Smart Trade - July 12 2010
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Monday, July 12, 2010
RIL, SBI July 2010 futures at premium
Turnover surges
Nifty July 2010 futures were at 5,382, at a discount of 1 point compared to spot closing of 5,383. Turnover in NSE's futures & options (F&O) segment surged to Rs 74,543.90 crore from Rs 66,349.49 crore on Friday, 9 July 2010.
Cautious start for Asia
Stocks eke out small to moderate gains but momentum fails to stay outright bullish
Nifty regains 5400 after 30 months
Today's major news
HCL Technologies signs deal with Saudi’s Al Majdouie; the stock closes 0.97% higher
May index of industrial production at 11.5%
Sintex Industries’ Q1 net profit rises 20% yoy; the stock ends 0.22% lower
Tax-free infra bonds to have 10yr-plus tenure
The tax-free infrastructure bonds proposed in this year's budget will have a minimum tenure of ten years and a lock-in period of at least five years, allowing lenders to raise the much-needed long-term funds for the sector.
Potential tax code change may hit payees
According to media reports, the government is planning to significantly alter the slabs proposed in the original draft of the direct taxes code (DTC), which may cost taxpayers.
BSE Bulk Deals to Watch - July 12 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
12/7/2010 530713 Ajel Info TRANS FINANCIAL RESOURCES LIMITED B 103645 34.42
12/7/2010 530713 Ajel Info TRANS FINANCIAL RESOURCES LIMITED S 103645 34.72
NSE Bulk Deals to Watch - July 12 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
12-JUL-2010,ASIANTILES,Asian Granito India Limit,NIRMA CHEMICAL WORK LTD,BUY,192500,64.60,-
12-JUL-2010,KESARENT,KESAR ENTERPRISES LTD,SAR AUTO PRODUCTS LIMITED,BUY,67344,65.59,-
Nifty attains 29-month closing high
The key indices extended gains for the third straight day, with stepping up of buying by foreign funds lifting spirits. Expectations of strong Q1 June 2010 results, also aided the rally. The 50-unit S&P CNX Nifty attained its highest closing level in more than 29 months. The Sensex attained its highest closing level in more than 3 months.
Market to extend gains
The market may extend gains for the third straight day on modest gains in Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could gain 16 points at the opening bell. Meanwhile, government will announce the industrial production data for the month of May 2010 today, 12 July 2010.
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