Nifty (5228) Sup 5180 Res 5290
MRF has inked an MoU with TN govt to set up a new plant and expansion of capacity by 3.50 lakh tyres at an investment of Rs 900 crores.
Expected New F&O List
Akruti ,Adani ,Zee News ,GTL INFRA,RCF ,CONCOR ,GMDC TORRENT PHARMA ,GLENMARK ,DECCAN CHRONICLE , DISH TV ,NOIDA TOLL ,ICSA ,MERCARTOR LINE ,UTV GVK ,UCO ,INDIA BULLS
--------Very soon New F&O List will be out ,so just wait and watch and see bigger Drama in coming days ,weeks ---------
-Watch Blue Channels -BLA-BLA about these stocks-
Again we are First to write and tell Secret to Whole World
BOMBAY DYEING : Target 1500 to 1700 soon
Today's Pick - JK Tyre and Industries
We recommend a buy in JK Tyre and Industries from a short-term perspective. The stock has been on a medium-term uptrend from its 52-week low of Rs 104 (touched on March 24, 2008). During this up move, the stock crossed over the 21- and 50-day moving averages. On May 2, the stock conclusively penetrated the 200-day moving average by surging almost 6 per cent on the session. We notice that there is an increase in volume over the past three trading sessions. The daily momentu m indicator is featuring in the bullish zone. We also note that the daily moving average convergence and divergence is featuring in the positive territory indicating bullishness. Moreover, the medium-term up trendline of the stock is intact. We are bullish on the stock in the short-term and expect it to move up to our price target of Rs 157 in the short-term. Investor with short-term perspective can buy the stock while keeping the stop-loss at Rs 131 level
Corporate News
GTL subsidiary acquires the tower business of Essar group for US$1.5bn.(BS)
ONGC Videsh secures a commitment for a 23% stake in Russia’s Sakhalin III project.(BS)
MRF to invest Rs9bn on a greenfield manufacturing plant in Tamil Nadu.(BS)
MindTree acquires 32.6% stake in Aztecsoft for Rs1.2bn.(BL)
Tata Steel eyeing the iron ore arm of Brazilian miner CSN.(BS)
Real estate developer HDIL gets government approval for Mumbai airport slum rehabilitation programme.(BS)
Vodafone and Idea may set up a separate tower or passive infrastructure company.(ET)
Godrej group exits from BPO business; to sell stake in Godrej Global Solutions to Tricom India for Rs196mn.(TOI)
Ennore Port may float an IPO to raise Rs8bn.(BL)
M&M to sell 3.7% stake to a unit of Goldman Sachs to expand its automobile and tractor business.(BS)
Telecom Malaysia is likely to increase its stake in Spice Communications to 51%.(ET)
Adani Power files DRHP to raise Rs56bn through an IPO.(DNA)
Tata Steel and Essar Steel, amongst others, seek a stake in Krakatau Steel, Indonesia’s state owned producer.(FE)
GMR consortium receives a 20 year license to operate the airport in the Turkish capital.(BS)
ONGC board approves Rs36bn in investments, including Rs 18bn for development of four oil fields in Barmer, Rajasthan.(BS)
Essar Shipping lines up US$800mn to buy 14 ships.(BL)
Elecon Engineering plans acquisitions in Western Europe or the United States.(BS)
Jaiprakash Associates wins a bid to buy 45% stake in Prize Petroleum.(BL)
Escalating steel prices likely to affect 60% of BHEL’s order book.(Mint)
JSW Steel and Ispat announce cut in steel prices in the range of Rs400-Rs700 per ton.(BL)
Ergo Insurance Group of Germany and Hero Group agree to form a life insurance JV in India.(ET)
GE Shipping to invest Rs24bn over next three years to acquire ships and upscale operation of subsidiary company.(BL)
Parsvnath Developers to develop a luxury mall complex in Delhi with an investment of Rs3bn.(DNA)
Income Tax department asks Tatas to pay Rs450mn for Idea stake buy.(ET)
GMR Energy plans to raise Rs40bn through IPO and PE placements.(Mint)
Power Finance Corp. may be allowed to access up to US$5bn foreign exchange reserves through IIFCL.(ET)
Cipla makes unconditional offer to share the know-how of making all 354 essential drugs with the public sector drug manufacturers.(ET)
Supreme Court approves the prospecting license to Tata Steel for mining in Bailadila block in Chattisgarh.(DNA)
IOC asks government to allow autonomy in pricing of petroleum products.(ET)
Tata Motors sales decline 5.8% yoy in April; Eicher Motors April sales increase 16.8%.(FE)
Essar Exploration, a subsidiary of Essar Oil, reschedules drilling campaign in Myanmar.(BL)
DLF is setting up a JV with Italian leather and luggage accessory major Piquadro.(ET)
Air India to hike domestic fares by 10%.(ET)
BG India, part of BG Gas group, to invest US$1bn in oil exploration.(FE)
RCom to sell GSM handsets in the existing eight circles of Reliance Telecom.(ET)
Reliance Big Entertainment in talks with private equity funds for a divestment of 10% equity.(ET)
Economic News
TRAI issues a consultation paper on allocation and pricing of 3G spectrum.(BS)
Annual crude oil imports increase 9.1% yoy in the fiscal year ended March 2008.(FE)
India targets FDI investments worth US$35bn in 2008-09.(BS)
Thirteen PPP projects worth Rs79bn for various infrastructure segments receive government approval.(ET)
India close to clinching a free trade deal with Southeast Asian nations according to Trade Minister.(FE)
Government is expected to announce a new policy for investments in the fertilizer sector.(BL)
Government to import more cement from Pakistan.(ET)
Processed food industry to attract investments worth Rs950bn in the next three years.(FE)
Government may exempt cold rolled coils, galvanized products and tubes & pipes from the levy of 10% export duty if such products are exported against imported of semi-finished steel. (ET)
The Government may suspend trading in some more food futures to reign in spiraling prices.
JGS Investments is a home of expert stockmarket analysts, and premier source for technical analysts research and information on Indian Stock Markets.Just join us at Yahoo Messenger sheth_jg@yahoo.com OR Email at sheth_jg@yahoo.com
Monday, May 5, 2008
Wednesday, April 30, 2008
Save your investment by subscribe our services
Our, AGNI MISSILE Call of INDIABULLS SECURITY , up almost 50% , till then, we recommend it you. Just Two Weeks Back It Was 90 and Now It's 144 , Oh God. So, How Much u Earn in that.
2) Our Client's Special BTST Call of JAIPRAKASH ASSOCIATES flared like anything and hit 268 Mark, Call Sent at 250 Level on MONDAY.
3) Our Other's CALLS AIR DECCAN and BOMBAY DYING also flared reasonably.
Now corrections 1200 points up or down ??
Save your investment by subscribe our services
Today, Watch Explosion in
TATA SPONGE
Ask Why ?
Today, Just Saw it's LATEST RESULT
in BSE India, And After that SOLUTE US
Can't Write More ??
Buy Around, 295 to 296 target for clients
Scrap of import duty on zinc is perceived as negative for Hindustan Zinc, the only integrated zinc producer in the country.
Today's Pick - Hindustan Zinc
We recommend a sell in Hindustan Zinc from a short-term perspective. It is visible from the charts of Hindustan Zinc that it has been on a long-term downtrend, since its 52-week high of Rs 969 marked in October 2007. However, in early April 2008, the stock found support at around Rs 500 level and then it went through a short-term corrective rally. We see that the stock’s corrective rally has encountered twin resistance at around Rs 690 levels (a key resistance as wel l as the long-term down trendline that coincides around this level) on April 29 and reversed direction, forming a bearish engulfing pattern near the resistance level. The daily momentum indicator has begun to decline after touching the overbought territory in recent times. Moreover, the long-term down trendline of the stock is still in place. We are bearish on the stock in the short-term. We expect the stock’s long-term downtrend to prolong to our target price level of Rs 580 in the upcoming trading sessions. Investor with short-term perspective can sell the stock while keeping the stop-loss at Rs 708 level.
We expect Realty to continue its uptrend as they corrected a lot this year. We see other realty stocks like Parsvnath, Gammon, IVRCL and GMR to join the bandwagon soon
2) Our Client's Special BTST Call of JAIPRAKASH ASSOCIATES flared like anything and hit 268 Mark, Call Sent at 250 Level on MONDAY.
3) Our Other's CALLS AIR DECCAN and BOMBAY DYING also flared reasonably.
Now corrections 1200 points up or down ??
Save your investment by subscribe our services
Today, Watch Explosion in
TATA SPONGE
Ask Why ?
Today, Just Saw it's LATEST RESULT
in BSE India, And After that SOLUTE US
Can't Write More ??
Buy Around, 295 to 296 target for clients
Scrap of import duty on zinc is perceived as negative for Hindustan Zinc, the only integrated zinc producer in the country.
Today's Pick - Hindustan Zinc
We recommend a sell in Hindustan Zinc from a short-term perspective. It is visible from the charts of Hindustan Zinc that it has been on a long-term downtrend, since its 52-week high of Rs 969 marked in October 2007. However, in early April 2008, the stock found support at around Rs 500 level and then it went through a short-term corrective rally. We see that the stock’s corrective rally has encountered twin resistance at around Rs 690 levels (a key resistance as wel l as the long-term down trendline that coincides around this level) on April 29 and reversed direction, forming a bearish engulfing pattern near the resistance level. The daily momentum indicator has begun to decline after touching the overbought territory in recent times. Moreover, the long-term down trendline of the stock is still in place. We are bearish on the stock in the short-term. We expect the stock’s long-term downtrend to prolong to our target price level of Rs 580 in the upcoming trading sessions. Investor with short-term perspective can sell the stock while keeping the stop-loss at Rs 708 level.
We expect Realty to continue its uptrend as they corrected a lot this year. We see other realty stocks like Parsvnath, Gammon, IVRCL and GMR to join the bandwagon soon
Tuesday, April 29, 2008
Outcome of RBI policy review to set direction
Stock market positive but be careful after......??
Telecom stocks may see action
Reliance Communications said on Monday, 28 April 2008 it would offer unlimited national long distance calls within its network for a fixed rental with immediate effect. Earlier yesterday, sector leader Bharti Airtel slashed long distance and roaming tariffs by 43% effective 30 April 2008.
Dwarikesh Sugar, Kernex Microsystems and Logix Microsystems will be placed in the Trade-to-Trade segment from 5 May 2008.
Indian Oil Corporation is planning to raise Rs 80,000 crore to reportedly fund a major acquisition in the exploration and production (E&P) sector.
Reliance Energy has changed its name to Reliance Infrastructure effective 28 April 2008.
Net profit of Hindustan Unilever declined 3.04% to Rs 380.95 crore on 19.14% rise in sales to Rs 3793.94 crore in Q1 March 2008 Q1 March 2007. The board of the company has approved to change the financial year to April-March; annual accounts this year will be for 15 months ended March.
Net profit of State Trading Corporation of India rose 125.04% to Rs 44.67 crore on 14.28% rise in sales to Rs 4255.98 crore in Q4 March 2008 over Q4 March 2007.
Titagarh Wagons reported net profit of Rs 60.57 crore in the year ended March 2008. Sales reported to Rs 559.64 crore in the year ended March 2008.
Net profit of Finolex Cables rose 13.14% to Rs 9.99 crore on 44.83% increase in sales to Rs 423.21 crore in Q4 March 2008 Q4 March 2007.
Net profit of Celestial Labs rose 222.78% to Rs 2.55 crore on 56.33% rise in sales to Rs 4.94 crore in Q4 March 2008 Q4 March 2007.
The outcome of the decision of the Reserve Bank of India (RBI)’s annual policy review at 12:00 IST will set direction for the bourses which have witnessed a solid rebound over the past few days on the back of good Q4 March 2008 results and on the back of firm global markets. Given the high inflation, the central bank may hike key rates.
It its latest report on macroeconomic and monetary developments in 2007/08 released on Monday, 28 April 2008, RBI has said that the global food prices were likely to remain firm as supply side pressures did not appear to be abating. The central bank said steps takes by the government to rein in prices should help curb inflation. It, however, said the inflation risks on account of oil prices remain incipient.
RBI has noted that freely priced fuel items such as naphtha had increased substantially since February 2007 alongside rising global oil prices, while prices of petrol and diesel, which are government-controlled, had partially adjusted. But prices of kerosene and cooking gas had not been raised by the government for several years.
RBI felt there were some demand-side pressures. Domestic iron and steel prices saw a sharp increase in line with recent hardening in international steel prices, it said, while cement price rises could be attributed largely to strong demand from construction domestically
A survey of professional forecasters by the central bank showed that the Indian economy is expected to grow 8.1% in the 2008/09 fiscal year that began this month. In 2007/08, the gross domestic product is estimated to have grown 8.7%.
A cause for concern is the fall in business confidence index. A survey of 392 companies by Federation of Indian Chambers of Commerce and Industry (FICCI), showed that concerns about an economic slowdown, inflation and rising costs hurt business confidence of Indian firms during October-December 2007 period. The FICCI business confidence index declined to a new five-year low of 55.3 points in the third quarter of 2007/08, from 61.2 in the previous quarter.
On the flip side, a pointer to the fact that the long term India growth story remains intact is the outcome of the latest 2008 US-India Business Council (USIBC) survey, according to which, India is, and will continue to be, a premier destination for investment by US firms, with a large number of respondents rating future economic growth in India as highly sustainable.
The initial batch of Q4 March 2008 results have been good with the exception of Tata Consultancy Services (TCS).
Meanwhile, the Lok Sabha is slated to pass the Finance Bill 2008-09 today, 29 April 2008.
The two-day US Federal Reserve policy meeting ends on Wednesday, 30 April 2008. The market expects the Fed to cut interest rates by 25 basis points to 2% and then signal that its rate-cutting cycle may be over for now in the face of mounting global energy and food inflation pressure.
As per provisional data, FIIs sold shares worth a net Rs 38.33 crore on Monday, 28 April 2008. Domestic funds sold shares worth a net Rs 166.61 crore on Monday.
FIIs were net buyers of Rs 455.13 crore in the futures & options segment on Monday. According to data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 214.86 crore and bought index options worth Rs 137.14 crore. They were net buyers of stock futures to the tune of Rs 24.42 crore and bought stock options worth Rs 78.72 crore
US stocks ended flat on Monday, 28 April 2008, as a $23 billion takeover of Wm Wrigley Jr Co, the world's largest chewing gum maker, by Mars Inc, the maker of M&Ms candy, helped offset downbeat comments by influential investor Warren Buffett about the economy. Buffett said US could be mired in a longer and deeper recession than most people think.
Asian stocks were mixed today. Key benchmark indices in Hong Kong and China were up by between 1.36% to 1.39%. Key benchmark indices in Singapore, Taiwan and South Korea were down by between 0.6% to 0.7%. Japanese markets were closed for a national holiday.
Net profit of Shiv-Vani Oil & Gas Exploration Services rose 109.25% to Rs 19.23 crore on 118.42% rise in sales to Rs 137.19 crore in Q4 March 2008 over March 2007.
Aban Offshore, Cairn India, Grasim, IFCI, Nagarjuna Fertilisers & Chemicals, Nalco, Reliance Capital, Alstom Projects, Bang Overseas, Bartronics India, Bharati Shipyard, Bhushan Steel, Bosch Chassis, Castrol India, Ceat, Gujarat Ambuja Exports, Maharashtra Seamless, Mirc Electronics, Nestle India, Raymond, SEAMEC, Bank Of Rajasthan, UTV Software, and Vishal Retail, among others will declare their March 2008 ended results today.
Telecom stocks may see action
Reliance Communications said on Monday, 28 April 2008 it would offer unlimited national long distance calls within its network for a fixed rental with immediate effect. Earlier yesterday, sector leader Bharti Airtel slashed long distance and roaming tariffs by 43% effective 30 April 2008.
Dwarikesh Sugar, Kernex Microsystems and Logix Microsystems will be placed in the Trade-to-Trade segment from 5 May 2008.
Indian Oil Corporation is planning to raise Rs 80,000 crore to reportedly fund a major acquisition in the exploration and production (E&P) sector.
Reliance Energy has changed its name to Reliance Infrastructure effective 28 April 2008.
Net profit of Hindustan Unilever declined 3.04% to Rs 380.95 crore on 19.14% rise in sales to Rs 3793.94 crore in Q1 March 2008 Q1 March 2007. The board of the company has approved to change the financial year to April-March; annual accounts this year will be for 15 months ended March.
Net profit of State Trading Corporation of India rose 125.04% to Rs 44.67 crore on 14.28% rise in sales to Rs 4255.98 crore in Q4 March 2008 over Q4 March 2007.
Titagarh Wagons reported net profit of Rs 60.57 crore in the year ended March 2008. Sales reported to Rs 559.64 crore in the year ended March 2008.
Net profit of Finolex Cables rose 13.14% to Rs 9.99 crore on 44.83% increase in sales to Rs 423.21 crore in Q4 March 2008 Q4 March 2007.
Net profit of Celestial Labs rose 222.78% to Rs 2.55 crore on 56.33% rise in sales to Rs 4.94 crore in Q4 March 2008 Q4 March 2007.
The outcome of the decision of the Reserve Bank of India (RBI)’s annual policy review at 12:00 IST will set direction for the bourses which have witnessed a solid rebound over the past few days on the back of good Q4 March 2008 results and on the back of firm global markets. Given the high inflation, the central bank may hike key rates.
It its latest report on macroeconomic and monetary developments in 2007/08 released on Monday, 28 April 2008, RBI has said that the global food prices were likely to remain firm as supply side pressures did not appear to be abating. The central bank said steps takes by the government to rein in prices should help curb inflation. It, however, said the inflation risks on account of oil prices remain incipient.
RBI has noted that freely priced fuel items such as naphtha had increased substantially since February 2007 alongside rising global oil prices, while prices of petrol and diesel, which are government-controlled, had partially adjusted. But prices of kerosene and cooking gas had not been raised by the government for several years.
RBI felt there were some demand-side pressures. Domestic iron and steel prices saw a sharp increase in line with recent hardening in international steel prices, it said, while cement price rises could be attributed largely to strong demand from construction domestically
A survey of professional forecasters by the central bank showed that the Indian economy is expected to grow 8.1% in the 2008/09 fiscal year that began this month. In 2007/08, the gross domestic product is estimated to have grown 8.7%.
A cause for concern is the fall in business confidence index. A survey of 392 companies by Federation of Indian Chambers of Commerce and Industry (FICCI), showed that concerns about an economic slowdown, inflation and rising costs hurt business confidence of Indian firms during October-December 2007 period. The FICCI business confidence index declined to a new five-year low of 55.3 points in the third quarter of 2007/08, from 61.2 in the previous quarter.
On the flip side, a pointer to the fact that the long term India growth story remains intact is the outcome of the latest 2008 US-India Business Council (USIBC) survey, according to which, India is, and will continue to be, a premier destination for investment by US firms, with a large number of respondents rating future economic growth in India as highly sustainable.
The initial batch of Q4 March 2008 results have been good with the exception of Tata Consultancy Services (TCS).
Meanwhile, the Lok Sabha is slated to pass the Finance Bill 2008-09 today, 29 April 2008.
The two-day US Federal Reserve policy meeting ends on Wednesday, 30 April 2008. The market expects the Fed to cut interest rates by 25 basis points to 2% and then signal that its rate-cutting cycle may be over for now in the face of mounting global energy and food inflation pressure.
As per provisional data, FIIs sold shares worth a net Rs 38.33 crore on Monday, 28 April 2008. Domestic funds sold shares worth a net Rs 166.61 crore on Monday.
FIIs were net buyers of Rs 455.13 crore in the futures & options segment on Monday. According to data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 214.86 crore and bought index options worth Rs 137.14 crore. They were net buyers of stock futures to the tune of Rs 24.42 crore and bought stock options worth Rs 78.72 crore
US stocks ended flat on Monday, 28 April 2008, as a $23 billion takeover of Wm Wrigley Jr Co, the world's largest chewing gum maker, by Mars Inc, the maker of M&Ms candy, helped offset downbeat comments by influential investor Warren Buffett about the economy. Buffett said US could be mired in a longer and deeper recession than most people think.
Asian stocks were mixed today. Key benchmark indices in Hong Kong and China were up by between 1.36% to 1.39%. Key benchmark indices in Singapore, Taiwan and South Korea were down by between 0.6% to 0.7%. Japanese markets were closed for a national holiday.
Net profit of Shiv-Vani Oil & Gas Exploration Services rose 109.25% to Rs 19.23 crore on 118.42% rise in sales to Rs 137.19 crore in Q4 March 2008 over March 2007.
Aban Offshore, Cairn India, Grasim, IFCI, Nagarjuna Fertilisers & Chemicals, Nalco, Reliance Capital, Alstom Projects, Bang Overseas, Bartronics India, Bharati Shipyard, Bhushan Steel, Bosch Chassis, Castrol India, Ceat, Gujarat Ambuja Exports, Maharashtra Seamless, Mirc Electronics, Nestle India, Raymond, SEAMEC, Bank Of Rajasthan, UTV Software, and Vishal Retail, among others will declare their March 2008 ended results today.
Monday, April 28, 2008
Hunting bulls hope to remain safe!
BUY FOT TODAY - RPOWER,BPCL,INFOSYS,BOI,.......
Reliance Power has fixed Book Closure from 3rd June to 5th June for issue of Bonus Shares. The Share would go ex-bonus in the last week of May
Results today:
Akruti City, Hexaware Technologies, Hindustan Unilever, IDFC, IOB, Reliance Energy, Reliance Natural Resources, Reliance Power,Sesa Goa, Wockhardt, Bata, CESC, Glenmark, Welspun Guj, Alok Ind.
FIIs were net buyers to the tune of Rs3.13bn (provisional) in the cash segment on Friday while local institutions were net sellers of Rs754.7mn. In the F&O segment, foreign funds were net buyers of Rs12.23bn
Bulls look to extend gains
After Thursday’s decline, bulls made a strong come back on Friday a strong close in the US market and a firm start in equity markets across Asia lifted the sentiment on Indian bourses. The sentiment further improved after telecom major Bharti Airtel beat the street estimates.
Bulls shrugged off the spike in the inflation figures lifting the Nifty index above the 5100 mark and the Sensex index above the 17k mark. India’s Inflation rate was at 7.33% for the week ended April 12 as compared to 7.14% last week.
Finally, the BSE benchmark Sensex ended 404 points higher to close at 17,125 and the Nifty index ended 111 points higher to 5,111.
Overall about 1,253 stocks advanced; 1,454 stocks declined while 56 stocks remained unchanged. Among the 50-Nifty 39 stocks ended in green and 11 stocks ended in red.
RCom surged by over 8% to Rs577 following reports stating that the company bought 90% stake in UK-based WiMax operator, eWave World. The scrip touched an intra-day high of Rs580 and a low of Rs533 and recorded volumes of over 37,00,000 shares on BSE.
Bharti Airtel rocketed to Rs925 by gaining over 9.5% after the company announced its Q4 net profit at Rs18.53 (up 39%) and net sales rose by 45% to Rs78.19. The scrip touched an intra-day high of Rs941 and a low of Rs845 and recorded volumes of over 23,00 000 shares on BSE.
Reliance Industries was up by over a percent to Rs2624 after reports said that the company received government approval to start drilling at an oil & gas field that it found in 2006. The scrip touched an intra-day high of Rs2633 and a low of Rs2561 and recorded volumes of over 7, 90, 000 shares on BSE.
Hindustan Zinc gained by over 5.5% to Rs669 as reports stated that it would set-up two smelters for Rs36bn. The scrip touched an intra-day high of Rs674 and a low of Rs642 and recorded volumes of over 1,30,000 shares on BSE.
HCC slipped by 4.5% to Rs125. The company posted a net profit after tax of Rs1087.7mn for the year ended March 31, 2008 up 37% and total income increased 30% to Rs31207.5mn for the year ended March 31, 2008. The scrip touched an intra-day high of Rs134 and a low of Rs121 and recorded volumes of over 15,00,000 shares on BSE.
ABB edged lower by 0.8% to Rs1170. The company announced Q1 result with net profit at Rs1.18bn (up 37%) and revenues at Rs15.5bn (up 16.5%). The scrip touched an intra-day high of Rs1207 and a low of Rs1145 and recorded volumes of over 1,00,000 shares on BSE.
EID Parry rallied by over 18% to Rs255 after reports stated that the company would sell 47% stake in Parryware for Rs7.25bn. The scrip touched an intra-day high of Rs258 and a low of Rs213 and recorded volumes of over 7,00,000 shares on BSE.
Tata Motors ended flat at Rs639. According to reports, the company is in the process of entering into a technology tie-up with a Japanese government agency to covert its generators to dual fuel systems. The scrip touched an intra-day high of Rs648 and a low of Rs635 and recorded volumes of over 1,00,000 shares on BSE.
With a strong start to the May series, on Monday bulls would look to extend gains. However, with indices approaching the 200 DMA it markets would face some resistance.
Corporate News
Jindal Steel & Power proposed 2mn ton steel plant in Bolivia will start production in 2011.(BS)
NMDC plans to set up a 3mn ton steel plant on its own in Chattisgarh; JV partner SAIL opts out.(BL)
DLF to invest Rs13bn to expand multiplex business.(BS)
Government approves an oil and gas development plan of Reliance Industries in its D6 block off the east coast.(FE)
Hero Honda plans to enter the retail finance market.(ET)
SAIL to hold prices at present levels without levying raw material surcharge imposed by other producers.(BL)
Indian Oil is re-looking its plans to acquire an overseas exploration company as oil & gas assets get dearer.(BS)
Iron ore exporter Sesa Goa to consider stock split and bonus share issue at its board meeting on April 28.(FE)
ICICI Bank makes additional provisions of US$45mn for mark to market losses on its credit derivative obligations and credit-linked note portfolio in February and March 2008.(BS)
INOX plans to increase its properties to 67 from 22 by 2010 with an investment of Rs5bn. (ET)
Reliance Industries set to acquire a majority stake in an oil block in Peru.(BL)
Hinduja Group to invest US$10bn in various power projects across India in the next 10 years. (TOI)
United Bank of India has decided to submit a fresh proposal for restructuring its Rs15.3bn capital in the next two months. (DNA)
Coal blocks lying unused with Coal India to be auctioned off to steel and cement companies.(BL)
HDFC Bank makes a provision of Rs1bn on currency derivative trades.(FE)
Nalco to invest US$1bn to put up smelters and a power plant in Iran.(DNA)
Biocon to set up its own R&D subsidiary arm in the current fiscal.(Mint)
Cairn India has managed to extract 200mn barrels of oil from Andhra reserves which were estimated at 101 mn barrels.(ET)
Essar E&P, a subsidiary of Essar Oil, has bid for two shallow water offshore blocks in Australia.(BL)
Reliance Communication to invest Rs10bn on international data centres in the country.(BS)
Hinduja group-ONGC Videsh combine has won approval of Iran for taking stakes in the oil & gas fields in the Persian Gulf.(ET)
Indian Oil’s Rs250bn Paradip refinery could be delayed due to escalating costs.(DNA)
Pyramid Saimira is looking at raising Rs15-18bn by listing its film production business.(ET)
Government allocates 2MHz additional spectrum to Bharti Airtel in Tamil Nadu.(Mint)
ICICI Bank has applied for a license to set up a non-banking finance company.(ET)
Satyam plans to set up its first offshore development centre in Gujarat.(BS)
Wipro has started offering legal process outsourcing services. (ET)
Reliance Industries plans to set up agri goods terminals in nine cities with an initial investment of Rs10bn.(FE)
Kuwait’s Zain and UAE’s Emirates Telecommunications Corp. join South Africa’s MTN and Russia’s Altimo in the race to acquire 25-30% stake in Unitech’s new telecom venture.(ET)
Hindujas may acquire majority stake in French firm Valeo. (TOI)
Economic News
SEBI allows mutual funds to invest in real estate.(BS)
TRAI recommends raising the foreign investment limit in news channels and FM radio to 49%.(FE)
RBI may relax asset classification norms for infrastructure loans to push lending for the sector.(BS)
TRAI recommends a hike in the foreign direct investment limit to 74% in key broadcast services.(BL)
Government may go for complete decontrol of sugar by scrapping all curbs in one go, instead of the earlier plan for phased decontrol.(ET)
Government says that fixed-line telephony will be exempted from licence fee.(ET)
TRAI suggests to DoT that only existing mobile and universal access service license holders (2G) should be allowed to bid for 3G services.(TOI)
FMCG prices increase 10% on higher input costs.(BS)
Government is finalizing a system to prevent generic versions drugs from getting marketing nods for patented drugs.(ET)
Television prices may rise by 12% on the Government’s decision to levy an anti-dumping duty on imported colour picture tubes. (ET)
Government is set to remove import duty on pig iron, mild steel, met coke; to levy 10% export duty on bars, rods, HR coils, CR coils, galvanized steel products, pipes and tubes.(ET)
IRDA has sought a five year freeze on service tax to be charged on life insurance companies who offer Ulips.(ET)
Government wants private steel companies to voluntarily reduce prices to pre-April levels or face stringent fiscal or policy measures
Reliance Power has fixed Book Closure from 3rd June to 5th June for issue of Bonus Shares. The Share would go ex-bonus in the last week of May
Results today:
Akruti City, Hexaware Technologies, Hindustan Unilever, IDFC, IOB, Reliance Energy, Reliance Natural Resources, Reliance Power,Sesa Goa, Wockhardt, Bata, CESC, Glenmark, Welspun Guj, Alok Ind.
FIIs were net buyers to the tune of Rs3.13bn (provisional) in the cash segment on Friday while local institutions were net sellers of Rs754.7mn. In the F&O segment, foreign funds were net buyers of Rs12.23bn
Bulls look to extend gains
After Thursday’s decline, bulls made a strong come back on Friday a strong close in the US market and a firm start in equity markets across Asia lifted the sentiment on Indian bourses. The sentiment further improved after telecom major Bharti Airtel beat the street estimates.
Bulls shrugged off the spike in the inflation figures lifting the Nifty index above the 5100 mark and the Sensex index above the 17k mark. India’s Inflation rate was at 7.33% for the week ended April 12 as compared to 7.14% last week.
Finally, the BSE benchmark Sensex ended 404 points higher to close at 17,125 and the Nifty index ended 111 points higher to 5,111.
Overall about 1,253 stocks advanced; 1,454 stocks declined while 56 stocks remained unchanged. Among the 50-Nifty 39 stocks ended in green and 11 stocks ended in red.
RCom surged by over 8% to Rs577 following reports stating that the company bought 90% stake in UK-based WiMax operator, eWave World. The scrip touched an intra-day high of Rs580 and a low of Rs533 and recorded volumes of over 37,00,000 shares on BSE.
Bharti Airtel rocketed to Rs925 by gaining over 9.5% after the company announced its Q4 net profit at Rs18.53 (up 39%) and net sales rose by 45% to Rs78.19. The scrip touched an intra-day high of Rs941 and a low of Rs845 and recorded volumes of over 23,00 000 shares on BSE.
Reliance Industries was up by over a percent to Rs2624 after reports said that the company received government approval to start drilling at an oil & gas field that it found in 2006. The scrip touched an intra-day high of Rs2633 and a low of Rs2561 and recorded volumes of over 7, 90, 000 shares on BSE.
Hindustan Zinc gained by over 5.5% to Rs669 as reports stated that it would set-up two smelters for Rs36bn. The scrip touched an intra-day high of Rs674 and a low of Rs642 and recorded volumes of over 1,30,000 shares on BSE.
HCC slipped by 4.5% to Rs125. The company posted a net profit after tax of Rs1087.7mn for the year ended March 31, 2008 up 37% and total income increased 30% to Rs31207.5mn for the year ended March 31, 2008. The scrip touched an intra-day high of Rs134 and a low of Rs121 and recorded volumes of over 15,00,000 shares on BSE.
ABB edged lower by 0.8% to Rs1170. The company announced Q1 result with net profit at Rs1.18bn (up 37%) and revenues at Rs15.5bn (up 16.5%). The scrip touched an intra-day high of Rs1207 and a low of Rs1145 and recorded volumes of over 1,00,000 shares on BSE.
EID Parry rallied by over 18% to Rs255 after reports stated that the company would sell 47% stake in Parryware for Rs7.25bn. The scrip touched an intra-day high of Rs258 and a low of Rs213 and recorded volumes of over 7,00,000 shares on BSE.
Tata Motors ended flat at Rs639. According to reports, the company is in the process of entering into a technology tie-up with a Japanese government agency to covert its generators to dual fuel systems. The scrip touched an intra-day high of Rs648 and a low of Rs635 and recorded volumes of over 1,00,000 shares on BSE.
With a strong start to the May series, on Monday bulls would look to extend gains. However, with indices approaching the 200 DMA it markets would face some resistance.
Corporate News
Jindal Steel & Power proposed 2mn ton steel plant in Bolivia will start production in 2011.(BS)
NMDC plans to set up a 3mn ton steel plant on its own in Chattisgarh; JV partner SAIL opts out.(BL)
DLF to invest Rs13bn to expand multiplex business.(BS)
Government approves an oil and gas development plan of Reliance Industries in its D6 block off the east coast.(FE)
Hero Honda plans to enter the retail finance market.(ET)
SAIL to hold prices at present levels without levying raw material surcharge imposed by other producers.(BL)
Indian Oil is re-looking its plans to acquire an overseas exploration company as oil & gas assets get dearer.(BS)
Iron ore exporter Sesa Goa to consider stock split and bonus share issue at its board meeting on April 28.(FE)
ICICI Bank makes additional provisions of US$45mn for mark to market losses on its credit derivative obligations and credit-linked note portfolio in February and March 2008.(BS)
INOX plans to increase its properties to 67 from 22 by 2010 with an investment of Rs5bn. (ET)
Reliance Industries set to acquire a majority stake in an oil block in Peru.(BL)
Hinduja Group to invest US$10bn in various power projects across India in the next 10 years. (TOI)
United Bank of India has decided to submit a fresh proposal for restructuring its Rs15.3bn capital in the next two months. (DNA)
Coal blocks lying unused with Coal India to be auctioned off to steel and cement companies.(BL)
HDFC Bank makes a provision of Rs1bn on currency derivative trades.(FE)
Nalco to invest US$1bn to put up smelters and a power plant in Iran.(DNA)
Biocon to set up its own R&D subsidiary arm in the current fiscal.(Mint)
Cairn India has managed to extract 200mn barrels of oil from Andhra reserves which were estimated at 101 mn barrels.(ET)
Essar E&P, a subsidiary of Essar Oil, has bid for two shallow water offshore blocks in Australia.(BL)
Reliance Communication to invest Rs10bn on international data centres in the country.(BS)
Hinduja group-ONGC Videsh combine has won approval of Iran for taking stakes in the oil & gas fields in the Persian Gulf.(ET)
Indian Oil’s Rs250bn Paradip refinery could be delayed due to escalating costs.(DNA)
Pyramid Saimira is looking at raising Rs15-18bn by listing its film production business.(ET)
Government allocates 2MHz additional spectrum to Bharti Airtel in Tamil Nadu.(Mint)
ICICI Bank has applied for a license to set up a non-banking finance company.(ET)
Satyam plans to set up its first offshore development centre in Gujarat.(BS)
Wipro has started offering legal process outsourcing services. (ET)
Reliance Industries plans to set up agri goods terminals in nine cities with an initial investment of Rs10bn.(FE)
Kuwait’s Zain and UAE’s Emirates Telecommunications Corp. join South Africa’s MTN and Russia’s Altimo in the race to acquire 25-30% stake in Unitech’s new telecom venture.(ET)
Hindujas may acquire majority stake in French firm Valeo. (TOI)
Economic News
SEBI allows mutual funds to invest in real estate.(BS)
TRAI recommends raising the foreign investment limit in news channels and FM radio to 49%.(FE)
RBI may relax asset classification norms for infrastructure loans to push lending for the sector.(BS)
TRAI recommends a hike in the foreign direct investment limit to 74% in key broadcast services.(BL)
Government may go for complete decontrol of sugar by scrapping all curbs in one go, instead of the earlier plan for phased decontrol.(ET)
Government says that fixed-line telephony will be exempted from licence fee.(ET)
TRAI suggests to DoT that only existing mobile and universal access service license holders (2G) should be allowed to bid for 3G services.(TOI)
FMCG prices increase 10% on higher input costs.(BS)
Government is finalizing a system to prevent generic versions drugs from getting marketing nods for patented drugs.(ET)
Television prices may rise by 12% on the Government’s decision to levy an anti-dumping duty on imported colour picture tubes. (ET)
Government is set to remove import duty on pig iron, mild steel, met coke; to levy 10% export duty on bars, rods, HR coils, CR coils, galvanized steel products, pipes and tubes.(ET)
IRDA has sought a five year freeze on service tax to be charged on life insurance companies who offer Ulips.(ET)
Government wants private steel companies to voluntarily reduce prices to pre-April levels or face stringent fiscal or policy measures
Saturday, April 26, 2008
Subscirbe and be the 1st one to get benefited by insider news
The Reliance Power stock closed above Rs 400-mark on the BSE for the first time since March 3, 2008, as the company announced the record date for the bonus issue. Reliance Power today announced the date of closure of its register of members from June 3 to June 5 for the purpose of determining the entitlement of shareholders to the bonus shares to be issued by the company.
After hitting intra-day high of Rs 404.65, the stock closed at Rs 402.15. Trading volumes too surged to 51.25-lakh shares against its two-week average of 27.16-lakh shares. The stock has recovered about 32 per cent, since it touched its low at Rs 303.45 on March 24. On the NSE, the stock witnessed a trading volume of 82.05-lakh shares, of which 25.75 per cent was presented for delivery.
The company will issue bonus shares to all shareholders, excluding the promoters (AAA Project Ventures Pvt Ltd, an entity fully-owned and controlled by Mr Anil D Ambani and also the promoter of Reliance Energy Ltd and REL itself), in the ratio of three shares of Rs 10 each for every five held. The bonus shares would reduce the cost for retail investors, who bought it at the IPO price of Rs 430 a share to Rs 268.75 each. For the institutional investors, who bought at Rs 450 a share at the primary offering, the cost would come down to Rs 281 each.
The bonus shares will be issued to those shareholders whose names appear in the register as on June 2.
The total paid-up equity would increase to Rs 239.7 crore. After the close of the IPO on January 18, the stock got listed on February 11, but had closed below the IPO prices.
Reliance Power has taken up a number projects with a total capacity of over 28,000 MW, but the first revenue flow from its operations would start from March 2010
After hitting intra-day high of Rs 404.65, the stock closed at Rs 402.15. Trading volumes too surged to 51.25-lakh shares against its two-week average of 27.16-lakh shares. The stock has recovered about 32 per cent, since it touched its low at Rs 303.45 on March 24. On the NSE, the stock witnessed a trading volume of 82.05-lakh shares, of which 25.75 per cent was presented for delivery.
The company will issue bonus shares to all shareholders, excluding the promoters (AAA Project Ventures Pvt Ltd, an entity fully-owned and controlled by Mr Anil D Ambani and also the promoter of Reliance Energy Ltd and REL itself), in the ratio of three shares of Rs 10 each for every five held. The bonus shares would reduce the cost for retail investors, who bought it at the IPO price of Rs 430 a share to Rs 268.75 each. For the institutional investors, who bought at Rs 450 a share at the primary offering, the cost would come down to Rs 281 each.
The bonus shares will be issued to those shareholders whose names appear in the register as on June 2.
The total paid-up equity would increase to Rs 239.7 crore. After the close of the IPO on January 18, the stock got listed on February 11, but had closed below the IPO prices.
Reliance Power has taken up a number projects with a total capacity of over 28,000 MW, but the first revenue flow from its operations would start from March 2010
Friday, April 25, 2008
Positive global cues, healthy rollovers may trigger early rally
Subscribe to get calls on mobile and messenger and get benefit
Today views log to
http://www.freewebs.com/jgs-investments/marketwhisper.htm
Today views log to
http://www.freewebs.com/jgs-investments/marketwhisper.htm
Thursday, April 24, 2008
Save your investment by subscribe our services
April 2008 derivatives expiry to keep markets volatile
Keep eyes on Mrpl,Ashok Leyland, Castrol
Sell Ranbaxy..............
Buy GUJ NRE, WEL GUJ ..........
Alert--- Last .1 or 2 ?.??... Hours or minutes Indian stock market show green or blood Red
Save your investment by subscribe our services
what about you ???
still trust on so called market expert who always give confusing calls with if and but
Remember if your market expert can't guide you market trend then ........
Remember We were one and only who predicated nifty above 5000 -5150 levels in April 08 well in advance
Now check whole India is talking about Nifty 5300
Now corrections 1800 points up or down ??
Important results to be watched out for during the day are ACC, HDFC Bank, Hero Honda Motors, Idea Cellular Services and Maruti Suzuki India, among others
As per provisional data, foreign institutional investors today sold shares worth a net Rs 480.93 crore yesterday, 23 April 2008. Domestic funds bought shares worth a net Rs 70.04 crore on that day.
FIIs) were net sellers of Rs 480.93 crore (provisional) on Wednesday, according to data released by BSE.
Keep eyes on Mrpl,Ashok Leyland, Castrol
Sell Ranbaxy..............
Buy GUJ NRE, WEL GUJ ..........
Alert--- Last .1 or 2 ?.??... Hours or minutes Indian stock market show green or blood Red
Save your investment by subscribe our services
what about you ???
still trust on so called market expert who always give confusing calls with if and but
Remember if your market expert can't guide you market trend then ........
Remember We were one and only who predicated nifty above 5000 -5150 levels in April 08 well in advance
Now check whole India is talking about Nifty 5300
Now corrections 1800 points up or down ??
Important results to be watched out for during the day are ACC, HDFC Bank, Hero Honda Motors, Idea Cellular Services and Maruti Suzuki India, among others
As per provisional data, foreign institutional investors today sold shares worth a net Rs 480.93 crore yesterday, 23 April 2008. Domestic funds bought shares worth a net Rs 70.04 crore on that day.
FIIs) were net sellers of Rs 480.93 crore (provisional) on Wednesday, according to data released by BSE.
Subscribe to:
Posts (Atom)