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Thursday, February 23, 2012
BSE Bulk Deals to Watch - Feb 23 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
23/2/2012 511706 Action Fin SEKSARIA INDUSTRIES PVT. LTD B 75000 36.54
23/2/2012 530707 Aftek VORA FINANCIAL SERVICES PRIVATE LIMITED B 776181 13.26
23/2/2012 530707 Aftek VORA FINANCIAL SERVICES PRIVATE LIMITED S 548330 12.97
23/2/2012 515055 Anant Raj Inds-$ RELIANCE CAPITAL LTD B 2500000 70.00
23/2/2012 515055 Anant Raj Inds-$ SONATA INVESTMENTS LTD S 2500000 70.00
23/2/2012 533758 APL Apollo Tubes KOTAK MAHINDRA (INTERNATIONAL) LIMITED B 600000 160.00
23/2/2012 533758 APL Apollo Tubes RAJESH GUPTA S 119347 160.01
23/2/2012 533758 APL Apollo Tubes SECUROCROP SECURITIES INDIA PRIVATE LIMTED S 140000 160.01
NSE Bulk Deals to Watch - Feb 23 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
23-FEB-2012,3IINFOTECH,3i Infotech Limited,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,BUY,1000000,18.91,-
23-FEB-2012,ALOKTEXT,Alok Industries Limited,NOMURA MAURITIUS LIMITED,BUY,5500000,22.38,-
23-FEB-2012,ALOKTEXT,Alok Industries Limited,TRANSGLOBAL SECURITIES LTD.,BUY,4798996,22.31,-
23-FEB-2012,DHANBANK,Dhanlaxmi Bank Limited,GIRDHARILAL V. LAKHI,BUY,541963,63.66,-
23-FEB-2012,FEDDERLOYD,Fedders Lloyds Corporatio,GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD,BUY,828554,58.20,-
MCX IPO fully subscribed
Gets bids for 1.7 crore shares
The initial public offer (IPO) of Multi Commodity Exchange of India (MCX), India's biggest commodity exchange by turnover, was subscribed 3.1 times by 16:00 IST on day two of bidding for the IPO today, 23 February 2012. The IPO got bids for 1.7 crore shares. The issue closes tomorrow, 24 February 2012.
MCX on Tuesday, 21 February 2012, raised Rs 95.62 crore through issue of 9.26 lakh shares to 12 anchor investors at Rs 1,032 per share, the top end of Rs 860-1,032 per share price band for the initial public offer (IPO). The anchor investors are Wellington Management Company, Blackrock Global Funds Asian Dragon Fund, Deutsche Securities Mauritius, Tata AIG Life Insurance, Canara HSBC Oriental Bank of Commerce Life Insurance Company, ICICI Prudential Mutual Fund, Acacia Conservation Fund LP, Birla Sun Life Trustee Company, Kuwait Investment Authority Fund, Sundaram Mutual Fund, GMO Emerging Domestic Opportunities Fund and Credit Suisse (Singapore).
Sensex, Nifty at over one-week closing lows
Key benchmark indices fell for the second straight day to reach their lowest closing level in more than a week as profit booking emerged after recent strong rally in share prices. Volatility was high as traders rolled over positions in futures & options (F&O) segment from the near-month February 2012 series to March 2012 series. The February 2012 F&O contracts expired today, 23 February 2012. The barometer index, BSE Sensex, lost 66.75 points or 0.37%, off about 170 points from the day's high and up close to 35 points from the day's low. The market breadth was weak.
The Sensex has jumped 884.95 points or 5.14% in February 2012 so far. The barometer index has surged 2,623.58 points or 16.97% in calendar 2012 so far. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2942.64 points or 19.44%. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 1,732.64 points or 8.74%.
MCX IPO Premiums - Grey Market
Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 1 Lac Application) | Kostak (Rs. 2 Lac Application) |
Hudco | 1000 | 2.50 to 3 (Seller) | -- | -- |
IRFC | 1000 | 8 to 9 | -- | -- |
MCX (IPO) | -- | 320 to 325 | -- | 3200 to 3300 |
Applying for MCX IPO? Results
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Daily News Roundup - Feb 23 2012
US drug regulator said it will import the generic version of the cancer drug Lipodox from Sun Pharma to meet a supply shortage.(ET)
Kingfisher Airlines may lose some of its prime slots in the country’s major airports to rivals as a severe financial crunch forces it to cut flights further weakening its competitive position.(ET)
Reliance Industries (RIL) has challenged market regulator the Securities and Exchange Board of India’s (Sebi) probe into its alleged violation of takeover norms over a promoter stake purchase in 2000.(ET)
Life Insurance Corporation will buy fresh shares in Allahabad Bank and Punjab National Bank that will compensate for the Union government’s inability to invest funds in the lenders, taking the total commitment to Rs.65bn.(ET)
Sensex sinks on profit taking…Broader market dives
In a rare development, the Indian market saw a major fall on Wednesday, with the NSE Nifty sliding by over 100 points and the BSE Sensex losing nearly 300 points. This was the second worst day for the Indian indices this year after Jan.30. Negative closing has been few and far between this year as robust FII inflows have lifted Indian shares on most days. However, today was clearly a day of correction going by the sheer intensity of the selling. What’s worse, the selling came on strong trading volume ahead of Thursday’s F&O expiry.
After opening near day’s high, the main Indian markets turned lackluster before a sudden wave of selling hit the indices in the afternoon. The ferocity of the selling spooked the traders, who preferred to take some profits after a seven –week winning streak. Today’s fall was led by the Realty index, which lost a whopping 6.7%. It was followed by the Consumer Durables index, it was down 5%, while the BSE Metals and the BSE Banking index lost 4.2% and 3.2% respectively.
Finally some rest!
Rest is the sweet sauce of labor. - Plutarch.
Finally, we witnessed what many would call a meaningful correction. The indices deserved some rest after all. Red flags have been raised over the seemingly unstoppable rally. Wednesday’s drop was only the second such fall this year. That goes to show the groove that the market is in, thanks largely to the liquidity deluge unleashed by global central banks. Wednesday’s provisional FII figure should provide some succor on the F&O expiry day.
The start is likely to be rather subdued. Barring China, most Asian markets are down. US indices paused after a three-session winning streak. European markets finished lower amid doubts over the second bailout for Greece.
Intraday Calls - Feb 23 2012
Pradeep Pandya says, SELL Reliance Capital @ Rs443.4 with a target of Rs424 and stop loss of Rs452, on CNBC Awaaz.
Neeraj Bajpai says, BUY Everonn Education @ Rs293.65 with a target of Rs303 and stop loss of Rs291, on CNBC Awaaz.
Pradeep Pandya says, SELL Reliance Infrastructure @ Rs614.2 with a target of Rs590 and stop loss of Rs628, on CNBC Awaaz.
Neeraj Bajpai says, BUY National Fertilizers @ Rs83.4 with a target of Rs88 and stop loss of Rs82, on CNBC Awaaz.
Pradeep Pandya says, SELL Lanco Infratech @ Rs19.5 with a target of Rs18 and stop loss of Rs20, on CNBC Awaaz.
Sensex falls 283 points on profit booking
The Indian markets broke two-day rise and closed on a weak note. The Sensex fell 283 points and the Nifty down 102 points
Headlines for the day
India’s GDP to grow at 7.1% in FY12: Rangarajan
ONGC gains as EGoM likely to consider disinvestments
Sun Pharma rises as US to import Lipodox from India
MCX raises $19.4 mn in pre-IPO share sale
MCX IPO subscribed 91% on day one
Gets bids for 49.87 lakh shares
The initial public offer (IPO) of Multi Commodity Exchange (MCX), India's biggest commodity exchange by turnover, was subscribed 0.91 times on day one of bidding for the IPO today, 22 February 2012. The IPO got bids for 49.87 lakh shares. The issue closes on Friday, 24 February 2012.
MCX on Tuesday, 21 February 2012, raised Rs 95.62 crore through issue of 9.26 lakh shares to 12 anchor investors at Rs 1,032 per share, the top end of Rs 860-1,032 per share price band for the initial public offer (IPO). The anchor investors are Wellington Management Company, Blackrock Global Funds Asian Dragon Fund, Deutsche Securities Mauritius, Tata AIG Life Insurance, Canara HSBC Oriental Bank of Commerce Life Insurance Company, ICICI Prudential Mutual Fund, Acacia Conservation Fund LP, Birla Sun Life Trustee Company, Kuwait Investment Authority Fund, Sundaram Mutual Fund, GMO Emerging Domestic Opportunities Fund and Credit Suisse (Singapore).
BSE Small-Cap, Mid-Cap indices shed over 3% each
Key benchmark indices edged lower to reach their lowest closing level in more than a week as weakness in European stocks triggered profit booking on the domestic bourses after recent strong rally in share prices. The barometer index, BSE Sensex, and the 50-unit S&P CNX Nifty retracted after hitting 30-week highs at the onset of the trading session. The Sensex lost 283.36 points or 1.54%, off close to 380 points from the day's high and up about 50 points from the day's low. The market breadth was weak. Except BSE IT index, all the other 12 sectoral indices on BSE were in the red. BSE Small-Cap and Mid-Cap indices slumped more than 3% each.
Index heavyweight Reliance Industries (RIL) declined more than 1%. State Bank of India (SBI) tumbled nearly 8% on reports that the bank has committed around Rs 1200 crore to beleaguered Kingfisher Airlines. Shares of many other state-run banks slumped. Metal and realty stocks dropped.
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