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Monday, July 18, 2011

Surya Pharma, Shipping

Surya Pharma, Shipping

TCS, Bajaj Auto, Shree Cement

TCS, Bajaj Auto, Shree Cement

PTC India - Can it be revived ?

PTC India

Silent when it comes to worst picks ?

Come on, each one of us have their terrible picks

Which one is yours ? Be frank, start commenting!

Tata Consultancy Services

Tata Consultancy Services

TTK Prestige Ltd

TTK Prestige Ltd

Hawkins Cookers

Hawkins Cookers

BSE Bulk Deals to Watch - July 18 2011

18/7/2011 526397 Alphageo India-$ A K G SECURITIES AND CONSULTANCY LTD B 25804 154.60
18/7/2011 526397 Alphageo India-$ A K G SECURITIES AND CONSULTANCY LTD S 25804 154.19
18/7/2011 513309 Alumeco India-$ DEUTSCHE SECURITIES MAURITIUS LIMITED S 80000 9.01
18/7/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD B 43036 804.25
18/7/2011 590006 Amrutanjan Health-$ CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED B 20927 806.96
18/7/2011 590006 Amrutanjan Health-$ CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED S 20927 807.00

NSE Bulk Deals to Watch - July 18 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
18-JUL-2011,ALPHAGEO,Alphageo (India) Limited,MULTIPLEX CAPITAL LTD.,BUY,42842,154.40,-
18-JUL-2011,AMRUTANJAN,Amrutajan Health Ltd,RADHIKA DIPAN MEHTA,BUY,17244,795.24,-

HT Media,Tata Motors, DLF, United Phosphorus, Cement, Economy

HT Media,Tata Motors, DLF, United Phosphorus, Cement, Economy



Sensex struggles to a muted close

Sensex ended at 18,507 slipping 54 points. Nifty closed at 5,567 losing 14 points.

Traders and investors could be forgiven for feeling relieved when the closing bell range today, marking an end to what was a highly boring and anemic trading session.

Although some of the non-index counters saw better price action, the overall mood was subdued. With no major results due today, the focus was on the overseas markets, which continue to reel under the debt issues confronting the US and Eurozone economies.

Markets end volatile trade in red

European and US debt woes led to a cautious trade, with the Sensex closing 55 points down and the Nifty fell 14 points amid volatility

Major headlines

Hexaware Technologies inks 5-year deal

Motherson Sumi buys 80% stake of Peguform Group

Patni zooms on signing deal

Indian indices

The Indian indices witnessed volatility on the first day of the week and closed the trade in the negative terrain. Possibility of US debt default and endless European debt crisis dampened the mood of investors as well as traders globally. Technology, auto and healthcare stocks led the decline. The key indices ended in red for the second day in a row. It was overall a boring day, with the indices struggling to get direction on either side.

Sensex movements: The Sensex started the trade 30 points higher at 18592. The index gained momentum and touched the day’s high of 18623 in early trade. The index became directionless as the session progressed amid lacklustre trade. In mid-afternoon trade, the Sensex hit the day’s low of 18470 tracking weakness in the European equities and continuous selling in technology and auto stocks. The Sensex fell 55 points to close at 18507 and the Nifty settled 14 points lower at 5567.

Market sentiment

The market breadth stood positive. Of the 3,012 shares traded on the BSE, 1,546 shares advanced whereas 1,322 shares declined and 144 shares remained unchanged.

Viewing volumes

India's second largest developer - Unitech saw highest trading with over 0.22 crore shares changing hands on the BSE, followed by wind turbine major - Suzlon Energy (0.15 crore shares), a government hydro power firm - NHPC (0.12 crore shares), a microfinance company - SKS Microfinance (0.12 crore shares) and India's leading integrated infrastructure finance player - IDFC (0.11 crore shares).

Sectoral & stock screening

Out of 13 sectoral indices, six sectors closed higher. Gainers - BSE Realty gained the most by 0.89%, BSE Consumer Durables (CD) surged by 0.70% and BSE Metal rose by 0.48%. Losers - BSE Auto went down by 1.04%, BSE Information Technology (IT) slipped by 0.81% and BSE Healthcare (HC) fell by 0.80%.

In 'A' group stocks, the top three gainers were - Tata Communications gained by 5.13%, Videocon Industries surged by 4.39% and Godrej Industries rose by 4.05%. The top three losers were - Shree Renuka Sugars slipped by 2.04%, Tata Consultancy Services (TCS) fell by 1.97% and Tata Motors declined by 1.94%.

Global signals

The European stock markets slumped on Monday, with banks such as Societe Generale SA and Deutsche Bank AG falling as investors showed disappointment that recent stress tests didn’t address key worst-case scenarios, while sovereign-debt worries added to the selling pressure.

Tata Motors July 2011 futures at discount

Turnover plunges

Nifty July 2011 futures were at 5,569.40, at a premium of 2.35 points over spot closing of 5,567.05. Turnover in NSE's futures & options plunged to Rs 82265.22 crore from Rs 103757.51 crore on Friday, 15 July 2011.

Reliance Industries July 2011 futures were at 867.10, at a premium over spot closing of 866.

State Bank of India July 2011 futures were at 2472.10, at a discount compared to spot closing of 2474.60.

Asian markets subdued on Monday

Gloomy world economic prospects continue to keep risk aversion under check, gold rises to fresh highs above $1600

Asian markets tilted lower in the first session of the week as the gloomy world economic prospects continued to keep risk aversion under check. Safe havens gold rallied above $1600 per ounce, a fresh all time high even as the US dollar stayed resilient, as investors were uninterested in any risk play. The concerns pertaining to Europe's banking woes and debt problems in the US remained at the helm of the affairs for world markets.The results of stress tests on European banks that were released on late Friday revealed that eight of 90 European banks could not clear these tests, indicating that the European banking sector could come under intense pressure if the economic conditions deteriorate in coming months. The DOW futures dropped today and most Asian benchmarks ended in red. Markets in Japan are closed today for a national holiday.

BSE Small-Cap, Mid-Cap indices extend recent strong gains

Key benchmark indices edged lower for the second straight day and were near one-week closing lows as world stocks fell on Europe's sovereign-debt worries and amid a political standoff in the US over raising the US government's debt limit. The BSE Sensex was down 54.88 points or 0.3%, off close to 150 points from the day's high and up close to 40 points from the day's low. Two index heavyweights--Reliance Industries and Larsen & Toubro edged lower.

IT stocks fell on US and European debt concerns. Most auto stocks fell on concerns higher interest rates could crimp sales of automobiles. Bank shares were mixed. Realty and metal stocks rose. The market breadth was positive. BSE Small-Cap and Mid-Cap indices rose, extending their recent strong gains.

Precious metals end at session highs

Bright day for bullions as debt default concerns linger

Precious metals continued on the uptrend that began on Friday, 15 July 2011 and ended at session highs. Gold futures finished at a record high Friday, as lingering concerns over the potential for U.S. and euro-zone debt defaults helped prices tally a nine-session gain of nearly $108 an ounce.

Crude prices climb up on chances of a lower dollar

Prices end more than 1% higher for the week

Crude oil gained steam in the afternoon session on Friday, 15 July 2011 and recovered almost one point as it rose through the $97 mark. Prices of crude for August delivery added $1.55, or 1.6%, to close at $97.24 a barrel on the New York Mercantile Exchange which is about a half of a point under its session high. Prices rose as lingering concerns over the potential for U.S. and euro-zone debt defaults hinted at a lower dollar in coming months. For the week, crude gained 1.1%.

Daily News Roundup - July 18 2011

Tax clouds have gathered over Axis Bank’s proposed acquisition of Enam Securities’ equities and investment banking businesses. RBI has directed the bank to revise the accounting scheme and the deal structure.(BS)

WIPRO’s 11.82bn contract with Employees’ State Insurance Corporation for IT services may be in troubled waters on account of technical problems with the government health insurer’s internet portals that have caused inconvenience to users.(ET)

Sensex slips in dull trade...Nifty holds 5550

After two positive sessions, the Indian markets ended with modest losses on Friday, extending the losing streak to a second consecutive week. However, the NSE Nifty managed to close above the 100DMA for the third straight day, indicating that there is still some steam left in the market.

Metals, Auto, Realty and PSU stocks were among the major laggards. Among the major gainers were IT, Power and Telecom stocks. The Mid-Cap and the Small-Cap indices were under some pressure today.

Topsy-turvy movement

Success is not final, failure is not fatal: it is the courage to continue that counts. – Winston Churchill.

The Indian market is all set to resume what could be yet another week of topsy-turvy movement. The start is likely to be subdued given the mixed cues from the overseas markets. While US stocks managed modest gains, their European counterparts finished in the red. Asian indices this morning are in no-man’s-land. Japanese markets are shut for a holiday.

SGX Nifty Live Update - July 18 2011

5,565.00 -26.50