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Friday, January 14, 2011
Bears play havoc; Indices register 4% weekly loss
Markets suffered a long-term damage this week with key indices breaking crucial support levels. High inflation, Infosys' disappointing Q3 nos and fears of rate hike weighed
Major headlines for the week
November IIP at 2.7%
Inflation rises to 8.43% in December
Infosys Q3 results lag estimates; stock falls
HDFC Q3 net profit jumps 33%
Duty-free sugar imports extended till March 31
BSE Bulk Deals to Watch - Jan 14 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
14/1/2011 532114 Alchemist Rlty VARINDER PAL SINGH B 400000 11.75
14/1/2011 532114 Alchemist Rlty AMANDEEP S 400000 11.75
14/1/2011 590033 APW President RAJASTHAN GLOBAL SECURITIES LTD B 33594 182.45
14/1/2011 512535 Asahi Infra NARESH CHAND JAIN B 184683 11.57
14/1/2011 512535 Asahi Infra INDRAVARUN TRADE IMPEX PVT LTD B 725238 11.77
14/1/2011 512535 Asahi Infra NARESH CHAND JAIN S 184683 11.84
14/1/2011 512535 Asahi Infra INDRAVARUN TRADE IMPEX PVT LTD S 757447 11.21
14/1/2011 531568 Ashutosh Paper TARINI ENTERPRISES PRIVATE LIMITED B 45500 138.15
14/1/2011 532435 Asia HR Tech TELESYS SOFTWARE LTD S 50000 6.60
14/1/2011 531591 Bampsl Sec SURENDRA KUMAR GUPTA B 639300 3.08
14/1/2011 531591 Bampsl Sec BHAIJEE PORTFOLIO LTD. S 573063 3.09
14/1/2011 509499 Centron Indl BIMAL RAMNIK MEHTA B 15000 18.50
14/1/2011 533272 Commercial Engineers INDIA MAX INVESTMENT FUND LIMITED B 1128000 45.00
14/1/2011 533272 Commercial Engineers LEGG MASON ASSET MANAGEMENT ASIA PTE LTD AC THE COX KINGS OVERS S 1127880 45.00
14/1/2011 530755 Coral News KAILASH CHANDRA B 48500 7.53
14/1/2011 530755 Coral News ENAAM SECURITIES S 41000 7.50
14/1/2011 526705 Elegant Marb RAXA MAYUR PARIKH B 74000 49.90
14/1/2011 526705 Elegant Marb MAYUR RAJENDRABHAI PARIKH B 67000 49.90
14/1/2011 526705 Elegant Marb SOHAM PIYUSHKUMAR AVLANI S 156550 49.79
14/1/2011 530579 Golden Sec GEMINI VINIMAY PRIVATE LIMITED B 20000 19.36
14/1/2011 530579 Golden Sec SAROJ AGARWAL S 15000 19.37
14/1/2011 500467 Harrisons Maly CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 132240 90.50
14/1/2011 500467 Harrisons Maly CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 132240 90.17
14/1/2011 530887 Incap Financial NAILESH SWARUPCHAND MEHTA B 25000 17.15
14/1/2011 530887 Incap Financial ABHAY DATTATRAY JAVLEKAR S 54824 17.15
14/1/2011 524826 Jupiter Biosc TRANS FINANCIAL RESOURCES LIMITED B 232005 34.66
14/1/2011 524826 Jupiter Biosc TRANS FINANCIAL RESOURCES LIMITED S 134376 34.95
14/1/2011 524826 Jupiter Biosc SPARROW INDIA DIVERSIFIED OPPORTUNITIES FUND I S 200000 34.00
14/1/2011 531778 Kachchh Mnrl BHARTI P DAVDA S 29700 10.00
14/1/2011 530255 KAY Power KAUSHALAYA GARG B 102100 18.30
14/1/2011 532067 Kilpest India KRUNAL CHANDRAKANT PARMAR B 43311 20.04
14/1/2011 532067 Kilpest India JMP SECURITIES PVT LTD B 40000 20.25
14/1/2011 532067 Kilpest India KRUNAL CHANDRAKANT PARMAR S 38412 20.09
14/1/2011 532067 Kilpest India LAXMIKANT RAMPRASAD KABRA S 38603 20.25
14/1/2011 511000 Madhusudan Sec SOUTH YARRA HOLDINGS B 27150 62.97
14/1/2011 517467 Marsons NANDESHWAR FINTRADE PVT LTD B 100000 21.64
14/1/2011 524683 Metrochem Inds MAIDEN TRADEFIN PVT LTD B 161586 51.00
14/1/2011 524683 Metrochem Inds ANILKUMAR MITHALAL JAIN S 70360 51.00
14/1/2011 524683 Metrochem Inds RITUDEVI ANILKUMAR JAIN S 88126 51.00
14/1/2011 533100 PREMIER ENER SURYA CORPORATION S 117803 38.21
14/1/2011 503873 Priyadarshini Spn DATTATHRI DOMAKONDA B 72000 120.11
14/1/2011 532866 Quintegra Sol SAINATH HERBAL CARE MARKETING PRIVATE LIMITED S 191575 10.25
14/1/2011 530923 RCL FOODS HARISH KUMAR SINGHVI S 30000 31.48
14/1/2011 521182 Seasons Furn CAMPHAR SECURITIES AND ADVISORY PRIVATE LIMITED B 103936 7.49
14/1/2011 521182 Seasons Furn RAKESH KUMAR JAIN S 100000 7.50
14/1/2011 531794 Seshachal Tech PADALA DEVENDER BABU B 50000 7.80
14/1/2011 531794 Seshachal Tech NAVMEE SECURITIES PRIVATE LIMITED S 58185 7.82
14/1/2011 532793 Shree Ashtavina JMP SECURITIES PVT LTD B 19059743 5.09
14/1/2011 532793 Shree Ashtavina JMP SECURITIES PVT LTD S 18954743 5.35
14/1/2011 532793 Shree Ashtavina SHIVSHAKTI FINANCIAL SERVICES PRIVATE LIMITED S 14389360 4.86
14/1/2011 532793 Shree Ashtavina SECURITIES TRADING CORPORATION OF INDIA LTD S 4814000 4.86
14/1/2011 532793 Shree Ashtavina SECURITIES TRADING CORPORATION OF INDIA LTD S 7500000 4.86
14/1/2011 532793 Shree Ashtavina BP FINTRADE PRIVATE LIMITED S 4825563 5.34
14/1/2011 513515 SR Inds LUXMI NARAIN GOEL B 99500 6.64
14/1/2011 513515 SR Inds PRIDE PROPERTIES PRIVATE LTD S 100000 6.64
14/1/2011 590111 Vaishnavi Gold VINAY JAIN B 40000 21.58
14/1/2011 590111 Vaishnavi Gold ABHI CAPITAL SERVICES LIMITED S 40000 21.37
14/1/2011 531574 VAS Infra SONAL HEMANT BHANDARI S 105752 64.85
14/1/2011 512279 Visisth Merc REKHA N SHARMA B 19000 212.78
14/1/2011 512279 Visisth Merc RAMLAL HIRALAL TANWAR B 30000 211.05
14/1/2011 512279 Visisth Merc PARITOSH TRADING PRIVATE LIMITED S 22450 213.34
* B - Buy, S - Sell
NSE Bulk Deals to Watch - Jan 14 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
14-JAN-2011,AMTEKAUTO,AmtekAuto-Roll Sett,AXIS BANK LIMITED,BUY,1200000,123.49,-
14-JAN-2011,CANFINHOME,Can Fin Homes Ltd,RAJEN CHANDRAKANT SHARE A/C,BUY,109888,122.16,-
14-JAN-2011,HARRMALAYA,Harrisons Malayalam Ltd,AJAY,BUY,140148,90.69,-
14-JAN-2011,HARRMALAYA,Harrisons Malayalam Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,132240,90.08,-
Turnover soars
Nifty January 2011 futures below 5650
Nifty January 2011 futures were at 5,645.25, at a discount of 9.30 points compared to spot closing of 5,654.55. Turnover in NSE's futures & options (F&O) segment jumped to Rs 210495.14 crore from Rs 152571.83 crore on Thursday, 13 January 2011.
Reliance Industries January 2011 futures were near spot price at 998.50 compared with spot closing of 998.10.
Disappointing Infy results, rate-hike worries spook market
The market tumbled amid high volatility as disappointing Q3 results from IT bellwether Infosys Technologies added to investor gloom over the prospect of tighter monetary policy. The barometer index BSE Sensex fell below the psychological 19,000 mark and the 50-unit S&P CNX Nifty fell below 5,700 level.
Key corporate results to dictate near-term trend
Earnings from some top Indian firms are in focus after the barometer index BSE Sensex tumbled to 4-month low on Friday, 14 January 2011. High volatility has been the order of the day, which has spooked traders. The market sentiment has been weak due to fears of aggressive interest rate rise in 2011.
Post Market Review - Jan 14 2011
After putting on nearly 1.5% intraday, benchmark indices nosedived a hefty 3% from the highest point of the day to finish the day and the week deep in the red. Sensex lost 322 points to close at 18860 while Nifty finished at 5654, down 97 points. Realty, Banking, Metal and Auto stocks led the fall while IT stocks closed strong. SAIL tanked 6.4% on the back of reporting disappointing set of quarterly earnings announced yesterday after market hours. For the week, both the benchmark indices closed with mammoth cuts of 4.2% each. All the BSE sectoral indices finished in red on weekly basis with Capital Goods and Realty indices plunging the most, down 5.4% and 5.1% respectively. Inflation for the month of December came in at 8.43% compared to 7.48% for the previous month. European markets were trading lower by about half a percent while US stock indices futures were little changed ahead of data on retail sales, industrial production and consumer confidence.
Sensex settles below 19,000; Nifty below 5,700
The key benchmark indices slumped to four-month lows as European stocks fell and as US index futures edged lower after China's central bank raised lenders' reserve requirements by 50 basis points. Wild intraday swings were the order of the day. Increase in inflation in December 2010 reinforced fears of a rate hike by the Reserve Bank of India (RBI) at a policy review on 25 January 2011, with bank stocks tumbling in choppy trade. Interest rate sensitive auto and realty stocks, too, edged lower. The barometer index BSE Sensex fell below the psychological 19,000 mark and the 50-unit S&P CNX Nifty fell below 5,700 level. The market has declined in eight out of the last nine trading sessions.
Grey Market Premiums - Jan 14 2011
C. Mahendra Export 95 to 110 3 to 4
Mid Valley Enter 64 to 70 2 to 2.50
Go fly a kite instead
Don't ignore the small things - the kite flies because of its tail. - Hawaiian Proverb.
The festival of kites is here but the Indian stock indices seem to be in no mood to rise, as headwinds seem to be outweighing the tailwinds. Inflation, FII selling, hardening interest rates, tight liquidity, policy stalemate and pressure on external account are among the key pressure points. And, the market is reflecting mounting worries on all these fronts and more. As if the macro-economic concerns were not enough, we received somewhat disappointing numbers from IT major Infosys.
Daily News Roundup - Jan 14 2011
IOC enter into an agreement with Nuclear Power Co-operation to set up power plants across the country. (ET)
Indian Hotels to open 43 new hotels in next four years. (ET)
Maruti to hike vehicle prices next week to offset higher input costs. (BL)
JSW Steel may increase its product prices by 3%. (BL)
Sensex sinks...IT, Banks hammered
After a strong pull back in the previous trading session, bulls were unable to maintain the momentum. However, the NSE Nifty managed to end above the 5750 levels thanks to some buying seen in the Realty stocks.
Markets to fall at start; Inflation nos eyed
The Indian markets are set to start the session on a negative note mirroring unsupportive global markets; the inflation numbers for December 2010 will be in focus
Headlines for the day:
IL&FS to control Maytas Properties
Britannia forays into breakfast food category
Union Bank to market its first Swiss Franc-denominated debt
Bullion metals end in a mixed mode
Gold inches up but silver retreats considerably
Precious metals ended in a mixed mode on Thursday, 13 January 2011 at Comex. Yellow metal prices inched up as the dollar retreated considerably. But silver prices ended with losses. Prices stayed weak earlier in the day as most of the pressure in the European region regarding concerns over sovereign debt problems eased.
Market may extend recent losses on weak Asian stocks; inflation data eyed
The key benchmark indices may extend recent losses tracking weak Asian markets. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a fall of 6.50 points at the opening bell. Housing Development Finance Corporation (HDFC) announces Q3 result today, 14 January 2011.
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