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Wednesday, December 29, 2010

BSE Bulk Deals to Watch - Dec 29 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
29/12/2010 590006 Amrutanjan Health SMART EQUITY BROKERS PRIVATE LIMITED B 36953 757.45
29/12/2010 590006 Amrutanjan Health CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 53015 752.47

NSE Bulk Deals to Watch - Dec 29 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks

Asian markets add decent gains

Steady gains emerge despite retreat in the US economic data

Asian markets ended mostly higher amid choppy trades with the select benchmark indices adding decent gains amid an overall thin activity. Weak US economic data failed to trigger a sell off and traders were mostly engaged in buying the index-linked counters ahead of the year-end. Nothing much was there on the economic front in Asia and the latest spate of sell off following the China rate hike over the weekends seemed to have wore off. In the overnight trades, the US markets ended slightly higher even as the weak economic data hurt the sentiments.

Markets end strong ahead of derivatives expiry

The Indian markets had a good session today ahead of December series expiry and closed at one & half month high on the back of all-round buying

Major headlines

Aban Offshore surges on Kotak upgrade

ABG Infralogistics rises on announcing buyback schedule

Nitin Fire Protection Industries soars as US company buys stake in arm

Nifty attains 1-1/2-month closing high above 6,000

The key benchmark indices surged one day ahead of the expiry of the near-month derivatives contracts, helped by firm global stocks. The barometer index BSE Sensex and the 50-unit S&P Nifty, both, attained 1-1/2-month closing highs. Banking, consumer durables, FMCG and metal shares led the rally. Hindalco Industries hit a record high. The Nifty regained the psychological 6,000 mark. The market breadth was strong. All the thirteen sectoral indices on BSE were in green. The Sensex jumped 230.61 points or 1.15%, up close to 201 points from the day's low and off close to 18 points from the day's high.

Morning Insight - Dec 29 2010

Morning Insight - Dec 29 2010

Dull December...zzzzzzzzz

Truth makes many appeals, not the least of which is its power to shock. - Jules Renard.

Just when one was hoping that the "scam-tainted" 2010 would probably end on a happy note, comes another shocker. Citigroup has been hit by a fraud in its Gurgaon branch. It might not have a wider impact on the market sentiment but surely adds to the worries linked to the lack of governance – in both government and corporates.

Grey Market Premiums - Dec 29 2010

Company Name

Offer Price




Punjab & Sind Bank

120 (Upper)

29 to 30

Shekhawati Poly Yarn

30 (Fixed Price)

8 to 9

C. Mahendra Export

95 to 110


Daily Notes - Dec 29 2010

Daily Notes - Dec 29 2010

Daily Research - Dec 29 2010

Daily Research - Dec 29 2010

Daily News Roundup - Dec 29 2010

SBI Deputy Managing Director Pratip Chaudhuri is likely to replace incumbent Chairman O P Bhatt when he retires in March 2011 after completing his five-year term. (BS)

SBI raised Rs5bn at 9.05% through three-month certificates of deposits. (BS)

HPCL may look at merging Prize Petroleum Company Ltd with its internal exploration and production arm HP E&P. (BS)

Lakshmi N Mittal and HPCL plan to sell a 10% stake each in the under-construction Bathinda refinery in a public offering in Q4 of 2011 to raise Rs10-15bn. (BS)

NTPC will takeover 3,000-odd acres of vacant land from Patratu Thermal Power Station (PTPS) in Jharkhand to set up 1320 mw of thermal power generation capacity at an investment of RS66bn. (ET)

BHEL has secured two breakthrough orders from Indian Railways for the development, manufacture and supply of 3-Phase IGBT-based propulsion systems for Electric Locomotives and AC Electric Multiple Units (EMUs). (ET)

Punj Lloyd secured order from Hirco Group for two commercial buildings to be completed in 24 months

Gitanjali Gems has planned a "restructured jewellery brand holding company" where it will divest 10% of equity to private equity investors, to raise US$100mn. (BS)

Gitanjali Gems has acquired 90% stake in Glantti Italia, a company based in Milan. (BS)

The Securities Appellate Tribunal (SAT) today set aside Sebi’s order on Bhushan Group companies on violation of takeover regulations in their acquisition of Orissa Sponge Iron and Steel Ltd. (BS)

Reliance Infrastructure has bagged the consultancy contract for supervisory control and data acquisition (SCADA) relating to power distribution for Patna. (BL)

IRDA gave its second stage approval to joint ventures of Religare and Union Bank for their health insurance venture and Edelweiss-Tokio for life insurance business. (ET)

Investments for expanding Taro’s research and capacity in India will be Sun Pharma’s top agenda for the upcoming year. (ET)

Mahindra & Mahindra Ltd will raise the prices of its products across all categories in January due to increase in commodity rates. (ET)

Eyeing properties overseas to meet the growing domestic demand for manganese ore, which is pegged to touch 4.5mn tons by 2012, the state-owned MOIL has invited bids from global firms to form JVs for such acquisitions. (ET)

Cipla Ltd has received fresh notices from the National Pharmaceutical Pricing Authority, demanding Rs477mn in respect of the drug Salbutamol and an amount of Rs254.6mn in respect of the drug Ciprofloxacin. (ET)

Glenmark Pharmaceuticals has received approval from the US health regulator to market and distribute generic Lithium Carbonate tablets, used for the treatment of manic depression, in the US market. (ET)

Tech Mahindra has partnered with software giant Microsoft to offer customized CRM solutions for telecom service providers. (FE)

MindTree intends to convert the wireless products business of its wholly-owned subsidiary MindTree Wireless Pvt Ltd into a design services business. (BS)

Tata Coffee Ltd has declared an interim dividend of Rs5 per share on the face value of Rs10 each for the current financial year. (FE)

Nitin Fire Protection Industries said US-based Worthington Industries, a manufacturer of pressure cylinders, has picked up 60% stake for US$21 million in its subsidiary, Nitin Cylinders (NCL) and NCL will now be a JV between Worthington and Nitin Fire. (ET)
Economy Snippets

Two months after the country’s drug price regulator reduced the maximum retail price of popular antibiotic Ciplox TZ by about 75% to Rs25 for a strip, consumers are still charged over four times by chemists. (ET)

The government has allocated five million tons of additional wheat and rice to states for sale to the poor at subsidized rates amid signs of food prices hardening again. (ET)

Railways has raised freight rate for iron ore, coal, sugar and a few other commodities by up to 4%, a move that threatens to arrest the downward trend in headline inflation. (FE)

PNGRB, the downstream regulator in the energy sector, has proposed to give gas pipeline operators freedom to compete in overlapping areas so that consumers benefit by way of lower tariff and softer gas prices. (FE)

Overseas subsidiaries of Indian NBFCs might have to drastically cut back pledging assets of their parent firms when they want to access low-cost funds from foreign markets. (FE)

Sensex ends flat amid dull day

After surviving China scare yesterday, the Indian markets ended almost unchanged on Tuesday amid a choppy trading session. The benchmark indices struggled for any specific direction through out the day and were stuck in a narrow trading band.

Flat opening on the cards

The domestic bourses are likely to open flat on the back of subdued global cues. However, the trade may remain in narrow range

Headlines for the day:

Mahindra to expand pick-up range, hike prices

Tax department directs Satyam to audit accounts

NTPC, PowerGrid on signing spree for new projects

Market may open flat to slightly higher

The key benchmark indices may open flat to slightly higher tracking marginally higher Asian stocks. The turnover may remain low as foreign fund activity remains sluggish in holiday thinned week. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a flat opening.

SGX Nifty Live Update - Dec 29 2010

6,013.00 -3.00