08-05-2012

 Market is expected to open on flat note, we can see Nifty spot to trade around 5110-5100 in opening trade, if Nifty spot able to cross the 5130 level we could see some support buying to initiate in market, Nifty spot is having resistance at 5130-5160 above 5160 we can see some comfort in market and it could move till 5200, whereas Nifty spot is having supports at 5080-5050 below that we may see some selling pressure in market and it could slide lower till 5000.


Data Alert From Overseas –

•German Industrial Production m-o-m at 3:30 pm.

Domestic Sector News –

• COAL: The gap in demand and supply of coal has further widened to 161.5 mln tn in 2011-12.

• ENERGY: Power Minister Sushilkumar Shinde said around 80,000 MW power generation capacity is under construction during the 12th Five Year Plan period ending Mar 31, 2017. Central
Electricity Authority has sought intervention from the Prime Minister's Office on fuel supply agreements as several companies have refused to sign a pact with COAL INDIA amid
differences over penalty to be paid by the latter if it fails tosupply 80% of the contracted fuel to them.




• PHARMACEUTICALS: Government has stopped giving permission to foreign companies and overseas investors to buy into Indian drugmakers until clear guidelines regarding foreign direct investment in the sector are finalised.

• TELECOM: Qualcomm will get airwaves that will allow it to start 4G services and proceed with its business plans. However, the company will be penalised for the delay in applying for internet
service providers' licence. The government is in favour of an outof- court settlement with Sistema on the 2G licence issue

Domestic Stock Specific News -

•Govt defers anti-tax avoidance rule by one year to FY14.
• Govt withdraws proposal of excise duty levy on jewellery.
• Moody's says RBI Basel-III norms credit positive for Indian banks.
• Subros JV partner DENSO plans new unit in Haryana for 2.7 blnrupee.
• Jet Air suspends Mumbai-Johannesburg route to focus onprofits.
• Bharti Airtel launches 4G services in Bengaluru.

International News -
•German factory orders increased 2.2% in March.


Today’s Result –

Aparinds, Gardensilk, Purva, Asianpaint, Gichsgfin, Revathi, Bajajhind, Glenmark, Smartlink, CEATltd, Hanung, Srtransfin, Centralbk, Hindalco, Sudar, CESC, IDFC, Suranaind, Crestani, Jayagrogn, Tatacoffee, Denabank, Kotakbank, TRF, Eimcoeleco, Megasoft, Ubengg, Emamiltd, Nextmedia, Ucalfuel, ESL, Orienthot, Whirlpool, Fmgoetze, Punjabchem .

Results Announced on 07-05-2012 -

•Jubilant Life Jan-Mar consol loss 63.53 cr rupees vs 61.72 cr PAT (YoY)
• SKS Microfinance Jan-Mar net loss 329.52 cr rupee vs 69.76 cr loss (YoY)
• HDFC Jan-Mar net profit 1326.14 cr rupees vs 1141.95 cr (YoY)
• GSK Consumer Healthcare Jan-Mar net profit 131.97 cr rupees vs 110.62 cr rupees (YoY)
• Bank of India FY12 consol net profit 2724.86 cr rupees vs 2542.42 cr rupees (YoY)
• Bosch Jan-Mar net profit 335.82 cr rupees vs 274.39 cr yr ago (YoY)
• South Indian Bank Jan-Mar net profit 121.95 cr rupee vs 81.77 cr (YoY)
• Andhra Bank Jan-Mar net profit 339.67 cr rupees vs 312.78 cr (YoY)


EX- Dividend + Board Meeting -
EX- Dividend – Marico, Orient Refractories, State Bank Trav


Board Meeting (Purpose) – Akanksh Cel (General), Glenmark Pharma (Dividend), Shriram Trans (Dividend), Asian Paints (Dividend), Smartlink Net (Dividend), IDFC (Dividend), Ceat (Dividend), Steelcast (General), Central Bank (Dividend), SuranaInds (Dividend),Swastik Safe (Dividend),  Kotak Mah Bank (Dividend), Tata Coffee (Dividend), Dena Bank (Dividend), Eimco Elecon (Dividend), TRF (Dividend), Emami (Dividend), Oriental Hotels (Dividend), Paushak (Dividend), GIC Housing
(Dividend),Puravankara Proj (Dividend).