Nifty opened with a gap up of 14 points at 7641 and made a high of 7658. As I had mentioned in Thursday's Daily report, the market tested the 7580 levels and bounced back to the high of the day. The market is consolidating in the range of 7580-7700. A breach on either side will provide the direction of the market. The market can trade in a range with negative bias for today.
The support for nifty is at 7602-7557-7500 and the resistance lies at 7690-7725-7757. Nifty June Future has
been trading at 21-22 points premium to the spot. The implied volatility on the
Nifty June Options of ATM strike calls were at 12.79 and for puts were at 14.68. India VIX closed at 16.9025.
PCR for Nifty based on open interest was at 0.97 and PCR for the day based on
volumes was at 0.88 for the market.
CASH MARKET:
FII 4192.31 - 3539.96 = 652.35Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 1354.64 | 1202.70 | 151.94 |
| INDEX OPTIONS | 10892.39 | 11404.80 | -512.41 |
| STOCK FUTURES | 2890.76 | 2650.24 | 240.52 |
| STOCK OPTIONS | 2669.01 | 2654.27 | 14.74 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Hindustan Construction Company Limited | Annual General Meeting | 13-Jun-14 | - |
| Corporation Bank | Annual General Meeting/Dividend Rs 2.25/- Per Share | 13-Jun-14 | - |
| Ponni Sugars (Erode) Limited | E-Voting | 13-Jun-14 | 16-Jun-14 |
| Rallis India Limited | Annual General Meeting / Dividend - Rs 1.40/- Per Share | 13-Jun-14 | - |
STOCKS IN NEWS:**
Edelweiss Financial Services: In a block deal worth Rs 55 crore, celebrated investor Rakesh Jhunjhunwala bought a 1.3% stake in homegrown financial services firm Edelweiss Financial Services on Thursday.
Jhunjhunwala bought 1 crore shares of the firm at Rs 55 per share from GPC Mauritius, an FII which sold over 2.6 crore of Edelweiss shares at an average price of Rs 56.34 on the BSE.
SpiceJet Ltd: Low-cost carrier SpiceJet said it will add capacity on its four existing routes by adding bigger aircraft and introducing additional flights from June 15.
Tata Motors Ltd: Tata Motors-owned Jaguar Land Rover is planning to expand its China operations with a new engine- making plant - its first ever outside the UK - alongside its car assembly factory in Shanghai.
Hero MotoCorp Ltd: Private equity firm Bain Capital is planning to sell a part of its stake in Hero MotoCorp via block deals on exchanges, sources said. Bain Capital is in discussion with potential investors and is likely to sell shares worth approx $300 million, depending on the demand. The deal could hit the equity market in the next few days if price negotiation is complete, a source said.
Idea Cellular Ltd: Country's third largest telco Idea Cellular said it has raised Rs 3,000 crore through qualified institutions placement ( QIP) which witnessed strong interest from both foreign and domestic investors.
IOB Ltd: State-owned Indian Overseas Bank (IOB) today said it has requested the government to provide a capital support of Rs 3,500 crore during the current fiscal.
SAIL: At least six people were killed and over 40 reportedly injured due to a leakage in a methane gas pipeline at a water pump house in the Bhilai steel plant (BSP) on Thursday night.
J&K Bank: Jammu & Kashmir Bank said its board has approved sub-division of share in the ratio of 1:10. As per the approved sub-division, one equity share of the bank having a face value of Rs 10 each would be split into ten equity shares of face value Re 1 each, J&K Bank said in a filing on the BSE.
Oil & Gas stocks: Petrol prices may fall by less than a rupee this weekend as gasoline has eased in the international market. State oil marketing firms, however, are reluctant to pass on the benefit to consumers, arguing that they need a "pricing cushion" in view of the ongoing political crisis in Iraq.
Cipla Ltd: After fighting a long and bitter patent battle in India over lung cancer drug Tarceva (Erlotinib), Swiss innovator firm Hoffman La Roche and Indian generic drugmaker Cipla have entered talks through mediation to settle the matter on "mutually agreeable terms".
Dr Reddy's Laboratories: The drug firm launched Melgain lotion used for treatment of vitiligo, a skin disorder in India under a partnership with Issar Pharmaceuticals Pvt Ltd. The lotion will benefit patients of the skin pigmentation disorder in India, Dr Reddy's said in a statement.
Jhunjhunwala bought 1 crore shares of the firm at Rs 55 per share from GPC Mauritius, an FII which sold over 2.6 crore of Edelweiss shares at an average price of Rs 56.34 on the BSE.
SpiceJet Ltd: Low-cost carrier SpiceJet said it will add capacity on its four existing routes by adding bigger aircraft and introducing additional flights from June 15.
Tata Motors Ltd: Tata Motors-owned Jaguar Land Rover is planning to expand its China operations with a new engine- making plant - its first ever outside the UK - alongside its car assembly factory in Shanghai.
Hero MotoCorp Ltd: Private equity firm Bain Capital is planning to sell a part of its stake in Hero MotoCorp via block deals on exchanges, sources said. Bain Capital is in discussion with potential investors and is likely to sell shares worth approx $300 million, depending on the demand. The deal could hit the equity market in the next few days if price negotiation is complete, a source said.
Idea Cellular Ltd: Country's third largest telco Idea Cellular said it has raised Rs 3,000 crore through qualified institutions placement ( QIP) which witnessed strong interest from both foreign and domestic investors.
IOB Ltd: State-owned Indian Overseas Bank (IOB) today said it has requested the government to provide a capital support of Rs 3,500 crore during the current fiscal.
SAIL: At least six people were killed and over 40 reportedly injured due to a leakage in a methane gas pipeline at a water pump house in the Bhilai steel plant (BSP) on Thursday night.
J&K Bank: Jammu & Kashmir Bank said its board has approved sub-division of share in the ratio of 1:10. As per the approved sub-division, one equity share of the bank having a face value of Rs 10 each would be split into ten equity shares of face value Re 1 each, J&K Bank said in a filing on the BSE.
Oil & Gas stocks: Petrol prices may fall by less than a rupee this weekend as gasoline has eased in the international market. State oil marketing firms, however, are reluctant to pass on the benefit to consumers, arguing that they need a "pricing cushion" in view of the ongoing political crisis in Iraq.
Cipla Ltd: After fighting a long and bitter patent battle in India over lung cancer drug Tarceva (Erlotinib), Swiss innovator firm Hoffman La Roche and Indian generic drugmaker Cipla have entered talks through mediation to settle the matter on "mutually agreeable terms".
Dr Reddy's Laboratories: The drug firm launched Melgain lotion used for treatment of vitiligo, a skin disorder in India under a partnership with Issar Pharmaceuticals Pvt Ltd. The lotion will benefit patients of the skin pigmentation disorder in India, Dr Reddy's said in a statement.
STOCKS IN BAN PERIOD:
DISHTV
HDIL
IBREALEST
L&TFH
HDIL
IBREALEST
L&TFH
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
IDEA
The stock has moved down from the intermediate high of 148 and is near the support of 50 DMA. Also on the hourly charts the stock has formed a bulish engulfing with good volume. Buy the stock with the stop loss of 139 for the target of 143.45-144.5-145.75
The stock has moved down from the intermediate high of 148 and is near the support of 50 DMA. Also on the hourly charts the stock has formed a bulish engulfing with good volume. Buy the stock with the stop loss of 139 for the target of 143.45-144.5-145.75
Stop loss triggered
ReplyDelete