Daily Report 05-02-2013

Future Outlook: In view of the above formation it is evident that markets are showing sign of weakness. In coming trading session if indices for first hour trades and  close below 5980 levels then it may
test 5950  – 5900 levels. On the upside  6050 – 6120 may act as resistance for the day.

Broadly looking at the weakness on the daily chart we are of the opinion that market has made an intermediate top of 6111.80. Hence one should trade the market with negative bias with a stop 
loss of 6120.


Data Alert From Overseas  -
* German Services PMI at 3.00pm.
* Europe Retail Sales m/m at 3.30pm.
* US Factory Orders m/m at 8:30 pm.


Domestic Stock Specific News  –
* FIIs corner 65% of Oil India offer for sale, LIC sits on sidelines
* Idea hikes pre-paid local voice, 2G data base tariffs in Mumbai
* Hero MotoCorp Gurgaon union source says pay hike offer not suitable
* Supreme Court likely to advance 2G case hearing date from Mar 11
* Crompton in pact with New Zealand co for likely $15 mln/yr orders
* Jammu & Kashmir Bank Oct-Dec net profit 2.89 bln rupees
* JK Cement Oct-Dec net profit 543.8 mln rupees vs 435.2 mln
* Shell India says to challenge tax department's order strongly
* IL&FS Transportation Oct-Dec consol net profit 1.04 bln rupees
* Micro Tech gets vehicle security device order from oil and gas co
* Nissan India hikes vehicle prices by 1.5-2.5% from Feb 1
* Supreme Infrastructure gets orders worth 5.05 bln rupees
* ISMA says India Oct-Jan sugar output 13.75 mln tn, up 3% on year.


International News  -
* Spain’s registered unemployment rose in January as a fifth year of economic downturn left the country with a third of the euro-area’s jobless. The number of people registering for jobless benefits rose by 132,055 from December to 4.98 million, the Labor Ministry in Madrid said today

The FII’s total buying on 04-02-2013 is Rs 856.94 cr while DII total selling Rs 592.33 cr.

* Open Interest of derivative segment increased to Rs 78275.59 Cr vs Rs 74619.60 Cr. 

* FIIs net sellers in index future to the amount of Rs 710.33 Cr and in index options net buyers to   the amount of Rs

489.51Cr.

* Put-Call Ratio at 0.82 vs 0.98. (Bullish).

Today’s Result –

A2Z Maint & Engg, Aashee Infotech, ABM Knowledge, Aditya Ispat, Allsec Tech, AMD Inds, Ansal Buildwell ,APM Inds, AURUM SOFT, Baba Arts, Ballarpur Inds, BB REALTY , Carborundum Uni , CCL  Products ,Compucom Soft , Cosmo Films, Dollex Inds, Dr Agarwals, DS Kulkarni, DSJ Comm, Dynamatic Tech, Empower India, Enkei Wheels, Essel Propack, Fair Deal, Frontline Bsns, Fusion Fitt, GMM Pfaudler, Goldcrest Fin, GTL, Harita Seat, Helios & Matheson, ICDS, Jayavant Prod, JB Chemicals, Jindal Hotels, Jindal Stainless, JTL Infra, Kamalakshi Fin, Kamat Hotels, Khatau Makan, Kiran Prnt, Mangalore Chem, Mcdowell Hold, Mid India Inds, MPIL Corp, NGL Finechem, NHPC, Nicco Corp, NPR Finance, Orient Abr, Orient Refractories, PAE, Paushak, Phillips Carbon, Polylink Poly, Pricol, Punctual Trad, Ram Ratna Wires, Rishiroop Rub, Sahara One, Seamec, Shalimar Wires, Shetron, Sinclairs Hotel. South Asian Entr, Surana Ventures Limited, Surat Textile, Surya Roshni, Technofab Engineering, Themis Medicare, Tijaria Polypipes, Uco Bank, United Bank, United Brew Hldg, Upper Ganges, VHCL Inds, Wheels India



EX- Dividend  – BHEL, EID Parry, HIL.
Board Meeting (Purpose) – Relic Tech (General ).