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Thursday, April 12, 2012
Cabinet approves Public Procurement Bill 2012
The Union Cabinet approved the Public Procurement Bill, 2012 for introduction in the current session of the Parliament.
The Bill seeks to regulate procurement by Ministries/ Departments of the Central Government and its attached/subordinate offices, Central Public Sector Enterprises (CPSEs), autonomous and statutory bodies controlled by the Central Government and other procuring entities with the objectives of ensuring transparency, accountability and probity in the procurement process, fair and equitable treatment of bidders, promoting competition, enhancing efficiency and economy, safeguarding integrity in the procurement process and enhancing public confidence in public procurement.
Sensex spurts on rate cut hope...Metals, Banks rise
For the first time this week the main Indian stock indices showed some strength, with the NSE Nifty ending above the 5250 mark on optimism that the RBI will cut its key lending rate next week to revive growth. A weaker-than-forecast IIP print for February, coupled with a shocking downward revision in January's data sparked expectations of a rate cut by the RBI. A positive trend across global markets added fuel to the fire.
The main indices witnessed a higher opening on the back of overnight rally in the US and European markets. The Indian market remained firm throughout the session but the frontline indices were more or less rangebound. It was a buy on dip market today.
The BSE Sensex ended at 17,332, up 133 points or ~0.8% over the previous close. It had earlier touched a day’s low of 17,276 and a day’s high of 17,395. It opened at 17,276.
BSE Bulk Deals to Watch - Apr 12 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
12/4/2012 530027 Aadi Inds KFIC INVESTMENT MANAGEMENT PRIVATE LIMITED S 53500 5.00
12/4/2012 524448 Ahlcon Par SEWASTUTI FINANCE P.LTD B 46945 421.26
12/4/2012 524448 Ahlcon Par KAILASH RELAN S 51118 421.29
12/4/2012 531194 Brahmaputra Infra M L SINGHI AND ASSOCIATES PRIVATE LIMITED S 50000 48.16
12/4/2012 532871 CELESTIAL MONA HIREN SEJPAL B 145709 25.73
NSE Bulk Deals to Watch - Apr 12 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
12-APR-2012,ASSAMCO,Assam Company India Ltd,ANTIQUE HOLDING PVT LTD,BUY,11511952,7.50,-
12-APR-2012,CELESTIAL,Celestial Biolabs Limited,SEJPAL MONA HIREN,BUY,127822,25.83,-
12-APR-2012,CELESTIAL,Celestial Biolabs Limited,SUNIL AGRAWAL,BUY,1000,25.96,-
12-APR-2012,INVENTURE,Inventure Gro & Sec Ltd,ASHROJ CREDIT INDIA PRIVATE LIMITED,BUY,77155,316.07,-
12-APR-2012,IVRCLINFRA,IVRCL Limited,AMRAPALI INDUSTRIES LTD.,BUY,1880000,72.27,-
12-APR-2012,IVRCLINFRA,IVRCL Limited,RELIGARE FINVEST LTD,BUY,752999,72.48,-
12-APR-2012,KFA,Kingfisher Airlines Ltd.,ALIVE CONSULTANTS ALIVE,BUY,5488573,20.03,-
12-APR-2012,KFA,Kingfisher Airlines Ltd.,AMBIT SECURITIES BROKING PVT. LTD.,BUY,3191284,20.49,-
12-APR-2012,KFA,Kingfisher Airlines Ltd.,TRANSGLOBAL SECURITIES LTD.,BUY,9987723,20.06,-
12-APR-2012,MTEDUCARE,MT Educare Ltd,SHIVANAND SHANKAR MANKEKAR,BUY,293688,89.91,-
12-APR-2012,PFOCUS,Prime Focus Limited,TRISHYA R SCREWVALA,BUY,884606,48.15,-
12-APR-2012,PRIMESECU,Prime Securities Limited,YES CAPITAL VENTURE PRIVATE LIMITED,BUY,801828,14.12,-
12-APR-2012,VARUN,Varun Industries Limited,AJAY ASSET MANAGEMENT PRIVATE LIMITED,BUY,161520,63.77,-
12-APR-2012,VARUN,Varun Industries Limited,CHETAN RASIKLAL SHAH,BUY,152608,60.25,-
12-APR-2012,VARUN,Varun Industries Limited,GAJANAN ENTERPRISES,BUY,153876,62.24,-
12-APR-2012,ASSAMCO,Assam Company India Ltd,CRESTA FUND LTD,SELL,11511952,7.50,-
12-APR-2012,CELESTIAL,Celestial Biolabs Limited,SUNIL AGRAWAL,SELL,126000,25.82,-
12-APR-2012,DENSO,Denso India Ltd,PATEL PANKAJ,SELL,100000,53.50,-
12-APR-2012,INVENTURE,Inventure Gro & Sec Ltd,ASHROJ CREDIT INDIA PRIVATE LIMITED,SELL,111937,305.17,-
12-APR-2012,IVRCLINFRA,IVRCL Limited,RELIGARE FINVEST LTD,SELL,1748829,72.83,-
12-APR-2012,KFA,Kingfisher Airlines Ltd.,ALIVE CONSULTANTS ALIVE,SELL,5488573,20.04,-
12-APR-2012,KFA,Kingfisher Airlines Ltd.,AMBIT SECURITIES BROKING PVT. LTD.,SELL,3191284,20.50,-
12-APR-2012,KFA,Kingfisher Airlines Ltd.,TRANSGLOBAL SECURITIES LTD.,SELL,9936223,20.10,-
12-APR-2012,PRIMESECU,Prime Securities Limited,EVANS FRASER AND COMPANY(INDIA)LTD,SELL,801828,14.12,-
12-APR-2012,VARUN,Varun Industries Limited,AJAY ASSET MANAGEMENT PRIVATE LIMITED,SELL,103050,63.73,-
12-APR-2012,VARUN,Varun Industries Limited,CHETAN RASIKLAL SHAH,SELL,152685,60.96,-
12-APR-2012,VARUN,Varun Industries Limited,GAJANAN ENTERPRISES,SELL,186406,62.73,-
12-APR-2012,VARUN,Varun Industries Limited,IFCI VENTURE CAPITAL FUNDS LTD,SELL,500000,58.15,-
12-APR-2012,VARUN,Varun Industries Limited,KOTAK MAHINDRA INVESTMENTS LIMITED,SELL,220000,58.15,-
Markets end in green; Sensex gains 133 points
The Indian markets stayed higher all throughout the day, with the Sensex closing 133 points higher and the Nifty up by 50 points.
Major Headlines
Feb IIP at 4.1% vs 6.8% in Jan
Unitech to move a case for Telenor dispute
Max India-New York Life JV to sell 26% to Japanese firm
Sensex, Nifty scale over one-week closing highs
Amid a volatile trading session, key benchmark indices managed to edge higher on speculation that the Reserve Bank of India (RBI) will cut its key policy rate at its monetary policy review early next week to spur economic growth after the latest data showed that industrial production grew by lower-than-expected 4.1% in February 2012. The barometer index, BSE Sensex, and the 50-unit S&P CNX Nifty attained their highest closing level in more than one week. The Sensex jumped 133.22 points or 0.77%, off close to 63 points from the day's high and up about 56 points from the day's low. The market breadth was strong.
The Sensex has fallen 71.58 points or 0.41% so far in April 2012 (till 12 April 2012). The index has surged 1,877.70 points or 12.15% in calendar 2012 so far (till 12 April 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2196.76 points or 14.51%. From a 52-week high of 19,737.33 on 13 April 2011, the Sensex has lost 2404.71 points or 12.18%.
Grey Market Premiums - MT Educare, NBCC
Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 1 Lac Application) | Kostak (Rs. 2 Lac Application) | Kostak (Rs. 5 Lac Application) |
NBCC | 106 | 2.50 to 3 (Seller) | -- | -- | -- |
MT Educare Ltd | 80 | 3.50 to 4 |
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Flat start likely; IIP in focus
Today’s opening is likely to be on a flat to positive note led by positive global cues. Index of industrial production data for February will be out today.
Headlines for the day:
Zee TV becomes first Indian channel to foray into China.
M&M to consolidate R&D units, to roll out tractor soon.
ADB expects RBI to cut interest rates.
FM for foreign carriers investing in domestic airlines.
IOB eyes 16-18% credit growth in FY13.
Daily News Roundup - Apr 12 2012
Sebi agrees in the Supreme Court to amend its rules and dispose of MCX-SX’s application for recognition as a stock exchange within three months. (BS)
Aditya Birla Capital Advisors, the PE arm of the Aditya Birla Financial Services Group, plans to invest Rs1bn in Trimax IT & Infrastructure. (BS)
Ashok Leylandis to enter Britain’s mid-range truck market through a tie-up by its Prague-based subsidiary, Avia Ashok Leyland. (BS)
Piramal Healthcare announced it has received European regulatory nod to sell BST-CarGel, a bio-orthopaedic product. (BS)
Shaken but not stirred!
The market is like an earthquake- unpredictable, a little scary, but when the hard part is over you realize how lucky you truly are.
Thankfully, the threat of a devastating tsunami receded and the Indian market could well look at a day of recovery. A pull-back in global markets may lend support early on but the overall trend for the day will be set by the IIP data. Industrial production is expected to moderate in February from January’s 6.8% expansion. Infrastructure sector output, which accounts for ~38% of IIP, grew by 6.8% in February vs. January's 0.7% growth.
Friday will be another big day with Government scheduled to release inflation data and IT major Infosys declaring its Q4 earnings. WPI-based inflation is likely to have edged lower in March from February’s 6.95% print. Infosys has had tough time in recent quarters meeting market expectations. Its guidance for FY13 will be keenly watched.
Precious metals end marginally lower
Prices move between small gains and losses throughout the session
Bullion metal prices ended little lower on Wednesday, 11 April 2012 at Comex. Trading was tentative Wednesday morning as the market place digested news out of the Indian Ocean region, where a major earthquake occurred near Indonesia overnight. The key outside markets were bullish for the precious metals Wednesday as crude oil prices were higher and the U.S. dollar index was lower.
TCI Govt fight over Coal India
Even as Coal India Ltd (CIL) is finalising the penalty clause on the fuel supply agreements (FSAs) it has to sign next week with power producers, The Children’s Investment Fund (TCI) has again exhorted the government to raise coal prices to market levels.
TCI’s argument: the increase in profits can be ploughed back as dividends and used to subsidise coal consumers who can’t afford higher power tariffs caused by the hike in coal prices.
In the past, TCI has alleged that coal prices are being kept 70 percent lower than international benchmarks in India, severely hurting CIL’s profitability. But the government has brushed aside TCI’s concerns, saying lower coal prices mean cheaper power to consumers.
More via Firstpost
Sensex drifts lower…Nifty holds 5200
The Indian markets ended marginally lower with the key stock indices receding in late afternoon trade on news of a powerful earthquake off the Indonesian coast. The opening was negative for the Indian market due to weak global cues. The main indices remained in the negative zone before climbing into the positive terrain in mid afternoon.
However, the indices witnessed fresh selling after a major quake struck Indonesia's Aceh province, causing several nations in the region to issue tsunami warnings. The US Geological Survey put the intensity of the Aceh earthquake at 8.7 as against initial estimate of 8.9.
The BSE Sensex ended at 17,199, down 44 points or ~0.3% over the previous close. It had earlier touched a day’s low of 17,319 and a day’s high of 17,075. It opened at 17,125.
The NSE Nifty settled at 5,227, down 17 points or 0.3% over the previous close. It touched a day’s low of 5,190 and day’s high of 5,263.
Europe worries, Tsunami warning put markets in red zone
Indian markets closed the volatile session in the negative terrain, with the Sensex down by 44 points and the Nifty down by 17 points.
Major Headlines:
Cement stocks dip ahead of cartelization report
Aviation stks dip: Govt can decide on aviation FDI tomorrow
Metal index the top loser in sectoral pack
BSE Bulk Deals to Watch - Apr 11 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
11/4/2012 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 15663 808.70
11/4/2012 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 15663 809.15
11/4/2012 590122 Ashika Credit Cap SCOPE VYAPAR PRIVATE LIMITED S 71558 56.00
11/4/2012 531568 Ashutosh Paper PANAFIC INDUSTRIALS LTD B 112000 22.25
11/4/2012 531568 Ashutosh Paper LAVITRA TECHNOLOGIES PRIVATE LIMITED S 97799 22.25
11/4/2012 514171 Ceeta Inds RASHMI PROPERTIES AND INVESTMENTS LIMITED B 1800000 2.87
NSE Bulk Deals to Watch - Apr 11 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
11-APR-2012,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,15663,808.73,-
11-APR-2012,DCB,Development Credit Bank L,PACE STOCK BROKING SERVICES PRIVATE LIMITED,BUY,1131927,48.14,-
11-APR-2012,HARRMALAYA,Harrisons Malayalam Ltd,CARNIWAL INVESTMENTS LIMITED,BUY,200000,73.75,-
11-APR-2012,INVENTURE,Inventure Gro & Sec Ltd,ASHROJ CREDIT INDIA PRIVATE LIMITED,BUY,136490,296.13,-
11-APR-2012,INVENTURE,Inventure Gro & Sec Ltd,NITIN BABAJI PALANDE,BUY,290719,308.10,-
11-APR-2012,IVRCLINFRA,IVRCL Limited,PACE STOCK BROKING SERVICES PRIVATE LIMITED,BUY,1654284,71.01,-
11-APR-2012,IVRCLINFRA,IVRCL Limited,RELIGARE FINVEST LTD,BUY,1978172,71.55,-
11-APR-2012,KFA,Kingfisher Airlines Ltd.,ALIVE CONSULTANTS ALIVE,BUY,5656559,19.97,-
11-APR-2012,KFA,Kingfisher Airlines Ltd.,TRANSGLOBAL SECURITIES LTD.,BUY,11862498,20.03,-
11-APR-2012,KFA,Kingfisher Airlines Ltd.,VASANTI SHARE BROKERS LIMITED,BUY,4176755,20.12,-
11-APR-2012,STEL,Sentinel Tea and Exp Ltd,CARNIWAL INVESTMENTS LIMITED,BUY,200000,12.75,-
11-APR-2012,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,15663,809.22,-
11-APR-2012,DCB,Development Credit Bank L,PACE STOCK BROKING SERVICES PRIVATE LIMITED,SELL,1070919,48.18,-
11-APR-2012,HARRMALAYA,Harrisons Malayalam Ltd,UNIVERSAL INDUSTRIAL FUND LIMITED,SELL,200000,73.75,-
11-APR-2012,INVENTURE,Inventure Gro & Sec Ltd,ASHROJ CREDIT INDIA PRIVATE LIMITED,SELL,78475,292.74,-
11-APR-2012,INVENTURE,Inventure Gro & Sec Ltd,NITIN BABAJI PALANDE,SELL,265202,306.84,-
11-APR-2012,IVRCLINFRA,IVRCL Limited,PACE STOCK BROKING SERVICES PRIVATE LIMITED,SELL,1630284,71.04,-
11-APR-2012,IVRCLINFRA,IVRCL Limited,PENGUIN DEALTRADE PRIVATE LIMITED,SELL,1475054,71.32,-
11-APR-2012,IVRCLINFRA,IVRCL Limited,RELIGARE FINVEST LTD,SELL,600382,71.24,-
11-APR-2012,KFA,Kingfisher Airlines Ltd.,ALIVE CONSULTANTS ALIVE,SELL,5656559,19.99,-
11-APR-2012,KFA,Kingfisher Airlines Ltd.,TRANSGLOBAL SECURITIES LTD.,SELL,11817498,20.05,-
11-APR-2012,KFA,Kingfisher Airlines Ltd.,VASANTI SHARE BROKERS LIMITED,SELL,4176755,20.14,-
11-APR-2012,RANKLIN,Ranklin Solutions Limited,O MARKANDEYULU,SELL,37000,9.04,-
11-APR-2012,STEL,Sentinel Tea and Exp Ltd,OFFSHORE INDIA LTD.,SELL,200000,12.75,-
Huge quake in Indonesia triggers volatility on the bourses
Key benchmark indices edged lower after an earthquake of 8.6 magnitude struck Indonesia at mid-afternoon. Nevertheless, the market staged an intraday rebound in volatile late trade on higher European stocks. With a small decline for the day, the barometer index BSE Sensex, and the 50-unit S&P CNX Nifty both registered their lowest closing level in almost two weeks. The Sensex shed 44.44 points or 0.26%, up about 120 points from the day's low and off almost equal points from the day's high. The market breadth was negative.
The Sensex has fallen 204.80 points or 1.17% so far in April 2012 (till 11 April 2012). The index has surged 1,744.48 points or 11.28% in calendar 2012 so far (till 11 April 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,063.54 points or 13.63%. From a 52-week high of 19,737.33 on 13 April 2011, the Sensex has lost 2,537.93 points or 12.85%.
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