Buy Hindustan Oil at Rs.130/128, with a stop of Rs.125. The scrip is headed for Rs.139. The key level is Rs.134.50.
Stock market - Keep eyes on India Bulls securities, Essar oil, Rel capital
Ranbaxy group company is reported to have bought 8% stake of Orchid Chemicals recently which is about half of present promoters stake of 16%. Is Orchid Chem a take-over target?
NIFTY did hold on today’s session. Now more shorts to cover if NIFTY holds 4800 level in next sessions though many traders said that today’s movement wasn’t healthy. FIIs were net buyer. Now let’s see how next sessions will spans out
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Reliance Industries may see action
Consortium of Reliance Industries (RIL) has reportedly discovered oil in Yemen. The discovery in Block 9 in Qarn Qaymah 2 well is considered to be significant, and RIL is in process of evaluating the viability.
Solrex Pharmaceutical, which reportedly belongs to Ranbaxy Group, has acquired 9.54% stake in the Chennai-based Orchid Chemicals & Pharmaceuticals. Solrex Pharmaceutical bought 9.72 lakh shares of Orchid Chemicals at Rs 196.13 each, as per the latest data on the BSE.
Bharat Forge has reportedly acquired 89% stake in French forgings company Groupe Sifcor (Society of Industrial and Financial Courcelles). The acquisition will give Bharat Forge an entry into the French automotive sector and access to big Sifcor clients like PSA Citroen and Renault, the reports suggested.
IOL Chemicals & Pharmaceuticals has reportedly decided to sell 5% stake to private-equity funds to raise some Rs 80 crore. The company has already begun talks with four overseas private-equity funds based in Singapore and the US, the reports suggested.
The board of Linc Pen & Plastics at the meeting held on 7 April 2008 approved the proposed merger of Shree Writing Aids into the company.
State-run refiners Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation may see action after US crude futures traded around $109 a barrel
At home, the next major trigger for the market is Q4 March 2008 results of India Inc. Analysts will be closely watching what the company managements have to say about the outlook for the year ending March 2009 (FY 2009). Analysts will also scrutinize disclosures that companies may make regarding foreign exchange derivatives products that they have bought on the advice of their bankers. A steep decline in the value of the US dollar against the Japanese Yen and the Swiss Franc hit Indian corporates which have used these two currencies (Yen and Franc) extensively to swap their rupee denominated debt.
As regards Q4 March 2008 results, Morgan Stanley expects 23% growth in net earnings of 104 out of 108 firms in its Indian coverage universe in Q4 March 2008 over Q4 March 2007.
Good results are expected from the telecom sector on the back of strong growth in new subscribers additions. Infrastructure and engineering firms, too, are seen reporting decent numbers in Q4 March 2008 on the back of healthy order book positions. The performance of auto firms is likely to be sluggish due to muted volume growth and rise in input costs.
A depreciation of the rupee against the dollar is likely to drive good results from the IT sector on a sequential basis in Q4 March 2008 over Q3 December 2007, though the focus here is on guidance for the year ending March 2009 from IT bellwether Infosys Technologies. Infosys guidance will give investors a sense of the effect of the weakening US economy on technology spending by companies there.
Sensex jumped 413.96 points or 2.7% at 15,757.08 on Monday, 7 April 2008, on positive cues from the Asian markets.
As per provisional data, foreign funds bought shares worth a net Rs 346.04 crore on Monday, 7 April 2008. Domestic funds bought shares worth a net Rs 245.93 crore on that day.
Foreign institutional investors (FIIs) were net buyers of Rs 413.84 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 293.33 crore and bought index options worth Rs 102.55 crore. They were net buyers of stock futures to the tune of Rs 18.17 crore and sold stock options worth Rs 0.21 crore.
In the calendar year so far, FIIs sold shares worth a net Rs 11808.70 crore, to offset their huge losses in the US sub-prime mortgage market.
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
Tuesday, April 8, 2008
Monday, April 7, 2008
Friday, April 4, 2008
Market may remain lackluster
1300 points corrections up or down ??
Sell Yes bank with stop loss 165 target Rs 135
For more log to
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Sell Yes bank with stop loss 165 target Rs 135
For more log to
http://www.freewebs.com/jgs-investments/marketwhisper.htm
Thursday, April 3, 2008
Recession…Its official
Today, Nifty has support at 4,623 and resistance at 4,819 and BSE Sensex has support at 15,314 and resistance at 15,993
Buy NDTV (391)
Buy Tata Chem (289)
Buy Cent Textile (742)
Sell Nalco (448)
Sell Tulip (841)
Target and sl for clients only
we see the key indices in India opening on a cautious note. Yesterday, the bulls could not hang on to strong gains made in the morning though Asian markets were on a strong wicket. Traded volume improved over the Tuesday's session but remain quite pathetic to say the least. And, if the withdrawal of the STT benefit under Section 88E was not enough the street was abuzz with rumours of rationalisation in stamp duty. According to some market observers, that may have led to the steep fall in the key indices from the day's high. Having said that, we would refrain from speculation. As far as the market trend is concerned, much will continue to hinge on the emerging global equations, fund flows, local economic outlook and of course on corporate earnings and guidance for the current fiscal year.
We see the market rangebound within a couple of thousand points and choppy in the near term. No major breakout is expected till things start to stabilise, both locally as well as globally. The next few months will be painful for the bulls, though there will always be opportunities to pick up good quality stocks for the long haul which one should be careful in judging. Stick to the large caps as you build your portfolio. A small portion you may punt in mid-caps. Shares of Gammon Infrastructure Projects will get listed on the bourses today.
The steel stocks lost their shine after reports stated that the government would direct the steel manufacturers to cut prices by 10-20% in a month. Tata Steel slipped 3.2% to Rs645, Tata Sponge declined 1.6% to Rs248, Jindal Steel was down 2% to Rs1973 and SAIL lost 4% to Rs167.
Airline stocks gained altitude after media reports stated that the airline companies would hike fares following an increase in jet fuel prices. Spice Jet edged higher by 0.5% to Rs41, Jet Airways was flat at Rs547.
Spice Telecom rallied by over 10% to Rs33 after media reports stated that Mr Modi, Chairman and Managing Director want to dilute promoter holding in Spice Telecom in favour of foreign players UAE's Telecommunications Corporation Etisalat. The total promoter holding in Spice Telecom is 40.8%. The scrip touched an intra-day high of Rs36 and a low of Rs32 and recorded volumes of over 37,00,000 shares on BSE.
Prithvi Info edged lower by 0.5% to Rs155. The company said that the company secured Rs120mn order from Huwei. The scrip touched an intra-day high of Rs163 and a low of Rs154 and recorded volumes of over 58,000 shares on BSE.
GTL gained by a percent to Rs259 after the company announced that the founders raised their stake to 39.31% in the company. The scrip touched an intra-day high of Rs263 and a low of Rs255 and recorded volumes of over 24,000 shares on BSE.
Steel Stripes Wheels, manufacturers of single steel wheel rims, surged by over 3.5% to Rs174 after the company declared its March sales rose 30.7% to 5,53,000. The company also announced its March production which rose 30.2% to 5,56,000 units. The scrip touched an intra-day high of Rs174 and a low of Rs168.
Era Infrastructure marginally gained 0.2% to Rs587 after the company announced that it secured order worth Rs40mn from Jeet Builders. The scrip touched an intra-day high of Rs610 and a low of Rs555 and recorded volumes of over 51,000 shares on BSE.
Bank of Maharashtra was up by a over 3% to Rs50. The Bank's decision to establish General Insurance Joint Venture in partnership with M/s. Shriram Financial Services Holdings P Ltd, Chennai and Sanlam Ltd of South Africa, could not be finalized as per the Bank's requirement and hence the Bank has opted out of the said Joint Venture. The scrip touched an intra-day high of Rs51 and a low of Rs49 and recorded volumes of over 33,000 shares on BSE.
IVRCL Infrastructures advanced by over 2% to Rs394 after the company announced that the Buildings & Industrial Structure (B & IS) Division bagged orders of the value of Rs4.84bn. Scope of Work:- Construction of various Buildings varying from G+4 to G+25, approximate Construction Area of 40 Lacs Sq. ft, out of total Integrated Township of approximate 1.2 Crore Sq. ft construction area in 237 acres of land located on the Bank of River Ganges at New Bata Road, Batanagar, Mahestala, Kolkata, to be completed in 42 months. The scrip touched an intra-day high of Rs420 and a low of Rs387 and recorded volumes of over 1,00,000 shares on BSE.
FIIs were net sellers of Rs1.36bn (provisional) in the cash segment yesterday while local institutions pumped in Rs2.64bn. In the F&O segment, foreign funds were net buyers of Rs17.73bn yesterday.
On Tuesday, FIIs were net sellers of Rs11.88bn in the cash segment. Mutual Funds were also net sellers of Rs2.85bn on the same day.
Corporate News
HUL announces a performance-linked bonus along with a steep hike in salaries to its top management.
Tata Motors planning to raise 100bn yen on Tokyo exchange.
NTPC plans to enter into captive power generation and retail distribution in the upcoming SEZs.
TCS to invest Rs9bn in Pune to create a capacity for 20,000 seats over next three years.
A consortium of M&M and ICICI Ventures signed definitive agreement to buy 100% in Italian gear maker Metalcastello.
GMR Infra plans to raise US$3bn over the next 4-5 years to fund expansion of power projects.
NTPC has signed a JV with a state entity in Uttar Pradesh to set-up a 1,320 MW power plant.
American Tower Company (ATC) is close to investing in tower entity of Tata Tele.
Suzlon Energy’s US arm bags a contract to supply 200MW from a local company.
IVRCL’s buildings and industrial structure division wins orders worth Rs4.84bn.
TVS Motors plan to sell 60,000 electric scooters in 2008-09.
Welspun Gujarat is setting-up a new 0.3mtpa facility in the US.
Voltas wins a contract from a UAE-based company for construction of a cooling plant at the Dubai International Financial Centre.
Suzlon’s January-March results may see a hit due to company’s forex exposure.
Telekom Malaysia might partner with strategic investors to increase their combined stake in Spice Communications to 74%.
Gateway Distrparks’ arm to raise Rs3.3bn from private equity investors.
Provogue lines up JV for foray into infrastructure.
Maytas Consortium to build two airports for Rs2bn in Karnataka.
Royal Orchid Hotels has acquired a 50% stake in Cosmos Premises Pvt Ltd which owns Galaxy Resorts in Goa.
Steel Strips Wheels Ltd gets an order of Rs1.1bn for supply of about 1mn steel wheel rims over five years from Renault.
Zensar Technologies is targeting over 10% of revenues from West Asia and South Africa.
Koutons Retail promoters are looking at diluting 5-7% stake in 2009-10 to raise funds for more than doubling the number of exclusive outlets by 2011.
Economy News
Government has asked cold rolled (CR) steel makers to voluntarily reduce prices
Government is considering a ban on cement exports.
Retail rentals see little or no growth in Delhi NCR, Bangalore, Hyderabad and Kolkata while continue to soar in Mumbai in the past six months.
Railways increases freight rates on iron ore transportation by 5-6%.
Industrial output growth to dip further to 3.4% in April-July 2008 says Assocham.
Buy NDTV (391)
Buy Tata Chem (289)
Buy Cent Textile (742)
Sell Nalco (448)
Sell Tulip (841)
Target and sl for clients only
we see the key indices in India opening on a cautious note. Yesterday, the bulls could not hang on to strong gains made in the morning though Asian markets were on a strong wicket. Traded volume improved over the Tuesday's session but remain quite pathetic to say the least. And, if the withdrawal of the STT benefit under Section 88E was not enough the street was abuzz with rumours of rationalisation in stamp duty. According to some market observers, that may have led to the steep fall in the key indices from the day's high. Having said that, we would refrain from speculation. As far as the market trend is concerned, much will continue to hinge on the emerging global equations, fund flows, local economic outlook and of course on corporate earnings and guidance for the current fiscal year.
We see the market rangebound within a couple of thousand points and choppy in the near term. No major breakout is expected till things start to stabilise, both locally as well as globally. The next few months will be painful for the bulls, though there will always be opportunities to pick up good quality stocks for the long haul which one should be careful in judging. Stick to the large caps as you build your portfolio. A small portion you may punt in mid-caps. Shares of Gammon Infrastructure Projects will get listed on the bourses today.
The steel stocks lost their shine after reports stated that the government would direct the steel manufacturers to cut prices by 10-20% in a month. Tata Steel slipped 3.2% to Rs645, Tata Sponge declined 1.6% to Rs248, Jindal Steel was down 2% to Rs1973 and SAIL lost 4% to Rs167.
Airline stocks gained altitude after media reports stated that the airline companies would hike fares following an increase in jet fuel prices. Spice Jet edged higher by 0.5% to Rs41, Jet Airways was flat at Rs547.
Spice Telecom rallied by over 10% to Rs33 after media reports stated that Mr Modi, Chairman and Managing Director want to dilute promoter holding in Spice Telecom in favour of foreign players UAE's Telecommunications Corporation Etisalat. The total promoter holding in Spice Telecom is 40.8%. The scrip touched an intra-day high of Rs36 and a low of Rs32 and recorded volumes of over 37,00,000 shares on BSE.
Prithvi Info edged lower by 0.5% to Rs155. The company said that the company secured Rs120mn order from Huwei. The scrip touched an intra-day high of Rs163 and a low of Rs154 and recorded volumes of over 58,000 shares on BSE.
GTL gained by a percent to Rs259 after the company announced that the founders raised their stake to 39.31% in the company. The scrip touched an intra-day high of Rs263 and a low of Rs255 and recorded volumes of over 24,000 shares on BSE.
Steel Stripes Wheels, manufacturers of single steel wheel rims, surged by over 3.5% to Rs174 after the company declared its March sales rose 30.7% to 5,53,000. The company also announced its March production which rose 30.2% to 5,56,000 units. The scrip touched an intra-day high of Rs174 and a low of Rs168.
Era Infrastructure marginally gained 0.2% to Rs587 after the company announced that it secured order worth Rs40mn from Jeet Builders. The scrip touched an intra-day high of Rs610 and a low of Rs555 and recorded volumes of over 51,000 shares on BSE.
Bank of Maharashtra was up by a over 3% to Rs50. The Bank's decision to establish General Insurance Joint Venture in partnership with M/s. Shriram Financial Services Holdings P Ltd, Chennai and Sanlam Ltd of South Africa, could not be finalized as per the Bank's requirement and hence the Bank has opted out of the said Joint Venture. The scrip touched an intra-day high of Rs51 and a low of Rs49 and recorded volumes of over 33,000 shares on BSE.
IVRCL Infrastructures advanced by over 2% to Rs394 after the company announced that the Buildings & Industrial Structure (B & IS) Division bagged orders of the value of Rs4.84bn. Scope of Work:- Construction of various Buildings varying from G+4 to G+25, approximate Construction Area of 40 Lacs Sq. ft, out of total Integrated Township of approximate 1.2 Crore Sq. ft construction area in 237 acres of land located on the Bank of River Ganges at New Bata Road, Batanagar, Mahestala, Kolkata, to be completed in 42 months. The scrip touched an intra-day high of Rs420 and a low of Rs387 and recorded volumes of over 1,00,000 shares on BSE.
FIIs were net sellers of Rs1.36bn (provisional) in the cash segment yesterday while local institutions pumped in Rs2.64bn. In the F&O segment, foreign funds were net buyers of Rs17.73bn yesterday.
On Tuesday, FIIs were net sellers of Rs11.88bn in the cash segment. Mutual Funds were also net sellers of Rs2.85bn on the same day.
Corporate News
HUL announces a performance-linked bonus along with a steep hike in salaries to its top management.
Tata Motors planning to raise 100bn yen on Tokyo exchange.
NTPC plans to enter into captive power generation and retail distribution in the upcoming SEZs.
TCS to invest Rs9bn in Pune to create a capacity for 20,000 seats over next three years.
A consortium of M&M and ICICI Ventures signed definitive agreement to buy 100% in Italian gear maker Metalcastello.
GMR Infra plans to raise US$3bn over the next 4-5 years to fund expansion of power projects.
NTPC has signed a JV with a state entity in Uttar Pradesh to set-up a 1,320 MW power plant.
American Tower Company (ATC) is close to investing in tower entity of Tata Tele.
Suzlon Energy’s US arm bags a contract to supply 200MW from a local company.
IVRCL’s buildings and industrial structure division wins orders worth Rs4.84bn.
TVS Motors plan to sell 60,000 electric scooters in 2008-09.
Welspun Gujarat is setting-up a new 0.3mtpa facility in the US.
Voltas wins a contract from a UAE-based company for construction of a cooling plant at the Dubai International Financial Centre.
Suzlon’s January-March results may see a hit due to company’s forex exposure.
Telekom Malaysia might partner with strategic investors to increase their combined stake in Spice Communications to 74%.
Gateway Distrparks’ arm to raise Rs3.3bn from private equity investors.
Provogue lines up JV for foray into infrastructure.
Maytas Consortium to build two airports for Rs2bn in Karnataka.
Royal Orchid Hotels has acquired a 50% stake in Cosmos Premises Pvt Ltd which owns Galaxy Resorts in Goa.
Steel Strips Wheels Ltd gets an order of Rs1.1bn for supply of about 1mn steel wheel rims over five years from Renault.
Zensar Technologies is targeting over 10% of revenues from West Asia and South Africa.
Koutons Retail promoters are looking at diluting 5-7% stake in 2009-10 to raise funds for more than doubling the number of exclusive outlets by 2011.
Economy News
Government has asked cold rolled (CR) steel makers to voluntarily reduce prices
Government is considering a ban on cement exports.
Retail rentals see little or no growth in Delhi NCR, Bangalore, Hyderabad and Kolkata while continue to soar in Mumbai in the past six months.
Railways increases freight rates on iron ore transportation by 5-6%.
Industrial output growth to dip further to 3.4% in April-July 2008 says Assocham.
Wednesday, April 2, 2008
Sensex to Roar 700-800 points
IT sector with Reliance pack to run ,Buy nifty on opening for.....
For more log to
http://www.freewebs.com/jgs-investments/marketwhisper.htm
Subscribe and earn money with us
For more log to
http://www.freewebs.com/jgs-investments/marketwhisper.htm
Subscribe and earn money with us
Tuesday, April 1, 2008
Worries inflate, but a better day!
Yesterday we boldy mention BTST Nifty,Tcs,Voltas See today
Market will open gap UP
For more visit
http://www.freewebs.com/jgs-investments/marketwhisper.htm
Market will open gap UP
For more visit
http://www.freewebs.com/jgs-investments/marketwhisper.htm
Saturday, March 29, 2008
ADVICE - Go with trend NOT against it ,Money Both Ways
FII net sell Rs.402cr. DII net sell Rs.729cr on 28.3.08
AGAIN WE GIVEN ALERT TO U ALL ON 31th MARCH AND AFTER
MKT BULL AND BEAR DAYS ALREADY CONFIRMED BY OURS.
NEXT WEEK MKT TREND.? BUT TREND IS CONFORMED.
NEXT WEEK MARKET TREND & NIFTY , SENSEX TARGET &
BULLISH AND BEARISH SECTORS AND TARGETS ARE
GIVEN PAID CLIENTS ONLY.
AGAIN WE GIVEN ALERT TO U ALL ON 31th MARCH AND AFTER
MKT BULL AND BEAR DAYS ALREADY CONFIRMED BY OURS.
NEXT WEEK MKT TREND.? BUT TREND IS CONFORMED.
NEXT WEEK MARKET TREND & NIFTY , SENSEX TARGET &
BULLISH AND BEARISH SECTORS AND TARGETS ARE
GIVEN PAID CLIENTS ONLY.
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