Nifty Future Outlook: In view of the above formation on the daily chart it is evident that the upward sloping trendline is acting as resistance for the market. In coming trading session 5920 holds significance.
Hence if indices trades and close below 5920 levels then it is likely to test 5880 – 5850 levels. On the upside 6000 – 6050 levels may act as resistance for the day.
Data Alert From India –
. Indian Inflation Data
Data Alert From Overseas -
. German Prelim GDP q/q at 12.30 pm.
. U.SUnemployment Claims at 7.00pm.
Domestic Stock Specific News –
. India WPI inflation falls to 3-yr-low at 7.18% in Dec
. India Dec CPI combined inflation rate 10.56% vs 9.90% Nov
. Govt defers implementation of anti-tax avoidance rules to Apr 1, 2016
. Moody's says India's fiscal improvement depends on growth revival
. Hero MotoCorp Gurgaon union source says no plan to go on strike
. Montek says need To align domestic fuel prices To global rates
. Moody's says Tata Power's Mundra project to increase losses for co
. Urjit Patel takes over as RBI deputy governor
. Jaguar Land Rover to hire 800 individuals at its Solihull plant
. SC final hearing in plea against Cairn-Vedanta deal in Feb
. Jaiprakash Power Oct-Dec loss 976 mln rupee vs 595 mln PAT yr ago
. GATI Oct-Dec consol net profit 50.6 mln rupees vs 10.3 mln
. Tata Housing signs 35-bln-rupee MoU with Gujarat govt
. PVR CEO says Expect movie ticket prices to rise 8-10% in FY14
. Life Insurance Corp sells 2.075% stake in Dr Reddy's Laboratories
. SC final hearing on plea against Cairn India-Vedanta deal in Feb
Securities in Ban For Trade Date 14-02-2013
Welcorp, Punjlloyd, Suzlon, IRB,Renuka,Hdil.
TODAY’S RESULT –
Pradip , Webelsolar , Tulsyan , Usheragro , Visuintl , Shivtex , Zenithcomp , Varun , Sharonbio , Zenithcomp , Sunilhitec , Rkforge , Xlenergy , Sudar , Pipavavdoc , Wstcstpapr , Reisixten , Pioneeremb , Wockpharma , Reiagroltd , Pgil , Welcorp , Rppinfra , Pateleng , Viseshinfo , Rasoypr , Parsvnath , Vikashmet , Ramky , Panasonic , Videoind , Ramanews , Timetechno , Vaibhavgbl , Shlakshmi , Timbor , Nitco , Rkdl , Panamapet , Suryapharm , Pgel , Thirusugar , Sbin , Pfocus , Tfciltd , Sayajihotl , Pearlpoly , Teledatagl , Savera , Paraprint , Sezal , Sathaispat , Padmalayat , Orientaltl , Sarthakind , Onelifecap , Tecpro , Sanghiind , Taksheel , Ommetals , Refex , Kscl , Tatamotors , Sswl , Infodrive , Norbteaexp , Sahpetro , Murliind , Take , Ruchisoya , Nehaint , Syncom , Tricom , Neclife , Suzlon , Srhhypoltd , Jindcot , Sci , Srf , Jaihindpro , Metkore , Sreinfra , Ivrclinfra , Melstar , Ruchinfra , Cranessoft , Mblinfra , Rmmil , Bang , Kserasera , Rmmil , Farmaxind , Iolcp , Ranklin , Astec , Lykalabs , Ranasug , Cantabil , Koutons , Ramsarup , Edserv , Indusfila , Spectacle , Ansalhsg , Kitplyind , Spanco , Alpa , Khaitanltd , Rajrayon , Geodesic , Khaitanele , Rajoil , Geindsys , Indiacem , Rajaspetro , Gayaproj , Marksans , Ucalfuel , Dqe , Marg , Twilitaka , Dhanus , Kernex , Softtechgr , Deepind , Kei , Smlisuzu , Dcm , Kavveritel , Skumarsynf , Bepl , Lumaxauto , Siysil , Kovai , Karurkcp , Sirpaper , Indlmeter , Hydros&S , Simplexinf , Mpsltd , Hubtown , Praeng , Compuage , Manaksia , Ppap , Creativeye , Malwacott , Simplexcas , Duncansind , Hondapower , Simplex , Gkb , Neocorp , Polyplex , Drreddy , Nclind , Polaris , Denso , Jindworld , Tvssrichak , Cybertech , Jindalphot , Bajajhind , Elderpharm , Monnetispa , Excelinfo , Ekc , Jeypore Chromatic , Aries , Jbma , Autoridfin , Archidply , Ismtltd , Autolitind , Aqua , Lotuseye , Hdil , Aplab , Lokeshmach , Essdee , Aparinds , Lichsgfin , Centext , Ankurdrugs , Lakshvilas , Austral , Anikinds , Kwality , Atlascycle , Angind , Basml , Hcl‐Insys , Amtekindia , Banarisug , Hblpower , Amtekauto , Balkrisind , , Erainfra, Candc , Ambikco , Classic , Asianelec , Amar , Cinevista , Bhartiship , Alpinehou , Ahlucont , Bharatras , Gss , Dwarkesh , Fsl , Greenfire , Dssl , Fmnl , Brfl , Bodhtree , Dchl , randhouse , Abirlanuvo , Becrel , Alchem , 21stcenmgm , Filatex , Akzoindia , Gisolution , Firstwin , Ahmedforge , 20microns , Hinddorrol , Hitechgear , Genuspower , Crisil , Lakshmiefl , Genesys , Zenithinfo , Fagbearing , Gangotri , Pageind , Fagbearing , Gammonind Zenithexpo , Gail , Gallispat ,Dlf.
EX- Dividend - Carborundum Uni, KPR Mill, Mayur Uniquoter, MOIL, OCL India, Rane Holdings, Selan Expl, Sundaram Fin, Suprajit Engr.
Board Meeting (Purpose) –BITS,
SECTOR NEWS
===========
* AUTOMOBILES: Renault-Nissan alliance in India plans to spend 20 bln rupees
on capacity expansion. (ET)
.
* AVIATION: Ministry has decided to do away with the policy mandating
airlines to fly to certain far-flung regions of the country. (ET)
Airports Authority of India has brought to the civil aviation
ministry's attention, several moves by the GMR INFRASTRUCTURE-led
consortium that runs the New Delhi airport, that were not in keeping with
terms of agreement between Delhi International Airport and Airports
Authority of India. (Mint)
.
* DIVESTMENT: The government is planning to mop up 400 bln rupees from
divestment in public sector companies in 2013-14 (Apr-Mar), an official in
the Department of Disinvestment said. (NW18)
.
* EXCHANGE: National Stock Exchange to exclude SIEMENS and WIPRO from Nifty
effective Apr 1. The two shares will to be replaced by NMDC and INDUSIND
BANK. (NW18)
.
* FINANCE: According to a post by the government's Press Information Bureau
on social networking site Twitter, Finance Minister P. Chidambaram will meet
his state counterparts Thursday to resolve impending issues over
implementation of the Goods and Services Tax. (NW18)
.
* GOVERNMENT: Is set to revise downwards the budgetary expenditure for 2012-13
by 9% to 13.6 trln rupees from the initially estimated 14.9 trln rupees, and
peg the size of Budget 2013-14 at roughly the same level as the revised
figure for this fiscal. (FE)
.
* MUTUAL FUNDS: Of the 607.32 bln rupees worth of incremental flows into
mutual funds in January, 56% came through direct plan schemes. (ET)
Tata Capital Growth Fund has invested 1.2 bln rupees for a 14% stake
in Star Health & Allied Insurance Co. (ET)
.
* OIL & GAS: Oil marketing companies are waiting for nod from Minister of
Petroleum and Natural Gas Veerappa Moily, to raise petrol price by 1 rupee
and diesel price by 50 paisa. The companies fear that political
considerations may deter their plans to raise rates. (ET)
Oil marketing companies may not raise fuel prices together on one day,
as this may amount to cartelisation. (BS)
Bankers have refused Haldia Petrochemicals' promoters' demand to lend
further capital to the venture without turning the existing debt
into equity. (BS)
.
* REGULATORY: SEBI has frozen bank accounts and attached assets of two Sahara
group companies. (NW18)
The Reserve Bank of India has set up a technical committee to study
facilities and services provided to exporters under the chairmanship of
Executive Director G. Padmanabhan. (NW18)
.
* TAXATION: Income Tax Department is looking at ways to relax and simplify
rules for tax collection and credit associated with foreign investments
into India, especially via external commercial borrowings. (BS)
.
* TELECOM: Department of Telecommunications has issued notices to
BHARTI AIRTEL, Vodafone and RELIANCE COMMUNICATIONS to pay additional
revenue share for spectrum usage from 2008 onwards. (ET)
Supreme Court has asked Central Bureau of Investigation to identify
by today a team of officials that will analyse the Nira Radia tapes
relating to the 2G scam. (ET)
Uninor has said it has dramatically narrowed its losses to 4.37 bln
rupees in Oct-Dec, from 48.96 bln rupees in the year ago period. (ET)
Central Bureau of Investigation is seeking legal opinion to move court
to appeal for cancellation of UNITECH Managing Director Sanjay Chandra's
bail. (BS)
.
.
STOCKS
======
* BARAK VALLEY CEMENTS: Has approved the option of disinvestment up to 55% in
Wholly-owned subsidiary, Valley Strong Cement (Assam). (NW18)
.
* BHARAT PETROLEUM CORP: Reported a net profit of 16.47 bln rupees in Oct-Dec
against expectations of a loss of 10.29 bln rupees. (NW18)
.
* COAL INDIA: Reported a consolidated net profit of 43.95 bln rupees for
Oct-Dec, up 8.9% on year, on the back of improved production and sales
volume. (NW18)
.
* GMR INFRASTRUCTURE: Subsidiary GMR Highways has signed a definitive
agreement with Macquarie SBI Infrastructure Investments Pte Ltd and SBI
Macquarie Infrastructure Trust to sell 74% stake in its Andhra Pradesh
road project, GMR Jadcherla Expressways Ltd, for 2.06 bln rupees. (NW18)
.
* HINDUSTAN OIL EXPLORATION CO: Posted a net loss of 5.29 bln rupees for
Oct-Dec. (NW18)
.
* INDIAN OIL CORP: Reported a 34% on year increase in its Oct-Dec net profit
after it accounted for 134.75 bln rupees as subsidy from government for
selling fuels at regulated rates. (NW18)
.
* JSW STEEL: Steel production in January took a hit because of poor quality
and insufficient availability of iron ore. (NW18)
The company's consolidated net loss in Oct-Dec was 737 mln rupees. (NW18)
.
* KINETIC ENGINEERING: Has extended the maturity of its foreign currency
convertible bonds worth $18 mln to Feb 15, 2014, from the earlier maturity
of February 2013. (NW18)
.
* KINGFISHER AIRLINES: Core group of lenders to the company met at State Bank
of India's headquarters to deliberate on the recovery of advances, the
initial steps towards which may begin 10 days from now. (NW18)
Indian banking system is preparing to write off, possibly the biggest
ever single loan account in its history extended to the airline company. (ET)
International Air Transport Association informed the airline of
terminating its membership if it fails to take to the skies again. (ET)
Lenders to the airline company are confident value of collateral
available to them are enough to cover the company's 70-bln-rupee dues. (BS)
The company's brand value has come down to zero from around 25 bln
rupees two years ago. (BS)
.
* LANCO INFRATECH: Is in talks with strategic and financial investors to sell
stakes in three power projects separately, to raise over 25 bln rupees,
after attempts to sell stake in its arm that owns all three projects
failed. (ET)
.
* MAX INDIA: Plans to sell its speciality films business to Treofan Group have
run into trouble as the German company is offering a much lower value than
the 5.4 bln rupees it agreed to pay in Sep 2012. (ET)
.
* MERCATOR: Reported a consolidated net loss of 2.3 bln rupees in Oct-Dec,
down by a one-time provision of 1.7 bln rupees on compensation to be paid
for pre-termination of charters and loss on sale of a ship by its Singapore-
listed subsidiary. (NW18)
.
* POLARIS FINANCIAL TECHNOLOGY: Karur Vysya Bank has selected the company's
intellect global transaction banking solution to help launch its
greenfield operations in transaction banking. (NW18)
.
* STEEL AUTHORITY OF INDIA: A disinvestment department official said the
offer for sale to divest 10.82% government stake in the company is likely
to take place in the second half of March. (NW18)
.
* TD POWER SYSTEMS: The company's engineering, procurement and construction
arm received orders worth 2.34 bln rupees. (NW18)
.
* TATA MOTORS: Has got an order to supply 26 6X6 multi-axle mobile platforms
to Bharat Electronics. (NW18)
.
* TATA STEEL: Posted a consolidated net loss of 7.63 bln rupees in Oct-Dec
as against a 6.02-bln-rupee loss a year ago. (NW18)
.
* UNITY INFRAPROJECTS: Has won orders worth 1.29 bln rupees in Pune and Goa.
(NW18)
.
* WOCKHARDT: May have to recall some batches of pain relief medicine
Brexic DT, after a recent alert issued by Drugs Controller General
of India. (BS) End
===========
* AUTOMOBILES: Renault-Nissan alliance in India plans to spend 20 bln rupees
on capacity expansion. (ET)
.
* AVIATION: Ministry has decided to do away with the policy mandating
airlines to fly to certain far-flung regions of the country. (ET)
Airports Authority of India has brought to the civil aviation
ministry's attention, several moves by the GMR INFRASTRUCTURE-led
consortium that runs the New Delhi airport, that were not in keeping with
terms of agreement between Delhi International Airport and Airports
Authority of India. (Mint)
.
* DIVESTMENT: The government is planning to mop up 400 bln rupees from
divestment in public sector companies in 2013-14 (Apr-Mar), an official in
the Department of Disinvestment said. (NW18)
.
* EXCHANGE: National Stock Exchange to exclude SIEMENS and WIPRO from Nifty
effective Apr 1. The two shares will to be replaced by NMDC and INDUSIND
BANK. (NW18)
.
* FINANCE: According to a post by the government's Press Information Bureau
on social networking site Twitter, Finance Minister P. Chidambaram will meet
his state counterparts Thursday to resolve impending issues over
implementation of the Goods and Services Tax. (NW18)
.
* GOVERNMENT: Is set to revise downwards the budgetary expenditure for 2012-13
by 9% to 13.6 trln rupees from the initially estimated 14.9 trln rupees, and
peg the size of Budget 2013-14 at roughly the same level as the revised
figure for this fiscal. (FE)
.
* MUTUAL FUNDS: Of the 607.32 bln rupees worth of incremental flows into
mutual funds in January, 56% came through direct plan schemes. (ET)
Tata Capital Growth Fund has invested 1.2 bln rupees for a 14% stake
in Star Health & Allied Insurance Co. (ET)
.
* OIL & GAS: Oil marketing companies are waiting for nod from Minister of
Petroleum and Natural Gas Veerappa Moily, to raise petrol price by 1 rupee
and diesel price by 50 paisa. The companies fear that political
considerations may deter their plans to raise rates. (ET)
Oil marketing companies may not raise fuel prices together on one day,
as this may amount to cartelisation. (BS)
Bankers have refused Haldia Petrochemicals' promoters' demand to lend
further capital to the venture without turning the existing debt
into equity. (BS)
.
* REGULATORY: SEBI has frozen bank accounts and attached assets of two Sahara
group companies. (NW18)
The Reserve Bank of India has set up a technical committee to study
facilities and services provided to exporters under the chairmanship of
Executive Director G. Padmanabhan. (NW18)
.
* TAXATION: Income Tax Department is looking at ways to relax and simplify
rules for tax collection and credit associated with foreign investments
into India, especially via external commercial borrowings. (BS)
.
* TELECOM: Department of Telecommunications has issued notices to
BHARTI AIRTEL, Vodafone and RELIANCE COMMUNICATIONS to pay additional
revenue share for spectrum usage from 2008 onwards. (ET)
Supreme Court has asked Central Bureau of Investigation to identify
by today a team of officials that will analyse the Nira Radia tapes
relating to the 2G scam. (ET)
Uninor has said it has dramatically narrowed its losses to 4.37 bln
rupees in Oct-Dec, from 48.96 bln rupees in the year ago period. (ET)
Central Bureau of Investigation is seeking legal opinion to move court
to appeal for cancellation of UNITECH Managing Director Sanjay Chandra's
bail. (BS)
.
.
STOCKS
======
* BARAK VALLEY CEMENTS: Has approved the option of disinvestment up to 55% in
Wholly-owned subsidiary, Valley Strong Cement (Assam). (NW18)
.
* BHARAT PETROLEUM CORP: Reported a net profit of 16.47 bln rupees in Oct-Dec
against expectations of a loss of 10.29 bln rupees. (NW18)
.
* COAL INDIA: Reported a consolidated net profit of 43.95 bln rupees for
Oct-Dec, up 8.9% on year, on the back of improved production and sales
volume. (NW18)
.
* GMR INFRASTRUCTURE: Subsidiary GMR Highways has signed a definitive
agreement with Macquarie SBI Infrastructure Investments Pte Ltd and SBI
Macquarie Infrastructure Trust to sell 74% stake in its Andhra Pradesh
road project, GMR Jadcherla Expressways Ltd, for 2.06 bln rupees. (NW18)
.
* HINDUSTAN OIL EXPLORATION CO: Posted a net loss of 5.29 bln rupees for
Oct-Dec. (NW18)
.
* INDIAN OIL CORP: Reported a 34% on year increase in its Oct-Dec net profit
after it accounted for 134.75 bln rupees as subsidy from government for
selling fuels at regulated rates. (NW18)
.
* JSW STEEL: Steel production in January took a hit because of poor quality
and insufficient availability of iron ore. (NW18)
The company's consolidated net loss in Oct-Dec was 737 mln rupees. (NW18)
.
* KINETIC ENGINEERING: Has extended the maturity of its foreign currency
convertible bonds worth $18 mln to Feb 15, 2014, from the earlier maturity
of February 2013. (NW18)
.
* KINGFISHER AIRLINES: Core group of lenders to the company met at State Bank
of India's headquarters to deliberate on the recovery of advances, the
initial steps towards which may begin 10 days from now. (NW18)
Indian banking system is preparing to write off, possibly the biggest
ever single loan account in its history extended to the airline company. (ET)
International Air Transport Association informed the airline of
terminating its membership if it fails to take to the skies again. (ET)
Lenders to the airline company are confident value of collateral
available to them are enough to cover the company's 70-bln-rupee dues. (BS)
The company's brand value has come down to zero from around 25 bln
rupees two years ago. (BS)
.
* LANCO INFRATECH: Is in talks with strategic and financial investors to sell
stakes in three power projects separately, to raise over 25 bln rupees,
after attempts to sell stake in its arm that owns all three projects
failed. (ET)
.
* MAX INDIA: Plans to sell its speciality films business to Treofan Group have
run into trouble as the German company is offering a much lower value than
the 5.4 bln rupees it agreed to pay in Sep 2012. (ET)
.
* MERCATOR: Reported a consolidated net loss of 2.3 bln rupees in Oct-Dec,
down by a one-time provision of 1.7 bln rupees on compensation to be paid
for pre-termination of charters and loss on sale of a ship by its Singapore-
listed subsidiary. (NW18)
.
* POLARIS FINANCIAL TECHNOLOGY: Karur Vysya Bank has selected the company's
intellect global transaction banking solution to help launch its
greenfield operations in transaction banking. (NW18)
.
* STEEL AUTHORITY OF INDIA: A disinvestment department official said the
offer for sale to divest 10.82% government stake in the company is likely
to take place in the second half of March. (NW18)
.
* TD POWER SYSTEMS: The company's engineering, procurement and construction
arm received orders worth 2.34 bln rupees. (NW18)
.
* TATA MOTORS: Has got an order to supply 26 6X6 multi-axle mobile platforms
to Bharat Electronics. (NW18)
.
* TATA STEEL: Posted a consolidated net loss of 7.63 bln rupees in Oct-Dec
as against a 6.02-bln-rupee loss a year ago. (NW18)
.
* UNITY INFRAPROJECTS: Has won orders worth 1.29 bln rupees in Pune and Goa.
(NW18)
.
* WOCKHARDT: May have to recall some batches of pain relief medicine
Brexic DT, after a recent alert issued by Drugs Controller General
of India. (BS) End
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