Tuesday, August 14, 2007

Markets Today

It was a dull session as the markets ended on a flat note ahead of the independence day. There was not much in terms of cues from Asia also. The breadth was neutral and the volume was extremely thin, the total volume did not even cross Rs 40,000 crore mark.
Cement and FMCG
stocks were trading weak. Selective buying was seen in power, oil marketing and realty stocks. The broader markets did not show any upmove and ended flat.
Sensex was down 16.30 points or 0.11% at 15000.91, and the Nifty down 3.45 points or 0.08% at 4370.20.
About 1702 shares have advanced, 1200 shares declined, and 97 shares are unchanged.
The BSE Midcap Index ended at 6,563.16 down 12 points or 0.20%.
The BSE Smallcap Index ended at 8,034.56 up 6 points or 0.08%.
The BSE Capital Goods Index was closed at 12,780.51 down 0.3%. Bharat Bijlee, Greaves Cotton, BEML, BHEL, Kirloskar Bros closed lower.
The BSE Auto Index closed closed at 4,811.59 down 0.3%. Apollo Tyres, Exide Industrie, Mah and Mah, Tube Investment, Amtek Auto ended in the red.
The BSE Metal Index closed flat at 11,016.63. JSW Steel, Jindal Steel, Hindalco, Jindal Saw, Mah Seamless advanced.
The BSE FMCG Index lost 0.6% at 1,921.78. HUL, United Spirits, Dabur India, Tata Tea, Nestle, Colgate ended in red.
BSE Oil and Gas Index closed at 7,847.70 up 0.5%. Essar Oil, BPCL, Petronet LNG, ONGC, HPCL closed in green.
The BSE IT Index closed flat at 4,761.44. Mphasis, Financial Tech, TCS, Satyam closed higher.
The BSE Bankex was up 0.2% at 7,846.29. Centurion Bank, Bank of India, HDFC Bank, PNB closed higher.
BSE Realty index was up 1.2% at 7,391.06. HDIL, Phoenix Mills, Ansal Propertie, Anant Raj Ind, Akruti Nirman were the top gainers
The NSE cash turnover was at Rs 7820.21 crore and the NSE F&O turnover was at Rs 28493.98 crore. The BSE cash turnover was Rs 4207.92 crore. Total market wide turnover was at Rs 40522.11 crore.
Source: Moneycontrol.com

Intraday Calls for 14th August

Market should opens positive but I think it can see some profit booking in mid-session.

Buy:

IDBI
EVERONN
Global Vectra
PUNJ LLYOD
HANUNG TOYS
ORCHID Chemical
Torrent Power
Unitech
Nelcast
Prithvi Info

Good Luck.

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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