Sebi permitted mobile trading and smart order routing between stock exchanges

In a move that would give a big boost to equity trading, the Securities and Exchange Board of India on Friday permitted mobile trading and smart order routing between stock exchanges.

The former effectively means that stock market investors will no longer have to call up a broker or log on to a computer to buy or sell shares. All they need is an Internet-enabled mobile phone to access a trading terminal from their broker to buy or sell shares or transfer funds from their bank accounts for the purpose.

Brokers believe Sebi's move will help increase volumes manifold. According to July 2010 figures of the Cellular Operators' Association of India, there were over 470 million mobile connections in the country. However, there are only 10.6 million demat account holders that invest in equities.

Dinesh Thakkar, chairman and managing director of Angel Broking, which has a large retail clientele, said, "A larger number of people will have easy access to stock market information on a real-time basis, as mobile penetration is high. In the long run, the step will definitely increase volumes, as investors will be able to trade even while on the move."

Over a quarter of trading volumes on the Korean stock exchange, the world's largest bourse in terms of volumes, comes through handheld devices. In India, 15-20 percent of volumes on the National Stock Exchange were generated through Internet trading.

Clients of brokers will have to install special software on their GPRS-enabled mobiles or personal digital assistants. All mobile users will have to do then is to access the websites of brokerages and, using their user IDs and security token number, trade on the market. Most brokers in the country have trading websites that can be easily accessed by mobile phones.

Mobile trading was hitherto not allowed due to security concerns. The entire question revolved around what would happen if a client disowns trades conducted via his mobile phone. That could happen if the instrument is stolen or misplaced, leaving room for misuse. This issue had come up before Sebi's technical advisory committee headed by S Sadagopan, a professor at IIIT Bangalore.

Both the Bombay Stock Exchange and NSE have already put in place technology required for mobile trading. An NSE official said, "While mobile trading would go a long way in financial inclusion, the introduction of SOR will bring in a uniform eco system in stock markets."

SOR will mainly help to deepen the derivative segment and bring down the concentration of volumes on a particular exchange. It will also decrease the arbitrage opportunity. Currently, NSE generates an average daily turnover of nearly Rs 1,00,000 crore in equity derivatives and the Sebi move will lead to some trading volumes being generated on the BSE, too.

"Introduction of SOR will create a level playing field between stock exchanges and widen the derivative market as algorithmic trades are growing fast," said a top BSE official.

SOR is used for algorithmic trading and allows brokers' trading engines to systematically choose the execution destination between different exchanges based on factors like price, trading costs, speed, likelihood of execution and settlement, size, nature or any other consideration. In India, brokers' software would be able to choose between BSE and NSE.

Up until now, algorithmic trades could be routed only through NSE and it did not allow trades if the algo contained parameters of other exchanges. Algorithmic trading is programmed trading through a computer and does not involve human intervention. On the NSE, 15-20 percent volumes in the derivatives segment are currently generated through algorithmic trading.

Via : BS

IT firms face double visa application fees

Soon after Washington's decision to nearly double visa application fees as a part of its border security law, a bigger storm in the form of the Comprehensive Immigration Reforms Bill is gaining momentum in the US.

It is expected to hit the Indian IT outsourcing industry in November, with potentially disastrous consequences.

Talk of comprehensive immigration legislation has been in the air for some time. It took a backseat for some time due to Congressional elections in the US, but the debate is expected to intensify in November once those elections are over.

The bill, which aims to curb illegal immigrants to the US from Mexico, also proposes to axe visas (whether H1-B or L1) to foreign companies that do not employ at least 50 per cent local people in the US. If passed, the bill is expected to snap the spine of the Indian IT outsourcing sector, which is nowhere near this 50 per cent figure and still relies on H1-B and L1 visas to transition clients' contracts offshore.

"Most politicians are trying to capitalise on the issue on the back of rising unemployment and a lot of negative sentiment floating around that," said a senior executive of one top Indian IT outsourcing firm. He did not wish to be named, as his company has significant business interests in the US.

India IT service companies depend heavily on H-1 and L-1 visas to send engineers from India on a temporary basis to transition clients' work to India: gathering client business requirements, getting the design ready; and sometimes to support a client's IT infrastructure maintenance works onsite.

Most companies also send Indians for various front-end roles like account management, relationship management and sales & support.

"One may manage the migration by using new tools and technologies like collaborative platforms or video conferencing. But the front-end roles mostly manned by Indians, which is a strength of most Indian companies, could be depleted," said Amneet Singh, VP-global sourcing, Everest Group.

Besides, most IT employees in India consider onsite (US) postings a prime motivation factor to further their career growth. If that disappears, most companies will find it difficult to get talent. "In some way, this could disturb the whole career management framework."

"If people can't travel to the US, the whole delivery model could break down and performing the work offshore will be quite difficult," Singh added.

Nasscom, the apex industry body representing the software services industry in India, has been asking US authorities and lawmakers to introduce temporary service visas or work permits similar to those of the UK, Germany and France. It made this clear in 2009 when senators Chuck Grassley and Dick Durbin were planning to introduce the Visa Reforms Bill in the US Senate.

A major part of the Durbin-Grassely proposals are now believed to have been incorporated in the Comprehensive Immigration Reforms Bill. Nasscom is awaiting an official draft of the Bill before renewing its campaign against the move.

"There is no official draft available at the moment, which is why there are many versions floating around. There are discussions between the US administration and Congress on a 10-point agenda on the shape of the Bill. Of course, while they are largely talking about Mexican immigration issues, we believe H1 and L1 are also part of the discussion," said Nasscom President Som Mittal.

Industry insiders say the recent spurt in anti-outsourcing initiatives in the US are due to political reasons. The US economy is also passing through a rough patch, with talk of double-dip recession growing louder with each passing day. Unemployment rates are high and private indebtedness is very high.

"All recent data from the US is very negative. US companies are sitting on $2 trillion in cash, one of the highest seen in the past few decades. But they are not investing the money because of a lack of confidence. Consumer spending has fallen, while the savings rate is slowly rising," said V Balakrishnan, CFO of Infosys Technologies.

Since the fiscal deficit is going up, most new US government programmes are self-funded, otherwise it would be difficult to get Congressional approval. "Public opinion in the US is that the fiscal deficit should not go up, which means any programme should be self-funded. When they thought of the Border Security Bill, they have to spend a certain amount, a part of which they wanted to collect by increasing the visa application fee," added Balakrishnan.

Source : BS

Corus agreed to sell the beleaguered Teesside Cast Products plant to Thailand's Sahaviriya Steel Industries

After months of negotiations, Tata Steel-owned Corus has tentatively agreed to sell the beleaguered Teesside Cast Products plant to Thailand's Sahaviriya Steel Industries for a price of £320 million (Rs 2,325 crore).

However, according to both firms, the deal is far from complete. Corus MD and CEO Kirby Adams said, "This is the first of several steps required to reach a definitive sale agreement in the coming months, which, with the anticipated cooperation of the government, employee representatives and the northeast community, should result in the restart of steelmaking on Teesside in the first half of 2011." 

TCP was partially mothballed in February this year, after a consortium of four buyers pulled out of a 10-year purchase contract with Corus, leading to a loss of nearly 1,500 jobs. The contract had helped Corus sell nearly 80 per cent of the plant's total output, which explains the need for mothballing when the deal was snapped. Between April and December 2009, TCP lost around £150 million due to the terminated contract. Corus said it would continue to pursue legal action against the consortium.

SSI proposes to continue to keep the 700 people in the plant and may hire a "few hundreds" more depending on market conditions. The plant's capacity is around 3.2 million tonnes annually and SSI hopes to increase it to 3.5 million tonnes in the future.

Until 2008, when the plant was running to full capacity, it fetched Corus an estimated $1.5 billion in revenues.

The assets covered by the sale MoU include the Redcar and South Bank coke ovens, TCP's power generation facilities and sinter plant, the Redcar blast furnace and the Lackenby steelmaking facilities, Corus said.

A sale agreement would also result in Corus and SSI operating Redcar wharf (TCP's bulk terminal) as a joint venture, giving Corus the flexibility to use Teesside to serve its other steelmaking operations, while also meeting SSI's requirements.

Win Viriyaprapaikit, President of SSI, said: "This transaction will enable SSI to fulfil its long-standing objective of becoming a fully integrated steel producer with both primary steelmaking and rolling facilities."

Corus and SSI will continue their negotiations, as well as hold talks with trade unions and the UK government in coming weeks and months to finalise the terms of a sale agreement.

Source : BS

Post Market Review - Aug 27 2010

It was a disappointing end to the week as markets collapsed in the latter half of the trading session to close deep in the red. Sensex lost 228 points to close at 17998 while Nifty finished at 5408, down 69 points. BSE Mid-cap and Small-cap indices lost 1% and 1.3% respectively. On weekly basis, Sensex and Nifty broke the 3-week winning streak by losing 2.2% each this week. BSE Realty index plunged 8.5% over the week, becoming the top loser among the sectoral indices, followed by Metal index, down 3.3%. Consumer Durable index was the sole gainer, up 1.4%. European markets, after initial dip, recovered sharply and were trading modestly higher. US stock indices futures were up about a third of a percent ahead of 2nd quarter GDP data.

Barring Oil & Gas index that gained 0.4%, all other sectoral indices finished in the red in today’s trade. Realty index and Bankex were the top losers, down 2.7% and 2.1%. GAIL and ONGC were the top gainers among the Nifty stocks, putting on 3.5% and 2% respectively while DLF and Hero Honda los the most, shedding 3.6% and 3.5% respectively. BSE advance-decline ratio stood at 1:2.3.

Nifty September 2010 futures at discount

Turnover slumps
Nifty September 2010 futures were at 5404, at a discount of 4.70 points over spot closing of 5408.70.

Turnover on NSE's futures & options segment declined to Rs 89,587.43 crore from Rs 1,56,182.79 crore on Thursday, 26 August 2010.
Tata Steel August 2010 futures were near spot price at 510.45 compared to the spot closing of 509.
Tata Motors August 2010 futures were at premium at 995.30 compared to the spot closing of 991.40.
State Bank of India August 2010 futures were near spot price at 2787 compared to the spot closing of 2787.05.
In the spot market, the 50-unit S&P CNX Nifty lost 69.20 points or 1.26% to 5,408.70.

Sensex below 18K on late selloff

Today's major news
IT stocks decline as government hikes MAT
Havells India lightens on bonus issue; the stock closes 3.48% higher
Parenteral Drugs spurts on bonus buzz; the stock ends 8.40% higher

Global signals
The European stocks edged lower in early trades on Friday (August 27, 2010) following a slump in the US, as investors were worried about the pace of economic recovery after recent grim macroeconomic data
All the major Asian indices shut the day on a mixed note, Japanese Nikkei closed with gains of 0.95%.
The US stock index futures pointed to a slightly higher start on the Wall Street ahead of US gross domestic data (GDP) data and a major speech by Federal Reserve’s Chairman Ben Bernanke.
Indian indices:
The bears were again in action after taking a pause in the previous session. The Indian markets fell, with the benchmark index set for its biggest weekly decline in more than three months, amid concern that the US will lower its second-quarter growth estimate. The markets closed the first day of a new F&O series with huge cuts in a late trade sell-off. Midcap stocks were weak and sector-wise, realty, information technology (IT), fast moving consumer goods (FMCG) and banks ended with losses. The Sensex was dragged below 18000 owing to weak cues from the global front.
Software companies dropped after the Union Cabinet proposed a hike in the rate of minimum alternate tax on book profits to 20% from the current level of 18%. Heavyweights like ICICI Bank, Infosys Technologies and State Bank of India led decline in the Sensex.
The Sensex started the day 20 points lower at 18205. The index traded in the red all through the morning session. As the session progressed, the Sensex briefly turned positive amid volatility touching the day’s high of 18248. However, in the afternoon session, from the highest level, the index slipped into the negative zone as the European stocks opened lower. In the late trades, the index slumped further, broke the 18000 mark touching the day’s low of 17944 owing to heavy selling across the board.
At the closing bell, the Sensex shut shop at 17988, 228 points down. The Nifty closed at 5409, 69 points lower.
Bond Market Wrap Up: India’s 10-year bonds are set for a second weekly drop on speculation that the central bank will boost borrowing costs to curb inflation that has held at or above 10% since February. India’s rupee headed for a weekly loss on speculation that investors will pare holdings of emerging-market assets as the US economic recovery falters and because of month-end demand for the dollar from importers.
Market Outlook: Tonight, Wall Street will be looking at the first revision of second quarter GDP and the market reaction will depend on whether that revision takes us from 2.4% to above or below a consensus of 1.4%. Secondly, Ben Bernanke is going to give a speech tonight.
Market sentiment
The market breadth was extremely weak as declining stocks outdid the advancing ones. Of the 3,059 shares traded on the BSE, 2,074 shares declined whereas 889 shares gained. Ninety-six shares traded unchanged.
Sectoral & stock screening
All the 13 sectoral indices closed in the red except BSE Oil & Gas that managed to end with gains of 0.36%. Among losers, BSE Realty was the worst performer, down by 2.67%, followed by BSE Bankex that shed 2.07% and BSE Information Technology (IT) that declined by 1.84%.
Among 'A' group stocks, Ispat Industries gained the most, up by 4.47%, followed by Cummins India that rose by 3.03% and ONGC that advanced by 2.87%. On the flip side, Jai Corp was the major loser, down by 3.75, followed by Hindustan Copper that declined by 3.74% and Housing Development and Infrastructure that fell by 3.69%.
Viewing volumes
Leading integrated steel makers - Ispat Industries was the most traded with over 1.15 crore shares changing hands on the BSE, followed by Pharma company – Piramal Healthcare (1.02 crore shares), India's second largest developer - Unitech (0.42 crore shares), wind turbine major - Suzlon Energy (0.37 crore shares) and India's biggest basmati rice player - REI Agro (0.31 crore shares).

BSE Bulk Deals to Watch - Aug 27 2010

al Date Scrip Code Company Client Name Deal Type * Quantity Price **
27/8/2010 526955 ABL Biotech R RAGHAVAN B 70000 19.76
27/8/2010 526955 ABL Biotech SILVER GOLDEN PROPERTY DEVELOP FIN INVESTMENT LIMITED S 131000 20.00

27/8/2010 530901 ACIL Cot Inds ABHIJAI INVESTMENT B 67934 35.92
27/8/2010 530901 ACIL Cot Inds KEYUR KIRIT MODI S 65000 35.90
27/8/2010 532331 Ajanta Pharma CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 87621 248.62
27/8/2010 532331 Ajanta Pharma OPG SECURITIES P LTD B 104616 250.62
27/8/2010 532331 Ajanta Pharma OPG SECURITIES P LTD S 104616 250.87
27/8/2010 532331 Ajanta Pharma CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 87621 246.86
27/8/2010 531761 Amulya Leas SALASAR TECHNO ENGINEERING PRIVATE LIMITED B 30500 36.20
27/8/2010 531678 Anand Credit KINJAL GIRISH SHAH B 40390 54.34
27/8/2010 531678 Anand Credit RAMESHBHAI LAHERCHAND SHAH S 34605 54.90
27/8/2010 532397 Arms Paper DEVKANT SYNTHETICS INDIA PVT. B 751653 12.25
27/8/2010 532397 Arms Paper DEVKANT SYNTHETICS INDIA PVT. S 41002 12.69
27/8/2010 532397 Arms Paper WINDSOR PAPERS PRIVATE LIMITED S 241750 12.37
27/8/2010 532397 Arms Paper PRAMOD PESTICIDES PVT LTD S 581538 12.25
27/8/2010 532995 Avon Corp DELIGHT FINANCIAL ADVISOR PVT LTD B 1025148 6.88
27/8/2010 532995 Avon Corp DELIGHT FINANCIAL ADVISOR PVT LTD S 1087134 6.48
27/8/2010 523207 Camlin GENUINE STOCK BROKERS PVT. LTD. B 311402 55.75
27/8/2010 523207 Camlin TRANSGLOBAL SECURITIES LTD. B 312461 54.87
27/8/2010 523207 Camlin GENUINE STOCK BROKERS PVT. LTD. S 311402 55.79
27/8/2010 523207 Camlin TRANSGLOBAL SECURITIES LTD. S 307493 54.93
27/8/2010 531900 CCL Intl GAURAV PUROHIT B 74334 126.41
27/8/2010 531900 CCL Intl RAJ FINVEST B 80078 123.16
27/8/2010 531900 CCL Intl LALIT CHATURBHUJ VYAS B 74072 124.98
27/8/2010 531900 CCL Intl LALIT CHATURBHUJ VYAS S 74072 123.58
27/8/2010 531900 CCL Intl RAJ FINVEST S 80078 123.27
27/8/2010 531900 CCL Intl GAURAV PUROHIT S 72844 124.13
27/8/2010 512361 Cupid Trades KAVITA MANISH KHENI B 21000 46.40
27/8/2010 512361 Cupid Trades SHAMANJWALI PVT LTD S 21000 46.40
27/8/2010 531270 Dazzel Conf NILESH KRUSHNA PALANDE B 50000 34.96
27/8/2010 531270 Dazzel Conf HEMANT SURESH LOKHANDE B 30000 34.70
27/8/2010 531270 Dazzel Conf SANTOSH KUMAR BODHU S 30000 34.70
27/8/2010 531171 Devika Prot NARESH CHAND JAIN B 56728 15.81
27/8/2010 531171 Devika Prot NARESH CHAND JAIN S 56728 15.66
27/8/2010 531171 Devika Prot RAMESH DATTRAM HATKAR S 102281 17.21
27/8/2010 531171 Devika Prot MAHESH RAGHU SHETTY S 114398 15.93
27/8/2010 531171 Devika Prot RAJESHKUMAR NATHALAL PARMAR S 125166 15.77
27/8/2010 531171 Devika Prot YOGEETA KASHIRAM KADAM S 53330 17.68
27/8/2010 531171 Devika Prot RAHUL LEKHRAJ SINGHVI S 65980 15.73
27/8/2010 530765 Devki Leasing KRISHAN LAL S 25882 5.63
27/8/2010 517973 DMC Intl BHAVNEET PA SINGH S 114366 10.56
27/8/2010 506109 Genesys Intl AMAS INDIA INV MAURITIUS LTD B 175000 237.99
27/8/2010 506109 Genesys Intl INDIA MAX INVESTMENT FUND LIMITED S 174349 238.00
27/8/2010 532786 Great Offshore SWISS FINANCE CORPORATION MAURITIUS LIMITED B 249500 377.93
27/8/2010 532786 Great Offshore SURYANATH SOMNATH POOJARI B 200518 371.57
27/8/2010 532786 Great Offshore SURYANATH SOMNATH POOJARI S 200518 376.83
27/8/2010 532786 Great Offshore ELEVENTH LAND DEVELOPERS PVT LTD S 1738421 371.08
27/8/2010 531601 Gujarat Capital RUPAK TRADING PRIVATE LIMITED S 61084 135.29
27/8/2010 532770 Hanung Toys CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 137941 289.54
27/8/2010 532770 Hanung Toys CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 137941 289.65
27/8/2010 531661 Hittco Tools AFJALBHAI KASAMBHAI LAKHANI S 34533 35.14
27/8/2010 511682 IFL Promoters INDER PAL DOGRA B 100000 14.14
27/8/2010 511682 IFL Promoters SITA RAM S 124255 14.14
27/8/2010 517370 Incap BHARATHI YADAV M S 76003 19.37
27/8/2010 530887 Incap Financial NISHA VAISH B 34000 42.75
27/8/2010 530887 Incap Financial DILIPKUMAR KANTILAL SHAH S 34000 42.75
27/8/2010 520139 Jagson Airlines GIRISH BABUBHAI SHAH B 152722 17.49
27/8/2010 520139 Jagson Airlines SUSHIL KUMAR AGARWAL B 375641 19.17
27/8/2010 520139 Jagson Airlines SUSHIL KUMAR AGARWAL S 175759 17.52
27/8/2010 520139 Jagson Airlines GIRISH BABUBHAI SHAH S 152722 19.05
27/8/2010 532624 Jindal Photo CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 142553 283.96
27/8/2010 532624 Jindal Photo CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 142555 285.49
27/8/2010 500227 Jindal Poly CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 119706 868.70
27/8/2010 500227 Jindal Poly CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 119706 868.37
27/8/2010 514448 Jyoti Resins HITESH GOVINDLAL SHAH B 30000 8.37
27/8/2010 514448 Jyoti Resins SAR AUTO PRODUCTS LIMITED S 25899 8.40
27/8/2010 530255 KAY Power SUNIL KUMAR GUPTA S 57249 20.18
27/8/2010 506528 Keltech Ener CHANCHAL DEVI LODHA S 10000 281.69
27/8/2010 530273 Liberty Phos HITESH SHASHIKANT JHAVERI S 87908 58.95
27/8/2010 532537 Lumax Automotive BP FINTRADE PRIVATE LIMITED B 84784 57.27
27/8/2010 532537 Lumax Automotive BP FINTRADE PRIVATE LIMITED S 78781 57.40
27/8/2010 532537 Lumax Automotive VIJAY KUMAR S 45000 57.65
27/8/2010 532950 Manjushree Techno SHRUTI LODHA B 82000 83.44
27/8/2010 590111 MASTER BALA RAMA VENKATA SIVA NAGA S B 66423 51.19
27/8/2010 533220 MIDFIELD JEETANDRABHAI RAMESHBHAI PATEL B 66845 220.83
27/8/2010 533220 MIDFIELD JEETANDRABHAI RAMESHBHAI PATEL S 86845 218.16
27/8/2010 533220 MIDFIELD AMAN TIEUP PRIVATE LIMITED S 90122 213.71
27/8/2010 533220 MIDFIELD EXCEL MERCANTILE PRIVATE LIMITED S 157283 204.84
27/8/2010 590060 MK Exim PARAG NAVINCHANDRA SHETH S 29000 43.15
27/8/2010 531843 MYM Tech JMP SECURITIES PVT LTD B 164895 7.37
27/8/2010 531843 MYM Tech JMP SECURITIES PVT LTD S 123985 7.53
27/8/2010 524816 Natco Pharma CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 143158 259.78
27/8/2010 524816 Natco Pharma SMART EQUITY BROKERS PRIVATE LIMITED B 187580 261.63
27/8/2010 524816 Natco Pharma SMART EQUITY BROKERS PRIVATE LIMITED S 187580 262.11
27/8/2010 524816 Natco Pharma CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 143101 259.23
27/8/2010 530557 NCL Research UTTAM COMMODITIES PRIVATE LIMITED B 17000 169.82
27/8/2010 531598 Nimbus Foods BALAJI RESOURCES & TRADING LTD S 1598570 7.21
27/8/2010 532607 Ontrack Sys ABHISHEK JHUNJHUNWALA B 110965 35.14
27/8/2010 512097 Oregon Comm Naman Securities & Finance Pvt. Ltd. B 6500 297.95
27/8/2010 512097 Oregon Comm JMP SECURITIES PVT LTD B 34701 297.95
27/8/2010 512097 Oregon Comm BP FINTRADE PRIVATE LIMITED B 6906 297.95
27/8/2010 512097 Oregon Comm NILESH RASIKLAL PANDYA S 15000 297.95
27/8/2010 512097 Oregon Comm JMP SECURITIES PVT LTD S 22217 297.95
27/8/2010 512097 Oregon Comm KRUPA SANJAY SONI S 22526 297.95
27/8/2010 512097 Oregon Comm KRUPA SANJAY SONI S 7552 297.95
27/8/2010 505525 Parichay Invest ROHAN RAJUKUMAR MAHIPAL B 12500 50.07
27/8/2010 505525 Parichay Invest AMUL GAGABHAI DESAI B 6500 50.00
27/8/2010 505525 Parichay Invest BHARAT A PANCHAL B 50000 50.00
27/8/2010 505525 Parichay Invest MANJULABEN RAMESHBHAI PATEL B 6000 50.00
27/8/2010 505525 Parichay Invest PANKAJ PURSHOTTAMBHAI PATEL B 20000 50.00
27/8/2010 505525 Parichay Invest MAULIKKUMAR MAHENDRABHAI PATEL B 6000 50.00
27/8/2010 505525 Parichay Invest DHARITA JIGNESHKUMAR PATEL B 10000 50.00
27/8/2010 505525 Parichay Invest AALAP BIPINBHAI PATEL B 10000 50.04
27/8/2010 505525 Parichay Invest MEHULKUMAR KACHARALAL PATEL B 21000 50.00
27/8/2010 505525 Parichay Invest DHARMESHKUMAR JAYESHKUMAR SONI B 9200 50.00
27/8/2010 505525 Parichay Invest RITU AGRAWAL S 7500 50.00
27/8/2010 505525 Parichay Invest OMI BAGADIA S 200000 50.00
27/8/2010 505525 Parichay Invest ANURAG AGRAWAL S 7500 50.06
27/8/2010 505525 Parichay Invest SUSHMA BUBNA S 15000 50.00
27/8/2010 505525 Parichay Invest RAMA BUBNA S 15000 50.00
27/8/2010 505525 Parichay Invest RAJESH KUMAR BUBNA S 15000 50.00
27/8/2010 505525 Parichay Invest MUKESH BUBNA S 15000 50.00
27/8/2010 505525 Parichay Invest ASHIS BUBNA S 15000 50.00
27/8/2010 523260 Pearl Polymers BP FINTRADE PRIVATE LIMITED B 122497 25.79
27/8/2010 523260 Pearl Polymers BP FINTRADE PRIVATE LIMITED S 130489 25.47
27/8/2010 523260 Pearl Polymers BHANUKUMAR MAHALCHAND NAHATA S 129971 24.23
27/8/2010 500302 Piramal Health PARAMOUNT PHARMA PRIVATE LIMITED B 10000000 499.00
27/8/2010 500302 Piramal Health PHL HOLDINGS PRIVATE LIMITED S 10000000 499.00
27/8/2010 533239 PRAKASHSTL TRANSGLOBAL SECURITIES LTD. B 130962 194.72
27/8/2010 533239 PRAKASHSTL THINK BULL PRIVATE LIMITED B 104737 192.86
27/8/2010 533239 PRAKASHSTL SMART EQUITY BROKERS PRIVATE LIMITED B 770283 195.92
27/8/2010 533239 PRAKASHSTL AMIT MANILAL GALA B 99801 197.42
27/8/2010 533239 PRAKASHSTL GUNNY CHEM TEX INDIA LIMITED B 150000 220.80
27/8/2010 533239 PRAKASHSTL GENUINE STOCK BROKERS PVT. LTD. B 561258 193.83
27/8/2010 533239 PRAKASHSTL ALFA FISCAL SERVICES PVT LTD B 127064 195.86
27/8/2010 533239 PRAKASHSTL AKSHI FINANCE PRIVATE LIMITED B 178985 197.19
27/8/2010 533239 PRAKASHSTL CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 1138306 193.00
27/8/2010 533239 PRAKASHSTL HARSH STOCK PORTFOLIO PVT LTD B 2465730 196.70
27/8/2010 533239 PRAKASHSTL CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED B 95028 195.47
27/8/2010 533239 PRAKASHSTL BLUE PEACOCK SECURITIES PVT LT B 116023 198.18
27/8/2010 533239 PRAKASHSTL OPG SECURITIES P LTD B 579247 196.34
27/8/2010 533239 PRAKASHSTL MARWADI SHARES AND FINANCE LIMITED B 456056 193.00
27/8/2010 533239 PRAKASHSTL M/S ARV ENTERPRISES S 90000 193.61
27/8/2010 533239 PRAKASHSTL BLUE PEACOCK SECURITIES PVT LT S 116023 194.70
27/8/2010 533239 PRAKASHSTL MARWADI SHARES AND FINANCE LIMITED S 456056 192.83
27/8/2010 533239 PRAKASHSTL CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED S 95028 194.49
27/8/2010 533239 PRAKASHSTL OPG SECURITIES P LTD S 579247 196.45
27/8/2010 533239 PRAKASHSTL HARSH STOCK PORTFOLIO PVT LTD S 2385730 205.15
27/8/2010 533239 PRAKASHSTL CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 1137914 191.10
27/8/2010 533239 PRAKASHSTL ALFA FISCAL SERVICES PVT LTD S 127064 195.94
27/8/2010 533239 PRAKASHSTL AKSHI FINANCE PRIVATE LIMITED S 178985 196.10
27/8/2010 533239 PRAKASHSTL GENUINE STOCK BROKERS PVT. LTD. S 561258 193.64
27/8/2010 533239 PRAKASHSTL THINK BULL PRIVATE LIMITED S 107234 192.64
27/8/2010 533239 PRAKASHSTL AMIT MANILAL GALA S 99801 197.71
27/8/2010 533239 PRAKASHSTL SMART EQUITY BROKERS PRIVATE LIMITED S 770283 196.10
27/8/2010 533239 PRAKASHSTL TRANSGLOBAL SECURITIES LTD. S 131714 193.37
27/8/2010 503873 Priyadarshini Spn JAG PAR SECURITIES LTD B 62340 76.03
27/8/2010 503873 Priyadarshini Spn ABHAY BARDIA B 100000 76.52
27/8/2010 511557 Pro Fin Capital TRIYAMB SECURITIES PRIVATE LIMITED B 671100 11.66
27/8/2010 511557 Pro Fin Capital RAJAN SEHGAL S 671100 11.66
27/8/2010 530111 Raj Packaging HARSHA MAYURBHAI SHETH B 25000 55.50
27/8/2010 530111 Raj Packaging JAGDISH N SHAH JAGDISH B 20000 55.50
27/8/2010 530111 Raj Packaging ANITABEN ARVINDBHAI BUMB B 23000 55.50
27/8/2010 530111 Raj Packaging ASHOK KUMAR PALOD B 95000 55.50
27/8/2010 530111 Raj Packaging RAVIKIRAN DAMANI S 24170 55.50
27/8/2010 530111 Raj Packaging DEEPAK HARISHANKAR CHOUHAN S 20000 55.50
27/8/2010 530111 Raj Packaging PANKAJ JAYANTILAL DAVE S 30000 55.50
27/8/2010 530111 Raj Packaging BHUPESH JAYANTILAL DAVE S 87556 55.50
27/8/2010 524037 Rama Phosphates SHREY SECURITIES PVT LTD B 37068 70.03
27/8/2010 524037 Rama Phosphates CHIMANLAL MANEKLAL SECURITIES PVT.LTD B 34107 70.27
27/8/2010 524037 Rama Phosphates BP FINTRADE PRIVATE LIMITED B 90091 72.13
27/8/2010 524037 Rama Phosphates MUMBAI STOCK BROKERS PVT LTD B 40000 72.93
27/8/2010 524037 Rama Phosphates BP FINTRADE PRIVATE LIMITED S 89078 72.87
27/8/2010 524037 Rama Phosphates CHIMANLAL MANEKLAL SECURITIES PVT.LTD S 34107 70.41
27/8/2010 524037 Rama Phosphates ARYA INVESTMENTS S 31466 72.87
27/8/2010 524037 Rama Phosphates SHREY SECURITIES PVT LTD S 29439 70.56
27/8/2010 524037 Rama Phosphates KAUSHIK SHAH SHARES & SEC. LTD S 47991 71.92
27/8/2010 590077 Ranklin Sol BALA RAMA VENKATA SIVA NAGA S B 29111 129.99
27/8/2010 590077 Ranklin Sol GOVINDJI GUPTA S 64000 130.75
27/8/2010 526753 Roselabs Inds ABHIJAI INVESTMENT B 252102 34.81
27/8/2010 526753 Roselabs Inds NILESH KRUSHNA PALANDE B 208244 34.85
27/8/2010 526753 Roselabs Inds ABHIJAI INVESTMENT S 186516 34.34
27/8/2010 500368 Ruchi Soya DHANANJAYA MONEY MANAGEMENT SERVICES PVT LTD B 1757582 129.74
27/8/2010 530461 Saboo Sodium MANISH G. LAKHI S 120563 25.33
27/8/2010 505141 Scooters India SVS SECURITIES PVT LTD B 11500 45.90
27/8/2010 531431 Shakti Pumps PARMAR BHARATKUMAR B B 65458 228.79
27/8/2010 531431 Shakti Pumps PARMAR BHARATKUMAR B S 49634 229.92
27/8/2010 511754 Shalibhadra Fin ANITABEN ARVINDBHAI BUMB B 25000 39.53
27/8/2010 511754 Shalibhadra Fin MUKESH K BHANUSHALI S 31632 39.57
27/8/2010 532999 Silverline Anim PRIMUS REAL ESTATES PRIVATE LIMITED B 350000 20.50
27/8/2010 532833 Sparsh BPO KAVITA PURI B 275000 54.80
27/8/2010 532833 Sparsh BPO KAPIL PURI S 275000 54.80
27/8/2010 524636 SS Organics INDUSTRIAL DEVELOPMENT BANK OF INDIA S 39900 6.76
27/8/2010 532516 Surya Pharma OPG SECURITIES P LTD B 83013 300.45
27/8/2010 532516 Surya Pharma CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 142423 298.16
27/8/2010 532516 Surya Pharma SMART EQUITY BROKERS PRIVATE LIMITED B 150974 298.76
27/8/2010 532516 Surya Pharma SMART EQUITY BROKERS PRIVATE LIMITED S 150974 298.86
27/8/2010 532516 Surya Pharma CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 142423 298.42
27/8/2010 532516 Surya Pharma OPG SECURITIES P LTD S 83013 300.47
27/8/2010 531703 Tribhuvan Hous CHANDRESH CHANDRAKANT SHAH B 50800 17.00
27/8/2010 531703 Tribhuvan Hous CHANDRESH CHANDRAKANT SHAH S 50800 17.07
27/8/2010 531703 Tribhuvan Hous ABHIJAI INVESTMENT S 75000 17.00
27/8/2010 590091 TRINETHRA IN PERLA T N V A R SUDARSAN S 330000 44.29
27/8/2010 531874 Venus Ventures KARTHIKEYAN PURUSHOTHAMAN B 40000 11.07
27/8/2010 531874 Venus Ventures YERRAMALA YATAGIRI S 40000 11.07
27/8/2010 531950 Vertex Sec B.K.KHULLAR & CO B 32000 230.77
27/8/2010 531950 Vertex Sec MAHESH CHAND GOYAL S 50000 225.01
* B - Buy, S - Sell

NSE Bulk Deals to Watch - Aug 27 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
27-AUG-2010,AJANTPHARM,Ajanta Pharma Ltd,CNB FINWIZ PRIVATE LIMITED,BUY,106073,243.54,-
27-AUG-2010,AJANTPHARM,Ajanta Pharma Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,85757,246.41,-

27-AUG-2010,ASAL,Automotive Stampings and,KANAN KHANIK SHAH,BUY,81547,143.63,-
27-AUG-2010,CAMLIN,Camlin Ltd.,BLUE PEACOCK SECURITIES PVT LT,BUY,524003,53.67,-
27-AUG-2010,CAMLIN,Camlin Ltd.,GENUINE STOCK BROKERS PVT LTD,BUY,450070,56.12,-
27-AUG-2010,CAMLIN,Camlin Ltd.,PACE STOCK BROKING SERVICES PRIVATE LIMITED,BUY,385615,54.18,-
27-AUG-2010,CAMLIN,Camlin Ltd.,RAVI SHANKARAN,BUY,530000,55.28,-
27-AUG-2010,CAMLIN,Camlin Ltd.,TRANSGLOBAL SECURITIES LTD.,BUY,350486,54.97,-
27-AUG-2010,ECEIND,ECE Industries Limited,JAY SHREE TEA & INDUSTRIES LTD,BUY,967383,140.00,-
27-AUG-2010,FCSSOFT,FCS Software Solutions Li,VORA BHAVIK PRAFULCHANDRA,BUY,5300000,2.25,-
27-AUG-2010,HANUNG,Hanung Toys and Textiles,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,134835,289.36,-
27-AUG-2010,ITI,ITI Ltd.,MHS FINSTOCK LTD,BUY,125000,44.50,-
27-AUG-2010,JINDALPHOT,Jindal Photo Limited,BLUE PEACOCK SECURITIES PVT LT,BUY,52983,273.89,-
27-AUG-2010,JINDALPHOT,Jindal Photo Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,136044,285.18,-
27-AUG-2010,JINDALPHOT,Jindal Photo Limited,R APPALA RAJU,BUY,58000,278.03,-
27-AUG-2010,JUPITER,Jupiter Bioscience Ltd,MAHESH MITTAL,BUY,200000,108.00,-
27-AUG-2010,JUPITER,Jupiter Bioscience Ltd,RAJ FINVEST,BUY,132891,109.88,-
27-AUG-2010,KAMATHOTEL,Kamat Hotels (I) Ltd,BP FINTRADE PRIVATE LIMITED,BUY,78420,124.84,-
27-AUG-2010,KAMATHOTEL,Kamat Hotels (I) Ltd,RAMAVAT STOCKS PRIVATE LIMITED,BUY,67140,125.05,-
27-AUG-2010,LUMAXAUTO,Lumax Automotive Systems,BP FINTRADE PRIVATE LIMITED,BUY,54435,56.74,-
27-AUG-2010,LUMAXAUTO,Lumax Automotive Systems,RAHUL DOSHI,BUY,160012,57.51,-
27-AUG-2010,LUMAXAUTO,Lumax Automotive Systems,SVS SECURITIES PVT. LTD.,BUY,57668,57.43,-
27-AUG-2010,LUMAXAUTO,Lumax Automotive Systems,VAIBHAV DOSHI STOCKS AND COMMODITES PRIVATE LIMITED,BUY,40012,57.55,-
27-AUG-2010,NATCOPHARM,Natco Pharma Limited,OM INVESTMENTS,BUY,142456,263.42,-
27-AUG-2010,PPAP,Precision Pipes And Profi,FE SECURITIES PVT. LTD.,BUY,135,102.65,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,ALFA FISCAL SERVICES PVT LTD,BUY,118466,194.32,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,ALIVE CONSULTANTS ALIVE,BUY,117429,194.84,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,ARCHITA C GADA,BUY,107000,196.87,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,BLUE PEACOCK SECURITIES PVT LT,BUY,208460,198.80,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,BP FINTRADE PRIVATE LIMITED,BUY,133569,209.53,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,113548,196.69,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,1103355,190.76,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,DINESH MUNJAL(HUF),BUY,195437,196.67,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,EXCEL STOCK BROKING PRIVATE LIMITED,BUY,96295,197.83,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,G RAMAKRISHNA,BUY,226372,195.33,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,GENUINE STOCK BROKERS PVT LTD,BUY,1075588,195.59,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,HARBUX SINGH SIDHU,BUY,235626,200.58,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,HARSH STOCK PORTFOLIO PRIVATE LIMITED,BUY,2364805,201.06,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,HEENA VORA,BUY,49500,190.94,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,BUY,161319,203.73,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,408362,197.97,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,537624,194.43,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,PREMSHANKER A MEHTA,BUY,100000,199.00,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,R APPALA RAJU,BUY,308000,198.87,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,TRANSGLOBAL SECURITIES LTD.,BUY,138206,193.63,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,VIJAY GAJANAND SALHEKAR,BUY,211000,217.83,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,VIJETA BROKING INDIA PRIVATE LIMITED,BUY,116583,197.10,-
27-AUG-2010,SURANAT&P,Surana Telecom and Pow Lt,DESHNA PROFILES PVT LTD,BUY,200000,18.12,-
27-AUG-2010,SURYAPHARM,Surya Pharmaceutical Limi,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,137881,298.29,-
27-AUG-2010,SURYAPHARM,Surya Pharmaceutical Limi,VICHITER LATA,BUY,92486,298.74,-
27-AUG-2010,TRICOM,Tricom India Limited,KASAT SECURITIES PRIVATE LIMITED,BUY,40000,18.75,-
27-AUG-2010,TRICOM,Tricom India Limited,VINOD BIYANI,BUY,400000,17.97,-
27-AUG-2010,UMESLTD,Usha Martin Edu & Sol Ltd,KANCHAN CHHABRA,BUY,32686,51.28,-
27-AUG-2010,ZANDUREALT,Zandu Realty Limited,JANKI TEXTILE & INDUSTRIES LTD,BUY,4159,3093.67,-
27-AUG-2010,AJANTPHARM,Ajanta Pharma Ltd,CNB FINWIZ PRIVATE LIMITED,SELL,106073,243.86,-
27-AUG-2010,AJANTPHARM,Ajanta Pharma Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,85757,248.66,-
27-AUG-2010,ARCHIES,Archies Limited,TCG STOCK BROKING LTD,SELL,40287,136.00,-
27-AUG-2010,ASAL,Automotive Stampings and,AANIR SHARES SERVICES PRIVATE LIMITED,SELL,78578,143.66,-
27-AUG-2010,CAMLIN,Camlin Ltd.,BLUE PEACOCK SECURITIES PVT LT,SELL,524003,55.76,-
27-AUG-2010,CAMLIN,Camlin Ltd.,GENUINE STOCK BROKERS PVT LTD,SELL,450070,56.20,-
27-AUG-2010,CAMLIN,Camlin Ltd.,PACE STOCK BROKING SERVICES PRIVATE LIMITED,SELL,390416,55.00,-
27-AUG-2010,CAMLIN,Camlin Ltd.,RAVI SHANKARAN,SELL,241000,54.42,-
27-AUG-2010,CAMLIN,Camlin Ltd.,TRANSGLOBAL SECURITIES LTD.,SELL,349486,54.94,-
27-AUG-2010,ECEIND,ECE Industries Limited,KESORAM INDUSTRIES LTD,SELL,967383,140.00,-
27-AUG-2010,FCSSOFT,FCS Software Solutions Li,VORA BHAVIK PRAFULCHANDRA,SELL,5300000,2.31,-
27-AUG-2010,HANUNG,Hanung Toys and Textiles,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,134835,289.59,-
27-AUG-2010,ITI,ITI Ltd.,MHS FINSTOCK LTD,SELL,25000,43.79,-
27-AUG-2010,JINDALPHOT,Jindal Photo Limited,BLUE PEACOCK SECURITIES PVT LT,SELL,52983,280.69,-
27-AUG-2010,JINDALPHOT,Jindal Photo Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,136044,283.87,-
27-AUG-2010,JINDALPHOT,Jindal Photo Limited,R APPALA RAJU,SELL,58000,282.29,-
27-AUG-2010,JUPITER,Jupiter Bioscience Ltd,ELARA CAPITAL PLC,SELL,125000,108.00,-
27-AUG-2010,JUPITER,Jupiter Bioscience Ltd,ELARA CAPITAL PLC -DR,SELL,125000,108.00,-
27-AUG-2010,JUPITER,Jupiter Bioscience Ltd,ELARA INDIA OPPORTUNITIES FUND LIMITED(DR),SELL,125000,108.00,-
27-AUG-2010,JUPITER,Jupiter Bioscience Ltd,RAJ FINVEST,SELL,112891,108.82,-
27-AUG-2010,KAMATHOTEL,Kamat Hotels (I) Ltd,BP FINTRADE PRIVATE LIMITED,SELL,76399,124.75,-
27-AUG-2010,KAMATHOTEL,Kamat Hotels (I) Ltd,RAMAVAT STOCKS PRIVATE LIMITED,SELL,67140,124.96,-
27-AUG-2010,LUMAXAUTO,Lumax Automotive Systems,BP FINTRADE PRIVATE LIMITED,SELL,51422,57.15,-
27-AUG-2010,LUMAXAUTO,Lumax Automotive Systems,RAHUL DOSHI,SELL,155390,57.51,-
27-AUG-2010,LUMAXAUTO,Lumax Automotive Systems,SVS SECURITIES PVT. LTD.,SELL,43142,56.02,-
27-AUG-2010,LUMAXAUTO,Lumax Automotive Systems,VAIBHAV DOSHI STOCKS AND COMMODITES PRIVATE LIMITED,SELL,40012,57.54,-
27-AUG-2010,NATCOPHARM,Natco Pharma Limited,OM INVESTMENTS,SELL,142456,263.62,-
27-AUG-2010,PPAP,Precision Pipes And Profi,FE SECURITIES PVT. LTD.,SELL,130224,105.93,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,ALFA FISCAL SERVICES PVT LTD,SELL,118466,194.72,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,ALIVE CONSULTANTS ALIVE,SELL,117428,195.09,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,ARCHITA C GADA,SELL,107000,196.89,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,BLUE PEACOCK SECURITIES PVT LT,SELL,208460,199.14,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,BP FINTRADE PRIVATE LIMITED,SELL,133575,209.57,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,SELL,113548,197.70,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,1103105,192.95,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,DINESH MUNJAL(HUF),SELL,195437,196.59,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,EXCEL STOCK BROKING PRIVATE LIMITED,SELL,96295,197.31,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,G RAMAKRISHNA,SELL,226372,194.01,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,GENUINE STOCK BROKERS PVT LTD,SELL,1075588,196.03,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,HARBUX SINGH SIDHU,SELL,235626,200.38,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,HARSH STOCK PORTFOLIO PRIVATE LIMITED,SELL,1884805,209.44,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,HEENA VORA,SELL,99500,211.94,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,KALASH SHARES & SECURITIES PRIVATE LIMITED,SELL,165318,203.10,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,MANIPUT INVESTMENTS PVT. LTD.,SELL,408362,198.06,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,536224,194.77,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,PREMSHANKER A MEHTA,SELL,50000,209.90,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,R APPALA RAJU,SELL,308000,195.00,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,TRANSGLOBAL SECURITIES LTD.,SELL,138212,194.85,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,VIJAY GAJANAND SALHEKAR,SELL,211000,202.50,-
27-AUG-2010,PRAKASHSTL,Prakash Steelage Ltd,VIJETA BROKING INDIA PRIVATE LIMITED,SELL,116583,197.77,-
27-AUG-2010,RAMANEWS,Rama Newsprint and Papers,TMT VINIYOGAN LIMITED,SELL,375736,16.47,-
27-AUG-2010,SURYAPHARM,Surya Pharmaceutical Limi,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,137881,298.39,-
27-AUG-2010,SURYAPHARM,Surya Pharmaceutical Limi,VICHITER LATA,SELL,92486,298.95,-
27-AUG-2010,TRICOM,Tricom India Limited,KASAT SECURITIES PRIVATE LIMITED,SELL,410000,17.97,-
27-AUG-2010,UMESLTD,Usha Martin Edu & Sol Ltd,KANCHAN CHHABRA,SELL,157298,49.80,-

Global risk appetite holds key

Global risk appetite holds key for Indian stocks which have corrected after hitting fresh 2-1/2-year highs recently. Abundant global liquidity has ensured that inflows into Indian stocks rise whenever investors globally are in risk taking mode. Capital inflows help India fund its current account deficit.

In fact, the India growth story looks all the more promising when capital inflows spike. Indian firms have raised large sums of money over the past 1-1/2 year or so, to fund expansion plans and or to reduce debt. Foreign institutional investors (FIIs) have pumped in a net Rs 59142 crore in calendar 2010 so far, as per data from the Securities & Exchange Board of India (Sebi). This includes inflow of Rs 20098.70 crore in the primary market and Rs 39043.30 crore into the secondary equity market. The primary market data includes funds raised by share sales to qualified institutional buyers and initial public offers etc.
The Indian market is among the most expensive markets in the world due to investors believing that India will deliver a decade of sustained 8-9% GDP growth.
According the Reserve Bank of India, a combination of strong growth outlook for India and the probability of monetary exit being delayed by the advanced economies, could lead to acceleration of capital inflows, which will have to be managed, as in the past.
On the flip side, in the event of a global risk aversion caused by fears of a double-dip US recession or for that matter any other reason, FIIs may dump Indian stocks. The selling could be aggravated by redemption pressure at their home countries -- the US or Europe.
Domestic risk capital allocation behaviour also tends to be highly correlated to global markets. It may be recalled that during the global credit crisis in 2008-2009, the domestic financial system also suffered from risk aversion. Cost of capital spiked up and capital market funding almost came to grinding halt. Companies, particularly small and medium scale entities, with good business fundamentals suddenly lost access to capital, turning them into non-performing borrowers in the banking system.
If capital inflows slow down significantly or turn into outflows, the rupee could depreciate significantly and domestic liquidity environment will tighten. While the Reserve Bank of India (RBI) does respond with measures to offset decline in forex reserves by injecting liquidity, its response, by its very nature, has to be reactive with some damage to financial market confidence being inevitable.
The duration of global financial market risk aversion affecting capital inflow trend is important. If the risk aversion in global financial markets is for a short period of time, capital inflows to India will resume once risk appetite returns.
The fundamentals of the Indian economy remain strong, with resilient domestic demand.
Investors are keenly watching data on sowing for the kharif harvest. Overall, nearly 90% of the total normal kharif acreage was seeded till 20 August 2010 and the standing crops are reportedly in good shape. The southwest monsoon rains were 29% above normal in the week to 25 August 2010. There were good showers over Bihar, Jharkhand and West Bengal, where the seasonal rains were scanty until last week. This will help farmers in these areas grow coarse cereals, pulses and fodder.
The cumulative rainfall during the period from 1 June 2010 to 25 August 2010 was 2% below normal. Rainfall over the country as a whole for the second half (August to September) of the 2010 southwest monsoon season is likely to be normal, according to the India Meteorological Department (IMD). Quantitatively, rainfall for the country as a whole during the period August-September 2010 is likely to be 107% of long period average (LPA) with a model error of plus/minus 7%, according to the weather office.
The revival in monsoon rains has raised water level in reservoirs to 55% of capacity, up 6 percentage points in the past week. More water in reservoirs will boost the supply of hydropower, which shares for a quarter of India's total generation capacity, and help irrigate crops even after the monsoon season.
The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The weather office expects this year's monsoon rains to be at 102% of the long-period average. If the southwest monsoon for the June-September monsoon season turns out good and if it is well distributed, it will help raise farm output, boost rural incomes and lower food inflation.
The headline inflation eased in July 2010, fuelling expectations that the central bank may lessen the scale and pace of increase in interest rates. The Reserve Bank of India will undertake a mid-quarter monetary policy review on 16 September 2010, as per schedule. Finance Minister Pranab Mukherjee said this month rising prices were a cost of rapid economic growth.
Auto and cement stocks will be in focus next week as companies from these two sector start announcing sales volumes for August 2010, from Wednesday, 1 September 2010.
On the macro front, the government will unveil data on GDP growth for Q1 June 2010 on Tuesday, 31 August 2010. The economy expanded an annual 8.6% in Q4 March 2010.
HSBC's manufacturing Purchasing Manager's Index (PMI) for August 2010 will be out on Wednesday, 1 September 2010. The manufacturing PMI had edged up to 57.6 in July 2010 from 57.3 in June 2010, when it slipped from a multi-year high.
HSBC will also, later, unveil the services sector PMI for August 2010. The index, which shows business activity in the services sector, had eased to 61.7 in July 2010 from 64 in June 2010.

Sensex snaps three-week rise on weak global stocks

The key benchmark indices edged lower in the week ended Friday, 27 August 2010, halting a three-week rising trend, on weak global cues. Markets across the globe were gripped under selling pressure on worries about the pace of the economic recovery in the US, the world's biggest economy. The Sensex declined in three out of the five trading days of the week. The BSE Sensex fell below the psychological 18,000 mark while the S&P CNX Nifty retraced from 31-month high. Shares of Prakash Steelage made a strong debut on Wednesday, 25 August 2010.

Volatility was high during the week as traders rolled positions in the derivatives segment from the August 2010 series to September 2010 series. The August 2010 derivatives contracts expired on Thursday, 26 August 2010.
The Union Cabinet on 26 August 2010 approved a new set of direct tax rules that propose to raise income tax exemption limit from 1.6 lakh to 2 lakh, leaving more money in the hands of individuals, and a lower tax rate for companies. The much-awaited Direct Taxes Code, or DTC, Bill, which seeks to replace the nearly 50-year-old income tax law, is likely to be introduced in Parliament on Monday, 30 August 2010, and may then be referred to a select committee of members of both houses of Parliament.
The basic exemption limit is proposed to be raised to 2 lakh from the current 1.6 lakh and corporate tax rate for both domestic and foreign companies is proposed at 30%, finance minister Pranab Mukherjee said after the meeting of the Union Cabinet. Senior citizens and women will enjoy a higher exemption of up to 2.5 lakh. There will be no surcharge or cess on companies, thereby bringing the corporate tax rate to 30% from present 34%. The new changes in the tax rates, expected to come into effect from 1 April 2011, could lead to some loss in revenue and raise the government's deficit.
The new code proposes three income tax slabs -- income of up to 2-5 lakh will face 10%, 5-10 lakh will attract 20% and income over 10 lakh will face tax at the rate of 30%. The housing loan exemption of 1.5 lakh would also be available to individual taxpayers on the interest component.
However, the government proposes to raise the minimum alternate tax (MAT) on book profits to 20% from current 18%. The move will be a big blow for Reliance Industries (RIL) and a host of IT and infrastructure companies that pay MAT.
The lower house of parliament on 25 August 2010 approved a landmark bill to open up the country's $150 billion nuclear power market, after the government agreed to tougher provisions that an industry group said would hamper the sector's growth. The bill was initially opposed by the opposition Bharatiya Janata Party as inadequate in terms of accident compensation and too soft on private firms. But, the party came around after the Congress party-led coalition agreed to several amendments.
Food inflation declined further in the middle of this month even as prices of fuels remained steady, government data showed on 26 August 2010. Inflation in the Food Articles group stood at 10.05% for the week ended 14 August 2010, versus 10.35% in the previous week, the Commerce & Industry Ministry said. Inflation in the Primary Articles group stood at 14.75% in the week under review as against 14.85% in the week ended 7 August 2010. Inflation in the Fuel & Power group was unchanged at 12.57%. But, inflation in the Non-food Articles group rose to 22.20% from 21.70% in the preceding week.
The cumulative rainfall during the period from 1 June 2010 to 25 August 2010 was 2% below normal. Rainfall over the country as a whole for the second half (August to September) of the 2010 southwest monsoon season is likely to be normal, according to the India Meteorological Department (IMD). Quantitatively, rainfall for the country as a whole during the period August-September 2010 is likely to be 107% of long period average (LPA) with a model error of plus/minus 7%, according to the weather office.
The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector.
The Indian government on 23 August 2010 announced a bagful of stimulus measures in the latest review of the Foreign Trade Policy. To spur exports, Commerce and Industry Minister Anand Sharma announced a six-month extension of the Duty Entitlement Pass Book scheme (DEPB). The DEPB, which neutralises the incidence of duties, was supposed to expire on 31 December 2010. It will now expire on 30 June 2011. The additional export incentives will cost the government over Rs 1000 crore, Sharma said.
The Reserve Bank of India (RBI) said in its annual report for 2009-2010 released on 24 August 2010, that the relative price variability has declined since November 2009 despite inflation remaining high, which indicates that the inflation has become increasingly generalised, and hence, requiring appropriate monetary policy actions to anchor inflation expectations. Persistent large fiscal deficit has several adverse macroeconomic risks, ranging from higher inflation to lower savings, crowding-out pressures on private investment, decline in potential output, and worsening of external imbalances, the RBI said in the report.
Trade Secretary Rahul Khullar on 24 August 2010 said India's trade deficit for the current fiscal year that ends in March 2011 is expected to be at least $120 billion. Any deficit of the order of $120 billion is serious, but as long as it does not go over the top it can be financed, Khullar said. The trade deficit for July 2010 is seen at $12.93 billion.
The latest data from global fund tracker EPFR Global showed investors have become cautious about emerging market equities, an asset class that has been a standout for the past year. Global emerging market equity funds had net inflows of $322 million in the week ended 25 August 2010, the lowest total since a streak of inflows began 13 weeks ago. Asia-Pacific equity funds were relatively hard hit, posting outflows of $289 million for the week, on fears a US slowdown would hurt the region's exporters.
The BSE Sensex lost 403.41 points or 2.19% to 17,998.41, in the week ended 27 August 2010. The 50-unit S&P CNX Nifty fell 121.95 points or 2.20% to settle at 5408.70.
The BSE Mid-Cap index declined 186.49 points or 2.38% to 7,634.71 and the BSE Small-Cap index slipped 234.81 points or 2.38% to 9,640.95 in the week. Both these indices underperformed the Sensex.
Trading for the week started on a lackluster note with the key benchmark indices posting tiny gains on Monday, 23 August 2010. The BSE 30-share Sensex rose 7.53 points or 0.04% to 18,409.35. The S&P CNX Nifty rose 12.85 points or 0.23% to 5,543.50, its highest closing since 18 January 2008.
Fears of a slowdown in global growth spooked equity and commodity markets across the globe including Indian stocks on Tuesday, 24 August 2010. The BSE 30-share Sensex was down 97.76 points or 0.53% to 18,311.59 and the S&P CNX Nifty was down 38.40 points or 0.69% to 5,505.10.
The key benchmark indices edged lower on weak global cues in what was a choppy trading session on Wednesday, 25 August 2010. The BSE 30-share Sensex lost 131.95 points or 0.72% to 18,179.64 and the S&P CNX Nifty was down 42.75 points or 0.78% to 5,462.35.
Market eked out small gains amid high volatility on Thursday, 26 August 2010, on bargain hunting after a two day slide. The BSE 30-share Sensex rose 46.71 points or 0.26% to 18,226.35 and the S&P CNX Nifty was up 15.55 points or 0.28% to 5,477.90.
The key benchmark indices slumped on Friday, 27 August 2010, as investors fretted over the pace of the economic recovery in the US, the world's biggest economy. The BSE 30-share Sensex lost 227.94 points or 1.25% to 17,998.41 and the S&P CNX Nifty was down 69.20 points or 1.26% to 5,408.70.
From the 30-share Sensex pack, 23 stocks declined while the rest of them gained.
High beta infrastructure stocks were hard hit in the week ended 27 August 2010 on selling pressure as the market underwent correction.
India's largest dam builder by sales Jaiprakash Associates lost 9.21% to Rs 111.90 and was the top loser from the Sensex pack. India's largest private sector utility firm by sales Reliance Infrastructure dropped 8.19% to Rs 982 and was the second biggest loser from the Sensex pack.
India's largest private sector aluminium maker by sales Hindalco Industries declined 8.09% to Rs 163.55 and was the top third biggest loser from the Sensex pack. The stock turned ex-dividend on 24 August 2010, for a dividend of Rs 1.35 per share for the year ended March 2010
Other major losers from Sensex pack were DLF (down 7.54%), Hero Honda Motors (down 6.86%), and Sterlite Industries (down 4.91%).
Index heavyweight Reliance Industries (RIL) slipped 3.89% to Rs 949.75. Reportedly the stock market regulator Securities & Exchange Board of India has rejected a second attempt by RIL to settle charges of insider trading out of court. Sebi will continue its investigation into trades carried out by entities allegedly linked to RIL, in November 2007.
India's largest oil exploration firm by sales Oil & Natural Gas Corporation (ONGC) gained 4.73% to Rs 1317.65.
India's largest cellular services provider by sales Bharti Airtel rose 1.95% to Rs 316.20 and was the second biggest gainer from the Sensex pack. The company has won the rights to sponsor all cricket series played in India until 2013 and will pay $700,000 per match.
India's largest power generation firm by capacity NTPC advanced 1.40% to Rs 195.95 after India's power minister said the company will be duly compensated for the cancellation of its 600 megawatt hydro-power project at Uttarakhand. It was the third biggest gainer from the Sensex pack.
India's largest bank by net profit and branch network State Bank of India (SBI) rose 0.70% to Rs 2803.10. SBI said on Saturday, 21 August 2010 it will issue a total of 1,14,606 shares to shareholders of State Bank of Indore, which will be merged with SBI. The minority shareholders of State Bank of Indore will get 34 SBI shares for every 100 State Bank of Indore shares held.
Shares of associate banks of SBI surged on reports of a possible merger with the parent bank State Bank of India. State Bank of Bikaner & Jaipur (up 30.35%), State Bank of Mysore (up 26.70%), and State Bank of Travancore (up 17%), surged.
ACC (up 0.17%), Jindal Steel & Power (up 0.11%), and Bhel (up 0.03%), were the other gainers from the Sensex pack.
Shares of Prakash Steelage, manufacturer of seamless & welded stainless steel pipes and tubes, settled at Rs 187.95 on BSE, on 25 August 2010, at a premium of 70.8% over the initial public offer (IPO) price of Rs 110. The stock debuted at Rs 118.55, a 7.7% premium over the initial public offer price.

Banking, realty stocks lead decline

The key benchmark indices slumped on worries over the pace of the US economic recovery. US is the world's biggest economy. IT stocks fell after the Union Cabinet approved the new Direct Taxes Code bill wherein it proposed a hike in the rate of minimum alternate tax (MAT) on book profits to 20% from the prevailing 18%. Realty, metal and consumer durables stocks reversed initial gains. Banking stocks fell across the board. But, PSU OMCs rose. The market breadth was weak, in contrast with a strong breadth in mid-morning trade.

Index heavyweight Reliance Industries (RIL) edged lower after a hike in the rate of minimum alternate tax. The BSE 30-share Sensex lost 227.94 points or 1.25%, off close to 250 points from the day's high and up close to 55 points from the day's low. The Sensex fell below the psychological 18000 mark. Except the BSE Oil & Gas index, all the other sectoral indices on BSE fell.
Intraday volatility was high. The market recovered from lower level at the onset of the trading session. The intraday recovery gathered strength in morning trade as Asian stocks came off lows, led by recovery in Japanese shares. The market moved between positive and negative zone after hitting fresh intraday high in mid-morning trade. The Sensex hit a fresh intraday high mid-morning trade. The market once again slipped into the red later. The market extended losses to hit fresh intraday lows in mid-afternoon trade as European stocks extended initial losses and as US index futures reversed initial gains. The market slumped in late trade.
NSE's volatility index, India VIX, a gauge of traders' perception of near-term risks in the market based on options prices, jumped 14.86% to 19.63. The index had lost 9.67% at 17.09, on Thursday, 26 August 2010, a day after it had risen 11.36% to 18.92 on Wednesday, 25 August 2010. The index had lost 0.88% to 16.99 on Tuesday, 24 August 2010. India VIX is calculated based on the S&P CNX Nifty options prices. India VIX is a measure of the market's expectation of volatility over the next 30 calendar days.
The latest data from global fund tracker EPFR Global showed investors have become cautious about emerging market equities, an asset class that has been a standout for the past year. Global emerging market equity funds had net inflows of $322 million in the week ended 25 August 2010, the lowest total since a streak of inflows began 13 weeks ago. Asia-Pacific equity funds were relatively hard hit, posting outflows of $289 million for the week, on fears a US slowdown would hurt the region's exporters.
The finance ministry and the Reserve Bank of India (RBI) have reportedly started discussions to raise the cap on foreign fund investments in debt from $20 billion a year. The talks come at a time when India needs strong capital inflows to finance a high current account deficit, a newspaper report said. Foreign institutional investors (FIIs) are currently allowed to invest up to $20 billion every year in bonds -- $15 billion in government bonds and $5 billion in corporate bonds. They have poured in $16 billion this fiscal, reports suggest. The limit on investment in government bonds has already been reached, as per reports.
Meanwhile, the Union Cabinet on Thursday approved a new set of direct tax rules that propose to raise income tax exemption limit from 1.6 lakh to 2 lakh, leaving more money in the hands of individuals, and a lower tax rate for companies. The much-awaited Direct Taxes Code, or DTC, Bill, which seeks to replace the nearly 50-year-old income tax law, is likely to be introduced in Parliament on Monday, 30 August 2010, and may then be referred to a select committee of members of both houses of Parliament.
The basic exemption limit is proposed to be raised to 2 lakh from the current 1.6 lakh and corporate tax rate for both domestic and foreign companies is proposed at 30%, finance minister Pranab Mukherjee said after the meeting of the Union Cabinet. Senior citizens and women will enjoy a higher exemption of up to 2.5 lakh. There will be no surcharge or cess on companies, thereby bringing the corporate tax rate to 30% from present 34%. The new changes in the tax rates, expected to come into effect from 1 April 2011, could lead to some loss in revenue and raise the government's deficit.
The new code proposes three income tax slabs -- income of up to 2-5 lakh will face 10%, 5-10 lakh will attract 20% and income over 10 lakh will face tax at the rate of 30%. The housing loan exemption of 1.5 lakh would also be available to individual taxpayers on the interest component.
However, the government proposes to raise the minimum alternate tax (MAT) on book profits to 20% from current 18%. The move will be a big blow for Reliance Industries (RIL) and a host of IT and infrastructure companies that pay MAT.
Investors are keenly watching data on sowing for the kharif harvest. Overall, nearly 90% of the total normal kharif acreage was seeded till 20 August 2010 and the standing crops are reportedly in good shape. The southwest monsoon rains were 29% above normal in the week to 25 August 2010. There were good showers over Bihar, Jharkhand and West Bengal, where the seasonal rains were scanty until last week. That will help farmers in these areas grow coarse cereals, pulses and fodder.
The cumulative rainfall during the period from 1 June 2010 to 25 August 2010 was 2% below normal. Rainfall over the country as a whole for the second half (August to September) of the 2010 southwest monsoon season is likely to be normal, according to the India Meteorological Department (IMD). Quantitatively, rainfall for the country as a whole during the period August-September 2010 is likely to be 107% of long period average (LPA) with a model error of plus/minus 7%, according to the weather office.
The revival in monsoon rains has raised water level in reservoirs to 55% of capacity, up 6 percentage points in the past week. More water in reservoirs will boost the supply of hydropower, which shares for a quarter of India's total generation capacity, and help irrigate crops even after the monsoon season.
The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The weather office expects this year's monsoon rains to be at 102% of the long-period average. If the southwest monsoon for the June-September monsoon season turns out good and if it is well distributed, it will help raise farm output, boost rural incomes and lower food inflation.
European stocks edged higher in volatile trade on Friday, as investors remained wary ahead of economic data that will give an insight into the health of the U.S. economy, and a speech on the economic outlook by Federal Reserve Chairman Ben Bernanke. The key benchmark indices in France, Germany and UK were up by between 0.06% to 0.13%.
Britain's economy grew faster than originally estimated in the second quarter of this year, hitting its fastest rate of growth in more than nine years, official data showed on Friday. The Office for National Statistics said the economy grew by 1.2% in the three months to June, up from its preliminary estimate of 1.1%.
Japanese stocks led a recovery in Asian stocks on Friday, 27 August 2010. The Nikkei 225 Average rebounded from a 1% loss earlier in the day to end 0.95% higher on hopes of government action to stem the rise in the yen. Shares of Japanese exporters rose as the yen declined on reports Japanese Prime Minister Naoto Kan is set to speak with reporters later in the day to discuss steps to boost the economy and possibly measures to ease the yen's recent strength.
Japanese Prime Minister Naoto Kan told reporters on Friday, 27 August 2010, that he was ready to take decisive action in currency markets when needed, news reports said. Kan said excessive currency moves can undermine financial stability and that he hoped the Bank of Japan would take appropriate steps on monetary policy, agency reports said. Japanese authorities have been seeking to arrest the rise of the soaring Japanese yen, which hit a 15-year high versus the US dollar earlier this week.
In other Asian markets, the key benchmark indices, China, Singapore and Taiwan were up by between 0.28% to 0.44%. But, some other Asian markets remained in the red as investors nervously awaited a speech by Federal Reserve Chairman Ben Bernanke later in the global day amid growing worries over the pace of the US economic recovery. The key benchmark indices in Hong Kong, Indonesia and South Korea were down by between 0.01% to 1.28%.
In US market action on Thursday, 26 August 2010, the Dow Jones Industrial Average closed below 10,000, a day ahead of an expected downward revision in US second-quarter economic growth and ahead of a speech by Federal Reserve Chairman Ben Bernanke. Stocks initially rose on data showing first-time claims for jobless benefits fell more than expected last week, but the number was still too high to signal a shift in the weak labor market. The Dow Jones Industrial Average fell 74.25 points, or 0.74% to 9,985.81. The Standard & Poor's 500 Index shed 8.11 points, or 0.77% to 1,047.22. The Nasdaq Composite Index lost 22.85 points, or 1.07% to 2,118.69.
Trading in US index futures indicated that the Dow could gain 32 points at the opening bell on Friday, 27 August 2010. US index futures swung between gains and losses
Closer home, on macro front, food inflation declined further in the middle of this month even as prices of fuels remained steady, the latest data showed. Inflation in the Food Articles group stood at 10.05% for the week ended 14 August 2010, versus 10.35% in the previous week, the Commerce & Industry Ministry said. Inflation in the Primary Articles group stood at 14.75% in the week under review as against 14.85% in the week ended 7 August 2010. Inflation in the Fuel & Power group was unchanged at 12.57%. But, inflation in the Non-food Articles group rose to 22.20% from 21.70% in the preceding week.
The Reserve Bank of India (RBI) said in its annual report for 2009-2010 released early this week that the relative price variability has declined since November 2009 despite inflation remaining high, which indicates that the inflation has become increasingly generalised, and hence, requiring appropriate monetary policy actions to anchor inflation expectations. Persistent large fiscal deficit has several adverse macroeconomic risks, ranging from higher inflation to lower savings, crowding-out pressures on private investment, decline in potential output, and worsening of external imbalances, the RBI said in the report.
In a globalised world, a congenial global economic environment and a sustainable balance of payments position are critical for achieving the policy goal of stable growth, the RBI said in the annual report. Despite lower trade deficit, the decline in invisibles surplus led to a higher current account deficit of 2.9% of GDP during 2009-10 as compared with 2.4% of GDP a year ago. A higher current account deficit led to stronger absorption of foreign capital, the RBI said.
Given the stronger growth outlook of India and the probability of monetary exit being delayed by the advanced economies, capital inflows could be expected to accelerate, which will have to be managed, as in the past, the central bank said. The government's borrowing programme for 2010-11 has to be managed, keeping in view the pressure on yield from the elevated inflation, gradual withdrawal of excess liquidity and stronger pick-up in the private sector credit demand, the RBI said.
Going forward, as the monetary position is normalised, addressing structural constraints in several critical sectors is necessary to sustain growth and also contain supply side risks to inflation. The Reserve Bank of India has stated its commitment to containing inflation through its calibrated monetary policy normalisation, with clarity on the direction of the policy rates in the near-term as well as timely actions in cautious steps based on careful assessment of risks to both inflation and growth.
The conduct of monetary policy of the Reserve Bank of India, while being driven by the domestic outlook, will have to recognise the possibility of sudden changes in the global outlook, the central bank said. While managing global shocks, India will also have to increase its resilience and productivity levels so as to strengthen its position in the global economy, the RBI annual report said.
The infrastructure gap of India, both in relation to other major countries and its own growing demand, has been a key factor affecting the overall productivity of investments. The requirement of high initial capital outlay, that too over longer terms, necessitates measures to address the financing constraint to capacity expansion in infrastructure, the central bank said.
Bond yields declined today, 27 August 2010. The yield on the benchmark 10-year 2020 bond was hovering at 7.97%, lower than Thursday's (26 August 2010) close of 8.03%. The yield on the second most traded, 8.13% 2022 bond was hovering at 7.98%, slightly higher than Thursday's (26 August 2010) close of 8%.
The Reserve Bank of India (RBI) at its Q1 monetary policy on 27 July 2010 raised a key lending rate by 25 basis points to curb surging inflation. With growth taking firm hold, the balance of policy stance has to shift decisively to containing inflation and anchoring inflationary expectations, the RBI said at that time. The RBI also at that time signaled its strong preference for tight liquidity, saying it would ensure that excess liquidity in the system doesn't dilute the effectiveness of policy-rate actions.
Coming back to stocks, foreign funds sold shares worth Rs 276.62 crore on Thursday, 26 August 2010, as per provisional data from the stock exchanges. Domestic funds bought shares worth Rs 38.93 crore on that day.
The BSE 30-share Sensex was down 227.94 points or 1.25% to 17,998.41. The Sensex rose 22.01 points at the day's high of 18,248.36 in mid-morning trade. The index fell 282.19 points at the day's low of 17,944.16 in late trade.
The S&P CNX Nifty was down 69.20 points or 1.26% to 5,408.70.
The market breadth, indicating the health of the market, was weak in contrast with positive breadth earlier in the day. On BSE, 2094 shares declined while 886 shares advanced. A total of 81 shares remained unchanged.
From the 30-share Sensex pack, 26 stocks declined while the rest of them advanced.
The BSE Mid-Cap index fell 0.95%, outperforming the Sensex. The BSE Small-Cap index fell 1.38%. It underperformed the Sensex.
BSE clocked turnover of Rs 5276 crore, higher than Rs 4862.55 crore on Thursday, 26 August 2010.
Index heavyweight Reliance Industries (RIL) fell 0.73% to Rs 949.75, with the stock falling for the fifth straight day. The stock hit a high of Rs 970 and a low of Rs 946.65. The government's proposal to raise the minimum alternate tax (MAT) on book profits to 20% from current 18% will affect the profitability of the company. RIL pays MAT.
Mukesh Ambani, chairman and promoter of Reliance Industries (RIL), recently restructured his shareholding in the company by transferring his 34% stake to a set of investment firms, which include a large number of limited liability partnerships (LLPs). The company or its promoters did not disclose the reason behind the rejig in shareholding of the promoter group. Reports suggested the move is aimed at streamlining the holding of various promoter groups in a tax-friendly manner.
Meanwhile, Reliance Industries is reportedly close to inking a deal with global hedge fund DE Shaw to launch a $700-$800 million infrastructure fund.
India's largest oil & gas exploration firm by sales ONGC rose 2.87% after the company discovered oil in a block on the western onshore basin, which the company had won under the sixth round of the New Exploration Licensing Policy. Meanwhile, the company's board approved investment of Rs 372.11 crore for development of BHE and BH-35 Area in western offshore. The stock was the top gainer from the Sensex pack.
PSU OMCs rose as crude oil fell, heading for its third weekly decline on lingering doubts over the outlook for US oil demand. US crude for delivery in October fell 17 cents to $73.19 a barrel, after touching an intraday trough of $70.76 on Wednesday, 25 August 2010, the lowest price since early June. Prices have slid about $10 from a peak near $83 on 4 August 2010.
HPCL, Indian Oil Corporation (IOC) and BPCL rose by between 1.29% to 1.89%. For Indian state-run oil refining and marketing firms, the recent steep fall in crude oil prices augurs well as it will reduce under-recoveries on domestic sale of diesel, LPG and kerosene at government controlled prices. The government recently decontrolled petrol prices.
Most metal stocks reversed initial gains. Sterlite Industries, Hindustan Zinc, Hindalco Industries, Steel Authority of India, Sesa Goa, Jindal Saw, JSW Steel, Jindal Steel & Power and National Aluminum Company fell by between 0.07% to 2.38%.
LMEX a gauge of six metals traded on the London Metal Exchange, rose 2.63% on Thursday, 26 August 2010.
Realty stocks reversed initial gains. Omaxe, HDIL, Anant Raj Industries, Unitech, Parsvnath Developers, Sobha Developers, Indiabulls Real Estate, DLF fell by between 0.35 % to 3.84%.
Shares of software exporters fell after the Union Cabinet approved the new Direct Taxes Code bill wherein it proposed a hike in the rate of minimum alternate tax on book profits to 20% from the prevailing 18%. India's second largest software services exporter by sales Infosys was down 1.98%, with stock falling for the second straight day. India's largest software services exporter by sales TCS fell 2.1%. India's third largest software services exporter Wipro was down 0.88%, with the stock falling for the fourth straight day.
Banking stocks fell on profit taking. India's largest bank by net profit and branch network State Bank of India fell 2.16%. Chairman O.P. Bhatt said on Wednesday, 25 August 2010, the bank has no plans to raise lending rates further in the short term.
Punjab National Bank, Bank of India and Bank of Baroda fell by between 1.66% to 3.37%.
India's largest private sector bank by net profit ICICI Bank fell 2.84%. India's second largest private sector bank by net profit HDFC Bank fell 1.7%, with the stock falling for the third straight day.
FMCG stocks also fell on profit taking. ITC, Hindustan Unilever, Nestle India, Marico, Dabur India and Britannia Industries fell by between 0.5% to 2.39%.
Consumer durables stocks reversed initial gains. Videocon Industries, Titan Industries, Gitanjali Gems, Blue Star and Rajesh Exports fell by between 0.14% to 3.36%.
Auto stocks reversed initial gains. Maruti Suzuki, India's top car maker by sales fell 0.73%. Maruti's marketing and sales chief Mayank Pareek on Thursday said the company is witnessing good sales this month.
India's top truck maker by sales Tata Motors fell 0.7%. Chief Executive Carl-Peter Forster on Thursday, 26 August 2010, said Tata Motors may raise up to $1 billion through a mix of instruments. Tata Motors had said in June it would raise about Rs 4700 crore through shares, bonds, debentures and other equity-linked instruments to cut debt and grow its business
India's largest bike maker by sales Hero Honda Motors fell 3.18%. India's second largest bike maker by sales Bajaj Auto was flat.
India's top tractor maker by sales Mahindra & Mahindra fell 1.4%. The company recently signed a memorandum of understanding to buy a majority stake in troubled South Korean automaker Ssangyong
Cals Refineries clocked the highest volume of 2.47 crore shares on BSE. FCS Software (1.76 crore shares), Prakash Steelage (1.53 crore shares), Ispat Industries (1.15 crore shares) and Sanraa Media (1.11 crore shares) were the other volume toppers in that order.
Piramal Healthcare clocked the highest turnover of Rs 497.31 crore on BSE. Prakash Steelage (Rs 337.34 crore), Great Offshore (Rs 179.06 crore), Tata Steel (Rs 135.64 crore) and Reliance Industries (Rs 127.22 crore) were the other turnover toppers in that order.

Sensex ekes out slim gains...FMCG shares rally

The Indian market closed marginally higher on Thursday but not without some high drama towards the end of the session when key indices suddenly turned red only to rebound equally faster.

Overnight gains on Wall Street and positive trend across Asian markets set the tone early in the morning. The key indices held on to the moderate gains for most part of the session before turning choppy in afternoon.
"Thankfully for the bulls the close wasn't all that bad after two successive days of declines. The afternoon volatility could be attributed to the expiry of August F&O contracts," says Amar Ambani, Vice-President - Research, India Private Clients, IIFL. The last trading day of a derivative settlement generally leads to intraday swings in the equity markets.
"Going forward, the undertone is likely to remain cautiously optimistic for India. But, global markets could continue to be choppy amid mounting worries over economic recovery in key regions, especially the US," he added.
The BSE Sensex closed at 18,218, up 38 points over the previous close. It had earlier been as high as 18,261 and as low as 18,159 after opening at 18,194.
The NSE Nifty was up by nearly 15 points at 5,478 after touching a low of 5,454 and a high of 5,486. It had opened at 5,462.
The BSE Small-Cap index and the BSE Mid-Cap index closed nearly flat.
In terms of sectors, FMCG and Power indices on the BSE led the rise today.
Banking, PSUs, Capital Goods and Auto indices were marginally up. Select IT, Pharma, Metal, Consumer Durables, Oil & Gas and Realty stocks were in the red.
NTPC, DLF, ITC, SBI, HDFC, Bharti Airtel, Jindal Steel, Tata Power, ABB, Power Grid, Gail, and BPCL were among the top winners in the Sensex and the Nifty.
RCOM, RIL, Sterlite, HUL, Suzlon, RPower, Cairn India, IDEA and Sun Pharma were among the big losers in the main indices.
Japanese stocks rise as yen weakens

Stocks set to begin lower

Headlines for the day:
Direct tax code gets Cabinet nod
Tata Power may buy 50% stake in InterGen
Mumbai-based firm to form JV for gas logistics

Events for the day:
Major corporate action
Ex-date for stock split of Lupin
Ex-date for final dividend of National Aluminium Co
For more events and news, log on to Sharekhan.com
Updates on global events
The US continuing claims for the week ended August 142010 stood at 4,456,000 as compared to 4,518,000 seen in the previous week.
The US initial claims for the week ended August 21, 2010 stood at 473,000 as compared to 504,000 seen in the previous week.
Pre-market report
Global signals
The European shares bounced back on Thursday (August 26, 2010) from a five-week closing lows a day earlier helped by encouraging company results and soothing economic numbers, though the rally appeared fragile as volumes remained thin.
The US stocks sagged on Thursday and the Dow closed below 10,000 a day ahead of an expected downward revision in US second-quarter economic growth and a major speech by Federal Reserve Chairman Ben Bernanke.
The Asian markets were trading lower, following the overnight Wall Street losses. SGX Nifty was trading 12 points lower, suggesting to have a negative start on the Indian bourses.
Indian Indices
The Indian markets rebounded in the previous session after two-day of heavy losses. However, the Sensex and the Nifty have lost 176 and 52 points in their last four trading sessions of the week on global economic worries.
Going into today's session, the Indian markets may be dragged lower at the start on account of unhealthy global cues. The negative news pouring from the global markets on concerns over the global economic recovery may keep the investors cautious and sideway trend is expected to continue.
Commodity cues
The oil advanced for a second day on Thursday after a modest improvement in US jobs data eased some concerns about the economy, as the crude oil futures for October delivery rose by $0.84, to settle at $73.36 a barrel.
Daily trend of FII/MF investment in equities
The foreign institutional investors (FIIs) were in selling mode as they sold Indian equities worth a net of Rs290.40 crore on August 26, 2010, as compared to the net buyers of Rs903.30 crore on August 25, 2010.

Grey Market Premiums - Latest - Aug 27 2010

Gujarat Pipavav Port
42 to 48
Premium : 6 to 7

Larsen and Toubro (L&T) bags order worth Rs 1195 crore

Larsen and Toubro (L&T) has bagged two projects worth Rs 1195 crore from ONGC to set up Additional Processing Units at its Gas Processing complexes at Hazira and Uran.

The Additional Processing Units (APU) project at Uran complex shall enhance the Gas Processing capacity at the Uran complex by 5 MMSCMD. New facilities to be setup include a Gas Sweetening Unit (GSU), LPG Recovery Unit (LPG), Condensate Fractionation Unit (CFU), Condensate Handling Unit (CHU) and other utilities.

The Additional Gas Processing Facilities (AGPF) project for Hazira complex is for augmenting the Gas Processing capacity in the Hazira complex by 5.6 MMSCMD. New facilities to be set up include a Gas Sweetening Unit (GSU), Gas Dehydration Unit (GDU), Dew Point Depression Unit (DPDU) and offsite and utilities.

The scope of the contract includes Project Management, Residual Basic Design, Planning & Monitoring, Residual Process Engineering, Detailed engineering, Procurement, Supply, Fabrication, Manufacturing, Inspection, Transportation, Storage, Construction, Installation', Testing, Mechanical Completion, Pre-commissioning, Commissioning, Performance Guarantee run test and handing over of New Process Units, Offsite and Utilities to the owner.

The company made this announcement during the trading hours today, 23 August 2010.

Technofab Engg fixes IPO price band at Rs 230-240

Technofab Engineering, a power, oil and gas and industrial projects contractor, today said it plans to raise around Rs 69 crore through its IPO, the price band for which has been fixed at Rs 230-240.

The initial public offer (IPO) will open for subscription on June 29 and close on July 2.”We plan to raise around Rs 69 crore from the IPO to meet our long-term working capital requirements and to purchase construction equipments. The price band has been fixed at Rs 230-240,” Technofab Engineering’s Chairman and Managing Director Avinash C Gupta told reporters here.

The company would raise Rs 68.77 crore at the lower end of the price band and Rs 71.76 crore at its upper end.

The firm needs long-term working capital of at least Rs 30 crore and Rs 16 crore to purchase construction equipments, he said.

The issue comprises of a reservation of 50,000 equity shares of Rs 10 each for eligible employees. The issue will constitute 28.50 per cent of the issue paid-up equity capital of the company.

Technofab is engaged in the business of providing engineering procurement and construction (EPC) services, executing a wide-range of balance-of-plant (BoP) and electro-mechanical projects.

source: Business-Standard

JBF Industries

Investors with short-term trading perspective can consider investing in the stock of JBF Industries. It is apparent from the charts of the stock that since December 2008 low of Rs 26 it has been on a long-term uptrend, forming higher perks and higher bottoms. However, following a short-term corrective decline from the stock's 52-week high of Rs 168 recorded on April 22, the stock found support at it's key medium-term support level of Rs 125 in late May this year. Taking support the stock bounced up subsequently and it appears to have resumed its long-term uptrend. On Tuesday, the stock managed to close above its 50-day moving average by gaining almost 2 per cent with above average volume. The daily relative strength index (RSI) is on the brink of entering in to the bullish zone from the neutral region whereas the weekly RSI has re-entered in to this zone. Daily moving average convergence-divergence indicator is entering into the positive territory, reinforcing the bullish momentum. Moreover, the medium-term up trendline is intact. We are bullish on the stock from a short-term horizon. We expect it to move up further until it hits our price targets of Rs 148 or Rs 155 in the upcoming trading sessions. Short-term traders can buy the stock with stop-loss at Rs 137.
via BL

Asian stocks fade after magical Monday

Sentiments was nervous as traders eye US Fed meet amid lack of major data
Asian stocks slipped after yesterday's gains as wary investors sold their holdings following firm undertone in the US dollar and selling pressure in commodities. The sentiments was nervous as traders eyed the US Fed meet, which is starting later on today and lack of major economic data on the global front kept the downside pressure on throughout the session. This made stocks gave up yesterday's gains when the buying spree in the Asian markets as China signaled an end to the yuan's fixed rate to the dollar, boosting confidence in the global economic recovery and lifting the outlook for world exports.

The DOW futures steadied in positive territory after China upped the Yuan's daily mid-point against the dollar at the highest level since the July 2005 revaluation, making traders think that the People's Bank in China is effectively pushing for a stronger Yuan, as expected widely after the central bank said so in a statement over the weekends. However, the DOW futures slumped thereafter, as the dollar rose under 1.2300 and were last seen holding down 37 points.
The Japanese stocks ended in red as traders opted to lock in gains following recent rally that lifted the market to a 1-month high. The benchmark Nikkei 225 Index lost 125.12 points, or 1.22%, to 10,113, while the broader Topix index of all First Section issues was down 7.93 points, or 0.88%, to 895.
On the economic front, a statement released by the Cabinet Office revealed that it expects the Japanese economy to grow much faster than initially estimated in the current fiscal year. As per the statement, growth is now seen at 2.6% in the year to March 2011, up from the previous projection of 1.4%. For the fiscal 2011/12, the government estimate 2% growth. The upward projection was driven by rise in exports, especially to Asia. A recovery in capital spending as well as improving corporate profits also supported the revision.
The Australian stocks ended in negative territory as enthusiasm about China's move to let its yuan trade freely against the US dollar faded following weak closing on Wall Street in the previous session, making the market come off its five week highs. The benchmark S&P/ASX200 Index dropped 54.30 points, or 1.18% and closed at 4,558, while the All-Ordinaries Index ended at 4,581, representing a loss of 51.40 points, or 1.11%.
On the economic front, a statement released by the Australian Bureau of Agricultural and Resource Economics, or ABARE, revealed that commodity export earnings for the country are set to rise by 23.4% in 2010/11 to A$202.5 billion. "Reflecting continued recovery in the world economy, we are expecting growth in export earnings from the farm sector as well as the minerals and energy sector in 2010/11." said ABARE deputy executive director Paul Morris.
In China, markets reversed earlier losses as expectations for a stronger Yuan continued to drive investor demand. Stocks eked out small gains as selling pressure on resources and materials had a trigger effect, making Shanghai Composite add just 0.1% by the close.
In Mumbai, the key benchmark indices slumped to fresh intraday lows in late trade as European stocks extended losses and US index futures turned negative. Index heavyweight Reliance Industries (RIL) edged lower in volatile trade. Metal, banking and IT stocks fell. The BSE 30-share Sensex was provisionally down 127.95 points or 0.72%, up close to 20 points from the day's low. FMCG stocks rose. The market breadth was negative in contrast to a positive breadth earlier in the day.
In other markets, South Korea's Kospi shed 0.5%, Taiwan's Taiex slipped 0.3%, Hong Kong's Hang Seng Index lost 0.5%, New Zealand's NZX 50 pared 0.5% and Philippine shares slid lower by 0.2%.
In overnight trades, the US stocks were unable to sustain initial gains and turned lower over the course of the trading day on Monday, as news of China easing its currency policy raised concerns about increased costs for U.S. corporations and consumers. The major averages closed in red. The Dow edged down by 8.23 points or 0.1% to 10,442, the Nasdaq declined by 20.71 points or 0.9% to 2,289 and the S&P 500 slid by 4.31 points or 0.4% to 1,113.

BSE Bulk Deals to Watch - June 22 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
22/6/2010 526955 ABL Biotech SILVER GOLDEN PROPERTY DEVELOP FIN INVESTMENT LIMITED S 90000 20.01
22/6/2010 513401 Ashiana Ispat SATYA NARAYANA YADAV M S 38545 13.83
22/6/2010 522005 Austin Engr ALFA FISCAL SERVICES PVT LTD B 18303 100.56
22/6/2010 522005 Austin Engr ALFA FISCAL SERVICES PVT LTD S 18303 100.66

22/6/2010 531591 Bampsl Sec PRAKASHCHAND GUPTA B 450000 1.16
22/6/2010 531591 Bampsl Sec SUNILKUMAR GUPTA S 500000 1.16
22/6/2010 524663 Bharat Immun IFCI LIMITED S 200000 22.24
22/6/2010 511607 Birla Shloka SAAKSHI SHARES PVT LTD B 102056 80.64
22/6/2010 511607 Birla Shloka RAJ FINVEST B 154195 80.46
22/6/2010 511607 Birla Shloka SAAKSHI SHARES PVT LTD S 203432 79.77
22/6/2010 511607 Birla Shloka RAJ FINVEST S 154195 80.51
22/6/2010 500069 BNK Cap Markets BRIJNATH KHANDELWAL AND CO. B 37970 40.20
22/6/2010 531194 Brahmaputra Infra GAURAV AGRAWAL S 41140 112.10
22/6/2010 520115 Brakes Auto KAMALKANT TRIPATHI B 21778 8.57
22/6/2010 520115 Brakes Auto KUMAR GUPTA GAURAV S 20578 8.57
22/6/2010 531337 Channel Guide AMEE BHUPENDRA ZAVERI B 40000 15.69
22/6/2010 531270 Dazzel Conf DHARMESH KUMAR JAIN B 33000 29.45
22/6/2010 531270 Dazzel Conf RAJESH NAVLANI B 30000 29.95
22/6/2010 533104 GLOBUS SPR SMART EQUITY BROKERS PRIVATE LIMITED B 111125 161.62
22/6/2010 533104 GLOBUS SPR OPG SECURITIES P LTD B 191603 163.58
22/6/2010 533104 GLOBUS SPR WASATCH GLOBAL OPPORTUNI TIES FUND B 107102 161.38
22/6/2010 533104 GLOBUS SPR SMART EQUITY BROKERS PRIVATE LIMITED S 111125 161.68
22/6/2010 533104 GLOBUS SPR OPG SECURITIES P LTD S 191603 163.63
22/6/2010 531601 Gujarat Capital BHARAT G VAGHELA B 75000 68.40
22/6/2010 531601 Gujarat Capital RUSHIL CHETANBHAI TAMBOLI S 95000 68.40
22/6/2010 532770 Hanung Toys ELIA CONSTRUCTION PVT LTD B 133916 235.39
22/6/2010 532770 Hanung Toys ELIA CONSTRUCTION PVT LTD S 133916 234.70
22/6/2010 511682 IFL Promoters VEENA GUPTA B 35399 18.78
22/6/2010 511682 IFL Promoters LALESHWAR KUMAR RAUT B 35709 18.77
22/6/2010 511682 IFL Promoters OURS TRADING AND HOLDINGS PRIVATE LIMITED B 41901 18.79
22/6/2010 511682 IFL Promoters HITESH SHASHIKANT JHAVERI B 31161 18.80
22/6/2010 511682 IFL Promoters DMC INTERNATIONAL LTD B 30000 18.80
22/6/2010 511682 IFL Promoters CHIMANLAL MANEKLAL SECURITIES PVT.LTD B 18554 18.80
22/6/2010 511682 IFL Promoters VEENA GUPTA S 35399 18.80
22/6/2010 511682 IFL Promoters CHETAN DOGRA HUF S 17000 18.80
22/6/2010 511682 IFL Promoters OURS TRADING AND HOLDINGS PRIVATE LIMITED S 48901 18.80
22/6/2010 511682 IFL Promoters HITESH SHASHIKANT JHAVERI S 29362 18.77
22/6/2010 511682 IFL Promoters DMC INTERNATIONAL LIMITED S 25000 18.80
22/6/2010 511682 IFL Promoters SHARK COMMUNICATION PVT LIMITED S 30000 18.80
22/6/2010 526512 Interlink Petro INFRALINE TECHNOLIGES INDIA PRIVATE LIMITED S 43600 59.94
22/6/2010 520051 Jamna Auto AARKEN ADVISORS PRIVATE LIMITED S 220000 86.04
22/6/2010 530255 KAY Power BAMPSL SECURITIES LTD B 98972 18.08
22/6/2010 530255 KAY Power PRAKASHCHAND GUPTA B 73030 18.14
22/6/2010 530255 KAY Power PRAKASHCHAND GUPTA S 121641 17.96
22/6/2010 532967 Kiri Dyes WELL PROSPERING LIMITED (FDI) S 150000 530.07
22/6/2010 502250 Marathwada Refrac KUMAR SURENDER SARAF B 6000 459.83
22/6/2010 502250 Marathwada Refrac RAGHUHARI DALMIA S 6450 459.68
22/6/2010 590111 MASTER NARASIMHA RAO MANDAVALLI B 35500 34.07
22/6/2010 590111 MASTER GARIKIPATYS V B 29506 34.13
22/6/2010 590111 MASTER MALLIKHAR JUNARAO V B 51310 33.99
22/6/2010 590111 MASTER VENKATESH VADDEPALLY B 45478 33.90
22/6/2010 590111 MASTER MEDEPUDI NAGENDRA BABU S 36459 34.05
22/6/2010 590111 MASTER PABBATHIBADARI NARAYANA MURTHY S 39516 34.07
22/6/2010 590111 MASTER GOPALA KRISHNA BONAM S 49000 33.90
22/6/2010 590060 MK Exim MAHESHKUMAR HADVANIKARAN B 17350 50.31
22/6/2010 590060 MK Exim MAHESHKUMAR HADVANIKARAN S 17350 50.23
22/6/2010 531453 Mohit Inds HITESH SHASHIKANT JHAVERI B 37030 39.54
22/6/2010 531453 Mohit Inds HASMUKHLAL SHAH B 25700 39.09
22/6/2010 531453 Mohit Inds HITESH SHASHIKANT JHAVERI S 37044 39.72
22/6/2010 531453 Mohit Inds BP FINTRADE PRIVATE LIMITED S 26475 38.77
22/6/2010 532045 Nexxoft Info PRASAD AGENTS PVT LTD B 30000 44.13
22/6/2010 532045 Nexxoft Info HITESH SHASHIKANT JHAVERI B 40714 44.25
22/6/2010 532045 Nexxoft Info BP FINTRADE PRIVATE LIMITED B 37587 44.25
22/6/2010 532045 Nexxoft Info PRASAD AGENTS PVT LTD S 30000 44.25
22/6/2010 532045 Nexxoft Info HITESH SHASHIKANT JHAVERI S 35281 44.25
22/6/2010 532045 Nexxoft Info BP FINTRADE PRIVATE LIMITED S 44595 44.25
22/6/2010 531496 Omkar Overseas BHAVESH SHANTILAL TRIVEDI B 25700 84.61
22/6/2010 531496 Omkar Overseas OMPARKASH GUPTA B 29330 84.00
22/6/2010 531496 Omkar Overseas OMPARKASH GUPTA S 29330 83.87
22/6/2010 512097 Oregon Comm NILESH SURESHBHAI SHAH B 10000 387.15
22/6/2010 512097 Oregon Comm DARSHANKUMAR MUKUNDRAI DESAI S 8500 386.65
22/6/2010 531467 Polypro Fibrils AJAY RAVINDRA SHAH B 30605 38.61
22/6/2010 531467 Polypro Fibrils PRASHANT MAHADEV KAMBLE S 63779 38.55
22/6/2010 531467 Polypro Fibrils AJAY RAVINDRA SHAH S 31673 38.43
22/6/2010 503873 Priyadarshini Spn KAILASH JINDAL B 62500 38.30
22/6/2010 503873 Priyadarshini Spn JAG PAR SECURITIES LTD B 87740 39.44
22/6/2010 503873 Priyadarshini Spn PRADEEP KUMAR AGGARWAL S 105001 38.77
22/6/2010 532647 Provogue India NAILSFIELD LIMITED B 588600 53.40
22/6/2010 532647 Provogue India BENNETT COLEMAN & CO LTD S 587500 53.40
22/6/2010 590077 Ranklin Sol MALLIKHAR JUNARAO V B 30907 88.13
22/6/2010 590077 Ranklin Sol PULAVARTHI ANIL SEKHAR B 61020 90.67
22/6/2010 590077 Ranklin Sol ANJAIAH CHAKALI B 32000 83.84
22/6/2010 590077 Ranklin Sol PULAVARTHI ANIL SEKHAR S 74495 86.38
22/6/2010 526723 RDB Inds BIRMI DEVI B 60446 79.92
22/6/2010 526723 RDB Inds VORA BHAVIKPRAFUL CHANDRA B 170000 80.80
22/6/2010 526723 RDB Inds AAP INVESTMENTS B 154396 80.16
22/6/2010 526723 RDB Inds BIRMI DEVI S 60446 81.63
22/6/2010 526723 RDB Inds VORA BHAVIKPRAFUL CHANDRA S 170000 89.07
22/6/2010 526723 RDB Inds AAP INVESTMENTS S 154396 79.37
22/6/2010 531869 Sacheta Metals NILPA K PATEL B 50000 42.33
22/6/2010 531869 Sacheta Metals SANJAY POPATLAL SHAH S 40200 42.03
22/6/2010 526843 Seax Global NARENDRA VALLABHAJI BAHUVA B 115255 52.94
22/6/2010 526843 Seax Global NARENDRA VALLABHAJI BAHUVA S 115559 52.99
22/6/2010 519031 Shah Foods VISHAL AGARWAL B 15017 33.62
22/6/2010 531693 Shri Ganesh Spi CHANDRAKANT B SHAH B 310937 8.83
22/6/2010 590046 Smruthi Org BHARTIBEN R PATEL B 54340 105.45
22/6/2010 590046 Smruthi Org BHARTIBEN R PATEL S 54340 114.92
22/6/2010 531373 Suave Hotels HINDUSTAN CONTINENTAL LIMITED S 74788 28.30
22/6/2010 505978 Triton Valves KAMAL KUMAR DUGAR AND CO B 2325 2799.26
22/6/2010 505978 Triton Valves KAMAL KUMAR DUGAR AND CO S 2325 2841.90
22/6/2010 507880 VIP Inds GENUINE STOCK BROKERS PVT. LTD. B 147586 326.97
22/6/2010 507880 VIP Inds SMART EQUITY BROKERS PRIVATE LIMITED B 347337 326.73
22/6/2010 507880 VIP Inds CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 355016 317.82
22/6/2010 507880 VIP Inds OPG SECURITIES P LTD B 521217 327.04
22/6/2010 507880 VIP Inds GENUINE STOCK BROKERS PVT. LTD. S 147586 327.22
22/6/2010 507880 VIP Inds SMART EQUITY BROKERS PRIVATE LIMITED S 347337 327.10
22/6/2010 507880 VIP Inds CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 355016 319.08
22/6/2010 507880 VIP Inds OPG SECURITIES P LTD S 521217 327.40
22/6/2010 532867 Vishal Retl ALOK TANDON B 220100 68.60
22/6/2010 514348 Winsome Yarns SATYAM COMBINES PVT LTD S 3000000 1.95
22/6/2010 532648 Yes Bank LIFE INSURANCE CORPORATION OF INDIA B 6250000 263.00
22/6/2010 532648 Yes Bank CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED B 3064952 263.00
22/6/2010 532648 Yes Bank RABOBANK INTERNATIONAL HOLDING B V S 31050000 263.33