Live News

11:43

Fixes Record Date for Payment of Interest Shriram City Union Finance Ltd has informed BSE that September 07, 2013 has been fixed as the Record Date for the purpose of Payment of Interest for NCD.

11:30

Fixes Record Date for Payment of Interest

TDI Infrastructure Ltd has informed BSE that August 29, 2013 has been fixed as the Record Date for the purpose of Payment of Interest for NCD.

11:18

Fixes Record Date for Payment of Interest SREI Infrastructure Finance Ltd has informed BSE that September 02, 2013 has been fixed as the Record Date for the purpose of Payment of Interest for NCD.

11:12

Financial Results for June 30, 2013 Jaihind Synthetics Ltd has informed BSE about the Financial Results for the period ended June 30, 2013.

  11:03

Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Gujarat Ambuja Exports Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 11:02 Fixes Record Date for Payment of Interest IFCI Venture Capital Funds Ltd has informed BSE that August 30, 2013 has been fixed as the Record Date for the purpose of Payment of Interest for NCD. 10:56 Disclosure of Voting results of AGM (Clause 35A) CG Vak Software & Exports Ltd has informed BSE regarding the details of Voting results at the Annual General Meeting of the Company held on August 23, 2013, under Clause 35A.

26/08/2013 11:02

Fixes Record Date for Payment of Interest IFCI Venture Capital Funds Ltd has informed BSE that August 30, 2013 has been fixed as the Record Date for the purpose of Payment of Interest for NCD.

10:45  McNally Bharat gets 3.09-bln-rupee order
08:17 : Steel Stocks Outlook: Rangebound; mkt has factored in pluses
08:17  Equity Alert: FIIs net buy stock futures worth 8 bln rupees Fri
08:16 : Capital Goods Stocks Outlook: Seen up on short covering
08:16 : Bank Stocks Outlook on recovery path; bias for PSUs negative
08:14 : Auto Stocks Outlook: To move along expected Aug sales figure
08:13 : Cement Stocks Outlook: Seen in red as demand still elusive
08:05 Stocks to Watch: ONGC, Jet Airways, Oil India, Hexaware, Gail India
08:05 -- ONGC in pact with Andarko to buy 10% in Rovuma block for $2.6 bln

Daily Report 26-08-2013

Data Alert From Overseas –
. US Core Durable Goods Orders m/m at 6.00 pm.

Domestic Stock Specific News –
. Govt says see FY16 total spend at 19.46 trln rupees
. Govt says fiscal consolidation hinges on growth in gross tax revenue
. Govt says effective revenue gap to be reduced to nil by FY16
. Jr finance minister says no plan to up foreign invest cap in banking
. RBI ED Mohanty says policy easing limited by inflation, external risks
. Telecom secy says Reliance Industries applied for unified licence
. RIL-BP announce second deepwater gas discovery in Cauvery basin
.Trade minister says to discuss trade payments to Iraq in rupee terms
. Source says BHEL lowest bidder for 1000 MW Neyveli Lignite unit tender
. NTPC CMD says may invest in power distribution if approached by states
. SBI source says need govt capital commitment before bank arms' merger
. BEML seeks shareholder nod for shr buyback provision
. Speaker suspends 12 members from Lok Sabha for next 5 days
. Tina Ambani tells 2G court she has no role in Reliance ADAG
. PSU oil cos hold talks to source LNG from US-based suppliers
.Govt says gradual fuel price hikes to aid oil cos' financial health

International News -
. US New Home Sales declined 13.4% to 394K in July from 455K in June

IIP DATA

12-03-2013

NW18: Stocks To Watch: Berger Paints, ITC, TCS, Power Grid Corp
    NewsWire18, Tuesday, Mar 12 - Morning brief for the stock market:
.
.
BIG PICTURE
* The World Bank said India's gross domestic product would grow at 6% in
  2013-14, and even higher thereafter. (var)
.
.
TOP EVENTS TODAY
.
* Index of Industrial Production for January
* CPI for Combined, Rural, and Urban for February
.
* Board Meetings of:
  + OM Metals Infraprojects, to consider interim dividend
  + Sterling Holiday Resorts India, to consider allotment of shares
.
.
INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Mar 11: FII 9.88, DII (7.86)
* Institutional net buy/(sale) in bln rupees, Mar 10: FIIs 13.67
* FII NSE futures net buy/(sale) in bln rupee, Mar 11: index (0.68), shr 3.81
* Sensex 19646.21, down 37.02 points; Nifty 5942.35, down 3.35 points
* Crude: $92.06/bbl; Rupee: 54.40/$1; Gold: $1,581.80/ounce; 10-yr yld: 7.8412%
.
.
OUTLOOK
* Stock indices are seen opening up tracking positive overseas markets, but
gains may be capped ahead of India's industrial production data for January
due at 1100 IST.
.
GLOBAL STOCK MARKETS
* US: Dow Jones Industrial Average ended at an all-time high Monday as the
recent positive economic data continued to buoy sentiment.
.
* ASIA: Most indices rose today, tracking overnight gains in US equities, with
continued weakness in the yen aiding Japanese shares.
.
.
SECTOR NEWS
===========
* AUTOMOTIVE: Honda Motorcycle and Scooter India has said it would edge past
HERO MOTOCORP by 2015 to become India's leading two-wheeler seller. (ToI)
.
* AVIATION: Heads of domestic airlines have expressed inability to comply with
the Supreme Court's direction to display the number of seats at each fare level
and compressing the wide range of prices for a route. (ET)
    Planning Commission Deputy Chairman Montek Singh Ahluwalia said inter-
ministerial differences would be sorted out to facilitate the formation of the
AirAsia-Tata joint venture in India. (ET)
.
* BANKING: SREI group plans to set up a bank with strong rural presence. (BS)
.
* ECONOMY: The recent changes in prices of bulk diesel and non-subsidised
cooking gas may not get reflected in the Wholesale Price Index. (NW18)
.
* COAL: International Coal Ventures is targeting coal assets in Colombia,
South Africa, and Russia. (NW18)
    The government has deferred pool pricing of coal to next financial year.
(BL)
.
* EXCHANGES: The BSE's SME platform has received stronger response than National
Stock Exchange's SME exchange, as 14 companies have listed on the former as
against two on the latter. (NW18)
.
* FOREIGN INVESTMENT: CLSA Asia-Pacific Markets' Managing Director Christopher
Wood has reduced his overweight position on India citing weak GDP data, and said
the 2013-14 Budget may not encourage reforms. (BS)
    The government may hike the ceiling on foreign investment in gilts and
corporate bonds by $10 bln each in a bid to cut current account deficit. (FE)
.
* MERGERS AND ACQUISITIONS: Private equity firm KKR and Co is close to buying
Warburg Pincus Llc's 80% stake in Alliance Tire Group. (Mint)
.
* PHARMACEUTICALS: A government panel studying means to make patented drugs
affordable has proposed a mechanism that will apply only to drugs bought via
public procurement and health insurance companies, leaving out three-fourths
of the population exposed to fluctuations in market price. (ET)
.
* REGULATOR: The Securities and Exchange Board of India has made it compulsory
for compliance officers to get requisite certifications to operate in the stock
markets. (FE)
.
* TELECOM: Sistema Shyam Teleservices will seek upfront adjustment of 16.26 bln
rupees in the amount it has to pay to government for spectrum in eight telecom
circles. (NW18)
    The department of telecom has sought the defence ministry's approval to
classify select telecom products as "security sensitive" in the run up to
mandating 100% domestic sourcing for private sector gear procurements. (ET)
    An auction for radio spectrum on the 800MHz wavelength earned the government
35 bln rupees after three rounds of bidding. (Mint)
.
* TOBACCO: West Bengal government has hiked sales tax on tobacco products by
500 basis points to 25%. (NW18)
.
.
STOCKS
======
* AANJANEYA LIFECARE: Has deferred its FCCB issue until further notice due to
hostile market conditions. (NW18)
.
* BERGER PAINTS INDIA: Arm Brushworks Paints has acquired Sherwin Williams
Paints India for an undisclosed sum through internal accruals. (NW18)
.
* BHUSHAN STEEL: Supreme Court has directed the Odisha government to maintain
status quo on applications for lease on 1,700 ha of iron-ore mines in Sundergarh
and Keonjhar districts, to which the company lays claim to. (NW18)
.
* CAIRN INDIA: The company is evaluating the possibility of taking over its
parent, the UK-based Cairn Energy. (HT)
.
* COMPUAGE INFOCOM: Has exited completely from Greenvision Technologies by
selling its equity investment. (NW18)
.
* CORE EDUCATION & TECHNOLOGIES: Moody's Investors Service has downgraded the
corporate family rating of the company to B2 from B1, with a negative outlook.
(NW18)
.
* DREDGING CORP OF INDIA: Is planning an overseas foray and has already bagged
its first contract for capital dredging in the Kanakesanturai harbour in Sri
Lanka. (NW18)
.
* ELECTROSTEEL CASTINGS: Court has placed a stay on proceedings against the
company's coal joint venture. (NW18)
.
* GREAT EASTERN SHIPPING: Has signed a contract to sell a panamax dry bulk
carrier. (NW18)
.
* GOMTI FINLEASE INDIA: Plans to invest 150 mln rupees in KDJ Hospital. (NW18)
.
* HELIOS & MATHESON: Expects consolidated revenue to grow 40% in 2012-13
(Oct-Sep) and the current growth momentum to continue for 2 more years. (NW18)
.
* HINDUSTAN ZINC: Supreme Court has ruled that the company is required to pay
royalty to the Rajasthan government only on lead or zinc extracted from ores
mined in the state and not on the entire mineral. (NW18)
.
* ITC: Five directors sold a total of 865,000 shares of the company in the
open market on Feb 28. (NW18)
.
* MAGMA FINCORP: Has sought approval of shareholders through postal ballot for
raising up to 5 bln rupees through equity or equity-linked instruments. (NW18)
.
* MAHINDRA & MAHINDRA: Godrej Industries' MD Nadir Godrej, who is also on the
company's board, on Mar 7 bought 2,000 shares at 874.83 rupees each, aggregating
to 1.75 mln rupees. (NW18)
.
* MAHINDRA LIFESPACE DEVELOPERS: Foreign institutional investors' holding in
the company touched 28.10% on Mar 8. (NW18)
.
* POWER GRID CORPORATION OF INDIA: Has approved 557 mln rupees investment for
transmission system associated with Meja thermal project. (NW18)
.
* SKS MICROFINANCE: Has paid 5 mln rupees penalty to Insurance Regulatory and
Development Authority. (NW18)
.
* SQL STAR INTERNATIONAL: Has withdrawn scheme of arrangement for compromise and
amalgamation between the company, Mind Logicx, and their respective shareholders
and creditors. (NW18)
.
* TATA CONSULTANCY SERVICES: Operating margin is likely to slip 25 basis points
in Jan-Mar on the back of a one-time lawsuit settlement of around 1.6 bln
rupees. (BS)
.
* TATA TELESERVICES MAHARASHTRA: Had total 10.49 mln subscribers as on Feb 28.
The company offers telecom products and services under the TATA DOCOMO brand.
(NW18)
.
* TYCHE INDUSTRIES: The company's unit at Kakinada has received approval from
German Regulatory Authority for 11 active pharmaceutical ingredients. (NW18)
.
* TV18 BROADCAST: US' Viacom may buy 50% stake in ETV's regional general
entertainment channels; TV18 owns the remainder. (BS)
.
* UNITED SPIRITS: The capital markets regulator has approved Diageo Plc's bid
to acquire a majority stake in the company, with the inclusion of a clause that
will allow Diageo to later sell assets of the company. (Mint)
.
* WENDT INDIA: A Bengaluru court has issued an ad-interim order of temporary
injunction preventing 3M INDIA and Precomp Gears from using the trade name
"WENDT" for branding its machine tools, abrasives, and grinding machines. (NW18)
End
.

07-03-2013

NW18: Stocks To Watch: ITC, Mahindra Holidays, MCX, DLF, IL&FS Engg
 
.TOP EVENTS TODAY
* Board Meetings of:
  + Kesar Enterprises, to consider preference shares conversion.
  + Rasi Electrodes, to consider allotment of convertible warrants.
  + Southern Ispat and Energy, to consider raising funds.
  + Southern Petrochemicals Industries Corp, to mull issue of conv warrants.

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Mar 6: FII 5.24, DII (6.0)
 Institutional net buy/(sale) in bln rupees, Mar 5: FIIs 3.04, MF (0.28)
* FII NSE futures net buy/(sale) in bln rupee, Mar 6: index 1.91, shr 6.10
* Sensex 19252.61, up 109.44 points; Nifty 5818.60, up 34.35 points.
* Crude: $90.43/bbl; Rupee: 54.72/$1; Gold: $1,574.9/ounce; 10-yr yld: 7.8601%


OUTLOOK
* Indices are likely to open on a weak note due to mixed cues from key Asian
  markets, with Nifty likely to face resistance near 5850.


GLOBAL STOCK MARKETS
* US indices ended up on Wednesday, as investors cheered better-than-expected
  private payrolls data for February.

* ASIA: Key equities were trading mixed and most indices witnessed profit
  booking after two sessions of gains. Japan's Nikkei was up, as investors
  expect Bank of Japan to adopt a reflationary monetary policy.


IPO NEWS
========
* Bothra Metals & Alloys' 4.88-mln-share issue to open on Mar 12, and close
  on Mar 14. Issue price is set at 25 rupees. Shares proposed to be listed
  on the BSE SME platform.


SECTOR NEWS
===========
* AVIATION: Singapore-based Tiger Airways to offer low-cost tickets from six
  Indian destinations to Singapore. (NW18)
      Indian skies saw air traffic fall 3.0% during 2012, and 3.8% in
January.
  (NW18)
      Ratan Tata has said the approval by the Foreign Investment Promotion
  Board to Malaysian carrier AirAsia for taking 49% stake in a proposed
  joint venture with Tata Sons would reinforce investment sentiment in
  India. (NW18)
.
* ENERGY: The government has constituted a steering committee on offshore
  wind energy to push development of such projects in the country. (NW18)
      Oil minister has said state-owned oil-marketing companies need to be
  compensated for the revenue losses incurred by them on sale of subsidised
  fuels or they would end up in the red soon. (NW18)
.
* FINANCE: Everstone Capital to buy 15% stake in Hinduja Leyland Finance for
  2 bln rupees. (ET)
.
* INFORMATION TECHNOLOGY: Embassy Group and private equity major Blackstone
  to buy IT park in Bengaluru for 19.51 bln rupees. (ToI)
.
* PENSION FUNDS: India's pension fund regulator has allowed fund managers of
  the National Pension System to invest directly in stocks. (Mint)
.
* REGULATORY: The RBI has sought complete verification of the beneficiaries'
  list under the farm loan waiver scheme, with priority on areas where
  indebtedness was high. (NW18)
      SEBI at its board meet on Friday said it is likely to tweak preference
  share norms allowing them to be listed on the stock exchanges to make
  it easier for banks and companies to raise funds. (ET)
      SEBI plans to shift illiquid stocks from the normal trading platform
  to "call auction" system in a bid to curb share price manipulation.
  ITDC, WESTLIFE DEVELOPERS, PILANI INVESTMENT are some of the likely
  illiquid stocks. (ET)
.
* SPECIAL ECONOMIC ZONE: The revised special economic zone norms are likely
  to be announced along with India's foreign trade policy in March. (NW18)
.
* STEEL: Rajasthan has reduced local tax on stainless steel wire and wire rod
  to 5% from 14% earlier. (NW18)
.
* STOCK EXCHANGE: The Inter-connected Stock Exchange of India is looking to
  sell its broking arm ISE Securities & Services and has invited bids
  for the same until Mar 22. (BS)
.
* TAXATION: The government is looking to cut the withholding tax on foreign
  investments in corporate bonds. (ET)
.
* TOBACCO: Rajasthan has hiked the value-added tax rate for tobacco products
  to 65% from 50% in the state's Budget for 2013-14 (Apr-Mar).  (NW18)
.
* TELECOM: The Empowered Group of Ministers on spectrum has decided that the
  telecom department will approach the Supreme Court after the conclusion of
  Mar 11 auction of 2G spectrum. (NW18)
.
.
STOCKS
======
* ABG SHIPYARD: The company and private investment fund Tano Capital to
  sell Italian electric motor maker Cemp, which they acquired in 2007,
  for about 3 bln rupees. (ToI)
* ADITYA BIRLA CHEMICALS (INDIA): Has commissioned commercial production of
  caustic soda at its brownfield unit at Renukoot in Uttar Pradesh. (NW18)
.
* BANK OF INDIA: Has allotted 22.12 mln shares to the government on
  preferential basis at 365.70 rupees a share. (NW18)
.
* COAL INDIA: Has said it may have to cut prices of its high-quality coal. (BS)
.
* DLF: Board has approved institutional placement programme and other routes
  to trim its promoter stake to meet SEBI's minimum public shareholding norm.
  (NW18)
.
* ELDER PHARMACEUTICALS: Is planning to set up a joint venture with Japanese
  company KOSE Corp for manufacturing and selling cosmetics in India. (NW18)
.
* HINDUSTAN PETROLEUM CORP: Board has approved setting up a 9-mln-tn refinery-
  cum-petrochemicals complex in Rajasthan at an investment of around 370 bln
  rupees. (NW18)
      The company along with Shapoorji Pallonji will set up a 50-bln-rupee
  terminal on Gujarat coast to import liquefied natural gas. (HT)
.
* HOUSING DEVELOPMENT FINANCE CORP: Will raise 5 bln rupees through five-year
  bullet redemption bonds. (NW18)
.
* ICICI BANK: Will this month auction 25 kg gold jewellery pledged with it
  for loans to recover dues. (PTI)
.
* IL&FS ENGINEERING: SEBI has disposed off the case against a couple charged
  with fraudulent trading in shares of the company. (FE)
.
* MAHINDRA HOLIDAYS & RESORTS INDIA: Promoter MAHINDRA & MAHINDRA to sell
  3.4 mln shares of the company, or 4.02% stake, via an offer for sale today,
  floor price for which has been set at 270 rupees per share. (NW18)
.
* MAHINDRA & MAHINDRA: Workers at Nashik unit have been on a tool-down strike
  since 1800 IST on Tuesday following the suspension of the general secretary
  and another leader of the labour union at the plant. (NW18)
      Company's President Goenka said the current duty structure on electric
  cars is quite disappointing and it may impact the company's sales volume.
  (NW18)
.
* MCNALLY BHARAT ENGINEERING CO: Has issued 400 mln cumulative non-convertible
  redeemable preference shares to Tata Capital Financial Services. (NW18)
.
* MULTI COMMODITY EXCHANGE: NYSE Euronext to sell 2.44 mln shares
representing
  4.8% stake in the exchange via a block deal today in a price range of
  1,005 rupees to 1,026 rupees per share. (var)
.
* NIMBUS PROJECTS: Is planning to buy 100% stake in a Delhi-based company and
  will seek the approval of the board for the same on Mar 13. (NW18)
.
* RASHTRIYA CHEMICALS AND FERTILIZERS: Government to sell 68.96 mln shares,
  or 12.5% stake, of the company through offer for sale on Friday. (NW18)
.
* RELIANCE INDUSTRIES: The Bombay High Court has disposed off the petition
  filed by SEBI against the Chief Information Commissioner directing it to
  disclose information regarding the 2007 insider trading in the company. (BS)
.
* ROLLATAINERS: Has entered a joint venture pact with Japan's Toyo Machine
  Manufacturing Co for production of packaging-related machines and
  spare parts. (NW18)
.
* TATA STEEL: Plans to raise $1 bln through overseas bond issue by March
  end. (ETNow)
.
* ULTRATECH CEMENT: Has despatched 3.31 mln tn cement in February, 6% lower
  than a year ago, while production during the month fell 4% to 3.32 mln tn.
  (NW18)
End
.
Sources - Print or Web editions of:
AA--The Asian Age; BB--Bloomberg; BS--Business Standard; BL--The Hindu
Business Line; NW18--NewsWire18; DNA--Daily News and Analysis; ET--The
Economic Times; FT--Financial Times; FE--The Financial Express; FC--Financial
Chronicle; HT--Hindustan Times; IE--Indian Express; MWA--MarketWatch;
PTI--Press Trust of India; RTR--Reuters; TH--The Hindu; ToI--The Times of
India; var--various.
.
Compiled by Vidya Sreedhar, Saket Sundria, and Priyanka Salve

05-03-2013

NW18: Stocks To Watch: RIL, GMR Infra, Bharti Airtel, Natco Pharma
    NewsWire18, Tuesday, Mar 5 - Morning brief for the stock market:

BIG PICTURE
* Chidambaram says no plan to unilaterally change Mauritius tax pact (NW18)
* Parliament to mull retrospective tax when Vodafone row ends (NW18)
* Euro leaders urge for budget cuts as Italy moves closer to elections (BB)


TOP EVENTS TODAY

* Services PMI and composite PMI for February, by HSBC
* Godrej Properties to announce a new business venture

* Oct-Dec earnings to be detailed by: KS Oils, Standard Chartered

* Board Meetings of:
  + Aanjaneya Lifecare to announce opening date of FCCB issuance
  + Mukta Arts to consider forming new exhibition arm
  + Unique Organics to consider forfeiture of shares


INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Mar 4: FII (0.30), DII (1.11)
* Institutional net buy/(sale) in bln rupees, Mar 1: FIIs 9.15, MF (0.59)
* FII NSE futures net buy/(sale) in bln rupee, Mar 4: index 3.99, shr 5.71
* Sensex 18877.96, down 40.56 points; Nifty 5698.50, down 21.20 points
* Crude: $90.12/bbl; Rupee: 54.86/$1; Gold: $1,572.4/ounce; 10-yr yld: 7.8850%


OUTLOOK
* Domestic share indices are seen opening tad up on positive cues from
  overseas markets.


GLOBAL STOCK MARKETS
* US equities ended slightly up on Monday due to bargain buying in select
  index majors.

* Asian indices rose on hopes that central banks across the globe will
  continue to provide stimulus to their respective economies to
  growth.


SECTOR NEWS
===========
* AUTOMOBILES: Ford India has launched a limited edition of Figo hatchback
  with the petrol version priced at 415,999 rupees ex-showroom Delhi. (NW18)
      Harley-Davidson cuts prices of some of its models by 400,000 rupees;
  the company plans to locally assemble three more models--Fat Boy,
  Fat Boy Special, Heritage Softail Classic.  (BS).

* BANKING: Fitch Ratings has said that the issuance of new banking licences
  in India is likely to be highly selective given the challenges that new
  entrants face and the cautious approach of RBI. (NW18)

* DEBT MARKET: Finance Minister P. Chidambaram said Monday that the
  government is examining removing the sub-limit for foreign
  institutional investors in debt segment. (NW18)

* ECONOMY: Finance Minister P. Chidambaram has expressed hope of interest
  rate cut but added that a final call had to be taken by the RBI governor.
  (NW18)

      The finance minister said India's current account deficit was "a more
  worrying deficit" than the fiscal gap, making it imperative to attract
  foreign inflows. (NW18)

 FINANCIAL SERVICES: HOUSING DEVELOPMENT FINANCE CORP, DEWAN HOUSING
  FINANCE, LIC HOUSING FINANCE, and National Housing Bank have sought RBI's
  approval to raise up to $1 bln via external commercial borrowing. (NW18)
      National Housing Bank aims to securitise home loan pools worth 2 bln
  rupees within a month. (NW18)

* FOREIGN TREATY: Prime Minister Manmohan Singh will visit Abu Dhabi later
  this month to discuss an investment protection treaty between the two
  countries. (ET)

* OIL AND GAS: Arvind Mayaram, secretary, department of economic affairs,
  the finance ministry said that the government could levy a cess to block
  diversion of bulk diesel by companies trying to take advantage of
  price arbitrage. (IE)

* PHARMACEUTICALS: The Department of Industrial Policy and Promotion plans to
  extend the provision of compulsory licence beyond cancer drugs, a move that
  may result in steep fall in prices of key drugs. (ET)

* ROADS: National Highways Authority of India has received 17.77 bln rupees
  from the government as its share from the toll collected on national
  highways for the current financial year, much lower than the 35.54 bln
  rupees announced in the Budget last year. (IE)

* STEEL: India's finished steel production grew 3.1% year on year in Apr-Jan
  to 64.47 mln tn, Steel Minister Beni Prasad Verma said. (NW18)

* TAXATION: India has signed an agreement with Bhutan for avoidance of
  double taxation and prevention of tax evasion. (NW18)


STOCKS
======
* ADANI ENTERPRISES: Adani Agro has set a clearing price of 221 rupees per
  share for its offer for sale of 8.5 mln shares of the company, which was
  slightly oversubscribed. (NW18)

* BHARTI AIRTEL: Telecom Minister Kapil Sibal has given approval for imposing
  a 3.5-bln-rupee penalty on the company for violating 3G licence conditions.
  (PTI)
 Malaysia-based Axiata has approached Bharti Airtel to buy the latter's
  Sri Lanka business. (BS)

* BS LTD: Arm BS Enviro Solutions has entered into a definitive agreement to
  buy 51% stake in Skywater India. (NW18)

* CORE EDUCATION AND TECHNOLOGIES: Standard & Poor's Rating Services has
  placed its long-term corporate credit rating on the company in
  CreditWatch with negative implications. (NW18)

* ESSAR OIL: Plans to spend around 25 bln rupees over the next year on
  drilling new wells and other infrastructure to ramp up gas production from
  its coal-bed methane block at Raniganj. (NW18)

* FINKURVE FINANCIAL SERVICES: Has acquired 99.99% stake in RSBL Commodities.
  (NW18).
* GAMMON INDIA: In talks with investors to sell up to 24% stake in subsidiary
  GAMMON INFRASTRUCTURE. (ET)

* GMR INFRASTRUCTURE: Has entered into an agreement with FPM Power Holdings
  to sell 70% stake in GMR Energy (Singapore) for Singapore $660 mln. (NW18)

* HINDUSTAN UNILEVER: Seeks to sell 25-acre land near Hyderabad. Last date to
  submit bids for the same is Apr 8. (NW18)

* HINDUSTAN ZINC: Minister of State for Commerce and Industry D. Purandeswari
  has urged the government not to divest further stake in the company. The
  minister has alleged that Vedanta group has not paid salaries to the
  employees for the past two months. (BS)

* IDFC: Arm has bought assets worth 2.5 bln rupees in Pune-based Paranjpe
  Schemes (Construction) Ltd's Hinjewadi special economic zone. (Mint)

* INDIAN OIL CORP: The company's 15 mtpa refinery at Paradip, Odisha is
  expected to be complete by November. (NW18)

* INFOSYS: Plans to hire around 200 new employees at its Cumberland office in
  Atlanta, US, in 2013-14 (Apr-Mar). (NW18)

* JET AIRWAYS INDIA: Has replaced Airbus 330-200 with the higher capacity
  Airbus 330-300 on its Delhi-Toronto-Delhi route via Brussels because of
  growing demand. (NW18)

* LLOYDS STEEL INDUSTRIES: Has received shareholders' approval for its
  proposed conversion of preference shares held by lender IDBI BANK into
  shares. (NW18)

* MAHINDRA & MAHINDRA: Group posted a consolidated net profit of 12.54 bln
  rupees for the quarter ended Dec 31, up 50.8% on year. (NW18)

* MAHINDRA LIFESPACE DEVELOPERS: Foreign institutional investors' holding in
  the company 28.06% on Mar 1. (NW18)

* NATCO PHARMA: The Intellectual Property Appellate Board has upheld a
  compulsory licence allowing the company to manufacture and sell the
  cancer drug of Bayer Corp of India. (var)

* OIL AND NATURAL GAS CORP: Defence ministry has rejected three blocks of
  the company and one each of CAIRN INDIA and BG Group on the east coast
  for drilling activities. (NW18)

* POLARIS FINANCIAL: Is likely to hive off its IT services and cloud
  computing units in separate deals. (ToI)

* RASHTRIYA CHEMICALS AND FERTILIZERS: Expects to kick off the
  41.12-bln-rupee expansion project at its Thal unit in May. (NW18)

* RELIANCE INDUSTRIES: Defence ministry has cleared the company's producing
  KG-D6 block and discovered NEC-25 block in east coast for future drilling.
  (NW18)

* SUZLON ENERGY: Morgan Stanley Asia has bought 145.54 mln, or 8.19%, shares
  of the company from the market. (NW18)

* TATA GLOBAL BEVERAGES: Will market, package, and distribute two products of
  South Indian Green Cardamom Co in India. (NW18)

* TATA MOTORS: Production of Nano at the Sanand plant in Gujarat has been
  cut by over 80% to around 1,500 units a month. (FE)

* TRENT: Company's board has approved the merger of three of its arms,
  Landmark, Fiora Link Road Properties, and Trexa ADMC with itself. (NW18)

* YES BANK: Foreign institutional investors cannot purchase any more shares
  of the bank as the limit for FII holding in the company has reached the
  cap of 49%. (NW18)

Daily Report 04-03-2013

Future Outlook: Combining the above pattern formation on different time frame it is evident that markets are in a firm bear grip. On the other hand as long as 5671 holds there is a possibility that nifty may test the resistance levels of 5870 – 5950 where gain selling is likely to emerge. We maintain our bearish view on the markets and we are of the opinion that rallies near the mentioned resistance levels above are likely to attract selling pressure.


Data Alert From Overseas -
* Europe Spanish Unemployment Change
* Europe Producer Price Index m/m
* Europe Eurogroup Meetings
* Japan Average Cash Earnings y/y
* US FOMC Member Yellen Speaks


Domestic Stock Specific News –
* Govt releases clarification on tax residency issue
* Govt source says to soon clarify on FY14 gross borrow, gilt buyback
* India Feb HSBC manufacturing PMI at 54.2 vs 53.2 in Jan
* PSU cos' Mar 1-15 subsidised fuel sale loss seen 4.32 bln rupee/day
* Deutsche Bank cuts India FY13 GDP growth forecast to 5.25% vs 5.50%
* M&M Feb total automotive sales 47,824 units, up 11%
* Maruti Suzuki Feb total sales down 8% on year at 109,567 units
* Karnataka Bank ups rates on 1-2 year deposits by 25 bps to 9.25%
* NTPC starts commercial ops of 500 MW unit of Vindhyanchal plant
*United Bank ups 1-year deposit rates by 25 bps to 9%
*Official says Bank of Maharashtra eyeing 12-bln-rupee QIP by Jun
* Atul Auto February sales 2,610 vehicles, up 4% on year
* Lupin gets US FDA nod for hypertension drug Avalide generic
* MphasiS says Hewlett Packard non-enterprise svc sales seen up 35% 2013


Macro Economic Calendar
Indian IIP Data : 12th March 2013
Indian Inflation Data :14th March 2013
Indian Monetary Policy : 19th March 2013

Daily Report 22-02-2013

Future Outlook:  Broadly the downward gap area in the zone of 5937 to 5921 reflects that the undertone has turned negative. At present, prices have closed near crucial support zone of 5850 –5824. In coming trading session if nifty trades convincingly below the mentioned zone then it may test 5780 to 5750 levels.  On the upside 5900- 5950 may act as resistance for the day


Data Alert From Overseas  -
* German Final GDP q/q at 12:30 pm.
* US  Unemployment Claims at 7:00 pm.
* US Crude Oil Inventories at 9:30 pm.


Domestic Stock Specific News  –
* President Pranab addresses Parliament Budget Session; stresses on growth
* Lupin gets US FDA nod for anti-anxiety generic lorazepam solution
* Maharashtra Industrial Development Corp seeks bids for 1,320MW unit
* Promoters' open offer for 26% stake in Vyapar Ind Apr 9-25
* SVC Resources to mull JV on Feb 27 to restart Jabalpur mining ops
* NTPC hopes to commission N Karanpura plant's unit 1 in 13th Plan
* CRISIL says difficult for banks to raise non-equity tier I capital
* Mawana Sugars potentially sick company as net worth down over 50%
*Jaiprakash Power launches 35-bln-rupee QIP issue at 31.93 rupee/shr
* Gujarat State Petroleum to raise up to 30 bln rupees via bonds
* Source says Coal India to hike wages of contract staff across 8 arms
* Gujarat Pipavav Port Oct-Dec PAT 359.8 mln rupees vs 270.0 mln
* ABB Oct-Dec net profit 167.7 mln rupees vs 641.2 mln


International News  -
* Markit's Eurozone Services PMI fell in February to 47.3 from 48.6.

Securities in Ban For Trade Date 22-02-2013
Punjlloyd, Suzlon,  Renuka, Hdil.

TODAY’S RESULT –  
Abbott India, Krishna Ferro,  Nestle India, Rain Commodities, Shree Digvijay


EX- Dividend  - Natco Pharma.

Board Meeting (Purpose) – Aditya Gears (Scheme of Arrangement), Lakshmi Over (General), Sybly Inds (Consolidation of Shares).

NW18:Stocks To Watch: Jet Air, MRPL, Tata Chem, Tata Motors, Shriram Fin


BIG PICTURE
* New tax on the 'super-rich' is unlikely to be introduced in FY14 Budget (ET)
* Serial bomb blasts in Hyderabad leave 11 dead, over 50 injured (NW18)


TOP EVENTS TODAY
* Oct-Dec earnings to be detailed by: Bombay Rayon Fashions, KSB Pumps,  Rathi Steel.
* Board Meetings of:
  + Credit Analysis and Research, to consider dividend.
  + IFB Agro Industries, to consider allotment of shares on preferential basis.
  + Lakshmi Overseas Industries, to consider warrants issue.
  + Rajapalayam Mills, to consider dividend.
  + Rathi Steel, to consider corporate debt restructuring proposal.

INDICATORS (previous session)
* NSE provisional net buy/(sale) in bln rupees, Feb 21: FII 12.13, DII (2.29)
* Institutional net buy/(sale) in bln rupees, Feb 20: FIIs 4.55
* FII NSE futures net buy/(sale) in bln rupee, Feb 21 : index (4.86), shr 0.83
* Sensex 19325.36, down 317.39 points; Nifty 5852.25, down 90.80 points
* Crude: $92.92/bbl; Rupee: 54.48/$1; Gold: $1,577.20/ounce; 10-yr yld: 7.8116%

OUTLOOK
* Stock indices are seen opening down, tracking the fall in overseas markets.  Any recovery in indices may be short-lived as investors would keep positions  light ahead of the Union Budget next week

GLOBAL STOCK MARKETS
* US indices ended down Thursday on fears of an end to US Federal Reserve's  quantitative easing, dismal weekly jobless claims, and a drop in the Federal  Reserve Bank of Philadelphia's general economic index.

* Asian indices declined tailing overnight fall in US equities and on weak  Eurozone PMI data for February.

SECTOR NEWS
===========
* AUTOMOBILES: Nissan Motor Co and Renault SA plan to invest around $320 mln in a new car assembly plant in India that will become operational in 2014. (ET)

* AVIATION: AirAsia is likely to invest around $50 mln in its joint venture with Tata Sons for a low-cost Indian airline that may begin operations by  December. (NW18)

* AUTO ANCILLARIES: Anand Group has signed a pact with South Korea's Mando Corp for merging two joint ventures into Mando Automotive India.  (NW18)

* BANKING: RBI may allow real estate companies and brokerages to apply for banking licences. (BS)
 Royal Bank of Scotland will lay off a quarter of its workforce and shutter some branches in India. (ET)

* CONSUMER DURABLES: Several companies are planning to hike price by around 5%. (FC)

* INFRASTRUCTURE: India Infrastructure Finance Co may stand as a guarantor to bonds issued by private infrastructure companies. (HT)

* INSURANCE: Life Insurance Corp former chairman T.S. Vijayan takes over as the chairman of Insurance Regulatory and Development Authority. (NW18)

* LAW: The Supreme Court has ordered setting up a team to analyse the recorded telephonic conversations of Niira Radia in relation to the 2G scam for criminal content. (NW18)
    The apex court has ruled that the capital markets regulator can seek audited accounts of companies seeking nod to function as credit rating agencies. (NW18)

* MINING: The apex court has begun final hearings in the Karnataka iron ore mining case. (NW18)

* MUTUAL FUNDS: HSBC Global Asset Management will scrap exit load on all its funds. (BS)

* REGULATORY: IRDA has introduced a standard definition for 46 commonly used terms in health insurance policies to standardise health insurance. (NW18)

* RETAIL: Government may reconsider the SME sourcing clause for foreign retailers planning to set shop in India. (FE)

* TELECOM: Analysts say companies operating in Mumbai will heave a sigh of relief on the pricing front with the exit of Uninor. (NW18)
    CDMA operator Sistema Shyam Teleservices will close operations in 10 areas in 30 days and participate in the upcoming spectrum auctions. (var)

STOCKS
======
* ABB: Board approves change in company's name to ABB India. (NW18)

* ASHIANA HOUSING: Has bought a 4-acre plot at Neemrana in Rajasthan to extend
its Ashiana Aangan project. (NW18)

* AUROBINDO PHARMA: Will challenge an adjudicating authority order allowing the Enforcement Directorate to attach land belonging to its arm, APL Research.
(NW18)

* FEDERAL BANK: Has cut Base Rate by 25 basis points to 10.20%. (NW18)

* GITANJALI GEMS: Has approved a plan to raise funds via issue of foreign currency convertible bonds, due for maturity in 2018. (NW18)

* GMR INFRASTRUCTURE: The 555-km Ahmedabad-Kishangarh project from which the company pulled out citing delay in clearance has now got all approvals
including environment. (FE)

* GTL INFRASTRUCTURE: Has allotted 629,323 shares on conversion of 116 foreign currency convertible bonds of $1,000 each at 10 rupees per share. (NW18)

* GUJARAT GAS: Has posted Oct-Dec net profit at 692.7 mln rupees, and net sales of 7.56 bln rupees. (NW18)

* GVK POWER AND INFRASTRUCTURE: Its Australian coal mining project's financial closure is on track and is expected to be completed by December. (NW18)

* HAVELLS INDIA: Has raised FII investment limit in the company to 40%. (NW18)

* INFOSYS: Says that US' proposal to increase cap on H1B visas is beneficial for the overall industry and that NASSCOM's IT sector growth aim of 12-14% for FY14
is cautiously optimistic. (NW18)

* JET AIRWAYS: Etihad Airways is putting a host of conditions for a deal, including an option to buy up to 49% stake in the company. (BS)

* KANORIA CHEMICALS: Has fully commissioned its 5-MW solar power plant in Rajasthan. (NW18)

* KINGFISHER AIRLINES: Has paid 749.4 mln rupees to the Income Tax Department in lieu of tax deducted at source. (NW18)
    Smaller lenders to the airline such as ORIENTAL BANK OF COMMERCE, UNITED BANK OF INDIA, and CORPORATION BANK may get to recover their dues by March by selling aircraft. (BS)

* MANGALORE REFINERY AND PETROCHEMICALS: General Insurance Corp of India and four other public sector insurers will reinsure the company's Iranian business. (ET)

* NETWORK18 MEDIA: Has approved selling two business directories that also  are non-core businesses--'Yellow Pages' and 'ASK Me'. (NW18)

* NTPC: Plans to float tenders worth 140 bln rupees for its 1,980 MW Jharkhand project in 2013-14 (Apr-Mar). (HBL)
    The two-day trade union stroke has hit coal supplies to some of the company's plants. (Mint)

* PENNAR INDUSTRIES: Company along with its arm has received orders worth  500 mln rupees. (NW18)

* PETRONET LNG: Is planning a bond issue in April for the first time to raise 6 bln rupees from the domestic market. (NW18)

* RATHI GRAPHIC: To raise 75 mln rupees by issuing 2.5 mln shares to three promoter entities on preferential basis at 30 rupees per share. (NW18)

* RELIANCE INDUSTRIES: Securities Appellate Tribunal on Thursday adjourned hearing on RELIANCE INDUSTRIES' appeal against SEBI till Mar 14. (var)

* ROSELABS FINANCE: Lodha Developers' arm to make open offer to acquire 26% stake in the company at 8.60 rupees per share. (NW18)

* SASKEN COMMUNICATION: Has started increasing focus on newer domains to improve topline growth as revenue from Nokia declines steadily. (NW18)

* SHRIRAM TRANSPORT FINANCE: TPG has sold 10% stake in the company for over 16 bln rupees. (var)

* TATA CHEMICALS: Its Babrala unit in Uttar Pradesh is operating below half its capacity because of lack of demand. (HBL)

* TATA MOTORS: May jointly, with AirAsia, build its low-cost vehicles like Nano, Ace, Magic, and Winger in Malaysia for sale in that country and other markets. (Mint)
    The company is exploring the possibility of adding more models to the production line at its Sanand plant in Gujarat. (BS)

* TVS MOTOR CO: A proxy advisory firm has recommended voting against the special resolution to induct Sudarshan Venu on the  company's board as whole
time director. (ET)  End

Daily Report 21-02-2013

Future Outlook: We maintain our previous day view that 5970 is the immediate resistance for indices. In coming trading session if indices manage to trade above this levels then it may test 6000  –6010 levels. However if nifty fails to cross 5970 level then we may witness a fall towards 5900 – 5850 levels.

Traders are advised to trade with negative bias with a stop loss of  6030 level.


Data Alert From Overseas  -
* German Flash Manufacturing PMI at 2:00 pm.
* US  Unemployment Claims at 7:00 pm.
* US Crude Oil Inventories at 9:30 pm.


Domestic Stock Specific News  –
* PM says hopeful, confident that Budget Session will be fruitful
* Minister says preparing Cabinet note on civil aviation authority
* India Apr-Dec FDI equity inflows $16.95 bln, down 42.1% on year
* ONGC head says plan feasibility study for LNG terminal at  Mangalore
* RIL CFO says cost of doing business in India gone up, returns down
* Trade minister hopes exports in Feb, Mar will be strongly positive
* Minister Nath says govt ready for any type of probe in chopper deal
* Supreme Court begins final hearing in endosulfan ban case
* Everonn, Centum mutually agree to not extend acquisition pact
* Elecon Engineering gets orders worth 1.97 bln rupees
* Vodafone moves Delhi HC against DoT's auction of 900 MHz spectrum
* Govt source says EGoM may OK 2G auction notice inviting bids on Mon


International News  -
* In January 2013 the index of producer prices for industrial products rose by 1.7% from the corresponding month of the preceding year.

Securities in Ban For Trade Date 21-02-2013
Punjlloyd, Suzlon, IRB, Renuka, Hdil.

TODAY’S RESULT –
Abbott India, Krishna Ferro,  Nestle India, Rain Commodities, Shree Digvijay.


EX- Dividend  - Advani Hotels, Amrutanjan Health, Eros Intl Media, Precision Wires, Sterling Tools, Zodiac Cloth.
Board Meeting (Purpose) – Abbott India (Final Dividend).

Daily Report 20-02-2013

Future Outlook: At present looking at the hourly chart, 5970 is the immediate resistance for indices. In coming trading session if indices manage to trade above this levels then it may test 6000  – 6010
levels. However if nifty fails to cross 5870 level then we may witness a fall towards 5900 – 5850 levels.


Data Alert From Overseas  -
* German PPI m/m at 12:30 pm.
* German 10-y Bond Auction .


Domestic Stock Specific News  –
*  Maruti Suzuki Bhargava sees co's FY14 sales growth at 5.5-6.0%
*  Power minister says to request FY14 budget allocation of 490 bln rupee
*  PM says to start negotiations with UK on civilian nuclear pact
*  Govt appeals to bank employees not to join Feb 20-21 union strike
*  Broadcast secy says FM radio phase-3 auction unlikely in FY13
*  2G court cognisant order on extra spectrum chargesheet on Mar 8
*  SEBI fines GMR Ind ex-promoter GMR Holdings on takeover norm breach
*  GSK Pharma Oct-Dec net profit 1.38 bln rupees vs 1.37 bln
* Hotel Leela sells Chennai IT park building for 1.7 bln rupees
*  Bajaj Finance rights share issue closure extended by a day to Fri
*  Solvay ups offer price for Rhodia Specialty shr held since Jul 2000
*  Alstom T&D gets 650-mln-rupee order from Power Grid Corp
*  Elecon Engineering gets orders worth 144.2 mln rupees


International News  -
*Germany's ZEW economic confidence survey index is seen rising to 35 in February from 31.5 in January

Securities in Ban For Trade Date 20-02-2013
Punjlloyd, Suzlon, IRB, Renuka, Hdil.

TODAY’S RESULT –  
Abbott India, Krishna Ferro,  Nestle India, Rain Commodities, Shree Digvijay.


EX- Dividend  - Page Inds
Board Meeting (Purpose) – Abbott India (Final Dividend).