Just Pay Rs11000 for 12Months
[sms "Yearly" to 09825677777]
Just Pay Rs5500 for 6 Months
[sms "HALF" to 09825677777]
Just Pay Rs3000 for 3 Months
[sms "QTY" to 09825677777]
" Join profit making community...Today! "
Govt seeks to boost resources in banking, insurance, President
Govt seeks low prices of key farm, industrial commodities
Govt needs policy regime to encourage foreign investment
Govt to create 500 mln skilled people by 2022, says President
Govt plans cheap food for rural, urban poor
Govt to focus on internal security, communal harmony, says President
Today,after a flood of gains, we may have a brief dry spell in the market. We hear that the monsoon, like the economic progress, may be slow after an unexpected early start. We see a subdued start with profit-taking in most counters. Strong hands could however rescue select counters. Expectations have shot through the roof in the wake of the UPA’s massive electoral triumph. The UPA may be slower on reforms. Some expectations may not even be met. All eyes are therefore on the budget (for now).
Stocks have had a strong run in the past three months. Though the bias is positive, this leaves less headroom for major gains without a meaningful correction. Concerns remain on widening fiscal deficit, not just in India but globally. The loose monetary policy has led to a liquidity deluge. This may result in fresh asset price inflation. Crude oil has already shot up. Though there is talk of oil price deregulation, but it remains to be seen if Mr. Deora walks the talk given the political compulsion.
After hitting the 15k, markets would enter into a consolidation phase which is seen in the past couple of trading sessions. While stocks may remain firm in the near term, one must stay guarded given the euphoric rally.
Buy SESA
Buy ABB
Buy ROLTA
Buy TTML
Buy KSOIL
Shares of JSW Steel gained by 3% to Rs586. Reports stated that the company has deferred Rs350bn 10mtpa West Bengal project. The scrip touched an intra-day high of Rs591 and a low of Rs548 and recorded volumes of over 1.1mn shares on BSE
Shares of ACC surged by over 4% to Rs819 after the company announced that its cement dispatches were up 1.1% yoy to 1.82mn tones in May 2009. The scrip touched an intra-day high of Rs822 and a low of Rs792 and recorded volumes of over 1.7mn shares on BSE.
Shares of Tata Motors gained by over 3.6% to Rs362 after reports stated that Moody’s upgraded the outlook on Tata Motors from negative to table. The scrip touched an intra-day high of Rs378 and a low of Rs355 and recorded volumes of over 1.7mn shares on BSE
