Sharekhan Weekly Report: Q3 earnings spell falls flat

Q3 earnings and strong index of industrial production (IIP) readings failed to enthuse investors and the Sensex ended the week mere 0.1% high, though continuing its gaining streak into fourth week straight. Volatility continued with the Sensex swinging 500 points during the week with a weekly high of 17776 and a low of 17276, before closing the week at 17554. Nifty closed at 5252, seven points lower than its previous week closing.
Infosys Technology’s Q3 earnings and outlook prepared the pitch for information technology stocks and the sector index, BSE IT, gained 9% over the week. BSE TECk, the second best performer of the week, advanced 6.74%. With odds of policy intervention by the Reserve Bank of India increasing with all talks of taming the run-away inflation and on improved industrial outlook, the BSE Bankex fell the most—by 2.27%, followed by BSE FMCG that shed 1.81% in the week.
We expect the market to remain volatile ahead of the third quarterly monetary policy 2009-10 review by the RBI on January 29, 2010. And the trend in the coming week will be set, to a good extent, by earnings results of India’s third-largest software exporter Wipro and India’s biggest company by market capitilisation Reliance Industries.

Market seeks cues

Today's major news
Wipro set to launch $1billion sponsored ADR offering; the stock closes 0.89% lower
UCO Bank Q3 net up by 43%; the stock shoots up 5.68%
HDFC Bank Q3 net profit rises by 31.6%; the stock rises 0.33%
IDBI Bank Q3 bottom line up by 29%; the stock surges 0.72%
AXIS Bank Q3 surges 31%; the stock jumps 1.52%.
Click here for more stories
Post-market summary
Global signals
European indices were trading marginally higher in morning trades, led by banking stocks. At the time of writing this report FTSE 100 was trading marginally higher by 0.17%.
Among major Asian indices, all the indices closed higher except Hang Seng and Straits Times that fell marginally. SGX Nifty closed 6 points lower.
US stock futures opened marginally lower on Thursday, as investors look forward to data related to industrial production for the month of December and capacity utilisation for the month of December.
Indian indices
The Sensex edged lower after moving between positive and negative territory earlier in the day. The Sensex that opened 20 points higher soon turned negative and swung between red and green. The day’s low was 17529, while the day’s high was 17640. At 17554, the Sensex closed the session 31 points lower. Nifty closed 8 points down at 5252.
Market sentiment
The market breadth was marginally negative. Of 2,994 stocks traded on the BSE, 1,508 stocks trailed whereas 1,420 stocks advanced. Sixty six stocks closed unchanged.
Sectoral & stock screening
Public sector units (PSU) drew bulls’ interest with the BSE PSU up by 2%. Realty scrips were also up with the BSE Realty up by meagre 0.73%. BSE Oil & Gas was down 0.94% followed by BSE CG that fell 0.60%.
Pubic sector entities were the star achievers of the day with Hindustan Copper up by 17.38% followed by NMDC up 12.23% and Rashtriya Chemicals and Fertilisers that was up by 6.78%. United Spirits slid the most by 4.05%, followed by Rei Agro that fell by 3.32% and GTL Infrastructure that shed 2.80%.
Viewing volumes
Public sector bank UCO Bank was the most actively traded share with over 0.71 crore shares changing hands on the BSE followed by wind turbine maker Suzlon Energy (0.64 crore shares), Ispat Industries (0.56 crore shares), India’s leading telecom operator Reliance Communications (0.47 crore shares) and Reliance Natural Resources (0.42 crore shares).

BSE Bulk Deals to Watch - Jan 15 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
15/1/2010 524412 Aarey Drugs DAXABEN VASANTKUMAR SHAH B 36342 53.47
15/1/2010 524412 Aarey Drugs PATEL APEXA JAGDISHBHAI B 37108 53.47
15/1/2010 524412 Aarey Drugs VARSHABEN NAVINBHAI SONI B 81671 53.22
15/1/2010 524412 Aarey Drugs DAXABEN VASANTKUMAR SHAH S 42328 53.21
15/1/2010 524412 Aarey Drugs PATEL APEXA JAGDISHBHAI S 36486 53.48
15/1/2010 524412 Aarey Drugs VARSHABEN NAVINBHAI SONI S 88998 53.25
15/1/2010 524412 Aarey Drugs PRAFULLABEN AMRUTBHAI SONI S 52148 53.26
15/1/2010 524412 Aarey Drugs BHAVINI VIJAYKUMAR SHAH S 34000 53.24
15/1/2010 524412 Aarey Drugs UTSAV NITINBHAI SHAH S 100000 53.49
15/1/2010 505216 Alfred Herbert CAMPHAR SEC.& ADV.P.LTD. B 4401 173.09
15/1/2010 505216 Alfred Herbert NATIONAL INSURANCE CO LTD S 10568 172.15
15/1/2010 505506 Axon Infotech UTTAM BHARAT BAGRI B 3800 26.85
15/1/2010 532380 Baba Arts GORDHAN PRABHUDAS TANWANI S 284151 12.42
15/1/2010 532609 Bharati Ship SMART EQUITY BROKERS PRIVATE LIMITED B 250576 335.53
15/1/2010 532609 Bharati Ship OPG SECURITIES P LTD B 242739 336.94
15/1/2010 532609 Bharati Ship JMP SECURITIES PVT LTD B 292204 341.81
15/1/2010 532609 Bharati Ship SMART EQUITY BROKERS PRIVATE LIMITED S 250576 335.94
15/1/2010 532609 Bharati Ship OPG SECURITIES P LTD S 242739 337.38
15/1/2010 532609 Bharati Ship JMP SECURITIES PVT LTD S 206640 340.32
15/1/2010 531144 EL Forge MULTI STOCK BROKING (P) LTD B 55732 36.11
15/1/2010 531144 EL Forge MULTI STOCK BROKING (P) LTD S 43177 34.64
15/1/2010 504351 Empower Inds KAUSHIK GANGARAM RATHOD B 59500 33.62
15/1/2010 504351 Empower Inds VINOD BHARAT SHINDE S 107500 33.67
15/1/2010 530337 Exelon Infra GANESH KUMAR DHANUKA B 25000 49.31
15/1/2010 590024 Fert & Chem Trv R B K SHARE BROKING LIMITED B 61451 48.06
15/1/2010 590024 Fert & Chem Trv R B K SHARE BROKING LIMITED S 70472 48.13
15/1/2010 532957 Gokak Textiles DALMIA SECURITIES PRIVATE LIMITED B 69025 50.60
15/1/2010 532957 Gokak Textiles NATIONAL INSURANCE CO.LTD. S 70000 50.61
15/1/2010 531439 Goldstone Tech BHARAT SHANTILAL THAKKAR S 97899 36.65
15/1/2010 531439 Goldstone Tech HEMANT MADHUSUDAN SHETH S 180000 36.74
15/1/2010 532836 Gremach Infra JYOTI PORTFOLIO LIMITED B 242775 38.48
15/1/2010 532836 Gremach Infra JYOTI PORTFOLIO LIMITED S 228655 38.48
15/1/2010 532764 Gwalior Chem ARONI COMMERCIALS LIMITED B 2296800 96.02
15/1/2010 532764 Gwalior Chem ROHIT ASHWIN KOTHARI B 200000 98.50
15/1/2010 532764 Gwalior Chem WINRO COMMERCIAL INDIA LIMITED S 1317900 96.00
15/1/2010 532764 Gwalior Chem JACQART FINANCIAL SERVICES LIMITED S 208900 98.00
15/1/2010 532764 Gwalior Chem SARASWATI COMMERCIAL INDIA LTD S 921700 96.00
15/1/2010 524080 Haryana Leather MAYUR NIRAV SHAH B 31577 18.40
15/1/2010 532808 House of Pearl ABHISHEK VIJAYKUMAR SHAH B 265837 94.50
15/1/2010 532808 House of Pearl ABHISHEK VIJAYKUMAR SHAH S 265837 94.65
15/1/2010 507438 IFB Agro RAVIRAJ DEVELOPERS LTD B 56503 96.12
15/1/2010 511682 IFL Promoters CENTENARY SOFTWARE PVT LTD B 15249 11.05
15/1/2010 511682 IFL Promoters DMC INTERNATIONAL LIMITED S 15400 11.00
15/1/2010 531025 Inca Finlease RASHEL AGROTECH S 19705 84.06
15/1/2010 509684 India Foils ESS DEE ALUMINIUM LTD S 203000 18.39
15/1/2010 532658 Indo Asian Fuse PKR HITECH INDUSTRIAL CORPORATION LLP B 110000 72.20
15/1/2010 532658 Indo Asian Fuse VPM INDUSTRIAL SERVICES CORPORATION LLP S 110000 72.20
15/1/2010 523467 Jai Mata Glass NARESH GUPTA B 75608 2.76
15/1/2010 523467 Jai Mata Glass CHIRAG MAHENDRA SHAH B 80670 2.73
15/1/2010 523467 Jai Mata Glass KEERTI RAJESH GUPTA B 85000 2.71
15/1/2010 523467 Jai Mata Glass CHANDRAKANT AHANSRAJ GUPTA B 75000 2.75
15/1/2010 523467 Jai Mata Glass GAYATRIDEVI RAJENDRAPRASAD TODI B 70000 2.85
15/1/2010 523467 Jai Mata Glass SHAILESH RAVJIBHAI PATEL B 75000 2.70
15/1/2010 523467 Jai Mata Glass GROWMORE PROPERTIES PVT LTD S 1348959 2.76
15/1/2010 523467 Jai Mata Glass NARESH GUPTA S 75608 2.78
15/1/2010 523467 Jai Mata Glass CHIRAG MAHENDRA SHAH S 80670 2.74
15/1/2010 523467 Jai Mata Glass JMP SECURITIES PVT LTD S 215000 2.85
15/1/2010 523467 Jai Mata Glass KUNTAL NARECHANIA S 150000 2.90
15/1/2010 530955 Kailash Ficom SHREE HARIVANSHA SEC PVT LTD B 53000 79.13
15/1/2010 511131 Kamanwala Hous NISHA SUMAN JAIN B 92000 63.00
15/1/2010 531363 Karur KCP TEJASH FINSTOCK PRIVATE LIMITED B 53781 58.29
15/1/2010 531363 Karur KCP TEJASH FINSTOCK PRIVATE LIMITED S 63919 58.61
15/1/2010 530255 KAY Power KAUSHALYA GARG B 95075 13.86
15/1/2010 532758 KEW Inds MUKESH MITTAL S 95950 18.55
15/1/2010 532758 KEW Inds AJAY GUPTA S 145000 18.54
15/1/2010 531892 Khandwala Sec ABHISHEK VIJAYKUMAR SHAH B 1932489 33.90
15/1/2010 531892 Khandwala Sec ABHISHEK VIJAYKUMAR SHAH S 1932489 33.97
15/1/2010 531731 Kuvam Intl VANITA BHALLA S 20000 49.45
15/1/2010 504258 Lakshmi Elect SAINATH HERBAL CARE MARKETING P.LTD S 29176 272.72
15/1/2010 531146 Medicamen Bio M/S LAXMI CAP BROKING PVT LTD B 100572 34.24
15/1/2010 504112 NELCO JMP SECURITIES PVT LTD B 169262 120.80
15/1/2010 504112 NELCO JMP SECURITIES PVT LTD S 166262 121.06
15/1/2010 590090 Octant Inter HANDFUL INVESTRADE PVT LTD B 185000 10.21
15/1/2010 590090 Octant Inter INDIUM HOME CARE PRIVATE LTD S 189596 9.65
15/1/2010 590090 Octant Inter RAJ KISHORE AGARWAL S 141600 9.70
15/1/2010 590090 Octant Inter HANDFUL INVESTRADE PVT LTD S 140304 10.21
15/1/2010 531996 Odyssey Corp ANAND GUPTA B 25000 35.25
15/1/2010 531996 Odyssey Corp MOON ENTERPRISES PVT LTD S 50000 35.49
15/1/2010 524689 Parenteral Drug SANGITA SUSHIL DIDWANIA B 50000 156.25
15/1/2010 524689 Parenteral Drug EUREKA CREDIT FINANCE PRIVATE LIMITED B 57000 167.25
15/1/2010 524689 Parenteral Drug PINNACLE TRADES & INVESTMENTS LTD. B 150000 155.10
15/1/2010 524689 Parenteral Drug HITESH SHASHIKANT JHAVERI B 55006 185.85
15/1/2010 524689 Parenteral Drug VENKATA SUBBARAJU PENMATSA HUF B 50000 184.00
15/1/2010 524689 Parenteral Drug NILU SANJAY PODDAR B 130000 155.00
15/1/2010 524689 Parenteral Drug JYOTSNA LAXMIKANT TANNA B 100000 155.00
15/1/2010 524689 Parenteral Drug SARVAPRATHAM INVESTMENT LIMITED B 235000 155.00
15/1/2010 524689 Parenteral Drug RAJNI TARUN JAIN B 200000 155.00
15/1/2010 524689 Parenteral Drug KADAYAM RAMNATHAN BHARAT B 175000 155.00
15/1/2010 524689 Parenteral Drug DHOOT INDUSTRIAL FINANCE LTD B 75000 155.00
15/1/2010 524689 Parenteral Drug DHANANJAYA MONEY MANAGEMENT SERVICES PVT LTD B 65869 183.99
15/1/2010 524689 Parenteral Drug MADHUKAR CHIMANLAL SHETH B 800000 155.00
15/1/2010 524689 Parenteral Drug PINNACLE TRADES & INVESTMENTS LTD. S 150000 180.23
15/1/2010 524689 Parenteral Drug TREE LINE ADVISORS (HONG KONG) LTD. A/C S 1970000 155.05
15/1/2010 524689 Parenteral Drug NILU SANJAY PODDAR S 107000 175.07
15/1/2010 511702 Parsharti Inv J M SONI CONSULTANCYJ M SONI CONSULTANCY B 35000 40.50
15/1/2010 511702 Parsharti Inv BHAVESH SHANTILAL TRIVEDI S 16850 40.65
15/1/2010 517417 Patels Airtmp BULBUL AHMED B 64916 90.54
15/1/2010 517417 Patels Airtmp BISHAL JAIN B 25675 86.21
15/1/2010 503873 Priyadarshini Spn PRADEEP KR AGGARWAL B 61262 19.13
15/1/2010 531273 Radhe Dev ASHISHBHAI PRAFULBHAI PATEL S 1400200 5.48
15/1/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA B 61675 36.29
15/1/2010 502587 Rama Pulp PARESH AMRUTLAL KOTAK B 48000 35.31
15/1/2010 502587 Rama Pulp DILIP SHANTILAL KANABAR S 48000 35.31
15/1/2010 502587 Rama Pulp MUMBAI STOCK BROKERS PVT LTD S 47818 35.86
15/1/2010 530271 Rich Capital SCOPE VYAPAR PRIVATE LIMITED B 100000 86.72
15/1/2010 530271 Rich Capital JHUNJHUNWALA VANASPATI LTD S 100000 86.72
15/1/2010 533083 RISHABHDEV MACORD ENEX B 200000 16.00
15/1/2010 533083 RISHABHDEV YOGESH JAISWAL B 439850 16.46
15/1/2010 533083 RISHABHDEV ARIHANT SEC & INVESTMENT B 202535 16.57
15/1/2010 533083 RISHABHDEV SARSWATI VINCOM LTD B 240000 16.25
15/1/2010 533083 RISHABHDEV KII LTD S 348771 16.29
15/1/2010 533083 RISHABHDEV MACORD ENEX S 200000 16.78
15/1/2010 533083 RISHABHDEV YOGESH JAISWAL S 472861 16.07
15/1/2010 533083 RISHABHDEV ARIHANT SEC & INVESTMENT S 202535 16.38
15/1/2010 533083 RISHABHDEV SARSWATI VINCOM LTD S 240000 16.00
15/1/2010 533083 RISHABHDEV KUVERA FUND LTD S 352000 16.25
15/1/2010 505141 Scooters India EDELVALUE PARTNERS B 12424 43.65
15/1/2010 532886 SEL Mfg Company SMART EQUITY BROKERS PRIVATE LIMITED B 86344 101.83
15/1/2010 532886 SEL Mfg Company TRANSGLOBAL SECURITIES LTD. B 130788 101.46
15/1/2010 532886 SEL Mfg Company OPG SECURITIES P LTD B 168980 101.77
15/1/2010 532886 SEL Mfg Company SMART EQUITY BROKERS PRIVATE LIMITED S 86344 101.93
15/1/2010 532886 SEL Mfg Company TRANSGLOBAL SECURITIES LTD. S 129788 100.98
15/1/2010 532886 SEL Mfg Company OPG SECURITIES P LTD S 168980 101.84
15/1/2010 530075 Selan Expl SMART EQUITY BROKERS PRIVATE LIMITED B 156748 435.58
15/1/2010 530075 Selan Expl OPG SECURITIES P LTD B 107208 446.71
15/1/2010 530075 Selan Expl INDIA INFOLINE INVESTMENT SERVICES LIMITED B 235000 370.00
15/1/2010 530075 Selan Expl SMART EQUITY BROKERS PRIVATE LIMITED S 156748 436.22
15/1/2010 530075 Selan Expl OPG SECURITIES P LTD S 107208 446.80
15/1/2010 530075 Selan Expl MAHAJAN AROON S 250000 370.08
15/1/2010 531645 Southern Ispat REASH RAJ PLASTICK PVTLTD B 100000 41.90
15/1/2010 531645 Southern Ispat USHMA KAUSHAL JHAVERI B 248493 42.00
15/1/2010 531645 Southern Ispat USHMA KAUSHAL JHAVERI S 248493 42.48
15/1/2010 531433 Sungold Cap KALPANA VASANTKUMAR THAKKAR B 31189 14.05
15/1/2010 512257 Swasti Vinay Gem POONAM BAGARIA B 208205 4.96
15/1/2010 512257 Swasti Vinay Gem ASHIRWAD SHELTERS PVT. LTD. S 200000 4.96
15/1/2010 532738 Tantia Constr STANDARD CHARTERED BANK (MAURITIUS) LIMITED A/C EMERGING IND S 85000 145.00
15/1/2010 530595 Telecanor Glob PURVESH MUKESHKUMAR SHAH S 60000 24.71
15/1/2010 533121 THINKSOFT A.K.G. STOCK BROKERS PVT. LTD. B 153886 434.99
15/1/2010 533121 THINKSOFT OPG SECURITIES P LTD B 98199 437.93
15/1/2010 533121 THINKSOFT A.K.G. STOCK BROKERS PVT. LTD. S 153886 435.12
15/1/2010 533121 THINKSOFT OPG SECURITIES P LTD S 98199 438.07
15/1/2010 531917 Twinstar Soft NARESH GUPTA B 95401 5.35
15/1/2010 531917 Twinstar Soft NARESH CHAND JAIN B 94085 5.33
15/1/2010 531917 Twinstar Soft NARESH GUPTA S 95401 5.40
15/1/2010 531917 Twinstar Soft NARESH CHAND JAIN S 94085 5.26
15/1/2010 530459 Valson Inds RAJESH GUPTA B 25000 30.31
15/1/2010 530459 Valson Inds MEENA TRADING B 20000 29.50
15/1/2010 530459 Valson Inds MEENA TRADING S 20000 29.49
15/1/2010 530459 Valson Inds SUNIL NANAKCHAND MUTREJA S 30000 30.03
15/1/2010 530459 Valson Inds NANDLAL NANKCHNAD MUTREJA HUF S 60000 29.50
15/1/2010 531249 Well Pack Papers SHOBHNABEN R PARMAR B 38056 396.21
15/1/2010 531249 Well Pack Papers PANDYA YAMINIBEN M B 52889 395.57
15/1/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR B 37652 395.22
15/1/2010 531249 Well Pack Papers AMAR PREMCHAND WALMIKI B 53000 392.29
15/1/2010 531249 Well Pack Papers SHOBHNABEN R PARMAR S 26167 398.68
15/1/2010 531249 Well Pack Papers PANDYA YAMINIBEN M S 51105 393.64
15/1/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR S 31913 392.74
15/1/2010 531249 Well Pack Papers SHREEDHAR YELLAIAH KODAM S 26500 392.94
15/1/2010 531249 Well Pack Papers NAVNATH SAKHARAM GHONE S 24500 392.93
15/1/2010 522029 Windsor Mach HITESH SHASHIKANT JHAVERI S 75628 43.01
15/1/2010 532795 Wire & Wireless A.K.G. STOCK BROKERS PVT. LTD. B 1231606 21.38
15/1/2010 532795 Wire & Wireless A.K.G. STOCK BROKERS PVT. LTD. S 1231606 21.36
* B - Buy, S - Sell

NSE Bulk Deals to Watch - Jan 15 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
15-JAN-2010,ABGSHIP,ABG Shipyard Limited,CREDIT SUISSE (SINGAPORE) LIMITED A/C CREDIT SUISSE (SINGAP,BUY,668513,278.80,-
15-JAN-2010,BHARTISHIP,Bharati Shipyard Limited,CREDIT SUISSE (SINGAPORE) LIMITED A/C CREDIT SUISSE (SINGAP,BUY,634000,319.86,-
15-JAN-2010,BHARTISHIP,Bharati Shipyard Limited,MANIPUT INVESTMENTS PVT. LTD.,BUY,193630,338.60,-
15-JAN-2010,BHARTISHIP,Bharati Shipyard Limited,NAMAN SECURITIES & FINANCE PVT. LTD,BUY,246379,334.48,-
15-JAN-2010,BHARTISHIP,Bharati Shipyard Limited,OM INVESTMENTS,BUY,148327,338.49,-
15-JAN-2010,BIRLACOT,Birla Cotsyn (India) Limi,AMAR KANAIYALAL CHAUHAN,BUY,6118729,1.40,-
15-JAN-2010,IFBAGRO,IFB Agro Industries Ltd,RAVIRAJ DEVELOPERS LTD,BUY,44243,94.21,-
15-JAN-2010,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,BUY,6168749,22.76,-
15-JAN-2010,ITI,ITI Ltd.,TRANSGLOBAL SECURITIES LTD.,BUY,111095,54.15,-
15-JAN-2010,NELCO,Nelco Ltd.,BP FINTRADE PRIVATE LIMITED,BUY,160613,120.31,-
15-JAN-2010,SELAN,Selan Exploration Technol,CHANDROO R KEWALRAMANI,BUY,75000,370.00,-
15-JAN-2010,SELAN,Selan Exploration Technol,JASBIR SINGH MADAN,BUY,75000,370.00,-
15-JAN-2010,SELAN,Selan Exploration Technol,KISMET EXPORTS AND INVESTMENTS PVT LTD,BUY,75000,370.00,-
15-JAN-2010,SELMCL,SEL Manufacturing Company,OM INVESTMENTS,BUY,97572,102.27,-
15-JAN-2010,SELMCL,SEL Manufacturing Company,TRANSGLOBAL SECURITIES LTD.,BUY,119155,100.81,-
15-JAN-2010,SURYAROSNI,Surya Roshni Ltd,BHARGAVI ATUL JAIN,BUY,133333,91.40,-
15-JAN-2010,SURYAROSNI,Surya Roshni Ltd,GUPTA RAKESH,BUY,63040,92.89,-
15-JAN-2010,TANTIACONS,Tantia Constructions Limi,SGAM INDIA INFRASTRUCTURE FUND ,BUY,213205,144.99,-
15-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,186405,435.47,-
15-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,CPR CAPITAL SERVICES LTD.,BUY,69800,438.06,-
15-JAN-2010,TULSI,Tulsi Extrusions Limited,ANKITA VISHAL SHAH,BUY,95992,34.87,-
15-JAN-2010,WWIL,Wire and Wireless (India),ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,3059695,21.39,-
15-JAN-2010,AUTOLITIND,Autolite (India) Ltd,JAIDEEP SAMPAT,SELL,27062,43.85,-
15-JAN-2010,BHARTISHIP,Bharati Shipyard Limited,MANIPUT INVESTMENTS PVT. LTD.,SELL,190295,338.90,-
15-JAN-2010,BHARTISHIP,Bharati Shipyard Limited,NAMAN SECURITIES & FINANCE PVT. LTD,SELL,238111,335.56,-
15-JAN-2010,BHARTISHIP,Bharati Shipyard Limited,OM INVESTMENTS,SELL,148327,338.71,-
15-JAN-2010,BIRLACOT,Birla Cotsyn (India) Limi,AMAR KANAIYALAL CHAUHAN,SELL,4158729,1.50,-
15-JAN-2010,BIRLACOT,Birla Cotsyn (India) Limi,MONEYWISE FINANCIAL SERVICES PRIVATE LTD,SELL,15000000,1.40,-
15-JAN-2010,IFBAGRO,IFB Agro Industries Ltd,RAVIRAJ DEVELOPERS LTD,SELL,39852,95.73,-
15-JAN-2010,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,SELL,6333138,22.70,-
15-JAN-2010,ITI,ITI Ltd.,TRANSGLOBAL SECURITIES LTD.,SELL,114095,54.37,-
15-JAN-2010,NELCO,Nelco Ltd.,BP FINTRADE PRIVATE LIMITED,SELL,142596,120.23,-
15-JAN-2010,RAMSARUP,Ramsarup Industries Limit,ASHISH JHUNJHUNWALA,SELL,690000,88.26,-
15-JAN-2010,SELAN,Selan Exploration Technol,WINTON ROAVIC PVT LTD,SELL,350000,370.17,-
15-JAN-2010,SELMCL,SEL Manufacturing Company,OM INVESTMENTS,SELL,97572,102.34,-
15-JAN-2010,SELMCL,SEL Manufacturing Company,TRANSGLOBAL SECURITIES LTD.,SELL,119855,101.43,-
15-JAN-2010,SURYAROSNI,Surya Roshni Ltd,BHARGAVI ATUL JAIN,SELL,133333,91.50,-
15-JAN-2010,SURYAROSNI,Surya Roshni Ltd,GUPTA RAKESH,SELL,143745,92.57,-
15-JAN-2010,TANTIACONS,Tantia Constructions Limi,OHM STOCK BROKER PVT. LTD.,SELL,80000,145.58,-
15-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,186405,435.74,-
15-JAN-2010,THINKSOFT,Thinksoft Global Ser Ltd,CPR CAPITAL SERVICES LTD.,SELL,69800,438.26,-
15-JAN-2010,TODAYS,Todays Writing Products L,PAM PHARMACEUTICAL& ALLIED MACHINERYCO PVTLTD,SELL,82000,25.84,-
15-JAN-2010,TULSI,Tulsi Extrusions Limited,ANKITA VISHAL SHAH,SELL,95992,34.02,-
15-JAN-2010,WWIL,Wire and Wireless (India),ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,3053779,21.41,-

RIL leads decline in late trade

The key benchmark indices ended a choppy trading session lower, defying mostly higher global stocks. The BSE 30-share Sensex was provisionally down 32.88 points or 0.19%, off close to 90 points from the day's high and up close to 20 points from the day's low. Metal and capital goods stocks fell. Index heavyweight Reliance Industries extended early fall. But, realty stocks rose. The market breadth turned negative in late trade in contrast to a strong breadth earlier in the day.
The market edged higher in early trade tracking higher Asian stocks. The market lost ground later. The market came off the day's lows in morning trade. The market hit a fresh intraday low in morning trade. It soon cut losses. The market moved between positive and negative terrain in mid-afternoon trade. The market recovered from lower level after hitting a fresh intraday low in late trade.
The world economy is still fragile but the recovery from the financial crisis has been significantly faster than the International Monetary Fund (IMF) expected, the head of the institution Dominique Strauss-Kahn said on Thursday. In his first news conference of the year in Washington, the IMF Managing Director said the IMF would unveil more upbeat growth forecasts in an update of the fund's World Economic Outlook later this month.
Meanwhile, money continues to pour into emerging market and bond funds and out of money markets, as well as commodities, fund tracker EPFR Global said on Friday, 15 January 2010. Renewed interest in Japanese equities, and outflows from commodity sector funds and global equity funds, have been the only real departure from fund flow patterns seen during 2009, EPFR said.
Asia ex-Japan equity funds absorbed $481 million during the week ended 13 January 2010, their best showing since early December 2009. However, China funds saw outflows for a third straight week -- the longest period of outflows since February 2009 -- totalling $287 million as Beijing's move to tighten monetary policy offset strong Chinese trade data.
Closer home, the headline inflation jumped to a one-year high in December 2009, reinforcing views the Reserve Bank of India (RBI) will start increasing reserve requirements later this month to contain price pressures as the economic recovery strengthens. Financial markets have mostly factored in a 50-basis point rise in the cash reserve ratio (CRR), the level of cash banks must keep with the central bank, on 29 January 2010 but recent strong data has raised expectations that policy rates might also be raised.
The wholesale price index rose 7.3% in December 2009 from a year earlier, its highest since November 2008 and accelerating from a 4.8% gain in November 2009, data showed on Thursday. The rise was driven by near 20% jump in food prices, which rose on weak monsoon rains and flooding in parts of the country. Inflation in manufacturing products picked up to 5.2% from 4% in November, a sign that inflationary pressures were spreading to other sectors of the economy.
Data also showed on Tuesday industrial output grew at faster-than-expected 11.7% in November from a year earlier. The purchasing managers' index rose to its highest since May in December while car sales rose an annual 40.3% last month.
The government, which is pressing the RBI to hold rates to ensure the $1.2 trillion economy's recovery, ordered this week the sale of stocked grain and extended duty-free sugar imports by another nine months, hoping to rein in high food inflation.
Meanwhile, a panel of experts will review over the next three months how to encourage foreign investment in the financial sector such as the bonds and the stock markets, the government said on Thursday. The panel, which has experts from both the private and the government sectors, will identify challenges in meeting the financing needs of the Indian economy through foreign investment, according to a government statement. The panel will take views on foreign investments till 10 February 2010, the statement said, and will submit its report by mid-March.
Government policy makers, including deputy chairman of Planning Commission Montek Singh Ahluwalia have said that India needs more capital flows especially for infrastructure sector.
Banks on Thursday urged the Reserve Bank of India (RBI) to keep interest rates stable at its policy review later this month, saying any increase could further dent sluggish demand for loans.
European shares rose on Friday, extending a winning run to three sessions, after results at US chipmaker Intel boosted hopes of a strong earnings season. The key benchmark indices in France, Germany and UK were up by between 0.31% to 0.37%.
The European Central Bank (ECB) on Thursday kept interest rates at a record low of 1% and the central bank President Jean-Claude Trichet made dovish comments. Trichet told a press conference that recent data suggest the euro-zone economy continued to grow in the fourth quarter of last year, but said many of the factors that have supported growth are temporary, and that future growth will continue to be constrained by the need of banks, households and governments to repair their balance sheets.
Trichet said Greece, which is suffering from fiscal crisis, would receive no special treatment from the central bank
Asian stocks reversed early losses. Most of the indices had fallen earlier in the day as weak US retail sales and a rise in US jobless claims made investors wary about the strength of its economic recovery, offsetting better-than-expected earnings from technology bellwether Intel. The key benchmark indices in China, Singapore, Taiwan, Japan and Indonesia rose by between 0.07% to 0.95%. But Hong Kong and South Korea fell by between 0.04% to 0.29%.
Data out from China on Friday showed that Chinese banks extended 379.8 billion yuan ($55.6 billion) in loans in December, bringing banking lending for the full year to 9.6 trillion yuan, a rise of 95.3% from the year earlier, according to data released Friday by the People's Bank of China. Money supply as measured by M2 was up 27.7% in December, easing slightly from November's 29.7% rise, the PBOC's data showed.
Trading in US index futures indicated a flat opening of US stocks on Friday, 15 January 2010.
Technology shares drove Wall Street higher on Thursday on bets ahead of Intel's quarterly results that business spending will bolster profits in the sector. Bank stocks gained after President Obama announced a tax that would amount to 90 billion dollars over 10 years against banks that received federal bailout funds. The Dow gained 29.78 points, or 0.3%, to 10,710.55. The broader Standard & Poor's 500 index rose 2.78 points, or 0.2%, to 1,148.46, and the Nasdaq Composite Index rose 8.84 points, or 0.4%, to 2,316.74.
In economic data, the latest initial jobless claims increased 11,000 from the previous week to 444,000. But continuing claims dropped larger than expected to 4.60 million. In other data, advance retail sales for December 2009 decreased 0.3%, which was weaker than the 0.5% increase that had been expected.
Closer home, as per provisional figures, the BSE 30-share Sensex was down 32.88 points or 0.19% at 17,551.99. The Sensex fell 55.76 points at the day's low of 17529.11 in late trade. At the day's high of 17,639.85, the Sensex rose 54.98 points in early trade.
The S&P CNX Nifty was down 9 points, or 0.17% to 5250.90 as per provisional figures.
The BSE Mid-Cap index rose 0.3% and the BSE Small-Cap index rose 0.4%. Both the indices outperformed the Sensex.
The market breadth, indicating the overall health of the market turned negative. Breadth was strong earlier in the day. On BSE, 1416 shares advanced compared with 1,530 that declined. A total of 76 shares remained unchanged.
Among the 30-member Sensex pack, 19 fell while the rest rose.
BSE clocked a turnover of Rs 6060 crore, lower than Rs 6216.58 crore on Wednesday, 14 January 2010.
Index heavyweight Reliance Industries (RIL) fell 1.17%, snapping last three days' gains. RIL early this week raised $763 million through a block sale of 3.3 crore shares. RIL raised $763 million through a block sale of 3.3 crore shares on Monday. Reliance, which is bidding for bankrupt LyondellBasell Industries, had previously sold treasury shares to state-owned insurer Life Insurance Corp of India raising $577 million. As per reports last week, Reliance had sweetened its offer to buy a controlling stake that valued LyondellBasell at $13.5 billion.
Capital goods stocks fell on profit taking. ABB, Thermax, Crompton Greaves and Praj Industries, fell by between 0.46% to 1.65%.
India's largest power equipment maker by sales Bharat Heavy Electricals (BHEL) fell 0.26%. Bhel on Thursday said it has bagged a Rs 200-crore order from PowerGrid Corporation of India for supplying insulators for setting up transmission lines.
India's largest engineering & construction firm by sales Larsen & Toubro fell 0.74% extending Thursday's fall. The company said recently it has received contracts worth Rs 2,325 crore for commercial and residential construction in Maharashtra, Gujarat, West Bengal and Chandigarh
Metal stocks also fell on profit taking. Steel Authority of India, Hiindalco Industries, JSW Steel and Sterlite Industries fell by between 0.03% to 2.37%.
Tata Steel, the world's eighth-largest steelmaker fell 0.37%. The company said on 5 January 2010 sales from its Indian operations rose 73% in December 2009 to 636,000 tonnes from a year earlier. The Indian operations account for about a quarter of the group's total annual global capacity of 30 million tonnes, which includes unit Corus, Europe's second-largest steelmaker
Rate sensitive realty stocks rose on bargain hunting after last three days' losses. India's largest realty player by market capitalization DLF rose 0.52%. On 16 December 2009, the company's board approved merger of its commercial realty arm DLF Assets (DAL) with itself, a move aimed at repaying some of DAL's debt.
Among other realty stocks, Omaxe, Ackruti City, Unitech and Phoenix Mills rose by between 0.51% to 5.69%.
Automotive Axles jumped 9.18%, after net profit soared 9100% to Rs 6.44 crore in Q1 December 2009 over Q1 December 2008.