1st Feb Morning Updates

1st Feb 2010
As expected after Friday's relief rally, our market will again correct today on weak global cues.Nifty may take support at 4824 and 4740.
Recommendations :
Buy at declines :
Siemens,Bajaj-auto, Bankbaroda
Sell :
ITC
IPO Update:
DB Realty (closes tomorrow)Total subscription at 0.85 times (X)
QIB 1.35x; NII at 1.2X, retail at 0.008X
Aqua logistics (closes tomorrow)
QIB at 0.093X, NII at 0.65X, Retail at 1.28X

Thangamayil Jewellery (closed)Total subscription at 1.12X
QIB at 0.519X, NII at 1.52X, Retail at 2.26X, Employee at 0.67X
Syncom Healthcare (closed)
Total subscription at 5.17X
QIB at 0.989X, NII at 16.6X, Retail at 6.24X
Vascon Engineers (closed)
Total subscription at 1.22X
QIB at 1.12X, NII at 3.64X, Retail at 0.62X, employee at 0.535X
CAG to Oil Ministry: exclusive
-Completed first phase of KG D6 scrutiny at RIL Mumbai office
-RIL providing requisitioned documents/files in stages
-Some of the files incomplete or not handed over by RIL
Unitech Q3:
Topline surprises on upside as focus shifts to execution & Profit was marginally lower than expectations
-Net profit at Rs 176 crore versus Rs 136 crore
-Net sales at Rs 775 crore versus Rs 489 crore
Sun Pharma Q3: In line
-Consolidated net sales at Rs 1,021 crore versus Rs 918 crore (YoY)
-Consolidated net profit at Rs 339 crore versus Rs 409 crore (YoY)
Rel Comm Q3
-Consolidated net profit at Rs 1,108 crore versus Rs 740.3 crore (QoQ)
-Consolidated net sales at Rs 5,128.97 crore versus Rs 5,352.36 crore (QoQ)
-Wireless revenues at Rs 4,023 crore
-Global operations revenues at Rs 1,982 crore
-Broadband revenues at Rs 705 crore
-EBIDTA Margins at 34.1% versus 35.4%
Suzlon Q3: in line with expectations; better QoQ as expected
-Consolidated net profit at Rs 14.1 crore versus net loss of Rs 64.9 crore
-Consolidated total revenues at Rs 5,608 crore versus Rs 6,943 crore
-Income from operations at Rs 5,590 crore versus Rs 6,920 crore
-Suzlon says net debt at Rs 10,488 crore as on December 31

Tata Motors Q3 (standalone)
Topline higher than expected, but profit below expectations due to Lower other income, higher tax provision
-Net Profit At Rs 400 crore versus loss of Rs 263 crore (YoY)
-Net sales at Rs 8,980 crore versus Rs 4,714 crore (YoY)
-Operating margin at 12.8%
-Forex loss at Rs 24.2 crore
-Commercial vehicle sales increased by 88.8% in domestic markets
Other stocks that are in news today:
-Indian ADRs: ICICI Bk up 5.4%, MTNL dn 3.5%
-ArcelorMittal’s open offer for Uttam Galva fully subscribed, ArcelorMittal now has 34.4% stake in Uttam Galva
-Religare rights issue opens today
-Moserbaer approves additional fund raising upto USD 65 million; has previous approval to raise upto USD 100 million
-IOL Netcom board approves fund raising upto Rs 50 crore through pref allotment
-Spice Mobiles approves merger of Spice Televentures via a swap ratio of 791:100 (spice tele)
-KLG Systel approves stock split of 10:1
-Unity Infra board approves increasing FII limit to 49% from 24% and a stk split of 5:1
-Core Projects board approved the proposal to enter the School Management Business in India, both in public and private sector
-Bilpower board approved demerger of Wada unit of Bilpower to be transferred to Bil Energy Systems.

Fund Action:
Bharati Shipyard S buys 1.77 lakh shares at Rs 281.80sh

SREI Infra
PCA India Infra sells 9.4 lakh shares at Rs 69.69 per share
Pru AMC sells 10 lakh shares at Rs 69.25 per share
Austral Coke SICOM sells 18.7 lakh shares at Rs 7.91 per share


F&O cues:
Total Futures Open Int up by Rs 2,592 crore
Total Options Open Int up by Rs 4,726 crore

Stock Futures add 4.8 cr shrs in Open Int
Nifty Calls add 38.2 lk shrs in Open Int
Nifty Puts adds 47.3 lk shrs in Open Int
Nifty PCR at 1.15
Nifty Futures add 21.2 lakh shrs; at 6-pt disc
Nifty 5000 Call adds 13.8 lakh shrs in Open Int
Nifty 4800 Call adds 6.3 lakh shrs in Open Int
Nifty 4800 Put adds 10.9 lakh shrs in Open Int
Nifty 4700 Put adds 10 lakh shrs in Open Int
Nifty 4600 Put adds 7.9 lakh shrs in Open Int
FIIs in F&O on January 29
FIIs net sell Rs 430 crore in Nifty Futures
Nifty Futures Open Int up by 24,194 contracts
FIIs net buy Rs 1029 crore in Nifty Options
Nifty Options Open Int up by 71,367 contracts
FIIs net sell Rs 119 crore in Stock Futures
Stock Futures Open Int up by 13,925 contracts
Market cues:

FIIs net sell $ 467 million on January 28
Highest ever turnover First Day F&O turnover at Rs 92,503 crore

Total F&O Open Interest up by Rs 7,318 crore Rs 92,564 crore
FIIs net sell Rs 996 crore cash mkts  on January 29 (Prov)
DIIs net buy Rs 1011 crore cash mkts on January 29 (Prov)
FIIs net buy Rs 490 crore F&O on January 29 (Prov)