Wall Street soared to a five month high on Tuesday after Japan's surprise move to lower interest rates and inject cash into the economy raised hopes for similar move by US authorities.
Other key data indicator - The Institute for Supply Management (ISM) reported its service-sector index increased last month to 53.2 from 51.5 in August.
Japanese Stocks jump
Bank stocks lead the bull charge in Japan after the regulator surprised with a rate cut. Australia too is trading comfortably higher, up nearly 1.5 pct
Dalal Street to gap up
With positive global cues, Dalal Street will gap up but sustaining at higher levels is still a question. After ADAG we mgiht see Jaiprakash or Tata group stocks spike up, if not today in the next couple of trading sessions.
Other global markets performing well might not augur for Indian markets as flows might hold on. It is very important to monitor global markets and commodities. Copper is at 26 month high while Gold is trading at life time high. Crude Oil is looking up.This is one of those strange situation where all asset classes are attracting interest. We know where this will lead to...
Careerpoint and Eros will be listing on the street today
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Wednesday, October 6, 2010
Tuesday, October 5, 2010
Red blanket covers Asian markets
Indian stocks are likely to gap down marginally on Tuesday morning when they open for trade on account of negative global cues.
WallStreet closed lower on Monday as traders' confidence remained shaky ahead of key employment data and corporate earnings later this week and as two key stocks took a hard beating.
Asia in red
Japanese markets are trading down nearly half percent due to uncertainty ahead of a Bank of Japan decision on interest rates. Australia too is trading down more than one percent. The Reserve Bank of Australia was slated to announce its policy decision later in the day, with economists split over whether it will hike its policy interest rate.
Dalal Street - Sluggish morning session
Sluggish trade with bearish bias is expected atleast in the first couple of hours of trade. Not a bad idea to pick up stocks for short term trading. As expected broking, Realty, Cap Goods and metal counters are driving while surprisingly few bank counters moved up. DCB witnessed fund buying from Blackstone Asia (picked 11 lakh shares at Rs 58.88)
Watch out for stocks like JMC Projects, Sadhbav Engineering today and tomorrow. While pullback is not ruled out from lower levels, midcap and smallcap stocks might shine today
WallStreet closed lower on Monday as traders' confidence remained shaky ahead of key employment data and corporate earnings later this week and as two key stocks took a hard beating.
Asia in red
Japanese markets are trading down nearly half percent due to uncertainty ahead of a Bank of Japan decision on interest rates. Australia too is trading down more than one percent. The Reserve Bank of Australia was slated to announce its policy decision later in the day, with economists split over whether it will hike its policy interest rate.
Dalal Street - Sluggish morning session
Sluggish trade with bearish bias is expected atleast in the first couple of hours of trade. Not a bad idea to pick up stocks for short term trading. As expected broking, Realty, Cap Goods and metal counters are driving while surprisingly few bank counters moved up. DCB witnessed fund buying from Blackstone Asia (picked 11 lakh shares at Rs 58.88)
Watch out for stocks like JMC Projects, Sadhbav Engineering today and tomorrow. While pullback is not ruled out from lower levels, midcap and smallcap stocks might shine today
Monday, October 4, 2010
Rajini, Commonwealth Games steal the show
While Robot mania swept South India, Commonwealth Games kicked off in style on Sunday evening much to the relief of Indian government. Global equities are trading marginally in the positive with wall street closing up on Friday. Dow closed up 45 points while Nasdaq gained 2 points.
Asia mixed on Monday morning
Nikkei slipped into red after financial services stocks suffered steep declines. Korean Kospi index is up 0.3 pct
SUN TV - Rakes in a big moolah
Sun Pictures, the subsidary of Sun TV has tasted tremendous success over the weekend after the most costliest Indian film Robo was declared an allround hit. Reports say SUN TV is likely to recover the cost of the film in the first week itself. We believe Sun TV stock is in for a ride and we expected the same in our recent analysis.
Dalal Street - The show continues
Bull show on Dalal Street is likely to extend this week too. While there will be volatile sessions and intermediate cool-offs, we at DStreet believe the flows will only continue resulting in some more upside. Five IPOs will be listing this week end.
Tata Steel on Sunday increased prices of its products by up to Rs 1,500 per tonne, mainly on account of rising demand.
Year to date, the BSE Capital Goods Index is up 70%, the BSE Bankex is up 42%, the BSE FMCG Index is up nearly 33%, and the BSE Auto Index is up over 31%, while the benchmark Sensex has risen only 17% in the same period.
Sectorally Realty is the best bet followed by Capital goods, Metals and Fertilizer stocks
Asia mixed on Monday morning
Nikkei slipped into red after financial services stocks suffered steep declines. Korean Kospi index is up 0.3 pct
SUN TV - Rakes in a big moolah
Sun Pictures, the subsidary of Sun TV has tasted tremendous success over the weekend after the most costliest Indian film Robo was declared an allround hit. Reports say SUN TV is likely to recover the cost of the film in the first week itself. We believe Sun TV stock is in for a ride and we expected the same in our recent analysis.
Dalal Street - The show continues
Bull show on Dalal Street is likely to extend this week too. While there will be volatile sessions and intermediate cool-offs, we at DStreet believe the flows will only continue resulting in some more upside. Five IPOs will be listing this week end.
Tata Steel on Sunday increased prices of its products by up to Rs 1,500 per tonne, mainly on account of rising demand.
Year to date, the BSE Capital Goods Index is up 70%, the BSE Bankex is up 42%, the BSE FMCG Index is up nearly 33%, and the BSE Auto Index is up over 31%, while the benchmark Sensex has risen only 17% in the same period.
Sectorally Realty is the best bet followed by Capital goods, Metals and Fertilizer stocks
Friday, October 1, 2010
Stocks : A Positive Start to October
Dalal Street is all set to open in the green, a day after Ayodhya verdict and F&O expiry.
US Economy expanding
The United States economy grew only slightly in the second quarter, the Department of Commerce said yesterday, confirming that the pace of the economic recovery had slowed.
Gross domestic product (G.D.P) rose at an annual rate of 1.7 per cent in the quarter, marking a sharp decline from the first quarter, when growth hit 3.7 per cent.
Wall Street failed to capitalize of better than expected jobless numbers and GDP, only to close in the red.
Asian Markets
China's official purchasing mangers' index (PMI) jumped to 53.8 in September from 51.7 the previous month, giving a boost to Asian markets. Nikkei is currently trading up half percent
Dalal Street - Positive Start
Ayodhya verdict as expected had no impact thanks to a booming economy. We expect Dalal Street to greet the peaceful situation with a positive start and most likely a positive end. Investors are advised to look for sector rotation. BHEL is threatening for a breakout among largecaps.
If a financial newspaper's starts are believed to be correct, 35 pct of the FII's are yet to comply with SEBI's new regulation which comes into force today. There were reports that few FII's might leave the country due to the regulation which we believe is impossible, given the "Hot Indian" brand among global investment community.
US Economy expanding
The United States economy grew only slightly in the second quarter, the Department of Commerce said yesterday, confirming that the pace of the economic recovery had slowed.
Gross domestic product (G.D.P) rose at an annual rate of 1.7 per cent in the quarter, marking a sharp decline from the first quarter, when growth hit 3.7 per cent.
Wall Street failed to capitalize of better than expected jobless numbers and GDP, only to close in the red.
Asian Markets
China's official purchasing mangers' index (PMI) jumped to 53.8 in September from 51.7 the previous month, giving a boost to Asian markets. Nikkei is currently trading up half percent
Dalal Street - Positive Start
Ayodhya verdict as expected had no impact thanks to a booming economy. We expect Dalal Street to greet the peaceful situation with a positive start and most likely a positive end. Investors are advised to look for sector rotation. BHEL is threatening for a breakout among largecaps.
If a financial newspaper's starts are believed to be correct, 35 pct of the FII's are yet to comply with SEBI's new regulation which comes into force today. There were reports that few FII's might leave the country due to the regulation which we believe is impossible, given the "Hot Indian" brand among global investment community.
Thursday, September 30, 2010
F&O Expiry Hangover to end today
&O expiry for the month of September, which was dictating terms from the last 3-4 trading sessions will finally come to an end today. Allahabad High court will announce the Ayodhya verdict at 03:30 PM.
Global markets : US & Asia flat
US markets closed flat while Asia is currently is trading the same. European woes have started increasing but none of the markets reacted voilently. Buzz about European crisis might not tamper market euphoria but a new crisis can.
Mahindra Satyam : On the right track
Mahindra Satyam says it saw revenues at a higher-than-expected Rs 8,800 crore and a net loss of Rs 8,176 crore. The management says the company has not fully recovered yet and a full recovery will take up to two more years.
We believe the stock is only a long term hold and given the merger proposal in the next 6 to 8 months, we expect a raw deal for Mahindra Satyam shareholders in case the merger happens.
FIIs with single client will not be allowed to trade in India from October 01 says regulator SEBI. Lot of IPOs sucked in money from the secondary market and the big one is yet to come. Coal India is coming out with a huge IPO, halfway through this month and is expected to absorb more liquidity.
We expect a flat trading day today with a positive bias. Nifty is expected to close around 6,000 levels
Global markets : US & Asia flat
US markets closed flat while Asia is currently is trading the same. European woes have started increasing but none of the markets reacted voilently. Buzz about European crisis might not tamper market euphoria but a new crisis can.
Mahindra Satyam : On the right track
Mahindra Satyam says it saw revenues at a higher-than-expected Rs 8,800 crore and a net loss of Rs 8,176 crore. The management says the company has not fully recovered yet and a full recovery will take up to two more years.
We believe the stock is only a long term hold and given the merger proposal in the next 6 to 8 months, we expect a raw deal for Mahindra Satyam shareholders in case the merger happens.
FIIs with single client will not be allowed to trade in India from October 01 says regulator SEBI. Lot of IPOs sucked in money from the secondary market and the big one is yet to come. Coal India is coming out with a huge IPO, halfway through this month and is expected to absorb more liquidity.
We expect a flat trading day today with a positive bias. Nifty is expected to close around 6,000 levels
Wednesday, September 29, 2010
All eyes on Mahindra Satyam's audited numbers today
Dalal Street
Mahindra Satyam, the cynosure of traders is all set to disclose revenue and profit figures for 2008-09 and 2009-10 later in the day today. Last week Mahindra Satyam Ltd announced that it would de-list from the New York Stock Exchange as it would not be able to meet the October 15 deadline for preparing financial statements under US accounting standards. A financial newspaper reported that Mahindra Satyam might settle with Raju's family over the latter's claim for Rs 1250 crore investment in Satyam.
Indian markets might take a few more days of breather before the upmove. Atleast from a short term we do not see major issue with the market. Retail participation is reportedly on an uptrend.
Mahindra Satyam, the cynosure of traders is all set to disclose revenue and profit figures for 2008-09 and 2009-10 later in the day today. Last week Mahindra Satyam Ltd announced that it would de-list from the New York Stock Exchange as it would not be able to meet the October 15 deadline for preparing financial statements under US accounting standards. A financial newspaper reported that Mahindra Satyam might settle with Raju's family over the latter's claim for Rs 1250 crore investment in Satyam.
Indian markets might take a few more days of breather before the upmove. Atleast from a short term we do not see major issue with the market. Retail participation is reportedly on an uptrend.
Tuesday, September 28, 2010
Markets likely to witness subdued opening
Airline stocks to see interest on Southwest's Airtran acquisition
Indian equity markets are likely to open flat Tuesday morning after weak global markets and inability to sustain at higher levels in Monday's trade.
US Markets closed in the red despite of M&A deals. Low-cost carrier Southwest bought AirTran for $1.4b, a premium of 60 pct. Indian airline stocks are likely to see some interest backed by this news.
Asian markets in red
Nikkei is trading nearly 68 points down while Australia is trading flat. The Bank of Japan will discuss further easing of its monetary policy at its upcoming board meeting, according to a report published Tuesday.
Dalal Street - Flows continue
Foreign institutional investors (FIIs) have pumped nearly $18 billion (Rs 81,880 crore) in Indian stocks so far this year, their highest investment in dollar terms in a calendar year.
In September alone FIIs have net-bought shares worth nearly $5 billion (Rs 22,700 crore). While India continues to be a hot destination for FIIs, we expect minor hiccups in the form of swift corrections to hit the market time and again.
Dalal Street might take on new highs next month. With US economy struggling, Euro crisis end not in sight and market factoring part of these concerns, the situation is favouring the bulls in the medium term. Coal India IPO is a small trigger for bears but given the kind of inflows the issue might not have an impact on D-Street.
F&O expiry (30th September) will see markets trading in a extremely volatile fashion.
Indian equity markets are likely to open flat Tuesday morning after weak global markets and inability to sustain at higher levels in Monday's trade.
US Markets closed in the red despite of M&A deals. Low-cost carrier Southwest bought AirTran for $1.4b, a premium of 60 pct. Indian airline stocks are likely to see some interest backed by this news.
Asian markets in red
Nikkei is trading nearly 68 points down while Australia is trading flat. The Bank of Japan will discuss further easing of its monetary policy at its upcoming board meeting, according to a report published Tuesday.
Dalal Street - Flows continue
Foreign institutional investors (FIIs) have pumped nearly $18 billion (Rs 81,880 crore) in Indian stocks so far this year, their highest investment in dollar terms in a calendar year.
In September alone FIIs have net-bought shares worth nearly $5 billion (Rs 22,700 crore). While India continues to be a hot destination for FIIs, we expect minor hiccups in the form of swift corrections to hit the market time and again.
Dalal Street might take on new highs next month. With US economy struggling, Euro crisis end not in sight and market factoring part of these concerns, the situation is favouring the bulls in the medium term. Coal India IPO is a small trigger for bears but given the kind of inflows the issue might not have an impact on D-Street.
F&O expiry (30th September) will see markets trading in a extremely volatile fashion.
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