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Wednesday, January 16, 2008
Poll Trends - Will you sell Reliance Power on Listing ?
Yes 191 (70.2%)
No 81 (29.8%)
Votes so far: 272
See the Older Polls whether to apply for Reliance Power or not
FIIs net sellers of Rs 2,518cr
oreign institutional investors (FIIs) were net sellers of Rs 2,517.59 crore (provisional) today, according to data released by BSE.
While FIIs made gross purchases of Rs 4,439.43 crore, gross sales totalled Rs 6,957.02 crore.
Domestic institutional investors (DIIs) were net buyers of Rs 188.97 crore today. While DIIs made gross purchases of Rs 1,864.99 crore, gross sales totalled Rs 1,676.02 crore.
FIIs were net buyers of Rs 225.80 crore on Tuesday, January 15, according to data released by Sebi today. While FIIs made gross purchases of Rs 5,209.90 crore, gross sales totalled Rs 4,984.10 crore.
Mutual funds (MFs) were net sellers of Rs 519.50 crore on Tuesday. MFs made purchases of Rs 573.10 crore and sales of Rs 1,092.50 crore.
NSE Bulk Deal Watch - Jan 16 2008
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
16-JAN-2008,ARIES,Aries Agro Limited,CPR CAPITAL SERVICES LTD.,BUY,99707,225.53,-
16-JAN-2008,ARIES,Aries Agro Limited,CREDENTIAL STOCK BROKERS LIMITED,BUY,144834,227.45,-
16-JAN-2008,ARIES,Aries Agro Limited,FIN BRAINS SECURITIES (INDIA) LTD.,BUY,189869,227.06,-
16-JAN-2008,ARIES,Aries Agro Limited,HARBUX SINGH SIDHU,BUY,114871,232.35,-
16-JAN-2008,ARIES,Aries Agro Limited,KARIMJEE PVT.LTD.,BUY,104261,226.84,-
16-JAN-2008,ARIES,Aries Agro Limited,MUKESH BHAGAT,BUY,99672,225.15,-
16-JAN-2008,ARIES,Aries Agro Limited,R APPALA RAJU,BUY,70000,222.89,-
16-JAN-2008,ARIES,Aries Agro Limited,R.M. SHARE TRADING PVT LTD,BUY,178928,228.24,-
16-JAN-2008,ARIES,Aries Agro Limited,SANJAY BHANWARLAL JAIN,BUY,101709,227.43,-
16-JAN-2008,ARIES,Aries Agro Limited,YOKE SECURITIES LIMITED,BUY,100742,228.81,-
16-JAN-2008,ARVINDMILL,Arvind Mills Ltd.,B R INTERNATIONAL/BHARATKUMAR RADHAKRISHNA RUIA,BUY,1102642,76.27,-
16-JAN-2008,PRITHVI,Prithvi Information Solut,DEUTSCHE SECURITIES MAURITIUS LIMITED,BUY,113000,307.72,-
16-JAN-2008,SELMCL,SEL Manufacturing Company,JITENDRA PARSHURAM MAYEKAR,BUY,126848,195.28,-
16-JAN-2008,UNITY,Unity Infraprojects Limit,CLEARWATER CAPITAL PARTNERS INVESTMENTS LTD.,BUY,128000,875.00,-
16-JAN-2008,UNITY,Unity Infraprojects Limit,PEGASUS STOCKS AND SHARES PVT LTD,BUY,47700,879.65,-
16-JAN-2008,ARIES,Aries Agro Limited,CPR CAPITAL SERVICES LTD.,SELL,99707,225.78,-
16-JAN-2008,ARIES,Aries Agro Limited,CREDENTIAL STOCK BROKERS LIMITED,SELL,144834,227.97,-
16-JAN-2008,ARIES,Aries Agro Limited,FIN BRAINS SECURITIES (INDIA) LTD.,SELL,189869,227.59,-
16-JAN-2008,ARIES,Aries Agro Limited,HARBUX SINGH SIDHU,SELL,114871,233.10,-
16-JAN-2008,ARIES,Aries Agro Limited,KARIMJEE PVT.LTD.,SELL,104261,225.71,-
16-JAN-2008,ARIES,Aries Agro Limited,MUKESH BHAGAT,SELL,99672,225.52,-
16-JAN-2008,ARIES,Aries Agro Limited,R APPALA RAJU,SELL,70000,224.97,-
16-JAN-2008,ARIES,Aries Agro Limited,R.M. SHARE TRADING PVT LTD,SELL,178928,227.79,-
16-JAN-2008,ARIES,Aries Agro Limited,SANJAY BHANWARLAL JAIN,SELL,101709,227.77,-
16-JAN-2008,ARIES,Aries Agro Limited,YOKE SECURITIES LIMITED,SELL,100742,228.34,-
16-JAN-2008,BARTRONICS,Bartronics India Limited,JPMORGAN INDIA EQUITY FUND,SELL,100000,250.04,-
16-JAN-2008,BURNPUR,Burnpur Cement Limited,SARAVANA STOCKS PRIVATE LIMITED,SELL,250000,39.04,-
16-JAN-2008,PRITHVI,Prithvi Information Solut,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,SELL,100000,300.03,-
16-JAN-2008,SAKHTISUG,Sakthi Sugars Ltd.,JAGRAN MERCHANTS PRIVATE LIMITED,SELL,190700,105.64,-
16-JAN-2008,TATAMETALI,Tata Metaliks Ltd,VIJAY KUMAR,SELL,137148,174.16,-
16-JAN-2008,TATASPONGE,Tata Sponge Iron Ltd.,VIJAY KUMAR,SELL,77269,266.36,-
16-JAN-2008,UNITY,Unity Infraprojects Limit,PEGASUS STOCKS AND SHARES PVT LTD,SELL,157136,876.02,-
BSE Bulk Deals to Watch - Jan 16 2008
16/1/2008 531190 A V COTTEX I MAUJ SARAN MAGGO S 33000 32.15
16/1/2008 532919 ALLIED COMP AYODHAPATI INVESTMENT PVT. LTD B 206000 46.99
16/1/2008 532919 ALLIED COMP SURESH VALANI B 122338 45.05
16/1/2008 532919 ALLIED COMP AYODHYAPATI INVESTMENT PVT. LTD S 206000 45.57
16/1/2008 532919 ALLIED COMP SURESH VALANI S 122338 46.04
16/1/2008 531223 ANJANI SYNTH NISHA JITESH JADAV S 40500 55.45
16/1/2008 532935 ARIES AGRO R.M.SHARES TRADING PVT LTD B 170948 227.33
16/1/2008 532935 ARIES AGRO R.M.SHARES TRADING PVT LTD S 170948 228.24
16/1/2008 506874 ASKME IN HU AMIT INTERNATIONAL B 25000 2.78
16/1/2008 506874 ASKME IN HU SUSHMA SUSHIL SHISODIYA S 39256 2.78
16/1/2008 505506 AXON INFOTEC BANSAL VINIMAY PVT. LTD. B 10000 67.52
16/1/2008 505506 AXON INFOTEC AGRAWAL BROKERAGE PVT. LTD. B 10000 67.50
16/1/2008 505506 AXON INFOTEC UNIFLEX CARRYING CO. PVT. LTD B 25000 67.65
16/1/2008 505506 AXON INFOTEC NAWRUPAM MERCANTILE PVT.LTD. S 4000 68.01
16/1/2008 505506 AXON INFOTEC ANAMIKA HOLDINGS PVT LTD S 15000 67.50
16/1/2008 532694 BARTRONICSIN JP MORGAN MUTUAL FUND S 105000 250.06
16/1/2008 531682 CAT TECHNOL SARFARAZKHAN SARVARKHAN PATHAN B 158700 12.11
16/1/2008 524388 CRAZY INFOTE SARFARAZKHAN SARVARKHAN PATHAN B 39400 206.20
16/1/2008 524388 CRAZY INFOTE SARFARAZKHAN SARVARKHAN PATHAN S 39400 202.70
16/1/2008 532271 CYBERMAT INF PRABHUDAS LILLADHER PVT. LTD. B 529551 15.17
16/1/2008 532271 CYBERMAT INF JMP SECURITIES PVT. LTD. B 1150302 15.33
16/1/2008 532271 CYBERMAT INF SARFARAZKHAN SARVARKHAN PATHAN B 3180258 15.27
16/1/2008 532271 CYBERMAT INF PRABHUDAS LILLADHER PVT. LTD. S 490551 15.23
16/1/2008 532271 CYBERMAT INF JMP SECURITIES PVT. LTD. S 605302 15.54
16/1/2008 532271 CYBERMAT INF SARFARAZKHAN SARVARKHAN PATHAN S 3155135 15.17
16/1/2008 530765 DEVKI LEASIN GOVIND SINGH BHINDER S 19200 6.52
16/1/2008 517973 DMC INTER HITECH COMPUTECH PRIVATE LTD B 24500 37.91
16/1/2008 517973 DMC INTER IFL PROMOTERS LTD B 34800 38.21
16/1/2008 517973 DMC INTER HITECH COMPUTECH PRIVATE LTD S 18000 37.91
16/1/2008 532767 GAYATRI PROJ MERILL LYNCH CAPITAL MARKET ESPANA B 58000 634.55
16/1/2008 524184 GULSHA SUG C KAMAL KUMAR DUGAR AND CO B 161724 68.22
16/1/2008 524184 GULSHA SUG C BINOD KUMAR MAROTI HUF B 70000 70.98
16/1/2008 524184 GULSHA SUG C KAMAL KUMAR DUGAR AND CO S 161724 70.99
16/1/2008 524184 GULSHA SUG C LANDMARK CAPITAL MARKETS LTD S 100000 66.58
16/1/2008 530719 IKF FINANC L ASIAN FINANCIAL SERVICES LTD B 32201 18.47
16/1/2008 530719 IKF FINANC L MERCY CYRIAC S 53797 18.13
16/1/2008 501295 IND INV TRUS NAISHADH JAWAHAR PALEJA S 57800 105.62
16/1/2008 516078 JUMBO BAG LT MOSS TRADERS PVT LTD B 45000 37.21
16/1/2008 530955 KAILASH FICO TUTIS TECHNOLOGIES LIMITED B 63500 44.73
16/1/2008 511131 KAMAN HSG DREAMLAND BUILDTECH P LTD S 28320 162.35
16/1/2008 532092 KIRTI FINVES AYODHYAPATI INVESTMENT PVT. LTD B 1470249 1.87
16/1/2008 532092 KIRTI FINVES AYODHYPATI INVESTMENT PVT. LTD S 1470249 1.97
16/1/2008 523550 KRYPTON INDU NILESH KUMAR LAHOTI B 21912 58.95
16/1/2008 523550 KRYPTON INDU CHAINROOP SURAJMAL DUGAR B 28497 58.60
16/1/2008 523550 KRYPTON INDU NILESH KUMAR LAHOTI S 21912 58.83
16/1/2008 523550 KRYPTON INDU CHAINROOP SURAJMAL DUGAR S 34348 57.57
16/1/2008 531497 MADHUCON PRO BSMA LIMITED S 205522 775.08
16/1/2008 505523 MAH IND LEAS AYODHYAPATI INVESTMENT PVT. LTD B 28815 60.27
16/1/2008 505523 MAH IND LEAS AYODHYAPATI INVESTMENT PVT. LTD S 28815 58.18
16/1/2008 532933 PORWAL AUTO DEEPAK S CHHEDA B 164522 70.86
16/1/2008 532933 PORWAL AUTO DEEPAK S CHHEDA S 164522 71.18
16/1/2008 532675 PRITHVI INFO DEUTSCHE SECURITIES MAURITIUS LIMITED B 122000 306.76
16/1/2008 532886 SEL MANUF CHITRA JITENDRA MAYEKAR B 128647 195.42
16/1/2008 511607 SHLOKA INFO CHERUKURI KUTUMBA RAO B 23900 28.60
16/1/2008 511607 SHLOKA INFO CHERUKURI SIRISHA S 24000 28.80
16/1/2008 531715 SHUKUN CONST APEX SECURITIES B 909888 4.09
16/1/2008 508976 SPANC TELESY ALOSHA VANIJYA PVT LTD S 100000 243.00
16/1/2008 532887 SUJANATOWER MORGAN STANLEY MAU CO LTD S 380000 205.29
16/1/2008 532904 SUPREME INFR EUREKA CREDIT FINANCE PVT LTD B 105000 150.06
16/1/2008 532904 SUPREME INFR LOTUS GLOBAL INVESTMENT LTD B 150000 149.00
16/1/2008 532904 SUPREME INFR THE HEXAGRAM INVESTMENT PVT LTD S 266428 149.35
16/1/2008 531499 SYBLY INDUSR ALKA SOOD B 43000 10.05
16/1/2008 531499 SYBLY INDUSR GEOMETRIC SEC AND ADV P LTD B 26050 10.06
16/1/2008 531499 SYBLY INDUSR HANS CAPITAL AND LEASING PVT LTD B 35000 10.99
16/1/2008 531499 SYBLY INDUSR GEOMETRIC SEC AND ADV P LTD S 44983 10.93
16/1/2008 531418 SYSTEL INFOT PARASHURAMA K S 200117 1.61
16/1/2008 531703 TRIBHVAN HSG JOHN VAS B 50000 31.05
15/1/2008 532935 ARIES AGRO TRANSGLOBAL SECURITIES LTD B 96916 233.60
15/1/2008 532935 ARIES AGRO MATRIX EQUITRADE PVT LTD B 1017990 231.44
15/1/2008 532935 ARIES AGRO SANJEEV SINGHAL B 118381 232.39
15/1/2008 532935 ARIES AGRO SANJAY GARG B 115667 238.07
15/1/2008 532935 ARIES AGRO SANJAY GUPTA HUF B 129709 230.61
15/1/2008 532935 ARIES AGRO RAJIV GUPTA HUF B 67047 234.47
15/1/2008 532935 ARIES AGRO RAJIV GUPTA B 99148 234.00
15/1/2008 532935 ARIES AGRO OPG SECURITIES PVT LTD B 913788 235.62
15/1/2008 532935 ARIES AGRO MAHANAND PRASAD B 151219 235.55
15/1/2008 532935 ARIES AGRO SHAILESH M NISSAR B 147318 236.80
15/1/2008 532935 ARIES AGRO VISHAL TANSUKHLAL MINDA B 65200 251.84
15/1/2008 532935 ARIES AGRO TRANSGLOBAL SECURITIES LTD S 96916 234.30
15/1/2008 532935 ARIES AGRO MATRIX EQUITRADE PVT LTD S 1017990 231.91
15/1/2008 532935 ARIES AGRO SANJEEV SINGHAL S 118381 232.81
15/1/2008 532935 ARIES AGRO SANJAY GARG S 115667 238.00
15/1/2008 532935 ARIES AGRO SANJAY GUPTA HUF S 129709 230.60
15/1/2008 532935 ARIES AGRO RAJIV GUPTA HUF S 67047 234.72
15/1/2008 532935 ARIES AGRO RAJIV GUPTA S 99148 234.55
15/1/2008 532935 ARIES AGRO OPG SECURITIES PVT LTD S 913788 235.96
15/1/2008 532935 ARIES AGRO MAHANAND PRASAD S 151219 236.19
15/1/2008 532935 ARIES AGRO SHAILESH M NISSAR S 147517 237.00
15/1/2008 505506 AXON INFOTEC ANJANI VANIJYA PRIVATE LIMITED B 24100 71.96
15/1/2008 505506 AXON INFOTEC AS VANIJYA PRIVATE LIMITED B 10000 72.25
15/1/2008 505506 AXON INFOTEC ANITA VYAPAAR PRIVATE LIMITED B 10000 72.25
15/1/2008 532700 ENT NETWORK RUANE CUNNIF GOLDFARB B 600000 620.00
15/1/2008 532544 INDIABULLS ORIENT GLOBAL TAMARIND MAURITIUS B 2731400 879.64
15/1/2008 532067 KILPEST INDI HEMANT M SHETH B 36650 110.92
15/1/2008 532933 PORWAL AUTO SHAILESH M NISSAR B 90177 73.17
15/1/2008 532933 PORWAL AUTO A A DOSHI SHARES AND BROK B 194534 71.84
15/1/2008 532933 PORWAL AUTO SHAILESH M NISSAR S 90177 73.46
15/1/2008 532933 PORWAL AUTO A A DOSHI SHARES AND BROK S 197413 72.16
15/1/2008 522257 RAJOO ENGIN. HEMLATABEN DINESHKUMAR JAIN S 15476 130.68
15/1/2008 532887 SUJANATOWER DMA INVESTMENT PVT LTD B 553315 209.65
14/1/2008 532935 ARIES AGRO R.M.SHARES TRADING PVT LTD B 157723 227.14
14/1/2008 532935 ARIES AGRO DYNAMIC STOCK BROKING I PVT LTD B 133611 223.55
14/1/2008 532935 ARIES AGRO R.M.SHARES TRADING PVT LTD S 157723 227.58
14/1/2008 532935 ARIES AGRO DYNAMIC STOCK BROKING I PVT LTD S 144311 226.50
14/1/2008 531137 GEMSTONE INV KISHORE BALUBHAI CHAUHAN S 48750 30.38
14/1/2008 532933 PORWAL AUTO TRANSGLOBAL SECURITIES LTD B 186515 85.50
14/1/2008 532933 PORWAL AUTO R.M.SHARES TRADING PVT LTD B 235653 89.30
14/1/2008 532933 PORWAL AUTO JMP SECURITIES PVT. LTD. B 161481 83.22
14/1/2008 532933 PORWAL AUTO TRANSGLOBAL SECURITIES LTD S 186515 85.74
14/1/2008 532933 PORWAL AUTO R.M.SHARES TRADING PVT LTD S 235653 89.69
14/1/2008 532933 PORWAL AUTO JMP SECURITIES PVT. LTD. S 108005 86.65
14/1/2008 532934 PRECISION ASSET ALLIANCE SEC PVT LTD B 72448 148.73
14/1/2008 513043 RAJEN.MECH. APURVA STEELS LTD. B 25162 180.74
14/1/2008 531703 TRIBHVAN HSG G R PANDYA SHARE BROKING LTD B 100000 36.94
11/1/2008 532935 ARIES AGRO ASSET ALLIANCE SEC PVT LTD B 103323 216.89
11/1/2008 532935 ARIES AGRO JMP SECURITIES PVT. LTD. B 265162 249.05
11/1/2008 532935 ARIES AGRO TEJAS DEVENDRA DESAI B 93521 229.55
11/1/2008 532935 ARIES AGRO DYNAMIC STOCK BROKING I PVT LTD B 250743 238.45
11/1/2008 532935 ARIES AGRO DYNAMIC STOCK BROKING I PVT LTD S 247743 238.98
11/1/2008 532935 ARIES AGRO ASSET ALLIANCE SEC PVT LTD S 103323 217.34
11/1/2008 532935 ARIES AGRO JMP SECURITIES PVT. LTD. S 127357 248.28
11/1/2008 532935 ARIES AGRO TEJAS DEVENDRA DESAI S 93521 230.22
11/1/2008 505506 AXON INFOTEC KASHIRAM KADAM B 31000 70.08
11/1/2008 532934 PRECISION ASSET ALLIANCE SEC PVT LTD B 75438 141.10
11/1/2008 532934 PRECISION DYNAMIC STOCK BROKING I P VT LTD B 168284 144.10
11/1/2008 532934 PRECISION ASSET ALLIANCE SEC PVT LTD S 75438 140.00
11/1/2008 532934 PRECISION DYNAMIC STOCK BROKING I PVT LTD S 168284 146.56
11/1/2008 501756 THANA ELE SU SHARE TRADING S 12600 60.60
Post Session Commentary - Jan 16 2008
The Indian market closed in the negative territory on the back of heavy profit booking across the counters. The market opened in red backed by negative cues from the global markets and drifts down further since the opening bell. The market faced the bloodbath due to heavy selling pressures that led the BSE Sensex to fell more than 700 points during the trading session. But buying at the lower levels led the market to shed some of its points towards the end of the session. The BSE Sensex touched an intraday high of 20,079 and low of 19,513. Even the Small caps and Mid caps were the most hit as they close with a heavy loss of 233.08 points and 164.69 points at 12,522.21 and 9,267.20 respectively. The BSE Sensex closed lower by 382.98 points at 19,868.11 and NSE Nifty fell by 138.5 points to close at 5,935.75.
BSE Metal index dropped by 590.38 points to close at 18,020.25. Scrips that slipped are Sterlite inds (6.21%), JSW Steel (5.35%), Gujarat NRE (4.13%), Bhushan Steel (4.08%).
BSE Realty index closed lower by 596.18 points at 12,825.31 as Omaxe Ltd (9.49%), Unitech (6.20%), Indbul Real (5.34%), DLF (4.12%) closed in red.
BSE Bankex index slipped by 94.57 points to close at 12,163.85 as HDFC bank (6.12%), Axis bank (3.59%), Yes bank (3.03%), Canara bank (2.94%) closed lower.
BSE Oil & Gas index fell by 206.35 points to close at 13,650.13. Scrips that dropped are Cairn India (3.56%), Aban Offshore (2.24%), Reliance industries (2.01%), ONGC (1.88%) .
BSE Capital Goods index declined by 473.11 points to close at 18,673.80. Scrips that fell are BEML (4.47%), BHEL (4.42%), AIA Engi (4.34%), Areva (3.74%), ABB (2.73%) and L&T (1.78%).
BSE Power index dropped by 169.94 points to close at 4,462.33 as Tata Power (5.63%), NTPC (5.55%), Reliance Energy (4.14%), Suzlon Energy (3.06%) and GVK Power (2.22%) closed lower.
BSE IT index slipped by 27.87 points to close at 3,882.88. Scrips that tumbled are Niit Tech (4.21%), GTL Ltd (3.86%), Patni Computers (3.19%), Satyam (2.09%)
Market Close : Global sentiments hamper..!
Negative trend continues to keep markets under pressure. Following the global cues markets opened with a downward gap and continued to slide till incides were in deep in blood, down about 700 points. All the support levels were breached. Indian bourses have witnesses a burn in their market caps in the last few trading sessions. Market managed to recover from the days low on the back of value buyimg seen at lower levels. Metals , power , realty and capital goods lost major grounds as compared to others. Only banking sector seemed to be less affected. The trend of large IPO?s foraying the markets and leading to a mojor correction at times seems to becoming a thumb rule. Quarterly results posted by companies are good. They continue to sustain and increase their margins. Most large caps companies show strong order book. The fundamentally story still remains to be positive. Its Reliance Power IPO playing on everyone?s mind, draining major flow from the markets. Globally markets have started showing weak trend. Asian indices being no exceptional. Europe trading in red.
Sensex ended down by 383 points at 19868.10. Weighing on the Sensex were losses in HDFC Bk (1675.85,-6 percent), RCVL (731.65,-6 percent), NTPC (258.8,-6 percent), BHEL (2308.8999,-4 percent) and Rel Energy (2266.6001,-4 percent). Losses were restricted by gains in ICICI Bk (1369.2,+1 percent), Bharti Tele (864.85,+1 percent), TCS (944.5,+1 percent), Cipla (205.25,+0 percent) and SBI (2420.8501,+0 percent).
Apollo tryes was the stock buzzing on the quarterly number which were in line with the market expectations. Volume growth was primarily responsible for the good set of numbers reported this quarter. Apollo Tyres reported a good set of numbers for the December ended quarter. The top line witnessed a growth of 13.7% YoY at Rs 974 cr. EBIDTA margin levels improved by 270 basis points on yearly comparison at 13.4%. The EBIDTA was higher by 42% YoY at Rs 131 cr for the quarter. The bottom line levels for the quarter were at 6.4%, up by 240 bps on YoY. Net profit was higher by 80% YoY at Rs 62 cr for the quarter. Apollo Tyres is the leader in the the commercial tyre market in India. CV tyres forms 70% of the Industry value by and tonnage. Apollo has a marketshare of 27% in the Truck and Bus segment and a 24% marketshare in the LCV segment. Apollo tyre produces tyres, tubes, flaps which makes it a powerful player in Indian tyre market. Apollo is the market leader in the replacement market for commercial vehicle (CV) tyres which accounts for almost half of the domestic tyre industry. Stock ended up by 5%.
KEI Industries Limited (KEI) is one of the established player and the second largest power cable company in India. KEI is into manufacture of high and low tension cables (HT and LT), control and instrumentation cables, house wires and stainless steel wires. The Indian Power Cable market is estimated at more than Rs 8,500 cr. About 67,000 MW of power generation capacity and 60,000 circuit km of transmission network are proposed to be added by 2012 as per 11th Five Year plan. The expenditure estimated for power generation alone is at Rs 270,000 cr and Rs 69,500 cr for power transmission. The cost of power cables is around 3% of the investment in power generation and 2% for power transmission. This will generate a huge demand for power cables in near future. KEI is growing aggressively by expanding capacity to meet domestic and international demand. On the whole the macro scenario seems to be best for KEI in future. One can invest in this stock at current levels for medium to long term. Do read our detailed research note on KEI to know more. The story sounds good for long trem investment.
Technically Speaking : Sensex slided heavily in red mainly on the back of global weakness. Indicies madea intraday high of 20,080 and days low of 19,513. Volume was a bit dull at Rs 7860 Crs. The breath was in favor of Declines, where Advances stood at 642 and Declines at 2184. Sensex has broken its major support at 19950 -- 20000 and has closed lower. We could see immediate target of 19060 and 18500. Trend will reverse above 20250.
Market plunges on global cues
The market fell today as the prospects of a recession in the United States triggered a sell-off in the global markets. The market remained subdued for the day although it made some recovery from its lows in the late trade. Reliance Industries, ICICI Bank and Reliance Energy recovered from its lows in late trade. All the BSE sectoral indices were ended in red.
HDFC Bank and Reliance Communications were major losers from the Sensex pack. Capital goods, metal, realty and power stocks were worst hit. The market breadth was weak.
European markets, which opened after Indian markets, were weak. Asian markets, which opened before Indian markets, were trading in the red throughout the day.
Nifty January 2008 futures were at 5950, at premium of 14.25 points compared with spot closing of 5935.75.
The NSE futures & options (F&O) segment turnover was Rs 80,606.24 crore, which was higher than Rs 65,569.15 crore on Tuesday, 15 January 2008.
The 30-share BSE Sensex declined 382.98 points or 1.89% to 19,868.11. Sensex hit a low of 19,513.25 in mid-afternoon trade. At day’s low, Sensex shed 737.84 points.
The broader CNX S&P Nifty fell 138.5 points or 2.28% to 5,935.75.
The BSE Mid-Cap index was down 1.75% to 9,267.20. The BSE Small-Cap index was down 1.83% to 12,522.22. Both these indices outperformed the Sensex.
The BSE FMCG index (down 2.05% to 2,305.98), PSU index (down 2.26% to 10,071.51), Capital Goods index (down 2.47% to 18,673.80), Metal index (down 3.17% to 18,020.25), Power index (down 3.67% to 4,462.33) and Realty index (down 4.44% to 12,825.31). All these indices underperformed the Sensex.
The BSE IT index (down 0.71% to 3,882.88), Bankex (down 0.77% to 12,163.85), HealthCare index (down 0.95% to 4,125.40), Auto index (down 1.2% to 5,271.09). All these indices outperformed the Sensex.
The market breadth was weak. On BSE, 613 shares advanced as aginst 2,215 shares that declined whereas 31 remained unchanged. 24 out of 30 Sensex stocks were in red.
India’s largest private sector firm by market capitalisation and oil refiner Reliance Industries fell 2.01% to Rs 3,098.35. It recovered from session's low of Rs 3,032.60 in late trade.
India’s second largest software exporter by sales Infosys Technologies was down 0.51% to Rs 1,494.15.
ICICI Bank rose 1.32% to Rs 1,369.20 . It recovered from session's low of Rs 1,310.90 in late trade.
Tata Consultancy Services (up 0.67% to Rs 944.50), Mahindra & Mahindra (up 0.52% to Rs 739.05), Bharti Airtel (up 0.88% to Rs 864.85) and Cipla (up 0.34% to Rs 205.25), were the gainers from the Sensex pack.
Reliance Communications declined 5.89% to Rs 731.65. HDFC Bank down 6.12% to Rs 1,675.85.
Reliance Energy declined 4.14% to Rs 2,266.60. It recovered from its lows of Rs 2,167. The mega initial public issue of Anil Dhirubhai Ambani group's Reliance Power became the largest ever in India after over-subscription of more than 10.5 times on its opening day on Tuesday, 15 January 2008.
Capital goods stocks were down. Larsen & Toubro (down 1.78% to Rs 3,989.90), Bharat Heavy Electricals (down 4.42% to Rs 2,308.90) and Suzlon Energy (down 3.06% to Rs 1,983.60), edged lower.
Realty stocks declined. Unitech (down 6.2% to Rs 487.30), Omaxe (down 9.49% to Rs 439.65), DLF (down 4.12% to Rs 1,127.60), Indiabulls Real Estate (down 5.34% to Rs 701.05), edged lower.
Metal stocks fell. Tata Steel (down 3.91% to Rs 818.55), Sterlite Industries (down 6.21% to Rs 926.25), and Hindalco Industries (down 3.41% to Rs 191.05), edged lower. Steel Authority of India rose 1.03% to Rs 245.20.
Power stocks slumped. Tata Power Company (down 5.63% to Rs 1,459.25), NTPC (down 5.55% to Rs 258.80) and Power Grid Corporation of India (down 2.23% to Rs 135.85), edged lower.
Reliance Natural Resources clocked the highest volume of 2.84 crore shares on BSE. The scrip declined 0.58% to Rs 216.10. Ispat Industries clocked the second highest volume of 1.35 crore shares. The scrip declined 1.85% to Rs 63.70. Reliance Petroleum clocked the third highest volume of 1.16 crore shares. The scrip edged up 0.57% to Rs 220.95. IFCI clocked the fourth highest volume of 98.4 lakh shares on BSE. The scrip rose 1.54% to Rs 85.75. Cybermate Infotek clocked the fifth highest volume of 92.2 lakh shares on BSE. The scrip gained 0.53% to Rs 15.09.
Reliance Natural Resources clocked the highest turnover of Rs 600.70 crore on BSE. Reliance Industries (Rs 303.60 crore), Reliance Energy (Rs 285.37 crore), Reliance Petroleum (Rs 253.71 crore) and Reliance Communications (Rs 233.16 crore) were other turnover toppers on BSE in that order.
European markets were weak. France’s CAC 40 (down 0.81% to 5,208.27), Germany’s DAX (down 1.18% to 7,477.03) and UK’s FTSE 100 (down 1.13% to 5,957.50) edged lower.
Asian markets were trading lower today, 16 January 2008. Hong Kong's Hang Seng, Japan's Nikkei, Taiwan's Taiwan Weighted, South Korea's Seoul Composite and Shanghai Composite slipped 2.4- 5.37%.
US markets plunged more than 2% on Tuesday, 15 January 2008 after Citigroup posted first-ever quarterly loss and disappointing holiday shopping numbers fueled fears that the economy was heading into a recession. Citigroup was hurt by a $18.1-billion write-off due to exposure to Sub prime mortgages and other risky debt, posted a net loss of $9.83 billion. The bank has reduced its dividend by 41%, and cut 4,200 jobs. The stock was down 7.30%.
The Dow Jones plunged 277.04 points, or 2.17%, to 12,501.11. The Standard & Poor's 500 index slipped 35.30 points, or 2.49%, to 1,380.95, and the Nasadaq composite index fell 60.71 points, or 2.45%, closing at 2,417.59 on Tuesday, 15 January 2008.
Sensex slips 383 points
Weak global cues and unwinding of positions by investors triggered a 700-point fall for the Sensex today. The market mirrored the Asian markets. Hang Seng tumbled 5.37% or 1,387 points, Nikkei fell 3.35% or 468 points and Jakarta Composite slipped 5.04% or 138 points. The Sensex resumed on a bearish note at 20,080, which was 172 points below its last close of 20,251 and accumulated losses of 738 points by afternoon on across-the-board selling pressure to touch the day's low of 19,513. However, short covering in index pivotal stocks saw the Sensex erase losses of 355 points towards close and end the session at 19,868, down 383 points. The Nifty declined by 2.28% and was down 139 points to close at 5,936.
The market breadth was heavily tilted in favour of the losers as 2,207 stocks declined, 615 stocks advanced and 18 stocks remained unchanged on the Bombay Stock Exchange(BSE). Most of the sectoral indices were battered on the BSE. The BSE Realty index lost heavily and dropped 4.44% followed by the BSE Power index (down 3.67%), the BSE Metal index (down 3.17%), the BSE CG index (down 2.47%), the BSE PSU index (down 2.26%) and the BSE FMCG index (down 2.05%). The second-rung benchmark indices the BSE mid-cap index and the BSE small-cap index also slipped around 2% each.
Out of the 30 Sensex stocks only six stocks managed to end in the green. Among the major losers HDFC Bank tanked 6.12% at Rs1,676. Reliance Communication slumped by 5.89% at Rs732, NTPC shed 5.55% at Rs259, BHEL crumbled by 4.42% at Rs2,309, Reliance Energy dropped 4.14% at Rs2,267 and DLF slipped by 4.12% at Rs1,128. Other front-line stocks also declined by around 1-3% each. However, ICICI Bank bucked the downtrend and advanced by 1.32% at Rs1,369, while Bharti Airtel, TCS, M&M, Cipla and SBI inched up marginally.
Over 2.84 crore RNRL shares changed hands on the BSE followed by Ispat Industries (1.35 crore shares), Reliance Petroleum (1.16 crore shares), IFCI (98.40 lakh shares) and Cybermate Infotek (92.20 lakh shares).
Valuewise, RNRL registered a turnover of Rs600 crore on the BSE followed by Reliance Industries (Rs303 crore), Reliance Energy (Rs285 crore), Reliance Petroleum (Rs253 crore) and Reliance Communication (Rs233 crore).
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