Domestic Institutions bought equities worth Rs 1000 crore yesterday

Dalal Street might witness the much awaited pull back rally on Tuesday as Asian markets traded in green on positive US markets. FII selling continued on Monday but DIIs came to the rescue with a Rs 1000 crore buying which shadowed the Rs 900 crore sell-off in the cash segment by FIIs.

Markets - The cat fight begin

Yesterday's tape did speak of some buying emerging at lower levels. We believe from here on it is not going to be easy for bears to drive down the indices. Domestic Institutions and Insurance companies who are sitting pretty with cash might step up buying. Q3 numbers demonstrated that India Inc is on its way for superlative growth in the coming years. Q4 might be hit due to rising borrowing costs for companies but it is the demand from the consumer that will drive the economy in the next couple of years.

Think long and think India.

Eygpt, the new thorn in the flesh

The bad news seems to be flowing unabated, this time in the form of Egyptian crisis as the voilence spreads, sending negative signals to investors across the globe. Dalal Street is likely to gap down with Singapore Nifty showing massive losses of nearly 95 points.

Wall Street was hit badly on Friday as voilent protests marred Cairo streets seeking Mubarak's resignation. Crude oil reversed trend and is inching back towards $90 levels.

News Bytes

* Vodafone mulls new pact with Essar

* Crisil downgrades ICICI car loan portfolio

* NTPC Vidyut to start getting solar power by Oct

* 3L borrowers took teaser home loans:SBI

* Lavasa files another plea against MoEF

* Fraud not to impact Citibank India's short-term rating: Fitch

Markets - Panic opening likely

Looking at Singapore Nifty, we expect a gap down of nearly 80-90 points for Nifty today. 5450 might act as the saviour and a massive bounceback is not ruled out. Going by day today events, Dalal Street appears to get no respite from selling.

Investors have limited choices at these levels except to hold and hope for the best as majority of the damage is done. While still there are punters who predict 4500 and 4200, we believe that would be a tough scenario

FIIs extend the selling spree, Asia trading mixed

Indian equities are likely to extend the slide started early this month on concerns of inflation and FII selling as Dalal Street continues to underperform rest of the globe.

Markets Outlook

Day by day the bearish clouds intesify their cover on Dalal Street. While fundamentally speaking the fears are overblown but technically the markets look weak and watching the tape sends scary signals. With stocks trading at 5 month lows and no FII support in sight it seems more downsides are on the cards. FII selling has intensified on the street over the last two months. These are definitely tough times for investors who is in two minds to stay invested or get out.

Range bound trade expected on Expiry day

Indian equities are likely to have a muted day ahead on account of F&O expiry and mixed Asian markets on Thursday morning. Dow Jones kissed magic 12,000 level only to retrace back.

Expiry to hold markets for the day

Market players might be eyeing 5700 levels on the expiry day for Nifty. While the talk on the market sentiment on India in particular is getting worse by the day and February jynx might add to woes. We believe this time there is a chance of pre-budget rally which not even a single person on the street is expecting.


Sms.......Was Sent to Buy...."BF-UTILITIES" @ 770....After that's It's Flared and Hit 794 Mark..Yes Our Target Was 790.

In Today's Trade...Our Client's are Holding "ACC & VIP INDUSTRIES" Let's See....How these Will Perform on the Bourses.........!!!

All eyes on RBI meeting today, Street factors in 25 bps rate hike

The Dow Jones Industrial Average finished within striking distance of 12,000 Monday, fueled by weakness in dollar and buying interest in tech stocks. Bank home RBI policy meeting today is keenly observed by the Street. While the markets are discounting 50 bps rate hike, Mr.Subba Rao might surprise with a 25 bps hike.


Markets - Ranged

We expect Nifty to close between 5700-5800 for the expiry on thursday. With the Street shutting tomorrow on the eve of Republic Day, we might see a volatile trade today as RBI policy decision is key to the road ahead.

Midcap and smallcap stocks have slowly started the upward journey. We are upbeat on Indian economy and same with stocks.

Asia markets wave green flag, SBI beats

Indian equities might open marginally higher on Monday moring as rest of the Asian markets trade higher. Investors eye RBI meeting on Jan 25th as expectations of a higher rate hike build up.

News Bytes

* RBI may hike rates 25 bps to tame inflation

* R-Power to save Rs 6,500 cr on funding Sasan project

* Natco may seek compulsory licence for Bayer's cancer drug

* SAIL decision on FPO likely by next month

* GACL partners with German firm for HPPO project

* Oil India, IOC to give up oil blocks in Libya

* SBI beats Street estimate; net profit up 14% at Rs 2,828 cr

Markets - Range bound

With expiry on thursday and a holiday on the 26th, we believe choppy trade will be the name of the game going ahead. Volatility might mar trading tomorrow as RBI will decide on the interest rates.

State Bank delivered good numbers on saturday. Overall Corporate India's Q3 performace is satisfactory. We picked up bullish feelers from two major FIIs Goldman Sachs and JP Morgan. Let us see what is in store soon

Wipro and Reliance to report today

Gold fell to a two-month low on Thursday as stronger-than-expected US jobless figures pushed the dollar higher and sending investors rushing to sell on improving economic situation. Dalal Street might see a minor sell-off today.

Asian markets are trading mixed Friday morning

Reliance to dictate the future course

While technically Reliance Industries is looking weak, the quarterly numbers might set the tone for the equity markets in the short run. Wipro also reports today. Markets are trading extremely volatile and it is better for oneself to stay away from trading for the next few days till things get sorted out. We believe 5700-5800 is the place Nifty might take rest during the F&O expiry which is slated for next thursday