Daring Derivaties: Positive start for new series ::ShareKhan

Daring Derivatives [For October 01, 2012] Sharekhan www.sharekhan.com

Summary of Contents   DARING DERIVATIVES Derivatives Summary The Nifty (October) futures' premium has decreased from 34.80 points to 26.25 points. The total open interest in the market was Rs117,039 crore and Rs10,095 crore was added in open interest. The Nifty call options added 16.38 lakh shares in open interest whereas the Nifty put options added 62.18 lakh shares in open interest.

---

Click here to read report: Daring Derivatives

Buy GVK Power & Infrastructure; Target : | 18 :: ICICI Securities, report

Hancock’s regulatory clearance progress…
We met GVK Power & Infrastructure’s group company GVK Natural
Resources Pte Ltd to understand the development made in the Hancock
Projects and its way ahead. As per the company, significant progress has
been made on the Hancock project approval process. The company is
well poised to achieve financial closure (FC) for the project in the next five
or six months possibly through ECA and begin construction on the
project from Q2CY13. In terms of funding, the project D/E is expected to
be 75-80% with majority of debt in the form of ECA funding from various
countries. It is also confident of funding its entire equity requirement
through minority equity dilution to various stakeholders (prospective
clients - mine, rail & port, equipment  supplier, EPC contractor, rail/port
operator, etc.)

Buy Gujarat State Petronet Ltd (GSPL) Target : | 92 :: ICICI Securities, report

Tariff approved by PNGRB beats estimates…
Petroleum and Natural Gas Regulatory Board (PNGRB) in an order dated
September 11, 2012, has reduced the provisional pipeline tariff for GSPL’s
high pressure Gujarat gas network by 12.5% to | 0.9 per scm (GCV of
9500 kcal per scm) as against its effective pipeline tariff of | 1 per scm
(with retrospective effect from November 2008). The tariff set by PNGRB
is 39.3% lower than the tariff submitted by GSPL yet higher than our
assumption of | 0.75 per scm for FY13E and FY14E. PNGRB has asked the
company to treat the system use gas (SUG) and unaccounted gas as
operating expense and has disallowed the company from recovering the
cost of SUG (0.3% of transported volumes) from customers (both these
orders to be implemented with retrospective effect). Overall, this order
has a positive impact and we maintain our BUY rating.

Sizzling Stocks - Adani Power , Gujarat Gas:: Business Line

Short takes - Pharma policy better than expected ::Business Line

Just send an SMS to invest in mutual funds ::Business Line

This facility is convenient as investors can buy or redeem mutual fund units instantaneously without any paper work.

To increase penetration of mutual funds and make investments more convenient, fund houses have started to offer a dedicated mobile platform for mutual fund transactions.

But this application failed to catch the small investor’s fancy as one needed a smart phone to use this facility.

To address this limitation, fund houses have now introduced the SMS transaction facility.

This allows investors to buy or sell mutual fund units by just sending an SMS. The concept is still evolving, as only select fund houses offer this facility currently. However, many other fund houses are working on this application and are likely to launch it in the near future.

Here are the answers to some questions that you may have regarding this launch.

1 Oct: Morning News (click on link to read article): IFCI Financial Services Limited

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Don't expect markets to correct below 16k: BofA ML Ø  Govt gives time to 18 SEZ developers for projects Ø  FDI decision helped Re to bounce back: RBI Dy Guv Ø  'New drug pricing policy may impact MNCs most' Ø  BP spill settlement talks stall as US demands $18 bn Ø  MNCs may replicate India retail model abroad		Ø  BHEL, GAIL seek Maharatna status Ø  Govt may relax lending norms for cash-strapped reality sector Ø  Rupee likely to touch 52.25/dollar this week Ø  Gold may ease to Rs 30,500-31,000 level on rupee gains Ø  M-cap of top 7 firms dips Rs 30,098 cr Ø  Spain debt rises on aid to banks, regions
Business Line		Mint
Ø  Shift from crude oil to natural gas could help reduce import bill Ø  Nippon Steel, Sumitomo Metal to formally merge today Ø  Essar Power’s 1,200-MW Mahan project idling for want of coal Ø  Govt, Sebi reforms may revive IPO market: Experts Ø  Comex gold may bounce higher Ø  Soyabean production set to touch record 127 lt		Ø  Investors to get no-frills demat accounts from Monday Ø  RIL to buy BP’s Malaysian plant for $230 mn Ø  World diaper output may take a hit from blast at Japan plant Ø  Bharti looks to form retail JV with Wal-Mart Ø  Global firms realign focus to tap potential realty hot spots Ø  Regulatory issues a key concern for gas distributors
Financial Express		Financial Chronicle
Ø  GAAR likely to submit report on Oct 1 Ø  FinMin opposes levy on electronic imports Ø  Subscribers hang up on BSNL, MTNL Ø  Mutual fund reforms to begin today Ø  'FDI helped Rupee to bounce back' Ø  2G auction: Tel cos to pay Rs 1,332 cr		Ø  Stocks may see profit-booking after recent rally: Experts Ø  India can recover faster than China: RBI Ø  PSUs to present case before IMG on coal blocks Ø  FIIs infuse over Rs 19,000 cr in Sept Ø  German Lemken to invest Rs 60 cr in India Ø  Bond prices rise as government restricts borrowing limit

(Click on link to view article)

Thanks and Regards

IFIN: IFCI Financial Services Limited

SGX Nifty futures 5,746.50 +23.50; Markets to open UP today

SGX Nifty futures 5,746.50 +23.50; 

Markets to open UP today

1 OCT 2012; 7:45 AM India time