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Thursday, March 31, 2011
Markets up for 8th day on last day of FY11
Markets head upwards for the eight consecutive day and close the last session of the FY11 on a strong note amid volatile trade
Major headlines
Food inflation softens to 9.5% versus 10.05%
Tata Tele soars as Docomo plans investment
High Court refuses to stay MoEF order; HCC falls 4%
BSE Bulk Deals to Watch - Mar 31 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
31/3/2011 533330 ACROPET TEC FINANCECORP CAPITAL INDIA PRIVATE LIMITED B 856362 65.66
31/3/2011 533330 ACROPET TEC PIYUSH T KOTHARI B 345124 64.62
31/3/2011 533330 ACROPET TEC GROOVE FINANCE AND INVESTMENT PRIVATE LIMITED B 563806 65.23
NSE Bulk Deals to Watch - Mar 31 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
31-MAR-2011,ACROPETAL,Acropetal Tech Ltd,AJAY,BUY,205620,66.38,-
31-MAR-2011,ACROPETAL,Acropetal Tech Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,656149,67.49,-
31-MAR-2011,ACROPETAL,Acropetal Tech Ltd,FINANCECORP CAPITAL INDIA PRIVATE LIMITED,BUY,1068426,64.90,-
Sensex jumps 9% in 8 days; up 10.9% in FY 2011
Celebrations galore as Team India's dazzling victory over the arch rivals Pakistan in a thrilling semi-final on Wednesday to enter the World Cup 2011 finals was followed by a continued rally on the Indian bourses. The key benchmark indices scored strong gains in highly volatile trade to remain unbeaten for eight straight session of trade and settled at 2-1/2 months highs. The BSE 30-share Sensex was up 155.04 points or 0.80% to 19,445.22, up 160.87 points from the day's low and off 129.94 points from the day's high. The market breadth, indicating the health of the market, turned positive in late trade, having swung between positive and negative zone in intraday trade. The Sensex has jumped 1,606.17 points or 9% in eight trading days from its close of 17,839.05 on 21 March 2011, with revival of foreign fund inflows boosting sentiments.
Grey Market Premiums - Mar 31 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| SHILPI Cable | 65 to 69 | 6 to 6.50 |
Precious metals glitter
Precious metals end losing streak
Precious metal prices ended substantially higher on Wednesday, 30 March 2011 at Comex. Prices went up after staying somber for quite a few sessions. Traders were back as precious metals had dropped from their all time highs. Continuing Mid East and North African crisis together with euro zone debt problems increased the appeal of precious metals against an alternate investment. Prices rose despite a strong dollar.
Crude ends lower
Prices drop as inventories rise more than expected
Oil prices ended lower on Wednesday, 30 March 2011 at Nymex. Prices dropped as energy department reported more than expected build up in crude inventories for last week. A strong dollar also impacted prices.
F&O expiry to add volatility
Firm global cues are likely to trigger a positive start on the Indian bourses. However, a rise in crude oil prices and profit booking after a seven-day rally may cap upside. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 10.50 points at the opening bell. Volatility may remain high as derivative contracts for the near-month March 2011 series are set for expiry today, 31 March 2011. The near term major trigger for the market is Q4 March 2011 results which will start trickling in from about mid-April 2011.
Markets may open in green
Headlines for the day:
SBI's OP Bhatt against freeing up of savings rate
iGate open offer for Patni to begin April 8
Andhra HC tells Satyam to pay Rs 350 crore to CBDT
Daily News Roundup - Mar 31 2011
Sebi clears Sesa Goa open offer for Cairn India. (ET)
Central Bureau of Investigation is likely to chargesheet three officials of ADAG and Unitech senior executives. (ET)
Hindalco signs an agreement to borrow Rs78.75bn in loan. (ET)
Power play on expiry
"He who controls others may be powerful, but he who has mastered himself is mightier still" - Lao Tzu.
The ‘Men in Blue’ have mastered themselves and are just a match short of holding aloft the coveted World Cup trophy. The Indian market too is exhibiting euphoria of sorts with the key indices advancing for seven straight sessions. It has been mostly a Large-Cap rally, fueled by renewed traction in FII inflows. The juggernaut may roll on for a while till the FIIs turn off the money taps.
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