Markets Today

It was a strong seesion for markets and they closed near the highest point of the day. Sensex ended with gains of around 200 points above 14,200 and the Nifty was up over 55 points above 4,150 levels.

The gain was inline with global markets. Asia ended strong most of the Asia ended up 1% and even Europe opened strong. Buying was seen in scrips across sectors. The midcaps and the smallcap outperformed the frontline indices. Nifty discount futures had widened at around 14 points. The market breadth was positive but the volume was relatively low.

There was lot of stock specific action. Nicholas Piramal ended up 6% on the back of news that it is examining possibility of hiving off R&D biz

HDFC, Tata Steel, Bharti Airtel, ACC, SAIL and Siemens are among the top gainers.

In the midcap space Aarti Ind up 20%, Mic Electronics up 15%, Hilton Metal up 13%, ICRA 11%.

Infosys, Reliance, Icra, Time Techno, Sun Pharma and Unitech are among the most active stocks on indices.

9.9 lakh TVS Motor shares change hands on NSE at Rs 65/share and the stock is up 4%.

DLF IPO has closed and it was subscribed 2.57 times till now, 87% bids at Rs 550/sh.

Sensex was up 200.69 points or 1.43% at 14203.72, and the Nifty up 56.95 points or 1.38% at 4170.
About 1662 shares have advanced, 763 shares declined, and 88 shares are unchanged.
The BSE Midcap Index ended at 6,161.61 up 96 points or 1.6%.

The BSE Smallcap Index ended at 7,320.91 up 97 points or 1.34%.

The BSE Bankex was up 0.7% at 7,417.66. Andhra Bank, Bank of Baroda, Bank of India, Federal Bank moved upwards.

The BSE Capital Goods Index was up 2.3% at 10,972.02.Alstom Projects, Astra Microwave, AIA Engineering, Siemens, Areva T&D, L&T closed higher.

The BSE Health Care Index was up 1.2% at 3,793.43. Nicholas Piramal, Aurobindo Pharm, Biocon, Ranbaxy Labs, Novartis India, Cadila Health closed higher.

The BSE Auto Index closed at 4,667.35 up 0.8%. TVS Motor, Ashok Leyland, Escorts, MICO, Amtek Auto surged.

The BSE Metal Index closed at 10,567.54 up 2.8%. JSW Steel, SAIL, Sesa Goa, Mah Seamless, Tata Steel advanced higher.

The BSE FMCG Index gained 0.4% at 1,780.67. United Brewerie, United Spirits, Bata India, Colgate, Tata Tea closed higher.

BSE Oil and Gas Index closed higher at 7,492.62 up 1.3%. Petronet LNG, Reliance Natura, ONGC, Reliance Petro ended in green.

The BSE IT Index gained 1.4% at 5,033.76. Patni Computer, I-Flex Solution, Infosys, Mphasis closed higher.

The NSE cash turnover was at Rs 8370.04 crore and the NSE F&O turnover was at Rs 28760.54 crore. The BSE cash turnover was Rs 4407.78 crore. Total market wide turnover was at Rs 41538.36 crore.

Source: moneycontrol.com

Intraday Calls for 14th June

Nifty: Support is 4100 and Resistance are 4150, 4200.
Sensex: Supports are 14000, 13970 and Resistance are 14120, 14200

Market opens Positive, Remain Positive and Close with nice gain.

Buy Reliance Industries @ 1675/- Target Rs. 1700-1720/- SL Rs. 1670/-
Buy RCOM @ Rs. 486/- Target Rs. 500/- SL Rs. 482/-
Buy BRFL @ Rs. 212/- Target Rs. 220-225/- SL Rs. 208/-
Buy Indiabulls @ Rs. 522/- Target Rs. 530-540/- SL Rs. 518/-
Buy Rain Calsning @ Rs. 42/- Target Rs. 45/- SL Rs. 39/-
Buy Wyeth Ltd. @ Rs. 560/- Target Rs. 575-580/- SL Rs. 552/- (300% Dividend)
Buy Carborundum Universal Ltd. @ Rs. 170/- Target Rs. 180+ SL Rs. 165/-

Others are: Infosys (1982), Bank of Baroda (248), IFCI (47), IDEA (111), IDBI (98), GTL (222), Nitin Fire (380), Renuka (613).

Good Luck.

Markets Today

The markets closed on an extremely weak note near the lowest point of the day. Sensex slipped below the 14,000 mark and the Nifty was hovering around the 4,100 levels. In terms of cues Asia was subdued except for China's Shanghai Composite which ended up around 2.5%.
Smallcap & midcaps which were holding out their gains till noon ended in red giving market an extremely negative breadth.
Oil marketing companies, telecom, banking stocks took it on their chin.However select pharma, IT and real estate stocks were relative ouperformers.
Time Technoplst closed with 56% premium despite weak markets.
The BSE Small Cap Index closed at 7,224.27 down 0.06%.
The BSE Midcap Index ended at 6,065.63 down 0.31%.
The BSE FMCG Index closed at 1,772.80 down 1%. Tata Tea, Britannia, HLL, United Spirits closed in red.
The BSE Metal Index was down 0.8% to close at 10,275.27. Shree Precoated, SAIL,Tata Steel, Hind Zinc, Jindal Saw were among the losers.
The BSE Health Care Index was up 0.23% at 3,739.84. Wyeth, Orchid Chemical, Dr Reddys Labs, Nicholas Pirama, Sun Pharma closed higher.
The BSE Capital Goods Index was down 1.22% at 10,724.38. ABB, Suzlon Energy, Triveni Engg, Alstom Projects, L&T, Reliance Infra ended lower.
The BSE Auto Index closed at 4,628.54 down 0.30%. Amtek Auto, Bharat Forge, Escorts, TVS Motor, Hero Honda among the losers
The BSE IT Index closed at 4,966.87 down 0.2%. Patni Computer, Wipro, Tech Mahindra, TCS, Infosys ended weak.
The BSE Bankex was down 1.14% at 7,453.52. SBI, Bank of India, Oriental Bank, Kotak Mahindra, Bank of Baroda closed lower
The BSE Oil and Gas Index closed at 7,397.36 down 1.3%. BPCL, GAIL, HPCL, Reliance, IOC closed in red.
The NSE cash turnover was at Rs 8086.05 crore and the NSE F&O turnover was at Rs 34009.31 crore. The BSE cash turnover was Rs 4169.31 crore. Total market wide turnover was at Rs 46264.67 crore.

Source: moneycontrol.com

Intraday Calls for 13th June

Nifty: Supports are 4140, 14100 and Resistance are 4175, 4190.
Sensex: Support is 14000 and Resistance are 14150, 14200.

Today Market will looks weak in 1st half but some recovery can be seen in second half and may close flat. High volatility contineous.

New Listing: TIME Technoplast, Super listing around 400-450. Buy for target of Rs. 500+.

Buy Reliance around 1700/- Target Rs. 1720-1725/- SL Rs. 1690/- (Ultimate Target Rs. 1800/-)
Buy Nitin Fire around Rs. 390/- Target Rs. 410-415/- SL Rs. 380/-
Buy MIC Electronic around Rs. 330/- Target Rs. 345/- SL Rs. 322/-
Buy Rolta around Rs. 410/- Target Rs. 425/- SL Rs. 400/-
Buy Cummins around Rs. 315/- Target Rs. 325-330/- SL Rs. 308/-
Buy Indiabulls around Rs. 515/- Target Rs. 522-530/- SL Rs. 505/- (Resistance @ 522/-)

Others are: Riddhi Siddhi Gluco (280), Renuka (625), Bajajhind (170), Grindwell (145), Panasonic Battery (72), Tata Steel (600).

Buys on decline as market can open weak today.

Good Luck.

Markets Today

After opening with a positive gap of 39 points at 14,122, the Sensex exhibited lacklustre movement in morning trades. A fresh round of selling in noon trades saw the index break the psychological level of 14,000, and drop to a low of 13,947.

However, renewed buying interest mainly in heavyweights Tata Steel, Reliance and ICICI Bank helped the index recover losses and rebound into the positive zone. Aggressive buying with some short-covering saw the index rally to a high of 14,153 - up 206 points from the day's low.

The Sensex finally ended with a gain of 48 points at 14,131.

The market breadth is negative - out of 2,581 stocks traded, 1,678 declined, 823 advanced and 80 were unchanged today.

MOVERS & SHAKERS

ACC zoomed 5.5% to Rs 807. Grasim surged 2% to Rs 2,395, and Gujarat Ambuja was up nearly 1% at Rs 110.
Tata Steel rallied 4% to Rs 603. ICICI Bank and Reliance advanced 2% each to Rs 919 and Rs 1,700, respectively.

HDFC and Hero Honda were up 1% each at Rs 1,781 and Rs 706, respectively.Satyam plunged nearly 4% to Rs 478. Dr.Reddy's and Maruti slipped around 2% each to Rs 611 and Rs 719, respectively.

Tata Motors, Reliance Communications and Cipla declined around 1.5% each to Rs 641, Rs 498 and Rs 208, respectively.NTPC, HDFC Bank and Hindalco were down 1% each at Rs 153, Rs 1,087 and Rs 159, respectively.

VALUE & VOLUME TOPPERS

Reliance topped the value chart with a turnover of Rs 176.65 crore followed by Nitin Fire (Rs 130 crore), Reliance Communications (Rs 99.40 crore), SBI (Rs 94.75 crore) and Tata Steel (Rs 82.70 crore).

G V Films led the volume chart with trades of around 1.25 crore shares followed by Reliance Natural (93.30 lakh), S.Kumars (66.65 lakh), IFCI (62.20 lakh) and IKF Technologies (55.90 lakh). (from Business Standard)

DLF IPO:

The mega initial public offer of realty giant DLF, through which the developer is expecting to garner Rs 9,625 crore, on Tuesday got fully subscribed. The IPO got subscribed 1.04 times on its second day of offer, receiving 18.27 crore bids for 17.5 crore equity shares on offer, latest data available on the stock exchanges shows. Besides, 23,13,020 bids were received at cut-off price, the data shows. The issue had received bids for 78 per cent shares yesterday, when the IPO opened for subscription. The Qualified Institutional Buyers (QIB) portion constituting of Foreign Institutional Investors, domestic financial institutions and Mutual Funds was subscribed 1.28 times the shares reserved for them on the first day itself.

Vishal Retail IPO:

The initial public offering of Vishal Retail Ltd. has received a lukewarm response with the issue subscribed just 0.07 times. As per the National Stock Exchange web site, out of the total issue of 47,82,609 shares, bids for 3,25,375 shares have been received and of this 2,79,150 shares are at cut-off price. (Economic Times)

Intraday Calls for 12th June

Nifty: Supports are 4140, 4100 Resistance are: 4190, 4200
Sensex: Supports is 14000 and Resistance are 14100, 14200

Market looking weak, but I think some recovery expected after weak opening and may ends flat to positive. Highly volatile market, be carefull.

Buy NTPC (155) Target Rs. 158-160/- SL Rs. 152/-
Buy Bank Of Baroda (260) Target Rs. 265-270/- SL Rs. 255/-
Buy Asahi India (104) Target Rs. 108-110/- SL Rs. 100/-
Buy Nitin Fire (414) Target Rs. 420-430/- SL Rs. 405/-
Buy Hindalco (160) Target Rs. 164-165/- SL Rs. 157/-
Buy KPIT (148) Target Rs. 152-155/- SL Rs. 145/-

Others are: Sesha Paper (170), NR Agrawal (31), MIC Electronics (337), Crest Animation (120), Evinix (84), Reliance (1666), Unichem Labs (275).

All buys are on decline.

Good Luck.

DLF V/s Vishal Retail

Vishal Retail will probably deliver better on listing gains than DLF atleast that could be a reasonable expectation. Retail might be quite excited by this opportunity, said CNBC-TV18’s stocks editor, Udayan Mukherjee.

Vishal Retail is a much more exciting play for the pop offer. It is not as sexy as DLF but we have seen in the past that the biggest issues might take up a lot of headline space but they don’t often generate the biggest returns on listing and it was a fair bet to say that Vishal will probably deliver better on listing gains than DLF atleast that could be a reasonable expectation.

You don’t see too much of Vishal where we stay. They don’t have big glass buildings in downtown city but they are very strong in some of the up country places. They are value retailers, they are not one of your big brand retailers. They have their own brands which they sell pretty successfully and in doing that they have better margin profile than many of the other listed players. So I think 11% operating margin retail player cannot be overlooked specially as it comes at a 13 kind of PE multiple for this year. If our expectations for their FY08 EPS are met then the stock is being offered at 13 times at the higher end of the band.

I don’t think you found anything in this country in the retail space ever in that kind of valuations spectrum. So you can justify much more upside on Vishal. It will almost certainly get done at the higher end of the band and then I think it is much easier to justify a 40-50% upside on listing or shortly after listing on Vishal than it is on DLF. So retail might be quite excited by this opportunity.

Source: moneycontrol.com