Thursday, February 11, 2010
सेन्सेक्स (16152.59)230.42 अंक चढ्कर, नीफ़्टी (4826.85)69.65 अंक चढ्कर, बंद..
RIL : NO JAI NO VIRU... only dhiru.. our call on move HIGH 1016 4%UP
Buy and Hold Aban Offshore at 1180-1185 with Sl of Rs1170 for target of Rs1210, 1220
HCC receives three large NHAI contracts
Todays Board Meetings
| Company | Date |
| » Arihant Super. | 2/11/2010 |
| » Emtex Inds(I) | 2/11/2010 |
| » Fact Enterprise | 2/11/2010 |
| » Fag Bearings | 2/11/2010 |
| » Lesha Energy | 2/11/2010 |
| » Patni Computer | 2/11/2010 |
| » Prabhav Ind | 2/11/2010 |
| » Sh. Vindhya Pap. | 2/11/2010 |
| » TVS Srichakra | 2/11/2010 |
| » Visagar Polytex | 2/11/2010 |
Aptech's equity shareholders to approve scheme....
Market up on +ve Nov IIP data
Our call on
Reliance Industries (up 1.5%),
IDFC, Tata Power,
L&T, M&M,
Tata Motors and
BPCL
Delivery Call : Buy and Hold SAIL, TARGET 400 & 500 Two Years...
Delivery Call :
Buy and Hold SAIL,
TARGET 400 & 500 Two Years...
Global cues:
Asian markets were trading higher on hopes of Greece bailout. Hang Seng and Kospi were up 1.3% each. Straits Times and Straits Times went up 0.5% each. Shanghai was up 0.25%. Japanese and Taiwanese markets shut today.
Balrampur Chini, Bajaj Hindusthan, Rana Sugars and Dhampur Sugar rallied 3-5%.
Fortis Healthcare rose 2%, the company is going to raise Rs 1250 crore.
Market bounces back on hopes of Greece bailout
Buy Grasim TARGET 2900
The stock has been in strong uptrend after correcting from the peak of Rs2900 it touched during the month of December. The strong up moves has been backed by sharp surge in volumes. The momentum indicator like RSI and MACD are exhibiting positive divergence. The stock has managed to hold the key support levels on a closing basis despite the widespread volatility. We believe the cross above its critical resistance zone Rs2,710 on a closing basis may see rally extending to Rs2,900 and above. We recommend traders to buy the stock at current levels for a 2-3 weeks target of 2800 & 2900 with a strict stop loss placed at Rs2,640
Buy Grasim around Rs2,700,
Target 2800 & 2900
Intraday Call .. NIFTY AT 4800, revised sl cost to cost, next target 4820, 4835++
KFA : hold Trading strong ..
hold for 56 plus
on the back of right issue plan.
HOLD: PATELSAI- will touch 195 and 204 plus in 4days
[ hold ]
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INDIAINFO : Our delivery call trading at 117.50 HOLD TO 124
HOLD FOR NEXT TARGET
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Indian News Paper ..
SAIL divestment plan to be presented to cabinet in 10 days. (ET)
Hindalco to raise Rs49bn via debt. (BS)
The dispute between Netherlands based Brakel Corporation and Reliance Infra for twin Hydro projects in Himachal Pradesh has reached the Supreme Court. (ET)
ONGC not to set up arm for Assam operations. (BL)
RIL plans to shift registered office to Jamnagar. (ET)
Government plans private placement of BSNL shares. (BS)
Telenor buys additional 7% stake in Unitech Wireless for more than Rs20bn. (ET)
Shree Cement is setting up a grinding unit at Roorkee and Suratgarh for an investment of Rs3.5bn. (ET)
IDBI hikes FD rates by 50bps. (ET)
Ranbaxy to market Daiichi products in Mexico. (ET)
Kingfisher Airlines plans to raise Rs4bn via 1:1 rights issue. (ET)
Tata Tea to enter mass packaged mineral water market. (BL)
Fortis to raise Rs12.5bn by issuing shares in domestic and international market. (ET)
FIIs were net sellers in the cash segment on Wednesday at Rs2.08bn on a provisional basis while the local funds were net buyers of Rs4.59bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs10.41bn. On Tuesday, FIIs were net sellers of Rs3.95bn in the cash segment, while Mutual Funds were net buyers at Rs2.59bn, according to SEBI web site.
Wednesday, February 10, 2010
Hold Unitech (Rs 72) with a stop loss around Rs 50 if looking at long term.
Market today extremely volatile; SBI, ONGC, NTPC, L&T, SAIL, slip
Indian News Papers ..
Adani Power plans to set up a 1,320MW coal-based thermal power plant in Madhya Pradesh. (BL)
Adani Power has decided to scrap one of its long-term power supply pacts with the apex power utility GUVNL, thus attracting a penalty of Rs1bn. (ET)
Court ruling allows Cipla to market generic cancer drug. (BL)
PFC may hive off its renewable energy business and consortium lending in early 2010-11 to leverage the current investment boom in green energy projects and diversify its asset base. (BS)
NIIT Technologies will launch its bundled cloud computing offerings from the first quarter of the next financial year. (BL)
GMDC is embarking on a line-up of projects involving investments of Rs40bn. (BL)
Reliance Capital Partners, an ADAG company, upped the ante against Fame India by raising its stake in the latter to 7.89% from 6.25% and also threatened regulatory action against the theatre chain. (BS)
Titan Industries plans to take the Titan brand to more countries in the Asian region over the next few years. (BL)
Bank of India has cancelled its US$500mn dollar denominated bond sale, citing volatility in credit markets. (ET)
Pre Market Ideas ...
for target of 294 & 300
plus
Buy RIL at 1000
target 1040 plus
www.northpole77.com
FIIs were net sellers in the cash segment on Tuesday at Rs5.25bn on a provisional basis while the local funds were net buyers of Rs3.99bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs10.20bn. On Monday, FIIs were net sellers of Rs8.06bn in the cash segment, while Mutual Funds were net buyers at Rs371mn, according to SEBI web site.
Pre Market Commentary ...
Today,we expect a positive start for Indian stocks on healthy global cues. But, don’t take undue risks, as the near-term outlook remains cloudy. A big worry is the continuous selling by FIIs, though local funds remain bullish. Budget could prove to be an important catalyst apart from of course the global events.
For now though, risk appetite seems to be back, at least temporarily. The dollar index slid below 80 and the euro had its biggest gain against the greenback in two months. Gold and crude oil also advanced. The Dow Jones had its biggest gain since Jan. 4. Stocks in Europe, however, missed out on much of the Greek-related rally. Asian markets are mostly higher.
Technically, the Nifty has short-term support at 4700 while resistance is likely at around 4900. It has to decisively surpass 4950 if it is to reclaim the coveted 5000 level. The Nifty has a strong support at 200 DMA i.e. 4640 in case of another major selloff. Meanwhile, Federal Reserve chairman Ben S. Bernanke is expected to release testimony on his vision for easing the US away from its current ultra-loose monetary policy. And while Bernanke may talk a lot about exit, he is going to make it clear that the central bank is also not in a hurry to take away the punching ball.
Tuesday, February 9, 2010
FIIs were net sellers in the cash segment on Monday at Rs9.35bn on a provisional basis while the local funds were net buyers of Rs3.81bn, 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 Rs4.05bn. As per SEBI figures, the FIIs were net sellers of Rs16.29bn in the cash segment on Friday.
Corporate Snippets
BHEL has secured Rs10bn contract from Punatsangchhu Hydroelectric Project Authority. (FE)
GMR Infrastructure plans to raise over Rs15bn via private equity route. (ET)
Mahindra & Mahindra and the UK’s BAE Systems to inject US$21.25mn over a three-year period into their joint venture company, Defence Land Systems India. (BS)
Pantaloon Retail plans to spin off at least five of its brands and merge them with Capital Foods. (ET)
Nagarjuna Construction secured five orders aggregating Rs5.8bn. (BL)
Jet Airways plans to raise US$200mn in the coming 3-4 weeks via QIP route. (FE)
Areva T&D India bagged two projects worth Rs2.8bn from Power Grid Corporation of India for installation of sub-stations in Punjab and Haryana. (BL)
Pre Market Commentary ..
Today we expect a flat opening due to indecisive global cues. The Dow Jones has closed below 10,000. Stocks in Europe finished higher. Asia is pretty much mixed.
We now have statistical evidence to substantiate that the green shoots in India have blossomed further. Apart from the subdued credit growth and tepid tax receipts (partly owing to fiscal stimulus) most other economic indicators have improved substantially.
The ball is now in the Finance Minister’s court. In that context, Feb. 26 will be a crucial day. Pranab Mukherjee is likely to take a calibrated approach to unwinding the fiscal stimulus. He has his task cut out on the fiscal front. So, we expect him to articulate strategy to return to the path of fiscal prudence. Any deviation from this will be disappointing.
Derivative indicators are pointing to further weakness. Technically, 4700 could give near-term support to the Nifty while resistance might kick in at 4800. The 200 DMA of 4640 will continue to be a crucial level to watch.
Monday, February 8, 2010
FMCG : On Move DABUR upby 3%
Sector Watch :Shipping ,Hotel & IT Stocks
Due to Strong Dollar
Expect Fire work in
Shipping ,Hotel & IT Stocks
Corporate Snippets ...
± HUL may hike prices by mid-year. (TOI)
± Shree Renuka plans to put in final bid for Brazil’s Equipav SA Acucar E Alcool. (ET)
± McNally Bharat bags Rs 57-cr orders from Hindalco. (BS)
± Istithmar PJSC, Dubai sold entire 13.05% stake in SpiceJet. Reliance Mutual, Birla Mutual and DSP BlackRock — and a FII together bought the offloaded stake. (BS)
± TPG looks to acquire a majority stake in Vishal Retail for Rs2.5bn. (BS)
± Dishman Pharma receives USFDA nod for producing Active Pharmaceutical Ingredients (API) at its Naroda facility. (BS)
± ICICI Prudential investment arm set to buy 40% in residential project of the Ansal API group in Ghaziabad. (BS)
± BPCL plans to convert 60 ‘In&Out’ outlets into profit making ventures such as food courts and coffee shops by the next fiscal. (ET)
± Inox Leisure purchased an additional 7.21% stake in Fame India through a block deal for Rs127.7mn. (ET)
± Kingfisher Airlines hires Seabury Aviation & Aerospace, US to advise on its restructure plans. (BS)
± Reliance Media objects to Inox’s Fame acquisition at Rs 44 a share. (ET)
± Electrotherm India is looking at exporting its Yobykes to developed countries like the US and in Europe. (BS)
± Graphite India has lined up investments of Rs4bn over the next one year for capacity expansions and setting up a thermal power plant in Durgapur, West Bengal. (DNA)
± Eveready mulls Rs1.5bn acquisition of a FMCG firm. (FE)
Today Listing: Jubilant FoodWorks Ltd.
Today Listing: Jubilant FoodWorks Ltd.
BSE Code: 533155 (F.V. : Rs. 10/-)
GTL plans to raise Rs14bn through non-convertible debentures to invest in green energy products and solutions for telecom infrastructure. (ET)
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.
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