Nifty Morning Outlook on 11th August 2014: After the strong global market reactions nifty may expect to open positive in the range of 7630-7640. Nifty: According to Pivot points table support for Nifty Future prices at 7590 and 7560 level. 7650 and 7710 found resistance to the nifty. Bank Nifty: Nifty: According to Pivot points table support for Bank Nifty Future prices at 14840 and 14730 levels. 15930 and 15040 found resistance to the Banks nifty. USDINR Movement: On 8th August USD/INR closed positive at 61.22 (-0.27 or -45%) in spot. Trade Statistics on 08-8-2014: The turnover of cash and F&O in NSE is Rs 13807.42 crs and Rs 196525.04 crs respectively FII and DII activities in cash segment: On 08-8-2014 FII sold Rs 503.74 crs While DII bought 456.02 Today’s Results: Ø Tata Motors Ø SAIL Ø GAIL Ø HPCL Stocks to watch: Emami Q1: -Consolidated net profit at rs 70.8 crore versus Rs 60.7 crore (YoY) -Consolidated net sales at Rs 481.7 crore versus Rs 383.7 crore (YoY) -Consolidated EBITDA at Rs 75 crore versus Rs 85 crore (YoY) -Consolidated EBITDA margin at 15.6 percent versus 22.1 percent (YoY) Adani Enterprises Q1 : -Consolidated net profit at Rs 556.7 crore versus loss of Rs 278.3 crore (YoY) -Consolidated total income at Rs 16,524 crore versus Rs 11,547 crore (YoY) -Exceptional loss of Rs 126.4 crore -Exceptional loss on delay of commercial operations at Tiroda -Consolidated EBITDA (ex-forex) at Rs 3,156 crore versus Rs 2,066 crore (YoY) -Consolidated operating margin (ex-forex) at 19.1 percent versus 17.9 percent (YoY) Major Economical Events: Adani plans to sell Australian coal terminal for $2 billion The promoters of Adani Group plan to sell their Abbot Point coal terminal in Australia at close to the acquisition price of $2 billion. They had the terminal in May 2011, at the peak of a coal boom. The project was transferred to the Adani family in January last year, after analysts raised objections over the high debt burden of Adani Ports, which had bought the terminal in an all-cash deal. Jindal family close to buying Italys Lucchini: Italy PM Company run by Indias billionaire Jindal family is close to finalising a deal to buy insolvent Italian steelmaker Lucchini, Italys prime minister Matteo Renzi said on Sunday. Lucchini, formerly owned by Russias Severstal, was declared insolvent in 2012 and placed under special administration after falling victim to plunging European demand for steel during the 2008 recession.
Posted on: Mon, 11 Aug 2014 05:13:56 +0000
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