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Thursday, October 07, 2010

Sensex slumps on late sell-off

Major headlines

Food inflation eases to 16.24%

International Monetary Fund ups growth outlook to 9.7%

Tata Communications rings loud on expansion; the stock closes 2.69% higher

NSE Bulk Deals to Watch - Oct 7 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
07-OCT-2010,ASIANELEC,Asian Electronics Ltd,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,163491,27.98,-
07-OCT-2010,CPIL,Career Pt Infosystem Ltd,AKSHI FINANCE PRIVATE LIMITED,BUY,154247,637.92,-

BSE Bulk Deals to Watch - Oct 7 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
7/10/2010 513513 Aditya Ispat MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED S 34154 14.01
7/10/2010 504629 Anil Special NAMRATA KUNJAN DELIWALA B 90000 18.34

Asian stocks end mostly lower

Markets ease after recent spree of gains as investors adopt wait and watch approach ahead of key economic reports

BSE Mid-Cap, Small-Cap indices reverse initial gains

Profit taking after recent strong gains pulled the key benchmark indices more than 1% lower in what was a choppy trading session. IT, metal, realty and banking stocks led the decline. The market breadth turned weak, in total contrast with a strong breadth earlier in the day. Index heavyweight Reliance Industries reversed initial gains. The BSE 30-share Sensex fell 227.76 points or 1.11%, off close to 270 points from the day's high and up close to 40 points from the day's low.

Momentum Picks - Oct 7 2010

Momentum Picks - Oct 7 2010

Market Outlook - Oct 7 2010

Market Outlook - Oct 7 2010

Grey Market Premiums, Discounts - Oct 7 2010

Company Name

Offer Price




Ramky Infrastructure Ltd.


8 to 10

Orient Green Power

47 (Lower Band)


Electro Steel

11 (Upper Band)

1.10 to 1.20

Gallantt Ispat

50 (Fixed Price)

+ / - 4 to 6

VA Tech Wabag

1310 (Upper Band)

240 to 250

Cantabil Retail

135 (Upper Band)

3 to 5

Tecpro Systems

355 (Upper Band)

48 to 50

Ashoka Buildcon

324 (Upper Band)

12 to 15

Sea TV Network

100 (Upper)

15 to 17

Bedmutha Ind.

102 (Upper)

13 to 14

Commercial Engg.

125 to 127

-3 to -5 (Discount)

Oberoi Realty

253 to 260

13 to 14

B.S. Trans

257 to 266

6 to 8

Coal India

225 to 250 (Approx)

14 to 15

Opening Bell - Oct 7 2010

Opening Bell - Oct 7 2010

Market may open flat; food inflation data eyed

The market may open flat amid lack of a clear direction from Asian equities, which were mixed. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could see a flat opening.

SGX Nifty Live Update - Oct 7 2010

6,209.00 -2.00

Flat start on the cards

Headlines for the day:

RIL's K-G gas play may get bigger with D4 block

Banks' commission from govt business set to rise

Cairn to seek nod today for Vedanta deal

India Telecom - Oct 7 2010

India Telecom - Oct 7 2010

Daily News Roundup - Oct 7 2010

According to Canada based Niko resources which hold 15% stake in K-G Basin D4 block "the prospective gas reserve in Reliance Industries K-G basin D4 block could be significantly higher then previously estimated (BS)

GAIL places Rs6.8bn orders for pipelines for laying a gas pipeline from Dabhol in Maharashtra to Bangalore. (BS)

Sensex resumes upswing…Realty, Metals lead

Bulls were back in action after taking a breather in the previous session. The Indian markets ended with smart gains, tracking strong global cues with the Realty and Metal stocks leading from the front. For the second day running the broader markets outperformed the benchmark indices.

Coming to terms…

The dollar is being pummeled due to a sluggish US economy and expectations of fresh Quantitative Easing by the Fed. Commodities are on fire. Gold is at record high. Copper is at a two-year high. Crude oil is hovering around $83 per barrel. Silver and Tin too are shining.

One's first step in wisdom is to question everything - and one's last is to come to terms with everything. – Lichtenberg.

Career Point sizzles... Eros flattens on debut

The shares of Career Point Infosystems Limited., closed 112% up on listing. The shares of Career Point closed higher at Rs 658.80, it touched an intra day high of Rs 664 and an intra day low of Rs 436.10, on the NSE.