Markets gain strength to end in green

The Indian markets moved between positive and negative terrain throughout the day and closed the session with moderate gains

Major headlines

IDBI Bank FY11 consolidated net profit at Rs1,564 crore

Zee Entertainment soars after posting good results

Pipavav Shipyard spurts 9% on stake sale buzz

BSE Bulk Deals to Watch - Apr 20 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
19/4/2011 524412 Aarey Drugs VARDHAMAN CHANDMAL SHAH B 30000 22.95
19/4/2011 524412 Aarey Drugs VIPUL PANNALAL SHAH S 28996 22.95
19/4/2011 531678 Anand Credit BRIJESH ASHOKBHAI HALARI S 57750 6.13

NSE Bulk Deals to Watch - Apr 20 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
19-APR-2011,ACROPETAL,Acropetal Tech Ltd,INDRAVARUN TRADE IMPEX PVT LTD,BUY,196733,44.72,-
19-APR-2011,ATLANTA,Atlanta Limited,BLUEDIAMOND SUPPLIERS PVT LTD,BUY,451380,130.44,-

Paramount Printpackaging

Preposterous price

Offers shares at P/E of 50 times when peers trade at 5 times

Paramount Printpackaging, promoted by members of the Sukhadia family, is in the business of a wide range of folding box cartons, which is complemented by print finishes such as stamping, embossing, complex varnishing and security features. To have a competitive advantage it has set up its own pre-press and ink matching centre. It caters to over 100 clients in various sectors such as FMCG, pharma, electricals, auto ancillary and food and beverages.

Sensex, Nifty rebound from 3-week lows as IMD forecasts normal rains

Hopes that the India Meteorological Department (IMD) will predict normal rains this year helped the key benchmark indices end in positive territory today, 19 April 2011. As expected, the IMD after trading hours forecast normal rains this year. The BSE 30-share Sensex advanced 30.66 points or 0.16%, up close to 146 points from the day's low and off close to 80 points from the day's high. A slide in crude oil prices and gains in European stocks aided intraday recovery on the domestic bourses after the key benchmark indices -- the barometer BSE Sensex and the 50-unit S&P CNX Nifty hit 3-week low earlier in the day. Trading was volatile throughout the session.