Nifty Daily for 30th July 2013

              Nifty opened gap down of 16 points at 5870 i.e. lows of previous session, on weak Asian markets. It was then easy for the market to breach support of 5870 and move lower. Nifty tested 5850 and bounced to the highs of the day 5886 with support lent by strong European market opening. Nifty stands at crucial juncture with an important support of 5830 (trend line + 50WMA). The bank nifty has been the main culprit. It has been outperforming nifty on down side. A steady decline in private and public sector banks on the back of weakening asset quality is the cause of concern. Some time back I had mentioned that bank nifty has broken its lows corresponding to 5477 lows on nifty, a clear indication of weakness in banks. The RBI quarterly monetary policy review tomorrow is a big event considering the recent monetary tightening measures undertaken by RBI. An expectation of no rate change is measure consensus among analyst, but the tone of RBI governor dovish or hawkish is more important in this case.  A negative tone will accelerate the crash and a dovish tone will lead to much anticipated pull back rally for banking stocks.

                The support for nifty is at 5800-5770-5740 and the resistance lies at 5863-5890-5935. Nifty July Future has been trading at 45-46 points premium to the spot. The implied volatility on the Nifty July Options of ATM strike calls were at 17.16 and for puts were at 18.17. India VIX closed at 18.25. PCR for Nifty based on open interest was at 1 and PCR for the day based on volumes was at 0.95 for the market.

Cash Market:

FII                  2180.38 - 2412.15 = (231.77) Cr.

DII                1108.18 - 1209.44 = (101.26) Cr.

FII Derivatives Market:

in Cr.	buy	sell	net
INDEX FUTURES	818.17	794.60	23.57
INDEX OPTIONS	9821.36	9618.33	203.03
STOCK FUTURES	1355.11	1474.63	-119.53
STOCK OPTIONS	511.77	479.07	32.71

Corporate Action:

Ex-Date	Company	Purpose
30-Jul-13	Shalimar Paints Limited	Annual General Meeting
30-Jul-13	LG Balakrishnan & Bros Limited	Annual General Meeting / Dividend - Rs 2/- Per Share
30-Jul-13	Voltamp Transformers Limited	Final Dividend Rs.10/- Per Share And Special Dividend Rs.5/- Per Share
30-Jul-13	IL&FS Transportation Networks Limited	Annual General Meeting / Final Dividend Rs. 4/- Per Share
30-Jul-13	Asian Paints Limited	Face Value Split Rs 10 To Re 1
30-Jul-13	AI Champdany Industries Limited	Annual General Meeting
30-Jul-13	Century Extrusions Limited	Annual General Meeting
30-Jul-13	Adani Power Limited	Annual General Meeting
30-Jul-13	Precision Wires India Limited	Annual General Meeting / Dividend - Rs 1.50/- Per Share
30-Jul-13	India Motor Parts and Accessories Limited	Annual General Meeting/Dividend Rs 2.50 Per Equity Share
30-Jul-13	Tata Motors Limited	Annual General Meeting And Dividend Rs.2.10 Per Share
30-Jul-13	ACC Limited	Interim Dividend Rs.11/- Per Share (Purpose Revised)
30-Jul-13	Seamec Limited	Annual General Meeting
30-Jul-13	Dhunseri Investments Limited	Annual General Meeting / Dividend - Rs.1.25/- Per Equity Share
30-Jul-13	Kirloskar Industries Limited	Annual General Meeting/Dividend Rs. 4/- Per Equity Share
30-Jul-13	The Peria Karamalai Tea & Produce Company Limited	100th Annual General Meeting / Div. Of Rs. 2/- Per Equity Share
30-Jul-13	Adani Ports and Special Economic Zone Limited	Annual General Meeting And Dividend Re.1/- Per Share
30-Jul-13	Ambuja Cements Limited	Interim Dividend Rs.1.40 Per Share (Purpose Revised)
30-Jul-13	Sona Koyo Steering Systems Limited	Annual General Meeting/Dividend Re 0.65/- Per Share
30-Jul-13	Adani Enterprises Limited	Annual General Meeting And Dividend Rs.1.40 Per Share
30-Jul-13	Asian Hotels (East) Limited	Annual General Meeting/Dividend Rs 4.50/- Per Share
30-Jul-13	Akzo Nobel India Limited	Annual General Meeting/Final Dividend Rs.20 Per Share And Special Dividend Rs.60 Per Share
30-Jul-13	New Delhi Television Limited	Annual General Meeting
30-Jul-13	Page Industries Limited	Annual General Meeting/Dividend Rs 14/- Per Share
30-Jul-13	The United Nilgiri Tea Estates Company Limited	91st Annual General Meeting / Dividend  Of Rs. 1.30/- Per Share
30-Jul-13	Gillanders Arbuthnot & Company Limited	Annual General Meeting / Dividend - Rs.2/- Per Equity Share
30-Jul-13	Tata Motors Limited	Annual General Meeting And Dividend Rs.2/- Per Share
30-Jul-13	Peninsula Land Limited	Annual General Meeting And Dividend Rs.1.50 Per Share
30-Jul-13	LGB Forge Limited	Annual General Meeting
30-Jul-13	Lakshmi Machine Works Limited	Annual General Meeting/Dividend Rs 20/- Per Share
30-Jul-13	KCP Limited	Annual General Meeting/Dividend Re 0.50/- Per Share
30-Jul-13	Hexaware Technologies Limited	Interim Dividend - Rs 1.40/- Per Share
30-Jul-13	Super Sales India Limited	Dividend Rs.2.50 Per Share
30-Jul-13	Upper Ganges Sugar & Industries Limited	Annual General Meeting
30-Jul-13	Aurobindo Pharma Limited	Annual General Meeting And Dividend Re.0.50 Per Share
30-Jul-13	Wheels India Limited	Annual General Meeting / Dividend - Rs.8.10/- Per Equity Share
30-Jul-13	Shrenuj & Company Limited	Annual General Meeting And Dividend Re.0.60 Per Share
30-Jul-13	Entertainment Network (India) Limited	Annual General Meeting / Dividend - Re 1/- Per Share
30-Jul-13	DLF Limited	Annual General Meeting/Dividend Rs 2/- Per Share

Stocks In News:**

Results Today: Dr Reddys Labs, NTPC, JSPL, Reliance Infrastructure, Petronet LNG, Reliance Power, Financial Technologies, IFCI, Delta Corp, DCM Shriram Consolidated, Sun Pharma Advanced, Sanofi, EID Parry, GMDC, Gujarat Pipavav, Havells, FACT, HMT, IPCA Labs, Indoco Remedies, OMDC, Nelco, Cinemax, PVR, Shoppers Stop, Shree Cement, SJVN, Swaraj Engines, Tata Metaliks, Thomas Cook, Trent, VST Industries, Zee News, Zuari Global

Foreign Investment Promotion Board (FIPB) clears Jet-Etihad deal with riders: Sources
Alert: Etihad to acquire 24 percent stake in Jet Airways
Alert: Jet Airways likely to get Rs 2058 crore via 24 percent stake sale

Jet-Etihad deal: Jet Airways says:
-Jet-Etihad alliance being examined by regulators
-Concerned regulators' approvals awaited
-Inappropriate for company to respond at this stage

CNBC-TV18 exclusive: SEBI sources say
-Jet-Etihad have clarified all concerns raised by SEBI-Have given FIPB detailed note on all changes undertaken
-FIPB has to take a final call

Jet-Etihad deal: Finance ministry says-Indian law must be applicable to dispute resolution
-UK law will apply for arbitration
-Indian law to be applicable for all other disputes
-FIPB clears Jet-Etihad deal with 4 conditions
-Jet must seek govt permission to change shareholding agreement (SHA) in future
-Cabinet Committee on Economic Affairs (CCEA) to be moved only if Jet-Etihad agree to condition
-Articles of Association should override SHA
-Chairman to be allowed to bring matters for board consideration without 3/4 majority
-Jet has deleted clause on revenue management, network to Abu Dhabi

Aviation Minister Ajit Singh says:
-Yet to see official report of Jet-Etihad deal
-Minor changes yet to be made in Jet-Etihad deal
-'As far as I know Jet-Etihad deal has been cleared'
-Any changes made in SHA has to get aviation ministry's nod
-SEBI has cleared Jet-Etihad deal
-Civil aviation ministry's concerns have been addressed
-Clearance of Jet-Etihad deal restores faith of investors
-Deal will restore confidence in India story
-All issues pertaining to place of business have been resolved
-Will get clarity on bilateral treaty soon

Other stocks and sectors that are in news today:- Sterlite Industries : Indigenous community votes against company's bauxite mine plan in Niyamgiri hills
- Jindal Steel & Power (JSPL) in race for Stemco’s India assets: ET
-Group of ministers on BSNL & MTNL revival likely to meet today
-Distributors want licence to sell cylinders in back: ET
-Promoters slug it out for control of pipemaker Man Industries : ET
-Auction of inflation-indexed bonds cancelled, RBI wants more reforms to arrest rupee slide
-Empowered group of ministers (EGoM) likely to fix floor price for National Fertilisers (NFL) divestment today, offer for sale (OFS) may happen tomorrow 
-Supreme Court adjourns hearing on Reliance Telecom plea to August 1
-NSE to shift 11 scrips including Nitco and Amar Remedies to restricted trade segment from August 2
-FIPB clears 6 pharma proposals worth Rs 855 crore including Fresenius Kabi

Sesa Goa Q1:
-Consolidated net profit at Rs 414 Crore versus Rs 964 Crore (YoY)
-Consolidated net sales at Rs 361 Crore versus Rs 1,725 Crore (YoY)
-Forex loss at Rs 99.2 Crore versus loss of Rs 232 Crore (YoY)
-Consolidated EBITDA loss at Rs 159 Crore versus profit of Rs 436.2 Crore (YoY)
-Consolidated EBITDA margin at -44.2 percent versus 25.3 percent (YoY)
Sesa Goa says
-Expect to resume mining in Karnataka in Q2

City Union Bank Q1:
-Net profit at Rs 90.3 Crore versus Rs 74 Crore (YoY)
-NII at Rs 187.4 Crore Versus Rs 138 Crore (YoY)
-Gross NPA at 1.25 percent Versus 1.13 percent (QoQ)
-Net NPA unchanged at 0.63 percent (QoQ)
-Provisions at Rs 20.5 Crore Versus Rs 43.7 Crore (QoQ)
City Union Bank says
-Seek shareholders' nod for Rs 350 crore QIP issue

Jaypee Infratech Q1:
-Net profit at Rs 81 Crore Versus Rs 210 Crore (YoY)
-Net sales at Rs 769.2 Crore Versus Rs 678.3 Crore (YoY)

MCX Q1:
-Net profit at Rs 60.1 Crore Versus Rs 64.7 Crore (YoY)
-Total income at Rs 127 Crore Versus Rs 129 Crore (YoY)

Merck Q1:
-Net profit at Rs 16.7 Crore Versus Rs 20.1 Crore (YoY)
-Net sales at Rs 200.3 Crore Versus Rs 179 Crore (YoY)

Prestige Estates Q1:
-Net profit at Rs 86.7 Crore Versus Rs 49.3 Crore (YoY)
-Total income at Rs 498.3 crore Versus Rs 219.2 crore (YoY)

Geometric Q1:
-Consolidated net profit at Rs 15.4 Crore Versus Rs 11.1 Crore (QoQ)
-Consolidated revenue at Rs 260.3 Crore Versus Rs 247.1 Crore (QoQ)

Zuari Agro Q1:
-Net loss at Rs 98.3 Crore versus profit of Rs 7.6 Crore (YoY)
-Net sales at Rs 727 Crore versus Rs 1,176.7 Crore (YoY)

Stocks in Ban Period:

NIL

Source:moneycontrol.com , nseindia.com