Eveninger - Oct 3 2008
Saturday, October 04, 2008
Friday, October 03, 2008
BSE Bulk Deals to Watch - Oct 3 2008
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
3/10/2008 519485 ASIA IND NET ATUL NAGINBHAI CHAUHAN B 23715 13.84
3/10/2008 531932 C G IMPEX PRAFULLABEN AMRUTBHAI SONI S 64426 9.22
3/10/2008 531682 CAT TECHNOL S V ENTERPRISES B 259853 6.02
3/10/2008 531682 CAT TECHNOL S V ENTERPRISES S 159897 6.01
3/10/2008 521244 CHITRA.SPIN. RAMESH KORITALA S 54435 4.65
3/10/2008 531137 GEMSTONE INV BHAVESH PRAKASH PABARI B 40000 50.98
3/10/2008 531439 GOLDSTON TEC HEMANT MADHUSUDAN SHETH B 110000 115.77
3/10/2008 531439 GOLDSTON TEC ANKIT RAJENDRA SANCHANIYA S 145000 116.01
3/10/2008 508918 GREYCELLS EN SAJEEVE THOMAS B 51100 308.32
3/10/2008 508918 GREYCELLS EN ATOM FINVEST PVT LTD S 28250 307.96
3/10/2008 532081 K SERA SERA S V ENTERPRISES B 424088 23.78
3/10/2008 522259 KALIN RAIL N L AND T CAPITAL COMPANY LIMITED B 449456 121.21
3/10/2008 522259 KALIN RAIL N BLACKSTONE ASIA ADVISORS LLC SUB A C 1997522 S 64190 121.00
3/10/2008 522259 KALIN RAIL N BLACKSTONE ASIA ADVISORS LLC SUB A C 1997521 S 278684 121.00
3/10/2008 532045 NEXXOFT INFO MANOJ H.MEHTA B 82546 39.38
3/10/2008 532045 NEXXOFT INFO CHETAN VAGHJIBHAI SHAH S 67136 39.35
3/10/2008 532789 NISSAN COPER INDUCTO STEEL LIMITED S 84383 26.95
3/10/2008 531996 ODYSSEY CORP COMFORT SECURITIES PVT.LTD. S 30545 30.15
3/10/2008 523574 PANTAL RETAI PASSPORT CAPITAL LLC AC PASSPORT INDIA INVESTMENT MAURITIUS LTD B 895000 326.80
3/10/2008 523574 PANTAL RETAI DEUTSCHE SECURITIES MAURITIUS LTD S 1500000 326.80
3/10/2008 506618 PUNJAB CHEM JITENDRA MEHTA S 22000 246.02
3/10/2008 532884 REFEX REFRIG JRK MERCHANDISE PVT LTD B 200000 101.70
3/10/2008 532884 REFEX REFRIG JRK CONSULTANTS PVT LTD B 200000 101.70
3/10/2008 532884 REFEX REFRIG HEMANT MADHUSUDAN SHETH S 200000 101.70
3/10/2008 532884 REFEX REFRIG HIMAT PARSHOTTAMBHAI JATANIA S 80000 101.70
3/10/2008 532884 REFEX REFRIG HEMANT MADHUSUDAN SHETH S 303414 101.70
3/10/2008 531898 SANGUINE MD UMA APPARELS PVT LTD B 69010 17.13
3/10/2008 531898 SANGUINE MD ABIRAMI FINANCIAL SERVICES INDIA LTD S 60000 16.51
3/10/2008 533011 VISHAL INFO EL DORADO BIOTECH PVT LTD S 57490 333.65
3/10/2008 533023 WABCO TVS OPG SECURITIES P LTD B 96245 308.56
3/10/2008 533023 WABCO TVS OPG SECURITIES P LTD S 96245 308.64
3/10/2008 532788 XL TEL ENE CITIGROUP GLOBAL MARKETS MAURITIUS PVT. LTD. B 220000 125.75
NSE Bulk Deals to Watch - Oct 3 2008
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
03-OCT-2008,GOLDTECH,Goldstone Tech Ltd.,ANKIT RAJENDRA SANCHANIYA,BUY,102658,115.56,-
03-OCT-2008,GOLDTECH,Goldstone Tech Ltd.,SHETH HEMANT MADHUSUDAN,BUY,102000,115.37,-
03-OCT-2008,PSTL,Pyramid Saimira Theatre L,DKG SECURITIES PVT. LTD.,BUY,87310,94.50,-
03-OCT-2008,VINCARDS,Vintage Cards & Creations,KARTIK K VAKHARIA,BUY,4044,39.10,-
03-OCT-2008,GOLDTECH,Goldstone Tech Ltd.,ANKIT RAJENDRA SANCHANIYA,SELL,102658,115.37,-
03-OCT-2008,GOLDTECH,Goldstone Tech Ltd.,SANCHANIYA ANKIT RAJENDRA,SELL,115000,115.64,-
03-OCT-2008,NISSAN,Nissan Copper Limited,INDUCTO STEEL LIMITED,SELL,78283,26.97,-
03-OCT-2008,PSTL,Pyramid Saimira Theatre L,DKG SECURITIES PVT. LTD.,SELL,274455,95.56,-
03-OCT-2008,VINCARDS,Vintage Cards & Creations,KARTIK K VAKHARIA,SELL,714,40.57,-
Post Session Commentary - Oct 3 2008
Domestic markets observed another bloody day amid raging global financial crises. Concerns about the effectiveness of the US bailout plan for the US economy, weighed on investor’s sentiments. The U.S. House of Representatives are expected to vote today for the rescue package after the Senate approved it on Wednesday. Along with this the investors were also eyed on the inflation number for the week ended 20th September 2008, which is scheduled to be released today evening after market hours. The BSE Sensex ended below 12,600 level and the NSE Nifty below the 3900 mark. Markets opened on extremely negative note on weak global cues due to uncertainty on bailout package. US red ink swamped Asian markets also. Further domestic market continued to remain under pressure without any sign of recovery and kept on trading at new day’s low due to sustained selling pressure across the board. Markets extended its gaps to conclude the day with heavy losses. From the sectoral front, Metal index under performed the benchmark index as witnessed deep cut of more than 7% due to decision of major steel companies in the country to cut their output on the back of slowing demand and fall in international metal prices along with sharp rise in the cost of raw materials. Apart from that, Oil & Gas, Capital Goods, Bank, Consumer Durables, IT and Reality stocks remained out of favor as witnessed most of the selling from these baskets. The market breadth was negative as 1924 stocks closed in red while 669 stocks closed in green and 51 stocks remained unchanged.
The BSE Sensex closed lower by 529.35 points at 12,526.32 and NSE Nifty ended down by 132.45 points at 3,818.30. The BSE Mid Caps and Small Caps closed with losses of 146.36 points at 4,677.80 and by 141.40 points at 5,465.40. The BSE Sensex touched intraday high of 13,001.19 and intraday low of 12,472.61.
Losers from the BSE are Tata Steel (10.22%), ICICI Bank Ltd (8.51%), Sterlite Indus (7.84%), Reliance (7.67%), Tata Power (6.13%), HDFC (5.57%), Reliance Infra (5.15%), L&T Ltd (4.68%), Infosys Tech (4.33%), Bharti Airtel (4.25%) and Reliance Com Ltd (2.96%).
Gainers from the BSE are Ranbaxy Lab (4.83%), M&M Ltd (1.70%) and HUL (0.81%).
The BSE Metal index plunged 634.54 points to close at 8,417.11. Major losers are Jindal Steel (11.37%), Tata Steel (10.22%), JSW SL (9.68%), Sterlite Indus (7.84%), Sesa Goa Ltd (7.44%) and Steel Authority (7.09%).
The BSE Oil & Gas index ended down by 512.88 points at 8,426.67 as Aban Offshore (14.22%), Reliance (7.67%), Cairn Indi (7.38%), Gail India (5.51%), Reliance Natural Resources (5.44%) and Essar Oil Ltd (5.34%) ended in negative territory.
The BSE Capital Goods index closed lower by 353.92 points at 10,238.99. Lossers are Punj Lloyd (8.29%), Praj Industries (7.93%), BEML Ltd (6.96%), USha Martin (6.68%), Gammon Indi (5.73%) and Areva (5.18%).
The BSE Bank index dropped by 259.33 points to close at 6,428.95. Major losers are ICICI Bank Ltd (8.51%), Yes bank (4.87%), Federal Bank (4.54%), Bank of Baroda (4.47%), Axis Bank (4.34%) and Indus Ind Bank (3.90%).
The Consumer Durables index lost 127.79 points to close at 2,887.66. As Videocon Ind (7.47%), Rajesh Export (6.70%), Titan Ind (3.69%) and Blue Star L (2.69%) closed in negative territory.
The BSE IT index ended down by 107.62 points at 3,110.28. Lossers are Aptech Ltd (16.78%), NIIT Ltd (8.37%), Oracle Fin (8.07%), Rolta Ind (5.81%), Infosys Tech (4.33%) and Mphasis Ltd (4.08%).
Global meltdown weighs heavy
A sell-off in Asian markets followed by that in the European markets sent the Sensex tumbling over 580 points for the day. The market opened in the red at 12,900, down 156 points, tracking a sharp fall in the US and Asian indices and touched the day's low of 12,473 on relentless selling in metal, oil & gas and consumer durable (CD) stocks. The metal index closed 7% down, as investors turned negative on the sector amid fears of global credit squeeze. Sensex finally closed with a loss of 4.05% or 529 points at 12,526 and Nifty shed 132 points to close at 3,818.
The market breadth was extremely negative. Of the 2,644 stocks traded on the BSE, 1,924 stocks declined, whereas 669 stocks advanced. Fifty one stocks ended unchanged. All the sectoral indices were battered. Among the major losers, the BSE Metal lost 7.01%, BSE Oil & Gas dropped 5.74%, BSE CD shed 4.24%, BSE Bankex declined by 3.88% and BSE Teck fell 3.39%.
Of the 30 stocks of the Sensex only three closed in the green. Among the major losers Tata Steel plummeted by 10.22% at Rs393.80, ICICI Bank tanked by 8.51% at Rs504.50, Sterlite Industries dropped 7.84% at Rs395.75 and Reliance Industries slumped 7.84% at Rs1760. Tata Power crumbled by 6.13% at Rs888.50, HDFC shed 5.57% at Rs2081.55 and Reliance Infrastructure slipped 5.15% at Rs741.25. Larsen & Toubro at Rs1,158.45, Infosys Technologies at Rs1,390.95, Bharti Airtel at Rs756.45, Reliance Communications at Rs333.20, DLF at Rs336.40, Tata Motors at Rs756.45 and Tata Motors at Rs330.70 shed over 2-4% each.
Metal stocks lost heavily. Jindal Steel tumbled by 11.37% at Rs1,151.20, JSW Steel shed 9.68% at Rs410.65, Sterlite Industries lost 7.84% at Rs395.75 and Sesa Goa declined by 7.44% at Rs108.20. The Oil counters too bore the brunt and fell sharply. Aban Offshore, Cairn India, Gail India, Reliance Natural Resources Ltd (RNRL), Essar Oil, Reliance Petroleum Ltd (RPL), ONGC and OIL shed over 2-7% each.
Over 1.23 crore shares of Cals Refineries changed hands on the BSE followed by RNRL (1.04 crore shares), IFCI (0.67 crore shares), Chambal Fertlisers and Chemicals (0.51 crore shares) and RPL (0.49 crore shares)
US financial crisis may continue to weigh on domestic bourses
With the United States facing its worst financial crisis since the Great Depression of the 1930s, the negative effects will continue to loom large over domestic market next week. Investor confidence had been shattered by the collapse of large US investment banks. Foreign financial institutions are pressing sales of Indian stocks.
Foreign institutional investors (FIIs) have sold shares worth Rs 36,991.70 crore in the calendar year 2008 so far (till 1 October 2008).
The US Senate on Wednesday, 1 October 2008, passed the government's financial rescue plan after the House of Representatives rejected it in its original form. The House is expected to vote on the revised bill on Friday, 3 October 2008. Under the plan, the Treasury would buy illiquid assets held by financial institutions, in the hope of restoring confidence and thawing credit markets vital to the wider economy.
Infosys Technologies, which earns more than half its revenue from the US market, will kickstart the Q2 September 2008 quarterly earnings season on 10 October 2008. The outlook for software services companies has been downbeat due to the turmoil in the US. On the flip side, the rupee's slide against the dollar should provide some solace.
The government will release weekly inflation data on Friday, 3 October 2008. Inflation based on the wholesale price index rose 12.14% in 12 months to 13 September 2008 government data released on 25 September 2008, showed.
The Indo-US nuclear deal on Thursday, 2 October 2008 secured the approval of the US Senate which overwhelmingly voted a bill rejecting all the killer amendments and paving the way for its implementation. The crux of the deal is that, India would open up 14 of its reactors to regular IAEA inspection, in return of which it would get to import civilian nuclear technology from US and buy nuclear fuel for its civilian reactors from the 45-member Nuclear Suppliers Group (NSG).
The direct beneficiaries of this agreement will be PSU companies, viz. Nuclear Power Corporation of India (NPCIL) and Uranium Corporation of India (UCIL). Few others sharing the big pieces in this business are the engineering and power equipment makers such as state-run Bharat Heavy Electrical, Larsen & Toubro, Areva T&D and Alstom Projects.
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