Nifty Daily For 21st February 2014

                        Nifty traded in the range of 25 points for most of the day. In line with weak global markets Nifty opened gap down of 25 points to 612 levels. The index made a low of 6105 near the support of 6104 mentioned yesterday. The support put help nifty to pull back to the high of the day near 6130. The index broke the support on third time test due to very bad European opening around 2.45pm to make the low of 6086. Today the markets are expected to remain muted positive.

                    The support for nifty is at 6082-6043-5990 and the resistance lies at 6129-6160-6204. Nifty February Future has been trading at 16-17 points premium to the spot. The implied volatility on the Nifty February Options of ATM strike calls were at 14.14 and for puts were at 12.32. India VIX closed at 15.16. PCR for Nifty based on open interest was at 1.03 and PCR for the day based on volumes was at 0.99 for the market.

Cash Market:

FII                 2382.18  -   2175.72  =   206.46 Cr.

DII                457.4  -   1058.11  =   (600.71) Cr.

FII Derivatives Market:

IN Cr.	BUY	SELL	NET
INDEX FUTURES	1254.50	1573.07	-318.57
INDEX OPTIONS	12322.92	12306.57	16.35
STOCK FUTURES	1873.90	2198.76	-324.86
STOCK OPTIONS	1145.11	1171.55	-26.44

Corporate Action:

Ex-Date	Company	Purpose
21-Feb-14	Kesar Terminals & Infrastructure Limited	Interim Dividend Rs 1.50/- Per Share
21-Feb-14	PI Industries Limited	Interim Dividend Re 0.50/- Per Share

 

Stocks In News:**

Shree Renuka Sugars Ltd: Leading sugar firm Shree Renuka Sugars said it will sell 25.75 crore fresh equity shares to Singapore-based agri-business firm Wilmar International for Rs 517 crore in order to reduce the company's debt.

MCX Ltd: Multi Commodity Exchange (MCX), the only listed bourse in India, is planning to sell its stakes in MCX Stock Exchange (MCX-SX), MCX-SX Clearing Corporation and Dubai Gold and Commodity Exchange (DGCX) to raise around Rs 900 crore, said sources.

DCB Bank: Private sector DCB Bank today said it has sought extension of deadline from the Reserve Bank to dilute promoter stake to 10 per cent, citing prevailing poor market conditions.

Bharti Airtel Ltd: Bharti Airtel, which operates in 20 countries across Asia and Africa said that it would move the Supreme Court of Nigeria against a February 14 judgment of the Court of Appeals, Lagos, which ruled in favour of Econet Wireless of Nigeria, said media reports.

ABB Ltd: ABB, a leading power and automation technology group, today said it has won orders worth around Rs 310 crore from Power Grid Corporation of India Ltd to supply power transformers and shunt reactors.

HMT Ltd: Government today announced a financial package of about Rs 77.4 crore for the state-run HMT Limited and its subsidiary HMT Machine tools Ltd to make payments of salary, wages and statutory dues such as PF and gratuity to its employees, said media reports.

JSPL: Jindal Steel and Power Ltd (JSPL), a leading manufacturer of flat and long steel products in the country, today said it was hoping for normal consumption growth in the steel sector during the coming financial year, said media reports.

Apollo Hospitals Ltd: Leading super speciality hospital chain Apollo Hospitals Ltd has lined up an investment of Rs 2,000 crore in the next 2-3 years for adding 2,000 new beds, said media reports.

NTPC Ltd: The state run NTPC is all set to get another power project in Bihar. This 1.320 MW project would be set up through a joint venture company with the PSU and the state government's power production company, said media reports.

India Infoline Ltd: India Infoline Housing Finance Ltd (IIHFL) is planning to garner up to Rs 200 crore through non-convertible debentures to support its financing activities.

Stocks in Ban Period:

AUROPHARMA

Source:**economictimes.com , nseindia.com

Nifty Daily For 20th February 2014

As expected the markets stayed in the narrow range of 20 points but broke out in the last half an hour of trade. Taking into consideration weak global markets the nifty is expected to trade on the negative side.                    

The support for nifty is at 6132-6104-6076 and the resistance lies at 6188-6224-6266. Nifty February Future has been trading at 6-7 points premium to the spot. The implied volatility on the Nifty February Options of ATM strike calls were at 11.54 and for puts were at 13.61. India VIX closed at 15.07. PCR for Nifty based on open interest was at 1.14 and PCR for the day based on volumes was at 1.04 for the market.

Cash Market:

FII               1812.17  -  1343.7  =  468.47 Cr.

DII                458.89  -  797.63  =  (338.74) Cr.

FII Derivatives Market:

IN Cr.	BUY	SELL	NET
INDEX FUTURES	1095.16	913.63	181.53
INDEX OPTIONS	10544.47	10068.60	475.87
STOCK FUTURES	1516.03	1636.38	-120.35
STOCK OPTIONS	1031.42	1100.97	-69.55

Corporate Action:

 

Ex-Date	Company	Purpose
20-Feb-14	Sharon Bio-Medicine Limited	Bonus 1:1 / Face Value Split From 10/- To Face Value 2/-
20-Feb-14	Rural Electrification Corporation Limited	Interim Dividend - Rs 7.75/- Per Share (Purpose Revised)
20-Feb-14	Bajaj Corp Limited	Interim Dividend - Rs 6.50/- Per Share
20-Feb-14	Banco Products (I) Limited	Interim Dividend Re 1/- Per Share
20-Feb-14	Hexaware Technologies Limited	Interim Dividend Rs 7.5/- Per Share
20-Feb-14	Financial Technologies (India) Limited	Third Interim Dividend Rs.2/- Per Share (Purpose Revised)

Stocks In News:**

Hero MotoCorp Ltd: Country's largest two-wheeler maker Hero MotoCorp has decided to cut prices up to five per cent to pass on the benefit of excise duty cut announced by Union Finance Minister P Chidambaram in his interim Budget.

Kingfisher Airlines Ltd: Crisis-ridden Kingfisher Airlines' shares, amounting to over Rs 5.7 crore, have been sold by SBICAP Trustee Company. SBICAP has offloaded more than 1.69 crore shares valued at over Rs 5.7 crore, Kingfisher said in a regulatory filing.

Maruti Suzuki Ltd: The biggest relief came from Maruti Suzuki that controls more than 40 per cent of the 2.6 million Indian passenger car market. It dropped prices in the range ofRs 8,197 for its basic Maruti 800 model, going up to Rs 30,984 for its SX4 sedan.

Mahindra & Mahindra Ltd: Utility vehicle maker Mahindra & Mahindra too announced a reduction in prices of its passenger vehicle portfolio spanning from Rs 13,000 to Rs 49,000. The company cut prices of its premium SUV, the Rexton, by up to Rs 92,000. Japanese carmaker Honda Cars India also cut prices in the range of Rs 14,650 to Rs 44,741 for its Brio hatchback to the top-end CR-V range of vehicles.

NMDC: State-owned iron ore miner NMDC today approved a wage settlement pact that will hike pay for its 5,000 non-executives by up to Rs 12,000 a month. The financial implication of the revision was estimated to be around Rs 65 crore a year, said media reports.

Uflex Ltd: Income Tax department today carried out raids at 37 premises associated with Uflex Limited in nine cities and claimed to have found bogus sale worth Rs 100 crore alongwith unaccounted cash worth Rs 2 crore.

Elder Pharmaceuticals Ltd: Elder Pharmaceuticals has appointed consulting firm Deloitte for restructuring the company and its brands including 'Eldervit' following the sale of its formulation business to Torrent Pharmaceuticals for Rs 2,004 crore.

Infosys Ltd: Blaming wrong classification for showing assets as bad debt, state-owned United Bank of India (UBI) said the software system sourced from Infosys has "inherent deficiencies" in identifying quality of assets in certain categories.

NTPC Ltd: State-owned NTPC, which today laid the foundation stone for a 1,600-MW power plant in Madhya Pradesh, plans to set up two more projects in the state.

ITC Ltd: ITC is firming up plans to foray into non-carbonated beverages and dairy businesses next fiscal to establish itself as one of the largest food companies in the country, a senior industry executive aware of the company's plans said.

Stocks in Ban Period:

Auropharma
Source:**economictimes.com , nseindia.com

Nifty Daily for 19th Feb 2014

Nifty opened flat but managed to recover fast. The 200DMA has provided necessary support halting the fall. The market can move up to 6200 levels as long as 5950 is not broken. With most of the result season over now the market is keeping eyes on the forthcoming Loksabha election. Today however taking into consideration the cues from global market a sideways session is expected. The agitation against formation of Telangana state can be hindrance in market progress. 

The support for nifty is at 6104-6066-6031 and the resistance lies at 6154-6189-6224. Nifty February Future has been trading at 11-12 points premium to the spot. The implied volatility on the Nifty October Options of ATM strike calls were at 12.35 and for puts were at 13.01. India VIX closed at 14.53. PCR for Nifty based on open interest was at 1.06 and PCR for the day based on volumes was at 1.02 for the market.

Cash Market:

FII                  2327.07  -   2034.84 =   292.23 Cr.

DII                 738.64  -   893.47  =   (154.83) Cr.

FII Derivatives Market:

IN Cr.	BUY	SELL	NET
INDEX FUTURES	2128.73	1503.66	625.07
INDEX OPTIONS	17082.65	16127.55	955.10
STOCK FUTURES	1674.96	1962.67	-287.71
STOCK OPTIONS	1287.34	1332.56	-45.23

Stocks In News:**

Power Grid Ltd: State-owned Power Grid Corp plans to invest more than Rs 61,000 crore in the next three financial years, with a significant chunk of funds to be raised by way of bonds and debentures.

ONGC & Oil India: ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have signed contracts to explore oil and gas in two areas in Bangladeshi waters. An equal joint venture of OVL, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), and OIL on Monday signed production sharing contracts (PSC) for shallow water blocks SS-04 and SS-09 in Bangladesh.

Tech Mahindra & Financial Technologies: The word is out that Mahindra & Mahindra Group company Tech Mahindra has shown interest in buying a sizeable equity stake in Financial Technologies. While it's uncertain whether the ongoing negotiations will translate into a deal, ET learns that consultants have been hired to carry out a due diligence of FT.

Hero MotoCorp Ltd: Honda Motorcycle & Scooter India (HMSI) and Hero MotoCorp today slashed product prices after the excise duty reduction announced in the Interim Budget 2014-15. HMSI cut prices by up to Rs 7,600 while Hero MotoCorp reduced rates by up to Rs 4,500.

GMR Infrastructure Ltd: GMR Group today said it has sold its 74 per cent stake in a 73-km long highway project to India Infrastructure Fund (IIF).

JSPL Ltd: Jindal Steel and Power Ltd has bought back shares worth Rs 500 crore from the public, utilising just half the amount it had set apart for the buyback offer.

Hindalco & Tata Power: An inter-ministerial panel (IMG) has recommended deallocation of 29 coal blocks of companies such as Essar Power, Hindalco, Tata Power and Jindal Steel and Power Ltd, and has suggested "no action at present" for 30 other blocks.

Stocks in Ban Period:

AUROPHARMA

Source:**economictimes.com , nseindia.com

Nifty Daily For 18th Feb 2014

Nifty opened with gap up on the back of strong world markets but soon faltered loosing its gain. The budget speech by finance minister did nothing to cheer the markets. Markets stayed in tight range for better part of the day. Nifty stated gaining upward momentum after 2.30pm and made new high for the day. 
The support for nifty is at 6065-6030-5990 and the resistance lies at 6095-6110-6144. Nifty February Future has been trading at 15-16 points premium to the spot. The implied volatility on the Nifty October Options of ATM strike calls were at 14.96 and for puts were at 15.11. India VIX closed at 15.83. PCR for Nifty based on open interest was at 1.04 and PCR for the day based on volumes was at 1.01 for the market.

Cash Market:
FII        2461.48  -   1938.66  =   522.82 Cr.

DII        490.88  -   736.05  =      (245.17) Cr.

FII Derivatives Market:

In Cr	Buy	Sell	Net
INDEX FUTURES	1158.40	922.27	236.13
INDEX OPTIONS	14035.39	13745.87	289.52
STOCK FUTURES	1473.88	1718.10	-244.22
STOCK OPTIONS	1398.12	1440.14	-42.02

Corporate Action:

Ex-Date	Company	Purpose
18-Feb-14	Ashoka Buildcon Limited	Interim Dividend Re 0.70/- Per Share
18-Feb-14	Welspun Corp Limited	Scheme Of Arrangement
18-Feb-14	Manappuram Finance Limited	Interim Dividend Re 0.45/- Per Share
18-Feb-14	Steel Authority of India Limited	Interim Dividend - Rs 2.02/- Per Share (Purpose Revised)
18-Feb-14	Hikal Limited	Interim Dividend Rs 2/- Per Share

Stocks In News:**
ABB India Ltd: The company is expected to report 223% YoY rise in net profit to Rs 55 crore for the quarter ended December 31, as compared to Rs 17 cr reported in the year ago period.

Gujarat Pipavav Port: The company is expected to report 27.8 per cent YoY rise in net profit to Rs 46 cr for the quarter ended December 31 as compared to Rs 36 cr reported in the year-ago period.

Tata Motors Ltd: Auto makers Tata Motors and General Motors India today announced they will cut prices of their products after Finance Minister P Chidambaram decided to reduce excise on automobiles in the interim Budget 2014-15.

NTPC Ltd: The board of state-run power producer NTPC has approved the 1,320-MW thermal power plant at Katwa in West Bengal, clearing the last hurdle for the long delayed project.

JSW Steel & Sesa Sterlite: The flagship companies controlled by metal tycoons, Sajjan Jindal and Anil Agarwal, are ranged against each other as Karnataka's steel makers and miners spar publicly over pricing of iron ore.

Adani Power & Jindal Steel: The government on Monday moved to cancel 10 coal blocks allocated to 18 companies, including Adani Power, Jindal Steel and Power, Rungta Mines and a joint venture between the Tatas and South African firm Sasol, acting on the recommendations of an inter-ministerial group (IMG).

GlaxoSmithKline Pharmaceuticals Ltd: The Britain-based GlaxoSmithKline Plc's voluntary open offer to the shareholders of its Indian subsidiary GlaxoSmithKline Pharmaceuticals ( GSK Pharma) is scheduled to start on Tuesday. The global healthcare major plans to invest Rs 6,390 crore to raise its stake in its Indian subsidiary to 75 per cent from the existing 50.67 per cent.

SBI: The State Bank of India (SBI) has decided to lend up to Rs 10,000 crore to six telecom companies that won airwaves in the bandwidth auction concluded last week, but will limit its exposure by taking assets as security for any loan, officials with the bank said on condition of anonymity.
Stocks in Ban Period:
NIL
Source:**economictimes.com , nseindia.com

Nifty Weekly for 05th - 8th November 2013

After a long wait of more than 5 years, finally the market have registered an all time high of 21321.53 by sensex but nifty is yet to break 6357. Both Sensex and Nifty were in correction mode for more than 2 years now, which finally seems to have ended this year. Hopefully now we are ready for the next move forward for a minimum target of Sensex 24434 and Nifty 7355, provided Sensex stays above 18827 and Nifty above 5648. The journey upwards will definitely be challenging for the bulls but more importantly the upwards journey seems to have begun at last. Sensex has completed a Bullish Saucer formation starting from November 2010 to October 2013, even as the Nifty is on the verge of completing this Bullish Pattern.  The target is around 24434 for the Sensex and 7355 for the Nifty and on the higher side Sensex 26554 and Nifty 8000. The target is likely to be achieved in the next 18 months.
On a cautionary note, the bulls need to maintain and stay above Sensex 18519 and Nifty 5471 for the long term Uptrend to continue. In case the above levels are breached, then the long trend will be reversed and then the Sensex will move lower to the support zone around 15135 and Nifty 4531. The Muhurat trading session too saw indices adding minor gains. Nifty is trading near our target/resistance level of 6350-6360. One more push higher from current levels would position the momentum readings in overbought territory and hence fresh longs could be fraught with unfavourable risk reward ratio. Traders are advised to continue with their existing long positions and tighten their risk management part. The major support for Nifty is placed around 6200 and then 6070. The intraday supports in Nifty are placed around 6272 and 6235, whereas resistances are seen around 6360 and 6420.