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Friday, March 18, 2011

Broker Actions - Mar 18 2011




Target Px increased to 82 by LKP Shar


Coverage Initiated at Neutral/neutral


Target Px decreased to 426 by MSFL Research


Target Px decreased to 114.839 by Cit


Target Px increased to 455 by Execution N


Target Px increased to 3010 by Citi


Target Px decreased to 229 by BNP Pariba


Upgraded to Buy by Sharekhan Ltd, TgP


Coverage Initiated at Buy by Prabhudas L


Downgraded to Sell by Fortune Equity


Target Px decreased to 1650 by UBS


Coverage Initiated at Buy/Neutral by Gol


Target Px decreased to 350 by ICICI Secur


Downgraded to Hold by KR Choksey Shares &


Target Px decreased to 86 by BNP Parib


Target Px increased to 75 by JM Financi


Coverage Initiated at Buy by Ambit Cap


Coverage Initiated at Buy by Ambit Capit


Coverage Initiated at Accumulate by AK


Target Px increased to 985 by Citi

Power Utilities

Power Utilities

Max India

Max India

Jubilant Lifesciences

Jubilant Lifesciences

BSE Bulk Deals to Watch - Mar 18 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
18/3/2011 517494 Accel Trans PORINJUV VELIYATH B 58869 18.35
18/3/2011 533330 ACROPET TEC GREATFINTRADEPVTLTD B 257100 126.91
18/3/2011 533330 ACROPET TEC S V ENTERPRISES B 363874 120.62

NSE Bulk Deals to Watch - Mar 18 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
18-MAR-2011,ACROPETAL,Acropetal Tech Ltd,BASMATI SECURITIES PVT LTD,BUY,105173,119.86,-
18-MAR-2011,ACROPETAL,Acropetal Tech Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,1657719,124.84,-

Market slips as rising crude oil, Japan nuke crisis play spoilsport

The market declined last week on concerns over developments in Japan and its impact on the global recovery. The key benchmark indices, which attempted to edge higher in the beginning of the week, gave up gains as the Reserve bank of India's 25 basis point hike in key rates put pressure on the market. Even the marginal fall in weekly food inflation numbers for the first week of March was ignored by investors.

Market likely to remain subdued on political uncertainties, rising crude prices

The market is likely to exhibit weakness in the forthcoming week on rising political uncertainties and a spurt in crude oil prices. Activity of the domestic and foreign funds will determine the market trend. Also impact of the massive earthquake and tsunami, that struck the World's third largest economy - Japan on 11 March 2011, on the global economy and the developments from the Middle East will be closely watched.

Sensex settles below 18,000 as RIL drops over 4%

The key benchmark indices edged lower, extending Thursday's decline, on rising political uncertainties and a spurt in crude oil prices. Notwithstanding a firm start, the barometer index had slipped below the psychological 18,000 mark in mid-morning trade. Intraday volatility was high. European equities, US index futures and Asian markets edged higher following a decision of the G-7 leaders to intervene in the currency markets to curb the yen's rise. The BSE 30-share Sensex was down 271.06 points or 1.49% to 17,878.81, off 380.8 points from the day's high. The index had declined 1.14% on Thursday on fears of further monetary tightening by the central bank to tame high inflation.

PTC India Financial Services Final Subscription Figures

Qualified Institutional Buyers (QIBs) 2.85
Non Institutional Investors 0.22
Retail Individual Investors (RIIs) 1.18

Grey Market Premiums - Mar 18 2011

Company Name

Offer Price




Lovable Lingerie Ltd.


(Upper Price Band)

58 to 61

PTC India Financial Services

26 to 28

0.70 Paisa To 1 Rupees

Muthoot Finance



SBI Bond


300 to 305

Market Insight - Mar 18 2011

Market Insight - Mar 18 2011

Strong global cues may lift markets at start

Headlines for the day:
RIL, GAIL, Andhra IPPs sign gas swap agreements
GE Healthcare to invest another $50 million in India
FinMin approves 9.5% interest on PF deposits for FY'11
Events for the day:

Major corporate action

PTC India Financial Services IPO closes today
Equity shares of Dhunseri Investments to be listed today
Monotona Securities board to consider bonus issue

Reliance Industries - Japan Impact

Reliance Industries - Japan Impact

Daily Technical Report - Mar 18 2011

Daily Technical Report - Mar 18 2011

Reliance Industries, India Cements, TCS

Reliance Industries, India Cements, TCS

Telecom Sector - Mar 18 2011

Telecom Sector - Mar 18 2011

Daily News Roundup - Mar 18 2011

Reliance Infra has bagged an order worth Rs72bn from Reliance Power. (ET)

Bharti Airtel is likely to buy Indian wireless broadband business of Qualcomm. (ET)

Ranbaxy to outsource two BP drugs to Troikaa Pharma. (ET)

Centre may revoke allocation of 31 coal blocks held by Tata Steel, NTPC, JSW Steel & 21 others for failing to make required progress several years after allotment. (ET)

Sensex sinks as RBI tightens…Nifty below 5450

The Indian market resumed its downtrend, with the main stock indices closing near the low point of the day, after the RBI hiked rates by 25 bps and raised its inflation estimate amid persistent worries over the global uncertainties.

The RBI increased the repo rate and the reverse repo rate by a quarter point to 6.75% and 5.75%, respectively. It also increased the estimate of inflation for the current fiscal year to ~8% from a previous forecast of 7%.

Changing colours…green at start

The purest and most thoughtful minds are those which love colour the most. - John Ruskin.

Investors have been starting at the colour Red on their screen for some time now. Although the market appears to be in doldrums owing to a whole host of global problems the start today will be in the green. There could be some cooling later on though after FIIs turned out to be big sellers on Thursday. The latest RBI hike, sticky inflation and relentless political drama in New Delhi might weigh on the sentiment as well.

Base metals register good gains

Copper rises for second straight day

Copper prices ended substantially higher for second straight day at Comex on Thursday, 17 March 2011. Prices had climbed up for the first time in six days yesterday on expectation that reconstruction needs after Japan's largest quake on record will boost demand in three to six months. Prices had dropped before that as US and world stock markets crashed considerably after fearing its worst nuclear catastrophe since Chernobyl nearly 25 years ago.

Mixed finish for precious metals

Gold rises but silver slips

Precious metal prices witnessed mixed finish on Thursday, 17 March 2011 at Comex. Gold prices went up but silver closed lower despite opening the day in the black. Weak dollar and inflation data supported gold prices.

Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of other currencies and also vice versa. But bullion metals have registered increase in prices despite strong dollar in recent times and vice versa.

Crude shoots up

Natural gas also witnesses sharp rise

Oil prices shot up on Thursday, 17 March 2011 at Nymex. Prices rose in tandem with US stocks and riding on the back of economic data and weak dollar.

On Thursday, crude oil futures for light sweet crude for April delivery closed higher by $2.92 (3%) at $100.89/barrel. Last week, prices closed lower by 3.1%.

SGX Nifty Live Update - Mar 18 2011

5,491.50 +12.50

Havells India, Infinite Computer Solutions

Havells India, Infinite Computer Solutions

India Telecom Subscribers

India Telecom Subscribers

PTC India Financial Services - IPO Note

PTC India Financial Services - IPO Note

Daily Market Outlook, Daily Technicals - Mar 18 2011

Daily Market Outlook, Daily Technicals - Mar 18 2011

Exide Industries

Exide Industries