Smart Invest and Smart Trade - Sep 9 2010
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Thursday, September 09, 2010
Bulls stand strong
Major headlines
Gujarat Pipavav makes a strong debut
Food inflation rises to 11.47%
August car sales up 33%
Indian indices
Sensex outperforms its peers
Major news for the week:
Food inflation rises to 11.47%
Reliance Industries plans to raise its stake in EIH
Israel Supreme Court rules in favour of Sun Pharma
Vodafone loses tax case against income tax department
Direct tax mop-up rises 13.9% in April-August
Advance tax numbers, RBI policy review in focus
Data on advance tax payment for the second installment of 15 September and macro economic data will be in focus next week. Another major event is a mid-term monetary policy review by the central bank on Thursday, 16 September 2010.
Market spurts on FII buying
Stocks surged last week as a better-than-expected US job data for August 2010 eased concerns about global economy. Sustained buying by foreign funds and good monsoon rains also boosted sentiments. Good rains in the current monsoon season will raise farm output, boost rural incomes and lower food inflation.
Sensex vaults 4.6% in seven trading sessions
The key benchmark indices attained their highest closing levels in more than 31 months on higher European stocks and on gains in US index futures. Data showing sustained buying of Indian stocks by foreign funds and good monsoon rains, underpinned sentiments. The BSE 30-share Sensex jumped 132.95 points or 0.71%, up about 130 from the day's low and off close to 25 points from the day's high. Banking, realty, tea, consumer durables and capital goods stocks rose.
BSE Bulk Deals to Watch - Sep 9 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
9/9/2010 511706 Action Fin SHRISH L KENIYA B 50000 24.22
9/9/2010 524598 Aksharchem USHADEVI RAJENDRAKUMAR AGARWAL B 19532 25.06
9/9/2010 531761 Amulya Leas MANOJ GUPTA B 71400 37.51
NSE Bulk Deals to Watch - Sep 9 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
09-SEP-2010,BAJAUTOFIN,Bajaj Auto Finance Ltd,SHINHAN BNP PARIBAS INVESTMENT TRUST MANAGEMENT CO LTD AC SH,BUY,253000,755.00,-
09-SEP-2010,BAJAUTOFIN,Bajaj Auto Finance Ltd,SUNDARAM BNP PARIBAS MUTUAL FUND A/C SUNDARAM BNP PARIBAS SE,BUY,481660,755.00,-
Massive volumes in Gujarat Pipavav Port counter on debut
The stock settles at Rs 54.05 on BSE
Gujarat Pipavav Port (GPPL) settled at Rs 54.05 on BSE, a premium of 17.5% over the initial public offer (IPO) price of Rs 46. The stock debuted at Rs 56.25, a 22.28% premium over the initial public offer (IPO) price. The stock hit a high of Rs 58.40 and a low of Rs 51.90.
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