17 Jun 2010 Closing Market Upates 15:31
Market closed with a positive note consecutively on the sixth day as food inflation declined to 16.12% for the week ended June 5,against 16.74% as prices of fruits and vegetables, and tea softened.
Nifty closed at 5274.15, just below its resistance of 5280.Nifty closed with 40.80 points of gain while Sensex gained 157.84 points and closed at 17620.71.
Among the BSE Sectoral Indices, Capital Goods Index rose the most by 1.95% while Consumer Durables Index was the only loser by 0.24%
L&T was the top gainer by 3.44% and ended at 1780.45 while Herohonda lost the maximum among the Nifty50 stocks and ended at 1982.60.
Advance decline ratio was flat as 687 stocks gained and 608 stocks declined today on NSE.
Sugar Stocks were the active today as decision on sugar import duty will be taken by month end.
Food Inflation :
Week-on-week, prices of fruits and vegetables fell by six per cent and tea became cheaper by two per cent during the week under review. Fruits cost 14 per cent less. However, prices of urad rose six per cent and that of maize, bajra and gram inched up by one per cent each.
When compared to the same period a year ago, prices of potato fell 35 per cent and that of onion by 17.80 per cent. Pulses, however, became costlier by 34 per cent and milk by 21 per cent.
High food inflation is primarily driving overall inflation up, and it entered double digits (10.16 per cent) in May, according to provisional figures.Also, final figures for March showed that inflation was 11.04 per cent from 9.9 per cent projected earlier.
Prices of edibles had started rising last year and peaked to over 20 per cent in December 2009 after food production was hit by poor monsoon that accounts for 80 per cent of the annual rains the country receives.
Nearly 60 per cent of area under cultivation is rain fed.
The weather office has predicted near normal monsoon this year, although it has been slow to advance since hitting the Indian coast in late May.
EGoM meeting on fuel pricing likely on Today :
An Empowered Group of Ministers (EGoM) may meet on June 17 to consider freeing petrol prices from government control and possibly giving limited autonomy to oil firms to price diesel closer to market rates.
Also on the cards is a Rs 25 per cylinder hike in domestic cooking gas (LPG) rates in an effort to align retail prices closer to their cost, sources in know of the development said.
The EGoM headed by Finance Minister Pranab Mukherjee may decide to free petrol price from government control for the first time since 2004, when the UPA in its first stint decided to price auto fuels below their imported cost to keep inflation under check.
This move, going up by the current international crude rates, will result in a Rs 3.35 per litre increase in price of petrol in Delhi, sources said.
The EGoM, which could not reach a decision at its first meeting on June 7 as key ministers like Railway Minister Mamata Banerjee and Agriculture Minister Sharad Pawar were absent, may also decide to give oil companies freedom to price diesel if international oil price stayed below USD 90 per barrel.
If approved, diesel rates would immediately rise by Rs 3.49 per litre as current retailing selling price is calculated on USD 60 per barrel-level of crude oil prices while the actual rate is USD 72 per barrel now, they said.
If the crude climbs to USD 90 per barrel, diesel price in Delhi would rise by over Rs 7 per liter over the current selling price of Rs 38.10 a litre.Petrol in Delhi currently costs Rs 47.93 per litre.The government would step in if crude oil crosses USD 90 per barrel and prices would be moderated either through cut in excise and customs duty or through subsidy from exchequer.
Sources said there may not be any problem in freeing pricing of petrol, which is considered a fuel used by the well-off, there were doubts on diesel which is used in transport sector and thus has inflationary impact.
If consensus at the EGoM is against even giving limited freedom to oil companies, then the government may settle for a Rs 2 per litre hike and try to build consensus for freeing the fuel around Budget time in 2011.
Banerjee, who was away in Kolkata at the time of the first EGoM meeting, had communicated that her party, the Trinamool Congress, was against "any steep hike" in diesel prices and wanted domestic LPG and kerosene consumers to be spared, the source said.
Pawar, not known for blocking reforms, could not attend the meeting because of illness, while DMK leader and Chemicals and Fertilizer Minister M K Alagiri was present. The EGoM had at the first meeting gone into the report of the expert group headed by Kirit Parikh that called for freeing petrol and diesel prices and a steep Rs 100 per cylinder hike in LPG rates and a Rs 6 per litre increase in kerosene prices.
Oil ministry made a presentation on the impact of the Parikh Committee's recommendation, projecting a revenue loss of Rs 72,300 crore to state oil firms if petrol, diesel, domestic LPG and kerosene continue to be sold at rates below the imported cost.
The EGoM also discussed the impact implementing the Committee's report would have on inflation, sources said, adding that freeing auto fuel prices would lead to a 1.4 per cent rise in the Wholesale Price Index (WPI).In April, WPI-based inflation was 9.59 per cent.
State-owned Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum currently lose Rs 203 crore per day on selling fuel below imported cost. They currently sell petrol at a loss of Rs 3.35 a litre, while the under-recovery is Rs 3.49 per litre of diesel, Rs 18.82 per litre of PDS kerosene and Rs 261.90 on every 14.2-kg LPG cylinder.
Thursday, June 17, 2010
17 June 2010 Intraday Calls
17 June 2010 Morning Market Updates 08:55
Intraday Calls :
Follow Buy Calls in Positive Market Bias and v.v.
Buy Aban sl 702 T 723
Buy BPCL Abv 539 sl 531 close T 551
Buy DLF Abv 280 sl 276 T 286
Buy HDFCBank sl 1968 T 1985 / 1992
Buy ICICIBank sl 867 T 890
Buy JPAssociat sl 124 T 129
Buy Adanient Abv 553 sl 535 T 580 Positional
Buy Glenmark sl 266 T 274
Buy GMRInfra Abv 57 sl 56 T 58.5
Buy Ibrealest Abv 153 sl 150 T 159
Buy Sesagoa Abv 360 sl 354 T 372
Sell Abb sl 873 T 848
Sell Acc sl 868 T 857
Sell Ambujacem Bel 115 sl 116 T 113
Sell Axisbank sl 1230 T 1218
Sell Herohonda Bel 2005 sl 2022 T 1982
Sell Hindunilvr Bel 254 sl 256.5 T 251.5
Sell IDFC Bel 160.5 sl 163 T 158
Book profits Rcom Ref.28/05
Sell Sail sl 199 T 195.5
Sell Sunpharma Bel 1684 sl 1695 T 1664
Sell Abirlanuvo sl 785 T 755 Positional
Sell PFC sl 295 T 290
Intraday Calls :
Follow Buy Calls in Positive Market Bias and v.v.
Buy Aban sl 702 T 723
Buy BPCL Abv 539 sl 531 close T 551
Buy DLF Abv 280 sl 276 T 286
Buy HDFCBank sl 1968 T 1985 / 1992
Buy ICICIBank sl 867 T 890
Buy JPAssociat sl 124 T 129
Buy Adanient Abv 553 sl 535 T 580 Positional
Buy Glenmark sl 266 T 274
Buy GMRInfra Abv 57 sl 56 T 58.5
Buy Ibrealest Abv 153 sl 150 T 159
Buy Sesagoa Abv 360 sl 354 T 372
Sell Abb sl 873 T 848
Sell Acc sl 868 T 857
Sell Ambujacem Bel 115 sl 116 T 113
Sell Axisbank sl 1230 T 1218
Sell Herohonda Bel 2005 sl 2022 T 1982
Sell Hindunilvr Bel 254 sl 256.5 T 251.5
Sell IDFC Bel 160.5 sl 163 T 158
Book profits Rcom Ref.28/05
Sell Sail sl 199 T 195.5
Sell Sunpharma Bel 1684 sl 1695 T 1664
Sell Abirlanuvo sl 785 T 755 Positional
Sell PFC sl 295 T 290
Wednesday, June 16, 2010
16 Jun 2010 Closing Market Updates
16 Jun 2010 Closing Market Updates 15:31
Market rose today for the consecutively for 5th day.Nifty closed at 5228.15 with 5.8 points of gain while Sensex closed at 17441.23 and closed with 28.40 points.
On BSE, Auto Index rose the most by 1.34% while PSU index closed down with 0.84%.
In Nifty50 stocks, M&M gained the most by 4.45% to end at 635.20 and Sail was the top loser with 2.06% slide and ended at 197.25.
Market breadth was slightly negative as 643 stocks gained and 647 stocks declined today on NSE.
Market rose today for the consecutively for 5th day.Nifty closed at 5228.15 with 5.8 points of gain while Sensex closed at 17441.23 and closed with 28.40 points.
On BSE, Auto Index rose the most by 1.34% while PSU index closed down with 0.84%.
In Nifty50 stocks, M&M gained the most by 4.45% to end at 635.20 and Sail was the top loser with 2.06% slide and ended at 197.25.
Market breadth was slightly negative as 643 stocks gained and 647 stocks declined today on NSE.
16 Jun 2010 Morning Market Updates
16 Jun 2010 Morning Market Updates 08:50
Today also market will open with a positive note.Nifty may touch its resistance of 5280.Higher advance tax numbers and satisfactorily arrival of Monsoon will cherish the sentiment.The question ahead is the EGoM meet which will be held tomorrow.
Stocks in News :
Direct Tax Code
-MAT to be computed with reference to book profit
-Perquisites to be taxed as per existing law
Cipla
-To acquire stake in 2 biotech companies
-To acquire 40% stake in Indian biotech co
-To acquire 25% stake in Hong Kong-based biotech co
-Total investment of USD 65 million for both acquisitions
Tata Motors
-May global sales at 79,819 units, up 50% (YoY)
-May JLR sales at 19,053 units, up 72% (YoY)
Cairn India
-Starts delivering crude via pipeline from Rajasthan
-Rajasthan block crude current output at 60,000 bbl/day
-Rajasthan crude sales seen to up to 1.25 lakh bbl/day in H2
-In pact with 4 buyers to sell 1.43 lakh bbl/day crude
Ex-Dates
-Sadbhav Engineering: Ex rights in ratio of 1:20 & 3 warrants for 1 share ((@ Rs.725/shr))
-Jayshree Tea & Industries : Ex-Dividend @ Rs.6/share
-Binani cement : Ex-Dividend @ Rs.3.5/share
-Gammon Infra: Enters a MOU for an acquisition of an entity which has 250MW
-Aban Offshore to restart drilling in Venezuela soon.
-Reliance Infra seeks FIPB node to raise money abroad.
-Emami close to acquiring a co in Egypt – BS
-Binani Cement buy back at Rs 90/sh
Q1 advance tax numbers: from sources (cr - crore, vs - versus)
-Bharti pays Rs 179 cr vs Rs 100 cr (YoY)
-Ranbaxy pays Rs 17.5 cr vs Rs 15 cr (YoY)
-BHEL pays Rs 400 cr vs Rs 320 cr (YoY)
-Oriental Bank pays Rs 140 cr vs Rs 70 cr (YoY)
-Hero Honda pays Rs 75.7 cr vs Rs 64.6 cr (YoY)
-NTPC pays Rs 280 cr vs Rs 276 cr (YoY)
-Nestle India pays Rs 44 cr vs Rs 37.5 cr (YoY)
-PFC pays Rs 127 cr vs Rs 110 cr (YoY)
-REC pays Rs 128 cr vs Rs 88 cr (YoY
-Tata Motors pays Rs 65 cr vs Rs 30 cr (YoY)
-Tata Steel pays Rs 300 cr vs Rs 230 cr (YoY)
-Tata Power pays Rs 36.2 cr vs Rs 21 cr (YoY)
-IndusInd Bank pays Rs 40 cr vs Rs 20 cr (YoY)
-M&M pays Rs 63 cr vs Rs 17.5 cr (YoY)
-Indian Hotels pays Rs 7 cr vs Rs 8 cr (YoY)
-L&T pays Rs 130 cr vs Rs 110 cr (YoY)
-Tata Chemicals pays Rs 29 cr vs Rs 26 cr (YoY)
-UltraTech Cement pays Rs 22 cr vs Rs 45 cr (YoY)
-Dena Bank pays Rs 45 cr vs Rs 35 cr (YoY)
-BPCL pays Rs 126 cr vs Rs 40 cr (YoY)
-Bank Of India pays Rs 158 cr vs Rs 231 cr (YoY)
-Reliance Power pays Rs 3 cr vs Rs 4 cr (YoY)
-Reliance Capital pays Rs 2 cr vs Rs 10 cr (YoY)
F&O cues:
Futures Open Int up Rs 885 crore
Options Open Int up Rs 2020 crore
Nifty June Futures shed 5 lakh shares in Open Int
Nifty July Futures add 5 lakh shares in Open Int
Nifty June at 12-point premium
Nifty July at 7-point premium
Nifty Open Int PCR at 1.53 versus 1.47
Nifty Puts add 34 lakh shares in Open Int
Nifty Calls shed 4.5 lakh shares in Open Int
Nifty 5200 Put adds 17.6 lakh shares in Open Int
Nifty 5100 Put adds 10 lakh shares in Open Int
Nifty 5400 Call adds 2.5 lakh shares in Open Int
Nifty 5100 Call sheds 4.3 lakh shares in Open Int
FIIs in F&O on June 15
Net buy Rs 623 crore in Nifty futures, Open Int up 4,809 contracts
Net sell Rs 236 crore in Nifty options, Open Int up 2,920 contracts
Net sell Rs 334 crore in Stock futures, Open Int up 12,585 contracts
Today also market will open with a positive note.Nifty may touch its resistance of 5280.Higher advance tax numbers and satisfactorily arrival of Monsoon will cherish the sentiment.The question ahead is the EGoM meet which will be held tomorrow.
Stocks in News :
Direct Tax Code
-MAT to be computed with reference to book profit
-Perquisites to be taxed as per existing law
Cipla
-To acquire stake in 2 biotech companies
-To acquire 40% stake in Indian biotech co
-To acquire 25% stake in Hong Kong-based biotech co
-Total investment of USD 65 million for both acquisitions
Tata Motors
-May global sales at 79,819 units, up 50% (YoY)
-May JLR sales at 19,053 units, up 72% (YoY)
Cairn India
-Starts delivering crude via pipeline from Rajasthan
-Rajasthan block crude current output at 60,000 bbl/day
-Rajasthan crude sales seen to up to 1.25 lakh bbl/day in H2
-In pact with 4 buyers to sell 1.43 lakh bbl/day crude
Ex-Dates
-Sadbhav Engineering: Ex rights in ratio of 1:20 & 3 warrants for 1 share ((@ Rs.725/shr))
-Jayshree Tea & Industries : Ex-Dividend @ Rs.6/share
-Binani cement : Ex-Dividend @ Rs.3.5/share
-Gammon Infra: Enters a MOU for an acquisition of an entity which has 250MW
-Aban Offshore to restart drilling in Venezuela soon.
-Reliance Infra seeks FIPB node to raise money abroad.
-Emami close to acquiring a co in Egypt – BS
-Binani Cement buy back at Rs 90/sh
Q1 advance tax numbers: from sources (cr - crore, vs - versus)
-Bharti pays Rs 179 cr vs Rs 100 cr (YoY)
-Ranbaxy pays Rs 17.5 cr vs Rs 15 cr (YoY)
-BHEL pays Rs 400 cr vs Rs 320 cr (YoY)
-Oriental Bank pays Rs 140 cr vs Rs 70 cr (YoY)
-Hero Honda pays Rs 75.7 cr vs Rs 64.6 cr (YoY)
-NTPC pays Rs 280 cr vs Rs 276 cr (YoY)
-Nestle India pays Rs 44 cr vs Rs 37.5 cr (YoY)
-PFC pays Rs 127 cr vs Rs 110 cr (YoY)
-REC pays Rs 128 cr vs Rs 88 cr (YoY
-Tata Motors pays Rs 65 cr vs Rs 30 cr (YoY)
-Tata Steel pays Rs 300 cr vs Rs 230 cr (YoY)
-Tata Power pays Rs 36.2 cr vs Rs 21 cr (YoY)
-IndusInd Bank pays Rs 40 cr vs Rs 20 cr (YoY)
-M&M pays Rs 63 cr vs Rs 17.5 cr (YoY)
-Indian Hotels pays Rs 7 cr vs Rs 8 cr (YoY)
-L&T pays Rs 130 cr vs Rs 110 cr (YoY)
-Tata Chemicals pays Rs 29 cr vs Rs 26 cr (YoY)
-UltraTech Cement pays Rs 22 cr vs Rs 45 cr (YoY)
-Dena Bank pays Rs 45 cr vs Rs 35 cr (YoY)
-BPCL pays Rs 126 cr vs Rs 40 cr (YoY)
-Bank Of India pays Rs 158 cr vs Rs 231 cr (YoY)
-Reliance Power pays Rs 3 cr vs Rs 4 cr (YoY)
-Reliance Capital pays Rs 2 cr vs Rs 10 cr (YoY)
F&O cues:
Futures Open Int up Rs 885 crore
Options Open Int up Rs 2020 crore
Nifty June Futures shed 5 lakh shares in Open Int
Nifty July Futures add 5 lakh shares in Open Int
Nifty June at 12-point premium
Nifty July at 7-point premium
Nifty Open Int PCR at 1.53 versus 1.47
Nifty Puts add 34 lakh shares in Open Int
Nifty Calls shed 4.5 lakh shares in Open Int
Nifty 5200 Put adds 17.6 lakh shares in Open Int
Nifty 5100 Put adds 10 lakh shares in Open Int
Nifty 5400 Call adds 2.5 lakh shares in Open Int
Nifty 5100 Call sheds 4.3 lakh shares in Open Int
FIIs in F&O on June 15
Net buy Rs 623 crore in Nifty futures, Open Int up 4,809 contracts
Net sell Rs 236 crore in Nifty options, Open Int up 2,920 contracts
Net sell Rs 334 crore in Stock futures, Open Int up 12,585 contracts
Tuesday, June 15, 2010
15 Jun 2010 Nifty closed above 5200 mark first time after 3rd May
15 Jun 2010 Closing Market Updates 15:31
Strong European helped to hold the bullish steam throught the day.Market gained consecutively for the 4th day, Nifty closed above 5200 mark first time after 3rd May.Nifty closed at 5217.65 gaining 19.95 points while Sensex closed at 17399.22 with 61.05 points gain.
Realty gained the most with 2.76% today among the BSE Sectoral Indices whereas IT index lost 0.64%.
Rpower was the top gained in Nifty50 stocks, gained 5% to end at 176.35 while top loser was BPCL lost by 5.88% and ended at 530.05.
Advance decline ratio was positive as 794 stocks gained and 511 stocks declined today on NSE.
Strong European helped to hold the bullish steam throught the day.Market gained consecutively for the 4th day, Nifty closed above 5200 mark first time after 3rd May.Nifty closed at 5217.65 gaining 19.95 points while Sensex closed at 17399.22 with 61.05 points gain.
Realty gained the most with 2.76% today among the BSE Sectoral Indices whereas IT index lost 0.64%.
Rpower was the top gained in Nifty50 stocks, gained 5% to end at 176.35 while top loser was BPCL lost by 5.88% and ended at 530.05.
Advance decline ratio was positive as 794 stocks gained and 511 stocks declined today on NSE.
Monday, June 14, 2010
14 June Morning Market Updates:
14 June Morning Market Updates:
Stocks that are in news today:
SpiceJet update
K Maran acquires 37.75% in SpiceJet at Rs 47.25/sh
K Maran acquires stake from WL Ross & B Kansagara
K Maran makes open offer for 20% at Rs 57.76/share
HUL
Board approves share buyback worth up to Rs 630 crore
Buyback at price not exceeding Rs 280/share
RIL on Infotel
Aims to be leader in broadband
Expects >100 million subscribers in 3-5 yrs versus 8 million currently
USD 4 billion investment planned over next 3 years
Planned investment including spectrum cost of USD 2.75 billion
ADAG says
Welcome RIL's entry into broadband
Look forward to offering services to RIL, other BWA players
Will continue to compete for users in market place
Govt okays infusion of capital worth Rs 6,211 crore in 5 PSU banks
To Infuse Rs 590 crore in Bank Of Maharashtra
To infuse Rs 2,016 crore in Central Bank Of India
To infuse Rs 3,119 crore in IDBI Bank
To infuse Rs 375 crore in UCO Bank
To infuse Rs 111 crore in Union Bank Of India
F&O cues:
Futures Open Int up Rs 156 crore
Options Open Int up Rs 1616 crore
Nifty Futures shed 6 lakh shares in Open Int
Nifty Futures at 2-point discount
Nifty Open Int PCR at 1.44 versus 1.39
Nifty Puts add 28 lakh shares in Open Int
Nifty Calls shed 1 lakh shares in Open Int
Nifty 5000 Put adds 9 lakh shares in Open Int
Nifty 5200 Call adds 6 lakh shares in Open Int
Stock Futures Open Int unchanged
FIIs in F&O on June 11
Net buy Rs 1019 crore in Nifty Futures
Net buy Rs 485 crore in Stock Futures
Market cues:
FIIs were net buyers of USD 82.7 million in equities on June 10
NSE F&O Open Int was up Rs 1772 crore at Rs 1.35 lakh crore
As per provisional data of June 11, FIIs were net buyers of Rs 821 crore; DIIs were net sellers of Rs 214 crore in cash markets. FIIs were net buyers of Rs 1348 crore in F&O.
Us Markets:
The US dollar edged up against the yen and US stocks trimmed losses after consumer sentiment improved in early June to its strongest level since March 2008, the Thomson Reuters/University of Michigan's Surveys of Consumers said.
The report lifted the mood of investors after data showing poor US retail sales in May raised doubts about the strength of recovery and took the wind out of four-day relief rally in world stocks.It's a good number and could provide reassurance after the retail sales number, which was particularly weak," Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Massachusetts, said about the consumer survey.
Oil prices had slipped below $USD 74 a barrel and copper retreated from one-week highs on news of the retail sales data, but crude prices pared some losses to trade above USD 75 a barrel. Benchmark copper for three-month delivery reversed course to trade up about 1% in London.
MSCI's all-country world equity index rebounded to trade 0.5% higher, helped by a rally in European markets.
But the Dow and broad-market S&P 500 hovered near break-even, even as the technology-rich Nasdaq rose.
"We had a nice one-day advance yesterday, and this will kind of relieve some of the pressures," said Steve Goldman, market strategist at Weeden & Co. in Greenwich, Connecticut.
"I think the (stock) market is looking for reasons to stabilize, and this provides some of that," said Goldman.
The Dow Jones industrial average was up 38.54 points, or 0.38%, at 10,211.07. The Standard & Poor's 500 Index was up 4.76 points, or 0.44%, at 1,091.6. The Nasdaq Composite Index was up 24.89 points, or 1.112, at 2,243.60.
Bond prices trimmed some of their earlier gains after the retail sales report.
The benchmark 10-year U.S. Treasury note was up 11/32 in price to yield 3.28 percent. It had earlier traded up 18/32.
Markets earlier were buoyed after Belgium, Portugal and Spain found good demand for their bonds this week. Italy also carried out a successful sale on Friday, easing immediate concerns about funding problems on the euro zone periphery and boosting appetite for the euro and banking shares.
Investors also found optimism in China's growth, even though fresh data showed inflation in the world's third-largest economy quickened to a 19-month high in May while its factory output and capital spending moderated.
The dollar rose to 91.66 yen , while the the euro was up 0.02% at USD 1.211.
Against the yen, the dollar was up 0.33% at 91.66.
US light sweet crude oil fell 53 cents, or 0.7%, to USD 74.95 a barrel.
Spot gold prices rose USD 6.35, or 0.52 percent, to USD 1,223.60.
Earlier in Asia, the MSCI index of Asia Pacific ex-Japan stocks rose nearly 1.6%. Japan's Nikkei average climbed 1.7%, helped by a halt in the yen's advance against the euro.
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Stocks that are in news today:
SpiceJet update
K Maran acquires 37.75% in SpiceJet at Rs 47.25/sh
K Maran acquires stake from WL Ross & B Kansagara
K Maran makes open offer for 20% at Rs 57.76/share
HUL
Board approves share buyback worth up to Rs 630 crore
Buyback at price not exceeding Rs 280/share
RIL on Infotel
Aims to be leader in broadband
Expects >100 million subscribers in 3-5 yrs versus 8 million currently
USD 4 billion investment planned over next 3 years
Planned investment including spectrum cost of USD 2.75 billion
ADAG says
Welcome RIL's entry into broadband
Look forward to offering services to RIL, other BWA players
Will continue to compete for users in market place
Govt okays infusion of capital worth Rs 6,211 crore in 5 PSU banks
To Infuse Rs 590 crore in Bank Of Maharashtra
To infuse Rs 2,016 crore in Central Bank Of India
To infuse Rs 3,119 crore in IDBI Bank
To infuse Rs 375 crore in UCO Bank
To infuse Rs 111 crore in Union Bank Of India
F&O cues:
Futures Open Int up Rs 156 crore
Options Open Int up Rs 1616 crore
Nifty Futures shed 6 lakh shares in Open Int
Nifty Futures at 2-point discount
Nifty Open Int PCR at 1.44 versus 1.39
Nifty Puts add 28 lakh shares in Open Int
Nifty Calls shed 1 lakh shares in Open Int
Nifty 5000 Put adds 9 lakh shares in Open Int
Nifty 5200 Call adds 6 lakh shares in Open Int
Stock Futures Open Int unchanged
FIIs in F&O on June 11
Net buy Rs 1019 crore in Nifty Futures
Net buy Rs 485 crore in Stock Futures
Market cues:
FIIs were net buyers of USD 82.7 million in equities on June 10
NSE F&O Open Int was up Rs 1772 crore at Rs 1.35 lakh crore
As per provisional data of June 11, FIIs were net buyers of Rs 821 crore; DIIs were net sellers of Rs 214 crore in cash markets. FIIs were net buyers of Rs 1348 crore in F&O.
Us Markets:
The US dollar edged up against the yen and US stocks trimmed losses after consumer sentiment improved in early June to its strongest level since March 2008, the Thomson Reuters/University of Michigan's Surveys of Consumers said.
The report lifted the mood of investors after data showing poor US retail sales in May raised doubts about the strength of recovery and took the wind out of four-day relief rally in world stocks.It's a good number and could provide reassurance after the retail sales number, which was particularly weak," Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Massachusetts, said about the consumer survey.
Oil prices had slipped below $USD 74 a barrel and copper retreated from one-week highs on news of the retail sales data, but crude prices pared some losses to trade above USD 75 a barrel. Benchmark copper for three-month delivery reversed course to trade up about 1% in London.
MSCI's all-country world equity index rebounded to trade 0.5% higher, helped by a rally in European markets.
But the Dow and broad-market S&P 500 hovered near break-even, even as the technology-rich Nasdaq rose.
"We had a nice one-day advance yesterday, and this will kind of relieve some of the pressures," said Steve Goldman, market strategist at Weeden & Co. in Greenwich, Connecticut.
"I think the (stock) market is looking for reasons to stabilize, and this provides some of that," said Goldman.
The Dow Jones industrial average was up 38.54 points, or 0.38%, at 10,211.07. The Standard & Poor's 500 Index was up 4.76 points, or 0.44%, at 1,091.6. The Nasdaq Composite Index was up 24.89 points, or 1.112, at 2,243.60.
Bond prices trimmed some of their earlier gains after the retail sales report.
The benchmark 10-year U.S. Treasury note was up 11/32 in price to yield 3.28 percent. It had earlier traded up 18/32.
Markets earlier were buoyed after Belgium, Portugal and Spain found good demand for their bonds this week. Italy also carried out a successful sale on Friday, easing immediate concerns about funding problems on the euro zone periphery and boosting appetite for the euro and banking shares.
Investors also found optimism in China's growth, even though fresh data showed inflation in the world's third-largest economy quickened to a 19-month high in May while its factory output and capital spending moderated.
The dollar rose to 91.66 yen , while the the euro was up 0.02% at USD 1.211.
Against the yen, the dollar was up 0.33% at 91.66.
US light sweet crude oil fell 53 cents, or 0.7%, to USD 74.95 a barrel.
Spot gold prices rose USD 6.35, or 0.52 percent, to USD 1,223.60.
Earlier in Asia, the MSCI index of Asia Pacific ex-Japan stocks rose nearly 1.6%. Japan's Nikkei average climbed 1.7%, helped by a halt in the yen's advance against the euro.
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
Friday, June 11, 2010
11 June 2010 Closing Market Updates
11 June 2010 Closing Market Updates 15:31
Dull market closed in positive after trading positively the whole day as Asian markets closed in positive and Asian markets are firm in positive.Nifty ended at 5114.2 gaining 35.60 points and Sensex closed at 17042.28 with 120.20 points in positive.
Among the BSE Sectoral indices, Oil&Gas Index gained the most by 1.46% as the index mover Reliance Industries gained 2.92% while Realty index was at bottom by 0.64% down in the losers' list.
Bhel was the top gainer in Nifty50 stocks and closed at 2395.50 with 3.04% gains.Unitech was the top loser in the Nifty index with 3.68% loss and ended at 68.10.
Market breadth was positive as 692 stocks gained and 601 stocks declined today on NSE.
For Weekly as well as Intraday recommendations, Call on +919960779955
Dull market closed in positive after trading positively the whole day as Asian markets closed in positive and Asian markets are firm in positive.Nifty ended at 5114.2 gaining 35.60 points and Sensex closed at 17042.28 with 120.20 points in positive.
Among the BSE Sectoral indices, Oil&Gas Index gained the most by 1.46% as the index mover Reliance Industries gained 2.92% while Realty index was at bottom by 0.64% down in the losers' list.
Bhel was the top gainer in Nifty50 stocks and closed at 2395.50 with 3.04% gains.Unitech was the top loser in the Nifty index with 3.68% loss and ended at 68.10.
Market breadth was positive as 692 stocks gained and 601 stocks declined today on NSE.
For Weekly as well as Intraday recommendations, Call on +919960779955
11 June 2010 Intraday Calls
11 June 2010 Morning Market Updates 08:35
Short windup scenario will continue today also.Yesterday's adjusted close of Nifty spot was 5078.60 while closing was 5082.35 whereas Nifty June month future closed at 5086.10 which is in premium at the time of closing.It indicates the positions are been converted from shorts to long.Its difficult to say it is for time being or positionaly.We recommend to follow the trend.
Today's Recommendations :
Hold Nifty Long Trail sl 5045 T 5165
Buy Aban strct sl 630 T 662 / 678 Bounceback exp
Buy Acc sl 863 T 882
Buy Cipla sl 329 T 343
Buy DLF Abv 264 sl 260 T 270
Buy Grasim sl 1757 T 1792
Buy HDFC Abv 2760 sl 2735 T 2792
Buy Hindalco sl 136 T 142
Buy ICICIBank Abv 835 sl 828 T 850
Buy Relcapital Abv 688 sl 670 T 712 Positional
Buy Reliance sl 1006 T 1028 / 1040
Buy Sail sl 194 T 204
Buy Ster sl 634 T 656
Buy Suzlon Abv 54.5 sl 53.5 T 56
Buy Bankindia Abv 335 sl 331 T 339
Buy Ibrealest sl 146 T 155
Buy JSWSteel Abv 1056 sl 1045 T 1074
Buy Videoind sl 195 T 205
Sell Abb Bel 852 sl 868 T 835
Sell Gail Bel 453 sl 456 T 448
Sell Sunpharma Bel 1691 sl 1702 T 1662
Stocks in News :
Listing of Standard Chartered IDR today, issue price at Rs 104 ((Last traded at pound 16.49, translates into Rs 1129.60; 10 IDRs represent one share, so translates into Rs 112.96 as listing price))
Jet Airways
-Carried 8.69 lakh revenue passenger in May 2010 (up 41% YoY)
-Domestic load factor for may stood at 82.5% ((10% increase MOM))
-International seat factor stood 80.3% (up 5% YoY)
Econet Chairman says
-Irrational to say that Zain Nigerian issue resolved
-Issues cannot be resolved without Econet involvement
Other stocks and sectors that are in news today:
-EGoM meet on fuel price issue likely on June 17: PTI
-Bombay HC dismisses govt regulation on TDR Policy, cuts FSI back to 1, to benefit HDIL, DB Realty, negative for other Mumbai based realty companies
-Whirlpool of India, Sri Adhikari Brothers to be included in T2T Segemnt
-Board meet today: Dish TV: restructuring of subsidiary
-HUL: Board meet today on buyback of shares
-LIC, 4 Banks likely to invest in Videocon ((Mint))
-Eli Lilly said to be looking to Clinical Trial opportunities in India ((DNA))
-HCC looking to sell 20%-30% in Infra Subsidiary ((DNA))
-Network 18 to do away with cross-holdings – BS
-Indian ADRs: Sterlite up 6%, Tata Comm up 5.6%
F&O Cues :
Nifty Futures add 1.5 lakh shares in Open Int
Nifty Futures at 7-point premium
Nifty Open Int PCR at 1.39 versus 1.33
Nifty Puts add 38 lakh shares in Open Int
Nifty Calls add 1 lakh shares in Open Int
Nifty 5000 Put adds 17 lakh shares in Open Int
Nifty 5100 Put adds 6.7 lakh shares in Open Int
Nifty 5300 Call adds 4 lakh shares in Open Int
Nifty 5000 Call sheds 9.5 lakh shares in Open Int
Stock Futures add 2.6 cr shares in Open Int
FIIs in F&O on June 10
Net buy Rs 243 crore in Nifty Futures
Net sell Rs 267 crore in Nifty Options
Net buy Rs 406 crore in Stock Futures
US Markets :
U.S. stocks rallied broadly Thursday, with Caterpillar, American Express and Chevron among the gainers, as economic data from the U.S. and China and comments from European officials reassured investors about the global economy. All three major large-cap measures experienced their third-largest one-day gains of the year.The Dow Jones Industrial Average rose 273.28 points, or 2.76%, to 10172.53.The Nasdaq Composite added 59.86, or 2.77%, to 2218.71. The Standard & Poor's 500 index rose 31.15, or 2.95%, to 1086.84. All of the S&P 500's sectors rose, with the energy, industrial and materials sectors experiencing the largest percentage gains.
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.
Short windup scenario will continue today also.Yesterday's adjusted close of Nifty spot was 5078.60 while closing was 5082.35 whereas Nifty June month future closed at 5086.10 which is in premium at the time of closing.It indicates the positions are been converted from shorts to long.Its difficult to say it is for time being or positionaly.We recommend to follow the trend.
Today's Recommendations :
Hold Nifty Long Trail sl 5045 T 5165
Buy Aban strct sl 630 T 662 / 678 Bounceback exp
Buy Acc sl 863 T 882
Buy Cipla sl 329 T 343
Buy DLF Abv 264 sl 260 T 270
Buy Grasim sl 1757 T 1792
Buy HDFC Abv 2760 sl 2735 T 2792
Buy Hindalco sl 136 T 142
Buy ICICIBank Abv 835 sl 828 T 850
Buy Relcapital Abv 688 sl 670 T 712 Positional
Buy Reliance sl 1006 T 1028 / 1040
Buy Sail sl 194 T 204
Buy Ster sl 634 T 656
Buy Suzlon Abv 54.5 sl 53.5 T 56
Buy Bankindia Abv 335 sl 331 T 339
Buy Ibrealest sl 146 T 155
Buy JSWSteel Abv 1056 sl 1045 T 1074
Buy Videoind sl 195 T 205
Sell Abb Bel 852 sl 868 T 835
Sell Gail Bel 453 sl 456 T 448
Sell Sunpharma Bel 1691 sl 1702 T 1662
Stocks in News :
Listing of Standard Chartered IDR today, issue price at Rs 104 ((Last traded at pound 16.49, translates into Rs 1129.60; 10 IDRs represent one share, so translates into Rs 112.96 as listing price))
Jet Airways
-Carried 8.69 lakh revenue passenger in May 2010 (up 41% YoY)
-Domestic load factor for may stood at 82.5% ((10% increase MOM))
-International seat factor stood 80.3% (up 5% YoY)
Econet Chairman says
-Irrational to say that Zain Nigerian issue resolved
-Issues cannot be resolved without Econet involvement
Other stocks and sectors that are in news today:
-EGoM meet on fuel price issue likely on June 17: PTI
-Bombay HC dismisses govt regulation on TDR Policy, cuts FSI back to 1, to benefit HDIL, DB Realty, negative for other Mumbai based realty companies
-Whirlpool of India, Sri Adhikari Brothers to be included in T2T Segemnt
-Board meet today: Dish TV: restructuring of subsidiary
-HUL: Board meet today on buyback of shares
-LIC, 4 Banks likely to invest in Videocon ((Mint))
-Eli Lilly said to be looking to Clinical Trial opportunities in India ((DNA))
-HCC looking to sell 20%-30% in Infra Subsidiary ((DNA))
-Network 18 to do away with cross-holdings – BS
-Indian ADRs: Sterlite up 6%, Tata Comm up 5.6%
F&O Cues :
Nifty Futures add 1.5 lakh shares in Open Int
Nifty Futures at 7-point premium
Nifty Open Int PCR at 1.39 versus 1.33
Nifty Puts add 38 lakh shares in Open Int
Nifty Calls add 1 lakh shares in Open Int
Nifty 5000 Put adds 17 lakh shares in Open Int
Nifty 5100 Put adds 6.7 lakh shares in Open Int
Nifty 5300 Call adds 4 lakh shares in Open Int
Nifty 5000 Call sheds 9.5 lakh shares in Open Int
Stock Futures add 2.6 cr shares in Open Int
FIIs in F&O on June 10
Net buy Rs 243 crore in Nifty Futures
Net sell Rs 267 crore in Nifty Options
Net buy Rs 406 crore in Stock Futures
US Markets :
U.S. stocks rallied broadly Thursday, with Caterpillar, American Express and Chevron among the gainers, as economic data from the U.S. and China and comments from European officials reassured investors about the global economy. All three major large-cap measures experienced their third-largest one-day gains of the year.The Dow Jones Industrial Average rose 273.28 points, or 2.76%, to 10172.53.The Nasdaq Composite added 59.86, or 2.77%, to 2218.71. The Standard & Poor's 500 index rose 31.15, or 2.95%, to 1086.84. All of the S&P 500's sectors rose, with the energy, industrial and materials sectors experiencing the largest percentage gains.
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.
Thursday, June 10, 2010
10 June 2010 Closing Market Updates
10 June 2010 Closing Market Updates 15:31
Short covering boosted our indices to close its day high as the Nifty June Future contracts were trading in premiums against the previous sessions' discount of nearly 25 points. Nifty closed at 5082.35 with 82.05 points of gain.Sensex closed with 276.12 points gain and closed at 16934.01.
All BSE Sectoral indices closed in green.Auto index gained the most by 3.53%.
Reliance Infra was the top gainer with 5.58% in Nifty50 stocks.It closed at 1128.35 while just 4 stocks among Nifty50 stocks dropped today.Powergrid was the maximum by 0.63% to close at 101.80.
Advance / Decline ratio was positive to nearly 3:1 as 956 stocks gained and 330 stocks declined today on NSE.
Short covering boosted our indices to close its day high as the Nifty June Future contracts were trading in premiums against the previous sessions' discount of nearly 25 points. Nifty closed at 5082.35 with 82.05 points of gain.Sensex closed with 276.12 points gain and closed at 16934.01.
All BSE Sectoral indices closed in green.Auto index gained the most by 3.53%.
Reliance Infra was the top gainer with 5.58% in Nifty50 stocks.It closed at 1128.35 while just 4 stocks among Nifty50 stocks dropped today.Powergrid was the maximum by 0.63% to close at 101.80.
Advance / Decline ratio was positive to nearly 3:1 as 956 stocks gained and 330 stocks declined today on NSE.
10th June Morning Updates:
10th June Morning Updates:
Stocks that are in news today:
Base rate -CNBC-TV18 exclusive: sources
HDFC Bank may keep base rate around 6%
Most PSUs, some private banks may keep base rate around 8%
Base rate to replace PLR from July 1
Banks cannot lend below base rate
Hindustan Copper to CNBC-TV18
Expect to raise around Rs 4,000 crore from issue
Issue expected to hit market by September
No plan yet to hike issue size to comply with 25% norm
Ex-dates today
HDFC Bank : Ex dividend Rs 12/share
ICICI Bank : Ex dividend Rs 12/share
Infotech Enterprise : Ex-Bonus 1:1
Other stocks and sectors that are in news today:
Essar Oil’s holding company Essar Energy included in FTSE 100
Orbit Corp board meet on June 18 to raise Rs 1,000 crore via QIP
Engineers India FPO expected to hit market by July-end, ((Expected to raise Rs 1,100-1,200 crore or 10% dilution)
ACC cement despatches for May at 1.75 million tons versus 1.82 million tons (YoY)
Lanco group & Edelweiss Capital made a bid in the range of Rs 30-45 crore to acquire Axis Bank's PE firm – BS
Tata Sons increase their stake by 2% in Voltas
ONGC Petro Additions talking to 3-4 foreign players for tie-up ((Lyondell,Ineos,Itochu)): DNA
Fatpipe IPO extends closing date to June 14 from June 9 and revises price band to Rs 80-85 (versus Rs 82-85)
F&O cues:
Futures Open Int up Rs 784 crore
Options Open Int up Rs 2269 crore
Nifty Fut Open Int unchanged; at 10-pt discount
Nifty Open Int PCR at 1.33 versus 1.32
Nifty Puts add 26 lakh shares in Open Int
Nifty Calls add 15.6 lakh shares in Open Int
Nifty 5000 Put adds 5.7 lakh shares in Open Int
Nifty 5000 Call adds 8.5 lakh shares in Open Int
Nifty 4500 Put adds 3 lakh shares in Open Int
Nifty 4400 Put adds 2.7 lakh shares in Open Int
Stock Futures add 1.6 cr shares in Open Int
FIIs in F&O on June 9
Net buy Rs 684 crore in Nifty Futures
Net buy Rs 709 crore in Nifty Options
Net buy Rs 448 crore in Stock Future
Market cues:
FIIs were net buyers of USD 93 million in equities on June 8
NSE F&O Open Int was up Rs 3053 crore at Rs 1.29 lakh crore
As per provisional data of June 9, FIIs were net sellers of Rs 257 crore; DIIs were net buyers of Rs 128 crore in cash markets. FIIs were net buyers of Rs 1839 crore in F&O.
US Markets:
US stocks ended lower as energy and financials dragged after a strong start. Traders were encouraged by comments from Fed Chairman Ben Bernanke, the Fed's beige-book report and Chinese export data but worries about the BP oil spill and Europe's debt crisis dented confidence.
The morning's positive tone proved fleeting and the market succumbed to selling pressure. A pullback by the euro only added to the afternoon's selling effort.
Energy stocks buckled and closed down over 1% after surging in early trade. BP remained in focus as it closed at its lowest level since 1996.
The CBOE volatility index, widely considered the best gauge of fear in the market, ticked up to 34 after being down near 30 earlier.
The Dow shed more than 40 points after earlier popping above the key 10,000 mark. The S&P 500 and Nasdaq finished down over 0.5% each.
In economic data, the Fed's Beige book stated that economic activity continued to improve but the pace of recovery remained moderate. It said all 12 districts continued to improve albeit at a modest pace. It also pointed to higher consumer and business spending, and noted strength in non-financial services, manufacturing, and transportation.
The euro traded near a four-year low against the dollar ahead of the european central bank meet on concerns that a sovereign debt crisis in the region will derail growth. Earlier it had seen some gains against the dollar in New York session boosted by options-related demand.
In the commodity space - oil jumped over 3% and broke past the USD 74 mark in New York trade after a report of buoyant Chinese exports eased concerns over the pace of growth. The US energy information administration reporting a 1.8 million barrel drop in inventories also supported prices. However, the commodity has slipped almost a percent below the USD 74 mark in Asia trade now.
Most base metals have pared gains in Asian trade this morning and have decreased over a percent each after a strong surge earlier on reports signaling sustained growth in china.
Gold prices retreated as well on weak safe-haven demand as the extreme risk aversion faded a bit. Comments by federal reserve chairman Ben Bernanke on recovery in economic activity also weighed down on the yellow metal.
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:
Base rate -CNBC-TV18 exclusive: sources
HDFC Bank may keep base rate around 6%
Most PSUs, some private banks may keep base rate around 8%
Base rate to replace PLR from July 1
Banks cannot lend below base rate
Hindustan Copper to CNBC-TV18
Expect to raise around Rs 4,000 crore from issue
Issue expected to hit market by September
No plan yet to hike issue size to comply with 25% norm
Ex-dates today
HDFC Bank : Ex dividend Rs 12/share
ICICI Bank : Ex dividend Rs 12/share
Infotech Enterprise : Ex-Bonus 1:1
Other stocks and sectors that are in news today:
Essar Oil’s holding company Essar Energy included in FTSE 100
Orbit Corp board meet on June 18 to raise Rs 1,000 crore via QIP
Engineers India FPO expected to hit market by July-end, ((Expected to raise Rs 1,100-1,200 crore or 10% dilution)
ACC cement despatches for May at 1.75 million tons versus 1.82 million tons (YoY)
Lanco group & Edelweiss Capital made a bid in the range of Rs 30-45 crore to acquire Axis Bank's PE firm – BS
Tata Sons increase their stake by 2% in Voltas
ONGC Petro Additions talking to 3-4 foreign players for tie-up ((Lyondell,Ineos,Itochu)): DNA
Fatpipe IPO extends closing date to June 14 from June 9 and revises price band to Rs 80-85 (versus Rs 82-85)
F&O cues:
Futures Open Int up Rs 784 crore
Options Open Int up Rs 2269 crore
Nifty Fut Open Int unchanged; at 10-pt discount
Nifty Open Int PCR at 1.33 versus 1.32
Nifty Puts add 26 lakh shares in Open Int
Nifty Calls add 15.6 lakh shares in Open Int
Nifty 5000 Put adds 5.7 lakh shares in Open Int
Nifty 5000 Call adds 8.5 lakh shares in Open Int
Nifty 4500 Put adds 3 lakh shares in Open Int
Nifty 4400 Put adds 2.7 lakh shares in Open Int
Stock Futures add 1.6 cr shares in Open Int
FIIs in F&O on June 9
Net buy Rs 684 crore in Nifty Futures
Net buy Rs 709 crore in Nifty Options
Net buy Rs 448 crore in Stock Future
Market cues:
FIIs were net buyers of USD 93 million in equities on June 8
NSE F&O Open Int was up Rs 3053 crore at Rs 1.29 lakh crore
As per provisional data of June 9, FIIs were net sellers of Rs 257 crore; DIIs were net buyers of Rs 128 crore in cash markets. FIIs were net buyers of Rs 1839 crore in F&O.
US Markets:
US stocks ended lower as energy and financials dragged after a strong start. Traders were encouraged by comments from Fed Chairman Ben Bernanke, the Fed's beige-book report and Chinese export data but worries about the BP oil spill and Europe's debt crisis dented confidence.
The morning's positive tone proved fleeting and the market succumbed to selling pressure. A pullback by the euro only added to the afternoon's selling effort.
Energy stocks buckled and closed down over 1% after surging in early trade. BP remained in focus as it closed at its lowest level since 1996.
The CBOE volatility index, widely considered the best gauge of fear in the market, ticked up to 34 after being down near 30 earlier.
The Dow shed more than 40 points after earlier popping above the key 10,000 mark. The S&P 500 and Nasdaq finished down over 0.5% each.
In economic data, the Fed's Beige book stated that economic activity continued to improve but the pace of recovery remained moderate. It said all 12 districts continued to improve albeit at a modest pace. It also pointed to higher consumer and business spending, and noted strength in non-financial services, manufacturing, and transportation.
The euro traded near a four-year low against the dollar ahead of the european central bank meet on concerns that a sovereign debt crisis in the region will derail growth. Earlier it had seen some gains against the dollar in New York session boosted by options-related demand.
In the commodity space - oil jumped over 3% and broke past the USD 74 mark in New York trade after a report of buoyant Chinese exports eased concerns over the pace of growth. The US energy information administration reporting a 1.8 million barrel drop in inventories also supported prices. However, the commodity has slipped almost a percent below the USD 74 mark in Asia trade now.
Most base metals have pared gains in Asian trade this morning and have decreased over a percent each after a strong surge earlier on reports signaling sustained growth in china.
Gold prices retreated as well on weak safe-haven demand as the extreme risk aversion faded a bit. Comments by federal reserve chairman Ben Bernanke on recovery in economic activity also weighed down on the yellow metal.
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
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