7 Jan 2010

07 Jan 2010 08:45



Asian Markets :


SGX Nifty : +1(5292.50)
Hang Seng : +3.01(22419.68)
Nikkei : +7.09(10738.54)

Nifty will open flat on flat global bourses.Resistance 5300,immediate Support 5240
Recommendations :
Note : Follow Buy recommendations in +ve bias & v.v.
Buy Anantraj sl140 Trg151
Buy IBN18 sl93.5  Trg100
Buy Mahlife sl352  Trg361
Buy Glaxo sl1617  Trg1668
Buy IVRCLInfra sl360  Trg381
NDTV Watch
Conditional :
Buy Federalbnk sl240  Trg254 Abv 246 (Positional)
Buy Orientbank sl261 Trg280 (Positional)
Buy IDFC sl159  Trg170
Sell :
Sell Jisljaleqs (Below 837) sl853  Trg800
Sell HCLTech sl372 Trg360
Stocks in News :
RIL set to sell more treasury shares in next couple of days
Bharti – Warid deal underway; towards Completion; Bharti-Airtel Likely To Invest $300 m For 70% Stake In Warid
Pfizer- Strides Arcolab deal
Collaborate to commercialise off-patent Sterile Injectibles
Collaborate to commercialise off-patent oral products in US
Deal comprises 40 off-patent products, mainly for Cancer
First product to reach market in 2010
Products to be licensed to Pfizer by Strides & Onco Therapies
Strides & Onco therapies 50:50 JV between Aspen & Strides
Financial details of deal not disclosed
RIL to drill 6 more exploration wells in D6 block
Niko is RIL's junior partner in D4, D6, NEC 25 blocks
Board meets today:
Rama News Print to consider rights issue
Viceroy Hotels for fund raising & restructuring of assets
Rohit Ferro to consider rights issue
Wockhardt gets US FDA approval for Alzeimers Drug
Bilcare opened GDR issue of upto $35 million yesterday
Govt gets nod to offload 10% in BSNL – BS
USL mulls bonds issue to refinance Rs 3000 crore debt – BS
FDC buy back at maximum Rs 65/share Offer open on January 18
Piramal looking for buyouts, plans to raise Rs 1000 crore – DNA
HDIL to raise Rs 400 crore via second tranche of NCD issue
Fund Action witnessed in Adhunik Metaliks, Cranes Software and HCL Technologies.
Fund Action:
Adhunik Metaliks
Merrill Lynch buys 13 lakh shares at Rs 109 per share
Cranes Software
Deutsche Sec sells 21 lakh shares at Rs 30.10 per share
Macquarie Bk sells 21 lakh shares at Rs 30.30 per share
Swiss Fin sells 15 lakh shares at Rs 29.70 per share
HCL Technologies
HCL Corp buys 10 lakh shares at Rs 382 per share
HCL Holdings sells 10 lakh shares at Rs 382 per share
F&O cues:
The Nifty Open Interest PCR increased to 1.24 versus 1.21. Nifty 5200 Put added 8.1 lakh shares in Open Interest and Nifty 5400 Call added 4 lakh shares. Stock futures added 1.3 crore shares in Open Interest.
The Nifty futures added 5.9 lakh shares in Open Interest and ended with 7-point premium versus 4-point premium.
The Nifty Open Interest PCR increased to 1.24 versus 1.21. Nifty 5200 Put added 8.1 lakh shares in Open Interest and Nifty 5400 Call added 4 lakh shares. Stock futures added 1.3 crore shares in Open Interest.
Fresh long positions were seen in Financial Tech, Sintex, Divis Labs and Dena Bank; their cost of carry was also up. Financial Tech gained 6% and its futures Open Interest was up 37%.
Sintex rose 4% and its futures Open Interest was up 23%. Divis Labs went up 2.7% and its futures Open Interest was up 20%. Dena Bank surged 4.8% and its futures Open Interest was up 10%.
However, fresh short positions were seen in Maruti. The stock was down 3.5% and its futures Open Interest was up 16%.
Futures Open Int up Rs 1065 crore
Options Open Int up Rs 3435 crore
Nifty Futures add 5.9 lakh shares in Open Int
Nifty Futures at 7-pt prem versus 4-pt prem
Nifty Open Int PCR remains at 1.24 versus 1.21
Nifty Puts add 33.9 lakh
Nifty Calls add 20.2 lakh shares in Open Int
Nifty 5200 Put adds 8.1 lakh shares in Open Int
Nifty 5100 Put adds 4.4 lakh shares in Open Int
Nifty 5300 Put adds 3.6 lakh shares in Open Int
Nifty 5400 Call adds 4 lakh shares
Stock Futures add 1.3 crore shares in Open Int
Market cues:
FIIs net buy USD 230 million in equities on January 5
NSE F&O Open Int up Rs 4,500 crore at Rs 92,194 crore
FIIs net buy Rs 661 crore in cash markets on January 6 (prov)
DIIs net sell Rs 286 crore in cash markets on January 6 (prov)
FII data in F&O not released yet on January 6
US Market Updates :
Yesterday US markets closed flat. Alcoa, Boeing and Bank of America were the key Dow gainers.
The Dow Jones Industrial Average was up 1.66 points, or less than 0.1%, to 10,573.68. The broader S&P 500 Index was up 0.62, or 0.1%, to 1,137.14. The Nasdaq Composite Index was down 7.62 points, or 0.3%, to 2,301.09.
The Fed released minutes from its last meeting yesterday which indicated that some members think more stimulus measures for the economy may be desirable. They modestly raised their projection for GDP growth for the second half and into 2011 and said they see lower core inflation in the next few years.
In key economic data, the ADP said December job losses dropped to 84,000, below the 90,000 estimate. And the December ISM service index improved to 50.1 from 48.7 that was registered in November.
In the Forex market, the dollar fell against the euro after fed minutes suggested the possibility of more stimulus measures for the economy.
In commodities, crude prices rose nearly 2% to a 14 month high on expectations that cold weather will boost heating fuel demand. The commodity touched as high as 83.52 dollar.
Copper rose to the highest price since August 2008 on speculation that demand will increase as the global economy rallies. Aluminum jumped to a 15-month high as heavy snow in China may hamper production. In other metals, zinc, nickel, lead and tin also gained.
Gold prices scaled to a three-week high as fresh New Year investment flows boosted commodities. The bullion rose to as high as 1,140 dollars an ounce.
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.