State Bank Of India has informed the Exchange that the Executive Committee of the Central Board of the Bank, in its meeting on December 30, 2010, has accorded approval for raising the capital for an aggregate amount of Rs.10,000 crore by way of Public Issue of Subordinated Bonds (Lower Tier II Bonds) during the remaining period of FY 2010-11 and in FY 2011-12, in different tranches and also for raising of Rs.1,000 crore with a green shoe option to retain Rs.1,000 crore, along with an option to retain any amount of oversubscription under the Retail Category beyond Rs.2000 crore but up to the rated amount of Rs.10,000 crores, in the first tranche.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Friday, December 31, 2010
Govt to slap 60% sugar import tax from Jan 1
India will slap a 60% import tax on sugar from January 1, a government source said on Friday.
India, the world's top consumer of sugar, had dropped 60% import tax in early 2009 to overcome an acute domestic supply shortage, triggered by the worst drought in four decades.
"The duty free notification lapses on December 31 and from January 1 it automatically reverts back to the old duty structure," the source told reporters.
India, the world's top consumer of sugar, had dropped 60% import tax in early 2009 to overcome an acute domestic supply shortage, triggered by the worst drought in four decades.
"The duty free notification lapses on December 31 and from January 1 it automatically reverts back to the old duty structure," the source told reporters.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Gold posts 30% gain in 2010, largest in 3 years
Gold has gained nearly 30 percent in 2010, based on Friday's fixing, marking its strongest annual performance since 2007 and its fifth straight monthly rise in December.
The spot price fixed at $1,410.25 an ounce on Friday morning, compared with $1,405.50 an ounce at the previous fixing on Thursday afternoon.
Based on the fixings, gold has risen by 29.7 percent this year, compared with a 28.7 percent increase in the freely traded spot price, the largest annual rise since 2007, when the global financial crisis unfolded.
Meanwhile, silver prices nosedived by Rs 200 to Rs 46,500 per kg in the last trading session of the 2010 calendar year today on reduced demand from industrial units and coin-makers.
Its more expensive cousin, gold, also shed Rs 100 to Rs 20,890 per ten grams amid a fall in demand at existing higher levels and the approaching end of the marriage season.
Marketmen said reduced offtake by stockists and jewellers due to a fall in demand at existing higher levels mainly pulled down bullion prices.
On the domestic front, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 100 each to Rs 20,890 and Rs 20,770 per ten grams, respectively. However, the price of gold sovereigns held steady at Rs 16,875 per piece of eight grams.
In line with the general weakening trend, silver ready dropped by Rs 200 to Rs 46,500 per kg. It had climbed to all- time high of Rs 46,700 yesterday. In addition, silver weekly-based delivery lost Rs 140 to Rs 46,125 per kg.
However, silver coin prices remained stable at Rs 50,000 for buying and Rs 50,100 for selling of 100 pieces.
Source: www.economictimes.indiatimes.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
The spot price fixed at $1,410.25 an ounce on Friday morning, compared with $1,405.50 an ounce at the previous fixing on Thursday afternoon.
Based on the fixings, gold has risen by 29.7 percent this year, compared with a 28.7 percent increase in the freely traded spot price, the largest annual rise since 2007, when the global financial crisis unfolded.
Meanwhile, silver prices nosedived by Rs 200 to Rs 46,500 per kg in the last trading session of the 2010 calendar year today on reduced demand from industrial units and coin-makers.
Its more expensive cousin, gold, also shed Rs 100 to Rs 20,890 per ten grams amid a fall in demand at existing higher levels and the approaching end of the marriage season.
Marketmen said reduced offtake by stockists and jewellers due to a fall in demand at existing higher levels mainly pulled down bullion prices.
On the domestic front, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 100 each to Rs 20,890 and Rs 20,770 per ten grams, respectively. However, the price of gold sovereigns held steady at Rs 16,875 per piece of eight grams.
In line with the general weakening trend, silver ready dropped by Rs 200 to Rs 46,500 per kg. It had climbed to all- time high of Rs 46,700 yesterday. In addition, silver weekly-based delivery lost Rs 140 to Rs 46,125 per kg.
However, silver coin prices remained stable at Rs 50,000 for buying and Rs 50,100 for selling of 100 pieces.
Source: www.economictimes.indiatimes.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Wish you a wonderful & a prosperous 2011 !
Dear All,
It has been wonderful working hand in hand with all of you! Let's not only celebrate, but also repent & start afresh this 2011 !
Never a day that I wish I could turn back the time and change certain things in my life be it with clients, colleagues, friends, family or loved ones. But, what’s done is done! You don’t look back, you move forward and you hope for the best.
To me it ain't about how hard you hit. It's about how hard you can get hit and keep moving forward.
So cry a little, laugh a lot. :-) Have an amazing 2011 !!
Thursday, December 30, 2010
BSL FTP - Series CK (368 days)
BSL FTP - Series CK (368 Days)
NFO Subscription Period : 30th December 2010 to 6th January 2011
Indicative Date of Allotment : 7th January 2011
Duration : 368 Days from the Date of Allotment
Indicative Date of Maturity : 9th January 2012
Minimum Appl Amount : Rs.5,000/- & in multiples of Rs. 10/- thereafter
Indicative Asset Allocation : Debt Securities and Money Market Instruments - 100%
Benchmark : CRISIL Short Term Bond Fund Index
Fund Manager : Kaustubh Gupta
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
NFO Subscription Period : 30th December 2010 to 6th January 2011
Indicative Date of Allotment : 7th January 2011
Duration : 368 Days from the Date of Allotment
Indicative Date of Maturity : 9th January 2012
Minimum Appl Amount : Rs.5,000/- & in multiples of Rs. 10/- thereafter
Indicative Asset Allocation : Debt Securities and Money Market Instruments - 100%
Benchmark : CRISIL Short Term Bond Fund Index
Fund Manager : Kaustubh Gupta
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Wednesday, December 29, 2010
Weekly Call - Disclaimer Post Applies
Buy: Delta Corp @ 105 Tgt 120 SL: 100
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Silver hits new high at Rs 46,200/kg, gold up on global cues
Silver hit a new peak at Rs 46,200 per kg in the national capital today on brisk buying by stockists and jewellers, triggered by a firm trend in global markets. Gold also rose by Rs 165 to Rs 20,955 per 10 grams on local buying support for the ongoing marriage season.
Silver prices spurted by Rs 1,200 to Rs 46,200 per kg on firming global cues, amid a strong demand from industrial units.
Trading sentiments for gold turned bullish as it rose the most in a month in global markets, after the dollar's retreat boosted demand for the precious metal as an alternative investment.
The gold in global markets, which normally sets the price trend at the domestic front, surged by USD 22.10 to USD 1406.20 an ounce.
Gold of 99.9 and 99.5 per cent purity jumped up by Rs 165 each to Rs 20,955 and Rs 20,835 per 10 grams, respectively. Similarly, sovereign rose by Rs 50 to set a new peak of Rs 16,850 per piece of eight grams.
Silver ready rose by Rs 1,200 at the new record of Rs 46,200 per kg and weekly-based delivery by Rs 1270 to Rs 45,800 per kg. Silver coins also shot up by Rs 300 to the record level of Rs 49,700 for buying and Rs 49,800 for selling of 100 pieces.
Source: www.economictimes.indiatimes.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Silver prices spurted by Rs 1,200 to Rs 46,200 per kg on firming global cues, amid a strong demand from industrial units.
Trading sentiments for gold turned bullish as it rose the most in a month in global markets, after the dollar's retreat boosted demand for the precious metal as an alternative investment.
The gold in global markets, which normally sets the price trend at the domestic front, surged by USD 22.10 to USD 1406.20 an ounce.
Gold of 99.9 and 99.5 per cent purity jumped up by Rs 165 each to Rs 20,955 and Rs 20,835 per 10 grams, respectively. Similarly, sovereign rose by Rs 50 to set a new peak of Rs 16,850 per piece of eight grams.
Silver ready rose by Rs 1,200 at the new record of Rs 46,200 per kg and weekly-based delivery by Rs 1270 to Rs 45,800 per kg. Silver coins also shot up by Rs 300 to the record level of Rs 49,700 for buying and Rs 49,800 for selling of 100 pieces.
Source: www.economictimes.indiatimes.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
SAIL FPO in Jan, ONGC in March, IOC deferred: Finmin
Drawing up a roadmap for disinvestment during the last quarter of this fiscal, the government today said it would dilute its stake in SAIL in January, followed by Power Finance Corporation (PFC) and oil major ONGC in March.
"The new year would start with the stake sale of SAIL in January. We would do (disinvestment) in ONGC in March. PFC would also come this fiscal," a finance ministry official told PTI.
The official said the follow-on public offer of Indian Oil Corporation has been deferred to next fiscal.
IOC had last month appointed six merchant bankers for the sale of 10 per cent equity shares in the FPO that its Chairman BM Bansal said was planned for 3rd or 4th week of January.
"We can't have disinvestment of two large companies (ONGC and IOC) from the same sector simultaneously," the official added.
The government has also decided to defer the disinvestment of Rs 4,000 crore Hindustan Copper FPO till next financial year. Its disinvestment was earlier expected to take place this month.
"We have not taken any decision on Hindustan Copper disinvestment now. It would come next fiscal," the official said, adding the government plans to divest its stake in Rashtriya Ispat Nigam Limited also in the next fiscal.
The Cabinet, on December 1, approved sale of government's 5 per cent stake in ONGC, the nation's highest profit-earning firm, to raise up to Rs 13,000 crore.
Post offer, the government shareholding in ONGC would come down to 69.14 per cent from the current 74.14 per cent.
The government plans for disinvestment of SAIL in two phases.
In the first phase, besides raising Rs 4,000 crore by divesting its 5 per cent stake in the steel giant, SAIL would raise fresh equity of the same proportion.
In the second phase, another 10 per cent stake sale would be undertaken by SAIL through the FPO route.
Presently, the government holds a stake of a little over 85 per cent in SAIL and post-FPO its equity in the company is expected to go down to about 69 per cent.
For Power Finance Corporation, the Power Ministry has proposed a disinvestment of five per cent of the Centre's stake in the public sector finance institution, as well as the issue of 15 per cent fresh equity, through the FPO route.
Aiming to raise Rs 40,000 crore through disinvestment in the current fiscal, the government has mopped up over Rs 22,000 crore by diluting its stake in six companies-Satluj Jal Vidyut Nigam, Engineers India , Coal India , Power Grid, Manganese Ore India Ltd and Shipping Corporation.
The amount mopped up from from SAIL, ONGC and PFC could help the government to reach the Rs 40,000 crore target.
"We would reach close to the target of Rs 40,000 crore in the current fiscal. Besides, disinvestment in three companies, we would get some money from SAIL dividend," the official added.
Source: www.economictimes.indiatimes.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
"The new year would start with the stake sale of SAIL in January. We would do (disinvestment) in ONGC in March. PFC would also come this fiscal," a finance ministry official told PTI.
The official said the follow-on public offer of Indian Oil Corporation has been deferred to next fiscal.
IOC had last month appointed six merchant bankers for the sale of 10 per cent equity shares in the FPO that its Chairman BM Bansal said was planned for 3rd or 4th week of January.
"We can't have disinvestment of two large companies (ONGC and IOC) from the same sector simultaneously," the official added.
The government has also decided to defer the disinvestment of Rs 4,000 crore Hindustan Copper FPO till next financial year. Its disinvestment was earlier expected to take place this month.
"We have not taken any decision on Hindustan Copper disinvestment now. It would come next fiscal," the official said, adding the government plans to divest its stake in Rashtriya Ispat Nigam Limited also in the next fiscal.
The Cabinet, on December 1, approved sale of government's 5 per cent stake in ONGC, the nation's highest profit-earning firm, to raise up to Rs 13,000 crore.
Post offer, the government shareholding in ONGC would come down to 69.14 per cent from the current 74.14 per cent.
The government plans for disinvestment of SAIL in two phases.
In the first phase, besides raising Rs 4,000 crore by divesting its 5 per cent stake in the steel giant, SAIL would raise fresh equity of the same proportion.
In the second phase, another 10 per cent stake sale would be undertaken by SAIL through the FPO route.
Presently, the government holds a stake of a little over 85 per cent in SAIL and post-FPO its equity in the company is expected to go down to about 69 per cent.
For Power Finance Corporation, the Power Ministry has proposed a disinvestment of five per cent of the Centre's stake in the public sector finance institution, as well as the issue of 15 per cent fresh equity, through the FPO route.
Aiming to raise Rs 40,000 crore through disinvestment in the current fiscal, the government has mopped up over Rs 22,000 crore by diluting its stake in six companies-Satluj Jal Vidyut Nigam, Engineers India , Coal India , Power Grid, Manganese Ore India Ltd and Shipping Corporation.
The amount mopped up from from SAIL, ONGC and PFC could help the government to reach the Rs 40,000 crore target.
"We would reach close to the target of Rs 40,000 crore in the current fiscal. Besides, disinvestment in three companies, we would get some money from SAIL dividend," the official added.
Source: www.economictimes.indiatimes.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Punjab and Sind Bank to list shares on Dec 30, 2010
State-owned Punjab and Sind Bank will list its equity shares, which issued recently via public issue, on exchanges on December 30, 2010. It has fixed issue price at higher end of price band of Rs 113-120 a share.
The bank raised nearly Rs 480 crore through IPO, which was subscribed 50.75 times. Reserved portion of QIBs subscribed 49.80 times. Non-institutional and retail investors' portion subscribed 85.84 times and 44.45 times, respectively. The employee portion subscribed 1.61 times.
The 4 crore equity shares' IPO was opened for subscription during December 13-16.
The object of the issue was to augment capital base to meet the future capital requirements arising out of the growth in assets due to the growth of the Indian economy.
President of India, acting through the Ministry of Finance, Government of India, holds 82.07 stake in the bank post issue.
The bank raised nearly Rs 480 crore through IPO, which was subscribed 50.75 times. Reserved portion of QIBs subscribed 49.80 times. Non-institutional and retail investors' portion subscribed 85.84 times and 44.45 times, respectively. The employee portion subscribed 1.61 times.
The 4 crore equity shares' IPO was opened for subscription during December 13-16.
The object of the issue was to augment capital base to meet the future capital requirements arising out of the growth in assets due to the growth of the Indian economy.
President of India, acting through the Ministry of Finance, Government of India, holds 82.07 stake in the bank post issue.
Tuesday, December 28, 2010
Trading Calls for 29/12/2010 - Disclaimer Post Applies
Trading Calls for 29/12/2010
1. Ashok Ley Buy @ 61.45 Tgt: 64 SL: 61
2. Bartronics Buy Abv 92 Tgt: 96 SL: 87
3. Ajanta Pharma Buy @209.75 Tgt:216/225 SL:205
4. Bajaj Fin Serv Buy @472.94 Tgt:480/495 SL:468.9
5. Bhartiya International Ltd Buy @77.95 Tgt:81/85 SL:75.95
6. DCM Ltd Buy @92.65 Tgt:97/108 SL:89.65
7. Dredge Corp(Operator Stock) Buy @422.1 Tgt:435/460 SL:419
8. Gic Housing Finance Buy Above 121.5 Tgt:126/132 SL:119 (Closing Basis)
9. Jindal Cotex Buy @ 121.85; Tgt:125/130 SL:120
10. JSL Stainless Buy Above 110.5 Tgt:113/117 SL:108.5
11. Manappuram Buy @152.65 Tgt:160/165 SL:146
1. Ashok Ley Buy @ 61.45 Tgt: 64 SL: 61
2. Bartronics Buy Abv 92 Tgt: 96 SL: 87
3. Ajanta Pharma Buy @209.75 Tgt:216/225 SL:205
4. Bajaj Fin Serv Buy @472.94 Tgt:480/495 SL:468.9
5. Bhartiya International Ltd Buy @77.95 Tgt:81/85 SL:75.95
6. DCM Ltd Buy @92.65 Tgt:97/108 SL:89.65
7. Dredge Corp(Operator Stock) Buy @422.1 Tgt:435/460 SL:419
8. Gic Housing Finance Buy Above 121.5 Tgt:126/132 SL:119 (Closing Basis)
9. Jindal Cotex Buy @ 121.85; Tgt:125/130 SL:120
10. JSL Stainless Buy Above 110.5 Tgt:113/117 SL:108.5
11. Manappuram Buy @152.65 Tgt:160/165 SL:146
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Bank of Baroda - 1Month Pick
Dear All,
RSI, MACD & Stochastic oscillator are all showing bullish trends for Bank of Baroda. If Bank of Baroda can sustain its upside momentum till 918 – 920 then we could see levels of 950 and then 1000 very soon.
We believe at traders and investors can take long positions in this stock at 890 with a stop loss placed at 860 for a target of 950 and then 1000.
- Buy Price: 890
- Target: 950 /1000
- Possible Gain on target completion: 7%/12%
- SL: 860
- Possible Loss on SL trigger: 3%
Monday, December 27, 2010
Markets Today - 27/12/2010 - Disclaimer Post Applies
Gain ~198 points in December series: This was consecutive second series where market was quite volatile where Nifty tested 5,750 and closed with gain of 198 points to 5,998.1. However, we expect December expiry to settle between 5,800 to 6,000 on back of call and put concentration.
Rollover– Positive Rollover cost of ~29bps in December series : Nifty Rollovers have been low on the T-3 of expiry with ~29% rolled over to the January series compared to the 3 month average of 30.1%. Roll cost stands the at 29 bps. Current open positions in the Nifty stands at 28.4 million shares (5.7 lakhs contract) which is lower by 4.2% (3-month average) and 17.2% (6-month average). In value terms, Nifty open interest positions stands at Rs 171 billion which is lower by 3.2% to Rs 176 billion for similar T-3 in November expiry. Market wide futures OI positions stands at 749 million shares, which is 19.7% lower than the (OI of 933 million shares) D-3 of November expiry. Market wide rolls is 30% which is at lower compared to D-3 of last expiry (41%).
India VIX (Inverse relationship between Nifty and Indian VIX)
· Volatility for 24th December, 2010 close at 18.5 which is 4.5% higher as compared to previous close, after touching an intraday high of 18.7 and low of 17.1
Implications: For last 3-4 months, Indian VIX is trading near to its support. So, We expect volatility to increase going forward which will lead some correction in market because it has inverse correlations.
Dividend Declaration under HDFC Mutual Fund
HDFC Mutual Fund has approved the declaration of dividend under dividend option of HDFC FMP 100D September 2010(1) and HDFC FMP 100D September 2010(2). The quantum of declaration will be 100 per cent of the distributable surplus as available under the plan(s) on the record date.
The record date is December 28, 2010.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
The record date is December 28, 2010.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
ICICI Prudential Mutual Fund Announces Dividend
ICICI Prudential Mutual Fund has approved the declaration of dividend under the dividend option following schemes.
The record date is December 28, 2010.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Change of Fund Managers under IDFC Mutual Fund
IDFC Mutual fund has announced that with effect from December 23, 2010, there will be a change in fund management responsibilities under following schemes:
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
ING Mutual Fund Declares Dividend
ING Mutual Fund has approved the declaration of dividend under quarterly dividend option of ING Treasury Advantage, ING Income and ING MIP Fund.
The quantum of declaration will be 1.36 per cent, 0.47 per cent and 0.37 per cent respectively. The record date is December 29, 2010.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
The quantum of declaration will be 1.36 per cent, 0.47 per cent and 0.37 per cent respectively. The record date is December 29, 2010.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
SBI Mutual Fund launches SBI Debt Fund Series - 90 Days - 37
SBI Mutual Fund has announced launch of SBI Debt Fund Series - 90 Days - 37. The New Fund Offer (NFO) will open for subscription on December 28, 2010 and will close on the same day. The minimum investment in the scheme would be Rs 5,000 in multiples of Rs 10. It would offer Growth and Dividend option.
The scheme would be listed in NSE.
Source: www.valueresearchonline.com
The scheme would be listed in NSE.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DFENIP Consultants Pvt Ltd
Bharti AXA Mutual Fund Declares Dividend
Bharti AXA Mutual Fund has approved the declaration of dividend under quarterly dividend option of Bharti AXA Short Term Income Fund (Regular Plan) and Bharti AXA Regular Return Fund (Eco and Regular).
The quantum of declaration will be 1.55 per cent for Bharti AXA Short Term Income Fund (Regular Plan) and 1.30 per cent for Bharti AXA Regular Return Fund (Eco and Regular Plan). The record date is December 29, 2010.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
The quantum of declaration will be 1.55 per cent for Bharti AXA Short Term Income Fund (Regular Plan) and 1.30 per cent for Bharti AXA Regular Return Fund (Eco and Regular Plan). The record date is December 29, 2010.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Dividend Declaration under IDFC-FMP- 15 M Series-3
IDFC Mutual fund has approved the declaration of dividend under dividend option of IDFC-FMP- Fifteen Months Series-3. The quantum of declaration will be entire appreciation in NAV until record date.
The record date is December 27, 2010.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
The record date is December 27, 2010.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Change in Exit Load under IDFC Money Manager- Investment Plan
IDFC Mutual Fund has announced a revision in exit load under IDFC Money Manager Fund-Investment Plan A, Plan B and Plan F, with effect from December 27, 2010.
Now exit load for above mentioned schemes will be 0.50 per cent if redeemed within 3 months from the date of allotment. Earlier the exit load used to be Nil.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Now exit load for above mentioned schemes will be 0.50 per cent if redeemed within 3 months from the date of allotment. Earlier the exit load used to be Nil.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
DSP BlackRock Mutual Fund Declares Dividend
DSP BlackRock Mutual Fund has declared dividend under dividend option of following schemes.
The record date is December 28, 2010.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
The record date is December 28, 2010.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
C Mahendra Exports Ltd IPO Details
C Mahendra Exports Ltd.
BRLM: Yes Bank Limited/ Anand Rathi Advisors Ltd
Issue Period: December 31, 2010– January 06, 2011
Price Band: Advertised @ least 2 working days prior to Issue Opening Date
Lot Size: Advertised @ least 2 working days prior to Issue Opening Date
Registrar: Link Intime
Retail Appl Limit: Rs.2,00,000/-
Issue size: 1,50,00,000 Equity Shares of Face value of Rs.10/- each
QIB Book: 75,00,000 Equity Shares (50% of Net issue size)
Retail Book: 52,50,000 Equity Shares (35% of Net issue size)
HNI Book: 22,50,000 Equity Shares (15% of Net issue size)
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
BRLM: Yes Bank Limited/ Anand Rathi Advisors Ltd
Issue Period: December 31, 2010– January 06, 2011
Price Band: Advertised @ least 2 working days prior to Issue Opening Date
Lot Size: Advertised @ least 2 working days prior to Issue Opening Date
Registrar: Link Intime
Retail Appl Limit: Rs.2,00,000/-
Issue size: 1,50,00,000 Equity Shares of Face value of Rs.10/- each
QIB Book: 75,00,000 Equity Shares (50% of Net issue size)
Retail Book: 52,50,000 Equity Shares (35% of Net issue size)
HNI Book: 22,50,000 Equity Shares (15% of Net issue size)
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Important US Economic Data Releases for the Week 27th December to 31st December, 2010
Tuesday:
Consumer Confidence
State Steel Investor Confidence Index
Wednesday:
EIA Petroleum Status Report
Thursday:
Jobless Claims
Chicago PMI
Pending Home Sales Index
EIA Natural Gas Index
Money Supply
Fed Balance Sheet
Source: http://sharetipsinfo.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Consumer Confidence
State Steel Investor Confidence Index
Wednesday:
EIA Petroleum Status Report
Thursday:
Jobless Claims
Chicago PMI
Pending Home Sales Index
EIA Natural Gas Index
Money Supply
Fed Balance Sheet
Source: http://sharetipsinfo.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Net FII Purchases & Sales During the Week 20th December to 24th December, 2010
FII Purchases/ Sales (Figures in Crore)
Sales:
20/12/2010: -133.5
21/12/2010: -32.6
23/12/2010: -23.7
Purchases:
22/12/2010: 224.6
** Net Purchases of FII During the Week Rs. 34.8 Crore.
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Sales:
20/12/2010: -133.5
21/12/2010: -32.6
23/12/2010: -23.7
Purchases:
22/12/2010: 224.6
** Net Purchases of FII During the Week Rs. 34.8 Crore.
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Sectoral Performance During Week 20th December to 24th December, 2010
Major Sectoral Gainers:
Major Gainers in Nifty:
Major Losers in Nifty:
Major Gainers in Nifty:
Major Losers in Nifty:
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Saturday, December 25, 2010
DENIP recruits 3 interns from SIES Management College - Nerul.
We take immense pleasure in informing you all that DENIP Consultants have recruited 3 intens from SIES Managment College - Nerul. The interns name and their role is given below:
1. Ankit Wani – Business Development.
2. Monindro Saha – Business Development.
3. Abhishek Padukone – Business Development.
We wish them all the best for the opportunity and are sure they will do well in their tenure with DENIP.
The staff of the college was very helpful especially Ms. Ira Kumar. It was great experience overall. We appreciate the hospitality offered to us by the college.
Thanks,
Nimesh Marfatia
1. Ankit Wani – Business Development.
2. Monindro Saha – Business Development.
3. Abhishek Padukone – Business Development.
We wish them all the best for the opportunity and are sure they will do well in their tenure with DENIP.
The staff of the college was very helpful especially Ms. Ira Kumar. It was great experience overall. We appreciate the hospitality offered to us by the college.
Thanks,
Nimesh Marfatia
Friday, December 24, 2010
Trading Calls for 24/12/2010 - Disclaimer Post Applies
Trading Calls for 24/12/2010
1. Buy: Aarti Drugs @ 142.35 Tgt 146/150 SL: 140
2. Buy: ABB @ 803 Tgt: 818/828 SL: 791
3. Buy: Aventis Pharma Abv 1850 Tgt: 1875/1900 Sl: 1840
4. Buy: CPIL @ 387.70 Tgt: 405/415 SL: 382
5. Buy: Divis Lab @ 628.50 Tgt: 640/650 SL: 622
1. Buy: Aarti Drugs @ 142.35 Tgt 146/150 SL: 140
2. Buy: ABB @ 803 Tgt: 818/828 SL: 791
3. Buy: Aventis Pharma Abv 1850 Tgt: 1875/1900 Sl: 1840
4. Buy: CPIL @ 387.70 Tgt: 405/415 SL: 382
5. Buy: Divis Lab @ 628.50 Tgt: 640/650 SL: 622
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Thursday, December 23, 2010
Markets Today - 23/12/2010 - Disclaimer Post Applies
In today trading sessions, open interest decline along with price decline and premium constant indicates long unwinding. However, current momentum in the market can take market to 6050-6080 than we may see a selling pressure. Positive momentum views are on back of following points: a) Current month PCR expanded to 1.38 from 1.19,b) call shedding at 6,000 and fresh writing at 6,100, c) huge put writing at lower levels and d) futures quoting at premium. This was consecutive fifth trading sessions where put shedding was less call shedding on overall basis. In last 5 trading sessions, 5,900 and 6,000 PE added open interest of 37 lacs and 20 lacs shares which implies that market will take strong support for intermediate time and December series and 6,100 to act as resistance because it added ~23 lacs shares in following period. However, We still maintain our view that December expiry to settle between 5,800 to 6,000.
India VIX (Inverse relationship between Nifty and Indian VIX)
· Volatility for 23rd December, 2010 close at 19.0 which is 2,7% lower as compared to previous close, after touching an intraday high of 19.8 and low of 18.8
Implications: For last 3-4 months, Indian VIX is trading near to its support. So, We expect volatility to increase going forward which will lead some correction in market because it has inverse correlations
Ravi Kumar Distilleries to list shares on Dec 27
Ravi Kumar Distilleries will be listing its equity shares on December 27, 2010. It has raised Rs 73.60 crore through IPO of 1.15 crore equity shares at higher end of price band of Rs 56-65 a share.
The issue was opened for subscription during December 8-10 and was subscribed 2.22 times.
Ravi Kumar is engaged in the business of manufacturing Indian made foreign liquor (IMFL) under its own brand portfolio as well as under tie-up arrangements with other companies. The IMFL comprises of whisky, brandy, rum, gin & vodka.
Proceeds from the issue will be used for expansion in unit by increase in existing capacity and installation of re-distillation plant; partly financing the marketing and corporate branding expenses; partly financing incremental working capital requirements and for general corporate expenses.
Source: http://www.moneycontrol.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
The issue was opened for subscription during December 8-10 and was subscribed 2.22 times.
Ravi Kumar is engaged in the business of manufacturing Indian made foreign liquor (IMFL) under its own brand portfolio as well as under tie-up arrangements with other companies. The IMFL comprises of whisky, brandy, rum, gin & vodka.
Proceeds from the issue will be used for expansion in unit by increase in existing capacity and installation of re-distillation plant; partly financing the marketing and corporate branding expenses; partly financing incremental working capital requirements and for general corporate expenses.
Source: http://www.moneycontrol.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Idea gives 3G network order to Nokia Siemens
Idea Cellular said on Wednesday it has commissioned Nokia Siemens Network (NSN) to build and manage its 3G network in four telecom zones and supply equipment.
Under the contract, NSN will deploy its base stations, provide network implementation, project management, care and maintenance services, and give support to the operator in managing its 3G network.
Idea did not disclose the financial details of the deal.
Idea spent USD 1.3 billion this year to acquire 3G wireless radio spectrum in 11 of India's 22 telecoms zones, and has earlier said it would spend USD 675 million over the next 12 to 15 months to rollout the premium services.
Source: http://www.moneycontrol.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Under the contract, NSN will deploy its base stations, provide network implementation, project management, care and maintenance services, and give support to the operator in managing its 3G network.
Idea did not disclose the financial details of the deal.
Idea spent USD 1.3 billion this year to acquire 3G wireless radio spectrum in 11 of India's 22 telecoms zones, and has earlier said it would spend USD 675 million over the next 12 to 15 months to rollout the premium services.
Source: http://www.moneycontrol.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Oil rises to $93.59, its highest since October, 2008
Oil prices rose on Wednesday to their highest over the past two years supported by data showing a drop in U.S. oil and gasoline inventories, cold weather and a weaker dollar.
ICE Brent crude rose 42 cents to $93.59, its highest since October 2008. U.S. crude for February climbed 42 cents to $90.24 a barrel by 0915 GMT, only the second time since 2008 it climbed above $90.
With two days to go until Christmas Eve risk markets have ignited the afterburner, reinforcing one more time the all-pervasive mantra throughout 2010.
American Petroleum Institute data released late on Tuesday in the U.S. showed a large 5.8 million barrel decline in weekly crude stocks, surpassing analyst expectations.
Big drops in crude oil and gasoline inventories in the API data pushed the oil market to the up. But buying interest around this level, around $90 a barrel, is not so large.
API data also showed an unexpected 2.9 million barrel fall in gasoline inventories.
The U.S. Energy Information Service will release its inventory data at 1530 GMT on Wednesday.
Oil prices were also supported by chilly weather in northern Europe and the United States, which has increased heating fuel demand. U.S. heating oil demand was expected to average 4.6% above normal this week.
Thin trading volumes lent further support to oil prices. Ahead of the long Christmas holiday, there are relatively fewer participants. Therefore, it is possible to extend gains through the night on thin volumes the market is not that bullish.
Looking beyond the New Year, it expected strong Chinese demand to continue supporting prices.
We have a strong suspicion that upside surprises and the resultant global demand upgrades have not yet run their full course.
Indeed, the persistence of strong growth and further upward revisions to Chinese oil demand could drag long-term oil demand another leg higher.
The U.S. dollar fell to a two-month low against the Swiss franc on Wednesday and was 0.26% down versus a basket of currencies.
A weaker greenback supports dollar-denominated commodities such as oil, making it cheaper for those holding other currencies.
ICE Brent crude rose 42 cents to $93.59, its highest since October 2008. U.S. crude for February climbed 42 cents to $90.24 a barrel by 0915 GMT, only the second time since 2008 it climbed above $90.
With two days to go until Christmas Eve risk markets have ignited the afterburner, reinforcing one more time the all-pervasive mantra throughout 2010.
American Petroleum Institute data released late on Tuesday in the U.S. showed a large 5.8 million barrel decline in weekly crude stocks, surpassing analyst expectations.
Big drops in crude oil and gasoline inventories in the API data pushed the oil market to the up. But buying interest around this level, around $90 a barrel, is not so large.
API data also showed an unexpected 2.9 million barrel fall in gasoline inventories.
The U.S. Energy Information Service will release its inventory data at 1530 GMT on Wednesday.
Oil prices were also supported by chilly weather in northern Europe and the United States, which has increased heating fuel demand. U.S. heating oil demand was expected to average 4.6% above normal this week.
Thin trading volumes lent further support to oil prices. Ahead of the long Christmas holiday, there are relatively fewer participants. Therefore, it is possible to extend gains through the night on thin volumes the market is not that bullish.
Looking beyond the New Year, it expected strong Chinese demand to continue supporting prices.
We have a strong suspicion that upside surprises and the resultant global demand upgrades have not yet run their full course.
Indeed, the persistence of strong growth and further upward revisions to Chinese oil demand could drag long-term oil demand another leg higher.
The U.S. dollar fell to a two-month low against the Swiss franc on Wednesday and was 0.26% down versus a basket of currencies.
A weaker greenback supports dollar-denominated commodities such as oil, making it cheaper for those holding other currencies.
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Trading Calls for 23/12/2010 - Disclaimer Post Applies
Trading Calls for 23/12/2010
1. Buy: Dr Reddy @ 1676 Tgt 1720 SL: 1650
2. Buy: Kesoram Ind @ 245 Tgt 260 SL: 240
3. Short: Lakshmi Vilas Bank @ 116.75 Tgt 113 Sl: 122
4. Short: CUB @ 50.15 Tgt 49 SL: 51.50
5. Buy: Max India @ 137.10 Tgt 144 Sl: 135
6. Buy: Neyveli Lignite @ 131.65 Tgt 140 Sl: 128
7. Buy: NHPC @ 28.20 Tgt: 29 SL: 27.50
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
1. Buy: Dr Reddy @ 1676 Tgt 1720 SL: 1650
2. Buy: Kesoram Ind @ 245 Tgt 260 SL: 240
3. Short: Lakshmi Vilas Bank @ 116.75 Tgt 113 Sl: 122
4. Short: CUB @ 50.15 Tgt 49 SL: 51.50
5. Buy: Max India @ 137.10 Tgt 144 Sl: 135
6. Buy: Neyveli Lignite @ 131.65 Tgt 140 Sl: 128
7. Buy: NHPC @ 28.20 Tgt: 29 SL: 27.50
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Wednesday, December 22, 2010
Shekawati Poly Yarn Ltd IPO details
IPO details of Shekawati Poly Yarn Ltd
Lead Manager: Hem Securities Ltd
Issue Opens Date : 27.12.10 Issue Closes on : 29.12.10
Issue Rate: Rs 30/-
Bid Lot: 200 Shares & in Multiple
Lead Manager to the Issue :- Hem Securities Ltd
Registrar: Sharex Dynamic ( India ) Pvt Ltd
Lead Manager: Hem Securities Ltd
Issue Opens Date : 27.12.10 Issue Closes on : 29.12.10
Issue Rate: Rs 30/-
Bid Lot: 200 Shares & in Multiple
Lead Manager to the Issue :- Hem Securities Ltd
Registrar: Sharex Dynamic ( India ) Pvt Ltd
Thanks,
Gaurav agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Markets Today - 22/12/2010 - Disclaimer Post Applies
In today trading sessions, open interest decline with reduction of premium today indicates long unwinding. However, we believe positive momentum to be there in the market on back of a) Current month PCR expanded to 1.36 from 1.19,b) call shedding at 6,000 and fresh writing at 6,100, c) huge put writing at lower levels and d) futures quoting at premium. This was consecutive fourth trading sessions where put writing was more than call writing on overall basis. In last 4 trading sessions, 5,900 and 6,000 PE added open interest of 32 lacs and 17 lacs shares which implies that market will take strong support for intermediate time and December series and 6,100 to act as resistance because it added ~21 lacs shares in following period. However, We still maintain our view that December expiry to settle between 5,800 to 6,000.
India VIX (Inverse relationship between Nifty and Indian VIX)
· Volatility for 22nd December, 2010 close at 19.6 which is 1.1% lower as compared to previous close, after touching an intraday high of 20.1 and low of 18.7
Implications: For last 3-4 months, Indian VIX is trading near to its support. So, We expect volatility to increase going forward which will lead some correction in market because it has inverse correlations.
Listing of A2Z Maintenance & Engineering Ser. Ltd. IPO
Equity Shares of A2Z Maintenance & Engineering Ser. Ltd. IPO will be listing on NSE & BSE for trading from Thursday, December 23rd, 2010.
The issue price of A2Z Maintenance & Engineering Ser. Ltd. IPO is Rs. 400/- per equity share.
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
The issue price of A2Z Maintenance & Engineering Ser. Ltd. IPO is Rs. 400/- per equity share.
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Tuesday, December 21, 2010
Markets Today - 21/12/2010 - Disclaimer Post Applies
Positive move of today’s trading sessions can be viewed as positive and momentum to be continue on back of a) Current month PCR expanded to 1.36 from 1.28,b) call shedding at 6,000 and fresh writing at 6,100, c) huge put writing at lower levels and d) futures quoting at premium. This was consecutive third trading sessions where put writing was more than call writing on overall basis. In last 3 trading sessions, 5,900 PE added open interest of 28 lacs shares which implies that market will take strong support for intermediate time and 6,100 to act as resistance because it added ~13 lacs shares in following period. However, We still maintain our view that December expiry to settle between 5,800 to 6,000.
India VIX (Inverse relationship between Nifty and Indian VIX)
· Volatility for 21st December, 2010 close at 19.8 which is 4.9% lower as compared to previous close, after touching an intraday high of 20.8 and low of 18.9
Implications: For last 3-4 months, Indian VIX is trading near to its support. So, We expect volatility to increase going forward which will lead some correction in market because it has inverse correlations.
Monday, December 20, 2010
Trading Calls for 21/12/2010 - Disclaimer Post Applies
Trading Calls for 21/12/2010
2. Buy : FSL @ 22.10 Tgt: 23 SL: 21.60
DENIP Consultants Pvt Ltd
1. Buy : Aegis Logistics @ 328 Tgt: 337 SL: 323
2. Buy : FSL @ 22.10 Tgt: 23 SL: 21.60
3. Buy: IFCI @ 62.35 Tgt: 64/65.30 SL: 61.80
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Markets Today - 20/12/2010 - Disclaimer Post Applies
In trading sessions, fresh built-up of short positions was observed at higher levels. Short positions built-up was reflected by increase in open interest with decline of premium amount from ~Rs 18 to ~Rs12. Coming to options data, the most active strike prices was between 5,800 to 6,000. 6,000 CE added highest open interest of 5.6 lakhs and 5,900 PE added open interest of ~9 lakhs shares. We believe market would be trading in a narrow range of 5,900 to 6,000. Any large moments can be expected if markets breaks these two levels with volume. However, We expect December expiry to settle between 5,800 to 6,000. The options strategy to be adopted by an traders would be short strangle by selling 5,800 PE and 6,000 CE and wait till expiry.
India VIX (Inverse relationship between Nifty and Indian VIX)
· Volatility for 20th December, 2010 close at 20.8 which is 2.7% higher as compared to previous close, after touching an intraday high of 21.9 and low of 20.2
Implications: For last 3-4 months, Indian VIX is trading near to its support. So, We expect volatility to increase going forward which will lead some correction in market because it has inverse correlations.
Important US Economic Data Releases for the Week 20th December to 24th December, 2010
Tuesday:
ICSC - Goldman Store Sales
Wednesday:
GDP
Corporate Profit
Existing Home Sales
FHFA Housing Price Index
EIA Petroleum Status
Thursday:
Durable goods Orders
Personal Income and Outlays
Jobless Claims
Consumer Sentiment
New Home Sales
Fed Balance Sheet
Money Supply
EIA Natural Gas Report
Source: http://sharetipsinfo.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
ICSC - Goldman Store Sales
Wednesday:
GDP
Corporate Profit
Existing Home Sales
FHFA Housing Price Index
EIA Petroleum Status
Thursday:
Durable goods Orders
Personal Income and Outlays
Jobless Claims
Consumer Sentiment
New Home Sales
Fed Balance Sheet
Money Supply
EIA Natural Gas Report
Source: http://sharetipsinfo.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Net FII Purchases & Sales During the Week 13th December to 17th December, 2010
FII Purchases/ Sales (Figures in Crore)
Sales:
13/12/2010: -966.2
14/12/2010: -237.5
Purchases:
15/12/2010: 94.3
** Net Sales of FII during the week Rs. 1109.4 Crore.
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Sales:
13/12/2010: -966.2
14/12/2010: -237.5
Purchases:
15/12/2010: 94.3
** Net Sales of FII during the week Rs. 1109.4 Crore.
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Trend in Global Market During Week 13th December to 17th December, 2010
US Stock Market:
DJI: 0.77%
NASDAQ: 0.02%
S&P 500: 0.18%
NYSE COMPOSITE: 0.21%
European Stock Markets:
FTSE 100: 1.28%
CAC 40: 0.57%
Asian Markets:
NIKKEI 225: 0.97%
HANG SENG: -2.13%
SSE COMPOSITE: 2.01%
SENSEX: 1.82%
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
DJI: 0.77%
NASDAQ: 0.02%
S&P 500: 0.18%
NYSE COMPOSITE: 0.21%
European Stock Markets:
FTSE 100: 1.28%
CAC 40: 0.57%
Asian Markets:
NIKKEI 225: 0.97%
HANG SENG: -2.13%
SSE COMPOSITE: 2.01%
SENSEX: 1.82%
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Sectoral Performance During Week 13th December to 17th December, 2010
Major Sectoral Gainers:
CONSUMER DURABLE: 2.41%
CAPITAL GOODS: 1.85%
HEALTH CARE: 0.92%
IT: 5.04%
METAL: 3.93%
OIL & GAS: 2.39%
POWER: 1.97%
PSU: 1.75%
REALTY: 1.08%
Major Sectoral Losers:
AUTO: -0.31%
BANKEX: -34.50%
Major Gainers in Nifty:
TATA MOTORS: 7.97%
TATA STEEL: 6.69%
SAIL: 6.67%
Major Losers in Nifty:
M&M: -6.13%
HERO HONDA: -5.80%
JSPL: -3.76%
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
CONSUMER DURABLE: 2.41%
CAPITAL GOODS: 1.85%
HEALTH CARE: 0.92%
IT: 5.04%
METAL: 3.93%
OIL & GAS: 2.39%
POWER: 1.97%
PSU: 1.75%
REALTY: 1.08%
Major Sectoral Losers:
AUTO: -0.31%
BANKEX: -34.50%
Major Gainers in Nifty:
TATA MOTORS: 7.97%
TATA STEEL: 6.69%
SAIL: 6.67%
Major Losers in Nifty:
M&M: -6.13%
HERO HONDA: -5.80%
JSPL: -3.76%
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Dividend in Fidelity Tax Advantage Fund and Fidelity Wealth Builder Fund
The dividend will be paid to those unit holders, whose names appear on the register of unit holders of the Options as at the close of the business hours on the Record Date. Under the dividend re-investment facility, the dividend declared will be re-invested in the respective dividend option at the applicable Net Asset Value (“NAV”) of the Business Day immediately following the Record Date.
Pursuant to payment of dividend, NAV per unit of the Options will fall to the extent of the payment and statutory levy (if applicable).
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Sunday, December 19, 2010
DENIP recruits 6 interns from ITM College - Vashi.
We take immense pleasure in informing you all that DENIP Consultants have recruited 6 inters from ITM College of Financial Markets - Vashi. The interns name and their role is given below:
1. Rohit Kakati – Team Leader.
2. Vidya Rajgopal – Advisory Services.
3. Mrugen Shah – Advisory Services.
4. Vivek Agarwal – Fundamental Research.
5. Sumeet Chakraborty – Fundamental Research.
6. Neeraj Rajgarhia – Technical Research.
We wish them all the best for the opportunity and are sure they will do well in their tenure with DENIP.
The staff of the college was very helpful especially Ms. Romita Choudhary & Mr. Anupam Sinha. It was great experience overall. We appreciate the hospitality offered to us by the college.
Regards,
Nimesh Marfatia
1. Rohit Kakati – Team Leader.
2. Vidya Rajgopal – Advisory Services.
3. Mrugen Shah – Advisory Services.
4. Vivek Agarwal – Fundamental Research.
5. Sumeet Chakraborty – Fundamental Research.
6. Neeraj Rajgarhia – Technical Research.
We wish them all the best for the opportunity and are sure they will do well in their tenure with DENIP.
The staff of the college was very helpful especially Ms. Romita Choudhary & Mr. Anupam Sinha. It was great experience overall. We appreciate the hospitality offered to us by the college.
Regards,
Nimesh Marfatia
Friday, December 17, 2010
Testimonial by Mr. Rammilan Sonkar for DENIP Investment Academy
Mr. Rammilan SonkarMaharashtra Jal Kshetra Suhdar Prakalp, Facilitator
I was referred to the DENIP Investment Academy by Sunil Ram, a close friend of mine. He realized that I was an enthusiast for Stock markets and had intentions set on becoming a sub-broker in the Indian stock Market. However my knowledge and skill set with regards to the Indian stock market was very weak.
Luckily for me, both Dewang Sir and Nimesh Sir put in some serious hard work and efforts to ensure that I developed a good base for the Indian stock markets and all aspects related to sub-broking. The trainers at DENIP were kind enough to provide me with access to their back office so that I could not only learn what the stock market was with an investors perspective but also from the point of view of a broker.
I spent almost 8 hours everyday at their office with constant interaction with Mr. Gaurav, who is the head dealer at DENIP Consultants who helped me understand the minute details when it came to the dealing desk. His insight about the back office and limit issues also helped me understand the trade off between Client capacity to invest and the limit he is given.
Concepts like investing, trading, hedging, speculating are more clear to me than ever. I sincerely thank both Mr. Nimesh and Mr. Dewang for the efforts they've put in and would love to stay associated with them in the future.
Testimonial by Mr. Sunil Ram for DENIP Investment Academy
Mr. Sunil Ram,Maharashtra Police, Chandrapur.
Being in the Marashtra Police, I, Sunil Ram was always interested in gaining knowledge about investing in the stock market. I had a lot of friends who invested in the stock market since 2008 and made good money from it. However being from Chandrapur, the stories I had heard about the stock market always scared me. The fact that one can end up losing ones own house in the stock market made it sound like a gambling casino rather than anything else.
However for me the turning point came when I passed by Kailash Plaza (Ghatkopar East). On the ground floor, I saw banners of DENIP Investment Academy which offered several training programs with regards to personal finance.
My first meeting was with Mr. Nimesh Marfatia who made me understand the various courses offered by DENIP Investment Academy and I was trained by Mr. Dewang Mehta for two different courses. In the very first session, Dewang sir was kind enough to understand my goals and aspirations and made me understand what personal finance was and how one could plan and reach these goals in a sensible manner.
Today after collecting deep knowledge about Bonds, Mutual Funds, Equity Market Investing, Insurance, Bank FDs etc. I can comfortably say that I can not only help myself grow as a financially stable person but also help others in ensuring their financial stability.
Stock Market no longer seems a place which only makes you lose money. If you invest wisely and do enough research you can earn potentially 20% return consistently from the stock market to say the least. I thank Mr. Dewang Mehta for putting in the efforts to not only stretch beyond the mentioned curriculum but also to provide me with practical training when it came to trading in the stock market.
I sincerely thank Mr. Nimesh Marfatia and Mr. Dewang Mehta at DENIP Investment Academy and now that I have learnt with them, I look forward to earning with them from the Stock Market.
Punjab & Sind Bank IPO subscription figures
Subscription detail
QIB : 49.80
NII : 22.91
RETAIL : 8.38
EMPLOYEE : 1.22
TOTAL : 29.77
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
QIB : 49.80
NII : 22.91
RETAIL : 8.38
EMPLOYEE : 1.22
TOTAL : 29.77
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
ONGC board okays stock split ahead of share sale
The state-run explorer Oil and Natural Gas Corp said on Thursday its board approved a bonus share issue and a stock split, ahead of a planned share offering in March.
ONGC will also pay an interim special dividend of Rs 32 per share, while each equity share worth Rs 10 will be split into two.
The interim dividend and the associated taxes will reduce the company's cash reserves to about Rs 7,000 crore (USD 1.5 bn) from Rs 15,000 crore now, Chairman RS Sharma told reporters.
ONGC's board also on Thursday approved the issue of one bonus share for each held.
The government has approved a 5% stake sale in ONGC that is expected to raise more than USD 3 bn.
Sharma said the company expects to launch the follow-on public offer in the first week of March, while merchant bankers for the same could be finalised in January.
The share sale will be part of a government plan to sell stakes in about 60 state-run firms over the next few years, as India moves to cut a stubbornly high fiscal deficit and garner funds to spend on schemes for the poor.
Sharma reiterated that he expected the government to clarify subsidy mechanisms before the follow-on share sale.
ONGC gives discount on sale of crude oil to state refiners to partially compensate them for revenue losses on fuel sales.
ONGC shares, valued at about USD 63 bn, closed up 0.55% at 1329.Rs 10, in a Mumbai market that ended up about 1%.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
ONGC will also pay an interim special dividend of Rs 32 per share, while each equity share worth Rs 10 will be split into two.
The interim dividend and the associated taxes will reduce the company's cash reserves to about Rs 7,000 crore (USD 1.5 bn) from Rs 15,000 crore now, Chairman RS Sharma told reporters.
ONGC's board also on Thursday approved the issue of one bonus share for each held.
The government has approved a 5% stake sale in ONGC that is expected to raise more than USD 3 bn.
Sharma said the company expects to launch the follow-on public offer in the first week of March, while merchant bankers for the same could be finalised in January.
The share sale will be part of a government plan to sell stakes in about 60 state-run firms over the next few years, as India moves to cut a stubbornly high fiscal deficit and garner funds to spend on schemes for the poor.
Sharma reiterated that he expected the government to clarify subsidy mechanisms before the follow-on share sale.
ONGC gives discount on sale of crude oil to state refiners to partially compensate them for revenue losses on fuel sales.
ONGC shares, valued at about USD 63 bn, closed up 0.55% at 1329.Rs 10, in a Mumbai market that ended up about 1%.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Wednesday, December 15, 2010
Markets Today - 15/12/2010 - Disclaimer Post Applies
In today trading sessions, we have observed winding up of long positions which was reflected in decline in Nifty open interest and premium narrowing down from ~9 to 3. Coming to options data the major activity was taken between 5600 to 6100 strike prices. We expect market to continue its negative trend on back of huge put unwinding at 5,600 strike prices with no fresh writing. Currently, PCR December series is trading at 1.2 and it has declined significantly from 1.45 at beginning of December series. Declining trend of PCR indicates weakness in the market to continue. As, expect market to faced resistance at 6,000 was unable to sustain. However, the wider range for the December series would be 5,700 to 6,100 levels and short term range would be 5,850-6,000. The strategy to be adopted by traders for December series should be Bear Call spread sell 6000 CE and buy 6100 CE in rising market.
India VIX (Inverse relationship between Nifty and Indian VIX)
· Volatility for 15th December, 2010 close at 21.5 which is 0.2% lower as compared to previous close, after touching an intraday high of 22.1 and low of 20.7
Implications: For last 3-4 months, Indian VIX is trading near to its support. So, We expect volatility to increase going forward which will lead some correction in market because it has inverse correlations.
Advanced tax kitty swells in Dec quarter
Corporate India has made high advance tax payment in the quarter ended 30 December, 2010. Oil marketing company (OMC) ONGC has paid an advance tax of Rs 2742 crore in the third quarter of FY11.
Indian Oil has paid advance tax of Rs 100 crore compared to Rs 350 crore quarter-on-quarter.
Other companies advance tax figures:
•BPCL pays Nil Vs Nil (YoY)
•HDFC pays Rs 400 Cr as advance tax
•HUL pays Rs 220 Cr Vs Rs 175 Cr (YoY)
•RIL pays Rs 1,100 Cr Vs Rs 830 Cr (YoY)
•TCS pays Rs 230 Cr Vs Rs 177 Cr (YoY)
•Bajaj Auto pays Rs 370 Cr Vs Rs 310 Cr
•Zee Ent pays Rs 30 Cr Vs Rs 37.5 Cr (YoY)
•Alstom Projects pays Rs 12 Cr Vs Rs 16 Cr (YoY)
•Bennett Coleman pays Rs 165 Cr Vs Rs 65 Cr (YoY)
•SBI pays Rs 1,850 Cr Vs Rs 1,795 Cr (YoY)
•LIC pays Rs 1,070 Cr Vs Rs 980 Cr (YoY
•Marico pays Rs 21 Cr Vs Rs 18 Cr (YoY)
•PNB pays Rs 640 Cr Vs Rs 618 Cr (YoY)
•Bank Of Baroda pays Rs 435 Cr Vs Rs 330 Cr (YoY)
•Bank Of India pays Rs 150 Cr Vs Rs 102 Cr (YoY)
•Central Bank Of India pays Rs 179 Cr Vs Rs 138 Cr (YoY)
•Abbott India pays Rs 7.5 Cr Vs Rs 10.5 Cr (YoY)
•GIC Hsg Fin pays Rs 7.6 Cr Vs Rs 8.17 Cr (YoY)
•Bombay Dyeing pays Rs 85 Lakh Vs Rs 1.25 Cr (YoY)
•Bajaj Electricals pays Nil Vs Rs 6 Cr (YoY)
•Gwalior Chem pays Rs 10 Lakh Vs Rs 10 Cr (YoY)
•Abbott Health pays Nil Vs Rs 2 Cr (YoY)
•Bajaj Electrical pays Rs 21 Cr Vs Rs 17 Cr (YoY)
•BSE pays Rs 10 Cr Vs Rs 20 Cr
•Tata Steel pays Rs 1,000 Cr Vs Rs 650 Cr
•L&T pays Rs 270 Cr; Unchanged From Year Ago
•Hindalco pays Rs 200 Cr Vs Rs 148 Cr (YoY)
•M&M pays Rs 236 Cr Vs Rs 195 Cr
•StanChart pays Rs 325 Cr Vs Rs 480 Cr
•HDFC Bank pays Rs 750 Cr Vs Rs 400 Cr
•ICICI Bank pays Rs 450 Cr Vs Rs 301 Cr (YoY)
•Dena Bankpays Rs 75 Cr Vs Rs 65 Cr (YoY)
•Dena Bankpays Rs 75 Cr Vs Rs 65 Cr (YoY)
•Tata Motors pays Rs 220 Cr Vs Rs 100 Cr (YoY)
•Tata Sons pays Rs 40 Cr Vs Rs 20 Cr (YoY)
•Tata Power pays Rs 58 Cr Vs Rs 81 Cr (YoY)
•Tata Chem pays Rs 58 Cr Vs Rs 40 Cr (YoY)
•UltraTech pays Rs 165 Cr Vs Rs 90 Cr
•GSK Pharma pays Rs 90 Cr Vs Rs 85 Cr (YoY)
•UltraTech pays Rs 165 Cr Vs Rs 90 Cr
•GSK Pharma pays Rs 90 Cr Vs Rs 85 Cr (YoY)
•DBS Bank pays Rs 20 Cr Vs Rs 75 Cr (YoY)
•Deutsche Bank pays Rs 170 Cr Vs Rs 160 Cr (YoY)
•Citi Bank pays Rs 200 Cr Vs Rs 230 Cr (YoY)
•IDBI Bank pays Rs 209 Cr Vs Rs 74 Cr (YoY)
•M&M Financial pays Rs 89 Cr Vs Rs 80 Cr (YoY)
•Kotak Mah Bank pays Rs 87 Cr, Flat On Year
•LIC Housing pays Rs 70 Cr Vs Rs 56 Cr (YoY)
•Pfizer pays Rs 25 Cr Vs Rs 21 Cr (YoY)
•Century Textiles pays Rs 24 Cr (YoY)
•Glenmark Pharma pays Rs 15 Cr (YoY)
•HPCL pays Rs 30 Cr (YoY)
Source: http://www.moneycontrol.com/
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Indian Oil has paid advance tax of Rs 100 crore compared to Rs 350 crore quarter-on-quarter.
Other companies advance tax figures:
•BPCL pays Nil Vs Nil (YoY)
•HDFC pays Rs 400 Cr as advance tax
•HUL pays Rs 220 Cr Vs Rs 175 Cr (YoY)
•RIL pays Rs 1,100 Cr Vs Rs 830 Cr (YoY)
•TCS pays Rs 230 Cr Vs Rs 177 Cr (YoY)
•Bajaj Auto pays Rs 370 Cr Vs Rs 310 Cr
•Zee Ent pays Rs 30 Cr Vs Rs 37.5 Cr (YoY)
•Alstom Projects pays Rs 12 Cr Vs Rs 16 Cr (YoY)
•Bennett Coleman pays Rs 165 Cr Vs Rs 65 Cr (YoY)
•SBI pays Rs 1,850 Cr Vs Rs 1,795 Cr (YoY)
•LIC pays Rs 1,070 Cr Vs Rs 980 Cr (YoY
•Marico pays Rs 21 Cr Vs Rs 18 Cr (YoY)
•PNB pays Rs 640 Cr Vs Rs 618 Cr (YoY)
•Bank Of Baroda pays Rs 435 Cr Vs Rs 330 Cr (YoY)
•Bank Of India pays Rs 150 Cr Vs Rs 102 Cr (YoY)
•Central Bank Of India pays Rs 179 Cr Vs Rs 138 Cr (YoY)
•Abbott India pays Rs 7.5 Cr Vs Rs 10.5 Cr (YoY)
•GIC Hsg Fin pays Rs 7.6 Cr Vs Rs 8.17 Cr (YoY)
•Bombay Dyeing pays Rs 85 Lakh Vs Rs 1.25 Cr (YoY)
•Bajaj Electricals pays Nil Vs Rs 6 Cr (YoY)
•Gwalior Chem pays Rs 10 Lakh Vs Rs 10 Cr (YoY)
•Abbott Health pays Nil Vs Rs 2 Cr (YoY)
•Bajaj Electrical pays Rs 21 Cr Vs Rs 17 Cr (YoY)
•BSE pays Rs 10 Cr Vs Rs 20 Cr
•Tata Steel pays Rs 1,000 Cr Vs Rs 650 Cr
•L&T pays Rs 270 Cr; Unchanged From Year Ago
•Hindalco pays Rs 200 Cr Vs Rs 148 Cr (YoY)
•M&M pays Rs 236 Cr Vs Rs 195 Cr
•StanChart pays Rs 325 Cr Vs Rs 480 Cr
•HDFC Bank pays Rs 750 Cr Vs Rs 400 Cr
•ICICI Bank pays Rs 450 Cr Vs Rs 301 Cr (YoY)
•Dena Bankpays Rs 75 Cr Vs Rs 65 Cr (YoY)
•Dena Bankpays Rs 75 Cr Vs Rs 65 Cr (YoY)
•Tata Motors pays Rs 220 Cr Vs Rs 100 Cr (YoY)
•Tata Sons pays Rs 40 Cr Vs Rs 20 Cr (YoY)
•Tata Power pays Rs 58 Cr Vs Rs 81 Cr (YoY)
•Tata Chem pays Rs 58 Cr Vs Rs 40 Cr (YoY)
•UltraTech pays Rs 165 Cr Vs Rs 90 Cr
•GSK Pharma pays Rs 90 Cr Vs Rs 85 Cr (YoY)
•UltraTech pays Rs 165 Cr Vs Rs 90 Cr
•GSK Pharma pays Rs 90 Cr Vs Rs 85 Cr (YoY)
•DBS Bank pays Rs 20 Cr Vs Rs 75 Cr (YoY)
•Deutsche Bank pays Rs 170 Cr Vs Rs 160 Cr (YoY)
•Citi Bank pays Rs 200 Cr Vs Rs 230 Cr (YoY)
•IDBI Bank pays Rs 209 Cr Vs Rs 74 Cr (YoY)
•M&M Financial pays Rs 89 Cr Vs Rs 80 Cr (YoY)
•Kotak Mah Bank pays Rs 87 Cr, Flat On Year
•LIC Housing pays Rs 70 Cr Vs Rs 56 Cr (YoY)
•Pfizer pays Rs 25 Cr Vs Rs 21 Cr (YoY)
•Century Textiles pays Rs 24 Cr (YoY)
•Glenmark Pharma pays Rs 15 Cr (YoY)
•HPCL pays Rs 30 Cr (YoY)
Source: http://www.moneycontrol.com/
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Tuesday, December 14, 2010
Trading Calls for 15th December 2010 - Disclaimer Post Applies
Buy: Balrampur Chini @ 79.15; Tgt1: 82; Tgt2: 85; SL: 77
Buy: Garden Silks @ 102.20; Tgt1: 105.20; Tgt2: 110; SL: 100
Buy: JSW Steel @ 1166.15; Tgt1: 1216; Tgt2: 1245; SL: 1154.10
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Buy: Central Bank of India @ 182.65; Tgt1: 190; Tgt2: 201; SL: 177.50
Buy: Dena Bank @ 121.50; Tgt1: 125.60; Tgt2: 133; SL: 118
Buy : Financial Tech Abv 910; Tgt1: 935; Tgt2: 950; SL: 885
Buy: Garden Silks @ 102.20; Tgt1: 105.20; Tgt2: 110; SL: 100
Buy: Glaxosmithline @ 2196.40; Tgt1: 2215; Tgt2: 2230; SL: 2182
Buy: Godrej Ind @ 180.85; Tgt1: 188.80; Tgt2: 200; SL: 176.85
Buy: IB Real @ 143.40; Tgt1: 150; Tgt2; 165; SL: 139
Buy: IRB Infra @ 224.70; Tgt1: 240; Tgt2: 254; SL: 213
Buy: JBF Ind @ 188.90; Tgt1: 194; Tgt2: 200; SL: 186
Buy: JSWHL @ 1421.35; Tgt1: 1510; Tgt2: 1700; SL: 1392
Buy: JSW Steel @ 1166.15; Tgt1: 1216; Tgt2: 1245; SL: 1154.10
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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