22 Nov 2010 Closing Market Updates

22 Nov 2010 Closing Market Updates  15:30

As expected, Indian markets bounced back today after beaten on last two sessions consecutively.Also supported by European markets as they are trading positively.
Nifty ended above 6000 mark at 6009.25 and Sensex ended at 19956.56. Nifty gained 118.5 points and Sensex gained 371.12 points.
All round buying seen in the market today and as a result, all BSE Sectoral indices ended in green.Bankex was the top gainer sector with 2.70% rise followed by Consumer Durables, IT and Teck gained by 2.57%, 2.37% and 2.02%.
In Nifty50 stocks, IDFC gained the most 4.71% and ended at 193.5 whereas Powergrid was the top loser which ended at 101.15 falling 0.74%
SBI was the turnover topper by turnover value and SEL Manufacturing Company was the top traded stock on NSE today.
On NSE, 951 stocks gained and 430 stocks declined today.

Major Global Indices :

Hang Seng : -81.69
Nikkei : +92.80
FTSE : +27.28
CAC : +13.55
DAX : +32.96
Dow Futures : +36.00
Nasdaq Futures : +12

22 Nov 2010 Morning Market Updates

22 Nov 2010 Morning Market Updates  09:08

Triveni Engg Q4


-Sales at Rs 587.4 crore versus Rs 553.5 crore

-PAT at Rs 17.2 crore versus Rs 68.2 crore
Other stocks and sectors that are in news today:


-Burnpur Cement – Board meet today to consider fund raising

-Suryachakra Power – Board meet today to consider the proposal to acquire Power Project Companies by way of merger + NSE listing

-Mexico’s Cemex close to buying Murli Cement for USD 550 million – ET (its listed Murli Ind sub)

-Govt backs ONCG claim but won't let company bid for Cairn – ET

-SEBI asks MFs to simplify new fund offers – ET

-CCI fines Kingfisher Rs 1 crore for not providing facts during probe – PTI

-SPICE Mobility to mop up Rs 700 crore, company to raise funds via sale of 3.5 crore treasury shares – ET

-Bankers jittery over exposure to telecom – BS

-Sun Pharma has been stopped from launching the generic version of a schizophrenia drug that has generated revenues of USD 4 billion in US in 2009 – BS

-Steel co to form consortium to acquire assets abroad – BS

-Emami eyes one more buyout in Africa – BS

-India Oil, Nalco to get upto 49% in ventures with Nuclear Power – BL

-JSW Energy looking to raise Rs 2400 crore through bond issue – DNA

-Fertilizer ministry turns down proposal to free urea prices – Mint

-Dr Reddy's Labs (DRL) announces the launch of Zafirlukast Tablets'

-Altas Copco - delisting floor price at Rs 1426/share (CMP Rs 1835)

-Sasken Comm - buyback at Rs 260; maximum offer size at 10% of equity

FIIs were net buyers to the tune of Rs 734 crore in the F&O market. Stock futures shed 3.3 crore shares in Open Interest (OI) on Friday; stock futures shed 4 crore a day earlier. Futures Open Interest was down by Rs 1,625 crore while Options Open Interest up by Rs 2.312 crore. Nifty Open Interest PCR was down at 1 from 1.06. Nifty November 5900 call added 24.5 lakh shares in Open Interest while Nifty December 5600 Put added 8.3 lakh shares in Open Interest.




Delivery based selling was seen in RIL. The stock tanked 4% and its OI was up 5 lakh shares.



Short covering was seen in Idea Cellular. The stock rose 5.2% and its OI was down 7%. Delivery volume declined at 17.7 lakh shares versus 43.5 lakh shares.



Fresh shorts were seen in SCI. The stock tumbled 7.8% and OI was up 17%.



Unwinding was seen in Bata and Syndicate Bank on speculative buildup. Bata India plunged 6.8% and its OI was down 14%. Syndicate Bank slipped 7.3% and its OI was down 6%.

F&O cues:




Futures Open Int down Rs 1,625 crore

Options Open Int up Rs 2.312 crore




Nifty futures add 6.5 lk shrs in Open Int



Nifty Open Int PCR down at 1 versus 1.06



Nifty Puts shed 10 lk shrs in Open Int



Calls add 50 lk shrs in Open Int



Highest Open Int O/S at 6300, 6200 Call & 5900 Put



Nifty Nov 5900 Call adds 24.5 lk shrs in Open Int



Nifty Nov 6000 Call adds 11.8 lk shrs in Open Int



Nifty Dec 5600 Put adds 8.3 lk shrs in Open Int



Nifty Nov 6100 adds 7.1 lk shrs in Open Int



Nifty Dec 5400 Put adds 6 lk shrs in Open Int



Nifty Nov 6000 Put sheds 16.3 lk shrs in Open Int
Nifty Nov 6100 Put sheds 8.6 lk shrs in Open Int
Nifty Nov 5900 Put sheds 5.5 lk shrs in Open Int
FIIs in F&O on November 19
FIIs net buy Rs 3.5 crore in Index Futures
FIIs net buy Rs 479 crore in Index Options

19Nov 2010 Closing Market Updates

19Nov 2010 Closing Market Updates  15:30

Reliance cluster was the cause in the fall of today's market.Nifty ended at 5880.50 after making intraday low of 5863.95 with 118.3 points down and Sensex tumbled 376.11 points to end at 19554.53. Indian markets didnt sustain even after smart recovery in Asian markets.Hang Seng recovered almost 353 points from its day low of 23252.33 to close at 23605
Nifty collapsed nearly 241 points in just last 3 sessions. Further, even foreign portfolio investment in Indian equities has been subdued over last few sessions, displaying a cautious stance alongside global cues after jitters caused by Ireland's debt problems. Weakness also seems to be coming in from Telecom stocks that have cracked under pressure following a 2G spectrum allocation scandal.
All BSE Sectoral Indices ended in negative.Realty was the top hitter by 3.96% fall followed by Oil&Gas(2.71), Consumer Durables(2.59), Metal(2.49), IT(2.27),Power(2.15) and PSU(2.01). Heavy weights like Reliance Industries, Relinfra,Relcapital, Hindalco, Rcom, Wipro and DLF were the big losers in the indices.
In Nifty50 stocks, Herohonda gained the most by 1.18% and ended at 1936 and Relinfra ended at 946 which was the top loser with 5.43% fall.
Coal India was the turnover topper by traded value as Six block deals aggregating to 671,567 shares of Coal India were witnessed Friday on National Stock Exchange at Rs 338.13 a share. Total value of the deals was Rs 227.1 million.
Advance Decline ratio was worst as 1186 stocks declined and 210 stocks gained today on NSE.Ratio was 5.65 : 1


Major Global Indices :

Hang Seng : -31.68
Nikkei : -8.76
FTSE : -44.08
CAC : -7.42
DAX : -0.31
Dow Futures : -27.00
Nasdaq Futures : -6.75

19 Nov 2010 Daily Recommendations

19 Nov 2010 Morning Market Updates  09:07
Note : Follow Buy Calls in Positive market bias & v.v.
As it seems to high volatility in the market, book profits and cut losses as per your apetite. Follow stops strictly.

Spot Nifty support at 5960/5880 ; Resistance 6070

Buy Acc Fut Abv 1067 sl 1059 T 1084
Buy Auropharma sl 1260 T 1296
Buy Bhel sl 2306 T 2334/2342
Buy BPCL sl 725 T 745/752
Buy Cumminsind sl 769 T 780/784
Buy Divislab sl 681 T 700
Buy DLF sl 316 T 342
Buy HDIL sl 238 T 245
Buy IDFC sl 136 T 194
Buy Ranbaxy sl 571 T 588
Sell ICSA sl 145 T 136
Sell M&M Bel 774 sl 784 T 763

Stocks that are in news today:

Results Today: Triveni Engineering
RPP Infra IPO (on day 1)

Total subscription at 0.48 times (X)
QIB at 0X, HNI at 1.46X, Retail at 0.8X
Shipping Corp FPO to open November 30, close December 3
TRAI calls for cancelling 69 new telecom licenses
TRAI writes to DoT; seeks action against telcos
TRAI reviews network rollout of 127 new licenses
150 MHz of GSM & CDMA spectrum to be freed up
TRAI says
Cancel 20 licenses of Loop Telecom
Cancel 15 licenses of Etisalat DB
Cancel 11 licenses of Sistema
Cancel 10 licenses of Videocon
Cancel 8 licenses of Uninor
Cancel 5 licenses of Aircel
Many new telcos failed to roll out
Levy fine, withdraw spectrum
122 of 127 new licenses must be fined
Problems in rollout by new telcos widespread
From Govt sources
TRAI finds some new telcos overstating subscribers
Uninor says
Not received info from TRAI on telecom licenses
Therefore we cannot comment on this matter
However Uninor has launched services across India
We have 13.7 million customers
We are a real operator offering new alternatives to consumers
Alert: Uninor on TRAI’s recco of canceling 8 of its licenses
Sistema Shyam says:
Complied with mobile services rollout rule
Rolled out mobile phone services in all 22 circles
Govt constitutes panel on infra financing
Panel to be headed by former RBI Dy Governor Rakesh Mohan
Panel to access investment needs in 10 infra sectors
Panel to identify financing needs in infra sectors
CNBC-TV18 ALERT: Infra investments in 12th plan estimated at USD 1 trillion
Panel to recommend ways to use cap markets for infra finance
Panel to study role of foreign cap flows in infra financing
Panel to identify regulatory impediments to infra financing
Other stocks and sectors that are in news today:
Securities in F&O ban: Aban Offshore, Core Projects, Ispat Industries, Power Grid
Banks agree to resume MFI lending, but have asked them to be extremely cautious to prevent slippages
Sical Logistics: Open offer by Tanglin to acquire 20% at Rs 79.5 from January 08 – January 27

F&O cues:

Total Futures Open Int up Rs 353 crore, Total Options Open Int up by Rs 247 crore
Stock Futures net add 3.56 crore shares in Open Int
Nifty futures shed 10.5 lakh shares in Nov, add 9.3 lakh shares in Dec
Nifty prem surge to 33.6 pts from 6 pts
Nifty Open Int PCR up from 1.05 to 1.08
Nifty Puts add 12.3 shares, Calls shed 7 lakh shares in Open Int
Nifty Nov 6000 put shed 12.7 lakh shares in Open Int
Nifty Nov 6100 Put shed 8.8 lakh shares in Open Int
Nifty Nov 6500 Call shed 5.7 lakh shares in Open Int
Nifty Nov 6300 Call shed 4.6 lakh shares in Open Int
Nifty Dec 5700 Put add 10.4 lakh shares in Open Int
Nifty Nov 5900 Put add 8.1 lakh shares in Open Int
Nifty Nov 5900 Call add 4.8 lakh shares in Open Int
FIIs in F&O on November 18
Net sell Rs 940 crore in Nifty Futures
Nifty Futures Open Int up 28837 contracts
Net sell Rs 947 crore in Nifty Options
Nifty Options Open Int down 42392 contracts
Net buy Rs 363 crore in Stock Futures
Stock Futures Open Int up 9232 contracts

Market cues:

Hopes that Ireland will accept financial aid
Soft commodities up 3.7%
Precious metals up 3.4%
March Sugar Futures rallied 6.4%
NSE F&O Open Int was up by Rs 599 crore at rs 1.70 lakh crore
As per provisional data of November 18, FIIs were net sellers of Rs 452.7 crore; DIIs were net buyers of Rs 118.4 crore in cash markets. FIIs were net sellers of Rs 1557 crore in F&O.

US Markets:
US stocks ended little changed on Wednesday as indexes were unable to overcome recent losses as banks wilted on worries about Federal Reserve regulation of the sector.

The Dow Jones industrial average was down 15.47 points, or 0.14%, at 11,008.03, according to the latest available figures. The Standard & Poor's 500 Index was up 0.27 point, or 0.02%, at 1,178.61. The Nasdaq Composite Index was up 6.17 points, or 0.25%, at 2,476.01.


Disclaimer :

Daily blogs have 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.

18 Nov 2010 Closing Market Updates

18 Nov 2010 Closing Market Updates  15:30

A volatile session ended in positive as Hang Seng gained 422.93 and Nikkei gained 201.97 points or 1.82% and 2.06% respectively. Chinese and Hong Kong stocks rebounded after Beijing’s announced inflation-cooling measures proved less harsh than expected, while Japanese stocks ended at a four-month high as the yen’s decline against the euro spurred buying interest. European stocks rallied on expectations that Ireland will soon accept a bailout package from the European Union and International Monetary Fund, as shares of SABMiller and Air France-KLM surged after strong results.
Nifty ended at 6001.15 with gain of 12.45 points whereas Sensex ended at 19940.42 with 75.28 points in positive.
Among BSE Sectoral Indices, Metal Index gained the most by 1.68% and Bankex stood the top loser by 1.52%.
In Nifty50 stocks, Herohonda gained the most by 5.93% to end at 1925.30 whereas Rcom was the top loser with 4.67% and ended at 154.
SBI was the turnover topper by traded vale and Unitech was by traded quantity.
Advance/Decline ratio was negative as 982 stocks gained and 416 stocks declined today on NSE.

Major Global Indices :

Hang Seng : +422.93
Nikkei : +201.97
FTSE : +71.98
CAC : +56.69
DAX : +91.97
Dow Futures : +81
Nasdaq Futures : +24.25

18 Nov 2010 Daily Recommendations

18 Nov 2010 Morning Market Updates  08:52
Buy Axisbank sl 1427 Bounceback expected
Buy Bel Abv 1711 sl 1693 T 1729
Buy BEML sl 1082 Bounceback expected
Buy BRFL Abv 221 sl 217 T 227
Buy Cipla sl 336 T 344
Buy Colpal Abv 887 sl 881 T 894
Buy Educomp sl 548 T 561
Buy in dips IDFC sl 186
Buy Litl sl 63.5 T 66
Sell Nifty Fut Bel 5965 sl 6040 T 5855
Sell ACC Fut sl 1053 T 1032
Sell Albk sl 260 T 254
Sell Canbk Bel 772 sl 783 T 752 P
Sell Finantech sl 1068 T 1030
Hold Short Hindunilvr sl 302 T 294
Sell on Rise Lupin
Sell Relinfra sl 1003 T 980
Sell Titan sl 3825 T 3735
Stocks that are in news today:

RPP Infra Projects IPO opens today; price band at Rs 68-75 (to raise Rs 44.2 – 48.75 crore)
Aurionpro Solutions Q2
Sales up at Rs 104.6 crore versus Rs 78.7 crore
PAT up at Rs 11.6 crore versus Rs 10.2 crore
Axis Bank announces acquisition of ENAM Institutional Broking biz
Axis Bank-ENAM deal to be all-stock deal
5.7 shares of Axis for 1 share of ENAM
ENAM deal to create a 100% subsidiary of Axis Bank
ENAM Sec brand to continue for 24-36 months
Jagdish Master to join board of new subsidiary
Manish Chokani will be CEO of new subsidiary
Vallabh Bhanshali says - CNBC-TV18 Exclusive
Rare to see kind of synergy tried to strike a win win deal
Not looking to cash out, Axis Bank is a fabulous investment
ENAM not comparable with commoditised players
Some of our consideration will be shared with our people
Deal is unprecedented in character
ENAM will not do life insurance distribution
Enam's AMC biz not a part of this deal
We will need SEBI, RBI & SE clearance
Total income from April 1-October 20 at Rs 182 crore
PBT from April 1-October 22 is at Rs 77 crore
Absolutely incorrect to call this deal an acquisition
Entire management of ENAM migrating to Axis
Regulators will decide statutory lock in period
5 years non-compete with Axis for all biz being transferred
ENAM Sec 100% owned by 4 families
Merging with Axis is zero overlapping of business
Anil Singhvi was advisor to the deal
Shikha Sharma says
Deal will be EPS accretive & not RoE dilutive
Not strategically looking at acquisitions
This transaction is a great strategic fit
Will have a very strong corporate banking franchise
We would expect to see better fee income
By paying in stock we make this deal market neutral
Would not have done a cash deal
A complete suite of solutions important in marketplace
ENAM saw benefit in being part of a larger banking franchise
We don't care if we are number one, two or three'
Axis board has approved setting up online broking platform
This transaction came to us; we have not sought any deal
Don't know if the industry as whole will manage 20% growth
Very difficult to build equity capital markets biz
JSW-Severfield JV opens Bellary unit
JV has so far invested over £25 million in the Bellary production lines
Will have an annual capacity of 35,000 tonnes of fabricated steel
The new plant will serve requirements of Severfield-Rowen’s production lines in Northern Yorkshire
The project is said to have been financed on a 2:1 debt-equity ratio
Project is expected to generate annual revenues of around Rs 400 crore
The target market will initially be commercial structures and simple highway bridges
Alert: Severfield-Rowen has four production facilities in the north of England and Ireland.
Alert: Severfield-Rowen has order book of £244 m with a 20-23 % share of the UK market as of August 2010
Reliance Communications says
Group had no shareholding in Swan Tele at time of license grant
Group had no shareholding in Swan Tele post license grant too
Swan Telecom is now Etisalat DB
Reliance Communications says
Never violated 10% crossholding norm
SC asks govt to explain Swan Telecom License
SKS stock dips by 11.55% on Tuesday on BSE;
Banks worried about repayment by MFIs;
Banks approach government;
Sources: ICICI, Andhra Bank, BNP Paribas have huge exposure to MFIs
Other stocks and sectors that are in news today:
Finance ministry for freeing urea prices
Securities in ban period: Core Project, Orchid Chem and Power Grid
Dr Reddy's gets tentative USFDA okay for Allegra-D generic
F&O cues:

Total Futures Open Int down Rs 1,961 crore
Total Options Open Int up by Rs 3,410 crore

Stock Futures net shed 3.36 cr shrs in Open Int
Nifty futures net add 4.1 lk shrs in Open Int
Nifty Futures down to 6 pts from 20 pts
Nifty Open Int PCR down to 1.05 versus 1.15
Nifty Puts shed 4 shrs, Calls add 57.7 lk shrs in Open Int
Nifty Nov 6100 Put shed 16 lk shrs in Open Int
Nifty Nov 6500 Call sheds 10.7 lk shrs in Open Int
Nifty Nov 6000 Put sheds 8.3 lk shrs in Open Int
Nifty Nov 6200 Put sheds 8.1 lk shrs in Open Int
Nifty Nov 6300 Put sheds 5.4 lk shrs in Open Int
Nifty Nov 6000 Call adds 27.8 lk shrs in Open Int
Nifty Nov 6200 Call adds 14.1 lk shrs in Open Int
FIIs in F&O on November 16
Net buy Rs 301 crore in Nifty futures
Nifty futures Open Int down 14,372 contracts
Net buy Rs 449.7 crore in Nifty options
Nifty options Open Int down 2,285 contracts
Net buy Rs 386 crore in Stock Futures
Stock futures Open Int down 7,342 contracts
Market cues:

US markets ended flat yesterday; down 1.5-2% on Tuesday
Ireland Debt Woes

European Commission, IMF, ECB to send team
Team will start work on Thursday
ENAM-Axis Bank Deal
Brokerage stocks in focus post deal
NSE F&O Open Int was up by Rs 1,449 crore at Rs 1.70 lakh crore
As per provisional data of November 16, FIIs were net sellers of Rs 197 crore; DIIs were net buyers of Rs 449.6 crore in cash markets. FIIs were net buyers of Rs 1,154 crore in F&O.
US Markets:
On Wall Street- stocks settled mixed after a listless session with a narrow range. Continued uncertainties with the global economy weighed on investors, ahead of General Motors listing. The issue has been priced at USD 33 a share.

Dow Jones Industrial Average was down 0.14% or 15.62 points at 11007.88. Nasdaq Composite was up 0.25% or 6.17 points at 2476.01. Standard & Poor's 500 was up 0.02% or 0.25 points at 1178.59.
In economic data, the consumer price index for October increased 0.2% after a 0.1% increase in the prior month. It had been expected to increase 0.3% month-over-month. Core consumer prices for were flat for the second month in a row.

In economic data expected later today, the initial jobless claims are expected to come at four hundred and forty five thousand. The Philadelphia Fed survey index for November is expected to come at 5.6. The reading for October rose to plus one point zero from minus zero point seven, the month before.
In the currency space- the dollar lost ground versus the euro as tepid US inflation data and weak housing starts supported the Federal Reserve's quantitative easing and provided a signal for investors to resume selling the greenback.
In commodities, oil prices slumped to a four-week low as worries persists that China would raise interest rates to cool down inflation, curbing demand from the world's biggest growth engine.

16 Nov 2010 Closing Market Updates

16 Nov 2010 Closing Market Updates  15:30

Shanghai undex collapsed by 3.98% as China’s stocks fell, driving the benchmark index to the lowest in a month, on speculation the government will intensify measures to curb accelerating inflation including higher interest rates and price controls.

PetroChina Co. and Jiangxi Copper Co. plunged more than 6 percent on concern further tightening will curb oil and metals demand. China Vanke Co. slid to the lowest since September, pacing declines by real-estate developers, after the government ordered first-time foreign homebuyers to show proof they don’t own other properties. China Construction Bank Corp. and Agricultural Bank of China Ltd. dropped more than 2 percent on the prospect higher borrowing costs will cut loan growth.
As a cascading effect, other Asian markets like Hang Seng and Nikkei weakend and closed with 334.16 points and 30.41 points respectively.
Europen markets also opened with a gap down after heavy losses for Chinese stocks and as Ireland continued to resist mounting pressure to accept a bailout.
Indian markets no doubt tanked more than 2%. Nifty ended at 5987 falling 134.60 points whereas Sensex fell 435.59 points to end at 19874.10.
Nifty ended below 6000 mark first time after 28th Oct 2010, similarly Sensex also ended below 20000 mark.
All 13 BSE Sectoral Indices ended in red.Realty index plunged the most by 3.75%

16 Nov 2010 Daily Recommendations

16 Nov 2010 Morning Market Updates 09:09
Daily Recommendations :
Buy Abb Fut Abv 863 sl 858 T 870
Buy BEML sl 1088 T 1112 Bounceback expected
Buy Essaroil sl 136 Bounceback expected
Buy IDFC sl 189 T
Buy IOC Abv 402 sl 397 T 412
Buy IVRPrime Abv 184 sl 178 T 197 P
Buy Mphasis Abv 590 sl 578 T 605/614 P
Buy at declines Patel sl 355 T 382/390/410 P
Buy Patni sl 468 T 510/522/538 P
Buy Reliance Bounceback expected
Buy SBIN Abv 3180 sl 3140 T 3220/3254 P
Sell Acc Bel 1059 sl 1067 T 1042
Sell on Rise Gitanjali sl 348
Sell Hindalco Bel 222 sl 226 T 215
Sell Jindalsaw Fut Bel 209 sl 216 T 199
Sell JPAssociat sl 131 T 122
Sell Sintex Bel 229 sl 233 T 221
Sell Sunpharma Fut sl 2338 T 2268 P
Stocks in News :
Govt sources say
-Microfinance bill likely in next 3-4 months
-Microfinance bill may be introduced in budget session
-Microfinance bill to use inputs from Malegam committee
-Malegam panel on Microfin institutions set up by RBI
-Malegam panel to define 'MFIs' and 'Microfinance'Stock Futures shed 1 crore shares in OI. Nifty November 6400 Call shed 9.5 lakh shares in Open Interest while Nifty December 6000 Put added 4 lakh shares in Open Interest.
Govt sources say
-No consensus yet on many aspects of microfinance bill
-Malegam panel inputs on intermediation cost crucial
-Malegam inputs to help determine nature of regulator
-MFI regulator could be 'Soft Touch Or Strict'
-Microfinance bill proposes NABARD as MFI Regulator
-Present bill keeps NBFCs out of purview
-20 NBFCs account for 80% of MFI sector
Govt sources say
-Interest cap is not a solution to solve issue
-Key problem states classifying MFIs as money lenders


Gravita India IPO lists today
-Issue price at Rs 125 (higher end of price band 120-125)
-Total subscription at 42.24
-QIB portion at 6.04 times, non institutional investors 179.7 times and retail portion 36.7 times
Mahindra Satyam Q2 consolidated
-Income from operations at Rs 1,242 crore versus Rs 1,248 crore (QoQ)
-operating profit at Rs 65 crore versus Rs 114 crore (QoQ)
-PAT at Rs 23 crore versus Rs 98 crore (QoQ)
Mahindra Satyam Says
-Q1, Q2 revenues were flat
-Synergies with M&M and Tech Mahindra quite visible
-Seeing traction in joint go-to-market strategies
-Q2 EBITDA at 5.2% vs 9.1% (QoQ)
-Sequential fall in EBITDA margin on wage hikes
-Authorities have sought Rs 503 crore in taxes for FY2003-08
-To sell Chennai SEZ; valued at Rs 33.4 crore
-Focussing on key verticals like engineering sevices, IMS
-Jointly working with M&M for differentiated contracts
-Forex loss of Rs 9.1 crore versus gains of Rs 33.6 crore
Mahindra Satyam says - CNBC-TV18 Exclusive
-See marginal growth in revenue in dollar terms
-Pay hikes & investments in core tech hurt numbers
-Sales, services have seen significant traction
-Will hire 5,000 entry-level grads next year
-Strengthening business more important that protecting margins
-Margins will not fall any further
-Deal pipeline is much lower than peers
-May be participating in large outsourcing deals
-Looking for acquisition in BPO stakes
-Enough cash reserve on balance sheet to fund acquisition
Cannot comment if eyeing Zenta BPO or not
-Broken even in BPO so far, see further growth through acquisition
-Need to streamline business before going ahead with merger
-Working actively with law firms on merger details
Bharat Forge says
Orders from NTPC for 5x660 mw turbines worth Rs 6000 to 7000 crore
-Will bid for NTPC's bulk tender for supply of TG
ABG Shipyard Q2
-Net sales up 38.3% at Rs 555.5 crore versus Rs 401.6 crore
-Net profit up 22.7% at Rs 56.2 crore versus Rs 45.8 crore
Aster Silicates Q2
-PAT at Rs 32 lakh versus Rs 1.7 crore
-Sales at Rs 16.7 crore versus Rs 20.5 crore
Ansal Housing & Contruction Q2
-PAT at Rs 13 crore versus Rs 6.2 crore
-Sales at Rs 62.4 crore versus Rs 43.2 crore
IG Petrochemicals Q2
-Net sales at Rs 154 crore versus Rs 141.5 crore
-PAT at Rs 5.1 crore versus Rs 8.5 crore
Other stocks and sectors that are in news today:
-Dabur buys US hair care company, Namaste Lab for USD 100 million: ET
-JBF to buy back Citigroups 11% in Singapore arm for USD 40 million
-Ericsson to DoT: Halt BSNL’s GSM tender process for 5.5 million worth Rs 2000 crore (ITI will be impacted)
-Skoda may partner Maruti for small car
-Vivimed Labs to buy Europe firm for USD 50 million
-Auto component maker JBM eyes bus manufacture
-Securities in F&O ban: Nagarjuna Fertiliser, Core projects, Orchid Chemical, Power Grid
-MVL: Ex-stock split 2:1
-BS Transcomm bags orders worth Rs 53 crore
-Sathavahana Ispat: Board meet today to consider issue of Share Warrants to promoters group and Equity Shares to select investor on Preferential allotment basis.
F&O cues:
Total Futures Open Int up Rs 550 crore
Total Options Open Int down by Rs 331 crore
Stock Futures net shed 1 crore shrs in Open Int
Nifty Futures net add 8.3 lk shrs in Open Int
Nifty Futures premium unchanged at 20 pts
Nifty Open Int PCR up at 1.15 from 1.13
Nifty Puts add 23k shrs in Open Int
Nfty Calls shed 11.7 lk shrs in Open Int
Nifty Nov 6400 Call shed 9.5 lk shrs in Open Int
Nifty Nov 6500 Call shed 8.1 lk shrs in Open Int
Nifty Nov 5600 Put shed 3.8 lk shrs in Open Int
Nifty Nov 6200 Put shed 3.5 lk shrs in Open Int
Nifty Nov 5800 Put add 4.3 lk shrs in Open Int
Nifty Dec 6000 Put add 4 lk shrs in Open Int
Nifty Nov 6000 Put add 3.5 lk shrs in Open Int
FIIs in F&O on Nov 15
Net sell Rs 682 crore in Nifty Futures
Nifty Futures Open Int up 34,397 contracts
Net sell Rs 1,113 crore in Nifty Options
Nifty Options Open Int down 11,995 contracts
Net buy Rs 150.4 crore in Stock Futures
Stock Futures Open Int up 728 contracts
FIIs were net sellers to the tune of Rs 1667 crore in F&O. They were net sellers of Rs 682 crore in Nifty Futures; Nifty Futures' open interest (OI) was up 34397 contracts. FIIs were net sellers of Rs 1113 crore in Nifty Options; Nifty Options' OI was down 11995 contracts.
Stock Futures shed 1 crore shares in OI. Nifty November 6400 Call shed 9.5 lakh shares in Open Interest while Nifty December 6000 Put added 4 lakh shares in Open Interest.
Short covering was seen in SBI and Rolta India. SBI shot up 4%; its OI was down 11% and delivery volume shot up at 13.7 lakh shares versus 9 lakh. Rolta rose 4.6%; its OI was down 11%.
Long buildup was seen in Orchid Chemical. The stock was up 5.3% and its OI up 21%. Delivery volume increased to 11.2 lakh shares versus 7.5 lakh.
Speculative buildup was seen in Jet Airways. The stock jumped 4.9% and its OI was up 13.5%.
Huge unwinding was seen in Nagarjuna Fertiliser. The stock plunged 7.3% and its OI was down 21%. Delivery volume jumped at 46.5 lakh equity shares versus 18.6.
Disclaimer : Daily blog(s) have 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.

15 Nov 2010 Closing Market Updates

15 Nov 2010 Closing Market Updates
The Sensex was trading higher on account of some buying interest seen in index pivotals. Realty, oil & gas and consumer durable stocks traded marginally lower, while banking and IT moved up.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 10.73 points or 0.05% at 20,167.62, while the broad based NSE Nifty started with a rise of 110.65 points or 1.82%, at 6,128.30.
Sensex Movers
ICICI Bank contributed rise of 37.08 points in the Sensex. It was followed by State Bank Of India (31.52 points), H D F C Bank (21.45 points), Tata Consultancy Services (9.29 points) and Tata Steel (8.13 points).
However, Reliance Industries contributed fall of 29.74 points in the Sensex. It was followed by Housing Development Finance Corporation (9.47 points), Hindalco Industries (7.15 points), Oil & Natural Gas Corporation (4.07 points) and Tata Motors (3.88 points
Biggest gainers 
Cipla (3.36%),
State Bank Of India (2.57%),
Wipro (2.27%),
ICICI Bank (2.07%),
HDFC Bank (1.97%),
Tata Steel (1.68%).

Major losersReliance Communications (2.18%),
Hindalco Industries (1.86%),
Reliance Energy (1.85%),
D L F (1.42%),
Maruti Suzuki India (1.28%),
Reliance Industries (1.21%)
Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts declining 0.16% and 0.19% respectively.
The major losers in the BSE Midcap were Anant Raj Industries (3.06%), Amtek Auto (2.94%), A I A Engineering (2.2%), Allahabad Bank (1.24%) and Alstom Projects India (0.35%).
The major losers in the BSE Smallcap were A B G Infralogistics (4.92%), Provogue (India) (2.76%), Abhishek Industries (2.55%), Adhunik Metaliks (0.86%) and A B G Shipyard (0.54%).
Sectors in Limelight
The Bankex index was at 14,422.84, up by 257.56 points or by 1.82%. The major gainers were Federal Bank (2.17%), H D F C Bank (1.97%), Canara Bank (1.17%), Bank Of India (0.96%) and Bank Of Baroda (0.19%).
The IT index was at 6,097.61, up by 50.68 points or by 0.84%. The major gainers were Oracle Financial Services Software (0.97%), Mphasis (0.51%), Tech Mahindra (0.46%), Infosys Technologies (0.39%) and H C L Technologies (0.26%).
The TECk index was at 3,705.07, up by 25.06 points or by 0.68%. The major gainers were Reliance MediaWorks (3.66%), D B Corp (1.57%), Bharti Airtel (1.14%), Oracle Financial Services Software (0.97%) and Mphasis (0.51%).
On the other hand, the Realty index was at 3,452.10, down by 46.63 points or by 1.33%. The major losers were Anant Raj Industries (3.06%), D L F (1.42%), Indiabulls Real Estate (0.95%), Housing Development and Infrastructure (0.84%) and D B Realty (0.4%).
Market Breadth
Market breadth was negative with 1,306 advances against 1,607 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,767.16 million. It was followed by Tata Steel (Rs. 917.90 million), Wockhardt (Rs. 880.54 million) and Delta Corp (Rs. 808.89 million).
The volume chart was led by Dynamic Infotel with trades of over 18.20 million shares. It was followed by Cals Refineries (11.16 million), I K F Technologies (10.12 million) and Alok Industries (7.34 million).
Nifty closed 48.60 points up at 6120.25 
Sensex closed 141.66 points up at 20298.55

15 Nov 2010 Daily Recommendations

15 Nov 2010 Morning Market Updates  08:45

Today's Recommendations :Buy Cairn sl 328 T 336
Buy Cipla sl 325 Bounceback expected
Buy DLF sl 323 T 336
Buy Essaroil sl 138 T 145 Bounceback expected
Buy HDFC sl 708 T 730
Buy Herohonda sl 1818 T 1840
Buy Idea sl 68.5 T 73 P

Sell Aptecht sl 159 T 153
Sell Auropharma Bel 1258 sl 1272 T 1240
Sell Axisbank sl 1516 T 1466
Sell Canbk sl 798 T 767
Sell HDFCBank sl 2336 T 2284 P
Sell Hindunilvr Bel 300 sl 302.5 T 294
Sell ICICIBank sl 1215 T 1177 P
Sell Infosystch sl 3024 T 2965 P
Sell Tatasteel sl 616 T 593

Results Today: Satyam, Shree Renuka, ABG Shipyard, Gitanjali Gems, Kohinoor Foods
Power grid FPO priced at Rs 90 (upper end of band 85-90)



-Power Grid total subscription at 14.88 times (QIBs: 18.5x, NIIs: 28.8x, Retail: 3.85x)


Unitech Q2FY11(QoQ) (cr - crore, vs - versus)


* Revenues: Rs 644 cr vs Rs 828.67 cr (Expectation of Rs 854 cr)


* EBIDTA: Rs 252.8 cr vs Rs 285 cr(expectation of Rs 287.5 cr)


* EBIDTA margin at 39.22% vs 34.39% (Expectation of 33.63%)


* Net Profit: Rs 173.76 cr vs Rs 180 cr (Expectation of Rs 186.78 cr)

IOC Q2


-Net profit at Rs 5,294 cr vs loss of Rs 3,388.4 cr (QoQ)


-Net sales at Rs 69,336 cr vs Rs 71,672.66 cr (QoQ)


India Cements Q2FY11 YoY


-Revenue down 15% to Rs 842 cr vs Rs 994 cr


-Net loss Rs 33.6 cr vs profit of Rs 137 cr


-OPM 3.6% vs 30%


Reliance Communications Q2FY11 (QoQ)


* Revenues: Rs 5118 cr vs Rs 5109 cr (expectation of Rs 5226.7 cr)


* EBIDTA: Rs 1660 cr vs Rs 1631.8 cr (expectation of Rs 1581.3 cr)


* EBIDTA margin at 32.43% vs 31.94%


* Financial charges at Rs 280 cr vs Rs 440 cr


* Net Profit: Rs 446 cr vs Rs 251 cr (expectation of Rs 371.74 cr)


* Net debt to equity at 0.95 x vs 0.73x


* Wireless minutes flat at 94.6 B vs 94.4 B(up 0.21%)


Deccan Chronicle Q2FY11 YoY


-Revenues down 6% to Rs 236 cr vs Rs 250 cr


-OPM 49.8% vs 55%


-PAT Rs 82.6 cr vs Rs 99.9 cr


-Deccan Chronicle board approves share buyback; buyback price up to Rs 180/sh


-Not exceeding Rs 270 cr


IVRCL Infra Q2: From NSE


-Net profit at Rs 23.3 cr vs Rs 48.8 cr (YoY)


-Net sales at Rs 1,050.2 cr vs Rs 1,213.8 cr (YoY)


Reliance Capital Q2FY11


-Revenue down 11% to Rs 1300 cr vs Rs 1466 cr


-PAT down 28% to Rs 112 cr vs Rs 155 cr


-Segment wise - except for Asset Management all segments decline


Finance & Investments revenues down 17% to Rs 293 cr


General Insurance down 10% to Rs 483 cr


Alert: PBT loss in GI at Rs 28 cr vs 11 lakh profit YoY but loss down 28% QoQ


Commercial Finance down 9% to Rs 312 cr


Asset Management up 9% to Rs 163 cr


Management says


-Revenue fall mainly due to lower capital gains and insurance revenue


-Total assets Rs 30,094 cr, up 18%


-Investment in listed equities Rs 1589 cr or USD 354 million


Gammon India Q2


-Net sales at Rs 1,179.8 cr vs Rs 937.5 cr (YoY)


-Net profit at Rs 24 cr vs Rs 44.1 cr (YoY)


Tata Steel Q2FY11 Consolidated QoQ


* Steel deliveries lower 1% QoQ to 5.82 MT


* Lower deliveries at European operations were largely made up by higher deliveries from Tata Steel India & Tata Steel Thailand


* Revenues: Rs 28646.19 cr vs Rs 27194.8 cr(expectation of Rs 26911.88 cr)


* EBIDTA: Rs 4497 cr vs Rs 4527 cr (Adjusted EBIDTA of Rs 3870 cr vs expectation of Rs 3481.7 cr)


* Overall EBIDTA/t at $ 144.3 vs $ 171.2


* EBIDTA margin: 13.5% vs 16.64%


* Net Profit: Rs 1978.81 cr vs Rs 1825.26 cr(Expectation of Rs 1421.02 cr ex gains of stake sale)


YoY


* Revenues: Rs 28646.19 cr vs Rs 25395.04 cr


* EBIDTA: Rs 4497 cr vs Rs 371.8 cr


* Net Profit of Rs 1978.81 cr vs net loss of Rs 2707.25 cr


Reliance Power Q2


-Cons net profit up 20.2% at Rs 234.80 cr (QoQ)


-Cons net sales up 21.1% at Rs 168.7 cr (QoQ)


Reliance Infrastructure Q2FY11


-EPS Rs 14.5 and 1HFY11 EPS Rs 29.6


Q2FY11 YoY Consolidated


-Revenue up 2% to Rs 4042 cr vs Rs 3974 cr


-OPM 15.3% vs 9%


-PAT Rs 360 cr vs Rs 325 cr up 11%


-OPM Expands: Total expenditure down 5% to Rs 3425 cr and EBITDA up 71% to Rs 617.2 cr


Reliance infra says executing 25 infra projects worth Rs 40,000 crore


HPCL Q2


-Net sales at Rs 30,709.7 cr vs Rs 24,456.6 cr (YoY)


-Net profit at Rs 2,089.6 cr vs net loss of Rs 136.7 cr (YoY)


BEML Q2:


-Net sales at Rs 509.2 cr vs Rs 483.3 cr (YoY)


-Net profit at Rs 14.7 cr vs Rs 13.6 cr (YoY)


Balrampur Chini Q4


-Net sales at Rs 508.3 cr vs Rs 378.9 cr


-Loss at Rs 78.3 cr vs profit of Rs 42.7 cr


Sterling Biotech Q3



-Net sales at Rs 409.8 cr vs Rs 362.6 cr (YoY)


-Net profit at Rs 30.6 cr vs Rs 41 cr (YoY)
Wockhardt Q2FY11 YoY



-Revenue up 2% to Rs 940 cr vs Rs 922.6 cr


-EBITDA up 21% to Rs 219 cr vs Rs 182 cr


-OPM 23.4% vs 20%


-Net Loss Rs 96.6 cr vs loss of Rs 54.2 cr


-Interest costs up 18% to Rs 56.4 cr


-Forex Loss Rs 21.12 cr vs Rs 3.52 cr


-Exceptional Loss of Rs 202 cr vs Rs 137 cr


-Rs 197 cr of exceptional pertains to settlement of Loan & disputed derivative liabilities


IL&FS Q2


-Cons net profit at Rs 111 cr


-Cons net sales at Rs 883 cr


Tata Power Q2FY11 Consolidated


-Revenue up 1% to Rs 4809 cr vs Rs 4753 cr


-OPM 23.6% vs 20%


-PAT Rs 672.5 cr vs Rs 367.7 cr, up 83%


-Forex gain Rs 220 cr Rs 28.7 cr


Segment Break up


-Power Revenues Rs 2992 cr vs Rs 3198 cr


-Coal Revenues Rs 1474 cr vs Rs 1379 cr


-Others Revenues Rs 389 cr vs Rs 250 cr


-EBITDA up 19% to Rs 1137 cr


Ispat Ind Q2


-Net loss of Rs 332 cr vs loss of Rs 79.4 cr


-Net sales at Rs 2,155 cr vs Rs 2,032 cr


DEN Networks –Good numbers - Q2FY11 YoY Consolidated


-Revenue up 13% to Rs 253 cr vs Rs 223.7 cr


-OPM 12.5% vs 8%


-PAT Rs 10.5 cr vs Rs 2.14 cr


-Growth in topline and EBITDA results in higher PAT


-EBITDA Rs 31.8 cr vs Rs 18.3 cr ---up 74%


-Other Income Rs 2.8 cr vs Rs 42 lakhs


-Interest costs flat at Rs 4.4 cr vs Rs 4.9 cr


Elder Pharma Q2FY11 YoY Consolidated


-Revenues up 21% to Rs 210 cr vs Rs 174 cr


-OPM 19.9% vs 17%


-PAT Rs 13.8 cr vs Rs 9.29 cr up 49%


-Exceptional of Rs 1.38 cr on forex loss


-Interest costs Rs 14.92 cr vs Rs 14.5 cr


Assam Co Q2


-PAT at Rs 33.4 cr vs Rs 28.5 cr


CDR Update


-As per CDR company has issued the following to various banks in the Q:


*Optionally convertible cumulative redeemable shares worth Rs 28 lakh


*OCCRPS have the option to convert from July 2016


*And non convertible cumulative redeemable pref shares worth Rs 32.5 cr


*NCRPS Redeemable in 2018


-Outstanding Liabilities are Being Restructured under CDR


-Documents have been executed Under the Scheme of Master Restructuring Agreement


Alert : CDR Covers the FCCB Liabilities and Crystallized Derivatives / hedging Liabilities


Reliance Power allots shares to RNRL shareholders


-RNRL shareholders get 1 share of Reliance Power for every 4 shares of RNRL


-80% of RNRL shareholders got shares free on demerger from RIL


-Reliance Power is world's largest shareholder family with about 5 million holders


Tulip Tele Says


-Will sell our stake along with Qualcomm in BWA Foray


-Always knew Qualcomm would sell stake to an operator


-Assuming GTL will also sell stake along with Qualcomm


-Partnership with Qualcomm for financial interest


-Partnership with Qualcomm can help in accessing technology


CNBC-TV18 alert


-Qualcomm won BWA licenses in 4 circles


-Tulip Tele & Global Holdings hold 13% each in Qualcomm BWA


-Assam company approves Demerger of Borboorah Tea Estate of the Company and the transfer of the tea estate to Camellia Cha Bar Ltd., a subsidiary Company of the Company.


-Adanis face laundering charges: ET


-Reliance Power gets nod to divest 26 million tonne coal from Tilaiya to other projects: BS


-Sical Logistics: Coffee baron, Siddhartha of Café Coffee Day bought 10% on Friday at Rs 80/sh via Tanglian Retail, board also allots 160.8 lakh shares Tanglin Retail at Rs 76/sh, Tanglin’s stake to go to 40% from 10% triggering open offer ((Rajeev Chandrashekhar had bought 13.3% stake few days earlier))


FIIs were net sellers to the tune of Rs 321 crore in F&O. FIIs were net sellers of Rs 2000 crore in Index and Stock Futures on Friday. Total Futures open interest (OI) was down by Rs 2119 crore while total Options OI up by Rs 6406 crore.
 
Nifty Open Interest PCR was down to 1.13 from 1.26. Highest OI outstanding shifted from 6500 call (69.4 lakh) to 6300 call (88.9 lakh). Nifty November 6100 Call added 29 lakh shares in Open Interest.



Fresh shorts and cash based selling was seen Shree Renuka in Unitech. Shree Renuka tumbled 11%; its OI was up 12% and delivery volume jumped at 1.09 crore shares versus 31.8 lakh shares.


Unitech fell 5.8%; its OI was up 8.4% and delivery volume shot up to 1.1 crore shares versus 38.8 lakh.


Fresh shorts were seen in Alok Industries; the stock fell 7.8%. Its OI was up 17.2% and delivery volume rose to 1.39 crore shares versus 1.32 crore shares.


Speculative shorts were seen in Educomp and the stock tumbled 9%. Its OI was up 10%.


Unwinding was seen in Jaiprakash Associates and the stock was down 4%. Its OI fell 5% and delivery volume declined at 30 lakh shares versus 35 lakh shares.

Disclaimer :Daily blogs have 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.