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
Tuesday, March 25, 2008
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%)
Thursday, March 20, 2008
Mkt ends in green but sharply off day's high
The markets closed in green with moderate gain after a gap up opening on the back of strong cues from Asia and the US. After the Fed cut discount rate by 75 bps markets across globe have rallied. Asia ended in green most with gains of over 1.5%-3%, there were no runaway rallies seen.
Europe was off the highs after UK based HBOS reported pound 227 million.
Only frontliners closed in green but midcaps and smallcaps closed weak.Nifty breached 4600 mark but closed below the 4600 mark and Sensex slipped below 15000 levels.
On a weekly basis it was an very weak close for the markets with Sensex and Nifty down 5%. TMarkets witnesses second biggest single day fall this week. The broader markets lost nearly 10%. Bankex was down 10% followed by metal index down 8%.
Sensex closed up 161.37 points or 1.09% at 14994.83, and the Nifty up 40.95 points or 0.90% at 4573.95.
About 893 shares have advanced, 2088 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 5,964.10 down 1.2%.
The BSE Smallcap Index ended at 7,222.20 down 2%.
The BSE Bankex closed flat at 7,495.26. Yes, Federal Bank, IOB, HDFC Bank, closed in green.
The BSE Capital Goods Index closed at 13,095.72 up 1.3%. Areva, L&T, BHEL, ABB closed higher.
The BSE Auto Index closed at 4,398.25 up 1.4%. Exide, Tata Mtotos, M&M, Apollo Tyres, Ashok Leyland closed higher.
The BSE Metal Index closed at 13,498.55 up 0.4%. SAIL, JSW Steel, Sesa Goa, Jindal Stainless, Hind Zinc closed higher.
The BSE FMCG Index closed up 0.6% at 2,142.40. Colgate, ITC, P&G ended higher
BSE Oil and Gas Index closed at 9,717.56 up 0.06%. GAIL, Cairn, IOC, Reliance ended higher.
The BSE IT Index was at 3,369.63 up 2%. HCL, Infosys, Satyam, Wipro, TCS, Tech Mahindra closed higher.
The NSE cash turnover was at Rs 13937.1 crore and the NSE F&O turnover was at Rs 46365.04 crore. The BSE cash turnover was Rs 5781.11crore. Total market wide turnover was at Rs 66083.25 crore.
Markets Today
Markets off day's high on profit booking in line with Asian peers
Sensex ends up 161 pts at 14994; down 470 pts from day's high
Nifty ends up 41 pts at 4574; down nearly 150 pts from day's high
CNX Midcap Index down 0.23%, BSE Small-cap Index down 2%
IT Index up 2.14%; Satyam up 5.7%, Wipro up 5.3%, Infosys up 2.2%
BSE Realty Index down 2.14%; DLF down 1.4%, Unitech down 3.4%
Index Gainers; Tata Motors up 5%, SAIL up 4.4%, Nalco up 4.2%, M&M up 3.6%
Non-index gainers; Yes Bank up 7.6%; management says not having any uncovered forex exposures
Losers; Guj NRE Coke down 8.5%, IFCI down 6.6%, Neyveli Lignite down 6.24%
NSE Advance Decline at 1:2; slips from 5:1 in the morning
Total market turnover at Rs 66083.25 cr
Europe was off the highs after UK based HBOS reported pound 227 million.
Only frontliners closed in green but midcaps and smallcaps closed weak.Nifty breached 4600 mark but closed below the 4600 mark and Sensex slipped below 15000 levels.
On a weekly basis it was an very weak close for the markets with Sensex and Nifty down 5%. TMarkets witnesses second biggest single day fall this week. The broader markets lost nearly 10%. Bankex was down 10% followed by metal index down 8%.
Sensex closed up 161.37 points or 1.09% at 14994.83, and the Nifty up 40.95 points or 0.90% at 4573.95.
About 893 shares have advanced, 2088 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 5,964.10 down 1.2%.
The BSE Smallcap Index ended at 7,222.20 down 2%.
The BSE Bankex closed flat at 7,495.26. Yes, Federal Bank, IOB, HDFC Bank, closed in green.
The BSE Capital Goods Index closed at 13,095.72 up 1.3%. Areva, L&T, BHEL, ABB closed higher.
The BSE Auto Index closed at 4,398.25 up 1.4%. Exide, Tata Mtotos, M&M, Apollo Tyres, Ashok Leyland closed higher.
The BSE Metal Index closed at 13,498.55 up 0.4%. SAIL, JSW Steel, Sesa Goa, Jindal Stainless, Hind Zinc closed higher.
The BSE FMCG Index closed up 0.6% at 2,142.40. Colgate, ITC, P&G ended higher
BSE Oil and Gas Index closed at 9,717.56 up 0.06%. GAIL, Cairn, IOC, Reliance ended higher.
The BSE IT Index was at 3,369.63 up 2%. HCL, Infosys, Satyam, Wipro, TCS, Tech Mahindra closed higher.
The NSE cash turnover was at Rs 13937.1 crore and the NSE F&O turnover was at Rs 46365.04 crore. The BSE cash turnover was Rs 5781.11crore. Total market wide turnover was at Rs 66083.25 crore.
Markets Today
Markets off day's high on profit booking in line with Asian peers
Sensex ends up 161 pts at 14994; down 470 pts from day's high
Nifty ends up 41 pts at 4574; down nearly 150 pts from day's high
CNX Midcap Index down 0.23%, BSE Small-cap Index down 2%
IT Index up 2.14%; Satyam up 5.7%, Wipro up 5.3%, Infosys up 2.2%
BSE Realty Index down 2.14%; DLF down 1.4%, Unitech down 3.4%
Index Gainers; Tata Motors up 5%, SAIL up 4.4%, Nalco up 4.2%, M&M up 3.6%
Non-index gainers; Yes Bank up 7.6%; management says not having any uncovered forex exposures
Losers; Guj NRE Coke down 8.5%, IFCI down 6.6%, Neyveli Lignite down 6.24%
NSE Advance Decline at 1:2; slips from 5:1 in the morning
Total market turnover at Rs 66083.25 cr
dont carry open positions to next week
Today is last trading day for indian markets in this week. Cant predict what news wil come in next 4 days. so dont carry any postions from today to next week.Book profits today only.
All sectors in positive
BSE IT 3377.08 +78.21
BSE Healthcare 3703.30 +58.37
BSE FMCG 2172.13 +41.39
BANKEX 7739.87 +245.90
BSE Auto 4448.15 +109.08
BSE TECk 2907.50 +71.57
BSE PSU 7321.34 +167.03
BSE Healthcare 3703.30 +58.37
BSE FMCG 2172.13 +41.39
BANKEX 7739.87 +245.90
BSE Auto 4448.15 +109.08
BSE TECk 2907.50 +71.57
BSE PSU 7321.34 +167.03
MTNL to sale 50% in Suntel, stock rises
The company is likely to offload 50% stake in Suntel post acquisition, reports The Economic Times.
Reliance Com to acquire European comapny
The comapny is looking to acquire European WiMax co for USD 300-400 milliom, reports DNA.
Markets trading high Bank, realty, cap goods surge
The markets are trading firm at the higher as sustained buying continues, its a smidge down from the high point of the day.After the Fed cut discount rate by 75 bps markets across globe have rallied. Asia is trading in green most with gains of over 1.5%, there are no runaway rallies seen.
It is the smallcaps that have underperformed a bit. Nifty has maintained 4650 and Sensex has latched on to 15300 levels. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.
At 11.33 hrs IST, the Sensex is up 482.79 points or 3.25% at 15316.25, and the Nifty up 113.95 points or 2.51% at 4646.95.
About 1536 shares have advanced, 1432 shares declined, and 90 shares are unchanged.
JP Associates up over 7.8% followed by ICICI Bank and HDFC Bank up over 6%. SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
In the global markets Asian markets were trading firm. Hong Kong's Hang Seng up nearly 3%, Japan's Nikkei up over 2%. Yesterday, Wall Street ran up their biggest one-day gains in more than five years following that interest rate cut. The rally was led by financials.
Mkt trades firm: Bank, realty, cap goods surge
The markets are trading firm at the higher level on buying seen in scrips across sectors. After the Fed cut discount rate by 75 bps markets across globe have rallied. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.
Market breadth is very positive, NSE advance:decline ratio of 13:1. Midcap and small cap stocks have seen strong bounce back. BSE Midcap index is up over 3% and smallcap index is up nearly 3%.
Bankex is up over 5% followed by realty up 5%, capital goods and power index up over 3.5%.
At 10.29 hrs IST, the Sensex is up 530.72 points or 3.58% at 15364.18, and the Nifty up 132.70 points or 2.93% at 4665.70.
About 1787 shares have advanced, 1191 shares declined, and 80 shares are unchanged.
JP Associates up over 7.8% followed by ICICI Bank and HDFC Bank up over 6%. SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
In the global markets Asian markets were trading firm. Hong Kong's Hang Seng added 3.61%, Japan's Nikkei gained 3.23%. Yesterday, Wall Street ran up their biggest one-day gains in more than five years following that interest rate cut. The rally was led by financials.
Mkts open strong mirroring sturdy global cues
The markets have opened on a strong note mirroring phenomenal rally in US markets as FOMC cut the Fed funds and discount rates by 75 bps. Asian markets are also supported this rally. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers in morning trade. Market breadth is very positive, NSE advance:decline ratio of 13:1. Midcap and small cap stocks have seen strong bounce back.
At 9:56 am, the Sensex was up 632 points at 15465 and the Nifty up 165 points at 4698. CNX Midcap gained by 241 points at 6,102.
SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
The BSE Realty, Bankex, Power and Capital Goods indices were up nearly 4-6%. Oil & Gas, Metal, IT and Teck indices jumped over 3%.
It is the smallcaps that have underperformed a bit. Nifty has maintained 4650 and Sensex has latched on to 15300 levels. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.
At 11.33 hrs IST, the Sensex is up 482.79 points or 3.25% at 15316.25, and the Nifty up 113.95 points or 2.51% at 4646.95.
About 1536 shares have advanced, 1432 shares declined, and 90 shares are unchanged.
JP Associates up over 7.8% followed by ICICI Bank and HDFC Bank up over 6%. SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
In the global markets Asian markets were trading firm. Hong Kong's Hang Seng up nearly 3%, Japan's Nikkei up over 2%. Yesterday, Wall Street ran up their biggest one-day gains in more than five years following that interest rate cut. The rally was led by financials.
Mkt trades firm: Bank, realty, cap goods surge
The markets are trading firm at the higher level on buying seen in scrips across sectors. After the Fed cut discount rate by 75 bps markets across globe have rallied. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers.
Market breadth is very positive, NSE advance:decline ratio of 13:1. Midcap and small cap stocks have seen strong bounce back. BSE Midcap index is up over 3% and smallcap index is up nearly 3%.
Bankex is up over 5% followed by realty up 5%, capital goods and power index up over 3.5%.
At 10.29 hrs IST, the Sensex is up 530.72 points or 3.58% at 15364.18, and the Nifty up 132.70 points or 2.93% at 4665.70.
About 1787 shares have advanced, 1191 shares declined, and 80 shares are unchanged.
JP Associates up over 7.8% followed by ICICI Bank and HDFC Bank up over 6%. SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
In the global markets Asian markets were trading firm. Hong Kong's Hang Seng added 3.61%, Japan's Nikkei gained 3.23%. Yesterday, Wall Street ran up their biggest one-day gains in more than five years following that interest rate cut. The rally was led by financials.
Mkts open strong mirroring sturdy global cues
The markets have opened on a strong note mirroring phenomenal rally in US markets as FOMC cut the Fed funds and discount rates by 75 bps. Asian markets are also supported this rally. All BSE indices are trading higher. Power, banking, telecom and capital goods stocks are the star performers in morning trade. Market breadth is very positive, NSE advance:decline ratio of 13:1. Midcap and small cap stocks have seen strong bounce back.
At 9:56 am, the Sensex was up 632 points at 15465 and the Nifty up 165 points at 4698. CNX Midcap gained by 241 points at 6,102.
SBI, Bharti Airtel, PNB, Tata Power, SAIL, L&T, RPL and RNRL were the major gainers.
The BSE Realty, Bankex, Power and Capital Goods indices were up nearly 4-6%. Oil & Gas, Metal, IT and Teck indices jumped over 3%.
Wednesday, March 19, 2008
Performance of 19th March
Buy INFOSYS@1350 target 1450/1550/1565 opens 1,349.95 high 1,373.00
Buy TCS@820 target 855/899/910 opens 828.00 high - 840.00
Buy Patni@203 Target 210/215/225 opens 208.80 high 212.30
Buy WIPRO@360 target 372/380/388 opens 370.00 high 370.00
RCOM@496 target 505/508/515/524 opens 510.00 high 520.00 low 505.15
RPOWER@316 target 320/326/332/340 opens 337.00 high 337.00
RPL@152 target 155/157/162 opens 159.00 high 161.70
RNRL@101 target 105/110/112 opens 107.20 high 116.90
MTNL@100 target 109/115/122/135 opens 100.50 high 103.85
HINDALCO@161 target 165/172/176 opens 164.90 high 168.50
FCH@525 Target 530/550/563 opens 538.00 high 560.00
Buy TCS@820 target 855/899/910 opens 828.00 high - 840.00
Buy Patni@203 Target 210/215/225 opens 208.80 high 212.30
Buy WIPRO@360 target 372/380/388 opens 370.00 high 370.00
RCOM@496 target 505/508/515/524 opens 510.00 high 520.00 low 505.15
RPOWER@316 target 320/326/332/340 opens 337.00 high 337.00
RPL@152 target 155/157/162 opens 159.00 high 161.70
RNRL@101 target 105/110/112 opens 107.20 high 116.90
MTNL@100 target 109/115/122/135 opens 100.50 high 103.85
HINDALCO@161 target 165/172/176 opens 164.90 high 168.50
FCH@525 Target 530/550/563 opens 538.00 high 560.00
Market opens Gapup more than 100 points
See as i told the market opened more than 100points up and still holding that level
Indian Market to open gap up
NSE Nifty to open atleast 100 points. Nifty is having resistances 4760/4825/4900/5055.
BSE wil open 300 points up.
Still more downside expected so book profit and keep cash with u. buy in next week,,
BSE wil open 300 points up.
Still more downside expected so book profit and keep cash with u. buy in next week,,
Asian Markets surge further
After opening gap up Asian markets surge further up in +ve at 8.30AM IST
Nikkei 225 12,292.73 +328.57 +2.75%
Hang Seng 21,942.34 +557.73 +2.61%
Straits Times 2,892.74 +59.16 +2.09
Nikkei 225 12,292.73 +328.57 +2.75%
Hang Seng 21,942.34 +557.73 +2.61%
Straits Times 2,892.74 +59.16 +2.09
Japan shares jump 3 pct as Bear Stearns nerves ease
Japan's Nikkei share average jumped 2.8 percent on Wednesday, tracking steep gains on Wall Street after solid results from two top investment banks soothed investor nerves after Bear Stearns' sudden downfall.
The dollar's overnight gains also helped exporters, with digital camera maker Canon Inc rising more than 7 percent and Honda Motor Co Ltd up nearly 6 percent.
The benchmark Nikkei ended the morning session up 328.57 points at 12,292.73 after rising as high as 12,374.75. The broader TOPIX was up 3 percent at 1,198.67.
The dollar's overnight gains also helped exporters, with digital camera maker Canon Inc rising more than 7 percent and Honda Motor Co Ltd up nearly 6 percent.
The benchmark Nikkei ended the morning session up 328.57 points at 12,292.73 after rising as high as 12,374.75. The broader TOPIX was up 3 percent at 1,198.67.
US market Closes High
After Fed rate cut, Market recovered went to high and closed high
US closing updates
Dow 12,385.41 +413.16 +3.45%
Nasdaq 2,268.26 +91.25 +4.19%
S&P 500 1,330.28 +53.68 +4.20%
Indian markets to open gap up.. Intraday good for buy in the moring sell in an hour and buy back in the selling/profit booking wave. Remember today is last trading day for us
US closing updates
Dow 12,385.41 +413.16 +3.45%
Nasdaq 2,268.26 +91.25 +4.19%
S&P 500 1,330.28 +53.68 +4.20%
Indian markets to open gap up.. Intraday good for buy in the moring sell in an hour and buy back in the selling/profit booking wave. Remember today is last trading day for us
Picks for 19th March
After US rate cut.. Tomorrow we can expect one more gap up..
With USD reducing, IT shares wil surge tomorrow..
Buy INFOSYS@1350 target 1450/1550/1565
Buy TCS@820 target 855/899/910
Buy Patni@203 Target 210/215/225
Buy WIPRO@360 target 372/380/388
Other Pics
RCOM@496 target 505/508/515/524
RPOWER@316 target 320/326/332/340
RPL@152 target 155/157/162
RNRL@101 target 105/110/112
MTNL@100 target 109/115/122/135
HINDALCO@161 target 165/172/176
FCH@525 Target 530/550/563
Please keep booking profits.. Dont go long.. More downside possible in coming days..
Also Thursday and Friday leave to the market so dont carry any position
With USD reducing, IT shares wil surge tomorrow..
Buy INFOSYS@1350 target 1450/1550/1565
Buy TCS@820 target 855/899/910
Buy Patni@203 Target 210/215/225
Buy WIPRO@360 target 372/380/388
Other Pics
RCOM@496 target 505/508/515/524
RPOWER@316 target 320/326/332/340
RPL@152 target 155/157/162
RNRL@101 target 105/110/112
MTNL@100 target 109/115/122/135
HINDALCO@161 target 165/172/176
FCH@525 Target 530/550/563
Please keep booking profits.. Dont go long.. More downside possible in coming days..
Also Thursday and Friday leave to the market so dont carry any position
Stocks Still Up After Fed Move
Wall Street is still sharply higher while investors digest the Federal Reserve's decision to cut interest rates by three-quarters of a percentage point. Many investors were expecting a cut of a full percentage point.
Market @12:30 AM IST
Dow 12,300.01 +327.76 +2.74%
Nasdaq 2,234.09 +57.08 +2.62%
S&P 500 1,319.47 +42.87 +3.36%
Market @12:30 AM IST
Dow 12,300.01 +327.76 +2.74%
Nasdaq 2,234.09 +57.08 +2.62%
S&P 500 1,319.47 +42.87 +3.36%
Fed Cuts Funds Rate to 3-Year Low -- Markets react by volatile trading
After the FED cuts the Rate to 3-year low, Market goes down a bit sharply, since it was expecting a cut of 100 basis points instead of 75 basis point. But recovers back again.. Market at 12:00AM IST
Dow 12,186.93 +214.68 +1.79%
Nasdaq 2,229.29 +52.28 +2.40%
S&P 500 1,301.87 +25.27 +1.98%
Dow 12,186.93 +214.68 +1.79%
Nasdaq 2,229.29 +52.28 +2.40%
S&P 500 1,301.87 +25.27 +1.98%
Fed Slashes Rates by Three-Quarter Points-
Fed Slashes Rates by Three-Quarter Points
With recession fears growing, the Federal Reserve slashed the federal funds rate by three-quarters of a point. Most investors expected a full-point reduction. Today’s cut comes on the heels of the Bear Stearns bailout and U.S. Treasury Secretary Henry Paulson saying the U.S. economy is in "sharp decline."
The Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession.
The latest action brought the federal funds rate -- the interest that banks charge each other -- down to 2.25 percent, the lowest point since late 2004. It marked the second back-to-back cuts of three-fourths of a percentage point.
Fed Chairman Ben Bernanke and his colleages have now cut the funds rate six times since last September, with the reductions becoming more aggressive since January as the central bank has faced growing turmoil in global financial markets.
In Jacksonville, Fla., Tuesday, President Bush said the government will take further action -- if necessary -- to help the sagging economy.
With recession fears growing, the Federal Reserve slashed the federal funds rate by three-quarters of a point. Most investors expected a full-point reduction. Today’s cut comes on the heels of the Bear Stearns bailout and U.S. Treasury Secretary Henry Paulson saying the U.S. economy is in "sharp decline."
The Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession.
The latest action brought the federal funds rate -- the interest that banks charge each other -- down to 2.25 percent, the lowest point since late 2004. It marked the second back-to-back cuts of three-fourths of a percentage point.
Fed Chairman Ben Bernanke and his colleages have now cut the funds rate six times since last September, with the reductions becoming more aggressive since January as the central bank has faced growing turmoil in global financial markets.
In Jacksonville, Fla., Tuesday, President Bush said the government will take further action -- if necessary -- to help the sagging economy.
Dow Jumps 200 in Opening Minutes Ahead of Expected Rate Cut
Stocks rallied in early trading Tuesday as investors, relieved by better-than-expected results from Lehman Brothers and Goldman Sachs, also anticipated a massive interest rate cut from the Federal Reserve. The Dow Jones industrial average surged more than 200 points.
A rate cut from the Fed in the afternoon would come just two days after the central bank backed JPMorgan's buy of Bear Stearns Cos., and loosened up its own lending practices
Though the stock market wants more details about the souring mortgage-related bets on investment banks' books, its tone Tuesday was significantly more upbeat than it has been in recent days.
Two rivals of Bear Stearns -- Lehman Brothers Inc. and Goldman Sachs Group Inc. -- both posted quarterly profits that were significantly lower than they were a year ago, but higher than analysts had anticipated.
Market at 7:30PM IST
Dow 12,188.07 +215.82 +1.80%
Nasdaq 2,219.53 +42.52 +1.95%
S&P 500 1,303.87 +27.27 +2.14%
A rate cut from the Fed in the afternoon would come just two days after the central bank backed JPMorgan's buy of Bear Stearns Cos., and loosened up its own lending practices
Though the stock market wants more details about the souring mortgage-related bets on investment banks' books, its tone Tuesday was significantly more upbeat than it has been in recent days.
Two rivals of Bear Stearns -- Lehman Brothers Inc. and Goldman Sachs Group Inc. -- both posted quarterly profits that were significantly lower than they were a year ago, but higher than analysts had anticipated.
Market at 7:30PM IST
Dow 12,188.07 +215.82 +1.80%
Nasdaq 2,219.53 +42.52 +1.95%
S&P 500 1,303.87 +27.27 +2.14%
US Markets open Gap UP
US markets showing all positive signs opens up GAP up by 2%
Dow 12,184.82 +212.57 +1.78%
Nasdaq 2,224.92 +47.91 +2.20%
S&P 500 1,302.09 +25.49 +2.00%
Dow 12,184.82 +212.57 +1.78%
Nasdaq 2,224.92 +47.91 +2.20%
S&P 500 1,302.09 +25.49 +2.00%
Post-Market Report March 18, 2008
After witnessing a swing of 493 points in intra-day trades, the Sensex ended with marginal gains.
A rebound on the bourses after yesterday's sharp slump proved short
lived as the Sensex gave up most of its intra-day gains in choppy
trade. The market registered small gains for the day. The market
had surged in afternoon trade after reports of top corporates
paying higher advance tax in the fourth installment of 15 March
2008, raised expectations of good Q4 March 2008 results. Firm
European markets had also aided the rally. The market had witnessed
a bout of volatility earlier in the day.
Exhibiting sharp volatility in the first half, the Sensex resumed with a negative gap of 84 points at 14,726 and soon crossed the 17,700 mark to touch an intra-day high of 14,677 on sustained selling across the board. However, the market soon drifted into positive territory as a sharp bout of buying pressure dragged the index to an intra-day high of 15,170. After erasing losses in the noon trades, the Sensex once again notched up significant gains on renewed buying support before profit taking saw the Sensex shed some gains and end the session at 14,833, up 24 points. However, the Nifty after a mixed outing ended higher at 4,533, up 30 points.
The market breadth was weak: On BSE 1,925 shares declined as
compared to 745 shares that advanced. 45 shares remained unchanged.
18 out of 30 Sensex stocks were trading in green.
The BSE Mid-Cap index declined 1.48% to 6,033.91 and BSE Small-Cap
index declined 2.09% to 7,365.20.
BSE Consumer Durables index (down 0.68% to 3,613.90), BSE Oil & Gas
index (down 0.92% to 9,711.60), BSE Metal index (down 2.07% to
13,440.78), BSE IT index (up 0.04% to 3,298.87), BSE Bankex (down
0.99% to 7,493.97), BSE PSU index (up 0.01% to 7,154.31)
underperformed Sensex.
BSE Power index (up 0.62% to 2,992.01), BSE HealthCare index (up
0.64% to 3,644.93), BSE Capital Goods index (up 1.79% to 12,933.88)
BSE Auto index (up 0.22% to 4,339.07), BSE Realty index (up 1.92%
to 7,243) and BSE FMCG index (up 0.53% to 2,130.74) outperformed
Sensex.
From the Sensex pack, Ranbaxy Laboratories (up 3.4% to Rs 452.85),
Hindustan Unilever (up 3.8% to Rs 231.05), DLF (up 5.3% to Rs
634.75), Tata Consultancy Services (up 3.17% to Rs 817.30), Bharat
Heavy Electricals (up 1.55% to Rs 1,823.80), Reliance
Communications (up 3.03% to Rs 497.80) and Cipla (up 2.02% to Rs
204.45) were major gainers.
A rebound on the bourses after yesterday's sharp slump proved short
lived as the Sensex gave up most of its intra-day gains in choppy
trade. The market registered small gains for the day. The market
had surged in afternoon trade after reports of top corporates
paying higher advance tax in the fourth installment of 15 March
2008, raised expectations of good Q4 March 2008 results. Firm
European markets had also aided the rally. The market had witnessed
a bout of volatility earlier in the day.
Exhibiting sharp volatility in the first half, the Sensex resumed with a negative gap of 84 points at 14,726 and soon crossed the 17,700 mark to touch an intra-day high of 14,677 on sustained selling across the board. However, the market soon drifted into positive territory as a sharp bout of buying pressure dragged the index to an intra-day high of 15,170. After erasing losses in the noon trades, the Sensex once again notched up significant gains on renewed buying support before profit taking saw the Sensex shed some gains and end the session at 14,833, up 24 points. However, the Nifty after a mixed outing ended higher at 4,533, up 30 points.
The market breadth was weak: On BSE 1,925 shares declined as
compared to 745 shares that advanced. 45 shares remained unchanged.
18 out of 30 Sensex stocks were trading in green.
The BSE Mid-Cap index declined 1.48% to 6,033.91 and BSE Small-Cap
index declined 2.09% to 7,365.20.
BSE Consumer Durables index (down 0.68% to 3,613.90), BSE Oil & Gas
index (down 0.92% to 9,711.60), BSE Metal index (down 2.07% to
13,440.78), BSE IT index (up 0.04% to 3,298.87), BSE Bankex (down
0.99% to 7,493.97), BSE PSU index (up 0.01% to 7,154.31)
underperformed Sensex.
BSE Power index (up 0.62% to 2,992.01), BSE HealthCare index (up
0.64% to 3,644.93), BSE Capital Goods index (up 1.79% to 12,933.88)
BSE Auto index (up 0.22% to 4,339.07), BSE Realty index (up 1.92%
to 7,243) and BSE FMCG index (up 0.53% to 2,130.74) outperformed
Sensex.
From the Sensex pack, Ranbaxy Laboratories (up 3.4% to Rs 452.85),
Hindustan Unilever (up 3.8% to Rs 231.05), DLF (up 5.3% to Rs
634.75), Tata Consultancy Services (up 3.17% to Rs 817.30), Bharat
Heavy Electricals (up 1.55% to Rs 1,823.80), Reliance
Communications (up 3.03% to Rs 497.80) and Cipla (up 2.02% to Rs
204.45) were major gainers.
Market Ends flat..
Markets ended flat amid a highly volatile session. Sensex opened flat and moved higher later but again slipped and was off nearly 400 points from day's high and Nifty was off 90 points. NSE advance:decline ratio was at 3:8. CNX Midcap was down 1.9% from the highs. Sensx failed to sustain above 15,000 mark and Nifty couldn't sustain above 4,600 levels.
Midcap stocks were a major disappointment in today's session and Nifty Junior ended deeper in the red. Buying support from realty, FMCG, pharma, capital good stocks. However, selling pressure was seen in bank, metal, oil stocks.
Indices
BSE 14809.38 -0.11 0.00%
NSE 4522.75 +19.65 0.44%
BSE Midcap 6024.16 -100.19
BSE 100 7805.73 -27.25
CNX Midcap 5858.50 -49.25
S&P CNX 500 3634.60 -7.75
BSE Smallcap 7354.60 -167.63
Sectorial
BSE IT 3289.10 -8.61
BSE Healthcare 3653.74 31.84
BSE FMCG 2131.71 12.11
BANKEX 7511.93 -57.23
BSE Auto 4341.14 11.68
BSE TECk 2829.61 16.93
BSE PSU 7158.40 4.96
Top Gainers BSE
DLF 634.75 5.30%
Ranbaxy Labs 454.80 3.85%
HUL 231.05 3.80%
TCS 817.30 3.17%
Top Losers BSE
Jaiprakash Asso 200.65 -3.56%
ACC 748.00 -2.98%
SBI 1584.90 -2.97%
Tata Stee l639.25 -2.92%
Breadth negative
Midcap stocks were a major disappointment in today's session and Nifty Junior ended deeper in the red. Buying support from realty, FMCG, pharma, capital good stocks. However, selling pressure was seen in bank, metal, oil stocks.
Indices
BSE 14809.38 -0.11 0.00%
NSE 4522.75 +19.65 0.44%
BSE Midcap 6024.16 -100.19
BSE 100 7805.73 -27.25
CNX Midcap 5858.50 -49.25
S&P CNX 500 3634.60 -7.75
BSE Smallcap 7354.60 -167.63
Sectorial
BSE IT 3289.10 -8.61
BSE Healthcare 3653.74 31.84
BSE FMCG 2131.71 12.11
BANKEX 7511.93 -57.23
BSE Auto 4341.14 11.68
BSE TECk 2829.61 16.93
BSE PSU 7158.40 4.96
Top Gainers BSE
DLF 634.75 5.30%
Ranbaxy Labs 454.80 3.85%
HUL 231.05 3.80%
TCS 817.30 3.17%
Top Losers BSE
Jaiprakash Asso 200.65 -3.56%
ACC 748.00 -2.98%
SBI 1584.90 -2.97%
Tata Stee l639.25 -2.92%
Breadth negative
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