Daily Morning Report - Jan 6 2011
Wednesday, January 05, 2011
Markets consolidated for yet another day as benchmark indices closed with modest losses after a choppy trade. Sensex lost 62 points to close at 20499 while Nifty finished at 6146, down 11 points. BSE mid-cap and small-cap indices lost 0.3% and 0.04% respectively. High beta sectors viz. Banking and Realty were under pressure while defensive FMCG stocks had a good run. Suzlon gained nearly 3% on the back of rumors that Spain’s Gamesa is picking up a majority stake in the company. FTSE, which opened today for the first trading session of 2011, was trading with gains of more than 2% while other European markets were up by about half a percent. US stock indices futures were higher by about a third of a percent ahead of data on factory orders and release of minutes of latest FOMC meeting.
BSE Bankex and Realty were the top losers among the sectoral indices, shedding 2.5% and 1.1% respectively while FMCG and Oil & Gas indices gained the most, up 1.7% and 1.3% respectively. Suzlon and HCL Tech were the top gainers among the Nifty stocks, putting on 2.9% and 2.1% respectively while ICICI Bank and SBI plunged 3.3% and 3.2% respectively, becoming the top losers. BSE advance-decline ratio stood at 0.96:1.
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
5/1/2011 532114 Alchemist Rlty VARINDER PAL SINGH B 760000 13.04
5/1/2011 532114 Alchemist Rlty SINGH SINGH ARCHANA S 760000 13.04
5/1/2011 531591 Bampsl Sec KAUSHALAYA GARG B 493453 2.63
5/1/2011 531591 Bampsl Sec PRAKASH CHAND GUPTA B 614007 2.63
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
05-JAN-2011,BAJFINANCE,Bajaj Finance Limited,RELIANCE CAPITAL TRUSTEE CO.LTD -A/C RELIANCE REGULAR SAVING,BUY,195500,697.50,-
05-JAN-2011,JINDALPHOT,Jindal Photo Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,59381,249.57,-
Shekhawati Poly Yarn
30 (Fixed Price)
1 to 1.50
C. Mahendra Export
95 to 110
4 to 5
Mid Valley Enter
64 to 70
4 to 5
The markets are expected to resume the trade on a lower note taking cues from the negative Asian markets.
Headlines for the day:
NMDC, MMTC lock horns over iron ore supply to Japanese firms
Private telcos may join PSUs in broadband rollout
Honda puts bike market on notice with stiff targets
"When we are tired, we are attacked by thoughts we conquered long ago." - Friedrich Nietzsche.
A little bit of fatigue seems to be creeping into the Indian markets, at least for the time being, even as their overseas counterparts are enjoying an extended rally. September was spectacular for India. October and November were not so kind. In December, we somehow managed to claw our way back. But, early in January the markets seem to be lacking the spark again.
Strong differences have emerged between NMDC and MMTC over long-term supply pact of iron ore to Japanese mills, with the former opposing the idea fearing lower realizations and the latter pitching for it. (BS)
ONGC and GAIL reached an understanding for mutual business growth covering natural gas and petro-chemicals. (BL)
Market starting in the green for the second straight day, the Indian markets were unable to carry on the momentum through the day, with the NSE Nifty and the BSE Sensex ending with marginal losses.
Prices witness big slide as dollar heads up and economic recovery continues
Precious metals ended considerably lower on Tuesday, 04 January 2011 at Comex. Prices fell as the dollar pared initial weakness and headed up and economic data showed that recovery is on track thereby decreasing the appeal of bullions as a an alternative investment.
Crude slips drastically as dollar rises
Crude prices ended drastically lower on Tuesday, 04 January 2011 at Nymex. Prices dropped as the dollar headed up. Crude prices slipped in tandem with other commodities on Tuesday.
Indian ADRs ICICI Bank and Tata Motors slip considerably
US stocks changed in a mixed mode but almost near unchanged mark on Tuesday, 04 January 2011. Stocks started the day with mild gains. But stocks soon slipped in the red within an hour of trading. Better than expected factory orders data helped to pull the indices out from the red zone, but the same failed to climb to green. Ultimately, Dow managed to overcome the weakness and end the day with gains. Commodities witnesses a sharp drop in prices today as the dollar headed up.
Market may open lower extending Tuesday (4 January 2011)'s decline, tracking weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a fall of 11.50 points at the opening bell.