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Tuesday, January 11, 2011

Markets end flat amid highly volatile session

The Indian markets witnessed an extremely volatile trade and shut the session on a flat note with a negative bias, with realty, IT among major losers.

Major headlines

iGate’s open offer for Patni to start on March 4

HCL Technologies advances on Credit Suisse upgrade

Bharati Shipyard slips on order cancellation report

BSE Bulk Deals to Watch - Jan 11 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
11/1/2011 530513 Accurate Trans HARISH CHERUKURI B 37000 104.15
11/1/2011 530513 Accurate Trans ABHI CAPITAL SERVICES LIMITED S 15998 103.55

NSE Bulk Deals to Watch - Jan 11 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks

Mixed outing for Asian stocks

Overnight cues cap buying, investors seek more cues on European front

Asian markets ended mixed as the US dollar came off its four-month lows and commodities edged marginally upwards. The overnight cues were negative though and the buying enthusiasm was mostly curbed as investors sought out more clarity on the Euro zone debt issues. US stocks continued to turn lower as investors took a wait-and-see approach ahead of the unofficial kickoff of earnings season after the close. Marking its third straight session of declines, the Dow dropped 37.31 points, or 0.3%, to 11,637.45.

RIL, Infy slide in volatile market

Key benchmark indices edged lower in a choppy trade to hit six-week closing lows. The market sentiment was edgy due to recent heavy selling by foreign funds and on continued worries the central bank may hike interest rates to tame inflation. The BSE 30-share Sensex was down 27.78 points or 0.14%, up close to 190 points from the day's low and off close to 240 points from the day's high. The market breadth was weak, having swung between positive and negative zone throughout the day. European stocks rose. Most Asian stocks edged higher.

Grey Market Premiums - Jan 11 2011

Company Name

Offer Price




Shekhawati Poly Yarn

30 (Fixed Price)

+/- 1.50 to 2

C. Mahendra Export

95 to 110

3 to 4

Mid Valley Enter

64 to 70

6 to 7

Daily News Roundup - Jan 11 2011

iGate has acquired ~63% stake in Patni Computer Systems for US$1.22bn. (ET)

Tata Steel plans to raise Rs35bn-50bn via follow-on public offer (FPO). (BS)

Tell me why?

Human reason is like a drunken man on horseback; set it up on one side, and it tumbles over on the other - Luther.

Nothing unexpectedly earthshaking has happened in recent times but the bulls are feeling the earth move below their feet. FIIs seem to be increasing their withdrawals after pumping in a record US $29bn last year. The only thing that seems to be adding up is fears of inflation.

Monday Mayhem...Nifty plunges to 3-week low

As if Friday's ferocious slide was not enough, the bulls got yet another jolt at the start of the new week on Monday that too on another heavy volume day. So quite clearly, the bulls continue to be under tremendous pressure as FIIs slowly take some profit off the table after last year's solid gains.

Markets may see a flat opening

The start on the Dalal Street is expected to be flat tracking mixed Asian cues. With the markets being in the oversold territory, it is expected to bounce back a bit

Headlines for the day

Tata Steel set to raise Rs3,500-5,000 crore via FPO

R-Power, NTPC sign solar energy deal

MMTC disinvestment in 2011-12; sets up office in South Africa

Bullion metals end their losing streak

Prices register modest gains as dollar weakens

Precious metals ended their four-day losing streak and ended higher on Monday, 10 January 2011 at Comex. Prices rose as the dollar fell and sovereign problems in Europe re-emerged.

Crude heads up

Prices rise due to concerns over supply disruptions

Crude prices ended higher on Monday, 10 January 2011 at Nymex. Prices rose due to a weak dollar and concerns over supply disruptions due to a leakage discovered at Trans-Alaska pipeline.

Market seen halting five-day decline

The market is likely to open flat to slightly higher if trading of S&P CNX Nifty futures on the Singapore stock exchange is any indication. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a gain of 13 points at the opening bell. However, fears of hike in interest rates, recent selling by foreign funds and rising worries over Portugal's economic health may dampen sentiment.

Quarterly Earnings Preview - Jan 11 2011

Quarterly Earnings Preview - Jan 11 2011

Kajaria Ceramics

Kajaria Ceramics

Allahabad Bank

Allahabad Bank

IRB Infrastructure Developers

IRB Infrastructure Developers

Blue Star

Blue Star

Weekly Wrap Up - Jan 11 2011

Weekly Wrap Up - Jan 11 2011

Earnings Preview - Jan 11 2011

Earnings Preview - Jan 11 2011



Daily Newsletters - Jan 11 2011

Daily Newsletters - Jan 11 2011

SGX Nifty Live Update - Jan 11 2011

5,768.00 +11.00

India Strategy, Idea Cellular

India Strategy, Idea Cellular