Thursday, November 17, 2011
World stocks hit a one-week low on Thursday and German Bunds rose as Spain paid more than at any time since 1997 to sell 10-year debt, sparking fears it may join other euro zone peripheral states in being unable to finance itself.
The euro held close to a five-week trough, with concerns about the debt turmoil spreading to commercial banks across the Atlantic and a clash between Germany and France over the ECB's role in tackling the crisis also keeping investors jittery.
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
17/11/2011 590059 APL APOLLO KOTAK MAHINDRA (INTERNATIONAL) LIMITED B 225000 154.77
17/11/2011 511672 Clarus Finance TARADEVI RATANLAL BAFNA B 150100 37.64
17/11/2011 511672 Clarus Finance SHREE THIRUMALAI MARKETING & INVESTMENTS LTD B 150000 38.21
17/11/2011 530843 Cupid-$ MOONCITY MERCHANDISE PVT.LTD B 50844 5.01
17/11/2011 531270 Dazzel Conf PREMIER EXIM SERVICES PRIVATE LIMITED B 1063549 2.99
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
17-NOV-2011,FLEXITUFF,Flexituff Inter Limited,JAROLI VINCOM PVT LTD,BUY,200000,257.11,-
17-NOV-2011,ONELIFECAP,Onelife Cap Advisors Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,90086,273.18,-
17-NOV-2011,ONELIFECAP,Onelife Cap Advisors Ltd,MARFATIA NISHIL SURENDRA,BUY,77706,272.57,-
17-NOV-2011,PRAKASHCON,Prakash Constrowell Ltd,ASHROJ CREDIT INDIA PRIVATE LIMITED,BUY,79137,220.57,-
17-NOV-2011,PRAKASHCON,Prakash Constrowell Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,98709,223.97,-
The Indian markets took an ugly turn in the mid-afternoon trade and ended with heavy losses. The Sensex slipped 314 points and the Nifty fell 96 points.
Govt raises investment limit in G-secs, bonds
FM approves changes in Food Bill
Suzlon Energy hits 52-week low on block deal
SEBI considers circuit filter on listing days
Food inflation eases to 10.63% Vs 11.81%
Patni jumps as iGate plans to delist
Key benchmark indices fell for the sixth straight day to hit their lowest closing level in nearly six weeks as European stocks declined. The market sentiment remained weak following poor quarterly earnings. The 50-unit S&P CNX Nifty fell below the psychological 5,000 mark. The barometer index, BSE Sensex, was down 314.16 points or 1.87%, off close to 345 points from the day's high and up about 50 points from the day's low. The market breadth was weak. All the 13 sectoral indices on BSE were in the red.
The Sensex has lost 1,107.82 points or 6.3% in six trading sessions from a recent high of 17,569.53 on 8 November 2011. The Sensex has lost 1,243.30 points or 7.02% this month so far. The Sensex has slumped 4,047.38 points or 19.73% in calendar 2011. From a 52-week high of 20,664.80 on 3 January 2011, the Sensex has lost 4,203.09 points or 20.33%. From a 52-week low of 15,745.43 on 4 October 2011, the Sensex has risen 716.28 points or 4.54%.
Titan Industries said it would acquire heritage Swiss watch brand Favre Leuba for €2mn. (BS)
Ashok Leyland Ltd is planning to consolidate its associate companies into one. (BS)
Kingfisher Airlines is exploring hiving off its engineering department into a separate maintenance, repair and overhaul (MRO) unit. (BS)
Bharti Airtel has jacked up its tariffs for international long distance calls to more than 87 countries, including the UAE and Africa in the range of 20 and 40%. (BL)
"Don't be pushed by your problems. Be led by your dreams." – Anonymous.
The market behaviour is turning nightmarish with Indian indices falling for five straight sessions. Worse, all indications are pointing to another weak opening given the deteriorating macro-economic backdrop (local and global). For the Nifty, 5000 is a crucial level to keep on one’s radar as volatility escalates and uncertainty mounts.
The Nifty is currently trading below 10 WMA of 5077. The 61.8% retracement from the up move (4726 to 5400) is placed at 4980. So, there is a chance of a technical bounce from here on. However, one must remain vigilant and take a measured approach.
Gold and silver end in the red as investors turn cautious
Precious metals managed to pare their losses partly but ultimately ended in the red on Wednesday, 16 November 2011 at Comex. Prices remained a bit somber as investors remained a bit cautious and dollar ended flat. Gold steadied itself, however, after the dollar lost ground against the euro and U.S. stocks erased losses during mid session hours.
Gold for December delivery ended lower by $7.9 or 0.4%, to end at $1,774.3 an ounce on the Comex division of the New York Mercantile Exchange on Wednesday. Last week, gold gained 1.8%. For the month of October, gold gained 6.3%. It registered a rise of 8% for the third quarter ending September.
Prices rise as Enbridge announces the reversal of Seaway pipeline
Crude prices surged ahead on Wednesday, 16 November at Nymex. Prices rose as weekly inventory report by energy department showed drawdown in crude stockpiles for last week, though the same was less than expected. Prices also crossed $100 mark as Enbridge said it will reverse the direction of the Seaway pipeline, adding an outlet for crude from the central U.S. and Canada.
Light and sweet crude for December delivery rose $3.22 (3.2%) to $102.59 a barrel on the New York Mercantile Exchange on Wednesday. Last week, crude gained 5%. 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 extend recent steep losses on weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 57.50 points at the opening bell. Asian stocks declined on Thursday, 17 November 2011, as worries about Europe's debt troubles worked to depress sentiment across the region.
Key benchmark indices fell for the fifth straight day on Wednesday, 16 November 2011 on weak Q2 September 2011 corporate earnings. The BSE Sensex lost 106.80 points or 0.63% to settle at 16,775.87, its lowest closing level since 18 October 2011. The combined net profit of a total of 3,500 companies declined 35.8% to Rs 67594 crore on 20.7% growth in sales to Rs 1132647 crore in Q2 September 2011 over Q2 September 2010. The Q2 earnings season got over on Tuesday, 15 November 2011.