31 Jan 2011 Morning Market Updates 09:05
As Asian Markets opened weak, our market will follow the same trend.
The turmoil in Egypt is a key concern for global markets at the moment the government imposed curfew was ignored for a second night and military jets and helicopters, some bearing the presidential seal, flew low over the centre of the city in a show of strength. Protesters, meanwhile, turned to the army and to a retired diplomat to maintain momentum in efforts to unseat Hosni Mubarak. Thousands gathered in Cairo's Tahrir Square to protest. More than 100 people have died in the turmoil so far
Pessimism and lacking buying interest are the factors which are affecting the market. Logically speaking, investors can consider this as an opportunity. These investors were into a hurry to Buy L&T* stock at 2000 levels but now the same stock with no change in fundamentals is getting at 40% discounted rate but investors have become fearful and considering it may fall further. This is how retail investors fail for bottom fishing.
It is true that no one can predict the bottom of the market but we advice to start building your portfolio with our value buys.
1)Bajajhind,2)BHEL,
3)DCHL,
4)EIH,
5)GPIL(@ 183), 6)GUJNRECOKE,
7)HCC, 8)HDIL,
9)IRB(around 194),
10)JPAssociat, 11)JSWenergy, 12)Jubilant,
13)LT,
14)Mcdowell-n, 15)MLL,
16)NHPC,
17)ONGC,
18)Powergrid, 19)Punjlloyd,
20)Reliance,
21)SCI,
22)Thermax,
23)Yesbank.
Nifty support : 5460/5345
Nifty Resistance : 5550
Bank Nifty entry level 9800
Results today: Andhra Bank, Asahi Infra, Bajaj Steel, Birla Cap, BPCL, DB Realty, Dabur India, DLF, GVK Power, NTPC, IDFC, Tata Comm, KEC Intl, Gujarat Fluorochemical.
Govt appoints R Gopalan as economic affairs secretary
-R Gopalan to also hold additional charge of financial services
RS Sharma says:
-ONGC has categorical right of first refusal on Cairn blocks
-Did not make counter offer for Cairn as valuation unsuitable
-Very clear Cairn-Vedanta deal will be resolved shortly
Mindtree
-Ashok Soota resigns from MindTree’s board of directors
-Ashok Soota resigns as Executive Chairman/ member of board
-Siemens makes open offer to acquire 19.82% stake at Rs 930/sh (CMP Rs 727), promoters currently hold 55% stake, offer opens of March 25, closes on April 13
-ITC to setup Rs 3000 crore paper unit in Andhra Pradesh as part of plans to double capacity over the next five years (ET)
-Deepak Fertilizers plans to invest Rs 80-100 corre to setup a plant to manufacture customized fertilizers in the next 18-24 months (ET)
-Tata Power in negotiations to refinance close to USD 300 million of debt raised to buy assets of Indonesia’s PT Bumi Resources (ET)
-SAIL to setup 1000 MW power plant in Sultanpur Uttar Pradesh (ET)
-Nirma set to delist its shares at Rs 260/share currently holding 22.83% (ET)
-Dhanlaxmi Bank plans to raise Rs 1100 crore to improve its capital position ahead of the entry of new private banks (ET)
-HPCL plans lubricant blending facility after a new refinery at Ratnagiri coastal Maharashtra takes shape (BS)
-EPFO plans to invest in LIC Housing again (FE)
-JSW to setup downstream facility on the 700 acres of the land of BSAL has acquired the land for Rs 210 crore (FE)
-GTL Infra & VIOM networks eyeing to buy Vodafone Essar Ltd’s 7000 telecom towers (Mint)
-United Phosphorus set to restart its Ankleshwar unit in Gujarat which was closed down after Chinese companies started dumping phosphorus (DNA)
-Lupin plans to launch products in USA, Latin America, Australia and South Africa (DNA)
-Lupin in talks to buy 300 acres from Indiabulls near Nashik in SEZ for around Rs 300 crore (HT)
-Kingfisher gets a Rs 1644 crore debt relief through debt restructuring (BL)
-PharmAsia News says Zenotech gets USFDA nod for injectibles facility near Hyderabad.
-Simbhaoli Sugar allots 30 lakh shares at Rs 50/sh (CMP Rs 47) on preferential basis to non promoters
-Eros International & Ocher Studios to co-produce Rajnikanth's next movie RANA
-Renaissance Jewellery board approves issue of 20,00,000 convertible share warrants on preferential basis
-Kerala Ayurveda Ltd (also listed) & Tata Global Beverages Ltd & Kerala Ayurveda Limited sign MOU to form a Joint Venture for Product Development.
-Binani Industries proposes to acquire Composite Products, Inc, USA. Its company engaged in the manufacture of Composite Products, and acquisition through the merger of the Company's SPV, Binani Composites, USA with it.
-CEBBCO obtained Vendor approval from Wagon Directorate of RDSO, Ministry of Railways, for refurbishment work of BOXNR Wagons for the Indian Railway
-Emami Ltd: Emami Overseas FZE a step down WOS of company has acquired 90.59% (1926 shares) Share Capital of M/s. Pharma Derm S A E Co
-Persistent System: Ex dividend by Rs 3
F&O cues:
-Videocon in F&O ban
Total Nifty futures up Rs 217 crore, Options up Rs 11497 crore
Stock futures net add 66 lakh shares in Open Int
Nifty Fut OI net add 13 lakh shares in OI; Nifty futures premium at 25 points.
Nifty OI PCR unchanged at 1.31
Nifty Put add 1.1 crore shares, Call add 83 lakh shares in OI
Highest OI outstanding at 5400 Put, 5500 Put, 5800 call
Nifty 5400 Put adds 26 lakh shares in OI
Nifty 5600 Call adds 20.9 lakh shares in OI
Nifty 5200 Put adds 15.3 lakh shares in OI
Nifty 5100 Put adds 14.9 lakh shares in OI
Nifty 5700 Call adds 12.8 lakh shares in OI
Nifty 5300 Put adds 12.7 lakh shares in OI
Nifty 5500 Call adds 10.7 lakh shares in OI
Nifty 5000 Put adds 6.9 lakh shares in OI
FIIs in F&O on Jan 28
FIIs net sell Rs 321 crore in Index Futures; Open Int up by 29953 contracts
FIIs net buy Rs 3040 crore in Index Options; Open Int up by 221982 contracts
FIIs net sell Rs 412 crore in Stock Futures; Open Int up by 7193 contracts
FIIs Interest :
FIIs were net sellers to the tune of Rs 321 crore in Index Futures on Friday, which open interest (OI) was up by 29953 contracts. FIIs were net sellers of Rs 412 crore in Stock Futures; which OI was up by 7193 contracts.
FIIs were net buyers of Rs 3040 crore in Index Options; which OI was up by 221982 contracts.
Nifty 5400 Put added 26 lakh shares in Open Interest, Nifty 5200 Put added 15.3 lakh shares in Open Interest and Nifty 5100 Put added 14.9 lakh shares in Open Interest. Nifty 5600 Call added 20.9 lakh shares in Open Interest.
Fresh shorts & cash based selling were seen in RIL, DLF, M&M and IVRCL Infrastructure. RIL tumbled 3%; its OI was up by 6% and delivery volume declined at 39.5 lakh equity shares versus 41.5 lakh.
DLF went down 7%; its OI was up by 11% and delivery volume increased at 39.5 lakh shares versus 22.5 lakh. M&M lost 5%; its OI was up by 10% and delivery volume went up at 30 lakh shares versus 25.2 lakh.
IVRCL Infra tanked 8.5%; its OI was up by 15% and delivery volume increased to 28 lakh shares versus 20 lakh.
Short covering was seen in ONGC. The stock rose 2.5%; its OI was down by 6%.
Disclaimer :
This blog has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. This document is not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendation(s) 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 and/or its business associates and/or its directors and/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 (IFCL) 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. 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 do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.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. Similarly, 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 will not take any assurity about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.
As Asian Markets opened weak, our market will follow the same trend.
The turmoil in Egypt is a key concern for global markets at the moment the government imposed curfew was ignored for a second night and military jets and helicopters, some bearing the presidential seal, flew low over the centre of the city in a show of strength. Protesters, meanwhile, turned to the army and to a retired diplomat to maintain momentum in efforts to unseat Hosni Mubarak. Thousands gathered in Cairo's Tahrir Square to protest. More than 100 people have died in the turmoil so far
Pessimism and lacking buying interest are the factors which are affecting the market. Logically speaking, investors can consider this as an opportunity. These investors were into a hurry to Buy L&T* stock at 2000 levels but now the same stock with no change in fundamentals is getting at 40% discounted rate but investors have become fearful and considering it may fall further. This is how retail investors fail for bottom fishing.
It is true that no one can predict the bottom of the market but we advice to start building your portfolio with our value buys.
1)Bajajhind,2)BHEL,
3)DCHL,
4)EIH,
5)GPIL(@ 183), 6)GUJNRECOKE,
7)HCC, 8)HDIL,
9)IRB(around 194),
10)JPAssociat, 11)JSWenergy, 12)Jubilant,
13)LT,
14)Mcdowell-n, 15)MLL,
16)NHPC,
17)ONGC,
18)Powergrid, 19)Punjlloyd,
20)Reliance,
21)SCI,
22)Thermax,
23)Yesbank.
Nifty support : 5460/5345
Nifty Resistance : 5550
Bank Nifty entry level 9800
Results today: Andhra Bank, Asahi Infra, Bajaj Steel, Birla Cap, BPCL, DB Realty, Dabur India, DLF, GVK Power, NTPC, IDFC, Tata Comm, KEC Intl, Gujarat Fluorochemical.
Govt appoints R Gopalan as economic affairs secretary
-R Gopalan to also hold additional charge of financial services
RS Sharma says:
-ONGC has categorical right of first refusal on Cairn blocks
-Did not make counter offer for Cairn as valuation unsuitable
-Very clear Cairn-Vedanta deal will be resolved shortly
Mindtree
-Ashok Soota resigns from MindTree’s board of directors
-Ashok Soota resigns as Executive Chairman/ member of board
-Siemens makes open offer to acquire 19.82% stake at Rs 930/sh (CMP Rs 727), promoters currently hold 55% stake, offer opens of March 25, closes on April 13
-ITC to setup Rs 3000 crore paper unit in Andhra Pradesh as part of plans to double capacity over the next five years (ET)
-Deepak Fertilizers plans to invest Rs 80-100 corre to setup a plant to manufacture customized fertilizers in the next 18-24 months (ET)
-Tata Power in negotiations to refinance close to USD 300 million of debt raised to buy assets of Indonesia’s PT Bumi Resources (ET)
-SAIL to setup 1000 MW power plant in Sultanpur Uttar Pradesh (ET)
-Nirma set to delist its shares at Rs 260/share currently holding 22.83% (ET)
-Dhanlaxmi Bank plans to raise Rs 1100 crore to improve its capital position ahead of the entry of new private banks (ET)
-HPCL plans lubricant blending facility after a new refinery at Ratnagiri coastal Maharashtra takes shape (BS)
-EPFO plans to invest in LIC Housing again (FE)
-JSW to setup downstream facility on the 700 acres of the land of BSAL has acquired the land for Rs 210 crore (FE)
-GTL Infra & VIOM networks eyeing to buy Vodafone Essar Ltd’s 7000 telecom towers (Mint)
-United Phosphorus set to restart its Ankleshwar unit in Gujarat which was closed down after Chinese companies started dumping phosphorus (DNA)
-Lupin plans to launch products in USA, Latin America, Australia and South Africa (DNA)
-Lupin in talks to buy 300 acres from Indiabulls near Nashik in SEZ for around Rs 300 crore (HT)
-Kingfisher gets a Rs 1644 crore debt relief through debt restructuring (BL)
-PharmAsia News says Zenotech gets USFDA nod for injectibles facility near Hyderabad.
-Simbhaoli Sugar allots 30 lakh shares at Rs 50/sh (CMP Rs 47) on preferential basis to non promoters
-Eros International & Ocher Studios to co-produce Rajnikanth's next movie RANA
-Renaissance Jewellery board approves issue of 20,00,000 convertible share warrants on preferential basis
-Kerala Ayurveda Ltd (also listed) & Tata Global Beverages Ltd & Kerala Ayurveda Limited sign MOU to form a Joint Venture for Product Development.
-Binani Industries proposes to acquire Composite Products, Inc, USA. Its company engaged in the manufacture of Composite Products, and acquisition through the merger of the Company's SPV, Binani Composites, USA with it.
-CEBBCO obtained Vendor approval from Wagon Directorate of RDSO, Ministry of Railways, for refurbishment work of BOXNR Wagons for the Indian Railway
-Emami Ltd: Emami Overseas FZE a step down WOS of company has acquired 90.59% (1926 shares) Share Capital of M/s. Pharma Derm S A E Co
-Persistent System: Ex dividend by Rs 3
F&O cues:
-Videocon in F&O ban
Total Nifty futures up Rs 217 crore, Options up Rs 11497 crore
Stock futures net add 66 lakh shares in Open Int
Nifty Fut OI net add 13 lakh shares in OI; Nifty futures premium at 25 points.
Nifty OI PCR unchanged at 1.31
Nifty Put add 1.1 crore shares, Call add 83 lakh shares in OI
Highest OI outstanding at 5400 Put, 5500 Put, 5800 call
Nifty 5400 Put adds 26 lakh shares in OI
Nifty 5600 Call adds 20.9 lakh shares in OI
Nifty 5200 Put adds 15.3 lakh shares in OI
Nifty 5100 Put adds 14.9 lakh shares in OI
Nifty 5700 Call adds 12.8 lakh shares in OI
Nifty 5300 Put adds 12.7 lakh shares in OI
Nifty 5500 Call adds 10.7 lakh shares in OI
Nifty 5000 Put adds 6.9 lakh shares in OI
FIIs in F&O on Jan 28
FIIs net sell Rs 321 crore in Index Futures; Open Int up by 29953 contracts
FIIs net buy Rs 3040 crore in Index Options; Open Int up by 221982 contracts
FIIs net sell Rs 412 crore in Stock Futures; Open Int up by 7193 contracts
FIIs Interest :
FIIs were net sellers to the tune of Rs 321 crore in Index Futures on Friday, which open interest (OI) was up by 29953 contracts. FIIs were net sellers of Rs 412 crore in Stock Futures; which OI was up by 7193 contracts.
FIIs were net buyers of Rs 3040 crore in Index Options; which OI was up by 221982 contracts.
Nifty 5400 Put added 26 lakh shares in Open Interest, Nifty 5200 Put added 15.3 lakh shares in Open Interest and Nifty 5100 Put added 14.9 lakh shares in Open Interest. Nifty 5600 Call added 20.9 lakh shares in Open Interest.
Fresh shorts & cash based selling were seen in RIL, DLF, M&M and IVRCL Infrastructure. RIL tumbled 3%; its OI was up by 6% and delivery volume declined at 39.5 lakh equity shares versus 41.5 lakh.
DLF went down 7%; its OI was up by 11% and delivery volume increased at 39.5 lakh shares versus 22.5 lakh. M&M lost 5%; its OI was up by 10% and delivery volume went up at 30 lakh shares versus 25.2 lakh.
IVRCL Infra tanked 8.5%; its OI was up by 15% and delivery volume increased to 28 lakh shares versus 20 lakh.
Short covering was seen in ONGC. The stock rose 2.5%; its OI was down by 6%.
Disclaimer :
This blog has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. This document is not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendation(s) 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 and/or its business associates and/or its directors and/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 (IFCL) 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. 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 do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.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. Similarly, 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 will not take any assurity about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.
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