Govt to sign comprehensive trade pacts with Japan, Malaysia

The Government of India is all set to sign comprehensive trade agreements with Japan, Malaysia and the entire ASEAN bloc in the next 2-3 months. Comprehensive pacts for elimination of duties and removal of obstacles will be signed with Japan and Malaysia in February, the Commerce and Industry Minister Anand Sharma, said. "We have concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA) with Japan as well as a Comprehensive Economic Cooperation Agreement (CECA) with Malaysia. We will be signing them in the next few weeks, definitely in February," Sharma said. Besides, over and above an existing Free Trade Agreement (FTA) with the 10-member ASEAN, a fresh pact for opening trade in services is expected to be finalised by March. Trade FTA with ASEAN was operationalised from January 2010. The agreement with Malaysia would be ‘ASEAN plus’, as it is one of the 10 members of the trading bloc. The bilateral trade in goods and services with Malaysia would be more open than the bloc as a whole. A bilateral pact with Indonesia would also be initiated. According to reports, Sharma is expected to visit Tokyo and Kuala Lumpur by mid-February for signing CEPA and CECA.

Vibrant Gujarat Summit...7,936 MOUs signed

Gujarat Chief Minister Narendra Modi reportedly said that about 7,936 memorandums of understanding (MoUs) were signed for Rs. 20,83,000 crore at Vibrant Gujarat Summit 2011. Reports stated that the whopping investment would also result in about 5.2 million additional jobs. The previous edition of the summit in 2009 had resulted in about 4,000 MoUs being signed for investments worth Rs 12,00,000 crore (about US$243bn). The reports stated that on the first day of the 2011 edition MoUs worth about 15 lakh crores were signed between industrialists and the State Government. Gautam Adani said he would invest over Rs 800bn in ports, power and infrastructure projects. Reports said that industry leaders such as Anil Ambani, Mukesh Ambani, Ratan Tata, Adi Godrej, A.M. Naik, GVK Reddy, Ajit Gulabchand and Anand Mahindra also announced their plans.

Indraprastha Gas

Indraprastha Gas

Media and Entertainment Sector

Media and Entertainment Sector

Industrial output growth slumps in November

India's industrial output growth eased sharply in November compared to the previous month, as a high base of last year and a series of interest rate increases adversely affected the performance of Manufacturing, Mining and Electricity. The industrial output, as measured by the index of industrial production (IIP), stood at 2.7% in November versus an upwardly revised 11.3% in October, the Union Commerce & Industry Ministry said. October's IIP reading was revised up from a provisional estimate of 10.8%. The November's IIP reading surpassed consensus expectations of a 6-6.5% growth. India's industrial production had expanded by 11.3% in November 2009. Year-to-date (April-November 2010-11), India's industrial production stood at 9.5% versus 7.4% in the corresponding period of the previous financial year.

Weekly Stock Picks - Jan 16 2011

Buy Everonn

Buy Central Bank of India

Buy Tata Power

Buy Ranbaxy

Buy Tata Comm

Weekly Newsletter - Jan 16 2011

All hopes of a comeback were dented by the downbeat IIP and December inflation reports. Infosys' subdued results and muted guidance didn't help matters either. A lot of results are still due in the next few weeks. Hopefully, they will provide the market something to cheer about after two back to back weeks of steep fall.

Inflation climbs again in December...Rate hike imminent

As widely anticipated, India's annual inflation accelerated in December from the previous month, adding to the pressure on the Government and the RBI to rein in spiraling prices of essential commodities in a rapidly growing economy. The point-to-point annual rate of inflation, as measured by the wholesale price index (WPI), stood at 8.43% in December 2010 as against 7.48% in November 2010. The WPI for All Commodities group rose 1.3% to 144.1 from 142.3 for the previous month. October's inflation rate has been revised to 9.12% as against the provisional estimate of 8.58%, the Government said.

India Infrastructure

India Infrastructure

India Consumer

India Consumer

Bears play havoc; Indices register 4% weekly loss

Markets suffered a long-term damage this week with key indices breaking crucial support levels. High inflation, Infosys' disappointing Q3 nos and fears of rate hike weighed

Major headlines for the week

November IIP at 2.7%

Inflation rises to 8.43% in December

Infosys Q3 results lag estimates; stock falls

HDFC Q3 net profit jumps 33%

Duty-free sugar imports extended till March 31

BSE Bulk Deals to Watch - Jan 14 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
14/1/2011 532114 Alchemist Rlty VARINDER PAL SINGH B 400000 11.75
14/1/2011 532114 Alchemist Rlty AMANDEEP S 400000 11.75
14/1/2011 590033 APW President RAJASTHAN GLOBAL SECURITIES LTD B 33594 182.45
14/1/2011 512535 Asahi Infra NARESH CHAND JAIN B 184683 11.57
14/1/2011 512535 Asahi Infra INDRAVARUN TRADE IMPEX PVT LTD B 725238 11.77
14/1/2011 512535 Asahi Infra NARESH CHAND JAIN S 184683 11.84
14/1/2011 512535 Asahi Infra INDRAVARUN TRADE IMPEX PVT LTD S 757447 11.21
14/1/2011 531568 Ashutosh Paper TARINI ENTERPRISES PRIVATE LIMITED B 45500 138.15
14/1/2011 532435 Asia HR Tech TELESYS SOFTWARE LTD S 50000 6.60
14/1/2011 531591 Bampsl Sec SURENDRA KUMAR GUPTA B 639300 3.08
14/1/2011 531591 Bampsl Sec BHAIJEE PORTFOLIO LTD. S 573063 3.09
14/1/2011 509499 Centron Indl BIMAL RAMNIK MEHTA B 15000 18.50
14/1/2011 533272 Commercial Engineers INDIA MAX INVESTMENT FUND LIMITED B 1128000 45.00
14/1/2011 533272 Commercial Engineers LEGG MASON ASSET MANAGEMENT ASIA PTE LTD AC THE COX KINGS OVERS S 1127880 45.00
14/1/2011 530755 Coral News KAILASH CHANDRA B 48500 7.53
14/1/2011 530755 Coral News ENAAM SECURITIES S 41000 7.50
14/1/2011 526705 Elegant Marb RAXA MAYUR PARIKH B 74000 49.90
14/1/2011 526705 Elegant Marb MAYUR RAJENDRABHAI PARIKH B 67000 49.90
14/1/2011 526705 Elegant Marb SOHAM PIYUSHKUMAR AVLANI S 156550 49.79
14/1/2011 530579 Golden Sec GEMINI VINIMAY PRIVATE LIMITED B 20000 19.36
14/1/2011 530579 Golden Sec SAROJ AGARWAL S 15000 19.37
14/1/2011 500467 Harrisons Maly CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 132240 90.50
14/1/2011 500467 Harrisons Maly CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 132240 90.17
14/1/2011 530887 Incap Financial NAILESH SWARUPCHAND MEHTA B 25000 17.15
14/1/2011 530887 Incap Financial ABHAY DATTATRAY JAVLEKAR S 54824 17.15
14/1/2011 524826 Jupiter Biosc TRANS FINANCIAL RESOURCES LIMITED B 232005 34.66
14/1/2011 524826 Jupiter Biosc TRANS FINANCIAL RESOURCES LIMITED S 134376 34.95
14/1/2011 524826 Jupiter Biosc SPARROW INDIA DIVERSIFIED OPPORTUNITIES FUND I S 200000 34.00
14/1/2011 531778 Kachchh Mnrl BHARTI P DAVDA S 29700 10.00
14/1/2011 530255 KAY Power KAUSHALAYA GARG B 102100 18.30
14/1/2011 532067 Kilpest India KRUNAL CHANDRAKANT PARMAR B 43311 20.04
14/1/2011 532067 Kilpest India JMP SECURITIES PVT LTD B 40000 20.25
14/1/2011 532067 Kilpest India KRUNAL CHANDRAKANT PARMAR S 38412 20.09
14/1/2011 532067 Kilpest India LAXMIKANT RAMPRASAD KABRA S 38603 20.25
14/1/2011 511000 Madhusudan Sec SOUTH YARRA HOLDINGS B 27150 62.97
14/1/2011 517467 Marsons NANDESHWAR FINTRADE PVT LTD B 100000 21.64
14/1/2011 524683 Metrochem Inds MAIDEN TRADEFIN PVT LTD B 161586 51.00
14/1/2011 524683 Metrochem Inds ANILKUMAR MITHALAL JAIN S 70360 51.00
14/1/2011 524683 Metrochem Inds RITUDEVI ANILKUMAR JAIN S 88126 51.00
14/1/2011 533100 PREMIER ENER SURYA CORPORATION S 117803 38.21
14/1/2011 503873 Priyadarshini Spn DATTATHRI DOMAKONDA B 72000 120.11
14/1/2011 532866 Quintegra Sol SAINATH HERBAL CARE MARKETING PRIVATE LIMITED S 191575 10.25
14/1/2011 530923 RCL FOODS HARISH KUMAR SINGHVI S 30000 31.48
14/1/2011 521182 Seasons Furn CAMPHAR SECURITIES AND ADVISORY PRIVATE LIMITED B 103936 7.49
14/1/2011 521182 Seasons Furn RAKESH KUMAR JAIN S 100000 7.50
14/1/2011 531794 Seshachal Tech PADALA DEVENDER BABU B 50000 7.80
14/1/2011 531794 Seshachal Tech NAVMEE SECURITIES PRIVATE LIMITED S 58185 7.82
14/1/2011 532793 Shree Ashtavina JMP SECURITIES PVT LTD B 19059743 5.09
14/1/2011 532793 Shree Ashtavina JMP SECURITIES PVT LTD S 18954743 5.35
14/1/2011 532793 Shree Ashtavina SHIVSHAKTI FINANCIAL SERVICES PRIVATE LIMITED S 14389360 4.86
14/1/2011 532793 Shree Ashtavina SECURITIES TRADING CORPORATION OF INDIA LTD S 4814000 4.86
14/1/2011 532793 Shree Ashtavina SECURITIES TRADING CORPORATION OF INDIA LTD S 7500000 4.86
14/1/2011 532793 Shree Ashtavina BP FINTRADE PRIVATE LIMITED S 4825563 5.34
14/1/2011 513515 SR Inds LUXMI NARAIN GOEL B 99500 6.64
14/1/2011 513515 SR Inds PRIDE PROPERTIES PRIVATE LTD S 100000 6.64
14/1/2011 590111 Vaishnavi Gold VINAY JAIN B 40000 21.58
14/1/2011 590111 Vaishnavi Gold ABHI CAPITAL SERVICES LIMITED S 40000 21.37
14/1/2011 531574 VAS Infra SONAL HEMANT BHANDARI S 105752 64.85
14/1/2011 512279 Visisth Merc REKHA N SHARMA B 19000 212.78
14/1/2011 512279 Visisth Merc RAMLAL HIRALAL TANWAR B 30000 211.05
14/1/2011 512279 Visisth Merc PARITOSH TRADING PRIVATE LIMITED S 22450 213.34
* B - Buy, S - Sell

NSE Bulk Deals to Watch - Jan 14 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
14-JAN-2011,AMTEKAUTO,AmtekAuto-Roll Sett,AXIS BANK LIMITED,BUY,1200000,123.49,-
14-JAN-2011,CANFINHOME,Can Fin Homes Ltd,RAJEN CHANDRAKANT SHARE A/C,BUY,109888,122.16,-
14-JAN-2011,HARRMALAYA,Harrisons Malayalam Ltd,AJAY,BUY,140148,90.69,-
14-JAN-2011,HARRMALAYA,Harrisons Malayalam Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,132240,90.08,-

Turnover soars

Nifty January 2011 futures below 5650

Nifty January 2011 futures were at 5,645.25, at a discount of 9.30 points compared to spot closing of 5,654.55. Turnover in NSE's futures & options (F&O) segment jumped to Rs 210495.14 crore from Rs 152571.83 crore on Thursday, 13 January 2011.

Reliance Industries January 2011 futures were near spot price at 998.50 compared with spot closing of 998.10.

Disappointing Infy results, rate-hike worries spook market

The market tumbled amid high volatility as disappointing Q3 results from IT bellwether Infosys Technologies added to investor gloom over the prospect of tighter monetary policy. The barometer index BSE Sensex fell below the psychological 19,000 mark and the 50-unit S&P CNX Nifty fell below 5,700 level.