Tuesday, August 25, 2009

BOR: Market Outlook: Indian markets may have flat to negative opening today tracking weakness across overseas markets.

Market Outlook: Indian markets may have flat to negative opening today tracking weakness across overseas markets. Some amount of volatility is on the cards given that the F&O expiry is due later this week.Nifty has supports at 4550-4580 & resistances are at 4730. Markets are expected to consolidate today with upward biases.

Nifty Outlook: Pivot Point: 4612

R1: 4687, R2: 4731, R3: 4806

S1: 4567, S2: 4492, S3: 4448

On global counter: Wall Street ends flat; financial stocks plunge & Asia trading lower; Shanghai down 2.9%, Hang Seng down 1.5%. The rally on Wall Street fizzled on Monday, snapping a four-day winning streak. The broader market was led higher by financial stocks in early trade, but the sector faltered in late trade, after analyst Dick Bove said 150 to 200 more US banks are going to fail before it's all over. The Dow gained 3.32 points, or 0.1%, to 9,509.28. The S&P 500 index fell 0.56 points, or 0.1%, to 1,025.57, while the Nasdaq Composite Index fell 2.92 points, or 0.1%, to 2,017.98.

Stocks in action for the day: Bharti, Aban, NTPC, Puravankara, HCL Tech

Results today: HCL Tech FY09 ended June 30

Bharti-MTN deal update: :-RoC (Registrar of Companies) to scrutinise proposed GDR (global depositary receipt) issue before final SEBI nod -Alert: Bharti proposes to issue 25% equity through GDRs to MTN ((Top Bharti-MTN executives call on Indian Govt Ministers))

Reliance Communication: -Company plans to invest Rs 1,000 crore in Rural Telecom Infra -Company's investment to boost fibre optic, hybrid data network -Company may add 15,000 kilometers fibre optic capacity-Alert: Reliance Communication's current fibre optic capacity at approximately 1.75 lakh KM

Oil India: -Govt panel sets Oil India IPO price band at Rs 950-1,050/share -Alert: Oil India IPO to open on September 7, close September 11 -Govt to get up to Rs 2,205 crore from Oil India IPO -Company to raise up to Rs 2,770 crore via IPO

Board meets:
-Pyramid Saimira on issue of securities, de-merger of subsidiary
-Greenply Industries on terms of rights issue
-Bhandari Hosiery on rights issue

Indiabulls Property: -Indiabulls Property Investment Trust files for S$200 million rights issue
-Alert: Indiabulls Property Investment Trust is a REIT listed at SGX -New units to be issued to existing shareholders including IBREL -Primary purpose of rights issue is to repay/prepay loans -No firm decision taken on rights issue: IPIT To SGX

Power Secretary says NTPC may build Iran power plant: DJ ((at least 4000 MW capacity, cost Rs 20,000 crore))

Finance Ministry wants 2G spectrum allocation halted

Delhi based
Raheja developers plans to raise Rs 1000 crore via IPO

Shriram City Union Finance open offer at Rs 400/share, opens on August 27 ((CMP Rs 390))

Puravankara, Mexico’s Homex in JV talks for affordable housing

BMC Turns the Powai lake tap off for
L&T because of depleting storage levels in Mumbai’s reservoirs

Aban Offshore still in NSE F&O curb

F&O cues: Total Futures Open Int up by Rs 1616cr

Total Options Open Int down by Rs 79 crore

Nifty up 1.7%, Futures Open Int up 2%

Nifty August Fut trading at 7-pt premium versus 3-point prem

Stock Futures add 2.2 crore shares in Open Int

Nifty Open Int Put Call Ratio up from 1 to 1.09

Nifty Puts add 20.2 lakh shares

Nity Calls shed 25 lakh shares

Nifty IVs at 30-34% levels

NIfty 4500 Put adds 7 lakh shares in Open Int

Nifty 4400 Put adds 4.8 lakh shares in Open Int

Nifty 4600 Put adds 3.8 lakh shares in Open Int

Nifty Sept 4300 Put adds 3.3 lakh shares in Open Int

Nifty Sept 5000 Call adds 2.5 lakh shares in Open Int

Nifty Aug 4700 Call sheds 3.9 lakh shares in Open Int


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