Nifty opened only 8 points down in spite of a very weak global ques. This indicates the inherent strength of the Indian markets. The today tested the levels of 5900 closing at 1% gains. The european markets provided only positive strength for the markets. This strong recovery is widely contributed by the badly beaten down stocks like Jindal Steel, Bank of Baroda. The hourly falling channel breakout target lies at 5967.
The support for nifty is at 5860-5820-5760 and the resistance lies at 5930-5976-6008. Nifty July Future has been trading at 6-7 points discount to the spot. The implied volatility on the Nifty July Options of ATM strike calls were at 12.54 and for puts were at 20.46. India VIX closed at 18.09. PCR for Nifty based on open interest was at 1.32 and PCR for the day based on volumes was at 1.06 for the market.
Cash Market:
FII 2272.67 - 2274.14 = (1.47) Cr.
DII 1196.82 - 983.22 = 213.6 Cr.
FII Derivatives Market:
Corporate Action:
Stocks In News:
Jet -Ethihad deal had prime minister's office (PMO) reservations, PMO wanted deal to be taken to cabinet: TOI
Jet-Etihad deal:
-Cabinet secretary meeting today after PMO directions
-Concerns on security raised by BJP’s Jaswant Singh and Subramanian Swamy
-PMO has asked Finance & Commerce ministeries to also clarify matters
June auto sales
Tata Motors (M-o-M)
-Total sales at 52,708 units versus 49,304 units
-Passenger vehicle sales at 11,804 units versus 11,134 units
-Light commercial vehicle (LCV) sales at 25,778 units versus 24,173 units
-Exports at 3,996 units versus 3,874 units
-M&HCV sales at 11,130 units versus 10,123 units
-Total domestic sales at 48,712 units versus 45,430 units
-Commercial vehicle (CV) sales at 36,908 units versus 34,296 units
Ashok Leyland - very disappointing sales
Y-o-Y
-Total sales down 31.3 percent at 6967 versus 10146 units
-Commercial vehicle sales (ex-LCV Dost) down 36.5 percent at 4714 versus 7421 units
-LCV Dost sales down 17.3 percent at 2253 versus 2725 units
M-o-M
-Total sales down 4 percent at 6967 versus 7267 units
-CV sales (Ex-LCV Dost) down 4.4 percent at 4714 versus 4932 units
-LCV dost down 3.5 percent at 2253 versus 2335 units
Hero MotoCorp Y-o-Y
-Total sales down 6 percent at 5.02 lakh units versus 5.34 lakh
M-o-M
-Total sales down 10 percent at 5.02 lakh versus 5.57 lakh units
IOC -Hikes retail diesel price by Rs 0.50/litre (excluding value added tax)
-Revenue loss on diesel sales at Rs 8.10/litre
Oil India says
-To drill first well in KG on-land block in August
-Plan to drill 12 wells in KG on-land block
-Plan to fund 80-90 percent of Mozambique block buy via debt
Banking secretary to CNBC-TV18
-Hope Bank licenses will be given by March 31, 2014
-Bank license applicants' quality to determine number of licenses
-No risk will be taken during diligence
-No concerns on exposure of applicants to real estate
-No concerns on exposure of applicants to stock broking
Ex-Dividend- Godrej Properties Rs 4/share
- Sundaram Finance Rs 4.5/share
- Tata Sponge - Rs 8/share
Other stocks and sectors that are in news today:- Unitech in talks to sell Gurgaon IT SEZ to PEs; likely value Rs 1800 crore BS
- Sadbhav Engineering board to meet July 4th to mull fund raising, via preferential allotment to promoters rights issue
- Elder Pharma UK subsidiary acquires Max Healthcare, move to allow co to re-enter the OTC pharma category
-Moody's changes Tata Power 's ratings outlook to negative from stable
-Listing of Future Ventures, Pantaloon Fashion expected this week
Department of Telecommunication (DoT) sources say-Telecom Commission meet today
-To consider telecom FDI hike proposal
-May clear National Telecom Security Policy
RBI gets 26 applications for new bank licenses
Applicants for the License -Tata Sons, Aditya Birla Nuvo , Reliance Capital , Bajaj Finserv
-Indiabulls Housing, Shriram Capital, L&T Finance
-Ruia Group from Kolkata applies under Suryamani Finance
- Videocon applies in name of Value Industries
-NBFCs like IDFC , Magma Fincorp and Muthoot Finance
-NBFCs like Religare Enterprises & SREI Infrastructure Finance
-MFIs Bandhan Financial Services and Janalakshmi Financial
-Brokerages like JM Financial , Edelweiss and India Infoline
-PSUs Department of Posts, TFCI , IFCI and LIC Housing
-INMACS Management Services, UAE Exchange & Financial & Smart Global Ventures
Stocks In Ban Period:
NIL
The support for nifty is at 5860-5820-5760 and the resistance lies at 5930-5976-6008. Nifty July Future has been trading at 6-7 points discount to the spot. The implied volatility on the Nifty July Options of ATM strike calls were at 12.54 and for puts were at 20.46. India VIX closed at 18.09. PCR for Nifty based on open interest was at 1.32 and PCR for the day based on volumes was at 1.06 for the market.
Cash Market:
FII 2272.67 - 2274.14 = (1.47) Cr.
DII 1196.82 - 983.22 = 213.6 Cr.
FII Derivatives Market:
| Buy | Sell | Net | |
| INDEX FUTURES | 1752.11 | 1662.83 | 89.28 |
| STOCK FUTURES | 1782.81 | 1631.69 | 151.12 |
Corporate Action:
| 02-Jul-13 | Tata Sponge Iron Limited | Annual General Meeting / Final Dividend Rs.8/- Per Equity Share |
| 02-Jul-13 | Sundaram Finance Limited | Annual General Meeting/Dividend Rs 4.50 Per Share |
| 02-Jul-13 | Godrej Properties Limited | Annual General Meeting And Dividend - Rs.4/- Per Share |
Stocks In News:
Jet -Ethihad deal had prime minister's office (PMO) reservations, PMO wanted deal to be taken to cabinet: TOI
Jet-Etihad deal:
-Cabinet secretary meeting today after PMO directions
-Concerns on security raised by BJP’s Jaswant Singh and Subramanian Swamy
-PMO has asked Finance & Commerce ministeries to also clarify matters
June auto sales
Tata Motors (M-o-M)
-Total sales at 52,708 units versus 49,304 units
-Passenger vehicle sales at 11,804 units versus 11,134 units
-Light commercial vehicle (LCV) sales at 25,778 units versus 24,173 units
-Exports at 3,996 units versus 3,874 units
-M&HCV sales at 11,130 units versus 10,123 units
-Total domestic sales at 48,712 units versus 45,430 units
-Commercial vehicle (CV) sales at 36,908 units versus 34,296 units
Ashok Leyland - very disappointing sales
Y-o-Y
-Total sales down 31.3 percent at 6967 versus 10146 units
-Commercial vehicle sales (ex-LCV Dost) down 36.5 percent at 4714 versus 7421 units
-LCV Dost sales down 17.3 percent at 2253 versus 2725 units
M-o-M
-Total sales down 4 percent at 6967 versus 7267 units
-CV sales (Ex-LCV Dost) down 4.4 percent at 4714 versus 4932 units
-LCV dost down 3.5 percent at 2253 versus 2335 units
Hero MotoCorp Y-o-Y
-Total sales down 6 percent at 5.02 lakh units versus 5.34 lakh
M-o-M
-Total sales down 10 percent at 5.02 lakh versus 5.57 lakh units
IOC -Hikes retail diesel price by Rs 0.50/litre (excluding value added tax)
-Revenue loss on diesel sales at Rs 8.10/litre
Oil India says
-To drill first well in KG on-land block in August
-Plan to drill 12 wells in KG on-land block
-Plan to fund 80-90 percent of Mozambique block buy via debt
Banking secretary to CNBC-TV18
-Hope Bank licenses will be given by March 31, 2014
-Bank license applicants' quality to determine number of licenses
-No risk will be taken during diligence
-No concerns on exposure of applicants to real estate
-No concerns on exposure of applicants to stock broking
Ex-Dividend- Godrej Properties Rs 4/share
- Sundaram Finance Rs 4.5/share
- Tata Sponge - Rs 8/share
Other stocks and sectors that are in news today:- Unitech in talks to sell Gurgaon IT SEZ to PEs; likely value Rs 1800 crore BS
- Sadbhav Engineering board to meet July 4th to mull fund raising, via preferential allotment to promoters rights issue
- Elder Pharma UK subsidiary acquires Max Healthcare, move to allow co to re-enter the OTC pharma category
-Moody's changes Tata Power 's ratings outlook to negative from stable
-Listing of Future Ventures, Pantaloon Fashion expected this week
Department of Telecommunication (DoT) sources say-Telecom Commission meet today
-To consider telecom FDI hike proposal
-May clear National Telecom Security Policy
RBI gets 26 applications for new bank licenses
Applicants for the License -Tata Sons, Aditya Birla Nuvo , Reliance Capital , Bajaj Finserv
-Indiabulls Housing, Shriram Capital, L&T Finance
-Ruia Group from Kolkata applies under Suryamani Finance
- Videocon applies in name of Value Industries
-NBFCs like IDFC , Magma Fincorp and Muthoot Finance
-NBFCs like Religare Enterprises & SREI Infrastructure Finance
-MFIs Bandhan Financial Services and Janalakshmi Financial
-Brokerages like JM Financial , Edelweiss and India Infoline
-PSUs Department of Posts, TFCI , IFCI and LIC Housing
-INMACS Management Services, UAE Exchange & Financial & Smart Global Ventures
Stocks In Ban Period:
NIL
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