| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Shekhawati Poly Yarn | 30 (Fixed Price) | 1 to 1.50 |
| C. Mahendra Export | 95 to 110 | 5 to 6 |
| Mid Valley Enter | 64 to 70 | 7 to 7.50 |
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Friday, January 07, 2011
Grey Market Premiums - Jan 7 2011
Daily News Roundup - Jan 7 2011
SBI has asked Vodafone for cash and cash equivalent against guarantee sort by the telco for depositing with the Supreme Court in its case against the income tax department. (ET)
Government top dilute stake in three state-run companies - ONGC, SAIL and Hindustan Copper in the current fiscal. (BS)
Sensex extends weekly slide on inflation jitters
It was the fourth straight day of losses for the Indian market as bears continued their onslaught on Dalal Street. The NSE Nifty closed below the 6050 level with Realty, Capital Goods and Auto stocks among the major laggards. Breadth was negative as the Mid-Cap and the Small-Cap stocks also reversed early gains amid relentless selling pressure. But, select IT and Telecom stocks managed to buck the negative trend.
Spike threatens hike!
"Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price." - Robert Orben.
Freezing temperatures in northern India can’t take the heat off policymakers in New Delhi as inflation shows no sign of cooling. Prices of essential food items continue to soar even as the non-food element of WPI starts turning costlier, triggering expectations of some interest rate hikes later this month. Add to it the fact that the Government has now linked NREGA pay with inflation. This will not only require more funds but will also push wage inflation higher. So, all the boastful predictions that inflation will soften to 5-6% by March-end may turn out to be hot air.
Market seen opening flat to positive on mixed global cues
The market is likely to see a flat-to-positive start with global cues providing little direction. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a rise of 1.50 points at the opening bell. A US labor department report on employment in December 2010 in the world's largest economy, due to be released later today, is closely watched.
Markets to get a soft start on weak global cues
The markets are expected to resume the trade on a negative to cautious note taking cues from the sluggish global markets.
Headlines for the day:
New base rate method by June 30: RBI
Riversdale, Tata to own Mozambique power plant
Anil Ambani to increase stake in R-Infra to 47.7%
Crude witnesses considerable drop in price
Crude slips due to strong dollar and weak data
Crude prices ended substantially lower on Thursday, 06 January 2011 at Nymex. Prices fell today after showing days of strength earlier in the week. Strong dollar and worse than expected initial claims data pushed prices lower.
Precious metals continue to stay pale
Continue to fall as dollar adds more strength
Precious metals continued with their downward journey on Thursday, 06 January 2011 at Comex. Prices fell as the dollar witnessed considerable gains and traders continued to take to profit taking after the holiday season.
Copper drops for second time in three days
Inventories, strong dollar and mixed economic data hammer prices
Thursday, January 06, 2011
Realty Bets
Investor sentiment in realty stocks have dampened as new home buyers are starting to feel the squeeze of high property prices and rising interest rates.
November and December have been slow months for residential sales in major markets. Commercial and retail leasing trends remain strong, but are extremely geography specific, Macquarie Securities said in its recent report.
Profit booking, inflation drag markets for 3rd day
The Indian markets witnessed losses for the third consecutive day owing to consistent selling pressure across the board coupled with inflation concerns.
Major headlines
Food inflation soars to 18.32%
Economy to grow by 8.8% in 2010-11: IMF
Suzlon Energy inks pact with Hindustan Zinc
BSE Bulk Deals to Watch - Jan 6 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
6/1/2011 530513 Accurate Trans TARINI ENTERPRISES PRIVATE LIMITED S 17224 101.82
6/1/2011 530973 Alfa Ica TIKMANI CORPORATION B 22695 14.47
6/1/2011 530973 Alfa Ica AMRUT GOYAL DEVELOPERS PVT LTD S 30000 14.50
NSE Bulk Deals to Watch - Jan 6 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
06-JAN-2011,AHLWEST,Asian Hotels (West) Ltd,FOREX FINANCE PRIVATE LIMITED,BUY,861377,176.71,-
06-JAN-2011,AMARJOTHI,Amarjothi Spinning Mills,DINESH RAJ SHARMA,BUY,35000,65.73,-
06-JAN-2011,AMARJOTHI,Amarjothi Spinning Mills,SENTHILNATHAN JAYANTHISE S,BUY,40000,59.99,-
Market extends losses for the third day
Weakness persisted on the bourses for the third day in a row as data showing a surge in food inflation in late December 2010 rekindled fears of interest rate hike by the Reserve Bank of India (RBI). European markets were trading firm while Asian markets ended mixed. The BSE 30-share Sensex was down 116.36 points or 0.57%, up close to 80 points from the day's low and off close to 240 points from the day's high. From a seven-week closing high of 20,561.05 on 3 January 2011 the Sensex has lost 376.31 points or 1.83% in last three trading sessions. The market breadth was weak in contrast with a strong breadth in early trade.
Daily Market Review - Jan 6 2011
Benchmark indices extend the losing streak to third consecutive day by closing lower by half a percent in today’s trade. Sensex lost 116 points to close at 20184 while Nifty shut shop at 6048, down 32 points. BSE mid-cap and small-cap indices were down more, losing 1.2% and 1% respectively. Realty, Auto and Banking stocks continued to reel under pressure while software stocks maintained their outperformance. Food inflation for the week ended December 25 shot up to 18.32% from 14.44% in the previous week. Fuel inflation was unchanged at 11.63%. Primary Article index rose by 20.20% versus 17.24%. European markets, after a flattish opening, picked up and were trading higher by nearly a percent while US stock indices futures were up about a fourth of a percent ahead of jobs data.
Grey Market Premiums - Jan 6 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Shekhawati Poly Yarn | 30 (Fixed Price) | 1 to 1.50 |
| C. Mahendra Export | 95 to 110 | 5 to 5.50 |
| Mid Valley Enter | 64 to 70 | 6 to 7 |
Out of sync with the world
"Fortune sides with him who dares". - Virgil.
Slight change in the political fortunes has rendered UPA II paralysed in the past several weeks. After last week’s postponement of the EGoM on diesel price, the Centre has now deferred a call on urea deregulation as well. Also, Murli Deora has confirmed there won’t be any hike in diesel or LPG prices for now.
Daily News Roundup - Jan 6 2011
Reliance Industries has abandoned the second exploratory well in a Krishna-Godavari block after encountering "disappointing" results. (BS)
TCS to set up Rs15bn global learning centre in Kerala.(ET)
Two more Hero executives have been implicated in the multi-crore Citibank financial fraud case. (BS)
Sensex extends weekly loss...Nifty ends below 6100
After yet another positive start, the Indian market failed to build on the early gains and instead lost further ground later in the day to finish sharply lower. The BSE Sensex lost 200 points while the NSE Nifty closed below important support level of 6100. The decline in the Indian market was broad based with the broader indices also succumbing to the selling pressure.
Mkts to start firm ending 2-day fall
Markets are expected to resume trading on a firm note tracking positive global markets. The weekly inflation numbers are to be released later today.
Headlines for the day:
Tata Motors misses delivery target of one lakh Nanos in 2010
TCS to set up 1500-crore training centre in Kerala
Merck drops $100m research alliance with Ranbaxy
Crude rises as crude inventory drops more than expected
Crude prices managed to pare initial weakness and end higher on Wednesday, 05 January 2011 at Nymex. Prices rose as energy department reported a drop in crude and crude stockpiles for last week. Strong economic data also pulled up prices.
Precious metals tumble
Prices continue to fall as dollar strengthens
Precious metals ended considerably lower once again on Wednesday, 05 January 2011 at Comex. Prices fell as the dollar witnessed considerable gains and traders took to profit taking after the holiday season.
Market may halt two-day slide on positive global cues
Market is likely to open higher, ending a two-day declining trend, on positive global cues. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a rise of 26.50 points at the opening bell. Most Asian indices were trading in the green today, 6 January 2011 while the US market closed with modest gains on Wednesday, 5 January 2011. On the macro front, the government will unveil data on some wholesale price indices for the year through 25 December 2010 viz. the food price index, the primary articles index and the fuel price index at about 12:00 IST.
Here they are! Top Stock Picks for 2011
Anonymous said...
Shree Renuka Sugar Cairn India
December 22, 2010 9:47 AM
neeraj said...
adani power
coal india
larsen and toubro
infosys
punjab national bank
sun pharma
December 22, 2010 9:48 AM
Karthik said...
IT sector shoudl be the top pick.
I like:
1. Mphasis
2. YES Bank
3. DCB
4. Pochiraju Industries
5. Sterlite Technologies
6. Subex
7. Ludlow Jute & Specialities
8. TCS
9. Usha Martin
10. K S Oil
December 22, 2010 10:10 AM
Anonymous said...
1) Anant Raj Industries
2) U-Flex
3) Pratibha Industries
4) ADF Foods
5) Jayant Agro Organics
6) Allied Digital
December 22, 2010 10:13 AM
Jignesh Dungrani said...
Cairn India
Yes Bank
REC
Sterlite Ind
MphasiS
IDBI Bank
December 22, 2010 10:29 AM
Anonymous said...
ORISSA MINING IS A BLUE CHIP
December 22, 2010 10:30 AM
Dinesh C Nagpal said...
Top 6 picks for 2011: GSFC, TINPLATE, HEXAWARE, DCB, SUNTV & ABG SHIPYARD -- investor can accumulate these stocks slowly in dips.
December 22, 2010 10:48 AM
Debjit said...
IDBI Bank
Hindalco
Great Offshore
Godrej Ind
December 22, 2010 11:23 AM
Anonymous said...
Sterlite Industries
ITC
Tata Steel
Tata Motor DVR
M&M
Cairn
TCS
Wipro
L&T
Adani Power
City Union Bank
December 22, 2010 11:28 AM
Anonymous said...
IDBIBank
HCC
REC
Allied Digital
NHPC
Reliance Power
SJVN
December 22, 2010 12:27 PM
Anonymous said...
Graphite India
IDBI Bank
Allied Digital
Cimmco Birla
December 22, 2010 1:08 PM
Mohan Iyer said...
Orient Green Power
Zee Learning
JSW Energy
Pipavav Shipyard
DCB
December 22, 2010 4:34 PM
Essjay said...
Sterlite
DishTV
Ranbaxy
Fortis
LNT
StanChart
OMDC
December 22, 2010 5:07 PM
Anonymous said...
GODREJ PROPERTIES
December 22, 2010 5:59 PM
Anonymous said...
IDBI Bank
SKS Microsystems
Sterlite
REC
Nagarjuna constructions
December 22, 2010 9:18 PM
Anonymous said...
Allied Digital
REC
IDBI Bank
December 22, 2010 9:24 PM
VICTORYGURU said...
Top picks for 2011 are
1. Bharat Forge
2. Tinplate Company
3. Allied Digital
4. Sterlite Tech
5. Punj Lloyd
December 23, 2010 10:59 AM
M.Bhat said...
L & T
Shriram Transport Finance Co. Ltd
Jindal Steel & Power
Petronet
HDIL
Renuka Sugars
Great Offshore
IRB
December 23, 2010 11:43 AM
Anonymous said...
Companies which can benefit from Rural area Developments:
Sintex Industries,
Bajaj Electricals,
KLG Systel,
Tata Chemicals.
Rgds
MC
December 23, 2010 12:17 PM
onyx said...
BUY DELTA CORP, MANAPPURAM FINANCE , SGJHL, BPCL , IOC , VIDEOIND FOR MEGA AND SURE SHOT PROFITS
December 23, 2010 1:43 PM
Anonymous said...
all waste
December 23, 2010 3:18 PM
Anonymous said...
surya pharma,omnitech infosolutions,talwalkars,cerebra integrated.
December 23, 2010 4:00 PM
Anonymous said...
People are posting only well known scrips which are already richly valued.Real genius is in finding unknown and out of favour stocks which can take off.
December 23, 2010 5:29 PM
Praveen Shamain said...
My Picks For 2011 Are (Random Order) -
1. Reliace Capital
2. IFCI
3. Reliance Communications
4. Punj Lloyd
5. HDIL
6. Century Textiles
7. Bombay Dyeing
8. DB Realty
December 23, 2010 10:25 PM
Anonymous said...
Hanung Toys
December 24, 2010 12:27 AM
Anonymous said...
Adani power
Irb Infra
Cox and Kings
December 24, 2010 5:42 AM
Anonymous said...
Boss,
IFCI
Reliance
Punj Llyod
JP Associates
Suzlon
Spice Jet
Bharti
December 24, 2010 10:24 AM
Anonymous said...
BUY JUBILANT FOODS FOR NEXT 2 YEARS.
December 24, 2010 10:56 AM
RAHUL said...
PFC
IRB
REC
OPTO
ONMOBILE
ARSHIYA
APAR
SPML
HIND DORR
GSPL
GPIL
December 24, 2010 11:47 PM
Anonymous said...
Airtel
Shasun Pharmaceuticals
Federal Bank
SKS Microfinance
Vishal Retail
December 25, 2010 5:51 PM
Anonymous said...
jbf ind
hanung toys
mphasis
tech mahindra
idfc
moil
December 26, 2010 7:07 PM
Anonymous said...
my top picks
tata steel
tata sponge iron
bluestar
unitech
jyoti structures
unity infra
patel engineering
reliance capital
dish tv
sterlite industries
December 27, 2010 5:19 PM
pravin boisar said...
krbl,reiagro,hul,karutari global,prism cement, eastern silk,alok,dhampur sugar,triveni engg.
December 27, 2010 10:40 PM
Research said...
Vivimed Labs,
Tata Steel,
Coal India,
Power Grid,
January 01, 2011 7:48 AM
Anonymous said...
ARTSON ENgg,
Visaka Ind,
Indian Hotels
Rallis
Tata Chemicals
Bata India
century enka
godrejInd
Geometric
Tata Elxsi
Gammon Ind
SCI
Reliance Broadcast
Reliance Media Works,
January 01, 2011 6:18 PM
Anonymous said...
you guys should now summarize this and make a new post.
thanks.
January 03, 2011 11:28 AM
Anonymous said...
IDBI BANK
REC
ALLIED DIGITAL
SJVN
NHPC
January 03, 2011 5:05 PM
SUNIL BHAVSAR said...
1 & ONLY ONE DIVIS LAB
Wednesday, January 05, 2011
Daily Market Review - Jan 5 2011
Markets consolidated for yet another day as benchmark indices closed with modest losses after a choppy trade. Sensex lost 62 points to close at 20499 while Nifty finished at 6146, down 11 points. BSE mid-cap and small-cap indices lost 0.3% and 0.04% respectively. High beta sectors viz. Banking and Realty were under pressure while defensive FMCG stocks had a good run. Suzlon gained nearly 3% on the back of rumors that Spain’s Gamesa is picking up a majority stake in the company. FTSE, which opened today for the first trading session of 2011, was trading with gains of more than 2% while other European markets were up by about half a percent. US stock indices futures were higher by about a third of a percent ahead of data on factory orders and release of minutes of latest FOMC meeting.
BSE Bankex and Realty were the top losers among the sectoral indices, shedding 2.5% and 1.1% respectively while FMCG and Oil & Gas indices gained the most, up 1.7% and 1.3% respectively. Suzlon and HCL Tech were the top gainers among the Nifty stocks, putting on 2.9% and 2.1% respectively while ICICI Bank and SBI plunged 3.3% and 3.2% respectively, becoming the top losers. BSE advance-decline ratio stood at 0.96:1.
BSE Bulk Deals to Watch - Jan 5 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
5/1/2011 532114 Alchemist Rlty VARINDER PAL SINGH B 760000 13.04
5/1/2011 532114 Alchemist Rlty SINGH SINGH ARCHANA S 760000 13.04
5/1/2011 531591 Bampsl Sec KAUSHALAYA GARG B 493453 2.63
5/1/2011 531591 Bampsl Sec PRAKASH CHAND GUPTA B 614007 2.63
NSE Bulk Deals to Watch - Jan 5 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
05-JAN-2011,BAJFINANCE,Bajaj Finance Limited,RELIANCE CAPITAL TRUSTEE CO.LTD -A/C RELIANCE REGULAR SAVING,BUY,195500,697.50,-
05-JAN-2011,JINDALPHOT,Jindal Photo Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,59381,249.57,-
Daily Grey Market Premiums - Jan 5 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Shekhawati Poly Yarn | 30 (Fixed Price) | 1 to 1.50 |
| C. Mahendra Export | 95 to 110 | 4 to 5 |
| Mid Valley Enter | 64 to 70 | 4 to 5 |
Labels:
Grey Market,
IPO Grey Market Premium,
Pre Market
DP Group! | Facebook | @deadpresident |About.me
Sluggish start on cards
The markets are expected to resume the trade on a lower note taking cues from the negative Asian markets.
Headlines for the day:
NMDC, MMTC lock horns over iron ore supply to Japanese firms
Private telcos may join PSUs in broadband rollout
Honda puts bike market on notice with stiff targets
Fatigue setting in?
"When we are tired, we are attacked by thoughts we conquered long ago." - Friedrich Nietzsche.
A little bit of fatigue seems to be creeping into the Indian markets, at least for the time being, even as their overseas counterparts are enjoying an extended rally. September was spectacular for India. October and November were not so kind. In December, we somehow managed to claw our way back. But, early in January the markets seem to be lacking the spark again.
Daily News Roundup - Jan 5 2011
Strong differences have emerged between NMDC and MMTC over long-term supply pact of iron ore to Japanese mills, with the former opposing the idea fearing lower realizations and the latter pitching for it. (BS)
ONGC and GAIL reached an understanding for mutual business growth covering natural gas and petro-chemicals. (BL)
Sensex slips under 20,500...Nifty below 6150
Market starting in the green for the second straight day, the Indian markets were unable to carry on the momentum through the day, with the NSE Nifty and the BSE Sensex ending with marginal losses.
Big drop for precious metals
Prices witness big slide as dollar heads up and economic recovery continues
Precious metals ended considerably lower on Tuesday, 04 January 2011 at Comex. Prices fell as the dollar pared initial weakness and headed up and economic data showed that recovery is on track thereby decreasing the appeal of bullions as a an alternative investment.
Crude plunges
Crude slips drastically as dollar rises
Crude prices ended drastically lower on Tuesday, 04 January 2011 at Nymex. Prices dropped as the dollar headed up. Crude prices slipped in tandem with other commodities on Tuesday.
Factory orders report try to boost US stocks
Indian ADRs ICICI Bank and Tata Motors slip considerably
US stocks changed in a mixed mode but almost near unchanged mark on Tuesday, 04 January 2011. Stocks started the day with mild gains. But stocks soon slipped in the red within an hour of trading. Better than expected factory orders data helped to pull the indices out from the red zone, but the same failed to climb to green. Ultimately, Dow managed to overcome the weakness and end the day with gains. Commodities witnesses a sharp drop in prices today as the dollar headed up.
Market may open lower on weak Asian stocks; L&T in focus
Market may open lower extending Tuesday (4 January 2011)'s decline, tracking weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a fall of 11.50 points at the opening bell.
Tuesday, January 04, 2011
BSE Bulk Deals to Watch - Jan 4 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
4/1/2011 532840 Advanta India DOHA INVESTMENT COMPANY B 250090 390.00
4/1/2011 532840 Advanta India MORGAN STANLEY MAURITIUS COMPANY LIMITED S 250090 390.00
NSE Bulk Deals to Watch - Jan 4 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
04-JAN-2011,JMTAUTOLTD,JMT Auto Limited,BAVISCON DEALERS PVT LTD,BUY,118916,90.07,-
04-JAN-2011,JUPITER,Jupiter Bioscience Ltd,KRIKA SPICE INTERNATIONAL PVT LTD,BUY,540876,54.86,-
Stocks consolidate gains in Asia
Improving global outlook keeps sentiments supported though some sell off emerges in select indices
The Asian markets ended in a positive manner today with the sentiments continuing to stay upbeat amid strong economic data from US and strong manufacturing data around the world. Activity in the U.S. manufacturing sector expanded for the seventeenth consecutive month in December, according to a report released by the Institute for Supply Management on Monday, with the pace of growth accelerating compared to the previous month. The ISM said its index of activity in the manufacturing sector rose to 57.0 in December from 56.6 in November, with a reading above 50 indicating growth in the sector.
Market takes a breather after four days gains
The key benchmark indices edged lower in volatile trade, snapping last four days gains as profit taking emerged after indices struck a seven-week closing highs on Monday, 3 January 2011. Index heavyweight Infosys Technologies hit record high while another index heavyweight Reliance Industries jumped more than 2%. PSU OMCs fell while oil exploration firms rose on firm crude oil prices. IT, FMCG and healthcare stocks rose. Interest rate sensitive banking and realty stocks skidded. The BSE 30-share Sensex was down 62.33 points or 0.3%, up close to 150 points from the day's low and off close to 35 points from day's high. The market breadth was negative.
Market may gain for the fifth straight day on stronger global manufacturing dataMarket may gain for the fifth straight day
The key benchmark indices may gain for the fifth straight day tracking firm Asian stocks buoyed by the stronger global manufacturing data. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a gain of 24 points at the opening bell.
Capacity to hold on
People are wise in proportion, not to their experience, but to their capacity for experience. - James Boswell.
The New Year experience of global equities sets the tone for another positive start for the Indian stocks. However, the sudden turnaround intra-day in the key indices on Monday is a cause for worry. In the near term, the sentiment will be largely driven by global cues before Q3 results start kicking in.
Daily News Roundup - Jan 4 2011
NTPC is likely to float Rs170bn tender for sourcing super-critical equipment for its upcoming projects. (ET)
Tata Power has terminated agreement to raise US$300mn through selling 14-15% stake in its two coal SPVs to the private equity firm Olympus Capital Holdings Asia. (ET)
Sensex ends near day's low...Nifty holds 6150
Indian equity markets kicked off the first trading session of the year on a bright note, with the NSE Nifty ending above the 6150 levels. However, the key indices couldn't quite manage to pull-off a perfect start to the New Year, as profit booking set in after last week's rally.
Healthy start likely owing to firm global cues
The markets are likely to extend its gaining momentum and start the session on a strong note following the supportive global peers.
Headlines for the day:
Patni seeks more details from iGate
HDFC Bank raises deposit rates by up to 1.25%
ONGC, GAIL sign pact for marketing gas
Kalyani Steels
We recommend a buy in the stock of Kalyani Steels from a short-term perspective. It is evident from the charts of the stock that it had been on an intermediate-term downtrend from its August 2010 peak of Rs 156 until it found support around Rs 90 in early December. Taking support from its long-term base around Rs 90, the stock changed direction. It has been on a short-term uptrend since then. On January 3, the stock jumped 7.6 per cent accompanied with heavy volume, conclusively breaking through its immediate resistance as well as downtrend line around Rs 110. This has reinforced the bullish momentum and the stock is hovering well above its 21 and 50-day moving averages. The 14-day relative strength index has entered into bullish zone from the neutral region and weekly RSI is rising in the neutral region. Daily moving average convergence divergence oscillator is on the verge of entering into the positive territory implying upward momentum. Considering the stock's recent break through, we are bullish on it from a short-term perspective. We expect it's ongoing rally to continue until it reaches our price target of Rs 119 or Rs 122.5 in the trading sessions ahead. Traders with short-term perspective can consider buying the stock with stop-loss at Rs 111.5.
Precious metals rings New Year in a shining way
Precious metals ended higher on the first day of the New Year on Monday, 03 January 2011 at Comex. Gold prices recovered from earlier weakness and ended mildly higher while silver ended modestly higher. The dollar shed off its initial strength and pared its initial gains partly. Prices rose as the economic reports checked in mixed in nature.
Crude registers mild gains
Crude rises riding on the back of steady economic reports
Crude prices ended modestly higher on Monday, 03 January, 2011 at Nymex. Prices were back above the $90 level since last week, the same level oil had last witnessed more than two years back. Prices rose riding on the back of steady economic reports.
Monday, January 03, 2011
BSE Bulk Deals to Watch - Jan 3 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
3/1/2011 530901 ACIL SONAL INTERNATIONAL LTD B 588165 3.95
3/1/2011 532166 Alka Securities NAVEEN GUPTA B 508517 1.68
3/1/2011 521174 Arora Fibres DEEPINDER SINGH POONIAN S 79600 5.54
NSE Bulk Deals to Watch - Jan 3 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
03-JAN-2011,EMAMIINFRA,Emami Infrastructure Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,131888,47.55,-
03-JAN-2011,EVERONN,Everonn Education Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,161623,689.93,-
Nifty January 2011 futures at premium
Turnover declines
Nifty January 2011 futures were at 6,181, at a premium of 23.40 points over spot closing of 6,157.60. Turnover in NSE's futures & options (F&O) segment declined to Rs 62430.21 crore from Rs 63645.94 crore on Friday, 31 December 2010.
Monday marks an excellent start for Asian markets
Asian markets ended in a positive manner today, starting off the year on upbeat note as the investors ignored the weak Chinese economic data and instead fosued on the medium term outlook for the world economy. The official Purchasing Managers Index in China moderated for the first time in four months, an indication of cooling manufacturing activities in China due to tighter monetary policies. The PMI, a comprehensive gauge of industrial activities across the country, was at 53.9% in December from November's 55.2% percent The result was similar to the HSBC PMI reading released last Thursday, which fell to a three-month low of 54.4 in December. The markets managed to shrug this off though with the equity bourses in Australia, Tokyo, Shanghai, New Zealand and Thailand being closed for public holidays. This made it a thinly traded session and ideas that the Chinese monetary tightening efforts are working fine for the economy worked fine with the bulls who preferred to keep the year end momentum going. In US on Friday, the Dow had closed up 0.07% at 11577.51 Friday, up 11% from where it began 2010.
Market starts 2011 on positive note; Sensex scales 7-week high
The key benchmark indices posted small gains to scale seven week closing highs on the first trading session of calendar year 2011 on strong manufacturing sector data, on higher auto sales in the month just gone by and on firm world markets. The market gained for the fourth straight day today, 3 January 2011. Index heavyweight Reliance Industries (RIL) reversed initial gains. Two-wheeler major Bajaj Auto skidded more than 4% on sequential decline in sales in December 2010. Banking, metal and consumer durables stocks climbed. The market breadth was strong. The BSE Mid-Cap and Small-Cap indices outperformed the Sensex. The BSE 30-share Sensex was up 51.96 points or 0.25%, up close to 30 points from the day's low and off close to 105 points from the day's high.
Grey Market Premiums - Jan 3 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Shekhawati Poly Yarn | 30 (Fixed Price) | 2 to 3 (Seller) |
| C. Mahendra Export | 95 to 110 | 4 to 5 (Seller) |
| Mid Valley Enter | 64 to 70 | 5 to 5.50 |
Markets to shine on first trading session of 2011
The Indian markets are set to welcome the year 2011 on a bright note tracking positive Asian cues. Monthly cement dispatches and auto sales numbers to be out from today
Headlines for the day
Tata Steel, Nippon to ink Rs2,400 crore JV by Jan-end
Government likely to raise tax collection targets
PMEAC raises inflation forecast to 6%
Market may start 2011 on positive note
The market may edge higher on the first trading session of 2011 on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a gain of 16.50 points at the opening bell. Auto shares will be in demand on strong sales in the month just gone by.
Auto stocks could be in spotlight on monthly sales disclosure
Tata Motors total sales in December 2010 were 67,441 vehicles, a growth of 31% over 51,627 vehicles sold in December 2009. The company's domestic sales for December 2010 were 61,632 units, 28% growth over 48,173 units sold in December last year.
Old resolutions in new year!
"Good resolutions are simply checks that men draw on a bank where they have no account." - By Oscar Wilde.
The first trading day in the New year is here and bulls will hope there are no hangovers owing to the extended weekend. Many markets around the world are shut for extended New Year holidays. Asian markets which are open for trading are mostly positive. We expect the bulls to shake off any weariness and kick off 2011 on a bright note.
Daily News Roundup - Jan 3 2011
JSW Group plans to enter the agri business, sell branded fruits & veggies. (ET)
State Bank of India has re-jigged and extended its teaser home and auto loans schemes for three months up to March 2011. (BL)
With an eye on having a global footprint as well as securing supplies of key raw material like coking coal and iron ore, SAIL is looking at building steel plants abroad. (FE)
Hero Group says its exposure in the alleged financial fraud at Citigroup was Rs287.5mn. (ET)
ICICI Bank raised its base rate 50bps to 8.25% and PLR by 25bps to 17%. (ET)
BHEL is exploring the possibility of setting up an assembly unit in Indonesia to grab a sizeable market share of the growing demand for power equipment in the South-East Asian country. (BL)
HDFC Bank decided to increase its base rate by 25bps to 7.75% effective January 1. (ET)
Tata Motors hiked the prices of some its passenger vehicles and all of its commercial vehicles by a range of Rs3,000-30,000. (BS)
Tata Steel plans to ink an agreement with Japan-based Nippon Steel by end-this month to set up a Rs24bn steel plant for producing auto-grade steel. (BS)
JSW Steel emerges the highest bidder for debt-laden Bellary Steel & Alloys. (BS)
Jindal Steel & Power plans to build its first oil refinery to expand its energy business in the domestic and overseas markets. (BS)
ICICI Bank is keen to acquire more local banks to expand in the smaller towns in India. (ET)
Marg is planning to hive-off its residential projects business to a wholly-owned new subsidiary Marg Properties. (BS)
PNB has said that it plans to enter the life and general insurance business and has appointed Boston Consulting Group as its adviser. (TOI)
NTPC plans setting up a 4000MW power project at Pudimadaka in Anakapally mandal of Visakhapatnam district at an approximate cost of Rs230bn. (BS)
iGate, which was expected to announce the acquisition of a controlling stake in Patni Computer at a media conference, has cancelled the event. (ET)
Tata Steel is in talks with Canada’s New Millennium Capital to extend an existing agreement to develop iron ore mines in Canada. (ET)
Indraprastha Gas plans to raise CNG prices by Rs1.25 a kg. (BS)
TVS Motor reported 42% growth; it sold 171,790 units in December 2010 against 120,913 units in the same month of the previous year. (BS)
PNB is planning a foray into the insurance business. (BS)
Corporation Bank raised its base rate to 8.9% from 8.25%, while Dhanlaxmi Bank increased it to 8.25% from 7.5%. (ET)
HCL Infosystems expanded its distribution business in the Middle East by acquiring a 20% in Dubai-based Techmart Telecom Distribution. (ET)
BSNL is set to invite bids from private operators to share its third generation airwaves. (ET)
Auto parts maker Tata Autocomp Systems has filed for an IPO of shares including a fresh issue to raise up to Rs7.5bn. (FE)
Economy Snippets
India’s overall balance of payments surplus slumped to US$3.3bn in the July-September quarter. (ET)
Steel prices are set to rise by about 5% later this week. (ET)
India’s foreign exchange reserves rose to US$295.03bn as on December 24 from US$294.6bn in the previous week. (ET)
The domestic car market grew at least 25% last month over the previous year. (ET)
Sales in the domestic drug retail market rose a healthy 18.4% during 2010. (ET)
Communications and IT Minister promised to overhaul a decade-old telecom policy to address key issues including transparent spectrum allocation mechanism, package for local equipment manufacturing and mergers and acquisitions. (BL)
India plans to overhaul its decade-old telecoms policy, framing new rules on mergers and on radio waves, says telecom minister. (DNA)
Government will impose a 60% import tax on sugar from January 1. (FE)
India's external debt stood at US$296bn as of Sep’ 10, representing an increase of 12.8% over Mar’ 10. (BL)
Government proposes to set up a central regulator for the ports sector on the lines of the Central Electricity Regulatory Commission. (BL)
State-owned oil firms today raised jet fuel prices by almost 2%. (BS)
Sensex strikes another ton...Ends above 20,500
The Indian markets ended the last trading session of 2010 on a positive note, as investors extended their buying spree of the previous two sessions. The NSE Nifty firmed up above the 6100 levels, while the BSE Sensex ended above the 20,500 levels. Today’s rally was led by Realty, Banking, Auto and Power stocks. Even the broader indices put up a decent show. The BSE IT index was the only sectoral index in the red, falling 0.2% after the recent gains.
Copper maintains its ongoing momentum
Prices rise for the ninth time in ten years
Copper prices struck record highs at LME and Comex on Friday, 31 December 2010 at Comex. Supply disruptions in Chile, the world's largest producer, helped to support prices, along with increased investor demand. Drop in global inventories of copper has also pushed copper prices higher this year.
US stocks end year in a steady note
Stocks have a cheerful FY 2010
US stocks ended with nominal changes on Friday, 31 December 2010, the last trading day of the year 2010. Stocks were flat for most of the final session of the year, but ran into a flurry of selling in the final minutes. Friday's small moves in U.S. stocks came as investors made their final position changes for 2010, moving to lock in profits from 2010 while setting up fresh bets for the New Year. Their performance for 2010 was strong, though. The dollar continued to stay weak but the same too failed to induce any buying.
Sunday, January 02, 2011
Sector Picks for 2011
Pharma
Outperformer
Expiring patents of global pharma companies
Strong pipeline of drug applications
Rising competition in domestic market
Likely increase in licensing and supply deals
Outlook 2011
The Sensex was volatile in the first nine months of 2010 and threatened to violate the 16,000-support, twice in February and then in May. But such a breakdown was averted on both occasions and the mood turned gung-ho, once it broke past the 18,500-hurdle, to take it very close to its previous life-time high of 21,208.
One Blind Buy !
You have seen our 2011 Stock Picks!
Now, let us know of those - which ONE of your stock picks is a BLIND BUY!
Leave a comment!
Gabriel India
Investors with a two-to-three-year perspective can buy the shares of Gabriel India, a manufacturer of ride control products for the auto industry. From a 52-week-high of Rs 74 in mid-November, broader market volatility has pulled the price down to Rs 53, providing an attractive entry point for investors. At this price, the stock trades at a PE of 13 times its annualised per share earnings for the April-September 2010 period. The company's market leadership position and diversified clientele in the backdrop of a strong demand for automobiles give good visibility to earnings growth over the near to medium term. Gabriel India manufactures shock absorbers, struts and front forks. About 45 per cent of its revenues comes from two and three-wheelers and 30 per cent from the passenger car segment. Commercial vehicles, supplies to replacement markets and exports make up the rest. The company is a tier I supplier to leading OEMs (original equipment manufacturers) such as Maruti, Tata Motors, Ford, Toyota, M&M, Ashok Leyland, Honda, Bajaj and TVS.
Silver sees largest yearly gain in at least 30 yrs
Silver scored an 80 per cent gain in 2010, its largest in at least 30 years, according to Friday's fixing, due to rising demand from investors seeking a cheaper safe-haven than gold and to tap into its exposure to the industrial growth cycle.
The silver price fixed at 3,063.00 US cents an ounce versus 3,070.00 cents at the last fixing on Thursday, showing an 80 per cent rise based on the fixings.
Aban Offshore climbs on positive broker comments
Shares of Aban Offshore Ltd. jumped on Thursday in a rising market after Kotak Institutional Equities upgraded the stock to "Buy", citing the recent correction in the stock and the spike in crude oil prices. Separately, Avendus India Equity Research came out with a positive report on the stock. "We would advise investors to capitalise on the recent correction in Aban’s stock price as we see the risk-reward balance favorable at the current juncture. We highlight that there has been no change in the business conditions to justify the underperformance over the past three months," Kotak said in its note. "Key risks stem from debt-repayment capability," Kotak added.
Citigroup India hit by Rs 4bn fraud
Citibank's Gurgaon branch stumbled upon a Rs 4bn fraud and forgery by a few of the employees at the retail banking unit. The US-based banking titan did not say how much money is involved, but reports suggest the transactions may involve between Rs 3bn and Rs 4bn. The alleged fraud was done by a person named Shiv Raj Puri, who has been working as a Relationship Manager for the past 7-8 years. The fraud was unearthed when the bank's Assistant Vice President Binu Soman noticed suspicious transactions in certain accounts at the Gurgaon branch. Citibank filed an FIR with the Gurgaon police after an internal probe revealed some suspicious transactions. Citibank has informed the RBI and SEBI about the fraud.
Oil companies will be adequately compensated: Govt
Public sector oil marketing companies (OMCs) would be adequately compensated by the Government for selling fuel products at a discount, Petroleum Secretary S. Sundareshan said. The revenue loss to the OMCs would be adequately and fully addressed, Sundareshan said today at a hurriedly called media conference in the capital. His remarks came a day after the Empowered Group of Ministers (EGoM) on fuel prices was postponed indefinitely. The panel was to take up an increase in diesel and LPG prices. The EGoM has been considering a price hike of Rs 2 per litre on diesel and Rs 30-40 per LPG cylinder. OMCs currently sell diesel at a loss of Rs 6.09 per litre and domestic LPG at Rs 272.19 per cylinder. Sundareshan refused to comment on the reason for the postponement of the EGoM.
Weekly Newsletter - Jan 2 2011
Well, the markets in India bid farewell to 2010 on a happy note. Overall, the last trading week of the year was pretty good, with the key indices posting solid gains. However, the advance came on low volumes, casting some doubts on the strength of the rally going forward. The start next week may be rangebound and choppy due to the New Year hangover. A few global markets may also remain shut for extended holiday.
But, the week will not be completely devoid of events. We will get the PMI data for both manufacturing as well as services from across the globe. Among the other important statistics to look for will be the monthly US jobs report, FOMC minutes, US factory orders, auto sales (India, US, Japan and China), US weekly jobless claims and Eurozone GDP data.
One should wait for a clear trend to emerge before taking a market-wide call early on in the new year. Keep an eye on the trend in FII fund flows and of course the overseas markets. Going forward in January, investors and traders will look forward to the latest quarterly earnings and the RBI's quarterly review. One should also keep an eye on the political developments ahead of the Budget session.
Food inflation spikes further...Fuel prices too rise
Annual rate of inflation in the sensitive Food Articles space increased anew in the third week of December, putting further pressure on policymakers to check the spiraling prices of essential food commodities. Inflation in the Food Articles group climbed to 14.44% in the week ended December 18 from 12.13% in the previous week, the Union Commerce & Industry said. This was the fourth instance of an increase in food inflation after easing for seven consecutive weeks. Inflation in the food articles space was at 21.29% in the year-ago period.
Yearly Newsletter - 2010
January 2010
Domestic News
Govt to miss April deadline on GST rollout
The UPA government’s proposed comprehensive indirect tax reform, goods and services tax (GST), will miss its scheduled rollout from April 1, 2010, a temporary setback to creation of a unified national market for goods and services in the country. "Because of the difficulties in passing the required constitutional amendment bill in the budget session , it will not be practical to introduce GST on April 1, 2010. New dates for GST implementation will be decided in April," Chairman of the Empowered Committee of State Finance Ministers and West Bengal finance minister Asim Dasgupta said. Dasgupta’s admission was a clear indication that the implementation of the new regime may be postponed by a year to April 1, 2011, as a number of states may not be willing for even a mid-year roll-out.
Saturday, January 01, 2011
2010 vs 2007
Key Debate:
Leading indices are approaching all-time peaks and very naturally investors are drawing comparisons with 2007. The market hit its all-time high in January 2008 before it plunged. Investors are worried the market may be heading the same way in 2011. What are the similarities or, more pertinently, the differences between 2007 and 2010?
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