Thursday, July 1, 2010
Corporate Snippets
GMR Infra and GVK have approached the competition commission of India to get clearance for a 10% hike in aeronautical charges like landing and parking traffic. (ET)
Tata Power to raise Rs14bn by selling 15% in 2 coal SPVs. (ET)
Two Republican lawmakers back US Loan for Reliance Power for a coal-fired plant in Madhya Pradesh. (ET)
Mexico has denied setting up a refinery project with Reliance Industries. (BS)
L&T bags orders worth Rs13.83bn. (BS)
M&M is looking at buying one of the Australian facilities of Boeing. (BS)
Sumitomo to buy 4.5% in Kotak Bank for Rs13.66bn. (ET)
Tata Power to raise Rs14bn by selling 15% in 2 coal SPVs. (ET)
Two Republican lawmakers back US Loan for Reliance Power for a coal-fired plant in Madhya Pradesh. (ET)
Mexico has denied setting up a refinery project with Reliance Industries. (BS)
L&T bags orders worth Rs13.83bn. (BS)
M&M is looking at buying one of the Australian facilities of Boeing. (BS)
Sumitomo to buy 4.5% in Kotak Bank for Rs13.66bn. (ET)
Wednesday, June 30, 2010
European markets update: FTSE Index up 0.2%, CAC Index up 0.1% and DAX Index up 0.2%
"Visit Daily www.NorthPole77.com , Join profit making community...Today!"
SHROT TERM DELIVARY CALL,
Buy & hold
Amara Raja Batteries at Rs182.5
with SL of Rs178 for
target of Rs192, 194HOLD FOR 15 DAYS
Corporate Snippets
State Bank of India fixed its base rate at 7.5%. (ET)
JSW Steel is planning to invest Rs750bn in both brownfield and greenfield projects to increase its capacity over fourfold to 32mtpa from the present 7.8mtpa by the turn of 2020. (ET)
JSW Steel may take another six months before Japan’s second-largest steel company, JFE Holdings, buys a stake in it. (BS)
Bharti Airtel said it will invest US$100mn over the next three years to expand in Gabon. (ET)
ONGC and its partners will sign contracts for half of 34 oil and gas blocks awarded in the latest round of auction under the NELP. (ET)
JSW Steel is planning to invest Rs750bn in both brownfield and greenfield projects to increase its capacity over fourfold to 32mtpa from the present 7.8mtpa by the turn of 2020. (ET)
JSW Steel may take another six months before Japan’s second-largest steel company, JFE Holdings, buys a stake in it. (BS)
Bharti Airtel said it will invest US$100mn over the next three years to expand in Gabon. (ET)
ONGC and its partners will sign contracts for half of 34 oil and gas blocks awarded in the latest round of auction under the NELP. (ET)
Tuesday, June 29, 2010
Short SBI July Futures at Rs2290 with SL of Rs2298 for target of Rs2275
sell ..sell.....................sell
European markets update: FTSE Index down 1.42%, CAC Index down 1.70% and DAX Index down 1.61%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
Short Hindalco July Futs at Rs147 with SL of Rs149.5 for Target of Rs142
Sell ..........................................
Asia markets update: Nikkei Index down 1.3%, Hang Seng Index down 1% and Shanghai Composite Index down 4%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
The FIIs were net buyers of Rs7.93bn in the cash segment on Monday (provisionally), according to the NSE web site. Local funds remain cautious and were net sellers of Rs948.8mn. In the F&O segment, they were net buyers at Rs5.28bn. On Friday, the FIIs were net buyers of Rs2.84bn in the cash segment.
Corporate Snippets
RIL announced its seventh discovery in the 635 square-kilometre block, CB-ONN-2003/1 (CB 10 A&B), in the Cambay Basin, about 130 kilometres from Ahmedabad. (BS)
SBI to announce its base rate today; hints at fixing it at 8%. (ET)
Tata Motors plans to raise Rs47bn through a combination of instruments to meet capital requirements and cut debt. (BS)
ITC is setting up another unit at its existing paper mill in Bhadrachalam at a cost of Rs10bn to add a paper plant of 0.2mtpa capacity. (BS)
PowerGrid Corp would invest Rs580bn for setting up network to facilitate evacuation of electricity from power surplus states to others. (FE)
ITC plans to extend its Vivel personal care range to deodarants and talcs. (BS)
SBI to announce its base rate today; hints at fixing it at 8%. (ET)
Tata Motors plans to raise Rs47bn through a combination of instruments to meet capital requirements and cut debt. (BS)
ITC is setting up another unit at its existing paper mill in Bhadrachalam at a cost of Rs10bn to add a paper plant of 0.2mtpa capacity. (BS)
PowerGrid Corp would invest Rs580bn for setting up network to facilitate evacuation of electricity from power surplus states to others. (FE)
ITC plans to extend its Vivel personal care range to deodarants and talcs. (BS)
Monday, June 28, 2010
European markets update: FTSE Index up 0.7%, CAC Index up 0.6% and DAX Index up 0.3%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
BUY GAIL July Futs at Rs477 with SL of Rs472 for target of Rs487
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
The FIIs were net sellers of Rs3.07bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds remain cautious and were net sellers of Rs4.46bn. In the F&O segment, they were net sellers at Rs1.45bn. On Thursday, the FIIs were net buyers of Rs12.38bn in the cash segment. Mutual Funds were net sellers of Rs2.82bn on the same day.
Corporate Snippets
RNRL signed a revised gas sale master agreement with Reliance Industries for supply to the former's proposed power plant at Dadri in Uttar Pradesh, close to Delhi. (BS)
Reliance Communications says it has agreed to sell its telecom business to GTL Infrastructure. (BL)
Reliance Industries and Pemex, Mexico may soon forge a partnership to develop a large-capacity greenfield refinery in Mexico. (ET)
Tata Motors will set up a new manufacturing plant for the Ace and for other similar products. (BS)
The Singapore government’s investment fund, GIC Special Investments Pte Ltd, has deferred its plan to invest about Rs3.8bn to pick up a minority stake in Fortis Healthcare. (BS)
Reliance Communications says it has agreed to sell its telecom business to GTL Infrastructure. (BL)
Reliance Industries and Pemex, Mexico may soon forge a partnership to develop a large-capacity greenfield refinery in Mexico. (ET)
Tata Motors will set up a new manufacturing plant for the Ace and for other similar products. (BS)
The Singapore government’s investment fund, GIC Special Investments Pte Ltd, has deferred its plan to invest about Rs3.8bn to pick up a minority stake in Fortis Healthcare. (BS)
Friday, June 25, 2010
European markets update: FTSE Index up 0.48%, CAC Index up 0.36% and DAX Index up 0.38%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
Corporate Snippets
L&T plans to restructure JV with Mitsubishi. (BS)
HCL Corp sells 2.5% stake in HCL Tech for Rs5.8bn. (BS)
Alstom enters into JV with BHEL and NPCIL to tap Indian nuclear power market. (BS)
ING sells 3.1% stake in Kotak Bank for Rs8bn. (BS)
Jet and Godrej to ink Mumbai land deal soon. (BS)
Tata Tele plans Rs10bn capex this year. (BS)
Powergrid’s new bidding norms to hit Chinese vendors. (BS)
HCL Corp sells 2.5% stake in HCL Tech for Rs5.8bn. (BS)
Alstom enters into JV with BHEL and NPCIL to tap Indian nuclear power market. (BS)
ING sells 3.1% stake in Kotak Bank for Rs8bn. (BS)
Jet and Godrej to ink Mumbai land deal soon. (BS)
Tata Tele plans Rs10bn capex this year. (BS)
Powergrid’s new bidding norms to hit Chinese vendors. (BS)
Thursday, June 24, 2010
European markets (FTSE and CAC Index) have declined by 1% each
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
European markets update: FTSE Index up 0.4%, CAC Index up 0.6% and DAX Index up 0.4%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
Long Bharti July Futs at Rs265 with SL of Rs262 for Target of Rs271
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
The FIIs were net buyers of Rs2.65bn in the cash segment on Wednesday (provisionally), according to the NSE web site. Local funds remain cautious and were net sellers of Rs8.66bn. In the F&O segment, they were net buyers at Rs9.56bn. On Tuesday, the FIIs were net buyers of Rs10.37bn in the cash segment. Mutual Funds were net sellers of Rs2.32bn on the same day.
Corporate Snippets
Tata Motors is considering raising Rs25bn via equity or FCCB to trim debt pile. (ET)
RCom may sign a 5-year deal with Africa’s Attijariwafa Bank for managing the bank’s Ethernet services. (BS)
NTPC seeks 30mmscmd more of gas for expansion of gas based power projects. (DNA)
SAIL in talks with Japan’s Kobe Steel for a technological deal. (DNA)
IOC to start processing crude oil produced from Cairn India’s Rajasthan block at its Panipat Refinery. (DNA)
Vivendi SA, Europe’s largest entertainment group denies interest to buy a 26% stake in RCom.(mint)
RCom may sign a 5-year deal with Africa’s Attijariwafa Bank for managing the bank’s Ethernet services. (BS)
NTPC seeks 30mmscmd more of gas for expansion of gas based power projects. (DNA)
SAIL in talks with Japan’s Kobe Steel for a technological deal. (DNA)
IOC to start processing crude oil produced from Cairn India’s Rajasthan block at its Panipat Refinery. (DNA)
Vivendi SA, Europe’s largest entertainment group denies interest to buy a 26% stake in RCom.(mint)
Wednesday, June 23, 2010
European Market Update: FTSE down 0.98%, DAX down 0.80% and CAC down 1.13%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
FIIs were net buyers of Rs9.76bn in the cash segment on Tuesday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs1.97bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs5.99bn. On Monday, FIIs were net buyers of Rs17.99bn in the cash segment, as per SEBI data.
Corporate Snippets
Reliance Industries plans to invest more than US$3bn over the next four to five years to build capacity for its entry into the fertilizer sector. (ET)
NTPC’s decision to re-tender for the bulk supply of super critical boilers may derail its plans to expedite its 12th plan capacity addition program. (FE)
Bharti Airtel plans to spend US$100mn in the next three years on network expansion in Malawi. (ET)
L&T has been disqualified on technical grounds in NTPC's tender for 11 sets of supercritical boilers (and turbines) and the consequent re-tendering has invigorated other boiler manufacturers. (BL)
Wipro plans to hire more locals for overseas operations. (BL)
Tuesday, June 22, 2010
India Panel to consider decontrol of petrol price on June 25 - reports
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
European markets update: FTSE Index down 0.6%, CAC Index down 0.7% and DAX Index down 0.3%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
Hot Intraday Call ... buy in weak market
BUY and HOLD
BPCL at 530
SL 526
Target 531,533
BUY and HOLD
HPCL at 344
SL 340
Target 345,348
BPCL at 530
SL 526
Target 531,533
BUY and HOLD
HPCL at 344
SL 340
Target 345,348
FIIs were net buyers of Rs15.64bn in the cash segment on Monday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs5.61bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs13.21bn. On Friday, FIIs were net buyers of Rs6.95bn in the cash segment, as per SEBI data. Mutual Funds were net sellers at Rs459mn in the cash segment on the same day.
Corporate Snippets
Reliance Industries has become the second refinery to receive crude oil
supply through Cairn India and its joint venture partner ONGC's pipeline network. (BL)
Oil India has secured an extension for petroleum exploration licences for 10 of its 16 independently held blocks in Assam and Arunachal Pradesh. (BS)
BEML plans to invest Rs6.8bn in the next two to three years for expansion and diversification.(BS)
Tata Teleservices has suggested that the price of each MHz of excess spectrum beyond 6.2MHz in the 1800 Mhz band should be 1.67 times the 3G price set through the recent auction. (BS)
The Bajaj-Renault-Nissan alliance’s small car project continues to get sidelined as plans of production and branding is yet to take shape. (BS)
supply through Cairn India and its joint venture partner ONGC's pipeline network. (BL)
Oil India has secured an extension for petroleum exploration licences for 10 of its 16 independently held blocks in Assam and Arunachal Pradesh. (BS)
BEML plans to invest Rs6.8bn in the next two to three years for expansion and diversification.(BS)
Tata Teleservices has suggested that the price of each MHz of excess spectrum beyond 6.2MHz in the 1800 Mhz band should be 1.67 times the 3G price set through the recent auction. (BS)
The Bajaj-Renault-Nissan alliance’s small car project continues to get sidelined as plans of production and branding is yet to take shape. (BS)
Monday, June 21, 2010
Hold / BUY our delivery call INDIAINFO target 100
TRADING STRONG AT 100INDIAINFO buy given at 90-93
HOLD FOR 107,114 ++
SELL NIFTY at 5365 SL 5380 Target 5340,5320
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
High risk traders Short Axis Bank June Futs at Rs1248 with SL of Rs1260 for a target of Rs 1222
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
European markets update: FTSE Index up1.29%, CAC Index up 1.67% and DAX Index up 1.62%
"Visit Daily www.NorthPole77.com ,Join profit making community...Today!"
FIIs were net buyers of Rs7.79bn bn in the cash segment on Friday on a provisional basis, according to the NSE data. The local institutions were net sellers at nearly Rs5bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs1.28bn. On Thursday, FIIs were net buyers of Rs5.44bn in the cash segment, as per SEBI data. Mutual Funds were net sellers at Rs2.93bn in the cash segment on the same day.
Subscribe to:
Posts (Atom)
JOIN US!!
Send SMS for "STUDY" on 09825677777