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Tuesday, September 06, 2011
BSE Bulk Deals to Watch - Sep 6 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
6/9/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD B 22728 825.26
6/9/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD S 22728 825.76
6/9/2011 524760 Arvind Intl-$ PRESTIGE EXPORTS PRIVATELIMITED B 49947 16.62
NSE Bulk Deals to Watch - Sep 6 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
06-SEP-2011,AMRUTANJAN,Amrutajan Health Ltd,SHREE NAMAN SECURITIES & FINANCE PVT. LTD,BUY,18762,820.91,-
06-SEP-2011,BFUTILITIE,BF Utilities Limited,QUADEYE SECURITIES PRIVATE LIMITED,BUY,201449,528.74,-
06-SEP-2011,BROOKS,Brooks Lab Limited,AMPLE HOTELS AND RESORTS PRIVATE LIMITED,BUY,86753,55.64,-
06-SEP-2011,BROOKS,Brooks Lab Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,137654,54.79,-
06-SEP-2011,BROOKS,Brooks Lab Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,635334,54.63,-
06-SEP-2011,BROOKS,Brooks Lab Limited,DEEPAK SHANTILAL CHHEDA,BUY,105423,54.13,-
Rakesh Jhunjhunwala to donate his wealth
Billionaire investor Rakesh Jhunjhunwala, often referred to as India's Warren Buffet for his investment strategy, has decided to pledge one-fourth of his wealth for charity -- marking yet another common-ground with the legendary American investment guru.
Besides his investment acumen, Buffett is also known for his philanthropy and recently asked wealthy Indians to give away part of their wealth towards charity.
Markets under bear grip in Aug, post biggest monthly fall since Jan
The Indian markets have been turbulent in August 2011 on the back of global uncertainty and FII selling. The Sensex tumbled 8.36% and the Nifty dropped 8.77%
Major news for the month:
July inflation at 9.22% versus 9.44%
June IIP at 8.8% versus 5.6%
L&T Q1 net profit up 12%
Bharti Airtel Q1 consolidated net profit down nearly 28%
Tata Motors Q1 consolidated net profit at Rs2,000 crore
India’s factory output falls to a 20-month low in July
Q1FY12 GDP at 7.7% versus 9.3% yoy
Nifty September 2011 futures at premium
Turnover surges
Nifty September 2011 futures were at 5,068.25, at a premium of 3.95 points over spot closing of 5,064.30. Turnover in NSE's futures & options segment surged to Rs 109932.97 crore from Rs 82058.49 crore on Monday, 5 September 2011.
Reliance Industries September 2011 futures were at 824.55, near spot closing of 825.10.
Market scales 3-1/2 week closing high
The key benchmark indices edged higher amidst high volatility to scale 3-1/2 week closing highs aided by firm European stocks. The BSE Sensex was up 149.48 points or 0.89%, up close to 375 points from the day's low. The market breadth was positive. Index heavyweight Reliance Industries jumped more than 4%. Other index heavyweights, Larsen & Toubro, Infosys and ICICI Bank too gained.
The S&P CNX Nifty settled above the psychological 5,000 mark after sliding below that level at the onset of the day's trading session. Auto stocks were in demand on reporting good sales figures for August 2011. Bike makers Hero MotoCorp and Bajaj Auto retreated after scaling record peaks. Software stocks rose on bargain hunting reversing an intraday fall triggered by concerns that a likely economic slowdown in the US and Europe will hit technology spending by overseas clients. Banking pivotals were mixed and were off day's low.
Bond Market News - Sep 6 2011
The investors of bond market got jolted with discount listing of Shriram City Union
The attraction for Bond issue has finally subsided, Uphill task for new bond issue
Muthoot Finance got 35,000 application,
Strong possibility of withdrawal and stop payment worth Rs. 80/85 crore
Most negative atmosphere for the bond issue, laid in pipeline following numerous
Application were reported withdrawn from Muthoot finance and Mannapuram
Mutual Fund market is too impacted badly as the
SBI Gold Scheme, opened on August 22, worth Rs. 800 crore
Could raise merely Rs. 80 crore
via Grey Market Sources
Grey Market Premiums - Sep 6 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | Discount |
| SRS Ltd. | 58 | 2 to 2.50 |
| T. D. Power Systems | 256 | 4 to 5 |
| P. G. Electroplast | 190 to 210 | -- |
| Manappuram Finance | 1000 | 7 to 8 |
| Muthoot Finance | 1000 | 10 to 11 |
Markets may open lower
Euro zone debt worries and US recession woes may again drag the Indian markets in the opening trade. The markets will follow global cues for direction
Headlines for the day:
Cabinet clears land acquisition Bill
Maruti's 3rd plant at Manesar to be delayed due to labour & sales woes
Hero Group enters hospitality business
A weak opening on cards on global market jitters
The market is geared for a weak session of trade on weak global cues marred by fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a fall of 41.50 points at the opening bell. However the recent resumption of buying by foreign funds may cap steep fall.
Foreign institutional investors (FIIs) bought shares worth Rs 133.22 crore on Monday, 5 September 2011, as per provisional data from the stock exchanges. Domestic institutional investors (DIIs) bought shares worth Rs 147.23 crore on that day.
Daily News Roundup - Sep 6 2011
Mahindra & Mahindra has raised prices by up to 2% for its entire range of products last month to offset the impact of high raw material rates. (FE)
BHEL has bagged a Rs13bn contract from NMDC for handling raw material at its steel plant at Nagarnar in Chhattisgarh. (BL)
Neyveli Lignite Corporation plans to invest Rs402bn to build power plants in Tamil Nadu, Rajasthan and Uttar Pradesh. (BS)
Sensex shows resilience…Nifty retains 5000
It was a strong show of resilience by the Indian equity markets even as the equities in other parts of the world sank on downbeat US jobs data and concerns over European debt crisis. Turnaround came in the afternoon after a disappointing morning session. Markets even ignored sharp drop in Indian service sector PMI for August.
Indian markets took heart from the recent turnaround in FIIs flows. Foreign investors have been net buyers over the last few sessions after offloading more than US$2bn last month. Moreover, monsoon has been good over the past couple of weeks, raising hope of some softening in food inflation once the new crop comes to the market.
Sensex shows resilience…Nifty retains 5000
It was a strong show of resilience by the Indian equity markets even as the equities in other parts of the world sank on downbeat US jobs data and concerns over European debt crisis. Turnaround came in the afternoon after a disappointing morning session. Markets even ignored sharp drop in Indian service sector PMI for August.
Indian markets took heart from the recent turnaround in FIIs flows. Foreign investors have been net buyers over the last few sessions after offloading more than US$2bn last month. Moreover, monsoon has been good over the past couple of weeks, raising hope of some softening in food inflation once the new crop comes to the market.
Starting trouble!
"I never had a policy; I have just tried to do my very best each and every day." - Abraham Lincoln.
The government is trying to do its best these days. UPA II has been besieged by a spate of corruption cases over the past several months. This has left crucial policy making in a limbo. Lately, the Centre has been able to reverse the drift and has announced some promising measures. The new Land Acquisition Bill is one of them. The arrest of mining barons – the Reddy brothers – is seen as another.
Sensex slips 108 points on global growth worries
After three consecutive sessions of gains, the Indian markets came under pressure today on renewed concerns that the United States may again slip into recession
Major headlines
BF Utilities shoots up on land development deal
India's services sector growth slow in August
Everonn Education hits lower circuit after MD's arrest
BSE Small-Cap, Mid-Cap indices in green
Key benchmark indices edged lower in a volatile trading session as data showing a slowdown in India's services sector growth in August 2011, US recession worries and the ongoing euro-zone debt crisis offset Moody's Investors Services' positive outlook on India's rupee-denominated bonds, a likely fall in inflation due to lower global commodity prices and also due to good monsoon rains and expectations of increase in rural income due to good rains. The 50-unit S&P CNX Nifty regained the psychological 5,000 level after falling below that level in intraday trade. The barometer index BSE Sensex shed 108.13 points or 0.64%, up close to 150 points from the day's low and off close to 50 points from the day's high.
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