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Thursday, August 18, 2011
BSE Bulk Deals to Watch - Aug 18 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
18/8/2011 511750 Ascent Exim SUMAN BAJIRAO PAGAR B 16000 4.53
18/8/2011 532797 Autoline Inds RKSV SECURITIES INDIA PRIVATE LIMITED B 100526 127.94
18/8/2011 532797 Autoline Inds KAMAL KUMAR JALAN SEC. PVT. LTD B 98944 127.41
NSE Bulk Deals to Watch - Aug 18 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
18-AUG-2011,CREWBOS,Crew B.O.S. Products Limi,MEHROTRA LAXMI NATH,BUY,67738,43.10,-
18-AUG-2011,CREWBOS,Crew B.O.S. Products Limi,MEHROTRA VIVEK LAKSHMINATH,BUY,75000,43.10,-
18-AUG-2011,DEN,Den Networks Ltd,VENKATESWARA CAPITAL MANAGEMENT LTD,BUY,700000,38.50,-
18-AUG-2011,GRAVITA,Gravita India Limited,AMBER ENCLAVE PRIVATE LIMITED,BUY,4,366.50,-
Nifty hits 52- week low; Sensex falls 371 points
Global economic uncertainty shook investor confidence, which led to a worldwide sell-off in today’s trade. The Sensex closed 371 points lower and the Nifty fell 112 points
Major headlines
Food inflation at 9.03% versus 9.9%
Educomp Solutions hits 52-week low on I-T raid
Suven Life gains on securing patents
Market Wrap: Nifty hits 15-month low on global mayhem
US equity markets slipped from their day's high to end flat on Wednesday snapping a 3-day rally of nearly 6%.
Top Federal Reserve officials expressed concern about the amount of stimulus being applied to the economy.
Read more
Nifty hits 14-1/2-month low on global growth fears
Frenzied selling in index pivotals pulled the market sharply lower in late trade. The 50-unit S&P CNX Nifty hit 14-1/2-month low below the psychological 5,000 mark. Data showing sustained selling by foreign funds this month also weighed on sentiment. Weakness in global stocks also hit sentiment adversely. Fears over global growth prospects and Europe's ongoing sovereign debt woes weighed on equity markets across the world. The BSE Sensex was provisionally down 393.66 points or 2.34%, off 469.67 points from the day's high and up 13.83 points from the day's low. Many Sensex and Nifty components hit 52-week lows.
Grey Market Premiums - Aug 18 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | 1.50 to 2 |
| Tree House of Education & Accessories | 135 | -1 to 1.50 |
| Brooks Lab. | 90 to 100 | Discount |
| SRS Ltd. | 58 to 65 | -- |
| IIFL Bond | 1000 | -- |
| Shriram City Union Bond | 1000 | 20 to 25 |
| Manappuram Finance | 1000 | 19 to 20 |
Shriram City Union NCD update
Shriram city Union Finance Subscribed more than Rs. 1500 Cr. & closed on 13th august 2011 &
Likely to list around 1020 to 1030
Daily News Roundup - Aug 18 2011
Cairn Energy has sought no objection certificate from ONGC by September 21 to enable smooth transfer of its stake in Cairn India to Vedanta Resources. (FE)
Coal India Ltd's plan to develop two underground coal gasification projects in Jharkhand and Maharashtra through private sector participation have run into a procedural hurdle and may be re-tendered. (BL)
Competition Commission of India has found no competition issue in the 2008 strategic alliance between private carriers Jet Airways and Kingfisher Airlines. (BS)
Sensex snaps 3-day fall...IT, FMCG shine
After three straight days of losses, the Indian markets bounced back on the back of a strong rally in IT heavyweights like Infosys, TCS, HCL Tech and Wipro. Other frontrunners like Coal India, Hero Motocorp, HDFC Bank, HDFC, ITC and HUL also ended with smart gains.
However, auto majors like Maruti, Tata Motors and M&M were the major laggards. Even banking heavyweights like ICICI Bank, Axis Bank and PNB ended in the red. DLF led the list of losers in the Realty space after it was slapped a hefty fine by the Competition Commission of India.
Compromise helps move things ‘fast’!
Learn the wisdom of compromise, for it is better to bend a little than to break - Jane Wells.
Heave a sigh of relief. Some compromise has been reached as far as Anna Hazare is concerned. He will probably walk out of Tihar Jail today as has reportedly agreed to fast for a fortnight at Ramlila Maidan.
Attention can now move to other things. After a few tumultuous sessions, the markets seem to be going through a usual consolidation phase that follows any big correction. The trend may persist for a while before the fog clears up a bit. For now, one must continue to tread cautiously as volatility is not likely to go away in a jiffy.
Markets may open flat
The global cues are mixed and this may lead to a flat opening on the Indian bourses.
Headlines for the day:
Jet Airways to raise capacity in low-cost segment
Welspun eyes more acquisitions to grow infra biz
GMR plans coal trade to boost revenue
Major corporate action
India’s weekly inflation to be announced today, to view the update on this, kindly log on to Sharekhan.com at 12 pm.
Brooks Laboratories IPO closes today
Results: GTL, Ballarpur Industries Indian indices
Indian indices
Lingering worries over the deteriorating external environment, particularly in the US and the eurozone have led to a cautious trade. It is expected to be a flat start as the global cues are mixed. The markets are likely to trade sideways due to lack of triggers. Without the active participation of overseas institutional investors, it is difficult for the market to rise.
Weekly inflation numbers will be declared today and may lead to a volatile trade. Inflation has always remained a major concern, so today’s data will be keenly watched as it would have a bearing on the Reserve Bank of India’s policy next month.
Daily trend of FII/MF investment in equities
The FIIs have sold Indian stocks worth a net of Rs210.20 crore on August 17, 2011. The domestic investors have bought Indian shares worth a net of Rs88.90 crore on August 16, 2011. The data is as per the SEBI website.
Global signals
The European stock markets traded lower on Wednesday (August 17, 2011), with financial stocks leading the losses due to the perceived inability of France and Germany to find a clear solution to the European debt crisis
The US stocks were mixed on Wednesday as Dell's disappointing sales outlook fanned worries that weak economic growth will hurt earnings in the third quarter.
The Asian markets were trading mixed on Thursday (August 18, 2011). SGX Nifty was trading 15 lower.
Commodity cues
Crude oil rebounded on Wednesday on a sharp decline in US gasoline stocks, but persistent worries about economic growth curbed gains.
Market seen lower in opening trade; food inflation data eyed
The market is likely to see a lower start mirroring subdued Asian equities. The sentiment remains edgy as the French and German leaders failed to deliver a solution to the euro zone debt crisis and restore investor confidence after a global market rout. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a fall of 15.50 points at the opening bell. The government will today, 18 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 6 August 2011. Foreign institutional investors (FIIs) sold shares worth a net Rs 407.68 crore on Wednesday, 17 August 2011, as per provisional data from the stock exchanges. Domestic institutional investors (DIIs) bought shares worth Rs 169.42 crore on that day.
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