Tuesday, July 03, 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 3/7/2012 524412 Aarey Drugs LEADAGE TRADING PRIVATE LIMITED B 80195 27.03 3/7/2012 526347 ACCLAIM IND PARKES MULTI TRADE PRIVATE LIMITED S 49500 22.05 3/7/2012 526347 ACCLAIM IND RAJEEV RAJEEV S 50000 22.05 3/7/2012 526347 ACCLAIM IND MAJESTIC GARMENTS PRIVATE LIMITED S 58500 22.05
Key benchmark indices eked out small gains as traders refrained from building large positions ahead of the beginning of the Q1 June 2012 earnings season next week. The 50-unit S&P CNX Nifty attained its highest closing level in 10-1/2 weeks. The barometer index, BSE Sensex, advanced 26.73 points or 0.15%, off about 101.11 points from the day's high and up close to 74 points from the day's low. The market breadth was strong. BSE Small-Cap and Mid-Cap indices outperformed the Sensex. Index heavyweight Reliance Industries (RIL) edged lower in volatile trade. IT stocks were mostly lower after weak economic data in the US, the biggest outsourcing market for the Indian IT firms.
The Indian equities remained highly volatile throughout the day and closed today's trading session in the green zone Will the July-Sept quarter bring any reason to cheer? AI pilots to end 58-day long strike with immediate effect Lupin gets USFDA approval for generic oral contraceptive TTK Prestige rises on buzz of European acquisition Telecom stks rise as tribunal gives split verdict on 3G roaming dispute Indian indices The Indian equities remained highly volatile throughout the day and closed today's trading session in the green zone. Markets ended flat for the second consecutive session. Yesterday also, the markets ended flat on hopes for some policy changes from the new Finance Minister Manmohan Singh. The Indian indices slipped into negative territory after remaining firm for most part of the day. Sentiments turned weak as India’s crucial monsoon rain fell 31% below the average up to 2 July 2012. The Sensex closed 27 points higher while the Nifty rose 9.35 points.
NCL Industries Ltd is planning to set up a 30-MW captive power plant with Rs1.5bn investment. (BL) Essar Energy Plc will sell half its stake in Vietnam’s offshore gas exploration block 114 to Italian oil major ENI International B.V. (BL) Dr Reddy’s Laboratories Ltd has launched Ibandronate Sodium tablets in the US market. (BL) Pratibha Industries Ltd has announced that it has bagged an order worth Rs10.9bn from Delhi Metro Rail Corporation, and another worth Rs.3.45bn from IREO Private Ltd. (BL) Yes Bank is seeking shareholders’ approval to raise US$500 mn to take care of the "growing requirement of funds for expanding business" and to shore up capital to meet the Basel II norms of capital adequacy. (BL) ICICI Bank has exited Kingfisher Airlines by selling the last of its nearly Rs.6bn loans to a fund run by Srei Infrastructure Finance, ending speculation that it may have to incur losses on loans to the troubled aviation company. (ET)
The Indian equity indices ended on a flat note with a slightly negative bias at the end of a choppy session, as investors digested monthly auto sales numbers, merchandise trade data and manufacturing PMI report. Investors were also influenced by global data points in the wake of Friday's stellar global rally that was sparked by announcement of measures to quell the eurozone debt crisis. After opening on a flat note, the Indian indices initially slipped in to red. However, the BSE Sensex and the NSE Nifty managed to rise marginally in the afternoon trade on the back of a rally in the European stocks. Markets across Europe gained after the debt-plagued region's manufacturing PMI data came in ahead of consensus estimate. However, stock indices in Spain and Italy reversed early gains to turn flat. The Sensex ended at 17,399, down 31 points or 0.2% from the previous close. It had earlier touched a day’s high of 17,486 and a day’s low of 17,363. It opened at 17, 438.
Don't put off for tomorrow what you can do today, because if you enjoy it today, you can do it again tomorrow. - James A. Michener. Equities across the globe have risen smartly of late. The Nifty is on the verge of crossing 5300. The start is set to be positive for our market too. Asian markets are holding firm despite a mixed session on Wall Street, with investors hoping for fresh monetary easing from the Federal Reserve. European stocks pared gains on disappointing US manufacturing data. US’ ISM manufacturing PMI shrank for the first time in three years.
Relatively Small business seeking high price VKS Projects is engaged in the business of undertaking EPC/turnkey/item-rate contract for mechanical, piping and heavy equipment erections for various industrial and infrastructure projects. Of late the company is also forayed into land development for industrial/infra projects. The company originally promoted by V K Sukumaran and K Unnikrshnan was incorporated in Feb 17, 1998 as a private company in the name of Chaitanya Contractors & Engineers. Subsequent to transfer of shares held by Unnikrishan and family to Saritha Sukumaran, the wife of V K Sukumaran in 2005, the name of the company changed to VKS Projects in August 31, 2007. Latter in Nov 3, 2010 the company has turned into limited liability company.
The market may open higher on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 28.50 points at the opening bell. Asian stocks rose for a fifth day on Tuesday on expectations that central banks from Washington to Frankfurt and Beijing may ease monetary policy to shore up growth after manufacturing unexpectedly shrank in the U.S. Among corporate news, Ambuja Cements, owned by Switzerland's Holcim, the world's second-largest cement producer, said cement shipments rose 7.2% to 1.79 million tonnes in June 2012 over June 2011. Production rose 7.9% to 1.78 million tonnes in June 2012 over June 2011.
The Indian markets may open on a flat to positive note tracking positive Asian cues and on account of SGX Nifty trading 23 points higher. Events for the day: Ex-date for bonus issue and final dividend of Atul Auto. Headlines for the day: Oil cos loss on diesel, LPG sale halve on falling global rates. Reliance Group enters into partnership with China Ming Yang. CCEA may decide on 2mn-tonne wheat export today. PNB revises deposit rates on FNCR deposits. Mukesh Ambani meets Montek for an hour.