Year 2010 : Nifty up 18 pct, Sensex up 17 pct

Dalal Street might wrap up the last day of the year with a ranged trade as traders look forward to new year celebrations. Year 2010 delivered excellent returns to investors.

Nikkei and Kospi were closed today on account of holidays.

News Bytes

* iGate to control Patni with 60% stake buy

* Citi, Goldman plan to buy 5% in Reliance Broadcast

* Manganese Ore in talks with Gabon: source

* SBI to raise Rs 12,000 cr from bonds by Mar 2012

* K S Oils to allot 1.64 cr shares to promoters

* SSWL commences Wheels Rims supply to Tata Motors

* Food inflation accelerates to 10-week high

* PNB seeks partners for insurance business

Market Outlook

Nifty delivered a surprise visit to 6100 levels, hitting all call writers till 6000 levels. We believe Markets might see new highs soon. With fresh inflows expect in January this time it might be unstoppable for Markets to hit new highs.

Stay invested.

Nifty eyes 6100

Dalal Street is likely to head north after excellent gains yesterday with Nifty eyeing 6100, causing pain to 6000 strike call writers. On the wall street stocks indexes finish with small gains and remain on pace for their best December in nearly 20 years.

The Standard and Poor's 500-stock index is up 6.7 percent for the month. If it closes Friday at this level or higher, it will be the index's best December return since 1991. Japanese stocks declined as auto shares decline on a strengthening yen and concern about Chinese moves to curb car-buying.

News Bytes

* Suzlon sees revival, needs more cash just to survive

* PNB still interested in insurance sector, seeks JV

* NTPC likely to float Rs 18,000-cr tender

* SAIL FPO in Jan, ONGC in March, IOC deferred

* Godrej Properties signs development pact with Addison & Co

* Unity Infra to launch three Nagpur malls by mid-2012

* India Inc raises Rs2 trillion in decade via IPOs

Markets - Expiry moves, volumes low

FIIs were busy seen buying Index Futures and Index options as if it was a regular trading day. Volumes were on the higher side in the F&O segment. Major players appear to be active in the F&O segment. Speculative bets are back in the reckoning but we advice investors to stay cautious with these counters. Choose stocks with good fundamentals.

Another choppy session on cards

Dalal Street is likely to extend the choppy ride with another lacklustre session thanks to simillar cues from global equity markets. The Dow Jones Industrial Average edged up to hit a fresh 2010 closing high in thin trading on Tuesday.

Asian Markets are trading flat on Wednesday.

News Bytes

* Gitanjali in talks to raise $100 mn

* HPCL, Mittal plan IPO for Bathinda refinery in 2011

* M&M faces $290 millon lawsuit by Reva ally in New York

* Indiabulls renews partnership with RSA

* Gayatri Projects bags order worth Rs 113 cr

* MFIs seek freeze on repayment to Banks

* MOIL invites bids to form JVs for acquisition.

* US firm buys 60% stake in Nitin Cylinders

Markets - Flat but exciting times ahead

The current boredom on Dalal Street has not been witnessed from the past two years with majority of the investors taking a break from trading. We write time and again that exciting times are ahead of us. It is time to accumulate good stocks and we advice investors to avoid this year's top two sectors Banking and Automobile

Street's subdued saga likely to extend

Dalal Street is likely to trade in a band yet again on flattish global cues as majority of the retail investors and FIIs are holidaying. China's central bank could raise interest rates to alleviate negative real interest rates in the first half of next year while inflation pressures are large, the central bank-backed Financial News reported Tuesday. Asian markets are currently trading mixed today.

News Bytes

* Tata Steel may cut debt in Riversdale sale

* PFC & REC set sights on bank foray, to hire consultants

* Ramky mulls hiving off road, industrial park business

* CIL's overseas acquisitions in 2011-12

* RBI cuts SLR for RRBs to 24% to inject liquidity

* KEC Intl wins orders worth Rs 1,018 cr

* iGate, Apax close to buying 63% of Patni Computer

Markets - All roads point to new highs next month

We expect markets to hit new highs before the budget. One can see pre-budget rally from the second week. IT stocks look promising, so are Oil related stocks. Infrastructure and Realty are the two dark horse sectors while Banking and Auto are most likely to underperform going forward

Subdued start on cards, China hikes interest rates

Dalal Street is likely to open flat on Monday morning on mixed Asian markets and flattish US cues. Crude Oil is likely to witness a sharp rally as Arctic weather invades US East Coast, threatening to snarl air and ground transportation as holiday travelers scramble to find ways to get home.

Asian markets are trading mixed on Monday morning.

News Bytes

* RCF scanning price asked for Russian mine stake

* Yes Bank asks MFIs to return Rs 100 cr loans

* Manufacturing sector posts high growth in April-Dec: CII

* NMDC likely to hike iron ore prices by 3%

Markets - Look forward to underperforming sectors next year

We believe Infrastructure helped with Realty sectors are likely to lead the rally on the street. With major FIIs turning their heads to these underperforming sectors, we expect Banks and Autos to hand on the baton. Banking sector is unlikely to shine in the next year on account of lower margins.

Nifty should close above 6020 for a bull run. Given the low volume trade, we expect Nifty to again fall back below 6000 levels before expiry.

Another subdued session in the offing on Dalal Street

Indian equities might continue to languish near the current levels in the next 4-5 trading sessions on flattish global cues. On Wall Street stocks finished mixed but were little moved by Thursday's deluge of economic data as volumes thinned on the last trading day before the three-day Christmas holiday. Asian markets are trading in red on Friday morning.

News Bytes

* Strides to up stake in Australian pharma to 94%

* Titan to double Sonata sales over 3-4 yrs

* Temasek buys 3% pie in Max India

* GPI, ITC resume cigarette production

* Sugar hits fresh 30-year high, supply tight

* Adani Power awaits environ min nod for Bhadreshwar plant

* Glenmark receives USFDA nod for three drugs

* IOC's Rs 19,000-cr FPO hits subsidy block

Markets - Hanging on

While we expected a band of 5800-6000 for Nifty for this monthe expiry, it appears breaking 5900 on Nifty is also getting tougher on each passig day. Sugar stocks spiked up in the last hour of trade. Keep an eye on the same.

Stocks to watch for in today's trade include Ballarpur Indutries, OBC, Kingfisher Air, DCB

Crude gets rude, trading at 2-year high

Dalal Street is likely to open flat yet again and might trade in a narrow band with a positive bias as Asian markets are trading in green. Overnight Wall Street finished off with marginal gains. Year end activity is taking a toll on volumes in all global markets.

U.S. crude oil futures prices extended gains and rose to a 26-month peak above $90 on Wednesday in choppy trading after government data showed crude stockpiles fell more than expected last week, a day after industry data showed a similar drop by inventories.

News Bytes

* Acquired Griffin for A$750 million: Lanco

* RBI sees liquidity easing in Jan

* 2 killed in Dr Reddy's nitrogen gas leak

* RBI bans FII purchases in IndusInd Bank

* Fortis Global to buy 30% in Aussie firm for Rs 450 cr

* M&M, Gulf Oil launch co-branded diesel engine oil

* Radico in advanced tie-up talks with 3 intl firms

* PTC India''s arm files draft prospectus with SEBI

Market Outlook - Choppy

We expect the Markets to display same kind of volatility we have witnessed yesterday but with in a band. There is no point in panicking and instead pick stocks good fundamental stories.

Few stocks to watch in today's trade include Indiabulls Financial, Kingfisher Airlines, Hind Motors and Navneet