MARKET OUTLOOK 30-1-2010

US Markets closed negative.
Europe markets also ended red.
Asian markets are trading lower.
Expect Indian Markets to open weak.
Nifty: (5409) Support 5353 and Resistance 5447-5477.

INTRADAY BEEPS

BUY BANK BARODA TARGET 750 SL 725;
BUY ORIENT BANK TARGET 390 SL 373 ;
BUY IFCI TARGET 66 SL 60;
BUY GODEREJ IND TARGET 200 SL 187;
BUY VENKYS TARGET 640 SL 680;
BUY ARVIND TARGET 37 SL 33;
BUY PRATIBA TARGET 435 SL 420;
BUY GSPL TARGET 115 SL 104;

STOCK BEEPS


-KEC International in race to buy US-Based SAE Towers
-Citigroup Venture Cap Unit may exit from KS Oil
-Lanco Infra bags 1980 MW plant order from Maha Genco
-Ashok Leyland to acquire 26% stake in UK's Optare for USD 7.5 million
-PFC Categorized as 'Infrastructure Finance Company'
-Kalpataru Power Board approves Stock Split in ratio of 5:1
-Central Bank Board approves Rights Issue
-DLF plans to raise Rs 2500 croer in the next 15-18 months through
divestment of non core assets
-Results Today: ABB, BPCL, Reliance Power, RNRL, Reliance Infrastructure, SCI, Indian Hotels, Aditya Birla Nuvo, BGR Energy, DB Corp, Edelweiss Capital, Gujarat Alkalies, Himatsingka Seide, HCC,India Infoline, Mirc Electronics, Max India, Raymond, REI Agro,Karnataka Bank, KEC Intl, Torrent Pharma, Tata Chemicals


RESULT UPDATE

-Hero Honda Q1 Net profit at Rs 492 cr vs Rs 500 cr (YoY)
-ONGC Q1 Net profit at Rs 3,661 cr vs Rs 4,848 cr (YoY)
-Siemens Q3 PAT at Rs 156 cr vs Rs 200 cr ((Down 22% YoY))
-Petronet LNG Q1 net profit at Rs 111 cr vs Rs 103 cr
-Federal Bank Q1 PAT at Rs 131.8 cr vs Rs 136.3 cr ((YOY))
-GSPL Q1 Net profit at Rs 105.1 cr vs Rs 107.9 cr (QoQ)
-Everest Industries Q1 PAT at Rs 15.5cr vs Rs 9.44 cr ((YoY))
-Bank Of Maharashtra Q1 Net profit at Rs 118.4 cr vs Rs 101.8 cr (YoY)
-Puravankara Q1 net profit at Rs 36.7 cr vs Rs 10.2 cr (YoY)
-Omaxe Q1 net profit at Rs 21.7 cr vs Rs 15 cr (YoY)
-Central Bank Q1 Net profit at Rs 337 cr vs Rs 267 cr (YoY)
-Berger Paints Q1 Net profit at Rs 37 cr vs Rs 28.4 cr (YoY)
-Arvind Q1 Net profit at Rs 19 cr vs Rs 9.2 cr (YoY)
-Bata Q2 Net profit at Rs 25.9 cr vs Rs 18.4 cr (YoY)
-National Fertilizer Q1 PAT at Rs 17.7 cr vs Rs 23.8 cr ((YoY))
-LLoyd Steel Q1 Loss of Rs 77 cr vs Rs 14.5 cr ((YoY))
-Kalpataru Power Q1 PAT at Rs 36.8 cr vs Rs 32 cr ((YoY))
-GHCL Q1 PAT at Rs 43 cr vs Rs 35.cr ((YoY))
-Golden Tabacoo loss at Rs 25 cr vs PAT Rs 0.03Cr