17 Sept 2010 Recommendations

17 Sept 2010 Morning Market Updates  08:50

Daily Recommendations :

Buy	Cairn				sl	333	T	341
Buy	Herohonda		Abv	1751	sl	1743	T	1785
Buy	Sesagoa		Abv	331	sl	324	T	339
Buy	Aptecht				sl	154	T	160
Buy	Apil				sl	770	T	781
Sell	Bhel		Bel	2449	sl	2459	T	2436
Sell	Gail				sl	474	T	462
Sell	Infosystch		Bel	2959	sl	2973	T	2938
Hold Short	Jindalstel				sl	702	T	688
Sell	Ranbaxy		Bel	501	sl	506	T	492
Sell	Tatamotors		Bel	1018	sl	1029	T	988	P
Sell	Bajaj-auto		Bel	1436	sl	1444	T	1424
Hold Short	Cumminsind	Ref.16/09			sl	732	T	718
Sell	Federalbnk				sl	370	T	359
Sell	Glaxo		Bel	1908	sl	1918	T	1897
Sell	JSWSteel		Bel	1183	sl	1192	T	1170
Sell	Mphasis		Bel	637	sl	645	T	628
Sell	Unionbank		Bel	365	sl	371	T	355
Hold Short	Tulip	Ref.16/09			sl	174	T	170
Sell	Renuka				sl	78	T	74

Stocks in News :

Ispat says
-Stemcor to acquire up to 10% in company via pref allotment
-Stemcor to help set up coke oven, pellet, power units
-Stemcor to provide about USD 75 million working capital to company
-Pricing and other terms investment still to be finalised
CNBC-TV18 Alert: Stemcor is world’s largest independent steel trader

Commercial vehicle makers - CNBC-TV18 exclusive
-Commercial vehicle makers to hike prices starting October: Srcs
-Price hike to be in the range of 2-3 % across models: Srcs
-Price hike on account of Euro 3 norms kicking in across country
-Tata Motors, Ashok Leyland & M&M to see a price hike

Ratan Tata Says
-FY11 will be important year for Tata Group
-Will be acquiring companies in steel, power, auto
-To look at aviation once sector picks up
-Tata Group will keep raising capital to fuel growth

Eros International Media IPO
-IPO opens today, issue of Rs 350 crore at price band of Rs 158-175/share
-Raises Rs 63 crore from anchor investors at Rs 175: Sources
-Anchor book was subscribed over 10 times: Sources
-Reliance MF, Blackstone, IDFC, Indus, Lloyd George, India capital participated: Sources

IPOs
-Microsec Fin Svcs IPO opens today, issue of 1.25 cr shares at price band of Rs 113-118/sh
-Tirupati Inks IPO closes today, subscribed 1.1x till now

ArcelorMittal says: Agencies
-Have revised India strategy
-Plan smaller steps with modular sites in India
-First domestic production expected in India by 2013

Power Ministry - Sources
-Power Ministry likely to send cabinet note on duty on power equipment in 10 days
-Power Ministry likely to send note if Finance Ministry doesn’t reply within 10 days
-DEA and revenue department yet to send comments on draft cabinet note
-Power Ministry has sent reminders to Finance Ministry
Alert: Draft cabinet note proposes to levy 19% duty on equipment
Alert: Move to affect Reliance Power, Tata Power, Adani Power

Q2 Advance tax: From Sources
-Bharti Airtel pays Rs 320 crore versus Rs 484 crore (YoY)
-Unitech pays Rs 30 crore versus Rs 5 crore (YoY)
-DLF pays Rs 30 crore versus Rs 20 crore (YoY)
-Maruti pays Rs 272 crore versus Rs 265 crore (YoY)
-Hero Honda pays Rs 156 crore versus Rs 136 crore (YoY)
-GAIL pays Rs 450 crore versus Rs 550 crore (YoY)
-NTPC pays Rs 500 crore versus Rs 600 crore (YoY)
-BHEL pays Rs 700 crore versus Rs 740 crore (YoY)
-Indiabulls Financial Services pays Rs 25 crore versus Nil (YoY)
-PNB pays Rs 657 crore versus Rs 420 crore (YoY)

Other stocks and sectors that are in news today:
-Cairn’s minority shareholders may get better deal; independent directors’ panel member says lower price to shareholders not good corporate governance practice
-Cabinet approves option trading in commodities
-Ex-dividend: DLF (Rs 2)
-Pantaloon Retail goes ex scheme of arrangement today - Transfer and vesting of product and format Brands pertaining to the Value Retail Business from Pantaloon into Future Value Retail

F&O Cues : 

F&O cues:

Futures Open Int down Rs 147 crore

Options Open Int up Rs 1577 crore

Nifty Sep Futures add 6 lakh shares in Open Int

Nifty Sep Futures at 13-point premium

Nifty Oct Futures add 6 lakh shares in Open Int

Nifty Oct Futures at 26-point premium

Nifty Sep 6000 Call adds 8 lakh shares in Open Int

Nifty Sep 6100 Call adds 6 lakh shares in Open Int

Nifty Sep 5700 Call sheds 8 lakh shares in Open Int

Stock Futures add 0.4 crore shares in Open Int

FIIs in F&O on September 16

Net sell Rs 647 crore in Nifty futures

Nifty futures Open Int up 46,612 contracts

Net sell Rs 1,035 crore in Nifty options

Nifty options Open Int up 41,701 contracts

Net sell Rs 853 crore in StoCk futures

Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, its directors 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 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 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. 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.

 

16 Sept 2010 Closing Market Updates

16 Sept 2010 Closing Market Updates  15:31


A volatile session ended with negative ground first time after 3rd Sept. Nifty ended at 5831.30 with 29.65 points dip whereas Sensex ended with 66.92 points down at 19435.19. 
Among BSE Sectoral indices,Realty index gained the most with 1.22% while IT index dipped the most by 2.29%
In Nifty50 stocks, Suzlon gained the most with 2.90% and ended at 53.15 whereas IT major Infosys plunged the most by 2.98% and ended at 2961.90
SBI was the turnover topper by valuations whereas Suzlon by the number of trades.
Market breadth was negative as 988 stocks declined and 366 stocks gained today on NSE.

Today,The Reserve Bank of India (RBI) raised interest rates more aggressively than expected on Thursday, keeping up its fight against inflation that is slowly easing but still well above its comfort level.
The Reserve Bank of India of India lifted the repo rate, at which it lends to banks, by 25 basis points to 6 percent and raised the reverse repo rate, used to absorb excess cash, by 50 basis points to 5 percent.


Similarly, India's food price index rose 15.10 percent while the fuel price index climbed 11.48 percent, in the year to Sept. 4, under a new series with different base year, components and weightings, government data on Thursday showed.In the prior week, food inflation as measured by the old series with 1993-94 as base year, stood at 11.47 percent on the year while fuel inflation was at an annual 12.71 percent. These figures are not comparable with the latest data release. The primary articles index was up 16.22 percent in the latest week. It rose 15.40 percent in the previous week.India's food price index rose 15.10 percent while the fuel price index climbed 11.48 percent, in the year to Sept. 4, under a new series with different base year, components and weightings, government data on Thursday showed.








In the prior week, food inflation as measured by the old series with 1993-94 as base year, stood at 11.47 percent on the year while fuel inflation was at an annual 12.71 percent. These figures are not comparable with the latest data release. The primary articles index was up 16.22 percent in the latest week. It rose 15.40 percent in the previous week.

16 Sept 2010 Recommendations

16 Sept 2010 Morning Market Updates  08:59

Recommendations :
FYI
Today's Recommendations
Note : Follow Buy Calls in Positive market bias & v.v
Buy:
Cairn Abv 334 sl 330 T 340
Herohonda Abv 1753 sl 1742 T 1775 P
ITC Abv    168 sl 165 T 174 P
Powergrid sl 106 T 108.5
Rcom Abv 166 sl 162 T 172
Relcapital Abv 826 cl sl 818 T 836
Siemens Abv 766 sl 757 T 788/804 P
GMRInfra Abv 60 sl 58 T 64 P
LICHSGFIN sl 1262 T 1298/1308 P
OFSS sl 2240 T 2276
Patni Abv 471 sl 433 T 523 P

Sell:
Aban Bel 822 sl 828 T 815
Acc sl 965 T 947
Jindalstel Bel 702 sl 709 T 695
ONGC Bel 1395 sl 1406 T 1383
Tatamotors Bel 1017 sl 1031 T 987
Crompgreav Bel 303 sl 307 T 298
Cumminsind Bel 730 sl 737 T 718
Videoind Bel 263 sl 266 T 257
Jindalswhl sl 1767 T 1753
Tulip Bel 174 sl 176 T 170
Orbitcorp Bel 125 sl 126.5 T 122

Stocks in News :

IndusInd Bank - CNBC-TV18 Exclusive: Sources
-IndusInd Bank QIP launched; to raise USD 215-250 million
-IndusInd Bank QIP priced at Rs 234/share
-JM Financial, IDFC, MS, UBS, BNP Paribas lead bankers to issue

Hotel Leela succession plans
-Vivek Nair to take over as chairman, Leela Hotels
-Vivek Nair is currently MD & vice chairman, Leela Hotels
-Dinesh Nair to take over as vice chairman,Leela Hotels

Telecom
-Bharti  adds 2 million GSM mobile users in August versus 2.6 million (MoM)
-Vodafone adds 2.3 million GSM mobile users in August versus 2.4 million (MoM)
-Uninor adds 2.22 million GSM mobile users in August versus 8.5 lakh (MoM)
-Idea adds 1.99 million GSM mobile users in August versus 1.86 million (MoM)
-MTNL adds 41,608 GSM mobile users in August versus 45,558 (MoM)

Religare
-Religare enters Sri Lankan market by acquiring Bartleet
-Religare to buy 50% stake in Bartleet Securities

Astrazeneca
-Signs outlicensing deal with Intas Pharma
Alert : Intas Pharma is an Ahm based co
-Intas to supply oncology products in emerging markets
-Financial terms of the deal not disclosed
-Astrazeneca recently signed another deal with Aurobindo Pharma

IPOs
-Ramky Infra IPO opens on September 21, closes on September 23
-Orient Green Power Co IPO opens on September 21, closes on September 24
-Electrosteel Steels IPO opens on September 21, closes on September 24
-Indosolar IPO subscribed 1.55x at closing; QIBs: 1.44x, NIIs: 1.3x and Retail: 1.81x

Career Point Info
-IPO opens today, closes on September 21
-Price band: Rs 295-310, issue size Rs 115 crore
-Raised Rs 20.3 crore @ Rs 310 from anchor investors from Goldman Sachs, Sundaram BNP Paribas, Citigroup, Alden Global, DSPBR, Birla Sunlife, Axis MF
(Eros, Miscrosec IPOs open tomorrow)

-Oil PSUs to up ATF prices by average of Rs 699/kL today
-HUL puts prime industrial land in Navi Mumbai on block
-RBI likely to express reservations in giving Jet Airways approval to raise funds via ECB – BS
-Lanco Infra gives power equipment order to China’s Harbin at price of Rs 68.3 lakh/MW (Its 1/4th of prevailing price of Rs 2.5cr/MW) – DNA
-Prakash Ind to submit new mining plan for its Chotia coal block – DNA
-S Kumars: raises USD 50 million via QIP, board had passed enabling resolution to raise upto USD 100 million
-JBF Ind: to file documents for QIP soon
-Bharti Airtel to sell African tower to Bharti Infratel – ET
-SBI in talks with RBI for holding co, says Bhatt – ET
-Cairn India sets up panel to protect minority shareholders – ET
-Mudra Lifestyle in talks with Korean Co E-Land group for stake sale – ET
-Ispat arm to set up Rs 300 crore plant – ET
-Reliance Broadcast acquires Line V of DMRC for a 5 year period, corners 40% market share of Delhi Metro OOH Inventory with Line V acquisition
-Vijay Shanthi Builders ventured in to a MoU for Rs. 70 crore project at Chennai.

F&O Cues :

INDEX MOST ACTIVE CALLS			Underlying Index : 5,860.95
Index	Expiry Date	Strike Price	Volume		Current Premium	% Change	Open Interest
			No. of Contracts	Quantity
NIFTY	30-Sep-10	5900	391201	-	59	1.25	3554900
NIFTY	30-Sep-10	5800	347091	-	116.15	2.85	5419550
NIFTY	30-Sep-10	6000	242864	-	22.65	-0.35	2939850
NIFTY	30-Sep-10	5700	83376	4168800	193.75	2.75	6686450
NIFTY	30-Sep-10	6100	78558	3927900	9.55	0.15	1153750
NIFTY	28-Oct-10	6000	51473	2573650	75.95	1.55	2301200
NIFTY	28-Oct-10	5900	48921	2446050	120	1.7	4352000
NIFTY	30-Sep-10	5600	39098	1954900	282.1	1.65	4499000
NIFTY	28-Oct-10	5800	38807	1940350	176	2.6	3965700
NIFTY	28-Oct-10	6100	26510	1325500	45	1.8	851000
Index	Expiry Date	Strike Price	Volume		Current Premium	% Change	Open Interest
			No. of Contracts	Quantity
NIFTY	30-Sep-10	5800	327259	-	56.9	0.6	6195650
NIFTY	30-Sep-10	5700	262966	-	34	0.35	6717250
NIFTY	30-Sep-10	5600	177476	8873800	21.5	0.55	8770950
NIFTY	30-Sep-10	5900	139639	6981950	97.5	-0.85	2573500
NIFTY	30-Sep-10	5500	96602	4830100	15	0.5	9851750
NIFTY	30-Sep-10	5400	96275	4813750	10.6	0.05	11916650
NIFTY	28-Oct-10	5600	48839	2441950	53	2.05	2153000
NIFTY	28-Oct-10	5700	38253	1912650	75	0.8	1522450
NIFTY	30-Sep-10	5300	34600	1730000	7.5	0.05	7890100
NIFTY	28-Oct-10	5500	34409	1720450	37.65	1.1	2228550
FII trading activity on NSE and BSE on Capital Market Segment
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
FII	15-Sep-10	4892.72	2677.73	2214.99
Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	15-Sep-10	1209.6	2119.56	-909.96