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
Today Economic News : 09.03.2011
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.
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.
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 benchmarkYamada, 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
* Morgan Stanley cuts India's FY12 growth estimate
*
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.
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.
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 / 60309.35 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
* 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
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
* 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.
• 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
* 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
* 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
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
* 11.00Am: Buy KOTAKBANK SA 358 SL 347 TGT 364/370
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
* 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
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
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
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