Market Report

 BSE gets Sebi nod for SME Exchange

NMDC, Severstal to sign JVA for 3-MTPA steel unit by December

Nissan-Leyland JV to tap India’s growing commercial vehicle market

Pipavav Defence, Skil, Airbus to set up MRO unit

Punj Lloyd gets Rs 1,195 crore worth thermal power contract

TTK Prestige mulls merger to expand kitchenware business

GlobalLogic acquires USbased consultancy firm Method

Gitanjali Gems to invest Rs 1.5b in multibrand retail

Kingfisher to exit low-fare segment, Mallya says

NTPC gets Rs 2,341-cr loan for 390-Mw power plant

IDFC to raise at least Rs 100 cr via infra bonds

Market Report

Markets end up 3% up as world indices climb

ONGC gives nod for CairnVedanta deal

Glenmark US arm gets tentative USFDA nod for migraine tablets

ABG Ports, Singapore’s PSA win Rs 6,700 cr JNPT project

GMR wins Rs 6000 crore project to widen roads

Areva TD bags Rs 40 cr solar power contract from RPower

Anil confirms plan to sell Reliance Infratel

Lodha Developers to raise Rs 825 cr via NCDs

Supreme Infra constructs 4-lane project in Maharashtra

ADAG mulls stake sale in Rel Cap AMC to Nippon

Block deal in Pantaloon Retail; stock gains 5.8%

Hitachi, SFO Technologies to set up JV in India

JSW Steel may shut plant if ore supply did not improve

Kotak Group gets more time to dilute 11% stake in ACE

Dabur to spend USD15m on new beverage venture in Sri Lanka

Cognizant acquires assets of Zaffera LLC

Market Report

Rahul Bajaj sells 5.6 lakh shares of Bajaj Auto to son

$1.65 bn rights issue initiated by India JV: Telenor

Dr Reddy’s, JB Chem scrap Rs137 crore deal for prescription biz

MDL-Pipavav Shipyard JV for making warships put on hold

Govt nod for transfer of equity in DLF Pune SEZ

GMR Infra sell 30 pct in Singapore unit to Petronas

PG Electroplast ends with 119% premium on debut

GE pumps in $200 mn to set up manufacturing unit at Pune

JSW Steel cuts output to 30 pct on ore supply woes

Market Report

Forex reserves up $266 mn to $316.76 bn

Sebi notifies new takeover norms; open offer trigger at 25%

Moody's downgrades Greek banks

Venus Capital buys 5 lakh shares of LGS Global

Birla hints at upping stake in Hindalco

SCI to invest Rs 3700cr on 24 new vessels

RBI allows banks, NBFCs to set up infra debt funds

DQE signs deal with SMC Entertainment

Ogone Payment Services signs deal to acquire EBS

Ind Swift Lab gets Australia's nod for its Dera Bassi plant

Market Report

Markets dive 4.1% on global gloom; biggest fall in 2 years

Investors lose Rs 2.15 lakh crore in market meltdown

L&T Hydrocarbon bags order worth Rs700 crore in Oman

IVRCL wins orders worth Rs2,228 crore

PG Electroplast to list equity shares on September 26

Tata Communications, yuMobile ink strategic sourcing deal

Mahindra to raise tractor prices by 1.5%

SBI doubles overseas borrowings to $10 bn

ABB bags $71 mn order from SAIL

NMDC dips toes in Australian waters

Market Report

Markets end down 0.3%; Fed decision awaited

Stronger balance sheet, NBFC set-up key for Jain Irrigation

Mercator Lines buys 50% stake in Indonesia coal mine

TVS and Sons inaugurates 18th facility in TN

Bharti, Suzuki, SAIL pay lower advance tax

HCL inks 5 year deal with Deutsche Bank’s capital markets arm

DLF, 3C likely to sell Noida IT park to IDFC for Rs 500cr

IDFC to raise Rs 5,000cr through taxsaving infra bonds

NDTV-Hindu in sale talks with Tamil daily

Market Report

Markets rise 2.1%; techs lead gains on weak rupee

IMF trims growth forecasts for India, China

Reliance’ KG-D6 gas output dips below 45 mmscmd

Everonn Education sells 12% stake to Varkey group

HCL to set up software delivery centre in Dublin

Hancock Deal: GVK to invest $6 bn for asset development

Decision on NMDC offer to buy 50% stake in Legacy today

PFS to own stake in Singapore's Asian Genco

L&T's shipyard to become operational by January 2012

HAL to divest 10% stake in Nasil airport

Market Report

Markets end 1.1% lower on weak global cues

GTL lenders approve $1 bn debt restructure: sources

L&T wins Rs 1,015 cr orders in Q2

Tata's Jaguar Land Rover picks UK for new plant

Govt clears Vodafone's stake buy in JV with Essar

Kavveri Telecom signs 10 years agreement

Government clears FDI proposals worth Rs243 crore

Received approval from DGCA to resume operations: Paramount

Nifty View:- Put Call Ratio of Index Options increases to 1.20 (prev day 1.09). Though the total built up in put options has outnumbered the calls, we must not ignore the fact there has been significant increase in the open interest of Calls upto 5300.

Market Report

FDI dips 38% to $1.09 billion in July

NTPC to invest Rs41,000 cr in 4 projects in MP, Chhattisgarh

IIFCL, LIC, IDFC sign MoU on takeout financing

Alfa Laval India to consider delisting today

Wisdomtree Trust buys 8.78 lakh shares of Uflex

Wisdomtree Trust buys 30 lakh shares of HDIL

ONGC's Rs 12000 cr FPO put on hold: FinMin

SRS ends 44% lower on Day 1

Jet Airways raises airfares

Axis Bank approves Enam deal; to get $57 mn from unit

BGR Energy lowest bidder in $761 mn contract

India's GVK in $1.2b coal deal with Hancock

Nifty View-The Options data is skewed in favour of bearish bias with higher increase in open interest of Put Options. The put call ratio of the Index Options decreased marginally to 1.09 (previous day 1.13).

Avoid long positions in Nifty.One can consider going short when Nifty Future trades below 5040 with stop loss of 5090. The fall will accelerate when Nifty Future trades below 5000. On the down side, it will find support at 4950. Consider long only above 5110 with a SL of friday's closing.

Near term view for the Auto Sector.

The hope of auto makers to sell more vehicles during festive season is shattered by the fuel price and the interest rate hikes.More pain for them with regards to the Workers Union woes.Better to stay away from them for the time being.Long term investors may get a wonderful chance to enter into them at a much lower level.

Market Report

Techs, banks help lift markets 1%

Petrol prices to be raised by 3.14 rupees from today

Advance tax mop-up jumps 18%; RIL, TCS on top, SBI slips

Power Finance to sell Rs 69 bn of tax-saving bonds

NSE mulls tie-up with European bourses

Tecpro Systems bags order worth Rs 521cr; stock up 2%

BGR Energy lowest bidder for NTPC's 800 MW tender

SRS to list shares today

Jyoti Structures acquires 50 pct stake in Lauren Engineers

Oil companies hike ATF price by 2.5%

Infosys close to acquiring Thomson Reuters healthcare unit

IOC plans to invest $1.87 bn to up Koyali refinery capacity

InMobi raises $200 mn from Japan’s Softbank

Maruti Suzuki to stop production from today as strike spreads

M&M to sell 8.09% stake in Mahindra Holiday & Resorts

Nifty View- What happens in Europe? We were hearing just 2 days back that every thing is in bad shape. How the feel good factor appeared over night? Fundamentals have been changed over night? Difficult to perceive. Europe's effort to cover up all the black spots is very very alarming.

 At our domestic front. Petrol price hiked after market hour and the EGOM meeting today may decide the LPG subsidy. Now the million dollar question is what RBI will do today? Lot of speculation is there that RBI may take a pause today and Market will blast at this. But, the situation is not that easy. A rate hike would be more beneficial for the market in near term than a pause by RBI. Rather, if rate is hiked, there would a possibility of end of rate hike process, which will attract the investors to the market. However, the price hike of petro products, commodities would drive the RBI to prioritize Inflation over growth.

 

For today,we  continue our cautious guidance at high levels and also avoid fresh buying. One can consider going short when Nifty Future trades below 5040 with stop loss of 5080. On the down side, fall below 5000 we reaffirm the weakness and fall could accelerate. On the downside below 5000, 4950 will provide support. 

Market Report

Infosys in advanced talks to buy US company for $450-500 million

Taksheel Solutions to launch Rs 80cr IPO on Sept 29

Jayaswal Neco plans Rs 3700cr capex for capacity expansion

Bangalore microfinance firm Ujjivan to receive $21m funding

TCS, Felda Prodata sign a strategic collaboration

‘JP Morgan fund to invest $400 mn in SKIL’

Essar-Atlanta JV gets Rs1,043.5 cr NHAI road project

Maran to inject Rs 130cr into Spicejet for 5% stake

Tata Steel invests 500,000 pounds in UK's Dudley plant

Market Report

Govt relaxes FII investment rules in long-term infra debt

MARG ventures into fabrication of railway wagons

Forster's exit not to impact JLR turnaround: Tata Motors

Pipavav, Mazagon Dock in JV to build warships, subs

Maruti to start hiring new workers for Manesar plant from today

Defence ministry nod for 10% disinvestment in HAL

Neyveli Lignite to set up 4,000 MW plant in TN at a cost of Rs 20,000 cr

Market Report

Markets close up 1.11% on positive global cues

TD Power Systems to list shares today

Shipping Corp eyes stake in Bharti, Pipavav ABG shipyards

Jubliant Life Sciences gets US FDA nod for antiulcer drug

First Solar to supply 100MW solar module for RPower project

UKbased BG Group in talks to buy stake in ONGC's assets

Aurobindo Pharma inks JV with Russia’s Diod for generic, OTC products

Aditya Birla Capital raises Rs220 crore in PE fund

Hero MotoCorp to start dropping Honda brand

Microlender Bandhan raises $30 mln from IFC

LIC hikes stake in PFC to 5.01%

Market Report

RBI to reintroduce inflationindexed bonds

TCS bids $500 mn for Lufthansa IT unit

Ramky Infra bags Rs 1,006 cr contracts

ONGC's 42.8 cr shares FPO to open on Sept 20

NTPC, CEB to set up 500 MW power plant in Sri Lanka

Cairn projects 3 lakh bpd production from Rajasthan oil block

Health Impetus to enter US pharma market

Rico bags export order of up to Rs 70 cr per annum

Religare’s retail issue to pay between 12.00-12.50% to investors

ONGC starts oil, gas production from GS15 field

GCPL completes acquisition of 51% stake in Darling Group

Tata Sons further hikes stake in Tata Steel to 28.67%

Market Report

Food inflation at 10.05% on Aug 20 YoY
Suzlon planning $1.3 bn wind project to power Australian homes
Dr Reddy's, Pfizer settle litigation over Lipitor
Insecticides India plans to raise Rs70 crore
RIL completes $7.2 bn deal with BP
Religare forms panel to boost efforts for banking foray
Govt approves 5% stake sale in BHEL
Reliance Capital, Nippon Life in pact for possible tieups
Jyothy Laboratories sags under weight of Henkel acquisition