Daily Market Reports - Mar 23 2011
India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Tuesday, March 22, 2011
BSE Bulk Deals to Watch - Mar 22 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
22/3/2011 533330 ACROPET TEC VIJETA BROKING INDIA PRIVATE LIMITED B 234544 133.30
22/3/2011 533330 ACROPET TEC HEMKANAK MERCANTILE PRIVATE LIMITED B 684701 139.33
22/3/2011 533330 ACROPET TEC BASMATI SECURITIES PRIVATE LIMITED B 677848 114.38
NSE Bulk Deals to Watch - Mar 22 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
22-MAR-2011,ACROPETAL,Acropetal Tech Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,238865,128.65,-
22-MAR-2011,ACROPETAL,Acropetal Tech Ltd,AJAY ASSET MANAGEMENT PRIVATE LIMITED,BUY,213431,125.35,-
Markets on a uphill after 3-day fall
Major headlines
Lanco Infratech turns biggest private power firm
Jyothy Laboratories rises on buying Diamond Fabcare
Coal India hits 52-week high on price hike
Asian equities surge on continued buying support
Japan equities log massive gains, sentiments positive across regional markets
Asian equities surged today on continued buying support as the dollar dropped and Japanese stocks marched higher impressively, lifting the sentiments for equities around the region. Traders are looking beyond the Japanese tragedy now and Libyan worries have also been brushed aside. Yesterday, in its semi-annual East Asia and Pacific Economic Update, the World Bank nudged up its 2011 growth forecasts for the regional economies and said that the big picture was that the fight against inflation would weigh on economies from China to Malaysia. While Japan would suffer short-term economic damage from the disaster earlier this month, its impact on the broader region was likely to be limited, it said in a supplementary note to its report.
Market snaps three-day falling trend as Govt tables key reform bills
Bargain hunting in index pivotals after three straight days of slide and fall in crude oil prices drove the key benchmark indices higher. The government's move to table the banking sector amendment bill and the Constitution Amendment Bill to facilitate implementation of Goods and Services Tax (GST) -- a major indirect tax reform, also aided recovery. The Sensex was up 149.25 points or 0.84%, off 53.08 points from the day's high and up 109.50 points from the day's low. The barometer index settled below the psychological 18,000 mark after flirting with that level in intraday trade.
Grey Market Premium - Mar 22 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Lovable Lingerie Ltd. | 205 (Upper Price Band) | 58 (Seller) |
| PTC India Financial Services | 26 to 28 | 0.75 to 1 (Discount) |
| SHILPI Cable | 65 to 69 | 4 to 5 |
| SBI Bond | 10,000 | 375 to 380 |
Market seen opening firm on positive global cues
The market is headed for a steady start tracking firmness in global equities. US stocks rallied on Monday, 21 March 2011 with the Dow Jones Industries Average topping 12,000 mark buoyed by corporate mergers and Asian markets edged higher on Tuesday, 22 March 2011, on signs that Japan - the world's third largest economy - may be closer to stabilizing the nuclear crisis at its earthquake-hit plant. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 4.50 points at the opening bell. However, uncertainty prevailing on the crisis in the Middle East and North Africa region and high oil prices may weigh on the sentiment.
Gap-up opening likely on positive global cues
The domestic markets are expected to resume the session on a positive note following strong global cues. Rising crude oil prices continue to be a major concern
Headlines for the day:
Essar to seal deal with Royal Dutch Shell for Stanlow refinery
Emami still in race for Henkel India
Educomp Solutions bags Maharashtra govt project for ICT
Summer of discontent
Restlessness and discontent are the first necessities of progress – Edison.
It’s a ‘summer of discontent’ out there for the Indian market. FIIs seem less inclined to resume their shopping spree here, inflation remains elevated and policy making is in the doldrums. In addition, we have had to grapple with a couple of big ‘overseas blows’ in the form of the Japanese calamity and the MENA turmoil.
Daily News Roundup - Mar 22 2011
Coal India’s 77 projects having a production capacity of almost 185mn tonnes have been cleared by the government and are under different phases of completion. (ET)
NHPC's 2,000MW Subansiri project in Assam is likely to be delayed by at least two years due to resistance from locals. (ET)
Sensex drifts lower in insipid trade
It was a dull start to the week for the Indian equity markets on Monday. After two straight sessions of selling, the Indian markets ended on a flat note amid choppy trades. FII selling in the past couple of sessions, coupled with the threat of inflation and hardening interest rates could be among the pressure points that are keeping investors in India on tenterhooks.
Subscribe to:
Posts (Atom)