Indian Stock Market Trading Free Tips

Best stock bets for 2010

noreply@blogger.com (FlabiaFresh) — Mon, 04 Jan 2010 08:05:00 +0000

ET spoke to some of the savviest players to feel their pulse . Here are some of their picks...

Honda Siel Power

By: CJ George, MD, Geojit BNP Paribas Financial Services

CMP: 263
1Yr Return: 75% P/E: -45.0
Market Cap: Rs 267 crore

Production is on in full swing at Honda Siel Power’s Greater Noida plant, as part of its parent company’s bigger game plans for India. Consolidation of component making and assembly operations at one place is expected to save costs considerably, thereby boosting profitability margins. Current market price of Rs 250 is backed by Rs 160 cash surplus per share and Rs 45 cash earnings per share for FY11.

TTK Healthcare

By: CJ George, MD, Geojit BNP Paribas Financial Services

CMP: Rs 237
1Yr Return: 235% P/E: 20.7
Market Cap: Rs 192 crore

TTK Healthcare is into niche businesses in pharma, FMCG, foods, medical devices etc. It is also working on development of coronary stent, vascular graft and stent graft for thoracic aortic aneurysm and abdominal aortic aneurysm repair. In the coming years, medical devices business will grow at a faster rate with an operating profit margin of 45%.

Wipro

By: Nirmal Jain, CMD, India Infoline

CMP: Rs 694
1Yr Return: 199% P/E: 25.4
Market Cap: Rs 1,01,841 crore

Wipro’s focus on cost control has helped it improve its operating margins. The company has diversified its pricing model the most over the past one-year. Contribution from fixed price projects is up almost 10 percentage points YoY. In fact, its onsite realisations are around 5% better than Infosys. Also, better integration among its diversified service offerings are enabling it to win large multi-service deals.

M&M

By: Nirmal Jain, CMD, India Infoline

CMP: Rs 1,061
1Yr Return: 281% P/E: 19
Market Cap: Rs 29,712 crore

M&M is perhaps the only player in the auto industry that does not face any significant competitive threat in its core business of tractors from foreign auto-makers. The Centre’s thrust on the rural economy and the rise in outlay of capital has increased the tractor demand. We see tractor industry volumes growing above 15% this year and maintain a double-digit growth for the next two years.

GVK Power & Infra

By: Anup Bagchi, ED, ICICI Securities

CMP: Rs 48
1Yr Return: 108% P/E: 432.3
Market Cap: Rs 7,509 crore

GVK Power & Infra is gaining momentum in all its operational verticals. It is now managing two major airports (Mumbai & Bangalore) in the emerging aviation space, thereby controlling around 29% market share of the aviation passenger segment. The power business is expected to drive operational performance in the medium term on the back of overall generation capacity of around 900 MW.

Indian Hotels

By: Anup Bagchi, ED, ICICI Securities

CMP: Rs 96.4
1Yr Return: 109.6% P/E: 46.4
Market Cap: Rs 6,974 crore

Improving GDP outlook, rising confidence in economic prospects and the ‘Incredible India’ campaign have improved the industry outlook. With travel and tourism demand expected to grow at 8.2% a year in the next 10 years, Indian Hotels is well poised to reap this benefit through addition of around 3,000 rooms across segments over the next two years.

NCC

By: Motilal Oswal, CMD, Motilal Oswal Financial Services

CMP: Rs 165
1Yr Return: 139% P/E: 27.2
Market Cap: Rs 4,256 crore

NCC has a strong order book of four times its revenues, and has the potential to grow its earnings at a 33% CAGR over FY09-11. With the Centre giving a strong focus on infra, NCC’s business opportunities will rise manifold. It will witness a significant order intake on the road construction in the next 12 months. Margins will rise due to operating leverage and we also expect working capital ratios to rise.

Sintex Industries

By: Motilal Oswal, CMD, Motilal Oswal Financial Services

CMP: Rs 256
1Yr Return: 34% P/E: 14
Market Cap: Rs 3,502 crore

The worst is over for Sintex and earnings growth is expected to be 30% through FY12, with a return on equity of over 18%. The global economy is recovering from deep recession and Sintex’s overseas units — Nief (France) and Wausaukee (US)— are doing well. Monolithic construction (22% of FY10 sales) has a healthy order book of Rs 1,800 crore, and should grow 60% in FY10 and FY11.

Axis Bank

By: Dinesh Thakkar , CMD, Angel Broking
CMP: Rs 987
1Yr Return: 102% P/E: 18.3
Market Cap: Rs 39,802 crore

Axis bank has raised substantial equity capital to fund growth plans and is poised for market share gains as GDP and capital market activity revives. The banking sector has the potential to grow at a CAGR of 18-20%, and Axis Bank has the ability to grow at least 5% faster than the industry. NPA concerns are receding and could provide upside to the market’s earnings estimates.

Technical Event® Alerts at Close of Business November 06, 2009

noreply@blogger.com (FlabiaFresh) — Sun, 08 Nov 2009 17:54:00 +0000

AJAN	BSE	Amrutanjan Health Care Ltd	Continuation Wedge (Bullish)	465.45	638.00 - 678.00	Intermediate-Term Bullish
ANLP	BSE	Anil Products Ltd	Continuation Wedge (Bullish)	130.00	150.00 - 155.00	Intermediate-Term Bullish
CBI	NSE	Central Bank Of India	Continuation Wedge (Bullish)	135.60	172.00 - 180.00	Intermediate-Term Bullish
HYDI	NSE	Hyderabad Industries Ltd	Continuation Diamond (Bullish)	408.00	501.00 - 522.00	Intermediate-Term Bullish
NAFT	NSE	National Fertilisers Ltd	Symmetrical Continuation Triangle (Bullish)	60.70	96.00 - 104.00	Long-Term Bullish
UTVS	BSE	UTV Software Communications Ltd	Continuation Wedge (Bullish)	440.20	566.00 - 596.00	Intermediate-Term Bullish
VYPR	BSE	Vyapar Industries Ltd	Double Bottom^W	46.10	84.00 - 94.00	Long-Term Bullish

Accumulate Bharti Airtel, target of Rs 358

noreply@blogger.com (FlabiaFresh) — Sun, 08 Nov 2009 17:30:00 +0000

Angel Broking has come out with a research report on Bharti Airtel's Q2FY10 earnings. The research firm has maintained an accumulate rating on the stock, with a target price of Rs 358, including Rs 56 being the value of its Towerco business, in its report dated November 6, 2009.

"Going ahead, we expect Bharti to record a CAGR of 8.8% and 2% in its topline and bottomline, respectively, over FY2009-11E. At the CMP, the stock is trading at 13.8x FY2011E EPS, at an EV/EBITDA of 7x FY2011E EBITDA and at an EV/subscriber of US $115 on our FY2011E subscriber base. However, considering: 1) The specific nature of the telecom sector, wherein new players are at a material cost disadvantage to incumbents who are enjoying huge economies of scale, 2) Established brands, comprehensive network coverage and widespread distribution also bring down customer acquisition costs for the incumbents, and 3) In the medium-term, we believe that the customer base that the new entrants acquire will have value in the hands of incumbents and consolidation appears the most likely scenario, which will be beneficial for Bharti, we maintain an Accumulate on the stock, with a target price of Rs 358, including Rs 56 being the value of its Towerco business", says Angel Broking.

Angel Broking has come out with a research report on Lloyd Electric's Q2FY10 earnings. The research firm has upgraded recommendation on the stock from

noreply@blogger.com (FlabiaFresh) — Sun, 08 Nov 2009 17:26:00 +0000

Angel Broking has come out with a research report on Lloyd Electric's Q2FY10 earnings. The research firm has upgraded recommendation on the stock from neutral to buy, with a target price of Rs 76, in its report dated November 6, 2009.

"Lloyd is the largest manufacturer of AC coils in India and also manufactures completely built units of ACs on a contract basis. Most of the AC manufacturers in India feature in the client list of Lloyd. The penetration of ACs is very low in India, at approximately 1.5 - 2%, compared to approximately 20% in developed countries, which will continue to drive the Sales of ACs in India. Further, during FY2009, the company has acquired a plant in Czechoslovakia, from Luvata, which would give Lloyd a foothold in Europe and add to its top-line and bottom-line. At the CMP, the stock trades at 3.4x its FY2011E EPS of Rs 15.1. The company enjoys excellent positioning in the AC market in India and, we believe, that the stock has a limited downside from its current level. In light of the changed business dynamics and consequently revised estimates, we upgrade our recommendation from neutral to buy, with a target price of Rs76", says Angel Broking.

Stock Market Trading Tips

noreply@blogger.com (FlabiaFresh) — Mon, 27 Apr 2009 06:57:00 +0000

1) We all purchase the vegetables & fruits of the season. For example, if it is the season of Tomatoes, we buy tomatoes more and not Brinjals. This way we get fresh tomatoes at a cheap price. Similarly, in Equities also, we should buy the Equities of the season. I mean equities plentily available in that season. If Banking Sector stocks are beaten down in a particular season, then we should buy banking stocks in that season. That way we get such banking stocks cheap and can cherry pick blue chips of Banking Sector at a cheap price (like fresh tomatoes for a cheap price in the season).

2) Growth is good and welcome at a young age. A child will be thrilled for growing-up. Growth is not so welcome at a middle age and old age. Middle & Old-aged people are scared of growing up and ageing. Before paying a fancy price for any stock for growth, you should consider this rustic rule. Only if the sector is in a nascent stage of growth and the child (company) is healthy, then only you should pay a high price for any growth stock.

3) Even if the tomatoes are fresh, cheap and plentily available in the season, we buy maximum a week's requirement or fortnight's appetite. If you buy more than your appetite (requirement) , they will rot away. Similarly, in the stock market also, even if the shares are available cheap, you should not buy more than your appetite (pocket), by heavily leveraging. Otherwise, you will rot away.

4) While selecting a groom, the parents not only see the boy's earnings, but also his lineage, education, honesty etc., Similarly, while selecting a company for equity investment, we have to not only see its earnings (P/E ratio) but also see its lineage (promoters), its education (corporate governance) and its honesty (fair sharing of riches with all the stakeholders) etc.,

noreply@blogger.com (FlabiaFresh) — Sat, 08 Mar 2008 08:20:00 +0000

Global markets all have corrected lately. Irrespective of which market you are investing in, you would have been affected by the recent volatility. You could be an investor in America, India, China, Korea or anywhere else in the world- your situation would be pretty much the same. Many of you who are new investors might have entered panic mode, where you are unable to relax and have lots of stress and depression. I understand how it must be for somebody who just started investing in either stocks or mutual funds two months ago to see a notional loss of 30% or more now.

I remember the first time several years ago when I witnessed a stock market correction, my portfolio was down by over 50% and I too had entered panic mode. But thankfully after reading books on investing and listening to more experienced investors, I decided not to panic and hold my quality stocks. I am a much happier person today thanks to that decision.

Here are seven simple ways to survive a stock market correction as an investor:

1. Stop Listening To Analysts

Most analysts in the media instead of providing you with a solution will just confuse you. Somebody will say everything is doomed while others will say things are great in the long term. Forget listening to analysts- most of them won’t be of any help. The reason people listen to analysts is because they are looking for peace and hope. Trust me you will get none of that by listening to somebody else. Peace and hope are all within you.

2. Stop Staring At Your Portfolio Every Thirty Minutes

Another mistake people make is that they get up every morning and wait for the markets to open. Once markets open they start staring at their stock prices. A fall makes you feel worse and small rise makes you feel a little better. This won’t help either. Instead keep track of the fundamentals of your company every time the results are out. If your company is profitable and growing - be happy. If it isn’t, find out if you need to exit. The stock price will catch up in the near future if business is growing. Do you stare at your money kept in a bank FD everyday? Most probably not. Use the same principle when you invest in stocks or mutual funds.

3. Be Patient

Many of you might not have a lot of cash to buy cheap now; however please be patient with whatever you have bought. Even the youngest billionaire on Earth today is 23 years old. It took him 23 years to be a billionaire and he didn’t do it in few days or weeks. The youngest billionaire probably in history is 23-year-old Mark Zuckerberg - the founder of the social networking site-Facebook.

4. Speak To Actual Investors With Experience

Instead of interacting with analysts or your broker, speak with people who are actual investors and who have been in the market for longer periods of time than you. They will tell you how they have survived various stock market corrections and what has made them richer. Read and learn more about people who have actually created wealth and sustained it over a long period of time.

5. Stop Following Crazy Tips

Please for heaven’s sake stop following ‘hot’ tips which promise to make you a millionaire in a matter of months. Maybe the ‘hot’ tip is only meant for billionaires who would end up as millionaires in case they do follow the tip. If it seems to good to be true, it is probably just a scam, which hopes to take money away from retail investors and put them in the hands of greedy manipulators. Similarly stop following rumours about how fundamentally strong companies are going to be shut down and go bankrupt in the next few months. Use your own head and trust yourself.

6. Understand Market Cycles

Every asset class has a cycle. Stock markets, mutual funds, real estate all move in cycles. Please realize that nothing can keep going up forever in a single direction. There will be phases when prices will come down and again move up. If you go back into history you will see several instances when stock prices came down, however over a period of time quality companies always reward investors. Understand market cycles, and don’t become a slave to them.

7. Follow The Guru

Today the richest man on earth, Warren Buffett, is an investor who has created wealth because he has stayed away from what everybody else is doing and has simply invested in quality companies for the long term. He invested in Gillette, for the simple reason that he believed that men won’t stop shaving. It makes sense to follow, as I call him, “The Guru” and think long term and remember people who create wealth do things that others don’t.

I’m sure if you follow the simple techniques above you will be a much happier and a calmer investor. Investing is about controlling your emotions and being disciplined about what you do.

JSW Energy filed papers for IPO

noreply@blogger.com (FlabiaFresh) — Wed, 06 Feb 2008 17:36:00 +0000

JSW Energy has filed its papers with SEBI for its proposed initial public offering of 6,32,25,000 shares of Rs10 each. JSW Energy plans to raise over Rs 3,500 crore from the issue, to finance construction and development of identified projects aggregating to 3,410 MW in capacity and to repay debt. It has 3,670 MW of generating capacity in the operational, construction or implementation phase as well as has power generation projects at early stages of development with a combined installed capacity of 9,600 MW.

JSW Energy is part of the Sajjan Jindal-led JSW group, which has presence in steel, power, cement, aluminium, software, and infrastructure sectors. JM Financial, Kotak Mahindra Capital and ICICI Securities are book running lead managers to the issue.

Reliance Infratel to mop up Rs 6,000 cr via IPO

noreply@blogger.com (FlabiaFresh) — Wed, 06 Feb 2008 17:13:00 +0000

Mumbai: Reliance Infratel, the tower subsidiary of Reliance Communications, is mulling to mop up Rs 6,000 crore via an Initial Public Offering (IPO). The company has filed the Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI).

The Anil Ambani group company has proposed to offload 10.05 per cent stake to the public, which puts the valuation of the company at around Rs 60,000 crore. The IPO follows that of another group company, Reliance Power, which is to be listed on February 11. According to the DRHP, Reliance Infratel has proposed to offload 8,91,64,100 equity shares of Rs 5 each at a price that will be decided through the book building process. Around 60 per cent of the issue will be allocated to Qualified Institutional Buyers (QIBs), with 5 per cent for mutual funds, and 30 per cent to be allocated on a proportionate basis to retail individual bidders.

noreply@blogger.com (FlabiaFresh) — Fri, 18 Jan 2008 19:45:00 +0000

Investors bid for as many as 72 times the number of shares that Reliance Power offered for subscription under its initial public offering (IPO). They have put in bids for over 1,654.8 crore shares as against the 22.8 crore shares on offer.

The figures are based on the latest data available but merchant banking sources associated with the offer said that the final tally and the investor composition will be known later in the night.

The issue has already pulled in roughly Rs 60,000 crore by way of application money based on the data available as of yesterday – the exact amount depends on the investor composition.

The IPO received maximum response on the last day compared to the first three days, with the subscription count racing from 24 times as late as 9 p.m. on day three to over 72 times by 6 p.m. today.

On the evidence so far, it is clear that there has been surge in investor response on the last day compared to the earlier three days.

In terms of number of applications Reliance Power IPO has set a new record. It received ever nearly 31 lakh applications by the end of day three, the highest ever, according sources in the merchant banking industry handling the IPO.

By the end of day three the retail portion of the shares on offer received 9.02 times bidding while the qualified institutional buyers’ portion was subscribed 30.68 times. The non-institutional investors’ (corporate and high net worth individuals) portion was subscribed 32.40 times, as per composite BSE and NSE data compiled till late night yesterday.

How it compares

Among mega issues the Reliance Power IPO has thus set a new benchmark in fund mobilisation. The DLF IPO, which raised Rs 9,188 crore in 2007, received subscriptions only about three times the 17.5 crore shares on offer and the retail portion of the issue barely managed to get full subscription.

Cairn India, which raised Rs 5,260 crore through the IPO in 2006 by offering 32.88 crore shares, again barely managed to get subscribed by 1.3 times under volatile market conditions.

Reliance Petroleum IPO received a similar response with the Rs 2,700-crore issue getting subscribed 52 times for the 45 crore shares on offer and received a commitment of Rs 1,45,080 crore.

Reliance Power is planning to raise Rs 11,700 crore for a number of power generation projects that it plans to execute.

Rel Power IPO has a big bang start, oversubcribed

noreply@blogger.com (FlabiaFresh) — Tue, 15 Jan 2008 05:48:00 +0000

The $3 billion Reliance Power IPO had a big-bang opening on Tuesday morning and the issue was oversubscribed 6.7 times at Rs 450 per share — the upper end of the price band — within hours of opening of its book building process.

Billed as India's largest initial public offer, the IPO is drawing huge response from investors. The Qualified Institutional Buyers or QIB portion has been subscribed 11.3 times with bids worth $17.6 billion. Most of the bids for the issue has come in at the upper band of Rs 450 per share

According to latest data available, the IPO received bids worth over Rs 40,000 crore in the first five minutes of the book-building process.

Over 228 million shares of the Anil Dhirubhai Ambani Group company are on offer in the country's largest-ever IPO with an estimated proceeds of Rs 11,700 crore.

The issue will close on January 18. The price band is between Rs 405-450 per share. The total issue size is of 260 million shares, including the promoters’ contribution of 32 million shares.

Over 30 per cent of this issue is reserved for retail investors with two payment options. Investors can pay in staggered installments or make a full payment upfront.

Retail investors have been also offered a discount of Rs 20 per share, which implies their net cost of subscription will be Rs 430 per share, if they choose to bid at Rs 450 per share.

Under the part payment option, retail investors have the option of putting in only Rs 115 per share upon application. The balance will be called upon, post the allotment of partly paid shares.

With a combined planned installed capacity of 28,200 MW, Reliance Power has one of the largest portfolios of power generation assets under development in India.

RELIANCE POWER PORTFOLIO

Reliance Power has a diversified portfolio of 13 medium and large-sized power projects, under development and strategically located at various places across India, the company had said in a statement.

With an installed capacity of 28,200 megawatts, the Reliance Power IPO will significantly contribute to reducing the demand-supply gap for the power in the country at competitive rates, it added.

The Anil Dhirubhai Ambani Group (ADAG) has announced plans to invest Rs 1,00,000 crore in the power business, while it is aggressively bidding for road projects and as well as in the transport sector. Group company Reliance Energy has bid for the Rs 50,000 crore Ganga Expressway Project in Uttar Pradesh.

It is also bidding for airports at Udaipur and Amritsar and is in the race for the ambitious Mumbai Trans Harbour Link project.

Kotak Mahindra Capital Company Limited, UBS Securities India Private Limited, ABN AMRO Securities (India) Private Limited, Deutsche Equities India Private Limited, Enam Securities Private Limited, ICICI Securities Limited, JM Financial Consultants Private Limited and JP Morgan India Private Limited are acting as the Book Running Lead Managers to the Issue whilst Macquarie India Advisory Services Private Limited and SBI Capital Markets Limited are acting as Co-Book Running Lead Managers.

Amarchand & Mangaldas & Suresh A Shroff & Co is advising the Company whilst Cleary Gottlieb Steen & Hamilton and J Sagar and Associates are advising the BRLMs and CBRLMs in relation to the Issue.

noreply@blogger.com (FlabiaFresh) — Fri, 14 Dec 2007 07:30:00 +0000

The markets have gainerd some points and were trading in green on the back of some buying witnessed in the realty, pharma, metal, consumer durables and FMCG stocks. IT, auto, capital goods and banking stocks were still under pressure.

At 12.40 pm, the Sensex is up 41.10 points or 0.20% at 20145.49, and the Nifty up 15.60 points or 0.26% at 6073.70. About 2409 shares have advanced, 635 shares declined, and 47 shares are unchanged.

Market breadth improved further and the advance decline ratio was nearly 3.5:1 on NSE. Inflation figure for the week ended Dec 1 was at 3.75% versus 3.01% during the same week previous year. Rupee was quoting at 39.36 against a US dollar.

Top gainers on the Nifty are ITC at Rs 203.35 up 3.57%, GlaxoSmithKline at Rs 1,067 up 2.67% and NALCO at Rs 451.10 up 2.38%.

Top losers on the Nifty are Sterlite Inds at Rs 1,054.50 down 1.86%, HDFC at Rs 3,112 down 1.81% and HDFC Bank at Rs 1,726.95 down 1.67%.

In the FMCG space, major gainers were P&G, Marico, ITC and Godrej Consumer Ltd. In the pharma sector, the buzzing stocks were Lupin, matrix, Cadila and Glaxosmithline.

SUN TV, Kaushlya Infra, EIH, IFCI, Lanco, Ispat Inds were some of the very active counters on the bourses today.

Mkts still choppy; pharma, FMCG, metals up

The markets were trading choppy since opening today swinging across the flat line. It has been one another good day for the midcap and smallcap counters which were outperforming the frontline stocks. Pharma, FMCG, consumer durable and metal stocks were in focus but the capital good, aut, IT and banking stocks were under pressure.

At 12.10 pm, the Sensex is up 16.50 points or 0.08% at 20120.89, and the Nifty down 2.05 points or 0.03% at 6056.05. About 2353 shares have advanced, 693 shares declined, and 45 shares are unchanged

Market breadth was in positive with nearly 900 stocks on the upper side and 200 stocks on the down side on NSE. Rupee was quoting at 39.40 against US dollar. BSE Midcap index was up over 1.3%.

Top gainers on the Sensex are ITC at Rs 203.70 up 3.45%, Cipla at Rs 208.10 up 2.13%, Ranbaxy Labs at Rs 419 up 1.91%.

Top losers on the Sensex are Mah and Mah at Rs 781.95 down 1.53%, HDFC Bank at Rs 1,732 down 1.46% Bharti Airtel at Rs 975.35 down 1.26%.

Top gainers on the Nifty are ITC at Rs 203.35 up 3.57%, GlaxoSmithKline at Rs 1,067 up 2.67% and NALCO at Rs 451.10 up 2.38%.

Top losers on the Nifty are Sterlite Inds at Rs 1,054.50 down 1.86%, HDFC at Rs 3,112 down 1.81% and HDFC Bank at Rs 1,726.95 down 1.67%.

SUN TV, Kaushlya Infra, EIH, IFCI, Lanco, Ispat Inds were some of the very active counters on the bourses today.

Mkts volatile; IT, auto, power stks under pressure

The markets turned volatile within few minutes of opening and were trading flat with modest cut. IT, auto, banking and power stocks were marginally subdued, but the FMCG, pharma, metal and durables were attracying some attention among the frontliners. Its another good day for the midcap counters which were outperforming the frontliners with significant margins.

Market breadth was in positive with nearly 900 stocks on the upper side and 200 stocks on the down side on NSE. Rupee was quoting at 39.40 against US dollar. BSE Midcap index was up over 1.3%.

At 11.05 hrs IST, the Sensex is down 23.51 points or 0.12% at 20080.88, and the Nifty down 9.40 points or 0.16% at 6048.70. About 2378 shares have advanced, 673 shares declined, and 40 shares are unchanged.

Top gainers on the Nifty are Hindalco at Rs 214 up 2.25%, ITC at Rs 200.60 up 2.16% and Cipla at Rs 208.20 up 2.16%.

Top losers on the Nifty are HDFC at Rs 3,080.05 down 2.82%, Sterlite Inds at Rs 1,047.70 down 2.49% and Sun Pharma at Rs 1,099.90 down 1.79%.

SUN TV, Kaushlya Infra, EIH, IFCI, Lanco, Ispat Inds were some of the very active counters on the bourses today.

Markets open quiet; pharma, powers stocks up

The markets opened on quiet note today in line with its Asian peers. US markets had also ended mixed yesterday. Power, pharma and FMCG stocks were in focus in the early trade.Kaushalya Infrastructure lists today on the bourses at Rs 65 versus its issue price of Rs 60. Rupee was trading at 39.40 against US dollar.

At 9:56 am, Sensex was up 51 points at 20115 and Nifty was down 3.6 points at 6054. major gainers in the early trade were ITC, Cipla, SBI, RPL, REL, M&M, Tata Power, Sun Pharma and Grasim. However, Idea Cellular and SAIL were trading lower.

Asian markets were trading lower. Hong Kong's Hang Seng slipped 0.19% or 51.82 points at 27,692.63, Taiwan's Taiwan Weighted declined 0.80% or 65.41 points at 8,122.54, Singapore's Straits Times was down 0.30% or 10.46 points at 3,468.85, South Korea's Seoul Composite plunged 0.53% or 10.08 points at 1,905.82. However, Japan's Nikkei gained 0.62% or 96.20 points at 15,632.72.

US markets: The Dow gained 44.06 points, or 0.33%, to 13,517.96. The Standard & Poor's 500 index shot up 1.82 points, or 0.12%, to 1,488.41, while the Nasdaq composite index slipped 2.65 points, or 0.10%, to 2,668.49.

noreply@blogger.com (FlabiaFresh) — Wed, 12 Dec 2007 09:04:00 +0000

The market is trading strong. Sensex and Nifty are both in the positive. Sensex is at 20312, up 21 points and Nifty is at 6123, up 25 points from the previous close. The market breadth is positive with advances at 820 against declines of 384 on the NSE.

Adlabs is a good stock to have in the portfolio with long term prospects and a stop loss of Rs 1200, says Deepak Mohoni, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1265, up 3.9% on the BSE.

Eton Park deal values Reliance AMC at Rs 10,000 crore and the deal is around 13% of AUM, reports CNBC TV18. Eton Park to invest 5% in Reliance AMC for Rs 501 crore and the deal is likely to be completed by January 08

noreply@blogger.com (FlabiaFresh) — Wed, 12 Dec 2007 08:07:00 +0000

The Asian markets are trading weak. The Indian market is trading flat, swimming against the tide of immense global weakness. Sensex is currently at 20231, down 59 points and Nifty is at 6092, down 4 points from the previous close. The BSE Smallcap index and CNX Midcap index are both trading strongly, up nearly 1.5%, BSE Realty Index and BSE Metal Index are both up by nearly 1.6% and BSE IT Index is down 2%. The market breadth is positive with advances at 834 against declines of 372 on the NSE.

noreply@blogger.com (FlabiaFresh) — Wed, 12 Dec 2007 08:01:00 +0000

The market has opened slightly lower Wednesday, but key indices holding on to the significant levels. The The Sensex is currently at 20,135, down 154 points from the previous close. Nifty is at 6016, down 80 points.

The Television Eighteen India board has approved the acquisition of at least 53% stake in Infomedia India from ICICI Venture managed fund. TV18 is currently trading at Rs 499.95, up 3.1% and Infomedia is at Rs 292, up a whopping 13%, on the BSE.

noreply@blogger.com (FlabiaFresh) — Mon, 10 Dec 2007 11:34:00 +0000

It was a quiet day at the market that closed in the negative today. Sensex closed at 19,930, down 35 points and Nifty is at 5960, down 13 points from the previous close. The BSE Smallcaps closed up 1.7% and the CNX Midcaps closed up 0.9%. The market breadth was positive with advances at 808 against declines of 406 on the NSE. The NSE gainers include GAIL, Hindustan Petroleum, Unitech, Suzlon and Infosys while losers include VSNL, HCL Technologies, BHEL, TCS and Cipla.

The entire IT sector is attractive right now and one can buy good stocks at these levels as the sector is likely to witness a bounce back. In this pace, Zensar Technologies will see good appreciation in the short and long term, says Rajan Shah of Angel Broking on CNBC TV18. Zensar Technologies is currently trading at Rs 191, up 2.7% on the BSE.

noreply@blogger.com (FlabiaFresh) — Mon, 10 Dec 2007 06:41:00 +0000

The market is trading lower now. The Sensex is at 19,918, down 47 points form the previous close. Nifty is at 5939, down 34 points. BSE Midcap and Smallcap indices are up 0.8% and 1.3% respectively. Market breadth is positive, with 781 advances against 403 declines on the NSE. Banking and realty stocks seem to be in demand.

DLF has a short to medium term target of Rs 1,250, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. In the longer term, the stock can go up to Rs 1,500-1,700, he adds. The stock is currently trading at Rs 1,016.95, up 0.6% on the BSE.

Growth in India is strong, and there is no case for the RBI to cut rates in the near term, says Rajeev Malik of JP Morgan Chase Bank, on CNBC-TV18. Fuel price hike is expected, but inflation is unlikely to rise above 5%, he adds. He sees dollar-rupee estimates at 38 by the middle of next year.

noreply@blogger.com (FlabiaFresh) — Mon, 10 Dec 2007 06:36:00 +0000

The market has opened slightly higher on Monday. The Sensex is at 20,064, up 98 points form the previous close. Nifty is at 5977, up 3 points.

If the Nifty falls to 5850 or so, one can use this as an opportunity to go long on the Nifty futures, says E Mathews, technical analyst, on CNBC-TV18.

Suzlon can go upto Rs 2,450, says Deven Shah, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1,985, up 2.6% on the BSE.

Telecom stocks are in the last leg of the rally and therefore, use it to book profits, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The growth in this sector will flatten out soon, he adds. But if you still want to be invested in this sector, then Reliance Communications looks good

noreply@blogger.com (FlabiaFresh) — Sat, 08 Dec 2007 18:39:00 +0000

The Asian markets opened strong but closed weak. The European markets were trading in the positive. But it was a very volatile day on the Indian market with big intra-day swings. Sensex closed at 19966, up 170 points and Nifty at 5974, up 19 points from the previous close. The BSE Midcaps and BSE Smallcaps Index both closed in the negative. The BSE IT Index was up 3.5% and BSE Technology Index and BSE Bankex Index were both up 2%. The market breadth was negative with advances at 543 against declines of 672 on the NSE. The NSE gainers included Infosys, HDFC, ICICI Bank, TCS and HCL Technologies while losers included Hindustan Petroleum, Hindalco, ITC, SAIL and BHEL.

It is natural for the market to see volatility with Nifty trying to cross 6000 and Sensex 20000, says Vineet Birla of Pranav Securities, on NDTV Profit. Next week, the market could see a breakout after the US Federal rate cut and the Sensex could touch 21000 and Nifty 6200.

noreply@blogger.com (FlabiaFresh) — Fri, 07 Dec 2007 08:23:00 +0000

The market turns volatile. Sensex slipped into the negative and is back in the positive, trading at 19803, up 7 points and Nifty at 5923, down 31 points from the previous close. The market breadth has turned negative with advances at 452 against declines of 755 on the NSE.

GMR Infra to invest Rs 30,000-Rs 40,000 crore by 2010, says A Subba Rao, CFO of the company, on CNBC TV18. GMR Infra to raise Rs 4000 crore via FCBs, money market instruments for Delhi Airport Project, he adds. GMR Energy has 2800 MW plant under development, he says. The stock is currently trading at Rs 246, down 4.4% on the BSE.

Sharekhan has a target price of Rs 4800 for Madras Cement, reports CNBC TV18. The stock is currently trading at Rs 4653, up 4.3% on the BSE.

noreply@blogger.com (FlabiaFresh) — Fri, 07 Dec 2007 07:19:00 +0000

The market has given up most of its earlier gains. The Sensex is currently trading at 19,893, up 97 points from the previous close. Nifty is at 5965, up 10 points. Banking stocks are in demand, with the BSE Bankex up almost 1%. Other sectoral indices are witnessing slight selling pressure.

DCB looks strong on the charts, says Anu Jain, technical advisor, on CNBC Awaaz. Once it crosses its earlier high of Rs 160, it can go up to Rs 187, she says. So if you hold the stock, then stay invested.

Syndicate Bank looks good on the charts and has a target price of Rs 145, says Anu Jain, technical advisor, on CNBC Awaaz. In fact, it can be accumulated at Rs 104, she adds. The stock certainly has more headroom and should be added on dips, she says. the stock is currently trading at Rs 116.50 on the BSE.

noreply@blogger.com (FlabiaFresh) — Fri, 07 Dec 2007 05:40:00 +0000

The key level to watch on the Sensex is 20,000, says Laurence Balanco of CLSA Technicals, on CNBC-TV18. The Sensex needs to hold above 20,000 to see any follow-up buying, he explains. In case of a breakout, another 1,500-point gain is seen for the Sensex. And in case of Nifty, in case of a breakout, it can go up to 6600.

Nicholas Piramal looks strong on the charts for a target price of Rs 450, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 327.95, up 1.4% on the BSE.

noreply@blogger.com (FlabiaFresh) — Fri, 07 Dec 2007 05:06:00 +0000

The market has opened higher on Friday. Within minutes of opening, the Nifty moved above 6000 and touched an all-time high of 6042. The 50-share index is currently at 6006, up 52 points form the previous close. The Sensex is at 19,999, up 203 points.

If UTV can close above Rs 820 for two more trading sessions, then its immediate target would be Rs 950-980, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock soared 8.7% to close at Rs 872.60 on the BSE yesterday.

The market is likely to remain volatile and therefore some caution is advised in largecaps, says Pashupati Advani of Advani OTC Dealers, on CNBC-TV18. You can buy REL and Sterlite Industries at current levels

noreply@blogger.com (FlabiaFresh) — Thu, 06 Dec 2007 10:47:00 +0000

The market ends on a flat note. Sensex closed at 19,817 up 79 points (provisional) and Nifty at 5960 up 20 points (provisional) from the previous close. The BSE Midcap closed in the negative and BSE Smallcaps in the positive. The market breadth was just about positive with advances at 683 against declines of 538 on the NSE.

In the midcaps the steel stocks Ispat and Visa Steel seem overbooked, says E Mathew, technical analyst, on CNBC TV18. Visa Steel could even go down to Rs 42-44, don't exit the stock but book partial profits, he adds. The stock is currently trading at Rs 55, down 0.5% on the BSE.

Today's closing unlikely to change the direction of the market that is positive, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The market is expected to scale up and the laggards are catching up, he adds. Sound fertiliser and media stocks can be accumulated on dips

noreply@blogger.com (FlabiaFresh) — Thu, 06 Dec 2007 05:51:00 +0000

The Sensex is currently trading at 19,943, up 205 points from the previous close. Nifty is at 6000, up 60 points. BSE Midcap and Smallcap indices are up 1.1% and 1.7% respectively. All BSE sectoral indices are trading higher, except the BSE Consumer Durables index. Banking, realty and metal stocks seem to be in demand.

Ispat Industries has a near term target of Rs 85-88, says Shrikanth Chauhan, technical analyst with Kotak Securities, on NDTV Profit. The stock is currently trading at Rs 73.30, up over 7% on the BSE.

FDC can go up to Rs 43-44, where it may face a strong resistance, says Rahul Mohindar, technical analyst, on CNBC Awaaz. So do not invest in this stock with a long term view, he suggests. It is currently trading at Rs 40.75, up 9.3% on the BSE.

noreply@blogger.com (FlabiaFresh) — Thu, 06 Dec 2007 05:45:00 +0000

Asia opened in positive and the Indian market opened very strong. Nifty immediately crossed 6000 and Sensex 20000. The Sensex is trading at 20007, up 269 points and Nifty at 6015, up 75 points from the previous close. A handsome start to the midcap space. The market breadth is strong with 894 advances against 80 declines on the NSE.

Even at these levels, you can look at Siemens, CESC, BHEL, Network 18 and even Info Edge, says Shrikanth Chauhan, technical analyst with Kotak Securities, on NDTV Profit. The brokerage is also bullish on real estate stocks like Omaxe and Indiabulls Real Estate