Markets give up day's gain: Metal, realty up
The market gyrated 300 points and ended with a sharp dip of over 1% on hefty selling in banking and technology stocks.
Panic selling in noon trades triggered a major correction after the market had witnessed gains of more than 150 points in the first half. Continuing with the
buoyancy, the Sensex resumed with a positive gap of 53 points at 16,270. Consumer durable stocks buying fuelled a major rally in early trades and the index zoomed above the 16,300 mark to touch a new intra-day high of 16,309. While the market stood firm thereafter, a sudden spurt in selling activities, particularly in banking, oil & gas, technology and health care sectors dragged the index just above 16,000 level to the day's low of 16,010. The Sensex finally wrapped the session with losses of 0.81% or 131 points at 16,087, while the Nifty dropped 1% or 49 points to close at 4,829.
Although the market fell sharply, the breadth of the market was positive. Of the 2,761 stocks traded on the Bombay Stock Exchange (BSE), 1,733 stocks advanced, 978 stocks declined and 50 stocks ended unchanged. Of the 13 sectoral indices trading on the BSE, seven indices ended in the red and six moved in green. The BSE CD index was the major performer on the upside and gained 1.55% at 3,830, while the BSE Metal index was up around 1% at 13,745.
Dragging the Sensex, HUL lost 4.31% at Rs234.40, ICICI Bank dropped 4.17% at Rs843, Bharti Airtel fell 3.75% at Rs803.10, DLF declined 3.07% at Rs657.80 and Jaiprakash Associates tumbled 3.02% at Rs226.05. BHEL, Reliance Coomunications, Cipla, Ambuja Cement, SBI, NTPC, Wipro and ONGC were down by nearly 1-2% each. However, Tisco advanced 3.79% at Rs657.85, HDFC scaled up 2.73% at Rs2,660, ITC added 2.09% at Rs195.10, HDFC Bank gained 1.64% at Rs1,441, Satyam jumped 0.47% at Rs413 and TCS was up nearly 0.38% at Rs879.30.
Bankex stocks declined sharply. ICICI Bank crashed by 4.17% at Rs843, UBI dropped 2.80% at Rs149.45, Bank of Baroda lost 2.19% at Rs292.75 and Canara Bank shed 1.64% at Rs225.20. SBI, Federal Bank and Oriental Bank of India slipped marginally.
Over 1.87crore Ispat Industries shares changed hands on the BSE followed by RNRL (1.58 crore shares), RPL (80 lakh shares), IFCI (75 lakh shares) and Essar Oil (72 lakh shares).
Thursday, March 27, 2008
Wednesday, March 26, 2008
Post Market report 25.03.2008
The 30-share BSE Sensex rose 928.09 points or 6.07% to 16,217.49,
its second biggest single-day rally in points as well as percentage
terms. The index gained 972.98 points at session's high of
16,262.38, hit at the fag end of the trade.
The broader CNX S&P Nifty jumped 267.65 points or 5.81% at 4877.50.
Nifty March 2008 futures were at 4901.50, at a premium of 24 points
as compared to spot closing of 4877.50.
The Sensex has gained 9.50% or 1408 points since its recent low of
14809.49 on 17 March 2008. The strong rebound on the domestic
bourses is commendable coming in the backdrop of a recent steep
fall.
Concerns of marked-to-market losses for firms on their foreign
exchange derivatives exposure, meltdown in global markets,
lower-than-expected industrial production data for January 2008 and
a surge in inflation created havoc on the bourses recently. Hike in
short-term capital gains tax and alteration of tax treatment of the
Securities Transaction Tax (STT) in Union Budget 2008-09 announced
on 29 February 2008 had dented the sentiment earlier.
Intense buying in frontline stocks saw the Sensex breach 16,000
mark today. Buoyancy was visible across the global markets. The
rally was triggered by JP Morgan raising Bear Stearns acquisition
price by 5 times and US economic data that showed US new home sales
had risen 3% in February 2008.
In the domestic front, all the sectoral indices on BSE ended
higher. Banking, IT and realty stocks posted impressive gains.
Mid-cap and small-cap stocks surged. The market breadth was strong.
Coming back to today's trade, the BSE Mid-Cap index outperformed
the Sensex, rising 6.36% to 6,174.49. The BSE Small-Cap index
underperformed the Sensex, rising 4.81% to 7,284.64.
The market breadth was strong. On BSE, 2075 stocks advanced, 640
declined and 47 stocks were unchanged.
The BSE clocked a turnover of Rs 6836 crore as against Rs 4,682.75
on Monday, 24 March 2008.
The NSE's futures & options (F&O) segment turnover was Rs 66,627.57
crore, which was higher than Rs 42610.26 crore on Monday, 24 March
2008.
India's largest private sector firm by market capitalization and
oil refiner Reliance Industries (RIL) rose 5.16% to Rs 2314.40. The
firm is reportedly evaluating a plan to set up its third refinery
at Jamnagar in an ambitious project to reach a total capacity of
100 million metric tonne per annum (mmtpa), the largest at a single
location in the world.
India's largest engineering and construction firm by revenue Larsen
& Toubro rose 3.94% to Rs 3053.
Top Sensex gainers were, Jaiprakash Associates (up 16.38% at Rs
233.10), DLF (up 13.47% at Rs 678.65), Reliance Energy (up 12.97%
at Rs 1300.15), Infosys Technologies (up 9.64% at Rs 1492.55) and
Housing Development Finance Corporation (up 8.63% at Rs 2589.75).
The BSE Bankex rose 8.10% to 8,371.34. It outperformed the Sensex.
Yes Bank (up 20.53% to Rs 172.05), Kotak Mahindra Bank (up 13.36%
to Rs 627.80), Oriental Bank of Commerce (up 11.84% to Rs 181.90),
Axis Bank (up 10.275 to Rs 792.15) and State Bank of India (up
5.75% to Rs 1,740.20), surged.
India's largest private sector bank by assets ICICI Bank soared
9.37% to Rs 879.95. The bank has reportedly entered into a Rs
1,150-crore equity-cum-debt deal with Jaypee Infratech, a unit of
Jaiprakash Associates. The bank has decided to pick up 1% stake in
Jaypee Infratech for Rs 250 crore, reports added.
The BSE IT index rose 7.73% to 3,686.35. It outperformed the
Sensex. Aptech (up 22.72% to Rs 207.15), Wipro (up 9.02% to Rs
434.70), TCS (up 6.38% to Rs 875.95), Satyam Computer (up 5.10% to
Rs 411.05) and HCL Technologies (up 4.34% to Rs 285.95), advanced.
The BSE Realty index rose 9.48% to 7,451.24. It outperformed the
Sensex. Housing Development & Infrastructure (up 13.89% to Rs
581.50), Anant Raj Industries (up 13.33% to Rs 230), Mahindra
Lifespace Developers (up 9.67% to Rs 390.15), Puravankara Projects
(up 9.59% to Rs 187.90) and Indiabulls Real Estate (up 2.91% to Rs
435.30), gained.
Among the side counters, Edelweiss Capital (up 24.24% to Rs
726.45), Indiabulls Financial Services (up 20% to Rs 415.05),
Greaves Cotton (up 20% to Rs 216), Orbit Corporation (up 20% to Rs
386.15), Gujarat Mineral Development Corporation (up 19.93% to Rs
286.45) and Reliance Capital (up 17.68% to Rs 1,328.75), surged.
Reliance Natural Resources clocked the highest volume of 2.14 crore
shares on BSE. ispat Industries (1.62 crore shares), Essar Oil
(1.14 crore shares), Reliance Petroleum (96.33 lakh shares) and
IFCI (92.34 lakh shares), these were the other volume toppers on
BSE in the order.
Axis Bank registered highest turnover of Rs 603.16 crore on BSE.
GSS America (Rs 379.56 crore), Reliance Capital (Rs 303.90 crore),
Housing Development Finance Corporation (Rs 246.36 crore) and Essar
Oil (Rs 232.46 crore), were the other turnover toppers on BSE in
that order.
Chemicals maker GHCL surged 16.28% to Rs 86.80 after the company
said it plans to spin off its home textiles and retail businesses
into separate units as part of a restructuring plan.
Software firm Prithvi Information Solutions surged 9.69% to Rs
154.50 after the software services firm said its board will
consider a share buyback proposal on 31 March 2008.
Steel pipes maker Welspun Gujarat Stahl Rohren jumped 12.93% to Rs
332.35 after the company said it has bagged pipeline orders worth
Rs 1,075 crore for the supply of spiral pipes to Northern Africa.
Apparels maker Gokaldas Exports advanced 8.73% to Rs 185 on reports
the company has secured an order to supply 2.50 lakh units of
sportswear like jumpers, track-suits & vests for the thousands of
athletes participating in Beijing Olympics.
Apparels firm Arvind Mills jumped 5.44% to Rs 36.85 after the
company said Arvind Brands a division of the company has signed an
agreement with Philips-Van Heusen Corporation for designing,
distribution & retailing of IZOD brand in India.
Future Capital Holdings, the financial services arm of the Future
Group, jumped 7.74% to Rs 589.20 after the company said its board
has approved to invest upto Rs 47.75 crore in its subsidiary Future
Finmart.
Cement maker Prism Cement soared 9.77% to Rs 42.15 after 14 lakh
shares, or 0.47% of the company's equity, changed hands in a block
deal on NSE at Rs 39.55 each.
Power equipment maker Jyoti Structures spurted 4.07% to Rs 162.30
after its secured an order worth Rs 160 crore for construction of
transmission line and sub-stations in Uganda.
its second biggest single-day rally in points as well as percentage
terms. The index gained 972.98 points at session's high of
16,262.38, hit at the fag end of the trade.
The broader CNX S&P Nifty jumped 267.65 points or 5.81% at 4877.50.
Nifty March 2008 futures were at 4901.50, at a premium of 24 points
as compared to spot closing of 4877.50.
The Sensex has gained 9.50% or 1408 points since its recent low of
14809.49 on 17 March 2008. The strong rebound on the domestic
bourses is commendable coming in the backdrop of a recent steep
fall.
Concerns of marked-to-market losses for firms on their foreign
exchange derivatives exposure, meltdown in global markets,
lower-than-expected industrial production data for January 2008 and
a surge in inflation created havoc on the bourses recently. Hike in
short-term capital gains tax and alteration of tax treatment of the
Securities Transaction Tax (STT) in Union Budget 2008-09 announced
on 29 February 2008 had dented the sentiment earlier.
Intense buying in frontline stocks saw the Sensex breach 16,000
mark today. Buoyancy was visible across the global markets. The
rally was triggered by JP Morgan raising Bear Stearns acquisition
price by 5 times and US economic data that showed US new home sales
had risen 3% in February 2008.
In the domestic front, all the sectoral indices on BSE ended
higher. Banking, IT and realty stocks posted impressive gains.
Mid-cap and small-cap stocks surged. The market breadth was strong.
Coming back to today's trade, the BSE Mid-Cap index outperformed
the Sensex, rising 6.36% to 6,174.49. The BSE Small-Cap index
underperformed the Sensex, rising 4.81% to 7,284.64.
The market breadth was strong. On BSE, 2075 stocks advanced, 640
declined and 47 stocks were unchanged.
The BSE clocked a turnover of Rs 6836 crore as against Rs 4,682.75
on Monday, 24 March 2008.
The NSE's futures & options (F&O) segment turnover was Rs 66,627.57
crore, which was higher than Rs 42610.26 crore on Monday, 24 March
2008.
India's largest private sector firm by market capitalization and
oil refiner Reliance Industries (RIL) rose 5.16% to Rs 2314.40. The
firm is reportedly evaluating a plan to set up its third refinery
at Jamnagar in an ambitious project to reach a total capacity of
100 million metric tonne per annum (mmtpa), the largest at a single
location in the world.
India's largest engineering and construction firm by revenue Larsen
& Toubro rose 3.94% to Rs 3053.
Top Sensex gainers were, Jaiprakash Associates (up 16.38% at Rs
233.10), DLF (up 13.47% at Rs 678.65), Reliance Energy (up 12.97%
at Rs 1300.15), Infosys Technologies (up 9.64% at Rs 1492.55) and
Housing Development Finance Corporation (up 8.63% at Rs 2589.75).
The BSE Bankex rose 8.10% to 8,371.34. It outperformed the Sensex.
Yes Bank (up 20.53% to Rs 172.05), Kotak Mahindra Bank (up 13.36%
to Rs 627.80), Oriental Bank of Commerce (up 11.84% to Rs 181.90),
Axis Bank (up 10.275 to Rs 792.15) and State Bank of India (up
5.75% to Rs 1,740.20), surged.
India's largest private sector bank by assets ICICI Bank soared
9.37% to Rs 879.95. The bank has reportedly entered into a Rs
1,150-crore equity-cum-debt deal with Jaypee Infratech, a unit of
Jaiprakash Associates. The bank has decided to pick up 1% stake in
Jaypee Infratech for Rs 250 crore, reports added.
The BSE IT index rose 7.73% to 3,686.35. It outperformed the
Sensex. Aptech (up 22.72% to Rs 207.15), Wipro (up 9.02% to Rs
434.70), TCS (up 6.38% to Rs 875.95), Satyam Computer (up 5.10% to
Rs 411.05) and HCL Technologies (up 4.34% to Rs 285.95), advanced.
The BSE Realty index rose 9.48% to 7,451.24. It outperformed the
Sensex. Housing Development & Infrastructure (up 13.89% to Rs
581.50), Anant Raj Industries (up 13.33% to Rs 230), Mahindra
Lifespace Developers (up 9.67% to Rs 390.15), Puravankara Projects
(up 9.59% to Rs 187.90) and Indiabulls Real Estate (up 2.91% to Rs
435.30), gained.
Among the side counters, Edelweiss Capital (up 24.24% to Rs
726.45), Indiabulls Financial Services (up 20% to Rs 415.05),
Greaves Cotton (up 20% to Rs 216), Orbit Corporation (up 20% to Rs
386.15), Gujarat Mineral Development Corporation (up 19.93% to Rs
286.45) and Reliance Capital (up 17.68% to Rs 1,328.75), surged.
Reliance Natural Resources clocked the highest volume of 2.14 crore
shares on BSE. ispat Industries (1.62 crore shares), Essar Oil
(1.14 crore shares), Reliance Petroleum (96.33 lakh shares) and
IFCI (92.34 lakh shares), these were the other volume toppers on
BSE in the order.
Axis Bank registered highest turnover of Rs 603.16 crore on BSE.
GSS America (Rs 379.56 crore), Reliance Capital (Rs 303.90 crore),
Housing Development Finance Corporation (Rs 246.36 crore) and Essar
Oil (Rs 232.46 crore), were the other turnover toppers on BSE in
that order.
Chemicals maker GHCL surged 16.28% to Rs 86.80 after the company
said it plans to spin off its home textiles and retail businesses
into separate units as part of a restructuring plan.
Software firm Prithvi Information Solutions surged 9.69% to Rs
154.50 after the software services firm said its board will
consider a share buyback proposal on 31 March 2008.
Steel pipes maker Welspun Gujarat Stahl Rohren jumped 12.93% to Rs
332.35 after the company said it has bagged pipeline orders worth
Rs 1,075 crore for the supply of spiral pipes to Northern Africa.
Apparels maker Gokaldas Exports advanced 8.73% to Rs 185 on reports
the company has secured an order to supply 2.50 lakh units of
sportswear like jumpers, track-suits & vests for the thousands of
athletes participating in Beijing Olympics.
Apparels firm Arvind Mills jumped 5.44% to Rs 36.85 after the
company said Arvind Brands a division of the company has signed an
agreement with Philips-Van Heusen Corporation for designing,
distribution & retailing of IZOD brand in India.
Future Capital Holdings, the financial services arm of the Future
Group, jumped 7.74% to Rs 589.20 after the company said its board
has approved to invest upto Rs 47.75 crore in its subsidiary Future
Finmart.
Cement maker Prism Cement soared 9.77% to Rs 42.15 after 14 lakh
shares, or 0.47% of the company's equity, changed hands in a block
deal on NSE at Rs 39.55 each.
Power equipment maker Jyoti Structures spurted 4.07% to Rs 162.30
after its secured an order worth Rs 160 crore for construction of
transmission line and sub-stations in Uganda.
Sensex clocks 2nd highest point gain
It was a day of absolute strength for the markets as they closed near the high point of the day breaching some important psychological levels. Sensex has breached 16,000 mark while the Nifty closed above 4850 levels. Both Sensex and Nifty up 6% each. It was the second biggest single day point gain for Sensex. Heavy buying was seen in scrips across sectors.
The broader markets are also following the suit and the midcap index closed with a bump up of 6%.
All the BSE sector indices closed in green; IT, realty, bank stocks were among the top gainers of the day.
The cues from global peers were encouraging as most of the Asian markets ended in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
JP Associates, Reliance Energy, DLF, Unitech, ICICI Bank, Tata Power, TCS Infosys, Satyam, Reliance Communication, Tata Steel, SAIL, were among the gainers.HCL Tech, HDFC Bank, BHEL, ABB, L&T, Hindalco also ended higher
The broader markets are also following the suit and the midcap index closed with a bump up of 6%.
All the BSE sector indices closed in green; IT, realty, bank stocks were among the top gainers of the day.
The cues from global peers were encouraging as most of the Asian markets ended in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
JP Associates, Reliance Energy, DLF, Unitech, ICICI Bank, Tata Power, TCS Infosys, Satyam, Reliance Communication, Tata Steel, SAIL, were among the gainers.HCL Tech, HDFC Bank, BHEL, ABB, L&T, Hindalco also ended higher
Market sustains the gain
It has been a day of absolute strength for markets led by the frontliners. Heavy buying seen in scrips across sectors. Both Sensex and Nifty up 6% each. The broader markets are also follwing the suit and the midcap index is trading with a bump up of 6%. Sensex has breached 16,000 mark while the Nifty is above 4800 levels.
At 14.59 hrs IST, the Sensex is up 806.82 points or 5.28% at 16096.22, and the Nifty up 253.45 points or 5.50% at 4863.30.
About 2098 shares have advanced, 894 shares declined, and 68 shares are unchanged.The breadth is positive with midcap and smallcap indices trading firm. All the BSE sector indices are in green; IT, realty, bank stocks are among the top gainers of the day.
BSE Realty index is up 7.5%; BSE bankex is up 6%, midcap index index is up 4.2% and smallcap index is up 3.5%.
Most of the Asian markets ended in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
Top gainers on the Sensex are ICICI Bank at Rs 880.00 up 9.38%, HDFC at Rs 2,586.00 up 8.47% and Infosys at Rs 1,460.05 up 7.25%.
Top gainers on the Nifty are HDFC at Rs 2,616.00 up 9.93%, Unitech at Rs 276.35 up 9.16% and Tata Power at Rs 1,191.00 up 8.83%.
Most active shares on BSE are Axis Bank, HDFC and GSS America Inf.
Top percentage losers on the BSE are IOL Netcom, Securities Cap and Trishakti Elect up 10% each.
At 14.59 hrs IST, the Sensex is up 806.82 points or 5.28% at 16096.22, and the Nifty up 253.45 points or 5.50% at 4863.30.
About 2098 shares have advanced, 894 shares declined, and 68 shares are unchanged.The breadth is positive with midcap and smallcap indices trading firm. All the BSE sector indices are in green; IT, realty, bank stocks are among the top gainers of the day.
BSE Realty index is up 7.5%; BSE bankex is up 6%, midcap index index is up 4.2% and smallcap index is up 3.5%.
Most of the Asian markets ended in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
Top gainers on the Sensex are ICICI Bank at Rs 880.00 up 9.38%, HDFC at Rs 2,586.00 up 8.47% and Infosys at Rs 1,460.05 up 7.25%.
Top gainers on the Nifty are HDFC at Rs 2,616.00 up 9.93%, Unitech at Rs 276.35 up 9.16% and Tata Power at Rs 1,191.00 up 8.83%.
Most active shares on BSE are Axis Bank, HDFC and GSS America Inf.
Top percentage losers on the BSE are IOL Netcom, Securities Cap and Trishakti Elect up 10% each.
markets continue to trade stronger
The markets continue to trade stronger and stronger as all BSE sectoral indices witnessing buying interest. The realty and banking indices have outperformed the other sectoral indices up nearly 8% each. BSE Sensex's all 30 stocks are trading in green.
At 1.15 pm, the Sensex is up 860.86 points or 5.63% at 16150.26, and the Nifty up 243.75 points or 5.29% at 4853.60.
Market breadth was positive about 2055 shares have advanced, 949 shares declined, and 56 shares are unchanged.
Top gainers on the Sensex are ICICI Bank at Rs 880.00 up 9.38%, HDFC at Rs 2,586.00 up 8.47% and Infosys at Rs 1,460.05 up 7.25%.
Top gainers on the Nifty are HDFC at Rs 2,616.00 up 9.93%, Unitech at Rs 276.35 up 9.16% and Tata Power at Rs 1,191.00 up 8.83%.
Most active shares on BSE are Axis Bank, HDFC and GSS America Inf.
Top percentage losers on the BSE are IOL Netcom, Securities Cap and Trishakti Elect up 10% each.
At 1.15 pm, the Sensex is up 860.86 points or 5.63% at 16150.26, and the Nifty up 243.75 points or 5.29% at 4853.60.
Market breadth was positive about 2055 shares have advanced, 949 shares declined, and 56 shares are unchanged.
Top gainers on the Sensex are ICICI Bank at Rs 880.00 up 9.38%, HDFC at Rs 2,586.00 up 8.47% and Infosys at Rs 1,460.05 up 7.25%.
Top gainers on the Nifty are HDFC at Rs 2,616.00 up 9.93%, Unitech at Rs 276.35 up 9.16% and Tata Power at Rs 1,191.00 up 8.83%.
Most active shares on BSE are Axis Bank, HDFC and GSS America Inf.
Top percentage losers on the BSE are IOL Netcom, Securities Cap and Trishakti Elect up 10% each.
Sensex breaches 16000; Nifty above 4600
It has been a day of absolute strength for markets led by the frontliners. Heavy buying seen in scrips across sectors. Both Sensex and Nifty up over 4.5% each. The broader markets are also follwing the suit and the midcap index is trading with a bump up of 4%. Sensex has breached 16,000 mark while the Nifty is above 4800 levels.
The breadth is positive with midcap and smallcap indices trading firm. All the BSE sector indices are in green; IT, realty, bank stocks are among the top gainers of the day.
BSE Realty index is up 7.5%; BSE bankex is up 6%, midcap index index is up 4.2% and smallcap index is up 3.5%.
Most of the Asian markets ended in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
At 12.23 hrs IST, the Sensex is up 692.62 points or 4.53% at 15982.02, and the Nifty up 206.50 points or 4.48% at 4816.35.
About 1950 shares have advanced, 1051 shares declined, and 59 shares are unchanged.
JP Associates, Reliance Energy up over 10%, followed by DLF, Unitech, ICICI Bank, Tata Power, TCS were up 8% each. Infosys, Satyam, Reliance Communication were up over 6%. Tata Steel, SAIL, Unitech are among the gainers up over 5% each.
HCL Tech, HDFC Bank, BHEL, ABB, L&T, Hindalco were among the other gainers.
Axis, DLF, JP Associates, HDFC, Reliance and ICICI Bank are among the most active stocks on the bourses.
The breadth is positive with midcap and smallcap indices trading firm. All the BSE sector indices are in green; IT, realty, bank stocks are among the top gainers of the day.
BSE Realty index is up 7.5%; BSE bankex is up 6%, midcap index index is up 4.2% and smallcap index is up 3.5%.
Most of the Asian markets ended in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
At 12.23 hrs IST, the Sensex is up 692.62 points or 4.53% at 15982.02, and the Nifty up 206.50 points or 4.48% at 4816.35.
About 1950 shares have advanced, 1051 shares declined, and 59 shares are unchanged.
JP Associates, Reliance Energy up over 10%, followed by DLF, Unitech, ICICI Bank, Tata Power, TCS were up 8% each. Infosys, Satyam, Reliance Communication were up over 6%. Tata Steel, SAIL, Unitech are among the gainers up over 5% each.
HCL Tech, HDFC Bank, BHEL, ABB, L&T, Hindalco were among the other gainers.
Axis, DLF, JP Associates, HDFC, Reliance and ICICI Bank are among the most active stocks on the bourses.
Performance of 25th march calls
RPL target 152/155/159 high 155.00
RPOWER target 315/321/325 high 318.85
RNRL 98/100/103 high 101.00
Buy ICICI Bank around 815 SL 795 high 868.00
ESSAR OIL 189/202/205 high 208.00
WIPRO 400/402/410 high 419.40
SATYAM 395/398/402 high 417.00
HDFC BANK 1350/1366/1375 high 1,400.00
ISPAT 27.5/29/30 high 29.55
RCOM Target 512/520/522 high 536.90
IFCI target 40/42 high 41.40
Sell HDFC bank@1390 target 1,385/1,380 low 1380
RPOWER target 315/321/325 high 318.85
RNRL 98/100/103 high 101.00
Buy ICICI Bank around 815 SL 795 high 868.00
ESSAR OIL 189/202/205 high 208.00
WIPRO 400/402/410 high 419.40
SATYAM 395/398/402 high 417.00
HDFC BANK 1350/1366/1375 high 1,400.00
ISPAT 27.5/29/30 high 29.55
RCOM Target 512/520/522 high 536.90
IFCI target 40/42 high 41.40
Sell HDFC bank@1390 target 1,385/1,380 low 1380
Tuesday, March 25, 2008
Calls perforamnce
RPL target 152/155/159 high 154.90
RPOWER target 315/321/325 high 315.75
RNRL 98/100/103 high 101.00
Buy ICICI Bank around 815 SL 795 high 852.00
ESSAR OIL 189/202/205 high 208.00
WIPRO 400/402/410 high 416.80
SATYAM 395/398/402 high 409.00
HDFC BANK 1350/1366/1375 high 1,397.90
ISPAT 27.5/29/30 high 28.55
RCOM Target 512/520/522 high 527.85
IFCI target 40/42 high 41.40
RPOWER target 315/321/325 high 315.75
RNRL 98/100/103 high 101.00
Buy ICICI Bank around 815 SL 795 high 852.00
ESSAR OIL 189/202/205 high 208.00
WIPRO 400/402/410 high 416.80
SATYAM 395/398/402 high 409.00
HDFC BANK 1350/1366/1375 high 1,397.90
ISPAT 27.5/29/30 high 28.55
RCOM Target 512/520/522 high 527.85
IFCI target 40/42 high 41.40
Market trades higher
The markets are trading strong on the back of encouraging global cues. Nifty is trading with gains of over 100 points and it is 400 points plus gain for the Sensex. The breadth is positive with midcap and smallcap indices trading firm. All the BSE sector indices are in green; IT, realty, bank stocks are among the top gainers of the day.
At 10.06 hrs IST, the Sensex is up 378.97 points or 2.48% at 15668.37, and the Nifty up 133.85 points or 2.90% at 4743.70.
About 1271 shares have advanced, 1725 shares declined, and 64 shares are unchanged.
Reliance Energy, HCL Tech, Unitech, DLF, ICICI Bank, Infosys, HDFC Bank, BHEL, ABB, L&T, Tata Steel, Hindalco were among the gainers.
Rupee is trading strong at Rs 40.13 per dollar
At 10.06 hrs IST, the Sensex is up 378.97 points or 2.48% at 15668.37, and the Nifty up 133.85 points or 2.90% at 4743.70.
About 1271 shares have advanced, 1725 shares declined, and 64 shares are unchanged.
Reliance Energy, HCL Tech, Unitech, DLF, ICICI Bank, Infosys, HDFC Bank, BHEL, ABB, L&T, Tata Steel, Hindalco were among the gainers.
Rupee is trading strong at Rs 40.13 per dollar
Pre Market Report 25/03/2008 - Stock tips
The market may advance tracking rally in US markets yesterday, 24 March 2008. Asian markets were trading mixed today. Volatility may increase on the bourses this week ahead of the expiry of March 2008 derivative contracts on Thursday, 27 March 2008. As per reports, the marketwide rollover of derivative positions from March 2008 series to April 2008 series stood at 21%, while that of Nifty was 28%.
The sharp rise in inflation may be a cause of concern, which has now risen above the Reserve Bank of India's caution limit of 5%. As per data released on Thursday, 20 March 2008, inflation had surged to over 11-month high of 5.92% for the week ended 8 March 2008 as essential items like fruits and vegetables and pulses as well as some manufactured items turned expensive. The wholesale prices-based inflation stood at 5.11% in the previous week corresponding week.
Tips for today
RPL target 152/155/159
RPOWER target 315/321/325
Buy ICICI Bank around 815 SL 795
ESSAR OIL 189/202/205
WIPRO 400/402/410
SATYAM 395/398/402
HDFC BANK 1350/1366/1375
RNRL 98/100/103
ISPAT 27.5/29/30
RCOM Target 512/520/522
IFCI target 40/42
Dont carry huge positions trade with strict SL
The sharp rise in inflation may be a cause of concern, which has now risen above the Reserve Bank of India's caution limit of 5%. As per data released on Thursday, 20 March 2008, inflation had surged to over 11-month high of 5.92% for the week ended 8 March 2008 as essential items like fruits and vegetables and pulses as well as some manufactured items turned expensive. The wholesale prices-based inflation stood at 5.11% in the previous week corresponding week.
Tips for today
RPL target 152/155/159
RPOWER target 315/321/325
Buy ICICI Bank around 815 SL 795
ESSAR OIL 189/202/205
WIPRO 400/402/410
SATYAM 395/398/402
HDFC BANK 1350/1366/1375
RNRL 98/100/103
ISPAT 27.5/29/30
RCOM Target 512/520/522
IFCI target 40/42
Dont carry huge positions trade with strict SL
Indain Market view
After Us closing +ve and Asian markets opening in green its turn of indian market to show some more positive movement. Indian market-Sensex alreay closed in +ve for continues 3 days. Today it wil open gap up atleast by some 30-50 points in nifty.
BSE: a gap up opening expected near 15467 for a Target 15575 and 15625.
Any upmoves likely to face strong resistances @ 15500-15800, 16200-16600 levels.
Mixed sentiments as the F&O expiry & financial year ending are near and a positive global market cue. So dont carry huge postions.
IT stocks to do well along with the banking stocks like SBI, ICICI.
BSE: a gap up opening expected near 15467 for a Target 15575 and 15625.
Any upmoves likely to face strong resistances @ 15500-15800, 16200-16600 levels.
Mixed sentiments as the F&O expiry & financial year ending are near and a positive global market cue. So dont carry huge postions.
IT stocks to do well along with the banking stocks like SBI, ICICI.
Asian Markets on high node
After US closing +ve, its turn of Asian markets to carry on this positive things.
Nikkei 225 12,646.33 +166.24 +1.33%
Hang Seng 21,953.10 +844.88 +4.00%
Straits Times 2,991.48 +63.69 +2.18%
Nikkei 225 12,646.33 +166.24 +1.33%
Hang Seng 21,953.10 +844.88 +4.00%
Straits Times 2,991.48 +63.69 +2.18%
Wall street closes on positive node
Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago
US closing
Dow 12,548.64 +187.32 +1.52%
Nasdaq 2,326.75 +68.64 +3.04%
S&P 500 1,349.88 +20.37 +1.53%
US closing
Dow 12,548.64 +187.32 +1.52%
Nasdaq 2,326.75 +68.64 +3.04%
S&P 500 1,349.88 +20.37 +1.53%
Post Market report of 24.03.2008
The 30-share BSE Sensex rose 294.57 points or 1.96% at 15,289.40.
The index gained 356.48 points at the session's high of 15,351.31,
hit at the fag end of the trading session. Sensex rose 61.26 points
at the day's low of 15,056.09 hit in the afternoon trade.
The broader CNX S&P Nifty rose 35.9 points or 0.78% at 4609.85.
The BSE Mid-cap index fell 2.66% at 5,805.53. The BSE small-cap
index was down 3.77% at 6,950.12. Both these indices underperformed
the Sensex.
The market breadth, which was negative in early trade, turned poor
as the session progressed. On BSE, 535 stocks advanced, 2149
declined and 33 stocks were unchanged.
Blue chips edged higher in volatile trading session today. After an
initial surge, the market had pared gains in afternoon trade. The
S&P CNX Nifty, had in fact, slipped into the red. A strong rebound
was witnessed in late trade. Positive cues from the global markets
supported the domestic bourses which opened after a long weekend.
However, the market breadth was weak indicating that confidence is
low among investors. Mid-cap and small-cap stocks slumped, which
was clearly reflected in the poor market breadth. Banking and IT
stocks were in demand. Metal and power stocks declined. 22 out of
30 stocks from the Sensex pack ended in green.
The market sentiment remained edgy on reports Monsoon Capital LLC,
a $1.20 billion hedge fund firm run by Gautam Prakash, has been hit
hard by a slump in Indian stocks this year. The news may trigger
more redemptions from hedge funds with higher exposure to India,
reports suggest.
The index gained 356.48 points at the session's high of 15,351.31,
hit at the fag end of the trading session. Sensex rose 61.26 points
at the day's low of 15,056.09 hit in the afternoon trade.
The broader CNX S&P Nifty rose 35.9 points or 0.78% at 4609.85.
The BSE Mid-cap index fell 2.66% at 5,805.53. The BSE small-cap
index was down 3.77% at 6,950.12. Both these indices underperformed
the Sensex.
The market breadth, which was negative in early trade, turned poor
as the session progressed. On BSE, 535 stocks advanced, 2149
declined and 33 stocks were unchanged.
Blue chips edged higher in volatile trading session today. After an
initial surge, the market had pared gains in afternoon trade. The
S&P CNX Nifty, had in fact, slipped into the red. A strong rebound
was witnessed in late trade. Positive cues from the global markets
supported the domestic bourses which opened after a long weekend.
However, the market breadth was weak indicating that confidence is
low among investors. Mid-cap and small-cap stocks slumped, which
was clearly reflected in the poor market breadth. Banking and IT
stocks were in demand. Metal and power stocks declined. 22 out of
30 stocks from the Sensex pack ended in green.
The market sentiment remained edgy on reports Monsoon Capital LLC,
a $1.20 billion hedge fund firm run by Gautam Prakash, has been hit
hard by a slump in Indian stocks this year. The news may trigger
more redemptions from hedge funds with higher exposure to India,
reports suggest.
Top Gainers/Losers@3.42 PM
Top Gainers
HDFC 2384.00 7.73%
ICICI Bank 804.55 4.98%
Wipro 394.50 4.75%
HDFC Bank 1326.85 4.47%
Top Losers
Tata Stee l590.00 -7.42%
Reliance Energy 1139.00 -5.59%
DLF 597.15 -4.15%
Jaiprakash Asso 199.80 -2.06%
HDFC 2384.00 7.73%
ICICI Bank 804.55 4.98%
Wipro 394.50 4.75%
HDFC Bank 1326.85 4.47%
Top Losers
Tata Stee l590.00 -7.42%
Reliance Energy 1139.00 -5.59%
DLF 597.15 -4.15%
Jaiprakash Asso 199.80 -2.06%
Breadth negative; midcaps negative
The markets are lacklustre with Nifty and broader markets in red. Sensex is trading in greenwith buying seen in select largecap IT and bank stocks. Breadth has worsened and the advance:decline was at 1:6. Nifty failed to hold above 4600 and Sensex is hovering around 15100. BSE Midcap and smallcap index were down over 3.5%.
At 2.22 hrs IST, the Sensex is up 116.09 points or 0.77% at 15110.92, and the Nifty down 29.30 points or 0.64% at 4544.65.
About 529 shares have advanced, 2461 shares declined, and 69 shares are unchanged.
Realty index is the worst hit followed by metal both down over 4% each followed by energy indices like oil & gas and power. Select bank, FMCG and IT stocks are witnessing some buying.
Among the major losers were Cairn India down 7.5%, Guj NRE Coke down over 10%. Siemens and Tata Steel are down over 3.5%. Other stocks in red are Reliance Energy, Hindalco, Reliance Communication, JP Associates, Ranbaxy.
ICICI Bank, HDFC, Wipro, HCL Tech are the top frontline gainers. Among the other gainers were Hindalco, ABB, Bharti Airtel, NTPC, HUL, ACC, HDFC, Suzlon, ONGC, Wipro, Hero Honda, ITC.
Essar Oil, RNRL, ICICI Bank were among the most active stocks on the bourses.
At 2.22 hrs IST, the Sensex is up 116.09 points or 0.77% at 15110.92, and the Nifty down 29.30 points or 0.64% at 4544.65.
About 529 shares have advanced, 2461 shares declined, and 69 shares are unchanged.
Realty index is the worst hit followed by metal both down over 4% each followed by energy indices like oil & gas and power. Select bank, FMCG and IT stocks are witnessing some buying.
Among the major losers were Cairn India down 7.5%, Guj NRE Coke down over 10%. Siemens and Tata Steel are down over 3.5%. Other stocks in red are Reliance Energy, Hindalco, Reliance Communication, JP Associates, Ranbaxy.
ICICI Bank, HDFC, Wipro, HCL Tech are the top frontline gainers. Among the other gainers were Hindalco, ABB, Bharti Airtel, NTPC, HUL, ACC, HDFC, Suzlon, ONGC, Wipro, Hero Honda, ITC.
Essar Oil, RNRL, ICICI Bank were among the most active stocks on the bourses.
Performance of today's calls
Ambuja Cements Ltd Target 125 trading at 124.80
Jindal Stainless Limited target 151,158,162 Buy did not triggered
The Federal Bank Ltd target 215 high 213.70
RPL Have a eye on 153 level -- see It did not sustain 153+ level the opened up at 154.95 it went down below yesterdays closing
Short ICici Bank Cash @ 820/825 SL 844 T 802 & 792 -- reaches Both targets
Jindal Stainless Limited target 151,158,162 Buy did not triggered
The Federal Bank Ltd target 215 high 213.70
RPL Have a eye on 153 level -- see It did not sustain 153+ level the opened up at 154.95 it went down below yesterdays closing
Short ICici Bank Cash @ 820/825 SL 844 T 802 & 792 -- reaches Both targets
Market volatile
The markets have slipped from the day's high. Nifty has slipped in red and the midcaps and smallcaps have lost further ground. Breadth has worsened and the advance:decline was at 1:6. Nifty failed to hold above 4600 and Sensex is hovering around 15100. BSE Midcap and smallcap index were down over 3.5%.
At 1.01 hrs IST, the Sensex is up 108.14 points or 0.72% at 15102.97, and the Nifty down 14.65 points or 0.32% at 4559.30.
About 583 shares have advanced, 2400 shares declined, and 76 shares are unchanged.
Realty index is the worst hit followed by metal both down over 4% each followed by energy indices like oil & gas and power. Select bank, FMCG and IT stocks are witnessing some buying.
Among the major losers were Cairn India down 7.5%, Guj NRE Coke down over 10%. Siemens and Tata Steel are down over 3.5%. Other stocks in red are Reliance Energy, Hindalco, Reliance Communication, JP Associates, Ranbaxy.
ICICI Bank, HDFC, Wipro, HCL Tech are the top frontline gainers. Among the other gainers were Hindalco, ABB, Bharti Airtel, NTPC, HUL, ACC, HDFC, Suzlon, ONGC, Wipro, Hero Honda, ITC.
Essar Oil, RNRL, ICICI Bank were among the most active stocks on the bourses.
At 1.01 hrs IST, the Sensex is up 108.14 points or 0.72% at 15102.97, and the Nifty down 14.65 points or 0.32% at 4559.30.
About 583 shares have advanced, 2400 shares declined, and 76 shares are unchanged.
Realty index is the worst hit followed by metal both down over 4% each followed by energy indices like oil & gas and power. Select bank, FMCG and IT stocks are witnessing some buying.
Among the major losers were Cairn India down 7.5%, Guj NRE Coke down over 10%. Siemens and Tata Steel are down over 3.5%. Other stocks in red are Reliance Energy, Hindalco, Reliance Communication, JP Associates, Ranbaxy.
ICICI Bank, HDFC, Wipro, HCL Tech are the top frontline gainers. Among the other gainers were Hindalco, ABB, Bharti Airtel, NTPC, HUL, ACC, HDFC, Suzlon, ONGC, Wipro, Hero Honda, ITC.
Essar Oil, RNRL, ICICI Bank were among the most active stocks on the bourses.
Monday, March 24, 2008
Performance till now
Todays Calls,
Ambuja Cements Ltd Target 125 trading at 124
Jindal Stainless Limited target 151,158,162 Buy did not triggered
The Federal Bank Ltd target 215 high 213.70
RPL Have a eye on 153 level -- see It did not sustain 153+ level
Short ICici Bank Cash @ 820/825 SL 844 T 802 & 792 -- reaches first target of 802
NSE opens gap up by 30 points, and goes bit up but again unable to sustain the upper levels
Ambuja Cements Ltd Target 125 trading at 124
Jindal Stainless Limited target 151,158,162 Buy did not triggered
The Federal Bank Ltd target 215 high 213.70
RPL Have a eye on 153 level -- see It did not sustain 153+ level
Short ICici Bank Cash @ 820/825 SL 844 T 802 & 792 -- reaches first target of 802
NSE opens gap up by 30 points, and goes bit up but again unable to sustain the upper levels
Indian market open gapup and surge a bit but i suspect there will be a selling wave coming at higher level and hence be careful. Market is still bearish mode so dont carry long postions..
Trade with strict SL
Todays Tips
Ambuja Cements Ltd Target 125
Jindal Stainless Limited target 151,158,162
The Federal Bank Ltd target 215
In RPL Have a eye on 153 level.Below this level....Don't hold long positon.
Once breaks and closes below 144.........expect nonstop slide upto 101 level.....!!!
Trade with strict SL
Todays Tips
Ambuja Cements Ltd Target 125
Jindal Stainless Limited target 151,158,162
The Federal Bank Ltd target 215
In RPL Have a eye on 153 level.Below this level....Don't hold long positon.
Once breaks and closes below 144.........expect nonstop slide upto 101 level.....!!!
Asian markets up
After nikkei opening in red and then surging to positive, straits times opened in green,
Asian market @9.25AM IST
Nikkei 225 12,528.90 +46.33 +0.37%
Straits Times 2,891.99 +67.08 +2.37%
Indian market open gapup and surge a bit but i suspect there will be a selling wave coming at higher level and hence be careful. Market is still bearish mode so dont carry long postions..
Trade with strict SL
Asian market @9.25AM IST
Nikkei 225 12,528.90 +46.33 +0.37%
Straits Times 2,891.99 +67.08 +2.37%
Indian market open gapup and surge a bit but i suspect there will be a selling wave coming at higher level and hence be careful. Market is still bearish mode so dont carry long postions..
Trade with strict SL
Japan stocks gain led by autos on steadier yen
Japanese stocks extended a three-session winning streak on Monday as gains by automakers such as Toyota Motor Co on a stabilising yen helped offset declines in recent gainers including insurers.
Shares of Nissan Motor Co Ltd jumped nearly 4 percent after Chief Executive Carlos Ghosn said on Friday that Japan's third-largest automaker expects to beat its global sales target for the year ending March 31.
Shares of Nissan Motor Co Ltd jumped nearly 4 percent after Chief Executive Carlos Ghosn said on Friday that Japan's third-largest automaker expects to beat its global sales target for the year ending March 31.
US Market closing on Thursday
On Thursday, the stock market closed the shortened week on a high note. The major indices surged more than 2% in heavy trading, and finished near their best levels of the session. Financials led the way higher, thanks to a pair of upgrades and news that the Fed is expanding its previously announced plan to increase liquidity.
Dow 12,361.32 +261.66 (2.16%)
Nasdaq 2,258.11 +48.15 (2.18%)
S&P 500 1,329.51 +31.09 (2.39%)
Dow 12,361.32 +261.66 (2.16%)
Nasdaq 2,258.11 +48.15 (2.18%)
S&P 500 1,329.51 +31.09 (2.39%)
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