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Friday, January 28, 2011
BSE Bulk Deals to Watch - Jan 28 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
28/1/2011 533296 Agre Developers BP FINTRADE PRIVATE LIMITED B 78193 56.20
28/1/2011 533296 Agre Developers BP FINTRADE PRIVATE LIMITED S 94560 56.40
28/1/2011 521131 Anjani Fabrics PATEL KAPILABEN SOMABHAI B 62184 55.12
NSE Bulk Deals to Watch - Jan 28 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-JAN-2011,AGRE,Agre Developers Ltd,BP FINTRADE PRIVATE LIMITED,BUY,135751,56.52,-
28-JAN-2011,AGRE,Agre Developers Ltd,SVS SECURITIES PVT. LTD.,BUY,86894,56.65,-
28-JAN-2011,CANFINHOME,Can Fin Homes Ltd,RAJEN CHANDRAKANT SHARE A/C,BUY,194377,125.03,-
Markets end in deep red; Sensex down 288 points
The Indian markets witnessed a bloodbath led by heavy sell-off across the board, with the Sensex closing 288 points lower
Major headlines
Bank of Baroda Q3 net profit rises 28.5% yoy
Crompton Greaves Q3 consolidated net profit up 16% yoy
Bharat Electronics Q3 net profit dips 24% yoy
Earning reports fail to drive stocks considerably higher
Economic data for the day paint a mixed picture
It was quite a lackluster day at Wall street on Thursday, 27 January 2011. The day was heavy with economic and earning reports. Though earnings surpassed expectation in most cases, the economic data checked in mixed in nature. While pharmaceutical and technology companies beat estimates, the FMCG sector bore the brunt of higher input costs. The indices traded within narrow band for most part of the day and Dow slipped in the red for a very brief period. Nevertheless, at the end, all three major indices ended higher with the Nasdaq leading the way.
Market slides to 4-1/2-month low as RBI hikes rates
The key benchmark indices tumbled to 4-1/2-month lows, weighed by concerns of further interest rate hike on high inflation and fears of slowing corporate earnings. Selling by foreign funds this month has also dampened sentiment. The BSE Small and Mid-cap indices underperformed the Sensex. The mood was bearish with the market logging declines in three out of 4 trading sessions in the week ended Friday, 28 January 2011. The market was closed on Wednesday, 26 January 2011 on account of Republic Day.
Market may extend losses; next batch of Q3 results eyed
Concerns about high inflation, rising interest rates and fears of slowing corporate earnings may continue to weigh on the bourses in the near term. If stocks continue to slide, short-term hot money flows from foreign funds may reverse, which may put further pressure on share prices. According to technical analysts, the near-term outlook is weak with the 50-unit S&P CNX Nifty having fallen below a key support level of 5,600. The Nifty lost 3.23% and the barometer index Sensex lost 3.22% in the week ended Friday, 28 January 2011.
Sensex sheds 1.5% in broad-based decline
The key benchmark indices hit 4-1/2-month closing lows, sliding for the third straight day, as data showing heavy selling by foreign funds on Thursday, 27 January 2011, and fears of more rate hikes from the Reserve Bank of India to tame inflation, weighed on the sentiment. The BSE 30-share Sensex was down 288.46 points or 1.54%, off close to 340 points from the day's high and up close to 160 points from the day's low. The market breadth was weak.
Daily News Roundup - Jan 28 2011
The promoters of Cipla, India’s second-largest drug maker by sales, are in negotiations to sell their stake to a global buyer. (ET)
L&T may sell stake in its infotech subsidiary after failing to turn it into a bigger business. (ET)
ONGC has discovered shale gas at the Barren Measure shale, at Icchapur, near Durgapur, West Bengal. (BL)
The stress continues
Reality is the leading cause of stress amongst those in touch with it. - Jane Wagner.
As expected, a late F&O related sell-off dragged the Nifty below the psychological 200-DMA mark. Looks like the start today could be on a subdued note. A lot of technical levels are doing the rounds – which tends to happen when the market is weak or even in a rally mode.
Sensex slumps...Nifty ends below 200DMA
After remaining relatively calm through most of the day the Indian markets caved in during the last one hour, forming a Sanctum of bears. Heavy selling was seen across the board with the NSE Nifty nose-diving below its 200 DMA and the BSE Sensex cracking by almost 300 points.
The weakness was accentuated by the F&O expiry as traders seemed to rollover their short positions to the next month’s series amid persistent uncertainty over the near-term prospects for the Indian markets. The Nifty and the Sensex fell by about 8% each during the January series.
Weak Asian cues to drag markets lower at start
The Indian indices are expected to open on a negative note on account of weak Asian cues. ONGC, Bank of Baroda, Uco Bank will declare quarterly results
Headlines for the day:
Lavasa gets six weeks to submit details sought by MoEF
JSW Steel renews focus on value added steel
ONGC finds shale gas in Bengal
Precious metals turn extremely pale
Gold slips to four month lows while silver pares early gains
Precious metals ended the day in a weak mode on Thursday, 27 January 2011 at Comex. Gold prices surprisingly slipped to four month low levels even as economic data pained a mixed picture of the economy and also as the dollar lost grounds.
Market may extend recent losses on weak Asian stocks; HDFC Bank eyed
The market may extend recent losses on weak Asian stocks. The recent heavy selling by foreign funds may also dampen sentiment. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a fall of 22.50 points at the opening bell. Among prominent results, ONGC announces Q3 result today.
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