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Friday, February 03, 2012
NHAI - PFC - HUDCO - IRFC - Grey Market Premiums
Company Name | Offer Price (Rs.) | Premium % | Kostak (Rs. 1 Lac Application) | Kostak (Rs. 5 Lac Application) |
NHAI | 1000 | 17 to 18 | -- | -- |
PFC (Bond) | 1000 | 16 to 17 | -- | -- |
Hudco | 1000 | 5 to 6 | -- | -- |
IRFC | 1000 | 4 to 5 | 1300 to 1400 | 6500 to 700 |
Nifty closes above 5300...Sensex tops 17,600
The Indian stock market ended in the positive terrain for a fourth straight session, with the benchmarks closing near day’s high. Once again, it was a splendid week for the Indian market, with the NSE Nifty and the BSE Sensex closing above 5300 and 17,600, respectively. With this, they have now gained for five successive weeks. Both the indices are up 11-12% each year-to-date. The rupee too has rallied in lock step with the local equities and a worldwide 'risk on' rally.
As far as Friday is concerned, after trading in a narrow range for most part of the day, the benchmarks suddenly leapt back to life in late afternoon. Sustained buying was seen in index heavyweights like HUL, NTPC, Sun Pharma, DLF, BHEL and TCS.
Focus remains on 3rd quarter results
Investors will closely watch the next batch of Q3 December 2011 results, which is likely to dictate the near-term trend on the bourses. On the macro front, data on industrial production for January 2012 is due on 10 February 2012. On the political front, seven-phase polling for assembly elections in Uttar Pradesh begins on Saturday, 4 February 2012.
The Q3 December 2011 results announced so far have been mixed. The combined net profit of a total of 1,349 companies fell 2.3% to Rs 52223 crore on 25.4% growth in sales to Rs 570526 crore in Q3 December 2011 over Q3 December 2010.
Market extends rally for 5th week in a row
The market jumped last week on strong inflows from foreign institutional investors (FIIs). Data released during trading hours on Wednesday, 1 February 2012, showing strong manufacturing sector growth in January 2012 underpinned sentiment. A private survey showing that the services sector grew at its fastest pace in six months in January 2012, further boosted market.
The BSE Sensex rose 370.98 points or 2.15% to 17,604.96 in the week ended Friday, 3 February 2012. The S&P CNX Nifty rose 121.15 points or 2.33% to 5,325.85.
The BSE Mid-Cap index rose 2.96% and the BSE Small-Cap index rose 3%. Both these indices outperformed the Sensex.
Late surge propels Bulls; Sensex ends 173 points higher
The Indian markets gained momentum in the late trade on the back of heavy buying activity and closed at three-month high. The Sensex up 173 points and the Nifty up 56 points.
Headlines for the day
India's services sector grows at fastest pace in 6 months
PM expects 7 to 7.5% GDP growth in FY12
Tantia Constructions spurts on rights issue plan
Dr Reddys Q3 consolidated net profit jumps by 88%
BSE Bulk Deals to Watch - Feb 3 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
3/2/2012 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 18233 814.27
3/2/2012 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 18227 814.80
3/2/2012 530245 Aryaman Fin SADHANA SACHIN DESHMUKH B 100765 20.76
3/2/2012 530245 Aryaman Fin D MEHTA MITESH S 100000 20.75
3/2/2012 512149 Avance Tech VORA FINANCIAL SERVICES PRIVATE LIMITED B 6096489 0.16
NSE Bulk Deals to Watch - Feb 3 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
03-FEB-2012,ABGSHIP,ABG Shipyard Limited,CSA HOLDINGS PVT LTD,BUY,322000,425.72,-
03-FEB-2012,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,18227,814.74,-
03-FEB-2012,ARSSINFRA,ARSS Infra Proj. Ltd,SSPL COMMODITIES PVT. LTD,BUY,340000,131.00,-
03-FEB-2012,DECCANCE,Deccan Cements Ltd,HARESH T KESWANI,BUY,42000,145.00,-
03-FEB-2012,DECCANCE,Deccan Cements Ltd,K2 FAMILY PRIVATE TRUST,BUY,155708,145.00,-
03-FEB-2012,ECEIND,ECE Industries Limited,PRAKASH KUMAR MOHTA,BUY,152400,103.05,-
03-FEB-2012,ECEIND,ECE Industries Limited,PRAKASH KUMAR MOHTA,BUY,173298,103.10,-
03-FEB-2012,LOVABLE,Lovable Lingerie Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,85503,421.17,-
03-FEB-2012,RIIL,Reliance Indl Infra Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,86866,508.01,-
03-FEB-2012,SINTEX,Sintex Industries Ltd.,MORGAN STANLEY ASIA (SINGAPORE) PTE,BUY,1456490,92.49,-
03-FEB-2012,VIKASGLOB,Vikas GlobalOne Ltd,SAGAR RATNA HOTELS PRIVATE LIMITED,BUY,95425,143.07,-
03-FEB-2012,ABGSHIP,ABG Shipyard Limited,CSA HOLDINGS PVT LTD,SELL,340000,420.55,-
03-FEB-2012,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,18233,814.97,-
03-FEB-2012,ARSSINFRA,ARSS Infra Proj. Ltd,SARAVANA SECURITIES D.SATHYAMOORTHI,SELL,340000,131.00,-
03-FEB-2012,DECCANCE,Deccan Cements Ltd,VIDEOCON INDUSRTIES LTD.,SELL,213708,145.00,-
03-FEB-2012,ECEIND,ECE Industries Limited,BIRLA EDUCATION TRUST,SELL,333298,103.12,-
03-FEB-2012,ICSA,ICSA (India) Limited,IFCI LTD.,SELL,321749,27.23,-
03-FEB-2012,LOVABLE,Lovable Lingerie Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,85053,418.91,-
03-FEB-2012,RIIL,Reliance Indl Infra Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,86866,506.20,-
03-FEB-2012,VIPIND,VIP Industries Ltd.,ACADIAN ASSET MANAGEMENT INC A/C CITY OF NEW YORK GROUP TRU,SELL,753415,110.68,-
Sensex jumps 4.4% in 4 days on strong January services, manufacturing data
Key benchmark indices advanced for the fourth consecutive trading session to attain their highest closing level in 13-1/2 weeks as data showing stepping up of buying of Indian stocks by foreign institutional investors (FIIs) recently boosted sentiment. A private survey showing that the services sector grew at its fastest pace in six months in January 2012, aided the rally as the market extended this year's strong gains. The services sector data comes after a survey recently showed strong growth in manufacturing sector in January 2012. The barometer index, BSE Sensex, jumped 173.11 points or 0.99%, up close to 225 points from the day's low and off about 25 points from the day's high.
The Sensex has jumped 741.66 points or 4.39% in four trading sessions from a recent low of 16,863.30 on 30 January 2012. The Sensex has surged 2,150.04 points or 13.91% in calendar 2012 so far. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,469.10 points or 16.31%. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2,206.18 points or 11.13%.
Crude prices slip for fifth straight day
Prices continue to bear the brunt of rising stockpiles
Crude prices ended lower for fifth straight day on Thursday, 02 February 2012 at Nymex. Prices ended lower following yesterday's weekly inventory report from the energy department which showed stronger than expected buildup in crude inventories for last week. Prices also fell due to slight increase in dollar index.
Light and sweet crude for March delivery fell $1.84 (1.9%) to $95.75 a barrel on the New York Mercantile Exchange on Thursday. Prices fell 0.4% for the month of January. Prices rose 1.3% last week.
Market may open flat to slightly higher
Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 6 points at the opening bell. Dr. Reddy's Laboratories, Power Finance Corporation and Hindustan Copper report Q3 results today, 3 February 2012.
Idea Cellular said after market hours on Friday, 2 February 2012, that the government's latest decision to quash all the 122 telecom licenses granted in 2008 also includes Idea's 9 licences and 4 licences of erstwhile Spice Communications which was merged with Idea Cellular.
Idea clarified that it has unnecessarily been caught in this situation of cancelled licenses, just because the licences were granted in January 2008, which was late as 18 months from the date of application. Idea said it had applied for 9 new telecom licences in 2006, long before the government took a decision to award licences in 2008.
Better Trades for the day - Feb 3 2012
Global Cues:
The European shares surged on Thursday (February 02, 2012). FTSE 100 rose by 0.09%, CAC40 surged by 0.27% and DAX up by 0.59%.
The US stocks were mixed on Thursday. Dow Jones down by 0.09% and Nasdaq up by 0.40%.
The Asian stock markets were mixed on Friday (February 03, 2012). However, SGX NIFTY up by 0.14%.
Daily News Roundup - Feb 3 2012
Reliance Industries has secured a US$400mn equivalent loan from Italian export-credit agency SACE SpA, for expansion of its petrochemical capacity. (BS)
Wipro expects to build 100MW of solar projects next year. (BL)
NTPC is in talks with GAIL (India) for signing a long-term pact for sourcing imported gas for its plants. (BL)
Bajaj Auto will launch bigger and more powerful Pulsar and KTM motorcycle models in the 200cc to 700 cc range over the next few years. (ET)
Allahabad Bank slashed processing fee by 50% for both housing and car loans to attract new customers. (BS)
Sensex survives 2G scare...Nifty ends above 5250
It was another good session for the Indian market, notwithstanding an intraday interruption sparked by a disruptive Supreme Court verdict on the 2G scam. With this, the main indices have now gained for three successive sessions, more than reversing Monday's big crash. The apex court's ruling on the 2G case didn't have a material impact on the overall sentiment, although shares of few companies hit by that order did feel the heat.
The BSE Sensex ended at 17,432, up 131 points from the last close. It earlier touched a day's high of 17,504 and hit day's low of 17,308. The Nifty settled at 5,270, up 34 points. It hit a day’s high of 5,290 and day’s low of 5,226.
Despite the volatility the market breadth was in favor of the bulls. On the BSE, 1573 stocks advanced as against only 1295 declining stocks and 126 stocks remained unchanged.
Spectrum issue Supreme!
"A person’s main job is to become supremely aware of and intimately involved in the great issues of his time." - Anonymous.
The great issues of our time are usually the scams, and the 2G scam has unfortunately reared its ugly head yet again. The Government’s already scarred image has taken another knock in the form of an adverse Supreme Court verdict which could make matters difficult for the Congress in the crucial UP elections.
Markets could be edgy today as investors await a lower court’s order on the alleged role of P. Chidambaram in the 2G mess. The court is set to deliver its verdict on Saturday. The start is likely to be cautious and lackluster. It would be prudent to stay on the sidelines and take fresh guard next week.
Markets may see subdued opening
The start is likely to be subdued on account of mixed global cues. The trading may remain rangebound ahead of key US jobs data.
Headlines for the day
Air India to clear dues to oil cos on Friday
RIL representatives to face PAC today on gas block issue
Aanjaneya Lifecare buys Apex Drugs for Rs250 cr
Govt to infuse Rs18K cr in 12 PSU banks this fiscal
SBI says it has Rs4,500 cr exposure in telcos
RBI asks banks to evaluate risk of unhedged forex
Gold and silver continue to glitter
Yellow metal ends at two-month highs
Precious metal prices ended higher on Thursday, 02 February 2012 at Comex. Both gold and silver prices rose as the dollar index stayed weak earlier during the day but ultimately ended mildly higher. Gold prices ended the U.S. day session higher and near the daily high. Prices hit a fresh two-month high today.
Gold for April delivery ended higher by $9.8 or 0.6%, to end at $1,759.3 an ounce on the Comex division of the New York Mercantile Exchange on Thursday. It traded as low as $1,743.30 and as high as $1,763.80 an ounce. It started floor trading veering between small gains and losses, but found firmer footing as the day progressed.
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