Index Trends & Stocks In Action For 15th February 2013

Indian markets on Thursday began on strong note led by gains in heavyweights. However, the bulls lost steam and failed to capitalize on their initial gains and the index began sliding in afternoon trades due to selling pressure. The Nifty fell below the crucial mark of 5900.  It closed at 5897 down by 0.61%. the Nifty has formed a bearish candlestick along with higher volume compared to the previous session and this confirms that the down move may continue further. Going ahead, if the Nifty remains below the 5880 mark we could slide further down to levels of 5830-5820. On the higher side it will face resistance at around 5930-5960.

Mahindra Satyam will undergo an organizational restructuring as it plans to divide its existing operations into small business segments and would be delegating responsibilities by creating respective heads named as mini CEO’s. This is directed towards achieving its sales target of Rs 27000 crore by 2015. The move would help the company to effectively tap the huge growth opportunities going ahead. On the back of this news one may see a positive move in the share price of Mahindra Satyam in today’s trading session.

According to reports, state-owned oil Marketing companies (OMCs) are likely to announce a hike in petrol prices today. This would be followed with an increase in diesel prices in the coming days, a decision on which is yet to be taken. On the back of this news one may see a positive move in the share prices of BPCL, HPCL and IOC. On the flip side, this move could impact Auto companies and one may see a downward movement in share prices of some of the Auto stocks.

The Zydus Cadila group has received a final approval from the USFDA to market anti-diabetic drug Pioglitazone HCI tablets in the US markets. As per IMS reports, estimated sales in 2012 of HCI tablets was close to USD 2 billion. The Zydus Group currently has around 75 approvals and has so far filed 170 ANDAs since the commencement of its filing process in FY2003-04, said a release by the company. On the back of this news one may see a positive move in the share price of Cadila Healthcare in today’s trading session.

According to media reports, India Cements is looking at expanding its existing capacity in Rajasthan. The expansion would attract investment of around Rs 650-700 crore and would meet the growing demand in Gujarat and Madhya Pradesh. Present capacity of the plant is 1.3 million tonnes, and the company would add another1.3 million tonnes taking the total capacity to 2.6 million tonnes. On the back of this news one may see a positive move in the share price of India cements in today’s trading session.

Finolex Cables is planning to set up a Captive 5 MW solar power plant in its manufacturing facility located near Pune. The estimated investment for the same would be around Rs 40 crore. The proposed plant is expected to be commissioned within the next six months and will provide electricity for its internal consumption say media reports. Further, the additionally generated electricity would probably be sold to the State Electricity Board bringing in additional revenues for the company. On the back of this news one may see a positive movement in the share price of Finolex Cables in today’s trading session.