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Showing posts from December, 2013

TOP CORPORATE NEWS-1 january

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Adani Power’s Mundra plant sets a record in power generation

Adani Power Ltd announced that its state-of the- art 4620 MW plant at Mundra has set a record by attaining the highest generation of 4,644 MW, making it the only power station of such a gigantic size to reach a significant milestone in electricity production.

Berkshire Hathaway invests $1.4B in pipeline-related company

Warren Buffett's Berkshire Hathaway Inc has signed a deal to buy a Phillips 66 business for around $1.4 billion of stock.

HDIL, Ravi Group to form JV for Era Veulta Phase I in Mumbai

HDIL & Ravi Group has announced the launch of one of the most exclusive projects of Mumbai, Era Veulta Phase I on Malad-Kandivali Link road. The project which is scheduled for completion in December 2015 blends the ideal harmony between one’s lifestyle and standard of living.

Mindtree announces stock transfer by Chairman for estate planning purposes

Mindtree announced that Chairman Subroto Bagchi has gifted one-third of his s…

INDIAN EQUITY MARKET OUTLOOK-1 january

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INDIAN BENCHMARKS are likely to start 2014 on a flat note on account of subdued global cues. India's fiscal deficit touched 94% to Rs. 5.1 trillion during April-November period against Rs 5.42 trillion projected in budget estimates.

FURTHER, State Bank of India has got shareholders' approval for raising up to Rs 11,500 crore by way of Qualified Institutional Placement or public offer. Morgan Stanley picked up 1.67 crore shares of Coal India Ltd for Rs 485 crore through open market route.


Trend in FII flows: The FIIs were net buyers of Rs. 309cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 279cr, as per the provisional figures released by the NSE.
Equity tipsstock cash callsagri commodityagri commodity tips

TOP FIVE ROCKING PERFORMANCE OF THE DAY-31 DECEMBER

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TOP FIVE ROCKING PERFORMANCE OF THE DAY


CS CALL: BUY IDFC FUTURE ABOVE 109.30 TGT 109.70, 110.20, 110.80 SL 108.30.
TARGET ACHIEVED: 3
CS CALL: BUY CENTURY TEXTILE FUTURE ABOVE 307.50 TGT 309, 311, 313.50 SL 303
TARGET ACHIEVED: 3
CS CALL: BUY CESC FUTURE ABOVE 463 TGT 464.50, 466.50, 469 SL 45
TARGET ACHIEVED: 3
CS CALL: BUY FINANCIAL TECH ABOVE 188.50 TGT 189.50, 191, 193 SL 186.50
TARGET ACHIEVED: 3
CS CALL: SELL ELDER PHARMA BELOW 234 TGT 233, 231.50, 229.50 SL 236.50
TARGET ACHIEVED: 3

INDIAN EQUITY MARKET WRAP UP-31 DECEMBER

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INDIAN BENCHMARKS ended flat, the last trading day of 2013 with amid lacklustre participation from institutional investors. ONGC Videsh Ltd, completed acquisition of an additional 12% stake in a Brazilian oilfield for $561mn after blocking a Chinese entry.
Further, Apollo Tyres has rallied after Cooper Tire & Rubber Company (CTB) has terminated the merger agreement with the company. Piramal Enterprises down after the Foreign Investment Promotion Board approved Vodafone's proposal to buy out minority shareholders.
The crucial resistance for Nifty is now seen at 6320 and above this 6345. Support for the immediate term is now placed at 6285 and next support will be 6255.

TOP FIVE BUZZING STOCKS-1 january

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CENTURY TEXTILES TREND:BULLISH SUPPORT: 291 RESISTANCE: 322

IDEA CELLULAR
TREND:BEARISH
SUPPORT: 164
RESISTANCE: 174


PFC
TREND:BULLISH
SUPPORT: 159
RESISTANCE: 172


UNITED SPIRITS
TREND:BULLISH
SUPPORT: 2520
RESISTANCE: 2650


FUTURE RETAIL
TREND:BULLISH
SUPPORT: 71
RESISTANCE: 82


TOP FIVE CORPORATE NEWS-31 DECEMBER

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TOP FIVE CORPORATE NEWS


Apollo Tyres gain after Cooper terminates merger deal

Apollo Tyres has rallied after Cooper Tire & Rubber Company has terminated the merger agreement with the company. The termination of the deal is a positive development for Apollo Tyres given that the concerns regarding significant increase in leverage.

ONGC expects to increase natural gas output from KG basin

Oil and Natural Gas Corporation is reportedly planning to increase natural gas output from Krishna Godavari Basin (KG Basin) region by commissioning two more wells.

SKS Microfinance completes Rs. 55 crore securitization

SKS Microfinance Limited announced the fourth microfinance securitization during the current financial year of Rs. 55 crore. The entire pool qualifies for weaker section treatment as per the RBI's priority sector lending guidelines.

HCL continues to invest in Human Capital Development in U.P

HCL was established in partnership with U.P Government four decades ago today shared that it …

INDIAN EQUITY MARKET OUTLOOK-31 DECEMBER

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INDIAN BENCHMARKS are likely to remain range-bound on the last day of 2013 tracking mixed global cues. Investors will watch the April-November fiscal deficit reading due today.Cooper terminating the stake sale arrangement with Apollo Tyres.

FURTHER, GAIL India has received environmental clearance for setting up a 220MW gas-based power plant at Raigad in Maharashtra at a cost of Rs10.2bn.GMR signed an agreement with Malaysian Airports Holding Berhad to divest its 40 per cent equity stake which operates services at the former, for Rs19bn.


Trend in FII flows: The FIIs were net buyers of Rs. 116cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 207cr, as per the provisional figures released by the NSE.
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INDIAN EQUITY MARKET WRAP UP-30 DECEMBER

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INDIAN EQUITY MARKET WRAP UP


INDIAN BENCHMARKS ends down post volatile session.  Market touched its day's low in afternoon deals a Financial Stability Report by the Reserve Bank of India flagged concerns over continuing high inflation amid slowdown in growth. Further, Idea Cellular has received shareholders' approval for increasing the investment limit for overseas investors to 49 percent. JSW Steel has moved higher after one of its promoters has acquired around 300,000 equity shares of the company through open market transaction.


The crucial resistance for Nifty is now seen at 6345 and above this 6415. Support for the immediate term is now placed at 6262 and next support will be 6230.

TOP FIVE ROCKING PERFORMANCE OF THE DAY-30 DECEMBER

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TOP FIVE ROCKING PERFORMANCE OF THE DAY

      CS CALL: BUY KALINDEE RAIL NIRMAN ABOVE 75 TGT 75.80, 76.80, 78.30 SL 73.50
TARGET ACHIEVED: 3

      CS CALL:  BUY AUROBINDO PHARMA FUTURE ABOVE 399.50 TGT 400.30, 401.30, 402.80 SL 397.50.
 TARGET ACHIEVED: 2       CS CALL: BUY CESC FUTURE ABOVE 458.50 TGT 460, 462, 464.50 SL 454

TARGET ACHIEVED: 2       CS CALL: BUY COLPAL FUTURE ABOVE 1361 TGT 1367, 1375, 1385 SL 1346

TARGET ACHIEVED: 2       CS CALL: BUY KERNEX MICROSYSTEM ABOVE 51.50 TGT 52, 52.80, 53.80 SL 50

TARGET ACHIEVED: 2

TOP FIVE BUZZING STOCKS-31 DECEMBER

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TOP FIVE BUZZING STOCKS


BHEL TREND:BULLISH SUPPORT: 171 RESISTANCE: 190

ELDER PHARMA
TREND:BEARISH
SUPPORT: 239
RESISTANCE: 252


COAL INDIA
TREND:BULLISH
SUPPORT: 280
RESISTANCE: 294


FINANCIAL TECH
TREND:BULLISH
SUPPORT: 172
RESISTANCE: 189


JSW STEEL
TREND:BULLISH
SUPPORT: 1005
RESISTANCE: 1050


TOP FIVE CORPORATE NEWS-30 DECEMBER

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TOP FIVE CORPORATE NEWS


ONGC to offer 10% stake in Tripura Power.

The government has given nod to ONGC proposal to offer 10% equity stake to Bangladesh in ONGC Tripura Power Company. ONGC owns 50% shares in the consortium while IL&FS and the state government hold 26% and 0.5% stakes

DIPP gives nod for Tesco proposal to invest in Trent Hypermarket.

The Department of Industrial Policy and Promotion has approved Tesco's application to invest in Trent Hypermarket. The company plans to invest $110 mn and will put at least 50% of the first tranche of $100 million in back-end infrastructure.

Sesa Sterlite gains on resumption of mining operations at Karnataka.

Sesa Sterlite has rallied after the company has received permission from the Supreme Court appointed Monitoring Committee to resume mining activities at its Karnataka mine.

NTPC expects to begin coal mining at Dulanga block.

NTPC Ltd is expecting to start coal production from Dulanga block by March 2015. The project is scheduled to …

INDIAN EQUITY MARKET OUTLOOK-30 DECEMBER

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INDIAN EQUITY MARKET OUTLOOK

INDIAN BENCHMARKS open on a flat note, as inflows from foreign institutional investors are expected to continue despite the US Federal Reserve starting to withdraw its stimulus programme from January 1. The April-November fiscal deficit reading is due tomorrow.

FURTHER, The government has given nod to ONGC proposal to offer 10% equity stake to Bangladesh in ONGC Tripura Power Company. Adani Power board approves demerger of transmission line business of the Company to its wholly owned subsidiary company subject to requisite approvals.

Trend in FII flows: The FIIs were net buyers of Rs. 295cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 159cr, as per the provisional figures released by the NSE.

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EQUITY REPORT - 30 December 2013

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INDIAN EQUITY BENCHMARKS closed in the green zone, 
sending indexes to their second consecutive weekly gains, as 
technology stocks such as Infosys extended a rally this year 
after data continued to signal a sturdier U.S. economy. ONGC 
trading higher on reports that the petroleum ministry seeks to 
cut subsidy burden. 

Further, Kotak Institutional Equities downgraded Maruti 
Suzuki India to "sell" from "reduce," saying the outlook for the 
company will be more challenging than currently priced by the 
stock. 

Shares of NTPC gains after they announced they are going too 
lined up new projects of 19,000 MW capacities, nearly half of 
that would be commissioned by 2017.

Equity tipsstock cash callsagri commodityagri commodity tips

TOP FIVE BUZZING STOCKS-28 DECEMBER

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TOP FIVE BUZZING STOCKS


APOLLO TYRE TREND:BULLISH SUPPORT: 98 RESISTANCE: 103 BANK OF INDIA
TREND:BULLISH
SUPPORT: 230
RESISTANCE: 244ACCELYA KALE SOLUTION
TREND:BULLISH
SUPPORT: 1850
RESISTANCE: 1890JUST DIAL
TREND:BULLISH
SUPPORT: 1365
RESISTANCE: 1439ELDER PHARMA
TREND:BEARISH
SUPPORT: 241
RESISTANCE: 256

TOP ROCKING PERFORMANCE OF THE DAY-27 DECEMBER

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TOP ROCKING PERFORMANCE OF THE DAY




CS CALL: SELL AUROBINDO PHARMA FUTURE BELOW 393 TGT 392.20, 391.20, 389.70 SL 395
TARGET ACHIEVED: 3
CS CALL: BUY HEXAWARE LTD FUTURE ABOVE 132 TGT 132.80, 133.80, 135.30 SL 130
TARGET ACHIEVED: 2
CS CALL: BUY ABAN OFFSHORE ABOVE 386 TGT 388, 391, 394 SL 382
TARGET ACHIEVED: 3

INDIAN EQUITY MARKET WRAP UP-27 DECEMBER

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INDIAN BENCHMARKS ended in the green zone.
INDIAN BENCHMARKS closed in the green zone, sending indexes to their second consecutive weekly gains, as technology stocks such as Infosys extended a rally this year after data continued to signal a sturdier U.S. economy. ONGC shares were trading higher on reports that the petroleum ministry seeks to cut subsidy burden.

Further, Kotak Institutional Equities downgraded Maruti Suzuki India to "sell" from "reduce," saying the outlook for the company will be more challenging than currently priced by the stock. Shares of NTPC gains after they announced they are going too lined up new projects of 19,000 MW capacities, nearly half of that would be commissioned by 2017.

The crucial resistance for Nifty is now seen at 6330 and above this 6365. Support for the immediate term is now placed at 6285and next support will be 6255.

TOP FIVE CORPORATE NEWS-27 DECEMBER

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TOP FIVE CORPORATE NEWS


Adani Power to demerge transmission line operations

Adani Power Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 28, 2013 to consider and approve demerger of transmission line business of the Company and other incidental matters.

Tata Steel to commission 1st phase of Odisha plant

Tata Steel is planning to commission the first phase of its six million tonne (MT) plant in Odisha by March 2015.

Dena Bank receives Rs. 700 crore capital infusion from Govt

Shareholders of Dena Bank in the Extraordinary General Meeting passed a special resolution authorizing the issuance of 11,85,83,770 equity shares of Rs. 10 each to Government of India on preferential allotment basis at a price of  Rs. 59.03 per equity share.

Dabur arm incorporates new subsidiary Dabur Tunisie in Tunisia

Dabur India Ltd wholly owned subsidiary Dabur International Limited has incorporated a new wholly owned subsidiary Dabur Tunisie in Tunisia.

Govt ups Ax…

INDIAN EQUITY MARKET OUTLOOK-:27 DECEMBER

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INDIAN EQUITY MARKET OUTLOOK-:27 DECEMBER


INDIAN BENCHMARKS opened on a strong note. The Government allowed temporary coal supplies to projects of Sterlite Energy, KSK Mahanadi Power, GMR Energy and the Chhattisgarh State Power Generation.
FURTHER, The Cabinet Committee on Economic Affairs hiked the foreign ownership limit in Axis Bank to 62 percent from an earlier cap of 49 percent. Hindustan Motors Ltd plans to sell its Chennai plant, instead of an earlier proposal to hive it off and merge with a company subsidiary.
Trend in FII flows: The FIIs were net buyers of Rs. 743cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net sellers of Rs. 203cr, as per the provisional figures released by the NSE.
Equity tipsstock cash callsagri commodityagri commodity tips

TOP FIVE BUZZING STOCKS-27 DECEMBER

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TOP FIVE BUZZING STOCKS

TATA POWER
TREND: BULLISH
SUPPORT: 86
RESISTANCE: 93
CESC
TREND: BULLISH
SUPPORT: 437
RESISTANCE: 451
INDIAN BANK
TREND: BULLISH
SUPPORT: 110
RESISTANCE: 120
JUBILANT FOODWORKS
TREND: BEARISH
SUPPORT: 1170
RESISTANCE: 1300
KARNATAKA BANK
TREND: BULLISH
SUPPORT: 108
RESISTANCE: 120

TOP FIVE ROCKING PERFORMANCE OF THE DAY-26 DECEMBER

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TOP FIVE ROCKING PERFORMANCE OF THE DAY


ARVIND LTD FUTURES BUY CALL 3 TG
PTC INDIA FUTURES BUY CALL 3 TG
HAVELLS INDIA FUTURES BUY CALL 2TG
KARNATAKA BANK CALL 110 BUY CALL 2TG
KARNATAKA BANK BUY CALL 2 TG

INDIAN EQUITY MARKET WRAP UP-26 DECEMBER

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INDIAN EQUITY MARKET WRAP UP
INDIAN BENCHMARKS ended flat on December expiry. INDIAN EQUITY BENCHMARKS indices were stuck in a narrow trading range in the first half of the session however, volatility picked up in the second half as blue chips such as Infosys extended a rally on continued strong buying by foreign investors. Traders maintained their cautious stance in today’s session primarily due to the F&O expiry.
Further, Shares of Axis Bank rallied after the Cabinet Committee on Economic Affairs (CCEA) approved the proposal of the bank for an increase in foreign investment in the bank from 49% to 62%. Shares of Amtek India gain after the company entered into an agreement to acquire substantial business interests in Kuepper group of Germany, through its 100% subsidiaries.
The crucial resistance for Nifty is now seen at 6320 and above this 6365. Support for the immediate term is now placed at 6255and next support will be 6235.


TOP FIVE CORPORATE NEWS-26 DECEMBER

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TOP FIVE CORPORATE NEWS




·ICRA signs MOU with Punjab National Bank
ICRA and PNB have signed a Memorandum of Understanding under which ICRA will assign ratings to Small Enterprises/Small Scale Industries and Small and Medium Enterprises that are borrowers of the Bank.

·NTPC seeks waiver to bid for UMPP
NTPC planning to bid for the upcoming ultra mega power project and seeking exemption from the investment ceiling on the state-run utility. The UMPPs are expected to cost Rs 25,000-30,000 crore, which would require an equity investment of over Rs 7,500 crore from the developer.

·Amtek India acquires Kuepper Group in Germany
Amtek India Limited has signed a contract, through a special purpose vehicle, to acquire the Kuepper Group of companies for an undisclosed cash consideration.

·Allahabad Bank gains after preferential share allotment to government Allahabad Bank rose as it has allotted 4.45 crore equity shares at Rs 89.72 per share to the Government of India on preferential allotment basis.
·IRB …

INDIAN EQUITY MARKET OUTLOOK-:26 DECEMBER

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INDIAN EQUITY MARKET OUTLOOK

INDIAN BENCHMARKS started on a marginally positive note ahead of December F&O expiry today.The petroleum ministry is planning a new subsidy-sharing mechanism that might come as relief to upstream oil companies like ONGC, Oil India and GAIL India.

FURTHER, NTPC planning to bid for the upcoming ultra mega power project (UMPP) and seeking exemption from the investment ceiling on the state-run utility.Allahabad Bank gets shareholders nod for preferential issue to Government of Rs4bn and QIP of Rs3.2bn.

Trend in FII flows: The FIIs were net buyers of Rs. 40cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 43cr, as per the provisional figures released by the NSE.

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DAILY EQUITY REPORT -26 December 2013

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DAILY EQUITY REPORT -26  December 2013 


INDIAN FACE 

INDIAN EQUITY BENCHMARK ended near their day's lows, 
amid a range bound trading session, as investors booked 
profits in late trades unwilling to carry over positions ahead 
of the Christmas holiday tomorrow followed by expiry of 
December derivative contracts on Thursday. 

Further, Sesa Sterlite ended down after the (CBI) said it 
started an investigation into possible irregularities in its stake 
buy in Hindustan Zinc Ltd 

UltraTech Cement ended up CCI has approved the company’s 
proposal to acquire two plants of Jaypee Cement Corporation 
in Gujarat. 

Equity tipsstock cash callsagri commodityagri commodity tips

Top 5 buzzing stocks for tomorrow -25th DECEMBER 2013

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Top 5 buzzing stocks for tomorrow -25th DECEMBER 2013




AUROBINDO PHARMA TREND:BULLISH SUPPORT: 375 RESISTANCE: 410

BHARAT FORGE
TREND:BULLISH
SUPPORT: 320
RESISTANCE: 360


CANARA BANK
TREND:BULLISH
SUPPORT: 270
RESISTANCE: 298


CIPLA
TREND:BEARISH
SUPPORT: 390
RESISTANCE: 410


HINDUSTAN PETROLEUM
TREND:BULLISH
SUPPORT: 230
RESISTANCE: 246


TOP FIVE ROCKING PERFORMANCE OF THE DAY-24 DECEMBER

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TOP FIVE ROCKING PERFORMANCE OF THE DAY-24 DECEMBER




CENTURY TEXTILE FUTURES BUY CALL 3 TG
CENTURY TEXTILE CALL 290 BUY CALL 3 TG
AMRUTANJAN LTD BUY CALL 3 TG
BIOCON FUTURES BUY CALL 2 TG
RANBAXY FUTURES BUY CALL 2TG

INDIAN EQUITY MARKET WRAP UP-24 DECEMBER

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INDIAN EQUITY MARKET WRAP UP-24 DECEMBER



INDIAN BENCHMARKS end flat ahead of Dec F&O expiry

INDIAN BENCHMARKS ended flat, amid a range bound trading session, as investors booked profits in late trades unwilling to carry over positions ahead of the Christmas holiday tomorrow followed by expiry of December derivative contracts on Thursday.

Further, Sesa Sterlite ended down after the Central Bureau of Investigation started an investigation into possible irregularities in its stake buy in Hindustan Zinc Ltd. Alstom T&D India gained 4.3% after the company has received two orders worth Rs 298 crore for supplying equipment for power stations in Himachal Pradesh.

The crucial resistance for Nifty is now seen at 6320 and above this 6365. Support for the immediate term is now placed at 6230 and next support will be 6160.

Equity tipsstock cash callsagri commodityagri commodity tips

TOP FIVE CORPORATE NEWS-24 DECEMBER

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TOP FIVE CORPORATE NEWS



GMR Infrastructure plans to sell 40% stake in Istanbul airport-

GMR Infrastructure is planning to sell its entire 40% stake in Istanbul’s Sabiha Gokcen International Airport for Euro 225 million (Rs 1,900 crore) to Malaysia Airport Holdings Berhad (MAHB).

Tata Housing  buys  land in Bangalore for Rs120 crore-

Tata Housing, India’s fastest growing Real Estate Development Company entered into an agreement with Alstom T&D India to buy its manufacturing unit spread across 20 acres in Bangalore for 120 crores.

UltraTech Cement hardens on CCA nod for acquisition of cement unit in Gujarat-

UltraTech Cement is trading higher after the Competition Commission of India (CCI) has approved the company’s proposal to acquire two plants of Jaypee Cement Corporation in Gujarat.

HCC wins Rs 1,597cr contract for Uttarakhand hydro project-

Hindustan Construction Company (HCC) has won an Rs 1,597-crore contract from THDC India for construction of a hydro power project in Chamoli i…

INDIAN EQUITY MARKET OUTLOOK-:24 DECEMBER

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INDIAN EQUITY MARKET OUTLOOK


INDIAN BENCHMARKS opened on a positive note tracking global cues.RCOM has been allowed to exit from Universal Services Obligation Fund project under which mobile companies get subsidy to share mobile infrastructure and offer telephony services in rural and remote areas.


FURTHER, Tata Housing, the real estate development company from Tata Group, entered into an agreement with Alstom T&D India to buy its manufacturing unit spread across 20 acres in Bangalore for 120 crore.YES Bank had raised $150 million from International Finance Corporation (IFC), Washington, a member of the World Bank group, for up to seven years.

Trend in FII flows: The FIIs were net buyers of Rs. 135cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net buyers of Rs. 38cr, as per the provisional figures released by the NSE.
Equity tipsstock cash callsagri commodityagri commodity tips

Top 5 buzzing stocks for tomorrow -24th DECEMBER 2013

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Top 5 buzzing stocks for tomorrow -24th DECEMBER 2013



UBL TREND:BEARISH
SUPPORT: 715
RESISTANCE: 755BIOCON
TREND:BULLISH SUPPORT: 451 RESISTANCE: 482 DHFL TREND:BULLISH
SUPPORT: 185
RESISTANCE: 230PNB TREND:BULLISH
SUPPORT: 590
RESISTANCE: 645ARVIND LTD TREND:BULLISH
SUPPORT: 125
RESISTANCE: 144

TOP FIVE ROCKING PERFORMANCE OF THE DAY-:23 DECEMBER

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TOP FIVE ROCKING PERFORMANCE OF THE DAY







ARVIND LTD FUTURES (PREMIUM) BUY CALL 3 TG (BOOKED AT 136.50)DLF FUTURES BUY CALL 3 TGBIOCON FUTURES BUY CALL 3 TGHAVELLS INDIA FUTURE BUY CALL 3 TGARVIND LTD CALL 130 BUY CALL 3 TGBIOCON CALL 460 BUY CALL 3 TG