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Monday, November 07, 2011
FIIs step up buying
Foreign institutional investors (FIIs) have been net buyers in the Indian stock market since the central bank indicated a coming pause in its monetary tightening policy and European Union (EU) leaders agreed to a bailout plan to contain the region’s debt crisis.
In just five sessions since the Reserve Bank of India’s (RBI) monetary policy announcement on October 25, FIIs have net-purchased Indian shares worth Rs 3,147 crore ($644 million), showed data on the Securities and Exchange Board of India (Sebi) website. For the week ended November 2, India-focused equity funds registered their biggest retail investor inflow since mid-December 2010, according to EPFR Global, which tracks fund flows into world markets.
Sunday, November 06, 2011
BHEL, Thermax rise as Govt mulls 14% import duty on power gear
Shares of Bharat Heavy Electricals Ltd. (BHEL), Thermax and BGR Energy rallied amid media reports that the Government was contemplating imposing 14% import duty on power equipment to curb the influx of cheaper products, primarily from China. The Union Heavy Industries Ministry has sought the Government’s approval for a proposal to impose a 14% import duty on power equipment, Minister Praful Patel said in New Delhi today. Officials from companies, including BHEL, Larsen & Toubro Ltd. met Patel in New Delhi today. There seemed to be a consensus for ensuring a level-playing field for the domestic power equipment manufacturers like BHEL and L&T vis-a-vis Chinese imports. In 2010, a panel headed by Planning Commission member Arun Maira recommended 14% import duties to bridge the disadvantage faced by local manufacturers against overseas rivals, especially from China. "We are asking for a level playing field, we are not asking for any special protection," BHEL Chairman B. Prasad Rao told reporters in New Delhi after today’s meeting. "There is agreement that the old argument about indigenous manufacturing not having enough capacity to carry India is no longer valid," Rao added. "We are not asking for protection, only level-playing field... there seems to be a consensus on this," L&T Chairman A.M. Naik told reporters after the meeting. Besides the industry players, senior officials of the Ministries of Heavy Industries, Power and Commerce attended the meeting. Currently, the projects with less than 1,000 MW generation capacity attract 5% import duty while the rest enjoy duty free import of equipment.
India's fiscal deficit soars to 70% of FY12 estimate
India's budget deficit for the first six months of the current fiscal has crossed 70% of the full year target, adding to fears that the Government won't be able to contain it within the projected levels. Fiscal deficit for the April-September 2011 period was almost double of the year-ago period, according to the data released by the Controller General of Accounts (CGA). The budget shortfall for the first six months of FY12 stood at Rs. 2.92 lakh crore versus Rs. 1.33 lakh crore in the same period of the last financial year. However, the pace of increase in the fiscal deficit slowed in September compared to August. The fiscal deficit surged from 39.4% of FY12 target in June, to 55.4% in July, and further to 66.3% in August. The Government has set a target of 4.6% of GDP, but most economists see it above 5.5% of GDP. Plan expenditure was only 40.3% of the budget estimates at the end of the first six months, as against 45.5% in the year-ago period. Gross tax revenues for April-September 2011 were up 10.2% from the same period last year. On a net basis, after setting aside the share of states, it is up only 4.1% because of heavy refunds. Non-tax revenue for the first half of FY12 is just a third of what was achieved last year. Non-tax revenue collection stood at Rs. 507.97bn this year versus Rs. 1.69 lakh crore in the year-ago period when the Centre benefited from the bumper sale of spectrum for 3G services and wireless broadband. At Rs. 2.43 lakh crore, total tax revenue collection in the April to September period of 2011 was slightly higher than last year compared to Rs. 2.33 lakh crore in the first half of last year. However, in terms of budget targets for FY12, it was just 36.6% as against 43.7% in the first six months of FY11. Plan and non-plan expenditure were higher than last year in absolute terms.
Food inflation spikes to 9-month high
Food inflation in India accelerated further in the penultimate week of October, driven by soaring vegetable prices even as onion prices tumbled. Inflation in the fuel group declined. Data released by the government on Thursday showed that food inflation rose to 12.21% year on year for the week ended October 22, compared with 11.43% in the preceding week. Food inflation stood at 13.55% in the corresponding week last year. Inflation in the Primary Articles group increased to 12.08% in the week under review, from 11.75% in the week ended October 15, according to the Commerce Ministry statement. It was at 17.09% in the year-ago period. Inflation in the Fuel & Power group fell to 14.50% in the week ended October 22 from 14.70% in the previous week, the Government data showed. It was at 10.67% in the comparable week of the previous year. Inflation in the Non-Food Articles space declined to 6.43% in the week under review from 7.67% in the previous week, the Government data showed. It was at 25.09% in the same period a year earlier. Inflation in the Minerals group was at 21.59% in the week ended October 22, unchanged from the week ended October 15, according to the Commerce Ministry data. Inflation in this group stood at 29.09% in the year-ago period.
World markets shaken by fresh Greek tremors
Global markets once again went through a tumultuous week after Greek's embattled prime minister George Papandreou stunned everyone by proposing a public vote on the EU bailout for the debt-stricken nation. He also called for a confidence vote in parliament, sending the highly indebted eurozone country into a political turmoil. The shocking development sparked off worries over the fate of Greece in the 17-member exclusive club called the eurozone. In fact, France and Germany were so upset they suspended the next tranche of emergency aid for Greece pending the referendum.
Weekly Stock Picks - Nov 6 2011
Buy Tata Steel
Buy Mcdowell
Buy Godrej Inds
Buy Century Textiles
Buy Sterlite Inds
Petrol prices hiked again
Shares of public sector oil marketing companies rose on Friday after they hiked petrol prices by Rs 1.82 per litre. Following the latest increase, petrol will cost Rs 68.64 per litre in Delhi, up from Rs 66.64 a litre. The retail selling price in different cities will vary according to local taxes. This is the second hike in petrol prices in less than two months. The OMCs had earlier increased petrol prices by Rs 3.14 a litre on September 16.
On Tuesday, HPCL Finance Director B Mukherjee said that the company was losing Rs 1.50 a litre on petrol. As on November 1, the OMCs are losing Rs. 9.27 a litre on diesel, Rs. 26.94 a litre on kerosene, and Rs. 260.50 on LPG cylinder.
Saturday, November 05, 2011
Latest - Rakesh Jhunjhunwala - Nov 2011 Portfolio Update
Company | %Holding | No of Shares (in Lakhs) | Rs Crore |
| A2Z Maintenance and Engineering Services | 17.22 | 127.73 | 216 |
| Viceroy Hotels | 10.02 | 42.50 | 12 |
| Geojit BNP Paribas Financial Services | 7.88 | 180.00 | 33 |
| Praj Industries | 7.39 | 136.54 | 115 |
| Bilcare | 7.37 | 17.35 | 54 |
| Titan Industries | 7.15 | 635.09 | 1,377 |
| Rallis India | 6.47 | 125.92 | 207 |
| Ion Exchange (India) | 6.47 | 8.75 | 11 |
| Geometric | 6.29 | 39.40 | 18 |
| Zen Technologies | 5.06 | 4.50 | 5 |
| Agro Tech Foods | 4.52 | 11.01 | 45 |
| VIP Industries | 4.47 | 12.63 | 20 |
| Adinath Exim Resources Ltd | 4.45 | 1.83 | 0 |
| Autoline Industries | 4.26 | 5.20 | 5 |
| Delta Corp | 3.35 | 75.00 | 76 |
| Titan Industries | 2.49 | 221.16 | 479 |
| Alphageo (India) | 2.43 | 1.25 | 1 |
| Reliance Broadcast Network | 2.20 | 17.50 | 11 |
| Sterling Holiday Resorts (India) | 2.16 | 12.50 | 13 |
| Lupin | 2.02 | 90.25 | 436 |
| NCC | 1.95 | 50.00 | 26 |
| A2Z Maintenance and Engineering Services | 1.89 | 14.00 | 24 |
| Subex | 1.80 | 12.50 | 5 |
| Provogue (India) | 1.66 | 19.00 | 5 |
| Hindustan Oil Exploration Company | 1.57 | 20.50 | 24 |
| Mcnally Bharat Engineering | 1.48 | 4.60 | 5 |
| VIP Industries | 1.45 | 4.10 | 6 |
| Hindustan Oil Exploration Company | 1.35 | 17.62 | 21 |
| Pantaloon Retail (India) - B-DVR | 1.32 | 2.11 | 3 |
| Viceroy Hotels | 1.18 | 5.00 | 1 |
Company | %Holding | No of Shares (in Lakhs) | Rs Crore |
| Bilcare | 1.14 | 2.68 | 8 |
Sun TV - all is not well
A day after Kalanithi Maran's Sun TV met analyst expectations on Q2 topline and bottomline, analysts on Friday for the first time spotted signs of pressure on the media house's revenues due to recent policy issues, including the nationalisation of cable distribution business in TN.
Accordingly, Sun TV's subscription revenues from analog (contribution from cable distributors) fell 16% to Rs 47 crore in Q2 compared to Q1. Its revenues from direct-to-home (contribution from DTH operators for content) was down 6% quarter-on-quarter to Rs 79 crore. Both these revenue streams had grown over the year-ago period.
Via Economic Times
Friday, November 04, 2011
Markets end with modest gains
The Sensex rose 81 points and the Nifty surged 18 points at the close, erasing most of its early gains on pressure from oil & gas stocks.
Major headlines
Supreme Court grants bail to Satyam founder Raju
Telecom shares gain as TRAI proposes easier merger rules
Bharti Airtel Q2 consolidated net profit drops by 38%
Gujarat Gas Q2 consolidated net profit jumps by 43%
Marico Q2 consolidated net profit up by 9%
BSE Bulk Deals to Watch - Nov 4 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
4/11/2011 512161 8K Miles Software SURENDRA MANGALDAS MARFATIA B 40000 45.50
4/11/2011 531358 Choice Intl JITENDRA SHANTARAM BERDE B 41928 55.89
4/11/2011 511672 Clarus Finance PERFECT HOMFIN PRIVATE LIMITED S 100000 43.00
4/11/2011 532363 Compulearn S.K. KANKAL B 115000 14.72
4/11/2011 512379 Cressanda Sol RAHUL AGARWAL S 70500 5.40
4/11/2011 532823 Euro Ceramics DAKSHA SUBHASH SHAH B 190800 13.63
NSE Bulk Deals to Watch - Nov 4 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
04-NOV-2011,GITANJALI,Gitanjali Gems Limited,SUPARSHVANATH STK & SER P. LTD,BUY,453395,356.69,-
04-NOV-2011,HOVS,HOV Services Limited,HEENA GANDHI,BUY,67622,62.16,-
04-NOV-2011,IBWSL,Indiabulls Wholesale Ser,SURENDER SINGH,BUY,300000,6.14,-
04-NOV-2011,INDOTHAI,Indo Thai Sec Ltd,A K G SECURITIES AND CONSULTANCY LTD.,BUY,64533,21.80,-
04-NOV-2011,INDOTHAI,Indo Thai Sec Ltd,ALIVE CONSULTANTS ALIVE,BUY,57609,22.08,-
04-NOV-2011,INDOTHAI,Indo Thai Sec Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,85109,22.17,-
Nifty November 2011 futures above 5300
Turnover declines
Nifty November 2011 futures were at 5317, at a premium of 32.80 points over spot closing of 5284.20. Turnover on NSE's futures & options segment declined to Rs 93428.60 crore from Rs 103947.60 crore on Thursday, 3 November 2011.
State Bank of India (SBI) November 2011 futures were at 1973.45, at a premium over spot closing of 1965.50.
Stock-specific activity may dominate trade amid Q2 results
Stock-specific activity may dominate trade in the near-term with the earnings season as its peak. 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.
The week ahead is a truncated one as the stock market remains closed on Monday, 7 November 2011 on account of Bakri-Id and again on Thursday, 10 November 2011 on account of Gurunanak Jayanti.
Market corrects amid global volatility
The market corrected last week as the initial euphoria surrounding recent plan to contain the euro-zone debt crisis faded after Greek prime minister called a referendum on the bailout deal, risking a new euro-zone crisis. In Asia, data showed China's factory activity slowed to a near three-year low.
Situation, however, eased on Friday, 4 November 2011, after Greece shelved plans for a financial-bailout referendum. While a surprise interest-rate cut from the European Central Bank (ECB) also consoled investors.
Metal, cement stocks advance
Key benchmark indices edged higher amid intraday volatility after Pakistan on Friday, 4 November 2011, denied that it had backtracked on giving India Most Favoured Nation (MFN) trade status. Earlier, the market had slipped into the red for a brief period in afternoon trade soon after a news agency quoted an unnamed senior Indian government source as saying that Pakistan had backtracked since announcing earlier this week that it had granted India the status of Most Favoured Nation (MFN) in trade The BSE Sensex jumped 80.68 points or 0.46%, off about 140 points from the day's high and up close to 90 points from the day's low. The market breadth was positive. Index heavyweight Reliance Industries (RIL) edged lower in volatile trade. ONGC fell ahead of Q2 results.
Daily News Roundup - Nov 4 2011
30 suspended workers at Maruti’s Manesar plant, including their two leaders Sonu Gujjar and Shiv Kumar, had quit the company, taking home amounts ranging between Rs1.6mn and Rs4mn. (ET)
The Income-Tax Department conducted nationwide searches on the premises of Raymond group in Delhi, Mumbai, Kolkata and Bangalore. (ET)
Ackruti City is in advanced talks with two-three private equity players to raise around Rs1.5bn by selling around 25% in its proposed redevelopment project in Chembur, north eastern suburb of Mumbai. (ET)
Sensex ends static for 2nd straight session
Indian equity benchmarks closed virtually flat for the second day running, as investors chose to remain on the sidelines amid continued anxiety over the eurozone sovereign debt situation.
A sharp jump in food inflation for the penultimate week of October coupled with a downbeat reading on the nation's service sector output also weighed on the sentiment.
Corporate earnings continued to be mixed with TVS Motor managing to deliver decent quarterly numbers. SAIL and Welcorp reported rather disappointing results.
Confidence on the Street!
Confidence comes not from always being right but from not fearing to be wrong. ~Peter T. Mcintyre.
The market will hope nothing goes wrong soon. For now, world markets are breathing little easy now that Greek’s PM has shelved the controversial plebiscite on the EU bailout. However, George Papandreou may still be in trouble as he braces for Friday’s confidence vote in parliament.
Indian indices will rise at start following a relief rally across global equities. But, the undertone may remain edgy over the ongoing political instability in Greece. Reports also suggest that Italian premier is under pressure to resign.
Markets may rise at start on good global cues
Signs that the referendum may be abandoned and a rate cut from the European Central Bank raised hopes for an easing of the region's debt crisis. Today’s start is likely to be on a positive note on strong global cues.
Headlines for the day:
RIL, Reliance Comm in talks for sharing telecom infra
ARSS Infra buys back 6.2% shares pledged with IFCI
ONGC gas output may jump 75% in 5 years: Oil Min
Oil Min for urgent action to help oil PSUs
I-T searches Raymond group premises
Events for the day
Results: Apollo Hospitals, Bharti Airtel, ONGC
Bullions sparkle
Mixed economic data, lower dollar and uncertainties regarding Greece impart the shine
Precious metals ended substantially higher on Thursday, 03 November 2011 at Comex. The uncertainty about what would happen in Greece caused precious metals to rally today. Mixed economic data at Wall Street and surprise interest rate cut by ECB also affected prices.
Gold for December delivery ended higher by $35.5 or 2.1%, to end at $1,765.1 an ounce on the Comex division of the New York Mercantile Exchange on Thursday. That was gold's highest settlement in more than two months. Last week, gold gained 6.8%. For the month of October, gold gained 6.3%. It registered a rise of 8% for the third quarter ending September.
Crude settles at three month high
Prices rise following positive economic data and weak dollar
Crude prices ended substantially higher on Thursday, 03 November at Nymex. Prices settled at highest level in three months after making a slow start earlier during the day. Traders focused on the positive economic data. The low dollar also helped prices climb up. Uncertainties in the euro zone put a curb on the price rise during the day.
Light and sweet crude for November delivery rose $1.56 (1.7%) to $94.07 a barrel on the New York Mercantile Exchange on Thursday. It was crude's highest settlement since early August. Last week, crude gained 6.7%. For the month of October, oil futures gained 18%. During the third quarter ending in September, crude incurred losses of 17%. It was the worst quarterly performance for crude in almost two years.
Market may gain on firm Asian stocks; PSU OMCs in focus
The market may gain in the opening trade on firm Asian stocks as Greece called off a plan to hold a referendum on a bailout package for the country proposed by the European Union. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 53 points at the opening bell.
ONGC, Bharti Airtel, GlaxoSmithKline Pharmaceuticals among others unveil quarterly results today, 4 November 2011.
Thursday, November 03, 2011
ICICI Bank, GPPL, Wipro, Hindustan Unilever, Maruti Suzuki, BPCL, Canara Bank, Castrol, Indian Bank, OBC, Havells India
Labels:
BPCL,
Canara Bank,
Castrol India,
GPPL,
Havells,
Hindustan Unilever,
ICICI Bank,
Indian Bank,
Maruti Suzuki,
OBC,
Research Report,
Wipro
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BSE Bulk Deals to Watch - Nov 3 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
3/11/2011 530027 Aadi Inds RAKESH SAHU S 198129 16.27
3/11/2011 511706 Action Fin MOONSTAR SECURITIES TRADING & FINANCE CO P LTD B 49989 26.28
3/11/2011 531568 Ashutosh Paper ARVINDER SINGH PASRICHA B 40000 174.00
3/11/2011 533469 Birla Pacific Medspa RUPAK TRADING PRIVATE LIMITED S 1167818 17.90
NSE Bulk Deals to Watch - Nov 3 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
03-NOV-2011,ECEIND,ECE Industries Limited,ECE INDUSTRIES LTD,BUY,403300,138.06,-
03-NOV-2011,INDOTHAI,Indo Thai Sec Ltd,ALIVE CONSULTANTS ALIVE,BUY,226462,21.13,-
03-NOV-2011,INDOTHAI,Indo Thai Sec Ltd,AMPLE HOTELS AND RESORTS PRIVATE LIMITED,BUY,148482,21.31,-
03-NOV-2011,INDOTHAI,Indo Thai Sec Ltd,DEEPAK SHANTILAL CHHEDA,BUY,127168,21.25,-
03-NOV-2011,INDOTHAI,Indo Thai Sec Ltd,DINESH MUNJAL(HUF),BUY,108708,21.25,-
Power Finance Corporation leads gainers in 'A' group
Sun TV Network, JSW Steel, Rural Electrification Corporation and Bhel are among the other gainers.
Power projects financier Power Finance Corporation jumped 5.70% to Rs 165. The stock topped the gainers in the BSE's 'A' group. The company will announce its Q2 September 2011 results on 9 November 2011.
Media company Sun TV Network galloped 5.66% to Rs 273.35. The stock was second biggest gainer in 'A' group.
Market closes flat for the second straight day ahead of G20 summit
Key benchmark indices closed the volatile trading session with tiny gains after staging a sharp recovery in last one hour of trade tracking rebound in European shares. US index futures reversed initial losses. The BSE Sensex was up 17.08 points or 0.1%, up close to 195 points from the day's low and off close to 45 points from the day's high. Index heavyweight Reliance Industries gained in volatile trade. Power stocks rose. Interest rate sensitive realty stocks extended recent gains as the Reserve Bank of India (RBI) indicated pause on rate increases recently. IT stocks edged lower weighed as European leaders fail to find a final solution to end Euro zone debt crisis. Europe is the second largest outsourcing market for the Indian IT firms. The market breadth was negative. Sail fell on weak Q2 results.
ACC, Ambuja Cements, Colgate, Dabur, EIH Hotels, Havells, HPCL, Navabharat Ventures, PNB, Sadbhav Engineering
ACC, Ambuja Cements, Colgate, Dabur, EIH Hotels, Havells, HPCL, Navabharat Ventures, PNB, Sadbhav Engineering
Labels:
ACC,
Ambuja Cements,
Colgate,
Dabur,
EIH Hotels,
Havells,
HPCL,
Navabharat Ventures,
PNB,
Research Report,
Sadbhav Engineering
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Bullions end their three-day losing streak
Prices rise amid growing uncertainty surrounding Greece's debt and Fed's GDP outlook
Precious metals ended their three-day losing streak and ended higher for first time in four sessions on Wednesday, 02 November 2011 at Comex. Prices went up after Federal Reserve left rates unchanged and noted continued downside risks to the economy. Growing uncertainty surrounding Greece's debt crisis also helped the bullion market score its first gain in four sessions.
Market may extend recent losses on weak Asian stocks; food inflation data eyed
The market may extend recent losses on weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 45.40 points at the opening bell.
On the macro front, the government will today, 3 November 2011, unveil data on some wholesale price indices viz. the food price index, the primary articles index and the fuel price index for the year through 22 October 2011.
Sun TV Network, Ashok Leyland and TVS Motor report Q2 results today, 3 November 2011.
Daily News Roundup - Nov 3 2011
Arvind has exited a five-year-old Indian joint venture with US-based VF Corporation, selling its 40% stake to the owner of brands such as Wrangler and Lee for Rs2.57bn. (ET)
Tata Motors-owned Jaguar Land Rover has appointed ex-Audi UK boss Jeremy Hicks as the managing director of its operations in the UK. (ET)
The AV Birla Group may bid as much as US$5bn for an Australian coal miner, which could pit it against JSW Steel. (ET)
Sensex settles for flat finish...RIL up, Bharti down
After falling for two consecutive trading sessions, the Indian stock indices took a breather on Wednesday, as investors awaited the outcome of the latest FOMC meeting later in the day amid continued trepidation over the proposed Greek referendum on the EU bailout package. Market players also turned cautious before this week's G-2o summit in France and the US jobs data.
Indian markets started off on a negative note in the wake of overnight losses in the US markets and weak trend in Asian markets. Traders and investors continued to be jittery in early trades about the fallout of the proposed Greek referendum on the EU bailout deal and the world economy in general.
Global woes persist
Worry never robs tomorrow of its sorrow, it only saps today of its joy. - Leo F. Buscaglia.
Although world markets have recovered from the early week shake-up there is no end in sight to the plethora of problems confronting the world and the Indian economy. The Nifty has held on to important support of 5200. There is no immediate threat to the intermediate up-trend as long as Nifty sustains above 100 DMA of 5232 on a closing basis.
Markets expect a negative start on weak Asian cues
Worries over Greece have disrupted the sentiments and may lead the Indian markets lower at start. Investors will continue to book profit on Greece jitters.
Headlines for the day:
Diesel, LPG prices set to rise again
Jet Airways looks to expand in Europe
NCC arm plans 2.5-million sft projects in South
Home loan growth to moderate to 15%: Icra study
Wednesday, November 02, 2011
SKS Microfinace to raise money
Country's largest MFI SKS Microfinance today said it will raise up to Rs 900 crore through issue of shares to institutional investors.
The board of the country's only listed micro finance company has approved issuing equity shares through qualified institutional placement (QIP) to raise up to Rs 900 crore, SKS said in a filing to the BSE today.
The board also approved raising the authorised capital of the company to Rs 135 crore from Rs 95 crore.
BSE Bulk Deals to Watch - Nov 2 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
2/11/2011 531247 Alpha Hitech MOH SAJID NOORMIYA SHAIKH S 25413 5.97
2/11/2011 506027 Bhoruka Alum ALFA FISCAL SERVICES PVT LTD S 271237 3.05
2/11/2011 524506 Coral Lab CHETAN DOSHI B 19870 73.00
2/11/2011 524506 Coral Lab ELA ANIL SHETH S 20000 73.00
2/11/2011 508860 DIAMANT JATIN SHANTILAL SHAH S 190000 16.00
2/11/2011 530337 Exelon Infra ANITHA YARLAGADDA S 70000 33.65
NSE Bulk Deals to Watch - Nov 2 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
02-NOV-2011,GITANJALI,Gitanjali Gems Limited,DAVE HARIHAR KIRITBHAI,BUY,538807,354.71,-
02-NOV-2011,INDOTHAI,Indo Thai Sec Ltd,A K G SECURITIES AND CONSULTANCY LTD.,BUY,171756,57.15,-
02-NOV-2011,INDOTHAI,Indo Thai Sec Ltd,A VENKATESHAN,BUY,61537,67.37,-
02-NOV-2011,INDOTHAI,Indo Thai Sec Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,437130,49.37,-
Volatile markets end flat
The Indian markets witnessed volatility after two days of losses and ended the trade flat. The Sensex fell 16 points and the Nifty rose 0.50 points
Major headlines
PM on Euro zone crisis: Much more needs to be done
Arvind divests its stake in VF Arvind Brands
Allahabad Bank Q2 net profit jumps 21%
Bajaj Auto gains on healthy sales in Oct 2011
RCom gains on tie-up with RIL
Market ends choppy trading session lower
Volatility was at the forefront as key benchmark indices reversed direction and slipped into the red once again in late trade as European stocks and US index futures reversed initial gains. The BSE Sensex was provisionally down 33.45 points or 0.19%, off close to 170 points from the day's high and up close to 110 points from the day's low. The market breadth was negative. Index heavyweight Reliance Industries (RIL) trimmed initial gains. Another index heavyweight L&T edged lower in volatile trade.
Interest rate sensitive banking stocks were mixed. Realty stocks edged lower in volatile trade. IT stocks were mixed. Reliance Communications jumped on reports RIL is likely to use the towers and fibre optic cables of Reliance Communications controlled by Anil Ambani to provide high-speed data services. Other Anil Dhirubhai Ambani Group (ADAG) shares also edged higher.
Daily News Roundup - Nov 2 2011
Reliance Industries is likely to use the towers and fibre optic cables of a telecom company controlled by younger brother Anil to provide high-speed data services. (ET)
Fortis Healthcare (India) Ltd will acquire Singapore-based Fortis Healthcare International Pte Ltd, privately owned by the Indian company's founders for US$665mn. (ET)
IVRCL is close to selling two of its operational road projects to Larsen & Toubro for an undisclosed sum to unlock value and raise funds for projects under execution. (ET)
Shock and awe!
Truth makes many appeals, not the least of which is its power to shock. - Jules Renard.
Just when world markets were beginning to settle down comes another jolt from the eurozone. The prime minister of the debt-stricken Greece has stunned everyone by calling for a referendum on the EU bailout deal.
The surprise announcement from Greece has only added to the doubts over the fate of the grand plan to tame the eurozone debt crisis. The fresh turmoil in the financial markets comes ahead of the two-day G20 summit in France later this week.
News you can use - Nov 2 2011
Commodity:
Crude oil were down for a third day on Tuesday, after data pointed to a slowdown in Chinese manufacturing activity in October and amid renewed concerns over the euro zone's debt crisis.
Stock in news:
Car sales fail to pick up in festive season
Dena Bank aims to hit Rs 1.5 lakh crore mark by 2013
RBI extends remittance flexibility to exporters
Nalco begins water hunt in Sundergarh
Essar Oil to cap retail outlet expansion
Global Cues:
The European stocks sank on Tuesday (November 01, 2011), after Greece's move to hold a referendum on the European Union bailout package for the country cast doubts over the approval of the deal.
The US Stocks tumbled on Tuesday after investors were blindsided by a surprise call for a Greek referendum on an EU bailout plan, casting doubt on the sustainability of the recent market rally.
The Asian shares fell on Wednesday (November 02, 2011), as investors shed riskier assets after Greece's abrupt call for a referendum rekindled fears about the viability of a European debt deal reached just last week. SGX Nifty was trading 54 points lower, pointing towards a weak start on the Indian bourses.
Events to watch out for:
New Listing: Stock broking firm, Indo Thai Securities, is going to list its equity shares on the exchanges today. The company has fixed issue price at higher end of price band of Rs70-84 a share.
Result announcement:
Allahabad Bank, Andhra Bank, Onmobile Global, BGR Energy Systems and Hindustan Motors.
Market may extend losses on weak Asian stocks
The market may extend losses on weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 54 points at the opening bell.
PSU OMCs and auto stocks will be in action on reports oil companies plan to raise petrol prices by Rs 1.50 a liter the 13th hike since June last year, as state-run firms have reported losses for the second consecutive quarter
Bullions drop for third consecutive day
Strength in US dollar and crisis in Greece continue to push them lower
Precious metals ended lower on Tuesday, 01 November 2011 at Comex. Prices were pushed lower due to strength in the US dollar and continuing crisis in Greece. But weaker than expected economic data provided some support to bullions during midday.
Gold for December delivery ended lower by $13.4 or 0.8%, to end at $1,711.8 an ounce on the Comex division of the New York Mercantile Exchange on Tuesday. Prices have shed more than 2% in the past three sessions. Last week, gold gained 6.8%. For the month of October, gold gained 6.3%. It registered a rise of 8% for the third quarter ending September.
Tuesday, November 01, 2011
BSE Bulk Deals to Watch - Nov 1 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
1/11/2011 532683 AIA Engineering NALANDA INDIA EQUITY FUND LIMITED B 1200000 310.00
1/11/2011 532683 AIA Engineering RELIANCE CAPITAL TRUSTEE CO A/C RELIANCE GROWTH FUND S 1200000 310.00
NSE Bulk Deals to Watch - Nov 1 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
01-NOV-2011,AANJANEYA,Aanjaneya Lifecare Ltd,DOMEBELL ELECTRONICS INDIA PVT.LTD,BUY,100000,417.00,-
01-NOV-2011,AMRUTANJAN,Amrutajan Health Ltd,RAHUL DOSHI,BUY,28031,805.43,-
01-NOV-2011,LML,LML Ltd.,TRANSGLOBAL SECURITIES LTD.,BUY,501279,11.02,-
01-NOV-2011,ONELIFECAP,Onelife Cap Advisors Ltd,AARAV FINANCIAL SERVICES PVT.LTD,BUY,126240,227.44,-
Nifty November 2011 futures at premium
Turnover surges
Nifty November 2011 futures were at 5289.45, at a premium of 31.50 points over spot closing of 5257.95. Turnover on NSE's futures & options segment surged to Rs 93324.75 crore from Rs 73233 crore on Monday, 31 October 2011.
State Bank of India (SBI) November 2011 futures were at 1902, at a premium over spot closing of 1893.95.
Sensex off 1.82% in two days as Greece debt stirs new fears
Key benchmark indices dropped for the second consecutive session as softer-than-expected Chinese manufacturing data and fresh worries about the euro-zone debt crisis caused global risk aversion. The BSE Sensex fell 224.18 points or 1.27%, off 181 points from the day's high and up 58 points from the day's low. All the 13 sectoral indices on BSE were in the red. The market breadth was negative.
The Sensex has lost 323.97 points or 1.82% in the past two trading sessions from 17,804.80 on 28 October 2011. The Sensex jumped 1,251.25 points or 7.6% in October 2011 on a European Union plan to tackle the 2-year old euro-zone debt crisis and on Reserve Bank of Indias indication of a pause in interest rate hikes. The Sensex has slumped 3,028.26 points or 14.76% in calendar 2011. From a 52-week high of 21,108.64 on 5 November 2010, the Sensex has lost 3,627.81 points or 17.18%. From a 52-week low of 15,745.43 on 4 October 2011, the Sensex has risen 1,735.40 points or 11.02%.
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