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Thursday, March 17, 2011
BSE Bulk Deals to Watch - Mar 17 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
17/3/2011 533330 ACROPET TEC HEMKANAK MERCANTILE PRIVATE LIMITED B 361249 112.80
17/3/2011 533330 ACROPET TEC NEWGEN INTERNATIONAL PVT LTD B 200000 122.72
NSE Bulk Deals to Watch - Mar 17 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
17-MAR-2011,ACROPETAL,Acropetal Tech Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,462292,110.98,-
17-MAR-2011,ACROPETAL,Acropetal Tech Ltd,FINANCECORP CAPITAL INDIA PRIVATE LIMITED,BUY,402694,114.38,-
Sensex sheds 1.1% on political uncertainty, RBI's rate hike
Fears of further monetary tightening by the central bank to tame high inflation, firm global crude oil prices and political uncertainty combined to pull the market lower in volatile trade. The BSE 30-share Sensex was down 208.82 points or 1.14% to 18,149.87, up 45.85 points from the day's low and off 204.40 points from the day's high. Nevertheless, the key benchmark indices cut intraday losses in late trade. Global cues were mixed with US index futures and European markets trading firm while Asian markets declined.
Markets expect a weak start; RBI’s policy eyed
Tata Steel plans Rs1,500-crore perpetual bond sale
TVS plans India's cheapest motorcycle
Jyothy Labs set to snap up Henkel India
Events for the day:
Major corporate action
RBI’s mid-quarter policy review will be out today
Ex-date for right issue of Central Bank of India
Market geared for weak opening on Japan nuclear worries; RBI policy eyed
Stocks are bracing for a weak start after world markets retreated as fears about the nuclear crisis in Japan deepened. Wall Street closed at its lowest level in 2011 on Wednesday on fears of a nuclear catastrophe in Japan while Asian markets were trading lower on Thursday, 17 March 2011. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 36.50 points at the opening bell. All eyes are on the Reserve Bank of India's (RBI) mid-quarter policy review. As per provisional figures, foreign funds sold shares worth Rs 134.52 crore and domestic funds bought shares worth Rs 326.72 crore on Wednesday, 16 March 2011.
Grey Market - PTC India Financial Services
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Lovable Lingerie Ltd. | 195 to 205 | 58 to 61 |
| PTC India Financial Services | 26 to 28 | 0.70 Paisa To 1 Rupees |
| Muthoot Finance | -- | -- |
| SBI Bond | 10,000 | 300 to 305 |
Daily News Roundup - Mar 17 2011
Tata Steel aims to raise as much as Rs15bn in the nation’s first sale of rupee perpetual bonds by a non-finance company. (BS)
LIC is in talks with the government to diversify risk by limiting its exposure to a single company to one-two per cent of the investment corpus. (BS)
IRDA is said to be examining the Reliance Life-Nippon deal. (BL)
Gap-down as worries radiate
"There is a great difference between worry and concern. A worried person sees a problem, and a concerned person solves a problem."- Harold Stephens.
Be prepared for another gap-down start, as global risk aversion mounts amid a multitude of problems. The earthquake-Tsunami stricken Japan is facing a potential nuclear crisis even as efforts are underway to mitigate the damage at the Fukushima Daiichi nuclear complex.
Sensex spurts on global bounce...Realty, Banking stocks rally
After being under pressure in the previous trading session, benchmark Indian stock indices managed to recover some of the lost ground. The Indian markets ended with smart gains ahead of the RBI's mid-quarter monitory policy review on Thursday.
Today’s rally was led by Banking stocks, with heavyweights like SBI, ICICI Bank and Axis Bank among the top gainers. Realty, Consumer Durables and PSU indices were among the other notable gainers.
Bullion metals manage to eke out gains
Strong dollar takes away some shine from them
Precious metal prices erased most of their earlier gains and ended marginally higher on Wednesday, 16 March 2011 at Comex. Prices erased gains as the dollar turned strong against its counterparts. Ongoing tensions in Middle East and US economic data also affected prices.
Crude ends modestly higher
Prices rise as crude witnesses less than expected rise in inventories
Oil prices ended modestly higher on Wednesday, 16 March 2011 at Nymex. Prices rose following the weekly inventory report from energy department and ongoing crisis at Middle East and Northern Africa. Strong dollar and fears of nuclear reaction at Japan dented the price rise. Prices also gave up some in tandem with slipping US stocks.
Copper rises for first time in six days
Prices rise on hopes of reconstruction needs in Japan
Copper prices ended substantially higher at Comex on Wednesday, 16 March 2011. Prices climbed for the first time in six days on expectation that reconstruction needs after Japan's largest quake on record will boost demand in three to six months. Prices had dropped in the last five sessions as US and world stock markets crashed considerably after fearing its worst nuclear catastrophe since Chernobyl nearly 25 years ago.
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