Tuesday, October 20, 2009

BOR: Market Outlook: Indian markets may have positive opening today on account of strong global cues.

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, Prakash Ind, TVS Electronics

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; Shanghai Composite; Nikkei up. The US markets rallied to new 2009 highs on earnings optimism. The Dow was up about 100 points, on the back of investors' optimistic about the earnings expected going ahead. The S&P 500 closed just shy of the 1100 mark. In important earnings from the US, Apple's profit and sales beat analysts' forecasts. The company reported fourth quarter earnings at nearly 2 dollars a share, up from little over a dollar per share in the same period last year. This was above analyst estimates of around 1.4 dollars per share. Shares of apple jumped more than 7% to exceed 200 dollar mark and hit all-time high in extended trading

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 okays introduction of monthly WPI series

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 India on GDR / FCCB / rights issue & Nu Tek India on stock split

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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