Sanghvi Forging, Dhunseri Petrochem, Alok Industries, Ashiana Housing, Hitech plast, Shriram City Union Finance
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Wednesday, November 16, 2011
Sanghvi Forging, Dhunseri Petrochem, Alok Industries, Ashiana Housing, Hitech plast, Shriram City Union Finance
Sanghvi Forging, Dhunseri Petrochem, Alok Industries, Ashiana Housing, Hitech plast, Shriram City Union Finance
Investors throng Kingfisher Airlines counter on cost cutting initiatives
Kingfisher Airlines jumped 17.62% at Rs 25.70 at 15:30 IST on BSE, extending Tuesday's 2.34% gain triggered by the company unveiling several cost cutting initiatives to help the firm limit losses.
Meanwhile, the BSE Sensex was down 163 points, or 0.97%, to 16,719.67.
On BSE, 66.95 lakh shares were traded in the counter as against an average daily volume of 10.13 lakh shares in the past one quarter.
BSE Bulk Deals to Watch - Nov 16 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
16/11/2011 531247 Alpha Hitech MUKHTYARBEGUM NOORMIYAN SHAIKH S 25362 5.46
16/11/2011 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 18430 698.92
16/11/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD B 20033 699.10
NSE Bulk Deals to Watch - Nov 16 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
16-NOV-2011,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,18430,694.58,-
16-NOV-2011,EVERONN,Everonn Education Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,101532,323.20,-
16-NOV-2011,EVERONN,Everonn Education Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,144828,321.05,-
16-NOV-2011,KSOILS,K S Oils Limited,VASANTI SHARE BROKERS LIMITED,BUY,2135326,7.01,-
16-NOV-2011,ONELIFECAP,Onelife Cap Advisors Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,190911,276.16,-
Market struggles; Sensex loses 107 points at close
It again turned out to be a weak closing, with the Sensex falling by 107 points and the Nifty declining by 38 points
Major headlines
PSU OMCs drop after reduction in petrol prices
MSCI index: Bharti, Idea, PFC enter while SAIL, HDIL exit
Sintex Inds hits 52-week low on concerns over FCCB, Europe exposure
Titan to buy brand Favre Leuba
Nifty settles at 5-week low
Key benchmark indices fell for the fifth straight day on weak Q2 September 2011 corporate earnings. Intraday volatility was high. The 50-unit S&P CNX Nifty hit 5-week closing low. The barometer index BSE Sensex reached 4-week closing low. The Sensex lost 106.80 points or 0.63%, up about 135 points from the day's low and off close to 100 points from the day's high. The market breadth was weak. The Nifty regained the psychological 5,000 mark, having alternately moved above and below that mark in intraday trade.
Daily News Roundup - Nov 16 2011
The promoters of Kingfisher Airlines are open to reducing their stake to 26% to strategic domestic investors, from the current 58.61%. (BS)
ICICI Bank plans to repatriate a part of the capital of its Canadian arm, as business growth has been crippled by stringent regulation. (BS)
India Cements has acquired a coal mine in Indonesia, which is expected to go on stream by January 2012, for US$20mn. The company is also in the process of setting up a 50Mw power plant near Tirunelveli in Tamil Nadu. (BS)
Sensex ends near day's low...Broader market cracks
Other Asian markets too closed lower as rising yields in Italy and Spain sparked fresh concerns about the precarious fiscal health of the eurozone, notwithstanding the recent leadership change in Greece and Italy.
successive session, the Indian equity benchmarks closed near day's low as a combination of weak overseas markets, disappointing corporate earnings and sticky inflation dampened the sentiment. The worst part of today's trade was a steep selloff in the broader indices that spread to the frontline stocks.
Fuel for thought!
"Contentment consist not in adding more fuel, but in taking away some fire." - Thomas Fuller.
A week before the winter session of Parliament, the heat seems to be taken away as fuel price rise may no longer remain an issue of debate. Petrol prices have been lowered even as airlines’ woes may rise with an increase in the jet fuel prices. State-run oil companies could be at the receiving end following the cut in petrol prices.
As far as the market is concerned, the start is likely to be flattish amid mixed global cues. US stocks managed to close higher, buoyed by a rally in technology space. But, European indices fell as borrowing costs for Italy and Spain continued to rise. Asian benchmarks are mostly in the red this morning.
Markets may open lower on weak Asia
Tracking losses in the Asian stocks, the Indian markets may begin the trade on a lower note. However, stronger-than-expected reports on the US economy may bring some relief
Headlines for the day
Petrol cheaper by Rs 2-plus
Kingfisher promoters open to reducing stake to 26%
ICICI Bank to repatriate capital from Canada arm
Neyveli opposes further public float
Sugar industry in UP petitions court over cane price
Volatile bullions manage to add to gains
Gold and silver lose try to regain back some of their lost appeal
Precious metals witnessed a day of volatile trading on Tuesday, 15 November 2011 at Comex. Ultimately, prices ended higher. Gold registered modest gains while silver witnesses considerable gains. Bullions lost their luster earlier during the day as dollar firmed up considerably. Economic data at Wall Street and on the global front dominated during the day.
Crude ends a little shy of $100
Strong Dollar and renewed concerns at Eurozone put a cap on crude's gains
Better than expected economic data pushed crude prices higher on Tuesday, 15 November at Nymex. But renewed concerns in the Eurozone and strong dollar put a check on the gains. The earlier falls for oil came as a rise in Spanish and Italian bond yields triggered fresh concerns that Europe's debt problems were deepening, prompting selling across equity and commodity markets.
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