Alert messages

“04-06-2010 08:58:15BSE EQUITIES MARKET OPENED ”

“04-06-2010 08:58:15BSE EQUITIES MARKET OPENED ”

“04-06-2010 08:58:21The Normal market has opened.”

“04-06-2010 08:58:21Options Exercise is now open for contracts in Normal market for 04 JUN 2010.”

“04-06-2010 08:58:21The Normal market has opened.”

“04-06-2010 08:58:21Options Exercise is now open for contracts in Normal market for 04 JUN 2010.”

“04-06-2010 08:58:26Global Indices: DOW:10255.28(+5.74); Nasdaq:2303.03(+21.96); HangSeng:19739.84(-46.87),

Nikkei:9911.71(-2.48),SGXNifty:5090(-6)..Karvy F&O Desk Hyd.”

“04-06-2010 08:58:31

MV1: . Trade long from 5080, with SL at 5050 targeting 5100-5130. Alternatively, trade short if Nifty fails to

surpass 5130, with SL at 5150 targeting lower supports.

MV2:Key supports: 5080/5050

Key resistances: 5130/5150

Positive Sector: BFSI

Negative Sector: Metals

Stocks in Ban: IFCI..Karvy F&O Desk Hyd.”

“04-06-2010 08:58:41MV1: . Trade long from 5080, with SL at 5050 targeting 5100-5130. Alternatively, trade short if Nifty fails to

surpass 5130, with SL at 5150 targeting lower supports.

MV2:Key supports: 5080/5050

Key resistances: 5130/5150

Positive Sector: BFSI

Negative Sector: Metals

Stocks in Ban: IFCI..Karvy F&O Desk Hyd.”

“04-06-2010 08:59:11IFBIND: Call intd @ 111.10 ytdy. CMP: 120 !!!”

“04-06-2010 09:00:10EKC: Call given @ 131 on 02/06 CMP: Cmp: 133.70 !! Accumulate for Tgts: 139-140”

“04-06-2010 09:01:40Buy YESBANK: Cmp: 295.60; SL: 291; Tgts: 303-305; TF: 5-7 days”

“04-06-2010 09:05:20Buy SREINTFIN: Cmp: 83.60 SL: 81; Tgts: 90-92; TF: 10-12 days”

“04-06-2010 09:08:06Buy BANCOINDIA: Cmp: 99; SL: 96; Tgts: 105-107; TF: 7-10 days”

“04-06-2010 09:09:10Buy TVSMOTOR: Cmp: 102; SL: 99; Tgts: 107-109; TF: 7-8 days”

“04-06-2010 09:11:41BANCOINDIA: Call intd @ 99. Cmp: 101.15 !! Accumulate for Tgts: 106-108”

“04-06-2010 09:12:15EKC: Call given @ 131 on 02/06 CMP: Cmp: 135.10 !!!”

“04-06-2010 09:12:46Buy DLF June 280 PA @ 13.00-13.50;SL: 280(spot); TF:intraday…Karvy F&O Desk”

“04-06-2010 09:14:09ZYDUSWELL: BTST Call given @ 474.60 ytdy. CMP: 480 !!”

“04-06-2010 09:15:52IFBIND: Call intd @ 111.10 ytdy. CMP: 120 !!! Accumulate for Tgts: 125-127”

“04-06-2010 09:16:57IFBIND: Call intd @ 111.10 ytdy. CMP: 121 !!! Tgts: 126-127”

“04-06-2010 09:17:31IFBIND: Call intd @ 111.10 ytdy. CMP: 122 !!! ”

“04-06-2010 09:19:56USDINR June: Price is in a consolidation before rising further past 47.50. During this consolidation it has a good chance to dip to 46.55/46.40.”

“04-06-2010 09:20:07USDINR June: Expected to be sluggish in a range”

“04-06-2010 09:20:11EURINR June: Though weakness prevails, any dips near the recent lows could find strong support again. EurUsd to find support at 1.2085 being a potential target for this downfall.We expect a sharp recovery towards 1.2400 from there.”

“04-06-2010 09:20:11EURINR June: Though weakness prevails, any dips near the recent lows could find strong support again. EurUsd to find support at 1.2085 being a potential target for this downfall.We expect a sharp recovery towards 1.2400 from there.”

“04-06-2010 09:25:59Buy NELCO: Cmp: 115.45; SL: 112.50; Tgts: 119-121; TF: 5-7 days”

“04-06-2010 09:31:39GREAVESCOT: Call intd @ 330 ytdy. CMP: 334 !! Accumulate for TGTs: 340-345”

“04-06-2010 09:35:08YESBANK: Call intd @ 295.60. Cmp: 299 !!!”

“04-06-2010 09:36:18TUBEINVEST: Cmp: 107.15. Accumulate for Tgts: 113-115”

“04-06-2010 09:37:03GREAVESCOT: Call intd @ 330 ytdy. CMP: 338 !!!”

“04-06-2010 09:39:03Intraday Stock Futures: Sell Bharti June Fut @ 269-270 SL: 275(Spot) TF: Intraday….Karvy F&O Desk Hyd.”

“04-06-2010 09:42:42TVSMOTOR: Call intd @ 102. Cmp: 103. Accumulate for Tgts: 108-109”

“04-06-2010 09:47:40Buy AMRUTANJAN: Cmp: 822; SL: 816.50; Tgts: 835-837; Intraday”

“04-06-2010 09:49:59Buy HAVELLS: CMp: 645; SL: 639; Tgts: 655-660; TF; 2-3 days”

“04-06-2010 09:52:19GREAVESCOT: Call intd @ 330 ytdy. CMP: 342 !!!”

“04-06-2010 09:55:14Buy ONMOBILE: Cmp: 292; SL: 288.25; Tgts: 300-301; Intraday”

“04-06-2010 09:57:22TANLA: Call intd @ 36.95 ytdy; SL: 38.15 !!”

“04-06-2010 09:59:18CREWBOS: Call intd @ 90.70 ytdy. Cmp: 92.25 !! Tgts: 96-97”

“04-06-2010 10:00:03TVSMOTOR: Call intd @ 102. Cmp: 104 !! Tgt: 108-110”

“04-06-2010 10:04:28GREAVESCOT: Call intd @ 330 ytdy. CMP: 344 !!! ”

“04-06-2010 10:07:23Buy TALBROAUTO: Cmp: 68; SL: 65.50; Tgts: 72-74; TF: 7-8 days”

“04-06-2010 10:09:27GREAVESCOT: Call intd @ 330 ytdy. CMP: 347 !!!”

“04-06-2010 10:11:12Buy UNIPHOS: Cmp: 188; SL 184; Tgts: 195-197; TF: 3-5 days”

“04-06-2010 10:15:17Buy SHRIRAMEPC: Cmp: 268; SL: 262; Tgts: 280-285; TF: 4-6 days”

“04-06-2010 11:00:22

Intraday Fut: Sell Sesa Goa June fut @362-363 SL: 367 TF- Intraday…. karvy F&O Desk”

“04-06-2010 11:07:47BERGEPAINT: Cmp: 69.50. Accumulate for Tgts: 75-76 (refer our call)”

“04-06-2010 11:19:53EURINR June: Critical support is at 56.85-90..Break below could drag it to 56.60 levels now.Bookmark”

“04-06-2010 11:19:53EURINR June: Critical support is at 56.85-90..Break below could drag it to 56.60 levels now.Bookmark”

“04-06-2010 11:25:57KPIT: Call given @ 110.50 Yesterday. CMP: 113.85”

“04-06-2010 11:30:44GBPINR June: Buy dips to 68.38 s/l 68.19 tgt 68.78Bookmark”

“04-06-2010 11:30:44GBPINR June: Buy dips to 68.38 s/l 68.19 tgt 68.78Bookmark”

“04-06-2010 11:32:04EURINR June: Buy cmp 57.03 s/l 56.87 tgt 57.45”

“04-06-2010 11:34:20Buy LICHSGFIN: Cmp: 975.60; SL: 970; Tgts: 985-987; TF: 2-3 days”

“04-06-2010 11:35:54Buy ICICIBANK: Cmp: 864; SL: 859; Tgts: 873-875; TF: 1-2 days”

“04-06-2010 11:57:08Buy CARBORUNIV: Cmp: 200.55; SL: 196; Tgts: 208-210; TF: 5-7 days”

“04-06-2010 12:06:32JYOTISTRUC: Call intd @ 142 on 02/06. CMP: 144 !! Tgts: 149-150”

“04-06-2010 12:30:01TVSMOTOR: Call intd @ 102. Cmp: 105 !!! ”

“04-06-2010 12:31:11Buy CUMMINSIND: Cmp: 553.95; SL: 548.50; Tgts: 563-565; TF: 3-5 days”

“04-06-2010 12:39:07TVSMOTOR: Call intd @ 102. Cmp: 106.90 !!! ”

“04-06-2010 12:40:33BTST: ACC: Cmp: 851.75; SL: 846.50 Tgts: 860-864”

“04-06-2010 12:41:28Lupin Liquid Fut: Buy LUpin June fut @1850-1854 SL: 1820 Tgt- 1928-1930 TF- 3-4 Days.. Karvy F&O Desk”

“04-06-2010 13:16:00Buy ICICIBANK: Cmp: 864; SL: 859; Tgts: 873-875; TF: 1-2 days”

“04-06-2010 13:21:29Buy SBIN: CMp 2327.40; SL: 2319; Tgts: 2345-2350; Intraday”

“04-06-2010 13:33:31LICHSGFIN: Call intd @ 975.60. Cmp; 980.50 !!”

“04-06-2010 13:37:09Buy CAIRN: Cmp: 298.70; SL: 295.70; Tgts: 303-305; TF: 2-3 days”

“04-06-2010 13:39:43SBIN: Intraday call intd @ 2327.40. Cmp: 2340 !!!”

“04-06-2010 13:41:03M&M: Cmp: 585.60. Accumulate for Tgts: 595-597”

“04-06-2010 13:44:20Buy ORBITCORP: Cmp: 265; SL: 259.50; Tgts: 275-278; TF; 3-5 days”

“04-06-2010 13:47:20Intraday Fut: Buy M&M June fut @582-583 SL: 577 TF- Intraday….. karvy F&O Desk”

“04-06-2010 13:49:41Buy BGRENERGY: Cmp: 660; SL: 654; Tgts: 670-675; TF: 2-3 days”

“04-06-2010 13:54:56Buy OISL Cmp: 42.60; SL: 40.60; Tgts: 48-49; TF; 7-10 days”

“04-06-2010 14:04:52RCOM: Call given @ 159 ytdy. Cmp: 167 !!!”

“04-06-2010 14:05:36RCOM: Call given @ 159 ytdy. Cmp: 168 !!!”

“04-06-2010 14:06:12Intraday Fut: Exit Bharti Fut Long recomm. at 276-277.”

“04-06-2010 14:17:19Buy SUNDRMFAST: Cmp: 49.10; SL: 46.50; Tgts: 53-56; TF: 5-6 days”

“04-06-2010 14:22:43GBPINR June: For buy call given at 68.38 book part t/p at 68.55 and move the s/l to cost”

“04-06-2010 14:22:43GBPINR June: For buy call given at 68.38 book part t/p at 68.55 and move the s/l to cost”

“04-06-2010 14:30:02DCM: Call intd @ 54 on 02/06. Cmp: 56.50 !! Tgts: 62-63”

“04-06-2010 14:33:49ORBITCORP: Call intd @ 265. Cmp: 272 !!!”

“04-06-2010 14:34:48Buy AXISBANK Cmp: 1255.50; SL: 1248; Tgts: 1275-1280; TF: 1-2 days”

“04-06-2010 14:35:53ORBITCORP: Call intd @ 265. Cmp: 273 !!!”

“04-06-2010 14:36:58SBIN: Intraday call intd @ 2327.40. Cmp: 2345 !!!”

“04-06-2010 14:52:24HEXAWARE: Cmp: 75.30. Accumulate for Tgts: 80-81”

“04-06-2010 14:58:40BTST: ESCORTS: 186.60; SL: 183.25; Tgts: 191-192”

“04-06-2010 15:04:50BANCOINDIA: Call intd @ 99. Cmp: 102.40 !! Accumulate for Tgts: 107-109”

“04-06-2010 15:05:00Exit DLF June 280 PA @ 10.00-10.50…Karvy F&O Desk

“04-06-2010 15:11:48INDORAMA: Cmp: 34.05 Accumulate for Tgts: 38-39 (refer our call intd on 28/06)”

“04-06-2010 15:22:25TVSMOTOR: Call intd @ 102. Cmp: 108.40 !!!”

“04-06-2010 15:28:14The Normal market has closed for 04 JUN 2010.”

“04-06-2010 15:28:14The Normal market has closed for 04 JUN 2010.”

“04-06-2010 15:28:19The Normal market has closed.”

“04-06-2010 15:28:19The Normal market has closed.”

“04-06-2010 15:28:19BSE EQUITIES MARKET CLOSED ”

“04-06-2010 15:28:29BSE EQUITIES MARKET CLOSED ”

“04-06-2010 15:38:20BSE EQUITIES MARKET OPENED ”

“04-06-2010 15:38:30BSE EQUITIES MARKET OPENED ”

“04-06-2010 15:48:15The Closing Session has opened.”

“04-06-2010 15:48:15The Closing Session has opened.”

“04-06-2010 15:58:15The Closing Session has closed.”

“04-06-2010 15:58:15The Closing Session has closed.”

“04-06-2010 15:59:15BSE EQUITIES MARKET CLOSED ”

Pivot Point for 07-06-2010

7-Jun-10 Pivot Point NSE
Symbol   LTP S3 S2 S1 Pivot Point R1 R2 R3
ABB 858.55 840.15 848.85 853.70 857.55 862.40 866.25 874.95
ACC 841.90 811.63 828.33 835.12 845.03 851.82 861.73 878.43
AMBUJACEM 112.50 107.78 110.43 111.47 113.08 114.12 115.73 118.38
AXISBANK 1245.45 1211.82 1229.82 1237.63 1247.82 1255.63 1265.82 1283.82
BHARTIARTL 276.30 252.27 263.17 269.73 274.07 280.63 284.97 295.87
BHEL 2331.80 2271.10 2300.40 2316.10 2329.70 2345.40 2359.00 2388.30
BPCL 579.80 534.17 556.57 568.18 578.97 590.58 601.37 623.77
CAIRN 300.20 280.73 289.53 294.87 298.33 303.67 307.13 315.93
CIPLA 325.10 319.63 322.43 323.77 325.23 326.57 328.03 330.83
DLF 281.75 257.25 268.85 275.30 280.45 286.90 292.05 303.65
GAIL 460.75 437.45 450.35 455.55 463.25 468.45 476.15 489.05
GRASIM 1772.50 1731.75 1754.50 1763.50 1777.25 1786.25 1800.00 1822.75
HCLTECH 386.90 356.47 369.97 378.43 383.47 391.93 396.97 410.47
HDFCBANK 1885.70 1832.47 1862.17 1873.93 1891.87 1903.63 1921.57 1951.27
HINDALCO 147.60 136.27 141.47 144.53 146.67 149.73 151.87 157.07
HDFC 2748.90 2672.30 2706.70 2727.80 2741.10 2762.20 2775.50 2809.90
HEROHONDA 1996.25 1917.33 1955.78 1976.02 1994.23 2014.47 2032.68 2071.13
HINDUNILVR 251.70 236.47 244.57 248.13 252.67 256.23 260.77 268.87
ICICIBANK 865.85 833.85 848.35 857.10 862.85 871.60 877.35 891.85
IDEA 55.95 51.07 53.32 54.63 55.57 56.88 57.82 60.07
IDFC 163.40 156.67 159.67 161.53 162.67 164.53 165.67 168.67
INFOSYSTCH 2728.95 2605.37 2660.92 2694.93 2716.47 2750.48 2772.02 2827.57
ITC 290.85 256.95 271.75 281.30 286.55 296.10 301.35 316.15
JINDALSTEL 629.65 611.28 620.68 625.17 630.08 634.57 639.48 648.88
JPASSOCIAT 122.55 116.05 119.25 120.90 122.45 124.10 125.65 128.85
LT 1672.00 1600.47 1632.27 1652.13 1664.07 1683.93 1695.87 1727.67
M&M 585.20 550.92 566.27 575.73 581.62 591.08 596.97 612.32
MARUTI 1330.05 1228.35 1273.35 1301.70 1318.35 1346.70 1363.35 1408.35
NTPC 202.20 197.30 200.00 201.10 202.70 203.80 205.40 208.10
ONGC 1189.70 1111.57 1156.57 1173.13 1201.57 1218.13 1246.57 1291.57
PNB 1015.85 978.62 995.42 1005.63 1012.22 1022.43 1029.02 1045.82
POWERGRID 105.75 102.87 104.22 104.98 105.57 106.33 106.92 108.27
RANBAXY 430.50 419.50 425.60 428.05 431.70 434.15 437.80 443.90
RCOM 168.55 144.58 155.18 161.87 165.78 172.47 176.38 186.98
RELCAPITAL 678.95 632.82 655.72 667.33 678.62 690.23 701.52 724.42
RELIANCE 1031.20 1002.78 1016.33 1023.77 1029.88 1037.32 1043.43 1056.98
RELINFRA 1110.65 1059.50 1083.35 1097.00 1107.20 1120.85 1131.05 1154.90
RPOWER 160.15 150.33 155.78 157.97 161.23 163.42 166.68 172.13
SAIL 201.35 190.03 195.48 198.42 200.93 203.87 206.38 211.83
SBIN 2340.75 2184.58 2253.58 2297.17 2322.58 2366.17 2391.58 2460.58
SIEMENS 695.80 669.50 681.80 688.80 694.10 701.10 706.40 718.70
STER 648.45 605.32 625.62 637.03 645.92 657.33 666.22 686.52
SUNPHARMA 1704.80 1656.22 1680.67 1692.73 1705.12 1717.18 1729.57 1754.02
SUZLON 55.80 51.53 53.53 54.67 55.53 56.67 57.53 59.53
TATAMOTORS 771.60 727.18 747.43 759.52 767.68 779.77 787.93 808.18
TATAPOWER 1238.75 1164.87 1198.22 1218.48 1231.57 1251.83 1264.92 1298.27
TATASTEEL 485.25 461.70 473.15 479.20 484.60 490.65 496.05 507.50
TCS 765.35 734.42 748.92 757.13 763.42 771.63 777.92 792.42
UNITECH 71.25 68.05 69.75 70.50 71.45 72.20 73.15 74.85
WIPRO 655.45 639.78 647.48 651.47 655.18 659.17 662.88 670.58

Support & Resistances for 07-06-2010

Support & Resistances for 07-06-2010
 
    SENSEX NIFTY FUTURE (June-2010)
    BANKNIFTY NIFTY
04-Jun-10 Open  17036.55 5112.50 9275.20 5090.60
High 17150.42 5147.90 9389.90 5134.90
Low 16963.92 5091.60 9252.15 5070.60
Close 17117.68 5135.50 9342.95 5119.95
LTP 17117.68 5135.50 9340.00 5116.50
Range 186.50 56.30 137.75 64.30
7-Jun-10 R3 17450.34 5237.60 9603.83 5237.08
R2 17263.84 5181.30 9466.08 5172.78
R1 17190.76 5158.40 9404.52 5146.37
PP 17077.34 5125.00 9328.33 5108.48
S1 17004.26 5102.10 9266.77 5082.07
S2 16890.84 5068.70 9190.58 5044.18
S3 16704.34 5012.40 9052.83 4979.88
 
R1/R2/R3: Resistance
PP: Pivot Point
S1/S2/S3: Supports

Market Indices for 07-06-2010

NSE 4-Jun-10 7-Jun-10
Index Open High Low Last range S3 S2 S1 pp R1 R2 R3
S&P CNX NIFTY 5112.6 5147.9 5091.6 5135.5 56.3 5012.40 5068.70 5102.10 5125.00 5158.40 5181.30 5237.60
CNX NIFTY JUNIOR 10946.1 10946.1 10862.25 10921.8 83.85 10742.35 10826.20 10874.00 10910.05 10957.85 10993.90 11077.75
CNX IT 5844.3 5894.35 5799.85 5884.3 94.5 5670.50 5765.00 5824.65 5859.50 5919.15 5954.00 6048.50
BANK NIFTY 9402.8 9490.95 9363.3 9455.95 127.65 9181.43 9309.08 9382.52 9436.73 9510.17 9564.38 9692.03
CNX 100 5088.1 5115.6 5066.25 5105.1 49.35 4996.95 5046.30 5075.70 5095.65 5125.05 5145.00 5194.35
S&P CNX DEFTY 3796.65 3829.8 3776.2 3816.6 53.6 3700.33 3753.93 3785.27 3807.53 3838.87 3861.13 3914.73
S&P CNX 500 4259.75 4270.75 4244 4263.45 26.75 4205.90 4232.65 4248.05 4259.40 4274.80 4286.15 4312.90
CNX MIDCAP 7858.8 7888.95 7827.65 7890.25 61.3 7746.35 7807.65 7848.95 7868.95 7910.25 7930.25 7991.55
NIFTY MIDCAP 50 2682 2693.25 2665.95 2691.2 27.3 2628.87 2656.17 2673.68 2683.47 2700.98 2710.77 2738.07
                         
SENSEX  17,036.55 17,150.42 16,963.92 17,117.69 186.5 16704.34 16890.84 17004.27 17077.34 17190.77 17263.84 17450.34
MIDCAP  6,882.80 6,901.45 6,870.01 6,890.19 31.44 6824.34 6855.78 6872.98 6887.22 6904.42 6918.66 6950.10
SMLCAP  8,637.07 8,664.53 8,626.04 8,640.40 38.49 8566.68 8605.17 8622.78 8643.66 8661.27 8682.15 8720.64
BSE-100  9,101.08 9,147.35 9,060.77 9,129.09 86.58 8939.24 9025.82 9077.46 9112.40 9164.04 9198.98 9285.56
BSE-200  2,167.32 2,177.25 2,158.96 2,173.00 18.29 2133.16 2151.45 2162.22 2169.74 2180.51 2188.03 2206.32
BSE-500  6,828.69 6,858.87 6,805.58 6,845.45 53.29 6730.05 6783.34 6814.40 6836.63 6867.69 6889.92 6943.21
BSE IPO  2,015.26 2,022.05 2,005.35 2,007.89 16.7 1978.36 1995.06 2001.48 2011.76 2018.18 2028.46 2045.16
BSE Sectoral Indices                        
FMCG  3,035.08 3,077.23 3,035.08 3,069.04 42.15 2976.15 3018.30 3043.67 3060.45 3085.82 3102.60 3144.75
TECk  3,210.76 3,241.60 3,178.47 3,239.61 63.13 3093.63 3156.76 3198.19 3219.89 3261.32 3283.02 3346.15
IT  5,257.70 5,302.27 5,213.18 5,296.41 89.09 5092.44 5181.53 5238.97 5270.62 5328.06 5359.71 5448.80
BANKEX  10,708.87 10,811.32 10,663.45 10,773.31 147.87 10453.62 10601.49 10687.40 10749.36 10835.27 10897.23 11045.10
AUTO  7,841.86 7,901.88 7,799.62 7,894.44 102.26 7660.79 7763.05 7828.75 7865.31 7931.01 7967.57 8069.83
REALTY  3,084.04 3,128.85 3,055.67 3,101.17 73.18 2948.87 3022.05 3061.61 3095.23 3134.79 3168.41 3241.59
CG  13,823.52 13,827.27 13,690.12 13,808.50 137.15 13501.00 13638.15 13723.32 13775.30 13860.47 13912.45 14049.60
CD  4,504.61 4,544.76 4,493.78 4,502.77 50.98 4411.81 4462.79 4482.78 4513.77 4533.76 4564.75 4615.73
HC  5,520.54 5,544.80 5,504.25 5,509.17 40.55 5438.31 5478.86 5494.01 5519.41 5534.56 5559.96 5600.51
PSU  9,211.01 9,222.60 9,164.74 9,171.44 57.86 9070.54 9128.40 9149.92 9186.26 9207.78 9244.12 9301.98
OIL&GAS  10,195.13 10,210.00 10,133.81 10,150.21 76.19 10012.29 10088.48 10119.35 10164.67 10195.54 10240.86 10317.05
POWER  3,045.22 3,045.22 3,020.89 3,033.39 24.33 2984.51 3008.84 3021.11 3033.17 3045.44 3057.50 3081.83
METAL  14,788.60 14,869.30 14,617.84 14,789.78 251.46 14256.05 14507.51 14648.65 14758.97 14900.11 15010.43 15261.89
BSE Dollex Indices                        
DOLLEX-30  3,002.61 3,020.09 2,987.55 3,014.50 3100.82 -3194.26 -93.44 2994.67 3007.38 3027.21 6108.20 9209.02
DOLLEX-100  2,019.53 2,029.80 2,010.58 2,025.74 2075.25 -2128.46 -53.21 2014.28 2022.04 2033.50 4097.29 6172.54
DOLLEX-200  773.99 777.54 771.01 776.02 789.75 -804.64 -14.89 772.17 774.86 778.70 1564.61 2354.36

Today’s Levels (04-06-2010)

(Last Close : Sensex 17022 : Nifty Spot 5111)
Today’s Levels
Trade short if Sensex fails to sustain above 17073 (Nifty 5126)
[Downside targets/supports at 17000(5100)/16950(5085) or lower]
Trade long if Sensex sustains above 17000 (Nifty 5100)
[Upside targets/resistances at 17073(5126)/17134(5150) or higher]

10 PSUs to be divested by March 2011

Check out 10 PSUs to be divested by March 2011

The government is aiming to raise Rs 40,000 crore this fiscal through stake sale in 10 more public sector entities, including IndianOil and MMTC, and has set a roadmap for the same with the first issue SJVNL sailing off smoothly.

As per the Cabinet decision, all listed profitable PSUs should have a public holding of at least 10% and all profitable unlisted CPSUs should be listed.

As per criteria, 60 state-run companies are eligible for disinvestment. Last fiscal, the government had raised Rs 25,000 crore through stake sale in PSUs like Oil India, NMDC, REC and NTPC.

Here we take a look at 10 PSUs in which the government is going to sell its stake this fiscal:

 1)   Engineers India Ltd –   Stake sale likely in: June

Engineers India Ltd (EIL) was set up in 1965 to provide engineering and related technical services for petroleum refineries and other industrial projects.

It is working under the administrative control of the Ministry of Petroleum and Natural Gas (MoP&NG).

EIL today has emerged as Asia’s leading design, engineering and turnkey contracting company providing a complete range of project services needed to conceptualize, plan, design, engineer and construct projects to meet the specific requirements of its clients.

2)   Coal India Limited – Stake sale likely in: August

Coal India Limited (CIL) is a Schedule ‘A’ ‘Navratna’ PSU under Ministry of Coal, with headquarters in Kolkata. It is the single largest coal producing company in the world and the largest corporate employer in the country with manpower of 409,332 (as on 1 July 2009).

With proven coal reserves of 105.82 billion tonnes out of total reserves of 267 billion tonnes (as on 1 April 2009), Coal India plays a pivotal role in Indian energy scenario. Coal India is a holding company with seven wholly owned coal producing subsidiary companies and one mine planning & consultancy company.

It operates through 79 areas and 473 mines of which 279 are underground, 163 opencast and 31 mixed mines. CIL further operates 18 coal washeries (12 coking coal and 6 non-coking coal) and also manages 200 other establishments like workshops, hospitals etc. CIL commands 75% of the Indian coal market.

3)   Hindustan Copper Ltd : Stake sale likely in: August-September

Hindustan Copper Limited (HCL), a public sector undertaking under the administrative control of the Ministry of Mines, was incorporated in November 1967.

It has the distinction of being the nation’s only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.

The company markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc), copper sulphate and sulphuric acid. More than 90% of the sales revenue is from cathode and continuous cast copper rods.

4)   SAIL – Stake sale likely in: September

SAIL is India’s largest steel producing company. With a turnover of Rs 48,681 crore, the company is among the top five highest profit earning corporates of the country.

Ranked amongst the top ten public sector companies in India in terms of turnover, SAIL manufactures and sells a broad range of steel products, including hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and other alloy steels.

SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

5)   Power Grid Corporation – Stake sale likely in: November

Powergrid Corporation of India Ltd, a navratna public sector enterprise, is one of the largest transmission utilities in the world. It wheels about 45% of the total power generated in the country on its transmission network.

It has a pan India presence with around 71,500 circuit kms of transmission network and 120 EHVAC & HVDC sub-stations with a total transformation capacity of 79. 500 MVA.

Powergrid has also diversified into telecom business and established a telecom network of more than 20,000 kms across the country.It has consistently maintained the transmission system availability over 99% which is at par with the international utilities.

6)   Indian Oil Corporation – Stake sale likely in: December

India’s flagship national oil company and downstream petroleum major Indian Oil Corporation Ltd (IndianOil) is the nation’s largest commercial enterprise, with a sales turnover of Rs 2,85,337 crore, the highest-ever for an Indian company, and a net profit of Rs 2, 950 crore for the year 2008-09.

IndianOil is also the highest ranked Indian company in the prestigious Fortune ‘Global 500’ listing, having moved up 11 places to the 105th position in 2009.

Incorporated as Indian Oil Company Ltd on June 30, 1959, it was renamed as Indian Oil Corporation Ltd on September 1, 1964 following the merger of Indian Refineries Ltd (established 1958) with it.

IndianOil and its subsidiaries account for approximately 48% petroleum products market share, 34% national refining capacity and 71% downstream sector pipelines capacity in India.

7)   Manganese Ore India Ltd-  Stake sale likely in: December

Manganese Ore India Ltd (MOIL) currently operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh.

All these mines are about a century old. MOIL fulfills about 70% of the total requirement of dioxide ore in India. The total production of manganese ore from all the mines constitutes about 65% of requirement of the country.

At present, the annual production is around 1.4 million tonnes which is expected to grow in the coming years. MOIL has set up Ferro Manganese Plant (10,000 TPY) and Electrolytic Manganese Dioxide (EMD) Plant (1000 TPY) as per its diversification plan for value addition to manganese ore.

MOIL is further considering setting up captive power plant, expanding the capacity of ferro manganese plant and setting up a new silico manganese plant.

8)   Rastriya Ispat Nigam Ltd – Stake sale likely in: January 2011

Being the corporate body of Visakhapatnam Steel Plant, Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam, is one of the most prominent steel producing units of India.

Located 26 kilometers south of Visakhapatnam, the foundation stone of RINL was laid down in 1971.

The plant is known to have three different mines under its control, namely a dolomite mine and manganese mine at Cheepurupalli and a blast furnace grade limestone mine at Jaggayapeta.

9)   MMTC-  Stake sale likely in: February 2011

Established in 1963, MMTC, one of the two highest foreign exchange earner for India, is a leading international trading company with a turnover of over $7 billion.

It is the largest international trading company of India and the first public sector enterprise to be accorded the status of ‘FIVE STAR EXPORT HOUSE’ by Govt Of India for long standing contribution to exports.

MMTC is the largest non-oil importer in India. Its vast international trade network, which includes a wholly owned international subsidiary in Singapore, spans almost in all countries in Asia, Europe, Africa, Oceania and Americas, giving MMTC a global market coverage.

 10) Shipping Corporation of India Ltd- Stake sale likely in: March 2011

The Shipping Corporation of India was established in October 1961 by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation.

Starting out as a marginal Liner shipping company with just 19 vessels, the SCI today has metamorphosed into a giant conglomerate owning 76 ships of 5.1 million DWT with substantial interests in almost all segments of the shipping trade.

In addition, SCI mans/manages 60 vessels of 0.2 million tonnes DWT. It owns and operates about 33% of the Indian tonnage servicing both national and international trades.

Till recently, not many people had heard of Satluj Jal Vidyut Nigam. Then the government announced that the company would a candidate for divestment in the coming months and now everyone is suddenly interested in knowing more about Satluj Jal Vidyut Nigam.

With the government preparing for another round of divestment, a fresh new set of public sector undertakings (PSUs) are preparing to capture the limelight. They’re not the big ticket ‘navratnas’ like ONGC, SAIL and GAIL which the public has come to recognise. Instead, they are hitherto unknown companies and nobody is quite sure what they do. The companies picked by the Government for divestment are all set to become familiar names for investors in the months to come.

For The Day (04-06-2010)

FOR THE DAY: The indices are expected to open on a flat note in response to the mixed global indices. Trade long in Nifty from 5080, with stop loss at 5050 targeting 5100 and 5130 levels. Alternatively, trade short if Nifty fails to surpass 5130 levels, with stop loss at 5150 targeting lower supports.