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Monday, April 04, 2011
Sensex tops 19,700...Nifty pierces 5900
After taking a breather in the previous trading session, the Indian stock market began the week with a bang, well supported by rising global equities and FII inflows. The NSE Nifty closed above the 5900 levels for the first time in almost three months. The BSE Sensex ended above 19,700 on the back of all-round buying across sectors and is inching closer to the 20,000 milestone.
Capital Goods, IT, Auto and Banking stocks were among the major gainers. The BSE Mid-Cap and the BSE Small-Cap indexes outperformed the benchmark indices as traders seek value in outside the main indices.
BSE Bulk Deals to Watch - Apr 4 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
4/4/2011 530027 Aadi Inds SOMESH HEMANDAS MULANI B 50000 20.10
4/4/2011 526347 ACCLAIM IND VIRAL JAYANT FURIA S 25000 29.66
4/4/2011 512344 Aravali Sec RAKESHKUMAR MANGILAL RANKA (HUF) S 162605 17.42
4/4/2011 512535 Asahi Infra BLUEDIAMOND SUPPLIERS PVT LTD B 196765 11.91
NSE Bulk Deals to Watch - Apr 4 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
04-APR-2011,APTECHT,Aptech Limited,SARAVANA STOCKS PRIVATE LIMITED,BUY,500000,104.00,-
04-APR-2011,ARSSINFRA,ARSS Infra Proj. Ltd,SARAVANA STOCKS INVT. P LTD.,BUY,90000,539.00,-
04-APR-2011,ATLANTA,Atlanta Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,461241,119.23,-
04-APR-2011,BEDMUTHA,Bedmutha Indust Ltd,KHAKHKHAR BHAVISH DHIRAJLAL,BUY,168824,134.90,-
Nifty closes near 3-month high, crosses 5900
The Indian markets moved higher all through the day on the back of consistent inflow of funds from FIIs, with the Nifty crossing the 5900 mark.
Major headlines
BHEL rallies on strong provisional FY11 numbers
RCom, DB Realty, Unitech slip on 2G scam charges
Cairn-Vedanta deal may get nod on Wednesday
Sensex jumps 10.4% in 10 trading sessions on revival of FII inflow
Investors cheered India's emphatic win over Sri Lanka to clinch 2011 Cricket World Cup title over the weekend, sending the key benchmark indices to 3-month highs. Higher auto and cement sales in March 2011, recent strong macroeconomic data and expectations of a normal monsoon this year, aided the rally. Revival of inflow from foreign institutional investors (FIIs) has also boosted sentiment. The BSE 30-share Sensex jumped 281.34 points or 1.45%, up close to 250 points from the day's low and off close to 30 points from the day's high. Today's rally on the domestic bourses was quite broad-based. The market breadth was strong.
Daily News Roundup - Apr 4 2011
Wipro buys part of SAIC IT business for US$150mn. (ET)
Hindalco raised Rs78.8bn in debt for a greenfield aluminium smelter plant at Mahan, Madhya Pradesh. (ET)
Communications ministry obtained a stay on the 2008 merger between Idea Cellular and Spice Communications from the Delhi High Court. (ET)
Sensex snaps 8-day rally...Small-Caps, Mid-Caps shine
The key Indian stock indices ended in the red on Friday, snapping an eight-day winning streak as traders took some profit ahead of the weekend. The BSE Sensex and the NSE Nifty cooled off after the Nifty hit a high of 5860 in the early trades. From there on, the key indices were stuck in a narrow trading range and were unable to find a specific direction throughout the day. In contrast, the broader market indices did really well after under-performing the Large-Cap peers in the past several sessions.
That victorious feeling!
"Victory has a thousand fathers, but defeat is an orphan." John Fitzgerald Kennedy quotes.
The Indian cricket team has attained World Cup glory again after over two decades. It was a splendid team effort indeed and a proud moment to cherish for years to come. The Indian stock market too has been in terrific form in the past two weeks, thanks largely to strong FII inflows. But there might be some cooling as Brent oil trades near $120 a barrel. Nymex is hovering around $110.
Market seen opening firm on upbeat global cues
The market is likely to open on a firm note on positive global cues. Positive US jobs data boosted Asian markets. But, the rise in crude oil prices may cap gains in Indian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 15 points at the opening bell.
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