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Monday, February 07, 2011
BSE Bulk Deals to Watch - Feb 7 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
7/2/2011 521131 Anjani Fabrics TARAPORWALA FAREDUN HOMI B 58600 55.74
7/2/2011 521131 Anjani Fabrics TARAPORWALA FAREDUN HOMI S 58600 54.05
7/2/2011 531937 Beckons Inds TEJING DALPATBHAI PATEL B 591446 2.94
NSE Bulk Deals to Watch - Feb 7 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
07-FEB-2011,BFINVEST,BF Investment Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,292548,118.81,-
07-FEB-2011,BFUTILITIE,BF Utilities Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,206075,817.43,-
Dull session ends flat on selective buying
The Indian markets shut the lacklustre session on a flat note owing to select buying by funds and late profit booking
Major headlines
JSW Steel crude steel production rises 9% in January
Allied Digital plunges 20% on IT survey
Shipping Corporation of India Q3 net profit surges 41% yoy
Indian indices
It was a sedate start to the week. The key benchmark indices witnessed a rangebound trade amid volatility and closed on a flat note with a positive bias. Lack of conviction among investors led to quiet session. Select buying by funds and also late profit booking eroded early gains. The broader market underperformed the Sensex.
Among the largecap space, Suzlon Energy, Hero Honda, ITC, Jaiprakash Associates and DLF ended with handsome gains of 2-3%. While, Punjab National Bank, Cipla, Ranbaxy Laboratories, Wipro and Housing Development Finance Corporation lost in the range of 2-3%. Tata Motors, Tata Steel and State Bank of India were most active securities.
The Sensex began the session higher by 127 points at 18135. Index traded rangebound all throughout the morning session and remained in the green zone. In the afternoon session, the Sensex started to build gains and hit the day’s high of 18181. However in last hour of the trade, the index witnessed volatility and hit the day’s low of 17977.
The Sensex managed to end the session higher by 29 points at 18037 and the Nifty remained unchanged at 5396.
Market sentiment
The market breadth was negative as declining stocks outnumbered the gaining ones. Out of the 2,948 stocks traded on the BSE, 1,138 rose while 1,662 fell. Whereas, 148 stocks remained unchanged.
Sectoral & stock screening
Of the 13 sectoral indices on the BSE, nine rallied while the rest four posted losses. BSE Realty was the best performer, shot up by 2.05%, followed by the BSE Fast Moving Consumer Goods (FMCG) up by 1.40% and BSE Oil & Gas gained by 0.89%. Rest of the gaining sectors were up in the range of 0.50% to 0.56%. On the other hand, BSE Healthcare (HC) and BSE Consumer Durables (CD) were down by 1.41% and 1.40% respectively while BSE Capital Goods (CG) fell by 1.06%.
Among 'A' group stocks, the top gainers were - Welspun Corp surged by 4.96%, Havells India rose by 4.92% and Sintex Industries gained by 4.39%. Top losers were - Sun TV Network slid by 11.45%, Central Bank of India down by 5.51% and Thermax dipped by 3.98%.
Viewing volumes
Wind turbine major - Suzlon Energy was traded the most with over 1.02 crore shares changing hands on the BSE. India’s second largest developer - Unitech (0.47 crore shares), industrial finance company - IFCI (0.37 crore shares), Indian media company - Sun TV Network (0.29 crore shares) and India’s leading infrastructure firm - IVRCL Infrastructure (0.28 crore shares).
Global signals
European shares neared a two-and-a-half year high, extending previous session’s rise, on the back of Asian and US markets gains, with surging mining stocks led higher by a dividend-raising Randgold Resources.
All the major Asian indices ended the session higher, except Jakarta Composite and Straits Times. China’s Shanghai Composite was closed today.
The US stock index futures point to a higher opening on the Wall Street on the hopes that economic growth accelerates.
Firm global stocks help Sensex recover from 5-month low; breadth weak
Trading for the week began on a positive note as the Sensex registered small gains in a volatile trading session. Gains in European stocks and a slide in crude oil prices to one-week low triggered bargain hunting in some blue chips after the Sensex hit 5-month low on Friday, 4 February 2011. US index futures were in green. The BSE 30-share Sensex was up 29.04 points or 0.16%, up close to 60 points from the day's low and off close to 140 points from the day's high. The market breadth was weak, in contrast with strong breadth earlier in the day.
Market seen opening higher on positive global cues
The market may edge higher in opening trade on positive cues from global markets. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 2.50 points at the opening bell. In US, the Standard and Poor's 500 index scaled its highest level since June 2008 after the unemployment rate unexpectedly dropped. Asian markets were trading firm.
Daily News Roundup - Feb 7 2011
Oil ministry to ask Cairn India to accept its position in a lawsuit over sharing of profits in the Cairn-operated Ravva oil and gas fields as a precondition to approve the US$9.6bn Cairn-Vedanta deal. (ET)
Unitech stalls HNI move to sell shares, repays Rs1.78bn loan ahead of February 22 deadline. (ET)
BP Plc is in talks with Reliance Industries to buy a significant stake in the D6 hydrocarbon block in the Krishna-Godavari basin. (Mint)
DLF plans to appeal in the Supreme Court against a Punjab & Haryana High Court order to demolish properties on a land owned by it in Gurgaon. (ET)
Hindustan Unilever plans to launch its first fruitbased drink under the Kissan brand. (ET)
The Prime Minister’s office has recommended NTPC and Reliance Power should jointly mine adjacent coal blocks in Jharkhand to help them extract about 200mn tons of additional coal. (ET)
Siemens sells its 8-acre land parcel in Bangalore for Rs3.8bn to realty developer RMZ Corporation. (ET)
Government nod for the Cairn-Vedanta deal will take more time with the ministry of petroleum and natural gas conveying pre-conditions for an approval to the companies. (BS)
RCom and Bharti, have approached the government seeking to prematurely exit from the rural telephony scheme under the USO subsidy without fulfilling the commitment they had made by winning bids in 2007 to provide telecom services in villages. (BL)
Mozambique has awarded Jindal Steel & Power a 25-year licence to explore and mine for coal in the northwest Tete province, in return for a US$180mn investment. (DNA)
Bank of Baroda increased the minimum lending rate by 50bps to 9.5% and the BPLR by 50bps to 13.8%. (ET)
Hindustan Unilever says there could be further price hikes in its products as input costs particularly that of commodities continue to rise. (FE)
Lakshmi Vilas Bank plans to dilute 40% equity to raise Rs3.5bn from a share sale to boost its capital and raise lending. (ET)
Indian Overseas Bank plans to launch a financial services subsidiary in FY12, besides setting up exclusive branches to give gold loans. (ET)
Karur Vysya Bank increased its base rate by 50 basis points to 10%. (BS)
GMR and GVK may go to the appellate tribunal to appeal against the Airport Economic Regulatory Authority’s recent order to regulate airport revenues. (ET)
Fortis Healthcare is restructuring across its 53 hospitals in India to bring in more efficiency and re-organise the management structure. (BS)
NMDC to spend less than US$100mn to acquire 51% stake in the two mines in Australia. (BS)
Radico Khaitan says it may finalise some international marketing tie-ups to bring a few iconic brands in the country within a few months. (BL)
Fortis to invest Rs10bn for adding 12 new hospitals. (BL)
NMDC will increase ore prices for domestic steel makers from the current level of about US$140/tonne for the April-June 2011 quarter in tandem with the rise in ore prices globally. (BL)
Hinduja Group is in talks with Italian construction company Pessina Construzioni to develop four real estate projects, costing US$2bn in India. (FE)
Shree Ashtavinayak is joining hands with LFS Global for a multi-billion dollar project to build India’s largest film city near Mumbai. (ET)
Economy Snippets
Inflation serious threat to growth: PM. (ET)
Foreign exchange reserves fell US$223mn to US$299bn for the week ended January 28. (ET)
Centre has sent the empowered committee of state finance ministers yet another draft constitutional amendment on the proposed GST. (BS)
Employees Provident Fund Organization has no real surplus, says CAG. (BS)
Fertilizer companies see no under recoveries under the new nutrient based subsidy policy, which will complete one year in April. (BS)
Shipping ministry plans to set-up a new port regulatory body, and cease the operations of Tariff Authority for Major Ports and allow all ports-both minor and major-to fix their own tariffs. (DNA)
The IT industry has sought extension of tax benefits under STPI and simplification of the tax structure to encourage investments in the sector. (ET)
Sensex sinks anew...Nifty closes below 5400
After staging a strong comeback in the previous trading session, the Indian markets were unable to carry on the momentum amid lack of follow-up buying. Traders and investors preferred to exit their positions ahead of the advanced annual GDP numbers to be announced on Monday.
No peace as yet!
Peace of mind is that mental condition in which you have accepted the worst. - Lin Yutang
The world seems to be embracing riskier assets, in other words- equities. Even Egypt's investors are said to be gearing for a rally in their market. But India seems to be in a battered club for quite a while. The worst may not be over and investors will hope to forget the Friday fright which saw the main indices tumbling mercilessly.
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