BSE Bulk Deals to Watch - Sep 14 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
14/9/2011 517356 ACI Infocom ACELERE BROKING B 108000 43.35
14/9/2011 517356 ACI Infocom SKM CAPITAL & HOLDINGS PRIVATE LIMITED S 120000 43.35
14/9/2011 522150 Aditya Forge JACOB CV S 24000 8.51
14/9/2011 524760 Arvind Intl-$ HARSHA MAYURBHAI SHETH B 85185 20.66

NSE Bulk Deals to Watch - Sep 14 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
14-SEP-2011,A2ZMES,A2Z Mnt. & Eng. Serv Ltd,DEVDHAR TRADING AND CONSULTANTS PRIVATE LIMITED,BUY,1875000,211.20,-
14-SEP-2011,ESSELPACK,Essel Propack Ltd.,GANJAM TRADING CO PVT LTD,BUY,2500000,36.75,-
14-SEP-2011,EVERONN,Everonn Education Limited,JMP SECURITIES PVT LTD,BUY,146241,274.85,-
14-SEP-2011,EVERONN,Everonn Education Limited,SHREE NAMAN SECURITIES & FINANCE PVT. LTD,BUY,116383,268.87,-

Market snaps three-day losing streak

Gains in European shares triggered by hopes of some moves from European leaders towards easing the euro-zone sovereign debt crisis helped Indian shares break a three-day losing streak. The 50-unit S&P CNX Nifty settled above the psychological 5,000 mark, having alternately swung above and below that mark during the second half of the trading session. The barometer index BSE Sensex jumped 242.16 points or 1.47%, up about 320 points from the day's low and off close to 40 points from the day's high.

Sensex discounts high inflation, rises 242 pts on IT support

Tremendous gains in the IT stocks helped the Indian markets to close the trade on a buoyant note, snapping three-day of losses. The Sensex rose 242 points and the Nifty gained 72 points

Major headlines

August inflation at 9.78% versus 9.22% in July

GTL out of F&O from September 16

SREI Infrastructure takes beating on alleged promoter fraud

IT stocks rise as rupee falls to nearly 2-year low

Reliance Capital receives approval from IRDA for Nippon deal

Grey Market Premium - Sep 14 2011

Company Name	Offer Price (Rs.)	Premium (Rs.)
Vaswani Ind.	49	Discount
SRS Ltd.	58	2 to 2.50
P. G. Electroplast	190 to 210	3 to 3.50
ONGC (FPO)	--	--
ONGC (ASBA)
ONGC (Confirm)
Muthoot Finance	1000	10 to 11
Religare Finvest	1000	--

Daily News Roundup - Sep 14 2011

Maruti Suzuki India said it has dismissed five more workers at its Manesar plant on disciplinary grounds while recruiting 100 new people to replace the existing workers, who have refused to sign the good conduct bond. (ET)

Jaguar Land Rover expects to decide on a local partner for production in China by the end of this year. (ET)

United Breweries is betting big on beer brand Heineken to take on Danish brewer Carlsberg, which has a 70% share in the super-premium beer segment in India. (ET)

Nifty ends below 4950…erases early gains

After a sharp decline in the past two days, the Indian markets took a breather as the benchmark indices ended on flat note on Tuesday. Overnight gains in the US and Asian markets saw the benchmark indices open with smart gains. The NSE Nifty remained above the 5000 mark in the first hour led by gains in the IT & Oil & Gas stocks. However, markets erased all the early gains as a fresh bout of selling in the Auto, PSU and Pharma stocks saw the Nifty hit a low of 4911.

Pushing for a pause!

Neither situations nor people can be altered by the interference of an outsider. If they are to be altered, that alteration must come from within. - Anonymous.

Looks like the Government has pressed the panic button post the dismal IIP data. The Finance Minister indirectly urged the RBI to halt its tightening. His economic advisor has gone a step ahead by blaming the series of rate hikes for the economic slowdown. Markets of course are also hoping for a pause from the RBI. Whether the central bank obliges is anybody’s guess.

Bullions gather shine

Prices go up as Europe's debt troubles continue

Precious metals ended higher on Tuesday, 13 September 2011 at Comex. Prices were back to add to their gains after fiscal and financial conditions in Europe once again worried investors and traders started selling stocks earlier during the day. The dollar stayed steady in the course of the day. Europe's sovereign debt crisis problems enticed traders back to precious metal.

Crude shoots up again

Prices soar as IEA cut its forecast of global crude demand and stockpiles

Crude prices ended substantially higher on Monday, 13 September, 2011 at Nymex. Prices shot up as traders were back in buying action though fiscal and financial conditions in Europe continued to worry investors. The dollar stayed steady in the course of the day. Prices also soared as IEA cut its forecast of global crude demand.

Market may edge higher on firm Asian stocks; August inflation data eyed

The market may snap three-day 4% losses on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 85 points at the opening bell. Inflation based on wholesale prices is forecast at 9.6% for August 2011, higher than a reading of 9.22% in July 2011, as per the median estimate of 13 economists polled by Capital Market. The data is due today, 14 September 2011. Eleven out of twelve economists polled by Capital Market expect a 25 basis points (bps) hike in repo rate, the key short-term policy interest, from the Reserve Bank of India at its mid-quarter policy review on Friday, 16 September 2011.