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Thursday, August 11, 2011

Apple - ExxonMobil Corp Charts - Most Valuable Company

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Sensex slips in choppy trade as banks fall

After taking a breather, the Indian markets resumed their downward march and closed in the red at the end of a choppy session. The Indian markets showed pretty strong resilience against another big sell-off in the US and European markets.

Sentiment received a boost from moderate losses in other Asian markets and as large institutions turned out to be net buyers on Wednesday. However, a steep jump in food inflation and an intraday reversal in European markets checked gains for the Indian equities.

BSE Bulk Deals to Watch - Aug 11 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
11/8/2011 531160 Arcadia Merc PREMILABEN MAHENDRAKUMAR SHAH B 41249 8.06
11/8/2011 532797 Autoline Inds CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 99544 151.31
11/8/2011 532797 Autoline Inds A K G SECURITIES AND CONSULTANCY LTD B 71847 151.24

NSE Bulk Deals to Watch - Aug 11 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
11-AUG-2011,AUTOIND,Autoline Industries Limit,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,99701,150.80,-
11-AUG-2011,DCHL,Deccan Chronicle Hold Ltd,DECCAN CHRONICLE HOLDINGS LTD - BUY BACK ORD-WRONG CODE,BUY,1155738,65.97,-

Markets close lower in see-saw trade

The Indian markets ended with moderate losses amid extreme volatile trade. The Sensex falls 71 and the Nifty slips 23 points at the close.

Major headlines

Food inflation at 9.9% versus 8.04%

Reliance Power Q1 consolidated net profit at Rs1,961.21 million

Tata Motors Q1 consolidated net profit at Rs2,000 crore

Nifty August 2011 futures at discount

Turnover declines

Nifty August 2011 futures were at 5,128, at a discount of 10.30 points compared to spot closing of 5,138.30. Turnover in NSE's futures & options segment declined to Rs 107841.86 crore from Rs 127444.34 crore on Wednesday, 10 August 2011.

Tata Motors August 2011 futures were at 842, at a discount compared to spot closing of 850.

Market loses ground on worries RBI may retain anti-inflationary stance

Key benchmark indices edged lower in choppy trade as an increase in food inflation raised concerns the central bank will stick to its tight monetary policy. The BSE Sensex lost 71.11 points or 0.42%, off close to 150 points from the day's high and up close to 45 points from the day's low. Index heavyweight Reliance Industries pared intraday gains. Reliance Infrastructure rose after the company said order book remains strong. Tata Power fell more than 4% despite good Q1 result. The market breadth was negative, having alternately swung between positive and negative terrain during the second half of the trading session.



Crude ends its losing streak and inventories show surprise decline

Prices rise the first time in four days

Crude prices ended their long downward slide and rose on Wednesday, 10 August 2011 at Nymex. Prices rose following latest weekly inventory report from the Energy Department which showed a sudden drop in crude inventories for last week. Prices rose for the first time in four days despite a strong dollar.

Record run continues for bullions

Yellow metal strikes all time record high crossing the $1,800 mark during intraday trading

Precious metals scaled to record highs on Wednesday, 10 August 2011 at Comex. The investors tried to escape from equities and flock to bullions, which are seen as much safer and better bets in times of turbulence. Prices rose despite a strong dollar. News that Standard & Poor's downgraded US debt last weekend once again resumed heavy selling at Wall Street on Wednesday, 10 August 2011

Market may open flat to slightly lower; food inflation data eyed

The market may open flat to slightly lower tracking weak Asian stocks after US stocks tanked more than 4% on Wednesday on worries that Europe's debt crisis could engulf French banks and spill onto the world financial sector. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a fall of 13 points at the opening bell. The government will today, 11 August 2011, unveil data on some wholesale price indices viz. the food price index, the primary articles index and the fuel price index for the year through 30 July 2011.

Daily News Roundup - Aug 11 2011

Piramal Healthcare has made its telecom debut by picking up a 5.5% stake in Vodafone Essar for USD640mn.(FE)

Fortis will pick up a 65% stake in Vietnam’s Hoan My Medical Corporation for USD64mn. (BL)

Maruti Suzuki India is working on customer specific marketing strategy to increase its sales among the first time buyers, a company official said. (BS)

Sensex surges on global recovery...Nifty above 5100

After a couple of reckless trading sessions, equity markets across the globe saw some sanity, tracking a rally in US stocks that rose post the Fed’s assurance that it will keep rates at record low till at least the middle of 2013. Asian markets ended with smart gains, while the European markets too were trading with a positive bias.

The Indian markets saw some bottom fishing after 11 straight trading sessions. The interest rate sensitive Auto and Realty stocks led from the front. Index heavyweights like Tata Motors, Maruti, M&M and Bajaj Auto were among the major winners today. Among the other top gainers were in the Consumer Durables, Banking and Capital Goods space.

Resilient start, choppy day

Power is so characteristically calm, that calmness in itself has the aspect of strength. - Edward G. Bulwer-Lytton.

Notwithstanding a fresh round of selling in the western markets, the start here is likely to be much calmer. Other Asian markets too are showing commendable resilience. Another positive is that both, FIIs and DIIs were net buyers on Wednesday. The local institutions have been steadily buying over the course of the recent correction.

Global crises may lead markets to start in red

The Indian markets are expected to open lower, triggered by worries that Europe's debt crisis could engulf French banks and spill onto the world financial sector.

Headlines for the day:

Piramal buys 5.5% in Vodafone Essar
Shriram City forays into home financing
Fortis buys hospital chain in Vietnam for Rs289 crore

SGX Nifty Live Update - Aug 11 2011

5,136.00 -12.00