Market Outlook: Indian markets may have positive opening today on account of strong global cues. Nifty has supports at 5050-5070 and resistances are at 5200– 5250. Overall the trend is still intact UP but we would not rule out VOLATILITY as the market is at a very crucial juncture, one should wait & enter at every fall. Result specific action can be seen
Results today: Sesa Goa, Tech Mahindra, Apollo Tyres, GATI, Polaris, Radico Khaitan, Sterlite Tech, Subex, JK Paper, Nectar Life,
Global events to watch for today:
- ICSC-Goldman Store Sales
- US Housing Starts
- Producer Price Index
- 4-Week Bill Auction
- 52-Week Bill Auction
Global indices Update @ 9:
Dow Jones : 10092 (+96.28)
Nasdaq : 2176 (+19.52)
Nikkei 225 : 10347 (+111.07)
Hang seng : 22309 (+109.01)
SGX CNX Nifty : 5179 (+32.5)
INR / 1 USD : 46.16
On the global counter: S&P 500 hits 1100 for the 1st time since Oct 2008 andAsia trading higher;
Stocks in action for the day: NTPC, RIL, REC, HOEC, HCL Info, TCS
Alert: SC to hear RIL-RNRL gas case today
NTPC FPO to happen in next three months: -No fresh shares to be issued in NTPC FPO -5% Government equity in NTPC on offer for all category of investors -Alert: Govt currently holds 89.5% stake in NTPC-Alert: NTPC issue size likely to be around $2 billion -REC FPO decision to happen by December-Expect REC offer to hit market by March 2010 -Satluj Vidyut Nigam IPO in next 90 days
Commerce Ministry: Base year for WPI changed to 2004 vs 1993 -Cabinet
Unitech Wireless-Telenor deal: CCEA clears Unitech Wireless-Telenor deal -Telenor gets CCEA nod to hike stake in Unitech Wireless -Telenor to hold 67.2% in Unitech Wireless Tamil Nadu
HCL Info: -Bags new order worth over Rs 500 crore -To raise Rs 473 crore via QIP issue, floor price Rs 152.7/share
Board meets:-Brushman
1.13 crore L&T QIP shares to hit the market
2.01 crore Gammon India shares to hit the market ((issued on amalgamation))
REC board approves follow-on-issue of shares
Allied Digital QIP closes, company raises Rs 231.4 crore
HOEC begins production of natural gas from PY-1 field
Aban still in NSE F&O curb, Ispat comes out
Emkay Global board approves foray into investment banking business
Surana Telecom board meeting on October 24 on demerge of solar business
Datamatics Global acquires IT & IT-enabled services division of German company
Responsive Industries board approves FCCB / ADR / GDR / QIP issue up to $150 million
Henkel to sell Kolkata unit
Trading in Nova Petro to be suspended from today ((scheme of arrangement))
TCS Q2 QoQ: -Revenues at Rs 7435.1 crore versus Rs 7207 crore versus Volume growth of 4.97%, pricing hit by 1.93% -Net profit at Rs 1623.9 crore versus Rs 1520.3 crore Forex losses of Rs 113 crore versus Rs 84 crore -EBIDTA Margins at 26.3% versus 24.8%
TV18 Q2 Consolidated: -Revenue at Rs 124 crore versus Rs 130.2 crore ((Above expectaion)) EBITDA loss of Rs 1.04 crore versus Gain of Rs 9.33 crore -OPM of -0.84% versus 7.17% -Net loss of Rs 66.102 crore versus Rs 27.551 crore ((Infomedia 18 numbers were added in Q2FY09))
IBN18 Consolidated Q2 YoY: -Revenue at Rs 136.1 crore versus Rs 30.7 crore -EBITDA loss of Rs 37.4 crore versus Rs 10.1 crore -Net Loss of Rs 82.3 crore versus Rs 18.9 crore
NETWORK 18 Q2 YoY: -Revenue at Rs 282.9 crore versus Rs 215.4 crore -EBITDA loss of Rs 41.4 crore versus Gain of Rs 23.5 crore ((OPM 10.54%)) -Net loss of Rs 83.36 crore versus Rs 16.77 crore
Emkay Global Q2: Net sales at Rs 27.68 crore versus Rs 26.55 crore Net profit at Rs 2.32 crore versus Rs 26 lakh OPM at 18.3% versus 11.3%
Monsanto Q2: -Net Revenue At Rs 69.33 crore versus Rs 78.80 crore -Net Loss At 4.59 crore versus net profit of Rs 15.71 crore
Ambalal Sarabhai – MISS (qtrly results ending March 31st): -Net sales at Rs 16.28 crore versus Rs 18.05 crore -Net loss at Rs 109.8 crore versus loss of Rs 10.36 crore -EBIT at loss of Rs 97.46 crore versus loss of 10.5 crore -Other expenditure includes Rs 81.65 crore due to bad debts written off
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