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Thursday, March 24, 2011

Sensex up for third day, ends 145 points higher

It was a third straight day gains for markets owing to continuous buying in realty, auto and capital goods stocks coupled with supportive global cues
Major headlines

Food inflation rises to 10.05% versus 9.42%

JSW Steel raises offer price for Ispat

Godrej Household’s license to sell Kiwi terminated

BSE Bulk Deals to Watch - Mar 24 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
24/3/2011 517494 Accel Trans ACCEL LIMITED B 507918 19.70
24/3/2011 517494 Accel Trans NARAYANA PILLAI REGHOOTHAMA PANICKER S 507918 19.70

NSE Bulk Deals to Watch - Mar 24 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
24-MAR-2011,ACROPETAL,Acropetal Tech Ltd,BLUEDIAMOND SUPPLIERS PVT LTD,BUY,194792,84.15,-
24-MAR-2011,ACROPETAL,Acropetal Tech Ltd,BOOPATHY N,BUY,206584,85.86,-
24-MAR-2011,ACROPETAL,Acropetal Tech Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,645830,88.49,-

Nifty March 2011 futures at premium

Turnover plunges

Nifty March 2011 futures were at 5,550.70, at a premium of 28.30 points over spot closing of 5,522.40. Turnover in NSE's futures & options (F&O) segment plunged to Rs 99074.27 crore from Rs 124127.94 crore on Wednesday, 23 March 2011.

Asian markets edge up amid thin trades

Easing worries on the Japanese radiation front support sentiments

Asian markets edged up amid thin trades as traders eyed more clarity on the global macroeconomic front though the easing worries on the Japanese radiation front supported the sentiments today. US markets rose in overnight trades amid steady buying even as the sales of new homes in the U.S. plunged to a new record low in February, indicating that the housing market woes are far from over. The New home sales in the country came in at an annual rate of 250,000 in February, reflecting a 16.9 percent drop from the revised January figure of 301,000. The headline figure is now down 28% from the same month a year ago. Traders eyed the rebuilding efforts in Japan and the steady flow of liquidity, largely ignoring the poor state of US housing.

Nifty settles above 5,500

Sustained buying demand in index pivotals and positive global equities boosted the domestic bourses for the third straight day today, 24 March 2011. The BSE 30-share Sensex was up 144.58 points or 0.79%, up 81.42 points from the day's low and off 23.23 points from the day's high. The 50-unit S&P CNX Nifty attained its highest closing level since mid-March 2011 above the psychological 5,500 level. US index futures and European markets were trading firm after initial hiccup while Asian stocks settled higher. The BSE Sensex has jumped 511.69 points or 2.86% in three trading days from 17,839.05 on 21 March 2011.