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Thursday, March 31, 2011
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 FINANCECORP CAPITAL INDIA PRIVATE LIMITED B 856362 65.66
31/3/2011 533330 ACROPET TEC PIYUSH T KOTHARI B 345124 64.62
31/3/2011 533330 ACROPET TEC GROOVE FINANCE AND INVESTMENT PRIVATE LIMITED B 563806 65.23
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,-
31-MAR-2011,ACROPETAL,Acropetal Tech Ltd,FINANCECORP CAPITAL INDIA PRIVATE LIMITED,BUY,1068426,64.90,-
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 (Rs.) | Premium (Rs.) |
| SHILPI Cable | 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.
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.
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