Ten stocks in focus in Tuesday morning trade -1 April

Ten stocks in focus in Tuesday morning trade

NEW DELHI: Indian markets are expected to trade in a range on Tuesday following positive trend seen in other Asian markets. The key support for the index is around 6,670 levels. 

"The Nifty is expected to trend up till 6740 in the next couple of days. In this period the key support will be at 6670 and resistance will be at 6740," said Somil Mehta, Senior Tech Analyst (Equity) at Sharekhan.

Here is a list of ten stocks which are likely to be in focus in trade today: 

Reliance Industries Ltd: RILBSE 0.72 % will continue to supply gas at $4.2 a unit to 16 fertiliser units until the government comes out with another notification in this regard. This follows the asking RIL to continue supplies on existing terms in the interim period, after talks between both the parties remained inconclusive, said media reports.

Coal India Ltd: Coal IndiaBSE -0.45 % has sold shares worth over Rs 550 crore towards the CPSE's exchange traded fund as part of government's disinvestment programme.

NTPC: State-run NTPCBSE 0.46 %, the biggest power producer in India, said it was preparing to start commercial operations at three new solar power plants, doubling its capacity from solar energy sources

Reliance Communications Ltd: Reliance CommunicationsBSE 0.16 % (RCom) launched two global roaming packs -- Unique UK and Fabulous Five -- Monday for its postpaid GSM customers.

JSPL: After investing Rs 12,500 crore this year, the Naveen Jindal-promoted Jindal SteelBSE 0.63 % & Powerd plans to focus on debt reduction in 2014-15, along with an increase in earnings before interest, tax and amortisation (Ebitda), said media reports.

Lakshmi Vilas Bank: The private lender has sought market regulator's Sebi approval to raise Rs 505 crore through rights issue. Issue of equity shares on a rights basis to its existing equity shareholders would aggregate up to Rs 505 crore, draft letter filed by Lakshmi Vilas BankBSE -1.62 % with Securities and Exchange Board of India (Sebi) showed.

Religare Enterprises Ltd: The company approved of allotting Rs 550 crore equity shares on preferential basis to two non-promoter companies, including Standard Chartered Bank, said media reports.

Kalpataru Power Transmission: KPTL said it has bagged orders worth nearly Rs 700 crore, including from overseas. The orders are in the transmission and infrastructure verticals.

IFB Agro Industries Ltd: IFB Agro IndustriesBSE 4.04 % has informed the BSE that a meeting of the board of directors will be held on April 7 to consider the acquisition of the Co2 (carbon dioxide) and dry ice business of Nurpur Gases Pvt Ltd, a promoter group company.

Suzlon Energy Ltd: Pune-based Suzlon EnergyBSE 0.81 % Limited, the world's fifth-largest wind turbine supplier, is planning to sell its assets and raise about Rs 1,500 crore through it, said media reports.

Ten stocks in focus in Monday morning trade -31 March

NEW DELHI: Indian markets are expected to trade in a range on Monday following positive trend seen in other Asian markets. The key support for the index is around 6,639 levels. 


Here is a list of ten stocks which are likely to be in focus in trade today: 

Bharti Airtel Ltd: Country's largest telecom operator Bharti AirtelBSE 1.48 % said one of its promoter group entity Bharti Telecom has bought 57.14 lakh shares of the company for Rs 171.92 crore through various market transactions.

ICICI Bank Ltd: Country's largest private sector lender ICICI BankBSE 0.53 % has hit the Australian debt market for the first time with a $ 138.2-million in five-year money as part of its $ 5-billion medium-term notes programme.

RIL Ltd: Reliance IndustriesBSE 1.19 % will continue to sell natural gas from its eastern offshore KG-D6 fields at the current rate until the next government decides on a revision in prices.

Tata Power Ltd: Tata PowerBSE 1.50 % Delhi Distribution Ltd has sought compensation from the Indian arm of Chinese power producer CLP Holdings for wrongly announcing the commissioning of its 1,320 mw Jhajjar Power project for which it had to unnecessarily pay Rs 33 crore as transmission charge.

Sesa Sterlite Ltd: SesaBSE -0.27 % Sterlite's Executive Director (Iron Ore Business) Prasun Kumar Mukherjee has quit the company, making the first high profile exit from the Vedanta group since its restructuring in August last year.

Tata Chemicals Ltd: Tata ChemicalsBSE 1.31 % will not participate in an ammonia-urea project being set by a JV between Olam International and the Gabon government in the African country.

Bosch Ltd: After facing a tools-down strike by the employees of its Bangalore plant last year, auto component maker Bosch now faces another agitation from its Nashik plant union, said media reports.

ABG Shipyard Ltd: A group of 22 banks led by State Bank of IndiaBSE 1.83 % ( SBIBSE 1.83 %) has cleared the recast of Rs.10,000 crore in loans advanced to ABG Shipyard LtdBSE 1.75 %, under the corporate debt restructuring (CDR) process for bailing out financially stressed borrowers, offering India's largest private shipbuilder a breather, said media reports.

Jain Irrigations Ltd: Micro irrigation company Jain Irrigation SystemsBSE 3.88 % is looking to sell a stake in its food-processing business to private equity funds to raise up to Rs 610 crore as it seeks to cut debt and boost growth.

Adani Power Ltd: Electricity regulator CERC's move to allow compensatory tariff for two Mundra projects of Tata Power and Adani PowerBSE 6.71 % has been challenged before Appellate Tribunal for Electricity (APTEL) by an NGO, which alleges that the move would give "undue benefits" to the utilities.

BSE gets an earful from SAT for denying payment to broker -29 MARCH

MUMBAI: The Securities Appellate Tribunal (SAT) has rapped the BSE on its knuckles for refusing to release payment due to Mumbaibased broker Keynote Capital, which sold shares after Prime SecuritiesBSE 0.32 % failed to meet the margin obligations due towards debit balance of the broke 

Coming down heavily on the BSE, SAT member A S Lamba observed, "......it is apparent that the BSE has vested interest in the matter and hence is not expected to do justice in the case. However, it may be mentioned that the undersigned has not gone into merits and contentions of any of the parties, in the present appeal, which is yet to be heard and decided and all contentions of parties are open, but yet it is of the view that no useful purpose will be served by referring the matter back to the BSE for reconsideration.

The matter has been remanded to the BSE to pass an order after giving a hearing to the broker. Prime Securities traded on the BSE as a client of Keynote Capital. After five months of trading through February 2013, Prime Securities had an outstanding debit balance with its broker. To realise its dues, Keynote sold the shares of ABG ShipyardBSE 3.91 % purchased by Prime earlier and adjusted its debit balance. The amount realised from the sale of shares in this case was around Rs89 lakh.


However, the BSE asked Keynote to transfer this amount to the exchange.

Despite a BSE Committee ordering the release of funds, the BSE transferred this amount to the Clearing Corporation on the ground that Prime Securities is a defaulter member.

Raising questions about the role played by the BSE, the SAT member in the order said, "Without going further into the matter, the undersigned is constrained to point out lack of promptitude, sensitivity, clock and dagger approach and  insidious manner of dealings of Respondent No. 1 (BSE) in the entire matter, which is not a healthy and fair way of conducting business by an organisation which claims to be pioneering in securities market in India and is a trendsetter for other stock exchanges in India and abroad." 

52-week high in trade on Friday -28 march

52-week high in trade on Friday 

Pre-market: Nifty seen opening higher; may reclaim 6650 - 28 MARCH

Pre-market: Nifty seen opening higher; may reclaim 6650 

NEW DELHI: The 50-share Nifty index is expected to open higher on Friday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial level of 6650 in trade today. 

At 07:30 a.m., Nifty India stock futures in Singapore were trading 20 point higher at 6615.50, indicating a flat-higher opening on the domestic market. 


NIFTY crossed 6,650 at high point in Thursday's F&O expiry session. Markets steadily moved up throughout the day as suspected short covering came in ahead of expiry. 

The Dow Jones industrial average dipped 4.76 points or 0.03 percent, to end at 16,264.23. The S&P 500 lost 3.52 points or 0.19 percent, to close at 1,849.04. The Nasdaq Composite dropped 22.346 points or 0.54 percent, to finish at 4,151.232. 


In the oil market, Brent rose to $107.83 a barrel. 

Japan's Nikkei 225 index was trading 0.04 per cent lower at 14,617.50 and Hong Kong's Hang Seng index was trading 0.85 per cent higher at 22,024.12. 

South Korea's Kospi index was trading 0.21 per cent higher at 1,982. China's Shanghai index was trading 0.30 per cent higher at 2,051. 

Private sector is more promising than PSU bank stocks -27 March 2014

PSU bank stocks are down and out. The State Bank of IndiaBSE 1.23 % has plunged to Rs 1,741 from Rs 2,051, Canara BankBSE 0.51 % has fallen toRs245 from Rs371, and Bank of India has tumbled to Rs205 from Rs289 in a span of a year. Many PSU banks are trading below their book value. Bank of India trades at a P/BV of 0.54, while Canara Bank trades at a P/BV of 0.48. SBIBSE 1.23 % is trading at a P/BV of 1.31. Despite these beaten down valuations, there are no takers for these stocks. 


Analysts continue to prefer private sector banks like ICICI Bank, HDFC Bank, Kotak Mahindra BankBSE -0.58 % and Axis Bank, among others, despite a spurt in stock prices and rise in valuations. Stocks of HDFC BankBSE 0.32 % have moved up to Rs750 fromRs610, Kotak BankBSE -0.58 % to Rs765 from Rs631 and ICICI BankBSE -0.35 % to Rs1,250 from Rs1,012. HDFC Bank trades at a P/BV of 4.9, while ICICI trades at a P/BV of 2.1. 


Way Ahead of Competition In the last two decade, private sector banks — ICICI Bank, HDFC Bank, Yes Bank, Axis BankBSE 0.20 % and so on — have been gaining market share at the expense of state-run banks. For example, they have increased their current account savings account market share to 17 per cent in 2013 from 14 per cent in 2009. "The focus on retail segment has helped new private sector banks in the last five years when the economy passed through a slowdown," says Alpesh Mehta, banking analyst, Motilal OswalBSE 2.17 % Securities. 

Pre-market: Nifty seen opening higher; may hit 6600 -26 MARCH

NEW DELHI: The 50-share Nifty index is expected to open higher in trade on Wednesday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to hit its crucial level of 6600 in trade today.

7:30 a.m., Nifty India stock futures in Singapore were trading 27.50 point higher at 6638.50, indicating a higher opening on the domestic market.

After hitting yet another lifetime high of 6595.55 on Tuesday, the index concluded the day with a gain of 6 points at 6589. The 30-share Sensex, which climbed to all-time high of 22,079.96 ended 0.27 points lower at 22,055.21.

The Dow Jones industrial average rose 91.19 points, or 0.56 percent, to close at 16,367.88. The Standard & Poor's 500 Index gained 8.18 points, or 0.44 percent, to finish at 1,865.62. The Nasdaq Composite Index advanced 7.88 points, or 0.19 percent, to end at 4,234.27.

Japan's Nikkei 225 index was trading 0.23 per cent higher at 14,456.50 and Hong Kong's Hang Seng index was trading 1.1 per cent higher at 21,973.12.

South Korea's Kospi index was trading 0.98 per cent higher at 1,960. China's Shanghai index was trading 0.03 per cent lower at 2,066.

Sensex, Nifty in red; Reliance falls 3%, JP Associates up =25 March

9:30 am Government's outlook on economy: Exuding confidence that growth will improve in the coming months, the Finance Ministry today said economy has stabilised which is evident from the strengthening of the stock markets as well as the rupee.

the economy has stabilised and that is reflected in rupee and stock markets. And going forward, I think, we will see growth numbers also improving.

Among the gainers are Sun Pharma, Tata Power, NTPC, Cipla and Reddy's Labs.

ONGC and Reliance fall on gas price issue.The rupee gained in the early trade. It has opened higher by 18 paise at 60.59 per dollar against 60.77 Monday.

Fifteen stocks in focus in Tuesday morning trade-25 MARCH 2014

NEW DELHI: Indian markets are expected to trade in a range on Tuesday following muted trend seen in other Asian markets. The key support for the index is around 6,523 levels. 

"The Nifty is expected to trend up till 6600 in the next couple of days. In this period the key support will be at 6523 and resistance will be at 6600," said Somil Mehta, Senior Tech Analyst (Equity) at Sharekhan. 

Here is a list of fifteen stocks which are likely to be in focus in trade today: 

RIL & ONGC: The Election Commission ordered deferment of an increase in gas prices that was to take effect from April 1. The decision will put consumers and producers such as Reliance IndustriesBSE -3.00 % and ONGCBSE -3.95 % in a quandary because the hike has been stalled after the oil ministry's notification that the new rates would apply from the start of next mo ..

Jaiprakash Associates: Jaiprakash AssociatesBSE 1.02 % has signed an agreement to sell 74 per cent stake in the Bokaro cement unit to Dalmia Cement for around Rs 1,200 crore, a source involved with the deal told ET.

Sun Pharma Ltd: Leading bourse National Stock Exchange (NSE) has given its approval for transfer of 'specified therapeutic and investment' business of a Sun PharmaBSE 0.36 % subsidiary into the parent company.

Tata Power Ltd: Tata Power's rights issue worth almost Rs 2,000 crore will open on March 31 and the proceeds will be utilised for capital expenditure and repaying debt.

Maruti Suzuki Ltd: Looking to make the most of a good demand for its latest hatchback, Maruti Suzuki IndiaBSE -0.12 % is planning to double the production capacity of Celerio to 10,000 a month. The current production of hatchback stands at 5,000 a month.

Engineers India Ltd: State-owned Engineers India LtdBSE 1.35 % (EIL) today said it has won a $40 million contract for the Liwa Plastics project of Oman Refineries and Petroleum Industries Co (Orpic).

MOIL: State-owned manganese producer MOILBSE -0.59 % is planning to spend about Rs 40 crore on prospecting 11 blocks, involving an area of 597.44 hectares in Nagpur and Bhandara districts of Maharashtra.

M&M and Tata Motors: Mahindra & Mahindra, Honda Cars India and Tata MotorsBSE -0.41 % are looking to increase the prices of their models from next month, mainly to offset higher input and operational costs.

Tata Steel Ltd: One of the biggest parcels of land in Mumbai, the 25-acre Tata SteelBSE 0.51 % land in Borivli (E) is believed to have fetched the highest bid of Rs 1,155 crore following a day-long e-auction on Monday. It is rumoured that  ..

Marico Ltd: Harsh Mariwala, promoter and CMD of consumer goods firm MaricoBSE 0.58 %, is stepping down as managing director of the firm, two officials directly aware of the developments said. Saugata Gupta, current CEO, will take over the day-to-day operations of the maker of Parachute hair oil and Saffola edible oils, they said.

Arvind Ltd: Ahmedabad-based Arvind Ltd has bought out the 49 per cent stake in Premium Garments Wholesale Trading Pvt Ltd, a joint venture that sells fashion brand Calvin Klein in India, for Rs 100 crore.

IOC: IndianOil Corporation might not proceed with its planned acquisition of the West Bengal government's 40 per cent stake in Haldia Petrochemicals Ltd (HPL) if The Chatterjee Group chief Purnendu Chatterjee was appointed HPL chairman, said media reports.

Financial Technologies Ltd: Financial Technologies India Ltd (FTIL) has informed the BSE it has entered into an agreement with GoldenOak (Mauritius) for the sale of stake in Indian Energy Exchange (IEX), an electricity futures trading platform promoted by it. Under the agreement, Golden Oak will buy 1,364,787 equity shares of FTIL in IEX (face value of Rs 10 each) for Rs 72.89 crore. 

Seven stocks in focus in Monday morning trade -24 Monday 2014

NEW DELHI: Indian markets are expected to trade in a range on Monday following positive trend seen in other Asian markets. The key support for the index is around 6,430 levels.

"The Nifty is expected to trend up till 6575 in the next couple of days. In this period the key support will be at 6430 and resistance will be at 6575," said Somil Mehta, Senior Tech Analyst (Equity) at Sharekhan.

"The Nifty has been forming higher tops and higher bottoms; it has also closed above the previous swing's high which is a positive sign for the market," he added.

Mehta is of the view that the short-term bias remains positive for a target of 6600 with reversal at 6430. The medium-term outlook remains positive as the index has started forming higher tops and higher bottoms on the weekly charts 

Here is a list of seven stocks which are likely to be in focus in trade today:

Reliance IndustriesBSE 0.97 % Ltd: RILBSE 0.97 % has made drastic changes in gas supply contracts that will jack up its KG-D6 gas price by 10 per cent over and above the new rate of USD 8.3 coming into effect from next month. 

Federal Bank: The government approved increasing foreign investment in Federal Bank BSE 2.47 % from 49 per cent to 74 per cent for its paid up equity share capital.


State Bank of India: Country's largest lender the State Bank of IndiaBSE 1.01 % will sell bad loans amounting to Rs 3,000 crore in the last quarter of the ongoing fiscal, the top official of the bank said here today.


PNB: State-owned Punjab National BankBSE 1.15 % ( PNBBSE 1.15 %) may raise capital through rights issue next fiscal to enhance its capital base. During the current fiscal, the bank got capital infusion of Rs 500 crore from the government. The fund infusion was done through preferential allotment of shares to the government. 

IDBI Bank Ltd: Public sector IDBI Bank LtdBSE 1.18 % will sell its entire 18.95% stake in Stock Holding Corp. of India LtdBSE 0.68 % (SHCIL), a custodial and depository services provider, to IFCI LtdBSE 1.03 %. 

Axis Bank Ltd: The government's offer to sell a 9% stake in Axis BankBSE 2.17 % held by Specified Undertaking of UTI (SUUTI) was largely subscribed to by state owned Life Insurance Corporation and a number of foreign institutions, raising Rs 5,500 crore and helping the finance ministry meet the disinvestment target for the current fiscal. 

Novartis India Ltd: Swiss drug maker NovartisBSE -0.65 % is likely to face legal action for allegedly faking documents to seek registration of its veterinary product Tiamulin Hydrogen Fumarate (80 per cent granules) in India. The drug regulator, Drugs Controller General of India (DCGI), has already cancelled the company's import licences as well as existing registration certificate for the product, said reports. 

Nifty ends near 6,500 in special trading session; pharma, oil & gas up

CiplaBSE 1.77 % (up 2.42 per cent), IDFCBSE 1.33 % (up 2.01 per cent), HCL TechBSE 0.67 % (up 0.95 per cent), 

NMDCBSE 0.54 % (up 0.89 per cent) and Sun PharmaBSE 0.68 % (up 0.79 per cent) were among the Nifty gainers. 

HindalcoBSE -1.50 % (2.02 per cent), Asian PaintsBSE -0.62 % (0.67 per cent), ACCBSE 1.33 % (0.56 per cent), InfosysBSE -0.34 % (0.33 per cent) and Punjab National BankBSE 0.04 % (0.32 per cent) were among the index losers. 

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