31st August 2010 Closing Market Updates 15:31

31st August 2010 Closing Market Updates  15:31

Market opened with gap down and after GDP data published, market plunged but at the closing bell volatile market recovered its early gains ended with minor losses.Nifty ended at 5397.50 with 17.95 points in negative and Sensex ended at 17948.80 losing 83.31 points.

Among BSE,FMCG Index gained the most by 1.54% and top loser was Consumer Durables Index with 2.29% loss.

In Nifty50 stocks,M&M was the top gainer with 3.06% gain and ended at 628 whereas JaiPrakash associates stood the top loser in Nifty50 stocks by 3.63% down and ended at 108.95.

Reliance was the turnover topper by value and Unitech by the traded quantity on NSE today.

Advance/ Decline ratio was negative by 2.61 :1 as 987 stocks declined whereas 377 stcoks gained today on NSE.

April-June quarter GDP growth at 8.8% vs 8.6% QoQ

The Gross Domestic Product (GDP) in India expanded at an annual rate of 8.60 percent in the last quarter. India Gross Domestic Product is worth 1296 billion dollars or 2.09% of the world economy, according to the World Bank. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Services are the major source of economic growth, accounting for more than half of India's output with less than one third of its labor force. The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage points. This page includes: India GDP Growth Rate chart, historical data and news.

Country	Interest Rate	Growth Rate	Inflation Rate	Jobless Rate	Current Account	Exchange Rate
India	4.50%	8.60%	13.73%	7.32%	-13	46.7650

Source : TradingEconomics

31st August 2010 Recommendations

31st August 2010 Morning Market Updates 08:50
FYI
Today's Recommendations:
Note : Follow Buy recommendations in Positive Market Bias and vice versa.

Buy	Abb			sl	773	T	785
Buy	Bhel			sl	2433	T	2473
Buy	Hindalco	Abv	170	sl	167	T	175
Buy	ICICIBank	Abv	980	sl	974	T	992
Buy	JPAssociat	Abv	112	sl	110	T	119
Buy	Maruti	Abv	1242	sl	1236	T	1255
Buy	Rcom	Abv	166	sl	162	T	172
Sell	Axisbank	Bel	1312	sl	1323	T	1300
Sell	ITC			sl	161	T	156
Sell	LT			sl	1827	T	1797
Sell	SBIN	Bel	2791	sl	2805	T	2766
Sell	Siemens			sl	705	T	690
Sell	Sunpharma			sl	1763	T	1730
Sell	Bankbaroda			sl	807	T	790
Sell	Bharatforg			sl	352	T	343
Sell	Apil	Bel	715	sl	724	T	704

Stocks in News :
RIL-EIH
-RIL buys 14.12% stake in EIH for Rs 1,021 crore
Alert: deal price works out to be Rs 184/share (CMP Rs 151)
-RIL buys stake from EIH promoters
-RIL buys stake in EIH via 100% subsidiary
RIL says EIH stake buy not to lead to change in company's management
Sources say Analjit Singh has been in talks with PRS Oberoi to sell back stake.
-RIL wanted to invest in the hospitality industry
-Welcome RIL investment in company
ONGC
-ONGC seeks details of Vedanta's Cairn India deal
-Details sought to protect company's pre-emptive rights
Big positive for airline companies: Bankers say
-RBI gives clearances to banks for restructuring aviation loans
-Aviation loans to be treated as regular loans post restructuring
-RBI has allowed restucturing of unsecured aviation loans
-Banks to make same amount of provision as for regular restructured loans
-Claim provisioning to be around 5-7% of Kingfisher's debt
-Total debt of Kingfisher around Rs 7000 crore
-Promoters can make upfront payment as loans, instead of equity
-Under restructuring guidelines, promoters have to bring 15% upfront equity
Other stocks and sectors that are in news today:
-Kingfisher board meets today on GDR Issue
-In T2T from September 3: Elder Healthcare, House of Pearls, Jagson Airways, Saregama India, Galaxy Entertainment
-Pharmac to fund Dr Reddy's Quetiapine brand
-Kwality Dairy board approves fund raising up to Rs 1000 crore via rights, QIP, GDR, FCCB (Market Cap: Rs.1351 crore)
-Kalindee Rail : Bags order worth Rs 180 crore from Vedanta Group
-Infosys plans extreme offshore model to tide over visa crisis – BS
-M&M ends contract with US distributor to sell pick up trucks – BS
-Gitanjali plans to acquire Italian Jewellery house – BS
-JK Cement top brass held talks with Holcim for possible JV, acquisitions– DNA
-HPCL to buy out 50% in Prize Petro JV and merge with itself – DNA
-Cement price cut by Rs 2-4/kg in western India 
Ex-Dates -GHCL : Ex-Dividend @ Rs 2/share
-Radico Khaitan : Ex-Dividend @ Rs.0.6/share
-Harrisons Maly : Ex-Scheme of Arrangement ((Demerger of Investment Undertaking of Harrisons Malayalam to Sentinel Tea and Exports, Ratio of Allotment in ratio of 1:1)

F&O Cues : 
F&O cues:
Futures Open Int up Rs 921 crore

Options Open Int up Rs 4712 crore
Nifty Futures add 3 lakh shares in Open Int
Nifty Futures at 11-point premium
Nifty Open Int PCR at 1.43 versus 1.45
Nifty Puts add 40 lakh shares in Open Int
Nifty Calls add 37 lakh shares in Open Int
Nifty 5400 Put adds 6 lakh shares in Open Int
Nifty 5100 Put adds 6 lakh shares in Open Int
Nifty 5300 Put adds 5 lakh shares in Open Int
Nifty 5700 Call adds 8.7 lakh shares in Open Int
Nifty 5600 Call adds 8 lakh shares in Open Int
Stock Futures add 2.3 crore shares in Open Int
FIIs in F&O on August 30
Net buy Rs 420 crore in Nifty Futures
Net buy Rs 900 crore in Nifty Options
Net buy Rs 307 crore in Stock Futures 

US Market :
U.S. stocks drop with financial sector reeling as further signs point to slower economic growth.The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed fell 140.92 points, or 1.4%, to end at 10,009.73, near session lows.Nasdaq closed down with 33.66 points at 2119.97.

30th August 2010

30th August 2010 Closing Market Updates  15:31

Volatile market ended in positive.Nifty made a day low of 5390.35 in the last session but the introduction of Direct Tax Code Bill in Parliament, market recovered and Nifty ended at 5417.25, gaining 8.55 points and Sensex ended at 18030.07 with 31.66 points in positive.
Among BSE Sectoral Indices, Metal Index shone the most by 1.53% and IT Index was the top loser by 0.83%.
In Nifty50 stocks, Powergrid gained the most by 4.02% to end at 108.55 whereas Suzlon became the top loser by 2.10% and ended at 46.70
Prakash Steel was the turnover topper by value and the traded quantity also.
Overall market breadth was negative as 791 stocks declined and 555 stocks gained today on NSE.

Direct Tax Code Bill :

The Direct Tax Code (DTC) Bill has been tabled in the Parliament today. According to the new DTC Bill, first returns should be filed after 31 March, 2013 reports CNBC-TV18 quoting sources. It will be effective from April 1, 2012.

The the new DTC Bill will have dividend distribution tax of 5% for both equity mutual funds (MFs) and unit linked insurance policies (ULIPs).

Sources say that special economic zone (SEZs) will be allowed profit linked tax deduction under DTC. Also SEZs notified as on March 31,2012 will get tax break and that started by March 2014 will get also get tax subsidy. 

30th August 2010 Morning Market Updates:

30th August 2010 Morning Market Updates:
Stocks that are in news today:
GMR Infra
Withdraws fund raising plan of Rs 5,000 crore
Already raised Rs 2,800 crore via QIP, private equity
Sesa Goa
Plans Rs 6000-9000 crore steel Foray – BS
Company writes to transfer MoU signed earlier with Sterlite Iron and Steel to be transferred to Sesa Goa
Tech Mahindra
CEO Sanjay Kalra steps down on September 15
Vineet Nayyar to takeover operational responsibilites
Tata Steel update (Stock was buzzing on Friday for this)
Corus, Thailand-based SSI in pact for Teesside Plant sale
SSI to buy Corus' Teesside plant for USD 500 million
Prime Focus
Board approves issue of 10 lakh warrants to Promoter
Approves raising of funds up to USd 50 million
Approves stock split from 10:1
Cairn India
Completes a year Of production from Mangala Field
Produces 12.3 million barrels from Mangala Field in first year
Oudh Sugars Qtr Results
Sales at Rs 176 crore versus Rs 170.5 crore ((YoY))
Loss of Rs 40 crore versus PAT of Rs 1.7 crore ((YoY))
Ispat Q1
Sales at Rs 2427 crore versus Rs 1399 crore (up 73% YoY)
Loss at Rs 69 crore versus loss of Rs 214 crore (YoY)
EBITDA margins at 14% versus 7.3% (YoY)
Ex-Dates
Hero Honda : Ex-Dividend @ Rs 30/share
Indian Hume : Ex-Spilt 5 : 1
Other stocks and sectors that are in news today:
PSU oil cos to up petrol prices in Sep first week: NW18
Borosil Glass : Sells Andheri land for Rs 830 crore ((Market cap of Rs 300 crore, debt of Rs 50 crore))
Sources Says: Environment Ministry okays JSPL 2,400 MW Chhatisgarh Unit
Holcim appoints Hewitt Associates for organizational restructuring in ACC and Ambuja, this is seen as a first step towards merger, merger likely in 3-6 months
Ansal Housing &Construction- Approves issue of 12 lakh warrants at Rs 70/share to promoters
Jindal Poly Films : Board Meet on September 3 for Fund Raising
F&O cues:
Futures Open Int up Rs 194 crore
Options Open Int up Rs 8617 crore
Nifty Futures add 6.2 lakh shares in Open Int
Nifty Futures at 7-point premium
Nifty Open Int PCR at 1.45 versus 1.41
Nifty Puts add 94 lakh shares in Open Int
Nifty Calls add 50 lakh shares in Open Int
Nifty 5400 Put adds 15 lakh shares in Open Int
Nifty 4900 Put adds 15 lakh shares in Open Int
Nifty 5100 Put adds 12 lakh shares in Open Int
Nifty 5400 Call adds 12 lakh shares in Open Int
Nifty 5700 Call adds 9.4 lakh shares in Open Int
Stock Futures add 3.1 crore shares in Open Int
FIIs in F&O on August 27
Net sell Rs 222 crore in Nifty Futures
Net buy Rs 2806 crore in Nifty Options
Market cues:
DTC to be presented in parliament today
US mkts surge on Friday, Dow ends above 10,000
Asian markets firm in early trade
FIIs were net buyers of USD 33.5 million in equities on August 26
NSE F&O Open Int was up by Rs 8811 crore at Rs 1.41 lakh crore
As per provisional data of August 27, FIIs were net sellers of Rs 108 crore; DIIs were net buyers of Rs 240 crore in cash markets. FIIs were net buyers of Rs 2484 crore in F&O.
US Market:
US stocks rebounded to post their best gains in nearly four weeks on Friday, overcoming initial skittishness brought on by a revenue warning from Intel and dour comments from Federal Reserve Chairman Ben Bernanke.
Strong buying interest at a key technical level and short-covering sparked the market's comeback, and the tone improved as investors took a more positive view of Bernanke's comments about the economy and the Fed's readiness to act.
Bernanke told central bankers at a conference in Jackson Hole, Wyoming the recovery has weakened more than expected but the US central bank was ready to take further steps if needed to spur the recovery.
The Fed chairman downplayed concerns that the economy might slip back into recession, reassuring investors spooked by his recent comments the US economy faced "unusual uncertainty."
"Bernanke struck the right tone to say, 'We know things have been weaker than expected, but we still think we're going to get through this,'" said Scott Marcouiller, chief technical market strategist at Wells Fargo Advisors in St. Louis.
Intel Corp briefly helped take indexes lower after the chipmaker warned third-quarter revenue could fall short of its own estimates by more than USD 1 billion. But its shares finished up 1.1% at USD 18.37 after losing more than 15% since late July.
Shares in Intel were halted twice, once pending news and once after the stock triggered a circuit breaker.
"Even though the news is bad, the bad news is already in the valuation. Obviously business isn't going great there, but the stock is so cheap this doesn't matter," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.
The Dow Jones industrial average gained 164.84 points, or 1.65%, to 10,150.65. The Standard & Poor's 500 Index jumped 17.37 points, or 1.66%, to 1,064.59. The Nasdaq Composite Index climbed 34.94 points, or 1.65%, to 2,153.63.
Nonetheless, the Dow and S&P 500 racked up their third week of declines in a row. For the week, the Dow was down 0.6%, the S&P lost 0.7%, while the Nasdaq gave up 1.2%.
The stock market started on a positive note after US economic growth was revised down in the second quarter, but still the reading was better than expected. The debate over whether the economic recovery has hit a soft patch or is headed for a double-dip recession has plagued the market.
Although the data pointed to an even softer performance in the third quarter, investors were relieved that the reading was not as bad as feared.
"Coming into the day, expectations were it could be a miserable day. It didn't happen, so I have to think there was huge short-covering behind this rally," Marcouiller said.
Stocks that benefit from a strong economy were among the day's winners, with Caterpillar Inc and Boeing lifting the Dow. Caterpillar rose 3% to USD 65.90 and Boeing gained 3% to USD 63.16.
Shares of 3PAR Inc surged 24.7% to USD 32.46 after Hewlett-Packard Co again raised its buyout offer for the data storage company, leapfrogging a bid from Dell Inc. HP, a Dow component, dipped 0.6% to USD 38, while Dell rose 1.2% to USD 11.89.
Energy and materials shares also led the way up as the price of oil rose more than 2% over USD 75 a barrel. The S&P energy group jumped 2.8% and Chevron gained 2.2% to USD 74.93.

27 August 2010 Closing Market Updates

27 August 2010 Closing Market Updates 15:31
As stated earlier Nifty had very important support around 5470 level.As we have seen in last couple of days, |Nifty was sustaining below that level.Today also it had tried to overcome its resistance level of previous support of 5470 but it failed and market tanked all around.Nifty ended at 5397.25 shedding 80.65 points while Sensex ended at 17974 with 251.95 points down.
Among BSE Sectoral indices, only Oil and Gas Index closed in positive with 0.36% rise while Realty index was the top loser with 2.67% fall.
Oil and Petroleum stocks gained today.In Nifty 50 stocks, Gail gained 3.46% and ended at 462.Whereas DLF was the top loser by 3.63%  ended at 306.55.
Reliance Industries was the turnover topper as per the valuation and FCS Soft was the turnover topper by traded quantity.
Advance declined ratio was fairly negative with 3.47 : 1 as 1055 stocks declined and 304 stocks gained today on NSE.

26 August 2010 Closing Market Updates

26 August 2010 Closing Market Updates  15:32

Market ended flat on the day of Derivative August contract expiry. Nifty ended at 5478.30 with gain of 15.95 points and Sensex ended at 18218.05 with 38.41 points of gain. Nifty September month ended with 5.7 points in discount.
Among BSE Sectoral indices, top gainer FMCG Index rose by 0.92% and top loser Realty Index declined by 0.62%
Among Nifty50 stocks, NTPC was the top gainer with 2.55% and ended at 198.75 whereas Suzlon was the top loser with 2.82% and ended at 48.20.
SBI was the turnover topper by valuation and Prakash Steel was the highest traded stock on NSE.
Among 1340 stocks, 552 stcoks declined and 788 stocks declined today on NSE.

Food Inflation :
India's food price index rose 10.05% and the fuel price index climbed 12.57% in the year to August 14, government data released on Thursday showed.

Food inflation eased from the previous week's annual rise of 10.35% and fuel inflation remained unchanged.
The primary articles price index was up 14.75%, compared with week-ago's reading of 14.85%.

The wholesale price index , the most closely watched inflation gauge in India, rose 9.97% in July from a year earlier after remaining above 10% for five straight months until June.

25 August 2010 Closing Market Updates

25 August 2010 Closing Market Updates  15:31

Again market faced selling pressure on higher levels.Nifty ended just below of its crucial support of 5468.Sensex ended at 18167.13 with 144.46 points down and Nifty ended at 5456.15 shedding 48.95 points.

Market bias was negative and hence all BSE Sectoral Indices ended in negative.Realty Index was the top loser with 3.41% down.

Idea was the top gainer in Nifty50 stocks which gained 4.50% and ended at 70.85 while Unitech was the top loser with 3.83% and ended at 80.35.

New listed Prakash Steel gained 68.09% over its issue price.It was the turnover topper on NSE in the form of traded value and also the traded quantity.

Advance/Decline ratio was negative to 4.14 : 1 as1098 stocks declined and 265 stocks gained today on NSE.

25 August 2010 Daily Recommendations

25 August 2010 Morning Market Updates  08:51
Daily Recommendations :
Note : Follow Buy Calls in Positive Market bias and v.v.
Hold Long Bhartiartl sl 320 T 328
Conditional Buy:
M&M Abv 632 sl 627 T 647
Rcom Abv 170 sl 166 T 175
Rpower Abv 156 sl 154 T 159
Suzlon Abv 51 sl 50 T 53.5
Abirlanuvo sl 830 T 880
RNRL Abv 39 sl 38 T 41
                           
Sell:
Nifty Fut Bel 5468(close) sl 5490 T 5415
DLF Bel 319 sl 322 T 313
Gail Bel 450 sl 454 T 443
Herohonda Bel 1884 sl 1895 T 1868
ITC Bel 158 sl 161 T 154
JPAssociat sl 119.5 T 116.5
Maruti sl 1242 T 1215
Andhrabank Bel 152 sl 154 T 147
BankIndia Bel 453 sl 460 T 444
Canbk Bel 501               
Cumminsind sl 702 T 693
GMRInfra sl 61 T 59
HDIL Bel 282 sl 286 T1 277
Ibrealest Bel 185 sl 190 T1 178
IOB Bel    129 sl 132 T1 127
Lichsgfin sl 1234 T1 1220
Yesbank sl 333 T 321
Jaicorpltd sl 282 T 268


 The Nifty futures’ open interest increased by 1.64%
while Minifty futures’ open interest decreased by
8.09% as market closed at 5505.10 levels.
 The Nifty Aug future closed at a premium of 5.25
points, against a discount of 6.60 points in the last
trading session. On the other hand, Sep future closed
at a premium of 13.05 points.
 The PCR-OI increased from 1.72 to 1.73 points.
 The Implied volatility of At-the-money options
increased from 15.00% to 15.50%.
 The total OI of the market is Rs1,97,762cr and the
stock futures OI is Rs52,882cr.
 Rollover for Nifty futures is 42.17% and for Minifty
futures is 46.14%
US Market Updates :
Dow Jones Industrial Average closed down 133.96 points, or 1.3%, at 10,040.45, with the index moving back into a triple-digit loss late in the session, its fourth straight down session.
The blue-chip average briefly fell as low as 9,991.18 earlier, its first dip below the 10,000 mark since the first week of July.
Of the Dow's 30 components, all but five closed in the red. The Nasdaq Composite Index declined 35.87 points, or 1.7%, to 2,123.76.

24 August 2010 Closing Market Updates

24 August 2010 Closing Market Updates  15:31

Weak global cues induced traders for booking profits at higher levels. Nifty ended at 5503.25 down by 40.25 points and Sensex ended at 18300.76 shedding 108.59 points.Asian and European major markets were trading 1% down at the closing of Indian market.

Among BSE Sectoral Indices, FMCG index was the top gainer by 0.40% whereas Realty Index plunged the most by 2.72%.

Among Nifty50 stocks, Cairn India was the top gainer and ended at 353.80 with 2.98% of gain. Hindalco was the top loser with 4.82% drop and ended at 168.

SBI was the turnover topper on the basis of valuation and Ispat industries by number of quantity traded today on NSE.

Advance/decline ratio was negative to 2.13 : 1 as 914 stocks declined and 429 stocks gained today on NSE.

24 August 2010 Recommendations

24 August 2010 Recommendations :

Note : Follow Buy recommendations in Positive Bias and v.v.

Buy :

Abb Abv 783 sl 776 T 793/806 P

Bhartiartl Abv 321 sl 316 T 330 P

Bhel sl 2497 T 2531

Cairn Abv 347 sl 341 T 360 P

Hold Long Cipla sl 314 T 324

Idea Abv 71.8 sl 71 T 73

Infosystch Abv 2825 sl 2809 T 2841

M&M Abv 634 sl 627 T 647

Rpower Abv 156 sl 154 T 159

IVRCLInfra Abv 167 sl 164 T 172

Sell:

CairnBel 339 sl 342 T 331

Grasim Bel 2064 sl 2087 T 2037

HDFC Bel 627 sl 634 T 618

HDFCBank sl 2196 T 2154 P

ITC Bel 158 sl 161 T 154

Tatamotors sl 1022 T 992

Crompgreav Bel 285 sl 288 T 280

Stocks in News : (Source moneycontrol.com)

Cairn India

-Discovered oil, gas in KG onshore Block

-Have notified KG Basin oil, gas discovery to DGH

ONGC, GAIL and Oil India may jointly make a counter bid for Cairn India – Reports

Gateway Distriparks

-Blackstone completes process of investing Rs 300 crore in Gateway Rail Freight

Alert : Blackstone committed in November 09, 2009 to invest in the compnay

PTC India

-RBI gives Infrastructure Finance Company status to PFS

-PFS : Is a subsidiary of PTC

TARO Preliminary Unaudited and Unreviewed

Q2CY10 YoY

-Revenue at USD 98 million versus USD 96.8 million

-Profit up 51% to USD 18.9 million versus USD 12.5 million

Ex-Dates

-Hindalco Industries : Ex-Dividend @ Rs 1.35/share

-Maruti Suzuki : Ex-Dividend @ Rs 6

-REC : Ex-Dividend @ Rs 3.5/share

Other stocks and sectors that are in news today:

-NTPC may get Rs 2000 crore refund for scrapped hydel unit – DNA

-TPG close to buying out Vishal Retail, lenders approved the revised bid from TPG – Mint

-Titagarh Wagons : Board meet on August 27 to issue warrants to promoters

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.

23 August 2010 Closing Market Updates

23 August 2010 Closing Market Updates 15:31

Instead of positive European indices, our market ended flat. Oil and Petroleum stocks gained.Nifty ended at 5540.90 with 10.25 points of gain and Sensex ended 2.91 points in negative at 18398.91.

Consumer Durables Index gained the max with 4.46% followed by PSU Index with 1.01% whereas FMCG Index was the top loser with 1.21%

In Nifty50 stocks, BPCL gained 11.42% to end at 778.50 while JP Associates lost the maximum with 2.43% to end at 120.65.

In NSE, BPCL was the top traded stock by value and Ispat Industries by traded quantity.

Advance/ Decline Ratio was positive to 1.52 : 1 as 817 stocks gained and 534 stocks declined today on NSE.

23 August 2010 Recommendation

23 August 2010 Morning Market Updates :

Recommendations :

Buy	Abb		Abv	784	sl	778	T	795
Buy	Cipla		Abv	315	sl	312	T	320
Buy	Jindalstel		Abv	693	sl	688	T	700/712	P
Hold Long	LT				sl	1863	T	1883
Buy	Reliance		Abv	992	sl	982	T	1004
Buy	Ster		Abv	161	sl	158	T	167
Hold Long	Glaxo				sl	1998	T	2046
Buy	Mphasis		Abv	605	sl	601	T	612
Buy	RNRL		Abv	39	sl	37	T	43
Sell	BankNifty		Bel	11000	sl	11034	T	10940
Sell	Cairn		Bel	341	sl	343	T	337
Sell	Maruti		Bel	1232	sl	1240	T	1216
Sell	Tatamotors				sl	1023	T	990
Sell	Colpal				sl	831	T	811
Sell	Crompgreav		Bel	284	sl	288	T	274
Sell	LICHSGFIN		Bel	1206	sl	1217	T	1184	P

Stocks in News : (Source : Moneycontrol.com)

GST Update (Sources)
-Tax reforms set to suffer delays
-GST may be delayed by up to a year

Board Meet
-Crest Animation : Restructuring
-Prime Focus : Stock Split

Other stocks and sectors that are in news today:-Vardhman Textiles : Board approves Fund raising Via QIP  
-Gujarat Pipavav IPO opens today
-Foreign trade policy today
-Aurobindo Pharma receives USFDA approvals for Ampicillin for Injection
-Maharaja Shree sold property in Jaipur worth Rs 158 crore (market Cap at Rs 197 crore)
-JSPL : Government of Republic of Bolivia has provided additional 3000 acres of land for Steel plant
-State Bank of Mysore : Board Meet on August 25 to approve details of Rights Issue
-Paramount Communications: Proposed to SBI for Corporate Debt Restructuring
-SEBI wants listing of all MFs – BS
-IT department objects GTC land sale in Mumbai – PTI 
-Dabur to rope in strategic investors for retail venture – BS
-Govt rethinks on the 26% profit sharing on Mining co, alternate option is to mull fund that will be used for social uplift – FE
-Zenotech Labs open offer extended by a week to Aug 30
-IVRCL plans to raise Rs 600 crore via QIP in IVRCL assets and Rs 250 crore in Hind Dorr – DNA
-SABMiller considering USD 11 billion bid for rival Foster’s

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.

 

20 August Closing Market Updates

20 August Closing Market Updates  15:31

Market traded in very narrow range and ended flat inspite of Asian markets ended negative,European markets were trading down more than half percentage and US Market futures were also trading in negative.Nifty ended at 5528.20 with 12 points in negative and Sensex ended at 18385.80 with 69.14 points dip.

Among BSE Sectoral Indices, Realty Index gained the most with 1.64% and FMCG was the top loser with 1.07%.

DLF was the top gainer in Nifty50 stocks with 3.89% and ended at 334 whereas Tatamotors was the top loser in the index with 2.54% and ended at 1014.

On NSE, Reliance industries was the turnover topper stock by valuation while Unitech was the top traded stock by quantity traded.

Market breadth was negative as 755 stocks declined and 582 stocks gained on NSE today.

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20 Aug 2010 Intraday Recommendations

20 August 2010 Morning Market Updates  08:52
Daily Recommendations :
Note:Follow Buy recommendation in Positive Market Bias and v.v.

Buy	Aban				sl	822	T	854
Buy	Bhartiartl		Abv	320	sl	315	T	328	P
Buy	Bhel		Abv	2489	sl	2480	T	2502
Buy	Herohonda		Abv	1915	sl	1904	T	1938
Buy	ICICIBank				sl	998	T	1048
Buy	IDFC		Abv	186	sl	183	T	191
Buy	M&M		At 600-605		sl	588	T	632
Buy	Ster				sl	157	T	165
Buy	Mcdowell-n				sl	1420	T	1461	P
Buy	OFSS		Abv	2105	sl	2085	T	2130/2148	P
Sell on rise	Jindalstel				sl	711
Sell	Ranbaxy				sl	480	T	468
Sell	SBIN		Bel	2796	sl	2805	T	2772
Sell	Unitech				sl	85	T	81
Sell	HDIL		Bel	287	sl	291	T	281
Sell	Ibrealest				sl	194	T	183
Sell	Apil		Bel	728	sl	733	T	719

US Market Updates :
U.S. stocks ended sharply lower Thursday as a gloomy jobs report and other downbeat reports put the U.S. economic recovery in doubt and overshadowed fresh merger and acquisition activity.The hit to Wall Street came as economic reports showed weekly jobless claims rising to a nine-month high.The Dow Jones Industrial Average fell 144.33, or 1.4%, to end at 10271.2, with all 30 blue-chip components in the red for the day.The Nasdaq Composite /quotes/comstock/10y!i:comp (COMP 2,179, -36.75, -1.66%) declined 36.75 points, or 1.66%, to 2,178.95.

19 August 2010 Closing Market Updates

19 August 2010 Closing Market Updates  15:31

After a flat opening, market rallied on buying in heavy weights.Banking also supported today's rally.Nifty ended at 5537.90 with gain of 58.75 points and Sensex ended at 18442.46 with 185.34 points positive.

India's food price index rose 10.35% and the fuel price index climbed 12.57%. Both food and fuel inflation eased from the previous week's annual rise of 11.40% and 12.66% respectively.
Among BSE Sectoral Indies, Bankex gained the most by 1.92 % and Realty Index was the main loser with 0.71%.
Among Nifty50 stocks Ambuja cement was the top gainer with 10.68% on cement prices raising while Unitech was the top loser.
Icici bank was the turnover topper in terms of value whereas Thomascook was the top traded stock in NSE.
Market breadth was positive as 833 stocks gained and 511 stocks declined today on NSE.

19 August Morning Market Updates:

19 August Morning Market Updates:
Stocks that are in news today:

Results Today: Ballarpur Industries (BILT)
Bajaj Auto, DRL & Sesa Goa to be included in Nifty

ABB, Idea & Unitech excluded from Nifty
Changes to take place with effect from October 1
Cabinet and CCEA meet today
Agenda: Import duty on power equipment; direct taxes code bill ; proposal to impose 19% import duty on power equipment
SEBI
Revises norms for investment & disclosure by MFs in derivatives
Exposure to any counterparty in interest rate swap capped at 10% of net assets
Gati
Announced demerger of its shipping division into a wholly owned subsidiary
Company is also looking for a strategic or financial partner in the newly hived-off entity
Gillete India
Sales at Rs 252 crore versus Rs 184 crore (up 37% YoY)
PAT at Rs 19 crore versus Rs 38 crore (Down 50% YoY)
Other stocks and sectors that are in news today:
MIC bags orders worth Rs 20.64 crore
SREI Infra to buy 60% stake in Millicom’s tower assets for Rs 400 crore
Religare Technova acquires equity stake in forming strategic partnership with Chase Cooper
Mahindra Lifespace starts construction in Mahindra World City, Jaipur's Manufacturing Zone
Arshiya Int plans to raise Rs 7500 crore from stake sale for expansion
Greaves Cotton to set up Rs 100 crore plant in Aurangabad
Asyrazenace nears second outsourcing deal with Indian Co Intas – DNA
GVK’s Power biz to raise USD 280 million from PE Players 3i and Actis – BS
Board Meet -Royal Orchid Hotel: Fund Raising
Vardhman Textiles board meet on August 21 to consider various possibilities to raise funds in the Company.F&O cues:

Futures Open Int up by Rs 2320 crore
Options Open Int up by Rs 1598 crore

Nifty Fut shed 2.16 lakh in Open Int in August
Nifty Futures add 9.6 lakh shares in Open Int in Sep
Nifty Futures at 5 pts prem versus 10.8 pts prem
Nifty Open Int PCR at 1.57 versus 1.45
Nifty Puts add 46.5 lakh shares in Open Int
Nifty Calls shed 24 lakh shares in Open Int
Nifty Aug 5500 Put adds 13.5 lakh shares in Open Int
Nifty Sep 5400 Put adds 9.15 lakh shares in Open Int
Nifty Aug 5400 Put adds 7 lakh shares in Open Int
Nifty Sep 5300 Put adds 5.25 lakh shares in Open Int
Nifty Aug 5500 Call sheds 18.7 lk shrs in Open Int
Nifty Aug 5400 Call sheds 17 lk shrs in Open Int
Stock Futures add 4.55 cr shares in Open Int
FIIs in F&O on August 18
Net buy Rs 517 crore in Nifty Futures
Net buy Rs 135 crore in Nifty Options
Net buy Rs 194 crore in Stock Futures
Market cues:

FIIs were net buyers of USD 110.5 million on August 17
MFs were net sellers of Rs 170 crore on August 17

NSE F&O Open Int ws up by Rs 3918 crore at Rs 1.78 lakh crore
As per provisional data of August 18, FIIs were net buyers of Rs 674.5 crore; DIIs were net sellers of Rs 113.5 crore in cash markets. FIIs were net buyers of Rs 814 cr in F&O.
FIIs were net buyers to the tune of Rs 1054 crore in F&O; they were net buyers of Rs 161 crore in Nifty Futures and net buyers of Rs 1051 crore in Nifty Options.

Nifty Open Interest (OI) PCR stood at 1.45 versus 1.44. Nifty September 5300 Put added 4.5 lakh shares in OI while Nifty August 5500 Call adds 3.7 lakh shares in OI. Stock Futures added 6.2 crore shares in OI.
Speculative long buildup was seen in UCO Bank. The stock rose 5.5% and its OI was up 19%. Long buildup was seen in IFCI; the stock rose 2% and OI was up 10%. Delivered volume stood at 71 lakh shares versus 43 lakh.

Long buildup was also seen in India Infoline and ITC. India Infoline shot up 8% and its OI was up 8%. Delivered volume stood at 33 lakh shares versus 13 lakh.
ITC gained 1.2% and its OI was up 15%. Delivered volume stood at 36 lakh shares versus 20 lakh.
US Markets:
US markets ended with modest gains but the S&P was still below the key 1100 level. Consumer discretionary, telecom and technology gained while energy and utilities stocks ended lower.

In economic data, US mortgage applications soared last week on the strongest demand for home refinancing loans in 15 months. Meanwhile the US Government data showed crude inventories rose to the highest level since weekly records began in 1990. The data follows Tuesday's report from the American Petroleum Institute, which showed a surprisingly large build in supplies.
n key data to watch from US, the initial jobless claims would be announced later Today. Polls indicate that the claims may come in lower than the previous week at 480,000. Jobless claims for the august 7 week rose by 2,000 to 484,000, the highest level since February.

The August Philadelphia Fed survey is also going to be released today. Polls indicate that it may rise to 7 after easing to 5.1 in July indicating a slower rate of growth. But there is a possibility of decline in August as the new orders index fell to minus 4.3 to mark an end to a year long string of growth.
The July conference board's index of leading indicators is expected to rise to 0.1% after it fell 0.2% in June. Last month's decline was the second dip in three months.
In the currency space, it was a choppy run for the dollar. It gained as the euro failed to hold above a key psychological level of 1.29. However, the greenback came under fresh selling pressure against the yen, moving toward recent 15-year lows.
It was a volatile session for oil. Crude prices slipped after US government data showed inventories at record levels. But a bounce in US equity markets pulled crude futures well above intra-session lows.
Meanwhile, gold continued its upward rally rising nearly 3% in the last five sessions. Strong physical demand and the dollar's initial loss triggered technical buying in the yellow metal.
In the base metal space- copper saw buying on improved demand outlook but saw marginal losses in Asia trade this morning on the dollar's relative strength.

18 August 2010 Closing Market Updates

18 August 2010 Closing Market Updates 15:31
Nifty ended at 5486.35 with 72.20 points positive and Sensex gained 233.35 points and ended 18282.20.

18 Aug 2010 Morning Market Updates

17 Aug 2010 Closing Market Updates

17 Aug 2010 Closing Market Updates 15:31

Market opened in positive but profit booking on higher level again witnessed and wiped early gains.Market ended flat Nifty ended at 5420.95 with 2.65 points up while Sensex ended at 18061.80 with 11.02 points of gain.

Among BSE Sectoral Indices, Bankex gained the most by 0.94% whereas Power Index was the major loser by 0.36%.

In Nifty50 stocks, BPCL was the top gainer by 2.85% where as Suzlon was the top loser by 2.29%.

SKS Micro was the turnover topper in terms of turnover value and FCS Soft was the stock which traded most.

Overall market breadth was negative as 704 stocks declined and 636 stocks declined today on NSE.

17 August 2010 Intraday Recommendation

17 August 2010 Morning Market Updates  08:44

Intraday Recommendations :

FYI

Buy:

Axisbank sl 1324 T 1352   

Bhartiartl Abv 321 sl 318 T 327   

Grasim Abv 1974 sl 1960    T 2009   

IDFC Abv 184 sl 181 T 188.5   

Jpassociat sl 116 T 121(High Risk High Return)

NTPC Abv 198 sl 196 T 201   

Bajaj-auto Abv 2678 sl 2665 T 2700   

Biocon at 328-330 sl 325 T 336   

Federalbnk Abv 338 sl 334 T 344   

Moserbaer Abv 64.5                   

Tulip Abv 185 sl 183 T 189

Sell:

Bhel sl 2478 T 2448

Cairn sl 338 T 325

Hcltech Bel 399 sl 405 T 392

HDFC sl 2995 T 2964

Hindalco Bel 163 sl 166 T 157

ICICIBank at 962 sl 966 T 951/943

SBIN Bel 2809 sl 2818 T 2791

Apil Bel 723 sl 730 T 713

Essaroil Bel 128 sl 130 T 124

Stocks in News :

Vedanta-Cairn deal: Sources
-Vedanta-Cairn deal may not require govt approval
-Plain reading of PSC doesn't indicate need for explicit nod

Vedanta - Sources-Trouble brews for Vedanta on Orissa Mines front
-FAC to meet on August 20 to discuss Vedanta report

Sterlite- bauxite mining issue
-4 member committee advised MOEF against allocation of the Nyamgiri bauxite mine to Vedanta
-Committee has cited environmental and local people issues.
Alert: Negative for Sterlite

- Cox & Kings - Sources
-Cox & Kings launches GDR issue
-Cox & Kings offer for 53.41 lakh GDRs (Approximately USD 65 million)
-Offer with greenshoe option of 28.75 lakh additional GDRs
-Cox & Kings offer price at Rs 569.2/share (USD 12.17/GDR)
 ICICI Bank
-Ups PLR & floating reference rate by 50 bps W.e.f August 18

Apollo Hospital
-Ties up with Stemcyte of US;
-To invest USD 50 million on research
-Have 50:50 partnerships in the initiative

 Ex-Dates
-Colgate Palmolive : Ex-Dividend @ Rs.10/shr
-Dalmia Cement : Ex-Dividend @ Rs.1/shr
-Dredging Corp : Ex-Dividend @ Rs.3/shr
-Indraprastha Gas : Ex-Dividend @ Rs.4.5/shr
-Jagran Prakashan :Ex-Dividend @ Rs.1.5/shr
-L&T : Ex-Dividend @ Rs.12.5/shr
-Lanco Inds : Ex-Dividend @ Rs.1.5/shr
-Surana Telecom : Ex-Scheme of arrangement

Other stocks and sectors that are in news today:
-Stocks Include in T2T w.e.f from August 20, Essar Shipping, Abhisekh Ind., Future Capital, Ramsarup Industries
-Siemens VAI: bags 10 million Euro Order From SAIL For Orissa Plant (not in Siemens India)
-Engine Faults ground 9 Kingfisher jets – ET
-Mahindra Satyam wins Upaid case – ET 
-JSPL acquires land to start USD 2.1 billion. steel plant in Bolivia – ET
-Biocon shares surge of Pfizer deal talks – ET
-HDFC Ventures buy 10% in Lodha Projects for Rs 250 crore – ET
-Wipro plans second pay rise on October – BS
-Gujarat Pipavav Port issue opens on Aug 23
-Redington India sings distribution tie up with Imation India Pvt. Ltd for their storage media products
-SR Inds board to consider Right Issue on 21 August
-Royal Orchid board meet on 19 August to consider NCD &/or equity linked Instruments (QIP)
-Biocon launches new healthcare division for critical illnesses & acute hospital acquired infections   

F&O cues:

Futures Open Int was up by Rs 152 crore

Options Open Int up was up by Rs 1763 crore

Nifty Futures add 50k shares in Open Int in Aug

Nifty Futures add 3.6 lakh shares in Open Int in Sep

Nifty Futures flat versus 4 pts prem

Nifty Open Int PCR at 1.44 versus 1.49

Nifty Puts add 2.1 lakh shares in Open Int

Nifty Calls add 24 lakh shares in Open Int

Nifty Aug 5500 Put shed 9.4 lakh shares in Open Int

Nifty Aug 5400 Put sheds 5 lakh shares in Open Int

Nifty Aug 5400 Call adds 12.5 lakh shares in Open Int

Nifty Aug 5500 Call adds 5.5 lakh shares in Open Int

Nifty Sep 5300 Put adds 5 lakh shares in Open Int

Stock Futures add 3.8 crore shares in Open Int

FIIs in F&O on August 16

Net buy Rs 114 crore in Nifty Futures

Net buy Rs 626 crore in Nifty Options

Net sell Rs 557 crore in Stock Futures

US Market Updates :

In the US, stocks ended flat after trading in a narrow range. Technology stocks were among the major gainers.

Dow Jones Industrial Average ended flat at 10302.01. Nasdaq Composite was up 0.39% or 8.39 points at 2181.87. Standard & Poor's 500 ended flat at 1079.38.