Nifty opened flat at 7746 and traded sideways for better part of first session. The market broke the previous low of 7722 to test the 7700 support. A sharp bounce was seen, which took the market to 7800 level. For the market to sustain the gains it is very important to cross the of 7809. The market is expected to trade sideways with negative bias. A breach of 7743 will negate all the gains and market will fall below 7700 support.
The support for nifty is at 7764-7738-7694 and the resistance lies at 7809-7845-7887. 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 13.03 and for puts were at 13.2. India VIX closed at 13.8875.
PCR for Nifty based on open interest was at 0.98 and PCR for the day based on
volumes was at 0.95 for the market.
CASH MARKET:
FII 6133.66 - 6515.32 = -381.66Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 7946.98 | 7308.29 | 638.69 |
| INDEX OPTIONS | 20781.03 | 20311.97 | 469.06 |
| STOCK FUTURES | 16823.56 | 17196.78 | -373.23 |
| STOCK OPTIONS | 3034.21 | 3273.49 | -239.28 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Sanofi India Limited | Interim Dividend - Rs 10/- Per Share | 31-Jul-14 | 1-Aug-14 |
| Allcargo Logistics Limited | Annual General Meeting / Dividend - Rs 1.50/- Per Share | 31-Jul-14 | - |
| Bombay Burmah Trading Corporation Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 31-Jul-14 | - |
| Zee Media Corporation Limited | Annual General Meeting | 31-Jul-14 | - |
| Peacock Industries Limited | Annual General Meeting | 31-Jul-14 | - |
| Munjal Auto Industries Limited | Annual General Meeting / Dividend - Rs 2.50/- Per Share | 31-Jul-14 | - |
| NRB Bearing Limited | Dividend - Rs 1.10 Per Share | 31-Jul-14 | - |
| Sicagen India Limited | Annual General Meeting/Dividend Re.0.80/- Per Share | 31-Jul-14 | - |
| UFLEX Limited | Annual General Meeting / Dividend - Rs 2.50/- Per Share | 31-Jul-14 | - |
| Hexaware Technologies Limited | Interim Div-Rs.1.60 Per Share | 31-Jul-14 | 2-Aug-14 |
| Jyothy Laboratories Limited | Annual General Meeting / Final Dividend - Rs 2/- Per Share | 31-Jul-14 | - |
| KCP Limited | Annual General Meeting / Dividend - Re 0.10/- Per Share | 31-Jul-14 | - |
| PG Electroplast Limited | Annual General Meeting | 31-Jul-14 | - |
| Indiabulls Securities Limited | Interim Dividend Re 1/-Per Share | 31-Jul-14 | 1-Aug-14 |
| Maruti Suzuki India Limited | E-Voting | 31-Jul-14 | 1-Aug-14 |
| Mukand Limited | Annual General Meeting | 31-Jul-14 | - |
| PAE Limited | Annual General Meeting | 31-Jul-14 | - |
| IVP Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 31-Jul-14 | - |
| Madhav Marbles and Granites Limited | Annual General Meeting / Dividend - Rs 1.50/- Per Share | 31-Jul-14 | - |
| Orient Paper & Industries Limited | Dividend @ Re.0.10/- Per Share | 31-Jul-14 | - |
| Voltamp Transformers Limited | Dividend Rs 10 Per Share | 31-Jul-14 | - |
| GATI Limited | Annual General Meeting / Final Dividend - Re 0.70/- Per Share | 31-Jul-14 | - |
| La Opala RG Limited | Annual General Meeting / Dividend - Rs 5/- Per Share | 31-Jul-14 | - |
| Divi's Laboratories Limited | Annual General Meeting / Dividend - Rs 20/- Per Share | 31-Jul-14 | - |
| Atlanta Limited | Annual General Meeting / Dividend - Re 0.24/- Per Share | 31-Jul-14 | - |
| Foseco India Limited | Second Interim Dividend - Rs 4/- Per Share | 31-Jul-14 | 1-Aug-14 |
| Godrej Industries Limited | Annual General Meeting / Final Dividend - Rs 1.75/- Per Share | 31-Jul-14 | - |
| Adani Power Limited | Annual General Meeting | 31-Jul-14 | - |
| Seamec Limited | Annual General Meeting | 31-Jul-14 | - |
| Omkar Speciality Chemicals Limited | Annual General Meeting/Dividend Rs. 1.50/- Per Share | 31-Jul-14 | - |
| Adani Ports and Special Economic Zone Limited | Annual General Meeting/Dividend Re 1/- Per Share | 31-Jul-14 | - |
| Deepak Nitrite Limited | Annual General Meeting /Dividend Re.1 Per Share | 31-Jul-14 | - |
| IL&FS Engineering and Construction Company Limited | Annual General Meeting | 31-Jul-14 | - |
| Brooks Laboratories Limited | Annual General Meeting | 31-Jul-14 | - |
| Zee Learn Limited | Annual General Meeting | 31-Jul-14 | - |
| Tamilnadu PetroProducts Limited | Annual General Meeting | 31-Jul-14 | - |
| Bajaj Hindusthan Limited | Annual General Meeting | 31-Jul-14 | - |
| Adani Enterprises Limited | Annual General Meeting/Dividend Rs 1.40/- Per Share | 31-Jul-14 | - |
| MBL Infrastructures Limited | Annual General Meeting / Dividend - Rs 3/- Per Share | 31-Jul-14 | - |
| Manali Petrochemicals Limited | Annual General Meeting / Dividend - Re 0.50/- Per Share | 31-Jul-14 | - |
| DCW Limited | Annual General Meeting / Dividend - Re 0.36/- Per Share | 31-Jul-14 | - |
| Rane Holdings Limited | Annual General Meeting / Dividend - Rs 6.50/- Per Share | 31-Jul-14 | - |
STOCKS IN NEWS:**
Maruti Suzuki India Ltd: India's largest carmaker is expected to report 13 per cent YoY growth in its net profit number to Rs 715 crore for the quarter ended June 30, as compared to Rs 632 crore reported in the year-ago period, according to ET Now estimates.
ICICI Bank Ltd: India's largest private sector bank is likely to report 13.7 per cent YoY growth in net profit to Rs 2585 crore for the quarter ended June 30, as compared to Rs 2274.20 crore reported in the year-ago period.
Dhanuka Agritech: The Agrochemicals firm posted 18 per cent increase in net profit at Rs 20.45 crore for the first quarter ended on June 30 on account of higher income.
NTPC Ltd: Country's largest power producer NTPCBSE 0.20 % has sought shareholders' nod for raising up to Rs 13,000 crore through issue of securities.
GAIL India Ltd: Faced with the prospect of a second Presidential directive, state gas utility GAIL India Ltd has decided to buy from Indian shipbuilders a third of the LNG ships for ferrying gas from the US.
ITC Ltd: Life Insurance Corporation (LIC), India's biggest investor, sold private and public sector banks and bought software stocks and ITCBSE 0.32 %, with the Kolkata based FMCG major accounting for a major chunk of the purchases in the past quarter.
HCC Ltd: Ajit Gulabchand, chairman and managing director at Hindustan Construction Company, is chalking out a plan to raise Rs 1,500-2,000 crore to repay debt and get the Mumbai-based construction and engineering company out of the corporate debt restructuring cell ahead of schedule.
INOX Leisure Ltd: In line with its strategy to expand its footprint in India, multiplex chain INOX Leisure Ltd (INOX) has bought 100 per cent share equity capital in New Delhi-headquartered Satyam Cineplexes Ltd (Satyam).
Sesa Sterlite Ltd: Anil Agarwal controlled Vedanta Resources firm Sesa Sterlite got the nod of affected locals to expand capacity of its Lanjigarh refinery from one million tonne per annum (mtpa) to six mtpa at a time when the refinery is running at reduced capacity due to absence of raw material linkage.
Unitech Ltd: Real estate developer Unitech is selling 17.5 acres of land in Noida's Sector 144 to local builder Gulshan Homz for Rs 400 crore, two people with knowledge of the deal said.
Sun Pharma & Ranbaxy: Mumbai-based Sun Pharmaceutical Industries will seek shareholders nod for its $ 4 billion acquisition of Ranbaxy Laboratories in a court convened meeting on August 22.
Talwalkars Better Value Fitness: British health and fitness group David Lloyd is purchasing a roughly 20% stake in Talwalkars Better Value Fitness for Rs 500 crore at Rs 300 a piece, valuing the health fitness chain at Rs 1000 crore three people with direct knowledge of the deal said.
Monsanto India Ltd: Agri-biotechnology major Monsanto India reported 26.28 per cent jump in net profit to Rs 71.02 crore for the first quarter of current fiscal on the back of higher sales.
MphasiS: HP-owned IT services firm MphasiS reported a consolidated net profit of Rs 174.79 crore for the quarter ended June 30, 2014. The company in a BSE filing said it has changed its accounting year end from October to March, effective November 1, 2013.
EID Parry Ltd: Murugappa Group company EID Parry reported a consolidated net loss of Rs 30.03 crore for the first quarter ending June 30, 2014. The Chennai-based company had reported a consolidated net loss of Rs 103.08 crore during the corresponding period of the previous year, a company statement said.
Amtek Auto Ltd: Auto component firm Amtek Auto today reported a 60.56 per cent jump in standalone net profit at Rs 86.08 crore for the third quarter ended June 30 on the account of higher sales.
Karnataka Bank: City based private sector bank - Karnataka Bank has posted a 29.16% rise in net profit for June quarter of the current fiscal. The net profit is Rs 121.63 crore as against Rs 94.17 crore in the corresponding quarter last year. Business turnover touched Rs 71,620 crore
STOCKS IN BAN PERIOD:
1 GMRINFRA
2 HDIL
3 JPASSOCIAT
2 HDIL
3 JPASSOCIAT
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Karnatak Bank
The stock has been moving in a down trend for past 7 days. It has formed a bullish hammer on good vaolumes. The stock is likely to move towards the 130.9-132.9-135 with the stop loss of 126 on closing basis.
The stock has been moving in a down trend for past 7 days. It has formed a bullish hammer on good vaolumes. The stock is likely to move towards the 130.9-132.9-135 with the stop loss of 126 on closing basis.
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