03.01.2014

CALLS WIL BE GIVEN FROM MONDAY ONWARDS 

News of the day:
Volatility ruled the roost after a sudden steep slide pushed key benchmark indices into negative zone from positive zone in mid-afternoon trade. The barometer index, the S&P BSE Sensex, fell below the psychological 21,000 mark. The Sensex and the 50-unit CNX Nifty, both, hit their lowest level in almost two weeks as European stocks reversed initial gains as gauges of manufacturing in China declined. The Sensex was down 158.15 points or 0.75%, off close to 350 points from the day’s high and up about 55 points from the day’s low. The market breadth, indicating the overall health of the market, turned negative from positive in mid-afternoon trade. NSE’s INDIA VIX, was up 6.22% level, at 16.55. Amongest the Indices CNX SMALLCAP was down 2.49% closed at 3,375.30.

The total turnover on BSE amounted to Rs 2590 crore, higher than Rs 1441.17 crore on Wednesday, 1 Janaury 2014. The market breadth, indicating the overall health of the market, was weak. On BSE, 1,564 shares fell and 1,038 shares rose. A total of 129 shares were unchanged. Among the 30-share Sensex pack, 25 stocks declined and the rest rose.

Stock Specific news:
ONGC resumes drilling in West Bengal
Arvind Limited hits over decade high on heavy volumes
Aluminium up 0.7% on spot demand
Zinc up 1.4% on spot demand
Crude palm oil down 0.2% on low demand
Markets come off day’s highs; Axis Bank up 2%
Gold futures up 0.8% on global cues
Silver up 2.6% on global cues
Firm trades continue; Maruti Suzuki, Sun Pharma up over 2%
Nickel up by 0.5% on global cues.

Volumes jump at Sangam (India) counter

Supreme Industries, Bharti Airtel, Delta Corp and Allahabad Bank are among the other stocks to see a surge in volumes on BSE today, 2 January 2014.

Sangam (India) clocked volume of 18 lakh shares by 12:37 IST on BSE, a 334.05-times surge over two-week average daily volume of 5,000 shares. The stock surged 13.68% to Rs 43.20 after a block deal of 16.35 lakh shares, or 4.14% equity, was struck at Rs 38.25 per share at 9:37 IST on BSE.

Supreme Industries notched up volume of 5.18 lakh shares, a 126.39-fold surge over two-week average daily volume of 4,000 shares. The stock fell 0.61% to Rs 420.30.

Bharti Airtel saw volume of 8.35 lakh shares, a 3.87-fold surge over two-week average daily volume of 2.16 lakh shares. The stock fell 0.83% to Rs 334.80.

Delta Corp clocked volume of 24.16 lakh shares, a 3.22-fold surge over two-week average daily volume of 7.51 lakh shares. The stock jumped 4.03% to Rs 116.25.

Allahabad Bank saw volume of 6.22 lakh shares, a 2.83-fold rise over two-week average daily volume of 2.19 lakh shares. The stock climbed 5.65% to Rs 101.90.