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Friday, July 29, 2011
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Morgan Stanley Holdings
Company | %Holding | No of Shares (in Lakhs) | Rs Crore |
| Hinduja Foundries | 6.80 | 19.54 | 15 |
| Lloyd Electric and Engineering | 5.63 | 17.45 | 10 |
| Fedders Lloyd | 5.60 | 17.24 | 13 |
| Everonn Education | 4.32 | 8.29 | 46 |
| Money Matters Financial Services | 3.90 | 13.59 | 15 |
| Stride Arcolab | 3.57 | 20.69 | 77 |
| Megasoft | 3.22 | 14.27 | 3 |
| Federal Bank | 3.16 | 54.13 | 230 |
| Sobha Developers | 3.07 | 30.12 | 78 |
| Kanoria Chemicals and Industries | 3.03 | 17.03 | 7 |
| South Indian Bank | 2.94 | 332.11 | 78 |
| Lakshmi Energy and Foods | 2.89 | 18.26 | 6 |
| Greenply Industries | 2.81 | 6.77 | 16 |
| NIIT Technologies | 2.55 | 15.11 | 34 |
| Kalpataru Power Transmission | 2.53 | 38.76 | 50 |
| Welspun Corp | 2.39 | 48.98 | 73 |
| S Kumars Nationwide | 2.26 | 64.38 | 36 |
| Piramal Healthcare | 2.19 | 36.62 | 140 |
| Riddhi Siddhi Gluco Biols | 2.12 | 2.37 | 9 |
| ING Vysya Bank | 2.11 | 31.54 | 111 |
| Sasken Communication Technologies | 1.90 | 4.86 | 6 |
| Jubilant Foodworks | 1.84 | 11.87 | 101 |
| Aptech | 1.76 | 8.61 | 12 |
| Prism Cement | 1.74 | 87.78 | 40 |
| ESS DEE Aluminium | 1.71 | 5.50 | 20 |
| Bank Of Baroda | 1.71 | 67.10 | 589 |
| SRF | 1.66 | 9.95 | 32 |
| Zenith Infotech | 1.55 | 1.96 | 4 |
| Take Solutions | 1.54 | 18.89 | 7 |
| Redington (India) | 1.51 | 59.97 | 58 |
Rakesh Jhunjhunwala - Updated Holdings
Company | %Holding | No of Shares (in Lakhs) | Rs Crore |
| A2Z Maintenance and Engineering Services | 17.22 | 127.73 | 329 |
| Viceroy Hotels | 10.02 | 42.50 | 15 |
| Geojit BNP Paribas Financial Services | 7.88 | 180.00 | 40 |
| CRISIL | 7.75 | 5.50 | 454 |
| Praj Industries | 7.39 | 136.54 | 113 |
| Titan Industries | 7.28 | 646.67 | 1,477 |
| Ion Exchange (India) | 6.48 | 8.75 | 13 |
| Zen Technologies | 5.06 | 4.50 | 6 |
| Adinath Exim Resources Ltd | 4.59 | 1.89 | 0 |
| Agro Tech Foods | 4.52 | 11.01 | 47 |
| VIP Industries | 4.47 | 12.63 | 102 |
| Autoline Industries | 4.26 | 5.20 | 8 |
| Delta Corp | 3.72 | 75.00 | 79 |
| Rallis India | 3.25 | 6.31 | 10 |
| Rallis India | 3.23 | 6.28 | 10 |
| Titan Industries | 2.49 | 221.16 | 505 |
| Alphageo (India) | 2.43 | 1.25 | 2 |
| Reliance Broadcast Network | 2.20 | 17.50 | 15 |
| VIP Industries | 1.96 | 5.55 | 45 |
| NCC | 1.95 | 50.00 | 37 |
| A2Z Maintenance and Engineering Services | 1.89 | 14.00 | 36 |
| Subex | 1.80 | 12.50 | 7 |
| Lupin | 1.73 | 77.30 | 351 |
| Provogue (India) | 1.66 | 19.00 | 7 |
| Mcnally Bharat Engineering | 1.48 | 4.60 | 7 |
| Hindustan Oil Exploration Company | 1.38 | 18.00 | 31 |
| Hindustan Oil Exploration Company | 1.35 | 17.62 | 30 |
| Pantaloon Retail (India) - B-DVR | 1.32 | 2.11 | 4 |
| Hindustan Oil Exploration Company | 1.27 | 16.60 | 28 |
| Viceroy Hotels | 1.18 | 5.00 | 2 |
RBI's aggressive rate hike spooks market
The market slumped last week as a sharper-than-expected interest rate increase by the Reserve Bank of India (RBI) at a policy review on Tuesday, 26 July 2011, raised concerns that higher interest rates will pinch corporate profit growth. Nervousness in the global markets due to a US debt impasse also weighed on the domestic market.
The BSE Sensex slumped 525.10 points or 2.8% to 18,197.20 in the week ended Friday, 29 July 2011. The 50-unit S&P CNX Nifty shed 151.95 points or 2.69% to 5,482.
Auto, realty shares may extend losses on rising interest rates
Investors' focus continues on Q1 corporate earnings. Investors are focusing on the post-Q1 June 2011 result management commentary to gauge the future earnings outlook at a time when Indian firms are witnessing cost pressures amid rising interest rates and staff costs.
South India based television broadcaster Sun TV unveils Q1 results on Monday, 1 August 2011. State-run Power Grid Corporation unveils Q1 results on Tuesday, 2 August 2011. On Wednesday, 3 August 2001, telecom services major Bharti Airtel and United Spirits unveil first quarter results. On Thursday, 4 August 2011, Adani Power, Mundra Port And Special Economic Zone and Indian Hotels are set to announce first quarter results. Cipla and IL&FS Transportation Networks unveil first quarter results on Friday, 5 August 2011.
Markets end flat amid highly volatile session
The Indian markets remained flat at the close today after being shattered in previous three sessions
Major headlines
ICICI Bank consolidated net profit soars 53% in Q1
SAIL Q1 net profit down 29%
Idea Cellular Q1 consolidated net profit drops 12%
BSE Bulk Deals to Watch - July 29 2011
This data was last updated on Friday, July 29, 2011 5:04:03 PM
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
29/7/2011 530027 Aadi Inds JAYESH MANNARLAL AJMERA S 50000 18.14
29/7/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD B 15538 875.77
NSE Bulk Deals to Watch - July 29 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
29-JUL-2011,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,21813,877.29,-
29-JUL-2011,AMRUTANJAN,Amrutajan Health Ltd,RADHIKA DIPAN MEHTA,BUY,19287,875.96,-
29-JUL-2011,APTECHT,Aptech Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,342763,142.26,-
29-JUL-2011,APTECHT,Aptech Limited,JAINAM INVESTMENTS,BUY,394042,140.56,-
Nifty August 2011 futures at premium
Turnover tumbles
Nifty August 2011 futures were at 5,490.55, at a premium of 8.55 points over spot closing of 5,482. Turnover in NSE's futures & options segment tumbled to Rs 99820.86 crore from Rs 233519.13 crore on Thursday, 28 July 2011.
ICICI Bank August 2011 futures were at 1040, at a premium over spot closing of 1038.30.
L&T Finance Holdings IPO subscribed 5 times
Gets bids for 106.67 crore shares
The initial public offer (IPO) of L&T Finance Holdings was subscribed 4.97 times as on 17:00 IST on the third and final day of the bidding for the issue today, 29 July 2011. The IPO received bids for 106.67 crore shares, compared with 21.45 crore shares on offer.
The price band for the IPO was Rs 51 to Rs 59 per share. The proceeds of the IPO will be used for expansion plans of two of its subsidiaries--L&T Finance and L&T Infrastructure Finance. Rating agencies CARE and ICRA had assigned an IPO grade 5 to the company's IPO indicating that the fundamentals of the company are 'strong' relative to the other listed equities.
Sensex, Nifty at 5-week closing lows on US debt worries
Key benchmark indices reached five-week closing lows on weak global stocks. The market extended losses for the fourth day in a row in what was a choppy trading session. The market breadth, indicating the overall health of the market, was weak. US and euro-zone debt worries weighed on the sentiment as stocks fell across the globe. The BSE Sensex was down 12.32 points or 0.07%, up close to 65 points from the day's low and off close to 135 points from the day's high. Index heavyweight Reliance Industries (RIL) hit 52-week low amid high intraday volatility.
Grey Market Premiums - July 29 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | 1.50 to 2 |
| Inventure Growth | 117 | 4 to 4.50 |
| L & T Finance | 51 to 59 | 3 to 3.50 |
Market may extend recent losses on weak Asian stocks
The market may extend three-day 3.5% losses on weak Asian stocks. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a fall of 58 points at the opening bell. Asian stocks fell on Friday, 29 July 2011, as the US debt impasse kept broad market sentiment in check, with Japan also suffered from weak earnings and profit outlooks.
FIIs bought shares worth a net Rs 64.66 crore on Thursday, 28 July 2011, as per provisional data from the stock exchanges. Domestic institutional investors (DIIs) bought shares worth Rs 409.34 crore on that day. Key benchmark indices sank to their lowest closing levels in five weeks on Thursday, 28 July 2011 on fears that higher interest rates will hurt corporate profit growth. The BSE Sensex was down 222.73 points or 1.21% to settle at 18,209.52, its lowest closing level since 23 June 2011.
Markets may open in red
Weak Asian cues may drag the Indian markets in the opening trade, extending previous sessions losses.
Headlines for the day:
SEBI pleases all, overhauls key Takeover Code clauses
PNB to buy 30% in Metlife India
JSW Steel in the dock for getting illegal ore supply
Precious metals witness modest losses
Benign economic reports and steady dollar push prices lower
Precious metals ended lower on Thursday, 28 July, 2011 at Comex. Gold prices witnessed marginal drop while silver dropped substantially. Prices turned pale as the dollar headed higher and economic reports came in better than expected. Concerns about lack of a legislative resolution in the U.S. debt-ceiling standoff kept the drop in price under check.
Gold for December delivery fell $1.1 or 0.1%, to end at $1,616.2 an ounce on the Comex division of the New York Mercantile Exchange on Thursday.
Daily News Roundup - July 29 2011
Karnataka Lokayukta has put JSW Steel in the dock for what it terms "getting illegal supply of iron ore" far in excess of what it was permitted. (BS)
Workers at Maruti Suzuki India’s plant at Manesar in Haryana went on an hour-long ‘tool down’ strike to protest against disciplinary action initiated against four workers. (ET)
The government is likely to resolve the crisis over payment for buying crude oil from Iran by asking Indian companies to open rupee accounts in Union Bank of India. (BS)
Sensex slips for 3rd session…Nifty ends below 5500
The Indian equity markets ended in the negative terrain for a third straight trading session on Thursday amid short rolls seen in the F&O segment. Market sentiment was hit despite food inflation moderating in the middle of July and the Cabinet approving the draft Lokpal Bill.
Investors remained jittery over the near-term prospects amid a slew of negative factors like RBI's hawkish stance on inflation, economic slowdown, drop in FII flows, erratic monsoon, mixed quarterly results and Government inertia in policy making.
Fear of danger!
Let the fear of danger be a spur to prevent it; he that fears not, gives advantage to the danger. - Francis Quarles.
Indian markets are down for three straight days. The F&O expiry has been higher, but short positions are believed to have been carried over amid a spate of headwinds. We expect another muted start today, as world markets are still nervous about the political gridlock in the US over the sensitive issues of debt and deficit.
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