Nifty Daily For 06th September 2013

              Nifty opened with 105 points above the key resistance of 5550 and went on to build the gains. This move came on the back of bank nifty surging almost 10%. The new RBI governor Mr. Raghuram Rajan has started setting his saddle on the back of the Indian economy. His efforts towards simplifying the fund raising abroad for corporate & banks as well as attracting Foreign investors were welcomed. The euphoric moves helped beaten down stocks to revive sharply on the back of massive short covering. The market has still steam left to move up towards 5650-5720. The market can consolidate for some days before resuming an up move.

                The support for nifty is at 5550-5505-5460 and the resistance lies at 5650-5700-5768. Nifty September Future has been trading at 14-15 points premium to the spot. The implied volatility on the Nifty September Options of ATM strike calls were at 24.33 and for puts were at 27.91. India VIX closed at 28.53. PCR for Nifty based on open interest was at 1.48 and PCR for the day based on volumes was at 1.08 for the market.

Cash Market:

FII                4293.44 - 3192.03 = 1101.41 Cr.

DII               1158.6 - 1651.42  = (492.82) Cr.

FII Derivatives Market:

In Cr.	Buy	Sell	Net
INDEX FUTURES	4062.20	2864.11	1198.10
INDEX OPTIONS	16631.71	17622.52	-990.80
STOCK FUTURES	3179.23	2783.96	395.27
STOCK OPTIONS	761.93	787.20	-25.27

Corporate Action:

Ex-Date	Company	Purpose
06-Sep-13	HEG Limited	Annual General Meeting / Final Dividend Rs.8/- Per Equity Share
06-Sep-13	United Breweries Limited	Annual General Meeting And Dividend Re.0.70 Per Share
06-Sep-13	Kopran Limited	Annual General Meeting
06-Sep-13	MT Educare Limited	Annual General Meeting
06-Sep-13	First Leasing Company of India Limited	Annual General Meeting And Dividend Rs.1.80 Per Share
06-Sep-13	Nitin Spinners Limited	Annual General Meeting
06-Sep-13	Bharat Petroleum Corporation Limited	Annual General Meeting And Dividend Rs.11/- Per Share
06-Sep-13	Minda Industries Limited	Annual General Meeting And Dividend Rs.3/- Per Share
06-Sep-13	Bharat Heavy Electricals Limited	Annual General Meeting And Final Dividend Rs.3.29 Per Share
06-Sep-13	Coal India Limited	Annual General Meeting And Final Dividend Rs.4.30 Per Share
06-Sep-13	Balmer Lawrie & Company Limited	Annual General Meeting And Dividend Rs.17.60 Per Share
06-Sep-13	Decolight Ceramics Limited	Annual General Meeting
06-Sep-13	Jai Corp Limited	Annual General Meeting/Dividend Re. 0.50 Per Equity Share
06-Sep-13	Tamil Nadu Newsprint & Papers Limited	Annual General Meeting And Dividend Rs.5/- Per Share
06-Sep-13	Bharat Electronics Limited	Annual General Meeting / Final Dividend - Rs 16.30/- Per Share
06-Sep-13	Container Corporation of India Limited	Bonus 1:2
06-Sep-13	Zodiac JRD- MKJ Limited	Annual General Meeting And Dividend Re.0.50 Per Share
06-Sep-13	PC Jeweller Limited	Annual General Meeting And Dividend Re.1/- Per Share
06-Sep-13	United Breweries (Holdings) Limited	Annual General Meeting
06-Sep-13	The India Cements Limited	Annual General Meeting And Dividend Rs.2/- Per Share (Bc Dates Revised)

Stocks In News:**

Fuel price hike likely soon
-Decision to be taken after Sonia Gandhi returns from US: PTI sources
-Diesel prices could be hiked by Rs 3-5 per litre, kerosene by Rs 2 per litre
-LPG prices could be hiked by Rs 50/cylinder

Bharti Airtel AGM: Sunil Mittal says
-Company's current debt in comfortable position
-No plan to buy stake in Loop telecom
-No plan to buy back 4.4 percent Vodafone stake in Bharti
-Africa operations continue to grow both on topline and margin

National Spot Exchange (NSEL) says:
-No discrepancy in e-series stock holdings in vaults
-Sharp and Tannan conducted audit of stocks
-Settlement backlog due to redemption pressure
-To provide investors an exit window to sell units
-To provide investors an exit window to realise cash payment

SEBI lifts curbs on Tata Teleservices (Maharashtra), directors and promotersAlert: SEBI had imposed curbs on TTML for not meeting minimum public shareholding (MPS) norms

Ex-Dividend- Balmer Lawrie : Rs 17.6/share
- Bharat Electronics : Rs 16.3/share
- BHEL : Rs 3.3/share
- BPCL : Rs 11/share
- Coal India : Rs 4.3/share
- HEG : Rs 8/share

Other stocks and sectors that are in news today:
-Centre to SC: Govt nod must for CBI to probe senior officials
-CBI to SC: Need more officers for coal block allotment probe
- Fortis Healthcare says have allotted 37.37 lakh shares to Stanchart (Mauritius) on preferential basis at Rs 99.09/share
- Container Corporation : Ex-Date for Bonus issue in ratio of 1:2
-NHAI nudges IDFC off Gurgaon expressway: FE (NHAI in January had allowed IDFC buying 74 percent stake in the project)
-Lok Sabha passes Land Bill with Amendments
-Cabinet Panel okays extending monsoon session till Saturday
-RBI says banks can conditionally give guarantee for NRI shares, bond buys

Government:-April-August net direct tax mop-up up 15.4 percent at Rs 1.43 lakh crore
-April-August gross direct tax mop-up up 14.4 percent at Rs 1.88 lakh crore
-April-August gross corporate tax mop-up up 11.7 percent at Rs 1.08 lakh crore
-April-August personal income tax mop-up up 19 percent at Rs 78,190 crore
-April-August wealth tax mop-up up 24.4 percent at Rs 280 crore
-April-August securities transaction tax mop-up at Rs 1,649 crore

Oil Minister M Veerappa Moily:-Will not take any emergency measures for oil import
-Fundamentals are very strong; expect rupee to bounce back soon
-No decision on hiking diesel price as of now
-Working on various ways to cut oil import bill

Stocks in Ban Period:

NIL

Source:**moneycontrol.com , nseindia.com