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Monday, August 22, 2011
Sensex closes 200 points higher after 2-day fall
It was a highly volatile session, with the Sensex ending 200 points up and the Nifty rose 53 points
Major headlines
Nalco rises on govt nod to mine coal block in Orissa
Sesa Goa hits record low on mining ban report
Mphasis soars on clarification
BSE Bulk Deals to Watch - Aug 22 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
22/8/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD B 18532 748.47
22/8/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD S 18532 749.41
22/8/2011 511664 BGIL Films MAHENDER SINGH B 40000 4.80
NSE Bulk Deals to Watch - Aug 22 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
22-AUG-2011,ARSSINFRA,ARSS Infra Proj. Ltd,FELEX ENTERPRISES PRIVATE LIMITED,BUY,100000,284.95,-
22-AUG-2011,ARSSINFRA,ARSS Infra Proj. Ltd,KORP SECURITIES LTD,BUY,80000,289.44,-
22-AUG-2011,DCHL,Deccan Chronicle Hold Ltd,DECCAN CHRONICLE HOLDINGS LTD,BUY,1125021,65.66,-
22-AUG-2011,IBREALEST,Indiabulls Real Estate Li,MACQUARIE BANK LIMITED,BUY,2197516,80.54,-
22-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,ALFA FISCAL SERVICES PVT LTD,BUY,438798,157.31,-
Market recovers as crude oil eases
Gains in European shares triggered by a fall in crude oil prices aided a recovery in battered Indian shares today, 22 August 2011. The BSE Sensex jumped 200.03 points or 1.24%, up close to 295 points from the day's low and off about 30 from the day's high. The market breadth was strong. Index heavyweight Reliance Industries (RIL) surged. State Bank of India and Tata Motors recovered from 52-week lows. Infrastructure stocks rose on bargain hunting after recent slide.
Grey Market Premiums - NCDs - IPOs - Aug 22 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | Discount |
| Tree House of Education & Accessories | 135 | -1 to 1.50 |
| Brooks Lab. | 90 to 100 | 5 to 6 |
| SRS Ltd. | 58 to 65 | 4 to 4.50 |
| T. D. Power Systems | 256 to 261 |
|
| IIFL Bond | 1000 | 15 to 20 |
| Shriram City Union Bond | 1000 | 20 to 25 |
| Manappuram Finance | 1000 | 14 to 16 |
| Muthoot Finance | 1000 | 20 to 22 |
Market likely to see small gains in opening trade
The market is likely to open slightly higher as bargain hunting may emerge after a recent sharp sell-off. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a gain of 5 points at the opening bell. Asian markets were trading mixed on Monday, 22 August 2011. The market may remain volatile this week as traders rollover positions in the derivatives segment from the near-month August 2011 series to September 2011 series. The August 2011 derivatives contracts expire on Thursday, 25 August 2011.
Firm Asian cues may lead markets higher at start
It is expected to be a positive opening tracking supportive Asian cues. Markets may trade volatile ahead of F&O expiry this week.
Headlines for the day:
ITC, Tatas vie for hotel market share
Maruti Suzuki plans to roll out global car by 2017
NALCO plans to invest Rs57,903 crore on expansion by 2020
Major corporate action
Results: Gayatri Projects, Allied Digital Services, Parenteral Drugs (India)
Ex-date for interim dividend of Castrol India
Daily News Roundup - Aug 22 2011
As it strengthens the R&D activities, Maruti Suzuki India is aiming higher with plans to roll out a global car by 2017. (ET)
Hindustan Unilever and Future Group will co-develop and co-brand a line of bakery products that will be sold exclusively at Big Bazaar stores in the first instance of such a partnership in the country. (ET)
NTPC has said that lack of "politico-administrative" support to tackle commercial losses and poor health of government utilities are among the main reasons for low FDI inflows into the Indian power sector. (ET)
Pyramids on the street!
Whatever belongs to you today, belonged to someone else yesterday and it will belong to some one else tomorrow. – Lord Krishna.
Happy Janmashtami! Human pyramids will get their act together to break the dahi handi. The market too is looking to break away from its tumultuous run. Thankfully, we are likely to see a positive start as most Asian markets have recovered from a slow start. Whether any advance is sustainable given the spate of headwinds confronting the equity markets is the question.
Got refund of Shriram City Union NCD ?
Please confirm if anyone of you got refund of Shriram City Union NCD
US stocks continue to remain in the grip of recessionary fears
Stocks register huge weekly losses led by technology, financial and materials sectors
Volatile US stocks once again registered substantial losses for the week that ended on Friday, 19 August 2011. Stocks kicked off the week on a strong note. But macro economic data during the week at home front and also globally pointed out to another spell of recessionary trends that might engulf the US and global economy soon. Uncertainty regarding the state of Europe pressured stocks, especially financials. Treasuries rallied, with the 10-year yield hitting a record low. Gold prices rallied as the precious metal broke through another all-time nominal high.
Healthy weekly gains for precious metals
Record run continues for the yellow metal
Precious metals continued to shine on Friday, 19 August 2011 at Comex. Prices rose as investors flocked to bullions as a safe haven for investment as global recession fears continued o linger across investors' minds. Macroeconomic data in recent times have pointed out to a slow recovery of the US and global economy and chances of US entering another recession.
Crude continues with its downward slide
Prices shed almost 4% on a weekly basis
Crude prices ended little lower on Friday, 19 August 2011 at Nymex. Prices continued to drop as global recession fears resumed. The day at Wall Street did not feature any economic data. Worse than expected economic data in most cases a day earlier exacerbated weakness in the market as investors feared that US will once again enter into another recession and the global economic recovery will be doomed. Thus oil prices dropped in tandem with US equities on fears of future demand concerns.
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