Future Outlook: In view of the above formation on the daily chart it is evident that the high of the swing reversal which is at 5970 is major resistance for the market. In coming trading session if indices
trades below 5875 level then it may test 5850 – 5800 levels. On the upside, the swing high of 5970 and 6000 may act as resistance for the day.
Data Alert From Overseas -
* BOJ Press Conference at 12:54 pm.
* French Prelim Non-Farm Payrolls q/q at 1:15 pm.
Domestic Stock Specific News –
* India Jan WPI inflation falls to 38-month low of 6.62%
* Govt source says divest dept to move Cabinet note on PSUs ETF soon
* Govt source says Cabinet note moved on BALCO, Hind Zinc shr sale
* Govt says hope to table forward contracts bill in Budget session
* Minister sees subsidy up by 200 bln rupees post food security bill
* State Bank of India Oct-Dec net profit 33.96 bln rupees
* IOC head says co's bulk diesel sales down 14-15% since mid Jan
* M&M arm Ssangyong to raise 80 bln Korean won via equity issue
* India Ratings keeps stable outlook on state govt debt plans FY14
* Dr Reddy's Lab Oct-Dec consol PAT 3.63 bln rupees vs 5.13 bln
* GVK Power & Infrastructure Oct-Dec net loss 60.6 mln rupees
* NIIT Tech JV launches cloud-based geographic information platform
* Aurobindo Pharma gets US FDA OK for generics of Actos, Actoplus Met
* Venus Remedies gets Australia regulator OK for co's 4 units
* Alok Industries sees debt down 5-7 bln rupees by March
International News -
* German Gross domestic product down by 0.6% in the 4th quarter of 2012.
Securities in Ban For Trade Date 15-02-2013
Welcorp, Punjlloyd, Suzlon, IRB,Renuka,Hdil.
TODAY’S RESULT –
ABC Gas, Ajcon Global, Amit Intl, Anugraha Jewel, APT Pack, AUNDE IND, Bacil Pharma, Beckons Inds, Brawn Biotech, BWL, CHD Developers, Clarus Finance, Continental Contr, Coromandel Agro, Crew Bos, Croitre Inds, Daikaffil Chem, Dee Kartavya, Dhanlaxmi Fab, Dolphin Med, EL Forge, Excel Glasses, Explicit Fin, Extol Comm, Faze Three, First Custodian, Gaekwar Mills, GD Trading, Gennex Lab, Glaxosmithkl Cons, Glodyne Tech, GNRL, Gopal Iron, GR Cables, Hind Inds, HMT, In House Prod, India
Infraspace, Indian Bright, Indian Sucrose, Indo Euro Indchem, Invicta Meditek, ITDC, Ivee Inject, Jagson Airlines, JRIIIL, KEN Fin Serv, Khator Fibre, Laffans Petro, Lesha Inds, Lippi Systems, Mahamaya Invest, Mahan Inds, Maharashtra Poly, Man Inds, Mansoon Trad, Meenakshi Steel, Midfield Industries, Monotype India, Navcom Inds, ND Metal, New Markets Adv, Nilkanth Engr, Nirmal Metal, Nuway Organic, Osian Inds, Oswal Spinning, Oxford Inds, Oxides & Special, Paramount Cosm, Pharmaids Phar, Photoquip India, PL Enterprises, Prakash Steelage, Rasi Electrodes, Rathi Steel, Ravindra Trad, RCL FOODS, Regency
Hosp, RISHABHDEV, Sagar Soya, Samtel Color, Samtel India, Samtex Fashions, Sandu Pharma, Sanmitra Comm, Shantanu Sheo, SHREEYASH, SIKOZY REAL, SR Inds, Sri Ramakrishna, STAMPEDE, Sterling Green, Sunflag Iron, Tamilnadu Steel, Texel Inds, Tirupati Foam, , Transgene Bio, Tuni Textile, Vaishno Cem, Vaswani Inds, Victoria Enter, Vishvjyoti Trd, Volant Textile, Voltaire Leas, VR Woodart.
EX- Dividend - Aegis Logistics, Dhanuka Agri, India Motor, India Nippon, JM Financial, , Madras Cements, Orbit Exports, , Power Grid Corp, Ramco Inds, SAIL.
Board Meeting (Purpose) – Next Mediaworks .
SECTOR NEWS
===========
* AVIATION: Air India has vacated its Mumbai headquarters and has shifted
Its corporate office to New Delhi. (ET)
IndiGo Airlines has criticised the government's move to cap lowest
and highest airfares and said the airline will increase its capacity
16% in 2013-14 (Apr-Mar). (PTI)
American Airlines and US Airways have announced $11-bln merger to
create the world's largest airline. (var)
.
* DEFENCE: The 37.60-bln-rupee helicopter scam may affect the Indian
expansion plans of Italian firm Finmeccanica-as AgustaWestland, the
company accused of bribing Indian officials--is its UK arm. (ET)
Government has threatened to cancel its contract with
AgustaWestland and blacklist the firm if investigations reveal that
money changed hands for clinching the helicopter deal. (ET)
Central Bureau of Investigation has received documents pertaining
to the Finmeccanica defence bribery case and is set to register
a preliminary enquiry into the case today. (BS)
.
* EDUCATION: Manipal Global Education Services will buy back all the
financial investments made by investors, including Azim Premji and
N.R. Narayana Murthy, in a deal worth $270 mln. (ToI)
.
* FAST MOVING CONSUMER GOODS: Berkshire Hathway and 3G Capital have
agreed to buy H.J. Heinz for around $23 bln. (var)
.
* INSURANCE: Leading life insurance companies such as HDFC Life, Birla
Sun Life and ICICI Prudential have shown interest in buying HSBC's stake in
Canara HSBC Oriental Bank of Commerce Life Insurance Co. (ET)
.
* INVESTMENT: Despite government curbs on gold import, India is seen buying
11% more gold in tonnage during 2013, a World Gold Council
official has said. (ET)
.
* MINING: The mines ministry has told the Odisha government that its decision
of making compulsory sale of at least 50% iron ore produced in the state to
local industries does not have a legal backing. (NW18)
.
* POLITICS: Janata Party President Subramanian Swamy has moved a trial court
seeking prosecution of Congress President Sonia Gandhi, Vice-President
Rahul Gandhi and some others for allegedly misappropriating properties
owned by Associated Journals Ltd, worth over 50 bln rupees. (NW18)
.
* REGULATORY: The Reserve Bank of India has revised norms for gold deposit
schemes offered by banks. (NW18)
The Securities and Exchange Board of India has fined 118 entities in
Bank of Rajasthan case and has slammed four ex-promoters of the bank
with a fine of 50 mln rupees each. (NW18)
SEBI has extended market pre-open sessions to all shares and has also
allowed illiquid shares to be traded through periodic call auction. (NW18)
Saumitra Chaudhuri Committee is looking at omitting those items from
the basket used to collate Index of Industrial Production data that are
not produced or reported regularly and those products that do not
contribute much to the index. (ET)
.
* RETAIL: US-based firm Walmart Stores plans to increase outsourcing of
software development and back-office projects to India. (Mint)
.
* TAXES: The head of the empowered committee of state finance ministers on
Goods and Services Tax has said that there is broad consensus on
amending the constitution for GST. (NW18)
Government may set aside 120 bln rupees in the Union Budget 2013-14
(Apr-Mar) to compensate states for losses they incurred on reduction
in central sales tax rate. (ET)
.
* TELECOM: The Supreme Court has rejected curative petitions filed by
SISTEMA SHYAM TELESERVICES, VIDEOCON TELECOMMUNICATIONS, TATA TELESERVICES,
IDEA CELLULAR and former Telecom minister A. Raja, who had sought a re-look
into the apex court's Feb 2, 2012 verdict quashing 122 2G licenses issued
after 2008. (NW18)
Finance Ministry is likely to seek cabinet's permission to enter into
discussions with Vodafone Plc to settle the long-running $2-bln tax
dispute with the Indian government. (ET)
.
* TRADE: Commerce, Industry & Textiles Minister Anand Sharma has said
negotiations on the free-trade agreement with the European Union
may be concluded in the next few months. (NW18)
.
.
STOCKS
======
* APOLLO TYRES: Has raised the investment limit of foreign institutional
investors in equity shares and convertible debentures to up to 40%
of the paid-up capital from 30% earlier. (NW18)
.
* BALKRISHNA INDUSTRIES: Will hive off and list its paper and synthetic
operations. (NW18)
.
* BIL ENERGY SYSTEMS: Board has approved 10-for-1 stock split. (NW18)
.
* COAL INDIA: Is staring at dwindling sales and profit from e-auction over
the coming days, as volumes sold via this profitable route are likely
to drop 11% in 2012-13 (Apr-Mar). (DNA)
.
* COCHIN MALABAR ESTATES & INDUSTRIES: Disposed off its entire holding in
Cochin Estates Ltd on Feb 12. (NW18)
.
* DLF: Reported consolidated net profit of 2.85 bln rupees for
Oct-Dec. (NW18)
.
* FLEXITUFF INTERNATIONAL: Plans to raise 300 mln rupees via preferential
issue and 1.6 bln rupees through foreign currency convertible bonds. (NW18)
.
* GAIL (India): Reported an 18% on year increase in Oct-Dec net profit even
as it had to shell out more as discounts to oil marketing companies as
compensation for sale of subsidised fuels. (NW18)
.
* KEC INTERNATIONAL: Will bid jointly with FINOLEX CABLES for government
fibre optic projects worth 300 bln rupees in the next few weeks. (DNA)
.
* KINGFISHER AIRLINES: Aviation regulatory officials have said most of its
aircraft are not fit to fly. (ET)
Its lenders are seeking legal opinion on whether they can exercise
any lien on promoter Vijay Mallya's liquor assets. (ToI)
.
* KRISHNA FERRO PRODUCTS: To allot eight debentures to promoter Sri Hari
Kishan Agarwal on private placement basis. (NW18)
.
* MAHANAGAR TELEPHONE NIGAM: Posted a net loss of 11.82 bln rupees in
Oct-Dec. Its income from operations for the quarter was 8.33 bln rupees.
(NW18)
.
* POLARIS FINANCIAL TECHNOLOGY: Has launched a new sales office in New
Zealand. (NW18)
.
* PURAVANKARA PROJECTS: Has approved issuance of up to 45 mln shares through
the institutional placement programme or any other permitted route. (NW18)
.
* SURABHI CHEMICALS & INVESTMENTS: Has bagged its first infrastructure
project order worth 104.2 mln rupees from Gloabtel Convergence Ltd. (NW18)
.
* SURYA PHARMACEUTICAL: Has said the corporate debt restructuring empowered
group has approved a restructuring package for the company. (NW18)
.
* SUZLON ENERGY: Reported a net loss of 11.54 bln rupees in Oct-Dec. (NW18)
Has decided to close its Rotor Blade and Control Panel manufacturing
units at the Puducherry facility. (NW18)
.
* TATA MOTORS: Recorded 52% on year decline in consolidated net profit for
Oct-Dec to 16.28 bln rupees on 4.58-bln-rupee loss of the standalone
entity. (NW18)
.
* TECH MAHINDRA: Is undertaking an organisational restructuring, where it
plans to have 30-40 independent chief executive officers functioning
within the super structure of the company. (NW18)
.
* UNITED BREWERIES: Has said that the company has not pledged any shares to
the lenders of Kingfisher Airlines. (NW18)
.
* VARUN SHIPPING CO: Lenders have impounded three of the company's vessels.
(ET)
===========
* AVIATION: Air India has vacated its Mumbai headquarters and has shifted
Its corporate office to New Delhi. (ET)
IndiGo Airlines has criticised the government's move to cap lowest
and highest airfares and said the airline will increase its capacity
16% in 2013-14 (Apr-Mar). (PTI)
American Airlines and US Airways have announced $11-bln merger to
create the world's largest airline. (var)
.
* DEFENCE: The 37.60-bln-rupee helicopter scam may affect the Indian
expansion plans of Italian firm Finmeccanica-as AgustaWestland, the
company accused of bribing Indian officials--is its UK arm. (ET)
Government has threatened to cancel its contract with
AgustaWestland and blacklist the firm if investigations reveal that
money changed hands for clinching the helicopter deal. (ET)
Central Bureau of Investigation has received documents pertaining
to the Finmeccanica defence bribery case and is set to register
a preliminary enquiry into the case today. (BS)
.
* EDUCATION: Manipal Global Education Services will buy back all the
financial investments made by investors, including Azim Premji and
N.R. Narayana Murthy, in a deal worth $270 mln. (ToI)
.
* FAST MOVING CONSUMER GOODS: Berkshire Hathway and 3G Capital have
agreed to buy H.J. Heinz for around $23 bln. (var)
.
* INSURANCE: Leading life insurance companies such as HDFC Life, Birla
Sun Life and ICICI Prudential have shown interest in buying HSBC's stake in
Canara HSBC Oriental Bank of Commerce Life Insurance Co. (ET)
.
* INVESTMENT: Despite government curbs on gold import, India is seen buying
11% more gold in tonnage during 2013, a World Gold Council
official has said. (ET)
.
* MINING: The mines ministry has told the Odisha government that its decision
of making compulsory sale of at least 50% iron ore produced in the state to
local industries does not have a legal backing. (NW18)
.
* POLITICS: Janata Party President Subramanian Swamy has moved a trial court
seeking prosecution of Congress President Sonia Gandhi, Vice-President
Rahul Gandhi and some others for allegedly misappropriating properties
owned by Associated Journals Ltd, worth over 50 bln rupees. (NW18)
.
* REGULATORY: The Reserve Bank of India has revised norms for gold deposit
schemes offered by banks. (NW18)
The Securities and Exchange Board of India has fined 118 entities in
Bank of Rajasthan case and has slammed four ex-promoters of the bank
with a fine of 50 mln rupees each. (NW18)
SEBI has extended market pre-open sessions to all shares and has also
allowed illiquid shares to be traded through periodic call auction. (NW18)
Saumitra Chaudhuri Committee is looking at omitting those items from
the basket used to collate Index of Industrial Production data that are
not produced or reported regularly and those products that do not
contribute much to the index. (ET)
.
* RETAIL: US-based firm Walmart Stores plans to increase outsourcing of
software development and back-office projects to India. (Mint)
.
* TAXES: The head of the empowered committee of state finance ministers on
Goods and Services Tax has said that there is broad consensus on
amending the constitution for GST. (NW18)
Government may set aside 120 bln rupees in the Union Budget 2013-14
(Apr-Mar) to compensate states for losses they incurred on reduction
in central sales tax rate. (ET)
.
* TELECOM: The Supreme Court has rejected curative petitions filed by
SISTEMA SHYAM TELESERVICES, VIDEOCON TELECOMMUNICATIONS, TATA TELESERVICES,
IDEA CELLULAR and former Telecom minister A. Raja, who had sought a re-look
into the apex court's Feb 2, 2012 verdict quashing 122 2G licenses issued
after 2008. (NW18)
Finance Ministry is likely to seek cabinet's permission to enter into
discussions with Vodafone Plc to settle the long-running $2-bln tax
dispute with the Indian government. (ET)
.
* TRADE: Commerce, Industry & Textiles Minister Anand Sharma has said
negotiations on the free-trade agreement with the European Union
may be concluded in the next few months. (NW18)
.
.
STOCKS
======
* APOLLO TYRES: Has raised the investment limit of foreign institutional
investors in equity shares and convertible debentures to up to 40%
of the paid-up capital from 30% earlier. (NW18)
.
* BALKRISHNA INDUSTRIES: Will hive off and list its paper and synthetic
operations. (NW18)
.
* BIL ENERGY SYSTEMS: Board has approved 10-for-1 stock split. (NW18)
.
* COAL INDIA: Is staring at dwindling sales and profit from e-auction over
the coming days, as volumes sold via this profitable route are likely
to drop 11% in 2012-13 (Apr-Mar). (DNA)
.
* COCHIN MALABAR ESTATES & INDUSTRIES: Disposed off its entire holding in
Cochin Estates Ltd on Feb 12. (NW18)
.
* DLF: Reported consolidated net profit of 2.85 bln rupees for
Oct-Dec. (NW18)
.
* FLEXITUFF INTERNATIONAL: Plans to raise 300 mln rupees via preferential
issue and 1.6 bln rupees through foreign currency convertible bonds. (NW18)
.
* GAIL (India): Reported an 18% on year increase in Oct-Dec net profit even
as it had to shell out more as discounts to oil marketing companies as
compensation for sale of subsidised fuels. (NW18)
.
* KEC INTERNATIONAL: Will bid jointly with FINOLEX CABLES for government
fibre optic projects worth 300 bln rupees in the next few weeks. (DNA)
.
* KINGFISHER AIRLINES: Aviation regulatory officials have said most of its
aircraft are not fit to fly. (ET)
Its lenders are seeking legal opinion on whether they can exercise
any lien on promoter Vijay Mallya's liquor assets. (ToI)
.
* KRISHNA FERRO PRODUCTS: To allot eight debentures to promoter Sri Hari
Kishan Agarwal on private placement basis. (NW18)
.
* MAHANAGAR TELEPHONE NIGAM: Posted a net loss of 11.82 bln rupees in
Oct-Dec. Its income from operations for the quarter was 8.33 bln rupees.
(NW18)
.
* POLARIS FINANCIAL TECHNOLOGY: Has launched a new sales office in New
Zealand. (NW18)
.
* PURAVANKARA PROJECTS: Has approved issuance of up to 45 mln shares through
the institutional placement programme or any other permitted route. (NW18)
.
* SURABHI CHEMICALS & INVESTMENTS: Has bagged its first infrastructure
project order worth 104.2 mln rupees from Gloabtel Convergence Ltd. (NW18)
.
* SURYA PHARMACEUTICAL: Has said the corporate debt restructuring empowered
group has approved a restructuring package for the company. (NW18)
.
* SUZLON ENERGY: Reported a net loss of 11.54 bln rupees in Oct-Dec. (NW18)
Has decided to close its Rotor Blade and Control Panel manufacturing
units at the Puducherry facility. (NW18)
.
* TATA MOTORS: Recorded 52% on year decline in consolidated net profit for
Oct-Dec to 16.28 bln rupees on 4.58-bln-rupee loss of the standalone
entity. (NW18)
.
* TECH MAHINDRA: Is undertaking an organisational restructuring, where it
plans to have 30-40 independent chief executive officers functioning
within the super structure of the company. (NW18)
.
* UNITED BREWERIES: Has said that the company has not pledged any shares to
the lenders of Kingfisher Airlines. (NW18)
.
* VARUN SHIPPING CO: Lenders have impounded three of the company's vessels.
(ET)
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