Inflation rose to a 45-month high of 8.1 per cent for the week ended May 17 on account of rising prices of fruits and vegetables, pulses, spices and some industrial fuels.
The Wholesale Price Index-based inflation was 7.82 per cent a week ago and 5.3 per cent during the corresponding week last year.During the week, prices of fish marine jumped up by 6 per cent, fruits and vegetables by 3 per cent, moong 2 per cent and spices by 1 per cent.
Friday, May 30, 2008
Inflation
ECG Compulsory
Important Announcement::::::::: SEBI HAS MADE ECG COMPULSORY WITH PANCARD FOR TRADING IN EQUITYs spcially for those who wish to trade in FNO
Breaking News
Confirm at your end: BREAKING NEWS: Windfall tax to be imposed on private oil companies. Very Very Negative for RIL and other Oil MAJORS.
Pressure on RIL seen
MCX LME
30-May-08
LME WAREHOUSE STOCK
COPPER -1450
NICKEL -414
ALUMINIUM -1100
ZINC +125
LEAD +1100
TIN +115
Colgate
Colgate's FY 2007-08 Net Sales up 14%, Net Profit from Operations up 25%; Dividend increased by 37% to Rs 13.00 / Share
sanur lower circut
sandur lower circut cmp 1219
hope most ppl book profit
risky players can still hold
Infosys Technologies
Infosys Technologies plans to set up an Information Technology Special Economic Zone (ITSEZ) in Bhubaneswar with an estimated investment of Rs 300 to Rs 350 crore. The company has sought 50 acres of land for the project from the state government.
DLF
DLF Achived 1st TGT 598
Made High of 601
Near our 2nd Tgt
Always book some quantity on every tgt
and after hitting tgt
kept sl to cost (for min risk players)
Rpower
RPower has got Xbonus today. CMP is 253 hence investors are getting Rs.253x3=506 per share. Thats almost 14% more than IPO price
JPT Freeze
JPT Frreze Again
CMP 63
Anyone can book profit here
we bought a 47
Massie 33.33% GAIN
IN 7 TRADING SESSIONS ONLY
(WE BUY ON 22-MAY-08)
Sandur CMP 1283 only reisk players hold
other pls book profit
50% profit
we bought at 925
Enjoy
Nifty 30-May-08
Nifty(4835.30)
Once again market turned volatile and closed in the red even after positive opening and positive global cues. So still people are afraid of taking a short or medium turn view on our market. Long term view is very much optimistic. But for the short term we believe that there is no such positive surprise that is going to drive the market up again from here. For today supports are 4772, 4709 and resistances are 4864, 4927
News 30-May-08
Headlines for the day
News 30-May-08
Corporate News Headline
Infosys is planning to invest Rs. 5 bn in Orissa for setting up an SEZ in IT and ITeS sectors. (ET)
Reliance Communications and South African telecom firm MTN has started to work out a deal involving swapping of equity between them. (ET)
SBI has borrowed Rs. 130 bn from the RBI amidst tight liquidity conditions and spiralling oil prices. (ET)
Economic and Political Headline
The government is planning to raise petrol and diesel prices by Rs. 3-4 a litre and Rs. 2 a litre, respectively to curtail losses of state-owned oil firms. (BS)
The government allowed infrastructure companies to raise up to USD 100 mn through ECBs for rupee expenditure under the approval route. (BS)
The US GDP rose at a seasonally adjusted 0.9% annual rate during January through March because of a better trade balance and stronger business spending. (WSJ)
MCX CLOSE 29-May-08
MCX CLOSING RATE 29-May-08
CLOSING RATE:- CRUDE:-5417,GOLD:-12087,SILVER:-23171,COPPER:-335.15,ZINC:-83.80,NICKEL:-94 3.50,LEAD:-82.30,NATURAL GAS:-492.50
Thursday, May 29, 2008
Nifty View
NIFTY FUT CMP 4931..NIFTY FUT SUPPORT AREA 4880-4830.NIFTY FUT RESISTANCE 4970- 5009...INTRADAY NIFTY FUT WEAK BELOW 4902 LEVEL.& GOOD ABOVE 4940
News
Indicators like foreign funds buying in both futures and options, Nifty May ending in premium, and Nifty May put-call ratio increasing to 1.29 from 1.25 point to a further rise in Indian stocks on Thursday.
Gold 29-May-08
29 MAY 08
GOLD 05 JUN
Trend Point :12422
S-1 12281 R-1 12584
S-2 12119 R-2 12725
S-3 11978 R-3 12887
MCX Trends 30-May-08
30-May-08 Trends
LEAD 30 MAY
Trend Point :85.80
S-1 84.50 R-1 87.65
S-2 82.65 R-2 88.95
S-3 81.35 R-3 90.80
NICKEL 30 MAY
Trend Point:969.50
S-1 947.50 R-1 989.00
S-2 928.00 R-2 1011.00
S-3 906.50 R-3 1031.00
ZINC 30 MAY
Trend Point :89.95
S-1 88.45 R-1 91.60
S-2 86.80 R-2 93.10
S-3 85.30 R-3 94.75
ALUMINIUM 30 MAY
Trend Point :124.75
S-1 122.65 R-1 126.85
S-2 120.55 R-2 128.95
S-3 118.45 R-3 131.05
COPPER 30 JUN
Trend Point :346.90
S-1 343.30 R-1 351.35
S-2 338.85 R-2 354.95
S-3 335.25 R-3 359.40
CRUDEOIL 13 JUN
Trend Point :5530
S-1 5440 R-1 5685
S-2 5285 R-2 5775
S-3 5195 R-3 5930
SILVER 05 JUL
Trend Point :24129
S-1 23784 R-1 24584
S-2 23329 R-2 24929
S-3 22984 R-3 25384
GOLD 05 JUN
Trend Point :12422
S-1 12281 R-1 12584
S-2 12119 R-2 12725
S-3 11978 R-3 12887
Headlines for the day
Headlines for the day
29-May-08
Corporate News Headline
Reliance Industries and Hindustan Petroleum Corporation have shown their interest in taking over three state-controlled sick sugar factories in Bihar. (ET)
Tata Motors approved a plan to raise up to Rs. 72 bn through three simultaneous rights issues to part-finance its purchase of the Jaguar and Land Rover brands for Rs 92.28 bn. (ET)
M&M has planned to invest Rs. 20 bn into its automotive business. (BS)
Economic and Political Headline
The Finance Ministry denied about new tax proposals to help ease mounting losses at state oil firms due to soaring crude prices were. (ET)
The RBI raised the interest rate ceiling on trade credits used for funding imports with maturity up to one year. (ET)
The Orders for the US durable goods excluding cars and planes unexpectedly rose 2.5% in April, signalling that international customers are helping factories ride out the economic slowdown. (Bloomberg)
Wednesday, May 28, 2008
Market is Trading below its 50 DMA (4915-Nifty Fut) for consecutive 3 days, which is very bearish indication, unless Nifty Fut closes above 4920 no major covering is expected.....
LME STOCK COPPER: UP 1400 ZINC: UP 7000 ALUMINIUM : UP 1225 KEDIA NICKEL: DOWN -54 LEAD: DOWN -25 TIN: UP 10 28/05/2008 13:30
KEDIA: LME NET CAN. WARRANT COPPER: DOWN -1325 ZINC: DOWN -150 ALUMINIUM : DOWN -425 KEDIA NICKEL: DOWN -204 LEAD: DOWN -675 TIN: DOWN -150 28/05/2008 13:30
Unitech
Realty firm Unitech has informed the Bombay Stock Exchange that the department of telecommunications (DoT) has issued 4.4 4 MHz of spectrum in 1800 MHz GSM to the company's subsidiary to operate in Andhra Pradesh.
RPower
Adjustment of Futures and Options contracts in the security Reliance Power Limited (RPOWER very important) *****All existing contracts i.e. contracts with expiry dates May 29, 2008, June 26, 2008 and July 31, 2008 will expire on May 29, 2008.****Derivatives contracts on RPOWER shall be reintroduced from May 30, 2008 being the ex-date of the underlying
Visa Steel
visa steel is going to announce big expansion and iron ore mining ... it can be next adhunik in making ..price target is 150 and in short ternm may touch 90 in 1 month
GOVT LIFTS BAN ON CEMENT EXPORTS FROM GUJARAT PORTS: MOVE TO BENEFIT AMBUJA CEMENT, ULTRATECH CEMENT
Sandur
Circut open
book profit sme.............
cause circut is opening oftenly now
risky players can hold some
i also hold some :D
Sandur & JPT Freeze
Sandur & JPT Freeze Again.............
JPTSec 57.4
Sandur 1244
:D
Enjoy!!!!!!!!!
Book some profits also.........
MCX - Gold & Silver Levels
MCX - Gold & Silver Levels
28-May-08
GOLD
Support
12510/12480/12450
Resistance
12635/12700/12725
SILVER
Support
24150/24000/23900
Resistance
24625/24750/24900
Headlines for the day - 28-May-08
28-May-08
Corporate News Headline
Tata Steel received mineral concession approvals from the Ministry of Mines for two large mines. (ET)
Reliance Communications and South Africa´s MTN Group agreed in principle to a reverse takeover. (WSJ)
Tata Communications signed a MoU with Emirates Telecommunications Corp to provide enterprise grade network services in the UAE. (ET)
Economic and Political Headline
The government is considering options like revising import duties on petroleum products, imposing cess on income tax, as well as additional oil bonds to compensate for losses suffered by oil marketing companies. (BS)
The government partly relaxed the ban on cement exports, which was imposed on April 11 this year to improve the availability of the commodity in the country. (BS)
In the first quarter, the US home prices across the country fell 14% from a year earlier as the subprime-loan meltdown weighs on the sector. (WSJ)
MCX Open
Open
28-May-08
SPOT/open
GOLD-905.60
SILVER-17.42
CRUDE-128.66
NOW:-
GOLD-908.80
SILVER-17 .50
CRUDE-128.80
EUR-1.5694
GBP-1.9743
JPY-104.14
Tuesday, May 27, 2008
MCX Close 27-MAy-08
27-May-08
CLOSING RATE:- CRUDE:-5540,GOLD:-12524,SILVER:-24220,COPPER:-349.80,ZINC:-91,NICKEL:-991,L EAD:-86.85,NATURAL GAS:-513.90
NSE Gainers & Losers
27-May-08
NSE Gainers (Nifty)
Company Current Price Previous Close % Change Volume
STERLITE (I) 902.75 871.20 3.62 1,064,236
SATYAM COMPU 498.50 482.05 3.41 3,375,893
CIPLA 205.15 199.20 2.99 1,259,832
WIPRO 490.90 478.85 2.52 1,359,366
I T C 209.10 205.50 1.75 10,010,813
TATA MOTORS 631.40 620.65 1.73 582,824
REL COM 551.95 542.95 1.66 3,605,773
TCS 968.90 955.45 1.41 1,420,518
GUJ AMB CEME 97.75 96.45 1.35 1,751,297
ZEE TELE 230.60 227.70 1.27 1,023,107
NSE Losers (Nifty)
Company Current Price Previous Close % Change Volume
UNITECH P 248.20 259.85 -4.48 5,154,333
S B I 1474.40 1537.95 -4.13 1,448,748
POWGRICO LTD 96.65 99.65 -3.01 1,865,560
CAIRN IND 298.50 307.30 -2.86 10,479,520
SUZLONENERGY 297.30 305.05 -2.54 3,036,914
REL PET 176.00 180.25 -2.36 15,302,206
IDEA CELL 107.85 110.40 -2.31 8,364,669
PUNJAB NATIONAL B 490.85 500.80 -1.99 741,772
HOUS DEV FIN 2519.85 2567.00 -1.84 693,669
TATA POWER 1355.90 1379.85 -1.74 289,561
NSE Gainers (Non-Nifty)
Company Current Price Previous Close % Change Volume
ZANDU PHARM 7986.60 6850.05 16.59 3,574
SUNDARM FIN 627.45 580.00 8.18 33,536
AUTOMOTIVE STA 64.45 60.00 7.42 1,320
INDUJ ENERTECH 34.10 31.85 7.06 223,839
CHAMBAL FERT 76.15 71.50 6.50 33,343,694
V L S FINANCE 21.45 20.40 5.15 127,472
INDO NATIONL 469.95 447.10 5.11 406
GOLDSTONE TELE 65.00 61.90 5.01 414,659
GENESIS INTL 124.90 118.95 5.00 3,214
ABAN LLOYD 4063.00 3873.35 4.90 347,787
NSE Losers (Non-Nifty)
Company Current Price Previous Close % Change Volume
RUBY MILLS 1107.60 1259.35 -12.05 68
JAYPEE HOTEL 123.60 135.65 -8.88 8,408
JYOTI STRUCT 131.25 141.35 -7.15 154,655
GREENPLY IND 195.05 210.00 -7.12 29,494
DYNAMATIC TEC 1121.35 1199.00 -6.48 43
I F B IND 39.15 41.85 -6.45 3,735
R P G LIFE SC 28.10 29.95 -6.18 175,626
KHAITAN ELECT 59.80 63.65 -6.05 58,175
EICHER MOTOR 357.95 379.75 -5.74 1,555,069
BANK OF RAJ 109.55 116.15 -5.68 1,959,975
BSE Gainers & Losers
27-May-08
BSE Gainers (Sensex) :
Company Current Price Previous Close % Change Volume
SATYAM COMPU 499.00 483.10 3.29 641,113
CIPLA 205.05 199.00 3.04 248,791
WIPRO 491.60 478.65 2.71 234,858
I T C 209.10 205.70 1.65 1,554,890
REL COM LTD 551.75 543.20 1.57 1,384,362
AMBUJA CEME 97.60 96.65 0.98 304,843
NTPC LTD 177.40 175.70 0.97 1,369,241
RELIANCE ENR 1259.30 1248.60 0.86 595,754
TCS 966.60 958.80 0.81 410,209
RANBAXY LABORATORIES LTD. 493.55 490.65 0.59 70,199
BSE Losers (Sensex) :
Company Current Price Previous Close % Change Volume
S B I 1473.30 1537.70 -4.19 524,327
HOUS DEV FIN 2519.75 2573.30 -2.08 121,194
ICICI BANK 812.55 826.70 -1.71 653,441
O N G C 884.35 896.40 -1.34 324,550
RELIANCE 2493.20 2524.85 -1.25 632,100
H D F C BANK 1331.30 1347.45 -1.20 107,838
TATA STEEL 867.95 874.95 -0.80 936,327
DLF LTD 596.45 601.25 -0.80 910,538
HINDALCO 185.50 186.40 -0.48 323,731
JAIPRAK ASSO 223.45 224.40 -0.42 2,139,209
BSE Gainers (Non-Sensex) :
Company Current Price Previous Close % Change Volume
ZANDU PHARM 8043.50 6851.00 17.41 4,324
SPICE MOBIL 30.35 26.25 15.62 944,401
ANKIT METAL 101.85 90.10 13.04 157,694
NOUVEAU MULTI 30.40 27.65 9.95 400
GARNET INTL 76.85 69.90 9.94 9,818
WELCAST STEEL 668.00 608.00 9.87 195
PREMIER EXPL 36.75 33.45 9.87 6,106
INDAG RUBBER 89.30 81.30 9.84 95,528
AISHTELECOM 108.75 99.75 9.02 14,161,379
NILE LTD 148.10 136.00 8.90 41,832
BSE Losers (Non-Sensex) :
Company Current Price Previous Close % Change Volume
ELGI EQUIP PPS 36.10 45.00 -19.78 26
CIRCUIT SYSTEM 19.00 21.60 -12.04 25,965
HITECH PLAST 81.40 90.80 -10.35 554
BOMBAY SWAD STOR 91.65 101.80 -9.97 20
JAYPEE HOTEL 121.50 134.95 -9.97 11,234
SKYL MILLAR 127.85 142.00 -9.96 861
STELCO STRIP 44.85 49.80 -9.94 946,560
MAGNA ELECTR 72.00 79.90 -9.89 3,117
KISAN MOULD 33.15 36.75 -9.80 6,210
TRISHAKTI ELECTRON 39.75 44.00 -9.66 1,422
MF & FII Watch - 26-May-08
MF Watch
Purchase ( Rs Crore ) Sale ( Rs Crore ) Investment ( Rs Crore)
538.30 486.70 51.60
FII Watch *
Purchase ( Rs Crore ) Sale ( Rs Crore ) Investment ( Rs Crore) Investment ($US mm)
2350.70 2851.20 -500.50 -124.10
Bilk Deals - 27-May-08
Bulk deal: Chambal Fertilisers & Chemicals tops the chart on NSE
On Tuesday, New Vernon India bought 2.39 million shares at Rs 76.01 a share of Chambal Fertilisers & Chemicals at the National Stock Exchange (NSE).
While at the Bombay Stock Exchange (BSE), Pasari Export sold 400,000 shares at Rs 13 a share of Pasari Spinning Mills.
Indiastar Mauritius sold 272,515 shares at Rs 49.65 a share of Radha Madhav Corporation.
Newgen International sold 183,686 shares at Rs 9.01 a share of Cat Technologies.
Himat Purshottambhai Jatania bought 93,000 shares at Rs 215 a share of Refex Refrigerants.
Goldstar Finvest bought 80,000 shares at Rs 106.07 a share and Kashish Finstock bought 100,000 shares at Rs 108.88 a share of Aishwarya Telecom.
Maruti Securities sold 76,539 shares at Rs 257.01 a share of Bang Overseas.
Cresta Fund bought 70,000 shares at Rs 66.33 a share and Lotus Global Investment bought 30,727 shares at Rs 67.55 a share of Gee Kay Finance & Leasing Company.
Chintan Bhaidani bought 60,000 shares at Rs 28 a share of Sanguine Media.
Imperial Corporate Fin And Serp sold 59,950 shares at Rs 74.47 a share of Mold-Tek Technologies.
Shiva G Gole bought 50,000 shares at Rs 44.94 a share of Stelco Strips.
Cresta Fund bought 26,000 shares at Rs 80.12 a share of Tribhuvan Housing.
Paresh Chandrakant Doshi bought 21,031 shares at Rs 51.07 a share of Shloka Infotech.
Earn higher returns than bank FD, post off, RBI relief bond. invest in Mutual Fund FMP(8-8.5%approx) after tax returns.
CNN-IBN Hourly Breaking News
CNN-IBN Hourly Breaking News:: The Petroleum Ministry has proposed to raise petrol prices by Rs.10 a litre, diesel by Rs.5 per litre and that of cooking fuel Rs.50 per cylinder to cut losses being incurred by three state-run firms--Indian Oil, Bharat Petroleum and Hindustan Petroleum. The proposal has been submitted by the Petroleum Minister Murli Deora to the Finance Minister P. Chidambaram for his approval. Sources await price rise news to be published anytime this day or during the week.
Because of market pressure the sales of ZANDU baam has shot up and so is the price now, See Zandu Pharma
please note there is a rumour floating in the market of 3 % cess on income tax ...technically its not possible as it can only done thru budget session in parliament ...and no one is sure who will present budget ...it might be NDA also ...so dont allow this kinnd of nonsense rumours to affect ur investment decision
Bank of Baroda - Melting..
it is melting like butter............
2nd & final target also hits 262
low was 261
massive 11.50 rs gain
Enjoy!!!!
Sita Shree Food Products Ltd
Sita Shree Food Products Ltd has has received 400 metric ton orders from Reliance Fresh to deliver wheat flour and pulses, a rise of about 250%, from the last order of 160 MT
LME STOCK COPPER: DOWN -975 ZINC: DOWN -25 ALUMINIUM : DOWN -1925 NICKEL: DOWN -132 KEDIA LEAD: DOWN -400 27/05/2008 13:31
Asian markets are trading strong and European markets are also looking good. Good global cues lend strength to the Indian market. Sensex is trading at 16474, up 126 points and Nifty is at 4930, up 55 points from the previous close. The CNX Midcaps index and BSE Smallcaps index are both almost up 0.7%. The market breadth is positive with 836 advances against 372 declines on the NSE
Bank of baroda
Bank of Baroda Melting................
cmp 267.5
6 rs gain
anyone can book profit here
others can hold with put sl to cost(273.5)
RISK!!!!!!!!!!!!!!!!!!!!!
Buying Multibaggers is risky also, for less risk follow the calls from delivery calls
Visa Steel
Buy Visa Steel @58 target 90 in 1 month ..china's largest steel maker bao steel is holding substantial stake in it ... a dividend of RS 3/- is expected in tomorrow meeting
Monsoon Coming................
India's southwest monsoon, is expected to hit the mainland in the next 3-4 days, according to a meteorological department statement issued Monday. "The conditions are becoming favorable for onset of monsoon over Kerela during the next 3-4 days," it said. India's southwest monsoon usually arrives at the Kerela coast by June and covers the entire country by September. The meteorological department has predicted a "near-normal" monsoon for 2008
Nifty 27-May-08
NIFTY FUT CMP 4875.NIFTY FUT SUPPORT 4850-4810& RESISTANCE 4920-4970.
Nifty Outlook:: Hurdles :4937-----4956
(Will try to kiss 5000 level too )
Support @ 4862-------4841
Asian markets trading firm
Asian markets were trading firmed. China's Shanghai Composite fell 3.13% or 108.55 points at 3,364.54.
However, Japan's Nikkei was up 0.82% or 112.43 points at 13,802.62.
Hong Kong's Hang Seng gained 0.56% or 136.21 points at 24,263.52.
Taiwan's Taiwan Weighted rose 0.56% or 48.86 points at 8,756.69.
South Korea's Seoul Composite advanced 0.94% or 16.98 points at 1,817.56.
Singapore's Straits Times was flat at 3,104.24.
Bafna Pharmaceuticals IPO opens for subscription
Bafna Pharmaceuticals will open for subscription today with its public issue of 64,00,000 equity shares of Rs 10 each at a price of Rs 40 per equity share (including share premium of Rs 30 per equity share) for cash aggregating Rs 25.60 crores .
The issue will constitute 40.05% of the post issue paid-up capital of the company. The issue price is 4 times of the face value. The shares are proposed to be listed on the BSE.
Objects of the issue are as follows:
* Brand building in domestic markets Rs 10.44 crore.
* Part payment of loan from SBI Rs 4 crore.
* Brand building in international markets Rs 3.03 crore.
* Setting up R&D facilities Rs 3 crore.
* MHRA Accrediation Rs 1.08 crore.
* Public Issue expenses Rs 2.05 crore.
Cameo Corporate Services is the Registrar to the Issue.
Ashika Capital and Keynote Corporate Services are the Lead Managers to the Issue.
Niraj Cement IPO opens for subscription
Niraj Cement Structurals, an engineering and construction company, will open for subscription today with an initial public offering, IPO of 32,50,000 equity shares of face value Rs 10 each on May 26, 2008. The price band has been fixed at Rs 175-Rs 190 per equity share. The issue will close for subscription on May 30, 2008.
Niraj Cement Structurals, an engineering and construction company, will enter the capital market with an initial public offering, IPO of 32,50,000 equity shares of face value Rs 10 each through 100% book building process on May 26, 2008. The price band has been fixed at Rs 175-Rs 190 per equity share. The issue will close for subscription on May 30, 2008.
The issue price is 17.5 times the face value at the lower end of the price band and 19 times the face value at the higher end of the price band.
The issue comprises a reservation for eligible employees of 3,25,000 equity shares and net issue to the public of 29,25,000 equity shares. The issue would constitute 31.42% of the total post issue paid-up equity capital of the company.
The company proposes to utilize the net proceeds of the issue to finance its plan for investment in capital equipment on a recurring basis, fund long term working capital requirements for general corporate purposes.
Niraj is catering to road projects and has capability to execute various road construction projects. Its major clients include Orissa Work Govt. Dept, Indore Development Authority, Jaipur Development Authority, Kidco and New Mangalore Port Trust. Its present areas of operations are road construction and other infrastructure related works including providing EPC services. The company's total turnover for FY2008 was Rs 92.86 crore and PAT at Rs 6.52 crore.
The equity shares offered through this issue are proposed to be listed on the BSE. The issue has been graded by CARE and has been assigned the ‘CARE IPO GRADE 1’.
The Book running lead manager to the issue is Allbank Finance Limited and Intime Spectrum Registry Limited is registrar.
NSE Bulk Deals 26-May-08
NSE Bulk Deals 26-May-08
Tran Qty Price Close Company Client
Sell 70376 174.9 173.95 Kiri Dyes Chem Dipak Ramanbhai Rathod
Buy 80376 172.92 173.95 Kiri Dyes Chem Dipak Ramanbhai Rathod
Sell 1295750 18.8 19.5 Maxwell Apparel Vinay Jaipal Reddy
Sell 1295950 18.7 19.5 Maxwell Apparel Prashant Jaipal Reddy
Buy 1295950 18.7 19.5 Maxwell Apparel Sunil Jaykumar Pathare
Buy 1295750 18.8 19.5 Maxwell Apparel Kapil Jaykumar Pathare
Sell 134687 46.03 42.25 Sita Shree Food Transglobal Securities Ltd.
Sell 220734 45.51 42.25 Sita Shree Food Kashish Finstock
Sell 614482 47.22 42.25 Sita Shree Food Gopal Traders
Sell 132637 48.28 42.25 Sita Shree Food Dipak Ramanbhai Rathod
Buy 134687 46.14 42.25 Sita Shree Food Transglobal Securities Ltd.
Buy 121907 44.52 42.25 Sita Shree Food Kashish Finstock
Buy 83012 45.63 42.25 Sita Shree Food Gopal Traders
Buy 139218 46.06 42.25 Sita Shree Food Dipak Ramanbhai Rathod
BSE Bulk Deals 26-May-08
BSE Bulk Deals 26-May-08
Tran Qty Price Close Company Client
Buy 100000 98.6 99.75 Aishwarya Tele Kashish Finstock
Buy 54850 100.49 99.75 Aishwarya Tele Sanjay Kumar Yadav
Sell 182058 100.14 99.75 Aishwarya Tele Vijay Y Nanvare
Sell 101761 97.81 99.75 Aishwarya Tele N D Nissar
Sell 123985 99.82 99.75 Aishwarya Tele Chirag Mahendra Shah .
Sell 100000 99.75 99.75 Aishwarya Tele Kashish Finstock
Sell 54850 98.1 99.75 Aishwarya Tele Sanjay Kumar Yadav
Buy 182058 99.31 99.75 Aishwarya Tele Vijay Y Nanvare
Buy 101761 97.78 99.75 Aishwarya Tele N D Nissar
Buy 123985 99.76 99.75 Aishwarya Tele Chirag Mahendra Shah .
Buy 62215 46.18 45.9 Anjani Syntheti Narendra Vallabhji Bahuva
Buy 100000 171.5 167.35 Bihar Tubes Geomatrix Hk Ltd Ac Dumauritius Capital Ltd
Sell 606695 6 6 Cybermate Info S V Enterprises
Buy 608633 6 6 Cybermate Info S V Enterprises
Buy 20000 12.7 12.4 DMC Intern J A Financial And Management Consultants Pvt. Ltd.
Sell 25000 66.8 67 Geekay Fin Neelu Singhal
Buy 150000 67.04 67 Geekay Fin Cresta Fund Ltd
Sell 136600 20.08 20.1 HFCL Infotel Hemant Prakash Kanugo
Buy 136600 20.09 20.1 HFCL Infotel Manohar Manak Alloys Pvt.ltd
Buy 72000 5.58 5.6 Indo-City Tr Anil Jain Huf
Sell 58590 37.2 37.05 Jumbo Bag Chintan Bhaidani
Sell 99630 37.18 37.05 Jumbo Bag Vinay Jain
Buy 22988 3.38 3.4 Jyoti Resins Ujjval Dineshbhai Patel
Sell 250000 12.96 13.02 Pasari Spinning Pasari Export Ltd
Sell 251208 13.18 13.02 Pasari Spinning Spjstock
Sell 100274 13.24 13.02 Pasari Spinning Hardik M Mithani
Buy 246308 13.04 13.02 Pasari Spinning Spjstock
Buy 100274 13.15 13.02 Pasari Spinning Hardik M Mithani
Sell 192288 52.76 52.25 Radha Madhav Indiastar Mauritius Limited
Sell 52453 29.52 29.3 Rama Pulp Narendra Hirabhai Maravia
Buy 52453 30.55 29.3 Rama Pulp Narendra Hirabhai Maravia
Sell 58981 143.6 141.4 Repro India Astute Commodities And Derivatives Pvt Ltd
Buy 194306 167.57 175.95 Rohit Ferro Tec Goldman Sachs Investments Mauritius I Ltd
Buy 174099 46.7 42.3 Sita Shree Food N D Nissar
Sell 174099 46.66 42.3 Sita Shree Food N D Nissar
Sell 209199 43.13 42.3 Sita Shree Food Kashish Finstock
Buy 47000 237.67 241.25 Tulip StarHotel Manish Mehta
Sell 60000 66 61.45 Well Pack Paper Devendra Suresh Gupta
Buy 60000 65.35 61.45 Well Pack Paper Devendra Suresh Gupta
Latest Grey Market Premium Dt. 26-5-2008
Latest Grey Market Premium Dt. 26-5-2008
Company Name Offer Price Premium Kostak
(Rs.) Rs.) (Rs. 1 Lac.)
Gokul Refoils 195 12 to 15 ---
Anus Laboratories 210 30 to 35 --
Niraj Cement 175 to 190 15 to 17 1700 to 1800
Bafna Pharmaceutical 40 8 to 10 1900 to 2000
(Fixed Price)
Sensex & Nifty Supports
Sensex Support 16546-16457-16365-16202-15845. Resistance 16818-16868-17057.
Nifty Support 4883-4788-4561. Resistance 4981-4998-5040-5062.
Birla Funds Declare Dividends
Birla Top 100 declares 15% div. R.D. 30-5-08, NAV 16.50 approx
Birla SL 95 declares 50 % div. R.D. 30-5-08, approx NAV 100
Headlines for the day 27-May-08
Corporate News Headline
Reliance Power and GMR Infrastructure are planning to bid for PowerSeraya and Senoko Power, which account for more than 60% of the power produced in Singapore. (BS)
BHEL won a contract worth Rs. 11.5 bn for setting up energy efficient and environment-friendly captive power plant with 153 MW capacities at Bhatinda in Punjab. (BS)
TCS bagged a USD100 mn five-year contract with NXP Semiconductors. (ET)
Economic and Political Headline
The RBI governor Y V Reddy expressed that India´s fiscal deficit continues to be among the highest in the world and underlying pressures are not entirely reflected in headline fiscal numbers. (BS)
Despite a significant slowdown in capital inflows and the rupee weakening 8% since January, the government is unlikely to relax restrictions on domestic companies borrowing overseas in the near term. (BS)
The US Federal Reserve and government have taken steps to calm financial markets and to ease the housing crisis. (Bloomberg)
CRISIL assigns IPO grade 5/5 to MCX
CRISIL has come out with a research report on Multi-Commodity Exchange of India's IPO. It has assigned a CRISIL IPO Grade 5/5 to the company's IPO. The company proposes an IPO in the form of an offer for sale of 4 million shares by the promoters and a fresh issue of 6 million shares. Subsequent to the IPO, the promoters' stake in the company will reduce to 26.1 per cent.
CRISIL's report on Multi- Commodity Exchange of India's IPO:
CRISIL has assigned a CRISIL IPO Grade 5/5 to the proposed initial public offer of Multi-Commodity Exchange of India (MCX). This grade indicates that the fundamentals of the issue are strong relative to other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy / sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor.
CRISIL expects MCX to maintain its dominant market position in the commodities market, backed by product innovation and strong technological capabilities. Currently, MCX enjoys market leadership, with a share of 77 per cent in volumes traded on commodities exchanges in India. The company has consciously focused on commodities such as bullion, energy and metals, which are benchmarked to international prices. The high liquidity in these commodities and the low impact costs (comparable to other leading exchanges), along with MCX’s strong technological capability - aided by its association with the promoter, FTIL, a leader in exchange related technology - are expected to help the company maintain its competitive advantage. MCX’s profitability and return indicators have been strong in the past 4 years.
Growth is likely to moderate in the short term due to the impact of the commodity transaction tax (CTT). However, in the medium term, MCX’s strong market position and continuous focus on product innovation would act as growth drivers. In the long term, growth could be spurred by the introduction of new instruments (like options) and participation by institutional players, once the necessary regulatory changes are in place. Mr Jignesh Shah, the founder and Non-Executive Vice Chairman and Mr Joseph Massey, the MD & CEO of MCX, have been the driving force behind the company’s business growth and product innovation. MCX also benefits from a strong and experienced senior management team as well as a highly capable product innovation and development team.
About the company and the issue
Multi-Commodity Exchange of India Pvt Ltd. was incorporated on April 19, 2002. The proposed IPO is in the form of an offer for sale of 4 million shares by the promoters and a fresh issue of 6 million shares. Subsequent to the IPO, the promoters' stake in the company will reduce to 26.1 per cent.
On September 26, 2003, MCX received permanent recognition from the Government of India for facilitating online trading, clearing and settlement operations for commodity futures markets across the country. MCX offers trading in 56 different commodities categorised into various market segments such as bullion, energy, ferrous and non-ferrous metals, oil and oil seeds, cereals, pulses, plantations, spices, fibre and others. The company has leadership position in bullion, energy and
metals trading in India.
Of the company's total turnover, bullion accounts for 53 per cent, metals for 28 per cent, energy for 16 per cent and agricultural commodities account for the rest. Globally, MCX is the largest silver exchange, second-largest natural gas exchange, third-largest gold, crude oil and copper exchange in terms of number of contracts traded in each of these commodities. MCX was the first exchange to launch futures trading in steel, crude oil and plastics in India. The company has launched weather indices such as RAINDEX - to track the progress of monsoon rains in locations such as Mumbai, Indore and Jaipur - and also trading in carbon credits on the exchange. MCX was also the first exchange to initiate evening trading sessions to coincide with trading on international exchanges such as London, New York and other international markets. The company's initiative to constantly innovate and develop new products is expected to help increase volumes.
For the year ended March 31, 2007, MCX reported a net profit of Rs 930 million on a turnover of Rs 2 billion, as compared with a net profit of Rs 375 million and revenues of Rs 1 billion in the previous year.
27-May-08 - Crusial Levels
27/5/2008 Tuesday
INTRA INTRA BUY SELL
CRUCIAL DAY DAY SIGNEL SIGNEL CLOSING
POINT R1 S1 ABOVE BELOW SYMBOL
4895 4949 4838 4931 4880 4875 NIFTY
4884 4924 4851 4903 4873 4875 NIFTY FUTURE
16382 16519 16267 16452 16347 16348 BSE
6787 6883 6668 6860 6758 6742 BANK NIFTY
4394 4487 4344 4414 4347 4422.2 CNX IT
655 662 651 658 653 654.9 ACC
78 80 77 79 78 77.9 ANDHRABANK
42 44 40 43 41 42.25 APOLLOTYRE
126 131 121 129 124 125.55 ARCHIES
48 50 46 48 47 48.05 ARVINDMILL
37 38 36 38 37 37.1 ASHOKLEY
1220 1244 1207 1226 1209 1225.75 ASIANPAINT
614 651 560 647 600 594.5 BAJAJAUTO
278 283 272 283 277 275.25 BANKBARODA
321 328 315 325 318 320.85 BANKINDIA
269 274 263 273 268 266.9 BHARATFORG
863 877 853 869 858 863.45 BHARTIARTL
1680 1723 1619 1719 1666 1655.65 BHEL
466 471 463 468 465 466.5 BIOCON
944 968 912 963 935 933.7 BOMDYEING
59 60 58 60 59 59.3 BONGAIREFN
350 360 340 357 347 347.75 BPCL
223 226 220 224 221 222.3 CANBK
344 356 337 348 338 347.35 CHENNPETRO
201 205 195 204 199 199.2 CIPLA
768 785 759 772 759 773.25 CMC
438 447 427 445 435 434.8 COLGATE
340 345 338 342 339 340.95 CORPBANK
93 94 91 94 92 92.05 DABUR
690 710 672 700 681 689.75 DRREDDY
386 391 381 388 383 385.95 GAIL
148 151 144 151 148 146.45 GNFC
2232 2281 2168 2271 2215 2209.7 GRASIM
98 102 92 101 96 96.45 GUJAMBCEM
178 181 176 179 176 178.8 HCL-INSYS
294 303 289 296 289 296.95 HCLTECH
2599 2676 2499 2659 2571 2567 HDFC
1355 1379 1329 1371 1347 1347.6 HDFCBANK
787 798 780 791 784 787.3 HEROHONDA
189 193 183 192 187 186.15 HINDALCO
233 239 227 237 231 231.25 HINDLEVER
241 245 238 244 240 240.5 HINDPETRO
832 854 800 851 824 820.3 ICICIBANK
58 60 57 59 58 57.75 IFCI
160 164 157 162 159 160.05 INDIACEM
1857 1929 1819 1870 1816 1885.05 INFOSYSTCH
133 136 128 136 132 130.55 IOB
33 34 32 34 33 32.55 ISPATIND
206 212 201 209 204 205.5 ITC
530 550 519 534 519 536.5 JETAIRWAYS
227 232 219 231 225 223.4 JPASSOCIAT
666 684 642 681 660 657.85 KOTAKBANK
326 332 320 328 323 326.1 LICHSGFIN
2769 2813 2714 2804 2756 2747.85 LT
647 657 635 654 644 643.2 M&M
766 779 751 774 761 761.75 MARUTI
382 394 375 386 376 385.15 MASTEK
1591 1615 1562 1609 1583 1580.6 MCDOWELL-N
177 180 174 179 175 176.5 MOSERBAER
86 88 85 87 86 86 MRPL
100 101 98 101 99 98.85 MTNL
534 549 526 537 525 539.55 NATIONALUM
103 106 102 104 102 103.75 NIITLTD
176 179 172 177 174 175.55 NTPC
897 912 883 906 892 894.9 ONGC
197 202 190 202 196 194.35 ORIENTBANK
271 278 267 273 268 273.1 PATNI
503 512 494 508 500 500.8 PNB
104 108 100 105 102 104 POLARIS
493 499 485 497 491 490.15 RANBAXY
0 0 0 0 0 0 REL
1281 1301 1262 1292 1273 1277.3 RELCAPITAL
2524 2555 2494 2542 2515 2515.6 RELIANCE
300 309 293 303 296 300.55 ROLTA
181 183 178 182 179 180.25 RPL
168 170 165 170 167 166.8 SAIL
481 493 472 486 476 482.05 SATYAMCOMP
1543 1564 1522 1555 1535 1537.95 SBIN
284 291 278 287 281 283.85 SCI
581 590 573 585 578 579.9 SIEMENS
878 896 856 891 871 871.2 STER
300 313 293 303 293 305.05 SUZLON
72 74 70 74 72 72 SYNDIBANK
376 383 366 381 374 372 TATACHEM
200 211 193 204 195 202.65 TATAELXSI
625 634 614 632 622 620.65 TATAMOTORS
1390 1425 1350 1414 1377 1379.85 TATAPOWER
878 894 862 888 872 874.6 TATASTEEL
945 977 927 952 927 955.45 TCS
39 40 38 39 38 38.35 TVSMOTOR
142 145 139 144 141 141 UNIONBANK
261 265 257 263 260 259.85 UNITECH
48 49 48 49 48 48.3 VIJAYABANK
497 509 490 500 491 500.35 VSNL
479 489 470 484 474 478.85 WIPRO
229 234 224 232 227 227.7 ZEETELE
Fibonacci Daily Projection Up & Down - 27-May-08
Fibonacci Daily Projection Up - Resistance
Nifty Spot
4880 4894 4906 4917 4931 4953 4975 4989 5001 5012
Nifty Future
4873 4881 4888 4895 4903 4916 4929 4937 4944 4951
Sensex
16347 16376 16400 16423 16452 16498 16543 16573 16597 16620
BANK NIFTY
6758 6786 6809 6831 6860 6905 6949 6979 7001 7024
CNX IT
4347 4365 4380 4395 4414 4444 4473 4493 4508 4523
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Fibonacci Daily Projection Down - Support
Nifty Spot
4931 4917 4906 4894 4880 4858 4836 4822 4811 4799
Nifty Future
4903 4895 4888 4881 4873 4860 4847 4839 4832 4825
Sensex
16452 16423 16400 16376 16347 16301 16256 16226 16203 16179
BANK NIFTY
6860 6831 6809 6786 6758 6713 6668 6639 6616 6594
CNX IT
4414 4395 4380 4365 4347 4316 4287 4268 4253 4238
NSE-BSE Gainers & Losers - 26-May-08
NSE Gainers (Nifty)
Company Current Price Previous Close % Change Volume
SUN PHARMA 1375.05 1328.85 3.48 228,578
IDEA CELL 110.40 107.10 3.08 15,439,135
BHARTI TELE 863.45 837.65 3.08 3,495,563
INFOSYS TECH 1885.05 1828.75 3.08 2,674,644
SUZLONENERGY 305.05 296.90 2.75 5,155,494
TCS 955.45 932.40 2.47 1,364,318
H C L TECH 296.95 292.30 1.59 541,034
NATION ALUM 539.55 534.45 0.95 410,594
DR. REDDY 689.75 686.75 0.44 507,110
CAIRN IND 307.30 306.15 0.38 13,252,582
NSE Losers (Nifty)
Company Current Price Previous Close % Change Volume
GUJ AMB CEME 96.45 102.15 -5.58 1,834,324
B H E L 1655.65 1745.10 -5.13 1,587,915
REL COM 542.95 571.70 -5.03 5,452,157
ICICI BANK 820.30 862.05 -4.84 4,467,896
TATA POWER 1379.85 1440.45 -4.21 224,841
HOUS DEV FIN 2567.00 2674.90 -4.03 533,667
I T C 205.50 213.60 -3.79 9,150,183
STERLITE (I) 871.20 903.75 -3.60 657,886
HINDALCO 186.15 193.00 -3.55 3,682,974
GRASIM IND 2209.70 2290.95 -3.55 54,186
NSE Gainers (Non-Nifty)
Company Current Price Previous Close % Change Volume
EICHER MOTOR 379.75 321.45 18.14 345,996
BANK OF RAJ 116.15 101.45 14.49 4,064,389
INDUJ ENERTECH 31.85 28.95 10.02 17,917
GENESIS INTL 118.95 113.25 5.03 6,546
GOLDSTONE TELE 61.90 58.95 5.00 304,273
KHAITAN ELECT 63.65 61.05 4.26 26,980
CCL PRODU 198.65 190.95 4.03 166,490
KAJARIA CER 31.00 29.85 3.85 77,391
HIND DORR 114.30 110.25 3.67 62,254
STG INDIA 31.20 30.10 3.65 47,306
NSE Losers (Non-Nifty)
Company Current Price Previous Close % Change Volume
SOUTH INDIA BK 137.60 151.45 -9.14 173,454
INDIA GLYCOL 312.80 343.50 -8.94 406,193
UPPER G SUGAR 80.90 88.70 -8.79 21,375
BAJAJ HIND 199.20 218.20 -8.71 2,862,863
RUBY MILLS 1150.00 1259.35 -8.68 49
TRIGYN TECH 25.00 27.35 -8.59 265,967
HERITAGE FO 185.55 201.50 -7.92 3,314
PAE LTD 30.20 32.70 -7.65 2,708
ASHAPURA MINE 225.85 244.35 -7.57 41,993
THIRU A SUG 97.00 104.90 -7.53 1,184
BSE Gainers (Sensex) :
Company Current Price Previous Close % Change Volume
INFOSYS TECH 1886.40 1826.40 3.29 469,652
BHARTI TELE 863.15 836.80 3.15 592,772
TCS 958.80 933.70 2.69 440,147
SATYAM COMPU 483.10 481.90 0.25 326,387
BSE Losers (Sensex) :
Company Current Price Previous Close % Change Volume
JAIPRAK ASSO 224.40 237.65 -5.58 1,827,699
AMBUJA CEME 96.65 102.15 -5.38 273,972
B H E L 1656.10 1747.20 -5.21 380,488
REL COM LTD 543.20 572.30 -5.08 1,750,641
ICICI BANK 826.70 863.75 -4.29 827,117
HOUS DEV FIN 2573.30 2678.30 -3.92 33,058
MARUTI UDYOG 759.85 790.15 -3.83 71,436
I T C 205.70 213.60 -3.70 2,011,816
GRASIM IND 2208.65 2289.00 -3.51 14,763
HINDALCO 186.40 192.95 -3.39 875,005
BSE Gainers (Non-Sensex) :
Company Current Price Previous Close % Change Volume
ANDREW YULE 56.25 29.65 89.71 712,525
EICHER MOTOR 384.30 320.25 20.00 310,460
ELGI EQUIP PPS 45.00 39.00 15.38 4
BANK OF RAJ 116.05 102.00 13.77 2,836,323
REPRO INDIA 141.40 127.00 11.34 725,955
STELCO STRIP 49.80 44.90 10.91 520,191
BORAX MORARJ 68.95 62.50 10.32 9,773
GLOBAL CAP 28.27 25.70 10.00 106,788
GARNET INTL 69.90 63.55 9.99 8,198
ENTEGRA LTD 31.95 29.05 9.98 72,440
BSE Losers (Non-Sensex) :
Company Current Price Previous Close % Change Volume
SITSHRFP LTD 42.30 48.80 -13.32 5,777,527
RAS RESORTS 32.65 37.50 -12.93 18
VOITH PAPER 121.35 138.50 -12.38 1,350
BAJ HOLD INV 598.25 673.50 -11.17 104,744
INTERNATIONAL CON 223.50 249.75 -10.51 35
CELEST LABS 46.85 52.05 -9.99 27,009
RADHA MADHAV 52.25 58.00 -9.91 341,800
ORION PAPER 20.10 22.30 -9.87 478
DOVER SECURITIES 143.25 158.85 -9.82 1,500
RELIAB VEN 19.10 21.15 -9.69 947
No Delivery Stocks
Company Name No-Delivery Start No-Delivery End Purpose
INTERLINK PE 16-MAY-08 04-JUN-08 A.G.M.
SHREENATH 21-MAY-08 05-JUN-08 A.G.M.
UNI LEGEWEAR 15-MAY-08 03-JUN-08 A.G.M.
Monday, May 26, 2008
23-May -08 FII & MF Activities
FII Activities (Latest)
Purchase ( Rs Crore ) 2226.00
Sale ( Rs Crore ) 2776.70
Investment ( Rs Crore) -550.70
Investment ($US mm)-136.50
MF Activities (Latest)
Purchase ( Rs Crore ) 564.20
Sale ( Rs Crore ) 545.60
Investment ( Rs Crore) 18.60
FII Activities (Monthly)
Date Purchase ( Rs Crore ) Sale ( Rs Crore ) Investment ( Rs Crore) Investment ($US mm)
May-2008 44506.30 45730.30 -1224.10 -303.50
Apr-2008 61326.90 60256.20 1070.50 300.50
Mar-2008 71159.40 71289.90 -130.40 -32.20
Feb-2008 73776.60 72043.20 1733.30 429.80
Jan-2008 103678.20 116713.90 -13035.70 -3231.60
Dec-2007 85586.40 80007.10 5579.10 1383.00
Nov-2007 17358.30 20027.10 -2668.90 -661.60
MF Activities (Monthly)
Date Purchase ( Rs Crore ) Sale ( Rs Crore ) Investment ( Rs Crore)
May-2008 9,174.30 9,825.80 -651.60
Apr-2008 12,433.20 12,306.90 125.70
Mar-2008 15,495.00 17,433.50 -1,938.60
Feb-2008 16,751.90 16,237.90 513.90
Jan-2008 32,514.20 24,935.50 7,578.70
Dec-2007 19,611.60 16,279.80 3,332.30
Nov-2007 4,506.80 3,257.10 1,249.60
Principle PNB MF declares dividend under FMP Series
The Principle PNB mutual fund has announced the declaration of dividend under dividend option of Principle PNB Fixed Maturity Plan-91 Days-Series XIII. The record date for dividend will be 28 May 2008. The AMC plans to distribute net appreciation in the NAV of dividend option from the date of allotment i.e. 28 February 2008 (after considering the reduction in NAV due to payment of dividend declared on 20 March 2008) will be paid as dividend. The NAV of the scheme was recorded at Rs 10.1898 as on 23 May 2008. Principle PNB Fixed Maturity Plan-91 Days-Series XIII is close-ended debt scheme with an investment objective of building an income-oriented portfolio and providing returns along with regular liquidity to investors.
HDFC MF declares dividend
HDFC Mutual Fund has announced 29 May 2008 as the record date for declaration of dividend under dividend option of both retail and wholesale plan of HDFC Fixed Maturity Plan 367 Days May 2007 under HDFC Fixed Maturity Plans -Series V.
The fund house has decided to distribute 100% of surplus available under its both retail and wholesale plans as on record date. The NAV for the scheme under retail plan was Rs. 10.9441 and that of under wholesale plan was Rs 10.9788 as on 22 May 2008.
HDFC Fixed Maturity Plan 367 Days May 2007 is a close-ended income scheme. The investment objective of the scheme is to seek to generate regular income by investments in debt, money market instruments, and government securities.
26-May-08 Market Close Stats
It was a bad day for the market that saw huge selling pressure. Sensex closed at 16403, down 246 points (provisional) and Nifty at 4885, down 60 points (provisional) from the previous close. The CNX Midcaps index was down 2.31% and BSE Smallcaps index was down by 2.29%. The market breadth is negative with advances at 194 against declines of 1063 on the NSE.
BSE 16348.50 -1.81% -301.14
NSE 4,875.05 -1.47% -71.50
The Asian markets were hit badly while the European markets were trading weak. The Indian market is trading at the day's low. Sensex is trading at 16337, down 312 points and Nifty is at 4872, down 74 points from the previous close. The CNX Midcaps index is down 2.35% and BSE Smallcaps index is down by 2.27%. Banking, FMCG, metals, realty and power stocks have all taken a beating. The market breadth is negative with advances at 181 against declines of 1069 on the NSE
Reliance Power Bonus
Power: All shareholders of the Company's records hold shares as at the end of business hours on June 02, 2008, irrespective of whether such shares were subscribed by the shareholders in the Company's Initial Public Offering (IPO) or such shares were purchased from the secondary market or otherwise after the IPO, shall be eligible to receive the bonus Shares.As approved by the shareholders of the Company, Reliance Power will issue Bonus shares in the ratio of three new equity shares of Rs 10 each for every five existing equity shares of Rs 10 each held, to the public shareholders of the Company. Price adjustment of R Power for bonus shares will be done on 30th May. Source:BSE
DLF & PFC
DLF is stuck near 605.5
anyone can book profit (very small 3.5 rs i know)
otherwise kept sl to cost @602
means we not loose any money
still 2 times more buyer than seller in DLF
seller 127k & buyer 289k
i think PFC will go down lets see
currently there are 3k more buyers in this script
89k seller & 92k buyers
Geojit Financial Services
Geojit Financial Services reported 25.1% rise in net profit of Rs 7.63 crore on a 74.3% increase in sales to Rs 52.35 crore in Q4 March 2008 over Q4 March 2007
Stock from this section can move rapidaly anytime
BUT only brave heart ppl can buy this
with extra money only
once buys hold
Mcx Weekly Key Levels
Gold
Bullish Above 12740 Resistance 13155
Bearish Below 12650 Support 12305
Silver
Bullish Above 24600 Resistance 26500
Bearish Below 24345 Support 23940
Crude Oil
Bullish Above 5628 Resistance 5933
Bearish Below 5565 Support 5302
Copper
Bullish Above 352 Resistance 358.5
Bearish Below 350 Support 342
Mcx Updates
Gold & silver rose on weakness in doller
Crude rose on supply concern
Copper rose on expected higher demand
Headlines for the day 26-May-08
Corporate News Headline
Bharti Airtel ended takeover talks with South Africa´s MTN Group after differences surfaced over control of the combined entity. (BS)
IDBI Bank is planning to more acquisition to scale up its pan-India presence while its organic growth plans include the setting up of 200 new branches. (BS)
Reliance Communications is planning to start discussions for a possible tie up with the South African telecom entity, MTN Group. (ET)
Economic and Political Headline
The WPI based inflation for the week ended May 10, 2008 stood at 7.82% as compared to 7.83% for the previous week. (BS)
India´s government would waive Rs. 716.8 bn of agricultural loans, more than earlier announced, to help farmers pare debt. (Bloomberg)
The UK GDP rose 0.4% in March after the higher credit costs hurt construction and business services slowed. (Bloomberg)
MCX Spot Open 26-May-08
SPOT/open
GOLD-924.30
SILVER-18.18
CRUDE-131.68
NOW:-
GOLD-927.15
SILVER-18 .28
CRUDE-132.59
EUR-1.5766
GBP-1.9822
JPY-103.30
Nifty 26-May-08
Nifty fut CMP4942
If Nifty Fut Will Not Break 4890 With Volumes in 1st Hour of Trading Then We Can Expect Short Covering In Last Session.
If Nifty Fut Sustain Below 4890 Then 4850-4825.
Reliance Communications Ltd
Reliance Communications Ltd Is in Talks To Combine With South African Mobile Phone Company MTN Group Ltd..
26-May-08 - Nifty - Fibonacci Daily Projection
Fibonacci Daily Projection
Nifty Spot
Up Resistance-4969-4986-5000-5014-5031-5059-5086-5104-5118-5132-5149-5177-5250
Down Support-5031-5014-5000-4986-4969-4941-4914-4896-4882-4868-4851-4823-4750
Nifty Future
Up Resistance-4959-4976-4990-5003-5020-5047-5073-5091-5105-5118-5135-5162-5233
Down Support-5020-5003-4990-4976-4959-4932-4906-4888-4875-4861-4844-4817-4746
Nifty 26-May-08
Nifty Spot
Resistance 5040
Support 4905
Buy Above 5031
Sell Below 4969
Nifty Future
Resistance 5032
Support 4900
Buy Above 5020
Sell Below 4959
TYPES OF PPL IN STK MKTS
TYPES OF PPL IN STK MKTS:
TA = Technical analysts who are either daytradrers, swing traders, they play for the shortterm...... these guys are poor have little capital, have high BP and their staple diet is adrenalin.
FA = Fundamental analysts who invest for the long term... the dream guys... they live in the world of fantasies....they are too stubborn adn terribly convinced and take the skies, the democracy, the judiciary, and smooth function of exchanges, currency rates and so on for granted.... the genuine ones are holidaying in Florida even during massive sell offs like we had on friday..the half baked ones are busy fighting the Technical analysts and know that most technical analysts are liars that they never foresaw any technical bounce they claimed to have gauged and they never played the technical rallies they boast about. LOL
(Above definitions r courtesy of radhika_nandlal)
SA = Skeptical Analysts:Does a lot of research and does no action. They dont know whether they shud believe TA or FA.When FA is good they wait for TA and when TA is good one, Bad result will come....and then they start blaming everyone on MMB,i.e. the Company,its Mgmt,Operators,Finance Minster,Commerce Minister,.....and finally his broker for his hefty brokerage he charged..ROTFL...(with Spl inputs frm yembeee)
MA = MMB Addicts..these very sticky ppl,stickier than poor frogs legs,they stick to MMB as FEVICOL has been invented by them..they r more loyal to the company,than to their family,they dont care abt their family,their kids,...they here virutally on every boards 24X7..till they r forcibly chased away by other co-boarders for their Xtreme views.....LOL...
Last but not Least forgotton, EVERGREEN type:
HA = Humour agents are ppl who are hyper active jump boards to boards in search of elusive nirvana (bearish/bullish views) ,for the sake of opposing the other person's view(right or wrong),they r here for eternal...these guys have good sense of humour...high with dose of adrenalin in their (beer=Men) bellies...they command high PE value ratio than their poor co-boarders....(PE=Pure Entertainment Value)..without these ppl's contribution,MMB wud resemble like the streets of KABUL & BAGDAD....ROTFL...
NEW DEFINITIONS
DA = Dumb-founded Analyst,Who are very very CONFUSED & dont know what to do , whether to sell OR buy OR hold OR jump...??u can find them every(Day)where on MMB,These are that kinda of people who stand on the 6-Way CROSSING and dont know whether to go right or left or straight or diagonal.....make confuse others also...they r worse than our Absent-minded college Proffessor,where students atleast know that he is trying to tell something... LOL(Spl Thanks to Pranky)
OA = Ostrich Analyst,these ppl r,wo give excellent targets for operators operated momentum stks,wen the stk backfires..they gonna b NOWHERE to seen or heard...they r better magicians than legendary DAVID BLAINE,wo atleast comes back after his magic trick...LOL....
SA = Said Analyst,wo always boast of predictions two months in advance,by chance suddenly mkts go opposite...then they scream from rooftops abt their DOOMED (already expired)predictions.(LOL)...
TDA = TELEDATA Analyst,is one who knows that TD should be bought and sold at 62 & 72 only respectively,and knows that it shud not b kept for more than 72 rupees..but he/she refers 24 indicators before buying TD at 62.10 rupees and selling at 71.90 rupees..LOL....(Thank you GOOGOLbhai for inspiration)....LOL..
MBA = Market Bet(spread)sheet Analyst,r ppl wo trade the market with their unusual spreadsheet skills...they can survive the onslaught of SHARK's n BIG FISH's such as Cartels,Operators,Finance minister 2 days in advance..finding them is very easy,u will find them top 20 in popular boarders category by virtue of their TRINAnalysis..u find all information regarding marketconditions(Local and Global) which is useless to u...(Spl Thanks To Ramge for inspiration)...LOL
LATEST DEFINITIONS
ACA = Aastha Channel Analysts,r ppl who have tremendous knowledge abt Co's,its Mgt's,Global Economy....they give u detailed analysis which is useless,unless u r going apply for DIRECTORSHIP of that company..they know Company better than its Managing Director....LOL(Spl Thanks To Ramge for inspiration)
BEST ONES
Investor = A TRADER who finds him/herself on the WRONG side of the market can simply decide to hold onto the stock,UNLESS hoping that it will stage a comeback at some point in the FUTURE.This is how many traders stop being traders and become INVESTORS...LOL....(with Spl inputs frm yembeee)
Trader = Are the ppl,Who once tasted the SACCHARINE (Trading),then they forget about SUGAR(Investing)...Now they r like an ANT who is trapped in sugar tin...they dont know whether to try to come out or stay inside....LOL(Spl Thanks To Yembeee)
Top Five Reasons For A Stock Slide
Conventional wisdom dictates that when a company beats Street's earnings estimates for a given quarter, its stock price should rise. But that's not always the case. In many instances, a stock's share price declines after better-than-expected earnings are reported.
Investors need to know that there is a reason for the decline in share price. It just might not be an obvious reason.
1. Major Shareholder Selling(NO XAMPLES HERE)
Some institutional shareholders set a target to sell their stock at a given price or if a certain event transpires. The end result is that the supply of shares available for sale (after the event transpires) usually depresses the share price.
2. Research Notes(Where are the Auditors?)
Sometimes a sell-side analyst will put out a (negative) research note on the company either just before or just after earnings are released. This report (even if it is only slightly negative in nature) can affect the way that firm's clients think, especially those that are more short-term oriented.
3. Not Meeting the Street estimate(obiously not by 300 percent y-o-y,even if rupee appreciate 20pc from present)
Oftentimes, a company will beat the average Street estimate, but fail to meet or beat the whisper number and, as a result, its stock price falls.
4. Faulty Numbers(WHO CARES ABT NUMBERS HERE!!)
Sometimes, there is a fundamental reason for a stock to fall after earnings are announced. For eg, perhaps the company's gross margins have fallen dramatically from last quarter, or
The company may also be spending too much money to pay for a new product launch.(who cares for expensive product launches, well i have two BIG ready-made client for my product)
5. Future Guidance
Most public companies conduct a conference call after earnings are released.
In this call, management may make forecasts or provide other guidance about the future prospects for the company.
Investors need to remember that any guidance that is contradictory to what the investment community is expecting can have a material impact on the price of the stock.
Summary
There is always a tangible reason behind the downward movement in a given share price after earnings are released,but it's up to the investor to play the role of detective and to try to determine what that reason is.
Those who are able to decipher the logic behind (and the source of) such market movements may be richly rewarded.
UNWRITTEN RULES OF STOCK MARKET:
UNWRITTEN RULES OF STOCK MARKET:
Rule number 1: All sharp price movements -whether up or down- are the result of one or more (usually a group of) professionals manipulating the share price.
Rule number 2: If the market manipulator wants to distribute (dump) his shares, he will start a good news promotional campaign.
Rule number 3: As soon as the market manipulator has completed his distribution (dumping) of shares, he will start a bad news or no news campaign.
Rule number 4: Any stock that trades huge volume at higher prices signals the distribution phase.
Rule number 5: The market manipulator will always try to get you to buy at the highest, and sell at the lowest price Possible.
Rule number 6: If this is a real deal, then you are likely to be the last person to be notified or will be driven out at the lower prices.
Rule number 7: Conversely, you will often be the last to know when this deal shows signs of failure.
Rule number 8: The market manipulator will compel you into the stock so that you drive up its shares price.
Rule number 9: The market manipulator is well aware of the emotions you are experiencing during a run up and a collapse and will play your emotions like a piano.
Final rule: A new batch of suckers are born with every new play.
Dreadful Stocks to Avoid
Dreadful Stocks to Avoid
1. Business that bet.
In some industries, companies occasionally have to make critically important decisions. If the company makes the wrong choice, it will be dealt a crippling blow.
2. Businesses dependent on research
Innovative companies are required to do research simply to maintain their competitive position. And if the research dries up, the company suffers.
3. Debt-burdened companies
During the GOOD times,large amounts of debt means cash, that could be put toward growing the business,instead of rewarding shareholders,cash is used to servicing the debt.In a crisis, debt greatly limits a company's options and can sometimes lead to bankruptcy.
4. Companies with questionable management(NO EXAMPLES R NEEDED HERE)
Management has incredible power. If executives want to enrich themselves at the expense of shareholders, either directly or by misrepresenting the company's prospects, individual shareholders have almost no hope of stopping them.
Some clues to look for here include excessively optimistic press releases,overly generous compensation or options grants, and frequent blaming of external circumstances for operational shortcomings.
WorldCom and Enron shares may have risen for years, but at the end of the day,shareholders received almost nothing. That's why,questionable management is the worst flaw a company can have.
5. Companies that require continued capital investment
Companies that constantly need to make additional capital investment to keep the business going are in this ideal category.
The main beneficiaries will be employees, management, suppliers, and government.In other words, money goes everywhere except to shareholders.
Summary:
These characteristics don't necessarily make a company a bad investment.Dow Chemical,for instance, has been a great long-term investment despite ongoing R&D and capital expenditures.
But a solid understanding of why these types of companies may be undesirable can help you identify whether a company that looks good on the surface might actually cost you money later.
When to Hold and When to Sell:
When to Hold and When to Sell:
Hold when: The price changes
Price changes, up or down, don't change a company's fundamentals.
If you sell simply because the stock's made you 50% in a short time, you're potentially throwing away a much bigger long-term profit.
If the price goes down on no news, the company becomes more attractive, not less. So, it doesn't make sense to sell simply based on price changes
Hold when: Temporary bad news comes
Bad news will come to every stock, sooner or later.
The company will miss estimates by pennies but fall by dollars. In itself, this isn't a reason to sell.
If the factors are temporary and in the long term the business is still strong, it still makes sense to hold, or even buy.
Sell when: The stock is overvalued
If a great stock's fairly valued, then it generally makes sense to not sell it.
You'll likely know that company better than any new company you add to your portfolio, and it's hard to find great companies at cheap prices, so you should naturally be reluctant to give up the ones you have.
But if the company becomes extremely overpriced, then it's time to jettison it,it will be unlikely to earn spectacular future returns.
Sell when: The business changes
If you're buying a great business, and suddenly you notice that the business isn't actually that great anymore, it can make sense to sell.
Sell when: There's a better stock to buy
If you're short on money but see an incredibly compelling stock that you absolutely must own, then sell a less attractive stock to raise funds.
But before you make the switch, make sure that you take into BROKERAGE costs and TAXES.
Often it won't make sense to sell a company in which you have large returns,pay the taxes, and put the proceeds into a marginally more attractive stock.
Eight items that impact the day's trading.
Eight items that impact the day's trading.
1. Overseas Market/Economic Action
Any major Positive/Negative news from foreign market impacts day's trading,
it is be best to wait till the dust settles,before going long on the position.
This will save you some money right from the start.
2. Economic Data
If a highly anticipated economic release is set to come out,may lead to market volatility.
It is best to wait for its release instead of jumping the gun and get SHOT!!!!!.
3. Futures Data
Investors should check to see if futures contracts are trading higher/lower.This will give them a better idea abt the prices ahead.
4. Buying at the Open
Buying or selling stock at the open of the market is not a good idea.
Because the opening hour of trading is the first time that most market participants have to enter or exit the stock, which can easily produce higher-than-average trading volume.
These market participants are reacting to the myriad of news stories that came out between yesterday's close and today's open, which includes major market news events like economic reports and political changes.
5. Midday Trading Lull
There is typically a drop off in trading (meaning the volume of transaction) at noon as most of the major news events are out in the market. During this lull, stock prices can often lose some ground.
When this happens, stocks can be purchased at a musch cheaper price at 1.30-2.30pm than they could at, say, 11am.
Again, this is important to know, as this can affect both entry and exit points.
6. Analyst Upgrades/Downgrades
An analyst may give an intraday note that can have a significant impact on a given stock/sector.As a tip,remember to read financial articles or watch business reports on TV.
7. Company-Related News
if a Analyst gives a bullish/bearish article about a company throughout the trading day, this can have a HUGE impact on its stock.
8. Friday Trading
It means that stocks can/often sell off Friday afternoon during the last few hours of the trading day.
because normally, traders are looking to go home "flat" (without positions on their books).
Keep this in mind on Fridays if you are trying to find a favorable time to enter or exit a stock position.
The 5 Secrets to Buying Stocks
1. Buy cheap.
2. Buy quality.
3. Buy to hold.
4. Buy with minimal expenses.
5. Buy without leverage
The ways to preserve capital and earn steady returns.
1.Don't invest money you can't afford to lose,and don't borrow money to invest.
2.While leverage INCREASES your returns in good times,will MULTIPLY your losses in bad times.
Four steps to Stop Losing Money in ur portfolio.
1.Take shelter with dividends
Dividend payers typically sport strong and growing cash flows, which also happen to be the drivers of a growing stock price.
Investing in dividend-paying Companies and reinvesting those dividends has proven to be a Best market-beating strategy over the long time.
2.Invest in strong brands
Investing in unheard-of small caps is not the path to outstanding returns. Some of the best investment opportunities are supported by branded products and services you already know and use.
Use your knowledge as a lifelong consumer as a tool to boost your portfolio.
By seeking out companies with strong brands, secure dividends, you're practically halfway home to significantly lowering your portfolio's downside risk.
3.Avoid sky-high valuations
It doesn't take a rocket scientist to know that stocks with sky-high valuations have much further to fall. It is easy to get swept up in the greed-induced euphoria
When these high-growth, high-priced companies slip, Small and Poor investors are usually the last ones holding the bag.
4. Diversify
Investing in only a small number of companies might work for others, but running concentrated portfolios is good for the average investor.
You can achieve diversification with funds, individual stocks, or a mix of both.
A simple, defensive, and profitable set of strategies for Small Investors. So while there is NO way to eliminate losses in the market, you can STILL minimize your risk of loss and earn market-beating returns.
Technical And Fundamental Analysis
Advantages of Technical Analysis:
1)Recent Traded Volumes:
When an analyst/an investor is researching a stock,it's good to know what other investors think about it.
After all,they might have some additional insight into the company or they might be creating a trend.
One of the popular methods for gauging market sentiment is to look at the recently traded volume.
Large spikes of volume suggests the stock has caught attention of the traders and that the shares are under accumulation or distribution.
Volume indicators are popular tools among traders,because they can help to confirm whether other investors think same about the company.
Traders generally watch for the volume to increase as an identified trend gains momentum.
A sudden decrease in volume can suggest that traders are losing interest and that a reversal may be on its way.
Intraday charting is popular because it enables traders to watch for spikes in volume, which often comes with block trades and can be extremely helpful in knowing when large institutions are trading.
2) Tracking Short-Term Movements(Moving Averages)
when a stock goes through its 15/21-day moving average (either to the upside or the downside),it usually continues along that trend for a short period of time.
50 & 200-day moving averages are often used by TA's and FA investors to determine longer term breakout patterns.In other words, it is largely an indicator of what to expect in the coming term.
3) Tracking Reactions Over Time
Many fundamental analysts will look at a chart of a specific stock, industry, index or market to determine how that entity has performed over time when certain types of news (such as positive earnings or economic data) has been released.
Patterns have a tendency to repeat themselves, and the investors who were lured (or put off by) the news in question tend to react in a similar manner over time.
For example, if you take a look at the charts of various housing stocks, you'll often see that they react negatively when the Reserve bank chooses to forgo a cut in interest rates.
In short,by analyzing historical trends, investors can ballpark the possible reaction to a future event.
Disadvantages of Technical analysis:
1) It's History!
While it is possible to predict and anticipate certain movements based on patterns of a stock,charts cannot predict future positive/negative data,bcoz they are based on the past.
for eg:.If news leaks out that a company is about to release a good quarter results,investors will be able to take advantage of it and this good news will be apparent in the chart.
A chart cannot provide the investor with crucial long-term information such as the future direction of sales or profits.
2) The Crowd is Sometimes Wrong
it is possible that a stock that's being accumulated this week,may be under heavy distribution the next.
stocks that are being heavily sold this week may be under accumulation in the weeks to come.
Example of the "crowd is wrong" mentality can be found in the large amount of money that went into technology shares at the turn of the 2000(tech boom of 2000).
the money flow into these stocks and the stock markets on which they traded dried up almost overnight.
The charts did not indicate that such a harsh correction was coming.
3) Charts Don't Forecast Macro Trends/Future Events
Charts also are generally unable to accurately forecast macro-economic trends.
For example, it is nearly impossible to look at a Ongc's chart and predict whether govt plans to increase the prices of oil,or where crude oil prices are headed.
4) There is Subjectivity
When it comes to reading a chart, a certain amount of subjectivity comes into play.
Person may see a chart,feel that a stock is builiding a base, while another person may see more downside to it
When it comes to charting, only time will tell which way the markets will actually go.
Conclusion
Technical analysis can be a very valuable tool, but it is important to realize the benefits as well as the limitations before taking a plunge.
Technical And Fundamental Analysis has its merits when used as a compliment to others investing strategies.
Mutual Fund V/s Hedge Fund
The similarities:
Both mutual funds and hedge funds are managed portfolios.
This means,that a fund manager picks securities that he/she feels perform well and buys them.
then fund is divided and then sold to investors,who participate in the gains/losses of the holdings. The main advantage to investors is that they get instant diversification and professional management of their money.
The differences:
Hedge funds are managed much more aggressively than their mutual fund counterparts.
Hedge funds are able to take speculative positions in derivatives such as options and have the ability to short sell stocks.
it means that it's possible for hedge funds to make money when the market is falling.
Mutual funds,are not permitted to take these high-risk positions and are typically safer as a result.
Hedge funds are only available to a specific group of investors with high net worth.while any person can buy the mutual fund.
Four Big Investor Errors
Four Big Investor Errors
Whether you need to cut your losses or take a profit, read on for some simple tips you can use to help you decide whether to sell.
Great Stock, Battered Sector
Traders/Investors often face the difficult decision to sell a stock that they feel is the best in the market.
When a bear market occurres even Profitable companies with solid business structures will be severely devalued as well.
Lesson: If you own a stock in a sector that is being battered, you should consider selling because even good companies aren't safe from the roar of the "bear". Buying and selling stock today is easier than ever and relatively cheap.
Emotional Attachment
If you become emotionally attached to your stocks, you'll end up paying with losses.
Part of the reason good investors fall prey to this trap is that they put so much work into finding the "right" stock.
Investors should love a stock when it's making money; when it isn't, cut it loose!
Lesson: Emotional attachment to stocks is nothing more than human nature and wanting to be right. Do you want to be right - or rich?
Unrealized Profits
A profit isn't a profit until you've taken it off the table.
Many investors like to inflate their egos by viewing their stocks online and relishing how much money they've made. In reality, you haven't made a penny until you press the "sell" button.
When a stock is shooting for the moon, you may begin to sense it's out of control and you're beginning to wonder just how much higher it can possibly go.
This many be a good time to go for the "sell one-third" or "sell half" rule. This way, you can take some profit off the table and also keep some stock on the table so that if your stock does hit the moon, you won't be left kicking yourself for selling out of your position.
Lesson: Although the tax rate is substantially steeper for taking a profit if you've held the stock for less than a year, it's often better to have part of something than to risk having less - or nothing - once the year is through.
When to Sell
The real secret to knowing when to sell is to read, read, read - and then read some more. We're all busy, but take a few minutes out of the day or week to know what's going on with the market, with the economy and with your stocks in particular. Reading is like insurance: the more you know, the more you are protected.
Lesson: If you have your strategy firmly in place, one simple piece of information can give you the power you need to take action, take a profit or prevent a loss.
Conclusion
There is no exact science to knowing when to sell, only indicators that can give us clues. Learning from the mistakes of others is a great strategy for avoiding making those same mistakes yourself.
If a solid company has a downward spiraling stock price, look for clues as to why and find out what is happening within that sector.
Remember to keep a clear head when evaluating stocks and don't become emotionally attached to them. There are many factors that affect the financial markets, but if you're willing to put in the time and effort to read and research your investments you will be well prepared to take profits and avoid losses.
Interest rates
When the Central Bank(RBI) meets to decide on interest rates,it has significant effect on the stock markets.
When the Central Bank(RBI) is expected to bring interest rate cuts or increases,it is wise, as a stock investor, to be aware of the potential effects behind such decisions. Although the relationship between interest rates and the stock market is fairly indirect, the two tend to move in opposite directions.
A decrease in interest rates means that those people who want to borrow money enjoy an interest rate cut.
But this also means that those who are lending money, or buying securities such as bonds, have a decreased opportunity to make income from interest.
If we assume investors are rational, a decrease in interest rates will prompt investors to move money away from the bond market to the equity market.
At the same time, businesses will enjoy the ability to finance expansion at a cheaper rate, thereby increasing their future earnings potential, which, in turn, leads to higher stock prices. Investors and economists alike view lower interest rates as catalysts for expansion.
The unifying effect of an interest rate cut is the psychological effect it has on investors and consumers; they see it as a benefit to personal and corporate borrowing, which in turn leads to greater profits and an expanding economy.
Forces Behind Interest Rates
An interest rate is the cost of borrowing money.it is the compensation for the service and risk of lending money.
Lenders and Borrowers
The lender of money is taking a risk that the borrower may not payback the loan. Thus, interest provides also a certain compensation for bearing risk.
Coupled with the risk of default is the risk of inflation. When you lend money now, the prices of goods and services may go up by the time you are paid back your money, whose original purchasing power would have decreased. Thus, interest protects against future rises in inflation. A lender such as a bank uses the interest to process account costs as well.
The borrowers pay interest because they must pay a price for gaining the ability to spend now as opposed to having to wait years and years to save up enough money.
Interest can thus be considered a cost for one entity and income for another. Interest is the opportunity cost of keeping your money as cash under your mattress as opposed to lending. If you borrow money, then the interest you have to pay is less than the cost of forgoing the opportunity to have the money in the present.
How Interest Rates Are Determined
Supply and Demand
Interest rate levels are a factor of the supply and demand of credit(for eg.credit = home loans,vehicle loans), an increase in the demand for credit(loans) will raise interest rates, while a decrease in the demand for credit will decrease them.
Conversely, an increase in the supply of credit will reduce interest rates while a decrease in the supply of credit will increase them.
The supply of credit(loans) is increased by an increase in the amount of money made available to borrowers.
For example, when you open a bank account, you are actually lending money to the bank.Depending on the kind of account you open , the bank can use that money for its business and investment activities.
In other,words the bank can lend out that money to other customers. The more banks can lend, the more credit(loans) is available to the economy. And as the supply of credit(loans) increases, the price of borrowing (interest) decreases.
Inflation
Inflation will also affect interest rate levels. The higher the rate of inflation, the more interest rates are likely to rise. This occurs because lenders will demand higher interest rates as compensation for the decrease in the purchasing power of the money they will be repaid in the future.
Government
The government has a say in how interest rates are affected. The Central banks (the US Fed or RBI) often comes with out announcements about how monetary policy will affect interest rates.
The Central banks(Call or money market) rate, or the rate that institutions charge each other for extremely short-term loans, affects the interest rate that banks set on the money they lend; the rate then eventually trickles down into other short-term lending rates.
When the government buys more securities, banks are injected with more money than they can use for lending, and the interest rates then decrease. When the government sells securities, money from the banks is drained for the transaction, rendering less funds at the banks' disposal for lending, forcing a rise in interest rates.
Conclusion
As interest rates are a major factor of the income you can earn by lending money, of bond pricing,and of the amount you will have to pay to borrow money, it is important you understand how prevailing interest rates change: primarily by the forces of supply and demand, which are also affected by inflation and monetary policy.
Excerpts,contents Re-edited by me and with contents courtesy-Investopedia
Operators
Operators: Friend or Foe?
Have you ever wonder, When u place an order with the stockbroker and within seconds it is executed, how this is possible.?
This is where the Operator uncle comes in!!..yes heard right Operators. They cannot be avoided, but if you know how they work, you can watch them buying and selling in the market.
The Operator is like a wholesaler. Customers come and go all day long, some selling stocks, others with new purchases from 10.00 am until 3.30 pm every trading day . The difference is that this wholesaler has only one item to trade. These items are continually bought and sold. The only responsibility that the wholesaler has, it that he must keep his doors open during market hours, and he is responsible for setting the prices, second by second and hour by hour. He makes his money by buying stock at a lower price and selling at a higher price. He makes his money on the difference between the two, which is his profit. This may be few Rupees or in paises, but when you are dealing in lakhs of shares it is a vast amount of money.
what happens when a customer comes in for a large buy order (Block/Bulk Deal)?
if there are insufficient goods (or stocks) available. A normal wholesaler in the real business would buy in more goods from the manufacturer to fulfill the order.
Our Operator Uncle does not have this option, so he has to encourage people to sell to him, otherwise he will have nothing to offer his Big customers. So what does he do? He moves his prices down side,i.e.yes at Lower circuit.!!
It also explains why markets fall faster than they rise - in the fall the wholesaler is in a hurry to get new supplies of goods, on the way back up he is taking his time making profits. This technique is known as 'shaking the tree'.
The Operator is of course the market maker. They are professional traders who buy and sell. Some are large international banking organizations, some household names, others you will never hear of.
As professional traders they sit in the middle of the market, looking at both sides of the market. They will know precisely the balance of supply and demand at any point of time.
They also have the unique advantage of being able to set their prices accordingly.
They use every piece of news, world event, rumour and gossip to manipulate prices and the markets, there is one piece of information that they cannot hide.i.e Volume. It shows the activity of operators during the particular time period, that’s why you should not take Volume lightly!
what is a recession?
what is a recession, and what does it mean for stocks?
The answers may surprise you....
What goes up must come down.
A recession is the period between a peak of economic activity and a trough. Recessions typically last between six and 18 months, and they're a perfectly natural part of the business cycle. A recession does not mean that economic growth has stopped, it merely means that it has slowed down.
To determine whether the economy is in recession, the National Bureau of Economic Research (NBER) analyzes changes in factors such as gross domestic product, personal income, employment, industrial production, and retail sales volume. There is no fixed rule for how the different indicators are weighed.
It takes time for the NBER to collect and analyze this economic data. By the time it's determined that the country is in a recession, odds are that the economy is already close to recovering.
Stocks can also go up in a recession?
Since 1945, there have been 11 recessions lasting an average of 10 months each. But according to a recent article from Hulbert, during these recessions, the stock market actually rose seven times and the average market return during all 11 recessions was 3%!
Meanwhile, quality companies with strong balance sheets, solid free cash flow, and shareholder-friendly management actually prospered during this period.
A drop in the markets can be frightening, but it shouldn't make you sell. You buy a stock, it's because you think that the stock is worth more than its current price. If the stock falls, but nothing else has changed, then it has become a better deal because it's cheaper. So you should be thinking about buying, not selling, at times like these.
Successful value investors like Warren Buffett act this way. He doesn't panic and dump shares when the market falls, but rather looks upon the drop as a buying opportunity.
Concentrate on finding the types of stocks that will perform well in any economic environment.
Futures and Hedge
Futures and Hedge
For eg
If you buy 100 Infosys Oct'07 futures for say Rs 1900 and you expect go to 2,000 - you will make a profit of ( 100*100) = 10,000.
However - u will lose a HUGE amount if Infosys tanks to Rs 1600 ( 100*300= 30,000) .
You can hedge yourself by buying a PUT option of infosys at say 1950 at Rs 30 at the cost of Rs 3000 .
The profit that you make when Infosys touches 2000 will be (10,000 - 3000).=7000
However - if the Infosys tanks to Rs 1600 - then your Put Option will be worth ( (1950-1600)*100 less premium paid 3000 ) = 32000 profit,while u wud have limited your futures 30000 loss with a risk free profit of 2000
Same can be done by selling a stock futures ( = Short Futures) and then buying a CALL option to hedge against price of shares going up.
If stock tanks - you make a lot of money, since u already sold futures at high rate.
Avoid buying or selling futures without a hedge,as it can/will lead to bankruptcy.
Put-call ratio (PCR)
Put call ratio (PCR), which is the number of put options divided by the number of call options, is a popular sentiment indicator of option traders worldwide.
For starters, a put option allows the buyer the right, but not the obligation to sell a contract to the writer (seller), while a call option gives the buyer the right, but not the obligation to buy a contract from the writer.
When an investor buys a put option, it means he expects the markets to fall.
When an investor buys a call option, he expects the market to rise.
So, a rising PCR would mean investors are buying more puts or reducing calls.
And a falling PCR would indicate that call options are being added and put options being reduced.
This plunge reflects a bullish sentiment, as the put-call ratio is one of the best gauges to judge oversold (too bearish) or overbought (too bullish) zones.
Open interest (OI) and stock price
The End of Day(EOD) Open interest is a signal.
In a bullish market, OI tends to be high, bcoz there has been an large no.of interest in the F&O segment than cash
Close to Settlement/Expiry, High OI suggests that there will be high carry-over to next month and which shows bullish market.
If open interest is rising and stock price is also rising, bulls are adding positions
If open interest is falling and stock price is also falling, bulls are booking profits.
If open interest is rising and stock price is falling, bears are shorting.
If open interest is falling and stock price is rising, short covering is taking place.
Spot volumes:A rising price shud always be backed by high volumes,it means there is no end to demand as price rises.
At near market peak,spot volumes usually decline and start thinning out-this signals the demand is declining.
Breadth: A market where breadth is strong is a healthy bull mkt.
Near mkt peak, trading interest tends to decline, and declining shares start to outnumber advancing ones.
Depth:As price flucuate,so do trading volumes. In a mkt with a good depth,a price fluctuation will not lead to a instant loss of volume.
For eg.A Rs.100 share sees a volumes of 200,000.
If prices rises to Rs110,or drops to Rs.90,and it volumes remain constant,we say that it is deep market.
Near a mkt peak, small price changes leads to large volume changes.
Sunday, May 25, 2008
Bafna Pharmaceuticals Ltd.
Bafna Pharmaceuticals Ltd.
Bafna Towers, No. 299, Thambu Chetty Street, Chennai (Madras), Tamil Nadu - 600001
Phone: 25267517 / 25270992 Fax: 25231264
Public Issue of 64,00,000 equity shares
of Rs 10 each for cash at a
premium of Rs 30 per share.
Issue details
Issue open Issue close
27 May, 2008 30 May, 2008
Issue price (Rs) Total size (Rs)
40.00 25.60 Crores
QIB Non-Institutional Retail Employee
- - 64,00,000 -
Lead Managers Registrar
KEYNOTE CORPORATE SERVICES LTD
CAMEO CORPORATE SERVICES LTD
Subramanian Building, No.1, Club House Road, Chennai (Madras), Tamil Nadu - 600002
Phone: 28460390 Fax: 28460129
Niraj Cement Structurals Ltd.
Niraj Cement Structurals Ltd.
Niraj House, Sunder Baug, Opp. Deonar Depot, Mumbai, Maharashtra - 400088
Phone: 25513750/ 25513541 Fax: 25518736
Public Issue of 32,50,000 equity shares
of Rs 10 each for cash at a
premium of Rs 180 per share.
Issue details
Issue open Issue close
26 May, 2008 30 May, 2008
Issue price (Rs) Total size (Rs)
190.00 61.75 Crores
QIB Non-Institutional Retail Employee
14,62,500 4,38,750 10,23,750 3,25,000
Lead Managers Registrar
ALLBANK FINANCE LTD
INTIME SPECTRUM REGISTERY LTD
C-13, PANNALAL SILK MILLS COMPOUND, LBS MARG. KANTILAL MAGANLAL INDUSTRIAL ESTATE, BHANDUP (W), Mumbai, Maharashtra - 400078
Phone: 25960320 (9 lines) Fax: 25960329/28
Coming soon
Company Open Date Close Date Issue Price (Rs)
Niraj Cement Structurals Ltd. May 26, 08 May 30, 08 190.00
Bafna Pharmaceuticals Ltd. May 27, 08 May 30, 08 40.00
Andrew Yule & Co (Code: 526173)
Andrew Yule & Co (Code: 526173) will b Relisted from Monday, May 26, 2008 with FV Rs.2/- from earlier Rs.10/-
Centurion Bank of Punjab
Trading in shares of Centurion Bank of Punjab will b suspended w.e.f. 9 June 2008
Karnataka Polls - BJP Leads
BJP emerges winner in Karnataka polls. Sonias Congress and Gowdas JDS looses peoples support.
Parties Results
BJP+ 110
Cong+ 80
JD(S) 28
IND & Oth 06
Total 224
TIPS FOR DAY TRADERS
TIPS FOR DAY TRADERS
1) If you are getting profit then please do book your profit first. Do not wait for more profit.
2) Do not wait or keep any trade more than 1:30hours. First book the profit or loss & then do new trade.
3) If advance Shares are more than Decline Shares then never make short position.
4) When you see that Numeric of Decline Shares is increasing means”GIRNE WALE SHARES” on that time short the position in Nifty.
5) Many times I saw that, only on the basis of day Trade Shares or depends only on Future’s Window short or buy position have been done by many Traders. But if sellers stand in more numbers then do not do any short position, first do wait and watch the shares rate & now do your position short on Higher Level Rates. Same as above if Buyers stand in more quantity wait for some time & when rates of the shares are coming lower, on that time you just buy.
6) If any Shares & Future Scripts do trade up to the 10 minutes of Crucial Point, that time should be buy & book the profit on R1-R2. When you are going to short the position do trade down to the 10 minutes of Crucial Point (According to below) & book the profit on S1-S2.
7) Always keep stop loss on Crucial Point.
8) If any Shares do trade on the 5DMA then be buy on that time but first see Crucial point.
9) If any shares do trade under the 5DMA, just do short the position but first see the Crucial Point carefully.
10) Never over the position for any greediness.
11) Do trade only depends on your capability.
12) Your money is only yours, don’t turn it into loss.
13) Safe & profitable trading is that should be do 1 or 2 trade only in a day & if you are getting profit of Rs. 500/- to 1000/-, you can hold this trade or you can keep it for Delivery base.
14) Please listen & watch carefully that whole profit is not only for yours.
15) You cannot catch Higher Level & the Bottom Level, so please be carefully always.
Note: If you will do trade according to these above tips, you will never take any losses in future.
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