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Wednesday, June 30, 2010

Daily Market Outlook - July 1 2010

Daily Market Outlook - July 1 2010

Daily Derivative Strategy - July 1 2010

Daily Derivative Strategy - July 1 2010

Daily Technical - July 1 2010

Daily Technical - July 1 2010

Technical Watch - July 1 2010

Technical Watch - July 1 2010

Macro Economics - June 30 2010

Macro Economics - June 30 2010

Oil and Gas - June 30 2010

Oil and Gas - June 30 2010

India Autos and India Consumer

India Autos and India Consumer

India Strategy, Bharti Airtel, Banks

India Strategy, Bharti Airtel, Banks

100 Billion Dollar Club

100 Billion Dollar Club

BSE Bulk Deals to Watch - June 30 2010

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
30/6/2010 530901 ACIL Cot Inds RAMESH MOHOD B 100000 33.45
30/6/2010 500215 Agro Tech Foods WALL STREET CAPITAL MARKETS PVT LTD B 175000 285.00

NSE Bulk Deals to Watch - June 30 2010

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-JUN-2010,AMARJOTHI,Amarjothi Spinning Mills,BP FINTRADE PRIVATE LIMITED,BUY,66150,56.95,-
30-JUN-2010,AMARJOTHI,Amarjothi Spinning Mills,PUSHPA SUBHASH CHANDWANI,BUY,185092,56.45,-
30-JUN-2010,ATFL,Agro Tech Foods Limited,LAKSHMI NATH MEHROTRA,BUY,175000,285.00,-

Delight for D-Street, distress for peers

Major news for the month:

Q4 gross domestic product comes at 8.6%

India’s exports surge 36.2% in April

Index of industrial production for April at 17.6%

Inflation rises to 10.16% in May

Government okays de-control of fuel prices

Media shares in limelight as Trai recommends 74% FDI in broadcast carriage services

The key benchmark indices jumped amid high volatility as European banks sought a smaller amount of central bank loans at a three-month tender auction on Wednesday than markets had anticipated. The news helped ease liquidity-related fears about the health of euro zone financial sector. Index heavyweight Reliance Industries (RIL) gained. Media shares jumped after the Telecom Regulatory Authority of India (Trai) recommended increasing foreign investment (FDI) limit to 74% in broadcast carriage services viz. DTH, IPTV, Mobile TV, HITS (Headend in the Sky), Teleport and multi-system operators (MSOs).

Daily Grey Market Premiums - June 30 2010

Company Name

Offer Price




Parabolic Drugs Ltd.



Aster Silicates Ltd.

112 to 118

8 to 9

Technofab Engineering

230 to 240

12 to 12.50

Market may extend Tuesday's losses on weak global cues

The market may extend Tuesday's 1.35% losses on weak global stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could slide 52.50 points at the opening bell.

Technicals - shift in momentum

Technicals - shift in momentum

Reliance Communications, Biocon

Reliance Communications, Biocon

SGX Nifty Live Update - June 30 2010

5,219.00 -49.50

Gap-down opening seen on weak global cues

Headlines for the day:

Diesel prices will also be freed, says PM

RCF plans $1.5-billion fertiliser plant in Ghana

Tata asks govt to delay 3G-spectrum allocation

Daily News Roundup - June 30 2010

State Bank of India fixed its base rate at 7.5%. (ET)

JSW Steel is planning to invest Rs750bn in both brownfield and greenfield projects to increase its capacity over fourfold to 32mtpa from the present 7.8mtpa by the turn of 2020. (ET)

JSW Steel may take another six months before Japan’s second-largest steel company, JFE Holdings, buys a stake in it. (BS)

Bharti Airtel said it will invest US$100mn over the next three years to expand in Gabon. (ET)

ONGC and its partners will sign contracts for half of 34 oil and gas blocks awarded in the latest round of auction under the NELP. (ET)

ONGC board is expected to consider a fresh cost estimate for development of the G1-GS15 marginal gas field in KG basin by April 2011, exactly five years behind the original schedule. (BL)

ICRA has upgraded the long-term rating on outstanding Rs45.9bn long-term bonds programme of Indian Oil Corporation from LAA+ and ‘positive outlook’ to LAAA. (FE)

Reliance Communications is likely to acquire privately-held cable television company Digicable in a cashless deal. (ET)

Ashok Leyland has increased prices of its medium and heavy duty vehicles by about 3% with immediate effect. (FE)

Pantaloon Retail has allotted 10mn warrants to its promoters' group company, Future Ideas Realtors India Ltd. (FE)

Cadila Healthcare (Zydus Cadila) has launched generic version of Anastrazole tablets (1 mg) in the US market upon receiving an approval from the US FDA. (BL)

Maytas Infrastructure has reported a net loss of Rs2.5bn FY10, compared with a net loss of Rs4.7bn last year. Its net revenues declined 33.2% to Rs11bn from Rs16.4bn in the previous year. (BS)

Tata Teleservices, which has won 3G spectrum licences in nine circles, has written to the government asking it to delay the allocations until the issue on usage of Chinese equipment is cleared. (BS)

Union Bank of India said it has raised Rs5bn as capital by way of debt. (ET)

Apollo Tyres would increase prices of its products next week. (FE)

Subros has picked up a minority stake in a new 74:26 joint venture with Japan’s Denso. (ET)

Alembic has decided to hive off its core pharma division into a new entity - Alembic Pharma. (ET)

RCF has proposed to invest US$1.5bn to set up a gas-based fertiliser plant with a capacity of 1mn tons in natural gas-rich Ghana. (BS)

AstraZeneca Pharma and Sulzer have sought to delist their Indian subsidiaries. (ET)

City Union Bank has received board approval to raise up to Rs3bn via QIP. (ET)

REI Agro’s Rs12.5bn rights issue will open for subscription for shareholders from Wednesday. (FE)

Aqua Logistics board has approved a proposal to raise funds to the extent of US$70mn. (FE)

Spice Mobiles said it would merge with the parent company Spice Televentures as part of a plan to consolidate the group's telecom businesses. (FE)

Uflex will invest over US$250mn in the next two years to enhance output at its manufacturing plants and set up new units. (FE)

Nasscom will make a pitch to the government, seeking continuity of tax benefits on special economic zones (SEZs) in the Direct Taxes Code (DTC). (ET)

The government has extended the special duty on import of soda ash from China. (ET)

The Petroleum and Natural Gas Regulatory Board (PNGRB) issued licence rules for companies laying gas pipelines. (FE)

The Union finance ministry has agreed to states’ demand that tobacco be kept within the ambit of Goods and Services Tax (GST) and alcohol outside it. (BS)

SEBI on Tuesday said that FIIs will now have to disclose information on Indian securities lent by them to overseas entities (for the purpose of short selling) on a weekly rather than a daily basis. (BL)

World goes for a toss…Sensex tumbles over 200 pts

History repeats itself, they say. That adage has been true for the Indian stock market for quite some time now, with the key indices failing to break out of the current range after coming close to a break out. Today was no different, just when the bulls thought they could breach 5400 and head further up came the bolt from China.

Payback panic!

We are more disturbed by a calamity which threatens us than by one which has befallen us. - JL Spalding

Global jitters are back to haunt us just when the Indian indices were hoping to surpass previous intermediate highs. Barring double-digit inflation, the Indian economy remains on firm footing. But then we remain at the mercy of the world.

Prime Focus

We recommend a buy in the stock of Prime Focus from a short-term perspective. It is evident from the charts of the stock that its short-term downtrend which started from its April 2010 peak of Rs 365, found support around Rs 260 in late May. This downtrend retraced exactly 61 per cent fibonacci retracement of its prior uptrend (from Rs 191 to Rs 360). Subsequently, the stock resumed it medium-term uptrend that is in place since the February 2010 low of Rs 191. On Tuesday, the stock advanced 5 per cent conclusively breaching through its key resistance and 50-day moving average poised around Rs 285. The volume was above average. Both daily and weekly relative strength indices have entered into the bullish zone. Moreover, the daily moving average convergence divergence indicator is on the brink of entering this positive territory, whereas the weekly indicator is featuring in the positive territory. Our short-term forecast on the stock is bullish. We anticipate the stock to rally further until it hits our price targets of Rs 314 or Rs 320. Short-term traders can buy the stock with stop-loss at Rs 288.

via BL

Annual Report - Shriram Transport Finance - 2009-2010




Your Directors have pleasure in presenting their Thirty First Annual Report
and the Audited Statements of Accounts for the year ended March 31, 2010.

Annual Report - Orbit Corporation - 2009-2010




Dear Shareholders,

We are privileged to place before you the 10th Annual Report of your
Company together with the Corporate Governance Report', Management
Discussion and Analysis' & Audited Financial Accounts' for the Financial
Year (FY) ended 31st March, 2010.

Annual Report - JK Lakshmi Cement - 2009-2010





The Directors have pleasure in presenting the 70th Annual Report together
with the Audited Accounts of the Company for the year ended 31st March

Annual Report - HDFC - 2009-2010





Your directors are pleased to present the Thirty-third Annual Report of your
Corporation with the audited accounts for the year ended March 31, 2010.

Annual Report - Crompton Greaves - 2009-2010





Your Directors are pleased to present their Seventy Third Annual Report on
the business and operations of the Company and the accounts for the
financial year ended 31 March 2010.

Annual Report - Kotak Mahindra Bank - 2009-2010




The Members of

The Directors present their Twenty Fifth Annual Report together with the
audited accounts of your Bank for the year ended 31st March, 2010.

Aurobindo Pharma - rerating on the cards ?

Aurobindo Pharma - rerating on the cards ?

India Insurance - danda padgaya

India Insurance - danda padgaya

Adhunik Metaliks - good upside

Adhunik Metaliks - good upside

Mixed day for precious metals

Gold shines but silver turns pale

Yellow metal prices ended modestly higher on Tuesday, 29 June 2010 at Comex. Prices rose during mid session hours despite a strong dollar as US stocks plummeted following a worse than expected consumer confidence data. But silver prices slipped.

Crude sinks

Weak economic data pressures prices

Crude oil prices ended substantially lower on Tuesday, 29 June 2010 at Nymex. Prices fell considerably due to weak global economic data, mainly at China and US front. The same questioned the demand for crude in coming months. Stern dollar also pushed crude prices lower.