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Thursday, October 20, 2011
Sensex falls on global jitters...IT shares recover
Sensex ended at 16,936, down 148 points. Nifty closed at 5,092, down 47 points.
After witnessing a strong rally in the previous session, the benchmark Indian indices ended in the negative terrain on Thursday, tracking weak cues from the international equity markets. The US markets ended with losses after a weak assessment of the US economy by the Federal Reserve in it's Beige Book survey.
The European markets also were trading in the red amid reports that European leaders are still divided on the issue of expanding the eurozone rescue fund ahead of this weekend's important summit in Brussels. It may be recalled that contradicting reports had emerged on Wednesday about a reported agreement between Germany and France over the expansion of the EFSF.
Sensex closes 148 points lower on global woes
After posting strong gains in the previous trade, the Indian markets fell today on concerns of economic crisis in the Europe
Major Headlines
Food inflation at 10.6% versus 9.32%
Housing finance companies shares witness pressure
Bajaj Auto declines after Q2 results
Biocon Q2 net profit falls by 22%
Exide Industries hits monthly low after Q2 results
BSE Bulk Deals to Watch - Oct 20 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
20/10/2011 508869 Apollo Hosp THE BANK OF NEW YORK MELLON A/C INTEGRATED (MAURITIUS) HEALTHCARE B 4093860 513.00
20/10/2011 508869 Apollo Hosp BISIKAN BAYU INVESTMENTS (MAURITIUS) LIMITED S 4093860 513.00
20/10/2011 531560 Aroma Enterprises CHHOTALAL SHAH MAHENDRA B 45000 81.74
NSE Bulk Deals to Watch - Oct 20 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
20-Oct-11,FLEXITUFF,Flexituff Inter Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,191509,166.37,-
20-Oct-11,FLEXITUFF,Flexituff Inter Limited,GKN SECURITIES,BUY,188620,165.17,-
20-Oct-11,FLEXITUFF,Flexituff Inter Limited,MADHUVAN VINCOM PRIVATE LIMITED,BUY,152055,159.12,-
20-Oct-11,FLEXITUFF,Flexituff Inter Limited,MARU SECURITIES PVT LIMITED,BUY,159393,155.95,-
20-Oct-11,FLEXITUFF,Flexituff Inter Limited,MUSKAN AGENCIES AND TRADING LTD,BUY,604727,164.76,-
20-Oct-11,FLEXITUFF,Flexituff Inter Limited,PRIME SECURITIES LTD,BUY,250000,165,-
20-Oct-11,FLEXITUFF,Flexituff Inter Limited,R.M. SHARE TRADING PVT LTD,BUY,190317,164.87,-
20-Oct-11,FLEXITUFF,Flexituff Inter Limited,SWATI RAJESH SHAH,BUY,119320,163.59,-
Nifty November 2011 futures at premium
Turnover surges
Nifty October 2011 futures were at 5105.45, at a premium of 13.55 points over spot closing of 5091.90. Nifty November 2011 futures were at 5121.90, at a premium of 30 points over spot closing. Turnover on NSE's futures & options segment surged to Rs 159182.05 crore from Rs 137726.54 crore on Wednesday, 19 October 2011.
State Bank of India (SBI) October 2011 futures were at 1939, at a premium over spot closing of 1933.90.
M and B Switchgears soars on debut
Ends at Rs 317.55 on BSE
Shares of M and B Switchgears settled at Rs 317.55 on BSE, a sharp premium of 70.73% over the initial public offer price of Rs 186.
The stock debuted at Rs 180, a discount of 3.22% to the initial public offer (IPO) price. The stock hit a high of Rs 356 and low of Rs 118.65. On BSE, 2.65 crore shares were traded on the counter.
M and B Switchgears' initial public offering (IPO) was subscribed 1.57 times and got bids for 78.43 lakh shares. The IPO remained open for bidding between 28 September 2011 and 5 October 2011. The price band for the IPO was Rs 180-186 per share.
Sensex falls below 17,000 as food inflation accelerates
Key benchmark indices edged lower in choppy trade as the latest data showing acceleration of food inflation early this month raised prospects of more rate hikes from the central bank to tame inflation, which remains uncomfortably high. The barometer index BSE Sensex fell below the psychological 17,000 mark. Nevertheless, the market staged a strong intraday rebound as European shares moved off lows and as US index futures rose. The Sensex shed 148.45 points or 0.87%, up close to 190 points from the day's low and off about 25 points from the day's high. Index heavyweights Reliance Industries and L&T came off lows. Steel stocks recovered. IT stocks also came off lows on a weak rupee.
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