Below 5098 ,will crash to kiss
5030---5007 in panic
Now 3 &7 DEMA will act as hurdle
Avoid Long in Sensex /Nifty Stocks
FIIs were net sellers in the cash segment on Thursday at Rs8.54bn on a provisional basis. The local funds were net buyers of Rs2.31bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs22.62bn. As per the SEBI figures, FIIs were net sellers of Rs323mn in the cash segment on Tuesday.
3i Infotech, Allahabad Bank, Asian Paints, Bharti Airtel, CEAT, CESC, Concor, Corporation Bank, Dish TV, Edelweiss, Essar Oil, Grasim, HCC, Hindustan Zinc, ICI India, ITC, Mcleod Russel, Neyveli Lignite, Punj Lloyd, RIL, Tech Mahindra, UB and Zee News.
Today,global markets are bleeding dismissing any hopes one may have had yesterday of a bounce back. Wall Street suffered its worst one-day decline in nearly three months.No prices for guessing we will have a gap-down start on local bourses. The Nifty may find support at the crucial 5000 level, hopefully. Further selling may pull it down to 4950. In short, bears will have a field day today. A rebound will hinge on improvement in global sentiment and perhaps on surprisingly strong results from India Inc.
We expect RIL to register 63.7% yoy jump in net sales and 17.3% yoy growth in net profit. We expect Grasim to register 12.2% yoy growth in revenues and 69.1% yoy growth in net profit. US bank shares tumbled under the threat of new regulations. The basic-materials space was hit by worries about further tightening in China. Dow slid 214 points in its biggest drop since October 2009, wiping out all its year-to-date gains. European indices closed down by about 1.5-2%. Most Asian benchmarks are down sharply this morning.
L&T was the major loser with 6% loss. Its Q3 numbers were below the markets expectations. In a press conference, L&T said FY10 sales growth guidance was cut to 10% versus 15% aimed earlier, but reiterated that FY10 order inflow growth was seen over 30%.
YM Deosthalee, wholetime Director and CFO of L&T said delays were seen in certain projects due to which degrowth was seen this quarter. "The company's current order book stands at Rs 91,000 crore."
Abhishek Ind, ACE, Adhunik Metaliks, Amara Raja Batteries, Apar Ind, Asahi India, BHEL, Biocon, Brigade, GSFC, ICICI Bank, Idea, IBull Power, IBull Realty, Indotech Transformers, Indraprastha Gas, ING Vysya Bank, Ipca Labs, JSW Energy, Jubilant Organosys, Kirloskar Oil, Kotak Bank, L&T, M&M Financial, Ngarjuna Fertilizers, NDTV, Network 18, ONGC, Petronet LNG, Piramal Healthcare, Rolta, Sasken, Shree Cement, United Spirits, Welspun Gujarat, WWIL and Zensar Tech.
FIIs were net sellers in the cash segment on Wednesday at Rs2.71bn on a provisional basis. The local funds were net buyers of Rs3.44bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs54.2mn. As per the SEBI figures, FIIs were net sellers of Rs4.51bn in the cash segment on Tuesday.
Possibilities of further monetary tightening by China spooked world markets even as investors mulled results from top US banks. Tightening fears may not be misplaced after all, China’s Q4 GDP accelerated to 10.7% from 8.9% in Q3.
We expect a shaky start as most Asian markets are in red or flat. The outlook remains murky. The key indices will continue to consolidate at least till the RBI policy meet. Budget will be another major event as it will indicate the Government’s views on ‘stimulus exit’.
India Infoline Q3 Consolidated Income was up 39%yoy and Net Profit rose 100% yoy. Income stood at Rs3.19bn, up 1.9 % qoq and 38.7% yoy. PBT was at Rs968.5mn,up 113.5% yoy
We expect ONGC to report 21% YoY growth in revenues and 107.6% YoY jump in PAT. ICICI Bank is expected to post 7.2% YoY gain in its net interest income while net profit is forecast to grow 15.1% YoY.
Dr. Reddy's, Gayatri Projects, HDFC, HDIL, ICRA,
JK Tyre, JSW Steel, Kingfisher Airlines,
Kirloskar Bros, KPIT Cummins,
Mahindra Holidays, Mahindra Lifespaces, Mukand, Nitin Fire,
Polaris, Praj Industries, Radico Khaitan,
Raymond, Sun TV, Triveni Engineering,
TV 18, TVS Motor, Wipro and Yes Bank.
FIIs were net sellers in the cash segment on Tuesday at Rs3.62bn on a provisional basis. The local funds were net buyers of Rs225.4mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs2.73bn. As per the SEBI figures, FIIs were net buyers of Rs2.95bn in the cash segment on Monday.
We expect a positive start, thanks to the overnight rally on Wall Street. Things may turn sideways and lackluster as the day wears on. Taking a broad call on the market as of now is not warranted given the murky outlook and the fact that we are still in the middle of the earnings season.Optimism among global investors has returned to the pre-financial crisis levels, says a recent fund manager survey adding that investors are taking on above-average risk for the first time since 2006.
Derivatives indicators are pointing to some weakness though a big crash is not on the cards. The near-term range for the Nifty could prevail at 5200-5300. However, there is no guarantee that 5180 will not be broken. A big positive move out of the current range will be possible, provided the global cues remain healthy and the RBI doesn’t spring a negative surprise.
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FIIs were net buyers in the cash segment on Monday at Rs1.52bn on a provisional basis. The local funds were net sellers of Rs214.6mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs128.2mn. As per the SEBI figures, FIIs were net sellers of Rs8.9bn in the cash segment on Friday.
We expect a flat start today after Monday’s advance. Overall, the market will be choppy and rangebound. Technically, 5300 continues to be a major hurdle for the Nifty. If it is breached convincingly, the Nifty could head for 5400-5420. Support is likely at 5180-5200. A spate of stock-specific action will persist so avoid taking a broader view for now. For some time, the market may seem to go nowhere but individual stocks could have their moments of glory.
Markets have never been known to be rational. But there is some relief for households and corporates alike as sugar prices are getting rational. It remains to be seen if the Government manages to lower prices of other essential commodities as well. But, the relief may turn out to be temporary as ad-hoc measures can have only a limited impact on inflation. In any case, one should brace for a gradual and calibrated rise in interest rates.Asian shares are flat in a quiet trade, as investors await key earnings from across the globe. Gains in commodity-sector firms, helped European stocks end higher. US markets were shut due to a holiday.
Gail India, HT Media, IL&FS Investment Managers, Infotech Enterprise, Jaiprakash Associates, Sesa Goa, Shriram Transport, Sterlite Technologies and Zee Entertainment.
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Today we expect a soft opening as most global markets are in the red. The sluggish market provides an opportunity to get out of weak counters and enter relatively stronger ones. Medium to long term outlook for India is upbeat. Immediate support for the Nifty is likely to kick in at 5180-5200. Below that the levels to watch are 5150 and 5100. On the way up, the Nifty may continue to find resistance at around 5300.The quarterly numbers so far give faith that companies have done well not just by cutting costs but also by improving sales. Even as most numbers have beaten street expectations, skeptics have their doubts; they would rather wait till many more numbers are seen. The result season will switch into a higher gear even as the market awaits the RBI’s policy action.
Inflation has jumped quite a bit in recent times, especially on the food front. Though monetary policy has no direct impact on prices, the RBI is under pressure to reign in inflation expectations. A CRR hike has been discounted while a rate hike will definitely surprise the markets.On the global front too, corporate results have started coming in and could have a bearing on sentiment in case of any nasty surprises. US stocks fell by 1% on Friday despite good results by JP Morgan Chase and Intel. In fact, Wall Street suffered its worst one-day fall in 2010. US markets are shut today on account of Martin Luther King Jr. day holiday.
FIIs were net sellers in the cash segment on Friday at Rs9.3bn on a provisional basis. The local funds were net buyers of Rs6.8bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs7.09bn. As per the SEBI figures, FIIs were net sellers of Rs1.36bn in the cash segment on Thursday.
