5 Nov 2010 Muhurt Picks

05 Nov 2010  17:15
Impact of US market gains because of Fed announcement boosted Asian Markets today.Hang Seng rose 341 points whereas Nikkei gained 267 points. So the mood in our market will be definitely bullish.Similarly, Samvat 2067 will start today and the this is the best opportunity for the bulls to ride on the Global bullish wave. Its an opportunity that Nifty would cross its previous all time high which is 6357.10 recorded on 8th Jan 2008.
Diwali Special Recommendations :

Buy IRB sl 243 T 288/298(P)


Subscribe for Powergrid FPO

Issue closes on 11th Nov 2010

For Doorstep Service, Call on +919975060000 or 020-32669956

About Powergrid FPO : India's biggest inter-state transmission company Power Grid Corporation of India with launch follow-on public offer (FPO) on November 9. Retail investors and employees will get equity shares at 5% discount to final issue price.

The subscription for FPO will be closed for QIB bidders on November 11 and for retail and non-Institutional bidders (including eligible employees bidding in the Employee Reservation Portion) it will close on November 12.The company is offering 84,17,68,246 equity shares through IPO, which comprises a fresh issue of 42,08,84,123 shares and an offer for sale of 42,08,84,123 shares by the President of India acting through the Ministry of Power, Government of India. The issue will constitute 18.2% of the post issue paid-up capital of company.The proceeds will be mainly utilised for constructing nine country-wide high capacity power transmission corridors costing USD 13 billion (Rs 58,000 crore).
SBI Capital Markets Ltd, Goldman Sachs (India) Securities Pvt Ltd, ICICI Securities and JP Morgan India Pvt Ltd are the book running lead managers to the issue.
Earlier, on July 2, the company has approved the FPO of 20% of existing paid up share capital comprising fresh issue of 10% of existing paid up share capital and offer for sale (Disinvestment) of 10% of existing paid up share capital by Government of India. Post dilution, the government stake would be 76.36% in company.The company had raised nearly Rs 3,000 crore via IPO in October, 2007, wherein the government had divested 5% stake in the company.

Today's Recommendations to Capitalize on :



Buy Aban Fut sl 833 T 844
Buy Apil Abv 800 sl 792 T 820
Hold Bhel sl 2514 T 2560
Buy Cairn Abv 331 sl 328 T 337
Buy Hindunilvr sl 297 T 303
Buy IDFC sl 211 T 222
Buy Infosystch sl 3055 T 3111 P
Buy Jindalstel Abv 725 sl 717 T 735
Buy JPAssociate sl 126 T 133
Buy Powergrid sl 98 T 108
Buy Reliance sl 1088 T 1145
Buy Relinfra Abv 1057 sl 1047 T 1072 P
Buy Tatapower Abv 1405 sl 1397 T 1417
Hold Tatasteel sl 615 T 632 P

US Market :

Dow back to pre-Lehman level.

US stocks extended a rally that started in September to close at two-year highs on Thursday, a day after the Federal Reserve unveiled a plan to boost the economy. Dow closed at 11,434.84 with 219.71 points higher while Nasdaq closed at 2577.34 with a 37.07 points up.

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