Daily Fundamental Report - Sep 29 2010
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Tuesday, September 28, 2010
Post Market Review - Sep 28 2010
Markets ended flat after a choppy trading session. Sensex closed at 20104, down 2 points while Nifty lost 6 points to close at 6029. BSE Mid-cap and Small-cap indices gained 0.2% and 0.03% respectively. Stocks belonging to capital goods sector saw smart gains in today’s trade led by ABB and Siemens. Supreme Court today lifted stay on the Ayodhya case verdict and now the verdict will be delivered by Lucknow bench of Allahabad High Court on September 30th at 3.30 pm. European markets after dipping sharply in the red, pared losses and were trading down about a third of a percent. US stock indices futures were up about a third of a percent ahead of data on home prices and consumer confidence.
Markets recover at fag-end
Major headlines
Reliance Power aims to be largest private power company by 2015; the stock closes 1.68% higher
Venus Remedies surges on securing Thai contract; the stock closes 4.19% higher
GEI Industrial spurts on new order win; the stock higher by 1.74%
BSE Bulk Deals to Watch - Sep 28 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
28/9/2010 513513 Aditya Ispat HITESH KISHORBHAI MAKWANA B 30000 17.18
28/9/2010 513513 Aditya Ispat JMP SECURITIES PVT LTD B 96539 16.42
NSE Bulk Deals to Watch - Sep 28 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-SEP-2010,ASTRAL,Astral Poly Technik Limit,RELIANCE CAPITAL ASSET MGMT LTD A/C PMS,BUY,143043,171.18,-
Market ends marginally lower
The key benchmark indices registered marginal losses amidst high intraday volatility as traders rolled over positions in the derivatives segment, from the near-month September 2010 series, to October 2010 series, ahead of the expiry of the near-month September 2010 derivatives contracts on Thursday, 30 September 2010. An intraday recovery in European stocks and US index futures, aided a strong intraday rebound on the domestic bourses.
Profit booking may pull market lower
Weak Asian stocks may trigger profit taking on the domestic bourses, which surged sharply this month. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could fall 5.50 points at the opening bell.
Daily News Roundup - Sep 28 2010
Suzlon Energy is in talks to buy the remaining 9% stake in German unit REpower Systems AG. (BS)
L&T has bagged an order worth Rs16.1bn from Visa Power, for its 2x600 MW power plant being set up in Chhattisgarh. (ET)
Grey Market Premium - COAL India, VA Tech Wabag
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Indosolar Ltd. | 29 (Lower Band) | 0.65 to 0.75 (Paise) |
| Tirupati Inks (FPO) | 43 (Upper Band) | 7 to 8 |
| Career Point Infosystems | 310 (Upper Band) | 143 to 145 |
| Eros International | 175 (Upper Band) | 43 to 45 |
| Microsec Fin | 118 (Upper Band) | 13 to 15 |
| Ramky Infrastructure Ltd. | 450 | 14 to 15 |
| Orient Green Power | 47 to 55 | 0.50 to 0.60 (Paise) |
| Electro Steel | 10 to 11 | 1.50 to 1.65 |
| Gallantt Ispat | 50 (Fixed Price) | 2 to 2.50 |
| VA Tech Wabag | 1230 to 1310 | 325 to 300 |
| Cantabil Retail | 127 to 135 | 13 to 14 |
| Tecpro Systems | 340 to 355 | 55 to 57 |
| Ashoka Buildcon | 297 to 324 | 22 to 23 |
| Sea TV Network | 90 to 100 | 23 to 25 |
| Bedmutha Ind. | 95 to 102 | 13 to 14 |
| Coal India | 225 to 250 (Approx) | 12 to 14 |
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