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