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%)

Global Markets update 10/03/2011

DJIA Down 1.3 (0.0%) NSDQ Down 14.1 (0.5%) FTSE 100 Down 37.5 (0.6%) Asian Markets as on 8.45 AM  NIKKEI Down 115 (1.09%) HANG SENG Down 160 (0.67%) SGX NIFTY Down 36

BANKNIFTY FOR SUPPORT 09/03/2011

BANKNIFTY (2nd Resistance) 11165.5
(1st Resistance) 11075
Pivot point 10933.5
(1st Support) 10843
(2nd support) 10701.5

NIFTY FOR SUPPORT 09/03/2011

NIFTY (2nd Resistance) 5598.38
(1st Resistance) 5567.32
Pivot point 5516.93
(1st Support) 5485.87
(2nd support) 5435.48

FII DII DATA 09/03/2011

Net Index Futures (418), Net Stock Futures (-61), Derivative Market: Total Open Interest (Rs 1,24,014 cr), Stock Futures Open Interest (Rs 30,439 cr)

Indian ADRs Update 07/03/2011

INFOSYS Up 2.1 (3.1%), WIPRO Up 0.4 (3.0%), ICICI BANK Up 1.0 (2.3%), HDFC BANK Up 4.2 (2.7%)

Global Markets update 09/03/2011

DJIA Up 124 (1.0%) NSDQ Up 20 (0.7%) FTSE 100 Up 1 (0.0%) Asian Markets as on 8.45 AM  NIKKEI Up 108 (1.03%) HANG SENG Up 154 (0.65%) SGX NIFTY Up 12

FII DII DATA 07/03/2011

Net Index Futures (-33.74), Net Stock Futures (376.77), Derivative Market: Total Open Interest (Rs 1,25,497cr), Stock Futures Open Interest (Rs 30,063cr)

Global Markets update 07/03/2011

Global Markets update NIKKEI Down 142 (1.33%) HANG SENG Down 66 (0.28%) SGX NIFTY Down 64

BANKNIFTY FOR SUPPORT 07/03/2011

BANKNIFTY (2nd Resistance) 11249.72
(1st Resistance) 11108.43
Pivot point 11013.72
(1st Support) 10872.43
(2nd support) 10777.72

NIFTY FOR SUPPORT 07/03/2011

 NIFTY (2nd Resistance) 5649.15
(1st Resistance) 5592.55
Pivot point 5555.1
(1st Support) 5498.5
(2nd support) 5461.05

BUY JINDALSAW 04/03/2011

BUY JINDALSAW :198-199 STOP-LOSS : 193 TARGET 208  CALL FOR DAY TRADERA

BUY VOLTAS(500575) : 04/03/2011

BUY VOLTAS(500575): 162-163 STOP-LOSS:158 TARGET:173-TGT2:179.20  FOR 2-3 DAY CALL FOR POSITIONAL  

BANKNIFTY FOR SUPPORT 04/03/2011

BANKNIFTY (2nd Resistance) 11287.33
(1st Resistance) 11117.32
Pivot point 10949.98
(1st Support) 10779.97
(2nd support) 10612.63

NIFTY FOR SUPPORT 04/03/2011

 NIFTY (2nd Resistance) 5660.43
(1st Resistance) 5602.57
Pivot point 5539.93
(1st Support) 5482.07
(2nd support) 5419.43

FII DII DATA 04/03/2011

Net Index Futures (200), Net Stock Futures (-531), Derivative Market: Total Open Interest (Rs 1,23,059cr), Stock Futures Open Interest (Rs 29,816cr)

Indian ADRs Update 04/03/2011

INFOSYS Up 1.6 (2.3%), WIPRO Up 0.8 (6.4%), ICICI BANK Up 1.6 (3.7%), HDFC BANK Up 5.1 (3.4%)

Global Markets update 04/03/2011

DJIA Up 191 (1.6%) NSDQ Up 51 (1.8%) FTSE 100 Up 90 (1.5%) Asian Markets as on 8.45 AM  NIKKEI Up 165 (1.56%) HANG SENG Up 314 (1.36%) SGX NIFTY Up 46

BANKNIFTY FOR SUPPORT 03/03/2011

BANKNIFTY (2nd Resistance) 11214.97
(1st Resistance) 11065.93
Pivot point 10792.97
(1st Support) 10643.93
(2nd support) 10370.97

NIFTY FOR SUPPORT 03/03/2011

 NIFTY (2nd Resistance) 5671.28
(1st Resistance) 5607.57
Pivot point 5491.28
(1st Support) 5427.57
(2nd support) 5311.28

BUY RELCAPITAL(500111) 03/03/2011

BUY RELCAPITAL(500111): 483 STOP-LOSS:479 TARGET:494-TGT2:502 

CALL FOR INTRADAY  TARGET

FII DII DATA 03/03/2011

FII Data: Net Index Futures (1606), Net Stock Futures (391), Derivative Market: Total Open Interest (Rs 1,19,360cr), Stock Futures Open Interest (Rs 29,641cr)

Global Markets update 03/03/2011

 DJIA Up 8.8 (0.1%) NSDQ Up 10.7 (0.4%) FTSE 100 Down 21 (0.4%) Asian Markets as on 8.45 AM  NIKKEI Up 55 (0.5%) HANG SENG Up 77 (0.33%) SGX NIFTY Down 63

Indian ADRs Update 03/03/2011

INFOSYS Down 0.6 (1.0%), WIPRO Down 0.1 (0.7%), ICICI BANK Up 0.0 (0.0%), HDFC BANK Up 0.8 (0.5%)

BANKNIFTY FOR SUPPORT 01/03/2011

BANKNIFTY (2nd Resistance) 10966.27
(1st Resistance) 10704.63
Pivot point 10537.82
(1st Support) 10276.18
(2nd support) 10109.37

NIFTY FOR SUPPORT 01/03/2011

NIFTY (2nd Resistance) 5571.2
(1st Resistance) 5454.6
Pivot point 5382.3
(1st Support) 5265.7
(2nd support) 5193.4

FII DII DATA 01/03/2011

 Net Index Futures (1,104.53), Net Stock Futures (472.05), Derivative Market: Total Open Interest (Rs 1,10,747cr), Stock Futures Open Interest (Rs 28,174cr)

Indian ADRs Update 01/03/2011

INFOSYS Down 0.6 (1.0%), WIPRO Down 0.1 (0.9%), ICICI BANK Down 0.5 (1.2%), HDFC BANK Up 1.2 (0.8%)

Global Markets update 01/03/2011

DJIA Up 96 (0.8%) NSDQ Up 1.2 (0.0%) FTSE 100 Down 7.2 (0.1%) Asian Markets as on 8.45 AM  NIKKEI Up 73 (0.7%) HANG SENG Down 32 (0.1%) SGX NIFTY Up 41

Budget 2011 Highlights5

• Gross tax receipts seen up 24% yoy to Rs9.32lakh crores
• Non-tax revenue seen at Rs1.25lakh cr in FY2012
• Fiscal deficit down from 5.5% to 5.1%. Target of 4.6% for FY2012 - positive for markets
• FY2013 fiscal deficit target of 4.1%
• Increase in income-tax exemption limit from Rs1,60,000 to Rs1,80,000
• Senior citizen age decreased from 65 to 60. Exemption limit increased to Rs2,50,000 from Rs2,40,000
• Surcharge on companies reduced from 7.5% to 5% - positive for tax-paying companies
• Investment link deduction for fertiliser companies, Positive for all fertiliser companies
• Branded Jewellery to attract additional 1% excise duty, Negative for Titan
• Micro-irrigation equipment to have lower excise of 5% from 7.4%, Positive for Jain Irrigation
• Central excise duty retained at 10%, Positive for Automobile sector
• Export duty on iron ore, Current - 15% on lumps and 5% on fines, Proposed - 20% on both lumps and fines, Negative for exporting miners - Sesa Goa and NMDC
• Change in excise with AD valorem duty, Negative for South based cement players - India Cement and Madras Cement
• Excise duty exemption on equipments for UMPP - Positive for capital goods sector
• No excise duty on equipment (UMPP), Positive for private players

Budget 2011 Highlights4

• Higher production land allocated for Palm oil production - positive for HUL & Godrej Consumer; nutri seeds and fodder production - positive to bring down raw material inflation for FMCG companies
• Fertilizer capex given status of infrastructure - positive for existing fertilizer companies
• Plan to introduce Food Security Bill in FY2012
• Allocation to Bharat Nirman increased to Rs58,000cr, an increase of 20.8% over FY2011
• Increased Infrastructure fund to Rs214,000cr up by 23.3%, Positive for Cement Sector
• Increase in wages under NREGA - positive for FMCG companies as it results in higher spending power for rural consumers
• Increased allocation for Accelerated Irrigation Programme - positive for companies providing irrigation solution viz. Jain Irrigation, EPC
• Education sector allocated Rs 52,057cr for FY2012 - to boost business opportunities for IT-education companies

Budget 2011 Highlights3

• To give 3% interest subsidy to farmers in FY2012 from 2% in FY2011
• Rashtriya Kisan Vikas Yojana allocation increased from Rs6,755cr to Rs7,860cr. Allocation to green revolution in Eastern India increased by Rs400cr. Additional Rs300cr to promote pulses, oilseed and vegetable cultiation each respectively.
• Positive for agri input companies like United Phosphorus.
• Rs2.14 lakh crore allocation for Infra sector - increase of 23.3% over FY2011
• NABARD to receive additional Rs10,000cr for rural credit
• Cold storage now eligible for viability gap funding and receives infrastructure status
• Rs2.14lakh cr provided for infra development which accounts for 48.5% of the total plan expenditure, an increase of 23.3% over last year. Higher than expectation of Rs2.04lakh cr. Positive for infra sector
• Infra status given for cold storage chains. Positive for companies like Gateway Distriparks and Container Corp.

Budget 2011 Highlights2

• Rs6000cr allocation for improving tier-I CAR of PSU banks - positive for PSU banks
• Increase in Rural Infrastructure fund from Rs16,000cr to Rs18,000cr
• SIDBI to receive additional Rs5,000cr shortfall from banks
• SIDBI to receive additional Rs5,000cr shortfall from banks that missed priority sector lending norms, Positive for irrigation companies and farmers
• Housing sector - 1% on housing loan subvention, +ve for cement sector
• Priority sector home loan limit hiked to Rs25lakhs from Rs20lakhs
• Increased housing finance for rural areas, Positive for cement sector
• Interest subvention of 1% on housing loan increased from Rs10lakh to Rs15lakh - postive for mid-income housing - benefit to developers like HDIL, Godrej Properties
• Increased investment in Infra Corporate Bonds to FII - postive for infra, cement and banks
• Credit flow to farmer increased from Rs3.75lakh crores to Rs4.75lakh crores for FY2012. Positive for agri-input companies (United Phosphorus)

Budget 2011 Highlights

• See FY2011 farm growth at 5.4%, GDP growth at 8.6%-FM
• FY2011 industrial growth seen at 8.1% and Services at 9.6%
• GDP growth seen at 8.75-9.25% in FY2012
• Preparation for GST rollout in final stages-FM
• Mulling nutrient-based subsidy policy for urea-FM
• Domestic Mutal Funds to have access to foreign investors, positive for ICICI Bank and HDFC Bank
• Govt plans to move towards direct cash transfer of subsidies to people. Expect systems to be ready by Mar 12
• Expect to introduce constitutional bill for introduction of GST Bill. Positive for retail sector, top pick- Pantaloon Retail
• FY2012 divestment target at Rs40,000cr
• FII investment in corporate bonds hiked to US $ 40Bn - Positive for Banks

FII DII DATA 25/02/2011

FII Data: Net Index Futures (-497 cr), Net Stock Futures (-286 crs), Derivative Market: Total Open Interest (Rs 1,61,980 cr), Stock Futures Open Interest (Rs 34,006 cr)

Indian ADRs Update 25/02/2011

Indian ADRs Update : INFOSYS Up 0.0 (0.0%), WIPRO Down 0.0 (1.%), ICICI BANK Down 1.1 (2.4%), HDFC BANK Down 2.7 (1.8%)

Global Markets update 25/02/2011

Global Markets update: DJIA Down 37 (0.3%) NSDQ Up 14 (0.6%) FTSE 100 Down 3.6 (0.1%) Asian Markets as on 8.45 AM  NIKKEI Up 22 (0.2%) HANG SENG Up 251 (1.1%) SGX NIFTY Up 30

FII DII DATA 23/02/2011

 FII Data: Net Index Futures (-1129 cr), Net Stock Futures (-54 crs), Derivative Market: Total Open Interest (Rs 11,60,672cr), Stock Futures Open Interest (Rs35,930cr)

Indian ADRs Update 23/02/2011

Indian ADRs Update : INFOSYS Down 2.0 (2.8%), WIPRO DOWN 0.1 (0.4%), ICICI BANK Down 1.0 (2.2%), HDFC BANK DOWN 5.3 (3.5%)

Global Markets update 23/02/2011

Research & Investment Advisory: Global Markets update: DJIA DOWN 179 (1.4%) NSDQ DOWN 78 (2.7%) FTSE 100 DOWN  18 (0.3%) Asian Markets   NIKKEI Down 21 (0.2%) HANG SENG UP 49 (0.21%) SGX NIFTY Down 26

BANKNIFTY FOR SUPPORT 23/02/2011

BANKNIFTY (2nd Resistance) 11105.38
(1st Resistance) 10972.77
Pivot point 10867.38
(1st Support) 10734.77
(2nd support) 10629.38

NIFTY FOR SUPPORT 23/02/2011

NIFTY (2nd Resistance) 5564.68
(1st Resistance) 5517.52
Pivot point 5472.83
(1st Support) 5425.67
(2nd support) 5380.98

Bartronics spurts on securing members nod for fund raising 29/12/2010

The announcement was made after market hours on Tuesday, 28 December 2010.
Meanwhile, the BSE Sensex was up 64.70 points, or 0.32% to 20,090.12
On BSE, 9.09 lakh shares were traded in the counter
The stock hit a high of Rs 96.25 and low of Rs 92.80 so far during the day. The stock had hit a 52-week high of Rs 187.05 on 8 February 2010 and a 52-week low of Rs 72.10 on 20 December 2010.
The company has an equity capital of Rs 34.05 crore. Face value per share is Rs 10.
Bartronics Indias shareholders at an annual general meeting held on 28 December 2010 approved raising funds through global depository receipts or American depository receipts or foreign currency convertible bonds or foreign currency exchangeable bonds, or any such instrument.
Bartronics Indias consolidated net profit declined 53% to Rs 16.54 crore on 28.20% rise in net sales to Rs 224.09 crore in Q2 September 2010 over Q2 September 2009. 

Gayatri Projects builds on new order win 29/12/2010

Shares of Maytas Infra surged 4.16% to Rs 185.10.
Gayatri Projects announced the new order win during trading hours today, 29 December 2010.
Meanwhile, the BSE Sensex was up 91.55 points, or 0.46%, to 20,116.97.
On BSE, 36,184 shares were traded in the counter compared with average volume of 28,698 shares over the past two weeks.
The stock hit a high of Rs 339 and a low of Rs 320.40 so far during the day.
Gayatri Projects net profit rose 6.7% to Rs 11.74 crore on 12% rise in net sales to Rs 280.48 crore in Q2 September 2010 over Q2 September 2009. 

Ambuja Cements allots equity shares 29/12/2010

The committee of Ambuja Cements in its meeting on 17 December 2010 has allotted 3,000 equity shares of face value of Rs. 2 each out of the shares kept in abeyance in the rights issue of 1992.
Further, the committee has allotted 11,77,200 equity shares on exercise of the stock options by the employees under ESOS. 

Opto Circuits (India) to announce Q3 results 29/12/2010

The board meeting of Opto Circuits (India) will be held on 18 January 2011 to consider the un-audited financial results of the company for the quarter ending 31 December 2010 (Q3).

KPIT Cummins spurts after bulk deal 29/12/2010

Meanwhile, the BSE Sensex was up 44.86 points, or 0.22% at 20,070.28
A bulk deal of 7.94 lakh shares was executed on the KPIT Cummins Infosystems stock at Rs 144.30 per share at 09:18 IST on the BSE.
On BSE, 9.44 lakh shares were traded in the counter. The stock hit a high of Rs 148.95 and a low of Rs 142.95 so far during the day.
KPIT Cummins Infosystems consolidated net profit rose 22.67% to Rs 23.75 crore on 13.98% increase in net sales to Rs 234.95 crore in Q2 September 2010 over Q1 June 2010. 

Surya Pharmaceutical acquires ActivOn 28/12/2010

Surya Pharmaceutical has acquired ActivOn, a leading OTC analgesic drug brand in the USA, with global marketing rights. The brand comes with the acquisition of Ameshire Investment Corp, USA through its 100% subsidiary based out of Singapore. The company has funded the investment of US$ 22 million through a mix of internal accrual and debt financing from EXIM Bank.
ActivOn is a leading OTC analgesic brand in the topical analgesic category in the US market, It is used to provide relief of joint and muscle pain associated with arthritis, backache, strains, bruises and sprains. Through the acquisition, the company also adds to its portfolio brands namely, Preferon, Firston and Renewin. The company would also have the global marketing rights for Headon another leading brand, except USA.
The company made this announcement during the trading hours today, 28 December 2010. 

Lanco Infratech gains on plans to hive off power business 28/12/2010

Meanwhile, the BSE Sensex was up 6.43 points, or 0.14%, to 20,035.36.
On BSE, 1.60 lakh shares were traded in the counter compared with the average volume of 6.54 lakh shares in past one quarter.
The stock hit a high of Rs 64.70 and a low of Rs 62.80 so far during the day. The stock had hit a 52-week high of Rs 74.70 on 24 August 2010 and a 52-week low of Rs 40.80 on 5 February 2010.
The large-cap stock had underperformed the market over the past one month till 27 December 2010, rising 1.72% compared with the Sensexs return of 4.66%. It had also underperformed the market in past one quarter, declining 9.06% as against 0.44% fall in the Sensex.
The company has an equity capital of Rs 240.78 crore. Face value per share is Re 1.
As per reports, Lanco Infratech has an operational power generation capacity of 2,100 megawatts (MW) under eight special purpose vehicles (SPVs). It plans to raise its capacity to 4000 MW by 2011 and subsequently to 15000 MW by 2015, reports added.
Lanco Infratech is primarily into power and road projects with the power business currently accounting for over half of the companys revenue.
Lanco Infratechs consolidated net profit declined 42.5% to Rs 70.45 crore on 6% rise in net sales to Rs 2041.74 crore in Q2 September 2010 over Q2 September 2009. 

Gujarat NRE Coke allots equity shares & warrants 28/12/2010

The committee of Gujarat NRE Coke in its meeting on 27 December 2010 has allotted 6 crore convertible warrants to promoters/ promoter group company on preferential/ private placement basis at Rs. 62.50 per share.
Further, the committee has allotted 1,02,525 equity shares of Rs. 10 each and 10,252 B equity shares of Rs. 10each (towards bonus) under Employee Stock Option Scheme, 2005.
Consequently, the paid-up capital of the company has increased from Rs. 557.86 crore to Rs. 557.97 crore.

BF Utilities extends gains on signing Rs 500-crore FDI for unit 28/12/2010

The announcement was made after market hours on Friday, 24 December 2010. Boosted by the announcement, the stock had jumped 7.65% to Rs 908.90 on Monday, 27 December 2010.
Meanwhile, the BSE Sensex was up 28.14 points, or 0.14%, to 20,057.07
On BSE, 2.92 lakh shares were traded in the counter as against an average daily volume of 1.68 lakh shares in the past one quarter.
The stock hit a high of Rs 940 and a low of Rs 906 so far during the day. The stock had hit a 52-week high of Rs 1431.80 on 7 January 2010 and a 52-week low of Rs 652 on 10 December 2010.
The mid-cap firm has an equity capital of Rs 18.83 crore. Face value per share is Rs 5.
On Friday, 24 December 2010, BF Utilities said the board of directors of the company and its subsidiary Nandi Economic Corridor Enterprises (NECE) have approved the proposal and signed definitive agreements for raising funds through a potential issue of equity shares and compulsory convertible preference shares for a minority stake in NECE.
The objective of the fund raising is to augment NECEs equity resources required for part financing the project cost for the implementation of phase I of the Bangalore Mysore Infrastructure Corridor Project, BF Utilities added.
BF Utilities net profit fell 19% to Rs 2.48 crore on 7.90% decline in net sales to Rs 8.59 crore in Q4 September 2010 over Q4 September 2009.

INDIAN ADRS UPDATE 14/12/2010

INFOSYS Up 0.69 (0.99%), WIPRO Down 0.13 (0.89%), ICICI BANK Up 0.25 (0.51%), HDFC BANK Down 0.85 (0.51%), MTNL Down 0.07 (2.83%)  

BANKNIFTY FOR SUPPORT 14/12/2010

BANKNIFTY (2nd Resistance) 11794.97
(1st Resistance) 11683.23
Pivot point 11488.27
(1st Support) 11376.53
(2nd support) 11181.57

NIFTY FOR SUPPORT 14/12/2010

NIFTY (2nd Resistance) 6093.15
(1st Resistance) 6013.05
Pivot point 5904.9
(1st Support) 5824.8
(2nd support) 5716.65

BUY MUNDRAPOR 25/11/2010

BUY MUNDRAPOR(532921) : 142.50-163 STOP-LOSS:138 TARGET:150-TGT2:154.40  FOR 6-7 DAY CALL FOR POSITIONAL  

BANKNIFTY FOR SUPPORT 22/11/2010

BANKNIFTY (2nd Resistance) 12515.67
(1st Resistance) 12301.18
Pivot point 12160.87
(1st Support) 11946.38
(2nd support) 11806.07

NIFTY FOR SUPPORT 22/11/2010

NIFTY (2nd Resistance) 6074.02
(1st Resistance) 5982.08
Pivot point 5921.07
(1st Support) 5829.13
(2nd support) 5768.12

BANKNIFTY FOR SUPPORT 19/11/2010

BANKNIFTY (2nd Resistance) 12953.78
(1st Resistance) 12664.57
Pivot point 12377.78
(1st Support) 12088.57
(2nd support) 11801.78

NIFTY FOR SUPPORT 19/11/2010

NIFTY (2nd Resistance) 6136.3
(1st Resistance) 6083.95
Pivot point 6004.65
(1st Support) 5952.3
(2nd support) 5873

BANKNIFTY FOR SUPPORT 18/11/2010

BANKNIFTY (2nd Resistance) 12999.35
(1st Resistance) 12774.2
Pivot point 12614.85
(1st Support) 12389.7
(2nd support) 12230.35

NIFTY FOR SUPPORT 18/11/2010

NIFTY (2nd Resistance) 6193.48
(1st Resistance) 6094.22
Pivot point 6034.73
(1st Support) 5935.47
(2nd support) 5875.98

BANKNIFTY FOR SUPPORT 10/11/2010

BANKNIFTY (2nd Resistance) 13380
(1st Resistance) 13286.55
Pivot point 13141.55
(1st Support) 13048.1
(2nd support) 12903.1

NIFTY FOR SUPPORT 10/11/2010

NIFTY (2nd Resistance) 6399.45
(1st Resistance) 6366.45
Pivot point 6314
(1st Support) 6281
(2nd support) 6228.55

NIFTY FOR SUPPORT 10/11/2010

NIFTY (2nd Resistance) 6399.45
(1st Resistance) 6366.45
Pivot point 6314
(1st Support) 6281
(2nd support) 6228.55

Forthcoming Quarterly Results 03/11/2010

GAIL
MTNL
CESC
GTL
OBC
AUROBINDO
LAKSHIVILAS BANK
FIRST LEASING
SHASUNCHEM
SURYAPHAMA
SUND CLAYTON
KEC INTL
CLEOD RUSSEL
VESUVIOUS
TTK HEALTH

Forthcoming Quarterly Results 29/10/2010

ABB
BALLARPUR
BHEL
BLUESTAR
FEDBK
GHCL
GESHIP
HEROHONDA
HCC
IOB
ITC
JETAIR
NEROLAC
M&M
NAGFERT
NESTLE
NIRMA
WELCORP
UCOBK
TATACHEM  
SYND BK

NIFTY FOR SUPPORT 29/10/2010

NIFTY (2nd Resistance) 6112
(1st Resistance) 6050
Pivot point 6009
(1st Support) 5947
(2nd support) 5906

BANKNIFTY FOR SUPPORT 27/10/2010

BANKNIFTY (2nd Resistance) 12549.25
(1st Resistance) 12473.5
Pivot point 12424.25
(1st Support) 12348.5
(2nd support) 12299.25

NIFTY FOR SUPPORT 27/10/2010

NIFTY (2nd Resistance) 6161.42
(1st Resistance) 6134.83
Pivot point 6114.42
(1st Support) 6087.83
(2nd support) 6067.42

BANKNIFTY FOR SUPPORT 25/10/2010

BANKNIFTY (2nd Resistance) 12638.3
(1st Resistance) 12531.3
Pivot point 12430.9
(1st Support) 12323.9
(2nd support) 12223.5

NIFTY FOR SUPPORT 25/10/2010

NIFTY (2nd Resistance) 6191.52
(1st Resistance) 6140.63
Pivot point 6099.12
Pivot point 6048.23
(2nd support) 6006.72

BANKNIFTY FOR SUPPORT 22/10/2010

BANKNIFTY (2nd Resistance) 12734.12
(1st Resistance) 12620.23
Pivot point 12426.12
(1st Support) 12312.23
(2nd support) 12118.12

NIFTY FOR SUPPORT 22/10/2010

NIFTY (2nd Resistance) 6244.32
(1st Resistance) 6189.73
Pivot point 6097.42
Pivot point 6042.83
(2nd support) 5950.52

BANKNIFTY FOR SUPPORT 06/10/2010

BANKNIFTY (2nd Resistance) 12797.18
(1st Resistance) 12726.37
Pivot point 12677.18
(1st Support) 12606.37
(2nd support) 12557.18

NIFTY FOR SUPPORT 06/10/2010

NIFTY (2nd Resistance) 6248.15
(1st Resistance) 6215.5
Pivot point 6192.15
(1st Support) 6159.5
(2nd support) 6136.15

BANKNIFTY FOR SUPPORT 05/10/2010

BANKNIFTY (2nd Resistance) 12860.68
(1st Resistance) 12779.97
Pivot point 12707.23
(1st Support) 12626.52
(2nd support) 12553.78

NIFTY FOR SUPPORT 05/10/2010

NIFTY (2nd Resistance) 6275.77
(1st Resistance) 6230.63
Pivot point 6202.87
(1st Support) 6157.73
(2nd support) 6129.97

BANKNIFTY FOR SUPPORT 04/10/2010

BANKNIFTY (2nd Resistance) 12778.53
(1st Resistance) 12687.52
Pivot point 12528.78
(1st Support) 12437.77
(2nd support) 12279.03

NIFTY FOR SUPPORT 04/10/2010

NIFTY (2nd Resistance) 6270.7
(1st Resistance) 6223.5
Pivot point 6136.75
(1st Support) 6089.55
(2nd support) 6002.8

BANKNIFTY FOR SUPPORT 01/10/2010

BANKNIFTY (2nd Resistance) 12401.38
(1st Resistance) 12332.77
Pivot point 12291.38
(1st Support) 12222.77
(2nd support) 12181.38

NIFTY FOR SUPPORT 01/10/2010

 NIFTY (2nd Resistance) 6106.73
(1st Resistance) 6053.57
Pivot point 6021.83
(1st Support) 5968.67
(2nd support) 5936.93