Tuesday, November 27, 2012

M&M hopes for quick Aston Martin deal

Aston Martin, purveyors of fast cars to a fictional British spy and to real-life billionaires, could be partly owned by Mahindra and Mahindra by the end of the week if the Mumbai tractor moguls have their way. But much is unclear as the British maker of James Bond's sports cars, its Kuwaiti owner and a rival Italian bidder keep their own counsel. "There are a lot of moving parts here," a person with direct knowledge of the matter told Reuters on Monday, adding the Mahindras hoped to strike a deal this wee...

Monday, November 26, 2012

Vascon Engineers rises on securing contract worth Rs 313.87 crore

Vascon Engineers is currently trading at Rs. 46.30, up by 2.30 points or 5.00% from its previous closing of Rs. 46.00 on the BS...

Corporate News 26-11-2012

Corporate News NTPC’s 1,600-MW project at Darlipali in Odisha shall commence soon, as the State Government has assured of land acquisition by December 10. The company targets to invest Rs 11,400 crore in the unit. Suzlon Group has signed contracts for supply of 39.9 MW of wind turbines with two public sector undertakings. The orders are valued at Rs 240 crore. Siemens Energy has secured a 138 MW order from Jeffrey’s Bay wind power plant in South Africa. The Ministry of Environment and Forests has granted environmental clearance to the integrated...

NIFTY View 26-11-2012

Markets opened on a flat note and saw some selling pressure in first half. It took Nifty below 5600 levels from where some buying support was witnessed in late trade. Finally it closed lower with small losses. Sectoral ac-tivity showed gains in BSE Auto index after two consecutive days of losses followed by Oil & Gas. BSE PSU in-dex was the top loser on the back of losses in HINDCOPPER, STC, NTPC and MMTC stocks. Realty and Healthcare indices were other losers. Market breadth was in favour of declines in the session. Nifty has closed higher...

Recommendation - AUROPHARMA 26-11-2012

AUROPHARMA: On daily chart, it rose almost vertically from 100 level to 180 level in last three months. It was trading sideways as it failed to sustain above 180 mark that may result decline in the near future. One may initiate trade as per levels given in the table. (Trading period: 3-5 trading sessions...

FIIs invest $19 bn in Indian equities; 2nd highest

Indian stock markets have remain attractive for overseas investors, as foreign entities have pumped in over USD 19 billion so far -- the second highest mark in a year. Foreign Institutional Investors (FIIs) were gross buyers of shares worth Rs 5,80,183 crore and sellers of equities worth Rs 4,80,778 crore, translating into net inflow of Rs 99,406 crore (USD 19.08 billion), according to the Sebi dat...

MARKET EYE-SGX Nifty gains; winter session key 26-11-2012

* Nifty futures on the Singapore Exchange rise 0.38 percent. The MSCI-Asia Pacific index excluding Japan is up 0.16 percent....

Friday, November 23, 2012

MY ADVANTA INDIA ROCKING

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Unity Infra bags Rs 138cr Mantralaya project; stock up 3%

Unity Infraprojects  has bagged Rs 138 crore Mantralaya project, reports Times of India. At 09:41 hrs Unity Infraprojects was quoting at Rs 45.80, up Rs 1.40, or 3.15%. It has touched an intraday high of Rs 48.40 and an intraday low of Rs 45....

Bharti Infratel IPO likely in December; Bharti Airtel gains

Bharti Infratel IPO is likely to hit the market in December. The company aims to raise Rs 4000 crore, reports CNBC-TV18. At 09:46 hrs Bharti Airtel  was quoting at Rs 309.80, up Rs 1.60, or 0.52%. It has touched an intraday high of Rs 312 and an intraday low of Rs 30...

SGX Nifty gains; pharma stocks in focus 23-11-2012

* Nifty futures on the Singapore Exchange rise 0.21 percent. The MSCI-Asia Pacific index excluding Japan is also up 0.4 perce...

India's Hindustan Copper shares slump ahead of govt stake sale

Nov 23 (Reuters) - Shares in state-run Hindustan Copper Ltd fell as much as 18.6 percent on Friday after the government set the base price for its 4 percents stake sale due later in the day at well below current price...

Indian stocks to watch 23-11-2012

GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange gained 0.18 percent. The MSCI-Asia Pacific index excluding Japan is up 0.41 percent. * U.S. markets were closed for the Thanksgiving holiday. ...

CORPORATE NEWS 23-11-2012

Corporate NewsL&T said that it has won new orders worth Rs 2,503 crore across various segments. L&T Construction has secured a prestigious order, valued Rs 1,985 crore from GVK Project and Technical Services. L&T's Buildings and Factories has bagged new orders worth Rs 397 crore order pertains to construction of commercial building in Mumbai, , while the water and effluent treatment business has received an order worth Rs 121 crore from the Public Health Engineering Department, Rajastha...

NIFTY View 23-11-2012

Markets opened on firm note but consolidated in a range after that. Nifty extended yesterday’s gains in today’s session as well. Market breadth and volumes didn’t sh...

Recommendation - EXIDEIND 23-11-2012

EXIDEIND: It fell straight from 165 level to support zone of long term averages(100,200 EMA) on the daily chart which lies around 135. It has formed a base here and likely to witness strong rebound now. One may initiate trade as per levels given in the table. (Trading period: 3-5 trading ses-sions) ...

Thursday, November 22, 2012

IPO - Tara Jewels Ltd

Regitered Office : Plot No. 122 15th Road Near, IDBI Bank MIDC Andheri (East), Mumbai - 400093, Maharashtra, IndiaPhone : 91-22-66417777   Fax : 91-22-66417712   Email : investor.care@tarajewels.co.in   Website : www.tarajewels.in Public issue of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of Tara Jewels Limited (The "Company" or The "Issuer") for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share,...

HDFC Bank scales record high on surge in ADR

HDFC Bank rose 0.68% to Rs 666.90 at 9:18 IST on BSE after the private sector bank's American depository receipt or ADR surged 3.05% to settle at $40.24 on the New York Stock Exchange on Wednesday, 21 November 2012...

NMDC drops ex-dividend

NMDC lost 0.21% to Rs 170.25 at 10:00 IST on BSE as the stock turned ex-dividend today, 22 November 2012, for interim dividend of Rs 2 per share for the year ending 31 March 2013. Meanwhile, the BSE Sensex was up 64.97 points or 0.35% at 18,525.35. On BSE, 13,000 shares were traded in the counter as against average daily volume of 47,468 shares in the past one quarter....

HAIL drops 27.16% in three days as foreign promoter to dilute stake

Honeywell Automation India lost 3.54% to Rs 2415 at 09:59 IST on BSE, extending two-day slide triggered after its foreign promoter said it intends to pare its stake in Indian unit to comply with the listing clause Meanwhile, the BSE Sensex was up 71.37 points or 0.39% to 18,531.75 On BSE, 31,705 shares were traded in the counter as against the average daily volume of 4,259 shares in the past one quarter...

Hindustan Copper gallops in volatile trade as government to dilute stake

Hindustan Copper jumped 13.52% to Rs 271.55 at 10:05 IST on BSE, reversing intraday slide, after the government said it would pare its stake in the state-run copper miner through the offer for sale mechanism...

Stocks to watch 22-11-2012

GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange rise 0.33 percent. The MSCI-Asia Pacific index excluding Japan is up 0.82 percent. * U.S. stocks finished modestly higher on Wednesday, with the S&P 500 up for a fourth session, although volume was one of the year's lowest on the day ahead of the Thanksgiving holiday....

Wednesday, November 21, 2012

Corporate News 21-11-2012

Corporate News L&T Construction has bagged orders worth Rs 2,503 crore. Its infrastructure division has secured an order valued at Rs 1,985 crore from GVK Project and Technical Services. L&T will execute the major portion of the work for the 850 MW Ratle Hydroelectric Power Project located on the Chenab in the Kishtwar district of Jammu & Kashmir. Titan is aiming to clock a profit before tax of Rs 1,000 crore this fiscal and plans to spend about Rs 200 crore in retail as well as manufacturing initiatives. Besides, the company also...

STOCK TO WATCH 21-11-2012

GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange rose 0.15 percent. The MSCI-Asia Pacific index excluding Japan was up 0.01 percent. ...

NIFTY View 21-11-2012

Markets opened firmly and Nifty spot traded above 5600 levels in early trade but quickly supply was witnessed from higher levels. There was consistent selling pressure for the rest of the day in index majors which took Nif-ty close to yesterday lows around 5550 in late trad...

Recommendation - COALINDIA 21-11-2012

COALINDIA The stock consolidated for past 3 weeks and now after testing support around 342, it is all set for a bounce back towards higher levels. (Trading period: 3-5 trading sessions) ...

Tuesday, November 20, 2012

Stocks to watch 20-11-2012

GLOBAL MARKET NEWS * Nifty futures on the Singapore Exchange rose 0.2 percent. The MSCI-Asia Pacific index excluding Japan was up 0.6 percent. * U.S. stocks bounced higher for a second consecutive session on Monday as investors were encouraged by the early atmosphere surrounding talks to tackle the nation's fiscal crunch....

Monday, November 19, 2012

Economic Calendar 19-11-2012

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FOREX REPORT 19-11-2012

• Indian rupee opened the session lower against the dollar and continued to trade weak throughout the session following the strength inthe dollar index.• Domestic equity markets lost the momentum late in the session and posted healthy losses of close to a percent as Sensex fell by 162points and ended the session at 18309.3...

Corporate News 19-11-2012

Corporate NewsSrei Infrastructure has received the Certificate of Registration for floating Srei Mutual Fund (Infrastructure Devel-opment Fund) from the Securities and Exchange Board of India. BHEL is believed to have emerged as the lowest bidder for supplying equipment for a 1,320 MW thermal power project to be set up in Odisha. GMR Infrastructure said it had pending receivables of Rs 2,000 crore. Of this, two entities — Air India and Tamil Nadu government —owed the firm Rs 1,450 crore. HCL Technologies (HCL) has been ranked as a market...

Fundamental Market view 19-11-2012

Roundup -In a volatile trading session the key benchmark indices off highs in late hour trade. Market opened positive in the morning trade but volatility continued. Due to firmness in the European Market it recovered but closed lower at the end of the session. Infosys led gains in...

Derivative Market View 19-11-2012

 Nifty futures opened flat trading near 5650 levels throughout the day before correcting sharply in the last one hour from 5664 to 5568 levels as it broke the support levels of 5610. Nifty futures closed down by 68.60 points at 5580.55 with a premium of 6.50 points to the spot closing of 5574.0...

TRENDSHEET 19-11-2012

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NIFTY VIEW 19-11-2012

In today’s session, index opened marginally in green and traded sideways between 5620-5650 level for most part of the session. It witnessed breakdown from that range in last hour of the trade due to vertical decline from 5650 to 5565 level. Finally, it lost close to a percent with dramatic shift in market breadth on negative side. As we have mentioned in our yesterday’s newsletter th...

Recommendation - Union Bank 19-11-2012

UNIONBANK: After the recent run up from 190-240+ levels, it has formed a pennant on daily chart and broke down from the same today resulting formation of fresh shorting pivot. One may initiate trade as per spot levels given in the table. (Trading period: 3-5 trading sessions) ...

Top 10 Traded Stocks 19-11-2012

In volatile markets, investors should have an active attitude towards investing and should be ready to try out new stocks and strategies. Keep a look out for longer-term trends specific to India and be ready to change your mind and switch stocks when necessar...

Stocks to watch - 19-11-2012

GLOBAL MARKET NEWS * Nifty futures on the Singapore Exchange rose 0.29 percent. The MSCI-Asia Pacific index excluding Japan was up 0.53 percent. * Hope that U.S. politicians would find common ground to steer clear of the "fiscal cliff" boosted stocks on Friday, though the gains were not enough to offset the week's losses. ...

Investors Weekly 19-11-2012 TO 25-11-2012

 Market Overview The key benchmark indices closed negative in a truncated week due to pressureat higher level and weakness in the global markets. Weak macroeconomic dataand concerns about upcoming fiscal challenges for the United States weighedon sentiment. Among sectoral indices Capital goo...

Friday, November 16, 2012

STOCK TO WATCH 16-11-2012

GLOBAL MARKET NEWS * Nifty futures on the Singapore Exchange fell 0.04 percent. The MSCI-Asia Pacific index excluding Japan was flat. * U.S. stocks were little changed on Thursday as the prospect of a drawn-out battle over impending tax and spending changes made investors wary of getting into the water....

Corporate News 16-11-2012

Madhucon Projects Ltd has posted a lower net profit of Rs 4.95 crore for the second quarter ended September 30, 2012, as against Rs 6.04 crore for the corresponding quarter last year. The revenue for the second quarter was also lower at Rs 318.80 crore as against Rs 416.04 crore for the corresponding quarter last year...

EQUITY MARKET SNAPSHOT 16-11-2012

Fundamental Market viewRoundup -Market closed negative in a weak trading session as global stocks weighed on sentiment adversely. Index heavyweight ITC fell nearly 3%. IT stocks fell on concerns about upcoming fiscal challenges for the United States....

NIFTY View 16-11-2012

On the back of negative cues from the global front, index opened with down gap and traded with southward bias in first half of the session. It almost tested the support zone around 5600 levels and rebounded marginally in the end. Finally, it lost more than half a percent with market breadth ending on the declining side....

Recommendation - POWERGRID 16-11-2012

POWERGRID: On the daily chart, it has paused after the decent run up and forming flag pattern. It’s likely to witness breakout from the same to resume the overall northward bias. One may initiate trade as per spot levels given in the table. (Trading period: 3-5 trading session...

Thursday, November 15, 2012

Houseviews: 2 stocks you should have in your portfolio

Spicejet Brokerage: Merrill lynch Rating: Buy Target: 46 Rationale: In a seasonally weak quarter, Spicejet reported a net loss of Rs 163 crore, compared to a loss of Rs 240 crore...

Market Radar 15-11-2012

Wockhardt 1749.00 49.85 (2.93%)  Vol :28.48k Consolidated net profit rose 255% YoY to Rs 453.5 cr in Q2...

stocks to watch 15-11-2012

GLOBAL MARKET NEWS * Nifty futures on the Singapore Exchange fell 0.9 percent. The MSCI-Asia Pacific index excluding Japan fell 0.8 percent. * U.S. stocks slid on Wednesday with declines accelerating after President Barack Obama set up a drawn-out fight over the fiscal cliff when he stuck to his pledge to raise taxes on the wealthy, and as violence increased in the Middle East....

Corporate News Industry News 15-11-2012

Dena Bank expects to achieve a total business of Rs 1.5 lakh crore by the end of this fiscal on the back of sound growth in deposits and advances. The bank aims to have a credit growth of 18 per cent and deposit growth of 17 % in FY1...

EQUITY MARKET SNAPSHOT 15-11-2012

Roundup -Key benchmark indices closed with mild losses in choppy trade. Market opened positive in the morning trade but turned negative during the afternoon session. Weak macroeconomic data weighed on sentiment. IIP declined in September 2012 and consumer price inflati...

DERIVATIVES VIEW 15-11-2012

 Nifty futures opened positive by 10 points, but it turned negative sharply after IIP numbers were out trading in a narrow band of 40 points from 5733 to 5693 throughout the day. Nifty futures closed down by 9.5 points at 5711.1 with a premi-um of 27.4 points to the spot closing of 5683.7...

TRENDSHEET - INDEX TREND 15-11-2012

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NIFTY View 15-11-2012

In line with expectation, index opened slightly on positive note but resumed the declining bias as day progressed. It closed flat in the end but overall market breadth slipped marginally on the declining side. On the intraday chart, it took support around 23.2% i.e. 5669 level of Fibonacci retracement zone (see the chart below) and witnessed pause thereafter. As we have mentioned ...

Recommendations - ARVIND 15-11-2012

ARVIND: Today, it has witnessed breakout from the invert-ed head and shoulder pattern on the daily chart which indicates positive bias to continue ahead. One may initiate trade as per spot levels given in the table. (Trading period: 3-5 trading sessions) ...

Monday, November 12, 2012

United Spirits shares post biggest single-day gain since 1995

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Timings for Muhurat Trading on 13th Nov 2012

This is in partial modification to the Exchange notice number 20121030-20 dated October 30, 2012 regarding Muhurat Trading Session for Samavat Year 2069 for Cash Segmen...

Rupee falls to two-month low, touches 55 per dollar on trade deficit concerns

The rupee fell to a two-month low on Monday, touching 55 to the dollar, after data showed India's trade deficit widened in Octob...

Cox & Kings - result 12-11-2012

  Cox & Kings Q2 net profit at Rs1476mn Income from Operations increased by 404% y-o-y to Rs 6890mn in Q2FY13 and EBITDA (excl. forex gain/loss) increased by 612% y-o-y to Rs3872mn. ...

October Trade Data:12-11-2012

October Trade Data: Exports Down 1.63 % $23.24 Bn (YoY)  October Trade Data: Imports Up 7.4% At $44.21 Bn (YoY) October Trade Data: Trade Deficit At $20.96 Bn Vs $17.5 Bn (Yo...

CPI DATA OCTOBER

 October CPI Combined Inflation Rate At 9.75% Vs 9.73% (MoM) Oct CPI Rural Inflation Rate At 9.98% Vs 9.79% (MoM) October CPI Urban Inflation Rate At 9.46% Vs 9.72% (MoM)  September IIP At -0.4% Vs CNBC-TV18 Poll Of 3.2% ...

IIP DATA FOR THE MONTH OF SEPTEMBER

Sep IIP At -0.4%: Manufacturing Sector Growth At -1.5% Vs 3.1% (YoY) Sep IIP At -0.4%: Mining Sector Growth At 5.5% Vs -7.5% (YoY) Sep IIP At -0.4%: Electricity Sector Growth At 3.9% Vs 9% (YoY) Sep IIP At -0.4%: Basic Goods Growth At 3.5% Vs 5.3% (YoY) Sep IIP At -0.4%: Capital Goods Growth At -12.2% Vs -6.5% (YoY) Sep IIP At -0.4%: Intermediate Goods Growth At 1.8% Vs -1.4% (YoY) Sep IIP At -0.4%: Consumer Goods Growth At -0.3% Vs 5.7% (YoY) Sep IIP At -0.4%: Consumer Durables Growth At -1.7% Vs 8.9% (YoY) Sep IIP At -0.4%: Consumer Non-durables...

SPECIAL REPORT ON GOLD

Golden RunGold has had a “golden“ run in the last decade with its secular growth story still intact and is also seen to strengthen further dueto its unique feature of being a commodity as well as a monetary asset. Notwithstanding the recent drop in prices where goldplunged from a high of $1,923.70 an ounce to a brief low of $1,522/oz at COMEX, the yellow metal remains firmly established ...

CORPORATE NEWS 12-11-2012

Corporate NewsState Bank of India reported a 30 per cent increase in net profit at Rs 3,658 crore in the July-September quarter as against Rs 2,810 crore in the year-ago period.HDIL reported an over 5% decline in consolidated net profit at Rs 140.55 crore for the quarter ended September 30 due to lower sale...

Fundamental Market view 12-11-2012

Key benchmark indices edged lower as world stocks fell on concerns about the US "fiscal cliff" and the euro-zone economy. Market reversed direction after...

Derivative Market View 12-11-2012

 Nifty futures opened flat to negative on back of weaker global markets, selling got intensified further after poor numbers announced from SBI and Tata Steel and finally closed down by 40 points at 5720.60 with a premium of 34.60 points to the spot closing of 5686.25. Nifty futures have ended flat to negative week on week with a loss of 18.95 point...

INDEX TREND 12-11-2012

OVERALL MARKET TREND  - - -  ...

NIFTY View 12-11-2012

After Thursday’s decline, Nifty opened on flat note and resumed the negative bias as the day progressed. It lost close to a percent with market breadth ending in very bad shape. Among sectorial pivots, PSU, Realty, Metal and Oil&...

Recommendations - BHEL

BHEL: Keeping in mind the prevailing negative sentiments, the stock has formed rising flag after the recent decline and broke down fr...

stocks to watch - 12-11-2012

GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange fell 0.1 percent. The MSCI-Asia Pacific index excluding Japan rose 0.1 percent. * U.S. stocks advanced on Friday but failed to make up for what turned out to be the worst...

Sunday, November 11, 2012

HAPPY DHANTERAS

DHANTERASH S...

Friday, November 9, 2012

SBI Q2 net up 30% to Rs 3658cr, restructured loans rise

India's largest lender State Bank of India  's (SBI) second quarter net profit came in higher than the street expectations, but net interest income fell short of forecast. Net profit rose higher than expected 30.17 percent year-on-year to Rs 3,658 crore in the second quarter of current financial yea...

stocks to watch 9-11-2012

GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange fell 0.1 percent. The MSCI-Asia Pacific index excluding Japan also fell 0.3 percent. * U.S. stocks fell on Thursday and could be in line for more weakness as worries about Washington's ability to find a timely solution to the "fiscal cliff" dominate investor thinking in coming weeks....

Economic Calendar 9-11-2012

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FOREX REPORT 9-11-2012

• USDINR pair traded highly volatile in the last session to close in green at 54.60, higher by around half a percent• Dollar surged sharply against basket of currencies after the Europe published its economic growth forecast, triggering a strong riskaversion rally across the world...

Corporate News 9-11-2012

Steel Authority of India Ltd reported a 12% rise in net profit during the second quarter of 2012-13 fiscal against the same period previous year...

Fundamental Market view 9-11-2012

Roundup The key benchmark indices closed negative in a weak trading session led by weakness in Capital Goods and Pharma stocks. Market opened weak in the morning trade due to weakness in global market and remain subdued throughout the d...

Derivative Market View 9-11-2012

 Nifty futures opened lower by 50 points on back of weaker global markets trading negative throughout the day , but took support at near to yesterday’s low of 5740 levels and finally closed at 5765.20 with a premium of 26.45 points to the spot closing of 5738.75...

TRENDSHEET 9-11-2012

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NIFTY View 9-11-2012

Markets opened on a weak note on the back of sharp profit-taking in US Markets which also led to other global markets reacting negatively. The opening range was close to previous session lows from where markets saw slight recovery but still benchmark indices closed in red which happened first time in last 7 sessions....

Recommendation - CENTURYTEX

CENTURYTEX: With noticeable divergence between price chart and RSI oscillator, the stock is likely to form double top pattern which is bearish in nature on daily char...

Thursday, November 8, 2012

Economic Calendar 8-11-2012

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FOREX REPORT 8-11-2012

Rupee strengthened against the dollar as dollar lost against basket of major currencies in the last session. The dollar was sold-off aggressively as soon as the news of an Obama win came in, with markets pricing in an extended term from the president that has brought the US debt to GDP to uncharted territories by enjoying at the helm of the Fed ultra-dovish Federal Reserve Chairman Ben Bernanke and his quest for QE to infinity Hundreds of thousands of Greek workers walked off the job in a two-day national strike to protest against government austerity...

RESULT TODAY 8-11-2012

Aanjaneya Life 08-Nov-2012 ABC Bearings 08-Nov-2012 Acrow India 08-Nov-2012 Aditya Ispat 08-Nov-2012 AdityaBirlaNuvo 08-Nov-2012 Advance Life 08-Nov-2012 ...

stocks to watch 8-11-2012

GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange fell 0.87 percent. The MSCI-Asia Pacific index excluding Japan fell 1 percent....

Corporate News And Result 8-11-2012

Bharti Airtel reported a net profit decline for the 11th quarter in a row, dropping by 29.7% to Rs. 721.2 crore in July-September this year over the same period last year....

Fundamental Market view - 8-11-2012

Roundup - Indian markets welcomed the news of the re-election of Barrack Obama as the President of the Unit-ed States and closed positive at the end of the sessio...

Derivative Market View - 8-11-2012

 Nifty futures opened flat, and it pulled higher above 5800 levels to make a high of 5818.8 and finally closed below 5800 levels at 5793.25 with a premium of 33.15 points to the spot closing of 5760...

TRENDSHEET - INDEX TREND

TRENDSHEET - INDEX TREND * ...

NIFTY View - 8-11-2012

After opening on flat note, Nifty continues yesterday’s positive bias and inched higher to test 5750+ zone as the day progressed. As we have mentioned in our earlier newsletters, it should overcome the resistance...

Recommendations - ADANIPOWER

ADANIPOWER: On daily chart, it’s forming inverted head and shoulder pattern where it’s currently forming the right shoulder providing fresh buying opportunity with consider-ably good profit to loss ration. One may initiate trade as per levels given in the table. (Trading period: 3-5 trading sessions) SYMBOL                     ADANIPOWER Buy/Sell                        ...

Wednesday, November 7, 2012

NIFTY ONE MONTH HIGH @ 5772

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Economic Calendar - 7-11-2012

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FOREX REPORT - 7-11-2012

• Rupee strengthened against the dollar after weakness in dollar was seen against basket of currencies• Rupee weakened yesterday on dollar demand by state run metals importing company and also demands by goldimporters. Gold importers demand will continue for the time being• On Tuesday the US heads to the polls to vote for the next President of the USA. The latest polls data put President Oba...

Corporate News And Result - 7-11-2012

Madras Cements has reported a marginal increase in net profit at Rs.132.89 crore in the second quarter ended September 30, 2012, against Rs.123.01 crore in the corresponding period in the previous year. Cipla reported a 61.8 per cent rise in its net profit at Rs.500.01 crore for the quarter ended September, 2012, up from Rs.308.97 crore in the corresponding period in the previous yea...

Fundamental Market view - 7-11-2012

In a volatile trading session the key benchmark closed in green due to renewed buying in Realty stocks. Buying support also seen in banking and Pharma stocks. Cipla was the top Sensex gainer. GAIL, HDFC, SBI and BHEL are the heavyweights closed in green while Hindalco, Tata Motors and Maruti Suzuki closed in red. Among the individual stock...

Derivative Market View - 7-11-2012

 Nifty futures opened flat, and it pulled higher in the last half an hour of trade to close near today’s high to close at 5766.65 with a premium of 42.25 points to the spot closing of 5724.4  India VIX has gained by 4% to close at 15.2 levels; with the events like US elections getting closer for the outcome, we expect volatility to improve from current level...

stocks to watch - 7-11-2012

GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange down 0.2 percent. The MSCI-Asia Pacific index excluding Japan was 0.09 percent lower. * S&P 500 index futures fell in late trading on Tuesday as early results from the U.S. presidential election started to trickle in....

TRENDSHEET 7-11-2012

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NIFTY ON CHART AS ON 7-11-2012

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Recommendations - Buy NTPC

NTPC: After rebounding from the bottom of 140 levels, it tested 200 EMA on the weekly chart i.e. 175 levels and un-derwent into consolidation with 164-175 range. It recently tested the lower level of the range with recovered strongly thereafter. It may now retest the upper zone of the consoli-dation range so one may initiate trade as per levels given in the table. (Trading period: 3-5 trading sessions SYMBOL                    -   NTPCBuy/Sell              ...

NIFTY View 7-11-2012

Technical Market ViewNifty (5724.40 +20.20)Indices opened on a flat note after which restricted movement was witnessed until last hour of trade. Nifty moved in a band of 27 points until that time but strong buying was seen in late trade to take it comfortably beyond 5720 levels. Today’s up move was supported by positive market breadth and higher volumes in cash market segment. Nifty is on the verge of breaking above 19-day range between 5583 and 5730 and once that happens we may again witness a directional move. Nifty gapped up on 2nd November...

Tuesday, November 6, 2012

stocks to watch- 6-11-2012

GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange rose 0.01 percent. The MSCI-Asia Pacific index excluding Japan fell 0.06 percent. * U.S. stocks advanced modestly on Monday in light trading in one of the year's quietest sessions on the day before the U.S. presidential election....

Important Economic Indicators 6-11-2012

Details Net Change Closing Level WPI (Inflation) - (For month of (Aug) 0.26 - 7.81% Foreign Exchange Reserve - (As on 19th Oct) - $359.4 million $295.23 billi...

FOREX REPORT - 06-11-2012

Rupee depreciated sharply against the dollar as dollar strengthened sharply against basket of currencies on risk aversion before crucialevents on global economic calendar• Domestic equity markets traded in a range bound fashion. Sensex closed at 18762.87, higher by around 17 points• India's economic growth could slow to as little as 5.5 percent this fiscal year, Finance Minister P. Chidambaram told Reuters, signali...

Monday, November 5, 2012

Kingfisher Airlines' licence won't be renewed if no revival plan by end-Dec: report

New Delhi: The government will not renew Kingfisher Airlines' licence to fly if the ailing carrier fails to provide a turnaround plan by end-December, a top government official told reporters on Monday. The airline has not come up with any revival plan as of now, the official, who declined to be named, said, adding that the airlines' licence is due to expire on December 3...

Jhunjhunwala sees new highs over 1-2 yrs; likes bank, infra

Big Bull Rakesh Jhunjhunwala expects the market to make new highs over the next 12-24 months, and feels the ‘mother of all bull markets’ is still ahead of us. In an interview with CNBC-TV18, Jhunjhunwala says he is betting on a correction in commodity prices. And while second quarter corporate earnings may not have been spectacular, it does show that companies are adjusting well to the current economic downtrend, says Jhunjhunwala....

Oct India's service sector growth weakens to 6 mth low.

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India's Crompton Greaves drops on earnings worries

* Shares in Crompton Greaves Ltd drop as much as 11 percent after the power equipment makers said on Friday net profit dropped 64 percent in the July-September quart...

Indian stocks to watch- 5-11-2012

GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange fell 0.2 percent. The MSCI-Asia Pacific index excluding Japan is down 0.3 percent. * U.S. stocks ended an unusual storm-shortened trading week with a selloff on Friday, as major indexes erased early gains sparked by a stronger-than-expected payrolls report....

DERIVATIVES NEWSLATER - 5-11-2012

·   Nifty future opened positive and gained momentum throughout the day to close near days high. ·   Nifty Nov futures made a high of 5747.9, low of 5700.0 and finally closed at 5739...

Top 10 Traded Stocks - 5-11-2012

Sr. No Name Of Company Industry 1. RELIANCE POWER Power 2. RELIANCE INDUSTRIES Oil & G...

Weekly Corporate News 5-11-2012

M&M reported 28.74% increase in total sales at 53,438 units in October, its highest ever in a month. The company had sold 41,506 units in the same month last year. The company's domestic sales stood at 51,316 units during the month against 39,352 units in October 2011, up 30.4...

INTRA-DAY LEVEL

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EQUITY MARKET SNAPSHOT - 5-11-2012

·       despite breakdown from the congestion zone of 5630-5725 on second day of the week,subsequent rebound in last three sessions resultant gain of more than half a percent on weekly basis and added to the possibility of reversal in trend from down to up.  It should close above 5750 levels to confirm the negaTion of the breakdow...

FOREX REPORT - 5-11-2012

• USDINR pair recuperated some of its losses in the last session and managed to close in green. • Domestic equity markets opened higher and closed around a percent higher. Sensex closed at 18738.11, higher by around 176 poin...

Friday, November 2, 2012

STOCK TO WATCH 2-11-2012

INDIAN STOCKS TO WATCH For additional press items double click NOTE: Reuters has not verified third-party stories and does not vouch for their accuracy. GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange rose 0.6 percent. The MSCI-Asia Pacific index excluding Japan is up 0.6 percent. * The S&P 500 scored its best day in seven weeks on Thursday on bullish consumer confidence and private-sector jobs data. ...

FOREX REPORT - 2-11-2012

USDINR pair traded sideways and closed slightly lower in the last session • Domestic equity markets recovered from lower levels to close in green. Sensex closed at 18561.70, higher by around 56 points • Eurozone finance ministers said there's no guarantee Greece will be given its next round of aid in a couple wee...

EQUITY MARKET SNAPSHOT - 2-11-2012

·       for the second consecutive trade, index scaled further northward on the back of rebound and gained close to half a percent in the end. importantly, buying is noticable in cash segment as well though the volume is slightly below average. considering the rebound of last two sessions, we might see failure in latest breakdown from 5630-5725 range if it scales above the upper range in the near term so the next session would be crucial. ·       STOCKS WITH BULLISH BIAS FOR THE...

INTRADAY LEVEL 2-11-2012

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DERIVATIVES DAILY 2-11-2012

·       Nifty future opened negative and gained momentum recovering in the second half of the day. ·       Nifty Nov futures made a high of 5684.8, low of 5628.90 and finally closed at 5676 ·       Nifty spot closed at 5645.05 up by 25.3 points. ·       Bank Nifty closed at 11315.0 up by 46.2 points. ·       CNX IT closed at 6101.85 up by 14.0 point...

RESULT TODAY - 2-11-2012

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Corporate Action - 2-11-2012

Gujarat State Financial Corporation 2-Nov-12 Annual General Meeting IRB Infrastructure Developers Limited 2-Nov-12 Interim Dividend Re 1 Per Share (Purpose Revise...

FUNDAMENTAL DAILY - 2-11-2012

Market Roundup Market plunged after RBI kept its key policy rate unchanged at 8% after Second Quarter Review of Monetary Policy 2012-13 citing high inflation. The market extended losses to hit fresh intraday low in early afternoon trade. Weakness prevailed in late noon trade. BSE Sensex hit its lowest level in more than 5-1/2 weeks. Maruti Suzuki India falters after weak Q2 results but surged in late trade, while Dr. Reddy's Laboratories (DRL) rose after strong Q2 results. Index heavyweight ITC and Reliance dropped. The market breadth was weak....

Thursday, November 1, 2012

MARKET EYE-Indian shares flat; Reliance falls, autos gain

* The BSE index down 0.1 percent and the NSE index falls 0.06 percent. * Falls track lower Asian shares as China's official and private sector manufacturing PMIs confirmed a recovering growth trend, but failed to convince investors the slowdown was bottoming o...

stocks to watch - 1-11-2012

INDIAN STOCKS TO WATCH For additional press items double click NOTE: Reuters has not verified third-party stories and does not vouch for their accuracy. GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange fell 0.02 percent. The MSCI-Asia Pacific index excluding Japan is down 0.16 percent....

forex report 1-11-2012

USDINR pair failed to breach previous day’s high and slipped sharply to close lower by almost half a percent in last session • Eurozone finance ministers will hold a video conference, with talks to be centered around the next aid disbursement for Greec...

Corporate News 1-11-2012

Biocon posted a 4.6 per cent jump in its consolidated net profit to Rs 89.65 crore for the second quarter ended September 30, 2012. Net sales rose to Rs 592.40 crore during the second quarter from Rs 505.39 crore in the same period of 2011-12 fiscal.Mukand Ltd signed a master agreement with Sumitomo Corporation of Japan on October 29 for establishing a joint venture to carry on the business of Cold Finished Bars & Wires (CFB&W) that was transferred to a subsidiary Technosys Metal Processing Ltd (TMPL) ahead of its conversion into a joint...

Derivatives Newsletter 1-11-2012

·       Nifty future opened negative, trading on both sides recovering in the second half of the day  . ·       Nifty Nov futures made a high of 5651.8, low of 5613.20 and finally closed at 5646.1. ·       Nifty spot closed at 5619.7 up by 21.8 points. ·       Bank Nifty closed at 11268.80 up by 65.8 points. ·       CNX IT closed at 6087.8.1 up by 21.7 points. ·       Nifty...

EQUITY MARKET SNAPSHOT 1-11-2012

·       after yesterday’s breakdown, index traded with sideways bias while sustaining above support zone of 5580 level as per fibonacci retracement placed on intraday chart. technically, WE MIGHT SEE ANOTHER SESSION OF RANGE BOUND MOVE BEFORE RESUMPTION OF DOWN trend....

intra day level 01-11-2012

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