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Friday, March 18, 2011

Broker Actions - Mar 18 2011


Company

Actions

APOLLO TYRES LTD

Target Px increased to 82 by LKP Shar

BAJAJ FINSERV LT

Coverage Initiated at Neutral/neutral

BIOCON LTD

Target Px decreased to 426 by MSFL Research

CENTRAL BK INDIA

Target Px decreased to 114.839 by Cit

FED BANK LTD

Target Px increased to 455 by Execution N

GRASIM INDS LTD

Target Px increased to 3010 by Citi

HINDALCO INDS

Target Px decreased to 229 by BNP Pariba

INDIAN HOTELS CO

Upgraded to Buy by Sharekhan Ltd, TgP

INDUSIND BANK

Coverage Initiated at Buy by Prabhudas L

MARUTI SUZUKI IN

Downgraded to Sell by Fortune Equity

MARUTI SUZUKI IN

Target Px decreased to 1650 by UBS

MAX INDIA LTD

Coverage Initiated at Buy/Neutral by Gol

MINDTREE LTD

Target Px decreased to 350 by ICICI Secur

MINDTREE LTD

Downgraded to Hold by KR Choksey Shares &

NATIONAL ALUMIN

Target Px decreased to 86 by BNP Parib

PUNJ LLOYD LTD

Target Px increased to 75 by JM Financi

REDINGTON INDIA

Coverage Initiated at Buy by Ambit Cap

SUZLON ENERGY

Coverage Initiated at Buy by Ambit Capit

TATA CHEMICALS

Coverage Initiated at Accumulate by AK

ULTRATECH CEMENT

Target Px increased to 985 by Citi

Power Utilities


Power Utilities

Max India


Max India

Jubilant Lifesciences


Jubilant Lifesciences

BSE Bulk Deals to Watch - Mar 18 2011


Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
18/3/2011 517494 Accel Trans PORINJUV VELIYATH B 58869 18.35
18/3/2011 533330 ACROPET TEC GREATFINTRADEPVTLTD B 257100 126.91
18/3/2011 533330 ACROPET TEC S V ENTERPRISES B 363874 120.62

NSE Bulk Deals to Watch - Mar 18 2011


Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
18-MAR-2011,ACROPETAL,Acropetal Tech Ltd,BASMATI SECURITIES PVT LTD,BUY,105173,119.86,-
18-MAR-2011,ACROPETAL,Acropetal Tech Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,1657719,124.84,-

Market slips as rising crude oil, Japan nuke crisis play spoilsport


The market declined last week on concerns over developments in Japan and its impact on the global recovery. The key benchmark indices, which attempted to edge higher in the beginning of the week, gave up gains as the Reserve bank of India's 25 basis point hike in key rates put pressure on the market. Even the marginal fall in weekly food inflation numbers for the first week of March was ignored by investors.

Market likely to remain subdued on political uncertainties, rising crude prices


The market is likely to exhibit weakness in the forthcoming week on rising political uncertainties and a spurt in crude oil prices. Activity of the domestic and foreign funds will determine the market trend. Also impact of the massive earthquake and tsunami, that struck the World's third largest economy - Japan on 11 March 2011, on the global economy and the developments from the Middle East will be closely watched.

Sensex settles below 18,000 as RIL drops over 4%


The key benchmark indices edged lower, extending Thursday's decline, on rising political uncertainties and a spurt in crude oil prices. Notwithstanding a firm start, the barometer index had slipped below the psychological 18,000 mark in mid-morning trade. Intraday volatility was high. European equities, US index futures and Asian markets edged higher following a decision of the G-7 leaders to intervene in the currency markets to curb the yen's rise. The BSE 30-share Sensex was down 271.06 points or 1.49% to 17,878.81, off 380.8 points from the day's high. The index had declined 1.14% on Thursday on fears of further monetary tightening by the central bank to tame high inflation.

PTC India Financial Services Final Subscription Figures


Qualified Institutional Buyers (QIBs) 2.85
Non Institutional Investors 0.22
Retail Individual Investors (RIIs) 1.18

Grey Market Premiums - Mar 18 2011


Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Lovable Lingerie Ltd.

205

(Upper Price Band)

58 to 61

PTC India Financial Services

26 to 28

0.70 Paisa To 1 Rupees

Muthoot Finance

--

--

SBI Bond

10,000

300 to 305

Market Insight - Mar 18 2011


Market Insight - Mar 18 2011

Strong global cues may lift markets at start


Headlines for the day:
RIL, GAIL, Andhra IPPs sign gas swap agreements
GE Healthcare to invest another $50 million in India
FinMin approves 9.5% interest on PF deposits for FY'11
Events for the day:

Major corporate action

PTC India Financial Services IPO closes today
Equity shares of Dhunseri Investments to be listed today
Monotona Securities board to consider bonus issue

Reliance Industries - Japan Impact


Reliance Industries - Japan Impact

Daily Technical Report - Mar 18 2011


Daily Technical Report - Mar 18 2011