Tuesday, January 25, 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
25/1/2011 530901 ACIL SONAL INTERNATIONAL LTD B 720099 4.01
25/1/2011 531720 Alpha Graphic KALPESH KIRTIKUMAR SHAH B 87986 9.05
25/1/2011 531720 Alpha Graphic SONAL INTERNATIONAL LTD S 88700 9.04
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
25-JAN-2011,ATLASCYCLE,Atlas Cycles (Haryana) Lt,A K G SECURITIES AND CONSULTANCY LTD.,BUY,26345,244.32,-
25-JAN-2011,ATLASCYCLE,Atlas Cycles (Haryana) Lt,B M TRADERS,BUY,21697,240.02,-
25-JAN-2011,ATLASCYCLE,Atlas Cycles (Haryana) Lt,BLUE PEACOCK SECURITIES PVT LT,BUY,22000,242.58,-
The Sensex fell at the close, slipping below 19000 levels, weighed by rate sensitive sectors like banks and realty, which were under pressure after RBI’s move
RBI hikes repo, reverse repo rates by 25 basis points
Poor Q3 results drag Hindustan Unilever
Sterlite Industries Q3 consolidated net profit up 60% yoy
Markets lack a single unifying theme
Asian markets ended mixed today though the markets lacked a single unifying theme and instead looked to price in country specific dynamics. The overnight US cues were very upbeat and buying support emerged for the select Asian markets while inflationary pressures pulled down equities in China and India. US stocks added sizable gains to open the week on Monday, with dollar weakness earnings from McDonald's and Halliburton. The Dow gained 108.68 points or 0.9% to close at 11,980.52. US business's hiring intentions at their highest level since 1998, according to a new survey by the National Association for Business Economists. The survey also predicted higher capital spending and investment for the next six months. The NABE study covered the responses of 84 members of its association on business conditions in their firm or industry. With the latest gains, the Dow has come within close reach of 12,000 for the first time since mid-2008.
This pushed up the Japanese stocks right from the start and sentiments were buoyed further after the Japan's central bank decided to keep its benchmark lending rate unchanged at 0.0-0.1% as it continues its battle against deflation. The size of the asset purchase fund and the cheap credit program was also kept unchanged at 5 trillion yen and 30 trillion yen respectively. The Bank of Japan also cut its growth forecast for the year starting April 2011 to 1.6 percent from 1.8 percent. Meanwhile, the growth outlook for the current fiscal year was upgraded to 3.3 percent from 2.1 percent, citing revision of past GDP statistics. The benchmark Nikkei 225 Index gained 119.31 points, or 1.15%, to 10,464 by the close.
The key benchmark indices dropped nearly 1% as investors fretted over the possibility of more interest rate hikes by the Reserve Bank of India (RBI) to tame inflation. The central bank raised its lending as well as borrowing rates by a quarter-point to cool inflationary pressures at a quarterly policy review today, 25 January 2011. Interest rate sensitive banking, auto and realty stocks declined. The BSE 30-share Sensex was down 181.83 points or 0.95%, off close to 380 points from the day's high and up close to 5 points from the day's low. Current growth and inflation trends warrant persistence with the anti-inflationary monetary stance, the RBI said.
Prices drop on expectations that OPEC might increase output
Crude prices ended substantially lower on Monday, 24 January 2011 at Nymex. Prices fell as traders mulled over the fact that OPEC might decide to raise output in its next scheduled meeting. Rise in US equities and optimistic earning data put a check on this fall in price.
On Monday, crude oil futures for light sweet crude for March delivery closed lower by $1.24 (1.4%) at $87.87/barrel. Last week, crude lost 2.7%. On a year to date basis, crude is lower by 4.6%.
The market may extend Monday's (24 January 2011) gains on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 28.50 points at the opening bell. With inflation remaining above Reserve Bank of India (RBI)'s comfort level, market men expect further increase in policy rates from the central bank in 2011. As per a poll by Capital Market, economists widely expect 25 basis points increase each in repo rate and reverse repo rate at a quarterly policy review today, 25 January 2011.
It expected to be a positive start on the Dalal Street on account of strong global indices.
Headlines for the day:
RBI signals series of rate hikes to tackle inflation
L&T restructures with ideas from peers
Mahindra buys stake in East India Company
Inflation really is always and everywhere a monetary phenomenon. - Milton Friedman.
That the RBI will resume monetary tightening after December’s pause is a no-brainer. Markets too have somewhat discounted a rate hike. But, there might still be an element of surprise that could hit the sentiment temporarily. Some are calling for an aggressive 50 bps hike to tame inflation. Whether D. Subbarao obliges or not we will know in a few hours.
Sun Pharmaceutical is planning its biggest acquisition in the US to boost sales in the world’s largest pharmaceutical market. (BS)
L&T to decentralise operations by forming nine business divisions ('verticals') or 'virtual' independent companies (ICs). (BS)
The Mahindra Group has bought a minority stake in the London-based The East India Company for an undisclosed amount. (BS)
Markets gained for a third straight trading session, extending previous week's slender gains in what will be an eventful but truncated week. Today’s rally was led by Banking stocks as major lenders like SBI and ICICI Bank announced better than expected quarterly numbers.
Consumer Durables, PSU and Capital Goods stocks were among the other major gainers. The broader indices also saw decent buying, as both the BSE Mid-Cap and the BSE Small-Cap indices ended with smart gains.
Gold stays steady but silver slips
Precious metals ended mixed on Monday, 24 January 2011 at Comex. Lower dollar helped the yellow metal rise but silver slipped.
On Monday, gold for February delivery rose by $3.5 (0.5%) ending at $1,344.5 an ounce on the New York Mercantile Exchange. During intra day trading, prices rose to a high of $1,352.4. Last week, gold ended lower by 1.4%. Gold prices have dropped 5.2% this year till date.