30 April 2010 Closing Market Updates

30 April 2010 Closing Market Updates  15:32

Market opened in positive but Nifty failed to cross its resistance level of 5280-5300 even after European scenario is improving as Greece readied new austerity measures to secure a multi-billion-euro aid package that could be announced in coming days.

Nifty closed at 5271.95 gained 17.80 points after making intraday high of 5294.80.
Sensex closed at 17527.82 with 24.35 points gain.
Among the BSE Sectoral Indices,Realty index gained most by 1.92% and Metal index declined by 032%
BPCL was the top gainer among Nifty50 stocks.It closed at 520 ,gained 5.84%.
Ambujacement was the top loser in Nifty50 stocks.It lost 3.18% and closed at 120.10
Advance decline ratio was positive as 770 stocks gained and 533 stocks declined today on NSE.

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30 April 2010 Intraday Calls

30 April 2010 Morning Market Updates :
Market will open in positive with the help of global markets.Nifty resistance is at 5305 and support at 5210.
Recommendations :
Follow Buy Calls in positive market bias and v.v.

Buy Nifty Fut Above 5283 sl 5266 Target 5312 / 5328

Buy Bhel Above 2510 sl 2498 Target 2530

Buy IDFC sl 168 Target 171

Buy Biocon sl 300 Target 308

Buy IFCI Above 52 sl 51 Target 54

Buy JSWSteel Above 1240 sl 1224 Target 1254

Buy Mcdowell-n At declines sl 1183 Target 1250

Buy Uniphos Above 149 sl 147 Target 151

Buy Jetairways sl 519 Target 540

Buy Aptecht Above 172 sl 170 Target 175

Buy Torntpower sl 304 Target 313

Buy Bomdyeing Above 597 sl 588 Target 607

Buy Pateleng sl 460 Target 470

Buy Auropharma Above 952 sl 942 Target 966


Sell Gail sl 420 Target 411

Sell M&M Below 517 sl 524 Target 508

Sell Powergrid Below 109 sl 111 Target 106
Sell Glenmark sl 266 Target 259
Sell IOB sl 97 Target 92
Sell Mphasis Below 649 sl 657 Target 637

Sell Mundraport Below 733 sl 737 Target 724

Sell Patni sl 540 Target 528

Sell Zeel Below 297 sl 303 Target 291

Sell Jisljaleqs Below 1068 sl Target 1034

Stocks in News :
Results Today: Reliance Cap, Tech Mahindra, ABB, TTML, Titan Inds, Adani Power, Allahabad Bank, Alok Inds, Amtek Auto, Avaya Global, Bank of Maharashtra, Bharat Elect, Finolex Cables, Gateway Distrpark, GVK Power, HCL Infosystems, Hinduja Ventures, HCC, IDBI Bank, IFCI, India Cements, Info Edge India, IRB Infra, Kalindi Rail, Moser Baer, NDTV, Onmobile Global, Oudh Sugar, Shyam Telecom, Sintex Inds, Solvay Pharma, Suven Life, Tanla Solutions, Tata Elxsi, UCAL Fuel,Uco Bank, Vijaya Bank

IPO update
SJVN – day 1 - Total: 0.43 times (x), QIB: 0.70x, NII: 0.0031x, Retail: 0.03x, Maximum demand at Rs 26/sh ((upper end))
JP Infra – day 1 - Total:0.84x, QIB: 1.5x, NII: 0.10x, retail: 0.015x ((Max demand at Rs 103/sh, band: 102-117
Kalpataru Power - CNBC-TV18 exclusive: Sources
-Kalpataru Power QIP book opens
-Kalpataru power plans to raise USD 80-110 million Via QIP
-Kalpataru Power QIP issue priced at Rs 1074.3
-IDFC Capital, Morgan Stanley, Nomura bankers to Kalpataru Power QIP issue
YC Deveshwar says:
-Hope Cigarette biz will account for 35% of total ITC biz by 2015
-Will not curtail it if cigarette biz grows faster than expected
-Board to decide on extension of chairman's Term
-State of the company to determine term extension
-Decision on term extension after detailed discussions
-New governance structure should keep ITC sustainable
-In my biggest interest to see my legacy multiply after me
-2012 not sacrosanct in terms of end of chairman's term
-FMCG biz continues to be in investment phase
-Some FMCG categories already profitable
-Expect consolidated FMCG biz to turn profitable soon
-Hotel Biz seeing a revival in occupancy
-Hotel tariffs still not back to 2007 levels
-Stand on stake in Oberoi remains unchanged
-Will launch new product categories
-Hanung Toys board approves fund raising up to Rs 250cr, preferential allotment of 12.5 lakh warrants

-Bata India : Revised terms & conditions for the development of the modern integrated township project at Batanaga; Bata To receive Rs 100 crore upfront
-RIL looks to ride Atlas to retail brand in US
-Jindal Steel in talks to acquire Oman based co for USD 500m – ET
-Sebi to get strict with FII sub account – BS
-Mindtree wins first UID project – BS
-Launch of Gold ETF derivatives deferred
-Almost 90% of 3G auction complete, bidding set to close next week – DNA
Indiabulls Real Estate(FY10 Numbers) (cr - crore, vs - versus)
-Sales at Rs 129.35 cr vs Rs 208.60 cr
-Loss at Rs 16 cr vs PAT of Rs 29.47 cr
-Company expects to recognize revenues of Rs 1020cr in FY11
Ashok Leyland Q4:
-Net sales at Rs 2,939.04 Cr Vs Rs 1,218.12 Cr (YoY)
-Net profit at Rs 222.66 Cr Vs Rs 53.32 Cr (YoY)
Thomas Cook
-Sales at Rs.69.97cr vs Rs.63.6cr ( up 10% YoY)
-PAT at Rs.7.85cr vs Rs.1.82cr ( up 3.3% YoY)
Parsvnath Developers Q4 (Cons, QoQ)
-Net profit at Rs 36 cr vs Rs 28.8 cr
-Net sales at Rs 355 cr vs Rs 304 cr
-OPM at 23.7% vs 25.6%
Purvankara Projects Q4FY10 (QoQ)
-Revenues: Rs 122.81 cr vs Rs 73.19 cr
-OP: Rs 39.52 cr vs Rs33.18 cr
-OPM: 32.28% vs 38.92%
-Net Profit: Rs 43.74 cr vs Rs 30.49 cr
VIP: Q4'FY10
-Sales at Rs.138.6cr vs Rs.116.6 ( up 18% YoY)
-PAT at Rs.9.9cr vs Rs.1cr ( up 800% YoY)
Note : PAT of Q4'FY09 impacted by VRS expenses of Rs 4.5cr
ING Vysya Q4
-NII at Rs.247cr vs Rs.162cr ( Up 52% YoY)
-PAT at Rs.67cr vs Rs.49.13 ( up 37% YoY)
Mahindra Holidays Q4
-Net Sales At Rs 124 Cr Vs Rs 100 Cr ( up 24% YoY)
-Net Profit At Rs 32.2 Cr Vs Rs 29.8 Cr ( up 8% YoY)
Bata India
-Sales at Rs.259.1c vs Rs.233cr
-PAT at Rs.14.33cr vs Rs.10.3cr
Dhampur Sugar Q2
-Net profit at Rs 12.6 cr vs Rs 17 cr
-Net sales at Rs 284.7 cr vs Rs 109 cr
F&O Cues:

Nifty Open Int PCR at 1.15
Nifty 5200 Put adds 16 lakh shares in Open Int
Nifty 5000 Put adds 13 lakh shares in Open Int
Nifty 5100 Put adds 7.8 lakh shares in Open Int
Nifty 5300 Call adds 14.5 lakh shares in Open Int
Nifty 5400 Call adds 11.5 lakh shares in Open Int
Marketwide futures rollover at 82%, Nifty futures rollover at 76%
NSE F&O May series begins with 17% higher Open Int than April series
FIIs in F&O on April 29
Net sell Rs 204 crore in Nifty futures
Net buy Rs 184 crore in Nifty options
Net buy Rs 106 crore in Stock futures

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.

29 April Closing Market Updates

29 April Closing Market Updates  15:31
Today market opened positive and remained positive as inflation figures are on lower side.
India's food price index rose 16.61% in the 12 months to April 17, while the fuel price index rose 12.69% from a year ago, government data showed on Thursday.
The rise in food prices was slower than an annual rise of 17.65% in the previous week, while the fuel prices rose faster than the previous week's annual rise of 12.45%.
The primary articles index was up 13.55% year-on-year on April 17.
Market closed positive on the April Derivative expiry aeven if Asian markets closed negative.
Nifty closed at 5254.55 gained 39.10 points while Sensex gained 117.12 points and closed at 17497.20.
Among the BSE Sectoral indices,Realty index gained the most by 1.96% whereas FMCG index was down by 0.96%
Unitech was the top gainer in Nifty50 stocks.It gained 4.34% to close at 82.95 while Powergrid tumbled by 4.40% and closed at 109.85.
Advances : 916  Declines : 381

29 April 2010 Intraday Calls

29 April 2010 Morning Market Updates :
Market opened positive and will remain positive for the whole day.Unexpected inflation figures could only drag the market to negative.
Recommendations :
Hold Long BPCL Ref.28/04
Buy Cairn Above 305 sl 302 Target 311

Hold Long Cipla Ref.28/04 Trail sl 333 Target 340

Buy M&M Above 528 sl 523 Target 536

Buy SBIN sl 2212 Target 2254 / 2272

Buy RNRL sl 65 Target 69

Buy Gipcl sl 116 Target 120


Sell Banknifty Fut Below 9574 sl 9656 Target 9468

Sell Infosystch Below 2692 sl 2715 Target 2666

Sell LT sl 1602 Target 1578

Sell Relinfra Below 1108 sl 1118 Target 1092

Sell Rpower Below 157 sl 159 Target 155

Sell Unitech sl 80.75 Target 77.5

Sell Glenmark sl 267 Target 256

Sell Ibrealest Around 165 sl 168 Target 158

Sell Indhotel sl 107.5 Target 102

Stocks in News :

Results Today: Siemens, Ultratech Cement, Ashok Leyland, Bata India, Biocon, Cadila Health, Ceat, CESC, Hanung Toys, HCL Infosystems, Hexaware Tech, Indiabulls Real Estate, ING Vysya Bank, IOB, KEC Intl, Mahindra Holiday, Mahindra Ugine, MRF, NELCO, Oriental Bank, Parsvnath Developer, Phoenix Mills, Puravankara Project, Thomas Cook, United Phosphorous, Ajmera Realty, Andhra Bank



IPO update

-Jaypee Infratech IPO opens today, offer for sale of 6 crore shares along with fresh issue of Rs 1650 crore at a price band of Rs 102-117/share

-Satluj Jal IPO opens today, issue of 41.5 crore shares at Rs 23-26/share

-Tarapur Transformers IPO closes, final subscription 1.7 times

-Mandhana IPO closes today, subscribed 1.6 times

VCCircle exclusive: sources

-Petronas Front-Runner to buy stake in franchisee Kings XI

-Petronas Front-runner to buy 26%-49% stake

-Petronas & Preity Zinta may emerge as major shareholders

VCCircle Alert: Petronas is a Malaysian energy major

-Ness Wadia may look at exiting Kings XI

-Burmans may significantly pare holding or exit

-Petronas likely to buy part of stake held by Burmans

Other stocks and sectors that are in news today:

-HDFC: Board to consider stock split on May 3

-Marg closes QIP yesterday, receives bids for 56.3 lakh shares @ Rs 189.8/share

-NHPC signs MoU with SJVN & Government of Manipur for implementation of 1500 MW Tipaimukh Hydroelectric

-Kamat Hotels: mulls a board meet on April 30 for revision of FCCB into equity

-Deep Industries board approves fund raising up to Rs 125 crore ( via QIP/FCCB)

-Philip Carbon closes QIP offering , Price of QIP at Rs.200/share

-Board Meet: Zee board meets for details of 9x acquisition

-AT&T says: Will maintain vendor relations with Tech Mahindra despite divesting shares

-Tata, Actis to roll out USD 2 billion JV for road projects – ET

-Infra company ECB norms may be eased – ET

-Sanofi recalls suspect vaccine after WHO found it unsuitable – ET

-Govt mulling 100% FDI in defence – BS

-SEBI drops legal option on ULIPS, IRDA may approach govt again – BS

-JET may lose Bandra_kurla plot for failure of payment – FE

-Govt bans import of Chinese telecom equipment – BL

-Auto co may soon loose import tariff protection – BL

-DBS files winding up petition against Vishal Retail – Mint

Eicher Motors Q4 (cr - crore, vs - versus)

-Net profit at Rs 40.2 Cr Vs Rs 15.8 Cr (YoY)

-Net sales at Rs 1,038 Cr Vs Rs 592 Cr (YoY)

MindTree Q4:

-Cons net sales at Rs 344.4 cr Vs Rs 331.9 Cr (QoQ)

-Cons net profit at Rs 54.5 Cr Vs Rs 53.8 Cr (QoQ)

_PAGEBREAK

Balaji Tele Q4FY10 YoY

-Revenue at Rs 44.7 cr vs Rs 53 cr (down 15.6%)

-PAT of Rs 3.38 cr vs Loss of Rs 14.6 cr

Lanco Industries Q4

-Sales at Rs 159 cr vs Rs 177 cr

-PAT at Rs 12.4 cr vs Rs 5.14 cr

-Foreign exchange gain of Rs 2.3 cr Vs loss of Rs 10.4 cr

Consumption of raw material down to Rs 83.3 cr Vs Rs 106.9 cr

Alstom Projects

-Sales at Rs 619.2 cr vs Rs 809.26 cr (down 23% YoY)

-PAT at Rs 47.6 cr vs Rs 26.19 cr (up 82% YoY)

-EBITDA margins expanded by 600bps at 11.92%

-Raw material expenses at 66% vs 76 % of Sales (YoY)

-Other expenditure at Rs 557cr (Down 28% YoY)

-India revenues at 71%, Outside revenues at 28%

Shopper Stop Q4

-Sales at Rs 422.9 cr vs Rs 352 cr (up 20% YoY)

-PAT at Rs 16.4 cr vs Rs 8.32 cr (up 197% YoY)

Raj Television Q4

-Sales at Rs 14.17 cr vs Rs 19.49 cr (down 27% YoY)

-Loss of Rs 4.77 cr vs loss of Rs 3.08 cr (YoY)

Essel Propack Q4

-Sales at Rs 301.2 cr vs Rs 323 cr

-PAT at Rs 8.7 cr vs loss of Rs 5.1 cr

Heidelberg Cements Q4

-Sales at Rs 267.8 cr vs Rs 254.4 cr

-PAT at Rs 40.25 cr vs Rs 48.8 cr

GHCL Q4:

-Net profit at Rs 63 Cr Vs Rs 25 Cr

-Net sales at Rs 347.3 Cr Vs Rs 313 Cr



F&O cues:


Stock futures shed 4.5 crore shrs in Open Int

Futures Open Int down by Rs 1554 crore, Options Open Int up by Rs 11 crore

Nifty futures add 10 lakh shares in total Open Int

Nifty Apr, May futures at 1-pt premium

Nifty Open Int PCR at 1.24 versus 1.38

Nifty Puts shed 38 lakh shares in Open Int

Nifty Calls add 36 lakh shares in Open Int

Nifty Apr 5300 Put sheds 34 lakh shares in Open Int

Nifty Apr 5200 Put sheds 23 lakh shares in Open Int

Nifty Apr 5200 Call adds 13 lakh shares in Open Int

Nifty May 5200 Call adds 11 lakh shares in Open Int

FIIs in F&O on April 28

Net sell Rs 864 crore in Nifty futures, Open Int up 46,809 contracts

Net buy Rs 603 crore in Nifty options, Open Int up 43,719 contracts

Net sell Rs 924 crore in Stock futures

We apologize for the delay of publishing this blog.
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.

28 April 2010 Closing Market Updates

28 April 2010 Closing Market Updates 15:31

Markets opened with gap down as expected.Fears that a planned rescue of Greece could stall and extend the financial crisis to other euro zone countries hit European markets on Wednesday as investors worried that Athens may default on its debt.Greek and European Commission officials have said the first tranche of aid will be paid before May 19, when Athens will need to refinance a maturing 8.5 billion euro bond.But markets are not convinced that governments will have the political will to reach and sustain an agreement on the aid, especially in Germany, where public opinion is strongly against helping Greece and where Chancellor Angela Merkel's party risks defeat in a regional election on May 9.

IMF/ECB TALKS IN GERMANY.So the fear factor is still on.

Technically speaking now Nifty is in bearish mode below 5296.

Nifty closed today with 88.95 points loss at 5219.4 after making low of 5202.45 and Sensex closed at 17405.35 with 285.27 points loss.

All BSE Sectoral indices closed negative.Realty Index was the top loser with 3.61%

Sunpharma was the top gainer among the Nifty50 stocks, gained 1.08% to close at 1613.20 while Steel Authority was the top loser with 4.57% and closed at 217.15.

Advance/Decline ratio was poor in the ratio of 1:5.26 as 209 stocks gained and 1099 stocks declined today on NSE.

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28 April 2010 Intraday Calls

28 April 2010 Morning Market Updates  08:51
Global meltdown will affect our markets badly.US markets closed nearly2% down as the dollar strengthened against the euro after S&P lowered its sovereign-issuer credit ratings on Portugal and Greece.Also the Goldman fear factor is still on as Goldman Sachs Chief Executive Lloyd Blankfein and other top Goldman executives are being grilled by the Senate Permanent Subcommittee on Investigations, which is examining the role of investment banks in the financial crisis.This things affected the global sentiments and Asian markets tanked.
Nifty has a support at 5280 and 5245.Important support is 5165.
Recommendations :
Follow Sell recommendations in negative market bias and v.v.
Buy Cairn sl 307 Target 315
Buy LT sl 1620 Target 1648
Buy ONGC sl 1038 Target 1057
Buy BPCL Above 506 sl 501 Target 517
Buy Cipla Above 337 sl 331 Target 344
Buy M&M Above 542 sl 532 Target 551
Sell DLF Below 314 sl 318 Target 308
Sell ICICIBank sl 953 Target 932
Sell JPAssociat Below 151 sl 153.5 Target 148.5
Sell Rpower Below 157 sl 159 Target 155

Stocks in News :
Results Today: Bharti Airtel, Alstom Projects, Balaji Tele, Balrampur Chini, BOB, Canara Bank, Dabur India, Exide Inds, GHCL, Ingersoll Rand, JSL, Kesoram Inds, LIC Housing Fin, Marico, MIC Electronics, Noida Toll, Shoppers Stop, Advanta India, Rei Agro, Eicher Motors

RIL-RNRL case update:
-Expecting SC verdict on gas case in next few days
-SC may even announce verdict this week
-Expect verdict this week as CJI retires on May 11
-CJI KG Balakrishnan scheduled to retire on May 11
IPO update
-Nitesh Estates - Overall Subscribed 1.2 times (x); QIB~3x, NII 0.25x, Retail 0.18x
-Tara Health Foods IPO opens today, issue of 1 crore shares at Rs 180-190/share
-Tarapur Transformers IPO closes today, subscribed 1.15x till now
3G Auction, Day 15 ((Couple of reports on irrational pricing))
-Total govt revenue at approximately Rs 35,018 crore
Govt revenue crosses budget estimate of Rs 35,000 crore
-All-India slot price rises to Rs 8,662 crore
-Delhi circle price rises to Rs 1,284 crore
-Mumbai circle price rises to Rs 1,329 crore
Other stocks and sectors that are in news today:
-Patni: Wins multi million dollar 5-year deal from Universal American
-GVK Power achieves financial closure for Tokisud North Sub-Block (Jharkand) , Project cost Rs.300cr ( Debt: Equity at 3:1)
-Ruias Invest Rs 1300 crore in Essar Oil via GDS
-NTPC enters into JV with NPCIL to set up nuclear power projects
-Sintex Industries board meet on April 30 for stock split in ratio of 2 :1
-Board Meets Today: Manaksia for Buy-Back
-Farmax India: approves stock spit in the ratio of 5:1
GSK Pharma : Q1CY10 (cr - crore, vs - versus)
-Revenue Rs 546.5 cr vs Rs 460.98 cr (YoY) (Est Rs 517.4 cr)
-PAT Rs 161.19 cr vs Rs 143.27 cr (YoY) (Est Rs 140.7 cr)
Sobha Developers Q4
-Sales at Rs 400.8 cr vs Rs 142.8 cr (up 181% YoY)
-PAT at Rs 55.7 cr vs Rs 2.7 cr (up 1963% YoY)
Petronet LNG Q4

-Sales at Rs 2388.5 cr vs Rs 2654.9 cr (down 10.1% YoY)
-PAT at Rs 97.3 cr vs Rs 204.4 cr (down 52% YoY)
-OPM at 8.47% vs 12.9%
Motilal Oswal Q4
-Income from operation at Rs 154.17 cr vs Rs 84.02 cr (up 83% YoY)
-PAT at Rs 51.8 cr vs Rs 15.82 cr (up 227% YoY)
JSW Energy :Q4
-Sales at Rs 784 cr vs Rs 474 cr (up 65% YoY)
-PAT at Rs 273 cr vs Rs 23.8 cr (up 10x YoY)
Note : Numbers strictly not comparable because of ramp up in capacity
Raymond Q4
-Sales at Rs 329 cr vs Rs 355 cr (down 7% YoY)
-PAT at Rs 6.6 cr vs loss of Rs 239 cr (YoY)
Concor Q4
-Sales at Rs 950.53 cr vs Rs 841.2 cr (up 13% YoY)
-PAT at Rs 173.19 cr vs Rs 187.6cr (Down 7% YoY)
-OPM at 23.1% vs 26.8%
Ispat Industries Q4
-Sales at Rs 2349 cr vs Rs 1042.9 cr (up 125% YoY)
-PAT at Rs 22.3 cr vs Loss of Rs 38.3 cr
Peninsula Land Q4
-Sales at Rs 224.7 cr vs Rs 195.12 cr (up 15% YoY)
-PAT at Rs 95.27 cr vs Rs 35.96 cr (up 165% YoY)
Paper Products Q4
-Sales at Rs 159.08 cr vs Rs 143.17 cr (Up 11.1% YoY)
-Adjusted PAT at Rs 12.15 cr vs Rs 16.31 cr (down 25% YoY)
F&O cues:

NSE F&O Open Int down Rs 212 crore at Rs 1.37 lakh crore
Futures Open Int down Rs 202 crore
Options Open Int down Rs 10 crore
Nifty Fut add 3 lakh shares in total Open Int
Nifty Apr at 1-point premium
Nifty May at 4-point premium
Nifty Open Int PCR at 1.38 versus 1.33
Nifty Puts add 9.5 lakh shares in Open Int
Nifty Calls shed 13 lakh shares in Open Int
Nifty 5300 Put adds 4.8 lakh shares in Open Int
Nifty 5300 Call sheds 9.5 lakh shares in Open Int
Stock Futures add 0.8 cr shares in Open Int
Rollover analysis
Marketwide rollover at 45% versus average of 38%
Nifty rollover at 42% versus average of 40%
FIIs in F&O on April 27
Net sell Rs 203 crore in Nifty Futures
Net buy Rs 261 crore in Nifty Options
Net sell Rs 148 crore in Stock Futures
Net buy Rs 198 crore in Stock Options


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.

27 April 2010 Closing Market Updates

27 April 2010 Closing Market Updates  15:31
Today market played see-saw in negative and positive territort.Nifty ended at 5307.5 with 14.95 points negative while Semsex closed at 17686.07 shedding 59.21 points.
Among the BSE Sectoral Indices, FMCG index was the leader by 0.61% while Realty Index was the main loser with 1.44%.
Cairn gained most by 3.40% in Nifty50 stocks and closed at 312 while JPAssociates was the top loser by 4.18% and closed at 152.40
Advance decline ratio was negative as 492 stocks gained and 801 stocks declined today on NSE.


Industry Updates :


SBI Life posts net profit at Rs 276 crore in FY '10
Yes Bank Q4 net up 75 %; declares 15 % dividend
Dena Bank Q4 profit rises 23 % to Rs 137 cr
Gillette India Q3 net up 50 per cent
Lloyds makes Q1 profit as bad debts drop
IDFC Q4 net up 96 %; to raise Rs 3,500 crore
Greaves Cotton Board declares Third Interim Dividend of Rs 2 for 2009-10

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27 April 2010 Intraday Calls

27 April 2010 Morning Market Updates  08:50
As Asian market trading negative, we cant expect outstanding opening in our market.Nifty has support at 5280 and 5245.Nifty has resistance at 5350 and 5400.
Recommendations :
Follow Buy Calls in positive market and v.v.

Buy BHEL sl 2501 Target 2523
Buy BPCL Above 506 sl 501 Target 517
Buy Cairn Above 305 sl 301 Target 309
Buy Grasim Above 2870 sl 2852 Target 2896
Buy HDFC sl 2818 Target 2858
Hold Long M&M Ref.26/04 Trail sl 523 Target 540
Buy Sail Above 233 sl 230 Target 238
Buy Ster Above 844 sl 836 Target 858
Hold Long Tatapower Ref.26/04 Trail sl 1361 Target 1394
Buy Uniphos Above 150 sl 147.5 Target 155
Buy Drreddy sl 1235 Target 1258
Buy HDIL around 268 for Long Term


Sell ABB sl 816 Target 799
Sell DLF sl 326 Target 318
Sell Idea sl 66 Target 63.5
Sell Mundraport Below 754 sl 767 Target 735
Sell Cumminsind sl 526 Target 509
Sell Ibrealest sl 175 Target 165
Sell Relinfra Below 1108 sl 1118 Target 1092

Stocks in News :
Results Today : Idea Cellular, IDFC, Sobha Developers, ARSS Infra, Dena Bank, Gillette India, Glaxosmithkline Pharma, JSW Energy, Power Finance Corp, Piramal Life Sciences, Raymond, Motilal Oswal, Aventis Pharma, Petronet LNG, Welspun Gujarat, Yes Bank, Shree Renuka, Ispat Industries, Selan Exploration, Taj GVK, Peninsula Land

Kiri Dyes Q4 (cr - crore, vs - versus)
-Sales at Rs 104.4 cr vs Rs 68.86 cr (up 51% YoY)
-PAT at Rs 6.86 cr vs a loss of Rs 4.8 cr
Rain Commodities Q4 (consolidated)
-Sales at Rs 753.8 cr vs Rs 1015.5 cr (Down 25% YoY)
-PAT at Rs 59.04 cr vs Rs 87.2 cr (down 32% YoY)
AstraZeneca Q1CY10 YoY
-Revenue at Rs 97.9 cr vs Rs 80.23 cr
-OPM at 5.1% vs 13.5%
-PAT Rs 2.61 cr vs Rs 7.27 cr
IPO update
-EGoM fixes Satluj Jal IPO price band at Rs 23-26; 5% retail discount for Satluj Jal IPO
Satluj Jal IPO to hit market on April 29
-Nitesh Estate issue closes today, subscribed 0.2 times till now
-Mandhana Industries issue opens today
Areva T&D Concall
-Seen slower demand for T&D in last 18 months
-T&D infrastructure has not picked up sharply
-T&D growth directly linked to economic growth
M&M -
-M&M shows interest in buying S Korea's Ssangyong Motor Co
M&M & Ssangyong decline to comment
-Ssangyong currently valued at USD 400 million
-Ssangyong has assets of USD 1.2 billion, liabilities of USD 1.1 billion
SEBI gives informal guidance for Tata Motors DVRs

-Tata Motors sought DVR guidance on September 17, 2009
SEBI disallowed DVRs with superior voting & dividend rights in July 2009
SEBI on Tata Motors DVR
-Existing DVR holders can have superior dividend rights
-Existing DVRs to continue to have all their existing right
-Can issue fresh DVRs via bonus/ rights on same terms
-Can issue fresh DVRs via FPO, preferential issue
-Can convert CARs into DVRs under existing terms
Other stocks and sectors that are in news today:
-Idea Cellular board meet pushed to May 3
-ONGC added 83 million tonnes of oil & gas reserves in FY10 ( highest in 2 decades)
-Trent : Board approves rights issue up to Rs 500 crore
-Coromandel International to acquire 100% stake in Pasura Biotech
-Jay Shree Tea acquires 3 tea gardens in East Africa
-Tech Mahindra, Wipro eye USD 1 billionn deal from NZ’s top telecom company. 
-Insurance firms set to defy SEBI, to approach IRDA for new ULIPS.
-Punj Lloyd set to sell stake in Engineering arm.


F&O cues:

Futures Open Int up Rs 16 crore
Options Open Int up Rs 1218 crore
Nifty futures shed 7 lakh shares in total Open Int
Nifty Apr futures at 2-point discount
Nifty Open Int PCR at 1.33 versus 1.35
Nifty Puts add 9 lakh shares, Nifty Calls add 11.5 lakh shares in Open Int
Nifty May 5300 Put adds 4.8 lakh shares in Open Int
Nifty Apr 5300 Put adds 4.3 lakh shares in Open Int
Nifty May 5400 Call adds 3.7 lakh shares in Open Int
Nifty Apr 5400 Call adds 3.7 lakh shares in Open Int
Stock futures add 0.7 cr shares in Open Int
Rollover stats
Marketwide rollover at 31% versus average of 24%
Nifty rollover at 25% versus average of 27%
FIIs in F&O on April 26
Net buy Rs 152 crore in Nifty futures
Net buy Rs 200 crore in Nifty options


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.

26 April 2010 Closing Market Updates

26 April 2010 Closing Market Updates  15:32


Market opened in positive and traded in a very narrow range.Nifty Apr Future traded lackluster between 5346 and 5320.Nifty closed at 5319.45 with 15.35 points gain and Sensex gained 42.94 points to close at 17737.14
BSE Metal Index was the top gainer with 2.26% among the BSE Sectoral Indices while Realty Index was the top loser with 1.72%.
Sterlite Industries was the top gainer in Nifty50 stocks with 5.80% to close at 841.25 while Sunpharma lost the most by 4.39% and closed at 1610.25 as French drug maker Sanofi-Aventis has won a patent infringement lawsuit in a US court against Sun Pharmaceuticals, which has now been banned from selling the French firm's drug eloxatin, used in the treatment of colon cancer.


Advance decline ratio was postive as 699 stocks gained and 591 stocks declined today on NSE.

26 April 2010 Intraday Calls

26 April 2010 Morning Market Updates  08:50
Market will open in positive side as the Asian markets are trading positively.
Nifty support at 5270-5280 and resistance is at 5345 and 5400.

Recommendations :

Hold Long ICICIBank Ref.22/04 Trail sl 966



Buy LT sl 1609 Target 1630


Buy M&M sl 519 Target 526


Hold Long Tatapower Ref.23/04 Trail sl 1354


Buy Canbk Above 411 sl 406 Target 416 / 419


Buy Orientbank sl 330 Target 355 Positional



Hold Short Sunpharma Ref.23/04


Sell Tatasteel Below 642 sl 650 Target 630

Stocks in News :

Results Today: Godrej consumer, Sterlite, Maruti Suzuki, Bosch, Cholamandalam DBS Finances, IL&FS Investmart, Astrazeneca, PSL Ltd, Religare, Rain Commodities, Tata Metaliks, Kirloskar Bro, Cambridge Solutions, Indoco Remedies



Board Meets
-Trent : Fund Raising via rights & equity issuance
-Sirpur Paper Mills : Preferential Issue


IPOs
-Talwalkar's IPO closes - Overall Subscribed 28 times (x); HNI 51.5x, QIB 35.4x, Retail 8.4x
-Tarapur Transformers IPO opens today, price band Rs 65-75/sh (Bilpower company's subsidiary)

Other stocks and sectors that are in news today:
-DLF: Buys 245 million convertible preference shares of DLF assets from PE firm SC Asia Pte Ltd for Rs 3085 crore (USD 696 million)
-SAIL receives an approval from Ministry of Steel for 20% FPO ( 10% in 2 tranches) (10% fresh equity and 10% offer for sale)
-Pantaloon to demerge mall management & food services businesses into subsidiaries (To issue 1 shares for every 20 held)
-Adani Enterprises approves scheme of amalgamation of 7 group companies with itself
-Binani Cements : Approves buy-back @ Rs.90/shr of 7.14% stake ( CMP : 84.5/share)
-US district court rules Sun Pharma will have to stop selling its generic version of Eloxatin from 30th June 2010
-Oil India granted Navratna Status by Ministry of Petroleum & Natural Gas
-Bajaj Hindusthan signs MOU with UP govt for 5 Coal based plant of total 450MW and Through a Consortium signed another MOU for 1980MW with UP govt
-EID Parry acquires majority stale in GMR Ind, makes Open Offer For GMR Ind At Rs 110.69/sh ((CMP: 112, down 9%, market had the whiff of the price))
-India Cements in focus, Chennai Superkings win IPL 3
-Corporation Bank looking for 2:1 rights issue – ET
-Govt may relax FDI in retail, 51% investment in multi-brand retail likely – BS
-Govt plans tougher FDI norms in housing and township sector – BS
-Disinvestment limited to 8 firms this year, says Finance Secy – BS
-IFC to invest USD 60 million in Apollo Tyre’s Greenfield project – FE
RIL Q4 (cr - crore, vs - versus)
-Sales at Rs 57570 cr vs Rs 26082 cr
-Net profit at Rs 4710 cr vs Rs 3627 cr
HDFC Bank Q4
-NII up 26.96% from Rs 1852 cr to Rs 2351.4 cr
-Net profit up 32.6% from Rs 630.88 cr to Rs 836.6 cr
-NIM at 4.4% vs 4.2%
ICICI Bank Q4
-NII at Rs 2035 cr vs Rs 2138 cr
-Net profit at Rs 1005 cr vs Rs 743.7cr
-NIM at 2.6% vs 2.6%
Pantaloon Q3 (standalone)

-Sales at Rs 2057.6 cr vs Rs 1642.1 cr (up 25% YoY)
-Adjusted PAT at Rs 55.9 cr vs Rs 34.4cr (up 62% YoY)
Areva T&D: CYQ1 numbers
-Sales at Rs 776cr vs Rs 845cr (down 8.1% YoY)
-PAT at Rs 3.5 cr vs Rs 51.4 cr (down 93% YoY)
(Note : expectation was close to Rs 60 cr of PAT)
India Infoline (Consolidated)
-Net Sales up 84.4% at Rs 309.4 Cr vs Rs 167.9 Cr
-PAT up 101.5% at Rs 52.34 Cr vs Rs 25.98 Cr
-Operating Margin at 29.4% vs 18.6%
Indian Bank Q4
-NII at Rs 1226 cr vs Rs 959.6 cr (up 27% YoY)
-PAT at Rs 409 cr vs Rs 394 cr (up 4% YoY)
Binani Cements Q4
-Sales at Rs 481.8cr vs Rs 497.4cr (Down 3.1% YoY)
-PAT at Rs 16.9cr vs Rs 20.07 (Down 15% YoY)
3i Infotech , Q4 QoQ
-Revenues up 5.4% to Rs 628.29 cr vs Rs 596.21 cr
-Net profit after tax at Rs 95.24 cr vs Rs 50.53 cr
3i Infotech: FY11 Outlook
-Revenue growth of 11% to 14%
-Net margin at 10% to 10.5%
Persistent Systems(YoY)
-Net Sales up 15.2% at Rs 171.7 Cr vs Rs 149.1 Cr
-Net Profit up 182% at Rs 39.67 Cr vs Rs 14.07 Cr
-Operating Profit at 17.17% vs 6.92%
-Other Income at Rs 12.19 Cr vs Rs 3.13 Cr
Merck Q1
-Sales at Rs 104 cr vs Rs 98.8 cr (up 5% YoY)
-PAT at Rs 15.35 cr vs Rs 8.6cr (up 80% YoY)
GMR Industries
-Sales at Rs 101.6 cr vs Rs 125.9cr (down 18% YoY)
-Loss of Rs 42.45 cr vs Rs 15.97cr
Mahindra Life Space Q4
-Sales at Rs 101cr vs Rs 24cr ( up 225% YoY)
-PAT at Rs 24cr vs Rs 14cr ( up 68% YoY)
MMTC Q4
-Sales at Rs 17271.1cr vs Rs 4874cr ( up 254% YOY)
-PAT at Rs 98.9cr vs Rs 39.97cr ( up 147% YoY)
Andhra Sugars
Sales at Rs 126.6 cr vs Rs 134.8cr (down 6% YoY)
-PAT at Rs 12.6cr vs Rs 9.04cr (up 30% YoY)
P&G Q3
-Sales at Rs 205cr vs Rs 178cr (up 15% YoY)
-PAT at Rs 44cr vs Rs 35cr (up 25% YoY)
Venus Remedies
-Net Sales up 27.4% at Rs 80.78 Cr vs R s63.41 Cr
-Net Profit up 94.6% at Rs 12.75 Cr vs Rs 9.73 Cr
-EBITDA Margins at 23.5% vs 23.6%
F&O Cues :
F&O cues:

Futures Open Int was up by Rs 1508 crore, Options Open Int was up by Rs 3352 crore
Nifty futures shed 2 lakh shares in total Open Int
Nifty Apr futures at 1-point premium
Nifty Open Int PCR at 1.35 versus 1.33
Nifty Puts add 38 lakh shares in Open Int
Nifty Calls add 21 lakh shares in Open Int
Nifty 5200 Put adds 9 lakh shares in Open Int
Nifty 5300 Put adds 6.6 lakh shares in Open Int
Nifty 5400 Call adds 4.8 lakh shares in Open Int
Stock futures add 3.6 crore shares in Open Int
FIIs in F&O on April 23
Net buy Rs 66 crore in Nifty Futures
Net sell Rs 45 crore in Nifty Options
Net buy Rs 345 crore in Stock Futures


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.