Sensex down 195 pts at 19783.5; Nifty down 37 pts at 5868

Markets slipped in late trade on profit booking in rate sensitive stocks. Sensex ended down 195 points at 19783.5. It slipped nearly 455 points from day’s high. And Nifty ended down 37 points at 5868, slipped nearly 108 points from day’s high.RBI Monetary policy announced today in which RBI hiked the CRR by 50 bps while repo and reverse repo has been kept unchanged. Markets slipped in late trade on profit booking in rate sensitive stocks. Sensex ended down 195 points at 19783.5. It slipped nearly 455 points from day’s high. And Nifty ended down...

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Nine Signals of a Stock price....

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Mukesh Ambani Richest in the World!

Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.Following a strong share price rally on in his three group companie, India's most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd, the net worth of Mukesh Ambani rose to $63.2 billion (Rs 2,49,108 crore).In comparison, the net worth of both Gates and Slim...

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Market Close: 20k crossed...time to book profits..

Support from the global front coupled with continues buying by the retail investors ensured that there was no looking back for the Indian indices. After a strong start the rally continued to zoom ahead and reached in the final leg of the 19,000 levels. Some signs of slow down were witnessed past the 19,950 levels but finally the 20,000 levels were breached in the final trading sessions. The index heavy weights like Reliance, Suzlon, SBI and L&T dominated the rally which was later joined by the small and mid caps. The gainers for the day were...

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History of Indian Stock Market

1000, July 25, 1990 2000, January 15, 1992 3000, February 29, 1992 4000, March 30, 1992 5000, October 8, 1999 6000, February 11, 2000 7000, June 20, 2005 8000, September 8, 2005 9000, November 28, 2005 10,000, February 6, 2006 11,000, March 21, 2006 12,000, April 20, 2006 13,000, October 30, 2006 14,000, December 5, 2006 15,000, July 6, 2007 16,000, September 19, 2007 17,000, September 26, 2007 18,000, October 09, 2007 19,000, October 15, 2007 20.000, October 29, 2...

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Sensex @ 20k: Listen to the expert

BSE Sensex hit 20,000-point mark on Monday for the first time ever with a massive gain of more than 750 points on frantic buying by foreign and local investors in blue-chip stocks.The major drivers of Monday's rally were index heavyweights Larsen and Toubro, Reliance Industries [Get Quote], ICICI Bank, HDFC Bank [Get Quote] and SBI [Get Quote] among others. Sensex had crossed 19,000 mark on October 16.Did you make profits while the Sensex scaled dizzying heights? How do you plan to consolidate your gains? What should your investment strategy be...

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TECHNICAL OUTLOOK by sathiamoorthy

Nifty 5702.30In the short term, Nifty is likely to make a new high around 5750-5800 region and it would be followed by a short term correction towards 5350 and below this level, it could test 5000. Instead, if it moves above 5800 and sustains above this level, then it is likely to move towards 6000.In the extreme short term, if it sustains above 5600, then it is likely to test 5800. Below 5600, it is likely to turn weak.Today, if Nifty trades above 5650, then it is likely to test 5800.Trading StrategyBe short below 5600 and be long above this level...

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Weekly Technical Analysis

Nifty — The index closed on a negative note on the opening session of the week, after which it rallied toward 5717 for the remaining part of the week. It ended the week with gains of 487 points.Moving Averages — The 50 dma = 4846, 20 dma = 5233, 10 dma = 5489. The index has closed above the 10 dma. Support during the week’s trading can be expected around the 10 & 20 dma.Momentum Oscillators — On the daily chart , MACD is in sell mode but in positive territory. RSI (14) – Relative Strength Index is around 68.25 (reading above 70 signifies overbought)....

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Market outlook positive

There are tentative short-term targets of Nifty 5850 and Sensex 19450.The market roared back into the black as it absorbed the impact of Sebi's clarifications on the participatory notes issue. The Nifty gained 9.34 per cent and shot up to 5702.3 points while the Sensex was up 9.59 at 19,243 points, hitting a new all-time high. The Defty gained 10.16 per cent as the rupee hardened again.Volumes were decent during settlement but lower than in the previous week which featured heavy FII selling. Breadth was good with advances comfortably outnumbering...

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India Strategy

India Strategy - Ko...

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Weekly Stock Ideas

Buy Axis bank (926)SL 908 Target 963Buy JP Associates (1354)SL 1330 Target 1420Buy SCI (268)SL 261 Target 283Buy IVRCL Infra (491)SL 481 Target 515 Buy GT Offshore (793)SL 785 Target ...

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UTV Software(

UTV Software - ICICI Dir...

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India becomes 5th largest holder of forex reserves

India today joined the elite group of world's five biggest holders of foreign exchange reserves as it added about 4.5 billion dollars last week to take the kitty to 261 billion dollars.The country surpassed South Korea, which had 257 billion dollars in forex reserves as of September-end, to stand at the fifth spot. While India reports its reserve position every week, South Korea does so on a monthly basis.China leads the pack with 1,434 billion dollars, followed by Japan (946 billion dollars), Russia (440 billion dollars) and Taiwan (263 billion...

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FII inflow, RBI policy review outcome to dictate trend

Trend in inflow from foreign funds will dictate the near term trend on the bourses. The market on Friday, 26 October 2007, shrugged off Securities & Exchange Board of India (Sebi) directive on restriction of participatory notes (PNs) that came into effect from 26 October 2007. Sebi has banned fresh issuance of PNs with derivatives as underlying and it has also ordered winding up such PNs in 18 months, besides putting curbs on such issue of PNs in the spot market.According to Citigroup, given the limited headroom available due to the 40% limit...

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Large cap's in rampage again!

In between the clouds of worries over P notes indices hovered to new high at the end of the week. There was a bit of caution ahead of SEBI meet with FIIs on P notes. Lack of clarity on P notes saw some outflow of fund but interest continued from domestic fund though many of them are on the sideline to get in. Quarterly Results added to the sentiments. Banking and Capital goods were the major index driver. L&T and Suzlon were the star performer for the week with their results. SBI gained on some rights issue. On the second last day SEBI announced...

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India tightens rules on P-notes

India's stock market regulator on Thursday tightened rules regarding the use of participatory notes, which unregistered foreigners could use to gain exposure to Indian shares.The curbs were in line with the proposals that the Securities and Exchange Board of India (SEBI) first floated last week and sought comment on. SEBI said the decision was about improving the transparency of inflows into India's financial markets by getting participants to register.Chandan Desai, Director of Mauritius-based Silverstreak Management Services: "The biggest entities...

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New PN norms: Good for Dalal Street

The Stock market is likely to continue its upsurge on Friday after regulator Sebi cleared the confusion over participatory notes and reasserted its stance on easing front-door FII investments, analysts said.The announcement made by Sebi chairman M Damodaran that new rules on Offshore Derivatives Instruments such as PNs have come into effect in-line with the proposals made last week has put to rest all the confusion over the whole issue and normalcy is set to return to the bourses, a broker said.Besides, Damodaran's statement that FIIs would be...

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RBI wants tighter P-note regime

The Reserve Bank of India [Get Quote] (RBI) has suggested stringent conditions for participatory notes (P-notes) that are issued even by registered foreign institutional investors (FIIs).In a note sent to the finance ministry on the eve of the Securities and Exchange Board of India's (Sebi's) board meeting to decide on restrictions for P-notes, the central bank has reiterated its earlier stance of a complete ban on P-notes.If that is not possible immediately, RBI has suggested including two key conditions for issuance of P-notes by FIIs.The first...

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Sebi announces policy on P-Notes

Market regulator Sebi on Thursday announced new rules for foreign investments through financial instruments such as participatory notes, asking FIIs to wind up P-Notes for investing in derivatives within 18 months.Sebi chairman M Damodaram announced the decision after a meeting of the Board, which also approved imposing curbs on P-Notes for investing in spot market. The new norms would come into effect from Friday.In derivatives, foreign institutional investors (FIIs) and their sub-accounts cannot issue fresh P-Notes and will have to wind up their...

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India now $4 trillion economy

India's economy, which swelled close to a trillion dollars last year, is actually worth four trillion dollars when measured in terms of purchasing power parity (PPP) and accounts for 6.3 per cent of the global economy, Finance Minister P Chidambaram said on Wednesday.At market prices GDP has increased from $20 billion in 1950-51 to $912 billion in 2006-07 and is expected to cross a trillion dollars in the current year, he said, delivering a speech 'India's Socio-Economic Agenda: Development with Democracy' at the Norwegian Nobel Institute in Oslo.PPP...

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Markets turn red on profit booking

Opening on an upbeat note on continued buying interest in blue-chip stocks tracking firm global markets, the benchmark BSE Sensex surged over 18,800 points in opening trade. But it retracted sharply on selling pressure amid a bout of volatility. The market breadth was strong.At 11.40 am, the Sensex is down 96.57 points or 0.52% at 18396.27, and the Nifty down 15.30 points or 0.28% at 5458.40.Reliance Energy,surged 5.31% to Rs 1604.The stock surged after chairman Anil Ambani informed media that Reliance Power will be valued nearly two times its...

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Varun Industries - IPO Analysis

NOT A STE(A)L FOR INVESTORSMAX. ISSUE SIZE (Rs) : 39.4 crorePRICE BAND (Rs) : 60 (Fixed)ISSUE OPENS/CLOSES : 25th to 31st October, 2007LISTING : BSE, NSE.Varun Industries is an exporter of stainless steel utensils. Its markets include the Middle East, North America, Europe and Australia. Foreseeing growth in demand in India, the company has set up a stainless steel sheet re-rolling mill at Jodhpur.This will provide a raw material feed of around 60 per cent for its production plant at Thane in Maharashtra, which commenced production recently. IPO...

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Reliance Power IPO awaiting for Sebi nod

Reliance ADA Group today said it is awaiting Securities and Exchange Board of India (Sebi) nod for the initial public offering (IPO) of group company Reliance Power even as some "vested interests" were trying to stall the stake sale plan."A vicious campaign of disinformation (is) underway by vested industrial interests to stall the Reliance Power IPO," a Reliance ADAG spokesperson said in a statement.The official said attempts were being made to engineer motivated litigation and the "campaign was motivated by frustration at the continuing success...

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Reduce Hero Honda, Accumulate Orbit Corporation

Emkay Research has recommended reduce rating on Hero Honda Motors, October 19, 2007 report."Hero Honda has reported net profits of Rs 2043 million, which is ahead of Emkay Research estimation of Rs 1957 million for 2QFY08. The net profits affected by lower other income and higher tax provisions. The other income declined by 34% YoY to Rs 393 million. Also there has been higher provision for tax during the quarter at 32.4% in 2QFY08 as compared to 31.5% in 2QFY07 and 30.7% in 1QFY08.As a result the net profits declined by 5.4% YoY to Rs 2043 million....

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Sell Power Grid, target of Rs 90: CLSA

CLSA has recommended a sell rating on Power Grid Corporation with a target of Rs 90 in the report dated October 20, 2007."In Power Grid, 85% owned by the Government of India, is the largest player in power transmission in India, carrying 45% of the total power generated. While it is a monopoly business, it does not have the pricing power given its regulated returns. The company earns a fixed 14% return on equity.We believe Power Grid does not have much potential upsides like NTPC, which can benefit from coal mining, fly ash sale and merchant power...

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Phenomenal rally? But can this hold on?

Great day for the market which started with a gap up of 300 points and moved further into the green zone with every hour of trade as value buying activity intensified in almost all sectors. The 800+ points rally was seen on speculative reports hich said that SEBI has cleared proposals allowing foreign individual investors to invest on Indian bourses. The minimum net worth a Criterion for a foreign individual investor who intends to invest directly is set at $50 million. But still the confirmation was not there from SEBI. The rise was incredible...

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Bulls strike back; Sensex up 879 points

After a subdued trend in last few sessions, the market staged a solid comeback today. The market rallied sharply, making up for the lost ground, after the Securities and Exchange Board of India (SEBI) clarified its position to foreign fund investors on participatory notes. The bulls were back in action after closing flat yesterday. The Sensex took cues from buoyant international markets and resumed 296 points above its previous close at 17,910 on the back of strong buying in heavyweights, capital goods, oil, and banking stocks. The buoyancy propelled...

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Stocks to accumulate on dips

ABB GMR Infrastructure Supreme Infrastructure India Reliance Energy Gujarat NRE coke Everonn Systems India Reliance communications - Has the potential to touch 1200 in the medium term. Power Finance Corporation Reliance Petroleum Bharat Heavy Electricals (BHEL) Punj Lloyd Power Grid Corporation of India UCO bank Dish TV - Mutual fund accumulating on dips (cannot disclose the name) All these stocks are very strong fundamentally and one should make use of this fall to accumulate these stocks for handsome profits. Buy these stocks...

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Good sector to be in - Banking

Bank on the banking space, say experts. With interest rates going down and the liquidity scene much under control, banks are attracting investor attention.Banking shares posted significant gains on Monday compared with the rest of the market. At 1:15 pm, the BSE Bankex was up nearly one per cent. The index touched a high of 9, 043.57.ICICI Bank rose 2.25 per cent, Union Bank gained 1.59 per cent, Yes Bank climbed 5.19 per cent and State Bank of India was up 0.67 per cent."Increase in comfort levels on the liquidity front has boosted the banking...

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Most Active Scrips

Most Active Stocks : BSE 'A' GroupDate: Oct 22, 2007 COMPANY PRICE (Rs) % CHANGE VOLUME DAY'S HIGH/LOW (Rs) 52-WEEK H/L (Rs) BSE-SENSEX 17,641.24 0.5% - 17,705 / 17,171 19,199 / 12,316 S&P CNX NFTY 5,184.00 -0.6% - 5,247 / 5,071 5,737 / 3,555 POWER GRID CORP. 129.75 -1.4% 15,917,340 134 / 127 0 / 0 REL NATURAL RESOURCE 86.90 -1.1% 15,189,492 89 / 83 106 / 21 REL PETRO 168.05 -0.4% 7,215,252 171 / 161 193 / 56 ISPAT INDS. 25.40 -1.4% 5,691,450 27 / 24 33 / 10...

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