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Wednesday, February 29, 2012
Sensex, Nifty ends flat…GDP disappoints
The Sensex ended at 17,752, up 22 points or 0.12% from the last close. It earlier touched a day's high of 18,001 and day's low of 17,919. The Nifty settled at 5,385, up 10 points or 0.2%.
The market took a breather on Wednesday after surging past the 5450 mark initially. Some profit booking in the Capital Goods, FMCG and Banking space halted the upmove.
Sentiment was hit after the Government data showed lowest GDP growth in ten quarters during the third quarter. Though the lower-than-anticipated GDP data raises expectations of a rate cut by the RBI, the same may not materialise as inflation too remains elevated. In addition, there are reports of an impending fuel price hike next month, which could worsen the situation on inflation. A stubbornly high inflation may prompt the RBI to postpone its planned unwinding of tight monetary policy.
BSE Bulk Deals - Feb 29 2012
This data was last updated on Wednesday, February 29, 2012 5:19:50 PM
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
29/2/2012 511706 Action Fin SEKSARIA INDUSTRIES PVT. LTD B 115812 36.87
29/2/2012 511706 Action Fin ROHIT M NISAR S 60000 37.00
29/2/2012 506235 Alembic PAT FINANCIAL CONSULTANT PVT LTD B 1080546 16.60
29/2/2012 526397 Alphageo India-$ SAKHI BARTER PVT LTD S 28712 63.25
29/2/2012 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 25014 811.46
NSE Bulk Deals - Feb 29 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
29-FEB-2012,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,24976,813.08,-
29-FEB-2012,BEDMUTHA,Bedmutha Indust Ltd,NITIN BABAJI PALANDE,BUY,303165,23.42,-
29-FEB-2012,GOENKA,Goenka Diamond&Jewels Ltd,DHANLAXMI COTEX LTD.,BUY,209241,55.00,-
29-FEB-2012,IVRCLINFRA,IVRCL Limited,ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED,BUY,1778272,54.93,-
29-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,66588,122.10,-
29-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,INDUS PORTFOLIO (P) LTD,BUY,75439,123.25,-
29-FEB-2012,KERNEX,Kernex Microsystems (Indi,DESAI ARUNA,BUY,77316,96.68,-
Market ends flat as GDP weighs
The Indian markets closed a volatile session on a flat note with a positive bias. The Sensex up 22 points and the Nifty up 10 points.
Headlines for the day
India’s GDP at 6.1% in Q3 vs 6.9% in Q2
ONGC soars as govt approves stake sale
Rico Auto hits upper circuit on stake-sale in JV
Orbit Corp surges on plans to buy Mazda Construction
PSU shares surge as govt clears ONGC stake sale
ONGC gains ahead of auction of 5% Govt stake
Key benchmark indices eked out small gains on firm global stocks, with strong intraday gains erased by data showing slowdown in GDP growth in Q3 December 2011. The barometer index, BSE Sensex, advanced 21.56 points or 0.12%, off close to 250 points from the day's high and up about 75 points from the day's low. The market edged higher for the second day in a row. The market breadth was positive. BSE Small-Cap and Mid-Cap indices outperformed the Sensex.
The Sensex jumped 559.13 points or 3.25% in February 2012. The barometer index has surged 2297.76 points or 14.86% in calendar 2012 so far. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,616.82 points or 17.28%. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2,058.46 points or 10.39%.
MCX IPO Premiums jump again
Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 2 Lac Application) |
Hudco | 1000 | 2 to 2.50 | -- |
IRFC | 1000 | 8 to 9 | -- |
MCX (IPO) | 1032 (Higher Price Band) | 360 to 365 | Kostak Price on Last Day (24-2-2012) Rs. 3000 to 3100 |
Big gains for precious metals
Gold ends at three and half months high while silver ends at five and half months high
Bullion metal prices ended substantially higher on Tuesday, 28 February 2012 at Comex. Comex April gold futures prices ended the U.S. day session at three and half month highs while silver ended at six and half month highs as value-buying and a lower dollar lifted the metals.
Gold for April delivery ended higher by $13.5 or 0.8%, to end at $1,788.4 an ounce on the Comex division of the New York Mercantile Exchange on Tuesday. Year-to-date, gold has gained 14%, while prices have risen 2.8% on the month of February 2012. Gold ended the month of January higher by 11%. For the year 2011, gold rose 10%.
Market may gain on firm Asian stocks; Q3 GDP data eyed
The market may gain on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 35 points at the opening bell.
The government is slated to announce Q3 December 2011 gross domestic product (GDP) data at 11:00 IST today, 29 February 2012. The Indian economy is seen registering a still lower 6.4% growth in Q3 December 2011, as per the median estimate of a poll of economists carried out by Capital Market. GDP grew 6.9% in Q2 September 2011, which was the lowest growth rate in over two years.
State-run ONGC will launch on Thursday, 1 March 2012 a share sale through an auction that aims to raise at least $2.5 billion. The offering will close on the same day. The government will sell 5% of its holding, or about 42.8 crore shares, in the offering and the floor price for the issue has been set at Rs 290 a share
Positive global cues may push markets higher
It is expected to be a higher opening on the back of good global cues. India’s GDP data for December quarter will be in focus.
Headlines for the day
LIC sells 2% in Tata Global Beverages for Rs 161 cr
TCS bags deal from S Africa's Nedgroup Insurance
Govt approves 5% ONGC share sale through auction
Union Bank may cut home, education lending rates next month
Events for the day:
India’s GDP data for December quarter
Better Trades for the day - Feb 29 2012
Results: Bata India, Videocon Industries
Stock in news:
LIC sells 2% in Tata Global Beverages for Rs161 crore.
TCS bags deal from S Africa's Nedgroup Insurance.
Government approves 5% Oil & Natural Gas Corporation ( ONGC) share sale through auction.
Union Bank of India may cut home, education lending rates next month.
BSE Bulk Deals to Watch - Feb 28 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
28/2/2012 533296 Agre Developers VIKASH SOMANI SECURITIES PRIVATE LTD B 125000 34.75
28/2/2012 533296 Agre Developers LAMBODAR TRADERS B 275000 34.75
28/2/2012 533296 Agre Developers RATNABALI CAPITAL MARKETS LIMITED S 400000 34.75
28/2/2012 531678 Anand Credit SHAH DAKSHA PRAVINCHANDRA S 58783 2.50
28/2/2012 531560 Aroma Enterprises ADROIT TRADELINK PRIVATE LIMITED S 40000 8.44
28/2/2012 533108 BHILWRA TEC DIPLOMAT LEASING & FINANCE PVT LTD B 329504 5.86
28/2/2012 533108 BHILWRA TEC ARSHIA TRADE MART PRIVATE LIMITED S 317000 5.87
28/2/2012 511710 Cubical Fin OCEAN PEARL HOTELS PRIVATE LIMITED B 83698 46.35
NSE Bulk Deals to Watch - Feb 28 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,KSHITIJ-PORTFOLIO-PVT.-LTD.,BUY,87778,113.92,-
28-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,QUADEYE SECURITIES PRIVATE LIMITED,BUY,76925,116.27,-
28-FEB-2012,RUSHIL,Rushil Decor Limited,JHAVERI TRADING AND INVESTMENT PVT LTD,BUY,83900,189.67,-
28-FEB-2012,CREWBOS,Crew B.O.S. Products Limi,MEHROTRA LAXMI NATH,SELL,89278,34.14,-
28-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,KSHITIJ-PORTFOLIO-PVT.-LTD.,SELL,37778,115.47,-
28-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,QUADEYE SECURITIES PRIVATE LIMITED,SELL,76925,116.41,-
28-FEB-2012,KSOILS,K S Oils Limited,CVCIGP II CLIENT ROSEHILL LIMITED - DR A/C,SELL,2768460,8.04,-
28-FEB-2012,PGEL,PG Electroplast Ltd,JHAVERI TRADING AND INVESTMENT PVT LTD,SELL,93500,199.83,-
28-FEB-2012,REFEX,Refex Refrigerants Ltd,WAZIR FINANCIAL SERVICES PVT.LTD.,SELL,116200,6.21,-
Market rebounds after recent correction
Key benchmark indices edged higher on bargain hunting after the market lost over 5% in the preceding four sessions. Firm global stocks boosted sentiment in today's trade. The barometer index, BSE Sensex, rose 285.37 points or 1.64%, off close to 46 points from the day's high and up close to 201 points from the day's low. Eleven out of 13 sectoral indices on BSE rose. The market breadth was strong. Small-Cap and Mid-Cap indices on BSE outperformed the Sensex.
Bargain hunting emerged after the Sensex lost 983 points or 5.33% in four trading sessions to 17,445.75 on 27 February 2012, from a 30-week high of 18,428.61 on 21 February 2012. The Sensex has jumped 537.57 points or 3.13% in February 2012 so far. The barometer index has surged 2276.20 points or 14.73% in calendar 2012 so far. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,595.26 points or 17.15%. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2,080.02 points or 10.50%.
Tuesday, February 28, 2012
Daily News Roundup - Feb 28 2012
Citigroup Inc, facing pressure to raise capital to comply with stricter norms, will sell its holding in India’s biggest mortgage lender, HDFC for Rs.100bn nearly tripling investments in five-and-a-half years.(ET )
Tata Communications , seeking to raise its profile around the globe, unveiled a technology partnership with Formula One motor racing, a further sign of the sport's growing appeal in emerging markets.(ET)
Air-conditioner makers such as LG, Godrej and Panasonic have reported up to 25% fall in their sales to dealers from January till this week—a period when companies usually dispatch almost half of their summer inventories.(ET)
The Adani Group plans to transform and streamline its businesses to focus on three core sectors — resources, logistics and energy — and will spend US$6bn to expand globally.(ET)
Grey Market - IPO - MCX
Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 2 Lac Application) |
Hudco | 1000 | 1.50 to 2 | -- |
IRFC | 1000 | 7 to 8 | -- |
MCX (IPO) | 1032 (Higher Price Band) | 280 to 290 | Kostak Price on Last Day (24-2-2012) Rs. 3000 to 31000 |
Turnaround at start!
Obstacles don't have to stop you. If you run into a wall, don't turn around and give up. Figure out how to climb it, go through it, or work around it. - Michael Jordan.
The Nifty has quickly lost altitude after soaring past 5600 and is now hovering around 5300 levels. Tuesday’s turnaround may be visible at start as the indices could regain some lost ground. The undertone is likely to remain jittery though due to a number of factors.
High crude oil price is one of them. Already there are reports of an impending fuel price hike post state elections. That will, in turn push up inflation, possibly deferring a rate cut by the RBI. Liquidity continues to be tight and could get worse mid-March due to the advance tax outgo.
RIL, bank stocks lead initial gains
Key benchmark indices trimmed gains after a firm opening. The barometer index, BSE Sensex, was up 108.27 points or 0.62%, off about 80 points from the day's high and up close to 25 points from the day's low. The market breadth was strong. All the 13 sectoral indices on BSE were in the green. Mostly higher Asian stocks underpinned sentiment. Index heavyweight Reliance Industries (RIL) edged higher in early trade on reports RIL and BP PLC will submit a joint plan to the government to develop the D6 natural gas block and its satellite fields as an integrated unit. Bank stocks gained on renewed buying.
At 09:30 IST, the BSE Sensex was up 108.27 points or 0.62% to 17,554.02. The index rose 190.99 points at the day's high of 17,636.74 in early trade. The index gained 84.69 points at the day's low of 17,530.44 in early trade.
Monday, February 27, 2012
MCX POST IPO GREY MARKET PREMIUM
Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 2 Lac Application) |
Hudco | 1000 | 2.50 to 3 | -- |
IRFC | 1000 | 8.75 to 9 | -- |
MCX (IPO) | 1032 (Higher Price Band) | 355 to 360 | Kostak Price on Last Day (24-2-2012) Rs. 3000 to 31000 |
Sunday, February 26, 2012
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Saturday, February 25, 2012
First weekly fall for markets in 2012
The Indian markets broke seven-week winning trend on profit booking. The Sensex fell 2% and the Nifty declined 2.4%.
Headlines for the week
Kingfisher Airlines faces tough times
Citigroup sells HDFC stake
Econet seeks $3.1 billion damages from Bharti Airtel
India’s GDP to grow at 7.1% in FY12: Rangarajan
Jan consumer price inflation at 7.65%
ABB Q4 net profit soars over 9-fold
Ranbaxy Q4 consolidated net loss at Rs2982.76 crore
Weekly Newsletter - Feb 25 2012
We warned about a meaningful correction on Feb. 22. Incidentally, the main indices witnessed second big fall of 2012 on the day. Not only that, the Indian market broke its seven-week winning streak this week. The frontline indices fell for three straight days and logged their first down week of 2012. Traders preferred to book profits in the run up to important domestic events next month.
The fall this week may not necessarily be a bad thing. A pause is always healthy after such a rise. For those who missed the rally, such corrections could be a blessing in disguise. The Indian market could consolidate in a sideways fashion in the near term as uncertainties over the European debt crisis and geopolitical tensions persist.
One should keep a close eye on FII flows, which have been quite robust so far. Q3 GDP data and LTRO-2 by the ECB will among the events to keep on one’s radar for next week. The Centre must not lose any time in accelerating reforms. That will in turn become fuel for our markets.
India's CPI stood at 7.65% in January
Provisional annual inflation rate based on all India general CPI (combined) for January 2012 on a point-to-point basis (January 2012 over January 2011) is 7.65%. The corresponding inflation rates for Rural and Urban areas are 7.38% and 8.25%, respectively. Inflation as measured by the Wholesale Price Index (WPI) declined to a 26-month low of 6.55% in January. The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation releases Consumer Price Indices (CPI) on base 2010=100 for all-India and States/UTs separately for Rural, Urban and Combined every month with effect from January 2011. The General Indices for Rural, Urban and Combined are 115.0, 112.8 and 114.0 respectively. The annual consumer price index (CPI) data released for the first time today measures retail prices in major food groups, fuel, clothing, housing and education across rural and urban India. Provisional annual inflation rates of January 2012 for Rural, Urban and Combined in respect of ‘Food & Beverages’ stood at 4.18%, 3.98% and 4.11%, respectively, said Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics and Programme Implementation. Vegetables were cheaper by over 24 per cent on a nationwide basis in January over the same month last year. Milk & Milk products turned dearer by 16.53% on an annual basis, while the price of Oils and Fats rose by 13.47%. Condiments and Spices turned costlier by 11.83% and Fruits by 10.62%. The inflation numbers for Fuel & Light, Clothing, Bedding and Footwear segments were in double-digits.
Sensex, Nifty near 1-1/2-week closing lows
Key benchmark indices fell for the third straight day to reach their lowest closing level in almost 1-1/2 weeks. The barometer index, BSE Sensex, fell below the psychological 18,000 level as higher oil prices hit sentiment adversely. The Sensex lost 154.93 points or 0.86%, up close to 75 points from the day's low and off about 275 points from the day's high. The market breadth was weak.
India imports about 80% of its total oil consumption and the rise in prices could worsen a widening trade deficit. Oil advanced for the seventh day in a row today, 24 February 2011, the longest winning streak since January 2010, on signs of economic recovery from the US to Germany and concern escalating tension with Iran threatens crude supplies. Nymex crude oil for April delivery was up 35 cents to $108.18 a barrel.
MCX Subscription Oversubscription Details - Retail
| MULTI COMMODITY EXCHANGE | ||||
|---|---|---|---|---|
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 2162083 | 106192932 | 49.12 |
| 1(a) | Foreign Institutional Investors (FIIs) | 43593366 | ||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 51320550 | ||
| 1(c) | Mutual Funds | 7818888 | ||
| 1(d) | Others | 3460128 | ||
| 2 | Non Institutional Investors | 926607 | 139313544 | 150.35 |
| 2(a) | Corporates | 73526028 | ||
| 2(b) | Individuals (Other than RIIs) | 64728672 | ||
| 2(c) | Others | 1058844 | ||
| 3 | Retail Individual Investors (RIIs) | 2162082 | 52190634 | 24.14 |
| 3(a) | Cut Off | 46194600 | ||
| 3(b) | Price Bids | 5996034 | ||
| 4 | Employees | 250000 | 44034 | 0.18 |
| 4(a) | Cut Off | 42276 | ||
| 4(b) | Price Bids | 1758 | ||
| Updated as on 24 FEB 2012 at 2030 hrs | ||||
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