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Wednesday, March 23, 2011
BSE Bulk Deals to Watch - Mar 23 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
23/3/2011 533330 ACROPET TEC RKSV SECURITIES INDIA PRIVATE LIMITED B 431325 100.83
23/3/2011 533330 ACROPET TEC H P SHARE SHOPPE B 238401 99.01
23/3/2011 533330 ACROPET TEC GROOVE FINANCE AND INVESTMENT PRIVATE LIMITED B 283019 100.33
NSE Bulk Deals to Watch - Mar 23 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
23-MAR-2011,ACROPETAL,Acropetal Tech Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,1275737,99.83,-
23-MAR-2011,ACROPETAL,Acropetal Tech Ltd,FINANCECORP CAPITAL INDIA PRIVATE LIMITED,BUY,451034,100.50,-
Asian markets edge up amid steady trades
Most indices manage to hold their recent gains; Japanese stocks pare some of the latest gains
Asian markets ended mixed though most of the indices managed to hold their recent gains with Japan being the notable exception. Weak closing on Wall Street in the previous session and rising crude oil prices in the international market amidst geopolitical tensions in Libya impacted market sentiment. Commodities remained strong even as the US dollar came off its five-month lows against the Euro.
Sensex regains 18,000 as heavyweights rise
The key benchmark indices logged decent gains, extending Tuesday's advance, on firm global cues. Index heavyweights -- ICICI Bank, Reliance Industries, Infosys Technologies and ITC led the rally. The market sentiment was positive after billionaire investor and international investment icon Warren Buffett on Tuesday, 22 March 2011, said he is looking forward to using the enormous cash pile of flagship firm Berkshire Hathaway to acquire companies in India. The sentiment was also boosted by the government tabling two key reforms bills in parliament on Tuesday, 22 March 2011. The BSE 30-share Sensex was up 217.86 points or 1.21% to 18,206.16, up 255.99 points from the day's low and off 12.12 points from the day's high.
Markets continue strong run; Sensex gains 218 pts
Again it turned out to be a strong day for markets led by sustained buying in heavyweights and sectors
Major headlines
Sugar shares rise on export clearance
Wockhardt gets stay on winding up order from Bombay High Court
Bank of Maharashtra rises as members approve preferential issue
HOT! - Broker Updates - Mar 23 2011
| Company | Actions |
| ABAN OFFSHORE | Target Px decreased to 665 by Prabhudas |
| ADANI ENTERPRISE | Target Px decreased to 645 by UBS |
| ADANI POWER LTD | Target Px decreased to 125 by Citi |
| ADHUNIK METALIKS | Target Px decreased to 156 by Equirus |
| APOLLO HOSPITALS | Target Px increased to 590 by JPMorga |
| ASHOK LEYLAND | Target Px decreased to 70 by IIFL |
| ASIAN PAINTS LTD | Target Px decreased to 2763 by Citi |
| BATA INDIA LTD | Coverage Initiated at Buy by Microsec C |
| BGR ENERGY SYS | Target Px decreased to 600 by JM Financ |
| BHARAT PETROL | Coverage Initiated at Buy by ICICIdirect |
| BHARTI AIRTEL | Target Px decreased to 420 by Goldman Sa |
| BHARTI AIRTEL | Upgraded to Outperform by Macquarie, TgP |
| BHUSHAN STEEL | Target Px increased to 435 by Alchemy Re |
| COAL INDIA LTD | Coverage Initiated at Outperform by Dai |
| DB CORP LTD | Coverage Initiated at Reduce by Elara Secu |
| DIVI LABS LTD | Upgraded to Buy by Karvy Stock Broking L |
| GAIL INDIA LTD | Target Px increased to 562 by Morgan St |
| GREAT OFFSHORE L | Target Px decreased to 320 by Prabhud |
| GUJARAT GAS CO | Downgraded to Neutral by Equirus Securi |
| HAVELLS INDIA | Coverage Initiated at Buy by Motilal Osw |
| HCL TECH LTD | Target Px increased to 550 by Motilal Osw |
| HINDALCO INDS | Target Px increased to 237 by Systematix |
| HINDUSTAN PETRO | Coverage Initiated at Buy by ICICIdire |
| HINDUSTAN ZINC | Target Px decreased to 145 by Fortune E |
| HT MEDIA LTD | Coverage Initiated at Reduce by Elara Sec |
| ICICI BANK LTD | Upgraded to Overwt/In-Line by Morgan St |
| IDEA CELLULAR | Target Px decreased to 77 by Goldman Sac |
| IDEA CELLULAR | Target Px increased to 46 by Macquarie |
| INDIAN OIL CORP | Coverage Initiated at Buy by ICICIdire |
| INFOSYS TECH LTD | Upgraded to Buy by Sushil Finance Con |
| INFOTECH ENT | Downgraded to Sell by IDBI Capital Market |
| JAGRAN PRAKASHAN | Coverage Initiated at Buy by Elara Se |
| JINDAL STEEL & P | Target Px decreased to 938 by Macquar |
| JSW STEEL LTD | Target Px decreased to 1350 by Ambit Cap |
| JYOTHY LABORATOR | Target Px decreased to 244 by ICICIdi |
| JYOTHY LABORATOR | Upgraded to Buy by Way2Wealth Brokers |
| JYOTI STRUCTURES | Coverage Initiated at Buy by Asit C M |
| KEC INTL LTD | Coverage Initiated at Buy by Asit C Mehta |
| KPIT CUMMINS INF | Coverage Initiated at Buy by MSFL Res |
| MONNET ISPAT & E | Target Px decreased to 602 by Alchemy |
| MPHASIS LTD | Target Px decreased to 450 by Motilal Oswa |
| MUNDRA PORT | Target Px decreased to 180 by UBS |
| NATIONAL ALUMIN | Target Px decreased to 81.25 by JPMorg |
| NATIONAL ALUMIN | Target Px decreased to 107.75 by Morga |
| NATIONAL ALUMIN | Target Px increased to 431 by Morgan S |
| OIL & NATURAL GA | Downgraded to Add by IIFL, TgPx |
| ORIENT PAPER | Target Px increased to 75 by Centrum Brok |
| PERSISTENT SYS | Upgraded to Overweight by HSBC, TgPx |
| PIDILITE INDS | Coverage Initiated at Buy by Shah Invest |
| PIDILITE INDS | Target Px increased to 165 by Batlivala |
| PRAKASH INDS LTD | Target Px decreased to 132 by Alchemy |
| PTC INDIA LTD | Coverage Initiated at Buy by Sharekhan L |
| RANBAXY LABS LTD | Target Px decreased to 425 by Elara S |
| RELIANCE COMMUNI | Target Px decreased to 115 by Goldman |
| RELIANCE COMMUNI | Target Px decreased to 122 by HSBC |
| RELIANCE INDS | Target Px decreased to 1212 by JM Financ |
| SESA GOA LTD | Coverage Initiated at Hold by Tata Securi |
| SHREE RENUKA SUG | Upgraded to Buy by JM Financial Insti |
| STEEL AUTHORITY | Target Px decreased to 140 by Alchemy |
| STRIDES ARCOLAB | Coverage Initiated at Buy by ICICIdire |
| SUZLON ENERGY | Upgraded to Buy by JM Financial Institut |
| SYNDICATE BANK | Target Px increased to 137 by ICICIdire |
| TATA COMMUNICATI | Upgraded to Buy by BNP Paribas Securi |
| TATA COMMUNICATI | Upgraded to Neutral by HSBC, TgPx |
| TITAN INDS LTD | Target Px increased to 3876 by Emkay Sh |
| TITAN INDS LTD | Target Px increased to 4923 by Standard |
| TITAN INDS LTD | Target Px decreased to 3762 by Emkay Sh |
| UNITECH LTD | Upgraded to Overweight by JPMorgan, TgPx |
| UNITED BREWERIES | Coverage Initiated at Outperform by C |
| VARDHMAN TEXTILE | Coverage Initiated at Add by ICICIdir |
2011 Stock Picks - Performance ?
25% of the year is almost over ... How are your Top Stock Picks of 2011 doing ?
Here are the top picks by DP visitors - see yourself how they have done!
http://deadpresident.blogspot.com/2010/12/top-stock-picks-for-2011.html
Precious metals manage to eke out gains
Prices fluctuate between red and green for entire day
Precious metal prices rose for fifth straight day on Tuesday, 22 March 2011 at Comex. Prices kept oscillating between red and green for entire day. Prices went up as tensions in Middle East, especially in Libya continued luring investors towards precious metals as an alternate safe mode of investment. Prices also rose due to weak economic data and as the dollar stayed weak before recovering partly later in the day.
Crude rises again
Prices pare early losses as Libyan crisis deteriorates
Oil prices ended shot up once again and ended higher on Tuesday, 22 March 2011 at Nymex. The Middle East and North Africa crisis and Japan's earthquake has pushed up both crude prices in recent times. Traders continued to monitor the developments closely for the entire day.
On Tuesday, crude oil futures for light sweet crude for April delivery closed higher by $1.67 (1.6%) at $104/barrel. During intra day trading, prices fell modestly lower. Last week, prices closed lower by a mere 0.1%.
Grey Market Premiums - Mar 23 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Lovable Lingerie Ltd. | 205 (Upper Price Band) | 55 to 57 |
| PTC India Financial Services | 26 to 28 | 0.75 to 1 (Discount) |
| SHILPI Cable | 65 to 69 | 3 to 4 |
| SBI Bond | 10,000 | 390 to 395 |
Markets may see a lower start
The key benchmark indices head towards a negative opening on account of weak global markets.
Headlines for the day:
Mundra Port to develop coal import terminal at Vizag
Tata Steel in talks to buy coal mines in western Canada
Aditya Birla, China's Yanzhou eye Australian coal miner
Daily News Roundup - Mar 23 2011
Tata Steel has initiated talks with the government of British Columbia, a Canadian province, to acquire coking coal mines. (BS)
Tata Power has announced a partnership with Australia’s Sunengy for executing a solar power project in India this year. (ET)
China's Yanzhou Coal Mining Co and India's Aditya Birla Group are among parties preparing to submit second-round bids for Australian coal miner Whitehaven Coal, which is seeking offers of more than US$3.5bn. (BS)
Sensex snaps 3-day losing streak...Nifty tops 5400
After three successive days of selling and underperformance, the Indian markets staged a smart comeback on Tuesday amid strong cues from the international equity markets. Wall Street enjoyed a really good trading session last night amid growing optimism about the state of the US economy. European stocks also extended gains overnight and today. Earlier, the Asian markets ended with smart gains. The Nikkei in Tokyo rose by 4.4% after Monday's break.
Watch your steps!
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over. - Warren Buffett.
The Sage of Omaha is in India finally and feels he should have come here earlier. Better late than never as the legendary investor says. He has also confirmed that India fits into his scheme of things as a large investment destination.
With the market in a state of flux one ought to try and take smaller bets and stick to quality to avoid getting caught on the wrong foot. We are staring at a lower opening due to indecisive global cues and trepidation over the ongoing turmoil in the MENA. Japan’s nuclear issues and Europe’s debt troubles are among the other major pressure points that one is grappling with as of now.
Market seen subdued in opening trade
The market is bracing for negative start on a rally in oil prices. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 27.50 points at the opening bell. Billionaire investor Warren Buffett who is in his first visit to India said on Tuesday that he hopes to spend some money in India.
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