ShareKhan Newsletter Blog

 
 

 

 

Get Updates By Email


 

Preview | Pwd. by FeedBlitz

 

 

 

 

 

 

Pre-market: Markets may see a positive opening

Tuesday, October 18, 2011

October 19, 2011 | 8.30 AM

Markets may see a positive opening
Today's start is expected to be on a positive note on the back of supportive global cues. There are two new listings today - Taksheel Solutions and Flexituff International
Headlines for the day
  • Sun Pharma to acquire Taro, to pay $367 million for 33.5% stake
  • GVK acquires 13.5% in MIAL for Rs 1,140 cr
  • Tata Motors focuses on spreading global footprint
  • SAT tells Sahara firms to pay Rs 24k cr in six weeks
  • Govt will ask Rs 14K cr more to recapitalise PSU banks: Bank Secy
 
Events for the day
  • New Listings: Taksheel Solutions, Flexituff International
  • Results: Bajaj Finserv, Biocon, Crompton Greaves, HDFC Bank, Hind Zinc

 

 STOCK TO WATCH
n HDFCBANK n BIOCON
n HINDZINC n IGL
n CROMPTON n BAJAJFIN

 FOREX

Currency

Level

USD to INR

49.25

GBP to INR

77.44

Euro to INR

67.82

JPY to INR

0.64

INDIAN INDICES

Indices

Support Resistance
Sensex

16564

16996

Nifty

4975

5105

A rise in the US stocks and a report that Europe will strengthen the region's rescue fund helped improve sentiment. Today's start is expected to be on a positive note on the back of supportive global cues. 

Earnings may also drive the sentiments today. Other companies scheduled to report quarterly earnings today include Dish TV India, Indraprastha Gas, Torrent Power and J.B.Chemicals & Pharmaceuticals.

Two New Listings: Information-technology firm Taksheel Solutions Ltd (TSL) is going to list its equity shares on the exchanges today. The company has fixed issue price at higher end of price band of Rs130-150 a share. Flexituff International, a leading integrated manufacturer of flexible intermediate bulk containers (FIBC), will also list its equity shares on the exchanges today. The company has fixed issue price at Rs155 a share.

FII/MF ACTIVITIES

As on 18-10-2011

FII
(Rs cr)
MF*
(Rs cr)
Gross purchase

1889.90

292.80

Gross sale

1492.40

522.40

Net investment

397.50

(229.60)

*As on 17-10-2011

Daily trend of FII/MF investment in equities
The FIIs have purchased Indian stocks to the tune of Rs397.50 crore on October 18, 2011. The domestic investors have sold Indian shares worth a net of Rs229.60 crore on October 17, 2011. The data is as per the SEBI website.

GLOBAL INDICES

The European shares fell on Tuesday (October 18, 2011), led by French banking stocks after a Moody's warning about France's credit rating fuelled worries about possible contagion in the euro zone debt crisis, while miners fell after China's third-quarter growth slowed.

The US stocks surged late in trading on Tuesday as buyers latched onto another report of agreements to strengthen the euro zone's rescue fund to bid up stocks aggressively.

The Asian markets were trading mixed on Wednesday (October 19, 2011). A cut to Spain's sovereign credit rating from Moody's Investors Service kept investors' risk appetite in check. SGX Nifty was trading 15 points higher.

Commodity cues
Oil prices rose on Tuesday, as strong bank earnings lifted markets and outweighed pressure from weak Chinese economic data.

 COMMODITIES

Commodity

Level ($)

Chg ($)

Gold

1652.80

(23.80)

Silver

31.83

0.01

Crude

88.34

1.96


Manage your newsletter subscriptions

     

To know more about our products and services, click here.


Sharekhan Ltd. Regd Add: 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400 042, Maharashtra. Tel: 022 - 61150000. BSE Cash-INB011073351; F&O-INF011073351; NSE - INB/INF231073330; CD - INE231073330; MCX Stock Exchange : CD - INE261073330 DP: NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; PMS INP000000662; Mutual Fund: ARN 20669.

"This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees ("SHAREKHAN and affiliates") are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. 
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN."

To unsubscribe write to mailto:myaccount@sharekhan.com

 

posted by Anonymous @ 8:38 PM  

0 Comments:
Post a Comment
<< Home
Latest Post

Result Alert For Scrip : RELIANCE...

Post-market: Sensex discounts high inflation, rise......

Post-market: Markets end volatile session lower...

Post-market: Sensex dips 299 points on profit booking...

Buzz (Metal & Energy): "We're moving higher on sho......

Buzz (Metal & Energy): Bullions rally, Industrial ......

Weekly-market: Markets surge 6% after 5-week fall...

Currency Eagle Eye...

Post-market: Sensex closes 200 points higher after......

Post-market: Markets end lower for 2nd day...

   

ShareKhan Newsletter Blog  

All credit goes to original authors of these articles.