5 July 2010 Intraday Calls:

5 July Morning Market Updates:

Intraday Calls :
Follow Buy Calls in Positive Market Bias and v.v.

Buy	Federalbnk				sl	324	T	338
Buy	IFCI				sl	55	T	60
Buy	Mphasis				sl	592	T	605
Buy	Abb		Abv	867	sl	859	T	880
Buy	Adanient		Abv	542	sl	537	T	550
Buy	Jaicorpltd		Abv	257	sl	251	T	270	Positional
Sell	Bajaj-Auto				sl	2462	T	2442
Sell	Crompgreav				sl	257	T	247
Sell	Cairn				sl	302	T	286	Positional
Sell	NiftyFut		Bel	5230	sl	5280	T	5165 / 5110
Sell	ACC		Bel	851
Sell	Rcom		Bel	188	sl	192	T	181
Sell	Sunpharma		Bel	1750	sl	1764	T	1722
Sell	Biocon		Bel	315	sl	320	T	311
Sell	Drreddy		Bel	1429	sl	1439	T	1416
Sell	IOB		Bel	102	sl	104	T	99
Sell	DLF		Bel	280	sl	284	T	273	Positional
Sell	LT		Bel	1774	sl	1792	T	1729	Positional
Sell	Reliance		Bel	1064	sl	1094	T	1020	Positional
Sell	Relinfra		Bel	1184	sl	1202	T	1155	Positional
Sell	Jetairways		Bel	521	sl	528	T	510	Positional

Stocks that are in news today:
 RNRL-Reliance Power ((RNRL CMP: Rs 64, Rel Power: Rs 175 – implies big fall for RNRL stock)

 RNRL-Reliance Power boards approved merger
RNRL shareholders to get 1 Reliance Power share for every 4 held
Exchange ratio based on valuation by KPMG
Valuation done on weighted average of DCF, CMP and book value

RIL Exclusive: SourcesRIL may pick up small stake in Reliance Power post merger
Stake likely to be taken as a 'fuel supplier'
Fuel supplier stake is a global practice'
Valuation of merged entity prior to stake sale

RBI Hikes repo rate by 25 bps to 5.5% from 5.25%
Ups reverse repo rate by 25 bps to 4% from 3.75

TCS ((AGM))Expects growth from BFSI, retail, govt
Focusing on moving up the value change in FY11
Margins likely to come under pressure in FY11
Margin pressure owing to new players in China, Japan, UK

Power Grid Board okays follow-on public offer
To dilute 20% via FPO offer

Other stocks and sectors that are in news today: Network 18 & Television Eighteen boards meet on July 7 for restructuring proposal
Federal Bank seeks RBI nod for appointment of Shyam Srinivasan as CEO & MD
AV Birla Group June cement sales up 2.59% at 3.15 mt
Hindustan Media Ventures IPO opens today, issue of Rs 270 crore at a price band of Rs 162-175/sh
SE Investments board meet today on Stock Split
Shipping Corporation : Given physical delivery of its one Crude Oil Carrier m.t. to buyer
Ankit Metal & Power: Board meet on 6 July for Bonus
Gammon Infra: Parvez Keki Umrigar steps down as MD of the company ((no reason provided))
NHPC: designated as executing agency for two hydel plants of total 1842MW
Kinetic likely to re-start 2 wheeler operations in 2013 – FE
M&M, Adani in race to acquire DLF’s 74% stake in insurance JV – Mint
RCF opens 300 acers residential colony for redevelopment – ToI 

Market cues:

RBI hikes repo, reverse repo by 25 bps each

US markets closed today for independence day

NSE F&O Open Int was up by Rs 2721 crore at Rs 1.25 lakh crore