Wednesday, November 09, 2011
Banking stocks took heavy beating today after SBI’s results and on Moody's downgrade. The Sensex fell 207 points and the Nifty slid 68 points
Ranbaxy Laboratories tumbles on net loss in Q3
SBI Q2 consolidated net profit at Rs3470.43 cr
Compat put stay on Rs630 crore penalty imposed by CCI on DLF
India's October car sales fall the most in more than a decade
Moody's cuts India banking outlook
IOC Q2 net loss at Rs7485.55 crore
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
9/11/2011 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 19223 808.71
9/11/2011 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 19223 808.33
9/11/2011 532435 Asia HR Tech SANJAY KANAYALAL MAKHIJA B 88872 4.63
9/11/2011 532435 Asia HR Tech KAMAL KANAYALAL MAKHIJA B 100000 4.63
9/11/2011 532435 Asia HR Tech HARESH KANAYALAL MAKHIJA B 100000 4.63
9/11/2011 532435 Asia HR Tech DINESH KANAYALAL MAKHIJA B 100000 4.63
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
09-NOV-2011,ABAN,Aban Offshore Ltd.,NOMURA MAURITIUS LIMITED,BUY,225000,444.11,-
09-NOV-2011,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,19223,808.10,-
09-NOV-2011,BIL,Bhartiya Intl Limited,HEENA GANDHI,BUY,150402,74.31,-
09-NOV-2011,ECEIND,ECE Industries Limited,ECE INDUSTRIES LTD,BUY,169000,134.50,-
09-NOV-2011,ECEIND,ECE Industries Limited,PAT Financial Consultants Pvt Ltd,BUY,30000,114.50,-
09-NOV-2011,FLEXITUFF,Flexituff Inter Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,277333,282.79,-
F&O turnover surges
Nifty November 2011 futures were at 5230, at a premium of 8.95 points over spot closing of 5221.05. Turnover on NSE's futures & options (F&O) segment surged to Rs 110661.24 crore from Rs 82073.20 crore on Tuesday, 8 November 2011.
State Bank of India (SBI) November 2011 futures were at 1864, at a premium over spot closing of 1853.40.
Weakness in European markets pushed Indian stocks lower, with the key benchmark indices settling at their lowest level in two weeks. European stocks reversed initial gains and US index futures tanked after independent clearing house LCH.Clearnet raised the margins traders must provide to trade Italian debt, escalating worries about Italy's ability to fund itself. The BSE Sensex fell 207.43 points or 1.18%, off about 296 points from the day's high and up close to 31 points from the day's low. The market breadth was weak.
The market may open on a positive note on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 26.50 points at the opening bell. State Bank of India, Ranbaxy Laboratories, Indian Oil Corporation, GMR Infrastructure and Power Finance Corporation unveil June-September 2011 quarter results today, 9 November 2011.
Key benchmark indices ended marginally higher on Tuesday, 8 November 2011, as index heavyweight Reliance Industries (RIL) inched up in volatile trade. The BSE Sensex rose 6.92 points or 0.04% to settle at 17,569.53, its highest closing level since 31 October 2011.
The Indian markets are likely to see a positive start following news that Italy's prime minister would resign, paving the way for austerity reforms to ease the euro zone's debt crisis.
Headlines for the day:
Mukesh Ambani buys 38.5% in Extramarks Education
RINL, BHEL to set up Rs 2,000 cr seamless tube mill
Tribunal to hear tomorrow DLF appeal against CCI order
NTPC to invite long-term coal import bids in 3 mths
TDSAT directs Qualcomm, DoT to resolve differences
Oil firms' Q2 net loss over Rs8,000 crore
The UK-based British Gas Group (BG Group) is likely to divest its stake in its majority-owned Gujarat Gas Company Ltd (GGCL), which has emerged India's largest private sector natural gas transmission and distribution company in terms of sales volumes. (BL)
Reliance Industries group has acquired an interest in the education sector. Infotel Broadband Services Ltd (Infotel), a subsidiary of RIL, has bought a 38.5 % stake in Extramarks Education Pvt Ltd (Extramarks.(BL)
HCL Technologies has been selected by United Health Group, a healthcare player in the US, to support the latter's transition to a new diagnostic and healthcare coding system.(BL)
The Indian markets started off the truncated week on a quite note despite firm cues from the US and the Asian markets. After starting off on a positive note, markets were under pressure throughout the day until the last hour as buying in the Oil & Gas, Consumer Durables, Power and Capital Goods stocks lifted the benchmark indices from days low.
While the BSE Realty index was the top loser, the index fell 1.7% while BSE Pharma and Auto index slipped 0.5% and 0.2% each.
"If you wish to be happy yourself, you must resign yourself to seeing others also happy" - Bertrand Russell
A flat start awaits the Indian stock market as investors begin to digest the effects or after effects of the global developments. Italian Prime Minister Silvio Berlusconi has resigned to the fact that his stepping down after the adoption of key reforms would boost the image of Italy. Greece is weighing all options or rather finding all avenues to get emergency funds to avert bankruptcy; Prime Minister George Papandreou had announced he will step down.