In its latest research report, Nirmal Bang, an equity research firm said that Yes Bank Limited stock can give good returns in the long term.

According to Nirmal Bang Research, the stock of the bank can be bought to achieve a target of Rs 370.

Today (March 08), the shares of the company opened at Rs 272.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 388 and a low of Rs 237.70 on BSE.

Current EPS & P/E ratio stood at 19.23 and 14.28 respectively.

NIIT Tech has large exposure to high-growth niche verticals such as insurance and travel. New service lines would boost non-linear growth and lead to improvement in realizations. NIIT Tech has been able to achieve volume growth in Europe despite economic headwinds.

Recent wins in the Indian market: Five-year BSF contract of Rs2,280mn;

Good performance in the BFSI and travel & transport verticals, which contribute ~73% to revenue;

Large untapped opportunity in the APAC markets, which are expected to be highest IT spenders in CY11;

Pepper August delivery gained Rs 827 and settled at Rs 21479/quintal on restricted supplies in the spot as farmers awaited further rise in prices, good domestic demand and firmness in international market. Supply is weak both in domestic and overseas markets.

In India, production has stagnated between 45,000-50,000 tonnes whereas domestic consumption is rising. Spot pepper climbed 552 rupees to end at 20,811 rupees per 100 kg in Kochi. The contract touched the intraday high of Rs 21479/quintal while low of Rs 20650/quintal. Now support for the pepper is seen at 20926 and below could see a test of

SENSEX closed at 17935, up 243 points and Nifty at 5368, up 77 points from the previous close. CNX MIDCAP index was up 1.5% and BSE SMALLCAP index was up 2%. The market breadth was positive with advances at 1059 against declines of 231 on the NSE. Top gainers included RELINFRA, HEROHONDA, BHARTIARTL, DLF and TATASTEEL. Top losers are listed as HUL, TCS, GRASIM, LT, ITC, IDEA and BPCL.

Next Day Trading Session:

In the earlier hours Indian indices traded almost flat but heavy selling pressure witnessed in the final hour of the session led it to close down on a weak note. SENSEX closed at 17590, 121 points down, NIFTY at 5262, 40 points down, CNX MIDCAP index was up 0.13% and BSE SMALLCAP index was up 0.90%. Top gainers are listed as LDF, TATAMOTORS, STERLITE, BHEL, HUL and CAIRN. Top losers included HDFCBANK, INFOSYS, WIPRO, GRASIM, SUNPHARMA, HCLTECH and WIPRO.

Next Day Trading Session:

Washington  - The United States and Bolivia are "close" to reaching an agreement for the normalization of diplomatic ties, Bolivian Foreign Minister David Choquehuanca said Tuesday in Washington.

At the second round of bilateral dialogue, however, the two countries did not agree on a return of their ambassadors to each other's capitals.

"We are close to reaching an agreement. We have established that we will keep working to reach a new framework agreement that will allow us to establish a constructive relationship," Choquehuanca said.

Chisinau - Russian Foreign Minister Sergei Lavrov on Friday described a recent US suggestion that portions of an European anti- missile radar system might be based in Ukraine "extravagant and rather unexpected."

Lavrov made the remarks carried by the Interfax news agency in response to a journalist's question during a meeting of Commonwealth of Independent States (CIS) state heads, in the Moldovan capital Chisinau.

Crude oil: The counter is seen resisting the 21 DMA on the closing basis. The counter traded negative yesterday and closed below the 7 DMA also. The RSI dropped yesterday with fall in prices; RSI may even breach the MA if prices continue downside. The –DI remains on the upside, which indicates downtrend in the counter. Thus the counter may test 3250 and 3225 levels as long as prices traded below the 3360 levels.

Copper: The counter looks weak as it traded below the 7 DMA and resisted to enter the channel. The indicator also affirms the weakness as RSI is dropping and –DI rules on the upside. The prices are expected to remain weak below the 290 levels, targeting 284-282. However on breaching 291 on upside the counter may test 296 on the upside.

Nickel: The counter remained sideways to up yesterday and closed above the trend line and above the 7 &21 DMA. The RSI indicates strength in the counter as RSI maintains above the MA since a week. Thus the counter looks positive as long as prices traded above 835 levels, targeting 860-68 levels.

Gold: The counter have turned bullish after breaching the resistance at 15690 levels and close above all the short term moving averages. The RSI has breached the MA, while ADX indicates bullishness in the counter. Thus one can remain long in the counter at every dips above 15675 levels, as the counter has potential to inch-up higher to 16000 levels in near term.

U. S. crude oil futures edged higher on Tuesday, lifted by a weak dollar that helped boost commodities and as optimism about economic recovery and corporate earnings sent equities higher, providing further support to crude oil.

The API said that crude stocks fell 254,000 barrels in the week to Oct. 2, against the forecast for a 2.2-million-barrel increase in a poll of analysts.

A British newspaper reported that Gulf Arab states were in secret talks to abandon the U. S. currency in oil trade. Big oilproducing countries denied the report.

A slumping U. S. dollar and signs the global economy was recovering helped ignite a broad-based rally in the industrial metals complex on Tuesday, buoying the price of copper in London back up over the $6,000-a-tonne level.

Copper, used in power and construction, has surged 96 percent so far this year, largely supported by hefty buying by the Chinese Reserves Bureau and Chinese investors.

Japan's top six copper smelters are planning to increase output cautiously in the next six months as a gradual recovery in domestic demand helps offset slower Chinese buying, but several will stop short of restoring full production.

U. S. gold futures scaled an all-time high at $1,045 an ounce on Tuesday, gaining more than 2 percent as investors piled into the metal to preserve the value of their dollar-denominated assets against erosion by a weakening dollar and inflation.

Silver too followed the rise in gold and outperformed the yellow metal, gaining over 4 percent on COMEX and over 2 percent on MCX. The upside was capped in precious metals owing to the phenomenal rise in rupee against the dollar.

In its latest research report, Nirmal Bang, an equity research firm said that PVP Ventures Ltd can give good returns in the near term.

According to Nirmal Bang Research, the stock of the company can be bought with a strict stop loss of Rs 38 to achieve a target of Rs 60.

Today (Oct 07), the shares of the company opened at Rs 43.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 60.30 and a low of Rs 5.80 on BSE.

In its latest research report, Nirmal Bang, an equity research firm said that Kingfisher Airlines can give good returns in the short term.

According to Nirmal Bang Research, the stock can be bought with a strict stop loss of Rs 54.

The report also stated that, if the stock maintains above 59 with average volume of 30 lakh shares, then it will hit a target of Rs 71.

Today (Oct 07), the shares of the company opened at Rs 59.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 73.45 and a low of Rs 22 on BSE.

Nirmal Bang, one of the leading equity research-cum-broking house, has recommended a 'buy' on Tata Steel stock with a short term.

The report further stated that if the counter is successful to breach Rs 515 levels, then it will hit 545.

The stock has strong support at Rs 493.

Today (Oct 07), the shares of the company opened at Rs 520 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 61.64 & 8.42 respectively. The share price has seen a 52-week high of Rs 545 and a low of Rs 146.35 on BSE.

In its latest research report, Nirmal Bang, an equity research firm said that Bajaj Hindusthan, which has been consolidating in the range of 172-183, can give good returns in the short term.

The report further stated that, if the stock maintains above 183 with huge average volumes of 25 lakh, then it will hit a target of Rs 210.

The stock has strong support at Rs 177.

Today (Oct 07), the shares of the company opened at Rs 183.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 234.35 and a low of Rs 38.25 on BSE.

Asian stocks rose for a second day, led by mining companies and banks, as gold prices surged to a record and brokerages upgraded companies including Sumitomo Mitsui Financial Group. BHP Billiton Ltd., the world's biggest mining company, gained 2.7 percent and Newcrest Mining Ltd., Australia's largest gold producer, surged 6.4 percent in Sydney.

Positive global cues and firm buying at lower levels helped the Sensex recover early losses and close higher. The Sensex swung 366 points from its low point of 16,622 to finish up 92 points at 16,958. The Nifty gained 24 points to close at 5,027 after hitting an intra-day low of 4,921. Constant buying was seen in metal, FMCG, banking and capital goods stocks while telecom, technology, cement, realty and oil marketing shares remained under pressure The Oct Nifty future ended with 10 points premium.

Positive global cues and firm buying at lower levels helped the Sensex recover early losses and close higher. The Sensex swung 366 points from its low point of 16,622 to finish up 92 points at 16,958. The Nifty gained 24 points to close at 5,027 after hitting an intra-day low of 4,921. Constant buying was seen in metal, FMCG, banking and capital goods stocks while telecom, technology, cement, realty and oil marketing shares remained under pressure. The Oct Nifty future ended with 10 points premium.

The BSE FMCG index gained 3.2 %. Godrej Consumer shot up 8% and HUL up 5.27%. ITC and Colgate were up 2-3.7%