Nifty Daily For 22nd August 2013

                   Nifty opened with a huge gap up of 93 points at 5494 and made top of 5505 and then sold off quickly. The move was essentially on the back of RBI and GOI promise that they will compensate banks for their losses on the bond portfolios. This lead to the rally in banks. But the rally faltered soon near the resistance of falling channel trend line and bank nifty sold off.

                    The support for nifty is at 5270-5225-5180 and the resistance lies at 5365-5420-5460. Nifty August Future has been trading at 10-11 points discount to the spot. The implied volatility on the Nifty August Options of ATM strike calls were at 22.36 and for puts were at 31.13. India VIX closed at 28.09. PCR for Nifty based on open interest was at 0.88 and PCR for the day based on volumes was at 1.22 for the market.

Cash Market:

FII               3955.22 - 4747.33 = (792.11) Cr.

DII              1831.7 - 1056.25 = 775.45 Cr.

FII Derivatives Market:

In Cr.	buy	sell	net
INDEX FUTURES	4728.16	4529.32	198.84
INDEX OPTIONS	30631.29	30967.72	-336.42
STOCK FUTURES	4151.80	2746.20	1405.61
STOCK OPTIONS	1612.00	1593.65	18.35

Corporate Action:

Ex-Date	Company	Purpose
22-Aug-13	Manappuram Finance Limited	Interim Dividend Re.0.45 Per Share
22-Aug-13	Goldiam International Limited	Annual General Meeting/Dividend Re 0.50 Per Share
22-Aug-13	Eurotex Industries and Exports Limited	Annual General Meeting
22-Aug-13	Delta Corp Limited	Annual General Meeting / Dividend Re 0.25 Per Share
22-Aug-13	MBL Infrastructures Limited	Annual General Meeting And Dividend Rs.3/- Per Share
22-Aug-13	Garware  Wall Ropes Limited	Annual General Meeting / Dividend - Rs 2.50/- Per Share
22-Aug-13	BASF India Limited	Annual General Meeting / Final Dividend Rs.4/- Per Equity Share
22-Aug-13	Simplex Infrastructures Limited	Annual General Meeting/Dividend Re. 1 Per Share
22-Aug-13	Indian Oil Corporation Limited	Annual General Meeting / Dividend - Rs 6.20/- Per Share
22-Aug-13	Hindustan Composites Limited	Annual General Meeting And Dividend Re.1/- Per Share
22-Aug-13	Dhanlaxmi Bank Limited	Annual General Meeting
22-Aug-13	Omaxe Limited	Annual General Meeting / Dividend - Re 0.70 Per Share
22-Aug-13	Wockhardt Limited	Annual General Meeting / Dividend Rs.5 Per Share
22-Aug-13	Mayur Uniquoters Ltd	First Interim Dividend Rs 2.25 Per Share
22-Aug-13	BS LIMITED	Annual General Meeting
22-Aug-13	Gujarat Narmada Valley Fertilizers and Chemicals Limited	Annual General Meeting / Dividend Rs.3.50 Per Share
22-Aug-13	Credit Analysis And Research Limited	Interim Dividend Rs.6/- Per Share
22-Aug-13	Siti Cable Network Limited	Annual General Meeting
22-Aug-13	Supreme Tex Mart Limited	Annual General Meeting
22-Aug-13	Sarda Energy & Minerals Limited	Annual General Meeting / Dividend - Rs 3/- Per Share
22-Aug-13	Shree Rama Newsprint Limited	Annual General Meeting

 

Stocks In News:**

Forward Markets Commission (FMC) to National Spot Exchange (NSEL)
-Liquidate realisable assets of defaulters to meet pay-in         
-Ask defaulters to handover books/documents to the exchange
-Seek terms of appointment of agencies like Group 4 & SGS
-Seek information about preliminary report submitted by these agencies
-Bring to notice any deficiency in quality/quantity of stock
-Auction commodities lying in warehouses
-NSEL must report discrepancies in warehouse stocks
-NSEL must deposit auction proceeds in Escrow account

Corporate Affairs Ministry (MCA) received reference from Consumer Affairs Ministry on NSEL issue: PTI Sources
-MCA looking into possible Companies act violations by NSEL

YES Bank
-Goldman Sachs Singapore bought 18.6 lakh shares at Rs 252/share
-T Rowe Price sold 31.2 lakh shares at Rs 260/share

JBF Industries 
-Board approves buy-back of equity shares
-Buyback size not to exceed shares amounting over Rs 73.5 crore
-Buyback price not to exceed Rs 105/share

Kumar Mangalam Birla to raise Hindalco  stake to 37 percent for Rs 2165 crore: ET
-Will convert 15 crore preferential warrants into equity shares to raise holding by 5 percent

2G Court rejects plea to defer Anil Ambani's deposition-Tina Ambani to appear before 2G trial court on Friday
2G Court says
-Anil, Tina Ambani appearance will cause no prejudice to accused
-No plea for deferral made by the witnesses

Asian Paints 
-Raises stake in Berger International to 75.82 percent
-To buy balance 24.18 percent in Berger International via open offer
-To delist Berger International from Singapore bourse

YES Bank Case: Bombay High Court adjourns case to August 22
-Bombay High Court to consider if it has jurisdiction to hear case
-YES Bank opposing maintainability of Madhu Kapur plea

Yes Bank says
-Under banking regulation act, board appointments cannot be challenged in court
Alert: Madhu Kapur challenging appointment of 6 directors by Yes Bank

Tata Motors  says in AGM
-Seeing double digit growth in US
-Europe market declined by 5 percent in FY13
-Expect US economy to recover going ahead
-Indian market to remain fraught with challenges
-European market to remain sluggish
-Capex plans for FY14 in excess of Rs 3,000 crore
-No plans to list Jaguar Land Rover (JLR) on London stock exchange
-LCVs to see facelift; new ultra range to be launched
-Company working towards lowering operating costs
-On DHL issue at JLR Plant in UK: JLR in discussion with DHL; making suitable alternatives

Delhi HC refuses to stop Hindustan Unilever  's Pepsodent advertisement
Alert: Colgate Palmolive moved Delhi HC against Pepsodent advertisement

Sajjan Jindal writes to PM & FM on iron ore shortage-Invested more than Rs 55,000 crore to fulfill domestic demand
-Vijayanagar plant at 75-80 percent capacity utilisation due to shortage
-Even after SC order, iron ore operations not resumed in Karnataka
-Out of 57 mines approved by CEC, only 14 are operating
-Annual iron ore production at 13.77 mt versus demand of 32-35 mt
-Slow decision making process hindering mining production
-All available iron ore stocks been exhausted in last 1 year
-Bringing iron ore from Orissa to operate at optimal capacity
-Import of iron ore economically unviable
-Iron ore prices in Karnataka double that of Orissa, Jharkhand
-Govt must ensure availability of iron ore for steel production
-Availability of iron ore will bring down steel imports, current account deficit

Trade Ministry moves CCEA on export duty cut on iron ore fines: Government sources
-Steel Ministry strongly opposes any move to reduce export duty
Alert: export duty on iron ore fines current stands at 30 percent
-High export duty to help long-term utilisation of steel industry
-Facing acute shortage of iron ore in Karnataka post mining ban

Arshiya International  Q1FY14 Y-o-Y
-Total income at Rs 92.3 crore versus Rs 181.6 crore
-Net loss at Rs 52 crore versus net profit at Rs 9 crore

Kalindee Rail  Q1FY14 Y-o-Y
-Total income at Rs 41.4 crore versus Rs 51.7 crore
-Net loss at Rs 11.5 crore versus net profit at Rs 2 crore

Ex-Dividend - IOC  : Rs 6.2/share
- Wockhardt  : Rs 5/share
- Care : Rs 6/share

RBI-Raises interest rate cap on NRI foreign currency deposits
-3-5 years FCNR (B) deposit rate revised to Libor/swap+400 bps

Other stocks and sectors that are in news today:- Sesa Goa  to replace Sterlite Industries  in Sensex w.e.f. August 27th
- Indiabulls Housing Finance to replace Sterlite in S&P BSE 500 Index
-BNP Arbitrage Fund sold 6 lakh shares of MCX at Rs 282.7/share
- Reliance Industries  to raise USD 1.75 billion Overseas, to use USD 1.2 billion to refinance a 5 years multi currency facility: Reports
- IOC to invest Rs 8000 crore in Koyali refinery expansion: Reports
- Tech Mahindra  looks to transfer 3 Satyam SEZs: Reports
- ONGC  to save USD 700 million capex by sharing RIL's KG-D6 infra: ET
-Jaypee Cap plans to sell 15 percent in NCDEX for Rs 132 crore: ET
- IL&FS Transport plans to raise around Rs 500 crore via preferential share sale
- Apollo Tyres  in 3-year branding pact with Manchester United football club
-Commerce Minister asks Russia to revoke ban on Indian rice exports

Stocks in Ban Period:

HDIL, Finantech

Source:moneycontrol.com , nseindia.com