Market beeps 07-01-2011

-Surana Ventures listing today

-Reliance Infrastructure promotors to hike stake 48% by converting warrants issued to them in July 09

-JSW Steel plans to increase cocking coal imports form Australia and USA by as much as 40% to raise its production by the next fiscal year

-Omnitech is looking at raising around Rs:67cr through QIP over the next 6months

-Eicher Motors plans to start its own branded sales and service outlets in India

-Schlumberger the American oilfield service provider has ventured in a contract with ONGC to drill India's first shale gas in Damodar vally

-PFC's Rs:7000cr FPO is likly to open around May 15

-Promotors of Unitech infuse Rs:380cr by increasing their stake to 48.6% upon conversion of warrants into equity

-GMDC to select and announce a partner for its Rs:14000cr aluminum projct in Kutch

-JSL Stainless in the process of allotting shares worth about USd 4.7million upon the conversion of FCCB's

-Tata steel and its Australian joint venture partner Riversdale mining is acquiring full ownership of the USD 1 billion Benga power project in Mozambique

-Advanta board proposes rights issue , CCPSs and warrants where in both rights equity shares and CCPSs collectively aggregates up to Rs:510cr

-Atul Auto board approved the draft letter of offer for the proposed right issue of equity shares

-Nagarjuna Construction board meet on Jan 10 to approve Amalgamation of Kisan Limited and kakinada Fertilizers Limited and nagarjuna and Chemicals Limited and Nagarjuna Oil refinery Limited

-Tata Elxsi signs MoU with squared Ent for a new Children's Entertainment Global Joint Venture

-Balaji Distilleries :ex scheme of arrangement (between Balaji Distilleries Limited,Chennai Breweries Private Limited,and United spirits lmited)

-Tulsi Extrusion :Bonus 1:10

-Avigo Capital parters looks to sell its 40% stake in spykar for Rs:80cr which puts the valuation of the company at around Rs:200cr

Weekly Report 01-01-2011

The Capital markets in India bid farewell to 2010 on a happy note. Overall, the last trading week of the year was pretty good, with the key indices posting solid gains. However, the advance came on low volumes, casting some doubts on the strength of the rally going forward. The start next week may be rangebound and choppy due to the New Year hangover. A few global markets may also remain shut for extended holiday.But, the week will not be completely devoid of events. We will get the PMI data for both manufacturing as well as services from across the globe. Among the other important statistics to look for will be the monthly US jobs report, FOMC minutes, US factory orders, auto sales (India, US, Japan and China), USweekly jobless claims and Eurozone GDP data.One should wait for a clear trend to emerge before taking a market-wide call early on in the new year. Keep an eye on the trend in FII fund flows and of course the overseas markets. Going forward in January, investors and traders will look forward to the latest quarterly earnings and the RBI's quarterly review. One should also keep an eye on the political developments ahead of the Budget session.

Bullish Stocks for 2011

1. Reliance Industries

2. Axis Bank

3. Coromandel International

4. Bharti Airtel

5. Shree Renuka Sugar

6. Power Grid

7. JP Infratech

8. Sterlite Industries

9. Binani Industries

10. BHEL

Once again a Very Happy New Year.

We wish you a great year ahead.

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Disclaimer:-This report has been prepared solely for information purposes. Neither the author nor his firm accepts any liability arising out of use of the above information/ article.