Friday, October 15, 2010
European market update: CAC index up 0.3%, DAX index up 0.4%, FTSE index up 0.2%
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Major Results Today:
* DCB, Heidelberg Cement, Karnataka Bank, Manappuram General Finance, Nu Tek India and Venus Remedies.
* Infosys has reported a consolidated net profit of Rs17.37bn for the quarter ended Sept. 30, 2010 as against Rs14.88bn in the previous quarter ? in line with expectations
* Infosys EPS for Q2 FY11 stood at Rs30.41 while the Operating Profit Margin (OPM) was at 30.2% Consolidated net sales for the reporting quarter have come in at Rs69.47bn versus Rs61.98bn in the preceding quarter, showing a sequential improvement of 12.1%
Thursday, October 14, 2010
European market update: FTSE index up 0.3%, CAC index up 0.2%, DAX index up 0.3%
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Wednesday, October 13, 2010
BANG ON TARGETThe FIIs were net buyers of Rs4.55bn in the cash segment on Tuesday (provisionally), according to the NSE web site. Local funds were net sellers of Rs4.54bn. In the F&O segment, the foreign funds were net sellers at Rs6bn. The FIIs were net buyers of Rs11.11bn in the cash segment on Monday, as per the SEBI web site. Mutual Funds were net sellers at Rs2.6bn on the same day.
Corporate Snippets
Tata Motors has successfully completed its qualified institutional placement of shares aggregating US$750mn. (ET)
Bajaj Auto said it has hiked the prices of almost all of its models by up to 2% with effect from October 1. (ET)
Axis Bank has received RBI nod to set up a subsidiary in the UK. It has also got the central bank's permission to upgrade its presence in Shanghai from a representative office to a branch. (BL)
Cairn India Ltd raised Rs22.5bn through sale of bonds. (BS)
Jaiprakash Associates has entered into an agreement with M/s Dighi Port Limited for setting up a port based cement grinding plant in Kutch district, Gujarat. (BS)
Lanco Infratech said its arm Lanco Kondapalli Power Pvt Ltd has received loan worth Rs18.3bn from a consortium of banks and financial institutions. (FE)
Bajaj Auto said it has hiked the prices of almost all of its models by up to 2% with effect from October 1. (ET)
Axis Bank has received RBI nod to set up a subsidiary in the UK. It has also got the central bank's permission to upgrade its presence in Shanghai from a representative office to a branch. (BL)
Cairn India Ltd raised Rs22.5bn through sale of bonds. (BS)
Jaiprakash Associates has entered into an agreement with M/s Dighi Port Limited for setting up a port based cement grinding plant in Kutch district, Gujarat. (BS)
Lanco Infratech said its arm Lanco Kondapalli Power Pvt Ltd has received loan worth Rs18.3bn from a consortium of banks and financial institutions. (FE)
Tuesday, October 12, 2010
European market update: FTSE Index down 0.7% and DAX Index down 0.7% and CAC Index down 1%
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India?s August Industrial Production increased 5.6% from year ago
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Intraday: Sell Nifty at 6083, first target achived, HOLD for NEXT tgt..
INTRADAY call GIVEN TO PAID CLIENTS ONLY....
GET CALL ON TIME, GET PAID,
Intraday: Sell Nifty at 6083,
first target achived, HOLD for NEXT tgt..
GET CALL ON TIME, GET PAID,
Intraday: Sell Nifty at 6083,
first target achived, HOLD for NEXT tgt..
BUY Gail Oct Futs at Rs504 with SL of Rs494 for a target of Rs524
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The FIIs were net buyers of Rs8.1bn in the cash segment on Monday (provisionally), according to the NSE web site. Local funds were net sellers of Rs5.74bn. In the F&O segment, the foreign funds were net sellers at Rs10.50bn. The FIIs were net buyers of Rs8.07bn in the cash segment on Friday, as per the SEBI web site. Mutual Funds were net sellers at Rs5.43bn on the same day.
Corporate Snippets
Patni Computer opens first centre in China. (BL)
Vedanta Group has ruled out raising the open offer price for Cairn India. (BL)
Vivimed Labs gets Govt nod to develop SEZ in AP. (BL)
Jai Prakash Associate said it will invest around Rs6bn to set-up a 3 mtpa cement grinding unit at Delhi Port. (ET)
Supreme Infrastructure has bagged an order worth Rs854mn. (BL)
NFL cancels 14.7 MW wind energy contract. (BL)
Tata Motors plans to launch a new car that will be positioned between the Nano and the Indica. (ET)
JSW Group emerges as the frontrunner in the talks to buy a controlling stake in Canadian resources company CIC Energy, which could BE value at US$450-500mn. (ET)
Monday, October 11, 2010
European market update: FTSE index up 0.3%, DAX index up 0.2%, CAC index flat
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BUY Tata Chemicals Oct Fut at Rs417 with SL of Rs413 for Target of Rs427
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The FIIs were net buyers of Rs5.86bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs10bn. In the F&O segment, the foreign funds were net sellers at Rs9.44bn. The FIIs were net buyers of Rs17bn in the cash segment on Thursday, as per the SEBI web site. Mutual Funds were net sellers at Rs4.23bn on the same day.
Corporate Snippets
HPCL is in talks with Jindal Petroleum to buy the latter’s 25% stake in an oil and gas block in Rajasthan. (ET)
L&T bagged Rs15.85bn orders in July-September period from the construction segment. (ET)
Punj Lloyd bagged Rs5.39bn contract from the Gail India for laying a natural gas pipeline from Dabhol to Bangalore. (ET)
Government is likely to offer a significant stake in its proposed refinery project in Rajasthan to Vedanta Resources, which is looking to enter the crude oil business by acquiring majority stake in Cairn India. (FE)
Jindal Steel and Power has started to build a US$2.1bn iron ore mine and steel project in eastern Bolivia after a series of delay. (DNA)
Fortis Global Healthcare plans to acquire Hong Kong’s Quality Healthcare Asia for ~Rs8.82bn. (ET)
L&T bagged Rs15.85bn orders in July-September period from the construction segment. (ET)
Punj Lloyd bagged Rs5.39bn contract from the Gail India for laying a natural gas pipeline from Dabhol to Bangalore. (ET)
Government is likely to offer a significant stake in its proposed refinery project in Rajasthan to Vedanta Resources, which is looking to enter the crude oil business by acquiring majority stake in Cairn India. (FE)
Jindal Steel and Power has started to build a US$2.1bn iron ore mine and steel project in eastern Bolivia after a series of delay. (DNA)
Fortis Global Healthcare plans to acquire Hong Kong’s Quality Healthcare Asia for ~Rs8.82bn. (ET)
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