Monday, October 31, 2011
BSE Bulk Deals to Watch - Oct 31 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
31/10/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD B 30897 787.05
31/10/2011 590006 Amrutanjan Health-$ CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED B 15304 790.47
31/10/2011 590006 Amrutanjan Health-$ CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED S 15304 791.17
31/10/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD S 30897 787.11
NSE Bulk Deals to Watch - Oct 31 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
31-OCT-2011,AMRUTANJAN,Amrutajan Health Ltd,RAHUL DOSHI,BUY,24982,790.80,-
31-OCT-2011,ECEIND,ECE Industries Limited,ECE INDUSTRIES LTD,BUY,300150,139.77,-
31-OCT-2011,GITANJALI,Gitanjali Gems Limited,DAVE HARIHAR KIRITBHAI,BUY,526746,348.27,-
31-OCT-2011,ONELIFECAP,Onelife Cap Advisors Ltd,AARAV FINANCIAL SERVICES PVT.LTD,BUY,169215,226.73,-
Markets take a breather; Sensex closes 100 points lower
Investors turned cautious today and booked profits owing to strong rally last week. The Sensex slid 100 points and the Nifty fell 34 points.
Major headlines
HUL hits 52-week high after good Q2 numbers
BPCL Q2 net loss at Rs3229.27 crore
Dabur Q2 net profit up by 10%
ICICI Bank Q2 net profit rises 22%
Maruti Suzuki declines after Q2 net profit decreases by 60%
Wipro Q2 consolidated net profit marginally up
Asia-Pacific markets fall on profit taking
Asia-Pacific markets closed lower on Monday, October 31, 2011, with the Thomson Reuter Asia-Pacific index dropped 1.86% at 160.11 while the MSCI Asia index (excluding Japan) declined 1.02% at 497.91, as investors elected to cash in some profit after impressive rally prior week.
Asian pacific markets had risen sharply last week with the MSCI Asia Pacific index accumulated weekly gains of 7.5% on positive development in EU debt crunch solutions.
Market snaps four-day winning streak as world stocks slide
Key benchmark indices snapped a four-day winning streak on weak global stocks as the initial euphoria surrounding last week's plan to contain the euro-zone debt crisis faded. The barometer index BSE Sensex shed 99.79 points or 0.56%, up close to 35 points from the day's low and off close to 110 points from the day's high. Interest rate sensitive banking stocks extended recent gains triggered by RBI hinting of a pause in interest rate hikes after raising its key policy rate by 25 basis points at a policy review last week. But, ICICI Bank fell on profit taking after reporting strong Q2 results. The market breadth was positive. Small-cap and mid-cap indices on BSE rose.
Market may open flat to slightly higher; Maruti Suzuki India in focus
Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 4 points at the opening bell. Asian stocks were mostly lower.
Maruti Suzuki India announced on Saturday, 29 October 2011 that net profit fell 59.8% to Rs 240.44 crore on 14.36% fall in total income to Rs 7949.36 crore in Q2 September 2011 over Q2 September 2010. The board of directors of the company granted approval to purchase land in district Mehsana, Gujarat for the future expansion of manufacturing facilities.
Daily News Roundup - Oct 31 2011
NIIT Technologies will invest up to Rs1.75bn for the second phase of expansion of its campus in Greater Noida which will begin in January next year. (ET)
NMDC is likely to put a bid for acquiring 100% stake in Vincy Coal, which is estimated to have coking coal reserves of 70-100 million tonne. (ET)
Bengal may clear JSW Steel's Salboni project very soon. (BL)
Sensex surges by 6% in Diwali Week...Up all 3 days
After taking a breather of sorts in the previous week, the Indian markets bounced back with a vengeance as the NSE Nifty and the BSE Sensex surged higher by over 6% each during the week. The NSE Nifty ended above the 5350 mark while the BSE Sensex closed above the 17800 mark. The BSE Metals, Realty, Auto and IT stocks were among the major gainers.
The RBI raised its key lending rate by another quarter percentage point as it continues its fight against stubborn inflation while equally being concerned about slowdown in the Indian economy. The central bank hiked the repurchase rate, or repo rate by 25 bps to 8.50%. The reverse repo rate now stands at 7.50%.
The RBI decided to deregulate the savings bank deposit interest rate with immediate effect. The BSE Banking index rose 2.5% during the week.
Finally, BSE Sensex ended at 17,805 and NSE Nifty ended at 5,360 up 6.1% each for the week.
Pit stop on the Street!
This is not the finish line. This is just the intermediate pit stop. ~ Tom Duxbury.
Just before the first Indian grand prix, the markets had the exhilarating experience of revving engines and screeching tyres as the Nifty raced ahead close to the 5400 mark. Now, it looks like the world stocks are taking a breather. US equity benchmarks had a flat finish on Friday while their European counterparts ended mixed. Italian shares slid after a tepid auction pushed yields on Italian 10-year bonds back above 6%.
Sunday, October 30, 2011
Oracle buys RightNow for US$1.5bn
Oracle announced that it has entered into an agreement to acquire RightNow Technologies, Inc., a leading provider of cloud-based customer service, for $43.00 per share or approximately US$1.5bn net of Right Now's cash and debt. RightNow's Customer Service Cloud helps organizations deliver exceptional customer experiences across call centers, the web and social networks. Together, Oracle and RightNow can enable a superior customer experience at every contact and across every channel. The Board of Directors of RightNow Technologies has unanimously approved the transaction. The transaction is expected to close by late 2011 or early 2012, subject to RightNow stockholder approval, certain regulatory approvals and customary closing conditions.
RBI maintains FY12-end inflation estimate of 7%
Keeping in view the domestic demand-supply balance, the global trends in commodity prices and the likely demand scenario, the baseline projection for WPI inflation for March 2012 is kept unchanged at 7%, the Reserve Bank of India (RBI) said on Tuesday after announcing another 25 bps hike in its key lending rate.
Elevated inflationary pressures are expected to ease from December 2011, though uncertainties about sudden adverse developments remain, the central bank said.
Forbes India list...Mukesh remains No.1; Anil out of Top 10
India's rich and famous have seen their wealth erode in 2011 due to a weak stock market, series of corruption cases and policy impasse at the Centre, according to the latest Forbes India rankings.
The combined wealth of India’s richest 100 fell to US$241bn in 2011, from US$300bn in 2010, according to Forbes India Rich list. Reliance Industries Ltd's (RIL) Chairman Mukesh Ambani retains his No. 1 position, but his net worth has fallen to US$22.6bn, down US$4.4bn compared to last year.
RBI deregulates Savings Bank Deposit Rate
The Reserve Bank of India (RBI) on Tuesday decided to deregulate the savings bank deposit interest rate with immediate effect. It is felt that the time is appropriate to move forward and complete the process of deregulation of rupee interest rates, the central bank said in a statement. Banks are free to determine their savings bank deposit interest rate, subject to the following two conditions:
RBI hikes repo rate by 25 bps...Hints at a pause
on Tuesday raised its key lending rate by another quarter percentage point as it continues its fight against stubborn inflation while equally being concerned about slowdown in the Indian economy. The central bank today hiked the repurchase rate, or repo rate (at which it lends to banks) by 25 basis points (bps) to 8.50%. The reverse repo rate (at which the RBI absorbs money from banks) will now stand at 7.50%. The Marginal Standing Facility Rate will now be at 9.50%. The Bank Rate has been retained at 6%t. The Cash Reserve Ratio (CRR) of scheduled banks has been left unchanged at 6% of their net demand and time liabilities (NDTL). The policy actions and the guidance that is given are expected to continue to anchor medium-term inflation expectations on the basis of a credible commitment to low and stable inflation, the RBI said in a statement.
Weekly Newsletter - Oct 30 2011
Indian markets did well to notch up gains on all three trading days in the holiday-shortened Diwali Week. Indications of a pause by the RBI offset the 13th rate hike in the past 18 months.
The main indices rallied in lockstep with other world markets amid expectations of a wide-ranging deal to control the eurozone debt crisis. The deal finally saw the light of day, lifting all risky assets in tandem. Encouraging data on the health of the US economy, including Q3 GDP report, also buoyed the sentiment.
FIIs turn bullish, invest Rs 1,000 cr in Oct
After pulling out in the last two months, foreign funds have turned bullish and infused over Rs 1,000 crore in the Indian markets in October.
During October 3-28, overseas investors have purchased stocks and debt securities worth a gross amount of Rs 58,483.40 crore and sold securities valued Rs 57,470 crore. This translated into a net inflow of Rs 1,014.30 crore, according to the data available with the Securities and Exchange Board of India (Sebi).
"In October, the Indian market has seen an upward movement, so FIIs invested in the market. In the last two months, overseas investors were pouring money in gold," Geojit BNP Paribas Research Head Alex Mathew said.
Saturday, October 29, 2011
Market glitters in festive week, ends 6% higher
There was a festive mood on the Dalal Street this week. The Sensex surged by 6.07% and the Nifty gained by 6.15%
Major news for the week
RBI hikes repo rate by 25 bps
Food inflation accelerates to 6-month high
Sterlite Industries Q2 net profit declines by 35%
Union Bank on India Q2 net profit up 16%
ITC Q2 net profit surges by 21%
NTPC Q2 net profit rises 15%
Friday, October 28, 2011
Eros Intl announces stunning opening for Ra.One
Eros International Media Ltd a leading global company in the Indian film entertainment industry has announced a stunning opening for Shah Rukh Khan’s Ra.One, produced by Red Chillies Entertainments which released across theatres worldwide on 26th October 2011. The Diwali release has garnered a bumper gross collection of Rs62.50 crore in its opening two days of Diwali and New Year.
Ra.One grossed Rs26.5 crore with a net of Rs18.5 crore on Wednesday October making it the highest ever Diwali day collection in the history of Indian cinema. The second day collections on Thursday 27th October were even more impressive with the film raking in Rs36 crore gross with a net of Rs25.10 crore making it the highest collection ever for a single day for an Indian film. Also in the overseas market film has shown magnificent performance being the highest collections for any Indian film so far.
Fireworks on Dalal Street: Sensex skyrockets 516 points
Strong cues from global peers after the European Union leaders unveiled plans to resolve sovereign debt crisis led the Sensex to close 516 points and the Nifty 159 points up
Major headlines
NHPC hits monthly high after good Q2 results
Banking stocks gain on possible recapitalisation plan
Rupee touches 2-week high
Eros International announces stunning opening for Ra.One
Indian Hotels posts Q2 net profit at Rs8.12 crore
Second batch of Q2 results to dictate trend
Stock-specific activity may dominate trade in the near-term as Q2 earnings season gathers steam. Investors will closely watch the management commentary at the time of announcement of Q2 September 2011 results, which will provide cues on futures earnings outlook. Automobile and cement stocks will be focus as companies from these two sectors start unveiling sales volume data for October 2011 from Tuesday, 1 November 2011.
Shares of car major Maruti Suzuki and housing finance major LIC Housing will on Monday, 31 October 2011, react to their Q2 results to be announced on Saturday, 29 October 2011. ICICI Bank, Wipro, Hindustan Unilever, Dabur India, Colgate Palmolive (India), NMDC and BPCL unveil Q2 results on Monday, 31 October 2011. Cement majors ACC and Ambuja Cements, Punjab National Bank, HPCL and Aditya Birla Nuvo unveil quarterly results on Tuesday, 1 November 2011. Sun TV Network, Ashok Leyland and TVS Motor report Q2 results on Thursday, 3 November 2011. ONGC, Bharti Airtel and GlaxoSmithKline Pharmaceuticals unveil quarterly results on Friday, 4 November 2011.
BSE Bulk Deals to Watch - Oct 28 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
28/10/2011 532363 Compulearn SUDHEER BABU PINNAMANENI B 111405 12.91
28/10/2011 532363 Compulearn HEMENDRA RATILAL MEHTA B 175000 12.27
28/10/2011 532363 Compulearn SUDHEER BABU PINNAMANENI S 116358 12.89
28/10/2011 532363 Compulearn VIJAYKUMAR LALCHAND S 103180 12.48
28/10/2011 508860 DIAMANT JIGAR PRAFUL GHOGHARI B 185000 16.20
28/10/2011 508860 DIAMANT KIRAN BHIKU BHANAES S 353263 16.30
NSE Bulk Deals to Watch - Oct 28 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-OCT-2011,EDELWEISS,Edelweiss Fin Serv Ltd,FIRST CARLYLE VENTURES MAURITIUS,BUY,29118922,29.50,-
28-OCT-2011,FLEXITUFF,Flexituff Inter Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,176066,225.56,-
28-OCT-2011,FLEXITUFF,Flexituff Inter Limited,GKN SECURITIES,BUY,145749,226.07,-
28-OCT-2011,FLEXITUFF,Flexituff Inter Limited,MUSKAN AGENCIES AND TRADING LTD,BUY,170649,224.39,-
Muthoot Finance jumps on strong Q2 outcome
Muthoot Finance jumped 6.29% to Rs 177.50 at 11:09 IST on BSE after net profit surged 88.3% to Rs 215.56 crore on 108.6% spurt in operating income to Rs 1104.87 crore in Q2 September 2011 over Q2 September 2010.
The result was announced on Wednesday, 26 October 2011, when the Indian equity market was closed on account of Diwali.
Market shoots up on Euro bailout plan
The market surged last week as investors build fresh positions after a long-awaited plan to resolve the European debt crisis was announced on Thursday (27 October 2011). Investors sentiment was also boosted after the Reserve Bank of India (RBI) hinted that its latest 25 basis points rate hike could possibly be its last in the current interest rate cycle. Key benchmark indices rose in all three trading sessions last week. The market was shut on Wednesday (26 October 2011) and Thursday (27 October 2011), on account of Diwali.
Sensex surges more than 500 points on Europe deal, US data
European Union leaders' efforts to contain the euro zone debt crisis and data showing the US economy grew in the third quarter at its fastest pace in a year stoked appetite for riskier assets with Indian bourses being no exception. Key benchmark indices surged to hit 11-1/2 week closing highs. The market gained for the fourth straight day. The BSE Sensex was up 515.97 points or 2.98%, off close to 100 points from the day's high and up about 130 points from the day's low. The market breadth was strong. Buying was witnessed across the board with all the 13 sectoral indices on BSE clocking gains.
Daily News Roundup - Oct 28 2011
IGATE Patni announced it had extended its multi-year, multimillion-dollar contract with The Mosaic Company. (BS)
Wipro Technologies is restructuring its computer infrastructure management services business by merging the global and domestic functions as part of an ongoing exercise to reduce overlap among different units. (ET)
ONGC Videsh Ltd’s acquisition Imperial Energy Corp has seen crude oil output dropping by 15% to about 15,000 barrels per day in the past three months as high tax rates deter the company from drilling new wells. (BS)
Post-Diwali blast on cards
"Patience is the ability to count down before you blast off." – Anonymous.
Samvat 2067 ended with a bang despite another rate hike. Mahurat Trading was a bit of a damp squib, as Indian investors awaited the outcome of the crucial eurozone summit. But, the start to Samvat 2068 promises to be a bright one, now that the much-awaited deal to contain the eurozone debt contagion has been sealed.
Healthy start likely on EU rescue deal
A long-awaited plan to resolve the European debt crisis encouraged global investors to put money back in markets. It is expected to be a strong start tracking buoyant global stocks.
Headlines for the day
Greek debt deal ignites global market rally
Manufacturing policy to offer tax sops on case-to-case basis
PSBs to wait for capital
BSNL dials SOS on roaming pacts
Sebi green light for new companies bill
Copper heads up
Base metal prices take a big leap on latest developments for Europe
Red metal prices at Comex ended substantially higher on Thursday, 27 October 2011. Copper prices rose, heading for a record weekly rally, after European leaders agreed to expand a bailout fund to ease the region's sovereign-debt crisis. Better than expected economic data and weak dollar also helped prices go up considerably higher.
Precious metals continue to add glaze
Prices extend gains for fifth straight day
Precious metals ended higher for fifth consecutive day on Thursday, 27 October 2011 at Comex. Prices shone as the dollar weakened and traders cheered the latest plan of euro zone to contain its sovereign debt crisis.
Gold for December delivery ended higher by $24.2 or 1.4%, to end at $1,747.7 an ounce on the Comex division of the New York Mercantile Exchange on Thursday. It was highest close for gold in five weeks. Last week, gold lost 2.8%, erasing all of its prior week's gains. For the month of September, gold shed 11%. It registered a rise of 8% for the third quarter ending September.
Crude gallops ahead
Prices rise following weak dollar, positive data and latest developments in the euro zone
Crude prices ended substantially higher on Thursday, 27 October at Nymex. Prices rose as the dollar weakened and traders cheered the latest plan of euro zone to contain its sovereign debt crisis. Better than expected economic data also helped prices go up considerably higher.
Light and sweet crude for November delivery rose $3.76 (4.2%) to $93.96 a barrel on the New York Mercantile Exchange on Thursday. That was highest settlement for crude in almost three months time. Last week, crude gained 0.7%. For the month of September, oil futures lost 11%, and for the quarter, crude incurred losses of 17%. It was the worst quarterly performance for crude in almost two years.
Market may extend recent gains on firm Asian stocks
The market may extend recent strong gains on firm Asian stocks buoyed after an agreement was reached by the European leaders to help contain the region's two-year debt crisis. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 83.50 points at the opening bell.
Key benchmark indices edged higher to attain 11-1/2-week closing highs during the auspicious Muhurat trading session on Wednesday, 26 October 2011, on hopes that a much-awaited summit of euro-zone leaders will present a convincing plan to handle the 2-year old euro-zone debt crisis. The BSE Sensex rose 33.97 points or 0.2% to settle at 17,288.83, its highest closing level since 5 August 2011.
Thursday, October 27, 2011
Ramesh Damani - Grab stocks this Diwali
The mood is euphoric as Indian market opens for a brief session of Mahurat trading. However, there are whispers that the ECB meeting announcement tonight might just spoil the Diwali mood. Despite the concerns in the global markets, some experts are hopeful on Indian market.
Ramesh Damani, Member BSE is optimistic and bullish on market. In CNBC-TV18's special show Mahurat Trading, Damani says that the worst has got the market the bit of value that is emerging for investors because stocks have been sold away and they are fairly cheap.
Rakesh Jhunjhunwala - Worst Trading Year - CNBC Interview
Billionaire investor Rakesh Jhunjhunwala, who's often referred to as India's Warren Buffett, says, the financial year 2012 has been, so far, the worst trading year of his life.
However, he is not giving up hope. He still believes that the market is in a corrective phase of a long-term bull run.
In an interview to CNBC-TV18’s Udayan Mukherjee, the big bull of Dalal Street says, although the market is showing strength, he has had the worst trading financial year of his life starting from April. And that’s what makes him cautious or confused. “I still don’t think that there is a clear picture. I think we will still have to wait for events to unfold.”
Crude shoots up
Prices rise despite stocks slipping considerably at Wall Street
Crude prices ended substantially higher on Tuesday, 25 October at Nymex. Prices rose despite US stocks slipping considerably on Tuesday. Prices shot up following better than expected data in the manufacturing zone out of China earlier this week.
Wednesday, October 26, 2011
Nifty ends at 5201. Sensex below 17,300
It was a positive start as Samvat 2068 began with the Nifty hovering above 5200. Profit booking was seen in the closing half an hour. Investors were probably jittery ahead of the much awaited meeting to resolve Europe’s sovereign debt crisis.
The Nifty opened at 5215 and hit a high of 5219. The low for the special trading session was 5196. The Nifty finally ended just above the 5200 mark.
Markets celebrate Diwali 2011 with marginal gains
The Indian markets closed the Muhurat Trading Session with marginal gains. Major sectoral gainers: BSE CG up by 0.87%, BSE PSU up by 0.83%, BSE HC up by 0.82% BSE CD up by 0.81% and BSE Power up by 0.60%.
The Top ‘A’ group gainers: Jain Irrigation up by 5.50%, Indiabulls Financial Services up by 4.24% and Exide Industries up by 3.72%.
The Sensex closed at 17289, up by 34 points and the Nifty rose 10 points to settle at 5202.
Samvat 2068 begins on positive note; Sensex, Nifty settle at 11-1/2-week highs
Key benchmark indices edged higher to attain 11-1/2-week closing highs during the auspicious Muhurat trading session today, 26 October 2011, on hopes that a much-awaited summit of euro-zone leaders will present a convincing plan to handle the 2-year old euro-zone debt crisis. The barometer index BSE Sensex rose 33.97 points or 0.2%, off close to 60 points from the day's high and up about 15 points from the day's low. The market breadth was strong.
Index heavyweight Reliance Industries (RIL) reversed initial gains. Another index heavyweight ICICI Bank fell. IT stocks edged lower. Two-wheeler major Bajaj Auto hit a record high. Metal shares were mixed. Sesa Goa fell on poor Q2 results. Interest rate sensitive realty and banking stocks rose after RBI hinted that a pause in interest rate hikes is likely at its December 2011 policy meeting. Cigarette major ITC hit record high.
Tuesday, October 25, 2011
Happy Diwali!
Happy Diwali Everyone!
May it bring prosperity and progress to you and your family!
All the Diwali Stock Picks
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BSE Bulk Deals to Watch - Oct 25 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
25/10/2011 533412 Aanjaneya Lifecare JHELUM HOLDING PRIVATE LIMITED B 250000 410.51
25/10/2011 533412 Aanjaneya Lifecare AASHIRWAD VINCOM PRIVATE LIMITED S 186000 410.50
25/10/2011 533412 Aanjaneya Lifecare SHAMPA TRADING PRIVATE LIMITED S 64000 410.50
25/10/2011 532397 Arms Paper SANGEETA AJAY GOENKA B 549805 9.98
25/10/2011 532397 Arms Paper SIDDHARTH TIBREWAL S 521003 10.00
25/10/2011 506027 Bhoruka Alum CHETAN LAXMIKANT DAVE B 537810 4.03
NSE Bulk Deals to Watch - Oct 25 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
25-OCT-2011,AANJANEYA,Aanjaneya Lifecare Ltd,AASHIRWAD VINCOM PRIVATE LIMITED,BUY,25000,416.01,-
25-OCT-2011,AANJANEYA,Aanjaneya Lifecare Ltd,JHELUM HOLDING PRIVATE LIMITED,BUY,320000,413.60,-
25-OCT-2011,BALRAMCHIN,Balrampur Chini Mills,JAIDEEP HALWASIYA,BUY,2500000,53.45,-
25-OCT-2011,BALRAMCHIN,Balrampur Chini Mills,JAIDEEP HALWASIYA,BUY,3908913,53.91,-
25-OCT-2011,GITANJALI,Gitanjali Gems Limited,SUPARSHVANATH STK & SER P. LTD,BUY,432631,372.70,-
25-OCT-2011,INDOWIND,Indowind Energy Limited,DAVE CHETAN L.,BUY,1036842,9.27,-
Nifty November 2011 futures above 5200
Turnover surges
Nifty November 2011 futures were at 5247, at a premium of 55.40 points over spot closing of 5191.60. Turnover on NSE's futures & options segment surged to Rs 248830.95 crore from Rs 150469.14 crore on Monday, 24 October 2011.
State Bank of India (SBI) November 2011 futures were at 1858, at a premium over spot closing of 1842.25.
Auto, metal shares lead rally
Key benchmark indices gained for the second straight day to scale 11-1/2-week closing highs after the Reserve Bank of India (RBI) said at a policy review today, 25 October 2011, that a likely moderation in inflation from December 2011 will provide some room for monetary policy to address growth risks in the short run. The barometer index BSE Sensex regained the psychological 17,000 mark, as the central bank hinted at pause in its rate hike cycle after announcing a 25 basis points hike in its key policy rate today, 25 October 2011. The Sensex jumped 315.58 points or 1.86%, up about 355 points from the day's low and off about to 70 points from the day's high.
Daily News Roundup - Oct 25 2011
Infosys has signed a memorandum of understanding with the Dalian High-tech Zone in China, to establish a branch company of Infosys Technologies. (BS)
A special purpose vehicle with equity participation from state-owned telcos BSNL and MTNL and other public sector units such as Rail-Tel, Gail and PowerGrid will be entrusted with the Rs200bn project to build a national broadband network to take high-speed internet to the hinterlands. (ET)
Areva T&D, which is a part of Alstom Grid has bagged Rs4bn contract for 765 kv extra high voltage substation from Rajasthan Rajya Vidyut Prasaran Nigam Ltd. (BS)
Sensex spurts on global rally...ITC up, L&T down
The Indian equity indices ended higher on Monday, starting off the holiday-shortened week with smart gains, as investors around the world welcomed reported progress talks between the eurozone nations on ways to tackle the economically crippling debt crisis.Encouraging data from Japan and China also helped lift the mood ahead of Tuesday's RBI monetary policy.
However, the main indices did surrender some of the session's gains after the release of downbeat Composite PMI data in Europe. European equity indices pared their gains after data showed that the preliminary composite purchasing managers index (PMI) for the eurozone fell to 47.2 in October, its lowest reading since July 2009. Economists had forecast a decline to 48.8. A reading of less than 50 signals contraction while a figure of more than 50 implies expansion.
A cracker of a session!
Troubles as light as air, love as deep as ocean, friends as solid as diamonds, and success as bright as Gold… These are our wishes for you and your family on the eve of Diwali.
The global markets seem to be already in Diwali mode. Increasing hopes of a long-term solution to the eurozone debt problem at Wednesday’s summit is boosting sentiment for now. A grim reading on private sector activity in the debt-strapped eurozone is not being given much attention.
Info for Better Trades
Commodity:
Crude Oil rose as investors bet that signals of economic growth indicate that fuel demand will increase
Stock in news:
InfrasoftTech to buy diversified financial services unit of KPIT Cummins
PowerGrid plans to go global
RBI signals stance shift, warns of growth risks
Hind Zinc trying to extract metal from mining ‘residue'
Global Cues:
The European shares ended a choppy day higher on Monday (October 24, 2011), FTSE up by 1.08%, CAC jumped by 1.55% and DAX rose by 1.41%.
The US Stocks rose on Monday, DOW JONES up by 0.89% and NASDAQ increased by 1.29%.
The Asian indices were trading mostly higher on Tuesday (October 25, 2011), Nikkei declined by 0.34% and HANG SENG gained by 0.48%.
Events Today
RBI's monetary policy
F&O Expiry for October
Result announcement:
Alstom Projects India, Dr.Reddy's Laboratories, Engineers India, Kotak Mahindra Bank, NTPC, Oracle Financial Services Software, Sesa Goa.
Crude takes a big jump
Prices rise on anticipation of higher demand in coming months
Crude prices ended substantially higher on Monday, 24 October at Nymex. Prices shot up following better than expected data in the manufacturing zone out of China. Somber dollar and prevailing optimism as comments from European officials suggested progress toward a broad debt plan instilled optimism about the region also pushed up prices on expectations of higher demand.
Precious metals end higher for second straight day
Prices rise as dollar stays weak and on positive developments from Europe
Precious metals ended higher for second consecutive day on Monday, 24 October 2011 at Comex. Prices shot up on optimism as comments from European officials suggested progress toward a broad debt plan instilled optimism about the region. A somber dollar also imparted the shine.
Copper witnesses a strong day
Copper once again remains the biggest gainers in the broader metals complex on Monday
Red metal prices at Comex once again ended substantially higher on Monday, 24 October 2011. Red metal prices advanced, helping to extend the biggest rally in industrial metals in two years, as European leaders' plans to aid banks and preliminary China data boosted optimism about the outlook for economic growth.
Market may open higher on firm Asian stocks; RBI's policy review in focus
The market may open higher on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 22.50 points at the opening bell.
With inflation remaining at uncomfortably high level, the Reserve Bank of India (RBI) is seen delivering another rate hike at its half-yearly review of the monetary policy today, 25 October 2011. A 25 basis points hike in repo rate is expected from the central bank tomorrow. The annual rate of inflation in the food space increased in early October while inflation in the fuel group also edged up, data released by the government showed recently.
Monday, October 24, 2011
BSE Bulk Deals to Watch - Oct 24 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
24/10/2011 530027 Aadi Inds PRITI MANOJ RUPAREL B 95000 16.70
24/10/2011 530027 Aadi Inds MAYUR RAMNIKBHAI PATEL S 183658 17.17
24/10/2011 531560 Aroma Enterprises RUPESH BHOGILAL BHATIA B 51000 84.08
24/10/2011 531560 Aroma Enterprises CHUNILAL MISHRIMAL SANGHVI S 51000 84.08
Asia-Pacific markets surge on easing Europe worries, strong China manufacturing data
Markets clung to hopes that European policymakers were moving a step closer to resolve the region’s debt crisis.
Asia-Pacific markets expanded gains throughout the day after kicking off the new trading week in positive fashion, with the Thomson Reuter Asia-Pacific index climbed up 2.37% at 155.93 while the MSCI Asia index (excluding Japan) surged 3.45% at 474.53 Monday, October 24, 2011, as appetite for riskier assets rejuvenated after better than expected reading on China's HSBC October flash PMI data and Japan export data, and on growing optimism that eurozone leaders may announce stronger rescue package for the region's struggling economies.
Market snaps two-day losses on Europe bailout hopes, China data
Key benchmark indices edged higher on Dhanteras, which marks the beginning of Diwali festivities, snapping a two-day losing streak, on news that euro-zone leaders are making progress toward agreeing measures to tackle the sovereign debt crisis. But, Indian stocks trimmed gains amid late volatility, as caution set in ahead of the central bank's monetary policy review tomorrow, 25 October 2011. The barometer index BSE Sensex failed to retain the psychological 17,000 level, which it had regained at the onset of the trading session. The market breadth turned negative from positive in late trade. The Sensex was up 153.64 points or 0.92%, off close to 165 points from the day's high and up about 40 points from the day's low.
Market poised for firm start on buoyant global cues
The market is likely to edge higher tracking positive global cues. Asian stocks advanced on Monday while US markets settled higher on Friday after euro zone leaders made some progress towards a strategy to tackle the region's debt crisis. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 56.50 points at the opening bell. Cigarette major ITC, Sterlite Industries and Titan Industries will unveil their Q2 results today, 24 October 2011.
Stocks may remain volatile in the immediate future as traders roll over positions in the futures & options (F&O) segment from the near-month October 2011 series to November 2011 series. The near-month October 2011 derivatives contracts expire on Tuesday, 25 October 2011.
Markets set for a strong start on Dhanteras
European Union leaders have made some progress toward a strategy to fight the euro zone's sovereign debt crisis. The start is likely to be on a strong note.
Headlines for the day
JSW to raise steel prices by 2-3%, cuts spot sales
Diesel sales at RIL outlets close to nil
Piramal joins race for Milestone Capital
Tatas mull Group CEO post to ease chairman's workload
IDBI Bank plans to raise $200 million from Swiss market
Stocks in News
KPIT Cummins to set up subsidiary in Brazil by December.
Supreme Industries plans Rs200-crore capex.
Shriram Transport to open 50 automalls.
NMDC to buy four more iron ore assets abroad.
SEBI's new takeover rules come into force.
Oil & Natural Gas Corporation ( ONGC) to gain Rs1,300 crore as rupee falls to 30-month low.
DoT expects 2G spectrum allocation in 2-3 months.
DTH to Sun Direct: Maran's role under CBI scanner.
Sterling Holidays to open 5 resorts soon, plans to go overseas.
Everest Industries sees 25% revenue growth from PEB vertical.
RBI may again raise policy rates by 25 bps: bankers.
IDBI Bank plans to raise $200 million from Swiss market.
NSE, BSE to trade in gold ETFs till 8 pm on Dhanteras.
NSE to launch SME Exchange shortly.
Daily News Roundup - Oct 24 2011
The five-member selection committee set up to find a successor to Tata Group chairman Ratan Tata is discussing the creation of a new post of group CEO at Tata Sons. (BS)
Jaguar has recalled nearly 18,000 X-type models in the UK and several thousand abroad because of a potential cruise control problem. (BL)
JSW Steel, currently running at a capacity of 50-60%, is in talks with its long-term customers to raise steel prices in the range of 3-4%. (BS)
Dhanteras…Customary purchases only
Pure gold does not fear furnace - Chinese Proverb.
It’s that time of the year to make those customary purchases of precious metals. While we are into the Diwali week, parts of India are witnessing power outages as generation companies run out of fuel. This has only added to the somewhat bleak scenario confronting the Indian economy. Thankfully, the start is bright on a day that is celebrated as Dhanteras. Asian markets are up amid optimism over a plan to tame the eurozone debt crisis. Encouraging trade data has lifted Japanese shares but Chinese stocks are subdued.
Precious metals end their losing streak and rise on Friday
Prices witness modest weekly losses
Precious metals ended their four-day losing streak and closed modestly higher on Friday, 21 October 2011 at Comex. Traders retuned back to bullions on thoughts that recent selling in bullions was overdone. The weak dollar added further shine. Investors cautiously welcomed a statement from France and Germany promising to provide firm details of a debt-rescue plan for the euro zone in the next few days.
Strong day for base metals
Copper remains the biggest gainers in the broader metals complex on Friday
Red metal prices at Comex ended substantially higher on Friday, 21 October 2011. Copper was among the biggest gainers in the broader metals complex on Friday but registered substantial weekly losses. Traders retuned back to commodities on Friday on thoughts that recent selling in commodities was overdone. The weak dollar helped prices go up. Investors cautiously welcomed a statement from France and Germany promising to provide firm details of a debt-rescue plan for the euro zone in the next few days.
Crude moves up
Prices register nominal weekly losses
Crude prices ended modestly higher on Tuesday, 21 October at Nymex. Traders retuned back to commodities on Friday on thoughts that recent selling in commodities was overdone. The weak dollar helped prices go up. Investors cautiously welcomed a statement from France and Germany promising to provide firm details of a debt-rescue plan for the euro zone in the next few days.
Light and sweet crude for November delivery rose $1.33 (1.6%) to $87.4 a barrel on the New York Mercantile Exchange on Friday. For the week, crude gained 0.7%. For the month of September, oil futures lost 11%, and for the quarter, crude incurred losses of 17%. It was the worst quarterly performance for crude in almost two years.
Sunday, October 23, 2011
Food inflation back above 10%...Fuel inflation ~15%
The annual rate of inflation in the food space increased in the second week of October while inflation in the fuel group also edged up, data released by the Government showed on Thursday. Annual inflation in the Food Articles group rose to 10.60% in the week ended October 8 from 9.32% in the preceding week, the Commerce & Industry Ministry said in a statement. It was at 15.72% in the corresponding period of last year. Inflation in the Primary Articles group increased to 11.18% in the week under review, from 10.60% in the week ended October 1, according to the Commerce Ministry statement. It was at 19.03% in the year-ago period. Inflation in the Fuel & Power group rose to 15.17% in the week ended October 8 from 15.10% in the previous week, the Government data showed. It was at 11.14% in the comparable week of the previous year. Inflation in the Non-Food Articles space declined to 8.51% in the week under review from 9.59% in the previous week, the Government data showed today. It was at 27.17% in the same period a year
earlier.
Dr. Rangarajan too sees GDP growth below 8%
The Indian economy will grow at less than 8% rate in the current fiscal year due to a sharp slowdown in the industrial production, Chairman of the Prime Minister’s Economic Advisory Council (PMEAC) Dr. C. Rangarajan said on Thursday. The PMEAC, which provides economic forecasts twice a year, has predicted a growth of 8.2% for the fiscal year ending in March 2012. Finance Minister Pranab Mukherjee on Wednesday said that India's economy will grow less than 8% in the current fiscal year. Dr. Rangarajan said that the Government needs to use both fiscal and monetary tools to rein in inflation to maintain high growth. "When inflation is remaining at the level which is way above the comfort level of central bank, therefore in that situation it becomes absolutely essential for the central bank to act," Rangarajan said at a conference in New Delhi.
Weekly Stock Picks - Oct 23 2011
Buy Bharti Airtel
Buy Educomp Solution
Buy Dabur
Buy Idea
Buy BGR Energy
Weekly Newsletter - Oct 23 2011
After a choppy week, Indian markets could witness some more volatility and uncertainty as participants brace for the outcome of the much-hyped eurozone summit besides the RBI’s policy meeting. Both these key events will have a definite bearing on the sentiment, as will the F&O expiry and corporate earnings.
Next week will be a truncated one due to Diwali holidays. Of course, there will be the special Mahurat session on Diwali.
FY12 GDP may miss Govt projection: FM
India’s GDP growth in the current fiscal year will be lower than the Government’s earlier projection owing to hardening spiraling inflation, interest rates and global turmoil, Finance Minister Pranab Mukherjee said on Wednesday. "Most of us are expecting India's growth to go down below 8 percent. This is disappointing," Mukherjee told a news conference. "But if we can, we must not lose perspective of the global situation. There is slowdown all over the world."
Saturday, October 22, 2011
Diwali Muhurat Picks
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Friday, October 21, 2011
Markets close week with 2% loss
Concerns of economic crisis in the Europe and earnings disappointment dragged the markets this week. The Sensex fell 1.74% and the Nifty slid 1.60% on weekly basis
Major news for the week
Food inflation at 10.6% versus 9.32%
FM says growth will be slower than expected
Rupee weakens past 50 a dollar for 1st time since May 2009
Exide Industries falls after Q2 results
L&T Q2 net profit marginally up
Crompton Greaves Q2 net profit declines by 29%
TCS Q2 consolidated net profit up 6%
HDFC Bank Q2 net profit jumps by 31%
HCL Technologies Q1 net profit surges 50%
Global jitters spook market
The market declined last week, trailing weakness in global shares caused by disappointment over a quick European rescue plan. Investors feared building fresh positions as data showing acceleration of food inflation early this month raised prospects of more rate hikes from the central bank to tame inflation, which remains uncomfortably high. Stock specific action was witnessed as most index heavyweights announced their June-September 2011 quarter results.
The BSE Sensex fell 297.05 points or 1.74% to settle at 16,785.64 in the week ended Friday, 21 October 2011. The 50 share S&P CNX Nifty fell 82.35 points or 1.60% to 5,049.95.
Market may remain volatile on expiry of October F&O contracts
High volatility is expected on the bourses in a truncated trading week. There are many variables for investors to grapple with, including corporate earnings, a policy review from the Reserve Bank of India (RBI), expiry of the near-month October 2011 futures & options (F&O) contracts and a European Union summit to finalise a package of comprehensive measures to tackle the euro-zone debt crisis. The near-month October 2011 derivatives contracts expire on Tuesday, 25 October 2011.
A special Muhurat trading session is being held on the bourses from 16:45 IST to 18:00 IST on Wednesday 26 October 2011 on account of Diwali. There is no regular trading session on that day. The market also remains closed on Thursday, 27 October 2011, on account of Diwali, the festival of lights.
Market slides for the second straight day
Key benchmark indices edged lower for the second day in a row as a reduction in order growth guidance for the current year from engineering & construction giant L&T hit sentiment adversely. L&T reversed direction in late trade, with the stock tumbling nearly 4%. Another index heavyweight Reliance Industries (RIL) also edged lower in volatile trade. The BSE Sensex lost 151.25 points or 0.89%, off about 245 points from the day's high and up close to 35 points from the day's low. Except the BSE consumer durables index, all the other 12 sectoral indices on BSE were in the red.
Grey Market Premiums - Oct 21 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 39.20 (XB Rate) | 0.50 to 0.75 |
| Swajas Air. | 90 | 1.5 to 2 |
| Indo Thai Securities | 74 | 1.50 to 1.75 |
Daily News Roundup - Oct 21 2011
State Bank of India has increased home loan tenures by 10 more years to 30 years. (BS)
Promoters have raised their stake to 25.18% in M&M. (BS)
Tata Motors is looking to raise US$750mn via overseas borrowing to meet working capital requirements and reduce debt. (BS)
SEBI is investigating whether an associate company of DLF duped an investor by using a maze of intermediary companies while purchasing land. (BS)
Hoping for progress!
Progress is the activity of today and the assurance of tomorrow- Ralph Waldo Emerson
This weekend is no time to relax. Investors globally will anxiously wait to see the direction of the weekend meeting of European leaders for a comprehensive solution to the euro zone crisis. There is no consensus on how to strengthen a euro zone rescue fund. Immediate decision or solution is far fetched but signs of progress will provide some assurance. A plan is expected to be adopted by coming Wednesday.
Markets expect a positive start
Tracking gains in the Asian stocks, the Indian markets are likely to open on a positive note. Caution may prevail ahead of Europe summit
Headlines for the day:
Tata Motors to raise $750 mn via ECBs
SBI hikes home loan tenure to 30 years
M&M promoters raise stake to 25%-plus
Siemens sees growth in low-cost products
Market may open flat to slightly higher; L&T in focus
The market may open flat to slightly higher tracking gains in Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 4 points at the opening bell.
Engineering & construction major L&T, Idea Cellular, paints major Asian Paints, JSW Steel and Godrej Consumer Products reveal Q2 results today, 21 October 2011.
Cairn India announced after market hours on Thursday that consolidated net profit fell 51% to Rs 763 crore on 1% fall in revenue to Rs 2652.20 crore in Q2 September 2011 over Q2 September 2010 as the company made a one-time provision for royalty payments on crude output from a key producing block in Rajasthan.
Thursday, October 20, 2011
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