| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Aster Silicates Ltd. | 118 | 6.5 to 7 |
| | 166 | 4 to 6 |
| Midfield Industries Ltd. | 126 to 133 | 17 to 18 |
| SKS Micro Finance | -- | 47 to 49 |
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Wednesday, July 21, 2010
Latest Grey Market Premiums - July 21 2010
Markets set to open higher
Headlines for the day:
RIL refuses to obey order on gas allocation
Fortis promoters pledge more shares
Indian Oil Corporation mulls another refinery on west coast
Daily News Roundup - July 21 2010
Reliance Industries has said it cannot give natural gas to new customers by cutting supplies to power and fertiliser plants. (BS)
BHEL has won a Rs26.65bn contract for setting up a 1,200 MW coal-based thermal power plant in Chhattisgarh. (BL)
Early gains may not sustain
People choose the paths that grant them the greatest rewards for the least amount of effort.- David Shore.
Bilpower
We recommend a buy in the stock of Bilpower from a short-term perspective. It is apparent from the charts of the stock that it has been on an intermediate-term uptrend since its November 2008 low of Rs 60. However, encountering key resistance at Rs 200 in November 2009, the stock started to consolidate sideways in a broad range between Rs 160 and Rs 200. On July 20, the stock surged five per cent accompanied with above average volume, breaching the key resistance at Rs 200. Moreover, the stock crossed over its 50- and 200-day moving average in early June and is trading well above them. Short-term trend is also up for the stock. Both the daily and weekly relative strength indices have entered in to the bullish zone, reinforcing the stock's bullish momentum. The daily moving average convergence divergence indicator has signalled a buy and is hovering in the positive territory. Our short-term forecast on the stock is bullish. We expect this rally to continue until it hits our price target of Rs 212 or Rs 215 in the forthcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 196.
via BL
US stocks manage to reverse course
Disappointing earning reports give a slow start to US stocks
US stocks lingered in the red for the entire first half of trading on Tuesday, 20 July 2010. It was mainly due to a couple of disappointing earning reports, that stocks made a weak start today. Then, without the help of any major catalyst, slowly crept back in the green and ended firmly and modestly higher. The materials sector led the way.
Bullion metals shine
Precious metals rise despite a strong dollar
Bullion metal prices ended higher on Tuesday, 20 July 2010 at Comex. Both precious metals traded to their best levels in morning trade and spent the remainder of the session chopping around just shy of their respective highs. Prices rose despite a strong dollar.
Crude pares early losses
Prices end marginally higher as earnings disappoint
Crude oil prices ended marginally higher on Tuesday, 20 July 2010 at Nymex. Prices rose on anticipation that tomorrow's weekly inventory report will show a drop in crude stockpiles for last week. Prices fell earlier in the day due to a couple of disappointing earning and economic reports.
Red metal rises for second straight day
Prices rise due to slipping LME inventories
Copper prices ended higher for second straight day at Comex on Tuesday, 20 July 2010. Prices rose due to slipping LME inventories.
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