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Thursday, September 22, 2011
BSE Bulk Deals to Watch - Sep 22 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
22/9/2011 533412 Aanjaneya Lifecare SONAL SHARES INVESTMENT & COMPANY(MEET SUMANBHAI PATEL) S 71200 491.97
22/9/2011 524760 Arvind Intl-$ HARSHA MAYURBHAI SHETH B 154931 18.53
22/9/2011 524760 Arvind Intl-$ HARSHA MAYURBHAI SHETH S 109331 18.62
NSE Bulk Deals to Watch - Sep 22 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
22-SEP-2011,ARSSINFRA,ARSS Infra Proj. Ltd,GARNET INTERNATIONAL LTD,BUY,116016,376.27,-
22-SEP-2011,EVERONN,Everonn Education Limited,TAINWALA FINANCIAL CONSULTANTS P LTD,BUY,100000,404.90,-
Operation Twist or Quit
Fed Chairman Ben Bernanke announced on Wednesday that he would shuffle up the Fed's portfolio, selling $400 billion worth of shorter-term securities and buying longer-term ones to boost the economy. The latest move is aimed at lowering long-term interest rates and prompting more investment
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Recent Sensex Biggest Crashes
Following are some of the biggest single day falls of the BSE Sensex in recent history:
| Sr. No | Date | Crash |
| 1 | January 21, 2008 | 1,408.35 points |
| 2 | Oct 24, 2008 | 1070.63 points |
| 3 | March 17, 2008 | 951.03 points |
| 4 | July 6, 2009 | 870 points |
| 5 | January 22, 2008 | 857 points |
| 6 | February 11, 2008 | 833.98 points |
| 7 | May 18, 2006 | 826 points |
| 8 | October 10, 2008 | 800.10 points |
| 9 | March 13, 2008 | 770.63 points |
| 10 | December 17, 2007 | 769.48 points |
| 11 | January 7, 2009 | 749.05 points |
| 12 | March 31, 2007 | 726.85 points |
| 13 | October 6, 2008 | 724.62 points |
| 14 | October 17, 2007 | 717.43 points |
| 15 | September 15, 2008 | 710.00 points |
| 16 | January 18, 2007 | 687.82 points |
| 17 | November 21, 2007 | 678.18 points |
| 18 | August 16, 2007 | 642.70 points |
| 19 | August 17, 2009 | 626.71 points |
| 20 | June 27, 2008 | 600.00 points |
| 21 | February 24, 2011 | 545.92 points |
| 22 | November 16, 2010 | 444.55 points |
| 23 | February 4, 2011 | 441.92 points |
| 24 | November 12, 2010 | 432 points |
| 25 | August 5, 2011 | 387.31 points |
| 26 | November 19, 2010 | 345.20 points |
Rupee slumps to 28-month low...Stocks plunge, Dollar jumps
The rupee plummeted to a new two-year low against the US dollar on Thursday on the back of relentless selloff in global equities and Asian currencies.
Also, the dollar climbed to a seven-month highs against major currencies after the Federal Reserve said that there were significant downside risks to the economy.
Terrible Thursday; Sensex tanks 704 points on global carnage
The sentiment remained bearish, with investors reacting badly to Fed’s policy decision and downbeat view on economic growth. The Sensex fell 704 points and the Nifty dropped 210 points
Major headlines
Gravita India soars on buying more stake in J&K unit
Food inflation at 8.84% versus 9.47%
Asahi Infra, Avon Corp, K Sera, IKF Tech down on SEBI’s order
Nifty September 2011 futures below 4950
Turnover jumps
Nifty September 2011 futures were at 4908.35, at a discount of 15.30 points compared to spot closing of 4923.65. Turnover in NSE's futures & options segment jumped to Rs 188323.36 crore from Rs 111982.80 crore on Wednesday, 21 September 2011.
Bharat Heavy Electricals September 2011 futures were at 1602.45, at a discount compared to spot closing of 1604.00.
Sensex slumps 4.1% amid global rout in equities
Fears of weak Q2 September 2011 corporate earnings and a rout in global stocks triggered by data showing a further slowdown in China's manufacturing sector and Federal Reserve's assessment that the US economy faces significant downside risks rattled Indian shares. The 50-unit S&P CNX Nifty settled near 3-1/2-week closing low below the psychological 5,000 level. The barometer index BSE Sensex settled near 4-week trough. The Sensex tanked 704 points or 4.13%, up close to 45 points from the day's low and off about 470 points from the day's high.
Daily News Roundup - Sep 22 2011
The agitating workers of Maruti Suzuki India are convening a joint convention of various unions in the Gurgaon-Manesar manufacturing hub for a final showdown. (ET)
Sterlite Technologies has received a contract worth Rs1.14bn from BSNL to build a broadband network. (ET)
Apollo Hospitals will divest minority stake in Apollo Health Street, the group's BPO division. (BL)
Twisting Thursday
What separates the winners from the losers is how a person reacts to each new twist of fate. - Donald Trump.
Survivors are winners in such kind of markets. There are no real surprises in the US Federal Reserve’s much-hyped ‘Operation Twist’. The FOMC has unveiled a $400bn debt-swap program to shake the US economy out of its deep slumber. The Fed has also warned of significant downside risk to US growth from the turmoil in the eurozone.
Crude slips despite big drop in crude stockpiles
Prices end lower following demand concerns which rise after Fed meeting
Crude prices ended lower on Wednesday, 21 September, 2011 at Nymex. Prices rose earlier during the day following the weekly inventory report which showed a bigger than expected drop in crude stockpiles for last week. Most traders also awaited the outcome of the Federal Open Market Committee meeting, which ended with a statement on Wednesday. Prices pared gains following Fed's statement. Prices fell in tandem with US equities which ended considerably lower following downgrades of debts of US banks.
Bullions end mixed
Gold settles lower while silver shines ahead of FOMC meet
Precious metals ended mixed on Wednesday, 21 September 2011 at Comex. Gold ended marginally lower after spending the entire day in the red. Silver prices ended higher. Bullions ended mixed as most metals traders awaited the outcome of the Federal Open Market Committee meeting. The dollar index slipped marginally today.
Gold for December delivery fell $1 or 0.1%, to end at $1,808.1 an ounce on the Comex division of the New York Mercantile Exchange on Wednesday. Last week, gold lost 2.4%. It rose by $201 or 12% during the month of August.
Copper firms up
Supply-and-demand fundamentals for copper provide support for the metal
Copper prices at Comex ended higher on Wednesday, 21 September 2011. Supply-and-demand fundamentals for copper continued to strengthen, providing support for the metal. Copper also rose as Federal Reserve policy makers met to consider ways to boost economic growth.
Copper for December delivery ended higher by 4 cents (1%) to $3.76 a pound at Comex on Wednesday. Last week, copper lost 1.8%. Copper ended the month of August lower by 6.3%.
Market may slide on weak Asian stocks; food inflation data eyed
The market is likely to open on a weak note tracking lower Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 74 points at the opening bell. Fears of weak Q2 September 2011 corporate earnings are also likely to weigh on sentiment. Nearly a quarter of top 100 companies have paid lower advance tax in Q2 September 2011.
On the flip side, the Indian government's decision to defer the mega Rs 11000 crore follow-on public offer (FPO) of ONGC has helped ease concerns of the large issue sucking secondary market liquidity. As per the original plan, the FPO was scheduled to open for bidding on Tuesday, 20 September 2011.
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