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07 October 2010

Edelweiss: Stocks in News: Oct 7th, 2010

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Stocks in News
§  Pipavav, ABG,Goodearth, Bharti offer stakes in SCI(Dna)
§  Shree Renuka bags deal(Dna)
§  Suzlon South Africa foray
§  Glenmark in Italian deal(Dna)
§  SREI Infra mulls bidding for BOT projects on its own(ET)
§  Cairn to seek sale nod today(ET)
§  Shreyas Shipping reviving logistics expansion plans(Dna)
Sales Traders Commentary
§  Indian equities bounced back on Wednesday snapping earlier losses. At close, the benchmark 30-share index BSE Sensex added 125.48 points or 0.61% at 20533.19 and Nifty climbed 40.65 points or 0.66% to 6186.45.
§  Major gainers were Jaiprakash Associates (6.88%), Sterlite Industries (India) (4.01%), Hindalco Industries (3.79%), Reliance Industries (2.03%), Jindal Steel & Power (1.79%), and Tata Steel (1.30%).
§  Losers were Mahindra & Mahindra (0.81%), Hindustan Unilever (0.79%), Reliance Communications (0.79%), Bharti Airtel (0.75%), State Bank of India (0.68%), and Cipla (0.44%).
§  The Realty index was at 4016.09, up 107.59 points or 2.75%. Major gainers were Indiabulls Real Estate (8.49%), Housing Development and Infrastructure (2.92%),  D   B Realty (0.88%), Anant Raj Industries (0.61%), and D L F (0.56%).
§  The Metal index was at 17960.11, up 394.53 points or 2.25%. Major gainers were Hindustan Zinc (6.07%), Hindalco Industries (3.79%), National Aluminium Company (2.91%), Jindal Steel & Power (1.79%), and JSW Steel (0.17%).
§  The Oil & Gas index was at 10831.56, up 110.29 points or 1.03%. Major gainers were Cairn India (2.05%), Reliance Industries (2.03%), Aban Offshore (0.15%), and Indian Oil Corporation (0.13%).
§  The FMCG index was at 3659.38, down 15.92 points or 0.43%. Major losers were Colgate-Palmolive (India) (1.23%), Hindustan Unilever (0.79%), Dabur India (0.51%), Mcleod Russel India (0.49%), and I T C (0.29%).
§  Globally, Asian markets ended on a positive note, while Europe was trading firm.

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