Friday, September 30, 2011
Warren Buffett said on Friday he is still eager to buy companies and stocks, even as his conglomerate Berkshire Hathaway launches its first-ever share buyback program.
Buffett, in a CNBC interview, said the repurchases will not stop the company from making acquisitions or spending on infrastructure for its portfolio of companies.
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
30/9/2011 505665 ABC Bearings-$ ANIL KUMAR GOEL S 90000 108.00
30/9/2011 533270 Bedmutha Inds EQUILINKCAPITALMANAGEMENTSERVICESLIMITED B 150000 108.25
30/9/2011 533270 Bedmutha Inds MEENA KISHORE PATKI S 150000 108.25
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-SEP-2011,AMTEKINDIA,Amtek India Limited,V P PATEL,BUY,735000,136.58,-
30-SEP-2011,DEWANHOUS,Dewan Housing Fin Corp,SILICON FIRST REALTORS PRIVATE LIMITED,BUY,672286,231.72,-
30-SEP-2011,EASUNREYRL,Easun Reyrolle Relays,SOWRAJ INVESTMENTS PVT.LTD,BUY,228000,72.04,-
30-SEP-2011,GTL,GTL Limited,TRANSGLOBAL SECURITIES LTD.,BUY,586514,59.98,-
Negative news on the domestic front and weak global cues dragged the markets lower today. The Sensex lost 244 points and the Nifty slipped 72 points
Cabinet approves new Mining Bill; Coal India, Tata Steel drop
RBI approves Reliance Capital’s stake sale in life insurance unit
CBI probes Anil Ambani in 2G scam; ADAG stocks fall
Bharti tower unit IPO unlikely this fiscal year
TTK Prestige rises on buzz of buying Italian firm
Auto and cement shares will be in focus next week as companies from these two sectors start unveiling monthly sales data for September 2011. Cement sales is likely to pick up as monsoon withdraws. On the other hand, higher interest rates and recent petrol price hike is expected to adversely impact sales of cars and two-wheelers during the festive season. The timing of the latest petrol price hike has been bad for auto firms. The festive season started early this month and it will last until Diwali, the festival of lights, at the end of October 2011. Sales normally pick up during the festive season every year.
Key benchmark indices edged higher in volatile trade, buoyed by European policy makers' efforts to support European countries struggling with debt. Good monsoon rains also aided sentiment. Fears of muted-to-weak Q2 September 2011 corporate earnings capped gains. The market declined in three out of five trading sessions during the week.
Stocks were volatile as traders rolled over positions in the futures & options (F&O) segment from September 2011 series to October 2011 series. The September 2011 derivatives contracts expired on Thursday, 29 September 2011.
Key benchmark indices slumped during the second half of the trading session as world stocks fell on concerns European leaders won't move as quickly as hoped to take additional steps to contain the ongoing debt crisis in the euro zone. Likely muted-to-weak Q2 September 2011 corporate earnings also weighed on sentiment as the 50-unit S&P CNX Nifty below the psychological 5,000 mark, a day after regaining that level on Thursday, 29 September 2011. The barometer index BSE Sensex lost 244.31 points or 1.46%, off 291.40 points from the day's high and up 48.98 points from the day's low. The market breadth was weak.
Gold ends mildly lower while silver climbs up
Precious metals ended mixed on Thursday, 29 September 2011 at Comex. Yellow metal prices dropped after oscillating between red and green for the entire day. Prices remained a bit volatile after dollar slipped and the German parliament earlier Thursday voted overwhelmingly to increase the size and flexibility of the euro-zone rescue fund.