Friday, December 14, 2007

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.

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
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.

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 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.
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

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.