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Monday, July 05, 2010

Reliance Power - RNRL Merger Implications


Reliance Power - RNRL Merger Implications

Market Outlook - July 2010


Market Outlook - July 2010

Smart Trade - July 5 2010


Smart Trade - July 5 2010

Smart Invest - July 5 2010


Smart Invest - July 5 2010

India Rate Hikes - What is Base Rate - Explained


India Rate Hikes - What is Base Rate - Explained

India Markets - Strategy


India Markets - Strategy

Hindustan Media Ventures IPO Note


Hindustan Media Ventures IPO Note

Sensex ends flat; RCom, Hindalco, ONGC fall


Indian equities settled flat on Monday with negative biased. At the close, the benchmark 30-share index, BSE Sensex lost 19.51 or 0.11% at 17,441.44, while the broad based NSE Nifty closed flat with a decline of 1.20 points or 0.02%, at 5,235.90.

BSE Bulk Deals to Watch - July 5 2010


Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
5/7/2010 517356 ACI Infocom SANJAY AGARWAL HUF B 150000 30.20
5/7/2010 517356 ACI Infocom MANOJ P LUNKAR S 55000 30.20
5/7/2010 500034 Bajaj Auto Fin BAJAJ FINSERV LIMITED B 2116900 471.90
5/7/2010 500034 Bajaj Auto Fin BAJAJ HOLDINGS AND INVESTMENT LIMITED S 2116900 471.90

NSE Bulk Deals to Watch - July 5 2010


Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
05-JUL-2010,FIEMIND,Fiem Industries Limited,PRIMORE SOLUTIONS PVT.LTD,BUY,73408,175.33,-
05-JUL-2010,SELMCL,SEL Manufacturing Company,AKASH SECURITIES PRIVATE LTD,BUY,311991,60.00,-
05-JUL-2010,SELMCL,SEL Manufacturing Company,SAFFRON FINANCE LIMITED,BUY,777657,60.84,-
05-JUL-2010,FIEMIND,Fiem Industries Limited,PRIMORE SOLUTIONS PVT.LTD,SELL,78944,174.68,-
05-JUL-2010,POLARIS,Polaris Software Lab Ltd,ORBITECH LIMITED,SELL,749364,184.42,-
05-JUL-2010,SELMCL,SEL Manufacturing Company,AKASH SECURITIES PRIVATE LTD,SELL,311991,60.73,-
05-JUL-2010,SELMCL,SEL Manufacturing Company,SAFFRON FINANCE LIMITED,SELL,777657,60.38,-
05-JUL-2010,SUNFLAG,Sunflag Iron And Steel Co,CHARANJIV DHAWAN,SELL,1000000,29.15,-
05-JUL-2010,TNPL,Tamil Nadu Newsprint ,GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD,SELL,499235,114.00,-

Volumes dry, markets flat on Bandh


Today's major news

Arston Engineering bags order; the stock closes 3.36% lower

Consolidated Construction Consortium builds on new orders; the stock ends 2.92% higher

Four Soft inks pact with Aries Global; the stock closes 1.53% lower

SBI, RIL July 2010 futures at premium


Turnover declines sharply due to nationwide strike

Nifty July 2010 futures were at 5,246, at a premium of 10.10 points compared to spot closing of 5,235.90. Turnover in NSE's futures & options (F&O) segment was Rs 35,803.72 crore, much lower than Rs 64,641.19 crore on Friday, 2 July 2010. The turnover declined sharply due to a nationwide strike called by opposition parties to protest against the government's decision to raise fuel prices.

Annual Report - Wipro - 2009-2010


WIPRO LIMITED

ANNUAL REPORT 2009-2010

DIRECTOR'S REPORT

To
The Members

Dear Shareholders,

I am happy to present on behalf of the Board of Directors, the 64th
Directors' Report for the year ended March 31, 2010, along with the Balance
Sheet and Profit and Loss Account for the year.

RNRL tumbles, RPower jumps after setting swap ratio for merger


The key benchmark indices edged marginally lower in lacklustre trade, with volumes hit by a nationwide strike called by opposition parties to protest against the government's decision to raise fuel prices. Banking stocks shrugged off an unexpected hike in key policy rates by the Reserve Bank of India, which was announced after trading hours on Friday, 2 July 2010. But, PSU OMCs, realty, metal stocks fell. Index heavyweight Reliance Industries (RIL) was flat. Reliance Natural Resources (RNRL) slumped following an unfavorable swap ratio for its merger with group company Reliance Power (RPower). RPower jumped.

Bajaj Auto, Deepak Fertilizers


Bajaj Auto, Deepak Fertilizers

Oil India, Reliance Power, India Automobiles, India Energy, India Economy


Oil India, Reliance Power, India Automobiles, India Energy, India Economy

Bharat Bandh - oil price hike


Bharat Bandh - oil price hike

Tyre Sector - increased demand, Ford - new plant in Chennai


Tyre Sector - increased demand, Ford - new plant in Chennai

Sterlite Industries - Sell


Sterlite Industries - Sell

India Pharma - July 5 2010


India Pharma - July 5 2010

Nalco - Sell


Nalco - Sell

Hindustan Zinc - Sell


Hindustan Zinc - Sell

Hindalco Industries - buy


Hindalco Industries - buy

Technofab Engineering Grey Market Premium jumps


Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Aster Silicates Ltd.

112 to 118

7 to 7.50

Technofab Engineering

230 to 240

28 to 29

Hindustan Media Ventures

162 to 175

6 to 7

Daily News Roundup - July 5 2010


Shareholders of RNRL will get one share of Reliance Power for every four shares held by them, the board of directors of both the companies decided, while approving the merger of RNRL with RPower. (BL)

Ranbaxy Laboratories transfers its research division for new drugs to Japan’s Daiichi Sankyo. (ET)

Tata Motors' CV sales rise 33% YoY in June. (BL)

Reliance Power is likely to apply to the government for allocation of natural gas. (BS)

GAIL (India) is in the process of laying a 2,500km natural gas pipeline covering Karnataka, Kerala, Tamil Nadu and Maharashtra at a cost of Rs100bn. (BL)

Uflex is all set to make forays into Africa with its state-of-the-art plant in Egypt starting production this month. (ET)

Glodyne Technoserve has completed the acquisition of the US-based technology company DecisionOne from its shareholders for US$104mn.(ET)

Strides Arcolab has convened an extra-ordinary general meeting on July 23 to seek approval from shareholders for raising equity worth nearly US$100mn. (ET)

Crisil has upgraded the debt instruments of ICICI Bank to ‘stable’ from ‘negative’. (ET)

SREI Infra in talks to raise PE fund up to Rs46bn. (BS)

Marico to rejig Kaya Clinic outlets to cut losses. (BS)

General Motors plans to file its nearly US$20bn IPO in mid-August. (BS)

The RBI hikes reverse repurchase rate to 4%, from 3.75% and Repurchase rate is increased to 5.5%, from 5.25%. (ET)

Prime Minister Manmohan Singh says the government is working towards a regulatory and policy framework, which will be attractive enough to absorb investments worth US$120bn in the aviation sector by 2020. (BS)

The Finance Ministry indicated that the revised Direct Taxes Code draft may stick to denying tax sops to special economic zones. (BS)

Mutual funds industry witnesses the worst ever fall in assets under management in June 2010. (FE)

Govt rules out rollback of fuel price


The government has ruled out to roll back increase in fuel prices, even as opposition National Democratic Alliance (NDA) called for an all-India bandh today (July 5, 2010) to protest the price hike and rising inflation.

"No question of roll-back," Finance Minister Pranab Mukherjee told reporters, when asked whether the government could review its June 25, 2010 decision of raising prices of petroleum products.

Meanwhile, NDA Working Chairperson L K Advani after a meeting of its leaders, said, "This may be the first time in the history of India's politics that almost all political parties will participate in the Bharat Bandh."

The government last month raised prices of petrol, diesel and kerosene by Rs3.50, Rs2 and Rs3 a litre, respectively and increased the rate of cooking gas by Rs35 a cylinder.

Precious metals witness mixed end


Bullion metals cough up substantial weekly losses

Bullion metal prices ended mixed on Friday, 02 July 2010 at Comex with gold prices ending little higher but silver prices dropping. Prices seesawed for the entire day as and lacked much direction in thin trading ahead of the long holiday weekend.

Crude ends lower


Crude registers first weekly loss in a month

Crude oil prices ended lower on Friday, 02 July 2010 at Nymex. Prices fell as uncertainty and fears about the health of the U.S. economy came in focus again as traders mulled over a mixed jobs report and a steeper-than-expected drop for factory sales.

Bandh blues may fade away


"Politics is for the present, but an equation is for eternity." Albert Einstein.

The nationwide ‘Bharat Bandh’ is not expected to change the political equation. In the worst case scenario, it may paralyse normal life. So, expect lower turnouts in offices, schools and other institutions. As far as markets are concerned, trading volume may take some hit and lead to some volatility. Given the uncertain global scenario we expect the overall mood to be cautious ahead of the corporate earnings.

Sensex swings between positive and negative zone


The key benchmark indices swung between gains and losses in early trade after the Reserve Bank of India after trading hours on Friday, 2 July 2010, hiked key interest rates by 25 basis points to tame inflation. Interest rate sensitive banking stocks rose while realty stocks fell after the rate hike. Reliance Natural Resources (RNRL), slumped due to unfavorable swap ratio for its merger with group company Reliance Power (RPower). RPower surged.

GNFC


Investors with medium-term perspective can consider investing in the stock of Gujarat Narmada Valley Fertilizers Company (Rs 114.2). In late 2008, the stock found support at Rs 50 and started to trend upwards.

While trending upward, the stock emphatically penetrated key resistances at Rs 80, Rs 90 and Rs 105. However, after recording a 52-week high at Rs 135 in January 2010, the stock had been on a medium-term downtrend until it found support at Rs 105 in late May this year.

SGX Nifty Live Update - July 5 2010


5,230.00 -13.00

Monthly Report - July 5 2010


Monthly Report - July 5 2010

Astro View - July 5 2010


Astro View - July 5 2010

Daily Market Outlook - July 5 2010


Daily Market Outlook - July 5 2010

Weekly Technicals - July 3 2010


Weekly Technicals - July 3 2010

Weekly Technical Report - July 5 2010


Weekly Technical Report - July 5 2010

Market Pulse - July 5 2010


Market Pulse - July 5 2010

Fundamental Pick of the Week - July 5 2010


Fundamental Pick of the Week - July 5 2010

Weekly Watch - July 5 2010


Weekly Watch - July 5 2010

Weekly Technicals - July 5 2010


Weekly Technicals - July 5 2010

India Banking


India Banking

Economy Calendar


Economy Calendar

BPCL


BPCL

External Trade


External Trade

Indraprastha Gas


Indraprastha Gas

Alembic


Alembic

India Monsoon


India Monsoon

Parsvnanth Developers


Parsvnanth Developers

Tata Power


Tata Power

United Bank of India


United Bank of India