Daily Pointer
09th February 2010
Market Outlook
Indices
08 Feb 10 Index Change (pts) Change (%)
Sensex 15,935.61 19.96 0.13
Nifty 4760.40 3.15 0.07
MidCap 6,430.36 -5.57 -0.09
SmallCap 8,191.20 -6.73 -0.08
World Markets
Index Change (pts) Change (%)
DowJones 9,908.39 -103.84 -1.04
Nasdaq 2,126.05 -15.07 -0.70
FTSE100 5,092.33 -160.82 -3.06
Nikkei 9,907.65 -44.17 -0.44
Hang Seng 19,649.73 98.84 0.51
FII & MF Activity
06 Feb 10 Buy Sell Net
Cash 1517.80 3147.50 -1629.70
IndexFutures 2058.53 3975.71 -1917.18
StockFutures 1411.06 1225.12 185.94
MF N/A N/A N/A
Currency & Commodity
09 Feb 10 Value Change (pts) Change (%)
Re/$ N/A N/A N/A
LSCrude($) 71.54 -0.35 -0.48
Stock Calls
Nifty 50 stocks support & resistance levels  
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Commentary
In a highly choppy trade, Sensex failed to regain the psychological 16,000-mark on Monday, despite ending in the positive terrain for the second day with a gain of 20 points, as funds continued to their selling spree in heavy-weight counters
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News Analysis
Economy to grow at 7.2 pct in FY10
The government estimated the economy to grow by 7.2% in financial year 2009-10, against 6.7% a year ago,despite contraction in farm production. The projected GDP figure is lower than the Reserve Bank and the Finance Ministry's forecasts   
PNB buys control of Kazakhstan's Danabank
Punjab National Bank (PNB) has bought a controlling stake in the small Kazakh lender Danabank. The joint bank plans to focus on financing small and medium-sized businesses in Kazakhstan, particularly in the agricultural sector   
BHEL bags Rs 1,000 crore order from Bhutan
State-run BHEL has bagged Rs 1,016-crore contract from Punatsangchhu Hydroelectric Project Authority, Bhutan for the electro-mechanical equipment package for a 1,200 MW (6x200 MW) hydroelectric project   
Maruti eyes 100 pct jump in exports in FY'10
The country's largest carmaker, Maruti Suzuki India expects to double its exports to about 1.6 lakh units this fiscal, while it is aiming over 20 per cent growth in its overall sales. Last fiscal it exported 80,000 units   
Mahindra, BAE Systems to invest $21.25 million in defence JV
Mahindra & Mahindra Ltd and the UK's BAE Systems would inject $21.25 million (Rs 99 crore) over a three-year period into their joint venture company, Defence Land Systems India   
Areva T&D bags projects worth Rs 280 crore
Electrical equipment maker Areva T&D India has bagged two projects worth Rs 280 crore from State-owned Power Grid Corporation of India Ltd (PGCIL) for installation of sub-stations in Punjab and Haryana   
Nagarjuna Const wins orders worth Rs 583 crore
Nagarjuna Construction Company Ltd., (NCC) has secured five orders aggregating Rs 583 crore, including a Rs 238-crore deal from Director of Public Health Engineering, Kolkata for a surface water-based piped water supply scheme   
EID Parry JV to Begin Sugar Production This Week
EID Parry JV along with Cargill Inc., the largest U.S. agricultural company, will begin sugar production at its first Indian refinery this week. Silkroad Sugar Pvt will process 450,000 metric tons of the sweetener in the first year   
Madhucon Projects faces profit squeeze
Yesterday Madhucon had secured three hydro power projects of 25 MW each on a build-operate-transfer basis. These three projects will add around Rs 500 crore to the order book. Order book at present is around four times 2008-09 revenue   
Lupin goes all out to make up for lost chances
India's fifth largest drug maker by revenue, Lupin Ltd is charting a new course by investing in its intellectual property division, acquiring new assets in Latin America, and filing scores of new petitions to enter the US market   
Centre mulls domestic sugar ban for bulk users
The Centre, which is under attack for rising sugar prices, is weighing the option of asking bulk consumers, like makers of sweets, soft drinks, etc to use only imported refined sugar instead of buying domestic supplies   
Technical Analysis
Sensex Buy Level 15903-15780 More...
Nifty Buy Level 4751-4714 More...
Ventura Securities Ltd.
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