Market Update: November 23, 2010
On November 23, at the close, the BSE Sensex lost 265.75 points (1.33%) at 19,691.84 with 28 components registering drop. Meanwhile, the NSE Nifty went down by 75.25 points (1.25%) at 5,934.75 with 44 components posting drop.
Top Gainers
Maruti Suzuki India (1.35%), and Hindustan Unilever (0.33%).
Top Losers
Tata Power Company (3.04%), State Bank Of India (2.83%), Bharti Airtel (2.30%), Reliance Communications (2.18%), Sterlite Industries (India) (2.11%), and Hindalco Industries (2.09%).
Mid & Small-cap Stocks
The major losers were Aban Offshore (4.14%), Alstom Projects India (3.1%), Core Projects and Technologies (2.93%), Ackruti City (2.07%) and A I A Engineering (0.72%).
The major losers were A K Capital Services (2.58%), A B G Infralogistics (2.53%), INEOS ABS (India) (2.48%), Provogue (India) (1.78%) and Abhishek Industries (1.72%).
Sectors Updates
The Realty index was at 3,131.70, down by 105.54 points or by 3.26%. The major losers were D B Realty (8.19%), Indiabulls Real Estate (5.18%), Anant Raj Industries (2.33%), Ackruti City (2.07%) and D L F (1.12%).
The IPO index was at 2,034.85, down by 43.87 points or by 2.11%. The major losers were Aqua Logistics (2.3%), Adani Power (1.49%), Ashoka Buildcon (1.47%), Bajaj Corp (0.35%) and Aster Silicates (0.12%).
The PSU index was at 9,580.20, down by 180.39 points or by 1.85%. The major losers were Bank Of Maharashtra(3.17%), Bank Of India (2.36%), Andhra Bank (2.01%), Allahabad Bank (0.37%) and Balmer Lawrie & Company (0.24%).
The Metal index was at 16,367.55, down by 297.59 points or by 1.79%. The major losers were Hindalco Industries (2.09%), JSW Steel (1.86%), National Aluminium Company (1.77%), Jindal Steel & Power (1.39%) and Hindustan Zinc (0.09%).
Market Breadth
Market breadth was negative with 819 advances against 2,221 declines.Stock to watch today for Intraday
JSW Energy has agreed to acquire Canada`s CIC Energy for CAD 422 million - JSW Energy, the Sajjan Jindal-controlled private utility, has agreed to acquire Canada`s CIC Energy for CAD 422 million (about Rs 18.60 billion), in a transaction that will also give the Indian company ownership of high-grade coal mines in Africa. According to a statement issued late Tuesday evening, JSW Energy bid CAD 7.42 a share to buy the Toronto-listed company, which owns and develops coal mines in Botswana in Africa with reserves of about 2.6 billion tons of thermal coal, used primarily by power plants. The acquisition will be carried out by a subsidiary of JSW Energy and is scheduled to be completed by Mar. 31, 2011, said the statement.
Dr Reddy`s buys GSK`s oral penicillin facility in US - Dr Reddy`s Laboratories, one of the country`s biggest drug firms, has bought GlaxoSmithKline`s oral penicillin facility and products in the US for an undisclosed sum. The transaction is expected to close within the first half of calendar year 2011. As per the agreement, GSK will transfer ownership of its penicillin manufacturing site in Bristol, Tennessee, and rights for the Augmentin and Amoxil brands in the US to DRL. The rights for the non-US markets will, however, remain with GSK. ``This acquisition allows us to enter the US penicillin-containing antibacterial market segment and serve the needs of our customers. This is in line with our strategy to significantly scale up our generics business in North America, while providing an opportunity to explore additional synergy with our other businesses,`` said Abhijit Mukherjee, president (global generics business), DRL in a release on Tuesday.Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 2,912.16 million. It was followed by Gravita India (Rs. 1,856.42 million), Coal India (Rs. 1,292.74 million) and Reliance Industries (Rs. 977.11 million).
The volume chart was led by Karuturi Global with trades of over 10.29 million shares. It was followed by Alok Industries (9.51 million), Gravita India (7.13 million) and Mahindra Satyam (5.70 million).
FIIs net bought Rs 1415 crore in F&O on Tuesday
The foreign institutional investors (FIIs) were net buyers of Rs 1415.87 crore in futures and options segments on Tuesday.
According to the data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 1591.97 crore, while they bought index options worth Rs 2475.31 crore.
They were net buyers of stock futures to the tune of Rs 547.78 crore and sold stock options worth Rs 15.25 crore.
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