10th March 2011 Market Closing Updates

10th March 2011 Market Closing Updates:

Indian equities dropped on Thursday erasing earlier gains. the Sensex was trading down 160.36 points or 0.87% at 18,309.59 with 24 components falling. Meanwhile, the Nifty was trading lower by 43.50 points or 0.79% at 5,487.50 with 35 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 39.11 points or 0.21% at 18,430.84, while the broad based NSE Nifty started with a fall of 14.90 points or 0.27%, at 5,516.10.
Sensex Movers
ICICI Bank contributed fall of 27.54 points in the Sensex. It was followed by Reliance Industries (17.83 points), State Bank Of India (15.34 points), Tata Consultancy Services (12.14 points) and Tata Steel (11.59 points).
However, Hero Honda Motors contributed rise of 2.3 points in the Sensex. It was followed by D L F (1.59 points), Bharat Heavy Electricals (1.51 points), Maruti Suzuki India (1.28 points) and Sun Pharmaceutical Industries (1.16 points).
Biggest gainers in the 30-share index
D L F (1.35%),
Hero Honda Motors (1.21%),
Reliance Energy (0.93%),
Reliance Communications (0.76%),
Maruti Suzuki India (0.54%),
Bharat Heavy Electricals (0.34%).
The major losers in the Sensex.
Mid & Small-cap Space

Hindalco Industries (2.54%),
Tata Power Company (2.38%),
Tata Steel (2.26%),
ICICI Bank (1.91%),
State Bank Of India (1.60%),
NTPC (1.57%)
The BSE Mid and small caps outperformed their larger counterparts declining-0.27% and -0.29% respectively.
The major losers in the BSE Midcap were A I A Engineering (3.8%), A2Z Maintenance & Engineering Services (3.49%), Core Projects and Technologies (0.63%), Alok Industries (0.23%) and Allcargo Global Logistics (0.1%).
The major losers in the BSE Smallcap were INEOS ABS (India) (1.97%), A B G Infralogistics (1.85%), Abhishek Industries (1.65%), A K Capital Services (1.13%) and Aarti Industries (0.1%).
Sectors in Limelight
The Metal index was at 15,635.76, down by 238.13 points or by 1.5%. The major losers were JSW Steel (2.99%), Hindalco Industries (2.54%), Jindal Saw (2.1%), Hindustan Zinc (1.71%) and Jindal Steel & Power (1.55%).
The Bankex index was at 12,298.49, down by 159.26 points or by 1.28%. The major losers were Canara Bank(1.64%), Federal Bank (1.22%), Bank Of India (1.17%), Bank Of Baroda (0.53%) and H D F C Bank (0.16%).
The IPO index was at 1,700.35, down by 12.54 points or by 0.73%. The major losers were BS TransComm (4.31%), ARSS Infrastructure Projects (2.8%), Aster Silicates (2.17%), Aqua Logistics (1.15%) and Bajaj Corp (0.02%).
The PSU index was at 8,529.06, down by 59.04 points or by 0.69%. The major losers were Bank Of India(1.17%), Allahabad Bank (1.09%), Balmer Lawrie & Company (0.7%), Andhra Bank (0.68%) and Bank Of Baroda (0.53%).
Market Breadth
Market breadth was negative with 1,173 advances against 1,551 declines.
Value and Volume Toppers
Acropetal Technologies topped the value chart on the BSE with a turnover of Rs. 3,627.97 million. It was followed by Tata Coffee (Rs. 1,354.92 million), State Bank Of India (Rs. 743.48 million) and Tata Steel (Rs. 720.20 million).
The volume chart was led by Acropetal Technologies with trades of over 35.94 million shares. It was followed by Cals Refineries (16.93 million), Sanraa Media (11.22 million) and Reliance Communications (6.36 million).

9th March 2011 Market Closing Updates

9th March 2011 Market Closing Updates:

Indian equities continued to rally for the second day on Wednesday.Sensex was trading up 34.83 points or 0.19% at 18,474.48 with 18 components gaining. Meanwhile, the Nifty was trading higher by 4.85 points or 0.09% at 5,525.65 with 30 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 83.15 points or 0.45% at 18,522.80, while the broad based NSE Nifty started with a rise of 21.60 points or 0.39%, at 5,542.40.
Sensex Movers
Reliance Industries contributed rise of 21.64 points in the Sensex. It was followed by I C I C I Bank (18.78 points), Tata Consultancy Services (8.3 points), Reliance Communications (8.28 points) and Reliance Infrastructure (2.76 points).
However, Infosys Technologies contributed fall of 7.59 points in the Sensex. It was followed by State Bank Of India (4.25 points), NTPC (3.7 points), Sun Pharmaceutical Industries (3.6 points) and Housing Development Finance Corporation (3.57 points).
Biggest gainers
Reliance Communications (9.75%),
Reliance Energy (2.49%),
Bajaj Auto (2.27%),
ICICI Bank (1.29%),
Jaiprakash Associates (1.25%),
D L F (1.10%).

On the other hand, Cipla (1.79%), NTPC (1.00%), Sterlite Industries (India) (0.86%), Hindustan Unilever (0.68%), Jindal Steel & Power (0.51%), and Bharti Airtel (0.45%) were the major losers in the Sensex.






Mid & Small-cap Space






The BSE Mid and small caps outperformed their larger counterparts gaining 0.56% and 0.73% respectively.






The major gainers in the BSE Midcap were A2Z Maintenance & Engineering Services (1.05%), A B G Shipyard (0.79%), Alstom Projects India (0.31%), Aban Offshore (0.11%) and A I A Engineering (0.08%).






The major gainers in the BSE Smallcap were INEOS ABS (India) (2.05%), Abhishek Industries (1.53%), Provogue (India) (1.22%), Aarti Industries (0.68%) and A B G Infralogistics (0.24%).






Sectors in Limelight






The Realty index was at 2,103.43, up by 32.95 points or by 1.59%. The major gainers were Indiabulls Real Estate (3.53%), Anant Raj Industries (3.07%), Ackruti City (2.28%), D B Realty (1.28%) and D L F (1.1%).






The Consumer Durables index was at 5,778.88, up by 38.00 points or by 0.66%. The major gainers were V I P Industries (4.87%), Whirlpool Of India (3.84%), Titan Industries (0.96%), Blue Star (0.91%) and Gitanjali Gems (0.25%).






The Auto index was at 8,850.07, up by 58.44 points or by 0.66%. The major gainers were Apollo Tyres (3.8%), Amtek Auto (2.83%), Bajaj Auto (2.27%), Hero Honda Motors (0.85%) and Ashok Leyland (0.29%).






On the other hand, the HC index was at 5,840.47, down by 32.42 points or by 0.55%. The major losers were Cipla (1.79%), Cadila Healthcare (1.57%), Biocon (0.71%), Apollo Hospitals Enterprise (0.35%) and Divis Laboratories (0.33%).






Market Breadth






Market breadth was positive with 1,669 advances against 1,187 declines.






Value and Volume Toppers






Tata Coffee topped the value chart on the BSE with a turnover of Rs. 4,216.13 million. It was followed by Reliance Industries (Rs. 1,609.73 million), Bajaj Finserv (Rs. 1,009.48 million) and State Bank Of India (Rs. 988.64 million).






The volume chart was led by Cals Refineries with trades of over 8.42 million shares. It was followed by Reliance Communications (8.38 million), I F C I (5.63 million) and Unitech (5.61 million).

IPO Updates

Lovable Lingerie :

Women's innerwear manufacturer Lovable Lingerie has entered capital market with an aim to raise about Rs 93.28 crore via its public issue of 45.5 lakh equity shares of face value of Rs 10 each.

So far the company has received good response for its anchor investor portion garnering Rs 14 crore. It received another Rs 20 crore from private equity player Sequoia Capital. The price band is fixed at Rs 195-205 a share for the issue, which closes on March 11.Incorporated in 1987, Lovable Lingeries Ltd is one of India's leading women's innerwear manufacturers. Company was licensed the brand "Lovable" from Lovable World Trading Company, USA in 1995. "LOVABLE" is India's First Premium International Lingerie Brand.
Company's products include brassieres, panties, slips / camisoles, homewear, shapewear, foundation garments and sleepwear products. "Lovable" and "Daisy Dee" are the flagship brands. Company is headquartered in Mumbai, Maharashtra and has three manufacturing facilities of which two are situated at Kanakapura road in Bengaluru and one is situated in Roorkee, Uttarakhand. Company's brand "Lovable" is amongst the top three most preferred brand in women’s innerwear in India.

Company Promoters:

Mr. L. Vinay Reddy, is the Chairman and Managing Director of the Company.

Company Financials:

Particulars	For the year/period ended (in Rs. Lacs)
	31-Dec-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	8,657.21	8,678.60	6,881.80	6,308.11	4,539.31	3,189.68
Profit After Tax (PAT)	1,260.67	978.96	601.94	393.58	329.07	290.43

Objects of the Issue:

The objects of the Issue are:
1. Setting up of a manufacturing facility to create additional capacity at Bengaluru;
2. Expenses to be incurred for Brand Building;
3. Brand Development expenses for "College Style" brand;
4. Investment in Joint Venture;
5. Setting up of Exclusive Brand Outlets ("EBO’s");
6. Setting up of retail store modules for "shop-in-shop";
7. Up gradation of design studios;
8. General corporate purpose; and
9. Public issue expenses.

Issue Detail:

  »»  Issue Open: Mar 08, 2011 - Mar 11, 2011
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 4,550,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 88.73 - 93.28 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 195 - Rs. 205 Per Equity Share
  »»  Market Lot: 30 Shares
  »»  Minimum Order Quantity: 30 Shares
  »»  Listing At: BSE, NSE

Lovable Lingeries Ltd IPO Grading

CARE has assigned an IPO Grade 3 to Lovable Lingeries Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

Bidding Status (IPO subscription detail):

	Number of Times Issue is Subscribed (BSE + NSE)
As on Date & Time	Qualified Institutional Buyers (QIBs)	Non Institutional Investors	Retail Individual Investors (RIIs)	Total
Shares Offered / Reserved	1,592,500	682,500	1,592,500	3,867,500
Day 1 - Mar 08, 2011 17:00 IST	0.0000	0.0000	0.1600	0.0700

IPO Listing Detail

Listing Date:
BSE Scrip Code:
NSE Symbol:
Listing In:
Sector:
ISIN:
Issue Price:
Face Value:	Rs. 10.00 Per Equity Share

Listing Day Trading Information

Lovable Lingeries Ltd IPO Links

›  Draft Prospectus with SEBI

›  Red Herring Prospectus

›  Download IPO Application Form

Company Contact Information

Registered Office :
    A - 46, Street No. 2,
    MIDC, Andheri (East),
    Mumbai – 400 093, Maharashtra, India
Phone: +91 22 2838 3581
Fax: +91 22 2838 3582
Email: corporate@lovableindia.in
Website: http://www.lovableindia.in

Registrar of the Issue

Link Intime India Private Ltd
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: lovable.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Book Running Lead Manager(s)

1. Anand Rathi Securities Limited

Lovable Lingeries Ltd IPO Message Board

Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the integrity or its staff.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. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. By using this site you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions.The sent and or published recommendations are 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 forthe 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/website 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.

Lovable Lingeries Ltd IPO Alerts

1. Tuesday, March 08, 2011 7:49:05 AM

Lovable Lingeries IPO subscribed 0.07 times on day 1

2. Thursday, March 03, 2011 3:50:21 AM

Lovable Lingerie fixes it's IPO price band

3. Monday, February 28, 2011 8:25:32 AM

8 March 2011 Commodity Market Updates

8 March 2011 Commodity Market Updates : 23:55


GOLD :


Gold rose in the afternoon trades as the continued turmoil in Libya supported the commodity and a break above $1430 per ounce turned the sentiments around.
The prices had dipped earlier in the day on profit selling in Asia after hitting record highs in the overnight moves.
The COMEX Gold futures eyed the continued uncertainty in Libya and the weak undertone in the US dollar to strike fresh all-time highs of $1444.50 in the New York floor trades before witnessing a flurry of quick sell off and closed at $1434, up $6 per ounce on the day.
The commodity rose sharply once the $1430 per ounce levels broke up and the benchmark April Gold advanced to a high of $1436.90 per ounce before easing slightly.
The traders eyed a persistent bout of strength in the US dollar, which continued to benefit ahead of key decision from the Spanish government about the re capitalization requirements of its beleaguered savings banks in a couple of days.
The Spanish government will unveil Thursday how much capital the savings banks, known as cajas, must raise under strict new minimum-capitalization requirements introduced earlier this year. This kept the dollar supported and capped the upside for Gold. COMEX futures quote at $1435.60, up $1.10 per ounce on the day.

Potato :


The future prices of potato gained more than 2% today influenced by weak arrivals of potato in major producing states.

As per market sources , the fresh daily arrivals of potato in the range of 115-117 trucks were reported in Azad pur mandi , down almost 30 trucks from the last day while the prices were trading in the range of Rs 400-560 per quintal ,up Rs 20 per quintal from the last day.

Moreover, last week most of the farmers of Agra district of Uttar Pradesh have echoed some damage to potato crop due to strong hailstorm along with unusual showers. Farmers have expressed their concerns that could be affected with diseases and yield poor quality.

Representatives of the potato cultivators' committee have already estimated a 20 percent loss to potato crop in Agra. 




CRUDE OIL :


MCX Crude oil futures witnessing profit sales today as the global crude oil prices edged lower after testing 29-month highs, as traders eyed increased supply despite the continuing turmoil in the Middle East.
Media reports stated that Kuwait, the United Arab Emirates and Nigeria might join Saudi Arabia in increasing output to make up for a drop-off in Libyan oil.
This dragged the prices down in Asia after the commodity-tested highs of $105.24 per barrel for the light sweet crude oil variety for April delivery. The commodity might garner some support on rising equities though.

Special Writeup on Silver :


Silver is a very ductile and malleable metal used for thousands of years for ornaments and utensils, for trade, and as the basis for many monetary systems. Its value as a precious metal was long considered second only to gold. In Ancient Egypt and Medieval Europe, it was often more valuable than gold. 


Silver mining was a driving force in the settlement of western North America, with major booms for silver and associated minerals (primarily lead) in the galena ore silver is most commonly found in. 


Notable "silver rushes" were in Colorado, Nevada, Cobalt, Ontario, California and the Kootenai region of British Columbia, notably in the Boundary and "Silvery Slocan". The largest silver ore deposits in the United States were discovered at the Comstock Lode in Virginia City, Nevada, in 1859. 


Technically silver is counted in precious metals category but it is more an industrial commodity. Like all metals, London Bullion Market is the global hub silver trading especially in OTC (Over-The-Counter) while the New York’s Comex Futures dominate the solver fund activity. 


Silver is found in native form, combined with sulfur, arsenic, antimony, or chlorine and in various ores such as argentite (Ag2S) and horn silver (AgCl). The principal sources of silver are copper, copper-nickel, gold, lead and lead-zinc ores obtained from Canada, Cobalt, Ontario, Mexico, Peru, Australia and the United States. 


This metal is also produced during the electrolytic refining of copper. Commercial grade fine silver is at least 99.9% pure silver and purities greater than 99.999% are available. Mexico is the world's largest silver producer. According to the Secretary of Economics of Mexico, it produced 80,120,000 troy ounces (2492 metric tons) in 2000, about 15% of the annual production of the world. 


Silver is currently about 1/50th the price of gold by mass, and approximately 70 times more valuable than copper. Silver did once trade at 1/6th to 1/12th the price of gold, prior to the Age of Discovery and the discovery of great silver deposits in the Americas, most notably the vast Comstock Lode in Virginia City, Nevada, USA. The resulting debate over cheap Free Silver to benefit the agricultural sector was among the most prolonged and difficult in that country's history and dominated public discourse during the latter decades of the nineteenth century. 


Over the last 100 years the price of silver and the gold/silver price ratio has fluctuated greatly due to competing industrial and store of value demands. In 1980 the silver price rose to an all-time high of US$49.45 per troy ounce. By December 2001 the price had fallen to US$4.15 per ounce, and in May 2006 it had risen back as high as US$15.21 per ounce. 


According to U.S. Geological Survey, in 2007, silver prices averaged $13.40 per troy ounce, surpassing 2006’s average of $11.61, and rising to the highest average annual price since 1980. Prices rose to $15.47 in November 2007, which was more than 10% higher than the previous year’s high of $14.89 per troy ounce established in May 2006. 


The rise in silver prices corresponded to investment interest in the newly established silver exchange traded fund (ETF). The ETF was established in April 2006 and was modeled after the gold ETF that was started in 2003. Exports of silver rose dramatically in 2006 owing to movement of physical silver to the ETF inventory agency in London, United Kingdom. ETF inventories at the end of 2006 totaled 3,330 tons of silver and by the end of October 2007 had risen to 4,200 tons. 


The demand for silver also continued to rise for fabrication and industrial applications. The use of high-purity silver for color paper in home and other color printers offset the losses to digital photography owing to weak film sales. Overall, the photographic use of silver was relatively stable. Silver is still used in X-ray films, and 99% of the silver in photographic wastewater may be recovered. 


Use of silver to help regulate body heat and control odor in shoes and sports and everyday clothing is increasing. The use of trace amounts of silver in bandages for wound care and minor skin infections is also increasing. The deficit in world silver mine production as compared with world silver consumption was about 800 tons in 2007. 


Increased production at new and existing mines in North America and South America, such as at the San Cristobal Mine in Bolivia, coupled with lower flow of silver into the ETF inventory, is likely to bring production and consumption for silver in 2008 into closer balance. 


According to World Silver Survey 2008, total global silver fabrication grew 1 percent in 2007 to 843.7 Moz. Most notably, industrial applications, a key constituent of the overall demand complex, posted an impressive 7 percent gain to 455.3 Moz, recording the sixth consecutive year of growth in this category. 


In fact, in the period since the technology related slump in 2001, industrial applications have added an impressive 120.1 Moz to silver demand. A key factor behind the increase last year was the more than 6 percent rise in the electrical and electronics sector, which broke the 200 Moz mark for the first time. 


India, China and the United States accounted for 70 percent of the world rise in all industrial uses, while Germany, Italy and France also posted gains. Total industrial demand reached 54 percent of total global silver fabrication demand in 2007.

Jewelry fabrication coped well with high and volatile silver prices, slipping by only 2 percent in 2007, the product of weaker offtake in Europe and the Indian Sub-Continent, which offset growth in East Asia, where Chinese jewelry fabrication grew by a noteworthy 13 percent in 2007. Silverware demand fell by a modest 4 percent in 2007 to 58.8 Moz, as losses in India, Europe and Mexico were partially countered by gains for Russia and China. 


Photographic demand continued to decrease, falling by 11 percent in 2007 to 128.3 Moz. The bulk of the decline was accounted for by lower consumer demand for color film, this sector being most affected by further inroads from digital photography. 


The survey further says that global silver mine production rose by 4 percent in 2007, with particularly solid gains from Chile, China and Mexico. Total silver mine production reached 670.6 Moz last year. Peru was the world’s biggest silver mining country in 2007, followed in the rankings by Mexico, China, Chile and Australia. Last year, silver generated at primary mines drove global totals higher, increasing by 11 percent to account for 30 percent of all silver mined. Cash costs at primary silver mines rose to a weighted average of US$1.52 per ounce, driven by a combination of labor, consumables and energy cost rises. 


The net supply of silver from above-ground stocks dropped by 8 percent in 2007 to 173.1 Moz. The decline was mainly the product of lower net government sales and rising producer de-hedging, although scrap supply was also trimmed. De-hedging reduced the overall producer hedge position by a sizable 30 percent last year, the global book declining by 25.0 Moz. Despite higher silver prices, scrap volumes fell in 2007 by 3 percent, to 181.6 Moz, the result of falling Indian recycling with the rest of the world virtually flat on a net basis. 


Net government sales took a steep downturn in 2007, plummeting by 46 percent to 42.3 Moz. The decline was the result of two major sellers in 2006, namely China and India, being essentially absent in 2007. In contrast, Russian government sales, which comprised the bulk of net sales in 2006, rose, partly offsetting the others declines.


Closing Rates :


MCX Apr Gold Future 21023 (-0.5%)
MCX May Silver Future 53510 (-0.68%)
MCX Mar Crude Oil Future 4723 (-0.96%)
MCX Apr Copper Future 434.25 (+0.09%)

8 March 2011 Closing Market Updates

8 March 2011 Closing Market Updates  15:31

Market opened in positive and remained positive with lack of volatility. Nifty ended at 5521.90 with 58.75 points of gain and Sensex by 225.95 points which ended at 18448.62.
All BSE Sectoral Indices ended in positive.Teck Index was the major gainer by 1.97%
In Nifty50 stocks, Bhartiartl was the top gainer by 3.28% rise and ended at 335.10 whereas Cairn was the top loser by 1.80% and ended at 351.10
SBIN was the turnover topper by the traded value and IFCI was the most traded stock on NSE today.
Advance/Decline Ratio was positive as 913 stocks gained and 462 stocks declined today on NSE.

New Look

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8 March 2011 Daily Recommendations

8 March 2011 Daily Recommendations  09:30


We have opened another branch at Sahakar Nagar,Pune to serve our clients better.
Mentioning Detail Address of our offices in Pune


Chinchwad Branch :
30, Gurukrupa Heights,Ruston Colony,
Chinchwad,Pune-33
Phone : 020-32669956


Prabhat Road :
C So No : 108/59/41
Bharati Niwas Soc.,Opp.Income Tax Office,
Lane No 14, Prabhat Road, Erandwane, Pune-4
Phone : 020-32404909


Sahakar Nagar :
2nd Floor, Darpan Building,
Above Hotel Relax,
Sahakar Nagar,Pune-9
Phone : 020-24210048


Nifty Resistance 5600 Above it would touch 5670
Buy Banknifty Abv 11170
Buy Apil Abv 550 sl 532 T 580 P
Buy Axisbank Abv 1350 sl
Buy Bajajhind Abv 73.5 sl 72.5 T 75.5
Buy Biocon Abv 329 sl 324 T 346
Buy Chennpetro Abv 196 sl 191 T 202
Buy DLF Abv 229 sl 224 T 240
Buy Jindalswhl Abv 965 sl 930 T 1010


Sell Educomp Bel 460 sl 473 T 440


Market opened in positive as Hong Kong shares posted modest gains early Tuesday, with property developers and coal miners in the lead as sentiment improved on a small decline in crude-oil prices. The Hang Seng Index (HK:HANGSENG 23,351, +38.26, +0.16%)rose 0.4% to 23,396.56 and the Hang Seng China Enterprises Index added 0.4% to 12,876.45.

Stocks in News :
- Lovable Lingerie IPO opens for subscription today and closes on March 11
-Price band: Rs 195-205/share (grey market premium Rs 40)
-Offer to raise: Rs 87.8-93.28 crore
-Congress asks for 1 more day to decide on fate of alliance
-DMK leaders will not submit resignations today
-DMK spokesman says
-Will get a clear picture in 2 days
-Seat sharing talks have not started yet; may happen on Tuesday
-Cannot say issue resolved yet
Chairman and Managing Director of L&T, AM Naik to CNBC TV18
-Will exit all assets below Rs 500 crore
-May exit firms through de merger or stake sale
-No intention of selling L&T Infotech
-Expect to complete restructuring by March 12, 2012
-L&T Finance IPO likely by first quarter of next fiscal
NTPC
-The Unit-I of 500 MW of Indira Gandhi Super Thermal Power Project commences commercial operations
-The Unit-VI of 500 MW of Farakka Super Thermal Power Station has been synchronized on coal
Govt sources Say
-EGoM holds meeting on Hindustan Zinc-Sterlite
-EGoM apprised of failure of mediation
-Sterlite-HZL row now headed for arbitration
-Pranab Mukherjee, Murli Deora, Praful Patel & others attend
-Govt holds 29.5% in Hindustan Zinc
-BALCO call option already declared invalid
Sajjan Jindal to CNBC TV18
-Working on Ispat debt re-financing
-Not raising PE funds for re-financing debt
-Continue to seek growth through acquisitions
-Will work to protect margins despite steel price hike
-United Phosphorus set to acquire 50% stake in Sipcam Isagro Brazil for around Rs 2700 crore (ET)
-PTC Financial Services to raise 450 crore via IPO in March 11
-Lanco Infratech to invest Rs 4000 crore on strengthening its Griffin coal mines acquisition in Australia (DNA)
-UTV Software may sell stake in Indiagames for around Rs 220-240 crore (ET)
-Tata Steel signed an agreement with Canadian based New millennium capital corp to develop taconite deposit (BS)
-Government to infuse Rs 1740 crore in Oriental Bank of Commerce to shore up the bank’s equity capital (FE)
-NTPC may lose five captive coal mines as the company has failed to achieve the necessary milestones after 5 years of allocation (DNA)
-Old private sector banks seek RBI nod for amortizing pension liability
-JSW Steel posts 8% growth in Crude Steel production in February '2011
-Andhra Bank: GOI to infuse preferential allotment to raise holding to 58% (~618 cr)
-Onmobile Global: board approves 1:1 bonus
-Karnataka Bank’s rights issue of 5.3 crore shares at Rs 85/sh open today (BS)
-Steel makers go for a marginal price hike to Rs 350-500 a tonne due to uncertainty in demand post budget (BL)
-Graphite India: Lock out declared at Powmex Steel division in Titilagarh (due to DGM being set on fire)
-Eicher Motors: Ex-Dividend Rs 11/share
-Orchid Chemical in F&O ban
F&O Cues :
FIIs were net sellers of Rs 1,923 crore in Index Futures, which open interest was down by 6,945 contracts. NSE F&O Open Interest was down by Rs 1475 crore at Rs 1.21akh crore.
Futures open interest (OI) shed 19 lakh (8%) shares in OI and discount widened to 12 points from 4 points. India VIA jumped by 10% at 25.22.
Nifty Open Interest PCR fell to 1.26 from 1.27. Nifty 5600 Call shed 20.5 lakh (25%) shares in Open Interest while Nifty 5400 call added 7.8 lakh (32%) shares in Open Interest.
Fresh shorts were seen in BHEL. The stock went down 3.2%; its OI was up by 16% and delivery volume increased at 3.5 lakh shares versus 3.12 lakh.
Fresh shorts seen and speculative selling were seen in SBI and Maruti. SBI lost 2.9%; its OI was up by 5% and delivery volume declined at 4.4 lakh shares versus 6.8 lakh.
Maruti tanked 3.7%; its OI was up by 5% and delivery volume slipped at 1 lakh shares versus 2.2 lakh.
SAIL and Educomp Solutions witnessed fresh shorts & cash based selling. The stock slipped 2.5%; its OI was up by 8% and delivery volume jumped at 8.5 lakh shares versus 4.6 lakh.
Educomp Solutions fell 5%; its OI was up by 13% and delivery volume increased at 5.13 lakh shares versus 2.3 lakh.
Unwinding and speculative selling were seen in Unitech. The stock declined 2.8%; its OI was down by 4% and delivery volume slipped at 40 lakh shares versus 1.2 crore shares.


US Markets Updates :
Surging oil prices continued to rain on the stock market's parade at the start of the week. Add a lagging tech sector and Greece's latest debt woes to the mix, and Monday was a downer to say the least.


The Dow Jones industrial average (INDU) sank 80 points, or 0.7%; the S&P 500 (SPX) fell 11 points, or 0.8%; and the tech-heavy Nasdaq (COMP) shed 40 points, or 1.4%.

4 March 2011 New Morning Market Updates

04 March 2011 Morning Market Updates 09:09

Market will open positive as Asian markets are trading higher.

3rd March 2011 Market Closing Updates:

3rd March 2011 Market Closing Updates:

The benchmark Nifty was extremely volatile.After a sharp spike seen on Tuesday - supported by Budget 2011. Capital goods, auto, HDFC group and cement companies' shares were quite supportive to the markets. However, the sell-off in oil & gas, metal and select financials has limited those gains. NTPC, Infosys, Bharti Airtel and Sun Pharma too were gained.The 30-share BSE Sensex was trading at 18,486, down 40 points and the 50-share NSE Nifty was at 5,537, up 15 points. European markets too were quite supportive with 0.5% gain.
Sensex Movers

Infosys Technologies contributed fall of 42.06 points in the Sensex. It was followed by Reliance Industries (26.64 points), I C I C I Bank (22.93 points), Bharti Airtel (12.38 points) and State Bank Of India (10.51 points).
However, Housing Development Finance Corporation contributed rise of 28.21 points in the Sensex. It was followed by H D F C Bank (21.81 points), Larsen & Toubro (12.81 points), Tata Consultancy Services (8.3 points) and Bharat Heavy Electricals (8.23 points).
Biggest gainers
Tata Power Company (2.95%),
Housing Development Finance Corporation (2.63%),
Reliance Communications (2.44%),
H D F C Bank (2.20%),
Bharat Heavy Electricals (1.87%),
Bajaj Auto (1.43%).

Biggest Losers
Reliance Infrastructure (2.50%),
Hindalco Industries (2.21%),
Infosys Technologies (2.20%),
Bharti Airtel (2.18%),
Sterlite Industries (India) (1.93%),
Tata Steel (1.86%)
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.11% and 0.29% respectively.
The major gainers in the BSE Midcap were A2Z Maintenance & Engineering Services (1.04%), Core Projects and Technologies (0.16%), Alstom Projects India (0.16%), Aban Offshore (0.1%) and Allcargo Global Logistics (0.03%).
The major gainers in the BSE Smallcap were A K Capital Services (2.12%), A B G Infralogistics (1.09%), Reliance MediaWorks (0.28%), Aarti Industries (0.1%) and Adhunik Metaliks (0.1%).
Sectors in Limelight
The Metal index was at 15,788.30, down by 195.05 points or by 1.22%. The major losers were Hindalco Industries (2.21%), Jindal Steel & Power (0.9%), Bhushan Steel (0.66%), NMDC (0.65%) and JSW Steel (0.22%).
The IPO index was at 1,717.48, down by 19.12 points or by 1.1%. The major losers were Bajaj Corp (9.52%), Adani Power (3.56%), Ashoka Buildcon (0.6%), Aster Silicates (0.57%) and ARSS Infrastructure Projects (0.11%).
The IT index was at 6,187.45, down by 64.03 points or by 1.02%. The major losers were Infosys Technologies (2.2%), H C L Technologies (1.87%), Oracle Financial Services Software (1.59%), Patni Computer Systems (0.88%) and Mphasis (0.88%).
On the other hand, the Capital Goods index was at 13,066.21, up by 147.34 points or by 1.14%. The major gainers were Bharat Heavy Electricals (1.87%), BGR Energy Systems (1.42%), BEML (0.82%), A B B (0.47%) and Alstom Projects India (0.16%).
Market Breadth
Market breadth was negative with 1,424 advances against 1,336 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,448.91 million. It was followed by Tata Motors (Rs. 748.83 million), Larsen & Toubro (Rs. 672.29 million) and T T K Prestige (Rs. 631.13 million).
The volume chart was led by Lanco Infratech with trades of over 11.89 million shares. It was followed by Camlin (7.00 million), Spicejet (6.56 million) and Reliance Communications (5.68 million).

1 March 2011 Closing Market Updates Highest Gains in a Day in almost 2 years

1 March 2011 Closing Market Updates  15:30

Market continued yesterday's bullishness after the announcement of Union Budget 2011-2012. Market gave green signal and celebrated the budget with considerable gains consecutive on the second day. Nifty gained 199.25 points or 3.66% and ended at 5532.5 It is the highest intraday gain in last two years.Sensex gained 651.56 points and ended at 18474.96.
All Sectoral Indices ended in positive. Auti Index was the top gainer by 5.74% followed by Capital Good (4.56%), Bankex (4.46%), Realty(4.39%) and Metal (4.26%).
All Nifty50 stocks gained today and ended in positive, M&M was the top gainer by 8.81%  and ended at 670.
Advance/Decline Ratio was positive as 1177 stocks gained and 215 stocks declined today on NSE.