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Tuesday, April 5, 2011

[informed-investor] Morning brief for the stock market:

Stocks To Watch:Cairn India, Maruti Suzuki, HCL Infosystems, Lupin

Wednesday, Apr 6 - Morning brief for the stock market:



* Oct-Dec earnings to be detailed by: Goa Carbon.

* Board Meetings of:

  + Shiv-Vani Oil & Gas to consider raising up to 5 bln rupees via QIP.

  + Vas Infrastructure to consider conversion of warrants into shares.


INDICATORS (previous session)

* NSE provisional net buy/(sale) in bln rupees, Apr 5: FII 7.23, DII (5.29)

* Institutional net buy/(sale) in bln rupees, Apr 4: MF (1.43)

* FII NSE futures net buy/(sale) in bln rupee, Apr 5: index (6.13), shr (5.75)

* Sensex 19,686.82, down 14.91 points; Nifty 5,910.05, up 1.60 points.

* Crude: $108.34/bbl; Rupee: 44.41/$1; Gold: $1,451.30/ounce; 10-yr yld: 7.9758%





* US share indices ended nearly flat Tuesday as trading volumes were very low due to investors' reluctance to take major positions in the absence of any significant triggers.

* Key Asian indices were mixed today with bank shares being hit the most after People's Bank of China raised interest rates on Tuesday.



* AGRICULTURE: The government is likely to hike wheat procurement in 2011-12 (Apr-Mar) due to record output expected in the current season (Jul-Jun).


* BANKING: Public sector banks like BANK OF BARODA, ALLAHABAD BANK and CORPORATION BANK are looking to offer retail broking services. (FE)


* BEVERAGES: Beer, Liquor prices to rise over 60% in Maharashtra following the hike in excise duty announcement in the state budget. (ToI)


* FERTILIZER: The government may consider setting up a regulator for the fertilizer industry if urea prices are decontrolled. (Mint)


* FINANCIAL SERVICES: RBI has asked NBFCs to comply with know your customer and anti-money laundering guidelines to prevent misuse of deposit accounts.


* PHARMACEUTICALS: National Pharmaceutical Pricing Authority has rejected requests by many global companies for raising prices. (ET)


* REAL ESTATE: Thailand-based real estate developer Pruska Global plans to invest $300 mln to develop residential projects in India. (FE)


* SUGAR: The Sugar Directorate may notify the recently announced 500,000 tn open general licence sugar exports within one or two days.


* TEXTILES: Textiles ministry is opposed to the agriculture ministry's proposal to raise cotton exports in the current marketing year ending

September beyond the current cap of 5.5 mln bales.


* TRADE: The bilateral trade between India and Thailand is expected to reach $10 bln by December 2012.




* ABM KNOWLEDGEWARE: Has bagged e-governance contracts worth 633.2 mln rupees.


* ADVANTA INDIA: Plans to raise 2 bln rupees through a rights issue of shares.


* BAJAJ AUTO: Renault-Nissan, the company's partner in developing the small car said that Bajaj Auto has not passed on any information with Renault regarding the new project. (FE)


* BHARTI AIRTEL: In talks with mobile handset makers to launch 3G handsets below 4,500 rupees. (BL)


* CAIRN INDIA: Cabinet Committee on Economic Affairs may give its nod to the $9.6 bln Cairn Energy-Vedanta Resources deal today.


* CHEMFAB ALKALIES: Says Jan-Mar net profit 14.9 mln rupees against 24.2 mln yr ago, net sales at 71.8 mln rupees.


* GLAXOSMITHKLINE CONSUMER HEALTHCARE: Is looking to acquire brands to boost growth. (ET)


* HCL INFOSYSTEMS: Company's arm has won a project from a Dubai-based company for technology tools for school education.


* HIRA FERRO ALLOYS: Plans to acquire a 8.5 MW bio-mass power plant on slump sale basis for 1 mln rupees, in addition to its liabilities.


* LUPIN: Has filed a second suit against RANBAXY LABORATORIES to prevent it from launching fenofibrate, a generic version of Lupin's anti-cholestrol drug Antara. (ET)


* MARUTI SUZUKI INDIA: Has raised prices by up to 9,000 rupees from Apr 4 to offset the impact of rising input costs.


* OCTANT INTERACTIVE TECHNOLOGIES: Has bagged export orders worth 30 mln rupees for castor derivatives.


* RELIANCE MEDIAWORKS: Said it will inform NSE if there is any development with regards to its plan to raise funds via stake sale to one or more private equity investors.


* SATYAM COMPUTER SERVICES: Company and PricewaterhouseCoopers have agreed to pay a combined $17.5 mln to Securities and Exchange Commission to settle probe regarding the accounting fraud. (BS)


* SUDARSHAN CHEMICAL INDUSTRIES: Completed the first phase of expansion of its manufacturing plant at Roha spending 1 bln rupees.


* VAKRANGEE SOFTWARES: Promoter NJD Holdings has hiked its stake in the company to 9.49% form 4.88% earlier.






Vishal Dangaich

"If someone feels that they had never made a mistake in their LIFE, then it means they had never tried a new thing in their LIFE" - Albert Einstein

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