06 May 2010 Intraday Calls

 06 May 2010 Morning Market Updates  08:50


Intraday Calls :
Buy Bhartiartl Above 300 sl 295 Target 307
Buy Kotakbank sl 739 Target 758
Buy Ranbaxy Above 448 sl 443 Target 457
Buy Maruti sl 1270 Target 1300
Buy Andhrabank sl 133 Target 140
Buy Crompgreav At declines sl 255 Target 263
Sell Jindalstel sl 702 Target 677
Sell Relinfra sl 1062 Target 1046
Sell Sesagoa On Rise sl 413 Target 380 Positional
Sell Unionbank Below 296 sl 301 Target 287
Sell LICHSGFIN sl 963 Target 932
Sell SBIN sl 2287 Target 2258
Sell Unionbank Below 293 sl 299 Target 286 / 282
Stocks in News :
Indian ADRs:
Sterlite, ICICI Bank down 7%, Tata Motors down 5%
Results Today:
Allcargo Global , Brigade Enterprise , DCM Shriram Cons , Elder pharma, JB Chemicals ,Lupin ,NIIT Tech ,Prism Cement ,Tamilnadu Petro ,United Brew ,TCI Finance,Lupin, Mid-Day
Ashok Leyland
Apr Total Sales At 6,500 Units Vs 1,750 Units (YoY)
April Exports At 510 Units Vs 135 Units (YoY)
Cognizant Q1
Net Profit up 5.2% At~$151.5 m (QoQ)
Revenue up 6.3% At~$959.7 m (QoQ)
Net Employee Additions At~7,100
Syndicate Bank Q4
NII at Rs.859cr vs Rs.546cr ( up 57% YoY)
PAT at Rs.168cr vs Rs.206cr ( Down 18% YoY)
Effective Tax rate at 41% vs 11.5%
WABCO TVS (India) Q4
Sales at Rs.191cr vs Rs.70.4cr ( up 171% YoY)
PAT at Rs.27.2cr vs Loss of Rs.79Lakhs
Orient Paper Q4
Sales at Rs.547.9cr vs Rs.466cr (YoY)
PAT at Rs.54.8cr vs Rs.54.5cr (YoY)
HMT Q4
Sales at Rs.59.5cr vs Rs.51.5cr (YoY)
Loss at Rs.12.4cr vs Rs.25.04cr (YoY)
Other stocks and sectors in the news
Mahindra Satyam signs up deal with BASF IT services;
Adani Enterprise Board has decided to raise funds not exceeding Rs4000cr via equity linked instruments
HCL Tech seals $500m Merck pact
Govt mulls sugar decontrol – BS
Govt extends emission norms for 2-wheelers– BS
Expect 8 PSU Issues To Hit Markets In FY11
SCI, MMTC, Power Grid Issues Expected In FY11
EIL FPO To Hit Mkts In June, Coal India IPO In July
Hindustan Copper FPO In August, SAIL FPO In September
Decision On Indian Oil FPO Later This Year
Govt On Track For Rs 40,000 Cr Disinvestment Mop-up
U.S. stocks fell Wednesday, extending Tuesday's slide as a downgrade warning on Portugal and riots in Greece highlighted the worries over euro-zone debt. Fears of the crisis continuing to escalate sent investors out of riskier assets including stocks, with Walt Disney, American Express and General Electric among the more significant decliners. The Nasdaq closed down by 21.96 points at 2402.29 and the Dow Jones Industrial Average fell 59.94 points, or 0.54%, to 10866.83, its lowest close since March 31.

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