31 March,2010 Closing Market Updates 15:32
Today market opened in positive but failed to sustain in green region.Index movers like Reliance,SBI,ICICI Bank ,ITC,Infosys,HUL,TCS,Wipro dragged the market down and to close in negative on the last financial day of the year 2009-2010.Everybody was expecting higher close to keep higher NAV for Mutual Funds.
Nifty closed at 5250.75, down 11.70 points likewise, Sensex closed at 17529.89 shedding 60.28 points.
Today Healthcare index rose by 0.86% but all favourite sectoral indices like Bankex,Oil&Gas,Tech,IT,FMCG closed in red.BSE FMCG index was the major loser by 1.68%.
Sail was the top gainer among Nifty50 stocks, rose 3.62% to close at 253.05.TCS was the top loser which lost 2.56% and closed at 779.50.
Overall market breadth was positive as 692 stocks gained and 587 stocks declined today on NSE.
Wish all our Clients,Investors and Traders a very Healthy and Prosperous New Financial Year.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For abroad investors : +919371031008
Wednesday, March 31, 2010
31 March,2010 Morning Market Updates
31 March,2010 Morning Market Updates 08:56
Today market will open positive i line with global cues but bearish fear factor is still there in the mind of traders.Nifty support 5240-5250 and 5210 where as resistance 5280 and 5310.
Recommendations :
Follow Buy calls in positive market bias and v.v.
Buy Bhartiartl above 316 sl 310 Target 324
Hold Long Bhel Ref.26/03 Trail sl 2385
Hold Long ONGC Ref.29/03 Trail sl 1075
Buy DLF sl 305 Target 315
Buy NTPC Above 205 sl 199 Target 209 / 216 Positional
Sell Nifty sl 5280 Target 5238
Sell Ster
Sell Rcom below 164 sl 166 Target 161
Sell Siemens below 736 sl 744 Target 724
Sell on Rise Hindalco
Sell on Rise ITC
Sell on Rise Jindalstel
F&O cues:
Total Futures Open Int was down by Rs 453 crore
Total Options Open Int ws up by Rs 2553 crore
Stock Futures add 40 lakh shares in Open Int
Nifty down 0.7%, Open Int down 2%
Nifty Open Int PCR at 1.17 from 1.16
Nifty Calls add 18.4 lakh shares in Open Int
Nifty Puts add 22 lakh shares in Open Int
Nifty April 5400 Put adds 8.6 lk shrs in Open Int
Nifty April 5300 Call adds 6.8 lk shrs in Open Int
Nifty April 5200 Put adds 4.4 lk shrs in Open Int
Nifty May 5100 Put adds 2.2 lk shrs in Open Int
FIIs in F&O on March 30
Net sell Rs 468 crore in Nifty Futures
Nifty Futures Open Int up by 7037 contracts
Net buy Rs 476 crore in Nifty Options
Nifty Options Open Int up by 36170 contracts
Net sell Rs 72 crore in Stock Futures
Stock Futures Open Int up by 10159 contracts
Market cues:
FIIs were net buyers of USD 229 million in equities on March 29
Total F&O Open Int was up by Rs 2100 crore to Rs 91934 crore
As per provisional data of March 30, FIIs were net buyers of Rs 580 crore; DIIs were net buyers of Rs 100 crore in cash markets. FIIs were net sellers of Rs 69 crore in F&O.
US Markets :
The US markets closed flat with a positive bias after a see-saw session as technology and industrials gained, while energy and bank stocks traded weak.
the Dow closed 11 points higher at 10,907, the S&P 500 shut shop at 1,173 and the Nasdaq closed at 2,410.
Stocks had opened higher after a jump in consumer confidence and encouraging read on housing but the session turned choppy by midday. Overall trading volumes were subdued as fewer than 1 billion shares traded on the NYSE.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Today market will open positive i line with global cues but bearish fear factor is still there in the mind of traders.Nifty support 5240-5250 and 5210 where as resistance 5280 and 5310.
Recommendations :
Follow Buy calls in positive market bias and v.v.
Buy Bhartiartl above 316 sl 310 Target 324
Hold Long Bhel Ref.26/03 Trail sl 2385
Hold Long ONGC Ref.29/03 Trail sl 1075
Buy DLF sl 305 Target 315
Buy NTPC Above 205 sl 199 Target 209 / 216 Positional
Sell Nifty sl 5280 Target 5238
Sell Ster
Sell Rcom below 164 sl 166 Target 161
Sell Siemens below 736 sl 744 Target 724
Sell on Rise Hindalco
Sell on Rise ITC
Sell on Rise Jindalstel
F&O cues:
Total Futures Open Int was down by Rs 453 crore
Total Options Open Int ws up by Rs 2553 crore
Stock Futures add 40 lakh shares in Open Int
Nifty down 0.7%, Open Int down 2%
Nifty Open Int PCR at 1.17 from 1.16
Nifty Calls add 18.4 lakh shares in Open Int
Nifty Puts add 22 lakh shares in Open Int
Nifty April 5400 Put adds 8.6 lk shrs in Open Int
Nifty April 5300 Call adds 6.8 lk shrs in Open Int
Nifty April 5200 Put adds 4.4 lk shrs in Open Int
Nifty May 5100 Put adds 2.2 lk shrs in Open Int
FIIs in F&O on March 30
Net sell Rs 468 crore in Nifty Futures
Nifty Futures Open Int up by 7037 contracts
Net buy Rs 476 crore in Nifty Options
Nifty Options Open Int up by 36170 contracts
Net sell Rs 72 crore in Stock Futures
Stock Futures Open Int up by 10159 contracts
Market cues:
FIIs were net buyers of USD 229 million in equities on March 29
Total F&O Open Int was up by Rs 2100 crore to Rs 91934 crore
As per provisional data of March 30, FIIs were net buyers of Rs 580 crore; DIIs were net buyers of Rs 100 crore in cash markets. FIIs were net sellers of Rs 69 crore in F&O.
US Markets :
The US markets closed flat with a positive bias after a see-saw session as technology and industrials gained, while energy and bank stocks traded weak.
the Dow closed 11 points higher at 10,907, the S&P 500 shut shop at 1,173 and the Nasdaq closed at 2,410.
Stocks had opened higher after a jump in consumer confidence and encouraging read on housing but the session turned choppy by midday. Overall trading volumes were subdued as fewer than 1 billion shares traded on the NYSE.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Tuesday, March 30, 2010
30 March,2010 Closing Market Updates
30 March,2010 Closing Market Updates 15:32
As decribed today in the morning blog,spot Nifty failed to sustain above 5310 level and closed at its immediate support of 5250.
Today market opened in positive note but in a couple of hours it slept below yesterday's close. Again Nifty went towards its intraday high but didn't show that much strength to cross previous high of today. After flat opening on European bourses,market plunged and closed in negative after last four session's consecutive positive closes. Nifty ended near its today's support at 5256.40 down by 46.45 points while Sensex closed down by 146.20 points at 17565.15(Not adjusted.)
Realty index was the top gainer with 1.43% and IT was the biggest loser with 2.25% on BSE.
Among Nifty50 and Junior Nifty stocks, Bankindia rose highest with 5.34% and closed at 343.50 while HCLTech was the top loser with 3.41%.
Overall market breadth was surprisingly positive as 792 stocks gained where 489 stocks declined today on NSE.
Contact Details :
Email : info@integrity.org.in
Call : +9199750 60000
For abroad investors : +919371031008
As decribed today in the morning blog,spot Nifty failed to sustain above 5310 level and closed at its immediate support of 5250.
Today market opened in positive note but in a couple of hours it slept below yesterday's close. Again Nifty went towards its intraday high but didn't show that much strength to cross previous high of today. After flat opening on European bourses,market plunged and closed in negative after last four session's consecutive positive closes. Nifty ended near its today's support at 5256.40 down by 46.45 points while Sensex closed down by 146.20 points at 17565.15(Not adjusted.)
Realty index was the top gainer with 1.43% and IT was the biggest loser with 2.25% on BSE.
Among Nifty50 and Junior Nifty stocks, Bankindia rose highest with 5.34% and closed at 343.50 while HCLTech was the top loser with 3.41%.
Overall market breadth was surprisingly positive as 792 stocks gained where 489 stocks declined today on NSE.
Contact Details :
Email : info@integrity.org.in
Call : +9199750 60000
For abroad investors : +919371031008
30 March,2010 Morning Market Updates
30 March,2010 Morning Market Updates 08:51
Market may continue testerday's rally.Spot Nifty is not closing above previous top of 5310 and Nifty future is trading at higher premiums, these are the reasons to worry.Nifty resistance 5340 and support 5250.
Recommendations :
Follow Buy calls in improving market and v.v.
Buy Bhel sl 2388 Target 2407 / 2416
Buy BPCL sl 520 Target 534
Buy HDFC Above 2668 sl 2637 Target 2694 / 2710
Buy Hindunilvr Above 241 sl 235 Target 248
Buy IDFC Above 163 sl 161.5 Target 166
Buy Maruti Above 1438 sl 1423 Target 1457 / 1465
Buy NTPC Above 205 sl 199 Target 209 / 216 Positional
Buy Andhrabank sl 102 Target 105 / 109
Buy BankIndia Above 230 sl 325 Target 336 / 338
Buy Federalbnk sl 261 Target 268
Buy Kotakbank Above 764 sl 756 Target 772 / 782
Buy Syndibank sl 86.25 Target 89.5
Buy Prajind Above 87 sl 85 Target 90
Buy NIITTech sl 175 Target 180
Hold Yesbank Ref.29/03/2010 Trail sl 250 Target
Hindpetro Bounceback exp.
Sell Infosystch sl 2729 Target 2700 / 2666 Positional
Sell TCS Below 810 sl 818 Target 803
Stocks in News :
Bharti – Zain deal –from sources agencies
-Bharti, Zain likely to sign deal on Tuesday in Amsterdam
Gabon Govt: From Agencies
-Disapproves of sale of Zain's Gabonese assets to Bharti
-Reserves all rights to take 'all necessary measures'
-Zain Gabon has not complied with local telecom regulations
SREI Infra:
-SREI Infra to sell 9% stake in Quippo-WTTI
-SREI stake to fall to 16% from current 25%
Unitech promoters convert 5 crore warrants ahead of schedule
-Unitech issued 5 crore warrants at conversion price of Rs 48.75/share
-Promoters stake goes up to 45% from 43.84%
Jindal Stainless Steel QIP: from sources
-Launches USD 50-55 million QIP at a floor price of QIP at Rs 105.13/share
-QIP to lead to dilution of 13% post issue
-JM Financial sole banker to issue
SBI :
-SBI extends 8% special home loan scheme till April 30
-SBI discontinues SBI easy home loans for below Rs 50 Lakh
-SBI to take final call on interest rates post RBI's April policy
-Home Loans @ 8% for 1st year, 9% for next two years, floating thereafter
Sundaram Fin :
-Sundaram Finance to exit General Insurance JV with RSA Ins group PLC
-RSA to acquire 74% stake from Sundaram Finance
-RSA to merge insurance company with Reliance General Insurance
-RSA to hold 26% in new insurance JV; Reliance Cap to hold 74%
Indoco Licences out some Opthalmic products to Aspen
-Indoco, Aspen in pact for Opthalmic products in EMs
-Indoco to get milestone payments, sales proceeds from Aspen deal
SIAM meets to discuss Euro III, IV Emission norms implementation: exclusive
-Euro III norms delayed by 6 months
-Euro III norms to be implemented from October 1
-Euro IV norms to be implemented from April 1
-Auto Industry says have not been informed as cabinet approval still to come
Board meets today:
Hero Honda to consider declaration special interim dividend
-M&M –demerger of Agri Inputs Business of Mahindra Shubhlabh Services (MSSL) and M&M
-Jay Shree Tea - in the process of acquiring 100% shares in M.P.Chini Industries; cost of Rs 112.5/sh
-Plethico Pharma – Quarterly results
-Nirma board meet tom to approve transfer demerged cement and mining division of Nirma credit and capital to the company and amalgamation of Nirma consumer with company
Other stocks and sectors that are in news today:
-ADRs: Sterlite up 3.8%, ICICI Bank up 3.6%
-IL&FS Transportation lists today
-SAIL to form shipping JV company with SCI
-Daiichi Sankyo plans to delist Ranbaxy in next 4 months, management denies any such plans –
-Kalanithi Maran’s Rs 700 crore offer for 51% stake in SpiceJet not favored by promoters –
-TPG set to pick up 20% stake in Shriram Cap, the holding company of Shriram group –
-Sanofi moves US court against Wockhardt for challenging the patent for Allegra, one of the largest selling anti-allergic drug –
-Aqua Logistics to acquire 3 Hongkong based Logistics Companies through its wholly owned subsidiary Aqua Logistics HK Pvt
-FIIs not allowed to further buy shares in Pantaloon Retail; FII cap reached
-Cholamandalam DBS Finance to raise Rs 2,000 crore via NCD private placement
-SRF board approves capital expenditure of Rs 97 crore to setting up a multi-purpose chemical plant at Dahej
-SRF has declared Rs 7 interim dividend (CMP of 190)
-Edelweiss Capital wholly owned housing finance subsidiary receives registration to commence business of a housing finance institution.
-Nava Bharat Ventures subsidiary achieved Financial Closure for the total debt of Rs 970 crore for two coal fired thermal power plants of 150 MW each to be implemented in AP
-Suashish Diamond delisting floor price set at Rs 220 (cmp at 297)
-Gujarat Fluoro subsidiary Inox Wind has commissioned its project at HP to manufacture of Wind Operated Electricity Generators
-Praj Industries has fully divested from its wholly owned US subsidiary Praj Schneider Inc, and has launched new Co in the US to address north, south and central America
-SEBI may get powers to monitor use of IPO funds – BL
-Pipavav Shipyard open offer opens on May 21st (price at Rs 61.5)
-Colgate Palmolive board approves merger of CC Healthcare Products with itself
F&O cues:
Total Futures Open Int up Rs 1467 crore
Total Options Open Int up Rs 2793 crore
Stock futures add 3.2 crore shares in Open Int
Nifty up 0.4%, Open Int up 3% (8lakh shares)
Nifty Open In PCR at 1.16 from 1.17
Nifty Call add 22 lakh shares, Put adds 21.5 lakh shares
Nifty April 5400 Call add 6.8 lakh shares in Open Int
Nifty April 5400 Put add 4.9 lakh shares in Open Int
Nifty April 5600 Call add 3.8 lakh shares in Open Int
Nifty April 5300 Put add 4.5 lakh shares in Open Int
FIIs in F&O on March 29
Net buy Rs 232 crore in Nifty futures
Nifty Futures Open Int up by 15353 contracts
Net buy Rs 412 crore in Nifty options
Nifty options Open Int up by 54707 contracts
Net sell Rs 686 crore in Stock futures
Stock Futures Open Int up by 17734 contracts
Market cues:
FIIs were net buyers of USD 238 million in equities on March 26
IL&FS Transportation Networks listing today
Total F&O Open Int was up by Rs 4,260 crore to Rs 89,834 crore
As per provisional data of March 29, FIIs were net buyers of Rs 1063 crore, DIIs were net sellers of of Rs 271 crore in cash markets. FIIs were net sellers of Rs 64 crore in F&O.
US Markets :
The US markets gained led by the energy sector as the dollar weakened and crude topped USD 82 a barrel. The advance was broad based, but financials lagged from the start. Financials oscillated between positive and negative territory, lagging all the while. Still, the sector managed to finish with a 0.2% gain.
The lack of market-moving data and the absence of any major corporate news items made for moderate participation and trading volume on the NYSE failed to eclipse the 1 billion shares.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Market may continue testerday's rally.Spot Nifty is not closing above previous top of 5310 and Nifty future is trading at higher premiums, these are the reasons to worry.Nifty resistance 5340 and support 5250.
Recommendations :
Follow Buy calls in improving market and v.v.
Buy Bhel sl 2388 Target 2407 / 2416
Buy BPCL sl 520 Target 534
Buy HDFC Above 2668 sl 2637 Target 2694 / 2710
Buy Hindunilvr Above 241 sl 235 Target 248
Buy IDFC Above 163 sl 161.5 Target 166
Buy Maruti Above 1438 sl 1423 Target 1457 / 1465
Buy NTPC Above 205 sl 199 Target 209 / 216 Positional
Buy Andhrabank sl 102 Target 105 / 109
Buy BankIndia Above 230 sl 325 Target 336 / 338
Buy Federalbnk sl 261 Target 268
Buy Kotakbank Above 764 sl 756 Target 772 / 782
Buy Syndibank sl 86.25 Target 89.5
Buy Prajind Above 87 sl 85 Target 90
Buy NIITTech sl 175 Target 180
Hold Yesbank Ref.29/03/2010 Trail sl 250 Target
Hindpetro Bounceback exp.
Sell Infosystch sl 2729 Target 2700 / 2666 Positional
Sell TCS Below 810 sl 818 Target 803
Stocks in News :
Bharti – Zain deal –from sources agencies
-Bharti, Zain likely to sign deal on Tuesday in Amsterdam
Gabon Govt: From Agencies
-Disapproves of sale of Zain's Gabonese assets to Bharti
-Reserves all rights to take 'all necessary measures'
-Zain Gabon has not complied with local telecom regulations
SREI Infra:
-SREI Infra to sell 9% stake in Quippo-WTTI
-SREI stake to fall to 16% from current 25%
Unitech promoters convert 5 crore warrants ahead of schedule
-Unitech issued 5 crore warrants at conversion price of Rs 48.75/share
-Promoters stake goes up to 45% from 43.84%
Jindal Stainless Steel QIP: from sources
-Launches USD 50-55 million QIP at a floor price of QIP at Rs 105.13/share
-QIP to lead to dilution of 13% post issue
-JM Financial sole banker to issue
SBI :
-SBI extends 8% special home loan scheme till April 30
-SBI discontinues SBI easy home loans for below Rs 50 Lakh
-SBI to take final call on interest rates post RBI's April policy
-Home Loans @ 8% for 1st year, 9% for next two years, floating thereafter
Sundaram Fin :
-Sundaram Finance to exit General Insurance JV with RSA Ins group PLC
-RSA to acquire 74% stake from Sundaram Finance
-RSA to merge insurance company with Reliance General Insurance
-RSA to hold 26% in new insurance JV; Reliance Cap to hold 74%
Indoco Licences out some Opthalmic products to Aspen
-Indoco, Aspen in pact for Opthalmic products in EMs
-Indoco to get milestone payments, sales proceeds from Aspen deal
SIAM meets to discuss Euro III, IV Emission norms implementation: exclusive
-Euro III norms delayed by 6 months
-Euro III norms to be implemented from October 1
-Euro IV norms to be implemented from April 1
-Auto Industry says have not been informed as cabinet approval still to come
Board meets today:
Hero Honda to consider declaration special interim dividend
-M&M –demerger of Agri Inputs Business of Mahindra Shubhlabh Services (MSSL) and M&M
-Jay Shree Tea - in the process of acquiring 100% shares in M.P.Chini Industries; cost of Rs 112.5/sh
-Plethico Pharma – Quarterly results
-Nirma board meet tom to approve transfer demerged cement and mining division of Nirma credit and capital to the company and amalgamation of Nirma consumer with company
Other stocks and sectors that are in news today:
-ADRs: Sterlite up 3.8%, ICICI Bank up 3.6%
-IL&FS Transportation lists today
-SAIL to form shipping JV company with SCI
-Daiichi Sankyo plans to delist Ranbaxy in next 4 months, management denies any such plans –
-Kalanithi Maran’s Rs 700 crore offer for 51% stake in SpiceJet not favored by promoters –
-TPG set to pick up 20% stake in Shriram Cap, the holding company of Shriram group –
-Sanofi moves US court against Wockhardt for challenging the patent for Allegra, one of the largest selling anti-allergic drug –
-Aqua Logistics to acquire 3 Hongkong based Logistics Companies through its wholly owned subsidiary Aqua Logistics HK Pvt
-FIIs not allowed to further buy shares in Pantaloon Retail; FII cap reached
-Cholamandalam DBS Finance to raise Rs 2,000 crore via NCD private placement
-SRF board approves capital expenditure of Rs 97 crore to setting up a multi-purpose chemical plant at Dahej
-SRF has declared Rs 7 interim dividend (CMP of 190)
-Edelweiss Capital wholly owned housing finance subsidiary receives registration to commence business of a housing finance institution.
-Nava Bharat Ventures subsidiary achieved Financial Closure for the total debt of Rs 970 crore for two coal fired thermal power plants of 150 MW each to be implemented in AP
-Suashish Diamond delisting floor price set at Rs 220 (cmp at 297)
-Gujarat Fluoro subsidiary Inox Wind has commissioned its project at HP to manufacture of Wind Operated Electricity Generators
-Praj Industries has fully divested from its wholly owned US subsidiary Praj Schneider Inc, and has launched new Co in the US to address north, south and central America
-SEBI may get powers to monitor use of IPO funds – BL
-Pipavav Shipyard open offer opens on May 21st (price at Rs 61.5)
-Colgate Palmolive board approves merger of CC Healthcare Products with itself
F&O cues:
Total Futures Open Int up Rs 1467 crore
Total Options Open Int up Rs 2793 crore
Stock futures add 3.2 crore shares in Open Int
Nifty up 0.4%, Open Int up 3% (8lakh shares)
Nifty Open In PCR at 1.16 from 1.17
Nifty Call add 22 lakh shares, Put adds 21.5 lakh shares
Nifty April 5400 Call add 6.8 lakh shares in Open Int
Nifty April 5400 Put add 4.9 lakh shares in Open Int
Nifty April 5600 Call add 3.8 lakh shares in Open Int
Nifty April 5300 Put add 4.5 lakh shares in Open Int
FIIs in F&O on March 29
Net buy Rs 232 crore in Nifty futures
Nifty Futures Open Int up by 15353 contracts
Net buy Rs 412 crore in Nifty options
Nifty options Open Int up by 54707 contracts
Net sell Rs 686 crore in Stock futures
Stock Futures Open Int up by 17734 contracts
Market cues:
FIIs were net buyers of USD 238 million in equities on March 26
IL&FS Transportation Networks listing today
Total F&O Open Int was up by Rs 4,260 crore to Rs 89,834 crore
As per provisional data of March 29, FIIs were net buyers of Rs 1063 crore, DIIs were net sellers of of Rs 271 crore in cash markets. FIIs were net sellers of Rs 64 crore in F&O.
US Markets :
The US markets gained led by the energy sector as the dollar weakened and crude topped USD 82 a barrel. The advance was broad based, but financials lagged from the start. Financials oscillated between positive and negative territory, lagging all the while. Still, the sector managed to finish with a 0.2% gain.
The lack of market-moving data and the absence of any major corporate news items made for moderate participation and trading volume on the NYSE failed to eclipse the 1 billion shares.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Monday, March 29, 2010
29 March 2010 Closing Market Updates
29 March,2010 Closing Market Updates 15:32
Today market opened flat and gained more than 100 points on BSE.Nifty made a new 52 week high 5329.55 on buying support of Banking and Auto stocks.Nifty closed at 5302.85 gaining 20.85 points and Sensex closed at 17711.35,gained 66.59 points.
Among BSE sectoral indices, Consumer durable index gained most with 1.96% while IT was down by 1.62%.
In Nifty50 stocks,BPCL gained highest with 3.90% to close 530 and Infosystch lost most with 2.30% to close at 2711.
Overall, market breadth was negative to 1.92:1 as 850 stcoks declined and 441 stocks gained today on NSE.
Today market opened flat and gained more than 100 points on BSE.Nifty made a new 52 week high 5329.55 on buying support of Banking and Auto stocks.Nifty closed at 5302.85 gaining 20.85 points and Sensex closed at 17711.35,gained 66.59 points.
Among BSE sectoral indices, Consumer durable index gained most with 1.96% while IT was down by 1.62%.
In Nifty50 stocks,BPCL gained highest with 3.90% to close 530 and Infosystch lost most with 2.30% to close at 2711.
Overall, market breadth was negative to 1.92:1 as 850 stcoks declined and 441 stocks gained today on NSE.
29 March 2010 Morning Market Updates 08:55
29 March 2010 Morning Market Updates 08:56
Today market will open flat.Nifty closed on such a crucial points that both the bulls and the bears are in dilemma.Nifty resistance is at 5310 now and any considerable sustainment above this level will indicate a rally towards 5500.Contrary, bears are considering much possibility to correct the market upto 5150 levels.
We suggest trail your stops in stock specific play and also book profits accordingly.
Recommendations :
Follow Buy calls in improving market and v.v.
Buy Hindunilvr Above 240 sl 236 Target 246
Buy ONGC sl 1070 Target 1094
Buy BankIndia Above 329 sl 323 Target 338 / 344 Positional
Buy Canbk sl 409 Target 424
Buy Federalbnk Above 260 sl 257 Target 265
Buy Glenmark sl 249 Target 258
Buy IOB Above 91 sl 90 Target 94
Buy Kotakbank Above 764 sl 756 Target 772 / 782
Buy LICHSGFIN sl 812 Target 826
Buy Mphasis Above 658 sl 651 Target 665
Buy Videoind sl 229 Target 238
Buy Orbitcorp Above 278 sl 272 Target 286
Buy Yesbank sl 246 Target 256
Buy IVRCLInfra sl 166 Target 169 Stocks in News :-DQ entertainment listing today (issue price at Rs 80; subscribed 86.3 times (X))
Sell Relinfra sl 1016 Target 992
Sell Siemens below 734 sl 746 Target 710 Positional
-NMDC - Listing of divested shares today
-Alert: IL&FS transportation to list shares tomorrow
IPO Updates :
Goenka Diamond
-Total subscription at 1.07X
-QIB at 0.78X, NII at 3X, Retail at 0.66X
Intrasoft Technologies
-Total subscription at 18.95X
-QIB at 21.96X, NII at 21.6X, Retail at 13.5X
Infra Sector
-February Infrastructure sector growth at 4.5% versus 1.9% (YoY)
-April-February Infra sector growth at 5.3% versus 2.9% (YoY)
M&M likely to freeze investments in Renualt JV – ET
M&M – Reva: Sources Say
-M&M eyeing majority stake in electric car-maker Reva
-M&M & Reva promoters begin preliminary talks
-M&M declines to comment on this story
-Reva promoter Chetan Maini: 'will have to deny that today'
Reva says:
-Focussed on tech licensing tie-up with GM
-Will look at other players for tech licensing
Deepak Parekh:
-Mulling creating SPV with non- listed, non-subsidiary Investment
-PE players approached seeking formation of SPV
-Investments' SPV formation over next year
-Investment book value at Rs 200- 300 crore, market value much more
SJVNL sources say
-IPO likely in first week of May
-IPO delay due to incomplete board
Pipavav-Punj
-Punj Lloyd to exit Pipavav Shipyard
-Punj Lloyd to sell 19.43% stake to SKIL Infra for Rs 656 crore in 2 tranches @ Rs 50.75/sh
-SKIL Infra to make an open offer for 20% stake at around Rs 61.5/sh
Other stocks and sectors that are in news today:
-Tata Steel to raise USD 600 million via GDR in 6 months.
-Industry groups unlikely to get banking licences.
-Stricter rules for insurers looking for an IPO, company must reveal profit projections and pacts with foreign partners.
-Videocon rights issue opens today
-Reliance Life may sell 26% to Swiss Re – Mint (its Reliance Cap Sub)
-Adani plans huge Kalinga port, Rs 10,000 crore deep-water project may be largest private post in country.
-Bhilwara Energy plans to raise Rs 3000 crore to funds its hydro projects.
Ex – date: M&M stock split from Rs 10 to Rs 5
REpower to deliver 15 wind turbines for project in Poland
-Mahindra Ugine board approves investing Rs 36.65 crore to set up stamping unit at Pantnagar, Uttarakhand
-DIC India - Executes definitive documentation for sale of investments in subsidiary DIC Coatings to Valspar (Singapore) Corporation
-Weizmann board approves merger of Karma Energy and Weizmann Forex with Weizmann Ltd and demerger of power biz of Weizmann Ltd into Karma Wind Power
-JIK Industries issues 2.9 crore fully convertible bonds to promoters and others as a part of BIFR
-Women networks open offer a Rs 21.5/share
-Hinduja Foundries rights issue opens today
-Adani Enterprises rights issue opens on March 31, closes on April 15th (ratio 1:16, priced at Rs 474/sh
-Suashish Diamonds delisting offer via book building process, sets floor price of Rs 220/sh
Board meets today:
-Sakthi Sugars – FY09 results
-Compulearn - issue Equity Shares and Equity share warrants of the Company on preferential allotment
-Lancor Hold - to consider, adopt and take on record the Placement Document for issue of Equity Shares (QIP Issue).
-Neha International - consider allotment of convertible share warrants/Equity shares to promoters & investment in wholly owned subsidiaries
F&O cues:
Total Futures Open Int up by Rs 2303 crore
Total Options Open Int up by Rs 4139 crore
Stock Futures add 4 cr shares in Open Int
Nifty up 0.4%, Open Int up 7.5%
Nifty Open Int PCR at 1.17 from 1.23
Nifty Calls add 38 lakh shares in Open Int
Nifty Puts add 27.2 lakh shares in Open Int
Nifty April 5400 Call adds 12.5 lakh shares in Open Int
Nifty April 5300 Put adds 7.4 lakh shares in Open Int
Nifty April 5600 Call adds 6.8 lakh shares in Open Int
Nifty April 5300 Call adds 6 lakh shares in Open Int
FIIs in F&O on March 26
Net buy Rs 220 crore in Nifty Futures
Nifty Futures Open Int up by 17187 contracts
Net buy Rs 1036 crore in Nifty Options
Nifty Options Open Int up by 67495 contracts
Net sell Rs 223 crore in Stock Futures
Stock Futures Open Int up by 16373 contracts
Market cues:
FIIs were net buyers of USD 240 million in equities on March 25
MFs were net sellers of Rs 71.5 crore in equities on March 25
Total F&O Open Int was up by Rs 6442 crore to Rs 85,575 crore
As per provisional data of March 26, FIIs were net buyers of Rs 591 crore, DIIs were net buyers of Rs 50 crore in cash markets. FIIs were net buyers of Rs 929 crore in F&O.
US Markets :
The Dow and S&P ended flat on Friday, giving back earlier gains after the sinking of a South Korean naval ship, while tech shares' weakness kept the Nasdaq in slightly negative territory.The Dow Jones industrial average rose 9.15 points, or 0.08%, to end at 10,850.36. The Standard & Poor's 500 Index inched up just 0.86 point, or 0.07%, to 1,166.59. But the Nasdaq Composite Index slipped 2.28 points, or 0.10%, to close at 2,395.13.
There were roughly an equal number of advancers and decliners on the New York Stock Exchange, while on the Nasdaq, slightly more stocks fell than rose.
Stocks initially rose after European Union leaders said they had agreed on a standby aid package for Greece, and after better-than-expected March consumer sentiment data.
The Nasdaq felt the weight of Oracle Corp, which fell from a nine-year high a day after reporting quarterly results that beat expectations. The stock slid 1.3% to $25.69, while software bellwether Microsoft dropped 1.2% to $29.66.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Today market will open flat.Nifty closed on such a crucial points that both the bulls and the bears are in dilemma.Nifty resistance is at 5310 now and any considerable sustainment above this level will indicate a rally towards 5500.Contrary, bears are considering much possibility to correct the market upto 5150 levels.
We suggest trail your stops in stock specific play and also book profits accordingly.
Recommendations :
Follow Buy calls in improving market and v.v.
Buy Hindunilvr Above 240 sl 236 Target 246
Buy ONGC sl 1070 Target 1094
Buy BankIndia Above 329 sl 323 Target 338 / 344 Positional
Buy Canbk sl 409 Target 424
Buy Federalbnk Above 260 sl 257 Target 265
Buy Glenmark sl 249 Target 258
Buy IOB Above 91 sl 90 Target 94
Buy Kotakbank Above 764 sl 756 Target 772 / 782
Buy LICHSGFIN sl 812 Target 826
Buy Mphasis Above 658 sl 651 Target 665
Buy Videoind sl 229 Target 238
Buy Orbitcorp Above 278 sl 272 Target 286
Buy Yesbank sl 246 Target 256
Buy IVRCLInfra sl 166 Target 169 Stocks in News :-DQ entertainment listing today (issue price at Rs 80; subscribed 86.3 times (X))
Sell Relinfra sl 1016 Target 992
Sell Siemens below 734 sl 746 Target 710 Positional
-NMDC - Listing of divested shares today
-Alert: IL&FS transportation to list shares tomorrow
IPO Updates :
Goenka Diamond
-Total subscription at 1.07X
-QIB at 0.78X, NII at 3X, Retail at 0.66X
Intrasoft Technologies
-Total subscription at 18.95X
-QIB at 21.96X, NII at 21.6X, Retail at 13.5X
Infra Sector
-February Infrastructure sector growth at 4.5% versus 1.9% (YoY)
-April-February Infra sector growth at 5.3% versus 2.9% (YoY)
M&M likely to freeze investments in Renualt JV – ET
M&M – Reva: Sources Say
-M&M eyeing majority stake in electric car-maker Reva
-M&M & Reva promoters begin preliminary talks
-M&M declines to comment on this story
-Reva promoter Chetan Maini: 'will have to deny that today'
Reva says:
-Focussed on tech licensing tie-up with GM
-Will look at other players for tech licensing
Deepak Parekh:
-Mulling creating SPV with non- listed, non-subsidiary Investment
-PE players approached seeking formation of SPV
-Investments' SPV formation over next year
-Investment book value at Rs 200- 300 crore, market value much more
SJVNL sources say
-IPO likely in first week of May
-IPO delay due to incomplete board
Pipavav-Punj
-Punj Lloyd to exit Pipavav Shipyard
-Punj Lloyd to sell 19.43% stake to SKIL Infra for Rs 656 crore in 2 tranches @ Rs 50.75/sh
-SKIL Infra to make an open offer for 20% stake at around Rs 61.5/sh
Other stocks and sectors that are in news today:
-Tata Steel to raise USD 600 million via GDR in 6 months.
-Industry groups unlikely to get banking licences.
-Stricter rules for insurers looking for an IPO, company must reveal profit projections and pacts with foreign partners.
-Videocon rights issue opens today
-Reliance Life may sell 26% to Swiss Re – Mint (its Reliance Cap Sub)
-Adani plans huge Kalinga port, Rs 10,000 crore deep-water project may be largest private post in country.
-Bhilwara Energy plans to raise Rs 3000 crore to funds its hydro projects.
Ex – date: M&M stock split from Rs 10 to Rs 5
REpower to deliver 15 wind turbines for project in Poland
-Mahindra Ugine board approves investing Rs 36.65 crore to set up stamping unit at Pantnagar, Uttarakhand
-DIC India - Executes definitive documentation for sale of investments in subsidiary DIC Coatings to Valspar (Singapore) Corporation
-Weizmann board approves merger of Karma Energy and Weizmann Forex with Weizmann Ltd and demerger of power biz of Weizmann Ltd into Karma Wind Power
-JIK Industries issues 2.9 crore fully convertible bonds to promoters and others as a part of BIFR
-Women networks open offer a Rs 21.5/share
-Hinduja Foundries rights issue opens today
-Adani Enterprises rights issue opens on March 31, closes on April 15th (ratio 1:16, priced at Rs 474/sh
-Suashish Diamonds delisting offer via book building process, sets floor price of Rs 220/sh
Board meets today:
-Sakthi Sugars – FY09 results
-Compulearn - issue Equity Shares and Equity share warrants of the Company on preferential allotment
-Lancor Hold - to consider, adopt and take on record the Placement Document for issue of Equity Shares (QIP Issue).
-Neha International - consider allotment of convertible share warrants/Equity shares to promoters & investment in wholly owned subsidiaries
F&O cues:
Total Futures Open Int up by Rs 2303 crore
Total Options Open Int up by Rs 4139 crore
Stock Futures add 4 cr shares in Open Int
Nifty up 0.4%, Open Int up 7.5%
Nifty Open Int PCR at 1.17 from 1.23
Nifty Calls add 38 lakh shares in Open Int
Nifty Puts add 27.2 lakh shares in Open Int
Nifty April 5400 Call adds 12.5 lakh shares in Open Int
Nifty April 5300 Put adds 7.4 lakh shares in Open Int
Nifty April 5600 Call adds 6.8 lakh shares in Open Int
Nifty April 5300 Call adds 6 lakh shares in Open Int
FIIs in F&O on March 26
Net buy Rs 220 crore in Nifty Futures
Nifty Futures Open Int up by 17187 contracts
Net buy Rs 1036 crore in Nifty Options
Nifty Options Open Int up by 67495 contracts
Net sell Rs 223 crore in Stock Futures
Stock Futures Open Int up by 16373 contracts
Market cues:
FIIs were net buyers of USD 240 million in equities on March 25
MFs were net sellers of Rs 71.5 crore in equities on March 25
Total F&O Open Int was up by Rs 6442 crore to Rs 85,575 crore
As per provisional data of March 26, FIIs were net buyers of Rs 591 crore, DIIs were net buyers of Rs 50 crore in cash markets. FIIs were net buyers of Rs 929 crore in F&O.
US Markets :
The Dow and S&P ended flat on Friday, giving back earlier gains after the sinking of a South Korean naval ship, while tech shares' weakness kept the Nasdaq in slightly negative territory.The Dow Jones industrial average rose 9.15 points, or 0.08%, to end at 10,850.36. The Standard & Poor's 500 Index inched up just 0.86 point, or 0.07%, to 1,166.59. But the Nasdaq Composite Index slipped 2.28 points, or 0.10%, to close at 2,395.13.
There were roughly an equal number of advancers and decliners on the New York Stock Exchange, while on the Nasdaq, slightly more stocks fell than rose.
Stocks initially rose after European Union leaders said they had agreed on a standby aid package for Greece, and after better-than-expected March consumer sentiment data.
The Nasdaq felt the weight of Oracle Corp, which fell from a nine-year high a day after reporting quarterly results that beat expectations. The stock slid 1.3% to $25.69, while software bellwether Microsoft dropped 1.2% to $29.66.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Friday, March 26, 2010
26 March 2010 Closing Market Updates
26 March 2010 Closing Market Updates 15:33
Today market opened flat but later on Nifty spurted to make new 52week high of 5309.90 in April series of derivatives whereas Nifty spot made a high of 5293.75 with the help of Banking and Auto stocks' rally.Nifty closed at 5273.60 gaining 13.20 points and Sensex closed at 17617.47 with 58.62 points gain.
Among the BSE Sectoral Indices, Auto index gained most with 1.70% followed by Banking with 1.52% whereas IT Index was top loser with 0.73%.
Tatamotors gained the most with 2.99% to close at 746.90 and Siemens lost 2.39% and closed at 741.70 among the Nifty50 stocks.
Overall market breadth was negative as 736 stocks declined and 552 stocks gained on NSE today.
Today market opened flat but later on Nifty spurted to make new 52week high of 5309.90 in April series of derivatives whereas Nifty spot made a high of 5293.75 with the help of Banking and Auto stocks' rally.Nifty closed at 5273.60 gaining 13.20 points and Sensex closed at 17617.47 with 58.62 points gain.
Among the BSE Sectoral Indices, Auto index gained most with 1.70% followed by Banking with 1.52% whereas IT Index was top loser with 0.73%.
Tatamotors gained the most with 2.99% to close at 746.90 and Siemens lost 2.39% and closed at 741.70 among the Nifty50 stocks.
Overall market breadth was negative as 736 stocks declined and 552 stocks gained on NSE today.
26 March 2010 Morning Market Updates
26 March 2010 Morning Market Updates 08:50
Asian markets are signaling flat opening in our markets.Perhaps yesterday's closing rally will continue upto 5270-5280 levels.These levels will be a crucial resistance.Immediate downside protection will be considered at 5210.
Recommendations :
Follow buy calls in improving market trend.
Buy Corpbank sl 447 462 / 469
Buy Pantaloonr Above 407 sl 402 414
Buy Bhel Above 2395 sl 2380 2417
Buy Jindalswhl above 1730 sl 1682 Target 1798
Stocks in News :
Board meets today
-Pfizer results
-JIK Industries to consider allotment of Fully Convertible Bonds to Promoter / Associates pursuant to BIFR Orders.
-DIC India - proposal to consider the options of divesting its Can Coating business operated through its wholly owned unlisted subsidiary Company, DIC Coatings India Ltd,
-Bharti takes SPV route to safe ride into Africa – ET
-RBI warns on lagged impact of slowdown on bank profits
-Patel Engg bags USD 1 billion project in Mauritius – BS
-Nitin Fire close to acquiring UAE based company – BL
-Essar Oil board seeks shareholder approval to raise USD 1.7 billion
-Essar group buy Indonesian mines for USD 208 million
-Essar Steel in supply pact with UM Steel company to seal supply pact
-ArcelorMittak completes Uttam Galva stake buy-out – BS (buys additional 4.9% stake from promoters)
-GMR Energy to raise Rs 1600 crore from PE players – BS
-Videocon launches mobile services
-SBI to extend teaser loan
-SEBI may withdraw from ULIP turf war – Mint
-Ruchi Soya and IOCL ink LLP Agreement to Produce Biofuels
-Ex-Dividend: Engineers India: Special Int Dividend- Rs 100/share
F&O cues:
Stock Futures added 7 crore shares in March series
Nifty Open Int PCR starts at 1.23 in April versus 1.14 in March
Nifty April 5300 Call adds 11.7 lakh shares in Open Int
Nifty April 5400 Call adds 6.8 lakh shares in Open Int
Nifty April 5200 Put adds 10.3 lakh shares in Open Int
Nifty April 5100 Put adds 9.6 lakh shares in Open Int
FIIs in F&O on March 25
Net buy Rs 239 crore in Nifty Futures
Net buy Rs 654 crore in Nifty Options
Net sell Rs 521 crore in Stock Futures
Market cues:
FIIs were net buyers of USD 106.6 million equities on March 23
Marketwide rollover 75%; Nifty rollovers 66%
April F&O Series starts with Open Int of Rs 79,133
As per provisional data of March 25, FIIs were net buyers of Rs 654 crore, while DIIs were net sellers of Rs 156 crore in cash markets. FIIs were net buyers of Rs 337 crore in F&O.
US Market Updates :
A big rally early in the day turning into a late day sell off after European Central Bank President Jean Claude Trichet said the IMF or any other body for that matter must not assume responsibilities of eurozone’s governments in dealing with economic problem. The Dow picking up 5 points, the S&P down 2 points and the Nasdaq lost one point. The Treasury is seeking to sell its 27% stake in Citi Group reporters say they plan to announce as early as next month. Goldman Sachs, Morgan Stanley and others are already bidding to a handle this massive sale.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Asian markets are signaling flat opening in our markets.Perhaps yesterday's closing rally will continue upto 5270-5280 levels.These levels will be a crucial resistance.Immediate downside protection will be considered at 5210.
Recommendations :
Follow buy calls in improving market trend.
Buy Corpbank sl 447 462 / 469
Buy Pantaloonr Above 407 sl 402 414
Buy Bhel Above 2395 sl 2380 2417
Buy Jindalswhl above 1730 sl 1682 Target 1798
Stocks in News :
Board meets today
-Pfizer results
-JIK Industries to consider allotment of Fully Convertible Bonds to Promoter / Associates pursuant to BIFR Orders.
-DIC India - proposal to consider the options of divesting its Can Coating business operated through its wholly owned unlisted subsidiary Company, DIC Coatings India Ltd,
-Bharti takes SPV route to safe ride into Africa – ET
-RBI warns on lagged impact of slowdown on bank profits
-Patel Engg bags USD 1 billion project in Mauritius – BS
-Nitin Fire close to acquiring UAE based company – BL
-Essar Oil board seeks shareholder approval to raise USD 1.7 billion
-Essar group buy Indonesian mines for USD 208 million
-Essar Steel in supply pact with UM Steel company to seal supply pact
-ArcelorMittak completes Uttam Galva stake buy-out – BS (buys additional 4.9% stake from promoters)
-GMR Energy to raise Rs 1600 crore from PE players – BS
-Videocon launches mobile services
-SBI to extend teaser loan
-SEBI may withdraw from ULIP turf war – Mint
-Ruchi Soya and IOCL ink LLP Agreement to Produce Biofuels
-Ex-Dividend: Engineers India: Special Int Dividend- Rs 100/share
F&O cues:
Stock Futures added 7 crore shares in March series
Nifty Open Int PCR starts at 1.23 in April versus 1.14 in March
Nifty April 5300 Call adds 11.7 lakh shares in Open Int
Nifty April 5400 Call adds 6.8 lakh shares in Open Int
Nifty April 5200 Put adds 10.3 lakh shares in Open Int
Nifty April 5100 Put adds 9.6 lakh shares in Open Int
FIIs in F&O on March 25
Net buy Rs 239 crore in Nifty Futures
Net buy Rs 654 crore in Nifty Options
Net sell Rs 521 crore in Stock Futures
Market cues:
FIIs were net buyers of USD 106.6 million equities on March 23
Marketwide rollover 75%; Nifty rollovers 66%
April F&O Series starts with Open Int of Rs 79,133
As per provisional data of March 25, FIIs were net buyers of Rs 654 crore, while DIIs were net sellers of Rs 156 crore in cash markets. FIIs were net buyers of Rs 337 crore in F&O.
US Market Updates :
A big rally early in the day turning into a late day sell off after European Central Bank President Jean Claude Trichet said the IMF or any other body for that matter must not assume responsibilities of eurozone’s governments in dealing with economic problem. The Dow picking up 5 points, the S&P down 2 points and the Nasdaq lost one point. The Treasury is seeking to sell its 27% stake in Citi Group reporters say they plan to announce as early as next month. Goldman Sachs, Morgan Stanley and others are already bidding to a handle this massive sale.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Thursday, March 25, 2010
Yes Cube to Hollow ??
Mumbai based infrastructure company cheated nearly 800 investors to nearly 15 cr.
The commitment was to get Rs.12000 per month on an investment of Rs.1 lac. Greedy people became investors and get trapped.
For Complaints and views related to this company, click on following links.
http://answers.yahoo.com/question/index?qid=20090208010316AACL6Ik
http://www.consumercomplaints.in/?search=yes%20cube
Beware from such organizations !
Published in the interest of Investors.
The commitment was to get Rs.12000 per month on an investment of Rs.1 lac. Greedy people became investors and get trapped.
For Complaints and views related to this company, click on following links.
http://answers.yahoo.com/question/index?qid=20090208010316AACL6Ik
http://www.consumercomplaints.in/?search=yes%20cube
Beware from such organizations !
Published in the interest of Investors.
25 March,2010 Closing Market Updates
25 March,2010 Closing Market Updates 15:32
As recommended in meantime,Nifty sprinted to a day high of 5267.30 after it sustained above 5220.In the first session 5200 puts were trading with unrealistic premium so it was a confirmation that Nifty wouldn's go below 5200 mark.Nifty closed on higher side at 5260 gaining 34.70 points while Sensex closed at 17561.48 with 110.46 points gain.
Among BSE Sectoral Indices,Consumer Durable index gained most by 1.09% followed by Healthcare index.PSU was the loser with 0.82%
Herohonda was the top gainer among the Nifty50 stocks, gained 5.26% and closed at 2040.
Acc was the top loser which lost 2.56% and closed at 933.
Overall market breadth was negative as 729 stocks declined and 552 stocks gained today on NSE.
Our Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For abroad clients : +919371031008
As recommended in meantime,Nifty sprinted to a day high of 5267.30 after it sustained above 5220.In the first session 5200 puts were trading with unrealistic premium so it was a confirmation that Nifty wouldn's go below 5200 mark.Nifty closed on higher side at 5260 gaining 34.70 points while Sensex closed at 17561.48 with 110.46 points gain.
Among BSE Sectoral Indices,Consumer Durable index gained most by 1.09% followed by Healthcare index.PSU was the loser with 0.82%
Herohonda was the top gainer among the Nifty50 stocks, gained 5.26% and closed at 2040.
Acc was the top loser which lost 2.56% and closed at 933.
Overall market breadth was negative as 729 stocks declined and 552 stocks gained today on NSE.
Our Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For abroad clients : +919371031008
25 March 2010 Morning Market Updates
March 2010 Morning Updates 08:57
(Many of our reeders facing a problem with IE8 while opening today's blog.We recommend to open it with Google Chrome or Opera or to restart your device(s).
Today market will open slightly negative but chances to recover immediately.As today is the expiry of March contracts in derivative segment, there is a possibility of volatility.
Recommendations :
Follow Buy calls in improving market trend and v.v.
Buy Aptecht above 174 close sl 169 Target 183
Buy ONGC above 1080 sl 1064 Target 1096
Buy Powergrid above 109 sl 107 Target 112
Buy Glenmark above 248 sl 241 Target 259
Book profits in short M&M Ref.22/03 Trail sl 1068 T3 1028
Hold Short DLF Ref.23/03 Trail sl 305 T3 289
Hold Short ICICIBank Ref.23/03
IDFC Ref.23/03 Trail sl 161 T3 155
Sell Wipro sl 724 Target 712
Sell Herohonda below 1905
Sell Hindalco below 168 sl 172 Target 162
Sell JPAssociat below 146 sl 149 Target 143 / 141
Sell Jisljaleqs below 936 sl 950 Target 914 Positional
Sell Sail below 237
Sell Sesagoa below 441
Stocks in News :
Zain board approves sale of African assets to Bharti: Agencies
Due diligence on Zain asset sale to Bharti complete
Zain asset sale to Bharti to be signed in next few days
-Documentation process for deal underway
-Will take a few days to close deal
-Bharti formal announcement expected on Thursday
-Bharti ties up financing for acquisition of Zain Africa BV
-Entire financing of USD 8.3 billion for Zain successfully tied-up
-Financing over-subscribed
-Major international banks to underwrite total amount
Tech Mahindra – AT&T deal
AT&T International buys 8.07% in Tech Mahindra via off-market transaction
Had board 'observer' without voting rights in Tech Mah in the past
Agreed accomplishing objective not dependent on board representative
Cannot comment on hiking stake in Tech Mahindra
-AT&T management exercised this option as per 2005 agreement
-USD 35 million will be spread between Tech Mahindra & BT
-Deal occurred on account of expiry of agreement
-Exposure with AT&T will increase in next few months
-AT&T will not have board representation on Tech Mah board
-No other such option agreements with other clients
IPO Updates :
Goenka Diamond (closes tomorrow)
-Total subscription at 1.65 times (X)
-QIB 1.06X, NII at 7.36X, retail 0.036X
Intrasoft Technologies (closes tomorrow)
-Total subscription at 0.57 X
-QIB at 0.88X, NII at 0.72X, retail 0.048X
NTPC setting up 1,000 mw merchant power capacity
-Power secy says: govt priority towards covering power deficit
-Company eligible under electricity act to sell merchant power
-To pursue merchant power sale plan with govt
Alok industries
-Raises Rs 400 crore via QIP issue; Issue priced at Rs 23.32/share
-Alok industries was looking to raise between Rs 350-460 crore
-Proceeds to be used for debt repayment, capacity utilisation
Kingfisher airlines
-To more than double fleet strength
-Deliveries of new aircraft expected to start from 2012
-Finance Ministry rules out rolling back service tax on airline travel
-Praful Patel met from last to ask for roll back: sources
10% service tax imposed on air travel in budget 2010-11
From the Oil Ministry ;
-Euro-IV petrol to cost oil companies 41 paise/litre more
-Euro-IV diesel to cost oil companies 26 paise/litre more
-See FY11 fuel sale revenue loss at Rs 7,000 crore
-Necessary to take hard decisions on fuel prices
-FY10 fuel sale revenue loss seen at Rs 45,000 crore
-PSUs to invest Rs 14,000 crore/year on refinery upgrade
Indage Vintners:
-HC has granted a stay of 15 days while considering the petition of winding up filed by a few creditors
-To submit payment schedule post CDR
-Likely to discuss CDR on March 26
Payment schedule relates to unpaid employees, lenders
Piramal Health :
-I-pill to fit in strategically in company's OTC vertical
-Evaluating market strategies for i-pill
-I-pill to continue to be market leader in contraceptive space
-Existing distribution channel will help grow i-pill brand
-Company scouting for more acquisitions in OTC segment
Dr Reddys Labs (DRL) update:
-Albany Molecular Research & Sanofi Aventis US Unit seeking preliminary injunction to block Dr Reddy’s from selling generic version of Allegra D
-In September AMRI sued DRL saying the generic infringed patents relating to the manufacturing process of the drug
Board meetings today:
-AstraZeneca - consider a proposal for augmenting the Company's existing manufacturing facility.
-BSEL Infra - analyse scheme of Demerger of various segments like hospitality & international projects
-Henkel India – results
-Channel Guide - consider issue of QIB
-Birla Power - Raising of funds by issue of GDRs/ADRs/FCCBs (CMP Rs 3.5)
Other stocks and sectors that are in news today:
-Power Grid plans FPO in September.
-Unitech under ED lens over 2G licences.
-Apollo Hospitals to add 2,000 beds by 2010-11 – PTI
-Bayer drags Cipla to court over Patent infringement of cancer drug – ET
-Bosch settles wage dispute at Bangalore plans
F&O cues:
Total Futures Open Int up by Rs 1731 crore
Total Options Open Int down by 1168 crore
Nifty up 0.4%, total Nifty Open Int up 9%
Stock Futures shed 1.25 crore shares in Open Int
Nifty Open Int PCR unchanged at 1.67
Nifty Put sheds 13.3 lakh shares in Open Int
Nifty Call sheds 7.5 lakh shares in Open Int
Nifty April 5000 Put add 7.2 lakh shares in Open Int
Nifty April 5200 Put add 6 lakh shares in Open Int
Nifty April 5300 Call add 4.2 lakh shares in Open Int
Nifty April 5400 Call adds 3.5 lakh shares in Open Int
FIIs in F&O on March 23
Net buy Rs 579 crore in Nifty Futures
Nifty Futures Open Int up by 1,10,378 contracts
Net sell Rs 79 crore in Nifty Options
Nifty Options Open Int up by 31234 contracts
Net sell Rs 101 crore in Stock Futures
Stock Futures Open Int up by 1472 contracts
Market cues:
FIIs were net buyers of USD 59.5 million in equities on March 22
NSE F&O Open Int was up by Rs 562 crore at Rs 1,33,084 crore
As per provisional data of March 23, FIIs were net buyers of Rs 360 crore, while DIIs were net sellers of Rs 73.4 crore in cash markets. FIIs were net buyers of Rs 392 crore in F&O.
US Market Updates :
Yesterday,Dow Jones closed more than 50 points lower at 10,836, the S&P 500 shut shop at 1,168, while the Nasdaq closed at around 2400. Volatility spiked with the VIX surging more than 7% in its sharpest hike since February. Volume was once again light, with declines outpacing the advances.
The US stocks snapped a two-day winning streak after Fitch cut its rating on Portugal by one notch and warned that another downgrade could be on the way.
P&G, Verizon and Merck were the biggest percentage decliners on the Dow while bank stocks like Bank of America and Citigroup were the only gainers among 10 key S&P sector indexes.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
(Many of our reeders facing a problem with IE8 while opening today's blog.We recommend to open it with Google Chrome or Opera or to restart your device(s).
Today market will open slightly negative but chances to recover immediately.As today is the expiry of March contracts in derivative segment, there is a possibility of volatility.
Recommendations :
Follow Buy calls in improving market trend and v.v.
Buy Aptecht above 174 close sl 169 Target 183
Buy ONGC above 1080 sl 1064 Target 1096
Buy Powergrid above 109 sl 107 Target 112
Buy Glenmark above 248 sl 241 Target 259
Book profits in short M&M Ref.22/03 Trail sl 1068 T3 1028
Hold Short DLF Ref.23/03 Trail sl 305 T3 289
Hold Short ICICIBank Ref.23/03
IDFC Ref.23/03 Trail sl 161 T3 155
Sell Wipro sl 724 Target 712
Sell Herohonda below 1905
Sell Hindalco below 168 sl 172 Target 162
Sell JPAssociat below 146 sl 149 Target 143 / 141
Sell Jisljaleqs below 936 sl 950 Target 914 Positional
Sell Sail below 237
Sell Sesagoa below 441
Stocks in News :
Zain board approves sale of African assets to Bharti: Agencies
Due diligence on Zain asset sale to Bharti complete
Zain asset sale to Bharti to be signed in next few days
-Documentation process for deal underway
-Will take a few days to close deal
-Bharti formal announcement expected on Thursday
-Bharti ties up financing for acquisition of Zain Africa BV
-Entire financing of USD 8.3 billion for Zain successfully tied-up
-Financing over-subscribed
-Major international banks to underwrite total amount
Tech Mahindra – AT&T deal
AT&T International buys 8.07% in Tech Mahindra via off-market transaction
Had board 'observer' without voting rights in Tech Mah in the past
Agreed accomplishing objective not dependent on board representative
Cannot comment on hiking stake in Tech Mahindra
-AT&T management exercised this option as per 2005 agreement
-USD 35 million will be spread between Tech Mahindra & BT
-Deal occurred on account of expiry of agreement
-Exposure with AT&T will increase in next few months
-AT&T will not have board representation on Tech Mah board
-No other such option agreements with other clients
IPO Updates :
Goenka Diamond (closes tomorrow)
-Total subscription at 1.65 times (X)
-QIB 1.06X, NII at 7.36X, retail 0.036X
Intrasoft Technologies (closes tomorrow)
-Total subscription at 0.57 X
-QIB at 0.88X, NII at 0.72X, retail 0.048X
NTPC setting up 1,000 mw merchant power capacity
-Power secy says: govt priority towards covering power deficit
-Company eligible under electricity act to sell merchant power
-To pursue merchant power sale plan with govt
Alok industries
-Raises Rs 400 crore via QIP issue; Issue priced at Rs 23.32/share
-Alok industries was looking to raise between Rs 350-460 crore
-Proceeds to be used for debt repayment, capacity utilisation
Kingfisher airlines
-To more than double fleet strength
-Deliveries of new aircraft expected to start from 2012
-Finance Ministry rules out rolling back service tax on airline travel
-Praful Patel met from last to ask for roll back: sources
10% service tax imposed on air travel in budget 2010-11
From the Oil Ministry ;
-Euro-IV petrol to cost oil companies 41 paise/litre more
-Euro-IV diesel to cost oil companies 26 paise/litre more
-See FY11 fuel sale revenue loss at Rs 7,000 crore
-Necessary to take hard decisions on fuel prices
-FY10 fuel sale revenue loss seen at Rs 45,000 crore
-PSUs to invest Rs 14,000 crore/year on refinery upgrade
Indage Vintners:
-HC has granted a stay of 15 days while considering the petition of winding up filed by a few creditors
-To submit payment schedule post CDR
-Likely to discuss CDR on March 26
Payment schedule relates to unpaid employees, lenders
Piramal Health :
-I-pill to fit in strategically in company's OTC vertical
-Evaluating market strategies for i-pill
-I-pill to continue to be market leader in contraceptive space
-Existing distribution channel will help grow i-pill brand
-Company scouting for more acquisitions in OTC segment
Dr Reddys Labs (DRL) update:
-Albany Molecular Research & Sanofi Aventis US Unit seeking preliminary injunction to block Dr Reddy’s from selling generic version of Allegra D
-In September AMRI sued DRL saying the generic infringed patents relating to the manufacturing process of the drug
Board meetings today:
-AstraZeneca - consider a proposal for augmenting the Company's existing manufacturing facility.
-BSEL Infra - analyse scheme of Demerger of various segments like hospitality & international projects
-Henkel India – results
-Channel Guide - consider issue of QIB
-Birla Power - Raising of funds by issue of GDRs/ADRs/FCCBs (CMP Rs 3.5)
Other stocks and sectors that are in news today:
-Power Grid plans FPO in September.
-Unitech under ED lens over 2G licences.
-Apollo Hospitals to add 2,000 beds by 2010-11 – PTI
-Bayer drags Cipla to court over Patent infringement of cancer drug – ET
-Bosch settles wage dispute at Bangalore plans
F&O cues:
Total Futures Open Int up by Rs 1731 crore
Total Options Open Int down by 1168 crore
Nifty up 0.4%, total Nifty Open Int up 9%
Stock Futures shed 1.25 crore shares in Open Int
Nifty Open Int PCR unchanged at 1.67
Nifty Put sheds 13.3 lakh shares in Open Int
Nifty Call sheds 7.5 lakh shares in Open Int
Nifty April 5000 Put add 7.2 lakh shares in Open Int
Nifty April 5200 Put add 6 lakh shares in Open Int
Nifty April 5300 Call add 4.2 lakh shares in Open Int
Nifty April 5400 Call adds 3.5 lakh shares in Open Int
FIIs in F&O on March 23
Net buy Rs 579 crore in Nifty Futures
Nifty Futures Open Int up by 1,10,378 contracts
Net sell Rs 79 crore in Nifty Options
Nifty Options Open Int up by 31234 contracts
Net sell Rs 101 crore in Stock Futures
Stock Futures Open Int up by 1472 contracts
Market cues:
FIIs were net buyers of USD 59.5 million in equities on March 22
NSE F&O Open Int was up by Rs 562 crore at Rs 1,33,084 crore
As per provisional data of March 23, FIIs were net buyers of Rs 360 crore, while DIIs were net sellers of Rs 73.4 crore in cash markets. FIIs were net buyers of Rs 392 crore in F&O.
US Market Updates :
Yesterday,Dow Jones closed more than 50 points lower at 10,836, the S&P 500 shut shop at 1,168, while the Nasdaq closed at around 2400. Volatility spiked with the VIX surging more than 7% in its sharpest hike since February. Volume was once again light, with declines outpacing the advances.
The US stocks snapped a two-day winning streak after Fitch cut its rating on Portugal by one notch and warned that another downgrade could be on the way.
P&G, Verizon and Merck were the biggest percentage decliners on the Dow while bank stocks like Bank of America and Citigroup were the only gainers among 10 key S&P sector indexes.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Tuesday, March 23, 2010
23 March,2010 Closing Market Updates
23 March,2010 Closing Market Updates 15:32
Market opened today where it lasts yesterday.Nifty opened and immediately made high of 5243.6.But weakness in Telecom and Cement stocks pushed Nifty to its day low.Also traders booked profits on yesterday's gains with a cautious note just before the opening of European indices.Nifty touched an intraday low of 5193.40.But positive opening on European bources and positive statement about India's growth story helped index to close in positive.Nifty closed at 5223.60 gaining 18.3 points while Sensex gained 30.14 points to close at 17440.71(Post closing figures are different from closing figures).
Hon.Prime Minister Manmohan Singh said,"The government must spend $1 trillion on roads, ports, power and other infrastructure between 2012 and 2017 to help accelerate economic growth to 10% and cut poverty.The $1.2 trillion economy may accelerate 8.5% in the year starting April 1 as Asia's third-largest economy rebounds from the global recession."
Dr.Singh called for a partnership between the government and companies to build new roads, widen the railway network and increase power generation, pointing to the progress in the country's telecommunication business as a "compelling" example that such a proposition is "feasible."
Among BSE Sectoral Indices,Healthcare gained most by 1.51% whereas Realty ws down 0.74%
Among Nifty50 stocks,Cairn India gained most with 4.02% to close at 293.55 and Idea cellular lost by 3.70% to close at 65.15
Overall market breadth was mixed as 618 stocks gained and 661 stocks declined today on NSE.
Contact details :
Email : info@integrity.org.in
Call : +91 99750 60000
For abroad clients : +919371031008
Market opened today where it lasts yesterday.Nifty opened and immediately made high of 5243.6.But weakness in Telecom and Cement stocks pushed Nifty to its day low.Also traders booked profits on yesterday's gains with a cautious note just before the opening of European indices.Nifty touched an intraday low of 5193.40.But positive opening on European bources and positive statement about India's growth story helped index to close in positive.Nifty closed at 5223.60 gaining 18.3 points while Sensex gained 30.14 points to close at 17440.71(Post closing figures are different from closing figures).
Hon.Prime Minister Manmohan Singh said,"The government must spend $1 trillion on roads, ports, power and other infrastructure between 2012 and 2017 to help accelerate economic growth to 10% and cut poverty.The $1.2 trillion economy may accelerate 8.5% in the year starting April 1 as Asia's third-largest economy rebounds from the global recession."
Dr.Singh called for a partnership between the government and companies to build new roads, widen the railway network and increase power generation, pointing to the progress in the country's telecommunication business as a "compelling" example that such a proposition is "feasible."
Among BSE Sectoral Indices,Healthcare gained most by 1.51% whereas Realty ws down 0.74%
Among Nifty50 stocks,Cairn India gained most with 4.02% to close at 293.55 and Idea cellular lost by 3.70% to close at 65.15
Overall market breadth was mixed as 618 stocks gained and 661 stocks declined today on NSE.
Contact details :
Email : info@integrity.org.in
Call : +91 99750 60000
For abroad clients : +919371031008
23 March 2010 Morning Market Updates
23 March 2010 Morning Updates:
Recommendations:
Follow Sell calls in falling market or if Nifty goes below 5170
Buy NTPC above 204 sl 201 Target 209
Buy Onmobile sl 390 Target 404 / 411 Positional
Sell ABB sl 846 Target 823 / 816
Sell DLF sl 307 Target 298 / 295
Sell Gail sl 410 Target 403
Sell HCLTech below 366 sl 371 Target 359
Sell HDFC sl 2560 Target 2606 / 2581
Sell Hindalco below 168 sl 172 Target 162
Sell ICICIBank below 926 sl 935 Target 912
Sell JPAssociat below 146 sl 149 Target 142
Sell LIC sl 812 Target 795
Stocks that are in news today:
Alok Industries - sources
Alok Industries QIP book opens
Alok Industries to raise between Rs 350-460 crore via QIP
Alok Industries QIP issue priced at Rs 23.32/share ((CMP: 23.25))
Welspun Gujarat
Open offer for MSK Projects at Rs 130.50/share ((CMP: 150))
Open offer for MSK Projects from May 6 to May 25
Cadila - PharmAsia News
Cadila in pact with US-based NIH to develop new HPV (human papilloma virus) Vaccine
HPV is known to be a major cause of cervical cancer
Cadila's vaccine based on Measles Vaccine platform technology that can be used earlier than existing products
Gardasil of Merck and Cervarix of GSK are the two HPV vacs in market
Cadila's vaccine will immunize against strains more prevalent in India
Other stocks and sectors that are in news today:
IVRCL to sell chunk of its 3300 acres land to unlock value, management says working on a plan of accruing at least Rs 100 crore every year – DNA
Fresh trouble for Wockhardt as offshore lenders may move to court
GE Shipping board approves IPO of subsidiary Great Ship
TRF acquires UK based Hewitt Robins Int for 3 million pound
Jindal Cotex board approves fund raising of up to Rs 150 crore via rights issue and upto USD 50 million via GDR/FCCB issue, to raise FII limit to 74% from 24%
Videocon led consortium strikes add gas in Mozambique filed (Both BPCL and Videocon has 10% participating int in the block)
UltraTech Cement shareholders approves scheme of arrangement of amalgamation of Samruddhi Cement
HDFC Standard Life says IPO plans delayed by a year to FY12
Ex-dividend: ACC (Rs 13/sh)
F&O cues:
Futures Open Int down by Rs 551 crore
Options Open Int up by Rs 704 crore
Nifty Mar Fut shed 37 lakh shares in Open Int, at 8-pt prem
Nifty Apr Fut add 41 lakh shares in Open IntI, at 12-pt prem
Nifty Open Int PCR at 1.67 versus 1.68
Nifty Puts add 3.6 lakh shares in Open Int
Nifty Calls add 7.6 lakh shares in Open Int
Nifty 5000 Put adds 4.6 lakh shares in Open Int
Nifty 5200 Put adds 3.8 lakh shares in Open Int
Nifty 5100 Put adds 2.4 lakh shares in Open Int
Nifty 5300 Put sheds 4 lakh shares in Open Int
Stock Futures add 0.6 cr shares in Open Int
Rollovers
Marketwide rollover at 38% versus avg of 45%
Nifty rollover at 40% versus average of 44%
Strong rollovers in cement, FMCG
FIIs in F&O on March 22
Net sell Rs 1102 crore in Nifty Futures
Net buy Rs 1187 crore in Nifty Options
Net sell Rs 433 crore in Stock Futures
FIIs net sell Rs 1102 cr in Nifty futures
FIIs were net sellers to the tune of Rs 1,102 crore in Nifty futures while net buyers of Rs 1,187 crore in Nifty options. The Nifty March futures ended at 8-point premium and Nifty April futures at 12-point premium.
The Nifty Open Interest PCR was at 1.67 versus 1.68. Nifty 5000 Put added 4.6 lakh shares in Open Interest and Nifty 5200 Put added 3.8 lakh shares in Open Interest.
Marketwide rollover was at 38% versus average of 45% and Nifty rollover at 40% versus average of 44%.
Realty stocks plunged on hike in key rates by RBI. Indiabulls Real tumbled 6.8% and its futures Open Interest was up by 20%. Similar trend was seen in HDIL.
Fresh short positions were seen in Suzlon Energy and GVK Power. Suzlon lost 3.7% and its futures Open Interest was up by 3%. GVK Power slipped 2.8% and its futures Open Interest was up by 17%.
Fresh long positions were seen in Voltas. The stock rose 2% and its futures Open Interest was up by 15%.
Long unwinding was seen in IFCI. The stock fell 2.2% and its futures Open Interest was down by 6%
US Market:
After a weak opening, US stocks finally closed higher led by healthcare as passage of the health-care bill lifted uncertainty surrounding the legislation that was hanging over the market. Stocks like Merck and Pfizer supported the Dow.
In other stocks, Citigroup jumped more than 4% after an analyst upgrade on the stock to "buy" from "neutral." The other key gainer in yesterday's trade was automaker Ford, which gained more than 5%.
And in other important news, the senate banking committee approved the democratic legislation overhauling Wall Street regulations on a party-line vote. The bill now goes to the senate. The bill would give the government unprecedented powers to split up firms considered a threat to the economy, put together a council of regulators to watch for risks in the financial system and create an independent consumer watchdog.
At the end of Monday's trade, the Dow shut shop 44 points higher at 10,786, the S&P 500 closed at 1,166 while Nasdaq ended 21 points up at 2,395.
The dollar fell versus the euro after touching a 3-week high as some risk appetite returned.
European leaders tried to allay concerns that they were unprepared to aid Greece easing pressure on higher- yielding assets. The ECB president said the central bank is prepared to reassess its collateral rules if necessary, softening its stance as Greece struggles to cut the region's largest budget shortfall.
In commodities, crude prices rose slightly after Wall Street saw modest gains.
Copper prices gained marginally for the first time in three sessions as the dollar's retreat bolstered demand for commodities as alternative assets.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Recommendations:
Follow Sell calls in falling market or if Nifty goes below 5170
Buy NTPC above 204 sl 201 Target 209
Buy Onmobile sl 390 Target 404 / 411 Positional
Sell ABB sl 846 Target 823 / 816
Sell DLF sl 307 Target 298 / 295
Sell Gail sl 410 Target 403
Sell HCLTech below 366 sl 371 Target 359
Sell HDFC sl 2560 Target 2606 / 2581
Sell Hindalco below 168 sl 172 Target 162
Sell ICICIBank below 926 sl 935 Target 912
Sell JPAssociat below 146 sl 149 Target 142
Sell LIC sl 812 Target 795
Stocks that are in news today:
Alok Industries - sources
Alok Industries QIP book opens
Alok Industries to raise between Rs 350-460 crore via QIP
Alok Industries QIP issue priced at Rs 23.32/share ((CMP: 23.25))
Welspun Gujarat
Open offer for MSK Projects at Rs 130.50/share ((CMP: 150))
Open offer for MSK Projects from May 6 to May 25
Cadila - PharmAsia News
Cadila in pact with US-based NIH to develop new HPV (human papilloma virus) Vaccine
HPV is known to be a major cause of cervical cancer
Cadila's vaccine based on Measles Vaccine platform technology that can be used earlier than existing products
Gardasil of Merck and Cervarix of GSK are the two HPV vacs in market
Cadila's vaccine will immunize against strains more prevalent in India
Other stocks and sectors that are in news today:
IVRCL to sell chunk of its 3300 acres land to unlock value, management says working on a plan of accruing at least Rs 100 crore every year – DNA
Fresh trouble for Wockhardt as offshore lenders may move to court
GE Shipping board approves IPO of subsidiary Great Ship
TRF acquires UK based Hewitt Robins Int for 3 million pound
Jindal Cotex board approves fund raising of up to Rs 150 crore via rights issue and upto USD 50 million via GDR/FCCB issue, to raise FII limit to 74% from 24%
Videocon led consortium strikes add gas in Mozambique filed (Both BPCL and Videocon has 10% participating int in the block)
UltraTech Cement shareholders approves scheme of arrangement of amalgamation of Samruddhi Cement
HDFC Standard Life says IPO plans delayed by a year to FY12
Ex-dividend: ACC (Rs 13/sh)
F&O cues:
Futures Open Int down by Rs 551 crore
Options Open Int up by Rs 704 crore
Nifty Mar Fut shed 37 lakh shares in Open Int, at 8-pt prem
Nifty Apr Fut add 41 lakh shares in Open IntI, at 12-pt prem
Nifty Open Int PCR at 1.67 versus 1.68
Nifty Puts add 3.6 lakh shares in Open Int
Nifty Calls add 7.6 lakh shares in Open Int
Nifty 5000 Put adds 4.6 lakh shares in Open Int
Nifty 5200 Put adds 3.8 lakh shares in Open Int
Nifty 5100 Put adds 2.4 lakh shares in Open Int
Nifty 5300 Put sheds 4 lakh shares in Open Int
Stock Futures add 0.6 cr shares in Open Int
Rollovers
Marketwide rollover at 38% versus avg of 45%
Nifty rollover at 40% versus average of 44%
Strong rollovers in cement, FMCG
FIIs in F&O on March 22
Net sell Rs 1102 crore in Nifty Futures
Net buy Rs 1187 crore in Nifty Options
Net sell Rs 433 crore in Stock Futures
FIIs net sell Rs 1102 cr in Nifty futures
FIIs were net sellers to the tune of Rs 1,102 crore in Nifty futures while net buyers of Rs 1,187 crore in Nifty options. The Nifty March futures ended at 8-point premium and Nifty April futures at 12-point premium.
The Nifty Open Interest PCR was at 1.67 versus 1.68. Nifty 5000 Put added 4.6 lakh shares in Open Interest and Nifty 5200 Put added 3.8 lakh shares in Open Interest.
Marketwide rollover was at 38% versus average of 45% and Nifty rollover at 40% versus average of 44%.
Realty stocks plunged on hike in key rates by RBI. Indiabulls Real tumbled 6.8% and its futures Open Interest was up by 20%. Similar trend was seen in HDIL.
Fresh short positions were seen in Suzlon Energy and GVK Power. Suzlon lost 3.7% and its futures Open Interest was up by 3%. GVK Power slipped 2.8% and its futures Open Interest was up by 17%.
Fresh long positions were seen in Voltas. The stock rose 2% and its futures Open Interest was up by 15%.
Long unwinding was seen in IFCI. The stock fell 2.2% and its futures Open Interest was down by 6%
US Market:
After a weak opening, US stocks finally closed higher led by healthcare as passage of the health-care bill lifted uncertainty surrounding the legislation that was hanging over the market. Stocks like Merck and Pfizer supported the Dow.
In other stocks, Citigroup jumped more than 4% after an analyst upgrade on the stock to "buy" from "neutral." The other key gainer in yesterday's trade was automaker Ford, which gained more than 5%.
And in other important news, the senate banking committee approved the democratic legislation overhauling Wall Street regulations on a party-line vote. The bill now goes to the senate. The bill would give the government unprecedented powers to split up firms considered a threat to the economy, put together a council of regulators to watch for risks in the financial system and create an independent consumer watchdog.
At the end of Monday's trade, the Dow shut shop 44 points higher at 10,786, the S&P 500 closed at 1,166 while Nasdaq ended 21 points up at 2,395.
The dollar fell versus the euro after touching a 3-week high as some risk appetite returned.
European leaders tried to allay concerns that they were unprepared to aid Greece easing pressure on higher- yielding assets. The ECB president said the central bank is prepared to reassess its collateral rules if necessary, softening its stance as Greece struggles to cut the region's largest budget shortfall.
In commodities, crude prices rose slightly after Wall Street saw modest gains.
Copper prices gained marginally for the first time in three sessions as the dollar's retreat bolstered demand for commodities as alternative assets.
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Monday, March 22, 2010
Closing Market Update
Closing Market Updates 15:39
Nifty closed just above the 5200 mark while Sensex above 17400
Today we have seen the gap down opening.Nifty opened 76 points on lower side at around 5187 and traded in the negative territory for the whole day.Nifty tried to cross 5250 mark but failed twice.At last Nifty closed at 5199.45 down 63.45 points and Sensex closed 185 points in negative at 17393.11.Realty stocks hit the worst today.This reaction came on the RBI's move to hike REPO and Reverse REPO rates by 0.25 %.
Among Nifty50 stocks, HDFCBank and RCOM were the top gainers with 1.55% and 1.52% respectively whereas JPAssociat lost maximum by 4.89%.
All the BSE Sectoral indices closed in red except the Healthcare index which gained 0.26%.Realty Index was the top loser with 3.88% down.
Market breadth was negative to nearly 2.70 : 1 as 951 stocks declined and 352 stocks gained today.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
Nifty closed just above the 5200 mark while Sensex above 17400
Today we have seen the gap down opening.Nifty opened 76 points on lower side at around 5187 and traded in the negative territory for the whole day.Nifty tried to cross 5250 mark but failed twice.At last Nifty closed at 5199.45 down 63.45 points and Sensex closed 185 points in negative at 17393.11.Realty stocks hit the worst today.This reaction came on the RBI's move to hike REPO and Reverse REPO rates by 0.25 %.
Among Nifty50 stocks, HDFCBank and RCOM were the top gainers with 1.55% and 1.52% respectively whereas JPAssociat lost maximum by 4.89%.
All the BSE Sectoral indices closed in red except the Healthcare index which gained 0.26%.Realty Index was the top loser with 3.88% down.
Market breadth was negative to nearly 2.70 : 1 as 951 stocks declined and 352 stocks gained today.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
22 March 2010 Morning Market Updates
22 March 2010 Morning Market Updates 08:57
Recommendations :
Follow sell calls in falling market and v.v.
Buy Powergrid sl 107 Target 110 / 112
Hold Long Rcom Trail sl 163 Target 171
Hold Long Relinfra Trail sl 1011 Target 1040
Buy Bajaj-auto sl 1852 Target 1882
Buy Canbk above 412 sl 407 Target 418 / 423 Positional
Buy Glaxo above 1728 sl 1712 Target 1745
Buy Glenmark above 250 sl 247
Buy Onmobile above 399 sl 385 Target 410
Sell IDFC below 163 sl 166 Target 159 / 157
Sell M&M below 1064 sl 1078 Target 1052
Sell Maruti below 1422 sl 1442 Target 1400 / 1392
Sell Ster below 816 sl 825 Target 808 / 803 / 800
Sell Mcdowell-n sl 1390 Target 1348
Sell Mphasis below 661 sl 668 Target 648
Sell OFSS below 2300 sl 2318 Target 2271
Stocks that are in news today:
Cipla to replace Sun Pharma in the Sensex from May 3
Bharti-Zain deal update
Bharti ties up financing for proposed acquisition of Zain Africa buy
Entire financing of USD 8.3 billion for Zain successfully tied-up
IPL update
Sahara buys team Pune for USD 370 million ((Existing top teams may now command valuations of over USD 600 million or so easily))
Rendezvous Sports buys team Kochi for USD 333.3 million
Mahindra Satyam says
Mahindra Satyam among firms shortlisted for UID project
India, Europe, West Asia, Africa markets pose great opportunities
To focus on Police, Urbanisation projects in India
EU firms are relationship oriented, still with us
Little damage done due to Satyam scam
OP Bhatt on RBI Rate hike:
April Monetary Policy may see tightening of rates
Rise in interest rates will depend on liquidity
No immediate impact of rate hike on SBI lending rates
Inflation may peak in 2-3 months
Will take call on 8% home loan plan by end of FY10
Persistent IPO closes
Total 93.6 times (X)
QIB 144x
NII 108x
Retail 22x
Other stocks and sectors that are in news today:
Bhilwara Spinners open offer at Rs 18/share
Educomp plans biz recast, appoints E&Y
GMR Mulls ways to monetize MIAL Land Bombay HC approves demerger of Zee News’ GEC biz and transfer of same to Zee Entertainment
PVR board approves merger of Leisure World, (owner of PVR Anupam at Saket) with self
10 companies including Infosys, Wipro, TCS shortlisted for Unique ID project – BL
Prajay Eng plans USD 150 million FCCB issue – BL
NHAI ease financial closure clause which restricted developers from bidding for further projects Tata Motors to sell stake in Telecon to partner Hitachi – Mint
Asarco hauls Sterlite to court for backing out of USD 2.6 billion takeover deal – BS
Tata Power proposes tariff hike for Mumba
F&O cues:
Futures Open Int up Rs 1447 crore
Options Open Int up Rs 916 crore
Nifty Mar Fut shed 3 lakh shares in Open Int, at 12-pt prem
Nifty Apr Fut add 15 3 lakh shares in Open Int, at 15-pt prem
Nifty Open Int PCR at 1.68 versus 1.67
Nifty Puts add 11 lakh shares in Open Int
Nifty Calls add 3 lakh shares in Open Int
Nifty 5300 Put adds 8 lakh shares in Open Int
Nifty 5400 Call adds 5 lakh shares in Open Int
Stock Futures add 2 crore shares in Open Int
Nifty Futures Open Int up 35,144 contracts
Market cues:
RBI hiked repo, reverse repo by 25 bps each
FIIs were net buyers of USD 156 million in equities on March 17
NSE F&O Open Int was up by Rs 2363 crore at Rs 1,32,369 crore; at an all-time high
As per provisional data of March 18, FIIs were net buyers of Rs 284 crore, DIIs were net buyers of Rs 113 crore in cash markets. FIIs were net buyers of Rs 340 crore in F&O.
US Market:
US stocks fell on Friday, interrupting the Dow's eight-session winning streak, as the dollar's climb hurt oil prices and dragged on energy stocks.
The euro fell to more than a two-week low against the greenback on revived worries about Greece's debt problems. Dollar-denominated commodities such as oil and gold fell as a stronger dollar makes them more expensive for holders of other currencies.
Regarding Greece and its huge debt burden, the European Union's monetary affairs chief urged the bloc's leaders to agree on a standby aid package for Greece next week. But investors fear German reluctance could hinder the effort
Between France, Germany, and the IMF -- they are playing chicken," said Peter Kenny, managing director of Knight Equity Markets in Jersey City, New Jersey.
"We can't seem to get rid of this thing, and the longer it hangs around, the greater the rush is going to be for the exit."
Energy stocks stumbled on the drop in commodity prices, with the S&P Energy Index down 1.2 percent as US crude oil futures lost 1.9 percent to $80.64 a barrel. Dow component Exxon Mobil fell 1 percent to $66.74.
But healthcare stocks rose ahead of an impending congressional vote to overhaul the US healthcare system, with the Morgan Stanley Healthcare Payor index up 2.6 percent. Further boosting the sector was Aetna Inc, which gained 3.8 percent to $34.49 after it forecast first-quarter earnings above consensus.
The Dow Jones industrial average dropped 52.30 points, or 0.49 percent, to 10,726.87. The Standard & Poor's 500 Index dropped 6.93 points, or 0.59 percent, to 1,158.91. The Nasdaq Composite Index dropped 19.67 points, or 0.82 percent, to 2,371.61.
Boeing Co tacked on 1 percent to $71.56 after the Dow component said it will move up production for both its 777 and 747 widebody planes, citing increased demand.
3M Co, which fell 2 percent to $81.97, was the top drag on the Dow as the diversified manufacturer erased gains made in Thursday's sessions, when it was one of the top gainers on the blue-chip index.
Weighing on the Nasdaq was Palm Inc, which plunged 26.9 percent to $4.12 a day after it warned that quarterly revenues would be far below expectations as low demand for its smartphones left wireless carriers with excess inventory.
SunPower Corp tumbled 15.3 percent to $18.67 a day after it gave a weaker-than-expected profit outlook for 2010, prompting a number of analysts to cut their price targets on the stock.
Electronics retailer Best Buy climbed 1.6 percent to $41.10 after Goldman Sachs upgraded the stock to "buy," citing prospects for a better-than-expected 2010.
Volume has been thin during the week and volatility has dropped considerably. The CBOE Volatility Index is down roughly 5 percent this week and hit its lowest mark since May 2008.
Friday marks the second day of a convergence known as quadruple witching, when four types of options and futures contracts expire, possibly triggering volatility and higher volumes
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Recommendations :
Follow sell calls in falling market and v.v.
Buy Powergrid sl 107 Target 110 / 112
Hold Long Rcom Trail sl 163 Target 171
Hold Long Relinfra Trail sl 1011 Target 1040
Buy Bajaj-auto sl 1852 Target 1882
Buy Canbk above 412 sl 407 Target 418 / 423 Positional
Buy Glaxo above 1728 sl 1712 Target 1745
Buy Glenmark above 250 sl 247
Buy Onmobile above 399 sl 385 Target 410
Sell IDFC below 163 sl 166 Target 159 / 157
Sell M&M below 1064 sl 1078 Target 1052
Sell Maruti below 1422 sl 1442 Target 1400 / 1392
Sell Ster below 816 sl 825 Target 808 / 803 / 800
Sell Mcdowell-n sl 1390 Target 1348
Sell Mphasis below 661 sl 668 Target 648
Sell OFSS below 2300 sl 2318 Target 2271
Stocks that are in news today:
Cipla to replace Sun Pharma in the Sensex from May 3
Bharti-Zain deal update
Bharti ties up financing for proposed acquisition of Zain Africa buy
Entire financing of USD 8.3 billion for Zain successfully tied-up
IPL update
Sahara buys team Pune for USD 370 million ((Existing top teams may now command valuations of over USD 600 million or so easily))
Rendezvous Sports buys team Kochi for USD 333.3 million
Mahindra Satyam says
Mahindra Satyam among firms shortlisted for UID project
India, Europe, West Asia, Africa markets pose great opportunities
To focus on Police, Urbanisation projects in India
EU firms are relationship oriented, still with us
Little damage done due to Satyam scam
OP Bhatt on RBI Rate hike:
April Monetary Policy may see tightening of rates
Rise in interest rates will depend on liquidity
No immediate impact of rate hike on SBI lending rates
Inflation may peak in 2-3 months
Will take call on 8% home loan plan by end of FY10
Persistent IPO closes
Total 93.6 times (X)
QIB 144x
NII 108x
Retail 22x
Other stocks and sectors that are in news today:
Bhilwara Spinners open offer at Rs 18/share
Educomp plans biz recast, appoints E&Y
GMR Mulls ways to monetize MIAL Land Bombay HC approves demerger of Zee News’ GEC biz and transfer of same to Zee Entertainment
PVR board approves merger of Leisure World, (owner of PVR Anupam at Saket) with self
10 companies including Infosys, Wipro, TCS shortlisted for Unique ID project – BL
Prajay Eng plans USD 150 million FCCB issue – BL
NHAI ease financial closure clause which restricted developers from bidding for further projects Tata Motors to sell stake in Telecon to partner Hitachi – Mint
Asarco hauls Sterlite to court for backing out of USD 2.6 billion takeover deal – BS
Tata Power proposes tariff hike for Mumba
F&O cues:
Futures Open Int up Rs 1447 crore
Options Open Int up Rs 916 crore
Nifty Mar Fut shed 3 lakh shares in Open Int, at 12-pt prem
Nifty Apr Fut add 15 3 lakh shares in Open Int, at 15-pt prem
Nifty Open Int PCR at 1.68 versus 1.67
Nifty Puts add 11 lakh shares in Open Int
Nifty Calls add 3 lakh shares in Open Int
Nifty 5300 Put adds 8 lakh shares in Open Int
Nifty 5400 Call adds 5 lakh shares in Open Int
Stock Futures add 2 crore shares in Open Int
Nifty Futures Open Int up 35,144 contracts
Market cues:
RBI hiked repo, reverse repo by 25 bps each
FIIs were net buyers of USD 156 million in equities on March 17
NSE F&O Open Int was up by Rs 2363 crore at Rs 1,32,369 crore; at an all-time high
As per provisional data of March 18, FIIs were net buyers of Rs 284 crore, DIIs were net buyers of Rs 113 crore in cash markets. FIIs were net buyers of Rs 340 crore in F&O.
US Market:
US stocks fell on Friday, interrupting the Dow's eight-session winning streak, as the dollar's climb hurt oil prices and dragged on energy stocks.
The euro fell to more than a two-week low against the greenback on revived worries about Greece's debt problems. Dollar-denominated commodities such as oil and gold fell as a stronger dollar makes them more expensive for holders of other currencies.
Regarding Greece and its huge debt burden, the European Union's monetary affairs chief urged the bloc's leaders to agree on a standby aid package for Greece next week. But investors fear German reluctance could hinder the effort
Between France, Germany, and the IMF -- they are playing chicken," said Peter Kenny, managing director of Knight Equity Markets in Jersey City, New Jersey.
"We can't seem to get rid of this thing, and the longer it hangs around, the greater the rush is going to be for the exit."
Energy stocks stumbled on the drop in commodity prices, with the S&P Energy Index down 1.2 percent as US crude oil futures lost 1.9 percent to $80.64 a barrel. Dow component Exxon Mobil fell 1 percent to $66.74.
But healthcare stocks rose ahead of an impending congressional vote to overhaul the US healthcare system, with the Morgan Stanley Healthcare Payor index up 2.6 percent. Further boosting the sector was Aetna Inc, which gained 3.8 percent to $34.49 after it forecast first-quarter earnings above consensus.
The Dow Jones industrial average dropped 52.30 points, or 0.49 percent, to 10,726.87. The Standard & Poor's 500 Index dropped 6.93 points, or 0.59 percent, to 1,158.91. The Nasdaq Composite Index dropped 19.67 points, or 0.82 percent, to 2,371.61.
Boeing Co tacked on 1 percent to $71.56 after the Dow component said it will move up production for both its 777 and 747 widebody planes, citing increased demand.
3M Co, which fell 2 percent to $81.97, was the top drag on the Dow as the diversified manufacturer erased gains made in Thursday's sessions, when it was one of the top gainers on the blue-chip index.
Weighing on the Nasdaq was Palm Inc, which plunged 26.9 percent to $4.12 a day after it warned that quarterly revenues would be far below expectations as low demand for its smartphones left wireless carriers with excess inventory.
SunPower Corp tumbled 15.3 percent to $18.67 a day after it gave a weaker-than-expected profit outlook for 2010, prompting a number of analysts to cut their price targets on the stock.
Electronics retailer Best Buy climbed 1.6 percent to $41.10 after Goldman Sachs upgraded the stock to "buy," citing prospects for a better-than-expected 2010.
Volume has been thin during the week and volatility has dropped considerably. The CBOE Volatility Index is down roughly 5 percent this week and hit its lowest mark since May 2008.
Friday marks the second day of a convergence known as quadruple witching, when four types of options and futures contracts expire, possibly triggering volatility and higher volumes
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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
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