Markets Today

It was one of the most volatile day for the markets in recent past wherein Sensex opened weak with over 150 points cut following second steepest ever drop yesterday and proceed to trade extremely weak on account of subprime issue coupled with Yen carried trade. Sensex fell nearly 600 points by the mid seesion but in post lunch trade the bulls put up brave fight leading to spectacular recovery over 500 points. But finally, bulls could not maintain their momentum and again markets slipped in late trade on the back of sharp sell off witnessed in metal and IT stocks.
Sensex ended down 216.69 points or 1.51% at 14141.52, and the Nifty was down 70.55 points or 1.69% at 4108.05. About 1010 shares have advanced, 1940 shares declined, and 52 shares are unchanged.
BSE Midcap was down 92.97 points or 1.46% at 6,259.47 and BSe Smallcap was down 102.46 points or 1.31% at 7,694.80.
BSE Auto index was down 101.32 or 2.17% at 4,560.85. Major losers in auto space were Cummins at Rs 358.05 down Rs 16.65 and Hind Motors at Rs 25.75 down Rs 1.10.
BSE Bankex was down 69.96 points or 0.94% at 7,351.37. Oriental Bank at 208.85 down Rs 9.80 and Kotak Mahindra at Rs 634.80 down Rs 31.05 were the top losers.
BSE Consumer Durable index was down 98.91 points or 2.41% at 3,999.01. Videocon Indust at Rs 339.95 down 6.09% and Rajesh Exports at Rs 505.00 down 5.52% were the top losers in this segment.
BSe Cap Good index was down 184.66 points or 1.51% at 12,029.90. Areva T&D at Rs 1,504.80 down 5.18% and ABB at Rs 1,024.75 down 3.36% were the worst hit counters.
BSE FMCG index was down 43.44 or 2.34% at 1,811.66. United Brewerie at Rs 281.10 down 6.41% and Colgate at Rs 368.05 down 4.29% were the top losers.
BSe Pharma index was down 39.65 points or 1.12% at 3,487.30. Orchid Chemical at Rs 200.95 down 6.51% and Wyeth at Rs 558.80 down 6.35 % were the weakest stocks.
BSE IT index was down 136.73 points or 2.95% at 4,500.40, Satyam at Rs 440.20 down 5.81% and Patni Computer at Rs 363.95 down 5.42% were the top losers.
BSe Metal index was down 488 points or 4.74% at 9,811.61. JSW Steel at Rs 567.75 down 7.55% and Shree Precoated at Rs 269.30 down 7.50% were the worst hit counters.
BSe oil & gas index was down 77.44 points or 1.03% at 7,427.15, HPCL at Rs 225.50 down 8.57% and GAIL at Rs 296.40 down 4.85% were the top losers.
BSE Realty index was up 39.80 points or 0.57% at 7,019.88. Anant Raj Ind at Rs 1,146 down 4.57% and Parsvnath at Rs 289.70 down 4.07% were the top losers.

Markets today:
Market makes smart recovery during the day in line with global markets
Nifty manages to close over 4100, Sensex over 14000
Sensex down 217 points at 14141.5; recovers 362 points from days low
Nifty down 71 points at 4108; recovers 100 points from days low
CNX Midcap Index down 2%, BSE Small-cap Index down 1.3%
All BSE Sectoral Indices end in the red barring Reality Index
BSE Metal Index down 4.7%, BSE IT Index down 3%, BSE FMCG Index down 2.3%
Index Losers; HPCL down 8.5%, Sterlite down 7.2%, Satyam down 5.8%, Tata Steel down 5.4%
Index Gainers; RIL up 0.80%, Sun Pharma up 1.8%, Wipro, Siemens up 1% each
NSE Advance Decline ratio at 1:4
Total market turnover at Rs 86945.69 cr Vs Rs 63845.27 cr on Thursday
New Listing: Zylog Systems closes at Rs 427.5 Vs listing price of Rs 435 (issue price Rs 350)


Turnover today:
BSE cash - Rs 6791.85 cr
NSE cash - Rs 15274.84 cr
NSE f&o - Rs 64879 cr
Total - Rs 86945.69 cr
Source:moneycontrol.com

Intraday Calls for 17th August

Market is in strong support zone. Sensex : 14000-14100 Nifty 4040-4140

Market will opens weak but I think that it will recover later. High volatility.
Trade carefully.

Buy at panic in the morning session.

SBI
BHEL
RCOM
ATLANTA
TRIVENI
HDIL
INDIABULLS
MINDTREE
PRITHVI INFO
POLARIS
ETC NETWORK
ORBIT CORP

Good Luck.

Markets Today

It was an extremely weak session for the markets as they ended in deep red tracking its global peers. The sub prime problem has impacted stock markets globally Dow has slipped below 13,000 level and Asia closed down 4-6%. Even European markets have opened in red. Also the yen has appreciated against the dollar and is trading at 113.90.
All the BSE sector indices were in deep red ranging between 3-5%. Banking, relaty and metal stocks are the worst hit space today. All the Sensex and Nifty stocks are in red.
Top losers on the indices were Tata Steel & Sterlite down over 8%, Bharti Airtel down & VSNL down over 6% and BHEL & ICICI Bank down 5% each.
Sensex was down 642.70 points or 4.28% at 14358.21, and the Nifty down 191.60 points or 4.38% at 4178.60.
About 979 shares have advanced, 1971 shares declined, and 51 shares are unchanged.
The BSE Small Cap Index closed at 7,797.26 down 3%.
The BSE Midcap Index ended at 6,352.44 down 3%.
The BSE FMCG Index lost 3.5% at 1,855.10. United Spirits, United Brewerie, ITC, Tata Tea, Dabur India, Bata India closed in red.
The BSE Metal Index was down 6% to close at 10,299.61. Tata Steel, Sterlite Ind, Guj NRE Coke, Mah Seamless, Hind Zinc were among the losers
The BSE Health Care Index was down 3% at 3,526.95. Orchid Chemical, Aurobindo Pharm, GlaxoSmithKline, Divis Labs, Matrix Lab closed lower.
The BSE Capital Goods Index was down 4% at 12,214.56. Suzlon Energy, Jyoti Structure, Crompton Greave, Astra Microwave, Praj Industries ended lower
The BSE Auto Index closed at 4,662.17 down 3%. Hind Motors, Apollo Tyres, Tata Motors, Amtek Auto, Maruti Udyog were among the losers.
The BSE IT Index closed at 4,637.13 down 3%. Patni Computer, Financial Tech, TCS, I-Flex Solution, HCL Tech, Wipro ended weak.
The BSE Bankex was down 5% at 7,421.33. Union Bank, Bank of India, IOB, Bank of Baroda, Kotak Mahindra, Oriental Bank closed lower.
The BSE Oil and Gas Index closed at 7,504.59 down 4.5%. Reliance, ONGC, Reliance Natural, HPCL, GAIL ended in red.
The NSE cash turnover was at Rs 11778.41 crore and the NSE F&O turnover was at Rs 46447.41 crore. The BSE cash turnover was Rs 5619.45 crore. Total market wide turnover was at Rs 63845.27 crore.

Source: moneycontrol.com

Intraday Calls for 16th August

MARKET IS EXPECTED TO BE OPEN WITH MAJOR GAP DOWN DUE TO GLOBAL CUES. BE VERY CAREFULL.

MAJOR SUPPORT FOR SENSEX IS 14400 AND THEN 13950. ITS A GOLDEN OPPORTUNITY FOR MED-LONG TERM INVESTOR.

BUY VALUEABLE AND STRONG STOCKS LIKE PUNJLLYOD, ORCHID, JSWSTEEL, SAIL, IDBI, INDIAINFOLINE, EMKAY IN PANIC.

KEEP ADDING ANSALBUILDWELL, ALPS IND, PARAMOUNT COM, ORCHID AT EVERY DECLINE FOR MED TERM GAIN.

GOOD LUCK.

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.

Punj Lloyd : Multibagger

Punj Lloyd : Multibagger by PN Vijay, Investment Advisor Punj Lloyd is increasingly focusing on the high value added Hydrocarbon vertical where the margins are higher and the work is also more specialized.

Current Market Price: Rs 275

Target Price: Rs 500

Punj Lloyd is a leading construction company with two major verticals, namely Hydrocarbon and Infrastructure. It also has an overseas subsidiary SembCorp. It is showing significant growth in both its verticals due to strong order flows in the Oil and Energy sector and in basic infrastructural sectors. During the first quarter which just ended, Punj Lloyd reported an increase in its net sales of 73%, EBITDA of 39% and a net profit growth of 126% to Rs. 59.5 crores on a consolidated basis. The quarter was marked by a robust growth in new orders in the pipeline division.

REASONS TO BUY:

1. The company is increasingly focusing on the high value added Hydrocarbon vertical where the margins are higher and the work is also more specialized. There has been an impressive improvement in the profitability of SembCorp.

2. The debt level is reduced significantly and the debt / equity ratio now stands much lower than one.

In terms of valuation it is trading around 22 times its expected EPS to Rs. 12 for 2007-08. This is an almost 100% improvement on the EPS just concluded financial year.

Source: Internet