Sunday, October 31, 2010
Friday, October 29, 2010
29 Oct 2010 Closing Market Updates
29 Oct 2010 Closing Market Updates 15:30
Volatality continued today also. For the whole day, market was trading flat but our market started declining alongwith the European markets. In the last session, market rebounced on good ICICI Bank and ITC results.Nifty bounced nearly 100 poins from its day low of 5937.10 and ended at 6011.65 with 23.95 points rise. Sensex ended just above 20k mark at 20006.90 with 65.86 points gain.
Among BSE Sectoral Indices, Bankex gained the most by 1.56% supported by ICICI Bank. Metal Index was the top loser by 1.27%.
In Nifty50 stocks, ICICIBank was the top gainer by 6.89% and ended at 1164.10. Sail was the top loser by 4.74% to end at 193.
ICICI Bank was the turnover topper by its value, similarly Alok Text was the most traded stock today on NSE.
Adavance/Decline ratio was negative in the ratio of 2.95 : 1 as 1030 stocks declined and 349 stocks gained today on NSE.
ICICI Bank Results :
India's second largest bank ICICI Bank has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 1,395 crore in Q2FY11 as against Rs 1,145 crore in the same period of previous year, a growth of 21.83%.
Numbers included Bank of Rajasthan's numbers.
The company has reported profit after tax at Rs 1,236 crore for the quarter ended September 30, 2010 as against Rs 1,040 crore for the quarter ended September 30, 2009, a growth of 18.85%.
Current Account, Savings Account (CASA) increased to 44% in Q2FY11 from 36.9% Q2FY10. Net non-performing asset (NPA) ratio declined at 1.4% versus 2.2% (YoY).
Capital adequacy ratio was at 20.2% in Q2FY11. Provisions declined at Rs 641 crore from Rs 1,071 crore.
ITC :
ITC Q2 net profit up 23.4 per cent to Rs 1,247 crore
Diversified business firm ITC today posted a 23.45 per cent jump in its net profit to Rs 1,246.74 crore for the quarter ended September 30, 2010 over the same period last fiscal.
The company had a net profit of Rs 1,009.91 crore for the quarter ended September 30, 2009, ITC said in a filing to the Bombay Stock Exchange.
During the period, the company's net sales stood at Rs 5,061.20 crore, 16.28 per cent increase from Rs 4,352.26 crore in the corresponding quarter last fiscal.
During the quarter, while revenue from its cigarette business increased to Rs 2,550.11 crore from Rs 2,259 crore recorded in the year-ago period, its other FMCG business had 22 per cent jump to Rs 1,055.61 crore.
Under the FMCG segment, the group sells personal care products under brands like Fiama Di Wills, Vivel Di Wills, Vivel and Superia.
While revenue from its hotel business grew by around 20 per cent to Rs 208.94 crore during quarter, its agri business recorded 21.5 per cent increase to Rs 1,249.62 crore.
The company had a net profit of Rs 1,009.91 crore for the quarter ended September 30, 2009, ITC said in a filing to the Bombay Stock Exchange.
During the period, the company's net sales stood at Rs 5,061.20 crore, 16.28 per cent increase from Rs 4,352.26 crore in the corresponding quarter last fiscal.
During the quarter, while revenue from its cigarette business increased to Rs 2,550.11 crore from Rs 2,259 crore recorded in the year-ago period, its other FMCG business had 22 per cent jump to Rs 1,055.61 crore.
Under the FMCG segment, the group sells personal care products under brands like Fiama Di Wills, Vivel Di Wills, Vivel and Superia.
While revenue from its hotel business grew by around 20 per cent to Rs 208.94 crore during quarter, its agri business recorded 21.5 per cent increase to Rs 1,249.62 crore.
Global Indices :
Hang Seng : -114.54
Nikkei : -163.58
FTSE : -12.02
CAC : -7.18
DAX : -11.18
Dow Futures : -34.00
Nasdaq Futures : -5.00
Among BSE Sectoral Indices, Bankex gained the most by 1.56% supported by ICICI Bank. Metal Index was the top loser by 1.27%.
In Nifty50 stocks, ICICIBank was the top gainer by 6.89% and ended at 1164.10. Sail was the top loser by 4.74% to end at 193.
ICICI Bank was the turnover topper by its value, similarly Alok Text was the most traded stock today on NSE.
Adavance/Decline ratio was negative in the ratio of 2.95 : 1 as 1030 stocks declined and 349 stocks gained today on NSE.
ICICI Bank Results :
Numbers included Bank of Rajasthan's numbers.
The company has reported profit after tax at Rs 1,236 crore for the quarter ended September 30, 2010 as against Rs 1,040 crore for the quarter ended September 30, 2009, a growth of 18.85%.
Current Account, Savings Account (CASA) increased to 44% in Q2FY11 from 36.9% Q2FY10. Net non-performing asset (NPA) ratio declined at 1.4% versus 2.2% (YoY).
Capital adequacy ratio was at 20.2% in Q2FY11. Provisions declined at Rs 641 crore from Rs 1,071 crore.
ITC :
Diversified business firm ITC today posted a 23.45 per cent jump in its net profit to Rs 1,246.74 crore for the quarter ended September 30, 2010 over the same period last fiscal.
The company had a net profit of Rs 1,009.91 crore for the quarter ended September 30, 2009, ITC said in a filing to the Bombay Stock Exchange.
During the period, the company's net sales stood at Rs 5,061.20 crore, 16.28 per cent increase from Rs 4,352.26 crore in the corresponding quarter last fiscal.
During the quarter, while revenue from its cigarette business increased to Rs 2,550.11 crore from Rs 2,259 crore recorded in the year-ago period, its other FMCG business had 22 per cent jump to Rs 1,055.61 crore.
Under the FMCG segment, the group sells personal care products under brands like Fiama Di Wills, Vivel Di Wills, Vivel and Superia.
While revenue from its hotel business grew by around 20 per cent to Rs 208.94 crore during quarter, its agri business recorded 21.5 per cent increase to Rs 1,249.62 crore.
The company had a net profit of Rs 1,009.91 crore for the quarter ended September 30, 2009, ITC said in a filing to the Bombay Stock Exchange.
During the period, the company's net sales stood at Rs 5,061.20 crore, 16.28 per cent increase from Rs 4,352.26 crore in the corresponding quarter last fiscal.
During the quarter, while revenue from its cigarette business increased to Rs 2,550.11 crore from Rs 2,259 crore recorded in the year-ago period, its other FMCG business had 22 per cent jump to Rs 1,055.61 crore.
Under the FMCG segment, the group sells personal care products under brands like Fiama Di Wills, Vivel Di Wills, Vivel and Superia.
While revenue from its hotel business grew by around 20 per cent to Rs 208.94 crore during quarter, its agri business recorded 21.5 per cent increase to Rs 1,249.62 crore.
Global Indices :
Hang Seng : -114.54
Nikkei : -163.58
FTSE : -12.02
CAC : -7.18
DAX : -11.18
Dow Futures : -34.00
Nasdaq Futures : -5.00
29 Oct Morning Market Updates:
29 Oct Morning Market Updates:
Stocks that are in news today:
23 new stocks to be available in F&O from today - 3i Infotech, Alok Industries, Bajaj Holdings, Bata, Bombay Dyeing, Central Bank of India, Development Credit Bank, Escorts, Havells India, Hindustan Oil Exploration Company, Indraprastha Gas, Indusind Bank, IRB Infrastructure, Jet Airways, Karnataka Bank, Max India, MRF, Oil India, S Kumars Nationwide, SREI Infrastructure, Sterlite Technologies, Tata Motors DVR 'A' Ordinary, TVS Motor
Results today: ABB, BHEL, Hero Honda, M&M, ITC, BPCL, BILT, BEL, Brandhouse Retail, Cinemax, Delta Corp, Federal Bank, GE Shipping, HCC, IOB, Jagran Prakashan, Jet Airways, Moser Baer, Motherson Sumi, NFL, PVR, Shopper’s Stop, SJVN, Sona Koyo, Syndicate Bank, Tata Chem, UCO Bank, Welspun Corp, Wlespun India
ONGC Q2 (cr - crore, vs - versus, cons - consolidated)
Net profit at Rs 5,389 cr vs Rs 5,090 cr (YoY)
Net sales at Rs 18,194 cr vs Rs 15,081 cr (YoY)
Net realisation at USD 62.75/bbl vs USD 56.41/bbl (YoY)
Gross realisation at USD 79.21/bbl vs USD 70.50/bbl (YoY)
Subsidy payout at Rs 3,019 cr vs Rs 2,630 cr (YoY)
Cairn India Q2
Cons net sales at Rs 2,686 cr vs Rs 230 cr (YoY)
Cons net profit at Rs 1,585 cr vs Rs 470 cr (YoY)
Alok Ind Q2:
Net profit at Rs 79.8 cr vs Rs 57 cr
Net sales at Rs 1,451 cr vs Rs 975 cr
EIH Q2
Net loss at Rs 15 cr vs loss of Rs 9.65 cr
Net sales at Rs 199 cr vs Rs 156 cr
Operating loss at Rs 5.2 cr vs operating profit of Rs 8 cr
Zee Entertainment Q2:
Net profit at Rs 157.6 cr vs Rs 167.6 cr (QoQ)
Net sales at Rs 501 cr vs Rs 452.7 cr (QoQ)
Tata Global Beverages Q2
Cons net sales at Rs 1,439 cr vs Rs 1,397.3 cr (YoY)
Cons net profit at Rs 51.6 cr vs Rs 287.4 cr (YoY)
Balaji Telefilms Q2
Net loss at Rs 6.4 cr Vs net profit of Rs 2.9 cr (QoQ)
Net sales at Rs 38.1 cr Vs Rs 30.7 cr (QoQ)
Tata Communications Q2
Cons net sales at Rs 2,960.7 cr Vs Rs 2,884.5 cr (QoQ)
Cons net loss at Rs 213.5 cr Vs net loss of Rs 281.4 cr (QoQ)
Grasim Q2
Cons net sales at Rs 4,439 cr Vs Rs 4,682.3 cr (YoY)
Cons net profit at Rs 323.4 cr Vs Rs 780.8 cr (YoY)
Peninsula Land Q2
Net sales at Rs 122.6 cr Vs Rs 168.7 cr (YoY)
Net profit at Rs 63.8 cr Vs Rs 72.9 cr (YoY)
SAIL says
Q2 net profit impacted on rise in coking coal prices
Net sales realisations have improved
Q2 average coking coal price at USD 225/t versus USD 128/t (YoY)
Other stocks and sectors that are in news today:
Atlas Copco’s parent to seek voluntary delisting
Sumitomo Metals buys 5.5% stake in Steel Strips and Wheels At Rs 520/sh
Stocks in NSE F&O curb: Core Projects, Orchid Chemical, JSW Holdings
Market cues:
US markets flat, Asia opens negative
Dollar index retraces marginally to 77.34, Euro-Dollar up to 1.39
NSE F&O Nov series starts with Open Int of Rs 1.21 lakh crore versus Rs 1.28 lakh crore in October
As per provisional data of October 28, FIIs were net sellers of Rs 950 crore; DIIs were net sellers of Rs 60 crore in cash markets. FIIs were net sellers of Rs 567 crore in F&O.
F&O cues:
Nifty futures at 76-point premium
Marketwide rollover at 77% versus average of 78%; versus 78% last series
Excerpts from Bazaar on CNBC-TV18 Watch the full show »
Nifty rollover at 69% versus average of 72%; versus 72% last series
Strong Rollovers: Telecom (87%), FMCG (83%) and Cement (83%)
Weak Rollovers: Banking (75%) and Auto (81%)
Strong Rollovers: IOC (95%), JSW Steel (91%)
Weak Rollovers: ICICI Bank (59%), HDFC Bank (62%)
(Options Open Int lower as IVs have gone up and options have become expensive)
Nifty Open Int PCR at versus 1.27 at start of Oct series
Nifty 6000 Put adds 12 lakh shares in Open Int
Nifty 5900 Put adds 10 lakh shares in Open Int
Nifty 5800 Put adds 9.2 lakh shares in Open Int
Nifty 6300 Call adds 10 lakh shares in Open Int
Nifty 6500 Call adds 8.5 lakh shares in Open Int
FIIs in F&O on October 28
Net sell Rs 71 crore in Nifty futures
Net sell Rs 300 crore in Nifty options
Net sell Rs 146 crore in Stock futures
US Markets:
In the US markets stocks settled mixed with the major equity averages near the neutral line. The lack of direction came despite encouraging data and a sharp drop by the dollar.
Dow Jones Industrial Average was down 0.115 or 12.33 points at 11113.95. Nasdaq Composite was up 0.165 or 4.11 points at 2507.37. Standard & Poor's 500 was up 0.11% or 1.33 points at 1183.78.
In economic data, initial jobless claims for the week ending October 23 totaled 434,000, which is well below the 458,000 initial claims that had been expected, on average, the tally was also the smallest since July. More impressive is that continuing claims which fell to 4.36 million, which is a near two-year low.
It's a busy day in terms of data to watch out for in US, the GDP growth for the third quarter is seen higher at 2% compared to the 1.7% growth in Q2. Meanwhile the final consumer sentiment index for October is seen marginally higher at 68 compared to the 67.9 recorded in mid-October.
The Chicago PMI in October is expected to come in lower around 57.6 compared to 60.4.
The dollar fell in tandem with treasury yields as investors once again reassessed how much money the US Federal Reserve was likely to commit to a second round of monetary stimulus when it meets next week.
Oil prices moved higher supported by positive US jobless claims data and as the dollar weakened on rising worries about the extent of an expected US Federal Reserve monetary easing.
Copper rose for the fourth time in five sessions as the dollar declined, boosting demand for metals as alternative investments.
Stocks that are in news today:
23 new stocks to be available in F&O from today - 3i Infotech, Alok Industries, Bajaj Holdings, Bata, Bombay Dyeing, Central Bank of India, Development Credit Bank, Escorts, Havells India, Hindustan Oil Exploration Company, Indraprastha Gas, Indusind Bank, IRB Infrastructure, Jet Airways, Karnataka Bank, Max India, MRF, Oil India, S Kumars Nationwide, SREI Infrastructure, Sterlite Technologies, Tata Motors DVR 'A' Ordinary, TVS Motor
Results today: ABB, BHEL, Hero Honda, M&M, ITC, BPCL, BILT, BEL, Brandhouse Retail, Cinemax, Delta Corp, Federal Bank, GE Shipping, HCC, IOB, Jagran Prakashan, Jet Airways, Moser Baer, Motherson Sumi, NFL, PVR, Shopper’s Stop, SJVN, Sona Koyo, Syndicate Bank, Tata Chem, UCO Bank, Welspun Corp, Wlespun India
ONGC Q2 (cr - crore, vs - versus, cons - consolidated)
Net profit at Rs 5,389 cr vs Rs 5,090 cr (YoY)
Net sales at Rs 18,194 cr vs Rs 15,081 cr (YoY)
Net realisation at USD 62.75/bbl vs USD 56.41/bbl (YoY)
Gross realisation at USD 79.21/bbl vs USD 70.50/bbl (YoY)
Subsidy payout at Rs 3,019 cr vs Rs 2,630 cr (YoY)
Cairn India Q2
Cons net sales at Rs 2,686 cr vs Rs 230 cr (YoY)
Cons net profit at Rs 1,585 cr vs Rs 470 cr (YoY)
Alok Ind Q2:
Net profit at Rs 79.8 cr vs Rs 57 cr
Net sales at Rs 1,451 cr vs Rs 975 cr
EIH Q2
Net loss at Rs 15 cr vs loss of Rs 9.65 cr
Net sales at Rs 199 cr vs Rs 156 cr
Operating loss at Rs 5.2 cr vs operating profit of Rs 8 cr
Zee Entertainment Q2:
Net profit at Rs 157.6 cr vs Rs 167.6 cr (QoQ)
Net sales at Rs 501 cr vs Rs 452.7 cr (QoQ)
Tata Global Beverages Q2
Cons net sales at Rs 1,439 cr vs Rs 1,397.3 cr (YoY)
Cons net profit at Rs 51.6 cr vs Rs 287.4 cr (YoY)
Balaji Telefilms Q2
Net loss at Rs 6.4 cr Vs net profit of Rs 2.9 cr (QoQ)
Net sales at Rs 38.1 cr Vs Rs 30.7 cr (QoQ)
Tata Communications Q2
Cons net sales at Rs 2,960.7 cr Vs Rs 2,884.5 cr (QoQ)
Cons net loss at Rs 213.5 cr Vs net loss of Rs 281.4 cr (QoQ)
Grasim Q2
Cons net sales at Rs 4,439 cr Vs Rs 4,682.3 cr (YoY)
Cons net profit at Rs 323.4 cr Vs Rs 780.8 cr (YoY)
Peninsula Land Q2
Net sales at Rs 122.6 cr Vs Rs 168.7 cr (YoY)
Net profit at Rs 63.8 cr Vs Rs 72.9 cr (YoY)
SAIL says
Q2 net profit impacted on rise in coking coal prices
Net sales realisations have improved
Q2 average coking coal price at USD 225/t versus USD 128/t (YoY)
Other stocks and sectors that are in news today:
Atlas Copco’s parent to seek voluntary delisting
Sumitomo Metals buys 5.5% stake in Steel Strips and Wheels At Rs 520/sh
Stocks in NSE F&O curb: Core Projects, Orchid Chemical, JSW Holdings
Market cues:
US markets flat, Asia opens negative
Dollar index retraces marginally to 77.34, Euro-Dollar up to 1.39
NSE F&O Nov series starts with Open Int of Rs 1.21 lakh crore versus Rs 1.28 lakh crore in October
As per provisional data of October 28, FIIs were net sellers of Rs 950 crore; DIIs were net sellers of Rs 60 crore in cash markets. FIIs were net sellers of Rs 567 crore in F&O.
F&O cues:
Nifty futures at 76-point premium
Marketwide rollover at 77% versus average of 78%; versus 78% last series
Excerpts from Bazaar on CNBC-TV18 Watch the full show »
Nifty rollover at 69% versus average of 72%; versus 72% last series
Strong Rollovers: Telecom (87%), FMCG (83%) and Cement (83%)
Weak Rollovers: Banking (75%) and Auto (81%)
Strong Rollovers: IOC (95%), JSW Steel (91%)
Weak Rollovers: ICICI Bank (59%), HDFC Bank (62%)
(Options Open Int lower as IVs have gone up and options have become expensive)
Nifty Open Int PCR at versus 1.27 at start of Oct series
Nifty 6000 Put adds 12 lakh shares in Open Int
Nifty 5900 Put adds 10 lakh shares in Open Int
Nifty 5800 Put adds 9.2 lakh shares in Open Int
Nifty 6300 Call adds 10 lakh shares in Open Int
Nifty 6500 Call adds 8.5 lakh shares in Open Int
FIIs in F&O on October 28
Net sell Rs 71 crore in Nifty futures
Net sell Rs 300 crore in Nifty options
Net sell Rs 146 crore in Stock futures
US Markets:
In the US markets stocks settled mixed with the major equity averages near the neutral line. The lack of direction came despite encouraging data and a sharp drop by the dollar.
Dow Jones Industrial Average was down 0.115 or 12.33 points at 11113.95. Nasdaq Composite was up 0.165 or 4.11 points at 2507.37. Standard & Poor's 500 was up 0.11% or 1.33 points at 1183.78.
In economic data, initial jobless claims for the week ending October 23 totaled 434,000, which is well below the 458,000 initial claims that had been expected, on average, the tally was also the smallest since July. More impressive is that continuing claims which fell to 4.36 million, which is a near two-year low.
It's a busy day in terms of data to watch out for in US, the GDP growth for the third quarter is seen higher at 2% compared to the 1.7% growth in Q2. Meanwhile the final consumer sentiment index for October is seen marginally higher at 68 compared to the 67.9 recorded in mid-October.
The Chicago PMI in October is expected to come in lower around 57.6 compared to 60.4.
The dollar fell in tandem with treasury yields as investors once again reassessed how much money the US Federal Reserve was likely to commit to a second round of monetary stimulus when it meets next week.
Oil prices moved higher supported by positive US jobless claims data and as the dollar weakened on rising worries about the extent of an expected US Federal Reserve monetary easing.
Copper rose for the fourth time in five sessions as the dollar declined, boosting demand for metals as alternative investments.
Thursday, October 28, 2010
28 Oct 2010 Closing Market Updates
28 Oct 2010 Closing Market Updates 15:30
Volatile market ended with marginal losses. Spot Nifty made a day high of 6071.10 and in last session, it collapsed to end at 6008.10 with just 4.55 points down whereas Sensex ended at 19980.13 with 25.24 points in negative.
Next month, November Nifty Future ended at 6074.90 with a premium of 66.80 points.
Among BSE sectoral indices, Auto index was the only gainer and it rose by 0.48%. Realty was consecutively the top loser today also, ended with a loss of 1.52%.
In Nifty50 stocks, Bharti Airtel was the top gainer by 3.57% to end at 333.45 whereas Sail was the top loser in the index by 3.7|% and it ended at 205.25
ICICI Bank was the turnover tooper on NSE by the traded value. Alok Textile was the most traded stock today on NSE.
Advance/Decline ratio was negative as 887 stcoks declined and 480 stcoks gained today on NSE.
Global Market Updates :
Hang Seng : +46.28
Nikkei : -21.00
FTSE : +46.06
CAC : +24.48
DAX : +39.40
Dow Future : +18.00
Next month, November Nifty Future ended at 6074.90 with a premium of 66.80 points.
Among BSE sectoral indices, Auto index was the only gainer and it rose by 0.48%. Realty was consecutively the top loser today also, ended with a loss of 1.52%.
In Nifty50 stocks, Bharti Airtel was the top gainer by 3.57% to end at 333.45 whereas Sail was the top loser in the index by 3.7|% and it ended at 205.25
ICICI Bank was the turnover tooper on NSE by the traded value. Alok Textile was the most traded stock today on NSE.
Advance/Decline ratio was negative as 887 stcoks declined and 480 stcoks gained today on NSE.
Global Market Updates :
Hang Seng : +46.28
Nikkei : -21.00
FTSE : +46.06
CAC : +24.48
DAX : +39.40
Dow Future : +18.00
28 Oct 2010 Daily Recommendations
28 Oct 2010 Morning Market Updates 08:15
Today market will open flat or with a marginal fall. Asian markets are trading flat whereas Nasdaq closed with marginal gain and Dow closed with some losses. Spot Nifty has a strong support between 5965-5985 levels and immediate resistance is at 6070. Market may witness volatility as today is the last day of October month expiry. Similarly market eyes on RBI Credit policy which will be announced next week.
Daily Recommendations :
Buy Abirlanuvo Abv 848 sl 838 T 861
Buy GMRINfra sl 53 T 56
Buy ONGC at declines sl 1281 T 1330 P
Buy Pantaloonr Abv 483 sl 465 T 503
Buy Relinfra Abv 1078 sl 1070 T 1089
Buy Thermax sl 789 T 806
Sell ACC sl 996 T 983
Sell Ambujacem sl 141 T 138
Sell Bhusanstl Bel 515 sl 525 T 501
Sell Cumminsind Bel 736 sl 741 T 725
Sell Orchidchem Bel 326 sl 332 T 316
Sell PNB Bel 1321 sl 1335 T 1306
Hold Short Ranbaxy sl 597 T 584
Today market will open flat or with a marginal fall. Asian markets are trading flat whereas Nasdaq closed with marginal gain and Dow closed with some losses. Spot Nifty has a strong support between 5965-5985 levels and immediate resistance is at 6070. Market may witness volatility as today is the last day of October month expiry. Similarly market eyes on RBI Credit policy which will be announced next week.
Daily Recommendations :
Buy Abirlanuvo Abv 848 sl 838 T 861
Buy GMRINfra sl 53 T 56
Buy ONGC at declines sl 1281 T 1330 P
Buy Pantaloonr Abv 483 sl 465 T 503
Buy Relinfra Abv 1078 sl 1070 T 1089
Buy Thermax sl 789 T 806
Sell ACC sl 996 T 983
Sell Ambujacem sl 141 T 138
Sell Bhusanstl Bel 515 sl 525 T 501
Sell Cumminsind Bel 736 sl 741 T 725
Sell Orchidchem Bel 326 sl 332 T 316
Sell PNB Bel 1321 sl 1335 T 1306
Hold Short Ranbaxy sl 597 T 584
Wednesday, October 27, 2010
27 Oct 2010 Closing Market Updates Sensex dipped below 20k mark
27 Oct 2010 Closing Market Updates 15:30
As published in morning blog, market opened with gap down and remained in negative bias. Sensex dipped below 20k mark.
Spot Nifty ended at 6007 with a loss of 75 points after making an intrada low of 5987.55.
Sensex declined 240.79 points and ended below 19980.60.
Among BSE Sectoral Indices, Consumer Durables Index was the only gainer as Titan rose more than 2.5%
Realty was the top loser by 2.57% fall as major players of the sector(Indiabulls Realty and HDIL) lost the grounds.
In Nifty50 stocks, Rcom gained the most on the declaration about the official commencement of Numer Portability from 1st Nov.Stock rose by 4.55% and ended at 183.75 whereas NTPC was the top loser with 3.56% loss and ended at 197.95.
Today both new players stood topper by traded value and traded quantity. BS Transcom was the turnover topper stock by the valuations on NSE today.The company manufactures the towers for Telecom as well as Power sector. IPO offer price was 248 and the stock ended at 381.25 on NSE with 53.73% rise.
On the other hand, Gyscoal Alloys Limited was the most traded stock on NSE. Stock ended at 81.65 against offer price of 71.
Advance/Decline ratio was negative as 896 stocks declined and 479 stocks gained today on NSE.
Global Market Updates :
Hang Seng : -436.66
Nikkei : +9.65
FTSE : -28.63
CAC : +5.83
DAX : +1.62
Spot Nifty ended at 6007 with a loss of 75 points after making an intrada low of 5987.55.
Sensex declined 240.79 points and ended below 19980.60.
Among BSE Sectoral Indices, Consumer Durables Index was the only gainer as Titan rose more than 2.5%
Realty was the top loser by 2.57% fall as major players of the sector(Indiabulls Realty and HDIL) lost the grounds.
In Nifty50 stocks, Rcom gained the most on the declaration about the official commencement of Numer Portability from 1st Nov.Stock rose by 4.55% and ended at 183.75 whereas NTPC was the top loser with 3.56% loss and ended at 197.95.
Today both new players stood topper by traded value and traded quantity. BS Transcom was the turnover topper stock by the valuations on NSE today.The company manufactures the towers for Telecom as well as Power sector. IPO offer price was 248 and the stock ended at 381.25 on NSE with 53.73% rise.
On the other hand, Gyscoal Alloys Limited was the most traded stock on NSE. Stock ended at 81.65 against offer price of 71.
Advance/Decline ratio was negative as 896 stocks declined and 479 stocks gained today on NSE.
Global Market Updates :
Hang Seng : -436.66
Nikkei : +9.65
FTSE : -28.63
CAC : +5.83
DAX : +1.62
27 Oct 2010 Daily Recommendations
27 Oct 2010 Daily Recommendations 09:01
Today market will open with gap down with negative bias. SGX Nifty is trading around 6078 with 31 points down.Hang Seng was trading lower with 242.62 points down while Nikkei is up with 52 points.
Nifty will trade between 6070 and 6145 and any break out with these levels, will give trend setter movement.
Today's Recommendations :
Buy Nifty Fut Abv 6155 sl 6110 T 6230
Buy Bhartiartl at declines sl 318 T 340 (P)
Buy Centurytex Abv 520 (close) sl 515 T 530
Buy Dabur sl 103 T 107
Buy Godejind sl 224 T 234
Buy Hoteleela Abv 55 sl 53 T 58 (P)
Buy IRB sl 240 T 270 P
Buy IVRCLInfra Low Risk High Return sl 150 T 158 (P)
Buy Jaicorpltd sl 246 T 258
Buy Maruti Abv 1575 sl 1550 T 1600
Buy RIIL Abv 887 sl 872 T 912 (P)
Buy Wipro at declines sl 422 T 444
Sell Bankbaroda sl 984 T 967/960
Sell BEML Fut Bel 1124 sl 1138 T 1095
Sell Gail sl 499 T 490
Sell Glaxo sl 2318 T 2278
Sell Glenmark Bel 310 sl 314 T 304
Sell Jindalsaw Fut Bel 223 sl 227 T 217
Sell Lupin Fut sl 450 T 436
Sell Ranbaxy Fut Bel 597 sl 603 T 588
Results today: United Spirits, Asian Paints, Patni, Bata, Dabur, Everest Lanto, Everonn, FACT, Firstsource Solutions, Glenmark, Gati, Godrej Ind, HCL Info, Hindustan Copper, HT Media, IFCI, Karur Vysya Bank, Prism Cement, Strides Arcolab, Torrent Power, Trent, WWIL, Zee News.
Listings: Prestige Estates, BS Transcomm, Gyscoal Alloys
Tech Mahindra Q2 (QoQ) (cr - crore, vs - versus)
USD Revenues: USD 328.2 million versus USD 251.1 million
Re Revenues: Rs 1234.9 crore versus Rs 1133.7 crore
EBIDTA at 22.81% versus 18.75%
Net profit: Rs 150.7 crore versus Rs 144.3 crore
Utilisation at 75% versus 69%
Q2 reported revenue of Rs 1530 crore including Rs 299 crore 3rd Party Hardware & Software Purchase
Tech Mahindra to CNBC-TV18
Will take in Satyams profits or losses in proportion to equity every quarter
Excluding Satyam losses revenues at Rs 1233 crore, EBIDTA at Rs 268 crore, profit at Rs 177 crore
Utlization at 75% sustainable, unlikely to push it higher
Attrition at at all time high is a concern
Announced retention bonus for 2000 people, will give out retention bonuses to arrest attrition
Pricing has stabalized over the quarters
NTPC Q2
Net sales at Rs 12,989.3 cr vs Rs 10,782.8 cr (YoY)
Net profit at Rs 2,107.4 cr vs Rs 2,152 cr (YoY)
Other stocks and sectors that are in news today:
LIC Housing Finance board meet on stock split today
Stocks in F&O curb: Aban Offshore, Chambal Fertiliser, Core Proj, Everest Kanto, Essar Oil, Ispat, JSW Holdings, Nagarjuna Fert, Orchid Chemical, Reliance Mediaworks
Religare Technova to relist today after scheme of arrangement
Small investors may get bigger share in PSU companies up for disinvestment – ET
Qualcomm looks to sell broadband biz, company looking for a minimum price of Rs 5000 crore, company won permits in Mumbai, Delhi, Haryana and Kerala In recently concluded auction – ET
Tayal moves court to unlock ICICI shares worth Rs 1000 crore – Mint
Gujarat Alkalies Q2
Net sales at Rs 351.6 cr vs Rs 334 cr
Net profit at Rs 20.1 cr vs Rs 29 cr
OPM at 14.5% vs 19%
MRPL Q2
Net profit at Rs 280 cr vs Rs 180 cr (YoY)
Net sales at Rs 8,354 cr vs Rs 7,874 cr (YoY)
Hindustan Media Ventures Q2
Net profit at Rs 10.7 cr vs Rs 44 Lakh
Net sales at Rs 124 cr
Voltas Q2
Consolidated net sales at Rs 1,063.58 cr vs Rs 1,092.95 cr (YoY)
Consolidated net profit at Rs 92.41 cr vs Rs 90.33 cr (YoY)
Dish TV Q2
Net loss at Rs 45.2 cr vs loss of Rs 56.1 cr
Net sales at Rs 325 cr vs Rs 257 cr
Blue Dart Q3
Net profit at Rs 21 cr vs Rs 16.5 cr
Net sales at Rs 294 cr vs Rs 236 cr
US Markets:
US markets ended flat after a choppy session- the strength in the dollar overshadowed another batch of better-than-expected earnings. However, the broader market was able to recover to the neutral line on encouraging consumer confidence data.
Dow Jones Industrial Average was up 0.05% or 5.41 points at 11169.46. Nasdaq Composite was up 0.26% or 6.44 points at 2497.29. Standard & Poor's 500 was flat at 1185.64.
In economic data in US, the consumer confidence index for October rose slightly in October but remained near historically low levels as concerns about the job market persisted. Levels rose to 50.2 in October from a revised 48.6 in September. The street had expected it to improve to 49.
The dollar saw a solid rebound as the euro again lost momentum near the 1.40 level, while the yen fell from a 15-year peak after a Japanese minister called gains one-sided and warned authorities could act to stem further yen strength.
Meanwhile in the base metal space- copper extended its rally to 27-month high on signs that global demand will outpace supplies
Today market will open with gap down with negative bias. SGX Nifty is trading around 6078 with 31 points down.Hang Seng was trading lower with 242.62 points down while Nikkei is up with 52 points.
Nifty will trade between 6070 and 6145 and any break out with these levels, will give trend setter movement.
Today's Recommendations :
Buy Nifty Fut Abv 6155 sl 6110 T 6230
Buy Bhartiartl at declines sl 318 T 340 (P)
Buy Centurytex Abv 520 (close) sl 515 T 530
Buy Dabur sl 103 T 107
Buy Godejind sl 224 T 234
Buy Hoteleela Abv 55 sl 53 T 58 (P)
Buy IRB sl 240 T 270 P
Buy IVRCLInfra Low Risk High Return sl 150 T 158 (P)
Buy Jaicorpltd sl 246 T 258
Buy Maruti Abv 1575 sl 1550 T 1600
Buy RIIL Abv 887 sl 872 T 912 (P)
Buy Wipro at declines sl 422 T 444
Sell Bankbaroda sl 984 T 967/960
Sell BEML Fut Bel 1124 sl 1138 T 1095
Sell Gail sl 499 T 490
Sell Glaxo sl 2318 T 2278
Sell Glenmark Bel 310 sl 314 T 304
Sell Jindalsaw Fut Bel 223 sl 227 T 217
Sell Lupin Fut sl 450 T 436
Sell Ranbaxy Fut Bel 597 sl 603 T 588
Results today: United Spirits, Asian Paints, Patni, Bata, Dabur, Everest Lanto, Everonn, FACT, Firstsource Solutions, Glenmark, Gati, Godrej Ind, HCL Info, Hindustan Copper, HT Media, IFCI, Karur Vysya Bank, Prism Cement, Strides Arcolab, Torrent Power, Trent, WWIL, Zee News.
Listings: Prestige Estates, BS Transcomm, Gyscoal Alloys
Tech Mahindra Q2 (QoQ) (cr - crore, vs - versus)
USD Revenues: USD 328.2 million versus USD 251.1 million
Re Revenues: Rs 1234.9 crore versus Rs 1133.7 crore
EBIDTA at 22.81% versus 18.75%
Net profit: Rs 150.7 crore versus Rs 144.3 crore
Utilisation at 75% versus 69%
Q2 reported revenue of Rs 1530 crore including Rs 299 crore 3rd Party Hardware & Software Purchase
Tech Mahindra to CNBC-TV18
Will take in Satyams profits or losses in proportion to equity every quarter
Excluding Satyam losses revenues at Rs 1233 crore, EBIDTA at Rs 268 crore, profit at Rs 177 crore
Utlization at 75% sustainable, unlikely to push it higher
Attrition at at all time high is a concern
Announced retention bonus for 2000 people, will give out retention bonuses to arrest attrition
Pricing has stabalized over the quarters
NTPC Q2
Net sales at Rs 12,989.3 cr vs Rs 10,782.8 cr (YoY)
Net profit at Rs 2,107.4 cr vs Rs 2,152 cr (YoY)
Other stocks and sectors that are in news today:
LIC Housing Finance board meet on stock split today
Stocks in F&O curb: Aban Offshore, Chambal Fertiliser, Core Proj, Everest Kanto, Essar Oil, Ispat, JSW Holdings, Nagarjuna Fert, Orchid Chemical, Reliance Mediaworks
Religare Technova to relist today after scheme of arrangement
Small investors may get bigger share in PSU companies up for disinvestment – ET
Qualcomm looks to sell broadband biz, company looking for a minimum price of Rs 5000 crore, company won permits in Mumbai, Delhi, Haryana and Kerala In recently concluded auction – ET
Tayal moves court to unlock ICICI shares worth Rs 1000 crore – Mint
Gujarat Alkalies Q2
Net sales at Rs 351.6 cr vs Rs 334 cr
Net profit at Rs 20.1 cr vs Rs 29 cr
OPM at 14.5% vs 19%
MRPL Q2
Net profit at Rs 280 cr vs Rs 180 cr (YoY)
Net sales at Rs 8,354 cr vs Rs 7,874 cr (YoY)
Hindustan Media Ventures Q2
Net profit at Rs 10.7 cr vs Rs 44 Lakh
Net sales at Rs 124 cr
Voltas Q2
Consolidated net sales at Rs 1,063.58 cr vs Rs 1,092.95 cr (YoY)
Consolidated net profit at Rs 92.41 cr vs Rs 90.33 cr (YoY)
Dish TV Q2
Net loss at Rs 45.2 cr vs loss of Rs 56.1 cr
Net sales at Rs 325 cr vs Rs 257 cr
Blue Dart Q3
Net profit at Rs 21 cr vs Rs 16.5 cr
Net sales at Rs 294 cr vs Rs 236 cr
US Markets:
US markets ended flat after a choppy session- the strength in the dollar overshadowed another batch of better-than-expected earnings. However, the broader market was able to recover to the neutral line on encouraging consumer confidence data.
Dow Jones Industrial Average was up 0.05% or 5.41 points at 11169.46. Nasdaq Composite was up 0.26% or 6.44 points at 2497.29. Standard & Poor's 500 was flat at 1185.64.
In economic data in US, the consumer confidence index for October rose slightly in October but remained near historically low levels as concerns about the job market persisted. Levels rose to 50.2 in October from a revised 48.6 in September. The street had expected it to improve to 49.
The dollar saw a solid rebound as the euro again lost momentum near the 1.40 level, while the yen fell from a 15-year peak after a Japanese minister called gains one-sided and warned authorities could act to stem further yen strength.
Meanwhile in the base metal space- copper extended its rally to 27-month high on signs that global demand will outpace supplies
Tuesday, October 26, 2010
26 Oct 2010 Closing Market Updates
26 Oct 2010 Closing Market Updates 15:30
Lackluster market ended with marginal losses.Nifty ended at 6081.45, down with 24.35 points whereas Sensex ended at 20213.33 with 89.79 points down.
Among BSE Sectoral indices, Consumer Durables Index rose the most by 2.14% as Titan rose more than 6.5%. Metal Index was the top looser by 1.13%.
Today, Maruti rose 3.98% and stood the top gainer in Nifty50 stocks and ended at 1567 whereas Bhartiartl was the top loser by 2.57% and ended at 328.55
Tatasteel was the turnover topper by traded value and Dena Bank was the top traded stock on NSE today.
Advance/Decline ratio was negative as 798 stocks declined and 566 stocks gained today on NSE.
Among BSE Sectoral indices, Consumer Durables Index rose the most by 2.14% as Titan rose more than 6.5%. Metal Index was the top looser by 1.13%.
Today, Maruti rose 3.98% and stood the top gainer in Nifty50 stocks and ended at 1567 whereas Bhartiartl was the top loser by 2.57% and ended at 328.55
Tatasteel was the turnover topper by traded value and Dena Bank was the top traded stock on NSE today.
Advance/Decline ratio was negative as 798 stocks declined and 566 stocks gained today on NSE.
26th OCt Morning Market Updates
26th OCt Morning Market Updates:
Stocks that are in news today:
Results today: Central Bank, Dena Bank, Deepak Fertiliser, Dish TV, Gujarat Alkalies, HCL Infosystems, JB Chemical, Jindal Steel, JSW Steel, MRPL, Marico, NTPC, Raymond, SRF, Sterlite, Tamil Nadu Petro, Tech Mahindra, TV18, Ultratech Cem, United Phosphorous, Voltas
Coal india
Issue price at Rs 245 a share, Price at upper end of price band
Govt to get over Rs 15100 crore from issue
Coal Ministry Says
No decision on Neyveli Lignite disinvestment as yet
Unsubscribed employee quota for Coal India to be allocated to QIB, Retail, HNI
Dr Reddy's
In pact to market some Cipla products in Russia, Ukraine
To market UK's Vitabiotics' products in Russia, CIS
Bharti Airtel
In outsourcing pact for Zain Africa
IBM, Tech Mahindra & Spanco partner for Zain Africa BPO
Agreement expected to be finalized soon
SEBI Says
Have tightened rules on preferential issue to promoters
Retail investor limit hiked to Rs 2 lakh
Idea Cellular Q2 (cr - crore, vs - versus, cons - consolidated)
Consolidated net profit at Rs 180 cr vs Rs 201 cr (QoQ)
Cons net sales at Rs 3,659 cr vs Rs 3,654 cr (QoQ)
EBITDA margin at 24% vs 24.3% (QoQ)
Crompton Greaves Q2 Cons: Broadly in line
Sales up 9.5% at Rs 2397 cr Vs Rs 2189 cr (Expectation: Rs 2365cr)
OPM at 13.90% Vs 14.01% (Expectation: 14.04%)
PAT up 10.5% at Rs 213.6 cr Vs Rs 193.4 cr (Expectation: Rs 211cr)
Order-book at Rs 7100 cr Vs Rs 6802 cr at end Q1
J&K Bank Q2
NII at Rs 372.6 cr vs Rs 251.9 cr (YoY)
Net profit at Rs 163.3 cr Vs Rs 134.3 cr (YoY)
Titan Industries Q2
Net profit at Rs 128 cr vs Rs 77.6 cr (YoY)
Net sales at Rs 1,536 cr Vs Rs 1,147 cr (YoY)
Other stocks and sectors that are in news today:
SC dismisses L&T appeal on NTPC tender
Red Fort Cap invests Rs 120 crore in Parsvnath Developers: VCCircle Exclusive
ONGC may go off sell off list as govt plans to cap disinvestment target at Rs 40,000 crore this year.
F&O cues:
Stock futures add 6.5 crore shares in Open Int
Futures Open Int was up Rs 2549 crore, Options Open Int was up Rs 621 crore
Nifty Oct futures shed 21 lakh shares in Open Int, at 30-point premium
Nifty Nov futures add 38 lakh shares in Open Int, at 56-point premium
Nifty Open Int PCR at 1.23 versus 1.20
Nifty Puts add 16 lakh shares; Nifty Calls shed 8 lakh shares in Open Int
Nifty 6200 Put adds 6.8 lakh shares in Open Int
Nifty 6000 Call sheds 11 lakh shares in Open Int
FIIs in F&O on October 25
Net buy Rs 651 crore in Nifty futures, Open Int up 51,912 contracts
Net buy Rs 219 crore in Nifty options, Open Int up 219 contracts
Net sell Rs 88 crore in Stock futures, Open Int up 14,879 contracts
Market cues:
Results today: NTPC, Sterlite, JSW Steel, Tech Mahindra, UltraTech
Dollar index at 77.12, Euro-Dollar at 1.39
NSE F&O Open Int was up by Rs 3170 crore at Rs 1.90 lakh crore
As per provisional data of October 25, FIIs were net buyers of Rs 587 crore; DIIs were net sellers of Rs 386 crore in cash markets. FIIs were net buyers of Rs 744 crore in F&O.
US Markets:
US stocks rose to a five-and-a-half month high on Monday as a falling dollar, partly driven by expectations of further stimulus by the Federal Reserve, prompted investors to buy riskier assets.
The slide in the greenback continued after a weekend meeting of the Group of 20 stopped short of setting targets to reduce trade imbalances. Bets the Fed will stimulate growth by effectively printing money to buy assets has weakened the dollar, which in turn has lifted commodity prices.
"We have a lower dollar, we have low and benign interest rates, and you can't beat that combination for reflating the economy or stock prices," said Hugh Johnson, chief investment officer of Hugh Johnson Advisors LLC in Albany, New York.
Equities and the dollar have formed an inverse relationship, so as the dollar drops, equities often advance. Since September 1, the S&P has risen 13% while the dollar index, which measures its value against major currencies, has lost 7.4%.
The S&P materials sector, which is particularly sensitive to the weak dollar, gained 1.7% and was the index's best performing group. Freeport-McMoRan Copper and Gold Inc advanced 2.2% to USD 96.07.
But stocks finished the session well off their highs as the dollar came off its lows late and the euro pared gains.
"It's all about the currency - the dollar strengthened and euro faded," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.
"Commodities, including copper, also did the same thing, their gains were lost toward the market close."
The Dow Jones industrial average gained 31.49 points, or 0.28%, to 11,164.05. The Standard & Poor's 500 Index added 2.54 points, or 0.21%, to 1,185.62. The Nasdaq Composite Index advanced 11.46 points, or 0.46%, to 2,490.85.
The benchmark S&P 500 index ended at its highest since May 3.
In a research report, Goldman Sachs said the Federal Open Market Committee is almost certain to announce renewed monetary easing at its November 2-3 meeting.
Goldman analysts calculated the Fed may have to buy up to USD 4 trillion in assets to achieve desired growth and inflation targets.
Further boosting materials stocks was Eastman Chemical Co, which climbed 5.1% to USD 82.59 after it agreed to sell three plants to Mexican conglomerate Alfa for USD 600 million.
Both Office Depot Inc and tobacco company Lorillard Inc rallied after posting stronger-than-expected profits. Office Depot also said that its embattled chief executive would be stepping down, sending the stock up 3.5% to USD 4.79. Lorillard advanced 1.3% to USD 85.14.
D R Horton Inc edged up 0.7% to USD 10.68 after data showed existing-home sales rose more than expected in September.
Volume was light with about 7.2 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, below the year-to-date moving average of 8.76 billion.
Advancing stocks outnumbered declining ones on both the NYSE and the Nasdaq, by about 3 to 2.
Stocks that are in news today:
Results today: Central Bank, Dena Bank, Deepak Fertiliser, Dish TV, Gujarat Alkalies, HCL Infosystems, JB Chemical, Jindal Steel, JSW Steel, MRPL, Marico, NTPC, Raymond, SRF, Sterlite, Tamil Nadu Petro, Tech Mahindra, TV18, Ultratech Cem, United Phosphorous, Voltas
Coal india
Issue price at Rs 245 a share, Price at upper end of price band
Govt to get over Rs 15100 crore from issue
Coal Ministry Says
No decision on Neyveli Lignite disinvestment as yet
Unsubscribed employee quota for Coal India to be allocated to QIB, Retail, HNI
Dr Reddy's
In pact to market some Cipla products in Russia, Ukraine
To market UK's Vitabiotics' products in Russia, CIS
Bharti Airtel
In outsourcing pact for Zain Africa
IBM, Tech Mahindra & Spanco partner for Zain Africa BPO
Agreement expected to be finalized soon
SEBI Says
Have tightened rules on preferential issue to promoters
Retail investor limit hiked to Rs 2 lakh
Idea Cellular Q2 (cr - crore, vs - versus, cons - consolidated)
Consolidated net profit at Rs 180 cr vs Rs 201 cr (QoQ)
Cons net sales at Rs 3,659 cr vs Rs 3,654 cr (QoQ)
EBITDA margin at 24% vs 24.3% (QoQ)
Crompton Greaves Q2 Cons: Broadly in line
Sales up 9.5% at Rs 2397 cr Vs Rs 2189 cr (Expectation: Rs 2365cr)
OPM at 13.90% Vs 14.01% (Expectation: 14.04%)
PAT up 10.5% at Rs 213.6 cr Vs Rs 193.4 cr (Expectation: Rs 211cr)
Order-book at Rs 7100 cr Vs Rs 6802 cr at end Q1
J&K Bank Q2
NII at Rs 372.6 cr vs Rs 251.9 cr (YoY)
Net profit at Rs 163.3 cr Vs Rs 134.3 cr (YoY)
Titan Industries Q2
Net profit at Rs 128 cr vs Rs 77.6 cr (YoY)
Net sales at Rs 1,536 cr Vs Rs 1,147 cr (YoY)
Other stocks and sectors that are in news today:
SC dismisses L&T appeal on NTPC tender
Red Fort Cap invests Rs 120 crore in Parsvnath Developers: VCCircle Exclusive
ONGC may go off sell off list as govt plans to cap disinvestment target at Rs 40,000 crore this year.
F&O cues:
Stock futures add 6.5 crore shares in Open Int
Futures Open Int was up Rs 2549 crore, Options Open Int was up Rs 621 crore
Nifty Oct futures shed 21 lakh shares in Open Int, at 30-point premium
Nifty Nov futures add 38 lakh shares in Open Int, at 56-point premium
Nifty Open Int PCR at 1.23 versus 1.20
Nifty Puts add 16 lakh shares; Nifty Calls shed 8 lakh shares in Open Int
Nifty 6200 Put adds 6.8 lakh shares in Open Int
Nifty 6000 Call sheds 11 lakh shares in Open Int
FIIs in F&O on October 25
Net buy Rs 651 crore in Nifty futures, Open Int up 51,912 contracts
Net buy Rs 219 crore in Nifty options, Open Int up 219 contracts
Net sell Rs 88 crore in Stock futures, Open Int up 14,879 contracts
Market cues:
Results today: NTPC, Sterlite, JSW Steel, Tech Mahindra, UltraTech
Dollar index at 77.12, Euro-Dollar at 1.39
NSE F&O Open Int was up by Rs 3170 crore at Rs 1.90 lakh crore
As per provisional data of October 25, FIIs were net buyers of Rs 587 crore; DIIs were net sellers of Rs 386 crore in cash markets. FIIs were net buyers of Rs 744 crore in F&O.
US Markets:
US stocks rose to a five-and-a-half month high on Monday as a falling dollar, partly driven by expectations of further stimulus by the Federal Reserve, prompted investors to buy riskier assets.
The slide in the greenback continued after a weekend meeting of the Group of 20 stopped short of setting targets to reduce trade imbalances. Bets the Fed will stimulate growth by effectively printing money to buy assets has weakened the dollar, which in turn has lifted commodity prices.
"We have a lower dollar, we have low and benign interest rates, and you can't beat that combination for reflating the economy or stock prices," said Hugh Johnson, chief investment officer of Hugh Johnson Advisors LLC in Albany, New York.
Equities and the dollar have formed an inverse relationship, so as the dollar drops, equities often advance. Since September 1, the S&P has risen 13% while the dollar index, which measures its value against major currencies, has lost 7.4%.
The S&P materials sector, which is particularly sensitive to the weak dollar, gained 1.7% and was the index's best performing group. Freeport-McMoRan Copper and Gold Inc advanced 2.2% to USD 96.07.
But stocks finished the session well off their highs as the dollar came off its lows late and the euro pared gains.
"It's all about the currency - the dollar strengthened and euro faded," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.
"Commodities, including copper, also did the same thing, their gains were lost toward the market close."
The Dow Jones industrial average gained 31.49 points, or 0.28%, to 11,164.05. The Standard & Poor's 500 Index added 2.54 points, or 0.21%, to 1,185.62. The Nasdaq Composite Index advanced 11.46 points, or 0.46%, to 2,490.85.
The benchmark S&P 500 index ended at its highest since May 3.
In a research report, Goldman Sachs said the Federal Open Market Committee is almost certain to announce renewed monetary easing at its November 2-3 meeting.
Goldman analysts calculated the Fed may have to buy up to USD 4 trillion in assets to achieve desired growth and inflation targets.
Further boosting materials stocks was Eastman Chemical Co, which climbed 5.1% to USD 82.59 after it agreed to sell three plants to Mexican conglomerate Alfa for USD 600 million.
Both Office Depot Inc and tobacco company Lorillard Inc rallied after posting stronger-than-expected profits. Office Depot also said that its embattled chief executive would be stepping down, sending the stock up 3.5% to USD 4.79. Lorillard advanced 1.3% to USD 85.14.
D R Horton Inc edged up 0.7% to USD 10.68 after data showed existing-home sales rose more than expected in September.
Volume was light with about 7.2 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, below the year-to-date moving average of 8.76 billion.
Advancing stocks outnumbered declining ones on both the NYSE and the Nasdaq, by about 3 to 2.
Monday, October 25, 2010
25th Oct Market Closing Updates
25th Oct Market Closing Updates:
Nifty Closed 39.75 points up at 6105.80
Sensed closed 137.26 points up at 20303.12
Major gainers in the 30-share index were:
ACC (4.34%)
Hindalco Industries (4.25%)
Sterlite Industries (India) (2.79%)
Tata Motors (2.66%)
Mahindra & Mahindra (2.60%)
Cipla (2.39%).
The biggest losers in the Sensex.
Wipro (4.28%)
I T C (1.28%)
Infosys Technologies (1.09%)
H D F C Bank (0.60%)
Tata Power Company (0.37%)
Bharat Heavy Electricals (0.37%)
SKS Microfinance, Reliance Industries, Uflex, SBI, Pipavav, Tata Steel and ICICI Bank were the most active shares on exchanges.Sectors in Limelight
The Consumer Durables index was at 6,458.70, up by 147.86 points or by 2.34%. The major gainers were Gitanjali Gems (11.14%), Blue Star (3.28%), Rajesh Exports (2.75%), Whirlpool Of India (1.81%) and Bajaj Electricals (0.86%).
The Auto index was at 9,859.63, up by 130.15 points or by 1.34%. The major gainers were Amtek Auto (1.41%), Apollo Tyres (1.05%), Hero Honda Motors (0.58%), Bajaj Auto (0.3%) and Exide Industries (0.03%).
The Metal index was at 17,224.61, up by 202.09 points or by 1.19%. The major gainers were Hindalco Industries (4.25%), Sterlite Industries (India) (2.79%), Hindustan Zinc (2.37%), Jindal Steel & Power (1.48%) and Tata Steel (0.69%).
On the other hand, the IT index was at 6,111.81, down by 21.25 points or by 0.35%. The major losers were Wipro (4.28%), Infosys Technologies (1.09%), Financial Technologies (India) (0.34%), Oracle Financial Services Software (0.25%) and Mphasis (0.2%).
Market Breadth
Market breadth was positive with 1,732 advances against 1,300 declines.
Nifty Closed 39.75 points up at 6105.80
Sensed closed 137.26 points up at 20303.12
Major gainers in the 30-share index were:
ACC (4.34%)
Hindalco Industries (4.25%)
Sterlite Industries (India) (2.79%)
Tata Motors (2.66%)
Mahindra & Mahindra (2.60%)
Cipla (2.39%).
The biggest losers in the Sensex.
Wipro (4.28%)
I T C (1.28%)
Infosys Technologies (1.09%)
H D F C Bank (0.60%)
Tata Power Company (0.37%)
Bharat Heavy Electricals (0.37%)
SKS Microfinance, Reliance Industries, Uflex, SBI, Pipavav, Tata Steel and ICICI Bank were the most active shares on exchanges.Sectors in Limelight
The Consumer Durables index was at 6,458.70, up by 147.86 points or by 2.34%. The major gainers were Gitanjali Gems (11.14%), Blue Star (3.28%), Rajesh Exports (2.75%), Whirlpool Of India (1.81%) and Bajaj Electricals (0.86%).
The Auto index was at 9,859.63, up by 130.15 points or by 1.34%. The major gainers were Amtek Auto (1.41%), Apollo Tyres (1.05%), Hero Honda Motors (0.58%), Bajaj Auto (0.3%) and Exide Industries (0.03%).
The Metal index was at 17,224.61, up by 202.09 points or by 1.19%. The major gainers were Hindalco Industries (4.25%), Sterlite Industries (India) (2.79%), Hindustan Zinc (2.37%), Jindal Steel & Power (1.48%) and Tata Steel (0.69%).
On the other hand, the IT index was at 6,111.81, down by 21.25 points or by 0.35%. The major losers were Wipro (4.28%), Infosys Technologies (1.09%), Financial Technologies (India) (0.34%), Oracle Financial Services Software (0.25%) and Mphasis (0.2%).
Market Breadth
Market breadth was positive with 1,732 advances against 1,300 declines.
25th Oct Morning Market Updates:
25th Oct Morning Market Updates:
Stocks that are in news today:
Results today: HUL, Idea, Adani power, Amara Raja, Asian Hotels (East), Crompton Greaves, EID Parry, GIC Housing, HOEC, Mundra Port, Petronet LNG, REC, Rolta, Tata Coffee, Titan, United Bank, Aventis Pharma
Alert: EID parry to also consider stock split
Piramal Health Q2 (cr - crore, vs - versus, cons - consolidated)
Consolidated net sales at Rs 752 cr vs Rs 999.99 cr (YoY)
Consolidated net profit at Rs 12,540 cr vs Rs 106.3 cr (YoY)
Net profit includes sale of assets to Abbott
One-time gain of Rs 16,224 crore
Piramal Health
Board approves buyback at Rs 600/sh via tender offer
Buyback for up to 20% of equity, on proportionate basis
To spend Rs 2,508 cr on buyback
Promoters to participate in buyback, maintain % stake at current levels
Piramal Health Says
Share buyback more tax efficient than dividend
Share buyback maximises value for shareholders
Hope to complete share buyback by February
Dr Reddy's Q2 (IFRS):
Cons net profit at Rs 287 cr vs Rs 217.3 cr (YoY)
Cons net sales at Rs 1,870 cr vs Rs 1,840 cr (YoY)
EBIDTA up 12% at Rs 420 cr (YoY)
Oil Secretary says
OMCs should declare good Q2 results
ONGC wants Cairn to seek permission, ONGC has not heard back from cairn energy yet
Other stocks and sectors that are in news today:
Gujarat NRE Coke to issue guarantee for USD 200 million for borrowings of Gujarat NRE Coking Coal, an Australian subsidiary
Simbhaoli Sugar: approves fund raising - 15 lakh equity shares + 25 lakh warrants on preferential basis
Microfinance to get a regulator in Nabard – ET (FinMin could move the bill in winter session)
Retail investors may be allowed Rs 2 lakh in IPO – ET
Singh Brothers may buyout Piramal Healthcare’s 10% stake in SLR (Super Religare Labs) – ET
RBI wants lock-in period for FDI In Hotels, Tourism – VS
Ashok Leyland scouts for acquisition in Latin America – BS
Lloyds Steel open offer at Rs 13.95/sh ((CMP: 12.54))
Areva T&D open offer likely at Rs 311/sh – DNA ((CMP: 296))
Orrisa Minerals, Rio Tinto in JV talks – DNA
Centre may open sugar exports window for extra 10 lakh tonnes – BL
SKS MicroFinance Q2
Net profit at Rs 80 cr vs Rs 37 cr
Total income at Rs 366 cr vs Rs 207 cr (YoY)
Q1 net profit at Rs 67 crore
F&O cues:
Futures Open Int down Rs 103 crore
Options Open Int up Rs 1505 crore
Nifty Oct Futures shed 16 lakh shares in Open Int
Nifty Oct Futures at 24-point premium
Nifty Nov Futures add 8.5 lakh shares in Open Int
Nifty Nov Futures at 50-point premium
Nifty Open Int PCR at 1.20 versus 1.27
Nifty Puts shed 13 lakh shares in Open Int
Nifty Calls add 35 lakh shares in Open Int
Nifty 5800 Put adds 4 lakh shares in Open Int
Nifty 6100 Put sheds 11 lakh shares in Open Int
Nifty 6200 Call adds 18 lakh shares in Open Int
Nifty 6100 Call adds 9.7 lakh shares in Open Int
Stock Futures add 4 crore shares in Open Int
FIIs in F&O on October 22
Net buy Rs 150 crore in Nifty futures
Nifty futures Open Int down 21,167 contracts
Net buy Rs 774 crore in Nifty options
Nifty options Open Int up 13,767 contracts
Net sell Rs 392 crore in Stock futures
Stock futures Open Int up 177 contracts
US Markets:
US stocks could see big swings to the downside next week on any remotely "bad" news since volatility indexes are at levels considered too low.
Investors also will face a blizzard of earnings, which many analysts believe will continue to support the rally that began early this month. But any disappointments in either earnings or outlooks could, of course, trigger a sharp sell-off.
What's more, the market is likely to continue to garner support from investors' hopes that the Federal Reserve will take more steps to stimulate the economy, in what's known as "quantitative easing" or "QE2." The Fed is expected to unveil its initial commitment under QE2 at its November 2-3 meeting.
The Chicago Board of Options Exchange (CBOE) Volatility Index, or VIX, a gauge widely used to measure investors' anxiety levels, fell 2.54%on Friday to close at 18.78, its lowest level since April. The VIX, which rose to near 50 in May, has been around or under 20 for the past two weeks.
Options traders note that there is a clear sign of extreme complacency in the VIX and that it is making the market more vulnerable than before.
"The 'market volatility' index will see a lot more volatility (next week) since it is at such low levels now," said Steve Claussen, chief investment strategist at online brokerage OptionHouse.com.
The iPath S&P 500 VIX Short Term Futures exchange-traded note, or ETN is also at a new 52-week low of 12.83. The ETN offers directional exposure to volatility and is based off of the front two-month VIX futures.
"If you look at VIX futures, investors seem to be always preparing for something to trigger the volatility to spike up again, yet there is nothing major in the immediate future that justifies that," Claussen said.
The VIX futures were traded at around 21 for November and 24 for December, but going into 2011, they were showing an increase of 40%, trading above 26.
The VIX, widely known as Wall Street's fear gauge, is a 30-day risk forecast of stock market volatility. The index typically has an inverse relationship with the S&P benchmark as it tracks option prices that investors are willing to pay as protection on the underlying stocks.
Earlier this week, the VIX instantly shot up nearly 12% when stocks suffered their steepest one-day decline since August after a surprising rate hike from China.
Earnings on center stage
Earnings will remain the center of attention next week. Many analysts predict that earnings will continue to support the market rally that kicked off October. If more companies report strong results, that could bolster sentiment, along with hopes for more Fed easing.
In the last week of October, 177 S&P 500 companies are due to report their balance sheets, of which seven are Dow components. Among them are energy giants Exxon and Chevron and technology giant Microsoft.
S&P 500 earnings are expected to increase 28% for the third quarter from a year ago, up from a growth estimate of 24% last week, according to Thomson Reuters data.
"The earnings are expected to be good next week as well ... we are not expecting any bad news out of there," said Peter Cardillo, chief market economist at Avalon Partners, in New York.
But Cardillo said that negative news from economic data could spark market volatility, especially as it would come just a week before the November 2-3 meeting of the Federal Open Market Committee, or FOMC, and in the week preceding the November 2nd mid-term elections.
Major economic data for the coming week includes existing home sales, durable goods orders and third-quarter GDP.
Elliot Spar, options market strategist at Stifel Nicolaus, also said a sell-off could begin as early as next week in anticipation of the Fed meeting and the mid-term elections.
"For those that are waiting for the 'sell on the news' event on November 3 when the Federal Reserve Open Market Committee concludes its meeting to discuss the prospect of another round of quantitative easing, I believe that the sell-off in the market will start during the week of October 25."
All three major indexes capped a third straight week of gains. For the week, the Dow and the S&P 500 each rose 0.6% while the Nasdaq gained 0.4%.
From the technical viewpoint, a key support for the S&P 500 was seen at the 10-day moving average, which was at 1,175 as of Friday.
"A clear one-day break of the 10-day moving average with a follow-through to the downside the next day could be the catalyst for a meaningful pullback in the market," Spar said
Stocks that are in news today:
Results today: HUL, Idea, Adani power, Amara Raja, Asian Hotels (East), Crompton Greaves, EID Parry, GIC Housing, HOEC, Mundra Port, Petronet LNG, REC, Rolta, Tata Coffee, Titan, United Bank, Aventis Pharma
Alert: EID parry to also consider stock split
Piramal Health Q2 (cr - crore, vs - versus, cons - consolidated)
Consolidated net sales at Rs 752 cr vs Rs 999.99 cr (YoY)
Consolidated net profit at Rs 12,540 cr vs Rs 106.3 cr (YoY)
Net profit includes sale of assets to Abbott
One-time gain of Rs 16,224 crore
Piramal Health
Board approves buyback at Rs 600/sh via tender offer
Buyback for up to 20% of equity, on proportionate basis
To spend Rs 2,508 cr on buyback
Promoters to participate in buyback, maintain % stake at current levels
Piramal Health Says
Share buyback more tax efficient than dividend
Share buyback maximises value for shareholders
Hope to complete share buyback by February
Dr Reddy's Q2 (IFRS):
Cons net profit at Rs 287 cr vs Rs 217.3 cr (YoY)
Cons net sales at Rs 1,870 cr vs Rs 1,840 cr (YoY)
EBIDTA up 12% at Rs 420 cr (YoY)
Oil Secretary says
OMCs should declare good Q2 results
ONGC wants Cairn to seek permission, ONGC has not heard back from cairn energy yet
Other stocks and sectors that are in news today:
Gujarat NRE Coke to issue guarantee for USD 200 million for borrowings of Gujarat NRE Coking Coal, an Australian subsidiary
Simbhaoli Sugar: approves fund raising - 15 lakh equity shares + 25 lakh warrants on preferential basis
Microfinance to get a regulator in Nabard – ET (FinMin could move the bill in winter session)
Retail investors may be allowed Rs 2 lakh in IPO – ET
Singh Brothers may buyout Piramal Healthcare’s 10% stake in SLR (Super Religare Labs) – ET
RBI wants lock-in period for FDI In Hotels, Tourism – VS
Ashok Leyland scouts for acquisition in Latin America – BS
Lloyds Steel open offer at Rs 13.95/sh ((CMP: 12.54))
Areva T&D open offer likely at Rs 311/sh – DNA ((CMP: 296))
Orrisa Minerals, Rio Tinto in JV talks – DNA
Centre may open sugar exports window for extra 10 lakh tonnes – BL
SKS MicroFinance Q2
Net profit at Rs 80 cr vs Rs 37 cr
Total income at Rs 366 cr vs Rs 207 cr (YoY)
Q1 net profit at Rs 67 crore
F&O cues:
Futures Open Int down Rs 103 crore
Options Open Int up Rs 1505 crore
Nifty Oct Futures shed 16 lakh shares in Open Int
Nifty Oct Futures at 24-point premium
Nifty Nov Futures add 8.5 lakh shares in Open Int
Nifty Nov Futures at 50-point premium
Nifty Open Int PCR at 1.20 versus 1.27
Nifty Puts shed 13 lakh shares in Open Int
Nifty Calls add 35 lakh shares in Open Int
Nifty 5800 Put adds 4 lakh shares in Open Int
Nifty 6100 Put sheds 11 lakh shares in Open Int
Nifty 6200 Call adds 18 lakh shares in Open Int
Nifty 6100 Call adds 9.7 lakh shares in Open Int
Stock Futures add 4 crore shares in Open Int
FIIs in F&O on October 22
Net buy Rs 150 crore in Nifty futures
Nifty futures Open Int down 21,167 contracts
Net buy Rs 774 crore in Nifty options
Nifty options Open Int up 13,767 contracts
Net sell Rs 392 crore in Stock futures
Stock futures Open Int up 177 contracts
US Markets:
US stocks could see big swings to the downside next week on any remotely "bad" news since volatility indexes are at levels considered too low.
Investors also will face a blizzard of earnings, which many analysts believe will continue to support the rally that began early this month. But any disappointments in either earnings or outlooks could, of course, trigger a sharp sell-off.
What's more, the market is likely to continue to garner support from investors' hopes that the Federal Reserve will take more steps to stimulate the economy, in what's known as "quantitative easing" or "QE2." The Fed is expected to unveil its initial commitment under QE2 at its November 2-3 meeting.
The Chicago Board of Options Exchange (CBOE) Volatility Index, or VIX, a gauge widely used to measure investors' anxiety levels, fell 2.54%on Friday to close at 18.78, its lowest level since April. The VIX, which rose to near 50 in May, has been around or under 20 for the past two weeks.
Options traders note that there is a clear sign of extreme complacency in the VIX and that it is making the market more vulnerable than before.
"The 'market volatility' index will see a lot more volatility (next week) since it is at such low levels now," said Steve Claussen, chief investment strategist at online brokerage OptionHouse.com.
The iPath S&P 500 VIX Short Term Futures exchange-traded note, or ETN is also at a new 52-week low of 12.83. The ETN offers directional exposure to volatility and is based off of the front two-month VIX futures.
"If you look at VIX futures, investors seem to be always preparing for something to trigger the volatility to spike up again, yet there is nothing major in the immediate future that justifies that," Claussen said.
The VIX futures were traded at around 21 for November and 24 for December, but going into 2011, they were showing an increase of 40%, trading above 26.
The VIX, widely known as Wall Street's fear gauge, is a 30-day risk forecast of stock market volatility. The index typically has an inverse relationship with the S&P benchmark as it tracks option prices that investors are willing to pay as protection on the underlying stocks.
Earlier this week, the VIX instantly shot up nearly 12% when stocks suffered their steepest one-day decline since August after a surprising rate hike from China.
Earnings on center stage
Earnings will remain the center of attention next week. Many analysts predict that earnings will continue to support the market rally that kicked off October. If more companies report strong results, that could bolster sentiment, along with hopes for more Fed easing.
In the last week of October, 177 S&P 500 companies are due to report their balance sheets, of which seven are Dow components. Among them are energy giants Exxon and Chevron and technology giant Microsoft.
S&P 500 earnings are expected to increase 28% for the third quarter from a year ago, up from a growth estimate of 24% last week, according to Thomson Reuters data.
"The earnings are expected to be good next week as well ... we are not expecting any bad news out of there," said Peter Cardillo, chief market economist at Avalon Partners, in New York.
But Cardillo said that negative news from economic data could spark market volatility, especially as it would come just a week before the November 2-3 meeting of the Federal Open Market Committee, or FOMC, and in the week preceding the November 2nd mid-term elections.
Major economic data for the coming week includes existing home sales, durable goods orders and third-quarter GDP.
Elliot Spar, options market strategist at Stifel Nicolaus, also said a sell-off could begin as early as next week in anticipation of the Fed meeting and the mid-term elections.
"For those that are waiting for the 'sell on the news' event on November 3 when the Federal Reserve Open Market Committee concludes its meeting to discuss the prospect of another round of quantitative easing, I believe that the sell-off in the market will start during the week of October 25."
All three major indexes capped a third straight week of gains. For the week, the Dow and the S&P 500 each rose 0.6% while the Nasdaq gained 0.4%.
From the technical viewpoint, a key support for the S&P 500 was seen at the 10-day moving average, which was at 1,175 as of Friday.
"A clear one-day break of the 10-day moving average with a follow-through to the downside the next day could be the catalyst for a meaningful pullback in the market," Spar said
Friday, October 22, 2010
22 Oct 2010 CLosing Market Updates
22 Oct 2010 Closing Market Updates 15:31
Volaile market ended with negative bias as profit booking pulled the indices in negative after a positive opening.
Nifty ended at 6063.30 with 38.20 points in negative whereas Sensex ended at 20155.87 with 104.71 points.
In BSE Sectoral Indices, IT index gained the most by 1.01 % whereas Realty shedded the most by 1.57% .
In Nifty50 stocks, TCS gained the most by 5.45% and ended at 1039.90. On the other hand, Wipro lost the most by 4.29% and ended at 450.
TCS was the turnover topper by traded value and Bindal Agro stood the top traded stock today on NSE.
Advance/Decline ratio was negative as 750 stocks declined and 618 stocks gained today on NSE.
Nifty ended at 6063.30 with 38.20 points in negative whereas Sensex ended at 20155.87 with 104.71 points.
In BSE Sectoral Indices, IT index gained the most by 1.01 % whereas Realty shedded the most by 1.57% .
In Nifty50 stocks, TCS gained the most by 5.45% and ended at 1039.90. On the other hand, Wipro lost the most by 4.29% and ended at 450.
TCS was the turnover topper by traded value and Bindal Agro stood the top traded stock today on NSE.
Advance/Decline ratio was negative as 750 stocks declined and 618 stocks gained today on NSE.
22 Oct 2010 Daily Recommendations
22 Oct 2010 Daily Recommendations 08:55
FYI
22 Oct 2010
Recommendations:
Note : Follow in positive market bias.
Nifty Fut Abv 6145 sl 6090 T 6240 P
Albk Fut sl 238 T 247
Ambujacem Fut sl 138 T 144
Axisbank Fut sl 1500 T 1533
BankIndia Fut sl 551 T 563
BankNifty Fut Abv 12545 sl 12485 T 12682 P
BEML Fut sl 1145 T 1177
Colpal Abv 860 sl 852 T 872/882 P
ICICIBank Fut Abv 1142 sl 1131 T 1157
ITC Fut sl 174 T 179
Mcdowell-n Fut sl 1590 T 1620 P
Orientbank Fut sl 489 T 500
Relcapital Fut Abv 846 sl 838 T 858
Tatasteel Fut Abv 635 sl 629 T 646
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. 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 recommendation(s) 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 and/or its business associates and/or its directors and/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. 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 do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.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. Similarly, 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 will not take any assurity about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.
FYI
22 Oct 2010
Recommendations:
Note : Follow in positive market bias.
Nifty Fut Abv 6145 sl 6090 T 6240 P
Albk Fut sl 238 T 247
Ambujacem Fut sl 138 T 144
Axisbank Fut sl 1500 T 1533
BankIndia Fut sl 551 T 563
BankNifty Fut Abv 12545 sl 12485 T 12682 P
BEML Fut sl 1145 T 1177
Colpal Abv 860 sl 852 T 872/882 P
ICICIBank Fut Abv 1142 sl 1131 T 1157
ITC Fut sl 174 T 179
Mcdowell-n Fut sl 1590 T 1620 P
Orientbank Fut sl 489 T 500
Relcapital Fut Abv 846 sl 838 T 858
Tatasteel Fut Abv 635 sl 629 T 646
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. 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 recommendation(s) 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 and/or its business associates and/or its directors and/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. 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 do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.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. Similarly, 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 will not take any assurity about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.
Thursday, October 21, 2010
21 Oct 2010 Closing Market Updates
21 Oct 2010 Closing Market Updates 15:31
Heavyweights like Reliance, Hindustan Unilever and ITC gained and contribute the tripple digit rise in Nifty.Nifty ended at 6092.05 gaining 109.95 points whereas Sensex gained 355.42 points and ended at 20227.57.
All BSE Sectoral indices ended in positive today, FMCG index gained the most by 2.87% followed by Oil&Gas index by 2.02%.
In Nifty50 stocks, Bhartiartl rose the maximum by 4.95% and ended at 337.15 whereas HCL Tech stood the top loser by 0.62% and ended at 423.45.
Relaince Industries was the turnover topper of the day by its traded value. KGL was the top traded stock on NSE today.
Advance/Decline Ratio was postive by 2.51:1 as 976 stocks gained and 388 stocks declined today on NSE.
Heavyweights like Reliance, Hindustan Unilever and ITC gained and contribute the tripple digit rise in Nifty.Nifty ended at 6092.05 gaining 109.95 points whereas Sensex gained 355.42 points and ended at 20227.57.
All BSE Sectoral indices ended in positive today, FMCG index gained the most by 2.87% followed by Oil&Gas index by 2.02%.
In Nifty50 stocks, Bhartiartl rose the maximum by 4.95% and ended at 337.15 whereas HCL Tech stood the top loser by 0.62% and ended at 423.45.
Relaince Industries was the turnover topper of the day by its traded value. KGL was the top traded stock on NSE today.
Advance/Decline Ratio was postive by 2.51:1 as 976 stocks gained and 388 stocks declined today on NSE.
21 Oct 2010 Morning Market Updates
21 Oct 2010 Morning Market Updates 08:38
Results today: TCS, ACC, Ambuja, TVS Motor, Allahabad Bank, Alstom Projects, Bajaj Corp, Corporation Bank, Fresenius Kabi, Indiabulls Financial, JM Financial, Mahindra Forgings, MRF, Info Edge, Persistent Systems, Prime Securities, Sasken, South Indian Bank, Zensar Tech.
Coal India IPO closes today ((Closed for QIBs))
-Total: 11.9 times (x)
-QIB: 24.7x
-NII: 2.9x
-Retail: 1.1x
Power Grid Q2
-Sales at Rs 2126.6 crore (cr) versus (Vs) Rs 1701.3 crore (Expectations: Rs 2115 crore)
-OPM at 83.97% versus 84.15% (Expectations: 84.2%)
-PAT at 651.4 crore versus Rs 459.97 crore (Expectations: Rs 566 crore)
-Profit includes arrears from the Kundankulam project of Rs 84 crore
Indiabulls Real Estate (IBREL) says
-To unlock value by providing direct ownership of power biz
-Board forms restructuring comm to evaluate rejig feasibility
IBREL Q2
-Consolidated net sales at Rs 300 cr vs Rs 171.7 cr (QoQ)
-Consolidated net profit at Rs 50.8 cr vs Rs 20.5 cr (QoQ)
Indiabulls Power board okays 42 crore warrants to promoters convertible into equity at Rs 29/sh ((CMP: 30.85))
Ashok Leyland Q2
-Net sales at Rs 2,714 cr vs Rs 1,577.7 cr (YoY)
-Net profit at Rs 167.1 cr vs Rs 88.6 cr (YoY)
Bombay Dyeing Q2
-Net loss at Rs 30.6 cr vs net loss of Rs 11.1 cr (YoY)
-Net sales at Rs 409.3 cr vs Rs 366.9 cr (YoY)
VIP Industries Q2
-Net profit at Rs 11.4 cr vs Rs 5.6 cr (YoY)
-Net sales at Rs 146 cr vs Rs 119 cr (YoY)
GNFC Q2
-Net profit at Rs 64 cr vs Rs 60.7 cr (YoY)
-Net sales at Rs 801.9 cr vs Rs 766.2 cr (YoY)
Motilal Oswal Q2
-Net profit at Rs 33.1 cr vs Rs 47.5 cr (YoY), ((vs Rs 37.5 cr (QoQ))
-Income from operations at Rs 151 cr vs Rs 158 cr (YoY) ((vs Rs 142 cr (QoQ))
Pidilite Ind Q2
-Net profit at Rs 79.2 cr vs Rs 81.6 cr
-Net sales at Rs 658 cr vs Rs 580 cr
-Operating profit at Rs 126 cr vs Rs 123 cr
-Tax expense at Rs 25 cr vs Rs 15 cr
Other stocks and sectors that are in news today:
-Stocks in F&O curb: Aban, Core Proj, Ispat, Orchid, Suzlon
-Mudra Life open offer at Rs 60/share
-Loan off take loses steam, growth may miss target – ET
-GMR In a spot for levying cargo fees at Delhi – DNA
-100% open offer norm likely, SEBI board may up the trigger limit to 25% - ET (SEBI Board meet on Monday to discuss the overhaul of takeover code)
F&O cues:
Futures Open Int up Rs 651 crore.
Options Open Int up Rs 3270 crore
Nifty Oct Futures add 4 lakh shares in Open Int
Nifty Oct Futures at 26-point premium
Nifty Nov Futures add 4 lakh shares in Open Int
Nifty Nov Futures at 51-point premium
Nifty Open Int PCR at 1.18 versus 1.22
Nifty Puts add 13 lakh shares in Open Int
Nifty Calls add 38 lakh shares in Open Int
Nifty 5800 Put adds 3 lakh shares in Open Int
Nifty 5900 Put adds 2 lakh shares in Open Int
Nifty 6000 Call adds 10.8 lakh shares in Open Int
Nifty 6100 Call adds 6 lakh shares in Open Int
Nifty 6200 Call adds 5.4 lakh shares in Open Int
Stock Futures add 1.3 crore shares in Open Int
FIIs in F&O on October 20
Net sell Rs 372 crore in Nifty futures
Nifty futures Open Int up 18,948 contracts
Net buy Rs 875 crore in Nifty options
Nifty options Open Int up 10,440 contracts
Net sell Rs 261 crore in Stock futures
Stock futures Open Int up 6,239 contracts
Results today: TCS, ACC, Ambuja, TVS Motor, Allahabad Bank, Alstom Projects, Bajaj Corp, Corporation Bank, Fresenius Kabi, Indiabulls Financial, JM Financial, Mahindra Forgings, MRF, Info Edge, Persistent Systems, Prime Securities, Sasken, South Indian Bank, Zensar Tech.
Coal India IPO closes today ((Closed for QIBs))
-Total: 11.9 times (x)
-QIB: 24.7x
-NII: 2.9x
-Retail: 1.1x
Power Grid Q2
-Sales at Rs 2126.6 crore (cr) versus (Vs) Rs 1701.3 crore (Expectations: Rs 2115 crore)
-OPM at 83.97% versus 84.15% (Expectations: 84.2%)
-PAT at 651.4 crore versus Rs 459.97 crore (Expectations: Rs 566 crore)
-Profit includes arrears from the Kundankulam project of Rs 84 crore
Indiabulls Real Estate (IBREL) says
-To unlock value by providing direct ownership of power biz
-Board forms restructuring comm to evaluate rejig feasibility
IBREL Q2
-Consolidated net sales at Rs 300 cr vs Rs 171.7 cr (QoQ)
-Consolidated net profit at Rs 50.8 cr vs Rs 20.5 cr (QoQ)
Indiabulls Power board okays 42 crore warrants to promoters convertible into equity at Rs 29/sh ((CMP: 30.85))
Ashok Leyland Q2
-Net sales at Rs 2,714 cr vs Rs 1,577.7 cr (YoY)
-Net profit at Rs 167.1 cr vs Rs 88.6 cr (YoY)
Bombay Dyeing Q2
-Net loss at Rs 30.6 cr vs net loss of Rs 11.1 cr (YoY)
-Net sales at Rs 409.3 cr vs Rs 366.9 cr (YoY)
VIP Industries Q2
-Net profit at Rs 11.4 cr vs Rs 5.6 cr (YoY)
-Net sales at Rs 146 cr vs Rs 119 cr (YoY)
GNFC Q2
-Net profit at Rs 64 cr vs Rs 60.7 cr (YoY)
-Net sales at Rs 801.9 cr vs Rs 766.2 cr (YoY)
Motilal Oswal Q2
-Net profit at Rs 33.1 cr vs Rs 47.5 cr (YoY), ((vs Rs 37.5 cr (QoQ))
-Income from operations at Rs 151 cr vs Rs 158 cr (YoY) ((vs Rs 142 cr (QoQ))
Pidilite Ind Q2
-Net profit at Rs 79.2 cr vs Rs 81.6 cr
-Net sales at Rs 658 cr vs Rs 580 cr
-Operating profit at Rs 126 cr vs Rs 123 cr
-Tax expense at Rs 25 cr vs Rs 15 cr
Other stocks and sectors that are in news today:
-Stocks in F&O curb: Aban, Core Proj, Ispat, Orchid, Suzlon
-Mudra Life open offer at Rs 60/share
-Loan off take loses steam, growth may miss target – ET
-GMR In a spot for levying cargo fees at Delhi – DNA
-100% open offer norm likely, SEBI board may up the trigger limit to 25% - ET (SEBI Board meet on Monday to discuss the overhaul of takeover code)
F&O cues:
Futures Open Int up Rs 651 crore.
Options Open Int up Rs 3270 crore
Nifty Oct Futures add 4 lakh shares in Open Int
Nifty Oct Futures at 26-point premium
Nifty Nov Futures add 4 lakh shares in Open Int
Nifty Nov Futures at 51-point premium
Nifty Open Int PCR at 1.18 versus 1.22
Nifty Puts add 13 lakh shares in Open Int
Nifty Calls add 38 lakh shares in Open Int
Nifty 5800 Put adds 3 lakh shares in Open Int
Nifty 5900 Put adds 2 lakh shares in Open Int
Nifty 6000 Call adds 10.8 lakh shares in Open Int
Nifty 6100 Call adds 6 lakh shares in Open Int
Nifty 6200 Call adds 5.4 lakh shares in Open Int
Stock Futures add 1.3 crore shares in Open Int
FIIs in F&O on October 20
Net sell Rs 372 crore in Nifty futures
Nifty futures Open Int up 18,948 contracts
Net buy Rs 875 crore in Nifty options
Nifty options Open Int up 10,440 contracts
Net sell Rs 261 crore in Stock futures
Stock futures Open Int up 6,239 contracts
Wednesday, October 20, 2010
20th Oct Closing Market Updates:
20th Oct Closing Market Updates:
The Sensex traded above 20,000 mark in volatile trade due to directionless market. Metal, realty and FMCG stocks witnessed marginal profit booking, while oil & gas, healthcare and capital goods managed to trade in green.
Nifty closed 42.80 points down at 5984.50 and Sensex closed 111.48 points down at 19871.65
The Sensex traded above 20,000 mark in volatile trade due to directionless market. Metal, realty and FMCG stocks witnessed marginal profit booking, while oil & gas, healthcare and capital goods managed to trade in green.
Nifty closed 42.80 points down at 5984.50 and Sensex closed 111.48 points down at 19871.65
20 Oct 2010 Recommendations
20 Oct 2010 Daily Recommendations 09:03
FYI
Recommendations:
Buy:
Ambujacem Abv 141 sl 139 T 145
Bhartiartl Fut Abv 329 sl 323 T 335
Colpal Fut Abv 868 sl 858 T 884
Nagarconst Fut Abv 158 sl 156 T 163
Sesagoa Fut Abv 366 sl 361 T 375
Techm Fut Abv 772 sl 762 T 785
Zeel Fut sl 277 T 285
Glenmark sl 307 T 317
Sell:
Andhrabank Fut Bel 167 sl 170 T 162
Corpbank Bel 715 sl 721 T 704
HCLTech Fut Bel 434 sl 441 T 428
Hindalco Fut sl 210 T 200
Orientbank Fut sl 486 T 472
Ster Fut Bel 175 sl 178 T 171
Wipro Fut sl 470 T 457
US Market Updates :
Stocks suffered their steepest one-day decline since August on Tuesday. There were many factors hurting the tape including: A report that a consortium, including the New York Federal Reserve, wants to force Bank of America(BAC) to buy back $47 billion of mortgage bonds, CNBC reported; Chinese surprise rate hike; continued selling in the banks, negative tech earnings and a stronger U.S. dollar that hit the commodity/energy complex. The Dow Jones Industrial Average ended down 165.07 points, or 1.48%, to close at 10,978. The S&P 500 fell 18.81 points, or 1.59%, to close at 1165, and the Nasdaq was down 43.71 points, or 1.76%, to finish at 2436. All of the major S&P 500 sectors fell, led by energy, materials and health care.
Disclaimer :
Daily recommendations have 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 is intended or should be construed as investment advice. It is intended to be used for informational purposes only. 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 recommendation(s) 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 and/or its business associates and/or its directors and/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. 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 do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.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. Similarly, 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 will not take any assurity about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.
FYI
Recommendations:
Buy:
Ambujacem Abv 141 sl 139 T 145
Bhartiartl Fut Abv 329 sl 323 T 335
Colpal Fut Abv 868 sl 858 T 884
Nagarconst Fut Abv 158 sl 156 T 163
Sesagoa Fut Abv 366 sl 361 T 375
Techm Fut Abv 772 sl 762 T 785
Zeel Fut sl 277 T 285
Glenmark sl 307 T 317
Sell:
Andhrabank Fut Bel 167 sl 170 T 162
Corpbank Bel 715 sl 721 T 704
HCLTech Fut Bel 434 sl 441 T 428
Hindalco Fut sl 210 T 200
Orientbank Fut sl 486 T 472
Ster Fut Bel 175 sl 178 T 171
Wipro Fut sl 470 T 457
US Market Updates :
Stocks suffered their steepest one-day decline since August on Tuesday. There were many factors hurting the tape including: A report that a consortium, including the New York Federal Reserve, wants to force Bank of America(BAC) to buy back $47 billion of mortgage bonds, CNBC reported; Chinese surprise rate hike; continued selling in the banks, negative tech earnings and a stronger U.S. dollar that hit the commodity/energy complex. The Dow Jones Industrial Average ended down 165.07 points, or 1.48%, to close at 10,978. The S&P 500 fell 18.81 points, or 1.59%, to close at 1165, and the Nasdaq was down 43.71 points, or 1.76%, to finish at 2436. All of the major S&P 500 sectors fell, led by energy, materials and health care.
Disclaimer :
Daily recommendations have 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 is intended or should be construed as investment advice. It is intended to be used for informational purposes only. 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 recommendation(s) 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 and/or its business associates and/or its directors and/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. 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 do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.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. Similarly, 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 will not take any assurity about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.
Tuesday, October 19, 2010
19 Oct 2010 Closing Market Updates
19 Oct 2010 Closing Market Updates 15:30
Volatile market ended with negative bias after entering into positive bias. Nifty dipped 100 points from its intraday high of 6127.05 and ended at 6011.10 with a dip of 64.85 points whereas Sensex ended at 19929.08 with a fall of 239.81 points. Nifty current month future ended at 6025.55 with a premium of 14.45 points.
Among BSE Sectoral Indices,only HC index gained by 1.03%. All other sectors ended in red. IT was the top loser by losing 2.29% followed by Realty by 2.25%.
In Nifty50 stocks, Cipla rose the maximum by 1.93% and ended at 332.30 while Sesagoa was the top loser with 3.92% and ended at 357.80.
Biocon wa sthe turnover topper by its traded value and Suzlon was the top traded stock today on NSE.
Advance/Decline ratio was negative as 719 stocks declined and 643 stocks gained today on NSE.
Among BSE Sectoral Indices,only HC index gained by 1.03%. All other sectors ended in red. IT was the top loser by losing 2.29% followed by Realty by 2.25%.
In Nifty50 stocks, Cipla rose the maximum by 1.93% and ended at 332.30 while Sesagoa was the top loser with 3.92% and ended at 357.80.
Biocon wa sthe turnover topper by its traded value and Suzlon was the top traded stock today on NSE.
Advance/Decline ratio was negative as 719 stocks declined and 643 stocks gained today on NSE.
19 Oct 2010
19 Oct 2010 Morning Market updates 08:46
Results today: Bajaj Auto, HDFC Bank, Cadilla Health, Container Corp, Coromandel Intl, Mangalore Chemical, MindTree, Nitin Fire, Polaris, Rallis, Supreme Industries.
Biocon-Pfizer Agreement
-Pfizer to make upfront payments totaling USD 200 million
-Biocon eligible to get additional payments of up to USD 150 million
-Additional payments linked to sales of Biocon Insulin Biosimilars
Biocon Says
-Have a lot of synergy together with Pfizer
-Additional payments linked to markets, sales
-Cannot quantify, but sizeable opportunity for both cos
-Pfizer picking up stake in co 'speculative'
Pfizer Says
-Partnership with Biocon 'significant'
-Step I with Biocon is to sell product in 27 markets
-Step II is to clear regulatory processes in Europe, US
Oil Secretary says
-Incorrect that contractors do not have marketing freedom
-USD 4.2/unit only for KG D6; not valid for other discoveries
-ONGC/RIL cannot ask for higher price from marginal fields
Sesa Goa Q2 (cr - crore, vs - versus)
-Consolidated net profit at Rs 385 cr vs Rs 166 cr ((Poll: Rs 401 cr))
-Consolidated net sales at Rs 907 cr vs Rs 534 cr ((Poll: Rs 944 cr))
Essar Oil Q2
-Net profit at Rs 130 cr vs net loss of Rs 94 cr (YoY)
-Revenue at Rs 12,415 cr vs Rs 11,144 cr (YoY)
-GRM at USD 6.49/bbl vs USD 4.24/bbl (YoY)
-Refinery throughput at 3.69 mt
Indiabulls Securities Q2 (QoQ)
-Net profit at Rs 16.4 cr vs Rs 13.1 cr ((Vs Rs 22.8 cr YoY))
-Income from operations at Rs 85.8 cr vs Rs 76 cr ((Vs Rs 77 cr YoY))
ING Vysya Bank Q2
-NII at Rs 254.2 cr vs Rs 191.4 cr (YoY)
-Net profit at Rs 75.3 cr vs Rs 53.5 cr (YoY)
-NIM at 3.34% vs 3.28%
CRISIL Q2:
-Consolidated net profit at Rs 75.4 cr vs Rs 43 cr (YoY)
-Consolidated net sales at Rs 158 cr vs Rs 133 cr (YoY)
GST
-Asim Dasgupta presents fresh GST plan to FM
-Dasgupta to FM consensus possible if GST council & DRM dropped
-Coromandel International board to also consider stock split
-Shakti Met Dor delisting offer at floor price of Rs 195/share ((Mudar had spoken about how promoters are committing fraud by trying to de-list at a very low price))
-Still in NSE F&O curb: Aban, Ispat, Core Proj, Orchid Chemical, JSW Holdings, Kingfisher
-Out of NSE F&O curb: Vijaya Bank
-Bombay Dyeing ups product prices by 10-15% driven mainly by hike in cotton prices – DNA
-India Oil IPO likely in January, to raise Rs 19,000 crore – ET
-Ravi Uppal joins L&T board, seen as a successor to AM Naik as chairman after he retires in 2012 – ET
-Gurumani claims he is still director, wants to attend SKS meet – ET
-Tata Fin, L&T Fin, Indiabulls and Religare in race to acquire Deutsche Post Bank arm, deal value seen at Rs 1500 crore – BS
FIIs were net sellers to the tune of Rs 174 crore in Nifty Futures and net sellers of Rs 870 crore in Stock Futures on Monday. The Nifty futures ended at 46-point premium.
Nifty Open Interest PCR was at 1.26 versus 1.28. Nifty 6100 Put added 5 lakh shares in Open Interest while Nifty 6100 Call added 5.5 lakh shares in Open Interest and Nifty 6000 Call added 10 lakh shares in Open Interest. Stock futures added 2.4 crore shares in Open Interest.
Fresh long positions were seen in GSPL and Essar Oil; their cost of carry also went up. GSPL rose 1.6% and its futures Open Interest was up 31%. Essar Oil gained 2.3% and its futures Open Interest was up 9%.
Indiabulls Real Estate rose 5.3% and its futures Open Interest was up 10%. The stock rallied 20% this series.
Bharti Airtel slipped 1.9% and its futures Open Interest was up 8%. The stock was down 11% this series.
Vijaya Bank is out of NSE F&O curb. The stock was down 2.5% and its futures Open Interest was also down 22%.
Results today: Bajaj Auto, HDFC Bank, Cadilla Health, Container Corp, Coromandel Intl, Mangalore Chemical, MindTree, Nitin Fire, Polaris, Rallis, Supreme Industries.
Biocon-Pfizer Agreement
-Pfizer to make upfront payments totaling USD 200 million
-Biocon eligible to get additional payments of up to USD 150 million
-Additional payments linked to sales of Biocon Insulin Biosimilars
Biocon Says
-Have a lot of synergy together with Pfizer
-Additional payments linked to markets, sales
-Cannot quantify, but sizeable opportunity for both cos
-Pfizer picking up stake in co 'speculative'
Pfizer Says
-Partnership with Biocon 'significant'
-Step I with Biocon is to sell product in 27 markets
-Step II is to clear regulatory processes in Europe, US
Oil Secretary says
-Incorrect that contractors do not have marketing freedom
-USD 4.2/unit only for KG D6; not valid for other discoveries
-ONGC/RIL cannot ask for higher price from marginal fields
Sesa Goa Q2 (cr - crore, vs - versus)
-Consolidated net profit at Rs 385 cr vs Rs 166 cr ((Poll: Rs 401 cr))
-Consolidated net sales at Rs 907 cr vs Rs 534 cr ((Poll: Rs 944 cr))
Essar Oil Q2
-Net profit at Rs 130 cr vs net loss of Rs 94 cr (YoY)
-Revenue at Rs 12,415 cr vs Rs 11,144 cr (YoY)
-GRM at USD 6.49/bbl vs USD 4.24/bbl (YoY)
-Refinery throughput at 3.69 mt
Indiabulls Securities Q2 (QoQ)
-Net profit at Rs 16.4 cr vs Rs 13.1 cr ((Vs Rs 22.8 cr YoY))
-Income from operations at Rs 85.8 cr vs Rs 76 cr ((Vs Rs 77 cr YoY))
ING Vysya Bank Q2
-NII at Rs 254.2 cr vs Rs 191.4 cr (YoY)
-Net profit at Rs 75.3 cr vs Rs 53.5 cr (YoY)
-NIM at 3.34% vs 3.28%
CRISIL Q2:
-Consolidated net profit at Rs 75.4 cr vs Rs 43 cr (YoY)
-Consolidated net sales at Rs 158 cr vs Rs 133 cr (YoY)
GST
-Asim Dasgupta presents fresh GST plan to FM
-Dasgupta to FM consensus possible if GST council & DRM dropped
-Coromandel International board to also consider stock split
-Shakti Met Dor delisting offer at floor price of Rs 195/share ((Mudar had spoken about how promoters are committing fraud by trying to de-list at a very low price))
-Still in NSE F&O curb: Aban, Ispat, Core Proj, Orchid Chemical, JSW Holdings, Kingfisher
-Out of NSE F&O curb: Vijaya Bank
-Bombay Dyeing ups product prices by 10-15% driven mainly by hike in cotton prices – DNA
-India Oil IPO likely in January, to raise Rs 19,000 crore – ET
-Ravi Uppal joins L&T board, seen as a successor to AM Naik as chairman after he retires in 2012 – ET
-Gurumani claims he is still director, wants to attend SKS meet – ET
-Tata Fin, L&T Fin, Indiabulls and Religare in race to acquire Deutsche Post Bank arm, deal value seen at Rs 1500 crore – BS
FIIs were net sellers to the tune of Rs 174 crore in Nifty Futures and net sellers of Rs 870 crore in Stock Futures on Monday. The Nifty futures ended at 46-point premium.
Nifty Open Interest PCR was at 1.26 versus 1.28. Nifty 6100 Put added 5 lakh shares in Open Interest while Nifty 6100 Call added 5.5 lakh shares in Open Interest and Nifty 6000 Call added 10 lakh shares in Open Interest. Stock futures added 2.4 crore shares in Open Interest.
Fresh long positions were seen in GSPL and Essar Oil; their cost of carry also went up. GSPL rose 1.6% and its futures Open Interest was up 31%. Essar Oil gained 2.3% and its futures Open Interest was up 9%.
Indiabulls Real Estate rose 5.3% and its futures Open Interest was up 10%. The stock rallied 20% this series.
Bharti Airtel slipped 1.9% and its futures Open Interest was up 8%. The stock was down 11% this series.
Vijaya Bank is out of NSE F&O curb. The stock was down 2.5% and its futures Open Interest was also down 22%.
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