Market Report for 30th sept 2009

Wall Street ends lower; Dow down 47 points
Nikkei starts flat, yen supports but Toyota slips
US stocks down on slipping consumer confidence
L&T to mop up $600 mn from institutions
Bharati, ABG may get Sebi nod for Great Offshore offer soon
Ashtavinayak gets board nod to raise Rs 721 cr
FT to raise Rs 1,500 crore
IDBI slashes rates for auto, home loans
Jet to sell land in Mumbai to raise Rs 1,000 cr
Selloff plan set to be ready by Monday
Three realty firms file DRHP; may raise Rs 10,000 cr
Mercator finally toes the line on ship registration abroad
Raids on Temptation Foods offices for alleged tax evasion
MindTree in $6 mn deal for Kyocera’s Indian subsidiary
MMTC blames Tata Steel for delay in developing coal block

India Cements investing Rs 500 cr in 2 power plants

SIngapore Nifty is trading at 4,993.0 down by 3.0 points.

Performance for 29th Sept 2009

BUY RIL AT 2176 MADE A HIGH OF 2181.6


BUY SBI AT 2162 MADE A HIGH OF 2167

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Market Report for 29th Sept 2009

Asian markets gain on US cues
US markets edge up on M&A deals
Nikkei rises 0.8 pc on exporters after sell-off
2 US acquisitions in 3 months and Lupin scouts for more
Gujarat Foils to invest Rs 350 cr in backward integration
NEPC to invest Rs 2,000 crore
Spice exports decline 10% in April-August
Castor prices slide as farmers offload old stock
Coking coal prices may touch $200/tn in 2010-11
MTS to launch high-speed internet services soon
Vijaya Bank looking at Rs 5,000 crore from NRI accounts
Murugappa to buy 37.5% DBS stake
India may attract $5 bn in Nelp-8: oil regulator
Tata Power scouts for coal blocks abroad



Singapore Nifty is trading at 5,002.5 up by 42.5 points.


View:- Sell Sesagoa below 248 for a tgt of 240.Sl 252.

Performance for 25th Sept 2009

BUY MARUTI GIVEN AT 1660 MADE A HIGH OF 1674



BUY M&M AT 882 MADE A HIGH OF 883.9


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Market Report 25th sept 2009

Asian markets drop in early trades
US markets slip on weak data, stimulus worries
BSNL, MTNL cagey on tie-up with Vavasi for Zain stake
TechM, IBM, TCS in race for $400-mn Sistema deal
New tax may push up cost of non-life cover
Govt mulls public offer for SAIL
Saif III Mauritius offloads 4.37% stake in MindTree
Delivery-based volumes on BSE shot up
TVS to go ahead with sales of Flame
Adani group eyeing 100 mt port
Wabco-TVS to tap new export mkts
Modi Tyres, Continental revive collaboration talks
RIL, NTPC sign gas supply deal for three units
Nalco to hold minority stake in NPCIL venture
Punters make a killing in forex market with prior QIP funds info

Inflation rises to 0.37% on food surge


GE deal to stay with Mahindra Satyam for 3 yrs
Reliance Infratel files IPO papers with SEBI
L&T expects to improve 25% order growth forecast
Maruti to relaunch SX4 with new engine, facelift
RIL stops gas supply to ADAG firm, latter lashes out


Singaopore NIfty is trading at 4,941.5 down by 60.5 points.

Performance for 24th sept 2009

SELL MARUTI AT 1636 MADE A LOW OF 1612


SELL DLF AT 412 MADE A LOW OF 409.3


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Market Report For 24th Spet 2009

FIIs net sellers Rs 1,175.98 cr in F&O on Wednesday
Most Asian Stock Markets Fall on Drop in Commodity Prices
US markets slip on stimulus withdrawal worries
No formal request by MTN for dual listing yet: Govt
Oil drops nearly 4 percent on surprise US stock build
UCO Bank seeks govt nod for Rs135cr FPO
TCS bags APSwan project
Federal Bank up on merger talk
Expect pay hikes and promotions, Infosys tells employees
Wipro looks to sell French unit as employee protests mount
3i Infotech QIP issue fetches Rs 318 crore
Cipla mops up Rs 671 cr through QIP
Suzlon Energy promoters raise Rs 678 cr from 4.5% stake sale


Singapore Nifty is trading at 4,922.5 down by 44.0 points.


View :- Sell BankNifty below 8353 For a target of 8286 SL 8390

Market Report 23rd sept 2009

BUY STERLITE AT 776 MADE A HIGH OF 786

SELL HDIL AT 328 MADE A LOW OF 322

SELL INFOSYS AT 2370 MADE A LOW OF 2358.1


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Market Report 23rd sept 2009

Wall Street resumes rise recovery optimism
Asia trading lower; Shanghai Composite, Hang Seng down
Axis Bank raises rate-war pitch with car loans at 9%
Banks told to disclose loan reference rate to customers
JP Associates to raise $150-200 m via treasury block sale
Re at six-week high as stocks attract investors
Federal Bank starts due diligence to acquire CSB
Dewan Housing Finance raises Rs 250 cr debt
GSK drug-deal talk lifts DRL scrip
Cipla to offload 4% stake for Rs 840 crore
Takeover Code change to impact Bharti-MTN deal
Tata Steel Kalinganagar plant to start work soon
Kingfisher Airlines mulls rights offer to pare debt
Troikaa Pharma launches Xynova Endo for easy dental procedure
Goldman Sachs unit buys 1.1% in KS Oils
TVS Motor to launch 2 new bikes in commuter seg by yr-end
Union Bank expects 30-35 bps increase in NIMs in Q3
RCOM board approves Rel Infratel IPO; to approach SEBI soon
NTPC may sign gas deal with RIL at $4.20/mmBtu
Sanofi bags order from US for supplying swine flu vaccine
India's carpet exports shrink 28% in Aug
Arshiya International signs with L&T
Bharti stock down 3 per cent as MTN deal gets costlier
REC to take expeditious measures for proposed FPO
Labour unrest hits Rico Auto; output down 30%
Pipavav Shipyard fixes IPO price at Rs 58/share


Singapore Nifty is trading at 5,040.0 up by 17.0 points.

Market Report 22nd sept 2009

Asian markets trading firm; Hang Seng, Seoul Composite up
US markets end lower; crude slips more than 3%
Three BPO units of HP on the block
Nalco to invest Rs 25,000 crore
Durables sector expects Rs 15k crore sales
Polaris plans expansion in Europe; possible hub Sweden
Foreigners may get direct ride to Dalal Street
FII inflows set to cross $10 bn-mark this month: Analysts
'India can sustain 6-8% growth rates up to 2025'
PGCIL to raise Rs 2,500 crore through bond issue
Bharti-MTN deal ready to be signed

Singapore Nifty is trading at 4,972.5 down by 9.5 points.

View:- Sell AxisBank below 897 for a target of 883..sl 905

Sell Bank Nifty Below 8311 Tgt 8250..SL 8348.

Performance for 18th Sept 2009

SELL RELICOMM GIVEN AT 307.5 MADE A LOW OF 302.5


SELL STERLITE AT 759 MADE A LOW OF 751.6


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Market Report for 18th sept 2009

Nifty hits 5000 for 1st time since May 23, 2008
Asian markets slip in early trades
US markets slip after three days
Dabur India earmarks $250-500 mn for overseas buys
Legal hitches in India delay MTN/Bharti deal - Zuma
Hotel Leela expects spike in Q3 numbers
Rain deficiency down, hopeful of normal Rabi crop: MET
Ranbaxy to sell Neronox in India
Ranbaxy ties up with South Korean firm to market cosmetic drug
After 13 weeks, inflation turns positive at 0.12 per cent
PVR to open over 30 screens within next 6 months
SBI to set up administrative office in UK, says OP Bhatt
SBI hopes to maintain 40 pct growth in UK
RIL raises Rs 3,188 cr through sale of shares
Inflation in positive zone after 3 months; rises to 0.12%
BP sells India windpower assets for $37 mn to Green Infra
BSNL bids for Millicom’s Sri Lanka unit
Alstom Projects bags Rs 187cr order for Bangalore Metro
Wipro eyes Rs 700-cr govt business

Singapore Nifty is trading at 4,946.0 down by 15.5 points at 9.15 AM IST

Performance for 17th sept 2009

SELL RIL GIVEN AT 2153 MADE A LOW OF 2071


BUY MARUTI AT 1537 MADE A HIGH OF 1576.45


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Market Report for 17th Sept 2009

Asian markets gain; Hang Seng jumps 2%
US markets gain on industrial data
Barclays sells $12.3 billion loans to fund
SEBI's transparency norms may change IPO game
SEBI cracks whip on MFs' new fund offers
SEBI's transparency norms may change IPO game
Auto players line up new models for festive season
Rice output this year to be lower than estimated
FCI to procure 2.6 million tonnes of paddy from Punjab this season
'India's net sugar imports will continue for 2 yrs'
Recession could cost 25 million jobs by end-2010
Bajaj patent case: SC allows sale of TVS Flame with caveat
R-Infra asks RIL to withdraw margins
NTPC warned against commenting on sub judice matters
RIL plans to sell Rs 4,250 cr of treasury stock
Electrosteel to raise Rs 600 crore
Bharati Shipyard ups stake in Great Offshore
$10bn: Potential biz for Indian pharma cos for biosimilars
Koutons to raise Rs 100 cr through QIP for expansion
South Indian Bank aims Rs 230 cr net profit this fiscal
LIC Housing Finance raises $135 million in stock sale
Gold hits the roof, touches Rs 16,220 for 10 grams
Sensex hits 16-month high, Nifty crosses 4,900
Asia stocks hit 13-mth high on upbeat U.S. data


Singapore Nifty is trading at 4,997.0 up by 29.0 points at 9.15 AM IST.

Market report 16th Sept 2009

Wall Street ends at new 2009 high on strong economic data
Asian stocks hit 2009 highs, US dollar slips
RBI panel on BPLR to meet today
RBI, finance ministry to fix borrowing plan on Sept 29
RBI may not hike rates till economy recovers
Pipavav Shipyard receives Rs 92 cr from 6 anchor investors
FIIs fear higher tax outgo under new direct tax code
EGoM set to speed up highway projects
Elitecore eyes Rs 100 crore overseas acquistion
IT industry may create 40k jobs this fiscal: Nasscom
275 mn 3G subscribers in India by '13: Evalueserve

Singapore Nifty is trading at 4,945.0 up by 48.0 points.

Performance for 15th Sept 2009

BUY STERLITE GIVEN AT 733 MADE A HIGH OF 748.9


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Performance for 14th sept 2009

SELL STERLITE GIVEN AT 722 MADE A LOW OF 713.35

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Performance for 11th Sept 2009

SELL RELICOMM GIVEN AT 298 MADE A LOW OF 293.


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MArket Report for 11th Sept 2009

US stocks extend gains to 5 days after jobs report
IDFC PE set to buy BP wind power assets for Rs 650 cr
Banks continue to refinance CDs as rates remain low
Axis Bank gets nod for GDR issue; QIP soon
RBI governor’s rate hike signal lifts yields; Rupee dips 13 paise
NSE's 'spread order' system may boost derivatives trade
Oil India IPO subscribed 31 times; QIBs bid the most
Centre to stand guarantee for Rs 5.5k-cr loan to Nacil
FDI climbs 55% in July
Govt to set up new one-stop agency to facilitate FDI
Pipavav Shipyard fixes IPO price band at Rs 55-60/sh
Housing finance cos stand to benefit on rate subsidy
Inflation inches up to -0.12% on costlier food
Govt may shed 5% stake in NTPC before March
Idea adds 1.54 mn new subscribers in August
Wipro to take Australian headcount to 1,000
Bharti said to offer 320 bps more than Libor for MTN loans
I-T dept raids HDIL office, brass' homes
Glenmark QIP issue opens, priced at Rs 221/sh: Sources
NTPC makes official disclosure on Reliance gas suit
RIL drops GI tag bid for K-G, Jamnagar gas
Strict time limit on sugar, pulses storage at ports
Government drafts green SEZ policy
Exports dip for 11th consecutive month,but govt sees ‘glimmer of hope’
L&T aims Rs 4,000-6,000 cr from nuclear equipment business
DoT allots 8 series to Reliance
Sebi mulling reducing listing of shares after IPO closing to 5 days


View:- SELL HDIL BELOW 294 TGT 282..SL 301

BUY HDFC AT 2556 TGT 2608 SL 2523

SINGAPORE NIFTY IS TRADING AT 4,842.0 UP BY 37.5 POINTS.

Performance for 10th sept 2009

BUY BHARTI GIVEN AT 419 MADE A HIGH OF 424.


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Market Report 10th Sept 2009

Asian markets open strong; Hang Seng up 300pts
US stocks end higher; Mahindra Satyam up 4%
BSNL, MTNL say yet to decide on Zain deal
Reuters Summit - Suzlon sees 400-500 MW in new orders
No fresh equity, govt to shed 10% in CIL issue
ING Vysya Bank raises Rs 415 cr in QIP; plans expansion
Credit growth drops to 14.1 per cent
Wall Street ends up for 4th consecutive session
Anil’s power firm under scanner for hiking tariff
Foresight Opticals plans 25 new stores in 3 years
Coal ministry for market-linked prices
Ambuja Realty ties up with Swiss hospitality major for 5-star hotel
Pilots stir: Jet losing $6 million daily
Bharti, MTN to ink $24bn deal by month end: Sources
BPCL files suit for winding up of Kingfisher
Cement despatches up 17 % in August
Copper down on US consumer credit plunge
Today's View:- BUY BHARTI ABOVE 419.TGT 426 SL 414
SELL STERLITE BELOW 732 FOR A TARGET OF 720..SL 740

Singapore NIfty is trading at 4,867.0 up by 46.0 points.

Performance for 9th sept 2009

SELL DLF GIVEN AT 427 MADE A LOW OF 417.4

SELL INFOSYS GIVEN AT 2180 MADE A LOW OF 2177


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Market Report for 9th Sept 2009

Market hits fresh high despite early setback

Wall Street ends with moderate gain; Crude above $ 71
OPEC set to hold supply steady, likes oil price
Asian markets trading lower; Hang Seng, Nikkei down
PSU oil companies may lose Rs 25,000 cr on under-recovery
Honda Siel to export engine parts to Japan...
EWDPL, IHC to run five hotels in Tier-II cities
Centre to continue 100% reservation for jute bags
Railways bio-fuel plant likely in Yelahanka
Ness Tech unveils its first SEZ
Cognizant acquires US consultancy firm
Tata DoCoMo extends pay-per-use scheme to SMS
Gold touches all-time high, rs 16,200/10gm
HCL Infosystems' Q4 net down 7%
TTML to expand 'Photon' wireless broadband service in Maharashtra
SEZs must get fresh NOCs for extension of validity


SIngapore NIfty is trading flat at 4,798.0 points.

View For the day:- SELL NIFTY BELOW 4772 TGT 4745 SL 4792.

Performance for 8th sept 2009

SELL INFOSYS AT 2205 MADE A LOW OF 2197.35


SELL MARUTI AT 1532 MADE A LOW OF 1513.1



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Market Report for 8th Sept 2009

Sensex back at 16k, India best performer among Asian peers

222 BSE-listed stocks hit 52-week highs
FIIs net buyers Rs 1,826cr in F&O on Monday
Nikkei drifts, hit by yen; JVC, Showa Shell climb
Chaos at Mumbai, Delhi airports as 400 jet pilots go on sick leave
BPCL, Videocon team up for Indonesia oil foray
Now, UN calls for new currency to replace dollar
RIL to beef its global trading desks
Infy remains cautious despite BP deal
Dell, MTNL tie up for 3G wireless solutions
Genpact BPO project in city may be delayed
Maruti to expand Manesar factory capacity by 40% in two years


SIngapore Nifty is trading at 4,815.5 up by 11.5 points.

Performance for 7th Sept 2009

BUY BHARTI GIVEN AT 411 MADE A HIGH OF 426.5

BUY TCS AT 542 MADE A HIGH OF 553.55


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Performance for 4th Septemeber 2009

BUY M&M GIVEN AT 836 MADE A HIGH OF 879

BUY MARUTI GIVEN AT 1532 MADE A HIGH OF 1555.4

BUY TISCO AT 427 MADE A HIGH OF 432.3


SELL DLF AT 407 MADE A LOW OF 394.7

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Market Report for September 4th 2009

US stocks break 4-day slide ahead of jobs report
Mobile number portability not before Dec 31, says DoT
Aban Offshore deploys 2 more rigs; stock up 2%
Ackruti City's QIP open, closes Sept 4: Sources
Inflation moves up to -0.21%
Neyveli Lignite to invest Rs 10,000 cr in power projects
Sub-brokers may not need SEBI stamp, self-regulator on anvil
Tata Sons to hike stake in group cos
TCS to hire 25, 000 globally this year
View;- Buy TCS above 542 for a target of 547 SL 537
Gold surges to 7-month high on firm global cues, rising demand
Only Virgin, Spice pick up MTNL's 3G bid call
Moser Baer up 3% on new project
Listed firm promoters can make offer for sale: Sebi
Maruti posts 48% growth
View:- Buy MAruti above 1532 Intraday Target 1551.sl 1519
Oil India bullish on city gas distribution
Healthcare Global to raise Rs 50 cr via PE route
BHEL to set up solar PV facility
Chinese mobile battery maker plans Chennai unit
HealthHiway gets $4 mn investment
Sanraa Media forms JV with World Studio Group
Corus plans hike in steel prices as demand rises
View:- Buy TISCO above 427 Intraday Target 431 SL 423.

LIC to invest Rs 1 lakh cr in equities this year

SIngapore Nifty is trading at 4,593.0 up by 12.5 points IST

Market Report for 3rd September 2009

US stocks fade as traders worry about unemployment and weak eco data; Dow ends down 30 pts
Asian mkts trading higher; Shanghai up 2%
NTPC, REC to come up with FPO by fiscal-end
Oracle Financial hits 52-week high.
Mold Tek approves issue of 2 lakh shrs on pref basis.
KPIT Cummins locked at 5% lower circuit.
Expect 20% revenue growth this year: Amara Raja Batteries
At hint of recovery, realty cos hike rates by 15%
Flat steel prices rise 5% in spot market
RIL board meeting put off
RIL blames NTPC for not signing gas purchase pact
Ministry wants more Reliance gas for new projects
Tatas open to selling stake in Croma chain to PE investors
3G services to be commercially available by Oct '10: Bharti
MCX-SX gets 1 more year to complete divestment


Singapore Nifty trading at 4,630.0 up by 12.0 points at 9.20 AM IST.

Market Report for 2nd September 2009

US markets tumble; Tata Comm sheds 4% The Asian markets have opened on a negative note barring the Shanghai Composite and the Taiwan Weighted Index.
The Hang Seng has shed 308 points (1.5%) to 19,553.
The Nikkei has plunged 268 points (2.5%) to 10,262.
The Straits Times has declined 23 points (1%) to 2,527 and the Seoul Composite is marginally down at 1,613.
The Shanghai Composite on the other hand has advanced 27 points (1%) to 2,711 and the Taiwan Weighted Index is flat at 7,031.
Sensex slips in second-half; auto stocks buck trend
Union Bank cuts foreign currency deposit rates
Sebi bars Austral Coke from raising fund
Ranbaxy receives govt order for Tamiflu
Berger Intl to sell entire stake in China unit
Govt to end oil licensing round system by 2011
Tata Tele takes bill off pulse, to charge per call
South Africa govt support makes MTN-Bharti deal likelier
Tata Motors Aug sales up 14% at 49,810 units.

Singapore Nifty is trading at 4,593.0 down by 22.5 points at 9 AM IST.

Performance for 1st September 2009

BUY MARUTI AT 1475 MADE A HIGH OF 1561.

BUY RELICOMM AT 265 MADE A HIGH OF 272.7

BUY BANK NIFTY AT 7511 MADE A HIGH OF 7600


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Market Report for 1st Sept 2009

Asian markets open +ve; Hang Seng up 150pts
Grupo Mexico wins judge's backing in Asarco case
FIIs net buyers Rs 284cr in F&O on Monday
NTPC-BHEL unit to be completed by 2011-12.
Banks lend Rs 782cr to MSMEs in first four months
6 more months to repay farm loan
Fiscal deficit hits 40% of FY10 target
FTP tax sops to cost govt Rs 2,200 cr
Dream debut for interest rate futures
Indian Autogas to raise Rs 750 crore PE fund
Re has biggest monthly slide since February
Cash-rich Infy finding difficult to acquire cos at right price
Irda may cut Ulip approval time from 30 to just 3 days
KoPT expects 1 lakh TEUs after mechanisation
UP sugar mills' privatisation: Bidding deferred to mid-Sept
Seven developers eye solar panel manufacturing units
Disney adds star power with $4 bn Marvel buy
Oil drops nearly 4 per cent on China economy fears
Zydus Infra's knowledge park to come up in 500 hectares


Singapore Nifty is tarding at 4,689.0 up by 20.0 points.