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Tuesday, January 04, 2011

BSE Bulk Deals to Watch - Jan 4 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
4/1/2011 532840 Advanta India DOHA INVESTMENT COMPANY B 250090 390.00
4/1/2011 532840 Advanta India MORGAN STANLEY MAURITIUS COMPANY LIMITED S 250090 390.00

NSE Bulk Deals to Watch - Jan 4 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
04-JAN-2011,JUPITER,Jupiter Bioscience Ltd,KRIKA SPICE INTERNATIONAL PVT LTD,BUY,540876,54.86,-

Stocks consolidate gains in Asia

Improving global outlook keeps sentiments supported though some sell off emerges in select indices

The Asian markets ended in a positive manner today with the sentiments continuing to stay upbeat amid strong economic data from US and strong manufacturing data around the world. Activity in the U.S. manufacturing sector expanded for the seventeenth consecutive month in December, according to a report released by the Institute for Supply Management on Monday, with the pace of growth accelerating compared to the previous month. The ISM said its index of activity in the manufacturing sector rose to 57.0 in December from 56.6 in November, with a reading above 50 indicating growth in the sector.

Market takes a breather after four days gains

The key benchmark indices edged lower in volatile trade, snapping last four days gains as profit taking emerged after indices struck a seven-week closing highs on Monday, 3 January 2011. Index heavyweight Infosys Technologies hit record high while another index heavyweight Reliance Industries jumped more than 2%. PSU OMCs fell while oil exploration firms rose on firm crude oil prices. IT, FMCG and healthcare stocks rose. Interest rate sensitive banking and realty stocks skidded. The BSE 30-share Sensex was down 62.33 points or 0.3%, up close to 150 points from the day's low and off close to 35 points from day's high. The market breadth was negative.

Market may gain for the fifth straight day on stronger global manufacturing dataMarket may gain for the fifth straight day

The key benchmark indices may gain for the fifth straight day tracking firm Asian stocks buoyed by the stronger global manufacturing data. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a gain of 24 points at the opening bell.

Capacity to hold on

People are wise in proportion, not to their experience, but to their capacity for experience. - James Boswell.

The New Year experience of global equities sets the tone for another positive start for the Indian stocks. However, the sudden turnaround intra-day in the key indices on Monday is a cause for worry. In the near term, the sentiment will be largely driven by global cues before Q3 results start kicking in.

Daily News Roundup - Jan 4 2011

NTPC is likely to float Rs170bn tender for sourcing super-critical equipment for its upcoming projects. (ET)

Tata Power has terminated agreement to raise US$300mn through selling 14-15% stake in its two coal SPVs to the private equity firm Olympus Capital Holdings Asia. (ET)

Sensex ends near day's low...Nifty holds 6150

Indian equity markets kicked off the first trading session of the year on a bright note, with the NSE Nifty ending above the 6150 levels. However, the key indices couldn't quite manage to pull-off a perfect start to the New Year, as profit booking set in after last week's rally.

Healthy start likely owing to firm global cues

The markets are likely to extend its gaining momentum and start the session on a strong note following the supportive global peers.

Headlines for the day:

Patni seeks more details from iGate

HDFC Bank raises deposit rates by up to 1.25%

ONGC, GAIL sign pact for marketing gas

Macro View Report 2011

Macro View Report 2011

Kalyani Steels

We recommend a buy in the stock of Kalyani Steels from a short-term perspective. It is evident from the charts of the stock that it had been on an intermediate-term downtrend from its August 2010 peak of Rs 156 until it found support around Rs 90 in early December. Taking support from its long-term base around Rs 90, the stock changed direction. It has been on a short-term uptrend since then. On January 3, the stock jumped 7.6 per cent accompanied with heavy volume, conclusively breaking through its immediate resistance as well as downtrend line around Rs 110. This has reinforced the bullish momentum and the stock is hovering well above its 21 and 50-day moving averages. The 14-day relative strength index has entered into bullish zone from the neutral region and weekly RSI is rising in the neutral region. Daily moving average convergence divergence oscillator is on the verge of entering into the positive territory implying upward momentum. Considering the stock's recent break through, we are bullish on it from a short-term perspective. We expect it's ongoing rally to continue until it reaches our price target of Rs 119 or Rs 122.5 in the trading sessions ahead. Traders with short-term perspective can consider buying the stock with stop-loss at Rs 111.5.

Market Strategy 2011

Market Strategy 2011

Daily Market Outlook - Jan 4 2011

Daily Market Outlook - Jan 4 2011

Precious metals rings New Year in a shining way

Precious metals ended higher on the first day of the New Year on Monday, 03 January 2011 at Comex. Gold prices recovered from earlier weakness and ended mildly higher while silver ended modestly higher. The dollar shed off its initial strength and pared its initial gains partly. Prices rose as the economic reports checked in mixed in nature.

Crude registers mild gains

Crude rises riding on the back of steady economic reports

Crude prices ended modestly higher on Monday, 03 January, 2011 at Nymex. Prices were back above the $90 level since last week, the same level oil had last witnessed more than two years back. Prices rose riding on the back of steady economic reports.

SGX Nifty Live Update - Jan 4 2011

6,207.50 +26.50