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Tuesday, March 15, 2011
Sensex succumbs to global selloff…RIL shines
India managed to escape a sell-off on Monday but it could not do an encore on Tuesday as panic gripped world markets amid fears of Nuclear melt down in Japan. Still, the Indian markets put up a commendable performance in light of a world wide crash. The BSE Sensex and the NSE Nifty recovered smartly from their intra-day lows led by relentless buying in the index bellwether Reliance Industries. It was the only notable gainer in the index. Even in the Nifty only couple of stocks like Siemens and Sunpharma managed to buck the weak trend.
Nifty March 2011 futures below 5,500
Turnover surges
Nifty March 2011 futures were at 5,463, at a premium of 13.35 points over spot closing of 5,449.65. Turnover in NSE's futures & options (F&O) surged to Rs 162054.39 crore from Rs 100877.05 crore on Monday, 14 March 2011.
Grey Market Premiums - Mar 15 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Lovable Lingerie Ltd. | 195 to 205 | 37 to 40 |
| PTC India Financial Services | 26 to 28 | 1 to 1.50 |
| Muthoot Finance | -- | -- |
| SBI Bond | 10,000 | 300 to 305 |
Asian equities bleed on Japanese nuclear hazard
Stocks down steeply in Asia, Dow futures slump 200 points
Asian equities bled today with a massive sell off making it a out and out bearish session. The losses were led by the Japanese stocks, with the benchmark Nikkei Stock Average collapsing nearly 14% at a point in time as Japan's Prime Minister Kan said a “substantial amount” of radiation was leaking from a nuclear power plant affected by Friday's massive earthquake and tsunami. The DOW futures slid lower by 200 points and US dollar also stayed firm ahead of the US FOMC meet later on today. In overnight US markets, lack of any first tier economic data kept the sentiments steady and a intraday bounce was witnessed in the broad markets.
PTC India Financial Services IPO Analysis
PTC India Financial Services (PIFSL) is a non-banking financial institution promoted by PTC India to make principal investments in, and provide financing solutions for, companies with projects across the energy value chain. It provides both equity and debt financing, including short-term and long-term debt, as well as structured debt financing. With a focus on infrastructure development, it offers an integrated suite of services including provision financing to, and make investments in, private sector Indian companies in the power sector, including for power generation, equipment supply and fuel source projects. It is currently focused primarily on power generation projects in India. It also provides fee-based syndication and advisory services as well as carbon credit financing against certified emissions reduction (CER).
Sensex at 2-week low on Japan nuclear crisis
Bargain hunting and cooling oil prices triggered intraday recovery on the bourses after a sell-off at the onset of the trading session triggered by a worsening nuclear crisis in Japan. Intraday volatility was high. The BSE 30-share Sensex was down 271.84 points or 1.47%, up 247.09 points from the day's low and off 158.69 points from the day's high. The barometer index settled at 2-week closing low as world stocks fell after a steep slide in Japanese stocks caused by radiation leakage from a nuclear plant hit by Friday's (11 March 2011) earthquake and tsunami in that country. The market breadth was weak.
Advance Tax Numbers
Shah, Vikas (IND Int)
show details 11:21 AM (10 hours ago)
Advance Tax data:
SBI Rs 18.57bn v/s Rs 18.10bn,
DNBK Rs 300mn v/s Rs750mn,
ICICI Rs 3.5bn v/s Rs 2.5bn,
CBOI Rs 2.5bn,
KMB Rs 800mn v/s Rs 450mn,
BOB Rs 3bn v/s Rs 2.8bn,
UNBK Rs 1.85bn v/s Rs 3.53bn,
YES Rs 730mn v/s Rs 490mn,
BOI Rs 1bn v/s Rs 5.9mn,
RIL Rs 7.7bn v/s Rs 3.65bn,
TATA Rs 5.13bn v/s Rs 4.06bn,
LT Rs 2.7bn v/s Rs 2.75bn,
TCS pays Rs 1.78bn v/s Rs 530mn,
BJAUT Rs 1.77bn v/s Rs 600mn,
MM Rs 2.35bn v/s nil,
TTMT Rs 1.15bn v/s nil,
INFO Rs 2.5bn v/s Rs 1.25bn,
WLCO Rs 600mn v/s Rs 100mn,
SHTF Rs 1.39bn v/s Rs 740mn,
ACEM Rs 1.2bn v/s Rs 1.25bn,
ACC Rs 3.3bn v/s Rs 3.4bn,
CSTRL Rs 400mn v/s Rs 370mn,
IIFL Rs 200mn v/s Rs 70mn,
APNT Rs 600mn v/s Rs 430mn,
LPC Rs 250mn v/s Rs 680mn,
BJHI Rs 350mn v/s Rs 100mn,
SOTL Rs 150mn v/s 20mn,
SCI Rs 100mn v/s Rs 119mn,
Zee Rs 970mn v/s Rs 1.09bn,
ITC Rs 6.24bn,
HUVR Rs 1.7bn v/s Rs 1.3bn,
IDEA Rs 300mn,
SRCM Rs 820mn v/s Rs 460mn,
HNDL Rs 850mn v/s Rs 700mn
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