India Equity Strategy - Aug 26 2010
Thursday, August 26, 2010
Benchmark indices closed marginally in the green after a choppy trade on the expiry of the August derivative series. Sensex gained 46 points to close at 18226 while Nifty finished at 5478, up 15 points. BSE Mid-cap index lost 0.1% while the small-cap index gained 0.1%. Sensex as well as Nifty have gained 1.3% during the August derivative series. Food inflation for the week ended August 14 came in at 10.05%, the previous week’s figure being 10.35%. Fuel price index rose 12.57%, remaining unchanged at previous week’s level while Primary Article inflation stood at 14.75% as against 14.85%. European markets were trading higher by just under a percent while US stock indices futures were up about a third of a percent ahead of jobless claims data.
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
26/8/2010 530901 ACIL Cot Inds NILESH KRUSHNA PALANDE B 98643 37.56
26/8/2010 530901 ACIL Cot Inds KEYUR KIRIT MODI S 65000 37.35
26/8/2010 532975 Aishwarya Tele VIPUL HIRALAL SHAH B 205633 33.30
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
26-AUG-2010,AUROPHARMA,Aurobindo Pharma Ltd.,DEUTSCHE SECURITIES MAURITIUS LTD.,BUY,375750,1037.53,-
26-AUG-2010,HANUNG,Hanung Toys and Textiles,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,219768,284.20,-
Food inflation eases to 10.05%
Entertainment Networks India jumps as Copyright Board reduces royalties; the stock ends 9.31% higher
CCL International board approves stock split; the stock closes 5.50% lower
F&O turnover spurts due to rollover
Nifty September 2010 futures were at 5472.50, at a discount over the spot closing of 5477.90. Turnover in NSE's futures & options (F&O) segment surged to Rs 156182.79 crore from Rs 139650.18 on Wednesday, 25 August 2010, as traders rolled positions from the near-month August 2010 series to September 2010 series. The August 2010 derivatives contracts expired today, 26 August 2010.
Markets eke out some gains today as bargain hunting and modestly positive cues from the overnight US markets support the sentiments
Asian markets eked out some gains today as bargain hunting and modestly positive cues from the overnight US markets supported the sentiments. The recent array of steep losses prompted buyers to swing in the action on ideas that stocks have fallen too far compared with the economic outlook. A rebound in crude oil prices and a slide in the US dollar also supported the sentiments. Euro charted a four session high against the dollar, spurring a tentative rebound for most risky assets but the mood seemed to turn around in late trades as the DOW futures slipped in red and the Dollar broke under 1.2700 against the Euro.
Gets bids for 206.16 crore shares
Investors have made a beeline for the shares of Gujarat Pipavav Port (GPPL), as the company's initial public offer (IPO) was heavily subscribed. The IPO was subscribed 18.67 times by 16:00 IST, on the last day of bidding for the issue by retail investors and non-institutional bidders today, 26 August 2010. The IPO got bids for 206.16 crore shares, compared with 11.04 crore shares on offer.
The key benchmark indices eked out small gains amid high volatility, as reports of above-normal rains in the week ended Wednesday, 25 August 2010, triggered bargain hunting after a two day slide. Volatility was high as traders rolled positions in the derivatives segment from the near-month August 2010 series to September 2010 series as August 2010 derivatives contracts expired today, 26 August 2010. The BSE 30-share Sensex was up 46.71 points or 0.26%, off close to 35 points from the day's high and up close to 65 points from the day's low.