6th Oct 2010 Daily Recommendations

6th Oct 2010 Daily Recommendations 09:09

 FYI

Note : Follow Buy recommendations in POsitive market bias &/or v.v.

Buy Maruti sl 1495 T 1525

Buy Rcom sl 168 T 190 P

Buy Concor sl 1281 T 1374 P

Buy Corpbank Abv 724 sl 710 T 758 P

Buy HDIL sl 271 T 285/295 P

Buy IOB Abv 144 sl 141 T 151

Buy Mphasis Abv 644 sl 633 T 660 P

Hold Long Patni sl 442 T 487 P

Hold Long RNRL sl 40 T 46 P

Buy Jaicorpltd sl 258 T 275 P

Buy RIIL sl 912 T 1010 P

Buy Prajind sl 73 T 85/88 P

Buy Nagarconst sl 159 T 168

Sell PNB Bel 1289 sl 1300 T 1269

Sell SBIN Bel 3238 sl 3255 T 3175 P

Sell Colpal Bel 870 sl 882 T 855

Sell Crompgreav Bel 311 sl 315 T 307

Sell Titan Bel 3263 sl 3288 T 3214

Stocks in News :

-ICICI Bank ups base rate by 25 bps to 7.75% & ups deposit rates by 25-50 bps w.e.f. October 6
-Andhra Bank hikes base rate by 25 bps to 8.5%
-Federal Bank ups base rate by 25 bps to 8% w.e.f. October 1: NW18: Sources
-Canara Bank ups base rate by 50 bps to 8.5% w.e.f. October 1: NW18: Sources
-UCO Bank hikes base rate by 50 bps to 8.5%: NW18: Sources

Ansal API  - CNBC-TV18 Exclusive: Sources
-Ansal API QIP closes: raises approximately USD 50 million via QIP
-Ansal API QIP closes: QIP was for USD 35 million with an upsize option
CNBC-TV18 alert: IDFC Capital sole banker to Ansal API's QIP

Shipping Corp
-Cabinet okays divestment in Shipping Corp
-Govt to sell 10% stake in Shipping Corp
-Shipping Corp to raise Rs 1,300 crore via stake sale
CNBC-TV18 alert: Govt's stake in Shipping Corp to fall to 63.75%
-Retail investors to get 5% discount in Shipping Corp FPO
-Shipping Corp to issue 10% fresh equity

Oberoi Realty IPO opens today
-Anchor Investors: Fidelity, Eton Park Cap, T Rowe Price, Ochiff
-Anchor Investors: Reliance MF, Birla MF, ICICI Prudential
-Oberoi Realty to raise Rs 1,000 crore Via IPO
-Price band at Rs 253-260/share
BS TransComm IPO opens today  -Issue of 76.79 lakh equity shares
-Price band at Rs 257-266/share
-Bids can be made in 25 shares and in multiples of 25 shares thereafter 

ITI - NewsWire18
-Cabinet okays 2 years extension of BSNL, MTNL order quota for ITI
-Govt says BSNL, MTNL to give 70% advance to ITI on equipment orders

Board meets today:
-Wyeth  - results
-Sadbhav Engg – stock split
-Pfizer – results
-JMC Pdt- consider fund raising plans
-Ind Swift Labs – consider allotment 80 lakh zero coupon convertible warrants to promoters

Halonix
-Actis PE Fund looking to sell entire 66% stake in Halonix: NW18: Sources
-Actis appoints Enam as advisor for Halonix stake sale: NW18: Sources

UMPPs-No new UMPPs to be bid out this fiscal: Srcs
-Proposed 3 UMPPs run into environment hurdles: Srcs
-Fresh delay for Cheyyur UMPP, bid unlikely this FY: Srcs
Alert: RFQ for Cheyyur UMPP was to be floated In FY11
Alert: Chattisgarh, Orissa UMPPs also face environmental issues
-Environment Ministry wants 1-year for Cheyyur port study: Sources

Other stocks and sectors that are in news today:
-Eros International Media and Career Point listing today
-OnMobile buys 3G Technology Solutions from Dilithium Networks: NW18
-Confidence Petro – board approves fund raising upto Rs 500 crore
-Godrej Properties signs Development Agreement with Bombay Footwear to develop a plot of land admeasuring 5442.10 square metres located at Village Deonar, Chembur
-Cox & Kings – FII limit upped to 74%
-Hanung Toys denies 1:1 bonus news 

F&O Cues : 

Futures Open Int was up by Rs 1717 crore

Options Open Int was up by Rs 3348 crore

Nifty Futures add 2 lakh shares in Open Int

Nifty Futures at 37-point premium

Nifty Open Int PCR at 1.32 versus 1.35

Nifty Puts add 16 lakh shares in Open Int

Nifty Calls add 25 lakh shares in Open Int

Nifty 5700 Put adds 3.4 lakh shares in Open Int

Nifty 5800 Put adds 2.5 lakh shares in Open Int

Nifty 6500 Call adds 6.2 lakh shares in Open Int

Nifty 6200 Call adds 3.7 lakh shares in Open Int

Nifty 6300 Call adds 3.7 lakh shares in Open Int

Stock Futures add 5.6 crore shares in Open Int

FIIs in F&O on October 5

Net sell Rs 725 crore in Nifty Futures

Net buy Rs 221 crore in Nifty Options

Net sell Rs 1176 crore in Stock Futures

US Market Updates :

Early Tuesday, Japan's central bank announced a move to lower its key interest rate to between 0% and 0.1%. It previously stood at 0.1%. The bank also said it would purchase about $60 billion of government bonds and other assets, to boost the pace of the country's recovery.The Bank of Japan downgraded its economic forecast, but investors took the monetary policy move as a hopeful sign for the world's third-largest economy.

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