Wednesday, February 09, 2011
Huge decline in ADAG stocks and tremendous selling pressure led the markets to fall drastically, with the Sensex closing 183 points down
M&M surges on robust Q3 results
BPCL Q3 net profit slips 50% yoy
REC Q3 net profit jumps 40% yoy
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
9/2/2011 530513 Accurate Trans HARISH CHERUKURI S 16390 60.00
9/2/2011 505029 Atlas Cycle CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 17986 225.86
9/2/2011 505029 Atlas Cycle CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 17986 227.02
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
09-FEB-2011,ABGSHIP,ABG Shipyard Limited,JAROLI VINCOM PVT LTD,BUY,275000,334.71,-
09-FEB-2011,ATLASCYCLE,Atlas Cycles (Haryana) Lt,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,17985,226.79,-
Six Anil Dhirubhai Ambani group stocks fell 10% to 23.38% on reports the group's chairman Anil Ambani met Telecom Minister Kapil Sibal in the backdrop of ongoing 2G probe.
At 14:57 IST, Reliance Infrastructure (down 23.38%), Reliance MediaWorks (down 18.53%), Reliance Communications (down 16.31%), Reliance Capital (down 16.14%), Reliance Power (down 11.63%) and Reliance Broadcast Network (down 10%), slumped.
Nifty February 2011 futures were at 5,282.05, at a premium of 28.50 points over spot closing of 5,253.55. Turnover in NSE's futures & options (F&O) segment surged to Rs 145899.99 crore from Rs 111917.74 crore on Tuesday, 8 February 2011.
The key benchmark indices fell for the second straight day, tumbling to 7-month lows in choppy trade after the Central Bureau of Investigation (CBI) widened its probe in 2G scam with the arrest of Shahid Balwa, managing director of DB Realty and vice chairman of Etisalat DB. Shares of Anil Dhirubhai Ambani group (ADAG) stocks took a heavy drubbing. ADAG said after trading hours that a series of baseless and motivated rumors were spread by rivals, which was accompanied by vicious and illegal bear hammering of the group shares. It said it had asked the Securities and Exchange Board of India and the stock exchanges to investigate.
Without the strength to endure the crisis, one will not see the opportunity within.- Chin-Ning Chu
The fear of some unknowns seems to haunt investor confidence as any indices seem to be in a hurry everyday to end in the red. The global cues have been encouraging but that effect doesn’t seem to rub off on the Indian bourses.