Asian Markets :
SGX Nifty : -30(5184.50)
HangSeng : -216 (21070)
Nikkei : + 30 (10820)
Recommendations :
Nifty will open on a lower side as SGX Nifty was down by 30 points.Nifty has a crucial support at 5165 levels but it seems too far at the morning session.If that support breaks Nifty may test next support of 5110 for sure.If Nifty trades below 5160 levels it is advisable to hedge your portfolio or book profits.Also advisable to buy 5100 PE of Jan month expiry at the prevailing market price.
IT will hold the market as IT stocks may bounceback.
Note : Follow buy recommendations in positive bias & v.v.
Buy :
Valechaeng sl 109 Trg 117
Bhartiartl sl 328 Trg 336
Canbk sl 397 Trg 409
Maruti sl 1448 Trg 1517/1538
Sell :
Unitech sl 85 Trg 78
Aptecht sl 191 Trg 181
Ster sl 866 Trg 810(positional)
LICHSGFIN sl 815 Trg 800/788
HCC sl 153.75 Trg 146 (positional)
HDIL sl 375 Trg 361
JPAssociat sl 156.5 Trg 151
Results today: BHEL, L&T, ICICI Bank, Idea, ONGC, Kotak Mahindra Bank, IBreal, Nagarjuna Fertiliser, Indraprastha Gas, ING Vysya Bank, IB Power, IPCA Labs, JSW energy, Jindal South, Jubilant Org, biocon, brigade, Edserv, eveready, Gati, Abhishek Ind, Adhunik metaliks, Amara Raja, century ply, Lanco Ind, lakshmiOver, MIC elec, Mah forging, Morepen Labs, Navneeet Pub, NDTV, Network 18, Petronet, Piramal Health, Rolta, Sasken, Shree cem, united Spirits, Welspun Guj, WWIL, indotech, mount everest Min, Ponni Sugar, oil country tubular, JK Sugar,
Jubilant Foodworks IPO (closed):
Overall subscribed 31.11 times;
QIB 59.38 times, HNI 51.95 times, Retail 3.78 times
Shriram Transport QIP Book Opened last night
Plans to raise $125-225 million Via QIP
QIP issue priced at Rs 501/share
Citi, BoAML, IDFC-SSKI bankers to QIP issue
Karnataka Bank QIP
Karnataka Bank QIP opened last night: sources exclusive
QIP size of 91.7 lakh shares; issue priced at Rs 132.50/share
Yes Bank
Yes Bank QIP opened yesterday: exclusive form sources
QIP size at $125-150 million
MS, Goldman, CLSA bankers
Higher 2G Spectrum fee likely w.e.f January 1, 2010: sources
Alert: Higher charges approved by EGoM
Fees for 4.4 Mhz to 8.2 Mhz to be higher by 1%: Srcs
Fees for 10 Mhz to 15 Mhz to be higher by 2%: Srcs
Spectrum fee levied as % of annual gross revenue
Axis Bank in advanced talks to buy 4 lakh sq feet from Wadia Group
Axis Bank to pay Bombay Dyeing Rs 640 crore for buying tower at Worli, Central Mumbai
Deal likely to be finalised by next week
Axis Bank received board approval last Friday
F&O cues:
Total Futures Open Interest up by Rs 709 crore , Total Options Open Interest up by Rs 1802 crore
Stock Futures Add 2 crore shares in Open Interest
Nifty PCR at 1.29 versus 1.28
Nifty Futures add 3.7 lakh shares, Futures at a 7 point discount versus 12 point discount
Nifty 5100 Put Adds 3.5 lakh shares in Open Interest
Nifty 5200 Call Adds 2.9 lakh shares in Open Interest
Nifty Feb 5400 Call Adds 3.4 lakh shares in Open Interest
Nifty Feb 5000 Put Adds 3.1lakh shares in Open Interest
FIIs in F&O on January 20
FIIs net sell Rs 1,069 crore in Nifty Futures
Nifty Futures Open Interest up by 695 contracts
FIIs net buy Rs 735 crore in Nifty Options
Nifty Options Open Interest up by 44,584 contracts
FIIs net buy Rs 334 crore in Stock Futures
Stock Futures Open Interest up by 3,483 contracts
FIIs net buy Rs 4.5 crore in Stock Futures
US Markets :
The US markets gave up Tuesday's gains as earnings and the dollar's gains clipped the market's momentum after Tuesday's rally. Healthcare stocks gave up early gains, while IBM was the biggest drag on the Dow and led the declines in the technology space.
The Dow was down 122.28 points, or 1.1%, to 10,603.15. The S&P 500 index fell 12.19 points, or 1.1%, to 1,138.04, and the Nasdaq Composite Index fell 29.15 points, or 1.3%, to 2,291.25.
In earnings, Bank of America disappointed investors with a loss of 5.2 billion dollars, which was worse than expected. Among others, Morgan Stanley's earnings fell short of analysts' expectations, but Wells Fargo posted an unexpected profit.
In economic data - housing starts fell unexpectedly in December. Housing starts hit an annualized rate of 557,000. However, building permits hit an annualized rate of 653,000 in December, higher than what was expected in other data, the producer prices were flat last month.
In the currency market--the dollar rose to five-month highs against the euro as Greek bonds tumbled the dollar index is currently back to the 78 level.
In the commodity space--base metals saw deep cuts after the dollar strengthened. Copper, aluminium and zinc were all down more than 2%.
Crude prices slipped nearly 2% to below USD 78 on stronger dollar and expectations that US refiners processed less crude in the latest week.
Discalimer: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.
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