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.
Friday, December 7, 2007
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.
Subscribe to:
Posts (Atom)