Market outlook 09-08-2010

US Markets closed weak.
Europe markets ended red.
Asian markets are trading mixed.
Expect Indian Markets to open flat.
Nifty: (5439) Support 5402 and Resistance 5487.

INTRADAY BEEPS

BUY PIDLITE TARGET 152 SL 145;
BUY BPCL TARGET 665 SL 645;
BUY RAYMOND TARGET 250 SL 238;
BUY UB ENGG TARGET 220 SL 210;
BUY MANAPPRAM TARGET 119 SL 110;
BUY MAX INDIA TARGET 170 SL 160;
BUY DEN TARGET 245 SL 233;
BUY ESSAR SHIP TARGET 120 SL 113;
BUY ZEEL TARGET 314 SL 304;
BUY IDFC TARGET 185 SL 179;


STOCK BEEPS

-Results Today - BF Utilities, Britannia Inds, Dalmia Cement,Dwarikesh Sugar, Electrosteel Casting, Finolex Cables, Goodyear India, Hindustan Organic, Jain Irrigation, Opto Circuits, Reliance Capital, Sujana Towers, Tulip Telecom, Monnet Ispat
-SAIL FPO likely by 2nd half of January
-Genus Power Infrastructures Board approves Stock Spilt in ratio of 10:1, Approved Fund raising of USD 50mn
-M&M to bid for majority stake in Ssangyong Motor
-Shipping Corp to consider FPO proposal on August 11
-Indiabulls wins NTC Bharat Mills land property for Rs 1505 crore
-Govt allows ONGC to charge 25% higher for the gas it produces from new fields
-Builders move CCI against cement firms including Grasim, ACC and Gujarat Ambuja alleging price cartel
-Capman Fin open offer at Rs 10.5/share
-ABG Infra set to win rights for coal facility in Tamil Nadu
-Sakthi Finance board approves Rights Issue
-Allied Computers International Approved allotment of equity warrants on preferential basis


Ex-Dates
BEML : Ex-Dividend @ Rs 10/share
Hikal: Ex-Dividend @ Rs 4/share
Mundra Port : Ex-Dividend @ Rs 1.5/share
Trent: Ex-Dividend @ Rs 6.5/share


RESULT UPDATE

-GMR Infra Q1 PAT at Rs 28.44 cr vs Rs 22.53 cr ((YoY))
-KSK Energy Q1 PAT at Rs 80.8 cr vs Rs 47.9 cr ((up 69% YoY))
-Power Grid Q1 Net profit up 29% at Rs 703 cr (YoY)
-Sterling Biotech Q1 PAT at Rs 44.7 cr vs Rs 40.4 cr ((YoY))
-Vikasa Industries Q1 PAT at Rs 20.7 cr vs Rs 25.8 cr ((YoY))
-Goa Carbon Q1 PAT at Rs 1.6 cr vs Loss of Rs 4.8 cr ((YoY))
-Vascon Eng Q1 PAT at Rs 13.9 cr vs Rs 10.5 cr ((YoY))
-Gammon Infra Q1 PAT at Rs 3.2 cr vs Rs 6.1 cr ((YoY))
-Reliance Media World Q1 Net Loss Rs 15 crore
-Reliance MediaWorks Q1 Loss at Rs 53.6 cr vs Rs 63 cr ((YoY))
-ENIL Q1 PAT at Rs 1.06 cr vs Loss of Rs 19.4 cr ((YoY))

BUZIBIZ