NSE Bulk Deals to Watch - Sep 6 2012

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks 06-SEP-2012,HOVS,HOV Services Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,170302,34.18,- 06-SEP-2012,HOVS,HOV Services Limited,GKN SECURITIES,BUY,62686,34.36,- 06-SEP-2012,HOVS,HOV Services Limited,INDUS PORTFOLIO (P) LTD,BUY,93554,34.10,- 06-SEP-2012,HOVS,HOV Services Limited,KANCHANBEN AJITKUMAR JAIN,BUY,75847,35.45,- 06-SEP-2012,HOVS,HOV Services Limited,TRANSGLOBAL SECURITIES LTD.,BUY,120406,34.24,- 06-SEP-2012,KFA,Kingfisher Airlines Ltd.,TRANSGLOBAL SECURITIES LTD.,BUY,4227881,9.34,- 06-SEP-2012,ONMOBILE,OnMobile Global Limited,TRANSGLOBAL SECURITIES LTD.,BUY,750887,37.47,- 06-SEP-2012,RANKLIN,Ranklin Solutions Limited,RAGHU CHEKKA,BUY,50000,4.95,-

BSE Bulk Deals to Watch - Sep 6 2012

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 6/9/2012 524412 Aarey Drugs MUKESH BHOGIBHAI DARJI B 88191 39.15 6/9/2012 524412 Aarey Drugs MUKESH BHOGIBHAI DARJI S 95155 36.97 6/9/2012 532919 Allied Comp ACACIO TRADELINK PRIVATE LIMITED S 670000 1.50 6/9/2012 514332 Anuvin Inds MUKESH RAGHUMAL CHETWANI B 50000 8.90 6/9/2012 514332 Anuvin Inds HEMANT B DESAI S 50000 8.90

Volatile markets end with minute gains; ECB decision in focus

Indian markets closed today's volatile session on a flat note tracking global cues ahead of ECB meet. The Sensex inched 33 points higher while the Nifty rose by 13 points in trade today Major Headlines of the Day: IT stocks strengthens on weak rupee RIL becomes 1st Co to participate in global oil futures market Gold futures shine to all time high of Rs32,758 per 10 gms Planning Commission expects 8.2% growth in 12th Five year Plan

Titan Industries drops as gold shines

Key benchmark indices edged higher in choppy trade as world stocks rose on hopes that the European Central Bank (ECB) will announce a bond-market intervention at its policy meeting later in the global day. The market breadth was positive. The barometer index, BSE Sensex, advanced 32.93 points or 0.19%, up close to 30 points from the day's low and off about 70 points from the day's high. PSU OMCs gained for the 3rd straight day on reports the government plans to raise fuel prices after the monsoon parliament session ends on September 7. Titan Industries dropped on concerns that record high gold price will adversely affect sales growth of the company's jewellery division. The Sensex has fallen 83.29 points or 0.47% in this month so far (till 6 September 2012). The Sensex has jumped 1,891.35 points or 12.23% in calendar 2012 so far (till 6 September 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2210.41 points or 14.6%. From a 52-week high of 18,523.78 on 22 February 2012, the Sensex has lost 1177.51 points or 6.35%.

Bharti Airtel - Target 328

 Bharti Airtel - Target 328 

India Mining

India Mining

SAIL

 SAIL 

Daily News Roundup - Sep 6 2012

Siemens Home Appliances plans to set up a manufacturing plant for its washing machines near Chennai. (BL) Infosys’ business process outsourcing (BPO) arm said that the company will hire 8,000 more people by end of this financial year. (BL) Undeterred by a recent setback in Bolivia, Jindal Steel and Power Ltd (JSPL) announced the acquisition of Canada’s CIC Energy Corp for Rs.6.5bn. (BL) Hero MotoCorp said that the inventory levels are running high with dealers with demand being slow, but it expects strong festive season demand to clear it. (BL)

Sensex slips on global woes…Metals, Banks sink

The Indian stock markets ended in the red on Wednesday, as bulls were unable to add to gains from the previous session. Market participants continued to tread cautiously amid overnight losses in the US and Asian markets in the wake of disappointing economic reports. Today’s decline was seen despite the HSBC services PMI for August rising to a six month high. The Purchasing Managers' Index (PMI) for services rose to 55 from 54.2 in July, HSBC Holdings Plc and Markit Economics said in a statement today.

The drag continues

They are not free who drag their chains after them - French Proverb. UPA II’s governance deficit continues to be a drag on the markets. The "coal-gate" remains a major overhang. With the economy on a downward spiral, lack of meaningful progress on market-friendly reforms will further dent investor sentiment. Then there is the looming threat of a debt downgrade, which may add to the long list of macro-economic woes. Today’s start is likely to be muted as global investors have chosen to move on to the sidelines ahead of a crucial ECB policy meeting later today. The odds of ECB president Mario Draghi announcing a bond-buying programme have been rising. One has to see if Draghi obliges the markets or disappoints by deferring the call on fresh monetary stimulus.

5 of 25 cancelled blocks alloted to Coal India, JSPL

Five coal blocks with an estimated reserve of 3,155 million tonnes (MT) out of 25 cancelled so far have been re-allocated to Coal India Ltd (CIL), Jindal Steel and Power ( JSPL) and a consortium of public and private players, the government said yesterday (September 05, 2012). 'So far government have de-allocated 25 coal blocks allocated to various public and private sector companies,' Minister of State for Coal, Pratik Prakashbapu Patil said. Three of the de-allocated blocks -- Brahmini, Chichro Pastimal and East of Damagoria -- with reserves of 2,593MT were allocated to CIL in 2012 while Utkal B-1 with 228 MT reserves was given to JSPL in 2003, Patil said. The remaining one block -- Utkal A (along with Gopal Prasad block) with 333MT of coal was given jointly to CIL subsidiary Mahanadi Coalfields, JSW Steel, Jindal Thermal, Jindal Stainless Steel and Shyam DRI in 2005, he said. In reply to another query, Mr Prakash said that no blocks were advertised for allocation after the Bill to amend the Mines and Minerals (Development and Regulation) Act, 1957 was introduced in Parliament in 2008. 'The allocation of coal blocks to private companies made after 2008 is only on account of culmination of the process which was initiated prior to introduction of the Bill,' he added. The government has so far allocated a total of 195 coal blocks including 111 to private firms under the Coal Mines (Nationalisation) Act, 1973. These include 51 in Jharkhand, 41 in Chhattisgarh, 33 in Odisha, 25 in Madhya Pradesh, 24 in Maharashtra, 19 in West Bengal and one each in Andhra Pradesh and Arunachal Pradesh. On Wednesday (September 05, 2012), Coal India closed at Rs358.35, down by 0.49%, with a volume of 1.06 lakh shares on the BSE. Jindal Steel & Power closed at Rs336, down by 4.78%, with a volume of 4.26 lakh shares on the BSE.

Market may open slightly lower

Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 7 points at the opening bell. Meanwhile, Asian stocks trade mostly higher on Thursday as investors await the European Central Bank meeting later in the day Bharat Heavy Electricals (Bhel) turns ex-dividend today, 6 September 2012, for final dividend of Rs 3.68 per share for the year ended 31 March 2012 (FY 2012). BEML turns ex-dividend today, 6 September 2012, for dividend of Rs 5 per share for FY 2012. Coal India turns ex-dividend today, 6 September 2012, for final dividend of 50 paise per share for FY 2012. NTPC turns ex-dividend today, 6 September 2012, for final dividend of 50 paise per share for FY 2012. Oil India turns ex-dividend today, 6 September 2012, for final dividend of Rs 5 per share for FY 2012. Key benchmark indices edged lower to reach their lowest closing level in over 4-1/2 weeks on Wednesday, 5 September 2012 after Finance Minister P. Chidambaram said India is making consistent efforts to check the abuse of a double-taxation-avoidance pact it has with Mauritius as Mauritius has become an attractive route for investments by third-country residents into India through treaty abuse. The S&P CNX Nifty lost 48.30 points or 0.92% to settle at 5,225.70 on that day, its lowest closing level since 3 August 2012.

Axis Bank

 Axis Bank

All-round selling drifts Sensex 128 pts lower

It was a bad day for the Indian markets with the Sensex losing 128 points while the Nifty falling 48 points owing to global cues and selling pressure across the board. Major Headlines of the Day: Fin Min may raise loan limit on FCNR deposits SBI cuts retail term deposits rates Banking stocks witness pressure on impaired assets concerns Fuel prices to rise after Sept 07: Oil Minster

Nifty September 2012 futures at premium

Turnover rises Nifty September 2012 futures were at 5252, at a premium of 26.30 points over spot closing of 5225.70. Turnover on NSE's futures & options (F&O) segment rose to Rs 84105.50 crore from Rs 73484.79 crore on Tuesday, 4 September 2012. State Bank of India (SBI) September 2012 futures were at 1842.95, at a premium over spot closing of 1829.10. Axis Bank September 2012 futures were at 939, at a premium over spot closing of 931.80. ICICI Bank September 2012 futures were at 886.10, at a premium over spot closing of 880. In the cash market, the S&P CNX Nifty shed 48.30 points or 0.92% to settle at 5,225.70, its lowest closing level since 3 August 2012. The September 2012 derivatives contracts expire on 27 September 2012

Banking, metal stocks lead decline

Key benchmark indices edged lower to reach their lowest closing level in over 4-1/2 weeks after Finance Minister P. Chidambaram said India is making consistent efforts to check the abuse of a double-taxation-avoidance pact it has with Mauritius as Mauritius has become an attractive route for investments by third-country residents into India through treaty abuse. The barometer index, BSE Sensex, lost 139.64 points or 0.8%, up about 50 points from the day's low and off close to 120 points from the day's high. The market breadth was negative. Weakness in global stocks also weighed on domestic bourses. The Sensex has fallen 116.22 points or 0.66% in this month so far (till 5 September 2012). The Sensex has jumped 1858.42 points or 12.02% in calendar 2012 so far (till 5 September 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2177.48 points or 14.38%. From a 52-week high of 18,523.78 on 22 February 2012, the Sensex has lost 1210.44 points or 6.53%.