Coal India - Price Target 380
Wednesday, January 04, 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
4/1/2012 521097 Amarjothi Spin AMARJOTHI COLOUR B 1822500 46.25
4/1/2012 521097 Amarjothi Spin JAICHANDER . S 607500 46.25
4/1/2012 521097 Amarjothi Spin PREMCHANDER R . S 607500 46.25
4/1/2012 521097 Amarjothi Spin RAJAN . S 607500 46.25
4/1/2012 511672 Clarus Finance RAKESH KUMAR CHORDIA B 150000 62.40
4/1/2012 511672 Clarus Finance PACEMAN SALES PROMOTION P RIVATE LIMITED S 125000 62.40
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
04-JAN-2012,DREDGECORP,Dredging Corporation of I,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,142796,271.41,-
04-JAN-2012,GSS,GSS Infotech Limited,GULAB SHRIMAL,BUY,150000,44.63,-
04-JAN-2012,ITI,ITI Ltd.,RAM MURTI KUNDRA,BUY,123502,21.29,-
04-JAN-2012,STAN,Standard Chartered PLC,MACQUARIE BANK LIMITED,BUY,1450000,82.50,-
04-JAN-2012,STCINDIA,The State Trading Corpn,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,661759,177.52,-
04-JAN-2012,STCINDIA,The State Trading Corpn,GENUINE STOCK BROKERS PVT LTD,BUY,329434,178.92,-
The Indian markets closed the volatile session on a negative note after two-day rise. The Sensex fell 57 points and the Nifty declined 16 points
Headlines for the day
Telcos fall as DoT demands Rs1,590 cr for understating revenue
India's services sector grows at fastest pace in 5 months
Union Budget to be presented after March 9
NSE to conduct LIVE trading session on Jan 07
Volatility ruled the roost today, 4 January 2012, as key benchmark indices flip-flopped between negative and positive territory. After a choppy start, the barometer index, BSE Sensex, shot up to the psychological 16,000 mark in mid-afternoon trade. Gains could not be sustained as the market soon reversed direction. Concerns about upcoming Q3 December 2011 earnings and weak European stocks hit investor sentiment adversely. The Sensex fell 56.72 points or 0.36%, off about 122 points from the day's high and up about 60 points from the day's low.
The market snapped a two-day winning streak. The Sensex had jumped 484 points or 3.13% in two trading sessions to settle at 15,939.36 on Tuesday, 3 January 2012, from a recent low of 15,454.92 on Friday, 30 December 2011. The Sensex has jumped 427.72 points or 2.77% this month so far. From a 52-week high of 20,664.80 on 3 January 2011, the Sensex has lost 4782.16 points or 23.14%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 746.78 points or 4.93%.
Better-than-expected US and China data boosted global stocks and may push the Indian markets higher at start.
Headlines for the day:
IOC may set up Rs 30,000-cr refinery in Gujarat
RIL strikes mega media deal
Adani Power to invest Rs 3,000 cr in solar power
Banks start year with sale of covered bonds
SEBI Board clears regulatory changes to allow PSU buybacks
Kingfisher told to clear December service tax dues by Jan 5/6. (BL)
Reliance Industries Limited has divested its undisclosed stake in Eenadu Group to TV18 Broadcast Limited. (BL)
Indraprastha Gas Ltd is scouting for committed supply of natural gas and has approached BG, Shell, GAIL (India), and Bharat Petroleum Corporation for long-term commitments. (BL)
HCC has received a letter of acceptance for a Rs2.89bn contract to construct a bulk water transmission system for Gujarat Water Infrastructure Ltd. (BL)
If your success is not on your own terms, if it looks good to the world but does not feel good in your heart, it is not success at all. - Anna Quindlen.
The rally may give a slight impression that things are looking up. The appetite for risk could extend for a day or two. However, doubts persist whether the upbeat start to January can be sustained given the foggy outlook for the Indian economy and problems plaguing other markets. The bounce in world markets may bump into resistance amid persistent worries about the eurozone debt crisis.
Weak dollar and substantially higher crude oil prices support prices
Precious metal prices kicked off the new year 2012 on a brighter note as they ended higher on Tuesday, 03 January 2012 at Comex. Prices were supported with the help of a weak dollar and substantially higher crude oil prices. Geopolitical concerns surrounding Iran and potential for conflict in the Strait of Hormuz also brought some safe-haven demand for gold.
Gold for February delivery ended higher by $33.7 or 2.2%, to end at $1,600.5 an ounce on the Comex division of the New York Mercantile Exchange on Tuesday. Prices rose to a high of $1,608.7 during intra day trading. Prices shed 2.4% during the week. For the year, gold rose 10%.
Crude gains more than 4% on a single session
Crude prices ended substantially higher on Tuesday, 03 January 2012 at Nymex. Prices rose in tandem with US stocks. A weak dollar and better than expected economic data at Wall Street pulled up prices. Geopolitical concerns surrounding Iran and potential for conflict in the Strait of Hormuz also kept oil prices high throughout the session.
Light and sweet crude for February delivery rose $4.13 (4.2%) to $102.96 a barrel on the New York Mercantile Exchange on Tuesday. For the year 2011, crude futures gained 8.2%.
Hopes of higher demand and weak dollar pull up prices
Copper prices ended considerably higher on Tuesday, 03 January 2012 at Comex. A weak dollar and better than expected economic data at Wall Street pulled up metal prices.
Copper for March delivery ended higher by 9 cents (2.7%) at $3.53 a pound at Comex on Tuesday. For the year 2011, copper shed 23% following a 30% increase in 2010 and a 140% jump in 2009, boosted by surging demand from China's manufacturers. China accounts for 40% of the world's refined copper consumption.
The market may extend two-day 3.13% rally on mostly higher Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 6 points at the opening bell.
Market regulator the Securities & Exchange Board of India (Sebi) said on Tuesday allowed auctioning of securities through stock exchanges and introduced a new method for institutional placement of stocks. The move will help fund-raising by the government, which has so far been unable to meet its target of Rs 40000 crore from share sales in state-run firms this fiscal that ends in March.