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Recommendations
Wednesday, April 23, 2008
Morning Call - Apr 23 2008
Market Grape Wine :
In House :
Nifty at a supp at of 5010 and 4955 with a resist 5095 and 5145
Cash:
Buy: ACC above 823 tgt of 845 with a SL of 812
Buy: PUNJLLOYD above 358 tgt of 370 with a SL of 354
F&O
Buy: UNITECH above 277 tgt of 295 with a SL of 270
Sell: TISCO below 777 tgt of 753 with a Sl 783
Out House :
Markets at a support of 16546 & 16651 and resistance at 16868 & 16996 levels .
Buy : RPL & EssarOil
Buy : RIL
Buy : Bhel & Beml
Buy : IOLN
Buy : Centextile & SKumar
Buy : GujNRE
Buy : Kotak & SBIN
Buy : Kohinoor & Ibullreal
Buy : HDIL & IBulls
Dark Horse : Kotak , ITC , ZEE , IOLN , RIL , HDIL & RPL
Bullet of the day RNRL
Trading Calls - Apr 23 2008
Nifty5049, S 4970, R 5130
Buy Adlabs (727) SL 719 Tgt 742, 747
Buy Idea (109) SL 105 Tgt 115, 117
Buy RPL (192) SL 188 Tgt 199, 201
Sell TCS (887) SL 895 Tgt 872, 867
Sell Tata Tea (868) SL 875 Tgt 855, 850
Oil on boil...but bulls hope to travel!
He who would travel happily must travel light.
The bulls may like to continue their northward journey notwithstanding the skyrocketing crude prices and rising inflation. Sooner than later, these things will return to wipe away some of the recent gains. It pays to keep your portfolio light for the short to medium term.
On the eve of the F&O expiry, heavyweights could swing wildly. The indices may open flat to positive and thereafter move to the global beats. Pressure is likely to set in after days of gains. Bulls are showing signs of fatigue.
Among the results today include: Container Corp, Educomp Solution, Indian Bank, Assam Petrochem, Oriental Bank, Polaris Software, Bajaj Hindustan, Simplex Trading, Supreme Petroch, Asian Oilfield, Shakti Pumps, Gati and Everest Inds.
The US indices weakened due to the flaring oil prices which hit close to US$120. On the contrary, Asian stocks gained, led by commodities companies, after oil and metals prices climbed. US light crude oil for May delivery rose $1.89 to close at a new high of $119.37 a barrel on the New York Mercantile Exchange. Oil had hit an all-time trading high of $119.90 a barrel in the day.
Nifty (April) futures turned into a discount of 6 points from a premium of 6 points and around 11 lakh shares were added in open interest. Total open interest in the market was Rs.72, 801.crore and Rs.2197.crore was added in open interest.
The FIIs turned to net buyers at Rs.2.55bn in Index Future and by Rs2.30bn in index options. They were net buyers of Rs480mn in Single Stock Future. In the cash segment provisional figures show FIIs were net buyer at Rs2.92bn and DIIs were net sellers at Rs1.19bn.
The Dow Jones lost around 105 points. The broader Standard & Poor's 500 (SPX) index fell 0.9%. The Nasdaq composite fell 1.3%. The dollar slipped to a new record low against the euro and also fell against the yen.
Yahoo reported sales and earnings that beat estimates. AT&T reported quarterly sales and earnings that were in line with expectations. Housing. March existing-home sales fell 2% to a 4.93 million annualized rate from the previous reading of 5.03 million.
Consolidation to continue
It was sixth straight trading session for the Indian bourses; however, the session was lackluster and struggled to find any specific direction. After trading in a range for most part of the day, key indices slightly gained momentum led by index heavyweights like BHEL, JP Associates, HDFC and DLF. Finally, the BSE benchmark Sensex ended 44 points higher to close at 16,783 and the Nifty index ended 12 points higher to 4,049.
Overall about 1,569 stocks advanced; 1,127 stocks declined while 62 stocks remained unchanged. Among the 50-Nifty 29 stocks ended in green and 21 stocks ended in red.
Among the BSE Sectoral indices, BSE Realty index (up 3%), BSE Metal index (up 2.07%), BSWE Capital Good index (up 1.90%) and BSE Bankex index (up 1.59%). On the other hand, BSE IT index (down 4.3%) and BSE Teck index (down 2.40%).
TCS dropped by over 10.5% to Rs887, the most since its August 2004 debut as company reported the slowest profit growth in 12 quarter. Further on there were also reports stating that Chilean Government canceled US$70mn contract awarded to the company. The scrip touched an intra-day high of Rs980 and a low of Rs881 and recorded volumes of over 8, 00, 000 shares on BSE.
Satyam Computer fell by 5% to Rs435. Reports said that the company acquired the engineering giant Caterpillar’s market research and customer analytics arm for US$60mn. The scrip touched an intra-day high of Rs458 and a low of Rs432 and recorded volumes of over 7, 50, 000 shares on BSE.
GVK Power was marginally up by half a percent to Rs45 after the company announced its full year results with FY08 profit at Rs908.50mn (up 511.7%) and at Rs1.17bn (up 178.5%). The scrip touched an intra-day high of Rs53 and a low of Rs44 and recorded volumes of over 41,00,000 shares on BSE.
Heavyweight BHEL gained by over 5.5% to Rs1871 after reports stated that the company would tie up with private firms for Assam project. The scrip touched an intra-day high of Rs1885 and a low of Rs1755 and recorded volumes of over 6,00,000 shares on BSE.
IOB rose by over a percent to Rs144 after the company raised rates on new sub-PLR loans by more than 50 basis points. The scrip touched an intra-day high of Rs145 and a low of Rs139 and recorded volumes of over 40, 000 shares on BSE.
Karnataka Bank surged by 3% to Rs116. Reports said that RBI rejected the Bank’s plan to rope in IFC as an equity investor through a preferential allotment of shares. The scrip touched an intra-day high of Rs117 and a low of Rs112 and recorded volumes of over 10, 00, 000 shares on BSE.
ICICI Bank gained by over 2% to Rs882. According to reports, the bank raised automobile loan rates by 0.75% from first week of April. The scrip touched an intra-day high of Rs888 and a low of Rs852 and recorded volumes of over 9, 00, 000 shares on BSE.
Praj Industries edged higher by half a percent to Rs175. The company opened an R&D facility in Pune, said reports. The scrip touched an intra-day high of Rs178 and a low of Rs168 and recorded volumes of over 11,00,000 shares on BSE.
L&T gained by over 2.5% to Rs2920 as the company on Monday announced that they would develop an integrated commercial complex in Navi Mumbai, on 40 acres at a cost of Rs35bn. The scrip touched an intra-day high of Rs2928 and a low of Rs2811 and recorded volumes of over 3,00,000 shares on BSE.
Corporate News
- Delhi High Court restrained Cipla from exporting anti-cancer drug Tarceva to countries where Swiss company Hoffmann La Roche holds a patent registration for it. (BS)
- Reliance Retail forms 49:51 JV with US based stationary retailer Office Depot. (Mint)
- Accenture says it had no cancellations or deferrals of orders. (Mint)
- Accenture to raise the headcount in India to 50,000 in a year from 37,000 now in the financial year ending August 31, 2008. (FE)
- RPL plans setting up greenfield unit in Kuwait. (BS)
- FIPB rejects Future Ventures’ FDI proposal in multi-brand retailing. (BS)
- Eveready and Phoenix Lamps terminate the distribution and dual brand agreement. (BL)
- Reliance Power to expedite hydropower projects; will invest Rs105bn in three years for 2100 MW. (BL)
- Indiabulls Real Estate acquires 134 acres of land in Dombivli belonging to automaker PAL-Peugeot for Rs6.76bn. (ET)
- AT&T is in talks with Malaysia’s Maxis Communications to buy out its 74% stake in Aircel. (ET)
- Ranbaxy Labs enters into strategic alliance with Orchid Chemical for finished dosage forms and active pharmaceutical ingredients (API) for several products. (ET)
- The National Pharmaceutical Pricing Authority (NPPA) asks state governments to initiate prosecution proceedings against Alembic, Cadila, Wockhardt, Lupin and Medley for allegedly selling select brands without getting price approvals. (ET)
- Deccan Aviation to raise Rs10bn as debt from financial institutions. (ET)
- SAIL, Tata Steel to hold steel prices for a few months. (ET)
- Idea Cellular may sell its 16% stake in Indus Towers in December. (DNA)
Market running out of steam
Equity benchmarks extended their gains to the sixth consecutive session on Tuesday, but the rally appeared to be running out of steam. With quarterly corporate earnings broadly falling short of consensus estimates, market watchers expect institutional buying interest to wane, pushing the indices back into a narrow trading range.
The 30-share Sensex closed at 16,783.87, a gain of 44.54 points, or 0.3%, over the previous close. The barometer fell to an intra-day low of 16,597.53, but recovered on the back of a similar trend in key Asian markets. European markets, which opened after the close of trading in India, were firm in early trades.
China, Hong Kong and Singapore closed with small gains, after having started on a sluggish note due to disappointing numbers from Bank of America. With Tuesday’s gains, the Sensex has gained nearly 1,000 points in the last six sessions. But in the absence of any positive trigger, players feel the bulls could be on the back foot in the short term.
The 50-share Nifty rose 12.30 points, or 0.2%, to close at 5,049.30. IT stocks fell out of favour following lacklustre quarterly numbers from TCS announced late evening on Monday. TCS itself bore the brunt, shedding 11% over its previous close, while other stalwarts like Wipro and Infosys too were down 5% each.
Buyers, however, continued to place their faith in infrastructure, cement, banking and real estate shares. Among Sensex stocks, BHEL, Jaiprakash Associates, DLF and HDFC were among the best performers.
The immediate near term trigger for the market is the expiry of the current month derivative contracts. According to Ankur Agarwala of IDBI Capital, the Nifty is expected to see an expiry of above 5,100. “The rally post expiry is expected to continue till 5,280,” he says.
“We could see lot of stock specific action due to various factors in play like inflation, RBI policy, crude oil prices among others. There is bullish trend in stocks like ONGC, SBI, RIL, RPL and NTPC,” he adds.On the downside, he expects 4,880 to be a strong support level for the Nifty.
NSE Bulk Deals to Watch - Apr 22 2008
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
22-APR-2008,IFCI,IFCI Ltd.,LATIN MANHARLAL SECURITIES PVT. LTD.,BUY,3951210,55.58,-
22-APR-2008,IFCI,IFCI Ltd.,PRASHANT JAYANTILAL PATEL,BUY,5215926,56.40,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,AMBIT SECURITIES BROKING PVT. LTD.,BUY,113547,174.61,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,BUY,132899,169.30,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,B K SHAH CO KETAN BHAILAL SHAH,BUY,203686,182.74,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,DINESH MUNJAL,BUY,209436,170.37,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,FIN BRAINS SECURITIES (INDIA) LTD.,BUY,123137,177.24,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,G RAMAKRISHNA,BUY,84298,171.29,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,KAKANI OMPRAKASH,BUY,95879,171.16,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,KASHISH FINSTOCK,BUY,224807,172.47,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,KHANDWALA TRADELINK CO,BUY,105739,166.68,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,MANIPUT INVESTMENTS PVT LTD,BUY,139753,172.82,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,MANSUKH SECURITIES & FINANCE LTD,BUY,278721,171.56,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,PRASHANT JAYANTILAL PATEL,BUY,478427,173.96,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,R APPALA RAJU,BUY,112000,174.86,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,R.M. SHARE TRADING PVT LTD,BUY,289151,177.42,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,SANJAY BHANWARLAL JAIN,BUY,216829,176.25,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,SMC GLOBAL SECURITIES LTD.,BUY,133811,171.14,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,SURESH U.TREVADIA,BUY,409190,171.28,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,TASNEEM K. MASTER,BUY,106143,182.73,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,TRANSGLOBAL SECURITIES LTD.,BUY,118229,171.58,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,VAIBHAV DOSHI,BUY,129256,164.58,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,VICKY RAJESH JHAVERI ,BUY,103684,167.33,-
22-APR-2008,MMFL,MM Forgings Ltd.,ANIL KUMAR GOEL,BUY,33981,124.97,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,394332,254.90,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,GENUINE STOCK BROKERS PVT LTD,BUY,496114,252.68,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,P R B SECURITIES PRIVATE LTD,BUY,1002990,256.37,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,PRASHANT JAYANTILAL PATEL,BUY,891991,256.33,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,SANJAY BHANWARLAL JAIN,BUY,420763,257.86,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,SURESH U.TREVADIA,BUY,397440,254.09,-
22-APR-2008,PANACEABIO,Panacea Biotec Ltd.,SOMERSET EMERGING OPPORTUNITIES FUND,BUY,350000,391.00,-
22-APR-2008,SASKEN,Sasken Commu Techno Ltd,A K G SECURITIES AND CONSULTANCY LTD.,BUY,158746,206.71,-
22-APR-2008,SASKEN,Sasken Commu Techno Ltd,C D INTEGRATED SERVICES LTD,BUY,192229,201.58,-
22-APR-2008,SASKEN,Sasken Commu Techno Ltd,DINESH MUNJAL,BUY,148856,202.70,-
22-APR-2008,SASKEN,Sasken Commu Techno Ltd,MANSUKH SECURITIES & FINANCE LTD,BUY,247535,206.16,-
22-APR-2008,SASKEN,Sasken Commu Techno Ltd,P R B SECURITIES PRIVATE LTD,BUY,406225,209.88,-
22-APR-2008,SITASHREE,Sita Shree Food Products,ADROIT FINANCIAL SERVICES PVT LTD,BUY,217467,59.30,-
22-APR-2008,SITASHREE,Sita Shree Food Products,ASSET ALLIANCE SECURITIES PVT. LTD.,BUY,135879,59.12,-
22-APR-2008,SITASHREE,Sita Shree Food Products,RUPESH KIRIT DALAL,BUY,248575,59.34,-
22-APR-2008,SITASHREE,Sita Shree Food Products,SHRI VIDYASAGAR INVESTMENT ARPIT PATODI,BUY,114666,59.73,-
22-APR-2008,SITASHREE,Sita Shree Food Products,TRANSGLOBAL SECURITIES LTD.,BUY,132656,59.32,-
22-APR-2008,IFCI,IFCI Ltd.,LATIN MANHARLAL SECURITIES PVT. LTD.,SELL,4026210,55.65,-
22-APR-2008,IFCI,IFCI Ltd.,PRASHANT JAYANTILAL PATEL,SELL,4874830,56.32,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,AMBIT SECURITIES BROKING PVT. LTD.,SELL,113547,174.89,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,SELL,127892,170.13,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,B K SHAH CO KETAN BHAILAL SHAH,SELL,203683,184.49,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,DINESH MUNJAL,SELL,209436,170.54,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,FIN BRAINS SECURITIES (INDIA) LTD.,SELL,123137,177.31,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,G RAMAKRISHNA,SELL,84298,173.90,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,KAKANI OMPRAKASH,SELL,95879,171.76,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,KASHISH FINSTOCK,SELL,224807,172.51,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,KHANDWALA TRADELINK CO,SELL,185147,164.93,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,MANIPUT INVESTMENTS PVT LTD,SELL,139753,173.10,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,MANSUKH SECURITIES & FINANCE LTD,SELL,278721,171.99,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,PRASHANT JAYANTILAL PATEL,SELL,478427,174.03,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,PRIYAL INTERNATIONAL PVT LTD,SELL,100025,172.02,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,R APPALA RAJU,SELL,112000,176.48,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,R.M. SHARE TRADING PVT LTD,SELL,289151,178.73,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,SANJAY BHANWARLAL JAIN,SELL,216829,176.26,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,SMC GLOBAL SECURITIES LTD.,SELL,133811,171.70,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,SURESH U.TREVADIA,SELL,409190,171.70,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,TASNEEM K. MASTER,SELL,106143,182.89,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,TRANSGLOBAL SECURITIES LTD.,SELL,118229,172.95,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,UNIPON INDIA LTD,SELL,75000,170.00,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,VAIBHAV DOSHI,SELL,129256,166.31,-
22-APR-2008,KIRIDYES,Kiri Dyes and Chemicals L,VICKY RAJESH JHAVERI ,SELL,103684,171.26,-
22-APR-2008,MMFL,MM Forgings Ltd.,SUNDARAM MF A/C SUNDARAM SMILE FUND,SELL,34000,124.97,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,384833,255.59,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,GENUINE STOCK BROKERS PVT LTD,SELL,496114,252.92,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,MACQUARIE BANK LIMITED,SELL,1197056,247.50,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,P R B SECURITIES PRIVATE LTD,SELL,1002801,256.87,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,PRASHANT JAYANTILAL PATEL,SELL,891991,256.24,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,SANJAY BHANWARLAL JAIN,SELL,420763,258.09,-
22-APR-2008,ORCHIDCHEM,Orchid Chemicals Ltd.,SURESH U.TREVADIA,SELL,397640,254.09,-
22-APR-2008,PANACEABIO,Panacea Biotec Ltd.,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,SELL,368000,391.00,-
22-APR-2008,SASKEN,Sasken Commu Techno Ltd,A K G SECURITIES AND CONSULTANCY LTD.,SELL,155446,206.11,-
22-APR-2008,SASKEN,Sasken Commu Techno Ltd,C D INTEGRATED SERVICES LTD,SELL,192229,201.84,-
22-APR-2008,SASKEN,Sasken Commu Techno Ltd,DINESH MUNJAL,SELL,148856,203.51,-
22-APR-2008,SASKEN,Sasken Commu Techno Ltd,MANSUKH SECURITIES & FINANCE LTD,SELL,248037,205.62,-
22-APR-2008,SASKEN,Sasken Commu Techno Ltd,P R B SECURITIES PRIVATE LTD,SELL,406225,210.25,-
22-APR-2008,SITASHREE,Sita Shree Food Products,ADROIT FINANCIAL SERVICES PVT LTD,SELL,217467,59.40,-
22-APR-2008,SITASHREE,Sita Shree Food Products,ASSET ALLIANCE SECURITIES PVT. LTD.,SELL,135879,58.99,-
22-APR-2008,SITASHREE,Sita Shree Food Products,MANOJ NANDKISHOR TEKRIWAL,SELL,148000,59.00,-
22-APR-2008,SITASHREE,Sita Shree Food Products,RUPESH KIRIT DALAL,SELL,248575,59.51,-
22-APR-2008,SITASHREE,Sita Shree Food Products,SHRI VIDYASAGAR INVESTMENT ARPIT PATODI,SELL,125066,58.88,-
22-APR-2008,SITASHREE,Sita Shree Food Products,TRANSGLOBAL SECURITIES LTD.,SELL,137656,59.37,-
BSE Bulk Deals to Watch - Apr 22 2008
Deal Date Scrip Code Scrip Name Client Name Deal Type * Quantity Price **
22/4/2008 531223 ANJANI SYNTH ANKIT NARENDRA BAHUVA B 72288 32.94
22/4/2008 531223 ANJANI SYNTH ANKIT NARENDRA BAHUVA S 82288 32.35
22/4/2008 513142 BALASORE ALL JMP SECURITIES PVT. LTD. B 293097 60.64
22/4/2008 513142 BALASORE ALL JMP SECURITIES PVT. LTD. S 295287 61.39
22/4/2008 532946 BANG CHANDRA FINANCIAL SERVICES PVT. LTD. S 69778 193.58
22/4/2008 512624 CHANDRIK TRA SECUROCROP SECURITIES INDIA PRIVATE LIMITED B 100000 3.50
22/4/2008 532271 CYBERMAT INF EDELWEISS ESTATES PRIVATE LIMITED B 591031 7.00
22/4/2008 532271 CYBERMAT INF EDELWEISS ESTATES PRIVATE LIMITED S 581565 7.01
22/4/2008 530959 DIANA TEA CO BLUEBERRY TRADING CO.PVT.LTD. B 300000 15.41
22/4/2008 517973 DMC INTER J.A.FINANCIAL AND MANAGEMENT CONSULTANTS PVT LTD B 20000 14.65
22/4/2008 517973 DMC INTER HITECH COMPUTECH PRIVATE LTD S 35000 14.61
22/4/2008 531595 DOVER SECURT JIGYASA PROPERTIES PVT LTD B 50300 280.94
22/4/2008 530701 GOMTI FINLEA BADRIVISHAL KASHIPRASAD RUNGTA B 22000 3.58
22/4/2008 530701 GOMTI FINLEA SARAF AJAY R. B 24000 3.62
22/4/2008 530655 GOOD LUCK ST BIHAR STRIPS PRIVATE LIMITED S 30000 184.49
22/4/2008 511682 IFL PRMOTER J.A.FINANCIAL AND MANAGEMENT CONSULTANTS PVT LTD B 17500 28.94
22/4/2008 532283 KASHYAP TEC OM EDUCATION IT PVT LTD B 1801981 2.01
22/4/2008 532283 KASHYAP TEC OM EDUCATION IT PVT LTD S 2551981 2.04
22/4/2008 532967 KIRI DYES EUREKA STOCK AND SHARE BROKING SERVICES LTD. B 77381 178.89
22/4/2008 532967 KIRI DYES MANSUKH STOCK BROKERS LIMITED B 295650 169.70
22/4/2008 532967 KIRI DYES B K SHAH CO B 191226 180.86
22/4/2008 532967 KIRI DYES EUREKA STOCK AND SHARE BROKING SERVICES LTD. S 77381 178.25
22/4/2008 532967 KIRI DYES MANSUKH STOCK BROKERS LIMITED S 295650 169.40
22/4/2008 532967 KIRI DYES B K SHAH CO S 182225 180.57
22/4/2008 531261 KUSHAGRA SO KKS BUILDERS PRIVATE LTD. S 233601 9.34
22/4/2008 524764 NUTRAPLUS PR ARVIND KANJI CHHEDA S 25000 12.36
22/4/2008 524372 ORCHID CHEM CHANDARANA INTERMEDIARIES BROKERS P. LTD B 430895 253.65
22/4/2008 524372 ORCHID CHEM MARWADI SHARES AND FINANCE LIMITED B 389691 253.00
22/4/2008 524372 ORCHID CHEM LATIN MANHARLAL SEC PVT LTD B 474581 254.14
22/4/2008 524372 ORCHID CHEM CHANDARANA INTERMEDIARIES BROKERS P. LTD S 391044 254.20
22/4/2008 524372 ORCHID CHEM MARWADI SHARES AND FINANCE LIMITED S 364296 253.37
22/4/2008 524372 ORCHID CHEM LATIN MANHARLAL SEC PVT LTD S 474581 254.73
22/4/2008 524372 ORCHID CHEM MACQUARIE BANK LIMITED S 680000 249.22
22/4/2008 531273 RADHE DEVELO SHAH SAMIR D. B 70000 101.48
22/4/2008 531324 ROSELABS FIN S L TRADES AND FINANCE I PVT B 100000 10.99
22/4/2008 526365 SHYAM STAR MATHURBHAI GAGJIBHAI JIVANY S 102709 106.00
22/4/2008 532961 SITA SHREE ASSET ALLIANCE SEC PVT LTD B 191314 58.95
22/4/2008 532961 SITA SHREE N D NISSAR B 138372 59.22
22/4/2008 532961 SITA SHREE ASSET ALLIANCE SEC PVT LTD S 191314 59.09
22/4/2008 532961 SITA SHREE N D NISSAR S 138372 59.28
22/4/2008 532961 SITA SHREE MANOJ NANDKISHOR TEKRIWAL S 152000 59.01
Tuesday, April 22, 2008
Volatile market ends buoyant
The market wiped out losses of over 141 points incurred in the first half after a strong bout of buying led by realty and capital goods stocks triggered wide-spread buying in the market. In a highly volatile trading session, the Sensex had opened 52 points lower at 16687 following weakness in Asian indices and crashed to the day's low of 16598 on relentless selling. The market was on a recovery path thereafter. The Sensex witnessed a sharp turnaround in the afternoon as gains in heavyweights propelled it to an intra-day high of 16584. After gyrating 259 points during intra-day trades, the Sensex gained 45 points to close at 16784 whereas the Nifty ended 12 points higher at 5049.
The market breadth ended positive. Of the 2,758 stocks traded on the BSE 1,569 stocks advanced, 1,128 stocks declined and 61 stocks ended unchanged. Except the BSE IT, Teck, Oil& Gas and Auto indices the rest of the sectoral indices ended in positive territory. The BSE Realty index led the pack and gained 3.00% at 7906 followed by the BSE Metal index (up 2.07% at 15529) and the BSE CG index (up 1.90% at 13929).
BHEL was the star performer amongst the heavyweights and the stock soared 5.55% to Rs1,871.80. Among the other major gainers, Jaiprakash Associates advanced 5.41% to Rs245.65, HDFC jumped 3.73% to Rs2,576.75, DLF rose 3.55% to Rs674.40, HDFC Bank moved up by 2.93% to Rs1,487.65, Larsen & Toubro advanced 2.64% to Rs2,920.55 and ACC added 2.39% to Rs819.45. However, TCS, Wipro and Satyam moved down sharply.
Realty stocks were in demand and scaled higher. Ansal Infrastructure soared 9.38% to Rs163.90, Akruti City flared up 8.09% to Rs1,090.10, Puravankara added 6.05% to Rs277, Unitech gained 4.72% to Rs280.50 and Penland was up 4.71% to Rs107.85. In the metal pack, Ispat zoomed 8.10% to Rs36.70, Jindal Steel shot up by 6.25% to Rs2,254.85, JSW Steel rose 5.26% to Rs877.55 and Nalco gained 3.87% to Rs452.80.
Over 3.45 crore IFCI shares changed hands on the BSE followed by Ispat (3.29 crore shares), RNRL (2.72 crore shares), Tata Teleservices (1.43 crore shares) and Orchid Chemicals (1.39 crore shares).
Sixth straight day of gains
The market extend its rally for sixth straight session today led by real estate, cement and infrastructure stocks. However, IT shares faltered after TCS’ earnings disappointed. The market breadth was positive. Recovery in some Asian markets triggered a sharp pull-back from day’s lows in afternoon trade.
Asian markets, which opened before Indian market, were in the red at the onset of the trading session after disappointing results posted by Bank of America Corp, the largest US retail bank, kept concerns about the fallout of the global credit crisis alive. However, markets in Hong Kong, China and Singapore recovered later. European markets, which opened after Indian markets, were in green.
The 30-share BSE Sensex rose 44.54 points or 0.27% at 16,783.87. Sensex gained 114.63 points at day’s high of 16,853.96 hit in early-afternoon trade. It opened with 52.78 points lower at 16,686.55 and slipped further to touch a low of 16,597.53 in early trade. At the day’s low, the Sensex lost 141.80 points.
The broader based S&P CNX Nifty was up 12.30 points or 0.24% at 5,049.30. Nifty April 2008 futures were at 5048, a slight discount of 1.30 points as compared to spot closing.
Market may turn volatile in coming days ahead of the expiry of April 2008 derivative series on Thursday, 24 April 2008. As per reports, Nifty rollover from April 2008 series to May 2008 series stood at 34% while marketwide rollover was 15%, as on Monday, 21 April 2008.
Indian stock market posted gains for the sixth straight session today, 22 April 2008, primarily due to healthy earnings and firm global markets. The 30-share BSE Sensex has gained 1088.77 points or 6.94% in six trading sessions from 15,695.10 on 10 March 2008. From a low of 14,809.49 on 17 March 2008, Sensex has advanced 1974.38 points or 13.33%.
The BSE Mid-Cap index was up 0.78% to 7,037.62 and the BSE Small-Cap index advanced 0.52% to 8,798.08. Both these indices outperformed the Sensex.
The market breadth was positive on BSE with 1563 shares advancing as compared to 1127 that declined. 57 remained unchanged.
The total turnover on BSE amounted to Rs 6,125 crore as compared to Rs 5,883.10 crore yesterday, 21 April 2008. Turnover in NSE’s futures & options segment amounted to Rs 51643.74 crore as compared to Rs 40635.23 crore yesterday, 21 April 2008
Sectoral indices on BSE displayed mixed trend. The BSE Bankex (up 1.59% at 8,716.83), the BSE Health Care index (up 0.74% at 4,192.26), the BSE Metal index (up 2.07% to 15,529.38), the BSE Capital Goods index (up 1.90% at 13,928.71), the BSE FMCG index (up 0.63% at 2,380.94), the BSE Realty index (up 3% at 7,906.14), the BSE Power (up 1.12% to 3,318.13), the BSE Consumer Durables index (up 1.75% to 4,432.75), and the BSE PSU index (up 0.87% to 7,967.56), outperformed the Sensex
The BSE IT index (down 4.32% to 3,930.47), the BSE Auto (down 0.04% at 4,546.21), the BSE TecK index (down 2.40% to 3,263.43), and the BSE Oil & Gas index (down 0.34% to 11,477.39), underperformed the Sensex.
Among the Sensex pack, 18 advanced while the rest declined.
IT pivotals tumbled after India’s largest software services exporter TCS was downgraded by foreign brokerages after its earnings disappointed. TCS slumped 10.94% to Rs 884 on 8 lakh shares after the company reported 5.95% fall in net profit to Rs 1108.81 crore on 2.23% rise in net sales to Rs 4942.49 crore in Q4 March 2008 over Q3 December 2007. The results were announced after trading hours on Monday, 21 April 2008. It was the top loser from Sensex pack.
Other IT pivotals were not spared either. Infosys (down 2.42% to Rs 1605.30), Wipro (down 4.11% to Rs 435), and Satyam Computer Services (down 5.44% to Rs 434), slipped
India’s largest private sector company in terms of market capitalisation and oil refiner Reliance Industries was down 1.55% of Rs 2601.30 despite posting 24% rise in net profit to Rs 3912 crore on 36.27growth in total income to Rs 37575 crore in Q4 March 2008 over Q4 March 2007. Reliance Industries (RIL)’s gross refining margin (GRM) increased to $15.5 per barrel in Q4 March 2008 as compared to $13 a barrel in Q4 March 2007. The company announced the results after trading hours on Monday, 21 April 2008.
India’s top pharma company in terms of sales, Ranbaxy Laboratories slipped 2.80% to Rs 485 after the company entered into strategic business alliance with Orchid Chemicals & Pharmaceuticals involving multiple geographies and therapies for both finished dosage formulations and active pharmaceutical ingredients. Orchid Chemicals & Pharmaceuticals shares slipped 1.44% to Rs 245.80
Grasim (down 1.85% to Rs 2595), and Mahindra & Mahindra (down 1.59% to Rs 629.05), edged lower from Sensex pack.
India’s biggest dam builder Jaiprakash Associates surged 6% to Rs 247 on 51.36 lakh shares. It was the top gainer from Sensex pack
Bharat Heavy Electricals, the country’s largest state run engineering company in terms of outstanding order book position gained 5.84% to Rs 1877 on reports the company has won orders worth around Rs 2030 crore for supply and installation of the main plan package at Nabinagar thermal power plant project in Bihar.
Oil and Natural Gas Corporation, the country's largest oil exploration company in terms of market capitalisation, rose 2.06% to Rs 1051 despite the Income Tax department slapping a Rs 1,768.49 crore claim on the company for giving discounts on crude to public sector oilmarketing companies under orders from the government.
Shares from real estate sector advanced on fresh buying. DLF (up 3.49% to Rs 674), Indiabulls Real Estate (up 1.67% to Rs 503.90), Unitech (up 4.91% to Rs 280.90), Purvankara Projects (up 6.05% to Rs 277), and Ansal Infrastructures (up 10.56% to Rs 165.60), also surged.
Cement shares gained after UltraTech Cement reported good Q4 results during trading hours. UltraTech Cement Company jumped 6.20% to Rs 820. ACC (up 2.46% to Rs 820), Binani Cement (up 5.58% to Rs 86.05), India Cements (up 3.35% to Rs 193), advanced
However, UltraTech Cement said at the time of announcing the Q4 results that continuous government intervention to rein in cement prices has resulted in uncertain price environment, which along with significant increase in input costs will have an adverse impact on margins.
HDFC (up 3.86% to Rs 2580), HDFC Bank (up 3.10% to Rs 1490), and Larsen & Toubro (up 2.69% to Rs 2922) edged higher from Sensex pack.
Kiri Dyes and Chemicals settled with 5.7% premium on debut at Rs 158.55 on BSE compared to IPO price of Rs 150. The stock debuted at Rs 151 a premium of 0.06% over initial price offer (IPO) of Rs 150. On BSE, 35.10 lakh shares were traded in the counter.
Among the stocks with high volumes, IFCI surged 17.70% to Rs 59.85 on 3.45 crore shares. Reliance Natural Resources gained 7.02% to Rs 118.20 on 2.71 crore shares. Ispat Industries advanced 8.10% to Rs 36.70 on 3.27 crore shares. Tata Teleservices (Maharashtra) gained 6.91% to Rs 36.35 on 1.43 crore shares. Nagarjuna Fertilisers & Chemicals rose 2.55% to Rs 50.25 on 93 lakh shares.
Orchid Chemicals topped the turnover charts on BSE clocking turnover of Rs 355.30 crore followed by Reliance Natural Resources (Rs 314 crore), Reliance Industries (Rs 220.70 crore), Kiri Dyes (Rs 212.70 crore) and IFCI (Rs 193.50 crore) in that order.
PSL gained 3.12% to Rs 316 after the company said it has secured two orders worth Rs 1,225 crore from Larsen & Toubro and HPCL-Mittal for laying pipelines.
Everest Kanto Cylinder gained 1.87% to Rs 307.70 after the company said it has successfully completed the acquisition of all the assets of CP Industries, Inc. United States for $66.3 million.
Shyam Telecom jumped 10% to Rs 109.45 on reports it is in advanced talks with Reliance Telecom Infrastructure, for first active infrastructure sharing arrangement in the country.
United Spirits declined 5.18% to Rs 1,665 even as the company reported 21.7% rise in net profit to Rs 65.11 crore in on 16.5% rise in net sales to Rs 758.98 crore in Q4 March 2008 over Q4 March 2007. The company announced the results after trading hours on 21 April 2008.
Escorts rose 5.3% to Rs 104.40 on reporting 44.3% rise in net profit to Rs 9.68 crore inon 7.4% decline in net sales to Rs 531.47 crore in Q2 March 2008 over Q2 March 2007
Key European markets, which opened after Indian markets were trading higher. Indices from United Kingdom (up 0.20% to 6,064.90), France (up 0.28% to 4,924.01), and Germany (up 0.32% to 6,80834) rose.
Asia markets were mixed. Japan's Nikkei (down 1.09% at 13,547.80), Taiwan's Taiwan Weighted (down 0.51% at 9,037.25), and South Korea's Seoul Composite (down 0.72% at 1,788.06), edged lower. However, Shanghai Composite (up 0.99% to 3,147.33), Hong Kong's Hang Seng (up 0.88% at 24,939.45), and Singapore's Straits Times (up 0.51% at 3,187.23) gained
US markets ended mixed yesterday, 21 April 2008, as quarterly results from Bank of America fueled worries about bank earnings, while energy and tech stocks gained. The Dow Jones industrial average slipped 24.34 points, or 0.19%, to 12,825.02. The Standard & Poor's 500 index fell 2.16 points, or 0.16%, to 1,388.17, while the Nasdaq composite index gained 5.07 points, or 0.21%, to 2,408.04.
New York's main crude oil futures contract, light sweet crude, fell 5 cents to $117.43 per barrel in Asian trading today, 22 April 2008. The benchmark contract had struck a new peak in intraday trading of $117.76 before closing at a record $117.48 on Monday, 21 April 2008 at the New York Mercantile Exchange
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