Wednesday, April 28, 2010

Market Report for 28th April 2010

Global markets in a tizzy as S&P junks Greece
Nikkei slides 2.7 pct on European debt worries
Wipro to allot 2.32 lakh shares to employees
Yes Bank to raise Rs 1,500-cr capital this fiscal
Govt rules out hike in export duty on iron ore fines
PFC net up by 20% to Rs 2,355 crore
GSK net profit rises 12%
Govt may sell stake in IOC by March
Patni bags $200-mn deal from insurer Universal American
L&T Fin plans to raise Rs 600-700cr for loan disbursals
CBay plans to shift half of its work to India
Zain east Africa sees revenues up 50% by 2013
Ananta Capital raising $150 mn for two funds
SC verdict on RIL-RNRL gas case in next few days: Sources
BEL ups R&D budget by 15% for FY11
Sebi allows derivatives on volatility index
Nagarjuna Agrichem net up 13%
Ranbaxy aims for No. 1 position in generic drugs market by 2012
Govt eyes Rs 1,079 cr through SJVN disinvestment

Tuesday, April 27, 2010

Market Report for 27th April 2010

Asia trading lower; Shanghai Composite, Hang Seng down
Wall Street ends flat; financials drop 1.7%

Promoters' holdings dip in top IT companies
BSE feels peer pressure, cuts membership fee by 90%
Non-life insurers clock 13.4 per cent growth in 2009-10
Banks open doors to realty; Lower bar, offer fresh lending
Telemarketers oppose Trai's 'do-call' registry
Posco may hold 74% in SAIL joint venture
Tata Projects among 13 to certify city gas networks
Mahindra looks to buy Korean auto company
Sun Pharma stocks slip on US court decision
SC refuses to lift stay on Lafarge mining
Jaihind Projects bags Rs 83.84 cr orders
Varmora Granito lines up Rs 100 crore for capacity expansion
Mandhana Industries IPO opens for subscription

Performance for 26th April 2010

SELL DLF BELOW 326 MADE A LOW OF 321.1


SELL NIFTY FUT AT 5335 MADE A LOW OF 5310


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Monday, April 26, 2010

Market Report for 26th April 2010

Asian markets trading higher; Hang Seng, Nikkei up
Market cues: FIIs net buy $393.18 mn in equities on Apr 22
Areva T&D India's order book rises to Rs 4900 cr
SAIL board may be restructured before FPO
EID Parry buys majority stake in GMR Industries
GMR Energy to raise Rs 8,800 cr in debt
Govt may relax FDI in retail
Bids for one all-India 3G licence reach $1.8 bn

Saturday, April 24, 2010

Performance for 23rd April 2010

BUY DLF ABV 330 MADE A HIGH OF 336


BUY NIFTY ABV 5285 MADE A HIGH OF 5315



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Friday, April 23, 2010

Investment Call

BUY SHIV VANI OIL AT 445 TARGET 500

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Thursday, April 22, 2010

Market Report for 22nd April 2010

Nikkei falls 1.8 pct, chip-related shares falter
Wall Street ends flat as healthcare weighs
FIIs move away from state oil companies
United Spirits net sales up 38% in fourth quarter
TCS, Rolls-Royce sign engineering services pact
KSK Energy bets on new units for fresh triggers
M&M starts work on electric two-wheelers
Unitech shares rise over 2 per ccent on demerger plan
HCL net income rises 57% in third quarter
Sundaram Fin to buy out BNP in JV
Atlas, Reliance to buy more Marcellus acreage
Meltdown continues, sugar prices hit new lows
Re weak on speculation over RBI move on curbs
RBI tightens loan securitisation rules for banks
India will have 90% pay TV penetration by 2014


MARKET VIEW;- MARKETS ARE EXPECTED TO OPEN LOWER AND TEST KEY SUPPORT LEVELS.

Investment Call

BUY AXIS BANK AT 1177 ON 20th April 2010 MADE A HIGH OF 1252 ON 21st April 2010.


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Performance for 21st April 2010

BUY RELCAP ABV 740 MADE A HIGH OF 744.6


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Tuesday, April 20, 2010

Market Report for 21st April 2010

Asia trading higher; Hang Seng, Nikkei gainEssar Shipping to invest Rs500 cr in Paradip port
Deora urges PM for panel to free fuel prices
Axis Bank profit up 32% to Rs 765 cr
Suzlon to supply 44 turbines for wind project in Turkey
Jindal Saw net profit up 86%
Ranbaxy fortifies warrants of Daiichi Sankyo worth Rs 175 cr
Novartis Q1 net up 49% to $2.95 bn
Strides Arcolab redeems $34m FCCB due in 2010
Lupin unit gets US FDA nod for Imipramine capsules
Manali Petro Q4 net profit up at Rs 7.7 cr
Dena Bank seeks govt Rs 1,300 cr for capital requirement
CIL to ink global pacts for Rs 4,000-cr washeries project
Hanung Toys bags $ 90mn export order; stock up


Market View:-
Markets to open positive on account of positive global cues.

View:- Buy RELCAP ABV 740 FOR A TGT OF 755.
BUY DLF ABV 334 FOR A TGT OF 342.

Performance for 20th April 2010

BUY STERLITE ABV 825 MADE A HIGH OF 828.75


SELL INFOSYS BELOW 2730 MADE A LOW OF 2720




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Investment Call

BUY AXIS BANK AROUND 1177 FOR A SHORT TERM TARGET OF 2015.



BUY THOMAS COOK AROUND 68 FOR A MEDIUM TERM TARGET OF 88/100.



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Market Report 20th April 2010

US markets end mixed
Will focus on acquisitions to fill value gap: HCL Tech
Thomson Reuters launches high-speed global network
TCS joins the IT party, posts 47% rise in net
Hero Honda posts its best quarterly result
Vicat buys majority stake in Bharathi Cements
Siemens to invest Rs 500 cr for wind turbine mfg facility in guj
DoT suggests putting BSNL divestment on backburner
ArcelorMittal eyes stake in Ferro Alloys Corp
JSW acquires control of South African coal mining company
No immediate impact seen on finances of M&M after buyout of Renault in JV
Onion exports up 2% despite higher MEP
RBI inflation in focus ahead of review
Unitech board may consider 1:1 demerger swap ratio: Sources
Competition, tariff war to dent Q4 results of telecom firms
Infosys negotiating with its clients to share currency risks


Market View:- Market is expected open flat and RBI's meeting eyed.

Monday, April 19, 2010

Market Report for 19th April 2010

Asia trading weak; Hang Seng, Nikkei down over 1%
Britain, Germany weigh action against Goldman Sachs

Fortis loses 10% in a week as FII dumps shares
Asian Hotels: Demerger likely to boost valuation
CIL IPO likely to hit markets by July-end
Govt may regulate steel prices
HDFC Bank edges out ICICI as India's top pvt retail bank
RBI may pull out all stops to rein in inflation
Videocon aims to double Pipavav plant capacity to 2400 MW
Indonesian takeover to propel Godrej as No. 2 in Asia
Unitech floats Rs 300-crore Mumbai redevelopment fund
IL&FS plans stake sale to raise $300 mn

View:- Markets may open weak on account of global cues.

Nifty View:- Sell Nifty below 5237 for a target of 5205. SL 5255

Saturday, April 17, 2010

Performance for 16th April 2010

SELL DLF BELOW 332 MADE A LOW OF 324.1


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Friday, April 16, 2010

Market Report for 17th April 2010

Sensex tanks 180 pts on rate hike fears; RIL, ICICI lead fall
Inflation at 17-month high of 9.9% in March
FIIs net buy Rs 100cr, DIIs net sell Rs 77cr
US markets edge higher
Asia trading weak; Hang Seng, Nikkei down

PEs approach RBI to reduce post IPO lock-in period
GMR Infrastructure begins QIP to raise up to USD 250 mn
HDFC lowers first yr home loan rate to 8.25%
RBI seen hiking rates, cash reserve ratio
ONGC overseas arm aims for lower prod in FY11
Examining pros and cons of a possible listing: GE India
Govt to build first oil reserve facility by Oct 2011
Gujarat Pipavav’s Rs500cr IPO may hit market in one month
HP bags IT contract from Aircel
Tata Motors global sales grow 39% in March
Ranbaxy recalls antibiotic drug from US market

Thursday, April 15, 2010

Market Report for 15th April 2010

Wall Street gains on strong earnings from Intel, JPMorgan
Patni bags contract to develop database for airlines
Welspun India to raise Rs 1.5 billion in share sale: Sources
Tatas plan book building to sell Tata Motors DVR shares
Oil marketing cos to get rest of dues next month
Quatrro BPO gets $13 mn in second round of VC funding
Essar Oil's net profit slumps 73% to Rs 180 crore
Godrej to bring Kinky, Keyline products in India
NSL ties up funds for Three hydel projects
Navayuga replaces Maytas as developer of port

Mundra Port unloads 88000 MT coal in 24 hours

Performance for 13th APril 2010

SELL ICICI BANK BELOW 951 MADE A LOW OF 940.35

SELL HDFC BANK BELOW 1938 MADE A LOW OF 1931

SELL RIL BELOW 1115 MADE A LOW OF 1111.3

SELL NIFTY SPOT BELOW 5308 MADE A LOW OF 5301.7


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Tuesday, April 13, 2010

Market Report for 13th April 2010

US budget deficit narrows to $ 65bn in March
Nikkei slips, led down by chip-linked shares
Industrial output up 15.1%

IVRCL A&H eyes Rs 20k crore assets
BSFL to raise Rs 75 cr via NCDs
MFs record Rs 83,081 cr net inflow in FY10
IFC likely to invest $15 mn in Mumbai PE fund
DCB promoters get time till 2014 to reduce stake
Ban on sale of Ulips lifted
New season tea hits market; costlier by Rs 20-30 a kg
Rolta acquires US-based OneGIS
Bharti raises about Rs 10K cr from banks for 3G: Sources
Input costs may hit Tata Steel output, profit in European ops
RCom plans live chat service for data customers.


View:- Market may open on a flat note.

Sell Nifty below 5308(SPOT) for a tgt of 5290/5276.
Sell Sesagoa below 446 tgt 440/436
sell Bharti below 304 tgt 298/296

Performance for 12th April 2010

SELL INFOSYS BELOW 2658 MADE A LOW OF 2652.05


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Monday, April 12, 2010

Market Report for 11th April 2010

Greece wins more than $41 billion in EU, IMF aid
Tata Steel creates multiple job avenues for displaced families
MMTC to open 63 retail outlets
Suraaj Group announces Rs 500-cr housing project
MTR Foods to outsource manufacturing
Engineers India in City Gas Distribution Business
SEBI bars 14 insurers from issuing ULIPs; IRDA responds
NTPC Korba records highest PLF
Sidbi expects to raise Rs 15,000-cr long-term loan this fiscal
Suzlon bullish on China despite cost pressure
Essar Oil loses more market share with fuel price rise
R-Infra interested in bids for regional airports
Bhushan Steel's Bengal projects hit roadblocks
SpiceJet stakeholders reject ADAG offer

Friday, April 9, 2010

Performance for 9th April 2010

BUY RIL ABV 1120 MADE A HIGH OF 1131


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Market Report for 9th April 2010

'3G, broadband wireless auctions may last 45 days'
FIIs net sell Rs 302 crore in F&O on Thursday

Asian markets open mixed
Greek fears hit world stocks.
Nifty tests 5300 on Greece worries; SAIL plunges 7%
Govt clears divestment in SAIL; to fetch Rs 16,000 crore
Govt ups HP's stake in SJVNL by 0.5%
Gold demand remains weak for second session
To acquire Fortify Infra Services for USD 15.5m: Mphasis
SC dismisses MMPTC petition against Lanco Infra; stk up
Travancore Titanium Prod posts Rs 21 cr profit in FY'10
Godrej Cons may raise equity capital for future buy via QIP
Block deal in Welspun Gujarat; stk slips 6%
Amb Cement March qtr PAT seen down 8% at Rs 307 cr
ACC March qtr PAT seen down by 13.6% to Rs 349.5 cr
See 15-20% revenue growth in FY11: Gujarat Apollo
Rel Life, Swiss Re deal nearing completion: Sources
Suzlon bags Italian firm's order for 18 wind turbines
Essar Oil up 5% on parent firm's London listing plan
Coal India may file DHRP by June 15
Cipla launches Nexavar generic at 1/10th of Bayer's price
Govt bans FDI in cigarette manufacture
Hotel Leela to raise room rates by 10-12%: Official

Thursday, April 8, 2010

Performance for 8th April 2010

SELL NIFTY SPOT BELOW 5344 MADE A LOW OF 5290.25

SELL HDFC BANK BELOW 1919 MADE A LOW OF 1893.8

SELL TISCO BELOW 677 MADE A LOW OF 668.2


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Market report for 8th April 2010

Asian Stocks Fall on U.S. Consumer Credit, Japan Machine Orders

Mahindra hikes prices by up to Rs 26,100
BGR Energy plans 1,320 Mw plant in Orissa
NTPC plans to raise capacity to 75000 MW by 2017
Ackruti City plans to raise Rs250 crore
Kingfisher Airlines plans GDR in 10 weeks
Decision on FDI ban in tobacco products likely tomorrow
Dish TV targets addition of 3m subscribers in FY11
USL becomes 2nd biggest spirits maker in world
Steel Strips says promoter picks up 4% stake in firm
Expect $15m order from China in few days: Everest Kanto
Blackstone to invest up to $3 bln in India over 5 yrs
Reliance Venture Asset Mgmt invests in Tessolve Services
JSW Steel plans Rs7,000 crore capex
Importers' dollar buy talk pulls Re down 0.2%
RIL promoters acquire shares worth Rs 113 cr
ACC's savings through AFR business rise 79%


Market Outlook.MArket may open negative and will test key support levels.

Nifty Strategy:- Sell NIfty below 5344 for a tgt of 5312/5290. Use Trailing SL of 15 points.Don't sell Nifty if it opens below 5344.

Wednesday, April 7, 2010

Performance for 7th April 2010

BUY AXISBANK ABV 1084 MADE A HIGH OF 1093.15


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Friday, April 2, 2010

Performance for 1st April 2010

BUY TISCO ABV 639 MADE A HIGH OF 654.


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