Stock Alert : 28.10.2011

* BHARTI AIRTEL: The Delhi High Court has rejected the company's plea against the Telecom Disputes Settlement & Appellate Tribunal's order to pay 250 mln rupees fine.
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* CENTURY ENKA: Parvati Tea replaces Jay Shree Tea as a promoter of the company.
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* FUTURE VENTURES: Will subscribe to 2.5 mln zero-percentage optionally- convertible debentures each of Capital Foods Exports Pvt Ltd and Future Consumer Enterprises Ltd.
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* GOKALDAS EXPORTS: Company may get an order from Wal-Mart Stores for 6 mln pieces per year.
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* INFOSYS: Is looking for acquisitions worth up to $700 mln in the pharmaceutical sector.
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* JSW STEEL: Japan 's JFE Steel has shown interest to buy more stake in the company's Salboni project in West Bengal .
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* MIRC ELECTRONICS: Has posted Jul-Sep net loss of 96.1 mln rupees and net sales at 4.24 bln rupees.
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* MMTC LTD: Source says government unlikely to divest its stake in the company this financial year due to volatile equity markets.
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* ORACLE FINANCIAL SERVICES: Reported Jul-Sep net profit of 1.65 bln rupees, down 21.8% on year; revenues rose 6% on year to 6.2 bln rupees.
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* POWER GRID CORP: Has informed the stock exchanges that its board last week approved investments of 10.46 bln rupees for two projects.
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* RAIN COMMODITIES: Has approved buyback at up to 41 rupees per share. To spend up to 350 mln rupees on the share buyback. Has posted Jul-Sep consolidated net profit at 1.17 bln rupees, net sales of 12.95 bln rupees.
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* SESA GOA: Has posted Jul-Sep consolidated net profit at 12.8 mln rupees, way below analysts' estimates of 2.78 bln rupees; net sales at 7.84 bln rupees.
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* TV18 BROADCAST: Will launch 'CNBC-TV18 Prime HD', a high definition, premium business news service, on Oct 26.
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* USHA MARTIN: Thailand arm's operations hit by floods; assets "broadly" insured.
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* WIPRO: To restructure its computer infrastructure management services business by merging the global and domestic functions.
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* YES BANK: Ups savings bank rate by 200 basis points to 6%, Base Rate by 25 bps to 10.50%, and benchmark prime lending rate 25 bps to 19.75%
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Auto Stocks Outlook for the week (24-28.10.2011)

Auto Stocks Outlook for the week (24-28.10.2011)

Automobile stocks are seen taking cues from the monetary policy review next week. The Reserve Bank of India is widely expected to go in for at least another 25 basis points hike in policy rates during the upcoming review on Oct 25. The central bank has already hiked its policy rates a dozen times in the last 18 months to tame inflation.

 A rate hike would always be negative for auto stocks. Whether it (RBI) hints at a pause is what the markets are keen to learn. Passenger car sales in the country are already dwindling because of costly loans and high fuel prices. From April to September, domestic car sales have dropped over 1% from the same period last year.

In comparison, car sales had grown almost 34% on year during the first six months of the last fiscal year. Society of Indian Automobile Manufacturers has even downgraded its passenger car sales growth forecast for the current financial year to 2-4%, the slowest since 2008-09 when sales had risen by a mere 1.4%.

This is the second time in 2011-12 that Society of Indian Automobile Manufacturers has revisited its sales growth forecast. It had originally estimated domestic car sales to grow at 16-18% in the current financial year, but later revised the figure to 10-12%. Maruti Suzuki would be detailing Jul-Sep earnings Oct 29. We expects Maruti Suzuki's profit in the second quarter to decline by a sharp 34% year-on-year due to slower sales and yen hedges at sequentially lower levels.

Bank Stocks Outlook for the week (24-28.10.2011)

Stocks of banks are likely to remain in a range next week in view of the Reserve Bank of India's second quarter monetary policy review on Tuesday. Expiry of the October derivatives series, and banks' Jul-Sep earnings would also drive sentiment. Wednesday and Thursday, India's financial markets are shut due to the Diwali festival. On Wednesday, there will be ceremonial trading--or 'muhurat' trading--for a couple of hours.

On Tuesday, the RBI is expected to raise the repo rate--the rate at which it lends to banks under its Liquidity Adjustment Facility--by 25 basis points to contain inflationary pressures. Wholesale Price Index-based inflation rate was 9.72% in September, way beyond the central bank's projection of 7.00% by March end.

Prime Minister's Economic Advisory Council Chairman C. Rangarajan Thursday said repo rate, at 8.25%, was still lower than the pre-crisis level of 9.00%, and the RBI would have to act to tame inflation. If inflation rises, the responsibility of (the) central bank becomes greater when inflation remains at a level which is way above the comfort zone. Therefore, in that situation, it becomes absolutely necessary for (the) central bank to act and that is what they are doing.

Besides the RBI's policy review, the quarterly performance of banks will be in focus next week. Axis Bank, Kotak Mahindra Bank, Union Bank of India, and Allahabad Bank are among the banks that will announce their Jul-Sep earnings in the week. Axis Bank's Jul-Sep net profit is expected to rise 25% from a year ago to 9.16 bln rupees due to strong growth in loans and fee income.

Pharma Stocks Outlook the week (24-28.10.2011)

Stocks of drug makers are likely to trade in a narrow range along with the broad market next week in the absence of much action in the sector. However, the street will keep an eye on the Jul-Sep earnings of the companies. There is nothing much to watch for except the earnings. However, the expectations are quite subdued as far as the results are concerned.

Margins of drug makers are seen remaining under pressure with increasing competition in the market. Companies such as Dr Reddy's Laboratories, Ranbaxy Laboratories Ltd and GlaxoSmithKline will announce their Jul-Sep results next week and in the first week of November.

Domestic formulation business for most companies (DRL, Ranbaxy and Cipla in particular) is likely to witness high single-digit growth on back of increasing competition. As a result, margins are expected to be under pressure. According to the report, companies with short-term loans and high forward covers may have to bear the brunt with rupee depreciating against dollar.

Ranbaxy is likely to be worst hit while Sun Pharma to be better off. We expect the profit growth of pharmaceutical companies is likely to be marginal due to higher interest costs led by rising interest rates, and a higher effective tax rate on account of the increased minimum alternative tax rate and the exhaustion of tax benefits for export-oriented units.

FMCG Stocks Outlook for the week (24-28.10.2011)

FMCG Stocks Outlook for the week (24-28.10.2011)

The stocks of fast moving consumer goods companies are expected to continue outperforming the market, with Hindustan Unilever and ITC being in focus due to their Jul-Sep earnings next week. ITC will detail its quarterly performance on Monday, and Hindustan Unilever, Dabur India, and Colgate Palmolive India on Oct 31. These two companies enjoy the maximum weightage on the BSE FMCG Index and their earnings are expected to be the big trigger for this category.

Godrej Consumer Products last week declared a 2.6% on-year fall in its Jul-Sep net profit at 1.28 bln rupees on account of a higher interest, advertising and marketing expenses and raw material cost. The stock ended down 1.13% on friday at 405.25 rupees on the National Stock Exchange.

However, see the Godrej Consumer counter getting back to its previous levels in a few sessions due to continuing demand for products. The FMCG stocks are seen to be favoured by investors due to strong fundamentals, which attract investors from other sectors such infrastructure, real estate, which have not performed well.

Cement Stocks Outlook for the week (24-28.10.2011)

Stocks of most cement majors are seen moving in a narrow range with a positive bias next week, as the negative sentiment of UltraTech Cement Ltd's poor Jul-Sep earnings has been factored in, and we expect cement makers performance to improve in the coming months. The country's largest cement maker by capacity, Thursday posted a 60% sequential decline in net profit for Jul-Sep at 2.79 bln rupees, and a 10% fall in net sales at 39.10 bln rupees.

UltraTech Cement reported Jul-Sep results below our as well as consensus estimates, on account of lower-than-expected margins. However, we see brighter prospects for H2FY12 (Oct-Mar) given the recent cement price hikes and expected spurt in volumes post-October as the festive season draws to a close.

We expected that even as two other majors, ACC Ltd and Ambuja Cements Ltd may miss the estimated growth for Jul-Sep, the companies will see a rebound in the coming quarters. ACC and Ambuja Cements will detail their Jul-Sep earnings on Nov 1. While pricing remained under pressure in Jul-Sep due to subdued demand, companies have taken production cuts to raise prices by 5-20 rupees per 50 kg bag across regions in the country since September end.

Cement producers have reduced production levels leading to shortage in the market with no sales in the non-trade segment and supplies being diverted to trade segment to exploit the premium of 10-15 rupees per bag. The low base effect of 2010-11 (Apr-Mar) might continue to help growth numbers seem better till January.

Capital Goods Stocks Outlook for the week (24 - 28.10.2011)

The festival of lights will bring no joy to capital goods stocks next week as poor quarterly performances and unfavourable macroeconomic conditions are seen weighing on the investor sentiment. A grim outlook for the year ahead by sector bellwether Larsen & Toubro Ltd has further battered the already weak sentiments prevailing for the sector. Larsen & Toubro today reported a better than expected Consolidated net profit at 7.98 bln rupees for Jul-Sep, a  4% growth from the same period last year and net sales at 112.45 bln rupees, higher by 19%.

The engineering and construction major, however, shocked the Street with a sharp downward revision in its order book guidance for 2011-12 (Apr-Mar) to a 5% rise from 15% growth earlier. The revision sent the company's shares into a tizzy.
The Street will also be keenly watching the Reserve Bank of India's second quarter review of annual monetary policy for the current financial year on Tuesday. The central bank to hike the repo rate, at which it lends to banks under the Liquidity Adjustment Facility, by 25 basis points to rein in inflation.

A hike in interest rates would force capital goods companies to put expansion activities on hold, which in turn will put pressure on their order books. However, he added that in the unlikely event of the central bank taking a pause, stocks in the capital goods sector could post some recovery. At present, concerns are high regarding sticky inflation, fuel prices and retarding capital expenditure, while damage from interest rates could be felt on corporate profitability with a lag effect in the ensuing quarters, Anand Rathi Financial Services said in a note.

IT Stocks Outlook for the week (24 - 28.10.2011)

After a steep fall last week, stocks of major information technology companies are seen trading range-bound with a positive bias next week. The market has factored in most of the disappointments of Jul-Sep earnings posted by sector majors and there should be some value-buying at these levels.

Reacting to disappointing Jul-Sep earnings of two sector majors, Tata Consultancy Services Ltd and HCL Technologies Ltd stocks of most software exporters declined 1-7% week-on-week. The CNX IT Index ended nearly 3% lower on-week yesterday. Tata Consultancy Services was the biggest loser, ending 7.4% lower, while HCL Technologies lost 6.2%. Mid-sized companies such as Satyam Computer Services Ltd and Tech Mahindra Ltd fell 6.0% and 3.9%, respectively. Despite a robust 6.25% sequential growth in Jul-Sep business volumes, TCS' net profit in the quarter grew a tepid 2.5% sequentially to 24.39 bln rupees. Revenue increased by 7.7% from the previous quarter to 116.33 bln rupees.

Lower foreign exchange losses coupled with better utilization of resources helped HCL Technologies mitigate the impact of its annual wage hike it undertook in July as it posted a 50% on-year rise in Jul-Sep net profit. The Street will wait for sector heavyweight Wipro Ltd to post its earnings on Oct 31 to take further cues. The stock market will remain closed on Wednesday and Thursday on account of Diwali and Balipratipada, respectively. The stock market will be open on Wednesday only for a few hours for mahurat trading.

Oil Stocks Outlook for the week (24 - 28.10.2011)

Stocks of state-owned oil marketing companies have come under pressure once again as crude oil prices have gained over the past two weeks, and the rupee has weakened further against the US dollar. These factors, along with weakness in the equities market, may lead to further downward correction in stocks of Indian Oil Corp, harat Petroleum Corp, and Hindustan Petroleum Corp.

The price of the Indian basket of crude oil touched almost $110 a barrel earlier last week after falling to below $100 a few weeks ago. Although crude oil prices softened slightly on Thursday to $107 a barrel, the trend is seen bullish. Weakness in the rupee has made matters worse. After holding at around 49.000 rupees a dollar levels, the Indian currency weakened to 50.000 rupees a dollar levels in the past two trading sessions. Despite these developments, the government has maintained silence on compensating the companies on the losses they have incurred in Jul-Sep on selling retail fuel at subsidised prices.

The petroleum ministry has sought 140 bln rupees for the three companies to partly compensate them for Jul-Sep under-recoveries. Currently, these companies are losing around 2.6 bln rupees daily on such under-recoveries. Even as the government drags its feet on the issue, Bharat Petroleum's quarterly earnings announcement is just 10 days away. Although the stocks of the three companies are seen weak, the downside will be limited at 1-2% from current levels. There are only three trading days next week, with the stock market being closed on Wednesday and Thursday due to Diwali festival.

Cairn India stocks are also seen weak after the company's profits suffered in Jul-Sep because of huge provisioning made to meet a condition set by the government to approve a stake sale in the company to Vedanta Resources. The government had asked the company to make royalty paid on the Rajasthan block crude oil cost-recoverable. So far, Oil and Natural Gas has been bearing the entire royalty burden even though it only has 30% stake in the block. Even after assuming higher oil prices and faster ramp-up, we believe that the stock does not offer significant upside from current levels.

India Markets Outlook for the week (24 - 28.10.2011)

The trend in domestic equities on Monday will depend on the outcome of the European Union summit on Sunday. The finance ministers of 27 European countries will meet on the day to discuss the debt crisis in Europe and come up with a solution. Goldman Sachs expects European leaders to announce steps such as 100-250 bln euro recapitalization of regional banks, cut of around 40-50% in Greece's debt through involvement of private banks, and speedy replacement of the European Financial Stability Facility with the European Stability Mechanism. Back home, investors are likely to avoid taking big bets Monday as they will wait for the Reserve Bank of India's review of macroeconomic developments post market hours. The RBI's observations are expected to provide hints on its policy moves on Tuesday.

Currently, the expectation is that the central bank will hike the repo rate at which it lends to banks under its Liquidity Adjustment Facility by 25 basis points as inflation remains "uncomfortably" high. The RBI's policy, along with the expiry of the October derivatives series and companies' quarterly earnings, will set the trend for the week. Next week, there are only three trading days Monday,  Tuesday, and Friday due to the Diwali festival. On Wednesday, there will be ceremonial, or 'muhurat', trading for a couple of hours.

Domestic stock indices could see a relief rally of up to 3-4% on Tuesday if the RBI takes a pause on its rate hikes or hints at such a move ahead. The National Stock Exchange's 50-stock Nifty ended at 5049.95 points, down 41.95 points or 0.8% from Thursday. The Bombay Stock Exchange's 30-stock Sensex ended at 16785.64 points, down 151.25 points or 0.9%. Nifty heavyweights such as Axis Bank, GAIL (India), ITC, Sterlite Industries, Dr Reddy's Laboratories, Kotak Mahindra Bank, NTPC, Sesa Goa, and Maruti Suzuki India are scheduled to announce their Jul-Sep earnings next week.

ITC, which will detail its earnings on Monday, is seen reporting a year-on-year rise of 19% in its Jul-Sep net profit to 14.8 bln rupees. GAIL will also report its quarterly earnings on Monday. The state-owned gas transportation company's Jul-Sep net profit is seen growing at a modest 16% to 10.75 bln rupees due to high subsidy burden amid rise in crude oil prices and weakness in the rupee.

The Nifty is likely to face resistance at 5200 points and get support at 4970. Stocks of Larsen & Toubro may remain under pressure next week and could even hit a new 52-week low. The stock declined nearly 4% to 1,335.30 rupees yesterday as the company cut its order book growth guidance for this financial year to 5% from 15%. Maruti Suzuki stocks may extend gains and rise 2-3% next week as the workers' strike at the company's Manesar plant has ended. Yesterday, the stock rose 1.6% to 1,094.55 rupees.

Temples in Tamilnadu

Free Commodity Calls : 12.09.2011

04.00Pm : Buy Crudeoil Sa 4073 SL 4003 Target 4101 / 4159
04.00Pm : Buy Nickel Sa 1000 SL 981 Target 1007 / 1023
04.00Pm : Buy Copper Sa 413.60 SL 409 Target 415 / 417
04.00Pm : Buy Zinc Sa 102 SL 100 Target 103 / 104

Equity calls : 12.09.2011 free

10.20Am : Short NIFTY Sb 4952 SL 4969 Target 4936. / 4910.

Free Commodity Positional call : 09.09.2011

11.00AM: Short Crudeoil Sep Sb 4100 SL 4179 Target 4062/3995

Equity calls : 09.09.2011 free

10.15Am : Short NIFTY Sb 5119 SL 5142 Target 5099 / 5064

PAID CALLS

Contact Yahoo Messenger : kences1

Free Calls Today : 20.07.2011

09.24AM:INTRADAY:BUY TITAN SA 236.50 SL 234.50 TGT 240/242
09.39AM:INTRADAY:BUY DLF SA 245 SL 243 TGT 248/250
10.48AM:INTRADAY:BUY BOMDYEING SA 386.50 SL 281 TGT 391/397

Free Calls Today : 19.07.2011

10.30AM:INTRADAY:BUY TATACOMM SA 217.50 SL 215 TGT 220/224
12.43PM:INTRADAY:BUY BHARTIARTL SA 396 SL 394 TGT 399/403
12.56PM:INTRADAY:BUY TATAPOWER SA 1308 SL 1297 TGT 1320/1336

Indian markets to gear up for long term rally, Short term bias bearish

We advice traders to remain cautious but investors should start picking stocks now as the bearish clouds will definitely pass on.

Free Calls Today : 08.07.2011

* 09.25Am : Short Axisbank Fut Sb 1327.20 SL 1343 Target 1319/1310
* 09.45Pm : Short Nifty Fut Sb 5717 SL 5766 Target 5688/5640/5565

Bulls ride high on FII buying

Bulls ride high on FII buying

SKS Micro hits 20 pct circuit, Realty shines again
Dalal Street witnessed a stunning upmove as FII buying propped up the indices, giving a jolt to majority of the analysts who are predicting another round of correction to 5200 levels.

Gainers Today

SKS Microfinance Ltd., Selan Exploration Technology Ltd., Delta Corp Ltd, Tata Teleservices (Maharashtra) Ltd., DB Realty Ltd.,Godrej Industries Ltd., Anant Raj Inds. Ltd. are among major gainers today.

Markets : 5700 taken out in style

Nifty has taken out 5700 in style, sending investors into a euphoric mood. We expect retail investors to jump into the markets in the coming days as macro economic headwinds slowly but surely die down. As expected Realty is the first sector to bounce back and expect a bigger upmove in the coming days. DLF, Unitech, Orbit Corp, Anantraj are among the stocks that are drawing first blood.

Pre Market Report 15 Mar 2011

Dark clouds on Dalal
Tokyo extends the slide, down 12 pct in two days

Dalal Street is likely to gap down after a major rally that took traders by surprise on Monday as Japan's Nikkei is trading down nearly 6 pct on the second consecutive day.

Asian stocks suffered for the second day this week as the fallout from Japan’s strongest earthquake last week clouded the economic outlook and intensified concern that corporate earnings will suffer. The Bank of Japan on Tuesday offered to pump 5 trillion yen ($61 billion) into the banking system, continuing its huge fund injection aimed at easing market jitters amid escalating damage from the earthquake.

News Bytes

* Vishal Retail sells retail & wholesale biz for Rs 70 cr

* Educomp bags Rs 67.93 cr order from Maha govt

* PFC to raise Rs 5,300 cr from infra bonds

* Hotel Leela to sell stake, raise Rs. 600 cr

* Nippon to buy 26% stake in Reliance Life

* Rio Tinto claims support for Riversdale bid, but Tata Steel mum

* NDTV set to revive alliance with STAR

* Suzlon promoters sell shares worth Rs 178 cr

* Wockhardt stock drops as court allows lenders’ plea

* Videocon promoters up stake in firm to over 21%

* SAIL, Japan’s Kobe in talks for steel plan

Markets - Look great after initial jitters

While the reception area looks bad the interiors of the floor will have a different look. This is what traders and investors will experience today. After a gap down, watch the upmove later in the day.

Pre Market Report 10 Mar 2011

Asian Markets hit speed

Dalal Street likely to extend consolidation, Stock specific activity to continue

Indian equities are likely to open in the red on thursday morning as Asian Markets hit the roadblock, sliding around one percent each. Wall Street closed flat on Wednesday on weak crude oil prices.

News Bytes

* 3 PE funds to invest Rs 1,440 cr in GMR Airport

* Domestic vehicle sales hit all-time high in February

* Essel Propack to shut 2 plants in US and Egypt

* Hanung Toys buys controlling stake in Cody Direct Corp

* PFC to set up subsidiary for renewable energy sector

* Tata Steel plans to expand German auto unit

* RIL's D6 gas output to rise 30% in 2011-12, says DGH

* Ashok Leyland expands network in Punjab, HP

* January industrial production seen rebounding to 2.7%, up 110 bps in December

* Hero pledges shares, raises Rs. 900 cr.

* RCom says China loan to help lower interest cost

* BofA-ML cuts India’s FY12 growth target to 8.2%

* Camlin Fine Chemicals buys Italy’s Borregaard


Markets - Consolidation is the name of the game

After series of volatile sessions, Indian markets are going through a consolidation phase. While global conditions are still jittery, Libyan crisis has overextended and we are finally at a stage where Markets might not want to care about the crisis any longer. Dow Futures are down 65 points and this might impact Indian markets during the open.

Stock specific activity is likely to continue as we belive investors are slowly returning to the Street.

Commodity Update : 09.03.2011

* Gold likely to rebound on lingering political concerns

Today Economic News : 09.03.2011

• Indian shares will underperform emerging mkt peers: Nomura
• Cox & Kings to buy European company for Rs 1400 cr
• Google, Infosys fight 'daughterly guilt' to lure Indian women
• Audi may scale back India operations on Budget proposal
• I-T may slap huge tax bills on Hero, Honda
• Google's Cloud Connect to save MS Office work automatically
• Indian students in US keen to return home: Survey
• Rupee may be uncertain for a while on geopolitical tensions

Pre Market Report 09 Mar 2011

Street cheers as Crude backs off

Stock specific activity to pick up steam as Indices consolidate

Crude Oil eased from 29-month highs amid reports that more countries will step in to boost production and that Gadhafi may consider stepping down. Wall Street closed higher after couple of weak sessions.

News Bytes
* BoI raises FD rates by up to 75 basis points
* Jyothy Fabricare eyes acquisitions in Mumbai, Delhi
* LIC drops plan to issue infra bonds worth Rs 5,000 crore
* Lovable Lingerie IPO subscribed 4% on Day 1
* More acquisitions, Rs 5,000-cr turnover in 2011-12: Dabur
* Mahindra Group ties up with Cisco
* Magma Fincorp to securitise 45% of 2010-11 loans
* Planning Commission panel for slashing pharma FDI
* Steaming prices lift Tata Coffee scrip 20%

Markets - Consolidation is the order of the day

Nifty is likely to open flat after couple of days of volatile trade and might trade in a range. Stock specific moves are expected today and it is heartening to see few stocks coming out of the groove yesterday. This clearly indicates positives for the investment community going ahead. We advice our subscribers and investors to stay active this month as it offers excellent oppurtunity for making some money. We are confident of a bullish March despite of higher crude oil.

Watch Equity Pre Market Calls :09.03.2011 ---
   http://www.moneyva.blogspot.com/

Commodity Flash News

* Silver price to hit $80: Louise Yamada

* China’s first gold fund to invest $500 million in ETFs abroad

*  Malaysia crude palm oil futures evolving as a global benchmark
Yamada, Director and Head of Technical Research for Smith Barney, says King World News in an exclusive interview that silver price is going to “$40, $45, $60, $75 and $80 over months to years.”

Economic News : 08.03.2011

* Oil slips more than $1 on OPEC output discussion
* Morgan Stanley cuts India's FY12 growth estimate
* Mahindra Group signs strategic alliance with Cisco Systems

• Concurrent Infra bags Rs 3.33 cr order; stock up
• JSW Steel steel production grows 8%; stock up
• HOV Services up 8 pc on unit merger plans
• Market Outlook: Experts on where mkts are headed
• Jamna Auto to set up manufacturing units; stock up
• OnMobile Global up on bonus issue
• BNP starts MOIL with 'reduce'
• BNP Paribas raises ratings on real estate developers
• UTV to sell stake in Indiagames; stock up
• Middle east unrest works to shipping cos' benefit

Pre Market Report - 08 march 2011

Libya Overhang continues, Oil holds above $105

Crude Oil is likely to dent severe blow to Auto stocks on the second consecutive day as Asian stocks recover from Monday's sell-off. Overnight Wall Street closed weak as Gold hits a new high.

News Bytes

* UTV to sell stake in Indiagames for Rs 220 crore
* Andhra Bank says govt to raise stake to 58%
* Govt to infuse Rs 1,740 cr in Oriental Bank
* PTC India Fin Services Rs 450-cr IPO in March
* NTPC may lose five captive coal mines
* Insecticides buys Nocil's brand Monocil
* Hotel Leela to sell 15% stake to raise funds
* Lanco to invest Rs4,000 crore in Griffin mines
* Gold hits record Rs 21,420; silver at 31-yr high

Markets - Nifty might test 5400 again
As per the data Nifty might re-test 5400 levels again. While we continue to be bullish for the month of March, it is ideal for traders to take the case on a day to-day basis as global issues weigh in.

Our team of analysts have outrightly confirmed that this is the market to trade index futures and options and stock specific approach is really tough and might not yeild better results.

It is a volatile market and traders do need expert guidance as lot depends on sentiment too. We were spot on in our Nifty Futures analysis on a daily basis from the past 3-4 trading sessions. When in doubt we stay out as our analysts do the number crunching part of the game.

Post Market Report

Stocks recover from lows on Libya


Dalal Street recovered from the lows of the day on media reports that Gadaffi was willing to leave Libya provided his safety is guaranteed. Auto stocks were battered severely as crude oil continues to sustain above $106 levels.

Markets - Down but not out

We believe markets are likely spike higher after the present day hiccups of higher crude oil. We expect March to bring back smiles back to investor community. But one should be wary of global implications derived out of Libya crisis. We were spot on from the last few days when it comes to predicting market movement and our Futures recommendations have outperformed the markets. Subscribe to get access to Nifty number crunching.

Free Indian Equity/Commodity/Currency Stock tips: 3.Mar.2011

09.35 Am : Short ICICIBANK SB 1008.0 SL 1023.3 Target 999 / 983 / 959

09.35 Am : Short TATASTEEL SB 626.6 SL 633.9 Target 622 / 615 / 603
09.35 Am : Short Jindalstel SB 667.0 SL 671.4 Target 664 / 660 / 653
09.40 Am : Short Nifty Fut SB 5513.0 SL 5541.0 Target 5496 / 5468 / 5423
09.40 Am : Buy Kotakbank SA 423.0 SL 413.0 Target 429 / 439 / 455
09.40 Am : Short Tatamotors SB 1125.0 SL 1140.0 Target 1116 / 1101 / 1077
09.50 Am : Buy M_M SA 668.0 SL 658.0 Target 674 / 684 / 700
12.15 Pm : Buy EUR/INR SA 62.6875 SL 62.4883 Target 62.8090 / 63.0082 / 63.3309
12.30 Pm : Buy Tatamotors Fut SA 1149.8 SL 1145.9 Target 1152 / 1156 / 1162
12.45 Pm : Positional Buy Nifty Fut SA 5563.8 SL 5502.0 Target 5601 / 5663 / 5763
01.00 Pm : Buy Nickel Mar SA 1298.6 SL 1289.2 Target 1304 / 1314 / 1329
01.40 Pm : Buy Tatamotors SA 1155.0 SL 1145.0 Target 1161 / 1171 / 1187
02.05 Pm : Short Bankindia SB 455.2 SL 459.6 Target 452 / 448 / 441
02.10 Pm : Short M_M SB 668.0 SL 674.9 Target 663.8 / 656.9 / 645.7

Free Indian Equity/Commodity/Currency Stock Tips: Mar.1.2011

* 09.20 Am : Buy Tatasteel SA 613.0 SL 604.5 Target 618.2 / 626.7 / 640.5
* 09.40.AM : Buy DLF SA 215.9 SL 212.0 Target 218.2 / 222.0 / 228.3
* 09.40 AM : Buy Tatamotors SA 1115.0 SL 1086.0 Target 1132.7 / 1161.7 / 1208.7
* 09.40 AM : Buy Tatamotors Fut SA 1111.4 SL 1079.0 Target 1131.1 / 1163.4 / 1215.8
* 09.40 AM : Buy Nifty Fut SA 5420.0 SL 5349.0 Target 5463.3 / 5534.3 / 5649.3
* 09.50 AM : Short Bhartiartl SB 329.3 SL 331.8 Target 327.8 / 325.4 / 321.4
* 10.50 AM : Buy ICICIBANK SA 996.8 SL 986.8 Target 1002.9 / 1012.9 / 1029.1
* 11.00 Am : Short Gold Apr SB 20907.0 SL 20950.0 Target 20880.8 / 20837.8 / 20768.1

Free Commodity calls : 28.02.2011

04.00 Pm : Short Gold (Apr) SB 20915.0 SL 21057.0 Target 20828.4 / 20686.4 / 20456.3
04.00 Pm : Buy Nickel SA 1294.0 SL 1283.0 Target 1300.7 / 1311.7 / 1329.5
04.30 Pm : Short Silver SB 50689.0 SL 51147.0 Target 50409.6 / 49951.6 / 49209.7
04.30 Pm : Short Copper Apr SB 448.5 SL 450.7 Target 447.1 / 444.8 / 441.2

Positives & Negatives in the BUDGET 2011

Positives

* Excise duty to be reduced from 10% to 5% on parts of specified machinery
* Surcharge for companies cut to 5 per cent, from 7.5 per cent
* Citizens over 80 years to have exemption limit of Rs 5 lakh
* Special incentives for hybrid vehicle makers if manufacturing done in India to be positive for auto companies
* Crude palm used in sports exempted from customs duty to be positive for palm oil companies
* Duty reduced on hybrid & electric cars along with batteries imported for such vehicles
* Senior Citizen Age Limit reduced from 65 years to 60 years for Income Tax purposes
* The green orientation of the budget is a welcome positive
* Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent
* Direct investment in Indian Mutual Funds by any foreigner is a big move
* MFs allowed to raise money from foreign investors is pathbreaking
* Budget is positive for equity markets
* Lower fiscal deficit target is commendable
* No import duty on ship parts positive for SCI
* Tax exemption limit for senior citizens raised to Rs 2.5 lakh from 2.4 lakh
* Basic food and fuel and precious stones, gold and silver jewellery to be exempted from central excise duty
* Nominal 1 per cent central excise duty on 130 items entering the tax net
* LED to cost less
* Government has cut many import duties to check inflation
* No further rollback of 2008 stimulus

NEGATIVES


* AC restaurants serving liquor to come under service tax net
* Health Check-Ups in Private hospitals to become expensive
* EXPENSIVE: International Air Travel
* EXPENSIVE: Domestic Air Travel
* Tax on life insurance service providers could be negative for insurance companies
* Travel, Healthcare to become expensive due to increased service tax
* Lack of FDI in retail was a disappointment
* New service tax to hurt companies in hospitality
* Hike in export duty on Iron Ore is a negative
* Air travel to cost more
* Branded clothes may cost more
* Rise in MAT to hurt RIL, GVK Power, telcos
* FY 11 fiscal deficit above estimates, negative
* Divestment but no privatisation is timid
* Doubled anganwaadi wages with a check on absenteeism not good

HIGHLIGHTS OF INDIA UNION BUDGET - 2011

HIGHLIGHTS OF INDIA UNION BUDGET - 2011

• Personal Income Tax exemption limit hiked from Rs 1,60,000 to Rs 180,000.
• For senior citizens, tax exemption limit increased to Rs 2,50,000.
• For senior citizens above 80, the tax exemption limit has been raised to Rs 500,000.
• Eligibility age for senior citizens is now 60 years against 65 years earlier
• Exemption limit for women remains the same at Rs 2,40,000.
• Services sector continues to grow in double digits.
• Black money: Task force will be formed to deal with black money.
• Govt will start campaign against illicit funds.
• GoM has been formed to tackle corruption
• Money laundering cases to be dealt effectively
• Gross domestic product rose by 8.2 per cent for the December, 2010, quarter as against 7.3 per cent in the corresponding period of the previous year.
• Taxes, tariff procedures will be simplified
• To reconcile environment concerns, growth needs, Budget will set the tone for a vibrant Indian economy.
• Food inflation at 20.2 per cent in February
• Development of external sector has been encouraging
• Cutting bureaucratic delays, improving response times is a priority
• Direct Taxes Code will moderate rates and ensure better compliance.
• Current account deficit poses a concern.
• 13th Finance Commission has worked out fiscal consolidation roadmap.
• Agriculture growth at 5.4 per cent, industry at 8.1 per cent in 2010-11.
• Expect the average inflation to be down next year
• The high gap between wholesale and retail prices is unacceptable.
• Work is underway for states' goods and services tax
• Pilot portal to be set up before the roll out of GST in the country
• Significant progress on the GST network has been made.
• Government's principle concern is high food prices; food prices were high for cereals, there was a spurt in prices of onions and milk
• In current year, overall economic growth is expected at 8.6 per cent, agriculture growth at 5.4 per cent, Industry at 8.1 per cent and services 9.3 per cent
• The economy has shown remarkable resilience
• To introduce Public Debt Management Bill in 2012.
• States to cut down fiscal deficit to 3 percent of Gross State GDP by 2014.
• Goods and services tax rounds with states making considerable progress.
• Availability of fertilizers has improved post new policy.
• Working on ensuring better delivery for urea, kerosene.
• Nutrient based fertilizer policy for urea under consideration.
• FIIs allowed investing in MF schemes.
• FII limit in corporate bonds has been raised by $20 billion.
• FY12 Divestment target at Rs 40,000 crores (Rs 400 billion).
• FDI regulations consolidated into one comprehensive document.
• States to cut down fiscal deficit to 3 per cent of Gross State GDP by 2014.
• Cash subsidy for urea, kerosene.
• Mulling nutrient based subsidy policy for urea.
• LPG, kerosene and fertilizers will be transferred directly to BPL beneficiaries.
• New companies bill to be introduced in this session.
• Earmarked Rs 2,000 crore (Rs 20 billion) each for warehousing and manufacturing.
• More banking licenses to be given.
• To allocate Rs 6,000 crore (Rs 60 billion) for some PSU banks to help them maintain Tier-I capital at 8 per cent.
• To prevent fraud in loan cases: The govt has set up Central electronic Registry.
• Rural housing fund increased by Rs 1,000 crore (Rs 10 billion) to Rs 3,000 crore (Rs 30 billion).
• Rs 3,000 crore (Rs 30 billion) earmarked to National Bank for Agricultural and Rural Development for Handloom weavers.
• Cap infusion of Rs 20,157 crore (Rs 201.57 billion) in PSU Banks.
• Self-help group fund to empower women.
• Task force working on oil subsidy plans.
• Rs 600 crore (6 billion) to public sector banks to maintain mandatory cash reserve ratio.
• Liberalisation of FDI policy.
• Govt committed to retain 51 per cent holding in PSUs.
• Portfolio investment would be permitted in Sebi registered mutual funds from foreign subscriptions
• Liberalisation of foreign direct investment policy.
• Govt committed to retaining 51 per cent holding in PSUs.
• The domestic prod of edible oil only meet 50 per cent demand.
• Interest subvention of 1per cent extended from Rs 5 lakh crore (Rs 5 trillion) to Rs 20 lakh crore (Rs 20 trillion).
• 1 per cent interest subvention on home loans up to Rs 15 lakhs (Rs 1.5 million).
• Removal of bottlenecks in the transportation of essential food items.
• New companies bill to be introduced in this session.
• Earmarks Rs 2,000 crore (Rs 20 billion) each for warehousing and manufacturing.
• More banking licenses to be given.
• To allocate Rs 6,000 crore (Rs 60 billion) for some PSU banks to help them maintain Tier-I capital at 8 Per cent.
• To prevent fraud in loan cases: govt has set up Central Electronic Registry.
• Rural housing fund increased by Rs 1,000 crore (Rs 10 billion) to Rs 3,000 crore (Rs 30 billion).
• Rs 3,000 crore earmarked to NABARD for handloom weavers.
• New companies bill to be introduced.
• Rs 100 crore (Rs 1 billion) equity fund for MFIs.
• To provide Rs 300 crore (Rs 3 billion) to improve production of pulses.
• Agricultural credit limit raised to Rs 475,000 crore (Rs 4,750 billion).
• To provide Rs 300 crore to improve production of pulses.
• Allocation for farm development increased to Rs 7,860 crore (Rs 78.6 billion).
• Rs 300 crore for the allocation of fodder.
• Subvention of 3per cent on farmers paying loans before time.
• Allocation for farm development increased to Rs 7,860 crore (Rs 78.6 billion)
• Short term interest to farmers will continue to be at 7 per cent.
• New companies bill to be introduced.
• Rs 100 crore (Rs 1 billion) equity fund for MFIs.
• Financial sector reforms to move forward; Insurance amendment bill, LIC bill and Pension Development authority Bill to be presented in the current session
• Boost to infra development: Tax free bonds of Rs 30,000 crore (Rs 300 billion) to be introduced.
• Allocation for farm development rose to Rs 7,860 crore (Rs 78.6 billion).
• Storage capacity has been fast racked.
• 15 mega food parks to be set up.

Free Indian Equity/Commodity/Currency Stock Tips: 28.Feb.2010

* 09.25 Am : Buy DLF SA 215.2 SL 211.0 Target 217.8 / 222.0 / 228.8 (TA)
* 09.30 Am : Short M_M SB 591.2 SL 602.3 Target 581.1 / 573.2 / 555.1 (RP)
* 09.46 Am : Short Sesagoa SB 277.6 SL 284.0 Target 273.7 / 267.3 / 256.9 (NOE)
* 09.47 Am : Short Hindalco SB 196.4 SL 200.9 Target 193.7 / 189.2 / 181.9 (SLT)
* 09.54 Am : Short Tatamotors Fut SB 1070.4 SL 1096 Target 1054.8 / 1029.2 / 987.7 (RP)
* 09.58 Am : Short Gail SB 435.0 SL 439.0 Target 432.6 / 428.6 / 422.1 (TA)
* 10.25 Am : Short Tatasteel Fut SB 606.8 SL 611.0 Target 604.2 / 600.0 / 593.2 (TA)
* 10.48 Am : Short Jindalstel SB 650.8 SL 657.0 Target 645.2 / 640.8 / 630.8 (SLT)
* 11.20 Am : Buy Nifty Fut SA 5380 SL 5355 Target 5395/5420/5460
* 12.37 Pm : Short Aluminium SB 115.6 SL 116.2 Target 115.1 / 114.7 / 113.8
* 01.25 Pm : Buy Tatasteel SA 610.0 SL 606.2 Target 613.8 / 616.1 / 622.3
* 02.20 Pm : Short Relcapital SB 478.3 SL 486.0 Target 470.7 / 465.9 / 453.4
* 02.25 Pm : Short Tatamotors Fut SB 1086.0 SL 1111.0 Target 1070 / 1045 / 1005

Free Indian Equity/Currency/Commodity Stock Tips: 25.Feb.2011

* 09.30 AM : Buy GAIL SA 441.50 SL 434.50 Target 445.77 / 452.77 / 464.11
* 9.36 AM : Buy ICICIBANK SA 978.00 SL 948.40 Target 996.06 / 1025.66 / 1073.61
* 9.36 AM : Buy BANKINDIA SA 426.90 SL 412.20 Target 435.87 / 450.57 / 474.38
* 9.36 AM : Buy RANBAXY SA 448.15 SL 438.40 Target 454.10 / 463.85 / 479.64
* 9.43 AM : Buy BANKNIFTY Fut SA 10382.00 SL 10234.00 Target 10472.28 / 10620.28 / 10860.04
* 9.44 AM : Buy TATAMOTORS Fut SA 1079.85 SL 1049.40 Target 1098.42 / 1128.87 / 1178.20
* 9.44 AM : Buy TATAMOTORS SA 1091.10 SL 1051.75 Target 1115.10 / 1154.45 / 1218.20
* 09.48 AM : Buy BHARTIARTL SA 328.10 SL 323.30 Target 331.03 / 335.83 / 343.60 (TA)
* 10.25 Am : Buy NIFTY SA 5340.00 SL 5284.00 Target 5374.16 / 5430.16 / 5520.88
* 10.20 Am : Buy IDBI SA 129.2 SL 127.3 Target 130.3 / 132.1 / 135.1
* 10.40 AM : Buy SESAGOA SA 283.2 SL 281.6 Target 284.2 / 285.8 / 288.4 (SLT)
* 10.25 AM : Buy RELCAPITAL SA 452.4 SL 444.8 Target 457.0 / 464.6 / 476.9
* 11.00 AM : Buy JINDALSTEL SA 634.5 SL 631.0 Target 636.6 / 640.1 / 645.8 (SLT)
* 11.15 AM : Short HINDALCO SB 196.5 SL 201.5 Target 193.4 / 188.3 / 180.1
* 11.15 AM : Short BHARTIARTL SB 328.4 SL 331.0 Target 326.7 / 324.1 / 319.8
* 11.15 AM : Short Nifty Fut SB 5309.0 SL 5329.0 Target 5296.8 / 5276.8 / 5244.4
* 11.15 AM : Short Tatasteel SB 598.6 SL 601.4 Target 596.8 / 594.0 / 589.3 (SLT)
* 12.30 Pm : Buy Nifty SA 5325.0 SL 5308.0 Target 5335.4 / 5352.4 / 5379.9
* 12.35 Pm : Buy Hindalco Fut SA 201.7 SL 198.3 Target 203.8 / 207.2 / 212.7
* 01.43 Pm : Short Nifty Fut SB 5292.0 SL 5340.0 Target 5262.7 / 5214.7 / 5137.0

* 1:47 PM 2/25 1.46 Pm : Short Tatamotors SB 1093.0 SL 1106.0 Target 1085.1 / 1072.1 / 1051.0
* 01.50 PM : Short ICICIBANK Fut SB 982.0 SL 994.0 Target 974.7 / 962.7 / 943.2

Free Calls : 24.02.2011

Short Ranbaxy Sb 449.05 SL 452.85 Target 446.73 * 442.93 * 436.78
Short Tatasteel Sb 616.50 SL 623.75 Target 612.08 * 604.83 * 593.08
Short M_M Sb 637.00 SL 641.55 Target 634.22 * 629.67 * 622.30
Short Jindalstel Sb 662.55 SL 671.35 Target 657.18 * 648.38 * 634.13
Short Gail Sb 441.00 SL 446.00 Target 437.95 * 432.95 * 424.85
Short Relcapital Sb 449.10 SL 459.30 Target 442.88 * 432.68 * 416.15
Buy DLF SA 222.15 SL 220.45 Target 223.19 * 224.89 * 227.64
Short DLF Sb 221.95 SL 223.65 Target 220.91 * 219.21 * 216.46
10.54 Am : Short copper Sb 443.45 SL 448.50 Target 440.37 * 435.32 * 427.14
06.30PM : Buy Copper SA 433.40 SL 425.35 Target 438.31 / 446.36 / 459.40

Free Intraday Stock Tips: Feb.10.2010

* 11.00Am: Buy ICICIBANK SA 969 SL 957 TGT 976/985
* 11.00Am: Buy KOTAKBANK SA 358 SL 347 TGT 364/370

Free Intraday Stock Tips: Feb.9.2011

12.00PM: Buy IDBI SA 130.3 SL 126 TGT 135/138

Indian Stock Tips: 8.02.2011

* 10.00 Short SESAGOA SA 319.8 SL 323.5 TGT 317/312
* 10.45 Buy BHARTIARTL SA 338.4 SL 333.7 TGT 344/350
* 11.00 Short TATAMOTORS SB 1133 SL 1160 TGT 1110/1098

Free Indian Intraday/Delivery Stock Tips: 7.02.2010

* 11.45Am: Buy TATASTEEL SA 646 SL 640 TGT 655/660

Free Calls :Equity,Currency And MCX Commodity 02.02.2011.

09.50Am : Buy Icicibank Sa 1011 SL 1001 T 1020/1030/1037
10.40Am : Buy Nifty Sa 5491 SL 5478 T 5516/5550/5600
10.50Am : Buy Kotakbank Sa 386 SL 380/390/395
10.50Am : Buy Tatasteel Sa 630 SL 625 T 633/635/640
11.05Am : Buy Hindalco Sa 235 SL 232 T 236.85/240

Free Calls :Equity,Currency And MCX Commodity 01.02.2011.

09.30Am : Buy Bhariartl Sa 326 SL 322 Target 329/331/334
09.40Am : Buy Tatasteel Sa 641 SL 636 Target 645/650
09.40Am : Buy M_M Sa 719 SL 712 Target 727/735/742
09.43Am : Buy Kotakbank SA 391 SL 387 Target 395/400
09.45Am : Short Icicibank Sb 1000 SL 1012 Target 989/980
10.38Am : Short Bankindia Sb 438 SL 441 Target 434/430
10.50Am : Buy Dlf Sa 225 SL 222 Target 227/230
11.13Am : Buy Nifty Sa 5461 SL 5432 Target 5482/5515
02.48Pm  : Buy JindalStel Sa 637.50 SL 629.50 Target 645/650

Free Calls :Equity,Currency And MCX Commodity 31.01.2011.

09.30Am : Buy Gail Sa 460 SL 455 Target 464/472
10.00Am : Buy IciciBank Sa 1018 SL 1005 T 1030/1040/1060
10.30Am : Buy IDBI Sa 140 SL 138.70 T 141.2/143
10.30Am : Buy Hindalco SA 222.8 SL 220 Target 226/230
01.30Pm : Short Gold Sb 20185 SL 20281 T 20128/20085/20000
04.00Pm : Buy Crudeoil Sa 4150 SL 4113 T 4164/4174/4200
06.30Pm : Buy Silver Sa 43200 SL 42780 T 43350/43600

Free Calls :Equity,Currency And MCX Commodity 25.01.2011.

09.30Am : Buy TATAMOTORS Sa 1197 SL 1188 T 1205/1210
09.30Am : Buy Divislab Sa 633 SL 629 T 638/642
09.30Am : Buy Dlf Sa 258.20 SL 255 T 261.50/263
09.30Am : Short Tcs Sb 1212 SL 1217 T 1207/1200
12.15Pm : Short ITC Sb 169.30 Sl 170.40 T 167/165
01.30Pm : Buy ICICIBANK Fut Sa 1065 SL 1055 T 1075/1085/1095
01.30Pm : Buy Banknifty Fut Sa 11110 SL 10980 T 11200/11300
03.30Pm : Buy Aluminium Sa 108.80 SL 108.30 T 109.30/110

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Free Calls :Equity,Currency And MCX Commodity 24.01.2011.

11.15 AM : SHORT KSOILS SB 41.90 SL 42.30 TGT 41.20/40.30
11.45 AM : BUY RELCAPITAL SA 586 SL 582 TGT 594/600
12.00 PM : BUY BHARTIARTL SA 335 SL 333 TGT 338/342
12.15 PM : Short DLF Sb 253.50 SL 256 T 251/249
01.30 PM : Short Lead Fut Sb 113.40 SL 114 T 112.90/112
01.31 PM : Short Zinc Fut Sb 106.15 SL 107.35 T 105.65/105
01.35 PM : Short Crudeoil Fut Sb 4103 SL 4111 T 4093/4083
02.30 PM : Short Gold Sb 20102 SL 20139 T 20070/19972
03.00 PM : SHORT SILVER SB 42960 SL 43244 TGT 42225/41980

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Free Calls :Equity,Currency And MCX Commodity 21.01.2011.

Delivery Buy ORIENTBANK SA 372 SL 340 TGT 420/480
Delivery Buy PNB @ 1156-1160 SL 1100 TGT 1200/1250
09.45Am : Short Nifty Fut Sb 5700 SL 5725 T 5680/5655/5600
09.45Am : SHORT TATAMOTORS SB 1182 SL 1198 TGT 1166/1155
09.30Am : Buy USDINR Sa 45.7325 SL 45.68 T 45.83/45.9
12.00Pm : Buy Nickel Sa 1173 SL 1183 T 1169/1160/1150
12.40Pm : BUY HINDALCO SA 235 SL 234 TGT 237/240
01.00Pm : Short Tatasteel Fut Sb 624 SL 629 T 620/616

FREE CAllS : 20.01.2011

12.00Pm: Short Tatasteel Fut sb 634 SL 638.20 Target 630/624.
12.15Pm: Short Hindalco sb 234.7 SL 238 TGT 229/224.

Free Call : 19.01.2011

11.55Am : Positional : Buy Nifty Fut 5742 SL 5673 Target 5791/5865/5985.
12.15Pm : Positional Buy: Banknifty SA 10700 SL 10530 Target 10798/10960/11200.