Monday, June 21, 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
21/6/2010 530901 ACIL Cot Inds RAMESH MOHOD B 65000 32.60
21/6/2010 512355 Anukaran Comm NEHA PREMAL PAREKH B 20000 18.50
21/6/2010 512355 Anukaran Comm HANSABEN PRAMODRAY LOTIA S 20000 18.50
21/6/2010 512247 Ashirwad Cap SWASTI VINAYAKA INVESTECH LIMITED S 240000 3.28
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
21-JUN-2010,ABAN,Aban Offshore Ltd.,MORGAN STANLEY MAURITIUS COMPANY LTD,BUY,240000,745.06,-
21-JUN-2010,BIL,Bhartiya Intl Limited,KANCHAN CHHABRA,BUY,47368,78.63,-
21-JUN-2010,STARPAPER,Star Paper Mills Ltd,SAR AUTO PRODUCTS LIMITED,BUY,113842,42.50,-
21-JUN-2010,VIPIND,VIP Industries Ltd.,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,233946,299.58,-
21-JUN-2010,VIPIND,VIP Industries Ltd.,RAKESH JHUNJHUNWALA,BUY,205000,296.99,-
21-JUN-2010,ZYLOG,Zylog Systems Limited,SHARAD KANTILAL SHAH,BUY,99694,471.40,-
21-JUN-2010,BIL,Bhartiya Intl Limited,KANCHAN CHHABRA,SELL,77631,76.68,-
21-JUN-2010,KINETICMOT,Kinetic Motor Company Ltd,KINETIC ENGINEERING LTD,SELL,160000,20.46,-
21-JUN-2010,STAN,Standard Chartered PLC,V S NET LTD,SELL,2247238,108.29,-
21-JUN-2010,VIPIND,VIP Industries Ltd.,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,234821,300.60,-
Today's major news
Cadila Healthcare strikes all-time high; the stock closes up 0.79%
Reliance Media World surges on joint venture with CBS; the stocks ends 4.01% higher
Insurance Regulatory Development Authority to frame new guidelines on unit-linked insurance products
Most of the markets log in gains of around 2-3% to start the week in an upbeat manner
Asian markets had a very good time in the first session of the week after the People's Bank of China signaled over the weekend that it would end the yuan's de-facto peg to the U.S. dollar. The DOW futures rallied as the US dollar plummeted to a six week low and stocks were flying across Asia before the US currency took about turn as traders cut their Euro longs ahead of an all important speech by the ECB chairman Jean Clause Trichet. DOW futures erased their gains and stocks came off their highs. Commodities also slipped though crude oil continued to brace up gains, holding above $79 per barrel mark.
Rally in Asian and European stocks boosted the domestic market after China said over the weekend that it will allow its currency more freedom to move against the US dollar, which should spur its economic growth. An end to the row over regulation of Unit Linked Insurance Products (Ulips), also aided the rally on the domestic bourses.
Early morning cheerfulness can be extremely obnoxious. - William Feather.
Two big weekend developments could have a bearing on the market sentiment in the near term. The first one is the Government’s announcement that IRDA will continue to oversee ULIPs. This might set at rest long-standing anxiety over the ULIP issue and could revive the sale of the hybrid product. So, keep an eye on the flows from the domestic funds. FII inflows have improved in June after the May carnage.
Southwest monsoon gets a decent start
The onset and advancement of the southwest monsoon was decent with the cumulative rainfall till the week ended June 16, 2010 being at 5.4% below normal. The rainfall for the week ended June 16, 2010 stood at 7.7% below normal.
End of a row over the regulation of unit linked insurance plan or Ulips and firm Asian stock will market extend recent strong gains. The market sentiment remains firm on higher advance tax payment by most Indian firms and on sustained buying by foreign funds. Trading of S&P CNX Nifty on the Singapore stock exchange indicated that the Nifty could gain 58 points at the opening bell.
Indian equities are likely to open positive on Monday, Jun. 21, 2010. SGX Nifty is trading at 5,315 (7.40 am), 56.5 points higher than Thursday closing of 5,258.5.
Asian stock markets rose in early trading Monday after China announced the end of its two-year-old peg to the dollar over the weekend. Japanese benchmark index Nikkei 225 rose 176.48 points, or 1.77%, to trade at 10,171.50.
Reliance Industries to foray into power; plans mega investment. (BL)
Besides getting 468 branches, ICICI Bank will also get control of 58 branches of a regional rural bank sponsored by Bank of Rajasthan. (BL)
Saudi Binladin Group is all set to buy a 20% stake in Maytas Infra. (BS)
The Indian markets snapped its longest winning streak in over 10-months on Friday. After surging for seven straight trading sessions markets ended in the red on account of subdued cues from the US and the Asian markets.
Investors with medium-term perspective can consider buying the stock of Lanco Infratech (Rs 68.4).
The company owns and operates independent power projects and is also active in EPC (engineering, procurement and construction) and property development.
Investors with a penchant for risk and a medium-term perspective can buy the stock of construction and infrastructure company Pratibha Industries. At Rs 380, the stock trades at 11.4 times per share earnings for FY-10. Valuations are at a discount to peers such as MBL Infra. However, given its small cap status, investors are advised to limit portfolio exposure to this stock.
Long-term investments can be considered in the stock of Aurobindo Pharma, a leading API (active pharmaceutical ingredient) and formulations manufacturer.
Improving financial performance, likely ramp-up in MNC contracts including the long-term supply agreement with Pfizer and a sales mix tilted towards high-margin formulations business, suggest healthy growth potential for the company.
End of government's incentive schemes in several countries coupled with tough economic environment led to a drop in new passenger car registrations in the EU for the second straight month in May, the European Automobile Manufacturers' Association said. Passenger car registrations in Europe fell 9.3% in May to 1,129,508 vehicles. That followed a 7.4% decline in April that ended 10 consecutive months of increases. In the first five months of the year, 1.9% more new vehicles were registered. The cumulative total for the period amounted to 5,943,096. While Germany registered the most cars, it also recorded the biggest decrease of 35.1% in registrations of all major markets. It was followed by Italy, where registrations fell 13.8% and France with an 11.5% drop. However, sales rose 13.5% in the UK and surged 44.6% in Spain compared to the low levels of last year. Slovakia saw its market shrink the most by a 41.8% decline, while Ireland expanded the most, by 70.6%. Registrations for Volkswagen fell 8.2%, while the same for Peugeot declined 5.3%. Fiat registrations dropped 22.7%, Ford registrations were down 13.2%. GM Group registrations declined 19.4% and Toyota registrations fell 23.1% in the month.