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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.

Trading Calls - Jan 3 2011

Trading Calls - Jan 3 2011

Grey Market Premiums - Jan 3 2011

Company Name

Offer Price




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.

SGX Nifty Live Update - Jan 3 2011

6,178.00 +14.00