Monday, November 30, 2009

Market Report 30th Nov 2009

Nikkei jumps over 2 pc as Dubai concerns ease
European textile machinery cos eye Indian market
Dubai may drive Re lower for a whileDubai may drive Re lower for a while
NSE to launch MF platform today
NTPC case: HC no to plea for defreezing account
Aditya Birla Retail mulls IPO
Japan Steel to expand in India
Wockhardt, DBS agree to out-of-court settlement
B K Birla firm close to buying tea estate in Africa
Assam paper mills rue loss of productivity
Tokio Marine mulls foraying into Indian AMC space
SBI set to open 23 overseas branches by March
RBI seems cool to banks' plea for hiking group exposure limit
ONGC close to big oil find


Singapore Nifty is trading at 5,007.0 up by 54.0 points.

Friday, November 27, 2009

Market Report 27th Nov 2009

Dubai debt worries to hit Asia stock markets

Nikkei falls over 2 pct on yen, Dubai debt worries
Surging food prices may prompt RBI action
Satyam, Siemens, Patni in fray for power cos automation
Bonus effect: ONGC topples RIL to 3rd slot in M-cap
Price crash, Corus widen Tata Steel loss
Tata Power net dips 30% on higher tax
Patnis sell 0.3% stake
Food inflation surges to 15.58 per cent
Power tariffs hiked by 22% in Bengal
ITC open to raising stake up to 25% in EIH
Jubilant FoodWorks to look beyond Dominos
DuPont to invest Rs 150 cr in knowledge centre
Kalyani-Gerdau Steels plans Rs 250 cr expansion
Bengal to take back Singur land for power project with BHEL


Singapore Nifty is trading at 4,911.0 down by 69.5 points.

Performance for 26th Nov 2009

BUY STERLITE ABV 869 MADE A HIGH OF 879.50.


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Thursday, November 26, 2009

Market Report for 26th Nov 2009

FIIs net buy Rs 520 crore in F&O on Wednesday
Asian markets open mixed
US markets end in the positive.Rises on jobless claims, new home sales.

Mahindra Satyam feels heat of Rs 1,220 crore extra burden
Indian IT firms eye continental Europe for growth
SEC probes derivatives in insider trading cases
Edible oil output may dip 7.4% in 2009-10
Aluminium demand may rise in 2010
Plans to introduce e-receipts for government taxes and fees
Big IT vies for share of $1-b bank, power deals
Govt considering to cancel NTPC's Rs 2,000-cr order
Airtel digital TV adds 1.5 million customers
Nordic region offers $10 billion opportunity for IT firms
Nalco offers cash incentive for ash disposal
Extended hours put on back-burner-Strong opposition from market participants has made stock exchanges put their plans to extend trading hours on the back-burner.

The National Stock Exchange (NSE), which was advocating extension of trade timings, now says the majority of market players are against the move and a consensus is needed for it to go through.

Oman Oil pays 50% premium to up stake in Bina Refinery
Infosys hits all-time high as Sensex rebounds
Sugar mills to pay Rs 190/qtl for cane
Oct refinery output up 7.2% YoY
SAT extends stay in Shankar Sharma case till Dec 11
Rupee at 1-wk high on weak dlr, stocks, flows

Performance for 25th Nov 2009

BUY MARUTI GIVEN AT 1633 MADE A HIGH OF 1639

BUY RIL AT 2198 MADE A HIGH OF 2225.9

BUY NIFTY AT 5124 MADE A HIGH OF 5138


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Wednesday, November 25, 2009

Market Report 25th Nov 2009

US markets fall on GDP, growth worriesUS markets fall on GDP, growth worries
Asia trading firm; Shanghai Composite, Hang Seng up
Gold marks fresh record highs on investment demand
Hindalco mops up $600 m via QIP
JSW Steel may sell 40% in Bengal unit
Infosys to drive out of auto engg biz, focus on aerospace projects
Russian firm paid NTPC Rs 100 cr in kickbacks
RIL board was fully aware of family deal, Jethmalani tells SC
Electric Indica likely to be launched by 2011
Infosys eyes European firm; deal pegged at $300mn: Sources
Reliance reopens 900 gas stations: Official
RIL avoids debt route for Lyondell acquisition
XL Telecom gets UL certification
Indian ADRs: ICICI Bank, Satyam down, Tata Comm up.

Singapore Nifty is trading at 5,089.5 up by 16.5 points.

Performace for 24th Nov 2009

SELL JINDAL STEEL BELOW 712 MADE A LOW OF 698.8


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Friday, November 20, 2009

Market Report 20th Nov 2009

Wall Street slips as chip shares fall, dollar gains
Indian ADRs: MTNL down 6%, Sterlite slips 4.8%

FIIs net sell Rs 500 crore in F&O on Thursday
Asian markets open in the red
Scripps to buy stake in India's NDTV unit for USD 55 mn
Oil falls more than $2 on equities, dollar
Suzlon sells 35% in Belgian arm Hansen
Jyothy Labs to ride laundry biz
Tatas raise Rs 600 cr from sale of DVRs
JSW capacity overtakes Tata Steel's
Pantaloon QIP to start today
Ranbaxy recalls drug in US
Blackstone plans to buy Birds Eye Foods
Potato, onion prices push food inflation to 14.55%
Ashok Leyland eyes 10-15% market share in LCV seg
Rupee dives 48 paise to 46.68 a dollar


Singapore Nifty is trading at 4,961.0 down by 23.0 points.

Thursday, November 19, 2009

Market Report 19th Nov 2009

US markets end marginally lower
Govt set to auction ECB entitlements

Companies may have to list within 7 days of IPOs
RIL-RNRL gas deal could cost country Rs 1 lakh crore: Centre
Oil rises on U.S. crude, product inventory drop
TCS engg services business sees growth, begins hiring
Axis MF may launch an offshore fund next year
Hero Honda sees growth tapering off next year
Suzlon unit wins US wind turbine order
Sterling to set up two more hospitals in Gujarat
RIL to invest $3 billion in new petrochem complex
RIL mulls entry into low-cost housing
L&T Infotech scouts for $150-200 million buy
Ginger hotels on expansion spree
ITC raises prices of some of its cigarette brands

SIngapore nifty is trading at 5,048.0 down by 9.0 points..

Wednesday, November 18, 2009

Market Report for 18th Nov 2009

Asian markets open +ve; Hang seng up 147pts
US markets ends flat

Oil rises toward $80 after APIs show big crude draw
RIL eyes overseas buys for growth
Tata Motors raises Rs 264 crore in new FD scheme
Satyam gets refund notices from 37 firms
Jharkhand govt gives major ore lease to SAIL
Suzlon receives 21 mw US order
L&T to sell petrol dispensing pump biz to Gilbarco Inc.


SIngapore Nifty is trading at 5,042.5 down by 14.5 points.

Performance for 17th now 2009

SELL RIL BELOW 2136 MADE A LOW OF 2107.

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Tuesday, November 17, 2009

MARKET REPORT FOR 17TH NOV 2009

U.S. credit card defaults fall, delinquencies up
IFC to infuse $1 bn into India
Veg oil imports surge 37%
Ansal Properties & Infra up 9%
Steel firms under pressure as iron ore prices rise
Aban Offshore raises $150m: Sources
Tata Teleservices to invest $500 mn in UP, U'khand
Tata Steel to invest Rs 1,100 cr to up ore output
Rupee advances on economic outlook
Oil rises above $78 as dollar drifts lower
Jaiprakash to raise Rs 500 cr; to sell shares in JIL
India to be $2 trn economy by 2014-15: Enam

Singapore Nifty is trading at 5,069.0 up by 14.0 points.

Performance for 16th Nov 2009

BUY TISCO AT 532 MADE A HIGH 544.2

BUY STERLITE AT 851 MADE A HIGH OF 869.7

BUY HDIL AT 365 MADE A HIGH OF 370.5



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Monday, November 16, 2009

Infosys acquires McCamish Systems to strengthen end-to-end solutions
Mahindra target to sell 1 lakh used cars by 2014
Divestment, strong order book hopes buoy EIL share price
Bharti Wal-Mart piloting contract farming in Punjab
HDFC picks up 41% in Credila Financial
ONGC says gas prices likely to go up
BSNL puts 93-m-line GSM tender on hold
State-owned oil companies hike jet fuel prices by 2.4%
Citi to sell Bellsystem stake to Bain for $1 bn
L&T Heavy Eng LLC to open plant in Oman tomorrow
Oman Oil to raise stake in India refinery to 26 pct
BSNL, Bharti want 6% uniform licence fee, Rcom differs
Genpact wins 5-year BPO deal from Unitech Wireless
Ore exports to China may cost more

Singapore Nifty is trading at 5,042.0 up by 41.5 points.


View:- BUY TISCO AT 532

BUY STERLITE AT 851.

Performance for 13th Nov 2009

BUY HDFCBANK 1736 AT MADE A HIGH 1741

BUY INFOSYS AT 2362 MADE A HIGH OF 2374.5


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Friday, November 13, 2009

Market Report 13th Nov 2009

Wall Street slips on 'rally fatigue'
Potato, onion push food inflation to 13.68%
IIP growth continues to be robust at 9.1%
OVL allowed to invest $70 million more in Brazilian oilfield
RIL questions RNRL's demand for gas without plant
Air traffic grows 25%
REpower's H1 net profit rises 21.5%
BHEL may have power venture at Nano's Singur site
Tata Steel offers to swap $875 mn of securities
L&T to sell part of Mahindra Satyam stake: Sources
Suzlon to see buying interest after inclusion in MSCI
Infosys arm buys insurance BPO McCamish Systems for $38m

SINGAPORE NIFTY IS TRADING AT 4,954.5 DOWN BY 14.5 POINTS.


VIEW:- BUY INFOSYS AABV 2362

BUY HDFC BANK ABOVE 1736

Performance for 12th Nov 2009

BUY MARTUI ABV 1477 >>> SL HIT.

Wednesday, November 11, 2009

Performance for 4th Nov 2009

BUY MARUTI AT 1451 MADE A HIGH OF 1470.

BUY RIL AT 1886 MADE A HIGH OF 1928.


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Wednesday, November 4, 2009

Market Report 4th November 2009

Markets may open with a positive note on account of global cues.

SIngapore nifty is trading at 4,590.5 up by 54.0 points.



View:-

BUY MARUTI ABOVE 1451 TGT 1469

BUY TCS ABOVE 626 TGT 641