Nifty 15-06-2010

நேற்றய பதிவில் குறிபிட்டபடி அண்ணன் தம்பி பங்குகள் உயர்வுகளால் சந்தை 78 புள்ளிகள் கூடியது இவர்கள் இணைவில் பங்கு சந்தைக்கும் ஒரு நல்ல நேரம் போல் இனி இதுவரை தம்பியின் பங்குகள் இறங்கு முகத்தில் இருந்து சற்று திரும்பி ,ஏறுமுகத்துக்கு திரும்பியுள்ளது முதலிடளர்கள் அண்ணன் ,தம்பி பங்குகளை அறு மாத காலத்துக்கு வைத்து இருந்து விற்பவர்கள் நல்ல லாபத்தை பதிவு செய்யலாம் .
RELIANCE ,RNRL ,RCOM,REL POWER போன்ற பங்குகள் 20 சதவிதம் வரை உயர வாய்ப்புண்டு ரிலையன்ஸ் நிறுவனம் இனி டெலிகாம் ,பவர்,நிதி துறை போன்ற வற்றில் இறங்க விருப்பதால் நாளொரு மேனியும் பொழுதொரு வண்ணமும் இந்த பங்கை பற்றி யுக செய்திகள் ரிலையன்ஸ் நிறுவன பங்கை உயர்த்தலாம் .

இன்றைய சந்தை இறக்கத்துடன் தொடங்கி எட்டர இறக்கங்களுடன் பயணிக்கலாம் முடிவில் 35 புள்ளிகள் முதல் 50 புள்ளிகள் வரை தேசிய நிபிட்டி இறக்கங்களுடன் முடிவடையலாம் நிபிட்டியை பொறுத்த வரை 5145 -5135 உடையாத வரை சந்தைகு பெரிதாக பாதிப்பு இருக்காது .அனால் அமெரிக்க ஐரோப்பிய புயல்கள் நாளின் நெடுகில் வீச ஆரம்பித்தால் சந்தை தடுமாற ஆரம்பித்துவிடும் இன் நேரத்தில் கவனம் தேவை
சந்தை எட்ட்ரத்தில் 5205 -5230 -5245 -5272 ------5340 சந்தை இறக்கத்தில் 5165 -5135 --5105 --5080

STOCKS TO WATCH

RELIANCE
JETAIRWAYS
KING FISHER AIR
AMTEK AUTO
ESCORTS
THEMAX
GUJARAT STATE PETRO
GMDC
GUJARAT NRE COKE
CASTROL INDIA
ESSAR OIL
PETRONET LNG
JP ASSCI
JP POWER
ADANI POWER
JSW ENERGY
JSW STEEL
MPHASIS
REL INFRA
REL POWER
CORPORATION BANK
ABB
EKC
BIOCON
GLENMARK PHARMA
RANBAXY
HPCL
IDFC
MTNL
NEYVELI LIGNITE
IOB
BANK OF INDIA
LANCO INFRA
POWER GRID
REC
EDUCOMP
PRAJ INDUS
OPTO CIR
JUBLIANT ORGA
INDIAN HOTELS
Mukesh Ambani-controlled Reliance Industries (RIL) entered the telecom arena by announcing a Rs 4800 crore acquisition of Infotel Broadband Services that emerged as the sole winner of pan-India broadband spectrum last week. The acquisition of 95% stake, through fresh equity infusion, values Mahendra Nahata group's Infotel at over Rs 5000 crore.

Meanwhile, some reports suggested that RIL board has identified power, telecommunications, financial services and pharmaceuticals for investments in the near future. The board, which met early last week, discussed strategies to enter these sectors, following the cancellation of a non-compete pact between the Ambani brothers.

Sun TV promoter Kalanithi Maran has bought a 37.7% stake in low-cost carrier SpiceJet from its promoter Bhupendra Kansagra and US investor WL Ross. The deal, which makes Maran the single largest shareholder in SpiceJet, was reported to be struck at around Rs 750 crore.

The acquisition was done by Maran, elder brother of union textiles minister, Dayanidhi Maran, in his individual capacity through his company KAL Airways. According to reports, an open offer to further buy 20% stake from the market is expected to come by the end June, taking his combined stake to 57%.

According to reports, SpiceJet is likely to place an order to buy at least 20 more planes as part of a renewed expansion drive after Kalanithi Maran agreed to buy 37.7% stake in the airline.

Atlanta, in consortium, has received contract order worth Rs 114.48 crore from Rites.

A committee of senior government officials and financial regulators has reportedly proposed mandatory disclosure of loan defaults by listed companies in a move to protect shareholder interest and boost investor confidence. At present, information on loan defaults is available only to lenders, Reserve Bank of India and credit information firms.


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The key benchmark indices surged to their highest level in more than a month in late trade after global rating agency Fitch Ratings raised India's local currency rating outlook to stable from negative. The BSE 30-share Sensex was provisionally up 282.22 points or 1.65%, up 228.43 points from the day's low and off 4.01 points from the day's high. Firm Asian and European markets and higher US index futures helped domestic bourses extend a three-day rally. The market breadth was strong. Shares of Anil Dhirubhai Ambani group (ADAG) were in demand.

Rating agency Fitch today forecast a decline in government debt to GDP ratio to 80% by March 2011 from 83% at the end of March 2010. It also upgraded India's growth forecast to 8.5% in the year to March 2011 from earlier 7%.

Coming back to stocks, the market opened on a firm note, tracking gains in Asian stocks. The Sensex hit a fresh intraday high in morning trade. The market pared gains later. The key benchmark indices surged to one-month highs in early afternoon trade. The market pared gains in afternoon trade on profit booking. Stocks regained strength in mid-afternoon trade. The market spurted in late trade.

IT stocks were in demand on upbeat economic data in the US, the biggest market for the Indian IT firms. But, auto stocks took a breather on profit booking after a recent rally triggered by robust vehicle sales data for May 2010. Telecom stocks saw mixed trend.

Stocks shrugged off data showing a surge in headline inflation, which may force the Reserve Bank of India (RBI) to raise interest rates further. Inflation based on the wholesale price index (WPI) rose an annual 10.16% in May 2010, faster than 9.59% rise in April 2010, government data showed on Monday. Meanwhile, inflation for March 2010 was revised upwards to 11.04% from a provisional rise of 9.9%.

European stocks rose for the fourth consecutive session on Monday as investor confidence over the global economic recovery grew. Key indices in UK, France and Germany rose by 0.71% to 1.64%.

Asian markets rose for a third consecutive day on Monday as higher confidence among US consumers boosted speculation that demand for products and resources will increase in the world's biggest economy. The key benchmark indices in Japan, South Korea, Indonesia, Hong Kong, Taiwan and Singapore rose by between 0.78% to 1.80%. China's markets are closed from Monday to Wednesday for the Dragon Boat Festival.

US markets rose on Friday, 11 June 2010 after a report found consumers are gaining confidence in the economy. The Dow Jones industrial average rose 38.54, or 0.4%, to 10,211.07. The Standard & Poor's 500 index rose 4.76, or 0.4%, to 1,091.60 and the Nasdaq composite index rose 24.89, or 1.1%, to 2,243.60.

A private survey showed Consumer Sentiment Index rose to 75.5 in June 2010 from 74.5 in May 2010. This is the index's best reading since January 2008.

Trading in US index futures indicated that the Dow could gain 81 points at the opening bell on Monday, 14 June 2010.

Back home, investors will eye the first installment of the corporate advance tax payment which will give some clue about Q1 June 2010 corporate results. The first installment of corporate advance tax falls due on 15 June every year.

Meanwhile, Oil Secretary S Sundareshan today said the government is yet to decide a date for the next meeting of the ministerial panel on fuel pricing. The government, last week, a deferred a decision on decontrol of petrol and diesel prices. It may be recalled that a committee headed by Planning Commission member Kirit Parikh committee had in February 2010 recommended freeing pump prices of petrol and diesel and raising kerosene prices by Rs 6 a litre and cooking gas prices by Rs 100 a cylinder

Industrial output rose much faster than expected at 17.6% in April 2010 from a year earlier on strong consumer demand and government spending. March's annual growth rate was revised upwards to 13.9% from 13.5%. Manufacturing output rose 19.4% in April 2010. The industrial output rose 10.4% in the 2009/10 fiscal year (April-March), faster than the 2.6% clocked in the previous fiscal year.

Investors will also keep a close eye on the progress of the monsoon rains. According to the latest update from the India Meteorological Department (IMD), the Southwest monsoon was vigorous over Coastal Andhra Pradesh, South Interior Karnataka and Kerala and active over Nagaland, Manipur, Mizoram & Tripura, Telangana and Coastal & North Interior Karnataka during past 24 hours. The Southwest monsoon has further advanced into most parts of Coastal Andhra Pradesh, remaining parts of North Bay of Bengal, most parts of coastal Orissa, remaining parts of northeastern States, some parts of Gangetic west Bengal and some more parts of Sikkim.

Conditions are favourable for further advance of southwest monsoon into remaining parts of central Arabian Sea, some parts of north Arabian Sea, remaining parts Maharashtra, Karnataka and Andhra Pradesh, southern parts of Gujarat and Chhattisgarh, some more parts of Orissa and Gengetic West Bengal, remaining parts of Sikkim and some parts of Jharkhand and east Bihar during next 2-3 days.

The June-September monsoon is crucial for the country as it irrigates 60% of farms in India. Monsoon rains had hit Kerala on 31 May 2010, a day ahead of schedule. The south-west monsoon usually covers the entire country by mid-July. The weather office late April 2010 said rainfall is likely to be 98% of the long-term average. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation.

Last month, Australia's weather bureau said the El Nino weather pattern was over. El Nino is caused by an abnormal warming of the eastern Pacific Ocean and can play havoc with weather patterns across the Asia-Pacific region.

The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The quantum of rainfall in the crucial sowing month of July and distribution of rainfall during the monsoon season also holds key.

Data this month showed business activity remained strong for India's vast services sector in May 2010, with a key gauge growing for a 13th consecutive month even as some momentum was lost over the previous month. The HSBC-Markit Business Activity Index stood at 58.2 in May 2010 from a 21-month high of 62.1 in April 2010. A reading above 50 indicates expansion. Services make up about 55% of India's $1.2 trillion economy.

HSBC Markit Purchasing Managers' Index (PMI), based on a survey of 500 Indian firms, surged to a 27-month high of 59 in May 2010 from 57.2 in April 2010, bolstered by steady growth in output, new orders and employment. The rate of growth had slowed in March 2010 and April 2010.

India's economy grew at 8.6% in the March 2010 quarter driven by robust manufacturing sector on the back of government and consumer spending, data released by the government on Monday, 31 May 2010, showed. The growth was significantly higher than the revised 6.5% expansion in Q3 December 2009 and a 5.8% growth in Q4 March 2009. The manufacturing sector grew 16.3%, farm output rose 0.7%, mining sector expanded 14% and services increased by 8.4% in January-March 2010 quarter from a year earlier.

For the full year to March 2010, the economy expanded 7.4%, above a government forecast of 7.2%. Economic growth had slowed down to 6.7% in year ended March 2009.

The BSE 30-share Sensex was up 282.22 points or 1.65% to 17,347.17, as per provisional closing. The index advanced 286.23 points at the day's high of 17,351.18 at the fag end of the trading session, its highest level since 13 May 2010, The Sensex rose 53.97 points at the day's low of 17,118.74 in early trade.

The S&P CNX Nifty was up 77.70 points or 1.52% to 5,197.05 as per provisional closing. Nifty hit a high of 5,201.25 at the fag end of the trading session, its highest level since 13 May 2010.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1888 shares advanced as compared with 1008 that declined. A total of 95 shares remained unchanged.

The total turnover on BSE amounted to Rs 3690 crore

Among the 30-share Sensex pack, 26 advanced while only 4 of them declined.

IT stocks were in demand on upbeat economic data in the US, the biggest market for the Indian IT firms. India's second largest software services exporter by sales Infosys advanced 4.50% to Rs 2,752. It was the top gainer from the Sensex pack.

India's third largest software services exporter by sales Wipro jumped 4.34%. The company has fixed 16 June 2010 as the record date for issue of bonus shares in the ratio of 2:3. India's largest software services exporter by sales TCS rose 3.44%.

HCL Technologies gained 3.20% after the company signed a five year information technology infrastructure outsourcing agreement with Singapore Exchange worth Singapore dollar 110 million. The company made this announcement during trading hours today, 14 June 2010.

Index heavyweight Reliance Industries (RIL) shot up 1.65% to Rs 1063.50, extending a near 5% rally in the preceding three trading sessions. RIL after trading hours on Friday, 11 June 2010, said it has acquired a majority stake in Infotel Broadband Services, which on Friday, 11 June 2010, won nationwide licenses to offer broadband services

RIL will invest about Rs 4800 crore by subscribing to the fresh equity capital to be issued by Infotel. Post investment, RIL will own 95% stake in Infotel, making it a subsidiary of RIL.

Mukesh Ambani-led Reliance Industrial Industries surged 16.85%.

Anil Dhirubhai Ambani Group (ADAG) stocks surged on renewed buying following the Ambani brothers' recent agreement to dump their differences and non-compete agreements. Reliance Natural Resources (RNRL) (up 17.96%), Reliance MediaWorks (up 11.93%), Reliance Capital (up 6.25%), Reliance Infrastructure (up 3.89%), Reliance Power (up 6.57%) rose.

Telecom stocks saw mixed trend. India's largest listed cellular services provider by sales Bharti Airtel lost 1.77% to Rs 269.70 on profit booking. The stock retreated from day's high of Rs 276. It was the top loser from the Sensex pack.

However, India's second largest listed cellular services provider by sales Reliance Communications gained 3.53% on reports the company may sell a stake in its telecommunications towers unit Reliance Infratel.

India's largest non-ferrous metal producer by sales Sterlite Industries (India) rose 3.38% after the company fixed 22 June 2010 as the record date for a 2-for-1 stock split and a liberal 1:1 bonus issue. The company announced the record date after market hours on 11 June 2010.

India's largest FMCG firm by sales Hindustan Unilever gained 0.65% after the company announced after market hours on 11 June 2010 that its board of directors has approved a proposal for buyback of shares at a price not exceeding Rs 280 per share. The company has set aside Rs 630 crore for buyback.

Banking stocks rose on pick up in credit offtake. India's largest bank in terms of branch network State Bank of India rose 0.38%, with the stock gaining for the third straight day. SBI is likely to launch a Rs 20000-crore rights issue in the second half of 2010/11, Chairman O.P. Bhatt said on 9 June 2010.

India's second largest private sector bank by sales HDFC Bank rose 1.62% after its ADR gained 0.95% on Friday, 11 June 2010. India's largest private sector bank by sales ICICI Bank advanced 0.95% after its ADR rose 1.33% on Friday, 11 June 2010.

Auto stocks took a breather on profit booking after recent sharp upmove triggered on the back of robust vehicle sales data for May 2010.

India's top truck maker by sales Tata Motors declined 0.63%. India's largest small car maker by sales Maruti Suzuki India was unchanged at Rs 1357.

India's second largest bike maker by sales Bajaj Auto shed 0.47% to Rs 2283.95. The scrip hit a record high of Rs 2309 in intra-day trade today. India's largest bike maker by sales Hero Honda Motors lost 0.17%.

But, India's largest tractor maker by sales Mahindra & Mahindra (M&M) rose 1.44% to Rs 613.10, after striking an all-time high of Rs 616.30. The stock rose today on fresh buying, extending a three-day 5.84% rally.


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