8 Feb 2011 Morning Market Updates 09:09
Note : Follow Buy REcommendations
Nifty range 5353 & 5449
Buy Andhrabank Abv 144 sl 141 T 149
Buy Bhusanstl Abv 411 sl 402 T 436 P
Buy DLF Abv 247 sl 237 T 260 P
Buy Finantech sl 735
Buy HDIL Abv 147 sl 138 T 167 P
Buy JPAssociat Abv 87.5 sl 84 T 93 P
Buy PFC Abv 268 sl 263 T 288
Buy RECLtd Abv 264 sl 257 T 276
Buy Rolta Abv 143 sl 139 T 148
Buy Sintex sl 152 T 162
Sell HCLTech Bel 468 sl 481 T 461/452
Results today: Adani Power, Everonn, Finolex Cables, JHS Sevengaard, Jindal Hotels, Merck, Patni Computer, Power Grid Corp.
Tata Steel fund raising plans - Sources
-Plans to raise USD 500 million by issuing bonds, preferably perpetual bonds
-May launch the issue by mid 2011
-Plans not to dilute the promoter’s stake further
-Tata Steel promoter stake currently at 30.08%
-Perpetual bonds are treated as equity capital; will not dilute promoter’s shareholding.
-To raise money from international market with interest rate of approximately 9%
ITI
-Expect Rs 2500 cr order from BSNL, MTNL soon
-Govt to decide on Rs 350 crore aid
-Expect additional Rs 180 cr aid by March 31
Wipro
-Realigned organizational structure for company
-Industries consolidated under 6 value chains
-Client delivery, sales, profitability aligned with SBU’s
Avantha Power -
-Avantha Power IPO postponed to Q4 FY12
-Market conditions not conducive for IPO
-Finance tied up for Chhattisgarh, MP Power Projects
-APIL aims to raise Rs 1,250 crore through IPO
-APIL has existing thermal capacity of 191 MW
-APIL to have total installed capacity of 3911 MW by 2013
-Reliance may be forced to accept the USD 3.2 billion Chevron-Atlas deal despite concerns (ET)
-ONGC: Ex-bonus 1:1 and Ex-split 2:1
-Zee Entertainment to mull share buyback on Friday
-Spice Jet clarification to exchanges: Reports saying Spicejet purchase by Kalanithi Maran under CBI scam" is totally false, malicious, motivated, preposterous and per-se defamatory.
-Moser Baer Technologies and Universal Display Corporation announces Technology & Licensing Agreement for Energy - Efficient White Oled Lighting
-NTPC production set to fall 7% as wagon derailment hits coal supply to its Kahalgaon Thermal power station in Bihar (ET)
-SAIL is forming an equal equity JV with Japan’s fourth largest steel firm Kobe Steel to setup a Rs 1500 crore plant at Durgapur having a capacity of 0.5mt (ET)
-CBI investigating the funding & transactions of Datacom services now Videocon Mobile which was awarded a 2G telecom license in January-08 (BS)
-Karur Vysya Bank got an approval from its board for the proposed Rs 450 crore rights issue (BS)
-L&T Finance may come out with an IPO during the current fiscal to raise Rs 1500 crore (FE)
-FDC announced the buyback of its equity shares upto a maximum of 37 lakh shares & a minimum of 9.2 lakh shares at a max price upto Rs 135/sh (FE)
-Fortis Healthcare plans to invest Rs 1000 crore for adding 12 new hospitals across the country this year (BL)
-Godrej Consumer (GCPL) hikes soap prices by 3-5% (TOI)
-Kingfisher and Orchid Chemical entered into F&O ban
-JSW Steel has deferred the open offer for picking an additional stake of 20% in Ispat Industries (BS)
-CAG probes Isro’s 70 MHz gift to firm valuing Rs 1000 crore (TOI)
-Listing of equity shares of Sentinel Tea and Exports Limited pursuant to scheme of arrangement on February 09
SEBI says:
-To make ASBA mandatory for non-retail investors from May 1
-Made recommendations to MCA for amendments in companies act
-Companies Act amendment needed to protect minority shareholder
-No voting right for board members in case of conflict of interest
-Registration of intermediaries to be made on permanent basis
-To make renewal process simpler for market intermediaries
-Did not discuss new takeover code in board meet
-Takeover code not considered as govt sought more time
-Did not consider jalan report in today's board meet
-Black money case to be decided by tax department
-Against interested party voting in resolution at co AGM
-Currency derivatives segment to have self-clearing members
-Initial registration for market intermediaries only for 5 yrs
-Forex F&O self-clearing members need Rs 5 crore net worth
-Environment Ministry bans packaging of food plastic carry bags
-Environment Ministry bans plastic sachets for pan masala packaging
F&O cues:
Total Nifty futures up Rs 514 crore, Options up Rs 2116 crore
Stock futures net add 2.6 cr shares in Open Int
Nifty Fut Open Int shed 1.5 lakh shares in Open Int; Nifty futures discount at 2 pts versus discount of 9 pts
Nifty Open Int PCR up at 1.15 versus 1.12
Nifty Put add 29.3 lakh shares, Call add 7 lakh shares in Open Int
Highest Open Int outstanding at 5400 Put, 5500 call, 5700 call
Nifty 5100 Put adds 14 lakh shares (45%) in Open Int; prem down from 29 to 23
Nifty 5300 Put add 9 lakh shares (18%) in Open Int, prem down from 71 to 66
Nifty 5700 Call add 3.9 lakh shares (6%) in Open Int, prem down from 15 to 12.5
Nifty 5400 Call add 3.7 lakh shares (7%) in Open Int, prem down from 100 to 93.5
Nifty 5000 Put add 3.16 lakh shares (13%) in Open Int
Nifty 5500 Put shed 5.7 lakh shares (12%) in Open Int
Nifty 5600 Call shed 2.9 lakh shares (5%) in Open Int
FIIs in F&O on Feb 07
FIIs net buy Rs 132 crore in Index Futures; Open Int up by 7599 contracts
FIIs net buy Rs 65.2 crore in Index Options; Open Int up by 3684 contracts
FIIs net buy Rs 315 crore in Index Options; Open Int up by 14701 contracts
Disclaimer about our recommendations :
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 except recommendations. 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 their risk tolerance capacity as well as also re-verify 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.
Note : Follow Buy REcommendations
Nifty range 5353 & 5449
Buy Andhrabank Abv 144 sl 141 T 149
Buy Bhusanstl Abv 411 sl 402 T 436 P
Buy DLF Abv 247 sl 237 T 260 P
Buy Finantech sl 735
Buy HDIL Abv 147 sl 138 T 167 P
Buy JPAssociat Abv 87.5 sl 84 T 93 P
Buy PFC Abv 268 sl 263 T 288
Buy RECLtd Abv 264 sl 257 T 276
Buy Rolta Abv 143 sl 139 T 148
Buy Sintex sl 152 T 162
Sell HCLTech Bel 468 sl 481 T 461/452
Results today: Adani Power, Everonn, Finolex Cables, JHS Sevengaard, Jindal Hotels, Merck, Patni Computer, Power Grid Corp.
Tata Steel fund raising plans - Sources
-Plans to raise USD 500 million by issuing bonds, preferably perpetual bonds
-May launch the issue by mid 2011
-Plans not to dilute the promoter’s stake further
-Tata Steel promoter stake currently at 30.08%
-Perpetual bonds are treated as equity capital; will not dilute promoter’s shareholding.
-To raise money from international market with interest rate of approximately 9%
ITI
-Expect Rs 2500 cr order from BSNL, MTNL soon
-Govt to decide on Rs 350 crore aid
-Expect additional Rs 180 cr aid by March 31
Wipro
-Realigned organizational structure for company
-Industries consolidated under 6 value chains
-Client delivery, sales, profitability aligned with SBU’s
Avantha Power -
-Avantha Power IPO postponed to Q4 FY12
-Market conditions not conducive for IPO
-Finance tied up for Chhattisgarh, MP Power Projects
-APIL aims to raise Rs 1,250 crore through IPO
-APIL has existing thermal capacity of 191 MW
-APIL to have total installed capacity of 3911 MW by 2013
-Reliance may be forced to accept the USD 3.2 billion Chevron-Atlas deal despite concerns (ET)
-ONGC: Ex-bonus 1:1 and Ex-split 2:1
-Zee Entertainment to mull share buyback on Friday
-Spice Jet clarification to exchanges: Reports saying Spicejet purchase by Kalanithi Maran under CBI scam" is totally false, malicious, motivated, preposterous and per-se defamatory.
-Moser Baer Technologies and Universal Display Corporation announces Technology & Licensing Agreement for Energy - Efficient White Oled Lighting
-NTPC production set to fall 7% as wagon derailment hits coal supply to its Kahalgaon Thermal power station in Bihar (ET)
-SAIL is forming an equal equity JV with Japan’s fourth largest steel firm Kobe Steel to setup a Rs 1500 crore plant at Durgapur having a capacity of 0.5mt (ET)
-CBI investigating the funding & transactions of Datacom services now Videocon Mobile which was awarded a 2G telecom license in January-08 (BS)
-Karur Vysya Bank got an approval from its board for the proposed Rs 450 crore rights issue (BS)
-L&T Finance may come out with an IPO during the current fiscal to raise Rs 1500 crore (FE)
-FDC announced the buyback of its equity shares upto a maximum of 37 lakh shares & a minimum of 9.2 lakh shares at a max price upto Rs 135/sh (FE)
-Fortis Healthcare plans to invest Rs 1000 crore for adding 12 new hospitals across the country this year (BL)
-Godrej Consumer (GCPL) hikes soap prices by 3-5% (TOI)
-Kingfisher and Orchid Chemical entered into F&O ban
-JSW Steel has deferred the open offer for picking an additional stake of 20% in Ispat Industries (BS)
-CAG probes Isro’s 70 MHz gift to firm valuing Rs 1000 crore (TOI)
-Listing of equity shares of Sentinel Tea and Exports Limited pursuant to scheme of arrangement on February 09
SEBI says:
-To make ASBA mandatory for non-retail investors from May 1
-Made recommendations to MCA for amendments in companies act
-Companies Act amendment needed to protect minority shareholder
-No voting right for board members in case of conflict of interest
-Registration of intermediaries to be made on permanent basis
-To make renewal process simpler for market intermediaries
-Did not discuss new takeover code in board meet
-Takeover code not considered as govt sought more time
-Did not consider jalan report in today's board meet
-Black money case to be decided by tax department
-Against interested party voting in resolution at co AGM
-Currency derivatives segment to have self-clearing members
-Initial registration for market intermediaries only for 5 yrs
-Forex F&O self-clearing members need Rs 5 crore net worth
-Environment Ministry bans packaging of food plastic carry bags
-Environment Ministry bans plastic sachets for pan masala packaging
F&O cues:
Total Nifty futures up Rs 514 crore, Options up Rs 2116 crore
Stock futures net add 2.6 cr shares in Open Int
Nifty Fut Open Int shed 1.5 lakh shares in Open Int; Nifty futures discount at 2 pts versus discount of 9 pts
Nifty Open Int PCR up at 1.15 versus 1.12
Nifty Put add 29.3 lakh shares, Call add 7 lakh shares in Open Int
Highest Open Int outstanding at 5400 Put, 5500 call, 5700 call
Nifty 5100 Put adds 14 lakh shares (45%) in Open Int; prem down from 29 to 23
Nifty 5300 Put add 9 lakh shares (18%) in Open Int, prem down from 71 to 66
Nifty 5700 Call add 3.9 lakh shares (6%) in Open Int, prem down from 15 to 12.5
Nifty 5400 Call add 3.7 lakh shares (7%) in Open Int, prem down from 100 to 93.5
Nifty 5000 Put add 3.16 lakh shares (13%) in Open Int
Nifty 5500 Put shed 5.7 lakh shares (12%) in Open Int
Nifty 5600 Call shed 2.9 lakh shares (5%) in Open Int
FIIs in F&O on Feb 07
FIIs net buy Rs 132 crore in Index Futures; Open Int up by 7599 contracts
FIIs net buy Rs 65.2 crore in Index Options; Open Int up by 3684 contracts
FIIs net buy Rs 315 crore in Index Options; Open Int up by 14701 contracts
Disclaimer about our recommendations :
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 except recommendations. 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 their risk tolerance capacity as well as also re-verify 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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