Friday, August 26, 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
26/8/2011 530901 ACIL SANJAY AGARWAL S 574753 0.70
26/8/2011 511664 BGIL Films KAILASH CHANDRA B 47952 5.51
26/8/2011 511664 BGIL Films ENAAM SECURITIES B 50000 5.78
26/8/2011 511664 BGIL Films ENAAM SECURITIES S 50000 5.51
26/8/2011 511664 BGIL Films KAILASH CHANDRA S 68952 5.76
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
26-AUG-2011,EDUCOMP,Educomp Solutions Limited,CORONATION INVESTMENT MANAGEMENT COMPANY (PTY) LTD A/C CORO,BUY,800000,202.63,-
26-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,ALFA FISCAL SERVICES PVT LTD,BUY,446513,136.59,-
26-AUG-2011,INVENTURE,Inventure Gro & Sec Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,155008,134.66,-
It was again a bad week for markets, with the Sensex falling by 1.81%. The index was the only loser among its global peers.
Major headlines for the week
Food inflation at 9.80% versus 9.03%
Mphasis Q3 consolidated net profit down by 28%
FDI inflow to surge sharply to $19.5 billion
57 A-group stocks hit 52-week low on BSE; Banks worst hit
13 major banks hit 52-week low
Bears are calling the shots on the bourses. A steep setback this month has pulled the market to 1-1/2-year low. Heavy selling by foreign funds this month has hit sentiment adversely. Multiple forces such as a standoff between the government and anti-corruption activist Anna Hazare over the Lokpal Bill, concerns about corporate earnings growth amid high interest rates, euro-zone debt worries, and concerns about a slowdown in the United States, the world's biggest economy, are currently weighing on Indian shares.
Sustained selling by foreign fund amid concerns about corporate earnings growth, worries over global economic growth and standoff between the government and anti-corruption activist Anna Hazare over the Lokpal Bill, pulled Indian shares lower for the 5th week in a row. The Sensex fell below the psychological 16,000 mark and the Nifty slid below 4,800 level. Reports that China had deployed more advanced nuclear missiles at Sino-Indian border as a 'deterrent posture' also weighed on investor sentiment.
Key benchmark indices fell for the third straight day to hit 18-1/2-month lows as data showing sustained selling by foreign funds this month hurt sentiment. Weak global shares also weighed on sentiment. The barometer index BSE Sensex fell below the psychological 16,000 mark. Index heavyweights Reliance Industries (RIL) hit 52 week low. The Sensex tumbled 297.50 points or 1.84%, off about 410 points from the day's high and up close to 80 points from the day's low. The sell-off was broad-based and all the 13 sectoral indices on BSE were in the red. The market breadth was quite weak.
SREI Infrastructure Finance plans to raise US$1bn through an infrastructure equity fund that would invest in areas such as roads, power and ports. (ET)
Tata Power plans to invest around Rs10bn over the next three years to lay its own cable network in Mumbai for power distribution.(ET)
L&T Construction said it has bagged Rs7.97bn orders in building and factories segment. (ET)
The Indian markets declined for a second straight trading session on Thursday amid a late sell-off in IT, Metals, Banking and Telecom stocks. On the other hand, Pharma, Realty and FMCG stocks bucked the negative trend. The key Indian equity benchmarks took an ugly turn down in late trade, with the BSE Sensex and the NSE Nifty losing over 1% each. The Nifty in fact broke below the 4850 mark.
Worry is interest paid on trouble before it comes due.- William Ralph Inge
Indian markets succumbed to a late selloff on Thursday despite positive cues from overseas markets. The Nifty closed below 4850 on F&O expiry day. The fall in August F&O series is said to be the worst in three years.
So will things improve from here on or are we headed for lower levels on the key indices? It’s a tough call to make having seen the deep cuts of August.
The Indian markets are set for a flat start tracking mixed cues from the Asian markets. Trading may remain cautious ahead of Bernanke speech.
Headlines for the day:
NSE to launch S&P, Dow Jones from Monday
CIL may lose 40K tonne a day on Jharkand ban
PowerGrid to launch India’s first 1,200-Kv station
Gold pares earlier losses as US equities slump once again
Precious metals ended somewhat higher on Thursday, 25 August 2011 at Comex. Prices rose once again as US equities slumped giving up their earlier gains. Traders became unnerved once again as news circulated that Germany might be the next to get a debt downgrade. Prices closed higher despite a strong dollar after initial claims data showed an unexpected increase for last week.
Hurricane Irene raises concerns about a slowdown in refinery production
Crude prices ended marginally higher on Thursday, 25 August 2011 at Nymex. Prices traded lower for most part of the day after the dollar rose and US equities slumped. It pared its losses in the later part of the day as Hurricane Irene fed concerns about a slowdown in refinery production on the East Coast.
The market may open flat to slightly lower tracking mostly down Asian stocks ahead of a speech by Federal Reserve Chairman Ben Bernanke later in the global day. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a fall of 6 points at the opening bell.
Key benchmark indices extended losses for the second straight day on Thursday, 25 August 2011 as data showing a rise in food inflation in mid-August 2011, data showing sustained selling by foreign funds this month, standoff between the government and anti-corruption activist Anna Hazare over the Lokpal Bill and reports that China has deployed more advanced nuclear missiles at Sino-Indian border as a 'deterrent posture' weighed on investor sentiment. The BSE Sensex was down 138.65 points or 0.85% to 16,146.33, its lowest closing level since 19 August 2011.