Nifty Daily For 26th July 2013

                    Nifty opened around the previous close and soon started forming lower tops and lower bottoms and ended the day with sharp losses. Though, it was an expiry day and normally on such days the indices behave in a very erratic manner, buy yesterday was an exception as it turned out to be a trending day. The break of 6000 triggered stop loss for many long positions. It seems that this decline is a reversal and same will be confirmed on a move below 5850. On the higher side, rallies will find difficult to sustain above 6030-6045 resistance area. The intraday supports in Nifty are placed at 5880 and 5840, while the resistances for the day are seen at 5940 and then at 5985.

                Nifty August Future has been trading at 35-36 points premium to the spot. The implied volatility on the Nifty August Options of ATM strike calls were at 14.39 and for puts were at 17.36. India VIX closed at 16.72. PCR for Nifty based on open interest was at 1.10 and PCR for the day based on volumes was at 1.18 for the market.

Cash Market:

FII                4232.84 - 4675.78 = (442.94) Cr.

DII               1978.18 - 2116.98 = (138.8) Cr.

FII Derivatives Market:

 

IN Cr.	Buy	Sell	Net
INDEX FUTURES	7196.81	6863.85	332.96
INDEX OPTIONS	21994.98	21081.95	913.03
STOCK FUTURES	8817.82	8935.58	-117.76
STOCK OPTIONS	850.57	709.18	141.39

Corporate Action:

 

Ex-Date	Company	Purpose
26-Jul-13	Tata Power Company Limited	Annual General Meeting / Dividend - Rs.1.15/- Per Equity Share
26-Jul-13	Siyaram Silk Mills Limited	Annual General Meeting / Dividend - Rs 7.50/- Per Share
26-Jul-13	Himatsingka Seide Limited	Annual General Meeting/Dividend Re 1/- Per Share
26-Jul-13	Kanoria Chemicals & Industries Limited	Annual General Meeting/Dividend Rs 1.50 Per Share
26-Jul-13	The Great Eastern Shipping Company Limited	Annual General Meeting And Dividend Rs.4.50 Per Share
26-Jul-13	Salora International Limited	Annual General Meeting
26-Jul-13	Asahi India Glass Limited	Rights 13:25 @ Premium Rs 29/- Per Share
26-Jul-13	Heritage Foods (India) Limited	Bonus 1:1
26-Jul-13	Oriental Hotels Limited	Annual General Meeting / Dividend - Re 0.55/- Per Share
26-Jul-13	Nesco Limited	Annual General Meeting / Dividend Rs.3.50/- Per Equity Share
26-Jul-13	Jet Airways (India) Limited	Annual General Meeting
26-Jul-13	Polaris Financial Technology Limited	Annual General Meeting And Dividend Rs.5/- Per Share
26-Jul-13	Sonata Software Limited	Annual General Meeting And Dividend Rs.1.25 Per Share
26-Jul-13	Firstsource Solutions Limited	Annual General Meeting
26-Jul-13	L&T Finance Holdings Limited	Annual Generalmeeting / Dividend Rs.0.75 Per Equity Share
26-Jul-13	The Lakshmi Finance & Industrial Corporation Limited	Annual General Meeting And Dividend Rs.1.20 Per Share
26-Jul-13	Bombay Dyeing & Mfg Company Limited	Annual General Meeting And Dividend Re.1/- Per Share
26-Jul-13	Selan Exploration Technology Limited	Annual General Meeting
26-Jul-13	ICRA Limited	Annual General Meeting And Dividend Rs.22/- Per Share

Stocks In News:**

Results Today - Hindustan Unilever, Punjab National Bank, Wipro, Pfizer, JSW Energy, Bank of India, Nestle, Dish TV, JK Lakshmi Cements, JB Chemicals, Torrent Pharma, Texmaco Rail, Tata Communications, Tata Coffee, Sterlite Technologies, McLeod Russel, Heidelberg Cement, HEG, Edelweiss Financials, CESC, Bharat Electric, Triveni Glass, State Bank of Travancore, RPG Life, KS Oil, Koutons Retail, Goodricke Group, GIC Housing, Excel Industries, Everest Industries, Eveready Industries, Essel Propack, Crew BOS

DLF 
-To sell 74 percent stake in insurance JV DLF Pramerica Life
-To sell DLF Pramerica Life stake to Dewan Housing Finance

Texmaco Rail  open offer for Kalindee Rail  at Rs 68/share, opens on September 13, closes on September 26
-Counter offer by Jupiter Metals is at Rs 70/share

JSW Energy  AGM: Sajjan Jindal says-240 MW hydro electric project in Himachal Pradesh has received MoEF approval
-Land acquisition under progress
-Toshiba JSW has commenced production activity of turbine generators
-Toshiba JSW expanding capacity from 3000 MW to 6000 MW
-Barmer total installed capacity at up to 3,140 MW
-Net power generation saw a growth of 38 percent (YoY)
-Looking at acquiring domestic stressed assets
-Barmer's 1,080 MW lignite based power plant is operational
-Expect economy & power demand to improve in next year
-Looking at mixture of brownfield, greenfield expansion & acquisition going forward

S&P-Affirms Tata Motors  long-term rating at BB
-Cuts Tata Motors long-term rating outlook to stable from positive
-Tata Motors rating outlook cut on likely hike in leverage  

Wipro  AGM Azim Premji says-Focusing on overall biz growth for rewarding returns to shareholders
-Working actively to appoint a woman director on board
-Hoping to have a woman director on board within a year
-'Indian markets in poor shape'
-Europe biz still remains flat
-'Govt trying to move things but it is too little too late'
-US markets look better, stable
-Consumer sentiment remains positive in us markets
-Expect a stable coalition govt post general elections
-Hoping for growth back at 15 percent in dollar terms in future

GAIL  says
-Petrochem sales at Rs 121 crore vs Rs 66 crore (YoY)
-Lower transmission had major impact on bottomline
-Petrochem average realisation at Rs 86,000/tonne
-KG-D6 supply to LPG plant has come down significantly

Govt sources say: Reuters
-June coal output down 3 percent at 40.46 mt (YoY)
-June thermal coal production down 3.94 percent at 36.31 mt (YoY)
-June coking coal output up 6 percent at 4.15 mt (YoY)

Sterlite Industries Q1
-Consolidated net profit at Rs 934 Crore Versus Rs 1,201.6 Crore (YoY)
-Consolidated net sales at Rs 8,190 Crore Versus Rs 10,591.4 Crore (YoY)
-Consolidated EBITDA at Rs 1,883.7 Crore Versus Rs 2033.8 Crore (YoY)
-Consolidated EBITDA margin at 23 percent Versus 19.2 percent (YoY)

From boardroom: Zee Entertainment says
-Subscription revenue up 16.5 percent at Rs 424 crore (YoY)
-Ad Revenue up 18.5 percent at Rs 530 crore (YoY)
-Ad Revenue higher than industry growth rate
-Q1 consolidated total income up 15.5 percent at Rs 973 crore (YoY)
-Q1 net profit up 42 percent at Rs 224.5 crore (YoY)
-Can see redistribution of advertisement revenues going forward
-Anticipate losses to continue for sports biz this year
-Rupee depreciation has had negative impact on sports biz

IOB  says
-Operating profit up 24 percent at Rs 1,054 crore (YoY)
-Global cost of deposits at 7.53 percent versus 7.55 percent (YoY)

Bata India  Q2:
-Net profit at Rs 61.9 Crore Versus Rs 52.7 Crore (YoY)
-Total income at Rs 572.4 Crore Versus Rs 507 Crore (YoY)
-EBITDA at Rs 96 Crore Versus Rs 85.9 Crore (YoY)
-OPM at 16.8 percent Versus 17 percent (YoY)

Shriram City Union Q1
-Net profit at Rs 117.4 Crore Versus Rs 103.4 Crore (YoY)
-NII at Rs 432.4 Crore Versus Rs 371 Crore (YoY)

SKS Microfinance  Q1
-Net profit at Rs 5 Crore Versus loss of Rs 38.8 Crore (YoY)
-NII at Rs 70.6 Crore Versus Rs 41.3 Crore (YoY)

Container Corporation Q1
-Net profit at Rs 246.5 crore Versus Rs 245.1 crore (YoY)
-Total income at Rs 1,119.2 crore Versus Rs 1,284.5 crore (YoY)

Kalpataru Power  Q1
-Net profit at Rs 34.7 Crore Versus Rs 27.3 Crore (YoY)
-Net sales at Rs 879.6 Crore Versus Rs 689.8 Crore (YoY)

Torrent Power  Q1
-Consolidated net loss at Rs 7.39 Crore Versus profit of Rs 104 Crore (YoY)
-Consolidated net sales at Rs 2,171.8 Crore Versus Rs 2,082.5 Crore (YoY)

Raymond  Q1
-Consolidated net loss at Rs 49.7 Crore versus loss of Rs 35 Crore (YoY)
-Consolidated net sales at Rs 874 Crore Versus Rs 837 Crore (YoY)

State Bank Of Mysore Q1
-Net profit at Rs 52.2 Crore Versus Rs 39.8 Crore (YoY)
-NII at Rs 457.7 Crore Versus Rs 439.2 Crore (YoY)         
-Provisions at Rs 206 Crore Versus Rs 233 Crore (YoY)
-Gross NPA at 5.61 percent Versus 4.53 percent (QoQ)
-Net NPA at 3.43 percent Versus 2.69 percent (QoQ)

Wendt India Q1
-Consolidated net profit at Rs 3.2 crore Versus Rs 3.8 crore (YoY)
-Consolidated net sales at Rs 24.8 crore Versus Rs 25 crore (YoY)

Other stocks and sectors that are in news today:
- Sterlite Industries gets Madras HC nod for merger with Sesa Goa
-SEBI looking at minority interest in Holcim- Ambuja deal ET
- CRISIL  says 1/3rd of 11500 firms may not to able to service debt this fiscal
- Jet -Etihad deal hits Sebi, DIPP roadblocks BS (FIPB meet on July 29)
-Zoom Developers consortium (lead by Union Bank ) to e-auction company’s immovable properties
-Mauritius may tweak corporate laws to curb tax treaty abuse

 

Stocks in Ban Period:

NIL

Source:moneycontrol.com , nseindia.com