Friday, July 30, 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-JUL-2010,AMARJOTHI,Amarjothi Spinning Mills,SAR AUTO PRODUCTS LIMITED,BUY,46137,65.60,-
30-JUL-2010,ASTERSILI,Aster Silicates Limited,AKSHI FINANCE PRIVATE LIMITED,BUY,120384,232.57,-
30-JUL-2010,ASTERSILI,Aster Silicates Limited,ALFA FISCAL SERVICES PVT LTD,BUY,58564,227.58,-
Qualified Institutional Buyers (QIBs) 1.44
Non Institutional Investors 0.05
Retail Individual Investors (RIIs) 0.07
Very low interest from HNIs and Retail for now. QIB expected to pick up today.
Midfield Industries Ltd.
18 to 20
270 to 290
SKS Micro Finance
850 to 985
68 to 70
100 to 110
6 to 8
Bajaj Corp. Ltd.
630 to 660
35 to 36
The market may open lower as Asian stocks fell after weak global economic data. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could fall 28 points at the opening bell.
India's largest motorbike maker by sales Hero Honda Motors may see selling pressure as net profit declined 1.6% to Rs 491.69 crore on 12% growth in turnover to Rs 4296.61 crore in Q1 June 2010 over Q1 June 2009. The company announced the result after trading hours today, 29 July 2010.
DLF may raise Rs25bn via sale of non-core assets. (BS)
Sun Pharma wins over Eli Lily in a patent litigation over Gemzar, a drug used in cancer treatment, with a US federal court ruling in its favour. (BS)
After out-performing the global market last month, the Indian market has started to under-perform in the recent sessions, as a few earnings missed expectations and the RBI raised key rates for the fourth time this year. Also, some of the economic reports are pointing to a slight slowdown in the Indian economy.
Prices start the day in the red but then recover as dollar weakens
Crude oil prices managed to pare their earlier losses on Thursday, 29 July 2010 at Nymex and ended substantially higher for the day. Prices rose due to weak dollar and better than expected initial claims data.
We recommend a buy in the stock of Petronet LNG from a short-term perspective. The stock jumped 10 per cent on July 29, conclusively breaking out of its medium-term sideways consolidation range between Rs 76 and Rs 86. With this break through the stock has resumed its long-term uptrend and also reinforced the bullish momentum. We notice that there is an increase in volume over the past three trading sessions. The stock is hovering well above its 21- and 50-day moving averages. The 14-day relative strength index is featuring in the bullish zone and the weekly RSI is entered in to this zone from the neutral region. Both the daily and weekly moving average convergence divergence oscillators are featuring in the positive territory signalling upward momentum. The stock's intermediate-term uptrend trend-line is in tact. Our short-term outlook on the stock is bullish. We anticipate the stock to move up further until it hits our price target of Rs 97 and 100 in the forthcoming trading session. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 92.
Sun TV, Jindal Power and Steel, DLF, Mahindra and Mahindra, Tata Communications, Corporation Bank, Patni Computer Systems, Voltas, Jubilant Organosys
Sun TV, Jindal Power and Steel, DLF, Mahindra and Mahindra, Tata Communications, Corporation Bank, Patni Computer Systems, Voltas, Jubilant Organosys, Havells, Phoenix Mills, Sobha Developers, Ashok Leyland, Welspun Gujarat, Cadila Healthcare
Today's major news
Food inflation eases to 9.67%
Oil & Natural Gas Corporation's Q1 net profit slips 24% yoy; the stock closes 1.07% lower
Steel Authority of India’s Q1 net profit dips 12% yoy; the stock ends 1.61% down
Japanese stocks remain an exception as Nikkei falters
Asian market managed to finish the Thursday session slightly above the flat line on Thursday, 29 July 2010, after regional companies reported better-than-expected quarterly earnings and signs that Europe's economy is bouncing back faster than expected.
The key benchmark indices eked out small gains as global stocks rose. Sustained buying by foreign funds, revival of monsoon rains this month and latest data showing easing of food inflation, supported stocks. The BSE 30-share Sensex rose 34.63 points or 0.19%, up close to 90 points from the day's low and off close to 20 points from the day's high. Index heavyweights Reliance Industries (RIL) edged lower in volatile trade. The market breadth was negative.