Monday, June 11, 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 11/6/2012 530027 Aadi Inds RUSHABH SHAH S 75000 9.17 11/6/2012 530713 AJEL TILOTTAMA HOLDINGS PVT.LTD B 100000 5.13 11/6/2012 530713 AJEL KANODIA INVESTMENT ADVISORY PVT. LTD. S 100000 5.13 11/6/2012 507525 Amrit Corp-$ USHA BHUPENDRA SANGHAVI B 60000 306.00 11/6/2012 507525 Amrit Corp-$ BHUPENDRA GOKALDAS SANGHAVI B 60000 306.00 11/6/2012 507525 Amrit Corp-$ DECENT FIN SER (P) LTD S 77336 306.01 11/6/2012 507525 Amrit Corp-$ SHUB LABH INDIA MARKETING AND CONSTULTANTS PRIVATE LIMITED S 46357 306.00
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks 11-JUN-2012,CEBBCO,Commercial Eng & Co. Ltd,RP COMPUTER FORMS PVT LTD,BUY,285000,71.00,- 11-JUN-2012,CEBBCO,Commercial Eng & Co. Ltd,SS CORPORATE SECURITIES LIMITED,BUY,300000,71.00,- 11-JUN-2012,HDIL,Housing Development and I,GENUINE STOCK BROKERS PVT LTD,BUY,2515126,74.87,- 11-JUN-2012,LAKPRE,Lakshmi Precision Screws,SHIVSWAROOP GUPTA,BUY,165000,40.00,- 11-JUN-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,BUY,18979224,14.00,- 11-JUN-2012,NIPPOBATRY,Nippo Batteries Co. Limit,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,49444,443.06,- 11-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,CHAND SETH,BUY,574840,10.15,- 11-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,PACIFIC PEARL FINANCE & LEASING LTD,BUY,662500,10.15,- 11-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,PEARL TELEFONICS LIMITED,BUY,662500,10.15,- 11-JUN-2012,ARSSINFRA,ARSS Infra Proj. Ltd,IFCI LTD.,SELL,207103,55.83,- 11-JUN-2012,CEBBCO,Commercial Eng & Co. Ltd,NEW YORK LIFE INVESTMENT MANAGEMENT INDIA FUND FVCI II LLC,SELL,1200520,71.00,- 11-JUN-2012,HDIL,Housing Development and I,GENUINE STOCK BROKERS PVT LTD,SELL,2515126,74.89,- 11-JUN-2012,LAKPRE,Lakshmi Precision Screws,RELIANCE MUTUAL FUND,SELL,249345,40.00,- 11-JUN-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,SELL,19045614,14.01,- 11-JUN-2012,NIPPOBATRY,Nippo Batteries Co. Limit,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,49444,445.68,- 11-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,BETA FINANCE & TRADING PRIVATE LTD.,SELL,1325000,10.15,- 11-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,HARISH SETH,SELL,574840,10.15,- 11-JUN-2012,SB&TINTL,SB&T International Ltd,THE FEDERAL BANK LTD,SELL,99950,5.01,- 11-JUN-2012,TWL,Titagarh Wagons Limited,GOYA LIMITED,SELL,141040,302.14,-
It was a complete turn around during the last few minutes of trade as S&P threatened to give India a non-investment grade rating. Markets slipped and ended in red with Sensex falling 51 points and Nifty down by 14 points. Major Headlines Will India be the first BRIC fallen angel? Car sales in India up just 2.8% in May Govt to introduce DTC Bill in next Parliament session BPCL, Videocon gain on reports of higher reserves in Rovuma basin
Key benchmark indices snapped five-day winning streak after global rating agency Standard & Poor's warned that India could become the first BRIC nation to lose its investment-grade rating if the South Asian country doesn't revive its growth and push the pedal on reforms. The barometer index, BSE Sensex, was down 50.86 points or 0.3%, up close to 40 points from the day's low and off close to 225 points from the day's high. The market breadth was positive. The Sensex had risen 753.71 points or 4.72% in five trading sessions to settle at 4-1/2-week closing high of 16,718.87 on Friday, 8 June 2012, from a recent low of 15,965.16 on 1 June 2012. The Sensex has risen 449.48 points or 2.77% so far in this month (till 11 June 2012). The barometer index has gained 1,213.09 points or 7.84% in calendar 2012 so far (till 11 June 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,532.15 points or 10.12%. From a 52-week high of 19,131.70 on 8 July 2011, the Sensex has lost 2,463.69 points or 12.87%.
The market may extend nearly 5% gains clocked in previous five trading sessions on strong Asian markets. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 42.50 points at the opening bell. Asian stock markets surged today, 11 June 2012 after euro zone finance ministers agreed to lend the Spain up to $125 billion to shore up its struggling banks. Dr Reddy's Laboratories will replace DLF in the benchmark 30-share Sensex with effect from today, 11 June 2012. Key benchmark indices rose for the fifth straight trading session and attained their highest closing level in 4-1/2 weeks on Friday, 8 June 2012 on hopes the Reserve Bank of India (RBI) will cut interest rates at mid-quarter monetary policy review on 18 June 2012 to prop up slowing economy. The BSE Sensex advanced 69.82 points or 0.42% to 16,718.87, its highest closing level since 7 May 2012.
BHEL may not join hands with RINL and MECON Ltd for the proposed Rs20bn JV that plans to set up a factory at Vizag for manufacturing steel for core sectors. (BS) Sahara Infrastructure and Housing announced 10 lifestyle township projects, including nine self-sufficient integrated townships under the brand name of ‘Sahara City Homes’ and ‘Sahara Grace’ in Lucknow. (BS) Arvind Ltd's management threatened strict legal action if the workers fail to turn up for work. (BS) Bank of India and Exim Bank plan to establish presence in Myanmar through branches and representative offices, to push Indian investments and support growth in bilateral trade. (BS)
Numbing the pain for a while will make it worse when you finally feel it. - JK Rowling. Suddenly, Spain now rhymes better with gain than pain. World markets had a good week after a long time amid optimism of emergency policy action from policymakers in the face of deteriorating growth prospects. Some of that optimism faded a wee bit after the ECB and the Federal Reserve refrained from announcing any fresh stimulus. However, mounting expectations of a bailout for struggling Spanish banks managed to keep the tempo going. Over the weekend, the eurozone finance ministers agreed to lend Spain up to US$125bn to shore up its ailing lenders, giving further fillip to the global ‘risk-on’ trade. China’s exports in May topped analysts’ estimates while industrial output and retail sales trailed forecasts. China’s market is rather subdued this morning in the wake of weekend release of important economic data while other Asian markets have posted decent gains. The euro and crude oil are also up.
The Indian markets are set to begin the first day of the week on a positive note. SGX is Nifty trading 43 points higher. Events for the day: Ex-date for dividend of ITC. Ex-date for final dividend of Rallis India and Torrent Pharmaecuticals. Headlines for the day: JSPL may scrap $2.1 bn Bolivia plan. ONGC starts drilling oil along Assam-Nagaland border area. No diesel price hike for now, says Reddy.
In an interview with ET Now, Rakesh Jhunjhunwala, Partner, RARE Enterprises, says he is extremely bullish on India in the long term and that Greece will not exit Euro in the next 2 months. Excerpts: ET Now: Many a times in your long market career, you have been the low bull in the market. Today when the investor sentiment is down and out, are you still bullish? Rakesh Jhunjhunwala: Let us look at the factors which can drive markets lower or higher. Investors' interest in India from the international community and from the local investors is at an all time low and confidence is at all time low. Secondly, we have to see what could change government policy, inflation, commodity prices and consequently interest rates. Commodity prices have seen a good correction in the last two months and especially in the last 15 days. Considering the economic conditions in America, China and the western world, I see no reason where commodity prices can go up. If we look at the BRIC nations, India is the only net importer of commodities and both Russia and Brazil are very big exporters. So, the biggest beneficiary of a correction in commodity price in the world has to be India. Growth has slowed in India and demand is extremely low. In inflation, 60% of inflation is due to manufacturing. The government made an across board hike of 2% in excise duties despite that in April, there was a 1.5% month to month increase in manufacturing inflation. So, when demand is low, commodity prices are coming off and therefore manufacturers can't build adequate capacity at the moment.
Prices dragged down by concerns about slowing economic growth in China Comex copper ended lower on Friday, 08 June 2012. London copper hit a six-month low on Friday, dragged down by concerns about slowing economic growth in top consumer China and the lack of imminent measures to boost the U.S. economy. Three-month copper on the LME fell to as low as $7,264.25 a tonne. It ended lower by 2.8% at $7,284 a tonne on Friday. At Comex, July copper dropped nearly 9 cents, or 2.5%, to close at $3.29 a pound. Prices ended 0.6% lower than the week-ago closing level.
Prices register weekly gains for the first time in six weeks Crude oil prices at Nymex finished lower for the day on Friday, 08 June 2012, but gained on the week as traders worried about global oil demand and supplies ahead of a spate of Chinese economic data during the weekend and an OPEC meeting next week. Prices registered weekly gains for the first time in six weeks. Light, sweet crude-oil futures for July delivery shed 72 cents, or 0.9%, to settle at $84.10 a barrel on the New York Mercantile Exchange on Friday. For the week, prices finished 1% higher. Prices also fell due to a stronger dollar. The dollar index, which weighs the strength of the dollar against a basket of six other currencies rose by 0.3%.
Gold manages to eke out gains but silver drops on Friday Precious metals ended mixed at Comex on Friday, 08 June 2012. Gold futures finished lower for the week on Friday, 08 June 2012 as recent comments by the top U.S. central banker squashed hopes of immediate stimulus lifting the dollar. Gold, however, ended Friday's session on a positive note, with traders unwilling to short the metal ahead of a weekend of potential gold market-moving developments. But silver prices ended lower for the day. Gold for August delivery tacked on $3.40, or 0.2%, to settle at $1,591.40 an ounce on the Comex division of the New York Mercantile Exchange, rebounding after touching a low of $1,556.40 on Friday. Prices ended 1.9% lower for the week. July silver fell 6 cents, or 0.2%, to $28.47 an ounce on Friday, finishing 0.1% lower for the week.