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Monday, February 13, 2012

Tata Steel, HPCL, Jubilant Foodworks, Tulip Telecom


Tata Steel, HPCL, Jubilant Foodworks, Tulip Telecom

VA Tech Wabag - Outperform


VA Tech Wabag - Outperform

NIIT Technologies


NIIT Technologies

Tech Mahindra Ltd


Tech Mahindra Ltd

DLF Ltd


DLF Ltd

Power Grid Corporation


Power Grid Corporation

IRB Infrastructure Developers


IRB Infrastructure Developers

Reliance Communications


Reliance Communications

BPCL, India Equity Strategy, DLF, Fortis Healthcare, Shriram Transport finance, Sun TV, Reliance Communications


BPCL, India Equity Strategy, DLF, Fortis Healthcare, Shriram Transport finance, Sun TV, Reliance Communications

BSE Bulk Deals to Watch - Feb 13 2012


Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
13/2/2012 524412 Aarey Drugs VIJAY BABULAL SHAH S 28043 17.15
13/2/2012 511706 Action Fin ESHA KEDIA B 50515 43.24
13/2/2012 531678 Anand Credit SANJAY MALHOTRA S 37000 3.07
13/2/2012 533758 APL Apollo Tubes ASHOK KUMAR GUPTA B 500000 148.00
13/2/2012 533758 APL Apollo Tubes APL INFRASTRUCTURE PRIVATE LIMITED S 500000 148.00

NSE Bulk Deals to Watch - Feb 13 2012


Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
13-FEB-2012,BIRLACORPN,Birla Jute & Industries,SBI MUTUAL FUND AC A MASTER,BUY,870965,279.50,-
13-FEB-2012,CEATLTD,CEAT Limited,TRANSGLOBAL SECURITIES LTD.,BUY,186737,93.53,-
13-FEB-2012,IFCI,IFCI Ltd.,ADROIT SHARE & STOCK BROKER PVT. LTD.,BUY,4589509,39.96,-
13-FEB-2012,IFCI,IFCI Ltd.,AMBIT SECURITIES BROKING PVT. LTD.,BUY,5113280,40.07,-
13-FEB-2012,LOVABLE,Lovable Lingerie Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,84454,418.98,-

Volatile session ends flat


The Indian markets closed a volatile session on a flat note. The Sensex up 24 points and the Nifty up 9 points
Headlines for the day
SBI Q3 consolidated net profit at Rs4318.08 crore
Coal India Q3 consolidated net profit surges by 54%
Motherson Sumi Q3 net loss at Rs24.72 crore
SAIL Q3 net profit at Rs632 crore

Nifty February 2012 futures at premium


Turnover declines

Nifty February 2012 futures were at 5415, at a premium of 24.80 points over spot closing of 5390.20. Turnover on NSE's futures & options (F&O) segment declined to Rs 113571.71 crore from Rs 137068.99 crore on Friday, 10 February 2012.

State Bank of India (SBI) February 2012 futures were at 2131.05, at a premium compared to spot closing of 2125.

Tata Motors February 2012 futures were at 259.50, near spot closing of 258.95

Market ekes out small gains


Key benchmark indices eked out small gains as world stocks rose after the Greek government over the weekend approved unpopular austerity measures needed to secure a second bailout. The barometer index, BSE Sensex, rose 24.15 points or 0.14%, off 76.80 points from the day's high and up 106.95 points from the day's low. The market breadth was positive. Nine of 13 sectoral indices on BSE logged gains. Index heavyweight Reliance Industries (RIL) edged higher on reports that the company has signed a pact with France's Dassault Aviation for partnering in the defence and homeland security sector in India.

The Sensex has jumped 579.29 points or 3.36% in February 2012 so far. The barometer index has surged 2317.92 points or 14.99% in calendar 2012 so far. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,636.98 points or 17.42%. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2,038.30 points or 10.28%.

GSPL


GSPL

Grey Market Premium - HUDCO, PFC, IRFC


Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Kostak

(Rs. 1 Lac

Application)

Kostak

(Rs. 5 Lac

Application)

PFC (Bond)

1000

23 to 24 (Buyer)

--

--

Hudco

1000

2.50 to 3 (Seller)

--

--

IRFC

1000

17 to 19 (Buyer)

--

--


Daily News Roundup - Feb 13 2012


A consortium of 7 to 8 banks, including IOB, Union Bank of India and PNB, have an exposure to Century and its associate companies to the tune of Rs17-18bn of this Rs6-7bn has turned bad. (BS)

PowerGrid Corporation would raise Rs30bn through private placement of bonds before the end of March. (BS)

Global Offshore might sell 40% stake in its upcoming vessel to the Norwegian shipyard which is building it. (BS)

The Orissa Steel and Mines Department has asked SAIL to stop mining activities immediately at Bolani mines following the expiry of forest clearance on February 11. (BS)

Sensex slips on IIP data...Nifty holds 5350


Yet another late recovery enabled the NSE Nifty to close above 5350 but it was unable to pull back above the psychological 5400 mark. After opening flat, markets stayed in a narrow range for a couple of hours. But a disappointing IIP reading for December dragged the frontline stocks down. A weak performance by Asian and European markets also dampened the mood partially.

The upswing in the last hour came on the back of strength in index heavyweights like Tata Steel, Bajaj Auto, Sesa Goa, HCL Tech and Wipro.

The BSE Sensex ended at 17,749, down 82 points from the last close. It earlier touched a day's high of 17,890 and hit day's low of 17,627.

Caution sets in


"Deliberate with caution, but act with decision; and yield with graciousness, or oppose with firmness." - Charles Hole.

While the Indian stocks managed to inch higher last week, their US counterparts notched first weekly decline of 2012. Friday was Wall Street’s worst day year-to-date. European markets were also down on Friday and for the week.

Barring China, most Asian markets are holding in the positive terrain. The opening here is likely to be a cautious one despite Greek parliament ratifying the austerity measures demanded by Eurozone finance ministers.

Market may open flat to slightly higher


Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 7 points at the opening bell. State Bank of India, Cipla, Reliance Power, Indian Oil Corporation, Coal India, Sun Pharmaceuticals Industries and Steel Authority of India (Sail) unveil Q3 results today, 13 February 2012.

Reliance Industries (RIL) after market hours on Friday, 10 February 2012 said that one of the crude trains at Jamnagar complex has been shut down on 10 February 2012 for undertaking planned maintenance and inspection activities. This opportunity is being taken for replacement of catalyst and implementation of productivity improvement measures in some of the secondary processing units. The shutdown is expected to be completed in the first week of March, 2012. Rest of the Jamnagar complex continues to operate as normal, RIL said.

Bullions register modest weekly losses


Delays on Greece's second bailout reduce their appeal

Bullion metal prices ended lower on Friday, 10 February 2012 at Comex. Both gold and silver prices fell as US dollar headed up rose. Delays on Greece's second bailout dented overall sentiment in the market thereby reducing the appeal of precious metals. The drop in prices also came as China's trade surplus for January widened more than expected because of a sharp decrease in imports.

Gold for April delivery ended lower by $15.9 or 0.9%, to end at $1,725.3 an ounce on the Comex division of the New York Mercantile Exchange on Friday. For the week, gold lost 0.9%.

Crude drops for first time in four sessions


Prices slip as IEA cuts its global oil demand forecast

Crude prices ended lower on Friday, 10 February 2012 at Nymex. Prices ended lower for first time in four sessions as the dollar headed up and International Energy Agency cut its 2012 estimate for global oil demand.

Light and sweet crude for March delivery fell $1.17 (1.2%) to $98.67 a barrel on the New York Mercantile Exchange on Friday. Prices rose 0.8% for the week. Prices fell 0.4% for the month of January.

SGX Nifty Live Update - Feb 13 2012


5394.50 +17.50 (+0.33%)

Reliance Infrastructure


Reliance Infrastructure

Yes Bank


Yes Bank

Power Grid, Ambuja Cements


Power Grid, Ambuja Cements

ONGC, Bharti Airtel, Cadila Healthcare, Dena Bank


ONGC, Bharti Airtel, Cadila Healthcare, Dena Bank

Mahindra and Mahindra, Opto Circuits


Mahindra and Mahindra, Opto Circuits

PFC, Marico, Prakash Industries, IDFC


PFC, Marico, Prakash Industries, IDFC

Reliance Communications Ltd


Reliance Communications Ltd

Kotak Mahindra Bank


Kotak Mahindra Bank

Brigade Enterprises


Brigade Enterprises

Dish TV Ltd


Dish TV Ltd

Weekly Market Strategy


Weekly Market Strategy

Bull or Bear Poll Results


BULL OR BEAR?

Bull 22 (57%)

Bear 16 (42%)

Weekly Market Report - Feb 12 2012


Weekly Market Report - Feb 12 2012

RBI reiterates need for fiscal discipline to boost growth


Fiscal consolidation is key to boosting India's GDP growth and containing inflation, Subir Gokarn, the deputy governor of the Reserve Bank of India (RBI) Dr. Subir Gokarn said on Monday. "We can’t discount the importance of fiscal consolidation contributing to growth. It is not that growth first and then we get fiscal consolidation. They are interrelated," Dr. Gokarn said in New Delhi today. He said that reining in fiscal deficit was doable. India's fiscal deficit during April to December 2011 touched 92.3% of the Government's estimate for the full fiscal year, reinforcing growing fears that the March-end figure will be much higher than the annual projection. The shortfall in the Government's budget stood at Rs. 3.81 trillion, the Controller General of Accounts (CGA) said on its website today. The fiscal deficit was 44.9% of the annual goal in the first nine months of FY11. In February 2011, the Government had budgeted a fiscal deficit of 4.6% of GDP for the fiscal year 2011-12, but many economists see the deficit overshooting by a wide margin due to slowing growth and increased spending. Finance Minister Pranab Mukherjee has himself said that cutting the budget deficit in FY12 will be a serious challenge. Slowing economic growth has hurt tax receipts even as subsidies ballooned and the Government struggled to sell stakes in state-run companies in a falling market. The RBI Governor, Dr. D. Subbarao had also urged the Government to put a cap on the public debt as it would hurt growth. Gokarn today also stressed on the need for raising the productivity of protein-based food items which had witnessed a sharp increase in the recent times. "Drivers of food inflation are really supply demand imbalance. There has been a shift of demand towards protein-based items. We ought to raise the productivity of protein items", he said at an Investor Conference. In its policy statement of January 24, the RBI Governor took a small step towards loosening the monetary policy by cutting the cash reserve ratio (CRR) by 50 basis points to 5.5%. However, he kept the repo rate, at which the RBI lends to banks, unchanged at 8.5%. The reduction in the CRR freed up an additional Rs. 320bn for circulation and thereby eased pressure on the upward movement in bank interest rates. The RBI's latest policy statement lowered the central bank's GDP growth forecast for FY12 to 7% from 7.6%.