Nifty Future Outlook: In view of the above formation on the daily chart it is evident that there is no clear direction of the trend. At presentimmediate resistance for indices is the upward sloping trendline shown above in the graph. The value of the said trendline is in the range of 5950 – 5960 levels. Any move beyond the mentioned level would propel nifty to test 6000 – 6020 levels. On the flip side if prices fail to cross 5950 – 5960 levels then it may test 5900 -5850levels.
Data Alert From Overseas -
* US Core Retail Sales m/m and Retail Sales m/m at 7:00 pm.
* US Crude Oil Inventories at 9:00 pm
Domestic Stock Specific News –
* India Dec IIP contracts for second straight mo to 0.6%
* India new CPI inflation rises to record 10.79% in Jan
* Source says ONGC not keen on sharing Cairn Barmer block drilling cost
*Govt appoints panel to inquire into Walmart's lobbying disclosure
* Divest secy says FY13 divest mop-up to top 270 bln rupee
*Power minister says 3rd party to inspect coal grade under supply pacts
*NASSCOM says IT sector exports growth seen 10.2% FY13; 12-14% FY14
* TCS CEO sees global IT spend up 5% to $2 trln in 2013
* Industry official says Hero MotoCorp dealers facing stock pile-up
* Jindal Steel & Power Oct-Dec net profit 8.67 bln rupees
* Power Grid Corp Oct-Dec net profit 11.29 bln rupees vs 8.09 bln
* Gujarat Gas hikes CNG prices in Surat, Bharuch, Ankleshwar
* Dr Reddy's announces Octoplus offer post closing acceptance date
* Idea hikes pre-paid local voice base tariff in Kerala by 20%
Securities in Ban For Trade Date 13-02-2013
Welcorp, Punjlloyd, Suzlon, IRB,Renuka.
TODAY’S RESULT –
MMTC , Tokyoplast , Fincables , Brooks , Mbecl , Unity , Ahlwest , Manjeera , Winsome , Goldinfra , Kgl , Vivimedlab , Goldentobc , Lumaxtech , Viceroy , Aftek , Lumaxind , Suryajyoti , Adsl , Kakatcem , Supremetex , Gitanjali , Kabraextru , Supremeinf , Gillanders , Mukandltd , Sb&Tintl , Gan0eshhouc , Mukandengg , Summitsec , Gammninfra , Jswsteel , Saregama , Gallantt , Neulandlab , Salonacot , Birlapower , Jkil , Subcapcity , Birlacot , Jindalpoly , Ruchira , Decolight , Jagsnpharm , Rohitferro , Hindnatgls , Iti , Ramcosys , Fkonco , Coreedutec , Splil , Ramcoind , Consofinvt , Spic , Nmdc , Coalindia , Spentex , Natcopharm , Bagfilms , Rajeshexpo , Madrascem , Eveready , Radaan , Kkcl , Ceatfin , Smobility , Goldiam , Empeesug , Ptc , Blissgvs , Emmbi , Prithvi , Dhanuka , Ashiana , Sical , Walchannag , Educomp , Plastiblen , Sujanauni , Arihant , Pittilam , Sujanauni , Andhracemt , Shrenuj , Sujanatow , Greenpower , Shiv‐Vani , Sanghvifor , Everonn , Rmcl , Rajvir , Aloktext , Unitech , Spyl , Goenka , Pbainfra , Smpl , Abcil , Parabdrugs , Madhucon , Remsonsind , Orientbell , Malupaper , Sambandam , Orchidchem , Libertshoe , Kandagiri , Tatasteel , Bartronics , Motogenfin , Tantiacons , Cmahendra , Lakpre , Tanla , Fcssoft , BPCL , Mercator , Indramedco , Abcil , Ioc , Indosolar , Klgsystel , Madrasfert , Mvlind , Kil , Maanalu , Kohinoor , Impexferro .
EX- Dividend - BS Ltd, Sundaram Clayton.
Board Meeting (Purpose) – Arman Fin Serv, MSP Steel.
SECTOR NEWS
===========
* AVIATION: IndiGo Airlines plans to start a regional airline connecting
smaller towns. (ET)
Air India plans to raise 10 bln rupees by March 2014 by monetising five
of its prime real estate properties across India. (BS)
.
* BANKING: UK-based Barclay's Bank is cutting 3,700 jobs globally and is
pruning its investment bank vertical to save $2.7 bln in annual costs. (ET)
.
* CONSUMER DURABLES: Air conditioner manufacturers such as LG Godrej, Daikin,
VOLTAS have raised prices by up to 10%, citing rise in input cost. (ET)
.
* DEFENCE: Uncertainty looms over the future of a 36-bln-rupee deal between
India and UK-based AgustaWestland for purchase of 12 helicopters after the
arrest of AgustaWestland's parent company Finmeccanica's Chief Executive
Officer and Chairman Giuseppe Orsi on charges of corruption
in the deal. (var)
.
* EXCHANGES: India Index Services & Products and Standard & Poor's Financial
Services have decided against renewing their license agreement for use
of the S&P trademark. (NW18)
Infrastructure Development Finance Co, one of the original promoters
of the National Stock Exchange, is planning to sell some stake in
the exchange. The proposed transaction could value NSE at
200 bln rupees. (ET)
.
* FAST MOVING CONSUMER GOODS: Parle Products' Parle-G biscuit has become
the first Indian brand to cross the 50 bln rupees retail sales mark
in a year. (ET)
RADICO KHAITAN's President and Chief Operating Officer Raju Vazhiraney
is moving to rival JAGATJIT INDUTSRIES. (ToI)
.
* GEMS AND JEWELLERY: Commerce ministry has recommended measures like setting
up a specified zone for trading of rough diamonds and extending 2% interest
subsidy to boost diamond exports from India. (NW18)
.
* GOVERNMENT: Pronab Sen, former advisor to the Planning Commission and
India's first Chief Statistician is likely to be appointed chairman of the
National Statistical Commission. (ET)
.
* INSURANCE: Life Insurance Corp of India's investment corpus was
14.8 trln rupees (provisional) as on Dec 31, rising 10% during Apr-Dec. (BS)
.
* OIL & GAS: Bulk diesel sales have fallen 30% since Jan 17, when prices
were hiked. (BS)
.
* PORTS: Jawaharlal Nehru Port Trust's plan to build a mega container terminal
and a ship repair facility have hit a hurdle after it was forced to
give its nod for use of its property for the Mumbai Trans-Harbour link. (ET)
.
* POWER: Government will form an inter-ministerial committee, which would
look into the issues stalling the progress of projects in the power sector.
(NW18)
.
* PRIVATE EQUITY: ICICI Venture has so far given returns of $600 mln
by exiting 30 companies since 2003. (ET)
.
* REAL ESTATE: Bank of America has sold a five-bedroom apartment in
Malabar Hills in Mumbai for 390 mln rupees to the promoter of
a private Indian bank. (ET)
.
* RETAIL: Amazon.com wants government to allow foreign direct investment
in online retail. (BS)
Kidswear company Lilliput plans to raise 4 bln rupees by launching an
initial public offering of shares. (BS)
.
* TAXATION: Multinational companies Nokia and Shell have slammed India's
tax authorities for raising 'absurd and unacceptable' tax demands. (ET)
.
.
STOCKS
======
* ABBOTT INDIA: Has appointed Bhaskar Iyer as the head of operations.
Iyer will take charge as divisional vice-president India from Feb 18. (ToI)
.
* ARVIND REMEDIES: Plans to demerge its Irungatukottal unit into a subsidiary.
(NW18)
.
* AUROBINDO PHARMA: Is focusing on ramping up its injectables portfolio. (DNA)
.
* BANK OF INDIA: Aims to lower its non-performing assets by 26 bln rupees
by March 2014. (BS)
.
* BHARAT FORGE: Its joint venture with Alstom has won a 22.51-bln-rupee order
to supply three 660-MW supercritical turbine generators for a NTPC project.
(NW18)
.
* CHENNAI PETROLEUM CORP: Oct-Dec net loss widened to 4.65 bln rupees from
634 mln rupees a year ago. Net sales increased 4% to 115.93 bln rupees.
(NW18)
.
* CROMPTON GREAVES: Its joint venture with Saudi Transformer Co has opened a
power transformer factory in Damman Industrial City in Saudi Arabia. (NW18)
.
* DLF: Its stock has risen 32% over the past three months, as concerns
over the company's massive debt have begun to recede. Its debt is
expected to come down to 185 bln rupees by March, from
230 bln rupees last year. (ET)
.
* EICHER MOTORS: Oct-Dec consolidated net profit declined 15% on year to
727 mln rupees. Net sales increased 3% to 16.3 bln rupees. (NW18)
.
* FORTIS HEALTHCARE: Posted a near 26-fold growth in consolidated net profit
at 7.05 bln rupees for Oct-Dec, led by a one-time gain from listing
Religare Business Trust. (NW18)
.
* HERO MOTOCORP: Has decided to move out of all cricket sponsorships. (ToI)
.
* HINDALCO INDUSTRIES: Arm Novelis Inc posted a net income of $3 mln for
Oct-Dec and net sales of $2.3 bln. (NW18)
.
* HINDUSTAN COPPER: Oct-Dec net profit declined 4% on year to 758.4 mln rupees.
Net sales declined 10% to 3.11 bln rupees. (NW18)
.
* HINDUSTAN PETROLEUM CORP: Oct-Dec net profit declined 95% on year to 1.47
bln rupees. Net sales increased 10% to 527.5 bln rupees. (NW18)
.
* KINGFISHER AIRLINES: Banks may decide to recall within 7-10 days loans
given to the company. The company meanwhile is hopeful of restarting
operations in summer schedule. (NW18)
.
* KRBL: Board has approved buyback of shares. (NW18)
.
* LANCO INFRATECH: Has reported a consolidated net loss of 4.6 bln rupees in
Oct-Dec, against a consolidated net profit of 609 mln rupees in the
comparative year-ago period. (NW18)
.
* MOTHERSON SUMI SYSTEMS: Board has approved qualified institutional placement
of up to 44.1 mln shares and preferential issue of up to
14.7 mln shares. (NW18)
.
* OBEROI REALTY: Talks between the company and Italian luxury hotel brand
Bulgari to set up a hotel in Mumbai have failed. (ET)
.
* TATA MOTORS: UK-based subsidiary Jaguar Land Rover's retail sales in January
rose 32% on year to 34,877 units. (NW18)
.
* ZICOM ELECTRONIC SECURITY SYSTEMS: Board has approved sale of its arm
Zicom Can Automation. The company has inked a pact with ASYAD Group to
bid for and work on third-party projects jointly in
Saudi Arabia. (NW18) End
