Ashok Leyland Ltd
Friday, November 04, 2011
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.
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%
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
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 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 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.
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.
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.
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)
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 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.
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
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.
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.
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.