IFCI is always an outperformer and a favourite stock. Technical analyst Sudarshan Sukhani said that it is a good time to buy the stock in order to make healthier gains in the coming days.

Mr. Sukhani narrated, “Reliance Capital is a dream again for those who held on. I sold off my shares in the last few days. IFCI all of us are saying will come down, that doesn’t mean anything the stock is not coming down, it is consolidating, building a base and it is now ripe for a big upmove. The final target, which people talk about Rs 70 or something could well, is in sight, so IFCI is a stock that people should be looking to buy.”

According to market analyst Abhay Aima that markets will take signals from Q1FY08 results.
Mr. Aima also said that existing interest rates would not restrain the growth.
The main determining factor for market actions in the near-term will be liquidity. Markets are not overvalued and not very cheap either.
Though, the rising rupee would not impact companies with sturdy fundamentals.

Mumbai: On rapid buying by funds in heavy-weight stocks led by cement sector, the BSE Sensex soared by more than 105 points in early trade. Select stocks from cement, banking, telecom and pharma traded strong while auto stocks led the declines.
The BSE-30 share index, Sensex, which had vanished more than 70 points on yesterday’s closing, rise dramatically by 105.98 points at 14,537.04 in the first five minutes of trading. In the same way, the wide-based National Stock Exchange's index Nifty shot up by 42.45 points at 4,291.40.

Technical Analyst, Sudarshan Sukhani is of the view that investor should hold up Jet Airways stock as it has expectations to rise.

Sukhani stated that it is rising from a long-term bear market. It has really emerged of that, and established a large base, and presently it’s moving in the up-ward direction.

Technical Analyst, Sudarshan Sukhani is of the view that investor should hold up Jet Airways stock as it has expectations to rise.
Sukhani stated that it is rising from a long-term bear market. It has really emerged of that, and established a large base, and presently it’s moving in the up-ward direction.

Technical Analyst, Vijay Bhambwani is of the view that one
should hold State Bank of India (SBI) stock as it can add another Rs 60-70
within the coming days.

SBI has been a great mover and shaker. It is good for
another Rs 60-70 before some quantity of profit taking can enter.

The 30-share BSE Sensex opened strongly at 14,868.14, and marched ahead to touch a record high of 14,906.93. Currently, it is trading in the positive.

The stocks from pharma led the advancements even as auto and banking sectors traded in mixed.
On the other hand, Asian markets also opened higher for the fifth consecutive day. The stocks climbed after a report indicated that the factory order decline in US is less than the expected, thus giving a boost to the stocks of Asian exporters.

According to Vishwas Agarwal, if Reliance Industries holds 1,710 level, a bombastic rally can be seen in the market.

Dipan Mehta, Member, BSE/NSE is of the view that realty segment is likely to do something to a greater degree.

After touching a new high at the opening time on Thursday, the BSE Sensex closed the session at 14,861.89 after losing 18.35 points, whereas the broad based NSE Nifty ended the day at 4,353.95, down by marginal 5.35 points.

Vishwas Agarwal said the stock market once again broke down to reach the psychological 15,000 mark. Conservative buying and selling of stocks could take place in the nest trading session, but the same is likely to carry on.

Mr. Agarwal added that markets still are in bulls grip.

Yesterday’s trading action witnessed unstable movement. But, the reaction reading of the tradable counters remains optimistic. Today’s bear move is expected to modify the response in their favor. In contrast, the existing upbeat sentiment is ready to be further strengthened.

The composition and the position of the top 10 tradable list experienced minor alterations. Bank of India made its way to top 10 list obtruding Satyam. BOI occupied last place in the list.

The stock market broadened and saw new peaks as projected and creating history by reaching the historical 15000 mark.

Now the market is trading in blue sky territory. Technically the tendency is still unbroken and there is no symbol of failing though the stock market is in a extended terrain. The other logical technical target in the days to come is 15379.

Today, PTC India zoomed 10.23% to Rs 98.60, expanding its surge over the past few days.

The scrip hit a high of Rs 104, which is its all-time high, and a low of Rs 90.40 during the day. It touched a 52-week low of Rs 46 on 13 December 2006.

On BSE, there were 50.4 lakh shares for trading on the counter today. During the last three months, the scrip showed an average daily volume of 2.50 lakh shares.

On an average, about 28.93 lakh shares were traded in the last four trading sessions till yesterday, 18 July 2007, when the stock arose aggressively.

It was an incredible closing for the stock markets yesterday regardless of some feeble international signals.

The Sensex and Nifty closed on a new record high, each up 1%. Sensex closed above the 15,700 mark, while the Nifty closed the day above 4,600.

Amit Dalal of Amit Nalin Securities thinks that 16,000 for the stock markets seem very likely.

Even Ram Kolluri, President and CIO, at Global Investment Management feel that the global momentum will spread out into the Indian markets too.

The BSE Sensex was in a pessimistic mode today and finished the day with a nearly 100 points deficit.

Remarking on the weak spot in the market technical analyst Vishwas Agarwal believed that the weakness was mainly because of factors upsetting the international markets, which were also down today.

He added that a few spheres that had caught rather a sharp increase in the past few days including cement and banking were calming down slightly. Simultaneously some increase is envisioned in fence sitters like ITC, Reliance Capital and Infosys.

B Sahu, Khandwala Securities said that today market being knocking down by 96 points was estimable for the market as alteration is long overdue. Overall money flow in the market is fine, FIIs are pouring in money in the markets since last few trading sessions.

According to him, this is the moment for re-balancing and reshuffling the range. He commends investors to gather stocks of companies that are expected to nurture in coming future.

“It is moment to select your sector and stock,” said Mr. Sahu.

He also added that overall market trend is cheerful and optimistic. Tomorrow (July 26) is a decisive day for market because of F&O expiry. So, investors should watch out for global cues for Thursday`s trading session.

According to technical Analyst, Sudarshan Sukhani the investors should stay away from Reliance Capital.

Sukhani said, “Nagarjuna Fertilizer first the stock has broken out,4:46 PM 7/26/2007 5-10-20 year base and it’s the stock that clearly is going to go places I don’t know how much time it is going to take. But it’s a stock one need to buy and in fertilizers it might be an out performer in the broad market also, so I like that stock.”

Sharmila Joshi of Asit C Mehta is of the vision that DLF is looking sensible at this height.

“Real estate died down a bit, in fact perhaps when you first saw DLF correct last week that when we saw really buying coming in because suddenly it looked attractive going close to its IPO price. But now today when its really quiet close to its IPO price of about Rs 578-579 whatever level it was” she said.

Sharekhan Research maintained purchase rating on Sun Pharmaceutical Industries with target price of Rs 1287. At current market price Rs 965, stock valued at 21.6x FY2008E and 18.1xFY2009E fully diluted earnings.

Result highlights:

Emkay Research report on GTL:

GTL reported the net sales for quarter grew by 78% yoy to Rs 4.1 billion, EBIDTA raised by 107% yoy to Rs 606 million, PAT decreased by 7% yoy to 321 million; APAT grew by 129% yoy to Rs 408 million. EBIDTA margins gains by 206bps yoy to 14.9%. GTL made an agreement with France Telecom to sell off its enterprise solutions and managed services business in all cash deal valued at USD 40 million.

Business sell off includes the transfer of customer base of business along with the relationships with the technology providers such as Alcatel, Lucent, Nortel, Juniper, Verint, etc. along with 590 employees.

Finquest Research is expecting Kewal Kiran Clothing and recommended buy rating on the stock with a target of Rs 278.

Finquest Research report on Kewal Kiran:

Kewal Kiran Clothing, KKCL’s Q1FY2008 results increase with 21.5% YoY and 16% rise in revenues. Significant pressure on margins in H2FY2007 on account of lower stores straighten resulting in higher advertising & selling expenses.

Valuation: KKCL is well pitched to achieve estimated EPS of Rs 18.9 and Rs for FY2008E and FY2009E.

Broking house, P-Sec recommended hold rating on Thermax.

P-Sec report on Thermax:

Thermax reported a growth of 107% yoy and a bottom line growth of 103% yoy. The results bettered our expectations with a big margin, the EBITDA margins sank by 38 bps yoy. The management had given a rich guidance of 40% yoy growth for FY08 and have maintained there position of stable to better margins.

The current order book stands at Rs. 36.72bln (0up by 66%yoy) that is 1.42x net sales of FY07 offering visibility for future growth.

Broking house, P-Sec is bearish on ACC and has recommended sell rating on the stock with a target of Rs 816.

P-Sec report on ACC:

ACC reported 19% yoy increase in operating profits. PBIT before exceptional was higher due interest income. Higher tax rate is due to adjustment is a one off and tax rate is also expected to settle down to 27%.

Stock trades at PE 16x CY08E and EV/EBITDA of 9.7x CY08E that makes it an expensive scrip.

Emkay Research is expecting IPCA Lab and maintained buy rating on stock with a target of Rs 820.

IPCA Laboratories net profit increased to Rs 347.2 million in Q1FY08, by 42%, compared with Rs243.4mn in Q1FY07. Revenues grow by 11% to Rs.2466.1 million. Sequential Q-o-Q basis revenues and PAT increase by 12% and 26%.

P-Sec is bullish on Ashok Leyland and maintained buy rating on stock. The stock trades at 9.3x its FY09P earnings.

P-Sec report on Ashok Leyland:

Ashok Leyland reported Q1FY08 slightly below expectations. Topline grew by 14% yoy account of increase in realization of 2.6 % yoy. EBITDA margins increased by 224bps yoy improved realization and regular volume growth.

Bottomline was below expectation due to higher interest during quarter. The stock trades at 9.3x its FY09P earnings.

Research firm Khandwala Securities has recommended collected rating on Satyam Computer Services.

Khandwala Securities report on Satyam computers:

Consolidated Results for quarter ended June 30, 2007

• Revenue was Rs 18, 302 million, YoY increase of 26.8% and a sequential increase of 2.9%.
• Net Profit after Tax was Rs 3,783 million, YoY growth of 6.9% and a sequential fall of 3.9%.
• EPS was Rs 5.7, a YoY increase of 4.4% and a sequential fall of 3.9%.

Today, the BSE Sensex saw a 500 point fall and cracked in proportion to other international markets.

While pointing out on the U-turn taken by the stock market, technical analyst, Vishwas Agarwal stated that Indian stock market was faultily affected today because of reduction in worldwide markets and panic selling.

Saturday’s RIL result is crucial to hoard the persuasions now. Any optimistic news from RIL can ease the market to some extent.

But one thing is obvious that stock market mood has turned very cautious now and people are feeling insecure. So they will make an effort to go out with minimal losses in their place before buying more at existing levels.

Improvement in Asian markets encouraged assurance in Indian equities on Friday. ICICI Bank, State Bank of India (SBI), Infosys, Reliance Communication, Housing Development Finance Corp. (HDFC) chaired the advancements.

BSE Sensex settled the week on a positive note at 15,138.40, up 152.70 points, whereas the broad-based NSE Nifty ended at 4,401.55, up 45.2 points.

Technical analyst, Vishwas Agarwal stated that presently the Indian markets are acting according to the worldwide market conditions. Traders are watchful due to recent volatility in the markets, he added.

Weakness in index heavy weight Reliance Industries (RIL) in last 5 trading sessions hassled markets last week.

In a fight to put control over trading action, bears took over from bulls on Thursday. Growth of existing bearish response on Friday is likely to append their stocks in their support. In contrast, optimistic sentiment on Friday is expected to modify the existing reaction.

The leading tradable stocks on NSE Nifty suffer a slight reshuffle in its succession and factors. RIL recovered the top slot and pushes Infosys to the fourth place. ICICI Bank climbed one position to second and BHEL registered its name on the third place. SBI and RCom exchanged their locations.

Bharat Thakur, assistant manager, Karvy Stock Broking stated that today market closed after making a profit of 50 points, though it opened its eyes very positive only to discard the majority of its gains. It traded in a range for the whole day.

Today banking region was good, particularly SBI and Kotak Bank. Reliance Industries also increased 2% that provided back up to the market.

Today, the BSE Sensex failed to grasp its former gains and settled at 14,985.70, up 49.93 points, after touching an intraday high of 15,134.53.

While commenting on the current irregular trend, technical analyst, Vishwas Agarwal said that the stock markets are progressively turning susceptible to international markets.

“We are in a directionless market, with restricted upsides but any major global down trend can result in a huge set back,” Mr. Agarwal added.

The 30-share index having maintained its impulse in the former session as it carries on to trade in the constructive terrain. Select stocks from cement, pharma, banking, auto and telecom led the advancements.

The BSE Sensex is trading strong at 15,193.66, up 207.96 points. NSE Nifty is ruling at 4,423.70, up 67.35 points (11.15 a.m).

Technical Analyst, Vishwas Agarwal suggested that the support of 4,286 for the NSE and 14,668 for the BSE are key levels to watch.

He also added that if the stock market falls below these levels, then we can think that a top has been formed for the next six months and the market will trade between 3,900 to 4,600.

According to technical analyst, Prakash Gaba the capitalists should hold KEC International for gains in the coming future.

He said that the coming days are quite hopeful for investors and surely provide good returns.

Technical Analyst, Prakash Gaba stated that Arvind Mills has a resistance level of Rs 60.

“Arvind Mills has strong support at Rs 43-44. On the upside strong resistance of around Rs 60 levels, if it goes there its likely to find stiff resistance. If it can go to Rs 51 it can go to around Rs 60 levels and just hold on to it,” Mr. Gaba added.

Arvind Mills has turn into a true Indian multinational company. It is the flagship company of Rs.20 billion (US$ 500 million) Lalbhai Group.

Technical Analyst, Prakash Gaba is of the view that one can stay invested in Idea Cellular.

Gaba told, “Idea Cellular has strong support at Rs 120. The structure is not a weak, it’s a positive structure. It has resistance Rs 135. Structurally it can take out the all time high of Rs 135 where does it go from here maybe Rs 156 levels. So structurally it’s a positive stock, there is more upside than downside. I wouldn’t worry just continue to hold and maybe go towards Rs 156.”

The market unfolded as anticipated and climbed up and detecting resistance in our resistance zone and caving in.

With respect to structure the stock market is feeble and it can see some more down side in the coming days. The Sensex’s support level is at 15025-14900 and the resistance to the up move at 15424-15450.
 
On the other hand, the support for the Nifty is at 4340 and resistance to the up move at 4460-4502.

Bears continued their domination over buying and selling action on Thursday. Strengthening of existing bearish response on Friday is likely to fetch other stocks in their favor. In contrast, optimistic response on Friday is expected to alter the current outlook.

In spite of the tough basics, Indian market is affected gravely on ongoing US subprime disaster in conjunction with political disputes on nuke contract issue between the Congress and Left parties, added technical analyst, Vishwas Agarwal.

According to technical analyst, Rajat K Bose Tata Steel is the best stock to reap gains in the long-run. The stock will burst after 9-10 months, so it’s better to hold the stock to make higher profits.

Bose told, “The base metals or steel are looking very weak. I was checking the LME base metals charts, alluminium, teen, copper, zinc, they are all looking pretty bad. Some of them have actually gone below 200-day; alluminium has done that recently and has given a sell signal.”

It was an oscillatory session on Dalal Street. Indices got down to a miserable start, but small covering assisted them go back a big amount of their losses. But, unenthusiastic persuasions prevailed, and even the late upturn did not have the thrust to facilitate indices appear in the green zone.

The Nifty closed down 71 points lower at 4,108, whilst the Sensex closed shop at 14,141 after losing 217 points.

Technical Analyst Sudarshan Sukhani of Technical Trends is optimistic on Reliance Energy.

Bears preserved their supremacy over trading action on Friday. Intensification of current bearish sentiment on Monday is likely to append other stocks in their support.

In contrast, upbeat response on Monday is expected to transform the existing sentiment.

Indian stock markets is expected get well on Monday accompanying the upturn in US and European stock markets on Fed Reserve’s resolution to slash the primary credit rate by 50 basis point to 5.75% to support the restitution of orderly situation in financial markets.

Technical analyst, Vishwas Agarwal is anticipating improvement to the amount of 50% of complete declivity in near future.

According to technical analyst, Prakash Gaba that India Cements has support at Rs 200. So, it’s better to hold the stock at this time.

Watch the daily movements of the stock and then make your decision.

Gaba told, “India cements is trying to find supports at Rs 200 levels. Structurally it's not a bad chart. It's trying to find support may be it needs a kind of break out or so. But Rs 200-210 is in area perhaps it could bounce from here but wait for its own sweet time to go but not much downside.”

Motilal Oswal is coming up with a Public Issue to raise Rs 246 crore by selling its 29,82,710 shares with face value of Rs 5 each through 100% book building process. The price band of the IPO is Rs 725-825 per share. The issue will close on Thursday.

Mumbai: According to stock analysts, the domestic stock markets are expected to stay fairly explosive in the current week ahead with capitalists expecting direction from worldwide clues and local political condition.

Last week, the benchmark index BSE Sensex closed on a flat note at 14,424.87 points, and also descended below the 14,000 mark in the last seven days. In the past week, the Sensex had hovered from negative to positive dominion amid worries on the actions in the Central government.

Rahul Agarwal, VP Institutional Sales, LKP Shares, said that yesterday stock markets were very strong, lot of buying was seen in Reliance Group and banking stocks. Auto sector also did well. Markets lifted largely due to short covering.

According to Mr. Agarwal, markets will remain strong today (August 28). He anticipates constant recovery to occur in the markets though market can be explosive and can again drop to 14,000 level.

As projected the market touched - NSE Nifty 4,326 and BSE Sensex 14,900 level, chaired by frontline stocks, said Vishwas Agarwal, technical analyst.

As of now, the two expected levels are vital for an up move and will adjust the direction for stock market. Mr. Agarwal anticipates volatility in the market owing to F&O expiry and thereby stock specific movements will be in the direction of up rise.

Some profit booking is also anticipated as the stock market advanced about 900 points, Agarwal supposed.

He added that Reliance India Limited (RIL) and State Bank of India (SBI) will continue to indicate market direction.

Bhupendra Sharma, vice president, Hornic Investments told that, yesterday stock market was within range and ended the day after gaining 59 points.

In the early trades, the market was feeble, as it adopted worldwide cues but recovered in the last trading hours, on the back of trading. Buying was seen in technological stocks.

According to Mr. Sharma, today, if NSE Nifty trades above 4,325, then it may go further up, otherwise market is still in a negative range. He is optimistic on Reliance Industries, Redington and Financial technologies.

Stock analyst, KJMC Capital Markets, Anand Dama said yesterday, the security market deals in the positive though the majority of the international markets were down. The market showed lot of short covering. Despite that, political stableness also pulled the markets up.

After mid-session, stock market recovered as there were no remarks from the Left. The major buying was seen in PSU. Some buying was also seen in auto sector as auto numbers are anticipated in the coming two-three days.

Technical analyst, Vishwas Agarwal said the stock market was volatile mainly because of F&O expiry on yesterday, and some profit booking was also seen at upper level.

He said stock market may move sideways for the next two trading session. “I feel if everything is normal than we can expect NSE Nifty 4600 level again,” Mr. Agarwal added.

The overall market response is upbeat, but it is likely to be volatile owing to a variety of reasons, Agarwal opined.

Mr. Agarwal has also recommended a few stocks including Hindustan Unilever, Dabur Inida, ITC, ATFL, Marico for trading in coming days with some stop loss to make handsome gains between 10-15%.

Divya Arora, assistant manager, Karvy Stock Broking, stated that yesterday was the last day of F&O expiry so trading was seen as anticipated. Metal sector remained slow-moving though SAIL did well.

IT counters also witnessed some amount of short covering. Reliance Industries was among the major gainers. Market crossed 15,000 level that is an indication of relief for the overall markets after making a correction of 2,000 points. She suggests shareholders to leave long positions at the existing level that were taken at lower levels.

As per views of Technical Analysts, Ranbaxy Labs is looking very fairly valued at current market price. The stock ended at 433.10 levels on Friday, down by Rs 9.20 or 2.08%.

Ranbaxy has also received US approval for anti-bacterial drug Clarithromycin. The total sales for the drug are estimated at US $100 million.

Ranbaxy has announced on 3rd of October that it is all set to acquire 45% stake in Zenotech for Rs 250 crore. After the deal, Ranbaxy will get a controlling stake of 51% in the Zenotech. The final announcement is expected very soon.

The stock is trading at a P/E of 24.61 at current price. With earnings per share of Rs 17.60 per share, the stock looks a good long term investment.

Dollex Industries has signed a memorandum of understanding (MOU) with the Madhya Pradesh government to set up an integrated agro-energy complex. Dollex Industries has already signed two MOUs with Maharashtra government. The project will need an investment of Rs 1050 million.

This will be a major project for the company which works in agro-energy sector. The complex will make use of ethanol and sugar for power generation.

Technical Analyst Hitendra Vasudeo has suggested a buy in VSNL. The call is for delivery based trading. The stock is expected to cross 600 soon. The selling range for VSNL has been suggested at Rs 625 – 660. At current levels, VSNL is looking exciting.

Mr. Hitendra Vasudeo suggests a stop loss of Rs 440. The stock may out-perform stock markets and is fundamentally strong.

The stock markets are range-bound today. The markets were short of 19000 levels by just 200 points. VSNL stock is up by 8% today and is currently trading at 541.

Continued buying interest in key stocks, firm worldwide cues and upbeat results of the companies led the Sensex to achieve a new peak of 19,095.75.

On this technical analyst, Vishwas Agarwal, said, “Ultimately our long awaited 5,678 was acheived today on NSE. Here I will take some rest, but there is a lot of opportunity for traders and also there are options in some stocks.”

Today, the Indian Stock markets could not find any support. The markets were down by nearly 10% and NSE Nifty touched a low of 5107. The markets were closed for one hour. As 51% of FII investment was through P-Notes, it was very obvious for the markets to witness a downfall.

After the crash markets witnessed today, the stock market analysts suggest small investors to stay away from markets for next few days. Finance Minister has issued a statement regarding the market crash and has said that aim of market regulator is to keep markets safe. Stock markets have seen very quick rise in recent two months and valuations seem to be over-stretched.

The investors are advised to buy Nippon Denro and see miracle in just 7 days.

The stock is trading at its lower level. Buy it at the moment and book your profit within seven days.

Today the stock is dealing around Rs 29 on the BSE.

The company will declare its second quarter results on October 31, 2007, and this will take company’s stock to a new high. So buy and enjoy.

Indiabulls research has suggested to buy Omaxe to be sold tomorrow. The delivery call for the day has been given as the stock has performed well in an otherwise weak market.

The stock has gained 6.6%. The stock can offer decent gains tomorrow. The market improved very quickly towards the end of trading session. Technical analysts expect a pull back from lower levels.

Real Estate leader Omaxe has touched a high of Rs 376.60 and a low of Rs 345 in today’s trading session on National Stock Exchange.

Technical Analyst Deepak Mohoni has suggested to buy delivery call of GMR Infra in case the stock crosses Rs 330 before 3.20 pm. The closing market calls comes as the stock exchange has regained very smartly in last 30 minutes of trade.

The stock markets were trading lower for most part of the trading session. Markets tried to come back into green many a times, but the gains could not be sustained.

GMR Infra has been trading strong in today’s weak markets. The stock has traded on an average of Rs 228 on National Stock Exchange.

Technical analyst, Rajat K Bose has recommended that Bajaj Auto is looking strong for intraday trading today.

He also suggested that the interested investors can buy the stock with a stop loss below Rs 2460 for targets of Rs 2550 and Rs 2562

The CMP is Rs 2,580.00, up 1.8 percent.

Bajaj Auto announced an extension of its festive season offer of Rs 4,000 discount on 100 cc bike Platina till December, reports Economic Times.

The company slashed prices of Platina to Rs 30,000. The response for the offer has been good, as a result, the company extended this offer till the year end.

Stock analyst Ashwani Gujral is of the view that investors should buy Indian Bank stock around Rs 165 to achieve short term target of Rs 240.

The outlook appears positive, and presently (10:45 am), the stock is hovering near Rs 182. Keep a stop loss of Rs 156. Yesterday, the stock performed well, and closed positively on the BSE.

Mr. Gujral has suggested this stock after analyzing its brilliancy in the last few months. So don’t miss the chance and make huge profit form this stock.

Indian Bank plans to open four more micro-credit branches in Bhubaneswar, New Delhi, Pune, and Bangalore, reports Business Standard.

Stock Analyst E Mathew has suggested that Binani Cement can be purchased on declines to achieve a short term target of Rs 130. The stock has seen a decent rise in recent trading sessions.

In today’s trading session, the stock has gained 3.8% at Rs 116.95 up till now. But interested investors should wait for sometime.

If the stock follows the uptrend for the whole day, leave it and forward your decision to next trading session. If the stock falls, buy it as much as you can. It will provide you good returns.

Stock Market Analyst Rajat K Bose has suggested the investors to sell Reliance Petroleum as there are full chances of a downward trend in this stock.

If the stock fell below Rs 195, it may see more weakness.

There is also news that global energy major Chevron Corporation may exit Reliance Petroleum (RPL) by selling its 5% stake to Reliance Industries.

Recently, Reliance Industries undertook divestment of 4% stake in RPL for more than Rs 40.23 billion. Presently, Reliance Industries` stake in RPL stands at around 71%.

Indiabulls has suggested investors to buy INOX Leisure for short term. The stock may see an uptrend in coming 2 - 3 months.

Today, the stock is hovering near Rs 124, up 4%. But, the investors will purchase the stock when it starts declining. The short term target for the stock is around Rs 155.

It will surely achieve this target within the said time period.

INOX Leisure, a subsidiary of Gujarat Flurochemicals announced (on Nov 10) commencement of commercial operation at its new multiplex theatre situated at Riverside Mall, Vipin Khand, Gomti Nagar, Lucknow from Nov. 9, 2007.

Technical Analyst Ashwani Gujral has suggested investors to buy delivery call of Essar Oil in case the stock crosses Rs 220 before 2.00 pm.

Mr. Gujral has recommended this stock for delivery for short term gains as the stock has performed well in an otherwise weak market. Presently, it is trading down 1.2% at Rs 219.10.

Investors need not to worry as it will hit the ground soon. If it drops further, buy it around Rs 210 to achieve a target between Rs 250-340. Keep a stop loss of Rs 190. In medium term it can touch 375 mark.

Rico auto has gained around 4.8% up till now, in today’s trading session. The stock can be picked up. The stock has been recommended by stock analyst Rajat K Bose for intraday trading.

It is good for investors to purchase the stock around Rs 42, if the stock falls, otherwise grasp it between Rs 43-44, to achieve an intraday target above Rs 48.

The maximum target for the day is Rs 51, and the investors have a stop loss at Rs 39.80.

Technical Analyst E Mathew has suggested to buy Usha Martin to be sold tomorrow. The delivery call for the day has been given as the stock has performed well in an otherwise weak market.

The stock has gained above 3.0% at Rs 140.94, and it is expected to touch Rs 165 levels tomorrow. It has a good potential.

Usha Martin is planning to raise equity capital of Rs 3,350 million. The company plans to raise the funds through preferential allotment of upto 38.5 million warrants convertible into equity shares to its promoters, reports Business Standard.

After previous close at Rs. 331.35, and opening at Rs. 340.00 today, the Gayatri Projects stock has gained 3.79%, reaching at Rs. 343.90 up till now, in today’s trading session at BSE.

E Mathew has given “buy call” for the stock.

According to E Mathew, “Buy Gayatri Projects with a stop loss of Rs 320 for a short-term target of Rs 388.”

After previous close at Rs. 147.70, and opening at Rs. 151.30 today, the Development Credit Bank (DCB) stock has lost -0.98% down, falling to Rs. 146.25, up til now, in today’s trading session at BSE.

After previous close at 147.65 at NSE, the DBC stock opened at Rs. 154.90, but presently the stock is trading at -1.12% down at 146.00.

The stock may dip further down and then bounce back. It’s good stock for intraday trading.

The stock analyst, Ashwani Gujral has given buy call for the stock. According to Ashwani Gujral, “Buy Development Credit Bank (DCB) with a stop loss of Rs 127 for target of Rs 176.”

Ispat Industries’ stock opened at Rs. 48.25, after the previous close at Rs. 43.90 at BSE. The stock is presently trading 9.91% up at the Bombay Stock Exchange (BSE).

After the previous close at Rs. 43.95, the stock opened at Rs. 46.50 at NSE. The stock is presently trading at 10.01% up at NSE.

The stock has potential to surge little more up, which makes the stock good pick for making quick gains.

Ashwani Gujral, the renowned stock analyst has given “BUY CALL” for the stock. According to the stock analyst, “BUY ISPAT INDUSTRIES WITH A STOP LOSS OF 37 FOR TARGET OF RS 51.”

The Sun TV Network’s stock opened at Rs. 355.50, after the previous close of Rs. 343.65 at BSE. The stock is presently trading 6.21% up at Rs. 365.00 at the BSE.

The stock opened at Rs. 379.90, after the previous close of Rs. 344.05 at NSE. The stock is presently trading 6.23% up at Rs. 365.50 at NSE.

The stock has great potential. It can still exhibit superb surge. The long term traders are recommended to hold the stock.

However, the stock analyst, Rajat K Bose has recommended the stock for day trading. The stock analyst gives “buy call” for the stock for quick short term gains.

CESC stock, today, opened at Rs. 644, as compared to its last closure at Rs. 626.85 on the Bombay Stock Exchange (BSE). The stock is presently trading at Rs 639.00 on BSE.

After the previous close at Rs. 629.7, the stock opened at Rs. 615 at NSE. The stock is presently trading at Rs 637 on NSE.

Stock analyst, E Mathew has given “BUY CALL” for this stock to make decent gains in the short run.

Mr. Mathew said that the interested investors can buy this stock on declines (between Rs 596-600) with a stop loss at Rs 590. The short term target for this stock is around or above Rs 680.

Stock Analyst Ashwani Gujral has suggested to buy Sterlite Ind stock to be sold on Thursday.

Mr. Gujral has given this delivery after viewing all the ups and downs experienced by the stock in last few trading sessions. He said that the stock has performed well in an otherwise weak market.

Today, the stock opened at Rs 1046.8 as against its last closure at Rs 1034.75 on BSE. On the other hand, the stock also make strong opening on NSE. It opened at Rs 1043.75 on NSE.

The stock has gained above 3.2% up till now at Rs 1067.50 on BSE, and it is expected to touch Rs 1400 levels by Thursday. It has a good potential.

BAG Films stock has made around 6% up till now, in today’s trading session. The stock can be picked up.

JSW Steel is looking strong, and it will surely reach above Rs 1096 in today’s session.

Hitendra Vasudeoo of stockmechanics.com has recommended investors to buy JSW Steel above Rs 1050 with a stop loss at Rs 1030.

JSW Steel has announced that pursuant to the order made by the high court of judicature at Bombay, separate meeting of the equity shareholders and preference shareholders of the company will be convened on Dec. 28, 2007 for the purpose of considering and if though fit, approving with or without modifications, the arrangement embodied in the scheme of amalgamation of Southern Iron & Steel Company with the company.

Technical analyst, Rajat K Bose has recommended that Praj Industries stock is looking strong for intraday trading today.

He also suggested that the interested investors can buy the stock with a stop loss below Rs 204 for targets of Rs 218 and Rs 223

The CMP is Rs 217.85, up 3.6 percent on BSE. On NSE, it has gained around 3.1% up till now. Investors need not to worry if the stock price falls because it is a good stock for intraday trading and it has already proven its brilliancy in day trading movements.

Last month, it has commissioned UK’s first bioethanol plant for British Sugar at Wissington, Norfolk.

It is beneficial to stay with IFCI stock in the short run.

Stock analyst, Ashwani Gujral has given this ‘short term’ call for IFCI stock. Presently the stock is 1.6% down, and it is the best time for investors to purchase this stock.

Stock analyst Ashwani Gujral has suggested investors to buy ‘Reliance Capital’ for short-term to make good returns.

It is the stock that will perform brilliantly in these days, and it will surely left capitalists with great earnings in the said time period.

Investors can purchase the stock with a stop loss of Rs 2300 for target of Rs 2760.

Don’t miss the chance. Today, the stock opened at Rs 2490 as against its Monday’s closure at Rs 2477.3 on BSE. Presently it is hovering near Rs 2,514.

MRPL is going against the market tide, and if the investors want to take advantage of this volatility, buy it around Rs 127.45. The stop loss is at Rs 123, and it will definitely reach above Rs 135. The maximum target for the day is Rs 140.

MRPL is looking too strong at current levels. The stock opened at Rs 129.5 as against its last closure at Rs 127.45 on BSE. The 52-week high of the stock was Rs 148.6. Presently, it is hovering around Rs 134.

Stock analyst VK Sharma advised the investors not to stay with the stock more than a day.

Stock analyst, Mathew Easow has suggested investors to hold Easun Reyrolle stock to achieve a short term target of Rs 390.

After previous close at Rs. 347.95, and opening at Rs. 352.1 today, the Easun Reyrolle stock has gained 2.1% at Rs. 355.25, up till now, in today’s trading session at BSE.

After previous close at 349.8 at NSE, the Easun Reyrolle stock opened at Rs. 357.80. Presently the stock is trading at 357.80, up 2.3% on BSE.

Mr. Easow said that the interested investors can purchase Easun Reyrolle on dips with a stop loss of Rs 320.

Stock analyst Ashwani Gujral is of the view that Tata Steel stock will provide hefty gains in the short run.

So, the investors are suggested not to sell Tata Steel stock before achieving a short term target of Rs 923.

Those who wish to make profit from this stock can purchase it around on declines with a stop loss of Rs 830.

Mr. Gujral also told that investors should not hold this stock for medium or long term as it is very risky to keep it for future. Buy it, make decent profit and sell it. This is the real mantra for this stock. Don’t buy it on upper levels.

Stock analyst E Mathew has suggested that BOC India should be purchased on declines to achieve a short term target of Rs 198. The stock has seen a decent rise in recent trading sessions.

In today’s trading session, the stock has gained 4.5% at Rs 158.95 up till now. But interested investors should wait for sometime.

If the stock follows the uptrend for the whole day, leave it and forward your decision to next trading session. If the stock falls, buy it as much as you can. It will definitely provide provide you good returns.

Buy Noida Toll Bridge with a stop loss below Rs 55 for targets of Rs 63 and Rs 67.

Stock market analyst, Rajat K Bose has given this intraday call after analyzing the stock’s previous performance. Intraday day investors can sell the stock after making the said profit.

Presently, the stock has gained 4.3% at Rs 61.00.

Aditya Birla Nuvo is trading positively on both BSE and NSE. Presently (12:05 pm), it is hovering around Rs 1706, up 4%. There are full chances of an upside potential today.

Stock Analyst VK Sharma has suggested the day trading investors to purchase the stock around Rs 1637.70 with a strict stop loss at Rs 1590. The target for the day is Rs 1724. The stock has shown a decent rise in previous sessions. The stock has seen a 52-week high of Rs 1819.9 and a low of Rs 960 on BSE.

Stock analyst E Mathew is of the view that IDBI stock will provide hefty gains in the short run.

Presently (1:00 pm), the stock is trading 0.6% down at Rs 173.40.

Mr. Mathew has suggested investors not to sell IDBI stock before achieving a short term target between Rs 190-200. Traders should use Rs 163 as a stop loss. The stock can be bought in the range of Rs 167-169. Don’t buy it on upper levels.

IDBI has seen a 52-week high of Rs 181 on Bombay Stock Exchange. The P/E is 19.46, and EPS stands at Rs 8.96.

It seems that IDBI will touch another yearly high in the said time period. So keep the stock for at least 3-4 weeks.

Stock Market Analyst VK Sharma has suggested day traders to buy Bongaigaon Refinery around Rs 104 for a target of Rs 106 and 108. For trading, please keep a strict stop loss of Rs 102 for this stock.

The stock has been up in recent trading sessions on merger news. Bongaigaon Refinery has touched a 52-week high of Rs 117 on NSE.

The stock is trading at a P/E multiple of 8.2 with an EPS of Rs 12.

This recommendation is for day trading only. Investors looking for long term investment should try some other stocks from this sector. Chennai Petro is a good stock at current prices.

As per view of technical analyst Hitendra Vasudeo of Stockmechanics.com, Varun Shipping can be purchased for above Rs 87 with strict stop loss of Rs.70. For achieving a target of Rs.103-136, investors can buy stock at current prices to be sold in short term.

At the National Stock Exchange, the stock has touched 52-week high of Rs.87 and a low of 49.

The stock is currently trading at P/E of Rs.5.22 with an earning per share of Rs.16.02.

Varun shipping company is a private sector company in India, which presently operates a fleet of 20 vessels for seaborne transportation of bulk cargoes mainly in the hydrocarbon sector including LPG, crude oil and petroleum products.

Real Estate Major DLF looks attractive above Rs.1005 as the stock will be technically strong above this level. Traders should buy the stock with strict stop loss of Rs.990. This is an intra call for day traders with the target of 1031-1079 given by Stock Analyst Hitendra Vasudeo of Stockmechanics.com.

According to technical analysts, ASHAPURA MINECHEM can be purchased with strict stop loss of Rs 365 for the target of Rs 396-405.

On National Stock Exchange, the stock has touched 52-week high of Rs 426 with the low of Rs 95. Based on current results, the stock is trading at a P/E of 20.41 and offers an earning per share of Rs 17.96.

It is the largest mine owner, organized producer & exporter of Bentonite in India. It exports to over 30 countries in Middle East, Latin America, Europe, Egypt, Japan, South East and Australia.

Technical Analyst VK Sharma has suggested a buy call for technology major I-Flex Solutions. The stock looks attractive at current price and can be bought around 1614 levels with strict stop loss of Rs 1575. This is an intraday call for day traders.

The stock looks technically strong and can easily touch 1650 – 1665 in today’s session. Based on present results, the stock is trading at P/E of 38 with an earning per share of Rs 42.

As per technical charts, investors can buy Shree Renuka Sugars above Rs 830 with strict stop loss of Rs 800 for the target of Rs 1141 in short term and Rs 1573 in long term. This is a delivery based call.

On National Stock Exchange, the stock has touched 52-week high of Rs 900 and a low of Rs 260. The stock has an intraday high of Rs 900 with a low of Rs 820.

The group’s principal activities are to manufacture and market crystal sugar, industrial alcohol, iron castings, soya products, sunflower oil, molasses, fertilizers, chemicals, seeds, bio earth and other industrial products.

Stock market analyst E Mathew has suggested a buy for Zicom Security Systems. The stock has gained over 7.32% percent in today’s trading session.

The company has a good business model and it may soon come out with robust results. The short term outlook for the stock is good. The stock is good for an investment over a period of 3-4 weeks.

The stock has seen a 52-week high of Rs 245. At current market price of Rs 211, the stock is trading with a P/E of 31.72. Interested investors can purchase Zicom Security Systems on dips with a stop loss of Rs 182 for a short-term target of Rs 235.

According to technical analyst Ashwani Gujral, investors can buy NDTV stock, with strict stop loss of Rs 400 for a medium term target of Rs 610.

Today, the stock opened at Rs 449.90 after making its closure at Rs 445.20 (on Dec 12). Presently (11:15 am), the stock is hovering around Rs 436, down 2.1%, and this is the best time to buy the stock. NDTV stock will surely achieve this target with a period of 2-3 months. So the investors are suggested not to sell this stock before achieving this target.

At the Bombay Stock Exchange (BSE), the stock has touched 52-week high of Rs 453.65 with a low of Rs 184.

Stock analyst Rajat K Bose has suggested investors to buy Suprajit Engineering for intraday trading to make good returns.

The stock has performed brilliantly in previous trading sessions, and it will definitely left capitalists with great earnings in today’s session.

Don’t miss the opportunity. Today, the stock opened at Rs 130.90 after closing at Rs 119.05 on BSE. At present, the stock is trading at Rs 142 on BSE.

The investors can purchase the stock at lower level to achieve an intraday target of Rs 145 with a strict stop loss at Rs 130. The stock has seen a 52-week high of Rs 199 and low of Rs 82 on BSE.

Stock analyst Ashwani Gujral  is of the view that investors can buy Cosmo Films, which is currently trading at Rs 164 for achieving an intraday target of Rs 177. The maximum target for the day is Rs 215.

So, interested investors can purchase the stock at current level as the stock is trading 0.03% down. The stop loss for the day is at Rs 150.  

On Bombay Stock Exchange, the stock has touched 52-week high of Rs 177.9 and a low of Rs 59.15. The stock has been performing well based on better results in previous quarter.

Stock market analyst Rajat K Bose has given an intraday call for Hyderabad Industries.

According to Mr. Rajat, the stock can be purchased with strict stop loss of Rs 233.80 for the target of Rs 247. The maximum target for the day is Rs 254.

The traders can surely achieve this target as the stock market is also trading in the positive mood.

On Bombay Stock Exchange (BSE), the stock has touched 52-week high of Rs 330 with the low of Rs 139. Based on current results, the stock is trading at a P/E of 11.96 and provides an EPS of Rs 21.94.

An investment may be considered in the stock of Bhushan Steel, as there are full chances of upside potential in the coming months.

Mr. Ashwani Gujral has given this buy call, and said that the stock is expected to generate handsome returns in medium to long-term.

Investors interested in buying Bhushan Steel, can purchase it between Rs 1450-1500. Investors need not to worry as the stock has great capacity and it has already proved its brilliance in the previous trading sessions.

Ashwani Gujral has suggested `Buy` on Ispat industries with a price target of Rs 106 as against current market price of Rs 77 (Dec 14).

This is a short term buy call, and the investors can achieve this target within a period of 4-5 weeks.

The company with huge expansion plans and capital expenditure is growing very sharply. It has big clientele and its strong network is expected to grow exponentially year over year offering sufficient scope for investments.

Stock analyst E Mathew is of the view that Sical Logistics stock will provide hefty gains in the short run.

Presently (11:08 am), the stock is trading 7.51%% up at Rs 262.

Mr. Mathew has suggested investors not to sell Sical Logistics stock before achieving a short term target between Rs 270-290. Traders should use Rs 229 as a stop loss. The stock can be bought in the range of Rs 235-240. Don’t buy it on upper levels.

Sical Logistics has seen a 52-week high of Rs 301.90 on Bombay Stock Exchange. The P/E is 21.28, and EPS stands at Rs 12.31.

Stock market analyst E Mathew has suggested a ‘buy’ for Mangalore Chemcials and Fert. The stock has gained around 5 percent in yesterday’s trading session, and marked its closure at Rs 43.20.

The company has a good business model and it may soon come out with robust results.

The short term outlook for the stock is good. The stock is good for an investment over a period of 3-4 weeks. The stock has seen a 52-week high of Rs 55 and low of Rs 11.09.

At current market price of Rs 43, the stock has trading with a P/E of 15.65.

Stock Market Analyst Ashwani Gujral has suggested the investors to sell IFCI stock as there are full chances of a downward trend in this stock.

If the stock fell below Rs 80, it may see more weakness. Presently (at 10:45 am), IFCI stock is hovering near Rs 78, down 21%.

So, the investors should sell IFCI with a stop loss of Rs 108 for a target of Rs 67.

There is also news that IFCI has rejected the bid put in by Sterlite-Morgan Stanley as both the parties failed to strike agreements over the price and management control.

Stock analyst Ashwani Gujral is of the view that investors can buy Wire and Wireless (India) for achieving a short term target of Rs 130.

Today (Dec 20), the stock opened at Rs 96.40 after making its closure at Rs 94.25 (on Dec 19). Presently (10:58 am), the stock is hovering around Rs 91.90, down 2.5%, and this is the best time to buy the stock.

The stock will surely achieve the said target within a period of 3-4 weeks. So the investors are suggested not to sell this stock before achieving this target.

Hitendra Vasudeo of stockmechanics.com has suggested investors to buy Tisco above Rs 905 to achieve an intraday target of Rs 918.

Today, Tisco stock opened at Rs. 900, after the previous close of Rs. 892.75 at BSE. Presently (12:02 pm), the stock is trading 0.36% up at Rs. 896 on BSE.

The stock opened at Rs. 906, after the previous close of Rs. 892.80 at NSE. At present, the stock is trading 0.53% up at Rs. 897.55 at NSE.

The investors are suggested not to sell this stock before achieving this target.

Stock Market Analyst Hitendra Vasudeo of stockmechanics.com has suggested day traders to buy Sujana Towers stock to achieve a target of Rs 229. The traders should use Rs 197 as stop loss.

Presently (12:15 pm), Sujana Tower stock is trading 1.67% up at Rs 201 on BSE. There are full chances of an upside potential today. The stock has shown a decent rise in previous trading sessions, and a 52-week high of Rs 209.50 on BSE.

The Sujana Group will invest Rs 2.5 billion in a year to capture 10% of the total tower manufacturing market across the country.

Technical Analyst Hitendra Vasudeo (stockmechanics.com) has suggested to buy Shipping Corporation of India to be sold on Monday (31 Dec).

The delivery call has been given as the stock has performed well from last few weeks.

Mr. Vasudeo has suggested investors to buy the stock above Rs 282 with a strict stop loss of Rs 244 for achieving a target between Rs 355- 473.

Today the stock has gained above 9.84% at Rs 284 up till now (12:40 pm), and it is expected to touch this level in the said time period. The stock still has good potential.

Stock market analyst E Mathew has suggested investors to purchase ‘CMC’ stock to achieve short term target of Rs 1680.

CMC stock has performed brilliantly on Thursday (27 Dec), and marked its closure at Rs 1378.90 after making a gain of Rs 85.05. The total volume of the shares traded was 61,669. It is looking very strong, and grasp it as much as you can.

On Bombay Stock Exchange, the stock has touched 52-week high of Rs 1550 and the low of Rs 488. The investors can purchase the stock around Rs 1,345 with a stop loss of Rs 1320. With an EPS of Rs 54.63, the stock traded with a P/E of 25.24 on yesterday.

Stock market analyst Ashwani Gujral is of the view that Everonn Systems India is looking strong to zoom in the coming weeks. Interested investors can buy the stock on declines with a stop loss of Rs 780-800. The price target for this counter is Rs 1200-1400.

At National Stock Exchange, the stock of the company has touched 52-week high of Rs 1,011 and a low of Rs 245. The company has earned a net profit of Rs 4 crore for year ending March 2007, and Rs 2 crore for quarter ending September 2007. Yesterday (27 Dec), the stock marked its closure at Rs 919 on National Stock Exchange. The total volume of share traded was 379868 on NSE.

Educomp Solutions, which marked its closure at Rs 4160 at National Stock Exchange on yesterday (27 Dec), is looking profitable at the moment. It has been performing superbly from last 3-4 days.

In order to take advantage of the recent upward potentian, stock analyst Ashwani Gijral has suggested investors to buy the stock with strict stop loss of Rs 4300 for a price target of Rs 4850. The investors can achieve this target within 3-4 months.

Buy DLF around Rs 1050 with a stop loss at Rs 1020 for an intraday target of Rs 1094.

Stock market analyst VK Sharma has given this day trading call.

Presently (12:43 pm), DLF stock is trading 2% up at Rs 1085 on BSE. There are full chances of an upside potential today. The stock has shown a decent rise in previous trading sessions, and a 52-week high of Rs 1099 on BSE.

Realty firm, DLF has decided to lift USD 5 billion over the next three years by listing five of its business units, DLF Homes, DLF Retail, DLF Hotels, DLF Utilities and DLF Infrastructure.

Stock analyst Rajat K Bose has suggested a ‘buy’ for Hotel Leela to achieve a intraday target between Rs 76-79, in today’s trading session.

Today, the stock has gained 3.57 percent up till now.

The company has a good business model, and it may soon come out with robust results. It is a brilliant stock, which has seen a 52 week high of Rs 80.70 and a low of Rs 37.50. At current market price of Rs 74, the stock is trading with a P/E of 18.17. The EPS stood at Rs 22.50.

Interested day traders can purchase the stock around Rs 70 with a stop loss below Rs 69.

Technical Analyst Hitendra Vasudeo (stockmechanics.com) has suggested investors to buy Axis Bank to be sold after Wednesday (9 Jan), as the bank will announce its quarterly results on 9 Jan.

Axis Bank informed that a meeting of the board of directors of the Bank will be held on Jan. 9, 2008, to consider and approve the unaudited quarterly financial results of the Bank for the quarter ended Dec. 31, 2007 (Q3).

The delivery call has been given as the stock has performing well from last few weeks.

Hitendra Vasudeo of stockmechanics.com has suggested day traders to buy Allahabad Bank above Rs 139 to achieve an intraday target that lies between Rs 147-163.

Today, Allahabad bank opened at Rs. 131.70, after the previous close of Rs. 129.30 at BSE. Presently (1:06 pm), the stock is trading 7.89% up at Rs. 139.50 on BSE.

The stock opened at Rs. 132, after the previous close of Rs. 129.50 at NSE. At present, the stock is trading 7.41% up at Rs. 139.10 at NSE.

The traders are suggested not to sell this stock before achieving the said target. They should use Rs 133 as stop loss for the day.

As per view of technical analyst Hitendra Vasudeo of stockmechanics.com, Tata Tea is a good stock for delivery with a target between Rs 1047-1622 in three months

The stock can be bought around Rs 958 with strict stop loss of Rs 850. The stock is currently trading at Rs 962 on Bombay Stock Exchange. Tata Tea has been performing well in past couple of months. Expectations from the company are high and returns should be decent over next two quarters. The company may see good results as the demand for tea is expected to pick up.

This delivery based call has been given after analyzing the stock’s previous performance.

Traders are suggested to buy ‘Sical Logistics’ stock for intraday dealings today. It is a productive & standard stock, which will surely left investors with good returns.

It is better for investors to purchase the stock around Rs 218-219, with a stop loss below Rs 319.50. The stock has an intraday target between Rs 366-375.

Stock market analyst Rajat K Bose has given this day trading call.

Stock market analyst E Mathew has suggested investors to purchase ‘Hindustan Dorr-Oliver’ stock to achieve short term target of Rs 208.

The stock has performed brilliantly on Wednesday (2 Jan), and marked its closure at Rs 178.30. Today, the stock opened at Rs 183.90 on BSE.

On Bombay Stock Exchange, the stock has touched 52-week high of Rs 187.20 and the low of Rs 57. The investors can purchase the stock around Rs 175 with a stop loss of Rs 166. With an EPS of Rs 5.01, the stock is trading with a P/E of 37.34 at 11:20 am (today).

The stock will surely achieve the said target within a period of 2 weeks. So, the investors are suggested not to sell this stock before achieving this mark.

Stock analyst E Mathew is of the view that investors should buy RNRL stock around Rs 187 to achieve short term target that lies between Rs 230-240.

Today, the stock opened positively at Rs 196 as against in previous closure at Rs 194.60 on BSE. The outlook appears positive, and presently (11:30 am), the stock is hovering near Rs 203.

For the said short-term target, keep a stop loss at Rs 180.

Mr. Gujral has suggested this stock after analyzing its brilliancy in the last few months. The investors can achieve this target within a period of 3-4 weeks. The stock has seen a 52 week high of Rs 204.80 on both BSE and NSE.

Technical Analyst Ashwani Gujral has suggested investors to buy ‘Axis Bank’ stock for short term. The stock has been performing well from last few weeks.

Interested investors can buy the stock at Rs 1008 with a strict stop loss of Rs 985 for achieving a short term target of Rs 1150 within a period of 4-5 weeks.

Today, the stock has gained 0.61% at Rs 1,040.20 up till now (12:15 pm) on BSE, and it will surely achieve this target within said time period.

The stock still has good potential and it is rising exponentially year over year and offering up plentiful scope for investments.

SRF is going against the market tide, and if the investors want to take advantage of this volatility, buy it above Rs 196. The stop loss is at Rs189, and it will definitely reach above Rs 200, in today’s session.

Hitendra Vasudeo of stockmechanics.com has given this day trading call.

Technical Analyst E Mathew has suggested a buy call for Power Grid Corporation for short term investors. The stock can be bought at current levels of Rs 152 – 154.

The target for short term is Rs 165 – 175. Investors should keep a stop loss of Rs 140 for the closing (not for intraday).

Power Sector is looking good and there are many stocks which are good for investments. It may not be a very good decision to enter the sector now, but investors who have already invested in any of the Power Sector companies, may hold for some more time.

Stock market analyst E Mathew has suggested investors to buy ‘Webel Solar Energy’ stock to achieve short term target between Rs 900-950.

The stock has performed brilliantly on Friday (4 Jan), and marked its closure at Rs 705.80 after making a gain of 6.65 percent. Today, it opened at Rs 707 on BSE.

According to Mr. Mathew, interested investors can purchase the stock only on dips with a strict stop loss at Rs 668. With an EPS (TTM) of Rs 12.34, the stock is trading with a P/E of 59.15 at 10:10 am (today).

According to stock market analyst Hitendra Vasudeo, there
are full chances of an upside potential in Bombay Rayon Fashions stock in
today’s trading session.

Today, it opened at Rs 392 as compared to its previous close
at Rs 385.85 on BSE. The stock is likely to generate handsome gains today.

Interested day traders can purchase the stock above Rs 401 to
attain an intraday target that lies between Rs 411-428. The traders can surely
achieve this target as the stock market is trading in the positive mood. The
stop loss is at Rs 161.

Stock analyst Hitendra Vasudeo (stockmechanics.com) has recommended a ‘Buy’ on Suzlon Energy stock with a price target between Rs 2785-3796, as against today’s (Jan 8) opening price of Rs 2,196.30.

The stock has seen a decent rise in recent trading sessions. It has the potential to rise to the target price as the company has fine growth projections considering its projects under implementation and aggressive growth plans.

Stock market analyst Rajat K Bose has suggested the investors to sell Grasim Industries stock as there are full chances of a downward trend in this stock.

After opening strongly at Rs 3,590 against its last closure at Rs 3515.15 (7 Jan), the stock traded in a weak manner on yesterday (8 Jan), and marked its closure at Rs 3,400.60 after making a loss of Rs 114.55.

If the stock fell below Rs 3380, it may see more weakness. So the investors must sell the stock with a stop loss above 3440 for targets of Rs 3330 and Rs 3305.

‘Reliance Petro’ stock has been trading weakly from last few days. Today, the stock opened at Rs 215.90 as against its last closure at Rs 219.70 on BSE.

Presently (1:10 pm), the stock is trading 0.41% down at Rs 218.80 on BSE.

After analyzing the company’s growth charts, stock market analyst Hitendra Vasudeo of stockmechanics.com has suggested investors to sell Reliance Petro below Rs 212 with a stop loss of Rs 217 to achieve a target that lies between Rs 205-192.

Mr. Vasudeo also said that it is really unfavorable to hold the stock at this time, as it is going down and down.

Stock analyst Hitendra Vasudeo (stockmechanics.com) has suggested investors to sell Reliance Communications stock below Rs 738 with a stop Loss of Rs 746 to achieve a target of Rs 713-Rs 671.

Today, the stock opened at Rs 770 as against its previous closure at Rs 777.40 (Jan 15). At present (1:40 pm), the stock is trading around 6 percent down at Rs 731.

Mr. Vasudeo is of the view that investors should sell the stock today in order to avoid loss.

He also said that the recent declining movement will remain within the stock on Thursday.

Stock analyst E Mathew is of the view that Himatsingka Seide is ready to zoom in the coming weeks.

If the investors want to take advantage of this voltality, buy it around Rs 106, with a stop loss at Rs 101. The investors should hold the stock for at least 3-4 weeks. The short-term target for the said period is Rs 140.

Mr. Mathew has suggested investors not to sell this stock before achieving the said short term target.

Yesterday (16 Jan), the stock closed at Rs 111.35 after gaining 3.49% on BSE. The stock still has much potential. So don’t miss the chance and make good profit.

Stock market analyst E Mathew has suggested investors to purchase ICICI Bank stock to achieve a short-term target of Rs 835.

According to him, the stock of ICICI Bank can be purchased on declines with a stop loss of Rs 713.

Mr. Mathew also said that the investors can achieve the target within a period of 3-4 weeks. So, the investors are advised not to sell this stock before achieving this price target.

Stock market expert V K Sharma has suggested that Aptech stock can be purchased by day traders in today’s trading session at current price for achieving an intraday target of Rs 170.

If the stock markets remain on positive track, the next intraday target for the day is above Rs 172.

The company’s shares ended positively at Rs 174.30, on Tuesday, on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 448.50 and a low of Rs 139 on BSE.

The BSE Sensex, on Wednesday, ended after making a gain of 161.37 points at 14,994.83, whereas the broad-based NSE Nifty ended at 4,573.95, up 40.95 points.

The 30-share index Sensex opened on a cheerful note with a positive gap of 492.33 points at 15,325.79 following the interest rate cut by US Federal Reserve.

The index traded sturdily for a short period because of buying activity seen across the frontline stocks.

But, the Sensex broke off from days’ peak by losing all its power. At last, it marked its closure positively. It also touched an intraday high of 15,465.81.

Indian Stocks markets closed with decent gains last week. US Markets received some support from the Fed’s recent rate cut, but the effect may not last for the coming week. The signs of slowdown in US economy have become a cause of worry for investors all over the world.

BSE Sensex closed with a gain of 355 points at 16,371. NSE Nifty closed the week at 4942. Technical experts believe that the stock markets may remain range-bound for next 3 – 4 weeks. The undertone is bearish. There are some signs of buying at lower levels, but markets are not able to sustain at higher levels due to selling pressure.

Nitin Kunte, technical advisor, Angel Trade stated that the stock markets had a strong trading session on Monday, because of short covering. Markets got well from crucial support levels, which is opportunistic for the markets. Sensex marked its closure after making again of 413 points at 15757 where Nifty closed the day at 4761, up 114 points.

Mr. Kunte also said that the banking stocks showed intensity on yesterday (Apr 7).

He also told that the markets may remain rangebound for next few days. He added that the markets may remain positive and banking stocks look attractive and there can be more improvement in real estate and auto sectors.

Indian stocks markets have been trading lower since morning on Tuesday. Technical Analysts including Ashwani Gujral, Rajat K Bose, Abhay Aima and VK Sharma are suggesting investors to stay away from the markets. The markets are extremely volatile and investors are confused about the direction of the markets. On Friday, the stock markets dropped as selling continued in heavyweight counters while it recovered smartly on Monday.

At 2.15 p.m. IST, the BSE Sensex was 218 points lower at 15538. NSE Nifty was down by 36 points at 4724.

As per views of stock market analyst VK Sharma, day traders can purchase Cairn India stock around Rs 241.30 with a stop loss of Rs 234. The target for the day is above Rs 249.

Mr. Sharma also said that the stock pricing becomes more attractive and can reach above Rs 255, if the stock markets remain positive.

The company’s stock, on Thursday (10 Feb), marked its closure at Rs 242.15 on BSE. The total volume of shares traded was 2568406. The share price also touched an intraday high of Rs 244.95 and an intraday low of Rs 229. The stock has seen a 52-week high of Rs 268.5 and a low of Rs 124 on BSE.

The 30-share index Sensex, which closed the week at 15,807.64, on April 11, will experience more ups and downs in the coming week.

Inflation numbers continued to be a sign of worry as it zoomed to three-year high of 7.41 percent for the week ended on March 29. The inflation climbed on the back of growing pressure on RBI to further tighten funds supply in its forthcoming annual credit policy later this month.

Technical analyst, Mathew Easow is of the view that investors can buy Vijay Shanthi Builders Ltd to achieve a short-term target of Rs 109.

According to him, the stock can be purchased on declines with a stop loss of Rs 70.

Mr. Mathew also said that the investors can achieve the target within a period of 6-7 weeks. So, the investors are advised not to sell this stock before achieving this price target.

Thestock will achieve the target price as the company has good growth outlooks considering its projects under implementation and influential future plans.

Stock market analyst E Mathew has maintained ‘Buy’ rating on Sical Logistics stock with a short term target of Rs 190.

According to Mr. Mathew, interested investors can purchase the stock on declines with a stop loss of Rs 133.

Mr. Mathew also said that the investors can achieve the target within a period of 4-5 weeks. The stock has been recommended after analyzing its last performances.

Stock market analyst, Vishwas Agarwal stated, “If institutions feel the pressure due to hike in CRR by the Reserve Bank of India (RBI), then the market may see the BSE Sensex falling to 15,950 or even lower levels of 15,750. But a pipeline of major corporate results may not allow panic selling in the market.”

Welcoming the RBI move, Mr. Agarwal stated that the CRR hike was a crucial step to control increasing inflation.

He expects strong recovery in the equities in the near term once the inflation levels get stabilized.

He also stated that the banking, auto and real estate stocks will have an impact because of CRR hike.

Tracing strong global cues, India’s benchmark index, Sensex rallied further on Monday (April 21).

Worldwide markets gained on speculation that the credit market losses at the banks will be over and as better than expected results by Caterpillar boosted confidence in machinery producers.

Metal, banking and consumer durable stocks paced the rally in India.

The 30-share index Sensex marked its closure at 16,739.33 after gaining 258.13 points, whereas the broad-based NSE Nifty ended at 5,037, up 78.60 points.

Technical analyst, Ashwani Gujral is of the view that investors can buy Bajaj Hindustan stock Ltd to achieve a short-term target of Rs 285.

According to him, the stock can be purchased on declines with a stop loss of Rs 211. Sugar sector itself was displaying strength, and it is expected to move up in the coming days.

The investors can achieve the target within a period of 4-8 weeks. So they are advised not to sell the stock before achieving this price target.

Technical analyst, Ashwani Gujral advised investors to purchase Balrampur Chini stock on declines in order to achieve a target of Rs 128.

The investors can achieve the target within a period of 3-4 weeks, and the strict stop loss for the suggested stock should be Rs 94.

The stock has great potential. It can still exhibit superb surge. The long term traders are recommended to hold the stock.

India’s benchmark index, Sensex closed down 85.83 points at 16,698.04, whereas Nifty ended at 5022.80 down by 26.50 points on Wednesday (April 23).

The markets yesterday were range bound and choppy with the majority of index stocks ended on a flat note. The banking and metal stocks led the declines, whereas Textile and Sugar stocks gained.
The overall market breadth was mixed as it experienced 1,426 advancements as against 1,297 declinations.

Stock market analyst, Vishwas Agarwal is of the view that BSE above 16,786 level is good for trading with a downside target of 16,555- 16,350 and an upside of 17,150- 17,350.

The 30-share BSE Benchmark Sensex, on Thursday (April 24), ended on a strong note after opening the day with a positive gap of 100 points tracing strong cues from other Asian counterparts.

The Sensex traded in a very narrow range on yesterday. It also touched an intraday low of 16,668.60. The overall market breadth was negative and volumes seen were not also very encouraging.

The BSE Sensex closed up 23.04 points at 16,721.08; whereas the broad-based NSE Nifty ended the day at 4,996.70, down 22.95 points.

BSE Midcap Index closed 0.88% lower and BSE Smallcap Index ended 0.67% up on Thursday.

Bharti Airtel has started another price war by reducing the STD and roaming costs for its subscribers. Market experts believe that the move from Telecom major to reduce its tariff by 40% will leave other operators with no option but to reduce their charges as well.

Angel Stock Broking has maintained BUY rating for Bharti Airtel. The 12-month price target for the stock is at Rs 1125.

Bharti reported a 14.4% growth on quarterly basis for the quarter ending March 2008. Bharti has reported a robust growth in subscriber numbers. The stock closed at Rs 927 on Monday after registering marginal gains. The stock has touched a 52-week high of Rs 1184 and a 52-week low of Rs 606 on NSE.

Public Sector banking services major, Union Bank of India has registered a 2.28 times increase in its net profit at Rs 521.13 crore for the fourth quarter ended March 31, 2008 as compared to Rs 228.58 crore for the same quarter in 2007.

While, the bank has shown a net profit of Rs 1,387.03 crore for the year ended March 31, 2008, as against Rs 845.39 crore during the previous fiscal. The total income of the bank increased to Rs 2,913.10 crore for the fourth quarter this fiscal from Rs 2,336.72 crore a year ago. Total revenue for the year ended 2008 has increased to Rs 10,534.27 crore from Rs 8,068.72 crore during last year.

This week, TopNews Stocks editor Neeta Aurora interviewed Technical Analyst Mohinder Kumar about his view on Stock Markets trends for the next six months. Below are the excerpts from the interview.

Neeta: Indian Stock markets faced correction in late January this year. What was your recommendation to clients?

Technical analyst, Ashwani Gujral is of the view that investors can buy Reliance Power stock to achieve a short-term target of Rs 460.

According to him, investors can purchase the stock on declines with a stop loss of Rs 400.

The investors can achieve the target within a period of 4-5 weeks. So they are advised not to sell the stock before achieving this price target.

Today, the company’s shares opened at Rs 420, as against its last closure at Rs 419.80 on Thursday (May 8), on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 599.0 and a low of Rs 303.45 on BSE.

Technical analyst, Ashwani Gujral has advised investors to purchase Shiv Vani Oil & Gas Exploration Services stock on declines in order to achieve a short-tern target of Rs 744.

The investors can achieve the target within a period of 5-6 weeks, and the strict stop loss for the suggested stock should be Rs 597.

The stock has great potential to go upside. It can still exhibit superb surge. The long term traders are recommended to hold the stock.

As per views of technical analyst Rajat K Bose, day traders can purchase Balrampur Chini stock on declines to achieve an intraday target of Rs 104.

If the stock market remains positive, the next target for the day will be above Rs above 107. The stop loss marked for the suggested stock is Rs 98.90.

Shares of the company, on Thursday (May 8), closed at Rs 101.60 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 3022179. The share price has seen a 52-week high of Rs 127.9 and a low of Rs 49.9 on BSE.

Technical analyst, Mathew Easow is of the view that investors can buy Webel SL Energy Systems stock to achieve a short-term target of Rs 374.

According to him, the stock can be purchased on declines with a stop loss of Rs 310.

The investors can achieve the target within a period of 6-8 weeks. So they are advised not to sell the stock before achieving this price target.

Technical analyst, Ashwani Gujral is of the view that investors can buy Hidustan Zinc stock to achieve a medium-term target that lies between Rs 865 to Rs 920.

According to him, investors can purchase the stock around 735 with a stop loss of Rs 650.

The investors can achieve the target within a period of 4-5 months. So they are advised not to sell the stock before achieving this price target.

Today, the company’s shares opened at Rs 741, as against its last closure at Rs 733.85 on Wednesday (May 14), on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 969 and a low of Rs 501 on BSE.

Technical analyst, Ashwani Gujral has advised investors to purchase Chambal Fertilizers stock around Rs 70 to achieve a target of Rs 88 within a week.

The strict stop loss for the suggested stock should be Rs 65.

The stock has great potential to go upside. It can still exhibit superb surge. The long term traders are recommended to hold the stock.

As per views of technical analyst VK Sharma, day traders can purchase IFCI stock around Rs 61.50 to achieve an intraday target of Rs 68.

If the stock market remains positive, the next target for the day will be above Rs above 70. The stop loss marked for the suggested stock is Rs 58.75.

Shares of the company, on Wednesday (May 14), closed at Rs 61.50 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 17235429. Current EPS and P/E stood at 13.39 and 4.74 respectively. The share price has seen a 52-week high of Rs 121.2 and a low of Rs 36.7 on BSE.

Stock market analyst Hitendra Vasudeo of stockmechanics.com has suggested traders to purchase Cairn India stock in today’s session.

According to him, the stock can be purchased above Rs 296 with a stop loss of Rs 292 to achieve an intraday target of Rs 307.

The stock could easily retest its next intraday target of about Rs 312, if the stock market remains positive.

Stock market analyst Hitendra Vasudeo of stockmechanics.com has recommended a ‘BUY’ on Het Airways stock with a target price of Rs 562 in today’s session.

Mr. Vasudeo said that interested day traders can purchase the stock above Rs 542 with a stop loss of Rs 530. If the stock market remains on positive track, the next target for the day will be above Rs 569.

Stock market analyst Hitendra Vasudeo of stockmechanics.com is of the view that day traders can buy Reliance Communications stock above Rs 599 to achieve an intraday target of Rs 614.

The strict stop loss for the suggested counter is Rs 590. If the stock market remains on positive track, the next target for the day will be above Rs 620.

Technical Analyst, Rajat K Bose is of the view that investors can buy Jayshree Tea and Industries stock to achieve a short term target that lies between Rs 180-210.

According to him, interested investors can purchase the stock around Rs 157 with a strict stop loss of Rs 152.

Shares of the company, on Wednesday (May 21), closed at Rs 162.35 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 939632. Current EPS and P/E stood at 9.57 and 16.96 respectively. The share price has seen a 52-week high of Rs 185 and a low of Rs 93.5 on BSE.

Technical Analyst, Rahul Mohindar of Viratechindia is of the view that investors can buy Tata Consultancy Services (TCS) stock to achieve a short term target that lies between Rs 1020-1030.

According to Mr. Mohidar, interested investors can purchase the stock on declines with a strict stop loss of Rs 925.

Shares of the company, on Tuesdaay (May 27), closed at Rs 966.60 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 410209. Current EPS and P/E stood at 46.07 and 21.36 respectively. The share price has seen a 52-week high of Rs 1254 and a low of Rs 730 on BSE.

Indian equities, on Thursday (June 19), ended the day on a weak note following its Asian counterparts and negative reactions in the US markets.

Asian stocks saw a negative trend, led by auto makers and technology companies influenced by US slow down and decline in the dollar value.

The Sensex ended the day with a loss of 334.32 points at 15,087.99, while the broad-based Nifty closed the day at 4,504.25, down 78.15 points.

Stock market analyst Vishwas Agarwal said that the support levels for the BSE Sensex are set at 15,150, 14,950, and 14,750.

Stock market analyst, Vishwas Agarwal warned the investors to stay away from the stock market as it is trading in a negative mood.

Mr. Agarwal strongly recommends the investors to adopt wait and watch policy.

Today, the 30-share index, Sensex, continued to trade weak and touched a low of 13731.54. Reality, IT and Banking stocks led the declines.

Midcap and Smallcap declined 0.81% and 0.74% respectively

At 10.57 am, the BSE Sensex declined 149.92 points at 13,956.66, while NSE Nifty stood at 4,173.00, down 18.1 points.

After opening positively on Thursday (July 31), Indian equities continued to remain volatile all through the day on account of F&O expiry and high inflation figures.

BSE Midcap and Smallcap index closed on a negative note after declining 0.24% and 0.21% respectively.

The majority of Asian stocks climbed up on Thursday, led by mining companies as oil rates surged over $ 4 per barrel on July 30, and metals advanced.

Stock market analyst Vishwas Agarwal said that the stock market is tradable with 14,555 and 14,786 target on the BSE above 14,350 level.

At the same time BSE below 14,150 and Nifty below 4,252, the stock market will be pessimistic.

On Tuesday (August 26), ADAG group stocks and a few banking stocks bettered the reaction during the second half, but still no clear indication of trend has appeared.

Technical analyst Vishwas Agarwal stated that some trading action is possible, on Friday (August 29), on the Bombay Stock Exchange (BSE) above the 14,150 level, as inflation numbers for the week ended Aug 16, 2008, came below hope in a surprising manner.

He also said that the upbeat mood in the international markets will help some recovery of the stock markets.

Stock market analyst Vishwas Agarwal said that the stock market is in safety zone above 14,786 level for traders with a target of 15,350, 15,555 and 15,786.

Regarding NSG meeting on nuclear contract to be held on September 4 and 5, Mr. Vishwas said that if the contract goes through, then the previously said level of 15,786 will be accomplished easily.

Stock market analyst Ashwani Gujral has maintained ‘buy’ rating on Orbit Corporation Limited stock with a short term of Rs 380 in 3-4 weeks.

According to Mr. Gujral, interested investors can purchase the stock above Rs 280 with a strict stop loss of Rs 250. If the stock market remains positive in the coming days, the stock pricing becomes more attractive, and reach above Rs 425 within the said time period.

Technical analyst Ashwani Gujral has maintained ‘buy’ rating on Housing Development and Infrastructure Limited (HDIL) stock with a short term target of Rs 415.

According to him, interested investors can purchase the stock above Rs 308 with a strict stop loss of Rs 275.

Today (Sep 04), the company’s shares opened at Rs 323.90 on the Bombay Stock Exchange (BSE), as against its last closure at Rs 325.85 on Monday (Sep 02). Current EPS & P/E ratio stood at 55.38 and 5.62 respectively. The share price has seen a 52-week high of Rs 1116.96 and a low of Rs 254.67 on BSE.

Technical analyst E Mathew has suggested investors to purchase Alstom Projects India Ltd (APIL) stock on declines in order to achieve a short-tern target of Rs 430.

The investors can achieve the target within a period of 3-4 weeks, and the strict stop loss for the suggested counter should be Rs 376.

The benchmark index, BSE Sensex, opened negatively on Friday (Sep 05) at 14,569.01 after losing 330 points triggered by worldwide indications and lower oil.

For the week ended on August 23, inflationary data declined for the second time in a row to 12.34%, as compared to 12.40% during the previous week because of fall in the prices of primary goods.

Indian stock markets are likely to remain range bound in today’s trading session.

After opening with a gain of 494.41 points, at 14,978.24 on Monday (Sep 08), the market traded in a range bound manner all through the day.

At last, the BSE Sensex ended the day at 14,944.97, up 461.14 points, after hitting a high of 15,107.01 and a low of 14,917.06. The broad-based NSE Nifty gained 130 points at 4,482.30 after touching a high of 4,558 and a low of 4,358.30.

Taking signs from weak Asian markets, the BSE Sensex opened with a negative gap of around 100 points at 14,852.20 on Tuesday (Sep 09).

The BSE, which plunged to 14,714.92 during the day, marked its closure at 14,900.76 after losing 44.21 points. It also touched an intra-day high of 14,998.32.

The Nifty, which touched an intra-day high of 4497.50 and an intra-day low of 4418.95, ended the day at 4468.70, down 13.60 points.

Indian equities continued their negative journey on Wednesday (Sep 10), as discouraging news poured in from world markets.

Metal, power, realty and PSU stocks suffered heavy selling action.
Capital goods and bank stocks managed to find modest support at lower
levels.

IT stocks went up. Some auto, FMCG and pharma stocks gained on
selective buying support. Mid-cap and small-cap stocks lost their way
after a fairly steady start and closed the day with sharp losses.

After opening with a gain of 107.79 points at 14,432.08, the 30-share index, BSE Sensex went down on account of heavy selling action witnessed in IT, real estate and banking stocks.

BSE Midcap and Smallcap lost 0.73% and 0.41% respectively.

On Thursday (Sep 11), the Sensex marked its closure after losing 338.32 points, whereas the NSE Nifty fell by 109.95 points.

Stock market analyst, Vishwas Agarwal stated that on the Bombay Stock Exchange (BSE) above 13,350, some trading upmoves up to 13,876 level, will be expected only on positive news from Fed meet in US.

If any encouraging news will emerge of this meeting, investors can expect short covering to happen after 2,000 points drop, but this relief recovery cannot be considered as a come back of bull trend, it’s just a relief recovery.

The 30-share index, BSE Sensex ended with marginal gains on Thursday (Sep 18) after Finance Minister P Chidambaram declared that the Indian banking industry was unaffected by the US crisis. 

After losing 550 points in the beginning, bulls took charge during the second half as worldwide markets regained after central banks across the world joined hands to defend against a credit crunch and injected funds into the economy. 

Finally, the Sensex ended the day at 13,315.60, up 53 points, whereas the wider Nifty of the National Stock Exchange closed at 4038 points, up by 0.75 per cent. 

The domestic benchmark indices surged over 5% on Friday (Sep 19) as foreign institutional investors (FIIS) turned net buyers after a week of huge selling pressure, tracking reaction in the worldwide markets that saw a complete turnaround from the previous day.

Brokers said that the majority of buying was seen in the index stocks.

The BSE Sensex, which opened positively at 13,763.83, up 448.23 points, on encouraging global cues, remained strong all through the day.

The Sensex continued to trade in the negative terrain on account of profit booking witnessed in frontline stocks such as real estate, banking and IT.

However, oil & gas stocks went up.

At 11.54 a.m., the 30-share index Sensex was trading down 104.28 points at 13,890.68. It also hit an intra-day high of 13,978.26 and an intra-day low of 13,721.42. 

The 30-share index, BSE Sensex, today (Sep 24), opened with a gain of 60.23 points at 13,630.54. Real estate, banking and power segments edged higher during the early trades.

In the previous day session, the Sensex closed 424.65 points down at 13,570.31, while the NSE Nifty dropped 96.15 points at 4,126.90.

Indian equities, today (Sep 25), opened positively and soon slipped into the negative zone. After trading negatively for few minutes, the index bounced back into positive and again fell into the negative to trade on a flat note. 

The stock index is presently trading in a volatile manner prior to September series F&O expiry. Moreover, the question regarding the fate of the US financial sector bailout plan will carry on disturbing the market reaction.

Indian stock markets opened on a dull note today (Sep 26), and continued to slip further because of massive selling by funds, sparked by failing trends in other Asian markets.

For the week ended September 13, the wholesale price index (WPI)-based inflation remained unchanged at 12.14%. However, inflationary figures during the same period of the last year were significantly lower at 3.51%.

After opening negatively at 12,178.17, down 417.57 points, the 30-share index BSE Sensex fell further to a two-year low of 12,153 on all-round selling by funds following refusal of the $700-billion plan by US House of Representatives.

In contrast, the National Stock Exchange (NSE) index Nifty lost 135 points at 3715 with all the heavy-weight stocks trading in negative zone.

Alex Mathew, head - research centre, Geojit Financial Services, said that the stock market, on Tuesday (Sep 30), recovered a lot from its lows on reports from the Finance Ministry that state run banking institutions do not have risky exposure, and the fundamentals of Indian economic system are really strong. 

Mr. Mathew said, “It is very interesting to note that US Chicago Board Options Exchange’s volatility Index has increased by 39% to 48.4% and finally closed at 46.7% yesterday.”

Prateek Agrawal, Head – Equities at Bharti AXA Investment is of the view that Indian Stock markets have bottomed out. There maybe a downside of 10- 15 % from current levels. Most frontline stocks are very attractively placed right now and investors can start putting their funds in companies with robust growth plans.

As per Mr. Prateek, the valuations look attractive and if the US Senate passes the rescue bill, the markets may witness a bounce-back. He expects markets to consolidate in range of 12,000 – 13,500.

Banking and Financial stocks are looking attractive. Mr. Prateek suggests investors to consider taking long position in banking majors and auto stocks.

Indian stock markets belled the day on a firm note on account of positive global signs and sharp rally seen because of short coverings in yesterday’s session (Oct 13). 

IT, realty, banking, metal and power sectors moved up sharply. 

Mid-cap stocks gained 2.96%, while small-cap shares surged 1.83% today.

Asian stocks zoomed, driving Japan’s Nikkei 225 stock average to its largest gain in the last 18 years, after the US and European authorities decided to buy equity stakes in banking institutions. 

The 30-share index BSE Sensex, on Wednesday (Oct 29), belled the day on a positive note on account of heavy buying action by funds on strong worldwide signals.

But, after staying high up in the positive zone for about half an hour, the stock market reversed trend and plummeted into negative in mid morning trade.

After witnessing a volatile session, Sensex finally closed marginally higher, due to settlement of October F&O series.

After opening with a loss of 33.11 points at 10,304.57, the 30-share index BSE Sensex continued to trade in a subdued manner.

IT stocks continue to languish in the red with sharp losses, and lost 6.12%, while realty, PSU, banking and FMCG stocks saw buying interest.

The BSE Midcap and Smallcap index gained 0.62% and 0.88% respectively.

At 12:59 p.m., the 30-share index lost 52.47 points at 10,285.21, after hitting a high of 10,387.19 and a low of 10,116.22.

IT, pharma and select realty, consumer durables and power stocks trade strongly while the benchmark BSE index Sensex continues to languish in the negative terrain with a sharp loss on account of heavy selling activity in Reliance Industries, Reliance Communications, Bharti Airtel, ACC, Tata Steel, SBI and Grasim Industries.

At 12:28 p.m., the Sensex lost 191.25 points 10,439.87, while the Nifty stood at 3087.30, down 54.80 points.

Indian stock markets have declined a lot during the last 10 months and capitalists have lost faith in the equities. But the golden rule of investing still remains unbroken, that in the long run companies with well-built fundamentals and talented management will always provide handsome returns.

The existing negative reaction has taken the rate of many shares much below their fair value. These shares cannot stay at such low levels and are expected to bounce back to somewhere closer to their fair value.

After a smart opening today, Indian equities slipped into the negative terrain due to heavy selling pressure in select IT, realty, auto and FMCG stocks.

However metal and consumer goods stocks gained ground. BSE MIdcap and Smallcap index rose 0.55% and 0.27% respectively.

At 10.50 a.m., the 30-share index Sensex lost 95.21 points at 8,644.03 after hitting a high of 8,854.81 and a low of 8,620.71.

Amid a cautious start, Indian equities continued to trade positively but on a flat note.

Global signals are fairly positive and there are expectations that the government will shortly declare a strong stimulus package to boost up the financial system.

Realty, consumer goods and banking stocks went up, whereas consumer durables and metal stocks turned down.

BSE Midcap and Smallcap index gained 0.65% and 0.61% respectively.

Networth Stock Broking has suggested a strong resistance for NSE Nifty in 3000-3100 range. US Stock markets ended positive and Asian markets are expected to open strong on Monday. Indian Stock markets may also open with a wide upward gap on Monday.

As per figures from exchange, stocks worth Rs 4.5 crore were sold by FII in cash market on Friday. Domestic Institutional investors sold stocks worth Rs 184 crore in cash market.

Network Stock Broking analysts believe 2510 and 2492 as a strong support level for NSE Nifty.

NSE Nifty gained further and has managed to gain 91 points compared to previous close. BSE Sensex gained 303 points.

Reliance Infra was major gainer with stock trading Rs 34 higher at Rs 566. The stock touched an intraday high of Rs 571.7 on BSE. Other gainers included HDFC, Reliance Communications, SBI, ITC, NTPC, L&T, Sterlite and ONGC.

Jim Walker of Asianomics feels that India will outperform. However, Jim expects Indian GDP to remain in range 3-5%. Jim also expects that there may be further sell off in Indian markets. The valuations will become attractive and will offer decent returns.

Tata Power touched an intraday high of Rs 705. The stock however declined from day’s high and was trading at 695.

Indian Stock markets gained further ground at 1 pm. The markets were trading lower an hour back as some selling was witnessed at higher levels. All sectors were trading higher today. While selling at higher levels has caused markets to slide, but some select counters are still holding strong.

Indian Stock markets have opened strong on Wednesday. NSE Nifty was trading 44 points higher at 2828 while BSE Sensex was up by 136 points at 9298. Tata Communications was among major gainers in todays trade. The stock was trading up by 7% followed by Sterlite, SAIL, DLF and Reliance Communications.

Tata Steel gained further ground. The stock was trading Rs 7 higher at 203. Reliance Industries was also helping BSE Sensex. The stock was up by Rs 27.

Among other gainers were Grasim, Wipro, Reliance Infra, GAIL, ICICI Bank, ABB, Satyam Computers, NALCO, Unitech, Suzlon Energy, HCL Tech, Ranbaxy Labs, Cipla, NTPC and Reliance Petro.

Indian Markets opened flat on Thursday. NSE Nifty was down by 3 points at 2926. BSE Sensex was marginally up at 10.07 a.m. IST. Volatility may be higher in days to come and markets will depend largely on International cues.

Reliance Communications was trading strong. The stock was up by nearly 8.8%. At NSE Reliance Communications touched an intraday high of Rs 249.55 and a low of Rs 232 during the early trading session.

Among major gainers were ICICI Bank (up by 2.7%), Sterlite (up by 4%), Zee Entertainment (up by 3.5%) and HDFC Bank (up by 2%).

Major losers included Technology stocks, Wipro, TCS, Satyam, Siemens.

The 30 share index, Sensex gained 409.84 points in the week ended Dec 19, 2008, while the broad based NSE Nifty surged 156.15 points during the same period.

On Monday, the benchmark index Sensex started the week strongly following worldwide signals and saw volatility all through the day. Realty and metal sectors were the major performers.

Indian equities opened weak today, (Dec 23), following disappointing worldwide shores prior to December F&O expiry.

Auto, consumer goods and metal stocks traded flat.

BSE Midcap and Smallcap index fell 0.35% and 0.20% respectively.

Asian stocks also dropped down as a smaller-than-forecast interest rate cut in China and an economic growth report in New Zealand fanned worries that a global recession is becoming deeper.

Indian stock markets continue to represent a weak outlook ahead of F&O expiry.

Huge selling action was witnessed across all sectors except BSE Bankex and PSU.

The 30-share-index BSE Sensex, today (Dec 24), belled the day negatively at 9,626.07, down 60.68 points, as against a drop of 2.43% on the previous working day.

BSE Midcap and Smallcap were also trading in negative terrain after losing 0.83% and 0.91% respectively.

Indian equities belled the day (Monday, Dec 29) on a weak note because of negative global cues.

Select FMCG, pharma, metal and oil stocks went up, while realty stocks slipped on selling pressure.

There were huge losses for a variety of stocks from auto, capital goods, information technology, power and banking sectors as well.

BSE Midcap and BSE Smallcap stocks remain quite subdued this morning.

At 10:26 a.m., the BSE Sensex, which opened with a small negative gap at 9318.86, stood at 9204.97, down 123.95 points.

After previous close at Rs 160.60, Stayam Computer Services is currently trading Rs 12 up at Rs 172.60 i.e. 7.47% up at BSE on Dec 31 at 12:01 pm.

The stock closed at Rs 160.70 yesterday (Dec 30), but it is currently trading Rs 12.25 up at 172.95 i.e. 7.62% up at NSE on Dec 31 at 12:11 pm.

The stock still has great potential to go up. It is advised to hold the stock.

Portfolio Manager, PN Vijay said reckons that above Rs 205, Satyam can touch Rs 217.

After opening the day positively, the 30-share index Sensex continued its positive run on the back of heavy buying activity witnessed in frontline stocks.

Metals, consumer goods and realty stocks gained ground.

All sectoral indices went up, while BSE Midcap and Smallcap index gained 1.61% and 1.66% respectively.

Today, the BSE Sensex started the day at 9,806.64, up 90.48 points, as against its previous closure in which it gained 182.64 points at 9716.16.

Indian equities welcomed the new year (2009) on a bullish note. Midcap and Smallcaps showed upbeat reaction all through the week.

The 30 share index, Sensex gained 629.3 points to 9,958.22 during the week, which ended on January 02, 2009. In contrast, the broad based NSE Nifty made 189.5 points to 3,046.75 during the same period.

During the week, Mid-cap stocks recorded 284.5 points to 3,391.18, while Smallcap shares zoomed 321.91 points to 3,870.45.

The Sensex lost more than 700 points on Wednesday (Jan 07) following some startling revelations made by B. Ramalinga Raju, the Chairman of Satyam Computer Services Ltd.

It came as disgusting news to market that Raju quitted after confession of fraud in company’s books.

All sectorial indices hammered badly and marked their closures on a negative note. Realty, oil & gas and IT were among the major losers, which fell 16.95%, 9.35% and 9.32% respectively.

Despite making some moderate recovery during the final hour of closing on Friday (Jan 09), the 30-share index BSE Sensex ended the week on a negative note.

Second line stocks saw heavy selling pressure. Metal and realty stocks were hammered badly on Friday.

For the week ended December 27, India’s benchmark wholesale price index (WPI), inflation declined to 5.91 percent as compared to 6.38 percent during the last week.

During the same period of the last year, the inflation was at 3.83%.

After trading sluggishly for the whole day, the 30-share index BSE Sensex closed the day (January 12) with a huge loss of 296.42 points at 9110.05.

In contrast, the broad-based Nifty closed at 2773.10, down 99.90 points, after touching an intra-day low of 2748.55.

Indian equities on Tuesday (Jan 13) ended the day on a negative note.

The BSE barometer opened weak following global cues, but better-than-expected results from technology giant Infosys turned out a good enough trigger for the stock market to make recovery after an early setback.

IT stocks outperformed, while banking, metal and oil & gas stocks went down.

Among the sectoral indices, BSE IT climbed 4.71%, whereas BSE Oil & gas, Bankex and Metal declined more than 1% each.  

After witnessing a huge rally yesterday (Jan 14), Indian equities belled the day on a weak note following negative global cues causing a massive sell-off.  

The 30-share index, BSE Sensex opened at 9,098.08, down 272.41 points from its last closure. After few minutes of trading, Sensex slipped below the 9,000 mark.

Realty stocks hit the most followed by information technology, metal and banking sectors. The annual inflation rate is likely to be announced later today.
 

Indian equities belled the week on a positive note in line with global peers.

Metal, oil and select capital goods, power segments edged higher this morning, while realty, pharma and IT went down.

BSE Midcap and Smallcap index gained 0.78% and 0.76% respectively as a host of stocks from these segments climbed on keen buying enquiries.

Asian stocks also gained led by higher commodity prices. US plans to shore up the world’s largest economy, a weaker yen boosted the positive sentiments.

Indian equities opened the day sluggishly following negative global signals.

Among the prominent losers this morning, realty, banking, metal and oil & gas stocks topped the list with sharp losses.

Auto, power, PSU, information technology, telecom, pharma and FMCG stocks were also down.

Mirroring heavy selling action, all the sectoral indices were trading in the red zone with heavy losses.

Indian stock market belled the day negatively after falling 2.45% during its last closure tracking depressing signs from worldwide shores sparked by fresh worries that the global banking crisis may be far from over.

The 30-share index, BSE Sensex, today (Wednesday, Jan 21) opened at 8,900 after losing 199.77 points.

Indian equities on Friday (Jan 23) belled the day on a flat note with negative bias tracking global signals.

After opening at 8,804.15, down 9.69 points as against its last closure, the 30-share index, BSE Sensex moved up in the positive terrain after a few minutes of trading in the negative.

Asian stocks fell, led by technology companies and commodity producers, after Sony Corporation predict its first twelve-monthly loss in 14 years and economists predicted China’s economic system will go down further.

After opening negatively on Friday (Jan 23), Indian equities managed to return into the positive terrain but fell into the red once again as investors turned watchful on account of weak global reaction.

In lacklustre trading, the 30-share index BSE Sensex lost nearly 140 points amid investors awaiting fresh signals from RBI’s quarterly credit policy review scheduled for Tuesday.

Indian stocks opened the day positively above 9,000 mark despite mixed global cues.

There are expectations that the index may see volatility in today’s session ahead of January F&O series expiry on Thursday.

Auto, banking and auto stocks gained the most.

Asian stocks opened on a mixed note as record quarterly loss at Nomura Holdings and profit estimates from Westfield Group and Boral renewed worry that the worldwide recession is rubbing out business earnings growth.

The Midcap barometer has moved up by 0.64%, while the Smallcap index has come up by 0.59%.

The Sensex continued to trade in the positive terrain on account of continued buying action witnessed across frontline stocks.

Auto, banking, FMCG, oil & gas stocks were the major gainers, while consumer durables went down. BSE Midcap and Smallcap index gained 0.48% and 0.68% respectively.

Indian stock market belled the day positively at 9,077.65 after gaining 73.57 points as against its last closure on Tuesday.

Equities opened on a firm note on the major Indian bourses today, following positive global sentiment ahead of January F&O expiry series.

Realty and banking stocks were among the most prominent gainers during the early trade. Metal, auto, capital goods and IT stocks have also recorded sharp gains.

Buying remained stock specific in FMCG and pharma stocks, while power and oil stocks remained subdued.

Indian equities, which ended positively on Tuesday (Feb 03), belled today’s session on a higher note tracking global market trends and on expectations of an US economic stimulus plan.

The 30-share index, BSE Sensex opened after gaining 76.90 points, at 9,226.20.

Heavy buying interest has emerged in the majority of segments with metal, banking and capital goods leading the gains.

The Bombay Stock Exchange (BSE) benchmark Sensex closed the week strongly on account of strong global signals amid expectations of more sops and stimulus plans in the forthcoming interim budget to be declared on February 16.

Heavy buying activity seen across refinery, metal and bank stocks assisted Sensex to make a hefty gain of 210 points (up 2.31%) to end at 9300.86.

BSE Midcap and Smallcap index rallied smartly and rose 1.43% and 1.05% respectively.

Indian equities, on Friday, maintained an upbeat momentum all through the day, and closed strongly, because of positive global signals, backed by firming trends of Asian markets.

The Sensex closed at 9.634.74, up 168.91 points after touching a high of 9,695.59 and a low of 9,540.60. In contrast, the broad-based NSE Nifty gained 55.30 points at 2,948.35 after hitting a high of 2,969.75 and a low of 2,896.85.

BSE Midcap and Smallcap index rose 1.51% and 0.62% respectively

Indian stock markets opened strong as the central bank slashed the repo and the reverse repo rate by 50 basis points to 5% and 3.5% on Wednesday.

The 30-share index, BSE Sensex belled the day above 8,500 mark at 8,535.03, up 88.54 points, as against its last closure in which it closed with a gain of 19.20 points (0.23%).

Among sectoral indices, the major gainers list included BSE Realty, Metal and Bankex.

Indian equities on Monday (March 09) ended the day sluggishly on account of continued selling pressure, global weakness as unabated fears over further slump of US and European financial systems continued to weigh down investors response.

Realty, FMCG and realty stocks were the major losers of the day. BSE Realty, which was down by 3.21%, remained top losers among sectoral indices.

The Sensex rallied around 5% on Friday to register its biggest increase during the last three months on account of hopes for a recovery in the battered US banking system boosted investor confidence throughout the world.

After rallying for three successive days, the Sensex, on Tuesday (Mar 17), ended the day on a negative note followed by banking, IT and oil & gas stocks.

Among the BSE Sectoral indices BSE IT index remained the top loser, the index declined 2%. Among the other major losers were BSE Bankex index (down 1.6%), BSE Oil & Gas index  (down 1.3%) and BSE Teck index (down 1.2%).

After opening at 8,942.01, down 1.53 points, BSE Sensex remained lackluster all through the day. It also hit a high of 9,024.12.

Techncal analyst Anand Rathi maintained ‘buy’ rating on Reliance Communications (RCom) stock with a long term target of Rs 260.

According to Mr. Rathi, interested investors can buy the stock with a strict stop loss of Rs 150.

Today, the company’s shares opened at Rs 170, as against its last closure at Rs 168.75 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 8.36 and 20.47 respectively. The share price has seen a 52-week high of Rs 608.85 and a low of Rs 131.35 on BSE.

Stock market expert  has maintained ‘Buy’ rating on Unitech stock to achieve an intraday target of Rs 36.50.

According to him, day traders can buy the stock around Rs 34 with a stop loss of Rs 33.50.

Shares of the company, on Monday (March 30), closed at Rs 33.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 5.62 and 6.25 respectively. The share price has seen a 52-week high of Rs 338 and a low of Rs 21.80 on BSE.

Nirmal Bang Research is bullish on Bharti Airtel and maintained ‘Buy’ rating on the stock to achieve a target between Rs 710-730 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 630.

Shares of the company, on Monday (April 06), closed at Rs 659.85 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 39.31 and 15.98 respectively. The share price has seen a 52-week high of Rs 950 and a low of Rs 484 on BSE.

The stock also performed well on Monday, and if it maintains above 675, then a big up move is expected.

Lot of action was in few counters but considering the whole market the proceeds were on the minor side around Rs 49,500 crore on the F&O space as against Rs 56,000 crore during the previous week, so just about 15 per cent decline in turnover.

According to stock market expert Narendra Nainani, looking at the Nifty futures, which marked their closure provisionally around 5 or 6 points premium but intra-day they had descended into discount so from the lows of the day stock market has recovered and investors could have seen some fresh long positions returning into the Nifty.

Nirmal Bang has maintained its ‘Buy’ rating on Essar Shipping Ports & Logistics stock to achieve a target between Rs 48 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 42.

Shares of the company, on Monday (April 06), closed at Rs 40.30 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 4.03 and 10.45 respectively. The share price has seen a 52-week high of Rs 187.85 and a low of Rs 19.40 on BSE.

The report also said that a big move is expected if the stock maintains above 42.

Nirmal Bang Research is bullish on Balaji Telefilms and maintained ‘Buy’ rating on the stock to achieve a target between Rs 51-57 within 1-5 days.

Traders can buy the stock with a stop loss of Rs 35.

Shares of the company, on Wednesday (April 08), closed at Rs 39.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 10.02 and 4.12 respectively. The share price has seen a 52-week high of Rs 221.70 and a low of Rs 24.80 on BSE.

Nirmal Bang has maintained its ‘Buy’ rating on Adlabs Films Limited to achieve a target between Rs 230-270 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 182.

Shares of the company, on Wednesday (April 08), closed at Rs 198.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 789.50 and a low of Rs 130.15 on BSE.

The report also said that a big move is expected if the stock maintains above Rs208.

Despite the global downturn having delivered harsh blows to the industrial output in India - with the figures dropping for the third time in five months during February to 1.2 percent, and a rather drab March quarter - analysts are hopeful that the industrial revival might just be round the corner!

Marico (MARICO), incorporated on Oct. 13, 1988, is among the leaders in the fast moving consumer goods (FMCG) and services sector. Earlier known as Marico Foods, it got its present name with effect from Oct. 31, 1989. Marico holds a leadership position in the Indian FMCG space. Marico's Products and Services in Hair care, Skin Care and Healthy Foods reach out to more than 20 countries in the Middle East, Asian sub-continent, Australia and USA. Marico is a branded player in Beauty and Wellness solutions.

Incorporated in 1959 as Food Specialties, Nestle India Limited was promoted by Nestle Alimentana, Switzerland. Its first unit at Moga (Punjab) started in 1962 for manufacturing milk products, infant milk food and weaning cereals, culinary products and beverages. The second factory at Choladi, Tamilnadu to produce beverages (tea) was set up in 1967. To part finance this project company went public in the year 1968. The third plant at Nanjangud, Karnataka, set up in 1989, manufactures instant coffee and health beverages. Company entered the chocolate business introducing Nestle Premium chocolate in 1990.

Company is the largest manufacturer of cigarettes in India. It is a member of BAT Group of UK. ITC is rated among the World's Best Big Companies, Asia's 'Fab 50' and the World's Most Reputable Companies by Forbes magazine, among India's Most Respected Companies by BusinessWorld and among India's Most Valuable Companies by Business Today. ITC ranks among India's "10 Most Valuable (Company) Brands", in a study conducted by Brand Finance and published by the Economic Times. ITC also ranks among Asia's 50 best performing companies compiled by Business Week.

Products & services-

In spite of the recent drop in gold prices in India to slightly over Rs 14,200 per 10 grams, most gold dealers opine that buyers are still not tempted enough to go in for substantial purchases because they are possibly waiting for the prices to fall further.

A majority of market players project that waiting for a couple of weeks more might turn out to be beneficial for prospective buyers. Though gold has fallen by over 12 percent in the past month-and a-half, largely due to a stronger rupee, there is still scope for correction in terms of prices of the precious metal, since buying gold in full-swing for the forthcoming wedding season is yet to kick off.

Nirmal Bang Research is bullish on State Bank of India (SBI) and maintained ‘Buy’ rating on the stock to achieve a target of Rs 1265.

Traders can buy the stock on dips with a stop loss of Rs 1240.

Shares of the company, on Monday (April 13), closed at Rs 1217.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 130.14 and 9.51 respectively. The share price has seen a 52-week high of Rs 1840 and a low of Rs 894 on BSE.

Nirmal Bang has maintained its ‘Buy’ rating on Alok Industries to achieve a target of Rs 19.40 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 13.

Shares of the company, on Monday (April 13), closed at Rs 198.25 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 2.83 and 5.50 respectively. The share price has seen a 52-week high of Rs 66.34 and a low of Rs 11.33 on BSE.

Nirmal Bang has maintained its ‘Buy’ rating on Bharti Airtel to achieve a target between Rs 725-745 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 705.

Shares of the company, on Wednesday (April 15), closed at Rs 685.10 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 39.31 and 12.47 respectively. The share price has seen a 52-week high of Rs 950 and a low of Rs 484 on BSE.

Nirmal Bang Research is bullish on HDFC and maintained ‘Buy’ rating on the stock to achieve a target of Rs 1910 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 1825.

Shares of the company, on Wednesday (April 15), closed at Rs 1771.55 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 81.46 and 21.23 respectively. The share price has seen a 52-week high of Rs 2950 and a low of Rs 1116.10 on BSE.

Nirmal Bang has maintained its ‘Buy’ rating on Ranbaxy Laboratories to achieve a target between Rs 225-240 within 1-5 days.

Interested traders can buy the stock on dips with a stop loss of Rs 210.

Shares of the company, on Wednesday (April 15), closed at Rs 199.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 613.70 and a low of Rs 133.15 on BSE.

Nirmal Bang Research has suggested investors to 'sell' ONGC stock as there are full chances of a downward trend in this stock in the coming days.

According to report, investors can sell the stock with a strict stop loss of Rs 880 to achieve a target that lies between Rs 790-740.

Today (April 17), the stock opened at Rs 860, as against its last closure at Rs 851.75 on the Bombay Stock Exchange (BSE) on Thursday (Feb 16). Current EPS & P/E ratio stood at 76.03 and 11.47 respectively. The share price has seen a 52-week high of Rs 1124 and a low of Rs 538.10 on BSE.

While commenting on the market performance of the day, Alex Mathew head, research centre - Geojit Financial Services stated that the stock markets belled the day in green on account of optimistic prompts coming in from the worldwide markets and dealt robustly all the morning session but capitalists cashed in on the gains produced during the morning session that occurred in the noon session earlier than the weekend and marked its closure in green but off the days` low.

Nirmal Bang Research is bullish on Deccan Chronicle Holdings Ltd (DCHL) and maintained ‘Buy’ rating on the stock to achieve a target of Rs 69 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 52.

Shares of the company, on Monday (April 20), closed at Rs 59.80 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 5.50 and 11.27 respectively. The share price has seen a 52-week high of Rs 160 and a low of Rs 25.50 on BSE.

Nirmal Bang has maintained its ‘Buy’ rating on Kingfisher Airlines Limited to achieve a target of Rs 47.50 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 34.90.

Shares of the company, on Monday (April 20), closed at Rs 38.80 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 158.50 and a low of Rs 22 on BSE.

Air France-KLM is making discussions with Kingfisher and Jet Airways in order to serve up Indian secondary markets.

In its latest research report, Nirmal Bang, an equity research firm, has maintained ‘Buy’ rating on Kalindee Rail Nirman Engineers stock, which will give good returns within 4-5 trading session.

The report further stated that, if the counter is successful to breach 117, then it will create a huge breakout.

Nirmal Bang Research has advised its clients to hold the scrip with a target price of Rs 125-137.

In addition, the firm has suggested a support level for the scrip between Rs 91-92.

In his report, Nirmal Bang has announced that the immediate short-term support for nifty is at 3,310 – 3,230 region and a fall below this level will put more pressure and nifty can decline upto 3,155 – 3,110 in the coming days.

The report also said that this could be the best level for the medium term investors to make entry.

Me. Bang also said that presently the stock markets are trading in a very tight range of 3300-3420, a strong move beyond these range on the either side will give an obvious route.

India's first home-grown wind technology company Suzlon Energy, has posted a net loss of Rs 52.3 crore for the nine-month period ending December 31, 2008, against a net profit of Rs 565.28 crore in the year-ago period.

However, the company's total income nearly doubled to Rs 17,499.2 crore from Rs 8,924.3 crore during the same period.

The energy major's profit before tax declined to Rs 272.54 crore in the nine-month period ended December 31, 2008, from Rs 689.63 crore in the year-ago period.

Nirmal Bang Research is bullish on Bombay Dyeing & Mfg Company Ltd and maintained ‘Buy’ rating on the stock to achieve a target between Rs 225-240 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 178.

Shares of the company, on Tuesday (April 21), closed at Rs 193.60 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1065 and a low of Rs 110 on BSE.

The structure looks very positive, so buy the stock and hold, if it maintains above Rs 199, a big move is expected.

Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Television Eighteen with a target price of Rs 115-130.

According to experts at Nirmal Bang, interested traders can buy the stock on dips with a stop loss of Rs 81.

The scrip has very strong support at Rs 100.

Technical Analyst, Vijay Bhambwani said that the stock markets on Tuesday belled the day on a pessimistic note, and closed with losses, discounting the overseas signals and the credit plan declaration in the bargain.

The 30-share-index BSE Sensex closed with approx 0.75 % losses while the banking and midcap stocks dropped sharply owing to bull relaxing.

Indian Stock markets are feeling pressure for past three trading sessions. Nirmal Bang Securities has suggested two sell calls and one buy call for traders.

BHEL, The RSI has given a fresh sell signal, if the stock trade below its 13-day EMA of 1575, then sell with a stop-loss of 1630. Target price for BHEL is 1505-1440.

Moser Baer, Buy on dip and hold, huge volumes witnessed today, strong support 58-54. The stock has a major resistance at Rs 67. Buy with Target price of 69-78 in 1-5 trading sessions.

Nirmal Bang Research is bullish on Moser Baer (India) Limited and maintained ‘Buy’ rating on the stock to achieve a target between Rs 69-78 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 58.

Shares of the company, on Wednesday (April 22), closed at Rs 62.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 201.30 and a low of Rs 41.10 on BSE.

According to Nirmal Bang report, the structure looks very positive, so buy the stock and hold, if it maintains above Rs 67, a big move is expected.

Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can sell BHEL with a target price of Rs 1505-1440.

According to experts at Nirmal Bang, interested traders can sell the stock below its 13-day EMA of 1575, with a stop loss of Rs 1630.

Nirmal Bang Research has maintained ‘Sell’ rating on Reliance Capital stock to achieve a target that lies between Rs 475-430.

According to research report, investors can sell the stock with a strict stop loss of Rs 517.

Today (April 23), the stock opened at Rs 512.25 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 41.65 and 12.05 respectively. The share price has seen a 52-week high of Rs 1620 and a low of Rs 274.20 on BSE.

Nirmal Bang is of the view that investors should sell the stock today in order to avoid loss.

Tushar Poddar of Goldman Sachs expects growth recovery by the second half of FY10 in spite of the overhang of election and the fiscal deficit as fundamentals and macros are getting better.

Poddar also said that that as compared to the first half of CY09, the second half of CY09 would have more opportunities.

Tushar agrees with the central bank's growth estimation, and sees India's FY10 growth at 5.8%.

He said that if the banking institutions carry on slashing lending as well as depository rates, investors should see an uptick by the second half.

Idea Cellular, the telecom arm of the Aditya Birla group, has posted a net profit after tax of Rs 274.26 crore for the quarter ended March 31, 2009 whereas the same was at Rs 276.69 crore for the quarter ended March 31, 2008.

Further, the company has posted total income of Rs 2936.49 crore for the quarter ended March 31, 2009, against Rs 1985.26 crore for the quarter ended March 31, 2008.

Many investors are now-a-days scouting for good opportunity in the market, so that they can enter at current level and reap good profits in the long run.

Praj Industries is looking good for long term investors. The zero-debt Praj is basically an engineering company focusing on the distillery industry. It markets its products and services to more than 35 countries and is world's single largest supplier of molasses based distillery technology, plant and equipment.

The US $6.7 billion Mahindra Group is among the top 10 industrial houses in India. Mahindra is the market leader in multi-utility vehicles in India. It made a milestone entry into the passenger car segment with the Logan. Mahindra & Mahindra is the only Indian company among the top tractor brands in the world. The Group has a leading presence in key sectors of the Indian economy, including the financial services, trade, retail and logistics, automotive components, after-market, information technology and infrastructure development.

Maruti Suzuki India Limited, a subsidiary of Suzuki Motor Corporation of Japan, is the leader in the Indian car market with 54% market share. The company has State? of? the? art Manufacturing Facilities at Gurgaon located some 25 km south of New Delhi & has also commissioned a plant at Manesar.

Maruti Suzuki has a sales network of 681 state? of ?the? art showrooms across 454 cities, with a workforce of over 15000 trained sales personnel.

According to analysts' reports, as a result of an ascend in soybean and soyoil markets on CBOT - Chicago Board of Trade CBOT - during electronic trade, and steady Malaysian palm oil markets, Indian soyoil and soybean futures mounted sharply for second successive day on Monday.

Due to the strong global cues, June soybean contract NSBM9 on the National Commodity and Derivatives Exchange (NCDEX) rose to Rs 2663.50 per 100 kg on Saturday, and to Rs 2,839 per 100 kg on Monday morning; with the domestic as well as global soybean supply being 'tight.'

The benchmark indices ended on a very strong note on the first day of the May series on the back of positive Asian cues and huge institution buying. The benchmark indices saw biggest single day gain since Oct 31, 2008.

Nirmal Bang has maintained ‘Buy’ rating on IDFC stock to achieve a target of Rs 93 within 1 to 5 days.

Interested traders can buy the stock on dips with a stop loss of Rs 77.

Shares of the company, on Monday (May 04), closed at Rs 85.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 182.55 and a low of Rs 44.15 on BSE. Current EPS and P/E of the stock stood at 5.68 & 14.96 respectively.

According to Nirmal Bang, the stock has seen lots of gains in the past few weeks, so buy the stock, it will prove that it’s definitely a strategic stock.

Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Punj Lloyd stock with a target price of Rs 154.

The company is presently trading around Rs 128 level.

According to experts at Nirmal Bang, the stock may face some resistance around Rs 135 levels, but after that it can even have more upward movement.

The scrip has very strong support at Rs 114.

In its latest research report, Nirmal Bang, an equity research firm, said that GE Shipping, which presently stuck in a band of 213-230, can give good returns within 4-5 trading sessions.

The report further stated that, if the counter is successful to breach 230, then it will create a huge breakout.

Nirmal Bang Research has advised investors to hold the stock to achieve a target price of Rs 248-265.

Furthermore, the firm has suggested a support level for the scrip at Rs 205 and resistance level at Rs 229.

Indian Stock Market opened low on Tuesday as there was selling in blue-chip counters including HDFC, Reliance, ITC and M&M. US Stock markets closed positive on Monday as investor sentiment was strong on back of positive news.

Technical experts from different Technical houses and brokerage firms have different view about the stock markets.

CLSA suggests that stock market may see a pullback as many stocks are in overbought territory. They are also suggesting investors to book some profits at higher level.

Nirmal Bang has maintained 'Buy' rating on Praj Industries stock to achieve a target of Rs 87 within 1 to 5 days.

Interested traders can buy the stock on dips with a stop loss of Rs 68.

Shares of the company, on Tuesday (May 05), closed at Rs 72.65 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 221.90 and a low of Rs 45.10 on BSE. Current EPS and P/E of the stock stood at 7.07 & 10.97 respectively.

According to Nirmal Bang, the stock has seen lots of gains in the past few weeks, so buy the stock, it will prove that it's definitely a strategic stock.

Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Moser Baer stock with a target price of Rs 85.

The company is presently trading around Rs 72 level.

According to experts at Nirmal Bang, the stock may face some resistance around Rs 78 levels, but after that it can even have more upward movement.

The scrip has very strong support at Rs 178.

Shares of the company, on Monday (May 04), closed at Rs 127.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 201.30 and a low of Rs 41.10 on BSE.

The company reported a Net Sales of Rs 454.73 Crs in FY 09 as against Rs 265.72 Crs in FY 08 an increase of 71.1%. The results were in line with our expectation. We had projected Net Sales of Rs 491.4 Crs in FY 09.

The growth in revenue was mainly backed by strong order book. The company had an opening order book of Rs 450 Crs during FY 09 and booked Rs 608.7 Crs of fresh order during the year.

The company reported an EBIDTA of Rs 33.93 Crs in FY09 as against Rs 19.39 Crs in FY08 an increase of 75%. We had projected an EBIDTA of Rs 37.02 Crs.

The markets showed immense strength on the back of more than 9% growth in March ending on a positive note gaining as much as 17.46% on Sensex & 15% on Nifty during the April month.

The rally was driven by strong FII inflows in the month of April coupled with quarterly & yearly results which were better than expected. Firm Global markets were amongst the other driving factors behind the huge rally which also saw Midcaps gaining 18.86% & Small caps gaining 21.38% both outperforming the benchmark indices.

Sector Analysis

For the month of April 2009 the major gainers in BSE 500 were Reliance Industrial Infrastructure Ltd, Anant Raj Industries Ltd, Jai Corp Ltd, Essar oil Limited and BF Utilities. The major losers were Akruti City, Lakshmi Energy foods Ltd, KSK Energy Ltd, Divis Laboratories and Provogue (India) ltd.

Reliance Industrial Infrastructure Ltd surged 150.38 % over the last one-month period on rumors that it might be merged with another unlisted group company, which owns a 1440-km gas pipeline in the country. However the company has denied the rumors.

Akruti City was down by 43.49% in the month of April 09. The stock is continuously falling due to actions taken by SEBI.

Lakshmi Energy foods limited decreased by 22.90% in the month of April 09. Net profit of Lakshmi Energy & Foods declined 38.51% to Rs 18.27 crore in the quarter ended March 2009 as against Rs 29.71 crore during the previous quarter ended March 2008. Sales declined

51.15% to Rs 151.32 crore in the quarter ended March 2009 as against Rs 309.79 crore during the previous quarter ended March 2008.

During April month G-20 nations agreed to triple the money the IMF can lend to rescue crisis-stricken nations, to $750 bn. The agency will also get another $250 bn in Special Drawing Rights, an overdraft facility for its 185 members. The World Bank and other lenders to poor nations will receive another $100 bn, and a further $250 bn will be devoted to trade finance, the G-20 decided.

The April series has been an outstanding month for the benchmark indices, as huge buying was witnessed across the board. In April we saw nifty crossing its long term 200-DMA which in indeed is a very positive sign for the Indian markets.

Global cues remained mixed as we saw Asian, European and US markets trading lower on fears of the Swine flu and renewed credit concerns.

Financial stocks were also volatile after the Federal Reserve asked biggest bank in the US to conduct stress test to determine how they performed.

Commodity space has been quite vibrant during the last month with base metals and energies complex leading the way and precious metals losing their shine. The lag effects of global stimulus packages were quite evident in the bull run of commodities.

The major driver of gold in the first quarter of 2009 was the ETF's demand, which remained subdued and we saw redemptions taking place from the largest gold ETF i. e., SPDR Gold Trust. After Akshaya Tritiya, the demand from the Indian gold market was seen waning and stability in financial market is likely to weigh on gold prices.

We recommend selling of gold on rallies; on Comex we feel it might not be able to breach the crucial resistance of $918/oz. The outlook for the fortnight is to sell gold on rallies with a downside target of $865/oz and Rs 14150/10gm.

Base Metals: Most of the metals settled in the negative territory following the outbreak of Swine flu across the globe, an add-on to the deteriorating economic scenario.

The overall scenario turned gloomy on back of reports released by various international groups indicating dwindling demand and cut down in production. Lead took the highest hit, shedding 13.71% during the fortnight, followed by copper, which lost 8.82% during the same period.

Copper is moving in the Uptrend in the medium term.

Copper is expected to move up from the support line at 220.

Copper can move up to 260-65, if crosses the earlier high at 242 levels.

One should maintain a stop-loss of 208 in the buy position in copper at 215-20 levels, targeting 242 and 265.

Market News:

Copper production at Chile's Escondida mine, the world's largest, slumped 45% in the first quarter from a year ago to 156,400 tonnes, part-owner Rio Tinto Ltd PLC said on Wednesday.

NII for the quarter March 09 increased by 11% YOY and decreased by 18% QOQ. NII for QOQ decreased on account of increase in interest expenditure, due to high cost of deposits. NII for for year FY09 increase by 33.6%. Going forward management had said that cost of funding will will come down post June.

Profit before provisioning increased by 2.3 %YOY and increased by 7% QOQ. Increase in profit for QOQ was on account of increase in other income and decrease in operating expenses of the bank.