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Saturday, October 09, 2010
Sensex snaps five-week rally
Major news for the week:
Food inflation eases to 16.24%
Securities & Exchange Board India sees no foreign institutional investor inflow reversal
India fertiliser demand seen at record high
Foreign banks set to play bigger role
August trade deficit widens to a 23-month high
BSE Bulk Deals to Watch - Oct 8 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
8/10/2010 511706 Action Fin BP FINTRADE PRIVATE LIMITED S 50041 37.85
8/10/2010 532975 Aishwarya Tele VIPUL HIRALAL SHAH B 175000 34.94
8/10/2010 532975 Aishwarya Tele VIPUL HIRALAL SHAH S 174150 34.94
NSE Bulk Deals to Watch - Oct 8 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
08-OCT-2010,AMAR,Amar Remedies Limited,MBL & COMPANY LTD.,BUY,132693,113.33,-
08-OCT-2010,BINANIIND,Binani Industries Limited,JMP SECURITIES PVT LTD,BUY,198133,168.34,-
08-OCT-2010,CPIL,Career Pt Infosystem Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,202771,595.06,-
08-OCT-2010,ESL,Electrosteel Steels Ltd,GEE BEE SECURITIES PVT. LTD.,BUY,10224619,10.66,-
08-OCT-2010,ESL,Electrosteel Steels Ltd,WELLCOME VYAPAAR PVT. LTD.,BUY,14625000,10.67,-
08-OCT-2010,GLORY,Glory Polyfilms Limited,ALFA FISCAL SERVICES PVT LTD,BUY,817897,18.54,-
08-OCT-2010,GLORY,Glory Polyfilms Limited,SAAKSHI SHARES PVT.LTD.,BUY,294500,19.88,-
08-OCT-2010,GLORY,Glory Polyfilms Limited,TRANS FINANCIAL RESOURCES LTD,BUY,521808,18.37,-
08-OCT-2010,GREENPOWER,Orient Green Power Co Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,2994150,42.85,-
08-OCT-2010,GREENPOWER,Orient Green Power Co Ltd,RELIANCE LIFE INSURANCE CO.LTD.,BUY,3305000,43.80,-
08-OCT-2010,HANUNG,Hanung Toys and Textiles,MMAVERICK INVESTMENT SOLUTIONS PVT LTD,BUY,153750,352.20,-
08-OCT-2010,JUPITER,Jupiter Bioscience Ltd,ALFA FISCAL SERVICES PVT LTD,BUY,531816,87.24,-
08-OCT-2010,JUPITER,Jupiter Bioscience Ltd,TRANS FINANCIAL RESOURCES LTD,BUY,223258,87.08,-
08-OCT-2010,KINETICMOT,Kinetic Motor Company Ltd,BP FINTRADE PRIVATE LIMITED,BUY,188904,43.45,-
08-OCT-2010,KINETICMOT,Kinetic Motor Company Ltd,JMP SECURITIES PVT LTD,BUY,1129117,43.82,-
08-OCT-2010,KOUTONS,Koutons Retail India Limi,AKASH SECURITIES PRIVATE LTD,BUY,275000,139.47,-
08-OCT-2010,KOUTONS,Koutons Retail India Limi,TRANS FINANCIAL RESOURCES LTD,BUY,460402,140.81,-
08-OCT-2010,LOKESHMACH,Lokesh Machines Limited,MANISH VRAJLAL SARVAIYA,BUY,112947,66.03,-
Gains in RIL, Infosys help Sensex trim losses in late trade
The key benchmark indices extended losses for the second straight day in a choppy trading session, as world stocks fell ahead of an influential non-farm payroll data in the US later in the global day. The BSE 30-share Sensex was down 65.06 points or 0.32% up close to 105 points from the day's low and off close to 160 points from the day's high. Strength in index heavyweights Reliance Industries (RIL) and Infosys, capped the decline.
Friday, October 08, 2010
Market may open on a positive note
The market may open higher if trading of S&P CNX Nifty futures on the Singapore stock exchange is any indication. It indicated that the Nifty could gain 14 points at the opening bell.
Markets may begin on a quiet note
Headlines for the day:
Jet Airway's fund-raising to get delayed
Reliance Life forays into health insurance
Cairn Energy shareholders approve Vedanta deal
Tread cautiously
All change is not growth, as all movement is not forward. ~Ellen Glasgow.
The sudden sell-off spooked the market but the question is what soured the sentiment? There was no major trigger for the swift selling, except for the dollar’s weakness. The key is to be nimble and alert, especially now with the key indices close to all-time highs. Avoid chasing high returns in the Small-Caps and Mid-Caps as it is risky. Proper homework is a must before entering any new stock(s) in this space.
Daily News Roundup - Oct 8 2010
Nine companies including TCS and Wipro have made it for the first round for the mega tender floated by UIDAI. (BL)
BHEL gets Rs37bn order from KPCL (BS)
Jindal Steel & Power bids for majority stake in Zimbabwe steelworks (BS)
Sensex spooked by late sell-off
The Indian markets ended in the red and has entered into a consolidating phase. The NSE Nifty is struggling to find specific direction for the past three trading sessions and is trading in a narrow trading band. After starting off in the positive terrain, markets were stuck until the European markets opened with a negative bias.
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