9th Nov Daily Recommendations

9th Nov Morning Market Updates:
Daily Recommendations :
Buy Pateleng sl 372 T 392


Buy Prajind sl 68 T 98 L

Buy Punjlloyd sl 125 T 136 P

Buy Aban sl 836 T 856

Hold long Tatasteel sl 627 T 648 P

Hold long Sesagoa sl 336 T 347

Sell HDFCBank Bel 2332 sl 2345 T 2303

Sell Infosystch sl 3036 T 2982

Sell Jetairways Bel 796 sl 805 T 780


Results today: Hindalco, Tata Motors, Apollo Hospital, Briage ent, Divis Lab, Deccan Cem, Fin tech, GMR Infra, Hathaway cables, JHS Svengaard, LML, Opto circuits, Panacea Bio, United breweries Hldg



SBI Q2:

Net Profit: Up 0.45% from Rs 2490 cr to Rs 2501.47 cr(expectation of Rs 2971 cr)

NII: Up 44.68% from Rs 5608.58 cr to Rs 8114.87 cr(expectation of Rs 7575.54 cr)

NIM at 3.43% vs 2.55% YoY; vs 3.18% QoQ

Other Income At `4,005 Cr Vs `3,524 Cr (YoY)

Total Provisions At `2,621 Cr Vs `1,016 Cr (YoY) (provisions were expected at Rs 1900 cr)

Gross NPAs At 3.35% As On September 30 Vs 2.99% (YoY)

Net NPAs At 1.7% As On September 30 Vs 1.73% (YoY)

Capital Adequacy Ratio At As On September 30 At 13.2%

Provision Coverage Ratio At 62.78% As On September 30

Includes State Bank of Indore’s number from Aug 26 to Sept 30

SBI Says


To Ramp Up Provision Coverage By 2-3% Every Quarter

Made Additional `449 Cr As NPA Provision

Made `300 Cr Gratuity Provision

Have The Highest NII In SBI History

Q3 NIMs To Be More Than Q2 ::

Interest Rates Biased Upwards In Short-term

Q2 Saw Ballooning Of Restructured Assets As NPAs

To Discuss Planned Rights Issue With Govt On Thursday



IDFC Q2FY11

NII: Rs 374 cr vs Rs 277 cr (expectation of Rs 367.76 cr)

Non-interest income: Rs 267 cr vs 245 cr (Expectation of Rs 285 cr)

Net Profit: Rs 339 cr vs Rs 291.84 cr (expectation of Rs 348 cr)

Loan book grew by 56% YoY to Rs 34397 cr; up 19% QoQ

Balance Sheet grew by 45.15% YoY & up 20.23% QoQ

Exposure up 91.645 YoY & up 21.94% QoQ

Non Interest Income split Q2FY11

Principal Investments: Rs 12 cr vs Rs 61 cr

AMC: Rs 75 cr vs 69 cr

Investment banking: Rs 74 cr vs Rs 63 cr



Oberoi realty (cons Q2)

Net sales at Rs 170 cr vs 260.6 cr

PAT at Rs 95.5 cr vs 149.5 cr



Venky's India Q2:

Net Profit At `14.3 Cr Vs `8.4 Cr (YoY)

Net Sales At `204 Cr Vs `162 Cr (YoY)



Other stocks and sectors in the news

Sources Say HPCL Hikes Petrol Prices By Around 31 Paise/L

Hindalco: Disruption of production in Smelter-3, will cause loss of cathode production of around 8000MT; covered by insurance

Hindustan Zinc cuts zinc price by `2,200/t to `1.25 lakh

JVL Agro: ex split 10:1

Securities in F&O ban: Core Projects, Essar Oil, Kingfisher, KS oils, Orchid chem., Rel media

Banks back converting airline debt into bonds, repayment tenure to be extended to 12 years

F&O cues:




Nifty futures net adds 38 lakh shares in Open Int (-5.8 lakh in Aug & +17.8 lakh in Sep)

Excerpts from Bazaar on CNBC-TV18 Watch the full show »












Nifty Futures at 13 pts premium



Nifty Open Int PCR at 1.37



Nifty Puts add 17 lakh shares, Calls add 9.2 lakh shares in Open Int



Nifty Nov 6300 Put add 6.2 lakh shares in Open Int



Nifty Nov 6200 add 3.8 lakh shares in Open Int



Nifty Nov 5900 Put add 3.3 lakh shares in Open Int



Nifty Nov 6600 Call adds 3.2 lakh shares in Open Int



Nifty Nov 6500 Call add 3.2 lakh shares in Open Int



Nifty Nov 6600 Put add 2.2 lakh shares in Open Int



FIIs in F&O on November 05



Net buy Rs 61 crore in Nifty futures



Net buy Rs 280 crore in Nifty options



Net buy Rs 27 crore in Stock Futures

US Markets:
On Wall Street, a stronger dollar restrained buying so that the stock market spent the session chopping along in the red without any clear form of leadership. The S&P 500 however managed to hold above the 1200 mark.




Dow Jones Industrial Average was down 0.33% or 37.24 points at 11406.84. Nasdaq Composite was up 0.04% or 1.07 points at 2580.05. Standard & Poor's 500 was down 0.21% or 2.6 points at 1223.25.

The dollar rose against the euro for a second straight session as budget problems in Ireland and euro zone debt issues prompted investors to seek safety in the greenback.




The gain in commodities was once again led by the surge in precious metals- gold rallied to all-time high above 1,400 dollars an ounce extending its record-breaking rally to a third day, as safe-haven buying prompted by renewed budget problems in Ireland more than offset a sharp dollar bounce.



Oil prices edged higher posting a sixth straight rise to a two-year peak above USD 87 a barrel as concerns about the inflationary effect of monetary easing by the central banks supported prices despite a bounce by the dollar.



Copper too rallies as investors bet that the stimulus will bolster demand for the metal.