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Wednesday, February 29, 2012
Sensex, Nifty ends flat…GDP disappoints
The Sensex ended at 17,752, up 22 points or 0.12% from the last close. It earlier touched a day's high of 18,001 and day's low of 17,919. The Nifty settled at 5,385, up 10 points or 0.2%.
The market took a breather on Wednesday after surging past the 5450 mark initially. Some profit booking in the Capital Goods, FMCG and Banking space halted the upmove.
Sentiment was hit after the Government data showed lowest GDP growth in ten quarters during the third quarter. Though the lower-than-anticipated GDP data raises expectations of a rate cut by the RBI, the same may not materialise as inflation too remains elevated. In addition, there are reports of an impending fuel price hike next month, which could worsen the situation on inflation. A stubbornly high inflation may prompt the RBI to postpone its planned unwinding of tight monetary policy.
BSE Bulk Deals - Feb 29 2012
This data was last updated on Wednesday, February 29, 2012 5:19:50 PM
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
29/2/2012 511706 Action Fin SEKSARIA INDUSTRIES PVT. LTD B 115812 36.87
29/2/2012 511706 Action Fin ROHIT M NISAR S 60000 37.00
29/2/2012 506235 Alembic PAT FINANCIAL CONSULTANT PVT LTD B 1080546 16.60
29/2/2012 526397 Alphageo India-$ SAKHI BARTER PVT LTD S 28712 63.25
29/2/2012 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 25014 811.46
NSE Bulk Deals - Feb 29 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
29-FEB-2012,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,24976,813.08,-
29-FEB-2012,BEDMUTHA,Bedmutha Indust Ltd,NITIN BABAJI PALANDE,BUY,303165,23.42,-
29-FEB-2012,GOENKA,Goenka Diamond&Jewels Ltd,DHANLAXMI COTEX LTD.,BUY,209241,55.00,-
29-FEB-2012,IVRCLINFRA,IVRCL Limited,ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED,BUY,1778272,54.93,-
29-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,66588,122.10,-
29-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,INDUS PORTFOLIO (P) LTD,BUY,75439,123.25,-
29-FEB-2012,KERNEX,Kernex Microsystems (Indi,DESAI ARUNA,BUY,77316,96.68,-
Market ends flat as GDP weighs
The Indian markets closed a volatile session on a flat note with a positive bias. The Sensex up 22 points and the Nifty up 10 points.
Headlines for the day
India’s GDP at 6.1% in Q3 vs 6.9% in Q2
ONGC soars as govt approves stake sale
Rico Auto hits upper circuit on stake-sale in JV
Orbit Corp surges on plans to buy Mazda Construction
PSU shares surge as govt clears ONGC stake sale
ONGC gains ahead of auction of 5% Govt stake
Key benchmark indices eked out small gains on firm global stocks, with strong intraday gains erased by data showing slowdown in GDP growth in Q3 December 2011. The barometer index, BSE Sensex, advanced 21.56 points or 0.12%, off close to 250 points from the day's high and up about 75 points from the day's low. The market edged higher for the second day in a row. The market breadth was positive. BSE Small-Cap and Mid-Cap indices outperformed the Sensex.
The Sensex jumped 559.13 points or 3.25% in February 2012. The barometer index has surged 2297.76 points or 14.86% in calendar 2012 so far. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,616.82 points or 17.28%. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2,058.46 points or 10.39%.
MCX IPO Premiums jump again
Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 2 Lac Application) |
Hudco | 1000 | 2 to 2.50 | -- |
IRFC | 1000 | 8 to 9 | -- |
MCX (IPO) | 1032 (Higher Price Band) | 360 to 365 | Kostak Price on Last Day (24-2-2012) Rs. 3000 to 3100 |
Big gains for precious metals
Gold ends at three and half months high while silver ends at five and half months high
Bullion metal prices ended substantially higher on Tuesday, 28 February 2012 at Comex. Comex April gold futures prices ended the U.S. day session at three and half month highs while silver ended at six and half month highs as value-buying and a lower dollar lifted the metals.
Gold for April delivery ended higher by $13.5 or 0.8%, to end at $1,788.4 an ounce on the Comex division of the New York Mercantile Exchange on Tuesday. Year-to-date, gold has gained 14%, while prices have risen 2.8% on the month of February 2012. Gold ended the month of January higher by 11%. For the year 2011, gold rose 10%.
Market may gain on firm Asian stocks; Q3 GDP data eyed
The market may gain on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 35 points at the opening bell.
The government is slated to announce Q3 December 2011 gross domestic product (GDP) data at 11:00 IST today, 29 February 2012. The Indian economy is seen registering a still lower 6.4% growth in Q3 December 2011, as per the median estimate of a poll of economists carried out by Capital Market. GDP grew 6.9% in Q2 September 2011, which was the lowest growth rate in over two years.
State-run ONGC will launch on Thursday, 1 March 2012 a share sale through an auction that aims to raise at least $2.5 billion. The offering will close on the same day. The government will sell 5% of its holding, or about 42.8 crore shares, in the offering and the floor price for the issue has been set at Rs 290 a share
Positive global cues may push markets higher
It is expected to be a higher opening on the back of good global cues. India’s GDP data for December quarter will be in focus.
Headlines for the day
LIC sells 2% in Tata Global Beverages for Rs 161 cr
TCS bags deal from S Africa's Nedgroup Insurance
Govt approves 5% ONGC share sale through auction
Union Bank may cut home, education lending rates next month
Events for the day:
India’s GDP data for December quarter
Better Trades for the day - Feb 29 2012
Results: Bata India, Videocon Industries
Stock in news:
LIC sells 2% in Tata Global Beverages for Rs161 crore.
TCS bags deal from S Africa's Nedgroup Insurance.
Government approves 5% Oil & Natural Gas Corporation ( ONGC) share sale through auction.
Union Bank of India may cut home, education lending rates next month.
BSE Bulk Deals to Watch - Feb 28 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
28/2/2012 533296 Agre Developers VIKASH SOMANI SECURITIES PRIVATE LTD B 125000 34.75
28/2/2012 533296 Agre Developers LAMBODAR TRADERS B 275000 34.75
28/2/2012 533296 Agre Developers RATNABALI CAPITAL MARKETS LIMITED S 400000 34.75
28/2/2012 531678 Anand Credit SHAH DAKSHA PRAVINCHANDRA S 58783 2.50
28/2/2012 531560 Aroma Enterprises ADROIT TRADELINK PRIVATE LIMITED S 40000 8.44
28/2/2012 533108 BHILWRA TEC DIPLOMAT LEASING & FINANCE PVT LTD B 329504 5.86
28/2/2012 533108 BHILWRA TEC ARSHIA TRADE MART PRIVATE LIMITED S 317000 5.87
28/2/2012 511710 Cubical Fin OCEAN PEARL HOTELS PRIVATE LIMITED B 83698 46.35
NSE Bulk Deals to Watch - Feb 28 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,KSHITIJ-PORTFOLIO-PVT.-LTD.,BUY,87778,113.92,-
28-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,QUADEYE SECURITIES PRIVATE LIMITED,BUY,76925,116.27,-
28-FEB-2012,RUSHIL,Rushil Decor Limited,JHAVERI TRADING AND INVESTMENT PVT LTD,BUY,83900,189.67,-
28-FEB-2012,CREWBOS,Crew B.O.S. Products Limi,MEHROTRA LAXMI NATH,SELL,89278,34.14,-
28-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,KSHITIJ-PORTFOLIO-PVT.-LTD.,SELL,37778,115.47,-
28-FEB-2012,KALINDEE,Kalindee Rail Nirman (Eng,QUADEYE SECURITIES PRIVATE LIMITED,SELL,76925,116.41,-
28-FEB-2012,KSOILS,K S Oils Limited,CVCIGP II CLIENT ROSEHILL LIMITED - DR A/C,SELL,2768460,8.04,-
28-FEB-2012,PGEL,PG Electroplast Ltd,JHAVERI TRADING AND INVESTMENT PVT LTD,SELL,93500,199.83,-
28-FEB-2012,REFEX,Refex Refrigerants Ltd,WAZIR FINANCIAL SERVICES PVT.LTD.,SELL,116200,6.21,-
Market rebounds after recent correction
Key benchmark indices edged higher on bargain hunting after the market lost over 5% in the preceding four sessions. Firm global stocks boosted sentiment in today's trade. The barometer index, BSE Sensex, rose 285.37 points or 1.64%, off close to 46 points from the day's high and up close to 201 points from the day's low. Eleven out of 13 sectoral indices on BSE rose. The market breadth was strong. Small-Cap and Mid-Cap indices on BSE outperformed the Sensex.
Bargain hunting emerged after the Sensex lost 983 points or 5.33% in four trading sessions to 17,445.75 on 27 February 2012, from a 30-week high of 18,428.61 on 21 February 2012. The Sensex has jumped 537.57 points or 3.13% in February 2012 so far. The barometer index has surged 2276.20 points or 14.73% in calendar 2012 so far. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,595.26 points or 17.15%. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2,080.02 points or 10.50%.
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