Eastern Financiers Ltd

EF Market Times
26th July 2011
Market Data

Market Wrap-Up
Markets persisted on with its rally that initiated on the last day of the week
despite dismal global markets as US lawmakers' inability to reach a deal to
raise the country's $14.3-trln debt ceiling over the weekend kept the global
sentiment subdued. Markets were in a consolidation mode in the first half of
the trade and surged in the second half led by buying that was witnessed in
index heavyweight RIL ahead of its first quarter numbers and RBI policy
meet. RBI is anticipated to hike rates by 25BP which seems to have been
discounted by the markets. Gains may be attributed to the telecom sector
that piled up maximum returns to the tune of 1.38% on optimistic sentiment
brought in by the hike in call rates by Bharti Airtel last week that raised
prospects of revival of growth in the sector. Auto, Capital Goods, Healthcare
and Metals added in the band of 1-1.4%. All the sectoral indices ended with
gains except FMCG that flaked 0.8%. Nifty culminated trade above 5650 level
at 5680.30, accumulating 46.35 points after touching the 5700 mark during
the day and the Sensex ended with gains of 148.99 points at 18871.29.

Corporate Update

Domestic Markets
Indices
Nifty
SENSEX
BSE MIDCAP
BSE SMLCAP
BSE-100
BSE-200
BSE-500

Last Trade

Pts chg

% chg

5680.30
18,871.29
7,080.31
8,505.42
9,892.32
2,339.30
7,359.61

46.35
148.99
34.19
41.93
80.64
18.11
54.20

0.82
0.80
0.49
0.50
0.82
0.78
0.74

Last Trade

Pts chg

% chg

22,293.29
2,688.75
10,050.01
2,150.48
8,683.51
3,171.55
4,087.09

(151.51)
(82.04)
(82.10)
(20.75)
(81.81)
(11.40)
(19.73)

-0.68
-2.96
-0.81
-0.96
-0.93
-0.36
-0.48

Asian Indices
INDICES
HANGSENG
SHANGHAI
NIKKEI
SEOUL
TAIWAN TAIEX
STRAITS TIMES
JAKARTA COMPOSI

Sectoral Indices
INDEX
AUTO
TECk
CG
HC
METAL
REALTY
BANKEX
POWER
OIL&GAS
PSU
CD
IT
FMCG

Last Trade

Pts chg

% chg

8,981.62
3,688.77
13,879.40
6,496.28
14,934.26
2,223.21
13,014.02
2,588.12
9,244.00
8,605.81
6,792.79
5,934.40
4,076.97

122.16
50.15
168.39
78.12
172.15
18.82
105.36
18.27
54.81
39.94
20.22
1.71
(32.81)

1.38
1.38
1.23
1.22
1.17
0.85
0.82
0.71
0.60
0.47
0.30
0.03
(0.80)

The formulations manufacturing plant of Zydus Group at Baddi, Himachal

Pradesh has been approved by the USFDA.
Ranbaxy Laboratories has launched Letrozole tablets in UK, Romania and
France.
Agro Dutch Industries has clarified that Chennai Can Unit of the company
is under commission and there is no deal or decision to sell the said unit.
Technofab Eng has received two new orders worth Rs 163 crore. The total
fresh orders booked during the current fiscal aggregates to Rs 326 crore.
Suzlon Energys subsidiary has signed an irrevocable undertaking to sell
its 26.06% equity interest in Hansen Transmissions International NV,
Belgium.
Areva T&D Indias transmission business has entered into memorandum
of understanding with Power Grid to provide Ultra High Voltage
technology for Power Grids upcoming 1200KV UHVAC National Test
Station at Bina in Madhya Pradesh.
Edserv Soft systems plans to raise up to $ 35 million through GDR issue to
fund aggressive expansion.
Tata Motors has opened an assembly plant at Rosslyn, in the Gauteng
province of South Africa, to roll out medium and heavy commercial vehicles
ranging from four to 50 tonnes capacity.
Dr Reddy's has entered into an agreement with JB Chemicals &
Pharmaceuticals to acquire their pharmaceutical prescription portfolio in
the Russia and other CIS regions, for $34.85 million.
Glenmark Pharmaceuticals S.A, a wholly owned subsidiary of Glenmark
Pharmaceuticals, has completed phase I trial of GRC 15300, a first-in-class
TRPV3 inhibitor for treatment of pain.
Religare Capital Markets, the investment banking arm of Religare
Enterprises, will acquire a controlling stake in South African brokerage
Noah Financial Innovation for an undisclosed amount.
Agre Developers has formed a joint venture firm with Infrastructure
Leasing & Financial Services Ltd to develop infra-logistics parks.
Emami Group is poised to team up with Sheth Developers of Mumbai to
jointly develop prime realy estate on Gokhale Road, Dadar, Mumbai.

Q1 Earnings

Patni Computer Systems reported standalone net profit of Rs 82.03 crore

for quarter ended June 2011 against Rs 176.75 crore a quarter ago. Net
sales were at Rs 497.96 crore as compared to Rs 512.06 crore last quarter.
NTPCs standalone net profit climbed to Rs 2075.78 crore for quarter ended
June 2011 against Rs 1841.89 crore in the same quarter a year ago. Net
sales were at Rs 14171.49 crore as compared to Rs 12944.49 crore.
Bank of India posted a 28% decline in net profit at Rs 517.5 crore for the
quarter ended June 30, 2011 as against Rs 725.1 crore in June 2010. Total
income increased by 34.8% at Rs 7,293.6 crore as compared to Rs 5,407.6
crore during the year-ago period.
Edelweiss net profit has fallen 23% to touch Rs 33.21 crore in the quarter
ended June 30, 2011, as against Rs 43.26 crore in June 2010. The income
increased by 2.5% from Rs 386.26 crore to Rs 395.83 crore in June 2011.

Eastern Financiers Ltd

EF Market Times
26th July 2011

FII F&O Statistics

BUY

NET Buy/(Sell)
Value

SELL

No. of Contracts

Value (Rs. In Cr.)

No. of Contracts

Value (Rs. In Cr.)

(Rs. In Cr.)

106572
382679
128012
12065

2939.69
10766.66
3726.66
350.15

81768
321982
124885
12034

2298.28
9004.13
3629.68
354.54

641.41
1,762.53
96.98
(4.39)

INDEX FUTURES
INDEX OPTIONS
STOCK FUTURES
STOCK OPTIONS

FII Investments on 25th July 2011

Debt/Equity

Equity

Debt

Investment
Route

Gross
Purchases(Rs
Crores)

Gross
Sales(Rs
Crores)

Net Investment
(Rs Crores)

Net Investment
US($) million

Stock Exchange

2715.40

2197.70

517.70

116.65

Primary market
& others

7.80

0.80

7.10

1.59

Sub-total

2723.20

2198.50

524.70

118.25

Stock Exchange

355.10

394.10

(39.00)

(8.79)

Primary market
& others

1879.30

0.00

1879.30

423.49

2234.40
4957.60

394.10
2592.60

1840.30
2365.00

414.70
532.95

Sub-total

Total

Conversion
(1 USD TO INR)

Rs.44.3763

Open Interest Data

INDEX FUTURES
INDEX OPTIONS
TOTAL INDEX
STOCK FUTURES
STOCK OPTIONS

TOTAL STOCKS
GRAND TOTAL

Current OI (Rs Cr.)

Chg in OI (Rs Cr.)

15428.78
90221.34
105650.1
38864.06
8410.73
47274.78
152924.90

769.19
4219.08
4988.27
1544.59
80.28
1624.87
6613.14

Eastern Financiers Ltd

EF Market Times
26th July 2011
Increase In Open Interest
Company

Prev OI

BANKINDIA
TECHM
JUBLFOOD
NATIONALUM
CIPLA

5470
745
762
1102
2698

Decrease In Open Interest

Curr
OI
6573
795
810
1136
2780

%Chg
OI
20.16
6.71
6.30
3.09
3.04

Curr
Price
402.95
781.05
878.65
80.25
317.50

%Chg
Price
-3.24
4.12
0.68
-1.17
-1.41

Increase In Open Interest & Decrease In Price

Company
BANKINDIA
NATIONALUM
CIPLA
SOUTHBANK
TTKPRESTIG

Prev
OI
5470
1102
2698
271
403

Curr
OI
6573
1136
2780
279
412

%Chg
OI
20.16
3.09
3.04
2.95
2.23

Curr
Price
402.95
80.25
317.50
23.90
3,075.50

Company

Prev OI

RUCHISOY
MTNL
ABGSHIP
RELCAPIT
TATASTEE

8911
1752
2430
6575
21601

Curr
OI
4367
964
1581
4375
15270

%Chg
OI
-50.99
-44.98
-34.94
-33.46
-29.31

Curr
Price
98.25
48.10
375.00
602.00
594.00

Decrease In Open Interest & Increase In Price

%Chg
Price
-3.24
-1.17
-1.41
-0.83
-1.05

Company
RUCHISOY
MTNL
ABGSHIP
RELCAPIT
TATASTEE

Prev
OI
8911
1752
2430
6575
21601

Curr OI
4367
964
1581
4375
15270

%Chg
OI
-50.99
-44.98
-34.94
-33.46
-29.31

Curr
Price
98.25
48.10
375.00
602.00
594.00

Technical Trading Calls

Indices
Indices
Sensex
Nifty

Close

R1

R2

S1

S2

18,871.29

19010

19120

18810

18650

5680.30

5710

5740

5650

5600

Stocks
Scrip

%Chg
Price
0.67
8.82
1.30
0.42
1.56

Close

Call

Stop Loss

Target

Shyam Telecom

50.10

BUY

44

60

Indo Tech Transformer

144.60

BUY

133

160

Amrutanjan

931.25

BUY

898

1000

AVT Natural

418.70

BUY

390

440

%Chg
Price
0.67
8.82
1.30
0.42
1.56

Eastern Financiers Ltd

EF Market Times
26th July 2011

Support & Resistance

Security Name

Close

R1

R2

R3

* S&P CNX NIFTY

5,680.30

5715

5750

5799

5666

5631

5582

5533

- CNX BANK INDEX - 1 MONTH

11,399.25

11483

11566

11688

11361

11278

11156

11035

- NSE50 - 1 MONTH

5,690.65

5728

5766

5822

5672

5635

5578

5522

ACC LTD

999.75

1007

1014

1025

996

989

978

967

ADANI ENTERPRISE

750.40

760

769

784

745

736

721

706

ADITYA BIRLA NUVO

954.90

972

989

1018

944

927

898

870

AMBUJA CEMENTS

131.40

133

135

138

131

129

126

124

ANDHRA BANK

138.45

140

141

143

138

137

135

133

ASHOK LEYLAND

52.85

53

54

55

53

52

51

51

ASIAN PAINTS

3,113.95

3137

3159

3181

3114

3092

3069

3047

AXIS BANK

1,337.25

1354

1370

1400

1324

1307

1277

1247

BAJAJ AUTO

1,446.40

1458

1469

1483

1445

1433

1420

1407

BANK OF BARODA

913.70

921

929

941

909

902

890

878

BANK OF INDIA

403.30

415

427

436

406

394

385

376

BHARAT ELEC

1,738.80

1744

1749

1754

1738

1733

1728

1723

342.70

347

351

356

342

338

333

328

BHARAT PETROLEUM

671.30

676

681

686

671

666

661

656

BHARTI AIRTEL

432.65

444

455

473

427

415

398

381

1,998.85

2016

2034

2063

1987

1970

1941

1912

BIOCON

369.00

373

378

385

366

362

354

347

CAIRN INDIA

327.75

331

334

338

328

324

321

317

CANARA BANK

524.70

528

531

535

524

521

517

513

CIPLA LTD

316.95

322

327

330

318

313

310

307

COLGATE PALMOLIV

982.35

990

997

1004

983

975

968

961

CONTAINER CORPOR

1,100.00

1124

1149

1165

1108

1084

1068

1052

CORPORATION BANK

518.45

523

528

531

520

516

513

510

CROMPTON GREAVES

181.70

184

187

189

182

179

177

175

CUMMINS (I)

676.45

684

691

698

677

670

663

656

DLF

243.90

247

251

256

242

239

234

229

1,588.05

1608

1628

1657

1579

1559

1530

1501

458.30

462

466

469

459

455

452

449

2,345.40

2367

2389

2422

2334

2312

2279

2245

GLENMARK PHARM

329.00

335

341

352

324

318

307

296

GMR INFRASTRUCTURE

30.95

31

31

32

31

31

31

30

BHARAT FORGE

BHEL

DR. REDDY'S LABS

FEDERAL BANK
GLAXOSMITHKLINE PHARMA

Pivot Supp 1 Supp 2 Supp 3

Eastern Financiers Ltd

EF Market Times
26th July 2011

Security Name

Close

R1

R2

R3

HCL TECHNOLOGIES

516.60

523

530

541

HDFC BANK

505.20

509

512

518

503

499

494

488

HDFC LTD

708.20

713

719

727

705

700

691

682

1,826.50

1837

1847

1865

1820

1809

1792

1775

HIND PETROLEUM

399.95

403

406

408

401

398

396

394

HIND UNILEVER

331.20

334

336

338

332

329

327

326

HINDALCO INDS

181.00

184

186

190

179

177

172

168

HOUSING DEV & INFRA

157.35

160

162

165

157

155

152

150

1,074.85

1087

1099

1115

1072

1060

1044

1029

IDBI

135.70

137

138

140

135

134

132

130

IDFC

143.60

146

148

151

143

141

138

135

HERO HONDA

ICICI BANK

Pivot Supp 1 Supp 2 Supp 3

512

506

495

484

IFCI LTD

46.65

47

47

48

47

46

46

45

INDIABULLS REAL ESTATE

115.90

118

120

123

115

113

110

108

INDIAN HOTELS

78.00

78

79

79

78

77

77

76

INDIAN OVERSEAS BANK

145.30

146

147

149

145

144

143

141

ITC LTD

205.40

207

209

212

205

203

201

199

JAIPRAKASH ASSOC

76.45

78

79

80

76

75

73

72

JINDAL STEEL POW

632.40

639

645

654

630

624

615

607

JSW STEEL

870.20

875

880

885

869

865

859

854

KOTAK MAHINDRA BANK

486.80

491

496

503

484

480

472

465

LARSEN & TOUBRO

1,852.35

1868

1883

1908

1843

1828

1803

1778

LIC HOUSING FIN

218.75

222

225

230

218

214

210

205

LUPIN LABS

457.65

462

466

471

457

453

447

442

MAHINDRA & MAHIN

748.30

761

773

793

741

729

709

689

1,181.25

1193

1205

1224

1173

1162

1142

1122

MPHASIS

439.35

447

454

461

440

432

425

418

MRPL

83.20

85

87

89

83

81

79

76

MUNDRA PORT & SEZ

158.95

161

163

165

160

157

156

154

NTPC

183.65

185

187

189

183

182

180

178

MARUTI SUZUKI

ONGC CORPN

279.90

282

285

287

280

277

275

272

2,157.55

2175

2192

2210

2157

2140

2123

2105

PATNI COMPUTER SYSTEMS

321.65

336

349

364

321

307

293

278

POWER FINANCE CORP

211.65

214

217

220

211

209

205

202

POWER GRID CORP OF INDIA

108.50

110

111

112

108

107

106

105

PUNJ LLOYD

76.40

77

78

79

76

75

74

73

ORACLE FINANCIAL SERVICES SOFTWARE

Eastern Financiers Ltd

EF Market Times
26th July 2011

Security Name
PUNJAB NATIONAL BANK

Close

R1

R2

R3

1,197.00

1210

1223

1246

Pivot Supp 1 Supp 2 Supp 3

1187

1174

1151

1128

RANBAXY LABS

543.75

549

555

561

542

537

530

524

RELIANCE CAPITAL

600.80

606

610

616

600

595

589

583

RELIANCE COMMUNICATIONS

107.75

113

118

128

103

98

89

79

RELIANCE INDS

882.85

890

898

903

885

877

872

866

RELIANCE INFRASTRUCTURE

589.35

598

606

616

588

579

569

559

RELIANCE POWER

117.10

119

120

122

116

115

113

111

SESA GOA

281.25

286

291

294

283

278

274

271

SIEMENS LTD

944.35

953

961

975

939

931

917

903

STATE BANK

2,512.70

2534

2556

2587

2503

2482

2451

2420

STEEL AUTHORITY

133.95

135

137

139

133

132

130

128

STERLITE INDS (I)

172.80

174

176

178

172

170

168

166

SUN PHARMACEUTIC

525.65

534

542

555

521

513

500

487

SUZLON ENERGY
SYNDICATE BANK
TATA MOTORS

54.55
123.90
1,006.40

56
125
1017

58
126
1027

60
128
1041

54
124
1002

53
122
992

51
121
977

49
120
962

TATA POWER COMP

1,314.25

1326

1338

1358

1306

1294

1274

1255

591.25

598

604

614

588

582

572

563

1,139.90

1148

1157

1169

1136

1127

1115

1102

TECH MAHINDRA

772.10

786

800

820

766

752

732

712

TORRENT POWER

248.50

254

259

267

246

241

233

225

UNION BANK

304.90

311

317

321

306

300

296

291

UNITED PHOSPHOROUS

154.70

157

160

162

155

152

150

148

1,036.70

1050

1063

1081

1032

1019

1001

983

WIPRO LTD

410.15

414

418

424

408

404

398

392

ZEE ENTERTAINMENT ENTERPRISES

133.95

136

138

140

134

132

130

128

TATA STEEL
TCS

UNITED SPIRITS

Eastern Financiers Ltd

EF Market Times
26th July 2011

EASTERN FINANCIERS RESEARCH DESK

Rajesh Agarwal Head of Research

033 4011 7811 [email protected]

Nandita Jaiswal- Sr. Research Analyst

033 4011 7800 [email protected]

Biswarup Chakraborty- Research Analyst

033 4011 7800 [email protected]

Disclaimer
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meant for our clients only and is not for public distribution. This material is for the personal information of the authorized
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solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The
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