Instead of positive European indices, our market ended flat. Oil and Petroleum stocks gained.Nifty ended at 5540.90 with 10.25 points of gain and Sensex ended 2.91 points in negative at 18398.91.
Consumer Durables Index gained the max with 4.46% followed by PSU Index with 1.01% whereas FMCG Index was the top loser with 1.21%
In Nifty50 stocks, BPCL gained 11.42% to end at 778.50 while JP Associates lost the maximum with 2.43% to end at 120.65.
In NSE, BPCL was the top traded stock by value and Ispat Industries by traded quantity.
Advance/ Decline Ratio was positive to 1.52 : 1 as 817 stocks gained and 534 stocks declined today on NSE.
Other stocks and sectors that are in news today:-Vardhman Textiles : Board approves Fund raising Via QIP
-Gujarat Pipavav IPO opens today
-Foreign trade policy today
-Aurobindo Pharma receives USFDA approvals for Ampicillin for Injection
-Maharaja Shree sold property in Jaipur worth Rs 158 crore (market Cap at Rs 197 crore)
-JSPL : Government of Republic of Bolivia has provided additional 3000 acres of land for Steel plant
-State Bank of Mysore : Board Meet on August 25 to approve details of Rights Issue
-Paramount Communications: Proposed to SBI for Corporate Debt Restructuring
-SEBI wants listing of all MFs – BS
-IT department objects GTC land sale in Mumbai – PTI
-Dabur to rope in strategic investors for retail venture – BS
-Govt rethinks on the 26% profit sharing on Mining co, alternate option is to mull fund that will be used for social uplift – FE
-Zenotech Labs open offer extended by a week to Aug 30
-IVRCL plans to raise Rs 600 crore via QIP in IVRCL assets and Rs 250 crore in Hind Dorr – DNA
-SABMiller considering USD 11 billion bid for rival Foster’s
Discalimer: This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for
the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendations has been obtained from sources that are considered to be reliable. However, (IFCL) has not independently verified the accuracy or completeness of the same. Neither (IFCL) 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 (IFCL) and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. 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.
Market traded in very narrow range and ended flat inspite of Asian markets ended negative,European markets were trading down more than half percentage and US Market futures were also trading in negative.Nifty ended at 5528.20 with 12 points in negative and Sensex ended at 18385.80 with 69.14 points dip.
Among BSE Sectoral Indices, Realty Index gained the most with 1.64% and FMCG was the top loser with 1.07%.
DLF was the top gainer in Nifty50 stocks with 3.89% and ended at 334 whereas Tatamotors was the top loser in the index with 2.54% and ended at 1014.
On NSE, Reliance industries was the turnover topper stock by valuation while Unitech was the top traded stock by quantity traded.
Market breadth was negative as 755 stocks declined and 582 stocks gained on NSE today.
20 August 2010 Morning Market Updates 08:52 Daily Recommendations :
Note:Follow Buy recommendation in Positive Market Bias and v.v.
Buy
Aban
sl
822
T
854
Buy
Bhartiartl
Abv
320
sl
315
T
328
P
Buy
Bhel
Abv
2489
sl
2480
T
2502
Buy
Herohonda
Abv
1915
sl
1904
T
1938
Buy
ICICIBank
sl
998
T
1048
Buy
IDFC
Abv
186
sl
183
T
191
Buy
M&M
At 600-605
sl
588
T
632
Buy
Ster
sl
157
T
165
Buy
Mcdowell-n
sl
1420
T
1461
P
Buy
OFSS
Abv
2105
sl
2085
T
2130/2148
P
Sell on rise
Jindalstel
sl
711
Sell
Ranbaxy
sl
480
T
468
Sell
SBIN
Bel
2796
sl
2805
T
2772
Sell
Unitech
sl
85
T
81
Sell
HDIL
Bel
287
sl
291
T
281
Sell
Ibrealest
sl
194
T
183
Sell
Apil
Bel
728
sl
733
T
719
US Market Updates :
U.S. stocks ended sharply lower Thursday as a gloomy jobs report and other downbeat reports put the U.S. economic recovery in doubt and overshadowed fresh merger and acquisition activity.The hit to Wall Street came as economic reports showed weekly jobless claims rising to a nine-month high.The Dow Jones Industrial Average fell 144.33, or 1.4%, to end at 10271.2, with all 30 blue-chip components in the red for the day.The Nasdaq Composite /quotes/comstock/10y!i:comp (COMP2,179, -36.75, -1.66%) declined 36.75 points, or 1.66%, to 2,178.95.
After a flat opening, market rallied on buying in heavy weights.Banking also supported today's rally.Nifty ended at 5537.90 with gain of 58.75 points and Sensex ended at 18442.46 with 185.34 points positive.
India's food price index rose 10.35% and the fuel price index climbed 12.57%. Both food and fuel inflation eased from the previous week's annual rise of 11.40% and 12.66% respectively. Among BSE Sectoral Indies, Bankex gained the most by 1.92 % and Realty Index was the main loser with 0.71%. Among Nifty50 stocks Ambuja cement was the top gainer with 10.68% on cement prices raising while Unitech was the top loser. Icici bank was the turnover topper in terms of value whereas Thomascook was the top traded stock in NSE. Market breadth was positive as 833 stocks gained and 511 stocks declined today on NSE.
19 August Morning Market Updates: Stocks that are in news today:
Results Today: Ballarpur Industries (BILT) Bajaj Auto, DRL & Sesa Goa to be included in Nifty
ABB, Idea & Unitech excluded from Nifty Changes to take place with effect from October 1 Cabinet and CCEA meet today Agenda: Import duty on power equipment; direct taxes code bill ; proposal to impose 19% import duty on power equipment SEBI Revises norms for investment & disclosure by MFs in derivatives Exposure to any counterparty in interest rate swap capped at 10% of net assets Gati Announced demerger of its shipping division into a wholly owned subsidiary Company is also looking for a strategic or financial partner in the newly hived-off entity Gillete India Sales at Rs 252 crore versus Rs 184 crore (up 37% YoY) PAT at Rs 19 crore versus Rs 38 crore (Down 50% YoY) Other stocks and sectors that are in news today: MIC bags orders worth Rs 20.64 crore SREI Infra to buy 60% stake in Millicom’s tower assets for Rs 400 crore Religare Technova acquires equity stake in forming strategic partnership with Chase Cooper Mahindra Lifespace starts construction in Mahindra World City, Jaipur's Manufacturing Zone Arshiya Int plans to raise Rs 7500 crore from stake sale for expansion Greaves Cotton to set up Rs 100 crore plant in Aurangabad Asyrazenace nears second outsourcing deal with Indian Co Intas – DNA GVK’s Power biz to raise USD 280 million from PE Players 3i and Actis – BS Board Meet -Royal Orchid Hotel: Fund Raising Vardhman Textiles board meet on August 21 to consider various possibilities to raise funds in the Company.F&O cues:
Futures Open Int up by Rs 2320 crore Options Open Int up by Rs 1598 crore
Nifty Fut shed 2.16 lakh in Open Int in August Nifty Futures add 9.6 lakh shares in Open Int in Sep Nifty Futures at 5 pts prem versus 10.8 pts prem Nifty Open Int PCR at 1.57 versus 1.45 Nifty Puts add 46.5 lakh shares in Open Int Nifty Calls shed 24 lakh shares in Open Int Nifty Aug 5500 Put adds 13.5 lakh shares in Open Int Nifty Sep 5400 Put adds 9.15 lakh shares in Open Int Nifty Aug 5400 Put adds 7 lakh shares in Open Int Nifty Sep 5300 Put adds 5.25 lakh shares in Open Int Nifty Aug 5500 Call sheds 18.7 lk shrs in Open Int Nifty Aug 5400 Call sheds 17 lk shrs in Open Int Stock Futures add 4.55 cr shares in Open Int FIIs in F&O on August 18 Net buy Rs 517 crore in Nifty Futures Net buy Rs 135 crore in Nifty Options Net buy Rs 194 crore in Stock Futures Market cues:
FIIs were net buyers of USD 110.5 million on August 17 MFs were net sellers of Rs 170 crore on August 17
NSE F&O Open Int ws up by Rs 3918 crore at Rs 1.78 lakh crore As per provisional data of August 18, FIIs were net buyers of Rs 674.5 crore; DIIs were net sellers of Rs 113.5 crore in cash markets. FIIs were net buyers of Rs 814 cr in F&O. FIIs were net buyers to the tune of Rs 1054 crore in F&O; they were net buyers of Rs 161 crore in Nifty Futures and net buyers of Rs 1051 crore in Nifty Options.
Nifty Open Interest (OI) PCR stood at 1.45 versus 1.44. Nifty September 5300 Put added 4.5 lakh shares in OI while Nifty August 5500 Call adds 3.7 lakh shares in OI. Stock Futures added 6.2 crore shares in OI. Speculative long buildup was seen in UCO Bank. The stock rose 5.5% and its OI was up 19%. Long buildup was seen in IFCI; the stock rose 2% and OI was up 10%. Delivered volume stood at 71 lakh shares versus 43 lakh.
Long buildup was also seen in India Infoline and ITC. India Infoline shot up 8% and its OI was up 8%. Delivered volume stood at 33 lakh shares versus 13 lakh. ITC gained 1.2% and its OI was up 15%. Delivered volume stood at 36 lakh shares versus 20 lakh. US Markets: US markets ended with modest gains but the S&P was still below the key 1100 level. Consumer discretionary, telecom and technology gained while energy and utilities stocks ended lower.
In economic data, US mortgage applications soared last week on the strongest demand for home refinancing loans in 15 months. Meanwhile the US Government data showed crude inventories rose to the highest level since weekly records began in 1990. The data follows Tuesday's report from the American Petroleum Institute, which showed a surprisingly large build in supplies. n key data to watch from US, the initial jobless claims would be announced later Today. Polls indicate that the claims may come in lower than the previous week at 480,000. Jobless claims for the august 7 week rose by 2,000 to 484,000, the highest level since February.
The August Philadelphia Fed survey is also going to be released today. Polls indicate that it may rise to 7 after easing to 5.1 in July indicating a slower rate of growth. But there is a possibility of decline in August as the new orders index fell to minus 4.3 to mark an end to a year long string of growth. The July conference board's index of leading indicators is expected to rise to 0.1% after it fell 0.2% in June. Last month's decline was the second dip in three months. In the currency space, it was a choppy run for the dollar. It gained as the euro failed to hold above a key psychological level of 1.29. However, the greenback came under fresh selling pressure against the yen, moving toward recent 15-year lows. It was a volatile session for oil. Crude prices slipped after US government data showed inventories at record levels. But a bounce in US equity markets pulled crude futures well above intra-session lows. Meanwhile, gold continued its upward rally rising nearly 3% in the last five sessions. Strong physical demand and the dollar's initial loss triggered technical buying in the yellow metal. In the base metal space- copper saw buying on improved demand outlook but saw marginal losses in Asia trade this morning on the dollar's relative strength.
Market opened in positive but profit booking on higher level again witnessed and wiped early gains.Market ended flat Nifty ended at 5420.95 with 2.65 points up while Sensex ended at 18061.80 with 11.02 points of gain.
Among BSE Sectoral Indices, Bankex gained the most by 0.94% whereas Power Index was the major loser by 0.36%.
In Nifty50 stocks, BPCL was the top gainer by 2.85% where as Suzlon was the top loser by 2.29%.
SKS Micro was the turnover topper in terms of turnover value and FCS Soft was the stock which traded most.
Overall market breadth was negative as 704 stocks declined and 636 stocks declined today on NSE.
Vedanta-Cairn deal: Sources
-Vedanta-Cairn deal may not require govt approval
-Plain reading of PSC doesn't indicate need for explicit nod
Vedanta - Sources-Trouble brews for Vedanta on Orissa Mines front
-FAC to meet on August 20 to discuss Vedanta report
Sterlite- bauxite mining issue
-4 member committee advised MOEF against allocation of the Nyamgiri bauxite mine to Vedanta
-Committee has cited environmental and local people issues.
Alert: Negative for Sterlite
- Cox & Kings - Sources
-Cox & Kings launches GDR issue
-Cox & Kings offer for 53.41 lakh GDRs (Approximately USD 65 million)
-Offer with greenshoe option of 28.75 lakh additional GDRs
-Cox & Kings offer price at Rs 569.2/share (USD 12.17/GDR) ICICI Bank
-Ups PLR & floating reference rate by 50 bps W.e.f August 18
Apollo Hospital
-Ties up with Stemcyte of US;
-To invest USD 50 million on research
-Have 50:50 partnerships in the initiative
Other stocks and sectors that are in news today:
-Stocks Include in T2T w.e.f from August 20, Essar Shipping, Abhisekh Ind., Future Capital, Ramsarup Industries
-Siemens VAI: bags 10 million Euro Order From SAIL For Orissa Plant (not in Siemens India)
-Engine Faults ground 9 Kingfisher jets – ET
-Mahindra Satyam wins Upaid case – ET
-JSPL acquires land to start USD 2.1 billion. steel plant in Bolivia – ET
-Biocon shares surge of Pfizer deal talks – ET
-HDFC Ventures buy 10% in Lodha Projects for Rs 250 crore – ET
-Wipro plans second pay rise on October – BS
-Gujarat Pipavav Port issue opens on Aug 23
-Redington India sings distribution tie up with Imation India Pvt. Ltd for their storage media products
-SR Inds board to consider Right Issue on 21 August
-Royal Orchid board meet on 19 August to consider NCD &/or equity linked Instruments (QIP)
-Biocon launches new healthcare division for critical illnesses & acute hospital acquired infections
In the US, stocks ended flat after trading in a narrow range. Technology stocks were among the major gainers.
Dow Jones Industrial Average ended flat at 10302.01.NasdaqComposite was up 0.39% or 8.39 points at 2181.87. Standard & Poor's 500 ended flat at 1079.38.
