Stock Market News On 6th Mar 2013

Indian Stocks On 6th Mar 2013-

GLOBAL MARKETS:       

    *Nifty futures on the Singapore Exchange rose 0.45
percent.The MSCI-Asia Pacific index, excluding Japan  
 was high 1.01 percent.          
    * Asian shares extended gains on 6th March as investors grew
more risk following Wall Street's record close,signs
of continuing United State economic recovery and globally accommodative
monetary conditions.       
    *The Dow Jones industrial average soared to a record
closing high on 5th Mar 2013 breaking through levels last seen in the year of
2007 and as investors rushed in to join the party in
anticipation of more gains.            

    Watch these India's Stocks FACTORS :

    * India ministerial panel meet on airwaves auction.
    * India aviation minister at event.
    * Sony India media briefing to launch mobile phone.

    FINANCIAL:

    * The Dealer Said:India's one-month wholesale deposit rates were heading
towards 10 percent on 5th Mar 2013 as banks stepped up their efforts
to raise deposits to meet their end of the year targets in March,

    *Now  Cadbury Plc  a  part of Mondelez International Inc
used a nonexistent factory in India to avoid about 46 million dollar in taxes,the Wall Street Journal reported on Tuesday,
citing a report by the Indian tax authorities.

   * The Comptroller and Auditor General in a report
tabled in Parliament on Tuesday, pointed out that several
ineligible farmers were favoured and a large number of deserving
small and marginal farmers left out in implementation of the
United Progressive Alliance's much-touted 520 billion rupees
farm loan waiver scheme.

   * Companies have begun selling shares held in employee
welfare schemes in response to the Security and Exchange Board
of India's call to comply with the fresh guidelines by
June 30.

    COMMODITIES OF INDIA:

    * Aditya Birla Minerals, part of India's Aditya
Birla Group, is shutting the smaller of its two Australian
copper mines as it is struggling to make money at current copper
prices. 
    * Tata Steel has agreed to lenders' condition to
pay a higher interest rate for a proposed 228 billion rupees
loan if its credit rating slips.

    * Rajasthan government and Hindustan Petroleum Corporation
Ltd. will sign a pact on March 13 for setting up an oil
refinery in the state.

    * State-owned miner Coal India Ltd. has been
selling 18 percent of its annual 435 mt output at a price higher
than global benchmarks.

    * Reliance Industries Ltd. has stopped supply
of gas to 25 power plants from last Friday, said an industry
source. (Business Standard)

   * The $40 billion textile-to-telecom Aditya Birla group is
planning to buy a fertiliser plant in the US to benefit from
cheaper prices of shale gas to fuel factories.

   * The West Bengal government has upped the ante against JSW
Steel and charged it with delaying the Salboni steel
and power project. At 350 billion rupees the investment for the
project is the largest in the state. (Business Standard)

   * A few shareholders in Australian company Legacy Iron Ore,
acquired by NMDC in 2011, have sent it a notice,
asking it to either fulfill the promises made during the
acquisition or leave a source close to the development said.

Bet On Super Six stocks for 5th March 2013:

Vishal Kshatriya, Edelweiss

Buy HDFC Bank  at current price levels for a target of Rs 660 with a stoploss below Rs 605

Short IDFC  at current price levels for a target of Rs 140 with a stoploss above Rs 155

Rakesh Gandhi, FRR shares

Buy Ranbaxy with a target of Rs 415 with a stoploss of Rs 375

Buy Bata India  with a target of Rs 830 with a stoploss of Rs 765

Shardul Kulkarni, Angel Broking

Buy L&T Finance Holdings  at Rs 78-80 with a target of Rs 92 and keep a stoploss 76

Sell  Exide Industries  below Rs 125 with a stoploss of Rs 127.50 for a target of Rs 115

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