12 April 2010 Morning Market Updates

12 April 2010 Morning Market Updates  08:52
Today market will open flat and will trade stock specifically.Selling will be witnessed at previous high.
Recommendations :
Buy Axisbank sl 1172 Target 1200



Hold Long Bhel Trail sl 2545 Target 2600


Buy BPCL Above 518


Buy HDFCBank sl 1940 Target 1967


Buy Infosystch Above 2711 sl 2691 Target 2746


Buy TCS Above 810 sl 799 Target 828


Buy Colpal sl 710 Target 724


Buy Ibrealest sl 159 Target 169


Watch Lupin


Buy Mcdowell-n Above 1368 sl 1354 Target 1385


Buy Moserbaer Above 77 sl 76 Target 79


Buy CESC sl 401 Target 415


Buy Coreprotec sl 242 Target 256 / 262










Sell ACC sl 961 Target 949


Sell Cairn Below 299 sl 304 Target 295 / 290


Sell PNB Below 997 sl 1013 Target 981 / 976


Hold Short Sail Ref.09/04 Trail sl 242


Sell Sunpharma Below 1765 sl 1786 Target 1740 / 1721


Sell Tatapower Below 1355 sl 1364 Target 1337


Sell Drreddy sl 1253 Target 1229


Sell Sesagoa Below 462 sl 469 Target 453


Results today : Gati , Nitin Fire , Rana Sugars ,Steel Strips Wheels , Geojit BNP Paribas




Stocks in News Today :


Supreme Industries : Q3'FY10


-Sales at Rs 509 crore versus Rs 442.15 crore (Up 15% YoY)


-PAT at Rs 37.05 crore versus Rs 28.55 crore (up 29% YoY)










Goa Carbon : Q4'FY10 Numbers


-Sales at Rs 49.5 crore versus Rs 29.7 crore (up 65% YoY)


-PAT at Rs 1.63 crore versus loss of Rs 7.04 crore (YoY)






Lancor Holdings Q4'Fy10


-Sales at Rs 52.04 crore versus Rs 16 crore (YoY)


-PAT at Rs 10.24 crore versus Rs 2.58 crore (YoY)






Other stocks and sectors that are in news today:


-Reliance Industries to buy 40% interest in Altas Energy's shale acreage for USD 1.7 billion


-New listing: Intrasoft Tech


-GMR Infra: raises Rs 1400 crore via mix of debt and equity (Rs 500 crore via NCD in GMR Infra , Temasek to invest USD 200 million in GMR Energy)


-DB Corp : Board approves to demerger of its FM Radio business and merge Bhaskar Publication and Allied with itself


-Unitech : Schedules board meet on April 20 to consider restructuring committee's proposal


-Balaji Tele: Court has dismissed RNA Builders petition (filed in June 2009) for 25,000 sq ft Property development


-Sun Pharma : Receives tentative approval from USFDA for generic Namenda tablets


-ACC : Commissions a 2.5 MW wind energy farm in satara, Maharastra


-Videocon in talks to acquire Philips India’s consumer product – Reports


-SpiceJet rejects ADAG offer to acquire 51% stake at Rs 40-45/sh – Reports


-Fertilizer companies hike DAP prices by Rs 300-350/bag – BL


-Exxon eyes tie-up with ONGC to study eastern offshore assets – BL


-Indian ADRs: Tata Motors up 3.2%


-HSBC Investdirect delisting offer at floor price of Rs 124/sh (CMP Rs 282)


Shree Ganesh Jewellery lists today








Satluj Jal Vidyut Nigam Limited (SJVNL) IPO


-Govt sets April 29 as tentative date for SJVNL IPO: Sources


-SJVNL IPO to hit before SEBI's new listing rules kick in: Sources


-SJVNL RHP to be filed next week: Srcs


Alert: Govt to raise Rs 1,200 crore from 10% disinvestment in SJVNL


Alert: Cabinet today approved raising HP govt's stake in SJVNL to 25.50% from 25%


Alert: Cabinet increased offer for disinvestment from 41.09 crore to 41.50 crore shares










Tata Motors update


-Land Rover UK sales are up 67% (YoY) at 11,300 vehicles


-Alert: highest monthly sales in company's 62 year history






Steel Ministry Says:


-Both tranches of SAIL FPO to happen this fiscal


-To raise Rs 17,000 crore through SAIL FPO ((via 20%))






Mid-day Multimedia (Stock down 8%)


-Rakesh Jhunjhunwala sells 22.5 lakh shares (4.26% stake) @ Rs.31.69/share on NSE


-Rakesh Jhunjhunwala held 22.5 lakh shares (4.26% stake) as of 31 March, 2010






Emaar MGF Says:


-Fund raising target from IPO will be revised downwards


-Will give out new figure in revised DRHP


-Looking at IPO within coming quarter


-HEG board approves fund raising up to Rs 400 crore via equity instruments




-Dewan Housing : Seeks approval for QIP through FDI route & issue convertible equity warrants to the Promoter on preferential basis


-Ace India : Mulls a board meet on 10 April for allotment of Convertible Warrants to various strategic investors on a preferential basis


-Spanco : Receives an order worth Rs 284 crore from Punjab State Electricity Board


-Kalyani Steel : Trading in equity shares shall be suspended w.e.f. April 22, 2010 (i.e. closing hours of trading on April 21, 2010) on a/c of Scheme of Arrangement.


-RPG Cables : Trading in equity shares shall be suspended w.e.f from April 16, 2010 (i.e. closing hours of trading on April 15, 2010) on a/c of Scheme of Amalgamation with KEC International


-DB Corp board meet today to examine proposal of demerger of FM radio business of Synergy Media Entertainment to the Company; and merger of Bhaskar Publications & Allied Industries with the Company.
 
F&O cues:








Futures Open Int down Rs 713 crore






Options Open Int up Rs 2758 crore






Nifty futures shed 3.5 lakh shares in Open Int, at 2-point discount










Nifty Open Int PCR at 1.26 versus 1.32






Nifty Puts add 12.6 lakh share, Calls add 29 lakh shares in Open Int






Nifty 5200 Put adds 5 lakh shares in Open Int






Nifty 5400 Put sheds 2 lakh shares in Open Int






Nifty 5300 Call adds 18 lakh shares in Open Int






Stock futures add 1.6 crore shares in Open Int






FIIs in F&O on April 8.






Net sell Rs 1408 crore in Nifty futures






Open Int down 13,000 contracts






Net buy Rs 1767 crore in Nifty options






Open Int up 64,641 contracts






Net sell Rs 638 crore in Stock futures






Open Int up 6,856 contracts

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 and is not for circulation. 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 sell or a solicitation to buy or sell any security. The information contained in this report 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, 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. 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 or its affiliates or its directors or its employees or its representatives or its clients 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 to publication.