JAN MONTH LOSSERS DONT MISS THE LAST OPPORTUNITY.BECAUSE THIS WEEK MKT VERY IMPORTANT TRADING FEB 7 AND AFTER SO SUBSCRIBE
LOTS OF OTHER INTRA-DAY , BTST CALLS FOR OUR SUBSCRIBER'S ONLY
We may see 5030 – 4950 on Nifty if turn negative again after positive opening. The
best advice FnO traders can get at this point of time is not to indulge in right now since as said earlier confusion is keep the markets choppy and the SL's can get hit on both sides.BE IN CASH
Stock In News
Tata Chemicals limited is planning to sell nearly 14% stake in Tata Investment Corporation (TICL) to Tata Sons for around Rs 300 crore to fund the recent US $1bn acquisition.
Anil Ambani owned ADAG increased its stake in Deccan Aviation to 10.76% from a mere 3% in September.
Marg Ltd, the Real estate and infrastructure company today announced the launch of its massive project comprising two notified SEZs spread over 612 acres near chennai
Hyderabad based steel manufacturer Sujana Metal Products is planning to triple the capacity to 1 million tonnes.
Vijay Shanthi Builders Ltd is planning to invest around Rs 800 crore in various residential projects in and around Chennai.
Hot Pick - Air Deccan
We believe in reports of a US based FII triggered basket selling in the Nifty components, resulting in a unidirectional move in the indices in the noon session. Such a unpredicatble downsides with out events orginate from this kind of selling which creates panic among investors. More rumours started hitting the street with many analysts talking with a bearish tone and huge downside targets. We stick to our midly bullish view though run away rallies are difficult to originate overnight
Central Statistical Organisation pegged the growth in the current fiscal at 8.7%. Meanwhile FM is still confident about 9% economic growth. Govt. spending is key for the economy to counter any slow down in growth. And we expect the spending to increase with infrastructure likely to take the major pie.
Many momentum stocks suffered yesterday due to the swift drift in the indices. Many midcaps are at attractive levels and it is definitely time to shop slowly but surely. Reliance Power IPO refunds started pouring in and we may see the same flooding into the secondary markets.
FIIs were net sellers of Rs8.6bn (provisional) in the cash segment on Thursday. At the same time, local institutions were net buyers of Rs2.31bn. In the F&O segment, they were net sellers of Rs2.67bn. On Wednesday, foreign funds pulled out Rs5.28bn from the cash segment. Mutual Funds were net sellers of Rs2.12bn in the cash segment on Wednesday
News Snippets:
Mcnally Bharat plans to invest Rs2bn over next 15 months for heavy engineering and forging unit in West Bengal.
Nicholas Piramal to sell hypertension device in India manufactured by Israel’s InterCure.
ArcelorMittal applies for iron ore mines in Orissa and Jharkhand.
NTPC forms JV with Bharat Forge for manufacturing castings and forgings for power plants at an investment of Rs30bn.
Ennore Foundries to invest Rs3.5bn for doubling capacity to 220,000tpa by 2010-11.
Sintex Industries plans to invest Rs2bn in pre-fabricated segment.
Reliance Infratel to erect 56,600 towers by 2010.
Ispat Industries to spend US$115mn on African blocks.
Vakrangee Software to invest Rs2bn in setting up digital printing centres in 10 cities by 2010.
Indiabulls Real Estate buys out DLF’s stake in Kenneth Builders.
Kingfisher Airlines plans to float its own dedicated cargo airline through tie-up with foreign company.
ONGC’s helium unit in Tamil Nadu to go on stream soon.
PNB Housing cuts home loan rates by 50bps.
NTPC revises plans to develop wind power project with generation capacity of 100MW from original 50MW.
Tata Chemical plans to raise up to Rs3.25bn by offloading investment in Tata Investment Corp. (TICL) to Tata Sons.
Suzlon Energy’s wholly owned subsidiary, SE Drive Technik Gmbh, forms JV with Re Power Systems AG, Germany.
Reliance Retail plans to set up 1,200 ‘Reliance Wellness’ stores in India at an investment of over Rs30bn in 2-3 years.
George Soros picks up 3% stake in Reliance Entertainment for $100mn.
UTV Toons, animation division of UTV Software to be merged with the UTV Motion Business.
Sujana Metals to invest Rs16bn to treble its capacity to 1mn tons till 2010.
Bharti Airtel and VSNL seek a ‘crisis observance code’ to ensure that operators access each others' infrastructure in crisis situation.
ADAG hikes its stake in Deccan Aviation to 10.76%.
Indiabulls Real Estate picks up stake of DLF in Tehkhand residential project at South India.
Tata Motors officials to meet JLR union unite on Friday to discuss Pension, Job security and other concerns.
Economic NEWS :
Cabinet clears railway line electrification along 801kms network in east Bihar and North East India by 2012.
Union Cabinet approves Rs437bn outlay for national projects under Accelerated Irrigation Benefits Programmes during the 11th Plan
Losses of PSU oil marketing companies double in three years on account of under-recoveries.
SEBI signs agreement with French (AMF) Autorite des Marches Financiers for mutual regulatory understanding and exchange of information.
A parliamentary panel on Petroleum & Natural Gas to discuss the issue of fuel price hike today.
Government plans to increase the corpus of the Rural Infrastructure Development Fund (RIDF) by Rs20bn to Rs140bn.
Government to consider cutting down land requirement of UMPP by up to 40% in a phased manner.
Steel Minister to meet with all intergraded steel producers on Feb 11 to discuss downward revision of prices