Tata Motors, Bharti Airtel, India Banking
Thursday, August 12, 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
12-AUG-2010,ASAHIINDIA,Asahi India Glass Limited,SUDARSHAN SECURITIES PVT. LTD.,BUY,815534,76.68,-
12-AUG-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,CNB FINWIZ LIMITED,BUY,16592,240.88,-
Today’s major news:
State Bank of India hits 52-week high on robust Q1 results; the stock closes 6.93% higher
Index of industrial production for June at 7.1%
Tata Power Q1 consolidated net profit slides 46% yoy; the stock closes 0.42% lower
ICICI Bank August 2010 futures at discount
Nifty August 2010 futures were at 5,417.60, at a premium of 1.15 points, compared to spot closing of 5,416.45. Turnover in NSE's futures & options (F&O) segment surged to Rs 1,04,776.77 crore from Rs 91,380.82 crore on Wednesday, 11 August 2010.
Risk aversion in its prime as stocks fall across the board
Asian markets slumped today as the US dollar rose sharply and the investors grew worried about the US economic prospects and a very sharp fall in the US stocks kept the sentiments sluggish in Asia. Fed decided to keep rates in their record low range of 0.00% to 0.25% and said they would keep them there for an extended period as expected. The Fed also announced that it would reinvest mortgage bond proceeds into government bonds rather than more mortgage debt, ensuring the start of another round of quantitative easing. This pepped up the US stocks from their intraday lows on Tuesday but the sentiments turned decisively bearish yesterday as the Dollar cruised along at a very nice pace to strike two and half week highs and poor economic data from the US fanned worries about the economy.
Volatility was the order of the day as key benchmark indices swung between gains and losses amid choppy European shares. Shares of India's biggest commercial bank in terms of branch network, State Bank of India (SBI), surged nearly 7% after it reported strong Q1 results during trading hours. Auto and realty stocks also rose. Tata Motors hit a record high, extending recent strong rally triggered by robust Q1 result.
15 to 17
25 to 28
SKS Micro Finance
45 to 47
Bajaj Corp. Ltd.
65 to 68
5 o 7
The market may extend last two days' losses on weak global stocks. Trading of the S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could fall 41 points at the opening bell. On the macro front, the government will announce industrial output data for the month of June 2010 today, 12 August 2010. The government will unveil data on some wholesale price indices for the year through 31 July 2010 viz. the food price index, the primary articles index and the fuel price index at about 12:00 IST today.
Reliance Industries is planning to resume the sale of treasury shares held by its Petroleum Trust. (BS)
Government has asked the Supreme Court to reject the petition of Tata Power against coal diversion by Reliance Power. (BS)
US stocks succumb as investors lose confidence in economic recovery
US stocks plunged drastically at Wall Street on Wednesday, 11 August 2010. Stocks continued to bleed for the entire day after investors somewhat lost confidence in the economic recovery process that the Fed has been undertaking since past year. Global and domestic economic data added further salt to the injury and stocks received no respite from their downward journey throughout the day. The dollar spiked up heading to its highest level in more than a month leading to lower commodity prices.
Prices drop substantially despite upward revision for global oil demand
Crude oil prices ended substantially lower on Wednesday, 11 August 2010. Prices fell as the dollar strengthened and energy department reported rise in crude product stockpiles for last week.
Gold inches up but silver continues to turn pale
Bullion metal prices ended mixed on Wednesday, 11 August 2010 at Comex. Gold prices inched up but silver dropped. Gold prices pared most of their earlier gains and settled at session lows, a dollar below the $1200 mark. Prices fell as the dollar strengthened substantially.