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Sunday, April 06, 2008
Market falls for the week
The market edged lower last week as concerns about potential losses of corporate India on forex derivatives resurfaced after the Institute of Chartered Accountants of India (ICAI) asked companies to disclose losses on a mark-to-market basis incurred on derivatives trades from the current financial year onwards (year ending March 2008), as a precursor to making a new accounting standard -- the AS-30 -- mandatory from 1 April 2011. This may hit Q4 March 2008 and FY 2008 (year ending March 2008) bottom line of Indian firms.
Some arbitrageurs and jobbers stayed away from the market on 1 April 2008 protesting change in tax treatment of the Securities Transaction Tax (STT) that came into force from that day. The protest led to low volumes, which saw share prices swing wildly on the first day of the new financial year FY 2009 (year ending March 2009).
India's wholesale price index (WPI) rose 7% in the 12 months to 22 March 2008, accelerating from the previous week's rise of 6.68%. The rate is the highest since 4 December 2004.
The 30-share BSE Sensex fell 1,028.17 points or 6.28% at 15,343.12 in the week ended 4 April 2008. The S&P CNX Nifty shed 295 points or 5.96% to 4647 in the week.
The BSE Mid-Cap index outperformed the Sensex, falling 259.94 points or 3.99% to 6,262.85. The BSE Small-Cap index, too, outperformed the Sensex, falling 186.99 points or 2.37% to 7,714.99.
Indian companies are sitting on potential losses on account of the forex derivative transactions they undertook last year. A steep decline in the value of the US dollar against the Japanese Yen and the Swiss Franc has hit Indian corporates which have used these two currencies (Yen and Franc) extensively to swap their rupee denominated debt.
Meanwhile, the change in tax treatment of securities transaction tax (STT) is seen raising cost for arbitrageurs, which in turn may result in fall in arbitrage volumes. STT will now be treated like any other deductible expenditure against business income of the assesses. This is against the earlier practice of 100% rebate for STT paid against the tax liability for the year.
Sustained selling pressure in blue chips spooked the bourses on Monday, 31 March 2008. The 30-share BSE Sensex plunged 726.85 points or 4.44% at 15,644.44. The broader based S&P CNX Nifty plunged 207.50 points or 4.20% at 4,734.50.
On 1 April 2008, after opening on a firm note, market lost ground by early afternoon trade only to recover in mid-afternoon, led by recovery in index heavyweights Reliance Industries (RIL) and ICICI Bank. The 30-share BSE Sensex was down 17.82 points or 0.11% at 15,626.62. The broader based S&P CNX Nifty rose 5.05 points or 0.11% at 4,739.55.
On 2 April 2008, an early surge on the bourses proved short-lived as index heavyweights Reliance Industries, ICICI Bank and L&T, gave up initial gains. The Sensex, which had surged past 16,000 mark in early trade, fell below that level later. The Sensex settled 123.78 points or 0.79% higher at 15,750.40. The broader based S&P CNX Nifty was up 14.65 points or 0.31% at 4,754.20.
On 3 April 2008, the key benchmark indices ended higher as IT stocks rallied on hopes a US recession might not be deep as feared. The Sensex settled 82.15 points or 0.52% higher at 15,832.55. The broader based S&P CNX Nifty rose 17.4 points or 0.37% at 4771.60.
On 4 April 2008, data showing a surge in inflation to a three-year high pulled the market down. The 30-share BSE Sensex slipped 489.43 points or 3.09% at 15,343.12. The broader based S&P CNX Nifty fell 124.6 points or 2.61% at 4647.
India’s largest electrical equipments maker by sales Bharat Heavy Electricals slipped 21.90% to Rs 1634.10 after global investment firm JPMorgan Chase & Company reduced its share price estimate for the company to Rs 2,200 a share from Rs 2,850 earlier.
India’s largest private sector company in terms of market capitalisation and oil refiner Reliance Industries fell 1.08% to 2322.20. The company said on Tuesday, 1 April 2008, it had discovered more gas in an exploration block off the east coast. The potential commercial interest of the discovery is being ascertained through more data gathering and analysis, the company said in a statement.
India’s top tractor marker in terms of sales Mahindra & Mahindra (M&M) fell 12.44% to Rs 605.15. M&M said on Tuesday, 1 April 2008, its vehicle sales rose 20% to 24,682 units in March 2008 over March 2007. M&M’s sales rose 30% to 2,31,355 vehicles, in the financial year to March 2008 over the financial year to March 2007.
India’s top truck marker in terms of sales Tata Motors fell 5% to 613.65. Tata Motors said on Tuesday, its vehicle sales 6% to 66,495 units in March 2008 over March 2007. Sales of commercial vehicles rose 17% to 35,993 units and sales of cars and utility vehicles fell 4% to 24,737. Exports fell 9% to 5,765 vehicles
India’s largest private sector power utility company in terms of sales Reliance Energy slumped 12.54% to Rs 1166.35.
India’s largest private sector bank in terms of net profit ICICI Bank fell 8.56% to Rs 763.70.
India's second largest software exporter by sales Infosys Technologies fell 2.85% to Rs 1482.90. India's fourth largest software exporter by sales Satyam Computer Services rose 4.11% to Rs 425.25
Gammon Infrastructure Projects debuted on 3 April 2008 at 7.78% premium at Rs 180 on BSE. On that day, the stock settled at Rs 157.90 on BSE, at a discount of 5.4% over the initial public offer price of Rs 167.
Infrastructure sector output grew 8.7% in February 2008 from a year earlier, faster than a downwardly revised 3.1% growth in January 2008, government data showed on Thursday, 3 April 2008. Output had risen an annual 7.6% in February 2007.
Exports from India rose 35.3% in February 2008 from a year earlier to $14.24 billion, government data showed on Tuesday. Imports rose an annual 30.5% to $18.47 billion. The trade deficit for February 2008 widened to $4.23 billion, compared with $3.62 billion in the same month a year earlier. The trade deficit was $72.47 billion in the first eleven months of the fiscal year to February 2008.
Friday, April 04, 2008
BSE Bulk Deals to Watch - Apr 4 2008
Deal Date Scrip Code Scrip Name Client Name Deal Type * Quantity Price **
4/4/2008 517356 ACI INFOCOM JASMINA GOPANI B 91100 4.08
4/4/2008 517356 ACI INFOCOM ALOK GUPTA S 99000 4.08
4/4/2008 522273 AHMEDA STEEL ANAND V SHAH B 24459 16.20
4/4/2008 590059 BIHAR TUBES SANJAY GUPTA B 90000 130.00
4/4/2008 505923 CEEKAY DIAKI I S F SECURITIES LTD S 24192 69.92
4/4/2008 509695 DGP SECURITI VIBHUTI INVESTMENTS CO. LTD B 154000 412.00
4/4/2008 509695 DGP SECURITI DILIP GOPIKISAN PIRAMAL HUF S 154000 412.00
4/4/2008 532643 GANESHFORGIN RAJESH DOULATRAM BHATIA B 231908 52.92
4/4/2008 531863 GEEKAY FINAN SAMEERA YASIN PATEL B 56000 48.49
4/4/2008 532836 GREMAC INFRA LB INDIA HOLDINGS CAYMAN II LTD S 84181 116.28
4/4/2008 532951 GSS AMERICA MARWADI SHARES AND FINANCE LIMITED B 72610 563.17
4/4/2008 532951 GSS AMERICA B K SHAH CO B 81032 566.38
4/4/2008 532951 GSS AMERICA MARWADI SHARES AND FINANCE LIMITED S 72610 562.21
4/4/2008 532951 GSS AMERICA B K SHAH CO S 81032 567.08
4/4/2008 516078 JUMBO BAG LT MANOJ P.AGRAWAL B 50000 47.92
4/4/2008 516078 JUMBO BAG LT DINESH RATHOD HUF S 75000 48.05
4/4/2008 512413 KHAITAN WVG BHAROSEMAND COMMODITIES PVT LTD S 32737 104.02
4/4/2008 513530 STELCO STRIP SAINATH HERBAL CARE MARKETING P LTD B 45955 34.82
4/4/2008 532948 TULSI EXTRU MBL AND COMPANY LIMITED B 89742 96.58
4/4/2008 532948 TULSI EXTRU CHANDARANA INTERMEDIARIES BROKERS P. LTD B 192339 95.87
4/4/2008 532948 TULSI EXTRU EUREKA STOCK AND SHARE BROKING SERVICES LIMITED B 136100 93.46
4/4/2008 532948 TULSI EXTRU PRABHUDAS LILLADHER PVT. LTD. B 62564 100.25
4/4/2008 532948 TULSI EXTRU N D NISSAR B 144364 93.39
4/4/2008 532948 TULSI EXTRU IGSL TRADING ACCOUNT B 73137 97.90
4/4/2008 532948 TULSI EXTRU H.J.SECURITIES PVT.LTD. B 279025 100.23
4/4/2008 532948 TULSI EXTRU MUKUL RAMVALLABH TIBREWALA B 74021 96.64
4/4/2008 532948 TULSI EXTRU EUREKA STOCK AND SHARE BROKING SERVICES LIMITED S 136100 93.47
4/4/2008 532948 TULSI EXTRU PRABHUDAS LILLADHER PVT. LTD. S 62564 100.06
4/4/2008 532948 TULSI EXTRU N D NISSAR S 144364 93.27
4/4/2008 532948 TULSI EXTRU IGSL TRADING ACCOUNT S 73137 96.99
4/4/2008 532948 TULSI EXTRU H.J.SECURITIES PVT.LTD. S 279025 100.46
4/4/2008 532948 TULSI EXTRU MUKUL RAMVALLABH TIBREWALA S 74021 93.64
4/4/2008 532948 TULSI EXTRU MBL AND COMPANY LIMITED S 89742 95.88
4/4/2008 532948 TULSI EXTRU V J PATEL INVESTMENT S 69483 90.15
4/4/2008 532948 TULSI EXTRU GOPAL TRADERS S 72910 91.33
4/4/2008 532948 TULSI EXTRU ANAND YOGESH SHARES AND CONSULTANCY PVT. LTD. S 91417 89.33
4/4/2008 532948 TULSI EXTRU CHANDARANA INTERMEDIARIES BROKERS P. LTD S 192339 95.85
4/4/2008 532953 V GUARD IND SHRI BRIJ SEC P LTD B 152603 70.42
4/4/2008 532953 V GUARD IND SHRI BRIJ SEC P LTD S 152603 70.47
NSE Bulk Deal Watch - Apr 4 2008
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
04-APR-2008,BHAGYNAGAR,Bhagyanagar India Limited,MULTI MANAGER INDIA FUND LIMITED,BUY,400000,40.20,-
04-APR-2008,GSSAMERICA,GSS America Infotech Limi,B K SHAH CO KETAN BHAILAL SHAH,BUY,91930,566.49,-
04-APR-2008,GSSAMERICA,GSS America Infotech Limi,FIN BRAINS SECURITIES (INDIA) LTD.,BUY,67730,555.55,-
04-APR-2008,GSSAMERICA,GSS America Infotech Limi,MARWADI SHARES AND FINANCE LIMITED,BUY,72833,562.81,-
04-APR-2008,GSSAMERICA,GSS America Infotech Limi,R.M. SHARE TRADING PVT LTD,BUY,83302,565.91,-
04-APR-2008,INDIAINFO,India Infoline Limited,MULTI MANAGER INDIA FUND LIMITED,BUY,300000,733.01,-
04-APR-2008,OILCOUNTUB,Oil Country Tubular Ltd,UNITED STEEL ALLIED INDUSTRIES PRIVATE LIMITED,BUY,492721,61.82,-
04-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,PRASHANT JAYANTILAL PATEL,BUY,341773,182.31,-
04-APR-2008,ORIENTABRA,Orient Abrasives Limited,R.K. RAJGARHIA & SONS,BUY,434949,22.03,-
04-APR-2008,ORIENTABRA,Orient Abrasives Limited,RAJ GARHIA LEASING &FINANCE SERVICE PRIVATE LTD,BUY,4981,22.91,-
04-APR-2008,SHREEASHTA,Shree Ashtavinayak Cine V,MAVI INVESTMENT FUND LTD DEUTSCHE BANK,BUY,95761,365.00,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,ADITI FINLEASE PVT. LTD.,BUY,193130,96.75,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,ADROIT FINANCIAL SERVICES PVT LTD,BUY,374058,96.94,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,AMBIT SECURITIES BROKING PVT. LTD.,BUY,76301,101.57,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,ANGEL INFIN PRIVATE LIMITED,BUY,59927,95.99,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,BUY,221108,100.40,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,BALASO VITTHAL SHINDE,BUY,495582,93.31,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,176015,95.10,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,CPR CAPITAL SERVICES LTD.,BUY,242513,94.97,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,CREDENTIAL STOCK BROKERS LIMITED,BUY,324067,97.26,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,DEV SUMAN SINDHU,BUY,100532,96.75,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,DINDAYAL BIYANI STOCK BROKERS LTD.,BUY,149324,98.36,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,DINESH MUNJAL,BUY,530306,93.70,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,FIN BRAINS SECURITIES (INDIA) LTD.,BUY,140900,94.72,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,G RAMAKRISHNA,BUY,219000,92.53,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,GANSHYAMBHAI SANALAL SHAH,BUY,55673,91.32,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,GOPAL TRADERS,BUY,53110,99.77,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,JAIN LALITKUMAR C,BUY,64600,95.78,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,JPK TRADING INDIA PVT LTD,BUY,84000,97.55,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,KASSA FINVEST P LTD,BUY,137683,93.34,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,BUY,551101,96.27,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,KHANDWALA TRADELINK CO,BUY,67333,102.05,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,KUMAR VIJAY,BUY,120224,96.38,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,LPC SECURITIES LTD,BUY,106917,97.47,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,MANIPUT INVESTMENTS PVT LTD,BUY,257892,95.60,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,MANSUKH SECURITIES & FINANCE LTD,BUY,82880,95.75,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,MBL & COMPANY LTD.,BUY,86586,96.37,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,MLB CAPITAL PVT LTD,BUY,71100,95.79,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,NISSAR BROTHERS,BUY,81313,95.82,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,PASHUPATI CAPITAL SERVICES PVT. LTD.,BUY,179098,95.71,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,PRASHANT JAYANTILAL PATEL,BUY,910344,96.67,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,R.M. SHARE TRADING PVT LTD,BUY,105532,93.74,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,RAJKUMARI BAFNA R,BUY,85044,92.23,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,RAKESH VORA,BUY,69001,100.01,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,RUPESH KIRIT DALAL,BUY,291002,91.80,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,SANJAY BHANWARLAL JAIN,BUY,388174,94.51,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,SREYASHKUMAR MAHESHBHAI PATEL,BUY,62564,100.69,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,SUNIL PANDURANG MANTRI,BUY,188281,92.77,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,TRANSGLOBAL SECURITIES LTD.,BUY,201126,95.24,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,VIJAY Y NANVARE,BUY,85000,88.80,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,YES INVESTMENTS VISHAL KISHORE BHATIA,BUY,75500,99.81,-
04-APR-2008,VGUARD,V-Guard Industries Limite,ADROIT FINANCIAL SERVICES PVT LTD,BUY,180851,70.64,-
04-APR-2008,VGUARD,V-Guard Industries Limite,PRASHANT JAYANTILAL PATEL,BUY,158283,72.26,-
04-APR-2008,VGUARD,V-Guard Industries Limite,SHRI BRIJ SECURITIES PVT.LTD.,BUY,202495,70.28,-
04-APR-2008,VIJAYABANK,Vijaya Bank,THE CHILDRENS INVESTMENT MASTER FUND,BUY,13377000,48.80,-
04-APR-2008,BANG,Bang Overseas Limited,BEEJAY INV & FIN CONS PVT LTD,SELL,80000,133.88,-
04-APR-2008,BHAGYNAGAR,Bhagyanagar India Limited,KHATTAR HOLDINGS PRIVATE LIMITED,SELL,400000,40.20,-
04-APR-2008,GSSAMERICA,GSS America Infotech Limi,B K SHAH CO KETAN BHAILAL SHAH,SELL,91626,567.65,-
04-APR-2008,GSSAMERICA,GSS America Infotech Limi,FIN BRAINS SECURITIES (INDIA) LTD.,SELL,67731,556.26,-
04-APR-2008,GSSAMERICA,GSS America Infotech Limi,MARWADI SHARES AND FINANCE LIMITED,SELL,72833,563.43,-
04-APR-2008,GSSAMERICA,GSS America Infotech Limi,R.M. SHARE TRADING PVT LTD,SELL,83302,566.78,-
04-APR-2008,INDIAINFO,India Infoline Limited,KHATTAR HOLDINGS PRIVATE LIMITED,SELL,300000,733.00,-
04-APR-2008,OILCOUNTUB,Oil Country Tubular Ltd,Rajasthali Finvest Pvt Ltd,SELL,230000,61.80,-
04-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,PRASHANT JAYANTILAL PATEL,SELL,341773,182.70,-
04-APR-2008,ORIENTABRA,Orient Abrasives Limited,RAJ GARHIA LEASING &FINANCE SERVICE PRIVATE LTD,SELL,305201,22.01,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,ADITI FINLEASE PVT. LTD.,SELL,193130,96.58,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,ADROIT FINANCIAL SERVICES PVT LTD,SELL,374058,96.81,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,AMBIT SECURITIES BROKING PVT. LTD.,SELL,76301,101.17,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,ANAND YOGESH SHARES AND CONSULTANCY PVT LTD,SELL,133522,89.50,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,ANGEL INFIN PRIVATE LIMITED,SELL,62927,95.40,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,SELL,245415,99.48,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,BALASO VITTHAL SHINDE,SELL,495582,100.74,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,176015,95.91,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,CPR CAPITAL SERVICES LTD.,SELL,239513,95.10,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,CREDENTIAL STOCK BROKERS LIMITED,SELL,328247,97.12,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,DEV SUMAN SINDHU,SELL,100532,96.55,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,DINDAYAL BIYANI STOCK BROKERS LTD.,SELL,149324,98.65,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,DINESH MUNJAL,SELL,530306,93.66,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,FIN BRAINS SECURITIES (INDIA) LTD.,SELL,140900,94.88,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,G RAMAKRISHNA,SELL,219000,91.90,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,GANSHYAMBHAI SANALAL SHAH,SELL,63623,96.45,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,GOPAL TRADERS,SELL,123110,95.87,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,JAIN LALITKUMAR C,SELL,64600,95.94,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,JPK TRADING INDIA PVT LTD,SELL,40000,101.53,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,KASSA FINVEST P LTD,SELL,137683,93.27,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,SELL,551101,96.20,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,KHANDWALA TRADELINK CO,SELL,67333,101.50,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,KUMAR VIJAY,SELL,120224,96.19,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,LPC SECURITIES LTD,SELL,106917,97.37,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,MANIPUT INVESTMENTS PVT LTD,SELL,257892,95.57,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,MANSUKH SECURITIES & FINANCE LTD,SELL,82880,96.95,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,MBL & COMPANY LTD.,SELL,86586,97.15,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,MLB CAPITAL PVT LTD,SELL,71100,96.72,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,NISSAR BROTHERS,SELL,81313,95.79,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,PASHUPATI CAPITAL SERVICES PVT. LTD.,SELL,179098,95.66,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,PRASHANT JAYANTILAL PATEL,SELL,910344,96.50,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,R.M. SHARE TRADING PVT LTD,SELL,105532,94.48,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,RAJKUMARI BAFNA R,SELL,85044,92.41,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,RAKESH VORA,SELL,69001,94.55,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,RUPESH KIRIT DALAL,SELL,291002,91.84,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,SANJAY BHANWARLAL JAIN,SELL,388174,94.58,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,SREYASHKUMAR MAHESHBHAI PATEL,SELL,62564,100.85,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,SUNIL PANDURANG MANTRI,SELL,188281,92.64,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,TRANSGLOBAL SECURITIES LTD.,SELL,201126,95.46,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,V J PATEL INVESTMENT,SELL,115257,91.60,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,VAJSHAH SHARES & CONSULTANCY P,SELL,99687,90.05,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,VIJAY Y NANVARE,SELL,85000,95.51,-
04-APR-2008,TULSI,Tulsi Extrusions Limited,YES INVESTMENTS VISHAL KISHORE BHATIA,SELL,75500,100.34,-
04-APR-2008,VGUARD,V-Guard Industries Limite,ADROIT FINANCIAL SERVICES PVT LTD,SELL,178851,70.69,-
04-APR-2008,VGUARD,V-Guard Industries Limite,PRASHANT JAYANTILAL PATEL,SELL,158283,72.12,-
04-APR-2008,VGUARD,V-Guard Industries Limite,SHRI BRIJ SECURITIES PVT.LTD.,SELL,202495,70.41,-
04-APR-2008,VIJAYABANK,Vijaya Bank,MORGAN STANLEY DEAN WITTER MAURITIUS CO. LTD,SELL,13377000,48.80,-
Markets slump on inflation numbers
The markets ended down on Friday with the Bombay Stock Exchange benchmark Sensex dropping nearly 489 points as the investor sentiments were dampened by fears of a hike in interest rates, following ballooning of inflation.
The three-day long upward march was snapped as the Sensex declined 489.43 points at 15,343.12 on aggressive selling by funds in stocks of capital goods, realty, power, metal, auto, refiners and banking sectors.
The key-index touched the day`s high of 15,896.09 and a low of 15,303.04 points.
The wide-based national stock exchange index nifty dropped by 124.60 points at 4647.00, after touching a high of 4791.70 and a low of 4632.70 points.
HDFC led the drop among lenders on speculation of higher interest costs would stem loan demand. Bharat Heavy Electricals, the nation`s biggest power equipment maker, slumped to a seven-month low after the company said profit growth may slow on higher material costs.
Record raw-material prices has jacked up inflation, prompting the government to impose price controls and curb exports of essential commodities.
Capital goods sector index suffered the most by dropping 594.38 points at 12,620.35 followed by oil and gas by 249.24 points at 10,282.64. Bank index by 230.66 points at 7589.96, realty index by 176.36 points at 7346.96, metal index by 148.41 at 13,440.35 and PSU index by 171.73 points at 7175.05.
As the selling pressure spread over a wide-front, SmallCap index lost 125.30 points at 7715.99 and MidCap index by 124.38 points at 6262.95.
Panic selling halts resurgence
Panic selling in noon trades triggered a major correction, after the market had witnessed gains of over 60 points in early trades. Continuing with buoyancy, the Sensex resumed with a huge positive gap of 63 points at 15,896. While the market stood firm thereafter, a sudden spurt in selling activity particularly in capital goods, banking, power and technology sectors dragged the index below 15,400 level to the day's low of 15,303. The Sensex finally wrapped the session with losses of 3.06% or 484 points at 15,349, while the Nifty dropped 2.68% or 125 points to close at 4,647.
Although the market fell sharply, market breadth was extremely negative. Of the 2,695 stocks traded on the Bombay Stock Exchange (BSE), 1,823 stocks declined, 809 stocks advanced and 63 stocks ended unchanged. All the indices ended at lower levels. The BSE Bankex led the slump with losses of 4.33% followed by the BSE Bankex index (down 2.93%), the BSE Power index (down 2.81%), the BSE Teck index (down 2.58%). The BSE Auto, FMCG, Oil & Gas, IT, PSU and Realty indices were also down by 2%, while the BSE HC and BSE CD were marginally down.
Sensex led CG pivotals came under sharp hammering. Crompton Greaves tumbled 7.61% at Rs237.80, Alstom Project declined 7.59% at Rs568.30, BHEL moved down 6.89% at Rs1,634, Larsen & Toubro lost 5.74% at Rs2,686 and Praj Industries declined 5.71% at Rs132.20. Among the major losers, HDFC crashed 6.83% at Rs2,275, Mahindra & Mahindra dropped 6% at Rs605.15, Jaiprakash Associates slipped by 5.21% at Rs221.25, Wipro dipped by 4.53% at Rs415.60, Bharti Airtel slumped 4.53% at Rs783.85, ITC fell by 3.46% at Rs200.80 and ICICI Bank was down 3.07% at Rs763.70. Maruti Suzuki, RIL, Cipla and HDFC Bank shed between 2-3% each.
Select index heavyweights bucked the downtrend and ended with decent gains. Ranbaxy Laboratories rose 2.55% at Rs458.25, while Tata Steel flared up 0.17% at Rs660.70. While Hero Honda added 1.25% at Rs758.20, MRF moved up by 1.13% at Rs3,938 and Dabur India added 0.34% at Rs104.65.
Over 2.15 crore Ispat Industries shares changed hands on the BSE followed by Tulsi Extrusion (1.54 crore shares), RNRL (1.47 crore shares), RPL (1.45 crore shares) and IB Securities (0.95 lakh shares).
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