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Wednesday, February 03, 2010
Nifty February 2010 futures at discount
Turnover drops
Nifty February 2010 futures were at 4,921.05, at a discount of 10.80 points as compared to the spot closing of 4,931.85. Turnover in NSE's futures & options (F&O) segment was Rs 78,755.97 crore, lower than Rs 79,683.06 crore on Tuesday, 2 February 2010.
State Bank of India February 2010 futures were at discount at 1992.20 compared to the spot closing of 1995.50.
Tata Motors February 2010 futures were at discount at 717.90 compared to the spot closing of 721.
JSW Steel February 2010 futures were at premium at 1059.80 compared to the spot closing of 1056.05.
In the cash market, the S&P CNX Nifty surged 101.75 points or 2.11% at 4,931.85.
BSE Bulk Deals to Watch - Feb 3 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
3/2/2010 530901 ACIL Cot Inds NILESH KRUSHNA PALANDE B 62747 14.35
3/2/2010 530901 ACIL Cot Inds INTERNATIONAL TRANSMISSION PRODUCTS PVT LTD B 75000 14.30
3/2/2010 530901 ACIL Cot Inds SHREE HARIVANSH SEC PVT LTD S 137000 14.14
3/2/2010 530901 ACIL Cot Inds SREE RAM PLYWOOD MANUFACTURING COMPANY PRIVATE LIMITED S 150000 14.32
3/2/2010 530901 ACIL Cot Inds HOOGHLY MILLS PROJECTS LTD S 100000 14.31
3/2/2010 511706 Action Fin FORTUNE INVESTMENT TRADING A/C S 50000 20.00
3/2/2010 530375 Ancent Soft KEEN INVESTMENT AND LEASING LIMITED B 50001 3.97
3/2/2010 533138 ASTEC RKSV SECURITIES INDIA PVT LIMITED B 155373 75.37
3/2/2010 533138 ASTEC VASANTI SHARE BROKAERS LTD B 220055 69.16
3/2/2010 533138 ASTEC REGENT FINANCE CORPORATION PVT. LTD. B 200113 69.91
3/2/2010 533138 ASTEC TRANSGLOBAL SECURITIES LTD. B 125646 76.17
3/2/2010 533138 ASTEC REGENT FINANCE CORPORATION PVT. LTD. S 200113 69.24
3/2/2010 533138 ASTEC TRANSGLOBAL SECURITIES LTD. S 124146 76.01
3/2/2010 533138 ASTEC PRASANN SHARES & SERVICES PRIVATE LIMITED S 187000 71.62
3/2/2010 533138 ASTEC PARSVANATH FINCON PRIVATE LIMITED S 233834 72.30
3/2/2010 533138 ASTEC RKSV SECURITIES INDIA PVT LIMITED S 155373 75.23
3/2/2010 533138 ASTEC VASANTI SHARE BROKAERS LTD S 220055 68.90
3/2/2010 512149 Avance Tech JIGNESH CHANDRAKANT SHAH S 1316949 4.79
3/2/2010 505506 Axon Infotech RAMESH MALPANI B 5000 26.45
3/2/2010 505506 Axon Infotech ABSOLUTE LEASING & FINANCE PVT LTD S 13664 26.45
3/2/2010 511607 Birla Shloka DEVKANT SYNTHETICS INDIA PVT. B 243677 53.33
3/2/2010 511607 Birla Shloka AAP INVESTMENTS S 100000 53.45
3/2/2010 531337 Channel Guide HEMANT RAJENDRABHAI SHAH B 50000 18.02
3/2/2010 531337 Channel Guide RAJENDRA SHARAD KARNIK S 60000 18.01
3/2/2010 533026 Chemcel Bio REKHA BHANDARI B 303500 9.47
3/2/2010 533026 Chemcel Bio ASHU AGRAWAL S 145000 9.29
3/2/2010 522231 Conart Engr BDS SHARE BROKERS PVT LTD B 19984 34.42
3/2/2010 522231 Conart Engr BDS SHARE BROKERS PVT LTD S 19984 34.64
3/2/2010 511668 Fact Enterprise BDS SHARE BROKERS PVT LTD B 26733 18.91
3/2/2010 511668 Fact Enterprise BDS SHARE BROKERS PVT LTD S 30033 19.22
3/2/2010 532631 Fame India INOX LEISURE LIMITED B 15057751 44.00
3/2/2010 532631 Fame India RELIANCE CAPITAL PARTNERS B 503685 44.45
3/2/2010 532631 Fame India SPS CAPITAL & MONEY MANAGEMENT SERVICES PVT LTD S 381596 44.81
3/2/2010 532631 Fame India SOUTH YARRA HOLDINGS S 15057751 44.00
3/2/2010 590024 Fert & Chem Trv LATIN MANHARLAL SEC.PVT.LTD. B 34555 68.23
3/2/2010 590024 Fert & Chem Trv BHARAT SECURITIES PVT LTD B 52619 67.52
3/2/2010 590024 Fert & Chem Trv TRANSGLOBAL SECURITIES LTD. B 91445 68.04
3/2/2010 590024 Fert & Chem Trv TRANSGLOBAL SECURITIES LTD. S 91445 67.96
3/2/2010 590024 Fert & Chem Trv BHARAT SECURITIES PVT LTD S 52619 67.59
3/2/2010 590024 Fert & Chem Trv LATIN MANHARLAL SEC.PVT.LTD. S 34555 68.25
3/2/2010 514167 Ganesh Poly SABANA MASARIYA B 50000 40.38
3/2/2010 531439 Goldstone Tech BP FINTRADE PRIVATE LIMITED B 97600 42.01
3/2/2010 531439 Goldstone Tech SETU SECURITIES PVT LTD B 114545 43.72
3/2/2010 531439 Goldstone Tech SETU SECURITIES PVT LTD S 113740 43.05
3/2/2010 531439 Goldstone Tech BP FINTRADE PRIVATE LIMITED S 97405 42.91
3/2/2010 513059 GS Auto SABANA MAHEBOOBALI ASARIYA B 100000 45.00
3/2/2010 513059 GS Auto SHIVALIK SECURITIES LTD S 122000 45.04
3/2/2010 532658 Indo Asian Fuse PKR HITECH INDUSTRIAL COPORATION LLP B 135000 68.20
3/2/2010 532658 Indo Asian Fuse VPM INDUSTRIAL CORPORATION LLP S 135000 68.20
3/2/2010 533154 INFINITE SMART EQUITY BROKERS PRIVATE LIMITED B 783721 197.27
3/2/2010 533154 INFINITE GENUINE STOCK BROKERS PVT. LTD. B 1060141 196.09
3/2/2010 533154 INFINITE MATRIX EQUITRADE PRIVATE LIMITED LIMITED B 290003 197.03
3/2/2010 533154 INFINITE T ROWE PRICE INTL- INTL DISCOVERY FUND B 783000 197.40
3/2/2010 533154 INFINITE JMP SECURITIES PVT LTD B 324379 195.06
3/2/2010 533154 INFINITE EUREKA STOCK & SHARE BROKING SERVICES LTD B 270473 198.22
3/2/2010 533154 INFINITE OPG SECURITIES P LTD B 1183024 196.91
3/2/2010 533154 INFINITE EUREKA STOCK & SHARE BROKING SERVICES LTD S 270473 197.90
3/2/2010 533154 INFINITE OPG SECURITIES P LTD S 1183024 196.93
3/2/2010 533154 INFINITE MATRIX EQUITRADE PRIVATE LIMITED LIMITED S 290003 196.50
3/2/2010 533154 INFINITE GENUINE STOCK BROKERS PVT. LTD. S 1060141 196.25
3/2/2010 533154 INFINITE SMART EQUITY BROKERS PRIVATE LIMITED S 783721 197.27
3/2/2010 523467 Jai Mata Glass NARESH GUPTA B 78674 3.19
3/2/2010 523467 Jai Mata Glass ANSHU KAROL B 75000 3.18
3/2/2010 523467 Jai Mata Glass SHRENIK SHANKAR SABOO B 85000 3.15
3/2/2010 523467 Jai Mata Glass HITESH SHASHIKANT JHAVERI B 150000 3.21
3/2/2010 523467 Jai Mata Glass PRAKASH K SHAH SHARES & SECURITIES PVT LTD B 118676 3.21
3/2/2010 523467 Jai Mata Glass HITESH SHASHIKANT JHAVERI S 66236 3.20
3/2/2010 523467 Jai Mata Glass NARESH GUPTA S 78674 3.17
3/2/2010 511131 Kamanwala Hous NISHA SUMANJAIN B 120504 62.00
3/2/2010 511131 Kamanwala Hous MOUNTEVEREST TRADING AND INVESTM S 124393 61.77
3/2/2010 530255 KAY Power KAUSHALYA GARG S 60200 14.34
3/2/2010 531496 Omkar Overseas ABHAY DATTATRAY JAVLEKAR B 55000 48.66
3/2/2010 531496 Omkar Overseas JHAVERI TRADING AND B 50000 48.25
3/2/2010 531496 Omkar Overseas PRASHANT SHANKARLAL AGARWAL S 50000 48.25
3/2/2010 531496 Omkar Overseas BHANUPRIYABEN D LODHA S 25150 47.35
3/2/2010 531496 Omkar Overseas NAYANBHAI RAMESHCHANDRA SHAH S 91000 48.68
3/2/2010 511702 Parsharti Inv KRUPA SANJAY SONI B 27776 35.56
3/2/2010 511702 Parsharti Inv AXIOM CAPITAL ADVISORS PRIVATE LIMITED B 23653 36.02
3/2/2010 511702 Parsharti Inv AXIOM CAPITAL ADVISORS PRIVATE LIMITED S 23653 35.86
3/2/2010 511702 Parsharti Inv KRUPA SANJAY SONI S 27722 35.67
3/2/2010 526747 PG Foils KISHAN MOHTA B 50000 45.15
3/2/2010 526747 PG Foils GINNI FINANCE PVT. LTD. S 50000 45.15
3/2/2010 531855 Prabhav Inds SURESH KARSAN SATRA B 45000 40.85
3/2/2010 531855 Prabhav Inds KAVIT INVESTMENT PVT LTD S 40600 40.85
3/2/2010 531855 Prabhav Inds PUSHPA RAMESH SHAH S 50000 40.85
3/2/2010 503873 Priyadarshini Spn PRADEEP KR AGGARWAL B 56096 19.17
3/2/2010 509839 Punjab Wool ANITA MANOJ JAIN B 61301 5.48
3/2/2010 531273 Radhe Dev KRUSHNAKUMAR RAMSUNDAR TIWARI S 1355110 4.45
3/2/2010 523523 Rainbow Papers PARESH NAVNITLAL BHAGAT B 55100 116.92
3/2/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA B 48326 33.83
3/2/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA S 39650 33.80
3/2/2010 590077 Ranklin Sol SATISH MORTHA S 26800 54.95
3/2/2010 530271 Rich Capital SCOPE VYAPAR PRIVATE LIMITED B 49500 57.73
3/2/2010 532793 Shree Ashtavina TRANSGLOBAL SECURITIES LTD. B 870727 26.28
3/2/2010 532793 Shree Ashtavina TRANSGLOBAL SECURITIES LTD. S 870727 26.33
3/2/2010 512413 Spectacle Inds VIVEK KISHANPAL SAMANT B 320200 84.91
3/2/2010 512413 Spectacle Inds BHARAT G VAGHELA S 259847 85.06
3/2/2010 590047 Sunderam Multi REGENCY TRUST LIMITED B 400000 43.34
3/2/2010 590047 Sunderam Multi STANDARD CHARTERED BANK (MAURITIUS) LIMITED A/C EMERGING IND S 392546 43.35
3/2/2010 514138 Suryalata Spin SUDINI MADHURI B 40979 90.80
3/2/2010 533121 THINKSOFT A K G STOCK BROKERS PRIVATE LIMITED B 73298 480.41
3/2/2010 533121 THINKSOFT A K G STOCK BROKERS PRIVATE LIMITED S 73298 481.17
3/2/2010 532384 Tyche Inds SAROJ PODDAR B 50000 18.30
3/2/2010 532384 Tyche Inds LALITKUMAR PODDAR S 50000 18.30
3/2/2010 531574 VAS Infra SHRADHA TRADELINKS P. LTD B 242210 31.70
3/2/2010 531574 VAS Infra PUSHPABEN BABULAL SHAH S 69454 31.70
3/2/2010 531950 Vertex Sec EMERGING STAR INV PVT LTD S 28231 23.10
3/2/2010 530961 Vikas Globalone MOONLITE PETRO PRODUCTS PRIVATE LIMITED B 142423 30.40
3/2/2010 530961 Vikas Globalone VIKAS PORTFOLIO PVT. LTD. S 52350 30.40
3/2/2010 530961 Vikas Globalone VINODKUMAR GARG&SONS HUF S 46660 30.40
3/2/2010 532411 Visesh Info SEEMA AGGARWAL S 213963 7.66
3/2/2010 531668 Vision Corp JAGDISH RAMNIKLAL SHETH B 152213 8.18
3/2/2010 531249 Well Pack Papers NIOL IMPEX PRIVATE LIMITED B 25300 422.80
3/2/2010 531249 Well Pack Papers RAMESHBHAI V PARMAR B 23900 423.72
3/2/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR B 36373 423.01
3/2/2010 531249 Well Pack Papers NAVNATH SAKHARAM GHONE B 27000 422.07
3/2/2010 531249 Well Pack Papers SHOBHNABEN R PARMAR B 51277 422.95
3/2/2010 531249 Well Pack Papers PANDYA YAMINIBEN M B 36505 422.26
3/2/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR S 38583 422.75
3/2/2010 531249 Well Pack Papers PANDYA YAMINIBEN M S 23110 421.76
3/2/2010 531249 Well Pack Papers SHOBHNABEN R PARMAR S 23980 422.80
3/2/2010 531249 Well Pack Papers SHREEDHAR YELLAIAH KODAM S 27350 422.01
3/2/2010 531249 Well Pack Papers RAMESHBHAI V PARMAR S 25962 422.48
3/2/2010 506720 Zandu Pharma A K G STOCK BROKERS PRIVATE LIMITED B 4470 5147.59
3/2/2010 506720 Zandu Pharma RKSV SECURITIES INDIA PVT LIMITED B 4485 5234.86
3/2/2010 506720 Zandu Pharma MARWADI SHARES AND FINANCE LTD. B 6807 4874.20
3/2/2010 506720 Zandu Pharma OPG SECURITIES P LTD B 4824 5039.35
3/2/2010 506720 Zandu Pharma OPG SECURITIES P LTD S 4824 5046.15
3/2/2010 506720 Zandu Pharma RKSV SECURITIES INDIA PVT LIMITED S 4485 5204.89
3/2/2010 506720 Zandu Pharma A K G STOCK BROKERS PRIVATE LIMITED S 4470 5141.25
3/2/2010 506720 Zandu Pharma EMAMI INFRASTRUCTURE LTD S 21500 4819.19
3/2/2010 506720 Zandu Pharma MARWADI SHARES AND FINANCE LTD. S 6807 4872.54
* B - Buy, S - Sell
NSE Bulk Deals to Watch - Feb 3 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,CPR CAPITAL SERVICES LTD.,BUY,210384,69.54,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,REGENT FINANCE CORPORATION PVT. LTD.,BUY,408713,68.60,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,123620,76.58,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,VASANTI SHARE BROKERS LIMITED,BUY,189644,69.58,-
03-FEB-2010,BHARTISHIP,Bharati Shipyard Limited,MBL & COMPANY LTD.,BUY,162953,331.36,-
03-FEB-2010,FAME,Fame India Limited,RELIANCE CAPITAL PARTNERS,BUY,435128,44.77,-
03-FEB-2010,GOLDTECH,Goldstone Tech Ltd.,SETU SECURITIES LTD,BUY,124114,43.20,-
03-FEB-2010,HYDRBADIND,Hyderabad Industries Ltd,CENTRAL INDIA INDUSTRIES LTD,BUY,122188,593.60,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,241662,198.27,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,BP FINTRADE PRIVATE LIMITED,BUY,300825,198.71,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,DINESH MUNJAL(HUF),BUY,310408,199.21,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,1001142,195.80,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,INDIA ADVANTAGE SECURITIES LTD.,BUY,302675,197.67,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,BUY,423410,195.40,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,625136,196.67,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,285127,194.43,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,OM INVESTMENTS,BUY,268756,197.22,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,R.M. SHARE TRADING PVT LTD,BUY,229958,195.27,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,SANDEEP JAIN (HUF),BUY,325259,197.63,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,T.ROWE PRICE INTERNATIONAL -INTERNATIONAL DISCOVERY FUND,BUY,1059935,196.87,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,TRIPTI SINGHVI,BUY,263412,196.00,-
03-FEB-2010,JKTYRE,JK Tyre & Industries Ltd,PALLAVI VORA,BUY,229080,181.67,-
03-FEB-2010,JKTYRE,JK Tyre & Industries Ltd,SHRADDHA NILESH MEHTA,BUY,223895,181.07,-
03-FEB-2010,JKTYRE,JK Tyre & Industries Ltd,ULTIMA FINVEST Ltd.,BUY,12502,172.61,-
03-FEB-2010,KSERAPRO,K Sera Sera Productions L,BASMATI SECURITIES PVT LTD,BUY,1823111,14.04,-
03-FEB-2010,KSERAPRO,K Sera Sera Productions L,SUSHMA KAPUR (PROP. SHIVAM INVESTMENT),BUY,65368,13.94,-
03-FEB-2010,QUINTEGRA,Quintegra Solutions Ltd,JUDITH INVESTMENT PRIVATE LIMITED,BUY,600000,13.05,-
03-FEB-2010,QUINTEGRA,Quintegra Solutions Ltd,SETU SECURITIES LTD,BUY,513003,13.05,-
03-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,SUMAN,BUY,1043043,25.78,-
03-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,TRANSGLOBAL SECURITIES LTD.,BUY,808809,26.40,-
03-FEB-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,83823,480.84,-
03-FEB-2010,ZANDUPHARM,Zandu Pharma works Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,4639,5126.06,-
03-FEB-2010,ZANDUPHARM,Zandu Pharma works Ltd,M/S RUKHMANI TRADERS,BUY,5676,5049.99,-
03-FEB-2010,ZANDUPHARM,Zandu Pharma works Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,9092,4848.86,-
03-FEB-2010,ZANDUPHARM,Zandu Pharma works Ltd,VIJETA BROKING INDIA PRIVATE LIMITED,BUY,4402,4907.52,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,AANGI SHARES & SERVICES PVT. LTD,SELL,221480,71.71,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,BHAKTISURI SHARES AND SERVICES,SELL,241000,69.36,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,BLUE SQUARE CORPORATE SERVICES PVT LTD,SELL,94000,69.03,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,CPR CAPITAL SERVICES LTD.,SELL,210384,69.53,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,PARSVANATH FINCON PRIVATE LIMITED,SELL,208864,72.75,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,PRASANN SHARES & SERVICES PRIVATE LIMITED,SELL,246910,70.29,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,REGENT FINANCE CORPORATION PVT. LTD.,SELL,433713,69.43,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,SUBODHSAGAR SHARES & SERVICES PRIVATE LIMITED,SELL,102000,71.01,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,123620,77.15,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,VASANTI SHARE BROKERS LIMITED,SELL,189644,69.86,-
03-FEB-2010,ASTEC,Astec LifeSciences Ltd,YAMINI SUPPLIERS PRIVATE LIMITED,SELL,100000,68.00,-
03-FEB-2010,AUSTRAL,Austral Coke & Projects L,SICOM LTD,SELL,1950000,7.76,-
03-FEB-2010,BHARTISHIP,Bharati Shipyard Limited,MBL & COMPANY LTD.,SELL,162953,331.40,-
03-FEB-2010,FAME,Fame India Limited,PRAMOD P SHAH,SELL,338876,44.86,-
03-FEB-2010,GOLDTECH,Goldstone Tech Ltd.,SETU SECURITIES LTD,SELL,124115,42.64,-
03-FEB-2010,HYDRBADIND,Hyderabad Industries Ltd,HINDUSTAN MOTORS LTD,SELL,122188,593.60,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,241662,198.92,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,BP FINTRADE PRIVATE LIMITED,SELL,298832,198.61,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,DINESH MUNJAL(HUF),SELL,310408,199.16,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,1001142,195.82,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,INDIA ADVANTAGE SECURITIES LTD.,SELL,302675,198.03,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,SELL,423410,195.49,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,MANIPUT INVESTMENTS PVT. LTD.,SELL,625136,196.57,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,285127,194.34,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,OM INVESTMENTS,SELL,268756,197.36,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,R.M. SHARE TRADING PVT LTD,SELL,229958,195.18,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,SANDEEP JAIN (HUF),SELL,325259,197.60,-
03-FEB-2010,INFINITE,Infinite Computer Sol Ltd,TRIPTI SINGHVI,SELL,262412,195.61,-
03-FEB-2010,INOXLEISUR,INOX Leisure Limited,RELIANCE CAPITAL LTD,SELL,310000,85.29,-
03-FEB-2010,JKTYRE,JK Tyre & Industries Ltd,PALLAVI VORA,SELL,229080,181.50,-
03-FEB-2010,JKTYRE,JK Tyre & Industries Ltd,SHRADDHA NILESH MEHTA,SELL,223895,181.63,-
03-FEB-2010,JKTYRE,JK Tyre & Industries Ltd,ULTIMA FINVEST Ltd.,SELL,212502,182.57,-
03-FEB-2010,KSERAPRO,K Sera Sera Productions L,BASMATI SECURITIES PVT LTD,SELL,469561,14.02,-
03-FEB-2010,KSERAPRO,K Sera Sera Productions L,SUSHMA KAPUR (PROP. SHIVAM INVESTMENT),SELL,1915368,14.11,-
03-FEB-2010,QUINTEGRA,Quintegra Solutions Ltd,SETU SECURITIES LTD,SELL,1,13.05,-
03-FEB-2010,QUINTEGRA,Quintegra Solutions Ltd,V RADHAKRISHNAN,SELL,1288449,13.05,-
03-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,SUMAN,SELL,993043,26.22,-
03-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,TRANSGLOBAL SECURITIES LTD.,SELL,801704,26.35,-
03-FEB-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,83823,480.66,-
03-FEB-2010,VISESHINFO,Visesh Infotecnics Limite,MRS. SEEMA AGGARWAL,SELL,200000,7.35,-
03-FEB-2010,ZANDUPHARM,Zandu Pharma works Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,4639,5137.27,-
03-FEB-2010,ZANDUPHARM,Zandu Pharma works Ltd,EMAMI INFRASTRUCTURE LIMITED,SELL,4870,5259.66,-
03-FEB-2010,ZANDUPHARM,Zandu Pharma works Ltd,EMAMI INFRASTRUCTURE LIMITED,SELL,44000,4889.91,-
03-FEB-2010,ZANDUPHARM,Zandu Pharma works Ltd,M/S RUKHMANI TRADERS,SELL,5676,5069.35,-
03-FEB-2010,ZANDUPHARM,Zandu Pharma works Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,9092,4856.46,-
03-FEB-2010,ZANDUPHARM,Zandu Pharma works Ltd,VIJETA BROKING INDIA PRIVATE LIMITED,SELL,4402,4905.97,-
Bulls on U-turn
Today's major news
Bharat Electronics to get Rs4,279-crore contract from the Indian Air Force (IAF) for Akash missiles; the stock rises 2.74%
Wipro Consumer Care likely to buy Tura; the stock surges 2.65%
Infinite Computer Solutions lists at Rs178.35
Inox hits 52-week high on Fame India acquisition; the stock jumps 11.74%
Larsen & Toubro upbeat on winning second order in this week; the stock rises 3.80%
Click here for more stories
Post-market summary
Global signals
The European indices opened weak on the back of disappointing results by Electrolux and Roche. At the time of writing this report FTSE 100 was up 0.32%.
All the major Asian indices closed higher. Shanghai Composite closed above 3000 levels. SGX Nifty surged 101 points.
US stock futures opened marginally lower, as investors eagerly await data on Challenger job cuts, ADP Employment change, ISM services data and crude inventories data.
Indian indices
Bulls that were trounced badly yesterday were back with vengeance today. On the springboard of strong global cues and on hopes that the government may delay the withdrawal of stimulus package coupled with tremendous buying in index heavyweights, metal and realty stocks, the bulls drubbed the bears today. The Sensex that opened 47 points higher at 16210 (the day’s low) extended its gains as the session progressed to touch the day’s high of 16553. At closing bell, the Sensex closed at 16496, 333 points higher. Nifty closed at 4932, 102 points higher.
Market sentiment
The market breadth, the number of advancing shares to declining shares, was positive. Of the total 2,921 stocks traded on the BSE, 1,775 stocks advanced, whereas 1,046 stocks declined. Hundred stocks closed unchanged.
Sectoral & stock screening
With the bulls charging ahead all along the day, it was all green on sector indices fronts. The BSE Metal topped the chart with gains of 4.01% followed by the BSE Realty that gained 2.81% and the BSE CD surged 2.63%.
On stocks' front, JSW Steel surged the most—by 8.44%—followed by Reliance Natural Resources, which rose 7.95%, and Sterlite Industries that jumped 5.97%. On the losers’ list, Spice Communications topped with a loss of 5.84%, followed by Jain Irrigation, which slid 1.42%, and Marico, which fell 1.22%.
Viewing volumes
Reliance Natural Resources saw the highest trading with over 1.31 crore shares changing hands on the BSE followed by realty major Unitech (0.64 crore shares), industrial finance company IFCI (0.62 crore shares), Ispat Industries (0.52 crore shares) and Rashtriya Chemicals and Fertilisers (0.48 crore shares).
NTPC FPO Analysis - Review
Sound and stable
Solid long-term growth potential, but lackluster track record
NTPC, a public sector undertaking under the Ministry of Power, is the largest power generating company in India with an installed power generation capacity (including joint venture capacity) of about 30,644 MW end September 30, 2009. Of the owned power generation capacity of 28,350 MW, the share of coal-based thermal power plants is 86%, operated through 15 coal-based power stations. The balance 14% is gas-based, operated through seven gas-based power stations (including one naphtha-fired station). In fiscal ended March 2009 (FY 2009), the company contributed 28.6% of the total power generation of India.
Presently, NTPC is engaged in construction of projects representing 17,930 MW (including 4,000 MW undertaken by JV companies). It is also pursuing a basket of projects of approximately 33,000-MW capacity in various stages, including projects for which tenders have been invited, feasibility report (FR) prepared, or a FR is under preparation and approval, to achieve its stated goal of 75,000 MW capacity by FY 2017.
NTPC has embarked on diversifying its fuel mix. The company had 1,920-MW hydroelectric power projects under construction end September 30, 2009. About 552 MW is under bidding. It is also preparing FRs and detailed project reports for hydroelectric power projects to achieve hydroelectric capacity of approximately 9,000 MW by FY 2017. Similarly it is also seeking other renewable energy projects such as wind and solar to have 1,000-MW generating capacity from other renewable sources by FY 2017.
NTPC continues to diversify into areas such as coal mining, power trading and distribution to become an integrated power company. It has been awarded eight coal-mining blocks by the government of India including two blocks awarded for development under a JV with Coal India. In 2002, it incorporated NTPC Vidyut Vyapar Nigam, a power-trading subsidiary, which has grown to become the second largest power trader in the country. By leveraging its technical, operational skills and knowledge base, NTPC has developed a consulting business offering consulting services relating to capacity addition, operation, maintenance, renovation & modernization and performance improvement both in India and overseas. Total revenues from consulting business stood at Rs132.5 crore in FY 2009 compared with just Rs 34.1 crore in FY 2004. The company proposes and has initiated work for equipment manufacturing to ensure supply of critical equipment and spare parts, and an electricity distribution business.
To capitalize on the opportunity from sale of merchant power, NTPC is implementing 2,120-MW power projects as merchant power plants for selling power outside long-term power purchase agreements (PPAs) at market-based prices. As provided by the National Electricity Policy, 2005, up to 15% of new generating capacity may be sold outside long-term PPAs. However, some of the power generation from the company's merchant capacity may also be sold under PPAs.
The government of India, which owns 89.5% of the paid-up capital of the company, is divesting 5% of its stake through this follow-on offer.
Strengths
Has operational power generation capacity of over 30,644 MW. Is targeting a diversified power generation capacity 75,000 MW by FY 2017 at a CAGR of 13%. Has close to 17,930-MW capacity under construction including 4,000 MW by JV companies. Has projects with an aggregate capacity of another 10,000 MW is under bidding and about 25,000 MW for which sites have been identified and studies are under progress.
Has a strong track record in operating its plants at higher efficiency. In terms of availability factor, a measure of how often a station is available to generate power, and average plant load factor (PLF), a measure of how much of its capacity a plant actually uses to generate electricity, the power stations of NTPC are efficiently operated. Out of 15 coal-based power stations, five stations have operated at a PLF of greater than 95% and one among the five even operated at a PLF of 99.4% in FY 2009. Considering all 15 coal-based power stations, the average PLF works out to 91.1% with an average availability factor of 92.5% in FY 2009 compared with the all-India average PLF for coal-based stations of 77.2%. The gas-based stations of the company operated at an average availability of 86.7% in FY 2009 and an average PLF of 67.0% compared with the all-India average PLF for gas-based stations of 57.6%. Moreover, the PLF of gas-based stations improved to 78.4% in the first half of FY 2010 due to increased gas availability.
All owned installed capacity of 28,350 MW is contracted for sale through long-term PPAs with state electricity boards (SEBs) and distribution companies. More than 90% of its sales of electricity is to SEBs and state owned distribution companies for which payments are secured through letter of credit and the tripartite agreements. This assures steady cash flow. Moreover, will be able to cash on the higher unscheduled interchange charges if able to operate the plant at higher scheduled capacity or the client fails to take the generated capacity in view of the strong demand-supply gap in the country. Moreover, the new generation units are eligible for 15% merchant sales component. This would allow exploitation of the current strong merchant power tariff market in the country.
Has ensured fuel supply with long-term supply agreements. Had signed long-term coal supply agreements covering 12 of its 15 coal-based stations with Coal India and its subsidiaries in September 2009. Also executed gas supply agreements with Gail India for gas-based power stations. These are valid up to 2021.
The balance sheet is strong to leverage for future investment commitments. Cash on hand in consolidated books was about Rs 17341.20 crore and net worth Rs 61846.20 crore end September 2009. The current cash position is more than enough for its equity commitments in JVs and special purpose vehicles.
Is set to become a Maharatna company, which will bestow more operational flexibility.
Weaknesses
Has little experience in setting up hydel power capacity as well as in coal mining. Despite having allotted six captive coal blocks, proposes to develop these blocks through a mine developer-cum-operator (MDO). Is yet to appoint a MDO. This might delay the coal development projects as well as the three power plants linked to it. Also, is yet to get the full land for the development of the mines.
Requires 168 tonnes of coal at 85% PLF and 16.4 Million Metric Standard Cubic Meter Per Day (mmscmd) of gas at 85% PLF by 2012. Despite long fuel supply agreement, India's mine development is not keeping pace with addition of generation capacity. This might lead to short supply of fuel and compel to tap overseas market. Though the fuel cost is a pass-through item, might be forced to operate at lower PLF if adequate coal is not available at right time.
In the first two-and-a-half years of the Eleventh Five-Year Plan, has added only 3,240 MW. Given the engineering, procurement and construction (EPC) and equipment constraint in the country for commissioning of power plants, the target of an installed commercially operational capacity of 50,000 MW by March 2012 from the current 30,644 MW will be a Herculean task.
Valuation
NTPC's net profit growth in the last few years has been lackluster. The floor price of Rs 201 discounts the annualized nine-months ended December 2009 consolidated EPS of Rs 10.7 by 18.8 times.
While the current price is Rs 207, the 50-day average, 100-day average and 200-day average works out to Rs 219, Rs 215, Rs 210. The scrip's beta is very low at 0.6, ensuring low market-related risk. Given the long-term growth prospects of the power sector and its dominant position and sound growth strategy, NTPC will continue to be fancied by institutional investors for taking low-risk long-term exposure to India's power sector.
Small-cap, mid-cap indices underperform Sensex
The key benchmark indices surged as strong response to NTPC's follow-on public offer (FPO), robust services sector data for January 2010 and firm global stocks boosted investor sentiment. The BSE 30-share Sensex rose 332.61 points or 2.06%. Metal, consumer durables, realty, banking and capital goods stocks rose. Index heavyweight Reliance Industries (RIL) pared earlier gains. The market breadth was strong. All the sectoral indices on BSE were in the green.
The large follow-on public offer (FPO) of state-run power generation firm NTPC was subscribed 70% by 16:00 IST on the first day of bidding for the issue today, 3 February 2010, data on NSE showed. Majority of the bids were at Rs 209 per share. The government has fixed the benchmark price for the proposed divestment of government stake at Rs 201 per share.
NTPC kickstarts what is expected to be a large fund raising exercise by Indian firms in calendar 2010 from share sales. A section of the market is concerned that a glut in share sales will soak liquidity from the secondary market. As per reports, Indian firms may raise $30 billion from share sale in 2010, led by government stake sales and initial public offers from power and property firms. Indian companies raised about $20 billion from share sales in calendar 2009.
The government currently holds an 89.5% stake in NTPC and it plans to dilute 5% through the FPO. At the floor price, the government would mop up Rs 8286 crore. NTPC's FPO is the first public issue which is adopting the French Auction route to raise funds. Under the French Auction model, institutional buyers are free to bid above a certain floor price. The highest bidder gets preference during the allotment of shares
The government has targeted raising Rs 25000 crore in the fiscal year through March 2010 by selling stakes in state-run companies. So far, it has managed to net Rs 4259 crore. The Indian government is selling bits of state-run companies as part of efforts to bridge a budget deficit that is estimated to swell to a record 6.8% of gross domestic product in the year through March 2010
Besides NTPC, Rural Electrification Corporation plans to raise nearly $1 billion through a follow-on offering which will open on 19 February 2010 and close 23 February 2010. Mining company NMDC is scheduled to come to market in the second week of March 2010 to raise around $3 billion and Satluj Jal Vidyut Nigam is expected to mop up about $260 million in an initial public offering toward the end of March 2010.
The Reserve Bank of India (RBI) said on Wednesday it had decided to withdraw a short-term foreign currency funding facility provided to non-banking financial and home finance firms, with immediate effect. The decision has been taken after a review of the prevailing macro-economic conditions and improvements in the domestic credit and liquidity conditions, the Reserve Bank of India said in a statement. It had introduced this facility in October 2008, which allowed the firms to raise foreign currency borrowings from the central bank to refinance short-term liabilities.
India's chief statistician Pronab Sen today said that data suggests that industrial recovery in the country is on track, but the government would wait for the March 2010 quarter economic data before taking a call on exiting stimulus measures. Market men expect Finance Minister Pranab Mukherjee to announce stimulus exit measures when he presents the annual budget for 2010/11 on 26 February 2010.
A change in the base year used to calculate gross domestic product may help reduce fiscal deficit for 2009/10 to 6.41% of GDP, Pronab Sen said on Wednesday. The government in the budget had targetted India's fiscal deficit at 6.8% of GDP in 2009/10.
Business activity among Indian services companies expanded at its fastest pace in 16 months in January 2010, rising for a second straight month on sharp increase in new work orders, a survey showed. The HSBC Markit Business Activity Index, based on a survey of 400 Indian firms, rose to 58.96 in January 2010, its highest since September 2008, after rising to 57.41 in December 2009.
Earlier this month, another data showed that manufacturing activity grew at its fastest pace in almost 1-1/2 years in January 2010, driven by a sharp rise in new export orders that are supporting a recovery in the industrial sector. The HSBC Markit Purchasing Managers' Index (PMI), based on a survey of 500 Indian companies, rose to 57.7 in January 2010, its strongest reading since August 2008 and up from 55.6 in December 2009.
Exports continued to rebound, rising an annual 9.3% in December to $14.6 billion, their second consecutive monthly rise, although the pace of annual growth was slower than the 18.2% registered in November. Imports increased by 27.2% in December from a year earlier to $24.75 billion while the trade deficit shrunk by a little over 28 percent to $76.24 billion for the April- December 2009 period.
On Friday 29 January 2010, the Reserve Bank of India (RBI) raised the cash reserve ratio for banks by a higher-than-expected 75 basis points in an effort to soak up excess liquidity, and ramped up its forecast for GDP growth in the current fiscal year through March to 7.5% from its earlier forecast of 6%. It lifted its wholesale price index inflation forecast for the end of the fiscal year in March to 8.5% from 6.5%.
The RBI will target inflation in the coming months, RBI Governer D Subbarao said on Monday. Subbarao also said it is important for the government to withdraw the stimulus and that the government and central bank would have to coordinate in withdrawing stimulus. He reiterated that the economy is back to growth and added that the challenge is to accelerate momentum.
European shares advanced for a fourth consecutive session on Wednesday, with stronger miners on the back of firm metals prices outpacing a weaker pharma sector, which slipped after Roche's profit missed expectations. In Europe, the key benchmark indices in France, Germany and UK rose by between 0.27% to 0.73%.
Asian shares rose on Wednesday with resources stocks leading the way, as demand for riskier assets increased after Wall Street rallied on Tuesday on upbeat US corporate earnings and economic data. The key benchmark indices in China, Hong Kong, Indonesia, Japan, South Korea, Singapore and Taiwan rose by between 0.32% to 2.36%.
Trading in US index futures indicated Dow could gain 13 points at the opening bell on Wednesday, 3 February 2010.
In US market action on Tuesday after a shaky start, the Dow logged its second straight triple-digit gain and the S&P 500 jumped back to the 1100 mark. Some encouraging earnings report, positive pending home sales data and strong auto sales from Ford led the upmove. Ford's sales rose 35% in January 2010. The Dow Jones industrial average added 111.32 points, or 1.09%, at 10,296.85. The Standard & Poor's 500 Index rose 14.13 points, or 1.30%, to 1,103.32. The Nasdaq Composite Index added 18.86 points, or 0.87%, to 2,190.06.
Closer home, the BSE 30-share Sensex rose 332.61 points or 2.06% to 16496.05. The index rose 389.55 points at the day's high of 16,552.99 in afternoon trade. The Sensex rose 46.81 points at the day's low of 16,210.25 in early trade.
The S&P CNX Nifty rose 101.75 points or 2.11% to 4931.85. Nifty February 2010 futures were at 4,921.05, at a discount of 10.80 points as compared to the spot closing of 4,931.85. Turnover in NSE's futures & options (F&O) segment was Rs 78,755.97 crore, lower than Rs 79,683.06 crore on Tuesday, 2 February 2010.
The BSE Mid-Cap index rose 1.5% and the BSE Small-Cap index rose 1.06%. Both the indices underperformed Sensex.
All the sectoral indices on BSE rose. BSE Metal index (up 4.01%), BSE Realty index (up 2.81%), BSE Consumer Durables index (up 2.63%, BSE Capital Goods index (up 2.12%), and banking sector index Bankex (up 2.07%), outperformed the Sensex. BSE Healthcare index (up 0.6%), BSE Power index (up 0.98%), BSE Oil & Gas index (up 1.36%), BSE PSU index (up 1.43%), BSE IT index (up 1.72%), BSE Auto index (up 1.77%), and BSE FMCG index (up 2.01%), underperformed the Sensex.
The market breadth, indicating the overall health of the market, was strong. On BSE, 1772 shares advanced as compared with 1048 that fell. A total of 100 shares remained unchanged.
From 30 shares Sensex pack, 29 rose and one fell.
BSE clocked turnover of Rs 4425 crore, lower than Rs 5187.21 crore on Tuesday, 2 February 2010.
Index heavyweight Reliance Industries (RIL) rose 0.7% to Rs 1033.75. It came off the day's high of Rs 1047.80. The company's net profit rose 15.77% to Rs 4008 crore on 89.77% surge in total income to Rs 57364 crore in Q3 December 2009 over Q3 December 2008. RIL said the results had been reworked and restated to include figures from Reliance Petroleum, which it absorbed last year. The company announced the Q3 result during market hours on 22 January 2010.
Consumer durables stocks rose on good Q3 result. Rajesh Exports, Videocon Industries, Blue Star, Titan Industries rose by between 0.136% to 6.46%.
India's largest power utility firm by sales NTPC rose 1.82% on strong response to its FPO. Among other power firms, CESC, Torrent Power, Tata Power Company, Reliance Power fell by between 0.01% to 2.14%.
Metal stocks rose after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 0.97% on Tuesday, 2 February 2010. National Aluminium Company rose 2.92%. The company's net profit declined 29.3% to Rs 155.18 crore in Q3 December 2009 over Q3 December 2008.
India's largest non-ferrous metal firm by capacity Sterlite Industries India rose 5.97%. Sterlite Industries' bauxite mining project in the Niyamgiri hills in eastern Orissa may reportedly face a setback, with court documents revealing inconsistencies in the approval process. Sterlite Industries' net profit slumped 77.16% to Rs 46.59 crore on a 39.83% increase in sales to Rs 3611.99 crore in Q3 December 2009 over Q3 December 2008.
India's largest private sector aluminum maker by sales Hindalco Industries rose 3.27%. The company's net profit fell 21.60% to Rs 427.10 crore on a 29.56% increase in sales to Rs 5286.10 crore in Q3 December 2009 over Q3 December 2008.
Steel stocks rose on reports that top private steel makers including JSW Steel, Essar Steel and Ispat Industries have begun the year on a strong footing with up to 30% growth in sales volume in January 2010 over the year ago period boosted by robust demand from automobile and consumer durable sectors.
India's largest private sector steel maker by sales Tata Steel rose 4.91%. The company's net profit surged 155.6% to Rs 1191.75 crore in Q3 December 2009 over Q3 December 2008. The company announced the result during market hours on Thursday 28 January 2010.
Tata Steel will report consolidated third-quarter results, to include the Corus numbers this month. The Indian operations account for a quarter of the group's annual global capacity of about 30 million tonnes.
Steel Authority of India (Sail) rose 4.92%. Sail on Tuesday announced a new round of hike in steel prices of Rs 500 per tonne for flat products. Sail reported a 99% jump in its net profit at Rs 1,675.55 crore in Q3 December 2009 over Q3 December 2008.
JSW Steel rose 8.44%. The company said today crude steel output rose 66% in January 2010 over January 2009.
Tata Steel, Essar Steel, JSW Steel and Ispat Industries may reportedly also increase prices taking into consideration the rising input costs.
Rate sensitive realty shares rose after the Reserve Bank kept interest rates steady in its quarterly monetary policy late last month. Ackruti City, Indiabulls Real Estate, Housing Development & Infrastructure, Omaxe rose by between 0.7% to 4.49%.
India's largest realty player by sales DLF rose 2.94%. The company's net profit rose 26.04% to Rs 224.43 crore on 109.03% rise in sales to Rs 887.16 crore in Q3 December 2009 over Q3 December 2008. The company announced the Q3 result last week.
Unitech rose 2.61%. The company's net profit rose 576.6% to Rs 131.94 crore on 216.7% rise in sales to Rs 642.88 crore in Q3 December 2009 over Q3 December 2008.
Rate sensitive banking shares rose after Reserve Bank kept interest rates steady in its quarterly monetary policy review late last month. India's second largest private sector bank by net profit HDFC Bank rose 2.19% on bargain hunting after last two days' fall. Its ADR rose 0.61% on Tuesday. India's largest private sector bank by net profit ICICI Bank rose 2.56%. Its ADR fell 0.39% on Tuesday.
India's largest bank by net profit and branch network State Bank of India rose 1%. SBI chairman O P Bhatt recently said deposit rates may not go up immediately but there is no room for deposit rates to come down.
Commercial banks do not see any upward pressure on lending rates in the next six months, after the Reserve Bank raised banks' reserve requirements on Friday, 29 January 2010 top bankers said. The head of Indian Banks' Association (IBA), the apex industry body, said lending rates were expected to be stable till the first quarter of fiscal year starting 1 April 2010.
Banks' outstanding loans fell by Rs 11,900 crore in the two weeks to 15 January 2010 because companies repaid some loans as is typical at the beginning of a quarter, the central bank's data showed last week. The Reserve Bank of India data showed loans fell to Rs 30,08,000 crore in the two weeks to 15 January 2010 and deposits fell by around Rs 22,000 crore to Rs 42,43,000 crore. In the two weeks to 1 January 2010, outstanding loans rose by a massive Rs 78,192 crore and deposits also went up by Rs 82,769 crore.
India's largest engineering and construction firm by sales Larsen & Toubro rose 3.8%. The company announced today that it won orders worth Rs 1100 crore.
India's largest power equipment maker by sales Bharat Heavy Electricals rose 0.49% on bargain hunting after losses in the past two days. Bharat Heavy Electricals said last week it would sign an agreement with the Madhya Pradesh state utility to jointly set up a 1,600 megawatts thermal power plant in the central Indian state.
Among other capital goods stocks, Siemens, ABB, Thermax, BEML and Praj Industries rose by between 0.3% to 2.98%.
Shares of oil exploration firms rose after crude oil prices surged nearly 4% on the New York Mercantile Exchange, on Tuesday, 2 February 2010. Cairn India rose 1.51%. India's biggest state-run oil exploration firm by revenue Oil & Natural Gas Corporation (ONGC) advanced 2.65%. India's second biggest oil and gas exploration firm by revenue, Oil India, gained 3.14%. Rise in crude oil prices would result in higher realizations from crude sales for oil exploration firms.
Light, sweet crude oil rose $2.80, or 3.76%, to $77.23 a barrel on the New York Mercantile Exchange on Tuesday, 2 February 2010 fuelled by encouraging economic data and weak dollar.
PSU OMCs rose. As per reports, a government panel on oil fuel pricing has recommended lifting government control over petrol prices at the refinery and retail level. It also recommended retail diesel prices be market driven. BPCL, HPCL and Indian Oil Corporation rose by between 0.02% to 2.48%.
Cement shares gained after most firms posted higher cement sales last month. UltraTech Cement rose 1.29% after gaining 3.03% on Tuesday. Aditya Birla Group's cement shipments rose 14% to 34.3 lakh tonnes in January 2010 over January 2009.
Ambuja Cements rose 0.93%. Ambuja Cements' January shipments rose to 17.5 lakh tonnes, up 7.5% from a year earlier. The company said production rose to 17.4 lakh tonnes from 16.1 lakh tonnes.
Shree Cement rose 0.7%. Shree Cement's January shipments rose 18% to 8.82 lakh tonnes, up from 7.49 lakh tonnes a year earlier. Total shipments during April-January period rose 24% to 76.5 lakh tonnes, up from 61.8 lakh tonnes a year ago.
ACC rose 1.3%. ACC's shipments in January rose 1.1% to 19.1 lakh tonnes from 18.9 lakh tonnes a year earlier. The company said production rose to 18.9 lakh tonnes from 18.7 lakh tonnes.
FMCG and healthcare stocks rose on strong Q3 result. Among FMCG stocks, Hindustan Unilever, Nestle India, Dabur India, Tata Tea, ITC, rose by between 0.06% to 3.33%.
Among healthcare stocks, Biocon, Cipla, Aurobindo Pharma rose by between 1.92% to 2.02%.
Stocks from interest rate sensitive auto sector rose on strong vehicle sales in January 2010. India's largest tractor maker by sales Mahindra and Mahindra (M&M) rose 3.08%. Mahindra & Mahindra total vehicle sales jumped 71.2% to 30,149 units in January 2010 over January 2009.
India's top truck marker by sales Tata Motors rose 1.94%. Tata Motors total sales rose 77% to 65,478 units in January 2010 over January 2009. Domestic sales rose 74% to 62,202 units in the same period. Commercial vehicles sales increased 107% to 35,957 units, while passenger vehicle sales rose 43% to 28,547 units in January 2010 over January 2009.
Bajaj Auto rose 1.23%. The company's total vehicle sales soared 101% to 2.66 lakh units in January 2010 over January 2009.
India's largest motorbike maker by sales Hero Honda Motors rose 2.05%. Hero Honda Motor's total sales rose 23.6% to 389,802 units in January 2010 over January 2009. After market hours on 25 January 2010, the company reported a 78.34% rise in net profit to Rs 535.77 crore on a 32.72% rise in sales to Rs 3814.42 crore in Q3 December 2009 over Q3 December 2008.
India's top small car maker by sales Maruti Suzuki India rose 0.67%. The company's vehicle sales rose 33.3% to 94649 units in January 2010 over January 2009.
But, TVS Motor Company fell 2.28%. The company's vehicle sales rose 34% in January 2010 over January 2009.
IT stocks rose on improved economic data in the US. US is the biggest market for the Indian IT firms. India's largest IT exporter by sales Tata Consultancy Services rose 2.09% after gaining 1.78% on Tuesday.
India's third largest software services exporter Wipro rose 2.65%. Its ADR fell 1.52% on Tuesday. Wipro Consumer Care and Lighting, the FMCG arm of Wipro, is reportedly in advanced talks to buy Nigeria-based skincare company, Tura International.
India's second largest IT exporter by sales Infosys rose 1.34% extending Tuesday's 1.71% gains. Its ADR rose 0.4% on Tuesday.
Hindustan Fertiliser and Chemicals clocked highest volume of 1.64 crore shares on BSE. Infinite Computer Solutions (1.63 crore shares), Fame India (1.62 crore shares), Cals Refineries (1.55 crore shares) and Reliance Natural Resources (1.31 crore shares) were the other volume toppers in that order.
Infinite Computer Solutions clocked the highest turnover of Rs 313.88 crore on BSE. Tata Steel (Rs 166.25 crore), State Bank of India (Rs 162.30 crore), National Fertiliser (Rs 103.54 crore) and Relaince Industries (Rs 91.04 crore) were the other turnover toppers in that order.
Market may witness pull-back
Headlines for the day
BEL to get Rs4,279-crore IAF order for Akash missiles
ITC to open nine more Fortune hotels this year
Siemens to invest Rs1,600 crore in Indian infra over 3 years
Titan to set up watch assembly facility
Axis looks to beef up affluent banking
Events for the day
Major corporate action:
NTPC Ltd FPO opens today
Emmbi Polyarns Ltd IPO closes today
Listing of Infinite Computer Solutions India Ltd
Ex-date for interim dividend of Aarti Industries, Bharat Electronics, Edelweiss Capital, Garware Offshore, Gujarat Reclaim, Kirloskar Oil, Mundra Port, Orbit Exports, Page Industries, Rishabh Digha and Transport Corporation.
Ex-date for Amalgamation of Brabourne Enterprise, CHI Investments, Octav Investments and Summit Securities.
Ex-date for rights issue of Hinduja Foundry in the ratio of 7:13.
Pre-market report
Global signals
On Tuesday, European stocks were closed higher on third straight session as mining and banking stock rise. At the end, FTSE 100 was closed 0.68% higher at 5283.
On second straight session, US markets were closed higher on the back of better than expected earning and solid pending home sales data. At the end, Nasdaq was closed at 2190, 19 points higher.
In today's trade, all the Asian Indices are trading higher except Shanghai Composite that trading marginally lower. At the time of writing this report, SGX Nifty is trading higher by 27 points.
Indian markets
The domestic indices are expected to continue its downward journey on fifth straight session following the weak global cues. The market is likely to opens on positive note on the back of strong Asian markets in morning trades and overnight gains in the US indices.
Among the local indices, the Nifty could test the 4900-4950 range on the up side, while on the down side it could find support at 47800 and 4800. While the Sensex is likely to get support at 16100 and may face resistance at 16500.
Indian ADR's
Among the Indian ADRs trading on the US bourses, Dr Reddy lead the gainers chart with gains of 4.42%, while on other hand MTNL hit the most with loss of 2.20%
Commodity cues
In the commodity space, wherein the Crude oil prices recorded decline, with the Nymex light crude oil for March series down by $0.4 to settle at $76.83 a barrel.
In the metals space, Comex Gold for April series up by $13.20 to settle at $1118.20 to a troy ounce.
In the metals space, Comex Silver for March series rise by $0.08 to settle at $16.74 to a troy ounce.
Daily trend of FII/MF investment in equities
On February 02, 2010, FIIs were the net sellers of the Indian Stocks in the tune of Rs48.80 crore (with the gross purchase of Rs2345.50 crore and gross sales of Rs2394.30crore).
While the Domestic mutual funds, on February 01, 2010, were the net buyers of the stocks in the tune of Rs32.50 crore (with gross purchase of Rs595.10 crore and gross sales of Rs562.50 crore).
Latest Grey Market Premiums - Feb 3 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) | Kostak (Rs. 1 Lac Application) |
| Jubilant Food Works | 135 to 145 | 18 to 19 | -- |
| Infinite Computer | 165 | 30 to 32 | -- |
| Aqua Logistics | 200 to 225 | 7 to 7.50 | -- |
| Syncom Healthcare | 65 to 75 | 9 to 10 | -- |
| Thangamayil Jewellery | 70 to 75 | 3 to 3.50 | -- |
| Vascon Engg. | 165 | 8 to 9 | -- |
| D. B. Realty | 468 to 486 | 10 to 11 | -- |
| Emmbi Polyarns | 40 to 45 | 4.5 to 5 | 1900 to 2000 |
| NTPC (FPO) | 201 | 10 to 12 | 2600 to 2700 |
| ARSS Infrastructure Projects | 410 to 450 | -- | -- |
| Hathway Cable & Data Comm. | -- | -- | -- |
| REC (FPO) | -- | -- | -- |
Market may open higher on positive Asian stocks; NTPC FPO eyed
The market may open higher on positive Asian stocks. US stocks edged higher on Tuesday after U.S. pending home sales increased in the month of December 2010. Investors will closely watch opening of the large follow-on public offer (FPO) of state-run power generation firm NTPC today, 3 February 2010.
The government fixed the benchmark price for the proposed divestment of government stake at Rs 201 per share. NTPC kickstarts what is expected to be a large fund raising exercise by Indian firms in calendar 2010 from share sales. A section of the market is concerned that a glut in share sales will soak liquidity from the secondary market. As per reports, Indian firms may raise $30 billion from share sale in 2010, led by government stake sales and initial public offers from power and property firms. Indian companies raised about $20 billion from share sales in calendar 2009.
On the macro front, manufacturing activity in January 2010 grew at its fastest pace in almost 1-1/2 years, driven by a sharp rise in new export orders that are supporting a recovery in the industrial sector, a survey showed on Monday. The HSBC Markit Purchasing Managers' Index (PMI), based on a survey of 500 Indian companies, rose to 57.7 in January, its strongest reading since August 2008 and up from 55.6 in December.
Exports continued to rebound, rising an annual 9.3% in December to $14.6 billion, their second consecutive monthly rise, although the pace of annual growth was slower than the 18.2% registered in November. Imports increased by 27.2% in December from a year earlier to $24.75 billion while the trade deficit shrunk by a little over 28 percent to $76.24 billion for the April- December 2009 period.
On Friday 29 January 2010, the Reserve Bank of India (RBI) raised the cash reserve ratio for banks by a higher-than-expected 75 basis points in an effort to soak up excess liquidity, and ramped up its forecast for GDP growth in the current fiscal year through March to 7.5% from its earlier forecast of 6%. It lifted its wholesale price index inflation forecast for the end of the fiscal year in March to 8.5% from 6.5%.
The RBI will target inflation in the coming months, RBI Governer D Subbarao said on Monday. Subbarao also said it is important for the government to withdraw the stimulus and that the government and central bank would have to coordinate in withdrawing stimulus. He reiterated that the economy is back to growth and added that the challenge is to accelerate momentum.
Asian stocks advanced on Wednesday after U.S. pending home sales increased and commodity prices gained. The key benchmark indices in Hong Kong, Indonesia, Japan, South Korea, Singapore and Taiwan rose by between 0.28% to 0.59%. But China's Shanghai Composite fell 1.19%.
In US markets on Tuesday after a shaky start, the Dow logged its second straight triple-digit gain, the S&P 500 jumped back to the 1100 mark. Some encouraging earnings report, positive pending home sales data and strong auto sales from Ford led the upmove. Ford's sales rose 35% in January 2010.The Dow Jones industrial average added 111.32 points, or 1.09%, at 10,296.85. The Standard & Poor's 500 Index rose 14.13 points, or 1.30%, to 1,103.32. The Nasdaq Composite Index added 18.86 points, or 0.87%, to 2,190.06.
Closer home, Key benchmark indices declined reversing early gains on Tuesday, 2 February 2010 as investors turned cautious ahead of the opening of the large follow-on public offer (FPO) of state-run power generation firm NTPC on Wednesday, 3 February 2010. The BSE 30-share Sensex fell 192.59 points or 1.87% to 16,163.44 on that day.
As per provisional figures on NSE, foreign funds sold shares worth Rs 455.01 crore and domestic funds bought shares worth Rs 41.93 crore on Tuesday.
Copper adds strength
Housing data in US helps red metal to stop losing streak
After quite a few consecutive days of dropping, base metal prices ended higher on Tuesday, 02 February 2010. Prices rose due to better than expected economic reports mainly in the housing sector and weak dollar.
At USA, copper futures for March delivery ended higher by 0.6 cents (0.2%) to $3.0895 a pound. This year, till date, copper is lower by 8%. Copper ended FY 2009 higher by 140%.
At LME, copper for delivery in three months ended higher by $25 (0.4%) at $6,815. On 3 July, 2008, prices had touched an all time intra day high of $8,940.
Copper ended substantially higher last year on expectations of revived global economic growth along with a decline in the dollar. The dollar index had dropped almost 4.2% last year. The metal was also pushed higher by record first-half imports to China, the world's largest user.
The U.S. buys about 13% of the 17 million metric tons of copper sold annually and China buys about 20%.
Among economic data expected for the day, The National Association of Realtors reported on Tuesday, 2 February 2010 that pending home sales in US rose in December 2009 after the federal tax credit was reinstated.
As per the report, the pending home sales index rose 1% in December after plunging 16.4% in November, with buyers reacting first to the expiration and then to the return of the tax credit. The index was up 10.9% compared with December 2008. In December, existing-home sales fell 16.7%.
Separately, the Commerce Department reported on Tuesday, 2 February 2010 that housing vacancies remained near record levels in the fourth quarter with 2.1 million vacant homes for sale and 4.5 million for rent. Of all housing units built since 2000, 21% were vacant.
In the currency market on Tuesday, the dollar index, which weighs the strength of dollar against the basket of six other currencies fell by almost 0.3%.
In FY 2008, copper prices dropped by 54%. Prior to 2008, copper prices ended FY 2007 with a gain of mere 5.5% after a whopping 44% gain in FY 2006. The price of copper gained every year since 2002 as global economic growth boosted demand for the metal used in pipes and wires.
At the MCX, copper for February delivery closed lower by Rs 0.45 (0.14%) at Rs 315.6/Kg. Prices rose to a high of Rs 318.9/Kg and fell to a low of Rs 312.3/Kg during the day's trading.
Among other metals traded in the LME on Tuesday, lead ended 4.1% higher at $2,041 a ton and zinc gained 1.4% to end at $2,105 a ton. Nickel dropped 2.8% to end at $17,595. Aluminum added 0.5% to end at $2,090 a ton.
Daily News Roundup - Feb 3 2010
Siemens to invest Rs16bn in India in the next three years to build a production unit for wind turbines, besides other engineering products in the country. (ET)
Tata Steel to invest around US$300mn in a Quebec, Canada. (ET)
ITC to open nine more of its Fortune brand of hotels over a period of next 10 months. (BS) Reliance Communications has found few callers for a package that includes its prized FLAG undersea cable network. (ET)
ONGC has asked the government to make good on its promise to reimburse Rs7.6bn paid by the company in extra royalty and cess on behalf of other partners in seven pre-Nelp production blocks. (FE)
HDFC has decided to pay variable interest rate on recurring deposits, a move aimed at attracting long-term deposits and prevent premature withdrawal when interest rates peak. (ET)
BSNL and MTNL will be ready to implement the mobile number portability service by the new deadline of March 31,2010.(BS)
Siemens has received a contract from the Power grid corporation to construct a new 765/400kV sub-station at Meerut and augmentation of sub-station at Mandola (UP) and Ballabgarh (Haryana). (BS)
Great Offshore said it has deferred its funds raising plans. (FE)
Jet Airways to raise over US$200mn through the QIP route. (FE)
IDBI Bank plans to raise US$300mn through medium term note by the end of the current fiscal. (FE)
SAIL announced a new round of hike in steel prices of Rs500 per tonne for flat products. (FE)
Union Bank of India and Dena Bank have reduced their interest rates on most of the foreign currency deposits with effect from February 1. (ET)
Zylog has acquired Canada-based consulting and enginnering company Brainhunter for ~Rs1.5bn. (BS)
Bharat Electronics is set to get an order from the Indian Air Force (IAF) for supply of an additional 750 Akash medium-range surface-to-air missiles (SAMs) for six squadrons. Each squadron will have 125 missiles and radars and the order is valued at Rs43bn. (BS)
Bajaj Auto posted a 112% increase in motorcycle sales for the month of January, with major contributions coming from the newly-launched products under the Pulsar and Discover brands. (BS)
Titan Industries is set to open a new watch assembly facility in Pantnagar in Uttarakhand. (BS)
Bharat Biotech International would invest Rs2.5bn over the next two years in clinical research. (BS)
The Delhi High Court has stayed a decision to revoke the patent granted to Abbott Laboratories’ rheumatoid arthritis drug, Humira (adalimumab). (BS)
NTPC issue floor price set at Rs201. (FE)
In a bid to consolidate the nascent export recovery, the commerce & industry ministry is pushing for cheaper forex loans for exporters. Since liquidity has improved significantly since the financial sector meltdown, the ministry feels that there is a strong case for reducing the interest charged on foreign exchange loans.(ET)
India is unlikely to achieve the desired target of annual steel production capacity of 124 million tonne by 2011-12 due to slow progress in big expansion projects of different companies. (ET)
India’s coffee exports rose to to 15,103 tonnes in January, up by 65 per cent from the same last year. (ET)
Government plans to raise the cap on FDI by any single investor (currently 5%) in India’s stock and commodity exchanges .However, the overall cap on FDI for these bourses would remain 49%. (FE)
India and Germany talked about boosting their trade and security cooperation in combating global terrorism. (FE)
The MSME ministry has asked the finance minister Pranab Mukherjee to increase the lending priority and tax audit for micro enterprises. (FE)
The government said it will divest up to 15% stake in state-run Coal India Ltd in next six months. (FE)
Firm start likely, beware the volatility
History never looks like history when you are living through it.
Could we see history getting repeated today on the bourses? Will the market erase gains once again after an initial spurt? Well, many might be asking these questions as the market has turned topsy turvy of late. The market suddenly slipped on Tuesday after a higher start amid persistent selling by FIIs. Even the local funds, which have been countering the sudden reversal in FII flows, were rather circumspect. Broadly, the market remains in a consolidation mode without a clear bias. Volatility is here to stay, at least in the near term, amid external concerns and anxiety over the upcoming Budget.
Today, we expect a higher opening, buoyed by firm global markets. The Nifty will remain choppy and rangebound broadly between 4800-4900. Support is expected at 4770-4780 while resistance is likely to kick in at 4950-5000. There is a chance that the Nifty could go as low as 4600, especially if global cues deteriorate further. So, trade cautiously and invest carefully. Or stay on sidelines till the near-term uncertainty subsides.
The NTPC FPO opens today while Infinite Computers will make its debut.
DB Realty IPO closed yesterday with overall subscription at nearly 3 times. Aqua Logistics, which had to extend the date and pare the price band, also managed to pull through. There are concerns that the sudden reversal in the secondary market could spoil the party for those tapping the primary market. This includes the Government, which is looking to curb a spiraling fiscal deficit with a slew of PSU offers. Meanwhile, reports say that the FY10 fiscal deficit will be lower than the 6.8% of GDP estimated by the Finance Minister, thanks due to the change in the base year for calculating the GDP.
FIIs were net sellers in the cash segment on Tuesday at Rs4.55bn on a provisional basis while the local funds were net buyers of Rs419.3mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs3.97bn. As per SEBI figures, the FIIs were net sellers of Rs488mn in the cash segment on Monday. Mutual Funds were net buyers of Rs325mn in the cash segment on the same day.
After a two-week bloodletting, the US markets have started February on the upswing, but from a technical perspective an extended basing period is likely in order before last month's technical damage is repaired.
Separately, an analysis by Execution LLC using so-called Fibonacci numbers reveals that the Dow Jones Industrial Average may have peaked when it closed at 10,725 last month. The level, the highest since Sept. 2008, represented about 1.618 times the benchmark’s close of 6,626.94 on March 6, when the index sank to a 12-year low intraday.
US stocks rallied on Tuesday, with the Dow Jones Industrial Average posting its second straight triple-digit gain. Investors welcomed better-than-expected corporate results, signs of stability in the housing sector and solid auto sales.
The Dow rose 111 points, or 1.1%, to 10,296.85. The S&P 500 index gained 14 points, or 1.3%, at 1,103.32. The Nasdaq Composite rose 19 points, or 0.9%, at 2,190.06.
Tuesday's gains were broad based, with 28 of 30 Dow stocks rising.
The dollar fell versus the euro and the yen.
COMEX gold for April delivery rose $13.10 to settle at $1,117.40 an ounce.
US light crude oil for March delivery added $2.80 to settle at $77.23 a barrel on the New York Mercantile Exchange.
Treasury prices rose, lowering the yield on the 10-year note to 3.64% from 3.65% late on Monday.
US stocks are rising this week after a two-week selloff that saw the S&P 500 lose almost 7%. Worries about President Obama's plan to limit trading at big banks, China's lending curbs and global debt worries all led to the selloff.
While the concerns haven't disappeared, investors nonetheless used the selloff as an opportunity to get back into stocks at a lower level. Fourth quarter earnings have been strong, but that was already anticipated by investors and is having little impact on the broad market.
Wall Street is focusing on the outlook for banks, China and the deficit, and not really paying attention to the earnings.
Major automakers, including Ford Motor, General Motors and Nissan all reported improved January sales. However, Toyota, which earlier this month recalled millions of cars due to a faulty gas pedal, saw a bigger-than-expected decline in January sales.
UPS reported lower quarterly revenue and earnings versus a year earlier, but the results topped analysts' expectations. The company also issued a 2010 earnings forecast of $2.70 to $3.05 per share, up from 2009. Analysts are expecting $2.81 per share. Shares were little changed.
Homebuilder D.R. Horton reported quarterly earnings of 56 cents per share in its fiscal first quarter, surprising analysts who thought it would report a loss. The company benefited from a big tax gain. The company also said new orders and completed sales rose significantly in the quarter. Shares gained almost 11% in active New York Stock Exchange trading.
Emerson Electric, a maker of automation systems for a broad range of companies, reported weaker quarterly sales and earnings that surged past forecasts. Shares gained 10%.
The National Association of Realtors' pending home sales index rose 1%, in line with expectations. The index fell 16.4% in the previous month.
The Senate Budget Committee held a hearing on the 2011 budget. In his testimony, Treasury Secretary Timothy Geithner said a bipartisan effort is needed to trim a deficit the Obama White House mostly inherited from the Bush administration. He said the economy is recovering, but it will take time for the private sector to create new jobs.
Testifying at a Senate Banking Committee meeting, White House economic adviser and former Federal Reserve chairman Paul Volcker sought to expand on Obama's call for greater limitations on bank trading.
Last week, Obama called for limiting commercial banks ability to make high-risk trades and stopping them from owning or investing in hedge funds.
Volcker said that limiting banks from engaging in certain high-risk trades would limit the number of institutions that are deemed to be too big to fail.
Across the Atlantic, European shares advanced for the third consecutive session, with miners offsetting sharp losses from oil giant BP, as worries about the economic backdrop faded. The pan-European Dow Jones Stoxx 600 index added 1% to close at 250.80.
The U.K. FTSE 100 index rose 0.7% to 5,283.31, the French CAC-40 index climbed 1.3% to 3,812.13 and the German DAX index advanced 1.0% to 5,709.66.
After staging a smart pull back in the last three trading sessions, bulls seemed to have run out of steam as all round selling once again hit the Indian bourses dragging the NSE Nifty and BSE Sensex nearly 120 points and 350 points from its respective day’s high. Overnight gains in the US and the Asian markets, lifted the markets at open however, as the day progressed key indices were unable to keep up on intensified selling.
The Realty, Banking, PSU and the Metals stocks were among the major losers while the Mid-Cap and the Small-Cap stocks were under pressure, both the indices ended lower by 1% each.
The BSE Sensex slipped 192 points to end at 16,163 after touching a high of 16,525 and a low of 16,129. The Nifty lost 70 points to end at 4,830.
Equity markets in Asia ended in the green. The Nikkei in Japan was up 1.6%, while Australia's S&P/ASX ended higher by 1.8%.The Shanghai SE Composite ended lower by 0.3% and Hang Seng index in Hong Kong was up 0.2%.
In Europe, stocks were trading positive. The DAX in Germany was up 0.4% and the CAC 40 index in France was up 0.6%. The FTSE in the UK was up 0.3%.
Coming back to India, all the BSE sectoral indices ended in the red. The BSE Realty index was the top loser, shedding 2.5%,followed by the Banking index that was down 2% and the BSE PSU index was down1.7%. The BSE Mid-Cap index fell 1.2% while BSE Small-Cap index was down 0.8%.
Among the 30-components of Sensex 17 ended in the negative terrain and 13 ended in the green. ICICI Bank, BHEL, DLF, Sun Pharma and SBI ended in the positive terrain.
Among the top gainers were, Hindustan Unilever, Wipro, Tata Motors, Tata Steel and Bharti Airtel.
Outside the frontline indices, the big losers inthe broader market were Tulip Tele, PTC India, Madras Cem and REC. On the other hand, gainers included SpiceComm, Jain Irrigation, Mphasis and Exide Ind.
Siemens announced that it received an order worth Rs1bn from Power Grid Corporation of India Ltd. to construct a new 765 / 400 kV substation at Meerut (Uttar Pradesh) and augmentation of substations at Mandola (Uttar Pradesh) and Baalabgarh (Haryana).
The Company will supply the high-end technology products such as Circuit breakers, current transformers, capacitor voltage transformers, disconnectors, surge arrestors and solutions like substation automation. The order will be commissioned in January 2011.
Shares of Siemens have declined by 1.5% to Rs648. The scrip opened at Rs665 it touched an intra-day high of Rs665 and a low of Rs644 and has recorded volumes of over 0.14mn shares on BSE.
Bajaj Auto total sales in January 2010 stood at 266,018 (including two and three wheelers) compared to 132,348 units sold in the same period last year. Bajaj's total two wheeler sales for January 2010 stood at 233,049 compared to 110,363 units sold in the same period last year.
Bajaj motorcycle sales more than doubled as it sold an all-time high 71,970 Pulsars. Discover brand sales continued to be strong at 92,035 units, thereby ensuring that 70% of all Bajaj motorcycles belong to its ‘bigger and sportier’ Pulsar and Discover brands.
Shares of Bajaj Auto slipped 2% to end at Rs1681. The scrip opened at Rs1748 it touched an intra-day high of Rs1750 and a low of Rs1675 and has recorded volumes of over 27,000 shares on BSE.
Spice Televentures Pvt. Ltd and Spice Mobiles announced that they have agreed to merge into a single entity. The respective Boards of Spice Televentures and Spice Mobiles Ltd. met to approve and recommend the merger of the two companies.
Shares of Spice Communication shot up by over 16% to end at Rs66.7. The scrip opened at Rs58.6 it touched an intra-day high of Rs68 and a low of Rs58 and has recorded volumes of over 2mn shares on BSE.
Jaiprakash Associates monthly despatch for January 2010 stood at 11.65 lacs MT compared to 7.27 lacs MT January 2009, Change:- 60% (Y-o-Y). Whereas for period (April to January) 2009-10 it was 86.17 lacs MT compared to period (April to January) 2008-09:- 61.75 lacs MT, change:- 40%.
Shares of JP Associates slipped 4% to end at Rs143. The scrip opened at Rs143 it touched an intra-day high of Rs143 and a low of Rs135 and recorded volumes of over 2.8mn shares on BSE.
ACC’s Cement production for January 2010 is 1.89mn tons compared to 1.87mn tons in January 2009. Whereas Cement despatches for January 2010 is 1.91mn tons compared to 1.89mn tons in the same period last year.
ACC ended flat at Rs871. The scrip opened at Rs882 it touched an intra-day high of Rs895 and a low of Rs867 and recorded volumes of over 0.12mn shares on BSE.
Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in January 2010 were 65,478 vehicles, a growth of 77% over 36,931 vehicles sold in January 2009. The company’s domestic sales of Tata commercial and passenger vehicles for January 2010 were 62,202 nos., a 74 % growth over 35,704 nos. sold in January last year.
Shares of Tata Motors ended lower by 1.6% the scrip opened at Rs728 it touched an intra-day high of Rs736 and a low of Rs705 and has recorded volumes of over 0.9mn shares on BSE.
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