12 July 2010 Intraday Calls

12 July 2010 Morning Market Updates  08:50
Market will continue Friday's Northsided rally as global cues are positive.
Nifty has a resistance at 5400 levels whereas immediate support will be considered at 5260-5270 on closing basis.
May IIP numbers will be declared today and those will decide the trend. 
Intraday Calls :
Buy Bhel Abv 2420 sl 2400 T 2444



Buy Cairn Abv 304 sl 301 T 309


Buy DLF sl 292 T 301


Buy Grasim sl 1875 T 1924


Buy HCLTech Abv 364 sl 361 T 368


Buy HDFCBank Abv 2010 Close sl 1998 T 2045


Buy Hindalco sl 147 T 152


Buy Jindalstel Abv 637 sl 634 T 648


Hold Long SBIN Ref.08/07 Trail sl 2336 T 2400


Buy Ster Abv 169 sl 166 T 173


Buy Tatasteel Abv 501 close sl 493 T 510/528/545 Positional


Buy Wipro sl 398 T 405


Buy HDIL sl 247 T 254


Buy LICHSGFIN Abv 1003 sl 993 T 1013/1019


Sell Hindunilvr Bel 261 sl 263 T 258


Sell NTPC sl 199 T 195


Sell Relinfra Bel 1168 sl 1175 T 1154


Sell Drreddy Bel 1454 sl 1464 T 1441


Sell Apil Bel 648 sl 655 T 638


 
Stocks in News :
Results today - CMC, Geojit BNP, JP Infra, Moser Baer, Pfizer, Sintex Inds, Wyeth

Stocks in news: Cairn, Rel Cap, EIL, RIL, Piramal Health
Piramal-SRL deal?: CNBC-TV18 learns
-Piramal to sell diagnostic arm to SRL
-Deal seen at Rs 600-700 crore
-Diagnostic biz revenues @ Rs 200 crore
-Deal may be announced early this week
-Alert: SRL promoted by Malvinder Singh
Govt says
-Gives infra status to bonds issued by LIC, IDFC, IFCI
-Also gives infra status to bonds issued by infra NBFCs
CBI on Satyam:
-Promoters & family wrongfully gained Rs 2,743 crore
-Satyam had inflated non existent cash of Rs 5,040 crore
Board Meeting
-Surya Roshni : Allotment of Securities
-Celebrity Fashion : Issue of Prefrence Shares
-Camlin Fine : Rights issue committee meeting
Ex-Dividends
-Tata Steel : Ex-Dividend @ Rs 8/share
-Orchid Chemical : Ex-Dividend @ Rs 10/share
-Redington India : Ex-Dividend @ Rs 5/share
-Tata Elxsi : Ex-Dividend @ Rs 7/share
-VST Inds : Ex-Dividend @ Rs 30/share
Kajaria Ceramics Q1’FY10
PAT at Rs 11.3 crore versus Rs 6.04 crore ((Up 87% YoY))
Sales at Rs 207 crore versus Rs 159.8 crore ((up 29% YoY))
Amrutanjan Health : Board meet on July 14 to consider update on buy-back of shares

Essar Oil :Allots FCCB 2nd tranche worth USD 147 million to promoter co
RIL may vie for Bombay Dyeing plant.
Re-listing of Usha Martin Education & Solution ((Circuit Filters open))
Hotel Leela promoters hiking stake in company to fence against takeover bid from ITC.
Relliance Life scouts for strategic partner.
EIL to launch FPO on July 27, plans to raise about Rs 1200 crore by disinvesting 10% stake
Cairn India, JV partners ONGC, Videocon & Ravva Oil in producing East Coast Ravva are looking at a new gas price of USD 4.75/mBtu.

09 July 2010 Closing Market Updates

09 July 2010 Closing Market Updates 15:31

Strong global cues helped to close our markets higher.Nifty closed at 5352.10 gained,55.25 points and Sensex closed at 17840.98 with 189.25 points of gain.

Among the BSE Sectoral Indices,Teck Index gained the most by 2.45% while FMCG Index was the only loser by 0.72%.

Telecom stocks shone today in the market.Idea gained maximum in Nifty50 stocks with 13.20% and ended at 66.90.Ambuja cement was the top loser in Nifty50 stocks with 1.68% decline and ended at 111.

Market breadth was positive as 783 stocks gained and 529 stocks declined today on NSE.

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09 July 2010 Morning Market Updates

09 July 2010 Morning Market Updates 08:50

Results today: Gujarat NRE, IndusInd Bank, Titagarh Wagon
M&M - Sources
-M&M, Renault-Nissan, Daewoo Bus left in race for Ssangyong
-3 of the 6 potential buyers did on-site audit of Ssangyong facilities
-Other 3 bidders may not go ahead with due diligence
-Bid likely to be in the range of USD 330-410 million
Alert: Ssangyong acquisition will help M&M to get SSangyong's hybrid & electric technology; will help to enter the US
Ex-dividend
-Alstom Projects : Rs 10
-DB Corp : Rs 1.25/share
-GTL : Rs 3/share
-Hanung Toys : Rs 2/share
-Phillips Carbon : Rs 5/share
-Titan Inds : Rs 15/share
Other stocks and sectors that are in news today:
-RBI clears PR Somasundaram's name for CEO of Lakshmi Vilas Bank-Bajaj Auto, Renault-Nissan to sign MoU to develop 4-wheeler
-HCL Infosystems buys 60% stake in Dubai-based NTS for USD 6.5 million
-Corporation Bank : Hikes deposit rates by 25 bps in 3 short-term tenures
-KPIT Cummins Infosystems : Mulls meet on 13 July for strategic investment in Germany based niche automotive product Company (( Rev of $5m))
-Shiv-Vani Oil & Gas: Approved issue and launch of FCCB worth USD 75 million
-Ganesh Benzoplast : Mulls Board Meet on 16 July for preferential Allotment
-Board Meet today: Supreme Tex Mart on Preferential Issue
-Govt set to approve 3rd Phase of private FM radio.
F&O cues:
Futures Open Int down Rs 409 crore
Options Open Int up Rs 247 crore
Nifty Futures shed 21 lakh shares in Open Int
Nifty Futures at 12-point premium
Nifty Open Int PCR unchanged at 1.29
Nifty Puts, Calls OI little changed
Nifty 5300 Put adds 7.5 lakh shares in Open Int
Nifty 5100 Put sheds 10.4 lakh shares in Open Int
Nifty 5500 Call adds 6 lakh shares in Open Int
Nifty 5400 Call sheds 8.7 lakh shares in Open Int
Stock Futures shed 0.5 cr shares in Open Int

7 July 2010 Closing Market Updates

7 July 2010 Closing Market Updates  15:30

The benchmark Sensex  showed a bit of recovery in afternoon trade on the back of buying interest in Bharti Airtel, BHEL, TCS, SBI, Tata Steel, Maruti and Infosys. ADAG and power companies' shares were also on the buyers' radar.However, selling continued in heavyweights like Reliance Industries, ONGC, SAIL, ICICI Bank, HDFC, HDFC Bank, L&T, Wipro and ITC. On the sectoral front, private financial, metal, FMCG, realty, oil & gas, select technology and auto companies' shares were under pressure.

Nifty Closed  47.95 Points down at 5241.10 and Sensex closed 143.45 points down at 17471.03

07 July 2010 Intraday Calls

07 July 2010 Morning Market Updates  08:50

Today market will open weak because of weaker Asian markets but may gain later.

Intraday Calls :

Follow Buy Calls in Positive Market Bias and v.v.

Buy

Nifty Fut

sl

5278

T

5355

Buy

BankNifty

Ref.06/07

sl

9535

T

9642/9675

Buy

Bhartiartl

sl

267

T

277

Buy

HDFCBank

sl

1957

T

1977

Buy

Infosystch

sl

2767

T

2809

Buy

M&M

sl

623

T

638

Buy

Sunpharma

sl

1791

T

1818

Buy

IOB

sl

105

T

114

Buy

Jindalswhl

sl

1681

T

1711

Buy

Yesbank

sl

273

T

281

Buy

Bomdyeing

sl

508

T

526

Buy

Abb

Abv

867

sl

861

T

878

Buy

Axisbank

Abv

1268

sl

1247

T

1300/1312

Buy

DLF

Abv

286

sl

283

T

292

Buy

ICICIBank

Abv

869

sl

857

T

884

Buy

SBIN

Abv

2324

sl

2308

T

2355

Buy

Corpbank

Abv

530

sl

526

T

538

Sell

Glaxo

sl

2146

T

2115

Sell

BPCL

Bel

654

sl

666

T

637

Sell

ITC

Bel

300

sl

303

T

294

Sell

Maruti

Bel

1388

sl

1399

T

1371

Sell

Relinfra

Bel

1186

sl

1194

T

1170

Sell

Hindpetro

Bel

457

sl

465

T

443

Sell

Lupin

Bel

1911

sl

1918

T

1898

Stocks in News :

DIPP Secretary says

Not clear about quantum of FDI cap in Retail

Comments from industry to give clear view on retail FDI

Will decide retail FDI cap after comments

JSW Steel: sources from NewsWire18

JSW Steel may announce stake sale to Japan's JFE by July 26

JSW Steel team currently in Japan to finalise JFE deal

JFE likely to pick up nearly 15% in JSW Steel in tranches

No official confirmation from JSW Steel on JFE deal

JSW Steel had said JFE may buy 5-15% in company on June 29

JSW Steel stake sale to JFE seen around Rs 1,400/sh ((CMP: 1076))

Board meets today

Aegis Logistics : Bonus

Ex-Dates

Zenith Birla : Ex-Dividend @ Rs 2/share ((Final Rs.0.6+ Special Rs.1.4))

Tata Coffee : Ex-Dividend @ Rs 7.5/share

EID Parry : Ex-Dividend @ Rs 4/share

Dhanalakshmi Bank : Ex-Dividend @ Rs 1/share

Dena Bank : Ex-Dividend @ Rs 2/share

English Indian : Ex-Dividend @ Rs 5/share , Ex-Bonus in Ratio of 5:4,Ex-Split in ratio of 5:1

SpiceJet block deal

Istithmar sells 2.21 crore shares @ Rs 53.55/share

DB Fund Mauritius buys 50.9 lakh shares

Legg Mason Southeast Asia trust buys 64.7 lakh shares

Pfizer India

To launch Prevenar 13 In India

Prevenar 13 annual sales in the range of USD 3 billion

Vaccine is for infants & children between 15 months & 5 years

Prevenar 13 is a preventive vaccine for Pneumonia

Prevenar 13 clinical trials were halted in india in 2008 on a/c of violation of rules

Pfizer India to make formal announcement tomorrow

Other stocks and sectors that are in news today:

Tata Motors to invest Rs 10,000 crore in 2-3 years

GTL Infra likely to issue fresh shares for Reliance Infra deal

Power Grid: Board approves 2 investment projects worth Rs 2035 crore

SJVN to pick up stake in Georgian plant, also plans to invest Rs 300 cr in solar, wind projects

Home Loan co may see new lending rate norms, NHB to start the exercise for a smooth transaction – BS

ECE Ind rights issue to open today

VW plans small car with Maruti for India at a price lower than Polo – TOI

7 July 2010 Closing Market Updates

7 July 2010 Closing Market Updates  15:30

The benchmark Sensex  showed a bit of recovery in afternoon trade on the back of buying interest in Bharti Airtel, BHEL, TCS, SBI, Tata Steel, Maruti and Infosys. ADAG and power companies' shares were also on the buyers' radar.However, selling continued in heavyweights like Reliance Industries, ONGC, SAIL, ICICI Bank, HDFC, HDFC Bank, L&T, Wipro and ITC. On the sectoral front, private financial, metal, FMCG, realty, oil & gas, select technology and auto companies' shares were under pressure.

Nifty Closed  50.25 Points down at 5238.80 and Sensex closed 153.82 points down at 17460.66

6 July Morning Market Updates

Sell Nifty Fut below 5230(Spot) Sl 5280 (close) TRg 5165 (positional)

5 July 2010 Intraday Calls:

5 July Morning Market Updates:

Intraday Calls :
Follow Buy Calls in Positive Market Bias and v.v.

Buy	Federalbnk				sl	324	T	338
Buy	IFCI				sl	55	T	60
Buy	Mphasis				sl	592	T	605
Buy	Abb		Abv	867	sl	859	T	880
Buy	Adanient		Abv	542	sl	537	T	550
Buy	Jaicorpltd		Abv	257	sl	251	T	270	Positional
Sell	Bajaj-Auto				sl	2462	T	2442
Sell	Crompgreav				sl	257	T	247
Sell	Cairn				sl	302	T	286	Positional
Sell	NiftyFut		Bel	5230	sl	5280	T	5165 / 5110
Sell	ACC		Bel	851
Sell	Rcom		Bel	188	sl	192	T	181
Sell	Sunpharma		Bel	1750	sl	1764	T	1722
Sell	Biocon		Bel	315	sl	320	T	311
Sell	Drreddy		Bel	1429	sl	1439	T	1416
Sell	IOB		Bel	102	sl	104	T	99
Sell	DLF		Bel	280	sl	284	T	273	Positional
Sell	LT		Bel	1774	sl	1792	T	1729	Positional
Sell	Reliance		Bel	1064	sl	1094	T	1020	Positional
Sell	Relinfra		Bel	1184	sl	1202	T	1155	Positional
Sell	Jetairways		Bel	521	sl	528	T	510	Positional

Stocks that are in news today:
 RNRL-Reliance Power ((RNRL CMP: Rs 64, Rel Power: Rs 175 – implies big fall for RNRL stock)

 RNRL-Reliance Power boards approved merger
RNRL shareholders to get 1 Reliance Power share for every 4 held
Exchange ratio based on valuation by KPMG
Valuation done on weighted average of DCF, CMP and book value

RIL Exclusive: SourcesRIL may pick up small stake in Reliance Power post merger
Stake likely to be taken as a 'fuel supplier'
Fuel supplier stake is a global practice'
Valuation of merged entity prior to stake sale

RBI Hikes repo rate by 25 bps to 5.5% from 5.25%
Ups reverse repo rate by 25 bps to 4% from 3.75

TCS ((AGM))Expects growth from BFSI, retail, govt
Focusing on moving up the value change in FY11
Margins likely to come under pressure in FY11
Margin pressure owing to new players in China, Japan, UK

Power Grid Board okays follow-on public offer
To dilute 20% via FPO offer

Other stocks and sectors that are in news today: Network 18 & Television Eighteen boards meet on July 7 for restructuring proposal
Federal Bank seeks RBI nod for appointment of Shyam Srinivasan as CEO & MD
AV Birla Group June cement sales up 2.59% at 3.15 mt
Hindustan Media Ventures IPO opens today, issue of Rs 270 crore at a price band of Rs 162-175/sh
SE Investments board meet today on Stock Split
Shipping Corporation : Given physical delivery of its one Crude Oil Carrier m.t. to buyer
Ankit Metal & Power: Board meet on 6 July for Bonus
Gammon Infra: Parvez Keki Umrigar steps down as MD of the company ((no reason provided))
NHPC: designated as executing agency for two hydel plants of total 1842MW
Kinetic likely to re-start 2 wheeler operations in 2013 – FE
M&M, Adani in race to acquire DLF’s 74% stake in insurance JV – Mint
RCF opens 300 acers residential colony for redevelopment – ToI 

Market cues:

RBI hikes repo, reverse repo by 25 bps each

US markets closed today for independence day

NSE F&O Open Int was up by Rs 2721 crore at Rs 1.25 lakh crore

1 July Morning Market Updates:

1 July Morning Market Updates:
Stocks that are in news today:
Base Rate -ICICI Bank :7.5%
Kotak Mahindra Bank :7.25%
HDFC Bank:7.25%
Axis Bank :7.5%
South Indian Bank :8.10%
Karnataka Bank :8.75%
J&K Bank :8.25%
Tata Power
Raises USD 300 million by monetizing Indonesian Coal SPVs
To sell 14-15% stake to PE Firm Olympus Holdings
To sell stake in Bhira Investments & Bhivpuri Investments
Alert : Bhira Investments owns stake in Bumi Resources’ Coal Mines
Auto sales numbers today - Expectations-Maruti Suzuki June Auto sales seen at 100,000 units versus 75,109 units (YoY), 102,175 units (MoM)
Hero Honda June sales seen at 4.25 lakh units versus 3.65 lakh (YoY), versus 4.35 lakh units (MoM)
TVS Motor expected to post sales at 1.6 lakh units for June 2010
Board Meet Today
ICSA : Issue of Securities
Hanung Toys : Dividend
Other stocks and sectors that are in news today:
Listing of equity shares of Parabolic Drugs today
NMDC hikes iron ore fines prices by 11.5%
IVRCL Assets issues Rs 100 crore NCDs on private placement
Shoppers Stop ups stake in Hypercity to 51% from 19% Earlier
MTNL: Considering a bond issue for repayment of 3G debt
Oil PSUs to raise ATF prices by average Rs 1,343/kL on Thursday
US advisory firm Glass Lewis advises Parkway investors against Khazanah bid
M&M counters lawsuit by US Dealers : Mint
Indraprastha Gas (IGL) gets license to sell gas in Ghaziabad: Mint
REC to raise USD 400 million ECB, Rs 2000 crore of Local bonds : DNA
Sumit Banerjee to exit ACC to spearhead ADAG cement foray 
F&O cues:
Futures Open Int up Rs 2745 crore
Options Open Int up Rs 3514 crore
Nifty Futures add 16 lakh shares in Open Int
Nifty Futures at 4-point premium
Nifty Open Int PCR at 1.30 versus 1.26
Nifty Puts add 41 lakh shares in Open Int
Nifty Calls add 17 lakh shares in Open Int
Nifty 5100 Put adds 8.8 lakh shares in Open Int
Nifty 5200 Put adds 8.7 lakh shares in Open Int
Nifty 5000 Put adds 8.2 lakh shares in Open Int
Nifty 5200 Call adds 4.6 lakh shares in Open Int
Nifty 5500 Call adds 4.6 lakh shares in Open Int
Stock Futures add 5.5 cr shares in Open Int
FIIs in F&O on June 30
Net buy Rs 96 crore in Nifty Futures
Net buy Rs 540 crore in Nifty Options
Net sell Rs 277 crore in Stock Futures
Market cues:
US markets extend losses
S&P 500 breaks 1040 on closing basis
Asian markets open weak
NSE F&O Open Int was up by Rs 6259 crore at Rs 1.19 lakh crore
As per provisional data of June 30, FIIs were net buyers of Rs 590 crore; DIIs were net sellers of Rs 151 crore in cash markets. FIIs were net buyers of Rs 364 crore in F&O.
US Markets:
US stocks ended their worst quarter in over a year as indices closed lower after a disappointing report on private-sector employment.
The Dow shed 1%, to close at 9,774, while the S&P 500 finished below the key 1,040 mark, raising concerns that the next stop could be 1,000 or 950.
The House of Representatives approved the financial-overhaul bill, moving a step closer to enacting the broadest rewrite of Wall Street rules since the great depression. The house voted 237-192 in favor of the bill. It also will have to be approved by the senate, which delayed action until after the weeklong July 4 recess, before going to President Barack Obama for him to sign into law. 
In economic data, the ADP said the private sector added just 13,000 jobs in June, well below expectations. The report is closely watched ahead of the government's jobs report, due on Friday. Also the Chicago PMI for June came in at 59.1, which is on par with expectations, but down slightly from the 59.7 that was posted for the prior month.
The euro gained modestly on that news which soothed concerns over European banks' funding issues. Spanish, Portuguese and Greek banks have been the biggest users of the facilities. Gains in the euro were limited after Moody's said it may cut Spain's sovereign debt ratings on deteriorating economic growth prospects.
In commodities, crude fell in choppy trade after a US government report showed fuel inventories rose last week, outweighing a decline in crude stocks in the world's top consumer.
Base metals too are trading under pressure. Copper, aluminium and zinc are all in the red.

30 June 2010 Closing Market Updates

30 June 2010 Closing Market Updates  15:31

A volatile day ended with a firm gains as European markets and US Index futures opened positive and were trading positive at the time of closing of our market.Nifty closed at 5315.60 with 59.45 points and Sensex gained 185.10 points and ended at 17719.19.

Among the BSE Sectoral indices, FMCG Index gained the most by 2.02% but IT Index ended flat.

IDFC was the top gainer in Nifty50 stocks which gained 4.41% and ended at 179.95 on the contra, Bhartiartl was the top loser in the index.Bharti declined by 1.28% and ended at 262.40.

Market breadth was positive as 756 stocks gained while 547 stocks declined today on NSE.

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