FII NET BUYERS TODAY IN EQUITY WITH 272 CRORES AND DOMESTIC FUNDS NET SELLERS WITH 610 CRORES .. ARE BULLS GONNA HAVE A BEAR HUGE IN THE FORM OF DOMESTIC FUNDS THIS TIME

Reliance Industries announces Q1 results Announcement

Reliance Industries announces Q1 results Announcement: Reliance Industries Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:
The Company has posted a net profit after tax of Rs 41100 million for the quarter ended June 30, 2008 as compared to Rs 36300 million for the quarter ended June 30, 2007. Total Income has increased from Rs 297210 million for the quarter ended June 30, 2007 to Rs 418050 million for the quarter ended June 30, 2008.

Enam Research ,Morgan Stanley-India Research,Deutsche Bank - Equity Research,Merrill Lynch -.Goldman Sachs and Citigroup,Macquarie Research == all reports shown they are not much bullish from this levels.. lets see what happens. Infact in Jan all were bullish and mkt came down.. let`s see what happens this time

Nu Tek India Limited IPO

Nu Tek India Limited IPO
July 29, 2008 to August 01, 2008Rs 170/- to Rs 192/-Public Issue Size: 4,500,000 Equity Shares of Rs. 10/-

(PTI) Contrary to India Inc's expectations, global investment banking giants Goldman Sachs and Citigroup have expressed doubts over the UPA government's ability to push ahead with a full fledged reforms process even though the ruling coalition no longer relies on the left. Noting that the government, which won the trust vote in the Lok Sabha last evening, would now have an opportunity to pursue stalled reforms, Goldman Sachs pointed out that the administration would have to deal with several difficulties in carrying out the process. "However, if it is to introduce reforms successfully, the government will have to deal with several difficulties. Five factors impede its ability to enact reforms successfully," Goldman Sachs said in the report.

Macquarie Research

Macquarie Research =We think the markets will now refocus on fundamentals, with the headwindsfacing the economy remaining strong. Inflation is expected to remain in doubledigits until the middle of next year, and interest rates are expected to rise afurther 100bp. In that scenario, we advise caution and believe investorsshould stay defensive with Tata Power, Tata Steel, Bharti Airtel, AbanOffshore and BHEL being our top picks. Our top sells are Hero Honda,Hindustan Unilever, ICICI Bank and State Bank of India.

Enam Research =Real Estate

Enam Research =Real Estate: Another Downgrade=Aggressive land acquisition at peak prices through short term, high cost debt + huge working capital mismanagement (short term debt used for long term projects). - Developers stubbornly held on to selling prices and high cost inventory on hopes of renewal of demand and uptick in prices.We maintain our Underweight view on the sector and reduce our EPS estimates and target prices downward. While there is deep-value (even based on our Bear case) in some small/ mid cap stocks, these are also expected to continue to underperform until liquidity starts quenching this sector

Merrill Lynch View

Merrill Lynch - Near term rally on trust vote; but new lows likely. Its again not “different this time”. Flagging monsoons could add risks to economic growth. Earnings downgrades could signal a bottom for markets

Morgan Stanley-India Research

Morgan Stanley-India Research=Indeed, this is likely to be a strong rally and could be something similar to the one we got between mid-March and mid-May (21% rise in the BSE Sensex) if these conditions continue. We expect bulls to get complacent and start to believe that this is the beginning of a new bull market. However, we think this is likely to prove to be just another powerful bear market rally. Afterall the market still faces headwinds from high crude oil prices, political uncertainty, fragile global financial markets, weak domestic sentiment, likelihood of higher long bond yields, slowing growth and prospects of earnings downgrades