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Markets Today Key Overnight Developments Must Know… 4 September 2013 MARKETS TODAY WORLD INDICES & INDIAN ADRs (US$) 3-Sep-13 Mrkts expected to open positive amid global cues. IT stocks may gain on Latest Points % Chg. positive economic data in the US. Metal stocks may edge higher as economic NIKKEI 225 * 13872.3 (106.1) (0.8) data in China Realty and bank stocks will be in focus after the RBI said on HANG SENG * 22236.2 (158.4) (0.7) Tues housing loans from banks to individuals should be closely linked to the DOWJONES 14834.0 23.7 0.2 stages of construction. Resistance is seen at 5360 levels & support is seen at NASDAQ 3612.6 22.7 0.6 5254 levels. Stock to watch: Strides Arcolab, Jet Airways, Fresenius Kabi, SKS SGX NIFTY FUT* 5336.0 15.0 0.3 Microfinance, Spicejet, Wipro. INFY 45.5 (0.9) (2.0) HDFC BANK 42.7 13.7 47.2 KEY OVERNIGHT DEVELOPMENTS ICICI BANK 27.6 1.6 6.0 Wall street rose on Tues but were far off session highs after top Republicans TATA MOTORS 27.5 5.2 23.1 voiced support for US President Barack Obama's call for military strikes WIPRO 8.9 (0.1) (1.4) against Syria. The market found support also from stronger-than-expected DR REDDY 32.5 (0.8) (2.5) data on US mfg and construction spending that hinted the world's biggest * At 08:20 a.m. IST on 4-Sep-13 economy was gaining traction. Meanwhile, Asian markets slipped in early trade today. MUST KNOW…. ITC hikes prices of select cigarette brands EQUITY 3-Sep-13 Latest 1 Day P/E* P/B* Aksh Optifibre closes IPTV Services in Delhi and Mumbai SENSEX 18,234.7 (3.4) 15.7 2.4 Godawari Power's 1.2 MTPA iron ore pelletisation plant starts commercial NIFTY 5,341.5 (3.8) 14.3 2.2 CNXMIDCAP 6,545.7 (2.3) 13.5 1.3 production *Source: Bloomberg Lodha's Worli launch gets bookings worth Rs2.5k cr on day 1 COMMODITIES Zenith Birla approves preferential issue of warrants Latest Points % Chg. GOLD 1412.4 21.1 1.5 Speciality Restaurants closes two franchise restaurants CRUDE OIL 108.5 0.9 0.8 Religare to acquire Macquarie stake in wealth management joint venture FII ACTIVITIES IN DERIVATIVES 3-Sep-13 Kingfisher seeks $236 mn in damages from engine-maker FII Net Buy (Rs. Open Ch. in Open Crs) Interest Int. (DOD) 2G case: SC rejects plea, hearings at trial court only Index Futures (1850.9) 10734.2 4.4 Bharti announces revision of select postpaid rates Index Options 1005.5 48628.5 1.1 Stock Futures 224.2 25831.7 (1.1) General Motors India recalls 4,000 units of Sail model Stock Options 19.0 917.6 14.4 Zensar Technologies launches insourcing services division NET INFLOWS (Rs. Crs.) 2-Sep-13 Gammon Infra terminates shareholders agreement with Simplex Infra NET MTD YTD Hindustan Motors: Updates on production and sales of Aug, 2013 FII 501.8 501.8 58882.3 MF (204.0) (203.6) (13197.7) Zensar Technologies clarifies on news item *YTD From January till date Energy Development successfully synchronises its karikkayam hydro EXCHANGE RATE 3-Sep-13 electric project with grid Closing % Chg. Rs. / $ 66.0 0.47 Speciality Restaurants opens new restaurant at Bengaluru Rs. / EURO 87.3 0.17 Rs. / UK Sterling 102.8 0.94 Power Grid to divest 20% stake via FPO Radico Khaitan clarifies on news item G.SEC. YIELD 3-Sep-13 Rate Yield (%) DNB selects TCS as its IT transformation partner GS CG2023 7.16% 90.8 8.6 Infotech Enterprises sets branch office in Taiwan Please refer to important disclosures at the end of the report For private Circulation Only. Sushil Financial Services Private Limited Member BSE1 : SEBI Regn.No. INB/F010982338 | NSE : SEBI Regn.No.INB/F230607435. Regd. Office : 12, Homji Street, Fort, Mumbai 400 001. Phone: +91 22 40936000 Fax: +91 22 22665758 Email : [email protected] Corporate Announcements ITC hikes prices of select cigarette brands Diversified business group ITC Ltd said it has increased prices of select cigarette brands, Gold Flake and Classic by over 10%, the second hike in as many months. The price of 'Gold Flake Kings' pack consisting of 10 cigarettes will now cost Rs.75, up from Rs.68 earlier. A pack of 'Gold Flake Lights' consisting of 20 cigarettes will cost Rs.75 compared to Rs.68 earlier. Likewise, the 'Classic' pack consisting of 20 cigarettes will now cost Rs.150 from Rs.136 earlier. When contacted, a company spokesperson confirmed the hike in prices. The packs with new prices are already in the market.The company, which had hiked prices of its Gold Flake cigarette brand by over 7% in Jul, had earlier said that steep hike in excise duty on cigarettes impacted sales. ITC, which is the market leader in cigarettes in India, sells various brands including India Kings, Classic Gold Flake and Navy Cut among others. The company's cigarettes business grew by 7.05% to Rs.3,537.39 crore during the first quarter ended Jun 30, 2013. It produces cigarettes at plants located in Bengaluru, Munger (Bihar), Saharanpur (UP), Kolkata and Pune. Besides FMCG, ITC has interests in hotels, paperboards and packaging, tobacco products and information technology. Aksh Optifibre closes IPTV Services in Delhi and Mumbai Aksh Optifibre Ltd has informed BSE that the Company has closed IPTV Services in Delhi and Mumbai, upon completion of 7 years term, as per terms of agreement with Mahanagar Telephone Nigam Ltd. (MTNL). Godawari Power's 1.2 MTPA iron ore pelletisation plant starts commercial production With reference to the earlier announcement dated Jul 06, 2013, Godawari Power and Ispat Ltd has now informed BSE that the Company’s 1.2 MTPA Iron Ore Pelletisation Plant has been commissioned at Siltara Industrial Complex, Raipur, Chhattisgarh and started commercial production with effect from Sept 01, 2013. Lodha's Worli launch gets bookings worth Rs2.5k cr on day 1 Lodha Group’s recently launched masterplanned neighbourhood in Worli (Mumbai), The Park, witnessed unprecedented interest with over 450 bookings worth over Rs.2500 crores being received on the first day of the applications being accepted. Lodha had launched The Park with Mrs. Aishwarya Rai Bachchan as the brand ambassador at a widely publicized press event a few days ago. This has been followed by a global launch in 7 cities Mumbai, Dubai, Delhi, Kolkata, Pune, Ahmedabad and Surat. Applications to purchase units have been received from across the country, along with strong interest from NRI’s in the UAE and USA. Amidst all the gloom about the Indian economy, the successful launch of this development has surprised market watchers. However, according to a leading South Mumbai based broker, "There has been a tremendous interest across India and from overseas customers as well. This is largely on account of the excellent location, world class design and amenities, and Lodha's brand and credibility in the market. Also the success of their pre-launch of this property under Codename Bluemoon where they received over USD 1 bn of applications in Jan 2013 and the good returns that buyers in that pre-launch have enjoyed, has given lot of confidence to new buyers that this is by far the best development to buy into from a quality and returns perspective." It is understood that these bookings are for the first residences around the Park and prices range from Rs.3.6 crores to Rs.10 crores for 2, 3 and 4 BHK residences, created by some of the finest brands and designers across the globe. The Park is a 17 acre master-plan district, located at Worli, on 2 the property purchased by Lodha in 2012 for Rs.2727 crores from DLF. The Lodha Group plans to develop a variety of different projects around this park, ranging from high rises, town houses, luxury retail and even a few select bungalows. A part of the 17 acre property has been exclusively designed as a tribute to nature with 7 acres of world class landscapes set on top of a 70 feet tall 'hill' at Worli, South Mumbai. Inspired by the great urban parks around the world, The Park offers an ideal urban lifestyle, one that is currently not possible in Mumbai. With over 7-acres of space, which is equivalent to 6 football fields put together, or about 1.5 times the size of the world's largest cricket ground, The Park is a tapestry of experiences, pulsating with vibrant life and activity. Zenith Birla approves preferential issue of warrants Zenith Birla (India) Ltd has informed BSE that the Board of Directors has approved proposal of preferential issue of warrants to promoters and promoters' group. Speciality Restaurants closes two franchise restaurants Speciality Restaurants Ltd has informed BSE regarding "Closure of "Mainland China & Flame & Grill" Franchise restaurants by Speciality Restaurants Limited". Speciality Restaurants has closed Mainland China and Flame and Grill, the Franchise restaurants at Ludhiana on Sept 01, 2013. Religare to acquire Macquarie stake in wealth management joint venture Religare Enterprises Ltd has informed BSE regarding a Press Release dated Sept 02, 2013 titled "Religare to acquire Macquarie stake in wealth management joint venture". Religare Enterprises to acquire Macquarie’s stake in its wealth management joint venture - Religare Macquarie Wealth Management Limited. The equal partnership JV was formed in 2007 to serve the fast growing Indian High Net Worth individuals (HNI) client base, leveraging Religare’ s local knowledge and Macquarie’s global expertise.
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