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Friday, July 15, 2011

BSE Bulk Deals to Watch - July 15 2011


Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
15/7/2011 524760 Arvind Intl-$ HARSHA MAYURBHAI SHETH B 150000 14.88
15/7/2011 530309 Chandra Prabhu-$ SRIMATI TRADING CO PVT LTD S 19922 17.06
15/7/2011 530859 Cosboard Inds RUPESH SONI B 48439 15.02
15/7/2011 530859 Cosboard Inds ELCON INVESTMENT S 21949 15.00
15/7/2011 531695 Dhvanil Chem SUNNY RASHMIKANT THAKKAR B 130500 64.13
15/7/2011 531695 Dhvanil Chem RACHNA SANJAY SHAH S 50400 61.40
15/7/2011 533090 EXCEL INFO DHAVAL ANILBHAI SHAH B 190000 23.97

Coal India Ltd


Coal India Ltd

Q1 June 2011 corporate earnings in focus


Indian stocks will on Monday, 18 July 2011, react to European bank stress tests results. The European Banking Authority will publish the results of its bank stress tests after European equity markets are closed on Friday, 15 July 2011. The European Banking Authority will also provide more information on the specific sovereign exposures of the lenders that have been reviewed.

Closer home, the focus remains on the Q1 June 2011 earnings. Investors will closely watch the post-Q1 June 2011 result management commentary to gauge the future earnings outlook at a time when Indian firms are witnessing cost pressures amid rising interest rates and staff costs. A hike in transportation costs will add to cost pressure of India Inc. As per reports, freight rates have gone up by 8% to 9% on all routes across India following a hike in diesel prices late last month.

Market slides on weak global cues


Key benchmark indices dropped in choppy trade on growing fears about the spreading of the euro-zone debt crisis to large European economies such as Italy and Spain. Impasse over debt ceiling in the US and back-to-back warnings by Moody's and S&P on US debt also weighed on the sentiment. US is the world's biggest economy. Indian stocks, nevertheless, shrugged off three serial bomb blasts in Mumbai on Wednesday (13 July 2011) evening as the blasts were of relatively lower intensity compared to some in the past.

Markets end with marginal losses


After struggling for direction, the Indian markets closed the session with modest losses. The Sensex fell 56 points and the Nifty down 19 points

Major headlines

Tata Motors global sales fall marginally in June

DB Realty Pune township project got cancelled

TTK Prestige Q1 net profit soars 58%

SKS Microfinance leads gainers in 'A' group


MOIL, Jubilant FoodWorks, Jet Airways (India) and Torrent Power are among the other gainers.

Shares of microfinance firm SKS Microfinance spurted 10% to Rs 523.60 on bargain hunting after the stock fell 19% in the preceding two trading sessions to settle at Rs 476 on Thursday, 14 July 2011, from a recent high of Rs 587.60 on 12 July 2011. The stock topped the gainers in the BSE's 'A' group.

MOIL surged 3.97% to Rs 364.90. The stock was second biggest gainer in 'A' group.

Market drifts lower ahead of the weekend


Key benchmark indices edged lower on Friday, 15 July 2011, snapping gains in the preceding two trading sessions, as traders opted for caution ahead of the weekend. The BSE Sensex was down 56.28 points or 0.3%, up close to 50 points from the day's low. Index heavyweight Reliance Industries (RIL) edged higher. The market breadth was negative. Realty stocks reversed initial gains. Auto stocks were mixed.

TCS rose after CEO and Managing Director N Chandrasekaran said at the time of announcing Q1 June 2011 results on Thursday, 14 July 2011, that TCS continues to see steady demand flow for its services. Metal stocks declined as metal prices fell on the London Metal Exchange on Thursday, 14 July 2011. Tyre stocks rose. Bank stocks were mixed. FMCG stocks declined.

Bullion metals shine considerably


Gains are checked as Fed hints at no further stimulus

Precious metals ended substantially higher on Thursday, 14 July, 2011 at Comex. Gold struck record high. Silver also shone. Precious metals' gains were checked after Federal Reserve Chairman Ben Bernanke finished his second day of testimony before Congress on Thursday and he said Fed officials are not ready yet to begin a new round of stimulus.

Market may open higher on firm Asian stocks


The market may open higher tracking firm Asian stocks. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a gain of 11.50 points at the opening bell. FIIs bought shares worth a net Rs 211.46 crore on Thursday, 14 July 2011, as per provisional data from the stock exchanges. Domestic institutional investors (DIIs) bought shares worth Rs 517.82 crore on that day.

Key benchmark indices closed marginally higher on Thursday, 14 July 2011, giving up strong intraday gains, as euro-zone debt worries resurfaced and after Moody's warned on Wednesday, 13 July 2011, that the United States may lose its top credit rating. The BSE Sensex rose 22.18 points or 0.12% to 18,618.20, its highest closing level since 11 July 2011.

Daily News Roundup - July 15 2011


ONGC is preparing for a total recast in its top management over the next few years, as almost all its directors and executive directors will retire by 2013. (ET)

Bharti Airtel, has offered to list its subsidiary, which offers mobile services in six northeastern states (excluding Assam) and Rajasthan, to provide an exit option for its minority JV partner, Telecom Consultants of India Ltd (TCIL). (ET)

NTPC is understood to have dropped or frozen its plan to set up a 1,320 Mw power plant at Santaldih, West Bengal. The project might have seen an investment of at least Rs80bn in the state, had it happened. (BS)

The Day after...Sensex, Nifty end flat


A day after Mumbai was rocked by triple bomb blasts, the Indian stocks managed to survive a wider sell-off on the bourses, as inflation did not accelerate as much as feared in June, bringing cheers to traders and investors alike. Overall, the trend was a little choppy as the indices witnessed a late selloff after a spirited comeback in the afternoon.

The Indian stocks ended almost unchanged on Thursday as investors also mulled overseas cues, which were not too exciting. A warning by Moody's to the US on its "AAA" debt rating spooked investors slightly.

In moments like these…


Doing the best at this moment puts you in the best place for the next moment. - Oprah Winfrey quotes.

As expected, the Indian market largely emerged unscathed a day after Mumbai was rocked by fresh terrorist strikes. But, the undertone is still jittery over a spate of local and global headwinds. For the moment, we expect a sluggish start at best. Asian markets are mixed and indecisive. US indices ended near day’s low yet again. European equities too declined.

Voltas


Voltas

Bank of Baroda


Bank of Baroda

Bajaj Auto


Bajaj Auto

Bharat Electronics


Bharat Electronics

HDFC


HDFC

Mahindra and Mahindra


Mahindra and Mahindra

Coal India


Coal India

SGX Nifty Live Update - July 15 2011


5,592.00 +7.00
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