NSE Bulk Deals to Watch - June 28 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-JUN-2011,AANJANEYA,Aanjaneya Lifecare Ltd,BMD EXPORTS PRIVATE LIMITED,BUY,61198,379.39,-
28-JUN-2011,AANJANEYA,Aanjaneya Lifecare Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,103087,382.94,-
28-JUN-2011,ABGSHIP,ABG Shipyard Limited,JAROLI VINCOM PVT LTD,BUY,250000,362.04,-
28-JUN-2011,ABGSHIP,ABG Shipyard Limited,PARWATI CAPITAL MARKET PRIVATE LIMITED,BUY,328564,360.05,-

Volatile day ends in green

After three consecutive sessions of garnering 1-3% gains, the markets witnessed an extremely volatile trade today. The Sensex closed higher by 80 points and the Nifty up 19 points

Major headlines

Cairn India slips after Vedanta deal value revised down

Tyre companies strengthen on fall in rubber prices

ABG Shipyard inks Rs970 crore deal with Indian Navy

Market scales 3-week high; Sensex vaults 5.3% in 4 days

Key benchmark indices advanced for the fourth straight day to attain 3-week closing highs as the latest data showed that foreign institutional investors (FIIs) had stepped up buying of Indian stocks. The BSE Sensex rose 80.04 points or 0.43%, up close to 170 points from the day's low and off close to 35 points from the day's high. The market breadth was positive, having swung between positive and negative zone earlier in the day. The BSE Mid-Cap and Small-Cap indices outperformed the Sensex.

Auto stocks rose for the second straight day as the recent hike in diesel price of Rs 3 per litre was lower than market expectations of a hike of Rs 4 per litre. Capital goods, pharma and consumer durables stocks also gained. Index heavyweight Reliance Industries (RIL) edged lower in volatile trade.

Daily News Roundup - June 28 2011

Hindustan Construction Company bagged contract worth Rs18.43bn, in a joint venture with Alstom, from THDC India to construct Tehri Pumped Storage Plant in Tehri, Uttarakhand.(ET)

Glenmark Pharma USD613mn outlicensing deal with Sanofi has been approved by the US authorities and has also received an upfront payment of USD25mn from the French drug maker. (BS)

Cairn and Vedanta have announced major changes in the terms of their USD9.6bn deal, including the removal of the non-compete arrangements and associated fee, which may result in a 5.3% fall in post-tax proceeds.(ET)

Sensex pulls off hat-trick...Nifty closes above 5500

Just when one thought the Indian markets would see a gap-down opening, tracking overnight sell-off in the US and Asian markets, comes yet another strong pullback - third in a row. The benchmark Indian equity indices showed strong resilience and witnessed a smart rally throughout the day. Sustained buying was seen in index heavyweights like ONGC, L&T, Maruti, Axis Bank and M&M.

Banking stocks led from the front. Public sector oil companies' shares were in action, with stocks like ONGC, HPCL, IOC and BPCL gaining over 3% each. Today’s upswing was accompanied with commendable volumes, as the total market turnover crossed Rs. 1.7 lakh crores mark. Strong FII inflows in the past couple of sessions also influenced the rally today.

Some relief!

"The greatest weapon against stress is our ability to choose one thought over another." -William James.

The otherwise stressed market seems to be witnessing a relief of sorts. Investors thoughts shifted to some fall in crude oil and some hike in fuel prices for now, which led to a rally of sorts on Monday. Most of the three-day advance has been driven by short covering after the NSE Nifty breached 5400. But, the index is still trading below various crucial technical levels. Ride the current upswing cautiously keeping in mind that most of the headwinds have yet to be conquered.

Market may extend recent gains on firm Asian stocks

The market may extend recent gains on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 21 points at the opening bell. Foreign institutional investors (FIIs) bought shares worth Rs 1447.42 crore and domestic funds sold shares worth Rs 766.38 crore on Monday, 27 June 2011, as per provisional figures released by the stock exchanges.

The market may remain volatile in the near term as traders roll over positions in the derivatives segment from June 2011 series to July 2011 series. The near-month June 2011 derivatives contracts expire on Thursday, 30 June 2011.

Sensex extends 3-day rise, ends 172 points higher

PSU oil & gas stocks were the top stars for the day after rise in fuel prices, which led the Indian markets to close the session on an optimistic note

Major news

Alstom-HCC JV wins Rs1,843 crore project

GTL clarifies on rise in volumes, share speculation

Hike in diesel price negative for cement companies

Fuel Price Hike

Fuel Price Hike

BSE Bulk Deals to Watch - June 27 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
27/6/2011 533412 AANJANEYA CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 100193 392.67
27/6/2011 533412 AANJANEYA A K G SECURITIES AND CONSULTANCY LTD B 89763 393.10
27/6/2011 533412 AANJANEYA A K G SECURITIES AND CONSULTANCY LTD S 89763 393.35

NSE Bulk Deals to Watch - June 27 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
27-JUN-2011,AANJANEYA,Aanjaneya Lifecare Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,100260,392.55,-
27-JUN-2011,GTL,GTL Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,599887,108.39,-
27-JUN-2011,LOVABLE,Lovable Lingerie Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,240786,388.31,-
27-JUN-2011,MUKANDLTD,Mukand Limited,PACE STOCK BROKING SERVICES PRIVATE LIMITED,BUY,3500000,40.70,-

Nifty June 2011 futures above 5500

Turnover declines

Nifty June 2011 futures were at 5,536.60, at a premium of 10 points over spot closing of 5,526.60. Nifty July 2011 futures were at 5,550.90, at a premium of 24.30 points over spot closing of 5,526.60.

Turnover in NSE's futures & options segment declined to Rs 163359.54 crore from Rs 197862.56 crore on Friday, 24 June 2011. The near-month June 2011 futures derivatives contracts expire on Thursday, 30 June 2011.

PSU oil shares lead rally

Trading for the week began on an upbeat note as the key benchmark indices surged today, 27 June 2011, extending their rally into the third straight day, as a slide in global crude oil prices outweighed concerns that an increase in domestic fuel prices will stoke inflation. The BSE Sensex jumped 171.73 points or 0.94%, off close to 82 points from the day's high and up close to 280 points from the day's low. The market breadth was positive. The Sensex attained its highest closing level in nearly three weeks. The 50-unit S&P CNX Nifty achieved its highest closing level in 2-1/2 weeks.

Shares of state-run oil marketing companies rallied as government after market hours on Friday, 24 June 2011, announced a hike in the prices of diesel and cooking fuel. Upstream oil companies ONGC and Oil India surged after the government removed the 5% customs duty on crude oil.

Hike in fuel price lifts OMCs

The government hiked the price of diesel by Rs3 a litre, kerosene - Rs2 a litre and cooking gas by a steep Rs50 a cylinder. This followed the hike of over Rs5 per litre on petrol announced by oil marketing companies ( OMCs) in mid-May.

The decision to raise fuel prices was inevitable in view of the rising crude prices in the global market and its impact on the fiscal deficit

The impact on inflation is inevitable as the government did not have any other option but to hike the prices in light of huge under-recoveries.

The price hike would help the oil companies limit their revenue loss by Rs21,000 crore, but they would still end the fiscal with about Rs121,704 crore of revenue loss.

State-run oil marketing companies Indian Oil Corporation ( IOC), Bharat Petroleum Corporation Ltd ( BPCL) and Hindustan Petroleum Corporation Ltd ( HPCL) would benefit from increase in fuel prices. The shares of OMCs witness good buying interest.

At 9.26 am, BSE Oil & Gas was the leading index, up 1.23% at 9154.

HPCL was trading at Rs410.05, up by 4.47%, with a volume of 1.41 lakh shares on the BSE.

BPCL was trading at Rs663.65, up by 4.61%, with a volume of 1.14 lakh shares on the BSE.

IOC was trading at Rs349.55, up by 3.69%, with a volume of 0.92 lakh shares on the BSE.

Hike in fuel price lifts OMCs

The government hiked the price of diesel by Rs3 a litre, kerosene - Rs2 a litre and cooking gas by a steep Rs50 a cylinder. This followed the hike of over Rs5 per litre on petrol announced by oil marketing companies ( OMCs) in mid-May.

The decision to raise fuel prices was inevitable in view of the rising crude prices in the global market and its impact on the fiscal deficit

The impact on inflation is inevitable as the government did not have any other option but to hike the prices in light of huge under-recoveries.

The price hike would help the oil companies limit their revenue loss by Rs21,000 crore, but they would still end the fiscal with about Rs121,704 crore of revenue loss.

State-run oil marketing companies Indian Oil Corporation ( IOC), Bharat Petroleum Corporation Ltd ( BPCL) and Hindustan Petroleum Corporation Ltd ( HPCL) would benefit from increase in fuel prices. The shares of OMCs witness good buying interest.

At 9.26 am, BSE Oil & Gas was the leading index, up 1.23% at 9154.

HPCL was trading at Rs410.05, up by 4.47%, with a volume of 1.41 lakh shares on the BSE.

BPCL was trading at Rs663.65, up by 4.61%, with a volume of 1.14 lakh shares on the BSE.

IOC was trading at Rs349.55, up by 3.69%, with a volume of 0.92 lakh shares on the BSE.