04-05-2012

Future Outlook:  In coming trading session 5150 level is crucial supportfor nifty. If indices trade below this level then 5120 the 200-day SMA is likely to be tested and the fall could extend to 5080 level. However a pull back from current level up to 5232 - 5260 – 5280 levels cannot be ruled
out as momentum oscillator  is showing positive divergence. Cautious approach at current level should be adopted.


Data Alert From Overseas  –
• Retail Sales m-o-m at 2:30 pm.
•Unemployment Rate at 6:00 pm



Domestic Sector News –
• AVIATION: Putting the onus of survival on Air India, an oversight committee has said the company   will receive equity infusion only on achievement of performance milestones.

• BANKING: The finance ministry is mulling a cap on bulk deposits that public sector banks can raise in the last quarter of a year.

• TELECOM: Department of Telecommunications has floated request for proposal for the selection of an auctioneer for the upcoming sale of spectrum. DoT has said it can complete spectrum auctions within the Aug 31 deadline given by theSupreme Court.



Domestic Stock Specific News  -
• India Apr HSBC composite PMI up marginally at 53.8 from 53.6 Mar.
• Cabinet likely to take up FDI in aviation only after Budget Session.
• HC adjourns Indraprastha Gas plea vs regulator order to May 8.
• Source says oil min may appoint arbitrator for RIL KG-D6 case soon.
• Shiv-Vani Oil gets 2-year order for offshore drilling, buys rig.
• Abbott inks pact with Biocon arm for nutrition R&D centre in India.
• Hindustan Zinc ups zinc price by  1,100 rupee/tn to 125,700 rupees.


International News -
• UK home fell by 0.2% in April, following a 1.0% decline in March.
• European Central Bank keeps refinance rate unchanged at 1.00%

Today’s Result –

Bankbaroda, BSL, Corpbank, DBCorp, Deepakntr, Ester, Gillette, Itdcem, KTIL, Niittech, Paperprod, Rswm, Stindia, Suven, Ttkprestig, Ttml, Venusrem, Walchannag.


Results Announced on 03-05-2012  -

• Marico Jan-Mar cons net profit 69.69 cr rupees vs 71.61 cr rupees (YoY).
• Infoedge Jan-Mar cons net profit 39.91 cr rupees vs 26.89 cr rupees (YoY).
• KEC Jan-Mar cons net profit 74.42 cr rupees vs 78.58 cr rupees (YoY).
• Aventis Pharma Jan-Mar net profit 40.1 cr rupees vs 50.6 cr rupees (YoY).
• Piramal Health Jan-Mar net loss 59.43 cr rupees vs 168 cr rupees profit (YoY).
• Finolex Cables Jan-Mar net profit 44.56 cr rupees vs 18.68 cr (YoY).

EX- Dividend  + Board Meeting -

EX- Dividend – Abbott India, BOC India, Foseco India.

Board Meeting (Purpose) – Adcindia (Dividend),  RAS Resorts (Dividend),  BOB (Dividend),  IL&FS  Trans (Dividend), BSL
(Dividend),    Corporation Bank (Dividend),  MCS (General),  DB  Corp  (Dividend)  TTK Prestige (Dividend),  Deepak Nitrite
(Dividend),  NIIT Tech (Dividend).