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Monday, February 06, 2012
BSE Bulk Deals to Watch - Feb 6 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
6/2/2012 512149 Avance Tech VORA FINANCIAL SERVICES PRIVATE LIMITED B 3991584 0.16
6/2/2012 512149 Avance Tech SHRIRAM CREDIT COMPANY LIMITED S 7323903 0.16
6/2/2012 531591 Bampsl Sec SATENDER KUMAR GOEL B 1900000 1.23
6/2/2012 533469 Birla Pacific Medspa SHREE SALASAR PROPERTIES AND FINANCE PRIVATE LIMITED S 1000000 7.45
NSE Bulk Deals to Watch - Feb 6 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
06-FEB-2012,ACROPETAL,Acropetal Tech Ltd,INDRAVARUN TRADE IMPEX PVT LTD,BUY,196901,13.35,-
06-FEB-2012,ARSSINFRA,ARSS Infra Proj. Ltd,AJAY ASSET MANAGEMENT PRIVATE LIMITED,BUY,75250,138.99,-
06-FEB-2012,DLINKINDIA,D-Link India Ltd,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,BUY,200000,21.79,-
Sensex cracks a ton...Nifty above 5350
The Indian market ended on a positive note, with the two main indices rising for a fifth consecutive session, as investors cheered a favourable ruling for the ruling UPA alliance and encouraging jobs reports for the US economy. However, the Standard & Poor's (S&P) warning on India's credit ratings and lack of progress in settling the long-running debt restructuring deal dampened the sentiment a wee bit. The NSE Nifty managed to close above the 5350 mark despite some intraday cooling while the BSE Sensex settled above 17,700.
The BSE Sensex ended at 17,595, up 102 points from the last close. It earlier touched a day's high of 17,829 and hit day's low of 17,595.
Sensex up for 5th day, ends 102 points higher
It was fifth straight day gain for markets, with the Sensex rising by 102 points and the Nifty up 36 points.
Headlines for the day
Govt hikes subsidy burden of upstream oil companies
Tata Power falls on concerns over Mundra plant
SKS Micro hits upper circuit on completion of assignment
HUL Q3 net profit up 18%
NALCO Q3 net profit declines by 80%
Nifty February 2012 futures near spot price
Turnover surges
Nifty February 2012 futures were at 5360.80, at a slight discount compared to spot closing of 5361.65. Turnover on NSE's futures & options (F&O) segment surged to Rs 118714.79 crore from Rs 95491.94 crore on Friday, 3 February 2012.
State Bank of India (SBI) February 2012 futures were at 2141, at a discount compared to spot closing of 2165.20.
Nifty scales over six-month closing high; cement shares rally
Key benchmark indices gained for the fifth straight trading session as the Congress led coalition government at the centre got a relief after a special court investigating the telecom licenses scam on Saturday, 4 February 2012, dismissed a petition to investigate Home Minister P Chidambaram's alleged role in a 2008 telecom scandal. The barometer index, BSE Sensex, jumped 102.35 points or 0.58%, off about 125 points from the day's high and up close to 110 points from the day's low. The market breadth was strong. The Sensex attained its highest closing level in almost 14-1/2 weeks and the 50-unit S&P CNX Nifty attained its highest closing level in more than six months.
The Sensex has jumped 844.01 points or 5% in five trading sessions from a recent low of 16,863.30 on 30 January 2012. The Sensex has surged 2,252.39 points or 14.57% in calendar 2012 so far. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,571.45 points or 16.98%. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2,103.83 points or 10.61%.
Base metals end strongly higher
Gains get capped by a strong dollar
Copper prices ended higher on Friday, 03 February 2012 at Comex. Copper prices rose to a one-week high on Friday after strong labour market and services sector data from the US reinforced confidence about the pace of recovery in the economy. Gains were capped by a strong dollar.
Copper for March delivery ended higher by 12 cents (3.2%) at $3.9 a pound at Comex on Friday. Prices closed 0.5% higher for the week.
Red metal prices for three-month-delivery at LME rose $225 (2.7%) to $8,570 a metric ton on Friday. Prices rose 10% for the month of January.
Crude gains for first time in six sessions
Prices rise on demand prospects following a positive job report
Crude prices ended higher for first time in six sessions on Friday, 03 February 2012 at Nymex. Prices ended higher on higher demand prospects following better than expected economic data at Wall Street. Higher dollar limited gains for crude.
Light and sweet crude for March delivery rose $1.48 (1.5%) to $97.84 a barrel on the New York Mercantile Exchange on Friday. Prices rose to a high of $98.03 during intra day trading. Prices fell 1.7% for the week. Prices fell 0.4% for the month of January.
Gold and silver turn pale following job report
Gold ekes out small weekly gains
Precious metal prices ended lower on Friday, 03 February 2012 at Comex. Both gold and silver prices fell following better than expected economic data at Wall Street on Friday. The same coupled with strong dollar dulled the appeal of precious metals as an alternate investment as equities rallied on Friday. Nevertheless, gold prices registered weekly gains though silver ended little lower.
Gold for April delivery ended lower by $19 or 1.1%, to end at $1,740.3 an ounce on the Comex division of the New York Mercantile Exchange on Friday. It traded as low as $1,735.5 during intra day trading. For the week, gold gained 0.5%.
Grey Market Premiums - NHAI, PFC, Hudco, IRFC
Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 1 Lac Application) | Kostak (Rs. 5 Lac Application) |
NHAI | 1000 | 23 to 24 (Buyer) | -- | -- |
PFC (Bond) | 1000 | 18 to 19 (Buyer) | -- | -- |
Hudco | 1000 | 5 to 6 (Seller) | -- | -- |
IRFC | 1000 | 11 to 12 (Buyer) | 2300 to 2400 | 11500 to 12000 |
Markets may extend rally on good global cues
The improving US jobs data has lifted global sentiment. The start is likely to be on a strong note, extending previous sessions’ rally.
Headlines for the day
Govt to loan Rs3,000 cr to financially strained railways
Piramal Healthcare buys 5.5% more stake in Vodafone India
Kingfisher puts plans to join oneworld alliance on hold
NMDC looks to acquire mineral assets overseas
Banks ask borrowers to cover their personal loans, overdraft facilities
Events for the day
Results: GSK Consumer Healthcare, HUL, NALCO
Daily News Roundup - Feb 6 2012
NMDC is set to begin due diligence process to acquire four more overseas mines, one each in Russia, Brazil, Mozambique and Australia. (ET)
Biocon said it expects lower upfront payment from its overseas partner when it outlicenses its oral insulin medicine, with large part of the payment being milestone-linked. (ET)
GVK Power plans to acquire two under-construction thermal power plants in Andhra Pradesh as the private developers executing these projects are facing a resource crunch and have offered to quit. (ET)
Sensex, Nifty rise for 5th straight week
The winning streak continued for the fifth week in a row with the NSE Nifty and BSE Sense closing above the 5300 and the 17600 mark. The Nifty convincingly crossed its 200-DMA and has also closed above it for the past four sessions. The Sensex too has pierced the crucial technical barrier.
The BSE Realty, IT, Banking and the Auto index were among the major gainers. The current rally is stimulated on the back of a huge amount of foreign fund flow. The FIIs have pumped in over ~100bn in a month. However, things could get little trickier going forward as strong money flow is driving the current ascent. The US jobs data, outcome of Greece’s debt swap talks and the lower court’s verdict on P. Chidambaram’s alleged complicity in the 2G scam are among the events to keep on one’s radar in the immediate future.
Harmony in the market
Happiness is when what you think, what you say, and what you do are in harmony. - Gandhi.
Happiness seems to be overflowing; this time even for the government. A lower court delivered a favourable verdict on the alleged complicity of P. Chidambaram in the 2G scam. Markets are likely to display similar relief today. The opening will be positive. Suddenly the prospects for equities seem to have brightened. FII inflows continue to be strong. The rupee too is gaining ground.
Hopes are also building on material improvement in governance and policy making. The Uttar Pradesh elections and the Union Budget will be two big events on the domestic calendar in the near term. Corporate earnings will continue to roll in for few more days.
Market may extend recent strong gains on firm Asian stocks
The market may extend recent strong gains on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 50 points at the opening bell. Hindustan Unilever, National Aluminium Company and India Cements announce Q3 results today, 6 February 2012.
Power Finance Corporation announced after market hours on Friday, 3 February 2012 that net profit rose 68.2% to Rs 1107.91 crore on 27.2% rise in operating income to Rs 3283.64 crore in Q3 December 2011 over Q3 December 2010.
Hindustan Copper announced after market hours on Friday, 3 February 2012 that net profit fell 2% to Rs 79.14 crore on 12.2% rise in sales to Rs 344.58 crore in Q3 December 2011 over Q3 December 2010.
Weekly Newsletter - Feb 6 2012
Five winning weeks in a row have clearly stunned most market players after last year’s disappointment. The Nifty has convincingly crossed its 200-DMA and has also closed above it for the past four sessions. The Sensex too has pierced the crucial technical barrier. The manner in which the market has rallied has raised expectations of more gains. However, one must not loose sight of the risks confronting the market – both domestic as well as external.
Things could get little trickier going forward as strong money flow is driving the current ascent. The US jobs data, outcome of Greece’s debt swap talks and the lower court’s verdict on P. Chidambaram’s alleged complicity in the 2G scam are among the events to keep on one’s radar in the immediate future.
One also has to see if the ongoing FII inflows persist or taper off. Although FY12 earnings have been discounted, any nasty surprise from results may also dampen the mood. One should tread carefully at this juncture, as the market could get pegged back again on any fresh bad news.
Rupee at 3-month high...Up for 5th week in a row
The rupee touched a three-month high versus the US dollar, with the sentiment getting a boost from robust FII inflows and continued rally in domestic stocks. A series of positive economic data in recent times have brought global investors back into riskier assets like emerging market equities and currencies. The rupee closed at 48.6950 to the dollar after being as high as 48.67 and as low as 49.1950. It opened at 49.1250 versus the previous close of 49.16. It has gained more than 8% in 2012. On a weekly basis, the rupee hit a high of 48.67 and a low of 49.81. It had closed at 49.31 on January 27. The Indian currency gained for a fifth consecutive week, the longest winning streak since Oct. 2010 on the back of strong FII inflows and better-than-expected manufacturing PMI data for January. The rupee advanced past 49 per dollar yesterday for the first time since November, as exchange data showed that FIIs poured in US$536mn into Indian shares in the first three days of this week. On Feb. 1, HSBC Holdings Plc and Markit Economics reported that India’s Purchasing Managers’ Index (PMI) rose to 57.5 in January from 54.2 in December. The HSBC Business Activity Index for the service sector, compiled by Markit, rose to 58.0 in January from 54.2 in December. January was the third month the services index has been above the 50-mark that separates growth from contraction. The euro headed for a weekly decline as Greece and its creditors struggle to reach an agreement on a debt swap. The yen traded near a postwar high versus the dollar, raising speculation that the country will intervene to weaken the Japanese currency. The euro slid against the yen. New Zealand’s dollar fell from a five-month high. Asian currencies were headed for a fifth weekly advance, led by Taiwan’s dollar, as foreign investors pumped fresh money into the region amid optimism that the global economy is holding up well. The Bloomberg-JPMorgan Asia Dollar Index was set for its longest weekly gains since Oct. 2010 after reports showed manufacturing in the US, China and Germany picked up in January. Most Asian currencies fell today as regional stocks snapped a three-day advance.
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