Corporate Snippets

±  Coal India to acquire Massey Energy, the fourth-largest coal company in the United States, in its entirety. (BS)

±  State Bank of India has raised 750 million euros through global capital markets to fund euro-denominated assets. (BS)

±  The finance ministry has agreed to compensate Rs130bn to oil marketing companies, IOC, HPCL and BPCL, for the losses they incur this fiscal due to selling diesel and cooking fuel below cost. (FE)

±  HPCL and its partners will divest 40% of their stake in a gas bearing block in offshore Australia to US based Apache Corp. (FE)

±  Nestle has increased its stake in its Indian arm by 0.8% through stock market purchases during the quarter ended September. (ET)

±  Dr. Reddy’s Laboratories has bought GlaxoSmithKline’s oral penicillin facility and products in the US for an undisclosed sum. (ET)

±  GMDC has extended the deadline to submit Expression of Interest (EoI) for its 1 million tonne per year (mtpy) alumina refinery and 0.5 mtpy aluminium smelter by another week. (BS)

±  M&M will pay Rs21bn for a controlling stake in Ssangyong Motor. (ET)

सेन्सेक्स (19691.84)-265.75 अंक गिरकर, नीफ़्टी (5934.75) -75.25 अंक गिरकर, बंद.

Buy Reliance Dec Future, at 985.10 TARGET 1010

HOLD, position - don't panic

Risk and reward are two sides of the same coin. -Kalpesh

 

Against The Gods: The Remarkable Story Of Risk, Peter Bernstein

Ancient man had no risk management. Everything was left to ‘fate’ and the whims of the gods. Because ancient man felt that he was merely a victim of circumstance he did not see a need to plan for the future. Therefore, he had no future.

In his book Against The Gods: The Remarkable Story Of Risk, Peter Bernstein plots out the history of man’s discovery of the law of probabilities and risk management. Suffice it to say, economic progress seems to run parallel with man’s ability to discover, quantify, and manage risk. Risk and reward are two sides of the same coin. One is not present without the other. You cannot receive the reward unless you are willing to take the risk and you cannot expect to keep that reward unless you learn to mange that risk. It is imperative to master both subjects if you expect to be successful in any endeavor, especially the arena of investing/trading.”

Happy investing, just sharing as read the nice book. Kalpesh, Northpole

North Lorea; Indian market down about 3% as Korean tensions

DO NOT PANIC,

ALL IS WELL!! 

FORGET Koreans...

Coal India: hold our delivery call 400 & 450 in 365 days

SAVE THIS MESSAGE

INDIAINFO: at 114.50, BOOK PROFIT RS.25000

no magic - power of charts, 

INDIAINFO target achieved

forget market, visit daily our website,

profit for 2 days
Ril 25000 + Indiainfo 25000
50000 + IN JUST 2 DAYS

Buy Reliance Dec Future, TARGET 1044, Earn; 25000

HIGH RISK TRADERS / DELIVERY CLIENT

CLIENTS CAN TRADE ONCE AGAIN TODAY

SURE SHOT!!

Buy Reliance Dec Future 

in range of Rs998-1010

for the target price of Rs1029, 1044 ++  

with a stop loss placed at

Rs982. Lot size: 250 

Investment Idea; 

to Earn Rs25000

BUY RIL DEC, 5 LOTS,

MARGIN Rs40000 X 5 LOTS = 2 LAC

BUY AT 998-1010

SELL AT 1018-1030

PROFIT = 25000

 HIGH RISK HIGH RETURN

Buy INDIAINFO Dec Future, TARGET 114.50, Earn; 25000

Buy INDIAINFO Dec Future at 111.20 or below with sl 104.90 HOLD FOR target of 114.50, 117.90 & 121 in 11 days.

Investment Idea; 

to Earn Rs25000

BUY INDIAINFO DEC, 5 LOTS,

MARGIN Rs40000 X 5 LOTS = 2 LAC

place SL at 104.90

BUY AT110.50-111.10

SELL 113.10-113.70

PROFIT = 25000+

 HIGH RISK HIGH RETURN

 

Our paid clients mint yesterday 25000 in RIL

CHECK OUR WEBSITE DAILY!!

INTRADAY CALL,

BUY AND HOLD

HINDALCO

NALCO

STER

Market to open 

with weak note

& likely to volatile 

during the session

Pre Market Ideas

MORNING CALL,

BUY and HOLD

MNM at 769

SL 763

TARGET 777,779

Corporate Snippets

  Lupin has been sued in US over HIV drug. (FE)

±  Gujarat State Petroleum Corporation through a consortium of banks has tied up a Rs30bn term loan to finance its DeenDayal West field in the Krishna Godavari basin. (BS)

±  Jubilant Energy plans to raise US$85mn through institutional placement and plans to get listed on the London Stock Exchange on November 24. (BS)

±  The initial public offer of state-owned Punjab & Sind Bank will hit the market early next month. (BS)

±  Indian Bank has received the Central Bank of Sri Lanka's nod to open its branch at Jaffna in Sri Lanka. (BS)

±  The follow-on public offer of Shipping Corporation of India for Rs13bn would come out on November 30. (BS)

±  Religare Capital Markets, the investment banking arm of Religare Enterprises, has acquired the UK operations of Barnard Jacobs Mellet for an estimated US$40-50mn. (BS)

±  Bharati Shipyard has agreed to acquire 51% equity stake in the Chennai-based Tebma Shipyard for Rs758mn. (BL)

सेन्सेक्स (19957.59) 372.15 अंक चढ्कर, नीफ़्टी (6010.00) 119.70 अंक चढ्कर, बंद..

Buy Reliance Dec Future, TARGET 1044, Earn; 25000

Buy Reliance Dec Future 

in range of Rs998-1010

for the target price of Rs1029, 1044 ++  

with a stop loss placed at

Rs982. Lot size: 250 

Investment Idea; 

to Earn Rs25000

BUY RIL DEC, 5 LOTS,

MARGIN Rs40000 X 5 LOTS = 2 LAC

BUY AT 998-1010

SELL AT 1018-1030

PROFIT = 25000

 HIGH RISK HIGH RETURN

INTRADAY

BUY and HOLD

ESSAROIL

SESAGOA

RPOWER

Manganese Ore India Limited (MOIL)

IPO will open on 26-11-2010;

Price Band may be Rs. 600 to 660

Market to open GREEN

& likely to volatile during the session

Sector Watch: FMCG, Auto & Auto Ancillary

Power Grid

Corporation FPO

New Shares (Re-Listing)

to start trading from

November 26, 2010

Corporate Snippets

±  Tata Power plans to invest around Rs50bn in wind-energy alone. (BS)

±  Alok Industries has drawn up a Rs8bn capex plan for the next two years period. (BS)

±  Sun Pharma loses generic challenge in US court. (BS)

±  Dr Reddy’s Labs launches Zafirlukast tablets a bioequivalent generic version of Accolate in the US market. (BS)

±  Essar Shipping plans to invest around Rs55bn in capacity building in ports and shipping activity. (BS)

±  S Kumars Nationwide is undertaking a re-positioning exercise for its apparel brands, including Reid & Taylor and Belmonte. (BS)

±  Government plans to offload 10% of its equity holding in IOC through the FPO, and an equal stake will be diluted by the company. (BS)

±  SCI plans to invest Rs60bn for acquisition of 29 ships by 2012. (DNA)

±  Private equity firms Carlyle Group and Advent International may jointly mount a US$1bn bid to buyout Patni Computer. (TOI)

±  Tilaknagar Industries has raised Rs1.35bn through QIP. (ET)

±  Hinduja Automotive, the holding company of the Hinduja Group, is exploring opportunities in the aerospace sector. (BS)

Pre Market Ideas

MORNING CALL,

BUY and HOLD

TATASTEEL at 606

sl 600

target 611,613

सेन्सेक्स (19585.44)-345.20 अंक गिरकर, नीफ़्टी (5890.30) -108.50 अंक गिरकर, बंद.

INTRADAY CALL,

BUY and HOLD

SAIL

TATASTEEL

HPCL

Market to open on 

 GREEN

& overall 

 positive outlook 

during the session

Small & midcap 

stocks may in focus

 Sector Watch:

Auto, Banking & Textiles

Pre Market Ideas

BUY and HOLD

EDUCOM at 564

sl 560

TARGET 572,576

Corporate Snippets

"Visit Daily www.NorthPole77.com , Join profit making community...Today!"

सेन्सेक्स (19930.64) 65.50 अंक चढ्कर, नीफ़्टी (5998.80) 10.10 अंक चढ्कर, बंद..

Intraday: Sell Nifty at 5937, first target achived, HOLD for NEXT tgt..

INTRADAY, 1ST TARGET achieved,

Buy and Hold....

RELIANCE 

Target 1100 ++

Cummins India

Cummins India (BUY, above Rs789, Target Rs815): On Tuesday, in a declining market, the stock advanced on decent volumes from the support of its critical 50-DMA. Since July 2009, this important moving average has provided good support to the stock on every decline. It now faces a resistance at Rs830 levels and should have a minimum upside till that level. Based on above technical evidences and a positive crossover in other momentum oscillators, we recommend traders to buy the stock above Rs789 with stop loss of Rs778 for a target of Rs815.

Corporate Snippets

±  M&M plans to expand its automobile business in the US after it seals the acquisition of a majority stake in the South Korean automobile major Ssangyong. (ET)

±  HUL admitted that it had committed a grievous breach of protocol at its mercury thermometer factory in Kodaikanal, nine years ago. (BL)

±  Canara Bank to open 105 branches and ATM’s across the country. (BS)

±  HCL Tech signs US$100mn deal for smart grid solutions in power sector. (BS)

±  Zydus Cadila ties up with US-based Amarillo Bioscience for marketing its dietary supplement domestically and also in Nepal. (BL)

±  Tamilnad Mercantile Bank has entered into MoU with Tata Motors for commercial vehicles financing. (BL)

±  NTPC has argued for removal of its Dulanga coal block in Orissa from the list of areas barred for mining by the Union environment and forests ministry under its recent ‘No Go’ classification. (BS)

±  Wipro to open a new data centre in Cleveland County, North Carolina, to support its growing IT infrastructure business. (FE)

±  M&M and Andhra Pradesh Government are close to finalizing a deal that will pave the way for setting up of a tractor manufacturing base at Zaheerabad. (BL)

±  Bharti Airtel expects to cross the 100mn mobile subscriber mark in Africa in the next two years, from the 40mn at present. (BS)

Buy and Hold....

AXIS BANK, 

for entry and exit on your mobile,

get paid, join us!!!

Buy and Hold....

Buy and Hold DABUR, 

TARGET 104.50, 109.90 & 120 ++

Buy & Hold TV-18 Nov Future in range of Rs76-77

Buy & Hold TV-18 

Nov Future in range of Rs76-77

for the target price of Rs82 

with a stop loss placed at Rs73.

[ Lot size: 4000 Remarks: 

Net maximum profit of Rs24,000

and net maximum loss of Rs12,000.]

Market Commentary ..

It probably was a welcome break for the bulls considering the battering they have taken in recent days. But for Axis Bank it was business as usual, as the private bank snapped up the equity broking and investment banking operations of Enam. It would be interesting to see how the market reacts to the swap ratio.

The start today appears to be a better one as compared to the past few sessions. We are looking at a steady start at best. Things could turn choppy later on given the anxiety over Ireland’s fiscal woes and monetary tightening in China. The US data also remains more or less subdued, justifying the Fed’s decision to launch a $600bn QE2 to shore up a sluggish economy.

Asian markets are up marginally following a selloff earlier in the week. US markets closed flat while European benchmarks edged up.

The slowdown in FII inflows is a cause for some worry. Globally, the dollar remains firm while the euro is still under pressure owing to the eurozone fiscal woes. Commodities are soft as China has announced plans to rein in spiraling prices

सेन्सेक्स (19865.14)-444.55 अंक गिरकर, नीफ़्टी (5988.70) -132.90 अंक गिरकर, बंद.

Want to EARN one LAC ???? ONE LAC, BUY DABUR future

INVEST about 3 LAC, as FO margin of DABUR, 

BUY 6 FO DABUR LOT [ 6LOT x 2000 = 12000]

Buy PRICE AT 97/98

SELL TARGET AT 107.50/109.50

TOTAL PROFIT = 12000x Rs10profit=120000/-

INVESTMENT 3 LAC

PROFIT 1.2 LAC

NORTHPOLE INVESTMENT CALL

A SURE SHOT!

DABUR trading strong at 99.50, HOLD for 107.50 and120 ++

OUR BTST given at 97
SURE SHOT, 107.50

120++++++PLUS

SAVE THIS MESSAGE

Markets outlook: 

flattish to positive

Overall strong undertone

Sector Watch: Aviation,

Banking, Realty & Hotel

Today Listing

Gravita India Ltd.

(BSE Code: 533282)

Corporate Snippets

±  Tata group plans to foray in projects logistics segment in the next one year to tap Rs200bn market in India. (FE)

±  HPCL lines up Rs130bn capex to double its capacity of its Vizag refinery to 15mn tons a year by FY14. (ET)

±  Indian Oil Corporation (IOC) has planned a capex of Rs25bn for its marketing and distribution expansion. (ET)

±  A consortium led by L&T and Galfar Engineering & Contracting has bagged the design and development order for the New Salalah International Airport in the Sultanate of Oman for US$764mn. (BS)

±  NTPC would commence work on its first overseas project in Bangladesh by May ’11. (BS)

±  MERC has received EoIs from Maharashtra Electricity Distribution Company (MahaVitaran), Torrent Power, DPSC Ltd, Lanco Infrastructure, GMR Energy, Indiabulls Power, The Tata Power Company, and Enzen Global Solution over the auctioning of power distribution licence. (BS)

±  Tata Motors' global sales were up 18% at 86,705 units in October against the year-ago period. (BL)

±  HCL Technologies has bagged a US$100mn ‘business services' outsourcing deal in the US. (BL)

Pre Market Ideas

"Visit Daily www.NorthPole77.com , Join profit making community...Today!"

सेन्सेक्स (20309.69) 152.80 अंक चढ्कर, नीफ़्टी (6121.60) 49.95 अंक चढ्कर, बंद..

BTST: just hold over night

BTST

ONGC @1311

HFCL : TRADING strong

 

 

 

HIMACHALFUT - HFCL

Buy and Hold

Buy and Hold....

DABUR 

FOR TARGET 120 ++

Market Commentary ..

We are staring at a sluggish start; no great reason for the same though. Investors could still be feeling jittery after Friday’s big crash that was blamed partly on bleak IIP data and partly on a steep fall in China.

In terms of major news, Telecom Minister A Raja has finally resigned in connection with the much reported impropriety in the allocation of 2G licences. October’s inflation data will be out today.

Most world markets had a pretty bad week. Whether it brings about a rebound or fresh selling is now the question. No clear answers as we have to take each day as it comes and adopt a measured approach till the fog lifts on the near term direction of the market.

Chinese market is choppy while stocks in Japan are up on better than expected GDP report. The Kospi is in the green while the rest of the regional markets are in the red. US stocks closed down on Friday as did the European indices.

INTRADAY CALL,

BUY and HOLD

HPCL at 452

sl 447

TARGET 457,458

Markets to open 

in RED & likely to 

recover latter on

Overall volatile session

Sector Watch: 

Oil Marketing

Sector Avoid: Sugar,

Cement & Telecom

Corporate Snippets

±  SCI plans to add 62 vessels in the 11th Five Year Plan. (BS)

±  SCI is likely to come out with its follow-on public offer by end-November or early-December. (BS)

±  Agro Tech Foods sold its Rath vanaspati brand to edible oils maker Cargill India for an undisclosed amount. (ET)

±  Sun TV Group promoter Kalanithi Maran plans to take over as chairman of SpiceJet. (ET)

±  Nestle India ties up with the National Diabetes. (ET)

±  Amara Raja Batteries plans to double production capacity with Rs1.05bn investment in the next two years. (ET)

±  The coalition government in the UK confirmed the 10-year contract for administration of the state pension scheme which is valued at Rs40bn to TCS. (ET)

±  Hindalco Industries’ subsidiary, Novelis plans to raise its production capacity by 20% in the next three years. (ET)

±  Coal India is in talks to acquire mines from two US companies. (ET)

±  PTC India to hold 40% stake in the asset management company for India Energy infrastructure Fund while London-based emerging markets asset manager Ashmore would hold the balance 60%. (BS)

±  Sterlite Energy has sought relaxation in special economic zone rules to benefit its power plant in Orissa. (ET)

Pre Market Ideas

BUY and HOLD

TATASTEEL at 606

sl 601

TARGET 611,615

सेन्सेक्स (20156.89)-432.20 अंक गिरकर, नीफ़्टी (6071.65) -122.60 अंक गिरकर, बंद.

TATA MOTOR, buy and hold again revised target 1500 ++

*****

TATA MOTOR, buy and hold again revised target 1500 ++

HFCL: Buy and Hold FOR tht 25 ++++++

5 DAYS CALL

HIMACHALFUT - HFCL

Buy and Hold

TATA MOTOR : TRADING STRONG AT 1290

BUY CALL GIVEN ON MONDAY AT 1189

BOOK PROFIT VASINFRA -166

BOOK PROFIT IN VASINFRA 

- SMS GIVEN TO PAID CLIENTS -

call close with Rs39 profit /share

Major results today:

 Educomp, HPCL, India Cements, 

RPower, RInfra, Tata Power,

Tata Steel and Oil India

Buy and Hold....

RPOWER tgt 210

30days save this message

INTRADAY CALL,

BUY AND HOLD

NAVINFLORO AT 288 

SL-280 

TGT-298,301

Markets likely open in RED

& may volatile

during the session

Pre Market Ideas

morning call,

BUY and HOLD

GEINDSYS at 230

sl 226

target 235,237

Corporate Snippets

SAIL ties up with Switzerland-based CBMM Technology Suisse for research and development of high-end steel items used in the transportation of oil and natural gas. (BS)

NTPC to add ~6,550MW in four southern states by 2017 by investing ~Rs33bn. (BS)

Government is likely to issue bonds to avail of its share of SBI right issue. (ET)

M&M plans to expand its tractor production capacity to over three lakh units in two years.(BL)

HDIL to launch residential projects s[read over 27mn sq. ft. in the next six months. (ET)
 
GMR Infra is likely to sell its 50% stake in InterGen to China Huaneng for close to US$1.5bn. (ET)

Sun Pharma has acquired a further 12% stake, to reach 65%, in Taro Pharmaceuticals,for $82mn (Rs3.6bn). Sun paid $16 per share, ~14% premium to Taro's current market price of $13.75. (BS)
 
Kalanithi Maran and his firm, KAL Airways,have raised their direct holding in low-cost air carrier SpiceJet to 38.66% by purchasing an additional 7.68% stake for Rs1,469mn. (BS)

Parsvnath Developers has bagged 38-acre railway land in a key area of the capital for Rs16.5bn. (ET)

सेन्सेक्स (20589.09)-286.62 अंक गिरकर, नीफ़्टी (6194.25) -81.45 अंक गिरकर, बंद.

Buy and Hold RPOWER ----------sure shot......

BUY and HOLD
RPOWER at 190
target 204,210
 and 240 ++

ABAN & TATA STEEL trading strong in weak market....

BANG ON TARGET

VASINFRA: Buy Call given on Tuesday to paid client at 154.90

NOW TRADING AT 188.50 JUST IN 3 DAYS

NORTHPOLE ROCKS..................

RS.33 profit in just 3 days....

get such sparking call by SMS, join us!!!!

Buy and Hold Maruti for 15% plus returns

Buy & Hold Maruti

for 45 days for 15% plus returns!

Buy & Hold WestCoast Paper at Rs106-107 with SL of Rs102 for Target of Rs114

"Visit Daily www.NorthPole77.com , Join profit making community...Today!"

Major Results today:

Anant Raj Inds, Apollo Tyres, Bhusan Steel, Cipla, Gujarat NRE Coke, HDIL, Hikal, KRBL, Lanco Infra, MMTC, PSL, Ranbaxy and Shree Cement.

Result Update: Bharat Petroleum Corp (Q2 FY11) – Market Performer

CMP Rs764, Target Rs777, Upside 1.5%

±  Net sales for Q2 FY11 rises 30.8% yoy driven by higher average realizations and government subsidy share of Rs29.4bn

±  Upstream companies shared under recovery burden worth Rs8.2bn in Q2 FY11 v/s Rs8.8bn in 2 FY10

±  Throughput was higher by 12% yoy to 5.6mn tons and market sales were higher by 1.5% to 6.6mn tons

±  Uncertainty over subsidy sharing pattern to continue, keeping the impact of recent reforms limited

Buy and Hold....

COLPAL

BPCL

Markets likely flattish 

to positive

Stock specific stocks 

will in limelight

Pre Market Ideas

ABAN

TATA STEEL

TATA MOTOR

Corporate Snippets

±  Essar Oil lines up Rs17bn for Vadinar Refinery expansion. (ET)

±  Suzlon Energy was forced to pull out from the Attappadi tribal area of Kerala after the government asked it to vacate the land.  (BS)

±  Parsvnath Developers is likely to raise about Rs1bn by selling stake in a housing project to PE firms. (BL)

±  Jindal Saw has bagged orders worth over Rs6bn from domestic and overseas markets for supply of pipes (BL)

±  Tera Software has received a contract worth Rs450mn under the UID project Aadhaar. (BL)

±  Kotak Mahindra Bank today hiked its deposit rates on several maturities by up to 0.25 per cent. (BL)

±  Empee Sugars & Chemicals plans to issue GDRs of up to ~Rs3.5bn. (BS)

सेन्सेक्स (20875.71)-56.77 अंक गिरकर, नीफ़्टी (6283.65) -17.90 अंक गिरकर, बंद.

Buy and Hold ABAN for 15 days... get enrty and exit... join us!!!!!!!!

SURE SHOT, BUY CALL GIVEN AT 855..........................

SEE RATE AFTER 15DAYS..................!!!!!!!!!

SURE SHOT.....

JOIN US!!!!!!!! JOIN PROFIT EARNING COMMUNITY !!!!!!!!!!!

VASINFRA - SMS GIVEN TO PAID CLIENTS yesterday to by at 154.90

BOOKED PROFIT

TODAY AT 170

GET SUCH CALL JOIN US!!

TATA MOTOR trading strong at 1348.90, HOLD FOR TARGET

Result Update: Tata Motors (Q2 FY11) – BUY

Target Rs1,415, Upside 11.4%
 BUY GIVEN ATCMP Rs1,271,

Buy and Hold NEHAINT at 237.90 FOR INTRADAY,

Buy and Hold 

NEHAINT at 237.90

FOR INTRADAY, 

sure shot target at 242

and 247 plus....

INTRADAY CALL,

BUY and HOLD

GSPL

INDIABULLSREAL

SAIL

POWERGRID

Markets likely to volatile during the session

Keep Watch on Stock Specific Stocks

Corporate Snippets

±  The National Bank for Agriculture and Rural Development sanctioned Rs580mn across the state under the Rural Infrastructure Development Fund (RIDF). (BS)

±  The government said it has sought US$3bn assistance from the World Bank for converting 3,770 km of single lane national highways into double lanes. (ET)

±  Remittance flows to developing countries including India is expected to reach US$325bn by the end of this year and is likely to exceed to US$370bn in two years' time, the World Bank says. (ET)

±  Mining entities would have to share 26 per cent of their profits earned from mining operations with the affected local population in a mining area, as part of a new legislation. (BL)

±  The Railways is planning to spend around Rs2bn for the development of infrastructure in and around Mangalore. (BL)

±  Tea exports from India increased by 5% during the January-September period of the current year to 143.5mn kg. (ET)

Pre Market Ideas

MORNING CALL,

BUY and HOLD

TATAMOTOR at 1270

sl 1261

TARGET 1289,1291

सेन्सेक्स (20932.48) 80.10 अंक चढ्कर, नीफ़्टी (6301.55) 28.35 अंक चढ्कर, बंद..

NEHAINT: trading very strong at 225.70,

HOLD FOR 3 DAYS

DELIVERY FOR

233 AND 255 PLUS 

must buy call

HOT CALL, NEHAINT at 217.40 Target 233 & 255 plus

TRADING STRONG

SAIL; Mahurat buy call trading strong at 197, hold for target

HOLD, TRADING Strong

TATA MOTOR trading strong at 1269.90, HOLD FOR TARGET

RESULT TODAY

Buy Financial Tech at Rs1072 with SL of Rs1064 for target of Rs1090

Pri Market Commentary ..

The Fed has barely started its QE2 campaign and commodity prices are already buzzing with gold crossing $1,400 an ounce and crude trading at a two-year peak. Other commodities too are gaining strength. The dollar recovered, but at the cost of the euro. The common currency came under pressure amid renewed sovereign debt worries.

The war of words continues over currency and trade imbalances ahead of the G-20 summit. US president Obama joined the chorus even as China expressed its displeasure on the latest Fed move.

The principle downward trend of the dollar has not changed. That means risky assets and emerging markets will continue to attract a good chunk of the global flows.

India is no exception. And, with a spate of big-ticket issues lined up, the dollar deluge will persist. Today, we expect a subdued start owing to indecisive global cues. So, the bulls may have to wait a while before lifting the indices to record highs.

Corporate Snippets

±      India and the US are working to jointly set up a US$10bn infrastructure debt fund to finance large road, port and railway projects through public-private partnership. (BS)

±      The government has disbursed agricultural credit of Rs897bn in the quarter ended June — 24% of the target of Rs3.8tn for the financial year. (BS)

±      The Reserve Bank of India has called for ‘clear demarcation’ of responsibilities of various regulatory authorities, even after the government settled for a watered-down version of the proposed Financial Stability and Development Council (FSDC) following its objections. (BS)

±      The state steel and mines department has targeted to renew 150 cases within the next 12 months. (BS)

±       CAG (The Comptroller and Auditor General of India) submits report on 2G auction to finance ministry. (FE)

±      Titan set to add 100 stores in three years. (FE)

±      Timex plans to bring in more luxury brands to India. (FE)

±      Coal India will enter MSCI indices, including the MSCI India, from November 22. (BS)

±       The Company Law Board has allowed IL&FS-owned Maytas Infra to induct on its board four nominees of Saudi Arabia-based real estate company Saudi Bin Ladin Group. (BS)

Pre Market Ideas

BUY TATA MOTORS

BUY TATA STEEL

सेन्सेक्स (20852.38)-152.58 अंक गिरकर, नीफ़्टी (6273.20) -39.25 अंक गिरकर, बंद.

Target achieved in Tata Steel given on Friday Nov 4

BOOK PROFIT

Buy and Hold SAIL for 45days

NEW YEAR CALL