Nifty Daily For 07th July 2013

Market Outlook:

          The level of 5566 was an important trendline and in yesterday’s session index broke it and went down by 40 odd points. The short-term is defiantly oversold, but it is the longer term charts which are worsening with each passing day. The index in yesterday decline broke the crucial support line and the pattern for the day was power black. The logical support area now is 5475 and below that the supports are seen at 5385-5400 and then 5329-5300 value area. On the higher side, 5700 will act as a very strong barrier. The intraday supports in Nifty are placed at 5475 and 5420, while the resistances for the day are seen at 5595 and then at 5650.                  

         The support for nifty is at 6009-5970-5945 and the resistance lies at 6040-6085-6105.  Nifty August Future has been trading at 31-32 points premium to the spot. The implied volatility on the Nifty August Options of ATM strike calls were at 20.79 and for puts were at 22.37. India VIX closed at 22.73. PCR for Nifty based on open interest was at 0.95 and PCR for the day based on volumes was at 0.98 for the market.  

Cash Market:

FII             3275.31 – 3062.57 = 212.74 Cr.

DII            1217.41 – 1541.15 = (323.74) Cr.

FII Derivatives Market:

In Cr. `	buy	sell	net
INDEX FUTURES	2522.14	3103.37	-581.23
INDEX OPTIONS	18743.30	18650.96	92.34
STOCK FUTURES	1940.76	1983.38	-42.62
STOCK OPTIONS	824.51	790.89	33.62

Corporate Action:

Ex-Date	Company	Purpose
07-Aug-13	Sun TV Network Limited	Interim Dividend Rs.2.25 Per Share (Purpose Revised)
07-Aug-13	Tata Teleservices (Maharashtra) Limited	Bonus 2:15
07-Aug-13	CRISIL Limited	Interim Dividend Rs.3/- Per Equity Share
07-Aug-13	Magnum Ventures Limited	Annual General Meeting
07-Aug-13	Madhav Marbles and Granites Limited	Annual General Meeting And Dividend Re.1/- Per Share
07-Aug-13	KEC International Limited	Annual General Meeting And Dividend Re.0.50 Per Share
07-Aug-13	Hindustan Oil Exploration Company Limited	Annual General Meeting
07-Aug-13	Prakash Steelage Limited	Annual General Meeting / Dividend - Re 1/- Per Share
07-Aug-13	APL Apollo Tubes Limited	Annual General Meeting / Dividend - Rs 5/- Per Share
07-Aug-13	Ramky Infrastructure Limited	Annual General Meeting
07-Aug-13	PTC India Financial Services Limited	Annual General Meeting / Dividend - Re 0.40/- Per Share
07-Aug-13	V.S.T Tillers Tractors Limited	Annual General Meeting / Final Dividend - Rs 9/- Per Share
07-Aug-13	AstraZeneca Pharma India Limited	Annual General Meeting
07-Aug-13	Financial Technologies (India) Limited	First Interim Dividend Rs.2/- Per Share (Purpose Revised)
07-Aug-13	Asian Granito India Limited	Annual General Meeting
07-Aug-13	PTC India Limited	Annual General Meeting / Dividend - Rs 1.60/- Per Equity Share

Stocks In News:**

 Results Today: Ranbaxy Labs, Tata Motors, Lupin, NMDC, GlaxoSmithKline Pharma, Aban Offshore, Apollo Tyres, Cadila Healthcare, Emami, Lanco Infra, Omaxe, Alembic Pharma, Apollo Hospitals, Arvind Remedies, Cinemax, Dhampur Sugar, Eicher Motors, Essar Shipping, Gulf Oil, MOIL, MT Educare, NCC, PC Jeweller, Unity Infra, Zee Learn, Welspun India, Zydus Wellness

SpiceJet  in talks with Tiger Air for interline ticketing
Alert: Interline is commercial trade arrangement to sell air tickets

Health Minister Gulam Nabi Azad says
- Ranbaxy Labs   facilities in India are being reviewed
Alert: Ranbaxy’s US arm recently admitted to manufacturing certain drugs not in conformity with good manufacturing practices

NSEL says
-e-series holding can be converted into physical form
-Clients can continue to hold e-series units in demat
ALERT: NSEL indefinitely suspended e-series trade

Bajaj Auto  says
-Approximately 915 workers reported to work
-Will produce 2,100 vehicles at Chakan; 1,200 pulsar at Waluj
-100 percent production of all brands of Pulsar, Avenger, KTM achieved

Anil Agarwal to CNBC-TV18:
-Informed government of huge gas discovery in Rajasthan
- Cairn is working with government on size of discovery in Rajasthan
-Have invested USD 12 billion in Orissa; state government promised to provide bauxite
-Mining has not begun in Karnataka despite SC ruling
-Goa mining ban one of many reasons for Rupee breaching 61/USD
-India should come out with revenue sharing tender for gold mines
-Expect govt to come out with schemes for Hindustan Zinc, BALCO stake sale
-Govt must simplify oil & gas regime & be like North America
-Govt to get Rs 50,000 crore if allows Cairn to function fully

Other stocks and sectors that are in news today:
-ECB panel meet today, more generous norms on cards to aid companies, rupee
- HDFC Bank  hikes lending rates to 9.8 percent from 9.6 percent
-Forward Markets Commission (FMC) says Rs 350 crore of MMTC and PEC stuck in National Spot Exchange (NSEL): ET
-Lenders issue winding up notice to Shiv Vani Oil  : ET
-Group of ministers looks at debt, licence fee waiver for ailing BSNL, MTNL  : ET
- Tata Teleservices ex-date for bonus in ratio of 2:15

Welspun Corp  Q1
-Consolidated Net Loss at Rs 59.4 crore Versus Profit of Rs 7.5 Crore (YoY)
-Consolidated Net Sales at Rs 2,675 Crore Versus Rs 2,550 Crore (YoY)

Uflex  Q1:
-Net Profit at Rs 43.1 Crore Versus Rs 55.3 Crore (YoY)
-Net Sales at Rs 1,371 Crore Versus Rs 1,359 Crore (YoY)

Bombay Dyeing  Q1:
-Net loss at Rs 27.5 crore Versus Rs 27.5 crore (YoY)
-Net sales at Rs 516.4 crore Versus Rs 475.7 crore (YoY)

Bosch  Q2:
-Net profit at Rs 251.7 crore Versus Rs 247.5 crore (YoY)
-Net sales at Rs 2,269.2 crore Versus Rs 2,157.2 crore (YoY)

Lumax Industries  Q1FY14 YoY
-Total Income at Rs 270.5 Crore versus Rs 272 Crore
-Net Profit at Rs 62 lakh versus Rs 1.6 Crore

Ansal Housing  Q1FY14 YoY
-Total Income at Rs 102 crore versus Rs 130 Crore
-Net Profit at Rs 9 Crore versus Rs 13.5 Crore

Capital First  Q1FY14 QoQ
-Total Income at Rs 242 Crore versus Rs 212 Crore
-Net Profit at Rs 5.5 Crore versus Rs 8.2 Crore

Finance ministry sources say
-Ajay Chhibber among top contenders for Chief Economic Advisor (CEA) post
Alert: Current CEA Raghuram Rajan appointed RBI Governor

Stocks in Ban Period:

HDIL

Source:moneycontrol.com , nseindia.com