BHEL gains on receiving ‘N’ and ‘NPT’ certificates from ASME

BHEL is currently trading at Rs 1934.70, up by 12.80 points or 0.67% from its previous closing of Rs 1921.90 on the BSE.

The scrip opened at Rs 1944.00 and has touched a high and low of Rs 1944.00 and Rs 1932.00 respectively. So far 4,420 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2695.00 on 07-Oct-2010 and a 52 week low of Rs. 1905.35 on 15-Mar-2011.

Last one week high and low of the scrip stood at Rs. 2058.00 and Rs. 1905.35 respectively. The current market cap of the company is Rs. 94080.85 crore.

The promoters holding in the company stood at 67.72% while Institutions and Non-Institutions held 25.95% and 6.33% respectively.

American Society of Mechanical Engineers (ASME) - a professional body and an engineering society, has awarded the high pressure boiler plant of Bharat Heavy Electricals (BHEL) with ‘N’ and ‘NPT’ certificates. BHEL is now authorized to use N and NPT stamps for Nuclear vessels to Cl 1, 2, 3 requirements, piping systems to Cl 1, 2, 3 requirements, storage tanks to Cl 2,3 requirements, shop assembly and fabrication without design responsibility to Cl 1, 2 and 3 requirements.

Upon receiving the certification which is valid for three years from January 31, 2001, it is also recognized as a materials organization by ASME. BHEL has been awarded after in-house efforts of the company for nearly a year and rigorous audits by ASME auditors of the quality systems of the company to meet the stringent requirements of the nuclear components.

Since nuclear power is fast growing as a source of electricity in India after thermal, hydro and renewable sources, the authorization assumes important for BHEL. India has 19 nuclear power plants in operation generating 4,560 MW while four others are under construction and are expected to generate an additional 2,720 MW of energy.

ASME - one of the oldest standards-developing organizations in the world, the society produces approximately 600 codes and standards, covering many technical areas, such as boiler components, elevators, and measurement of fluid flow in closed conduits, hand and machine tools.

Voltas jumps on its plans of launching 70 new air conditioners this year

Voltas is currently trading at Rs. 156.90, up by 5.15 points or 3.39% from its previous closing of Rs. 151.75 on the BSE.

The scrip opened at Rs. 154.00 and has touched a high and low of Rs. 158.00 and Rs. 154.00 respectively. So far 27,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 262.50 on 11-Nov-2010 and a 52 week low of Rs. 147.35 on 14-Mar-2011.

Last one week high and low of the scrip stood at Rs. 158.20 and Rs. 147.35 respectively. The current market cap of the company is Rs. 5133.68 crore.

The promoters holding in the company stood at 30.58% while Institutions and Non-Institutions held 47.30% and 22.12% respectively.

Voltas, India’s premiere air conditioning and engineering services company from the house of Tatas, today introduced its new, powerful range of air conditioners in the capacity band of 0.75 tons to 3 tons. The company this year has planned to penetrate the market with a varied set of 70 air conditioners.

Amongst the new models, highlights for this year will be Vertis Elegant, Vertis Gemini, Vertis Pluto, Vertis Pearl and Platina, and the re-launch of the revolutionary DC Inverter Technology. The company’s brand is a premier player to have introduced a large assortment of 5 star rated AC’s in the 2T category, with one of a kind scroll compressor inbuilt into its product that assure maximum efficiency.

The company will back the launch of these new products with a marketing budget of Rs.50 crores for the current year. Voltas’ AC is sold from over 5000 touch points across India and expected to grow by 20% next year.

The company reported a decrease of 2.59% in net profit after tax to Rs 67.01 crore for the quarter ended December 2010 from Rs 68.79 crore in the same quarter last year. Total income for the quarter rose 8.75% to Rs 1006.88 crore as compared to Rs 925.83 crore in the same quarter last year.

Reliance Broadcasts surge on its Big CBS Prime ties up with Airtel Digital TV

Reliance Broadcast Network is currently trading at Rs. 77.00, up by 2.45 points or 3.29% from its previous closing of Rs. 74.55 on the BSE.

The scrip opened at Rs. 75.75 and has touched a high and low of Rs. 77.40 and Rs. 75.70 respectively. So far 43,489 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 121.80 on 03-Sep-2010 and a 52 week low of Rs. 45.60 on 27-May-2010.

Last one week high and low of the scrip stood at Rs. 79.80 and Rs. 73.00 respectively. The current market cap of the company is Rs. 610.18 crore.

The promoters holding in the company stood at 63.87 % while Institutions and Non-Institutions held 0.62 % and 35.51 % respectively.

Reliance Broadcast Network’s arm BIG CBS Networks has announced the signing of the deal with Bharti Airtel Digital TV to further strengthen its distribution network. This alliance allows BIG CBS immediate access to the excellent audience of Bharti Airtel Digital TV, allowing for wide reach of its channels.

With this alliance Bharti Aitel digital customers can now enjoy the latest and freshest shows like NCIS, Bellator, and Survivor among others apart from its soon to be launched series like ''Big CBS Love'' and ''Big CBS Spark''. At present, Bharti Airtel has a subscriber base of five million subscribers.

BIG CBS Prime in a short span has managed to move up to number 3 position. The company wants to amplify the reach of the channel and through alliance it will get closer to its target. Big CBS Prime is already available in India across all over major digital cable and direct to platforms like Hathway, Digi Cable, Sun Direct, Reliance Digital and Videocon DTH among others.

BANKNIFTY FOR SUPPORT 16/03/2011

BANKNIFTY (2nd Resistance) 10905.43
(1st Resistance) 10814.02
Pivot point 10713.58
(1st Support) 10622.17
(2nd support) 10521.73

NIFTY FOR SUPPORT 16/03/2011

 NIFTY (2nd Resistance) 5572.07
(1st Resistance) 5509.83
Pivot point 5442.72
(1st Support) 5380.48
(2nd support) 5313.37

FII DII DATA 16/03/2011

Net Index Futures (-1614), Net Stock Futures (-116), Derivative Market: Total Open Interest (Rs 1,38,502 cr), Stock Futures Open Interest (Rs 31,207 cr)

Indian ADRs Update 16/03/2011

INFOSYS Down 1.3 (2.0%), WIPRO Down 0.6 (4.2%), ICICI BANK Down 0.2 (0.5%), HDFC BANK Up 1.1 (0.7%)

Global Markets update 16/03/2011

DJIA Down 137 (1.2%) NSDQ Down 33 (1.3%) FTSE 100 Down 80 (1.4%) Asian Markets as on 8.45 AM  NIKKEI Up 348 (4.05%) HANG SENG Down 103 (0.46%) SGX NIFTY Up 14

BANKNIFTY FOR SUPPORT 15/03/2011

BANKNIFTY (2nd Resistance) 11115.82
(1st Resistance) 11032.03
Pivot point 10891.02
(1st Support) 10807.23
(2nd support) 10666.22

NIFTY FOR SUPPORT 15/03/2011

NIFTY (2nd Resistance) 5635.7
(1st Resistance) 5595.5
Pivot point 5521.8
(1st Support) 5481.6
(2nd support) 5407.9

FII DII DATA 15/03/2011

Net Index Futures (1262), Net Stock Futures (-69), Derivative Market: Total Open Interest (Rs 1,39,355 cr), Stock Futures Open Interest (Rs 31,828 cr)

Indian ADRs Update 15/03/2011

INFOSYS Up 0.3 (0.4%), WIPRO Up 0.1 (1.0%), ICICI BANK Down 0.3 (0.6%), HDFC BANK Up 1.1 (0.7%)

Global Markets update 15/03/2011

DJIA Down 51 (0.4%) NSDQ Down 14 (0.5%) FTSE 100 Down 53 (0.9%) Asian Markets as on 8.45 AM  NIKKEI Down 957 (9.54%) HANG SENG Down 808 (3.48%) SGX NIFTY Down 165

FII DII DATA 11/03/2011

Net Index Futures (-547), Net Stock Futures (-129), Derivative Market: Total Open Interest (Rs 1,33,020 cr), Stock Futures Open Interest (Rs 31,424 cr)

Indian ADRs Update 11/03/2011

INFOSYS Down 1.6 (2.3%), WIPRO Down 0.4 (2.9%), ICICI BANK Down 1.3 (2.9%), HDFC BANK Down 5.3 (3.3%)

Global Markets update 11/03/2011

DJIA Down 228 (1.9%) NSDQ Down 51 (1.8%) FTSE 100 Down 92 (1.6%) Asian Markets as on 8.45 AM  NIKKEI Down 87 (0.83%) HANG SENG Down 234 (0.99%) SGX NIFTY Down 45

BANKNIFTY FOR SUPPORT 10/03/2011

BANKNIFTY (2nd Resistance) 11187.5
(1st Resistance) 11095.25
Pivot point 10998.25
(1st Support) 10906
(2nd support) 10809

NIFTY FOR SUPPORT 10/03/2011

NIFTY (2nd Resistance) 5625.9
(1st Resistance) 5583.85
Pivot point 5530.75
(1st Support) 5488.7
(2nd support) 5435.6

FII DII DATA 10/03/2011

Net Index Futures (94), Net Stock Futures (32), Derivative Market: Total Open Interest (Rs 1,30,906 cr), Stock Futures Open Interest (Rs 31,026 cr)

Indian ADRs Update 10/03/2011

INFOSYS Down 0.2 (0.4%), WIPRO Up 0.1 (0.5%), ICICI BANK Down 0.1 (0.2%), HDFC BANK Up 0.1 (0.0%)