| Nifty has formed descending triangle pattern indicating negative breakout | |
 | On daily chart Nifty exhibiting descending triangle which is bearish breakout pattern if lower trend line breaks. Price is now near to lower trend line, and moving with in triangle. Nifty next resistance seems at 6,180 while support at 6,080 if nifty breaches 6,180 then we could see rally up to 6,220 on the flip side if the level of 6,040 breaches decisively then we could see fall up to strong support of 6,020. Technical momentum indicators (MACD, RSI and Stochastic) are supporting this view. Technical Pick 1) Binani Industry: Buy 2) GMR Infrastructure: Buy 3) Sujana Towers: Buy 3) Koutons: Sell |
| 7 to 10% correction from current levels could be a good buying opportunity | |
 | Indian market has run up substantially over the past few weeks, volatility & nervousness is expected to remain high ahead of the September quarter 2011 results. In Q2FY11, we expect corporates to do well on the revenue front. Among the sectors, Banking, Metals & Consumer Durables could positively surprise, while FMCG, IT, Cement & Autos are expected to deliver results in line with the expectations However, the overall margins are expected to be under pressure due to higher input & interest cost as in the June quarter. Overall corporate earnings growth is unlikely to match the pace of rise in the stock prices in the near term. So it undergo minor correction before the next upmove begins. Any correction, if it takes place, is expected to be short lived in near term & a dip of 7-10% from current levels should be considered as a buying opportunity. Fundamental Pick 1) Sterlite Technologies: Buy 2) Ashok Leyland: Buy |
| Global markets to be driven by earning numbers, Federal Reserve policy meeting will also be eyed | |
 | Global equity markets gained significantly during the week with some better than expected economic data and Bank of Japan favourable move to cut interest rate raising investors sentiments. Markets is likely to remain firm in the coming week with investors expecting news to come from Fed next policy meeting. In the US, the minutes of the Federal Reserve latest policy meeting are due on Tueday, along with the Treasury's monthly budget statement on Wednesday. Further, there trade balance figures and jobless claims data in the United Kingdom, plus the European Central Bank monthly report and European Union trade balance figures. The approval given by Japanese cabinet for a new emergency stimulus package worth USD 61.3 billion to help shore up an economy will boost investors confidence. However, Investors will eye on the earning season which has kicked off on Friday with Alcoa posting better numbers for further direction. |
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| Bond are expected to stay flat as investors kept eye on key economic data | |
 | Bond are expected to stay flat as investors kept eye on key economic data due next week. Industrial output data for August will be announced on Tuesday while inflation data for September will be released on Thursday. Meanwhile, we believe the concerns on liquidity front might be nuteralised from apprehension over rate hike. |
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| Crude prices likely to slowdown, gold prices may scale fresh highs | |
 | Crude oil prices are likely to be subdued in the coming week as the crude inventories increased by huge ammount while fuel too consumption declined. Gold prices are likely scale fresh highs in the coming week on demand for an alternative to currencies. The US dollar is on a weak trend which may further help the gold prices to rally. Domestic gold prices are also likely to stay strong amidst the ongoing festivities. |
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| *LTP stands for Last Traded Price as on Friday, October 08, 2010 4:04:25 PM | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
#1R1 stands for Resistance level 1 @1S1 stands for Support level 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| #2R2 stands for Resistance level 2 @2S2 stands for Support level 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
#3R3 stands for Resistance level 3 @3S3 stands for Support level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The levels given above are with respect to previous closing price on the NSE / BSE. |
Sensex (20,250.6)
After an exhilarating ride past the 19,000 and 20,000 milestones in September, the Sensex paused and retracted slightly last week. Investors cannot be faulted for cashing in some gains as the benchmark has gained 16 per cent since September. Wavering global markets, fear of stretched valuations in some sectors and the slew of IPOs slated to bombard investors over the ensuing months neutralised the positive impetus provided by continuing overseas inflows.
Choppiness could continue in the week ahead as the second quarter earnings announcements begin. Volumes are reaching frenzied levels in both cash and derivative segment. Average daily turnover in futures and options on NSE last week was Rs 99,000 crore. Such high volumes are typically recorded only in the expiry week.
Data published by exchanges show that foreign institutional investors were net buyers through the week, even on days when the index took a tumble. DIIs, on the other hand, strictly adhered to the negative stance they have adopted over the last two months.
The Sensex made another attempt to get to the 21,000 level last week but it had to retreat from the intra-week peak of 20,707. Oscillators in the daily chart are retreating from the overbought zone following last week's correction. Negative divergence is obvious in the 10-day rate of change oscillator since September 20 implying that though indices are making new multi-month highs, they are in a running correction over the last three weeks.
The medium-term trend in the Sensex continues to be up. As explained earlier, target of the third wave from the low of 15,960 gives us the targets of 20,097, 20,969 and then 21,504. The index can attempt to edge towards the second and third targets unless it records a close below 19,800 in the week ahead.
A five wave move from August 31 low appears to be complete. If the index fails to move strongly below 20,200 next week, it would mean that the last wave of this sequence is extending and can take the index close to 21,000 in the short-term.
But move below 20,200 will mean that there can be sideways movement in the range between 19,800 and 21,000 for a few weeks. Medium-term supports below 19,800 are 19,600 and 19,260. Medium-term trend deciding level is now shifted higher to 18,900. In other words the index needs an emphatic close below this level for investors to begin worrying.
The Sensex is pausing at the key short-term support at 20,200. Upward reversal from this level can take the index higher to 20,665, 20,987 or 21,507 in the days ahead. The short-term view will turn negative only on a close below 19,850. Subsequent supports are 19,603 and 19,263.
Nifty (6,103.4)
The medium-term trend in Nifty continues to be up. As explained earlier, targets for the third wave from the low of 4,786 fall at 6,041 and 6,468. Since the index is currently poised above the first target, it can attempt to move towards the next over the medium term. A sharp decline below 5,960 is required to negate this positive view.
Nifty is currently in a short-term correction. But it tested the key support at 6,061 on Friday. If it manages to hold above this level, the index can progress to 6,227, 6,356 or 6,486 in the days ahead.
Conversely a decline below 6,061 will imply that weakness will prolong to drag the index down to 5,960 or 5,890. Subsequent supports for the index are at 5,785 and 5,682.
Global equity markets whipsawed through the week but most benchmarks managed to hold on to the gains recorded last month. CBOE Volatility Index moved close to its key support at 21 on Friday. As we have been reiterating, close below 20 will mean that the investor sentiment has entered the bull market zone.
Commodity prices continued to surge and the Reuters CRB Index recorded a 26-month high at 551 pushed ahead by surge in precious metals and crude prices.
The strong rally on Tuesday helped Dow record the intra-week peak of 11,032. As explained earlier, target of the third wave from 9,614 trough gives the next target for the index at 11,042. If the rally sustains, next target for the index is 11,463. April peak of 11,258 should also usher in some turbulence in this index.
Benchmarks in other Asian markets such as Korea, Indonesia, Philippines and Singapore continued to power ahead though mild profit taking was observed in Malaysia, Thailand and India. — Lokeshwarri S.K.
Reliance Industries (Rs 1,048.2)
The stock moved up in line with our expectation and achieved our price target of Rs 1,045 in the previous week. It gained 4 per cent backed by good volumes over the past week. Though the stock has breached its 200-day moving average marginally, it is still currently testing medium-term trend deciding levels around Rs 1,050-1,055. Inability to move above this level will pull the stock lower to Rs 1,035. Key supports for the stock are at Rs 1,010 and Rs 985.
The stock has been on a short-term uptrend from its September low of Rs 885. Short-term traders should initiate fresh long positions only if the stock moves above Rs 1,055 with tight stop-loss at Rs 1,035 levels and target of Rs 1,090. Subsequent resistance for the stock is at Rs 1,110.
State Bank of India (Rs 3,244.9)
After recording fresh life-time high of Rs 3,299, the stock slipped and finished the week down by Rs 16. As anticipated, the stock reversed lower from Rs 3,300 levels and reached Rs 3,200 before bouncing higher. The near-term outlook for the stock is one of 'wait and watch'. Thus, short-term traders can stay away from the stock as long as it trades in the range between Rs 3,170 and Rs 3,280. A fall below Rs 3,170 will drag the stock lower to Rs 3,100 or Rs 3,050 levels in the near-term.
Medium-term trend is up for the stock and investors can remain invested with stop-loss at Rs 2,600. Strong close above Rs 3,300 will push the stock higher to Rs 3,350 or Rs 3,370. Medium-term supports for the stock are pegged at Rs 3,000 and Rs 2,880.
Tata Steel (Rs 626.9)
Tata Steel tumbled 6 per cent for the week, experiencing selling interest for the last couple of trading sessions. In our previous review we had mentioned that a fall below Rs 650 will weaken the stock and pull it to Rs 630 or Rs 610. Near-term trend is negative for the stock and reaching Rs 610 is on the cards. Short-term traders can sell the stock while maintaining stop-loss at Rs 640 with target of Rs 610 or Rs 595.
Medium-term investors holding long positions can take profits off the table and be cautious on the stock. Support and resistance for the week are at Rs 575 and Rs 660 respectively.
Infosys Technologies (Rs 3,077.4)
The stock was volatile and moved sideways in the zone between Rs 3,037 and Rs 3,162 this past week, finishing Rs 26 lower. Inability to move beyond Rs 3,115 will pull the stock down to Rs 3,037. Traders with short-term perspective should tread with caution in the stock in the upcoming week.
The stock continues to remain in a medium-term up trend and investors can consider holding the stock with stop-loss at Rs 2,750 levels. Medium-term price target is Rs 3,200. — Yoganand D.
Indiabulls Financial (Rs 182.9)
The stock witnessed buying interest on October 5 and subsequently its uptrend got accelerated as the stock appreciated by about 27 per cent this week. The last three trading sessions were also accompanied with an increase in volume. This up move has penetrated the stock's short-term resistance at Rs 170 and the stock is trading well above its 50 and 200-day moving averages. It currently faces its next key resistance at about Rs 190. Since February trough of Rs 93, the stock has been on a medium-term uptrend. As long as the stock stays above Rs 140, this medium-term uptrend remains in place.
In the short-term, if the stock fails to surpass the resistance at Rs 190, a pullback to Rs 170 or Rs 155 can happen before it resumes higher. However, a strong up move above Rs 190 will lift the stock to Rs 215 to Rs 220 range in the medium-term.
Biocon (Rs 412.3)
The stock has been on a long-term uptrend from its March 2009 low of Rs 90, forming rising peaks and troughs. Its uptrend got reinforced last week as it jumped up by about 12.7 per cent accompanied with good volumes. It recorded new life-time high of Rs 415.9 on Friday. Medium and short-term trends are also up for the stock.
However, both the daily and weekly relative strength indices are hovering in the overbought territory, signalling cautiousness. The stock is also featuring above the upper boundary of the daily Bollinger Bands. This could imply a near-term correction to its immediate support at Rs 360. Next significant support for the stock is at Rs 330. Following the correction, the stock can move higher to Rs 430 in the medium-term. — Yoganand D.
K.S. Badri Narayanan
Infosys Technologies (Rs 3,087): The stock has been ruling near all-time high levels. While the overall outlook remains positive at Rs 2,787, the stock is likely to see a narrow movement. The company is coming out with its September quarter number on October 15 (Friday). While the immediate resistance appears at Rs 3,162 (all-time high), Infosys finds support at Rs 2,965 We expect the stock to move in a narrow range ahead of the result.
F&O pointers: The Infosys futures saw accumulation of long position in small quantity on Friday. Option trading suggests a negative bias for the stock as higher strike calls added open interest, while 2,900 put saw unwinding of position.
Strategy: Traders can consider short-straddle strategy by simultaneously selling both put and call of 3,050 strike. They closed on Friday at Rs 69.8 and Rs 105 respectively. The strategy is for traders with a penchant for risk, as the loss in this strategy is unlimited while the maximum profit is limited to the premium collected.
Tata Steel (Rs 626): The stock has witnessed an uninterrupted rally from a low of around Rs 500 but met its resistant at Rs 678 last week and turned weak. The stock is at crucial stage now. Only a close above Rs 739 would confirm the positive outlook for the counter. A close below Rs 619, on the other hand, could change the outlook to negative. In that event, Tata Steel could touch Rs 549. The overall outlook remains positive as long as Tata Steel above Rs 456.
F&O pointers: The derivative trading presents a mixed outlook for the counter. It accumulated fresh short position on Friday. Calls witnessed heavy accumulation of open interest, indicating emergence of call writers. This signals that Tata Steel would face strong resistance. Puts also witnessed marginal accumulation in open interest, suggesting bullish undertone.
Strategy: Traders could consider shorting Tata Steel futures with a tight stop loss at Rs 631. If it slips below Rs 619, shift the stop loss to that level and hold it for an initial target of Rs 587.
| Domestic institutions such as SBI, SBI Life Insurance follow suit. |
K. S. Badri Narayanan
Chennai, Oct. 9
Retail investors are not the only ones with an eye on ultra short-term gains when subscribing to initial public offerings.
Foreign institutional investors, often considered to be investing with a long-term perspective, have also been offloading shares on listing day.
Since August, shares of 13 companies have been listed. Many of them, such as Prakash Steelage, Indosolar, Orient Green Power and Microsec Financial Services, saw some heavy offloading by FIIs, according to data on bulk deals furnished by stock exchanges.
The FIIs acquired these stocks through IPO allotment is clear from the fact that their names did not figure in the offer document under the shareholding pattern.
Aggressive pricing
According to analysts, aggressive pricing of an IPO is one of the reasons for investors booking profits on Day 1 itself.
Mr Arun Kejriwal of KRIS Securities said the volume of stocks delivered for transfer indicates that they account for 60 per cent of the total outstanding shares. This, in his view, indicates FII offloading.
"As the non-QIB (qualified institutional buyer) portion cannot exceed 40 per cent (in an IPO), it is obvious that the selling is coming from big institutional investors."
Mr Jagannadham Thunuguntla of SMC Securities said, "They are flipping the (IPO) stocks instead of investing. As no one knows how long this current trend will sustain, they are making listing gains before a rough patch re-emerges in the equity market."
According to Mr Kejriwal, "There are some big institutions which sell these shares in the first five minutes of trading itself,".
Foreign institutional investors that sold shares include Goldman Sachs (in Orient Green Power), Citigroup Global Markets (in Indosolar), Merrill Lynch (in Microsec) and Credit Suisse (in Tirupati Inks, Microsec Finance, Indosolar, and Gujarat Pipavav).
Most of the selling by foreign institutional investors was through Mauritian investment accounts. However, domestic institutions too have not been quiet. State Bank of India and SBI Life Insurance sold shares of Gujarat Pipavav Port Ltd on the listing day itself.
FIIs are seen as being largely responsible for the current stock market rally that propelled the BSE Sensex to around 21,000.
In the business of providing supply chain management services to the oil and gas liquid fuels market, Aegis Logistics has benefitted significantly from the turning fortunes of the oil, gas and chemicals industry.
The only listed player in this space, the stock has delivered a whopping 355 per cent over the year. Much of that however was led by PE re-rating, as its trailing twelve months per share earnings grew just by over 18 per cent (Rs 14.4 now) in the same period.
Expansion of handling capacities at its existing sites in Mumbai, likely acquisition of new sites along the coastline and lack of any significant competition in its business may have influenced the re-rating to a certain extent.
The bulk of it, however, seems to have come on the back of the company's presence in autogas retailing (sub-segment of gas division). With the government partially deregulating oil prices, the cost advantages of auto LPG have come to the fore.
It is in this regard that Aegis' 68 retail outlets and plans to increase it to 300 in the coming years puts it in a sweet spot. It has also tied up with Essar Oil to further increase in retail footprint.
— Srividhya Sivakumar
Our Bureau (businessline)
Kolkata, Oct. 9
The price band of the Coal India Ltd IPO will be determined by the Empowered Group of Ministers (E-GoM) during its scheduled meeting on October 12.
According to sources, the issue is scheduled to hit the market on October 18. The final preparation of the IPO and road-shows in India will happen once the CIL Chairman, Mr Partha S. Bhattacharyya, returns (on Saturday) from the UK and the US where he has been participating in roadshows in the past week.
He will leave for Singapore on October 15 for the last overseas road show.
A flurry of conversations took place in the studio on the markets. Here is a slice.
Prayag: We have finally hit the ground running on the Commonwealth Games, after all the controversies and negativities surrounding the event.
Ayush: Yeah, that's true; the glitz accompanying the opening ceremony was spellbinding. Speaking of glitz, it was amusing to read that Shah Rukh Khan claims himself to be a poor businessman!
Kaustubh: For a man minting millions from brand endorsements, it seems strange. Perhaps, he is talking about running new businesses — his KKR Team or Red Chillies.
Ayush: But the market seems to have given a thumbs-up to two of the five debutants at the exchanges.
Prayag: Man, what a rousing reception Career Point Infosystems got – 112 per cent gains on opening day! No company in recent memory seems to have captured the imagination of investors as this one has, even at the cost of valuations reaching boiling points!
Kaustubh: Eros International too had a decent listing, not by any means spectacular. But Orient Green Power and Ramky Infra, turned out to be a damp squib going by deep cuts they had at the bourses on listing day. The renewable energy and the infrastructure stories, it seems, would be bought only at a cheaper price.
Ayush: But did you guys notice that FIIs are pumping in money like there is no tomorrow, $20 billion at last count for the year.
Kaustubh: Yeah, they are the most bankable when it comes to driving markets or bubbles! This is pushing the rupee higher against the dollar to Rs 44 levels. Now that does not seem to worry the RBI, though IT companies would be having sleepless nights.
Prayag: Speaking of the RBI, industrial houses have made a strong pitch for starting banks to the reserve bank. But just a dialogue is taking place now, no serious action expected.
Ayush: The news on the inflation front is still far from encouraging. At 16.24 per cent, it has fallen very little. It remains to be seen if the RBI will raise rates once again.
Prayag: SBI, Bank of Baroda and several other banks have started increasing their deposit rates, albeit on select tenures. That should hopefully bring relief to customers hoping for safety and better yields on their investments.
Kaustubh: Tata Motors is once again on a fund-raising spree. The company is looking to raise $750 million through a QIP.
Ayush: What is interesting about the issue is that, $200 million is going to be raised by ordinary shares, while $550 million would be raked in through DVRs. The DVR is trading at Rs 795 is at a 30 per cent discount to the ordinary shares of Tata Motors. Now that should get the investors interested.
Prayag: The earnings season is around the corner and would be very keenly followed and could determine the continuance of the current bull-run, in light of concerns on higher valuations.
Kaustubh: Brokerages and FIIs are giving targets of anything in the 21000-25000 range for the Sensex over the next 3-6 months . If these levels are indeed breached, it has to be backed by strong earnings growth. But hey, with the festive season around, let us hope companies are able to give plenty of goodies to investors in the form of robust earnings numbers.
K. VENKATASUBRAMANIAN
FUND PRIMER
Registering a nomination facilitates easy transfer of funds to the nominee on the demise of the investor.
What is a Nomination?
An investor can nominate a person(s) called nominee(s) to whom his/her Mutual Fund Units will be transferred on his / her demise.
Mutual Fund units get transferred to the nominee registered in the folio on the demise of the Investor.
What are the benefits of registering a nomination?
Registering a nomination facilitates easy transfer of funds to the nominee(s) on the demise of the investor. In the absence of the nominee, a claimant would have to produce a host of documents like a Will, Legal Heir-ship Certificate, No-objection Certificate from other legal heirs etc. to get the units transferred. The process is simple if a nominee is registered in the folio.
How can an investor make a nomination?
Nomination can be registered at the time of purchasing the units. While filling in the application form, there is a provision to fill in the nomination details.
Alternatively, an investor may register a nomination later through a form which may be submitted with relevant particulars of the nominee.
The forms are available on the mutual fund websites.
Investors may also request the registrar and transfer agent to send a form.
Can an investor make multiple nominations?
Yes! An investor may make up to three nominations and even specify the percentage of the amounts that will go to each nominee.
If the percentage is not specified, equal shares will go to the nominees.
Can a minor be a nominee?
Yes! A minor can be a nominee. However the guardian will have to be specified in the nomination form.
Can a nomination be changed?
A nomination can be changed and even cancelled. The relevant form should be filled and submitted to the Registrar or Mutual Fund Office.
If an investor has different schemes in a folio, will all units of all schemes be transferred to the nominee?
A nomination is at folio level and all units in the folio will be transferred to the nominee(s).
If an investor makes a further investment in the same folio, the nomination is applicable to the new units also.
Who can nominate and who is eligible to be a nominee?
Nominations can be made only by individuals applying for / holding units on their own behalf, singly or jointly.
Non-individuals, including societies, trusts, body corporates, partnership firms, the karta of an HUF, and the holder of a power of attorney (POA) cannot nominate.
Nomination can be in favour of individuals, including minors, the Central Government, State Government, a local authority, any person designated by virtue of his office or a religious or charitable trust.
A non-resident Indian can be a nominee, subject to the exchange control regulations in force from time to time.
When Aban Offshore's deepwater rig Aban Pearl sunk like a stone off the Venezulean waters in mid-May this year, the company's prospects looked rather bleak. The sunken rig was a cash-cow (with an operating day rate above $350,000) for the beleaguered company, trying to deleverage its heavily debt-laden balance sheet (around $3 billion).
The stock plunged more than 18 per cent on the day of the announcement. This was followed by sustained selling over the next week and the stock ended up losing a cumulative 33 per cent, before the bleeding stemmed.
In hindsight, the market reaction seemed overdone, given that the rig had been insured for $240 million of which the company finally received $235 million. Nevertheless, loss of profits was not insured, and the company's endeavours to restart the contract continue.
The positive news about insurance and also the deployment of another idle rig, Aban Abraham, has seen the stock recoup some losses since then. However, from a year-long perspective, concerns about debt burden and the rig sinking have taken their toll, and the stock is down almost 46 per cent.
— Anand Kalyanaraman
Aarati Krishnan
BL Research Bureau
The trend of initial public offerings (IPOs) delivering sure-shot short-term gains seems to be petering out.
Stocks that listed in the first 10 days of October have struggled to close above their offer price on their first trading day.
In contrast, most IPO stocks that made their debut in August and September managed to deliver gains on listing day.
Faltering on listing
Of the seven stocks that listed this month, four slumped below their offer price on listing day while two made marginal gains.
Ramky Infrastructure ended its listing day October 8, 14 per cent below its offer price, after opening strongly. Orient Green Power and Microsec Financial Services too closed their first trading day 5-6 per cent below their issue prices. The only recent issuer that got off to a roaring start is Career Point Infosystems, with a 102 per cent gain on listing day.
Bearing on response
The lower listing gains on the recent crop of IPOs may have a bearing on the retail subscriptions for forthcoming offers.
Issuers including the mammoth Coal India and several realty companies such as Emaar MGF and Prestige Estates Projects are queued up to raise IPO money over the coming weeks.
Market participants feel that retail response to IPOs has picked up mainly because investors, who missed out on rallying stock prices in the secondary market, are keen to pocket listing gains by subscribing to new offers. Dwindling listing gains may prompt them to reconsider this strategy, they say.
Buy / Sell (Oct 08, 2010) Buy Sell Net DII 923.60 1925.61 -1002.01 FII 3490.06 2903.84 +586.22
Arvind Parekh
+ 91 98432 32381
