Nifty opened with a big gap down of 60 points at 5353 and made the low of 5306 and bounced back sharply to close with marginal loss of 13 points. The bank nifty was the main component cutting into the losses of nifty. On the smaller time frame nifty has formed an Inverted head & shoulders pattern. The neckline is at 5412 and the possible targets on pattern after completion is around 5515. Nifty today took support of a gap between 5309 and 5260 left in the September 2012.
The
support for nifty is at 5362-5305-5260 and the resistance lies at 5435-5480-5531. Nifty August Future has been trading at 3-4 points discount to the
spot. The implied volatility on the Nifty August Options of ATM strike calls were
at 22.22 and for puts were at 28.61. India VIX closed at 27.23. PCR for Nifty
based on open interest was at .91 and PCR for the day based on volumes was at 1.02 for the market.
Cash
Market:
FII 2989.94 - 4414.26 = (1424.32) Cr.
DII 1991.2 - 925.05 = 1066.15 Cr.
FII
Derivatives Market:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 3634.24 | 3793.68 | -159.43 |
| INDEX OPTIONS | 26330.94 | 27161.85 | -830.91 |
| STOCK FUTURES | 3189.60 | 2631.79 | 557.81 |
| STOCK OPTIONS | 1127.60 | 1145.30 | -17.69 |
Corporate
Action:
| Ex-Date | Company | Purpose |
| 21-Aug-13 | India Nippon Electricals Limited | Annual General Meeting |
| 21-Aug-13 | KCP Sugar and Industries Corporation Limited | Annual General Meeting And Dividend Re.1/- Per Share |
| 21-Aug-13 | Motherson Sumi Systems Limited | Annual General Meeting And Dividend Rs.2/- Per Share |
| 21-Aug-13 | K.P.R. Mill Limited | Annual General Meeting/Dividend Rs 3/- Per Share |
| 21-Aug-13 | Zicom Electronic Security Systems Limited | Annual General Meeting And Dividend Rs.1.20 Per Share |
| 21-Aug-13 | Pioneer Distilleries Limited | Annual General Meeting |
| 21-Aug-13 | Themis Medicare Limited | Annual General Meeting |
| 21-Aug-13 | Shreyans Industries Limited | Annual General Meeting/Dividend Re. 1/- Per Share |
| 21-Aug-13 | Welspun Investments and Commercials Limited | Annual General Meeting |
| 21-Aug-13 | Sundaram Clayton Limited | Annual General Meeting |
| 21-Aug-13 | GKB Ophthalmics Limited | Annual General Meeting |
| 21-Aug-13 | Asian Hotels (West) Limited | Annual General Meeting / Dividend - Rs. 2 Per Share |
| 21-Aug-13 | VTX Industries Limited | Annual General Meeting |
| 21-Aug-13 | Eastern Silk Industries Limited | Annual General Meeting |
| 21-Aug-13 | Nandan Exim Limited | Annual Book Closure And Dividend Rs.1.20 Per Share |
Stocks
In News:**
Results Today: Kalindee Rail , Arshiya International
RBI moves (bank stocks, bond yield to be in focus)
-Announces measures to address market conditions
-To conduct open market operation (OMO) buy of long-dated Gilts of Rs 8000 crore on Friday
-To calibrate issue of cash management bills including scaling down
-To keep money market rate around marginal standing facility (MSF) till forex volatility eases
-To ensure liquidity tightening doesn't harden long-term yield
-Banks incurring mark-to-market (MTM) losses due to long-term yields hardening
-RBI has right to decide amount of individual gilt buys under OMO
-Eases some NRI investment norms under portfolio investment scheme
RBI says-Banks can retain statutory liquidity ratio (SLR) bonds in held to maturity (HTM) category at 24.5 percent
-Banks can transfer SLR bonds to HTM from available for sale (AFS) as one-time measure
-Banks can transfer gilts from AFS to HTM based on July 15 price
S&P on India:
-Maintains negative outlook on India’s BBB- sovereign credit rating: Reuters
-Too early to say if long-term growth prospects will weaken on sustained basis
RBI says -FIIs cannot buy more shares of Federal Bank
-FII share purchases in Federal Bank reach trigger limit of 49 percent
National Spot Exchange (NSEL) says ( Financial Technologies and MCX India in focus)
-To disperse Rs 92.12 crore in a proportionate manner
-9 entities did not pay-in
-15 entities deposited Rs 92.73 crore
Alert: Juggernaut project paid Rs 60 lakh after deadline
-Anjani Sinha removed as CEO & MD, pending enquiry
-Shashidhar Kotian removed as CFO, pending enquiry
-6 heads of departments (HODs) removed from current assignment, pending enquiry
-Conducting a special investigation under the officer on special duty (OSD)
-OSD to identify lapses in operations
-OSD to suggest corrective actions for recovery of dues
-PR Ramesh as OSD to exercise all powers of CEO
-PR Ramesh will report to the board directly
-Appointed SGS to assess quality & quantity of goods in warehouses
-Expect SGS work to be over by end of the month
-Will take legal & regulatory measures on non-compliance on warehouse collaterals
-Appointing a well-known global audit firm for forensic audit
-To finalise the appointment of audit firm by Friday
Forward Markets Commission (FMC) writes to NSEL boardFMC says:
-Serious doubts on credibility & intention of NSEL
-Doubt NSEL's intention in outstanding trade settlement
-Cannot hold directorship or shareholding in other COMMEX
-If board loses status as fit & proper, to impact other COMMEX
-Jignesh Shah raised doubts on availability of stocks
-Lack of stock shows complete failure of system at NSEL
-Board must take complete responsibility for settlement
Control of FMC to move to finance ministry; decision may be via executive order: Sources
-Control of MCX to also shift to finance ministry
-Proposal at final stages, decision likely in next 3-4 days
-Proposal was originally mooted in 2005
-Prime minister's office (PMO) keen that admin failures w.r.t commodity markets be addressed quickly
FMC to NSEL on Indian Bullion Market Association (IBMA)
-To make proportionate payment to all members including IBMA
-Distribute amount received till yesterday proportionately
-Payment to IBMA subject to conditions
-Payment to genuine IBMA members who cleared trades
-Withhold amount due to defaulted members
-Withhold amount to its entities
-VAT receivable, exchange fund utilization not to be used
Alert: NSEL fails to meet the first payout obligation entirely
CNBC-TV18 Exclusive: Finance ministry sources say-Examining possibility of department of economic affairs (DEA) overseeing commodity exchanges
-Finance ministry to respond to possibility of DEA oversight in day or two
-Consumer Affairs Ministry will have to move cabinet note if government decides oversight be given to finance ministry
DoT issues Unified License (UL) migration policy-Mandatory for telecom companies to migrate to UL on license renewal
Telecom Data -India July GSM user addition at 14.9 lakh versus 35.7 lakh (MoM)
- Bharti Airtel adds 4.76 lakh subscribers in July versus 12.6 lakh (MoM)
-Vodafone loses 6.1 lakh subscribers in July versus 3.47 lakh (MoM)
- Idea Cellular adds 3 lakh subscribers in July versus 12 lakh (MoM)
-Uninor adds 4.63 lakh subscribers in July versus 2.95 lakh (MoM)
Industry moves to frame new definition of sport utility vehicle (SUV): CNBC-TV18 Exclusive sources
-Move afoot after higher excise levy on SUV
-Industry forms panel to define sports utility vehicle
-Panel being headed by Fiat MD Gurpratap Boparai
-'SUV' report to be put before SIAM's executive council meet
-'SUV' definition to be proposed to roads & transport ministry
-SUV definition to be discussed by Central Motor Vehicles Rules (CMVR) technical standing committee
-New definition may be included in CMVR act
Other stocks and sectors that are in news today:- Apollo Tyre 's Cooper acquisition facing opposition from Chinese workers: ET - Intec Capital open offer at Rs 109/share
-FDI in Pharma: Department Of Industrial Policy & Promotion (DIPP) to circulate draft cabinet note this week: PTI
- Fortis Healthcare completes divestment of subsidiaries in Singapore for USD 80 million
RBI moves (bank stocks, bond yield to be in focus)
-Announces measures to address market conditions
-To conduct open market operation (OMO) buy of long-dated Gilts of Rs 8000 crore on Friday
-To calibrate issue of cash management bills including scaling down
-To keep money market rate around marginal standing facility (MSF) till forex volatility eases
-To ensure liquidity tightening doesn't harden long-term yield
-Banks incurring mark-to-market (MTM) losses due to long-term yields hardening
-RBI has right to decide amount of individual gilt buys under OMO
-Eases some NRI investment norms under portfolio investment scheme
RBI says-Banks can retain statutory liquidity ratio (SLR) bonds in held to maturity (HTM) category at 24.5 percent
-Banks can transfer SLR bonds to HTM from available for sale (AFS) as one-time measure
-Banks can transfer gilts from AFS to HTM based on July 15 price
S&P on India:
-Maintains negative outlook on India’s BBB- sovereign credit rating: Reuters
-Too early to say if long-term growth prospects will weaken on sustained basis
RBI says -FIIs cannot buy more shares of Federal Bank
-FII share purchases in Federal Bank reach trigger limit of 49 percent
National Spot Exchange (NSEL) says ( Financial Technologies and MCX India in focus)
-To disperse Rs 92.12 crore in a proportionate manner
-9 entities did not pay-in
-15 entities deposited Rs 92.73 crore
Alert: Juggernaut project paid Rs 60 lakh after deadline
-Anjani Sinha removed as CEO & MD, pending enquiry
-Shashidhar Kotian removed as CFO, pending enquiry
-6 heads of departments (HODs) removed from current assignment, pending enquiry
-Conducting a special investigation under the officer on special duty (OSD)
-OSD to identify lapses in operations
-OSD to suggest corrective actions for recovery of dues
-PR Ramesh as OSD to exercise all powers of CEO
-PR Ramesh will report to the board directly
-Appointed SGS to assess quality & quantity of goods in warehouses
-Expect SGS work to be over by end of the month
-Will take legal & regulatory measures on non-compliance on warehouse collaterals
-Appointing a well-known global audit firm for forensic audit
-To finalise the appointment of audit firm by Friday
Forward Markets Commission (FMC) writes to NSEL boardFMC says:
-Serious doubts on credibility & intention of NSEL
-Doubt NSEL's intention in outstanding trade settlement
-Cannot hold directorship or shareholding in other COMMEX
-If board loses status as fit & proper, to impact other COMMEX
-Jignesh Shah raised doubts on availability of stocks
-Lack of stock shows complete failure of system at NSEL
-Board must take complete responsibility for settlement
Control of FMC to move to finance ministry; decision may be via executive order: Sources
-Control of MCX to also shift to finance ministry
-Proposal at final stages, decision likely in next 3-4 days
-Proposal was originally mooted in 2005
-Prime minister's office (PMO) keen that admin failures w.r.t commodity markets be addressed quickly
FMC to NSEL on Indian Bullion Market Association (IBMA)
-To make proportionate payment to all members including IBMA
-Distribute amount received till yesterday proportionately
-Payment to IBMA subject to conditions
-Payment to genuine IBMA members who cleared trades
-Withhold amount due to defaulted members
-Withhold amount to its entities
-VAT receivable, exchange fund utilization not to be used
Alert: NSEL fails to meet the first payout obligation entirely
CNBC-TV18 Exclusive: Finance ministry sources say-Examining possibility of department of economic affairs (DEA) overseeing commodity exchanges
-Finance ministry to respond to possibility of DEA oversight in day or two
-Consumer Affairs Ministry will have to move cabinet note if government decides oversight be given to finance ministry
DoT issues Unified License (UL) migration policy-Mandatory for telecom companies to migrate to UL on license renewal
Telecom Data -India July GSM user addition at 14.9 lakh versus 35.7 lakh (MoM)
- Bharti Airtel adds 4.76 lakh subscribers in July versus 12.6 lakh (MoM)
-Vodafone loses 6.1 lakh subscribers in July versus 3.47 lakh (MoM)
- Idea Cellular adds 3 lakh subscribers in July versus 12 lakh (MoM)
-Uninor adds 4.63 lakh subscribers in July versus 2.95 lakh (MoM)
Industry moves to frame new definition of sport utility vehicle (SUV): CNBC-TV18 Exclusive sources
-Move afoot after higher excise levy on SUV
-Industry forms panel to define sports utility vehicle
-Panel being headed by Fiat MD Gurpratap Boparai
-'SUV' report to be put before SIAM's executive council meet
-'SUV' definition to be proposed to roads & transport ministry
-SUV definition to be discussed by Central Motor Vehicles Rules (CMVR) technical standing committee
-New definition may be included in CMVR act
Other stocks and sectors that are in news today:- Apollo Tyre 's Cooper acquisition facing opposition from Chinese workers: ET - Intec Capital open offer at Rs 109/share
-FDI in Pharma: Department Of Industrial Policy & Promotion (DIPP) to circulate draft cabinet note this week: PTI
- Fortis Healthcare completes divestment of subsidiaries in Singapore for USD 80 million
Stocks
in Ban Period:
HDIL
Source:moneycontrol.com , nseindia.com
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