05 Feb 2010

5th Feb 2010:
Nifty will take a support at 4670/4440 as the global sentiments especially European have become worst,as the debts are rising teh cascading effect has come on Asian , Hangseng and Nikkie are down by 3%. No expectation from our market to open extraordinarily. It will open inline with the global cues. Conditions are not so bad in India but use teh strategy of wait and watch unless global markets will shwo any recovery.
Recommendation :  Book profits and cut losses.
Here are stocks that are in news today:



NTPC FPO (closes today)
Total subscription at 0.8 times (X)
QIB at 1.57X, NII at 0.0767X, Retail at 0.033X, employee at 0.099X
Ambuja Cement CY09:
Consolidated net profit at Rs 1,217 crore versus Rs 1,390 crore
Consolidated net sales at Rs 7,077 crore versus Rs 6,247 crore
Ambuja Cement Says:
Cement demand growth seen at 9-10% in medium-term
Outlook for exports remains uncertain
ING Vysya Life stake sale profit at Rs 72.64 crore
Vishal Retail: From Sources
Vishal Retail promoters may be forced to exit
Strategic investor ready to put Rs 250 crore for majority stake
Promoter wants lenders to put Rs 100 crore in company
Co's Group President quits due to differences with promoters
Vishal Retail Says:
Strategic investor has tabled to CDR committee
Will take necessary steps in interest of co & stakeholders
Have not yet asked for an extension of CDR deadline
Group President quit for better opportunities
Other stocks that are in news today:
Indian ADRs: Tata Motors down 8.5%, Sterlite down 6.8%, ICICI Bank down 6%, Patni down 5.7%, Wipro down 5.4%
Unilever CEO: HUL an underperformer, not happy with Indian arm’s performance – Mint
Oil Secretary says expect cabinet decision on Parikh report before Budget
DB Realty sets IPO price at Rs 468/sh; lower-end of price band: DJ
L&T and EADS revive talks of defence JV (earlier rejected by govt)
Sun Pharma barred by Israeli SC from taro warrant conversion (would have raised stake to 41% from 36%)  ET/FE
Govt imposed anti-dumping duty on carbon black of upto Rs 20 – BS
BEML, Siemens signed agreement to jointly manufacture market rail coaches - BL
Hind Zinc cut prices by Rs 9600/tonne
PVP Ventures board approves fund raising upto Rs 500 crore (stock up 10%)
Ansal Housing launched new township project "Ansal Town". The project is expected to have a turnover Rs 125 crore and will be completed over next 3 to 4 years
Vakrangee Software board meet on February 8 to issue of equity shares to promoters (stock down 6.2%)
Multiplexes like PVR, cinemax, Fame, Inox roped in screen IPL matches – ET
HMT may get revival package by early FY11 – ET
F&O cues: Stock Futures add 2.1 cr shares in OI
F&O cues:
Total Futures OI (open interest) up by Rs 406 crore
Total Options OI up by Rs 2,338 crore
Stock Futures add 2.1 crore shares in OI
Nifty Calls add 8.2 lakh shares in OI
Nifty Puts adds 31 lakh shares in OI
Nifty PCR at 1.15 versus 1.10
Nifty Futures shed 21.3 lakh shares
Nifty Futures 5-point discount
Nifty 4800 Put adds 9.4 lakh shares in OI
Nifty 4900 Put adds 7.9 lakh shares in OI
Nifty 4800 Call sheds 5 lakh shares in OI
FIIs in F&O - February 3, Source : NSE
FIIs net buy Rs 2447 crore in Nifty Futures
Nifty Futures OI up by 75,436 contracts
FIIs net buy Rs 9 crore in Nifty Options
Nifty Options OI up by 21,903 contracts
FIIs net buy Rs 452 crore in Stock Futures
Stock Futures OI up by 16,336 contracts
FIIs net buy Rs 46.5 crore in Stock Options
Stock Options OI up by 2,394 contracts
Market cues: FIIs net buy Rs 396 cr equities on Feb 3
Market cues
FIIs were net sellers to the tune of USD 67.5 million in cash markets on February 2, reports CNBC-TV18. MFs were also the net sellers of Rs 247 crore in cash markets.
FIIs net bought Rs 396 crore and DIIs net bought Rs 0.5 crore in cash markets on February 3, as per provisional data.
FIIs were also the net buyers of Rs 2,954 crore in F&O on February 3.
Indian ADRs witness sharp sell-off, down 3.5-8.5%
Indian ADRs ended deep in red on Thursday. In IT space, Infosys was down 4.72% at $ 50.69, Satyam Computers was down 3.52% at $ 4.94, Wipro was down 5.36% at $ 19.78 and Patni Computers was down 5.71% at $ 19.31.
In Banking space, ICICI Bank was down 6.03% at $ 34.77 and HDFC Bank was down 4.79% at $ 115.79. In Telecom space, Tata Communication was down 5.27% at $ 13.11 and MTNL was down 5.1% at $ 2.98.
In other sectors, Tata Motors was down 8.45% at $ 14.41, Sterlite Industries was down 6.81% at $ 15.61 and Dr Reddy’s Labs was down 2.74% at $ 24.12.
Wall St falls 3% on Europe debt worries, US jobless claims
It was a brutal sell-off on Wall Street. The Dow fell below 10,000 for the first time since last November and the S&P 500 slipped towards the 1050 mark amid worries about the job market and Europe's ability to get a grip on its debt.
Financials were a big drag with Bank of America, JP Morgan, Citi and Goldman Sachs, all down 4% to 5%.
Volume was heavy, with 11.21 billion shares traded. Decliners outpaced the advancers, roughly in a 14 to 1 ratio.
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