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Friday, October 28, 2011

Eros Intl announces stunning opening for Ra.One

Eros International Media Ltd a leading global company in the Indian film entertainment industry has announced a stunning opening for Shah Rukh Khan’s Ra.One, produced by Red Chillies Entertainments which released across theatres worldwide on 26th October 2011. The Diwali release has garnered a bumper gross collection of Rs62.50 crore in its opening two days of Diwali and New Year.

Ra.One grossed Rs26.5 crore with a net of Rs18.5 crore on Wednesday October making it the highest ever Diwali day collection in the history of Indian cinema. The second day collections on Thursday 27th October were even more impressive with the film raking in Rs36 crore gross with a net of Rs25.10 crore making it the highest collection ever for a single day for an Indian film. Also in the overseas market film has shown magnificent performance being the highest collections for any Indian film so far.

Fireworks on Dalal Street: Sensex skyrockets 516 points

Strong cues from global peers after the European Union leaders unveiled plans to resolve sovereign debt crisis led the Sensex to close 516 points and the Nifty 159 points up

Major headlines

NHPC hits monthly high after good Q2 results

Banking stocks gain on possible recapitalisation plan

Rupee touches 2-week high

Eros International announces stunning opening for Ra.One

Indian Hotels posts Q2 net profit at Rs8.12 crore

Second batch of Q2 results to dictate trend

Stock-specific activity may dominate trade in the near-term as Q2 earnings season gathers steam. Investors will closely watch the management commentary at the time of announcement of Q2 September 2011 results, which will provide cues on futures earnings outlook. Automobile and cement stocks will be focus as companies from these two sectors start unveiling sales volume data for October 2011 from Tuesday, 1 November 2011.

Shares of car major Maruti Suzuki and housing finance major LIC Housing will on Monday, 31 October 2011, react to their Q2 results to be announced on Saturday, 29 October 2011. ICICI Bank, Wipro, Hindustan Unilever, Dabur India, Colgate Palmolive (India), NMDC and BPCL unveil Q2 results on Monday, 31 October 2011. Cement majors ACC and Ambuja Cements, Punjab National Bank, HPCL and Aditya Birla Nuvo unveil quarterly results on Tuesday, 1 November 2011. Sun TV Network, Ashok Leyland and TVS Motor report Q2 results on Thursday, 3 November 2011. ONGC, Bharti Airtel and GlaxoSmithKline Pharmaceuticals unveil quarterly results on Friday, 4 November 2011.

HT Media

HT Media

BSE Bulk Deals to Watch - Oct 28 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
28/10/2011 532363 Compulearn SUDHEER BABU PINNAMANENI B 111405 12.91
28/10/2011 532363 Compulearn HEMENDRA RATILAL MEHTA B 175000 12.27
28/10/2011 532363 Compulearn SUDHEER BABU PINNAMANENI S 116358 12.89
28/10/2011 532363 Compulearn VIJAYKUMAR LALCHAND S 103180 12.48
28/10/2011 508860 DIAMANT JIGAR PRAFUL GHOGHARI B 185000 16.20
28/10/2011 508860 DIAMANT KIRAN BHIKU BHANAES S 353263 16.30

NSE Bulk Deals to Watch - Oct 28 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-OCT-2011,EDELWEISS,Edelweiss Fin Serv Ltd,FIRST CARLYLE VENTURES MAURITIUS,BUY,29118922,29.50,-
28-OCT-2011,FLEXITUFF,Flexituff Inter Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,176066,225.56,-
28-OCT-2011,FLEXITUFF,Flexituff Inter Limited,GKN SECURITIES,BUY,145749,226.07,-
28-OCT-2011,FLEXITUFF,Flexituff Inter Limited,MUSKAN AGENCIES AND TRADING LTD,BUY,170649,224.39,-

Kotak Mahindra Bank

Kotak Mahindra Bank

Mindtree Ltd

Mindtree Ltd

Muthoot Finance jumps on strong Q2 outcome

Muthoot Finance jumped 6.29% to Rs 177.50 at 11:09 IST on BSE after net profit surged 88.3% to Rs 215.56 crore on 108.6% spurt in operating income to Rs 1104.87 crore in Q2 September 2011 over Q2 September 2010.

The result was announced on Wednesday, 26 October 2011, when the Indian equity market was closed on account of Diwali.

Market shoots up on Euro bailout plan

The market surged last week as investors build fresh positions after a long-awaited plan to resolve the European debt crisis was announced on Thursday (27 October 2011). Investors sentiment was also boosted after the Reserve Bank of India (RBI) hinted that its latest 25 basis points rate hike could possibly be its last in the current interest rate cycle. Key benchmark indices rose in all three trading sessions last week. The market was shut on Wednesday (26 October 2011) and Thursday (27 October 2011), on account of Diwali.

Sensex surges more than 500 points on Europe deal, US data

European Union leaders' efforts to contain the euro zone debt crisis and data showing the US economy grew in the third quarter at its fastest pace in a year stoked appetite for riskier assets with Indian bourses being no exception. Key benchmark indices surged to hit 11-1/2 week closing highs. The market gained for the fourth straight day. The BSE Sensex was up 515.97 points or 2.98%, off close to 100 points from the day's high and up about 130 points from the day's low. The market breadth was strong. Buying was witnessed across the board with all the 13 sectoral indices on BSE clocking gains.

Daily News Roundup - Oct 28 2011

IGATE Patni announced it had extended its multi-year, multimillion-dollar contract with The Mosaic Company. (BS)

Wipro Technologies is restructuring its computer infrastructure management services business by merging the global and domestic functions as part of an ongoing exercise to reduce overlap among different units. (ET)

ONGC Videsh Ltd’s acquisition Imperial Energy Corp has seen crude oil output dropping by 15% to about 15,000 barrels per day in the past three months as high tax rates deter the company from drilling new wells. (BS)

Post-Diwali blast on cards

"Patience is the ability to count down before you blast off." – Anonymous.

Samvat 2067 ended with a bang despite another rate hike. Mahurat Trading was a bit of a damp squib, as Indian investors awaited the outcome of the crucial eurozone summit. But, the start to Samvat 2068 promises to be a bright one, now that the much-awaited deal to contain the eurozone debt contagion has been sealed.

Healthy start likely on EU rescue deal

A long-awaited plan to resolve the European debt crisis encouraged global investors to put money back in markets. It is expected to be a strong start tracking buoyant global stocks.

Headlines for the day

Greek debt deal ignites global market rally

Manufacturing policy to offer tax sops on case-to-case basis

PSBs to wait for capital

BSNL dials SOS on roaming pacts

Sebi green light for new companies bill

Copper heads up

Base metal prices take a big leap on latest developments for Europe

Red metal prices at Comex ended substantially higher on Thursday, 27 October 2011. Copper prices rose, heading for a record weekly rally, after European leaders agreed to expand a bailout fund to ease the region's sovereign-debt crisis. Better than expected economic data and weak dollar also helped prices go up considerably higher.

Precious metals continue to add glaze

Prices extend gains for fifth straight day

Precious metals ended higher for fifth consecutive day on Thursday, 27 October 2011 at Comex. Prices shone as the dollar weakened and traders cheered the latest plan of euro zone to contain its sovereign debt crisis.

Gold for December delivery ended higher by $24.2 or 1.4%, to end at $1,747.7 an ounce on the Comex division of the New York Mercantile Exchange on Thursday. It was highest close for gold in five weeks. Last week, gold lost 2.8%, erasing all of its prior week's gains. For the month of September, gold shed 11%. It registered a rise of 8% for the third quarter ending September.

Crude gallops ahead

Prices rise following weak dollar, positive data and latest developments in the euro zone

Crude prices ended substantially higher on Thursday, 27 October at Nymex. Prices rose as the dollar weakened and traders cheered the latest plan of euro zone to contain its sovereign debt crisis. Better than expected economic data also helped prices go up considerably higher.

Light and sweet crude for November delivery rose $3.76 (4.2%) to $93.96 a barrel on the New York Mercantile Exchange on Thursday. That was highest settlement for crude in almost three months time. Last week, crude gained 0.7%. 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.

Market may extend recent gains on firm Asian stocks

The market may extend recent strong gains on firm Asian stocks buoyed after an agreement was reached by the European leaders to help contain the region's two-year debt crisis. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 83.50 points at the opening bell.

Key benchmark indices edged higher to attain 11-1/2-week closing highs during the auspicious Muhurat trading session on Wednesday, 26 October 2011, on hopes that a much-awaited summit of euro-zone leaders will present a convincing plan to handle the 2-year old euro-zone debt crisis. The BSE Sensex rose 33.97 points or 0.2% to settle at 17,288.83, its highest closing level since 5 August 2011.