Results Today:

Hindalco, Infinite Computers, NDTV, Plethico Pharma, Punj Lloyd, Spice Moblie, Swaraj Engines, Uflex and Welspun India.

FIIs were net buyers of Rs7.28bn in the cash segment on Monday (provisionally), according to the NSE web site. Local funds were net sellers of Rs1.7bn. In the F&O segment, they were net buyers at Rs18.58bn. On Friday, the FIIs were net buyers of Rs10.4bn in the cash segment. Mutual Funds were net sellers at Rs1.73bn on the same day.

Market to open 

flat to GREEN

Small-Mid Cap stocks

may in lime light

Pre Market Ideas

MORNING CALL,
Buy and hold
Hind Zinc 1021
sl 1008
target Rs 1030, 1035

Corporate Snippets

L&T has secured an order worth Rs65bn from Jaiprakash Power Ventures for a 1,980MW power plant in Uttar Pradesh. (ET)

BHEL expects to outstrip its revenue target for 2012 and become an Rs500bn company. (BL)

Tata Steel has suspended work on Mount Nimba, West Africa’s largest iron ore deposit due to an environmental report from United Nations Educational, Scientific and Cultural Organisation. (BS)

The Lok Sabha passed the State Bank of India (Amendment) Bill 2010, which seeks to, among other things, reduce the statutory minimum shareholding of the Central Government in the bank to 51% from the current level of 55%. (BL)

Emaar MGF Land plans to cut its initial public offering (IPO) to about Rs20bn, half the size it announced earlier this year. (BS)

सेन्सेक्स (18081.21) 212.92 अंक चढ्कर, नीफ़्टी (5431.65) 64.05 अंक चढ्कर, बंद..

Gold Call: Buy Era Infra at Rs217.50 with SL of Rs212 for target of Rs235

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High Risk Trader Buy & hold KarurVyasya Bank Ltd at Rs607 with SL of Rs595 for Target of Rs631.5

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European markets update: FTSE Index up 1.5%, CAC Index up 1.6% and DAX Index up 1.4%

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Buy & Hold Gitanjali Gems at Rs171 with SL of Rs168 for Target of Rs177

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INTRADAY CALL,

Second target achieved in 
RIIL 919

BANG ON TARGET

First target achieved in 

RIIL 892

Low risk high reward:

Buy and Hold

RIIL at Rs865-868 with 

SL of Rs855 for

target of Rs888, 910

Our Technical call:

Buy and hold

Federal Mogul Goetze at Rs149.50

for delivery

target of Rs175

INTRADAY CALL,

  Buy & hold 

PFC at Rs322 with 

SL of Rs316 for 

Target of Rs334

DELIVARY CALL,

BUY and HOLD

ICICIBANK at 930

sl 900

Target 975,981

HOLD FOR 30 DAYS

Results Today:

Apar Industries, Gail India, GSK Consumer, Gulf Oil, India Cements, Madras Cements, Nestle India and NMDC.

FIIs were net buyers of Rs2.11bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs1.3bn. In the F&O segment, they were net buyers at Rs18.66bn. On Thursday, the FIIs were net buyers of Rs44.38bn in the cash segment. Mutual Funds were net sellers at Rs6.36bn on the same day.

Pre Market Ideas

MORNING CALL,
BUY and HOLD
RANBAXY at 449
sl 441
TARGET 457,459

Corporate Snippets

Tata Motors reported a 41% increase in vehicle sales to 67,799 units in July, 2010, compared to 48,054 units in the same month of the previous year. (BS)

TVS Motor sales increased by 35% to 1,63,106 units in July, 2010 as compared to 1,20,944 units in previous year. (BS)

Maruti Suzuki plans to launch CNG version of Alto, Estilo, WagonR, Eeco and SX4 in a single day in the second week of next month. (BS)

Ashok Leyland is planning to invest around Rs20bn over the next two years, both at its existing plants and in joint ventures. (BS)

Ashok Leyland entered into an agreement with UK-based bus manufacturer Optare to acquire a 26% stake for a consideration of US$7.5mn. (BS)