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Tuesday, January 05, 2010
Precious metals kick off New Year with brightness
Prices end higher as dollar slips sharply
Bullion metal prices rose on the first day of trading of FY 2010 on Monday, 04 January 2010. Prices rose as the dollar fell sharply. Upbeat economic reports also helped precious metals shine.
Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of other currencies and also vice versa.
On Monday, gold for February delivery ended at $1,118.3 an ounce, higher by $22.1 (2%) an ounce on the New York Mercantile Exchange. During intra day trading, it rose to a high of $1,124.6.
Gold ended FY 2009 higher by 24%. In 2008, gold prices ended higher by 5.5%.
Last year, after hitting a low at $807.30 per ounce on 15 January 2009, gold futures rallied almost 51% to hit an all-time high at $1217.40 per ounce during early December of 2009 but fell from those levels at the end.
On Monday, March Comex silver futures ended higher by 61.8 cents (3.7%) at $17.463 an ounce.
Silver futures ended 2009 up 50%. Silver futures had hit a low at $10.42 on 15 January, 2009 and hit a high at $19.30 per ounce on 2 December, 2009. Like gold, silver also ended lower than its all time high level.
In the currency market on Monday, the dollar index, which weighs the strength of dollar against the basket of six other currencies fell against almost all the counterparts. The dollar index settled for a loss of 0.5%.
Among economic data expected for the day, The Institute for Supply Management in US reported on Monday, 04 January, 2010 that manufacturing sector in US expanded in December for the fifth straight month. The ISM manufacturing index rose to 55.9% from 53.6% in November. It was the highest since April 2006. Market was expecting a modest gain to 54.2%. Readings over 50% indicate that more manufacturing firms said business was improving than said it was worsening.
At the MCX, gold prices for February delivery closed higher by Rs 97 (0.57%) at Rs 16,830 per ten grams. Prices rose to a high of Rs 16,894 per 10 grams and fell to a low of Rs 16,656 per 10 grams during the day's trading.
At the MCX, silver prices for March delivery closed Rs 410 (1.5%) higher at Rs 27,245/Kg. Prices opened at Rs 26,821/kg and rose to a high of Rs 27,341/Kg during the day's trading.
Crude shoots up
Price crosses $81 for first time in two months
Crude prices ended substantially higher on Monday, 04 January 2010, the first day of trading of FY 2010. Prices rose as the dollar fell sharply. Upbeat economic reports also helped crude oil glide up.
On Monday, crude-oil futures for light sweet crude for February delivery closed at $81.51/barrel (higher by $2.15 or 2.7%). Crude settled above $81 for the first time in two months.
Crude ended FY 2009 higher by 78%, the highest yearly gain since 1999. It reached a high of $82 earlier in October this year and hit a low of $33.98 on 12 February 2009. Oil prices had reached a high of $147 on 11 July, 2008 but have dropped almost 45% since then.
A year before, crude prices had ended FY 2008 lower by 54%, the largest yearly loss since trading began at Nymex.
In the currency market on Monday, the dollar index, which weighs the strength of dollar against the basket of six other currencies fell against almost all the counterparts. The dollar index settled for a loss of 0.5%.
Among economic data expected for the day, The Institute for Supply Management in US reported on Monday, 04 January, 2010 that manufacturing sector in US expanded in December for the fifth straight month. The ISM manufacturing index rose to 55.9% from 53.6% in November. It was the highest since April 2006. Market was expecting a modest gain to 54.2%. Readings over 50% indicate that more manufacturing firms said business was improving than said it was worsening.
Among other energy products on Monday, February gasoline rose 2.5% to $2.1044 a gallon and February heating oil gained 3.5% to $2.1905 a gallon.
Also on Monday, February natural gas rallied 5.6% to $5.884 per million British thermal units. Consumers have been using more natural gas in recent weeks as the cold weather, which could last into February, hit the U.S.
At the MCX, crude oil for January delivery closed higher by Rs 39 (1%) at Rs 3,766/barrel. Natural gas for January delivery closed higher by Rs 9.5 (3.6%) at Rs 270.6/mmbtu.
Monday, January 04, 2010
2010 Top Stock Buys, Dark Horses
2010 Top Stock Buys, Dark Horses
What do the DP Readers suggest ? Read the 2010 Top Stock Picks ONLY HERE
Sensex ends higher on first day of 2010; ACC jumps
The first session of the year 2010 for Sensex ended on a higher note for the second successive day. The upmove was led by auto stocks, which continued to trade higher today on robust auto sales figures for the month of December followed by metal, consumer durables and FMCG stocks except oil & gas. Broader markets outperformed the benchmark index.
It was a cheerful start for the Indian equities and new extended timing. The index opened flat with a gain of 8.64 points, at 17,473.45 on Monday following positive Asian shares. It traded firm on select buying seen in index pivotals in the first half and further gained ground as European market opened positive and intense buying across all the sectors supported the indices to remain positive the entire session amid volatility. Finally, it close in green after touching a high of 17,582.84 and low of 17,378.38.
Secondline stocks traded also higher. BSE Midcap and Smallcap index 1.48% and 1.60% respectively.
On global front, European stocks rose as a report showed Chinese manufacturing grew the most in five years.
Asian stocks rose, extending the MSCI Asia Pacific Index`s biggest annual gain since 2003, after Chinese manufacturing grew and a stronger dollar boosted the outlook for Japanese car and electronics makers.
The Sensex ended the day with a gain of 93.92 points, or 0.54% at 17,558.73 after touching a high of 17,582.84 and a low of 17,378.38. The broad-based NSE Nifty climbed 31.15 points, or 0.60% at 5,232.20 after hitting a high of 5,238.45 and a low of 5,167.10.
Major gainers in the 30-share index were ACC (4.87%), Jaiprakash Associates (4.70%), Mahindra & Mahindra (4.52%), Tata Motors (4.39%), Reliance Capital (3.68%), and Grasim Industries (2.71%).
On the other hand, NTPC (1.65%), Reliance Industries (1.29%), Bharti Airtel (1.16%), Maruti Suzuki India (0.57%), Housing Development Finance Corporation (0.19%), and Hero Honda Motors (0.18%) were the top losers in the Sensex.
Overall market breadth was extremely positive. Out of the total 2,948 stocks traded at BSE, 2,132 advanced, 746 declined while 70 remained unchanged.
On sectoral front, BSE Auto which gained 1.88%, Metal climbed 1.82%, Consumer Durables gained 1.81%, FMCG climbed 1.11%, while BSE Oil & Gas went down 0.21%.
Market kicks off 2010 in style
Today's major news
Reliance Industries sells 2.50 crore treasury shares; the stock ends 1.29% lower
Mahindra & Mahindra total sales jump by 96.7% yoy in December 2009; the stock rises 4.52%
TVS Motors’ total sales increase by 34% yoy in December 2009; the stock jumps 9.59%
Dhampur Sugar Mills to consider fund raising; the stock surges 8.78%
Sanraa Media to consider bonus issue; the stock shoos up 9.09%
Click Here for more stories
Post-market summary
Global signals
European indices started 2010 on a positive note as banks and drug-makers’ scrips rise. At the time of writing this report FTSE 100 was up 0.65%.
Except Straits Times and Hang Seng, all other major Asian indices closed in green. SGX Nifty ended 11 points higher.
US stock futures opens with gain on the first trading day of the year.
Indian indices
The momentum witnessed in 2009 continued on the first trading day of the 2010 as the domestic indices ended the day higher. Despite positive signals from the global markets, the Sensex opened mere 9 points higher. However it gained strength as the session progressed. The low of the day was 17378, while the day’s high was 17558. Healthier auto sales numbers for December drove auto shares, while rising sugar prices sweetened the sugar stocks. The Sensex closed 94 points higher at 17465 and Nifty closed 31 points up at 5232.
Market sentiment
The number of advancing shares was almost thrice that of declining shares. Of the 2,948 stocks traded on the BSE, 2,132 stocks advanced, whereas 764 stocks declined. Seventy stocks closed unchanged
Sectoral & stock screening
Out of the 13 sector indices on the BSE, BSE Oil & Gas was the only index that fell, that also marginally. Among gainers, BSE Auto led the chart with gains of 1.88% followed by BSE Metal that surged 1.82% and BSE CD that rose by 1.81%.
The top three gaining stocks were Rashtriya Chemicals and Fertilisers (up by 11.56%), Chambal Fertilisers (up by 9.93%) and GTL Infrastructure (up by 7.51%). The top three losing stocks were Central bank of India (down by 4.10%), IRB Infrastructure (down by 2.82%) and Torrent Power (down by 2.16%).
Viewing volumes
India’s largest private sector company, Reliance Industries, was the most traded share with over 1.40 crore shares changing hands on the BSE followed by industrial finance company, IFCI (1.10 crore shares), Ispat Industries (1.05 crore shares), wind power major Suzlon Energy (0.65 crore shares), and GTL Infrastructure (0.26 crore shares).
BSE Bulk Deals to Watch - Jan 4 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
4/1/2010 504629 Anil Special SAMTUL INVESTMENTS LTD S 200000 14.50
4/1/2010 503940 Asian Elect SHAH INVESTMENTS FINANCIAL DEV & CON PRIVATE LIMIT S 185000 39.80
4/1/2010 530355 Asian Oilfield SARVAPRATHAM INVESTMENT LIMITED B 153000 65.25
4/1/2010 530355 Asian Oilfield GURJARI FINANCE & LEASING P LT S 163000 65.39
4/1/2010 505029 Atlas Cycle OPG SECURITIES P LTD B 37204 237.12
4/1/2010 505029 Atlas Cycle ANUJ JAIN B 150111 231.42
4/1/2010 505029 Atlas Cycle MANSUKH STOCKS BROKERS LTD. B 20973 233.87
4/1/2010 505029 Atlas Cycle ANAND KUMAR B 23582 236.50
4/1/2010 505029 Atlas Cycle OPG SECURITIES P LTD S 37204 236.62
4/1/2010 505029 Atlas Cycle ANUJ JAIN S 150111 229.57
4/1/2010 505029 Atlas Cycle MANSUKH STOCKS BROKERS LTD. S 20973 234.15
4/1/2010 505029 Atlas Cycle ANAND KUMAR S 23582 236.62
4/1/2010 531591 Bampsl Sec KAUSHALYA GARG B 384461 0.63
4/1/2010 531591 Bampsl Sec NARENDER GUPTA S 390954 0.63
4/1/2010 526666 Bhartiya Intl MERULAND INSURANCE SERVICES PRIVATE LIMITED B 49482 79.38
4/1/2010 526666 Bhartiya Intl MERULAND INSURANCE SERVICES PRIVATE LIMITED S 49482 78.11
4/1/2010 532123 BSEL Infra TOTAL NETWORK SOLUTIONS LTD S 427845 16.00
4/1/2010 531932 CG Impex VARSHABEN NAVINBHAI SONI S 39184 6.19
4/1/2010 508860 Diamant Invest KALPANA MADHANI SECURITIES PVT. LTD. B 6000 150.70
4/1/2010 508860 Diamant Invest NARESH MANEKCHAND JAIN S 23303 143.83
4/1/2010 517973 DMC Intl NAVDEEP GUPTA B 64100 25.58
4/1/2010 517973 DMC Intl CENTENARY SOFTWARE PVT LTD B 103742 25.60
4/1/2010 517973 DMC Intl KAPIL GUPTA B 54595 25.72
4/1/2010 517973 DMC Intl HARISH GUPTA S 78200 25.46
4/1/2010 517973 DMC Intl CENTENARY SOFTWARE PVT LTD S 103184 25.75
4/1/2010 517973 DMC Intl KAPIL GUPTA S 54595 25.75
4/1/2010 530337 Exelon Infra KAMALA KANTA GUPTA B 168810 57.22
4/1/2010 530337 Exelon Infra AMIT SARAOGI B 25000 58.50
4/1/2010 530337 Exelon Infra ASHLESH GUNVANTBHAI SHAH B 25000 58.55
4/1/2010 530337 Exelon Infra PARESH RAMJIBHAI CHAUHAN B 25000 58.75
4/1/2010 530337 Exelon Infra KAMALA KANTA GUPTA S 44601 58.49
4/1/2010 530337 Exelon Infra AMIT SARAOGI S 51064 56.89
4/1/2010 530337 Exelon Infra OMPARKASH GUPTA S 22779 57.52
4/1/2010 530337 Exelon Infra I K PROJECTS PRIVATE LIMITED S 93000 56.50
4/1/2010 530337 Exelon Infra GANESH KUMAR DHANUKA S 25914 57.15
4/1/2010 530337 Exelon Infra OMPRAKASH S RUIA S 25500 58.74
4/1/2010 530337 Exelon Infra GOPAL OMPRAKASH RUIA S 27350 58.58
4/1/2010 532666 FCS Software REGENT FINANCE CORPORATION PVT. LTD. B 1697339 15.87
4/1/2010 532666 FCS Software REGENT FINANCE CORPORATION PVT. LTD. S 1697339 15.84
4/1/2010 532666 FCS Software INNOVA E SERVICES PRIVATE LIMI S 2100000 15.51
4/1/2010 532022 Filatex Fash MUKESH DHIRAJLAL MAHETALIA B 35516 14.96
4/1/2010 532139 G Tech Info PUNARVASU ENTERPRISES PRIVATE LIMITED B 700000 3.41
4/1/2010 532139 G Tech Info SHIRIN MUNIR GAZI S 500000 3.41
4/1/2010 532139 G Tech Info MUNIR ABDULLATIF GAZI S 500000 3.41
4/1/2010 523277 GV Films RAMACHANDRAN V B 2000000 2.15
4/1/2010 523277 GV Films N JAYAKUMAR NATARAJAN B 2000000 2.15
4/1/2010 523277 GV Films MAHADEVAN GANESH S 6575000 2.15
4/1/2010 590043 Harita Seat MAHESH DHANVANTRAI MEHTA B 20700 78.70
4/1/2010 590043 Harita Seat PRIYAD THAKKAR S 20695 78.70
4/1/2010 523467 Jai Mata Glass GROWMORE PROPERTIES PVT LTD S 244598 2.69
4/1/2010 522259 Kalindi Rail MBL & Co. LTD. B 65037 222.77
4/1/2010 522259 Kalindi Rail OPG SECURITIES P LTD B 97203 224.43
4/1/2010 522259 Kalindi Rail MBL & Co. LTD. S 65037 222.33
4/1/2010 522259 Kalindi Rail OPG SECURITIES P LTD S 97203 224.46
4/1/2010 530255 KAY Power KAUSHALYA GARG B 60750 12.07
4/1/2010 530255 KAY Power KAUSHALYA GARG S 90000 12.19
4/1/2010 505190 Kinetic Motor KINETIC ENGINEERING LTD S 200000 21.95
4/1/2010 532829 Lawreshwar Poly ASHOK KUMAR BILGAIYAN S 115910 8.05
4/1/2010 531515 Mahan Inds YOGENDRA KUMAR GUPTA S 100000 27.45
4/1/2010 532950 Manjushree Techno SECURITIES VSL S 75000 48.85
4/1/2010 590111 MASTER PUNIT KAPOOR B 29834 71.34
4/1/2010 590111 MASTER V MANIKYALA RAO S 26750 71.31
4/1/2010 526642 Mirza Intl ABHISHEK VIJAYKUMAR SHAH B 911302 17.10
4/1/2010 526642 Mirza Intl CALEDONIA INVESTMENTS PLC S 968550 16.89
4/1/2010 519560 Neha Intl JAYATI FINANCE INV.PVT LTD B 500000 65.25
4/1/2010 519560 Neha Intl VINOD REDDY GADDAM S 300000 65.25
4/1/2010 519560 Neha Intl AJMERA SHARES TRADING PVT LTD S 210385 65.18
4/1/2010 532045 Nexxoft Info C GEETHA B 50225 21.22
4/1/2010 532045 Nexxoft Info Y RAVI PRASAD S 50000 21.23
4/1/2010 531496 Omkar Overseas PINABEN PRAKASHKUMAR SHETH S 25000 44.15
4/1/2010 532944 Onmobile Global OPG SECURITIES P LTD B 414582 489.84
4/1/2010 532944 Onmobile Global OPG SECURITIES P LTD S 414582 490.32
4/1/2010 523483 Pacific Inds AMIT BUSINESS LTD B 10000 317.87
4/1/2010 523483 Pacific Inds ASHOKA FINSTOCK LTD B 8100 308.65
4/1/2010 523483 Pacific Inds ASHOKA FINSTOCK LTD S 8100 317.82
4/1/2010 532606 Parekh Alum DIMPLE OBEROI HUF S 88176 161.42
4/1/2010 511702 Parsharti Inv KRUPA SANJAY SONI B 27208 34.54
4/1/2010 511702 Parsharti Inv SHEETAL PINKESH CHITTALIYA B 25000 34.50
4/1/2010 511702 Parsharti Inv KRUPA SANJAY SONI S 18148 34.54
4/1/2010 526381 Patel Integ AUM SECURITIES PVT. LTD B 120761 33.63
4/1/2010 526588 Photoquip India JINALBEN BHAVIKBHAI VORA S 25068 37.80
4/1/2010 531273 Radhe Dev CHAMPAKLAL JETHALAL SHAH B 1600000 7.08
4/1/2010 531273 Radhe Dev CHAMPAKLAL JETHALAL SHAH S 1600000 7.10
4/1/2010 507300 Ravalgaon Sugar RAHUL DOSHI B 517 9613.41
4/1/2010 533083 RISHABHDEV MAHESH MEETAL B 255996 18.12
4/1/2010 533083 RISHABHDEV SARSWATI VINCOM LTD B 200000 18.00
4/1/2010 533083 RISHABHDEV MAHESH MEETAL S 255996 17.97
4/1/2010 533083 RISHABHDEV CREDO INDIA THEMATIC FUND LIMITED S 500000 18.01
4/1/2010 533083 RISHABHDEV SARSWATI VINCOM LTD S 200000 17.73
4/1/2010 531099 Rubra Med CHANDRAKANT B SHAH B 30500 20.05
4/1/2010 509020 Ruchi Infra JAYATI FINANCE INV.PVT LTD S 2000000 44.75
4/1/2010 506172 Sampada Chem KOPRAN LABORATORIES LTD S 95000 60.30
4/1/2010 521206 Samtex Fashions KINOFOLK INDUSTRIES LTD. B 84233 38.93
4/1/2010 526479 SKY Inds PARSHAV INVESTMENT SERVICES PVT. LTD. B 20000 114.87
4/1/2010 526479 SKY Inds V R M SHARE BROKING PRIVATE LIMITED B 100000 114.99
4/1/2010 526479 SKY Inds HINA VIJAYKUMAR VORA S 22350 115.00
4/1/2010 530595 Telecanor Glob ASHLESH GUNVANTBHAI SHAH B 33000 24.95
4/1/2010 533121 THINKSOFT A.K.G. STOCK BROKERS PVT. LTD. B 138767 340.57
4/1/2010 533121 THINKSOFT MATRIX EQUITRADE PVT. LTD. B 60495 341.77
4/1/2010 533121 THINKSOFT OPG SECURITIES P LTD B 103566 341.73
4/1/2010 533121 THINKSOFT A.K.G. STOCK BROKERS PVT. LTD. S 138767 340.10
4/1/2010 533121 THINKSOFT MATRIX EQUITRADE PVT. LTD. S 60495 341.91
4/1/2010 533121 THINKSOFT OPG SECURITIES P LTD S 103566 341.74
4/1/2010 504966 Tinplate Co TRANSGLOBAL SECURITIES LTD. B 524308 93.07
4/1/2010 504966 Tinplate Co TRANSGLOBAL SECURITIES LTD. S 524208 93.03
4/1/2010 531874 Venus Ventures ANITHA YARLAGADDA S 49166 12.06
4/1/2010 531874 Venus Ventures PRAKASH KUMAR DEVSHILAL SHETH S 30000 11.93
4/1/2010 530477 Vikram Thermo THAKER SINGH B 10754 21.22
4/1/2010 530583 Vogue Textiles DEEPAK KUMAR JAIN B 40000 4.23
4/1/2010 530583 Vogue Textiles ABHA SHARE TRADING PVT.LTD. S 39000 4.23
4/1/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR B 22392 365.16
4/1/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR S 26225 364.56
4/1/2010 526586 Wim Plast SAINATH HERBAL CARE MARKETING P.LTD S 44386 170.11
4/1/2010 500095 Wyeth RELIANCE MUTUAL FUND A/C RELIANCE LONG TERM EQUITY FUND S 203000 745.12
NSE Bulk Deals to Watch - Jan 4 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
04-JAN-2010,AFTEK,Aftek Limited,JMP SECURITIES PVT LTD,BUY,631707,19.58,-
04-JAN-2010,APCOTEXIND,Apcotex Industries Ltd.,APCOTEX INDUSTRIES LTD,BUY,164659,89.50,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,21693,233.77,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,ANJU JAIN,BUY,146485,230.08,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,BP FINTRADE PRIVATE LIMITED,BUY,18490,240.23,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,MANSUKH SECURITIES & FINANCE LIMITED,BUY,22793,232.68,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,OM INVESTMENTS,BUY,16575,240.88,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,OPG SECURITIES PVT. LTD.,BUY,26507,234.24,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED,BUY,25446,235.92,-
04-JAN-2010,EDSERV,Edserv Softsystems Limite,BP FINTRADE PRIVATE LIMITED,BUY,50809,259.52,-
04-JAN-2010,EVINIX,Evinix Accessories Limite,HI-GROWTH CORPORATE SERVICES PVT. LTD.,BUY,617970,4.31,-
04-JAN-2010,FCSSOFT,FCS Software Solutions Li,AANGI SHARES & SERVICES PVT. LTD,BUY,1516000,15.50,-
04-JAN-2010,FCSSOFT,FCS Software Solutions Li,PATEL PRAKASHBHAI NARSINHBHAI,BUY,2036194,15.51,-
04-JAN-2010,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,BUY,11851284,22.56,-
04-JAN-2010,KALINDEE,Kalindee Rail Nirman (Eng,MBL & COMPANY LTD.,BUY,100159,222.33,-
04-JAN-2010,KAUSHALYA,Kaushalya Infrastructure,RAHUL DOSHI,BUY,175368,24.14,-
04-JAN-2010,ONMOBILE,OnMobile Global Limited,OPPERHEIMER A/C 89 SMALL CO,BUY,430000,518.31,-
04-JAN-2010,PARAL,Parekh Aluminex Limited,DIMPLE OBEROI HUF,BUY,79096,161.16,-
04-JAN-2010,SELMCL,SEL Manufacturing Company,NIKON FINLEASE PVT. LTD,BUY,119426,84.99,-
04-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,142722,340.10,-
04-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,BP FINTRADE PRIVATE LIMITED,BUY,107031,345.59,-
04-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,PRASHANT JAYANTILAL PATEL,BUY,125309,342.79,-
04-JAN-2010,TINPLATE,THE TINPLATE CO. (I) LTD,TRANSGLOBAL SECURITIES LTD.,BUY,558496,92.93,-
04-JAN-2010,ZANDUPHARM,Zandu Pharma works Ltd,EMAMI INFRASTRUCTURE LIMITED,BUY,29,5865.34,-
04-JAN-2010,ZENSARTECH,Zensar Technologies -Depo,RPG CELLULAR INVESTMENTS & HOL.P.LTD,BUY,430000,331.43,-
04-JAN-2010,AFTEK,Aftek Limited,JMP SECURITIES PVT LTD,SELL,550707,19.64,-
04-JAN-2010,APCOTEXIND,Apcotex Industries Ltd.,LANDMARK CAPITAL MARKETS LTD,SELL,166666,89.50,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,21693,233.99,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,ANJU JAIN,SELL,146485,229.33,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,BP FINTRADE PRIVATE LIMITED,SELL,16990,240.59,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,MANSUKH SECURITIES & FINANCE LIMITED,SELL,22793,233.23,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,OM INVESTMENTS,SELL,16575,241.27,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,OPG SECURITIES PVT. LTD.,SELL,26507,235.35,-
04-JAN-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED,SELL,25446,236.14,-
04-JAN-2010,BSELINFRA,BSEL Infrastructure Realt,TOTAL NETWORK SOLUTIONS LTD,SELL,610000,16.00,-
04-JAN-2010,EDSERV,Edserv Softsystems Limite,BP FINTRADE PRIVATE LIMITED,SELL,64244,257.13,-
04-JAN-2010,EVINIX,Evinix Accessories Limite,HI-GROWTH CORPORATE SERVICES PVT. LTD.,SELL,590190,4.35,-
04-JAN-2010,FCSSOFT,FCS Software Solutions Li,AANGI SHARES & SERVICES PVT. LTD,SELL,1516000,15.73,-
04-JAN-2010,FCSSOFT,FCS Software Solutions Li,INNOVA E SERVICES PRIVATE LIMI,SELL,5350000,15.50,-
04-JAN-2010,FCSSOFT,FCS Software Solutions Li,PATEL PRAKASHBHAI NARSINHBHAI,SELL,2036194,15.80,-
04-JAN-2010,HSIL,HSIL LIMITED,YAMUNA VYAPAR PRIVATE LIMITED,SELL,290000,78.98,-
04-JAN-2010,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,SELL,12051313,22.52,-
04-JAN-2010,JSWENERGY,JSW Energy Limited,ICICI BANK LTD. (TRADING),SELL,9300000,100.03,-
04-JAN-2010,KALINDEE,Kalindee Rail Nirman (Eng,MBL & COMPANY LTD.,SELL,100159,222.86,-
04-JAN-2010,KAUSHALYA,Kaushalya Infrastructure,RAHUL DOSHI,SELL,150016,24.19,-
04-JAN-2010,KINETICMOT,Kinetic Motor Company Ltd,KINETIC ENGINEERING LTD,SELL,180000,22.00,-
04-JAN-2010,MAYTASINFR,Maytas Infra Limited,CLSA (MAURITIUS) LIMITED,SELL,619331,168.00,-
04-JAN-2010,PARAL,Parekh Aluminex Limited,DIMPLE OBEROI HUF,SELL,121500,161.83,-
04-JAN-2010,SELMCL,SEL Manufacturing Company,NIKON FINLEASE PVT. LTD,SELL,119426,85.26,-
04-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,142725,340.91,-
04-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,BP FINTRADE PRIVATE LIMITED,SELL,103731,344.61,-
04-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,PRASHANT JAYANTILAL PATEL,SELL,125309,343.12,-
04-JAN-2010,TINPLATE,THE TINPLATE CO. (I) LTD,TRANSGLOBAL SECURITIES LTD.,SELL,558496,93.10,-
04-JAN-2010,WYETH,Wyeth Limited,RELIANCE MUTUAL FUND A/C RELIANCE LONG TERM EQUITY FUND,SELL,204737,745.20,-
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Asian Markets Starts Year With A Bang
Sensex, Seoul, Sydney advances while Shanghai, Hang Seng post losses
Stock markets in Asian region entered 2010 with enduring optimism, finishing Monday, 4 January 2010 higher, as investors indulge in buying activity after Chinese manufacturing showed some expansion in December and a stronger dollar boosted the earnings outlook for Japanese car and electronics manufacturers.
On Wall Street, stock markets were closed on Friday for New Year holiday.
In the commodity market, crude oil rose for an eighth day in New York on optimism fuel demand will increase amid freezing temperatures and improved prospects for an economic recovery in the U.S., the biggest energy consumer.
Crude oil for February delivery rose as much as 88 cents, or 1.1%, to $80.24 a barrel in electronic trading on the New York Mercantile Exchange. The contract was at $80 at 3:50 p.m. Singapore time.
Brent crude oil for February settlement rose as much as 93 cents, or 1.2%, to $78.86 a barrel on the London-based ICE Futures Europe exchange. It was at $78.55 at 3:50 p.m. Singapore time.
Gold advanced for a third day after swinging between gains and losses as the metal’s biggest monthly drop since October 2008 helped draw investors. Gold for immediate delivery, which touched an all-time high of $1,226.56 an ounce last month, jumped 0.6% to $1,103.43 at 1:53 p.m. in Singapore. The metal earlier fell as much as 0.4% to $1,093.42 an ounce. Gold for February delivery in New York rose 0.7%.
In the currency market, the US dollar rose against other major currencies in Asian trade on Monday, supported by growing optimism about prospects for the world's largest economy.
The Japanese yen traded near to four month low against greenback as sign the US economic recovery is cementing. Japan’s currency was quoted at 92.95 yen today in Asian deal from Friday’s quote at 93.02 yen per dollar in New York.
The Hong Kong dollar was trading at HK$ 7.7574 against the dollar. Actually the Hong Kong dollar is pegged at HK$ 7.8 to the U.S. dollar but can trade between HK$ 7.75 and HK$7.85 to the U.S. dollar.
In Sydney trade, the Australian dollar closed slightly firmer as firm equity markets in Asia underpinned the local currency. At the local close, the Australian dollar was trading at $US0.8978, up from Thursday’s close of $US0.8968. During the day, the local unit traded between $US0.8940 and $US0.8998. The local currency market was closed for the New Year public holiday on Friday.
In Wellington, the markets were closed for holiday.
The South Korean won ended at 1,154.80 won against the dollar, up 9.70 won from Wednesday's close, as offshore investors raised their holding of local stocks.
The Taiwan dollar strengthened further against the greenback. The Taiwan dollar was trading higher against the US dollar at NT$ 31.8320, 0.1980 up from Thursday’s close of NT$32.0300
In equities, most of the major Asian markets kicked off 2010 on a positive note Monday as strong manufacturing data from China and India helped support hopes for continued economic recovery.
In Japan, the share market kicked off 2010 on a positive note, with broad based gains across major sector heavyweights, buoyed by strong Chinese December manufacturing reports and softening yen against greenback to nearly 93 yen level. At the closing bell, the Nikkei 225 Stock Average index was at 10,654.79, advanced 108.35 points or 1.03% from Thursday’s close, while the broader Topix of all First Section issues on the Tokyo Stock Exchange grew 8.16 points, or 0.9%, to 915.75.
In the economic news, the Finance Ministry said Japan's general account tax revenues in November fell 25.6% from a year earlier to 5,297.14 billion yen with declines in most tax categories.
In Mainland China, the share market stumbled at the end of Monday’s trading session, snapping four days of winning streak, on rekindled worries about country’s inflation pressure. Materials and resources and energy shares traded lower on profit taking on cautious recent rally were overcooked. Financials were sluggish with steep sell off in properties and banks on concern the China will step up more measures to curb property speculation after the government tightened tax and mortgage rules.
At the closing bell, the Shanghai Composite Index, measuring A shares and B shares on the Shanghai Stock Exchange, fell 1.02%, to 3,243.76, meanwhile the Shenzhen Component Index on the smaller Shenzhen Stock Exchange shed 1.21% to 13,533.54. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, has lost 0.46%, to 3,559.41.
On the economic front, the China Federation of Logistics and Purchasing (CFLP) said the Purchasing Managers' Index of China's manufacturing sector stood at 56.6% in December, 1.4% higher than that for November. It was the 10th straight month that the data stayed above 50, which indicated expansion. A reading below 50 signaled contraction.
In Hong Kong, share market ended the first trading session of the year 2010 slightly below the gains line, as investors continued to offload the stocks on concerns last year 52% index gains turns valuation stretched as compared earning and on cautious that US interest rates might rise sooner than expected after strengthening US job data and as Federal Reserve Chairman Ben Bernanke cracked the door open a bit more to the idea of raising interest rates if a new financial bubble emerges.
At the closing bell, the Hang Seng Index melted 49.22 points, or 0.23%, to 21,823.28, meanwhile the Hang Seng China Enterprise, which tracks the overall performance of 43 mainland Chinese state-owned enterprises on the Hong Kong Stock Exchange, dived 43.58 points, or 0.34%, to 12,750.55.
In Australia, the markets ended the 2010 first trading day slightly higher, driven by major madcap stocks as new money coming into the market. Energy shares spurted as crude oil prices were nearby $80 a barrel in Asian deal amid expectations the oil price will continue to improve this year. The materials and resources were steady after Chinese manufacturing grew. Financial stocks ended edged lower. Consumer related stocks closed in diverse terrain ahead of this week’s November retail trade numbers.
At the closing bell, the benchmark S&P/ASX200 index spurted 5.70 points, or 0.12%, to 4,876.30, meanwhile the broader All Ordinaries surged 7.10 points, or 0.15%, to 4,889.8.
In New Zealand, stock markets were closed for holiday.
In South Korea, stocks closed higher the first trading day of 2010, as investors snapped up tech and brokerage shares. After range-bound trading, the benchmark Korea Composite Stock Price Index (KOSPI) gained 13.37 points to 1,696.14. Foreign investors continued to scoop up local stocks, supporting the key index on the first trading session of the New Year.
In Singapore, the share market ended the year 2010 first trading session with marginal losses, after government said Singapore’s gross domestic product contracted by a seasonally adjusted 6.8% in the fourth quarter of 2009 as compared the 2.1% fall in the third quarter because weaker manufacturing output interrupted the island’s recovery from its deepest recession since independence in 1965. At the closing, the blue chip Straits Times Index was at 2,896.55, erased 3.07 points or 0.11%, off an intraday high of 2,896.68 and off an intraday low of 2,886.43.
In Taiwan, stock market in Taiwan extended its winning streak for third straight session, attaining a new nineteen month high, as investors shift focus from blue chip technology stocks to tradition industries like steel and construction. The investors also cheered on the news of formation of China Securities Index Company. The benchmark Taiex share index attained a new nineteen month high, by ending the day higher by 19.74 points or 0.24% at 8207.85 - the highest closing since 18 June 2008 when market finished the day at 8217.58.
On the economic front, Markit Economics reported that the Taiwan HSBC Manufacturing Purchasing Manager’s Index stood at a seasonally adjusted 58.7 in December, up from 58.4 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction.
Manufacturing output continued to rise in December led by a sharp increase in new order volumes. Incoming new business levels rose for the ninth successive month, reflecting the ongoing recovery in global economic conditions. Employment in the manufacturing sector increased at its fastest pace in twenty-three months, as manufacturers aimed to boost production capacity.
In Philippines, equities failed to hold on after a mixed opening and slid lower throughout the day. The investors continued to offload the stocks on the first session of the year even as the rest of the Asia nudged higher as the broad retreat witnessed in the market in the month of December extended further. At the concluding bell, the benchmark index PSEi lost 1.56% or 47.67 points to 3,005.01, while the All Shares index tumbled 1.13% or 21.78 points to 1,896.86.
In India, stocks kicked off 2010 on an upbeat note, with key benchmark indices hitting their highest level in 20 months as strong auto sales, a jump in manufacturing activity in December 2009, and the latest data showing a surge in exports in November 2009, underpinned sentiment. The BSE 30-share Sensex was up 93.92 points or 0.54% to 17,558.73. The Sensex gained 118.03 points at the day's high of 17,582.84 in mid-afternoon trade, its highest level since 5 May 2008. The S&P CNX Nifty was up 31.15 points or 0.60% at 5232.20. It hit a high of 5238.45, its highest level since 5 May 2008.
Elsewhere, Malaysia’s Kula Lumpur Composite index finished slightly higher at 1275.75 while stock markets in Indonesia’s Jakarta Composite index inched up 41.06 points ending the day higher at 2575.41.
In other regional market, European stocks started the New Year with gains on Monday, helped by a wave of deal activity, data indicating strong growth out of China and speeches from Federal Reserve officials hinting of no rate hike on the horizon. The German DAX rose 0.8% or 51.16 points to 6,009.05 to recapture the 6,000 mark, the French CAC 40 rose 1% or 40.10 points to 3,976 and the U.K. FTSE 100 added 0.6% or 34.10 points to 5,443.97.
Nifty attains highest closing level in 22 months
Indian stocks kicked off 2010 on an upbeat note, with key benchmark indices hitting multi-months high as strong auto sales, a jump in manufacturing activity in December 2009, and the latest data showing a surge in exports in November 2009, underpinned sentiment. The BSE 30-share Sensex rose 93.92 points or 0.54%, up close 185 points from the day's low and off close to 25 points from the day's high.
The Sensex struck its highest closing level in 20 months. The 50-unit S&P CNX Nifty attained its highest closing level in 22 months. Global stocks were firm and US index futures surged.
Index heavyweight Reliance Industries (RIL) recovered from lower level on market talks the company has raised Rs 2600 crore by selling 2.5 crore shares at Rs 1,035 each to state-run Life Insurance Corporation of India. Auto stocks also surged after auto firms posted strong December 2009 sales growth. IT, cement, banking, metal and consumer durables stocks also rose. The market breadth was strong.
The market rebounded soon after an initial slide on firm Asian stocks. The market was range bound in early morning trade. The market trimmed gains after hitting fresh intraday highs in morning trade. The market surged to a fresh intraday high in mid-afternoon trade as European stocks surged in early trade. The market pared gains before bouncing back in late trade.
Trading began at 9:00 IST today, 4 January 2010 as the stock exchanges decided to extend trading hours by 55 minutes.
The economy is expected to grow at more than 7.5% in the fiscal year ending March 2010, boosted by better growth in the December 2009 quarter, the finance ministry's chief economic advisor Kaushik Basu said on Monday. The government is not expected to announce any monetary tightening measures for now, he added. "There is no expectation of monetary tightening, nor do I believe there is a reason for it," Basu said." It is a very sector-specific inflation which is taking place," he said, adding, inflation is expected to "peter out" in a few months he added.
Meanwhile, the latest data showed that the rate of growth in manufacturing rose for the first time in three months in December 2009, with activity reaching its highest since May 2009 on sharp rises in new work and output. The HSBC Markit Purchasing Managers' Index (PMI), based on a survey of 500 companies, rose to 55.6 in December from 53.0 in November. The reading was the strongest since May's 55.7, which was the strongest in 2009. A reading above 50 means activity expanded during the month.
The Reserve Bank of India (RBI) will review interest rates at its next policy review scheduled for 29 January 2010 and not before, K.C. Chakrabarty,a deputy RBI governor said on Thursday, 31 December 2009. He further said credit growth will rise to 17-18% when GDP growth reaches 8-9%.
Finance Minister Pranab Mukherjee said on 30 December 2009 that the government needs to strike a balance between economic growth and cutting fiscal deficit. India's fiscal deficit is estimated at 6.8% of gross domestic product for 2009/10 (April-March), higher than 6.2% in the previous year as the government cut tax rates and boosted spending.
Recently C. Rangarajan, Chairman of the Economic Advisory Council to the Prime Minister, raised concern over the rising food inflation, which is at an 11-month high now, stating that the task ahead was to check food inflation. He indicated that the Reserve Bank of India could look at raising the cash reserve ratio (CRR) to suck out excess liquidity from the system, even though the central bank may watch the price movements for some more time before taking any decision on rate hike.
The economy will expand 8% in 2010/11 after growing between 7 and 7.5% in the current fiscal year to end-March, Rangarajan said on Saturday, 2 January 2010. Rangarajan also said the economy would return to an annual growth rate of 9% in the fiscal year to end-March 2012 on the back of an improvement in the world economy and global trade.
Food price index rose 19.83% in the 12 months to 19 December 2009, data released by the government showed on 31 December 2009, showed. The primary article index jumped 15.49% and the fuel price index rose 4.45%. The worst monsoon in nearly four decades and flooding in some parts of the country have pushed up food prices.
Meanwhile, India's exports sector has bounced back with outward trade growing by 18% in November 2009, the commerce ministry said. The export figures turned positive after staying in the red for 13 months. The value of exports in November 2009 jumped to $13.19 billion compared to $11.16 billion.
Data earlier this month showed that corporate advance tax payments for the October-December 2009 quarter shot up sharply, suggesting a higher profit growth in corporate sector in the third quarter (October-December) of the current fiscal. Corporate advance tax payments for the quarter were up 44% to Rs 48,300 crore against a 3.7% decline in April-June quarter and a 14.7% increase in July-September quarter. The company-wise break-up of advance tax collection suggests a broad-based recovery with automobiles, cement, metals and consumer goods, doing well.
European shares rose on Monday on the first session of the year, extending last year's strong run, with banks, oil producers and drugmakers leading the gainers. The key benchmark indices in France, Germany and UK rose by between 0.62% to 1.03%.
The purchasing managers index for the euro-zone manufacturing sector rose to a 21-month high of 51.6 in December 2009 from a reading of 51.2 in November 2009.
Activity in Britain's factory sector showed a stronger-than-expected rise in December 2009, pushing the manufacturing purchasing managers index to its highest level in 25 months, according to data released Monday. The CIPS/Markit PMI jumped to 54.1 from a reading of 51.8 in November.
Most Asian stocks rose on Monday, 4 January 2010, after Chinese manufacturing expanded in December 2009 and a stronger dollar boosted the earnings outlook for Japanese car and electronics manufacturers. The key benchmark indices in Indonesia, Japan, Taiwan and South Korea rose by between 0.24% to 1.03%. But the key benchmark indices in Hong Kong and Singapore fell by between 0.11% to 0.23%.
Chinese stocks retreated on concerns about rising inflation on the mainland and as investors locked in gains after a four-session rally. The Shanghai Composite was down 1%, after tacking on more than 4% in the previous four sessions. Chinese manufacturing activity climbed for the ninth straight month in December 2009, according to the HSBC purchasing managers' index released Monday, with overall conditions during the December-ended quarter the most robust in the survey's six-year history. The index climbed to 56.1 for the month, compared to 55.7 in November. Measures for labor demand and new orders also suggested a broad-based revival of activity.
South Korean exports increased 33.7% in December from a year earlier, the fastest pace in 17 months, the Ministry of Knowledge Economy said on 1 January 2010.
Singapore's economy shrank for the first time in three quarters. Gross domestic product contracted an annualized 6.8% in the fourth quarter to December from the previous three months after climbing a revised 14.9 % from July to September, the trade ministry said in a statement today.
Trading in US index futures indicated Dow could gain 61 points at the opening bell on Monday, 4 January 2010.
US stocks edged lower on the last trading session of 2009 on Thursday, 31 December 2009. The Dow Jones industrial average fell 120.46 points, or 1.14 % to end at 10,428.05. The Standard & Poor's 500 Index declined 11.32 points, or 1%, to finish at 1,115.10. The Nasdaq Composite Index lost 22.13 points, or 0.97 %, to close at 2,269.15. US markets remained close on Friday, 1 January 2010 on New Year's holiday.
For 2009, US stocks registered their first annual advance in two years, underpinned by strength in technology and natural resource shares on bets that the recovery will brighten the profit outlook.
Top US Federal Reserve officials defended policies leading up to the recent financial crisis, arguing that exotic mortgages and overconfidence in home price gains, not low interest rates, fueled a catastrophic housing bubble. Addressing an economists' conference in Atlanta on Sunday, 3 January 2010, Fed Chairman Ben Bernanke said the US economy is only now recovering from recession, and Fed Vice Chairman Donald Kohn warned the pace of recovery will be slow. This means inflation will remain contained for some time, Kohn said
Bernanke repeated his expression of confidence the Fed is equipped to tap the brakes at the right time. "We have a very robust strategy," he said in response to questions after his speech. "It includes both raising the interest rate that we pay on reserves, plus a number of measures that we have been testing that will allow us to drain reserves from the system. So we're quite confident that we can constrain broader money growth and credit growth as needed to exit from these unusual policies when the time comes," he said.
Kohn said the Fed would have to begin pulling back, however, before things were completely back to normal. "We will need to begin withdrawing extraordinary monetary stimulus well before the economy returns to high levels of resource utilization," he said.
Closer home, the BSE 30-share Sensex rose 93.92 points or 0.54% to 17,558.73, its highest closing since 2 May 2008. The Sensex gained 118.03 points at the day's high of 17,582.84 in mid-afternoon trade. The Sensex fell 86.43 points at the day's low of 17378.38 in early trade.
The S&P CNX Nifty rose 31.15 points or 0.6% at 5232.20, its highest closing since 28 February 2008. It hit a high of 5238.45 in intraday trade. Nifty January 2010 futures were at 5,243, at a premium of 10.50 points as compared to the spot closing of 5,232.20. Turnover in NSE's futures & options (F&O) segment was Rs 42,559.47 crore, sharply lower than Rs 105421.96 crore on Thursday, 31 December 2009.
BSE clocked a turnover of Rs 6198 crore, much higher than Rs 4618 crore on Thursday 31 December 2009.
The market breadth, indicating the overall health of the market was strong. On BSE, 2126 shares advanced as compared with 752 that declined. A total of 71 shares remained unchanged.
Among the 30-member Sensex pack, 23 rose while rest declined.
The BSE Mid-Cap index rose 1.48% and the BSE Small-Cap index rose 1.6%. Both the indices outperformed the Sensex.
Among the sectoral indices on BSE, the BSE Auto index (up 1.88%), the BSE Metal index (up 1.82%), the BSE Consumer Durables index (up 1.81%), the BSE FMCG index (up 1.11%), BSE's banking sector index Bankex (up 0.77%), the BSE Capital Goods index (up 0.72%) and the BSE IT index (up 0.69%), outperformed the Sensex
BSE Power index (up 0.53%), BSE Realty index (up 0.39%), BSE Health Care index (up 0.09%) and BSE Oil & Gas index (down 0.21%), underperformed the Sensex.
A deluge of global liquidity boosted stocks across the globe last year. Governments and central banks around the world have injected trillions of dollars in the past one year to pull the world out of a most severe recession since the 1930s Great Depression. The Sensex rose 7817.50 points or 81.03% in calendar year 2009. From a 3-year closing low of 8,160.40 on 9 March 2009, the Sensex was up 9398.33 points or 115.16% as on 4 January 2010.
India's largest private sector firm by market capitalisation Reliance Industries (RIL) fell 1.29% to Rs 1075.35. Nevertheless, the stock came off the day's low of Rs 1022. Reliance Industries has reportedly raised $577 million through a share sale, the second big equity fund raising in under four months as it looks to buy bankrupt petrochemicals firm LyondellBasell. Reliance, controlled by India's richest man, Mukesh Ambani, sold 2.5 crore existing treasury shares at a 5% discount to Thursday's market close or at a weighted average price of Rs 1035.10 to state-run Life Insurance Corp of India, reports suggest. The deal follows a $660 million share sale by conglomerate Reliance in September 2009.
Oil exploration firms rose, as oil surged past $80 a barrel amid thin trading volumes on Monday, the first trading day of 2010, partly supported by news that Russia had halted oil supplies to Belarussian refineries. India's biggest state-run oil exploration firm by revenue Oil & Natural Gas Corporation (ONGC) rose 0.83%. Cairn India advanced 1.47%. India's second biggest oil and gas exploration firm by revenue, Oil India was flat.
Rise in crude oil prices would result in higher realizations from crude sales for oil exploration firms. US crude for February delivery rose 59 cents to $79.95 a barrel in electronic trading.
Cement shares gained on speculation cement prices will increase in the first quarter of calendar year 2010 on rise in infrastructure activity. Ambuja Cement, UltraTech Cement, Birla Corporation rose by between 2.31% to 5.4%.
India's largest cement maker by sales ACC rose 4.87% even as cement shipments fell 1.1% to 18.8 lakh tonnes in December 2009 over December 2008.
Banking stocks extended gains on reports credit offtake has picked up this month. According to the latest Reserve Bank of India (RBI) figures, total loans, including food credit loans to Food Corporation of India for foodgrain procurement and non-food credit (all other loans) amounted to Rs 29,41,293.07 crore as on 19 December 2009. This represents a sequential growth of Rs 34,028 crore since 27 November 2009 compared to a growth of Rs 7,698 crore in the whole of November 2009.
India's largest bank by net profit and branch network State Bank of India rose 0.98%. The state-run bank paid advance tax of Rs 1795 crore versus Rs 1700 crore. India's largest private sector bank by net profit ICICI Bank rose 0.37% even as its ADR fell 0.26% on Thursday. The bank is reportedly raising up to Rs 1200 crore by selling bonds.
India's second largest private sector bank by net profit HDFC Bank rose 0.29% as its ADR rose 0.42% on Thursday, 31 December 2009.
Consumer durables stocks gained on hopes of good earnings on the back of higher sales in Christmas. Videocon Industries, Blue Star, Asian Star Company and Rajesh Exports rose by between 0.11% to 6.21%.
Auto stocks extended recent gains on the back of strong sales in the month of December 2009 and higher advance tax payment in the third quarter.
India's largest tractor marker by sales Mahindra & Mahindra (M&M) advanced 4.52%. Mahindra & Mahindra, reported 122% rise in its domestic sales to 22,754 units in December 2009 over December 2008. The company sold a total of 24,001 vehicles (domestic plus exports) in December 2009 as against 11,172 vehicles sold in December 2008.
India's top truck maker by sales Tata Motors rose 4.39%. Tata Motors registered 105% growth in sales to 51,627 units in December 2009 over December 2008.
TVS Motors rose 9.59%. The company said its sales rose 34% to 119,701 units in December 2009 over December 2008.
But, India's largest motorcycle maker by sales Hero Honda Motors fell 0.18%. Sales jumped 74% to 375,838 units in December 2009 over December 2008.
Bajaj Auto fell 1.66%. Bajaj Auto sold 2,20,429 two-wheelers in December 2009, registering an 85% growth in sales over the same month last year, when it sold 1,19,215 units.
India's top small car marker by sales Maruti Suzuki India fell 0.57%. Maruti, posted a 51% rise in total sales in at 84,804 units in December 2009 over December 2008.
Metal stocks rose as after LMEX, a gauge of six metals traded on the London Metal Exchange, rose. 0.14% on Thursday, 31 December 2009. Steel makers rose as steel companies are reportedly eyeing higher prices in 2010 as stronger economic growth worldwide drives up demand for the critical building material. Tata Steel, Jindal Steel & Power, JSW Steel rose by between 1.05% to 2.66%.
Steel Authority of India (SAIL) rose 3.14% after company reported a 32% growth in sales at 1.3 million tonne in December 2009 from a year ago
Recently, Tata Steel raised prices by Rs 2,000 a tonne, while state-owned Steel Authority of India (SAIL) withdrew the Rs 750-1,500 per tonne rebate it had started offering in November 2009, following the increase in raw material cost.
Among non ferrous stocks, National Aluminum Company, Stelite Industries, Hindalco Industries rose by between 1.49% to 5.23%.
Software pivotals rose on recent encouraging economic data in the United States. US is the biggest market for Indian IT firms. India's second largest software services exporter Infosys rose 0.35% even as its ADR fell 0.79% on Thursday. India's largest software services exporter TCS rose 0.26%. India's third largest software services exporter Wipro rose 2.09% even as its ADR fell 0.54% on Thursday.
India's largest thermal power generator by sales NTPC declined 1.65% on profit booking after the scrip climbed 13.8% in seven trading sessions to Rs 235.70 on 31 December 2009, from a recent low of Rs 207.05 on 18 December 2009.
Among other prominent power sector stocks, Tata Power Company, Reliance Power, Reliance Infrastructure, Torrent Power rose by between 0.64% to 2.13%.
JSW Energy settled at Rs 100.75, a premium of 0.75% over the initial public offer price of Rs 100. The stock debuted at Rs 102, a premium of 2% over the initial public offer (IPO) price.
Rate sensitive realty stocks rose on reports realty sector holds promise in the year 2010 after a lackluster 2009. India's largest realty player by market capitalization DLF rose 0.97%. On 16 December 2009, the company's board approved merger of its commercial realty arm DLF Assets (DAL) with itself, a move aimed at repaying some of DAL's debt.
Among other realty stocks, Unitech, Housing Development & Infrastructure, Peninsula Land rose by between 0.25% to 1.94%.
India's largest engineering & construction firm by sales Larsen & Toubro rose 0.71% extending Thursday's gains after company said today it won orders worth Rs 987 crore. The company said on Thursday 31 December 2009 it won two orders totaling Rs 580 crore.
Among other capital goods stocks, Bharat Heavy Electricals, BEML and Praj Industries rose by between 0.71% to 2.08%.
Sugar stocks soared as prices of the commodity rose sharply last week. Shree Renuka Sugars, Bajaj Hindusthan Sugar and Industries, Dhampur Sugar and Balrampur Chini rose by between 2.36% to 8.78%. Ex-mill sugar price in the state is at a record high of Rs 3,700 a quintal. Prices have gone up 7-8% in one month, though crushing season is on.
The Union government has allowed duty-free import of raw sugar to tide over the domestic production shortfall. In the 2008-09 season ending October 2009, domestic sugar output fell 42 per cent to 15 million tonne, causing retail sugar prices to more than double. Currently, sugar is selling at Rs 42-43 a kg in retail.
JSW Energy clocked highest volume of 3.51 crore shares on BSE. Cals Refineries (2.56 crore shares), Reliance Industries (1.4 crore shares), FCS Software (1.31 crore shares) and Sanraa Media (1.14 crore shares) were the other volume toppers in that order.
Reliance Industries clocked the highest turnover of Rs 1516.70 crore on BSE. JSW Energy (Rs 353.69 crore), OnMobile Global Solutions (Rs 142.61 crore), Tata Steel (Rs 118.57 crore) and Tata Motors (Rs 109.95 crore) were the other turnover toppers in that order.
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