Tuesday, April 20, 2010
Hold : India Info for target Rs117 and 124 plus
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GAIL : Our delivery call trading strong -upby 5% this morning,...
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Delivery Call .. BUY AND HOLD - 365 DAYS
Zee Entertainment
could remain in focus
on market
buzz of a bonus.
Company Results to be declared today April 20th 2010
FIIs were net sellers of Rs7.55bn on Monday on a provisional basis. Local funds were net buyers at Rs5.7bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers of Rs1.48bn. On Friday, FIIs were net buyers of Rs3.64bn in the cash segment, as per the SEBI web site.
Corporate Snippets
L&T to bid for airport projects in West Asia. (BL)
ArcelorMittal in talks with Delhi-based Ferro Alloys Corporation (Facor) for a strategic stake. (BS)
BHEL has bagged contract of Rs63bn from Raichur Power Corporation Ltd’s for setting up a 1,600 mw supercritical power plant in Karnataka. (FE)
GMR group is planning to raise an additional US$100mn from a group of private equity companies, led by Singapore-based Temasek Holdings, to fund its expansion plans. (BS)
Siemens to invest Rs5bn for wind turbine manufacturing facility in Gujarat. (BS)
Bajaj Auto has increased its stake in Austrian power bike maker KTM further to 35.7% from present 31.9%. (FE)
Cipla has developed three low-cost generic medicines to treat blood pressure, allergic rhinitis and control excessive bleeding in women during delivery. (BS)
ArcelorMittal in talks with Delhi-based Ferro Alloys Corporation (Facor) for a strategic stake. (BS)
BHEL has bagged contract of Rs63bn from Raichur Power Corporation Ltd’s for setting up a 1,600 mw supercritical power plant in Karnataka. (FE)
GMR group is planning to raise an additional US$100mn from a group of private equity companies, led by Singapore-based Temasek Holdings, to fund its expansion plans. (BS)
Siemens to invest Rs5bn for wind turbine manufacturing facility in Gujarat. (BS)
Bajaj Auto has increased its stake in Austrian power bike maker KTM further to 35.7% from present 31.9%. (FE)
Cipla has developed three low-cost generic medicines to treat blood pressure, allergic rhinitis and control excessive bleeding in women during delivery. (BS)
Pre Market Commentary ...
Today, we expect a flat to slightly positive start. Overall, things will be volatile with a possibility of a higher finish if the RBI doesn't spring a nasty surprise and there is no fresh external shock.
Quarterly numbers, global events and of course the RBI’s annual policy will keep the Indian market on tenterhooks. Can the market find some peace of mind? The spotlight will be on banks as the RBI is all set to raise rates (and perhaps even CRR) to tame inflation. The central bank’s commentary will have a bearing on sentiment. But, the fact that the markets have already discounted rate hikes and the key indices have come off the two-year highs could lead to a bounce back.
The Goldman Sachs shock appears to have eased a bit for the time being. The focus will be on the Wall Street titan’s results later today. Citigroup shares rallied after posting strong earnings. But IBM shares are down despite stellar set of numbers.
The IT space will be in focus back home after TCS came out with better-than-expected Q4 results. Liquidity is a key variable and one needs to keep a close watch on fund flows.
Monday, April 19, 2010
European markets are trading flat in opening trades
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Sell Airlines stock [Kingfisher] = Buy Hotels [Taj GVK]
Sector Watch :
Hotel
Sector Avoid:
Auto, Bank, Realty & Infra
Company Results to be Declared on April 19th 2010
| Betala Global | Elango Inds | Jay Bharat Marut |
| Cera Sanitary | ETC Networks | Midas Pharma |
| Concurrent India | Firstobject Tech | Modern Steel |
| Dairyfield | Hero Honda | Money Matters |
| National Plyw | Sonata Soft | Shree Digvijay |
| Sesa Goa | Super Crop | SHREEGANESH |
| TCS | ||
FII Movements ..
FIIs were net buyers of Rs2.43bn on Friday on a provisional basis. Local funds were net sellers at Rs1.89bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers of Rs10.95bn. On Thursday, FIIs were net buyers of Rs3.43bn in the cash segment, as per the SEBI web site.
Pre Market Commentary ...
Not too long ago, levels of 5400 and 5500 were almost a given for the Nifty. In a matter of few days the situation seems to have turned a little worse for the bulls. In fact, the Nifty is all set to lose its grip over 5200, at least at the start. Whether it is able to reclaim 5200 by the close will hinge on the newsflow and today's results.
Overall, the mood will be one of caution ahead of the RBI annual policy meet tomorrow. Consensus forecast is for a 25 bps hike in key policy rates and a 50 bps increase in the CRR. The RBI’s commentary will be keenly followed for gauging the mood on Mint Street. The Goldman Sachs issues and its broader fallout will also vie for attention. Usually, stocks where there is a holdings could see knee-jerk reactions.
Though inflation didn’t cross 10% in March, food inflation is near 18% and non-food prices are threatening to spike as well. Monsoon will critical this year after last year’s near disaster. How the world economy does over the next few months will have a bearing on sentiment. Also important will be the trend in fund flows and movement in other markets like currency and commodities. Earnings upgrades or downgrades will also play a crucial role so will Government's policy decisions, if any.
Airlines may remain under pressure as air travel globally remains disrupted due to the volcanic eruption in Iceland. Financials will be in focus ahead of the RBI announcement and also partly owing to the Goldman Sachs imbroglio. IPL-linked stocks may come under the spotlight amid more startling revelations on the alleged big scam.
Corporate Snippets
GVK Energy to raise US$250mn for power, coal mining assets. (BL)
Vedanta sets sights on Anglo’s zinc business worth US$1bn. (ET)
L&T plans to set up power plant in Jharkhand. (BS)
Reliance Industries picks stake in logistics firm Deccan 360. (BL)
Mahindra & Mahindra will buy out Renault's 49% stake in the five-year-old JV which produces the Logan at Nashik, Maharashtra. (BL)
Dr Reddy’s Lab recalls antipsychotic drug in US. (ET)
Chennai Petroleum Corp has put on hold its plans for setting up a 15mn tonnes per annum refinery at Ennore. (BL)
JSW Energy will acquire a majority stake in South African Coal Mining Holding for about US$85mn besides making an open offer to the minority shareholders. (BL)
Vedanta sets sights on Anglo’s zinc business worth US$1bn. (ET)
L&T plans to set up power plant in Jharkhand. (BS)
Reliance Industries picks stake in logistics firm Deccan 360. (BL)
Mahindra & Mahindra will buy out Renault's 49% stake in the five-year-old JV which produces the Logan at Nashik, Maharashtra. (BL)
Dr Reddy’s Lab recalls antipsychotic drug in US. (ET)
Chennai Petroleum Corp has put on hold its plans for setting up a 15mn tonnes per annum refinery at Ennore. (BL)
JSW Energy will acquire a majority stake in South African Coal Mining Holding for about US$85mn besides making an open offer to the minority shareholders. (BL)
Reliance Industries picks stake in logistics firm Deccan 360. (BL)
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Friday, April 16, 2010
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