BSE Bulk Deals to Watch - Oct 17 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
17/10/2011 526439 Ambitious Plast VIRAL PRAFUL JHAVERI S 40000 5.66
17/10/2011 531560 Aroma Enterprises JAYANTKUMAR & COMPANY PROP :JAYANTKUMAR MANUBHAI P B 47500 82.00
17/10/2011 530187 Atharv Enter TRUSHA PRANAY MEHTA B 35575 27.72
17/10/2011 530187 Atharv Enter SURBHI BAJORIA B 50000 27.83
17/10/2011 530187 Atharv Enter HITESH RAMJI JAVERI S 75000 27.76

NSE Bulk Deals to Watch - Oct 17 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
17-OCT-2011,IBWSL,Indiabulls Wholesale Ser,NIKHIL SHASHIKANT UDANI PROP. DHAN SHARES & SECURITIES,BUY,274671,3.90,-
17-OCT-2011,LOGIXMICRO,Logix Microsystems Limite,FAZAL NABI SHAIK,BUY,568,20.32,-
17-OCT-2011,ONELIFECAP,Onelife Cap Advisors Ltd,A K G SECURITIES AND CONSULTANCY LTD.,BUY,87608,147.46,-

Markets end with marginal losses; RIL dips by 4%

After struggling for direction, the Indian markets closed the session with modest losses. Sensex closed the session 58 points lower and Nifty ended 14 points lower.

Major headlines

HDFC Q2 net profit up 20%

Zee Entertainment Q2 cons net profit jumps 27%

Nelcast jumps on strong Q2 results

NIIT rises after divestment in subsidiary

Cairn India jumps as crude oil prices rise

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Sensex, Nifty retract from 3-1/2-week highs

Key benchmark indices edged lower as index heavyweight Reliance Industries (RIL) fell almost 4% on reports the firm will suspend oil and gas drilling operations for an unspecified time until an internal valuation of its exploration and production strategy. The barometer index BSE Sensex settled above the psychological 17,000 mark, after alternately moving above and below that mark in intraday trade. The Sensex shed 57.60 points or 0.34%, up close to 95 points from the day's low and off about 160 points from the day's high. The market breadth was negative. The breadth alternately swung between positive and negative zone since early afternoon trade.

Grey Market Premiums - Oct 17 2011

Company Name	Offer Price (Rs.)	Premium (Rs.)
Vaswani Ind.	39.20 (XB Rate)	0.50 to 0.75
Swajas Air.	90	1.5 to 2
M & B Switch	186	2.50 to 3
One Life Capital	110	5.50 to 6
Takshell Solutions	150	2.50 to 2.75
Flexi tuff	145 to 155	1.50 to 1.75
Indo Thai Securities	74	1.50 to 1.75

NIIT

NIIT

Daily News Roundup - Oct 17 2011

Essar Power Gujarat Limited, a subsidiary of Essar Energy Plc has reinstated a 25-year long term power purchase agreement with Gujarat Urja Vikas Nigam Limited to supply 800 Mw. (BS)

Essar Steel has commissioned a Corex module at Hazira complex in Gujarat having a capacity of 0.87 MTPA. (BS)

Power Grid Corporation of India Ltd has achieved 85% electrification in 12 districts of Orissa under the Rajeev Gandhi Grameen Vidyutikaran Yojana. (BS)

Dewan Housing Finance Corporation Ltd plans to raise about Rs10bn before end-2011 or in the fourth quarter of this fiscal. (BL)

Sensex up 5% on week...Infy shines; IIP, Inflation disappoint

After a weak October start, the markets have bounced back with a vengeance shrugging concerns of low IIP and inflation numbers. The NSE Nifty blasted past the 5100 mark while the BSE Sensex recaptured the 17000 mark.

The BSE IT, Banking, Realty and the Metals index were among the major gainers.

Shares of Infosys rallied almost 10% during the week after the company announced consolidated net profit of Rs19.06bn as compared to Rs17.22bn in the previous quarter. The company has posted consolidated net sales at Rs80.99bn as compared to Rs74.85bn in the previous quarter. Other IT shares also advanced on expectations that they too will declare strong Q2 results in the days to come. Meanwhile, IIP grew by a modest 4.1% in August versus 4.5% in the same period a year earlier. The reading was lower than the consensus estimate of 4.7-4.8%.

Accepting the situation

Acceptance is not submission; it is acknowledgment of the facts of a situation. Then deciding what you're going to do about it. – KC Theisen.

The situation may demand caution but investors have indeed decided to take the risk. Indian equities logged one of their best weeks in recent memory, notwithstanding disappointing IIP and inflation reports. Strong earnings from Infosys coupled with growing optimism over the eurozone situation and hope of QE3 in the US were among the factors that drove the sentiment.

Markets may see a +ve start on hopes of Europe crisis plan

Indian markets are likely to see a positive start on hopes of Europe coming up with a plan to contain its debt crisis and recapitalise its banks.

Headlines for the day:

G-20 commitment on info exchange important achievement: Pranab.

Moser Baer workers go on strike.

Federal Bank eyes I-banking, equity broking foray.

Reliance Infrastructure to train 1 lakh students under 'YES' programme.

SAIL plans to set up rail coach factory in Bengal.

Fin Min for white-level ATMs to boost banking access.

Bright retail sales data pushes crude prices higher

Prices rise on expectation of higher demand for oil in coming months

Crude prices ended higher on Friday, 14 October at Nymex. Better than expected retail sales data for September and softer dollar boosted the crude price on expectation of higher demand for oil in coming months.

Light and sweet crude for November delivery rose $2.57 (3.1%) to $86.8 a barrel on the New York Mercantile Exchange on Friday. For the week, crude gained 4.6%. For the month of September, oil futures lost 11%, and for the quarter, crude incurred losses of 17%. It was the worst quarterly performance for crude in almost two years.

Precious metals shine

Prices register modest weekly gains

Precious metals ended higher on Friday, 14 October 2011 at Comex. Prices turned higher following better than expected retail sales data from the Commerce Department. A weak dollar also boosted prices.

Gold for December delivery rose $14.5 or 0.9%, to end at $1,683 an ounce on the Comex division of the New York Mercantile Exchange on Friday. For the week, gold gained 2.9%. For the month of September, gold shed 11%. It registered a rise of 8% for the third quarter ending September.

Market may extend recent gains on firm Asian stocks; RIL in focus

The market may extend recent gains on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 25 points at the opening bell.

Key benchmark indices surged to their highest levels in more than 3 weeks on Friday, 14 October 2011 as firm European shares, higher US index futures and data showing sustained buying by foreign funds recently boosted sentiment. The BSE Sensex jumped 198.77 points or 1.18% to settle at 17,082.69, its highest closing level since 20 September 2011.