Corporate Snippets

± Rural Electrification Corporation plans to raise US$700mn through External Commercial Borrowing (ECB) and Export Credit Assistance (ECA). (BS)

± BP Plc has joined the race with RIL to acquire a majority stake in Canadian oil-sand major, Value Creation, with an offer of US$1.2bn. (BS)

± PVR Cinemas has decided to terminate its agreement to acquire real estate developer DLF’s exhibition hall business, DT Cinemas. (BS)

± Ballarpur Industries has put in a bid close to US$200m for acquiring Malaysia’s largest integrated paper manufacturer GS Paper & Packaging Group (ET)

± Indiabulls Real Estate is considering the demerger of its wholesale trading business, to unlock value from the venture. (BS)

± Work on Jaypee Power Ventures Limited (JPVL)’s, a subsidiary of Jaypee Group, 2,700MW hydro project in Arunachal may commence by 2011. (BS)

± SBI to provide interest-free seed capital of upto Rs1m to aspiring entrepreneurs under a new scheme – SBI SMILE. (ET)

± Shoppers’ Stop plans to add 1mn sq ft over the next three years. (BS)

± Bharat Electronics is likely to end the present financial year with an order book of over Rs120bn, a growth of 20% during the year. (BS)

Pre Market Commentary...

We expect a steady start today. Japan and South Korea have gained modestly while stock benchmarks in Europe rose marginally. Avoid taking any major call on either side. Use the uncertainty and consolidation to rejig your portfolio.

The uncertainness in recent times does not really offer much of a choice to take a chance. Brazil’s market is shut on account of the Carnival while a few Asian markets are closed for the Lunar New Year. For India and other world markets that are open for trading, there are hardly any reasons to celebrate - at least for the time being.

If anything, worries have got compounded of late. Concerns over China’s monetary tightening, debt troubles in the EU and the jobless economic recovery in the US are among the woes. Back home, while things appear to be getting better for the economy, inflation, at the same time, is threatening to cross double digits soon. Budget is just a few days away and could herald partial and calibrated rollback of the fiscal stimulus. Monsoon will be crucial, as India can hardly afford another bad rainy season.

सेन्सेक्स (16038.35) --114.24 अंक गिरकर, नीफ़्टी (4801.95) -24.90 अंक गिरकर, बंद..

HOLD...

HOLD all calls

INDIAINFO,

HIND COPPER

NMDC

VIKAS WSP

PATELSAI

SAIL

RIL

IDFC

For good return!!

Buy IDFC hold for 2days ~ HOT CALL!!

IDFC



HOT CALL
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TATA MOROTS : target achived, hold with revised SL 679.90 target 714 and 724 plus

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Corporate Snippets

Reliance Communications plans to buy 2mn CDMA handsets for Rs3.4bn from Chinese telecom vendor Huawei Technologies. (BS)

SAIL denies any dialogue with South Korea’s Posco for a possible joint venture at Kulti in West Bengal. (ET)

JSW Steel is evaluating proposals to acquire coal mines overseas. (BS)

SCI plans to acquire in phases Capesize vessels and VLCCs four each. (BL)

NMDC is likely to file a revised draft papers for follow-on public offer. (mint)

Arvind plans to scale up organic denim biz. (ET)

Shriram Transport Finance is looking aggressively for more acquisitions. (BS)

Cabinet is likely to approve SAIL’s share sale plan on February 18. (DNA)

GSS America plans to raise up to US$75mn through QIP, FCCB, and GDR & ADR to fuel its inorganic growth plans. (BS)

Dewan Housing plans to launch a new subsidiary, NewCo for an investment of Rs1bn and also plans to divest 20% to PE investor. (BS)

West Bengal allots 505 acres for Rs70bn Adhunik Corp proposed steel & power Facility. (ET)

Markets rally to continue

Sector Watch

Cement, Railywa Connected Stocks,

Infra & PSU Stocks

Buy Reliance
Buy Sesa Goa

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US markets will be closed today as well on account of the Presidents’ Day holiday.

Markets in China, Taiwan, Hong Kong, Singapore, South Korea and Malaysia are shut today for the Lunar New Year.

FIIs were net buyers in the cash segment on Thursday at Rs2.11bn on a provisional basis while the local funds were net buyers of just Rs608.2mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs10.77bn. On Wednesday, FIIs were net sellers of Rs236mn in the cash segment, while Mutual Funds were net buyers at Rs2.67bn, according to SEBI web site.

Today Listing

(1) Vascon Engg. (BSE Code : 533156) (B Group)


(2) Syncom Healthcare (BSE Code : 533157) (B Group)

Pre Market Commentary ...

Today, we expect a flat to slightly positive start for Indian markets with a likelihood of another short-covering-led bounce. Do not get carried away by any sudden spurt if any as the upside too could get capped sooner than later. In the near term, the Nifty could rise to the 5000 levels again; and perhaps cross 5000 before the Budget. On the whole, the market will remain volatile, largely owing to external factors and concerns over FII outflows. Outcome of the Budget will be another factor to determine near-term direction.

The market remains in a precarious situation. It is time to keep your heart, mind, eyes and ears open before taking a decision. The extended weekend brought mixed news. The industrial output data for December surpassed all optimistic estimates. China surprised by raising the reserve ratio for banks. Data also showed that Eurozone growth came to a halt in the last quarter of 2009. Among the other bad news was of course the blast in Pune just as India and Pakistan get ready to resume bilateral dialogue. On the M&A front, reports suggest that Kuwait-based Zain is said to have accepted a $10.7bn offer from Bharti Airtel for its African assets.

सेन्सेक्स (16152.59)230.42 अंक चढ्कर, नीफ़्टी (4826.85)69.65 अंक चढ्कर, बंद..

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RIL : NO JAI NO VIRU... only dhiru.. our call on move HIGH 1016 4%UP

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Tommorow MARKET WILL REMAIN CLOSE.
SHIVRATRI WISHES NORTHPOLE

Buy and Hold Aban Offshore at 1180-1185 with Sl of Rs1170 for target of Rs1210, 1220

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HCC receives three large NHAI contracts

HCC receives three large NHAI contracts In West Bengal HCC (Hindustan Construction Company), a leading infrastructure construction and development Company has been awarded three prestigious projects by National Highways Authority of India (NHAI) to develop three contiguous sections of approximately 256 kms length between Bahrampore to Dalkhola on NH-34 in West Bengal on a BOT (Toll) basis. The letters of award boost HCC's order book by about Rs. 2860 crore and the special purpose companies implementing these projects under HCC Infrastructure will be receiving a cumulative capital grant of Rs. 1033 crore during the construction period. The company made this announcement during the trading hours today, 10 February 2010.

Todays Board Meetings

Board Meetings as on 11-Feb-10

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....

Aptech's equity shareholders to approve scheme of amalgamation On 06 March 2010 The equity shareholders meeting of Aptech will be held on 06 March 2010 to approve the scheme of amalgamation of Aptech Software with Aptech.

Market up on +ve Nov IIP data

November IIP stood at 11.7% Vs 2.5% (YoY), Vs 10.3% (MoM).

Our call on

Reliance Industries (up 1.5%),

IDFC, Tata Power,

L&T, M&M,

Tata Motors and

BPCL

all up...

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%.

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Intraday target achived at 4840, BOOK PROFIT

Intraday Nifty

at 4840

BOOK PROFIT

CALL CLOSED

Fortis Healthcare rose 2%, the company is going to raise Rs 1250 crore.

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Market bounces back on hopes of Greece bailout

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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++

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KFA : hold Trading strong ..

OUR Call

"Buy & HOLD KFA"

trading strong at 52.95
hold for 56 plus

Kingfisher Airlines was up 4%
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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Intraday..

Buy Nifty


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Pre Market Ideas ...

ITC

HCC

Entry and Exit only to paid clients...

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.

सेन्सेक्स (15022.17]-120 अंक गिरकर, नीफ़्टी (4757.20)-35.45 अंक गिरकर, बंद..

Hold Unitech (Rs 72) with a stop loss around Rs 50 if looking at long term.

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Market today extremely volatile; SBI, ONGC, NTPC, L&T, SAIL, slip

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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 ...

Buy /hOLD Jai Corp
for target of 294 & 300
plus


Buy RIL at 1000
target 1040 plus
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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.

सेन्सेक्स (16042.18)106.57 अंक चढ्कर, नीफ़्टी (4792.65)32.255 अंक चढ्कर, बंद..

Buy and Hold ..

DELIVERY CALL

Buy and Hold

VikasWSP

BSE: 519307

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 Idea

BUY SAIL

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.

nse bse

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FMCG : On Move DABUR upby 3%

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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)

Sell ONGC

Buy MCDowell

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)

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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.

सेन्सेक्स (15949.64)158 अंक चढ्कर, नीफ़्टी (4766) 48.30 अंक चढ्कर, बंद

NTPC ipo in problem ...

NTPC issue scrapes

through with support from

SBI, LIC

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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Satruday : Good Morning

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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

www.nseindia.com

Last Hope ...

Nifty bounces back from 4700;

HCL Tech, Maruti in green

MARKET :BSE Sensex touches 3-month low; global concerns weigh

&all fell down;

BSE Sensex touches 3-month low;

global concerns weigh