PGCIL is set to float its overseas subsidiary by early next year to tap the opportunities outside the country. (BS)

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Hotel Leela Venture would raise up to US$130mn through a mix of issue of equity shares via QIPs and/or FCCBs. (FE)

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NMDC will offer 332mn shares, constituting 8.38% of its equity, through its follow-on public offering. (BL)

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DLF is likely to complete the sale of DT cinemas to PVR Ltd in a fortnight. (BS)

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FIIs were net sellers in the cash segment on Monday at Rs10bn on a provisional basis. The local funds were net buyers of Rs7.16bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs149mn. As per the SEBI figures, FIIs were net sellers of Rs20.5bn in the cash segment on Friday.

Results Today ...

Adani Enterprises, Adani Power, Aptech, BOB, Bombay Dyeing, Century Textiles, Dabur India, Dewan Housing, DLF, EIH, EMCO, Everonn Systems, FDC, GMDC, HM, Hindustan Oil Exploration, HPCL, Indian Hotels, Ingersoll Rand, Jyothy Labs, Kansai Nerolac, Lanco Infra, Maharashtra Seamless, Nagarjuna Construction, Natco Pharma, NALCO, Orbit Corp., Patel Engineering, PNB, SAIL, Shiv Vani Oil, Torrent Pharma, Trent, Union Bank and Whirlpool India.

Maket Idea ..

Buy OPTO on dips

for target 235

Buy GSPL on dips

Pre Market Commentary ..

Thank God for big mercies! That’s what the bulls may have thought during the Republic Day holiday. The situation, however, does not seem to have improved. Today, we expect a weak start as global cues are indecisive. The SGX Nifty is showing a sharp fall. The F&O expiry and uncertainty all around will only add to the volatility.

The events to keep an eye on for the coming days include today’s Fed announcement, the RBI policy meeting on Friday and of course the spate of earnings.

Though the Nifty has managed to stay above 5000 in the face of the sudden worsening of sentiment, the bulls have been at the receiving end following the recent selloff.

The Nifty could rebound from 4930-4950 levels and 5000 remains a critical level to watch. If the selling persists a bit more, the Nifty could fall as low as 4840. On the way up, resistance is expected to kick in at around 5120.

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JAI HIND!! Market will remain close today on account of republic day.

NORTHPOLE TEAM
WISH YOU ALL
JAI HIND!!

सेन्सेक्स (16780.46) -79.46 अंक गिरकर, नीफ़्टी (5007.90) -28.10 -28.10 अंक गिरकर, बंद..

our BOTH call on FIREeeeeeeeeeeeeeee

WATCH..

NMDC at 543

HIND COPPER at 642

BUY BOTH for more MONEY!!

Market Ideas ..

Buy ITC on decline
for delivery.

Buy RIL
for target of 1250.

Sector Watch: Auto

Sector Avoid: Tea Sector

Nifty important levels AS PER CHART!!

Nifty 4973/4941 is the major support.

if it brecks then 4730-4800

Upside target above 5081/5130

5230-5300

Shipping ministry is evaluating the disinvestment process in SCI and Dredging Corp of India and will take a final call on the issue early-next fiscal.

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GMR Hyderabad to provide MRO services for Jet Airways. (BL)

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FIIs were net sellers in the cash segment on Friday at Rs24.15bn on a provisional basis. The local funds were net buyers of Rs19.54bn, according to figures published on the NSE's web site. As per the SEBI figures, FIIs were net sellers of Rs5.7bn in the cash segment on Thursday.

Results Today ...

Andhra Bank, Blue Star, Cadila Healthcare, Cummins India, DB Corp., GSK Consumer, Godrej Ind, Gujarat Alkalies, GSPL, HCL Info, HCL Tech, Hero Honda, Hindalco, Hotel Leela, India Cements, Indiabulls Fin, Indiabulls Sec, Jet Airways, KEC Intnl, LMW, LIC Housing, M&M, Pantaloon, Power Grid Cop., SBI, Shyam Tele, Sterlite, TTML, TV Today, Voltas and Wockhardt.

Market Commentary ...

While main indices are coming crashing down, there are a number of mid-caps which have been moving higher, some even hitting upper circuits. We expect a soft start for the key indices. Friday's commendable recovery in the face of a worldwide sell-off could be tested at start following yet another triple-digit loss for the Dow.What could possibly save the bulls from further misery would be stronger than expected earnings announced from the likes of RIL, Maruti and ITC. Hopefully, other big results this week will not let the market down.

On the flip side the market will have to contend with a deluge of earnings, the F&O expiry and the RBI policy. The market will be shut on Tuesday on account of Republic Day.

As far as India is concerned, the RBI is most likely to opt for a calibrated hike in policy rates even as the Government mulls partial rollback of duty cuts.

M&M is expected to report 84.8% jump in sales and 362% jump in PAT. Hero Honda is expected to register 31.7% rise in sales and 69.8% jump in PAT.