17th August, 2011 Closing Market Updates

17th August, 2011 Closing Market Updates 15:38

The Indian market ended another day of choppy trade on a positive note and with modest gains, after having moved in and out of the red a few times in the day. The broader markets, however, remained weak all through and closed up negative. Sensex closed at 16854, up 123 points (provisional) and Nifty at 5063, up 27 points (provisional) from the previous close. CNX Midcap index was down 0.9% and BSE Smallcap index was down 1.6%. The market breadth was negative with advances at 418 against declines of 1035 on the NSE.   
In Nifty50 stocks, HCLTECH was the top gainer by 3.27% and closed at 425.35. DLF was the top loser by 6.77% and closed at 177.

Major Global Indices :

Hang Seng : +76.95

Nikkei : -50.17

FTSE : -45.51

CAC : -9.04

DAX : -74.66

Dow Futures : +8.00

Nasdaq Futures : -4.00

17th August, 2011 Morning Market Updates

17th August, 2011 Morning Market Updates 8:45
Stock in news

Results Today: HCL Infosystems, KDL Biotech

Tata Motors 
-July global sales down 6% at 85,392 units (YoY)
-July global CV sales up 16% at 47,238 units (YoY)
-July global passenger vehicles down 24% at 38,154 units (YoY)

CCI on DLF 
-DLF to cease imposing unfair terms on buyers in Gurgaon
-DLF fined Rs 630 crore by CCI for abusing dominant position

Man Industries promoters exploring possibility of amicable settlement
-More clarity on possible settlement in 1-2 weeks
-JC Mansukhani had moved CLB Mumbai on suspension by company

State Bank of Bikaner and Jaipur ups base rate by 50 bps to 10.25%
-State Bank of Bikaner and Jaipur ups BPLR by 25 bps to 15%

Other stocks and sectors that are in news today:-Listing of Indiabulls Wholesale Services pursuant to scheme of arrangement w.e.f August 18 
-Oil marketing companies rule out cut in petrol price for now (ET)
-Govt allows Reliance Life Insurance to sell 26% stake to Japan based Nippon Life insurance but asks IRDA to frame a common policy before approving the deal (ET)
- Emami set to complete its Rs 1000 crore acquisition in three months also in final stages of talks with companies in India & abroad including personal care business of Paras Healthcare for acquisition (ET)
- SRS Ltd IPO of 3.5 crore equity shares with a price band of Rs 58-65/sh opens on August 23 
- Mahindra Satyam bags a contract from IRDA for an integrated surveyor licensing management system for around Rs 40 crore (FE)
-Jaypee Cement & Shree Cement are among 10 cement companies likely to be probed for suspect cartelization (BL)
- HPCL exploring overseas acquisitions & plans to invest Rs 3000 crore towards exploration & production efforts through Prize petroleum co (Mint)
- Jubilant Lifesciences signs a long term supply agreement in proprietary products business with an International life sciences co valued at over USD 80 million for three years
-Ex Dividend: L&T Rs 14.5/sh, GAIL Rs 5.5/sh, BASF India Rs 8/sh, JBF Ind Rs 8/sh
-F&O ban: Deccan Chronicle, Gitanjali Gems, KS Oils, Suzlon
-Ex Stock split: PI Industries from Rs 10/sh to Rs 5/sh
- Nissan Copper board to consider reverse stock split of shares
- Winsome Yarns to consider allotment of 1.2 crore equity shares of Rs 10 on conversion of warrants
-Exclusion in F&O Contract: Nagarjuna fertilizers w.e.f August 26

16th August, 2011 Closing Market Updates

16th August, 2011 Closing Market Updates 15:38

The markets traded volatile today and closed with moderate losses. The Sensex closed at 16765 (provisional), down 75 points from its previous close, and the Nifty closed at 5061 (provisional), down 12 points. The CNX Midcap index was down 1.8% and the BSE Smallcap index also lost 2.2%. The market breadth was negative with advances at 341 against declines of 1105 on the NSE.  
In Nifty50 stocks, TCS was the top gainer by 3.15% and closed at 977. JPASSOCIAT was the top loser by -.66% and closed at 57.25.

Major Global Indices :

Hang Seng : -48.02

Nikkei : +21.02

FTSE : -43.89

CAC : -50.71

DAX : -145.84

Dow Futures : -84.00

Nasdaq Futures : -22.25

16th August, 2011 Morning Market Updates

16th August, 2011 Morning Market Updates 8:40

Stock in news

EGoM 
-Clears 5 lakh tonnes of additional sugar exports
-Minimum export price of non-basmati rice reduced to USD 650/tonne

SBI says
-Net interest income at all time high
-CASA ratio at 47.89% 
-Hike in base rate expected to further improve margins
-Govt to put in substantial money for rights issue
-Would not prefer to go for FPO or QIP
-Expect NIMs of above 3.5% for FY12
-Exposure to Air India at Rs 1,100 crore
-Exposure to GTL at Rs 260 crore
-Expect FY12 deposit growth at 20-21%
-Expect FY12 credit growth at 16-18%
-Expect net profit of Rs 2,500 crore in Q2
-Expect operating profit of Rs 7,000 cr in Q2
-Expect provisioning of Rs 2,500 crore in Q2
-Expect govt to infuse Rs 5,000-9,000 crore capital

Tech Mahindra says
-Discretionary spend in western markets continues to be low
-Believe long-term demand intact'
-Have maintained steady growth this quarter
-Added 4,517 employees in Q1 
-Debt as on June 30 at Rs 1,282 crore
-Cash and cash equivalent at Rs 194 crore as on June 30

Ratan Tata on Tata Motor says
-Have started selling Nano in Sri Lanka, Nepal
-Targeting Indonesia & other Southeast Asian countries
-Car prices up due to inflation in steel, rubber prices

RBI Governor, D Subbarao Says-Low US rates to have implications for India
-Dealing with complex mix of supply shocks, demand
-Need to sacrifice some growth to tame inflation
-Need to lower inflation expectations
-Too early to say if RBI will change policy stance

RC Bhargava Maruti Suzuki says
-Rising fuel cost will lead to demand for small cars
-Q2 sales will be better than Q1
-Not going to launch car priced at Rs 1 lakh; no new Maruti 800
-New plant to have maximum capacity of 1 million units
-Production
cut on all models, except Swift & Swift Dzire

Other stocks and sectors that are in news today:-IPO Corner: Brooks Laboratories IPO with a price band of Rs 90-100/sh opens today
-Board members of SKS Microfinance want Vikram Akula to step down as Executive chairman (ET)
-Lavasa Corp agrees to accept all the five preconditions specified by environment ministry (BS)
-GoM meeting on coal likely to be held on August 24 to resolve issues hurting the production of the fossil fuel in the country (Mint)
- ONGC has cut the size of its FPO by 15-20% expecting to raise about Rs 9000-10000 cr only (TOI)
- Indiabulls Power plans to foray into renewable energy to diversify its portfolio with an investment of Rs 300 cr in wind power projects (ET)
-Telecom Ministry asks Bharti Airtel to give at least 20% dividend to public sector TCIL which holds 30% in Bharti Hexacom (ET)
- MOIL is seeking a hike in duty on import of ore to counter cheap imports creating oversupply situation (DNA)
-UIDAI has shortlisted TCS , Wipro , HCL Infosystems , Tech Mahindra and Mahindra Satyam for contract worth Rs 2000 cr – FE 
-Haryana govt rejects Maruti second union
- Dr Reddy's Labs recalls fresh lot of Cholestrol drug in US 
-GMR Looking at EM's for Airport Biz 
- Reliance Comm Increases call tariff by 20% - BS 
- Dabur promoters in talks with Syndicate Bank to sell the 35% stake held by him in Aviva Life Insurance – FE 
- Neyveli Lignite FPO likely this year – BL
-Ex Stock Split: VA Tech Wabag Stock split From Rs 5/sh to Rs 2/sh
-Stock Split: Nelcast from Rs 10/sh to Rs 2/sh w.e.f Sep 6 
- Nagarjuna Fertilizers trading to be suspended w.e.f August 29 due to scheme of arrangement & amalgamation
-F&O Ban: Deccan Chronicle, Gitanjali Gems, KS Oils, Suzlon

12th August,2011 Closing Market Updates

12th August,2011 Closing Market Updates 15:40

The markets closed extremely weak today and all sectoral indices closed in the red. The Sensex closed at 16818 (provisional), down 241 points from its previous close, and the Nifty closed at 5073 (provisional), down 65 points. The CNX Midcap index was down 0.5% and theBSE Smallcap index also lost 0.5%. The market breadth was negative with advances at 508 against declines of 793 on the NSE. 

In Nifty50 stocks, JINDALSTEL was the top gainer by 2.82% and closed at 525.80. TATANOTORS was the top loser by 6.31% and closed at 795.45.

Major Global Indices :

Hang Seng : +24.87

Nikkei : -18.22

FTSE : +93.51

CAC : +72.48

DAX : +153.32

Dow Futures : +31.00

Nasdaq Futures : +5.25

12th August,2011 Morning Market Updates

12th August,2011 Morning Market Updates 8:45
Stock in news

Listing today: L&T Finance Holdings (Issue price Rs 52/share)

Results Today: Coal India, Tata Steel, Unitech, HDIL, Punj Lloyd, Hindalco, BPCL, HPCL, Jaiprakash Associates, Tech Mahindra, Pipavav Shipyard, Gitanjali Gems, India Cements, Bharti Shipyard, Simbhaoli Sugars, Bajaj Hindusthan, Reliance Mediaworks, Fortis Healthcare, DB Realty, ITI, EIH Hotels, Nesco, Reliance Broadcast Network, Max India, Indiabulls Securities, Cox & Kings, BF Utilities, Elder Pharma, Gammon India, REI Agro, Nitco, Indo Asian Fusegear, Gujarat Flourochemicals, Hindustan Dorr, HMT, Kinetic Motor, Natco Pharma, Kanoria Chemicals, Sabero Organics, Saregama, Piramal glass, Venky's India, BAG films, JSL Stainless, Jai Balaji, Hathway Cables, Jaypee Infra, Jindal Saw, Century Textiles, Automotive Stampings, Jindal Polyfilms, Nitesh Estates, Videocon Industries, A2Z Maintenance, Patel Engineering, UTV Software, Plethico Pharma, Unity Infra, McNally Bharat, Ramky Infra, Sterling Biotech, Jyothy Labs

Tata Motors says - Consolidated operating margin at 13.3% versus 14.6% (YoY)
- Interest rates hit Q1 commercial vehicles sales 
- Raised truck, bus prices by 2.5% in Q1
- Raised car, utility vehicles prices by 2% in Q1

IPO Corner: Tree House Education & Accessories
QIBs: 0.50 times
NIIs: 0.09 times
RIIs: 1.12 times
Overall: 0.68 times

ICICI Bank -Hikes base rate by 50 bps to 10% effective August 13
-Hikes BPLR by 50 bps effective August 13

SBI 
-Hikes base rate by 50 bps to 10% effective August 13
-Hikes BPLR by 50 bps to 14.75% effective August 13

Other stocks and sectors that are in news today:-GMR Energy acquires 30% stake in Indonesian Co Golden Energy mines for around USD 450-550 million
-EGOM set to meet today on allowing more exports of sugar - SCI to hive off offshore business into subsidiary as domestic industry is facing pressure due to volatile markets (ET)
- Parsvnath board approves fund raising of upto Rs 2000 crore through QIP (Current Market Cap Rs 1860 crore) 
- Tata Motors  and Ashok Leyland to collaborate with Petronet LNG to introduce the use of LNG for vehicles being a cheaper alternative to existing fuel (BS)
-Adani Gas subsidiary of Adani Enterprises to pick up 20% equity in Green Gas a JV between GAIL and IOC (BS)
- Reliance Communications may seal USD 1.5 billion outsourcing deal soon to manage & maintain CDMA, GSM networks (ET)
- Jindal Saw arm in tie up with NTPC for creating & operating infrastructure with a capital investment of around USD 140-170 million (Mint)
- Entegra board has recommended a bonus issue of shares in the ratio of 4:13
- Jindal Polyfilms board to discuss the proposal for buy back of shares
-F&O Ban: Deccan Chronicle , Gitanjali Gems , Suzlon

11th August, 2011 Closing Market Updates

11th August, 2011 Closing Market Updates 15:46

 It was rangebound trade in the markets today and both benchmark indices closed at the lower level of the range. The Sensex closed at 17051 (provisional), down 80 points from its previous close, and the Nifty closed at 5133 (provisional), down 28 points. The CNX Midcap index was down 0.3% and the BSE Smallcapindex also lost 0.3%. The market breadth was negative with advances at 563 against declines of 750 on the NSE. 


In Nifty50 stocks, HDFC was the top gainer by 2.68% and closed at 684. TATAPOWER was the top loser by 4.40% and closed at 1122.

Major Global Indices :

Hang Seng : -188.53

Nikkei : -56.80

FTSE : +16.55

CAC : -12.90

DAX : +44.26

Dow Futures : +43.00

Nasdaq Futures : +12.50

11th August 2011 Morning Market Updates

11th August, 2011 Morning Market Updates  8:50
Stock in news

Results Today: Tata Motors, Reliance Infra, Reliance Power, SCI, JP Power, Shree Renuka Sugars, Polaris Software, Rolta India, S Kumar, Castrol India, Jubilant Foodworks, Amtek Auto, Apollo Tyres, Shriram EPC, Ackruti City, Puravankara Projects, Parsvnath Developers, Moser Baer, Rico Auto, Inox Leisure, Ashoka Buildcon, Valecha Engg, Anant Raj Industries, JHS Svengaard Lab, Sakthi Sugars, Amtek India, Provogue India, MSP Steel & Power, Lumax auto, Loyd Electricals, LML, Clutch Auto, PVP Ventures, Walchandnagar Industries, West Coast Paper Mills, Zuari Industries, TV18 Broadcast, LT Foods, Gammon Infra, Nitin Fire, Crest Animation, Gujarat Gas, First Leasing, Jindal Worldwide, Varun Industries, Texmo Pipes, Vascon Engineers, Fresenuis Kabi, VST Tillers 

Piramal Healthcare to acquire 5.5% stake in Vodafone Essar-To pay USD 640 million for Vodafone Essar stake
-Acquires 5.5% stake from Essar
-Buy 5.5% stake from India Securities (listed – board has proposed delisting)

DoT Secretary says - VSNL 's surplus land to be auctioned
-DoT to appoint consultant for demerging VSNL surplus land
-Consultant to advise on auction modalities
-Surplus land to be first demerged into SPV

Other stocks and sectors that are in news today:-Listing of L&T Finance holdings as on August 12
- Nitin Fire to have board meeting to consider & issue bonus shares
-F&O Ban: Deccan Chronicle , Gitanjali Gems , Suzlon 
- Unity Infraprojects bags projects worth Rs 253 crore
-Leela group set to sell its property in Kovalam near Kerala for Rs 500 crore to NRI Ravi Pillai (ET)
-EGoM meet on August 12 to decide on allowing more sugar exports & lifting ban on wheat exports (FE)
- Neyveli Lignite is seen eyeing three of the NTPC’s coal block in Jharkhand even as power ministry has asked for a review of coal ministry’s decision to de-allocate these blocks (TOI)

10th August, 2011 Closing Market Updates

10th August, 2011 Closing Market Updates 15:40

Nifty Outlook
Nifty opened on a negative note and broke the mentioned support of 5116 and further continued its southbound journey and achieved our first mentioned target of 5000 and further made a low of 4946, which was 23 points away from our second mentioned target of 4923.On the hourly chart, oscillators are in oversold region as well as Nifty had formed Higher Bottom. Going forward in the intraday, Nifty has resistance in the range of 5150-5185, where 5150 is the lower band of the Bollinger and 5185 is the resistance of the falling Trendline which is there on the hourly chart. Thus if Nifty starts trading above the mentioned resistance range, then we can witness some
bounce back in the markets.However, we still believe that the near term trend is still bearish as depicted by Nifty closing below the lower band of the Bollinger placed on weekly chart. Besides this, Nifty continue to form Lower top and Lower bottom on the daily chart and trading below the short term averages.In the Near term, we still maintain our second downside target of 4923 and bounce back should be used as an exit opportunity from the long positions.Medium term Nifty has resistance at 5230/5323 where 5230 is the lower band and 5323 is the upper band of the GAP present on the daily chart.

In Nifty50 stocks, TATAMOTORS was the top gainer by 6.04% and closed at 842.05. GRASIM was the top loser by 2.53% and closed at 2100.

Major Global Indices :

Hang Seng : +452.97

Nikkei : +94.26

FTSE : +33.34

CAC : +13.56

DAX : +113.96

Dow Futures : -52.00

Nasdaq Futures : -1.50

10th August, 2011 Morning Market Updates

10th August, 2011 Morning Market Updates 8:35


Stock in news
Results today: Adani Enterprises, NHPC, GSK Pharma, Tata Global Beverages, Tata Power, REC, Kingfisher Airlines, ABG Shipyard, MTNL, Bharat Forge, Apollo Hospitals, VIP Industries, GATI, Hanung Toys, Everonn Education, Hotel Leela Venture, Autoline Industries, Lovable Lingerie, Astec Lifesciences, Nelco, Xpro India, IL&FS Engineering, Jayshree Tea, Jubilant Industries, Zodiac Clothing, Gokul Refoils  Zylog Systems, Koutons Retail, Man Infra, Ruchi Soya, Kohinoor Foods, Shrenuj & Co, Advanta India, Tanla Solutions, Gujarat Siddhee Cements, Crew BOS, Ind-Swift Labs, Eveready Industries, Fame India, Financial Technologies, Bartronics India, Uttam Sugar Mills, Paramount Print Packaging, Nahar Spinning, Page Industries, Oudh Sugar Mills, Innoventive Industries, Sanghvi Forgings, Eros International, BS Transcomm

Wockhardt says -Hope to complete sale of nutrition operations by March
-Not planning any further disinvestment

Pawan Munjal says (Hero MotorCorp)-Launched a new 150 cc bike, Impulse
-Will set up 2 new manufacturing plants in India
-Will enter some African markets jointly with Honda
-Will announce tech tie-up with European firms shortly
-2-wheeler market in India still has huge potential
-Hero MotoCorp plans to invest USD 1 billion over the next five years to generate a turnover of USD 10 billion (ET)

GMR Infra Q1-Consolidated net loss at Rs 66.7 crore versus profit of Rs 28 crore
-Consolidated net sales at Rs 1,864 crore versus Rs 1,231 crore

Other stocks and sectors that are in news today:
-Tree House Education & Accessories IPO of 84 lakh shares with a price band of Rs 135-153/sh opens today
-Mahindra Satyam plans to wind down its American depository share programme in 2012 on the back of inability to file the annual report post September 2008
-Telecom Dept shelves plan to sell the govt’s 30% stake in Bharti Hexacom a subsidiary of Bharti Airtel (ET)
-Oil Ministry informs CAG on its disagreement with RIL over the company’s view of how govt approves decision of a panel which governs oil & gas fields (ET)
-NMDC to double its ore output from its Karnataka mines to meet local demand after the company gets a nod to restart operations in southern state (ET)
-Prajay Engineers Syndicate ropes in Middle East Investors to invest Rs 154 crore in its current project 
-Reliance Power plans to set up a 200 mw wind power plant in Maharashtra with an investment of around Rs 1500 crore (DNA)
-RIL raises USD 1 billion loan from the international market & also in talks with US Exim bank to part fund its USD 12 billion Jamnagar phase 3 expansion project (TOI)
-DLF set to exiting both phases of SEZ Pune a JV with Ackruti city to raise liquidity by selling its non-core assets (HT)
-Ex Dividend: BHEL Rs 17.90/share
-F&O Ban: Deccan Chronicle, Gitanjali Gems, Suzlon