Daily Pointer
02nd September 2010
Market Outlook
Indices
01 Sep 10 Index Change (pts) Change (%)
Sensex 18205.87 234.75 1.31
Nifty 5471.85 69.45 1.29
MidCap 7723.93 127.09 1.67
SmallCap 9712.85 172.29 1.81
World Markets
Index Change (pts) Change (%)
DowJones 10269.47 254.75 2.54
Nasdaq 2176.84 62.81 2.97
FTSE100 5366.41 141.19 2.70
Nikkei 9035.72 108.70 1.22
Hang Seng 20894.45 270.62 1.31
FII & MF Activity
31 Aug 10 Buy Sell Net
Cash 3180.30 2641.90 538.40
IndexFutures 1828.96 2535.44 -706.48
StockFutures 1104.39 1347.26 -242.87
MF 446.60 798.70 -352.10
Currency & Commodity
02 Sep 10 Value Change (pts) Change (%)
Re/$ N.A N.A N.A
LSCrude($) 73.88 -0.03 -0.04
Stock Calls
BUY: RELINFRA & HDIL  
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Nifty 50 stocks support & resistance levels   
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News Analysis
Top Story: IDBI Bank waives service charges on current and savings accounts
IDBI Bank has waived all charges on a host of services for its current account and savings bank account (CASA) customers in a bid to grow low-cost deposits, retain customers and attract new ones   
BSNL calls fresh bids for GSM gear
Bharat Sanchar Nigam Ltd has once again scrapped its tender for buying GSM gear and has invited fresh bids for supplying equipment to support 5.5 million mobile subscribers   
ONGC sets sights on US shale gas assets, may decide on bidding for Cairn India by Oct
Following RIL's footsteps, Oil & Natural Gas' (ONGC) foreign arm ONGC Videsh is set to acquire shale gas assets in the US. OVL will enter into partnership instead of going for complete buyouts.   
Ambuja Cements' August output down YoY at 14.13 LT
Ambuja Cements' (ACL) August-month production stood at 14.13 lakh tonnes, slightly down from 14.18 lakh tonnes in the year-ago period. The cement-maker's dispatches in the same period were 14.29 lakh tonnes, the same in August 2009.   
Fortis Hospitals launches cancer institute, plans SRL IPO
Fortis Hospitals has launched a dedicated cancer institute at its Mumbai-based facility in Mulund. The facility in Mulund already houses around 225 beds and the new block inaugurated will add on 350 more beds, bringing the total to about 600 beds   
Jaiprakash Associates' Aug sales up 51 pc at 10.85 LT
Jaiprakash Associates reported a 51% jump in sales for the month of August at 10.85 lakh tones against 7.19 lakh tonnes cement in the same month last year.   
JSW Energy commissions 300-MW unit in Maharashtra
JSW Energy, part of the JSW Group, has commissioned commercial operation of the first unit of 300 MW of the 1,200-MW (4x300 MW) thermal power project at Jaigad, Ratnagiri district of Maharashtra.   
Exports in July grow 13% to $16.2 billion
Exports in July grew by 13.2 per cent, the slowest so far this fiscal, to $16.24 billion due to weak demand in major markets like the US and Europe. However, after shrinking for 13 months in a row due to the global financial crisis   
Videocon to invest Rs 500 crore in telecom infrastructure
Videocon Telecommunications Ltd (VTL) plans to invest Rs 450-500 crore in telecom infrastructure creation in Tamil Nadu over the next 16 months till end-2011. The company has more than one million subscribers in Tamil Nadu   
Indian Bank may sell Rs 900-cr bad loans to ARC
State-owned Indian Bank plans to sell assets worth Rs 900 crore to an asset reconstruction company (ARC). The bank said it would soon call for an expression of interest (EoI)   
Central Bank, Wipro in banking solution pact
The Central Bank of India and Wipro have announced a five-year total outsourcing agreement to provide technology-driven, core banking solution for seven sponsored regional rural banks (RRB)   
Reliance Broadcast to raise Rs 400 crore via stake sale
Reliance Broadcast Network, the media company of the Anil Dhirubhai Ambani group, announced that its board has approved raising over Rs 400 crore by selling equity shares to its founder and other investors   
IFCI may sell stake in NSE
IFCI Ltd plans to sell its 5.44 per cent stake in the National Stock Exchange, the nation's largest bourse, within two months, according to two company officials with direct knowledge of the matter   
L&T Power Hazira unit to go on stream by year-end
L&T Power Ltd, a subsidiary of Larsen & Toubro, expects its Hazira facility to be fully commissioned by the end of this year. The company would look at ramping up operations at the Hazira plant from 4,000 MW to 6,000 MW   
JSW Energy commissions 300-MW unit in Maharashtra
JSW Energy, part of the JSW Group, has commissioned commercial operation of the first unit of 300MW of the 1,200MW (4x300 MW) thermal power project at Jaigad, Ratnagiri district of Maharashtra on Wednesday   
TCS bags £250m deal with Unisys insurance unit buy
The acquisition of Unisys Corporation's insurance business, Unisys Insurance Services Ltd (UISL), by Tata Consultancy Services' UK subsidiary Diligenta could help India's largest IT firm's revenue from insurance sector to take off   
Tata Chemicals to set up second water purifier unit
Tata Chemicals with investment of Rs 50 crore intends to set up a second unit for manufacturing its water purifiers, sold under the Tata Swach .The company already has a facility at Haldia, where it currently manufactures 1 million units   
August auto sales vroom on sustained demand
On the back of sustained consumer demand, excitement on the various new launches and a continued availability of finance at cheap rates, the auto industry has posted a healthy growth in sales   
Sun Pharma receives US FDA nod for hyperactivity drug
Sun Pharma's subsidiary has received abbreviated new drug application approval from the US Food and Drug Administration to market generic atomoxetine hydrochloride capsules in strengths of 10 mg ,18 mg ,25 mg, 40 mg, 60 mg and 100 mg   
Ranbaxy sets up second manufacturing unit in S. Africa
Ranbaxy Laboratories Ltd has set up a new manufacturing facility in South Africa with an investment of $30 million.The new facility will manufacture analgesics, cold, cough and flu preparations, anti-histamines, anti-hypertensive   
Tata Motors to roll out entry-level JLR models to drive up volumes
Jaguar Land Rover (JLR), the luxury car brands owned by Tata Motors, will launch a slew of entry-level cars including a station wagon and a roadster to boost volumes across markets.   
Bilcare AG completes INEOS' global films biz buy
Bilcare AG, has successfully completed all formalities related to the acquisition of the global films business from the INEOS group for a sum of Rs 607 crore. INEOS films division is a leading global producer of high quality polymer films   
AstraZeneca, Aurobindo near finasteride supply deal
AstraZeneca Laboratories is set to ink a deal with Aurobindo Pharma for supply of generic finasteride, which is used in the treatment of prostate issues and male pattern baldness. AstraZeneca has already completed a product audit for finesteride   
Shree Renuka to crush 37% more sugarcane in India in 2010-11 season
Shree Renuka Sugars, the largest sugar refiner in the country, is likely to crush 37 per cent more sugarcane at 5.5 million tonnes in the 2010-11 marketing year starting October   
Technical Analysis
Sensex Buy Level 18150-18090 More...
Nifty Buy Level 5388-5368 More...
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