Wednesday, February 3, 2010

03 Feb 2010

03 Feb 2010  08:55
Nifty will open around 4830-4840 on positive global cues.Again it may resist at 4950 level alongwith 5000 mark would be the herculean task to cross and sustain.Banking Stock specific rally is expected.
Asian Markets :
HangSeng : +224.93(20497.11)
Nikkei : +29.51 (10400.60)
Recommendations :
Tip : Follow buy recommendations in positive market bias.
Buy :
Symbol        sl      Trg    Specification 


Manglmcem 160    170     Positional


Adanient     464    480  


Chi                                Abv 45.1


Corpbank     436    450  


Drreddy      1158   1192   Abv 1169 if sust


Mundraport   620   641     Positional


Ultracemco   960   982     Abv 966


Jyotistruc     172   185     Positional abv 177 if sust


Mphasis       685    709    If sustained above 695 


HDFC          2418  2495    If sustained abv 2455


Stocks in News :



NTPC FPO open today to February 5th; floor price at Rs 201/share
IPO update:
DB realty (closed)

Total subscription at 2.95 times (X)
QIB at 4.46X, NII at 4.24X, Retail at 0.366X

Aqua Logistics (closed)
Total subscription at 1.94X
QIB at 0.258X, NII at 5.06X, Retail at 3X

Emmbi Polyarns (closes today)
Total subscription at 0.99X
QIB at 0.365X, NII at 5.26X, Retail at 0.05X, employee at 0.003

Sugar quota
Source says Govt may ask mills to sell sugar quota on weekly basis: NewsWire18
Govt says mills to report actual sugar sale, despatch on weekly basis: 

Steel price hike:
SAIL hikes steel prices on flat products by Rs 500/tonne
Essar Steel, JSW Steel hike prices on flat products from February 1
Prices on long products remain unchanged
Tata Steel has not yet hiked prices; may follow suit

Bank of India's NPA woes      
One A/c responsible for rise in NPAs is Paramount Airlines; has Rs 200 crore exposure.
Paramount Airlines unable to pay interest to BoI for over 2 quarters
BoI contemplating to take legal action; has board approval
BoI has provided 20% for its exposure to Paramount Airlines
No response from BoI or Paramount Airlines

E&P Offshore Royalty: From Sources:
Centre considering sharing E&P offshore royalty with states
Draft Cabinet note on move being examined by Finance Ministry; final call to be taken by Finance Ministry
If accepted, proposal could figure in Budget 2010-11

Rocklands slumps 22% after ending takeover talks with Jindal Steel; Indian company’s bid was “commercially unacceptable.”
Citi to sell 5% in MCX to Ashmore for Rs 185 crore ((
FT
in focus)) – Mint
Infinite Computer Solutions to list; issue price at Rs 165, raised Rs 190 crore
Indian ADRs:

Dr Reddys Labs up 4.4%
MTNL down 2.2%
Rcom finds little interest in sale of Flag business worth USD 3 billion.
Puravankara to bid for airports, subsidy scouting for foreign partner
Some procedural aspects of
Direct Tax Code may figure in Budget 2010-11

Venus Remedies launches India's First Infusion FDC antibiotic to fight GI infections
Electrosteel Casting sets QIP floor price at Rs 49.65/shareBalaji Amines board meet on February 10 to consider and approve setting up of a hotel at solapur.

F&O Cues: Total Futures Open Int up by Rs 1,165 crore
Total Options Open Int up by Rs 4,332 crore



Stock Futures add 66.5 lakh shares in Open Int
Nifty Calls add 43.8 lakh shares in Open Int
Nifty Puts adds 32.5 lakh shares in Open Int
Nifty PCRORE at 1.10 versus 1.14
Nifty Futures add 25.4 lakh shares
Nifty Futures flat Vs 9-pt discount
Nifty 4900 Call adds 11.9 lakh shares in Open Int
Nifty 4800 Call adds 8.5 lakh shares in Open Int
Nifty 4800 Put adds 10.5 lakh shares in Open Int
Nifty 4500 Put adds 9.3 lakh shares in Open Int
FIIs in F&O on February 2FIIs net sell Rs 418 crore in Nifty
FuturesNifty Futures Open Int up by 30,251 contracts
FIIs net sell Rs 328 crore in Nifty
OptionsNifty Options Open Int up by 81,732 contracts
FIIs net buy Rs 239 crore in Stock Futures
Stock Futures Open Int up by 4038 contracts
FIIs net buy Rs 110 crore in Stock Options
Stock Options Open Int up by 1370 contracts
Market cues:
FIIs net sell USD 68.6 million on February 1
MFs net buy Rs 32.5 crore on February 1
Total F&O Open Interest up by Rs 5,498 crore at Rs 1,01,688 crore
FIIs net sell Rs 455 crore in cash mkts on February 2 (Prov)
DIIs net buy Rs 42 crore in cash mkts on February 2 (Prov)
FIIs net sell Rs 396 crore in F&O on February 2 (Prov)



US Markets :
Yesterday, Dow rose 111 points and closed 10296.85 where as Nasdaq closed 18 points up to 2190.06
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.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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