सेन्सेक्स (17472.56) 11.98 अंक चढ्कर, नीफ़्टी (5244.90) 14.80 अंक चढ्कर, बंद..

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European markets update: FTSE and CAC Index up 0.2% and DAX Index up 0.3%

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SCI............SCI

Buy and HOLD SCI

for target 177 and plus

Delivery Call .. BUY AND HOLD

RIL FOR TARGET 1100 +++

RDB: Our delivery call trading strong, HOLD FOR next delivery target 177 and 200

HOLD 90 DAYS FD

Results Today:

 HCL Tech, Hindustan Zinc,

Infotech Enterprises, 

Polaris Software, TVS Motor, 

United Spirits 

and Zee News.

Company Results to be declared today April 21st 2010

Company Results for April 21st 2010
Aries Agro	Essar Sec	Infotech Enter	STC
Bio Green Inds	Foseco India	Pan Electronics	Transchem
Can Fin Homes	HCL Tech	Pennar Inds	TVS Motor
Concurrent India	Hindustan Zinc	Polaris Soft	United Spirits
Zee News

All Swing CALLS.. with strict stop loss

BUY AND HOLD FOR NEXT 3 WEEKS

Buy Rajasthan bank ltd (77) with stop loss Rs 75 target Rs 78, 79

Buy Icici bank ltd (933) with stop loss RS 928 target Rs 938, 940

Buy Hindalco Industries Ltd. (181.70) with stop loss Rs 180 target Rs 183, 184

Buy Finolex Inds (69.20) WITH STOP LOSS RS 67 TARGET Rs 70, 71

Buy Hindustan copper (528.10) with stop loss Rs 520 target Rs 532, 535

INDIAINFO AND RIL LEVEL ALREADY GIVEN

TCS

TCS slipped sharply after opening with smart gains, the stock erased all its early gains and ended lower by 2.8% at Rs790. The company reported its consolidated financial results according to Indian GAAP for the quarter and financial year ended March 2010.
For the fourth quarter ended 31st March 2010, net profit stood at Rs20.01bn up 50.1% YoY and 9.7% QoQ. The revenue stood at Rs77.38bn up 7.9% YoY and 1.17% QoQ. The operating profit stood at Rs21.65bn up by 29.1% YoY. For the financial year ended 31st March 2010, net profit stood at Rs70.01bn up 33% and operating profit stood at Rs80.18bn up by 21.91%.

Sesa Goa

Shares of Sesa Goa also pared their intra-day gains and ended lower by 0.6%% at Rs456 after the company posted a net profit of Rs9.6bn for the quarter ended March 31, 2010 where as the same was at Rs5.2bn for the quarter ended March 31, 2009. Total Income is Rs19.8bn for the quarter ended March 31, 2010 where as the same was at Rs14.08bn for the quarter ended March 31, 2010

GAIL

Shares of GAIL India shot up by over 5% to end at Rs425 after reports stated that the petroleum and natural gas regulator proposed pipeline tariff revisions. The scrip opened at Rs412 it touched an intra-day high of Rs459 and a low of Rs412 and recorded volumes of over 1.5mn shares on BSE.

FIIs were net sellers of Rs1.56bn on Tuesday on a provisional basis. Local funds were net buyers of Rs1bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers of Rs560.8mn. On Monday, FIIs were net sellers of Rs4.75bn in the cash segment, as per the SEBI web site.

Pre Market Ideas

BUY and HOLD 

HINDUSTAN COPPER

BUYand HOLD

ICICI BANK

Corporate Snippets

TCS plans to hire about 3,000 people in FY11 across its global delivery centers to bring onsite support to its clients. (FE)
Suzlon Energy’s subsidiary, REpower Systems AG, bagged a contract for supply of 44 wind turbines for a project in Turkey. (FE)

Japanese drug major Daiichi Sankyo, which owns 63.9% in Ranbaxy, failed to convert the warrants issued by the latter into shares during the stipulated 18-month period. (BS)

Maruti Suzuki crossed the milestone of rolling out 0.3mn K-Series engines, its latest generation engine which powers new models, including A Star, Swift, Swift Dzire and Ritz. (ET)

International Finance Corporation plans to invest US$75mn (Rs3.3bn) in IDFC to make investments in renewable energy as well as cleaner production and energy-efficiency projects across the country. (BS)

Procter & Gamble’s biggest bet on a new diaper in 25 years has run afoul of some parents who say their babies suffered rashes and burns after using them. (BS)

Pre Market Commentary ...

The RBI never fails to surprise. Just when the markets feared an all-out assault on inflation comes an unexpectedly dovish policy action. However, the policy document itself points to several pressure points – like the spike in non-food inflation, volatile crude oil prices and fiscal deficit. That means there is a chance of some inter-meeting action if the need arises. Monsoon of course remains the joker in the pack along with the global factors. 

The immediate concern is some tapering off in FII inflows. In addition, we have a long road ahead as far as earnings are concerned. Technically too, the key indices are facing some resistance. So, it makes sense to stay a little guarded in the near term although the medium-to long-term looks promising. Today we expect a follow-through rally at the start. Things might turn choppy and rangebound depending on the results and other newsflow. Stick to stock centric action and do proper due diligence to avoid any major heartburn

सेन्सेक्स (17460.58) 59.90 अंक चढ्कर, नीफ़्टी (5230.10) 26.45 अंक चढ्कर, बंद..

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European markets update: FTSE and CAC Index up 0.5% each and DAX Index up 0.6%

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SINTEX : Our Delivery CALL TRADING STRONG at 320

HOLD

RBI to issue finance compensation guidelines by june

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RBI raises CRR, Repo and reverse Repo ratre by 25bps each

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Hold : India Info for target Rs117 and 124 plus

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