Monday, November 19, 2012

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 that

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 necessary.

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 pressure
at higher level and weakness in the global markets. Weak macroeconomic data
and concerns about upcoming fiscal challenges for the United States weighed
on sentiment. Among sectoral indices Capital goods

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 sessions)

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 FY13.

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 inflation

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 5683.70.

TRENDSHEET - INDEX TREND 15-11-2012


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 in

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


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 Segment.

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 October

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.

Cox & Kings Limited (“CNK”), the leading specialist Holidays and Education Travel Group having operations in 26 countries across continents, reported its financial results for the second quarter of fiscal year FY13, which is three months ending September 30, 2012.
Highlights:
Consolidated
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.
PBT (before share of associates) increased by 457% y-o-y in Q2FY13 to INR 2367mn and PAT increased by 438% y-o-y to Rs1476mn
Earnings per share increased from Rs 2.01 in Q2FY12 to Rs10.03 in Q2FY13.
Standalone
Income from Operations increased by 43% y-o-y to INR 778mn in Q2FY13 and EBITDA (excl. forex gain/loss) increased by 69% y-o-y to INR 350mn.
PBT decreased by 74% y-o-y in Q2FY13 to INR 46mn and PAT decreased by 87% y-o-y to INR 16mn.
Post Holidaybreak acquisition, Cox & Kings now operates across three major travel categories – Leisure Tours, Education Travel and Camping Holidays. FY13 would be the first full year of consolidating Holidaybreak Ltd. Below is a breakup of the revenue and EBITDA for Q1 FY13 across the three travel categories –
Commenting on the results for the three months ending 30th September 2012, Peter Kerkar, Director, Cox & Kings Limited said, I am extremely pleased with the results for this quarter. Our performance in the leisure category, is robust with India continuing to register strong growth and the education business has also delivered robust performance. Our student accommodation brand, Meininger, though not being consolidated into our results in FY13, continues to record good YoY growth in the European markets. The Camping business gave a resilient performance.

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 (YoY)

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 Growth At 1.1% Vs 2.7% (YoY)
NEWS FLASH: August IIP Revised To 2.3% Vs 2.7% (Prov)

SPECIAL REPORT ON GOLD

Golden Run
Gold has had a “golden“ run in the last decade with its secular growth story still intact and is also seen to strengthen further due
to its unique feature of being a commodity as well as a monetary asset. Notwithstanding the recent drop in prices where gold
plunged 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 as

CORPORATE NEWS 12-11-2012

Corporate News
State 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 sales.

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 points.

INDEX TREND 12-11-2012

OVERALL MARKET TREND  - - -  UP

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 from

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

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 year.

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


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 risk
aversion 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 day

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


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 chart.

Thursday, November 8, 2012

Economic Calendar 8-11-2012


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 measures.

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 session.

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 5760.1

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                         Buy
CMP                             50
Initiation                         49.20-49.50
Stop Loss                      48.50
Target                            52.50

Wednesday, November 7, 2012

NIFTY ONE MONTH HIGH @ 5772


Economic Calendar - 7-11-2012

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 gold
importers. 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 Obama

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 year.

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 stocks,

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 levels.

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


NIFTY ON CHART AS ON 7-11-2012

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                    -   NTPC
Buy/Sell                        -   Buy
CMP                            -  168.65
Initiation range              -   167.50-168.50
Stop Loss                     -  165.50
Target                          -   175

NIFTY View 7-11-2012

Technical Market View
Nifty (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 after which it saw range-bound moves and today’s price action indicates a higher probability to continue the northward move in near term.

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 billion

FOREX REPORT - 06-11-2012

Rupee depreciated sharply against the dollar as dollar strengthened sharply against basket of currencies on risk aversion before crucial
events 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, signaling

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 31.

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.


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 quarter.

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 5739.5

Top 10 Traded Stocks - 5-11-2012

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

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


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 breakdown.

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 points

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 weeks

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 NEXT TRADING SESSION
ADANIENT, ADANIPOWER, APOLLOTYRE, ARVIND, JUBLFOOD & TATAPOWER

INTRADAY LEVEL 2-11-2012


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 points.

RESULT TODAY - 2-11-2012

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 Revised)

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. On BSE, 1,801 shares fell and 997 shares rose.

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 out.

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 Greece,

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 venture for a consideration of Rs 252.50 crore.
    Tata Motors has signed an agreement with US-based Westport Innovations Inc to develop an engine for its commercial vehicle range.

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 Nov futures closed with 26.10 point’s premium.

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


Wednesday, October 31, 2012

Maruti Suzuki hits 52-week high, analysts say buy

Maruti Suzuki  shares hit a 52-week high on Wednesday as the street and many brokerages gave a big thumbs up to its second quarter performance and road ahead.

The India's largest passenger car maker had reported a net profit of Rs 227.5 crore in the second quarter, down 5 percent year-on-year due to a month-long closure of its Manesar plant following a labour riot and higher discounts offered to boost sluggish sales of petrol cars. Its net sales rose 9 percent to Rs 8,070 crore.

Indian stocks to watch-Oct 31


GLOBAL MARKETS ROUNDUP    
    * Nifty futures on the Singapore Exchange fell 0.03 
percent. The MSCI-Asia Pacific index excluding Japan   
 is up 0.28 percent.       
    * The U.S. stock market was closed for a second straight day
on Tuesday as cash equity trading was canceled in the wake of
Hurricane Sandy.   
    * Asian shares rose and the yen was pressured on Wednesday,
as risk appetite recovered slightly after European equities and
the euro firmed overnight.    
       
    FACTORS TO WATCH 

EQUITY MARKET SNAPSHOT 31-10-2012


  • ·        in fourth week of range bound move, index finally slipped below the lower level of the prevailing range i.e. 5630-5725 levels resultant breakdown. it lost more than a percent and closed below 5600 level; triggering short term reversal in our trend sheet as well. going forward, 5480-5530 zone would be crucial on the downside while 5650-5725 will act as hurdle in case of any bounce.

Derivatives news



·        Nifty future opened positive but turned sharply negative after the credit policy announcements with no rate cuts .
·        Nifty Nov futures made a high of 5724.85, low of 5619.15 and finally closed at 5728.0.
·        Nifty spot closed at 5597.9 down by 67.7 points.

intra day level 31-10-2012



Bazaar Trend Chart

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