23 April 2010 Closing Market Updates 15:31
Market opened today with a positive note and held the gains till the closing even after Asian Market closed negative.Nifty was volatile as it showed the low of 5269.65 in the mid session and agained bounced to close higher on expectation of good numbers from Reliance Industries today.
Nifty closed at 5306.25 gaining 36.90 points and Sensex gained 130.93 points and closed at 17704.92.
Among the BSE indices, Bankex gained the most with 1.74% while Metal index was the top loser by 0.79%.
JP Associates gained the most in Nifty50 stocks by 4.26% and closed at 159.10 whereas ABB lost the most by 3.44% to close at 823.90.
Advance decline ratio was negative as 588 stocks gained whereas 708 stocks declined today on NSE.
For Weekly Calls, Research Reports and news letters call +919975060000 or mail your requirements to info@integrity.org.in
Friday, April 23, 2010
23 April 2010 Intrady Calls
23 April Morning Market Updates 08:47
Today market will open positive and European markets will decide the proper trend of the day.
Nifty resistance at 5280.Support at 5210
Recommendations :
Buy Grasim sl 2828 Target 2867
Buy HDFC Above 2752 sl 2738 Target 2789
Buy Herohonda sl 1894 Target 1941
Hold Long Hindunilvr Ref.21/04 Tril sl 230 Target 241
Hold Long Maruti Ref.22/04 Trail sl 1375 Target 1418
Buy SBIN sl 2145 Target 2314 Positional
Buy Siemens Above 734 sl 725 Target 750
Buy Tatapower Above 1350 sl 1341 1360 / 1366
Sell Idea sl 66.75 Target 64.5
Sell Infosystch Below 2698 sl 2715 Target 2672
Sell Sunpharma Below 1695 sl 1718 Target 1652
Watch : ONGC,BEL
Stocks in News :
Results today: Reliance Industries, Wipro, Corporation Bank , Merck, Areva T&D, Mahindra Life Space Developers, Reliance Industries, P&G, 3i Infotech, Binani Cements, Pantaloon Retail
Talwalkar IPO closes today
-Total: 0.90 times (x)
-QIB: 1.5x
-NII: Nil
-Retail: 0.4x
Nitesh Estate IPO opens today
3G Auction Update
-3G Auction financial impact on MTNL rises further
-MTNL to pay minimum of Rs 1,603 crore for Mumbai, Delhi 3G Slot
-MTNL payout on day 11 close to old national 2G License Cost
-Delhi, Mumbai 3G slot price expected to rise further
Jet Airways:
-Konnect customers willing to pay more for higher grade services
-Konnect select to increase revenues by 8-10%
-Hope to fill 75-80% of the 8 Konnect select seats/flight
-Konnect helped improve seat factors from sub-60% to 75% plus
Nestle Q1CY10 (Huge margin pressure, competition taking toll) (cr - crore, vs - versus)
-Net sales at Rs 1485.4 cr vs Rs 1270.8 cr
-Net profit at Rs 201.9cr vs Rs 197 cr
-OPM at 20.5% vs 23.9%
-Other expenditure at Rs 338 cr vs Rs 271 cr ((advertising costs etc.))
Gujarat Gas Q1
-Sales at Rs 401.4 cr vs Rs 296.77 cr (up 35% YoY)
-PAT at Rs 62.4 cr vs Rs 36.11 cr (up 72% YoY)
Birla Corp : Q4'Fy10
-Sales at Rs 602 cr vs Rs 570 cr
-PAT at Rs 137.5 cr vs Rs 90.7 cr
Tata Sponge Q4 ((Huge margin expansion))
-Sales at Rs 167.2 cr vs Rs 131.3 cr ( up 27% YoY)
-PAT at Rs 33.35 cr vs Rs 11.55 cr ( up 188% YoY)
-OPM at 26.6% vs 10%
Falcon Tyres
-Sales at Rs 188.3 cr vs Rs 161 cr (up 13% YoY)
-PAT of Rs 10 cr vs Rs 5.4 cr (up 90% YoY)
Escorts Q2:
-Standalone net sales at Rs 671.68 Cr Vs Rs 481.64 Cr (YoY)
-Standalone net profit at Rs 41.47 Cr Vs Rs 7.82 Cr (YoY)
Ambuja Cements Q1
-Net sales at Rs 1,990.2 Cr Vs Rs 1,847.6 Cr (YoY)
-Net profit at Rs 462.2 Cr Vs Rs 334.1 Cr (YoY)
Sasken Comm Q4:
-Cons net sales at Rs 154 Cr Vs Rs 145.2 (QoQ)
-Cons net profit at Rs 21.8 Cr Vs Rs 17.1 Cr (QoQ)
Rallis India Q4:
-Net sales at Rs 192 Cr, net profit at Rs 22 Cr
Other stocks and sectors that are in news today:
-Aban Offshore : Aban arm’s contract in Angola terminated by Maersk; Aban to redeploy rig in India & receive USD 64 million for termination
-Piramal Healthcare :To acquire the Anesthetic products business of Bharat Serums And Vaccines
-Rallis India declares a Bonus issue of 1:2
-Mindtree to acquire business of 7Strata ( amount not disclosed)
-Manaksia board meet on April 28 for buy-back
F&O cues:
Futures Open Int up Rs 660 crore, Options Open Int up Rs 308 crore
Nifty futures shed 2 lakh shares in total Open Int
Nifty futures at 7-point discount
Nifty Open Int PCR at 1.33 versus 1.20
Nifty Puts add 33 lakh shares in Open Int
Nifty Calls shed 32 lakh shares in Open Int
Nifty 5300 Put adds 14 lakh shares in Open Int
Nifty 5300 Call adds 3 lakh shares in Open Int
Nifty 5200 Call sheds 15 lakh shares in Open Int
Stock futures add 4 crore shares in Open Int
FIIs in F&O on April 22
Net sell Rs 444 crore in Nifty futures
Open Int up 6,458 contracts
Net buy Rs 1056 crore in Nifty options
Open Int up 35,574 contracts
Net buy Rs 347 crore in Stock futures
Open Int up 17,772 contracts
Net sell Rs 101 crore in Stock options
Open Int up 4,498 contracts
US Market Updates :
U.S. stocks staged a late-day comeback yesterday as another steady drum beat of strong quarterly profits from consumer bellwethers like Starbucks Corp.Stocks turned higher Thursday, recovering from a steep morning selloff sparked by Greek debt default worries, a spike in the dollar versus the euro and a plunge in commodity prices.
Dow Jones gained 9.68 points, or 0.09 percent, to 11,134.60. The Standard & Poor's 500 Index .SPX gained 2.76 points, or 0.23 percent, to 1,208.70. The Nasdaq Composite Index .IXIC gained 14.46 points, or 0.58 percent, to 2,519.07.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Today market will open positive and European markets will decide the proper trend of the day.
Nifty resistance at 5280.Support at 5210
Recommendations :
Buy Grasim sl 2828 Target 2867
Buy HDFC Above 2752 sl 2738 Target 2789
Buy Herohonda sl 1894 Target 1941
Hold Long Hindunilvr Ref.21/04 Tril sl 230 Target 241
Hold Long Maruti Ref.22/04 Trail sl 1375 Target 1418
Buy SBIN sl 2145 Target 2314 Positional
Buy Siemens Above 734 sl 725 Target 750
Buy Tatapower Above 1350 sl 1341 1360 / 1366
Sell Idea sl 66.75 Target 64.5
Sell Infosystch Below 2698 sl 2715 Target 2672
Sell Sunpharma Below 1695 sl 1718 Target 1652
Watch : ONGC,BEL
Stocks in News :
Results today: Reliance Industries, Wipro, Corporation Bank , Merck, Areva T&D, Mahindra Life Space Developers, Reliance Industries, P&G, 3i Infotech, Binani Cements, Pantaloon Retail
Talwalkar IPO closes today
-Total: 0.90 times (x)
-QIB: 1.5x
-NII: Nil
-Retail: 0.4x
Nitesh Estate IPO opens today
3G Auction Update
-3G Auction financial impact on MTNL rises further
-MTNL to pay minimum of Rs 1,603 crore for Mumbai, Delhi 3G Slot
-MTNL payout on day 11 close to old national 2G License Cost
-Delhi, Mumbai 3G slot price expected to rise further
Jet Airways:
-Konnect customers willing to pay more for higher grade services
-Konnect select to increase revenues by 8-10%
-Hope to fill 75-80% of the 8 Konnect select seats/flight
-Konnect helped improve seat factors from sub-60% to 75% plus
Nestle Q1CY10 (Huge margin pressure, competition taking toll) (cr - crore, vs - versus)
-Net sales at Rs 1485.4 cr vs Rs 1270.8 cr
-Net profit at Rs 201.9cr vs Rs 197 cr
-OPM at 20.5% vs 23.9%
-Other expenditure at Rs 338 cr vs Rs 271 cr ((advertising costs etc.))
Gujarat Gas Q1
-Sales at Rs 401.4 cr vs Rs 296.77 cr (up 35% YoY)
-PAT at Rs 62.4 cr vs Rs 36.11 cr (up 72% YoY)
Birla Corp : Q4'Fy10
-Sales at Rs 602 cr vs Rs 570 cr
-PAT at Rs 137.5 cr vs Rs 90.7 cr
Tata Sponge Q4 ((Huge margin expansion))
-Sales at Rs 167.2 cr vs Rs 131.3 cr ( up 27% YoY)
-PAT at Rs 33.35 cr vs Rs 11.55 cr ( up 188% YoY)
-OPM at 26.6% vs 10%
Falcon Tyres
-Sales at Rs 188.3 cr vs Rs 161 cr (up 13% YoY)
-PAT of Rs 10 cr vs Rs 5.4 cr (up 90% YoY)
Escorts Q2:
-Standalone net sales at Rs 671.68 Cr Vs Rs 481.64 Cr (YoY)
-Standalone net profit at Rs 41.47 Cr Vs Rs 7.82 Cr (YoY)
Ambuja Cements Q1
-Net sales at Rs 1,990.2 Cr Vs Rs 1,847.6 Cr (YoY)
-Net profit at Rs 462.2 Cr Vs Rs 334.1 Cr (YoY)
Sasken Comm Q4:
-Cons net sales at Rs 154 Cr Vs Rs 145.2 (QoQ)
-Cons net profit at Rs 21.8 Cr Vs Rs 17.1 Cr (QoQ)
Rallis India Q4:
-Net sales at Rs 192 Cr, net profit at Rs 22 Cr
Other stocks and sectors that are in news today:
-Aban Offshore : Aban arm’s contract in Angola terminated by Maersk; Aban to redeploy rig in India & receive USD 64 million for termination
-Piramal Healthcare :To acquire the Anesthetic products business of Bharat Serums And Vaccines
-Rallis India declares a Bonus issue of 1:2
-Mindtree to acquire business of 7Strata ( amount not disclosed)
-Manaksia board meet on April 28 for buy-back
F&O cues:
Futures Open Int up Rs 660 crore, Options Open Int up Rs 308 crore
Nifty futures shed 2 lakh shares in total Open Int
Nifty futures at 7-point discount
Nifty Open Int PCR at 1.33 versus 1.20
Nifty Puts add 33 lakh shares in Open Int
Nifty Calls shed 32 lakh shares in Open Int
Nifty 5300 Put adds 14 lakh shares in Open Int
Nifty 5300 Call adds 3 lakh shares in Open Int
Nifty 5200 Call sheds 15 lakh shares in Open Int
Stock futures add 4 crore shares in Open Int
FIIs in F&O on April 22
Net sell Rs 444 crore in Nifty futures
Open Int up 6,458 contracts
Net buy Rs 1056 crore in Nifty options
Open Int up 35,574 contracts
Net buy Rs 347 crore in Stock futures
Open Int up 17,772 contracts
Net sell Rs 101 crore in Stock options
Open Int up 4,498 contracts
US Market Updates :
U.S. stocks staged a late-day comeback yesterday as another steady drum beat of strong quarterly profits from consumer bellwethers like Starbucks Corp.Stocks turned higher Thursday, recovering from a steep morning selloff sparked by Greek debt default worries, a spike in the dollar versus the euro and a plunge in commodity prices.
Dow Jones gained 9.68 points, or 0.09 percent, to 11,134.60. The Standard & Poor's 500 Index .SPX gained 2.76 points, or 0.23 percent, to 1,208.70. The Nasdaq Composite Index .IXIC gained 14.46 points, or 0.58 percent, to 2,519.07.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Thursday, April 22, 2010
22 April 2010 Closing Market Updates
22 April 2010 Closing Market Updates 15:31
Today witnessed a very volatile session in the market.Market shooted in the afternoon as European were trading on higher side as Credit Suisse, Switzerland's second-largest bank behind UBS, posted a first quarter net profit of 2.1 billion Swiss francs ($1.97 billion) on Thursday against analysts' expectations of 2 billion francs.Reliance industries was trading 2% higher ahead of its Q4 results.SBI(up 5%),Sail,TatamotorsHerohonda,Rcom were the Nifty leaders in the rally.
But again in the last half an hour market corrected nearly to close marginally up as European markets corrected because European Union's official statistics agency said the Greek budget deficit in 2009 was wider than the government had estimated, and added that it has reservations about the accuracy of Greek budget data that may lead to further upward revisions. In the first of its twice-yearly reviews of government finances in the 27-member bloc, Eurostat said the Greek government's budget deficit was 13.6% of gross domestic product last year.The Greek government had estimated the deficit was 12.7% of GDP in 2009, although it has acknowledged that Eurostat's estimate may be higher because of differences in the way it accounts for surpluses in the state-run pension fund.
At last, Nifty closed at 5260.45 gaining 15.55 points after making day high of 5331.80.Sensex closed at 17544.65 gained 72.09 points.(Not adjusted close).
Among the BSE Indices, Oil & Gas index gained most by 1.25% while Realty lost the most by 1.34%.
Among Nifty50 stocks, SBI was the top gainer with 5.19% to close at 2215 while Tatasteel was the top loser with 2.52% and closed at 652.
574 stocks gained and 720 stocks declined today on NSE.
Today Food inflation rose to 17.65% from 17.22% for the week ended April 10 due to higher prices of fruits and vegetables.
In the corresponding week last year, food inflation was at 8.16 per cent.
Prices of fruits and vegetables rose by 3 per cent, sea fish became costlier by 2 per cent and pulses such as arhar and moong became dearer by 1 per cent each over the week.
The overall inflation, led by rise in food prices, had gone up to 9.9 per cent in March, much higher than the central bank's projection of 8.5 per cent for March-end.
On an annual basis, pulses became dearer by 28.77 per cent, milk by 22.21 per cent, fruits by 18.81 per cent and wheat by 11.18 per cent.
On a weekly basis, the index for food articles rose by 0.7 per cent. Index for non-food articles rose by 0.5 per cent led by higher prices of groundnut and castor seeds.
Our Contact Details :
Integrity Financials
+919975060000
Today witnessed a very volatile session in the market.Market shooted in the afternoon as European were trading on higher side as Credit Suisse, Switzerland's second-largest bank behind UBS, posted a first quarter net profit of 2.1 billion Swiss francs ($1.97 billion) on Thursday against analysts' expectations of 2 billion francs.Reliance industries was trading 2% higher ahead of its Q4 results.SBI(up 5%),Sail,TatamotorsHerohonda,Rcom were the Nifty leaders in the rally.
But again in the last half an hour market corrected nearly to close marginally up as European markets corrected because European Union's official statistics agency said the Greek budget deficit in 2009 was wider than the government had estimated, and added that it has reservations about the accuracy of Greek budget data that may lead to further upward revisions. In the first of its twice-yearly reviews of government finances in the 27-member bloc, Eurostat said the Greek government's budget deficit was 13.6% of gross domestic product last year.The Greek government had estimated the deficit was 12.7% of GDP in 2009, although it has acknowledged that Eurostat's estimate may be higher because of differences in the way it accounts for surpluses in the state-run pension fund.
At last, Nifty closed at 5260.45 gaining 15.55 points after making day high of 5331.80.Sensex closed at 17544.65 gained 72.09 points.(Not adjusted close).
Among the BSE Indices, Oil & Gas index gained most by 1.25% while Realty lost the most by 1.34%.
Among Nifty50 stocks, SBI was the top gainer with 5.19% to close at 2215 while Tatasteel was the top loser with 2.52% and closed at 652.
574 stocks gained and 720 stocks declined today on NSE.
Today Food inflation rose to 17.65% from 17.22% for the week ended April 10 due to higher prices of fruits and vegetables.
Prices of fruits and vegetables rose by 3 per cent, sea fish became costlier by 2 per cent and pulses such as arhar and moong became dearer by 1 per cent each over the week.
The overall inflation, led by rise in food prices, had gone up to 9.9 per cent in March, much higher than the central bank's projection of 8.5 per cent for March-end.
On an annual basis, pulses became dearer by 28.77 per cent, milk by 22.21 per cent, fruits by 18.81 per cent and wheat by 11.18 per cent.
On a weekly basis, the index for food articles rose by 0.7 per cent. Index for non-food articles rose by 0.5 per cent led by higher prices of groundnut and castor seeds.
Our Contact Details :
Integrity Financials
+919975060000
21 April 2010 Intraday Calls
21 April 2010 Morning Market Updates 09:04
Due to some technical error,publishing today's blog just after market opening.We apologize for the same.
Today market will open flat/negative as global markets are trading mixed.Nifty has a support of 5210.If it breaks then again 5165 is a major resistance.Nifty resistance at 5280 level.
Recommendations :
Follow Buy calls in positive market bias.
Buy HCLTech sl 369 Target 382
Buy Cipla Above 336 sl 333 Target 341
Buy Powergrid sl 108 Target 114
Buy Maruti Above 1380 sl 1371 Target 1418
Buy PNB sl 1001 Target 1014
Buy ICICIBank Above 955 sl 947 Target 969
Buy Punjlloyd Above 169 sl 167 Target 174
Buy HDIL Above 298 sl 295 Target 303
Buy TechM
Buy Relinfra sl 1115 Target 1197 Positional
Buy Torntpower Above 321 sl 315 Target 349 Positional
Stocks in News :
Results today: ACC, Ambuja, Sterlite Tech, Zensar, Tata Sponge, Strides Arcolab, Rallis, Indiabulls Power, Coromandel Int, Gujarat Gas, Escorts
Bharat Forge - launches USD 120 m QIP
-Bharat Forge to raise money via equity, NCD, warrants
-Bharat Forge to raise USD 50.7 million via equity at Rs 272/share
-Bharat Forge to raise USD 33.7 million via NCD
-Bharat Forge to raise USD 34.5 million via warrants
Glenmark
-NJ court rules three claims of Schering Plough’s asserted patent are invalid for Zetia generic
-Glenmark is under litigation with Schering for Zetia generic, has FTF on the drug
-Three Claims being invalidated are for Patent Re issue for Zetia Schering Plough had 13 claims originally against Glenmark
-6 were invalidated with 7 remaining
-Glenmark now 4 claims remaining as 3 more got invalidated
-Glenmark recieved tentative approval in April 2009
-Zetia sales are USD 1.4 biliion
-Could add Rs 25-30 EPS on exclusivity to Glenmark
Auto Fuel policy - Sources
-Auto Fuel policy on cabinet agenda
-Capitalisation of PSU Banks on Cabinet Agenda
-CCEA to discuss remunerative & fair price for sugarcane
Dewan Housing Finance board
-Aapproves issue of equity shares up to Rs.375 crore via QIP
-Issue of shares to promoters up to Rs 100 crore on preferential basis
-Issue equity shares up to Rs 25 crore to Caledonia Investments Plc, UK
United Spirits Q4 (cr - crore, vs - versus)
-Net sales at Rs 1,252.14 Cr Vs Rs 907.8 Cr (YoY)
-Net profit at Rs 56.85 Cr Vs Rs 55.62 Cr (YoY)
Infotech Enterprises Q4
-Net profit at Rs 51.3 cr vs Rs 37.9 cr
-Revenues at Rs 244 cr vs Rs 239 cr
-OPM at 17.7% vs 17%
Pennar Industries
-Q4 sales at Rs 240.4 cr vs Rs 154.4 cr
-Q4 PAT at Rs 25 cr vs Rs 14.9cr
Other stocks and sectors that are in news today:
-IT raids at India Cements' office in Chennai, CNBC-TV18 ALERT: India Cements is the owner of Chennai Superkings
-Trent board meet on April 26 to consider fund raising option & right issue
-Jet, Kingfisher resume flights to US, UK
-Sundaram Finance to acquire BNP Paribas’s 49.9% stake in MF JV
-HUL puts 2 residential properties in Mumbai on the block
-Singapore based InfraCo may buy 45% stake in RIL’s SEZ.
-Exide Labour stir hits Hero Honda output.
Market cues:
FIIs were net buyers USD7.3 million in equities on April 20
NSE F&O Open Int was up by Rs 2533 crore at Rs 1.30 lakh crore
As per provisional data of April 21, FIIs were net buyers of Rs 83 crore, DIIs were net buyers of Rs 25 crore in cash markets. FIIs were net buyers of Rs 473 crore in F&O.
F&O cues:
Futures Open Int up Rs 1658 crore, Options Open Int up Rs 875 crore
Nifty futures add 7 lakh shares in total Open Int
Nifty futures at par with spot
Nifty Open Int PCR at 1.20 versus 1.18
Nifty Puts add 10 lakh shares, Calls add 1.6 lakh shares in Open Int
Nifty 5100 Put adds 5 lakh shares in Open Int
Nifty 5200 Put adds 3 lakh shares in Open Int
Nifty 5500 Call adds 2 lakh shares in Open Int
Nifty 5300 Call adds 1.6 lakh shares in Open Int
FIIs in F&O on April 21
Net sell Rs 375 crore in Nifty Futures
Net buy Rs 363 crore in Nifty Options
Net buy Rs 535 crore in Stock Futures
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Due to some technical error,publishing today's blog just after market opening.We apologize for the same.
Today market will open flat/negative as global markets are trading mixed.Nifty has a support of 5210.If it breaks then again 5165 is a major resistance.Nifty resistance at 5280 level.
Recommendations :
Follow Buy calls in positive market bias.
Buy HCLTech sl 369 Target 382
Buy Cipla Above 336 sl 333 Target 341
Buy Powergrid sl 108 Target 114
Buy Maruti Above 1380 sl 1371 Target 1418
Buy PNB sl 1001 Target 1014
Buy ICICIBank Above 955 sl 947 Target 969
Buy Punjlloyd Above 169 sl 167 Target 174
Buy HDIL Above 298 sl 295 Target 303
Buy TechM
Buy Relinfra sl 1115 Target 1197 Positional
Buy Torntpower Above 321 sl 315 Target 349 Positional
Stocks in News :
Results today: ACC, Ambuja, Sterlite Tech, Zensar, Tata Sponge, Strides Arcolab, Rallis, Indiabulls Power, Coromandel Int, Gujarat Gas, Escorts
Bharat Forge - launches USD 120 m QIP
-Bharat Forge to raise money via equity, NCD, warrants
-Bharat Forge to raise USD 50.7 million via equity at Rs 272/share
-Bharat Forge to raise USD 33.7 million via NCD
-Bharat Forge to raise USD 34.5 million via warrants
Glenmark
-NJ court rules three claims of Schering Plough’s asserted patent are invalid for Zetia generic
-Glenmark is under litigation with Schering for Zetia generic, has FTF on the drug
-Three Claims being invalidated are for Patent Re issue for Zetia Schering Plough had 13 claims originally against Glenmark
-6 were invalidated with 7 remaining
-Glenmark now 4 claims remaining as 3 more got invalidated
-Glenmark recieved tentative approval in April 2009
-Zetia sales are USD 1.4 biliion
-Could add Rs 25-30 EPS on exclusivity to Glenmark
Auto Fuel policy - Sources
-Auto Fuel policy on cabinet agenda
-Capitalisation of PSU Banks on Cabinet Agenda
-CCEA to discuss remunerative & fair price for sugarcane
Dewan Housing Finance board
-Aapproves issue of equity shares up to Rs.375 crore via QIP
-Issue of shares to promoters up to Rs 100 crore on preferential basis
-Issue equity shares up to Rs 25 crore to Caledonia Investments Plc, UK
United Spirits Q4 (cr - crore, vs - versus)
-Net sales at Rs 1,252.14 Cr Vs Rs 907.8 Cr (YoY)
-Net profit at Rs 56.85 Cr Vs Rs 55.62 Cr (YoY)
Infotech Enterprises Q4
-Net profit at Rs 51.3 cr vs Rs 37.9 cr
-Revenues at Rs 244 cr vs Rs 239 cr
-OPM at 17.7% vs 17%
Pennar Industries
-Q4 sales at Rs 240.4 cr vs Rs 154.4 cr
-Q4 PAT at Rs 25 cr vs Rs 14.9cr
Other stocks and sectors that are in news today:
-IT raids at India Cements' office in Chennai, CNBC-TV18 ALERT: India Cements is the owner of Chennai Superkings
-Trent board meet on April 26 to consider fund raising option & right issue
-Jet, Kingfisher resume flights to US, UK
-Sundaram Finance to acquire BNP Paribas’s 49.9% stake in MF JV
-HUL puts 2 residential properties in Mumbai on the block
-Singapore based InfraCo may buy 45% stake in RIL’s SEZ.
-Exide Labour stir hits Hero Honda output.
Market cues:
FIIs were net buyers USD7.3 million in equities on April 20
NSE F&O Open Int was up by Rs 2533 crore at Rs 1.30 lakh crore
As per provisional data of April 21, FIIs were net buyers of Rs 83 crore, DIIs were net buyers of Rs 25 crore in cash markets. FIIs were net buyers of Rs 473 crore in F&O.
F&O cues:
Futures Open Int up Rs 1658 crore, Options Open Int up Rs 875 crore
Nifty futures add 7 lakh shares in total Open Int
Nifty futures at par with spot
Nifty Open Int PCR at 1.20 versus 1.18
Nifty Puts add 10 lakh shares, Calls add 1.6 lakh shares in Open Int
Nifty 5100 Put adds 5 lakh shares in Open Int
Nifty 5200 Put adds 3 lakh shares in Open Int
Nifty 5500 Call adds 2 lakh shares in Open Int
Nifty 5300 Call adds 1.6 lakh shares in Open Int
FIIs in F&O on April 21
Net sell Rs 375 crore in Nifty Futures
Net buy Rs 363 crore in Nifty Options
Net buy Rs 535 crore in Stock Futures
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Wednesday, April 21, 2010
20 April 2010 Closing Market Updates
20 April 2010 Closing Market Updates 15:32
Market opened positive and traded in very narrow range.Nifty closed at 5243 gaining 12.90 points while Sensex closed at 17454.71 which closed 5.87 points in negative.
Market opened positive and traded in very narrow range.Nifty closed at 5243 gaining 12.90 points while Sensex closed at 17454.71 which closed 5.87 points in negative.
21 April 2010 Intraday Calls
21 April 2010 Morning Market Calls 08:50
Market wil open slightly positive as Global markets are mixed.Nifty has resistance at 5250-5080.It should close above these levels for further strength.
Recommendations :
Follow Buy Calls in positive market bias and v.v.
Buy Gail sl 421 Target 532
Buy IDFC sl 167 Target 172
Buy SBIN sl 2088 Target 2118
Hold Long Axisbank Ref.20/04 Trail sl 1181 Target 1199
Buy Hindalco sl 180 Target 184.5
Buy Hindunilvr Above 229 sl 226 Target 234
Buy LICHSGFIN sl 875 Target 896
Buy IDBI sl 120 Target 123
Buy Syndibank Above 87.5 sl 86.5 Target 90.5
Sell Wipro sl 701 Target 685
Sell Patni Below 553 sl 558 Target 545
Stocks in News :
Results today : HCL Tech, Hindustan Zinc, United Spirits, Zee News, TVS Motor, Polaris Software, Infotech Enterprise
Unitech
-To merge arms Aditya Prop, Unitech Holdings with company
-To demerge infra, telecom operations into separate company
-Okays 1:1 swap ratio for demerged operations
Unitech says
-Have formed panel to consider potential acquisitions
-Unitech Infra will cease to be wholly-owned subsidiary of Unitech
-Unitech will hold 35% in Unitech Infra post demerger
-Unitech Infra to have telecom, SEZ, IT Parks, Hotels
-Unitech Infra to have construction & infrastructure biz, amusement parks
Zee Entertainment Q4:
-Consolidated net sales at Rs 649.29 crore versus Rs 530.93 crore (QoQ)
-Consolidated net profit at Rs 128.80 crore versus Rs 146.43 crore (QoQ
-Nos not strictly comparable on transfer of Zee News’ GEX business
Great Offshore Q4 (cr - crore, vs - versus)
-Net sales up 6.46% at Rs 274 crore versus Rs 257 crore
-Net Profit up 2.38% at Rs 73.1 Cr vs Rs 71.4 Cr
-Operating Margin 37.9% vs 41.6%
-Tax expense at Rs 5.13 Cr vs Rs 11.61 Cr
Ballarpur Industries Q4
-Net sales up 50.3% at Rs 1032 Cr vs Rs 687 Cr
-Net Profit up 230% at Rs 55 Cr vs Rs 16.6 Cr
-Operating margin flat at 11.6%
-Tax expense down at Rs 1.23 Cr vs Rs 16.39 Cr
Marsons ((Rs 20 CMP, small cap stock))
-Net Sales at Rs 31.2 Cr vs Rs 8.7 Cr (up 257%)
-Net Profit at Rs 3.04 Cr vs Net Loss of Rs 1.24 Cr
-Operating Margin 12.58% vs 14.11%
Chettinad Cement
-Net Sales up 7.47% at 338 Cr vs 315 Cr
-Net Profit at 7.24 Cr vs Net Loss of 98.3 Cr
-Operating Margin 3.36% vs -26.93%
Other stocks and sectors that are in news today:
-Zee Entertainment board approves acquisition of 9x channel , Board meet on 29 April for details of proposed acq.
-AGM Today : Wyeth, Nestle, United Spirits(EGM)
-Asian Electronics : Board approves hiving off its ESCO funding activity into a SPV
-Vivimed Labs: Mulls board meet on April 24 to issue warrants on preferential basis
-SpiceJet to raise USD 75 million from strategic sale, appoints IDFC-SSKI as banker.
-NPPA cuts prices of Novartis and Aventis by nearly 3%.
-Emami buying Egyptian co in next 3-4 weeks.
F&O cues:
Futures Open Int up Rs 2301 crore
Options Open Int up Rs 1335 crore
Nifty Fut add 12 lakh shares in total Open Int
Nifty Apr futures at 4-point discount
Nifty Open Int PCR at 1.18 versus 1.21
Nifty Puts add 3.6 lakh shares in Open Int
Nifty Calls add 16.5 lakh shares in Open Int
Nifty 5200 Put adds 4 lakh shares in Open Int
Nifty 5300 Put sheds 4 lakh shares in Open Int
Nifty 5300 Call adds 10 lakh shares in Open Int
Nifty 5200 Call adds 10 lakh shares in Open Int
Stock Futures add 4.6 cr shares in Open Int
FIIs in F&O on April 20
Net sell Rs 430 crore in Nifty futures, Open Int down 2,195 contracts
Net sell Rs 83 crore in Nifty options, Open Int up 17,796 contracts
Net buy Rs 585 crore in Stock futures, Open Int up 9,637 contracts
Market cues:
FIIs were net sellers of USD 106.7 million in equities on April 19.
NSE F&O Open Int was up by Rs 3637 crore at Rs 1.27 lakh crore
As per provisional data of April 20, FIIs were net sellers of Rs 157 crore; DIIs were net buyers of Rs 101 crore in cash markets. FIIs were net buyers of Rs 56 crore in F&O.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Market wil open slightly positive as Global markets are mixed.Nifty has resistance at 5250-5080.It should close above these levels for further strength.
Recommendations :
Follow Buy Calls in positive market bias and v.v.
Buy Gail sl 421 Target 532
Buy IDFC sl 167 Target 172
Buy SBIN sl 2088 Target 2118
Hold Long Axisbank Ref.20/04 Trail sl 1181 Target 1199
Buy Hindalco sl 180 Target 184.5
Buy Hindunilvr Above 229 sl 226 Target 234
Buy LICHSGFIN sl 875 Target 896
Buy IDBI sl 120 Target 123
Buy Syndibank Above 87.5 sl 86.5 Target 90.5
Sell Wipro sl 701 Target 685
Sell Patni Below 553 sl 558 Target 545
Stocks in News :
Results today : HCL Tech, Hindustan Zinc, United Spirits, Zee News, TVS Motor, Polaris Software, Infotech Enterprise
Unitech
-To merge arms Aditya Prop, Unitech Holdings with company
-To demerge infra, telecom operations into separate company
-Okays 1:1 swap ratio for demerged operations
Unitech says
-Have formed panel to consider potential acquisitions
-Unitech Infra will cease to be wholly-owned subsidiary of Unitech
-Unitech will hold 35% in Unitech Infra post demerger
-Unitech Infra to have telecom, SEZ, IT Parks, Hotels
-Unitech Infra to have construction & infrastructure biz, amusement parks
Zee Entertainment Q4:
-Consolidated net sales at Rs 649.29 crore versus Rs 530.93 crore (QoQ)
-Consolidated net profit at Rs 128.80 crore versus Rs 146.43 crore (QoQ
-Nos not strictly comparable on transfer of Zee News’ GEX business
Great Offshore Q4 (cr - crore, vs - versus)
-Net sales up 6.46% at Rs 274 crore versus Rs 257 crore
-Net Profit up 2.38% at Rs 73.1 Cr vs Rs 71.4 Cr
-Operating Margin 37.9% vs 41.6%
-Tax expense at Rs 5.13 Cr vs Rs 11.61 Cr
Ballarpur Industries Q4
-Net sales up 50.3% at Rs 1032 Cr vs Rs 687 Cr
-Net Profit up 230% at Rs 55 Cr vs Rs 16.6 Cr
-Operating margin flat at 11.6%
-Tax expense down at Rs 1.23 Cr vs Rs 16.39 Cr
Marsons ((Rs 20 CMP, small cap stock))
-Net Sales at Rs 31.2 Cr vs Rs 8.7 Cr (up 257%)
-Net Profit at Rs 3.04 Cr vs Net Loss of Rs 1.24 Cr
-Operating Margin 12.58% vs 14.11%
Chettinad Cement
-Net Sales up 7.47% at 338 Cr vs 315 Cr
-Net Profit at 7.24 Cr vs Net Loss of 98.3 Cr
-Operating Margin 3.36% vs -26.93%
Other stocks and sectors that are in news today:
-Zee Entertainment board approves acquisition of 9x channel , Board meet on 29 April for details of proposed acq.
-AGM Today : Wyeth, Nestle, United Spirits(EGM)
-Asian Electronics : Board approves hiving off its ESCO funding activity into a SPV
-Vivimed Labs: Mulls board meet on April 24 to issue warrants on preferential basis
-SpiceJet to raise USD 75 million from strategic sale, appoints IDFC-SSKI as banker.
-NPPA cuts prices of Novartis and Aventis by nearly 3%.
-Emami buying Egyptian co in next 3-4 weeks.
F&O cues:
Futures Open Int up Rs 2301 crore
Options Open Int up Rs 1335 crore
Nifty Fut add 12 lakh shares in total Open Int
Nifty Apr futures at 4-point discount
Nifty Open Int PCR at 1.18 versus 1.21
Nifty Puts add 3.6 lakh shares in Open Int
Nifty Calls add 16.5 lakh shares in Open Int
Nifty 5200 Put adds 4 lakh shares in Open Int
Nifty 5300 Put sheds 4 lakh shares in Open Int
Nifty 5300 Call adds 10 lakh shares in Open Int
Nifty 5200 Call adds 10 lakh shares in Open Int
Stock Futures add 4.6 cr shares in Open Int
FIIs in F&O on April 20
Net sell Rs 430 crore in Nifty futures, Open Int down 2,195 contracts
Net sell Rs 83 crore in Nifty options, Open Int up 17,796 contracts
Net buy Rs 585 crore in Stock futures, Open Int up 9,637 contracts
Market cues:
FIIs were net sellers of USD 106.7 million in equities on April 19.
NSE F&O Open Int was up by Rs 3637 crore at Rs 1.27 lakh crore
As per provisional data of April 20, FIIs were net sellers of Rs 157 crore; DIIs were net buyers of Rs 101 crore in cash markets. FIIs were net buyers of Rs 56 crore in F&O.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Tuesday, April 20, 2010
20 April 2010 Closing Market Updates
20 April 2010 Closing Market Updates 15:32
Today market opened positive on the basis of positive Asian markets.In the monetary policy declared today,the Reserve Bank of India raised the repo, reverse repo rates and the CRR by 25 basis points each. This means that the CRR is hiked to 6% from 5.75%, the reverse repo is raised to 3.75% from 3.5% and the repo is increased to 5.25% from 5%. The policy rates are effective immediately, while the CRR hike will be effective from April 24. The CRR hike is expected to take away Rs 12,500 crore from the system.
After that market jumped to its day high and closed in green.
Nifty closed at 5234.70 gaining 31.05 points after making day high of 5257.25.Sensex closed at 17461.36 with 60.68 points gain.
All BSE Sectoral Indices closed positive except IT & FMCG.Realty was the top gainer with 2.76%
Gail was the top gainer in Nifty50 stocks.It closed at 426.10 with 5.38% gain while top loser,TCS closed at 789 with 2.83% down.
Overall market breadth was positive to 3.86 : 1 as 1033 stocks gained and 267 stocks declined today on NSE.
For Realtime Intraday Earning Calls on your mobile, please call +919975060000
Today market opened positive on the basis of positive Asian markets.In the monetary policy declared today,the Reserve Bank of India raised the repo, reverse repo rates and the CRR by 25 basis points each. This means that the CRR is hiked to 6% from 5.75%, the reverse repo is raised to 3.75% from 3.5% and the repo is increased to 5.25% from 5%. The policy rates are effective immediately, while the CRR hike will be effective from April 24. The CRR hike is expected to take away Rs 12,500 crore from the system.
After that market jumped to its day high and closed in green.
Nifty closed at 5234.70 gaining 31.05 points after making day high of 5257.25.Sensex closed at 17461.36 with 60.68 points gain.
All BSE Sectoral Indices closed positive except IT & FMCG.Realty was the top gainer with 2.76%
Gail was the top gainer in Nifty50 stocks.It closed at 426.10 with 5.38% gain while top loser,TCS closed at 789 with 2.83% down.
Overall market breadth was positive to 3.86 : 1 as 1033 stocks gained and 267 stocks declined today on NSE.
For Realtime Intraday Earning Calls on your mobile, please call +919975060000
20 April 2010 Intraday Call
20 April 2010 Morning Market Updates 08:51
Market will open on positive side today and become volatile after the monetary policy will be announced.Market expects and has already discounted 25 basis points rate hike.So any rate hike more than 0.25% will give the chance for a treat for bears.
Nifty Support at 5165
Nifty Resistance 5265-5280
Recommendations :
Buy Hindalco Above 181 sl 178 Target 185
Buy Axisbank Above 1171 sl 1165 Target 1187
Buy BPCL Above 509 sl 503 Target 518
Sell on Rise Bhel sl 2502 Target 2465
Sell DLF sl 321 Target 312
Sell Siemens sl 716 Target 696
Sell Tatasteel Below 667 sl 674 Target 652 Positional
Sell Rpower sl 155 Target 151
Sell Jindalstel Below 717 sl 723 Target 706
Follow Buy Calls in Positive market bias and v.v.
Stocks in News :
Results Today: Axis Bank, Ballarpur Industries, Great offshore, HCL Tech, Jindal Saw, Reliance Industrial Infra, Zee Entertainment
TCS Q4 (QoQ)
-Revenues up 1.17% to Rs 7738 crore versus Rs 5649 crore ( 2% in constant currency) ( Poll was Rs 7820 crore)
-Revenues up 3.1% in dollar terms (our poll was 4.4% and CLSA at 5% post Infosys 5.2% in USD terms)
-21 bps improvements in operating margins at 27.51% versus 27.30%
-Net profit up 9.67% at Rs 2001 crore versus Rs 1824 crore (poll was Rs 1808 crore)
Hero Honda Q4
-Net profit at Rs 598 crore versus Rs 402 crore, up 48.8% (YoY)
-Net sales at Rs 4,093 crore versus Rs 3,422 crore; up19.6% (YoY)
-EBITDA margins at 17.27% versus 16.01% (YoY)
Sesa Goa : Q4 Numbers ( Note : Q4 not comparable due to Dempo acquisition)
-Sales at Rs 2403.54 crore versus Rs 1429 crore (Up 68% YoY) (In-line)
-PAT at Rs 1215.1 crore versus Rs 548.36 crore (up 122% YoY) (Higher than estimate)
-EBITDA margins of 62% versus 52% (YoY)
GAIL update
-PNGRB announces provisional tarriffs for GAIL's pipeline
-Provisional tarriff shows a negligilbe decline to current tarriff
-Provisional tarriff for existing HVJ - GREP - DVPL pipeline at Rs 25.46/mmbtu -Alert: Current average tarriff was Rs 25.59/mmbtu
-Tariff for new DVPL/GREP network fixed at Rs 53.65/mmbtu
-Alert: Market was expecting tarriff to be Rs 48-49/mmbtu
-Alert: Regulator’s new proposed tariff implies 40% jump in blended rate
-Hindustan Copper divestment may be mulled by cabinet in 3-4 weeks
-Inter-ministerial discussions on for Hindustan Copper divestment
-20% share sale proposed, 10% fresh equity & 10% offer for sale
-Expecting SEBI nod for Jaypee Infratech IPO by April 22
-Want to bring out IPO a few days after SEBI nod
-No change in fund raising target; will raise around Rs 2500 crore
-Exposure to Uttar Pradesh should not worry investors
-To launch 2 new townships along Yamuna Expressway by October: Srcs
-Will consider airport development at an opportune time
Modern Steel : Q4
-Sales at Rs 75.21 crore versus Rs 60.62 crore (YoY)
-PAT at Rs 0.39 crore versus a loss of Rs 2.71 crore (YoY)
Other stocks and sectors that are in news today:
-Unitech board meet today to consider recommendation of restructuring of committee (For selling non-core business)
-LG appoints Redington its distributor for Mobile phones in Tamil Nadu (Company expect about Rs 150-180 crore in FY'11)
-Shrenuj : Board meet today to consider amalgamation with Shrenuj Diajewels Ltd. and Shrenuj Gems & Jewellery Ltd
-Re-Listing of Kirloskar Brothers today
-Tata Steel may not sell Teesside
-Videocon inks pact with Philips NV to make and sell Philips brand TV in India
-Jay Shree Tea close to buying tea assets in Africa.
-OMCs to be adequately compensated says Petroleum secretary.
-Acrelor Mittal eyes stake in Ferro Alloys Corp.(CMP Rs 23.5)
-Heavy Eng Cop eyes HMT’s sub Hindustan Machine Tools.
Market cues:
RBI credit policy today
TCS Q4 mixed: Misses revenue estimates
TCS Q4: Beats net profit est on margins, forex gains
FIIs were net buyers of USD 81.75 million in equities on April 17
NSE F&O Open Int was up by Rs 1,279 crore at Rs 1.24 lakh crore.
As per provisional data of April 18, FIIs were net sellers of Rs 756 crore, while DIIs were net buyers of Rs 570 crore in cash markets. FIIs were net sellers of Rs 148 crore in F&O.
F&O cues:
Futures Open Int up Rs 67 crore
Options Open Int up Rs 1212 crore
Nifty Fut add 2 lakh shares in total Open Int
Nifty Apr Futures at 4-point premium
Nifty Open Int PCR at 1.21 versus 1.24
Nifty Puts add 5.7 lakh shares in Open Int
Nifty Calls add 16 lakh shares in Open Int
Nifty 5100 Put adds 8.6 lakh shares in Open Int
Nifty 5300 Put sheds 19 lakh shares in Open Int
Nifty 5200 Call adds 18 lakh shares in Open Int
Nifty 5500 Call sheds 9.6 lakh shares in Open Int
Stock Futures add 2.7 crore shares in Open Int
FIIs in F&O on April 18
Net sell Rs 829 cr in Nifty futures, Open Int up 7,559 contracts
Net buy Rs 815 cr in Nifty options, Open Int up 45,849 contracts
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Market will open on positive side today and become volatile after the monetary policy will be announced.Market expects and has already discounted 25 basis points rate hike.So any rate hike more than 0.25% will give the chance for a treat for bears.
Nifty Support at 5165
Nifty Resistance 5265-5280
Recommendations :
Buy Hindalco Above 181 sl 178 Target 185
Buy Axisbank Above 1171 sl 1165 Target 1187
Buy BPCL Above 509 sl 503 Target 518
Sell on Rise Bhel sl 2502 Target 2465
Sell DLF sl 321 Target 312
Sell Siemens sl 716 Target 696
Sell Tatasteel Below 667 sl 674 Target 652 Positional
Sell Rpower sl 155 Target 151
Sell Jindalstel Below 717 sl 723 Target 706
Follow Buy Calls in Positive market bias and v.v.
Stocks in News :
Results Today: Axis Bank, Ballarpur Industries, Great offshore, HCL Tech, Jindal Saw, Reliance Industrial Infra, Zee Entertainment
TCS Q4 (QoQ)
-Revenues up 1.17% to Rs 7738 crore versus Rs 5649 crore ( 2% in constant currency) ( Poll was Rs 7820 crore)
-Revenues up 3.1% in dollar terms (our poll was 4.4% and CLSA at 5% post Infosys 5.2% in USD terms)
-21 bps improvements in operating margins at 27.51% versus 27.30%
-Net profit up 9.67% at Rs 2001 crore versus Rs 1824 crore (poll was Rs 1808 crore)
Hero Honda Q4
-Net profit at Rs 598 crore versus Rs 402 crore, up 48.8% (YoY)
-Net sales at Rs 4,093 crore versus Rs 3,422 crore; up19.6% (YoY)
-EBITDA margins at 17.27% versus 16.01% (YoY)
Sesa Goa : Q4 Numbers ( Note : Q4 not comparable due to Dempo acquisition)
-Sales at Rs 2403.54 crore versus Rs 1429 crore (Up 68% YoY) (In-line)
-PAT at Rs 1215.1 crore versus Rs 548.36 crore (up 122% YoY) (Higher than estimate)
-EBITDA margins of 62% versus 52% (YoY)
GAIL update
-PNGRB announces provisional tarriffs for GAIL's pipeline
-Provisional tarriff shows a negligilbe decline to current tarriff
-Provisional tarriff for existing HVJ - GREP - DVPL pipeline at Rs 25.46/mmbtu -Alert: Current average tarriff was Rs 25.59/mmbtu
-Tariff for new DVPL/GREP network fixed at Rs 53.65/mmbtu
-Alert: Market was expecting tarriff to be Rs 48-49/mmbtu
-Alert: Regulator’s new proposed tariff implies 40% jump in blended rate
-Hindustan Copper divestment may be mulled by cabinet in 3-4 weeks
-Inter-ministerial discussions on for Hindustan Copper divestment
-20% share sale proposed, 10% fresh equity & 10% offer for sale
-Expecting SEBI nod for Jaypee Infratech IPO by April 22
-Want to bring out IPO a few days after SEBI nod
-No change in fund raising target; will raise around Rs 2500 crore
-Exposure to Uttar Pradesh should not worry investors
-To launch 2 new townships along Yamuna Expressway by October: Srcs
-Will consider airport development at an opportune time
Modern Steel : Q4
-Sales at Rs 75.21 crore versus Rs 60.62 crore (YoY)
-PAT at Rs 0.39 crore versus a loss of Rs 2.71 crore (YoY)
Other stocks and sectors that are in news today:
-Unitech board meet today to consider recommendation of restructuring of committee (For selling non-core business)
-LG appoints Redington its distributor for Mobile phones in Tamil Nadu (Company expect about Rs 150-180 crore in FY'11)
-Shrenuj : Board meet today to consider amalgamation with Shrenuj Diajewels Ltd. and Shrenuj Gems & Jewellery Ltd
-Re-Listing of Kirloskar Brothers today
-Tata Steel may not sell Teesside
-Videocon inks pact with Philips NV to make and sell Philips brand TV in India
-Jay Shree Tea close to buying tea assets in Africa.
-OMCs to be adequately compensated says Petroleum secretary.
-Acrelor Mittal eyes stake in Ferro Alloys Corp.(CMP Rs 23.5)
-Heavy Eng Cop eyes HMT’s sub Hindustan Machine Tools.
Market cues:
RBI credit policy today
TCS Q4 mixed: Misses revenue estimates
TCS Q4: Beats net profit est on margins, forex gains
FIIs were net buyers of USD 81.75 million in equities on April 17
NSE F&O Open Int was up by Rs 1,279 crore at Rs 1.24 lakh crore.
As per provisional data of April 18, FIIs were net sellers of Rs 756 crore, while DIIs were net buyers of Rs 570 crore in cash markets. FIIs were net sellers of Rs 148 crore in F&O.
F&O cues:
Futures Open Int up Rs 67 crore
Options Open Int up Rs 1212 crore
Nifty Fut add 2 lakh shares in total Open Int
Nifty Apr Futures at 4-point premium
Nifty Open Int PCR at 1.21 versus 1.24
Nifty Puts add 5.7 lakh shares in Open Int
Nifty Calls add 16 lakh shares in Open Int
Nifty 5100 Put adds 8.6 lakh shares in Open Int
Nifty 5300 Put sheds 19 lakh shares in Open Int
Nifty 5200 Call adds 18 lakh shares in Open Int
Nifty 5500 Call sheds 9.6 lakh shares in Open Int
Stock Futures add 2.7 crore shares in Open Int
FIIs in F&O on April 18
Net sell Rs 829 cr in Nifty futures, Open Int up 7,559 contracts
Net buy Rs 815 cr in Nifty options, Open Int up 45,849 contracts
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Monday, April 19, 2010
19 April 2010 Closing Market Updates
9 April 2010 Closing Market Updates 15:31
Market opened negative on the Goldman sachs' fear.All Asian markets were tumbled and the effect continued on our markets.Tomorrow's monetary policy was also the cautious reason today.Nifty opened below 5200 mark and made a low of 5160.90.Nifty closed at 5201.60 just above 5200 mark losing 61 points after bouncing 40 points from its day bottom.Sensex closed at 17399.52 losing 191.66 points today.
All sectoral indices on BSE closed negative.Top loser was Realty hitted by 2.75%
Hindalco was the top gainer in Nifty50 stocks.It gained 2.12% and closed at 178.20 while DLF was the top loser closed at 315 after declining 4.62%.
Advance/Decline ratio was the worst 1:3.73 as 276 stocks gained and 1031 stocks declined today on NSE.
For Realtime analytical real time calls on your mobile,
Call us on +919975060000
Market opened negative on the Goldman sachs' fear.All Asian markets were tumbled and the effect continued on our markets.Tomorrow's monetary policy was also the cautious reason today.Nifty opened below 5200 mark and made a low of 5160.90.Nifty closed at 5201.60 just above 5200 mark losing 61 points after bouncing 40 points from its day bottom.Sensex closed at 17399.52 losing 191.66 points today.
All sectoral indices on BSE closed negative.Top loser was Realty hitted by 2.75%
Hindalco was the top gainer in Nifty50 stocks.It gained 2.12% and closed at 178.20 while DLF was the top loser closed at 315 after declining 4.62%.
Advance/Decline ratio was the worst 1:3.73 as 276 stocks gained and 1031 stocks declined today on NSE.
For Realtime analytical real time calls on your mobile,
Call us on +919975060000
19 April 2010 Morning Market Updates
19 April 2010 Morning Market Updates 08:50
Gap down opening is expected.Nifty has important support at 5165.As per our recommendation, cover Nifty shorts around 5165.
Recommendations :
Buy Mphasis sl 655 Target 674
Buy Sesagoa sl 466 Target 485
Sell Aban Below 1217 sl 1227 Target 1206
Sell ICICIBank sl 933 Target 911
Sell Canbk sl 402 Target 393
Sell Crompgreav sl 266 Target 258
Sell LT sl 1580 Target 1552
Sell NTPC Below 206 sl 208 Target 203
Sell Andhrabank Below 111 sl 113 Target 109
Sell Bajaj-auto Below 2033 sl 2053 Target 2001
Sell Glenmark Below 268 sl 273 Target 259
Sell HDIL Below 295 sl 298 Target 292
Sell Videoind Below 236 sl 238 Target 232
Sell IVRCLInfra Below 170 sl 172 Target 166
Sell Jaicorpltd Below 274 sl 278 Target 268
Sell RIIL Below 861 sl 869 Target 850
Hold short Nifty Apr. Fut Ref.13/04 Trail sl 5240 Target 5165
Hold short Relcapital Ref.15/04 Trail sl 765 Target 745
Hold short Reliance Ref.16/04 Trail sl 1094 Target 1052
Hold short SBIN Ref.16/04 Trail sl 2055 Target
Hold short Yesbank Trail sl 251 Target 243
Cover short in BankNifty Fut. Ref.13/04around 5235-5210
Weak stocks
Axisbank
Bhartiartl
Grasim
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Gap down opening is expected.Nifty has important support at 5165.As per our recommendation, cover Nifty shorts around 5165.
Recommendations :
Buy Mphasis sl 655 Target 674
Buy Sesagoa sl 466 Target 485
Sell Aban Below 1217 sl 1227 Target 1206
Sell ICICIBank sl 933 Target 911
Sell Canbk sl 402 Target 393
Sell Crompgreav sl 266 Target 258
Sell LT sl 1580 Target 1552
Sell NTPC Below 206 sl 208 Target 203
Sell Andhrabank Below 111 sl 113 Target 109
Sell Bajaj-auto Below 2033 sl 2053 Target 2001
Sell Glenmark Below 268 sl 273 Target 259
Sell HDIL Below 295 sl 298 Target 292
Sell Videoind Below 236 sl 238 Target 232
Sell IVRCLInfra Below 170 sl 172 Target 166
Sell Jaicorpltd Below 274 sl 278 Target 268
Sell RIIL Below 861 sl 869 Target 850
Hold short Nifty Apr. Fut Ref.13/04 Trail sl 5240 Target 5165
Hold short Relcapital Ref.15/04 Trail sl 765 Target 745
Hold short Reliance Ref.16/04 Trail sl 1094 Target 1052
Hold short SBIN Ref.16/04 Trail sl 2055 Target
Hold short Yesbank Trail sl 251 Target 243
Cover short in BankNifty Fut. Ref.13/04around 5235-5210
Weak stocks
Axisbank
Bhartiartl
Grasim
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
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