Tuesday, August 17, 2010

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.


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