Search Now


Thursday, March 31, 2011

Persistent Systems

Persistent Systems

India Telecom Sector

India Telecom Sector

Crompton Greaves

Crompton Greaves

Corporation Bank

Corporation Bank

Markets up for 8th day on last day of FY11

Markets head upwards for the eight consecutive day and close the last session of the FY11 on a strong note amid volatile trade

Major headlines

Food inflation softens to 9.5% versus 10.05%

Tata Tele soars as Docomo plans investment

High Court refuses to stay MoEF order; HCC falls 4%

BSE Bulk Deals to Watch - Mar 31 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
31/3/2011 533330 ACROPET TEC PIYUSH T KOTHARI B 345124 64.62

NSE Bulk Deals to Watch - Mar 31 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
31-MAR-2011,ACROPETAL,Acropetal Tech Ltd,AJAY,BUY,205620,66.38,-
31-MAR-2011,ACROPETAL,Acropetal Tech Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,656149,67.49,-

Sensex jumps 9% in 8 days; up 10.9% in FY 2011

Celebrations galore as Team India's dazzling victory over the arch rivals Pakistan in a thrilling semi-final on Wednesday to enter the World Cup 2011 finals was followed by a continued rally on the Indian bourses. The key benchmark indices scored strong gains in highly volatile trade to remain unbeaten for eight straight session of trade and settled at 2-1/2 months highs. The BSE 30-share Sensex was up 155.04 points or 0.80% to 19,445.22, up 160.87 points from the day's low and off 129.94 points from the day's high. The market breadth, indicating the health of the market, turned positive in late trade, having swung between positive and negative zone in intraday trade. The Sensex has jumped 1,606.17 points or 9% in eight trading days from its close of 17,839.05 on 21 March 2011, with revival of foreign fund inflows boosting sentiments.

Grey Market Premiums - Mar 31 2011

Company Name

Offer Price





65 to 69

6 to 6.50

Precious metals glitter

Precious metals end losing streak

Precious metal prices ended substantially higher on Wednesday, 30 March 2011 at Comex. Prices went up after staying somber for quite a few sessions. Traders were back as precious metals had dropped from their all time highs. Continuing Mid East and North African crisis together with euro zone debt problems increased the appeal of precious metals against an alternate investment. Prices rose despite a strong dollar.

Crude ends lower

Prices drop as inventories rise more than expected

Oil prices ended lower on Wednesday, 30 March 2011 at Nymex. Prices dropped as energy department reported more than expected build up in crude inventories for last week. A strong dollar also impacted prices.

F&O expiry to add volatility

Firm global cues are likely to trigger a positive start on the Indian bourses. However, a rise in crude oil prices and profit booking after a seven-day rally may cap upside. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 10.50 points at the opening bell. Volatility may remain high as derivative contracts for the near-month March 2011 series are set for expiry today, 31 March 2011. The near term major trigger for the market is Q4 March 2011 results which will start trickling in from about mid-April 2011.

Markets may open in green

Headlines for the day:

SBI's OP Bhatt against freeing up of savings rate

iGate open offer for Patni to begin April 8

Andhra HC tells Satyam to pay Rs 350 crore to CBDT

Daily News Roundup - Mar 31 2011

Sebi clears Sesa Goa open offer for Cairn India. (ET)

Central Bureau of Investigation is likely to chargesheet three officials of ADAG and Unitech senior executives. (ET)

Hindalco signs an agreement to borrow Rs78.75bn in loan. (ET)

Power play on expiry

"He who controls others may be powerful, but he who has mastered himself is mightier still" - Lao Tzu.

The ‘Men in Blue’ have mastered themselves and are just a match short of holding aloft the coveted World Cup trophy. The Indian market too is exhibiting euphoria of sorts with the key indices advancing for seven straight sessions. It has been mostly a Large-Cap rally, fueled by renewed traction in FII inflows. The juggernaut may roll on for a while till the FIIs turn off the money taps.

Sensex on 7th heaven...Realty & Banks shine

The Indian market extended the recent rally to a seventh successive trading session on Wednesday amid strong cues from the international equity markets and robust FII inflows. Also, the much-awaited technical breakout above the 200-DMA this week seems to have sparked further buying. F&O indicators have also improved, with the bears having to cover their shorts ahead of the settlement on Thursday.

Divi's Labs

Divi's Labs

SGX Nifty Live Update - Mar 31 2011

5,816.50 +3.50



Development Credit Bank

Development Credit Bank

Glenmark Pharma

Glenmark Pharma

Media Sector

Media Sector



BSE Bulk Deals to Watch - Mar 30 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
30/3/2011 531897 Accentia Tech-$ INFINA FINANCE PRIVATE LIMITED B 75000 97.63
30/3/2011 531897 Accentia Tech-$ SHARAD SHAH S 100000 98.00
30/3/2011 533330 ACROPET TEC ALEXURE SECURITIES PVT LTD B 490000 68.25

NSE Bulk Deals to Watch - Mar 30 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-MAR-2011,ACROPETAL,Acropetal Tech Ltd,AJAY,BUY,271867,61.67,-
30-MAR-2011,ACROPETAL,Acropetal Tech Ltd,ALEXURE SECURITIES PVT LTD,BUY,490000,68.20,-
30-MAR-2011,ACROPETAL,Acropetal Tech Ltd,AMRUT SECURITIES LIMITED,BUY,257897,62.90,-
30-MAR-2011,ACROPETAL,Acropetal Tech Ltd,BASMATI SECURITIES PVT LTD,BUY,300000,68.20,-

Sensex up for 7th day, closes 169 points higher

Major headlines

DB Realty continues to surge, up 19%

Paper stocks soar on AP Paper deal

Dr Reddy’s acquires US penicillin facility

Indian indices

The unstoppable rally continued for the seventh successive session on account of positive global cues and robust FII inflows. The Nifty touched the 5800 mark in an intraday trade for the first time since January 25 but closed below that level.
SBI, Titan Industries, Tata Coffee, Acropetal Tech, L&T, Reliance Industries and ICICI Bank were the most active shares on the exchanges. BSE Midcap up 1.5% and Smallcap up 2.2% indices outperformed the Sensex.

In the Midcap space, IVRCL Assets, JM Financial, Kirloskar Oil and IL&FS Transport were the gainers. However, Parsvnath, Sunteck Realty, KGN Industries, Bombay Rayon and Puravankara Projects were the losers.
In the Smallcap space, Smartlink Network and Lloyds Metals rallied. However, R M Mohite, Fame India, Modern India, Falcon Tyres and Rollatainers fell.

Firm global cues supported the Sensex to start the session 58 points higher at 19179 and also its day’s low. The index moved upwards and hit the day’s high of 19357 in early afternoon session. However from the level, the Sensex trimmed gains as some selling pressure was seen in FMCG stocks. The Sensex rose 169 points to settle at 19290 and the Nifty stood at 5788, up by 51 points.

Market sentiment

The market breadth stood strong as advancing stocks were up over two times against declines. Of the 2,951 stocks traded on the BSE, 2,057 surged while 801 fell. Whereas, 93 stocks remained unchanged.

Viewing volumes

India's second largest real estate developer - Unitech was traded the most, with over 0.55 crore shares changing hands on the BSE. It was followed by a construction company - Hindustan Construction Company (0.39 crore shares), realty major - D B Realty (0.38 crore shares), India's largest public sector hydroelectric power producer - NHPC (0.36 crore shares) and an industrial finance company - IFCI (0.28 crore shares).

Sectoral & stock screening

All the sectoral indices closed the trade on a positive note except BSE FMCG down 0.38%. Top three sectoral gainers - BSE Consumer Durables (CD) advanced by 3.98%, BSE Realty gained by 3.14% and BSE Healthcare (HC) up by 1.95%.

In 'A' group stocks, top three gainers - D B Realty shot up by 18.79%, Shree Cement rose by 9.34% and Ambuja Cements surged by 8.19%. Top three losers - Hindustan Zinc fell by 3.03%, Tech Mahindra lost by 2.46% and Petronet LNG declined by 2.36%.

Global signals

European shares hit a three-week high on Wednesday, with investors positioned for positive US ADP National Employment data, while miners gained on hopes that the global economy is recovering.

All the Asian markets closed on a positive note on Wednesday except Shanghai Composite that fell by 0.07%.

A rise in US stock index futures signal positive opening on the Wall Street today (Wednesday).

Market Outlook: ADP Employment Change data will be released today in the US.

Nifty April 2011 futures above 5800

Turnover drops

Nifty March 2011 futures were at 5,813.25, at a premium of 25.60 points over spot closing of 5,787.65. Nifty April 2011 futures were at 5,852.05, at a premium of 64.40 points over spot closing of 5,787.65.

Sensex, Nifty extend rally for seventh session; settle at 2-1/2-month highs

The key benchmark indices extended their winning streak for the seventh straight session of trade to attain 2-1/2-month closing high as world stocks rose. The sentiment was also boosted by revival in foreign equity inflows. Hopes for improved relations between India and Pakistan aided the rally. The BSE 30-share Sensex was up 169.38 points or 0.89% to 19,290.18, up 111.41 points from the day's low and off 66.92 points from the day's high. The barometer index BSE Sensex has jumped 1451.13 points or 8.13% in seven trading days from its close of 17,839.05 on 21 March 2011.

Indian Media

Indian Media

Shoppers Stop

Shoppers Stop

Educomp Solutions Limited

Educomp Solutions Limited