Nifty opened with a gap down of 32 points at 7874 and made a high of 7915. The market is likely to move down from here onwards. On Monday it had formed a bearish harami pattern near the upper resistance of rising channel. The big gap down on Tuesday can be termed as confirmation of this pattern. As long as market stays below 7970 it is likely to be bearish. There was more than 10 lac call writing was seen in the 7900PE.
The support for nifty is at 7842-7800-7753 and the resistance lies at 7931-7975-8025. Nifty August Future has
been trading at 1-2 points premium to the spot. The implied volatility on the
Nifty August Options of ATM strike calls were at 11.11 and for puts were at 11.74. India VIX closed at 13.9025.
PCR for Nifty based on open interest was at 0.99 and PCR for the day based on
volumes was at 0.95 for the market.
CASH MARKET:
FII 3212.56 - 2847.84 = 364.72Cr.
FII DERIVATIVES MARKET:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 4791.49 | 4522.45 | 269.05 |
| INDEX OPTIONS | 14615.31 | 14894.49 | -279.18 |
| STOCK FUTURES | 11955.24 | 11907.75 | 47.49 |
| STOCK OPTIONS | 2903.07 | 3049.29 | -146.22 |
CORPORATE ACTION:
| Company | Purpose | Ex-Date | Record Date |
| Rajshree Sugars & Chemicals Limited | Annual General Meeting | 27-Aug-14 | - |
| Pressman Advertising Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 27-Aug-14 | - |
| Sai Television Limited | Annual General Meeting | 27-Aug-14 | - |
| Zandu Realty Limited | Annual General Meeting | 27-Aug-14 | - |
| Bhartiya International Limited | Annual General Meeting/Dividend Re 1/- Per Share | 27-Aug-14 | - |
| Wheels India Limited | Annual General Meeting / Final Dividend - Rs 4.20/- Per Share (Book Closure Dates Revised) | 27-Aug-14 | - |
| Tree House Education & Accessories Limited | Annual General Meeting / Dividend - Rs 1.50/- Per Share | 27-Aug-14 | - |
| TVS Electronics Limited | Annual General Meeting | 27-Aug-14 | - |
| Sarda Energy & Minerals Limited | Dividend - Rs 3/- Per Share | 27-Aug-14 | - |
| Emami Infrastructure Limited | Annual General Meeting | 27-Aug-14 | - |
| Container Corporation of India Limited | Annual General Meeting / Final Dividend - Rs 5.30/- Per Share | 27-Aug-14 | - |
| T T Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 27-Aug-14 | - |
| Texmaco Infrastructure & Holdings Limited | Annual General Meeting / Dividend - Re 0.15/- Per Share | 27-Aug-14 | - |
| Sadbhav Engineering Limited | Annual General Meeting / Dividend - Re 0.70/- Per Share | 27-Aug-14 | - |
| GAIL (India) Limited | Annual General Meeting / Final Dividend - Rs 5.90/- Per Share | 27-Aug-14 | - |
| Digjam Limited | Annual General Meeting | 27-Aug-14 | - |
| SML Isuzu Limited | Annual General Meeting / Dividend - Rs 3/- Per Share | 27-Aug-14 | - |
| Simplex Infrastructures Limited | Annual General Meeting / Dividend - Re 0.50/- Per Share | 27-Aug-14 | - |
| Aditya Birla Nuvo Limited | Annual General Meeting / Dividend - Rs 7/- Per Share | 27-Aug-14 | - |
| Nilkamal Limited | Annual General Meeting / Final Dividend - Rs 4/- Per Share | 27-Aug-14 | - |
| Tantia Constructions Limited | Anuual General Meeting | 27-Aug-14 | - |
| SRF Limited | Interim Dividend Rs 5/- Per Share | 27-Aug-14 | 28-Aug-14 |
| Maruti Suzuki India Limited | Annual General Meeting / Dividend - Rs 12/- Per Share | 27-Aug-14 | - |
| OnMobile Global Limited | Annual General Meeting / Dividend - Rs 1.50/- Per Share | 27-Aug-14 | - |
| International Constructions Limited | Annual General Meeting | 27-Aug-14 | - |
| Gokul Refoils and Solvent Limited | Annual General Meeting | 27-Aug-14 | - |
| Precot Meridian Limited | Annual General Meeting / Dividend - Rs 2/- Per Share | 27-Aug-14 | - |
| Amarjothi Spinning Mills Limited | Annual General Meeting / Dividend - Rs 2/- Per Share | 27-Aug-14 | - |
| Hindusthan National Glass & Industries Limited | Annual General Meeting | 27-Aug-14 | - |
| Savita Oil Technologies Limited | Annual General Meeting / Dividend - Rs 17.50/- Per Share | 27-Aug-14 | - |
| AIA Engineering Limited | Annual General Meeting / Dividend - Rs 6/- Per Share | 27-Aug-14 | - |
| JK Lakshmi Cement Limited | Annual General Meeting / Dividend - Rs 2/- Per Share | 27-Aug-14 | - |
| Khaitan Electricals Limited | Annual General Meeting | 27-Aug-14 | - |
| Excel Crop Care Limited | Annual General Meeting / Dividend - Rs 12.50/- Per Share | 27-Aug-14 | - |
| Unity Infraprojects Limited | Annual General Meeting | 27-Aug-14 | - |
| Finolex Cables Limited | Annual General Meeting / Dividend Rs.1.60/- Per Equity Share (Book Closure Dates & Agm Dates Revised) | 27-Aug-14 | - |
| The Andhra Sugars Limited | Annual General Meeting / Dividend - Rs 5/- Per Share | 27-Aug-14 | - |
| Century Extrusions Limited | Annual General Meeting | 27-Aug-14 | - |
| Century Plyboards (India) Limited | Annual General Meeting / Dividend - Re 1/- Per Share | 27-Aug-14 | - |
| The Oudh Sugar Mills Limited | Annual General Meeting | 27-Aug-14 | - |
| Hindustan Media Ventures Limited | Annual General Meeting / Dividend - Rs 1.20/- Per Share | 27-Aug-14 | - |
| Eros International Media Limited | Annual General Meeting | 27-Aug-14 | - |
| Kalyani Steels Limited | Annual General Meeting / Dividend - Rs 3/- Per Share | 27-Aug-14 | - |
| Texmaco Rail & Engineering Limited | Annual General Meeting / Dividend - Re 0.25/- Per Share | 27-Aug-14 | - |
STOCKS IN NEWS:**
SAIL: Steel Authority of India plans to raise up to Rs 5,000 crore debt this fiscal by issuing secured non-convertible debentures or bonds in tranches to part-fund its capital expenditure.
ONGC: Moving ahead with the 5 per cent disinvestment in ONGC, which may fetch the exchequer over Rs 17,000 crore, the Finance Ministry has appointed 5 merchant bankers including Citigroup and HSBC Securities for managing the stake sale.
M&M, Tata Motors Ltd: majors Mahindra & Mahindra and Tata Motors said they would challenge the CCI penalty on them for violation of trade norms in the spare parts and after services market.
SBI: State Bank of India, country's largest public bank on Tuesday revised interest rates on home loans. The bank will offer uniform interest rate on home loans from August 26, irrespective of the loan amount you borrow.
RIL: Reliance Jio Infocomm (RJIL) has signed a deal with state-owned telecom firm BSNL for leasing around 4,000 mobile towers. As per the deal, BSNL will be offering a base rate of Rs 38,000 per month for ground based towers (GBT) and Rs 24,900 per month for rooftop based towers ( RBT).
OMCs will be in focus after media reports suggested that Oil Ministry will seek Cabinet nod for freeing diesel prices after retail rates achieve parity with global levels, and has proposed to cut subsidy payout by upstream firm like ONGC by half.
TVS Motors Company Ltd: TVS Motor Company is eyeing about 18 per cent market share in the country's two-wheeler segment over the next two years on the back of its recently launched products as well as new launches planned in the future.
Bajaj Auto Ltd: Bajaj Auto is bullish on its two new 150cc bikes and is aiming to regain lost ground in the second half of the FY15.
Defence related stocks will be in focus after the government has apparently done away with the condition of 51 per cent equity ownership by a single Indian partner while raising the foreign investment cap to 49 per cent from 26 per cent.
PFC & REC: The government's divestment drive is gathering pace. On Wednesday, the power and finance minister will meet over selling stake in Power Finance Corporation (PFC) and REC, said media reports.
Venus Remedies Ltd: Pharma major Venus Remedies said it has entered into a collaborative agreement with Israel-based generic drug maker Teva for selling an anti- cancer drug in the Canadian market.
Jindal SAW Ltd: Jindal Saw announced that Jindal Tubular USA LLC, an entity incorporated in the US and step down subsidiary of the Company (it is wholly owned by S V Trading, Navis which in turn is a wholly owned subsidiary of the Company), had entered into an asset purchase agreement on 16 June 2014 with PSL-North America LLC for the acquisition of identified assets and liabilities of PSL-North America LLC.
GMR Infrastructure Ltd: The board of GMR Infrastructure has approved issuance of warrants worth Rs 567 crore to promoter entity, GMR Infra Ventures LLP.
UCO Bank: The government has ordered limited forensic audit into some non-performing accounts of Kolkata-based UCO Bank to find out any irregularities in sanction of loans.
ONGC: Moving ahead with the 5 per cent disinvestment in ONGC, which may fetch the exchequer over Rs 17,000 crore, the Finance Ministry has appointed 5 merchant bankers including Citigroup and HSBC Securities for managing the stake sale.
M&M, Tata Motors Ltd: majors Mahindra & Mahindra and Tata Motors said they would challenge the CCI penalty on them for violation of trade norms in the spare parts and after services market.
SBI: State Bank of India, country's largest public bank on Tuesday revised interest rates on home loans. The bank will offer uniform interest rate on home loans from August 26, irrespective of the loan amount you borrow.
RIL: Reliance Jio Infocomm (RJIL) has signed a deal with state-owned telecom firm BSNL for leasing around 4,000 mobile towers. As per the deal, BSNL will be offering a base rate of Rs 38,000 per month for ground based towers (GBT) and Rs 24,900 per month for rooftop based towers ( RBT).
OMCs will be in focus after media reports suggested that Oil Ministry will seek Cabinet nod for freeing diesel prices after retail rates achieve parity with global levels, and has proposed to cut subsidy payout by upstream firm like ONGC by half.
TVS Motors Company Ltd: TVS Motor Company is eyeing about 18 per cent market share in the country's two-wheeler segment over the next two years on the back of its recently launched products as well as new launches planned in the future.
Bajaj Auto Ltd: Bajaj Auto is bullish on its two new 150cc bikes and is aiming to regain lost ground in the second half of the FY15.
Defence related stocks will be in focus after the government has apparently done away with the condition of 51 per cent equity ownership by a single Indian partner while raising the foreign investment cap to 49 per cent from 26 per cent.
PFC & REC: The government's divestment drive is gathering pace. On Wednesday, the power and finance minister will meet over selling stake in Power Finance Corporation (PFC) and REC, said media reports.
Venus Remedies Ltd: Pharma major Venus Remedies said it has entered into a collaborative agreement with Israel-based generic drug maker Teva for selling an anti- cancer drug in the Canadian market.
Jindal SAW Ltd: Jindal Saw announced that Jindal Tubular USA LLC, an entity incorporated in the US and step down subsidiary of the Company (it is wholly owned by S V Trading, Navis which in turn is a wholly owned subsidiary of the Company), had entered into an asset purchase agreement on 16 June 2014 with PSL-North America LLC for the acquisition of identified assets and liabilities of PSL-North America LLC.
GMR Infrastructure Ltd: The board of GMR Infrastructure has approved issuance of warrants worth Rs 567 crore to promoter entity, GMR Infra Ventures LLP.
UCO Bank: The government has ordered limited forensic audit into some non-performing accounts of Kolkata-based UCO Bank to find out any irregularities in sanction of loans.
STOCKS IN BAN PERIOD:
1 IBREALEST
2 IRB
3 JPASSOCIAT
2 IRB
3 JPASSOCIAT
Source:**economictimes.com , nseindia.com
STOCK OF THE DAY:
Bajaj Financial Services:
The Stock has been treading in a range of 900-980 for the past 60 days. It has broken out of the range with good volumes. The stock can be bought at 1000 & on the declines till 980 with the stop loss of 966 for the target of 1060.
The Stock has been treading in a range of 900-980 for the past 60 days. It has broken out of the range with good volumes. The stock can be bought at 1000 & on the declines till 980 with the stop loss of 966 for the target of 1060.
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