NEWS TO USE.
FIIs were net buyers to the tune of Rs2.18bn (provisional) in the cash segment yesterday. In the F&O segment too, they pumped in Rs2.53bn. On Friday, foreign funds were net buyers at Rs768mn. Mutual Funds, however pulled out Rs4.02bn from the cash segment on the same day.
Major Bulk Deals: UBS has bought Pyramid Saimira; SBI MF has picked up RPG Transmission.
Results Today:
SBI, Tata Motors, UB, ABG Shipyard, Adlabs, BEML, Bharti Airtel, BEL, Ceat, Cipla, Dabur Pharma, DS Kulkarni, Educomp, Gitanjali Gems, Glenmark, Grasim, GTL, India Infoline, Indian Hotels, IPCA, Kesoram, Mangalam Cement, Mahindra Gesco, Neyveli Lignite, Nitco Tiles and Opto Circuits.
Market Volumes:
The turnover on NSE was down by 16.3% to Rs75.74bn.BSE FMCG index was the major gainers and gained 1.32%. BSE Consumer Durable index (up 0.94%), BSE Auto index (up 0.55%) and BSE Technology index (up 0.49%) were among the other major gainers. However, BSE Oil & Gas index lost 0.51%.
Volume Toppers:
IFCI, Nagarjuna Fertilizers, SAIL, Satyam Computer, DCB, ITC, Hindustan Motors, Ispat Industries, IDFC, Ashok Leyland, India Cements, Polaris, R Com, Ceat, HCC and Tech Mahindra.
Upper Circuit Filters:
Crisil, Flex Industries, Heritage Foods, HOV Services, Nesco Ltd, Ganesh Housing and Suven Life.
Delivery Delight:
Adlabs Films, ACC, Bank of India, BHEL, BRFL, CEAT, Gammon India, Glenmark, HCL Technologies, India Infoline, ING Vysya Bank, INOX Leisure, J B Chemicals, Jet Airways, Maruti, Nagarjuna Construction, NDTV, Pratibha Industries, Punjab National Bank, Suzlon Energy, Taneja Aerospace, Tata Motors, Tata Power, VSNL and Zee Telefilms.
Brokers Recommendations:
Suzlon Energy - Buy from Merrill Lynch with target of Rs1650
Bharti Shipyard – Buy from Emkay with target of Rs554
Long Term Investment:
IVRCL Infrastructures.
Major News Headlines:
Maruti Q3 profit at Rs3.76bn (up 11%), sales at Rs38.64bn (up 18%)
Nalco Q3 profit at Rs5.72bn (up 46%), sales 14.48bn (up 9.3%)
RIL says has no plans to spin off KG basin oil and gas fields
Pratibha Industries gets Rs1.22bn AAI order
Welspun Gujarat wins orders worth Rs10.5bn
Kale Consultants gets order from Yemenia Airlines
Adlabs completes purchase of Synergy Communications
Colgate Q3 profit at Rs503.4mn (up 21%); revenues at Rs3.39bn (up 14%)
Kotak Mahindra Bank Q3 profit at Rs454mn (up 39%), income at Rs4.53bn (up 96%)
JSW Steel Q3 profit at Rs3.62bn (up 160%), sales at Rs23bn (up 160%)
India Cements Q3 profit at Rs797.8mn vs Rs72.2mn; total income at Rs4.74bn (up 35%)
