Markets Today

The markets had a good close much better than most of its Asian peers. It opened weak and traded flat for better part of the day but perked up with buying seen in capital good stocks like BHEL and L&T, followed by Reliance group stocks and pharma stocks like Cipla and Ranbaxy. Midcaps held out their gains giving markets positive breadth. Even the smallcap index closed with gains of over 0.7%. The turnover was high, chunk of it coming from the F&O.
Except for IT and FMCG all the BSE sector indices closed in green. There was lot of action in individual midcaps from metal space like Ispat, real estate stocks like Orbit and brokerage and financial services stock.
L&T came out with fourth quarter results and BHEL which will get ex-bonus shortly were the top gainers.
With F&O expiry coming Nifty rollover was 38%, frontliners like Cipla with 51% rollover and Reliance Communication with 45%. Among the active midcaps with over 50% rollover were RNRL, RPL, IFCI.
Sensex is up 110.32 points or 0.77% at 14508.21, and the Nifty up 36.70 points or 0.86% at 4293.25.
About 1328 shares have advanced, 1194 shares declined, and 102 shares are unchanged.
The BSE Midcap index ended at 6,254.51 up 48 points or 0.8%.
The BSE Smallcap Index ended at 7,388.33 up 54 points or 0.7%.
The BSE Bankex was up 0.5% at 7,600.79. IOB, Centurion BoP, HDFC Bank, UTI Bank, SBI moved upwards.
The BSE Capital Goods Index was up 2.8% at 10,896.14. BHEL, Crompton Greave, Carborundum, HEG, L&T closed higher.
The BSE Health Care Index was up 1.7% at 3,857.53. Novartis India, Orchid Chemical, Cipla, Sterling Bio, Sun Pharma closed higher.
The BSE Metal Index closed at 10,494.25 up 0.4%. Welspun Guj, Jindal Saw, JSW Steel, Tata Steel, Jindal Steel advanced higher.
The BSE FMCG Index down 0.2% at 1,914.25. Tata Tea, GlaxoSmith Con, United Spirits, Nestle closed lower.
BSE Oil and Gas Index closed higher at 7,792.63 up 1.2%. Petronet LNG, Reliance Natura, Reliance, ONGC ended in green.
The BSE IT Index lost 0.1% at 4,908.15. Hexaware Tech, Infosys, HCL Info were among the top losers
The BSE Auto Index closed at 4,957.53 up 0.8%. Mah and Mah, MRF, Sundram, Punj Tractors, Bharat Forge closed higher.
The NSE cash turnover was at Rs 9321.99 crore and the NSE F&O turnover was at Rs 43290.08 crore. The BSE cash turnover was Rs 4576.77 crore. Total market wide turnover was at Rs 57188.84 crore.

Source: moneycontrol.com

Intraday Calls for 29th May

Nifty: Supports are 4230 and 4200 and Resistance are 4285 and 4300.
Sensex: Supports are 14350 14300 and Resistance are 14440 and 14500. (if breaks 14500 then it will make new highs soon)

Buy Andhra Bank @ 91/- Target Rs. 95/- SL Rs. 89/-
Buy Unitech above Rs. 600/- target Rs. 620-630/- SL Rs. 590/-
Buy Bharati Shipyard @ Rs. 435/- Target Rs. 445-450/- SL Rs. 430/- (New contract from Germany)
Buy Gokaldas Export @ 221/- Target Rs. 230/- SL Rs. 218/- (Fresh Breakout & Good Results)
Buy Paramount Communication @ Rs. 31-32/- Target Rs. 35-37/- SL Rs. 30/-
Buy Cinemax @ Rs.154/- Target Rs. 160-165/- SL Rs. 151/-\

Others Buy are Advanta(1000), Autoline Industries(228), Carborundum Universal (Above Rs. 168/-), Punj Llyod(193), RNRL(36), RIL (Resistance at 1730)

Be carefull as high volatility can be seen in today's trade.

Market Rumours

Amar Remedies CMP Rs. 35.75/- It can bounce anytime and will touch Rs. 50/-

Hindalco CMP Rs. 143/- It will touch its 52 week high (194.8) in coming months and make new highs.

UTV Software CMP Rs. 484/- will be in four figure price by the March 2008.

Markets Today

The markets gave up their gains and ended with modest gains on account of profit booking that set in during the last hour of trade. It opened strong and traded firm for better part of the day but failed to sustain its position at the higher level.
With rupee hitting new highs, the IT stocks continue to struggle. TCS CFO has said that Q1FY08 average rupee rate is seen below 41per USD.IT majors like Wipro, Infosys and Satyam were among the top losers. Metal stocls like SAIL and Sterlite Industries also contributed to the fall.
Buying interest was seen in banking, auto and pharma stocks. HDFC Bank, GSK, L&T, Ambuja Cements, Dabur India were among the top gainers.
Unitech has declared strong numbers for FY07 and the stock was up over 8%. Its board has approved 1:1 bonus issue.
India Infoline was the star performer in todays trade which surged nearly 30% on the back of its entry into institutional segment.
Sensex was up 59.44 points or 0.41% at 14397.89, and the Nifty up 8.40 points or 0.20% at 4256.55.
About 1438 shares have advanced, 1080 shares declined, and 96 shares are unchanged.
The BSE Midcap Index ended at 6,206.70 up 1.03%.
The BSE Smallcap Index ended at 7,334.64 up 68.72 points or 1%.
The BSE Bankex was up 1.39% at 7,564.08. Andhra Bank, HDFC Bank, Allahabad Bank, Bank of Baroda, Oriental Bank moved upwards.
The BSE Capital Goods Index was up 0.8% at 10,598.38. Thermax, Ingersoll Rand, Crompton Greave, KEC Infrastruct, Larsen, Bharat Elec closed higher.
The BSE Health Care Index was up 1.3% at 3,793.09. GlaxoSmithKline, Divis Labs, Pfizer, Sterling Bio, Wockhardt closed higher.
The BSE Auto Index closed at 4,917.90 up 1.2%. MRF, TVS Motor, MICO, Tube Investment, Amtek Auto closed in the red.
The BSE Metal Index closed at 10,454.88 down 0.2%. SAIL, Sterlite Ind, JSW Steel, JindalStainless, Hind Zinc declined.
The BSE FMCG Index gained 0.3% at 1,918.50. United Spirits, GlaxoSmith Con, Britannia, Tata Tea closed higher.
BSE Oil and Gas Index closed higher at 7,701.07 up 0.2%. Chennai Petro, Reliance Natura, GAIL, Petronet LNG ended in green.
The BSE IT Index lost 0.9% at 4,915.25. HCL Tech, I-Flex Solution, Infosys, Satyam, Wipro closed lower.
The NSE cash turnover was at Rs 9300.3 crore and the NSE F&O turnover was at Rs 39304.2 crore. The BSE cash turnover was Rs 4194.04 crore. Total market wide turnover was at Rs 52798.54 crore.

Source: moneycontrol.com

Intraday Calls for 28th May

Nifty: Support are 4215 , 4175, Above 4255 next Resistance are 4289 and 4330.
Sensex: Support 14250, Resistance are 14453 and 14500.

Buy TCS @ Rs. 1230/- Target Rs. 1245-1255/- SL Rs. 1222/- (Ultimate 1300+)
Buy Wipro @ Rs. 542/- Target Rs. 550-552/- SL Rs. 538/-
Buy NTPC @ Rs. 163/- Target Rs. 165-168/- SL Rs. 160/-
Buy OTL @ Rs. 28/- Target Rs. 30-32/- SL Rs. 26/-
Buy Carborundum Universal @ Rs. 174/- Target Rs. 182-185/- SL Rs. 170/-
Buy IDEA Above Rs. 127/- Target Rs. 130/- SL Rs. 125/-

Others buy are Redington(195), Karur KCP(58), Cinemax(145), Jupiter Bio(171) & Manugraph (148)

Multibagger

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Markets Today

The markets closed on an impressive note outperforming most of its Asian peers. After opening with a gap down of around 170 points, it showed smart recovery and ended the day with good gains. The uptrend was boosted by capital goods, IT and FMCG goods. Suzlon was the star of the day after it bagged the RePower deal. Suzlon now controls over 60% of REPower both direct & indirect.
The Asian markets slipped tracking the US markets. Other than Shanghai Composite all the Asian indices ended in red.
Sensex ended up 120.34 points or 0.85% at 14338.45, and the Nifty was up 43.25 points or 1.03% at 4248.15. About 1373 shares have advanced, 1142 shares declined, and 87 shares are unchanged.
Tata Tea has gained over 4.5% after Coca Cola board approved purchase of Glaceau for USD 4.2 bn. Tata Tea bought 30% stake in Glaceau last year for USD 677 mn
The BSE Midcap Index ended at 6,143.14 up 42.67 points or 0.7%.
The BSE Smallcap Index ended at 7,265.92 up 64.17 points or 0.89%.
The BSE Capital Goods Index was up 2.53% at 10,512.75. Carborundum, SKF India, Larsen, BEML and KEC Infrastructure closed higher.
The BSE Health Care Index was up 0.20% at 3,746.02. Glenmark, Orchid Chemical, Ipca Labs, Nicholas Pirama and Wyeth closed higher.
The BSE Auto Index closed at 4,860.08 up 0.38%. Tata Motors, Bharat Forge, Punj Tractors, Sundaram-Clayto surged.
The BSE Metal Index closed at 10,472.80 up 0.10%. JindalStainless, Sterlite Industries, Jindal Steel, Guj NRE Coke and Jindal Saw advanced higher.
The BSE FMCG Index gained 0.53% at 1,912.09. Tata Tea, Shaw Wallace, P and G, Nirma and Britannia closed higher.
BSE Oil and Gas Index closed higher at 7,685.32 up 0.39%. O Reliance Natural, GAIL, ONGC and Petronet LNG ended in green.
The BSE IT Index gained 2.49% at 4,959.36. Patni Computer, HCL Tech, Satyam, Infosys and Mphasis closed higher.
The BSE Bankex was down 0.16% at 7,467.38.However, Federal Bank, Oriental Bank, Allahabad Bank, SBI, Bank of Baroda moved upwards.
The NSE cash turnover was at Rs 9813.65 crore and the NSE F&O turnover was at Rs 42530.32 crore. The BSE cash turnover was Rs 5023.46 crore. Total market wide turnover was at Rs 57367.43 crore.
On the macroeconomic front, inflation for the week ended may 12 at 5.27% versus 5.44%; market estimated at 5.22%.

Source: moneycontrol.com