Search Now


Friday, November 11, 2011

Banks having exposure to Kingfisher

Sl. No.

Name of the Shareholder

No. of Shares

Shares as % of Total No. of Shares


State Bank of India




ICICI Bank Ltd




IDBI Bank Ltd




Bank Of India




UCO Bank




Punjab National Bank






Kingfisher Airlines - Bankrupt

Kingfisher Airlines - Bankrupt

Weekly Wrap - Nov 11 2011

Weekly Wrap - Nov 11 2011

Kingfisher Airlines slumps to record low on escalating crisis

Kingfisher Airlines tumbled 10.37% to Rs 19.45 at 14:41 IST on BSE after the company was reportedly forced to cancel dozens of flights amid a burgeoning crisis.

Meanwhile, the BSE Sensex was down 152.48 points, or 0.88%, to 17,209.62

On BSE, 60.67 lakh shares were traded in the counter as against an average daily volume of 6.69 lakh shares in the past one quarter.

BSE Bulk Deals to Watch - Nov 11 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
11/11/2011 533330 Acropetal Tech INDRAVARUN TRADE IMPEX PVT LTD B 253023 16.10
11/11/2011 533330 Acropetal Tech INDRAVARUN TRADE IMPEX PVT LTD S 253023 16.22
11/11/2011 531560 Aroma Enterprises JAYANTKUMAR & COMPANY PROP :JAYANTKUMAR MANUBHAI P B 75000 85.00
11/11/2011 531560 Aroma Enterprises SHEETALBEN PARASMAL JAIN S 97900 85.00
11/11/2011 521174 Arora Fibres DEEPINDER SINGH POONIAN S 9483 29.97

NSE Bulk Deals to Watch - Nov 11 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
11-NOV-2011,ACROPETAL,Acropetal Tech Ltd,BP FINTRADE PRIVATE LIMITED,BUY,225662,16.25,-
11-NOV-2011,ACROPETAL,Acropetal Tech Ltd,INDRAVARUN TRADE IMPEX PVT LTD,BUY,505813,16.28,-
11-NOV-2011,GITANJALI,Gitanjali Gems Limited,GRANTHAM A/C GMO EMERGING COUNTRIES,BUY,484213,347.04,-
11-NOV-2011,INDOTHAI,Indo Thai Sec Ltd,GKN SECURITIES,BUY,60630,17.47,-

Markets close week with 2% loss

Domestic as well as global factors dampened the sentiment, with the markets falling for the second straight week. The Sensex closed week 2.11% lower and the Nifty down by 2.18%

Major news for the week

India's October car sales fall the most in more than a decade

Moody's cuts India banking outlook

September IIP at 1.9% versus 4.1% in August

Food inflation at 11.81% versus 12.21%

SBI Q2 consolidated net profit at Rs3470.43 crore

SKS tumbles on huge loss in Q2

Global events will point the way forward for Indian equities

Market may remain volatile next week as investors shun risky assets as political events unfold in Europe, especially in debt-burdened Greece and Italy. Redemption pressure for foreign funds in developed markets will result in forced selling of Indian stocks by foreign institutional investors. Admittedly, investors are jittery and prone to hit the sell button at the slightest sign of trouble.

India needs to guard against imported inflationary pressure as the euro-zone continues to reel under the debt crisis, Prime Minister Manmohan Singh had said on 2 November 2011. "In an increasingly interdependent world, we have to be wary of contagion effects," Singh had said in a statement early this month before his departure to attend a conference of the Group of 20 industrial and developing economies in Cannes, France.

Market slips on euro-zone debt woes

The market tumbled last week, dragged by sharp losses in bank and metal stocks, with declines in European indices adding to the selling pressure in a truncated trading week. A lack of clarity on the timing of the resignation of Italian Prime Minister Silvio Berlusconi, which markets view as a step toward resolving the euro-zone's debt mess, concerned investors. The domestic equity market was shut on Monday, 7 November 2011 on account of Bakri-Id and again on Thursday, 10 November 2011 on account of Gurunanak Jayanti.

Sensex, Nifty settle at 2-1/2-week lows

Key benchmark indices fell for the second straight day to reach 2-1/2-week closing lows as the latest data showed that industrial production rose a dismal 1.9% in September 2011, the lowest rate of growth in 2 years and that food inflation remained at elevated level in late October 2011. The BSE Sensex lost 169.28 points or 0.97%, up close to 100 points from the day's low and off close to 90 points from the day's high. The market breadth was weak.

Time to reflect 2011 Stock Picks

Here were what you picked as 2011 Top Picks

Where are they now ?

Firstsource Solutions

Firstsource Solutions

Neyveli Lignite

Neyveli Lignite

Gandhimathi Appliances

Gandhimathi Appliances



India Telecom

India Telecom

Gujarat Gas

Gujarat Gas

Bharat Forge

Bharat Forge

Jain Irrigation Systems

Jain Irrigation Systems



Ranbaxy Labs

Ranbaxy Labs



Daily News Roundup - Nov 11 2011

The UK-based British Gas Group (BG Group) is likely to divest its stake in its majority-owned Gujarat Gas Company Ltd (GGCL), which has emerged India's largest private sector natural gas transmission and distribution company in terms of sales volumes. (BL)

Reliance Industries group has acquired an interest in the education sector. Infotel Broadband Services Ltd (Infotel), a subsidiary of RIL, has bought a 38.5 % stake in Extramarks Education Pvt Ltd (Extramarks.(BL)

HCL Technologies has been selected by United Health Group, a healthcare player in the US, to support the latter's transition to a new diagnostic and healthcare coding system.(BL)

Italian Renaissance!

"If you wish to be happy yourself, you must resign yourself to seeing others also happy" - Bertrand Russell

A flat start awaits the Indian stock market as investors begin to digest the effects or after effects of the global developments. Italian Prime Minister Silvio Berlusconi has resigned to the fact that his stepping down after the adoption of key reforms would boost the image of Italy. Greece is weighing all options or rather finding all avenues to get emergency funds to avert bankruptcy; Prime Minister George Papandreou had announced he will step down.

Markets may see a positive start; IIP data eyed

The Indian markets are set for a higher opening tracking gains in the US and Asia. IIP data for September will remain in focus.

Headlines for the day:

Kingfisher hits air pocket again
Jyothy to push Henkel toiletries, personal care
Tata Motors launches revamped Sumo in Pune

Bullions shed luster

Upbeat U.S. economic data as well as good news from the euro zone reduce their appeal

Precious metals ended lower for second straight day on Thursday, 10 November 2011 at Comex. Bullions lost luster after the upbeat U.S. economic data, as well as good news from the euro zone helped buoy stocks at Wall Street today.

Gold for December delivery ended lower by $32 or 1.8%, to end at $1,759.6 an ounce on the Comex division of the New York Mercantile Exchange on Thursday. It fell to a low of $1,736.6 during intra day trading. Last week, gold gained 0.5%. For the month of October, gold gained 6.3%. It registered a rise of 8% for the third quarter ending September.

Market may open lower; September IIP data eyed

The market may open lower reacting to the sharp slide in global stocks on Thursday, 10 November 2011, when domestic stock markets were closed on account of Gurunanak Jayanti. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 53 points at the opening bell. Asian stocks were trading modestly higher today.

The industrial output data for the month of September 2011 is due today, 11 November 2011. Industrial output in the month of August 2011 rose 4.1% from a year earlier. Inflation data for the month of October is due on Monday, 14 November 2011. Inflation, as measured by the wholesale price index (WPI), rose 9.72% in September 2011.

SGX Nifty Live Update - Nov 11 2011

5163.25 +7.50 (+0.15%)