Market Mantra - Dec 31 2010
India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Friday, December 31, 2010
Mkts to bid farewell to 2010 on a fim note
The Indian markets are expected to begin the last trading session of 2010 on a firm note taking lead from the positive Asian markets.
Headlines for the day:
Core sector grows at 21-month low of 2.3%
Banks raise funds at up to 9.8%
ONGC hires deepwater rig from Vantage for $1 billion
Daily News Roundup - Dec 31 2010
ONGC hires deep water rig from Vantage for US$1.1bn for five years. (BS)
Government approves NTPC proposal to float a global tender for procuring equipments worth Rs170bn for its upcoming project. (BL)
The environment ministry has believed to have deferred clearance of JSW Steel’s Rs250bn Bellary plant expansion. (BS)
L&T bags multiple orders worth Rs11.6bn. (BS)
JSW Energy has commissioned the second unit of 300MW of the 1200MW power project at Jaigad. (ET)
SBI plans to raise Rs120bn through bonds to fund its business growth. (BS)
Tech M to buy software companies in Latin America. (BS)
Sun Pharma has received a tentative approval from US FDA for its generic Ibandronate Sodium Injection. (BS)
iGate will sign a definitive agreement to buy a controlling stake in Patni Computers. (ET)
MOIL is in talks with Gabon’s government over acquiring possible mining concession in the central African state. (BS)
HCL-Infosystems to acquire 20% stake in Tech Mart Telecom Distribution, a Dubai based partner of Nokia Cooperation. (BS)
MRF is planning to sell/transfer its speciality coating division to its subsidiary. (BS)
Hindustan Copper FPO may be at 72% discount. (ET)
Cummins India plans to hike prices by 3-5% of its generators sets in the range of 7.5-3000KVA from 1st quarter next year. (BL)
Strides Arcolab has struck a deal with Pfizer to sell 16 of its approved ANDAs and 6 filed ANDAs. (BS)
Lanco Infratech has won Rs10bn road projects in Uttar Pradesh. (BS)
Suven Lifesciences has received two product patents for its new chemical entities. (BS)
Sales of Nano may touch around 5000 units in December. (ET)
Economy Snippets
A group of ministers to meet on 5th January to deliberate on decontrolling urea price and re-opening 8 closed fertilizers units of FCIL an HFCL. (ET)
Food inflation stood at 10-week high of 14.4% for the week ended December 18, 2010.
The output of six key infrastructures grew 2.3% in November, the slowest in the past 21 months. (ET)
Finance ministry may give into the petroleum ministry demand for increasing government share in petroleum subsidy. (BS)
Sensex surges...Nifty ends above 6100
The bulls seemed to have rediscovered their winning ways in the last couple of days with the Indian markets extending the upswing for the second straight session on Thursday. It was a volatile day as the NSE Nifty swung by over 40 points intraday between the day's lows and highs.
Market may gain extend gains on last day of 2010
The market may extend last two days' gains on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a gain of 6.50 points at the opening bell.
Asian stocks rose on Friday, 31 December 2010, on positive economic data in the US, the world's biggest economy. The key benchmark indices in China, Hong Kong, Singapore and Taiwan rose by between 0.08% to 0.77%. Stock markets in Japan and South Korea were closed.
Thursday, December 30, 2010
BSE Bulk Deals to Watch - Dec 30 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
30/12/2010 530513 Accurate Trans PRADEEP KUMAR AGGARWAL B 17773 109.56
30/12/2010 530513 Accurate Trans TARINI ENTERPRISES PRIVATE LIMITED B 26589 110.11
NSE Bulk Deals to Watch - Dec 30 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-DEC-2010,BEDMUTHA,Bedmutha Indust Ltd,ALFA FISCAL SERVICES PVT LTD,BUY,65994,80.70,-
30-DEC-2010,BEDMUTHA,Bedmutha Indust Ltd,TOUCHSTONE FINVEST SERVICES PRIVATE LIMITED,BUY,49739,80.48,-