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Wednesday, November 23, 2011

BSE Bulk Deals to Watch - Nov 23 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
23/11/2011 521174 Arora Fibres BHARTI SANJEEV CHIRANIA B 25603 22.85
23/11/2011 521174 Arora Fibres ANITA DEEPAK SARAF S 25162 22.85
23/11/2011 532435 Asia HR Tech SANJAY KANAYALAL MAKHIJA B 100000 4.60
23/11/2011 532435 Asia HR Tech DINESH KANAYALAL MAKHIJA B 100000 4.60
23/11/2011 532435 Asia HR Tech SHAILESH VORA HUF B 50000 4.60
23/11/2011 532435 Asia HR Tech MILI SNEHA B 100000 4.60

NSE Bulk Deals to Watch - Nov 23 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
23-NOV-2011,TAKE,Take Solutions Limited,SHRIRAM INDUSTRIAL HOLDINGS P LTD,BUY,1146946,20.60,-
23-NOV-2011,COX&KINGS,Cox & Kings Limited,MACQUARIE BANK LIMITED,SELL,867168,185.76,-
23-NOV-2011,GOLDINFRA,Goldstone Infratech Ltd.,JM FINANCIAL PRODUCTS PVT LTD,SELL,208036,8.33,-
23-NOV-2011,TAKE,Take Solutions Limited,DSP BLACKROCK MF A/C DSP ML MICRO CAP FUND,SELL,1616000,20.60,-

Nifty December 2011 futures below 4800

Turnover surges

Nifty November 2011 futures were at 4703.80, at a discount of 2.65 points compared to spot closing of 4706.45. Nifty December 2011 futures were at 4723, at a premium of 16.55 points over spot closing. Turnover on NSE's futures & options (F&O) segment surged to Rs 240442.89 crore from Rs 186019.48 crore on Tuesday, 22 November 2011.

State Bank of India (SBI) November 2011 futures were at 1656, at a discount compared to spot closing of 1658.05.

Sensex, Nifty settle at 2-year lows as FIIs step up selling

Key benchmark indices fell for the 9th time in the past ten trading sessions to reach 2-year closing lows as data showing heavy selling by foreign funds recently hit sentiment adversely. The barometer index, BSE Sensex, fell below the psychological 16,000, a day after regaining that level on Tuesday, 22 November 2011. The Sensex tumbled 365.45 points or 2.27%, up 221.28 points from the day's low and off 269.63 points from the day's high. The market breadth was weak. Also deteriorating sentiment junior finance minister S.S. Palanimanickam said the government has no proposal to lower the securities transaction tax for capital market transactions.

The Sensex has lost 2,005.04 points or 11.32% this month so far. The Sensex has slumped 4,809.12 points or 23.44% in calendar 2011. From a 52-week high of 20,664.80 on 3 January 2011, the Sensex has lost 4,964.83 points or 24.02%.

Daily News Roundup - Nov 23 2011

An international strategic investor has agreed to pick up 10 % equity stake in Pipavav shipyard in Gujarat for Rs9bn.(BL)

Ashok Leyland has entered the construction equipment business, along with American company John Deere, with the launch of the 435 backhoe loader.(BL)

In the next three-four weeks, the Petroleum Ministry will decide on the action to be taken against Reliance Industries Ltd for its gas output falling below target from the East Coast fields.(BL)

Federal Bank is planning to infuse Rs1.2bn equity in its non-banking financial company, Fedbank Financial Services Ltd.(BL)

Resuming their descent!

"The gates of Hell are open night and day; smooth the descent, and easy is the way: but, to return, and view the cheerful skies; in this, the task and mighty labor lies." - Virgil.

The cheerful skies are seeing a colour change. After a small breather, world equity markets have resumed their descent. A downward revision in US’ Q3 GDP is adding to the already bleak global backdrop. But, the US indices didn’t witness sharp cuts. They were down marginally. European benchmarks also closed in the red following a spike in Spanish and Belgian bond yields. Meanwhile, the Fed has announced a new set of stress tests for US lenders. Minutes of the last FOMC meeting show that the central bank is mulling inflation targets.

Rally fizzles out; Markets set for a weak opening

Weakness across the globe may pull the markets down in the opening trade. Lingering euro zone debt crisis and concerns about the faltering global economy may weigh on the sentiments.

Headlines for the day:

Airtel, Vodafone, Idea threaten to exit 3G

Reliance readies big-bang entry into new sectors

Property prices go down across nine cities in September quarter

Kingfisher Airlines needs more funds to stay afloat: Auditor

ONGC withdraws FPO papers, to file again if asked

CIL appoints PFC to select partner for Orissa project

Thomas Cook in debt crisis

Bullions gain back the luster they shed prior session

Prices end at almost session highs following inflation fears and weak economic data

Precious metals ended higher on Tuesday, 22 November 2011 at Comex. Bullions ended U.S. day session higher and nearer the daily high on Tuesday due to inflation fears following the day's economic report. Precious metals saw bargain hunting and short covering following the strong selling pressure seen the day before. A generally higher commodity market sector on Tuesday was also bullish for the metals.

Crude ends three day losing streak

Middle East tensions and somber dollar prop up prices

Crude prices ended higher on Tuesday, 22 November at Nymex. Prices rose for the first time in four days following a somber dollar and tension in the Middle East which gave rise to supply concerns. Weaker than expected economic data and recurring euro zone woes put a check to the price rise.

Light and sweet crude for January delivery rose $1.09 (1.1%) to $98.01 a barrel on the New York Mercantile Exchange on Tuesday. The contract rose to a high of $98.7 during intra day trading. Crude prices briefly pared gains earlier on Tuesday, after a disappointing estimate of U.S. third-quarter economic growth. Last week, crude lost 1.6%. 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 seen opening lower on weak global cues

The market is geared for a negative start amid weak global cues. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 53.50 points at the opening bell. Asian shares fell on Wednesday, 23 November 2011, after a disappointing manufacturing survey from China and a weaker-than-expected estimate of US economic growth.

The market is likely to remain volatile in the immediate future as traders roll over positions in futures & options (F&O) segment from the near-month November 2011 series to December 2011 series. The near-month November 2011 F&O contracts expire tomorrow, 24 November 2011.