Saturday, February 6, 2010
Just In ...
• Govt tightens sugar stock holding limit
• Goldman CEO, co-execs, get $9 mln each in stock bonuses
• CORRECTED - Govt tightens sugar stock holding limit
• Europe debt woes leap to top of G7 agenda
• PM calls for export ban on essential items
• Ill. gov might want to run from his running mate
• Market strength tempts India back into M&A fray
• Japan tells G7 Tokyo focusing on China
• Mid-Atlantic shuts down ahead of huge snow warning
HOLD INDIAINDO for target, Hold for NEXT WEEK
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Sector Avoid: Metal, Auto, Realty, Commodities & Banking,
NSE &Sensex opens
strong on
special trading session
Pre Market Commentary ...
Today,brace for a gap-down opening as world markets are in a tizzy amid escalating concerns over the mounting debt problems in a few European nations. Whether the market manages to rebound remains to be seen as FIIs don’t seem to be in a mood to reverse their selling binge, at least for now.
Yesterday only we had warned against getting carried away with Wednesday’s rally. Unfortunately for the bulls, that prediction turned out to be a prophetic one. For those who heeded our advice though might have done better than most. Risk aversion has risen of late amid a spate of fresh worries from China’s tightening, to new restrictions for US banks to sovereign debt concerns in Europe.
For India, the big concern remains in the form of inflation and its ramifications on the stimulus-fueled recovery. The big event for India will be the Union Budget. Expectations are already building up. The Finance Minister has its task cut out with a yawning fiscal deficit staring him in the face. The 3G auction fiasco coupled with the lukewarm response to the NTPC FPO are only adding to his troubles. Some key support levels could melt amid the world-wide crash. Nifty futures trading in Singapore are down over 2% as of now. The Nifty could find support at 4740-4750. If there is no improvement in Asian markets, it could even fall below 4700. If the market rebounds, which could be either today or next week, the Nifty is likely to meet resistance at around 4900.
Hindustan Zinc cut zinc prices by Rs9,600 a tonne. (DNA)
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Friday, February 5, 2010
BTST : IndiaInfo at 111 target 120 plus
BUY TODAY SELL TOMMOROW
BTST : IndiaInfo at 111
TARGET 120 PLUS
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Special LIVE TRADING session on Saturday, February 06, 2010
The Exchange is upgrading the capacity of capital market trading system by
implementation of horizontally scalable architecture. Existing Trading system
architecture will be revamped by using a distributed processing concept. Towards
this, the Exchange is conducting a special live trading session on Saturday,
February 06, 2010.
Market Timings for special live trading session on Saturday, February 06, 2010 will
be as follows:
Normal / RDM / Odd Lot Market Open : 11:00 hours
Normal / RDM / Odd Lot Market Close : 12:30 hours
Block deal session open : 11:00 hours
Block deal session close : 11:35 hours
Closing Session start : 12:50 hours
Closing Session end : 13:00 hours
MARKET :BSE Sensex touches 3-month low; global concerns weigh
&all fell down;
BSE Sensex touches 3-month low;
global concerns weigh
The International Monetary Fund Forecast :
The International Monetary Fund has forecast India's economy to grow at 6.75% in 2009/10 and 8% in 2011/12 on the back of an expected pick-up in private consumption and investment.
It forecast wholesale price inflation of 8.1% at the end of the 2009/10 year in March, and expected it to ease to 5.5% the following year.
"Private consumption would benefit from better employment prospects and less uncertainty, and investment would be boosted by robust corporate profits, rising business confidence, and favourable financing conditions," the IMF's executive board said in a statement on Thursday.
FIIs were net sellers in the cash segment on Thursday at Rs1.55bn on a provisional basis while the local funds were net buyers of Rs2.41bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers to the tune of Rs1.57bn. As per SEBI figures, the FIIs were net buyers of Rs4.86bn in the cash segment on Wednesday. Mutual Funds were net buyers of just Rs62mn in the cash segment on the same day.
Market Commentary ..
Brace for a gap-down opening as world markets are in a tizzy amid escalating concerns over the mounting debt problems in a few European nations. Whether the market manages to rebound remains to be seen as FIIs don’t seem to be in a mood to reverse their selling binge, at least for now.
Yesterday only we had warned against getting carried away with Wednesday’s rally. For those who heeded our advice though might have done better than most. Risk aversion has risen of late amid a spate of fresh worries from China’s tightening, to new restrictions for US banks to sovereign debt concerns in Europe.
For India, the big concern remains in the form of inflation and its ramifications on the stimulus-fueled recovery.
The big event for India will be the Union Budget. Expectations are already building up. The Finance Minister has its task cut out with a yawning fiscal deficit staring him in the face. The 3G auction fiasco coupled with the lukewarm response to the NTPC FPO are only adding to his troubles.
Indian News Papers ...
± L&T, EADS in talks to revive defence joint venture. (ET)
± M&M initiates talks with UK-based Triumph Motorcycles and Moto Guzzi, Italy to roll out premium bikes for the Indian market. (ET)
± GTL plans to raise Rs14bn through non-convertible debentures to invest in green energy products and solutions for telecom infrastructure. (ET)
± Reliance Capital Partners buys 3.4% stake in Fame India. (BS)
± ACC net up 42% at Rs15.64bn as against Rs11bn in the year-ago period. (ET)
± Ambuja Cements records a 12% fall in yearly consolidated net profit at Rs12.16bn as against Rs13.89bn. (ET)
± Essar Oil plans to increase its number of petrol pumps to 2,000 in the next few months from 1,450 currently. (ET)
± Dalmia Cement hikes its stake in OCL India from 21.7% to 45.4%. (BS)
Thursday, February 4, 2010
Mangalam Cement to set up 5 wind mills investing Rs44cr
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Kiri Dyes has acquired DyStar Group through its SPV Kiri Holding Singapore Pvt. Ltd.
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European markets update: FTSE and CAC Index are trading flat. DAX Index up 0.2%
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Sector Watch: Cement & Fertilizers
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Market Idea ..
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TV18
PATEL SAI
FIIs were net buyers in the cash segment on Wednesday at Rs3.96bn on a provisional basis while the local funds were net buyers of Rs4.6mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers to the tune of Rs29.54bn. As per SEBI figures, the FIIs were net buyers of only Rs109mn in the cash segment on Tuesday. Mutual Funds were net sellers of Rs2.47bn in the cash segment on the same day.
Educomp Solution has acquired US based Zaptive Internet Services for US$1.3mn. (ET)
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SAIL has hiked flat product prices by Rs500/ton effective from February 1st 2010. (ET)
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L&T has bagged orders worth Rs11bn. (ET)
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Market Commentary ..
Hopefully, the bulls will have learnt from past experience and will not go overboard with any sudden spurt. After a strong rally, we expect a subdued start as global markets have not extended this weeks spurt. However, the trading range could shift to 4900-5000 for the Nifty. A fall back to 4800 is not ruled out though and resistance is likely to kick in upwards of 5000. FII flows should turn positive, Budget should not disappoint and global situation must improve for a sustainable and meaningful advance above 5000.
Stocks in the budget-sensitive sectors could see action in the run-up to the big event. So, sectors like railways, power, infra, education, healthcare, fertilizers and textiles could hog the limelight. PSU oil marketing companies will gain in the wake of the reformist recommendations of the Kirit Parikh panel. The big question is will the Government bite the bullet on oil sector deregulation? The Government will also be hard pressed to return to the path of fiscal consolidation given the postponement of the 3G auction and expected shortfall in disinvestment proceeds.
Rising inflation and its fallout on the monetary policy could act as a dampener going ahead. Uncertainty over external factors like overheating in China, debt troubles in EU and fragile recovery in parts of industrialised world will continue to undermine sentiment.
Talking of global markets, private sector payrolls for January were down 22,000 in the US, the fewest since January 2008. Wall Street is now girding for Friday's employment report. There is a growing belief that job losses in the US economy are moderating.
As far Europe is concerned, Greece is not the only eurozone nation with debt problems, Spain and Portugal seem to be catching up fast. Outside the currency block, there could also be potential debt troubles in the UK and Japan.
Wednesday, February 3, 2010
Indian News Papers ..
India is unlikely to achieve the desired target of annual steel production capacity of 124 million tonne by 2011-12 due to slow progress in big expansion projects of different companies. (ET)
India’s coffee exports rose to to 15,103 tonnes in January, up by 65 per cent from the same last year. (ET)
Government plans to raise the cap on FDI by any single investor (currently 5%) in India’s stock and commodity exchanges .However, the overall cap on FDI for these bourses would remain 49%. (FE)
India and Germany talked about boosting their trade and security cooperation in combating global terrorism. (FE)
The MSME ministry has asked the finance minister Pranab Mukherjee to increase the lending priority and tax audit for micro enterprises. (FE)
The government said it will divest up to 15% stake in state-run Coal India Ltd in next six months. (FE)
FIIs were net sellers in the cash segment on Tuesday at Rs4.55bn on a provisional basis while the local funds were net buyers of Rs419.3mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs3.97bn. As per SEBI figures, the FIIs were net sellers of Rs488mn in the cash segment on Monday. Mutual Funds were net buyers of Rs325mn in the cash segment on the same day.
Pre Market Commentary ,,,
Today, we expect a higher opening, buoyed by firm global markets. The Nifty will remain choppy and rangebound broadly between 4800-4900. Support is expected at 4770-4780 while resistance is likely to kick in at 4950-5000. There is a chance that the Nifty could go as low as 4600, especially if global cues deteriorate further. So, trade cautiously and invest carefully. Or stay on sidelines till the near-term uncertainty subsides.
NTPC FPO opens today while Infinite Computers will make its debut.Could we see history getting repeated today on the bourses? Will the market erase gains once again after an initial spurt? Well, many might be asking these questions as the market has turned topsy turvy of late. The market suddenly slipped on Tuesday after a higher start amid persistent selling by FIIs. Even the local funds, which have been countering the sudden reversal in FII flows, were rather circumspect. Broadly, the market remains in a consolidation mode without a clear bias. Volatility is here to stay, at least in the near term, amid external concerns and anxiety over the upcoming Budget.
Tuesday, February 2, 2010
The NTPC FPO opens today while Infinite Computers will make its debut.
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सेन्सेक्स (16163.44) -192.59 अंक गिरकर, नीफ़्टी (4830.10) -69.60 अंक गिरकर, बंद..
BSE/NSE all sectoral indices ended in the red; the Realty and Bank indices slipped the most - down 2.5% and 2%, respectively. Metal, Auto, Power, Capital Goods and Oil & Gas indices fell 1.5-1.7%.
Cadila : Our delivery call target achived at 725 HOLD for next targer
Cadila :
Our delivery call
target achived
at 725
HOLD for
next targer
Economics News of INDIA
RBI said it was unlikely to change its policy in between quarterly reviews unless there was an unanticipated event. (BS)
RBI hints at curbs on capital inflows to avoid stark economic imbalances. (ET)
On the back of rising crude oil prices, India’s imports turned positive after 11 months in December 2009 when it increased by 27.3% while exports grew for the second consecutive month by 9.3%. (BS)
The World Bank said that India is likely to grow at 7.5% in the next fiscal, while for the current fiscal its estimate is a modest 6%. (ET)
The government said it will consider freeing of petrol and diesel prices after an expert panel chaired by Kirit Parikh gives its views this week. (FE)
Banks want farm targets delinked from infra loans. (BS)
INDIAINFO : Our call trading strong close to first target at 124 HOLD FOR NEXT TARGET
INDIAINFO :
Our call trading strong
close to first target at 124
HOLD FOR NEXT TARGET
GVK Power and Infrastructure has managed to arrange Rs24bn funding for its 540MW Goindwal Sahib power plant in Punjab.
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The country's top three IT services firms - TCS, Infosys and Wipro - are in the race for the Rs 1bn e-migrate project under the ministry of overseas I
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NTPC plans to add 4,150MW in FY11. (BL)
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FIIs were net sellers in the cash segment on Monday at Rs4.94bn on a provisional basis. The local funds were net buyers of Rs1.99bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs7.37bn. As per SEBI figures, the FIIs were net buyers of Rs1.97bn in the cash segment on Friday. Mutual Funds were net buyers of Rs6.36bn in the cash segment on the same day.
Pre Market Commentary ...
Today we expect a healthy start on the back of firm global cues. The key indices may run out of steam if global markets fail to sustain Monday’s rise. The broader market resumed its out-performance of large caps and might extend the same. But, be extremely careful of what you are buying. With some improvement in sentiment, the Nifty may once again target 5000 but will face bumps along the way. Fresh selling is not ruled out at higher levels amid mounting external worries.
The health of the Indian economy seems to be getting better by the day if the latest reports on manufacturing and foreign trade are any indication. Hopefully, the wealth will also follow likewise on the bourses. Auto sales remain on the fast track, underscoring a pick-up in consumer confidence. The only drag is a sub-par credit growth and dwindling tax receipts. Hopefully, they will also start improving in the coming months. That will partly hinge on the Government action or lack of it, if any. Budget should make things amply clear as far as the policy roadmap is concerned. Till then, the market may remain sideways and volatile.
Monday, February 1, 2010
सेन्सेक्स (16356.03) -1.93 अंक गिरक, नीफ़्टी (4899.70) 17.65 अंक चढ्कर, बंद..
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Indian News Papers ...
*FCS is expecting a growth of 100% in revenue and 78% in net profit in quarters. Promoter holding is 66%
*Consolidated revenue from global operation is Rs 9.04 cr for the quarter ended on December 31,2009 as against 4.53 cr in corresponding quartere of the previous year.
*EBITA for 15.86 cr v/s 10.01 cr with 59 % growth.
*PAT for the December 31,2009 ended @ 9.62 cr v/s 5.40 cr with a growth of 78%
*Co is planning to acquire co’s based into UAE and United Kingdom for expansion. It will soon in near future is planning to acquire USA Based co.
*Co has also successfully inaugurated its subsidiary in Middle East, Ras Al Khaimah - Free Trade Zone (RAK) and entered into agreement with MACNES in UAE for promoting and selling its services to their clients.
Technically, 4800 remains a critical level. A sustained close below this could spell trouble for bulls. The Nifty may fall as low as 4600-4650. The up
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Pre Market Commentary ..
Friday’s late spurt may have raised hopes of an encore at least on Monday. But, with most global indices flashing the red signs, looks like the Indian market will turn lower again. We expect a slight dip at start and another choppy session.Wait and watch should be the mantra in the near term to overcome the current phase of uncertainty and volatility. Be extremely choosy while picking up stocks at this juncture.
You have all the time to closely examine each opportunity. We repeat, do proper due diligence lest you have to pay a heavy price later. For the time being, most stocks look neither ready nor steady for a convincing buy.The ongoing consolidation though presents an excellent opportunity to revamp one’s portfolio. Get rid of weak stocks and replace them with potential outperformers..
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