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Wednesday, September 01, 2010
Asian markets start September On Positive Note
Bargain hunting at lower levels lifted the sentiments amid ideas that the risky assets could record some gains after last month's mess
Asian markets ended in green today, as bargain hunting at lower levels lifted the sentiments and ideas that the risky assets could record some gains after steep losses in the previous month spurred some upward bias. Mixed closing on Wall Street in the previous session with the DOW holding above 10k mark and a slide in the Dollar in Asian trades also helped the momentum.
Nifty September 2010 futures at premium
Turnover declines
Nifty September 2010 futures were at 5,476, at a premium of 4.15 points compared to spot closing of 5,471.85. Turnover in NSE's futures & options (F&O) segment was Rs 92,165.88 crore, lower than Rs 1,06,140.93 crore on Tuesday, 31 August 2010.
Post Market Review - Sep 1 2010
It was a stunning rally on Dalal Street as benchmark indices surged more than a percent in today’s trade after staging a sharp recovery from lower levels yesterday. Sensex gained 234 points to close at 18206 while Nifty finished at 5472, up 69 points. BSE Mid-cap and Small-cap indices gained 1.7% and 1.8% respectively. Auto companies posted healthy sales figures for the month of August with Maruti Suzuki and TVS Motors registering highest ever monthly sales. European markets were trading with strong gains of nearly 1.5% while US stock indices futures too were up about a percent ahead of data on construction spending, mortgage application and ISM Manufacturing.
Telecom shares hog limelight as allotment of 3G spectrum begins
Six telecom shares rose 0.91% to 4.49% at 15:07 IST on BSE, as the government today, 1 September 2010, starts the process of allotting third generation bandwidth.
Across-the-board buying propels key indices
The key indices rallied in the second half of trading session, boosted by gains in index pivotals Reliance Industries, Infosys, and ICICI Bank. The market had opened higher, but turned range bound in afternoon trade. However, strength in US index futures and European markets aggravated buying in the mid-afternoon session. Strong auto sales, data showing expansion in manufacturing sector in August 2010 and data showing resumption of buying by foreign funds, underpinned sentiments.
BSE Bulk Deals to Watch - Sep 1 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
1/9/2010 530093 Ace India SITA RAM B 50000 48.92
1/9/2010 530901 ACIL Cot Inds JAYSHREE SHANKAR BHOSLE B 68646 36.77
1/9/2010 530901 ACIL Cot Inds JAYSHREE SHANKAR BHOSLE S 82568 35.41
NSE Bulk Deals to Watch - Sep 1 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
01-SEP-2010,APPAPER,Andhra Pradesh Paper,KBS REALTORS PRIVATE LIMITED,BUY,213000,223.90,-
01-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,CNB FINWIZ PRIVATE LIMITED,BUY,21553,242.67,-
01-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,24772,242.01,-
Market ekes out small gains in August
Indian equities bounced back on Wednesday snapping earlier losses. The Sensex ended on a buoyant note with both the bourses gaining over 1% led by metal, realty, teck and IT space. Broader markets too supported the upmove. The barometer index Sensex bounced back in early trade in line with global markets. Some profit bookin was seen at higher levels for a short period. However the indices gained momentum as buying intensified across board. Further opening of firm European market also led to the rally which helped Nifty to breach 5,400 mark. Finally, it wrapped the day on a cheerful note after hitting a high of 18,227.14.
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