Nifty Daily For 16th August 2013

                        Nifty opened near the resistance of 5720 level and was immediately sold of to the lows of 5690. The support provided good padding and nifty ended the day a healthy 0.75% gains. The WPI index rose more than expected providing clear indication that there will be no rate cuts in the future. The banking stocks were hammered out of shape but were soon recovered. The market breadth has been on positive side indicating the momentum will continue upward in the future.

                     The support for nifty is at  5717- 5661-5627 and the resistance lies at 5761-5790-5837. Nifty August Future has been trading at 6 points premium to the spot. The implied volatility on the Nifty August Options of ATM strike calls were at 14.35 and for puts were at 18.64. India VIX closed at 18.7. PCR for Nifty based on open interest was at 1.2. and PCR for the day based on volumes was at 1.11 for the market.

Cash Market:

FII                  2819.2 - 2571.24 = 247.96 Cr.

DII                 1401.47 - 1152.19 = 249.28 Cr.

FII Derivatives Market:

In Cr.	buy	sell	net
INDEX FUTURES	1631.09	2313.91	-682.83
INDEX OPTIONS	18280.31	16884.32	1395.99
STOCK FUTURES	2343.17	1498.78	844.39
STOCK OPTIONS	1065.83	1067.83	-2.00

Corporate Action:

Ex-Date	Company	Purpose
16-Aug-13	Plastiblends India Limited	Annual General Meeting/Dividend Rs 3.50/- Per Share
16-Aug-13	Kabra Extrusion Technik Limited	Annual General Meeting/Dividend Re 1/- Per Share
16-Aug-13	IFGL Refractories Limited	Annual General Meeting And Dividend Rs 1.50/- Per Equity Share
16-Aug-13	Uttam Value Steels Limited	Annual General Meeting
16-Aug-13	Manaksia Limited	Interim Dividend  Rs 2 Per Share (Purpose Revised)
16-Aug-13	Lanco Industries Limited	Annual General Meeting
16-Aug-13	Pudumjee Industries Limited	Annual General Meeting
16-Aug-13	Chambal Fertilizers & Chemicals Limited	Dividend Rs 1.90 Per Share

Stocks In News:**

MSCI August re-balancing- Mahindra & Mahindra Financial Services  (India) added to MSCI Global Standard Indices
- Axis Bank  removed
- Wipro  's weightage increased
- ICICI Bank  and Godrej Consumer Products  ' weightage decreased

Singapore Telecom: Reuters
-To buy around 3.62 percent of Bharti Airtel  shares for about Singapore dollar 383.6 million
-Effective interest in Bharti Airtel to be 32.34 percent from 30.76 percent

Tata Motors  (stock was up 10 percent on Wednesday)
-July global wholesales at 87,566 vs 84,458 units (MoM)
-July global wholesales for commercial vehicle at 40,882 vs 41,577 units (MoM)
-July global wholesales for passenger vehicle at 46,684 vs 42,881 units (MoM)
-July global wholesales for JLR at 35,162 vs 30,536 units (MoM)

Orange County in California, US, has filed a lawsuit against TCS  , India’s largest IT company for delays and cost over-runs in a software project.
TCS to CNBC-TV18: on California Matter
-Do not discuss pending legal matters as per policy
-Stand by company's quality of work, commitment to customer success

Other stocks and sectors that are in news today:
-Mobile call rates set to rise by 10 paise per minute (Around 15 percent increase): ET
-Holcim reported results below street expectation; cuts profit guidance
- Educomp : Anil Sharma, Company Secretary & Compliance officer of the company resigns
- Bosch  proposed to suspend the manufacturing operations at Nashik Plant : 16-17 August, Jaipur Plant : 19th, 21st to 23rd August

Orchid Chemicals April-June quarter (YoY)
-Company extends its financial year again by 6 months to September 30, 2013. Earlier it was extended to June 30, 2013
-Revenues down 28 percent to Rs 257 crore versus Rs 357 crore
-EBITDA Rs 43 crore versus Rs 56 crore
-OPM at 17 percent versus 15.6 percent
-Net loss Rs 54.5 crore versus Rs 51 crore
-Interest costs up 33 percent Y-o-Y to Rs 95.3 crore versus Rs 71.3 crore
-Interest costs up 11 percent Q-o-Q to Rs 95 crore versus Rs 85.7 crore
-FY13 interest costs Rs 399.5 crore
-Company records an exceptional gain of Rs 39 crore during the quarter despite that loss is so high

Pipavav Defence  Q1 YoY
-Net profit at Rs 7.3 crore Versus Rs 2 crore
-Total income from operations at Rs 702.7 crore Versus Rs 572.4 crore

Gitanjali Gems  Consolidated Q1FY14
-PAT at Rs 35 crore Versus Rs 149 crore
-Total income at Rs 3919 crore Versus Rs 3385 crore
-Total expenses increased to Rs 3778 crore Versus Rs 3172 crore
-Interest cost at Rs 118 crore Versus Rs 92 crore

United Breweries  Q1FY14
-Net profit at Rs 121 crore Versus Rs 98.6 crore
-Total income at Rs 1363 crore Versus Rs 1217 crore

MMTC Q1FY14
-Net profit at Rs 5 crore Versus Rs 12 crore
-Total Income at Rs 8864 crore Versus Rs 5408 crore

Bhushan Steel  (Poor Results as was the case with most Ferrous companies) Q1FY14 versus Q1FY13 (YoY)
-Net sales down 12 percent at Rs 2490.9 crore versus Rs 2841.3 crore
-EBITDA down 14 percent at Rs 737.4 crore versus Rs 862.3 crore
-EBITDA at 29.6 percent versus 30.3 percent
-PAT down 63 percent at Rs 76.3 crore versus Rs 205.97 crore
-Finance costs up 6.6 percent at Rs 402.6 crore versus Rs 377.8 crore (up 20.2 percent QoQ)

Kingfisher Airlines  Q1
-Net loss at Rs 1,157 crore versus loss of Rs 651 crore (YoY)
-KFA says have recorded no income from operations in Q1
-Other income at Rs 46 lakh versus Rs 72.4 crore (YoY)

Gujarat Fluorochemicals  Q1
-Consolidated net profit at Rs 55.4 crore versus Rs 177.5 crore (YoY)
-Consolidated net sales at Rs 683 crore versus Rs 798 crore (YoY)
-Consolidated forex loss at Rs 6.3 crore versus loss of Rs 101 crore (YoY)

Shree Renuka  Q1
-Net loss at Rs 63.6 crore versus profit of Rs 13.3 crore (YoY)
-Net sales at Rs 1,937 crore versus Rs 1,484 crore (YoY)

NALCO  Q1
-Net profit at Rs 159.7 crore Versus Rs 223 crore (YoY)
-Net sales at Rs 1,536 crore versus Rs 1,718 crore (YoY)

Jain Irrigation  Q1
-Consolidated net loss at Rs 60.3 crore versus loss of Rs 48.7 crore (YoY)
-Consolidated net sales at Rs 1,386.3 crore versus Rs 1,243 crore (YoY)

JK Tyre Q1 
-Net profit at Rs 55.3 crore versus Rs 16.4 crore (YoY)
-Net sales at Rs 1,866 crore versus Rs 1,806 crore (YoY)

Parsvnath Developers  Q1:
-Consolidated net profit at Rs 15.6 crore Versus Rs 20.1 crore (YoY)
-Consolidated total income from operations Rs 188.8 crore Versus Rs 163.4 crore (YoY)

Gujarat Apollo  Q1:
-Net profit at Rs 129.4 crore Versus Rs 1.7 crore (YoY)
-Net sales at Rs 12.1 crore Versus Rs 31.1 crore (YoY)

Mercator  Q1:
-Net profit at Rs 10 crore versus Rs 17 crore (YoY)
-Net income at Rs 720.2 crore versus Rs 1095.2 crore (YoY)

United Breweries Holdings  Q1:
-Net profit at Rs 301.4 crore Versus Rs 1.3 crore (YoY)
-Net sales at Rs 80.9 crore Versus Rs 98.6 crore (YoY)
-Exceptional income due to stake sale in United Spirits

Bharati Shipyard  Q1:
-Net loss Rs 144 crore Versus loss of Rs 816.2 crore (YoY)
-Net sales Rs 140.8 crore Versus Rs 170.6 crore (YoY)

Aanjaneya Life  Q1
-Net profit at Rs 3.2 crore versus Rs 19 crore (YoY)
-Net sales at Rs 117.7 crore versus Rs 175 crore (YoY)

RBI details steps to cut forex outflows by resident Indians-Indian company can invest overseas up to 100 percent of networth versus 400 percent
-Individual forex outflow limit cut to USD 75,000 per year from USD 200,000
-Individual cannot use forex for buying realty abroad
-Current measures aimed at moderating forex outflows
-Will consider genuine forex needs under approval route
-Current forex restrictions not to apply to navratna PSUs

RBI notifies ban on import of gold coins, medallions -20 percent of gold imports, including dore bars, to be used for exports
-Imported gold sale for local use only on full upfront payment
-RBI may issue fresh circular on gold
-RBI may modify certain aspects of July 22 circular

Stocks in Ban Period:

FINANTECH, HDIL

Source:moneycontrol.com , nseindia.com