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Thursday, June 10, 2010

Nifty June 2010 futures at premium

Turnover declines

Nifty June 2010 futures were at 5,090, at a premium of 11.40 points compared to the spot closing of 5078.60. Turnover in NSE's futures & options (F&O) segment was Rs 87,922.32, lower than Rs 93,058.52 crore on Wednesday, 9 June 2010.

Hindalco Industries June 2010 futures were at a slight premium at 139.60 compared to the spot closing of 139.

Tata Steel June 2010 futures were at a slight premium at 473.50 compared to the spot closing of 472.95.

State Bank of India June 2010 futures were at discount at 2323 compared to the spot closing of 2329.60.

In the cash market, the S&P CNX Nifty rose 78.30 points or 1.57% at 5,078.60.

Asian stocks rise amid upbeat data

Bearing China, most of the regional benchmarks add decent gains

The Asian stocks recorded decent gains today as strong economic data along with a modest retreat in the US dollar pepped up the sentiments. Positive trade data from China supported the sentiments, notwithstanding the weak closing in Wall Street in the overnight trades. The commodity prices were mostly higher. Markets also eyed an impressive undertone in the Dow futures, which gained more than 100 points in the electronic session, indicating that the US markets might record some smart gains at the open today. However, the dollar rose in the late trades as the central banking action in Europe drew closer.

HDFC, United Phosphorous

HDFC, United Phosphorous

Marico - robust, best pick !


KPIT Cummins - growth via various options

KPIT Cummins

Wipro - few near term challenges can impact


Dish TV - well positioned for growth

Dish TV

Markets up, autos and metals lead the show

Indian equities continued to rally for the second day on Thursday. The Sensex wrapped the day on a buoyant note on the back of strong European market. All sectoral indices were in green. Auto and metal stocks rallied followed by realty, teck, healthcare and power. Moreover, Japan`s GDP rose at an annualized 5% rate in the three months ended March 31 faster than the 4.9% reported last month. Further positively trading US index futures aided our markets to remain in green.

Sensex marches towards 17K

Today's major news

Larsen & Toubro bags Rs747-crore orders; the stock ends 1.76% higher

Food inflation rises to 16.74%

JSW Energy enters MoU with Osho, IOM; the stock closes 2.35% higher

BSE Bulk Deals to Watch - June 10 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
10/6/2010 532975 Aishwarya Tele APARNA NARAYAN S 115000 28.25
10/6/2010 532166 Alka Securities KAUSHIK S SHAH S 569461 4.09
10/6/2010 531179 Arman Fin Serv KIRITKUMAR VRAJRATAN PARIKH S 30000 27.95
10/6/2010 533163 Arss Infra Proj SMART EQUITY BROKERS PRIVATE LIMITED B 77695 1194.93

NSE Bulk Deals to Watch - June 10 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
10-JUN-2010,ARSSINFRA,ARSS Infra Proj. Ltd,MANIPUT INVESTMENTS PVT. LTD.,BUY,94015,1203.67,-
10-JUN-2010,AUSTRAL,Austral Coke & Projects L,SAAKSHI SHARES PVT.LTD.,BUY,3019678,7.37,-
10-JUN-2010,GLORY,Glory Polyfilms Limited,HANSABEN HASMUKHBHAI AMIN,BUY,399024,16.21,-
10-JUN-2010,INSECTICID,Insecticides (India) Limi,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,121275,182.16,-

Auto, telecom stocks lead 1.6% Sensex surge

A rebound in European stocks aided a rally on the domestic bourses, which extended gains for the second consecutive session. All the sectoral indices on BSE rose, with auto, metals and realty indices at the forefront of the rally. Telecom stocks also rose across the board. The BSE 30-share Sensex jumped 264.19 points or 1.59%.

US Markets give up gains

Cautionary statements from the Fed Chairman affect stocks

US stocks made a strong start earlier during the day on Wednesday, 09 June 2010 but cautionary statements from the Fed Chairman, Ben Bernanke led stocks run out of gas in the second half of trading. What was earlier viewed as a strong day for Wall Street, turned out to another dull day as stocks. The dollar also remained weak today. Higher crude prices also failed to come to Wall Street's rescue.

Pan-India BWA bid at Rs12,257 crore

The pan-India bid license for broadband wireless access (BWA) spectrum touched Rs12,257 crore on Wednesday (June 09, 2010), after two weeks of auction, which translates into a revenue of Rs36,772 crore for the government from the sale of three slots.

Tech Watch - June 10 2010

Tech Watch - June 10 2010

Dollar - what's happening out there?

Dollar - what's happening out there?

Daily Market - June 10 2010

Daily Market - June 10 2010

Hungry, but no appetite!

You know my appetite is infinite and greed is more: FM Pranab Mukherjee

The Finance Minister's appetite is not for the stock market; his greed lies in looking beyond the set target for income tax collections this fiscal. Phase out of tax exemptions and widening of the tax base are on the agenda. The 3G revenues and likely stake sale in government companies could well help the government contain the fiscal deficit.

Crude rises on weak dollar

Prices rise due to drop in crude stockpiles and weak dollar

Crude oil prices ended substantially higher on Wednesday, 09 June 2010 at Nymex. Prices rose due to the weak dollar and unexpected drop in crude inventories for last week.

Grey Market Premiums continue to be stagnant

Company Name

Offer Price




Standard Chartered PLC



Fatpipe Networks India Ltd.

80 to 85

1.5 to 2

Market may continue to gain, Reliance Industries may enter telecom space

The key benchmark indices may extend Wednesday (9 June 2010)'s gains tracking higher Asian stocks. Trading in S&P CNX Nifty index futures on the Singapore stock exchange indicated that the Nifty could rise 3 points at the opening bell. The government will unveil data on some wholesale price indices for the year through 29 May 2010 viz. the food price index, the primary articles index and the fuel price index at about 12:00 IST today.

Bullion metals turn pale

Prices drop as Chinese data show more exports

Bullion metal prices ended lower on Wednesday, 09 June 2010 at Comex. Prices fell following reports that exports from China were much more than expected in May 2010. The stronger euro also took a toll on precious metal's health.

Daily News Roundup - June 10 2010

SBI plans to raise Rs200bn through a rights issue by the end of the fiscal year. (ET)

Reliance Industries is likely to enter the telecom space when the opportunity arises. (ET)

S&P lowers Bharti long-term corporate credit rating to BB+ from BBB-. (BS)

Nifty ends at psychological 5000 mark

It was yet another day where we danced to the global tune. After a two day decline, the Indian markets managed to end with modest gains on Wednesday amid highly volatile trading session. Markets started off with a slight positive bias and went on to surge hitting day’s high. The early upswing was on account of overnight gains in the US and a smart bounce back in the Hang Seng index in Hong Kong.

"Sentiment however took a hit and the benchmark indices tumbled from day’s high in afternoon session as market players reacted sharply to a fall in European shares", says Amar Ambani Vice President Research IIFL.

Gap-up opening seen; Oil & gas stocks eyed

Headlines for the day:

Edelweiss, Lanco lead race for Axis' PE arm

Essar Energy makes it to FTSE 100 Index

HC clears Dabur, Fem Care merger

Fortis Healthcare - another fundraising

Fortis Healthcare

Daily Market Outlook - June 10 2010

Daily Market Outlook - June 10 2010

Mahindra and Mahindra - acquisition moves strengthening

Mahindra and Mahindra

Annual report - DCB - 2009-2010




The year 2009 was one of the most difficult years in living memory for most
economies of the world. India, however, continued to remain robust
recording the second highest rate of growth after China. Cautious monetary
management in India helped steer the banking system away from the excesses
witnessed elsewhere and though credit off-take weakened, the system
remained in good shape.

Jubilant Foodworks, Hindalco, Sadbhav Engineering

Jubilant Foodworks, Hindalco, Sadbhav Engineering

Jagran Prakashan - acquisition spree ?

Jagran Prakashan

Nahar Industrial Enterprises

We recommend a ‘buy' in Nahar Industrial Enterprises from a short-term trading perspective. The stock is in a medium-term downtrend since the January peak of Rs 88.7. As this downtrend is already five months old, it could be close to termination. The stock is currently poised at key support zone between Rs 55 and Rs 60 that occurs close to 38.2 per cent retracement of its up-move from the March 2009 low.

That the stock rebounded 5 per cent from this zone on Wednesday implies a positive short-term bias. The 14-day relative strength index reversed higher on Wednesday and is trying to move away from the bearish zone. The 10-day rate of change oscillator moved above the zero line in the last session.

However, as the medium-term trend continues to be down, this call is meant only for those traders who have a greater penchant for risk. The stock can be bought with the stop-loss at Rs 57. Short-term targets for the stock are Rs 62 and then Rs 65

via BL

Hero Honda - riding strong, Shoppers Stop - consumer growth powers on

Hero Honda, Shoppers Stop

Educomp Solutions Limited - the leader in education

Educomp Solutions Limited

SGX Nifty Live Update - June 10 2010

5,012.00 +4.00