Market may open nagetive and see some profit booking but later recovery expected.
Buy for Intraday: (Buy at lower levels)
Exide Industries (67)
Nagarjuna Fert. (60)
Essar Oil (56)
JP Hydro (84)
REL (1795)
Ansal Properties & Infra (244)
ABB Ltd. (1552)
Poly Medicure (135)
Ruchi Soya (90)
Apar Industries (253)
Lok Housing (196)
Keep an eye on small psu banking stocks like Vijaya Bank, Dena Bank, UCO Bank, buy at dip for short term gain.
Good Luck
Wednesday, October 31, 2007
Tuesday, October 30, 2007
Markets Today
The markets ended in red after a sharp run up in the past few sessions. It was an important day as RBI announced the credit policy. According to experts, markets will be unaffected by the the new credit policy as the credit policy was largely inline with street expectations. In the new credit policy, repo rate and reverse repo is left unchanged and CRR has been hiked by 50 bps it has maintained the GDP forecast at 8.5%. The rupee has appreciated at 39.38 against the dollar.
CRR hike is largely a liquidity management tool than used for signalling any interest rate changes. The policy has largely managed the status quo, say experts.
RPL, Sterlite Ind, BHEL and Bharti Airtel were trading strong. However, trading weak were PNB, M&M, TCS and Maruti Suzuki.
Sensex was down 194.16 points or 0.97% at 19783.51, and the Nifty down 37.15 points or 0.63% at 5868.75.
About 1217 shares have advanced, 1760 shares declined, and 81 shares are unchanged.
The BSE Midcap Index ended at 8,048.07 down 0.4%.
The BSE Smallcap Index ended at 9,644.44 down 0.6%.
The BSE Bankex was down 1% at 10,550.09. PNB, Kotak Mahindra, SBI, IOB, ICICI Bank, Andhra Bank moved downwards.
The BSE Capital Goods Index was up 1% at 20,006.57. Punj Lloyd, AIA Engineering, Areva T&D, ABB, BHEL closed lower.
The BSE Auto Index closed at 5,479.89 down 3%. Maruti Suzuki, Mah and Mah, Tata Motors, Tube Investment, Punj Tractors closed lower.
The BSE Metal Index closed at 17,302.22 up 1%. Sesa Goa, Jindal Steel, Sterlite Ind, Hindalco, Hind Zinc closed lower.
The BSE FMCG Index closed at 2,146.87 down 1%. Britannia, ITC, P&G, Tata Tea,HUL closed lower
BSE Oil and Gas Index closed at 11,526.30 down 1%. BPCL, Reliance, ONGC ended in red.
The BSE IT Index was down 0.6% at 4,647.53. TCS, Iflex, Satyam, Infy ended in red.
The NSE cash turnover was at Rs 24611.60 crore and the NSE F&O turnover was at Rs 89601.31 crore. The BSE cash turnover was Rs 10948.83 crore. Total market wide turnover was at Rs 125161.74 crore.
Source:moneycontrol.com
CRR hike is largely a liquidity management tool than used for signalling any interest rate changes. The policy has largely managed the status quo, say experts.
RPL, Sterlite Ind, BHEL and Bharti Airtel were trading strong. However, trading weak were PNB, M&M, TCS and Maruti Suzuki.
Sensex was down 194.16 points or 0.97% at 19783.51, and the Nifty down 37.15 points or 0.63% at 5868.75.
About 1217 shares have advanced, 1760 shares declined, and 81 shares are unchanged.
The BSE Midcap Index ended at 8,048.07 down 0.4%.
The BSE Smallcap Index ended at 9,644.44 down 0.6%.
The BSE Bankex was down 1% at 10,550.09. PNB, Kotak Mahindra, SBI, IOB, ICICI Bank, Andhra Bank moved downwards.
The BSE Capital Goods Index was up 1% at 20,006.57. Punj Lloyd, AIA Engineering, Areva T&D, ABB, BHEL closed lower.
The BSE Auto Index closed at 5,479.89 down 3%. Maruti Suzuki, Mah and Mah, Tata Motors, Tube Investment, Punj Tractors closed lower.
The BSE Metal Index closed at 17,302.22 up 1%. Sesa Goa, Jindal Steel, Sterlite Ind, Hindalco, Hind Zinc closed lower.
The BSE FMCG Index closed at 2,146.87 down 1%. Britannia, ITC, P&G, Tata Tea,HUL closed lower
BSE Oil and Gas Index closed at 11,526.30 down 1%. BPCL, Reliance, ONGC ended in red.
The BSE IT Index was down 0.6% at 4,647.53. TCS, Iflex, Satyam, Infy ended in red.
The NSE cash turnover was at Rs 24611.60 crore and the NSE F&O turnover was at Rs 89601.31 crore. The BSE cash turnover was Rs 10948.83 crore. Total market wide turnover was at Rs 125161.74 crore.
Source:moneycontrol.com
Intraday Calls for 30th October
Market will continue its bull run and today nifty can touch 6000. If no change in CRR & Repo or cut in rates then market will zooooom to new highs.
Buy for Intraday:
Dewan Housing (102) Target 108-110 SL 100
GIC Housing (64.75) Target 68-70 SL 63
Torrent Power (162) Target 165-168 SL 160
Bombay Dyeing (743) Target 775-790 SL 735
Bharat Forge (352) Target 360-365 SL 348
TTML (47.5) Target 50 SL 46.5
Jindal Saw (739) Target 760-775 SL 730
Can Fin Homes (71) Target 75+ SL 70
PSL (452) Target 465 SL 446
Keep an eye on all banking stocks like Syndicate Bank, Andhra Bank, BOB, Yes Bank etc. If no change of cut in rates then banking stocks will zoooooooom.
Others: Gallant Metal, Paramount Communication, DCW, BHEL, L&T, NIIT Ltd.
Good Luck
Buy for Intraday:
Dewan Housing (102) Target 108-110 SL 100
GIC Housing (64.75) Target 68-70 SL 63
Torrent Power (162) Target 165-168 SL 160
Bombay Dyeing (743) Target 775-790 SL 735
Bharat Forge (352) Target 360-365 SL 348
TTML (47.5) Target 50 SL 46.5
Jindal Saw (739) Target 760-775 SL 730
Can Fin Homes (71) Target 75+ SL 70
PSL (452) Target 465 SL 446
Keep an eye on all banking stocks like Syndicate Bank, Andhra Bank, BOB, Yes Bank etc. If no change of cut in rates then banking stocks will zoooooooom.
Others: Gallant Metal, Paramount Communication, DCW, BHEL, L&T, NIIT Ltd.
Good Luck
Monday, October 29, 2007
Markets Today: Sensex Hits 20000
The bulls run the Indian markets have achieved another milestone with Sensex hitting the 20,000 mark. It was a solid 700 points rally on the Sensex and Nifty hit 5,900 levels scoring over a double century. It was third biggest single day absolute point fot the Sensex. Strength was seen coming from all quarters.
Cues from Asia and rest of the equity markets were robust which has helped in such a rally.Asia has ended in green with gains of 1%-3%. Hefty 14 points premium is seen in Nifty futures.
Top 6 stocks contributed to 90% to the 1000 point rally from 19,000 to 20,000.
L&T and ICICI Bank top contributors with 50% contribution of last 1000 points rally.
Large caps are the clear outperformers. L&T, BHEL, Reliance Petro, Siemens, HDFC, HDFC Bank were among the star performers.
Broader markets also participated in the uptrend both the midcap and smallcap indices each up nearly 2%.
On the corporate front, Maruti came out with numbers largely inline with street expectations. Capital goods, banking, metal and realty stocks were in focus. Market breadth is positive with impressive volume. All the key indices are trading in green. BSE capital good index has raced ahead and was up 7% followed by BSE metal, oil & gas and bankex each up over 3%.
Sensex was up 734.50 points or 3.82% at 19977.67, and the Nifty up 203.60 points or 3.57% at 5905.90.
About 1700 shares have advanced, 1288 shares declined, and 70 shares are unchanged.
L&T was up 10%, BHEL is up 7%, ONGC up 7%, HDFC Bank up 7%, RPL up 9%, Maruti up 5% were among the top performers on the indices.
The BSE Mid Cap Index closed at 8,082.54up 2%.
The BSE Smallcap Index ended at 9,705.20 up 1.6%.
BSE Metal Index was up 3%; Jindal Saw, Jindal Steel, Mah Seamless, SAIL, Sesa Goa, NALCO.
BSE Oil & Gas Index was up 5%; Reliance Natura, Reliance Petro, ONGC, Reliance, GAIL.
The BSE FMCG Index closed at 2,161.67 up 2%. United Spirits, Marico, Nestle, Godrej Consumer, Britannia, Tata Tea ended higher.
The BSE Capital Goods Index was up 7% at 19,847.66. Siemens, L&T,Alfa Laval, BHEL, Areva T&D, Punj Lloyd, Thermax were among top gainers.
The BSE Auto Index closed at 5,656.43 up 1%. MRF, Amtek Auto, Bharat Forge, Escorts, Tube Investment, Apollo Tyres were among the gainers.
The BSE IT Index closed at 4,674.65 up 0.8%. Mphasis, Wipro, Satyam, Financial Tech,Tech Mahindra ended higher.
The BSE Bankex was up 4% at 10,649.71. HDFC Bank, ICICI Bank,Yes Bank, PNB, Bank of India, Allahabad Bank closed higher. The NSE cash turnover was at Rs 21775.4 crore and the NSE F&O turnover was at Rs 69537.38 crore. The BSE cash turnover was Rs 8883.17 crore. Total market wide turnover was at Rs 100195.95 crore.
Source:moneycontrol.com
Cues from Asia and rest of the equity markets were robust which has helped in such a rally.Asia has ended in green with gains of 1%-3%. Hefty 14 points premium is seen in Nifty futures.
Top 6 stocks contributed to 90% to the 1000 point rally from 19,000 to 20,000.
L&T and ICICI Bank top contributors with 50% contribution of last 1000 points rally.
Large caps are the clear outperformers. L&T, BHEL, Reliance Petro, Siemens, HDFC, HDFC Bank were among the star performers.
Broader markets also participated in the uptrend both the midcap and smallcap indices each up nearly 2%.
On the corporate front, Maruti came out with numbers largely inline with street expectations. Capital goods, banking, metal and realty stocks were in focus. Market breadth is positive with impressive volume. All the key indices are trading in green. BSE capital good index has raced ahead and was up 7% followed by BSE metal, oil & gas and bankex each up over 3%.
Sensex was up 734.50 points or 3.82% at 19977.67, and the Nifty up 203.60 points or 3.57% at 5905.90.
About 1700 shares have advanced, 1288 shares declined, and 70 shares are unchanged.
L&T was up 10%, BHEL is up 7%, ONGC up 7%, HDFC Bank up 7%, RPL up 9%, Maruti up 5% were among the top performers on the indices.
The BSE Mid Cap Index closed at 8,082.54up 2%.
The BSE Smallcap Index ended at 9,705.20 up 1.6%.
BSE Metal Index was up 3%; Jindal Saw, Jindal Steel, Mah Seamless, SAIL, Sesa Goa, NALCO.
BSE Oil & Gas Index was up 5%; Reliance Natura, Reliance Petro, ONGC, Reliance, GAIL.
The BSE FMCG Index closed at 2,161.67 up 2%. United Spirits, Marico, Nestle, Godrej Consumer, Britannia, Tata Tea ended higher.
The BSE Capital Goods Index was up 7% at 19,847.66. Siemens, L&T,Alfa Laval, BHEL, Areva T&D, Punj Lloyd, Thermax were among top gainers.
The BSE Auto Index closed at 5,656.43 up 1%. MRF, Amtek Auto, Bharat Forge, Escorts, Tube Investment, Apollo Tyres were among the gainers.
The BSE IT Index closed at 4,674.65 up 0.8%. Mphasis, Wipro, Satyam, Financial Tech,Tech Mahindra ended higher.
The BSE Bankex was up 4% at 10,649.71. HDFC Bank, ICICI Bank,Yes Bank, PNB, Bank of India, Allahabad Bank closed higher. The NSE cash turnover was at Rs 21775.4 crore and the NSE F&O turnover was at Rs 69537.38 crore. The BSE cash turnover was Rs 8883.17 crore. Total market wide turnover was at Rs 100195.95 crore.
Source:moneycontrol.com
Friday, October 26, 2007
Intraday Calls for 26th October
Market will open weak or flat today but then it can see positive trading whole day.
Buy for Intraday:
Adhunik Metal (128) Target 135 SL 126
Chola DBS (185) Target 195 SL 183
Hindustan Unilever (220) Target 225-228 SL 216 (Short Term Target 250+)
IDEA (152) Target 155-158 SL 150
Gujarat Apollo Industries (232) Target 240-245 SL 228
Praj Industries (200) Target 210 SL 197
Voltas (185) Target 190 SL 183
VSNL (553) Target 565 SL 548
Others: Atlanta, IFCI, Nagarjuna Fert., Austin Eng., IDFC, DCW, Bihar Caustics (BCCL).
Good Luck
Buy for Intraday:
Adhunik Metal (128) Target 135 SL 126
Chola DBS (185) Target 195 SL 183
Hindustan Unilever (220) Target 225-228 SL 216 (Short Term Target 250+)
IDEA (152) Target 155-158 SL 150
Gujarat Apollo Industries (232) Target 240-245 SL 228
Praj Industries (200) Target 210 SL 197
Voltas (185) Target 190 SL 183
VSNL (553) Target 565 SL 548
Others: Atlanta, IFCI, Nagarjuna Fert., Austin Eng., IDFC, DCW, Bihar Caustics (BCCL).
Good Luck
Thursday, October 25, 2007
What Has Been Announced by SEBI?
Applause!! A standing ovation!! SEBI indeed deserves all the accolades it can have today. Without bending to the market pressures, SEBI has done what it is always supposed to do – protect the interest of the investors.
The much awaited meeting of SEBI on the controversial participatory notes (PN) issue was finally over and it was a relief to know that SEBI is doing what is conducive to the betterment of the market and the country. Bringing in more transparency, the new norms announced by SEBI will go a long way in making it easier for the authorities to keep a track over the source of funds.
The new norms would come into effect from 26th October 2007. A quick look at what has been announced:
The proposal to disallow P-Notes with underlying as derivatives has been cleared.
Sub-accounts of Foreign Institutional Investors (FIIs) should immediately stop issuing P-Notes.
FIIs have to wind up P-notes for investing in derivatives within 18 months.
P-Notes can only be issued to regulated entities.
Pension funds, charities and endowments can register, even if not regulated, and they will be treated as separate category.
Proprietary and corporate sub-accounts can continue their business until they get registration.
Some sub-accounts that applied with SEBI for conversion to FIIs have been cleared, while others are still to be approved.
The date for the calculation of Asset Under Custody (AUC) will be September 30, 2007.
Broad-based sub-accounts must have at least 20 investors and they cannot have a single person holding over 49% of AUC.
FIIs who have issued P-notes, less than 40 per cent of their assets under custody, can issue additional instruments at the rate of five per cent of their assets.
FIIs who have issued P-notes, of more than 40 per cent, of their assets, could issue such instruments only if they cancel, redeem, or close their existing PNs.
P-notes cannot be issued for more than 40 per cent of their assets under custody.
The final regulation of SEBI is more or less on the draft proposal except for shifting date to September 30th for AUC calculation. Also, inclusion of Pension funds, societies and charities, even though unregulated, has enlarged the list of FIIs. Even composition of broadbased sub-account now must have 20 investors with singe investor not having more than 49% stake. Also, track record of 1 year gets applied to the fund manager and not to the fund, which would be a big relief for new funds to get registered as FII, immediately. No dilution in KYC norms has been made. Proprietory Sub Account and Corporate Sub Account can continue to do business in transition period, pending registration of applications.
It is likely that these regulations would have far reaching positive impacts on regulating foreign flows into the Indian Capital Markets and not restricting them in any manner. Market would become healthy, as regulated money would flow in, hereafter.
The much awaited meeting of SEBI on the controversial participatory notes (PN) issue was finally over and it was a relief to know that SEBI is doing what is conducive to the betterment of the market and the country. Bringing in more transparency, the new norms announced by SEBI will go a long way in making it easier for the authorities to keep a track over the source of funds.
The new norms would come into effect from 26th October 2007. A quick look at what has been announced:
The proposal to disallow P-Notes with underlying as derivatives has been cleared.
Sub-accounts of Foreign Institutional Investors (FIIs) should immediately stop issuing P-Notes.
FIIs have to wind up P-notes for investing in derivatives within 18 months.
P-Notes can only be issued to regulated entities.
Pension funds, charities and endowments can register, even if not regulated, and they will be treated as separate category.
Proprietary and corporate sub-accounts can continue their business until they get registration.
Some sub-accounts that applied with SEBI for conversion to FIIs have been cleared, while others are still to be approved.
The date for the calculation of Asset Under Custody (AUC) will be September 30, 2007.
Broad-based sub-accounts must have at least 20 investors and they cannot have a single person holding over 49% of AUC.
FIIs who have issued P-notes, less than 40 per cent of their assets under custody, can issue additional instruments at the rate of five per cent of their assets.
FIIs who have issued P-notes, of more than 40 per cent, of their assets, could issue such instruments only if they cancel, redeem, or close their existing PNs.
P-notes cannot be issued for more than 40 per cent of their assets under custody.
The final regulation of SEBI is more or less on the draft proposal except for shifting date to September 30th for AUC calculation. Also, inclusion of Pension funds, societies and charities, even though unregulated, has enlarged the list of FIIs. Even composition of broadbased sub-account now must have 20 investors with singe investor not having more than 49% stake. Also, track record of 1 year gets applied to the fund manager and not to the fund, which would be a big relief for new funds to get registered as FII, immediately. No dilution in KYC norms has been made. Proprietory Sub Account and Corporate Sub Account can continue to do business in transition period, pending registration of applications.
It is likely that these regulations would have far reaching positive impacts on regulating foreign flows into the Indian Capital Markets and not restricting them in any manner. Market would become healthy, as regulated money would flow in, hereafter.
Source:sptulsian.com
Markets Today
The markets ended in green on the triple witching day showing some smooth and healthy rollovers. It was a choppy start but has gradually moved ahead to end at higher levels. Cues from Asia were posiitive with most of the markets Asia ending in green. Metal stocks were the star performers of the day with Tata Steel, Hindalco, Nalco being among the top gainers.
Also ahead there is SEBI's decision on participatory notes. Capital goods, metals and oil & gas stocks were attracting attention. IT, FMCG and auto stocks were subdued today.
Midcap index ended inline with the frontline indices and was up over 1.3% and the smallcap index was up 1.4%.
Sensex was up 257.98 points or 1.39% at 18770.89, and the Nifty up 72.80 points or 1.32% at 5568.95.
About 1729 shares have advanced, 1247 shares declined, and 80 shares are unchanged.
BSE metal index is up over 4%, followed by auto, capital goods, oil & gas and bankex.
FMCG, IT and pharma indices were trading weak in the negative terrain.
Top gainers on the indices are Tata Steel, Nalco, ICICI Bank, Maruti Suzuki, Hindalco, Reliance Energy, VSNL, BHEL, SAIL and SBI.
Top losers on the indices were Cipla, HCL Tech, Dr Reddys Labs, ONGC and HDFC Bank.
The BSE Midcap Index ended at 7,750.93 up 1.3%.
The BSE Smallcap Index ended at 9,367.08 up 1.4%.
The BSE Bankex was up 3% at 9,924.11. Bank of Baroda, ICICI Bank, PNB, Kotak Mahindra, Canara Bank moved upwards.
The BSE Capital Goods Index was up 1.2% at 17,314.13. Areva T&D, Bharat Bijlee, Triveni Eng, Bharat Elec, Punj Lloyd closed higher.
The BSE Auto Index closed at 5,503.58 up 2%. Tube Investment, Amtek Auto, MRF, Bharat Forge, Apollo Tyres, Punj Tractors closed higher.
The BSE Metal Index closed at 16,424.52 up 4%. Tata Steel, Jindal Steel, Sterlite Ind, NALCO, Sesa Goa closed higher.
The BSE FMCG Index closed flat at 2,134.75. Godrej Consumer, HUL, Marico, GlaxoSmith Con, Britannia closed higher.
BSE Oil and Gas Index closed at 10,800.82 up 0.6%. Petronet LNG, BPCL, Reliance Petro, Reliance, GAIL ended higher.
The BSE IT Index was flat at 4,582.54. Satyam, Wipro, HCL Tech closed higher.
The NSE cash turnover was at Rs 23411.47 crore and the NSE F&O turnover was at Rs 103930.17 crore. The BSE cash turnover was Rs 8421.14 crore. Total market wide turnover was at Rs 135762.78 crore.
Source:moneycontrol.com
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