Market Outlook: Indian markets may have flat to negative opening today on the back of mixed cue from the global peers. Nifty has supports at 4500-4550 and resistances are at 4650-4700. Nifty is expected trade in a broad range of 4450-4650.
Nifty Outlook: Pivot Point: 4614
R1: 4662, R2: 4741, R3: 4789
S1:4535, S2: 4487, S3: 4408
Results today: Power Finance, SCI, Page Industries
Indian ADRs: Satyam down 15%, MTNL down 8%, Wipro down 5%, HDFC Bank down 3%
On the global front: Wall Street ends flat; Dow up 28 points while Asia trading lower; Hang Seng, Nikkei down. It was a lacklustre session for the US markets. The benchmark indices closed Friday trade flat. In stock action, Bank of America shares rallied, but technology, energy and commodities retreated after crude prices slipped. The Dow gained 28.34, or 0.3%. Nasdaq shed 3.57 points, or 0.2% while the S&P 500 added 1.32 points, or 0.1% on a weekly basis too, the market closed with very modest gains.
Stocks in Action for the day: Wockhardt, Suzlon, Pfizer, Nalco, L&T
Wockhardt:-Close to selling France-Based Negma Laboratories-Looking to sell Ireland-Based Pinewood Labs Alert:-Sale of Negma, Pinewood Labs part of CDR (corporate debt restructuring) process-Wockhardt to repay debt worth Rs 3,100 crore
Indian Hotels:-To buy stake in Elel Hotels for Rs 680 crore-Alert: Elel Hotels is the holding company of Sea Rock Hotel-To fund Sea Rock Hotel buy via rights issue proceeds-Not to mount hostile bid for Orient Express Hotels
Pfizer: -Pfizer near deal to acquire Wockhardt’s biotechnology and veterinary division – Mint -Pfizer's open offer for 34% in its Indian arm to begin today
L&T-L&T plans to end insurance JV with Travelers. -L&T buys out Demag from JV – BS
Board meets:-Ansal Properties on fund raising-Flawless Diamond on issue of shares / convertible warrants on pref basis
Indian Hotels FY09 Standalone-Net sales at Rs 1,534.03 crore versus Rs 1,764.51 crore-Net Profit at Rs 234.03 crore versus Rs 377.46 crore
Bombay High Court to pronounce final judgment on RIL-RNRL case today
Suzlon seen in talks to sell Hansen stake.
Hindalco in talks with lenders to recast bank covenant
Nalco raises aluminium prices by Rs 5000/t:
Nahata to exit Datacom, sell stake to Videocon.
MTN may take GDR route for 25% stake in Bharti Airtel
Maytas Infra, lenders may soon seal debt-recast deal
TCS, Wipro eye $200 million BPO deal from UK’s RMG
Pricing cloud over GMR Infra QIP issue
Rishabhdev public issue subscribed 7.76 times.
Thomas Cook parentage may change hands, German courts put Arcandor 52.8% stake on block
SBI reduces deposit rates by 25 bps effective today
Bajaj Holdings board approves issue of up to 1.01 crore convertible warrants to promoters on pref basis
Tulip Telecom promoter Cedar Infonet pledges 14.14% stake in company
NSE bars further F&O positions in Dish TV as 95% of market wide limit reached
F&O cues: Futures Open Int down by Rs 1347 cr
Futures Open Int down by Rs 1,347 crore, Options Open Int up by Rs 974 crore
Nifty June Futures shed 2.4 lakh; July Futures add 97,000 shares in Open Int
Nifty June at 5-pt premium, Futures Open Int remain unchanged
Nifty Open Int Put Call Ratio at 1.09 versus 1.17
Nifty IVs at 37-39% levels
Nifty Puts shed 8.95 lakh, Calls add 21.5 lakh shares in Open Int
Nifty 4700 Call adds 9.15 lakh shares in Open Int
Nifty 4600 Call adds 3.7 lakh shares in Open Int
Nifty 4800 Call adds 2.93 lakh shares in Open Int
Nifty 4400 Put sheds 5.31 lakh shares in Open Int
Stock Futures shed 3.5 cr shares in Open Int
JSW Steel up 11%, adds 5.8 lakh shares in Open Int
Union Bank up 4.1%, adds 3.9 lakh shares in Open Int
BOB down 2.4%, adds 1.75 lakh shares in Open Int
HCC down 7% adds 8.23 lakh shares in Open Int
GMR Infra up 1.4%, adds 39 lakh shares in Open Int
S Kumars up 5.3%, adds 4.4 lakh shares in Open Int
SBI down 3.5%, adds 4.3 lakh shares in Open Int
Alok Text down 5.7%, adds 13.3 lakh shares in Open Int
Sesa Goa up 5.6%, sheds 40.5 lakh shares in Open Int
PTC up 1.3%, sheds 7.94 lakh shares in Open Int
Moser Baer down 4% sheds 6.53 lakh shares in Open Int
LITL down 7.4%, sheds 5.2 lakh shares in Open Int
Voltas down 4.5%, sheds 3 lakh shares in Open Int
Chambal Fert down 4.8%, sheds 10.5 lakh shares in Open Int
I'Bulls Real up 2%, sheds 17.5 lakh shares in Open Int
Nifty Outlook: Pivot Point: 4614
R1: 4662, R2: 4741, R3: 4789
S1:4535, S2: 4487, S3: 4408
Results today: Power Finance, SCI, Page Industries
Indian ADRs: Satyam down 15%, MTNL down 8%, Wipro down 5%, HDFC Bank down 3%
On the global front: Wall Street ends flat; Dow up 28 points while Asia trading lower; Hang Seng, Nikkei down. It was a lacklustre session for the US markets. The benchmark indices closed Friday trade flat. In stock action, Bank of America shares rallied, but technology, energy and commodities retreated after crude prices slipped. The Dow gained 28.34, or 0.3%. Nasdaq shed 3.57 points, or 0.2% while the S&P 500 added 1.32 points, or 0.1% on a weekly basis too, the market closed with very modest gains.
Stocks in Action for the day: Wockhardt, Suzlon, Pfizer, Nalco, L&T
Wockhardt:-Close to selling France-Based Negma Laboratories-Looking to sell Ireland-Based Pinewood Labs Alert:-Sale of Negma, Pinewood Labs part of CDR (corporate debt restructuring) process-Wockhardt to repay debt worth Rs 3,100 crore
Indian Hotels:-To buy stake in Elel Hotels for Rs 680 crore-Alert: Elel Hotels is the holding company of Sea Rock Hotel-To fund Sea Rock Hotel buy via rights issue proceeds-Not to mount hostile bid for Orient Express Hotels
Pfizer: -Pfizer near deal to acquire Wockhardt’s biotechnology and veterinary division – Mint -Pfizer's open offer for 34% in its Indian arm to begin today
L&T-L&T plans to end insurance JV with Travelers. -L&T buys out Demag from JV – BS
Board meets:-Ansal Properties on fund raising-Flawless Diamond on issue of shares / convertible warrants on pref basis
Indian Hotels FY09 Standalone-Net sales at Rs 1,534.03 crore versus Rs 1,764.51 crore-Net Profit at Rs 234.03 crore versus Rs 377.46 crore
Bombay High Court to pronounce final judgment on RIL-RNRL case today
Suzlon seen in talks to sell Hansen stake.
Hindalco in talks with lenders to recast bank covenant
Nalco raises aluminium prices by Rs 5000/t:
Nahata to exit Datacom, sell stake to Videocon.
MTN may take GDR route for 25% stake in Bharti Airtel
Maytas Infra, lenders may soon seal debt-recast deal
TCS, Wipro eye $200 million BPO deal from UK’s RMG
Pricing cloud over GMR Infra QIP issue
Rishabhdev public issue subscribed 7.76 times.
Thomas Cook parentage may change hands, German courts put Arcandor 52.8% stake on block
SBI reduces deposit rates by 25 bps effective today
Bajaj Holdings board approves issue of up to 1.01 crore convertible warrants to promoters on pref basis
Tulip Telecom promoter Cedar Infonet pledges 14.14% stake in company
NSE bars further F&O positions in Dish TV as 95% of market wide limit reached
F&O cues: Futures Open Int down by Rs 1347 cr
Futures Open Int down by Rs 1,347 crore, Options Open Int up by Rs 974 crore
Nifty June Futures shed 2.4 lakh; July Futures add 97,000 shares in Open Int
Nifty June at 5-pt premium, Futures Open Int remain unchanged
Nifty Open Int Put Call Ratio at 1.09 versus 1.17
Nifty IVs at 37-39% levels
Nifty Puts shed 8.95 lakh, Calls add 21.5 lakh shares in Open Int
Nifty 4700 Call adds 9.15 lakh shares in Open Int
Nifty 4600 Call adds 3.7 lakh shares in Open Int
Nifty 4800 Call adds 2.93 lakh shares in Open Int
Nifty 4400 Put sheds 5.31 lakh shares in Open Int
Stock Futures shed 3.5 cr shares in Open Int
JSW Steel up 11%, adds 5.8 lakh shares in Open Int
Union Bank up 4.1%, adds 3.9 lakh shares in Open Int
BOB down 2.4%, adds 1.75 lakh shares in Open Int
HCC down 7% adds 8.23 lakh shares in Open Int
GMR Infra up 1.4%, adds 39 lakh shares in Open Int
S Kumars up 5.3%, adds 4.4 lakh shares in Open Int
SBI down 3.5%, adds 4.3 lakh shares in Open Int
Alok Text down 5.7%, adds 13.3 lakh shares in Open Int
Sesa Goa up 5.6%, sheds 40.5 lakh shares in Open Int
PTC up 1.3%, sheds 7.94 lakh shares in Open Int
Moser Baer down 4% sheds 6.53 lakh shares in Open Int
LITL down 7.4%, sheds 5.2 lakh shares in Open Int
Voltas down 4.5%, sheds 3 lakh shares in Open Int
Chambal Fert down 4.8%, sheds 10.5 lakh shares in Open Int
I'Bulls Real up 2%, sheds 17.5 lakh shares in Open Int
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