INR Falling; Current Account Deficit Shoots up; Breached 43/= Levels Vs Dollar >>> Crude Making New High and Gold Surging to 934$ on spot; Euro heading high against Dollar ahead of ECB meeting - on expectation of possible 25Bps rate hike !!!!!!!!!
Monday, June 30, 2008
large caps got converted into midcaps,midcaps got conerted into small caps,small caps into penny stocks n thus genuine penny stocks become mkt outperformers...it happens only in INDIA
The market was subdued on Monday afternoon amid weak global cues and a rise in crude oil. Concerns over the higher inflation and political uncertainty also weighed down sentiment.Crude oil was hovering around $142.5 a barrel on Monday, near the record $142.99.
On Friday, data showed India's inflation rate jumped to 11.42 per cent in the 12 months to June 14, up from 11.05 per cent the previous week, its highest in more than 13 years
On Friday, data showed India's inflation rate jumped to 11.42 per cent in the 12 months to June 14, up from 11.05 per cent the previous week, its highest in more than 13 years
PM openly saying in media just now....that we will go thru with nuke deal.......not concerned by what left is saying.......so things r hotting up.......some new allies has been worked.......
the evidence that deal with SP and Congress has been done .... 1: Sahara which is very close to SP has got reprive from RBI that i can carry all NBFC functions including taking FDs 2: Maya has pulled out of UPA as SP has gone in ...SP and BSP cannot be in 1 camp : 3:just check the body language of mulayam singh and mar singh ...they have not uttered a single word against congress from last 15 days
mulayam singh will support the govt and as u know ... if a govt survives a confidence vote or no confidence vote it can last for another 6 months without any threat ..... amar singh has said they will suppot the congress and with sp UPA will easily sail thru the floor test ....market will recover easily ..because UPA will function without left for 6 months
REAL ESTATE SHARES ARE BLEEDING ON INCOME TAX SCRUTINY NEWS......ALL REAL ESTATE DEALS ABOVE 30 LAKHS FACING COMPULSORY SECRUTINY,,,,MORE PAIN SEEN FOR DLF,,UNITECH,,,SOBHA,,OMAXE,,HDIL,,,PURAVANKARA,,,etc
BY FINANCE MINISTER - IF U MAKE PROFIT U NEED NOT EXPLAIN BUT IF U MAKE LOSS U SHOULD NOT BE THERE TO EXPLAIN
The spectre of inflation and a bear market in equities is a powerful formula to rekindle investor interest in gold, which looks to be staging a catch-up rally after lagging other commodities in 2008.
Bullion, which has often moved in lock-step with oil because of the metal's appeal as a hedge against inflation, has in the last several months parted ways with the energy and grain markets, which have soared to record highs
Bullion, which has often moved in lock-step with oil because of the metal's appeal as a hedge against inflation, has in the last several months parted ways with the energy and grain markets, which have soared to record highs
News 30-Jun
Headlines for the day
Corporate News Headline
NTPC signed a power purchase agreement with Gridco for supply of power f0072om its 1,320 MW Barh project-stage-II in Bihar. (BS)
Unitech is planning to dilute 26% stake in its telecom arm to a strategic foreign partner, for which it is in discussion with a few telcos. (ET)
Parsvnath developers received a Rs. 1.25 bn order for constructing a park in Bihar. (BS)
Economic and Political Headline
Inflation based on the Wholesale Price Index stood at 11.42% for the week ended June 14, comparing with 11.05% in week earlier, due to higher prices of food items like tea, milk, and cereals. (ET)
The prices of flat and long steel products have plunged by up to 14% in May following the government´s measures to control inflation in the steel sector. (ET)
The US Consumer spending surged 0.8% in May, fed by mounting inflation and the round of income-tax rebates unleashed to brace a soft economy. (WSJ)
South Indian Bank
South Indian Bank may offer 1:4 bonus :Coimbatore, June 29 South Indian Bank shareholders are likely to get one bonus share for every four shares held by them. While this is the recommendation made by the bank’s board, which met at its headquarters in Thrissur on Saturday, the same is subject to shareholders approval.
RNRL
Reports to buy RNRL on basis of that it`s coming int o cement prodiction under reliance cement.. Check Your Sources .... MKT NEWS
Deliveries purchased on 30th June 2008, will not be available for selling on next settlement (1st July,2008 ) as the Pay-in for both the settlements are on 3rd July, 2008 at different timing. . If any client doing same will be at his own risk.
Also pls take care for next settlement nos is 2008125 in NSE & 0809065 in BSE for next trading day i.e. 02/07/2008.
Also pls take care for next settlement nos is 2008125 in NSE & 0809065 in BSE for next trading day i.e. 02/07/2008.
Friday, June 27, 2008
Fun
BEST MSG EVER WRITTEN ON BOARD IN THE CHURCH "GOD NEVER FAILS" A STOCK BROKER WROTE BELOW IT: LET HIM TRADE IN NIFTY FUTURE
U.S. Sen. Bill Nelson has filed legislation to ban unregulated speculative trading of oil futures and other energy commodities as a way to curb the unchecked run-up in crude oil and gasoline prices that took off after Congress deregulated electronic trading of energy futures in late 2000.
Results Today
Results Today :- Abhishek Industries, Andhra Cements, Bharat Electrical, Essar Oil, GSPL, Simplex Projects, Unitech Ltd.
if crdue margin increases than crude can fall verically and equity market will recover very fast ...
yesterday US has passed BILL to curb speculation in oil but ... i dont know wheather they have implemented it or not ..... hearing RUMOUR that crude margin has been pped from 10 to 35 % ...please confirm .if anyone has got the actual source abt margin change ..any url
Thursday, June 26, 2008
Results today
Results today: Allcargo Global, Apar Industries, BAG Films, Bhagyanagar India, Gateway Distriparks, Global Vectra, Nitin Fire, Panacea Biotec, Religare Enterprises, Tata Steel and Tulip Telecom
Citigroup Inc
Citigroup Inc., the New York-based bank that's posted the biggest losses from the collapse of the U.S. mortgage market, may take an additional $8.9 billion in net writedowns in the second quarter, Goldman Sachs Group Inc. said
in a research report
in a research report
GOVT'S DIRECTIVE ON RELIANCE TO SUPPLY KG-GAS TO FERTLIZER COs IS A BIG POSITIVE FOR NAGARJUNA FERT ,,,,,AND CHAMBAL FERT
Wednesday, June 25, 2008
US WEEKLY CRUDE OIL INVENTORY: CRUDE OIL STOCKS: +0.8M BARRELS, GASOLINE STOCKS:-0.1M BARRELS DISTILLATE STOCKS: +2.8
ENERGY: US EIA oil stocks for June 20 wk: "U.S. commercial crude
oil inventories (excluding those million barrels from the previous week.
At 301.8 million barrels, U.S. crude oil inventories are near the lower
boundary of the average range for this time of year. Total motor
gasoline inventories decreased by 0.1 million barrels last week, and are
in the lower half of the average range. Finished gasoline inventories
increased last week while gasoline blending components inventories
decreased during this same time. Distillate fuel inventories increased
by 2.8 million barrels, and are in the middle of the average range for
this time of year. Propane/propylene inventories increased by 1.2
million barrels last week but remain below the lower limit of the
average range. Tota
oil inventories (excluding those million barrels from the previous week.
At 301.8 million barrels, U.S. crude oil inventories are near the lower
boundary of the average range for this time of year. Total motor
gasoline inventories decreased by 0.1 million barrels last week, and are
in the lower half of the average range. Finished gasoline inventories
increased last week while gasoline blending components inventories
decreased during this same time. Distillate fuel inventories increased
by 2.8 million barrels, and are in the middle of the average range for
this time of year. Propane/propylene inventories increased by 1.2
million barrels last week but remain below the lower limit of the
average range. Tota
OIL: Weekly inventory data due up at 10.35. Platts survey looks for;
Crude oil stocks down 1.7 million barrels
Gasoline stocks down 750,000 barrels
Distillates stocks up 1.7 million barrels
Refinery utilization or run rate up 0.4 percentage point at 89.7%
Crude oil stocks down 1.7 million barrels
Gasoline stocks down 750,000 barrels
Distillates stocks up 1.7 million barrels
Refinery utilization or run rate up 0.4 percentage point at 89.7%
Mumbai, June 25 (PTI) The Shiv Sena today hit out at the Left parties for its opposition to the Indo-US deal and said barring the Left everybody knows that it would benefit India.
"There is no doubt that the Indo-US deal will be in the interest of India. This is a fact which everyone knows except the Left parties." an editorial in the party mouthpiece 'Saamana' said.
"There is no doubt that the Indo-US deal will be in the interest of India. This is a fact which everyone knows except the Left parties." an editorial in the party mouthpiece 'Saamana' said.
ONGC
ONGC Board recommends Dividend
Announcement: Oil & Natural Gas Corporation Ltd (ONGC) has informed that the Board of Directors of the Company at its meeting held on June 25, 2008, inter alia, has recommended Final Dividend of 140% (Rs 14/- per share), over and above 180% (Rs 18/- per share) already paid as interim dividend in December, 2007 for the FY 2007-08, subject to approval by the shareholders at the ensuing Annual General Meeting.
Announcement: Oil & Natural Gas Corporation Ltd (ONGC) has informed that the Board of Directors of the Company at its meeting held on June 25, 2008, inter alia, has recommended Final Dividend of 140% (Rs 14/- per share), over and above 180% (Rs 18/- per share) already paid as interim dividend in December, 2007 for the FY 2007-08, subject to approval by the shareholders at the ensuing Annual General Meeting.
Nobel-prize-winning economist Joseph Stiglitz and Linda Bilmes says Indian Govt is doing all wrong things ..... They say Indians have one of the higest savings rate and out of them 95 % saves in bank FDs ..so rise in interest rate will leave more money with them ... Further loan waiver and pay commision hike will lead to more money in hand of masses thus stoking great consumption boom and hence high inflation ... Govt shud cut interest rate and target subisdies to only people below poverty line ...
A crucial UPA-Left meet on Wednesday (June 25) could well be the government's last opportunity to resolve differences with the Left over the Indo-US Nuclear deal. Just ahead of the meeting CPI General Secretary AB Bardhan, told TIMES NOW that the government is safe until 5pm. He added that there is no way the Left can give a green signal to the deal. Meanwhile, the Left continues to tables more conditions in front of the government. Sources said that Left has demanded a written assurance that government will not proceed on Nuke deal after the IAEA talks.
Left's New Condition
Now LEFT adding new conditions, they want WRITTEN assurance from CONG on not signing NUCLEAR TREATY. UPA meeting results by 5 PM .. TIMES NOW
Financial markets in Hong Kong are due to reopen for the afternoon session Wednesday, after local officials downgraded the threat level as a tropical storm lashing the city weakened. Trading on the securities and derivatives market was to resume at 2:30 p.m. local time, while a pre-opening session for futures contracts would commence at 2:00. p.m., Hong Kong Exchanges and Clearing Ltd said in a statement.
WASHINGTON — A massive foreclosure rescue bill cleared a key Senate test Tuesday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year credit for helping hard-pressed homeowners.
The mortgage aid plan would let the Federal Housing Administration back $300 billion in new, cheaper home loans for an estimated 400,000 distressed borrowers who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans
The mortgage aid plan would let the Federal Housing Administration back $300 billion in new, cheaper home loans for an estimated 400,000 distressed borrowers who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans
Pakistan Stock Exchange
Pakistan Stock Exchange imposed that shares can’t fall more than 1% a day (earlier 5%). But a stock can rise 10% a day (earlier 5%). The impact - Index is rising as bears suffer. Such crazy rules can create long term bull market. .....news..
Mcx Gold
The August contract gold prices were sideways to slight down on previous session and ended at 12345 levels. Market is expected to trade lower and the next immediate support is at previous day's low and breach of the same may see prices testing 12250-12200 levels. The resistances can be seen at 12350 then 12375 levels. We expect gold to trade lower for the day and recommend taking shorts for the day.
The central bank (BI) is now contemplating how to contain inflation that has jumped after the government raised fuel prices last month.
The most commonly used instrument to contain inflation is increasing interest rates by the central bank. But given that the inflation this time is mostly due to spikes in food and oil prices caused by temporary shocks in supply and speculation, questions arise whether monetary tightening is warranted.
Tightening monetary policy could stoke economic growth, the last thing the country expects in the midst of a global slowdown. The expectation is that prices will soften as supply responds to higher prices and commodity prices drop off their year-on-year comparison.
Food prices account for 40-50 percent of the consumer price index in emerging countr
The most commonly used instrument to contain inflation is increasing interest rates by the central bank. But given that the inflation this time is mostly due to spikes in food and oil prices caused by temporary shocks in supply and speculation, questions arise whether monetary tightening is warranted.
Tightening monetary policy could stoke economic growth, the last thing the country expects in the midst of a global slowdown. The expectation is that prices will soften as supply responds to higher prices and commodity prices drop off their year-on-year comparison.
Food prices account for 40-50 percent of the consumer price index in emerging countr
Spice Communication
buy spice communication @59 open offer will be @96 ...it will be announced within 2 hours
Tuesday, June 24, 2008
RBI HIKES CRR BY 50 BPS IN 2 STAGES TO 8.75%..EFFECTIVE FROM 5 LULY &19 JULY..RBI HIKES REPO RATE BY 50 % ALSO.
NEW DELHI, June 24 (Reuters) - This is supposed to be India's century, but the dangers of complacency have been starkly underlined with inflation hitting a 13-year high and stellar economic growth expected to tail off.
India is far from alone in struggling with higher global oil and food prices, but as the stock market crumbles, economists are wondering if some of the shine has not come off the India story, if the miracle was partly a myth
India is far from alone in struggling with higher global oil and food prices, but as the stock market crumbles, economists are wondering if some of the shine has not come off the India story, if the miracle was partly a myth
There was a fresh round of selling by European funds in the afternoon today, say dealers, reports CNBC-TV18. There's also lack of conviction to buy among FIIs; the buy:sell ratio is at 1:3, they say. Domestic funds are also not very active at current levels. Selling pressure in midcaps is likely to continue, they say. Dealers expect a short covering recovery in the Nifty before the expiry
Basically FII is short, and it wants to cover the short. As a rule, it has transfer to retail people. It will do that. When it looks like its a deep well ahead, expect FII's short to cover up. It should be the short covering that would save the market now.
before fed meet For the first time in almost 18 months, IMM currency speculators are placing their bets on a U.S. dollar rally
Pyramid Saimira
Pyramid Saimira plans to raise $75 mn for expansion * Orchid Chemicals gets Canadian nod for combo injection
Higher advance tax payment powers Bhel
Bharat Heavy Electricals rose 2.02% to Rs 1,389.10 at 11:11 IST on BSE on reports it paid 42.8% higher advance tax at Rs 300 crore in the first installment of this financial year over the corresponding period in the previous year.
Bharat Heavy Electricals rose 2.02% to Rs 1,389.10 at 11:11 IST on BSE on reports it paid 42.8% higher advance tax at Rs 300 crore in the first installment of this financial year over the corresponding period in the previous year.
1-Jul-08 Mkt Close
Please note that July 01, 2008 will be a holiday for the exchange Clearing houses due to RBI Annual closing. The pay-in & pay-out of settlements NSE 2008123 , BSE 0809063 Dated 30-JUN-08 & NSE 2008124 , BSE 0809064 Dated 01-JUL-08 will be settled & held on 03-JUL-08.
So Please Don’t sell any shares which are bought in settlement No, 2008123 / 0809063 ( ie. 30-JUN-08) to 2008124 / 0809064 (i.e. 01-JUL-08). If any delay / technical problem come in the said pay-out from the exchanges, the sold settlements pay-in shares may be auctioned.
Sett No. Trade date Payin / out period
NSE NORMAL - 2008123 30-Jun-08 03-Jul-08
NSE NORMAL - 2008124 01-Jul-08 03-Jul-08
BSE ROLLING MKT- 0809063 30-Jun-08 03-Jul-08
BSE ROLLING MKT- 0809064 01-Jul-08 03-Jul-08
So Please Don’t sell any shares which are bought in settlement No, 2008123 / 0809063 ( ie. 30-JUN-08) to 2008124 / 0809064 (i.e. 01-JUL-08). If any delay / technical problem come in the said pay-out from the exchanges, the sold settlements pay-in shares may be auctioned.
Sett No. Trade date Payin / out period
NSE NORMAL - 2008123 30-Jun-08 03-Jul-08
NSE NORMAL - 2008124 01-Jul-08 03-Jul-08
BSE ROLLING MKT- 0809063 30-Jun-08 03-Jul-08
BSE ROLLING MKT- 0809064 01-Jul-08 03-Jul-08
Gail Bonus
1:2 bonus issue fuels GAIL India
GAIL India rose 1.48% to Rs 384 at 10:31 IST on BSE after its board recommended issue of bonus shares in the ratio of one equity share for every two shares held
GAIL India rose 1.48% to Rs 384 at 10:31 IST on BSE after its board recommended issue of bonus shares in the ratio of one equity share for every two shares held
Monday, June 23, 2008
23-Jun Headlines
New listing:
Oswal Spinning & Weaving to resume trading; no circuit filter today
Ex-dividend:
Sundaram Brake (Rs 6/sh)
BSP Withdraws Support From UPA Government; BSP Has 17 MPs In Lok Sabha
FM Urges Oil Producing Nations To Adopt A Price Band Mechanism, OPEC announces 2% hike in production
Fin Secy Says
Inflationary Pressures Will Persist For Next 3 Months
Expect RBI Governor To Take Monetary Policy Action
Dollar-Rupee Situation To Also Impact Inflation For Next 7 Mths
Oswal Spinning & Weaving to resume trading; no circuit filter today
Ex-dividend:
Sundaram Brake (Rs 6/sh)
BSP Withdraws Support From UPA Government; BSP Has 17 MPs In Lok Sabha
FM Urges Oil Producing Nations To Adopt A Price Band Mechanism, OPEC announces 2% hike in production
Fin Secy Says
Inflationary Pressures Will Persist For Next 3 Months
Expect RBI Governor To Take Monetary Policy Action
Dollar-Rupee Situation To Also Impact Inflation For Next 7 Mths
Market 23-Jun
Market May Be Volatile&Open with Down With Nifty 55 to 65 points
Suport:14300
Results:Tatapower,UniBew,CentBank
FII Sold 999Cr.In Cash MF bougt563Cr
Suport:14300
Results:Tatapower,UniBew,CentBank
FII Sold 999Cr.In Cash MF bougt563Cr
News 23-Jun
News
23-June-08
Headlines for the day
Corporate News Headline
RIL would invest USD 215 mn and create over 200 new jobs at a newly acquired polyester plant in the US. (BS)
Reliance
Infrastructure is planning to invest Rs. 280 bn in the next three years
to make acquisitions in India and abroad, including coal mines in
Indonesia. (BS)
BHEL bagged a contract worth USD 428 mn for setting up a 500 MW power project in the eastern state of Jharkhand. (ET)
Economic and Political Headline
The
WPI-based inflation rate soared to 11.05% for the week ended 7 June as
compared to 8.75% in the previous week due to increase in the petroleum
product prices. (BS)
The
RBI governor met the Prime Minister to have discussed steps needed to
be taken to control the prices with inflation shooting to 13-year high
at 11.05%. (BS)
The
Chinese government, which controls domestic fuel prices, raised its
base price for gasoline by 17% and diesel by 18%. (WSJ)
23-June-08
Headlines for the day
Corporate News Headline RIL would invest USD 215 mn and create over 200 new jobs at a newly acquired polyester plant in the US. (BS) RelianceInfrastructure is planning to invest Rs. 280 bn in the next three years
to make acquisitions in India and abroad, including coal mines in
Indonesia. (BS)
BHEL bagged a contract worth USD 428 mn for setting up a 500 MW power project in the eastern state of Jharkhand. (ET) Economic and Political Headline TheWPI-based inflation rate soared to 11.05% for the week ended 7 June as
compared to 8.75% in the previous week due to increase in the petroleum
product prices. (BS)
TheRBI governor met the Prime Minister to have discussed steps needed to
be taken to control the prices with inflation shooting to 13-year high
at 11.05%. (BS)
TheChinese government, which controls domestic fuel prices, raised its
base price for gasoline by 17% and diesel by 18%. (WSJ)
Nifty 23-Jun
NIFTY FUT GOOD ABOVE 4350..NIFTY FUT WEAK BELOW 4280 LEVEL..4280 BELOW WE SEE 4250-4204.
Crude Oil
Crude Oil- Saudi Arabia may raise its oil production beyond a planned 200,000 barrel-a-day increase in July if the oil market requires extra supply. Saudi Arabia is prepared and willing to produce additional barrels of crude above and beyond the 9.7 million barrels per day, which they plan to produce during the month of July, if demand for such quantities materializes and customers needed
Sunday, June 22, 2008
Mcx Weekly Calls
Mcx Weekly Reccomendation
23-June-28-June
WEEKLY Recommendation GOLD BUY AT 12346 S/L 12234 TGT 12637 & 12817 SILVER BUY AT 24009 S/L 23731 TGT 24738 & 25188
WEEKLY Recommendation CRUDE/AUG NYMEX SELL AT 136.74 S/L 137.96 TGT 133.57 & 131.60 MCX (JUL) SELL AT 5863 S/L 5914 TGT 5727 & 5643
23-June-28-June
WEEKLY Recommendation GOLD BUY AT 12346 S/L 12234 TGT 12637 & 12817 SILVER BUY AT 24009 S/L 23731 TGT 24738 & 25188
WEEKLY Recommendation CRUDE/AUG NYMEX SELL AT 136.74 S/L 137.96 TGT 133.57 & 131.60 MCX (JUL) SELL AT 5863 S/L 5914 TGT 5727 & 5643
Mcx 23-28 June
MCX 23-June-28-June
GOLD SPOT LEVEL'S Support:- 889.35/897.15/894.95/889.75 Resistance:- 903.85/906.40/909.25/913.85
GOLD MCX LEVEL'S Support:- 12485/12465/12430/12405/12380 Resistance:- 12570/12600/12630/12650/12730
SILVER MCX LEVEL'S Support:- 2400/24300/24150 Resistance:- 24575/24685/24775/24920
GOLD SPOT LEVEL'S Support:- 889.35/897.15/894.95/889.75 Resistance:- 903.85/906.40/909.25/913.85
GOLD MCX LEVEL'S Support:- 12485/12465/12430/12405/12380 Resistance:- 12570/12600/12630/12650/12730
SILVER MCX LEVEL'S Support:- 2400/24300/24150 Resistance:- 24575/24685/24775/24920
Inflation
Inflation had been high since 18 months but government was declaring figures on the lower side. Inflation is nothing less than 20 to 25% in INDIA as of date
NIFTY Cracked
Now it is foregone conclusion that interest rates are going to go up and corporate profits will decline in several of the coming quarters. In this back ground it is reasonable to assume that NIFTY will sink to a level of 3600 as per the chart This however this can take 3 to 6 months time to find the level of 3600. At that level of 3600 nifty would have retracted 56% from the top 6367. In the past , in bear phase indices have retracted 56%.
Mcx Weekl Rec
WEEKLY recommendation GOLD BUY AT 888.20 S/L 879.90 TGT 909.95 & 923.35 SILVER BUY AT 16.99 S/L 16.76 TGT 17.57 & 17.94
Next Week (weak)
Next week also very volatile,weak world mkt,F&O expiery,Crude oil,Politics issue,Inflation.
21-Jun Mcx Close
21-June-08
SPOT CLOSE RATE:- GOLD-902.25 SILVER-17.41 CRUDE-134.78 INR-42.93 EUR-1.5627 GBP-1.9768 JPY-107.27
SPOT CLOSE RATE:- GOLD-902.25 SILVER-17.41 CRUDE-134.78 INR-42.93 EUR-1.5627 GBP-1.9768 JPY-107.27
Friday, June 20, 2008
End Of Day
It was an extremely disappointing day for the market, as well as the economy. Inflation for week ended June 7 came out at 13-year high of 11.05%, which was much more than expected. Global cues were weak and inflation added more fuel to the fire. Panic selling pulled the key indices to new 2008-lows. Sensex ended at 14,571, down 516 points from the previous close. Nifty shut shop at 4347, down 156 points. CNX Midcap and BSE Smallcap indicies lost 3.4% each. Realty, oil & gas, metal and banking stocks took the worst hit. Reliance Communications, Reliance Industries, JP Associates and Hindalco were among the ones that dragged the Sensex lower. But ONGC and Mahindra & Mahindra were the gainers on the Sensex
U.S. officials say Israel carried out a large military exercise this month that appeared to be a rehearsal for a potential bombing attack on Iran's nuclear facilities, The New York Times reported on Friday.:- Positive for crude and gold.
Israel Exercise Seen Readying Iran Strike, NYT Says June 20 (Bloomberg) -- A military exercise carried out by Israel seems to have been a rehearsal for a bombing attack on Iran's nuclear facilities and long-range conventional missiles, the New York Times reported, citing several unidentified U.S. officials.
Lotus Eye Care Hospital IPO
IPO of Lotus Eye Care Hospital subscribed by 0.99 times at 3 PM on FridayANyone Can STBT Nifty On High TGT 4240 or more
FII Selling Heavly
FIIs have been selling aggressively post noon today, while domestic institutions are on the sidelines
There's complete lack of buying interest. Uncertainity (political crisis) has been discouraging long funds to buy in the market. RBI to check inflation in coming days, therefore sentiment is low towards rate sensitives.
There's complete lack of buying interest. Uncertainity (political crisis) has been discouraging long funds to buy in the market. RBI to check inflation in coming days, therefore sentiment is low towards rate sensitives.
Funnnnn
A boss asked sardar 2 bring 2 corner tickets for a movie to enjoy with his Girl Friend
Sardar Brought 2 corner tickets
A1 and A24....
Sardar Brought 2 corner tickets
A1 and A24....
KGN Fine
222 BROKERS IMPOSED FINE OF 5 LAKHS EACH IN KGN AND 118 BROKERS IN SYLPH 5 LAKHS EACH TOTAL AROUND 17 CRORES
52 week low or near to low in f&O
52 week low or near to low in f&O : abb , air deccan , albk , andhra bk , ansal infra , apil , bajaj hldng , beml , bpcl , brigade , cbi , dlf , gdl , gmr infra , gt offshore , indian hotel , j&k bank , jp assoc , kesoram , ktk bank , nagarjuna const , obc , omaxe , parsvnath , peninsula land , pnb , r power , sobha , tata motors , vijaya bank , wock pharma , wwil .
The U.S. Energy Department in a report on June 10 said China`s oil consumption is expected to rise 440,000 barrels to an average 8.02 million barrels a day this year.
Crude oil prices are expected to trade weak touching the level of USD 131.60. If it breaks this level, it may see the level of USD 125.
Crude oil prices are expected to trade weak touching the level of USD 131.60. If it breaks this level, it may see the level of USD 125.
Huge selling is witnessed across the board. The market breath is totally negative, out of the total stocks traded at the BSE, around 70% are trading in negative
hmmmmmmmmm
We expect interest rate to go up between 0.5 to 1% after RBI increasing repo rate by 50 bps and CRR hike by 50-75 bps
Impact on Rate sensitive sectors:
(a) Auto: The EMI for 2 wheeler loan may increase by max Rs 50 / month & Cars by Rs 450 / month - impact not very significant
(b) Housing loan: EMI increase may be between 2-5% for the borrowers. Although, impact could be negative on banks and real estate companies, we expect genuine buyers to execute their demand for housing even during such times.
Impact on Rate sensitive sectors:
(a) Auto: The EMI for 2 wheeler loan may increase by max Rs 50 / month & Cars by Rs 450 / month - impact not very significant
(b) Housing loan: EMI increase may be between 2-5% for the borrowers. Although, impact could be negative on banks and real estate companies, we expect genuine buyers to execute their demand for housing even during such times.
Reliance Infrastructure
Reliance Infrastructure plans to invest R s30,000 crores in the next 3 years ot expand its engineering and construction business in India and acquire assets in India. The company will borrow as much as 80% of the funds.
20-June News
20-June-08
News
Headlines for the day
Corporate News Headline
Reliance Infrastructure is planning to invest USD 7 bn in the next three years to expand its engineering and construction business in India and acquire assets in overseas. (BS)
Tata Steel and Essar Steel are vying for a majority stake in the proposed joint venture of Indonesia´s PT Krakatau Steel to build a 2.5 MT plant. (BS)
Power Finance Corp sanctioned a loan of Rs. 100 bn to NTPC for various projects to be completed in the current 11th Five Year plan. (BS)
Economic and Political Headline
The RBI has delayed the plan to allow trading in credit derivatives as the global financial crisis ensured the collapse of the US subprime-mortgage market. (BS)
The direct tax receipts rose 71.3% in the first two months of the current fiscal year from a year ago, indicating the economy was sustaining its growth pace. (ET)
The UK retail sales rose 3.5% in May due to an increase in the sales of textiles, clothing, and footwear. (WSJ)
Thursday, June 19, 2008
19-June Mcx Close
19-June-08
MCX
CLOSING RATE:- CRUDE:-5746,GOLD:-12512,SILVER:-24519,COPPER:-356.45,ZINC:-82.35,NICKEL:-96 0,LEAD:-78.3,NATURAL GAS:-555.2
19-June-08 Report
19-June-08
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BREAKING NEWS
BREAKING NEWS:::: Former Bear Stearns hedge fund managers surrender to authorities, expected to face charges in subprime case - AP reports.
Cairn India
Cairn India received an exploration license from the Sri Lankan government to explore oil and natural gas in the Mannar Basin
bad news4crude Commodity Alert
bad news4crude Commodity Alert: Royal Dutch Shell has stopped production at its Bonga offshore oilfield in Nigeria, which pumps an average of around 220,000 barrels per day, after an armed attack...market news...
BASF German Firm
BASF German firm said it's going to start a new stock buyback program, saying it will buy up to 3 billion euros ($4.7 billion) of shares through mid-2010. The stock buyback can begin immediately. BASF completed its 3 billion euro share buyback program for 2007 and 2008 ahead of schedule, the Ludwigshafen, German firm said
Stock Market Rule
Stock Market Rule : Jo Dar Gaya Samjo Mar Gaya Aur Jo Nahi Dara Wo To Dafan Hi Ho Gaya
Dow Jones Support
In WALL street Dow jONES Support Today 11960..If Break Today then see Sharp fall till 11800-11750.
Cement
Cement companies based in Gujarat, including Gujarat Ambuja, Binani Industries, Ultratech, Sanghi Cement and Gujarat Siddhee, are understood to have benefited from the move. India exported 3.64 million tones of cement and 2.37 million tones of clinker in 2007-08.
LEFT AND UPA DRAMA AT HIGH LEVELS ANY THING CAN HAPPEN JUST WATCH LATEST STATEMENTS GIVEN BY SITARAM YECHURY SO BE VERY ALLERT MARKETS CAN GO ANY WHERE UP AS WELL AS DOWN ALL DEPENDS ON THESE SELFISH POLITICIANS
19-June News
19-June-08
News
Headlines for the day
Corporate News Headline
Tata Communications acquired 50% stake in China Enterprise Communications for an undisclosed amount. (ET)
Sintex Industries acquired Digvijay Communication and Networks through its 74% subsidiary Zeppelin Mobile Systems India in the form of a slump sale deal amounting to Rs. 540 mn. (BS)
Exide Industries acquired 51% in a lead smelter company, Leadage Alloys India Ltd for Rs. 350 mn. (ET)
Economic and Political Headline
The six core infrastructure industries register a growth of 3.6% in April 2008, compared to 5.9% in a year-ago period. (ET)
As inflation has touched 8.75%, the Finance Minister announced that the rate of price rise is high, prompting RBI to tighten money supply. (BS)
Japan and China agreed to jointly develop a disputed natural gas field and cooperate in exploration in the East China Sea. (WSJ)
China and India watch money flood out to America over inflation fears=The world's fund managers are pulling their money out of China and India at a record pace on mounting fears of inflation and are now more pessimistic about global equities than at any time in the past decade.The latest survey of investors by Merrill Lynch shows that Europe has become the most unpopular region, while Britain is still trapped in the doldrums.But the big surprise is the sudden change in view on the emerging powers of Asia, as overheating and spiralling oil costs spoil the boom.India fell to -63 as investors took fright at the country's budget and trade deficits. There is concern over a relapse towards Nehru-era policies after Delhi halted trading in a range of commodity futures and restricted rice
JPT Book Profit
In JPT Securities
Book Full n Final Profit
Call is Close Here
We Bought at 47 CMP 124
BOOK FULL PROFIT
Book Full n Final Profit
Call is Close Here
We Bought at 47 CMP 124
BOOK FULL PROFIT
Wednesday, June 18, 2008
18-Jun-08 Report
18-June-08
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Breaking News
Breaking News: President Bush Urges Several Steps to Increase US Oil Production, Including Lifting Ban on Offshore Oil Drilling.
Breaking News
BREAKING NEWS::::Morgan Stanley's quarterly earnings and revenue decline. Earnings per share top estimates, but revenue falls short. Dow Futures: -120
Hisab Barabar
yesterday closing plus 301 and todays clsoosing minus 301, kehlo india khelooooooooooo..hisab barabar
SRF
SRF BUYBACK OFFER : The maximum Buyback price offers a premium of 15.07% & 15.11% over the closing prices on the BSE & NSE respectively prevailing on the date of the Board Meeting held on April 25, 2008 approving the Buyback. (So max price for buy back is 140 +15 %=161)
Warning
ROYAL BANK OF SCOTLAND HAS ISSUED A NOTE OF WARNING STATING THAT THE GOLBAL EQUITY MARKET MIGHT SEE A BIG CRASH IN COMING DAYS.
Reliance Movies
Steven Spielberg's DreamWorks SKG is close to a $500-600 million deal to form a new movie venture with India's Reliance ADA Group, the Wall Street Journal reported, citing people familiar with the situation.
The deal would give Spielberg the cash to finance DreamWorks' departure from Viacom Inc.'s Paramount Pictures later this year, the newspaper added.
Reliance would get a large stake in the new company. DreamWorks would likely seek another $500 million or so in debt financing elsewhere to give the venture enough money to make about six films a year, the Journal said.
The deal would give Spielberg the cash to finance DreamWorks' departure from Viacom Inc.'s Paramount Pictures later this year, the newspaper added.
Reliance would get a large stake in the new company. DreamWorks would likely seek another $500 million or so in debt financing elsewhere to give the venture enough money to make about six films a year, the Journal said.
SAIL
Steel Authority of India (SAIL) is reportedly exploring the possiblity of setting up a joint venture with another state-owned firm, Bharat Coking Coal, specifically for the rich Kapuria block in Jharkhand.
ADR 17 June
ADR 17 June: Tata Com (+1.83%), TAMO (+1.83%), ICBK (+1.22%), Stlite (+0.86%), HDFCBk (+0.71%), Wipro (-0.30%), Satyam (-0.45%), Infy (-0.68%), Dr.Reddy (-2.27%).
18-Jun Mcx Levels
18-Jun Mcx Levels
Support-Resistance
GOLD MCX Support:- 12225/12190/12170/12145 Resistance:- 12315/12340/12385/12415 (ONLY WATCH NO TRADE) TREND- SIDEWAYS
SILVER MCX Support:- 23915/23825/23675 Resistance:- 24250/24400/24550 (ONLY WATCH NO TRADE)
GOLD SPOT Support:- 882.00/879.50/877.00/873.50/869.00 resistance:- 886.00/888.00/891.50/894.00/865.50
USD/INR TRADE DOWN; STOCK CUES AWAITED Range 42.80-42.95
Support-Resistance
GOLD MCX Support:- 12225/12190/12170/12145 Resistance:- 12315/12340/12385/12415 (ONLY WATCH NO TRADE) TREND- SIDEWAYS
SILVER MCX Support:- 23915/23825/23675 Resistance:- 24250/24400/24550 (ONLY WATCH NO TRADE)
GOLD SPOT Support:- 882.00/879.50/877.00/873.50/869.00 resistance:- 886.00/888.00/891.50/894.00/865.50
USD/INR TRADE DOWN; STOCK CUES AWAITED Range 42.80-42.95
18-Jun News
18-June-08
News
Headlines for the day
Corporate News Headline
RIL
is planning to increase the crude oil imports from Saudi Arabia because
of rising demand for fuels in India and the rest of Asia. (Bloomberg)
BSNL
is planning for a rapid expansion of its telecom network and
connectivity of mobile services in the North-East Circle by providing
more than 2 lakh lines by September. (BS)
Ashok
Leyland made a strategic investment in Germany-based group firm,
Albonair GmbH for development of vehicle emission treatment systems and
products. (BS)
Economic and Political Headline
Making
it easier for urban cooperative banks to extend housing loans, the RBI
has relaxed the risk provisioning norm for purchase of residential
properties up to Rs. 3 mn. (ET)
Indirect
tax collections, barring service tax, grew 12.8% in the first two
months of the current fiscal upto May, helping the government to mop up
Rs. 352.16 bn of revenue as against Rs 312.17 bn during the same period
last year. (BS)
The US producer prices soared 1.4% in May led by a higher energy and food prices. (WSJ)
News
Headlines for the day
Corporate News Headline RILis planning to increase the crude oil imports from Saudi Arabia because
of rising demand for fuels in India and the rest of Asia. (Bloomberg)
BSNLis planning for a rapid expansion of its telecom network and
connectivity of mobile services in the North-East Circle by providing
more than 2 lakh lines by September. (BS)
AshokLeyland made a strategic investment in Germany-based group firm,
Albonair GmbH for development of vehicle emission treatment systems and
products. (BS)
Economic and Political Headline Makingit easier for urban cooperative banks to extend housing loans, the RBI
has relaxed the risk provisioning norm for purchase of residential
properties up to Rs. 3 mn. (ET)
Indirecttax collections, barring service tax, grew 12.8% in the first two
months of the current fiscal upto May, helping the government to mop up
Rs. 352.16 bn of revenue as against Rs 312.17 bn during the same period
last year. (BS)
The US producer prices soared 1.4% in May led by a higher energy and food prices. (WSJ)Mcx Close 17-Jun
Mcx Close 17-Jun
CLOSING RATE:- CRUDE:-5733,GOLD:-12271,SILVER:-24050,COPPER:-344.5,ZINC:-80,NICKEL:-1038,L EAD:-79.75,NATURAL GAS:-551.2
CLOSING RATE:- CRUDE:-5733,GOLD:-12271,SILVER:-24050,COPPER:-344.5,ZINC:-80,NICKEL:-1038,L EAD:-79.75,NATURAL GAS:-551.2
Tuesday, June 17, 2008
17-Jun-08 Report
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Reliance Industries Ltd.
Reliance Industries Ltd., India’s biggest company, is increasing crude oil imports from Saudi Arabia as it seeks to secure supplies because of rising demand for fuels in India and the rest of Asia. Reliance, based in Mumbai, is boosting purchases by at least 90,000 barrels a day, accounting for 30 percent of Saudi Arabia’s output increase of 300,000 barrel
Advance Tax Figures
Advance Tax Figures: ICICI Bank has paid Rs 340 crore Vs Rs 250 crore a year ago
SBI has paid Rs 663 crore Vs Rs 503 crore a year ago
IDBI Bank has paid mere Rs 10 crore Vs Rs 7 crore a year ago
Reliance Industries paid Rs 340 cr Vs 295 cr a year ago
Bajaj Auto paid Rs 50 cr Vs Rs 60 cr a year ago
HDFC's Advance Tax shot up by 40% to Rs 140 cr Vs Rs 95 cr
Tata Motors paid Rs 30 cr and Ambuja Cement Rs 100 cr
SAIL paid an Advanced Tax of Rs 457 crore against Rs 454 crore year ago
SBI has paid Rs 663 crore Vs Rs 503 crore a year ago
IDBI Bank has paid mere Rs 10 crore Vs Rs 7 crore a year ago
Reliance Industries paid Rs 340 cr Vs 295 cr a year ago
Bajaj Auto paid Rs 50 cr Vs Rs 60 cr a year ago
HDFC's Advance Tax shot up by 40% to Rs 140 cr Vs Rs 95 cr
Tata Motors paid Rs 30 cr and Ambuja Cement Rs 100 cr
SAIL paid an Advanced Tax of Rs 457 crore against Rs 454 crore year ago
Ipca - Ranbaxy
Ipca - Ranbaxy alliance receive U.S.FDA marketing approval for Metoclopramide Tablets
MCX Calls
GOLD SELL BELOW 12275 CMP 12300
SILVER SELL BELOW 24223 CMP 24301
CRUDE SELL BELOW 5759 CMP 5791
SILVER SELL BELOW 24223 CMP 24301
CRUDE SELL BELOW 5759 CMP 5791
ReList 20-Jun
White Diamond Industries Ltd (Scrip Code: 513713) & Mid India Industries Ltd (Scrip Code: 500277) to Relist on BSE on 20.06.2008.
Ultratech Cement Ltd
Ultratech Cement Ltd has informed BSE that books of Company will remain closed from July 11, 2008 to July 18, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on July 18, 2008.
Advanced Tax Numbers
Advance tax Numbers Announced HDFC LTD 40% rise to Rs.140 crores SBI 32% rise to Rs 663 crores ICICI Bank 38% rise to Rs. 340 crores IDBI 43% rise to Rs. 10 crores Reliance Industries 15% Bajaj Auto down by 17% to Rs.50 crores
17-Jun-08 News
News
17-Jun-08
Headlines for the day
Corporate News Headline
Reliance Industries is planning to borrow USD 1 bn to fund its expansion projects. (Bloomberg)
Tata
Steel and Rawmet Ferrous Industries entered into an agreement with
Jasper Industries for a Rs. 6.75 bn coal-based power project. (BS)
JSW
Steel formed a joint venture in Georgia to make roads to meet rising
demand for construction steel in Eastern Europe. (Bloomberg)
Economic and Political Headline
The
Finance Minister asked bankers to shed their "conservative" attitude
towards lending to entrepreneurs as he announced a commitment to pump
in nearly Rs. 10 bn additional fund to an initiative to promote the SME
sector. (ET)
On
the issue of tax cut on petro products, the states government asked the
Centre to share 50% of Rs. 80 bn revenue loss caused by tax and duty
reduction on fuels. (ET)
The
annual inflation in the euro zone rose to a high of 3.7% in May due to
a continious increases in food, fuel, and housing prices. (WSJ)
17-Jun-08
Headlines for the day
Corporate News Headline Reliance Industries is planning to borrow USD 1 bn to fund its expansion projects. (Bloomberg) TataSteel and Rawmet Ferrous Industries entered into an agreement with
Jasper Industries for a Rs. 6.75 bn coal-based power project. (BS)
JSWSteel formed a joint venture in Georgia to make roads to meet rising
demand for construction steel in Eastern Europe. (Bloomberg)
Economic and Political Headline TheFinance Minister asked bankers to shed their "conservative" attitude
towards lending to entrepreneurs as he announced a commitment to pump
in nearly Rs. 10 bn additional fund to an initiative to promote the SME
sector. (ET)
Onthe issue of tax cut on petro products, the states government asked the
Centre to share 50% of Rs. 80 bn revenue loss caused by tax and duty
reduction on fuels. (ET)
Theannual inflation in the euro zone rose to a high of 3.7% in May due to
a continious increases in food, fuel, and housing prices. (WSJ)
Results Today
Results Today: BPCL, Bilpower, Cambridge Solutions, Chettinad Cement, IRB Infra, Jumbo Bag, Sical Logistics, Sri Digvijay Cement, Tantia Constructions, Tata Communications, Wire & Wireless and Zee News.
Monday, June 16, 2008
16-Jun-08 Report
16-June-08
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Era Infra
Era Infra Engineering Ltd has bagged two contracts from Birla Tyres for construction of two tyre plants valuing Rs 30 crores and 25 crores. The company has also bagged a contract from Alps Industries Ltd for construction of Weaving & Processing Unit valuing Rs 10.5 crores.
JSW Steel
JSW Steel has entered into a joint venture for setting up a steel plant in Georgia with an initial capacity of 1.75 lakh tonnes re-highsale bars per annum. The company has decided to invest 49 per cent of the equity.
D S: Government of India authorises issuance of existing debt instruments such as treasury bills and dated securities under the Market Stabilization Scheme. The MTM losses on these bills are expected to be to the tune of Rs 60000-65000 crore. This has not been provided for and has been suppressed till now. But one Mr.Kelkar from Pune has approached the High Court regarding this matter. If this matter is published in the newspapers in the coming days, it could have a negative impact on the market. This news, though from a reliable source could turn out to be a rumour or this news could be suppressed.. Please be careful and trade with stop losses…
Lehman Brothers Real Estate Partners will invest approximately Rs 740 crore to acquire a 50 per cent stake in the initial phase of a project on the Western Expressway of Mumbai, jointly developed by Unitech and its local Mumbai partners. The initial phase entails development of 1 mn sq ft of office space out of the total developable area of nearly 18 mn sq ft. Lehman Brothers Real Estate Partners and the Western Expressway JV will each contribute 50 per cent of the construction cost.
South Africa’s MTN Group is willing to extend the 45-day exclusive deadline with Reliance Communicaiton for talks to discuss the potential combination of their businesses.The deadline will end on July 8. A high level team from MTN is also expected to meet Reliance Industries to take stock of the situation. Meanwhile, Reliance Communications has threatened to claim damages from RIL in case it takes recourse to legal action
Saudi Arabia will increase its oil production by 200,000 barrels a day from July, its oil minister tells the United Nations
16-Jun News
16-Jun-08
Headlines for the day
Corporate News Headline
SAIL
would be investing Rs. 1 bn in its fourth steel processing unit at
Bandaka Industrial Area in the Ujjain district of Madhya Pradesh. (BS)
Power
Grid Corp would seek fresh loan of USD 600 mn from the World Bank and
the ADB to fund its mega transmission projects. (ET)
3i
Infotech acquired the US-based Regulus Group, an independent remittance
and document processing services provider, for USD 100 mn. (BS)
Economic and Political Headline
The
WPI-based inflation for the week ended May 31 rose to 8.75% as compared
to 8.24% for the previous week due to an increase in the prices of
primary articles and manufactured products. (BS)
The
Finance Minister P Chidambaram has approved 13 FDI proposals worth Rs.
15.24 bn based on recommendations of the Foreign Investment Promotion
Board. (BS)
The US consumer prices rose 0.6% in May due to a soaring energy prices and a big jump in airline fares. (WSJ)
Headlines for the day
Corporate News Headline SAILwould be investing Rs. 1 bn in its fourth steel processing unit at
Bandaka Industrial Area in the Ujjain district of Madhya Pradesh. (BS)
PowerGrid Corp would seek fresh loan of USD 600 mn from the World Bank and
the ADB to fund its mega transmission projects. (ET)
3iInfotech acquired the US-based Regulus Group, an independent remittance
and document processing services provider, for USD 100 mn. (BS)
Economic and Political Headline TheWPI-based inflation for the week ended May 31 rose to 8.75% as compared
to 8.24% for the previous week due to an increase in the prices of
primary articles and manufactured products. (BS)
TheFinance Minister P Chidambaram has approved 13 FDI proposals worth Rs.
15.24 bn based on recommendations of the Foreign Investment Promotion
Board. (BS)
The US consumer prices rose 0.6% in May due to a soaring energy prices and a big jump in airline fares. (WSJ)Sunday, June 15, 2008
Friday, June 13, 2008
13-June-08 Report
13-June-08
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Chambal Fertiliser
CHAMBAL FERT new stories coming out...it is the single largest producer of urea,.it is setting up 2600MW power plant and their phosphoric acid joint venture which is in indonesia prices world over has gone up 3-5 times, so these stories attracting more buyers, FUND
L & T
Larsen & Toubro plans to invest Rs 25,000 crores in the next five years in projects to generate a total of 5,000 MW of power. The company has set a target of achieving a turnover of Rs 80,000 crores by 2015 from Rs 30,000 crores in the last fiscal. It aims a 25-30% growth on a CAGR basis till 2015.
Rel Infra
The consortium led by ADAG group company Relinfra and Hyundai has decided not to seek an extension of the bid for the Rs 6,000 crore, 22-km sea link project citing the Maharashtra government’s indecisiveness over awarding the contract. The consortium had won the bid, but the government decided to review its decision as it realized that the concession period- or the period for which the developer collects the toll to recover its costs - was unrealistic. Relinfra’s withdrawal effectively leaves the field open for the only other bidder – the consortium of Mukesh Ambani’s SeaKing Infrastructure (SKIL) and IL&FS. Relinfra had quoted a concession period of 9 years and 11 months against SKIL consortium’s 75 years.
Nifty FUT: 4550 - 4561 are resistances which need to cross before we expect any further upmove. Note the discount in nifty. A lot depends on niflation today, and nifty seems to have discounted highest single digit inflation. But if it does double digit, it might be an issue
JPT Freeze
JPT Freeze Agaian
Centuary Completed
CMP 102.4
We Bought at 47
Around 120% Gain
Zoom Barabar Zoom Barabar Zooooooooommmmm!!!!
Enjoy!!!!
Centuary Completed
CMP 102.4
We Bought at 47
Around 120% Gain
Zoom Barabar Zoom Barabar Zooooooooommmmm!!!!
Enjoy!!!!
Along with RANBAXY, keep watch on ORCHID and CIPLA too in pharma space. Outside pharma, keep watch on Fert. stocks and DCB, which might see some 'action'.
13-Jun News
13-Jun-08
Headlines for the day
Corporate News Headline
Reliance Industries would commission its new refinery and Krishna-Godavari Basin gas fields in 3-6 months. (ET)
Wipro is bidding for 12 contracts worth at least USD 100 mn each as it seeks bigger clients. (Bloomberg)
SAIL would set up three steel processing units in Madhya Pradesh to manufacture value added products. (ET)
Economic and Political Headline
The Industrial production growth in April stood at 7% from a year earlier, after gaining a revised 3.9% in March. (BS)
The
government announced a reduction in prices of complex fertilisers to
encourage farmers to use nutrient-based organic instead of regular
nutrient like urea and DAP. (ET)
The
retail sales in the US rose 1% in May as the Americans used their tax
rebates to shop at electronics and department stores, and record
gasoline prices swelled service-station receipts. (WSJ)
Headlines for the day
Corporate News Headline Reliance Industries would commission its new refinery and Krishna-Godavari Basin gas fields in 3-6 months. (ET) Wipro is bidding for 12 contracts worth at least USD 100 mn each as it seeks bigger clients. (Bloomberg) SAIL would set up three steel processing units in Madhya Pradesh to manufacture value added products. (ET) Economic and Political Headline The Industrial production growth in April stood at 7% from a year earlier, after gaining a revised 3.9% in March. (BS) Thegovernment announced a reduction in prices of complex fertilisers to
encourage farmers to use nutrient-based organic instead of regular
nutrient like urea and DAP. (ET)
Theretail sales in the US rose 1% in May as the Americans used their tax
rebates to shop at electronics and department stores, and record
gasoline prices swelled service-station receipts. (WSJ)
Thursday, June 12, 2008
12-Jun-08 Report
12-June-08
Intraday Report Card
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One can see growth of 25% in capital goods, banking and realty sectors, says Nilesh Shah of Envision Capital, on NDTV Profit. He is bullish on engineering and renewable energy sources. Valuations for broadcasting space also look attractive, he says. He is also positive on integrated private sector banks
The market is worried that policy actions could dampen growth momentum, says CLSA, reports CNBC-TV18. The brokerage sees potential for Sensex to touch August 2007 lows. It has added Sun Pharma and TCS to its model portfolio and removed and removed Tata Motors. It has increased weight on Reliance Industries in model portfolio to 19% from 15%. It has also increased weight on Infosys to 10% from 7%.
Reliance Industries
Reliance Industries will commission its new refinery at Jamnagar this year. The new refinery will process 580,000 barrels of crude every day. With the new facility, the total refining capacity at its Jamnagar complex will go up from 0.66 million barrels to 1.24 million barrels. Jamnagar will acount for 2 per cent of global petroleum refining capacity. Reliance would also be commissioning 900,000 tonne polypropylene capacity this year.
LOTUS EYE CARE HOSPITAL LIMITED
New IPO
LOTUS EYE CARE HOSPITAL LIMITED
PRICE BAND- 38/- TO 42/-
ISSUE OPENS-12.06.08
ISSUE CLOSES-17.06.08
BID LOT -150 EQ.SHARES
LOTUS EYE CARE HOSPITAL LIMITED
PRICE BAND- 38/- TO 42/-
ISSUE OPENS-12.06.08
ISSUE CLOSES-17.06.08
BID LOT -150 EQ.SHARES
News - SBI may hike its short-term lending rates soon.The development comes following Reserve Bank India hiking its short term repo rate by 0.25% to 8%. The reverse repo rate, at which RBI borrows money from banks in exchange of the government papers.Following the repo rate hike, HDFC Bank, Bank of India, Indian Bank and Union Bank of India also indicated that they might pass on the additional burden to customers.
IIP Numbers
Chief Economist, Kotak Institutional Equities, said the IIP numbers for the month of April, which were above expectations, testified to the underlying strength of the economy. The industrial output is up 13.6% vs 9.9% on a YoY basisl. Meanwhile, the manufacturing output for April is at 15.1% vs 11% on a YoY basis
Oil and Natural Gas Corporation (ONGC), Reliance Industries and Essar Oil are reportedly eyeing exploration opportunities in the oil-rich sand belts of Alberta, Canada.
Fortis Finance
Fortis Finance is company owned by malvinder singh ..he has a very big plan in microfinance ...and he may use this companyfor this purpose ...@77 this company is very cheap and may touch 250+
Ranbaxy
Ranbaxy looks positive or negative? Stake sale at a premium looks positive side but exit by the promoter is a very very negative aspect. Shows what the company is all about, and even the promoter doesn't like it!
Nifty
REMEMBER.......WE CAN OPEN GAP DOWN AT 4450-4370 LEVELS AND PULL BACK FOR THE DAY.........BUT, IF WE BREAK 4340, THEN BE READY FOR 4230 IMMEDIATELY.......HOPE WE PULL BACK FROM 4360-4370 LEVELS....... IIP DATA/INFLATION DATA.......AND JULY FIRST WEEK, INTEREST RATE HIKES POSSIBLE
12-Jun News
12-Jun-08
Headlines for the day
Corporate News Headline
Ranbaxy Laboratories’ 34.8% stake of promoters was sold at Rs. 737 per share to the Japanese major, Daiichi Sankyo. (ET)
BHEL
placed the first commercial order to BHPV to manufacture and supply of
680 MT of boiler components such as drums, headers, riser tubes,
panels, coils, and piping products. (ET)
SBI is expected to decline its NPA by over Rs. 20 bn by the end of June this year. (BS)
Economic and Political Headline
The
RBI decided to increase the repo rate by 25 bps to 8% from 7.75% with
immediate effect, a move that is likely to force banks to increase
interest rates and help to control inflation. (BS)
The
Centre may ask states to adopt uniform policies and processes to invite
private investments in the infrastructure sector. (ET)
The UK unemployment rose to 819,300 in May as a weakening economic growth prompted companies to cut more staff. (Bloomberg)
Headlines for the day
Corporate News Headline Ranbaxy Laboratories’ 34.8% stake of promoters was sold at Rs. 737 per share to the Japanese major, Daiichi Sankyo. (ET) BHELplaced the first commercial order to BHPV to manufacture and supply of
680 MT of boiler components such as drums, headers, riser tubes,
panels, coils, and piping products. (ET)
SBI is expected to decline its NPA by over Rs. 20 bn by the end of June this year. (BS) Economic and Political Headline TheRBI decided to increase the repo rate by 25 bps to 8% from 7.75% with
immediate effect, a move that is likely to force banks to increase
interest rates and help to control inflation. (BS)
TheCentre may ask states to adopt uniform policies and processes to invite
private investments in the infrastructure sector. (ET)
The UK unemployment rose to 819,300 in May as a weakening economic growth prompted companies to cut more staff. (Bloomberg)
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