18 Jan 2010 Morning Market Updates

18 Jan 2010 Morning Market Updates  09:19

Daily Recommendations :

Buy Gitanjali Abv 202 sl 294 T 224

Buy NDTV Abv 84 sl 82 T 90
Buy OFSS sl 2267 T 2345






Results Today: GAIL, Petronet LNG, Cadila, Bajaj Finserve, DCB, Exide, IBREL, Indiabulls Power, ING Vysya, Mindtree, NIIT Tech, Tata Elxsi.
Siva Ventures acquired over 8% in Usher Agro

-Siva Ventures almost doubled its holding in Usher Agro over the last three weeks through open market purchases.
Indiabulls Real Estate (IBREL) board okays biz restructuring
-IBREL says to restructure power, infra businesses
-IBREL says to demerge power operations from company
-To merge power operations with arm Indiabulls Infra
HCC sources
-Environment ministry submits report on Lavasa
-Gross violations by Lavasa; difficult to okay project
-Environment ministry to give report to Bombay HC on Tuesday
TCS Q3
-Consolidated net sales at Rs 9,663.35 crore versus Rs 9,286.39 crore (QoQ)
-Consolidated net profit at Rs 2,369.83 crore versus Rs 2,169.21 crore (QoQ)
TCS Q3 US GAAP
-Operating profit at Rs 2,713 crore; up 4.3% (QoQ)
-Operating margin at 28.1%; up 7 bps (QoQ)
-Net profit margin at 24.1%; up 144 bps (QoQ)
TCS says
-October-December pricing up 1.18% sequentially
-Added 35 new clients in Q3
-Q3 volumes up 5.7%; growth led by mature markets
-Hope demand will continue to be strong going forward
-Q3 forex gain of Rs 52.16 crore
-Q3 employee utilisation, including trainees at 83.8%
-Overall attrition in Q3 at 14.4%
-Saw adverse impact of currency movement in October-December
-Continuing to experience currency volatility
-Added gross 20,219 employees in Q3
-Q3 offshore revenue up 30 bps at 51.4%
-Deal pipeline continues to look healthy
Rallis India Q3FY11 YoY
-Revenue up 31% to Rs 271 crore versus Rs 207 crore
-PAT up 40% to Rs 33.69 crore versus Rs 24 crore
-OPM 19% versus 21%
Zensar Tech Q3
-Cons net profit at Rs 33.9 crore versus Rs 32.5 crore (YoY)
-Cons net sales at Rs 259 crore versus Rs 240 crore (YoY)


F&O Cues :
 
Total Nifty futures up Rs 75 crore, Options up Rs 2206 crore
Nifty Fut Open Int net add 2.7 lakh shares in Open Int; Nifty futures prem at 3 pts versus flat

Nifty Open Int PCR up at 0.91 from 0.90
Nifty Put add 20.6 lakh shares in Open Int, Call add 16.7 shares in Open Int
Highest Open Int outstanding on call side at 6200 call, 5600 Put
Nifty 5700 Call adds 15.5 lakh shares in Open Int; prem down from 68 to 62
Nifty 5400 put adds 12.1 lakh shares in Open Int; prem down from 27.3 to 16.8
Nifty 5500 Put add 10.2 lakh shares in Open Int; prem down from 45 to 33
Nifty Feb 5600 Put adds 4.5 lakh shares in Open Int; prem down from 151 to 138
Nifty 5600 Call adds 4.2 lakh shares in Open Int
Nifty Feb 5500 Put add 3.14 lakh shares in Open Int; prem down 120 to 104
Nifty 5800 Put shed 7 lakh shares in Open Int
Nifty 5600 Put shed 4.7 lakh shares in Open Int
FIIs in F&O on Jan 17
FIIs net buy Rs 606 crore in Index Futures; Open Int up 19333 contracts
FIIs net sell Rs 443 crore in Index Options; Open Int up 31445 contracts
FIIs net buy Rs 340 crore in Stock Futures; Open Int up 4652 contracts


Sell Indhotel Bel 98 sl 99.5 T 96