Nifty today opened gap down of 29 points in line with the weak global ques. It however bounced back smartly from the support of 50 DMA. The day range was of almost 85 points. The strong up move came on the back of strong European markets in the second half of the trading session. Bulls have been trying hard to move the market for past two days and has had some success today. Although the last minute sell off has been of some concern. The market has formed an outside bar pattern which indicates a short term reversal. A reversal confirmation will be visible only if nifty starts trading above 5974. A failure to cross this resistance can lead the markets to lower. The nifty has resistance at 5980-6000-6034 and support is at 5855-5800-5750.
Nifty June Future has been trading at 10-11 points premium to the spot. The implied volatility on the Nifty June Options of ATM strike calls were at 14.46 and for puts were at 18.57. India VIX closed at 17.35. PCR for Nifty based on open interest was at 0.84 and PCR for the day based on volumes was at 0.98 for the market.
Cash Market:
FII 2088.43 - 2358.9 = (270.47) Cr
DII 1033.05 - 734.97 = 298.08 Cr
FII Derivatives Markets:
source:nseindia.com
Stocks in news:
Sundaram Clayton IPP opens and closes today
-Floor price Rs 297.5 per share, issue upto 12.64 lakh shares
Essel Propack (CMP at Rs 44): CNBC-TV18 exclusive sources
-Essel Propack in talks with PE players to raise Rs 150 crore
Alert: Essel Propack is FMCG subsidiary of Essel Group
-Essel Propack needs fund to deleverage balance sheet
Alert: Essel Propack debt stands at Rs 756 crore
Kingfisher Airlines (KFA)
-Pilots, engineers on protest outside KFA house in Mumbai
KFA employees say
-To be on protest outside KFA house till salary dues cleared
GAIL
-Inks MoU with Shipping Corporation for LNG transport from US
GAIL says
-Pact with Shipping Corporation to transport 5.8 mtpa LNG from US
-Shipping Corporation to help company charter ships for US LNG
CERC adjourns compensation petition for Sasan Power hearing-CERC to set next date of hearing for Sasan UMPP after June 15
Alert: Reliance Power operates 4000 MW Sasan UMPP
Fortis Healthcare (CMP at Rs 90 per share)
-Allots 1.88 crore shares to IFC on preferential basis
-Issue price at Rs 99.09/share
-1.88 crore represents 4.3 percent stake, rake up around Rs 187 crore
Aurobindo Pharma -Recalls 2 lots of Lisinopril Tablets in US
-Recalls Lisinopril tablets on labelling error
(Lisinopril is used to treat hypertension, congestive heart failure and to improve survival after a heart attack)
Redington ties up with CtrlS data centers
-CtrlS is Asia's largest and India's only tier 4 certified data center
-Redington ties up to distribute CtrlS cloud offering across India
Other stocks and sectors that are in news today:-IDFC-Khazana JV leads race for GMR Road assets ET
- L&T , Tech Mahindra eye Polaris’ IT unit TOI
-Prime Minister's Office (PMO) may approved proposed 10 percent stake sale in Coal India after finance ministry clarification ET (Finance ministry to address all workers concerns)
-Apollo Pharmacy halts sale of Ranbaxy drugs BS
- RPG Life sells lease rights on Navi Mumbai land to Maruti for Rs 76.9 crore (RPG Life market cap Rs 3100 crore)
- Claris Life gets US FDA okay for generic Levofloxacin injection
- Mahindra Satyam : Bridgestone Europe extends multi-year IT services pact with company
-CCEA meet to finalise coal importing mechanism postponed indefinitely
Govt issues clarifications on FDI in multi-brand retail (MBR)-30 percent sourcing only for front- end stores
-MBR entity cannot do any other distribution
-Sourcing conditions only for manufactured store products
-Procurement of fresh produce not covered
-Entire investment in back-end infra to be fresh
-Can only invest in greenfield assets
-No acquisitions permitted for back-end assets
-FDI in MBR entity cannot take undertake wholesale activity
-MBR front-end stores to be owned & operated by company
-Cash & Carry trading can't be treated as back-end infra
-Wholesale trading cannot be treated as back-end infra
-Back-end infra investment will have to be greenfield for MBR
-MBR trading via e-commerce not permitted
-Franchisee route not permitted in MBR FDI
-Sourcing norms do not cover farm produce
-Central govt policy has been communicated to states
-States free to regulate MBR trade
-States may impose additional conditions
-State govt consent sufficient for foreign companies to enter MBR
-Still considering sourcing restriction amongst group companies
-Still considering requirement of 50 percent back-end infra investment within 3 years
-Still considering requirement of 30 percent sourcing from small industries
source: nseindia.com
Corporate Action:
Securities in ban period:
HDIL
Todays trades
Nifty June Future has been trading at 10-11 points premium to the spot. The implied volatility on the Nifty June Options of ATM strike calls were at 14.46 and for puts were at 18.57. India VIX closed at 17.35. PCR for Nifty based on open interest was at 0.84 and PCR for the day based on volumes was at 0.98 for the market.
Cash Market:
FII 2088.43 - 2358.9 = (270.47) Cr
| BUY | SELL | NET | |
| INDEX FUTURES | 1111.21 | 2245.99 | -1134.78 |
| STOCK FUTURES | 1371.70 | 1415.71 | -44.01 |
Stocks in news:
Sundaram Clayton IPP opens and closes today
-Floor price Rs 297.5 per share, issue upto 12.64 lakh shares
Essel Propack (CMP at Rs 44): CNBC-TV18 exclusive sources
-Essel Propack in talks with PE players to raise Rs 150 crore
Alert: Essel Propack is FMCG subsidiary of Essel Group
-Essel Propack needs fund to deleverage balance sheet
Alert: Essel Propack debt stands at Rs 756 crore
Kingfisher Airlines (KFA)
-Pilots, engineers on protest outside KFA house in Mumbai
KFA employees say
-To be on protest outside KFA house till salary dues cleared
GAIL
-Inks MoU with Shipping Corporation for LNG transport from US
GAIL says
-Pact with Shipping Corporation to transport 5.8 mtpa LNG from US
-Shipping Corporation to help company charter ships for US LNG
CERC adjourns compensation petition for Sasan Power hearing-CERC to set next date of hearing for Sasan UMPP after June 15
Alert: Reliance Power operates 4000 MW Sasan UMPP
Fortis Healthcare (CMP at Rs 90 per share)
-Allots 1.88 crore shares to IFC on preferential basis
-Issue price at Rs 99.09/share
-1.88 crore represents 4.3 percent stake, rake up around Rs 187 crore
Aurobindo Pharma -Recalls 2 lots of Lisinopril Tablets in US
-Recalls Lisinopril tablets on labelling error
(Lisinopril is used to treat hypertension, congestive heart failure and to improve survival after a heart attack)
Redington ties up with CtrlS data centers
-CtrlS is Asia's largest and India's only tier 4 certified data center
-Redington ties up to distribute CtrlS cloud offering across India
Other stocks and sectors that are in news today:-IDFC-Khazana JV leads race for GMR Road assets ET
- L&T , Tech Mahindra eye Polaris’ IT unit TOI
-Prime Minister's Office (PMO) may approved proposed 10 percent stake sale in Coal India after finance ministry clarification ET (Finance ministry to address all workers concerns)
-Apollo Pharmacy halts sale of Ranbaxy drugs BS
- RPG Life sells lease rights on Navi Mumbai land to Maruti for Rs 76.9 crore (RPG Life market cap Rs 3100 crore)
- Claris Life gets US FDA okay for generic Levofloxacin injection
- Mahindra Satyam : Bridgestone Europe extends multi-year IT services pact with company
-CCEA meet to finalise coal importing mechanism postponed indefinitely
Govt issues clarifications on FDI in multi-brand retail (MBR)-30 percent sourcing only for front- end stores
-MBR entity cannot do any other distribution
-Sourcing conditions only for manufactured store products
-Procurement of fresh produce not covered
-Entire investment in back-end infra to be fresh
-Can only invest in greenfield assets
-No acquisitions permitted for back-end assets
-FDI in MBR entity cannot take undertake wholesale activity
-MBR front-end stores to be owned & operated by company
-Cash & Carry trading can't be treated as back-end infra
-Wholesale trading cannot be treated as back-end infra
-Back-end infra investment will have to be greenfield for MBR
-MBR trading via e-commerce not permitted
-Franchisee route not permitted in MBR FDI
-Sourcing norms do not cover farm produce
-Central govt policy has been communicated to states
-States free to regulate MBR trade
-States may impose additional conditions
-State govt consent sufficient for foreign companies to enter MBR
-Still considering sourcing restriction amongst group companies
-Still considering requirement of 50 percent back-end infra investment within 3 years
-Still considering requirement of 30 percent sourcing from small industries
source: nseindia.com
Corporate Action:
| Ex-Date | Company | Industry | Purpose |
| 07-Jun-13 | Pricol Limited | Auto Ancillaries | Annual General Meeting And Dividend Re.0.40 Per Share |
| 07-Jun-13 | Rallis India Limited | Pesticides And Agrochemicals | Annual General Meeting/Dividend Rs 1.30/- Per Share |
| 07-Jun-13 | Kansai Nerolac Paints Limited | Paints | Annual General Meeting And Dividend Rs.11/- Per Share |
Securities in ban period:
HDIL
Todays trades
| 06/06/2013 | |||||||
| script | buy/sell | entry | target | stoploss | intraday/Positonal | reached | |
| acc | buy | 1193.25 | 1199.25 | 1189.55 | intraday | 1207 | |
| nifty fut | buy | 5894 | 5924 | 5878 | intraday | 5968 | |
| icicibank | buy | 1150.55 | 1156.65 | 1148 | intraday | 1157.4 | |
| sbin | buy | 2169 | 2185 | 2159 | intraday | sl triggered | |
| nifty fut | sell | 5986 | 5926 | 6000 | intraday | 5883.1 | |
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