SEBI asked 14 Insurance Company not to sell ULIPS....

Sebi has come out with the verdict on Insurance company selling ULIPS and it has banned the following insurance company for doing the same . It has been noticed that the following entities have launched several Unit Linked Insurance Products (ULIPs) :-

14 Insurance Company AND THEY ARE:

a. Aegon Religare Life Insurance Company Limited

b. Aviva Life Insurance Company India Limited

c. Bajaj Allianz Life Insurance Company Limited

d. Bharti AXA Life Insurance Company Limited

e. Birla Sun Life Insurance Company Limited

f. HDFC Standard Life Insurance Company Limited

g. ICICI Prudential Life Insurance Company Limited

h. ING Vyasa Life Insurance Company Limited

i. Kotak Mahindra Old Mutual Life Insurance Limited

j. Max New York Life Insurance Co. Limited

k. Metlife India Insurance Company Limited

l. Reliance Life Insurance Company Limited

m. SBI Life Insurance Company Limited

n. TATA AIG Life Insurance Company Limited

Since, the ULIPs launched by the abovesaid entities were prima facie found to be akin to the mutual fund schemes and were launched without obtaining registration from the Securities and Exchange Board of India (hereinafter referred to as “SEBI”) under the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “the SEBI Act”) and the regulations made thereunder, notices were issued to these entities on January 15, 2010 (except in case of HDFC Standard Life Insurance Company Limited where the notice was issued on December 14, 2009). SEBI had sought replies from the said entities as to how the ULIPs were launched without obtaining the requisite certificate of registration from SEBI and why appropriate action should not be taken against them under the provisions of the SEBI Act. 

Final Verdict : The 14 Insurance Company is restrain from raising further monies/subscription, new and/or additional, from the investors for any product (including ULIPs) having an investment component in the nature of mutual funds till they obtain registration from SEBI.

सेन्सेक्स (17933.14) 218.74 अंक चढ्कर, नीफ़्टी (5361.75) 57.30 अंक चढ्कर, बंद..

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European markets update: FTSE Index up 0.9%, CAC Index up 0.8% and DAX Index up 0.9%

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DIMOND CABLE : Now trading AT 172

   Our call trading strong

HOLD FOR NEXT TARGET

OUR SMS WAS.........................................

"Delivery Call for 90days

Buy and Hold

DIMOND CABLE

[DIACAM]

At 122-126

Buy on dips

TARGET 144,

164 AND 177 PLUS

Fix DEPOSIT

OF BSE

MUST BUY"

-------------------BANG ON TARGET----AS USUAL-----------

Markets outlook

Today market likely 
to volatile during the Session

Sector Watch: 

I.T., Infra, Power Ancillaries

Stock Avoid :   

Commodities Stocks

New Listing ...down down...25%

Shares of 

Shree Ganesh Jewellery

list on the bourses today.

DOWN ABOUT 25%

Aban Offshore

Aban Offshore announced that a contract has been signed with Brunel Shell Petroleum Sendirian Berhad for the deployment of the jack-up rig Deep Driller 8 offshore Brunei for firm period of 4 years plus four optional periods of 1 year each. The estimated revenues from the firm period of the deployment is about US$159mn (equivalent to Rs7.16bn). The deployment is likely to commence during the third quarter of calendar year 2010.


Shares of Aban Offshore hit a high of Rs1269 post the announcement however ended flat at Rs1246.

FIIs were net buyers in the cash segment on Thursday at Rs622mn on a provisional basis. Local funds were net sellers of Rs936.2mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers of Rs3.02bn. On Wednesday, FIIs were net buyers of Rs4.18bn in the cash segment, as per the SEBI web site.

Pre Market Ideas

BUY  ESSAR SHIP

Pre Market Commentary

Today,it is time to settle down a bit after a day of unexpected weakness. Bulls may bounce back, tracking the overnight advance in the US. Wall Street managed to escape the Greek-related global selloff, as investors welcomed better than anticipated retail sales. Markets across Asia are stable with a few managing to hold in the green territory. We expect a higher start for the Indian market but things could turn choppy later on.


In case of a fresh fall, the NSE Nifty is likely to find support at 5200-5230. On the higher side, resistance may kick in at around 5400. Worries over European sovereign debt issues might continue to linger for a while. One also has to closely follow events in the US and elsewhere. Attention will soon shift to earnings, both here and abroad.

Corporate Snippets

Tata Motors reported that the Land Rover sales in UK rose 67% to 11,300 units in March in UK. (ET)

Grasim Cement is planning to setp up a cement manufacturing facility in Tamil Nadu with an investment of Rs8bn. (BS)

ACC plans to ramp up its production capacity to 30mtpa from 26mtpa by the end of this year. (BS)

IOC has raised Rs13.5bn from sale of oil bonds in secondary markets. (FE)

Essar Energy aims to raise US$2.5bn through a share sale in London. (ET)

GVK Power and Infrastructure is likely to take management control of Bangalore International airport today. (ET)

Aban Offshore has bagged a contract to worth US$159mn from Brunel Shell Petroleum Sendirian Berhad for deployment of one of its rig. (ET)

सेन्सेक्स (17714.40)-255.62 अंक गिरकर, नीफ़्टी (5304.45) - 70.20 अंक गिरकर, बंद.

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European markets update: FTSE Index down 0.4%, CAC Index down 0.3% and DAX Index down 0.2%

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ABAN at Target Achieved 1267

OUR MORNING 

CALL BANG ON 

TARGET

NIFTY (5355) SUP (5270) REC (5380)

Market to open in RED

& Likely to volatile during

the Session

Sector Watch: 

 Cement, Realty, Textile, Infra

Stock Avoid :  

Metal & Commodities Stocks

PFC : trading strong at 247, HOLD FOR 300 ++

OUR SMS TO PAID CLIENTS

WAS......................................

"Delivery Call

Hold Buy PFC 235

Hold for 247 and 299 plus"

-------------------------------

HOLD FOR NEXT TARGET

Delivery Call .. BUY AND HOLD

 

Buy Aban offshore Ltd

Dimond Cable ... remember... FIX DEPOSIT

   Our call trading strong

HOLD FOR NEXT TARGET

OUR SMS WAS.........................................

"Delivery Call for 90days

Buy and Hold

DIMOND CABLE

[DIACAM]

At 122-126

Buy on dips

TARGET 144,

164 AND 177 PLUS

Fix DEPOSIT

OF BSE

MUST BUY"

-------------------BANG ON TARGET----AS USUAL-----------

Reliance Industries has implemented and commissioned 1MW solar Photo Voltaic power plant at Thyagaraj Stadium in Delhi. (BL)

FIIs were net buyers in the cash segment on Wednesday at Rs3.38bn on a provisional basis. Local funds were net sellers of Rs234.3mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs11.78bn. On Tuesday, FIIs were net buyers of Rs5.9bn in the cash segment, as per the SEBI web site.

Pre Market Ideas

BUY  ABAN

BUY  ESSARSHIPING

Pre Market Commentary

Today we expect a slightly lower start owing to soft global cues. US stocks fell despite Fed’s dovish words. Talk of potential changes to the EU-IMF debt rescue for Greek cast a shadow over world markets. Asian markets are mostly in red as US consumer credit and Japanese machinery orders reports missed economist estimates.


The bulls finally managed to jump around Mount 18K but didn’t really manage to hoist their flag. The Nifty could surpass 5400 in the near term, provided there are no untoward developments and FII inflows remain firm. Some selling pressure will set in at higher levels given the jitters surrounding high valuations. In addition, a spate of headwinds like elevated inflation, impending rise in interest rates and a fragile global economy could play spoilsport. Monsoon will of course be the joker in the pack.


Back home, IIP data will be declared on Apr 12, while monthly inflation will be released on April 14. RBI’s annual policy is on Apr 20. Another round of rate hike could be in the offing. So, trade wisely and be on guard to shift gears quickly if the need arises.

Corporate Snippets

NTPC to build power plant in Bangladesh. (BS)

Indian Hotel Company may scout for acquisitions for expanding operations overseas in the near future. (BL)

M&M raises utility vehicle prices by up to Rs26,100. (ET)

JSW Steel has earmarked a capex of Rs70bn for CY11. (ET)

National Pharmaceutical Pricing Authority has slapped a notice on Piramal Healthcare for selling its 10-ml pack of Pred Acetate without getting regulator’s prior approval. (BS)

Canara Bank may consider raising funds through QIP this year. (BL)

Andhra Bank total business grows 29% yoy in FY10. (BL)

सेन्सेक्स (17970.02) 28.65 अंक चढ्कर, नीफ़्टी (5372.20) 06.20 अंक चढ्कर, बंद..

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European markets update: FTSE Index down 0.3%, CAC Index down 0.2% and DAX Index trading flat

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OUR SELL NIFTY 1ST TARGET ACHIVED AT 5360, hold for 5347 and below

OUR SELL NIFTY

1st TARGET ARCHIVED

AT 5360, 

hold for 5347 

and below



see chart above 
perfect timing...for call
SELL NIFTY

SENSEX 18043.81 S|| NIFTY 5400

SENSEX ABOVE 18000 MARK
AND 
NIFTY NEAR 5400 MARK

MARKET MAY CORRECT ON

PROFIT BOOKING

TRADE SAFE... SIT ON CASH

SELL NIFTY FUT AT 5389

sl 5407 TARGET 5360, 5347

And BELOW

All eyes on : Infosys Result on 13th April for Q4 2010

Infosys Result on 13th April for Q4 2010

In a press release on March 24th 2010, Infosys declared the date of announcement of its Q4 results. Investors and traders alike eagerly wait for Infosys quarterly results as it gives a definite momentum to the markets. Since last few quarters Infosys has been giving cautious outlook and guidance for forthcoming quarters and has always beat its own guidance by record margin. And we expect the same this time around.


On April 13, 2010 Infosys will declare its Q4 2010 as well as Yearly results of 2009-10 and also give guidance for the next financial year. If you want to access Infosys Q4 2010 Results on your mobile just type ” R Infosys”/ ” Results Infosys” and send it to 51818 and you will get the results update directly on your mobile sets.


Estimated Results of Infosys Q4 Results 2010 :-
Revenues = Rs 5870 Crores.
Profit= Rs 1,608 Crores.

IPO on MOON WALK

NEW IPO LISTING...

Jubilant Food, Persistent 

BOTH most active...

BOOK PROFIT - CONVERT STOCKS INTO CASH

Market Rally to Continue

Keep Watch on small-Mid Cap Stocks
CASH IS KING!!

 

Sector Watch:

Sugar, Power, Banking & Paper

Stock Avoid

I.T. & Commodities Stocks

-  Superb Performance of our Last Recommendation
HOLD RIL, ICICI BANK, TULPI

STER: OUR CALL TRADING ABOVE TARGET AT 877

OUR SMS WAS.........

"Buy & hold STER between Rs832-833 

with SL of Rs826 for 

target of Rs847, 852"

 

 

BOOK PROFIT

TULIP: trading strong, at 863 BUY call given at 340, HOLD FOR 880 ++

TRADING STRONG...........

OUR SMS WAS..............

"Buy and Hold Tulip Telecom at Rs838-843 with SL of Rs820 for target of Rs880, 890"

 

 Superb Performance of our Recommendation..

 

TATA MOTORS: Our call trading ABOVE TARGET BOOK PROFIT

BOOK PROFIT

BANG ON TARGET

Superb Performance 

of our Recommendation.

 OUR SMS WAS.............

"

Buy on Tata Motors between 

Rs763-764 with SL of Rs756 

for target of Rs780, 785 "

RELIANCE : we are long from Rs966 levels, now trading 1131 plus

BOOK PROFIT

our sms was........

 

BUY RIL FOR 

target 

of 1100, 1110

MAJOR ALL CALL

BANG ON TARGET... MINT MONEY??

VISIT WWW.NORTHPOLE77.COM 

DAILY BEFORE YOU TRADE....

GREAVES COTTON : NOW TRADING AT 347

BOOK PROFIT 
 
 OUR SMS WAS................
 "
Buy & Hold 

Greaves Cotton 

at Rs313 with 

SL of Rs306 

for Target of Rs326
"

Fantastic performance of our last recommendation...mint money??
visit us daily...before you trade..
 

ICICI BANK :

ICICI BANK :our delivery call target achived at 1004.90
ICICI BANK TARGET ACVHIVED

BOOK PROFIT

WE ARE LONG

FOR RS.650-750 LEVELS

AGAIN BUY ON DIPS

AT 850-950 target

1150 ++

Superb Performance of our Recommendation............

IFCI: yesterday call BANG ON TARGER AT 52.35

BOOK PROFIT

BANG ON TARGET.................

YESTERDAY

OUR SMS WAS

"

Buy IFCI ltd at 51.05

stop loss RS 50.05

Target Rs 52, 53++

" 
Excellent performance of our Last recommendation
IN JUST ONE DAY.... VISIT US DAILY... 

SINTEX: target achived at 314, book profit

 Excellent performance of our 
YESTERDAY'S recommendation...

BANG ON TARGET
yesterday our sms 
was.............

 "

Buy Sintex AT 304.90
with stop loss Rs. 301  
HOLD Target Rs 307, 314.90 ++
"

Nu Tek India were locked at 10% upper circuit

 


Shares of Nu Tek India were locked at 10% upper circuit at Rs38.35 after the company announced that it plans to raise funds and set up a European unit to explore new business opportunities. The scrip opened at Rs36.5 it touched an intra-day high of Rs38.35 and a low of Rs35.6 and recorded volumes of over 0.29mn shares on BSE.

Dishman Pharma

Dishman Pharmaceuticals plans to raise Rs750mn by next month via non-convertible bonds, the MD, J.R. Vyas was quoted as saying. The company plans to use the funds to finance Rs1bn investment in four new drug-making plants, he added.The stock erased early gains and ended lower by 0.6% at Rs219. It opened at Rs221 it touched an intra-day high of Rs223 and a low of Rs217 and recorded volumes of over 91,000 shares on BSE.

Suzlon

Shares of Suzlon advanced by 2.5% to Rs75 after the company announced that it won 18MW repeat order from Gujarat State Fertilizer. The scrip opened at Rs74 it touched an intra-day high of Rs76 and a low of Rs73 and recorded volumes of over 5.4mn shares on BSE.

Pre Market Ideas

BUY SAIL TGT 260 ++

BUY AND HOLD IDFC TGT 180++

Corporate Snippets

NTPC plans to borrow Rs200bn in financial year 2010-11, 70% of which has already been tied up, as it quadruples generation capacity. (BS)

BHEL along with two of its other JV partners are expected to commence work on the Rs25bn Integrated Coal Gassification Combined Cycle power plant at Vijayawada in Andhra Pradesh in June 2010. (BS)

BHEL’s Tiruchy unit plans to increase the R&D spend by 73% to Rs4bn. (BS)

Tata Steel reported 18% growth in sales to 6.17mt during the fiscal 2010, against 5.23mt in the same period last year. (BL)

IOC refineries have achieved overall capacity utilization of 102% during 2009-10. (BL)

Pre Market Commentary

For the day, we expect a flat start and some resistance at even slightly higher levels. On the global front, the S&P and Nasdaq managed to inch higher while the Dow closed in the red. The Asian markets are mostly higher. 




The economic recovery may lose steam, despite recent moderate improvements, according to the Fed minutes from their recent policy meeting. Policymakers indicated that they could raise rates as soon as they see continued signs of life in the economy, according to the minutes.

सेन्सेक्स (17941.37) 05.69 अंक चढ्कर, नीफ़्टी (5366.00) -02.40 अंक चढ्कर, बंद..

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European markets update: FTSE Index up 0.4%, CAC Index up 0.5% and DAX Index up 0.2%

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Buy & hold Videocon Inds between Rs242-243 with SL of Rs237 for target of Rs255, 258

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New IPO :Persistent Systems up..up..uppp 44.5% on debut...

Shares of Pune-based Persistent Systems has seen good debut on the exchanges, which was on the expected lines. It opened at Rs 400, a premium of 29% over its issue price and touched a high of Rs 448 in early trade, up 44.52% on the BSE. It was trading at Rs 435.65, at 9:14 hours IST.


On the NSE, a share of software product development company has touched a high of Rs 447.30 and low of Rs 361.60. It was trading at Rs 437.50, up 41.13%. It has seen a turnover of Rs 178 crore so far.

India Infoline : Our delivery call now trading at 122.50

HOLD FOR 127 ++

Hold / BUY our delivery call

Buy Sintex AT 304.90
with stop loss Rs. 301  
HOLD Target Rs 307, 314.90 ++

Sector Watch ..

Oil Explosive, Banking, 

Realty, Oil Distribution & Sugar

Market Rally to continue &

Sensex may cross 18,000 ++ Level

L&T

L&T announced that it won Rs10.6bn Oil Platform contract from Gujarat State Petroleum East Coast. Shares of L&T erased early gains and ended at Rs1647 down 0.3%. The scrip opened at Rs1660 it touched an intra-day high of Rs1660 and a low of Rs1638 and recorded volumes of over 0.12mn shares on BSE.

Today Listing.....up36%

Persistent System
(BSE Code: 533179)
B Group|

Stocks IN Focus ...

Metal, POWER 

AND OIL and gas, 

banking stocks 

may be on focus

Pre Market Ideas

Buy IFCI ltd at 51.05
stop loss RS 50.05
Target Rs 52, 53++

Corporate Snippets

Corporate Snippets

L&T has received an order worth Rs10.6bn from Gujarat State Petroleum Corporation to build an offshore oil platform. (FE)

IFC, the private financing arm of the World Bank, has proposed to pick up a 9.92% stake in Cholamandalam DBS Finance for a consideration of Rs1bn. (ET)

Opto Circuits has announced the acquisition of Kolkata-based NS Remedies for US$1.5mn in an all-cash deal. (ET)

Oil India has more than US$2.5bn cash available for acquisitions as it seeks producing assets overseas to help boost the country’s energy security. (BS)

Religare Securities has hiked its stake in multiplex chain operator Fame India to 5.82%. (FE)

ONGC has received 10,722 emission reduction certificates from the United Nations for a waste heat recovery project at its Mumbai High fields. (ET

Pre Market Commentary

Positive global cues have forced an otherwise cautious market to come within striking distance of 18K. Will the victory be short-lived? The Tuesday effect could well take place where the indices will open higher and could end weaker.


While the FII inflows (Rs29.48bn net inflows in five days) continue, the domestic funds have also turned buyers. The aided the ascent of the rupee to an almost 20-month high versus the dollar, appreciating nearly 4% this year.

सेन्सेक्स (17935.68) 243.06 अंक चढ्कर, नीफ़्टी (5368.40) 77.90 अंक चढ्कर, बंद..

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NIFTY  (5320) SUP (5290) REC (5370)

Today Listing & Tommorow

Pradip Overseas

 (BSE Code: 533178)

B Group

Tomorrow Listing

Persistent Sys.

(BSE Code: 533179)

B Group

 

Pre Market Ideas

BUY  ESCORT

Pre Market Commentary

Today we expect a positive opening with markets in the US and Europe trading srtong.Asian markets though are mixed and relatively subdued. Hopefully, that shouldn’t deter the bulls here in India.In the event of a fresh fall, the Nifty may find support near 5250. One big challenge will be to sustain above 5300 amid growing concerns over stubbornly high inflation and an impending rate hike.