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Tuesday, September 07, 2010

Reliance Communications, HDFC Bank


Reliance Communications, HDFC Bank

Smart Invest and Smart Trade - Sep 7 2010


Smart Invest and Smart Trade - Sep 7 2010

India Property Sector, India Economy


India Property Sector, India Economy

India Market Strategy - Sep 7 2010


India Market Strategy - Sep 7 2010

Technical Analysis - Sep 7 2010


Technical Analysis - Sep 7 2010

Thermax


Thermax

India China


India China

Daily Market Outlook - Sep 8 2010


Daily Market Outlook - Sep 8 2010

BSE Bulk Deals to Watch - Sep 7 2010


Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
7/9/2010 500003 Aegis Logistics SAPPHIRE COMMERCIAL PVT.LTD. B 96397 306.07
7/9/2010 500003 Aegis Logistics SAPPHIRE COMMERCIAL PVT.LTD. S 94758 298.57

NSE Bulk Deals to Watch - Sep 7 2010


Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
07-Sep-10,APOLLOTYRE,Apollo Tyres Ltd.,GMO EMERGING MARKET FUND,BUY,4410100,86.73,-
07-Sep-10,ATLASCYCLE,Atlas Cycles (Haryana) Lt,C R KOTHARI AND SONS EQUITIES PRIVATE LIMITED,BUY,18841,300.17,-

Momentum continues; Nifty above 5600


Major headlines

Apollo Tyres faces fine for price fixing in South Africa; the stock closes 0.69% lower

Gujarat NRE jumps on fund raising plan; the stock ends 7.31% higher

JSW Steel’s crude steel production up 3%; the stock closes up by 1.89%

Cement shares rally in volatile market


The key benchmark indices extended gains for the second consecutive trading session today, 7 September 2010, with good monsoon rains supporting stock prices. The barometer index BSE Sensex and the 50-unit S&P CNX Nifty scaled 31-month closing highs. But, trading was marked with immense volatility throughout the trading session.

HOT! - Latest Grey Market Premiums - Sep 7 2010


Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Gujarat Pipavav Port

46

9.50 to 11

Microsec Fin

110 to 120 (Approx)

33 to 34

CTV Network

100 to 110 (Approx)

18 to 18.50

Ashok Buildcon

280 to 300 (Approx)

52 to 53

VA Tech Wabag

1200 to 1300 (Approx)

280 to 285

Market may extend Monday's strong gains


The market may edge higher extending Monday (September 2010)'s spectacular rally as most of Asian stocks ticked higher. Sustained buying by foreign funds and good rains may continue to drive share prices higher. Trading of the S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 10 points at the opening bell.

Yesterday's gone!


“When you can think of yesterday without regret and tomorrow without fear, you are near contentment.” Anonymous.

Bulls would have no regrets for most positions taken in recent times thanks to an electrifying buying of sorts across the board. But then today is another day and things could turn out to be different.

Sensex to open flat


Bulls would have no regrets for most positions taken in recent times thanks to an electrifying buying of sorts across the board. But then today is another day and things could turn out to be different.

So, one should be a little bit careful even as the bulls look to lift the key indices further up. Today’s start will be steady to cautious but the sentiment could turn around by the close, especially if the overseas markets extend gains.

Small- and Mid-cap counters will remain abuzz but don’t get carried away.

Asian markets are mixed to flat. European markets finished marginally higher on lower volumes. The US markets were closed for Labor Day.

Central banks in Japan and Australia are set to leave key rates steady today. Bank of Canada will take a call on rates tomorrow. The Bank of England will review its policy on Thursday.

The RBI meets on Sept. 16 to review its policy rates. The latest IIP data will be out on Sept. 10 and August inflation on Sept. 14.

The Nifty may surpass 5600 and go even farther but expect some resistance. Near-term support is likely at around 5550.

IT firms could be in action amid reports that ABN Amro could renew its $1bn contract. Shree Renuka Sugars is mulling picking up a major stake in NCDEX along with Jaypee Capital.

Pawan Kumar Ruia is considering a German acquisition under the listed entity - Falcon Tyres. Jindal Stainless is seeking permission of lenders to buy stake in a Orissa power project.

Idea Cellular could attract some attention amid reports that Etisalat may look at buying a stake in the company.

Karur Vysya Bank will consider a Bonus and a Rights Issue today.

The Board of Directors of Jyoti Ltd. will meet today to consider preferential allotment to promoters and non-promoters.

FIIs were net buyers of Rs9.46bn in the cash segment on Monday (provisionally), according to the NSE web site. Local funds were also net buyers of Rs3.92bn. In the F&O segment, the foreign funds were net buyers at Rs38.60bn. FIIs were net buyers of Rs4.86bn in the cash segment on Friday, as per SEBI's web site.

Important News Snippets For The Day:

The petroleum ministry has approved part-sale of government’s stake in ONGC and IOC, a move that could fetch the government over Rs240bn this financial year.

A proposed Rs500bn deal to merge telecom tower assets of Reliance Infratel with GTL Infrastructure has failed to materialize.

Reliance Industries, which has struck three shale gas joint ventures with US firms this year, may make a full buyout next, as the cash-rich firm builds the knowledge it needs to run such operations.

Shree Renuka Sugars is setting up an integrated sugar-cum-ethanol plant with oil marketing company Hindustan Petroleum Corporation (HPCL) in Maharashtra.

Hindustan Copper and Nalco’s joint bid to acquire a copper mine in Namibia has fallen flat after the mine owner decided to withdraw the offer halfway through the due diligence process.

HDFC Bank raised its benchmark prime lending rate (BPLR) by 50bps to 16.25%.

Tata Steel has raised the prices of flat products by about Rs1,000 a ton.

Markets may begin flat


Headlines for the day:

Renuka sugars, HPCL plan ethanol unit in Maharashtra

R-Power and RNRL merger gets nod

OilMin refers Cairn India sale to SEBI

Weekly Newsletters - Sep 7 2010


Weekly Newsletters - Sep 7 2010

Everest Kanto


Everest Kanto

Phillips Carbon


Phillips Carbon

India Macro - Sep 6 2010


India Macro - Sep 6 2010

Infosys Technologies


Infosys Technologies

Aurobindo Pharma - Sep 7 2010


Aurobindo Pharma - Sep 7 2010

India Autos, India Oil and Gas - Sep 7 2010


India Autos, India Oil and Gas - Sep 7 2010

SGX Nifty Live Update - Sep 7 2010


5,583.00 +7.00