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Tuesday, November 23, 2010
Monday, November 22, 2010
Nifty regains 6k, Sensex nears 20k
The domestic indices saw a spectacular rally owing to all-round buying and positive global cues, with the Nifty reclaiming 6000 levels and the Sensex nearing 20000 levels
Major headlines
Fertilizer stocks dip as government cuts NBS subsidy
BHEL, GE ink pact for water treatment systems; the stock closes 0.64% up
Zensar Technologies to acquire US companies; the stock ends higher by 2.44%
Nifty November 2010 futures above 6,000
Turnover declines
Nifty November 2010 futures were at 6,010, matching the spot closing of 6010. Nifty December 2010 futures were at 6038, at a premium of 28 points over spot closing of 6010.
Power Grid Corporation trips ahead of listing of new shares
Power Grid Corporation of India lost 2.13% to Rs 99 at 12:38 IST on BSE, as shares allotted in its recently completed follow-on public offer will soon hit the market.
The new shares allotted to the public will be admitted to trading from Friday, 26 November 2010, as per reports.
India Market NSE BSE Trading Holidays - 2011
S No Date Day Description
1 26-Jan-11 Wednesday Republic Day
2 02-Mar-11 Wednesday Mahashivratri
3 12-Apr-11 Tuesday Ram Navmi
4 14-Apr-11 Thursday Dr. Ambedkar Jayanti
5 22-Apr-11 Friday Good Friday
6 15-Aug-11 Monday Independence Day
7 31-Aug-11 Wednesday Ramzan ID
8 01-Sep-11 Thursday Ganesh Chaturthi
9 06-Oct-11 Thursday Dasara
10 26-Oct-11 Wednesday Laxmi Puja*
11 27-Oct-11 Thursday Diwali - Balipratipada
12 07-Nov-11 Monday Bakri Id
13 10-Nov-11 Thursday Gurunanak Jayanti
BSE Bulk Deals to Watch - Nov 22 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
22/11/2010 524412 Aarey Drugs YOGESH ROSHANLAL GUPTA B 42000 25.70
22/11/2010 532282 Amtek India SEAHAVEN INVESTMENTS MAURITIUS LIMITED B 650000 65.00
NSE Bulk Deals to Watch - Nov 22 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
22-NOV-2010,AMTEKAUTO,AmtekAuto-Roll Sett,CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED,BUY,3760000,146.39,-
22-NOV-2010,AMTEKINDIA,Amtek India Limited,SADHANA STOCKS & SECURITIES PVT LTD,BUY,1000000,64.59,-
Asian markets mostly up on Monday
Ireland to accept financial rescue package, Chinese inflation control measures continue to keep worries afloat though
Asian markets mostly ended mostly on a strong note as the investors eyed reports that Ireland has capitulated to international demands to accept financial rescue package. After an emergency Cabinet meeting in Dublin, the country has formally asked for a rescue package from the European Union and the International Monetary Fund. Though this was very much on the cards, it still represented a U-turn by Ireland, which insisted last week that it needed no bailout. The Asian equities started on an upbeat tone following this news and were aided by firm commodity prices in the early trades on Monday morning. However, the sentiments seemed to have turned around as the day proceeded and investors were seen taking some profits as the enthusiasm spilled by Irish bailout hopes waned by the latest round of monetary tightening in China. In US, Stocks eked out steady gains on Friday, as traders remained optimistic about the likelihood of Ireland accepting bailout funds from the European Union and the International Monetary Fund. The Dow added 22.10 points or 0.2 percent to close at 11,203.33.
Nifty regains 6,000 mark
Trading for the week began on an upbeat note, with share prices bouncing back from two-month lows tracking firm global stocks. The strong buying momentum helped the 50-unit S&P CNX Nifty regain the psychological 6,000 mark. All the sectoral indices on the BSE were in positive zone. Banking, consumer durables and IT stocks led the rally. Capital goods and healthcare stocks lagged the rally. The BSE 30-share Sensex jumped 372.15 points or 1.9%, up 316 points from the day's low and off 31 points from the day's high.
MOIL Grey Market Premium - Power Grid
| Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 1 Lac Application) |
| Power Grid Corporation | 90 (5 % Discount of Retailers & Employee) | 10 to 11 | 3400 to 3500 |
| R.P.P. Infra Projects Ltd. | 68 to 75 | 8.50 to 9.50 | 1400 to 1500 |
| Manganese Ore Ltd. | 600 to 660 (Approx) | 250 to 252 | 2600 to 2700 |
Market may recover
Gains in Asian stocks will help Indian stocks recoup some of the last week's steep losses. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 40 points at the opening bell. Volatility may remain high as traders roll over positions in the derivatives segment from the near-month November 2010 series to December 2010 ahead of the expiry of the November 2010 futures & options (F&O) contracts on Thursday, 25 November 2010.
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