Elder Pharma

Elder Pharma

New F&O Stocks

Sr No	Symbol	Security Name
1	ABGSHIP	ABG SHIPYARD LTD
2	AKRUTI	AKRUTI CITY LIMITED
3	ASIANPAINT	ASIAN PAINTS LIMITED
4	BALAJITELE	BALAJI TELEFILMS LIMITED.
5	CONCOR	CONTAINER CORP OF IND LTD
6	COREPROTEC	CORE PROJ. & TECH. LTD.
7	DCHL	DECCAN CHRONICLE HOLD LTD
8	DISHTV	DISH TV INDIA LTD.
9	EVERONN	EVERONN SYSTEMS IND. LTD
10	FSL	FIRSTSOURCE SOLU. LTD.
11	GSPL	GUJARAT STATE PETRO LTD
12	GTLINFRA	GTL INFRA.LTD
13	GVKPIL	GVK POW. & INFRA LTD.
14	HCL-INSYS	HCL INFOSYSTEMS LTD
15	IBREALEST	INDIABULLS REAL EST. LTD
16	ICSA	ICSA (INDIA) LIMITED
17	KLGSYSTEL	KLG SYSTEL LTD.
18	KSOILS	K S OILS LIMITED
19	MIC	MIC ELECTRONICS LIMITED
20	MINDTREE	MINDTREE LIMITED
21	MLL	MERCATOR LINES LIMITED
22	MONNETISPA	MONNET ISPAT LTD
23	MRF	MRF LTD
24	NBVENTURES	NAVA BHARAT VENTURES LIMI
25	NOIDATOLL	NOIDA TOLL BRIDGE CO LTD
26	OPTOCIRCUI	OPTO CIRCUITS (I) LTD.
27	ORBITCORP	ORBIT CORP. LTD.
28	PRISMCEM	PRISM CEMENTS LTD
29	PTC	PTC INDIA LIMITED
30	RIIL	RELIANCE INDUSTRIAL INFRASTRUCTU LTD
31	SINTEX	SINTEX INDUSTRIES LTD
32	SREINTFIN	SREI INFRASTRUCTURE FINAN
33	THERMAX	THERMAX LTD
34	TORNTPOWER	TORRENT POWER LTD
35	TV-18	TV18 INDIA LIMITED
36	UCOBANK	UCO BANK
37	UTVSOF	UTV SOFT. COMM. LTD.
38	VOLTAMP	VOLTAMP TRANSFORMERS LTD
39	WALCHANNAG	WALCHANDNAGAR INDUSTRIES

Eveninger - Aug 12 2008

Eveninger - Aug 12 2008

BSE Bulk Deals to Watch - Aug 12 2008

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
12/8/2008 531223 ANJANI SYNTH NARENDRA VALLABHJI BAHUVA B 83723 49.44
12/8/2008 531223 ANJANI SYNTH NARENDRA VALLABHJI BAHUVA S 83723 50.10
12/8/2008 530355 ASIAN OILFIE VSB INVESTMENTS PVT LTD B 300000 150.00
12/8/2008 530355 ASIAN OILFIE DECENT FIN SER P LTD B 200000 150.00
12/8/2008 530355 ASIAN OILFIE CONSOLIDATED SECURITIES LTD S 186448 150.00
12/8/2008 590059 BIHAR TUBES KINSFOLK INDUSTRIES PVT LTD B 40000 166.44
12/8/2008 531682 CAT TECHNOL PARSHURAM SHIVAJI CHAUDHARI B 231889 7.34
12/8/2008 531682 CAT TECHNOL PARSHURAM SHIVAJI CHAUDHARI S 250822 7.35
12/8/2008 532980 GOKUL REFOIL CRESTA FUND LTD B 672000 222.10
12/8/2008 532980 GOKUL REFOIL PACIFIC CORPORATE SERVICES LIMITED S 656606 222.10
12/8/2008 530885 JAISAL SECUR PALANICHAMY A S 18000 40.10
12/8/2008 526209 K S OILS LTD MORGAN STANLEY MAURITIUS COMPANY LTD B 2000000 60.00
12/8/2008 530165 KANCHA INTER PRAMODA H SHAH B 25000 6.50
12/8/2008 530165 KANCHA INTER VISHAL H SHAH S 20000 6.50
12/8/2008 526115 KARAN WOOSIN PRAMODA H SHAH B 158000 3.00
12/8/2008 526115 KARAN WOOSIN VISHAL H SHAH S 79000 3.00
12/8/2008 526115 KARAN WOOSIN HARSHAD N SHAH HUF S 79000 3.00
12/8/2008 502933 KATARE SPG. DIVYA STOCK BROKING LTD B 38700 24.32
12/8/2008 502933 KATARE SPG. KRISHNAGOPAL MOTILAL CHANDAK S 14000 24.42
12/8/2008 532906 MAN ALUMIN THE BANK OF NEWYORK GDR S 37399 30.18
12/8/2008 533010 OCTAV INVES MANSUKH SECURITIES FINANCE LIMITED B 33163 87.14
12/8/2008 533010 OCTAV INVES YUVAK SHARE TRADING PVT LTD B 28631 87.50
12/8/2008 533010 OCTAV INVES MANSUKH SECURITIES FINANCE LIMITED S 33163 87.90
12/8/2008 533010 OCTAV INVES HDFC PREMIER MULTICAP S 25689 82.99
12/8/2008 533010 OCTAV INVES HITESH SHASHIKANT JHAVERI S 57773 90.05
12/8/2008 533010 OCTAV INVES YUVAK SHARE TRADING PVT LTD S 33097 88.81
12/8/2008 590077 RANKLIN SOLU RAVI BHAGWANDAS PANCHAL B 50000 169.26
12/8/2008 526407 RIT PRO IND GIRISHBHAI CHANDULAL SANGHVI B 53008 111.53
12/8/2008 526407 RIT PRO IND SHREE ATAM VALLABH POLY PLSTI S 55000 112.42
12/8/2008 526407 RIT PRO IND GIRISHBHAI CHANDULAL SANGHVI S 53008 111.44
12/8/2008 532886 SEL MANUF MARWADI SHARES AND FINANCE LIMITED B 166610 400.39
12/8/2008 532886 SEL MANUF SPJSTOCK B 160704 409.32
12/8/2008 532886 SEL MANUF B K SHAH CO B 174258 403.82
12/8/2008 532886 SEL MANUF MARWADI SHARES AND FINANCE LIMITED S 166610 400.21
12/8/2008 532886 SEL MANUF SPJSTOCK S 160704 406.35
12/8/2008 532886 SEL MANUF B K SHAH CO S 174263 403.08
12/8/2008 513530 STELCO STRIP INDEX SECURITIES AND RESEARCH PV B 138074 20.00
12/8/2008 533011 VISHAL INFO MANSUKH STOCK BROKERS LIMITED B 114697 195.25
12/8/2008 533011 VISHAL INFO MEENAL NITISH THAKUR B 76491 200.88
12/8/2008 533011 VISHAL INFO YUVAK SHARE TRADING PVT LTD B 64585 200.10
12/8/2008 533011 VISHAL INFO MANSUKH STOCK BROKERS LIMITED S 114697 194.50
12/8/2008 533011 VISHAL INFO MEENAL NITISH THAKUR S 76491 198.14
12/8/2008 533011 VISHAL INFO YUVAK SHARE TRADING PVT LTD S 66585 199.20

NSE Bulk Deals to Watch - Aug 12 2008

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
12-AUG-2008,APTECHT,Aptech Limited,MANSUKH SECURITIES & FINANCE LTD,BUY,239662,234.71,-
12-AUG-2008,CERA,Cera Sanitaryware Limited,DEEPLOK BUILDERS PRIVATE LIMITED,BUY,35000,129.83,-
12-AUG-2008,CUBEXTUB,CUBEX TUBINGS LTD,SANJAY MANAHAR VAZIRANI,BUY,60000,56.48,-
12-AUG-2008,GWALCHEM,Gwalior Chemical Industri,MBL & COMPANY LTD.,BUY,126354,122.22,-
12-AUG-2008,LPDC,Landmark Property Develop,PRASHANT JAYANTILAL PATEL,BUY,851306,36.85,-
12-AUG-2008,LPDC,Landmark Property Develop,TRANSGLOBAL SECURITIES LTD.,BUY,1416717,36.32,-
12-AUG-2008,NAGARFERT,Nagarjuna Fert & Chem,CLEAN FINANCE & INVESTMENT LTD,BUY,4335085,43.32,-
12-AUG-2008,NAGARFERT,Nagarjuna Fert & Chem,PACE FINANCIAL SERVICES,BUY,2189740,43.28,-
12-AUG-2008,OCTAV,Octav Investments Limited,ADROIT FINANCIAL SERVICES PVT LTD,BUY,22535,93.41,-
12-AUG-2008,OCTAV,Octav Investments Limited,CPR CAPITAL SERVICES LTD.,BUY,22286,88.08,-
12-AUG-2008,OCTAV,Octav Investments Limited,LPC SECURITIES LTD,BUY,17499,91.95,-
12-AUG-2008,OCTAV,Octav Investments Limited,MANSUKH SECURITIES & FINANCE LTD,BUY,50357,88.31,-
12-AUG-2008,OCTAV,Octav Investments Limited,MBL & COMPANY LTD.,BUY,25345,88.48,-
12-AUG-2008,OCTAV,Octav Investments Limited,PRAGATI PAPER MILLS LTD,BUY,31303,90.68,-
12-AUG-2008,OCTAV,Octav Investments Limited,PRASHANT JAYANTILAL PATEL,BUY,21971,93.55,-
12-AUG-2008,OCTAV,Octav Investments Limited,R.M. SHARE TRADING PVT LTD,BUY,28197,89.81,-
12-AUG-2008,OCTAV,Octav Investments Limited,TRANSGLOBAL SECURITIES LTD.,BUY,33684,87.73,-
12-AUG-2008,OCTAV,Octav Investments Limited,YUVAK SHARE TRADING PVT LTD,BUY,55459,88.17,-
12-AUG-2008,SELMCL,SEL Manufacturing Company,AMBIT SECURITIES BROKING PVT. LTD.,BUY,94528,407.36,-
12-AUG-2008,SELMCL,SEL Manufacturing Company,B K SHAH CO KETAN BHAILAL SHAH,BUY,175179,405.32,-
12-AUG-2008,SELMCL,SEL Manufacturing Company,DINESH MUNJAL,BUY,77638,405.53,-
12-AUG-2008,SELMCL,SEL Manufacturing Company,HARBUX SINGH SIDHU,BUY,111711,406.97,-
12-AUG-2008,SELMCL,SEL Manufacturing Company,MARWADI SHARES AND FINANCE LIMITED,BUY,193970,402.67,-
12-AUG-2008,VITLINFO,Vishal Information Techno,ARJUN MATTA,BUY,57649,197.12,-
12-AUG-2008,VITLINFO,Vishal Information Techno,ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD,BUY,127769,201.29,-
12-AUG-2008,VITLINFO,Vishal Information Techno,AVANI AMITBHAI KORADIA,BUY,60000,199.33,-
12-AUG-2008,VITLINFO,Vishal Information Techno,CHOKHANI SECURITIES LTD,BUY,188233,197.34,-
12-AUG-2008,VITLINFO,Vishal Information Techno,CPR CAPITAL SERVICES LTD.,BUY,62349,196.69,-
12-AUG-2008,VITLINFO,Vishal Information Techno,G RAMAKRISHNA,BUY,100000,196.55,-
12-AUG-2008,VITLINFO,Vishal Information Techno,HARBUX SINGH SIDHU,BUY,59482,197.94,-
12-AUG-2008,VITLINFO,Vishal Information Techno,HOTEL LIBRARY CLUB P LTD,BUY,57877,201.13,-
12-AUG-2008,VITLINFO,Vishal Information Techno,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,BUY,132086,198.33,-
12-AUG-2008,VITLINFO,Vishal Information Techno,MANIPUT INVESTMENTS PVT LTD,BUY,86879,199.46,-
12-AUG-2008,VITLINFO,Vishal Information Techno,MANSUKH SECURITIES & FINANCE LTD,BUY,124625,195.17,-
12-AUG-2008,VITLINFO,Vishal Information Techno,NEPTUNE FINCOT PVT LTD,BUY,81942,202.49,-
12-AUG-2008,VITLINFO,Vishal Information Techno,PRASHANT JAYANTILAL PATEL,BUY,495380,201.47,-
12-AUG-2008,VITLINFO,Vishal Information Techno,SMC GLOBAL SECURITIES LTD.,BUY,143352,196.25,-
12-AUG-2008,VITLINFO,Vishal Information Techno,SUMITA SAXENA,BUY,92447,198.32,-
12-AUG-2008,VITLINFO,Vishal Information Techno,TRANSGLOBAL SECURITIES LTD.,BUY,216645,198.14,-
12-AUG-2008,VITLINFO,Vishal Information Techno,VAIBHAV DOSHI,BUY,61827,197.03,-
12-AUG-2008,VITLINFO,Vishal Information Techno,YUVAK SHARE TRADING PVT LTD,BUY,103934,199.27,-
12-AUG-2008,APTECHT,Aptech Limited,MANSUKH SECURITIES & FINANCE LTD,SELL,240951,234.61,-
12-AUG-2008,CERA,Cera Sanitaryware Limited,DEUTSCHE INTERNATIONAL TRUST CORP.(MAURITIUS)LTD A/C MINIVET,SELL,35000,129.81,-
12-AUG-2008,CUBEXTUB,CUBEX TUBINGS LTD,HIMANSHU ASHAR,SELL,45000,56.50,-
12-AUG-2008,GWALCHEM,Gwalior Chemical Industri,MBL & COMPANY LTD.,SELL,126254,122.38,-
12-AUG-2008,LPDC,Landmark Property Develop,PRASHANT JAYANTILAL PATEL,SELL,851306,35.52,-
12-AUG-2008,LPDC,Landmark Property Develop,TRANSGLOBAL SECURITIES LTD.,SELL,1416717,36.24,-
12-AUG-2008,MANALU,Man Aluminium Limited,THE BANK OF NEWYORK - GDR,SELL,59367,30.21,-
12-AUG-2008,NAGARFERT,Nagarjuna Fert & Chem,CLEAN FINANCE & INVESTMENT LTD,SELL,4335085,43.35,-
12-AUG-2008,NAGARFERT,Nagarjuna Fert & Chem,PACE FINANCIAL SERVICES,SELL,2172240,43.19,-
12-AUG-2008,OCTAV,Octav Investments Limited,ADROIT FINANCIAL SERVICES PVT LTD,SELL,22535,93.37,-
12-AUG-2008,OCTAV,Octav Investments Limited,ANOOP KUMAR JAIN,SELL,15300,96.85,-
12-AUG-2008,OCTAV,Octav Investments Limited,CPR CAPITAL SERVICES LTD.,SELL,22286,88.23,-
12-AUG-2008,OCTAV,Octav Investments Limited,FIDELITY,SELL,152583,92.10,-
12-AUG-2008,OCTAV,Octav Investments Limited,HDFC,SELL,31160,81.89,-
12-AUG-2008,OCTAV,Octav Investments Limited,LPC SECURITIES LTD,SELL,17499,92.39,-
12-AUG-2008,OCTAV,Octav Investments Limited,MANSUKH SECURITIES & FINANCE LTD,SELL,48361,87.69,-
12-AUG-2008,OCTAV,Octav Investments Limited,MBL & COMPANY LTD.,SELL,25345,88.61,-
12-AUG-2008,OCTAV,Octav Investments Limited,NAMAN SECURITIES & FINANCE PVT LTD,SELL,21489,95.18,-
12-AUG-2008,OCTAV,Octav Investments Limited,PRAGATI PAPER MILLS LTD,SELL,31303,91.26,-
12-AUG-2008,OCTAV,Octav Investments Limited,PRASHANT JAYANTILAL PATEL,SELL,21971,94.44,-
12-AUG-2008,OCTAV,Octav Investments Limited,R.M. SHARE TRADING PVT LTD,SELL,28197,89.85,-
12-AUG-2008,OCTAV,Octav Investments Limited,TRANSGLOBAL SECURITIES LTD.,SELL,33684,88.14,-
12-AUG-2008,OCTAV,Octav Investments Limited,YUVAK SHARE TRADING PVT LTD,SELL,56979,88.04,-
12-AUG-2008,SELMCL,SEL Manufacturing Company,AMBIT SECURITIES BROKING PVT. LTD.,SELL,94726,408.22,-
12-AUG-2008,SELMCL,SEL Manufacturing Company,B K SHAH CO KETAN BHAILAL SHAH,SELL,175204,405.07,-
12-AUG-2008,SELMCL,SEL Manufacturing Company,DINESH MUNJAL,SELL,77638,405.74,-
12-AUG-2008,SELMCL,SEL Manufacturing Company,HARBUX SINGH SIDHU,SELL,111711,408.18,-
12-AUG-2008,SELMCL,SEL Manufacturing Company,MARWADI SHARES AND FINANCE LIMITED,SELL,193970,402.39,-
12-AUG-2008,SUBEX,Subex Limited,ICICI PRUDENTIAL MUTUAL FUND,SELL,400000,84.44,-
12-AUG-2008,VITLINFO,Vishal Information Techno,ARJUN MATTA,SELL,57649,195.71,-
12-AUG-2008,VITLINFO,Vishal Information Techno,ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD,SELL,127769,201.36,-
12-AUG-2008,VITLINFO,Vishal Information Techno,AVANI AMITBHAI KORADIA,SELL,60000,195.80,-
12-AUG-2008,VITLINFO,Vishal Information Techno,CHOKHANI SECURITIES LTD,SELL,188233,197.88,-
12-AUG-2008,VITLINFO,Vishal Information Techno,CPR CAPITAL SERVICES LTD.,SELL,62349,196.92,-
12-AUG-2008,VITLINFO,Vishal Information Techno,G RAMAKRISHNA,SELL,100000,196.44,-
12-AUG-2008,VITLINFO,Vishal Information Techno,HARBUX SINGH SIDHU,SELL,69482,197.71,-
12-AUG-2008,VITLINFO,Vishal Information Techno,HOTEL LIBRARY CLUB P LTD,SELL,57877,201.32,-
12-AUG-2008,VITLINFO,Vishal Information Techno,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,SELL,132086,199.34,-
12-AUG-2008,VITLINFO,Vishal Information Techno,MANIPUT INVESTMENTS PVT LTD,SELL,86879,199.75,-
12-AUG-2008,VITLINFO,Vishal Information Techno,MANSUKH SECURITIES & FINANCE LTD,SELL,124625,196.00,-
12-AUG-2008,VITLINFO,Vishal Information Techno,NEPTUNE FINCOT PVT LTD,SELL,81942,202.90,-
12-AUG-2008,VITLINFO,Vishal Information Techno,PRASHANT JAYANTILAL PATEL,SELL,495380,200.18,-
12-AUG-2008,VITLINFO,Vishal Information Techno,SMC GLOBAL SECURITIES LTD.,SELL,143352,196.43,-
12-AUG-2008,VITLINFO,Vishal Information Techno,SUMITA SAXENA,SELL,92447,198.57,-
12-AUG-2008,VITLINFO,Vishal Information Techno,TRANSGLOBAL SECURITIES LTD.,SELL,216645,198.47,-
12-AUG-2008,VITLINFO,Vishal Information Techno,VAIBHAV DOSHI,SELL,66827,198.91,-
12-AUG-2008,VITLINFO,Vishal Information Techno,YUVAK SHARE TRADING PVT LTD,SELL,110958,198.24,-

Post Session Commentary - Aug 12 2008

The domestic market at last broke its winning trend to close the session with heavy losses on sustained selling pressures due to disappointing IIP numbers that were down at 5.4% YoY and negative cues from European and Asian markets. Market opened today on positive note tracking favorable cues from US markets and sharp drop in crude oil prices. Crude oil dropped below $113 a barrel and finally settled at $114.45 per barrel on the New York Mercantile Exchange. Market slipped soon after start to trade in negative territory and extend its losses on IIP numbers. Further, downward trend was continued till the end of session to close in red. From the sectoral front, Metal and Bank stocks closed with deep cut of more than 3%. Along with this, heavy sell off was seen in Reality, IT, Capital Goods and Pharma stocks. However, Consumer FMCG and Oil & Gas stocks were able to gain favor from the market as most of the buying was seen from these baskets. The market breadth was negative as 1100 stocks closed in green while 1556 stocks closed in red and 73 stocks remained unchanged.

June IIP numbers were down at 5.4% (YoY) as against 8.9% of the same period of previous year, but it was above the previous month''s upwardly revised 4.1%. India''s infrastructure sector output grew by 3.4% in June 2008 from a year earlier, slightly below 3.5% annual growth in May 2008.

The BSE Sensex closed lower by 291.79 points at 15,212.13 and NSE Nifty ended down by 68.25 points at 4,552.25. The BSE Mid Caps and Small Caps closed with losses of 47.15 points and 50.93 points at 5,935.53 and 7,220.42 respectively. The BSE Sensex touched intraday high of 15,579.38 and intraday low of 15,124.91.

Lossers from the BSE are Tata Steel (5.71%), Maruti Suzuki (5.23%), JP Associates (4.58%), Sterlite Indus (4.46%), ICICI Bank Ltd (4.20%), HDFC (4.03%), Infosys Tech (3.98%), Tata Power (3.68%) and HDFC Bank Ltd (3.42%).

The BSE Metal index dropped by 475.51 points to close at 12,660.73. As Tata Steel (5.71%), Jindal Steel (5.11%), Sterlite Indus (4.46%), JSW SL (3.61%), Ispat Indus (2.49%) and Hindustan Zinc (2.36%) closed in negative territory.

The BSE Bank index closed down by 265.08 points at 7,437.27. Lossers are IDBI Bank Ltd (5.68%), Axis Bank (5.03%), SBI (4.65%), ICICI Bank Ltd (4.20%), Bank of Baroda (3.98%), Bank of India (3.96%) and PNB (3.54%).

The BSE Reality index ended lower by 113.88 points at 5,685.49. Major lossers are Pheonix Mill (5.42%), Penland Ltd (5.09%), Housing Development (4.25%), Mahindra Indiabull Real (3.68%), Unitech Ltd (2.99%) and Parsvnath (2.16%).

The BSE IT index ended down by 110.09 points at 3,771.98. As Infosys Tech (3.98%), Moser Bayer (2.47%), Mphasis Ltd (2.33%), Wipro Ltd (2.06%), I-flex L (2.01%) and Tech Mahindra (2.00%) closed in negative territory.

The BSE Capital Goods index closed lower by 106.16 points at 12,740.29. Lossers are Jyoti Struct (4.80%), Walchand In (3.01%), Elecon Eng C (2.89%), Crompton Greaves (2.75%), Everest Kanto (2.72%) and Suzlon Energy (2.08%).

The BSE FMCG index gained 15.22 points to close at 2,222.15. Major Gainers are United Spr (1.60%), REI Agro Ltd (1.42%), ITC Ltd (1.19%), Tata Tea Ltd (0.63%) and Ruchi Soya (0.61%).

The BSE IT index closed down by 3.79 points at 3,882.07. Major lossers are Mphasis Ltd (2.40%), Patni Computer (1.37%), TCS Ltd (1.06%), Infosys Tech (0.58%) and Rolta India (0.12%).

Sensex cools, drops 292 points

The Sensex witnessed the awaited correction today, as meltdown in major global indices turned the domestic market upside down. After rallying for the past few sessions, the Sensex lost 292 points on sustained selling in heavyweights, metal and banking stocks. The market began on a positive note at 15,577 and touched the day's high of 15,580 (only two points higher than the opening), but remained range-bound as trading progressed. After slipping below 15,300 level in noon trades, the Sensex plunged towards the close on unabated selling in metal, banking and information technology stocks, touching the day's low of 15,125. The Sensex signed off the session with a loss of 1.88% or 292 points at 15,223. The Nifty tumbled by 1.51% or 68 points to close at 4,552.

The market breadth was extremely weak. Of the 2,728 stocks traded on the BSE, 1,558 stocks declined, 1,094 stocks advanced and 76 stocks ended unchanged. All the 13 sectoral indices were hammered today. BSE Metal Index led the slump and crashed by 3.62% at 12,661. BSE Bankex was down 3.44% at 7,437, BSE IT Index lost 2.84% at 3,772 and the BSE Teck Index dropped 2.44% at 3,028. Other sectoral indices slipped by around 0.75-2% each. However, BSE Oil & Gas Index and BSE FMCG Index ended with steady gains.

Out of 30 Sensex stocks, 25 stocks ended lower, with metal and banking stocks taking a strong beating. Among the metal stocks, Tata Steel plummeted by 5.71% at Rs607.95 and Jindal Steel crashed by 5.11% at Rs1,993.60. Banking majors IDBI slumped 5.68% at Rs88 and Axis Bank lost nearly 5.03% at Rs721.55. Index heavyweight Maruti Suzuki India plunged 4.58% at Rs678.05, JP Associates shed 4.46% at Rs188.55, Sterlite Industries declined by 4.46% at Rs597.05, ICICI Bank slipped by 4.20% at Rs738.40 and HDFC fell by 4.03% at Rs2,466.60.

Over 2.53 crore shares of Landmark Property changed hands on the BSE followed by Reliance Natural Resources (1.70 crore shares), Chambal Fertilisers (1.60 crore shares), Nagarjuna Fertilisers (1.20 crore shares) and Kashyaap Technologies (91.77 lakh shares).

ICICI Bank, Infosys lead 292-points Sensex fall

Key benchmark indices ended sharply lower led by heavy selling in metal, banking and IT shares. The market witnessed a bout of volatility in the last one hour of trade. European markets, which were trading sharply lower in early trade, pared losses after the Kremlin said Russian President Dmitry Medvedev had ordered an end to the military operation in Georgia.

India's industrial output rose 5.4% in June 2008 from a year earlier, above the previous month's upwardly revised 4.1%, data released by the government today, 12 August 2008, afternoon showed. Manufacturing production rose 5.9% in June 2008 from a year earlier

The BSE 30-share Sensex fell 291.79 points or 1.88% to 15,212.13. At the day’s low of 15,124.91, the Sensex lost 379.01 in afternoon trade. The index rose 75.86 points at day’s high of 15,579.78 at the onset of trading session.

The S&P CNX Nifty fell 68.15 points or 1.47% to 4552.25. Nifty August 2008 futures were at 4570.50, a premium of 18.25 points as compared to spot closing.

As per provisional data released by the stock exchanges after trading hours, foreign funds today, 12 August 2008, sold shares worth a net Rs 687.19 crore. Domestic funds sold shares worth a net Rs 7.65 crore.

The BSE Mid-Cap index was down 0.79% to 5,935.53 and the BSE Small-Cap index was down 0.70% to 7,220.42.

The market breadth was weak on BSE with 1100 shares advancing as compared to 1556 that declined. 73 shares remained unchanged.

BSE clocked a turnover of Rs 5761 crore as against Rs 5,497.23 crore on Monday, 11 August 2008. NSE’s futures & options turnover amounted to Rs 52461.81 crore as compared to Rs 39699.28 crore Monday, 11 August 2008.

The market had surged in the past few days. From a recent low of 14577.87 on 4 August 2008, the BSE Sensex rose 926.05 points or 6.35% to 15,503.92 on Monday, 11 August 2008. The barometer index Sensex is down 5074.86 points or 25.01% in the calendar year 2008 so far from its close of 20,286.99 on 31 December 2007. It is 5994.64 points or 28.26% away from its all-time high of 21,206.77 struck on 10 January 2008.

Maruti Suzuki (down 5.23% at Rs 678.05), Jaiprakash Associates (down 4.58% at Rs 188.55), HDFC (down 4.03% at Rs 2466.60), and Tata Power (down 3.68% at Rs 1037.25), were the major losers from the Sensex pack.

India’s largest private sector firm by market capitalisation and oil refiner Reliance Industries rose 0.70% at Rs 2342.25.

Metal shares declined sharply. Tata Steel (down 5.71% at Rs 607.95), Jindal Steel & Power (down 5.11% at Rs 1993.60), Sterlite Industries (down 4.46% at Rs 597.05), and Steel Authority of India (down 2.18% at Rs 143.70), slipped. The BSE Metal index underperformed the Sensex, falling 3.62% at 12,660.73.

Banking shares tumbled. India’s largest private sector bank by market capitlisation fell 4.20% at Rs 738.20. Axis Bank (down 5.03% at Rs 721.55), HDFC Bank (down 3.42% at Rs 1263.90), and State Bank of India (down 2.20% at Rs 1557.55), fell. The BSE Bankex index underperformed the Sensex, falling 3.44% at 7,437.27.

IT shares declined. India's second largest software exporter by sales Infosys Technologies fell 3.98% at Rs 1603.70. Wipro (down 2.06% at Rs 433.30), TCS (down 1.85% at Rs 818.20), and Satyam Computer (down 1.90% at Rs 402.75), slipped. The BSE IT index underperformed the Sensex, falling 2.84% to 3,771.98.

FMCG shares bucked weak market trend. GlaxoSmithkline Consumer Healthcare (up 1.70% at Rs 650), United Spirits (up 1.60% at Rs 1369.20), REI Agro (up 1.42% at Rs 1107), ITC (up 1.19% at Rs 195.50), and Hindustan Unilever (up 0.60% at Rs 242.95), moved up. The BSE FMCG index outperformed the Sensex, rising 0.69% to 2,222.15.

Biotechnology firm Biocon rose 5.18% to Rs 403.05 after the company said its board has fixed 12 September 2008 as the record date for issue of bonus shares in the ratio of 1:1.

Plumping systems maker Astral Poly Technik surged 13.91% to Rs 177.30 after the company said it has formed a joint venture company with a Kenyan firm in which Astral will hold 26% stake.

Lifestyle retail chain operator Trent surged 10% to Rs 545.85 after the company said its subsidiary Trent Hypermarket has entered into a franchise agreement with Tesco Plc of UK to drive its Star Bazaar hypermarket business. Tesco is one of the world's leading international retailers.

Drug maker Panacea Biotech spurted 1.63% at Rs 308.85 on reports the company bagged a $35-million drug supply order from UNICEF to supply pentavalent vaccines, the first Indian company to get such a contract. Pentavalent combines four vaccines - Diptheria, Tetanus, Pertussis, Hepatatis B and HIB (whopping cough).

Reliance Industries clocked a highest turnover of Rs 296.48 crore on BSE. Reliance Capital (Rs 252.33 crore), Infosys Technologies (Rs 185.83 crore), Reliance Natural Resources (Rs 176.16 crore), and Larsen & Toubro (Rs 166.59 crore), were the other turnover toppers on BSE in that order.

Landmark Property reported a highest volume of 2.53 crore shares on BSE. Reliance Natural Resources (1.70 crore shares), Chambal Fertiliser & Chemicals (1.60 crore shares), Nagarjuna Fertiliser & Chemical (1.20 crore shares), Kashyap Technologies (93.12 lakh shares), were the other volume toppers on BSE in that order.

In Europe, key benchmark indices in UK, Germany and France were up 0.04% to 0.25%. Asian indices were trading lower. Key benchmark indices in China, Japan, South Korea, Hong Kong, Singapore and Taiwan were down by between 0.25% to 1%.

US stocks rose on Monday, 11 August 2008, as oil prices closed lower for a sixth day, improving prospects for consumer and business spending. The Dow Jones industrial average rose 48.03 points, or 0.41%, to 11,782.35 on Monday, 11 August 2008. The Standard & Poor's 500 Index gained 9.00 points, or 0.69%, to 1,305.32. The Nasdaq Composite Index jumped 25.85 points, or 1.07%, to 2,439.95.

The Indian government on Monday, 11 August 2008, approved 10 road projects to be build with the help of private firms at a cost of Rs 10507 crore. The projects, spread over eight states, are part a plan to significantly improve infrastructure in the country.

The board of market regulator Securities & Exchange Board of India will review the regulatory framework governing participatory notes (PNs), at its meeting on Wednesday, 13 August 2008.

Market may remain volatile

Market may resume on a weak note on the back of weak Asian indices in the early trades and positive US markets in overnight trades. However, optimism in the market likely to persist on strong bullish sentiment and the market may turn positive in the afternoon trades. Among the local indices, the Nifty could face resistance around 4650 and has a likely support at 4580.The Sensex on the downside may slip to 15350 and may face resistance at 15600.

US indices cut their gains Monday afternoon, but the broader market remained in positive territory as lower oil prices reassured investors for the second session in a row. While the Dow Jones gained 48 points at 11782, the Nasdaq gained 26 points to close at 2440.

Most of the Indian ADRs posted gains on the US bourses on Tuesday. Rediff led the pack with the gains of 5.56%, while Satyam surged 2.50%. Wipro, ICICI Bank, HDFC Bank, MTNL, Tata Motors and Dr Reddy gained over 0.20-2% each. However, Patni Computer fell over 0.89% and Infosys lost 0.43%.

Crude oil prices eased further, with the Nymex light crude oil slipping by 75 cents at $114.45 per barrel. In the metals segment, the Comex gold for June series slumped $36.50 to settle at $828.30 an ounce.

Daily Call - Aug 12 2008

The first Indian individual gold at the Olympics gave the nation a reason to cheer after a long time , specially after those bundles of notes in the Parliament had made us hang our heads in shame though the perpetrators of the crime, who bribed, still roam with an invincible air.



The markets did well to hold on to its opening gains. The appointment of independent directors to the Oil India board also helped the sentiment and the Indices, as ONGC and GAIL climbed higher on expectation that the unlisted oil major would see its IPO in October. The open interest addition in stock futures in the August series so far is the highest since January this year, which indicates that the rally is attracting serious interest. This also makes the markets vulnerable to any serious negative triggers, as unwinding positions could hurt. Keep stop losses and don't lower them. The gap created by the Sensex between 15367 and 15228 could act as support. The IIP numbers will decide which way we move.

Megasoft

Megasoft

Pre Session Commentary - Aug 12 2008

The Indian Market is expected to have positive opening due to the further drop in crude oil along with positive closing of the US markets. The Indian markets on Monday ended the day with smart gains and showed bull run throughout of trading session on sustained buying over the ground. Domestic market opened on strong note tracking favorable cues from the global markets along with steep drop in crude oil prices. Market gained further ground and continued to extend its gains till the end of session. Favorable cues from European market also boosted the positive attitude of investors. Both NSE Nifty and BSE Sensex ended with gains of more than 2%. NSE Nifty ended above 4,600 mark and BSE Sensex crossed 15,500 level. Rate sensitive stocks, infrastructure and oil stocks had played key role in the rally. From the sectoral front, Reality stocks registered gains of more than 5% followed by Oil & Gas, Bank, Metal and Auto stocks, who also contributed in significant buying. However, Consumer Durables and IT stocks remained out of favor as most of the selling was seen from these baskets. The BSE Sensex closed higher by 336.10 points at 15,503.92 and NSE Nifty ended up by 90.90 points at 4,620.40. The BSE Mid Caps and Small Caps closed with gains of 95.71 points and 89.61 points at 5,982.68 and 7,271.35 respectively. We expect that market may trade volatile during the trading session as the investors will be eyeing on the IIP figures which will be released today.

The government will release June 2008 industrial production data on 12 August 2008. Industrial production grew at the slowest pace in more than six years in May 2008, at 3.8%, as against 10.6% in the same month of 2007.

On Monday the US market closed with gains with strength in financials and retailers. Oil prices ran up and down and touched at a new three month low after dropping below $113 a barrel marks. Finally it settled at $114.45 per barrel on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed higher by 48.03 points at 11,782.35 along with NASDAQ closed up by 25.85 points at 2,439.95 and S&P 500 index closed at 1,305.32 up by 9.00 points.

Indian ADRs ended mixed. In technology sector, Satyam ended higher by (2.50%) along with Wipro by (1.83%) while Patni Computers dropped by (0.89%) followed by Infosys by (0.43%). In banking sector, ICICI bank and HDFC bank gained (1.51%) and (0.98%) respectively. In telecommunication sector, Tata Communication and MTNL ended up by (1.47%) and (0.96%). Sterlite industries decreased by (6.02%).

Today the major stock markets in Asia are trading negative despite Wall Street extended the previous week''s gains. Japan’s Nikkei is trading down by 95.04 points at 13,335.87 along with Hang Seng trading lower by 37.06 points at 21,822.28, Taiwan Weighted trading at 7,290.56 down by 35.06 points, Strait Times index trading lower by 11.90 points at 2,813.49 and Seoul Composite is trading down by 7.02 points at 1,574.07.

The FIIs on Monday stood as net suyer both in equity and debt. The gross equity purchased was Rs2,074.90 Crore and the gross debt purchased was Rs194.30 Crore while the gross equity sold stood at Rs1,995.80 Crore and gross debt sold stood at Rs96.80 Crore. Therefore, the net investment of equity reported was Rs79.80 Crore and net debt was Rs97.50 Crore.

The Indian rupee erased all gains and ended lower against the US dollar. The Indian currency ended at 42.16/17, down from 42.06/07 on Friday, as a large company bought dollars offsetting gains due to a rise in stocks and lower oil prices.

Today, Nifty has support at 4,532 and resistance at 4,688 and BSE Sensex has support at 15,192 and resistance at 15768.

June 2008 industrial production data to set direction

The market will today take direction from the industrial production data for June 2008. Cues from Asian markets were mixed. US stocks rose on Monday, 11 August 2008, as oil prices closed lower for a sixth day, improving prospects for consumer and business spending.

Oil prices fell on Monday as a drop in crude imports by No. 2 consumer China outweighed concerns over supply disruptions stemming from the conflict between Russia and Georgia. US crude settled down 75 cents at $114.45 a barrel, after touching a low of $112.72 a barrel.

The Dow Jones industrial average rose 48.03 points, or 0.41%, to 11,782.35 on Monday, 11 August 2008. The Standard & Poor's 500 Index gained 9.00 points, or 0.69%, to 1,305.32. The Nasdaq Composite Index jumped 25.85 points, or 1.07%, to 2,439.95.

Asian stocks were mixed on Tuesday, 12 August 2008. Key benchmark indices in China, Hong and Singapore were up by between 0.02% to 0.38%. Key benchmark indices in Japan, South Korea and Singapore were down by between 0.2% to 0.65%.

The June 2008 industrial production data is expected to hit the market at about 11:00 IST. Industrial production grew at the slowest pace in more than six years in May 2008, at 3.8%, as against 10.6% in the same month of 2007, with manufacturing showing signs of acute deceleration.

Meanwhile, a sharp fall in oil prices from last month’s record high above $147 a barrel has raised hopes for cooling inflation and easing of upward pressure on interest rates. Inflation hit a fresh 13-year high of 12.01% in the year through 26 July 2008. The Reserve Bank of India, at its quarterly policy review late month raised repo rate by 50 basis points to a seven-year high of 9% to curb inflation and dampen inflationary expectations. RBI also raised the cash reserve ratio (CRR), the proportion of funds that banks must keep on deposit with it, by 25 basis points to 9%.

State Bank of India, the country's top lender, will increase its prime lending rate by 100 basis points to an annual 13.75%, effective Tuesday, 12 August 2008, it said in a statement after trading hours on Monday, 11 August 2008.

From a low of 12,575.80 on 16 July 2008, the barometer index BSE Sensex rose 2,928.12 points or 23.28% to 15,503.92 on 11 August 2008, led by recovery in global markets triggered by a sharp fall in oil and commodity prices.

As per provisional data released by the stock exchanges, foreign funds on Monday, 11 August 2008, bought shares worth a net Rs 280.61 crore. Domestic funds bought shares worth a net Rs 505.30 crore.

Meanwhile, the government on Monday, 11 August 2008, approved 10 road projects to be build with the help of private firms at a cost of Rs 10507 crore. The projects, spread over eight states, are part a plan to significantly improve infrastructure in the country.

Today's Pick - TV18

We recommend a ‘buy’ in Television Eighteen India from a short-term horizon. From the charts of the stock we note that its intermediate-term downtrend, which began from the early January high of Rs 599 ended at the 52-week low of Rs 184 on 18 July. The area around Rs 200 is a strong support from a long-term perspective as well.

The stock has been on short-term uptrend from this trough. During the course of this rally, the stock has moved above the 21 and 50-day moving average lines. The momentum indicators in both the daily and the weekly chart are beginning to look up.

We are bullish on the stock in the short-term. We anticipate the stock’s up move to prolong until it hits our price target of Rs 280 in the forthcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 233.

Via BL

Trading Call - Indiainfoline

Buy India Infoline SL - Rs 146 Target - Rs 214

Trading Calls - Aug 12 2008

Nifty (4620) Sup 4550 Res 4655

Buy Rel Cap (1442) SL 1420
Target 1480, 1490

Buy M&M (590) SL 584
Target 602, 605

Buy BHEL (1830) 1805
Target 1870, 1880

Sell Cairn (234) SL 238
Target 226, 224

Sell NDTV (369) SL 374
Target 360, 358

Eye on IIP, ear on SEBI!

Don't miss all the beautiful colors of the rainbow looking for that pot of gold.”

We talked about triggers and aiming for the target at the right time. Well, the bulls did just that with the Sensex and the Nifty climbing another 2% each. A happy coincidence was when Mr. Abhinav Bindra did India proud by hitting the bull's eye (or was it opening the bull’s eye) at the Beijing Olympics in the 10-metre rifle shootout. His is the first ever individual gold medal in the Olympics for India. Hopefully, his feat will inspire many more Indians to attain sporting glory in the years to come.

Coming back to the markets, many games continue and investors may take heart that they are winning in some gains. The undertone has certainly changed for the better over the past few days thanks to the steep drop in oil prices, which are off quite a bit from the all-time high of $147 per barrel. This is the single biggest factor that has perked up global equity markets. The positive trend may persist for some time if crude oil remains subdued, or falls further. Then you will hear theories about how a drop in oil price means demand is slowing; followed by how the indices tend to fall when demand drops etc. For now enjoy the positives, which include the correction in industrial commodities and revival in monsoon.

Speaking of macro-economic factors, the Government will release the industrial production numbers for the month of June. According to most estimates, the data is expected to be better than expected. In May the IIP growth touched a six-year low of 3.8%. For June, expectations are of a 5-6% growth rate as against 8.9% in the same month last year. A good monsoon may help shore up demand for manufactured goods, though rising interest rates are a cause for worry.

Given the mixed set of global cues, we expect a cautious to a slightly positive opening. The trend may turn sideways ahead of the IIP data. The bulls are likely to extend their shopping spree if the numbers are indeed encouraging. On the flip side, a negative surprise may spook the sentiment. Although the trend will largely remain positive, we do not rule out some cooling after the recent spurt. Beware of the small-caps and mid-caps as these scrips tend to be highly volatile and less reliable.

FIIs were net buyers of Rs2.8bn (provisional) in the cash segment on Monday and the local funds pumped in Rs5.05bn. In the F&O segment, the foreign funds were net buyers of Rs8.16bn. On Friday, FIIs were net buyers of Rs791mn in the cash segment. Mutual funds were net sellers of Rs1.31bn.

SEBI Board is to meet on Wednesday, and among the items on agenda include a review of the policy on P-Notes. However, media reports suggest that any relaxation in the P-Note norms for the FIIs is unlikely.

Asian stocks are largely down this morning. The Nikkei in Tokyo was down 0.7% while the Hang Seng in Hong Kong was up 0.2%. Markets are also down in South Korea, Singapore, Shanghai and Taiwan.

The MSCI Asia Pacific Index lost 0.3% to 128.25 as of 10:43 a.m. in Tokyo, extending this year's decline to 19%.

Regional commodities producers declined, as gold tumbled to the lowest level since December and crude oil traded near a 14-week low. Copper too has touched a six-month low.

Newcrest Mining, Australia's largest gold producer, fell in Sydney and Sumitomo Metal Mining dropped in Japan. South Korea's Posco led steelmakers lower amid signs the Chinese market is weakening. Japanese steel producers received fewer orders.

Singapore Telecommunications Ltd., Southeast Asia's largest phone company, slumped the most in three months after first-quarter profit missed analyst estimates.

US stocks erased some of their gains to end modestly higher on Monday, as oil prices fell below $114 per barrel amid a renewed strength in the dollar.

After an opening drop and then a triple-digit rise, the Dow Jones Industrial Average rose 48 points, or 0.4%, to 11,782.35, its highest level since June 25. The S&P 500 index advanced 9 points, or 0.7%, to 1,305.32 after jumping 2.9% last week. The Nasdaq Composite Index gained 26 points, or 1.1%, to 2,439.95.

Market breadth was positive. Almost five stocks rose for every two that dropped on the New York Stock Exchange.

Small caps gained too, with the Russell 2000 index up 2.3%.

US stocks slipped early as oil prices rallied on worries about supply disruptions in energy-rich Central Asia, amid the military conflict between Russia and Georgia. But crude resumed last week's slide after Iran called for renewed nuclear talks and China reported a decline in crude imports.

The turnaround in oil prices helped stocks rebound. Oil prices then erased half of their losses late in the session, and the stock market followed suit. The stock advance also seemed to lose momentum after the Fed released a study that showed 75% of US banks have tightened lending standards on home mortgages and other loans.

The advance will be tested later this week, when the retail sales and consumer inflation reports are released. Tuesday brings readings on the June trade balance in the morning and the July Treasury budget in the afternoon. Swiss bank UBS reports its results on Tuesday.

US light crude oil for September delivery lost 75 cents to settle at $114.45 a barrel on the New York Mercantile Exchange. Retail gas prices dropped overnight, extending a downward trend for a 25th day, according to a survey of gas station credit-card activity.

In currency trading, the greenback rose versus the euro and slipped versus the yen, recovering from bigger morning losses. COMEX gold for October delivery fell $36.40 to settle at $824.30 an ounce. In the bond market, Treasury prices slumped, raising the yield on the benchmark 10-year note to 4% from 3.93%.

European shares climbed on Monday. The pan-European Dow Jones Stoxx 600 index rose 1.3% to 292.95. Germany's DAX 30 closed up 0.7% at 6,609.63, while the French CAC-40 advanced 0.8% to 4,527.80 and the UK's FTSE 100 gained 1% to 5,541.80.

In the emerging markets, the Bovespa in Brazil was down 3.3% at 54,720 while the IPC index in Mexico fell 0.7% at 26,943. The RTS index in Russia rose 1.2% to 1742 amid continued military hostilities with Georgia. The ISE National 30 in Turkey was up 2.4% at 51,472.

Indian markets started off the week in style with the NSE Nifty closing above the 4,600 and the BSE benchmark Sensex shutting shop above the15,500 level. Strong global cues coupled with a sharp fall in crude oil prices lifted the key indices to open with a positive gap.

Bears were unable to show up on the bourses as bulls dominated throughout the trading session again led by gains in the rate sensitive stocks like the banking, Realty and Auto stocks. Even the Mid-Cap and the Small-Cap stocks were und demand. Finally, the benchmark Sensex surged 336 points to close at 15,503 and Nifty was up 90 points to close at 4,620.

Shares of Spicejet surged by over 5% to Rs30.2 after the company announced a US$100mn cash infusion.

The shareholders RHSL, Istithmar, Ajay Singh and Goldman Sachs, as a bondholder of the Company have entered into definitive agreements with WL Ross & Co. LLC to inculcate approximately US$100mn in the company for its business requirements.

Furthermore, Goldman Sachs has agreed to subscribe to equity warrants of the company under the preferential issue guidelines of SEBI. The scrip touched an intra-day high of Rs31.4 and a low of Rs29 and recorded volumes of over 32,00,000 shares on BSE.

Shares of HEG Ltd rallied by over 10% to Rs264 after the board of directors of the company announced that they would meet on August 19, 2008 to consider buyback of equity share of the company. The scrip touched an intra-day high of Rs276 and a low of Rs239 and recorded volumes of over 2,00,000 shares on BSE.

SAAG RR Infra was locked at 5% upper circuit to Rs54.65 after the company announced that it received an order from ONGC for the hiring of operation and maintenance services for ONGC rigs "Sagar Shakti", "Sagar Jyoti" and "Sagar Kiran". The scrip touched an intra-day high of Rs54.65 and a low of Rs54.50 and recorded volumes of over 26,000 shares on BSE.

NTPC gained by 1% to Rs185 after the company along with PFC agreed to set up an exchange to trade power in Asia's third-largest economy. NHPC Ltd. and TCS will also form venture that will operate the exchange. The scrip touched an intra-day high of Rs187 and a low of Rs182 and recorded volumes of over 21,00,000 shares on BSE.

Debutant, Vishal Information Technologies Ltd. an IT-enabled service solution providing company got listed at Rs150 against the issue price of Rs150. The scrip finally ended at Rs194 translating into a premium of 29%. The scrip touched an intra-day high of Rs198 and a low of Rs125.

Bharat Forge gained by 3.5% to Rs275 after the company announced the commissioning of India's largest commercial open forging press at its Mundhwa facility in Pune.

The new facility which is a large 4000T open die press will produce ingots ranging up to 70 tons and will primarily cater to the Wind Energy, Oil & Gas, Steel, Power, Gear, Cement Ship building, Pressure Vessel, Petrochemical & Sugar Industry. Shafts for the Wind Energy & Power Generation sector, Well Heads & X-mas Tree parts for the Oil & Gas Industry and Pinion Shafts, Gear blanks etc. for the Capital Goods sector are some of the parts that will be manufactured at this new facility.

The scrip touched an intra-day high of Rs280 and a low of Rs266 and recorded volumes of over 1,00,000 shares on BSE.

Bank of Baroda surged by over 3.5% to Rs296 after the company announced that it decided to increase its Benchmark Prime Lending Rate by 75 bps from existing 13.25% p.a. to 14% p.a. with effect from August 11, 2008. The scrip touched an intra-day high of Rs298 and a low of Rs291 and recorded volumes of over 2,00,000 shares on BSE.

Shares of Hindustan Zinc slipped by 2.5% to Rs577 after the company announced that it reduced Zinc prices by Rs1,700/ton and cut Lead prices by Rs900/ton effective from August 09, 2008. The scrip touched an intra-day high of Rs600 and a low of Rs573 and recorded volumes of over 28,000 shares on BSE.

Godawari Power & Ispat advanced by 2.5% to Rs223 after the company announced that it signed a MoU with the government of Chhattisgarh for setting-up of manufacturing facilities under its expansion programme in the state of Chhattisgarh with proposed investment of Rs15.70bn. The scrip touched an intra-day high of Rs228 and a low of Rs217 and recorded volumes of over 1,00,000 shares on BSE.

SBI has raised its benchmark PLR 100bps to 13.75%. (BS)
The oil ministry has asked the Cabinet for a three year drilling holiday for firms like ONGC and Reliance Industries. (ET)
Tata Steel plans to double its borrowing capacity to part finance its future projects. (ET)
DoT has asked Idea Cellular to surrender one of the two-telecom licences it holds for the circles of Punjab and Karnataka. (ET)
Reliance Industries, Reliance Telecom, RCOM, Reliance Infratel, P&G, Gillette and NTPC have moved the Supreme Court against entry tax imposed by the Madhya Pradesh Government. (ET)
Ross and Goldman to invest US$100mn in SpiceJet. (BS)
Idea may take Rs3.5bn hit on Spice equity buy. (BL)
Oil India public offer likely in October. (BL)
The government to list four or five more of state-owned companies, which include Satluj Jal Vidyut Nigam Ltd, Manganese Ore India Ltd and Cochin Shipyard, by March next year. (BS)
Nalco proposes to set up an alumina refinery in Andhra Pradesh and an aluminium smelter and a captive power plant in Orissa, besides two smelter complexes abroad. (FE)
Nalco proposes to set up a 0.31mn tons smelter project in Iran with an investment of Rs40bn. (FE)
The West Bengal state government plans to exempt Tata Motor’s Nano from payment of road tax. (BS)
SAIL is interested in developing the Jharia coal mines in Jharkhand. (FE)
Dr Reddy’s Labs and Teva have settled a patent case involving the active pharmaceutical ingredient in GlaxoSmithKline’s heart drug Coreg. (FE)
KEC International to set up 400 telecom towers in rural areas. (BL)
Parsvnath Developers to open 10 retail stores this year and develop 21 commercial projects as part of its plan to foray into retail. (BS)
Godawari Power and Ispat will invest Rs15.7bn for setting up manufacturing facilities in Chhattisgarh. (ET)
Texmaco plans to transfer its heavy engineering division to a newly formed subsidiary in order to raise resources. (BS)
Austral Coke & Projects has acquired 95% stake in coking coal mines in Mozambique for US$500mn. (BS)
Gujarat NRE Coke will invest around Rs7bn in its plant in Andhra Pradesh over a period of three years. (BS)
Gujarat NRE Minerals Ltd, the Australian outfit of Gujarat NRE Coke, will raise US$50-100mn through a mixture of debt and equity to part finance its ongoing US$500mn. (BL)
HUL to raise prices of tea. (BS)
ICSA plans buyouts in US and SE Asia. (BS)
RCF plans to invest Rs5bn for debottlenecking its urea plant in Maharashtra. (ET)
Geometric Software is looking towards oil and gas and fashion industries to derisk its revenues. (ET)
Panacea Biotec is learnt to have bagged a US$35mn drug supply order from UNICEF to supply pentavalent vaccines. (ET)
D-link India has developed first ‘Made in India’ videophone, which requires only 128Kbps speed. (ET)
Aditya Birla Telecom’s plan to infuse foreign equity has run into trouble with the Foreign Investment Promotion Board. (ET)
Sagar Cements Ltd has allotted 1mn equity shares, totaling 6.67% of stake in the company, to Parficim SAS, a subsidiary of France-based Vicat SA. (BL)
Mundra Garments plans to set up premium lifestyle stores for men with an investment of Rs2.75bn from internal accruals. (ET)

Economy Front page

SBI has raised its benchmark PLR 100bps to 13.75%. (BS)
The oil ministry has asked the Cabinet for a three year drilling holiday for firms like ONGC and Reliance Industries. (ET)
Tata Steel plans to double its borrowing capacity to part finance its future projects. (ET)
DoT has asked Idea Cellular to surrender one of the two-telecom licences it holds for the circles of Punjab and Karnataka. (ET)
Reliance Industries, Reliance Telecom, RCOM, Reliance Infratel, P&G, Gillette and NTPC have moved the Supreme Court against entry tax imposed by the Madhya Pradesh Government. (ET)
Ross and Goldman to invest US$100mn in SpiceJet. (BS)
Idea may take Rs3.5bn hit on Spice equity buy. (BL)
Oil India public offer likely in October. (BL)
The government to list four or five more of state-owned companies, which include Satluj Jal Vidyut Nigam Ltd, Manganese Ore India Ltd and Cochin Shipyard, by March next year. (BS)
Nalco proposes to set up an alumina refinery in Andhra Pradesh and an aluminium smelter and a captive power plant in Orissa, besides two smelter complexes abroad. (FE)
Nalco proposes to set up a 0.31mn tons smelter project in Iran with an investment of Rs40bn. (FE)
The West Bengal state government plans to exempt Tata Motor’s Nano from payment of road tax. (BS)
SAIL is interested in developing the Jharia coal mines in Jharkhand. (FE)
Dr Reddy’s Labs and Teva have settled a patent case involving the active pharmaceutical ingredient in GlaxoSmithKline’s heart drug Coreg. (FE)
KEC International to set up 400 telecom towers in rural areas. (BL)
Parsvnath Developers to open 10 retail stores this year and develop 21 commercial projects as part of its plan to foray into retail. (BS)
Godawari Power and Ispat will invest Rs15.7bn for setting up manufacturing facilities in Chhattisgarh. (ET)
Texmaco plans to transfer its heavy engineering division to a newly formed subsidiary in order to raise resources. (BS)
Austral Coke & Projects has acquired 95% stake in coking coal mines in Mozambique for US$500mn. (BS)
Gujarat NRE Coke will invest around Rs7bn in its plant in Andhra Pradesh over a period of three years. (BS)
Gujarat NRE Minerals Ltd, the Australian outfit of Gujarat NRE Coke, will raise US$50-100mn through a mixture of debt and equity to part finance its ongoing US$500mn. (BL)
HUL to raise prices of tea. (BS)
ICSA plans buyouts in US and SE Asia. (BS)
RCF plans to invest Rs5bn for debottlenecking its urea plant in Maharashtra. (ET)
Geometric Software is looking towards oil and gas and fashion industries to derisk its revenues. (ET)
Panacea Biotec is learnt to have bagged a US$35mn drug supply order from UNICEF to supply pentavalent vaccines. (ET)
D-link India has developed first ‘Made in India’ videophone, which requires only 128Kbps speed. (ET)
Aditya Birla Telecom’s plan to infuse foreign equity has run into trouble with the Foreign Investment Promotion Board. (ET)
Sagar Cements Ltd has allotted 1mn equity shares, totaling 6.67% of stake in the company, to Parficim SAS, a subsidiary of France-based Vicat SA. (BL)
Mundra Garments plans to set up premium lifestyle stores for men with an investment of Rs2.75bn from internal accruals. (ET)

Morning Call - Aug 12 2008

Market Grape Wine :

In House :

Nifty at a support of 4580 and 4510 levels with resistance at 4650 and 4695 levels .

Buy : RELCAP above 1441 target 1475 s/l of 1425

Buy : Bharti above 845 target 855 s/l of 837

Buy : in F&O MoserBaer above 104 target 115 s/l of 99

Buy : RELINFRA in F&O above 1075 target 1135 s/l of 1050

Market to Range Bound .

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Out House:

Markets at a support of 15342 & 15215evels with resistance at 15643 & 15786 levels .

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Dark Horse : Core , Kotak , TataPower , Bharti , RelCap , SBIN , RIL , LNT , & Adlabs