5 April 2010 Morning Market Updates

5 April 2010 Morning Market Updates 08:50
Today market will open on higher side and may cross previous high as Asian markets are trading higher.Nifty will face selling pressure around 5340-5350 levels.
Recommendations :
Buy Aban Above 1211 sl 1195 Target 1244
Buy ACC Above 965 sl 954 Target 980
Buy Gail Above 414 sl 408 Target 418
Buy Maruti Above 1430 sl 1420 Target 1450
Buy Relcapital at declines
Buy Tatamotors Above 790
Hold Unitech Ref.01/04 Trail sl 74.5 Target 78
Buy HDIL Above 294 sl 290 Target 300 / 305
Buy Moserbaer Above 75.5 sl 74 Target 77 / 78
Buy Jisljaleqs Above 960 sl 951 Target 973 / 978
Buy RIIL sl 848 Target 885 Positional
Buy PBAINfra Above 71 closing sl 70 Target 75
Buy Hindoilexp
Stocks to Watch Jyotistruc,MLL,Essaroil,GMDC,BEML

Sell Ambujacem Below 117 sl 119 Target 114
Sell Axisbank Below 1161 sl 1172 Target 1148
Sell Bhartiartl sl 306 Target 298
Sell Grasim Below 2800 sl 2830 Target 2762
Sell ICICIBank Below 943 sl 951 Target 935 / 927
Sell Idea sl 65.5 Target 63 / 62
Sell ITC Below 262 sl 264.5 Target 257
Sell Siemens Below 734 sl 746 Target 710 Positional

Stocks in News Today :
Bajaj Auto March sales
-Total 2-wheeler sales at 2.4 lakh units versus 1.3 lakh units (YoY)
-Total 2 & 3-wheeler sales at 2.7 lakh units versus 1.5 lakh units (YoY)
-Exports at 65,134 units versus 46,874 units (YoY)
Hero Honda March total 2-wheeler sales up 14% at 4.14 lakh units
Tata Motors
-March total sales up 38% at 75,151 units (YoY)
-Domestic CV sales up 49% at 43,285 units (YoY)
-March exports at 4,105 units versus 1,799 units (YoY)
-March domestic sales up 35% at 71,046 units (YoY)
-March passenger vehicles sales up 17.3% at 27,761 units
-FY10 total sales at 6.42 lakh units versus 4.98 lakh units
Union Bank of India:
-Ups rates on deposits less than Rs 1 crore by 25-50 bps
-Increase in deposit rate effective from April 05
Bharti - from sources:
-Bharti to take Airtel brand to Africa
-Bharti can use Airtel brand anywhere outside India
-Formal rebranding announcement post Zain deal closure
Zain
-Zain announces CY2009 financial results
-Company recorded consolidated revenues of USD 8.056 billion, up 15.7% YoY
-Consolidated EBITDA increased by 24% to USD 3.215 billion
-Consolidated net income down by 39% at USD 675 million
Cement numbers
-JP Associates March cement sales up 75% at 1.37 mt (YoY)
-Shree Cement March cement sales up 10.7% at 9.27 lakh tonne (YoY)
-AV Birla group March cement sales up 9.7% at 3.7 mt
DB Corp
-To mull demerger of FM radio operations of synergy media on April 9
-To mull Bhaskar Publications' merger with self on April 9
Etisalat DB Realty Telecom launches in India under the brand name 'Cheers'
-IPO Alert: Raheja Universal seeks SEBI okay for Rs 864 crore issue
-Welspun Gujarat in talks to buy Saudi Arabian Firm for Rs 1000 crore – TOI
-Patni brothers in talks for stake sale, now looking at a price of Rs 700-725/sh
-Reliance Capital in talks for health cover JV with Swiss Re –
-DLF appoints Goldman Sachs as bankers to sell its Aman Resorts property it had acquired for USD 400 million in 2007
-Indage Vintners challenge wind-up order, hearing on Thursday.
-EID Parry, GMR Sugars deal hits roadblock over differences of valuations.
-Qualcomm, GTL in talks for JV for rolling out bandwidth wireless access
–M&M in talks to buy stake in Reva –
-Steel Companies hike prices by Rs 2500/tn on input costs rise
-GMR, Consortium of Reliance Infra and Consortium of GVK in race for privatization of Male airport.
-STATOIL, Petrobas quit ONGC Field in KG basin
SKF India: Dividend Rs 4/sh, Cadila Healthcare: Bonus 1: 2
 
Fund Action :
Escorts India :Reliance MF buys 5 lakh shares at Rs 165.8
Mundra Port : Life Insurance Corporation Of India buys 41.6 lakh shares at Rs 739
Advance Tradex sells 84 lakh shares at Rs 739.2
Tata Motors DVR :  IFCI sells 15.2 lakh shares at Rs 450
Tilaknagar Inds : Standard Chartered Bank buys 2.7 lakh shares at Rs 130
Amit Arun Dahanukar sells 4 lakh shares at Rs130.8
Sarda Energy : IPRO Funds buys 3.7 lakh shares at Rs 172
Investment Professionals buys 7.8 lakh shares at Rs 172
Orange Mauritius Investments buys 10.1 lakh shares at Rs 172
Lehman Brothers Asia sells 23 lakh shares at Rs 172.4
Bihar Tubes : APL Infrastructure buys 1.15 lakh shares at Rs 115.35
BSEL Infra : Elara Capital sells 4.2 lakh shares at Rs13.4
F&O cues:
Total Futures Open Interest up by Rs 1399 crore
Total Options Open Interest up by Rs 1827 crore
Stock Futures add 2.4 cr shares in Open Interest
Nifty up 0.8%, Open Interest up 1.8% (4.3 lakh shares)
Nifty Open Interest PCR at 1.19 from 1.17
Nifty Calls add 7.4 lakh shares in Open Interest
Nifty Puts add 20.5 lakh shares in Open Interest
Nifty April 5400 Call adds 7.5 lakh shares in Open Interest
Nifty April 5200 Put adds 7 lakh shares in Open Interest
Nifty April 4900 Put adds 3 lakh shares in Open Interest


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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.