&all fell down;
BSE Sensex touches 3-month low;
global concerns weigh
Friday, February 5, 2010
The International Monetary Fund Forecast :
The International Monetary Fund has forecast India's economy to grow at 6.75% in 2009/10 and 8% in 2011/12 on the back of an expected pick-up in private consumption and investment.
It forecast wholesale price inflation of 8.1% at the end of the 2009/10 year in March, and expected it to ease to 5.5% the following year.
"Private consumption would benefit from better employment prospects and less uncertainty, and investment would be boosted by robust corporate profits, rising business confidence, and favourable financing conditions," the IMF's executive board said in a statement on Thursday.
FIIs were net sellers in the cash segment on Thursday at Rs1.55bn on a provisional basis while the local funds were net buyers of Rs2.41bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers to the tune of Rs1.57bn. As per SEBI figures, the FIIs were net buyers of Rs4.86bn in the cash segment on Wednesday. Mutual Funds were net buyers of just Rs62mn in the cash segment on the same day.
Market Commentary ..
Brace for a gap-down opening as world markets are in a tizzy amid escalating concerns over the mounting debt problems in a few European nations. Whether the market manages to rebound remains to be seen as FIIs don’t seem to be in a mood to reverse their selling binge, at least for now.
Yesterday only we had warned against getting carried away with Wednesday’s rally. For those who heeded our advice though might have done better than most. Risk aversion has risen of late amid a spate of fresh worries from China’s tightening, to new restrictions for US banks to sovereign debt concerns in Europe.
For India, the big concern remains in the form of inflation and its ramifications on the stimulus-fueled recovery.
The big event for India will be the Union Budget. Expectations are already building up. The Finance Minister has its task cut out with a yawning fiscal deficit staring him in the face. The 3G auction fiasco coupled with the lukewarm response to the NTPC FPO are only adding to his troubles.
Indian News Papers ...
± L&T, EADS in talks to revive defence joint venture. (ET)
± M&M initiates talks with UK-based Triumph Motorcycles and Moto Guzzi, Italy to roll out premium bikes for the Indian market. (ET)
± GTL plans to raise Rs14bn through non-convertible debentures to invest in green energy products and solutions for telecom infrastructure. (ET)
± Reliance Capital Partners buys 3.4% stake in Fame India. (BS)
± ACC net up 42% at Rs15.64bn as against Rs11bn in the year-ago period. (ET)
± Ambuja Cements records a 12% fall in yearly consolidated net profit at Rs12.16bn as against Rs13.89bn. (ET)
± Essar Oil plans to increase its number of petrol pumps to 2,000 in the next few months from 1,450 currently. (ET)
± Dalmia Cement hikes its stake in OCL India from 21.7% to 45.4%. (BS)
Thursday, February 4, 2010
Mangalam Cement to set up 5 wind mills investing Rs44cr
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Kiri Dyes has acquired DyStar Group through its SPV Kiri Holding Singapore Pvt. Ltd.
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European markets update: FTSE and CAC Index are trading flat. DAX Index up 0.2%
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Sector Watch: Cement & Fertilizers
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Market Idea ..
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TV18
PATEL SAI
FIIs were net buyers in the cash segment on Wednesday at Rs3.96bn on a provisional basis while the local funds were net buyers of Rs4.6mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers to the tune of Rs29.54bn. As per SEBI figures, the FIIs were net buyers of only Rs109mn in the cash segment on Tuesday. Mutual Funds were net sellers of Rs2.47bn in the cash segment on the same day.
Educomp Solution has acquired US based Zaptive Internet Services for US$1.3mn. (ET)
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SAIL has hiked flat product prices by Rs500/ton effective from February 1st 2010. (ET)
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L&T has bagged orders worth Rs11bn. (ET)
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Market Commentary ..
Hopefully, the bulls will have learnt from past experience and will not go overboard with any sudden spurt. After a strong rally, we expect a subdued start as global markets have not extended this weeks spurt. However, the trading range could shift to 4900-5000 for the Nifty. A fall back to 4800 is not ruled out though and resistance is likely to kick in upwards of 5000. FII flows should turn positive, Budget should not disappoint and global situation must improve for a sustainable and meaningful advance above 5000.
Stocks in the budget-sensitive sectors could see action in the run-up to the big event. So, sectors like railways, power, infra, education, healthcare, fertilizers and textiles could hog the limelight. PSU oil marketing companies will gain in the wake of the reformist recommendations of the Kirit Parikh panel. The big question is will the Government bite the bullet on oil sector deregulation? The Government will also be hard pressed to return to the path of fiscal consolidation given the postponement of the 3G auction and expected shortfall in disinvestment proceeds.
Rising inflation and its fallout on the monetary policy could act as a dampener going ahead. Uncertainty over external factors like overheating in China, debt troubles in EU and fragile recovery in parts of industrialised world will continue to undermine sentiment.
Talking of global markets, private sector payrolls for January were down 22,000 in the US, the fewest since January 2008. Wall Street is now girding for Friday's employment report. There is a growing belief that job losses in the US economy are moderating.
As far Europe is concerned, Greece is not the only eurozone nation with debt problems, Spain and Portugal seem to be catching up fast. Outside the currency block, there could also be potential debt troubles in the UK and Japan.
Wednesday, February 3, 2010
Indian News Papers ..
India is unlikely to achieve the desired target of annual steel production capacity of 124 million tonne by 2011-12 due to slow progress in big expansion projects of different companies. (ET)
India’s coffee exports rose to to 15,103 tonnes in January, up by 65 per cent from the same last year. (ET)
Government plans to raise the cap on FDI by any single investor (currently 5%) in India’s stock and commodity exchanges .However, the overall cap on FDI for these bourses would remain 49%. (FE)
India and Germany talked about boosting their trade and security cooperation in combating global terrorism. (FE)
The MSME ministry has asked the finance minister Pranab Mukherjee to increase the lending priority and tax audit for micro enterprises. (FE)
The government said it will divest up to 15% stake in state-run Coal India Ltd in next six months. (FE)
FIIs were net sellers in the cash segment on Tuesday at Rs4.55bn on a provisional basis while the local funds were net buyers of Rs419.3mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs3.97bn. As per SEBI figures, the FIIs were net sellers of Rs488mn in the cash segment on Monday. Mutual Funds were net buyers of Rs325mn in the cash segment on the same day.
Pre Market Commentary ,,,
Today, we expect a higher opening, buoyed by firm global markets. The Nifty will remain choppy and rangebound broadly between 4800-4900. Support is expected at 4770-4780 while resistance is likely to kick in at 4950-5000. There is a chance that the Nifty could go as low as 4600, especially if global cues deteriorate further. So, trade cautiously and invest carefully. Or stay on sidelines till the near-term uncertainty subsides.
NTPC FPO opens today while Infinite Computers will make its debut.Could we see history getting repeated today on the bourses? Will the market erase gains once again after an initial spurt? Well, many might be asking these questions as the market has turned topsy turvy of late. The market suddenly slipped on Tuesday after a higher start amid persistent selling by FIIs. Even the local funds, which have been countering the sudden reversal in FII flows, were rather circumspect. Broadly, the market remains in a consolidation mode without a clear bias. Volatility is here to stay, at least in the near term, amid external concerns and anxiety over the upcoming Budget.
Tuesday, February 2, 2010
The NTPC FPO opens today while Infinite Computers will make its debut.
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सेन्सेक्स (16163.44) -192.59 अंक गिरकर, नीफ़्टी (4830.10) -69.60 अंक गिरकर, बंद..
BSE/NSE all sectoral indices ended in the red; the Realty and Bank indices slipped the most - down 2.5% and 2%, respectively. Metal, Auto, Power, Capital Goods and Oil & Gas indices fell 1.5-1.7%.
Cadila : Our delivery call target achived at 725 HOLD for next targer
Cadila :
Our delivery call
target achived
at 725
HOLD for
next targer
Economics News of INDIA
RBI said it was unlikely to change its policy in between quarterly reviews unless there was an unanticipated event. (BS)
RBI hints at curbs on capital inflows to avoid stark economic imbalances. (ET)
On the back of rising crude oil prices, India’s imports turned positive after 11 months in December 2009 when it increased by 27.3% while exports grew for the second consecutive month by 9.3%. (BS)
The World Bank said that India is likely to grow at 7.5% in the next fiscal, while for the current fiscal its estimate is a modest 6%. (ET)
The government said it will consider freeing of petrol and diesel prices after an expert panel chaired by Kirit Parikh gives its views this week. (FE)
Banks want farm targets delinked from infra loans. (BS)
INDIAINFO : Our call trading strong close to first target at 124 HOLD FOR NEXT TARGET
INDIAINFO :
Our call trading strong
close to first target at 124
HOLD FOR NEXT TARGET
GVK Power and Infrastructure has managed to arrange Rs24bn funding for its 540MW Goindwal Sahib power plant in Punjab.
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The country's top three IT services firms - TCS, Infosys and Wipro - are in the race for the Rs 1bn e-migrate project under the ministry of overseas I
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NTPC plans to add 4,150MW in FY11. (BL)
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FIIs were net sellers in the cash segment on Monday at Rs4.94bn on a provisional basis. The local funds were net buyers of Rs1.99bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs7.37bn. As per SEBI figures, the FIIs were net buyers of Rs1.97bn in the cash segment on Friday. Mutual Funds were net buyers of Rs6.36bn in the cash segment on the same day.
Pre Market Commentary ...
Today we expect a healthy start on the back of firm global cues. The key indices may run out of steam if global markets fail to sustain Monday’s rise. The broader market resumed its out-performance of large caps and might extend the same. But, be extremely careful of what you are buying. With some improvement in sentiment, the Nifty may once again target 5000 but will face bumps along the way. Fresh selling is not ruled out at higher levels amid mounting external worries.
The health of the Indian economy seems to be getting better by the day if the latest reports on manufacturing and foreign trade are any indication. Hopefully, the wealth will also follow likewise on the bourses. Auto sales remain on the fast track, underscoring a pick-up in consumer confidence. The only drag is a sub-par credit growth and dwindling tax receipts. Hopefully, they will also start improving in the coming months. That will partly hinge on the Government action or lack of it, if any. Budget should make things amply clear as far as the policy roadmap is concerned. Till then, the market may remain sideways and volatile.
Monday, February 1, 2010
सेन्सेक्स (16356.03) -1.93 अंक गिरक, नीफ़्टी (4899.70) 17.65 अंक चढ्कर, बंद..
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Indian News Papers ...
*FCS is expecting a growth of 100% in revenue and 78% in net profit in quarters. Promoter holding is 66%
*Consolidated revenue from global operation is Rs 9.04 cr for the quarter ended on December 31,2009 as against 4.53 cr in corresponding quartere of the previous year.
*EBITA for 15.86 cr v/s 10.01 cr with 59 % growth.
*PAT for the December 31,2009 ended @ 9.62 cr v/s 5.40 cr with a growth of 78%
*Co is planning to acquire co’s based into UAE and United Kingdom for expansion. It will soon in near future is planning to acquire USA Based co.
*Co has also successfully inaugurated its subsidiary in Middle East, Ras Al Khaimah - Free Trade Zone (RAK) and entered into agreement with MACNES in UAE for promoting and selling its services to their clients.
Technically, 4800 remains a critical level. A sustained close below this could spell trouble for bulls. The Nifty may fall as low as 4600-4650. The up
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Pre Market Commentary ..
Friday’s late spurt may have raised hopes of an encore at least on Monday. But, with most global indices flashing the red signs, looks like the Indian market will turn lower again. We expect a slight dip at start and another choppy session.Wait and watch should be the mantra in the near term to overcome the current phase of uncertainty and volatility. Be extremely choosy while picking up stocks at this juncture.
You have all the time to closely examine each opportunity. We repeat, do proper due diligence lest you have to pay a heavy price later. For the time being, most stocks look neither ready nor steady for a convincing buy.The ongoing consolidation though presents an excellent opportunity to revamp one’s portfolio. Get rid of weak stocks and replace them with potential outperformers..
Friday, January 29, 2010
RIL : no jai no viru....
TRADING STRONG
HOLD FOR 1054, 1064 ++++++
INTRADAY
"Enthusiasm is the greatest asset in the
world. It beats money and power and
influence. It is no more or less
than faith in action."
- Henry Chester
world. It beats money and power and
influence. It is no more or less
than faith in action."
- Henry Chester
RBI credit policy: CRR hiked by 75bps to 5.75%
RBI hikes CRR by 75 bps to 5.75% vs 5%
The Reserve Bank of India has hiked its cash reserve ratio
by 75 bps to 5.75% as against 5% at its credit policy meet today.
(100 basis points=1%) The move will be implemented in two stages.
Bankers say that even if the CRR is raised,
they have no leeway to raise rates because nobody is
demanding money much these days.
Cadila : Our delivery call trading strong at 706 HOLD for targer
HOLD FOR 714 & 735 PLUS
OUR PAID CLIENTS
MINTS MONEY!!
join us!!
Important Levels as per CHARTS!!
Market likely to volatile
3 Consecutive close below 4860
will take Nifty Future to 4730-4677
AQUA LOGISTICS LTD IPO Under Subscribed on the last day
AQUA LOGISTICS LTD
Will close on Feb 02,2010 instead of the earlier closing day on Jan 28,2010.
Further price band has been revised from Rs 220/- to Rs 230/- per share to
Rs 200/- to Rs 225/- per share.
Market Commentary ...
Today,we expect a weak start and the Nifty could slip below 4800. Hopefully, some semblance of buying will give support else the Nifty could drop to as low as 4650-4680. Resistance is expected between 4900 and 4950. We do not rule out the possibility of a rebound above 5000, if the RBI hikes only the CRR.
There is no time to live with the gains of yesterday. A positive close came in after six successive days of losses. The little smiles could get wiped out early this morning as most global markets are down. Asian stock markets got off to a shaky start after the overnight fall on Wall Street. However, the Shanghai Composite has recovered and is trading just in the green.
Volatility is likely to remain elevated in the near term due to the global jitters and relentless selling by the FIIs. The spate of primary market issues, especially from the Government could also cause a few temporary hiccups. Going further ahead, speculation over the Budget will take precedence and one hopes the UPA doesn’t disappoint this time.
Thursday, January 28, 2010
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hot....Buy & HOLD KFA 555
LEVELS TO PAID CLIENTS ONLY
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Sector Avoid: Hotel, Metal & Aviation
Market likely to volatile
3 Consecutive close below 4860
will take Nifty Future to 4730-4677
IPO updates ..
D. B. Realty Ltd. IPO Opens on 29th Jan to 2nd Feb.
Emmbi Polyarns Ltd. IPO Opens on 1st Feb to 3rd Feb.
Aqua Logistics IPO 2nd Day Subscribed 0.11 (Average)
Syncom Healthcare IPO 1st Day Subscribed 0.48 (Average)
Thangamayil Jewellery IPO 1st Day Subscribed 0.11 (Average)
Vascon Engg. IPO 1st Day Subscribed 0.23 (Average)
Aegis Ltd IPO may hit markets by May 2010. (BS)
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Power Grid Corp Board has given in-principle approval for a FPO. (BS)
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Board of Directors of HUL has approved a proposal to merge its wholly-owned subsidiary Bon with itself with effect from April 1, 2010. (ET)
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CESC Ltd is now leading the race to secure power distribution licence for Patna. (BL)
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Tata Steel awaits Jharkhand resettlement and rehabilitation policies to start a 12mtpa Greenfield project near Tontaposhi. (FE)
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FIIs were net sellers in the cash segment on Wednesday at Rs22.12bn on a provisional basis. The local funds were net buyers of Rs14.75bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs7.49bn. As per the SEBI figures, FIIs were net sellers of Rs9bn in the cash segment on Monday.
Market Commentary ...
The worst of the storm has passed for the economy, says President Obama in the State of the Union address minutes ago. After having a torrid time over the last few sessions and suffering heavy losses, bulls could heave a sigh of relief today.Things appear to be stabilising a bit after the recent storm. US stocks ended higher and a rebound in Asian markets. European stocks closed in the red, dragged down by losses in banks. We expect a higher opening on firm global cues. The SGX Nifty futures are pointing to a 1% gain at start.
Volatility could escalate due to the F&O expiry as also due to the near-term uncertainties. The Nifty could cross 4900 but it remains to be seen if it sustains above that level. The Nifty will find it tough to surpass 5000 unless FIIs turn buyers again and global mood improves.The central bank is expected to hike CRR. The market could stage a meaningful recovery in the ensuing days if the RBI does not spring a nasty surprise.
Results Today:
Aban Offshore, Alstom Projects, Apollo Hospitals, Avaya Global, BOI, Bharati Shipyard, Blue Dart, BPCL, BPL, Britannia, Cairn India, Canara Bank, Central Bank, Cipla, Colgate India, Crompton Greaves, Den Networks, Dena Bank, Dredging Corp., Engineers India, Federal Bank, GMR Infra, IOB, IRB Infra, IVRCL Infra, J&K Bank, Jai Corp., Jain Irrigation, Jindal Steel, Jindal Stainless, Kesoram, Madras Cements, Marico, MRF, Mundra Port, Opto Circuits, OBC, Pidilite, Reliance Media, Tata Steel, Tata Tea, Torrent Power, Ucal Fuel and United Phosphorus.
Wednesday, January 27, 2010
सेन्सेक्स (16289.82) -490.64 अंक गिरकर, नीफ़्टी (4853.10) -154.80 अंक गिरकर, बंद..
Stock Maket down 490 pts,
markets see highest-ever turnover
The markets reported highest ever turnover of Rs 1,82,984.16 crore, including biggest ever NSE F&O turnover of Rs 1,58,503.98 crore, which might be because of margin calls. The NSE cash turnover was at Rs 18,715.98 crore and BSE cash at Rs 5,764.20 crore.
PGCIL is set to float its overseas subsidiary by early next year to tap the opportunities outside the country. (BS)
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Hotel Leela Venture would raise up to US$130mn through a mix of issue of equity shares via QIPs and/or FCCBs. (FE)
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NMDC will offer 332mn shares, constituting 8.38% of its equity, through its follow-on public offering. (BL)
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DLF is likely to complete the sale of DT cinemas to PVR Ltd in a fortnight. (BS)
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FIIs were net sellers in the cash segment on Monday at Rs10bn on a provisional basis. The local funds were net buyers of Rs7.16bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs149mn. As per the SEBI figures, FIIs were net sellers of Rs20.5bn in the cash segment on Friday.
Results Today ...
Adani Enterprises, Adani Power, Aptech, BOB, Bombay Dyeing, Century Textiles, Dabur India, Dewan Housing, DLF, EIH, EMCO, Everonn Systems, FDC, GMDC, HM, Hindustan Oil Exploration, HPCL, Indian Hotels, Ingersoll Rand, Jyothy Labs, Kansai Nerolac, Lanco Infra, Maharashtra Seamless, Nagarjuna Construction, Natco Pharma, NALCO, Orbit Corp., Patel Engineering, PNB, SAIL, Shiv Vani Oil, Torrent Pharma, Trent, Union Bank and Whirlpool India.
Pre Market Commentary ..
Thank God for big mercies! That’s what the bulls may have thought during the Republic Day holiday. The situation, however, does not seem to have improved. Today, we expect a weak start as global cues are indecisive. The SGX Nifty is showing a sharp fall. The F&O expiry and uncertainty all around will only add to the volatility.
The events to keep an eye on for the coming days include today’s Fed announcement, the RBI policy meeting on Friday and of course the spate of earnings.
Though the Nifty has managed to stay above 5000 in the face of the sudden worsening of sentiment, the bulls have been at the receiving end following the recent selloff.
The Nifty could rebound from 4930-4950 levels and 5000 remains a critical level to watch. If the selling persists a bit more, the Nifty could fall as low as 4840. On the way up, resistance is expected to kick in at around 5120.
Tuesday, January 26, 2010
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JAI HIND!! Market will remain close today on account of republic day.
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WISH YOU ALL
JAI HIND!!
WISH YOU ALL
JAI HIND!!
Monday, January 25, 2010
Nifty important levels AS PER CHART!!
Nifty 4973/4941 is the major support.
if it brecks then 4730-4800
Upside target above 5081/5130
5230-5300
Shipping ministry is evaluating the disinvestment process in SCI and Dredging Corp of India and will take a final call on the issue early-next fiscal.
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