HDFC
India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Monday, January 17, 2011
Markets end flat in volatile trade
The Indian markets shut the volatile session on a flat note with a positive bias; ADAG companies’ shares fell sharply on adverse SEBI order
Major headlines
L&T Q3 net profit rises 11% yoy
ADAG stocks slip after SEBI consent order
Axis Bank Q3 net profit jumps 36% yoy
BSE Bulk Deals to Watch - Jan 17 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
17/1/2011 531678 Anand Credit ASHA DEVI KATARIA B 50000 7.94
17/1/2011 531678 Anand Credit AMRATA GUPTA B 50000 7.95
17/1/2011 530187 Atharv Enter MAPAEX INVESTMENTS PRIVATE LIMITED B 225000 11.93
NSE Bulk Deals to Watch - Jan 17 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
17-JAN-2011,BEDMUTHA,Bedmutha Indust Ltd,MAHESH MEETAL,BUY,166251,84.58,-
17-JAN-2011,CANFINHOME,Can Fin Homes Ltd,RAJEN CHANDRAKANT SHARE A/C,BUY,143160,123.88,-
Asian markets witness nervous trading
Chinese monetary tightening moves hurt sentiments, US markets closed for holiday today
Asian equities were locked in a weak to flat trading pattern today as the latest Chinese monetary tightening moves curbed the buying enthusiasm despite huge gains in the US stocks on Friday. The mood was cautious as the US markets are closed today on account of the Martin Luther King Jr holiday. China, late Friday said it would raise banks' reserve requirement ratio by 50 basis points, following six hikes last year. This encountered with the gains in the US markets where strong financials pushed the Dow Jones to its highest since June 2008 on Friday.
Market recovers from 4-month trough; ADAG stocks slump
Bargain hunting helped the market recover from a 4-month low struck in early trade even as market sentiment continues to remain edgy on sustained selling by foreign funds and fears of aggressive rate-hike by central bank to cool inflation. Caution among investors was evident in the weakness in the broader market. Engineering & construction major Larsen & Toubro skidded more than 2% as its operating margin in the third quarter this year declined to 10.8% from 12.4% in Q3 December 2009. Other capital goods stocks also declined.
Sentiment in disarray
All progress is precarious, and the solution of one problem brings us face to face with another problem. - Martin Luther King, Jr.
Well, the Indian market hasn’t made any progress whatsoever in the two weeks of 2011. On the contrary, it has lost quite a bit of ground, with back-to-back weeks of heavy losses. A spate of headwinds has taken a big toll on sentiment and the same is reflected in FII outflows.
Daily News Roundup - Jan 17 2011
Infosys plans to acquire small US companies to tap US$70bn government outsourcing market. (ET)
NTPC may miss the Eleventh Plan (2007-12) commissioning targets for the proposed 750MW (3X250MW) Bongaigaon thermal power station in Assam. (BL)
GAIL has finalised a deal for procuring LNG from Qatar. (BL)
Sensex swings wildly...Ends below 18,900
What a volatile day of trade we had on Dalal Street today, with the NSE Nifty swinging almost 200 points intraday while the BSE Sensex gyrated over 600 points. This was the continuation of this week's pattern with the main indices surging on Wednesday before diving again on Thursday.
Market may open flat to slightly higher; L&T, TCS Q3 results eyed
The market may open flat to slightly higher if trading of S&P CNX Nifty futures on the Singapore stock exchange is of any indication. It indicates a gain of 10 points at the opening bell. The market had fallen to four month lows on Friday, 14 January 2011, on worries the central bank may hike rates aggressively in 2011 to cool price rise and inflationary expectations. L&T, Axis Bank and Tata Consultancy Services (TCS) report Q3 results today, 17 January 2011.
Subscribe to:
Posts (Atom)