US economic data releases for the week 6th Dec 2010 to 10th Dec 2010
Monday
Treasury STRIPS
Tuesday
Consumer Credit
ICSC-Goldman Store Sales
Wednesday
Quarterly Services Survey
EIA Petroleum Status
Thursday
Jobless Claims
Wholesale Trade
Friday
International Trade
Import and Export Prices
Consumer Sentiment
Treasury Budget
Source: www.sharetipsinfo.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Monday, December 6, 2010
Punjab & Sind Bank, L&T Finance IPOs likely next week
Initial public offerings of state-owned Punjab & Sind Bank and L&T Finance - non-banking finance company and a subsidiary of engineering and construction major L&T - are likely to be launched next week, reports CNBC-TV18.
Punjab & Sind Bank proposes to enter the capital markets with an initial public offering (IPO) of 4 crore equity shares. The issue comprises a net issue to the public of 3.8 crore equity shares and a reservation of 20 lakh equity shares for subscription by eligible employees. The issue shall constitute 17.93% of the post-issue share capital of the bank.
The objects of the issue are 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, GoI holds 100% stake in the bank, which will be reduced to 82.07% post issue.
SBI Capital Markets Limited, Enam Securities Pvt Ltd and ICICI Securities Limited are the book running lead managers to the issue.
As per draft prospectus, L&T Finance is coming out with an IPO of Rs 1500 crore.
It is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services. It is registered with the RBI as an NBFC-ND-SI, and has applied for registration as a CIC.
Earlier in an interview with CNBC-TV18, AM Naik, CMD of L&T said parametres for a banking licence is expected by March 2011. Naik reitereated that the L&T Finance has been structured to become a potential bank and added that its IPO should come out by January.
L&T Finance intends to utilise issue proceeds for augmenting the capital base of L&T Finance and L&T Infra, to meet the capital adequacy requirements to support the future growth in their business.
JM Financial Consultants Private Limited, Citigroup Global Markets India Private Limited and HSBC Securities and Capital Markets (India) Private Limited are joint global coordinators and book running lead managers to the issue. Barclays Securities (India) Private Limited and Credit Suisse Securities (India) Private Limited were other book running lead managers. Equirus Capital Private Limited is the co-book running lead manager.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Punjab & Sind Bank proposes to enter the capital markets with an initial public offering (IPO) of 4 crore equity shares. The issue comprises a net issue to the public of 3.8 crore equity shares and a reservation of 20 lakh equity shares for subscription by eligible employees. The issue shall constitute 17.93% of the post-issue share capital of the bank.
The objects of the issue are 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, GoI holds 100% stake in the bank, which will be reduced to 82.07% post issue.
SBI Capital Markets Limited, Enam Securities Pvt Ltd and ICICI Securities Limited are the book running lead managers to the issue.
As per draft prospectus, L&T Finance is coming out with an IPO of Rs 1500 crore.
It is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services. It is registered with the RBI as an NBFC-ND-SI, and has applied for registration as a CIC.
Earlier in an interview with CNBC-TV18, AM Naik, CMD of L&T said parametres for a banking licence is expected by March 2011. Naik reitereated that the L&T Finance has been structured to become a potential bank and added that its IPO should come out by January.
L&T Finance intends to utilise issue proceeds for augmenting the capital base of L&T Finance and L&T Infra, to meet the capital adequacy requirements to support the future growth in their business.
JM Financial Consultants Private Limited, Citigroup Global Markets India Private Limited and HSBC Securities and Capital Markets (India) Private Limited are joint global coordinators and book running lead managers to the issue. Barclays Securities (India) Private Limited and Credit Suisse Securities (India) Private Limited were other book running lead managers. Equirus Capital Private Limited is the co-book running lead manager.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Stocks pick for the week given on 4th Dec 2010 - Disclaimer Post Applies
Stocks view for the week given on 4th December 2010
Note: To get a larger view, please click on the image.
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Markets Today - 06/12/2010 - Disclaimer Post Applies
Nifty December future is trading at a premium of ~9 point with spot. More of call writing than put at higher levels indicates some weakness at current levels as Nifty is not able to sustain above 6,050 levels. Also on account of call concentration and major put writing at 6,000 we expect this level to act as a stiff resistance as well as support and above that 6,100. The downside however is limited to 5,900 on account of more put concentration than call and below that 5,800 (put concentration).
Option Analysis:
· Call writing: Major writing was witnessed at out-of-money strikes and shedding at in-the-money strikes. Major writing was seen between 6,300 CE and 6,000 CE where the total outstanding open interest added was 17.8 lakh shares. Major concentration is observed at 6,000 strike price of 70 lakh shares.
· Put Writing: On the other hand, major put writing was witnessed between 6,100 PE and 6,000 PE where the total outstanding open interest added was 10.8 lakh shares. Concentration is seen at 5,800 PE of 68.8 lakh shares.
Implications: More of call writing than put at higher levels indicates some weakness at current levels as Nifty is not able to sustain above 6,050 levels. Also on account of call concentration and major put writing at 6,000 we expect this level to act as a stiff resistance as well as support and above that 6,100. The downside however is limited to 5,900 on account of more put concentration than call and below that 5,800 (put concentration).
India VIX (Inverse relationship between Nifty and Indian VIX)
· Volatility for 4th December, 2010 close at 19.3 which is 4% higher as compared to previous close, after touching an intraday high of 19.37 and low of 17.46.
Put Call Ratio across Active Strike Price – December Series
KRC Daily F&O Research
Ø SHIPPING
1) SCI added maximum in open interest by 40%. GESHIP added 6% in open interest.
2) MLL and GTOFFSHORE shed 2% and 1.4% respectively.
Ø AUTOMOBILES
1) ESCORTS added maximum in open interest by 18.5%. ASHOKLEY and TATAMOTORS added 8% and 4.4% in open interest.
2) MARUTI and M&M shed 2.3% and 1.9% respectively in open interest.
Ø INFRASTRUCTURE
1) DLF, IVRCLINFRA and IBREALEST added in open interest by 7.9%, 6% and 5% respectively.
2) UNITECH, ORBITCORP and IRB shed 4.6%, 4% and 3.8% respectively.
Ø METALS
1) JSWSTEEL, JINDALSAW, SESAGOA and STER shed 5.6%, 2.8%, 2.5% and 2% respectively in open interest.
2) GMDCLTD added 2.5% in open interest.
Ø MEDIA
1) SUNTV, DISHTV and ZEEL shed in open interest by 8.5%, 3.2% and 2.4% respectively.
2) DCHL added 1.5% in open interest.
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
1) SCI added maximum in open interest by 40%. GESHIP added 6% in open interest.
2) MLL and GTOFFSHORE shed 2% and 1.4% respectively.
Ø AUTOMOBILES
1) ESCORTS added maximum in open interest by 18.5%. ASHOKLEY and TATAMOTORS added 8% and 4.4% in open interest.
2) MARUTI and M&M shed 2.3% and 1.9% respectively in open interest.
Ø INFRASTRUCTURE
1) DLF, IVRCLINFRA and IBREALEST added in open interest by 7.9%, 6% and 5% respectively.
2) UNITECH, ORBITCORP and IRB shed 4.6%, 4% and 3.8% respectively.
Ø METALS
1) JSWSTEEL, JINDALSAW, SESAGOA and STER shed 5.6%, 2.8%, 2.5% and 2% respectively in open interest.
2) GMDCLTD added 2.5% in open interest.
Ø MEDIA
1) SUNTV, DISHTV and ZEEL shed in open interest by 8.5%, 3.2% and 2.4% respectively.
2) DCHL added 1.5% in open interest.
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Singapore ranks top for property investments: Survey
Singapore and Shanghai rank top among Asian cities as the best real estate investment destinations, while Osaka and Manila are seen as the least ideal, an industry survey showed on Monday.
Singapore topped the rankings on the country's strong economic growth and brisk activity in the financial and high-tech industries, according to the survey jointly published by the global non-profit Urban Land Institute and PricewaterhouseCoopers.
Shanghai, Mumbai and Hong Kong were the next favourites, according to the study, which is based on the responses of more than 280 property professionals, including investors, developers, property company executives and brokers.
Shanghai dropped to second, from first in the previous annual survey, as the city saw sharp increases in property prices, damping some investor interest.
Even though the survey was carried out before Hong Kong announced its harshest tightening measures to cool its red-hot residential market a few weeks ago, it would not have affected the final standings, executives involved in the survey said.
"It's a concern and certainly affects residential developers, but I don't think it will change the rankings," Stephen Blank, senior fellow at the Urban Land Institute, told Reuters after a news conference. "Residential doesn't drive the market."
"It's a concern and certainly affects residential developers, but I don't think it will change the rankings," Stephen Blank, senior fellow at the Urban Land Institute, told Reuters after a news conference. "Residential doesn't drive the market."
Blank said it was possible that Asian governments would unveil more policies to cool their markets, but the strength of the economies would be the fundamental driver for investment decisions, especially in the commercial real estate sector.
"There is a great feeling of uncertainty because it is very hard to know what the potential changes in regulations are going to be," Blank said. "Regulations come and go. In Asia, governments turn things on and turn things off very quickly."
Based on the survey that looked at 20 Asian cities, investors are least keen on investing in Bangkok, Auckland, Osaka and Manila due to factors, such as office space oversupply and stagnant commercial rents.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Singapore topped the rankings on the country's strong economic growth and brisk activity in the financial and high-tech industries, according to the survey jointly published by the global non-profit Urban Land Institute and PricewaterhouseCoopers.
Shanghai, Mumbai and Hong Kong were the next favourites, according to the study, which is based on the responses of more than 280 property professionals, including investors, developers, property company executives and brokers.
Shanghai dropped to second, from first in the previous annual survey, as the city saw sharp increases in property prices, damping some investor interest.
Even though the survey was carried out before Hong Kong announced its harshest tightening measures to cool its red-hot residential market a few weeks ago, it would not have affected the final standings, executives involved in the survey said.
"It's a concern and certainly affects residential developers, but I don't think it will change the rankings," Stephen Blank, senior fellow at the Urban Land Institute, told Reuters after a news conference. "Residential doesn't drive the market."
"It's a concern and certainly affects residential developers, but I don't think it will change the rankings," Stephen Blank, senior fellow at the Urban Land Institute, told Reuters after a news conference. "Residential doesn't drive the market."
Blank said it was possible that Asian governments would unveil more policies to cool their markets, but the strength of the economies would be the fundamental driver for investment decisions, especially in the commercial real estate sector.
"There is a great feeling of uncertainty because it is very hard to know what the potential changes in regulations are going to be," Blank said. "Regulations come and go. In Asia, governments turn things on and turn things off very quickly."
Based on the survey that looked at 20 Asian cities, investors are least keen on investing in Bangkok, Auckland, Osaka and Manila due to factors, such as office space oversupply and stagnant commercial rents.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
A2Z Maintenance & Engineering Ser. Ltd. IPO Details
A2Z Maintenance & Engineering Ser. Ltd.
BRLM: IDFC Cap. Ltd./ BofA Merrill Lynch/ ENAM Sec. Pvt. Ltd./ ICICI Sec. Ltd./ SBICAP
Co-BRLM: YES Bank Ltd.
Syndicate Member: Sharekhan Limited/ SBICAP Sec. Ltd.
Issue Period: December 08– December 10, 2010
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: Fresh Issue of [.] equity shares of Face Value Rs.10 each aggregating Rs.6750.00 million by the company and an offer for sale of 45,56,193 equity shares of Rs.10 each.
Employee Reservation: 1,00,000 Equity Shares
QIB Book: (50% of Net issue size)
Retail Book: (35% of Net issue size)
HNI Book: (15% of Net issue size)
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
BRLM: IDFC Cap. Ltd./ BofA Merrill Lynch/ ENAM Sec. Pvt. Ltd./ ICICI Sec. Ltd./ SBICAP
Co-BRLM: YES Bank Ltd.
Syndicate Member: Sharekhan Limited/ SBICAP Sec. Ltd.
Issue Period: December 08– December 10, 2010
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: Fresh Issue of [.] equity shares of Face Value Rs.10 each aggregating Rs.6750.00 million by the company and an offer for sale of 45,56,193 equity shares of Rs.10 each.
Employee Reservation: 1,00,000 Equity Shares
QIB Book: (50% of Net issue size)
Retail Book: (35% of Net issue size)
HNI Book: (15% of Net issue size)
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
FINAL SUBSCRIPTION FIGURE For The Shipping Corporation of India Limited FPO
The Shipping Corporation of India Limited FPO
No. of Applications: 3,19,000
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
No. of Applications: 3,19,000Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Saturday, December 4, 2010
KRC - Technical Calls for the week
Short Term Trading Ideas for the week
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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