20 Jan 2010 Morning Alerts

20 Jan 2010 Morning Alerts:
Asian Markets:
SGX Nifty : +8(4232)
Hangeseng : -239(21439
Nikkei: +53.91(10818)
Recommendations:
Market may open flat on mixed Asian Indices.Nifty may trade narrowly between 5230-5250, either side breaking will give a movement for next 25-30 points.
Note : Follow Buy calls in positive bias and v.v.
Buy :
TCI(short term delivery)
IOB sl 112  Trg 120
Bhartiartl abv 324
Bhel sl 2391  Trg 2437
Herohonda abv 1677
Hindalco abv 168
ICICIBank abv 868
Ranbaxy abv 517
Rcom(Bounceback expected)
Sell:
HDIL sl 389  Trg 378
Divislab sl 690  Trg 625(positional)
Renuka sl 227  Trg 210
Stocks in News :
Results today: Wipro, Dr Reddys, HDFC, HDIL, JSW Steel, India Infoline, KPIT Cummins, Polaris, Praj Industries, Sun TV, Triveni (also for restructuring), TVS motor, Yes Bank, DCM Shriram Cons, Four soft, Fresenius Kabi, IBN18 Broadcast, JK Tyre, Kingfisher, Mahindra Holiday and Resorts, Mah Lifespace dev, Mangalam Cem, Mukand, Nitin Fire protection, Radico Khaitan, Raymond, Spice comm, Surya Roshni, TV18, Walchandnagar

Jubilant Foodworks IPO (closes today)
Total Oversubscription at 4.04 times
QIB at 9.8927 times; NII at 2.2565 times; Retail at 0.24 times
Oil Companies’ – Q3 subsidy: Sources :
Oil Companies' October-December upstream subsidy at Rs 4,361 crore
ONGC's October-December subsidy burden at Rs 3,497 crore
Oil India's October-December subsidy burden at Rs 468 crore
GAIL's October-December subsidy burden at Rs 397 crore
Indian Oil to get Rs 2,276 crore upstream subsidy in October-December
BPCL to Get Rs 1,121 crore upstream subsidy in October-December
HPCL to get Rs 964 crore upstream subsidy in October-December
MRPL Q3:
Net profit at Rs 259 crore versus loss Of Rs 285 crore (YoY)
Net sales at Rs 9,159 crore versus Rs 7,534 crore (YoY)
GRM at $4.51/bbl
Throughput at 3.4 mt versus 3.11 mt (YoY)
Turnover in company has shown 20% increase
Q3 inventory gain of Rs 299 crore; saw inventory gain of $2.54/bbl
SREI says court asks LIC, GIC to complete DPSC stake sale by January 29:
ALERT: SREI consortium won bid to buy out LIC, GIC stake in DPSC
MindTree Q3
Standalone net sales at Rs 309.5 crore versus Rs 311.6 crore (QoQ)
Standalone net profit at Rs 50.5 crore versus Rs 48.2 crore
Consolidated net sales at Rs 331.9 crore versus Rs 315 crore (QoQ)
Consolidated net profit at Rs 53.7 crore versus Rs 49.8 crore (QoQ)
Indian ADRs: HDFC Bank up 7.7%, ICICI Bank up 5.4%, Wipro up 4.6%, Dr Reddys Labs down 3% US Markets:

IFCI still in NSE F&O curb
Jubilant Organosys board meet on January 21 to raise funds via ADR/GDR/QIB
Jet plans to phase out no-frill Jet Konnect – DNA
Teva Files patent suit against Lupin in US, Indian company banned from selling generic version of Birth control drug for 30 months – ET
Maharashtra govt hikes FSI from 2.5 to 3 for buildings come up between 1940-1960 – BS (To benefit companies like Orbit and Ackruti)
Foreign Telcos may stay out of 3G auction on raw 2G deal – ET
Syncom Healthcare IPO opens of Jan 27, closes on Jan 29, price band Rs 65-75/sh
Himatsingka Seide sets up 12.5MW thermal captive co-generation power plant; 1st phase already commissioned; 2nd in March
Karuturi Global board meet on 29th to consider fund raising (postponed)
Aqua Logistics IPO to open on January 25, close January 28; price band Rs 220-230/share
Ranbaxy enters vaccines arena with acquisition of product rights & manufacturing facility from Biovel
Religare Enterprise Q3
Net profit at Rs 21.5 crore versus Rs 44 crore
Revenues Rs 376 crore versus Rs 381 crore
Sonata Software Q3:
Consolidated net profit at Rs 22 crore versus Rs 19.9 crore (QoQ)
Consolidated total operating income at Rs 338 crore versus Rs 397 crore (QoQ)Elder Pharma Q3:
Net profit at Rs 15.3 crore
Net sales at Rs 180 crore
Astral Poly Q3
Net profit at Rs 6.3 crore versus Rs 1.4 crore
Net sales at Rs 68 crore versus Rs 45 crore
UB Engg Q3
Net profit at Rs 7 crore versus Rs 5.7 crore
Net sales at Rs 101 crore versus Rs 100 crore
Wabco TVS Q3
Net profit at Rs 24 crore versus Rs 1.3 crore
Net sales at Rs 168 crore versus Rs 76 crore
JK Lakshmi Cement Q3
Net profit at Rs 45 crore versus Rs 56 crore
Net sales at Rs 353 crore versus Rs 298 crore
Market cues:

FIIs net buy USD 64 million on January 18
Total F&O Open Interest up by Rs 1623 crore at Rs 114,035 crore
FIIs net sell Rs 362 crore in cash on January 19 (Prov)
DIIs net buy Rs 22 crore in cash on January 19 (Prov)
FIIs net sell Rs 272 crore in F&O on January 19
F&O cues:

Total Futures Open Int down by Rs 6 crore, Total Options Open Int up by Rs 1629 crore
Stock Futures Add 1.4 crore shares in Open Int
Nifty Calls add 22.5 lakh shares, Nifty Puts add 4 lakh shares in Open Int
Nifty PCR at 1.28 versus 1.34
Nifty Futures add 4 lakh shares, Futures at a 12 point discount
Nifty 5200 Call Adds 8.2 lakh shares in Open Int
Nifty 5300 Call Adds 8.5 lakh shares in Open Int
Nifty 5200 Put Sheds 5.8 lakh shares in Open Int
Nifty 5300 Put Sheds 4.3 lakh shares in Open Int
FIIs in F&O on January 19
FIIs net sell Rs 682 crore in Nifty Futures
Nifty Futures Open Int down by 7,897 contracts
FIIs net buy Rs 547 crore in Nifty Options
Nifty Options Open Int up by 36,857 contracts
FIIs net sell Rs 116 crore in Stock Futures
FIIs net sell Rs 22 crore in Stock Futures

Wall Street ends at 15-month high.
The Dow gained 115.78 points, or 1.1%, to 10,725.43. The Standard & Poor's 500 index added 14.20 points, or 1.3%, to 1,150.23. The Nasdaq composite index rose 32.41 points, or 1.4%, to 2,320.40.

Strength in health care stocks helped markets to move higher across the board today. The Dow gained 116 points, the Nasdaq rose by 32 points and the S&P was higher by 14 points.

Earning season is now in full swing with 60 companies in S&P 500 reporting this week. Citigroup posted a Q4 loss of USD 7.6 billion in line with analyst estimates. The bank took charges related to repaying US 20 billion in TARP funds to the government. Citi stock was up more than 3% today on the news.
Tech giant IBM reported strong Q4 earnings. Its revenues rose 1% to USD 27.2 billion beating analyst estimates. The company also raised its profit target for 2010.
Cadbury has accepted a merger offer from Kraft Foods; the USD 19 billion deal ends 6 months of talks and once completed will create the worlds biggest candy company.
US Homebuilders sentiment fell expectedly this month as concerns over a weak labour market and the large number of foreclosed homes weighed on Homebuilders. The reading of 15 was below estimate of 17.

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. 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.