Stock beeps 29-07-2010

-Mahindra satyam writes to NYSE on merger intent with Tech mahindra
-ABB open offer oversubscribed
-SBI – announces acquisition of State Bank of Indore
-Andhra Cements to consider preferential issue to to HDFC & IDFC on 30 July
-June Infra sector growth at 3.4% versus 6.3% (YoY)
-Central Bank Of India to hike deposit rates by 25-50 bps from August
-Lakshmi Machine board approves buyback up to Rs 2,045/sh
-Results today: HCL Tech, Hero Honda, ONGC, SAIL, Siemens, Aban Offshore, Alok Inds, Apollo Tyres, Arvind, Bank of Maharashtra, BOB,Federal Bank, GHCL, Great Eastern Shipping, Gujarat State Petronet,HDIL, Hexaware Tech, IPCA Labs, Kalpataru Power, Nagarjuna Fertiliser, NHPC, Novartis India, Oriental Bank, Petronet LNG,Ultratech Cement

Ex-Dates
-BASF India : Ex-Dividend @ Rs 8/share
-MMTC : Ex-Bonus 1:1 & Ex-Split 10:1
-SAIL : Ex-Dividend @ Rs 1.7/share
-TCS : Ex-Dividend @ Rs 2/share

RESULT UPDATE

-DLF Q1 Net profit at Rs 411 Cr Vs Rs 426.38 Cr (QoQ)
-Tata Comm Q1 cons ((YOY)) Net loss at Rs 281 Cr vs loss of Rs 55. 1cr
-Trent Q1 Net Profit At Rs 8 Cr Vs Rs 5.1 Cr
-Voltas Q1 Net Profit At Rs 93.2 Cr Vs Rs 78.9 Cr (YoY)
-JSPL Q1 Net Profit At Rs 957 Cr Vs Rs 988.5 Cr (YoY)
-GMDC Q1 PAT at Rs 104.7cr vs Rs 80.1cr ((YoY))
-Essel Propack Q1 PAt at Rs 12.2cr vs Rs 9.4cr ((YoY))
-Neyveli Lignite Q1 PAT at Rs 342cr vs Rs 287cr ((YoY))
-EID Parry Q1 PAT at Rs 7.3cr vs Rs 57.25cr ((YoY))
-EMCO Q1 net loss at Rs 25 crore vs PAT of Rs 8.11cr ((YOY))
-Delta Corp Q1 PAT at Rs 4.3cr vs Rs 2.36cr ((YoY))
-GTL Infra Q1 Net Loss At Rs 19.3 Cr Vs PAT of Rs 18.69cr ((YoY))
-MMTC Q1 PAT at Rs 55.3cr vs Rs 41.2cr ((YoY))

Market outlook 28-07-2010

US Markets closed flat.
Europe markets ended positive.
Asian markets are trading mixed.
Expect Indian Markets to open flat.
Nifty: (5430) Support 5366 and Resistance 5477

INTRADAY BEEPS

BUY BANCO INDIA TARGET 144 SL 131;
BUY JET AIRWAYS TARGET 655 SL 635;
BUY SKUMAR NATION TARGET 89 SL 80;
BUY LIBERTY TARGET 108 SL 97;
BUY PRAJ IND TARGET 83 SL 74;
BUY AEGIS LOGISTICS TARGET 475 SL 455;
BUY TULIP TARGET 199 SL 188;
BUY BOMBAY RAYON TARGET 280 SL 267;


STOCK BEEPS

-ABB to be deleted from MSCI Index w.e.f today
-Oil Secretary says: ONGC Videsh to submit offer for BP Assets in Vietnam
-HCC receives Rs 126.225 crore contract from Hindalco
-Redington to raise the FII ceiling limit and NRIs to 100% from 24%
-SKS Microfinance IPO opens Today
-Emami Infrastructure lists today
-Cummins Inc. raises India sales growth guidance to 49% (versus 41% a quarter earlier)
-Results Today: DLF, JSPL, Sun Pharma, HCL Tech, M&M, Tata Comm, Alfa Laval, Chennai Petroleum, Corporation Bank, EID Parry, Essel Propack,Havells India, Kirloskar Oil, Lakshmi Machine, Lupin, Marico, Merck,MMTC, MRF, Neyveli Lignite, Patni Computer, Sobha Developer, Sun TV
Network, Trent, Voltas

Board Meet

-NRB Nearing: Board Meet for Bonus
-Lakshmi Machine Work: Buy-Back

IPO LISTING:
IPO Listing Detail - Aster Silicates Ltd

Listing Date: Wednesday, July 28, 2010
NSE Symbol: ASTERSILI
Listing In: 'B' Group of Securities
ISIN: INE900K01012
Issue Price: Rs. 118.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share