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Thursday, June 09, 2011
Markets ends flat in see-saw trade
Directionless markets close the session on a flat note amid low volumes. The Sensex down by 9 points and the Nifty down by 6 points.
Major headlines
Food inflation at 9.01% versus 8.06%
India’s May car sales slowest in 2 years
HCL Infosystems, MTNL dip on CBI action in CWG scam
BSE Bulk Deals to Watch - June 9 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
9/6/2011 533412 AANJANEYA GENUINE STOCK BROKERS PVT. LTD. B 65724 327.12
9/6/2011 533412 AANJANEYA CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 331308 328.53
9/6/2011 533412 AANJANEYA A K G SECURITIES AND CONSULTANCY LTD B 225889 327.89
9/6/2011 533412 AANJANEYA CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED B 69231 326.92
9/6/2011 533412 AANJANEYA MONA SHAH B 100000 329.73
9/6/2011 533412 AANJANEYA AMAR HARSHADBHAI PATEL B 92586 324.31
9/6/2011 533412 AANJANEYA AMAR HARSHADBHAI PATEL S 92586 328.49
9/6/2011 533412 AANJANEYA CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED S 69231 327.81
NSE Bulk Deals to Watch - June 9 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
09-JUN-2011,AANJANEYA,Aanjaneya Lifecare Ltd,AMAR HARSHADBHAI PATEL,BUY,152740,330.01,-
09-JUN-2011,AANJANEYA,Aanjaneya Lifecare Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,64859,327.95,-
09-JUN-2011,AANJANEYA,Aanjaneya Lifecare Ltd,CPR CAPITAL SERVICES LTD.,BUY,63141,328.40,-
Growth worries rattle Asian stocks
Crude bounces, risk appetite struggling to sprout
Asian markets ended mostly lower today though some gains emerged in Japanese stocks on bargain hunting after the latest spate of losses. The risk appetite continued to be affected on US growth worries after the US Beige Book report described the pace of growth as "modest," in line with Federal Reserve Chairman Ben Bernanke's acknowledgment Tuesday that growth was slowing. WTI Crude oil bounded back above $100 per barrel as OPEC kept its output levels unaltered and signs that the monetary tightening activity in emerging Asia would hold on its course in coming months is keeping buyers aside. In the overnight trades, the US stocks in red for sixth consecutive session on economic worries and the Dow dropped 21.87 points, or 0.18% to close at 12,048.94 points.
Market slides for the second straight day
The key benchmark indices registered small losses in a lacklustre trading session. The market fell for the second straight day today, 9 June 2011. Index heavyweights Reliance Industries (RIL) trimmed intraday gains. The BSE Sensex was down 9.39 points or 0.05%, up close to 60 points from the day's low and off close to 65 points from the day's high. The market breadth, indicating the overall health of the market, was negative. Some capital goods stocks rose on value buying. Consumer durables stocks also rose. Auto stocks fell on worries high interest rates and costlier fuel could dent demand for vehicles.
Grey Market Premiums - June 9 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 (Upper Price Band) | 2.50 to 3.50 |
| Timbor Home | 63 | 5.50 to 6 |
| VMS Industries | 36 to 40 | 2 to 2.50 |
Daily News Roundup - June 9 2011
Bharti Airtel has started discussions with all its key competitors in Africa for sharing tower infrastructure and backend optic fibre networks. (BS)
ING Vysya has received approvals from shareholders to raise capital through issuance of 28.5mn shares through preferential allotment. (BS)
ONGC and GAIL are in talks to buy a part of Exxon Mobil Corp’s stake in Kazakhstan’s Kashagan oilfield. (BS)
Reliance Infrastructure has commenced toll collections in its Hosur-Krishnagiri highway project connecting Bangalore to Chennai. (BS)
Sensex slips on global cues...Volumes light
After enjoying two straight days of gains, the Indian markets yet again succumbed to fresh selling pressure on the back of deteriorating global market cues. The Nifty was unable to break into the positive terrain through-out the day after a slightly lower start. Although there was some recovery at a later stage, the benchmark equity indices were unable to sustain those gains amid selling in Pharma, Banking, Auto and Metals stocks.
Mid-Cap and Small-Cap stocks, which saw smart buying in the previous trading session, witnessed some profit booking today. However, bucking the negative trend were FMCG and Consumer Durables stocks.
Standing up to challenges!
Challenges are gifts that force us to search for a new center of gravity. Don't fight them. Just find a different way to stand. – Oprah Winfrey.
Challenges abound for the government and the market. The political temperature has been soaring lately amid a howl of protests by the so-called civil rights activists against corruption in high places. At the same time, the weather God seems to be playing hide-and-seek.
Market may extend losses on weak Asian stocks; food inflation data eyed
The market may extend Wednesday's losses tracking weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 15.50 points at the opening bell. Foreign institutional investors (FIIs) bought shares worth Rs 50.43 crore and domestic funds bought shares worth Rs 85.47 crore on Wednesday, 8 June 2011, as per provisional figures released by the stock exchanges.
The key benchmark indices edged lower on Wednesday snapping last two days' gains on weak global stocks, which fell after Federal Reserve chairman Ben Bernanke on Tuesday, 7 June 2011, said US economic recovery was proving to be "uneven" and "frustratingly slow". The BSE Sensex lost 101.33 points or 0.55% to 18,394.29, its lowest closing level since 3 June 2011 on Wednesday.
Markets likely to open on a weak note
The opening is expected to be on a negative note led by global weakness amid persistent worries over global economic outlook.
Headlines for the day:
PSU may hike petrol price from June 16
SBI to complete Rs20,000-cr rights issue by December
Bharti Airtel takes tower sharing to Africa
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