18 March Morning Update

18th March morning Updates
Nifty support at 5165 and resistance at 5270
Stocks in news:
TTML
To divest 100% stake in tower subsidiary to Quippo-WTTIL
Deal valued at Rs 1,318 crore; values towers @ Rs 52 lakh/tower
TTML to get in excess of Rs 900 crore in net cash inflows post sale ((Rs 4.5/share, CMP: 23.6))
S Kumars Nationwide
Planning Reid & Taylor IPO in next 6-8 months
To convert Belmonte into separate subsidiary
Looking to bring in PE investment into Belmonte
Looking at QIP within the year
Dalmia Cement likely to demerge its sugar arm
Shareholders likely to get 1 share of sugar arm for every 1 share held
OCL unlikely to be merged with Dalmia Cement
Dalmia Cement board meets today to mull biz restructuring
24% of sales comes from Sugar operations
Dalmia Cement plants in TN & AP with capacity of 9mtpa
Has 3 integrated sugar mills in UP with capacity of 22,500t of crushing/day
Sugar Biz includes Mfrg capacity 300,000t/yr, Distillery of 80KL/day & Cogeneration facility
Dalmia Cement refused to comment
Apollo Hospitals
In talks to buy stake in Kovai Medical: sources: NW18
Kovai Medical seeks Rs 180-200/share for stake: Source: NW18 ((CMP: 119))
Other stocks and sectors that are in news today:
United Bank lists today
Hang Seng BeES lists today
Ex-rights today: Videocon (2:9)
Ex-bonus today: IVRCL (1:1)
Power Grid board approves investments of Rs 5776 crore in 3 power projects with commissioning schedules of 32 months
Manappuram Gen Fin board meet today for stock split, bonus issue
Radico Khaitan raises Rs 341.8 crore via QIP issue
Jayaswal Neco board meet today to mull pref issue to a domestic MF
HDIL QIP fails
Bolivian govt rejects JSPL’s plans, puts USD 21 billion investments under cloud
Rain Commodities – proposes hiving off cement biz into a sub and potential listing of CPC biz
Rain Commodities: CY09 consolidated
Net profit at Rs 44.38 crore versus Rs 40.38 crore
Net revenues at Rs 363.38 crore versus Rs 445.47 crore
EPS at Rs 62.6 versus Rs 57.35
F&O cues:
Futures Open Int up Rs 404 crore
Options Open Int up Rs 2522 crore
Nifty Mar Fut shed 13 lk shrs in Open Int, at 7-pt prem
Nifty Apr Fut add 9 lk shrs in Open Int, at 8-pt prem
Nifty Open Int PCR at 1.61 versus 1.56
Nifty Puts add 35 lakh shares in Open Int
Nifty Calls add 5.6 lakh shares in Open Int
Nifty 5300 Put adds 18 lakh shares in Open Int
Nifty 5200 Put adds 15 lakh shares in Open Int
Nifty 5000 Put sheds 6 lakh shares in Open Int
Nifty 5300 Call adds 9 lakh shares in Open Int
Nifty 5500 Call adds 6 lakh shares in Open Int
Nifty 5100 Call sheds 12 lakh shares in Open Int
Nifty 5200 Call sheds 7.6 lakh shares in Open Int
Stock Futures add 2 crore shares in Open Int
FIIs in F&O on March 17
Net buy Rs 874 crore in Nifty Futures
Net buy Rs 799 crore in Nifty Options
Market cues:
FIIs were net buyers of USD 296.8 million in equities on March 16
NSE F&O Open Int was up by Rs 2926 crore at Rs 1,25,631 crore
As per provisional data of March 17, FIIs were net buyers of Rs 816 crore, while DIIs were net sellers of Rs 298 crore in cash markets. FIIs were net buyers of Rs 1531 crore in F&O.
US markets:
The US markets moved higher for the third straight session & hit a fresh 52-week high along the way. Though the latest advance was broad based, they couldn't propel the S&P 500 past near-term resistance at the 1170 line.

Renewed pledge from the Fed for low rates and a drop in inflation at the producer level helped fuel the market's momentum. Producer prices for February fell 0.6%, which was a sharper drop than expected, but core prices climbed a tame 0.1%, as expected.
The seven-day rally, the Dow's longest streak in over a year, pushed the blue-chip index up 4%. All three major indexes - the Dow, S&P 500 and Nasdaq - today logged their highest closing levels since 2008
A positive bias among broader market participants has taken volatility down considerably. The volatility index dropped to a 22-month low. It closed down 5%. The dollar fell initially and the euro touched a five-week high against the dollar before erasing gains. Eventually the dollar index rebounded back near the unchanged line.
Crude climbed to a 10-week high after the US government reported that imports fell to a seasonal low and fuel inventories dropped more than analysts forecast. Prices surge 1.5% higher at USD 82.93 per barrel.
Base metals held at firmer levels near intraday highs, copper rose extending an advance from a two-week low, as the dollar declined, increasing demand for the metal as an alternative investment. Most other base metals are also in positive territory.
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