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Tuesday, January 24, 2012
BSE Bulk Deals to Watch - Jan 24 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
24/1/2012 522275 Areva T&D GRID EQUIPMENTS LIMITED B 90376365 179.00
24/1/2012 522275 Areva T&D ALSTOM GRID SAS S 90376365 179.00
24/1/2012 531560 Aroma Enterprises ADROIT TRADE LINK PVT LTD B 44000 16.20
24/1/2012 531560 Aroma Enterprises RAJYOG SHARE AND STOCK BROKERS B 25000 16.20
24/1/2012 531560 Aroma Enterprises ADROIT TRADELINK PRIVATE LIMITED B 25000 16.20
NSE Bulk Deals to Watch - Jan 24 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
24-JAN-2012,DCB,Development Credit Bank L,PACE STOCK BROKING SERVICES PRIVATE LIMITED,BUY,1225355,42.67,-
24-JAN-2012,IFCI,IFCI Ltd.,ADROIT SHARE & STOCK BROKER PVT. LTD.,BUY,4515819,26.60,-
24-JAN-2012,IVRCLINFRA,IVRCL Limited,ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED,BUY,1702741,48.46,-
24-JAN-2012,PRAKASHCON,Prakash Constrowell Ltd,NITIN BABAJI PALANDE,BUY,50258,167.38,-
Market plays well on RBI’s move; Sensex up 244 points
The Indian markets cheered the RBI’s move and closed the trade at more than 2-month high on heavy volumes. The Sensex advanced 244 points and the Nifty up 81 points.
Headlines for the day
RBI cuts CRR by 50 bps, leaves policy rates unchanged
Strides Arcolab hits 52-week high on stake sale in unit
Yes Bank Q3 net profit up by 33%
Lupin Q3 consolidated net profit marginally up
Nifty February 2012 futures above 5100
Turnover surges
Nifty January 2012 futures were at 5108, at a discount of 19.35 points compared to spot closing of 5127.35. Nifty February 2012 futures were at 5133, at a premium of 5.65 points compared to spot closing. Turnover on NSE's futures & options (F&O) segment surged to Rs 205305.78 crore from Rs 111827.75 crore on Monday, 23 January 2012.
State Bank of India (SBI) January 2012 futures were at 2045.10, near spot closing of 2043.90.
Axis Bank January 2012 futures were at 1022.55, near spot closing of 1020.90.
Sensex, Nifty scale 10-week highs
Key benchmark indices reached their highest closing level in more than 10 weeks as the Reserve Bank of India (RBI)'s latest move to cut the cash reserve ratio (CRR) requirement for banks by 50 basis points to 5.5% from 6% at a quarterly policy review today, 24 January 2012, boosted investor sentiment. The barometer index, BSE Sensex, settled a tad below the psychological 17,000 mark, having alternately moved above and below that mark in intraday trade. The Sensex jumped 244.04 points or 1.46%, off about 55 points from the day's high and up about 225 points from the day's low. Also boosting the sentiment was a statement from the central bank that the reduction in CRR can be viewed as a reinforcement of the guidance that future rate actions will be towards lowering interest rates.
Markets trade higher amid volatility
The Indian markets are trading with gains amid volatility ahead of credit policy to be declared today. The major heavyweights supporting the markets are RIL, L&T, HDFC, Bharti Airtel, HUL, TCS and Cipla. The market breadth was in favour of advances, with 56% shares rising and 40% shares falling. The broader indices — BSE Smallcap up by 0.07% and BSE Midcap up by 0.39%.
Asian shares are marginally higher, after the European Union announced it’s planning an embargo of Iranian oil exports.
Among the 13 sectoral indices, eight stocks were trading higher. Gainers - BSE CG up by 1.01%, BSE CD up by 0.93% and BSE Oil & Gas up by 0.80%. Losers - BSE Realty down by 0.83%, BSE Metal down by 0.40% and BSE Auto down by 0.36%.
Daily News Roundup - Jan 24 2012
Jet Airways said that it will rebrand its low-fare subsidiary JetLite as Jet-Konnect Airways by May this year.(ET)
Suzlon, Bharat Light and Power Pvt Ltd, and another company called Greenshore Energy, have shown interest in putting up large-scale wind farms in the seas near Tamil Nadu.(BL)
Reliance Industries Ltd (RIL) gave an assurance to the Supreme Court that it would pay from the beginning of next month value-added tax (VAT) on gas sale in Uttar Pradesh during the period of pendency of the case on double taxation – Central Sales Tax (CST) and VAT – in the Allahabad High Court.(BL)
Doors wide open!
"The doors we open and close each day decide the lives we live." - Flora Whittemore.
A cautious start and muted morning trade is in the offing as investors remain on tenterhooks before the RBI’s latest policy announcement. The doors remain wide open even though markets have resigned to the fact that there won’t be any rate cuts today.
The rupee and the Government’s fiscal profligacy are among the other factors playing on the RBI’s minds. While the rupee has strengthened a wee bit, lack of comfort on the fiscal front is a cause for concern.
Meanwhile, the probability of a CRR cut has gone up due to persistently tight liquidity. Still, it will be better to adopt a wait and watch approach.
Crude prices crawl up
Prices break three-day losing streak as the European Union imposes an import ban on Iranian oil
Crude prices ended higher on Monday, 23 January 2012 at Nymex. Prices rose due to a low dollar and as European Union put an import ban on oil from Iran. Supply concerns took prices up.
Light and sweet crude for March delivery rose $1.25 (1.3%) to $99.58 a barrel on the New York Mercantile Exchange on Monday. Prices dropped 0.2% last week.
Market may open higher on firm Asian stocks; RBI's policy review eyed
The market may open higher on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 18.50 points at the opening bell. High volatility is expected this week as traders roll over positions in futures & options (F&O) segment from the near-month January 2012 series to February 2012 series. The near-month January 2012 F&O contracts expire tomorrow, 25 January 2012. The stock market remains closed on Thursday, 26 January 2012, on account of Republic Day.
The Reserve Bank of India (RBI) is widely expected to keep its key lending rate viz. the repo rate steady at the Third Quarter Review of Monetary Policy 2011-12 today, 24 January 2012, as headline inflation remains high. At its mid-quarterly monetary policy review meet on 16 December 2011, the RBI left its main lending rate unchanged in order to support faltering economic growth as inflation shows signs of cooling.
Interest rate sensitive sectors could be in focus ahead of RBI meet
Shares in interest rate sensitive sectors such as real estate, banking and automobiles may see action ahead of the Reserve Bank of India (RBI)'s meeting today, 24 January 2012. The RBI is widely expected to keep its key lending rate viz. the repo rate steady at the Third Quarter Review of Monetary Policy 2011-12 today, as headline inflation remains high.
Gas output from Reliance Industries (RIL)-operated D6 block could reportedly fall below the current 38-39 million cubic metres a day (mmscmd), under half of the estimated peak rate of 80 mmscmd. All oil, gas fields undergo some decline. So this (output from D6's producing fields) can also decline, S.K. Srivastava, director at the Directorate General of Hydrocarbons, told the media on Monday, 23 January 2012.
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