09 June 2010 Closing Market Updates 15:31
A volatile session ended flat.Nifty closed at 5009.35 with 22.25 points of gain.Sensex closed with 64.79 points gain and closed at 16681.89.
BSE Metal index gained the most by 1.79% whereas FMCG index was the top loser with 2.35%.
Bhartiartl was the top gainer with 6.15% in Nifty50 stocks.Bharti closed at 274.25 while ITC lost 3.22% because of Ex-dividend effective rate.
Market breadth was positive today as 711 stocks gained and 577 stocks declined today on NSE.
At the time of closing bell in Indian markets, European markets were trasing mixed and flat. FTSE was down by 8 points, DAX was down by 5 points and CAC was trading in positive with 2 points.
Wednesday, June 9, 2010
Tuesday, June 8, 2010
8th June Morning Market Updates:
8th June Morning Market Updates:
Nifty resistance at 5070
Stocks that are in news today:
Empowered Group of Ministers (EGoM) defers decision on oil pricing
Oil Secretary S Sundaresan says EGoM likely to meet in the next 10 days
Need to discuss fuel price issue further
Possible inflationary effect of fuel price hike discussed
Burden on govt on revenues loss at Rs 3.45 lakh crore in FY04-10
IOC says
Still hopeful fuel prices will be deregulated
Fine as long as oil companies compensated for revenue loss
Kirit Parikh Says
Disappointed EGoM did not take a decision
Hope EGoM implements recommendations at next meet
Burden to consumers can be eased by rationalising taxes
Post 3G bonanza, enough elbow room to cut duties
Right time to deregulate petrol, diesel prices
Other stocks and sectors that are in news today:
FIs, NRIs & VC to pick up 26% in HT Media’s Hindi arm Hindustan Media Ventures for Rs 350 crore: FE
eClerx Services : Board approves a bonus in ratio of 1:2
Whirlpool of India, Sri Adhikari Brothers transferred to T2T
Ex-dates today - Rallis India: Bonus in ratio of 1:2
Govt notifies amendments to SCRA on 25% public floats, public shareholding to exclude shares held by custodians against ADRs/GDRs ((Wipro may have to go for more dilution))
Andhra Bank may buy-back shares : BL
Vishal Retail may close deal with TPG in 2-3 months : Mint
India proposes a Windfall tax like Australlia on Miners : Mint
Govt to cap Temasek, GIC Joint holding in Govt Companies : FE
IVRCL Assets plans equity infusion : DNA
Market cues:
EGoM defers decision on oil pricing
US markets see sell-off in late trade after volatile session
FIIs were net buyers of USD 58.9 million in equities on June 4NSE F&O Open Int up was Rs 2575 crore at Rs 1.22 lakh crore
As per provisional data of June 7, FIIs were net sellers of Rs 403 crore; DIIs were net sellers of Rs 203 crore in cash markets. FIIs were net sellers of Rs 51 crore in F&O.
F&O cues:
Futures Open Int down Rs 219 crore, Options Open Int up Rs 2794 crore
Nifty futures add 11 lakh shares in Open Int, at 14-point discount
Nifty Open Int PCR at 1.37 versus 1.40
Nifty Puts add 21 lakh shares, Nifty Calls add 27 lakh shares in Open Int
Nifty 4800 Put adds 9 lakh shares in Open Int
Nifty 5000 Put sheds 8 lakh shares in Open Int
Nifty 5100 Put sheds 6 lakh shares in Open Int
Nifty 5300 Call adds 10 lakh shares in Open Int
Nifty 5000 Call adds 6.8 lakh shares in Open Int
Stock futures add 1.5 crore shares in Open Int
FIIs in F&O on June 7
Net sell Rs 1665 crore in Nifty futures
Nifty Futures Open Int up 51,992 contracts
Net buy Rs 1890 cr in Nifty options
Nifty Options Open Int up 92,342 contracts
Net sell Rs 262 crore in Stock futures
Stock futures Open Int up 10,303 contracts
US markets fell sharply in late trade after a jittery session. US consumer credit data for April, released Yesterday, showed Americans largely shying away from taking on new debt amid high unemployment. Worries about Europe also nagged investors.
Instead of seeing a bounce following a selloff like we saw on Friday, lack of conviction kept proceedings under pressure.
The CBOE volatility index, widely considered the best gauge of fear in the market, was above 36 at the closing bell.
The Dow lost over a percent, to close at 9,816, its lowest close since November 2009. The S&P 500 shed nearly a percent and a half, while the Nasdaq lost over 2%.
In the currency space - the euro hits multi-year low below 1.19 to the dollar before recovering on the back of a bigger-than-expected jump in German industrial orders and reasonable demand at an offer of Belgian government debt. Corporate demand also helped lift the euro from those lows.
Meanwhile, in the commodity space - gold rallied to less than USD 10 below its all-time high of 1249, as funds piled in for safety amid choppy currency and equity markets due to ongoing fears about euro zone credit contagion. Gold hit an intra- session high of over 1243 dollars an ounce.
Base metals however declined, copper, zinc, lead & aluminum hit their lowest levels this year, while nickel slipped to the lowest in the last 4 months. Investors fearing economic and demand growth meltdown in the euro zone fled base metals. Currently, fundamentals aren't really driving industrial metals, but people are concerned about the european economy and demand from china.
It was a quiet session for the energy complex. US crude oil futures ended Monday slightly lower, though well above early lows, as persistent economic worries undermined a late drive to positive territory. Forecasts calling for a drawdown of a further million barrels in crude stockpiles ahead of inventory reports this week appeared to be putting a break on the day's decline in crude 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.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Nifty resistance at 5070
Stocks that are in news today:
Empowered Group of Ministers (EGoM) defers decision on oil pricing
Oil Secretary S Sundaresan says EGoM likely to meet in the next 10 days
Need to discuss fuel price issue further
Possible inflationary effect of fuel price hike discussed
Burden on govt on revenues loss at Rs 3.45 lakh crore in FY04-10
IOC says
Still hopeful fuel prices will be deregulated
Fine as long as oil companies compensated for revenue loss
Kirit Parikh Says
Disappointed EGoM did not take a decision
Hope EGoM implements recommendations at next meet
Burden to consumers can be eased by rationalising taxes
Post 3G bonanza, enough elbow room to cut duties
Right time to deregulate petrol, diesel prices
Other stocks and sectors that are in news today:
FIs, NRIs & VC to pick up 26% in HT Media’s Hindi arm Hindustan Media Ventures for Rs 350 crore: FE
eClerx Services : Board approves a bonus in ratio of 1:2
Whirlpool of India, Sri Adhikari Brothers transferred to T2T
Ex-dates today - Rallis India: Bonus in ratio of 1:2
Govt notifies amendments to SCRA on 25% public floats, public shareholding to exclude shares held by custodians against ADRs/GDRs ((Wipro may have to go for more dilution))
Andhra Bank may buy-back shares : BL
Vishal Retail may close deal with TPG in 2-3 months : Mint
India proposes a Windfall tax like Australlia on Miners : Mint
Govt to cap Temasek, GIC Joint holding in Govt Companies : FE
IVRCL Assets plans equity infusion : DNA
Market cues:
EGoM defers decision on oil pricing
US markets see sell-off in late trade after volatile session
FIIs were net buyers of USD 58.9 million in equities on June 4NSE F&O Open Int up was Rs 2575 crore at Rs 1.22 lakh crore
As per provisional data of June 7, FIIs were net sellers of Rs 403 crore; DIIs were net sellers of Rs 203 crore in cash markets. FIIs were net sellers of Rs 51 crore in F&O.
F&O cues:
Futures Open Int down Rs 219 crore, Options Open Int up Rs 2794 crore
Nifty futures add 11 lakh shares in Open Int, at 14-point discount
Nifty Open Int PCR at 1.37 versus 1.40
Nifty Puts add 21 lakh shares, Nifty Calls add 27 lakh shares in Open Int
Nifty 4800 Put adds 9 lakh shares in Open Int
Nifty 5000 Put sheds 8 lakh shares in Open Int
Nifty 5100 Put sheds 6 lakh shares in Open Int
Nifty 5300 Call adds 10 lakh shares in Open Int
Nifty 5000 Call adds 6.8 lakh shares in Open Int
Stock futures add 1.5 crore shares in Open Int
FIIs in F&O on June 7
Net sell Rs 1665 crore in Nifty futures
Nifty Futures Open Int up 51,992 contracts
Net buy Rs 1890 cr in Nifty options
Nifty Options Open Int up 92,342 contracts
Net sell Rs 262 crore in Stock futures
Stock futures Open Int up 10,303 contracts
US markets fell sharply in late trade after a jittery session. US consumer credit data for April, released Yesterday, showed Americans largely shying away from taking on new debt amid high unemployment. Worries about Europe also nagged investors.
Instead of seeing a bounce following a selloff like we saw on Friday, lack of conviction kept proceedings under pressure.
The CBOE volatility index, widely considered the best gauge of fear in the market, was above 36 at the closing bell.
The Dow lost over a percent, to close at 9,816, its lowest close since November 2009. The S&P 500 shed nearly a percent and a half, while the Nasdaq lost over 2%.
In the currency space - the euro hits multi-year low below 1.19 to the dollar before recovering on the back of a bigger-than-expected jump in German industrial orders and reasonable demand at an offer of Belgian government debt. Corporate demand also helped lift the euro from those lows.
Meanwhile, in the commodity space - gold rallied to less than USD 10 below its all-time high of 1249, as funds piled in for safety amid choppy currency and equity markets due to ongoing fears about euro zone credit contagion. Gold hit an intra- session high of over 1243 dollars an ounce.
Base metals however declined, copper, zinc, lead & aluminum hit their lowest levels this year, while nickel slipped to the lowest in the last 4 months. Investors fearing economic and demand growth meltdown in the euro zone fled base metals. Currently, fundamentals aren't really driving industrial metals, but people are concerned about the european economy and demand from china.
It was a quiet session for the energy complex. US crude oil futures ended Monday slightly lower, though well above early lows, as persistent economic worries undermined a late drive to positive territory. Forecasts calling for a drawdown of a further million barrels in crude stockpiles ahead of inventory reports this week appeared to be putting a break on the day's decline in crude 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.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Monday, June 7, 2010
07 June 2010 Closing Market Updates
07 June 2010 Closing Market Updates 15:31
Market opened weak and traded in a very narrow range as European opened negative but stucky.Nifty closed at 5039.45 shedding 96.05 points with a cautious note as the Empowered Group of Ministers will meet after market hours, to decide on Kirit Parikh Committee recommendations.Sensex closed at 16795.86 with 321.83 points down.The Empowered Group of Ministers will meet after market hours, to decide on Kirit Parikh Committee recommendations on deregulation of fuel prices. Shares of both upstream and downstream companies have been in action on anticipation of a possible price hike. The committee had earlier suggested complete decontrol of petrol/diesel prices (among others). Current petrol and diesel under-recoveries are Rs 3.4/lt and Rs 3.5/lt, respectively, and will require price increases of Rs 3.9/lt (8.7%) and Rs 4.1/lt (11.0%), respectively.
All BSE Sectoral Indices closed in negative as witnessed all round selling on the bourses.Realty index was the major loser with 3.88%
Rcom gained the most by 4.27% among the Nifty50 stocks and closed at 175.75 whereas DLF closed as top loser among Nifty50 stocks.It lost 6.25% and closed 264.15.
Advance/Decline ratio was negative to almost 4.17 : 1 as 1046 stocks declined and 253 stocks gained today on NSE.
Market opened weak and traded in a very narrow range as European opened negative but stucky.Nifty closed at 5039.45 shedding 96.05 points with a cautious note as the Empowered Group of Ministers will meet after market hours, to decide on Kirit Parikh Committee recommendations.Sensex closed at 16795.86 with 321.83 points down.The Empowered Group of Ministers will meet after market hours, to decide on Kirit Parikh Committee recommendations on deregulation of fuel prices. Shares of both upstream and downstream companies have been in action on anticipation of a possible price hike. The committee had earlier suggested complete decontrol of petrol/diesel prices (among others). Current petrol and diesel under-recoveries are Rs 3.4/lt and Rs 3.5/lt, respectively, and will require price increases of Rs 3.9/lt (8.7%) and Rs 4.1/lt (11.0%), respectively.
All BSE Sectoral Indices closed in negative as witnessed all round selling on the bourses.Realty index was the major loser with 3.88%
Rcom gained the most by 4.27% among the Nifty50 stocks and closed at 175.75 whereas DLF closed as top loser among Nifty50 stocks.It lost 6.25% and closed 264.15.
Advance/Decline ratio was negative to almost 4.17 : 1 as 1046 stocks declined and 253 stocks gained today on NSE.
07 June 3010 Daily Recommendations
07 June 3010 Morning Market Updates 08:43
Market will open gap down because global worries.Nifty support at 4950-4910.Parkikh committee is expecting Govt decision about fuel prices today.It will add some volatility to the market.European market opening will decide the base market trend.
Recommendations :
Follow Sell Calls in negative market bias and v.v.
Sell Andhrabank sl 140 T 131
Sell Bajaj-Auto Bel 2181 sl 2198 T 2164 / 2143
Sell Drreddy Bel 1392 sl 1408 T 1374
Sell Federalbnk Bel 335 sl 341 T 327
Sell Glaxo sl 2045 T 2006
Sell Hindpetro Bel 362 sl 367 T 354
Sell Lupin Bel 1844 sl 1859 T 1825
Sell Jindalswhl Bel 1702 sl 1723 T 1681
Sell Tulip sl 944 T 916
Sell RIIL Bel 758 sl 764 T 745
Buy Aban Abv 709 sl 700 T 726
Buy Bhartiartl Abv 279 sl 275 T 285
Buy Hindalco Abv 150.5 sl 147.5 T 156
Buy Ranbaxy Abv 435 sl 431 T 445
Buy Suzlon sl 54 T 58
Buy Tatasteel Abv 490 sl 482 T 501 / 505 /518 Positional
Buy Abirlanuvo sl 738 T 774 Positional
Buy IOB sl 91 T 94
Stocks in News :
HUL board meet on June 11 to mull buyback
BWA Auction, Day 9:
All-India bid closes at Rs 8,980 crore
Govt revenue rises to Rs 26,940 crore
F&O cues:
Futures Open Int up Rs 709 crore
Options Open Int up Rs 1825 crore
Nifty Futures shed 2 lakh shares in Open Int
Nifty Futures at 16-point discount
Nifty Open Int PCR at 1.40 versus 1.35
Nifty Puts add 25 lk shrs, Call OI unchanged
Nifty 5100 Put adds 7 lakh shares in Open Int
Nifty 5000 Put adds 6.5 lakh shares in Open Int
Nifty 5400 Call adds 3.3 lakh shares in Open Int
Nifty 5300 Call adds 3 lakh shares in Open Int
Nifty 5200 Call sheds 5.6 lakh shares in Open Int
Stock Futures Open Int unchanged
FIIs in F&O on June 4
Net buy Rs 136 crore in Nifty Futures
Net buy Rs 1338 crore in Nifty Options
Net buy Rs 330 crore in Stock Futures
Market cues:
EGOM meet on fuel pricing today
Global markets melt after US jobs data
Euro slips below USD 1.20 for the first time in nearly 5 years
Govt Mandate
Listed cos to have 25% floating stock
FIIs were net buyers of USD 106 million in equities on June 3
NSE F&O Open Int was up Rs 2534 crore at Rs 1.19 lakh crore
As per provisional data of June 4, FIIs were net buyers of Rs 101 crore; DIIs were net sellers of Rs 127 crore in cash markets. FIIs were net buyers of Rs 1793 crore in F&O.
US markets tumbled Friday on U.S. jobs and as Hungary emerged as Europe's latest economic problem.
The Dow Jones Industrial Average fell 323.31 points, or 3.15%, to 9931.97, its lowest close since Feb. 8.The Nasdaq Composite dropped 83.86, or 3.64%, to 2219.17, its lowest close since May 26. It slid 1.68% this week.
The declines came after a government report that showed the U.S. economy added jobs in May at the fastest pace in a decade, but the gains were inflated by temporary government hiring for the 2010 Census and were not enough to bring unemployment down much. The gain in nonfarm payrolls was 431,000, weaker than the 515,000 increase economists had expected, and only 41,000 private-sector jobs were added. Meanwhile, investors grew increasingly concerned about Hungary's economy after a leading official in Hungary's ruling Fidesz party said Thursday that Hungary faces a Greek-like sovereign-debt problem.
Market will open gap down because global worries.Nifty support at 4950-4910.Parkikh committee is expecting Govt decision about fuel prices today.It will add some volatility to the market.European market opening will decide the base market trend.
Recommendations :
Follow Sell Calls in negative market bias and v.v.
Sell Andhrabank sl 140 T 131
Sell Bajaj-Auto Bel 2181 sl 2198 T 2164 / 2143
Sell Drreddy Bel 1392 sl 1408 T 1374
Sell Federalbnk Bel 335 sl 341 T 327
Sell Glaxo sl 2045 T 2006
Sell Hindpetro Bel 362 sl 367 T 354
Sell Lupin Bel 1844 sl 1859 T 1825
Sell Jindalswhl Bel 1702 sl 1723 T 1681
Sell Tulip sl 944 T 916
Sell RIIL Bel 758 sl 764 T 745
Buy Aban Abv 709 sl 700 T 726
Buy Bhartiartl Abv 279 sl 275 T 285
Buy Hindalco Abv 150.5 sl 147.5 T 156
Buy Ranbaxy Abv 435 sl 431 T 445
Buy Suzlon sl 54 T 58
Buy Tatasteel Abv 490 sl 482 T 501 / 505 /518 Positional
Buy Abirlanuvo sl 738 T 774 Positional
Buy IOB sl 91 T 94
Stocks in News :
HUL board meet on June 11 to mull buyback
BWA Auction, Day 9:
All-India bid closes at Rs 8,980 crore
Govt revenue rises to Rs 26,940 crore
F&O cues:
Futures Open Int up Rs 709 crore
Options Open Int up Rs 1825 crore
Nifty Futures shed 2 lakh shares in Open Int
Nifty Futures at 16-point discount
Nifty Open Int PCR at 1.40 versus 1.35
Nifty Puts add 25 lk shrs, Call OI unchanged
Nifty 5100 Put adds 7 lakh shares in Open Int
Nifty 5000 Put adds 6.5 lakh shares in Open Int
Nifty 5400 Call adds 3.3 lakh shares in Open Int
Nifty 5300 Call adds 3 lakh shares in Open Int
Nifty 5200 Call sheds 5.6 lakh shares in Open Int
Stock Futures Open Int unchanged
FIIs in F&O on June 4
Net buy Rs 136 crore in Nifty Futures
Net buy Rs 1338 crore in Nifty Options
Net buy Rs 330 crore in Stock Futures
Market cues:
EGOM meet on fuel pricing today
Global markets melt after US jobs data
Euro slips below USD 1.20 for the first time in nearly 5 years
Govt Mandate
Listed cos to have 25% floating stock
FIIs were net buyers of USD 106 million in equities on June 3
NSE F&O Open Int was up Rs 2534 crore at Rs 1.19 lakh crore
As per provisional data of June 4, FIIs were net buyers of Rs 101 crore; DIIs were net sellers of Rs 127 crore in cash markets. FIIs were net buyers of Rs 1793 crore in F&O.
US markets tumbled Friday on U.S. jobs and as Hungary emerged as Europe's latest economic problem.
The Dow Jones Industrial Average fell 323.31 points, or 3.15%, to 9931.97, its lowest close since Feb. 8.The Nasdaq Composite dropped 83.86, or 3.64%, to 2219.17, its lowest close since May 26. It slid 1.68% this week.
The declines came after a government report that showed the U.S. economy added jobs in May at the fastest pace in a decade, but the gains were inflated by temporary government hiring for the 2010 Census and were not enough to bring unemployment down much. The gain in nonfarm payrolls was 431,000, weaker than the 515,000 increase economists had expected, and only 41,000 private-sector jobs were added. Meanwhile, investors grew increasingly concerned about Hungary's economy after a leading official in Hungary's ruling Fidesz party said Thursday that Hungary faces a Greek-like sovereign-debt problem.
Friday, June 4, 2010
4th June Morning Market Updates:
4th June Morning Market Updates:
Stocks that are in news today:
HUL board meet on June 11 to mull buyback
BWA Auction, Day 9:
All-India bid closes at Rs 8,980 crore
Govt revenue rises to Rs 26,940 crore
Ambani Bros
Ambani Brothers complete family real estate settlement
Have sorted out family real estate assets'
Settlement of realty assets was part of 2005 family MoU
2005 family real estate pact not fully implemented
Other stocks and sectors that are in news today:
No cartel, no stranglehold, says government on pharma MNC's local acquisitions
GCPL plans QIP to raise Rs 600 crore (BS)
JSW Steel to raise loan limit by Rs 10,000 crore (BS)
Rabobank to sell their 15.9% stake in Yes Bank (Mint)
Glenmark Pharma has deferred the planned IPO of its wholly generic arm Glenmark Generics Ltd (Mint)
Shree Renuka plans IPO for infrastructure projects unit (Mint)
Govt gives ONGC, OIL freedom to price gas (Mint)
JM Financial & Rand Mercant Bank ink an MoU to jointly provide M&A advisory services to corporates
F&O cues:
Futures Open Int up Rs 1147 crore
Options Open Int up Rs 3789 crore
Nifty Futures shed 2.7 lakh shares in Open Int
Nifty Futures at 14-point discount
Nifty Open Int PCR at 1.35 versus 1.30
Nifty Puts add 51 lakh shares in Open Int
Nifty Calls add 17 lakh shares in Open Int
Nifty 5000 Put adds 18 lakh shares in Open Int
Nifty 5100 Put adds 18 lakh shares in Open Int
Nifty 5200 Call adds 5.7 lakh shares in Open Int
Nifty 5300 Call adds 5.3 lakh shares in Open Int
Stock Futures add 1 cr shares in Open Int
FIIs in F&O on June 3
Net buy Rs 1782 crore in Nifty Futures
Net buy Rs 474 crore in Stock Futures
Market cues:
FIIs were net sellers of USD 27 million in equities on June 2
NSE F&O Open Int was up Rs 4937 crore at Rs 1.17 lakh crore
As per provisional data of June 3, FIIs were net buyers of Rs 406 crore; DIIs were net buyers of Rs 79 crore in cash markets. FIIs were net buyers of Rs 2,150 crore in F&O.
Us Markets:
US markets ended Thursday's session flat, but with a positive bias. Stocks eked out a gain after some late-session turbulence. Gains were led by technology stocks.
Energy rebounded from the bottom of the pack, while financials ended lower. Microsoft and Cisco were the Dow's best performers, while the biggest draggers were home depot, Dupont and JP Morgan.
In fact, JP Morgan ended lower following news that it had been fined around 49 million dollars by UK's financial services authority, for not protecting client money over a period of seven years. Other financials such as Bank of America, Morgan Stanley and Goldman Sachs also fell. And BP shares retreated after both Fitch and Moody's slashed their credit ratings on the company.
Dow Jones Industrial Average was up 0.06% or 5.74 points at 10255.28. Standard & Poor's 500 was up 0.41% or 4.45 points at 1102.83. Nasdaq Composite was up 0.96% or 21.96 points at 2303.03.
In economic data, the ISM reported its non-manufacturing index held steady at 55.4 in May. Meanwhile, factory orders rose 1.2% in April after a 1.7-percent gain in March.
Initial jobless claims dropped to 455,000 last week, though the number of people still receiving benefits rose unexpectedly.
And the private sector added 55,000 jobs in May, less than expected, according to a report from ADP. A separate report showed non-farm productivity slowed to a 2.8% annual rate in the first quarter, down from the initial estimate of 3.6% and the slowest pace in a year.
The dollar traded near a four-year high versus the euro before a report forecast to show that US payrolls grew the most in may since 1983, indicating the recovery is gaining traction.
Crude prices hit a three-week high after the US government data showed crude and gasoline stocks had fallen by far more than expected last week. Crude stockpiles fell about 1.9 million barrels and gasoline inventories saw a drop of 2.6 million barrels. Currently Nymex crude is trading around the USD 74 mark.
After a volatile session, base metals have managed to make small gains in Asian trade. Gold fell for a second day, hit by selling among investors looking for a possible surge in Friday's US payrolls data, curbing the need for safe-haven assets like gold.
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.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Stocks that are in news today:
HUL board meet on June 11 to mull buyback
BWA Auction, Day 9:
All-India bid closes at Rs 8,980 crore
Govt revenue rises to Rs 26,940 crore
Ambani Bros
Ambani Brothers complete family real estate settlement
Have sorted out family real estate assets'
Settlement of realty assets was part of 2005 family MoU
2005 family real estate pact not fully implemented
Other stocks and sectors that are in news today:
No cartel, no stranglehold, says government on pharma MNC's local acquisitions
GCPL plans QIP to raise Rs 600 crore (BS)
JSW Steel to raise loan limit by Rs 10,000 crore (BS)
Rabobank to sell their 15.9% stake in Yes Bank (Mint)
Glenmark Pharma has deferred the planned IPO of its wholly generic arm Glenmark Generics Ltd (Mint)
Shree Renuka plans IPO for infrastructure projects unit (Mint)
Govt gives ONGC, OIL freedom to price gas (Mint)
JM Financial & Rand Mercant Bank ink an MoU to jointly provide M&A advisory services to corporates
F&O cues:
Futures Open Int up Rs 1147 crore
Options Open Int up Rs 3789 crore
Nifty Futures shed 2.7 lakh shares in Open Int
Nifty Futures at 14-point discount
Nifty Open Int PCR at 1.35 versus 1.30
Nifty Puts add 51 lakh shares in Open Int
Nifty Calls add 17 lakh shares in Open Int
Nifty 5000 Put adds 18 lakh shares in Open Int
Nifty 5100 Put adds 18 lakh shares in Open Int
Nifty 5200 Call adds 5.7 lakh shares in Open Int
Nifty 5300 Call adds 5.3 lakh shares in Open Int
Stock Futures add 1 cr shares in Open Int
FIIs in F&O on June 3
Net buy Rs 1782 crore in Nifty Futures
Net buy Rs 474 crore in Stock Futures
Market cues:
FIIs were net sellers of USD 27 million in equities on June 2
NSE F&O Open Int was up Rs 4937 crore at Rs 1.17 lakh crore
As per provisional data of June 3, FIIs were net buyers of Rs 406 crore; DIIs were net buyers of Rs 79 crore in cash markets. FIIs were net buyers of Rs 2,150 crore in F&O.
Us Markets:
US markets ended Thursday's session flat, but with a positive bias. Stocks eked out a gain after some late-session turbulence. Gains were led by technology stocks.
Energy rebounded from the bottom of the pack, while financials ended lower. Microsoft and Cisco were the Dow's best performers, while the biggest draggers were home depot, Dupont and JP Morgan.
In fact, JP Morgan ended lower following news that it had been fined around 49 million dollars by UK's financial services authority, for not protecting client money over a period of seven years. Other financials such as Bank of America, Morgan Stanley and Goldman Sachs also fell. And BP shares retreated after both Fitch and Moody's slashed their credit ratings on the company.
Dow Jones Industrial Average was up 0.06% or 5.74 points at 10255.28. Standard & Poor's 500 was up 0.41% or 4.45 points at 1102.83. Nasdaq Composite was up 0.96% or 21.96 points at 2303.03.
In economic data, the ISM reported its non-manufacturing index held steady at 55.4 in May. Meanwhile, factory orders rose 1.2% in April after a 1.7-percent gain in March.
Initial jobless claims dropped to 455,000 last week, though the number of people still receiving benefits rose unexpectedly.
And the private sector added 55,000 jobs in May, less than expected, according to a report from ADP. A separate report showed non-farm productivity slowed to a 2.8% annual rate in the first quarter, down from the initial estimate of 3.6% and the slowest pace in a year.
The dollar traded near a four-year high versus the euro before a report forecast to show that US payrolls grew the most in may since 1983, indicating the recovery is gaining traction.
Crude prices hit a three-week high after the US government data showed crude and gasoline stocks had fallen by far more than expected last week. Crude stockpiles fell about 1.9 million barrels and gasoline inventories saw a drop of 2.6 million barrels. Currently Nymex crude is trading around the USD 74 mark.
After a volatile session, base metals have managed to make small gains in Asian trade. Gold fell for a second day, hit by selling among investors looking for a possible surge in Friday's US payrolls data, curbing the need for safe-haven assets like gold.
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.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Thursday, June 3, 2010
03 June 2010 Closing Market Updates
03 June 2010 Closing Market Updates 15:32
Heavy weights lifted the market to close strongly.Nifty closed above 5100 mark at 5106.65, up 86.80 points. Sensex closed at 17018.27, up 276.43 points. All sectors gained today.Bankex gained the most by 1.99%. Rcom gained 6.33% the most in Nifty50 stocks and closed at 164.65.Herohonda was the only loser in broadbased Nifty50.Advance/Decline ratio was positive to nearly 3:1 as 981 stocks gained today and 323 declined today on NSE.
Heavy weights lifted the market to close strongly.Nifty closed above 5100 mark at 5106.65, up 86.80 points. Sensex closed at 17018.27, up 276.43 points. All sectors gained today.Bankex gained the most by 1.99%. Rcom gained 6.33% the most in Nifty50 stocks and closed at 164.65.Herohonda was the only loser in broadbased Nifty50.Advance/Decline ratio was positive to nearly 3:1 as 981 stocks gained today and 323 declined today on NSE.
Wednesday, June 2, 2010
2 June 2010 Closing Market Updates
2 June 2010 Closing Market Updates 15:31
A positive start in the market continued to close the cues in positive instead of negative global markets.
Ni
A positive start in the market continued to close the cues in positive instead of negative global markets.
Ni
2nd June Morning Market Updates:
2nd June Morning Market Updates:
Stocks that are in news today:
Tata Motors May Sales (YoY)
May domestic sales at 52,801 units versus 38,392 units
May total exports at 3,978 units versus 1,804 units
Total sales up 41% at 56779 versus 40196 units
Kingfisher Airlines
Kingfisher Airlines looking to raise at least USD 250 million by end of Q2
GDR, rights issue, combination of both being considered
KFA in process of cleaning up balance sheet
KFA has written of Rs 650 crore of exceptional items
Exceptional items largely debt of erstwhile Deccan
Cement sales
JP Associates May cement sales up 63% at 1.32 mt versus 0.8 mt
AV Birla Group May cement sales at 3.35 mt, up 5.59% YoY
Shree Cement May cement sales up 15.1% at 8.46 lakh tonne (YoY)
RIL
RIL not to sign GSPA till govt allocates gas to ADAG
RIL, RNRL may first sign GSMA
RIL-RNRL GSMA will be subject to govt approval
Other stocks and sectors that are in news today:
Jayaswal Neco board approves demerger of steel business of Corporate Ispat Alloys and its merger with self; to issue 3 shares of company to every 2 of CIAL
GVK Power bags highway project worth Rs 850 crore
Yogesh Munjal who holds 29% stake in Hero Honda likely to quit Hero for Showa (ET)
MIDC plans JV with GAIL for gas distribution would tap Gail's trunk pipeline between Tarapur in Mumbai & Dabhol in Ratnagiri (ET)
Bank of Ireland shortlists IBM, HCL for USD 600 million outsourcing deal (ET)
Axis Bank lowers deposit rates by 25-50 basis points (BS)
REC aims to raise USD 70 million through an offshore loan by July to finance projects (Mint)
F&O cues:
Futures Open Int up Rs 773 crore
Options Open Int up Rs 4196 crore
Nifty Futures add 23 lakh shares in Open Int
Nifty Futures at 26-point discount
Nifty Open Int PCR at 1.25 versus 1.23
Nifty IVs high at 28-30%, VIX up 9% at 29.08
Nifty Puts add 48 lakh shares in Open Int
Nifty Calls add 29 lakh shares in Open Int
Nifty 4300 Put adds 11 lakh shares in Open Int
Nifty 4400 Put adds 10 lakh shares in Open Int
Nifty 5000 Call adds 8.8 lakh shares in Open Int
Stock Futures add 0.44 cr shares in Open Int
FIIs in F&O on June 1
Net sell Rs 902 crore in Nifty Futures
Net buy Rs 1388 crore in Nifty Options
Market cues:
US markets ended weak
Europe recovered most of the losses
Asian markets open on a mixed note
FIIs were net buyers of USD 172.4 million in equities on May 31
NSE F&O Open Int was up Rs 4969 crore at Rs 1.07 lakh crore
As per provisional data of June 1, FIIs were net sellers of Rs 526 crore, while DIIs were net buyers of Rs 211 crore in cash markets. FIIs were net buyers of Rs 426 crore in F&O.
US Markets:
In the US markets, the Dow shed more than 100 points after a late selloff in trade. After an extended weekend, markets opened trade on a weak note dragged down by worries about the state of finances in Europe and concerns about global growth with weaker-than-expected monthly manufacturing data from China. However, the market chose to ignore some positive economic data in the form of the manufacturing and construction activity.
Energy stocks were among the biggest decliners after BP's latest effort to cap the gulf oil spill failed, prompting worries about future profits in the sector. US -traded shares of BP fell 15%. Meanwhile, Alcoa was the biggest drag on the Dow.
Trading volume too was slightly more than average, with 1.4 billion shares changing hands on the New York Stock Exchange. Decliners outpaced advancers, nearly 4 to 1.
At closing bell, the Dow closed 112 points lower at 10,024, the S&P 500 shuts shop nearly 2% down at 1,070. While the Nasdaq closed 35 points down at 2,222.
In economic data, the ISM reported its manufacturing index dropped to 59.7 in May from 60.4 in April, but remained in growth mode for a 10th straight month and beat expectations.
A separate report showed construction activity rose the most in nearly a decade. Construction rose 2.7% in April and the prior month was revised upward to a 0.4-percent increase from 0.2%.
In the forex market, the euro has recovered from a four-year low, but continues to trade around the 1.22 mark on signs that the euro zone's debt crisis is spreading to its banking system.
In commodities, crude prices fell nearly 2% in choppy trade as the euro slid and Chinese and european data raised concerns about the global economy. BP's failure to halt the flow of oil from its damaged well in the gulf of Mexico also was a key dampener for crude. Currently it is trading at USD 72.83 per barrel.
In base metals, copper fell to a one-week low on concern that demand will slow in China. Other metals like nickel and aluminium also are trading weak.
In precious metals, gold prices rose to a two week high on increased investor demand
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.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
For Nifty Levels, Intraday calls and Positional calls please call +919975060000
Stocks that are in news today:
Tata Motors May Sales (YoY)
May domestic sales at 52,801 units versus 38,392 units
May total exports at 3,978 units versus 1,804 units
Total sales up 41% at 56779 versus 40196 units
Kingfisher Airlines
Kingfisher Airlines looking to raise at least USD 250 million by end of Q2
GDR, rights issue, combination of both being considered
KFA in process of cleaning up balance sheet
KFA has written of Rs 650 crore of exceptional items
Exceptional items largely debt of erstwhile Deccan
Cement sales
JP Associates May cement sales up 63% at 1.32 mt versus 0.8 mt
AV Birla Group May cement sales at 3.35 mt, up 5.59% YoY
Shree Cement May cement sales up 15.1% at 8.46 lakh tonne (YoY)
RIL
RIL not to sign GSPA till govt allocates gas to ADAG
RIL, RNRL may first sign GSMA
RIL-RNRL GSMA will be subject to govt approval
Other stocks and sectors that are in news today:
Jayaswal Neco board approves demerger of steel business of Corporate Ispat Alloys and its merger with self; to issue 3 shares of company to every 2 of CIAL
GVK Power bags highway project worth Rs 850 crore
Yogesh Munjal who holds 29% stake in Hero Honda likely to quit Hero for Showa (ET)
MIDC plans JV with GAIL for gas distribution would tap Gail's trunk pipeline between Tarapur in Mumbai & Dabhol in Ratnagiri (ET)
Bank of Ireland shortlists IBM, HCL for USD 600 million outsourcing deal (ET)
Axis Bank lowers deposit rates by 25-50 basis points (BS)
REC aims to raise USD 70 million through an offshore loan by July to finance projects (Mint)
F&O cues:
Futures Open Int up Rs 773 crore
Options Open Int up Rs 4196 crore
Nifty Futures add 23 lakh shares in Open Int
Nifty Futures at 26-point discount
Nifty Open Int PCR at 1.25 versus 1.23
Nifty IVs high at 28-30%, VIX up 9% at 29.08
Nifty Puts add 48 lakh shares in Open Int
Nifty Calls add 29 lakh shares in Open Int
Nifty 4300 Put adds 11 lakh shares in Open Int
Nifty 4400 Put adds 10 lakh shares in Open Int
Nifty 5000 Call adds 8.8 lakh shares in Open Int
Stock Futures add 0.44 cr shares in Open Int
FIIs in F&O on June 1
Net sell Rs 902 crore in Nifty Futures
Net buy Rs 1388 crore in Nifty Options
Market cues:
US markets ended weak
Europe recovered most of the losses
Asian markets open on a mixed note
FIIs were net buyers of USD 172.4 million in equities on May 31
NSE F&O Open Int was up Rs 4969 crore at Rs 1.07 lakh crore
As per provisional data of June 1, FIIs were net sellers of Rs 526 crore, while DIIs were net buyers of Rs 211 crore in cash markets. FIIs were net buyers of Rs 426 crore in F&O.
US Markets:
In the US markets, the Dow shed more than 100 points after a late selloff in trade. After an extended weekend, markets opened trade on a weak note dragged down by worries about the state of finances in Europe and concerns about global growth with weaker-than-expected monthly manufacturing data from China. However, the market chose to ignore some positive economic data in the form of the manufacturing and construction activity.
Energy stocks were among the biggest decliners after BP's latest effort to cap the gulf oil spill failed, prompting worries about future profits in the sector. US -traded shares of BP fell 15%. Meanwhile, Alcoa was the biggest drag on the Dow.
Trading volume too was slightly more than average, with 1.4 billion shares changing hands on the New York Stock Exchange. Decliners outpaced advancers, nearly 4 to 1.
At closing bell, the Dow closed 112 points lower at 10,024, the S&P 500 shuts shop nearly 2% down at 1,070. While the Nasdaq closed 35 points down at 2,222.
In economic data, the ISM reported its manufacturing index dropped to 59.7 in May from 60.4 in April, but remained in growth mode for a 10th straight month and beat expectations.
A separate report showed construction activity rose the most in nearly a decade. Construction rose 2.7% in April and the prior month was revised upward to a 0.4-percent increase from 0.2%.
In the forex market, the euro has recovered from a four-year low, but continues to trade around the 1.22 mark on signs that the euro zone's debt crisis is spreading to its banking system.
In commodities, crude prices fell nearly 2% in choppy trade as the euro slid and Chinese and european data raised concerns about the global economy. BP's failure to halt the flow of oil from its damaged well in the gulf of Mexico also was a key dampener for crude. Currently it is trading at USD 72.83 per barrel.
In base metals, copper fell to a one-week low on concern that demand will slow in China. Other metals like nickel and aluminium also are trading weak.
In precious metals, gold prices rose to a two week high on increased investor demand
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.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
For Nifty Levels, Intraday calls and Positional calls please call +919975060000
Tuesday, June 1, 2010
1 June 2010 Closing market Updates
1 June 2010 Closing market Updates 15:31
Market opened negative and continued to close in the negative territory itself.The market mover,Reliance Industries made a fake low of 840.55 on BSE from 1028 as a British Petroleum shares in UK slumped to 14% down and on a 18 years low because BP'S 5 year credit default swap widened by 71 BPS TO 173 BPS so punters thought of panic in Reliance Industries.May the market authorities find the authentic reason.In this turmoil, Nifty closed at 4964.45, down by 121.85 points while Sensex ended 400.25 points at 16544.38.
All the sectoral indices closed in red.Metal and Realty Index were the worst hit today, down by 3.97% and 3.26% respectively.
JP Associates was the top loser in Nifty50 stocks by 5.62% and closed at 117.60 while Maruti was the top gainer by 1.71% to close at 1258.05.
Market breadth was negative as 953 stocks declined and 342 stocks gained today on NSE.
For latest Market News & recommendations, call on +919960779955
Market opened negative and continued to close in the negative territory itself.The market mover,Reliance Industries made a fake low of 840.55 on BSE from 1028 as a British Petroleum shares in UK slumped to 14% down and on a 18 years low because BP'S 5 year credit default swap widened by 71 BPS TO 173 BPS so punters thought of panic in Reliance Industries.May the market authorities find the authentic reason.In this turmoil, Nifty closed at 4964.45, down by 121.85 points while Sensex ended 400.25 points at 16544.38.
All the sectoral indices closed in red.Metal and Realty Index were the worst hit today, down by 3.97% and 3.26% respectively.
JP Associates was the top loser in Nifty50 stocks by 5.62% and closed at 117.60 while Maruti was the top gainer by 1.71% to close at 1258.05.
Market breadth was negative as 953 stocks declined and 342 stocks gained today on NSE.
For latest Market News & recommendations, call on +919960779955
1st June 2010 Morning Market Updates
1st June Morning Market Updates:
Stocks that are in news today:
Axis Bank
Axis Bank could be looking at merging Karnataka Bank with self
Alert: Axis Bank owns 1.19% stake in Karnataka Bank
Alert: Axis Bank denies reports about Karnataka Bank merger
MTNL - Sources
MTNL raises Rs 2,500 crore from Axis Bank at less than 7%
MTNL makes payment of Rs 6,500 crore for 3G spectrum
MTNL plans to repay loans by end of the year
Unitech - Sources
Unitech & Omkar to end JV for real estate development in Mumbai
Unitech Says
Company & Omkar were to develop 2 m sq ft in Mumbai
To continue ongoing projects with Omkar across 1 m sq ft
Not an end of relationship with Omkar
Religare Says
Estimate max impact on Unitech at 8% to current price, 5% to NAV
Bank of Rajasthan: Sources
RBI writes to BoR, asks board to keep out of merger process
RBI wants BoR management to handle merger without board intervention
Letter could probably be to limit BoR promoters' influence
BoR had formed board-level committee for merger process
Alert: BoR board has 2 members from Tayal family, 2 from RBI
F&O cues:
Futures Open Int up Rs 862 crore
Options Open Int up Rs 3147 crore
Nifty Futures add 3 lakh shares in Open Int
Nifty Futures at 30-point discount
Nifty Open Int PCR at 1.23 versus 1.20
Nifty Puts add 35 lakh shares in Open Int
Nifty Calls add 17 lakh shares in Open Int
Nifty 5000 Put adds 10 lakh shares in Open Int
Nifty 4900 Put adds 6 lakh shares in Open Int
Nifty 4800 Put adds 6 lakh shares in Open Int
Nifty 5200 Call adds 4.7 lakh shares in Open Int
Nifty 5300 Call adds 4.4 lakh shares in Open Int
Stock Futures add 3.5 crore shares in Open Int
FIIs in F&O on May 31
Net sell Rs 387 crore in Nifty Futures
Net buy Rs 1294 crore in Nifty Options
Net buy Rs 182 crore in Stock Futures
Market cues:
FIIs were net buyers of USD 103.9 million in equities May 28
NSE F&O Open Int was up by Rs 4009 crore at Rs 1.02 lakh crore
As per provisional data of May 31, FIIs were net buyers of Rs 587 crore; DIIs were net sellers of Rs 78 crore in cash markets. FIIs were net buyers of Rs 1031 crore in F&O.
European equities closed higher on Monday, led by shares of German exporters, but a downgrade of Spain's credit rating weighed on Madrid-listed stocks, with Banco Santander and BBVA losing ground.
The FTSEurofirst 300 index of top European shares unofficially closed the holiday-thin session up 0.3%, at 1,000.55 points, capping off its worst month since February 2009. The index shed 5.8% in May, hit by intensifying fears that a sovereign debt crisis in the euro zone could derail the global economic recovery.
"The fact that European stocks are not selling off today on the downgrade of Spain is a positive signal. It means that the sovereign debt risks have now been priced in," said Pierre Sabatier, president and head of strategy at PrimeView in Paris.
Fitch Ratings downgraded Spain's debt rating by one notch to AA-plus with a stable outlook after European markets closed on Friday.
Madrid's benchmark IBEX lost 0.8% on Monday, with Santander falling 0.9% and BBVA dropping 1.2%.
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.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Stocks that are in news today:
Axis Bank
Axis Bank could be looking at merging Karnataka Bank with self
Alert: Axis Bank owns 1.19% stake in Karnataka Bank
Alert: Axis Bank denies reports about Karnataka Bank merger
MTNL - Sources
MTNL raises Rs 2,500 crore from Axis Bank at less than 7%
MTNL makes payment of Rs 6,500 crore for 3G spectrum
MTNL plans to repay loans by end of the year
Unitech - Sources
Unitech & Omkar to end JV for real estate development in Mumbai
Unitech Says
Company & Omkar were to develop 2 m sq ft in Mumbai
To continue ongoing projects with Omkar across 1 m sq ft
Not an end of relationship with Omkar
Religare Says
Estimate max impact on Unitech at 8% to current price, 5% to NAV
Bank of Rajasthan: Sources
RBI writes to BoR, asks board to keep out of merger process
RBI wants BoR management to handle merger without board intervention
Letter could probably be to limit BoR promoters' influence
BoR had formed board-level committee for merger process
Alert: BoR board has 2 members from Tayal family, 2 from RBI
F&O cues:
Futures Open Int up Rs 862 crore
Options Open Int up Rs 3147 crore
Nifty Futures add 3 lakh shares in Open Int
Nifty Futures at 30-point discount
Nifty Open Int PCR at 1.23 versus 1.20
Nifty Puts add 35 lakh shares in Open Int
Nifty Calls add 17 lakh shares in Open Int
Nifty 5000 Put adds 10 lakh shares in Open Int
Nifty 4900 Put adds 6 lakh shares in Open Int
Nifty 4800 Put adds 6 lakh shares in Open Int
Nifty 5200 Call adds 4.7 lakh shares in Open Int
Nifty 5300 Call adds 4.4 lakh shares in Open Int
Stock Futures add 3.5 crore shares in Open Int
FIIs in F&O on May 31
Net sell Rs 387 crore in Nifty Futures
Net buy Rs 1294 crore in Nifty Options
Net buy Rs 182 crore in Stock Futures
Market cues:
FIIs were net buyers of USD 103.9 million in equities May 28
NSE F&O Open Int was up by Rs 4009 crore at Rs 1.02 lakh crore
As per provisional data of May 31, FIIs were net buyers of Rs 587 crore; DIIs were net sellers of Rs 78 crore in cash markets. FIIs were net buyers of Rs 1031 crore in F&O.
European equities closed higher on Monday, led by shares of German exporters, but a downgrade of Spain's credit rating weighed on Madrid-listed stocks, with Banco Santander and BBVA losing ground.
The FTSEurofirst 300 index of top European shares unofficially closed the holiday-thin session up 0.3%, at 1,000.55 points, capping off its worst month since February 2009. The index shed 5.8% in May, hit by intensifying fears that a sovereign debt crisis in the euro zone could derail the global economic recovery.
"The fact that European stocks are not selling off today on the downgrade of Spain is a positive signal. It means that the sovereign debt risks have now been priced in," said Pierre Sabatier, president and head of strategy at PrimeView in Paris.
Fitch Ratings downgraded Spain's debt rating by one notch to AA-plus with a stable outlook after European markets closed on Friday.
Madrid's benchmark IBEX lost 0.8% on Monday, with Santander falling 0.9% and BBVA dropping 1.2%.
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