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Monday, January 30, 2012
BSE Bulk Deals to Watch - Jan 30 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
30/1/2012 531560 Aroma Enterprises AASHISH DEVELOPER B 320000 13.95
30/1/2012 531560 Aroma Enterprises KANCHANBHAI BALDEVBHAI PATEL S 145000 13.95
30/1/2012 531560 Aroma Enterprises KANDARP KANCHANBHAI PATEL S 83000 13.95
30/1/2012 531560 Aroma Enterprises NISHITH BABULAL SHAH S 83800 13.95
30/1/2012 590114 Arunjyoti Enterprises ANUPAM NARAIN GUPTA B 30000 27.08
30/1/2012 590114 Arunjyoti Enterprises PURAN CHAND CHOUDHARY B 30000 26.98
NSE Bulk Deals to Watch - Jan 30 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-JAN-2012,BARTRONICS,Bartronics India Limited,VAIBHAV DOSHI STOCKS AND COMMODITES PRIVATE LIMITED,BUY,185664,39.99,-
30-JAN-2012,CREWBOS,Crew B.O.S. Products Limi,AJAY ASSET MANAGEMENT PRIVATE LIMITED,BUY,83623,34.39,-
Sensex ends 371 points lower on profit booking
It was a weak session for the Indian markets, with the Sensex closing 371 points lower and the Nifty down 117 points.
Headlines for the day
BHEL tanks on fall in orderflow
New order boosts RPP Infra Projects
Indiabulls Financial Services Q3 consolidated net profit up 22%
OBC Q3 net profit down by 13%
Profit taking dent Asia Pacific markets
Risk appetite retreats ahead of EU Summit in Brussels
Asia Pacific stock markets ended first day of new trading week in deep red, with the MSCI Asia Pacific Index retreated 0.9%, as investors succumbed to profit taking amidst uninspired gross domestic product figures from the United States and lingering debt concerns from Europe. Meanwhile steep fall in Chinese market after returning from weeklong Lunar New Year holidays and lower opening of European bourses intensified profit booking across the regional bourses.
Investors dumped riskier positions across the regional markets on growing uncertainty about the European debt after Fitch Ratings downgraded the sovereign credit ratings for Belgium, Cyprus, Italy, Slovenia and Spain and potential disorderly Greece default as Greek government and its private creditors failed to come up with an agreement on debt swap talks before the start of a European summit which is going to begin later today.
Market slides to one-week low on weak global cues
Weakness in global equity markets pulled Indian stocks lower today, 30 January 2012. The barometer index, BSE Sensex, snapped a 6-day rally to end below the psychological 17,000 mark. The Sensex lost 370.68 points or 2.15%, off about 275 points from the day's high and up close to 35 points from the day's low. The Sensex and the 50-unit S&P CNX Nifty reached one-week closing lows. The market breadth was weak. All the 13 sectoral indices on BSE declined.
The market had surged recently. The Sensex had jumped 782.51 points or 4.75% in six trading sessions to settle at 17,233.98 on Friday, 27 January 2012, from a recent low of 16,451.47 on 18 January 2012. The Sensex has jumped 1408.38 points or 9.11% so far in this month. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2947.84 points or 14.88%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1727.44 points or 11.41%.
Daily News Roundup - Jan 30 2012
Dr Reddy's Laboratories Ltd said the issue pertaining to its promotional material for fondaparinux sodium for injection, with the US Food and Drug Administration has been closed. (BL)
Domestic coal shortage has prompted NTPC to buy coal through e-auction, at rates lower than the market prices. (BS)
DLF has decided to outsource a large portion of its construction work to companies like L&T and Shapoorji Pallonji instead of doing on its own. (ET)
Mahindra & Mahindra is looking to increase production of its sports utility vehicle XUV500 to about 3,000 units per month in the next two-three months because of strong demand. (BS)
Down to start with
"It is easier to pull down than to build up" - Latin Proverb.
Equities have done exceedingly well this month amid growing optimism about the health of the US economy. Fears of a hard landing in China have also been addressed to an extent. Falling borrowing costs for the debt-stricken euro nations have also helped.
But, the euro region is still not out of the woods yet. Greece is still struggling to secure more aid from international creditors to avert a default. Fitch Ratings has lowered the grades of Italy, Spain and three others. All eyes will be on today's EU leaders’ summit.
Markets may fall at start
It is likely to be a lower opening on the back of negative global cues. Earnings will continue to pour in and may drive the sentiments.
Headlines for the day:
NMDC may acquire property in Australia.
Neyveli Lignite plans Rs5,000 crore power plant.
Honda expects normal output by March as parts supplies resume.
Four companies drop IPO plans despite strong markets
Market may open lower on weak Asian stocks
The market may open lower on weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 42 points at the opening bell. LIC Housing Finance and Indian Bank unveil Q3 results today, 30 January 2012.
Power equipment major Bharat Heavy Electricals (Bhel) announced after market hours on Friday that net profit rose 2.09% to Rs 1432.61 crore on 19.21% growth in total income to Rs 10939.10 crore in Q3 December 2011 over Q3 December 2010.
Bhel's order backlog stood at Rs 146500 crore as on 31 December 2011. The company said order backlog was reduced to the extent of Rs 5847 crore in Q3 December 2011 as the company has seen one order cancelled during the quarter and few other small orders underwent change in scope. There is no such thing as slow moving orders in the order backlog, the company's management said in a post-result conference call with analyst. Bhel said provision (contractual obligation, LD and bad and doubtful debts) for the quarter has gone up to the extent of Rs 218 crore.
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