5 Nov 2010 Muhurt Picks

05 Nov 2010  17:15
Impact of US market gains because of Fed announcement boosted Asian Markets today.Hang Seng rose 341 points whereas Nikkei gained 267 points. So the mood in our market will be definitely bullish.Similarly, Samvat 2067 will start today and the this is the best opportunity for the bulls to ride on the Global bullish wave. Its an opportunity that Nifty would cross its previous all time high which is 6357.10 recorded on 8th Jan 2008.
Diwali Special Recommendations :

Buy IRB sl 243 T 288/298(P)


Subscribe for Powergrid FPO

Issue closes on 11th Nov 2010

For Doorstep Service, Call on +919975060000 or 020-32669956

About Powergrid FPO : India's biggest inter-state transmission company Power Grid Corporation of India with launch follow-on public offer (FPO) on November 9. Retail investors and employees will get equity shares at 5% discount to final issue price.

The subscription for FPO will be closed for QIB bidders on November 11 and for retail and non-Institutional bidders (including eligible employees bidding in the Employee Reservation Portion) it will close on November 12.The company is offering 84,17,68,246 equity shares through IPO, which comprises a fresh issue of 42,08,84,123 shares and an offer for sale of 42,08,84,123 shares by the President of India acting through the Ministry of Power, Government of India. The issue will constitute 18.2% of the post issue paid-up capital of company.The proceeds will be mainly utilised for constructing nine country-wide high capacity power transmission corridors costing USD 13 billion (Rs 58,000 crore).
SBI Capital Markets Ltd, Goldman Sachs (India) Securities Pvt Ltd, ICICI Securities and JP Morgan India Pvt Ltd are the book running lead managers to the issue.
Earlier, on July 2, the company has approved the FPO of 20% of existing paid up share capital comprising fresh issue of 10% of existing paid up share capital and offer for sale (Disinvestment) of 10% of existing paid up share capital by Government of India. Post dilution, the government stake would be 76.36% in company.The company had raised nearly Rs 3,000 crore via IPO in October, 2007, wherein the government had divested 5% stake in the company.

Today's Recommendations to Capitalize on :



Buy Aban Fut sl 833 T 844
Buy Apil Abv 800 sl 792 T 820
Hold Bhel sl 2514 T 2560
Buy Cairn Abv 331 sl 328 T 337
Buy Hindunilvr sl 297 T 303
Buy IDFC sl 211 T 222
Buy Infosystch sl 3055 T 3111 P
Buy Jindalstel Abv 725 sl 717 T 735
Buy JPAssociate sl 126 T 133
Buy Powergrid sl 98 T 108
Buy Reliance sl 1088 T 1145
Buy Relinfra Abv 1057 sl 1047 T 1072 P
Buy Tatapower Abv 1405 sl 1397 T 1417
Hold Tatasteel sl 615 T 632 P

US Market :

Dow back to pre-Lehman level.

US stocks extended a rally that started in September to close at two-year highs on Thursday, a day after the Federal Reserve unveiled a plan to boost the economy. Dow closed at 11,434.84 with 219.71 points higher while Nasdaq closed at 2577.34 with a 37.07 points up.

Disclaimer : Daily blogs have been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. This document is not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendation(s) has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates and/or its business associates and/or its directors and/or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either (IFCL) and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained. Similarly, iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives will not take any assurity about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.

4 Nov 2010 Second Highest Closing ever in Indian Stock Market History

4 Nov 2010 Closing Market Updates  15:30

Today on the eve of Diwali occasion, market showed the enthusiasm of the festive initiated by new listing, Coal india.Nifty ended at the 2nd highest closing ever.Nifty ended at 6285.90 with a gain of unbeatable 125.4 points. Sensex ended at 20913.84 with a massive 448.10 points jump.
Highest ever closing in Nifty was 6287.85 on 8th Jan 2010.
In BSE Sectoral Indices, only Consumer durable index ended in negative with just 0.09%. Whereas Oil&Gas Index zoomed the most by 2.94% as major players like Reliance Industries and ONGC rose by 3.66% and 3.73% respectively. Coal india closed with nearly 100 rupees rise from IPO price and ended at at 342.55 with a 39.8% growth on listing day.

In Nifty50 stocks, State Bank of India gained the most by 5.18% and closed at 2428.05 whereas Herohonda was the top loser by 1.37% and ended at 1841.10.
New listed,Coal India was the turnover topper stock on the exchanges by its traded quantity and traded value.

Muhurt Timings : 18:15 to 19:00 hrs on Fri,5th Nov 2010

4 Nov 2010 Daily Recommendations

4 Nov 2010 Morning Market Updates  08:56

As specified constantly, Nifty looks bullish above 6145-6155 in spot. Yesterday Nifty has given a closing of 6160.5. I wish that Nifty may make an all time high in coming sessions. Lets hope for the best.

Happy Diwali
Buy Apil Abv 804 sl 790 T 820/835
Buy Bel Fut Abv 1750 sl 1734 T 1783
Buy Bhel Abv 2500 sl 2480 T 2550 P
Buy Chennpetro Abv 249 sl 245 T 254
Buy Finantech Abv 1048 sl 1032 T 1096 P
Buy Infosystch Abv 3035 sl 3011 T 3060
Buy IOB sl 171 T 178
Buy IVRCLInfra sl 152 T 164
Buy Jindalstel sl 703 T 720
Buy Mundraport Abv 162 sl 159 T 166
Buy STCIndia sl 398 T 417 P
Buy Tatasteel Abv 618 T 633
Buy Unionbank Abv 396 sl 388 T 406
Buy Videoind Abv 264 sl 260 T 271

Sell Canbk Bel 740 sl 752 T 720
Sell Cipla Bel 346 sl 352 T 339
Sell Hindzinc Fut Bel 1242 sl 1252 T 1226

3rd Nov Market Closing:

3rd Nov Market Closing:
The Sensex is still holding early gains and continues to trade in a range-bound manner. Metal, auto and banking were leading the sectoral space except oil & gas.
The 30-share benchmark index, BSE Sensex opened with a gain of 127.17 points or 0.63% at 20,472.86, while the broad based NSE Nifty started with a rise of 8.55 points or 0.14%, at 6,127.55.
Sensex Movers
State Bank Of India contributed rise of 26.46 points in the Sensex. It was followed by Housing Development Finance Corporation (21.02 points), I C I C I Bank (20.51 points), Tata Motors (14.7 points) and Sterlite Industries (India) (12.5 points).
However, Reliance Industries contributed fall of 18.81 points in the Sensex. It was followed by Tata Power Company (1.63 points), Jaiprakash Associates (1.48 points), Bharti Airtel (0.95 points) and Reliance Communications (0.89 points).
Biggest gainers
Sterlite Industries (India) (3.74%),
Tata Motors (2.95%),
ACC (2.46%),
State Bank Of India (2.25%),
Jindal Steel & Power (2.16%),
Tata Steel (1.95%).
Major losers
Jaiprakash Associates (0.80%),
Reliance Industries (0.73%),
Cipla (0.64%),
Tata Power Company (0.54%),
Reliance Communications (0.52%),
D L F (0.33%)
Mid & Small-cap Space
The Midcap and Smallcap index rose 0.78% and 0.93% respectively.
Sectors in Limelight
The Metal index was at 17,112.67, up by 293.56 points or by 1.75%. The major gainers were Jindal Steel & Power (2.16%), Hindalco Industries (1.23%), Hindustan Zinc (0.44%), National Aluminium Company (0.26%) and JSW Steel (0.04%).
The Auto index was at 10,075.43, up by 123.14 points or by 1.24%. The major gainers were Apollo Tyres (3.97%), Exide Industries (2.14%), Bajaj Auto (1.74%), Amtek Auto (1.37%) and Hero Honda Motors (0.97%).
The Bankex index was at 14,686.60, up by 163.70 points or by 1.13%. The major gainers were I C I C I Bank (1.18%), Canara Bank (0.84%), Bank Of Baroda (0.52%), H D F C Bank (0.33%) and Federal Bank (0.03%).
On the other hand, the Oil & Gas index was at 10,860.34, down by 39.92 points or by 0.37%. The major losers were Bharat Petroleum Corporation (1.25%), Hindustan Petroleum Corporation (1.04%), Essar Oil (1.03%) and Reliance Industries (0.71%).
Market Breadth
Market breadth was positive with 1,738 advances against 1,246 declines.
Value and Volume Toppers
Mahindra & Mahindra Financial Services topped the value chart on the BSE with a turnover of Rs. 1,816.45 million. It was followed by BS TransComm (Rs. 1,589.63 million), Chambal Fertilisers & Chemicals (Rs. 1,185.80 million) and State Bank Of India (Rs. 923.85 million).
The volume chart was led by Cals Refineries with trades of over 81.70 million shares. It was followed by Chambal Fertilisers & Chemicals (12.66 million), Sujana Metal Products (12.23 million) and Nagarjuna Fertilizers & Chemicals (10.37 million).
Nifty closed 41.50 points up at 6160.50.
Sensex closed 120.05 points up at 20465.74 

3 Nov 2010 Closing Market Updates

3 Nov 2010 Closing Market Updates  15:30

Nifty ended at 6176.15 with 57.15 whereas Sensex ended with 141.60 points rise at 20487.29.

3rd Nov Morning Market Updates:

3rd Nov Morning Market Updates:
Stocks that are in news today:
Results today: Aurobindo Pharma, CESC, Gail, ENIL, MTNL, KEC International, OBC, Sundaram Clayton, Surya Pharma, Trigyn Tech, TTK healthcare, Gabriel India
Ashok Leyland October sales
Total sales at 5,732 units versus 5,333 units (YoY)
Exports at 1,104 units versus 399 units (YoY)
SpiceJet Q2 (cr - crore, vs - versus)
Net profit at Rs 10.11 cr vs loss of Rs 101 cr (YoY)
Income from operations at Rs 603 cr vs Rs 449 cr (YoY)
Board okays 30 aircraft buys; deliveries to start in April-June
Bombardier aircraft to enhance regional connectivity
30 Bombardier planes to cost USD 900 million
Q2 EBITDA margin at 0.6%
Company has Rs 600 crore cash in hand; company's current debt at Rs 121 crore
Texmaco Q2
Net profit at Rs 29.4 cr
Net sales at Rs 244 cr vs Rs 241 cr (YoY)
Neyveli Lignite Q2
Net sales at Rs 1,063.2 cr vs Rs 881.6 cr (YoY)
Net profit at Rs 273.7 cr vs Rs 243.6 cr (YoY)
Jai Corp Q2
Net profit of Rs 25.3 cr vs Rs 18.4 cr
Total income at Rs 131.9 cr vs Rs 105.9 cr
TV Today Q2
Total income Rs 60.30 cr vs Rs 64.54 cr
Net loss of Rs 7.59 cr vs net profit Rs 10.61 cr
Future Capital Q2
Total Income Rs 74.96 cr vs Rs 63.32 cr
Net profit Rs 8.14 cr vs Rs 11.61 cr
Board approves issue of debt with or without warrants upto Rs 1500 crore
Merger of Future Capital Fin Services - a wholly owned subsidiary
Other stocks and sectors that are in news today:
ONGC lead consortium in talks to acquire 25% stake in Advent Energy for USD 1 billion – ET
Foreign lenders of Vishal Retail sell bad loans to Pegasus Asset Restructuring Co – ET
Fortis Healthcare in talks to buy 50% stake in Care Hospital for Rs 300 crore – ET (Rakesh Jhunjhunwala, PE Firm Ashmore and Matrix holds 50% stake)
Hindustan Copper looks to sell non core assets for over Rs 3000 crore: ET
Power Grid FPO opens on November 9, closes on November 12, 5% discount to retail investors and employees
Southern Ispat to acquire Gujarat based New Tech Forge for Rs 100 crore – BS
Eros Worldwide seeks to stall release of Action Replay to recover dues worth Rs 6.56 crore from producer – DNA
Kiri Dyes eyes global listing of 2 subsidiaries Lonsen and Dystar by 2013 – DNA
Shakti MetDor delisting offer opens today; Floor price Rs 195/share
Bilpower: goes ex scheme of arrangement (demerger of manufacturing unit at Wada into BIL energy systems)
Securities in F&O ban: KS Oils (new), Core Projects, Orchid Chemical
IDBI Bank hikes BPLR by 25 bps to 13.50%
Kemrock & DSM sign MOU for Manufacturing of Specialty Resins in India
F&O cues:

Nifty Nov Futures shed 1.6 lakh shares in Open Int

Nifty Nov Futures at 37-point premium
Nifty Dec Futures add 0.78 lakh shares in Open Int
Nifty Dec Futures at 63-pt premium
Nifty Open Int PCR at 1.29 versus 1.28 yesterday
Nifty Puts add 19.6 lakh shares in Open Int
Nifty Calls add 13.1 lakh shrs in Open Int
Nifty 6100 Put adds 5.1 lakh shares in Open Int
Nifty 6200 Put adds 3.8 lakh shares in Open Int
Nifty 6300 Call adds 3.9 lakh shares in Open Int
Stock Futures add 5.75 crore shares in Open Int
Stk Futures Open Interest at 228.5cr shares
FIIs in F&O on November 2
Net sell Rs 110 crore in Nifty Futures
Net buy Rs 257 crore in Nifty Options
Net sell Rs 774 crore in Stock Futures
Net sell Rs 19 crore in Stock Options
US Markets:
The US markets ended higher amid the mid-term elections and the Federal Reserve's two day meeting to decide on providing more stimulus to the economy.

Dow Jones Industrial Average added 0.58% or 64.1 points at 11188.72. Nasdaq Composite rose 1.14% or 28.68 points at 2533.52. Standard & Poor's 500 gained 0.78% or 9.19 points at 1193.57.
There was no economic data that came out but the street will be watching out for the outcome of the 2-day Fed meeting. The FOMC policy statement is expected later today.

ADP employment report, auto sales, factory orders and ISM non-manufacturing index are the other key data points to watch out for in US. Also the US mid-term elections are also underway & there are early indications that the republicans are leading.
In the currency space- the dollar fell after a surprise interest rate hike from Australia and positive euro zone economic news but analysts warned of a possible rebound if the Federal Reserve disappointed markets at the end of its policy meeting later tonight.
Oil prices rose to a six-month peak as the dollar fell ahead of an expected decision by the Federal Reserve to inject more money into the economy and more OPEC producers signaled a tolerance for higher prices.
Copper prices too gained after the dollar's decline ahead of the Fed's policy statement.

2nd Nov Market Closing Updates:

2nd Nov Market Closing Dates

The Sensex fell into the negative terrain after D Subbarao governor of the Reserve Bank of India (RBI) announced a hike of 25 basis points in the repo and reverse repo rates in the mid-year review of its credit policy. The CRR however has been left untouched at 6%. Realty stocks dropped the most followed by oil & gas and metal, while consumer durable and capital goods managed to trade in the positive.

Accordingly, the new repo rate, at which it lends to banks, stands at 6.25% and the reverse repo rate, at which it absorbs extra cash, at 5.25%.
Caveat on loans

The Reserve Bank has has upped bank provisioning for teaser loans to 2% from 0.4%. Also, the loan-to-value ratio of housing loans will not exceed 80%. Loans above Rs 75 lakh too have become expensive as the RBI has upped risk for home loans above the said amount to 125%.
Impact on bonds
The RBI has mentioned that it will cease hiking rates for now. This indicates clearly that there is a pause, which will have a positive impact on bonds.
Lenders such as State Bank of India and ICICI Bank as well as car makers Maruti Suzuki and Tata Motors were being watched, amid worries a hike in rates could curb consumer demand for loans.
Sensex Movers

Reliance Industries contributed fall of 29.9 points in the Sensex. It was followed by Tata Motors (6.9 points), Bharti Airtel (6.13 points), Sterlite Industries (India) (4.07 points) and Mahindra & Mahindra (3.32 points).
However, Larsen & Toubro contributed rise of 25.24 points in the Sensex. It was followed by H D F C Bank (13.3 points), State Bank Of India (11.39 points), Grasim Industries (6.22 points) and ACC (5.34 points).
Major gainers in the 30-share index were
ACC (4.04%),
Larsen & Toubro (1.77%),
H D F C Bank (1.22%),
NTPC (1.04%),
State Bank Of India (0.98%), 
Hero Honda Motors (0.75%).
The biggest losers in the Sensex.D L F (1.65%),


Jindal Steel & Power (1.49%),
Tata Motors (1.40%),
Sterlite Industries (India) (1.23%),
Reliance Industries (1.17%),
Bharti Airtel (1.09%)
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.31% and 0.27% respectively.
The major gainers in the BSE Midcap were A I A Engineering (6.86%), Alstom Projects India (1.52%), Allahabad Bank (1.3%), Andhra Bank (0.36%) and Aban Offshore (0.11%).
The major gainers in the BSE Smallcap were A B G Shipyard (2.06%), A K Capital Services (1.96%), Action Construction Equipment (1.5%), Abhishek Industries (0.79%) and Aarti Industries (0.5%).
Sectors in Limelight
The Consumer Durables index was at 6,877.75, up by 97.05 points or by 1.43%. The major gainers were Bajaj Electricals (4.24%), Rajesh Exports (3.13%), Blue Star (1.47%), Whirlpool Of India (0.41%) and Gitanjali Gems (0.18%).
The Capital Goods index was at 16,331.61, up by 168.13 points or by 1.04%. The major gainers were A I A Engineering (6.86%), Jyoti Structures (1.7%), Bharat Electronics (1.42%), A B B (0.46%) and Crompton Greaves (0.14%).
The HC index was at 6,580.82, up by 30.76 points or by 0.47%. The major gainers were Glenmark Pharmaceutical (3.62%), Glaxo SmithKline Pharmaceuticals (1.83%), Dr Reddy`S Laboratories (1.06%), Apollo Hospitals Enterprise (0.52%) and Divis Laboratories (0.22%).
On the other hand, the Realty index was at 3,674.02, down by 66.61 points or by 1.78%. The major losers were D L F (1.65%), Indiabulls Real Estate (1.35%), Anant Raj Industries (1.01%), D B Realty (0.95%) and Ackruti City (0.54%).
Market Breadth
Market breadth was negative with 1,420 advances against 1,327 declines.
Value and Volume Toppers
BS TransComm topped the value chart on the BSE with a turnover of Rs. 3,303.86 million. It was followed by Reliance MediaWorks (Rs. 768.13 million), Tata Motors (Rs. 474.39 million) and A B G Shipyard (Rs. 430.58 million).
The volume chart was led by Cals Refineries with trades of over 8.14 million shares. It was followed by BS TransComm (6.74 million), Alok Industries (6.14 million) and Shree Ashtavinayak Cine Vision (5.99 million).
Nifty closed 1.45 points up at 6119
Sensex closed 9.94 points down at 20345.69:

2nd Nov Morning Market Updates:

2nd Nov Morning Market Updates:
Stocks that are in news today:
RBI credit policy
Coal India refund expected today
Results today: Neyveli Lignite, Orbit Corp, SpiceJet, Berger Paints, Electrosteel Casting, Fortis Healthcare, GSK, Future Capital, Hindustan National Glass, Hyderabad Industries, Infinite Solutions, Jai Corp, Texmaco, Sabero Organics, TV today
Punj Lloyd Q2 (cr - crore, cons - consolidated, vs - versus)
Cons net profit at Rs 23.9 cr vs Rs 52.9 cr (YoY)
Cons net sales at Rs 1,958 cr Vs Rs 2,875 cr (YoY)
Cognizant Q3
Net profit up 18.3% at USD 203.7 million (QoQ)
Revenue up 10% at USD 1.2 billion (QoQ)
Q4 Guidance - Revenue seen at USD 1.3 billion
CY10 Guidance - Revenue seen up 38.8% at USD 4.6 billion
Cognizant says:
Had strong quarter on both revenue, income side
Customers beginning to spend on future initiatives
More comfortable about operating environment versus Q2
Good economic news coming out of UK
Deal pipeline looks strong going into next year
Clients' budget cycles have returned to normal
Very comfortable with co's ability to grow, hire
Cement Despatches:
Jaiprakash Associates October cement sales at 1.46 mt Vs 0.8 mt (YoY)
Ambuja Cements October cement sales up 19.9% at 1.75 mt (YoY)
Indian Metals
To hive off furnace operations into arm
To sell 24% stake in proposed furnace arm to POSCO
RNRL shares to stop trading from November 10
RNRL shares to stop trading on merger with Reliance Power
Govt sources say key report on FDI in multibrand retail by November 15 - exclusive
Panel studying comments on FDI in multibrand retail
Corporate actions:
Archies: Ex-split 5:1
Borosil glassworks: Ex-Dividendv at Rs 25 (cmp 725)
Gravity India
Total subscription at 0.87 times
QIB at 1X, HNI at 0.19X, Retail at 0.97X, Employee at 0.93
F&O cues:

Stock Futures add 4.4 cr shares in Open Int
Futures Open Int up Rs 2,951 crore

Options Open Int up Rs 5,292 crore
Nifty Futures add 8.5 lakh shares in Open Int
Nifty Futures at 35 pts prem from 26 pts
Nifty Open Int PCR up at 1.28 from 1.20
Nifty Puts add 61 lakh shares in Open Int
Nifty Calls add 13.6 lakh shares in Open Int
Nifty 6100 Put adds 19.4 lakh shares in Open Int
Nifty 6000 Put adds 6.8 lakh shares in Open Int
Nifty 6400 Call adds 5.7 lakh shares in Open Int
Nifty 5600 Put adds 12.2 lakh shares in Open Int
Nifty 5900 Put adds 4.4 lakh shares in Open Int
Nifty 6100 Call sheds 6.7 lakh shares in Open Int
FIIs in F&O on November 01
Net buy Rs 1516 crore in Nifty Futures
Net buy Rs 2262 crore in Nifty Options
Net sell Rs 74 crore in Stock Futures
Market cues:

RBI credit policy, US mid-term elections
Coal India refund expected today

NSE F&O Open Int was up by Rs 8,244 crore at `1.39 lakh crore
US markets off nearly 1% from days high
US mid-term elections today and FOMC tomorrow
FIIs were net buyers of USD 216.4 million on October 29 in the cash market
MFs were net buyers of Rs 17.5 crore on October 29 in the cash market
As per provisional data of November 01, FIIs were net buyers of Rs 712 crore; DIIs were net sellers of Rs 71 crore in cash markets. FIIs were net buyers of Rs 3651 crore in F&O.
US Markets:
US markets saw some strength in the early trade and the indices climbed 1% to trade near its five-month high but the mix of a stronger dollar, technical resistance and uncertainty ahead of this week's major events left stocks to slide and end on a mixed note.

Dow Jones Industrial Average was up 0.06% or 6.13 points at 11124.62. Nasdaq Composite was down 0.1% or 2.57 points at 2504.84. Standard & Poor's 500 was up 0.09% or 1.12 points at 1184.38.
In economic data in US, the October ISM manufacturing index came in at 56.9, a six-month high and exceeded the 54.0 that had been widely expected. The US construction spending for September was also strong. It increased 0.5% when a 0.7% decline had been expected.

Income and spending data was rather disappointing, but participants shrugged it off anyway. September personal income slipped 0.1% and spending increased a tepid 0.2%.
The dollar gained as investors prepared for a mid-term US congressional election and speculation about more monetary easing from the Fed.
Oil prices jump nearly 2% after unease about bombs found in Greece fueled earlier gains. Saudi Arabia's views on oil prices also supported the commodity's upmove.
Copper prices rose the most in a week as manufacturing accelerated in China, the world's biggest consumer.

01 Nov 2010 Daily Recommendations

01 Nov 2010 Morning Market Updates  08:50


Buy Adanient Abv 712 sl 703 T 722.
Buy Bajaj-auto Fut sl 1511 T 1540.
Buy Banknifty Fut Abv 12440 sl 12380 T 12550.
Buy BPCL sl 720 T 755.
Buy Finantech at declines(High risk High Return(P).
Buy GMRInfra Abv 55 sl 53.5 T 58.
Buy Hindpetro Abv 497 sl 480 T 527.

Sell Albk Bel 245 sl 251 T 235.
Sell Corpbank Bel 740 sl 746 T 731.
Sell Hindalco sl 210 T 198.
Sell Tatamotors sl 1172 T 1130.
Sell Ucobank Fut Bel 126 sl 129 T 122.

Stocks in News :

Results today: Lupin, GMDC, JSW energy, Century Textiles, Emami, Eveready Industries, Gammon Infra, Halonix, Hindustan motors, Punj Lloyd, PVR, Subros, Tourism Finance Corp.
Gravity India IPO issue opens today (closes November 3rd)

-Issue Size: Rs. 43.20 - 45 crore
-Issue Price: Rs 120 - Rs 125 per equity share
RIL Q2 (cr - crore, vs - versus, cons - consolidated)
-Net profit at Rs 4,923 cr vs Rs 3,852 cr; up 27.8% (YOY)
-Net sales at Rs 57,479 cr vs Rs 46,848 cr; up 22.6% (YOY)
-GRM at USD 7.9/barrel vs USD 7.3/barrel (QoQ)
RIL says
-H1 sales growth led by 29%volume growth, 20% price growth
-Improvement in refining & petchem margin outlook
-No fixed timeline yet on ramp up at KG D6
-Cracker shutdown, rupee & Panna Mukta affected 5-7% earnings
-Telecom & retail, 2 main areas of focus in service sector
Maruti Q2
-Net profit at Rs 598 cr vs Rs 570 cr; up 5% (YoY)
-Net sales at Rs 8,937 cr vs Rs 7,050 cr; up 27% (YoY)
-Q2 EBITDA margin at 10.7% versus 13% (YoY)
Maruti Says:
-See demand momentum continuing in Q3
-Have increased production by 10% from October
-Expect cost pressures due to higher raw material prices
-No plan to raise vehicle prices immediately
-October sales highest-ever in a single month; over 1 lakh units
-EBITDA margin down on currency fluctuation, raw material cost
-Q2 royalty payout at Rs 472 cr vs Rs 258 cr (YoY)
-Q2 royalty at 5.3% of net sales vs 5.17% (QoQ)
Hero Honda Q2 Very dissapointing results
-Net profit at Rs 506 cr Vs Rs 597 cr (YoY) (Expectation - Rs 545 cr )
-Net sales at Rs 4,511 cr Vs Rs 4,040 cr (YoY) (Expectation - Rs 4544 cr )
-OPM down at 13.4% versus 18.3% (Expectation - 14.6% )


NALCO Q2: (Numbers below expectations)
-Net profit at Rs 224 cr vs Rs 159 cr (YoY) (expectation of Rs 354.1 cr)
-Net sales at Rs 1,455 cr Vs `1,143 cr (YoY) (expectation of Rs 1532.9 cr)
-EBIDTA: 23.5% vs 12.01% (expectation of 31.5%)
Sun Pharma Q2:
-Net profit at Rs 504 cr Vs Rs 454 cr (YoY)
-Cons net sales at Rs 1,370 cr Vs Rs 1,185 cr (YoY)
-Nos not comparable, contain Taro’s financials
-Approves stock split ratio of 5:1
-TARO preliminary and unaudited Q3CY10 YoY
-Revenue up 10% to USD 103.2 million; OPM 23.3% vs 17.9%; PAT USD 18.9 million
SKS CFO Says -
-SKS reduced interest rate from 31.08% to 24.55%
-7% additional charges now dropped
-Charges include 3 components: Upfront Interest, cost of borrowing, insurance
-Company's earlier BSE release informed reduction of 2% interest
-Effective interest rate in AP for all new loans is 24.55%
-Have 3 slabs in India: 24.55% in AP, 27% in Karnataka, Orissa, WB
-Have slab of 30% in rest of India
Corporate action
-HUL: Ex dividend by Rs 3
-TCS: Ex dividend by Rs 2
-Indiabulls Financial: Ex dividend by Rs 5
DoT to launch country wide MNP on November 25 from Haryana
Earlier MNP was to happen from November 1
-ONGC eyes Exxon stake in Angolan field for USD 2 billion – ET
-Kamath qualified to step into my shoes: Murthy – ET
-STI India open offer at Rs 29/sh
-Oracle, Wipro said to be in race to acquire Sonata Software – DNA
-Jindal Saw to offer 2:1 swap ratio for demerger of its investment arm – DNA
-ONGC may stall Cairn-Vedanta deal – TOI
-Ansal Housing board approves allotment of 12 lakh warrants at Rs 70 to promoters.
-Balkrishna Industries board approves stock split of 5:1
-Securities in F&O ban: Core Projects, Jindal Southwest Holding
-Tata Motors hikes Nano prices by average Rs 9,000/unit from November 1
-Finance Minister agreed to give OMCs additional Rs 3000 crore for H1: Oil secy
F&O cues:

Stock Futures add 2.9 cr shares in Open Int
Futures Open Int down Rs 121 crore

Options Open Int up Rs 9599 crore
Nifty Futures down 62k lakh shares in Open Int
Nifty Futures at 26-pts prem versus 76-pts prem
Nifty Open Int PCR down at 1.20 from 1.27
Nifty Puts add 75.5 lakh shares in Open Int
Nifty Calls add 64.5 lakh shares in Open Int
Nifty 6500 Call adds 15.8 lakh shares in Open Int
Nifty 6100 Cal adds 12 lakh shares in Open Int
Nifty 6000 Put adds 10.6 lakh shares in Open Int
Nifty 5500 Put adds 10.3 lakh shares in Open Int
Nifty 5600 Put adds 9.5 lakh shares in Open Int
FIIs in F&O on October 29
FIIs net sell Rs 1318 crore in Index Futures
FIIs net buy Rs 1055 crore in Stock Futures
FIIs net sell Rs 256 crore in Index Futures