Dark clouds on Dalal
Tokyo extends the slide, down 12 pct in two days
Dalal Street is likely to gap down after a major rally that took traders by surprise on Monday as Japan's Nikkei is trading down nearly 6 pct on the second consecutive day.
Asian stocks suffered for the second day this week as the fallout from Japan’s strongest earthquake last week clouded the economic outlook and intensified concern that corporate earnings will suffer. The Bank of Japan on Tuesday offered to pump 5 trillion yen ($61 billion) into the banking system, continuing its huge fund injection aimed at easing market jitters amid escalating damage from the earthquake.
News Bytes
* Vishal Retail sells retail & wholesale biz for Rs 70 cr
* Educomp bags Rs 67.93 cr order from Maha govt
* PFC to raise Rs 5,300 cr from infra bonds
* Hotel Leela to sell stake, raise Rs. 600 cr
* Nippon to buy 26% stake in Reliance Life
* Rio Tinto claims support for Riversdale bid, but Tata Steel mum
* NDTV set to revive alliance with STAR
* Suzlon promoters sell shares worth Rs 178 cr
* Wockhardt stock drops as court allows lenders’ plea
* Videocon promoters up stake in firm to over 21%
* SAIL, Japan’s Kobe in talks for steel plan
Markets - Look great after initial jitters
While the reception area looks bad the interiors of the floor will have a different look. This is what traders and investors will experience today. After a gap down, watch the upmove later in the day.
Pre Market Report 10 Mar 2011
Asian Markets hit speed
Dalal Street likely to extend consolidation, Stock specific activity to continue
Indian equities are likely to open in the red on thursday morning as Asian Markets hit the roadblock, sliding around one percent each. Wall Street closed flat on Wednesday on weak crude oil prices.
News Bytes
* 3 PE funds to invest Rs 1,440 cr in GMR Airport
* Domestic vehicle sales hit all-time high in February
* Essel Propack to shut 2 plants in US and Egypt
* Hanung Toys buys controlling stake in Cody Direct Corp
* PFC to set up subsidiary for renewable energy sector
* Tata Steel plans to expand German auto unit
* RIL's D6 gas output to rise 30% in 2011-12, says DGH
* Ashok Leyland expands network in Punjab, HP
* January industrial production seen rebounding to 2.7%, up 110 bps in December
* Hero pledges shares, raises Rs. 900 cr.
* RCom says China loan to help lower interest cost
* BofA-ML cuts India’s FY12 growth target to 8.2%
* Camlin Fine Chemicals buys Italy’s Borregaard
Markets - Consolidation is the name of the game
After series of volatile sessions, Indian markets are going through a consolidation phase. While global conditions are still jittery, Libyan crisis has overextended and we are finally at a stage where Markets might not want to care about the crisis any longer. Dow Futures are down 65 points and this might impact Indian markets during the open.
Stock specific activity is likely to continue as we belive investors are slowly returning to the Street.
Dalal Street likely to extend consolidation, Stock specific activity to continue
Indian equities are likely to open in the red on thursday morning as Asian Markets hit the roadblock, sliding around one percent each. Wall Street closed flat on Wednesday on weak crude oil prices.
News Bytes
* 3 PE funds to invest Rs 1,440 cr in GMR Airport
* Domestic vehicle sales hit all-time high in February
* Essel Propack to shut 2 plants in US and Egypt
* Hanung Toys buys controlling stake in Cody Direct Corp
* PFC to set up subsidiary for renewable energy sector
* Tata Steel plans to expand German auto unit
* RIL's D6 gas output to rise 30% in 2011-12, says DGH
* Ashok Leyland expands network in Punjab, HP
* January industrial production seen rebounding to 2.7%, up 110 bps in December
* Hero pledges shares, raises Rs. 900 cr.
* RCom says China loan to help lower interest cost
* BofA-ML cuts India’s FY12 growth target to 8.2%
* Camlin Fine Chemicals buys Italy’s Borregaard
Markets - Consolidation is the name of the game
After series of volatile sessions, Indian markets are going through a consolidation phase. While global conditions are still jittery, Libyan crisis has overextended and we are finally at a stage where Markets might not want to care about the crisis any longer. Dow Futures are down 65 points and this might impact Indian markets during the open.
Stock specific activity is likely to continue as we belive investors are slowly returning to the Street.
Today Economic News : 09.03.2011
Indian shares will underperform emerging mkt peers: Nomura Cox & Kings to buy European company for Rs 1400 cr Google, Infosys fight 'daughterly guilt' to lure Indian women Audi may scale back India operations on Budget proposal I-T may slap huge tax bills on Hero, Honda Google's Cloud Connect to save MS Office work automatically Indian students in US keen to return home: Survey Rupee may be uncertain for a while on geopolitical tensions
Pre Market Report 09 Mar 2011
Street cheers as Crude backs off
Stock specific activity to pick up steam as Indices consolidate
Crude Oil eased from 29-month highs amid reports that more countries will step in to boost production and that Gadhafi may consider stepping down. Wall Street closed higher after couple of weak sessions.
News Bytes
* BoI raises FD rates by up to 75 basis points
* Jyothy Fabricare eyes acquisitions in Mumbai, Delhi
* LIC drops plan to issue infra bonds worth Rs 5,000 crore
* Lovable Lingerie IPO subscribed 4% on Day 1
* More acquisitions, Rs 5,000-cr turnover in 2011-12: Dabur
* Mahindra Group ties up with Cisco
* Magma Fincorp to securitise 45% of 2010-11 loans
* Planning Commission panel for slashing pharma FDI
* Steaming prices lift Tata Coffee scrip 20%
Markets - Consolidation is the order of the day
Nifty is likely to open flat after couple of days of volatile trade and might trade in a range. Stock specific moves are expected today and it is heartening to see few stocks coming out of the groove yesterday. This clearly indicates positives for the investment community going ahead. We advice our subscribers and investors to stay active this month as it offers excellent oppurtunity for making some money. We are confident of a bullish March despite of higher crude oil.
Stock specific activity to pick up steam as Indices consolidate
Crude Oil eased from 29-month highs amid reports that more countries will step in to boost production and that Gadhafi may consider stepping down. Wall Street closed higher after couple of weak sessions.
News Bytes
* BoI raises FD rates by up to 75 basis points
* Jyothy Fabricare eyes acquisitions in Mumbai, Delhi
* LIC drops plan to issue infra bonds worth Rs 5,000 crore
* Lovable Lingerie IPO subscribed 4% on Day 1
* More acquisitions, Rs 5,000-cr turnover in 2011-12: Dabur
* Mahindra Group ties up with Cisco
* Magma Fincorp to securitise 45% of 2010-11 loans
* Planning Commission panel for slashing pharma FDI
* Steaming prices lift Tata Coffee scrip 20%
Markets - Consolidation is the order of the day
Nifty is likely to open flat after couple of days of volatile trade and might trade in a range. Stock specific moves are expected today and it is heartening to see few stocks coming out of the groove yesterday. This clearly indicates positives for the investment community going ahead. We advice our subscribers and investors to stay active this month as it offers excellent oppurtunity for making some money. We are confident of a bullish March despite of higher crude oil.
Commodity Flash News
* Silver price to hit $80: Louise Yamada
* China’s first gold fund to invest $500 million in ETFs abroad
* Malaysia crude palm oil futures evolving as a global benchmarkYamada, Director and Head of Technical Research for Smith Barney, says King World News in an exclusive interview that silver price is going to “$40, $45, $60, $75 and $80 over months to years.”
Economic News : 08.03.2011
* Oil slips more than $1 on OPEC output discussion
* Morgan Stanley cuts India's FY12 growth estimate
*Mahindra Group signs strategic alliance with Cisco Systems
* Morgan Stanley cuts India's FY12 growth estimate
*
Concurrent Infra bags Rs 3.33 cr order; stock up JSW Steel steel production grows 8%; stock up HOV Services up 8 pc on unit merger plans Market Outlook: Experts on where mkts are headed Jamna Auto to set up manufacturing units; stock up OnMobile Global up on bonus issue BNP starts MOIL with 'reduce' BNP Paribas raises ratings on real estate developers UTV to sell stake in Indiagames; stock up Middle east unrest works to shipping cos' benefit
Pre Market Report - 08 march 2011
Libya Overhang continues, Oil holds above $105
Crude Oil is likely to dent severe blow to Auto stocks on the second consecutive day as Asian stocks recover from Monday's sell-off. Overnight Wall Street closed weak as Gold hits a new high.
News Bytes
* UTV to sell stake in Indiagames for Rs 220 crore
* Andhra Bank says govt to raise stake to 58%
* Govt to infuse Rs 1,740 cr in Oriental Bank
* PTC India Fin Services Rs 450-cr IPO in March
* NTPC may lose five captive coal mines
* Insecticides buys Nocil's brand Monocil
* Hotel Leela to sell 15% stake to raise funds
* Lanco to invest Rs4,000 crore in Griffin mines
* Gold hits record Rs 21,420; silver at 31-yr high
Markets - Nifty might test 5400 again
As per the data Nifty might re-test 5400 levels again. While we continue to be bullish for the month of March, it is ideal for traders to take the case on a day to-day basis as global issues weigh in.
Our team of analysts have outrightly confirmed that this is the market to trade index futures and options and stock specific approach is really tough and might not yeild better results.
It is a volatile market and traders do need expert guidance as lot depends on sentiment too. We were spot on in our Nifty Futures analysis on a daily basis from the past 3-4 trading sessions. When in doubt we stay out as our analysts do the number crunching part of the game.
Crude Oil is likely to dent severe blow to Auto stocks on the second consecutive day as Asian stocks recover from Monday's sell-off. Overnight Wall Street closed weak as Gold hits a new high.
News Bytes
* UTV to sell stake in Indiagames for Rs 220 crore
* Andhra Bank says govt to raise stake to 58%
* Govt to infuse Rs 1,740 cr in Oriental Bank
* PTC India Fin Services Rs 450-cr IPO in March
* NTPC may lose five captive coal mines
* Insecticides buys Nocil's brand Monocil
* Hotel Leela to sell 15% stake to raise funds
* Lanco to invest Rs4,000 crore in Griffin mines
* Gold hits record Rs 21,420; silver at 31-yr high
Markets - Nifty might test 5400 again
As per the data Nifty might re-test 5400 levels again. While we continue to be bullish for the month of March, it is ideal for traders to take the case on a day to-day basis as global issues weigh in.
Our team of analysts have outrightly confirmed that this is the market to trade index futures and options and stock specific approach is really tough and might not yeild better results.
It is a volatile market and traders do need expert guidance as lot depends on sentiment too. We were spot on in our Nifty Futures analysis on a daily basis from the past 3-4 trading sessions. When in doubt we stay out as our analysts do the number crunching part of the game.
Post Market Report
Stocks recover from lows on Libya
Dalal Street recovered from the lows of the day on media reports that Gadaffi was willing to leave Libya provided his safety is guaranteed. Auto stocks were battered severely as crude oil continues to sustain above $106 levels.
Markets - Down but not out
We believe markets are likely spike higher after the present day hiccups of higher crude oil. We expect March to bring back smiles back to investor community. But one should be wary of global implications derived out of Libya crisis. We were spot on from the last few days when it comes to predicting market movement and our Futures recommendations have outperformed the markets. Subscribe to get access to Nifty number crunching.
Dalal Street recovered from the lows of the day on media reports that Gadaffi was willing to leave Libya provided his safety is guaranteed. Auto stocks were battered severely as crude oil continues to sustain above $106 levels.
Markets - Down but not out
We believe markets are likely spike higher after the present day hiccups of higher crude oil. We expect March to bring back smiles back to investor community. But one should be wary of global implications derived out of Libya crisis. We were spot on from the last few days when it comes to predicting market movement and our Futures recommendations have outperformed the markets. Subscribe to get access to Nifty number crunching.
Free Indian Equity/Commodity/Currency Stock tips: 3.Mar.2011
09.35 Am : Short ICICIBANK SB 1008.0 SL 1023.3 Target 999 / 983 / 959
09.35 Am : Short TATASTEEL SB 626.6 SL 633.9 Target 622 / 615 / 60309.35 Am : Short Jindalstel SB 667.0 SL 671.4 Target 664 / 660 / 653
09.40 Am : Short Nifty Fut SB 5513.0 SL 5541.0 Target 5496 / 5468 / 5423
09.40 Am : Buy Kotakbank SA 423.0 SL 413.0 Target 429 / 439 / 455
09.40 Am : Short Tatamotors SB 1125.0 SL 1140.0 Target 1116 / 1101 / 1077
09.50 Am : Buy M_M SA 668.0 SL 658.0 Target 674 / 684 / 700
12.15 Pm : Buy EUR/INR SA 62.6875 SL 62.4883 Target 62.8090 / 63.0082 / 63.3309
12.30 Pm : Buy Tatamotors Fut SA 1149.8 SL 1145.9 Target 1152 / 1156 / 1162
12.45 Pm : Positional Buy Nifty Fut SA 5563.8 SL 5502.0 Target 5601 / 5663 / 5763
01.00 Pm : Buy Nickel Mar SA 1298.6 SL 1289.2 Target 1304 / 1314 / 1329
01.40 Pm : Buy Tatamotors SA 1155.0 SL 1145.0 Target 1161 / 1171 / 1187
02.05 Pm : Short Bankindia SB 455.2 SL 459.6 Target 452 / 448 / 441
02.10 Pm : Short M_M SB 668.0 SL 674.9 Target 663.8 / 656.9 / 645.7
Free Indian Equity/Commodity/Currency Stock Tips: Mar.1.2011
* 09.20 Am : Buy Tatasteel SA 613.0 SL 604.5 Target 618.2 / 626.7 / 640.5
* 09.40.AM : Buy DLF SA 215.9 SL 212.0 Target 218.2 / 222.0 / 228.3
* 09.40 AM : Buy Tatamotors SA 1115.0 SL 1086.0 Target 1132.7 / 1161.7 / 1208.7
* 09.40 AM : Buy Tatamotors Fut SA 1111.4 SL 1079.0 Target 1131.1 / 1163.4 / 1215.8
* 09.40 AM : Buy Nifty Fut SA 5420.0 SL 5349.0 Target 5463.3 / 5534.3 / 5649.3
* 09.50 AM : Short Bhartiartl SB 329.3 SL 331.8 Target 327.8 / 325.4 / 321.4
* 10.50 AM : Buy ICICIBANK SA 996.8 SL 986.8 Target 1002.9 / 1012.9 / 1029.1
* 11.00 Am : Short Gold Apr SB 20907.0 SL 20950.0 Target 20880.8 / 20837.8 / 20768.1
* 09.40.AM : Buy DLF SA 215.9 SL 212.0 Target 218.2 / 222.0 / 228.3
* 09.40 AM : Buy Tatamotors SA 1115.0 SL 1086.0 Target 1132.7 / 1161.7 / 1208.7
* 09.40 AM : Buy Tatamotors Fut SA 1111.4 SL 1079.0 Target 1131.1 / 1163.4 / 1215.8
* 09.40 AM : Buy Nifty Fut SA 5420.0 SL 5349.0 Target 5463.3 / 5534.3 / 5649.3
* 09.50 AM : Short Bhartiartl SB 329.3 SL 331.8 Target 327.8 / 325.4 / 321.4
* 10.50 AM : Buy ICICIBANK SA 996.8 SL 986.8 Target 1002.9 / 1012.9 / 1029.1
* 11.00 Am : Short Gold Apr SB 20907.0 SL 20950.0 Target 20880.8 / 20837.8 / 20768.1
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