FII & DII trading activity across NSE and BSE 03-07-2012

Category	Buy	Sell	Net
	Value	Value	Value
FII	2233.64	1643.93	589.71
DII	715.98	1259.95	-543.97

 

 

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Shipping Monitor [ PDF ] Carriers fight to keep rates afloat NEUTRAL - CIMB

Shipping Monitor  [ PDF ]

Carriers fight to keep rates afloat

NEUTRAL - Maintained

- by Raymond YAP, CFA

NSE, Bulk deals, 03-Jul-2012

Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price	Remarks
03-Jul-2012	AFTEK	Aftek Limited	PROP.NARENDRA PAL GUPTA HUF (N.G.BUILDERS AND DEVELOPERS)	SELL	4,80,000	9.12	-
03-Jul-2012	FCH	Future Capital Holdings L	ESSAY COMMERCIAL RESOURCES PVIVATE LIMITED	BUY	12,79,103	156.60	-
03-Jul-2012	FCH	Future Capital Holdings L	SAIN SAMEER SUSHIL	SELL	12,79,103	156.60	-
03-Jul-2012	HINDUJAVEN	Hinduja Ventures Limited	AASIA CORPORATION	BUY	1,15,698	364.00	-
03-Jul-2012	HINDUJAVEN	Hinduja Ventures Limited	SATYA ASHOK HINDUJA	SELL	1,15,698	364.00	-
03-Jul-2012	INDOWIND	Indowind Energy Limited	PRASHANT MAHADEV OVHAL	BUY	10,30,672	5.56	-
03-Jul-2012	INDOWIND	Indowind Energy Limited	PRASHANT MAHADEV OVHAL	SELL	9,81,009	5.38	-
03-Jul-2012	KFA	Kingfisher Airlines Ltd.	LKP MERCHANT FINANCING LTD	SELL	81,00,000	12.01	-
03-Jul-2012	LITL	Lanco Infratech Limited	SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED	BUY	129,23,668	15.55	-
03-Jul-2012	LITL	Lanco Infratech Limited	SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED	SELL	128,35,658	15.59	-
03-Jul-2012	ONMOBILE	OnMobile Global Limited	HDFC MUTUAL FUND A/C GROWTH FUND	BUY	17,25,000	30.97	-
03-Jul-2012	ONMOBILE	OnMobile Global Limited	PAT Financial Consultants Pvt Ltd	BUY	7,99,195	30.85	-
03-Jul-2012	ONMOBILE	OnMobile Global Limited	SHASHANK CHAUDHARY	BUY	7,39,898	30.92	-
03-Jul-2012	ONMOBILE	OnMobile Global Limited	SHASHANK CHAUDHARY	SELL	7,39,898	30.93	-
03-Jul-2012	TEXMOPIPES	Texmo Pipe & Products Ltd	ANITA DEEPAK DALAL	BUY	1,50,000	23.27	-
03-Jul-2012	TEXMOPIPES	Texmo Pipe & Products Ltd	ANITA DEEPAK DALAL	SELL	1,50,000	26.49	-
03-Jul-2012	TEXMOPIPES	Texmo Pipe & Products Ltd	MANAV N PATEL	BUY	2,33,781	25.58	-
03-Jul-2012	TEXMOPIPES	Texmo Pipe & Products Ltd	MANAV N PATEL	SELL	2,33,781	25.34	-
03-Jul-2012	TEXMOPIPES	Texmo Pipe & Products Ltd	PRANAV BIPINCHANDRA TRIVEDI	SELL	2,27,122	21.57	-

VKS PROJECTS IPO: subscribe 0.66x; tomorrow (July 4) last day

Total Issue Size	1,00,00,000
Total Bids Received	66,32,300
Total Bids Received at Cut-off Price	3,55,300
No. of times issue is subscribed	0.66

BSE, Bulk deals, 3/7/2012

Deal Date	Scrip Code	Company	Client Name	Deal Type *	Quantity	Price **
3/7/2012	524412	Aarey Drugs	LEADAGE TRADING PRIVATE LIMITED	B	80195	27.03
3/7/2012	526347	ACCLAIM IND	PARKES MULTI TRADE PRIVATE LIMITED	S	49500	22.05
3/7/2012	526347	ACCLAIM IND	RAJEEV RAJEEV	S	50000	22.05
3/7/2012	526347	ACCLAIM IND	MAJESTIC GARMENTS PRIVATE LIMITED	S	58500	22.05
3/7/2012	532919	Allied Comp	ACACIO TRADELINK PRIVATE LIMITED	S	650000	3.61
3/7/2012	521131	Anjani Dham Inds	MALAY CORPORATE SERVICES PVT LTD	S	70000	9.33
3/7/2012	531519	Ankush Finstock	VARMA RAMKUMAR	B	32500	19.64
3/7/2012	531648	Croitre Inds	ESQUIRE ENCLAVE PRIVATE LIMITED	B	35000	77.82
3/7/2012	532859	Hinduja Glob	AASIA CORPORATION	B	115698	343.00
3/7/2012	532859	Hinduja Glob	SATYA ASHOK HINDUJA	S	115698	343.00
3/7/2012	531206	Kwality Cred	ANUMATI STOCK BROKING PVT LTD	S	24000	52.37
3/7/2012	530497	Marvel Capital	SANJAY SHIVAJI JADHAV	B	27001	17.50
3/7/2012	530497	Marvel Capital	MANJU DILIP ANGRE	B	33500	17.50
3/7/2012	530497	Marvel Capital	BHAVNA H KESUR	B	39500	17.50
3/7/2012	530497	Marvel Capital	SLP TRADERS (SATISH VASANT GHONE )	S	30000	17.50
3/7/2012	530497	Marvel Capital	GANESH ANANT GHADGE	S	72200	17.50
3/7/2012	531453	Mohit Inds-$	DIPESH NALINBHAI DAVE	S	70000	50.17
3/7/2012	530971	Nimbus Inds	RAJESH MOHANBHAI PATEL	S	50000	8.47
3/7/2012	532340	Omni Axs	SHASUN FINANCE LTD	B	569059	3.84
3/7/2012	532340	Omni Axs	MANNALAL JAIN	S	100000	3.85
3/7/2012	532340	Omni Axs	MADHU JAIN	S	150000	3.85
3/7/2012	532340	Omni Axs	KIRAN DEVI JAIN	S	100000	3.85
3/7/2012	532340	Omni Axs	DEVENDRA KUMAR JAIN	S	200000	3.85
3/7/2012	531769	PFL Infotech	ROHIT KHULLAR	B	71200	20.60
3/7/2012	531769	PFL Infotech	MOHIT KHULLAR	S	71200	20.60
3/7/2012	531207	Raymed Labs	SORUS POWER PRIVATE LIMITED	B	40000	25.35
3/7/2012	523710	Sayaji Hotels	LIBERTY PHOSPHATE LTD	B	200000	137.50
3/7/2012	523710	Sayaji Hotels	TRANS AGRO INDIA PRIVATE LIMITED	S	200000	137.50
3/7/2012	511754	Shalibhadra Fin	ROMESH ANILBHAI SHAH	B	33000	56.56
3/7/2012	511754	Shalibhadra Fin	DAVE RAKIN SHIVPRASAD	S	29303	56.58
3/7/2012	531695	SHREYCHEM	TOGADIYA HARESHBHAI MADHABHAI	S	42928	59.95
3/7/2012	532874	Suryachakra Pow	ASHWINBHAI SURENDRABHAI SHETH	B	828609	1.48
3/7/2012	532874	Suryachakra Pow	ASHWINBHAI SURENDRABHAI SHETH	S	828609	1.47
3/7/2012	531874	Venus Power Ventures	DHANA ENERGY PRIVATE LIMITED	B	100000	24.20
3/7/2012	531874	Venus Power Ventures	SWARNA KUMARI KOLLI	S	100000	24.20
3/7/2012	526441	Vision Tech	SRINIVAS KARROTHI	S	228819	8.03
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price

IT-Q1FY13 result preview - Muted quarter with margin expansion; Edelweiss, PDF link

Slower ramp ups, continued uncertainty in Europe coupled with softness in telecom and BFS verticals leads us to forecast a muted growth of 0-3% for Top 4 IT players in Q1FY13, further worsened by negative impact of cross currency (CC) movement. We also believe large cap players’ margins will expand 10-110bps led by significant (~7.5%) INR depreciation in the previous quarter. While Street expects Infosys to cut its guidance from 8-10% to 6-8%, we believe the cut will be limited to 7-9%, primarily to adjust for unfavourable CC impact.

Top Picks :: Sharekhan PDF link

Top Picks [June 30, 2012]  Sharekhan www.sharekhan.com

GAIL (India): Buy: Business Line

ICICI Pru US Bluechip Equity: Business Line

 

After a lull, there is once again a new fund offer (NFO) that will do international investing, this time focussed on blue chip stocks in the US.

ICICI Pru US Bluechip Equity (ICICI US Bluechip) will invest in stocks from the NYSE and the tech-heavy NASDAQ. The fund’s benchmark will be S&P 500. There are many positive aspects about the investment idea in the present uncertain macroeconomic situation.

Unemployment rates are coming down in the US and the number of jobless claims too is reducing. The HSBC Markit Purchasing Manager’s index is hovering above 50, indicating reasonable business confidence in production. There are some growth challenges, though.

On the other hand, the European region is affected by debt crisis and considerable economic slowdown. Emerging markets such as China too have cooled off a little bit and India is facing a combination of slower GDP, high inflation and policy paralysis on key reforms. This makes investing in the US a more desirable option for the foreseeable future.

On a more micro level, corporate America is now in a much better position than in 2008, with a strong cash position. Growth rates, especially of technology companies, have been spectacular over the past 3-4 years.

ET: Do not forget to claim these lesser-known tax deductions

For most individuals tax deductions are all about investing in Public Provident Fund or life insurance policy. However, there are a host of other deductions which many taxpayers are eligible to claim but don't do so because they are not aware of them. "Many tax payers buy health insurance, but many are not aware that they can seek tax exemption up to 15,000 under Section 80 D on health insurance premium payments. They can also seek an additional exemption of 15,000 for their dependent parents and 20,000 if one of their parents is a senior citizen," says Saakar S Yadav, managing director, myitreturn.com, a tax portal. Take a look at some lesser-known deductions which may help you save some more.

Dr. Reddy's Laboratories - Investing in next leg of growth; visit note; Hold; Edelweiss, PDF link

Dr. Reddy’s Laboratories (DRRD IN, INR 1,649, Hold)

We met Mr. Satish Reddy, MD & COO, Dr. Reddy’s (DRRD). Though management agrees that revenue growth will moderate beyond FY13, it remains focused on building niche pipeline in US while maintaining steady growth in emerging markets. OTC portfolio focus and biosimilars will be key growth drivers in emerging markets. US growth may remain challenging and may come with lower margins due to increase in customer consolidation, which has led to higher price erosion in generics. We expect earnings growth of 9.5% over FY13-15E. Maintain ‘HOLD’.

Tips to build a good credit score: Business Line

Your credit score is the key to your financial health, and is a trusted indicator of your creditworthiness. A good credit score can make your loan processing faster, smoother and simpler.

Interestingly, credit cards can help in the process of building and improving your credit score. The spending pattern and payment behaviour on the credit card speaks volumes about your financial discipline.

Derivatives Report - 03.07.2012- Angel Broking - PDF link

Derivatives Report

Should NRIs buy property in India now?

The dipping rupee in the past few months has brought a lot of cheer to US-based NRI Tarun Arora. His loyalties are not misplaced, but his glee is justifiable. With the rupee weakening consistently, he will now be able to buy a house in India. "I have been planning to purchase a house in Mumbai as an investment for some time, but since the property prices have been going up steadily, I kept postponing the decision," says the 35-year-old hardware engineer. However, as the real estate market has now turned sluggish and the depreciating rupee adds more power to Arora's dollars, he is likely to acquire a property at a cheaper rate. "I expect the developer to offer a good discount as the demand for real estate is low. Also, my mortgage payments will be lower compared with the sum I would have had to pay a year ago," he adds.

Technical Report - 03.07.2012- Angel Broking - PDF link

Technical Report

Market Summary- 03.07.2012- Angel Broking - PDF link

Market Summary

Currency Eagle Eye [July 02, 2012] Sharekhan PDF link

Currency Eagle Eye [July 02, 2012] Sharekhan www.sharekhan.com

Pharmaceuticals - US Supreme Court upheld healthcare reform; positive for Indian pharma; Edelweiss, PDF link

In a recent landmark judgement, the US Supreme Court passed the healthcare reform and ruled that government has constitutional right to ask all US citizens to buy health insurance or pay penalty. Indeed, this is a great development for the American insurance industry, but is beneficial for Indian pharma as well since it will add 26mn new policies. Apart from increase generic usage, interchangeability of biologics will allow Indian biosimilars to enjoy the same status as small molecule generics of off-patented drugs. We highlight that companies like Dr. Reddy’s and Biocon have made good progress in biosimilar programs, while Cadila and Lupin are also scaling up.

Market Outlook - 03.07.2012- Angel Broking - PDF link

Market Outlook

Goldman Sachs - Do The BRICs need Replastering

Do The BRICs need Replastering?
In late 2008 and early 2009, there were two reasons why some of us found it relatively easy to go against
the prevailing view that a worrying global depression was around the corner. In fact, the inevitability of an
aggressive fiscal stimulus in many countries, combined with the ongoing rise of the so-called BRIC
economies meant that early 2009 was an excellent time to invest. Over three years later, the prevailing
view is that all western economic policy levers are spent as the consequences of that fiscal stimulus have
worn off, and in some cases reversed, under the pressure of bond markets (or at least the perception of
pressure). Interestingly, there is also a creeping perception that the great BRIC economic surge has
come to an end. I want to concentrate on this latter theme this week, although I will make reference to
other topical issues as well.
As readers will be aware, in recent weeks, I have attempted to put the Euro Area crisis into what I
thought was an appropriate global context. I have pointed out that in 2011, China’s nominal $GDP rose
by 1.3 trillion, equivalent to creating an economy the size of Greece every 11½ weeks and an economy
the size of Spain in not much more than a year. The BRIC countries collectively contributed around $2.2
trillion, not too far off the equivalent of another Italy.
But what happens if the BRICs stop contributing to global growth at this pace?
It is undoubtedly the case, with the exception of Russia, that Q1data in the BRIC economies has been
disappointing. Growth in Brazil and India has been especially weak. Ongoing economic releases, notably
another soft PMI for China published Friday, adds to the sense that things are not going as well as the
optimists hoped.

Goldman Sachs:: Quantifying the impact of labour market reform in the Euro area

Structural reform is a crucial element in
effecting the required reversal of the crosscountry
divergence in competitiveness
accumulated over the first decade of
Monetary Union. This divergence in
competitiveness is reflected in the evolution
of relative unit labour cost (ULC) trends.
With this in mind, we examine two episodes
of significant labour market reform:
Germany’s Hartz IV measures, introduced in
2005, and Italy’s abolition of institutionalised
wage indexation (the scala mobile) in 1992.
The implementation of these reforms has
yielded substantial benefits, notably by
speeding up and magnifying the positive
effect on growth of positive innovations in
ULCs fostered through the reform measures.
Using this historical experience as a guide,
we develop a view on whether the Spanish
labour market reform implemented earlier
this year will have a positive effect on the
outlook for the Spanish economy over our
forecast horizon (i.e., to the end of 2013).
We find that the cumulative boost to Spanish
GDP growth could be as much as two
percentage points, with the maximum impact
occurring as early as around mid-2013. As
positive side effects, inflation dynamics
would also become less persistent, thereby
helping to better control the level of longterm
interest rates. At the same time, we
recognise that this effect is unlikely to be
sufficient to offset the impact of the
deflationary pressures coming from fiscal
austerity and financial market dislocation

Edelweiss Technical Reflection (ETR) 3 July

Edelweiss Technical Reflection (ETR)

It is not surprising to see markets trade sideways after a large move, and that is what we got in yesterday’s session with Nifty ending the day dead flat. Even the day’s trading range remained narrow suggesting the bulls taking a breather at the crucial resistance of 5300. The activity was more pronounced in the broader markets that resulted in decent volumes and a favorable market breadth (A/D ratio of 2:1). Momentum in the immediate near-term is a bit overbought resulting in some minor profit taking / sideways price action; however the short / medium term readings are bullish to help the index climb above the 5300 barrier. Traders are recommended to use the 10-day EMA (5172) as a trading stop-loss and maintain longs for a target of 5440.

Among the notable sectoral gainers in yesterday session were Realty (+2.32%), Banking (+0.66%) and Power (+0.65%) indices. Underperformers list included stocks from the FMCG (-2.08%), Auto (-0.56%) and IT (-0.27%) sectors. The broader market Mid-cap and Small-cap indices managed to outperform the frontline index with gains of 0.90% and 1.09% respectively.

Bullish Setups: TATA, HMCL, BHEL, ICICIBC, PWGR, DLFU, ADE

Bearish Setups: TTMT/A, BHARTI, COAL

Regards,

Edelweiss Research 

Stocks in News : 3 July: Edelweiss

 Stocks in News

Jindal Steel & Power under scanner for buying Ore below market rates (ET)

US Healthcare plan may land Indian IT Cos deals worth $22-b (ET)

ICICI Bank deplanes, sells USD 4.5-bn KFA loan to Srei fund (ET)

Grasim cuts output at Staple fibre plant in MP (ET)

GMR JV to Tap S’pore mkt via coal co sale (ET)

SBI may raise at least $ 500 m via overseas bonds (ET)

Dr Reddy’s launches Osteoporosis tablets in US (ET)

Govt Readies to ease FDI rules to help Aviation (ET)

GlaxoSmithKline settles Healthcare fraud case for $ 3 B (ET)

GVK plans to raise Rs 3,500 cr from airport biz stake sale (BS)

R-Power loses case against discoms over Andhra UMPP (BS)

Sales Traders Commentary : 3 July: Edelweiss

Sales Traders Commentary

On Monday, the Indian equity market ended a volatile session on a flat note with negative bias. Both Sensex and Nifty dipped marginally down 0.10% each. Buying was seen in realty, consumer durables, PSU and financials, while FMCG, auto and IT stocks faced selling pressure.  

While the Sensex closed at 17398, down 31 points, the Nifty slipped 01 points to end the day at 5279.

Major gainers were HDFC Bank (1.84%), Bharti Airtel (1.59%), Sterlite Industries (India) (1.56%), Bharat Heavy Electricals (1.31%), Tata Steel (1.29%), and Housing Development Finance Corporation (1.08%).

Major losers were I T C (3.42%), Jindal Steel & Power (2.49%), Hindustan Unilever (1.61%), Tata Motors (1.53%), Tata Consultancy Services (1.36%), and Hero Motocorp (1.30%).

The Realty index was up 2.32%. Major gainers were D L F (3.13%), Indiabulls Real Estate (2.94%), Housing Development and Infrastructure (2.13%), Phoenix Mills (0.82%) and Oberoi Realty (0.29%).

The Consumer Durables index jumped 1.24%. Major gainers were Rajesh Exports (3.29%), Gitanjali Gems (1.34%), Bajaj Electricals (0.41%), Whirlpool Of India (0.18%) and Blue Star (0.03%).

The PSU index gained by 0.74%. Major gainers were BEML (4.35%), Balmer Lawrie & Company (1.03%), Allahabad Bank (0.77%), Bank Of Maharashtra (0.5%) and Bank Of India (0.36%).

The FMCG index was down 2.08%. Major losers were I T C (3.42%), Hindustan Unilever (1.61%), Colgate-Palmolive (India) (1.56%) and Dabur India (0.39%).

Major gainers in the mid–cap space were Alok Industries (1.98%), Aban Offshore (1.61%), ABG Shipyard (1.08%), Allcargo Logistics (0.49%) and CORE Education and Technologies (0.17%).

Major gainers among small caps were A2Z Maintenance & Engineering Services (5.3%), Aarti Industries (3.49%), Trident (2.03%), Action Construction Equipment (1.53%) and A B G Infralogistics (0.65%).

Globally, Asian indices ended on a mixed note, while European indices were trading in the green.