Nifty Daily For 31st July 2013

               Nifty opened flat and kept trading between 5925- 5945 before the big RBI policy event. The RBI governor inline with market expectations kept the key monetary policy rates unchanged. The markets took this in positive sense, made high of 5861 and relieved some of the oversold state in banks and indices. But soon after the hawkish commentary of RBI governor started there was relentless selling in the markets. The nifty made a low of 5747 nearly loosing 112 from day high. The oil and gas sector bore the major brunt of sell of with upstream OMC's taking a hit of around 9%. The only silver lining was IT sector which held in the green on the back of strengthening USDINR and strong first quarter results. The nifty and bank nifty are below there key support levels, however Sensex has only just tested its 200DMA. The 5800 PE is not yet unwounded indicating a bounce may be in store. 

             The support for nifty is at 5700-5670-5635 and the resistance lies at 5800-5840-5865. Nifty July Future has been trading at 42-43 points premium to the spot. The implied volatility on the Nifty July Options of ATM strike calls were at 16.85 and for puts were at 17.34. India VIX closed at 18.12. PCR for Nifty based on open interest was at 1.02 and PCR for the day based on volumes was at 0.98 for the market.

FII Derivatives Market:

In Cr.	buy	sell	net
INDEX FUTURES	1732.93	2591.69	-858.75
INDEX OPTIONS	17243.6	16259.5	984.1
STOCK FUTURES	1755.94	1910.2	-154.29
STOCK OPTIONS	684	669.9	14.1

Corporate Action:

Ex-Date	Company	Purpose
31-Jul-13	GOL Offshore Limited	Annual General Meeting
31-Jul-13	Speciality Restaurants Limited	Annual General Meeting / Dividend - Re 1/- Per Equity Share
31-Jul-13	Grasim Industries Limited	Annual General Meeting / Dividend - Rs 22.50/- Per Share
31-Jul-13	SREI Infrastructure Finance Limited	Annual General Meeting And Dividend - Re.0.50 Per Share
31-Jul-13	Manjushree Technopack Limited	Dividend Re 1/- Per Share
31-Jul-13	Alpa Laboratories Limited	Annual General Meeting
31-Jul-13	Aditya Birla Money Limited	Annual General Meeting

Stocks In News:**

Results Today: ICICI Bank, Bharti Airtel, HCL Technologies, JSW Steel, Karnataka Bank, Andhra Bank, NHPC, United Spirits, VIP Industries, OnMobile Global, Piramal Life, Jubilant Industries, Balrampur Chini, Chambal Fertilisers, Motherson Sumi, Dishman Pharma, Excel Crop, Gati, Chola Finance, JM Financials, Jagran Prakashan, Siti Cable, Petron Eng, STI India, Brigade Enterprises

National Fertilisers (NFL) offer for sale (OFS) today (CMP Rs 26.70, was down 10.25 percent yesterday)
-Govt sets floor price for National Fertilisers OFS at Rs 27/share
-OFS for divesting 3.75 crore shares of company or 7.6 percent stake in company
-Currently GoI holds 97.64 percent stake in company

Other stocks and sectors that are in news today:-EGoM may decide Neyveli Lignite  stake sale today
- Jindal Steel & Power  (JSPL) Authorises Panel to examine share buyback option
- Hindalco Industries  manages to refinance Rs 4700 crore debt at 300 bps lower rate from SBI and Axis Bank for its Utlak plant: ET
-Bank of India to buy real estate in Delhi from Standard Chartered for Rs 125 crore: ET
- Reliance Infrastructure  , Reliance Power  looking for acquisition to spur growth
-Antique Broking looks to merge with Fortune Financial (Fortune is listed)
- NTPC  board approves investment of Rs 3363 crore for Feroze Gandhi Unchahar thermal power, UP
- TVS Motor Company  to launch 2 new motorcycles in Kenya Markets

Tata Teleservices fixes August 8th as record date for purpose of issue of bonus shares
-Bonus shares to be in the proportion of 2 shares for every 15 held

Jet Airways  -Etihad deal: Sources
-Govt to clarify control definition w.r.t deal
-Govt to finalise new definition of control shortly
-CCEA to consider new control definition on Thursday
-FIPB nod is under existing definition of control
-Will have to examine & clarify impact of changed definition
-May have to seek law min view to clarify details
-CCEA nod for Jet-Etihad to be under new control definition
-Clarity in terms of technical impact of new definition on deal

Coal Minister:
-Finance ministry to take a final call on route of divest for Coal India  (CIL)
-CIL Union has agreed to 5 percent stake sale: FE

Power Minister:
-EGoM to meet shortly on gas allocation to power sector
-To discuss gas allocations from new finds to power sector
-Working on a peaking power policy
-Analysing impact of gas price hike
-Total Gas-based power capacity at 26,000 mw for 4-5 year term
-Require 102 mmscmd gas to facilitate projects
-Currently receive 27 mmscmd gas to facilitate projects
-Gas pooling to depend on decision taken by EGoM
-To finalise proposal for gas pooling post EGoM resolution
-4 out of 8 focus states for DISCOM FRP have started issuing bonds
-Depends on each state govt on how quickly they issue bonds
-Up to states now to negotiate with their banks

Ex-Dividend- Grasim  - Rs 22.50/share
- Nestle  - Rs 18/share

JSPL Q1:
-Consolidated Net Profit at Rs 494 Crore Versus Rs 385.3 Crore (YoY)
-Consolidated Net Sales at Rs 4,490 Crore Versus Rs 4,680.4 Crore (YoY)
-Consolidated EBITDA at Rs 1,256 Crore Versus Rs 1,572.2 Crore (YoY)
-Consolidated EBITDA Margin at 28 percent Versus 33.6 percent (YoY)

Petronet LNG  Q1:
-Net Profit at Rs 225.3 Crore Versus Rs 245 Crore (YoY)
-Revenue at Rs 8,444 Crore Versus Rs 8,441 Crore (YoY)

Shree Cement Q4:
-Net Profit at Rs 284 Crore Versus Rs 352 Crore (YoY)
-Total Income at Rs 1,449 Crore Versus Rs 1,455 Crore (YoY)
-Other Income at Rs 84 Crore Versus Rs 32 Crore (YoY)
-Finance Cost at Rs 37.8 Crore Versus Rs 48 Crore (YoY)
-Tax at Rs 16 Crore Versus Rs 32 Crore (YoY)

IFCI  Q1:
-Net Profit at Rs 55.1 Crore Versus Rs 93.6 Crore (YoY)
-Total Income at Rs 551 Crore Versus Rs 661 Crore (YoY)

Financial Technologies  Q1:
-Net Profit at Rs 81.2 Crore Versus Rs 87.8 Crore (QoQ)
-Net Sales at Rs 101.7 Crore Versus Rs 141.1 Crore (QoQ)

GMDC Q1:
-Net Profit at Rs 118.7 Crore Versus Rs 170.5 Crore (YoY)
-Net Sales at Rs 370 Crore Versus Rs 496.5 Crore (YoY)

Chennai Petroleum Q1:
-Net Loss at Rs 377.2 Crore Versus Loss Of Rs 969 Crore (YoY)
-Net Sales at Rs 11,521.5 Crore Versus Rs 11,038 Crore (YoY)

EID Parry  Q1:
-Consolidated Net Loss at Rs 108.5 Crore Versus Profit Of Rs 72 Crore (YoY)
-Consolidated Net Sales at Rs 2,342 Crore Versus Rs 2,666 Crore (YoY)

Tata Metaliks  Q1:
-Consolidated Net Loss at Rs 3.6 Crore Versus Loss Of Rs 6 Crore (YoY)
-Consolidated Net Sales at Rs 341 Crore Versus Rs 221.5 Crore (YoY)

Trent  Q1:
-Net Profit at Rs 17.3 Crore Versus Rs 12.7 Crore (YoY)
-Net Sales at Rs 241.4 Crore Versus Rs 207.1 Crore (YoY)

Bayer Crop Q1:
-Net Profit at Rs 87.8 Crore Versus Rs 88.7 Crore (YoY)
-Net Sales at Rs 966 Crore Versus Rs 899 Crore (YoY)

Sanofi India  Q2:
-Net Profit at Rs 51.2 Crore Versus Rs 40.5 Crore (YoY)
-Net Sales at Rs 410 Crore Versus Rs 374 Crore (YoY)

Clariant Chemicals Q1:
-Net Profit at Rs 24.12 Crore Versus Rs 30.7 Crore (YoY)
-Net Sales at Rs 318.4 Crore Versus Rs 282 Crore (YoY)

Thomas Cook  Q2:
-Consolidated Net Profit at Rs 32.5 Crore Versus Rs 31 Crore (YoY)
-Consolidated Total Income at Rs 306.3 Crore Versus Rs 137.1 Crore (YoY)

Delta Corp  Q1-YoY
-Income at Rs 259 Crore versus Rs 72 Crore (Versus 56 Crore last qtr)
-Profit at Rs 11 Crore versus Rs 16 Crore (versus a loss of 10 Crore last Qtr)

Kajaria Ceramics  Q1 YoY
-Income at Rs 437 Crore versus 356 Crore
-Profit at Rs 25.8 Crore versus 22.25 Crore

Phoenix Mills  Q1 QoQ
-Income at Rs 69.8 Crore versus Rs 72.2 Crore
-Profit at Rs 41.8 Crore versus Rs 36.1 Crore

Liberty Shoes  Q1 YoY
-Income at Rs 104.4 Crore versus Rs 75.5 Crore
-Profit at Rs 2.59 Crore versus Rs 2.14 Crore

Stocks in Ban Period:

NIL

Source:moneycontrol.com , nseindia.com