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Thursday, July 07, 2011
BSE Bulk Deals to Watch - July 7 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
7/7/2011 533412 Aanjaneya Lifecare TRISONS AGENCIES S 100000 365.01
7/7/2011 524412 Aarey Drugs SPAN TRADELINK PRIVATE LIMITED B 48000 21.86
7/7/2011 524412 Aarey Drugs THAORLAL ATMARAM MODI S 45000 21.90
7/7/2011 533330 ACROPET TEC INDRAVARUN TRADE IMPEX PVT LTD S 251545 17.07
7/7/2011 531761 Amulya Leas RAJESH GUPTA B 58757 43.45
7/7/2011 512535 Asahi Infra PREMIER CORPORATE SECURITIES & FINVEST PVT. LTD. B 740621 6.55
NSE Bulk Deals to Watch - July 7 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
07-JUL-2011,ACROPETAL,Acropetal Tech Ltd,INDRAVARUN TRADE IMPEX PVT LTD,BUY,114700,17.18,-
07-JUL-2011,DELTACORP,Delta Corp Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,1274072,107.54,-
07-JUL-2011,DELTACORP,Delta Corp Limited,MORGAN STANLEY MAURITIUS COMPANY LIMITED,BUY,2710000,108.00,-
07-JUL-2011,JAGRAN,Jagran Prakashan Limited,JAGRAN MEDIA NETWORK INVESTMENT PRIVATE LIMITED,BUY,18608362,120.95,-
Sensex ends 351 points higher on strong buying
It was a good day for the markets, with the Sensex closing 351 points up and the Nifty surging 104 points.
Major Headlines
Food inflation at 7.61% versus 7.78%
ENIL, Reliance Broadcast rise on FM radio expansion approval
Dayanidhi Maran resigns from Union Cabinet; Sun TV, SpiceJet fall
Sensex, Nifty scale highest level in nearly 10 weeks as bulls return
After a long hiatus, bull operators are back on the street. Key benchmark indices rallied on frenzied buying in index pivotals ahead of the commencement of the first quarter corporate earnings season. The barometer index the BSE Sensex surged past the psychological 19,000 mark. The 50-unit S&P CNX Nifty moved past 5,700 level. The Sensex and the Nifty attained their highest closing level in nearly 10 weeks. Data showing sustained buying by foreign institutional investors (FIIs) over the past few days and firm global stocks underpinned sentiment.
The Sensex jumped 351.33 points or 1.88%, up 311.05 points from the day's low and off 19.48 points from the day's high. The market breadth was strong. All the sectoral indices on BSE rose. The BSE Mid-Cap and Small-Cap indices underperformed the Sensex. The government's decision to raise foreign investment ceiling in private FM radio broadcasting firms to 26% from 20% sent shares of FM radio broadcasting services firms surging.
Grey Market Premiums - July 7 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | 3 to 5 |
| Birla Pacific Medspa | 10 | Discount |
| Rushil D�cor | 72 | 3 to 5 |
| Ready Made Steel | 90 to 108 | 4 to 5 |
| Bharatiya Global | 75 to 82 | 3 to 4 |
Market may open lower
Trading of S&P CNX Nifty on the Singapore stock exchange indicates that NSE's Nifty index may fall 13 points lower at opening today, 7 July 2011. However, the market sentiment remains positive on sustained buying by foreign institutional investors (FIIs) over the past few days. FIIs bought shares worth a net Rs 220.45 crore on Wednesday, 6 July 2011, as per provisional data from the stock exchanges. Domestic institutional investors (DIIs) sold shares worth Rs 80.23 crore on that day.
Daily News Roundup - July 7 2011
The Petroleum Ministry has recommended granting approval to the US$7.2bn Reliance Industries Ltd-BP Plc deal. However, a final call on this will be taken by the Cabinet Committee on Economic Affairs. (BL)
The US health regulator has imposed an import ban on products made at Dr Reddys Laboratories Mexican plant for violation of current good manufacturing practices. (BS)
Lupin has received approval from the US health regulator to market capsules, used for the treatment of high blood pressure, in the American market. (ET)
Sensex struggles to a flat close
The Indian markets seem to have gone into a sleep mode this week and continue to consolidate in a narrow trading channel amid light volumes. The benchmark Indian equity indices ended almost unchanged on Wednesday at the end of a highly insipid and choppy trading session. Traders and investors continue to be circumspect ahead of quarterly earnings which would start rolling in from Friday.
The overall market sentiment has turned sluggish this week and volumes have subsided substantially after last week’s surprisingly robust rally.
Government at work!
By definition, a government has no conscience. Sometimes it has a policy, but nothing more. - Albert Camus.
Whether it is due to guilty conscience pricking the Government’s mind or lack of other alternatives, finally, there seems to be some forward movement in policy making at the Centre. After the fuel price hike, we have seen approvals for the Cairn-Vedanta deal and now the RIL-BP deal. Sugar decontrol and FDI in multi-brand retail are also said to be in the works. Changes in the urea policy are also being contemplated.
Markets expect a subdued start
Another quiet start is expected in today's trade. Weekly inflation numbers will be declared today
Headlines for the day:
Oil Ministry backs BP's stake buy in RIL
Ranbaxy recalls skin care drug from UK
Mumbai property registration dips in June, sharpest decline this year
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