Positive start to the week

After two trading sessions full of volatility and confusion, Investors are likely to return to Dalal Street which is all set to make a positive start on account of global cues.

Wall Street closed in the green on Friday with Dow Jones crossing the much awaited 11,000 levels.

RBI warns of intevention

Foreign institutional investors (FIIs) have pumped a record $21.3 billion into Indian equities so far this year, helping push the rupee to a 25-month high last week.

“If the inflows are lumpy and volatile or if they disrupt the macroeconomic situation, we will do so,” RBI governor said of intervention.

We expect RBI intervention at a later stage and for now do not see any issue with the inflows.

Fortis Healthcare - Hongkong acquisition

Fortis Global Healthcare Holdings Pte., controlled by billionaires Malvinder Mohan Singh and Shivinder Mohan Singh, agreed to buy units of Hong Kong-based Quality HealthCare Asia Ltd. for HK$1.5 billion ($193 million).

The purchase will give Fortis Global a network of more than 60 medical centers, at least 500 affiliated clinics and more than 40 dental and physiotherapy centers, the closely held company said in an e-mailed statement today.

Market today

We expect the market to show positive momentum but do not expect miracles. Also focus on midcap and smallcap stocks instead of index stocks. Many of our stocks are ripe for an upmove especially our Paid Technical Check picks.

Calm after the storm

Market open 15 min delay from 18 October

Indian equities are most likely to see a soft opening on Friday morning, after getting smashed in the final hour of trade yesterday. Wall Street closed flat on Thursday, nervous ahead of September jobs report on Friday. World's largest Aluminium manufacturere Alcoa (AA) beats expectations though Q3 net slipped 21 pct. Watch for hindalco in today's trade.

Japan approves stimulus worth 5.05 trillion yen

Japan's cabinet Friday approved compilation of an extra budget of 5.05 trillion yen ($61.3 billion) to stimulate the economy, larger than the 4.8 trillion yen initially planned. The government says the measures will add 0.6 percentage point to gross domestic product growth.

Nikkei is currently trading down 34 points or 0.35 percent.

Dalal Street - Jittery moves ahead?

Markets sold off in the final hour of trade yesterday. We believe the selling is a result of overheating in the market and there are no indications of any slowdown in the foreign inflows. But we expect the inflows to slow in the coming weeks resulting in choppy markets. Mutual funds might pull the plug after January 2011. We might be in for a feast in the next 6 months but sharp sell-offs are part of the game. Traders are advised to discount the volatility.

Flattish cues flirt with Dalal Street

A quiet day awaits Indian Equities when they open for trade on Thursday morning, thanks to flattish global cues. Wall Street closed mixed, near to the touchline despite of weak jobless data. We expect the benchmark index or the Sensex to move sideways and stay range bound for most of the day. Most of the action will be stock specific and story based.

Asia trading flat

Taking a leaf out of Wall Street's close on Wednesday, Asian stocks started the day in a flattish manner. Japan and Australia is trading near the previous days close. We do not expect major movements for the rest of the day in the global equity markets unless there is some substantial news flow.

Career Point - Where is the stock pointing to ?

New listing kept investors busy on Wednesday with Career Point and EROS Enetertainment making their debut on Dalal Street.Career point which raised 115 crore selling 35.5 lakh shares at Rs 310 has more than doubled in value on the first day to finish at Rs 632 and we think that it is a good idea to take profits at Rs 650 levels.

Noted buyers in the counter yesterday include HDFC and Reliance Mutual funds. We advise invetors to book profits in today's upmove for the short term.

Will Nifty break 6200 ?

That might be a tough one atleast for the first half of the trade today. But Nifty to continue the steam should confidently break the 6200 level which is becoming a tough nut to crack.

Realty and Metal space looks hot from a sectoral stand point while Healthcare and Banking are currently flat for the time being. The midcap space is likley to be in demand today and stocks like JM Financials, NOCIl Ltd, SREI Infra, Shipping Corp and Binani Cement might look to extend their gains from yesterday.

Bulls climb 'Wall' Street, looking towards Dalal Street

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

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

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

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.