SHREE GANESHAY NAMAAH !

RIL Q2 PAT up 15.8% at Rs 5703 cr, GRM below expectations !

Result Calender For The Week :

17th Oct 2011 : Mahindra Life Science, HDFC, ING Vysya, TCS, Zee Enter !

18th Oct 2011 : Chambal Fert,Chennai Petro, Coromandal, Crisil, Edelweiss, Hcl Tech, Heromoto, Honeywell Auto, IFCI, Indusind Bank, Jet Air, Jindal Steel, Niit Tech, Patni Comp, Petronet LNG, Torrent Pharma !

Mukesh Ambani group's flagship company Reliance Industries ' (RIL) second quarter results are in line with market expectations. The company's Q2 net profit was up 15.8% at Rs 5703 crore versus Rs 4923 crore.

Its net sales were up 36% at Rs 78,569 crore versus Rs 57,479 crore. Estimates, net profit was expected at Rs 5,750 crore and net sales were seen at Rs 79,800 crore.

The company's other income was up 63.99% at Rs 1,102 crore versus Rs 672 crore, YoY. Its EPS was up 15.23% at Rs 17.40 versus Rs 15.10, YoY.

It petchem revenue was up 39.74% at Rs 21,100 crore versus Rs 15,100 crore, YoY. Its refining revenue was up 37.02% at Rs 68,100 crore versus Rs 49,700 crore, YoY.

Its Oil & Gas revenue was down 17.21% at Rs 3,560 crore versus Rs 4,300 crore, YoY. Its gross refining margin at USD 10.10 per barrel.

Infy, SBI star in best week for mkt since Sept; 

Last week that was: Labour woes for Maruti, Infy delivers !

Future Calls :

ONGC
Below 260, we may c further slide down side to Rs. 256 to Rs. 250, with sl of Rs. 266. ! Call Not Triggered !

Tata Motors
Below 172 we may c further downside to Rs. 167 to Rs. 162, with sl of Rs. 176 ! Call Not Triggered !

Jet Airways
Buy with sl of Rs. 236, for tgt of Rs. 247 to Rs. 252 !  1st Tgt Hit Made High Of Rs. 247, Revised SL @ Rs. 242, Currently It Close @ Rs. 243.65 !

Past Performance !

Dhanlaxmi Bank
Dhanlaxmi Bank Can sell with sl of Rs. 73 for tgt of Rs. 58 To Rs. 52, currently it close @ Rs. 64.60. ! Close @ Rs. 63.70 !

Cairn India
Cairn India Buy with sl of Rs. 270, for tgt of Rs. 286 to Rs. 300, 1st Tgt Hit, Close @ Rs. 288, Revised SL 279 !

Irb Infra
IRB Infrastructure, Can sell with sl of Rs. 172, for Tgt of Rs. 158 to Rs. 145, Close @ 170.15 !

Future Expiry Month (2011) : 
Open : 4999.80
High : 5153.70
Low : 4725.55
Close: 5143.35
Avg. : 5005.60

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5143.35
Avg. : 5555.46

NIFTY FUTURE 

R5 : 5308
R4 : 5264
R3 : 5234
R2 : 5208
R1 : 5180

CMP: 5143.35

S1 : 5118
S2 : 5090
S3 : 5060
S4 : 5040
S5 : 5001

Market Updates : 

CRISIL leads gainers in 'A' group

United Phosphorus, Indiabulls Financial Services, Jindal Steel & Power and TCS are among the other gainers.

CRISIL jumped 7.72% to Rs 885.05 after the company said its board will meet on 18 October 2011 to consider buyback of equity shares. The stock topped the gainers in the BSE's 'A' group. The stock hit a record high of Rs 945 in intraday trade today, 14 October 2011.

United Phosphorus soared 7.31% to Rs 143.95 ahead of its Q2 results. The stock was second biggest gainer in 'A' group. The company will declare its Q2 September 2011 results on 21 October 2011.

Indiabulls Financial Services surged 5.46% to Rs 172.75 ahead of its Q2 results. The stock was third biggest gainer in 'A' group. The company will declare its Q2 September 2011 results on 21 October 2011.

Jindal Steel & Power advanced 5.01% to Rs 525.15 as global commodity prices rose. The stock was fourth biggest gainer in 'A' group. The company will declare its Q2 September 2011 results on 18 October 2011.

Tata Consultancy Services (TCS) moved up 4.01% to Rs 1134.50 ahead of Q2 September 2011 results on Monday, 17 October 2011. The stock was fifth biggest gainer in 'A' group.

Zenith Infotech tumbles after defaulting on FCCB repayment

Zenith Infotech tumbled 10% to Rs 83.90 on BSE after the company said it has defaulted on repayment of $33 million foreign currency convertible bonds, which was due on 21 September 2011

Sensex settles above 17,000 for the first time in over 3 weeks

Market scales 3-week high as buying by FIIs lifts spirits

The market breadth was positive. On BSE, 1,431 shares rose and 1,331 fell. A total of 130 shares were unchanged. The breadth swung alternately between positive and negative zone during the day.

From the 30-share Sensex pack, 19 rose and the rest fell

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !