Nifty has had a pretty choppy session today. It opened in red, then drifted to the lows of 5778. After testing the support of 5770 it bounced back sharply to the high of 5809. After that it had been only a range bound session. It was only European markets in the 2nd half that dictated direction to nifty. Initially nifty went down but soon recovered to make day high of 5828m and closed marginally positive.
As per my view, nifty is trading in the broad range of 5770-5865. The FOMC meet today night will provide clear direction for the markets world wide. Ben Bernanke is expected to keep the fiscal stimulus going on and let the QE wind up up to his successor. But even a hawkish tone will be enough to send markets on downward trajectory. The long positions should be held till 5770 is protected. The support for nifty lies at 5790-5740-5700 and the resistance is at 5845-5880-5945.
Nifty June Future has been trading at 1 points premium to the spot.
The implied volatility on the Nifty June Options of ATM strike calls
were at 17.93 and for puts were at 21.68. India VIX closed at 18.46. PCR
for Nifty based on open interest was at 0.93 and PCR for the day based
on volumes was at 0.97 for the market.
CASH MARKET:
FII 1984.88 - 2529.84 = (544.96)Cr.
DII 1171.53 - 755.71 = 415.82 Cr.
FII DERIVATIVES MARKET:
| BUY | SELL | NET | |
| INDEX FUTURES | 1121.35 | 1481.72 | -360.37 |
| STOCK FUTURES | 1964.82 | 1335.94 | 628.88 |
CORPORATE ACTION:
| Ex-Date | Company | Purpose |
| 20-Jun-13 | Central Bank of India | Annual General Meeting/Dividend Rs 2.50 Per Equity Share |
| 20-Jun-13 | Kalyani Forge Limited | Annual General Meeting And Dividend Rs.2.50 Per Share |
| 20-Jun-13 | Bharti Infratel Limited | Annual General Meeting And Dividend Rs.3/- Per Share |
| 20-Jun-13 | Indian Overseas Bank | Final Dividend Rs.2/- Per Equity Share |
| 20-Jun-13 | Cera Sanitaryware Limited | Dividend Rs.4 Per Equity Share |
| 20-Jun-13 | NIIT Technologies Limited | Annual General Meeting And Dividend Rs.8.50 Per Share |
| 20-Jun-13 | Havells India Limited | Annual General Meeting And Dividend Rs.7.50 Per Share |
| 20-Jun-13 | Lloyds Finance Limited | Annual General Meeting |
| 20-Jun-13 | Bank of India | Annual General Meeting / Dividend - Rs.10/- Per Equity Share |
| 20-Jun-13 | Petronet LNG Limited | Annual General Meeting/ Dividend Rs 2.50/- Per Share |
| 20-Jun-13 | The South Indian Bank Limited | Annual General Meeting/Dividend Re 0.70 Per Equity Share |
| 20-Jun-13 | Dena Bank | Annual General Meeting And Dividend Rs.4.70 Per Share |
| 20-Jun-13 | Union Bank of India | Annual General Meeting And Dividend Rs.8/- Per Share |
| 20-Jun-13 | NIIT Limited | Annual General Meeting And Dividend Rs.1.60 Per Share |
Stocks In News:
SEBI
-To auction Rs 42,022 crore worth government bonds for FIIs today
Alert: This is the biggest sale of G-SECs so far this year
-Auction to be on electronic exchange platform of BSE
-Auction to be held between 3.30 pm and 5.30 pm today
( Financial Technologies and MCX in focus)
IL&FS files suit in Bombay HC against MCX and FT promoter firm La-Fin: CNBC-TV18 Exclusive
Alert: La-Fin and IL&FS reached buyback agreement in August 2009
Alert: IL&FS had bought 4.4 crore shares for 2.54 percent stake in MCX-SX
Alert: La-Fin expressed difficulty in honoring commitment on account of SEBI's
Financial Technologies says
-Legal interpretation is necessary for clarity
-Unable to comment as matter is sub-judice
Finance Ministry likely to notify Commodities Transaction Tax (CTT) today: Sources
-CTT to be applicable from July 1
-Finance ministry to clarify CTT's applicability on commodities
-23 agro commodities likely to be out of CTT
-Wheat, Soyabean, Maize, Almond, Barley, Channa to be out of CTT
-Cardamom, Coriander, Cotton and Guar Seed to be out of CTT
-Agro processed foods: Soyaoil, Guar Gum to attract CTT
-No commodities transaction tax on spot trading
Tata Steel
-Gets 5-year contract to supply aerospace steel to Safran grp
-Initial value of contract is over £ 9 m per year
-Safran group's contract value may rise over 5-year period
Cabinet Panel to take up Neyveli Lignite divest tomorrow: Govt Sources - cogencis
-Cabinet panel to mull 5 percent divest in Neyveli Lignite
-Neyveli Lignite CMP at Rs 59.75
-Govt stake at 93.56 percent - may be able to raise around Rs 460 crore
Bharti Airtel
-Slashes 2G data tariffs in Punjab, Haryana by 90 percent: PTI
-2G data tariff slashed to 1 paise/10kb from 10 paise/10kb: PTI
TFCI (CMP Rs 22.25)
-Submits application with RBI for banking licence
Alert: TFCI is Tourism Finance Corporation of India
Alert: SBI holds 9.19 percent in Tourism Finance Corporation; IFCI has 42.50 percent
JSW Steel CFO Seshagiri Rao says
-Company operating at 80 percent capacity utilization
-Resuming iron ore mines in Karnataka taking more time than expected
-Availability of coal continues to be an issue
-Iron-ore availability in range of 15-16 mt against requirement of 30 mt
-Committed for West Bengal steel project; in process of tie-ups for raw material
-Several projects suffering due to raw material linkages & land acquisition
Ramco System in partnership agreement with Eurocopter -To offer cloud-based maintenance information systems for helicopters
Other stocks and sectors that are in news today:- Bharti Airtel to invest USD 125 million in Gabon
- Edelweiss to decide on applying for banking licence next week
-NSE to exclude Sintex from F&O effective August 30
- Globus Spirits to mull buying major stake in Globus Trois on June 20
- Tata Motors plans slew of launches, announces 8 upgrades, new SUV and other small car roll out from Sanand plant
- Hindustan Copper starts roadshow for second trance of stake sale DNA
-European Union slaps Rs 80 crore fine on Ranbaxy for delaying launch of low cost drug
- Wipro wins mega deal from Citi worth Rs 2900 crore
- NHPC faces arbitration claims as Infra co dues soar to over Rs 10000 crore ET
-SAT allows Akahya Infra to withdraw open offer for Marg
- Fresenius Kabi challenges SEBI’s minimum shareholding order, seeks permission to delist
- Winsome Diamonds referred to corporate debt restructuring (CDR) cell
- DR Reddys dragged to court in US over kidney drug patent by Abbort arm
-FM may ask PSU Banks to cut lending rates, recover bad loans ET
SEBI
-To auction Rs 42,022 crore worth government bonds for FIIs today
Alert: This is the biggest sale of G-SECs so far this year
-Auction to be on electronic exchange platform of BSE
-Auction to be held between 3.30 pm and 5.30 pm today
( Financial Technologies and MCX in focus)
IL&FS files suit in Bombay HC against MCX and FT promoter firm La-Fin: CNBC-TV18 Exclusive
Alert: La-Fin and IL&FS reached buyback agreement in August 2009
Alert: IL&FS had bought 4.4 crore shares for 2.54 percent stake in MCX-SX
Alert: La-Fin expressed difficulty in honoring commitment on account of SEBI's
Financial Technologies says
-Legal interpretation is necessary for clarity
-Unable to comment as matter is sub-judice
Finance Ministry likely to notify Commodities Transaction Tax (CTT) today: Sources
-CTT to be applicable from July 1
-Finance ministry to clarify CTT's applicability on commodities
-23 agro commodities likely to be out of CTT
-Wheat, Soyabean, Maize, Almond, Barley, Channa to be out of CTT
-Cardamom, Coriander, Cotton and Guar Seed to be out of CTT
-Agro processed foods: Soyaoil, Guar Gum to attract CTT
-No commodities transaction tax on spot trading
Tata Steel
-Gets 5-year contract to supply aerospace steel to Safran grp
-Initial value of contract is over £ 9 m per year
-Safran group's contract value may rise over 5-year period
Cabinet Panel to take up Neyveli Lignite divest tomorrow: Govt Sources - cogencis
-Cabinet panel to mull 5 percent divest in Neyveli Lignite
-Neyveli Lignite CMP at Rs 59.75
-Govt stake at 93.56 percent - may be able to raise around Rs 460 crore
Bharti Airtel
-Slashes 2G data tariffs in Punjab, Haryana by 90 percent: PTI
-2G data tariff slashed to 1 paise/10kb from 10 paise/10kb: PTI
TFCI (CMP Rs 22.25)
-Submits application with RBI for banking licence
Alert: TFCI is Tourism Finance Corporation of India
Alert: SBI holds 9.19 percent in Tourism Finance Corporation; IFCI has 42.50 percent
JSW Steel CFO Seshagiri Rao says
-Company operating at 80 percent capacity utilization
-Resuming iron ore mines in Karnataka taking more time than expected
-Availability of coal continues to be an issue
-Iron-ore availability in range of 15-16 mt against requirement of 30 mt
-Committed for West Bengal steel project; in process of tie-ups for raw material
-Several projects suffering due to raw material linkages & land acquisition
Ramco System in partnership agreement with Eurocopter -To offer cloud-based maintenance information systems for helicopters
Other stocks and sectors that are in news today:- Bharti Airtel to invest USD 125 million in Gabon
- Edelweiss to decide on applying for banking licence next week
-NSE to exclude Sintex from F&O effective August 30
- Globus Spirits to mull buying major stake in Globus Trois on June 20
- Tata Motors plans slew of launches, announces 8 upgrades, new SUV and other small car roll out from Sanand plant
- Hindustan Copper starts roadshow for second trance of stake sale DNA
-European Union slaps Rs 80 crore fine on Ranbaxy for delaying launch of low cost drug
- Wipro wins mega deal from Citi worth Rs 2900 crore
- NHPC faces arbitration claims as Infra co dues soar to over Rs 10000 crore ET
-SAT allows Akahya Infra to withdraw open offer for Marg
- Fresenius Kabi challenges SEBI’s minimum shareholding order, seeks permission to delist
- Winsome Diamonds referred to corporate debt restructuring (CDR) cell
- DR Reddys dragged to court in US over kidney drug patent by Abbort arm
-FM may ask PSU Banks to cut lending rates, recover bad loans ET
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