Weekly Newsletter

Q2 GDP slows to 8.9% India's economy slowed a little in the second quarter of the current fiscal year due largely to a slowdown in the manufacturing sector, as a series of monetary tightening steps and a steep rise in the rupee started taking some toll on local demand. The GDP grew by 8.9% in the quarter ended September as against the consensus estimates of 8.7%. But, this was lower than the first quarter's expansion of 9.3% and a 10.2% growth in the same quarter last year.The farm sector growth came in at 3.6% as against 2.9% in the same quarter...

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How To Profit When Stocks Advance

How To Profit When Stocks Adva...

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Hold DLF, Kotak outperformer

Emkay puts 'hold' on DLF; target Rs 868Emkay Share and Stock Brokers has recommended ‘hold’ on DLF for a target price of Rs 868.DLF has entered into 50:50 joint venture with Adrian Zech, founder & chairman of Aman Resorts, to acquire controlling interest in Aman Resorts. The deal has been valued at an enterprise value of $400 million, including debt of $150 millionAman Resorts presently operates 22 luxury hotels in 12 countries. It is expected to report revenues of $120 million and an EBITDA of $26 million in 2007. Management expects margins...

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Sensex up 360 pts at 19363; Nifty up 128 pts at 5763

Markets end strong on start of fresh series. Sensex was up 360 pts at 19363 while Nifty was up 128 pts at 5763. CNX Midcap Index was up 3.6% while BSE Small cap Index was up 1.3%. All sectoral indices ended in green and metal, realty gains the most.Markets end strong on start of fresh series. Sensex was up 360 points at 19363 while Nifty was up 128 points at 5763. CNX Midcap Index was up 3.6% while BSE Small cap Index was up 1.3%. All sectoral indices ended in green and metal, realty gains the most. BSE Metals Index was up 5.1%, in which Sterlite...

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8 ways to identify profitable shares

Though investment opportunities abound all the time and in almost all situations, they may not be very easy to identify. A shrewd and discerning investor will usually find opportunities for making money in places, and in situations, where a less discerning one will not. The best investment opportunities are often found in the most unlikely of places and situations. For example, in the beginning of 1994 few could have predicted that the shares of the then relatively unknown company like Infosys Technologies [Get Quote], focusing primarily on Y2K...

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IPO Analysis - Burnpur Cement

CAN BURN A HOLE IN YOUR POCKETMAX.ISSUE SIZE (Rs) : 26 croresPRICE BAND (Rs) : 10 - 12ISSUE OPENS/CLOSES : 28th November 2007 to 3rd December 2007LISTING : BSE, NSE.A mini-cement manufacturer, Burnpur Cement Limited (BCL) has limited presence across the eastern Indian states of Bihar, Jharkhand and West Bengal.At a time, when demand for cement is burgeoning, this company’s capacity utilization stands at a pitiable 29 per cent. IPO funds are now being sought to set-up an integrated clinkerisation and cement grinding plant of 800 TPD capacity expandable...

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Grey Market Premium

Jyothy Lab. 620 to 690 220 to 225Burnpur Cement Ltd. 12 8 to 9eClerx Services 270 to 315 80 to 90BGR Energy 425 to 480 240 to 250Edelweiss 725 to 825 750 to 775Renaissance Jewellery 125 to 150 20 to 25Kolte Patil 125 to 145 75 to 80Kaushalya Infra 50 to 60 12 to 15SVPCL 42 - 3 to...

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More broking IPOs soon

Buoyed by the enthusiastic response to the IPOs of leading broking and investment banking firms, more and more industry players are eyeing the capital market route to raise funds.If market sources are to be believed, about half a dozen players, including established names like Enam Securities, Anand Rathi Securities, Angel Broking and Anagram Stock Broking, are going in for an initial public offering to cash in on the soaring valuations in the stock broking space. Some of these firms, particularly those which have roped in private equity investors,...

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FIIs net sellers of Rs 1,113cr in cash market

Foreign institutional investors (FIIs) were net sellers of Rs 1,112.96 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 5,155.11 crore, gross sales totalled Rs 6,268.07 crore.Domestic institutional investors (DIIs) were net buyers of Rs 606.25 crore today. While DIIs made gross purchases of Rs 1,974.70 crore, gross sales totalled Rs 1,368.45 crore.FIIs were net sellers of Rs 450 crore on Wednesday, November 28, according to data released by Sebi today. While FIIs made gross purchases of Rs 3,268.50...

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Markets settled in green post F&O expiry

The market came sharply off higher level in late trade due to expiry of November 2007 derivatives contracts. Infosys slipped into the red in late trade in contrast to a decent gainers earlier during the day. Bajaj Auto, Ranbaxy, Reliance Energy slipped. ICICI Bank came off higher level. Market breadth turned negative from positive in the last one hour of trade. 16 out of 30 stocks from the Sensex pack were in green.European markets, which opened after Indian market, were mixed. Asian markets, which opened before Indian market, surged after comments...

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What should RPL investors do?

Following the steep fall in the share price of Reliance Petroleum, what should retail investors do? The surge in the stock last month had many retail investors flocking to the counter, even as experts were crying hoarse that the shares were overvalued. After touching a peak of Rs 295 earlier this month, the stock price has been hurtling downhill. The stock is yet to emerge out of the trading ban in the derivatives segment — it had done so for brief while on Monday — players expect some more volatility at the counter.Investors should continue to...

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Chevron to sell RPL stake ?

U.S. petroleum giant Chevron on Monday acknowledged it was evaluating whether to hold on to its stake in Reliance Petroleum following a sharp run-up in the stock and parent company Reliance Industries' sale of 4% of its holdings in its subsidiary.Chevron (nyse: CVX - news - people ) bought a 5% stake in Reliance Petroleum — a vehicle set up by Reliance Industries to build a refinery in the western state of Gujarat — for $300 million in April 2006, with an option to increase its stake to 29% by July 2009. The shares have more than tripled to over...

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Auto stocks surge in a subdued market

The market failed to hold on to its early gains on profit bookings in most of the frontline stocks and the Sensex entered into negative territory by afternoon. Shrugging off the weak Asian markets, the Sensex took a cue from US markets and opened with a positive gap of 189 points. However, sustained selling thereafter pulled the market down with the index plunging deep into the red to touch an intra-day low of 18,884, down 244 points from the last close. The Sensex gyrated over 433 points during the intra-day trades. The Sensex managed to recover...

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Weak close ahead FnO expiry

Markets had a cautious play ahead of the FnO expiry tomorrow where rollover is expected to be smooth. After a decent gap up start market traded ranged till the mid session due to lack of momentum and then slowly lost its grounds on profit booking. Metals, Oil and gas and Power were among major sectors to witness selling pressure, while Auto gained some strength. Buying momentum was high in newly added strips list under FnO trade which kept midcap space in action and outperformed the front liners. Media stocks were also in limelight like PVR, Adlabs...

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New FnO Stocks

1 JINDAL SAW LIMITED JINDALSAW2 KPIT CUMMINS INFOSYSTEMS KPIT3 DEVELOP CREDIT BANK LTD DCB4 HINDUSTAN ZINC LIMITED HINDZINC5 MOTOR INDUSTRIES CO LTD MICO6 INFO EDGE (I) LTD NAUKRI7 NIIT LIMITED NIITLTD8 GREAT OFFSHORE LTD GTOFFSHORE9 WIRE & WIRELESS (I) LTD. WWIL10 REDINGTON (INDIA) LTD. REDINGTON11 NETWORK 18 FINCAP LTD. NETWORK1812 GLOBAL BROADCAST NEWS LTD GBN13 ISPAT INDUSTRIES LIMITED ISPATIND14 HINDUSTAN OIL EXPLORATION HINDOILEXP15 GITANJALI GEMS LIMITED GITANJ...

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80 Trading stategies for forex

Please pour over the 80 currency trading strategy items on the checklist below that the big dogs use. You'll be glad you did. Please pick up on the fact that you only need four tools to trade the forex with, using my approach – "reading bars," MACD divergence, pivot points, and trendline analysis. That's it. Nothing more! Plain and simple. Don't let the naysayers have you believe otherwise. The world is full of "Doubting Thomases" who are everybody's armchair quarterback, but have never made a dime in this business. They "sell shovels." They don't...

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