WORLD MARKETS TANKS ON GREEK WORRIES

Stock markets across the world reacted negatively on the stubborn stand taken by Greek in respect of honouring its debt. In The meanwhile oil prices have surged more than 8% in the international markets.

FTSE 100	6749.40	Down	-61.20	-0.90%
Dax	10694.32	Down	-43.55	-0.41%
Cac 40	4604.25	Down	-27.18	-0.59%
Dow Jones	17164.95	Down	-251.90	-1.45%
Nasdaq	4635.24	Down	-48.17	-1.03%
BBC Global 30	7892.39	Down	-66.60	-0.84%

COSTCO TO PAY SPECIAL DIVIDEND

Costco Wholesale Corp will pay one-time dividend of $5 a share. The payout on account of this could be in excess of  2 billion dollars.

Costco, which sells groceries, fuel and other items in bulk, has bucked weak retail trends as it benefits from lower gasoline prices, strong store sales and membership fees.

CRUDE SURGES IN INTERNATIONAL MARKET

WTI crude for March WAS up by $3.71, or 8.3%, at $48.24 a barrel. The U.S. oil benchmark gained 5.8% for the week. 

FIIs AND DIIs NET SELLERS ON FRIDAY

FIIs (Rs 772 cr) and DIIs (Rs 28) have net sold in the cash segment, on Friday.

ADR : BJP HAS MOST CRIMINAL CANDIDATES IN DELHI ELECTION

The Association of Democratic Reforms (ADR) in its report, which is an analysis of affidavits of 673 candidates contesting the February 7 polls, pointed out that the Bharatiya Janata Party (BJP) has fielded the highest number of 27 candidates with criminal cases followed by Aam Aadmi Party (AAP) and Congress with 21 and 12 such candidates respectively.

ICICI BANK's NET NPA SURGES, STOCK TANKS

ICICI Bank's net NPAs for the December quarter stood at Rs 4,831 crore compared with Rs 3,997 crore at September 31, 2014, and Rs 3,121 crore as of December 31, 2013. 

ICICI Bank has reported a 14.09 per cent increase in standalone net profit for the third quarter ended December 31, 2014, at Rs 2,889.04 crore, compared with Rs 2,532.21 crore in the same quarter of the previous fiscal.

The stock lost Rs 20 or 5% and closed at Rs 360.

GREECE NOT TO NEGOTIATE WITH LENDERS

Greece's new left-wing finance minister says his government will not negotiate over the Greek bailout conditions with the "troika" team, ECB, EU and IMF.

NIFTY : TOP GAINERS

Symbol	LTP	% chng	Volume
HCLTECH TATAPOWER DLF BPCL LUPIN	1,794.35 91.40 171.05 751.00 1,579.85	8.82 3.69 2.64 2.34 1.63	53,53,836 46,89,840 1,15,69,727 24,59,124 6,48,933

COAL INDIA OFS @ RS 358

Coal India's OFS price has been set  at Rs 358/share. This is against today's closing price of Rs 374.

DR REDDY's NET DOWN, STOCK UP

Dr Reddy's has posted a consolidated  net profit of Rs. 575 crores for the quarter ended December 31, 2014 as compared to Rs. 618 crores for the quarter ended December 31, 2013. Total Income has increased from Rs. 3551 crores for the quarter ended December 31, 2013 to Rs. 3877 crores for the quarter ended December 31, 2014.

However, the stock is up by Rs 62 and trading around Rs 3300.

RIL REPLACES ITC AS THE THIRD MOST VALUED COMPANY

RIL is up Rs 23 as of now and its market cap stands at Rs 3.00 lac crores as against ITC's Rs 2.91 lac crores. ITC is trading around Rs 364. RIL's market cap is just a shadow below ONGC's.It is likely that RIL will over take ONGC in the next 2-3 trading sessions and will move to second position. TCS is the most valued firm on the Indian bourses.

IPO NEWS : SHAKE SHACK INCREASES PRICE RANGE

 Burger chain Shake Shack Inc  has increased its price band from $ 14-$16 to $17-$19. 
At the higher end of the revised price band the company is valued around $ 700 millions.

LUPIN : FII CAP RAISED TO 49%

The government allowed Lupin to raise the cap of foreign institutional investor holding to 49 per cent, a move that would facilitate an inflow  around Rs 6000 crore. 

RANBAXY POSTS HUGE LOSS IN Q3

Ranbaxy has reported a loss of Rs 1,029.73 crore for the quarter ended December 2014, its biggest quarterly loss. For the year-ago period, the company’s loss stood at Rs 159 crore.

During the December 2014 quarter, forex losses  stood at Rs 130 crore. Net sales fell 9.5 per cent to Rs 2,618.85 crore from Rs 2,893.99 crore in the year-ago period.

OLACABS TO RIDE ON TAXI-FORSURE

Olacabs is on the verge of buying rival Taxi-ForSure for Rs 1,250 crore, an aggressive move which sets up a straight fight with Uber for dominance of India's taxi aggregation market. 

FACEBOOK REPORTS STRONG NUMBERS IN Q4

Facebook  has very strong numbers for the fourth-quarter. Net profits stood at $701m, 34% increase on the same period a year ago.

Advertising revenue grew by 53% to $3.59bn, with nearly 70% of that coming from mobile ad sales.

The social networking giant now has 1.39 billion active users each month, a 13% increase from a year ago.

COAL INDIA OFS ON 30-01-2015

 Coal India's OFS of  31,58,18,220 (Thirty one crores fifty eight lacs eighteen thousand two hundred and twenty) equity shares of face value of Rs. 10 each with an option to sell an additional upto 31,58,18,220 (Thirty one crores fifty eight lacs eighteen thousand two hundred and twenty) , collectively aggregating to 10% of the total paid up equity share capital of the Company will take place on 30-01-2015.

The Sale shall take place on a separate window of the Stock Exchanges and shall commence on January 30, 2015 at 9:15 AM and shall close on the same date at 3:30 PM.

APPLE POSTS BIGGEST EVER PROFIT

Apple reported a net profit of $18bn in  the OCT-DEC quarter, biggest profit ever made by any corporate. Till now the record is held by ExxonMobil which made $15.9bn in the second quarter of 2012.

Apple sold 74.5 million iPhones in the three months to 27 December - well ahead of most analysts' expectations.

TATA MOTORS MULLS RIGHTS ISSUE

Tata Motors is planning to launch its biggest ever rights issue and the funds are intended to be used for expansion and retire debt. Tata Motors  says that it intends to offer additional shares to its shareholders and raise Rs 7,500 crore. Rights ratio, pricing will be decided later.

TODAY'S QUOTE

Leadership involves remembering past mistakes, an analysis of today's achievements, and a well-grounded imagination in visualizing the problem of the future.   - Stanley C. Allyn.

L&T Q3 RESULTS ON 09-02-2015.

Larsen & Toubro Ltd has informed  the exchanges that a meeting of the Board of Directors of the Company will be held on February 09, 2015, inter alia, to consider and approve the unaudited financial results of the Company for the quarter and nine month period ended December 31, 2014 (Q3).

RAJESH EXPORTS MULLS GOLD FINANCE BUSINESS

Leading jewellary exporter - Rajesh Exports plans to foray in to gold finance business. The company is seeking necessary approvals from the board / regulators in this respect.

ET : IF GREEK DEFAULTS, WHAT WILL HAPPEN

A look at possible scenarios if Greece defaults and leaves the Eurozone: 

1. Meltdown 

Living standards in Greece could fall, banks will face the prospect of collapse, savings may be frozen, businesses could go bankrupt and the cost of imports could multiple. 

2. Bank runs 

Regular citizens will empty their bank accounts before they converted into a new currency worth less than the previous one. The government may impose a freezing on withdrawal. Banks that have lent to Greece will collapse. 

3. Business bankruptcies 

Due to legal tangles over the nature of currency in contracts, Greek businesses may face legal and financial disaster. Companies will still owe big debt but will pay in devalued non-euro currency. Many businesses will become insolvent and face bankruptcy while lenders and biz partners of local companies will be looking at big losses. 

4. Sovereign debt crisis 

Investors could become nervous about lending to other struggling countries, This might leave Spain and Italy, which account for 28% of the total economy of the Eurozone, short of funds. 

5. Market turmoil 

A Greek exit from the Eurozone could force lenders and investors to sell off their risky investments. This will cause the stock markets to crash. High-risk borrowers may face higher borrowing costs, Certain safe investments like the dollar, en, Swiss franc, gold could rise and these governments could borrow cheaper. 

6. Political Backlash 

European governments and banks will face big losses on the loans they gave which will prevent some bigger nations like Germany, providing bailouts to other countries that might need it. ECB's role of providing rescue loans could be exposed. 

7. Recession 

European banks will be forced to stop lending and business will then cut investment. Ordinary people may cut back their own spending due to bad news in the media. This might push the country in to recession. 

8. Greek debt default 

The country will not be able to borrow from anyone and the government will eventually run out of euros. It will have to pay social benefits and civil servants' wages in IOUs (if it pays them at all) until a new currency is introduced. All repayments of debts will stop and Greek banks will go bust, since they won't be able to lend to the government. 

MICROSOFT REPORTS MUTED NET

Microsoft  has reported 10% fall in profits for Dec quarter as compared to the same period last year.

The software giant reported a net income of $5.86bn, down 10.6% on the same quarter in 2013.

Revenues stood at $26.5bn for the quarter which is better than analysts expectations.

GREEK EFFECT : GOLD TRADES ABOVE $1300 AN OUNCE

Gold climbed towards a five-month high on Monday as an electoral win by Greece’s anti-austerity party sparked fears of renewed instability in Europe, triggering safe-haven demand for bullion. It held close to a five-month high of USD 1,306.20 reached last week.

Safe-haven assets were in favour, with the 30-year US bonds yield hitting a record low of 2.336%. The 10-year notes yield fell 5 basis points to 1.759%.

DILIP SHANGHVI : SUN-RANBAXY INTEGRATION BY FEB END

 

Sun Pharmaceuticals Ltd is likely to complete the integration of Ranbaxy by end of next month if all regulatory approvals come as expected, according to its founder - Managing Director, Dilip S Shanghvi.

EXPEDIA ACQUIRES TRAVELOCITY

Expedia has acquired online travel agency Travelocity from technology company Sabre Corp for $280 million in cash. This signals further consolidation in the online booking industry.

GREEK ELECTIONS : SYRIZA PARTY IS EXPECTED WIN COMFORTABLY

Left leaned Syriza party is likely to win comfortably in the Sunday's elections. Fearing reversal of policies by the new ruling dispensation the euro skidded to near an 11-year low. And U.S. stock futures fell on Monday as Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders.

The euro fell to as low as $1.1135 on the vote outcome, not far off an 11-year low of $1.1115 touched on Friday when the common currency took a battering after the European Central Bank unveiled a bond-buying stimulus program last week.

OFS : IOC, BHEL, NAL AND DCIL ON GOVERNMENT RADAR

Government is likely to sell 5 to 10 percent stake in Indian Oil Corporation (IOC), Bharat Heavy Electricals (BHEL), National Aluminium (Nalco), and Dredging Corporation (DCIL) for the current financial year.

FIIs NET BUY FOR RS 2020 CR

FIIs have net bought for Rs 2020 cr in cash market on last Friday. DIIs in the same segment have net sold for Rs 1300 cr.

EUROPEAN UNION WARNS RUSSIA

European Union  has issued its sharpest warning of a fresh spike in tension with Russia, as violence continued to escalate in eastern Ukraine.

In a statement following attacks on residential areas in the city of Mariupol, the EU’s foreign policy chief Federica Mogherini called on Russia to use its “considerable influence” with the rebels to calm the situation and stem its support for pro-Moscow separatists.

ULTRA TECH POSTS DISAPPOINTING NUMBERS IN Q3

Ultra Tech has posted a consolidated net profit of Rs. 3999.80 million for the quarter ended December 31, 2014 where as the same was at Rs. 3951.10 million for the quarter ended December 31, 2013. 

Total Income is Rs. 59810.40 million for the quarter ended December 31, 2014 where as the same was at Rs. 52382.20 million for the quarter ended December 31, 2013.

Can Fin Homes Ltd : Key Highlights of Q3FY15 results

Can Fin Homes reported another strong quarter numbers where the Net Interest Income and Net Profit clocked 37 and 28 percent Y-o-Y to Rs55 and Rs26 crore respectively whereas sequentially the profit grew 41 percent.

The growth is led by stable yield on advances due to higher share of LAP and fall in cost fund which is reflected in higher calculated spread of 2.2 percent. The decline in cost to income ratio both sequentially and Y-o-Y basis has also led to better profit growth.  

The loan book during the quarter clocked 43 percent Y-o-Y to Rs 7635 crore whereas disbursement for 9MFY15 stands at Rs 2470 crore. The company has maintained a run rate of above Rs800 crore in disbursement growth since last few quarters and we expect the full year FY15 loan asset to be above Rs8200 crore.

NIFTY : TOP GAINERS

Symbol	LTP	% chng	Volume
TATAPOWER DLF CIPLA CAIRN TATAMOTORS	88.50 157.15 683.30 247.35 586.90	6.24 5.75 4.35 3.71 3.60	77,02,572 1,46,96,734 22,37,721 43,37,576 76,71,290

HERO MOTOCORP's EXPORT SURGES

Hero Motocorp has beaten Honda in scooters exports from India. This is a big development. Hero exported 84,690 scooters in 2014. Honda finished with 79,184 units. Both the two wheeler manufacturers have done very well on scooter exports but it is Hero that has clearly seen the bigger growth. Hero has grown more than five times in the last one year as it exported just 15,776 scooters in 2013. 

BIOCON'S Q3 NUMBERS DISAPPOINTS

Biocon has reported a 13% drop in its net profit for the October-December quarter at Rs 91 crore.

The revenues were up 8% at Rs 779 crore over the corresponding quarter last fiscal. While bio-pharmaceuticals contributed Rs 541 crore to the revenues, research services contributed Rs 220 crore during the quarter.

The stock is down 3% and trading around Rs 414, as of now.

 

RESULTS TODAY

The following companies, among others, will announce their Dec quarter results today.

1. Colgate- Palmolive
2. Ultratech Cements
3. BEL
4. Persistent Systems

IPO NEWS : AXIS CAPITAL, NOMURA MAY MANAGE ALKEM LAB IPO

Drug maker Alkem Laboratories IPO is likely to be lead managed by Nomura and Axis Capital. The company intends to raise around Rs 1800 crore through the offerings.

IPO NEWS : CATHOLIC SYRIAN BANK PLANS RS 300 OFFERINGS

Kerala based CSB plans to list its shares on the bourses. The company intends to raise around Rs 300 crores through the IPO. The IPO may hit the street in the first quarter of FY 16.

TATA MOTORS : BOLT PRICED @ RS 4.65 LACS

Tata Motors has launched the Bolt hatchback on Thursday. Priced upwards of Rs.4.65 lakh (ex-showroom, Mumbai) for the petrol model, and Rs.5.75 lakh for diesel variant, the compact offering off the Zest platform goes on sale from Thursday. Powered by a 1.2 litre turbocharged multi-point fuel injection engine, the Bolt is the only car in its segment to sport a multi-drive option,  according to Tata Motors.

NASSCOM : I T COMPANIES MAY MISS GUIDENCE

IT companies are expected to be on the lower end of NASSCOM’s guidance of 13-15 per cent growth for FY 15,  according to the industry body’s President R Chandrashekar.

GREEK HOLDS ALL THE TRUMP CARDS FOR EUROZONE

Inspite of massive infusion of funds by European Central Bank the worries of Eurozone is far from over. Structural economic issues remain, and all eyes now turn to the Greek election, with concerns that the result may eventually lead to a default and exit from the monetary union - a move which could send shockwaves through investors in the eurozone.

Greece's debt was very high in 2010 when it faced meltdown. And it's very high now. Net debt was around 130% of GDP in 2010 according to the IMF - now it's close to 170%. The economy has shrunk so the debt ratio has increased and it's put the country in what G+ Economics Komileva describes as the "debt trap".

Greece cannot possibly generate the level of income to pay back its debtors, ever. And the chances of defaults are very high.

BSE REVISES CIRCUIT FILTER FOR 13 STOCKS

BSE has revised the circuit filter for the following stocks with effect from January 23, 2015.

Sr. No.	Scrip Code	Scrip Name	Circuit Filter % Revised to
1	524808	Phyto Chem India Ltd	10
2	532766	Richa Industries Ltd	10
3	533451	Karma Energy Ltd	10
4	534328	Hexa Tradex Ltd	10
5	500370	Salora International Ltd	10
6	533212	GKB Ophthalmics Ltd	5
7	500259	Lyka Labs Ltd	5
8	505750	Josts Engineering Company Ltd	5
9	524540	Secunderabad Healthcare Ltd	5
10	531091	United Credit Ltd	5
11	531574	Vas Infrastructure Ltd	5
12	531879	Pioneer Distilleries Ltd	5
13	590126	Gradiente Infotainment Ltd	2

NIFTY : TOP GAINERS

Symbol	LTP	% chng	Volume
SUNPHARMA DLF AXISBANK TATA MOTORS IDFC	919.95 148.75 566.20 566.40 174.25	3.84 3.51 3.46 2.70 2.44	47,45,376 89,13,971 54,75,729 58,72,009 93,81,755