P.G. Electroplast IPO Opens Today

Religare Finvest NCDs Issue Opens on 9^th Sep. & Closes on 26^th Sep. 2011

T.D. Power & Basis of Allotment declared

&

Full & Firm allotment to retail investor

T.D. Power & SRS Ltd. IPOs likely to list 8/9^th September, 2011

Most negative atmosphere for the bond issue, laid in pipeline following numerous

Application were reported withdrawn from Muthoot finance and Mannapuram

Mutual Fund market is too impacted badly as the

SBI Gold Scheme, opened on August 22, worth Rs. 800 crore

Could raise merely Rs. 80 crore

For Further information scroll to primary market

BUY AND HOLD

BUY AND HOLD "RELIANCE IND"

सेन्सेक्स (16,862.81) +149.48 अंक चढ्कर, नीफ़्टी (5,064.30) +47.10 अं क चढ्कर, बंद..

FTSE index up 0.2%, CAC index up 0.9%, DAX index up 0.9%

Global Data Watch:

Reserve Bank of Australia monetary policy statement, Euro-zone 2nd-quarter GDP, German factory orders, US non-manufacturing data and Speech by Fed's President of the Minneapolis.

Foreign Funds Investors movements,

FIIs were net buyers of Rs 1.33bn in the cash segment on Monday, according to the provisional NSE data. The domestic institutional institutions (DIIs) were net sellers at Rs 1.47bn on the same day. FIIs were net sellers of Rs 3.52bn (provisional) in the F&O segment.

The foreign funds were net buyers of Rs 11.78bn in the cash segment on Friday, as per SEBI data. Mutual Funds were net sellers at Rs 2.68bn on the same day.

Market Commentary

The government is trying to do its best these days. UPA II has been besieged by a spate of corruption cases over the past several months. This has left crucial policy making in a limbo. Lately, the Centre has been able to reverse the drift and has announced some promising measures. The new Land Acquisition Bill is one of them. The arrest of mining barons – the Reddy brothers – is seen as another. 

That said, there is still plenty of work left to be done. Inflation is uncomfortably high, interest rates are elevated, global picture is getting uglier and investments are not forthcoming. Also, there are fears of fiscal deficit overshooting FY12 estimate. Let’s hope things on the macro-economic front don’t get worse from here on.

The start is likely to be a tad subdued due to the big crash overnight in European markets. But few Asian markets like China have recovered from intraday lows. US markets were closed but may remain under pressure today due to ongoing economic woes.

India has shown commendable resilience as FII inflows have picked up. Inflation numbers on Sept. 14 and the RBI meet on Sept. 16 are among the few important near-term events to keep on one’s radar apart from daily global developments.

The Indian equities proved to be resilient on Monday with the NSE Nifty holding on to the 5000 level despite very weak global cues. The short term trading range for the Nifty is seen at 4910-5150.

New Listing Review

Co. Name		Offer Price		Listing Price	Listing Day High	Listing Day Low	Listing Day Close
VMS Industries		40.00		43.95	49.25	24	28.50
Timbor Home		63.00		72.00	94.50	72.00	91.20
Birla Pacific		10		10.10	30.70	10.10	25.35
Rushil Decor		72		81.25	124.05	75.00	119.65
Ready Made Steel		108		115	117.75	62.30	66.45
Bharatiya Global		82		84.00	84.00	27.15	30.95
Inventure Growth		117		119.00	225.00	91.55	207.95
L & T Finance		52		51.00	52.50	49.50	49.95
Tree House Education		135		132.80	161.50	104.15	116.55
Brooks Laboratories		100		110.00	131.10	57.75	60.20

Nifty & Sensex Levels

Nifty / Sensex	F & O Close Rate	R-1	R-2	S1	S2
Nifty	5010.30	5040	5070	4980	4950
Sensex	16713	16803	16893	16623	16593

Sell Call

Scrip Name	F & O Close Rate	Target 1	Target 2	Stoploss
HDFC	650.45	640	630	662
ONGC	256.60	252	248	262
Wipro	321.45	316	312	328

Buy Call

Scrip Name	F & O Close Rate	Target 1	Target 2	Stoploss
Reliance Infra	476.20	482	486	470
Rel. Comm.	88	90	92	85
L & T	1625.25	1642	1655	1600
Rel. Capital	422.35	428	432	415

P.G. Electroplast IPO Opens on 7^th Sep. & Closes on 12^th Sep.

The investors of bond market got jolted with discount listing of Shriram City Union

The attraction for Bond issue has finally subsided, Uphill task for new bond issue

Muthoot Finance got 35,000 application,

Strong possibility of withdrawal and stop payment worth Rs. 80/85 crore

Most negative atmosphere for the bond issue, laid in pipeline following numerous

Application were reported withdrawn from Muthoot finance and Mannapuram

Mutual Fund market is too impacted badly as the

SBI Gold Scheme, opened on August 22, worth Rs. 800 crore

Could raise merely Rs. 80 crore

For Further information scroll to primary market

BUY AND HOLD

BUY AND HOLD "HPCL"

सेन्सेक्स (16,713.33) -108.13 अंक गिरकर, नीफ़्टी (5,017.20) -22.80 अंक गिरकर, बंद.

FTSE index down 1.5%, DAX index down 2.8%, CAC index 2.8%

 

"Hero Motocop" Trading Strong

Our Delivery Call To Buy "HERO MOTOCOP"
Trading Above 2145,Last Week Buy Call Given At 2025.

Target Achieved-Our Morning Call "HPCL" At 387+

Target Achieved-Our Morning Call "HPCL" At 387+

Market Commentary

Just when it looked like the Indian market was getting into a groove comes yet another shocker from the offshore markets. Indian equities will face selling pressure early on, tracking Friday’s big fall on Wall Street. US stocks sank after the government’s jobs report re-ignited fears of double-dip recession.

European markets did even worse amid fresh worries over Greece’s financial bailout. Most Asian markets are in the red, underpinned by the dismal US jobs data. Oil futures are down while the dollar is up. Gold continues to attract safe haven buying.

Indian markets can take heart from the recent turnaround in FIIs flows. Monsoon has been good over the past couple of weeks. But, inflation remains stubbornly high, probably prompting the RBI to go for at least one more hike on Sept. 16.

Interest rate decisions are due from a slew of central banks this week. Markets will also react to Chinese data on Friday.

US markets are shut on Monday on account of the Labour Day.

Nifty & Sensex Levels

Nifty / Sensex	F & O Close Rate	R-1	R-2	S1	S2
Nifty	5034.10	5115	5195	4954	4875
Sensex	16821	17064	17091	16581	16344

Sell Call

Scrip Name	F & O Close Rate	Target 1	Target 2	Stoploss
IDFC	110.50	102	99	116
HUL	320.50	310	299	332
TCS	1022.20	1002	988	1033

Buy Call

Scrip Name	F & O Close Rate	Target 1	Target 2	Stoploss
Reliance	805.30	826	840	789
Reliance Capital	402.35	415	426	348
Reliance Comm.	84.40	87	89	80
DLF	204.25	212	220	192

Brooks Laboratories Limited (BSE Code: 533543)

P.G. Electroplast IPO Opens on 7^th Sep. & Closes on 12^th Sep.

The investors of bond market got jolted with discount listing of Shriram City Union

The attraction for Bond issue has finally subsided, Uphill task for new bond issue

Muthoot Finance got 35,000 application,

Strong possibility of withdrawal and stop payment worth Rs. 80/85 crore

Most negative atmosphere for the bond issue, laid in pipeline following numerous

Application were reported withdrawn from Muthoot finance and Mannapuram

Mutual Fund market is too impacted badly as the

SBI Gold Scheme, opened on August 22, worth Rs. 800 crore

Could raise merely Rs. 80 crore

For Further information scroll to primary market

BUY AND HOLD

BUY AND HOLD "HPCL"