Monday, August 09, 2010
Nifty August 2010 futures were at 5,478.50, at a discount of 7.65 points, compared to spot closing of 5,486.15. Turnover in NSE's futures & options (F&O) segment was Rs 59,053.79 crore, lower than Rs 60,455.50 crore on Friday, 6 August 2010.
Overall activity remains calm as the US Fed meet takes centre stage
Asian markets edged up slightly in nervous trade, following the broad retreat in the US stocks on Friday as the non-farm payrolls dropped more than expected, sending across worries that the US economic recovery might be stalling. The overall undertone in the global markets was quite with mild profit selling activities dominating the scene as the investors poised for the Tuesday's meeting of the US Federal Open Market Committee (FOMC) for signs of any monetary policy action to stimulate the economy.
Today's major news
KSK Energy Ventures lightens on robust Q1 results; the stock closes 0.65% higher
Areva T&D gets contract from Power Grid Corporation of India; the stock ends 2.06% up
Reliance Capital slips on poor Q1 numbers; the stock closes down 1.71%
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
9/8/2010 526955 ABL Biotech RAJINDER KUMAR GUPTA S 46342 20.11
9/8/2010 532975 Aishwarya Tele K RAVINDER S 146900 30.06
9/8/2010 531678 Anand Credit NIKITA NEIL PATTNI B 49000 60.90
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
09-AUG-2010,DCM,DCM Ltd,AJAY ASSET MANAGEMENT PRIVATE LIMITED,BUY,225929,103.26,-
09-AUG-2010,DCM,DCM Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,106847,101.97,-
09-AUG-2010,DCM,DCM Ltd,OM INVESTMENTS,BUY,114168,101.54,-
Bulls are on a rampage. Media reports that the government has relaxed the requirement of minimum 25% public shareholding for listed state-run firms send the key benchmark indices surging to 2-1/2-year highs. A further improvement in the southwest monsoon rains, sustained buying by foreign funds and firm global stocks, also underpinned sentiments. Eleven out of 13 sectoral indices on BSE closed in the green. The market breadth was strong as mid-cap and small-cap indices on BSE outperformed the Sensex. The barometer index BSE Sensex jumped 143.51 points or 0.79%, up close to 148 points from the day's low and off close to 22 points from the day's high.
The market may open lower, extending last two days' losses if trading of the S&P CNX Nifty futures on the Singapore stock exchange is of any indication. It indicated that the Nifty could fall 15 points at the opening bell. Asian stocks recovered after initial losses triggered by weak jobs data in the US.
15 to 17
30 to 35
SKS Micro Finance
47 to 48
Bajaj Corp. Ltd.
630 to 660
70 to 72
100 to 110
10 to 12
TCS is eyeing two contracts for defence strategic communication systems worth Rs28bn. (BS)
ICICI Bank and HDFC Bank has repeatedly violated the guidelines of the RBI on engagement of recovery agents, says government. (ET)
The government plans to sell its stake in SCI to raise funds through a record asset SALE. (ET)
Indian indices inched higher but failed to cross the psychological barrier of 5,500 mark as trading activity was restricted in a narrow band of 5,430-5,480. The rally was dominated by large cap stocks as the broader markets remained directionless. Mixed bag of earnings from corporates and rich valuations also restricted the gains in the key indices. Finally, the Nifty added 1.3% to close the week at 5,439.
Earning reports check in better than expected
US stocks ended lower on the last day of the week that ended on Friday, 06 August 2010. Worse than expected non-farm payroll data took stocks substantially down earlier during the day. But stocks managed to pare their losses partly going in close mainly due to couple of positive earning announcements. A decline in consumer credit amid increased saving by American households also weighed on stocks during the day.
Prices drop as weak data hints at doubtful global recovery
Copper prices ended lower for second straight day at Comex on Friday, 06 August 2010. Prices dropped in tandem with US stocks after non-farm payroll data disappointed traders today.
Prices rise due to weak dollar and weak economic data
Bullion metal prices ended higher on Friday, 06 August 2010 at Comex. A weaker than expected non-farm payroll data increased the appeal of precious metals as an alternate investment. Prices also rose due to weak dollar.
Prices drop for third straight day
Crude oil prices ended lower for third straight day on Friday, 06 August 2010. Prices dropped in tandem with US stocks after non-farm payroll data disappointed traders today.