30th July 2010 Closing Market Updates

30th July 2010 Closing Market Updates  15:32

Today market closed with negative bias.It opened in negative and traded in negative territory for the whole day.Nifty closed at 5367.60 at the edge of the technical support level of 5370 with 41.30 points down while Sensex closed at 17868.29 with 123.71 points down.

All BSE Sectoral Indices closed into negative.Realty Index was the top loser by 1.40%.

HCL Tech was the top gainer in Nifty50 stocks by 3.69% and closed at 392 whereas top loser was ABB closed at 813 with 4.14% down.

Overall market breadth was negative as 741 stocks declined and 578 stocks gained today on NSE.
Turnover topper stocks was SBI on NSE in the form of turnover whereas IFCI was the topper with highest traded quantity.

28 July 2010 Closing Market Updates

28 July 2010 Closing Market Updates  15:31

Market ended flat on the expiry of July derivatives contracts.Nifty ended at 5411.45 with 13.90 points gain and Sensex ended just above 18000 mark at 18012.74 with 55.37 points of gain.

Among BSE Sectoral Indices, PSU index gained the most by 1.63% whereas Oil&Gas Index became the top loser and ended with 0.51% down.

IDFC was the top gainer in the Nifty50 stocks ahead of Banking License meeting.It gained 2.60% and ended at 189.55 while Suzlon was the the top loser with 2.92% and ended at 56.50

Reliance Industries was the turnover topper on NSE by valuations.IFCI was the highest traded stock on NSE in terms of traded quantity.

The overall market breadth was slightly negative as 687 stocks declined and 634 stocks gained today on NSE.

29 July 2010 Intraday Calls

29 July 2010 Morning Market Updates  08:47
Follow Buy Calls in Positive Market Bias and v.v.

Buy Aban sl 885 T 952   
Buy Cipla                               
                                   
Sell Nifty Bel 5372 sl 5410 T 5290   
Sell Axisbnak Bel 1337 sl 1348 T 1322/1314   

28th July Morning Market Updates:

28th July Morning Market Updates:
Stocks that are in news today:

Results Today: DLF, JSPL, Sun Pharma, HCL Tech, M&M, Tata Comm, Alfa Laval, Chennai Petroleum, Corporation Bank, EID Parry, Essel Propack, Havells India, Kirloskar Oil, Lakshmi Machine, Lupin, Marico, Merck, MMTC, MRF, Neyveli Lignite, Patni Computer, Sobha Developer, Sun TV Network, Trent, Voltas.
Board Meet

NRB Nearing: Board Meet for Bonus
Lakshmi Machine Work: Buy-Back
ABB to be deleted from MSCI Index w.e.f today
ABB open offer: Sources
ABB open offer over-subscribed
LIC & ICICI Pru Life tender part of their holding
LIC tendered 50% of its holding
ICICI Pru tendered 70% of its holding
Godrej Industries
To join Godrej Properties for developing Vikhroli land
Godrej Ind to get 40% profit from Vikhroli property development
Unitech
Unitech considering possible offer for UCP
Alert: UCP is Unitech Corporate Park
Alert: UCP is AIM-listed company
Alert: UCP owns majority stake in corporate park assets
Unitech may offer 31 pence per share for UCP
Unitech may offer 25% premium over CMP for UCP
Alert: Unitech holds 4.52% stake in UCP
Other stocks and sectors that are in news today:
Oil Secretary says: ONGC Videsh to submit offer for BP Assets in Vietnam
HCC receives Rs 126.225 crore contract from Hindalco
Redington to raise the FII ceiling limit and NRIs to 100% from 24%
Emami Infrastructure lists today
SKS Microfinance IPO opens Today
Cummins Inc. (Parent) raises India sales growth guidance to 49% (versus 41% a quarter earlier)
F&O cues:

Futures Open Int up Rs 267 crore, Options Open Int up Rs 566 crore
Bazaar

Excerpts from Bazaar on CNBC-TV18 Watch the full show »
Nifty futures net Open Int unchanged, rollover of 58 lakh shares yesterday
Nifty July at 4-point premium, Aug at 13-point premium
Nifty Open Int PCR at 1.48 versus 1.47
Nifty Puts add 6 lakh shares, Calls add 1.6 lakh shares in Open Int
Nifty Aug 5400 Put adds 8.2 lakh shares in Open Int
Nifty Jul 5400 Put sheds 9 lakh shares in Open Int
Nifty Aug 5500 Call adds 5.7 lakh shares in Open Int
Nifty Jul 5400 Call sheds 7.8 lakh shares in Open Int
Stock futures add 2 cr shares in Open Int
Marketwide rollover at 47%, in line with June expiry
Nifty rollover at 45% versus 40% in June expiry
FIIs in F&O on July 27
Net buy Rs 248 crore in Nifty Futures
Net buy Rs 1281 crore in Nifty Options
Market cues:

RIL Q1 Results in line with estimates, GRM At $7.3/bbl
FIIs were net buyers of USD 101 million in equities on July 26

NSE F&O Open Int was up by Rs 833 crore at 1.69 lakh crore
As per provisional data of July 27, FIIs were net sellers of Rs 23 crore; DIIs were net sellers of Rs 222 crore in cash markets. FIIs were net buyers of Rs 1508 crore in F&O.
US Markets:
In the US markets, it was a flat close for the benchmark indices after consumer confidence retreated to a five-month low.

Nasdaq Composite was down 0.36% or 8.18 points at 2288.25. Standard & Poor's 500 was down 0.10% or 1.17 points at 1113.84. Dow Jones Industrial Average was up 0.12% or 12.26 points at 10537.69.
n economic data, the conference board delivered the latest sign that consumers are getting weary: their gauge of consumer confidence fell to 50.4 in July from 54.3 in June; economists had expected it to drop to 51.

In important data to watch out for today-- weekly mortgage applications, advance report on durable goods and the Fed's Beige book will be all out later today.
In the forex market, the dollar gained versus the euro as investors became more risk-averse. Earlier, the euro traded at an 11-week high against the dollar but the single currency erased its advance.
In the commodity universe, crude prices fell nearly 2%, reversing an earlier rally as investors were prompted to sell off riskier assets including oil and equities. It is currently trading at USD 77.
In base metals, copper is down for the first time in 7 sessions. Others like lead, nickel and zinc all fell more than 1.5% each.
In precious metals, gold dropped 2% to a near three-month low under 1,160 dollars.

27 July 2010 Closing Market Updates

27 July 2010 Closing Market Updates  15:31

Expected Credit policy declared by the Governor and market gained.Nifty closed at 5427 with 8.4 points gain and Sensex closed at 18070.98 with 50.93 points of gain.RBI hiked repo rate by 25 bps to 5.75% and reverse repo by 50 bps to 4.5% in today's Credit Policy. It has kept Cash Reserve Ratio unchanged.

Among the BSE Sectoral Indices, Auto Index gained the most by 2.62% and Consumer Durables Index was the top loser, declined by 2.06%.

In Nifty50 stocks, M&M gained the most by 3.21% and ended at 640.40 while big loser was L&T with 3.10% fall and ended at 1860.50

Overall market breadth was negative as 712 stocks declined and 599 stocks gained today on NSE.

27 July 2010 Morning Market Updates

27 July 2010 Morning Market Updates  08:51

26 July 2010 Closing

26 July 2010 Closing Market Updates  15:31
Market ended with a cautious note because of RBI Credit Policy which is going to announce tomorrow.Nifty ended at 5414.30 with 34.80 points negative and Sensex ended at 18004.03 with 126.95 points negative.

26 July 2010 Intraday Calls

26 July 2010 Morning Market Updates  08:52

Intraday Calls :
Note : Follow Buy Calls in Positive Market Bias & v.v.

Buy Aban Abv 851 sl 845 T 867 / 875

Buy ACC Abv 828 sl 820 T 844
Buy Rpower Abv 175 sl 173 T 178
Buy Glaxo Abv 2085 sl 2069 T 2116 P

Sell BPCL Bel 625 sl 631 T 616/605 P
Sell HDFCBank Bel 2019 sl 2029 T 1992 P
Sell Maruti Bel 1345 sl 1365 T 1314 P
Sell Relcapital Bel 784 sl 790 T 770
Sell Bankbaroda Bel 720 sl 725 T 707
Sell Bharatforg Bel 325 sl 331 T 318
Sell Biocon Bel 318 sl 322 T 313

Results today: Sterlite, NTPC, Bharat Forge, Blue Star, Century Enka, Century Textile, Dabur India, Dena Bank, Essar Oil, Gateway Distriparks, Glaxosmithkl Pharma, Mahindra Holiday, Maharashtra Seamless, Navneet Publication, Peninsula Land, Taj GVK Hotels, Tata Elxsi, Tech Mahindra, Union Bank, United Phosphorous, Wire & Wireless.
Hero Honda - Sources

-Honda likely to divest about 6% stake in Hero Honda
Honda holds 26% in Hero Honda
Other stocks and sectors that are in news today:
-JP Power Ventures & Jaiprakash Associates: reconstituted "Committee of Directors" to look into and suggest options of restructuring
-Engineers India (EIL) price band Rs 270-290/sh, retail to get 5% disc, issue opens on July 27, closes on July 29 (CMP Rs 337)
-Brigade Enterprises : Board approves acquisition of 99% shareholding of WTC Trades & Projects Pvt. Ltd
-Jyoti- Board meet on 26 July to issue equity shares to promoter
-Ramco System : Board to consider Rights Issue on August 2
-NRB Bearings : Board Meet on 28 July for Bonus
-Ceat : Board meet on 27 July for Prefrential Allotment
-Tata Motors plans USD 500 million sponsored issue of its DVR.
-RBI to issue discussion paper on new banking license this week, new banks may have to reach out to rural India.
-Vodafone may sell its 4.39% indirect holding in Bharti Airtel, stake valued at Rs 5300 crore at CMP.
-Oberoris may up stake in EIH to counter hostile bid.
-Jindal Saw in talks to buy 50% of Australian mine co for USD 120 milion.
Maruti Suzuki Q1 (cr - crore, vs - versus)
-Net profit at Rs 465 Cr Vs Rs 584 Cr ((est Rs. 660cr))
-Net Sales At Rs 8,051 Cr Vs Rs 6,340 Cr ((est Rs.8150cr))
JP Associates Q1
-Net Sales At Rs 3,174.2 Cr Vs Rs 2,067.1 Cr (YoY) (( Est. Rs.2700cr))
-Net Profit At Rs 516 Cr Vs Rs 491.2 Cr (YoY) (( Est.603cr))
-Adjusted PAT at Rs.105.8cr vs Rs.184cr (( Down 42% YOY)
Indian Bank Q1

-Net Profit At Rs 368 Cr Vs Rs 332 Cr (YoY)
-NII At Rs 927 Cr Vs Rs 738 Cr(YOY)
Godrej Consumer Q1 -Cons Net Profit At Rs 116 Cr Vs Rs 69.7 Cr ((YOY)
-Cons Net sales At Rs 643 Cr Vs Rs 439 Cr((YOY))
Eicher Motor Q2:
-Cons Net Profit At Rs 55.2 Cr Vs Rs 19.8 Cr ((YoY))
-Cons Net Sales At Rs 1,033 Cr Vs Rs 617 Cr((YoY))
Balrampur Chini Q3
-Net Profit At Rs 11.1 Cr Vs Rs 66.3 Cr
-Net Sales At Rs 539 Cr Vs Rs 537 Cr
IOC Q1
-Net Loss At Rs 3,388 Cr Vs Profit At Rs 3,683 Cr ((YoY))
-Net Sales At Rs 71,275 Cr :: Vs Rs 57,945 Cr ((YoY))
Hindustan Zinc Q1
-Net profit At Rs 891 Cr Vs Rs 719 Cr ((YoY))
-Net Sales At Rs 2,132 Cr Vs Rs 1,707 Cr((YoY))
JP Power Ventures Q1
-Net Profit At Rs 38.4 Cr Vs Rs 36.5 Cr
-Net Sales At Rs 190 Cr Vs Rs 78.5 Cr
United Bank Q1
-Net Profit At Rs 108 Cr Vs Rs 70.3 Cr (YoY)
-NII At Rs 508 Cr :: Vs Rs 264 Cr(YoY)
HPCL Q1
-Net Sales At Rs 29,219.87 Cr Vs Rs 24,197.58 Cr (YoY) (( Est.29950cr))
-Net Loss At Rs 1,884.29 Cr Vs Net Profit of Rs 649.12 Cr (YoY) (( Loss oF Rs.1970cr ))
Jet Airways Q1
-Net Profit At Rs 3.5 Cr Vs Loss Of Rs 225 Cr (YoY) (( Est.Loss of Rs.17cr))
-Income From Ops At Rs 2,747 Cr Vs Rs 2,085 Cr (( Est.Rs.3155cr))
SRF Q1
-Net Profit At Rs 54.7 Cr Vs Rs 92.6 Cr (YoY)
-Net Sales At Rs 617 Cr Vs Rs 495 Cr (YoY)
Geometric Q1 (QoQ)
-Cons Net Profit At Rs 10.6 Cr Vs Rs 8.4 Cr
-Cons Net Sales At Rs 135 Cr Vs Rs 129 Cr
Motilal Oswal Q1
-Cons Net Profit At Rs 37.6 Cr Vs Rs 34 Cr
-Cons Revenue At Rs 142 Cr Vs Rs 143 Cr
Areva T&D Q2
-Net Profit At Rs 32.2 Cr Vs Rs 50.1 Cr (YoY)
-Net Sales At Rs 885 Cr Vs Rs 802 Cr (YoY)
OnMobile Global Q1
-Consolidated Net Sales At Rs 123.76 Cr Vs Rs 107.24 Cr (YoY)
-Consolidated Net Profit At Rs 18.58 Cr Vs Rs 8.64 Cr (YoY)
Brigade Ent Q1
-Net Sales At Rs 85 Cr Vs Rs 57.8 Cr (YoY)
-Net Profit At Rs 13.9 Cr Vs Rs 3.9 Cr (YoY)
Indiabulls Finance
-PAT at Rs.131cr vs Rs.71.9cr ((YoY))
-Sales at Rs.461.7cr vs Rs.394.7cr ((YoY))
Indiabulls Sec Q1
-Sales at Rs.85.7cr vs Rs.92cr ((YoY))
-PAT at Rs.13.2cr vs Rs.24.1cr ((YoY))
Bilcare Q1
-Sales at Rs.145cr vs Rs.121cr ((YoY))
-PAT at Rs.22.4cr vs Rs.17.2cr ((YoY))


Discalimer: This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),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 (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendations has been obtained from sources that are considered to be reliable. However, (IFCL) has not independently verified the accuracy or completeness of the same. Neither (IFCL) 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 (IFCL) and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.
The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.

26 July 2010 Intraday Calls

26 July 2010 Morning Market Updates  08:52

23 July 2010 Closing Market Updates 15:31

23 July 2010 Closing Market Updates  15:31

Firm closing in Asian Indices, supported our markets to hold the bull steam and to close above 5440 hurdle.Nifty ended at 5444.10 with 2.15 points gain and Sensex closed at 18103.89 with 9.26 points in negative.

Among the BSE Sectoral Indices, Teck Index gained the most by 0.60% and Realty Index was the top loser by 1.56%

Idea was the top gainer in Nifty50 stocks.It gained 4.58% and ended at 68.50.On the other side, Reliance Capital was the major loser by 2.81% and ended at 792.50.

BF Utility was the turnover topper whereas IFCI was the highest turnover stock in the form of traded quantity.

Overall market breadth was negative to 1.97 : 1 as 874 stocks declined and 444 stocks gained today on NSE.

For Weekly Research & Recommendations mail us on info@integrity.org.in

22 July 2010 Closing Market Updates

22 July 2010 Closing Market Updates  15:31

Positive opening in European markets triggered Nifty to cover short and to end at 5437.25 with 37.90 points of gain.Sensex ended at 18091.84 with 114.61 points of gain.

Among the BSE Sectoral Indices, Auto Index gained the most by 1.29%. IT Index was the only loser and ended with 0.35%.

Cairn India the most by 3.20% among Nifty50 stocks and ended at 323.70 whereas Kotak Bank lost the most in the Nifty. It slide by 2.03% and ended at 769.

Tata Steel was the turnover topper today on NSE while IFCI was the highest traded stock by quantity on NSE.

Overall market breadth was positive as 685 stocks gained and 622 stocks declined today on NSE.

21 July 2010 Closing Market Updates

21 July 2010 Closing Market Updates  17:45

The benchmark Nifty has recouped previous day's losses and closed just one point short at 5400 level, led by technology, metal, oil & gas, auto, cement and realty companies' shares. ICICI Bank, L&T and ITC were other gainers. However, the sell-off in telecom companies' shares along with HDFC, HDFC Bank, Axis Bank, SBI, BHEL, HUL, NTPC, Sun Pharma, ABB and Cipla capped the gains to major extent. It was the seventh consecutive session that markets witnessed consolidation. Global cues kept the indices in positive terrain today. European markets like France's CAC, Britain's FTSE and Germany's DAX were trading 1.77%, 1.57% and 1.37% higher, at the time of closing of Indian equities. The 30-share BSE Sensex closed at 17,977.23, up 99.09 points and the 50-share NSE Nifty rose 31.35 points to settle at 5,399.35. The Nifty August futures ended at 10 points premium, as per provisional data.

The Nifty is likely to trade rangebound between 5440 on the upside and 5270 on the downside. This band is expected to be broken only when some of the big names or index heavyweights start participating in this particular game e.g. of Reliance (its results on July 27) and some capital goods and realty players. Mentioned in the previous blogs, if the Nifty trading above 5,440 with good volumes and index stocks will see a upside upto 5670 in next 2-3 months.Buying in technology post Apple's upbeat revenue forecast, financials ahead of stress tests on 91 European banks and mining companies' shares after 16% quarterly rise in iron ore output of BHP Billiton helped the European markets today. US index futures were marginally in green.

Among BSE Sectoral Indices,Metal shone the most as Metal Index rose the most by 3.16% whereas Healthcare Index was the only loser by 0.27%Among Nifty50 stocks, Tatasteel rose the most by 4.43% to close at 531.90.Axis Bank was the top loser by 1.68% and closed at 1346.Overall market breadth was positive as 734 stocks gained and 565 stocks declined today on NSE.

21 July Morning Market Updates

21 July Morning Market Updates 08:55

Stocks that are in news today:

Results today: Kotak Mah Bank, Yes Bank, TVS Motor, Mastek, Orchid Chemical, NIIT, KPIT Cummins, REC, Thermax, Abhishek Inds, Alstom Projects, Bajaj Finserv, Birla Corp, Engineers India, Hyderabad Inds, Ingersoll Rand, Karur Vysya Bank, Monsanto India, Pidilite Inds, Transport Corp, United Breweries 

c:\ODININTEGRATED\Client\Masters

F&O cues:

Futures Open Int up Rs 420 crore, Options Open Int up Rs 2525 crore
Nifty Jul futures add 1.5 lakh shares in Open Int, at 4-point discount

Nifty Aug futures add 3.3 lakh shares in Open Int, at 4-point premium

Nifty Open Int PCR at 1.41 versus 1.42

Nifty Puts add 25 lakh shares,Nifty Calls add 19 lakh shares in Open Int

Nifty Aug 5300 Put adds 6.6 lakh shares in Open Int

Nifty Jul 5200 Put adds 4.4 lakh shares in Open Int

Nifty Aug 5600 Call adds 7.9 lakh shares in Open Int

Nifty Jul 5400 Call adds 4.6 lakh shares in Open Int

Stock futures add 1 crore shares in Open Int

FIIs in F&O on July 20

Net sell Rs 77 cr in Nifty futures

Net buy Rs 44 cr in Nifty options

Net buy Rs 122 cr in Stock futures

Market cues:

US markets end strong after weak start

Results today: Kotak Mah Bank, TVS Motor, Yes Bank, Mastek, REC, KPIT Cummins

FIIs were net buyers of USD 43 million in equities on July 19

NSE F&O Open Int was up by Rs 2945 crore at Rs 1.59 lakh crore

As per provisional data of July 20, FIIs wee net buyers of Rs 297 crore; DIIs were net sellers of Rs 104 crore in cash markets. FIIs were net buyers of Rs 76 crore in F&O.

US markets ended higher after an afternoon rally. However, they started the session under stiff pressure as another round of earnings results failed to inspire buyers.

Nasdaq Composite added 1.1% or 24.26 points at 2222.49.Dow JonesIndustrial Average gained 0.74% or 75.53 points at 10229.96. Standard & Poor's 500 was up 1.14% or 12.23 points at 1083.48.

Goldman Sachs said quarterly earnings tumbled 82%, coming in well short of expectations, as trading and underwriting revenue slumped. The financial giant said its net income was 78 cents a share in second quarter, compared with nearly USD 5 this time last year.

Apple meanwhile topped analysts' expectations and posted better-than-expected sales forecast, pushing the company's stock higher in extended trading. The company posted earnings of USD 3.51 a share & its revenue leaped to 15.7 billion dollars.

But yahoo's revenue in the second quarter fell short of Wall Street estimates as internet advertisers spent less than the company expected, prompting shares to tumble.

In economic data, mixed news for housing sector, US housing starts for June declined 5%, month-on-month. That took starts to an annualized rate of 549,000 units, which is below expectation. In contrast, building permits for June increased 2.1% month-over-month to an annualized rate of 586,000, which is above what the street was expecting.

In key data to watch out for in US today the weekly mortgage applications will be released & Fed Chairman Bernanke will be testifying before the congress. And notable companies reporting earnings today include Morgan Stanley, Wells Fargo, and Coca-Cola.

The dollar gained against the euro as investors sought to book profits on the single currency ahead of the forthcoming stress tests on European banks.

Oil rose more than 1% as US stocks bounced higher from early lows. A tropical weather threat ahead of weekly oil inventory reports, which is expected to show lower crude stockpiles also provided support.

Copper prices moved up on falling LME stockpiles and positive US building permits. Rest of the base metal pack also showed steady gains.

Gold rose 1% on technical buying as prices rebounded from near two-month lows in the previous session as weak US housing data stirred economic uncertainty.

20 July 2010 Closing Market Updates

20 July 2010 Closing Market Updates  15:33

Today market opened positive but weakness in European markets as well as in US Futures change the sentiment on the dalal street to book profits and thus, market ended in red.Nifty ended at 5353.65 with 32.80 points down and Sensex ended at 17852.73 with 75.69 points in negative.

Today, Realty Index gained the most among BSE Sectoral Indices by 0.97 % whereas Health Care Index lost by 0.92%.

Today, Unitech gained the most with 2.08% and ended at 83.30 in Nifty50 stocks.On the contra, HCL Tech declined by 2.51% to end at 368.80.

Overall market breadth was negative as 839 stocks declined and 491 stocks gained today on NSE.

19 July 2010 Closing Market Updates

19 July 2010 Closing Market Updates 15:31

Flat market ended with marginal losses.Nifty lost 7.55 points to end at 5386.35 whereas Sensex closed at 17929.46 losing 26.36 points.

Among the BSE Sectoral Indices, PSU Index gained the most by 0.79% while FMCG Index was the loser with 1.34%

Among Nifty50 stocks, RCom was the top gainer with 2.08% and ended at 191.15 whereas ITC was the top loser with 2.31% to end at 291.45.

BF Utility was the top traded stock on NSE in case of turnover and IFCI was the top traded stock on the basis of traded quantity.

Overall market breadth was  negative as 686 stocks declined and 631 stocks gained today on NSE.

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19 July 2010 Morning Market Updates

19 July 2010 Morning Market Updates  08:53

Today market will open gap down as a result of weakness in US markets on Friday.Technically speaking Dow Jones had important support at 10300 levels and as soon as it breached that level, Dow has slided at 10098 from Thursday's closing of 10359.31.

Intraday Sell call was given on facebook to sell Dow Fut below 10300.Refer with id : prasadlbhave.

Similarly on a broader vision with technical analysis we think that Nifty may come down till 5030 levels in shorter term before making a all time high.If we see Nifty at around 4950-5030 levels we will consider it as a bottom of the bull-rally which has started in March 2009.
Intraday Calls :
Buy:
HCLTech sl 368 T 379
Hindunilvr sl 265 T 269
                           
Sell:
Bhel Bel 2422 sl 2435 T 2406
Jindalstel Bel 622 sl 628 T 613
JPAssociat Bel 127 sl 129 T 124
Bharatforg Bel 327 sl 330 T 321
IDBI Bel 121 sl 122 T 118.5
Indhotel Bel 105 sl 106 T 103

US Market Updates :

NEW YORK (MarketWatch) -- U.S. stocks plunged, as a double dose of discouraging earnings reports and concerns about the pace of the economic recovery wiped out the Dow Jones Industrial Average's gains for the week.

The Dow /quotes/comstock/10w!i:dji/delayed (DJIA 10,098, -261.41, -2.52%) , which snapped its seven-day winning streak on Thursday, closed down 261.41 points 2.5% to 10,097.90 and finished the week down 0.98%. The S&P 500 Index /quotes/comstock/21z!i1:in\x (SPX 1,065, -31.60, -2.88%) declined 31.60 points, or 2.9%, to 1064.88 to end the week down 1.2%. Both indexes have fallen in three out of the last four weeks.

The stock market's deep slide upends a week that started on a strong note, as earnings from Alcoa Inc. /quotes/comstock/13*!aa/quotes/nls/aa (AA 10.41, -0.43, -3.97%) and Intel Corp. /quotes/comstock/15*!intc/quotes/nls/intc (INTC 21.02, -0.49, -2.28%) fueled optimism about the profits of U.S. corporations. But the gains proved hard to hold, with concerns about the outlook for the U.S. economy in the second half moving front and center in investors' minds. Those concerns are casting a harsh light on earnings from large financial corporations with deep roots in Main Street.

Bank of America Corp.'s /quotes/comstock/13*!bac/quotes/nls/bac (BAC 13.98, -1.41, -9.16%) 9.2% drop led the blue chips lower, after a loss in its mortgage business and a falloff in Wall Street trading profits dragged on second-quarter results. Adding to the jitters was a report that showed consumer sentiment dropped to its worst level since March 2009, the latest in a string of downbeat data that slammed Wall Street. Investors turned pessimistic about growth prospects for other major U.S. companies as Citigroup Inc. /quotes/comstock/13*!c/quotes/nls/c (C 3.90, -0.26, -6.25%) and General Electric Co. /quotes/comstock/13*!ge/quotes/nls/ge (GE 14.55, -0.70, -4.59%) posted lackluster results. There also were growing worries about how financial regulatory overhaul will hurt bank earnings, with financials posting the biggest declines on the S&P 500 on Friday, falling 4.4%. Citigroup shares fell 6.3% and J.P. Morgan Chase & Co. /quotes/comstock/13*!jpm/quotes/nls/jpm (JPM 39.00, -1.46, -3.61%) fell 3.6%.

16 July 2010 Closing Market Updates

16 July 2010 Closing Market Updates  15:31

Market opened flat traded flat and ended also flat.Nifty traded in very narrow range between 5374 and 5400 and ended at 5398.30 with 19.55 points gain.Sensex closed at 17965.44 with 55.98 points positive.

Among BSE Sectoral indices, IT Index gained the most by 1.97% whereas Oil & Gas lost by 0.34%.

TCS, top gainer in Nifty50 stocks zoomed by 6.06% today on Quarterly results and ended at 829.50.While M&M lost the most in Nifty50 stocks by 1.73% and ended at 605.60.

Overall market breadth was positive as 755 stocks gained and 552 stocks declined today on NSE.

16 July 2010 Intraday Calls

16 July 2010 Morning Market Updates  08:50
Intraday Calls :

Sell	Bhartiartl		Bel	296	sl	299	T	291
Sell	Bhel		Bel	2423	sl	2438	T	2404
Sell	BPCL				sl	664	T	646

15 July 2010 Closing market Updates

15 July 2010 Closing market Updates  15:31

Today market opened flat but corrected after weak opening in European markets.

Nifty ended at 5380.75 with 5.40 points in negative whereas Sensex closed at 17916.34 shedding 21.82 points.

Among BSE Sectoral Indices, Consumer durables Index rose the most by 0.98% while PSU index became the most loser with 0.98%

Today's Nifty50 gainer was Axisbank with a 2.48% rise and ended at 1347 as it has reported net profit at Rs 742 crore as against Rs 562 crore, a growth of 32.03% on YoY basis.Net interest income (NII) rose 44.7% to Rs 1,513 crore from Rs 1,045.6 crore.BPCL was the top loser in Nifty50 stocks with 5.85% and ended at 659.55 Yesterday, State-owned IOC, BPCL and HPCL have decided to have a uniform petrol price despite govt giving them freedom to price the fuel and said they will revise prices once a month based on input cost.

Overall market breadth was negative as 752 stocks declined and 575 stocks gained on NSE.

15 July 2010 Intraday calls

15 July Morning Market Updates :

Intraday Calls :

Buy	Herohonda		Abv	2021	sl	2005	T	2038
Buy	Patni		Abv	532	sl	528	T	542
Sell	Grasim				sl	1836	T	1811
Sell	LICHSGFIN		Bel	996	sl	1005	T	977
Sell	Hindunilvr				sl	261	T	251
Sell	Torntpower		Bel	348	sl	353	T	341

Stocks in News :

Etisalat queers pitch for RCOM-GTL deal(ET)
Religare buys part of Citi’s home loan biz for Rs 500cr(ET)
L&T wins Rs 12132cr Hyderabad metro deal(ET)
Tata Coffee to invest Rs1300cr in Africa(ET)
Adanis set sights on Australian coal mines(ET)
ONGC to invest $4b in KG blocl(ET)
HCL Info bags Madhya Pradesh UID deal(Dna)
Aqua Logistics seeking 4-5 buyouts(Dna)
Tata Steel to raise Rs1000cr(Mint)
M&M to built plant in South Africa(Mint)

Results today: TCS, Axis Bank, Castrol, Colgate, IL&FS Invest Managers, LIC Housing Finance, Polaris Software, Magma Finance, UTV

IOC :
-To review petrol prices on monthly basis
-PSU oil retailers to decide on monthly petrol pricing method
-To mull petrol price revision by month-end
-No price increase in petrol as of now

Oil Secretary says revenue loss on petrol to be absorbed by fuel retailers

Board Meet
-Nissan Copper: Stock Split
-Uflex : Rights + Results

iGATE Q2 ((Unlisted now))
-Revenue at USD 66.8 million versus USD 57.9 million (QoQ)
-Net profit at USD 11.2 million versus USD 11.6 million (QoQ)

Reliance Industries
-RIL moves CCI; files complaint against OMCs
-RIL alleges cartelisation of OMCs in supplying ATF to Air India

Other stocks and sectors that are in news today:
-Tata Steel to raise Rs 1600 crore via share, warrants issue
-Union Bank gets govt nod for Rs 110 crore perpetual preferential share issue
-Amrutanjan Health : Approved the restructuring of the company's OTC & pharma business
-All essential drugs may come under price control – BS
-HCL Info bags MP UID deal – DNA
-Corus open to "credible offers" for mothballed TCP mills.

F&O cues:

Futures Open Int up Rs 10 crore

Options Open Int up Rs 1004 crore

Nifty July Futures Open Int unchanged

Nifty Aug Futures add 2 lakh shares in Open Int

Nifty July at 2-point premium

Nifty Aug at 8-point premium

Nifty Open Int PCR at 1.38 versus 1.36

Nifty Puts add 9 lakh shares in Open Int

Nifty Call Open Int unchanged

Nifty 5400 Put adds 2.3 lakh shares in Open Int

Nifty 5300 Put sheds 3.8 lakh shares in Open Int

Stock Futures shed 0.6 cr shares in Open Int

FIIs in F&O on July 14

Net sell Rs 430 crore in Nifty Futures

Net buy Rs 615 crore in Nifty Options

Net buy Rs 185 crore in Stock Futures

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14 July 2010 Closing Market Updates

14 July 2010 Closing Market Updates  15:32

Today market opened with gap-up but could not sustain at higher levels.Profit booking on high levels pulled the bourses to end in negative.Nifty ended at 5378 shedding 22.65 points where as Sensex lost 78.73 points to end at 17907.17.Also European markets were trading in red at the time of Indian market closing.In addition Delhi based brokers are fearful about stamp duty worries on trades, that ma directly affect the proprietary trading.

Among BSE Sectoral Indices, Capital Goods Index rose the most by 0.89 % where as IT Index was the major loser with 1.41%

L&T gained the most in Nifty50 stocks with 2.02% and ended at 1876.Idea was the top loser with 2.88% and ended at 64.10.

Infosys was the most traded stock on NSE for the day.

Overall market breadth was positive as 699 stocks gained and 613 declined today on NSE.

14 July 2010 Intraday Calls

14 July 2010 Morning Market Updates  08:50

Intraday Calls:
Buy Max sl 165 T 175
Buy Madrascem sl 102 T 108
Buy Indiacem sl 109 T 116
Buy Jindalstel Abv 640 sl 628 T 655
Sell Infosystch sl 2815 T 2758
Disclaimer on www.integrity.org.in

Nifty ended above 5400 mark first time after Jan 2008

13 July, 2010 Closing Market Updates 15:30
Nifty made a new 52 week high of 5406.20 and closed above 5400 mark for the first time since Jan 2008.Nifty ended at 5402.00 with 19 points of gain and Sensex ended at 17983.22 with 46.02 points in positive even after weak Infosys results pulled the stock more than 3.5%. Realty and Consumer Durable stocks spurted today.
Among the BSE Sectoral Indices, Realty Index was the top gainer by 4.10% where as IT Index was the major loser by 2.84%
Unitech was the top gainer with 6.11% in Nifty50 stocks and ended at 83.30 while two day's topper Idea slashed the most by 5.92% and ended at 65.95.
Overall market breadth was positive as 758 stocks gained and 557 stocks declined today on NSE.

13 July 2010 Morning Market Updates

13 July 2010 Morning Market Updates  08:41
Infosys Q1 result may disappoint the street expectations.Infosys declared Net Profit of Rs.1488 against Rs.1617 QoQ.Street expectations were Rs.1564 Cr.
Stocks in News :
IRDA

-IRDA gives R3 license to L&T
-L&T General Insurance Company Ltd is 24th insurance firm
Ruchi Soya
-SEBI passes consent order on Ruchi Soya
-Ruchi Soya to pay Rs 1 crore towards consent
-Company allegedly did not disclose shareholding pattern regularly
Pfizer Q2
-Net profit at Rs 34.7 crore versus Rs 31.3 crore (YoY)
-Net sales at Rs 212 crore versus Rs 186 crore (YoY)
CMC ((Q1FY11 QoQ consolidated))
-Revenues at Rs 245.15 crore versus Rs 234.24 crore
-Net profit at Rs 46.44 crore versus Rs 44.3 crore
-Margins at 22.06% versus 22.37%
Board Meet
-SEL Manufacturing : Fund Raising
-Hotel Leela : Issue equity shares to the promoter + results
Other stocks and sectors that are in news today:
-VC Circle Exclusive: BGR Energy to raise Rs 350 cr by diluting 5-6% stake
-Bhushan Steel okays 5-for-1 stock split
-RCF plans Rs 1100 crore FPO – Mint
F&O :
Futures Open Int up Rs 1973 crore
Options Open Int up Rs 1595 crore

Nifty Futures add 7 lakh shares in Open Int
Nifty Futures at 2-point discount
Nifty Open Int PCR at 1.33 versus 1.31
Nifty Puts add 15 lakh shares in Open Int
Nifty Calls add 3.7 lakh shares in Open Int
Nifty 5300 Put adds 10 lakh shares in Open Int
Nifty 5400 Put adds 7 lakh shares in Open Int
Nifty 5500 Call adds 7 lakh shares in Open Int
Nifty 5300 Call sheds 6.6 lakh shares in Open Int
Stock Futures add 2.4 cr shares in Open Int
FIIs in F&O on July 12
Net buy Rs 609 crore in Nifty Futures
Net buy Rs 394 crore in Nifty Options
Net buy Rs 590 crore in Stock Futures
FIIs were net buyers to the tune of Rs 609 crore in Nifty futures and FIIs’ Nifty futures Open Interest was down 17,942 contracts.
FIIs were net buyers to the tune of Rs 590 crore in Stock futures. Nifty futures ended at 2-point discount. Nifty Open Interest PCR increased to 1.33 versus 1.31.

Nifty 5300 Put added 10 lakh shares in Open Interest and Nifty 5400 Put added 7 lakh shares in Open Interest. Nifty 5500 Call added 7 lakh shares in Open Interest. Stock futures added 2.4 crore shares in Open Interest.
Fresh long positions were seen in Rolta, Polaris and Dena Bank. Rolta India gained 4.7% and its futures Open Interest was up 28%.
Polaris shot up 9% and its futures Open Interest was up 21%. Dena Bank rose 5.3% and its futures Open Interest was up 27%.
Idea Cellular rallied 5% and its cost of carry was down. Its futures Open Interest was up 15%. NSE delivered volume was at 81 lakh shares.
Profit booking was seen in Balrampur Chini. The stock was down 3% and its futures Open Interest was down 3%.
US Markets :
US markets ended Monday's trade flat.The Dow closed at 10,216.27 with just 18.24 points gain and the Nasdaq closed at 2,198 by gaining 1.91 points.

12 July,2010 Closing Market Updates 15:31

12 July,2010 Closing Market Updates 15:31

Market opened positive today and remained to close positive after lower than expectations IIP numbers declared.Market held the bullish steam at the time of closing also and indices ended near the 52 week high.Nifty ended at 5379.70 with 27.25 points of gain after making a new 52 week high of 5402.70.Previous high was 5399.65 made on 7th April 2010.Sensex ended at 17933.17 with 99.63 points of gain.

Among BSE Sectoral Indices, Realty gained the most by 2.13% whereas Oil & Gas was the top loser with 0.46%

Idea was the top gainer in Nifty50 stocks with 3.97% jump and ended at 69.35.While BPCL was the most Nifty50 loser.BPCL lost 2.92% and ended at 690.05

Overall market breadth was positive as 719 stocks gained and 592 stocks declined today on NSE.

May IIP Data :

May Industrial Production at 11.5% Vs 17.6% (MoM)

The Capital Goods growth at 34.3% Vs 72.8% (MoM)

The Manufacturing growth at 12.3% Vs 19.4% (MoM)

The Basic Goods growth at 7.9% Vs 8.8% (MoM)

The Electricity growth at 6.4% Vs 6% (MoM)

India's Index of Industrial Production, or IIP, maintained its double-digit rate for the eighth month in a row in May, backed by a significant growth from almost all sectors, particularly capital goods and consumer durables.

Data released Monday by the Central Statistical Organization of the Ministry of Statistics and Programme Implementation showed the IIP for May had a growth rate of 11.5%, surging from 2.1% for the corresponding month last year, and lower than the growth rate for April.
The cumulative index of  IIP for the first two months of this fiscal surged to 14% from the 1.6% in the corresponding period last fiscal.
The data lowered the estimated growth rate for April to 16.52% from the earlier 17.6%.
During May, the growth rate of the manufacturing sector, with a weightage of 79.4%, surged by 12.3%, compared to the 1.8% in May of the preceding year. The power sector rose by 6.4% from the 3% for the corresponding month last year. The mining sector grew by 8.7%, compared to the growth of 3.4% in May last year.
Fifteen out of the 17 industry groups showed a positive growth in May, compared to the corresponding month of the preceding year. The industry groups consisting of 'Metal Products and Parts, except Machinery and Equipment' showed the highest growth of 39.8%, followed by 27.6% in 'Other Manufacturing Industries' and 26.9% in 'Jute and Other Vegetable Fibre Textiles (except cotton). But 'Furniture and Fixture' had a negative growth of 5.7%, followed by 3% in 'Beverages, Tobacco and Related Products."
As per the user-based classification, the capital goods sector in May had a positive growth of 34.3%, compared to the negative growth of 3.6% in May last year.
The IIP said that in May, basic goods and intermediate goods grew by 7.9% and 10.2% respectively, compared to the 3.8% and 6.6% respectively for the corresponding month last year.
In May, the growth rate of the consumer durables sector significantly increased to 23.7% from the 13.2% in May of the preceding year, whereas non-durables rose by 2.4%, compared to a negative growth of 5.5% for the same month last year. As such, the growth rate of overall consumer goods was 8.2%, compared to a negative growth of 1.1% of last May.
Along with the Quick Estimates of IIP for May, indices for April had the first revision, while those for February had the second and final revision, in the light of the updated data.
During May, the growth rate in six core-infrastructure industries, having a combined weightage of 26.7% in the IIP, was 5%, up from the 3.2% last year, mainly driven by growth in the production of crude oil, petroleum, electricity.

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