12 Jan 2010 Morning Updates

12 Jan 2010 08:56

Asian Markets :
SGX Nifty : +11(5240)
Hang Seng : -131.29(22280.23)
Nikkei : -12.23(10786.09)
Infosys Q3 Results :
Net Profit Rs.1559 Cr.
Guidance : Seen 124-125 US $ Bn
EPS Seen 105.85-106.06 in FY10
November IIP Today
Stocks in News :
Results today: Bajaj Auo, JP hydro, Mastek, Indowind Energy, Bajaj Finserv, Piramal Lifescience, TCI Finance, TTK Prestige, Magma Fincorp

IPO update (day 1)
Infinite Computer Solutions: QIB at 0.816 times; NII at nil & Retail at 0.18 times
Birla Shloka Edutech: QIB at nil, NII at 0.35 times and retail at 0.244 times
DLF: from sources
DDA (Delhi Development Authority) rejects DLF's request for Rs 900 crore refund for Dwarka Convention Center
DDA tells DLF to complete project; else face penalty or suit
DLF not keen as DDA said it can't form consortium for executing project
DLF declines to comment
Alert
Refund from DDA central to DLF's monetization plan
DLF was sole bidder in 2007 for DDA auction for Dwarka Convention Center
Bharti Airtel : Bharti Airtel-Warid deal announcement likely today: From Sources
Alert: Bharti to take 70% in Warid Telecom from UAE's Dhabi Group
NTPC divestment update
NTPC filed DRHP yesterday
NTPC issue via french auction route; govt expects NMDC issue to raise Rs 14,000 crore
Alert: NTPC issue Feb 3-5
Have 18000 MW under construction; working on additional 10000 MW
Growth likely to be higher at 13% CAGR over next few years
Targeting gas based projects in twelvth plan
First merchant power plant in Korba to be operational by May June 2010
Second merchant power plant - farakka to be commissioned in FY11
Working on six coal blocks; targeting 25% of captive coal sourcin by FY17
Fresh long positions : Jindal Saw, Mercator Lines, GE Shipping and MTNL; their cost of carry was also up. Jindal Saw rose 8% and its futures Open Interest was up 24%.

The Nifty futures added 10 lakh shares in Open Interest and closed with 7 points premium versus 5 points discount. Nifty 5300 Call added 4 lakh shares in Open Interest. Stock futures added 1.7 crore shares in Open Interest.

Mercator Lines surged 6.3% and its futures Open Interest was up 14%. GE Shipping gained 6.6% and its futures Open Interest was up 33%. MTNL shot up 6% and its futures Open Interet was up 9%.
Unitech moved up 4.5% and its futures Open Interest was down 5%. The stock was up 8% in 2 days.
Fund Action:

Western India Shipyard
AAR Fin brokers sells 8.4 lakh shares at Rs 13 per share
Shri Lakshmi Cotyson
Citigroup Mkt Mauritius buys 2 lakh shares at Rs 118 per share
Kinetic Motors
Copthall Mauritius sells 1.64 lakh shares at Rs 32 per share
Store One Retail
JM Fin sells 1.7 lakh shares at Rs 191 per share
Supreme Infra
Pru ICICI MF sells 2.64 lk shrs at Rs 194 per share
Core Projects
Sharad Shah buys 4.75 lakh shares at Rs 203 per share
ABG Infra
DB Mauritius sells 79,000 shrs at Rs 171
Alfered Herbert
National Insutance sells 7225 shares at RS 170 per share
Magma Fin
Citigroup Global Mkt Mauritius buys 7.5 lk shares at Rs 185 per share
Network Stk Broking
Albula Investment sells 5.44 lakh shares at Rs 54 per share
IPRO Funds Ltd buys 5.4 lakh shares at Rs 54 per share
F&O cues:

Futures Open Int up Rs 1511 crore
Options Open Int up Rs 1706 crore
Nifty Futures add 10 lakh shares in Open Int
Nifty Futures at 7-pt prem versus 5-pt discount
Stock Futures add 1.7 cr shares in Open Int
Nifty Open Int PCR at 1.24 versus 1.23
Nifty Puts add 15.4 lakh shares in Open Int
Nifty Calls add 10.7 lakh shares in Open Int
Nifty 5300 Call adds 4.1 lakh shares in Open Int
Nifty 5200 Put adds 3.5 lakh shares in Open Int
Nifty 5200 Call adds 1.8 lakh shares in Open Int
Far Month Options
Nifty March 4500 Put adds 3.6 lakh shares in Open Int
FIIs net buy Rs 3041 crore in cash markets on January 11(Prov)
DIIs net buy Rs 322 crore in cash markets on January 11 (Prov)
US Markets :
The Dow was up 45.80 points, or 0.4%, to 10,663.99. The S&P 500 index added 2 points, or 0.2%, to 1,146.98, while the Nasdaq was down 4.76 points, or 0.2%, to 2,312.41.

It was a lackluster trading session for US markets, but the Dow and the S&P 500 closed at fresh 15-month highs as shares of big manufacturers advanced on strong Chinese economic data. The Nasdaq fell as tech shares succumbed to profit-taking.
Earnings season kicked off with Alcoa reporting numbers after the bell. The aluminum giant reversed a loss from a year earlier, but still reported earnings that fell well short of Wall Street's estimates. The CBOE index continued to plunge, falling more than 3%.
In Forex markets, the dollar is trading near a three-week low against the euro on comments from a Federal Reserve official that US interest rates should stay low for some time. The dollar index is trading at around 77.

Crude prices pared gains after hitting a fresh 15-month high. Weather forecasters said the worst of the cold spell, which swept across the United States and helped support energy prices over the last two weeks, was nearly over.
Copper rose as imports of the metal into China climbed for a second month. The metal advanced more than a percent. In other metals aluminum, tin and zinc also rose.
Disclaimer :
This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein.Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.
Contact Details : email : info@integrity.org.in