Buy Vijay Shanthi Builders Ltd. on declines with a stop loss of Rs 20 for a short term target of Rs 41.
Buy Bank of Baroda near support of Rs 243 for a target of Rs 315-330
Aurobindo Pharma: Citigroup Global Mkts Mauritius sells 3.4 lakh shares @ Rs 109.20/sh.
GVK Power & Infra: Quantum (M) buys 2.1 cr shares @ Rs 16.20/sh.
Arshiya International: Merrill Lynch Espana buys 6 lakh shares @ Rs 87/sh. Morgan Stanely Growth Fund sells 4.4 lakh shares @ Rs 87/sh.
Shee Ganesh Forging: Copthall Mauritius Investment
buys 2.7 lakh shares @ Rs 9.70/sh. BSMA sells 2.7 lakh shares @ Rs 9.70/sh.
IPCA Lab: ICICI Prudential Mutual Fund buys 1.39 lakh shares @ Rs 380/sh. Birla Sunlife Insurance Company sells 1.4 lakh shares @ Rs 380/sh.
Futures OI was down Rs 987 crore while Options OI was down Rs 5 crore. Nifty Futures shed 10 lakh shares in OI, at 4-point discount. Nifty OI Put-Call Ratio stood at 1.14 Vs 1.10. Nifty Puts added 5.7 lakh shares in OI while Nifty Calls shed 6.1 lakh shares in OI. Nifty 2900 Put added 7.5 lakh shares in OI; Nifty 2500 Put added 5.3 lakh shares in OI; Nifty 3200 Call sheds 4.5 lakh shares in OI. Stock Futures added 35 lakh shares in OI.
On November 6, net sell by the FIIs in Nifty Futures were Rs 966 crore and the OI was up 45,139 contracts while net sell in Nifty Options were Rs 130 crore and net sell in Stock Futures were Rs 112 crore.
US markets logged their biggest two-day point decline on record on economic concerns and poor earnings. Weekly jobless claims continue reflecting weak labor market and retailers reported weak monthly same-store sales data. The shrinking economy crushed earnings at companies from Blackstone to News Corp.
Crude prices were around $ 60/bbl while gold prices tumbled. Bonds gain. Dollar was mixed against other major currencies
. Monthly jobs report for October is due today. It is expected to show an up tick in unemployment up to 6.3%.
Prospect of a very grim payrolls number today fueled the sell off further. At closing bell, Dow Jones ends down 443 points to 8,695.79, while Nasdaq was down 73 points to 1608. The S&P 500 ends down 48 points to 904.88.
Indian ADRs slumped
Indian ADRs slumped on the back of fall in US markets. Sterlite Industries was the major loser, which ends down 15.59% at $ 4.71. In IT space, Infosys was down 10.47% at $ 24.72, Wipro was down 8.56% at $ 7.37, Satyam Computers was down 7.19% at $ 13.81 and Patni Computers was down 6.14% at $ 5.35.
In Banking space, HDFC Bank was down 4.81% at $ 62.90 and ICICI Bank was down 2.68% at $ 16.68. In Telecom space, MTNL was down 1.98% at $ 2.97, while Tata Communication, which was the sole gainer among the ADRs, was up 0.15% at $ 19.71.
In other sectors, Tata Motors was down 3.85% at $ 4.50 and Dr Reddy’s Labs was down 1.07% at $ 8.30.
SELL HDIL CMP 117
Target 111 and 108
StopLoss 120.1
