On weekly charts, the prices are trading near the lower end of a long term trendline support. In last one year, prices have formed a complex corrective pattern and the wave counts indicate end of a corrective leg near the recent lows. Prices in last few days have been consolidating in a narrow range and breakout from the consolidation zone could lead to sharp pullback. Looking at above evidences, we believe the stock could move higher and retrace the recent corrective leg.
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Tuesday, August 4, 2015
FII Activity & Nifty View
FII Activity & Nifty View :
Yesterday, FII's were net buyers in cash market of worth Rs. 350 crores. Whereas, in Index Futures, their activity was quite, they sold of Rs 188 crores with fall in open interest, suggesting long unwinding in last trading session.
In Index options front, FIIs were net buyer of Rs. 588 crores with rise in open interest. PCR-OI increased with rise in IV’s which indicates buying in
put options. We saw decent amount of buildup in deep out the money call options of 9000 strike. Whereas, in put options, 8200 and 8500 strikes added some open interest. Maximum buildup in current series in seen in 9000 call and 8200 put
options.
Seeing the overall data, we believe Nifty may strengthen from current levels, as too many long are in system. We are hardly seeing selling in Index Futures, in fact FII’s had formed reasonable fresh longs last week. We suggest to trade with positive
bias in market.
Market update
Market Update:
Sgx Nifty -6 pts
Dow -91.66 pts ,Nsdq -12.90 pts , S&P -5.80 pts ,Bovespa -726 pts, Ftse -7 pts , Dax +134 pts, Cac +37 pts, Nikkei -51 pts , now, Crude @ $45.47/brl (+0.30), Brent @ $49.87 (+0.35) , Gold @ $1083.00 (-6.40), Silver @ $14.44 (-0.07), Euro @ $1.0935, JPY @ $124.0700, INR @ $64.0437
Indian Adr/Gdr
Infy:+0.30%, Wit: -0.73%
Ttm:+0.07%, Rdy:+1.32%
Hdb:+0.80%, Ibn:+3.08%
SBID:+7.84%, RIGD:+0.05%
Topay's Key Result
4th Aug
Bharti Artl(Cog Cons Est Net 1401cr +26% Yoy Res Time-After Mkt)
Astra Zen,Britania,Capital First,Dion Global,Eid Parry,EIH ltd,Future Life, Godrej Prop,Grindwell Nort,Hexaware, Hinduja Ven,Jayshree Tea,Jk Tyre,Kesar Ent,MM Forg,M ultibase,Noida Toll, Peninsula Land,Sundaram Clay,Tamil Petro,Torrent Pow,Tv Today
Today's Data Alert
4th Aug
Rbi Monetary Policy
Exp Interest Rate - Unchanged
srcs Cogencis
Monday, August 3, 2015
Reliance Industries buy
Buy Reliance Industries at 1009 - 1003 Target 1080 Stop Loss 970 (14 - 21 Sessions)
Justification:
On June 18, 2015, the stock has given breakout from the ‘Inverse Head & Shoulder’ pattern in the daily chart with noticeable volumes. Then after, the stock rallied sharply to make a new 52 week high of `1067.85. From last few trading sessions, we are witnessing corrective price action in the stock, which is now taking support around the 38.20% retracement level of the upmove from `873.65 to `1067.85. Today, we are observing bullish move in the stock after the formation of couple of ‘Doji’ candles around the support zone. Since the momentum oscillator is placed positively, we are expecting the counter to cross recent highs.
Times Business Standard
Ø 'Sebi will not change rules on P-notes in a hurry'
Ø Birla Group bets big on disruptive ideas, lines up $10 million investment corpus
Ø LIC nets 15% gains from equity play at Rs 24,373 cr in FY15
Ø UTI MF crosses Rs 1-trillion mark; eyes leadership slots
Ø USFDA import alert on some Himalaya Drug Co prods
Ø India's CAD likely to widen in June quarter: DBS
Ø Top 10 FPIs' stake in Indian equities at Rs 1.8 lakh crore
Ø Competition Commission set for sweeping powers under IFC
Ø Govt announces highway projects worth $93 bn to woo investors
Ø Govt may import 210 mn tonnes of coal in 2015-16
Ø Power sector players bet on acquisition of stressed assets
Ø Nokia set to roll out MTNL network expansion plan
Business Line
Mint
Ø EPFO to start investing in equity markets through ETFs on August 6
Ø Henkel brands giving Jyothy Labs a leg up
Ø ITC chief hits out at anti-tobacco lobby, says taxes hurting
Ø Emirates looks to buy 70 wide-body planes to replace aging aircraft
Ø CBDT notifies ITR forms for companies, firms
Ø RBI may opt for status quo on policy rate
Ø Maruti Suzuki sales jump 22% in July
Ø Short term reprieve for public sector banks
Ø Hero MotoCorp sales fall 7.97% in July
Ø Hong Kong fines SBI for anti money-laundering lapses
Ø Parliament panel pitches for regulations for mobile towers
Financial Express
Financial Chronicle
Ø Eyes on banks as Greek stock exchange to reopen
Ø Drop spectrum caps in new sharing guidelines: Airtel
Ø Bharti Airtel to add 1,000 company owned stores by December
Ø Not enamoured by size of corporates committing crimes: Sebi's U K Sinha
Ø Tata Coffee eyes premium specialty coffee player tag
Ø GST a Cong Bill, party's negativism hurting economy: Jaitley
Ø FIs keen on India, need policy stability: Rothschild
Ø Bring brand ambassadors under consumer law: CAIT
Ø Insurers now offer covers for Ayush treatments too
Ø GREX offers trading platform for unlisted firms, startups
Ø Magma Fincorp reports 2% rise in Q1 profit
Market Update
Sgx Nifty +13 pts
Dow -56.12 pts ,Nsdq +0.50 pts , S&P -4.79 pts ,Bovespa +967 pts, Ftse +27 pts , Dax +51 pts, Cac +36 pts, Nikkei -70 pts , now, Crude @ $46.83/brl (-0.29), Brent @ $51.81 (-0.40) , Gold @ $1092.50 (-2.60), Silver @ $14.10 (-0.05), Euro @ $1.0976, JPY @ $124.0800, INR @ $64.1362
Indian Adr/Gdr
Infy: -0.24%, Wit:+0.82%
Ttm:+0.75%, Rdy:+3.79%
Hdb:+1.17%, Ibn:+4.90%
SBID:
Topay's Key Result
3rd Aug
Hcl Tech(Cog Cons Est Net 1819cr -1% Yoy)
Hero Mot(Cog Est Net 682cr +11% Yoy)
3m India,Aban Off,Adlab, Atul Auto,Berger Paint,Bgr Energy, Bharat Forge, Ibrealest,Indo Count,Lkp Fin,Mcleod Rus,Mro-Tek, Nitco,Styro Abs, Talbros, Tnpl,Vesuvius,V-Guard, Williamsom Mag
Friday, July 31, 2015
Friday, February 13, 2015
12-Feb: Prov Cash
12-Feb: Prov Cash: Rs.crs:
FIIs: -406.28 (4296.42-4702.70)
DIIs: +705.53 (2143.62-1438.09)
Cash Vol: 22769 vs 19997, +14%
F&O Vol: 216248 vs 186029, +14%
FIIs F&O: Rs.crs:
# Net SELL -687
Indxfu -619
Indxop +152
Stkfut -214
Stkopt -5
Wednesday, August 22, 2012
Buy MCXSX/NSE USDINR Aug
Momentum Call: Buy
MCXSX/NghSE USDINR Aug between 55.45 - 55.47, SL - 55.37, Target - 55.59
(CMP:55.47)
Buy SUNPHARMA INTRADAY CALL
INTRADAY
CALL ( NSE CASH ) Buy SUNPHARMA @ 672.00
- 673.00 Stop-Loss @ 666.00 Tgt 686.00
BUY JETAIRWAYS
Call for
Day Traders ( NSE Cash ) BUY JET AIRWAYS @ 385.25 - 384.25 Stop-Loss @ 379.90
Tgt 395.00
Monday, June 25, 2012
Dr Reddys Laboratories Allots Equity Shares
The Committee of 23 June 2012 Dr Reddys Laboratories has
60,526 shares in the capital of Rs 5 each under the Employee stock option plans
Dr. Reddy, 2002 and 6569 shares in the capital of Rs 5 every underlying
reactions 6569 under Dr. Reddy ADR scheme employees Stock Option, 2007 to a
number of employees for exercising their stock options.
Thursday, June 21, 2012
POSITIONAL CALL BUY TVS MOTER
POSITIONAL CALL: BUY (532343) TVS MOTER @ 33.50-33.90
STOP-LOSS @ 31.40 TARGET(1) 36.40 TARGET(2) 38.20 FOR 3-4 TRADING SESSIONS
Thursday, May 24, 2012
BTST CALL NIFTY MAY FUT BUY
BTST
CALL NIFTY MAY FUT BUY ABOVE @ 4895-4905 STOP-LOSS @ 4878.30 TARGET 4960
BUY RPOWER
INTRADAY CALL : BUY (532939) RPOWER @ 94.05-94.20 STOP-LOSS
@ 92.10 TARGET(1) 97.20 TARGET(2) 101.10
BUYJAICORP
POSITIONAL CALL: BUY (512237) JAICORP @ 59.30-59.90
STOP-LOSS @ 55.40 TARGET(1) 65.40
TARGET(2) 67.20 FOR 3-4 TRADING SESSIONS
BUY CENTRAL BANK
POSITIONAL CALL: BUY (532885) CENTRAL BANK @ 73.80-74.20
STOP-LOSS @ 71.60 TARGET(1) 76.90
TARGET(2) 79.20 FOR 5-6 TRADING SESSIONS
JETAIRWAYS SELL
INTRADAY CALL : SELL (532617) JETAIRWAYS @ 321.85-322.50
STOP-LOSS @ 325.40 TARGET(1) 316.40
TARGET(2) 311.20
Wednesday, May 23, 2012
nifty resistance level 23/05/2012
Nifty (May fut.) 4822 Open High has been registered in Nifty fut. @ 4827.70 level ; hence upside momentum may only commence above 4830 levels upto the initial resistance level of 4865. Wherein 4800 /4780 levels may provide support in todays trading session. Support levels intact at 4800 /4780 & Resistance levels at 4830 /4865 /4890 for todays trading session.
INTRADAY CALL BUY BHEL
INTRADAY CALL : BUY (500103) BHEL @ 208 -208.90 STOP-LOSS
@ 25.60 TARGET(1) 215.50 TARGET(2) 218.40
INTRADAY CALL BUY DLF
INTRADAY CALL : BUY (532868) DLF @ 184.00-184.60 STOP-LOSS
@ 182.60 TARGET(1)187.50 TARGET(2)188.90
Tuesday, May 22, 2012
INTRADAY CALL SELL EDUCOMP
INTRADAY CALL : SELL (532696) EDUCOMP @ 155.40 -155.80 STOP-LOSS @ 157.20 TARGET(1) 152.80 TARGET(2) 150.30
INTRADAY CALL BUY PFC
INTRADAY CALL : BUY (532810) PFC @ 151.50 -152 STOP-LOSS
@ 148.60 TARGET(1) 155.40 TARGET(2) 158.20
Monday, May 21, 2012
INTRADAY CALL POWER GRID
Tuesday, May 15, 2012
INTRADAY CALL SELL LNT
INTRADAY CALL : SELL (500511) LNT @ 1212 -1213 STOP-LOSS @
1226 TARGET(1) 1195.50 TARGET(2) 1183.10
Monday, May 14, 2012
POSITIONAL CALL: BUY MANAPFIN
POSITIONAL CALL: BUY (531213) MANAPFIN @ 24 -24.60 STOP-LOSS
@ 20.60 TARGET(1) 29.50 TARGET(2) 32.20 FOR
5-6 TRADING SESSIOS
INTRADAY CALL JAINIRRIG
INTRADAY CALL : BUY (500219) JAINIRRIG @ 78 -78.90 STOP-LOSS
@ 75.60 TARGET(1) 81.50 TARGET(2) 83.20
INTRADAY CALL RELIANCE CAPITAL
INTRADAY CALL : BUY (500111) RELIANCE CAPITAL @ 291 -292
STOP-LOSS @ 288 TARGET(1) 296 TARGET(2) 399
Thursday, January 5, 2012
FII DATA 05/01/2012
Net Index Futures (-149), Net Stock Futures (52), Derivative Market: Total Open Interest (Rs 94,635 cr), Stock Futures Open Interest (Rs 24,815 cr)
Stocks that are in BAN Period as on 05-01-2012
Stocks that are in BAN Period as on 05-01-2012
1) GITANJALI
2) RUCHISOYA
Monday, December 26, 2011
Stocks that are in BAN Period 26/12/2011
Stocks that are in BAN Period as on 26-12-2011 are
1) ABGSHIP
2) GITANJALI
3) RUCHISOYA
Global Markets 26/12/2011
DJIA Up 124.4 (1.0%) NSDQ Up 19.2 (0.7%) FTSE 100 Up 55.7 (1.0%) Asian Markets as on 8.45 AM NIKKEI Down 64.8 (0.77%) HANG SENG Up 250.9 (1.37%) SGX NIFTY Up 6.
FII Data 26/12/2011
Net Index Futures (79), Net Stock Futures (-101), Derivative Market: Total Open Interest (Rs 1,38,800 cr), Stock Futures Open Interest (Rs 28,822 cr)
INDIAN ADRS UPDATE 26/12/2011
INFOSYS Up 0.1 (0.2%), WIPRO Up 0.2 (1.6%), ICICI BANK Up 0.0 (0.0%), HDFC BANK Up 0.1 (0.3%)
Friday, December 23, 2011
Buy PANTALOON 23/12/2011
Positional Call 4-5 days Buy PANTALOON 140.00 - 141.00 Stop-Loss 134.00 Tgt 154.00
Global Markets Update 23/12/2011
DJIA Up 61.9 (0.5%) NSDQ Up 21.5 (0.8%) FTSE 100 Up 67.2 (1.3%) Asian Markets as on 8.45 AM NIKKEI Down 64.8 (0.77%) HANG SENG Up 202.6 (1.1%) SGX NIFTY Up 21.
Stocks that are in BAN Period as on 23-12-2011
Stocks that are in BAN Period as on 23-12-2011 are;
1) ABGSHIP
2) GITANJALI
3) RUCHISOYA
FII Data 23/12/2011
Net Index Futures (289), Net Stock Futures (-332), Derivative Market: Total Open Interest (Rs 1,36,837.10 cr), Stock Futures Open Interest (Rs 28,149 cr)
INDIAN ADRS UPDATE 23/12/2011
INFOSYS Up 1.7 (3.5%), WIPRO Up 0.2 (1.6%), ICICI BANK Up 1.2 (4.5%), HDFC BANK Up 0.2 (0.9%)
Thursday, December 22, 2011
Stocks that are in BAN Period as on 22/12/2011
Stocks that are in BAN Period as on 22-12-2011
1) ABAN
2) ABGSHIP
3) GITANJALI
4) PUNJLLOYD
5) RUCHISOYA
FII DATA 22/12/12
Net Index Futures (1494), Net Stock Futures (68), Derivative Market: Total Open Interest (Rs 1,34,156 cr), Stock Futures Open Interest (Rs 27,037 cr)
Indian ADRs Update 22/12/2011
INFOSYS Down 2.1 (4.1%), WIPRO Down 0.1 (0.5%), ICICI BANK Up 0.7 (2.7%), HDFC BANK Up 0.3 (1.2%)
Global Markets update 22/12/2011
DJIA Up 4.2 (0.0%) NSDQ Down 25.8 (1.0%) FTSE 100 Down 29.9 (0.6%) Asian Markets as on 8.45 AM NIKKEI Down 52.6 (0.62%) HANG SENG Down 118.5 (0.64%) SGX NIFTY Down 44.50.
Wednesday, December 21, 2011
BUY BhartiAirtel 21/12/2011
Momentum Call in F&O: BUY BhartiAirtel (DEC Futs) @ 333.00 - 331.50 Stop-Loss @ 328.30 Target 350.00
Global Markets Update 21/12/2011
DJIA Up 337.3 (2.9%) NSDQ Up 80.6 (3.2%) FTSE 100 Up 54.6 (1.0%) Asian Markets as on 8.45 AM NIKKEI Up 112.1 (1.34%) HANG SENG Up 274.2 (1.52%) SGX NIFTY Up 88.
FII Data 21/12/2011
Net Index Futures (291), Net Stock Futures (-197), Derivative Market: Total Open Interest (Rs 1,33,509.20 cr), Stock Futures Open Interest (Rs25,446.60 cr)
INDIAN ADRS UPDATE 21/12/2011
INFOSYS Up 2.1 (4.2%), WIPRO Up 0.2 (2.0%), ICICI BANK Up 0.8 (3.3%), HDFC BANK Up 0.9 (3.6%)
Tuesday, December 20, 2011
Global Markets update 20/12/2011
DJIA Down 100.1 (0.8%) NSDQ Down 32.2 (1.3%) FTSE 100 Down 22.4 (0.4%) Asian Markets as on 8.45 AM NIKKEI Up 54.0 (0.65%) HANG SENG Up 67.0 (0.38%) SGX NIFTY Up 7.5.
FII DATA 20/12/2011
Net Index Futures (-1007), Net Stock Futures (-28), Derivative Market: Total Open Interest (Rs 1,31,445 cr), Stock Futures Open Interest (Rs 25,736 cr)
INDIAN ADRS UPDETE 20/2011
INFOSYS Down 1.0 (1.9%), WIPRO Down 0.4 (3.8%), ICICI BANK Down 0.9 (3.6%), HDFC BANK Down 0.5 (1.8%)
Monday, December 19, 2011
STORT TERM CALL BUY :(532532)JPASSOCIATES19/12/2011
STORT TERM CALL BUY :(532532)JPASSOCIATES 58.10-58.40 STOP-LOSS 56.80
1TGT 59.50 2TGT 61.20
1TGT 59.50 2TGT 61.20
Friday, December 16, 2011
Global Markets update 16/12/2011
DJIA Up 45.3 (0.4%) NSDQ Up 1.7 (0.1%) FTSE 100 Up 34.1 (0.6%) Asian Markets as on 8.45 AM NIKKEI Up 25 (0.3%) HANG SENG Up 87 (0.48%) SGX NIFTY Down 4.
Indian ADRs Update 16/12/2011
INFOSYS Up 0.3 (0.5%), WIPRO Up 0.0 (0.1%), ICICI BANK Up 0.1 (0.4%), HDFC BANK Up 0.1 (0.5%)
FII Data 16/12/2011
Net Index Futures (-699), Net Stock Futures (-6), Derivative Market: Total Open Interest (Rs 1,28,877.70 cr), Stock Futures Open Interest (Rs 26,156.46 cr)
Thursday, December 15, 2011
Closing Technical Outlook for Nifty fut 15/12/2011
Sharp momentum has been witnessed once nifty fut. broke out of the range of 4735-4685. Going forward momentum on the downside is likely to resume once below 4685 levels. Whereas a close above 4825 level will unfold higher targets in the coming session. Resistance levels at 4774 /4825 & Support levels at 4685 /4635 for coming trading session.
Tuesday, June 21, 2011
BANKNIFTY FOR SUPPORT 21/04/2011
BANKNIFTY (2nd Resistance) 10783.57
(1st Resistance) 10642.98
Pivot point 10489.42
(1st Support) 10348.83
(2nd support) 10195.27
NIFTY FOR SUPPORT 21/06/2011
NIFTY (2nd Resistance) 5470.95
(1st Resistance) 5365.5
Pivot point 5273.95
(1st Support) 5168.5
(2nd support) 5076.95
Global Markets update 21/06/2011
DJIA Up 76.0 (0.6%) NSDQ Up 13.2 (0.5%) FTSE 100 Down 21.6 (0.4%) NIKKEI Up 83.06 (0.89%) HANG SENG Up 82.97 (0.38%) SGX NIFTY Down 6
FII DII DATA 21/06/2011
Net Index Futures (790), Net Stock Futures (139), Derivative Market: Total Open Interest (Rs 1,37,818 cr), Stock Futures Open Interest (Rs 32,632 cr)
Indian ADRs Update 21/06/2011
INFOSYS Down 0.9 (1.5%), WIPRO Down 0.0 (0.2%), ICICI BANK Down 0.5 (1.1%), HDFC BANK Down 1.1 (0.7%)
Thursday, June 16, 2011
BANKNIFTY FOR SUPPORT 16/06/2011
BANKNIFTY (2nd Resistance) 10920.8
(1st Resistance) 10778.6
Pivot point 10692.8
(1st Support) 10550.6
(2nd support) 10464.8
NIFTY FOR SUPPORT 16/06/2011
NIFTY (2nd Resistance) 5531.43
(1st Resistance) 5491.02
Pivot point 5464.58
(1st Support) 5424.17
(2nd support) 5397.73
FII DII DATA 16/06/2011
Net Index Futures (-458), Net Stock Futures (-513), Derivative Market: Total Open Interest (Rs 1,31,664 cr), Stock Futures Open Interest (Rs 34,361 cr)
Indian ADRs Update 16/06/2011
INFOSYS Down 1.4 (2.2%), WIPRO Down 0.4 (3.0%), ICICI BANK Down 3.3 (1.5%), HDFC BANK Down 3.7 (2.3%)
Global Markets update 16/06/2011
DJIA Down 178.8 (1.5%) NSDQ Down 47.3 (1.8%) FTSE 100 Down 60.6 (1.0%) Asian Markets as on 8.45 AM NIKKEI Down 80.17 (0.84%) HANG SENG Down 335.98 (1.5%) SGX NIFTY Down 56.50
Friday, June 10, 2011
Tata Motors, Maruti, ONGC and RIL may witness some action today
Tata Nano, billed as the world's cheapest car, entered Sri Lanka's taxi market billed as a more comfortable and safer alternative to rickety three-wheel auto rickshaws.
A strike at car maker Maruti Suzuki's Manesar plant entered its fifth day yesterday, causing a production loss of 4,200 vehicles.
ONGC has launched a massive exploration drive for gas extraction in Tripura to meet the requirement of 726 MW gas-based thermal power project at Palatana in South Tripura, which is scheduled to start power generation by December 2012.
Reliance Industries (RIL) has asked the government to withdraw restriction on movement of expats from one oil and gas block to another as the limitation was hindering its operations.
Apollo Tyres will make Dubai its operational hub for the Middle East markets with plans to invest around $1.5 million annually starting this year.
mjunction, the equal joint venture (JV) company held by Tata Steel and Steel Authority of India (SAIL), is scouting for acquisitions in lieu of expansion and has shortlisted two companies in Europe for the purpose.
Indraprastha Gas, promoted by state-run oil firms, has served a legal notice to the petroleum sector regulator for granting city gas distribution licenses in absence of key members on its board, allegedly against a recent Supreme Court order.
The Union environment ministry has asked Naveen Jindal owned Jindal Steel & Power to respond to allegations that the company had built its coal washery at Raigarh in Chhattisgarh without obtaining prior environmental clearance from the ministry.
As the government prepares to issue additional radio licenses and announce new guidelines for the sector, leading FM channel operators such as Entertainment Network India (ENIL) and Reliance Broadcast Network (RBNL) are eying acquisitions.
Viom Networks, a telecom tower JV between Tata Teleservices and the Kanoria Family, who are founders of SREI Infrastructure, confirmed its interest for Reliance Infratel's tower assets.
Private air-carrier SpiceJet will begin regional operations from Tier-2 and 3 cities like Vijayawada, Tirupati, Mysore, Mangalore, Madurai, Nagpur and Indore from mid-July using the Bombardier Q400 Next Gen turboprop aircraft.
Infosys is evaluating options to tap into UK's multi-billion government outsourcing market, as it seeks to compete better with larger domestic rival Tata Consultancy Services by increasing its share of revenues from public sector departments looking to cut costs.
Credit rating agency, ICRA, reduced Reliance Communications' long-term rating to LAA from LAA plus for its Rs 28,116 crore long-term debt and its Rs 5,000 crore non-convertible debenture programme.
Nirma’s delisting of its equity shares from stock exchanges has been kept in abeyance until further notice from market regulator SEBI, following which its exit offer to shareholders has also been deferred.
Infrastructure and real estate company Atlanta was expecting up to 60% growth in revenue as well as net profit year-on-year for the next five years on the back of healthy order book.
Pune-based Garware Motors is looking to forge a joint venture to manufacture the Hyosung range of bikes here in India with Korean S&T Motors Corporation within the next two years.
Jindal Synfuels (JSFL), a subsidiary of Navin Jindal managed JSPL, plans to set up a Coal to Liquid (CTL) plant with an overall capacity of 80,000 barrels per day (bpd) equivalent of key oil products such as Diesel, Naphtha, and LPG near Augul where JSPL is coming up with a steel plant.
The State Bank of India, which shocked investors with a 99% plunge in quarterly earnings, will scrap the annual interest rate reset clause on all loans and move to uniform base rate-linked payments to smoothen out the fluctuations in its profitability.
Gujarat NRE Coke has launched an issue of $50 million direct, unsubordinated, unconditional and unsecured convertible bonds due to matured by 2016.
Shopper's Stop is planning to raise prices of private labels by 10-12% from July 1, 2011. Recently, the company wholly owned subsidiary --Crossword Bookstores-- opened up one 'Crossword' franchisee store at Udaipur.
RPG Group company CESC Ltd has inked a deal to pick up a 4.8% stake in Australia- listed mining company Resource Generation for $10 million.
MindTree Unveils Bluetooth Solutions Suite for In-car Health Applications.
Companies like Ajmera Realty, KLK Industries, Shikhar Leasing & Trading and Sukhjit Starch & Chemicals are going to announce their results today.
Just in: April IIP at 6.3% as per new series
The newly introduced Index of Industrial Production (IIP) with an updated base of 2004-05 starting from the month of April, has expanded at 6.3% pace in April to 167.8 as compared to the level in the month of April 2010. The annual growth for the period April-March 2010-11 stands at 8.2% over the corresponding period of the previous year. However, under the old series, annual industrial output growth in April was 4.4%, lower than the general expectation of around 5%.
According to the data released by Central Statistics Office, the IIP for the Mining, Manufacturing and Electricity sectors for the month of April 2011 stands at 129.1, 178.0 and 146.0 respectively, with the corresponding growth rates of 2.2%, 6.9% and 6.4% as compared to April 2010.
As per Use-based classification, the growth rates in April 2011 over April 2010 are 7.3% in Basic goods, 14.5% in Capital goods and 3.4% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 3.8% and 2.1% respectively, with the overall growth in Consumer goods being 2.9%, the statement showed.
Indian Overseas Bank launches e-kiosk at Cathedral branch in Chennai
Indian Overseas Bank (IOB), a public sector bank has launched 24x7 cheque depositing machine, E-kiosk at the Cathedral branch in Chennai. eKiosk is a standalone machine which reads MICR data and captures digital image of the deposited cheque and also gives a receipt to the depositor. The bank plans to open 100 such kiosks.
Recently, the company had hiked interest rates payable on select tenures for its domestic term deposits. The bank decided to revise rates payable on domestic term deposit with effect from May 17, 2011.
IOB has reported a growth of 240.79% in its net profit to Rs 434.30 crore for the quarter ended March 31, 2011 as compared to Rs 127.44 crore for the quarter ended March 31, 2010. Total income has surged by 38.40% to Rs 3916.58 crore for the quarter under review whereas the same was at Rs 2829.80 crore in the corresponding previous quarter.
CARE assigns ratings to bank facilities of Tulsyan NEC
Credit rating agency, CARE has assigned ‘CARE BB+’ rating to the long-term bank facilities of Tulsyan NEC for Rs 143.00 crore. The agency has also assigned ‘PR4+’ rating to the short-term bank facilities of the company for Rs 175.00 crore.
The ratings however, draw strength from the established track record of operations, sustained demand for steel products from the infrastructure sector, locational advantage of the company’s steel plant, diversified revenue streams, and the backward integration plans of the company by the setting up of a captive power facility.
Tulsyan NEC has reported net profit for the quarter ended March 31, 2011 at Rs 3.96 crore as compared to profit of Rs 4.03 crore for the quarter ended March 31, 2010 down by 1.73%. The company's total income was up by 85.75% to Rs 373.36 crore for the quarter under review as against Rs 201.00 crore for the similar quarter a period ago.
Tulsyan NEC is a diversified company with business interests in steel and plastic packaging material. The company manufactures thermo mechanically treated (TMT) bars, billets and ingots in the steel division and polypropylene woven sacks, flexible intermediate bulk containers and woven fabric in the synthetic division.
Haria Exports touches the roof on plan of demerging its garment division
Haria Exports is currently locked at its upper circuit limit of Rs 4.92, up by 0.23 points or 4.90% from its previous closing of Rs 4.69 on the BSE.
The scrip opened at Rs 4.92 and has touched a high and low of Rs 4.92 and Rs 4.92 respectively. So far 1513 shares were traded on the counter.
The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 7.36 on 12-Jul-2010 and a 52 week low of Rs 3.03 on 11-May-2011.
Last one week high and low of the scrip stood at Rs 4.92 and Rs 3.68 respectively. The current market cap of the company is Rs 2.82 crore.
The promoters holding in the company stood at 12.96% while Institutions and Non-Institutions held 0.02% and 87.02% respectively.
Haria Exports is eyeing for approval for scheme of arrangement involving demerger of its garment division and merger of Best Plastex with the company. For the propose scheme of arrangement the company will hold a board meeting of its directors on June 14, 2011.
Haria Exports offers garments and note books in India and internationally. It manufactures and exports garments comprising men’s and ladies' cotton shirts, towels and napkins as well as cotton fabrics. The company also offers note books.
Glenmark Pharma surges on its arm getting USFDA approval for Mupirocin ointment
Glenmark Pharma is currently trading at Rs. 314.30, up by 5.70 points or 1.85% from its previous closing of Rs. 308.60 on the BSE.
The scrip opened at Rs. 311.00 and has touched a high and low of Rs. 316.70 and Rs. 309.00 respectively. So far 70,486 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 389.75 on 07-Dec-2010 and a 52 week low of Rs. 241.60 on 28-Feb-2011.
Last one week high and low of the scrip stood at Rs. 316.70 and Rs. 304.55 respectively. The current market cap of the company is Rs. 8474.65 crore.
The promoters holding in the company stood at 48.31% while Institutions and Non-Institutions held 37.37% and 14.31% respectively.
Glenmark Generics’ (GGL) United States (US) subsidiary -- Glenmark Generics Inc., (GGI) -- has been granted final approval for its Abbreviated New Drug Application (ANDA) from the United States Food and Drug Administration (USFDA) for Mupirocin ointment USP, 2%.
Mupirocin ointment is indicated for the topical treatment of impetigo due to: Staphylococcus aureus and Streptococcus pyogenes and is available in a 22 gram tube presentation. Mupirocin ointment garnered annual sales of $55 million and achieved a 9% increase in growth compared to the same period last year.
Glenmark’s current portfolio consists of 68 products authorized for distribution in the US marketplace and 39 ANDA’s pending approval with the US FDA. In addition to these internal filings, GGI continues to identify and explore external development partnerships to supplement and accelerate the growth of the existing pipeline and portfolio.
GGL is a subsidiary of Glenmark Pharmaceuticals and aims to be a global integrated Generic and API leader. GGL has an established presence in North America, EU and Argentina and maintains marketing front-ends in these countries.
On consolidated basis, the group’s net profit after tax for the year ended March 31, 2011 increased marginally by 38.30% at Rs 457.83 crore as compared to Rs 331.03 crore for the previous year. Total income for the year increased by 21.93% at 3089.59 crore as compared to Rs 2533.81 crore for the previous year.
Phoenix Mills ascends on getting an upgradation in its fundamental grade to 3 /5
Phoenix Mills is currently trading at Rs 194.25, up by 3.45 points or 1.81% from its previous closing of Rs 190.80 on the BSE.
The scrip opened at Rs 196.90 and has touched a high and low of Rs 197.75 and Rs 193.00 respectively. So far 4176 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 269.25 on 09-Sep-2010 and a 52 week low of Rs 160.00 on 14-Mar-2011.
Last one week high and low of the scrip stood at Rs 197.75 and Rs 183.20 respectively. The current market cap of the company is Rs 2810.73 crore.
The promoters holding in the company stood at 65.92% while Institutions and Non-Institutions held 27.44% and 6.64% respectively.
Rating agency, CRISIL Equities has upgraded Phoenix Mills CRISIL IER fundamental grade to 3/5 from 2/5. The grade indicates that the company’s fundamentals are good relative to other listed equity securities in India. The rating agency has also assigned a valuation grade of 4/5 to the company.
The rating agency has revised the company’s fundamental grade following consistently strong performance by its consumption centre High Street Phoenix (HSP) in Mumbai, encouraging pre-leasing activities in upcoming market city projects and the company`s strong balance sheet despite it being in an asset-heavy retailing business.
The assigned grade factors in strong cash flows from HSP, an established retail destination housing marquee tenants such as Zara, Diesel, Manchester United CafA, Hamleys, etc. with more than 1 million footfalls a month.
Phoenix Mills engaged in property development in India. Its activities include planning, execution, and marketing of projects, property rental and management, and maintenance and sale of the completed properties.
Gujarat NRE Coke rises on the bourses
Gujarat NRE Coke is currently trading at Rs. 50.80, up by 1.25 points or 2.52% from its previous closing of Rs. 49.55 on the BSE.
The scrip opened at Rs. 50.00 and has touched a high and low of Rs. 51.50 and Rs. 50.00 respectively. So far 1,76,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 72.00 on 05-Jan-2011 and a 52 week low of Rs. 41.00 on 25-Feb-2011.
Last one week high and low of the scrip stood at Rs. 51.50 and Rs. 48.80 respectively. The current market cap of the company is Rs. 2668.64 crore.
The promoters holding in the company stood at 47.50% while Institutions and Non-Institutions held 29.14% and 23.36% respectively.
Gujarat NRE Coke has launched an issue of $50 million direct, unsubordinated, unconditional and unsecured convertible bonds due to matured by 2016. However, issue is subject to an over allocation of $10 million worth bonds convertible into ordinary equity shares of the company quoted in Indian Rupees. First International Group and UBS AG are appointed as the Joint Book runners for the offering of the bonds.
The bonds are proposed to the listed on the Singapore Exchange Securities Trading and the equity shares of the company to be issued upon conversion of the bonds shall be listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
Further, the issue of the bonds and issuance at the equity of the company upon conversion of the bonds was authorized by a resolution of the Board of Directors of the company at a meeting held on October 21, 2010 and by a special resolution of the shareholders passed by postal ballot the result of which was declared on December 13, 2010. Further the opening of the issue has been authorized by a resolution of the management committee of the Board of Directors of the Company passed at a meeting held on June 09, 2011.
MMTC rises on the bourses
MMTC is currently trading at Rs. 916.00, up by 4.85 points or 0.53% from its previous closing of Rs. 911.15 on the BSE.
The scrip opened at Rs. 918.00 and has touched a high and low of Rs. 918.00 and Rs. 912.00 respectively.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1935.00 on 29-Jul-2010 and a 52 week low of Rs. 867.80 on 25-Mar-2011.
Last one week high and low of the scrip stood at Rs. 928.90 and Rs. 901.10 respectively. The current market cap of the company is Rs. 91115.00 crore.
The promoters holding in the company stood at 99.33% while Institutions and Non-Institutions held 0.52% and 0.15% respectively.
MMTC, the country’s largest foreign trading company, is planning to take a major leap in the non-conventional energy sector, after its successful pilot project in Karnataka. The company will invest around Rs 240 crore in the next two years to set up new wind mill units across the country, as a part of diversification.
The company has already commenced its first 15-MW wind farm project in Gajendragad, Karnataka. For the last four years the state-owned firm owns 100 acres of wind farm with 54 wind mills generating over 102 million units of power. It supplies electricity to HESCOM/KPTCL, a unit of Hubli Electricity Supply Company of the Karnataka.
The company’s new investment plan comes in the wake of the success of its 15 MW windmill plant in Karnataka. The pilot project comprising of 25 windmill units was set up in Gajendragad in Gadag district with an investment of Rs 68.75 crore in 2007.
Thursday, June 9, 2011
FII DII DATA 09/06/2011
Net Index Futures (-268), Net Stock Futures (-270), Derivative Market: Total Open Interest (Rs 1,26,408 cr), Stock Futures Open Interest (Rs 33,383 cr)
Indian ADRs Update 09/06/2011
INFOSYS Down 0.5 (0.8%), WIPRO Up 0.1 (0.4%), ICICI BANK Down 0.6 (1.2%), HDFC BANK Down 0.1 (0.0%)
Global Markets update 09/06/2011
DJIA Down 21.9 (0.2%) NSDQ Down 26.2 (1.0%) FTSE 100 Down 55.8 (1.0%) Asian Markets NIKKEI Down 27.87 (0.29%) HANG SENG Down 119.74 (0.53%) SGX NIFTY Down 16.50
BANKNIFTY FOR SUPPORT 09/06/2011
BANKNIFTY (2nd Resistance) 10959.48
(1st Resistance) 10879.47
Pivot point 10814.78
(1st Support) 10734.77
(2nd support) 10670.08
NIFTY FOR SUPPORT 09/06/2011
NIFTY (2nd Resistance) 5581.08
(1st Resistance) 5555.47
Pivot point 5533.38
(1st Support) 5507.77
(2nd support) 5485.68
Friday, April 8, 2011
FII DII DATA 08/04/2011
Net Index Futures (-269), Net Stock Futures (-359), Derivative Market: Total Open Interest (Rs 1,26,204 cr), Stock Futures Open Interest (Rs 33,253 cr)
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