The markets have gainerd some points and were trading in green on the back of some buying witnessed in the realty, pharma, metal, consumer durables and FMCG stocks. IT, auto, capital goods and banking stocks were still under pressure.
At 12.40 pm, the Sensex is up 41.10 points or 0.20% at 20145.49, and the Nifty up 15.60 points or 0.26% at 6073.70. About 2409 shares have advanced, 635 shares declined, and 47 shares are unchanged.
Market breadth improved further and the advance decline ratio was nearly 3.5:1 on NSE. Inflation figure for the week ended Dec 1 was at 3.75% versus 3.01% during the same week previous year. Rupee was quoting at 39.36 against a US dollar.
Top gainers on the Nifty are ITC at Rs 203.35 up 3.57%, GlaxoSmithKline at Rs 1,067 up 2.67% and NALCO at Rs 451.10 up 2.38%.
Top losers on the Nifty are Sterlite Inds at Rs 1,054.50 down 1.86%, HDFC at Rs 3,112 down 1.81% and HDFC Bank at Rs 1,726.95 down 1.67%.
In the FMCG space, major gainers were P&G, Marico, ITC and Godrej Consumer Ltd. In the pharma sector, the buzzing stocks were Lupin, matrix, Cadila and Glaxosmithline.
SUN TV, Kaushlya Infra, EIH, IFCI, Lanco, Ispat Inds were some of the very active counters on the bourses today.
Mkts still choppy; pharma, FMCG, metals up
The markets were trading choppy since opening today swinging across the flat line. It has been one another good day for the midcap and smallcap counters which were outperforming the frontline stocks. Pharma, FMCG, consumer durable and metal stocks were in focus but the capital good, aut, IT and banking stocks were under pressure.
At 12.10 pm, the Sensex is up 16.50 points or 0.08% at 20120.89, and the Nifty down 2.05 points or 0.03% at 6056.05. About 2353 shares have advanced, 693 shares declined, and 45 shares are unchanged
Market breadth was in positive with nearly 900 stocks on the upper side and 200 stocks on the down side on NSE. Rupee was quoting at 39.40 against US dollar. BSE Midcap index was up over 1.3%.
Top gainers on the Sensex are ITC at Rs 203.70 up 3.45%, Cipla at Rs 208.10 up 2.13%, Ranbaxy Labs at Rs 419 up 1.91%.
Top losers on the Sensex are Mah and Mah at Rs 781.95 down 1.53%, HDFC Bank at Rs 1,732 down 1.46% Bharti Airtel at Rs 975.35 down 1.26%.
Top gainers on the Nifty are ITC at Rs 203.35 up 3.57%, GlaxoSmithKline at Rs 1,067 up 2.67% and NALCO at Rs 451.10 up 2.38%.
Top losers on the Nifty are Sterlite Inds at Rs 1,054.50 down 1.86%, HDFC at Rs 3,112 down 1.81% and HDFC Bank at Rs 1,726.95 down 1.67%.
SUN TV, Kaushlya Infra, EIH, IFCI, Lanco, Ispat Inds were some of the very active counters on the bourses today.
Mkts volatile; IT, auto, power stks under pressure
The markets turned volatile within few minutes of opening and were trading flat with modest cut. IT, auto, banking and power stocks were marginally subdued, but the FMCG, pharma, metal and durables were attracying some attention among the frontliners. Its another good day for the midcap counters which were outperforming the frontliners with significant margins.
Market breadth was in positive with nearly 900 stocks on the upper side and 200 stocks on the down side on NSE. Rupee was quoting at 39.40 against US dollar. BSE Midcap index was up over 1.3%.
At 11.05 hrs IST, the Sensex is down 23.51 points or 0.12% at 20080.88, and the Nifty down 9.40 points or 0.16% at 6048.70. About 2378 shares have advanced, 673 shares declined, and 40 shares are unchanged.
Top gainers on the Nifty are Hindalco at Rs 214 up 2.25%, ITC at Rs 200.60 up 2.16% and Cipla at Rs 208.20 up 2.16%.
Top losers on the Nifty are HDFC at Rs 3,080.05 down 2.82%, Sterlite Inds at Rs 1,047.70 down 2.49% and Sun Pharma at Rs 1,099.90 down 1.79%.
SUN TV, Kaushlya Infra, EIH, IFCI, Lanco, Ispat Inds were some of the very active counters on the bourses today.
Markets open quiet; pharma, powers stocks up
The markets opened on quiet note today in line with its Asian peers. US markets had also ended mixed yesterday. Power, pharma and FMCG stocks were in focus in the early trade.Kaushalya Infrastructure lists today on the bourses at Rs 65 versus its issue price of Rs 60. Rupee was trading at 39.40 against US dollar.
At 9:56 am, Sensex was up 51 points at 20115 and Nifty was down 3.6 points at 6054. major gainers in the early trade were ITC, Cipla, SBI, RPL, REL, M&M, Tata Power, Sun Pharma and Grasim. However, Idea Cellular and SAIL were trading lower.
Asian markets were trading lower. Hong Kong's Hang Seng slipped 0.19% or 51.82 points at 27,692.63, Taiwan's Taiwan Weighted declined 0.80% or 65.41 points at 8,122.54, Singapore's Straits Times was down 0.30% or 10.46 points at 3,468.85, South Korea's Seoul Composite plunged 0.53% or 10.08 points at 1,905.82. However, Japan's Nikkei gained 0.62% or 96.20 points at 15,632.72.
US markets: The Dow gained 44.06 points, or 0.33%, to 13,517.96. The Standard & Poor's 500 index shot up 1.82 points, or 0.12%, to 1,488.41, while the Nasdaq composite index slipped 2.65 points, or 0.10%, to 2,668.49.
Friday, December 14, 2007
Wednesday, December 12, 2007
The market is trading strong. Sensex and Nifty are both in the positive. Sensex is at 20312, up 21 points and Nifty is at 6123, up 25 points from the previous close. The market breadth is positive with advances at 820 against declines of 384 on the NSE.
Adlabs is a good stock to have in the portfolio with long term prospects and a stop loss of Rs 1200, says Deepak Mohoni, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1265, up 3.9% on the BSE.
Eton Park deal values Reliance AMC at Rs 10,000 crore and the deal is around 13% of AUM, reports CNBC TV18. Eton Park to invest 5% in Reliance AMC for Rs 501 crore and the deal is likely to be completed by January 08
Adlabs is a good stock to have in the portfolio with long term prospects and a stop loss of Rs 1200, says Deepak Mohoni, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1265, up 3.9% on the BSE.
Eton Park deal values Reliance AMC at Rs 10,000 crore and the deal is around 13% of AUM, reports CNBC TV18. Eton Park to invest 5% in Reliance AMC for Rs 501 crore and the deal is likely to be completed by January 08
The Asian markets are trading weak. The Indian market is trading flat, swimming against the tide of immense global weakness. Sensex is currently at 20231, down 59 points and Nifty is at 6092, down 4 points from the previous close. The BSE Smallcap index and CNX Midcap index are both trading strongly, up nearly 1.5%, BSE Realty Index and BSE Metal Index are both up by nearly 1.6% and BSE IT Index is down 2%. The market breadth is positive with advances at 834 against declines of 372 on the NSE.
The market has opened slightly lower Wednesday, but key indices holding on to the significant levels. The The Sensex is currently at 20,135, down 154 points from the previous close. Nifty is at 6016, down 80 points.
The Television Eighteen India board has approved the acquisition of at least 53% stake in Infomedia India from ICICI Venture managed fund. TV18 is currently trading at Rs 499.95, up 3.1% and Infomedia is at Rs 292, up a whopping 13%, on the BSE.
The Television Eighteen India board has approved the acquisition of at least 53% stake in Infomedia India from ICICI Venture managed fund. TV18 is currently trading at Rs 499.95, up 3.1% and Infomedia is at Rs 292, up a whopping 13%, on the BSE.
Monday, December 10, 2007
It was a quiet day at the market that closed in the negative today. Sensex closed at 19,930, down 35 points and Nifty is at 5960, down 13 points from the previous close. The BSE Smallcaps closed up 1.7% and the CNX Midcaps closed up 0.9%. The market breadth was positive with advances at 808 against declines of 406 on the NSE. The NSE gainers include GAIL, Hindustan Petroleum, Unitech, Suzlon and Infosys while losers include VSNL, HCL Technologies, BHEL, TCS and Cipla.
The entire IT sector is attractive right now and one can buy good stocks at these levels as the sector is likely to witness a bounce back. In this pace, Zensar Technologies will see good appreciation in the short and long term, says Rajan Shah of Angel Broking on CNBC TV18. Zensar Technologies is currently trading at Rs 191, up 2.7% on the BSE.
The entire IT sector is attractive right now and one can buy good stocks at these levels as the sector is likely to witness a bounce back. In this pace, Zensar Technologies will see good appreciation in the short and long term, says Rajan Shah of Angel Broking on CNBC TV18. Zensar Technologies is currently trading at Rs 191, up 2.7% on the BSE.
The market is trading lower now. The Sensex is at 19,918, down 47 points form the previous close. Nifty is at 5939, down 34 points. BSE Midcap and Smallcap indices are up 0.8% and 1.3% respectively. Market breadth is positive, with 781 advances against 403 declines on the NSE. Banking and realty stocks seem to be in demand.
DLF has a short to medium term target of Rs 1,250, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. In the longer term, the stock can go up to Rs 1,500-1,700, he adds. The stock is currently trading at Rs 1,016.95, up 0.6% on the BSE.
Growth in India is strong, and there is no case for the RBI to cut rates in the near term, says Rajeev Malik of JP Morgan Chase Bank, on CNBC-TV18. Fuel price hike is expected, but inflation is unlikely to rise above 5%, he adds. He sees dollar-rupee estimates at 38 by the middle of next year.
DLF has a short to medium term target of Rs 1,250, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. In the longer term, the stock can go up to Rs 1,500-1,700, he adds. The stock is currently trading at Rs 1,016.95, up 0.6% on the BSE.
Growth in India is strong, and there is no case for the RBI to cut rates in the near term, says Rajeev Malik of JP Morgan Chase Bank, on CNBC-TV18. Fuel price hike is expected, but inflation is unlikely to rise above 5%, he adds. He sees dollar-rupee estimates at 38 by the middle of next year.
The market has opened slightly higher on Monday. The Sensex is at 20,064, up 98 points form the previous close. Nifty is at 5977, up 3 points.
If the Nifty falls to 5850 or so, one can use this as an opportunity to go long on the Nifty futures, says E Mathews, technical analyst, on CNBC-TV18.
Suzlon can go upto Rs 2,450, says Deven Shah, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1,985, up 2.6% on the BSE.
Telecom stocks are in the last leg of the rally and therefore, use it to book profits, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The growth in this sector will flatten out soon, he adds. But if you still want to be invested in this sector, then Reliance Communications looks good
If the Nifty falls to 5850 or so, one can use this as an opportunity to go long on the Nifty futures, says E Mathews, technical analyst, on CNBC-TV18.
Suzlon can go upto Rs 2,450, says Deven Shah, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1,985, up 2.6% on the BSE.
Telecom stocks are in the last leg of the rally and therefore, use it to book profits, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The growth in this sector will flatten out soon, he adds. But if you still want to be invested in this sector, then Reliance Communications looks good
Sunday, December 9, 2007
The Asian markets opened strong but closed weak. The European markets were trading in the positive. But it was a very volatile day on the Indian market with big intra-day swings. Sensex closed at 19966, up 170 points and Nifty at 5974, up 19 points from the previous close. The BSE Midcaps and BSE Smallcaps Index both closed in the negative. The BSE IT Index was up 3.5% and BSE Technology Index and BSE Bankex Index were both up 2%. The market breadth was negative with advances at 543 against declines of 672 on the NSE. The NSE gainers included Infosys, HDFC, ICICI Bank, TCS and HCL Technologies while losers included Hindustan Petroleum, Hindalco, ITC, SAIL and BHEL.
It is natural for the market to see volatility with Nifty trying to cross 6000 and Sensex 20000, says Vineet Birla of Pranav Securities, on NDTV Profit. Next week, the market could see a breakout after the US Federal rate cut and the Sensex could touch 21000 and Nifty 6200.
It is natural for the market to see volatility with Nifty trying to cross 6000 and Sensex 20000, says Vineet Birla of Pranav Securities, on NDTV Profit. Next week, the market could see a breakout after the US Federal rate cut and the Sensex could touch 21000 and Nifty 6200.
Friday, December 7, 2007
The market turns volatile. Sensex slipped into the negative and is back in the positive, trading at 19803, up 7 points and Nifty at 5923, down 31 points from the previous close. The market breadth has turned negative with advances at 452 against declines of 755 on the NSE.
GMR Infra to invest Rs 30,000-Rs 40,000 crore by 2010, says A Subba Rao, CFO of the company, on CNBC TV18. GMR Infra to raise Rs 4000 crore via FCBs, money market instruments for Delhi Airport Project, he adds. GMR Energy has 2800 MW plant under development, he says. The stock is currently trading at Rs 246, down 4.4% on the BSE.
Sharekhan has a target price of Rs 4800 for Madras Cement, reports CNBC TV18. The stock is currently trading at Rs 4653, up 4.3% on the BSE.
GMR Infra to invest Rs 30,000-Rs 40,000 crore by 2010, says A Subba Rao, CFO of the company, on CNBC TV18. GMR Infra to raise Rs 4000 crore via FCBs, money market instruments for Delhi Airport Project, he adds. GMR Energy has 2800 MW plant under development, he says. The stock is currently trading at Rs 246, down 4.4% on the BSE.
Sharekhan has a target price of Rs 4800 for Madras Cement, reports CNBC TV18. The stock is currently trading at Rs 4653, up 4.3% on the BSE.
The market has given up most of its earlier gains. The Sensex is currently trading at 19,893, up 97 points from the previous close. Nifty is at 5965, up 10 points. Banking stocks are in demand, with the BSE Bankex up almost 1%. Other sectoral indices are witnessing slight selling pressure.
DCB looks strong on the charts, says Anu Jain, technical advisor, on CNBC Awaaz. Once it crosses its earlier high of Rs 160, it can go up to Rs 187, she says. So if you hold the stock, then stay invested.
Syndicate Bank looks good on the charts and has a target price of Rs 145, says Anu Jain, technical advisor, on CNBC Awaaz. In fact, it can be accumulated at Rs 104, she adds. The stock certainly has more headroom and should be added on dips, she says. the stock is currently trading at Rs 116.50 on the BSE.
DCB looks strong on the charts, says Anu Jain, technical advisor, on CNBC Awaaz. Once it crosses its earlier high of Rs 160, it can go up to Rs 187, she says. So if you hold the stock, then stay invested.
Syndicate Bank looks good on the charts and has a target price of Rs 145, says Anu Jain, technical advisor, on CNBC Awaaz. In fact, it can be accumulated at Rs 104, she adds. The stock certainly has more headroom and should be added on dips, she says. the stock is currently trading at Rs 116.50 on the BSE.
The key level to watch on the Sensex is 20,000, says Laurence Balanco of CLSA Technicals, on CNBC-TV18. The Sensex needs to hold above 20,000 to see any follow-up buying, he explains. In case of a breakout, another 1,500-point gain is seen for the Sensex. And in case of Nifty, in case of a breakout, it can go up to 6600.
Nicholas Piramal looks strong on the charts for a target price of Rs 450, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 327.95, up 1.4% on the BSE.
Nicholas Piramal looks strong on the charts for a target price of Rs 450, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 327.95, up 1.4% on the BSE.
The market has opened higher on Friday. Within minutes of opening, the Nifty moved above 6000 and touched an all-time high of 6042. The 50-share index is currently at 6006, up 52 points form the previous close. The Sensex is at 19,999, up 203 points.
If UTV can close above Rs 820 for two more trading sessions, then its immediate target would be Rs 950-980, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock soared 8.7% to close at Rs 872.60 on the BSE yesterday.
The market is likely to remain volatile and therefore some caution is advised in largecaps, says Pashupati Advani of Advani OTC Dealers, on CNBC-TV18. You can buy REL and Sterlite Industries at current levels
If UTV can close above Rs 820 for two more trading sessions, then its immediate target would be Rs 950-980, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock soared 8.7% to close at Rs 872.60 on the BSE yesterday.
The market is likely to remain volatile and therefore some caution is advised in largecaps, says Pashupati Advani of Advani OTC Dealers, on CNBC-TV18. You can buy REL and Sterlite Industries at current levels
Thursday, December 6, 2007
The market ends on a flat note. Sensex closed at 19,817 up 79 points (provisional) and Nifty at 5960 up 20 points (provisional) from the previous close. The BSE Midcap closed in the negative and BSE Smallcaps in the positive. The market breadth was just about positive with advances at 683 against declines of 538 on the NSE.
In the midcaps the steel stocks Ispat and Visa Steel seem overbooked, says E Mathew, technical analyst, on CNBC TV18. Visa Steel could even go down to Rs 42-44, don't exit the stock but book partial profits, he adds. The stock is currently trading at Rs 55, down 0.5% on the BSE.
Today's closing unlikely to change the direction of the market that is positive, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The market is expected to scale up and the laggards are catching up, he adds. Sound fertiliser and media stocks can be accumulated on dips
In the midcaps the steel stocks Ispat and Visa Steel seem overbooked, says E Mathew, technical analyst, on CNBC TV18. Visa Steel could even go down to Rs 42-44, don't exit the stock but book partial profits, he adds. The stock is currently trading at Rs 55, down 0.5% on the BSE.
Today's closing unlikely to change the direction of the market that is positive, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The market is expected to scale up and the laggards are catching up, he adds. Sound fertiliser and media stocks can be accumulated on dips
The Sensex is currently trading at 19,943, up 205 points from the previous close. Nifty is at 6000, up 60 points. BSE Midcap and Smallcap indices are up 1.1% and 1.7% respectively. All BSE sectoral indices are trading higher, except the BSE Consumer Durables index. Banking, realty and metal stocks seem to be in demand.
Ispat Industries has a near term target of Rs 85-88, says Shrikanth Chauhan, technical analyst with Kotak Securities, on NDTV Profit. The stock is currently trading at Rs 73.30, up over 7% on the BSE.
FDC can go up to Rs 43-44, where it may face a strong resistance, says Rahul Mohindar, technical analyst, on CNBC Awaaz. So do not invest in this stock with a long term view, he suggests. It is currently trading at Rs 40.75, up 9.3% on the BSE.
Ispat Industries has a near term target of Rs 85-88, says Shrikanth Chauhan, technical analyst with Kotak Securities, on NDTV Profit. The stock is currently trading at Rs 73.30, up over 7% on the BSE.
FDC can go up to Rs 43-44, where it may face a strong resistance, says Rahul Mohindar, technical analyst, on CNBC Awaaz. So do not invest in this stock with a long term view, he suggests. It is currently trading at Rs 40.75, up 9.3% on the BSE.
Asia opened in positive and the Indian market opened very strong. Nifty immediately crossed 6000 and Sensex 20000. The Sensex is trading at 20007, up 269 points and Nifty at 6015, up 75 points from the previous close. A handsome start to the midcap space. The market breadth is strong with 894 advances against 80 declines on the NSE.
Even at these levels, you can look at Siemens, CESC, BHEL, Network 18 and even Info Edge, says Shrikanth Chauhan, technical analyst with Kotak Securities, on NDTV Profit. The brokerage is also bullish on real estate stocks like Omaxe and Indiabulls Real Estate
Even at these levels, you can look at Siemens, CESC, BHEL, Network 18 and even Info Edge, says Shrikanth Chauhan, technical analyst with Kotak Securities, on NDTV Profit. The brokerage is also bullish on real estate stocks like Omaxe and Indiabulls Real Estate
Wednesday, December 5, 2007
Top Five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + Ispat Industries | 68.30 | +24.75 |
| + FDC Ltd. | 37.30 | +19.94 |
| + HMT Ltd. | 100.25 | +9.98 |
| + Syndicate Bank | 120.25 | +9.92 |
| + Tata Elxsi Ltd. | 284.30 | +9.87 |
Top Five Loser's
| + Colgate Palm. | 382.15 | -6.87 |
| + Rolta India | 705.55 | -4.09 |
| + MICO | 5,230.45 | -3.83 |
| + Chambal Fertilis | 79.50 | -3.81 |
| + Godrej Consumer Prod | 145.30 | -3.39 |
It was an impressive closing for the market today. The Sensex closed at 19738, up 208 points and Nifty at 5940 up 81 points from the previous close. The CNX Midcap was up 1.6% and BSE Smallcaps was up 2.9%. The market breadth was strong with 963 advances against declines of 256 on the NSE. The major NSE gainers included GAIL, ONGC, NTPC and Tata Motors while losers included VSNL, Infosys, Tata Steel and Grasim.
The market may see new highs after December 11 when the US Federal government may cut rates by 25 bps, says Sajiv Dhawan of JV Financial, on CNBC TV18. There may be some unwinding or profit booking,
Ispat has touched its target of Rs 67 today and its next target is Rs 79-82 and if it crosses that then it can go up to Rs 90, says Rajat Bose, technical analyst, on CNBC-TV18. The stock is trading at Rs 67, up 23% on the BSE.
The market may see new highs after December 11 when the US Federal government may cut rates by 25 bps, says Sajiv Dhawan of JV Financial, on CNBC TV18. There may be some unwinding or profit booking,
Ispat has touched its target of Rs 67 today and its next target is Rs 79-82 and if it crosses that then it can go up to Rs 90, says Rajat Bose, technical analyst, on CNBC-TV18. The stock is trading at Rs 67, up 23% on the BSE.
The Asian markets began the day in the negative but closed higher. European markets are trading in the positive. Taking global cues, the Indian market is also trading firm. The Sensex is at 19731, up 201 points and Nifty is at 5935 up 78 points from the previous close. The CNX Midcap is up 1.6%, BSE Smallcaps is up 3%, BSE Oil& Gas and BSE Consumer Durable Index is up 2.5%. The market breadth is strong with 957 advances against declines of 254 on the NSE.
Nile Ltd. is a long-term story with excellent returns, says Ketan Karani of Kotak Securities, on CNBC TV18. The stock is trading at Rs 248, up 4% on the BSE.
Nile Ltd. is a long-term story with excellent returns, says Ketan Karani of Kotak Securities, on CNBC TV18. The stock is trading at Rs 248, up 4% on the BSE.
The market is still trading higher, though off the day's highs. Sensex is at 19,627, up 98 points from the previous close. Nifty is finding it a little difficult to hold on to the 5900 level and is at 5897, up 38 points. The NSE 50-share index had touched an intra-day high of 5916 in trade so far.
Pearl Global can go up to Rs 130-140, so if you hold the stock, then stay invested, says MB Singh, techncial analyst, on NDTV Profit. You can book profits here, he adds. It is currently trading at Rs 110.60, up 10% on the BSE.
Pearl Global can go up to Rs 130-140, so if you hold the stock, then stay invested, says MB Singh, techncial analyst, on NDTV Profit. You can book profits here, he adds. It is currently trading at Rs 110.60, up 10% on the BSE.
The market may see a flat start, but an early recovery is possible, says an NDTV Profit Poll.Slight selling is possible in the second half of the trade. Stocks to watch today are JP Associates , ICICI Bank and ION Exchange.
The market has opened slightly higher on Wednesday, in sync with global cues. The Sensex is currently trading at 19,628, up 99 points from the previous close. Nifty is at 5877, up 19 points.
Smallcaps and midcaps continue to put up a good show. The BSE Smallcap index is up over 2%, while the BSE Midcap index is up 1.5% currently. CNX Midcap index is also up 1.5%. Some of the major moves in the smallcaps space is from Apar Industries (up over 19%), Jindal South (up 10%) and PNB Gilts (up almost 10%).
Aegis Logistics has a good long term pattern on the charts, says Sandeep Wagle of Angel Broking, on NDTV Profit. If it breaks Rs 321 and closes above it, then in another 3-6 months it can go up to Rs 450-500, he adds. The stock is currently trading at Rs 317, up 5.6% on the BSE.
The market has opened slightly higher on Wednesday, in sync with global cues. The Sensex is currently trading at 19,628, up 99 points from the previous close. Nifty is at 5877, up 19 points.
Smallcaps and midcaps continue to put up a good show. The BSE Smallcap index is up over 2%, while the BSE Midcap index is up 1.5% currently. CNX Midcap index is also up 1.5%. Some of the major moves in the smallcaps space is from Apar Industries (up over 19%), Jindal South (up 10%) and PNB Gilts (up almost 10%).
Aegis Logistics has a good long term pattern on the charts, says Sandeep Wagle of Angel Broking, on NDTV Profit. If it breaks Rs 321 and closes above it, then in another 3-6 months it can go up to Rs 450-500, he adds. The stock is currently trading at Rs 317, up 5.6% on the BSE.
Top Five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + Chambal Fertilis | 82.65 | +18.58 |
| + MICO | 5,438.55 | +16.92 |
| + Godrej Consumer Prod | 150.40 | +14.29 |
| + Ingersoll Rand | 355.30 | +13.64 |
| + Maha. Seamless | 574.10 | +12.37 |
Top Five Loser's
| + Chambal Fertilis | 82.65 | +18.58 |
| + MICO | 5,438.55 | +16.92 |
| + Godrej Consumer Prod | 150.40 | +14.29 |
| + Ingersoll Rand | 355.30 | +13.64 |
| + Maha. Seamless | 574.10 | +12.37 |
The European markets were trading in the negative while the Indian market closed slightly weak. The Sensex closed at 19529, down 73 points and Nifty at 5858, down 6 points from the previous close. But it was the CNX Midcaps and Smallcaps that had a good day and both closed up over 1.5%. The BSE Consumer Durables Index was up 6%, BSE Metal Index up 3.2%, BSE Capital Goods up 1.7% and BSE Auto Index up 1.6% while BSE Bankex Index was down 0.63%. The market breadth was positive with advances at 783 against declines of 421 on the NSE. Top NSE gainers included SAIL, Tata Steel, Tata Power and GAIL while losers included Reliance Energy, VSNL, Unitech and RPL.
Nifty has strong support at 5750 on the downside and 5950 on the upside, says Rahul Mohinder, technical analyst, on CNBC TV18. The market seems to be in a consolidation stage and will see a slow and steady buildup with newer highs in January, he says. The undertone remains bullish and the market may see another roundup of good midcap performances
Nifty has strong support at 5750 on the downside and 5950 on the upside, says Rahul Mohinder, technical analyst, on CNBC TV18. The market seems to be in a consolidation stage and will see a slow and steady buildup with newer highs in January, he says. The undertone remains bullish and the market may see another roundup of good midcap performances
Tuesday, December 4, 2007
The market looks range bound. Sensex is at 19,592, down 11 points and Nifty is at 5865, trading flat from the previous close. The BSE Midcaps Index continues to trade strong, up 1.4% and BSE Smallcaps Index is also up 1.6%. The market breath is strong with advances at 865 against declines of 325.
The market to remain robust in December and IPOs fuelling domestic demand, says Anand Tandon of Gryffon Investment Advisors, on CNBC TV18.
Pearl Global signs agreement with DLF Retail, says Deepak Seth, MD of the company, on NDTV Profit. DLF to commercially develop the 9.2 acres new project on NH8 in Gurgaon, he adds. Pearl Global is trading at Rs 99, up 19.3% on the BSE.
The market to remain robust in December and IPOs fuelling domestic demand, says Anand Tandon of Gryffon Investment Advisors, on CNBC TV18.
Pearl Global signs agreement with DLF Retail, says Deepak Seth, MD of the company, on NDTV Profit. DLF to commercially develop the 9.2 acres new project on NH8 in Gurgaon, he adds. Pearl Global is trading at Rs 99, up 19.3% on the BSE.
The Sensex has fallen into the negative terrain nand is down 24 points at 19, 578. Nifty is at 5856, down 8 points from the previous close. But market breadth is still positive with advances at 760 and declines at 376 on the NSE. Some selling is creeping in the banking and IT sectors.
IFCI now has a target price of Rs 135, says Deven Shah, technical analyst, on NDTV Profit. It has support at Rs 102-105 now, he adds. The stock is currently trading at Rs 107.40, up 0.6% on the BSE.
IFCI now has a target price of Rs 135, says Deven Shah, technical analyst, on NDTV Profit. It has support at Rs 102-105 now, he adds. The stock is currently trading at Rs 107.40, up 0.6% on the BSE.
Expect a slow start to the trading day today, says an NDTV Profit Poll. The Nifty range is expected to be 5827-5925. Buying is expected to come into the market in the second half. Stocks to watch today are RNRL, GMR Infrastructure and Dish TV.
The market has opened slightly higher on Tuesday. The Sensex is currently at 19,676, up 72 points from the previous close. Nifty is at 5889, up 24 points
The market has opened slightly higher on Tuesday. The Sensex is currently at 19,676, up 72 points from the previous close. Nifty is at 5889, up 24 points
Monday, December 3, 2007
Top Five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + Chambal Fertilis | 69.70 | +11.52 |
| + Reliance Energy Ltd. | 1,900.15 | +9.32 |
| + Tata Power Co. | 1,262.85 | +7.72 |
| + Rashtriya Chem&Fert. | 80.55 | +7.40 |
| + Wipro Ltd | 493.40 | +7.19 |
Top Five Loser's
| + Colgate Palm. | 382.15 | -6.87 |
| + HCL Technologies | 310.20 | -3.14 |
| + GlaxoSmithKlineConsu | 698.70 | -2.71 |
| + ICI India | 562.85 | -2.49 |
| + Hero Honda Motor | 705.30 | -2.41 |
The market had a good day today; trading in the positive terrain throughout the day and closing on a strong note. The Sensex ended the day at 19,603, up 240 points from the previous close. Nifty shut shop at 5865, up 102 points. Midcaps and smallcaps had a great day too, with the CNX Midcap index touching an all-time high. BSE Midcap and Smallcap indices too closed over 2.4% each. Top Sensex gainers included Reliance Energy, Wipro and Reliance Communications, while losers included ICICI Bank, Bharti Airtel and HDFC.
If the Nifty closes above 5863, then you can look at the next level close to all time highs; 5975-6012, says Anil Maghnani, technical analyst, on CNBC-TV18. For the Sensex, the next breakout level can be 19,744.
The next trading target for Essar Oil is close to Rs 340, says Anil Maghnani, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 293.80, up a whopping 21% on the BSE.
If the Nifty closes above 5863, then you can look at the next level close to all time highs; 5975-6012, says Anil Maghnani, technical analyst, on CNBC-TV18. For the Sensex, the next breakout level can be 19,744.
The next trading target for Essar Oil is close to Rs 340, says Anil Maghnani, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 293.80, up a whopping 21% on the BSE.
The Sensex is curently at 19,564, up 201 points from the previous close. Nifty is at 5856, up 93 points. BSE Midcap and Smallcap indices are up over 2.2% each. Metal, oil & gas and capital goods stocks are the most popular.
SEBI has removed structural curbs on corporate bond maturity, put-call, reports CNBC-TV18. It has also eased rules on credit rating for corporate bond issuance. It has also amended debt-issuance guidelines for Indian companies. Companies below investment grade rating can now issue bonds to the public.
If the Nifty closes above 5850-5855, then it will be a positive sign, says Gaurang Shah of Geojit Financial Services, on Zee Business. But the upside also seems to be restricted as selling might come in at higher levels, he says. He therefore suggests that short term investors book their profits on the upside.
SEBI has removed structural curbs on corporate bond maturity, put-call, reports CNBC-TV18. It has also eased rules on credit rating for corporate bond issuance. It has also amended debt-issuance guidelines for Indian companies. Companies below investment grade rating can now issue bonds to the public.
If the Nifty closes above 5850-5855, then it will be a positive sign, says Gaurang Shah of Geojit Financial Services, on Zee Business. But the upside also seems to be restricted as selling might come in at higher levels, he says. He therefore suggests that short term investors book their profits on the upside.
The market is holding on to its gains, though slightly off the day's lows. Sensex is currently at 19,556, up 193 points and the Nifty is at 5853, up 91 points from the previous close. Market breadth is strong, with 994 advances against 197 declines on the NSE.
If Arvind Mills can cross Rs 78-80 with huge volumes, then Rs 85-87 is possible, says Vijay Bhambwani, technical analyst, on CNBC-TV18. He recommends exiting the counter at higher levels.
If Arvind Mills can cross Rs 78-80 with huge volumes, then Rs 85-87 is possible, says Vijay Bhambwani, technical analyst, on CNBC-TV18. He recommends exiting the counter at higher levels.
This is still a bull market and it is unrealistic to expect a 30% correction, says Shankar Sharma, VC and Joint MD, First Global, on CNBC-TV18. But if global equities suffer, then India will not be isolated, he adds. The Indian market may stay sideways for sometime, but will lead the global equities rally, he says. It may also re-test new highs before month-end
The going is still strong for the market! Sensex is currently at 19,569, up 205 points from the previous close. Nifty is at 5852, up 89 points. The BSE Midcap and Smallcap indices are up over 2% each. All BSE sectoral indices are trading in the positive terrain, with metals, oil & gas and capital goods sectors leading.
The going is still strong for the market! Sensex is currently at 19,569, up 205 points from the previous close. Nifty is at 5852, up 89 points. The BSE Midcap and Smallcap indices are up over 2% each. All BSE sectoral indices are trading in the positive terrain, with metals, oil & gas and capital goods sectors leading.
The market has opened slightly higher on Monday. The Nifty is currently at 5818, up 55 points from the previous close. The Sensex is at 19,529, up 166 points. Reliance Energy is up 5%, on the news that the company has decided to make a Rs 8,000-crore preferential issue allotment of equity shares to its promoters and long-term institutional investors. IFCI is also up 4.5%.
After Rs 104-105, IFCI can go to Rs 111 and beyond that, to Rs 127-130, says Rajat Bose, technical analyst, on CNBC-TV18. It should not fall below Rs 92 now, he adds. The stock is up 5.6% today, on the news that the company is offering up to 20% to IFC, before the stake sale. International Finance Corporation (IFC) is the multilateral institution and the investment arm of World Bank.
After Rs 104-105, IFCI can go to Rs 111 and beyond that, to Rs 127-130, says Rajat Bose, technical analyst, on CNBC-TV18. It should not fall below Rs 92 now, he adds. The stock is up 5.6% today, on the news that the company is offering up to 20% to IFC, before the stake sale. International Finance Corporation (IFC) is the multilateral institution and the investment arm of World Bank.
Sunday, December 2, 2007
Cabinet has approved SBI rights issue. Priya Ranjan Das Munshi, Parliamentary Affairs Minister said that the SBI rights issue modalities are subject to SEBI guidelines. Government will issue bonds to SBI for subscribing to the rights issue and will invest Rs 10,000 crore in the issue.
SBI will likely raise a total of Rs 17,000-18,000 crore via rights. They will be at 20-25% discount to CMP, according to MoF sources.
“The Union Cabinet gave its approval for enhancing the capital of SBI, by subscribing to the rights issue of the equity share of the state of India, amounting to around Rs10,000 crore, against issue of SLR marketable government security. It will create a Securities Redemption Fund for redeeming these securities on the due date. The actual number of shares to be subscribed, coupon rate and tenure of the securities have been worked out with the government, in consultation with the bank. Sebi guidelines, market factors and other relevant factors were kept in mind,” said Priya Ranjan Dasmunsi, Parliamentary Affairs Minister.
SBI will likely raise a total of Rs 17,000-18,000 crore via rights. They will be at 20-25% discount to CMP, according to MoF sources.
“The Union Cabinet gave its approval for enhancing the capital of SBI, by subscribing to the rights issue of the equity share of the state of India, amounting to around Rs10,000 crore, against issue of SLR marketable government security. It will create a Securities Redemption Fund for redeeming these securities on the due date. The actual number of shares to be subscribed, coupon rate and tenure of the securities have been worked out with the government, in consultation with the bank. Sebi guidelines, market factors and other relevant factors were kept in mind,” said Priya Ranjan Dasmunsi, Parliamentary Affairs Minister.
Friday, November 30, 2007
Top Five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + Sterlite Indus. | 1,034.75 | +12.58 |
| + Videsh Sanchar N | 626.60 | +12.14 |
| + Neyveli Lignite | 235.55 | +12.09 |
| + Shipping Corpn. | 267.45 | +10.70 |
| + Rashtriya Chem&Fert. | 75.00 | +9.97 |
Top Five Loser's
| + Colgate Palm. | 382.15 | -6.87 |
| + Orchid Chem & Ph | 257.40 | -3.78 |
| + GlaxoSmithKline Phar | 947.85 | -3.45 |
| + Hind. Petrol | 273.10 | -3.04 |
| + FDC Ltd. | 30.50 | -2.56 |
Positive global cues and good Indian economic figures kicked off the December series on a strong footing. The Sensex closed at 19363, up 359 points while Nifty closed at 5762, up 128 points from the previous close. The BSE Midcaps Index was up 2.2% and BSE Smallcaps Index up 1.3% and all the other sectoral indices were also in the positive with big gains. The market breadth closed positive with advances at 815 against declines of 378 on the NSE.
The market saw some volatility and consolidation during the week. The weekly figures are: Sensex and Nifty up 2.5%, BSE Midcaps up 4.8%, BSE Smallcaps up 3.4%, BSE Realty up 8%, BSE Bankex up 4.6%, BSE Metals up 7%, BSE Capital Goods and BSE IT both up 5% and BSE Auto Index up 4%
The market saw some volatility and consolidation during the week. The weekly figures are: Sensex and Nifty up 2.5%, BSE Midcaps up 4.8%, BSE Smallcaps up 3.4%, BSE Realty up 8%, BSE Bankex up 4.6%, BSE Metals up 7%, BSE Capital Goods and BSE IT both up 5% and BSE Auto Index up 4%
The European markets opened in the positive and Asia was trading weak. Again the Indian market is outperforming its global peers. The Sensex is up nearly 400 points and the Nifty 150 points. The Sensex is at 19397, up 393 points while Nifty is at 5770, up 135 points from the previous close. The market breadth is positive with advances at 818 against declines of 366 on the NSE.
The market continues to hold on to its gains. The Sensex is at 19286, up 283 points while Nifty is at 5740, up 105 points from the previous close. The market breadth is positive with advances at 811 against declines of 366 on the NSE.
GAIL has capex plans of Rs 30,000 crore over the next 5 years, says Dr UD Choubey, CMD of the company. GAIL has entered into an MoU with RIL and ONGC for gas transfer. The company expects a turnover of Rs 5000 crore from Panna, Mukta and Tapti fiels, he adds. The stock is currently trading at Rs 427, up 2.1% on the BSE.
Cement price hike is likely as post monsoon demand for cement goes up, reports NDTV Profit. Cement prices are likely to be raised to Rs 5/bag. The BSE Realty Index is up 3.24%. India Cements is up 4.5%, trading at Rs 295 and Prism Cement is up 0.3%, at Rs 60 on the BSE.
GAIL has capex plans of Rs 30,000 crore over the next 5 years, says Dr UD Choubey, CMD of the company. GAIL has entered into an MoU with RIL and ONGC for gas transfer. The company expects a turnover of Rs 5000 crore from Panna, Mukta and Tapti fiels, he adds. The stock is currently trading at Rs 427, up 2.1% on the BSE.
Cement price hike is likely as post monsoon demand for cement goes up, reports NDTV Profit. Cement prices are likely to be raised to Rs 5/bag. The BSE Realty Index is up 3.24%. India Cements is up 4.5%, trading at Rs 295 and Prism Cement is up 0.3%, at Rs 60 on the BSE.
The Asian markets opened in the positive. The Shanghai Index is witnessing pressure and trading in the negative, down 2.5%. The Indian market is trading strong. The Sensex is currently trading at 19367, up 364 points while Nifty is at 5770, up 135 points from the previous close. The BSE Midcaps Index is very strong, up 3%. The market breadth is strong with advances at 849 against declines of 341 on the NSE.
RPL can go up to Rs 500 in the coming 2-3 years, says Ashu Kakkar, technical analyst, on NDTV Profit. But for the time being, it is expected to remain rangebound between Rs 160 and Rs 230
HDFC will be able to sustain 25% growth over the next few years, says Keki Mistry, CFO of the company, on CNBC TV18. Interest rates will be softer in the next 3-6 months, he says. The average value of a loan is Rs 12 lakh and almost 95% of loans are for end users, he adds. The stock is currently trading at Rs 2789, up 3% on the BSE. Keki Mistry was awarded the Best Performing CFO in the Financial Services.
RPL can go up to Rs 500 in the coming 2-3 years, says Ashu Kakkar, technical analyst, on NDTV Profit. But for the time being, it is expected to remain rangebound between Rs 160 and Rs 230
HDFC will be able to sustain 25% growth over the next few years, says Keki Mistry, CFO of the company, on CNBC TV18. Interest rates will be softer in the next 3-6 months, he says. The average value of a loan is Rs 12 lakh and almost 95% of loans are for end users, he adds. The stock is currently trading at Rs 2789, up 3% on the BSE. Keki Mistry was awarded the Best Performing CFO in the Financial Services.
The market is adding to its gains. The Sensex is up 312 points from the previous close, at 19,316. Nifty is at 5754, up 120 points. Market breadth is firm. Top Sensex gainers include DLF, Reliance Energy and HDFC Bank, while losers include Ambuja Cements, HUL and Bajaj Auto.
As long as the Nifty stays above 5700, it is good for the markets, says Anu Jain, technical advisor, on CNBC-TV18. The more the Nifty consolidates between 5700 and 5770, the better, she adds. But if it falls below 5700, then the market could see further weakness.
As long as the Nifty stays above 5700, it is good for the markets, says Anu Jain, technical advisor, on CNBC-TV18. The more the Nifty consolidates between 5700 and 5770, the better, she adds. But if it falls below 5700, then the market could see further weakness.
The first half of calendar year 2008 is expected to be weak for the Indian market and that will be a good time to buy, says Girish Pai of ICICI Securities, on CNBC-TV18. Slower US growth and higher risk aversion is expected and therefore more money will flow into emerging markets and even India, of course, he explains. The market may see about 15% correction from 20,000 levels
The market needs to consolidate in the 18,000-20,000 range, says Falguni Nayar of Kotak Mahindra Capital, on CNBC-TV18. The overall view on the market for now is flattish, she adds. There have been net FII outflows on the P-notes issue, but domestic fund flows have been higher, which have been driving the current performance
The market needs to consolidate in the 18,000-20,000 range, says Falguni Nayar of Kotak Mahindra Capital, on CNBC-TV18. The overall view on the market for now is flattish, she adds. There have been net FII outflows on the P-notes issue, but domestic fund flows have been higher, which have been driving the current performance
The market is holding on to its gains. Sensex is at 19,196, up 193 points from the previous close. Nifty is at 5717, up 82 points. The BSE Midcap and Smallcap indices are up 1.6% and 1% respectively. All BSE sectoral indices are trading higher, with metal and realty stocks witnessing maximum demand.
DLF is certainly a hold for the long term, irrespective of whether real estate prices go up or down, says Shahina Mukadum of IDBI Capital, on CNBC-TV18. If real estate prices rise, the company benefits, but even if it falls, the company adds to its land bank, she explains. So it benefits both ways. The company also has space where slightly softer margins can be absorbed, she says. If you have a three-year perspective, it is a good buy at current levels.
DLF is certainly a hold for the long term, irrespective of whether real estate prices go up or down, says Shahina Mukadum of IDBI Capital, on CNBC-TV18. If real estate prices rise, the company benefits, but even if it falls, the company adds to its land bank, she explains. So it benefits both ways. The company also has space where slightly softer margins can be absorbed, she says. If you have a three-year perspective, it is a good buy at current levels.
The Sensex may touch 25,500 by December 2008, says Girish Pai of ICICI Securities, on CNBC-TV18. So the brokerage is bullish on the market with a year's perspective, he adds. The Sensex target is based on 21 times one-year forward PE, he explains. The brokerage also expects earnings growth and PE multiple expansion, he says. The Sensex may trade in rhe range of 17,000-26,000 over the next one year.
GDP for Q2 has been recorded at 8.9% versus 10.2%, YoY, reports CNBC-TV18. Q2 Manufacturing growth is at 8.6% versus 12.7%, YoY. Q2 Industry growth is at 9.1% versus 11.3%, YoY. Farm growth is at 3.6% versus 2.9% and Mining growth is at 7.7% versus 3.9%, YoY. Construction growth is unchanged at 11.1%.
GDP for Q2 has been recorded at 8.9% versus 10.2%, YoY, reports CNBC-TV18. Q2 Manufacturing growth is at 8.6% versus 12.7%, YoY. Q2 Industry growth is at 9.1% versus 11.3%, YoY. Farm growth is at 3.6% versus 2.9% and Mining growth is at 7.7% versus 3.9%, YoY. Construction growth is unchanged at 11.1%.
The market has opened on the higher side on Friday. Sensex is at 19,171, up 168 points from the previous close. Nifty is at 5698, up 63 points.
UTV has cleared that the news report about Walt Disney is eyeing the management control is speculative, reports CNBC-TV18. The news is incorrect and baseless, the management said. But the company is in advanced talks for strategic, financial investors in broadcasting venture, they said. The stock is currently trading at Rs 823, up 2.8% on the BSE.
UTV has cleared that the news report about Walt Disney is eyeing the management control is speculative, reports CNBC-TV18. The news is incorrect and baseless, the management said. But the company is in advanced talks for strategic, financial investors in broadcasting venture, they said. The stock is currently trading at Rs 823, up 2.8% on the BSE.
Thursday, November 29, 2007
Top five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + Reliance Petroleum | 215.05 | +11.95 |
| + Ispat Industries | 48.25 | +9.91 |
| + Indian Overseas | 157.65 | +7.43 |
| + IndusInd Bank | 118.55 | +5.28 |
| + Sun TV Network Ltd. | 361.35 | +5.15 |
Top Five Loser's
| + Colgate Palm. | 382.15 | -6.87 |
| + Sterling Biotech Ltd | 151.40 | -6.66 |
| + Hexaware Technologie | 77.50 | -6.00 |
| + Jindal Stainless Ltd | 210.85 | -5.87 |
| + MICO | 4,690.50 | -4.96 |
It was almost a flat closing for the market today. The Sensex closed at 19003, up 64 points while Nifty closed at 5634, up 17 points from the previous close. The BSE Midcaps closed in the negative while the BSE Smallcaps Index was up by just 0.1%. The BSE Bankex was up over 2%, BSE Consumer Durables Index up 1.7%, BSE Oil & Gas Index up 1.1% and BSE Realty Index up 1.5%. The Sensex gainers included RPL, Reliance Industries, HDFC Bank and ICICI Bank while losers included Reliance Communications, Tata Steel, ONGC and Hindalco.
The market is in a consolidation stage and likely to trade in a range of 18,000-20,000 in December, Milind Pradhan of UTI Securities, on CNBC TV18. The Q3 results in the second week of January may be the next trigger for the market after which we may see 20,000.
The market is in a consolidation stage and likely to trade in a range of 18,000-20,000 in December, Milind Pradhan of UTI Securities, on CNBC TV18. The Q3 results in the second week of January may be the next trigger for the market after which we may see 20,000.
The European markets are trading firm, expecting a US Federal rate cut and global banking stocks have rebounded. The Indian market has turned slightly volatile. The Sensex is currently trading at 19010, up 71 points while Nifty is at 5637, up 16 points from the previous close. The BSE Midcaps Index is trading in the negative
Educomp Solutions has launched a new IP system called Millenium System, says Shantanu Prakash, MD of the company, on CNBC TV18. The company has signed an MoU with Raffles System of Singapore. It plans to launch 5-7 schools by June 08, 20-25 schools by June 09, he adds. The stock is currently trading at Rs 3400, up 5.5% on the BSE.
Glaxo SmithKline C is likely to see 25% returns in the next 12 months, says Hitesh Agarwal of Angel Broking, on CNBC TV18. The companyÿs two leading brands, Horlicks and Boost, have maintained market share through innovative marketing strategies. The company is expected to launch newer products with assistane from its global parents. The stock is currently trading at Rs 685, up 0.75% on the BSE.
Educomp Solutions has launched a new IP system called Millenium System, says Shantanu Prakash, MD of the company, on CNBC TV18. The company has signed an MoU with Raffles System of Singapore. It plans to launch 5-7 schools by June 08, 20-25 schools by June 09, he adds. The stock is currently trading at Rs 3400, up 5.5% on the BSE.
Glaxo SmithKline C is likely to see 25% returns in the next 12 months, says Hitesh Agarwal of Angel Broking, on CNBC TV18. The companyÿs two leading brands, Horlicks and Boost, have maintained market share through innovative marketing strategies. The company is expected to launch newer products with assistane from its global parents. The stock is currently trading at Rs 685, up 0.75% on the BSE.
The market is still trading higher, though off the day's highs. Sensex is currently at 19,168, up 227 points from the previous close. Nifty is at 5671, up 54 points. All BSE sectoral indices are trading in the positive terrain. Banking, metal and realty stocks seem to be the most popular.
Global cues are largely being tracked now and this may be the last leg of the bull run, says Anil Singhvi of Notz Stucki, on CNBC-TV18. He expects the Fed to cut interest rates by 25 bps in December. But if it does not, then profit booking might come in, he adds. Key concerns for the Indian market include politics, US & global slowdown and a populist budget.
Global cues are largely being tracked now and this may be the last leg of the bull run, says Anil Singhvi of Notz Stucki, on CNBC-TV18. He expects the Fed to cut interest rates by 25 bps in December. But if it does not, then profit booking might come in, he adds. Key concerns for the Indian market include politics, US & global slowdown and a populist budget.
The market has opened on the higher side Thursday. Nifty is at 5717, up 100 points from the previous close. The Sensex is currently trading at 19,293, up 354 points.
If Mundra Port stabilises around Rs 850, then you can look at buying it for the long term, says Sandeep Shenoy of PINC Research, on CNBC Awaaz. This is a listed port and SEZ company, which is a very good combination.
In the capital goods space, BHEL and L&T look good as investment opportunities, says Rahul Mohindar, technical analyst, on CNBC Awaaz. In fact, BHEL can go over Rs 3,000 in the medium term, he says. It is currently trading at Rs 2,747.90, up 0.9% on the BSE.
In the media space, PVR can appreciate another 30-35% in the medium term, says Rahul Mohindar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 303, up 3.2% on the BSE.
If Mundra Port stabilises around Rs 850, then you can look at buying it for the long term, says Sandeep Shenoy of PINC Research, on CNBC Awaaz. This is a listed port and SEZ company, which is a very good combination.
In the capital goods space, BHEL and L&T look good as investment opportunities, says Rahul Mohindar, technical analyst, on CNBC Awaaz. In fact, BHEL can go over Rs 3,000 in the medium term, he says. It is currently trading at Rs 2,747.90, up 0.9% on the BSE.
In the media space, PVR can appreciate another 30-35% in the medium term, says Rahul Mohindar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 303, up 3.2% on the BSE.
Wednesday, November 28, 2007
Weak global cues depressed Indian markets that closed on a lackluster note. The Sensex closed at 18938, down 188 points while Nifty closed at 5617, down 80 points from the previous close. The BSE Metal Index was down 3% (Tata Steel, Nalco, SAIL were all down), the BSE Oil & Gas Index was down by 2.5%, BSE Bankex was down 1.25% and BSE IT Index was down 1%. The BSE Midcaps and Smallcaps Index both closed in the negative. The NSE gainers included Maruti Suzuki, Bajaj Auto, BHEL and ITC while losers included BPCL, Siemens, Suzlon and ACC.
Nifty has strong support at 5500-5520 and Sensex at 18700-19500, says Sandeep Wagle, technical analyst, Angel Broking, on Zee Business. The market will continue to move sideways in December and sound stocks in the banking and capital goods space should be accumulated on dips
Nifty has strong support at 5500-5520 and Sensex at 18700-19500, says Sandeep Wagle, technical analyst, Angel Broking, on Zee Business. The market will continue to move sideways in December and sound stocks in the banking and capital goods space should be accumulated on dips
The market is looking choppy.
The Sensex is currently trading at 18982, down 145 points while Nifty is trading at 5630, down 67 points from the previous close.
The BSE Midcaps Index is cracking and trading in the negative, down almost 1%. The market breadth has turned negative with advances at 527 against declines of 659 on the NSE.
The Sensex is currently trading at 18982, down 145 points while Nifty is trading at 5630, down 67 points from the previous close.
The BSE Midcaps Index is cracking and trading in the negative, down almost 1%. The market breadth has turned negative with advances at 527 against declines of 659 on the NSE.
In the metal space, Hindalco and Nalco can be added into the portfolio on dips for long-term returns, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Hindalco is currently trading at Rs 188, down 1.4% and Nalco at Rs 359, down 5.4% on the BSE.
The Asian markets are still looking weak and the Indian market is also shedding some gains. The Sensex is currently trading at 19214, up 84 points while Nifty is in the negative, trading at 5594, down 3 points from the previous close. The market breadth is positive with advances at 748 against declines of 443 on the NSE.
The Asian markets are still looking weak and the Indian market is also shedding some gains. The Sensex is currently trading at 19214, up 84 points while Nifty is in the negative, trading at 5594, down 3 points from the previous close. The market breadth is positive with advances at 748 against declines of 443 on the NSE.
RPL can be bought at dips, at around Rs 185-180, says Gaurang Shah of Geojit Financial Services, on Zee Business. The stock is currently trading at Rs 193.70, down 2.2% on the BSE.
Karvy Stock Broking has upgraded Ranbaxy to outperformer and has put a target price of Rs 487 on it, reports CNBC Awaaz. The stock is currently trading at Rs 397.10, up 0.6% on the BSE.
Karvy Stock Broking has upgraded Ranbaxy to outperformer and has put a target price of Rs 487 on it, reports CNBC Awaaz. The stock is currently trading at Rs 397.10, up 0.6% on the BSE.
The market has opened on the higher side on Wednesday. The Sensex is currently at 19,287, up 160 points from the previous close. Nifty is at 5747, up 49 points.
The intermediate downtrend in the market still continues, says E Mathew, technical analyst, on CNBC-TV18. The market is still in a corrective phase. The Nifty has huge resistance at 5780-5800, he adds.
Essar Oil is showing strength on the monthly charts, says Anil Maghnani, technical analyst, on CNBC Awaaz. The next target price for the stock is at Rs 270,
The intermediate downtrend in the market still continues, says E Mathew, technical analyst, on CNBC-TV18. The market is still in a corrective phase. The Nifty has huge resistance at 5780-5800, he adds.
Essar Oil is showing strength on the monthly charts, says Anil Maghnani, technical analyst, on CNBC Awaaz. The next target price for the stock is at Rs 270,
The market is expected to remain rangebound and the Sensex may trade between 18,300 and 20,200 for the next one month, says Jignesh Shah, technical analyst, on NDTV Profit.
The market will see a lot of consolidation happening for some time now and new buying will come in sectors like auto, textiles, etc, he says. Midcaps will continue to outperform for the next two months atleast.
The market will see a lot of consolidation happening for some time now and new buying will come in sectors like auto, textiles, etc, he says. Midcaps will continue to outperform for the next two months atleast.
Top Five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + Ashok Leyland | 47.65 | +16.65 |
| + Hexaware Technologie | 84.15 | +14.18 |
| + TVS Motor Co. Ltd. | 70.15 | +12.24 |
| + Chennai Petro. | 407.75 | +11.16 |
| + Nirma Limited | 224.10 | +9.02 |
Top Five Loser's
| + Jindal St & Pwr | 13,283.25 | -5.94 |
| + Adani Enterprises Lt | 820.30 | -5.00 |
| + National Fertili | 71.35 | -4.80 |
| + Balaji Telefilms Ltd | 358.25 | -4.80 |
| + Guj. Mineral Dev | 466.80 | -4.62 |
The market closed on a quiet note today.
The Sensex closed at 19127, down 119 points while Nifty at 5698, down 33 points from the previous close. The BSE Midcaps Index closed in the positive. The market breadth was negative with advances at 519 against declines of 675 on the NSE.
The Nifty gainers included BPCL, Hindustan Petroleum, BHEL, Bajaj Auto and Tata Motors while losers included Tata Power, Bharti Airtel, RPL, ICICI Bank and NTPC.
The Sensex closed at 19127, down 119 points while Nifty at 5698, down 33 points from the previous close. The BSE Midcaps Index closed in the positive. The market breadth was negative with advances at 519 against declines of 675 on the NSE.
The Nifty gainers included BPCL, Hindustan Petroleum, BHEL, Bajaj Auto and Tata Motors while losers included Tata Power, Bharti Airtel, RPL, ICICI Bank and NTPC.
Tuesday, November 27, 2007
The Sensex is at 19,099, down 148 points from the previous close. The BSE 30-share index had touched an intra-day low of 19,019 in trade so far. Nifty is at 5688, down 41 points. BSE Midcap and Smallcap indices are also down marginally. All BSE sectoral indices, except auto and metal, are trading in the negative terrain.
Punj Lloyd has support at Rs 340 and resistance at Rs 540, says Vijay Bhambwani, techncial analyst, on CNBC Awaaz. But once the stock crosses the resistance with good volumes, it will be a start to a new long term uptrend, he says. He suggests holding the stock for the next 4-6 quarters.
Voltas is in an uptrend and has support at Rs 220, says Hormuz Maloo, technical analyst with Geojit Financial Services, on NDTV Profit. The stock can go up to Rs 280-285, if the bullish trend sustains, he adds. It is trading at Rs 232.95, down 1.1% on the BSE.
Punj Lloyd has support at Rs 340 and resistance at Rs 540, says Vijay Bhambwani, techncial analyst, on CNBC Awaaz. But once the stock crosses the resistance with good volumes, it will be a start to a new long term uptrend, he says. He suggests holding the stock for the next 4-6 quarters.
Voltas is in an uptrend and has support at Rs 220, says Hormuz Maloo, technical analyst with Geojit Financial Services, on NDTV Profit. The stock can go up to Rs 280-285, if the bullish trend sustains, he adds. It is trading at Rs 232.95, down 1.1% on the BSE.
The market is still trading lower. But the Sensex is still holding on to the 19,000 levels and is currently at 19,110, down 136 points from the previous close. Nifty is at 5686, down 45 points. All BSE sectoral indices, except for auto and consumer durables, are trading in the negative terrain. Market breadth is negative, with advances at 444 versus declines at 704 on the NSE.
Telecom and infrastructure rally may be a little overdone in the short term, say market experts from Enam, on CNBC-TV18. The US markets and dollar seem to be oversold, therefore they may see a bounceback, they say. The long term bull story in financial services is intact, but for now, valuations look stretched in this space, they say.
Telecom and infrastructure rally may be a little overdone in the short term, say market experts from Enam, on CNBC-TV18. The US markets and dollar seem to be oversold, therefore they may see a bounceback, they say. The long term bull story in financial services is intact, but for now, valuations look stretched in this space, they say.
The markets continue to trade weak today in line with its global peers. Power, banking anf realty stocks are still weak. All the key BSE indices are in red and the breadth today has been negative.
At 10.20 hrs IST, the Sensex is down 146.65 points or 0.76% at 19100.89, and the Nifty down 24.80 points or 0.43% at 5706.90. About 1372 shares have advanced, 1619 shares declined, and 86 shares are unchanged.
Top gainers on the Sensex are SBI at Rs 2,266 up 1.06%, Bajaj Auto at Rs 2,600 up 0.49% and ITC at Rs 188 up 0.35%.
Top losers on the Sensex are ICICI Bank at Rs 1,133.70 down 2.07%, HDFC Bank at Rs 1,614 down 1.81%, Reliance Energy at Rs 1,758.80 down 1.72%.
Top gainers on the Nifty are SBI at Rs 2,261 up 0.79%, Bajaj Auto at Rs 2,602.10 up 0.65% and ITC at Rs 188.50 up 0.43%.
Top losers on the Nifty are Reliance Petro at Rs 195.60 down 4.14%, NALCO at Rs 369 down 3.64% and ICICI Bank at Rs 1,131.25 down 2.21%
Most active shares on BSE are Mundra Port at Rs 957.40 with 3,211,210 shares, Axis Bank at Rs 949 with 954,308 shares and Reliance Petro at Rs 195.50 with 3,263,546 shares.
At 10.20 hrs IST, the Sensex is down 146.65 points or 0.76% at 19100.89, and the Nifty down 24.80 points or 0.43% at 5706.90. About 1372 shares have advanced, 1619 shares declined, and 86 shares are unchanged.
Top gainers on the Sensex are SBI at Rs 2,266 up 1.06%, Bajaj Auto at Rs 2,600 up 0.49% and ITC at Rs 188 up 0.35%.
Top losers on the Sensex are ICICI Bank at Rs 1,133.70 down 2.07%, HDFC Bank at Rs 1,614 down 1.81%, Reliance Energy at Rs 1,758.80 down 1.72%.
Top gainers on the Nifty are SBI at Rs 2,261 up 0.79%, Bajaj Auto at Rs 2,602.10 up 0.65% and ITC at Rs 188.50 up 0.43%.
Top losers on the Nifty are Reliance Petro at Rs 195.60 down 4.14%, NALCO at Rs 369 down 3.64% and ICICI Bank at Rs 1,131.25 down 2.21%
Most active shares on BSE are Mundra Port at Rs 957.40 with 3,211,210 shares, Axis Bank at Rs 949 with 954,308 shares and Reliance Petro at Rs 195.50 with 3,263,546 shares.
The market has opened slightly lower on Tuesday.
The Nifty is in a trading range of 5500-6000, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. And whenever an index is in a trading range, it hits both the levels, he explains. Since it has hit 5500, the next move should be towards 6000, he says. But if the Nifty fails to do so, then you can say that the momentum on the upside is being lost day by day, he adds. He expects weakness in the next series.
In the midcap banking space, Karnataka Bank, DhanaLakshmi Bank and Lakshmi Vilas Bank look good, as they can possibly be takeover targets in FY09, says Ambareesh Baliga of Karvy Stock Broking, on Zee Business.
The Nifty is in a trading range of 5500-6000, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. And whenever an index is in a trading range, it hits both the levels, he explains. Since it has hit 5500, the next move should be towards 6000, he says. But if the Nifty fails to do so, then you can say that the momentum on the upside is being lost day by day, he adds. He expects weakness in the next series.
In the midcap banking space, Karnataka Bank, DhanaLakshmi Bank and Lakshmi Vilas Bank look good, as they can possibly be takeover targets in FY09, says Ambareesh Baliga of Karvy Stock Broking, on Zee Business.
Monday, November 26, 2007
Top Five Gainer's
Top Five Loser's
| Company | Price (Rs) | % Change |
| + Jindal St & Pwr | 14,121.45 | +16.74 |
| + National Alumini | 381.60 | +14.41 |
| + Balaji Telefilms Ltd | 376.30 | +12.46 |
| + HMT Ltd. | 92.00 | +9.98 |
| + BEML Ltd. | 1,775.70 | +9.26 |
Top Five Loser's
| + Hexaware Technologie | 73.70 | -17.00 |
| + National Fertili | 74.95 | -4.95 |
| + Indo Rama Synth. | 54.25 | -4.24 |
| + Chambal Fertilis | 62.15 | -3.49 |
| + D-Link India Ltd. | 95.35 | -3.25 |
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