Buy ACC Abv 1038 sl 1025 T 1060
Buy Cairn sl 340 T 347
Buy Tatapower sl 1388 T 1435
Hold Short Hindunilvr sl 301
Stocks that are in news today:
Kingfisher
Wilbur Ross may be looking to invest in Kingfisher Airlines
Wilbur Ross likely to invest USD 100-150 million
Wilbur Ross likely to use convertible debt route for investment
Wilbur Ross primarily invests in distressed assets via his global funds
Vijay Mallya & Sanjay Aggarwal currently in US for Kingfisher Airlines roadshow
KFA recently hired former SpiceJet CEO Sanjay Aggarwal
Wilbur Ross, Kingfisher Airlines decline to comment
Steel Secretary:
SAIL FPO in November or January
Appointment of two new directors for SAIL board under consideration
Government approves restructuring of SAIL's board
Pfizer Q3
Net sales at Rs 225.6 crore versus Rs 204.8 crore (YoY)
Net profit at Rs 42.5 crore versus Rs 41.2 crore (YoY)
Other stocks and sectors that are in news today:
Bank of India ups base rate from 8.00% to 8.50%
Zee Entertainment goes ex-scheme of arrangement, new F&O contracts to be introduced
Vivimed Labs board meet on October 9 to consider capital raising
Indswift Labs postpones board meeting on warrant allotment to promoters
Kalpataru Power to invest Rs 90 crore in JMC Projects via buying 43.5 lakh shares at Rs 207/sh ((JMC CMP: 226)) – Kalpataru is promoter with 53% stake, stake to go up to 61%
Kalanithi Maran buys 5% more in SpiceJet, ups stake to 45%
F&O cues:
Futures Open Int up Rs 682 crore
Options Open Int up Rs 3028 crore
Nifty Futures shed 10 lakh shares in Open Int
Nifty Futures at 28-point premium
Nifty Open Int PCR at 1.27 versus 1.32
Nifty Puts add 6.6 lakh shares in Open Int
Nifty Calls add 29 lakh shares in Open Int
Nifty 6200 Put adds 4 lakh shares in Open Int
Nifty 6100 Put adds 4 lakh shares in Open Int
Nifty 5700 Put sheds 9 lakh shares in Open Int
Nifty 6500 Call adds 10.5 lakh shares in Open Int
Nifty 6400 Call adds 5.9 lakh shares in Open Int
Nifty 6300 Call adds 5.5 lakh shares in Open Int
Stock Futures add 4.7 crore shares in Open Int
FIIs in F&O on October 6
Net buy Rs 286 crore in Nifty Futures
Net buy Rs 560 crore in Nifty Options
Net sell Rs 1117 crore in Stock Futures
Market cues:
US markets end flat
Asia opens on a quiet note
FIIs were net buyers of USD 217 million in equities on October 5
NSE F&O Open Int was up by Rs 3710 crore at Rs 1.55 lakh crore
As per provisional data of October 6, FIIs were net buyers of Rs 1842 crore; DIIs were net sellers of Rs 976 crore in cash markets. FIIs were net sellers of Rs 284 crore in F&O.
US Markets:
US markets were unable to build on Tuesday's big bounce mostly because of disappointment over the September ADP employment data. The Dow and S&P 500 essentially followed up a choppy, lackluster session with a flat finish, but the Nasdaq underperformed.
Dow Jones Industrial Average was up 0.21% or 22.93 points at 10967.65. Nasdaq Composite was down 0.80% or 19.17 points at 2380.66. Standard & Poor's 500 was down 0.07% or 0.78 points at 1159.97.
In economic data, the September ADP employment report indicated that private payrolls fell by 39,000 last month, but economists had expected an increase of 18,000. On a positive note, data for the prior month was revised upward to reflect an addition of 10,000 payrolls. Still, the downside surprise of September adds to the uncertainty of the official nonfarm payrolls report due tomorrow.
In key economic data to watch out for- the weekly initial jobless claims would be released in US today. Estimates suggest the data dropping further to 450,000 from the previous week's 453,000 levels.
In currency space- the dollar tumbled to a new 15-year low against the yen and an eight-month trough versus the euro on expectations the Federal Reserve will ease monetary policy to boost the US economy.
In commodities oil traded near a five-month high after the dollar declined against the euro and a US government report showed drop in gasoline stockpiles, bolstering optimism about economic recovery.
In base metals, copper rose to the highest price in almost 27 months after the dollar extended a slump, boosting the appeal of commodities as alternative investments.
Gold, meanwhile, continued its record run, rising as high as nearly USD 1,350 an ounce, before slipping back slightly, as investors punished the dollar ahead of the Federal Reserve's possible resumption of special measures to protect the flagging economy.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
No comments:
Post a Comment