31 Dec 2009 9:45

31 Dec 2009  09:35



Asian Updates :

SGX Nifty : +36 (5205)

Hang Seng : +265.17 (21761.79)

Nikkei : -91.62 (10546.44)

STI : +6.32 (2886.08

SSE : +9.78 (3272.38)



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Buy Hindoilexp 282 321 (Positional)

Buy Oilcountub 125 140 (Positional)

Buy Dskulkarni 69 80 at 72

Buy MLL 55 64

Buy Videoind 223 237 Positional

Buy Finantech 1348 1400 Abv 1362

Buy Provogue 56.5

Buy Aptecht Watch abv 186

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Karurvysya Watch

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Buy Axisbank 976 1025 Abv 987

Buy LITL 561 584 Abv 572

Buy Jindalswhl 1798 1888

Buy Maruti 1566 1594 Abv 1577

Punjlloyd Watch abv 210



Sell GTOffshore 511 482 Below 499

Sell Techm 995 940 Below 982, Positional





Stocks in News :

MTNL: from Sources

MTNL to offer VRS to increase efficiency

MTNL wants govt to foot Pension Bill; Pension bill went up to Rs 2,200 crore in last fiscal

Board meets today:

Himadri Chemical to consider fund raising

Lloyds Steel: issue of warrants to promoters

LML (FY09 September ending)

Net sales at Rs 156.1 crore versus Rs 106.6 crore

Net loss at Rs 51.6 crore versus loss of Rs 57.5 crore

Punjab & Haryana HC dismisses scheme of arrangement between Amtek Auto, Amtek India, Ahmednagar forging on valuation

DLF restructuring could see company turn into holding firm; 5 sub entities planned – FE

Taro AGM today, will see vote of shareholders on indemnification of directors and re-election of management

NTPC to foray into solar energy operations; plans to generate 301 MW via solar energy by March 2014

Kingfisher still in NSE F&O curb, Aban out

Panacia Biotec board approves buyback at a maximum price of Rs 189 (CMP: 211)

Ban on futures trading in sugar extended till September – PTI

3G auction likely by February 13; last date to apply January 25 – BL

ONGC draws a blank in Kerela Konkan basin; Drilling project cost pegged at more than Rs 400 crore BL

Export duty on iron ore to push back dispatches by 4.5% or 6 MT – BL

Tata Steel, SAIL hike prices on soaring input costs; JSW Steel, Essar, Bhushan to take hikes in January.

Emami offloads 19.6% in Zandu Realty @ Rs 6545/share; Emami stake down to 53.2%, values Zandu at over Rs 500 crore.

Shipping ministry identifies 17 new port projects on PPP basis.

JSL to hike production capacity to 2.5 MT from current 1.6 MT.

Hotel Leela successfully cancels $25 million of FCCB’s this month; Exposure reduced to $ 66.6 million.

JSPL (Jindal Steel & Power) may raise Rocklands Richfield offer to $ 176 million.

FIIs Net :

NSE F&O Dec series expiry today

FIIs net buy USD 82.3 million in equities on December 29

FIIs net buy Rs 113 crore in cash markets on December 30 (prov)

DIIs net buy Rs 69 crore in cash markets on December 30 (prov)

FIIs net sell Rs 278 crore in F&O on December 30



Rollover Scenario :

The Nifty January 5300 Call added 4 lakh shares in Open Interest and Nifty Jan 5000 Put added 4 lakh shares in Open Interest. Highest outstanding Open Interest was seen at December 5200 Call.

Marketwide rollover was at 67% versus 65% last series and Nifty rollover at 58% as against 64% last series. Low rollovers were seen in PSU banks and oil marketing companies.

Over 60% rollovers were seen in IFCI, Unitech and Suzlon. Stock futures shed 2.5 crore shares in Open Interest.

The Nifty January Open Interest PCR (put-call ratio) was at 1.25. The Nifty January 5300 Call added 4 lakh shares in Open Interest and Nifty Jan 5000 Put added 4 lakh shares in Open Interest. Highest outstanding Open Interest was seen at December 5200 Call.

Indian Hotels gained 4%. Its cost of carry (CoC) was up and its futures Open Interest rose 15%. Same trend was seen in Hotel Leela.

Fresh long positions were seen in Tata Chemical. The stock rose 3.5% and its futures Open Interest was up 22%.



Marketwide rollover at 67% versus 65% last series

Nifty rollover at 58% versus 64% last series

Over 80% rollovers in Cairn, Rel Power, Maruti

Over 70% rollovers in M&M, Bharti, Idea

Over 70% rollovers in cement stks

Low rollovers in PSU banks, OMCs

Long build-up in hotel stocks

Over 60% rollovers in IFCI, Unitech, Suzlon

Stock Futures shed 2.5 crore shares in Open Int

Nifty Jan Open Int PCR at 1.25

Nifty Jan 5300 Call adds 4 lakh shares in Open Int

Nifty Jan 5000 Put adds 4 lakh shares in Open Int

Nifty Dec 5200 Put sheds 21 lakh shares in Open Int

Highest outstanding Open Int in Dec 5200 Call

Nifty Dec 5200 Call adds 6 lakh shares in Open Int

FIIs in F&O on December 30

Net buy Rs 44 crore in Nifty Futures

Net sell Rs 224 crore in Nifty Options


US Markets :

the Dow and the Nasdaq eked out fresh highs for the year. The Standard & Poor's benchmark index is up 25% for 2009, putting it on track for its best year since 2003. Most of the advance is the result of the nine-month rally the market has seen as investors turned bullish on prospects for the economic recovery. The S&P 500 is up a whopping 66.5% since its March 9 closing low.

The US stocks spent almost the entire session trading with moderate losses until some late support helped the major indices improve their position. However, lift came on light volume and without leadership. Better-than-expected report on Midwest manufacturing helped sentiment.

The Dow Jones industrial average added 3.10 points, or 0.03%, at 10,548.51. The Standard & Poor's 500 Index was up 0.22 point, or 0.02%, to finish at 1,126.42. The Nasdaq Composite Index gained 2.88 points, or 0.13%, to close at 2,291.28.

Encouraging economic data provided support to the market. The Chicago purchasing-manager's index jumped to 60 in December from 56.1 in November, the highest since January 2006 and well above expectations. The employment gauge also rose, hitting its highest since November 2007.

The dollar continued to see volatile movement. The dollar index gained 0.5% but eventually pulled back to settle with a gain of just 0.1%. It is right now trading close to the 78 mark. Meanwhile, the greenback is at a 3-month high against the yen and on track for its best monthly gain against the euro.

Crude prices were fairly volatile following a slightly less-than-expected draw in inventory data. Prices eventually rose above USD 79.

Indian ADR :

Indian ADRs: Infosys, Wipro, Patni, Tata Comm, MTNL, ICICI Bank, Sterlite and Dr Reddys gained, while Satyam, HDFC Bank and Tata Motors was down.



Govt extends sugar futures suspension till Sep '10 :

The government has decided to extend a ban on the trade of sugar futures till September end, 2010, as domestic output has fallen substantially, the commodities market regulator said on Wednesday.

Mkts see record FII inflows in '09 so far

Buying by foreign institutional investors (FIIs) into Indian stocks reached a record high in 2009 as stocks markets in the countries saw a phenomenal rally.

So far, for 2009, FIIs have remained net buyers of equities to the tune of Rs 83,070 crore. Gross purchase stood at Rs 6,22,820.40 crore while gross sales were at Rs 5,39,750.30 crore. During the same period — between January and December — the Sensex rose 78%. There is every possibility that as data for trading for the last three days of the year turns in, 2009 will go down as the year for the highest-ever FII inflows.

Data suggest FII inflows also bettered the 2007 record — when the BSE Sensex was nearing the all-time 21,000 mark that it reached in January 2008.

Indian stock markets outperformed almost every other index in the world and rose by more than 100% between March, when equities bottomed out during the global financial crisis, and December.

Earlier, in 2007, FIIs remained net buyers to the tune of Rs 71,486.50 crore — the previous record — while the Sensex climbed 47% that year. (See table below)

Contrast this with 2008, FIIs discriminately pulled out money from Indian stocks, which was one reason why the Sensex plunged from record 21,000 levels to a low of 8,000.

The latest data prove Indian companies are the latest hub of growth in a world still battling the financial crisis and among investor hot spots. The Indian economy grew at 7.9% this quarter even as most economies in the developed world struggle to get out of negative growth.



Year Equity (Rs. Crore) Sensex % Chg

Purchase Sales Net

2009 622820.40 539750.30 83070.09 78%

2008 721606.00 774593.10 -52987.10 -52%

2007 814877.00 743390.70 71486.50 47%



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