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Tuesday, November 29, 2011

BSE Bulk Deals to Watch - Nov 29 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
29/11/2011 533412 Aanjaneya Lifecare DOME - BELL ELECTRONICS INDIA PVT LTD B 80000 460.00
29/11/2011 533412 Aanjaneya Lifecare JHELUM HOLDING PRIVATE LIMITED S 80000 460.00
29/11/2011 532674 Bannari Amman Spg TRUPTI PETROLEUMS PRIVATE LIMITED B 222320 48.61

NSE Bulk Deals to Watch - Nov 29 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
29-NOV-2011,AANJANEYA,Aanjaneya Lifecare Ltd,DOMEBELL ELECTRONICS INDIA PVT.LTD,BUY,100000,461.90,-
29-NOV-2011,HGSL,Hinduja Global Sols Ltd,AASIA CORPORATION,BUY,300000,327.00,-

Sensex underperforms its peers, closes 159 points lower

Today’s losses came on the back of big gains in the previous trade. The Sensex fell 159 points and the Nifty slid 46 points at the close

Headlines for the day

I-T raid at office, residential premises of Gitanjali Gems; stk falls

DB Realty soars as promoter Shahid Balwa gets bail

PSU OMCs decline on buzz of cut in petrol prices

GTL, GTL Infra gain on reports of conversion of debt to equity

Nifty December 2011 futures at premium

Turnover surges

Nifty December 2011 futures were at 4812, at a premium of 6.90 points compared to spot closing of 4805.10. Turnover on NSE's futures & options (F&O) segment surged to Rs 92298.96 crore from Rs 80615.34 crore on Monday, 28 November 2011.

State Bank of India (SBI) December 2011 futures were at 1741.80, at a discount compared to spot closing of 1755.90.

Sensex off 9.5% in November 2011 thus far

Key benchmark indices edged lower in choppy trade as the deadlock over allowing foreign direct investment (FDI) in retail sector continued as an all-party meeting failed to reach an agreement and both houses of Parliament were adjourned for the day amid protests by parties opposed to the move. Shares of organized retailers dropped. Data showing sustained selling by foreign funds over the past few days also weighed on sentiment. The BSE Sensex lost 158.79 points or 0.98%, off close to 200 points from the day's high and up about 55 points from the day's low. The market breadth was negative.

The Sensex has lost 1,696.67 points or 9.58% this month so far. The Sensex has slumped 4,500.75 points or 21.94% in calendar 2011. From a 52-week high of 20,664.80 on 3 January 2011, the Sensex has lost 4,656.46 points or 22.53%. From a 52-week low of 15,478.69 on 23 November 2011, the Sensex has risen 529.65 points or 3.42%.

Daily News Roundup - Nov 29 2011

Reliance Industries has sent an arbitration notice to the Oil Ministry over the move to disallow some of the expenditure the firm has made in the KG-D6 gas fields as punishment for falling output. (BS)

The State Bank of India-led consortium of banks has broadly agreed to the financial restructuring plan of Air India. (BL)

Ericsson has signed a five-year deal with Bharti Airtel to provide managed services for its Indian operations. (ET)

Infosys BPO has decided to set up rural centres in Tier II and Tier III towns in foreign countries. (BL)

Sensex leaps on global cues…Nifty reclaims 4800

Indian stocks rallied on Monday, kicking off the new trading week on a solid note, as investors chose to overlook the continued uproar in parliament and instead focused on the positive development in the eurozone. The BSE Sensex ended above 16,000 while the NSE Nifty finished above the 4,800 mark.

Key Indian stock indices accelerated on the back of healthy gains in other Asian markets and a positive opening in the European markets.

Reports said that European leaders have prepared draft rules for the region's bailout fund while Germany and France are looking at how to deepen fiscal integration in the euro zone. Also adding to the positive mood was news that US retail sales jumped over the Thanksgiving weekend.

Politics sours sentiment

"Politics is for the present, but an equation is for eternity." - Albert Einstein.

Government’s move to open up retail trade to foreign companies has kicked up a major political storm. Not just opposition parties but a couple of key UPA allies and the Kerala Congress unit are also resisting the decision. Parliament has hardly done any business of significance in five sittings. It may not function normally until the FDI in retail issue is settled.

Bullions revive upward journey following last week's sell off

Weak dollar and higher US stocks impart the shine

Precious metals ended substantially higher on Monday, 28 November 2011 at Comex. Prices ended solidly higher on Monday on bargain hunting and short covering following selling pressure seen last week. Prices also got a good push as dollar turned weak.

Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of other currencies and also vice versa. But bullion metals have registered increase in prices despite strong dollar in recent times and vice versa.

Crude kisses $100 mark during intra day trading

Prices rise in tandem with US stocks and upbeat holiday sales figure

Higher US stocks, weak dollar and upbeat holiday sales numbers pushed crude prices higher on Monday, 28 November at Nymex. Prices crossed $100 during intra day trading but dropped from session highs while going into close.

Light and sweet crude for January delivery rose $1.44 (1.5%) to $98.21 a barrel on the New York Mercantile Exchange on Monday. Prices touched a high of $100.74 during intra day trading. Last week, crude lost 0.7%. 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.

Market may open flat to slightly lower

Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 4.50 points at the opening bell. Asian shares traded mostly higher on Tuesday, 29 November 2011, extending an advance made in the previous session as investors hoped for a timely resolution to Europe's debt problems.

Key benchmark indices reached their highest closing level in nearly 1-1/2 week on Monday, 28 November 2011, as global stocks surged driven by renewed optimism that European officials were poised to take action to alleviate debt crisis wreaking havoc in the euro zone. The BSE Sensex jumped 471.70 points or 3.01% to settle at 16,167.13, its highest closing level since 18 November 2011.

Euro zone optimism may lift markets at start

The Indian markets expect a positive start on debt crisis action optimism. Developments in the Europe will continue to remain in focus.

Stock in News:

RIL sends arbitration notice to petroleum ministry

Adani Power to raise capacity to 5,500MW by March

DoT to meet industry to resolve 3G roaming issue

Fitch affirms low-default risk on Union Bank

SGX Nifty Live Update - Nov 29 2011

4871.50 +1.75(+0.04%)