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24/10/2011 market news

2011-10-23T13:10:00.000+05:30

The markets closed in negative territory last week with all sectoral indices closing in the red. Capital goods remained the worst performer during the week and along with largecap counters, midcap and smallcap stocks also came under selling pressure. The Sensex was down 1.7% while the Nifty also lost 1.7% during the week. The CNX Midcap index was down 1.7%, the BSE Smallcap lost 1.2% and the BSE Capital Goods closed with 4.4% loss over the week. The BSE IT was down 3.1%, BSE Realty lost 3.2% and BSE OilGas closed with 2.5% loss during the week. The top Nifty gainers during the week were Maruti Suzuki, SBI, Axis Bank and Coal India while the biggest losers included TCS, HCL Tech,Sesa Goa and L & T.

METALS OUTLOOK: All Eyes On Europe Next Week

2011-10-23T12:47:00.001+05:30

European news will continue to dominate headlines and provide direction for the precious metals markets, as two meetings will be held by policy makers regarding the on-going sovereign debt crisis there.

That means all markets- gold included – will be held hostage by the news that comes out and that could mean some market players may be on the sidelines. If there is some optimism that talks are progressing to an outcome, prices for all markets could rise.

On the week, December gold futures prices on the Comex division of the New York Mercantile Exchange settled at $1,636.10 an ounce, down 2.79% on the week. December silver settled at $31.193 an ounce, down 3.05% on the week.

31/01/2011 market news,free intraday tips,nifty future trading jackpot,bse,nse, calls

2011-01-30T22:58:00.000+05:30

Nifty Future was in down trend last week and breached its support of 5500 and tested 5485 level. It can continue with down trend in upcoming trading sessions.Support for nifty Future is at 5470/5412 and resistance is at 5622/5682 levels.

The Nifty Index in last trading session tumbled 1.60% and ended in deep red at 5512.15. On the derivatives front we have seen that the Nifty Futures prices declined along with an overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels. On the options front we have seen that the OI PCR has increased to 1.31 levels and the Volume PCR has ended at 1.10 level. On the volatility front the Indian Volatility Index (VIX) has ended with gains of 2.22% at 22.58 indicating volatility has increased in the markets.

RESISTANCE: It has first resistance close to the level of 5622 & above this level the next resistance is seen near the 5682 mark.

SUPPORT: It has first support close to the level of 5470 & below this level the next support is seen near 5412 mark.

27/01/2011 free nifty future calls,intraday tips,bse,nse,daytrading, sure, jackpot

2011-01-26T19:08:00.000+05:30

The markets took sharp cuts and it was banking sector that took the biggest plunge after the announcement of RBI credit policy. Other big losers include auto, realty FMCG and healthcare. The stocks of PSU oil marketing companies showed good gains The Sensex closed at 18969, down 181 points from its previous close, and Nifty shut shop at 5687, down 55 points. The CNX Midcap index was down 0.5% and the BSE Smallcap index was down 0.3%. The market breadth was negative with advances at 456 against declines of 844 on the NSE. The top Nifty gainers were BPCL, GAIL, Siemens and Ambuja Cements and prime losers included HUL, ICICI Bank, Dr Reddy's andHDFC Bank.

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2011-01-25T20:28:00.001+05:30

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24/01/2011 market news,free intraday tips,nifty future trading jackpot,bse,nse, calls

2011-01-24T07:14:00.000+05:30

The markets saw moderate gains last week and barring a few sectors, all the sectors closed with gains. The numbers are following: the Sensex was up 0.7% and Nifty also up 0.7%. The CNX Midcap index remained unchanged while BSE Smallcap index was down 0.5% over the week. BSE OilGas down 2.3%, BSE Metalup 2.2%, BSE IT up 3%, and BSE Bankex up 4.2%.

FOR NEW WEEK
BUY
DENA BANK.109
SL.102 TARGET 115/122
RILINFRA.737 SL.720 TARGET 750
RILCAPITAL.586 SL.560 TARGET.625
SBI TARGET Rs 2650 and stop loss 2570

21/01/2011 market news,free intraday tips,nifty future trading jackpot,bse,nse, calls

2011-01-20T19:22:00.002+05:30

The markets closed with moderate gains as buying in banking and IT sectors gave the indices the biggest boost. FMCG and oil & gas were the prime losers of yesterday's trade. The Sensex closed at 19046, up 68 points from its previous close, and Nifty shut shop at 5711, up 20 points. The CNX Midcap index was up 0.5% and the BSE Smallcap index was up 0.1%. The market breadth was negative with advances at 641 against declines of 651 on the NSE. The top Nifty gainers were ICICI Bank, Jindal Steel, HDFC Bank and RCom and prime losers included GAIL, ITC, ONGC and Ranbaxy.
Buy
IDBI Bank with a target of Rs 154 and stop loss of Rs 145
HDFC Bank with a target of Rs 2165 and stop loss of Rs 2090
Arvind with a target of Rs 65 and stop loss of Rs 56
MphasiS with a target of Rs 720 and stop loss of Rs 680
Ruchi Soya with a target of Rs 120 and stop loss of Rs 110
Sell
Ranbaxy future with a target of Rs 555 and stop loss of Rs 575
IVRCL Infra with a 3-4 day target of Rs 90 and stop loss of Rs 104
sell Aban Offshore with a 1-2 week target of Rs 670 and stop loss of Rs 735
Sell Pantaloon Retail on rise.

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20/01/2011 market news,free intraday tips,nifty future trading jackpot,bse,nse, calls

2011-01-19T19:40:00.002+05:30

Benchmarks ended a volatile session in the red near psychological support levels as traders booked profits after a rally in previous session. Capital goods, technology and oil&gas stocks ended lower while metals, realty and auto stocks moved higher.

Indices turned lackluster after a positive start as due to lack of buying support from institutional investors. Subdued European markets also weighed sentiments. According to analysts, the market looks bearish on the charts and may drift lower.

National Stock Exchange’s Nifty ended at 5691.05.15, down 33 points or 0.58 per cent. The broader index touched a low of 5662.55 and high of 5747.65

Bombay Stock Exchange’s Sensex closed at 18978.32, down 113.73 points or 0.60 per cent. The 30-share index touched a low of 18898.56 and high of 19167.06
BSE Midcap Index was up 0.15 per cent and BSE Smallcap Index moved 0.09 per cent higher.

Amongst the sectoral indices, BSE Capital Goods Index declined 1.20 per cent, BSE IT Index fell 1.18 per cent and BSE Oil&gas Index was down 1.15 per cent. BSE Metal Index was up 1.78 per cent and BSE Realty Index advanced 1.66 per cent.

Buy Yes Bank with a target of Rs 276 and stop loss of Rs 267
Sell Jet Airways with a target of Rs 590 and stop loss of Rs 616

Market News Monday, 17 January ( 17/01/2011 )

2011-01-14T22:05:00.001+05:30

The markets lost substantially last week and the negativity prevailed across all sectors. Both the benchmark indices lost more than 4% during the week. The numbers are following: the Sensex was down 4.3% and Nifty was also down 4.3%. The CNX Midcap index was down 3.3%, BSE Smallcap index was down 3.8% over the week. BSE OilGas down 5%, BSE Metal down 3.3%,BSE IT down 3.7%, BSE Realty down 5%, and BSE Bankex down 5.5%.

The markets were beaten down heavily and both the benchmark indices broke their psychological support levels of 19000 and 5700, respectively. Pressure primarily came from interest rate sensitive sectors like banking, auto and realty. Buying was seen in FMCG and IT. The Sensex closed at 18860, down 322 points from its previous close, and Nifty shut shop at 5654, down 97 points. The CNX Midcap index was down 1.4% and theBSE Smallcap index was down 1%. The market breadth was negative with advances at 280 against declines of 1033 on the NSE. The top Nifty gainers were Wipro, HCL Tech, Tata Power and Power Grid and prime losers included SAIL, Axis Bank, Tata Motors and HDFC Bank.

For Next week
Buy Pfizer with a target of Rs 1250 for one week
Buy Dr Reddy's with a target of Rs 1740
Buy ONGC with a target of Rs 1225 for one week
Buy Asian Paints with a target of Rs 2760 and stop loss of 2695

Sell Jindal Saw with a target of Rs 202 and stop loss of 214
Sell BHEL with a target of Rs 2150 and stop loss of 2230,
Sell RIL with a target of Rs 980 and stop loss of 1030

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Market News 14/01/2011

2011-01-13T20:23:00.001+05:30

The markets were weak, IT and banking that pulled it down. Realty was the only sector that could manage to close in the green. The Sensex closed at 19182, down 351 points from its previous close, and Nifty shut shop at 5751, down 111 points. The CNX Midcap index was down 0.6% and the BSE Smallcap index was also down 0.6%. The market breadth was negative with advances at 413 against declines of 898 on the NSE. The top Nifty gainers wereAmbuja Cements, Tata Motors, ONGC and ACC and prime losers included Infosys, PNB, SBI and ICICI Bank.

13/01/2011 Free intraday tips,nifty future calls,bse,nse,daytrading tips

2011-01-12T19:36:00.000+05:30

The markets were quite inconsistent yesterday , and after trading in the red in most part of the afternoon, they recovered and closed with the gains of more than 1.5%. Barring capital goods, all the sectoral indices closed in the green. Banking, IT, realty, auto and metal were the prime sectors responsible for the gains in the markets. The Sensex closed at 19534, up 337 points from its previous close, and Nifty shut shop at 5863, up 109 points. The CNX Midcap index was up 1.4% and the BSE Smallcap index was up 1.5%. The market breadth was positive with advances at 976 against declines of 326 on the NSE. The top Nifty gainerswere Suzlon, Sterlite Industries, Tata Motors and ICICI Bank and prime losersincluded Bajaj Auto, L & T, HUL and Tata Power.

Exit Suzlon on bounce, The counter can go down to the level of Rs 43, The stock last traded at Rs 53.65, up 12.9% on the BSE.

Buy Praj Industries with a target of Rs 98 and stop loss of Rs 82

Buy Hexaware with a target of Rs 132 and stop loss of Rs 118,

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10/01/2011 MARKET NEWS,FREE INTRADAY,NIFTY FUTURE,CALLS

2011-01-09T18:48:00.000+05:30

Nifty Future For Monday

Nifty future had a sharp fall in last trading session and closed below its psychological level. In coming week we can see smart pull back in it. One should take position in it after proper break out. Support for nifty future is at 5863/5750 and resistance is at 5980/6030. If sustains above 5902 then it will try to move towards 5966 where again selling pressure will emerge. But only sustaining above 5987 will give fresh up move twards 6033-6062. Immediate support now comes at 5880. If broken 5880 we will see more down side level towards 5865. Only broken and sustaining below 5865 may drag down the market towards 5796.

RESISTANCE: It has first resistance close to the level of 5980 & above this level the next resistance is seen near the 6030 mark.

SUPPORT: It has first support close to the level of 5863 & below this level the next support is seen near 5750 mark.

Free-fall. market news

2011-01-07T21:27:00.000+05:30

The markets tumbled steeply and no sector was there to stop the free-fall. Metal was the biggest loser with auto, IT and capital goods not far behind. Some buying was seen in banking sector but it was confined to only a few stocks. The Sensex closed at 19691, down 492 points from its previous close, and Nifty shut shop at 5904, down 143 points. The CNX Midcap index was down 2.3% and the BSE Smallcap index was down 3%. The market breadth was negative with advances at 126 against declines of 1197 on the NSE. The top Nifty gainers were IDFC, Bank of India, Bank of Baroda andHPCL and prime losers included Hindalco, Tata Motors,Suzlon and Bharti Airtel.
For the next 3-6 month, auto sector would be under pressure as its margins would be reduced because of rising input cost,The pressure on the sector can be seen in today's trade as well as the sector was among the biggest losers.

07/01/2011 Free intraday tips,free nifty future tips,bse tips,nse tips,jackpot calls

2011-01-06T22:42:00.000+05:30

It was third consecutive day for the markets to close in negative territory. Barring IT, all the sectoral indices closed negative and pressure primarily came from realty, banking and auto sectors. Midcap Index was also under pressure today and primarily it was fertilizer that brought it down. The Sensex closed at 20184, down 116 points from its previous close, and Nifty shut shop at 6048, down 31 points. The CNX Midcap index was down 1.2% and the BSE Smallcap index was down 1.1%. The market breadth was negative with advances at 312 against declines of 991 on the NSE. The top Nifty gainers were Sun Pharma, Hindalco, NTPC and Bharti Airtel and prime losers included Bajaj Auto, Ambuja Cements, ACCand Sterlite Industries.

Bharti Airtel

Bharti Airtel has bullish trend. The stock has important support at 345 above which if it sustains then it may continue its uptrend in the coming time.

SUPPORT 358

RESISTANCE 345

Gail India

GAIL India has bullish trend. The stock has made new 52 weeks high of 537.30 in the today's session and shown some correction from there. So if it sustains above the support level then it may continue to trade in bullish trend in the coming time.

SUPPORT RESISTANCE

540 517

JINDAL STEEL & POWER

It is taking support at the level of 704, from the last few trading session it was moving sideways in today's trading session it was down by 0.65 %.It is looking bullish in the coming trading session, one can go for long position in it at 744 else it has support at 704 below this level it would might face more selling pressure.

SUPPORT RESISTANCE

744 704

ONGC

ONGC from the last few trading session moving in a downward trend in today's trading session it was down by 3.07 %. It has resistance at 1270 and support at 1192. It is looking bearish in the coming trading session if it manages to trade and consolidate below the support level of 1192 else it has resistance at 1270 above this level it would might be in an upward trend.

SUPPORT RESISTANCE

1270 1192

RELIANCE COMMUNICATION

In today's trading session it was up by 0.91 % now it is taking support at 136 and resistance at 150. It is looking bearish in the coming trading one can go for short position in it at 134 else it has resistance at the level of 150 above this level it would might be in a bullish trend.

SUPPORT RESISTANCE

150 134

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03/01/2011 NIFTY FUTURE,INTRADAY TIPS,HAPPY NEW YEAR

2011-01-03T06:25:00.000+05:30

Nifty future saw healthy recovery and closed near to its resistance levels. As we previously mentioned that if it sustains above 6100 level it can take more up move. We can see some more up moves till 6250 level, one should adopt the strategy of buy on dips. Resistance for Nifty future is at 6215/6320 and support is at 6100/6062 levels.

SunTV, Wipro Gail Would be Bullish for Monday

RESISTANCE: It has first resistance close to the level of 6215 & above this level the next resistance is seen near the 6320 mark.

SUPPORT: It has first support close to the level of 6100 & below this level the next support is seen near 6062 mark.

Buy Tata Steel with a target of Rs 695 and stop loss of Rs 668

Buy - SBI At- 2775.60 Tgt - 2781.05, 2786.20 Sl - 2762.30
Buy HDFC Bank At- CMP: Tgt - 2368.50, 2375.90 SL - 2348
Stock Future Tips
Buy Tata Steel Future At- 688.50 Tgt - 692.05, 697.05 SL - 679

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Sensex touches six-week high, adds 231 points on investors demand

2010-12-30T06:41:00.000+05:30

The BSE benchmark Sensex on Wednesday climbed to six-week high on re-emergence of heavy buying as investors covered long positions ahead of expiry in the derivatives segment and on firm Asian cues.

The Bombay Stock Exchange benchmark Sensex shot up by 230.61 points to 20,256.03, the highest level seen since November 16 as stocks in FMCG, consumer durables and metal sectors recorded handsome gains.

Similarly, the broad-based National Stock Exchange index Nifty rose by 64.35 points to 6,060.35, after touching the day’s high of 6,067.55.

Buying activity gathered momentum as investors indulged in squaring up their over—sold positions, a day before the expiry in the derivative segment.

A firming trend in the Asian region, led by Japan’s Nikkei index further fuelled the uptrend. The MSCI Asia Pacific Index, shot up to a 30-month high for a second day, as increased oil, copper and gold prices boosted commodities companies.

Copper jumped to a record high on the London Metal Exchange, catching up with gains in other metals as trading resumed after a two-day holiday. Aluminium, zinc and lead also climbed. Copper gained one per cent to 9,437.50 dollar a metric ton, surpassing the previous peak of 9,392 dollar reached on Dec. 21.

Heavy—weight metal segment shares remained on the forefront as Sterlite Industries, the biggest copper and zinc producer, rose 3.38 per cent to Rs. 185.15. Hindalco, the largest aluminium maker was up 1.73 per cent to Rs. 241.45 and JSW Steel by 0.93 per cent to Rs. 1,151.65, its first rise in three days.

Trading volumes declined as the major market participants were absent from the markets due to year-end holidays. The combined turnover on both the exchanges dropped to 2.5 billion dollar yesterday, the lowest in almost six months.

In the non-specified section, Gitanjali shot up 7.64 per cent to Rs 212.75 after it acquired a 90 per cent stake in Glantti Italia from Gitanjali Ventures DMCC, its Dubai-based unit. MindTree, a software maker rose 7.04 per cent to Rs 544.75 after saying it plans to convert its subsidiary Mindtree Wireless into a design services unit.

All the sectoral indices ended with gains. On the other hand, while 27 stocks in the 30-BSE index components rose, three ended lower.

29/12/2010 NIFTY FUTURE LEVELS

2010-12-29T07:37:00.000+05:30

NIFTY FUTURE LEVELS
Nifty future moved under a tight range in last trading session and ended with flat and negative bias. Nifty future could not manage to sustain at higher levels. If Nifty future break 5950 levels it may see some more correction in it. Support for nifty future is at 5948/5900 and resistance is at 6062/6148 levels. One should adopted a strategy of sell at higher level. The Nifty Index closed flat below its 6000 mark at 5996. On the derivatives front we have seen that the Nifty Futures prices ended flat along with an increase in the cost of carry and addition of open interest, this is an indication that some longs are being built up at lower levels. On the options front we have seen the OI PCR has shown a slight increase whereas the VOL PCR has shown a decline. On the volatility front, the Indian Volatility Index (VIX) has shown a decline of nearly two percent indicating lesser volatility in the markets.

RESISTANCE: It has first resistance close to the level of 6062 & above this level the next resistance is seen near the 6148 mark.

SUPPORT: It has first support close to the level of 5948 & below this level the next support is seen near 5900 mark.

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29/12/2010 sensex,nifty,bse,nse,stocks,future,option,market news,tips,calls

2010-12-28T20:00:00.001+05:30

market news 28/12/2010

A benchmark index of Indian equities market closed almost flat in a choppy session Tuesday as gains in metal, healthcare and realty stocks offset losses in auto, banking and oil and gas scrips.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,056.47 points, settled at 20,025.42 points, down 0.02 percent or 3.51 points from the previous close of 20,028.93 points.

The Sensex was largely range-bound touching a high of 20,090.41 points and a low of 19,981.76 points in the intra-day trade.

At the National Stock Exchange, the 50-share S&P CNX Nifty slipped below 6,000 points in a lacklustre session. The Nifty closed 0.04 percent or 2.10 points down at 5,996 points.

The BSE midcap and smallcap indices also closed almost flat. The midcap index moved up 0.07 percent and the smallcap 0.33 percent.

Among the sectoral indices, the BSE oil and gas index slumped 0.74 percent, the auto index declined 0.35 percent and the Bankex slumped 0.21 percent.

However, the metal index advanced 0.16 percent. The Realty and technology indices also closed in the positive terrain.

Tata Motors slumped 2.53 percent to Rs.1,267.70. ICICI Bank, down 0.92 percent at Rs.1,113.70; SBI, down 0.90 percent at Rs.2,727.05; RIL, down 0.75 percent at Rs.1,047.15 and ONGC, down 0.66 percent at Rs.1,291.55 were top Sensex losers.

HDFC Bank advanced over two percent. Tata Power, up 1.75 percent at Rs.1,334.30; Reliance Comm, up 1.72 percent at Rs.139.20; Wipro, up 1.31 percent at Rs.491.40 and ITC, up 0.94 percent at Rs.171.15 were major Sensex gainers.

Other Asian markets closed deep in the red. China's Shanghai Composite Index slumped to a three-month low after its central bank unexpectedly hiked interest rates. The index fell 1.74 percent to 2,732.99 points.

Hong Kong's Hang Seng slumped 0.93 percent to 22,621.70 and the Japanese Nikkei closed 0.61 percent down at 10,292.60 points.

However, European markets were in the positive terrain. Around mid-day, Britain's FTSE 100 was ruling 0.21 percent higher at 6,008.92 points and the German DAX was up 0.07 percent at 6,975.69 points.

The French CAC 40 was ruling 0.35 percent higher at 3,875.87 points.

The Reserve Bank of India (RBI) announced measures to ease liquidity crunch in the banking system while keeping the key policy rates unchanged at a mid-quarter policy review on 16 December 2010. The RBI reduced the statutory liquidity ratio (SLR) of scheduled commercial banks (SCBs) from 25% of net demand and time liabilities (NDTL) to 24%, with effect from 18 December 2010. The central bank also said it will conduct open market operation (OMO) auctions for purchase of government securities for an aggregate amount of Rs 48000 crore in the next one month. These two measures are expected to inject liquidity on an enduring basis of the order of Rs 48000 crore, the RBI said after the mid-quarter policy review.

The RBI said the underlying growth momentum of the Indian economy remains strong. Even as inflation has moderated, it remains significantly above the comfort level of the RBI, the RBI said in a statement. Moreover, risks to inflation remain on the upside, both from domestic demand and higher global commodity prices, the RBI said. There is, therefore, a need for continued vigilance on the inflation front against the build-up of demand side pressures. The RBI had earlier projected 5.5% inflation by March 2011.

A major challenge for the RBI in the recent period has been liquidity management. It is the RBI's endeavor to alleviate the liquidity pressure in a manner consistent with the monetary policy stance of containing inflation and anchoring inflationary expectations, the RBI statement said.

The RBI said its latest measures will release sizable primary liquidity into the system. These measures will reduce the liquidity deficit in the system close to the comfort zone of the RBI, it said. The liquidity easing measures will help stabilize interest rates in the overnight inter-bank market closer to the operative policy rate of the RBI, it said.

Meanwhile, the combined advance tax payment by top 100 corporate taxpayers rose 18.7% to Rs 27,531 crore in Q3 December 2010 over Q3 December 2009, indicating better corporate performance in the third quarter this year. Advance tax is paid in four installments in June, September, December and March and is based on taxpayers' projected earnings, thus giving an indication of industry's performance in the months to come.

Stocks for shortterm trading 28/12/2010

2010-12-28T08:09:00.000+05:30

Buy Exide Industries cmp.164, target of Rs 195,stoploss rs.155

Buy Wipro with a target of Rs 495 and stop loss of Rs 480

Buy Hexaware with a target of Rs 116 and stop loss of Rs 104

Buy Core Projects with a target of Rs 350 and stop loss of Rs 320

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MARKET NEWS 28/12/2010

2010-12-28T07:48:00.000+05:30

The markets saw yet another day of rangebound trade and healthcare and IT were the only two sectors that could manage to remain in the green. Metal and FMCG sectors along with ADAG stocks remained under heavy selling pressure. Nifty breached the psychological 6000 mark. The Sensex closed at 20028, down 44 points from its previous close, and Nifty shut shop at 5998, down 13 points. The CNX Midcap index was down 0.4% and the BSE Smallcap index was up 0.2%. The market breadth was negative with advances at 626 against declines of 669 on the NSE. The top Nifty gainers were Ambuja Cements, Cipla, Sesa Goa andCairn and prime losers included SAIL, RCom, Sterlite Industries and Reliance Infra.

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2010-12-22T20:55:00.000+05:30

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Market news 20/12/2010

2010-12-17T09:59:00.001+05:30

The markets gained substantially last week and the positivity was seen across all sectors. Metal, IT and oil & gas lead the rally during the week and the numbers are following: the Sensex was up 1.69% and Nifty up 1.45%. The CNX Midcap index was up 1.73%,BSE Smallcap index up 2.63% over the week. BSE OilGasup 4.9%, BSE Consumer Good up 1.8%, BSE Metal up 5.6%, BSE IT up 5%, BSE TECk up 4.3%

Buy Renuka Sugars with a 6-8 week target of Rs 105-110
The stock last traded at Rs 89.60, up 5% on the BSE.

Hold GSPL with targets of Rs 136 and 144
on crossing its resistance of Rs 123 and stop loss of Rs 105,
The stock last traded at Rs 115.10, down 0.4% on the BSE.

Buy Suzlon with a target of Rs 54 and stop loss of 49

Reliance Infrastructure Ltd

Infra stocks have not performed in the current market rally. Projects worth 20,000 crore would start reflecting on the company’s balance sheet starting next year. The company has 25 projects worth Rs. 40,000 crore.The stock is trading below the 200 day moving average and is in a strong downtrend. The stock has strong resistance at 850-860 levels.

DLF

The sector has been battered down. The RBI has been aggressive on the interest rate front and that has hit the realty sector hard. Property sales are sluggish in tier 1 and 2 cities. The company has been hit hard on the operational front as affordable housing has lower margin. The company has high debt levels.The stock is clocking lower tops and bottoms on the charts. The realty sector is in a downturn. The stock can fall to 250-235 levels if it goes below 275 levels.

ABG Shipyard Ltd

The company is an established manufacturer of ships and has a 15,000 crore order book. An upward tick in demand is expected with global economic recovery. The intermediate daily trend is down and the charts are showing a lower top and bottom formation. Below 365 the stock can go to 350-340 levels.

Stock Market Review

The Bombay Stock Exchange’s Sensex ended the day at 19864.85, up 217.08 points, or 1.10% from the previous close. The National Stock Exchange’s Nifty pulled down the shutter to end at 5948.75, up 56.45 points, or 0.96%.

Nifty Future Review

The 50-share S&P CNX Nifty finally settled at 5,892.30, after sinking 51.80 points or 0.87%.Nifty December futures saw an addition of 6.93% or 1.73 million (mn) units, taking the total outstanding open interest (OI) to 26.80 mn units. For Nifty calls, 6000 strike price (SP) from the December series was the most active call with an addition of 0.88 mn or 10.73%.Among Nifty puts, 5900 SP from the December month expiry was the most active put with a contraction of 0.14 mn or 3.21%.

IT biggies -- TCS, Infosys and Wipro -- were the other top gainers in trade today. Index heavyweight, RIL, added around half a percent during the session.On the flip side, M&M, Tata Power and HUL were the major laggards on the index.MOIL, which debuted on the bourses on Wednesday, shed one percent during the session to end at Rs 461.95. Finally, the BSE Sensex zoomed 217.08 points or 1.10% to settle at 19,864.85 while the S&P CNX Nifty jumped 56.45 points or 0.96% to end at 5948.75.

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16/12/2010 market news

2010-12-15T15:43:00.000+05:30

Volatility continues in the markets and the weakness in Europe is playing havoc with the sentiments. Barring IT and tech, all the sectoral indices are trading in the red. The Sensex is trading at 19643, down 155 points from its previous close, and Nifty is at 5889, down 55 points. The CNX Midcap index is down 1.3% and the BSE Smallcap index is down 1.6%. The market breadth is negative with advances at 280 against declines of 1017 on the NSE.

Tips for monday 13/12/2010

2010-12-13T07:45:00.000+05:30

State Bank of India

After taking support at 2,655 levels, stock bounce back and broke the resistance of 200DEMA with good volumes. Beside this on the daily chart stock had formed an ``Inside Bar`` pattern and even oscillator had gave a positive crossover, indicating an upside trend in the coming days. Buying is recommended at CMP of Rs. 2,732 with target of Rs 2,915 and stop loss of Rs 2,622.

Mahindra & Mahindra

Stock had corrected 61.80% retracement of the recent rally from 742.45 to 814 and took support at the 55DEMA. Thereafter it bounce back sharply and made a ``Piercing`` pattern on the daily chart as well as broke the resistance of 21DEMA with good volumes. Oscillator also gave a positive crossover which further indicates strength in the stock. Buying is recommended at CMP of Rs. 780 with target of Rs. 840 and stop loss of Rs. 749.

ITC

With the government deciding in favour of the cigarette manufacturers, the concerns regarding the cash cow business of ITC are over. Also, the company`s other businesses such as that of hotels, agri-products and non cigarette fast moving consumer goods are expected to maintain their strong growth momentum in the coming quarters. Hence, they believe this a good time to enter the ITC stock, Target for it 189-192.

Dabur India LtdThe oscillators are pointing to a short term weakness and the stock can come down to 88-80. The stock has resistance at 96-97 levels. Hold with a target of 104-108 levels which are also the 52 week high. The stock has been muted and an underperformer as compared to the broader index and peer companies. However, the company's growth prospects are attractive. The recent acquisitions spell growth for the company. The stock is trading at 23 times FY '12 PE which is attractive.

Alok Industries LtdThe strong uptrend in the counter has been broken and the stock has breached the important support levels of 30-27. The stock might come down to 21-18 levels in the short term. A monthly close above 30 levels can take the stock to 52 levels.The company is an integrated textile play from fabric to fashions. The revenue is likely to grow at 30 per cent. The company plans to double its capacity. Hold for one year for a 20-25 per cent return.

Dr Reddys Laboratories LtdThe stock is a defensive play and a must have in the portfolio. The company has acquired penicillin production from GSK. It is aiming at $40 million revenue and trading at 23-times FY ‘12 PE. Buy the stock at 1424-1350 levels.

Everything looks red in the markets

2010-12-09T19:41:00.001+05:30

Everything looks red in the markets.
It was another bad day for the markets with both the benchmark indices took sharp cuts. Barring IT, all the sectoral indices closed in the red and the worst among them was consumer durables. Some realty stocks declined sharply and Sun Tech Realty was down around 20% in a single day. Smallcap and midcap stocks continued with their weaknesses and traders shied away from all such stocks. The Sensex closed at 19242, down 454 points from its previous close, and Nifty shut shop at 5766, down 137 points. The CNX Midcap index was down 3.6% and the BSE Smallcap index was down 5.7%. The market breadth was negative with advances at 64 against declines of 1254 on the NSE. The top Nifty gainers wereInfosys, Wipro and ITC and losers included Reliance Infra, Suzlon, RCom and Hindalco.

Sharp decline to continue in the markets and even if a company has no fundamental flaw, it might see a momentary decline because of some technical reasons, If the Nifty breaches the level of 5700,
it may come down to 5400

Everything looks red in the markets and IT is the only sector that managed to remain in the green. Even though global markets were trading positive, we took steep cuts and it was various scams that played havoc on the sentiments and triggered selling. The CNX Midcap index was down 3.3% and the BSE Smallcap index was down 5.7%. The market breadth was negative with advances at 68 against declines of 1251 on the NSE.

Bad day for ADAG stocks as all the stocks in the pack are going down

2010-12-09T15:13:00.000+05:30

Bad day for ADAG stocks as all the stocks in the pack are going down. RCom is down 6.1% on the BSE while Reliance Capital and Reliance Infra are down 4.4% and 8%.
market down 500 point index ,

01/12/2010 Nifty Future

2010-12-01T06:29:00.000+05:30

Nifty futures showed a sharp recovery after GDP data and has closed near to its major resistance level of 5900. It may take up move above 5900 level . One should take long position in it above 5900 level . Resistance for nifty future is at the levels of 5910 /5990 and support is at the levels of 5835/5750.

Resistance: It has first resistance close to the level of 5910 & after that it may face the next resistance close to the level of 5990.

Support: It has first support close to the level of 5885 & after it may get the next support close to the level of 5750.

29/11/2010

2010-11-29T06:38:00.000+05:30

The markets took a sharp beating last week and downward trend prevailed across all sectors. Amidst housing loan scam involving many companies, realty was the worst performer in the second consecutive week. The numbers are following: The Sensex down 2.5% and Nifty down 2.5%. The CNX Midcap index was down 5.7%, BSE Smallcap index down 7.2% over the week. BSE OilGasdown 4%, BSE Realty down 14%, BSE Consumer Gooddown 5.5%, BSE Bankex down 3.4%.

now
Buy ICICI Bank with a target of Rs 1150 and stop loss of Rs 1120,
Buy OBC with a target of Rs 462 and stop loss of Rs 415,
Buy Ranbaxy with a target of Rs 555 and stop loss of Rs 535

26/11/2010 Free intraday tips,free nifty future tips

2010-11-26T06:58:00.000+05:30

Markets declined due to last hour sell-off and midcap stocks were heavily beaten in the course. Realty was the worst performer in today's trade, though other sectors also didn't perform well. IT and tech were the only two sectors that closed in the green. The Sensex closed at 19318, down 141 points from its previous close, and Nifty closed at 5799, down 66 points. The CNX Midcap index was down 2.4% and the BSE Smallcap index was down 1.7%. The market breadth was negative with advances at 221 against declines of 1087 on the NSE. The top Nifty gainers were Infosys, TCS, ACC and Bajaj Auto and losers included Suzlon, PNB, RPower and SAIL

Finance Ministry has directed all public sector banks and financial institutions to look into their exposure to the realty sector and the ministry also said that they should strengthen their monitoring of NPAs.The directive came after the recent scam involving LIC Housing Finance and some PSU banks.

Market remained rangebound during early hours of the trade but took a cut in the last hour and closed with the decline of about half-a-percent. IT and tech stocks were the two sectors that remained in the green; all other sectors closed in the red. Realty was the worst hit in today's trade and primarily it was the LIC Housing Finance scam that had its negative impact on the sector. .

25/11/2010

2010-11-25T09:06:00.000+05:30

The market close to testing its previous support of 5825 from where it had given a bounceback,
if 5825 is breached then we could test 5750. Now the Nifty faces resistance at 5930 and all rallies should be used to sell .

22/11/2010

2010-11-21T20:41:00.004+05:30

NOW STOCKS TO WATCH

IDEA

BHARTI AIRTEL

ARVIND

market volatile,but watch this 3 stocks
click daily www.RupeeRains.com
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19/11/2010

2010-11-19T07:16:00.000+05:30

Markets remained volatile and rangebound and banking was the biggest laggard among all the sectors. SKS Microfinance took a beating from investors after JP Morgan recommended a sell on the stock even at market price. Metals and auto sectors performed well. The Sensex closed at 19933, up 68 points from its previous close, and Nifty closed at 5998, up 10 points. The CNX Midcap index was up 0.1% and the BSE Smallcap index was down 0.9%. The market breadth was negative with advances at 440 against declines of 874 on the NSE. The top Nifty gainers wereHero Honda, Hindalco, Cipla and Bharti and losers included RCom, Reliance Capital, ICICI Bank and Cairn.

WATCH TODAY

JPASSO.
IDBI

18/11/2010

2010-11-18T07:10:00.000+05:30

Markets took deep cuts amidst global uncertainly and heavy selling pressure. Both the benchmark indices closed with more than 2% decline. Metal and realty were the worst performers, though other sectoral indices closed in the red as well. The Sensex closed at 19865, down 444 points from its previous close, and Nifty closed at 5988, down 132 points. The CNX Midcap index was down 1.7% and the BSE Smallcapindex was down 2.9%. The market breadth was negative with advances at 141 against declines of 1175 on the NSE. The top Nifty gainers were Bharti, Ranbaxy,Educomp and Dish TV and losers included Sterlite,Hindalco, JP Associates and Ambuja Cements.

WATCH TODAY

16/11/2010

2010-11-16T06:58:00.000+05:30

Markets remained rangebound , but in the last hour of the trade they rallied upward and closed with the gains of about three-quarter of a percent. Banking and healthcare were the lead gainers and realty was the worst hit in trade. The Sensex closed at 20309, up 152 points from its previous close, and Nifty closed at 6121, up 49 points. The CNX Midcap index was up 0.4% and the BSE Smallcap index was down 0.3%. The market breadth was negative with advances at 501 against declines of 811 on the NSE. The top Nifty gainers were SBI, Cipla, Mahindra & Mahindra and IDFCand losers included Reliance Capital, Reliance Infra,Ambuja Cements and Ranbaxy

Buy TCS with a target of Rs 1080 and stop loss of Rs 1054
Buy Wipro with a target of Rs 445 and stop loss of Rs 420
Buy IDFC with a target of Rs 200 and stop loss of Rs 192

Good Morning 12/11/2010

2010-11-12T07:05:00.000+05:30

The 30-share BSE Sensex closed at 20,589.09, down 286.62 points or 1.37% and the 50-share NSE Niftyplunged 81.45 points or 1.30% to settle at 6,194.25. However, the Nifty November futures' premium increased to 43 points, as per provisional data.

All sectoral indices ended in red; the BSE Realty Index tanked 3% followed by Oil & Gas, IT, Bank, Capital Goods, FMCG and Healthcare indices, which were down 1-1.8%.

Heavyweights Reliance Industries and ONGC tumbled 2% each. BPCL, Cairn India and GAIL were down 1-1.9%. In metal space, Sesa Goa, Sterlite Industries, Tata Steel, SAIL and Jindal Steel declined 0.7-1% while Hindalco surged 2.56%. ACC from cement pack lost 1.5%.

TCS from technology space slipped 2.5% and Wipro was down 1.8%. Infosys and HCL Tech lost 0.6-0.9%. Bharti Airtel from telecom pack plunged 3.15% and Reliance Communications went down 1.9%.

L&T and BHEL from capital goods segment were down 1.6% & 2.6%, respectively while Siemens rose 0.5%. In power pack, NTPC, Suzlon and Power Grid went down 0.7-1.4% while Tata Power and Reliance Infrastructure gained 1-1.5%. Reliance Power was the biggest gainer on Nifty; surged 10%.

DLF was the top loser on Nifty; plunged 4.5%. Financial space also added more pressure on markets; SBI, ICICI Bank, HDFC Bank, HDFC, Axis Bank, PNB and IDFC were down 1.2-1.8% while Kotak Mahindra Bank rose 0.5%.

Best Stocks

2010-11-10T11:54:00.001+05:30

Buy for short term

IDBI . (195)
sl.188 target.210/215

ASHOK LEY..(80)
sl.75 target 95/100

RENUKA.(102)
sl.92 target.112

DENA BANK.(145)
sl.140 target.162

Happy Diwali & Happy New Year

2010-11-06T11:16:00.002+05:30

Happy Diwali & Happy New Year
From RupeeRains.com 09898738322

03/11/2010

2010-11-03T08:16:00.000+05:30

NIFTY .Last close 6155.95

Nifty closed up 1.45 points at 6119.00 whilst Nifty November Future closed at 6155.95 premium of 36.95 points.

FII bought in Cash (Net buy 460.88 Crore)

DII sold in Cash (Net sell 202.24 Crore)

FII sold in index future, stock future but bought in index option (Net sell 646.13 Crore)

To keep the inflation under control, the RBI has hiked repo (rate at which banks borrow from RBI) and reverse repo (rate at which RBI borrows from banks) rates by 25 bps each for the sixth time this year, which was on expected lines.

Technically we could see further rally upto 6180 which has to watch out initially, Cross over will take this to 6224 & there after expect non stop blast upto 6266 in hours not ruled out. Protect all plus position with strict stop loss of 6097.

BANK NIFTY Last close 12840.15

Bank Nifty closed up 36.00 points at 12770.90 whilst November Future closed at 12840.15 premium of 69.25 points.

Yesterday clearly indicated “ Buy more and stay invested keeping stop loss of 12635. Those want to play safe can take fresh plus position only above 12825. Above 12825 expect it to flare upto 12897, Cross over will take this to 12950, 13027.

Just check….It spurt to 12895 intraday…!!!

Now stay invested considering 12777 as intraday stop-loss.

Intraday could spurt to 12923, 12963 & there after in minutes will cross 13000 mark.

LYKA LABS Last close 35.10

Grab at the opening bell..!!!

Stop-loss Rs.32.

target Rs.40.

CAMLIN Last close 47.15 BSE CODE : 523207
Best stock for swing as well as investors.
Stop-loss Rs.44. target Rs.55.

VISIT DAILY . THANKS .

02/11/2010 welcome to india, OBAMAJI,

2010-11-02T06:55:00.003+05:30

Sensex gains over 300 pts

the 30-share BSE Sensex added more than 300 points on the back of further buying in financial companies' shares. Even the Nifty was consistently holding the 6100 mark. The broader indices were also following the same path; jumped 1.4-1.6%.

The BSE Bankex jumped over 3% ahead of RBI policy meet on November 3. India's largest two banks - ICICI Bank gained nearly 6% and SBI was up 1.8%. HDFC, HDFC Bank and Axis Bank rallied 3-3.5%. PNB rose 1.4%; Kotak Mahindra Bank and IDFC were up 0.8% each.

BhartiAirtel from telecom pack moved up 3%and Reliance Communications went up 2%.

The Sensex was trading at 20380, up 348 points and the Nifty was at 6122, up 104 points. The Nifty November futures were trading at 33 points premium.European markets also gained further; France's CAC, Germany's DAX and Britain's FTSE were trading 1% higher. Dow Jones and Nasdaq futures were up more than 0.5%.On the sectoral front, the BSE Realty, Capital Goods, Healthcare, IT and Auto indices were up 1-2%. Oil & Gas, Power, Metal and FMCG indices gained 0.8% each.However, NTPC (down 1%), Maruti (down 2.7%), Hero Honda (down 1.57%) and SAIL (down 0.6%) were on sellers' radar. Reliance Industries also wiped out its early gains.ICICI Bank, Reliance Industries, Bajaj Holdings, BS TransComm, Tata Steel, L&T and ABG Shipyard were the most active shares on exchanges.In midcap space, CMC, ING Vysya Bank, IndusInd Bank, UCO Bank and Petronet LNG were up 7-10.9% while Nava Bharat Venture, Mahindra Holiday, Bajaj Electrical and Bombay Rayon fell 4-4.5%.In smallcap space,Goodricke Group shot up 17%. Atul, AK Capital, Simplex Project and Lloyd Electric were up 9-13.5% while Sahara One, Hitachi Home, Hawkins Cooker, Honda Siel and Grindwell Norton slipped 5-10%.

About 2095 shares advanced while 1196 shares declined on BSE

VOLTAS

This stock will turn out to be a jackpot in coming days … yes major positive announcement is what the charts say … grab at the opening bell … Stock is ready to zoom like a rocket to Rs.253 … crossover will take the stock to Rs.257 mark … yes gap up opening not ruled out … but catch it at 09 am … stock will cross the Rs.265 mark in coming days ….!!! Stop-loss Rs.241.

L&T

Stock has given breakout on good volumes. Buy considering Rs.2021 as strict stop-loss. On the upper-side stock shall zoom to Rs.2063, Rs.2084 which is to be watched initially. Crossover will take the stock to Rs.2111 mark …!!! Stop-loss Rs.2021.

01/11/2010 MARKET NEWS

2010-11-01T07:03:00.000+05:30

We had stated a while ago that volatility is going to increase and that is exactly what we have been getting over the recent days. it was quite pronounced as theprices were whipped around quite a bit. Not surprising considering that the big hit came towards the later part of the day and was probably on expiry considerations. Clearly, October series positions were getting sold out as the rollover costs were getting out hand. This made matters worse and at the end the November series was quoting at a whopping 85 points premium to the October nifty! We cant recall ever
having seen such a huge difference and it is therefore difficult to make much sense of
this. Question is, will the market open at such high levels today? It seems quite doubtful
but it is also not going to open at where October closed. Probably we should see an
open somewhere in between.
About 1.5cr shares in the October series were let go in the nifty and about 7.5L shares
were allowed to expire in Bank Nifty. The Nov series starts with a more sedate 2.52 cr
shares in the nifty and we saw about 67L shares being added to the Nov OI yesterday.
This looks to be roll and new positions- not much for a rollover day. bank Nifty starts
the new series with about 15-16 L shares. On the options front we find that put OI is a
little higher with 6000 and 5800 strikes showing around 40L shares OI. This is not high
so not too much of fresh positions built here. On the calls, the 6200 strike has about
37L shares. So for the moment, the market is favoring a 5800-6200 band. A lot more
position was added on the put side yesterday so there is still a dominance of bullish
sentiment, it appears. Nifty roll was lesser at 59% compared to the average around 70-73%.
Prices are trading at the lower channel of the pitchfork and the 23% retracement is at
6075 and unless the market can move beyond this level and stay above this, we could
see a renewed attempt to decline. On the way down, we can look for targets around
6011/5980 where we should see some demand develop. 23 new items are getting
added to the F&O list today and activity should be brisk in some of them. Readers
should look at stocks like Alok, DCB, HOEC, Srei Infra and Skumar could be among the
ones that may be more active.

01/11/2010 market news

2010-10-29T22:27:00.000+05:30

BSE Sensex was at 19,872 down 68 points from the previous close. It had earlier touched a day's low of 19,768 and a day's high of 20,005 after opening at 19,986.

The key Indian stock indices are trading down in mid afternoon trade after a fairly choppy one hour in the morning. The overall sentiment remains cautious after Thursday's late selloff and weak global cues.
Most Asian markets finished lower. All eyes are now firmly set on next week's policy meetings of the RBI and the US Federal Reserve.
While the Indian central bank could hike rates by 25 bps to check inflation, its US counterpart is widely expected to announce details of the much anticipated second round of Quantitative Easing.
Among the other top events to follow closely next week will be the listing of Coal India Ltd. after its tremendously successful IPO and the India visit of the US President Barack Obama.

29/10/2010

2010-10-29T08:13:00.000+05:30

Equity benchmarks closed the October series on a negative note; the 30-share BSE Sensex closed at 19,941.04, down 128.08 points or 0.64% and the 50-share NSE Nifty fell 42.25 points or 0.7% to settle at 5,987.70. However, the Nifty November futures ended at 87 points premium.The BSE Healthcare Index surged 7%; Auto and Oil & Gas were up 4% each. However, BSE FMCG Index fell 4%; Bankex and Realty declined 2% each.However, the broader indices outperformed benchmark indices. The Nifty Junior and CNX Midcap Index were up 3% each while BSE Small Cap Index shot up 5%.
In midcap space, ABG Shipyard rallied 97%. Orchid Chemical was up 29% and Bhushan Steel up 22%.
Mercator Lines, Chambal Fertiliser, IFCI, Hexaware Tech, Indiabulls Real and Bank Of Baroda climbed 15-20%.In financial space, Vijaya Bank jumped 34% and Dena Bank went up 30%. IOB and Canara Bank were up 23%. Among the frontliners, TCS moved up 13%. Hindalco was up 10%. RIL and Tata Motors were up 9%. However, Idea Cellular and NTPC tumbled 11% each. Bharti Airtel was down 10%.

28/10/2010

2010-10-28T07:32:00.000+05:30

Indian stocks ended the day lower Wednesday, with the Sensex closing below the 20k mark. The BSE 30-share index settled at provisional 19,980.60, losing 240.79 points or 1.19%. The index opened at 20,220.58, the high for the day, and towards close saw a low of 19,923.71. Sensex losers included NTPC (-3.34%), HDFC (-2.67%), Maruti Suzuki (-2.42%), Bharti Airtel (-2.39%), ITC (-2.24%), Hindustan Unilever (-2.22%), ONGC (-2.19%), HDFC Bank (-2.16%). Gainers comprised RComm (4.17%), M&M (1.69%), Tata Steel (1.23%), SBI (0.52%), Sterlite (0.35%), Hindalco (0.25%) and Wipro (0.20%).

27/10/2010

2010-10-26T23:16:00.000+05:30

After moving in a range and mostly on the negative side, the Sensex ended the session lower Tuesday at provisional 20,213.33, down 89.79 points or 0.44%. The BSE 30-share index saw a high of 20,344.68 against a low of 20,189.30 during the day. Index losers included Bharti Airtel (-2.70%), Tata Steel (-2.65%), SBI (-2.08%), ONGC (-1.94%), Hindustan Unilever (-1.91%), RComm (-1.76%), BHEL (-1.52%), Hindalco (-1.40%), HDFC (-1.38%). Gainers comprised Maruti Suzuki (3.66%), JP Associates (1.48%), ITC (1.09%), Reliance Infra (1%), Cipla (0.91%), DLF (0.70%), among others.

Dena Bank has posted standalone net profit of Rs. 160.63 crore for the quarter ended September 30, 2010, up from Rs. 124.64 crore for the corresponding quarter of 2009. Interest earned was Rs. 1221.47 crore against Rs. 962.75 crore for the quarter ended September 2009. Interest expended was Rs. 756.20 crore compared with Rs. 722.33 crore for the same quarter of the previous year.

26/10/2010 market news

2010-10-25T20:53:00.000+05:30

Both the benchmark indices closed in the green despite of the selling pressure in the last one hour of the trade. After the announcement of the latest export numbers, the stocks of the export oriented companies moved up significantly. FMCG and IT closed in the red. The sensex closed at 20303, up 137 points from its previous close, and Nifty closed at 6105, up 39 points. The CNX Midcap index was up 0.5% and the BSE Smallcap index was up 1%. The market breadth was positive with advances at 795 against declines of 501 on the NSE. The top Nifty gainers were Hindalco, ACC, Tata Motors and Ambuja Cements and losers included Wipro,Power Grid, Sesa Goa and Suzlon

Buy Alok Industries with a target of Rs 33, The stock last traded at Rs 25.60

Buy HUL with a target of Rs 330,The stock last traded at Rs 305.65, up 1.4% on the BSE

Buy RIL with a one-week target of Rs 1140 and stop loss of Rs 1060, The stock last traded at Rs 1090.35, up 0.8% on the BSE.

Buy IDFC with a target of Rs 215 and stop loss of Rs 203

Buy Lupin with a target of Rs 460 and stop loss of Rs 445

Buy Cipla with targets of Rs 370 and 390 and stop loss of Rs 340

25/10/2010 Market News

2010-10-24T09:07:00.000+05:30

The benchmark index for Indian stock markets ended flat in a rather volatile week of trade.
The Bombay Stock Exchange's 30-share sensitive index (Sensex) nudged 0.2 per cent or 40.81 points up to end the week at 20,165.86 points.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty ended flat at 6,066.05 points, almost unchanged during the week to close Friday at 6,066.05 points.
Foreign funds, however, continued with their persistent buying in the equities and bond markets, with overseas inflows touching $811.45 million during the week ending Friday, according to data available with the Securities and Exchange Board of India (SEBI).
For the month, funds from foreign institutional investors stood at $5.8 billion.
Broader markets, however, did much better. The BSE midcap index moved up 1.37 per cent, while the BSE smallcap index rose 0.88 per cent.
Among top weekly gainers on the Sensex were TCS, up 4.4 per cent at Rs.1,040.10; Cipla, up 2.9 per cent at Rs.344.75; Reliance Industries , up 1.6 per cent at Rs.1,081.45, and Tata Power, up 1.3 per cent at Rs.1,420.
Top losers included Wipro, down 9.4 per cent at Rs.448.40; Sterlite Industries , down 7.8 per cent at Rs.168.20; HDFC, down 6.2 per cent at Rs.692.95, and Jaiprakash Associates , down 6.2 per cent at Rs.125.75.

-

22/10/2010 market news

2010-10-22T06:58:00.000+05:30

A benchmark index of Indian equities Thursday moved 313 points higher in afternoon trade, going well past the 20,000-mark.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,951.34 points, was ruling at 20,185.2 points, up 313.05 points or 1.57 percent, from its previous close at 19,872.15 points.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty was trading at 6,074.3 points, up 1.54 percent.
Broader markets were doing much better. The BSE midcap index was ruling 1.17 percent higher, while the BSE smallcap index moved 1.1 percent up.
FMCG, energy and IT scrips were among the major gainers at this time.
Among the gainers on the Sensex were Bharti Airtel ,ITC , Cipla , Hindustan Unilever and RIL.
The major loser was ACC, while Infosys was trading flat.
Other Asian markets fell after China's economic growth slowed to 9.6 percent in the third quarter and inflation rose at its fastest rate to 3.6 percent in almost two years. China this week hiked benchmark interest rates by a quarter-percentage point.

21/10/2010 market news

2010-10-20T22:16:00.001+05:30

In volatile trading, the Bombay Stock Exchange benchmark fell for the second day losing 111 points after a surprise rate hike in China spooked Asian peers and Coal India mega IPO continued to drain out funds.

The 30-share barometer dropped by 110.98 points to close at 19,872.15 on brisk selling in heavy-weight stocks led by metal, realty and consumer durables. It shuttled between 19,822.66 and 20,043.82 points during the day.

The index had lost 186 points yesterday.

Nifty lost 45.20 points to settle below the crucial 6,000 level at 5,982.10 points.

General investors and major players encashed every rise in the market to drain out funds for investing in the ongoing mega Coal India IPO.

Selling pressure further deepened on weakening global trend after surprise rate hike by China, for the first time in three years, raised concerns over slowdown in global economic recovery.

Asian equities fell today after China raised one-year lending and deposit rates by 25 basis points, boosting borrowing costs for the first time since 2007. A gauge of raw-material producers in the MSCI Asia Pacific Index dropped 1.1 per cent.

Metal stocks were major losers on fears that demand from the largest consumer of base metals, China, might plunge. The impact was also noticed on banking stocks.

The metal sector index lost 2.22 per cent, the most among 13 sectoral indices, to close at 16,892.14 points. Sterlite Industries, the biggest copper and zinc producer, dropped by Rs 6.25 to Rs 170.25 as raw material prices declined.

However, a rise in stocks of capital goods, healthcare and refinery sectors saved the market from any major fall.

The heaviest in the Sensex, Reliance Industries, rose by Rs 4.85 to Rs 1,048.70 and second-heaviest Infosys by Rs 6.95 to Rs 3,019.25. The two carry nearly 23 per cent weightage in the Sensex.

In 30-BSE index components, 21 closed with losses while other nine ended in the positive zone.

20/10/2010 market news

2010-10-20T08:27:00.000+05:30

In volatile trade, the Bombay Stock Exchange benchmark Sensex today lost 186 points to end below the crucial 20,000 level as investors liquidated holdings to invest in mega initial public offerings of Coal India.

The 30—share index fell sharply in the last 30 minutes of trade to settle at 19,983.13 points, reflecting a loss of 185.76 points over the previous close. The barometer shuttled between 20,332.02 points and 19,923.96 points during the day.

National Stock Exchange index Nifty lost 48.65 points to close at 6,027.30 points.

Every rise in the stock prices was encashed by investors, who were moping up funds to invest in the country’s largest initial public offering by Coal India Ltd.

Selling pressure was more confined to IT and tech stocks, led by Infosys Technologies after International Business Machines reported a drop in new contracts.

IT major Infosys Technologies, the second heaviest on the Sensex, lost Rs 94.70 to Rs 3,012.30 as IBM, the world’s largest computer—services provider said service contracts dropped seven per cent in its third quarter.

Tata Consultancy Services lost Rs 12.15 to Rs 967.20 and Wipro by Rs 3.90 to Rs 463.65.

The oil and gas major and the heaviest on the Sensex, Reliance Industries, dropped by Rs 5.05 to Rs 1,043.85 on profit booking by funds.

In the 30—BSE index components, 24 stocks declined while six ended in positive zone.

IT, tech, realty and metal stocks suffered the most while gains in pharma, auto and FMCG shares saved the market from any major fall.

The stocks of Biocon gained Rs 52.25 to Rs 455 following the company entered into a 350—million—dollar global deal with the US—based drug major Pfizer.

As the investors rush to pick fundamentally strong shares with low—cost, the small and midcap sector index rose by 0.24 per cent each to 10,638.96 and 8,291.68 points respectively.

19/10/2010 Market News

2010-10-19T07:12:00.002+05:30

Yesterday, It was an interesting day of trade for the Indian market which traded in the red for the most part but bounced back dramatically from the lows to end up in the green and with some gains, despite weak global cues. It was also a day when the market made history of sorts with the opening of the largest amount IPO in Indian history, Coal India, and the introduction of the pre-market session from 9-9.15am. the cement pack was the weakest followed by metals and banking. Sensex shut shop at 20168, up 43 points and Nifty at 6075, up 13 points from the previous close. CNX Midcap index was down 0.2% and BSE Smallcap index was also down 0.2%. The market breadth was negative with advances at 456 against declines of 831 on the NSE. Top Nifty gainers were HCL Technologies, TCS and Suzlon Energy while losers included ACC, Tata Power and Maruti Suzuki.

Buy Essar Oil with a target of Rs 160 and stop loss of Rs 130
Buy Orchid Chemicals with a two-week target of Rs 365 and stop loss of Rs 275, . The stock last traded at Rs 301.10, down 2.6% on the BSE.
Buy ICICI Bank with a target of Rs 1130 and stop loss of Rs 1099.
Buy Petronet LNG with a target of Rs 130 and stop loss of Rs 119.

18/10/2010 Market News

2010-10-17T16:23:00.000+05:30

Indian stocks ended sharply lower Friday, on renewed concerns in overseas markets over slowing global economy and mainly the US. Sensex lost 392.26 points or 1.91% at provisional 20,105.38. The BSE 30-share index fell from an early high of 20,578.45 to a low of 20,090.18. Biggest index losers were Wipro (-4.13%), TCS (-3.42%), Bharti Airtel (-3.17%), Infosys (-3.15%), Maruti Suzuki (-3.13%), Hero Honda (-3.05%), RComm (-2.97%), State Bank (-2.73%), Tata Steel (-2.67%), among others. The only gainers were NTPC (0.27%) and Cipla (0.10%).

The sell-off across all sectors brought the index down to settle down below 6100 after hitting a weekly high of 6284.10. The profit booking seen may be attributed to the upcoming Rs 15,000 crore Coal India issue, which is set to open on Monday, October 18 for subscription.

The beginning of the earnings season for the quarter ended September 2010 was good. India's second largest IT services exporter Infosys Technologies and third largest private sector bank by market cap Axis Bank reported better-than-expected numbers. However, these stocks already discounted these numbers as they had rallied sharply ahead of earnings; Infosys surged 9% in last one month.

The IT bellwether reported 16.73% jump in net profit of Rs 1737 crore and 12.08% rise in net sales of Rs 6947 crore on QoQ basis. expected revenues at Rs 6775.66 crore and net profit at Rs 1718.11 crore. But the market could slightly be disappointed with the rupee guidance; the company expects FY11 EPS at around Rs 115.07-117.07 while in previous quarter it had expected FY11 EPS at Rs 112.21-116.73/share. Rupee appreciation might be the reason as foreign institutional investors have pumped in more than Rs 1 lakh crore in 2010 and they were net buyers to the tune of more than Rs 43,000 crore since September 2010.

Infosys is concerned about maintaining a healthy operating profit margin (OPM) due to currency headwinds, volatility in the markets and global uncertainties.

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15/10/2010 Market News

2010-10-15T08:08:00.000+05:30

Sensex drops 190 pts on sell-off in infra, oil & gas, banks.

The 30-share BSE Sensex closed at 20,497.64, down 190.24 points or 0.92% and the 50-share NSE Nifty fell 56.55 points or 0.91% to settle at 6,177.35. The Nifty October futures' premium also trimmed down to 16 points from 37 points.

The markets were hit by intense selling pressure with the capital goods sector performing the worst. With the expectation of good quarterly numbers, IT closed in the green, followed by metals. All other sectors closed in the red. Sensex closed at 20497, down 190 points from its previous close, and Nifty closed at 6177, down 56 points. The CNX Midcap index was down 0.2% and the BSE Smallcap index was down 0.5%. The market breadth was negative with advances at 417 against declines of 893 on the NSE. Top Nifty gainers were Sesa Goa, Wipro, Infosys and Tata Steel and losers includedNTPC, BPCL, RCOM and M&M.

Sell HPCL future with a target of Rs 480 and stop loss of Rs 512

Sell BPCL future with a target of Rs 720-710 and stop loss of Rs 740

Buy Tata Chemicals with a target of Rs 440 and stop loss of Rs 425

Axis Bank has come out with its Q2 results with NII at Rs 1615.1 crore versus Rs 1149.7 crore (YoY) and net profit at Rs 735.1 crore versus Rs 531.6 crore (YoY), The stock is currently trading at Rs 1596, up 0.5% on the BSE.

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The Sensex surged 469.24 points.

2010-10-14T08:17:00.000+05:30

market closed on a very strong note and all sectors noticed hefty interest from buyers. Though IT outperformed all the sectors, realty and FMCG were also not far behind. Sensex closed at 20687, up 484 points from its previous close, and Nifty closed at 6233, up 142 points. CNX Midcap index was up 1.1% and BSE Smallcapindex was up 1.07%. The market breadth was positive with advances at 921 against declines of 369 on the NSE. Top Nifty gainers were TCS, HDFC, Wipro and JP Associates and losers included NTPC, Cipla, Mundra Portand Exide Industries.

13/10/2010 market news

2010-10-12T22:29:00.001+05:30

Disappointing IIP data, global cues drag Nifty below 6100.

The 30-share BSE Sensex shed 136 points on Tuesday post disappointing Index of Industrial Production (IIP) data and due to weak global cues. Capital goods, realty, metal, cement, power and FMCG companies' shares along with heavyweights like Reliance Industries, SBI and Bharti Airtel dragged the Nifty below 6100 for the first time in last eight sessions. However, benchmarks showed some recovery in last one hour of trade - theSensex recovered 96 points from day's low backed by auto and select healthcare companies' shares along with TCS, Reliance Communications and ICICI Bank.

The index of industrial production plummeted to single digits in August 2010 at 5.6% from 15.2% last month and 10.6% a year back. This drastic fall was backed by the contraction in capital goods and non-consumer durables.

Global markets were trading lower though they showed some recovery. European markets like France's CAC, Germany's DAX and Britain's FTSE were down 0.5-1.3%. US index futures like Dow Jones and Nasdaqdeclined 0.8% each. Among Asian markets; Nikkei plunged 2%. Kospi and Taiwan fell 1% each. Straits Times and Hang Seng slipped 0.3% each while Shanghai gained 1.2%.

The 30-share BSE Sensex closed at 20,203.34, down 136.55 points or 0.67% and the 50-share NSE NIfty fell 44.95 points or 0.73% to settle at 6,090.90. However, the Nifty October futures ended with 23 points premium, as per provisional data.

L&T and BHEL from capital goods space lost 1.2-1.9%; Siemens was down 0.8%. NTPC and Reliance Infrastructure from power pack declined 1.3-1.7%; Reliance Power, Tata Power, Suzlon and Power Grid were down 0.4-0.85%.

12/10/2010 market news

2010-10-12T08:10:00.000+05:30

The Bombay Stock Exchange benchmark Sensex on Monday rose by 90 points on funds buying in fundamentally strong stocks led by Reliance Industries and on expectations of robust earnings amid firming global trend.

The Sensex gained 89.63 points, or 0.44 per cent, to 20,339.89 with heavy-weight stocks in refinery, auto and metal sectors gaining substantial ground on investment support.

Initially, the market recorded a handsome gain of 211 points.

The broad-based National Stock Exchange index Nifty rose by 32.40 points to 6,135.85, after touching the day’s high of 6,187.75.

11/10/2010 Market News...Karsanbhai’s Nirma Ltd to de-list from stock exchanges

2010-10-10T22:29:00.002+05:30

Karsanbhai Patel
Karsanbhai’s Nirma Ltd to de-list from stock exchanges.

Nirma Ltd, promoted by well-known entrepreneur of Gujarat, Karsanbhai Patel is now willing to de-list from the stock bourses.

In the board meeting on Saturday, Karsanbhai and other promoters proposed buying 3.63 crore equity shares of the company from the public and seeking to de-list the equity shares from the stock exchange of India.

As on date, Karsanbhai and other promoters, together hold 77.17% of the paid up equity share capital of the company. Nirma was incorporated in 1984, was listed in 1994 and today has a market capital of more than Rs3,571 crore. On consolidated basis, as on March 31, 2010, the total income of the company is Rs4,696 crore and gross fixed assets stands at Rs5,032 core.The share capital and reserves of the company is Rs79.57 crore and Rs2,746 crore respectively.

After the board meeting, the company had also informed about its proposal to both the exchanges - Bombay Stock Exchange and National Stock Exchange. The company's main line of business is soaps and surfactants. Pharma and processed mineral businesses are relatively recent additions. And currently, Nirma is implementing green field cement plant. Promoters' other business interests include castor seeds, chemicals, packaging and real estate.

Nirma's name is synonymous with Karsanbhai Patel. His path-breaking and path-setting journey has propelled Nirma of yesteryears into a multi-location, multi product $1 billion revenue
corporate with operations in India and US.

Beginning with placing the detergents powder into common man's reach, 40 years of Nirma span distinct phases.Umbrella branding and backward integration, key pillars of Nirma's success, received universal acceptance as an alternate market strategy.Incorporation of Nirma Limited in 1984, paved the way for consolidation of operations leading to listing of the company in 1994. Today, nine manufacturing locations of the company serve four continents globally and 37% of total income is generated overseas. Since the last 14 years, the company has rewarded its shareholders with dividends and attractively priced right issue, while funding its business growth from internal generation.

Apart from opportunities available from existing businesses, the company continues to research for options of diversification into related and moderately unrelated areas. The business model of the company, however, continues to center around leveraging cash flows from ongoing operations to invest in assets presenting possibilities of turnaround or forward or backward integration.

Over the years, there has been a significant change in the business mix of the company, as a result of which, the risk profile, investment needs and returns ratios of the company have changed quite significantly and materially from the time of its initial listing. From a business that was primarily focused on consumer products at the time of its listing, the company has diversified into other areas like linear alklyl benzene, soda ash, pharmaceuticals and others.

As a result, the company's business has become more complex and asset-heavy. This is reflected in the fact that the company's fixed assets turnover ratio has reduced from 7.76 in 1993 to 1.82 in 2010. With the changing economic environment, the profile of the company has changed and the acquirers believe that profile of the business of the company is likely to further change towards entering into select early stage and capital intensive businesses and the nature and risk profile of these businesses may not be easily understood by and appropriate for non-promoter investors.

Further, such new businesses may also have long gestation periods which are normally not acceptable to public market investors. Therefore, the acquirers are of the view that the next phase of the company's life cycle can be better managed as an unlisted company. The acquirers also believe that it is this changing nature of the business of the company that has led to market valuations of the company to be valued as diversified conglomerate, rather than as a consumer products company or at a valuation that reflects the sum of its parts. The acquirers believe that given the low trading liquidity in the stock, the delisting offer should provide investors with an opportunity to get an exit at a fair value, while according the company the flexibility to carry on its operations.

Dow closes above 11,000 for first time since May
The Dow Jones industrial average closed above 11,000 for the first time in five months Friday as hopes built that the Federal Reserve will take more action to get the economy going again.

A weaker jobs report added to a series of tepid economic indicators in recent weeks that have built expectations that the Fed will announce new steps to encourage borrowing when it meets in early November.

Private employers added 64,000 workers last month, short of the 75,000 economists expected, according to a monthly government report released early Friday. Overall, 95,000 jobs were slashed as governments laid off workers, including temporary census employees. The unemployment rate held steady at 9.6 per cent.

The Fed's goal, if it starts buying bonds again, would be to drive interest rates down further from their already low levels and spark borrowing and spending. Lower rates could also eventually drive investors into riskier assets like stocks or into currencies in countries with more attractive interest rates.

According to preliminary calculations, the Dow rose 57.90, or 0.5 per cent, at 11,006.48. The last time it crossed above 11,000 was May 3 of this year. It first crossed 11,000 in May of 1999, and reached its highest close of all time on Oct. 9, 2007, when it finished at 14,164.53.

The Standard & Poor's 500 index gained 7.09, or 0.6 per cent, to 1,165.15, and the Nasdaq composite index gained 18.24, or 0.8 per cent, to 2,401.91.

Employers have not started hiring a lot of workers because of worries about potential tax hikes and unknown costs associated with health care and financial regulatory reform passed earlier this year. Consumers have also kept their spending down, which has kept a lid on hiring.

In corporate news, Alcoa Inc. rose 5.7 per cent after its earnings beat analysts' expectations late Thursday. The aluminum maker also raised its forecast for global aluminum consumption. Many companies have said international operations will be the driving factor in improving profits in the coming quarters because U.S. growth is so slow.

Alcoa is seen as a bellwether for earnings season because it is the first company among the 30 that make up the Dow industrials to report earnings. Alcoa rose 69 cents to $12.89.

Earnings are likely to become more of a factor in the market's direction in the coming weeks as hundreds of companies report results.

Strong earnings results and upbeat corporate outlooks drove the Dow up 7.1 per cent in July.

About three stocks rose for every two that fell on the New York Stock Exchange , where volume came to 945 million shares.

Chinese stock market soars to 5 month highs.

The Shanghai Composite Index rose 3.13 per to close at 2738.74. The Shanghai Component Index rose even more at 3.86 per cent and closed at 11911.37.

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11/10/2010 Market News

2010-10-10T13:17:00.001+05:30

Equity benchmarks ended with moderate losses after showing smart recovery in late trade due to short covering. But the Nifty managed to claw back above 6100 level, led by Reliance Industries, SBI, Wipro, Infosys, Hindalco, DLF, Reliance Communications, Maruti and L&T along with healthcare companies' shares.

However, metal, private financial, auto, cement and power companies' shares along with ONGC, Bharti, BHEL and TCS witnessed selling pressure

Overall it was a part of profit booking as the Nifty rallied upto 6200 level. Foreign institutional investors (FIIs) remained quite supportive; they have consistently been net buyers to the tune of more than Rs 37,500 crore (including provisional data of October 7) since September. However, domestic institutional investors were net sellers of just Rs 16,000 crore since the same period.

The 30-share BSE Sensex closed at 20,250.26, up 65.06 points or 0.32% and the 50-share NSE Nifty fell 16.85 points or 0.28% to settle at 6,103.45. Even the broader indices ended 0.3-0.5% lower. However, the Nifty October futures ended 39 points premium, as per provisional data.

Weak global cues also weighed on markets; European markets like France's CAC, Germany's DAX and Britain's FTSE were trading 0.4-0.8% lower. US index futures were down 0.4% each. Even Asian markets ended 0.2-1% down.

Heavyweight Reliance Industries rose 1%; GAIL was up 1.33% while Cairn and BPCL went down 0.8% each. ONGC lost 1.6%. Healthcare segment remained on buyers' radar; Sun Pharma, Cipla and Ranbaxy Labs slipped 1.26-1.8%. Dr Reddy's Labs rose 0.5%.

Infosys, HCL Tech and Wipro from technology pack were up 0.75-1% while TCS declined 0.65%. Reliance Communications from telecom space went up 1.35% while Bharti Airtel fell 0.55%. ITC from FMCG segment was up 0.3% while HUL down just 0.2%.

New listings

Orient Green Power was trading at Rs 44.90, down 4.47% from its issue price of Rs 47 a share.

Ramky Infrastructure was trading at Rs 387.35 as against issue price of Rs 450 a share, decline 13.92%.

Electrosteel Steels was trading at Rs 11.25 as against issue price of Rs 11 a share, up 2.27%.

Rajinikanth starrer 'Endhiran' has netted a collection of Rs 117 crore, surpassing the first-week collection of Bollywood's highest first-week grosser 'Dabangg' (Rs 82 crore).

2010-10-10T11:06:00.000+05:30

Rajinikanth starrer 'Endhiran'

has netted a collection of Rs 117 crore, surpassing the first-week collection of Bollywood's highest first-week grosser 'Dabangg' (Rs 82 crore).

08/10/2010 market news

2010-10-08T09:21:00.000+05:30

The Bombay Stock Exchange benchmark Sensex today lost 228 points to drop from 33-month record levels due to profit booking sparked by reports of high inflation and weak global trends.

The 30-share BSE barometer fell sharply by 227.76 points to 20,315.32 points as recent gainers like realty, software exporting and financial stocks tumbled. The index had gained 135.37 points to close at 33-month high of 20,543.08 yesterday.

The broad-based National Stock Exchange index Nifty fell by 66.15 points to close at 6,120.30 points.

Weak advices from the global market mainly affected the market sentiment, brokers said.

European markets declined in the early trade ahead of interest rate decision from the Bank Of England and the European Central bank. The key indices in France, Germany and London were trading lower by 0.03 per cent to 0.08 per cent.

Food inflation remained at a high level of 16.24 per cent as of September 25, official data released today showed.

In the 30-BSE index components, 17 stocks closed with losses while 13 ended in the positive zone.

IT stocks led by Infosys Technologies closed down after a US report raised concern about the global economic recovery after the private job payroll fell. The software exporting companies get more than 50 per cent of their revenue from the US and European markets.

Infosys closed over 1 per cent, or Rs 46.45, down at Rs 3,055.25.

The realty sector index suffered the most losing 2.80 per cent to 3,930.31, followed by metal index which fell by 1.70 per cent to 17,654.71. The IT sector index lost 1.30 per cent to 6,030.26 and capital goods index by 1.26 per cent to 16,325.56 points.

With the profit-booking spreading over a wide front, smallcap index lost 0.89 per cent to 10,541.69 and midcap index by 0.68 per cent to 8,369.62.

Asian stocks ended lower as investors remained cautious ahead of the release of Friday's US job data. The key indices in Singapore, South Korea and Japan fell by 0.07 per cent and 0.73 per cent while Hong Kong index edged up by 0.02 per cent.

07/10/2010 MARKET NEWS

2010-10-07T07:59:00.000+05:30

It was a steady day of trade for the Indian market which posted good gains on the back of buying in most sectors . Afternoon trade saw some kind of a dip but the market managed to pull back soon after. However, the Nifty failed to hold 6200. Sectors which showed strength include metals, oil & gas and autos while FMCG and pharma were a bit weak. Sensex shut shop at 20543, up 135 points and Nifty at 6186, up 40 points from the previous close. CNX Midcap index was up 1.3% and BSE Smallcap index was up 0.8%. The market breadth was positive with advances at 822 against declines of 453 on the NSE. Top Nifty gainers included JP Associates, Hindalco and Sterlite Industries while losers included RPower, Mahindra & Mahindra and Sun Pharma

Buy Bharti Shipyard with a target of Rs 280 and stop loss of Rs 240
Buy Cairn India with a target of Rs 358 and stop loss of Rs 336
Buy Tata Chemicals with a target of Rs 420 and stop loss of Rs 409
Buy GSPL with a target of Rs 124 and stop loss of Rs 113

2010-10-06T07:28:00.001+05:30

NIFTY
Yesterday, on the Daily Charts, NIFTY made a Doji Candlestick Pattern, which
signifies the presence of much uncertainty in the market. The way the NIFTY gave
the movement yesterday it was not able to decide its direction. Formation of
Shooting Star Pattern & then the Doji Candlestick Pattern, signals a Strong Reversal
Pattern, which again needs a confirmation. Hence, a cautious approach towards
trading is suggested for the next trading session. NIFTY opened flat with a negative
bias of almost 10 points. The Star movers of the day were mainly the RELIANCE Pack
especially RELMEDIA, RCOM, RNRL, RPOWER, RELIANCE, RELINFRA, RELCAPITAL &
RIIL. A good volatile session was witnessed in the markets, NIFTY made a high of
6188.35, while a low of 6118.05. For the day, NIFTY ended the session at 6145.80.
A bit of skittish session may be witnessed tomorrow. Chinese Markets will be closed
till 07th October, 2010 on the Occasion of National Day. A good set of Economic data
will be announced in the Global Markets like; announcement of Q2 GDP Data in
European Monetary Union, Germany’s Factory Orders and Monthly ADP
Employment Change in US. Traders are suggested to follow very cautious approach
by following Strict Stop Losses in Intraday Trading.

NIFTY has moved much above its 50-Days SMA (Simple Moving Average) 5643.07
and the 20-Days EMA (Exponential Moving Average) of 5932.038. NIFTY is
continuously showing good strength, and in the long term may also cross its previous
life time high of 6375.
20-Days EMA (Exponential Moving Average) has maintained above the 50-Days SMA
(Simple Moving Average), supporting the recent positive move. MACD (Moving
Average Convergence Divergence) has also maintained the positive trend. But at the
same time, RSI (Relative Strength Index) reverted from the overbought zone. Traders
are suggested to trade cautiously in the markets, as markets have surpassed all the
major resistances and have entered in the Over Bought Zone.
For the day, intraday resistance for NIFTY comes at 6185 / 6200 / 6230 levels. At the
same time, 6120 / 6095 / 6065 will act as major intraday support levels.

Pre - Market Calls:

JPASSOCIAT Buy only if it trades above 131 for the Target of 134, with the

strict Stop Loss of 129.

RCOM Buy only if it trades above 180 for the Targets of 184 & 185,

with the strict Stop Loss of 177

ADANIENT Sell only if it trades below 660 for the Targets of 650 & 646,

with the strict Stop Loss of 670.

Cutting short the three-day gains, the Bombay Stock Exchange sensitive index, Sensex, took a breather and ended 68 points lower on Tuesday as profit booking in bluechip financial and FMCG stocks weighed against investor sentiment. In a choppy session, the BSE 30-share index settled at 20407.71 against 20475.73 on Monday. It moved in a range of 20560.54 and 20383.16. The barometer had gained 520 points in the last three trading sessions.
The 50-share Nifty index of the National Stock Exchange too ended lower at 6145.80 against 6159.45. FMCG stocks also saw some selling pressure. HUL declined by 1.72 per cent to Rs. 303.45 and ITC by 0.91 per cent to Rs. 173.80. Gains recorded on consumer durables, power, auto and oil & gas counters were offset by losses suffered by FMCG, banking and consumer goods companies Smart buying was also witnessed in the Anil Ambani Group firms. RCom climbed 3.22 per cent to Rs. 177.80, the most in the BSE-30, followed by Reliance Infra (3.07 per cent) to Rs. 1,114.15, Reliance Natural Resources (5.82 per cent) to Rs. 41.80, Reliance Power (4.50 per cent) to Rs. 168.50, Reliance Capital (4.37 per cent) to Rs. 857.05 and Reliance Broadcast Network (4.95 per cent) to Rs. 103.80. Reliance Media Works was a star performer, with the stock shooting up over 35 per cent on strong volume to Rs. 292.95.Asian stocks ended higher after Japan's central bank announced a further cut in its key policy rates, which is already at virtually zero level.Shanghai Index climbed 1.72 per cent and Japan's Nikkei Index 1.47 per cent. Europe too was trading firm in the afternoon session. Britain's FTSE 100 was quoting 0.57 per cent up.

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05/10/2010 MARKET NEWS

2010-10-05T08:04:00.000+05:30

ICICI Bank strikes 52-week high

Profit profit at higher level wiped off most of the strong initial gains as the key benchmark indices ended just a tad higher. Weakness in European stocks and US index futures, triggered profit taking. Nine out of 13 sectoral indices on BSE were in positive zone. Healthcare stocks were in demand while FMCG and IT stocks fell. The market breadth turned negative, in contrast with a strong breadth in early trade.

The market surged in early trade, tracking gains in Asian stocks. The market held firm in morning trade. Stocks pared gains in mid-morning trade as profit taking emerged after recent strong gains. The market came off lower level in early afternoon trade. The key benchmark indices came off lower level soon after hitting fresh intraday lows in afternoon trade. However, the intraday recovery proved short-lived. The market once again came off the day's high in mid-afternoon trade. The Sensex slipped into the red at the fag end of the trading session.

Indian stock market benchmarks ended off intraday highs Monday, as risk-averse investors booked profits at higher levels on concerns of global economic recovery. Profit taking was seen in rate-sensitive sectors like banks, auto and realty while FMCG and IT stocks ended in the red.

Markets began the week on an optimistic note and indices hit 33-month highs as foreign institutional investors continued to invest in emerging markets. However, the rally fizzled out due to lack of buyers at higher levels and indices slipped towards the close. Weakness in European markets also dampened sentiments.

National Stock Exchange’s Nifty ended at 6,159.45, up 16.05 points or 0.26 per cent. The 50-share index touched an intraday high of 6,222.10 and low of 6,144.70.

Bombay Stock Exchange’s Sensex closed at 20,475.73, up 30.69 points or 0.15 per cent. The 30-share index hit a high of 20,706.74 and low of 20,437.36

04/10/2010 MARKET NEWS

2010-10-03T22:43:00.000+05:30

India's benchmark index rallied for the fifth consecutive week, led by continued inflow of funds from foreign institutional investors on the back of positive cues from global markets and robust economic growth outlook.

The Bombay Stock Exchange's 30-share sensitive index (Sensex) surged nearly two percent or 400 points to 20,445.04 points. This is the fifth consecutive week of gains at the Indian bourse.

The benchmark Sensex rallied 375.92 points or 1.87 percent to close at 20,445.04 Friday, the highest level since Jan 14, 2008. Sensex has gained over 12 percent in the last one month. This is the sharpest rally in the market in five months.

Overseas funds invested Rs.1,825 crore Friday, the first trading day of this month after putting about Rs.23,600 crore in September.

On the first day of October, buying support was across the board as all 13 sectoral indices on the Bombay Stock Exchange (BSE) closed in the positive territory. Realty, metal, consumer durable and IT stocks saw bulk of the buying.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty also rallied nearly two percent in the week's trade. The index closed 1.88 percent higher at 6,143.4 points Friday.

Broader markets also ended with gains. The BSE midcap closed 1.6 percent higher and the smallcap index 1.54 percent up. The market breadth was positive with 1,993 scrips advancing, compared to 984 stocks declining and 122 remaining unchanged.

The major gainers Friday on the Sensex were HDFC, up 5.13 percent at Rs.175.35; BHEL, up 4.29 percent at Rs.2,590.10; TCS up 4.08 percent at Rs.960.20; and Hindalco Industries, up 3.81 percent at Rs.204.25.

There were only two losers: Hero Honda, down 0.43 percent at Rs.1,8423.85, and Bharti Airtel, down 0.2 percent at Rs.365.15.

Global markets ended the week mixed. The US Dow Jones Industrial Average closed 0.39 percent higher at 10,829.70 points and S&P 500 ended the week 0.44 percent up at 1,146.24 points.

FTSE 100 closed 0.80 percent higher at 5,592.90. The German DAX declined 0.28 percent down at 6,211.34 and the French CAC 40 fell 0.62 percent to close at 3,692.Among the other Asian markets, the Japan's Nikkei moved up 0.37 percent to close at 9,404.23 points.The Chinese Shanghai Composite index ended the week 1.72 percent higher at 2,655.66. However, Hong Kong's Hang Seng closed 0.09 percent down at 22,358 points.

Robot set to break box office records

2010-10-02T17:19:00.001+05:30

Robot set to break box office records

The most touted and much awaited Robot,starring south sensation Rajnikanth and beauty queen Aishwarya Rai Bachchan, hit the theatres on Friday.And as expected,the movie, named Endhiran in Tamil,opened with a thronging response by cine freaks in Tamil Nadu.

The owners of the cinema halls and multiplexes are left with no more tickets and are glad that their dormant business has suddenly taken a twist with this movie.

01/10/2010 Market News

2010-10-01T07:26:00.000+05:30

It was a firm close to the September series for the Indian market as also to the day's trade. The market opened negative and continued to trend downwards following a sell-off in oil & gas, realty, auto, capital goods which dragged the Sensex and the Nifty below 20000 and 6000, respectively. However, a late surge in trade with buying in banks, metals, FMCG pushed the indices higher for a firm close. Sensex shut shop at 20069, up 112 points and Nifty at 6029, up 38 points from the previous close. CNX Midcap index was down 0.5% andBSE Smallcap index was up 0.1%. The market breadth was negative with advances at 516 against declines of 759 on the NSE. Top Nifty gainers were HDFC, Sterlite Industries and ITC while losers include Ambuja Cements,ABB and Reliance Capital.