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Monday, November 08, 2010

Federal Bank, Aban Offshore, Engineers India, Aurobindo Pharma, Ramky Infrastructure, State Bank of India

Federal Bank, Aban Offshore, Engineers India, Aurobindo Pharma, Ramky Infrastructure, State Bank of India

BGR Energy Systems Ltd

BGR Energy Systems Ltd

Harrisons Malayalam

Harrisons Malayalam

BSE Bulk Deals to Watch - Nov 8 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
8/11/2010 523120 Ador Multi SAMIR JITENDRA SHETH B 13011 39.04
8/11/2010 532975 Aishwarya Tele VENKATESWARA CAPITAL MANAGEMENT LIMITED B 140850 38.62

Profit booking drag markets from record highs

After making record highs in the previous sessions, the domestic markets fall as profit booking emerged in information technology, PSU and telecom stocks

Major headlines

HCL Technologies, Novotech ink pact; the stock ends 1.76% lower

Jain Irrigation Q2 bottom line rises 45.65% yoy; the stock closes 2.94% up

Aban Offshore Q2 consolidated net profit rises marginally; the stock closes 0.91% higher

Asian equities mostly gain on Monday

Non-farm offers help though late rally in dollar exerts some selling pressure

Asian markets mostly went up today as the markets eyed the positive cues from the US non-farm payrolls data and continued risk appetite. U.S. non-farm payrolls figures released on Friday showed a solid rise of 151,000 for October, the first gain since May and more than double economists' expectations. US stocks were mixed as the upbeat October jobs failed to lift the markets following Thursday's rally. The markets witnessed some upside in late-session dealing but the Dow could gain just 9.24 points or 0.1 percent to close at 11,444.08. However, the upward skid was uneven and the late rally in the US dollar pulled a couple of important markets in red by the close.

Market drifts lower on profit taking; Sensex settles below 21000 mark

The key benchmark indices started the week, Monday 8 November 2010 on a subdued note as investors locked in profits after market scaled record closing highs on special one hour trading session to mark the beginning of Samvat year 2067 Friday, 5 November 2010. Weak European stocks and lower US index futures also dampened sentiment. Index heavyweight Reliance Industries edged higher in volatile trade. IT, banking and consumer durables stocks fell. Metal stocks reversed initial gains. But, sugar and cement stocks surged.

NSE Bulk Deals to Watch - Nov 8 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
08-NOV-2010,ARROWTEX,Arrow Textiles Limited,BP FINTRADE PRIVATE LIMITED,BUY,76626,16.40,-
08-NOV-2010,ARROWTEX,Arrow Textiles Limited,PASHUPATI CAPITAL SERVICES PVT. LTD.,BUY,75000,16.17,-

Market may continue to march forward; SBI Q2 result eyed

The key benchmark indices may continue to march forward if trading of S&P CNX Nifty futures on the Singapore stock exchange is of any indication. It indicate that the Nifty could gain 31.50 points at the opening bell.

India's largest commercial lender by branch network State Bank of India will declare June-September 2010 quarter results today, 8 November 2010.

Equities head towards a positive star

The Indian markets are expected to open the session on a higher note on the back of positive cues from the Asian markets.

Headlines for the day:

Reliance Power secures $5-bn line of credit from US Ex-Im Bank

NTPC to add 13000MW of power capacity by 2012

RIL firm may lose Kakinada-Haldia gas line project

Daily News Roundup - Nov 8 2010

Reliance Industries may lose authorisation for the proposed 1,100-km pipeline from Kakinada in Andhra to Haldia in West Bengal. (BS)

The government fixed price band at Rs 85-90 per share for about Rs76bn follow-on public offer of Power Grid. (BS)

Larsen & Toubro is bidding for an Oman refinery expansion contract estimated at US$300mn. (BS)

Sensex scales 21,000...Nifty above 6300

Samvat 2066 was a memorable one for the Indian market if not spectacular. And the feel-good sentiment prevailed on Friday too, as the bulls extended their shopping spree and lifted the BSE Sensex above 21,000.

New highs…Yes We Can!

The latest monetary easing by the Federal Reserve, coupled with a slew of public issues will lift the overseas inflows further. Coal India’s blockbuster listing and Obama’s visit have added to the feel-good factor.

You need to overcome the tug of people against you as you reach for high goals.-Gen George S. Patton.

Markets may open positive

Indian equities are likely to open positive on Monday, Nov. 8, 2010. SGX Nifty is trading at 6,333 (7.32 am), 24 points higher than Friday closing of 6,309.

SGX Nifty Live Update - Nov 8 2010

6,335.50 +26.50