The share price of nagarjuna Fertilizers might come under some selling pressure on the news of the arrest of the group's chairman.
Shipping stocks might show some strength as the Baltic dry index rose 5.1 percent improving the fortunes of the companies in the industry. GE Shipping is our favourite in this sector
Strategy on Future and Option
~ High risk traders : Long SAIL December 85 Put
~ Long Chambal Fertilizer December Futures
Actionable ideas
Kingfisher Airlines (Accumulate
Among the major bulk deals, Credit Suisse sold over 0.5mn shares of Greenply Industries at an average price of
Rs38. Goldman Sachs purchased over 6mn shares of IFCI at an average price of Rs23. Citigroup offloaded 2mn shares of
S Kumars at an average price of Rs24.
Insider trades:
Apar Industries: Kushal N. Desai, Promoter Director has purchased 1,015 equity shares of the company on December
12, 2008.
Triveni Engineering: Dhruv M. Sawhney, CMD/ Promoter has purchased 0.2mn equity shares of the company on
December 8, 2008.
Kesoram Industries: Manjushree Khaitan, Director has purchased 13,469 equity shares of the company on December
11, 2008.
Bharti Airtel: Akhil Gupta, Director has sold 2,500 equity shares of the company on December 11, 2008.