16th April 2008 KRC Market Update
11.30 a.m.
Current News
-
HCL Tech: Impact from client budget freeze unlikely to spill over
-
L&T bags Bombay Dyeing order worth Rs 20 bn
-
Aztecsoft surged 13% to Rs 75 after the company reported 44% sequential rise in Jan-Mar net profit to Rs 31.5 mn while revenue rose 8.5% to Rs 687.1 mn
Sector/Company
Nicholas Piramal is currently trading at Rs 330 up 3%
Nicholas Piramal India and Khandelwal Laboratories announced signing of a definitive agreement for purchase of Anafortan and CEFI Brand Groups of K-Lab by NPIL for a total consideration of Rs 1,160 million. As a part of the agreement, K-Lab has agreed to provide NPIL with certain patents’ use and non-compete assurances for Cefixime and Camylofin based drugs. Anafortan and CEFI Groups had Revenues of Rs 491 million and EBIDTA of Rs 207 million for the financial year ended March 2008.
CEFI offers unique therapeutic value to patients; it is marketed in nine dosage forms, including CEFI-XL and CEFI-OD, which are based on extended release and once-a-day drug delivery systems. CEFI Group had Revenues of Rs 262 million for the year ended March 31, 2008. As per ORG-IMS, the Cefixime-based drugs segment is worth Rs 6,246 million and is growing at 25.4% on MAT-FEB-08 basis. Anafortan Group consists of six Camylofin-based formulations in pure and combination forms. Anafortan had Revenues of Rs 229 million for the year ended March, 2008. As per ORG-IMS, Camylofin-based drugs market has grown at 13.5% on MAT-FEB-08 basis.
ZEE Entertainment is currently the top looser in nifty trading at Rs 219.50 down 4.70%
The Advertisement revenue was Rs 246.6 crore for the fourth quarter ended March 31 2008, an increase of 33.4% as compared to the corresponding period last fiscal. For the full year FY2008, advertising revenues went up 32.8% to Rs 934.2 crore. Subscription revenue was Rs 207.1 crore for the fourth quarter ended March 31 2008, an increase of 12% as compared to the corresponding period last fiscal. For the full year FY2008, subscription revenues went up 10.2% to Rs 732.6 crore.The revenues from DTH increased to Rs 18.75 crore for the fourth quarter, from Rs 17.55 crore in the third quarter of the current fiscal.
The Operating profit was Rs 130.28 crore, a growth of 37% compared to corresponding quarter of last fiscal. The operating profit growth has been impacted due to higher programming & marketing costs of newly launched Zee Next.
Finance expenses are Rs 18.4 crore in the fourth quarter and include losses Rs.11.56 crore on account of Forex derivative transaction as against Rs.5.94 crore of losses during corresponding period last fiscal.
|
Index |
Current Value |
Change (Pts) |
Change (%) |
|
SENSEX |
16,345.97 |
192.31 |
1.19 |
|
S&P CNX NIFTY |
4,937.90 |
58.25 |
1.19 |
|
MIDCAP |
6,720.44 |
116.02 |
1.76 |
|
SMLCAP |
8,358.02 |
153.63 |
1.87 |
|
BSE-100 |
8,655.61 |
106.06 |
1.24 |
|
BSE-200 |
2,030.40 |
26.43 |
1.32 |
Technical Analysis
SENSEX (INTRADAY) Time: 11.30AM
Market has broken 1 st support at 16320 (10.45) and then given 1 st intraday low at 16238(which is now intraday support level)
After 1 st considerable intraday low market has given recovery and sustain above 16300 levels.
Market is showing range bound movement upside; consider resistance level at 16380 for further rally.
Market Activity as on 16th April 2008 at 11.30AM
Most Active Calls
|
Instrument Type |
Symbol |
Expiry Date |
Option Type |
Strike Price |
No of Contracts Traded |
Contract Value (Rs. lakhs) |
Last Traded Price |
Open Interest |
|
OPTIDX |
NIFTY |
24-Apr-08 |
CE |
5000 |
19494 |
49179.37 |
45.25 |
3680050 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
CE |
4900 |
15081 |
37616.76 |
91 |
2254750 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
CE |
4800 |
6721 |
16656.22 |
161.1 |
2343000 |
|
OPTIDX |
NIFTY |
29-May-08 |
CE |
5000 |
3829 |
9857.51 |
150 |
475400 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
CE |
5000 |
19494 |
49179.37 |
45.25 |
3680050 |
Most Active Puts
|
Instrument Type |
Symbol |
Expiry Date |
Option Type |
Strike Price |
No of Contracts Traded |
Contract Value (Rs. lakhs) |
Last Traded Price |
Open Interest |
|
OPTIDX |
NIFTY |
24-Apr-08 |
PE |
4900 |
13219 |
32810.29 |
64 |
1973850 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
PE |
4800 |
10603 |
25627.93 |
35.55 |
2765150 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
PE |
5000 |
8366 |
21389.31 |
116 |
902000 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
PE |
4700 |
6851 |
16174.7 |
21 |
3011800 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
PE |
4600 |
3616 |
8339.58 |
13.5 |
1996150 |
Top Gainers
|
Symbol |
Open Price |
High Price |
Low Price |
LTP |
Prev Close |
% Change |
Total trd qty |
|
HCLTECH |
250 |
264.9 |
249.25 |
263 |
245 |
7.35 |
849020 |
|
SATYAMCOMP |
461 |
481.75 |
455 |
481.5 |
451.25 |
6.7 |
1844067 |
|
INFOSYSTCH |
1525 |
1615 |
1520 |
1604 |
1510.4 |
6.2 |
1789938 |
|
CAIRN |
248 |
256.1 |
247.1 |
255 |
245 |
4.08 |
2625424 |
|
REL |
1315 |
1368 |
1315 |
1349 |
1301.35 |
3.66 |
934320 |
Top Losers
|
Symbol |
Open Price |
High Price |
Low Price |
LTP |
Prev Close |
% Change |
Total trd qty |
|
ZEEL |
233.95 |
233.95 |
218.15 |
219.95 |
230.15 |
-4.43 |
950749 |
|
ABB |
1174 |
1185 |
1138.55 |
1142.8 |
1161.95 |
-1.65 |
57839 |
|
AMBUJACEM |
116 |
117.45 |
113.4 |
114.1 |
115.9 |
-1.55 |
559368 |
|
DRREDDY |
616.5 |
624.9 |
603.35 |
606.4 |
615.35 |
-1.45 |
113962 |
|
M&M |
625.05 |
633 |
614.65 |
617 |
623.45 |
-1.03 |
143664 |
Most Active Underlyings
|
Symbol |
No of Contracts Traded |
Contract Value (Rs.lakhs) |
|
NIFTY |
309317 |
763463.02 |
|
RELIANCE |
35726 |
70776.21 |
|
RPL |
19665 |
63675.7 |
|
ORCHIDCHEM |
15699 |
48109.43 |
|
RNRL |
23322 |
46060.67 |
10.30 a.m.
Current News
-
Deccan Chronicle launches financial daily in Hyderabad, Chennai
-
REL shortlisted for Amritsar, Udaipur airport city side work
-
Govt says export ban on cement not applicable for sale to SEZs
-
Micro Tech to offer mobile application to MTNL users
Sector / Company
Larsen & Turbo is currently trading at Rs 2,871 up 2.33%.
Larsen & Turbo and the Tamil Nadu Government have entered into an agreement to set up a Rs 3,068 crore integrated ship building and port facility to the north of Chennai. L & T has commenced shipbuilding at its Hazira Works and also scouting for a suitable site in India to set up a world-class facility for shipbuilding and repair the same. Company also concentrate on the Defence, Nuclear Power and Aerospace sectors which show the potential and promises and L & T plans to expand its presence in the sector of construction and electrification for the railways and L&T investing Rs 2,500 crore for expansion in Shipbuilding, Manpower constraints and others. L&T have super-critical power plants, ranging between 500 MW-1000 MW.
HCL Tech Q3 net revenue up 23.3%. It is currently trading at Rs 257.70 up 5.18%.
India’s fifth largest software exporter HCL Technologies posted a 3.2% year-on-year rise in its Q3 net income at Rs 342.5 crore on a consolidated basis, even as the company clinched better-than-expected growth in the US market.
In rupee terms, the revenue at Rs 1,944.8 crore was up 23.3% year-on-year and 7.1% on a sequential basis.
The net profit was impacted by foreign exchange losses worth Rs 27.1 crore, compared with a gain of Rs 41.8 crore last year, and a gain of Rs 5.8 crore during the second quarter ended December 2007.
HCL’s quarterly EDITDA margins rose to 22.3% from 21.4% in Q2FY07, but lower than 23.3% a year ago.
Market Trend
|
Index |
Current Value |
Change (Pts) |
Change (%) |
|
SENSEX |
16,368.03 |
214.37 |
1.33 |
|
S&P CNX NIFTY |
4,937.10 |
57.45 |
1.18 |
|
MIDCAP |
6,731.29 |
126.87 |
1.92 |
|
SMLCAP |
8,365.41 |
161.02 |
1.96 |
|
BSE-100 |
8,668.62 |
119.07 |
1.39 |
|
BSE-200 |
2,033.40 |
29.43 |
1.47 |
Technical Analysis
SENSEX (INTRADAY) Time: 10.30AM
With Positive global clue market has given flat opening and than with good rally market has given high at 16414(time 10.19).
With first resistance at 16430, market has 1 st support level at 16320.
Market Activity as on 16th April 2008 at 10.30AM
Most Active Calls
|
Instrument Type |
Symbol |
Expiry Date |
Option Type |
Strike Price |
No of Contracts Traded |
Contract Value (Rs. lakhs) |
Last Traded Price |
Open Interest |
|
OPTIDX |
NIFTY |
24-Apr-08 |
CE |
5000 |
11100 |
28024.28 |
44 |
3508450 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
CE |
4900 |
7645 |
19092.55 |
90.95 |
2173400 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
CE |
4800 |
3215 |
7981 |
162 |
2367900 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
CE |
5100 |
1623 |
4155.82 |
19 |
1055150 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
CE |
4700 |
940 |
2329.57 |
250 |
1087400 |
Most Active Puts
|
Instrument Type |
Symbol |
Expiry Date |
Option Type |
Strike Price |
No of Contracts Traded |
Contract Value (Rs. lakhs) |
Last Traded Price |
Open Interest |
|
OPTIDX |
NIFTY |
24-Apr-08 |
PE |
5000 |
6769 |
17296.15 |
117 |
875000 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
PE |
4900 |
6536 |
16208.82 |
64.8 |
1962750 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
PE |
4800 |
5748 |
13886.16 |
34.95 |
2751000 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
PE |
4700 |
3747 |
8843.69 |
21.5 |
2959500 |
|
OPTIDX |
NIFTY |
24-Apr-08 |
PE |
4600 |
2580 |
5949.61 |
12.8 |
1984550 |
9.30 a.m. Pre Opening
Key Indices:
Indices were down 1% with prospects of sharper losses reined by a relatively positive guidance for FY09 by Infosys Technologies. Prices were expected to tumble, as the markets opened after an extended weekend holiday, due to losses on Wall Street and Asia.
|
Indices |
Close |
Advance Decline Ratio |
Support 1 |
Support 2 |
Resistance 1 |
Resistance 2 |
Direction |
|
Sensex |
16,153.66 |
25 : 5 |
15,734.64 |
15,315.62 |
16,411.07 |
16,668.48 |
|
|
Nifty |
4,879.65 |
40 : 10 |
4,752.93 |
4,626.22 |
4,961.73 |
5,043.82 |
|
|
Nifty Future |
4,915.35 |
- |
4,747.90 |
4,580.45 |
5,009.90 |
5,104.45 |
|
Outlook:
Markets are likely to be volatile with positive bias
Medium term sideways and long term remains positive.
KEY Indicators:
|
FII- Equity Rs Cr for 15thApril |
Mutual Fund. Rs Cr for 12th April |
Crude Oil $ |
INR/USD |
US Markets |
Asian Markets |
|
(31.30) |
NA |
113.47 |
39.96 |
Positive |
Positive |
Market News:
-
ITC to invest Rs 3 bn for Bengal food processing unit.
-
Indraprastha aims to double piped gas users to 100,000 FY09
-
Four Soft gets order from Colvan Netherlands
-
Kotak Mahindra Bank forays into credit card business
-
Petronet in advanced talks to buy LNG from Gorgon, Australia
-
Larsen & Toubro gets orders worth Rs 20 bn
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