6th Dec 2010 Market Closing:

6th Dec 2010 Market Closing:

Nifty closed 7.10 points down at 5985.70
Sensex closed 1.91 points down at 19965.02
The Sensex having shed its gains, continues to trade in the positive terrain as it witnessed some profit booking. Metal and oil & gas stocks moved up, while banking, FMCG and PSU edged lower.
The 30-share benchmark index, BSE Sensex opened with a gain of 71.32 points or 0.36% at 20,038.25, while the broad based NSE Nifty started with a rise of 40.85 points or 0.68%, at 6,033.65.
Sensex Movers
Reliance Industries contributed rise of 37.78 points in the Sensex. It was followed by Tata Motors (19.75 points), Infosys Technologies (19.5 points), Tata Steel (16.2 points) and Housing Development Finance Corporation (15.44 points).
However, I C I C I Bank contributed fall of 33.25 points in the Sensex. It was followed by State Bank Of India (21.09 points), I T C (14.64 points), Hero Honda Motors (5.79 points) and Reliance Communications (1.81 points).
Biggest gainers in the 30-share index
Tata Motors 1357.85 (3.55%),
Hindalco Industries 221.35 (3.36%),
Tata Steel 635.05 (3.31%),
Sterlite Industries (India) 171.75 (3.29%),
Jaiprakash Associates 109.40 (3.02%),
Jindal Steel & Power 685 (2.99%).
Major losers in the Sensex.
Hero Honda Motors 1774.80 (2.51%),
I C I C I Bank 1143.20 (1.94%),
State Bank Of India 2935 (1.90%),
Reliance Communications 135 (1.43%),
I T C 168.50 (1.25%),
Mahindra & Mahindra 792 (0.30%)
Mid & Small-cap Space
The BSE Smallcap index was at 9847.86 down by 11.11 points or by 0.11%. The major losers were A B G Infralogistics (2.41%), A B G Shipyard (0.68%), Abhishek Industries (0.29%), Action Construction Equipment (0.25%) and Aegis Logistics (0.12%).
Sectors in Limelight
The Metal index was at 16,628.69, up by 438.26 points or by 2.71%. The major gainers were JSW Steel (4.85%), Bhushan Steel (3.89%), Hindalco Industries (3.36%), Jindal Steel & Power (2.99%) and National Aluminium Company (1.03%).
The Oil & Gas index was at 10,458.36, up by 133.55 points or by 1.29%. The major gainers were G A I L (India) (1.61%), Bharat Petroleum Corporation (1.38%), Cairn India (1.26%), Oil & Natural Gas Corporation (0.68%) and Hindustan Petroleum Corporation (0.44%).
The Power index was at 2,945.96, up by 29.22 points or by 1.00%. The major gainers were Bharat Heavy Electricals (1.91%), JSW Energy (1.24%), Reliance Infrastructure (0.87%), GVK Power & Infrastructure (0.37%) and G M R Infrastructure (0.31%).
On the other hand, the Bankex index was at 13,949.67, down by 116.45 points or by 0.83%. The major losers were Bank Of India(4.24%), Canara Bank (3.05%), I C I C I Bank (1.94%), Bank Of Baroda (1.05%) and Federal Bank (0.54%).
Market Breadth
Market breadth was positive with 1,573 advances against 1,320 declines.
Value and Volume Toppers
R P P Infra Projects topped the value chart on the BSE with a turnover of Rs. 1,140.90 million. It was followed by State Bank Of India (Rs. 1,035.97 million), Tata Motors (Rs. 1,023.12 million) and Tata Steel (Rs. 939.25 million).
The volume chart was led by Karuturi Global with trades of over 24.91 million shares. It was followed by Cals Refineries (19.57 million), R P P Infra Projects (15.82 million) and Sanraa Media (5.62 million).

6th December 2010 Daily Recommendations

6 Dec 2010 Morning Market Updates  09:00
Buy BankIndia Abv 495 sl 486 T 526 P
Buy Bhartiartl Abv 350 sl 343 T 360
Buy Bhel Abv 2244 sl 2220 T 2288/2348 P
Buy Divislab Abv 652
Buy IDBI Abv 175
Buy KFA Abv 73
Buy Reliance Abv 1018 (Close) sl 1005 T 1032/1046
Buy Renuka Abv 94 D
Buy Sail Abv 185 sl 181 T 191
Buy Ster Abv 171 sl 167 T 177
Sell Axisbank sl 1413 T 1390
Sell Lupin Bel 492 sl 500 T 483
Stocks that are in news today:
Tata Steel in focus
Riversdale Mining surges 12% after reports that Rio Tinto made a USD 3.5 billion bid for Africa-focused company;
Tata Steel is the largest shareholder holding 21.15% stake in company ((means Rs 35/sh for Tata Steel))
RBI likely to relax 70% provisioning rule for banks
RBI ED Anand Sinha said the central bank is working on a policy whereby banks will not be required to keep such higher provisioning against bad loans
This can positively impact banking stocks
GoI should support transfer of Indian asset to Indian owner
Believe GoI will honour contract; willing to allay any concerns
GoI must see how we turned around Hindustan Zinc (HZL), Balco
Have a proven track record; must be judged fairly
One of the largest exporters from India; one of the largest employers in India
Don’t believe there is a political witch hunt on
We have nothing to do with politics; we want to create big capital in India
Will plough back profit from Cairn blocks back into company
Have done the best we could for Cairn Deal; believe GoI will not hold up deal
Foreign investors watching Cairn-Vedanta deal closely
Foreign investors worried about delays, exit option
Perhaps Vested Interests at play but have patience
Shareholders across the world wondering about the delay
Positive interaction with Ministries on Cairn-Vedanta Deal
Believe in faith; whatever has to happen will happen
Positive and confident about the deal closing
Anyone can make a counter offer if they want; have paid top dollar
Anil Agarwal is here to stay; will not leave India
On Langigarh Mines -
Vedanta has complied with all rules
Not a blade of grass has been removed
l never flout any norms; I am more sensitive about the tribals
Rahul Gandhi is not against development
On environmental clearance issue
Jairam Raresh has given clearance for 40-50 projects
Only 2 projects have been not cleared
It’s a democratic country; my agenda is not different than the government
On Shifting to Gujarat & other states – We’ll expand our base India inspite of everything
Family has agreed to put 75% of wealth for philanthropic effort
On looking outside India – we are like a river; will flow regardless of mountains
We have a full 3 years plan and we’ll stick to it
Sterlite Energy IPO by early next year; waiting for SEBI approval
Konkana Mines listing by early next year; Either on London Stock Exchange or NY stock exchange
Konkana Mines likey to be listed in FTSE 100
Arbitration in HZL, BACLCO over; awaiting judgement
Hope residual stake sale in HZL, BALCO will be complete by Q1 next year
Bullish on Commodity Prices; demand is high
ICICI ups deposit rates by 25 to 50 bps across maturities
ICICI Bank ups PLR by 50bps
ICICI base rate unchanged at 7.75%
Mines Ministry Says
Have reached consensus on new mining draft bill
New Mining draft bill to come up before cabinet soon
Ministerial panel broadly okay with 26% profit sharing norm
DGCA says
Have met low-cost airlines; will meet other carriers soon
Have asked airlines to be transparent about bucket seats
Have asked airlines to be more reasonable on air fares
SpiceJet, Go Air, IndiGo Management met DGCA today
Reports suggest Airlines set to cut fares by 25%
DoT
DoT likely to send notices to telcos by December 20: Sources
DoT penalty to telcos will vary on case to case basis
DoT mulling grant of additional spectrum to 3 operators
F&O cues:

Total Nifty Futures down Rs 692 crore
Total Nifty Options up Rs 2,476 crore

Stock Futures add 4.5 lakh shares in Open Int
Nifty Open Int shed 1.2 lakh shares in Open Int
Nifty Futures prem at 25-pts prem versus 18-pts
Nifty Open Int PCR up at 1.26 versus 1.24
Nifty Puts add 22.8 lakh shares in Open Int
Nifty Calls add 7.5 lakh shares in Open Int
Highest Open Int Outstanding
At 5800 Put (74 lakh), 6000 Call (66 lakh shares)
Nifty 5900 Put adds 8.6 lakh shares in Open Int
Nifty 6000 Put adds 7.1 lakh shares in Open Int
Nifty Jan 5600 Put adds 5.9 lakh shares in Open Int
Nifty 6100 Call adds 3 lakh shares in Open Int
Nifty Jan 6400 Call adds 2.7 lakh shares in Open Int
Nifty 6100 Put adds 2.3 lakh shares in Open Int
FIIs in F&O on Dec 03
FIIs net buy Rs 333 crore in Index Futures
Index Futures Open Int up by 2,131 contracts
FIIs net sell Rs 329 crore in Index Options
Index Options Open Int up by 1,271 contracts
FIIs net buy Rs 482 crore in Stock Futures
Stock Futures Open Int down by 2,600 contracts
Market cues:

NSE F&O Open Int up Rs 1,784 crore at Rs 1.38 lakh crore
FIIs net buy USD 103 million in cash market on December 02

RPP Infra to list today
RPP Infra raised Rs 48.75 crore via issue at Rs 75
US mkts recover despite disappointing jobs report
Dollar index down 1.4%
As per provisional data of December 03, FIIs were net buyers of Rs 604 crore in the cash market. FIIs were net buyers of Rs 568 crore in the F&O market. DIIs were net sellers of Rs 690 crore in the cash market.
US Markets:
US stocks closed their best week in a month on Friday, shrugging off tepid jobs growth in a sign that the rally may have further to run.

Stocks gained late in the day after reports that Federal Reserve Chairman Ben Bernanke said in a CBS television interview recorded on November 30 that he does not rule out more than the announced USD 600 billion in Fed asset purchases. The interview with "60 Minutes" has yet to be televised.
The S&P 500 rose 3% this week, as investors were reassured by signs the economy is stabilizing and have taken a more optimistic view of Europe's debt crisis. This has helped push the S&P 500 close to a new two-year high.

"We're within 5 to 6 points on the S&P of brand-new recovery cycle highs," said Jim Paulsen, chief investment officer at Wells Capital Management, in Minneapolis. "If it does break through, there is a lot of room to the upside."
Despite a modest day for major averages, the PHLX Semiconductor Index and the Dow Jones Transportation Average touched 52-week highs, a positive sign as both are viewed as market bellwethers.
Paulsen said the jobs number was such an outlier that it did not shake investors' new-found confidence in the economic recovery.
"The economic momentum is not doused by what we got this morning," he said. But he added, "If data reports start going weak in the next few weeks, then this jobs number is going to get a lot more attention."
Volume was at its lowest level this week, according to early data, and was well below its daily average so far this year.
But the market's breadth was overwhelmingly positive on both the New York Stock Exchange and the Nasdaq, where about eight stocks rose for every five that fell.
The Dow Jones industrial average rose 19.68 points, or 0.17%, to end at 11,382.09. The Standard & Poor's 500 Index added 3.18 points, or 0.26%, to 1,224.71. The Nasdaq Composite Index gained 12.11 points, or 0.47%, to close at 2,591.46.
Alcoa and banks rise, VIX falls
Commodity-related shares benefited from a weaker dollar, which declined after the jobs report. Aluminum company Alcoa Inc gained 1% to USD 14.22.
Financials, which had their biggest day in three months on Thursday, extended gains late in Friday's session. The KBW bank index rose 0.8%.
Employment barely grew in November. Nonfarm payrolls rose by only 39,000, much weaker than the 140,000 new jobs that economists forecast. The US unemployment rate unexpectedly jumped to a seven-month high of 9.8%, the Labor Department said.
But recent data, including retail sales and other labor reports, have raised optimism the recovery remains on track after hitting a soft patch in the summer when fears of a double-dip recession drove stocks sharply lower.
Investors also said the Federal Reserve would be less likely to cut stimulus to the economy while employment remained weak.
The lack of investor alarm over the jobs report was reflected in the CBOE Volatility Index, or VIX, known as Wall Street's "fear gauge," which shed 7.1% to 18.01
The S&P 500 faced strong technical resistance at about 1,228, near a recent high of more than two years and also the 61.8% Fibonacci retracement of the index's slide from October 2007 to March 2009, a key technical indicator.
Paulson said that traders wanted to stay positioned for a potential year-end rally if stocks break through resistance.
Support for the benchmark kicks in at 1,200, which was recently a stubborn resistance point, and the top end of its recent trading range, and near 1,195, its 10-day moving average.
Also helping to curb stocks' decline was the euro's gain on Friday of more than 1% against the US dollar to USD 1.3422. In recent weeks, the euro's moves have been tightly coupled with US and global equities.
In company news, US-based mining group Walter Energy Inc agreed to buy Canada's Western Coal Corp for about USD 3.25 billion to create the world's leading metallurgical coal producer. Walter added 4.7% to USD 110.52.
Combined volume on the New York Stock Exchange, Amex and Nasdaq was 6.87 billion, compared with a daily average of 8.47 billion so far this year.

3rd Dec Market Closing

3rd Dec Market Closing:

If the recent spate of scams weren’t bad enough, the government is closing in on yet another scam, this time involving the hospitality sector. Sources close to the government say it is zeroing in on misuse of foreign direct investment or FDI in the hospitability business. It is believed that FDI is being used for arbitrage by foreigners. The fear is that the funds, meant for hotels, are getting diverted to realty.
The industry department is currently probing the issue to ascertain projects misusing FDI. Sources say the government is all set to take immediate action to stop the exploitation guidelines.
Nifty closed 8.75 points down at 6002.95  
Sensex closed 0.19 points up at 19992.89
The 30-share benchmark index, BSE Sensex opened flat with a rise of 15.19 points or 0.08% at 20,007.89, while the broad based NSE Nifty began flat with a gain of 1.65 points or 0.03%, at 6,013.35.
Sensex Movers
I C I C I Bank contributed fall of 24.67 points in the Sensex. It was followed by State Bank Of India (16.17 points), Reliance Industries (14.02 points), Tata Steel (10.96 points) and Sterlite Industries (India) (9.97 points).
However, Infosys Technologies contributed rise of 16.97 points in the Sensex. It was followed by Hero Honda Motors (6.68 points), Hindustan Unilever (5.77 points), Mahindra & Mahindra (4.97 points) and Bharti Airtel (3.13 points).
Biggest gainers
Hero Honda Motors 1839.55 (2.62%),
Hindustan Unilever 299.25 (1.37%),
Mahindra & Mahindra 799.90 (1.11%),
Infosys Technologies 3125 (0.87%),
Wipro 427.60 (0.71%),
Cipla 370.25 (0.69%).

Biggest losers
Jaiprakash Associates 107.40 (5.78%),
Reliance Infrastructure 836.45 (4.60%),
D L F 306.65 (4.22%),
Reliance Communications 139.35 (3.24%),
Sterlite Industries (India) 165.85 (2.80%),
Tata Steel 614.55 (2.20%)
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining 2.46% and 3.12% respectively.
The major losers in the BSE Midcap were Ackruti City (19.99%), Core Projects and Technologies (9.22%), Alstom Projects India (4.49%), A I A Engineering (3.07%) and Aban Offshore (2.95%).
The major losers in the BSE Smallcap were Abhishek Industries (4.79%), Aarti Industries (4.34%), A B G Infralogistics (2.38%), A K Capital Services (1.19%) and INEOS ABS (India) (0.01%).
Sectors in Limelight
The Realty index was at 2,946.95, down by 136.57 points or by 4.43%. The major losers were Ackruti City (19.99%), Indiabulls Real Estate (6.33%), Housing Development and Infrastructure (6.31%), Anant Raj Industries (5.83%) and D L F (4.22%).
The Consumer Durables index was at 6,378.99, down by 247.78 points or by 3.74%. The major losers were Gitanjali Gems (5.03%), Rajesh Exports (3.79%), Bajaj Electricals (3.05%), Whirlpool Of India (2.05%) and Blue Star (1.26%).
The IPO index was at 1,972.52, down by 40.72 points or by 2.02%. The major losers were Aqua Logistics (7.51%), ARSS Infrastructure Projects (5.77%), Aster Silicates (4.89%), Adani Power (4.13%) and Ashoka Buildcon (3.22%).
On the other hand, the IT index was at 6,231.93, up by 41.71 points or by 0.67%. The major gainers were H C L Technologies (1.53%), Infosys Technologies (0.87%), Mphasis (0.19%), Oracle Financial Services Software (0.07%) and Tata Consultancy Services (0.05%).
Market Breadth
Market breadth was negative with 644 advances against 2,263 declines.
Value and Volume Toppers
Gorani Industries topped the value chart on the BSE with a turnover of Rs. 0.00 million. It was followed by Welspun Corp (Rs. 962.31 million), State Bank Of India (Rs. 954.54 million) and Delta Corp (Rs. 846.17 million).
The volume chart was led by Cals Refineries with trades of over 18.90 million shares. It was followed by Karuturi Global (15.39 million), Delta Corp (7.89 million) and Birla Power Solutions (6.42 million).

3 Dec 2010 Daily Recommendation

3 Dec 2010 Morning Market Updates  09:00


Positional Traders : Hold Long Nifty Fut sl 5965


Intraday Nifty Fut Buy above 6037 or Sell Below 6018
 
Buy Aban Abv 761 sl 752 T 774/786


Buy Andhrabank Abv 170 sl 166 T 175
Buy Ashokley sl 74.25 T 76.5
Hold Long Bank Nifty Fut sl 12460
Buy Bhusanstl Abv 475 sl 467 T 492
Buy HDIL Abv 217 sl 211 T 227
Hold Long Patni sl 462
Buy Powergrid sl 98 T
Hold Long Prajind sl 72.5 T 82(P)
Hold Long Relcapital sl 704
Buy Reliance Fut Abv 1018 sl 1001 T 1038/1046
Hold Long SBIN sl 3007 T 3353/3390 (P)


Sell Ultracemco sl 1116 T 1070

Disclaimer about our Recommendations

Disclaimer :

Disclaimer about our recommendations :

This blog 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. 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 except recommendations. 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 their risk tolerance capacity as well as also re-verify 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.

2 Dec 2010 Global Market Updates

2 Dec 2010  22:30


Global Markets Updates :

Shanghai :                2,843.61 +20.16 (0.71%)



Nikkei 225 :            10,168.52 +180.47 (1.81%)


Hang Seng Index :   23,448.78 +198.98 (0.86%)


TSEC :                     8,585.77 +65.66 (0.77%)


FTSE 100 :               5,767.56 +125.06 (2.22%)


DJ EURO STOXX 50 : 2,781.39 +59.52 (2.19%)


CAC 40 :                  3,747.04 +77.75 (2.12%)


S&P TSX :        13,179.26 +30.91 (0.24%)


S&P/ASX 200 :   4,676.20 +89.60 (1.95%)


Dow Jones :             11352.08 +96.30 (0.86%)

Nasdaq :                  2572.5 +23.15 (0.91%)

2nd Dec Market Closing

2nd Dec Market Closing:
Nifty closed 48.30 points up at 6009.20
Sensex closed 136.74 points up at 19986.74

02 Dec 2010 Morning Market Updates

02 Dec 2010 Morning Market Updates  08:34


Market will open with gap up on positive global cues.
Nifty has an immediate resistance around 6030 level and next resistance will be at 6070.


Today's Recommendations :


Suzlon, IDBI, DLF, SBI, Relcapital


Stocks in News :
-Cabinet okays 1:1 bonus, stock split in ONGC
-Govt to sell 5% equity stake in ONGC
Cabinet approves Rs 6,000 crore capital infusion to PSBs
-Move to raise govt holding in PSBs to 58%
-10 PSBs to benefit from capital infusion
Alert: Rs 15,000 crore capital infusion already provided in budget
Finance Ministry says:
-Move to enhance lending capacity
-Move to benefit agri, MSME lending
-Move to help PSBs raise additional capital from markets
Hero Honda
-November total sales up 10.5% at 4.21 lakh units
-Hope to maintain buoyancy in sales going forward
-Sales showing healthy growth even on large base
Dewan Housing
-To buy Deutschepost Indian assets for Rs 1,080 crore
-Company, promoters, investors to fund deal
Mastek buys assets of UK-based SEG Software
-SEG Soft's Assets to aid co's insurance products in North America
-SEG Software asset buy by arm 'not a large deal'
-See SEG Software assets buy aiding revenue after 3 years
IPO Update : MOIL
-Subscribed 54.61 times (X); Retail 10.86x,NII 8.77x, Employee 0.2x, QIB Portion 49.16x

-PNB hikes 8% interest rate on TDs of Rs 1-10 crore of 1 year & above


-UltraTech Cement November cement sales down 9.3% at 2.66 mt (YoY)


-Jaypee Cement November cement sales up 13% at 1.1 mt


Sesa Goa closes third party mining operations in Orissa
-Contract for 3rd party mining in Barbil expired on November 30
-Company was working on short-term renewals since June 2009
-Mining operations ceased now due to lack of viable commercial term
-Orissa operation was the highest cost operation


-Jubilant Life demerged agri & performance polymers operations to Jubliliant Holdings
-Indian Bank Hikes BPLR By 25 bps To 13%
-Murli Ind: Board meet today consider sale of cement business
-Bharti, Punj Lloyd bid for TCIL’s 30% in Hexacom – ET

F&O Updates :

F&O cues:







Total Nifty Futures up Rs 1,091 crore
Total Nifty Options up Rs 4.345 crore







Stock Futures add 3.2 crore shares in Open Int






Nifty Open Int add 8 lakh shares in Open Int






Nifty Futures prem at 20-pts prem versus 25-pts






Nifty Open Int PCR up 1.22 from 1.21






Nifty Puts add 21.67 lakh shares in Open Int






Nifty Calls add 16.1 lakh shares in Open Int
Nifty 5900 Put adds 12.4 lakh shares in Open Int
Nifty 5800 Put adds 8.7 lakh shares in Open Int
Nifty 6100 Call adds 8.5 lakh shares in Open Int
Nifty 6200 Call adds 4.8 lakh shares in Open Int
Nifty 6000 Put adds 3.8 lakh shares in Open Int

Nifty 5600 Put shed 5.5 lakh shares in Open Int
Nifty 5400 Put shed 4 lakh shares in Open Int
Highest Open Int Outstanding
Shifts to 5800 & 5700 Put fm 5600 Put & 6000 Call
FIIs in F&O on December 1
FIIs net buy Rs 937 crore in Index Futures
FIIs net sell Rs 5.83 crore in Index Options
FIIs net buy Rs 753 crore in Stock Futures
FIIs were net buyers to the tune of Rs 1671 crore in F&O market on Wednesday. FIIs were net buyers of Rs 937 crore in Index Futures, which open interest (OI) was up by 2,244 contracts. They were net buyers of Rs 753 crore in Stock Futures, which OI was down by 5,017 contracts.
Nifty futures added 8 lakh shares in OI and ended at 20 points premium versus 25 points premium. Stock Futures added 3.2 crore shares in OI. Nifty Open Interest PCR was up at 1.22 from 1.21.
Nifty 5900 Put added 12.4 lakh shares in Open Interest and Nifty 5800 Put added 8.7 lakh shares in Open Interest while Nifty 6100 Call added 8.5 lakh shares in Open Interest.
Long buildup was seen in Suzlon Energy. The stock surged 8.8%; its OI was up 6% and delivery volume increased at 42.5 lakh shares as against 37 lakh shares.
Short covering was seen in IOC and IVRCL Infrastructure. IOC rallied 11.5%; its OI was down 6% and delivery volume jumped at 17.3 lakh shares versus 7.7 lakh shares. IVRCL Infrastructure gained 10.5%; its OI was down 9%.
Cabinet approved capital infusion in public sector banks and Andhra Bank is one of those candidate. The stock rose 3.6% and its OI was up 27%.
Short covering continued in HCC. The stock gained 4.1% and its OI was down 11%.


Disclaimer :



This blogs 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. 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.

1 Dec Closing Market Update:

1 Dec Closing Market Update:

The Sensex rallied further on relentless buying seen across board. Broader markets too traded higher. In sectoral space, metal and PSU were in the limelight followed by banking, consumer durable and oil & gas.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 8.74 points or 0.04% at 19,529.99, while the broad based NSE Nifty started with a fall of 51.10 points or 0.87%, at 5,811.60.
Sensex Movers
State Bank Of India contributed rise of 41.51 points in the Sensex. It was followed by H D F C Bank (37.02 points), I C I C I Bank (35.34 points), Larsen & Toubro (26.08 points) and Tata Steel (24.85 points).
However, Bharti Airtel contributed fall of 15.2 points in the Sensex. It was followed by Wipro (4.24 points), Hero Honda Motors (3.94 points), Maruti Suzuki India (1.36 points) and Hindustan Unilever (0.56 points).
Major gainers in the 30-share index were Cipla (5.53%), Tata Steel (5.02%), Hindalco Industries (4.46%), Reliance Communications (3.94%), State Bank Of India (3.87%), and Mahindra & Mahindra (3.68%).

On the other hand, Bharti Airtel (2.61%), Hero Honda Motors (1.55%), Wipro (1.30%), Maruti Suzuki India (0.52%), and Hindustan Unilever (0.13%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 2.55% and 3.07% respectively.
The major gainers in the BSE Midcap were A I A Engineering (6.46%), Aban Offshore (5.87%), Ackruti City (3.79%), Alstom Projects India (2.35%) and Allahabad Bank (0.92%).
The major gainers in the BSE Smallcap were Aarti Industries (4.7%), A B G Shipyard (4.47%), Abhishek Industries (4.13%), A B G Infralogistics (2.85%) and INEOS ABS (India) (0.87%).
Sectors in Limelight
The PSU index was at 9,585.81, up by 294.81 points or by 3.17%. The major gainers were Bank Of India(3.58%), Bank Of Maharashtra (3.21%), Andhra Bank (1.39%), Bank Of Baroda (1%) and Allahabad Bank (0.92%).
The Metal index was at 16,121.95, up by 495.84 points or by 3.17%. The major gainers were JSW Steel (6.45%), Hindalco Industries (4.46%), National Aluminium Company (4.04%), Hindustan Zinc (2.82%) and Jindal Steel & Power (2.29%).
The Bankex index was at 14,006.76, up by 387.99 points or by 2.85%. The major gainers were Federal Bank (3.6%), Bank Of India (3.58%), H D F C Bank (3.31%), Canara Bank (1.14%) and Bank Of Baroda (1%).
The Consumer Durables index was at 6,575.62, up by 141.18 points or by 2.19%. The major gainers were Gitanjali Gems (6.37%), Titan Industries (2.8%), Bajaj Electricals (1.94%), Whirlpool Of India (0.93%) and Blue Star (0.91%).
Market Breadth
Market breadth was positive with 2,385 advances against 559 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,858.10 million. It was followed by L I C Housing Finance (Rs. 901.09 million), Jubilant FoodWorks (Rs. 874.70 million) and Tata Steel (Rs. 810.58 million).
The volume chart was led by Cals Refineries with trades of over 238.93 million shares. It was followed by Birla Power Solutions (11.04 million), Sanraa Media (9.20 million) and FCS Software Solutions (7.87 million).

1st Dec Morning Market Updates:

1st Dec Morning Market Updates:
Stocks that are in news today:

IFCI acquires 2.02% stake in Tourism Finance between March and November
IFCI is looking at controlling stake in TFCI
TFCI Board on November 25 had rejected IFCI’s proposal to induct 3 additional directors and replace the current CMD
Honda Global CEO says

Have good relations with Hero Honda for last 25 years
Can’t comment on the relationship going forward
HCL Tech
Deal with Purdue Pharma is a multi million dollar deal
Cannot comment on the amount as per NDA
Alert: NDA is non-disclosure agreement
Deal will allow us to control two data centers of Purdue Pharma
Expect revenues from deal to tick in by next quarter
IPO Corner
MOIL issue subscribed 29.1 times, QIBs: 49.16x, NIIs: 8.77x, Retail: 10.86x
Claris (closes tomorrow): total subscribed 0.43x, QIBs: 0.11x, NIIs: 0.11x, Retail: 1.02x
SCI (closes on Thursday): total subscribed 0.35x, QIBs: 0.68x, NIIs: NA, Retail: 0.05x
Uninor
Uninor makes Rs 96 crore provision for rollout penalties
Rollout delays due to late security nod by govt
Govt delay in equipment import nod impacted rollout
Uninor to bring this delay to govt’s attention
Uninor Says
Yet to receive any formal communication from DoT
Premature to comment till we hear from DoT
Company a credible commercial operator with nearly 14 million subscribers
Welcome structured & transparent approach by DoT
Will certainly respond to any request from authorities
Other stocks and sectors that are in news today:
Ramky starts work on the Rs 380 crore Gabon Special Economic Zone, West Africa
SAIL signs MoU with Kobe Steel for comprehensive strategic collaboration
PSU oil cos to up ATF prices by average Rs 658/kL from Wednesday
Lavasa moves Bombay HC against MoEF showcause notice
Indowind Energy: Board meet on December 8 to consider issue of DVR and transfer of assets to its subsidiary company
MRF board approves proposal for sale and transfer of the co's Speciality Coatings Division to wholly owned
F&O cues:

Total Nifty Futures' open interest (OI) was up by Rs 1,227 crore
Options' open interest up by Rs 3,763 crore
Stock Futures added 2 crore shares in OI
Nifty Futures premium at 15 points versus 28 points premium
Nifty Open Interest PCR was down at 1.23 from 1.26
Total Puts added 23.6 lakh shares in OI
Calls added 30.7 lakh shares in OI
Nifty 6300 Call added 7.2 lakh shares in Open Int
Nifty 5700 Put added 6.5 lakh shares in Open Int
Nifty 6200 Call added 4.8 lakh shares in Open Int
Nifty 5400 Put added 4.24 lakh shares in Open Int
Nifty 6000 Call added 3.9 lakh shares in Open Int
Nifty 5900 Call added 3.8 lakh shares in Open Int
FIIs in F&O on November 30 as per NSE

FIIs net buy Rs 698 crore in Index Futures
Index Futures OI up by 10,658 contracts
FIIs net buy Rs 668 crore in Index Options
Index Options OI up by 35,508 contracts
FIIs net buy Rs 526 crore in Stock Futures
Stock Futures OI up by 4,882 contracts
Market cues:

NSE F&O open interest was up by Rs 4,990 crore at Rs 1.23 lakh crore
FIIs were net sellers to the tune of USD 147 million while mutual funds were net buyers of Rs 235 crore in the cash market on November 26, as per data available on SEBI website.

FIIs were net buyers of Rs 156 crore and DIIs net buyers of Rs 199 crore in cash market on November 29, as per provisional data on NSE. FIIs were net buyers of Rs 1,823 crore in F&O market
US Markets:
The US markets ended lower on sovereign debt concerns in the eurozone. However the indices came off lows as the market found support around the 1174 level on S&P 500. Meanwhile the CBOE volatility index rose above 23.

The Dow Jones Industrial Average closed at 11,006.02, down 46.47 points or 0.42% from previous closing value. The Nasdaq Composite fell 26.99 points or 1.07% to 2,498.23 and the S&P 500 Index ended at 1,180.55, down 7.21 points or 0.61%.
Economic data helped cut losses on Wall Street, the US consumer confidence index improved in November to a five-month high of 54.1 from 49.9 in October. The index had been widely expected to improve to a more moderate 52.

But home prices fell 1.5% in September, according to the Standard & Poor's/Case-Shiller House Price Index. Nationally, home prices fell 2% from a year earlier.
Paul Hickey, Co-founder of Bespoke said, "The economy is back from its summer vacation so to speak and we are in a solid steady growth mode not optimal but we are growing. And we think that will help to move the market higher throughout as we come to year end."
In data to watch out for, the ISM Manufacturing Index is expected to come at 57. October saw a figure of 56.9.
Analysts expect US auto sales in November to be held above 12 million vehicles on an annual basis, a gain of about 10% from a year earlier. Sales are expected to be boosted by discounts and a slow return of consumer demand.
The ADP national employment report and the challenger job-cut report for November is expected today.
European markets ended lower on mounting fears arising from the Irish sovereign crisis and the subsequent contagion it may cause.
In the currency space, the dollar gained as the euro plunged to 2 and half month lows with losses seen accelerating on nagging worries about euro zone sovereign debt.
In commodities, oil fell as concerns that Europe's debt crisis will widen battered the euro and added to ongoing concerns about China's economic growth.