31 May 2010 Closing Market Updates 15:31
A volatile session ended in green.GDP data made market a volatile session.Nifty closed at 5088.80 after making day low of 5038.55.Nifty gained 22.25 points while Sensex gained 74.97 points and closed at 16938.03.
In FY10, India's GDP growth came in at 7.4% compared to the year before. The March quarter GDP growth came in at 8.6% compared to the same period previous year. In the third quarter, India had witnessed a GDP growth of 6% year-on-year. In fiscal year 2010, growth in construction sector remained unchanged at 6.5%, while industry and services grew at 9.3% (vs 8.2%) and 8.5% (vs 8.7%) year on year.
Among the BSE Sectoral Indices,PSU Index was the top gainer with 2.70% while Realty Index was down by 0.83%
M&M gained most in Nifty50 stocks closed at 575 gaining 5.32%.Suzlon was the top loser in Nifty50 stocks by 7.7% and closed at 56.35.
Market breadth was positive as 737 stocks gained and 558 stocks declined today on NSE.
Monday, May 31, 2010
Friday, May 28, 2010
28th May 2010 Morning Updates:
28th May 2010 Morning Updates:
Markets will open with gap up as global cues are positive.
Book profit at higher lever.
Nifty resistance 5070
Stocks that are in news today:
Results today - SAIL, ONGC, IOC, BEML, Unitech, Apollo Hospital, Ackruti City, Anant Raj Inds, Apollo Tyres, Asian Paints, Bank of Rajasthan, Brand House, EIH, Emami, Fortis Health, Glenmark Pharma, HDIL, IPCA Labs, Kalpataru Power, Kingfisher Airlines, Pipavav Shipyard, PNB, Prakash Inds, Punj Lloyd, PVR, Reliance Media, Sun TV Network, Trent, TV Eighteen, Voltas, Wire & WirelessSix new addition in F&O with effect from today ((Exide, Gujarat Mineral Development Corporation, Jindal South West Holdings, Ruchi Soya, Sobha Developers and Hexaware Technologies))
Tata Steel
Board approves preferential issue of 1.5 crore shares to Tata Sons
Board approves issue of 1.2 crore warrants to Tata Sons
Other stocks and sectors that are in news today:
Shree Renuka-Equipav talks turn sour, final talks likely soon Areva T&D India open offer at Rs 295.35/sh
M&M close to buying stake in Ahmedabad based drip irrigation company Parixit
Actis to buy stake in GVK’s power biz
Khazana- Fortis race for Parkway shifts focus to Apollo Hospital, Khazana has 13% stake in Apollo and could be a right partner
Good Year reverse book building starts today ((ends 3rd June))
Blue Star : Mulls a board meet on 31 May for a proposal for purchase of a business
Pantaloon Retail (India): Mulls a board meet for raising of funds through issue of equity or debt or hybrid instruments
OMAXE :Board approved plans to raise upto Rs 1000 cr via QIP (was earlier looking at raising Rs 800 crore; current holding 89.14%)
Surya Pharmaceutical : Board has decided to raise upto Rs 300 crore & Raise upto USD 50 million via FCCB
Essar Shipping Port : Approved raising USD 500 million via equity linked instrutments
India Steel : Entered M/s TB Investments Ltd. to subscribe for 2,70,00,000 equity shares @ Rs.7/share
F&O cues:
Nifty Open Int PCR at 1.22 versus 1.15
Nifty 5100 Call adds 12.4 lakh shares in Open Int
Nifty 5200 Call adds 10.7 lakh shares in Open Int
Nifty 4800 Put adds 9.7 lakh shares in Open Int
Nifty 4900 Put adds 7.9 lakh shares in Open Int
Nifty 5000 Call adds 5.8 lakh shares in Open Int
FIIs in F&O on May 27
Net buy Rs 832 crore in Nifty Futures
Net sell Rs 289 crore in Nifty Options
Net buy Rs 194 crore in Stock Futures
Market cues:
Begins with Open Int of Rs 92,191 crore versus Rs 92,976 crore in May
Futures Open Int down Rs 4815 crore
Options Open Int up Rs 4031 crore
As per provisional data of May 27, FIIs were net sellers of Rs 533 crore; DIIs were net buyers of Rs 410 crore in cash markets. FIIs were net buyers of Rs 610 crore in F&O.
US Markets:
A certifiable rally on Wall Streets; stocks having second biggest day of gains in 10 months, the Dow almost 3% higher on a gain of 284 points, S&P 500 up 35 points and the Nasdaq picking up 82 points.
Stocks are soaring all day long after China reassured the market that it will not be dumping its Eurozone debt holdings that overshadowed economic data that came in below expectations.
The US economy is still bouncing back, but just not as fast as hoped. The Congress Department says that Gross Domestic Product (GDP) grew at a 3% pace at the start of the year slightly less than originally thought and jobless claims fell by 14,000 last week to 460,000 a smaller than anticipated drop
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.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Markets will open with gap up as global cues are positive.
Book profit at higher lever.
Nifty resistance 5070
Stocks that are in news today:
Results today - SAIL, ONGC, IOC, BEML, Unitech, Apollo Hospital, Ackruti City, Anant Raj Inds, Apollo Tyres, Asian Paints, Bank of Rajasthan, Brand House, EIH, Emami, Fortis Health, Glenmark Pharma, HDIL, IPCA Labs, Kalpataru Power, Kingfisher Airlines, Pipavav Shipyard, PNB, Prakash Inds, Punj Lloyd, PVR, Reliance Media, Sun TV Network, Trent, TV Eighteen, Voltas, Wire & WirelessSix new addition in F&O with effect from today ((Exide, Gujarat Mineral Development Corporation, Jindal South West Holdings, Ruchi Soya, Sobha Developers and Hexaware Technologies))
Tata Steel
Board approves preferential issue of 1.5 crore shares to Tata Sons
Board approves issue of 1.2 crore warrants to Tata Sons
Other stocks and sectors that are in news today:
Shree Renuka-Equipav talks turn sour, final talks likely soon Areva T&D India open offer at Rs 295.35/sh
M&M close to buying stake in Ahmedabad based drip irrigation company Parixit
Actis to buy stake in GVK’s power biz
Khazana- Fortis race for Parkway shifts focus to Apollo Hospital, Khazana has 13% stake in Apollo and could be a right partner
Good Year reverse book building starts today ((ends 3rd June))
Blue Star : Mulls a board meet on 31 May for a proposal for purchase of a business
Pantaloon Retail (India): Mulls a board meet for raising of funds through issue of equity or debt or hybrid instruments
OMAXE :Board approved plans to raise upto Rs 1000 cr via QIP (was earlier looking at raising Rs 800 crore; current holding 89.14%)
Surya Pharmaceutical : Board has decided to raise upto Rs 300 crore & Raise upto USD 50 million via FCCB
Essar Shipping Port : Approved raising USD 500 million via equity linked instrutments
India Steel : Entered M/s TB Investments Ltd. to subscribe for 2,70,00,000 equity shares @ Rs.7/share
F&O cues:
Nifty Open Int PCR at 1.22 versus 1.15
Nifty 5100 Call adds 12.4 lakh shares in Open Int
Nifty 5200 Call adds 10.7 lakh shares in Open Int
Nifty 4800 Put adds 9.7 lakh shares in Open Int
Nifty 4900 Put adds 7.9 lakh shares in Open Int
Nifty 5000 Call adds 5.8 lakh shares in Open Int
FIIs in F&O on May 27
Net buy Rs 832 crore in Nifty Futures
Net sell Rs 289 crore in Nifty Options
Net buy Rs 194 crore in Stock Futures
Market cues:
Begins with Open Int of Rs 92,191 crore versus Rs 92,976 crore in May
Futures Open Int down Rs 4815 crore
Options Open Int up Rs 4031 crore
As per provisional data of May 27, FIIs were net sellers of Rs 533 crore; DIIs were net buyers of Rs 410 crore in cash markets. FIIs were net buyers of Rs 610 crore in F&O.
US Markets:
A certifiable rally on Wall Streets; stocks having second biggest day of gains in 10 months, the Dow almost 3% higher on a gain of 284 points, S&P 500 up 35 points and the Nasdaq picking up 82 points.
Stocks are soaring all day long after China reassured the market that it will not be dumping its Eurozone debt holdings that overshadowed economic data that came in below expectations.
The US economy is still bouncing back, but just not as fast as hoped. The Congress Department says that Gross Domestic Product (GDP) grew at a 3% pace at the start of the year slightly less than originally thought and jobless claims fell by 14,000 last week to 460,000 a smaller than anticipated drop
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.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Thursday, May 27, 2010
27 May 2010 Nifty close above 5000 mark
27 May 2010 Closing Market Updates 15:32
Strong global cues kept our market up and above.Nifty closed at 5005.70 gaining 88.30 points and Sensex closed at 16677.47, gained 289.63 points.
All the BSE sectoral indices closed positive.Bankex gained the most by 2.76%.
Rpower was the top gainer in Nifty50 stocks.It gained by 6.70% and closed at 155.25 while Powergrid was the top loser by 1.16% and closed at 102.
Advance / decline ratio was positive as 811 stocks gained and 473 stocks declined today on NSE.
Strong global cues kept our market up and above.Nifty closed at 5005.70 gaining 88.30 points and Sensex closed at 16677.47, gained 289.63 points.
All the BSE sectoral indices closed positive.Bankex gained the most by 2.76%.
Rpower was the top gainer in Nifty50 stocks.It gained by 6.70% and closed at 155.25 while Powergrid was the top loser by 1.16% and closed at 102.
Advance / decline ratio was positive as 811 stocks gained and 473 stocks declined today on NSE.
Wednesday, May 26, 2010
26 May 2010 Closing Market Updates
26 May 2010 Closing Market Updates 15:31
Market zoomed today as Asian and European were supportive and almost wiped yesterday's losses.Nifty gained 106.30 points and closed at 4913.05 while Sensex closed at 16379.63 with 357.15 points gains.As wrote in the morning blog, metal stocks shone.
All the BSE sectoral indices closed in positive,Realty and IT indices were the top gainers by 3.08% .
Hindalco was the top gainer among the Nifty50 stocks.It gained 7.44% and closed at 148 while top loser was Rcom which closed at 134.90, down by 2.88%.
Advance/Decline ratio was positive to nearly 3.07 : 1 as 980 stocks gained and 319 stocks declined today on NSE.
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Market zoomed today as Asian and European were supportive and almost wiped yesterday's losses.Nifty gained 106.30 points and closed at 4913.05 while Sensex closed at 16379.63 with 357.15 points gains.As wrote in the morning blog, metal stocks shone.
All the BSE sectoral indices closed in positive,Realty and IT indices were the top gainers by 3.08% .
Hindalco was the top gainer among the Nifty50 stocks.It gained 7.44% and closed at 148 while top loser was Rcom which closed at 134.90, down by 2.88%.
Advance/Decline ratio was positive to nearly 3.07 : 1 as 980 stocks gained and 319 stocks declined today on NSE.
To subscribe daily recommendations on your mobile, call on +919960779955
26 May 2010 Morning Market Updates
26 May 2010 Morning Market Updates 08:50
Market will open on a higher side as Asian markets trading positively but may witness volatility as May month FO expiry is tomorrow.Stock specific rally in high beta stocks like banking ,infrastructure and metals are expected.Be cautious on lower levels for new shorts.Punters will be keen on winding up the positions.
Nifty resistance is at 4870 and 4950.Support is at 4750.
Stocks in News :
Results Today:
Tata Steel, Asian Hotels, Bank of India, Cinemax India, Dalmia Cement, Ess Dee Aluminium, Everest Kanto, Godrej Industries, HPCL, Indian Hotels, K Sera Sera, Mphasis, Oil India, REI Agro, BHEL (Provisional numbers already out)
Power Grid FY10 (cr - crore, vs - versus)
-Net sales at Rs 7,127.5 cr vs Rs 6,675.9 cr
-Net profit at Rs 2,040.9 cr vs Rs 1,690.6 cr
Mercator Lines FY10
-Cons net sales at Rs 1431.3 cr vs Rs 2133.6 cr
-Cons net profit at Rs 53.2 cr vs Rs 376.5 cr
Nagarjuna Construction Q4:
-Net profit at Rs 103 cr vs Rs 38.2 cr (YoY)
-Revenue at Rs 1,522 cr vs Rs 1,096 cr (YoY)
HUL Q4:
-Net sales at Rs 4,315.8 cr vs Rs 3,988.3 cr (YoY)
-Net profit at Rs 581.2 cr vs Rs 395 cr (YoY)
JM Financial FY10
-Sales at Rs 598 cr vs Rs 464 cr (YoY)
-PAT at Rs 151.6 cr vs loss of Rs 105.2 cr (YoY)
Jai Corp Q4 (Standalone)
-Sales at Rs 117 cr vs Rs 71.7 cr (YoY)
-PAT at Rs 17.9 cr vs Loss of Rs 26.3 cr (YoY)
Tata Tea Q4 (Consolidated)
-Sales at Rs 1570 cr vs Rs 1276 cr (YoY)
-Reported PAT at Rs 30 cr vs Rs 12 cr (YoY)
-Exectional loss of Rs 14 cr vs Rs 52 cr (YoY)
-Effective Tax rate at 70%
Other stocks and sectors that are in news today:
-Marico acquires aesthetics business (essentially skin care Product & Services business) of Derma Rx ((Singapore)) for a consideration slightly above Rs100cr; Implied P/E is around 10x
-Aban Offshore : Approves fund raising of $400 Mn through issue of FCCBs, GDRs, ADRs etc & QIP of upto Rs 2500 crore
-HCC : bags Rs 888 crore contract for Rajasthan Atomic Power
-Tata Tea : Approves stock split in the ratio of 10:1
-Grasim to be replaced by JSPL in Sensex from today
-Grasim ex-date for de-merger of samruddhi cement ((Consensus estimate for samruddhi @ Rs.490/shr))
-Adani Enterprise, REC, Piramal Healthcare to be added to MSCI Index w.e.f today
-Lodha Developers pays a Rs 4000 crore to bag 25000 sqmt plot in Wadala, Mumbai
-ICICI Ventures plan IPO
-M&M may buy majority stake in Reva, announcement today
-AV Birla group revives plans to enter power space, in talks for an acquisition of a thermal plant in South India
F&O cues:
Futures Open Int down Rs 380 crore
Options Open Int up Rs 4490 crore
Nifty May Futures shed 41 lakh shares in Open Int
Nifty May Futures at 2-point premium
Nifty June Futures add 74 lakh shares in Open Int
Nifty June Futures at 16-point discount
Nifty Open Int PCR at 0.99 versus 1.04
Nifty Puts add 28 lakh shares in Open Int
Nifty Calls add 70 lakh shares in Open Int
Nifty June 4200 Put adds 9 lakh shares in Open Int
Nifty June 4300 Put adds 9 lakh shares in Open Int
Nifty June 4500 Put adds 8 lakh shares in Open Int
Nifty May 4900 Put sheds 19 lakh shares in Open Int
Nifty May 5000 Put sheds 16 lakh shares in Open Int
Nifty May 4900 Call adds 24 lakh shares in Open Int
Nifty May 4800 Call adds 23 lakh shares in Open Int
Stock Futures shed 2.3 cr shares in Open Int
Marketwide rollover at 46% versus average of 42%
Nifty rollover of 45% versus average of 42%
Nifty June discount on dividends, short rollover
FIIs in F&O May 25
Net sell Rs 568 crore in Nifty Futures
Net buy Rs 1483 crore in Nifty Options
Net buy Rs 159 crore in Stock Futures
US Markets :
US stocks erased most of their earlier losses in the final half-hour of trading as materials and consumer discretionary stocks advanced. The Dow fell as much as 292 points within the first 15 minutes of trading, but the market steadied eventually. The rebound gained upward momentum after the release of the May consumer confidence index, which topped expectations by coming in at a two-year high of 63.3.The Dow ended down 22 points, after shedding nearly 300 points initially. The S&P 500 turned positive and the Nasdaq also recovered most of its losses after falling more than 2%.
Market will open on a higher side as Asian markets trading positively but may witness volatility as May month FO expiry is tomorrow.Stock specific rally in high beta stocks like banking ,infrastructure and metals are expected.Be cautious on lower levels for new shorts.Punters will be keen on winding up the positions.
Nifty resistance is at 4870 and 4950.Support is at 4750.
Stocks in News :
Results Today:
Tata Steel, Asian Hotels, Bank of India, Cinemax India, Dalmia Cement, Ess Dee Aluminium, Everest Kanto, Godrej Industries, HPCL, Indian Hotels, K Sera Sera, Mphasis, Oil India, REI Agro, BHEL (Provisional numbers already out)
Power Grid FY10 (cr - crore, vs - versus)
-Net sales at Rs 7,127.5 cr vs Rs 6,675.9 cr
-Net profit at Rs 2,040.9 cr vs Rs 1,690.6 cr
Mercator Lines FY10
-Cons net sales at Rs 1431.3 cr vs Rs 2133.6 cr
-Cons net profit at Rs 53.2 cr vs Rs 376.5 cr
Nagarjuna Construction Q4:
-Net profit at Rs 103 cr vs Rs 38.2 cr (YoY)
-Revenue at Rs 1,522 cr vs Rs 1,096 cr (YoY)
HUL Q4:
-Net sales at Rs 4,315.8 cr vs Rs 3,988.3 cr (YoY)
-Net profit at Rs 581.2 cr vs Rs 395 cr (YoY)
JM Financial FY10
-Sales at Rs 598 cr vs Rs 464 cr (YoY)
-PAT at Rs 151.6 cr vs loss of Rs 105.2 cr (YoY)
Jai Corp Q4 (Standalone)
-Sales at Rs 117 cr vs Rs 71.7 cr (YoY)
-PAT at Rs 17.9 cr vs Loss of Rs 26.3 cr (YoY)
Tata Tea Q4 (Consolidated)
-Sales at Rs 1570 cr vs Rs 1276 cr (YoY)
-Reported PAT at Rs 30 cr vs Rs 12 cr (YoY)
-Exectional loss of Rs 14 cr vs Rs 52 cr (YoY)
-Effective Tax rate at 70%
Other stocks and sectors that are in news today:
-Marico acquires aesthetics business (essentially skin care Product & Services business) of Derma Rx ((Singapore)) for a consideration slightly above Rs100cr; Implied P/E is around 10x
-Aban Offshore : Approves fund raising of $400 Mn through issue of FCCBs, GDRs, ADRs etc & QIP of upto Rs 2500 crore
-HCC : bags Rs 888 crore contract for Rajasthan Atomic Power
-Tata Tea : Approves stock split in the ratio of 10:1
-Grasim to be replaced by JSPL in Sensex from today
-Grasim ex-date for de-merger of samruddhi cement ((Consensus estimate for samruddhi @ Rs.490/shr))
-Adani Enterprise, REC, Piramal Healthcare to be added to MSCI Index w.e.f today
-Lodha Developers pays a Rs 4000 crore to bag 25000 sqmt plot in Wadala, Mumbai
-ICICI Ventures plan IPO
-M&M may buy majority stake in Reva, announcement today
-AV Birla group revives plans to enter power space, in talks for an acquisition of a thermal plant in South India
F&O cues:
Futures Open Int down Rs 380 crore
Options Open Int up Rs 4490 crore
Nifty May Futures shed 41 lakh shares in Open Int
Nifty May Futures at 2-point premium
Nifty June Futures add 74 lakh shares in Open Int
Nifty June Futures at 16-point discount
Nifty Open Int PCR at 0.99 versus 1.04
Nifty Puts add 28 lakh shares in Open Int
Nifty Calls add 70 lakh shares in Open Int
Nifty June 4200 Put adds 9 lakh shares in Open Int
Nifty June 4300 Put adds 9 lakh shares in Open Int
Nifty June 4500 Put adds 8 lakh shares in Open Int
Nifty May 4900 Put sheds 19 lakh shares in Open Int
Nifty May 5000 Put sheds 16 lakh shares in Open Int
Nifty May 4900 Call adds 24 lakh shares in Open Int
Nifty May 4800 Call adds 23 lakh shares in Open Int
Stock Futures shed 2.3 cr shares in Open Int
Marketwide rollover at 46% versus average of 42%
Nifty rollover of 45% versus average of 42%
Nifty June discount on dividends, short rollover
FIIs in F&O May 25
Net sell Rs 568 crore in Nifty Futures
Net buy Rs 1483 crore in Nifty Options
Net buy Rs 159 crore in Stock Futures
US Markets :
US stocks erased most of their earlier losses in the final half-hour of trading as materials and consumer discretionary stocks advanced. The Dow fell as much as 292 points within the first 15 minutes of trading, but the market steadied eventually. The rebound gained upward momentum after the release of the May consumer confidence index, which topped expectations by coming in at a two-year high of 63.3.The Dow ended down 22 points, after shedding nearly 300 points initially. The S&P 500 turned positive and the Nasdaq also recovered most of its losses after falling more than 2%.
Tuesday, May 25, 2010
25 May 2010 Closing Market Updates
25 May 2010 Closing Market Updates 15:31
Market opened today with gap down because global meltdown.Nifty opened below its support level of 4870.Holidays in many European countries on Monday delayed the sharp sell-off into Tuesday's trade.European markets opened negative and the hopes of the recovery shattered.In the last session, market hit the low as margin calls triggered.
Global stocks as measured by MSCI fell 1.6 percent to their lowest since early Sept 2009, while the more volatile emerging index dropped more than 3 percent to 8-/2 month lows.The pan-European FTSEurofirst 300 index of top shares also fell close to 3 percent to its lowest since Sept.
Nifty closed at 4809.90, down by 134.05 and Sensex closed at 16017.97, down by 451.58 points.
All the BSE Sectoral indices closed negative.Metal index was the top loser by 5.46%
Sunpharma was the top gainer in Nifty50 stocks by 2.70% and Siemens was the marginal gainer by 0.16%.All remaaining 48 stocks closed in red.Top loser was Sail by 6.09%.
Advance / Decline ratio was negative to 1:10 as 1210 stocks declined and 115 stocks gained today on NSE.
For daily recommendations on your mobile, call +919960779955
Market opened today with gap down because global meltdown.Nifty opened below its support level of 4870.Holidays in many European countries on Monday delayed the sharp sell-off into Tuesday's trade.European markets opened negative and the hopes of the recovery shattered.In the last session, market hit the low as margin calls triggered.
Global stocks as measured by MSCI fell 1.6 percent to their lowest since early Sept 2009, while the more volatile emerging index dropped more than 3 percent to 8-/2 month lows.The pan-European FTSEurofirst 300 index of top shares also fell close to 3 percent to its lowest since Sept.
Nifty closed at 4809.90, down by 134.05 and Sensex closed at 16017.97, down by 451.58 points.
All the BSE Sectoral indices closed negative.Metal index was the top loser by 5.46%
Sunpharma was the top gainer in Nifty50 stocks by 2.70% and Siemens was the marginal gainer by 0.16%.All remaaining 48 stocks closed in red.Top loser was Sail by 6.09%.
Advance / Decline ratio was negative to 1:10 as 1210 stocks declined and 115 stocks gained today on NSE.
For daily recommendations on your mobile, call +919960779955
Monday, May 24, 2010
24 May 2010 Closing Market Updates
24 May 2010 Closing Market Updates 15:31
Today market opened with gap up but as mentioned in the morning blog not sustained above its resistance 5010.In the last session, profit booking pulled the indices to close in negative.Nifty closed at 4928.8, down by 2.35 points after making intraday high of 5029.55.Sensex closed at 16428.45 with 17.16 points down.
Among BSE Sectoral indices, Oil & Gas index gained the highest by 1.67% whereas Realty dumped by 1.95%.
RNRL was the top gainer by 22.70%. Rcom was the top gainer in Nifty50 stocks, gained 10.69%. Hindalco was the top loser by shedding 4.71%
Overall market breadth was positive as 740 stocks gained and 569 stocks declined today on NSE.
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Today market opened with gap up but as mentioned in the morning blog not sustained above its resistance 5010.In the last session, profit booking pulled the indices to close in negative.Nifty closed at 4928.8, down by 2.35 points after making intraday high of 5029.55.Sensex closed at 16428.45 with 17.16 points down.
Among BSE Sectoral indices, Oil & Gas index gained the highest by 1.67% whereas Realty dumped by 1.95%.
RNRL was the top gainer by 22.70%. Rcom was the top gainer in Nifty50 stocks, gained 10.69%. Hindalco was the top loser by shedding 4.71%
Overall market breadth was positive as 740 stocks gained and 569 stocks declined today on NSE.
Subscribe for daily intraday as well as positional calls on your mobile...
Call on +919960779955 for more details.
24 May 2010 Morning Market Updates
24 May 2010 Morning Market Updates 08:40
Market today will open with a gap up as Asian markets reacting positively.High beta stocks will be give smart bounce back.
The F&O expiry in this week will keep the market volatile. Improvement in the global market view will remain the key.Any positive market indicator may drive the market to start Northward journey to significant short covering.
Recommendations :
Buy M&M Above 541 sl 533 T 553
Buy Dishtv sl 36.9 T 38.75
Buy IFCI sl 51 T 53.25
Results Today: Sun Pharma, Tata Power, Aegis Logistics, Bombay Dyeing, Canara Bank, GMR Infra, Hotel Leela, Kalyani Steel, Lakshmi Machine, Madras Cements, Opto Circuits, Shriram EPC, Tata Chemicals, TV Today
RIL-ADAG deal
Mukesh & Anil Ambani agree to cancel all non-compete agreements
RIL and ADAG hopeful of co-operation
New, Simple non-compete agreement signed by RIL, ADAG
New Agmt Limited only to gas-based power generation
RIL, RNRL to quickly negotiate gas supply agreement
Negotiations likely to conclude very soon
Terms eliminate room for any further dispute
Mukesh, Anil Ambani today approve & sign new agmt
New agreement approved by boards of both cos
RIL-RNRL exclusive: sources say:
Neither sides plan to get into each other's territory
Non-compete done away with to get 'irritants' out of the way
Gas agreement discussion on
Gas agreement could close in 'matter of days'
All aspects in 'private domain' settled
Abbott Concall
India a significant & critical market
India is world's fastest growing market
Recent moves include licensing agreement with Zydus Cadila
Recent moves include acquisition of Piramal Healthcare Soln Biz
Recent aquisitions to Capitalise on EMs' Growth
EMs expected to grow 3x developed markets
Emerging markets represent 20% of co's biz
Piramal will provide required infra
Piramal has the largest sales force in the country
Abbott-Piramal to have more than 7,000-strong sales force
Branded generics fastest growing segment
Other stocks and sectors that are in news today:
Godrej buys Hair dye co in LatAM
Standard Chartered: IDR price band fixed at Rs 100-115/IDR ((Issue of 24 cr IDRs opens on May 25))
Dr Reddy's launches Tacrolimus Capsules, the generic version of Prograf
Fortis Healthcare: infuses USD 100 Million via conversion of warrants
Redington (India): Approves stock split in ratio of 5:1
Bharat Forge: Received a contract for EPC for an Power Project for a 3 X 150 MW Power Project
ICICI Bank, BoR boards approve merger, swap ratio of 1:4.72
Caraco FY10:
Net loss of USD 8.7 million versus profit of USD 20.5 million (YoY)
Revenue at USD 233.7 million versus USD 337.2 million (YoY)
Operating loss at USD 13.3 million versus operating profit of USD 28.8 million
Shriram City Union Finance Q4 (cr - crore, vs - versus)
Income from operation at Rs 277cr vs Rs 258.2cr (YoY)
PAT at Rs 454 cr vs Rs 327 cr (YoY)
NMDC Q4
Sales at Rs 1983 cr vs Rs 1936 cr (YoY)
PAT at Rs 1065 cr vs Rs 1021 cr (YoY)
GE Shipping Q4 (Cons.)
Sales at Rs 779 cr vs Rs 746 cr (YoY)
PAT at Rs 155.6 cr vs Rs 125.5 cr (YoY)
Bharat Forge Q4FY10 YoY
Revenues up 92% at Rs 562.3 cr vs Rs 292.6 cr
OPM at 25% vs 15%
PAT at Rs 61.2 cr vs Rs 61 cr
Profit before exceptional item at Rs 82 cr vs loss of Rs 2.4 cr
Exceptional item includes gain of Rs 98 cr in Q4FY09
Redington India FY10
Sales at Rs 13757 cr vs Rs 12668 cr (YoY)
PAT at Rs 185 cr vs Rs 160 cr
Varun Shipping FY10
Sales at Rs 896.7 cr vs Rs 942 cr (YoY)
PAT at Rs 12.5 cr vs Rs 122 cr (YoY)
Tax expenses at Rs 42 cr vs Rs 3.5 cr (YoY)
Gammon Infra Q4 (Cons.)
Sales at Rs 77.1 cr vs Rs 54.27 cr (up 42% YOY)
PAT at Rs 8.3 cr vs Rs 7.3 cr (up 14% YoY)
Nifty May Futures add 11 lakh shares in Open Int
Nifty May Futures at 3-point discount
Nifty June Futures add 13 lakh shares in Open Int
Nifty June Futures at 6-point discount
Nifty Open Int PCR at 1.02 versus 1.03
Nifty Puts add 17 lakh shares in Open Int
Nifty Calls add 21 lakh shares in Open Int
Nifty May 4800 Put adds 11 lakh shares in Open Int
Nifty May 4900 Put sheds 11 lakh shares in Open Int
Nifty May 4800 Call adds 10 lakh shares in Open Int
Stock Futures add 2.7 crore shares in Open Int
FIIs in F&O on May 21
Net sell Rs 552 crore in Nifty futures
Net buy Rs 300 crore in Nifty options
Net buy Rs 468 crore in Stock futures
Market today will open with a gap up as Asian markets reacting positively.High beta stocks will be give smart bounce back.
The F&O expiry in this week will keep the market volatile. Improvement in the global market view will remain the key.Any positive market indicator may drive the market to start Northward journey to significant short covering.
Recommendations :
Buy M&M Above 541 sl 533 T 553
Buy Dishtv sl 36.9 T 38.75
Buy IFCI sl 51 T 53.25
Results Today: Sun Pharma, Tata Power, Aegis Logistics, Bombay Dyeing, Canara Bank, GMR Infra, Hotel Leela, Kalyani Steel, Lakshmi Machine, Madras Cements, Opto Circuits, Shriram EPC, Tata Chemicals, TV Today
RIL-ADAG deal
Mukesh & Anil Ambani agree to cancel all non-compete agreements
RIL and ADAG hopeful of co-operation
New, Simple non-compete agreement signed by RIL, ADAG
New Agmt Limited only to gas-based power generation
RIL, RNRL to quickly negotiate gas supply agreement
Negotiations likely to conclude very soon
Terms eliminate room for any further dispute
Mukesh, Anil Ambani today approve & sign new agmt
New agreement approved by boards of both cos
RIL-RNRL exclusive: sources say:
Neither sides plan to get into each other's territory
Non-compete done away with to get 'irritants' out of the way
Gas agreement discussion on
Gas agreement could close in 'matter of days'
All aspects in 'private domain' settled
Abbott Concall
India a significant & critical market
India is world's fastest growing market
Recent moves include licensing agreement with Zydus Cadila
Recent moves include acquisition of Piramal Healthcare Soln Biz
Recent aquisitions to Capitalise on EMs' Growth
EMs expected to grow 3x developed markets
Emerging markets represent 20% of co's biz
Piramal will provide required infra
Piramal has the largest sales force in the country
Abbott-Piramal to have more than 7,000-strong sales force
Branded generics fastest growing segment
Other stocks and sectors that are in news today:
Godrej buys Hair dye co in LatAM
Standard Chartered: IDR price band fixed at Rs 100-115/IDR ((Issue of 24 cr IDRs opens on May 25))
Dr Reddy's launches Tacrolimus Capsules, the generic version of Prograf
Fortis Healthcare: infuses USD 100 Million via conversion of warrants
Redington (India): Approves stock split in ratio of 5:1
Bharat Forge: Received a contract for EPC for an Power Project for a 3 X 150 MW Power Project
ICICI Bank, BoR boards approve merger, swap ratio of 1:4.72
Caraco FY10:
Net loss of USD 8.7 million versus profit of USD 20.5 million (YoY)
Revenue at USD 233.7 million versus USD 337.2 million (YoY)
Operating loss at USD 13.3 million versus operating profit of USD 28.8 million
Shriram City Union Finance Q4 (cr - crore, vs - versus)
Income from operation at Rs 277cr vs Rs 258.2cr (YoY)
PAT at Rs 454 cr vs Rs 327 cr (YoY)
NMDC Q4
Sales at Rs 1983 cr vs Rs 1936 cr (YoY)
PAT at Rs 1065 cr vs Rs 1021 cr (YoY)
GE Shipping Q4 (Cons.)
Sales at Rs 779 cr vs Rs 746 cr (YoY)
PAT at Rs 155.6 cr vs Rs 125.5 cr (YoY)
Bharat Forge Q4FY10 YoY
Revenues up 92% at Rs 562.3 cr vs Rs 292.6 cr
OPM at 25% vs 15%
PAT at Rs 61.2 cr vs Rs 61 cr
Profit before exceptional item at Rs 82 cr vs loss of Rs 2.4 cr
Exceptional item includes gain of Rs 98 cr in Q4FY09
Redington India FY10
Sales at Rs 13757 cr vs Rs 12668 cr (YoY)
PAT at Rs 185 cr vs Rs 160 cr
Varun Shipping FY10
Sales at Rs 896.7 cr vs Rs 942 cr (YoY)
PAT at Rs 12.5 cr vs Rs 122 cr (YoY)
Tax expenses at Rs 42 cr vs Rs 3.5 cr (YoY)
Gammon Infra Q4 (Cons.)
Sales at Rs 77.1 cr vs Rs 54.27 cr (up 42% YOY)
PAT at Rs 8.3 cr vs Rs 7.3 cr (up 14% YoY)
Nifty May Futures add 11 lakh shares in Open Int
Nifty May Futures at 3-point discount
Nifty June Futures add 13 lakh shares in Open Int
Nifty June Futures at 6-point discount
Nifty Open Int PCR at 1.02 versus 1.03
Nifty Puts add 17 lakh shares in Open Int
Nifty Calls add 21 lakh shares in Open Int
Nifty May 4800 Put adds 11 lakh shares in Open Int
Nifty May 4900 Put sheds 11 lakh shares in Open Int
Nifty May 4800 Call adds 10 lakh shares in Open Int
Stock Futures add 2.7 crore shares in Open Int
FIIs in F&O on May 21
Net sell Rs 552 crore in Nifty futures
Net buy Rs 300 crore in Nifty options
Net buy Rs 468 crore in Stock futures
Friday, May 21, 2010
21 May 2010 Closing Market Updates
21 May 2010 Closing Market Updates 15:31
Market opened gap down as expected but positive thing was that the Nifty closed above its strong support 4870.Selected high beta stocks like Reliance Capital,Bharti,M&M,Maruti bounced back smartly on value buying.Market covered almost major morning losses as Nifty closed at 4932 sheded 15.60 points after making day low of4842.30 whereas Sensex closed at 16441.17 down by 78.51 points.
Among BSE sectoral indices, Auto index gained the most by 0.76% while POwer Index dumped by 1.80%
M&M was the top gainer in Nifty50 stocks by 3.70% and closed at 541 while NTPC was the top loser which lost 3.94% and closed at 196.50
Overall market breadth was negative as 993 stocks declined and 316 stocks gained today on NSE.
To subscribe to our Exclusive calls and Nifty Intraday and Positional levels on your mobile kindly call +919960779955
Market opened gap down as expected but positive thing was that the Nifty closed above its strong support 4870.Selected high beta stocks like Reliance Capital,Bharti,M&M,Maruti bounced back smartly on value buying.Market covered almost major morning losses as Nifty closed at 4932 sheded 15.60 points after making day low of4842.30 whereas Sensex closed at 16441.17 down by 78.51 points.
Among BSE sectoral indices, Auto index gained the most by 0.76% while POwer Index dumped by 1.80%
M&M was the top gainer in Nifty50 stocks by 3.70% and closed at 541 while NTPC was the top loser which lost 3.94% and closed at 196.50
Overall market breadth was negative as 993 stocks declined and 316 stocks gained today on NSE.
To subscribe to our Exclusive calls and Nifty Intraday and Positional levels on your mobile kindly call +919960779955
21 May 2010 Morning Market Updates
21 May 2010 Morning Market Updates 08:50
US Markets :
U.S. markets dropped sharply on Thursday as investor anxiety over a euro zone bailout mixed with pessimism over proposed financial regulations and a surprise jump in new jobless claims. New claims increased last week by the largest number in three months, according to the Labor Department, while an index of leading indicators on the economy dipped in April, the first time the figure has declined in more than a year.Higher unemployment claims, regulation reforms and euro troubles contribute to Dow's slide.
F&O cues:
Futures Open Int up Rs 317 crore, Options Open Int down Rs 596 crore
Nifty May futures shed 6 lakh shares in Open Int, at 6-point discount
Nifty June futures add 8 lakh shares in Open Int, at 12-point discount
Nifty Open Int PCR unchanged at 1.03
Nifty Puts shed 7.7 lakh shares, Nifty Calls shed 5.5 lakh shares in Open Int
Nifty June 4800 Put adds 7 lakh shares in Open Int
Nifty June 4700 Put adds 5.7 lakh shares in Open Int
Nifty May 5000 Put sheds 14.6 lakh shares in Open Int
Nifty May 5300 Call sheds 5.5 lakh shares in Open Int
Stock futures Open Int unchanged
FIIs in F&O on May 20
Net sell Rs 781 crore in Nifty Futures
Net sell Rs 350 crore in Nifty Options
Net buy Rs 888 crore in Stock Futures
US Markets :
U.S. markets dropped sharply on Thursday as investor anxiety over a euro zone bailout mixed with pessimism over proposed financial regulations and a surprise jump in new jobless claims. New claims increased last week by the largest number in three months, according to the Labor Department, while an index of leading indicators on the economy dipped in April, the first time the figure has declined in more than a year.Higher unemployment claims, regulation reforms and euro troubles contribute to Dow's slide.
F&O cues:
Futures Open Int up Rs 317 crore, Options Open Int down Rs 596 crore
Nifty May futures shed 6 lakh shares in Open Int, at 6-point discount
Nifty June futures add 8 lakh shares in Open Int, at 12-point discount
Nifty Open Int PCR unchanged at 1.03
Nifty Puts shed 7.7 lakh shares, Nifty Calls shed 5.5 lakh shares in Open Int
Nifty June 4800 Put adds 7 lakh shares in Open Int
Nifty June 4700 Put adds 5.7 lakh shares in Open Int
Nifty May 5000 Put sheds 14.6 lakh shares in Open Int
Nifty May 5300 Call sheds 5.5 lakh shares in Open Int
Stock futures Open Int unchanged
FIIs in F&O on May 20
Net sell Rs 781 crore in Nifty Futures
Net sell Rs 350 crore in Nifty Options
Net buy Rs 888 crore in Stock Futures
Thursday, May 20, 2010
20 May 2010 Closing Market updates
20 May 2010 Closing Market Updates 15:30
Market opened positive and remained positive for the whole session. Nifty closed at 4954.70, gained 35.05 points and Sensex closed at 16532.28 by gaining 123.79 points.
Among the BSE Sectoral Indices, PSU gained the most by 1.80% and Realty index lost by 2.01%.
In Nifty50 stocks, ONGC gained the most by 8.96% whereas JP Associates lost the most by 3.61%.
Overall market breadth was negative as 490 stocks gained and 797 stocks declined today on NSE.
Market opened positive and remained positive for the whole session. Nifty closed at 4954.70, gained 35.05 points and Sensex closed at 16532.28 by gaining 123.79 points.
Among the BSE Sectoral Indices, PSU gained the most by 1.80% and Realty index lost by 2.01%.
In Nifty50 stocks, ONGC gained the most by 8.96% whereas JP Associates lost the most by 3.61%.
Overall market breadth was negative as 490 stocks gained and 797 stocks declined today on NSE.
20 May 2010 Intraday Calls
20 May 2010 Morning Market Updates 08:32
Market will open flat to positive as Asian markets trading in positive.
Nifty will have a resistance at 4950-4970 levels.As per yesterday's advice,value buying should be started at current levels to 4870 level.
Recommendations :
Follow Buy Calls in Positive market bias and v.v.
Buy Herohonda Above 1864 sl 1850 T 1885
Buy Siemens Above 682 sl 677 T 691
Buy Abirlanuvo Above 777 sl 768 T 789
Buy BEL Above 1800 sl 1788 T 1828
Buy Hindpetro Above 340 sl 335 T 347
Buy RNRL Above 47.5 sl 45 T 51
Buy Ultracemco Above 960 sl 948 T 980
Sell ITC sl 261 T 256
Sell Glenmark sl 271 T 260/257
Sell Indhotel sl 111.5 T 108
Sell Bajaj-Auto Below 2120 sl 2138 T 2096
Sell Bankbaroda Below 670 sl 674 T 661
Sell PFC Below 277 sl 280 T 272
Stocks in News :
After 34 days of competitive bidding, auctions for India's third-generation airwaves drew to a close on Wednesday, throwing open doors for faster data services and making the government richer by Rs 67,718.95 crore. At this price, the cost of one Mhz of 3G spectrum works out to Rs 1,675 crore. In comparison, 4.4 MHz of 2G spectrum and licence were doled out at a paltry Rs 1,651 crore by telecom minister A Raja in January 2008.
The other major highlight of the auctions is that no operator has won 3G spectrum for all 22 telecom circles. The big winners were Bharti Airtel ,Reliance Communications and Aircel, which have bagged spectrum in 13 circles each. Idea Cellular won spectrum for 11 circles, while Vodafone-Essar and Tatas (Tata Teleservices and Tata Teleservices Maharashtra combined) won 9 circles each.
Outlining a new growth and brand strategy for its value format business, Reliance Retail, a subsidiary of Reliance Industries said it would base its business on four growth pillars -- strengthen presence in multi-brand format; drive growth through hypermarkets; become a leader in fresh food quality and enable growth through world-class infrastructure such as distribution centres, fresh processing centres and customer innovation centres.
The government on Wednesday sharply raised the price of natural gas sold by state-owned ONGC and OIL from $1.79 to $4.2 per unit the same price at which private sector RIL sells gas.
Gems & jewellery, petro items lift Apr exports 36%
Volkswagen, Maruti start integration talks
To make inroads into the European market, Apollo Tyres will showcase all passenger vehicle product brands in its portfolio at this year's Reifen 2010, in Essen, Germany.
Steel ministry seeks duty hike on iron ore export
F&O cues:
Futures Open Int up Rs 286 crore
Options Open Int up Rs 3189 crore
Nifty May Futures add 5 lakh shares in Open Int
Nifty June Futures add 15 lakh shares in Open Int
Nifty May at 3-point premium
Nifty June at 1-point discount
Nifty Open Int PCR at 1.03 versus 1.08
Nifty Puts add 12 lakh shares in Open Int
Nifty Calls add 50 lakh shares in Open Int
Nifty 4800 Put adds 4.5 lakh shares in Open Int
Nifty 5100 Put sheds 12 lakh shares in Open Int
Nifty 5000 Put sheds 11 lakh shares in Open Int
Nifty 4900 Call adds 17 lakh shares in Open Int
Nifty 5000 Call adds 16 lakh shares in Open Int
Stock Futures add 1.9 cr shares in Open Int
FIIs in F&O on May 19
Net sell Rs 1555 crore in Nifty Futures
Nifty Futures Open Int up 16,346 contracts
Net buy Rs 2668 crore in Nifty Options
Nifty Options Open Int up 6,158 contracts
US Markets :
U.S. stocks fell Wednesday, led by such industrial companies as Caterpillar, Boeing and 3M as investors worried that the weak euro could hurt the profits of companies that do business in the euro zone. The Dow Jones Industrial Average fell 66.58 points, or 0.63%, to 10444.37 and the Nasdaq Composite declined 18.89, or 0.82%, to 2298.37
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.
Market will open flat to positive as Asian markets trading in positive.
Nifty will have a resistance at 4950-4970 levels.As per yesterday's advice,value buying should be started at current levels to 4870 level.
Recommendations :
Follow Buy Calls in Positive market bias and v.v.
Buy Herohonda Above 1864 sl 1850 T 1885
Buy Siemens Above 682 sl 677 T 691
Buy Abirlanuvo Above 777 sl 768 T 789
Buy BEL Above 1800 sl 1788 T 1828
Buy Hindpetro Above 340 sl 335 T 347
Buy RNRL Above 47.5 sl 45 T 51
Buy Ultracemco Above 960 sl 948 T 980
Sell ITC sl 261 T 256
Sell Glenmark sl 271 T 260/257
Sell Indhotel sl 111.5 T 108
Sell Bajaj-Auto Below 2120 sl 2138 T 2096
Sell Bankbaroda Below 670 sl 674 T 661
Sell PFC Below 277 sl 280 T 272
Stocks in News :
After 34 days of competitive bidding, auctions for India's third-generation airwaves drew to a close on Wednesday, throwing open doors for faster data services and making the government richer by Rs 67,718.95 crore. At this price, the cost of one Mhz of 3G spectrum works out to Rs 1,675 crore. In comparison, 4.4 MHz of 2G spectrum and licence were doled out at a paltry Rs 1,651 crore by telecom minister A Raja in January 2008.
The other major highlight of the auctions is that no operator has won 3G spectrum for all 22 telecom circles. The big winners were Bharti Airtel ,Reliance Communications and Aircel, which have bagged spectrum in 13 circles each. Idea Cellular won spectrum for 11 circles, while Vodafone-Essar and Tatas (Tata Teleservices and Tata Teleservices Maharashtra combined) won 9 circles each.
Outlining a new growth and brand strategy for its value format business, Reliance Retail, a subsidiary of Reliance Industries said it would base its business on four growth pillars -- strengthen presence in multi-brand format; drive growth through hypermarkets; become a leader in fresh food quality and enable growth through world-class infrastructure such as distribution centres, fresh processing centres and customer innovation centres.
The government on Wednesday sharply raised the price of natural gas sold by state-owned ONGC and OIL from $1.79 to $4.2 per unit the same price at which private sector RIL sells gas.
Gems & jewellery, petro items lift Apr exports 36%
Volkswagen, Maruti start integration talks
To make inroads into the European market, Apollo Tyres will showcase all passenger vehicle product brands in its portfolio at this year's Reifen 2010, in Essen, Germany.
Steel ministry seeks duty hike on iron ore export
F&O cues:
Futures Open Int up Rs 286 crore
Options Open Int up Rs 3189 crore
Nifty May Futures add 5 lakh shares in Open Int
Nifty June Futures add 15 lakh shares in Open Int
Nifty May at 3-point premium
Nifty June at 1-point discount
Nifty Open Int PCR at 1.03 versus 1.08
Nifty Puts add 12 lakh shares in Open Int
Nifty Calls add 50 lakh shares in Open Int
Nifty 4800 Put adds 4.5 lakh shares in Open Int
Nifty 5100 Put sheds 12 lakh shares in Open Int
Nifty 5000 Put sheds 11 lakh shares in Open Int
Nifty 4900 Call adds 17 lakh shares in Open Int
Nifty 5000 Call adds 16 lakh shares in Open Int
Stock Futures add 1.9 cr shares in Open Int
FIIs in F&O on May 19
Net sell Rs 1555 crore in Nifty Futures
Nifty Futures Open Int up 16,346 contracts
Net buy Rs 2668 crore in Nifty Options
Nifty Options Open Int up 6,158 contracts
US Markets :
U.S. stocks fell Wednesday, led by such industrial companies as Caterpillar, Boeing and 3M as investors worried that the weak euro could hurt the profits of companies that do business in the euro zone. The Dow Jones Industrial Average fell 66.58 points, or 0.63%, to 10444.37 and the Nasdaq Composite declined 18.89, or 0.82%, to 2298.37
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.
Wednesday, May 19, 2010
19 May 2010 Closing Market Updates
19 May 2010 Closing Market Updates 15:31
Indian markets tanked on sell off in European markets and global turmoil.On global front, European stocks slid after Germany introduced a ban on making some bets against government bonds and financial institutions, sparking concern that regulation will increase. In addition to the fear factor, U.S. index futures were also trading down by nearly 1%.
Nifty broke important support of 4950 and closed 144.80 points down at 4921.40 after making a low of 4908.15.Sensex closed at 16415.73, losing 460.03 points.
But speaking technically, we feel that market will bounce back from 4870 levels.So if the investors are planning to enter into the markets, consider this as a good opportunity.
All the BSE Sectoral Indices closed into negative.Metal index was the top loser by 4.51%.
Herohonda was the top gainer in Nifty50 stocks, gained 1.09% and closed at 1857 and Idea was the top loser by 7.91% and closed at 52.40.
Market breadth was negative as 167 stocks lost and 1146 stocks gained today on NSE.
Global Markets :
Hang Seng : -365.96
Nikkei : -55.80
FTSE : -127.61
DAX : -168.89
CAC : -101.16
Dow Jones Futures : -97.00
Nasdaq : -21.00
Indian markets tanked on sell off in European markets and global turmoil.On global front, European stocks slid after Germany introduced a ban on making some bets against government bonds and financial institutions, sparking concern that regulation will increase. In addition to the fear factor, U.S. index futures were also trading down by nearly 1%.
Nifty broke important support of 4950 and closed 144.80 points down at 4921.40 after making a low of 4908.15.Sensex closed at 16415.73, losing 460.03 points.
But speaking technically, we feel that market will bounce back from 4870 levels.So if the investors are planning to enter into the markets, consider this as a good opportunity.
All the BSE Sectoral Indices closed into negative.Metal index was the top loser by 4.51%.
Herohonda was the top gainer in Nifty50 stocks, gained 1.09% and closed at 1857 and Idea was the top loser by 7.91% and closed at 52.40.
Market breadth was negative as 167 stocks lost and 1146 stocks gained today on NSE.
Global Markets :
Hang Seng : -365.96
Nikkei : -55.80
FTSE : -127.61
DAX : -168.89
CAC : -101.16
Dow Jones Futures : -97.00
Nasdaq : -21.00
19 May 2010 Morning Market Updates
19 May 2010 Morning Market Updates 08:50
Today market will open gap down as weak global scenario.Nifty has a support at 4950-4970 levels.
F&O cues:
Futures Open Int up Rs 408 crore, Options Open Int up Rs 1244 crore
Nifty futures shed 2 lakh shares in total Open Int
Nifty May futures at 3-point discount
Nifty Open Int PCR at 1.08 versus 1.10
Nifty Puts add 2.8 lakh shares, Nifty Calls add 14 lakh shares in Open Int
Nifty 5000 Put adds 6 lakh shares in Open Int
Nifty 5000 Call adds 2.7 lakh shares in Open Int
Stock futures add 1.2 cr shares in Open Int
FIIs in F&O on May 18
Net buy Rs 457 cr in Nifty futures, Open Int down 46,268 contracts
Net sell Rs 381 cr in Stock futures, Open Int up 10,259 contracts
Net sell Rs 89 cr in Nifty options, Open Int up 9,980 contracts
US Markets :
The drop in U.S. stocks came as the euro fell to a four-year low on continued concerns over whether the bailout plan announced last week will be enough to contain sovereign-debt woes in the euro zone. Helping exacerbate the concerns, Germany's finance ministry said the country would ban naked short-selling of shares in 10 leading German financial institutions and in euro government bonds.Dow Jones closed at 10511 by loosing 115 points and Nasdaq lost 37 points to close at 2317.
Today market will open gap down as weak global scenario.Nifty has a support at 4950-4970 levels.
F&O cues:
Futures Open Int up Rs 408 crore, Options Open Int up Rs 1244 crore
Nifty futures shed 2 lakh shares in total Open Int
Nifty May futures at 3-point discount
Nifty Open Int PCR at 1.08 versus 1.10
Nifty Puts add 2.8 lakh shares, Nifty Calls add 14 lakh shares in Open Int
Nifty 5000 Put adds 6 lakh shares in Open Int
Nifty 5000 Call adds 2.7 lakh shares in Open Int
Stock futures add 1.2 cr shares in Open Int
FIIs in F&O on May 18
Net buy Rs 457 cr in Nifty futures, Open Int down 46,268 contracts
Net sell Rs 381 cr in Stock futures, Open Int up 10,259 contracts
Net sell Rs 89 cr in Nifty options, Open Int up 9,980 contracts
US Markets :
The drop in U.S. stocks came as the euro fell to a four-year low on continued concerns over whether the bailout plan announced last week will be enough to contain sovereign-debt woes in the euro zone. Helping exacerbate the concerns, Germany's finance ministry said the country would ban naked short-selling of shares in 10 leading German financial institutions and in euro government bonds.Dow Jones closed at 10511 by loosing 115 points and Nasdaq lost 37 points to close at 2317.
Tuesday, May 18, 2010
18 May Market Closing
18 May Market Closing :
Market was flat.
Nifty closed 7.50 points up at 5067.40
Sensex closed 44.30 points up at 16879.86
International markets at 1530 hrs
Hang Seng : + 229.74
Nikkei : +6.88
FTSE : +30.09
DAX : +55.20
CAC : +36.89
Market was flat.
Nifty closed 7.50 points up at 5067.40
Sensex closed 44.30 points up at 16879.86
International markets at 1530 hrs
Hang Seng : + 229.74
Nikkei : +6.88
FTSE : +30.09
DAX : +55.20
CAC : +36.89
18 May 2010 Intraday Calls
18 May 2010 Morning Market Updates 08:48
Today market will open flat and the movememnt will be expected after European opening trend.Nifty has a support at 4970-4950 and resistance is at 5050.
Recommendations :
Follow Buy Calls in Positive market bias and v.v.
Buy Bhartiartl Above 269 sl 265 T 274
Buy Gail sl 430 T 441
Buy ITC sl 264 T 271
Buy Jindalstel Around 640-645 sl 637 T 664
Buy Maruti sl 1234 T 1258
Buy Sunpharma sl 1568 T 1604
Buy McDowell-n Above 1241 sl 1220 T 1276
Buy Sesagoa Above 392 sl 384 T 404
Buy Syndibank Above 92 sl 91 T 94
Buy Techm Above 725 sl 712 T 742
Buy Renuka sl 52 T 60 Positional
Buy bajajhind Above 111 sl 107 T 116
Abirlanuvo Bounceback exp
Sell Axisbank Below 1258 sl 1267 T 1231
Sell DLF sl 292 T 280
Sell HDFCBank Below 1914 sl 1928 T 1896
Sell M&M Below 549 sl 554 T 540
Sell Adanient Below 572 sl 580 T 558
Sell Lupin Below 1761 sl 1772 T 1740
Sell Patni Below 558 sl 564 T 548
Stocks in News :
Results Today:
Chennai Petro, Bombay Rayon, ICRA, JK Lakshmi Cement, Bilpower
Tarapur Transformers lists today
ABB CONCALL
No intention to de-list ABB India from exchanges
Looking at acquisition in Indian market,India will be the next export market for ABB
Not talked to LIC & other institution about open offer
GAIL Q4
Sales at Rs.6522cr vs Rs.6128cr ( up 6% YoY)
PAT at Rs.911cr vs Rs.630cr ( up 45% YoY)
Karnataka Bank Q4
NII at Rs.130.5cr vs Rs.96.3cr ( up 36% YoY)
PAT at Rs.74.1cr vs Rs.83.1 ( down 10.8% YoY)
CDMA Operators Association
GSM Cos Attempt To Browbeat Govt On TRAI Report
TRAI Recos Well Balanced, Progressive & Transparent
TRAI Has Accepted More Demands Of GSM Operators Than CDMA
Vicious Attack By GSM Cos Attempt To Force Govt & TRAI
Tata Tele Says
TRAI Order Of Priority On Allocation Needs Correction
First Priority Should Be Given To Co For Initial Spectrum
Spectrum Above Permissible Limits Must Be Withdrawn
No Spectrum Above Permissible Level In Merged Cos
Other stocks and sectors in the news
Godrej Consumer completes acquisition of Megasari Group in Indonesia
SAIL In Initial Talks With Tata Steel To Set Up Steel Plant, To Set Up 2 mt Steel Plant In JV With POSCO In Jharkhand
Fitch Removes Bharti -ve rating Watch; Outlook Stable
Tata Power Offers To Take Up 4 Lakh Rel Infra Customers
DoT may reject TRAI’s 2G pricing recommendation – BS
NTPC to float new order for $4.2bn – Mint
Talwalkars: Reliance Capital Trustee increases stake to 11.45% from 6.35%
Rajan Mittal says: No more room for tariff cuts, consolidation inevitable
F&O cues:
NSE F&O Open Int was up Rs 3284 crore at Rs 1.37 lakh crore
Futures Open Int up Rs 1629 crore
Options Open Int up Rs 1655 crore
Nifty Futures add 18 lakh shares in Open Int
Nifty Futures at 2-point discount
Nifty Open Int PCR at 1.10 versus 1.12
Nifty Puts add 11 lakh shares in Open Int
Nifty Calls add 20 lakh shares in Open Int
Nifty 4900 Put adds 5.8 lakh shares in Open Int
Nifty 4800 Put adds 5.6 lakh shares in Open Int
Nifty 4700 Put adds 5 lakh shares in Open Int
Nifty 5100 Put sheds 10.8 lakh shares in Open Int
Nifty 5200 Put sheds 10 lakh shares in Open Int
Nifty 5100 Call adds 10.7 lakh shares in Open Int
Nifty 5000 Call adds 10.6 lakh shares in Open Int
Stock Futures add 3.2 cr shares in Open Int
FIIs in F&O on May 17
Net sell Rs 1272 crore in Nifty Futures
Nifty Futures Open Int up 51,808 contracts
Net buy Rs 507 crore in Nifty Options
Nifty Options Open Int up 29,694 contracts
Net sell Rs 185 crore in Stock Futures
Stock Futures Open Int up 8,405 contracts
US Markets :
The US stocks erased their losses in the final half-hour of trading as the dollar gave up its gains against the euro after earlier hitting a four-year high. Dow closed flat at 10,626, while the S&P 500 shut shop at 1,137. The Nasdaq closed the session 7 points higher at 2,354.
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.
Today market will open flat and the movememnt will be expected after European opening trend.Nifty has a support at 4970-4950 and resistance is at 5050.
Recommendations :
Follow Buy Calls in Positive market bias and v.v.
Buy Bhartiartl Above 269 sl 265 T 274
Buy Gail sl 430 T 441
Buy ITC sl 264 T 271
Buy Jindalstel Around 640-645 sl 637 T 664
Buy Maruti sl 1234 T 1258
Buy Sunpharma sl 1568 T 1604
Buy McDowell-n Above 1241 sl 1220 T 1276
Buy Sesagoa Above 392 sl 384 T 404
Buy Syndibank Above 92 sl 91 T 94
Buy Techm Above 725 sl 712 T 742
Buy Renuka sl 52 T 60 Positional
Buy bajajhind Above 111 sl 107 T 116
Abirlanuvo Bounceback exp
Sell Axisbank Below 1258 sl 1267 T 1231
Sell DLF sl 292 T 280
Sell HDFCBank Below 1914 sl 1928 T 1896
Sell M&M Below 549 sl 554 T 540
Sell Adanient Below 572 sl 580 T 558
Sell Lupin Below 1761 sl 1772 T 1740
Sell Patni Below 558 sl 564 T 548
Stocks in News :
Results Today:
Chennai Petro, Bombay Rayon, ICRA, JK Lakshmi Cement, Bilpower
Tarapur Transformers lists today
ABB CONCALL
No intention to de-list ABB India from exchanges
Looking at acquisition in Indian market,India will be the next export market for ABB
Not talked to LIC & other institution about open offer
GAIL Q4
Sales at Rs.6522cr vs Rs.6128cr ( up 6% YoY)
PAT at Rs.911cr vs Rs.630cr ( up 45% YoY)
Karnataka Bank Q4
NII at Rs.130.5cr vs Rs.96.3cr ( up 36% YoY)
PAT at Rs.74.1cr vs Rs.83.1 ( down 10.8% YoY)
CDMA Operators Association
GSM Cos Attempt To Browbeat Govt On TRAI Report
TRAI Recos Well Balanced, Progressive & Transparent
TRAI Has Accepted More Demands Of GSM Operators Than CDMA
Vicious Attack By GSM Cos Attempt To Force Govt & TRAI
Tata Tele Says
TRAI Order Of Priority On Allocation Needs Correction
First Priority Should Be Given To Co For Initial Spectrum
Spectrum Above Permissible Limits Must Be Withdrawn
No Spectrum Above Permissible Level In Merged Cos
Other stocks and sectors in the news
Godrej Consumer completes acquisition of Megasari Group in Indonesia
SAIL In Initial Talks With Tata Steel To Set Up Steel Plant, To Set Up 2 mt Steel Plant In JV With POSCO In Jharkhand
Fitch Removes Bharti -ve rating Watch; Outlook Stable
Tata Power Offers To Take Up 4 Lakh Rel Infra Customers
DoT may reject TRAI’s 2G pricing recommendation – BS
NTPC to float new order for $4.2bn – Mint
Talwalkars: Reliance Capital Trustee increases stake to 11.45% from 6.35%
Rajan Mittal says: No more room for tariff cuts, consolidation inevitable
F&O cues:
NSE F&O Open Int was up Rs 3284 crore at Rs 1.37 lakh crore
Futures Open Int up Rs 1629 crore
Options Open Int up Rs 1655 crore
Nifty Futures add 18 lakh shares in Open Int
Nifty Futures at 2-point discount
Nifty Open Int PCR at 1.10 versus 1.12
Nifty Puts add 11 lakh shares in Open Int
Nifty Calls add 20 lakh shares in Open Int
Nifty 4900 Put adds 5.8 lakh shares in Open Int
Nifty 4800 Put adds 5.6 lakh shares in Open Int
Nifty 4700 Put adds 5 lakh shares in Open Int
Nifty 5100 Put sheds 10.8 lakh shares in Open Int
Nifty 5200 Put sheds 10 lakh shares in Open Int
Nifty 5100 Call adds 10.7 lakh shares in Open Int
Nifty 5000 Call adds 10.6 lakh shares in Open Int
Stock Futures add 3.2 cr shares in Open Int
FIIs in F&O on May 17
Net sell Rs 1272 crore in Nifty Futures
Nifty Futures Open Int up 51,808 contracts
Net buy Rs 507 crore in Nifty Options
Nifty Options Open Int up 29,694 contracts
Net sell Rs 185 crore in Stock Futures
Stock Futures Open Int up 8,405 contracts
US Markets :
The US stocks erased their losses in the final half-hour of trading as the dollar gave up its gains against the euro after earlier hitting a four-year high. Dow closed flat at 10,626, while the S&P 500 shut shop at 1,137. The Nasdaq closed the session 7 points higher at 2,354.
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.
Monday, May 17, 2010
17 May 2010 Closing Market Updates
17 May 2010 Closing Market Updates 15:31
Volatile session ended recovering morning gains.Positive European opening and L&T's results.44% jump and Rs.1 Trillion order book pulled the stock by 5.60% to help the Nifty to close at 5056.80 loosing 36.70 points after making an intraday low of 4966.25.Sensex closed at 16829.27 down by 165.33 points.
Among the BSE Sectoral indices, CG Index gained the most by 2.8% while Oil & Gas index was the top loser by 1.85%.
ABB was the top gainer on the exchange.It gained 22.67% and closed at 826.05 while DLF was the top loser on Nifty50.It lost 3.97% to close at 286.70
Overall market breadth was negative as 401 stocks gained and 906 stocks declined today on NSE.
Integrnational Market Updates at 1600 hrs
Hang Seng : -430.23
Nikkei : -226.75
FTSE : +55.16
DAX : +62.37
CAC : +22.89
Volatile session ended recovering morning gains.Positive European opening and L&T's results.44% jump and Rs.1 Trillion order book pulled the stock by 5.60% to help the Nifty to close at 5056.80 loosing 36.70 points after making an intraday low of 4966.25.Sensex closed at 16829.27 down by 165.33 points.
Among the BSE Sectoral indices, CG Index gained the most by 2.8% while Oil & Gas index was the top loser by 1.85%.
ABB was the top gainer on the exchange.It gained 22.67% and closed at 826.05 while DLF was the top loser on Nifty50.It lost 3.97% to close at 286.70
Overall market breadth was negative as 401 stocks gained and 906 stocks declined today on NSE.
Integrnational Market Updates at 1600 hrs
Hang Seng : -430.23
Nikkei : -226.75
FTSE : +55.16
DAX : +62.37
CAC : +22.89
17 May 2010 Intraday Calls
17 May 2010 Morning Market Updates 08:50
Today market will open gap down as global markets are trading weak.Nifty has a support at 5010 and 4970-4950
Breach of 4950 on closing basis, market will be bearish.
Intraday Calls :
Follow Buy Calls in Positive market bias and v.v.
Buy ACC sl 887 Target 905
Buy IDFC Above 167 sl 164 Target 172
Buy ITC sl 266 Target 272
Buy ONGC Above 1050 sl 1042 Target 1059
Buy Relinfra Above 1028 sl 1021 Target 1041
Buy Crompgreav Above 254 sl 251 Target 260/264
Buy HDIL Above 260 sl 254 Target 266/271
Hold Long OFSS Ref.14/05 Trail sl 2114 Target 2141
Sell HDFCBank Below 1950 sl 1965 Target 1932
Sell Hindunilvr sl 237 Target 230
Sell Reliance sl 1056 Target 1025
Sell Colpal sl 735 Target 727
Results Today: Gail India ,Karnataka Bank ,L&T Godrej Prop ,JK Paper ,Mundra Port ,NTPC ,SEL Mfg Company ,Titagarh Wagon,Whirlpool
Board Meet: Mundra Port : Board meet for stock split
RCOM Q4FY10(QoQ)
Revenues: Down 6.3% from Rs 5309 cr to Rs 4974.4 cr
EBIDTA: 30.79% vs 34.14%
Net Profit: Up 10.13% from Rs 1107.7 cr to Rs 1220 cr
DLF Q4
Sales at Rs.1994.4cr vs Rs.1122.3cr ( up 78% YoY, Down 2% QoQ)
Adjusted PAT at Rs.426cr vs Rs.158cr ( up 169% YoY , down 9% QoQ)
Rel Infra Q4
Sales at Rs.2643cr vs Rs.2409.24cr (up 9.7% YoY)
PAT at Rs.251cr vs Rs.346cr ( Down 27% YoY)
Q4'FY09 had tax write back of Rs.71cr vs tax payments of Rs.31cr
Nalco Q4
Sales at Rs.1625.9cr vs Rs.1125.6cr (up 44% YoY)
PAT at Rs.391cr vs Rs.83.02cr (up 370% YoY)
Note : Q4'FY09 numbers were exceptional due to cost overuns & high inventory , but still Q4'FY10 have beat estimates)
Videocon Q4
Sales at Rs.2840cr vs Rs.2214cr (up 28% YoY)
PAT at Rs.149cr vs Rs.72.98cr (up 104% YoY)
RNRL Q4
Sales at Rs.298.3cr vs Rs.270cr (up 9% YoY)
PAT at Rs.90.7cr vs Rs.71.5cr (up 25% YoY)
Oswal Chem Q4
Net Sales At Rs 64 Cr~Vs Rs 38.9 Cr
Net Loss At Rs 7.7 Cr~Vs Net Profit Of Rs 84.1 Lk
Hindustan Copper Q4
Sales at Rs.409.7cr vs Rs.344.7cr (up 19% YoY)
PAT at Rs.91cr vs Rs.4cr (up 2150% YoY)
EBITDA margins at 27.5% vs 1% (yoy)
Shiv Vani Oil Q4
Sales at Rs.299.4cr vs Rs.234cr (up 27.7% YoY)
PAT at Rs.46.7cr vs Rs.30.8cr (up 52% YoY)
Deccan Chronicle Holding Q4
Sales at Rs.191.6cr vs Rs.180.2cr (up 6% YoY)
PAT at Rs.6.5cr vs Rs.8.15cr (down 20.2% YoY)
Prime Focus Q4
Sales at Rs.29.8cr vs Rs.19.54cr (up 52% YoY)
PAT at Rs.7.3cr vs Loss of Rs.5.4cr (YoY)
Berger Paints Q4
Sales at Rs.434cr vs Rs.350cr ( up 24% YoY)
PAT at Rs.28.17cr vs Rs.21.49cr (up 31% YoY)
LML Q4
Sales at Rs.50.2cr vs Rs.40.4cr (up 24% YOY)
Loss of Rs.5.3cr vs Rs.7.3cr
Supreme Infra Q4
Sales at Rs.171.8cr vs Rs.145.2cr ( up 17.9% YoY)
PAT at Rs.11.02cr vs Rs.5.8cr (up 86% YoY)
Monsanto Q4
Net Sales At Rs 28.3 Cr Vs Rs 5.9 Cr
Net Loss At Rs 8.5 Cr Vs Net Loss Of Rs 26.7 Cr
Other stocks and sectors in the news today:
ABB Voluntary Open offer at Rs 900/sh (CMP RS 673) , Parent co aims to up stake to 75% post open offer
Videocon Industries : Board approves fund raising upto Rs.2161cr via Equity Instruments (Rs.1000cr via QIP , Issue Rs.1000cr via ADR or GDR, Rs.161cr via prefrential allotment)
JSPL Drops Plans To Buy Oman's Shaheed Iron & Steel Co
Tulip Telecom : Approves Stock Split in ratio of 5:1
Glenmark : Phase IIb study for Oglemilast (with Forest) in asthma does not meet its primary endpoint
Asian Hotels : Company approves Fund raising for expansion plan
Ramco Systems : Board Meet To Mull Rights Share Issue On May 24
JSW Steel buys 9 US mines for $200-250m
Mukesh Ambani sees crude heading towards $100
Apollo Hospital to hive off retail pharma biz
Usha Martin eyes bigger pie in realty, education sector
Madhucon Projects arm IPO put off for a year
Jindal Power IPO by June end
GMR sets sight on Maldives airport revamp
Essar’s BPO arm Aegis to buy Avaya Global Connect
No single vendor may get more than Rs 30 cr UID project
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.
Today market will open gap down as global markets are trading weak.Nifty has a support at 5010 and 4970-4950
Breach of 4950 on closing basis, market will be bearish.
Intraday Calls :
Follow Buy Calls in Positive market bias and v.v.
Buy ACC sl 887 Target 905
Buy IDFC Above 167 sl 164 Target 172
Buy ITC sl 266 Target 272
Buy ONGC Above 1050 sl 1042 Target 1059
Buy Relinfra Above 1028 sl 1021 Target 1041
Buy Crompgreav Above 254 sl 251 Target 260/264
Buy HDIL Above 260 sl 254 Target 266/271
Hold Long OFSS Ref.14/05 Trail sl 2114 Target 2141
Sell HDFCBank Below 1950 sl 1965 Target 1932
Sell Hindunilvr sl 237 Target 230
Sell Reliance sl 1056 Target 1025
Sell Colpal sl 735 Target 727
Results Today: Gail India ,Karnataka Bank ,L&T Godrej Prop ,JK Paper ,Mundra Port ,NTPC ,SEL Mfg Company ,Titagarh Wagon,Whirlpool
Board Meet: Mundra Port : Board meet for stock split
RCOM Q4FY10(QoQ)
Revenues: Down 6.3% from Rs 5309 cr to Rs 4974.4 cr
EBIDTA: 30.79% vs 34.14%
Net Profit: Up 10.13% from Rs 1107.7 cr to Rs 1220 cr
DLF Q4
Sales at Rs.1994.4cr vs Rs.1122.3cr ( up 78% YoY, Down 2% QoQ)
Adjusted PAT at Rs.426cr vs Rs.158cr ( up 169% YoY , down 9% QoQ)
Rel Infra Q4
Sales at Rs.2643cr vs Rs.2409.24cr (up 9.7% YoY)
PAT at Rs.251cr vs Rs.346cr ( Down 27% YoY)
Q4'FY09 had tax write back of Rs.71cr vs tax payments of Rs.31cr
Nalco Q4
Sales at Rs.1625.9cr vs Rs.1125.6cr (up 44% YoY)
PAT at Rs.391cr vs Rs.83.02cr (up 370% YoY)
Note : Q4'FY09 numbers were exceptional due to cost overuns & high inventory , but still Q4'FY10 have beat estimates)
Videocon Q4
Sales at Rs.2840cr vs Rs.2214cr (up 28% YoY)
PAT at Rs.149cr vs Rs.72.98cr (up 104% YoY)
RNRL Q4
Sales at Rs.298.3cr vs Rs.270cr (up 9% YoY)
PAT at Rs.90.7cr vs Rs.71.5cr (up 25% YoY)
Oswal Chem Q4
Net Sales At Rs 64 Cr~Vs Rs 38.9 Cr
Net Loss At Rs 7.7 Cr~Vs Net Profit Of Rs 84.1 Lk
Hindustan Copper Q4
Sales at Rs.409.7cr vs Rs.344.7cr (up 19% YoY)
PAT at Rs.91cr vs Rs.4cr (up 2150% YoY)
EBITDA margins at 27.5% vs 1% (yoy)
Shiv Vani Oil Q4
Sales at Rs.299.4cr vs Rs.234cr (up 27.7% YoY)
PAT at Rs.46.7cr vs Rs.30.8cr (up 52% YoY)
Deccan Chronicle Holding Q4
Sales at Rs.191.6cr vs Rs.180.2cr (up 6% YoY)
PAT at Rs.6.5cr vs Rs.8.15cr (down 20.2% YoY)
Prime Focus Q4
Sales at Rs.29.8cr vs Rs.19.54cr (up 52% YoY)
PAT at Rs.7.3cr vs Loss of Rs.5.4cr (YoY)
Berger Paints Q4
Sales at Rs.434cr vs Rs.350cr ( up 24% YoY)
PAT at Rs.28.17cr vs Rs.21.49cr (up 31% YoY)
LML Q4
Sales at Rs.50.2cr vs Rs.40.4cr (up 24% YOY)
Loss of Rs.5.3cr vs Rs.7.3cr
Supreme Infra Q4
Sales at Rs.171.8cr vs Rs.145.2cr ( up 17.9% YoY)
PAT at Rs.11.02cr vs Rs.5.8cr (up 86% YoY)
Monsanto Q4
Net Sales At Rs 28.3 Cr Vs Rs 5.9 Cr
Net Loss At Rs 8.5 Cr Vs Net Loss Of Rs 26.7 Cr
Other stocks and sectors in the news today:
ABB Voluntary Open offer at Rs 900/sh (CMP RS 673) , Parent co aims to up stake to 75% post open offer
Videocon Industries : Board approves fund raising upto Rs.2161cr via Equity Instruments (Rs.1000cr via QIP , Issue Rs.1000cr via ADR or GDR, Rs.161cr via prefrential allotment)
JSPL Drops Plans To Buy Oman's Shaheed Iron & Steel Co
Tulip Telecom : Approves Stock Split in ratio of 5:1
Glenmark : Phase IIb study for Oglemilast (with Forest) in asthma does not meet its primary endpoint
Asian Hotels : Company approves Fund raising for expansion plan
Ramco Systems : Board Meet To Mull Rights Share Issue On May 24
JSW Steel buys 9 US mines for $200-250m
Mukesh Ambani sees crude heading towards $100
Apollo Hospital to hive off retail pharma biz
Usha Martin eyes bigger pie in realty, education sector
Madhucon Projects arm IPO put off for a year
Jindal Power IPO by June end
GMR sets sight on Maldives airport revamp
Essar’s BPO arm Aegis to buy Avaya Global Connect
No single vendor may get more than Rs 30 cr UID project
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.
Friday, May 14, 2010
14 May 2010 Closing Market Updates
14 May 2010 Closing Market Updates 15:30
Today volatile market ended in negative as Global markets declined.Spain index plunged by 4% followed by CAC which lost by nearly 3%.The euro fell below 1.25 dollars recording a new 14-month low on concerns about the eurozone financial crisis.
Nifty closed near its day low 5079.85, down by 99.05 pointsafter making an intraday high of 5192.75.Sensex closed 322.53 points down and closed at 16943.34
Among the BSE Sectoral indices, HC index was the only gainer by 0.11%. Metal index was the top loser by 3.62%
Idea was the top gainer in Nifty50 stocks.It gained 3.43% and closed at 57.30 whereas Tatasteel declined the most by 4.89% and closed at 547.
Advance/Decline ratio was negative by 4:1 as 1048 stocks declined and 256 stocks gained today on NSE.
Global Markets Updates :
Hang Seng : -277.03
Nikkei : - 158.04
FTSE : - 99.85
DAX : -89.03
CAC : -97.99
Today volatile market ended in negative as Global markets declined.Spain index plunged by 4% followed by CAC which lost by nearly 3%.The euro fell below 1.25 dollars recording a new 14-month low on concerns about the eurozone financial crisis.
Nifty closed near its day low 5079.85, down by 99.05 pointsafter making an intraday high of 5192.75.Sensex closed 322.53 points down and closed at 16943.34
Among the BSE Sectoral indices, HC index was the only gainer by 0.11%. Metal index was the top loser by 3.62%
Idea was the top gainer in Nifty50 stocks.It gained 3.43% and closed at 57.30 whereas Tatasteel declined the most by 4.89% and closed at 547.
Advance/Decline ratio was negative by 4:1 as 1048 stocks declined and 256 stocks gained today on NSE.
Global Markets Updates :
Hang Seng : -277.03
Nikkei : - 158.04
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14 May 2010 Intraday Calls
14 May 2010 Morning Market Updates 08:49
Today market will open negative as global indices are trading weak.Nifty immediate support level is 5160-5165 and 5110.Stock specific rally expected.
Recommendations :
Buy Grasim sl 2610 Target 2663
Buy IDFC sl 164 Target 171
Buy Sunpharma sl 1560 Target 1608
Buy Mundraport sl 724 Target 773
Buy Nifty Above 5210 sl 5160 Target 5241 / 5272
Buy Acc Above 895 sl 885 Target 911
Buy Cairn Above 305 sl 301 Target 312
Buy DLF Above 308 sl 304 Target 312 / 315
Buy ICICIBank Above 934 sl 922 Target 947
Buy Infosystch Above 2712 sl 2695 Target 2751
Buy JPAssociat Above 135 sl 134 Target 139
Buy LT Above 1582 sl 1569 Target 1602
Buy Maruti Above 1287 sl 1275 Target 1305
Buy HDIL Above 260 sl 254 Target 270
Buy OFSS Above 2120 sl 2100 Target 2140
Buy Apil Above 597 sl 590 Target 605
Sell HDFCBank Below 1949 sl 1966 Target 1928
Sell Herohonda Below 1887 sl 1902 Target 1863
Sell Bankbaroda Below 691 sl 702 Target 678
Sell Colpal Below 734 sl 740 Target 726
Stocks in News :
Results Today: DLF, SBI, Nalco, Adani Enterprise, Asahi India, Bhushan Steel, Deccan Chronicles, Electrosteel Cast, Euro Ceramics, Federal Bank, Hindustan Cop, ICI India, Mcnally Bharat, Kirloskar Oil, Shiv Vani Oil, Sujana Towers, Videocon Inds, TRF, Tanla Solutions
Results tomorrow: Reliance Comm, Reliance Infrastructure, Reliance Power, RNRL ((almost entire ADAG pack))
Aban Offshore update
-Aban Pearl sinks in Caribbean
-Aban Pearl was Aban’s only semi-sub and a significant revenue generator
-FY11 revenue loss of USD 120 million likely
Idea on TRAI recommendations
-Do not advance objectives of govt expert committee report
-Telecom sector deserves new deal
-Telecom sector showing signs of crony capitalism
ISMA - CNBC-TV18 exclusive
-ISMA meeting held at New Delhi yesterday
-Discussion on import duty between 20-60% on white sugar
-Likelihood of no import duty on raw sugar
-Final call to be taken by cabinet in around 3 weeks
Tata Power notifies state govt on Mumbai power distribution issue
Tata Power to Maharashtra Govt
-Does not accept the order of Maharashtra Govt Committee
-To honour 100 MW PPA with BEST and 160 MW with TPC – D
-To provide only 200 MW to Reliance Infrastructure till June 30
Reliance Infrastructure Says
-TPC's offer of Rs 5.90/unit for suburban consumer vidicates our stand
-Tata Power want to profiteer at the expense of Mumbai consumer
MTNL Q4 (cr -crore, vs - versus)
-Net sales at Rs 848.3 cr vs Rs 902.2 cr (QoQ)
-Net loss at Rs 1,573.7 cr vs net loss of Rs 894.9 cr (QoQ)
Gammon India Q4
-Net sales at Rs 1,667.7 cr vs Rs 1,905.8 cr (YoY)
-Net profit at Rs 54.7 cr vs Rs 72.6 cr (YoY)
Parsvnath update
-IT Dept initiated search action against Parsvnath: Srcs
-Search operation ongoing at multiple locations: Srcs
-Locations include office & residential premises: srcs
-Search conducted on allegations of tax evasion: srcs
Other stocks and sectors that are in news today:
-HSBC InvestDirect promoters accept delisting price of Rs 400/share
-Drug majors may get easier access to Japan’s USD 60 million market, Tokyo likely to offer “national treatment” to Indian generic firms – BL
-Shree Salasar open offer at Rs 15/sh
-Viacom Media 18 set to launch Bollywood channel – Mint
-Tech companies Infosys, Mahnindra Satyam and Cognizant in race for USD 250 million UK deal
-HDFC extends teaser loan rates till June 30
F&O cues:
- NSE F&O Open Interest was up by Rs 3516 crore at Rs 1.28 lakh crore.
- Nifty Futures Open Interest up by Rs 789 crore
- Nifty Options Open Interest up by Rs 2727 crore
- Nifty Futures added 8 lakh shares in Open Interest
- Nifty Futures ended at 6-point discount
- Nifty Open Interest PCR at 1.19 versus 1.13
- Nifty Puts added 42 lakh shares in Open Interest
- Nifty Calls added 9 lakh shares in Open Interest (OI)
- Nifty 5000 Put added 14 lakh shares in Open Interest
- Nifty 5100 Put added 6.5 lakh shares in Open Interest
- Nifty 5200 Call added 3.7 lakh shares in Open Interest
US Markets :
U.S. stocks fell Thursday, led by the consumer-discretionary sector as earnings guidance and results from retailers Kohl's and Urban Outfitters disappointed. In addition, a forecast from Cisco Systems failed to improve investor sentiment toward technology.
The Dow Jones Industrial Average fell 113.96 points, or 1.05%, to 10782.95,while Nasdaq Composite fell 30.66, or 1.26%, to 2394.36
Today market will open negative as global indices are trading weak.Nifty immediate support level is 5160-5165 and 5110.Stock specific rally expected.
Recommendations :
Buy Grasim sl 2610 Target 2663
Buy IDFC sl 164 Target 171
Buy Sunpharma sl 1560 Target 1608
Buy Mundraport sl 724 Target 773
Buy Nifty Above 5210 sl 5160 Target 5241 / 5272
Buy Acc Above 895 sl 885 Target 911
Buy Cairn Above 305 sl 301 Target 312
Buy DLF Above 308 sl 304 Target 312 / 315
Buy ICICIBank Above 934 sl 922 Target 947
Buy Infosystch Above 2712 sl 2695 Target 2751
Buy JPAssociat Above 135 sl 134 Target 139
Buy LT Above 1582 sl 1569 Target 1602
Buy Maruti Above 1287 sl 1275 Target 1305
Buy HDIL Above 260 sl 254 Target 270
Buy OFSS Above 2120 sl 2100 Target 2140
Buy Apil Above 597 sl 590 Target 605
Sell HDFCBank Below 1949 sl 1966 Target 1928
Sell Herohonda Below 1887 sl 1902 Target 1863
Sell Bankbaroda Below 691 sl 702 Target 678
Sell Colpal Below 734 sl 740 Target 726
Stocks in News :
Results Today: DLF, SBI, Nalco, Adani Enterprise, Asahi India, Bhushan Steel, Deccan Chronicles, Electrosteel Cast, Euro Ceramics, Federal Bank, Hindustan Cop, ICI India, Mcnally Bharat, Kirloskar Oil, Shiv Vani Oil, Sujana Towers, Videocon Inds, TRF, Tanla Solutions
Results tomorrow: Reliance Comm, Reliance Infrastructure, Reliance Power, RNRL ((almost entire ADAG pack))
Aban Offshore update
-Aban Pearl sinks in Caribbean
-Aban Pearl was Aban’s only semi-sub and a significant revenue generator
-FY11 revenue loss of USD 120 million likely
Idea on TRAI recommendations
-Do not advance objectives of govt expert committee report
-Telecom sector deserves new deal
-Telecom sector showing signs of crony capitalism
ISMA - CNBC-TV18 exclusive
-ISMA meeting held at New Delhi yesterday
-Discussion on import duty between 20-60% on white sugar
-Likelihood of no import duty on raw sugar
-Final call to be taken by cabinet in around 3 weeks
Tata Power notifies state govt on Mumbai power distribution issue
Tata Power to Maharashtra Govt
-Does not accept the order of Maharashtra Govt Committee
-To honour 100 MW PPA with BEST and 160 MW with TPC – D
-To provide only 200 MW to Reliance Infrastructure till June 30
Reliance Infrastructure Says
-TPC's offer of Rs 5.90/unit for suburban consumer vidicates our stand
-Tata Power want to profiteer at the expense of Mumbai consumer
MTNL Q4 (cr -crore, vs - versus)
-Net sales at Rs 848.3 cr vs Rs 902.2 cr (QoQ)
-Net loss at Rs 1,573.7 cr vs net loss of Rs 894.9 cr (QoQ)
Gammon India Q4
-Net sales at Rs 1,667.7 cr vs Rs 1,905.8 cr (YoY)
-Net profit at Rs 54.7 cr vs Rs 72.6 cr (YoY)
Parsvnath update
-IT Dept initiated search action against Parsvnath: Srcs
-Search operation ongoing at multiple locations: Srcs
-Locations include office & residential premises: srcs
-Search conducted on allegations of tax evasion: srcs
Other stocks and sectors that are in news today:
-HSBC InvestDirect promoters accept delisting price of Rs 400/share
-Drug majors may get easier access to Japan’s USD 60 million market, Tokyo likely to offer “national treatment” to Indian generic firms – BL
-Shree Salasar open offer at Rs 15/sh
-Viacom Media 18 set to launch Bollywood channel – Mint
-Tech companies Infosys, Mahnindra Satyam and Cognizant in race for USD 250 million UK deal
-HDFC extends teaser loan rates till June 30
F&O cues:
- NSE F&O Open Interest was up by Rs 3516 crore at Rs 1.28 lakh crore.
- Nifty Futures Open Interest up by Rs 789 crore
- Nifty Options Open Interest up by Rs 2727 crore
- Nifty Futures added 8 lakh shares in Open Interest
- Nifty Futures ended at 6-point discount
- Nifty Open Interest PCR at 1.19 versus 1.13
- Nifty Puts added 42 lakh shares in Open Interest
- Nifty Calls added 9 lakh shares in Open Interest (OI)
- Nifty 5000 Put added 14 lakh shares in Open Interest
- Nifty 5100 Put added 6.5 lakh shares in Open Interest
- Nifty 5200 Call added 3.7 lakh shares in Open Interest
US Markets :
U.S. stocks fell Thursday, led by the consumer-discretionary sector as earnings guidance and results from retailers Kohl's and Urban Outfitters disappointed. In addition, a forecast from Cisco Systems failed to improve investor sentiment toward technology.
The Dow Jones Industrial Average fell 113.96 points, or 1.05%, to 10782.95,while Nasdaq Composite fell 30.66, or 1.26%, to 2394.36
Thursday, May 13, 2010
13 May 2010 Morning Market Updates
13 May 2010 Morning Market Updates 08:45
Market will open on higher side as Global cues are positive.
Nifty will open above 5165 level.Immediate resistance for Nifty is at 5210 whereas support is at 5145.
Stocks in News :
Results Today - Crompton Greaves, Educomp Solutions, Gammon India, MTNL, Morepen Lab, Koutons Retail, Kewal Kiran, Tata Coffee, Amrutanjan Health
Kingfisher Airlines - Sources
-Kingfisher Airlines undertakes realignment & restructuring of debt
-SBI Caps given mandate to prepare restructuring package
-Total debt under restructuring spread across 15 banks
-SBI has Rs 1,100 crore exposure to KFA
-Wants to defer repayment of loans falling due this fiscal
-Looking at options like hiking tenure of capex loans
-Will go for GDR issue after realignment of debt
-SBI Caps expected to submit report in approximately 1 month
-Looking at realigning debt of Rs 1500 crore
-Not seeking any concessions from banks
HCC -
-HCC likely to demerge internal technology operations into separate IT arm
-IT arm likely to deal with ERP solutions for infrastructure sector
-Internal technology operations contribute to 2% of overall revenues
-Announcement likely today
Tilaknagar - VCCircle exclusive:
-Tilaknagar to buy Liquors India Distillery
-Tilaknagar may also tap market to raise Rs.100 crore
-Tilaknagar exploring PE/VC and MF route for fund raising
-VCCircle alert: Tilaknagar is makers of Mansion House Brandy
Other stocks and sectors that are in news today:
-Nitesh Estates lists today
-Mercator Lines : acquired a vessel for approximately Rs 175 crore ,Vessel to bring revenues of Rs 120 crore over next 3 years (( Acquired via Singaporesubsidiary ))
-Magma Finance: Approves allotment of 40.6 lakh shares to QIBs
-Elecon Engineering: bags an order worth Rs 208.5 crore
-GoodYear India delisting floor price at Rs 245/sh, offer opens on May 28 and closes on June 3
-Godrej to buy out Sara Lee for USD 234 million.
-Kotak in talks to acquire CitiFinancial.
-Reliance Power considering shifting to AP from Dadri following the SC ruling – (Anil Ambani meets PM to present case)
-Ranbaxy to sell stake in Ex-group cos, including its 14% stake in Orchid Chem
-SEBI challenges SAT order on takeover code.
Mahindra Forgings Q4: (cr - crore, vs - versus)
-Net loss at Rs 34 lakh vs Rs 20.7 cr (YoY)
-Net sales at Rs 83.5 cr vs Rs 59.9 cr (YoY)
Thermax Q4:
-Net loss at Rs 15.7 cr vs net profit of Rs 94.3 cr (YoY)
-Net sales at Rs 1,171 cr vs Rs 924 cr (YoY)
MRPL Q4:
-Net profit at Rs 253 cr vs Rs 608 cr (YoY)
-Net sales at Rs 8,700 cr vs Rs 6,535 cr (YoY)
Bajaj Holdings & Invst Q4:
-Cons net sales at Rs 69.7 cr vs Rs 37.1 cr (YoY)
-Cons net profit at Rs 384.2 cr vs Rs 86.2 cr (YoY)
Rohit Ferro Tech Q4
-Sales at Rs 207.66 cr vs Rs 166.29 cr
-PAT at Rs 14.24 cr vs loss of Rs 86 lakh
F&O cues:US Markets Updates :
- NSE F&O Open Interest was up by Rs 3516 crore at Rs 1.28 lakh crore.
- Nifty Futures Open Interest up by Rs 789 crore
- Nifty Options Open Interest up by Rs 2727 crore
- Nifty Futures added 8 lakh shares in Open Interest
- Nifty Futures ended at 6-point discount
- Nifty Open Interest PCR at 1.19 versus 1.13
- Nifty Puts added 42 lakh shares in Open Interest
- Nifty Calls added 9 lakh shares in Open Interest (OI)
- Nifty 5000 Put added 14 lakh shares in Open Interest
- Nifty 5100 Put added 6.5 lakh shares in Open Interest
- Nifty 5200 Call added 3.7 lakh shares in Open Interest
FIIs in F&O
- FIIs net buy Rs 505 crore in Nifty Futures
- Nifty Futures Open Interest up 37,022 contracts
- FIIs net buy Rs 724 crore in Nifty Options
- Nifty Options Open Interest up 45,222 contracts
US markets closed on higher side as Spain promised tough austerity measures. Technology stocks rallied after some encouraging reports from Intel and IBM. IBM said that it expects to earn at least USD 20 a share by 2015.
Intel too said that it expects to double its earnings growth in the next few years and raised its margin outlook.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, dropped 10% to around 25, after topping 40 last week.The dollar rose against the euro after recovering from early losses as worries about euro zone growth outweighed new Spanish spending cuts and a successful bond sale in Portugal.
The Dow Jones Industrial Average closed at 10,896.91, up 148.65 points or 1.38%. The tech-heavy Nasdaq Composite ended at 2,425.02, up 49.71 points or 2.09% and S&P 500 Index rose 15.88 points or 1.37% to 1,171.67.
Market will open on higher side as Global cues are positive.
Nifty will open above 5165 level.Immediate resistance for Nifty is at 5210 whereas support is at 5145.
Stocks in News :
Results Today - Crompton Greaves, Educomp Solutions, Gammon India, MTNL, Morepen Lab, Koutons Retail, Kewal Kiran, Tata Coffee, Amrutanjan Health
Kingfisher Airlines - Sources
-Kingfisher Airlines undertakes realignment & restructuring of debt
-SBI Caps given mandate to prepare restructuring package
-Total debt under restructuring spread across 15 banks
-SBI has Rs 1,100 crore exposure to KFA
-Wants to defer repayment of loans falling due this fiscal
-Looking at options like hiking tenure of capex loans
-Will go for GDR issue after realignment of debt
-SBI Caps expected to submit report in approximately 1 month
-Looking at realigning debt of Rs 1500 crore
-Not seeking any concessions from banks
HCC -
-HCC likely to demerge internal technology operations into separate IT arm
-IT arm likely to deal with ERP solutions for infrastructure sector
-Internal technology operations contribute to 2% of overall revenues
-Announcement likely today
Tilaknagar - VCCircle exclusive:
-Tilaknagar to buy Liquors India Distillery
-Tilaknagar may also tap market to raise Rs.100 crore
-Tilaknagar exploring PE/VC and MF route for fund raising
-VCCircle alert: Tilaknagar is makers of Mansion House Brandy
Other stocks and sectors that are in news today:
-Nitesh Estates lists today
-Mercator Lines : acquired a vessel for approximately Rs 175 crore ,Vessel to bring revenues of Rs 120 crore over next 3 years (( Acquired via Singaporesubsidiary ))
-Magma Finance: Approves allotment of 40.6 lakh shares to QIBs
-Elecon Engineering: bags an order worth Rs 208.5 crore
-GoodYear India delisting floor price at Rs 245/sh, offer opens on May 28 and closes on June 3
-Godrej to buy out Sara Lee for USD 234 million.
-Kotak in talks to acquire CitiFinancial.
-Reliance Power considering shifting to AP from Dadri following the SC ruling – (Anil Ambani meets PM to present case)
-Ranbaxy to sell stake in Ex-group cos, including its 14% stake in Orchid Chem
-SEBI challenges SAT order on takeover code.
Mahindra Forgings Q4: (cr - crore, vs - versus)
-Net loss at Rs 34 lakh vs Rs 20.7 cr (YoY)
-Net sales at Rs 83.5 cr vs Rs 59.9 cr (YoY)
Thermax Q4:
-Net loss at Rs 15.7 cr vs net profit of Rs 94.3 cr (YoY)
-Net sales at Rs 1,171 cr vs Rs 924 cr (YoY)
MRPL Q4:
-Net profit at Rs 253 cr vs Rs 608 cr (YoY)
-Net sales at Rs 8,700 cr vs Rs 6,535 cr (YoY)
Bajaj Holdings & Invst Q4:
-Cons net sales at Rs 69.7 cr vs Rs 37.1 cr (YoY)
-Cons net profit at Rs 384.2 cr vs Rs 86.2 cr (YoY)
Rohit Ferro Tech Q4
-Sales at Rs 207.66 cr vs Rs 166.29 cr
-PAT at Rs 14.24 cr vs loss of Rs 86 lakh
F&O cues:US Markets Updates :
- NSE F&O Open Interest was up by Rs 3516 crore at Rs 1.28 lakh crore.
- Nifty Futures Open Interest up by Rs 789 crore
- Nifty Options Open Interest up by Rs 2727 crore
- Nifty Futures added 8 lakh shares in Open Interest
- Nifty Futures ended at 6-point discount
- Nifty Open Interest PCR at 1.19 versus 1.13
- Nifty Puts added 42 lakh shares in Open Interest
- Nifty Calls added 9 lakh shares in Open Interest (OI)
- Nifty 5000 Put added 14 lakh shares in Open Interest
- Nifty 5100 Put added 6.5 lakh shares in Open Interest
- Nifty 5200 Call added 3.7 lakh shares in Open Interest
FIIs in F&O
- FIIs net buy Rs 505 crore in Nifty Futures
- Nifty Futures Open Interest up 37,022 contracts
- FIIs net buy Rs 724 crore in Nifty Options
- Nifty Options Open Interest up 45,222 contracts
US markets closed on higher side as Spain promised tough austerity measures. Technology stocks rallied after some encouraging reports from Intel and IBM. IBM said that it expects to earn at least USD 20 a share by 2015.
Intel too said that it expects to double its earnings growth in the next few years and raised its margin outlook.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, dropped 10% to around 25, after topping 40 last week.The dollar rose against the euro after recovering from early losses as worries about euro zone growth outweighed new Spanish spending cuts and a successful bond sale in Portugal.
The Dow Jones Industrial Average closed at 10,896.91, up 148.65 points or 1.38%. The tech-heavy Nasdaq Composite ended at 2,425.02, up 49.71 points or 2.09% and S&P 500 Index rose 15.88 points or 1.37% to 1,171.67.
Wednesday, May 12, 2010
12 May 2010 Closing Market Updates
12 May 2010 Closing Market Updates 15:31
At the opening, market was trading weak as IIP data was expected.
The industrial productivity number for March has come in at 13.5% as compared to 15.1% month-on-month, reports CNBC-TV18. For FY10, the Index of Industrial Productivity stood at 10.4% as against 2.8%.
After that market plunged, Nifty made a day low of 5098 and again closed positive at 5154 gaining 17.85 points as CAC and DAX were trading positive.Sensex closed at 17180.11 with 38.58 points of gain.
Among the BSE Sectoral Indices, HC index was the top gainer by 1.57% and Teck index was the lead loser by 0.60%
Kotak bank was the top gainer in Nifty50 stocks and closed 2.97% higher at 768.50 while Bharti Airtel was the top loser by 7.97% and closed at 262.
Today 516 stocks gained whereas 778 stocks declined on NSE.
Something about 2G :
TRAI’s 2G recommendations ‘shocking’: Bharti
The country’s largest wireless operator by subscribers Bharti Airtel has come out strongly against the recommendations of Telecom Regulatory Authority of India (TRAI) for 2G pricing, saying that the suggestions are shocking, arbitrary, and retrograde.
In far reaching recommendations, which can reshape the telecom sector, telecom regulator, TRAI on Wednesday recommended pricing of 2G spectrum along the lines of faster 3G services and tweaked the merger norms between firms. Bharti said TRAI’s recommendations overturn all existing policies for the last 15 years and are against global norms. The recommendations are designed to punish efficient and performing companies, it said, and tailor made to favour select operators.
Telecom biggies like Bharti Airtel or global major Vodafone may soon have to fork out huge sums of money for the spectrum they are using. The telecom regulator has recommended pegging the price of existing spectrum to 3G spectrum prices. According to its formula, spectrum beyond 6.2 MHz in GSM and 5 MHz in CDMA will be priced. Spectrum in the 1800 MHz band will cost the same as 3G, while spectrum in the 900 MHz band will cost 1.5 times the price of 3G. There will be a cap of 8 MHz of spectrum per operator. In Delhi and Mumbai the cap will be 10 MHz.
Also, the existing operators will need to pay onetime fee. For spectrum between 6.2 to 8 MHz the fee will be equal to 3G prices and for spectrum above 8 MHz the price will be 1.3 times the price of 3G. Clearly operators are not happy, as they feel that high prices of 2G and 3G spectrum could impact tariffs and their balance sheets.
March IIP :
Capital goods saw muted growth of 27.4% versus 44.4% in February. It was a similar story for the manufacturing and mining sector. Both sectors grew at 14.3% (16%) and 11% (12.2%), respectively.
Consumer durables stole the limelight with a 32% growth as against 29.9% in February. It was a 10.1% (8.4%) growth for basic goods, while electricity sector saw a 7.7% (6.7%) growth.
At the opening, market was trading weak as IIP data was expected.
The industrial productivity number for March has come in at 13.5% as compared to 15.1% month-on-month, reports CNBC-TV18. For FY10, the Index of Industrial Productivity stood at 10.4% as against 2.8%.
After that market plunged, Nifty made a day low of 5098 and again closed positive at 5154 gaining 17.85 points as CAC and DAX were trading positive.Sensex closed at 17180.11 with 38.58 points of gain.
Among the BSE Sectoral Indices, HC index was the top gainer by 1.57% and Teck index was the lead loser by 0.60%
Kotak bank was the top gainer in Nifty50 stocks and closed 2.97% higher at 768.50 while Bharti Airtel was the top loser by 7.97% and closed at 262.
Today 516 stocks gained whereas 778 stocks declined on NSE.
Something about 2G :
TRAI’s 2G recommendations ‘shocking’: Bharti
The country’s largest wireless operator by subscribers Bharti Airtel has come out strongly against the recommendations of Telecom Regulatory Authority of India (TRAI) for 2G pricing, saying that the suggestions are shocking, arbitrary, and retrograde.
In far reaching recommendations, which can reshape the telecom sector, telecom regulator, TRAI on Wednesday recommended pricing of 2G spectrum along the lines of faster 3G services and tweaked the merger norms between firms. Bharti said TRAI’s recommendations overturn all existing policies for the last 15 years and are against global norms. The recommendations are designed to punish efficient and performing companies, it said, and tailor made to favour select operators.
Telecom biggies like Bharti Airtel or global major Vodafone may soon have to fork out huge sums of money for the spectrum they are using. The telecom regulator has recommended pegging the price of existing spectrum to 3G spectrum prices. According to its formula, spectrum beyond 6.2 MHz in GSM and 5 MHz in CDMA will be priced. Spectrum in the 1800 MHz band will cost the same as 3G, while spectrum in the 900 MHz band will cost 1.5 times the price of 3G. There will be a cap of 8 MHz of spectrum per operator. In Delhi and Mumbai the cap will be 10 MHz.
Also, the existing operators will need to pay onetime fee. For spectrum between 6.2 to 8 MHz the fee will be equal to 3G prices and for spectrum above 8 MHz the price will be 1.3 times the price of 3G. Clearly operators are not happy, as they feel that high prices of 2G and 3G spectrum could impact tariffs and their balance sheets.
March IIP :
Capital goods saw muted growth of 27.4% versus 44.4% in February. It was a similar story for the manufacturing and mining sector. Both sectors grew at 14.3% (16%) and 11% (12.2%), respectively.
Consumer durables stole the limelight with a 32% growth as against 29.9% in February. It was a 10.1% (8.4%) growth for basic goods, while electricity sector saw a 7.7% (6.7%) growth.
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