Thursday, November 04, 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
4/11/2010 590116 7SEAS TECH JMP SECURITIES PVT LTD B 32500 70.10
4/11/2010 590116 7SEAS TECH JMP SECURITIES PVT LTD S 32510 70.32
4/11/2010 590116 7SEAS TECH MEENU JAINBHANSHALI S 71612 70.38
4/11/2010 531897 Accentia Tech HERBERT JAY CANE S 100000 286.86
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
04-NOV-2010,ARCHIES,Archies Limited,RAHUL DOSHI,BUY,302254,46.46,-
04-NOV-2010,DWARKESH,Dwarikesh Sugar Industrie,RELIANCE MUTUAL FUND,BUY,198700,101.51,-
The domestic markets sign off the Samvat 2067 on a sensational note, touching an all-time high owing to buoyant world markets and stellar listing of Coal India
Coal India enters stock markets with a big-bang; the stock ends 39.73% higher
Food inflation eases to 12.85%
Engineers India Q2 profit up 14% yoy; the stock closes 0.01% lower
Regional benchmarks take heart from the Federal Reserve's plan to buy $600 billion in government bonds
Asian markets edged higher today, rallying in tune with the optimism spurred in the risky assets from the US Federal Reserve's plan to buy $600 billion in government bonds in an effort to inject life into the faltering U.S. economy. US dollar depreciated and the commodity prices rallied on ideas that continued flow of liquidity on the global front would help keep momentum well supported for the risky assets. US stocks rose yesterday after the Fed said it would buy $75 billion in Treasury bonds per month through the middle of next year. The Dow Jones industrial average rose 26.41 points, or 0.2 percent, to 11,215.13, the highest close in two years following the Fed statement.
Some key September 2010 results and economic data are in focus next week. The market will also eye announcements during US President Barack Obama's three-day India visit from Saturday, 6 November 2010 to Monday, 8 November 2010.
Dalal Street witnessed a festive boost last week. The market surged on US Federal Reserve's decision to buy $600 billion in government bonds to stimulate the US economy, robust corporate earnings and on sustained buying by foreign funds.
It becomes the fourth largest firm in terms of market capitalization
A large pent up demand in its initial public offer (IPO) sent shares of Coal India (CIL) surging on its debut on the secondary equity market today, 4 November 2010. The stock settled at Rs 342.35 on BSE, a 39.73% premium over the IPO price of Rs 245. The stock settled close to the day's high of Rs 344.75. Retail investors have more to cheer as they got shares in the Coal India IPO at 5% discount to the IPO price.
It was a double dhamaka for stock market investors on Diwali eve. The barometer index BSE Sensex struck a record closing high and shares of state-run Coal India jumped on debut as stocks rose across the globe after the US Federal Reserve's decision to buy $600 billion in government bonds to stimulate the US economy. Good Q2 September 2010 results, sustained buying by foreign funds, and data showing easing food inflation in late October 2010, underpinned sentiment. Index heavyweight Reliance Industries (RIL) surged.
GAIL and Petronet LNG are looking to pick up stake in LNG projects in Nigeria to secure supplies for the country’s rising energy needs. (BS)
GAIL plans to invest Rs80bn during 2011-12, a 30% increase over the current year’s spending of Rs62bn. (BS)
IDBI Bank has raised it deposit rates by 10-50bps across maturities. (BS)
The Indian markets managed to garner smart gains on Wednesday on the auspicious occasion of ‘Dhanteras’, which is synonymous with wealth and prosperity. The benchmark India stock indices opened with a positive bias following the overnight gains on Wall Street and European markets. Firm trend across other Asian markets at start also helped support the positive sentiment.
Money is like a sixth sense and you can't make use of the other five without it - William Somerset Maugham.
Overall, the trend for the day appears bright. Investors are likely to get wealthier and prosperous on the eve of Diwali. We expect 6130 to be the near-term support while resistance is seen around 6230.
The Indian indices are set to open the session on a higher note mirroring the buoyed Asian markets. The listing of Coal India shares will remain in focus
Headlines for the day:
CESC seeks Rs1,000 crore PE infusion
GAIL, Petronet eye stake in Nigerian LNG projects
Bharti's JV firm opens processed food R&D, manufacturing unit
The market may extend Wednesday (3 November 2010)'s gains on firm Asian stocks following the Fed's move to buy $600 billion in bonds to stimulate the economy. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 40 points at the opening bell.