29 Sept 2010 Closing Market Updates

29 Sept 2010 Closing Market Updates  15:31

Initially market opened positive with a half percentage but because of the most awaited result of Ayodhya issue will be announced tomorrow, punters preferred to be cautious and book profits on higher levels.Market ended  in negative territory. Nifty ended at 5984.60 with 44.90 points in negative whereas Sensex ended at 19933.38 falling 171.48 points today.

Among BSE's13 sectoral indices, only IT,Auto and Healthcare indices gained. IT index was the leading gainer with 0.33% whereas Metal index was the top loser with 1.88% fall.

Tatamotors was the top gainer in Nifty50 stocks and ended at 1105.40 with 2.30% gains whereas Ster declined the most by 8.85% as Madras court ordered to to immediately shut down Sterlite copper smelting plant in Tamil Nadu. In response to the Madras High Court’s order the company seeks to stay closure order for three weeks. For this it has approached the Court. The closure was ordered on the grounds that the factory violated a number of environmental norms.The stocks ended at 160.65.

Sterlite Industries was the turnover topper on NSE by its traded value whereas Indosolar was the top traded stock on NSE.

Market breadth was negative as 959 stocks declined and 383 stocks gained today on NSE.

 

29 Sept 2010 Recommendation

FYI

Today's Recommendations :
Note:Follow Buy recommendations in positive mkt bias & v.v.
Buy Jindalstel sl 703 T 722
Buy SAIL Abv 210 sl 206 T 217
Buy Bharatforg Abv 365 sl 361 T 371
Buy Concor Abv 1331 sl 1300 T 1400(P)
Buy HDIL Abv 275 sl 271 T 281
Buy IDBI sl 150 T 158
Buy Indhotel Abv 105 sl 103 T 109
Buy Patni Abv 450 sl 438 T 490(P)
Buy RNRL sl 37 T 46(P)
Sell BPCL Bel 773 sl 783 T 760
Sell Gail Bel 474 sl 478 T 470
Sell ICICIBank Bel 1096 sl 1105 T 1078
Hold Short Idea sl 75.75 T 73
Sell Relcapital Bel 806 sl 811 T 796
Sell SAIL Bel 203 sl 206 T 198
Sell TCS sl 927 T 916
Sell Andhrabank Bel 161 sl 164 T 155
Sell Crompgreav Bel 312 sl 316 T 306
Sell Drreddy sl 1464 T 1443
Sell Hindpetro Bel 535 sl 540 T 528
Stocks that are in news today:
Madras HC orders closure of Sterlite’s copper plant (Sterlite's copper division accounts for 9-10% of total PAT and the impact will depend on the outcome of the legal process)
Sterlite says 
Tuticorin Smelter been operating for more than 12 years
Tuticorin smelter has been in compliance with necessary rules, regulations
Tuticorin Smelter deploys technology considered environmentally friendly globally
Company is one the largest in Tamil Nadu;employs around 3000 people
Company Contributes about Rs 1600 crores to the exchequer annully
Sterlite ADR down 4.2%
Ashoka Buildcon
Total 15.94x
QIB 25.52x; HNI13.91x; Retail 3.46x; Employee 1.21x
Sea TV (closes today)
Total at 1.74X
QIB at 0.8X, HNI at 5.34X, retail at 1.54X
Bedmutha (closes Oct 1st)
Total 0.42X
QIB at 0X, retail at 0.17X, HNI at 2.39X
Tecpro (closed yest)
Total 24.47X
QIB at 27.99X, retail at 9.07X, HNI at 62.48X
New Banking Licenses:
Sources say RBI Deputy governor Usha Thorat to hold meeting with industry bodies
Sources say KV Kamath, Chanda Kochhar likely to represent IBA
Sources say OP Bhatt, MV Nair, Aditya Puri likely to represent IBA
Sources say September 30 last date to submit suggestions on bank licenses
Fin Secy :: Says:
RBI, SEBI, Fin Min Keeping Tight Watch On Inflows
Not Time For Any Drastic Steps To Control Inflows
Providing For OMCs' Subsidies Will Be Decided By Cabinet
No Decision On Deregulating Diesel As Of Now
No Active Thinking To Deregulate Diesel Prices Now
Sharad Pawar Says Duty-free Rice Import To Continue Till January
Murli Deora Invites Kuwait To Participate In NELP IX
Other stocks and sectors in the news
Indosolar listing today, issue price at Rs 29 (lower end of price band 29-32; total subscription at 1.55X)
Mahindra Satyam to declare audited numbers for FY09, FY10 numbers today
Shoppers Stop launches QIP for Rs 130 cr; to issue 20 lakh shares at Rs 649/sh
BL Kashyap - ex bonus 1:1 & ex split 5:1
ITC & EIH to combine hotel biz, become largest hospitality chain; RIL to stay clear of management – FE
L&T To make L&T Inra development wholly owned sub, to buy out IDFC PE and JP Morgan Stake for Rs 740 cr – ET
Global PE players eyes 25% stake in Welspun Maxsteel – ET (Its unlisted co of Weslpun group)
Global group owned by Manoj Tirodkar under IT lens for false billing – ET
Harrisons to invest in Asean, Africa plantations – BS
Bank of Mysore rights issue closes today
Voltaire Leasing open offer at Rs 14/sh
Surana Ventures plans to raise Rs 60 cr via QIP/PE – DNA
F&O cues:
Futures Open Int up Rs 626 crore
Options Open Int up Rs 724 crore
Nifty Sep Fut shed 41 lakh shares in Open Int
Nifty Sep Fut at 20-point premium
Nifty Oct Fut add 47 lakh shares in Open Int
Nifty Oct Fut at 34-point premium
Nifty Open Int PCR at 1.98 versus 1.94
Nifty Puts add 16 lakh shares in Open Int
Nifty Calls shed 6 lakh shares in Open Int
Nifty Sep 6100 Put adds 13 lakh shares in Open Int
Nifty Sep 6100 Call adds 3.5 lakh shares in Open Int
Nifty Sep 5900 Call sheds 5.8 lk shares in Open Int
Nifty Sep 6000 Call sheds 5.2 lk shares in Open Int
Stock Futures add 1.8 cr shares in Open Int
Marketwide rollver at 49% versus 45% on D-2 of August series
Nifty rollover at 47% versus 42% on D-2 of August series
FIIs in F&O on September 28
Net sell Rs 602 crore in Nifty Futures
Net buy Rs 182 crore in Nifty Options
Net sell Rs 477 crore in Stock Futures
Market cues:
US markets rally, Europe ends off lows
Asia opens in green

FIIs were net buyers of USD 290 million in equities on September 27
NSE F&O Open Int up by Rs 1350 crore at Rs 2.11 lakh crore
As per provisional data of September 28, FIIs were net buyers of Rs 573 crore; DIIs were net sellers of Rs 905 crore in cash markets. FIIs were net sellers of Rs 925 crore in F&O.
US Markets:
US consumer confidence fell to its lowest level in seven months in September, underscoring lingering worries about the strength of the economic recovery.

But in a sign of stabilization in the housing market, U.S. home prices hovered above multi-year lows without the help of the homebuyer tax credit that ended in April.
The day's data is the latest to give a mixed signal on the economy, with a 9.6 percent unemployment rate and still-tight access to credit among factors hurting consumers and keeping concerns about a double-dip recession alive.

"With unemployment at a 26-year high, confidence among consumers remains weak. This decline in sentiment will give the Fed a stronger reason to increase stimulus in November," said Kathy Lien, director of currency research at GFT in New York.
The Federal Reserve said last week it was prepared to put more money into the economy, if needed, to stimulate the recovery and avoid deflation.
The Conference Board's index of consumer attitudes fell to 48.5 in September from a revised 53.2 in August, pressured by a weak labor market and environment for companies.
That was below the median of forecasts from analysts polled by Reuters, which was for a September reading of 52.5. The August reading was revised down slightly from an original 53.5.
The report also showed inflation expectations eased slightly, even with the Fed's stance on the economy.
U.S. stocks initially extended declines following the confidence data, but ended the day higher as investors snapped up some of the month's better-performing sectors.
Though weak stock market prices weighed on consumer morale, the benchmark Standard & Poor's 500 index is on track to rise 9.4 percent in September after a 4.7 percent decline last month.
"Consumer confidence is being sapped by high unemployment, low equity prices and now a renewed decline in house prices. This all suggests that the outlook for consumption growth remains ominous," said Paul Dales, a U.S. economist at Capital Economics in Toronto.
The 30-year Treasury yield fell nearly 7 basis points to 3.66 percent, its lowest in about three weeks, while the dollar slumped against the euro.
At the same time, gold rose to a fresh record high as reports fueled views the central banks would stimulate the economy with new liquidity.
The Standard & Poor's/Case-Shiller data showed U.S. home prices declined in July.
The index of 20 metropolitan areas was down 0.1 percent in July from June on a seasonally adjusted basis, as expected in a Reuters poll. But it followed a 0.2 percent June rise, which was revised down from a 0.3 percent increase.
BUSINESS OUTLOOK WEAKENS
Last Friday the Thomson Reuters/University of Michigan's preliminary September reading on U.S. consumer sentiment was worse than expected and at the weakest level in more than a year.
In another sign of concerns over the outlook for the U.S. economy, a U.S. Business Roundtable survey found the number of CEOs who expect their companies' sales and U.S. headcount to rise over the six months declined in September.
The Business Roundtable's CEO Economic Outlook Index declined to 86 in September from 94.6 in June.
In contrast to U.S. sentiment indicators, overseas data Tuesday showed the consumer mood in Germany and Italy improved and French consumer spending rose during the summer.
President Barack Obama, who is travelling across the United States this week to try to drum up voter enthusiasm ahead of the November U.S. congressional elections, signed a $30 billion small business lending bill into law on Monday.
With worries about the economy in the forefront, opinion polls suggest the Nov. 2 mid-term elections could result in the Republicans wresting control of Congress from the Democratic Party.
HOME PRICES UP VERSUS YEAR AGO
S&P, which publishes the home price indexes, also said home prices in the 20 cities index rose 3.2 percent from July 2009, a slower annual pace than the 4.2 percent increased in June.
Data last week showed new home building rose in August and sales of previously owned houses crawled off a 13-year low.
Analysts have been watching for signs of stability in the housing market after declines seen with the end of a tax credit for home buyers in April.
"People are still waiting to get a set of numbers that has absolutely none of the government incentive in it for home buyers. From what I was able to gather, we are a couple of months away from that," said Peter Jankovskis, co-chief investment officer at Oakbrook Investments LLC in Lisle, Illinois.
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. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. By using this site you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions.

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 forthe 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/website 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.

DISCLAIMER

DISCLAIMER ABOUT OUR RECOMMENDATION(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. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. By using this site you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions.The sent and or published recommendations are 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 forthe 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/website 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.

27 Sept 2010 Closing Market Updates

27 Sept 2010 Closing Market Updates  15:31

Market ended with marginal gains as initial gains wiped out because of weakness in banking.Nifty ended at 6030.50 with 11 points of gain while Sensex ended at 20099.94 with 54.76 points in positive.

Among BSE Sectoral indices, Metal indices shone the maximum by 2.26%. FMCG index lost the most by 0.45%.

ABB gained the most by 3.58% among Nifty50 stocks and ended at 911.90 whereas HDFC Bank lost the most by 2.44% and ended at 2434.30.

Satyam computers was the turnover topper by number of trades as well as traded value ahead of disclosure of financials and getting back their lost clients.

Market breadth was slightly negative as 636 stocks gained while 706 stocks declined today on NSE.

24 Sept 2010 Closing Market Updates

24 Sept 2010 Closing Market Updates  15:31
All round buying in all sectors lifted the indices to close at new high since January 2008.Nifty gained 51.15 points and ended at 6010.70 as well as Sensex ended at 20020.11 with 159.10 points gain.
All sectoral indices ended in green except IT index.

23 Sept 2010 Closing Market Updates

23 Sept 2010 Closing Market Updates  15:31

Market corrected for consecutive second day as profit booking in heavy weights like Reliance, Bhartiartl.

Nifty ended at 5955.55by losing 35.45 points and Sensex ended at 19846.57 with 95.15 points down.

Among BSE Sectoral indices, FMCG index gained marginal by 1.1% and Realty index plunged the most by 2%.

Hindustan Lever was the top gainer in Nifty50 stocks by gaining 1.95% which ended at 303.80 whereas top loser was Unitech which lost 2.71% and ended at 82.65.

Market breadth was negative as 764 stocks declined and 582 stocks gained on NSE today.

22 Sept 2010 Sensex crossed 20 k mark

22 Sept 2010 Closing Market Updates 15:31

Market corrected today after making new high.Sensex made a day high of 20105 and ended at 19914.10 losing 87.45 points where as Nifty lost 27.25 points and ended at 5981.80.

Among BSE Sectoral Indices, Consuner durable index rose the most by 0.95% but realty plunged by 1.62%.

In Nifty50 stocks, Maruti gained the most by 3.43% and ended at 1461.50 and top loser was JPAssociates which lost 3% and ended at 119.70.

Satyam computers was the turnover topper by the number of trades as well as traded value.

Today market breadth was negative as 916 stocks declined and 432 stocks gained on NSE.

21 Sept 2010 Closing Market Updates

21 Sept 2010 Closing Market Updates  15:33
Market continued its northward journey and ended with marginal gains after making new high.Nifty gained 27.80 points to end up at 6008.25, first time after Jan,2008 similarly, Sensex gained 94.90 points to end above 20001 after Jan 2008.

20 Sept 2010 Closing Market Updates

17 Sept 2010 Closing Market Updates

17 Sept 2010 Closing Market Updates  15:31
Market opened gap up and traded flat. In the last hour market market mover, Reliance and Banking stocks lift the indices to end up at day's high.Nifty gained 65.45 points and ended at 5894.15 whereas Sensex gained 200.52 points to end at 19618.01
All the BSE Sectoral Indices gained today as all round buying seen in the market,HC index gained the most by 2.28%
In Nifty50 stocks, Rcom gained the most by 6.54% and ended at 168.50 whereas Wipro was the top loser by 1.05% and ended at 419.
Reliance Industries was the turnover topper by the valuations and Ispat Industries by the traded quantity.
Market breadth was positive as 932 stocks gained and 422.

17 Sept 2010 Recommendations

17 Sept 2010 Morning Market Updates  08:50

Daily Recommendations :

Buy	Cairn				sl	333	T	341
Buy	Herohonda		Abv	1751	sl	1743	T	1785
Buy	Sesagoa		Abv	331	sl	324	T	339
Buy	Aptecht				sl	154	T	160
Buy	Apil				sl	770	T	781
Sell	Bhel		Bel	2449	sl	2459	T	2436
Sell	Gail				sl	474	T	462
Sell	Infosystch		Bel	2959	sl	2973	T	2938
Hold Short	Jindalstel				sl	702	T	688
Sell	Ranbaxy		Bel	501	sl	506	T	492
Sell	Tatamotors		Bel	1018	sl	1029	T	988	P
Sell	Bajaj-auto		Bel	1436	sl	1444	T	1424
Hold Short	Cumminsind	Ref.16/09			sl	732	T	718
Sell	Federalbnk				sl	370	T	359
Sell	Glaxo		Bel	1908	sl	1918	T	1897
Sell	JSWSteel		Bel	1183	sl	1192	T	1170
Sell	Mphasis		Bel	637	sl	645	T	628
Sell	Unionbank		Bel	365	sl	371	T	355
Hold Short	Tulip	Ref.16/09			sl	174	T	170
Sell	Renuka				sl	78	T	74

Stocks in News :

Ispat says
-Stemcor to acquire up to 10% in company via pref allotment
-Stemcor to help set up coke oven, pellet, power units
-Stemcor to provide about USD 75 million working capital to company
-Pricing and other terms investment still to be finalised
CNBC-TV18 Alert: Stemcor is world’s largest independent steel trader

Commercial vehicle makers - CNBC-TV18 exclusive
-Commercial vehicle makers to hike prices starting October: Srcs
-Price hike to be in the range of 2-3 % across models: Srcs
-Price hike on account of Euro 3 norms kicking in across country
-Tata Motors, Ashok Leyland & M&M to see a price hike

Ratan Tata Says
-FY11 will be important year for Tata Group
-Will be acquiring companies in steel, power, auto
-To look at aviation once sector picks up
-Tata Group will keep raising capital to fuel growth

Eros International Media IPO
-IPO opens today, issue of Rs 350 crore at price band of Rs 158-175/share
-Raises Rs 63 crore from anchor investors at Rs 175: Sources
-Anchor book was subscribed over 10 times: Sources
-Reliance MF, Blackstone, IDFC, Indus, Lloyd George, India capital participated: Sources

IPOs
-Microsec Fin Svcs IPO opens today, issue of 1.25 cr shares at price band of Rs 113-118/sh
-Tirupati Inks IPO closes today, subscribed 1.1x till now

ArcelorMittal says: Agencies
-Have revised India strategy
-Plan smaller steps with modular sites in India
-First domestic production expected in India by 2013

Power Ministry - Sources
-Power Ministry likely to send cabinet note on duty on power equipment in 10 days
-Power Ministry likely to send note if Finance Ministry doesn’t reply within 10 days
-DEA and revenue department yet to send comments on draft cabinet note
-Power Ministry has sent reminders to Finance Ministry
Alert: Draft cabinet note proposes to levy 19% duty on equipment
Alert: Move to affect Reliance Power, Tata Power, Adani Power

Q2 Advance tax: From Sources
-Bharti Airtel pays Rs 320 crore versus Rs 484 crore (YoY)
-Unitech pays Rs 30 crore versus Rs 5 crore (YoY)
-DLF pays Rs 30 crore versus Rs 20 crore (YoY)
-Maruti pays Rs 272 crore versus Rs 265 crore (YoY)
-Hero Honda pays Rs 156 crore versus Rs 136 crore (YoY)
-GAIL pays Rs 450 crore versus Rs 550 crore (YoY)
-NTPC pays Rs 500 crore versus Rs 600 crore (YoY)
-BHEL pays Rs 700 crore versus Rs 740 crore (YoY)
-Indiabulls Financial Services pays Rs 25 crore versus Nil (YoY)
-PNB pays Rs 657 crore versus Rs 420 crore (YoY)

Other stocks and sectors that are in news today:
-Cairn’s minority shareholders may get better deal; independent directors’ panel member says lower price to shareholders not good corporate governance practice
-Cabinet approves option trading in commodities
-Ex-dividend: DLF (Rs 2)
-Pantaloon Retail goes ex scheme of arrangement today - Transfer and vesting of product and format Brands pertaining to the Value Retail Business from Pantaloon into Future Value Retail

F&O Cues : 

F&O cues:

Futures Open Int down Rs 147 crore

Options Open Int up Rs 1577 crore

Nifty Sep Futures add 6 lakh shares in Open Int

Nifty Sep Futures at 13-point premium

Nifty Oct Futures add 6 lakh shares in Open Int

Nifty Oct Futures at 26-point premium

Nifty Sep 6000 Call adds 8 lakh shares in Open Int

Nifty Sep 6100 Call adds 6 lakh shares in Open Int

Nifty Sep 5700 Call sheds 8 lakh shares in Open Int

Stock Futures add 0.4 crore shares in Open Int

FIIs in F&O on September 16

Net sell Rs 647 crore in Nifty futures

Nifty futures Open Int up 46,612 contracts

Net sell Rs 1,035 crore in Nifty options

Nifty options Open Int up 41,701 contracts

Net sell Rs 853 crore in StoCk futures

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.

 

16 Sept 2010 Closing Market Updates

16 Sept 2010 Closing Market Updates  15:31


A volatile session ended with negative ground first time after 3rd Sept. Nifty ended at 5831.30 with 29.65 points dip whereas Sensex ended with 66.92 points down at 19435.19. 
Among BSE Sectoral indices,Realty index gained the most with 1.22% while IT index dipped the most by 2.29%
In Nifty50 stocks, Suzlon gained the most with 2.90% and ended at 53.15 whereas IT major Infosys plunged the most by 2.98% and ended at 2961.90
SBI was the turnover topper by valuations whereas Suzlon by the number of trades.
Market breadth was negative as 988 stocks declined and 366 stocks gained today on NSE.

Today,The Reserve Bank of India (RBI) raised interest rates more aggressively than expected on Thursday, keeping up its fight against inflation that is slowly easing but still well above its comfort level.
The Reserve Bank of India of India lifted the repo rate, at which it lends to banks, by 25 basis points to 6 percent and raised the reverse repo rate, used to absorb excess cash, by 50 basis points to 5 percent.


Similarly, India's food price index rose 15.10 percent while the fuel price index climbed 11.48 percent, in the year to Sept. 4, under a new series with different base year, components and weightings, government data on Thursday showed.In the prior week, food inflation as measured by the old series with 1993-94 as base year, stood at 11.47 percent on the year while fuel inflation was at an annual 12.71 percent. These figures are not comparable with the latest data release. The primary articles index was up 16.22 percent in the latest week. It rose 15.40 percent in the previous week.India's food price index rose 15.10 percent while the fuel price index climbed 11.48 percent, in the year to Sept. 4, under a new series with different base year, components and weightings, government data on Thursday showed.








In the prior week, food inflation as measured by the old series with 1993-94 as base year, stood at 11.47 percent on the year while fuel inflation was at an annual 12.71 percent. These figures are not comparable with the latest data release. The primary articles index was up 16.22 percent in the latest week. It rose 15.40 percent in the previous week.

16 Sept 2010 Recommendations

16 Sept 2010 Morning Market Updates  08:59

Recommendations :
FYI
Today's Recommendations
Note : Follow Buy Calls in Positive market bias & v.v
Buy:
Cairn Abv 334 sl 330 T 340
Herohonda Abv 1753 sl 1742 T 1775 P
ITC Abv    168 sl 165 T 174 P
Powergrid sl 106 T 108.5
Rcom Abv 166 sl 162 T 172
Relcapital Abv 826 cl sl 818 T 836
Siemens Abv 766 sl 757 T 788/804 P
GMRInfra Abv 60 sl 58 T 64 P
LICHSGFIN sl 1262 T 1298/1308 P
OFSS sl 2240 T 2276
Patni Abv 471 sl 433 T 523 P

Sell:
Aban Bel 822 sl 828 T 815
Acc sl 965 T 947
Jindalstel Bel 702 sl 709 T 695
ONGC Bel 1395 sl 1406 T 1383
Tatamotors Bel 1017 sl 1031 T 987
Crompgreav Bel 303 sl 307 T 298
Cumminsind Bel 730 sl 737 T 718
Videoind Bel 263 sl 266 T 257
Jindalswhl sl 1767 T 1753
Tulip Bel 174 sl 176 T 170
Orbitcorp Bel 125 sl 126.5 T 122

Stocks in News :

IndusInd Bank - CNBC-TV18 Exclusive: Sources
-IndusInd Bank QIP launched; to raise USD 215-250 million
-IndusInd Bank QIP priced at Rs 234/share
-JM Financial, IDFC, MS, UBS, BNP Paribas lead bankers to issue

Hotel Leela succession plans
-Vivek Nair to take over as chairman, Leela Hotels
-Vivek Nair is currently MD & vice chairman, Leela Hotels
-Dinesh Nair to take over as vice chairman,Leela Hotels

Telecom
-Bharti  adds 2 million GSM mobile users in August versus 2.6 million (MoM)
-Vodafone adds 2.3 million GSM mobile users in August versus 2.4 million (MoM)
-Uninor adds 2.22 million GSM mobile users in August versus 8.5 lakh (MoM)
-Idea adds 1.99 million GSM mobile users in August versus 1.86 million (MoM)
-MTNL adds 41,608 GSM mobile users in August versus 45,558 (MoM)

Religare
-Religare enters Sri Lankan market by acquiring Bartleet
-Religare to buy 50% stake in Bartleet Securities

Astrazeneca
-Signs outlicensing deal with Intas Pharma
Alert : Intas Pharma is an Ahm based co
-Intas to supply oncology products in emerging markets
-Financial terms of the deal not disclosed
-Astrazeneca recently signed another deal with Aurobindo Pharma

IPOs
-Ramky Infra IPO opens on September 21, closes on September 23
-Orient Green Power Co IPO opens on September 21, closes on September 24
-Electrosteel Steels IPO opens on September 21, closes on September 24
-Indosolar IPO subscribed 1.55x at closing; QIBs: 1.44x, NIIs: 1.3x and Retail: 1.81x

Career Point Info
-IPO opens today, closes on September 21
-Price band: Rs 295-310, issue size Rs 115 crore
-Raised Rs 20.3 crore @ Rs 310 from anchor investors from Goldman Sachs, Sundaram BNP Paribas, Citigroup, Alden Global, DSPBR, Birla Sunlife, Axis MF
(Eros, Miscrosec IPOs open tomorrow)

-Oil PSUs to up ATF prices by average of Rs 699/kL today
-HUL puts prime industrial land in Navi Mumbai on block
-RBI likely to express reservations in giving Jet Airways approval to raise funds via ECB – BS
-Lanco Infra gives power equipment order to China’s Harbin at price of Rs 68.3 lakh/MW (Its 1/4th of prevailing price of Rs 2.5cr/MW) – DNA
-Prakash Ind to submit new mining plan for its Chotia coal block – DNA
-S Kumars: raises USD 50 million via QIP, board had passed enabling resolution to raise upto USD 100 million
-JBF Ind: to file documents for QIP soon
-Bharti Airtel to sell African tower to Bharti Infratel – ET
-SBI in talks with RBI for holding co, says Bhatt – ET
-Cairn India sets up panel to protect minority shareholders – ET
-Mudra Lifestyle in talks with Korean Co E-Land group for stake sale – ET
-Ispat arm to set up Rs 300 crore plant – ET
-Reliance Broadcast acquires Line V of DMRC for a 5 year period, corners 40% market share of Delhi Metro OOH Inventory with Line V acquisition
-Vijay Shanthi Builders ventured in to a MoU for Rs. 70 crore project at Chennai.

F&O Cues :

INDEX MOST ACTIVE CALLS			Underlying Index : 5,860.95
Index	Expiry Date	Strike Price	Volume		Current Premium	% Change	Open Interest
			No. of Contracts	Quantity
NIFTY	30-Sep-10	5900	391201	-	59	1.25	3554900
NIFTY	30-Sep-10	5800	347091	-	116.15	2.85	5419550
NIFTY	30-Sep-10	6000	242864	-	22.65	-0.35	2939850
NIFTY	30-Sep-10	5700	83376	4168800	193.75	2.75	6686450
NIFTY	30-Sep-10	6100	78558	3927900	9.55	0.15	1153750
NIFTY	28-Oct-10	6000	51473	2573650	75.95	1.55	2301200
NIFTY	28-Oct-10	5900	48921	2446050	120	1.7	4352000
NIFTY	30-Sep-10	5600	39098	1954900	282.1	1.65	4499000
NIFTY	28-Oct-10	5800	38807	1940350	176	2.6	3965700
NIFTY	28-Oct-10	6100	26510	1325500	45	1.8	851000
Index	Expiry Date	Strike Price	Volume		Current Premium	% Change	Open Interest
			No. of Contracts	Quantity
NIFTY	30-Sep-10	5800	327259	-	56.9	0.6	6195650
NIFTY	30-Sep-10	5700	262966	-	34	0.35	6717250
NIFTY	30-Sep-10	5600	177476	8873800	21.5	0.55	8770950
NIFTY	30-Sep-10	5900	139639	6981950	97.5	-0.85	2573500
NIFTY	30-Sep-10	5500	96602	4830100	15	0.5	9851750
NIFTY	30-Sep-10	5400	96275	4813750	10.6	0.05	11916650
NIFTY	28-Oct-10	5600	48839	2441950	53	2.05	2153000
NIFTY	28-Oct-10	5700	38253	1912650	75	0.8	1522450
NIFTY	30-Sep-10	5300	34600	1730000	7.5	0.05	7890100
NIFTY	28-Oct-10	5500	34409	1720450	37.65	1.1	2228550
FII trading activity on NSE and BSE on Capital Market Segment
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	15-Sep-10	4892.72	2677.73	2214.99
Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	15-Sep-10	1209.6	2119.56	-909.96