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.
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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
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