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Wednesday, January 05, 2011

Daily Morning Report - Jan 6 2011

Daily Morning Report - Jan 6 2011

Daily Market Review - Jan 5 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.

BSE Bulk Deals to Watch - Jan 5 2011

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

NSE Bulk Deals to Watch - Jan 5 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
05-JAN-2011,JINDALPHOT,Jindal Photo Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,59381,249.57,-

Daily Grey Market Premiums - Jan 5 2011

Company Name

Offer Price




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

Top Picks for 2011

Top Picks for 2011

Sluggish start on cards

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

Fatigue setting in?

"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.

Daily News Roundup - Jan 5 2011

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)

Sensex slips under 20,500...Nifty below 6150

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.

Daily Research - Jan 5 2011

Daily Research - Jan 5 2011

Big drop for precious metals

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.

Morning Notes - Jan 5 2011

Morning Notes - Jan 5 2011

Crude plunges

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.

Factory orders report try to boost US stocks

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 on weak Asian stocks; L&T in focus

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.

SGX Nifty Live Update - Jan 5 2011

6,144.50 -14.50