Nifty Daily For 19th July 2013

                  Nifty opened marginally in the green at 5984 and make high of 6005. It then kept trading in the tight band of 25 points i.e. 6005 and 5975 for better part of the session. Only the last half an hour saw the buying coming in and it swiftly broke past the earlier highs of 6038. Nifty made a new swing high of 6051. The bank nifty was the main component taking the nifty up on its shoulders. Bank nifty outperformed nifty with the closing gains of 2% v/s 1% gains of nifty. This again underlined the importance of banks contributing in the rally. Although the Fed chairman Mr. Ben Bernanke testimony to the congress was neutral, there was no specific plan laid out for tightening of monetary policy. It only reiterated the fact that Fed will keep easing till economic growth is clearly visible.  The nifty will keep moving up along with other world markets. 

              The support for nifty is at 6025-5975-5955 and the resistance lies at 6088-6120-6165. Nifty July Future has been trading at 14-15 points premium to the spot. The implied volatility on the Nifty July Options of ATM strike calls were at 16.93 and for puts were at 15.96. India VIX closed at 18.27. PCR for Nifty based on open interest was at 1.31 and PCR for the day based on volumes was at 1.20 for the market.

Cash Market:

FII                  3188.45 - 3366.74 = (178.29) Cr.

DII                1423.83 - 1663.24 = (239.41) Cr.

FII Derivatives Market:

In Cr.	buy	sell	net
INDEX FUTURES	2510.36	2480.34	30.02
INDEX OPTIONS	15035.74	14570.73	465.02
STOCK FUTURES	2754.67	2430.44	324.23
STOCK OPTIONS	1628.05	1719.02	-90.98

Corporate Action:

 

Ex-Date	Company	Purpose
19-Jul-13	Monsanto India Limited	Annual General Meeting / Final Dividend - Rs.12/- Per Share
19-Jul-13	Alstom India Limited	Annual General Meeting And Dividend Rs.10/- Per Share
19-Jul-13	Indoco Remedies Limited	Annual General Meeting/Dividend Rs 1.10 Per Share
19-Jul-13	Sicagen India Limited	Annual General Meeting / Dividend - Re 1/- Per Share
19-Jul-13	Madras Cements Limited	Annual General Meeting And Final Dividend Re.1/- Per Share
19-Jul-13	TIL Limited	Annual General Meeting And Dividend Rs.2/- Per Share
19-Jul-13	Shoppers Stop Limited	Annual General Meeting/ Dividend Re 0.75/- Per Share
19-Jul-13	Ramco Industries Limited	Annual General Meeting/Dividend Re 0.20/- Per Share
19-Jul-13	BLB Limited	Annual General Meeting/Dividend Re 0.10/- Per Equity Share
19-Jul-13	Geometric Limited	Annual General Meeting / Dividend - Rs 1.70/- Per Share
19-Jul-13	IPCA Laboratories Limited	Annual General Meeting/Dividend Rs 2/- Per Share
19-Jul-13	Jaiprakash Associates Limited	Annual General Meeting/Dividend Re 0.50 Per Share
19-Jul-13	Hathway Cable & Datacom Limited	Annual General Meeting
19-Jul-13	Greaves Cotton Limited	Annual General Meeting/ Final Dividend Rs 0.50 Per Equity Share
19-Jul-13	Kesoram Industries Limited	Annual General Meeting
19-Jul-13	Sakuma Exports Limited	Annual General Meeting/Dividend Re 1/- Per Share
19-Jul-13	The Andhra Pradesh Paper Mills Limited	Annual General Meeting
19-Jul-13	Jaypee Infratech Limited	Annual General Meeting / Dividend - Re 1 Per Share
19-Jul-13	Kirloskar Brothers Investments Limited	Annual General Meeting And Dividend Rs.4/- Per Share
19-Jul-13	Pennar Industries Limited	Annual General Meeting / Dividend - Re 1/- Per Share
19-Jul-13	Piramal Life Sciences Limited	Annual General Meeting
19-Jul-13	M AND B Switchgears Limited	Annual General Meeting/Dividend Re 0.10 Per Share
19-Jul-13	Halonix Limited	Annual General Meeting
19-Jul-13	IG Petrochemicals Limited	Annual General Meeting

Stocks In News:**

Results Today - Reliance Industries, Bajaj Auto , HDFC , UCO Bank, Federal Bank, Crisil, Bajaj Holdings, Eclerx, Hexaware, Hindustan Media Ventures, Hindustan Zinc, JK Paper, Mastek, NIIT, Unichem Labs, Zenith Info, Mafatlal Finance

Reserve Bank of India (RBI):
-Sells only Rs 2,535 crore of bonds in open market operation
-Rejects all bids for 8.07 percent, 2017 and 8.15 percent, 2022 bond
-Sells Rs 777 crore of 8.33 percent, 2026 bond
-Sells Rs 1755 crore of 8.97 percent, 2030 bond
*** Street fears CRR hike as bond auction flops

SEBI, NSE to disable 26 entities/persons from trading-Entities/persons disabled for 6 months or till investigation ends
-Entities/persons linked to Gitanjali Gems , Prime Broking
-Entities/person includes Gitanjali Gems' promoter Mehul Choksi

Reliance Communications CEO to CNBC-TV18:
-Have slashed 3G data tariffs by 50 percent
-Most users not switching to 3G due to tariff issues
-Intend to capture 40 percent of market share post tariff cut in 13 circles
-Voice tariffs likely to go up; will get rationalised
-3G tariff cut rational move; spectrum lying under-utilised

Bajaj Corp (CMP Rs 245)
-Promoter to sell 1.44 crore shares (9.47 percent equity) in company via offer for sale (OFS)
-Floor price for OFS set at Rs 200/share

BEML
-Receives order worth Rs 747 crore from Delhi metro: Reuters
-Order to boost order book position to Rs 6400 crore: Reuters

Maruti Suzuki asks Special Public Prosecutor (SPP) to hasten conclusion of Manesar violence case: CNBC-TV18 Exclusive
Maruti Suzuki chairman RC Bhargava to CNBC-TV18:
-Will not take back laid off workers after Manesar violence incident
-Workers laid off based on evidence of our internal report
-Japanese investments may suffer if matter not concluded fast
-Production at Manesar back to normal hence its reached closure
-Violence by workers had absolutely no justification

CNBC-TV18 Exclusive: Jet Airways -Etihad Deal:
-5 key red flags raised by Department Of Industrial Policy & Promotion (DIPP) on Jet-Etihad revised shareholder agreement (SHA)
-Effective control can be circumvented in amended SHA
-Fear foreign investor can gain effective control of Jet
-Naresh Goyal will not have voting power as chairman
-3 ‘investor directors’ shall not be liable for any default
-Discretion to call board meet not with chairman
-'If VC conducts meet, even he will not have voting power'
-No details of quorum in revised SHA
-Details of quorum was given in original SHA
-Right of first refusal (ROFR) and Tag-along rights in favor of Etihad
-ROFR & Tag-along clauses impact effective control
-Board strength proposed at 14; 4 as ‘promoter directors’
-Out of 4, 3 promoter directors to be Indian
-Board to have 3 ‘investor directors’
-Etihad can nominate investor directors with even 15 percent equity

TCS Q1 (QoQ):
-Net profit at Rs 3,796 crore versus Rs 3,597 crore -Net rupee revenue at Rs 17,987 crore versus Rs 16,430.1 crore
-Net dollar revenue at USD 3,165 million versus USD 3,040 million
-EBIT at Rs 4,847 crore versus Rs 4,358.4 crore
-EBIT margin at 26.9 percent versus 26.52 percent
-Other income at Rs 258.5 crore versus Rs 442.5 crore
-Other income includes forex loss of Rs 104.4 crore
-Volume growth at 6.1 percent
-2 new USD 100 million clients added during quarter
-Gross employee additions at 10,611

TCS says:
-Investments in Europe continue to gain strong traction
-Have signed 10 large deals in Q1
-Deal pipeline continues to remain strong
-Have undertaken major wage hikes
-Delivered well-rounded growth in Q1
-Attrition at record low of 10 percent
-Continue to be in stable pricing regime
-Positive about deal pipeline in Europe
-Continue to see pressure in Indian market
-Will be ahead of industry exports estimates for FY14

MindTree Q1 (QoQ):
- Consolidated net profit at Rs 135 Crore Versus Rs 78.9 Crore
-Consolidated rupee revenue at Rs 648 Crore Versus Rs 612.4 Crore
-Dollar revenue at USD 117.7 million Versus USD 113 million
-Consolidated EBITDA at Rs 119 Crore Versus Rs 116.3 Crore
-Consolidated EBITDA margin at 18.4 percent Versus 19 percent
-Forex gain of Rs 62 Crore versus loss of Rs 15.3 Crore

Rallis India Q1:
-Consolidated net profit Rs 27.5 Crore Versus Rs 24.2 Crore (YoY)
-Consolidated net sales at Rs 409.3 Crore Versus Rs 341 Crore (YoY)

Honeywell Automation Q2:
-Net profit at Rs 28 Crore Versus Rs 15.3 Crore (QoQ)
-Net sales at Rs 434 Crore Versus Rs 385.4 Crore (QoQ)

V-Guard Industries Q1:
-Net profit at Rs 17.6 Crore Versus Rs 20.6 Crore (YoY)
-Net sales at Rs 406 Crore Versus Rs 317 Crore (YoY)

Ingersoll Rand Q1:
-Net profit at Rs 13.7 Crore Versus Rs 22.7 Crore (YoY)
-Net sales at Rs 125.8 Crore Versus Rs 141 Crore (YoY)

Other stocks and sectors that are in news today:- Hindustan Unilever (HUL) FTSE rebalancing today, expected buying of USD 63 million
-9 drug companies including Ranbaxy , Dr Reddys Labs , Glenmark , Cadila and Cipla face hefty fines for overcharging anti-asthma drug BS
- ITC , Britannia , global players eye domestic co Balaji Wafers ET
- Hanung Toys gets export order of worth about Rs 360 crore from a US-based firm
-NSE to drop Indian Hotels , Raymond from F&O segment w.e.f September 27
- Magma Fincorp board approves increase in borrowing limits to Rs 25,000 crore from Rs 15,000 crore
- Container Corporation to mull bonus issue on July 25
- Vascon Engineering board to consider issue of equity shares via rights and preferential basis on July 22
- Nitesh Estates obtains clearances for its 5-Star Luxury Hotel-The Ritz-Carlton, Bangalore

Stocks in Ban Period:

NIL

Source:moneycontrol.com , nseindia.com