16th March Morning Updates:
Recommendations :
Follow Sell calls in falling market
Sell:
Suzlon sl 74.25 Target 72 / 69
Kotakbank sl 767 Target 738
Aban sl 1231 Target 1204 / 1190
Riil sl 843 Target 822
Essaroil sl 140 Target 134
Bhel sl 2392 Target 2334 Positional
Tatamotors below 756 sl 765 Target 743
Mcdowell-n below 1407 sl 1418 Target 1394
GMRInfra below 56.5 sl 57.5 Target 55
IDFC below 159 sl 161 Target 156
Sail below 225 sl 232 Target 225 / 217
Relcapital below 778 sl 779 Target 759
Ibrealest below 167 sl 171 Target 163 / 160
Stocks that are in news today:
Radico Khaitan QIP opens
Radico Khaitan plans to raise $50-75 million via QIP
Radico Khaitan QIP issue priced at Rs 118.25/share
IDFC SSKI, UBS bankers to Radico Khaitan QIP
Bharti update
Special audit report of Bharti Airtel
Auditor quantifies licence fee impact on distributor margin for FY 07 & FY08
Total licence fee impact estimated by auditor is Rs 98 crore
Bharti says
No liability whatsoever on Bharti Airtel: Manoj Kohli
No further licence fee has to be paid by Bharti Airtel
Investors have no cause for concern: Manoj Kohl
Complete records were provided to auditors: Manoj Kohli
Findings of special auditors validate Bharti position: Manoj Kohli
Pradip Overseas IPO closed
Total: 14 times (x)
QIB: 8.6x
NII: 45.3x
Retail: 10.5x
IL&FS Transportation IPO closed
Total: 33.4x
QIB: 52.6x
NII: 39.4x
Retail: 4.5x
Other stocks and sectors that are in news today:
ABG Shipyard sells 3% stake in Great Offshore, stake down to 12% ((Bharati had upped by 3%, looks like ABG is selling to Bharati, so finally the saga coming to an end))
In T2T from March 19: Raj TV, Global Vectra, Morarjee Textiles, Mukta Arts
PNB Gilts to discontinue merchant banking activities
Shree Cement commissions 1.8 MTPA clinker grinding unit in Uttrakhand
Great Offshore board authorizes further fund raising of up to Rs 175 crore
Madhucon Projects granted coal mining license in Indonesia
IVR Prime gets HC approval for scheme of amalgamation, company to merge IVR Strategic resources and IVRCL water Infra with itself, post swap ratio, IVCRL stake to increase to 80%
Results today: Nissan Copper
Hero Honda may set up 4th plant in Himachal – BL
Apollo Hospital won't sell stake in Parkway JV – FE (Fortis acquired 24% stake in Parkway last week, Apollo has a JV with Parkway for Kolkata hospital)
F&O cues:
Futures Open Interest was up by Rs 31 crore while Options Open Interest up by Rs 4,582 crore
Nifty Futures open interest (OI) unchanged, at 8-point premium
Nifty Open Interest PCR at 1.44 versus 1.50
Nifty Puts add 5 lakh shares in Open Interest
Nifty Calls add 26 lakh shares in Open Interest
Nifty 5200 Call adds 12 lakh shares in Open Interest
Nifty 5100 Call added 11 lakh shares in Open Interest
Stock Futures added 2 crore shares in Open Interest
FIIs in F&O
FIIs net sold Rs 48 crore in Nifty futures and net sold Rs 207 crore in Stock futures while net bought Rs 677 crore in Nifty options on March 12, according to data available on NSE website.
Market cues:
Inflation data will be announced today. CNBC-TV18 poll sees February inflation at 9.78% as against 8.56% on month-on-month basis.
FIIs were net buyers to the tune of USD 98.3 million while MFs net sellers of Rs 244 crore in equities on March 11, according to SEBI website.
NSE F&O Open Interest was up by Rs 4,613 crore at Rs 1,19,452 crore.
As per provisional data, FIIs were net buyers to the tune of Rs 371 crore while DIIs net sellers of Rs 91 crore in cash markets on March 12. FIIs net bought Rs 424 crore in F&O.
US Markets:
After being down all day, the Dow Jones and S&P eked out some gains led by Wal-Mart after Citigroup upgraded the stock to buy & raised the price target. Financials too rebounded slightly amid relief after Senator Chris Dodd unveiled his financial-reform bill. The bill is more moderate than prior drafts.Stocks had struggled throughout the session as the dollar gained after a warning from Moody's on US and other nations with triple A debt ratings. Moody's said its ratings remain intact but warned that credit risks have grown. There were also worries about tightening in China.
The Dow Jones Industrial Average ended at 10,642.15, up 17.46 points and the S&P 500 at 1,150.51, up 0.52 points, as it hung up on the 1150 line in the final few minutes of trade. However, the Nasdaq shed 5.45 points to 2,362.21.The dollar index remained strong and stayed just under highs for most of the session. This was triggered by a slide in the euro against the dollar on lack of progress on a financial-aid package for debt-strapped Greece.
The dollar's gains led to commodity prices slipping. The CRB index ended almost a percent lower. Crude too slipped, after hitting a session lows of USD 79.13 per barrel. The commodity traded only slightly above that level for most of the session.
Copper fell to the lowest price in almost two weeks on concern that demand from China, the world's largest user, may decline as the country takes steps to reign in economic growth. Aluminium, nickel, zinc, tin and lead prices also dropped.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to 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
Suzlon sl 74.25 Target 72 / 69
Kotakbank sl 767 Target 738
Aban sl 1231 Target 1204 / 1190
Riil sl 843 Target 822
Essaroil sl 140 Target 134
Bhel sl 2392 Target 2334 Positional
Tatamotors below 756 sl 765 Target 743
Mcdowell-n below 1407 sl 1418 Target 1394
GMRInfra below 56.5 sl 57.5 Target 55
IDFC below 159 sl 161 Target 156
Sail below 225 sl 232 Target 225 / 217
Relcapital below 778 sl 779 Target 759
Ibrealest below 167 sl 171 Target 163 / 160
Stocks that are in news today:
Radico Khaitan QIP opens
Radico Khaitan plans to raise $50-75 million via QIP
Radico Khaitan QIP issue priced at Rs 118.25/share
IDFC SSKI, UBS bankers to Radico Khaitan QIP
Bharti update
Special audit report of Bharti Airtel
Auditor quantifies licence fee impact on distributor margin for FY 07 & FY08
Total licence fee impact estimated by auditor is Rs 98 crore
Bharti says
No liability whatsoever on Bharti Airtel: Manoj Kohli
No further licence fee has to be paid by Bharti Airtel
Investors have no cause for concern: Manoj Kohl
Complete records were provided to auditors: Manoj Kohli
Findings of special auditors validate Bharti position: Manoj Kohli
Pradip Overseas IPO closed
Total: 14 times (x)
QIB: 8.6x
NII: 45.3x
Retail: 10.5x
IL&FS Transportation IPO closed
Total: 33.4x
QIB: 52.6x
NII: 39.4x
Retail: 4.5x
Other stocks and sectors that are in news today:
ABG Shipyard sells 3% stake in Great Offshore, stake down to 12% ((Bharati had upped by 3%, looks like ABG is selling to Bharati, so finally the saga coming to an end))
In T2T from March 19: Raj TV, Global Vectra, Morarjee Textiles, Mukta Arts
PNB Gilts to discontinue merchant banking activities
Shree Cement commissions 1.8 MTPA clinker grinding unit in Uttrakhand
Great Offshore board authorizes further fund raising of up to Rs 175 crore
Madhucon Projects granted coal mining license in Indonesia
IVR Prime gets HC approval for scheme of amalgamation, company to merge IVR Strategic resources and IVRCL water Infra with itself, post swap ratio, IVCRL stake to increase to 80%
Results today: Nissan Copper
Hero Honda may set up 4th plant in Himachal – BL
Apollo Hospital won't sell stake in Parkway JV – FE (Fortis acquired 24% stake in Parkway last week, Apollo has a JV with Parkway for Kolkata hospital)
F&O cues:
Futures Open Interest was up by Rs 31 crore while Options Open Interest up by Rs 4,582 crore
Nifty Futures open interest (OI) unchanged, at 8-point premium
Nifty Open Interest PCR at 1.44 versus 1.50
Nifty Puts add 5 lakh shares in Open Interest
Nifty Calls add 26 lakh shares in Open Interest
Nifty 5200 Call adds 12 lakh shares in Open Interest
Nifty 5100 Call added 11 lakh shares in Open Interest
Stock Futures added 2 crore shares in Open Interest
FIIs in F&O
FIIs net sold Rs 48 crore in Nifty futures and net sold Rs 207 crore in Stock futures while net bought Rs 677 crore in Nifty options on March 12, according to data available on NSE website.
Market cues:
Inflation data will be announced today. CNBC-TV18 poll sees February inflation at 9.78% as against 8.56% on month-on-month basis.
FIIs were net buyers to the tune of USD 98.3 million while MFs net sellers of Rs 244 crore in equities on March 11, according to SEBI website.
NSE F&O Open Interest was up by Rs 4,613 crore at Rs 1,19,452 crore.
As per provisional data, FIIs were net buyers to the tune of Rs 371 crore while DIIs net sellers of Rs 91 crore in cash markets on March 12. FIIs net bought Rs 424 crore in F&O.
US Markets:
After being down all day, the Dow Jones and S&P eked out some gains led by Wal-Mart after Citigroup upgraded the stock to buy & raised the price target. Financials too rebounded slightly amid relief after Senator Chris Dodd unveiled his financial-reform bill. The bill is more moderate than prior drafts.Stocks had struggled throughout the session as the dollar gained after a warning from Moody's on US and other nations with triple A debt ratings. Moody's said its ratings remain intact but warned that credit risks have grown. There were also worries about tightening in China.
The Dow Jones Industrial Average ended at 10,642.15, up 17.46 points and the S&P 500 at 1,150.51, up 0.52 points, as it hung up on the 1150 line in the final few minutes of trade. However, the Nasdaq shed 5.45 points to 2,362.21.The dollar index remained strong and stayed just under highs for most of the session. This was triggered by a slide in the euro against the dollar on lack of progress on a financial-aid package for debt-strapped Greece.
The dollar's gains led to commodity prices slipping. The CRB index ended almost a percent lower. Crude too slipped, after hitting a session lows of USD 79.13 per barrel. The commodity traded only slightly above that level for most of the session.
Copper fell to the lowest price in almost two weeks on concern that demand from China, the world's largest user, may decline as the country takes steps to reign in economic growth. Aluminium, nickel, zinc, tin and lead prices also dropped.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to 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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