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Monday, August 08, 2011

BSE Bulk Deals to Watch - Aug 8 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
8/8/2011 533412 Aanjaneya Lifecare A K G SECURITIES AND CONSULTANCY LTD B 81648 442.08
8/8/2011 533412 Aanjaneya Lifecare BMD EXPORTS PRIVATE LIMITED B 112504 451.98
8/8/2011 533412 Aanjaneya Lifecare BMD EXPORTS PRIVATE LIMITED S 74504 458.96

NSE Bulk Deals to Watch - Aug 8 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
08-AUG-2011,AANJANEYA,Aanjaneya Lifecare Ltd,AMBER ENCLAVE PRIVATE LIMITED,BUY,196984,444.15,-
08-AUG-2011,AANJANEYA,Aanjaneya Lifecare Ltd,PANTHER FINVEST PVT. LTD.,BUY,67468,451.91,-

Manic Monday; Sensex plunges 316 points on US blues

The mood on the Dalal Street soured further after the US lost its top-notch credit rating due to mounting debts. The Sensex down 316 points and the Nifty down 93 points

Major headlines

L&T Q1 net profit up 12%

M&M net profit rises 8% in Q1

Tata Chemicals Q1 net profit down 27%

Mega slump for Asian stocks

Historic downgrade of US government debt rattles investors; markets extend last week's deep losses

Asian stocks slipped sharply today, witnessing a massive sell off as the investors came to the grip of the historic downgrade of US government debt. The global ratings agency Standard & Poor's cut the US rating to AA+ from the top-notch triple-A for the first time and unleashed a fresh wave of fear about the global economic recovery. The moderation in economic activity around the world in last few months and a persistent flight to safety have also taken sheen off equities.

Sensex tumbles 10% in ten trading sessions

Key benchmark indices fell for the fifth straight day to hit 14-month closing lows as an unprecedented downgrade of the US credit rating by Standard & Poor's on Friday, 5 August 2011, led investors to reduce exposure to assets perceived as risky and escalated worries about global economic outlook. The barometer index, BSE Sensex, fell below the psychological 17,000 level. The Sensex lost 315.69 points or 1.82%, up close to 230 points from the day's low and off close to 255 points from the day's high. Intraday volatility was quite high.

The Sensex has tumbled 1,881.11 points or 9.97% in ten trading sessions from a recent high of 18,871.29 on 25 July 2011. Since the beginning of the year, the Sensex has lost 17.15%, making it the worst-performing among major Asian markets.

Warren Buffet - S&P made a mistake !

Billionaire Warren Buffett said Standard & Poor’s (S&P) erred when it lowered the US credit rating and reiterated his view that the economy will avoid its second recession in three years.

The US, which was cut August 5 to AA+ from AAA at S&P, merits a “quadruple A” rating, Buffett, 80, said yesterday in an interview with Betty Liu at Bloomberg Television. The downgrade followed the biggest weekly selloff in US stocks in 32 months, with the S&P 500 slumping 7.2 per cent to its lowest level since November.

“Financial markets create their own dynamics, but I don’t think we’re facing a double dip recession,” said Buffett, chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc. “Clearly what stock markets do have is an effect on confidence, and this selloff can create a lack of confidence.”

Stocks plunged last week amid signs the US economy is slowing and speculation that Europe will fail to contain its sovereign-debt crisis. Reports on manufacturing and consumer spending trailed economists’ forecasts. Euro region central bank governors are planning emergency talks aimed at limiting the market fallout from the first US rating downgrade in history.

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Asian markets open down

Tokyo's Nikkei stock market opened down 1.4 percent and then made slight gains, but Japan's finance minister reportedly said the country has not lost faith in the dollar or U.S. Treasury bonds even after the U.S. credit rating was downgraded for the first time in history.

The news in other Asian markets was not so promising. Australia's S&P/ASX-200 index lost almost 2 percent in early trading and indexes in New Zealand fell more than 3 percent.

The mixed reports likely won't do much to quell growing concerns that Standard & Poor's downgrade of the U.S. credit rating from AAA to AA+ could rock global financial markets.

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SGX Nifty Live Update - Aug 8 2011

5,137.00 -83.00