Gray Market Premium: C. Mahendra Export; Shekhawati Poly Yarn; Midvalley entertainment: Jan 11th, 2011

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Company Name	Offer Price	Premium
	(Rs.)	(Rs.)
Shekhawati Poly Yarn	30 (Fixed)	0.5 to 1
C. Mahendra Export	95 to 110	4 to 5
Midvalley entertainment	64 to 70	7 to 8

FII & DII trading activity on NSE and BSE as on 11-Jan-2011

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FII trading activity on NSE and BSE on Capital Market Segment

The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 11-Jan-2011.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 11-Jan-2011 2726.62 3889.19 -1162.57

 

Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment

The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 11-Jan-2011.

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-Jan-2011 1854.65 790.47 1064.18

 

FII DERIVATIVES STATISTICS FOR 11-Jan-2011

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FII DERIVATIVES STATISTICS FOR 11-Jan-2011
	BUY		SELL		OPEN INTEREST AT THE END OF THE DAY
	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores
INDEX FUTURES	103193	2971.19	86293	2495.97	388059	11111.81	475.22
INDEX OPTIONS	373678	10727.04	367175	10608.51	1607450	46059.03	118.53
STOCK FUTURES	81161	2253.61	65078	1782.50	1297871	33636.32	471.11
STOCK OPTIONS	21508	641.40	21894	649.82	17180	498.83	-8.42
						Total	1056.44

 

EdelFlash: Tata Steel - Announcement of FPO: Edelweiss

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n  Announces FPO of 57 mn shares

At its Board meeting today, Tata Steel has approved equity fund raising through Follow on Public Offer (FPO) of 57 mn shares (including 1.5 mn employee reservation). At CMP, this amounts to ~INR 37 bn. The company is likely to adopt the fast-track FPO approach (which shortens the process of regulatory approval). We believe the company may open the FPO in February.

Patni Computer (It could have been better, ADD): IIFL

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Patni Computer (It could have been better, ADD): 


The lacklustre premium associated with the offer price (8% to CMP) gives little incentive to own Patni now. With little differentiation in service lines, we don’t see Patni benefiting much from an expanded scope and hence growth rates are unlikely to improve in the medium term. It is an acquisition for scale, and iGate remains the primary beneficiary. An eventual merger can make the larger entity eligible for bigger RFPs, but in the interim, integration is a challenge. Given the similarity in service lines and geographies, we expect senior management attrition. That said, Patni continues to be cheap at 12x CY12ii EPS and a possibility of delisting of Indian shares following an open offer could provide an upside. As such, we retain ADD on Patni, but we reiterate our preference for Infosys and HCL Tech. Among mid-cap IT firms, we prefer Infotech Enterprises and Infinite Computers.

IIFL: Front Page: 11 Jan 2011

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Corporate Front Page:

- iGate has acquired ~63% stake in Patni Computer Systems for US$1.22bn. (ET)

- Tata Steel plans to raise Rs35bn-50bn via follow-on public offer (FPO). (BS)

- Reliance Industries has opposed the proposal of a new pipeline from Kakinada to Srikakulam floated by Andhra Pradesh Gas Infrastructure Corporation (APGIC). (BS)

- The Hero group plans to enter the three-wheeler business, pitting itself against market leader Bajaj Auto. (ET)

- Edelweiss Capital said its subsidiary is targeting to lend about Rs50bn for retail housing over the next five years. (ET)

NSE, Bulk deals, 11-Jan-2011

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Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Wght. Avg.  Price
BALPHARMA	Bal Pharma Limited	ADROIT FINANCIAL SERVICES PRIVATE LIMITED	BUY	59,742	37.48
BALPHARMA	Bal Pharma Limited	ADROIT FINANCIAL SERVICES PRIVATE LIMITED	SELL	59,742	37.72
BALPHARMA	Bal Pharma Limited	AJAY	BUY	3,56,798	39.65
BALPHARMA	Bal Pharma Limited	AJAY	SELL	3,56,698	39.71
BALPHARMA	Bal Pharma Limited	ALOK GUPTA	BUY	60,740	41.36

BSE, Bulk deals, 11/1/2011

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Scrip Code	Company	Client Name	Deal Type *	Quantity	Price **
530513	Accurate Trans	HARISH CHERUKURI	B	37000	104.15
530513	Accurate Trans	ABHI CAPITAL SERVICES LIMITED	S	15998	103.55
532975	Aishwarya Tele	NARESH CHAND JAIN	S	116804	15.56
531761	Amulya Leas	IMARTI DEVI	S	31950	37.00
524824	Bal Pharma	A K G STOCK BROKERS PRIVATE LIMITED	B	57128	37.76

Clients ,NRI, Proprietary trading activity 11/1/2011

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(Rs. crore)	Clients
Trade Date	Buy	Sales	Net
11/1/2011	2,250.44	2,296.07	-45.62
10/1/2011	2,306.94	2,378.90	-71.96
7/1/2011	2,464.03	2,430.18	33.85
Jan , 11	16,936.15	16,836.23	99.92
Since 1/1/11	16,936.15	16,836.23	99.92
(Rs. crore)	NRI
Trade Date	Buy	Sales	Net
11/1/2011	1.18	0.34	0.84
10/1/2011	2.15	8.26	-6.11
40725	2.03	1.28	0.75
Jan , 11	11.75	17.34	-5.59
Since 1/1/11	11.75	17.34	-5.59
(Rs. crore)	Proprietary
Trade Date	Buy	Sales	Net
11/1/2011	701.36	715.61	-14.25
10/1/2011	667.51	727.96	-60.45
40725	648.66	714.24	-65.58
Jan , 11	4,832.73	4,953.08	-120.35
Since 1/1/11	4,832.73	4,953.08	-120.35