Buy Bajaj Auto
Buy EKC
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Buy Bajaj Auto
Buy EKC
Buy BRFL
Buy
FIIs were net buyers in the cash segment on Tuesday at Rs1.69bn on a provisional basis. The local funds were net sellers of Rs1.47bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs1.85bn. FIIs were net sellers of Rs680mn on Monday. FIIs' net investments in Indian stocks this year have crossed $15bn. Mutual Funds were net buyers of Rs2.19bn on Monday.
Reliance confirms that it has submitted to LyondellBasell a preliminary non-binding offer to acquire, for cash, a controlling interest in LyondellBasell upon its emergence from Chapter 11 pursuant to its plan of reorganization. The offer is preliminary and subject to customary conditions including conduct of due diligence, documentation and receipt of sufficient creditor support.
Reliance is reviewing a number of global opportunities for growth in its core business. This review is ongoing and there can be no assurance of the outcome with respect to any of the opportunities under review, including with respect to LyondellBasell, or that any approach made in connection with such opportunities will result in a transaction.
SEBI has asked Reliance Industries why it should not be barred from accessing the stock markets under rules governing fraudulent and unfair trade practices. (BS)
Shares of Bharti Airtel lost further ground hitting is lowest level in over half a year after the tariff war in the mobile telecom space got fiercer. Bharti Airtel hits its new 52-week low after the company cut roaming rates by as much as 60% to match offers by newcomers including NTT DoCoMo Inc.
On Monday, the stock slipped 4% to Rs275. The stock opened at Rs289 and made an intra-day high of Rs290 and a low of Rs275. Total traded volumes stood at 4.2mn shares.
FIIs were net sellers in the cash segment on Monday at Rs1.68bn on a provisional basis. The local funds were net buyers of Rs1.3bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs3.94bn. FIIs were net sellers of Rs1.26bn on Friday. FIIs' net investments in Indian stocks this year have crossed $15bn.
Today, keep your goals reasonable and don’t forget to take some gains home. Overall, the sentiment is positive. So, ride the momentum but some selloff is not ruled out as the market is near a year’s high. We expect a cautious start due to mixed Asian cues. As usual, trading will be volatile ahead of F&O expiry.
The Nifty could take a shot at 5200 though it may not surpass it. It may find support near 5075-5080 in case the market dips. The undertone will continue to hinge on global developments. A slew of economic reports are due in the US, which will have a truncated week due to the traditional start to the holiday season. Local event to watch out for is the release of Q2 GDP data.
Risk appetite seems to be up again after showing signs of a fatigue last week. Gold has hit a new record. Other risky assets have also advanced at the cost of the dollar. The underlying feeling is that central banks are unlikely to reverse the extraordinary stimulus anytime soon. This means the dollar will remain under pressure.
Today, bulls will hope for a bounce back at regular intervals during the interim rough patch being seen on the bourses. At the same time bears will continue to scout for money making opportunities. One should remain on guard as volatility could escalate ahead of Thursday’s F&O expiry. Don’t get hurt while the bull-bear tussle is on.
The Nifty is likely to oscillate between 5100 and 4900 depending on the news flow and fund flows. With the key indices up smartly from March lows, the upside may be limited from here on. There are some concerns on the pace of the rally amid a somewhat murky outlook but no need to panic as such. Globally, risk appetite may start easing a bit as we approach the year end. Demand for defensive plays may shoot up. Dollar’s movement will continue to determine the near-term fate of global equities. Economic data will of course continue to have a bearing on sentiment. The overseas Christmas holiday season will also be keenly followed. For India, the big event will be Q2 GDP data.
FIIs were net sellers in the cash segment on Friday at Rs4.64bn on a provisional basis. The local funds were net buyers of Rs184.6mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs2.98bn. FIIs were net sellers of Rs3.34bn on Thursday. Mutual Funds were net sellers of Rs1.77bn in the cash segment on the same day. FIIs' net investments in Indian stocks this year have crossed $15bn.
Today we expect a ‘flat-to-soft’ start. Things might look up later if some short covering takes place or if world markets resume their ascent. We don’t see a big crack as yet but some more softening is not ruled out. Technically, the Nifty could take support at 4910 and resistance is likely around 5060. Sugar stocks will remain in limelight due to farmers’ protest.
Sound reasons seem to be missing from the market. In face skepticism over the strength of the economic recovery and some pessimism over the future prospects is preventing a strong advance for some time. Like in October, when the Sensex and the Nifty lost about 7%, there appears to be another period of consolidation. Though the October losses have been recouped this month, the key indices are struggling to re-test the October highs. The sideways trend may continue for a while and much will hinge on how the global markets behave. The dollar movement is also being closely watched.
FIIs turned net sellers in the cash segment on Thursday at Rs4.59bn on a provisional basis. The local funds were net buyers of Rs1.17bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs5bn. The foreign funds were net buyers of Rs5.22bn on Wednesday. Mutual funds were net sellers of Rs3bn in the cash segment on the same day. FIIs' net investments in Indian stocks this year have crossed $15bn.
Buy Rolta
Buy
FIIs were net buyers in the cash segment on Wednesday at Rs4.12bn on a provisional basis. The local funds were net sellers of Rs2.56bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs13.72bn. The foreign funds were net buyers of Rs594bn on Tuesday. Mutual funds were net sellers of Rs3.08mn in the cash segment on the same day. FIIs' net investments in Indian stocks this year has already crossed $15bn.
Buy ROLTA
Buy Chennai Petro
FIIs were net buyers in the cash segment on Tuesday at Rs4.63bn on a provisional basis. The local funds were net sellers of Rs2.35bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs3.25bn. The foreign funds were net buyers of Rs6.79bn on Monday. Mutual funds were net sellers of Rs492mn in the cash segment on the same day. FIIs' net investments in Indian stocks this year has crossed $15bn, as per SEBI's web site.
Buy Noida Toll
Buy India Bank
FIIs were net buyers in the cash segment on Monday at Rs5.44bn on a provisional basis. The local funds were net sellers of Rs2.95bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs1.53bn. The foreign funds were net buyers of Rs6.72bn on Friday. Mutual funds were net buyers of Rs985mn in the cash segment on the same day. FIIs' net investments in Indian stocks this year has almost touched $15bn, as per SEBI's web site.
Buy EKC
Buy Patel Eng
FIIs were net buyers in the cash segment on Friday at Rs4.71bn on a provisional basis. The local funds were net sellers of Rs254mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs6.47bn. The foreign funds were net buyers of Rs1.51bn on Thursday. Mutual funds were net sellers of Rs2.55bn in the cash segment on the same day. FIIs' net investments in Indian stocks this year has crossed $14.8bn.