Finance News: India Business News

Showing posts with label stock. Show all posts
Showing posts with label stock. Show all posts

Wednesday, September 26, 2007

[26/09/2007] CALLS...

BEST BUY

CHAMBAL FERTILIZERS (BUY) 56.5 (Target1) 58 ( Target 2) 59.25 (Sl) 53

BALRAMPUR CHINI (BUY) 80 (Target1) 82.4 ( Target 2) 84.2 (Sl) 76

CINEMAX (BUY) 140 (Target1) 143 ( Target 2) 145.6 (Sl) 136

Thursday, September 13, 2007

calls for 13th

BUY

Selan sl 136.7--172.80--146.50

Unitech sl 259 tr 267--271.50

SRF sl 145.50 tr 151.50--154.35

RCF sl 54.20 tr 56--57.10

Triveni sl 86.40 tr 88.40--91.95

PTC sl 85.90--tr 89.20--91.40

HOCL sl 58.25--62--63.50

HTMTGlobal sl 412 tr 428--435

HindujaTMT sl 463 tr 585--500

ADSL sl 347 tr 360.8--371

BATA sl 174.80 tr 181.95--185.90

GNFC sl 142.25 tr 147.20--150


keep close watch on.. Advanta, Indiainfoline, Everon, Hindoilexp, ICRA, Naukri, REL, RELCAP, JPASSO

SELL ( HIGHLY RISKY)

HDIL sell near 580 sl 587 tr 572--566

Hanung sell near 167 sl 171 tr 164--161

IFB Agro sl 118 tr 114-111

Wednesday, September 12, 2007

[12/09/2007] Calls....

BEST BUY

SUN PHARMA (BUY) 1015 (Target1) 1024 ( Target 2) 1039 (Sl) 999

NAGARJUNA FERT (BUY) 43.9 (Target1) 44.7 ( Target 2) 45.6 (Sl) 42.9

INDIA CEMENTS (BUY) 270 (Target1) 274 ( Target 2) 277.4 (Sl) 266.8

Tuesday, September 11, 2007

Bulls stage a comeback

The BSE 30-share benchmark Sensex gained 6 points to close at 15596. NSE Nifty ended flat at 4507.

After opening in deep red, markets bounced back. Bulls staged a smart comeback as Sensex recovered nearly 250 points and Nifty ended above the 4500mark recovering over 50 points from days low. Buying interest in Index heavyweights like Reliance Industries, ITC and SBI provided support to the key indices. Also positive opening from the European markets and recovery in the Hang Seng index in Asia lifted the sentiments.



All the key sectoral indices ended in green except for the IT sectors as strengthening rupee dragged the IT stocks lower. Even the Mid-Cap and the Smallcap stocks participated in the recovery.



Finally, BSE 30-share benchmark Sensex gained 6 points to close at 15596 hitting an intra-day high of 15626 and a low of 15363. NSE Nifty ended flat at 4507 touching an intra-day high of 4515 and low of 4452.



Bharti Airtel gained by 0.6% to Rs853 after the company secured license from Singapore to offer Global Connectivity. The scrip touched an intra-day high of Rs857 and a low of Rs835 and recorded volumes of over 6,00,000 shares on NSE.



Reliance Communication marginally slipped 0.3% to Rs543. The company announced that they have started blackberry Service in India. The scrip touched an intra-day high of Rs545 and a low of Rs534 and recorded volumes of over 26,00,000 shares on NSE.



Satyam Computer slipped by 1.5% to Rs442. The company announced that they would expand market in Europe and Asia Pacific. The scrip touched an intra-day high of Rs452 and a low of Rs438 and recorded volumes of over 25,00,000 shares on NSE.



Gammon India plunged over 8% to Rs420 after reports stated that a bridge collapsed in Hyderabad. Gammon India was the contractor of the bridge that crumbled. The scrip touched an intra-day high of Rs449 and a low of Rs402 and recorded volumes of over 20,00, 000 shares on NSE.



FMCG stocks ended higher led by gains in the index heavyweight, ITC advanced nearly by 4% to Rs184, Tata Tea was up by 2% to Rs775, McDowell gained 2.5% to Rs1581 and Nirma added 0.3% to Rs165.



Banking stocks also managed to stage a come back led by gains in the index heavyweights like SBI, the scrip was up by 1.3% to Rs1640, PNB gained by 0.8% to Rs493 and Union Bank added 1.1% to Rs147. However, ICICI Bank slipped by 1% to Rs910.



IT stocks were on the receiving end as Indian rupee yet again strengthened against the USD Satyam Computer slipped by 1.6% to Rs442, Wipro was down by 2.7% to Rs465, TCS slipped by 2.7% to Rs1047 and Infosys lost 2% to Rs1871.

Monday, September 10, 2007

Intraday calls for 10 Sep

BEST BUY
Markets to open low on back of weak Global Cues , we expect recovery in the later part of the day ,
Buy NIIT Tech ,
Patni Computers ,
SAIL ,
IDBI during the panic selling for intraday gains

Friday, September 7, 2007

[07/09/2007] Calls...

SUGAR STOCKS TO BE IN LIMELIGHT BUY FOR 3-5 % GAINS IN SHORT TERM

BEST BUY


PATNI COMP (BUY) 483 (Target1) 488 ( Target 2) 493 (Sl) 471 [BOTH TARGET ACHIEVED]

CUMMINS (BUY) 400 (Target1) 403.8 ( Target 2) 408 (Sl) 391 [ TARGET 1 ACHIEVED]

GITANJALI (BUY) 300 (Target1) 304 ( Target 2) 307 (Sl) 293 [ TARGET 1 ACHIEVED]

[07/09/2007] Calls...

SUGAR STOCKS TO BE IN LIMELIGHT BUY FOR 3-5 % GAINS IN SHORT TERM

BEST BUY


PATNI COMP (BUY) 483 (Target1) 488 ( Target 2) 493 (Sl) 471

CUMMINS (BUY) 400 (Target1) 403.8 ( Target 2) 408 (Sl) 391

GITANJALI (BUY) 300 (Target1) 304 ( Target 2) 307 (Sl) 293

CLOSING...The momentum revives...

After
two days of lackluster trade, markets ended firm today with the
benchmark indices advancing by more than 1%. While buying was witnessed
in auto, banking, power, cement and software stocks, select pharma and
media stocks ended in the red. On the sectoral indices front, BSE FMCG
(up 1.5%) and the BSE Auto Index (up 1.2%) emerged as the key gainers.
As far as global markets are concerned, Asian markets ended mixed.
European indices too have opened on a cautious note.

The
BSE Sensex closed at 15,616 (up 170 points) while the NSE Nifty closed
at 4,519 (up 43 points). The rupee was trading at 40.92 to the dollar.

Amidst
weak global cues, the BSE Sensex opened with a negative gap of more
than 60 points (0.4%). However, the index soon pared its losses to
enter into the positive territory. Thereafter, the index proceeded to
trade higher for the rest of the trading session and finally closed
with a gain of 1.1%. The overall market breadth was positive with
gainers outnumbering the losers in the ratio of 4.6 to 1 on the Nifty.
Reliance Energy (up 5%), Grasim and Ranbaxy (each up 4%) were the key
gainers on the NSE.

Reliance
Energy is planning to hive off its engineering, procurement and
construction (EPC) division into a new company. REL is considering the
option to list the new company to raise funds for its projects. The EPC
division has an order backlog of Rs. 70 bn. The EPC division's revenue
was Rs 20.8 bn in FY07, almost a third of company's total revenue of Rs
65.8 bn. The EPC division has contributed about 8% of the net profit of
Rs. 8 bn of Reliance Energy. Reliance Energy (up 5%) along with its peer Tata Power (up 3%) closed firm today.

Pharma closed mixed today with Ranbaxy, Dabur Pharma (each up 3%) and Cipla (up 1%) leading the pack of gainers, while Matrix Labs (down 4%) and Divi's Lab (down
1%) closed in the red. As per a leading business daily, Ranbaxy has
completed the second phase of the clinical trials of a revolutionary
anti-malarial drug that could enable it to be the nation's first
pharmaceutical company to launch a New Chemical Entity (NCE) globally.
The company has just finished phase II clinical trials and is doing a
phase II for the combination of that product. If everything continues
to be successful, Ranbaxy will be able to launch the NCE in the market
by 2011. While two to three dozen new molecules are being developed for
cardiovascular, arthritis, diabetes and oncology, there have been just
two products launched in the last 30 years for malaria. Though the
market size is considered small the competition is not likely to be
intense.

As per a leading business daily, Mahindra and Mahindra
(M&M) is planning to acquire a design firm in Italy to upgrade its
skills. The company has been looking for overseas buys to expand its
business. It has also been reported to be eyeing Ford Motor's brands
Jaguar and Land Rover. Though details regarding the deal have not yet
been divulged, the move is part of company's global strategy to source
the best product. Further, its manufacturing unit in Chennai which is a
joint venture with French carmaker Renault and Japan's Nissan, would be
operational in two years. The companies had formed a JV to make cars
with an investment of Rs 40 bn. The plant would have a capacity of 0.4
m cars and utility vehicles and would make models of all three
partners, besides power train for Renault and Nissan. These ventures
would help the company develop new models and increase its presence.
M&M along with its peers Tata Motors and Ashok Leyland closed firm today (each up 2%).



Powered by ScribeFire.

FIIs net buyers of Rs 311cr in cash market

Foreign institutional investors (FIIs) were net buyers of Rs 311.37
crore (provisional) today, according to data released by BSE.

While FIIs made gross purchases of Rs 2,275.51 crore, gross sales totalled Rs 1,964.14 crore.

Domestic
institutional investors (DIIs) were net sellers of Rs 8.26 crore
(provisional) today. While DIIs made gross purchases of Rs 841.01
crore, gross sales totalled Rs 849.27 crore.

FIIs were net
buyers of Rs 410.40 crore on Wednesday, September 5, according to data
released by Sebi today. While FIIs made gross purchases of Rs 2,703
crore, gross sales totalled Rs 2,292.70 crore.

Mutual funds
(MFs) were net buyers of Rs 67.40 crore on Wednesday. MFs made
purchases of Rs 548.80 crore and sales of Rs 481.40 crore.

Powered by ScribeFire.

Thursday, September 6, 2007

[06/09/2007] Calls...

BEST SELL


RELIANCE ENERGY (SELL) 818 (Target1) 812 ( Target 2) 808 (Sl) 833

RCOM (SELL) 535 (Target1) 529 ( Target 2) 525 (Sl) 546

JSW STEEL (SELL) 675 (Target1) 669 ( Target 2) 666 (Sl) 690


Powered by ScribeFire.

Tuesday, September 4, 2007

[04/09/2007] Calls...

BEST BUY

SAIL (BUY) 165.5 (Target1) 169 ( Target 2) 171 (Sl) 162

PARSVNATH (BUY) 310 (Target1) 314 ( Target 2) 318 (Sl) 304 [ACHIEVED]

JUPITER BIO (BUY) 188 (Target1) 191 ( Target 2) 195 (Sl) 184 [ACHIEVED]


Market Forecast for 04.09.07

The market opened positive but remained volatile throughout the day. The market seems to be tired and a further upmove can be seen in the coming days to come. I advise all traders to kindly book profits in every rise. However, positional buyers can stay long above 4385.


Today, market may open flat or positive with gap up attached with high volatility and remain long only above 4475 with SL 4460 for a tgt of 4495-4515. If it remains below 4475 keep short with SL 4490 for tgt 4450-4435. dont short blindly. Play with the mood of the market and mint money, Happy investing

Monday, September 3, 2007

[03/09/07] Calls...

BEST BUY

GMR INFRA (BUY) 810 (Target1) 818 ( Target 2) 825 (Sl) 796

PARSVNATH (BUY) 303.5 (Target1) 309 ( Target 2) 313 (Sl) 296

HFCL (BUY) 20.6 (Target1) 21.25 ( Target 2) 21.80 (Sl) 19


Powered by ScribeFire.

Friday, August 31, 2007

Intraday calls for 31 Aug

BEST BUY

BANK OF INDIA (BUY) 238.45 (Target1) 241 ( Target 2) 244 (Sl) 232

MOSER BAER (BUY) 306 (Target1) 309 ( Target 2) 313 (Sl) 299

INDIABULS REAL EST (BUY) 472 (Target1) 477 ( Target 2) 482 (Sl) 459

Thursday, August 30, 2007

[30/08/2007] Calls...

BEST BUY

GMR INFRA (BUY) 829 (Target1) 836 ( Target 2) 845 (Sl) 809

JUPIER BIO (BUY) 179 (Target1) 183 ( Target 2) 185 (Sl) 172

CINEMAX IND (BUY) 137 (Target1) 140 ( Target 2) 144 (Sl) 131

Ashok Leyland, Nissan form partnership

Ashok Leyland Ltd and Nissan Motor Co have formed a partnership to make light commercial vehicles, the two companies said on Wednesday.

The companies would form three ventures for vehicle manufacture, powertrain manufacture and technology development, they said in a joint statement.

The vehicle manufacturing venture will be majority-owned by Ashok Leyland and have an annual production capacity of more than 1,00,000 units in India, it said

Wednesday, August 29, 2007

Sensex ends up 74pts, Tata Steel zooms 9%

Taking cues from the overseas markets, the Sensex opened with a huge negative gap of 268 points at 14,651 and dropped to a low of 14,592. However, fresh buying (mainly in Tata Steel) at lower levels saw the index recoup losses in early trades.

Buying spread to other counters as the day progressed, and the index rebounded by mid-noon trades. The index touched a high of 15,030 - up 438 points from the day's low. The Sensex finally ended with a gain of 74 points at 14,993.

The BSE Metal index surged over 4% to 11,204. The Oil & Gas index was up over 1% at 7937.

The market breadth was positive - out of 2,693 stocks traded, 1,533 advanced, 1,093 declined and 67 were unchanged today.

INDEX MOVERS...

Tata Steel soared 9% to Rs 660. ONGC surged 3% to Rs 834, and BHEL added 2.5% to Rs 1,851.

Hindalco and Reliance Energy rallied 2% each to Rs 157 and Rs 782, respectively. Tata Motors advanced 1.8% to Rs 675.

SBI and ACC gained 1.7% each at Rs 1,575 and Rs 1,044, respectively.

Larsen & Toubro, Ranbaxy and Grasim moved up around 1.5% each to Rs 2,588, Rs 372 and Rs 2,910, respectively. Bajaj Auto was up 1% at Rs 2,319.

Metal stocks witnessed huge buying today. SAIL surged 5% to Rs 161. Jindal Saw Pipes, Jindal Stainless, Jindal Steel, JSW Steel, National Aluminium, Sesa Goa, Sterlite and Shree Precoated were up 2-3% each.

...AND THE SHAKERS

Infosys shed 2.5% to Rs 1,834. NTPC dropped 1.3% to Rs 165.

HDFC and Satyam slipped around 1% each to Rs 1,957 and Rs 445, respectively.

MOST ACTIVE COUNTERS

Tata Steel topped the value chart with a turnover of Rs 212 crore followed by Reliance (Rs 175.70 crore), Everonn Systems (Rs 168 crore), ICICI Bank (Rs 134 crore) and Axis Bank (Rs 131.50 crore).

Ispat Industries led the volume chart with trades of around 3.64 crore shares followed by Tata Steel (3.25 crore), Nagarjuna Fertilisers (1.48 crore), UCO Bank (87.75 lakh) and IFCI (85.50 lakh).

[29/08/2007] Calls...

BEST SELL

INDIABULLS REAL EST (SELL) 473 (Target1) 468 ( Target 2) 464 (Sl) 488

RCOM (SELL) 513 (Target1) 508 ( Target 2) 501 (Sl) 526

JSW STEEL (SELL) 604 (Target1) 599 ( Target 2) 592 (Sl) 614

Tuesday, August 28, 2007

[28/08/2007] Calls...

BEST BUY

MOSER BAER (BUY) 285 (Target1) 289 ( Target 2) 293 (Sl) 276

CUMMINS (BUY) 366 (Target1) 370 ( Target 2) 375 (Sl) 357

REDINGTON (BUY) 263.5 (Target1) 268 ( Target 2) 271 (Sl) 258

Monday, August 27, 2007

[27/08/2007] Calls...

BEST BUY

PRAJ IND (BUY) 177 (Target1) 179.9 ( Target 2) 183 (Sl) 173

IDEA CELL (BUY) 114 (Target1) 117 ( Target 2) 119 (Sl) 109

BANK OF INDIA (BUY) 224 (Target1) 227 ( Target 2) 231 (Sl) 219.8

Secured Loans

Search & Compare 100s of Secured Loans!

www.accepted.co.uk

Matched.co.uk
 
Copyright © 2006-2007 http://sharemarketreviews.blogspot.com. All rights reserved.