Daily Pointer
11th March 2010
Market Outlook
Indices
10 Mar 10 Index Change (pts) Change (%)
Sensex 17,098.33 45.79 0.27
Nifty 5116.25 14.75 0.29
MidCap 6,725.94 -8.71 -0.13
SmallCap 8,512.57 -18.15 -0.21
World Markets
Index Change (pts) Change (%)
DowJones 10,567.33 2.95 0.03
Nasdaq 2,358.95 18.27 0.78
FTSE100 5,640.57 38.27 0.68
Nikkei 10,658.16 94.24 0.89
Hang Seng 21,160.63 -47.66 -0.22
FII & MF Activity
09 Mar 10 Buy Sell Net
Cash 3730.10 1959.90 1770.20
IndexFutures 546 522 24.00
StockFutures 864 1402 -538.00
MF N/A N/A N/A
Currency & Commodity
11 Mar 10 Value Change (pts) Change (%)
Re/$ N/A N/A N/A
LSCrude($) 81.67 -0.42 -0.51
Stock Calls
Nifty 50 stocks support & resistance levels  
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Commentary
Indian equities nudged 0.3 per cent higher on Wednesday, with RIL leading the gains, helped by small gains in Asia. Investors however remained cautious after the main index rose 3.4 per cent last week, posting the best weekly gains so far in 2010
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News Analysis
Sell-off in 12-15 CPSUs next fiscal: Finmin official
The government is likely to go ahead with divestment in 12-15 public sector units, including SAIL, Coal India, Hindustan Copper, SJVNL and EIL among others next fiscal to raise Rs 40,000 crore, as stated in the budget   
SAIL plans capacity expansion
State—owned steel maker SAIL will increase its annual production capacity in a phased manner, taking it to 26 million tonnes by 2014. At present, the company produces about 13.82 million tonnes of hot metal every year   
Thermax forms joint venture US co Babcock & Wilcox Power
Power solutions provider Thermax Ltd has entered into an agreement with the US-based Babcock & Wilcox Power Generation Group (B&W PGG) to set up a joint venture company in India for manufacturing supercritical boilers   
GVK Developmental Projects bags 690 Mw project in J&K
GVK Developmental Projects, a wholly-owned subsidiary of GVK Power and Infrastructure, has won the bid to develop 690 Mw Rattle Hydro Electric Project on river Chinab, Kishtwar district, in the state of Jammu & Kashmir   
Supreme Infra bags two orders worth Rs 405 crore
Supreme Infrastructure has bagged two new orders worth Rs 405.4 crore from Punjab Infrastructure Devlopment Board and Maharashtra State Electricity Distribution Company   
Simplex Projects bags Rs 40 crore project from Guwahati Authority
Infrastructure company Simplex Projects has bagged a contract worth Rs 40 crore from Guwahati Metropolitan Development Authority (GMDA) for construction of car parking facility   
GEI Industrial bag orders from IOC, MRPL & ONGC
GEI Industrial Systems has bagged three orders amounting to Rs 54.5 crore for supply of Air Cooled Heat Exchangers for upstream and downstream projects in oil and gas sector for IOC, MRPL and ONGC   
LIC Housing eyes banking license
LIC Housing Finance Ltd, a leading mortgage lender, is keen to apply for a banking license, following the Government's decision to open up the banking sector to more private players. It is awaiting for the RBI guidelines   
Apr-Feb steel intake up 8.5%
Steel consumption rose 8.5 per cent to 51.23 million tonne (mt) during April-February period of this fiscal against 47.24mt on the back of steady rise in demand from sectors including automobiles, white goods and construction   
New pricing norms could favour airlines
The newly formed tariff regulator Airports Economic Regulatory Authority of India (Aera) is of the opinion that single-till model is the most appropriate way to decide charges in India.   
Technical Analysis
Sensex Sell Level 17113-17153 More...
Nifty Sell Level 5118-5128 More...
Forthcoming Events
Date Event
12 Mar 2010 IIP Data for the Month of January 2010
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