02 Feb 2010

02 Feb 2010:
Yesterday's bull rally will continue today also. Nifty may open at 4930-4940. Nifty has resistance at 4950 on closing bases, profit booking may be expected in the last session.
Recommendation:
Buy :
Lupin
KBRL
Colpal
Tulip
Mastek
Dabur
TCI
Stocks in news: UCO Bk, JSPL, ACC, Tata Motors, Hero Honda
Here are stocks that are in news today:
IPO Corner
DB Realty (closes today)
Total subscription at 2.08 times (X)
QIB at 3.286X, NII at 3.145X, Retail at 0.02X
Aqua Logistics (closes today)
Total subscription at 0.77X
QIB at 0.093X, NII at 1.616X, Retail at 1.367X
Emmbi Polyarns (closes tomorrow)
Total subscription at 0.06X
QIB at 0.1X, NII at 0.011X, Retail at 0.01X
Fiscal Deficit story: exclusive
Revised 2009-10 Fiscal Deficit may be pegged lower than estimates
Revised Fiscal Deficit for 2009-10 may be 6.1%-6.3% of GDP
Alert: Budget 2009-10 pegged Fiscal Deficit at 6.8 % of GDP (Rs 4,00,996 crore)
Fiscal Deficit projection likely at around 5.5% for FY11
2009-10 govt revenues to get strong disinvestment push
Fiscal Deficit to better on improved tax & non-tax revenue
December exports up 9.3% at USD 14.6 billion (YoY)
Tata Motors: January Auto Sales
Total sales up 77% at 65,478 units (YoY)
Domestic sales up 74% at 62,202 units (YoY)
Exports at 3,276 units versus 1,227 units (YoY)
Nano sales at 4,001 units
Passenger vehicle sales up 43% at 28,547 units (YoY)
Commercial vehicle sales at 35,957 units versus 17,373 (YoY)
Hero Honda January auto sales
Total sales at 3.89 lakh units versus 3.15 lakh units (YoY)
Hero Honda says to launch 3 new products in next 2 months
Other stocks that are in news today:
Indian ADRs: Tata Motors up 7%, Wipro up 6.6%, Patni up 6%, Tata Communications up 5.4%
ACC January cement sales at 1.91 mt versus 1.89 mt (YoY)
Oil marketing companies may slip further into red once roadmap for BS III complaint fuel is released on February 15 – BL
Govt set to increase spectrum charges for existing mobile players by up to 50% - HT
Govt may offload stake in PSU Banks without losing control by selling stake to statutory organizations like LIC, EPFO, GIC – BL
Jindal Steel & Power (JSPL) in race to acquire Zimbabwe’s largest steel player Ziscosteel, ArcelorMittal only other bidder – BS ((Deal value could be $600 million -$1 billion))
Great Offshore board meet today to consider raising of funds by way of further issue of securities
UCO Bank board okays issue of 60 million shares via FPO or QIP
Aditya Birla Financial Services in pact with Woori Investment; to help raising fund about USD 500 million
Colgate Palmolive buys balance 25% in Professional Oral Care; says stake worth Rs 2.4 crore
F&O cues:

Total Futures Open Int up by Rs 1,052 crore
Total Options Open Int up by Rs 2,572 crore
Stock Futures add 1.2 crore shares in Open Int
Nifty Calls add 20.5 lakh shares in Open Int
Nifty Puts adds 18 lakh shares in Open Int
Nifty PCR at 1.14 versus 1.15
Nifty Futures add 1.1 lakh shares
Futures flat versus 6-pt discount
Nifty 4900 Put adds 3.85 lakh shares in Open Int
Nifty 4700 Put adds 3.5 lakh shares in Open Int
Nifty 4800 Put adds 3.4 lakh shares in Open Int
Nifty 5000 Call adds 3.2 lakh shares in Open Int
FIIs in F&O on February 1
FIIs net buy Rs 544 crore in Nifty Futures
Nifty Futures Open Int up by 9,338 contracts
FIIs net buy Rs 47 crore in Nifty Options
Nifty Options Open Int up by 81,179 contracts
FIIs net sell Rs 23 crore in Stock Futures
Stock Futures Open Int up by 20,007 contracts
FIIs net buy Rs 121 crore in Stock Options
Stock Options Open Int up by 12,533 contracts
Market cues:
FIIs net buy $ 42.5 million on January 29
MFs net buy Rs 636 crore on January 29
Total F&O Open Interest up by Rs 3,625 cr at Rs 96,189 cr
FIIs net sell Rs 494 cr in cash mkts on February 1 (prov)
DIIs net buy Rs 200 cr in cash mkts on February 1 (prov)
FIIs net buy Rs 737 cr in F&O on February 1 (prov)
US markets end higher
Markets rally on the first day of February filled by positive manufacturing data across the globe, the Dow rose 118 points, the Nasdaq was higher by 24 and the S&P 500 gained 15.

Stocks cheered some better than economic news, the January report from the institute of supply management shows an increase to 58.4 the highest level in 5.5 years. The key measure of the US manufacturing sector grew for a sixth consecutive month.
President Obama unveiled its 3.8 trillion dollar Federal Budget for 2011, in the plan a USD 100 billion job package, more education spending and higher taxes on families earning more than USD 250,000 a year, President Obama is projecting USD deficit will hit 1.6 trillion dollars in 2010 but says he hopes to reduce that number by 2011.


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.


Contact Details : email : info@integrity.org.in