Zee Telefilms auction continues

Auction in the scrip of Zee Telefilms continued this week as well. According to sources, around 49,500 shares of Zee Telefilms were auctioned on the BSE at a price of Rs 1550. This is at a premium of 4.16 per cent to the closing price of Rs 1488 on the BSE today. The story of a big operator in the scrip going short and not being able to deliver the shares on demand due to not obtainingthe demat scrips on time still continues.

Refinery stocks firm

Refinery stocks continued to be firm and hit the upper circuit on FII buying. HPCL at Rs 254.45, BPCL at Rs 245.95 and Indian Oil at Rs 305.45 hit the upper limits of the circuit breaker on BSE. Among others, Tata Power at Rs 85.65 hit the upper limit of the circuit breaker. Ashok Leyland, IPCL, Bharat Forge, BPL, Arvind Mills, retreated after hitting the upper circuit in the morning.

Institutional deals

UTI is rumoured to have bought 1 lakh shares of Pentafour Software and 25,000 shares of NIIT. Grasim hit the lower end of the circuit but saw a lot of operator interest during at the bottom. The Canbank offshore fund is rumoured to have bought 2 lakh shares of SBI and the FII Prudential is rumoured to have bought 5 lakh shares of SBI. In the cross deal section Tata Power saw a cross deal of 1.25 lakh shares done by UTI Securities at Rs 85.50. A cross deal of 75,000 shares was reported in the the counter of Indal at a price ofRs 341.

Contributed by Parul Monga