DAILY UPDATE October 05, 2010
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DAILY UPDATE October 05, 2010 s BSE NSE Open 20501.2 Open 6144.7 High 20706.7 High 6222.1 Low 20437.4 Low 6144.7 Close 20475.7 Close 6159.5 Change 30.7 Change 16.1 Volume (Lacs) 4889 Volume(Lacs) 9042 Turnover Turnover (Rs.inCr) 5442 (Rs.in Cr) 17735 World Markets 4-Oct 1-Oct Pt. Chg Var(%) MARKET PREVIEW Dow 10751 10830 -78.4 -0.72% Equities: Dow Futures 10702 10707 -5.0 -0.05% U.S. The Dow Jones Industrial Average suffered its heaviest fall in a Nasdaq 2345 2371 -26.2 -1.11% month amid caution ahead of the fourth quarter earnings reporting FTSE 5556 5593 -36.9 -0.66% season. Nervousness was stoked by a 0.5% fall in manufacturing orders Nikkei 9383 9381 1.5 0.02% in August. Rating downgrades also sent shares lower. Hang Seng 22630 22619 11.3 0.05% SGX CNX Nifty 6173 6177 -4.0 -0.06% Asia: Asian stocks fell; dragging down the MSCI Asia Pacific Index for the Straits Singapore 3147 3157 -10.1 -0.32% first time in three days, amid speculation Australia’s central bank will South Korea 1874 1879 -5.2 -0.28% Taiwan 8189 8246 -57.6 -0.70% raise interest rates today and after analysts cut U.S. investment ratings. Brasil Bovespa 70385 70229 155.6 0.22% The MSCI Asia Pacific Index fell 0.4 percent to 126.66. Commodity Prices 4-Oct 1-Oct Chg. Var(%) Indian: The market got off to a rousing start and the benchmark indices Copper ($/MT) 8064 8100 -36.0 -0.4% Aluminum ($/MT) 2363 2359 4.0 0.2% Sensex and Nifty sailed past 20,700 and 6200 levels respectively in style Zinc ($/MT) 2230 2229 1.0 0.0% this morning, as a firm trend on the Asian bourses and strong sales and Tin ($/MT) 25200 24900 300.0 1.2% shipment figures from automobile and cement majors buoyed up Gold ($/Ounce) 1316.0 1319.6 -3.6 -0.3% sentiment to a significant extent. Data from the market regulator that Silver ($/Ounce) 21.9 22.11 -0.22 -1.0% revealed a strong inflow of funds from foreign institutional investors too Light Crude ($/bbl) 81.47 81.6 -0.11 -0.1% aided sentiment. However, with a section of investors deciding to go in N G ($/mmbtu) 3.55 3.67 -0.12 -3.3% for some profit taking, the market started paring its gains after the first Sugar ($/MT)-Aug'07 602.0 614.6 -12.6 -2.1% hour. And then, descending gradually, it even fell into the red during the Rubber (Rs./kg) 171.0 168.0 3.0 1.8% closing minutes before recovering some lost ground and signing of with Baltic Dry Index 2478 2452 26.0 1.1% marginal gains. A mixed close in Asian markets and weakness in FII All Activity (Rs. Cr) Buy Sell Net European markets rendered the mood cautious this afternoon. For 27-Sep-10 4287 2948 1339 today, markets are likely to open on flattish note. 28-Sep-10 3670 2363 1307 29-Sep-10 3541 2647 895 Economy: Orders for U.S. capital goods rebounded in August and 1-Oct-10 10918 6162 4756 pending sales of existing homes climbed for a second month, showing 4-Oct-10 4564 2600 1964 Month to date-October 15482 8762 6720 the recovery is stabilizing after a second-quarter slowdown. Bookings FII (Pro) (Rs. Cr) Buy Sell Net for non-military capital goods excluding planes increased 5.1 percent, 28-Sep-10 3339 2766 573 the biggest gain since March, the Commerce Department said today in 29-Sep-10 3675 2919 756 Washington. The number of contracts to buy previously owned houses 30-Sep-10 6428 3931 2497 rose 4.3 percent, topping the median forecast of economists 1-Oct-10 4564 2738 1825 4-Oct-10 4194 2930 1264 Currency The US dollar on Monday rose against the euro and yen, Month to date-October 8757 5668 3089 recovering from last week's lows following new data that offered some DII (Prov.) (Rs. Cr) Buy Sell Net optimism over the US economic recovery. 28-Sep-10 1088 1993 (905) 29-Sep-10 1058 1893 (835) Commodity Oil was steady on Tuesday as forecasts called for gains in 30-Sep-10 1471 2993 (1522) U.S. crude and gasoline inventories, while winter fuel stocks likely 1-Oct-10 1595 2266 (671) dropped last week 4-Oct-10 1140 1938 (798) Month to date-October 2735 4204 (1469) DAILY UPDATE October 05, 2010 FII Derivative Transactions (Rs. In Cr) Contracts Purchase Sell Net Open Interest (OI) OI(Previous day) Change Contract Value Contract Value Value Contract Value Contract Value Contract Value Index Future 51145 1577 79685 2469 -892 519288 16072 515692 15941 3596 131 Index Option 163190 4927 120709 3661 1265 1861307 57324 1805982 55475 55325 1849 Stock Future 58577 1816 73684 2287 -470 1321425 40339 1299116 39458 22309 881 Stock Option 12507 461 13052 472 -11 18577 610 15206 492 3371 118 Total 285419 8780 287130 8889 -109 3720597 114346 3635996 111366 84601 2979 BSE Index Watch 4-Oct 1-Oct Var (%) CORPORATE SENSEX 20,476 20,445 0.15% SKS Microfin sacks CEO; shares tank MIDCAP 8,270 8,214 0.69% SKS Microfinance on Monday sacked its Managing Director and CEO, Suresh SMLCAP 10,438 10,404 0.33% Gurumani. A resolution terminating Gurumani’s services with immediate AUTO 9,819 9,757 0.63% effect was passed by the company’s board on Monday and notified to the BANKEX 14,365 14,252 0.79% stock exchanges. Markets reacted sharply to the news. Shares of SKS Capital Goods 16,384 16,426 -0.26% plummeted 5.81 per cent over the previous close to end at Rs 1,276.50 on the FMCG 3,717 3,744 -0.71% BSE on Monday. The board replaced Gurumani with M R Rao, who was Health Care 6,211 6,108 1.69% appointed deputy CEO barely a month ago. (BS) IT 6,077 6,100 -0.37% METAL 17,624 17,517 0.61% Mahindra to set up tractor manufacturing unit in Telangana Oil & Gas 10,661 10,603 0.55% Giving a major fillip to industrialisation in the backward Telangana region, Power 3,308 3,300 0.24% Mahindra and Mahindra will soon set up a tractor manufacturing unit at its Realty 3,894 3,877 0.45% Zaheerabad facility in Medak district of Andhra Pradesh. M&M has proposed Market Breadth BSE % NSE % to invest Rs 300 crore on the tractor manufacturing facility over the next three Advance 1429 46% 634 44% years that will provide direct employment to about 2,000 people and indirect Decline 1541 50% 758 52% employment to another 5,000 persons. The proposed unit would manufacture Unchanged 124 4% 52 4% 90,000 tractors per year and also 3 and 4-wheeler commercial vehicles. (ET) Market Turnover 4-Oct 1-Oct Var (%) BSE Cash 5442 5980 -9.0% Tata Motors raises $750 mn in share sale NSE Cash 17735 18175 -2.4% Tata Motors raised $750 million in an institutional share sale, a source with NSE F & O 111925 118232 -5.3% direct knowledge of the matter said, after lifting the size of the offering on Total (Rs. in Cr) 135102 142387 -5.1% strong demand. The vehicle maker, which owns the luxury Jaguar and Land Index PE 4-Oct Yr. High Yr. Low Rover brands and also makes the world's cheapest car, the Nano, had initially Sensex 24.24 24.24 19.09 planned to raise $525 million by issuing $325 million shares with differential Nifty 25.61 25.61 19.81 voting rights and $200 million worth of ordinary shares. The company said in a Support/ Resistance Sensex Nifty Support 20,367 6,144 statement earlier on Monday that it was increasing the size of the offering of shares with differential voting rights to $550 million. (ET) 20,311 6,127 Resistance 20,644 6,225 Ashok Leyland says Sept vehicle sales surge 90 pc Volatility Index 4-Oct-10 3-Oct-10 Bus maker Ashok Leyland said on Monday total vehicle sales for September Volatility Index 22.80 21.43 Top 5 Nifty Gainers 4-Oct 1-Oct Var(%) rose 90 percent to 10,363 vehicles. Domestic sales rose 98 percent to 9,513 SUZLON 58 54 7.17% vehicles, while exports rose by a third to 850 vehicles, India's second-biggest SESAGOA 363 345 5.30% truck and bus maker said in an e-mailed statement. (ET) RANBAXY 598 568 5.16% RCOM 173 168 2.92% Alstom Projects bags Rs 55 crore order for hydro project RELCAPITAL 823 800 2.81% French firm Alstom's Indian arm Alstom Projects today said it has bagged a Rs Top 5 Nifty Losers 4-Oct 1-Oct Var(%) 55 crore contract from Lanco Infratech for setting up a hydro project in HEROHONDA 1806 1848 -2.31% Uttarakhand. Alstom Projects won a contract worth approximately Rs 55 crore ITC 175 179 -1.90% by Lanco Infratech Limited to install 76 MW Phatabyung Hydro Electric Project STER 173 175 -1.60% in Uttarakhand on the bank of Mandakini River, a company statement LT 2068 2099 -1.48% said. This is the second time Alstom has joined hands with Lanco Infratech BHARTIARTL since winning the Teesta VI project in 2009. The plant's electricity output will be connected to the national grid.