Stock Market in Pressure

Indian stock sell next day his back on the clock at 14:16 off in European markets pulled back toward less. Nifty to remain the benchmark against 5500 levels. Technology, FMCG, energy, telecommunications, cement, Anil Dhirubhai Ambani, to reside in personal financial and metal company "stock market pressure".

French CAC, German DAX and UK FTSE European markets such as Egypt was concerned about one percent. There between government troops and demonstrators President Hosni Mubarak, after which increases are struggling to remove. Were anti-government riots in more than 100 people were killed. Egypt controls the Suez Canal, oil and Asian goods to Europe for the supply was passed.

But ONGC, Siemens, BHEL, Dr Reddy's Laboratories in the continued sale, Reliance Industries, Hindalco, PNB, M&M and L&T has supported all the benchmark.

Blackstone Group Punita Kumar Sinha said the Indian market was not just to their lowest point in the evaluation provides an opportunity for further improvement.

Kumar, India and Indonesia said that she was seeing a steady outflow. He seems to Exchange Traded Funds and private investors are pulling money, as much support for the collapse of the Indian market trend is up.

However, Lalit Thakkar, MD organization, Angel Broking said that the Nifty bottoming out can be to a level of 5.400 to 5.350. He believes that interest will come from retail investors.

The 30-share BSE Sensex fell 221 points to 18,174 and the 50-share NSE Nifty slipped 51 points to 5,461. The BSE Midcap and Smallcap indices too declined 1.4% each.

Heavyweights TCS, ITC, Bharti Airtel, Infosys, HDFC and NTPC were down 2-3.6%. Jaiprakash Associates tanked 5% and Sterlite Industries lost 4%.

HDFC Bank, Sun Pharma, went DLF, Tata Motors and Tata Power down 1.5-3%.

Midcap space, Cholamandalam, Jammu and Kashmir Bank, Coromandel Intl, GSFC and collected Supreme Inds 3-6%, while 13% fell Mindtree. Jain Irrigation, Agro sanwaria, IVRCL Infrastructure and Kingfisher Airlines have lost 6-11%.

Nifty Below 5450

Nifty a weak note, under the leadership of the last meeting in January began to sell off in almost every heavy weight. U.S. markets fall at the back drop for the fourth consecutive day, tracking the tension in Egypt. Nifty has slipped below the 5450 level of panic selling and the tip was below 5400 points.

Investors are more cautious use of the Suez Canal, oil and Asian goods to Europe's growing important clashes between government forces and protesters demanding the removal of President Hosni Mubarak.

In frontliners, Maruti Suzuki (down 4.5% number -), Bharti Airtel, Reliance Communications, Jaiprakash Associates, Sterlite Industries, Tata Steel, Hero Honda, Tata Motors, BPCL, Sun Pharma, Wipro, DLF (number) L &T , TCS, Infosys, SBI, ICICI Bank and Kotak Mahindra Bank witnesses selling pressure was.

Siemens, however, jumped 16% after the open offer. Company bucks to buy an open offer of shares to 19.82% 930/share. Promoters currently hold 55% stake. Motion 25 is open and closed on March 13 in April

Dr. Reddy's Laboratories gained 3.3%, as it has received U.S. court approval to sell Allegra D24, CNBC TV 18-NW18 cited reports.

ONGC was 1.7%, as 7083 net profit of Rs 131 crore reported an increase in%

At 9:17 hours IST, the 30-share BSE Sensex was trading at 18,144, down 251 points and the 50-share NSE Nifty was at 5,449, down 63 points. 

The Nifty Junior fell 234 points to 10,620 and CNX Midcap lost 147 points to 7,733. About 107 shares advanced as against 663 shares declined on National Stock Exchange.

Midcap and smallcap space:


Mindtree lost 12% Ashok Soota retired company directors. Soota 1999 Mindtree the establishment.

Aban Offshore was the 2% and 8% Exide. Lupin, Ashok Leyland, United Phosphorus, S Kumar, REC, Apollo Tyres, South Indian Bank, Delta Corp., Best Galva and TVS Motor fell 3-5%.

10 things you should know before the opening bell

The turmoil in Egypt is a key concern for global markets at the moment the government imposed curfew was ignored for a second night and military jets and helicopters, some bearing the presidential seal, flew low over the centre of the city in a show of strength. Protesters, meanwhile, turned to the army and to a retired diplomat to maintain momentum in efforts to unseat Hosni Mubarak. Thousands gathered in Cairo's Tahrir Square to protest. More than 100 people have died in the turmoil so far

The US markets too closed near session lows on Friday as the civil unrest in Egypt sparked widespread selling. The S&P 500 was down nearly 2% and the Dow broke an eight-week winning streak.

10 things you should know before the opening bell

* And in economic data, the University of Michigan consumer sentiment index came in at 74.2 at the end of January. It was better than a preliminary reading of 72.7 and a median forecast of 73.2.
* The US commerce department said that the gross domestic product grew at an annual rate of 3.2% between October and December, outpacing the growth in Q3.
* The personal income for December is expected to receive a boost of 0.4%. November saw a rising figure of 0.3%.
* The Chicago PMI for January is expected to come at 65. The PMI index for December came at 68.6.

The European markets too were under pressure on Egyptian concerns. A weaker than expected overall GDP in US also affected sentiments despite a pickup in US consumer spending.

In the currency space the dollar rallied as investor demand for safer havens increased as a result of the crisis in Egypt. Crude prices too soared more than 4% in the face of growing unrest in Egypt.

And back home, it was a free fall for markets on Friday as the nifty breached important support levels of 5620 and 5550. The broader markets too tumbled and market breadth was a dismal.

Expect some action in the oil stocks as RS Sharma of ONGC says that he is confident that the Cairn-Vedanta deal will be resolved shortly. He adds that the government has to protect ONGC's rights and that the oil major is per se not against the Cairn-Vedanta deal.

Meanwhile, ONGC numbers came out after market hours on Friday---the company has posted numbers above estimates as income from gas pool account surprised on the upside. The lower DD&A was also supportive. However, auto major Maruti's Q3 results have come in below expectations. Margins were under pressure due to higher employee costs and higher royalty pay-out.

Some key earnings to watch for today include NTPC, Sun Pharma, DLF. a host of midcap banks like Andhra Bank, Canara Bank and Central Bank will also declare results.

Telecom stocks could be in focus this morning as telecom minister Kapil Sibal announced the broad parameters within which the new telecom policy will be formulated. Plans for a new spectrum policy are also on the anvil.

Recommendations: January 31 - February 04, 2011

Company	Recommendation	CMP (Rs.)	Target Price (Rs.)	Stop Loss (Rs.)
ACCLTD Feb Futures	Short	981.1	900	1030
VOLTAS Feb Futures	Short	200.2	180	210
JAIASS Feb Futures	Short	87.5	80	92

NOTE : This are just  technical views on market & stocks we are responsible for any kind of buy or sell. First analaysis the market then decide.

Will market pull back........

It was a scary session for the market. The sell-off across sectors during the latter part of the day sent the Nifty well below 5500-mark for the first time since September 6, 2010. However, it closed above that level. The 50-share NSE Nifty closed at 5512.15, down 92.15 points or 1.64%. The 30-share BSE Sensex slipped 288.46 points or 1.54% to settle at 18,395.97.

So far the Nifty is still above that September break-out level, 5,400, but there are fears among the investors that this is not just a bull market correction, but runs very close to becoming an eight-nine months or one year kind of a bear market situation.

How deep could be the downside?

Karvy Stock Broking sees further downside. “It is clearly selling by these big boys, otherwise the market wouldn’t have come down like this. We are in for a bearish move at least for while longer. We could see some more cuts from the current levels, approximately either 6-8%, hopefully.

Manish Shah, Head Technical Analyst, Fortune Financial Services (India) Limited also expects the markets to go down from the current levels. “In terms of Nifty cash, what has happened now is that the entire uptrend of higher tops and higher bottoms that we saw since March ’09 has been taken out. So, we are seeing first instance of lower low and a lower high in Nifty. What this means is that this entire trend could be reversing and we should be seeing some lower levels from here. I don’t expect the markets to immediately reverse from here probably move down to around 5,250 or so and then there will be a short-term bounce back. But, yes, the sentiment has been damaged substantially. So, it will take some time for the markets to find its feet again and then start going up,” he adds.

Prasun Gajri, CIO, HDFC Life is also bearish on the markets. “If one looks at the market as a whole, sure, I would still be reluctant to kind go overboard and declare that we have seen the worst of this market. So, there is some more pain to come.

According to Anand Tandon, CEO, JRG Securities also, the market should be on the downside for the next one quarter.

Is a pull back on the cards?

Deven Choksey, MD, KR Choksey Shares & Securities expects the markets to pull back from the current levels. "Somewhere down the line I think you are going to see some contra buying taking place," he says. Choksey sees 5,700-5,770 as the range on the upside for the Nifty.

Support for the Nifty:

Mitesh Thacker, Technical Analyst, miteshthacker.com says, the markets are definitely oversold. "Yesterday, with strong selling pressure from the FII side, we broke the 200-day average and we are seeing continuation of selling happening today also. So, I think we still don’t have signals of reversals as yet. My belief is that there could be some support coming in at levels of 5,400-5,380 which was the immediate bottom before the September rally started," he adds.

Tandon also feels that 5,400 is a technical support at the moment.

Should you buy?

Dipan Mehta, Member, BSE and NSE says, investors can enter the market now and average lower. “The risk-reward ratio is coming back in favour of taking long investment or long position in stocks,” he adds.

Baliga also advices long-term investors to start buying. “We have been asking long-term investors to keep investing in small way at every fall because you really don’t know as to where this would stop. Although we have a view that the markets could go to levels of around 5,200, but it’s difficult to call a bottom. So, at every major down day like the way it is today, I think it’s a great day to nibble in. So, one should be investing in a small way,” he adds.

Indian Stock Market

Market	Position	+/-
Sensex	18395.97	-288.46
Nifty	5512.15	-92.15

Nifty Below 5500

Equity benchmarks completely battered by bleeding in heavyweights on fears that company's earnings may be impacted going forward at 13:30 hours. Foreign money outflow could be another reason that sent the Nifty to break 5500-mark today for the first time since September 6, 2010.

Weakness is likely to continue in emerging markets for a while, says Adrian Mowat of JPMorgan. "Global investors are moving money out of EMs to domestic markets."

The markets have been seeing drastic fall since quarterly Monetary policy review, wherein the Reserve Bank of India had hiked repo and reverse repo rates by 25 basis points each. But the RBI governor D Subbarao sent the bad signals by revising Inflation to 7% as against earlier 5.5% it had predicted in November 2010. He expects inflation to moderate from first quarter of 2012. He had not ruled out mid-policy rate action. Even experts believe that rate hikes will be expected from RBI going forward to control rising inflation.

RBI also hinted that if western region shows growth in their economy then FIIs would start pulling out money from India. FIIs were net sellers to the tune of Rs 1,651.41 crore and DIIs were net sellers of Rs 255.59 crore in equities on Thursday, as per provisional data available on NSE.

About 35 out of 50 shares on Nifty were trading below 200 DMA (daily moving average) while 15 out of 50 stocks were trading below 10% of their 200 DMA. Only five stocks out of 50 Nifty stocks were trading over 10% of their 200 DMA.

The 50-share NSE Nifty tanked 110 points to 5,494 and the 30-share BSE Sensex crashed 341 points to 18,344. Nine shares declined for every one share advanced on Nifty.

Gautam Shah of JM Financial warns that Nifty may slip to 5430 and Sensex to 18000 level.

Shah said that the Nifty breaching below 5630 mark is not at all healthy. “It had shown first sign of weakness below 6040,” he reiterated. According to him, oil & gas index may lose 5-10% from current levels. The auto stocks also have got thumbs down from Shah as he thinks it might see 15-20% downside.

The BSE Realty Index has fallen the most today with loss of 5.66%. Auto, Metal and Capital Goods indices were down 3-3.9%. Power, Bank, Healthcare and Oil & Gas slipped 1.5-2.4%.

Major fall was seen in broader indices as compared to benchmarks - the BSE Midcap and Smallcap indices lost 3.3-3.5%. About 14.3 shares were under pressure for every one share advanced on National Stock Exchange.

Heavyweights Reliance Industries, TCS, HDFC, SBI and L&T were down 1.8-3%. BHEL, Tata Motors, Sterlite Industries and Hindalco cracked 4% each.

DLF and M&M were top losers on Nifty with 6.35% fall. NTPC and ICICI Bank declined one percent each.

ONGC ahead of its results today, Wipro, HDFC Bank, Bharti and HUL were only gainers.

In midcap space, Money Matters was locked at 5% upper circuit. Andhra Bank, Redington, Aventis Pharma and Shriram City were up 1-1.7%. However, Blue Star, Shree Global, SpiceJet, IVRCL Infrastructure and Cholamandalam lost 9-12.5%.

OTCStockExchange. Recycling It's Way To Profits

AMPW continues to make impressive gains. The stock hit a high
of $2.14 today for a price gain of 56% so far.

After resting for a couple days IPRC is back up just under it's
high of $1. The stock closed strong today so keep an eye on it.
IPRC is up 62% since our alert.

Congratulations to those that have already booked profits with
those alerts.

Remember, in the OTC markets what goes up usually comes down and
it's almost always twice as fast as it went up. That's why stops
are so important. Use them to protect your gains.

Let's keep the profits rolling with this next alert.

Our new alert is Endeavor Power Corp., EDVP, and the stock closed
today at 20 cents.

Please begin your research here endeavormetals and
here yahoofinance

Here are a few facts to get you started.

EDVP is a top-tier, end-to-end e-waste management solution in
electronic asset recovery and e-waste recycling.

You just can't throw your old computers, copiers, printers fax
machines into the trash anymore. Waste disposal companies will not
take them anymore.

EDVP takes end-of-life electronics from customers and recovers
value from them through resale or through recycling, using
environmentally friendly methods.

EDVP has established relationships with select computer and
electronics recycling operations that are contracted with
nationally-known retail chains.

In a fragmented market crowded with small, unsophisticated
operations, EDVP is a trusted and respected resource.

EDVP asset recovery assists companies by turning surplus or
outdated equipment into cash.

EDVP also locates commercial buyers, helping clients by negotiating
prices and disposing of the equipment as part of EDVP's consignment
services.

EDVP recently announced the launch of its Endeavor Metals Division.
The division focuses specifically on building a profit center from
asset recovery of industrial precious and scrap metals.

EDVP also announced it is offering a new industrial asset recovery
service for large corporate and government clients.

EDVP's full-scale liquidation services are designed to assist its
clients with the increasing need for industrial asset recovery due
to downsizing, sales, bankruptcies, and plant closings.

This service was developed in response to overwhelming demand from
these large entities.

EDVP has been beat up lately but looks to have found support here
in the 19/20 cent area for the last couple weeks.

EDVP may be ready for a bounce from this area.

EDVP was 40 cents a few weeks ago and almost 60 cents a month ago.

If EDVP gets back near it's December high that would be almost a
200% price gain from here.

Get ready to book your profits with EDVP.

Market Crack

Consistent downtrend in financial, capital goods and auto was hammering markets since morning and sent the benchmark Nifty below 5,550 level at 12:21 hours. Heavyweight Reliance Industries too dampened the sentiment further with loss of nearly 1.9%.

Dilip Bhat of Prabhudas Lilladher warned, “It is not impossible to imagine that 5,400-5,500 may happen before the budget. Possibly, even after the budget we may still find those levels continuing right up to the end of March or middle of April.”

The markets have been factoring in likely slowdown in growth, which would impact on earnings of companies going forward. Rising inflation due to supply problem and uptrend in commodities prices in international markets was the cause of concern. Foreign investors have been pulling out money from Indian equities; they were net sellers of around Rs 5,000 crore so far in year 2011. While announcing key rates hike on Tuesday, even RBI hinted that if western region shows growth in their economy then FIIs would start pulling out money from India.

According to Bhat, the markets have little downward bias because there are not enough FII supports looking possible as we run into the budget.

The 30-share BSE Sensex was trading at 18,458, with a loss of 226 points and the 50-share NSE Nifty plunged 75 points to 5,528. However, the Nifty February futures were trading at 24 points premium on first day.

Breadth was pathetic; about 11.4 shares were declined as against one share advanced on National Stock Exchange. The broader indices slipped more than the benchmarks - the BSE Midcap and Smallcap indices tanked 2.9% each.

Nifty Bleed

Indian equities were bleeding for third consecutive session today, pulling down by capital goods, realty, auto, cement, Anil Dhirubhai Ambani Group, power, metal, financial and healthcare companies' shares. Heavyweight Reliance Industries too was under pressure at 11:05 hours.

The Nifty was consistently trading below the 5600-mark on first day of February series, which even tested 5550 level. Gautam Shah of JM Financial warns that Nifty may slip to 5430 and Sensex to 18000 level.

Foreign money outflow could be the reason behind this sell-off, citing reasons like inflation worries and likely slowdown in growth. FIIs were net sellers to the tune of Rs 1,651.41 crore and DIIs were net sellers of Rs 255.59 crore in equities on Thursday, as per provisional data available on NSE.

Shah said that the Nifty breaching below 5630 mark is not at all healthy. “It had shown first sign of weakness below 6040,” he reiterated. According to him, oil & gas index may lose 5-10% from current levels. The auto stocks also have got thumbs down from Shah as he thinks it might see 15-20% downside.

The 30-share BSE Sensex was trading at 18,514, down 170 points and the 50-share NSE Nifty fell 56 points to 5,547. Broader indices fell the most compared to benchmarks - BSE Midcap and Smallcap indices slipped 2.3% each.

Among largecaps, M&M, Tata Motors, Jaiprakash Associates (ahead of earnings today), DLF, BHEL, Reliance Capital and ACC were down 3.6-4.6%.

However, Bharti Airtel, ONGC (ahead of earnings today, CNBC-TV18 is expecting net profit at Rs 5,915 crore, up 9.8% (QoQ) and 93.7% (YoY)), Infosys, HUL and HDFC Bank gained 1.4-1.8%. ITC, Wipro and Sesa Goa were other gainers.

SBI, Reliance Industries, Tata Coffee, Tata Steel, Tata Motors, Infosys and HDFC Bank were most active shares on exchanges.

In midcap space, Money Matters, KGN Industries, Deccan Chronicle, Andhra Bank and Shriram City rallied 1-5% while Shree Global, Blue Star, JSW Holdings, Ruchi Soya and IVRCL Infrastructure fell 6-14.5%.

In smallcap space, Simplex Project, Can Fin Homes, Hinduja Foundries, Prabhav Industries and Newtime Infra went up 5-8% whereas Camlin, Shasun Chemical, Aqua Logistics, Artson Eng and SREI Infra lost 7-16.5%.

Nifty tests 5650

Indian equities continued the sell-off for second consecutive day in a choppy trade. The Nifty has tested 5650 level in afternoon trade. Oil & gas, realty and metal companies' shares were adding fuel to fire. Bharti, Infosys, BHEL, Wipro, M&M, HUL, HDFC and ICICI Bank too were adding pressure on benchmarks.

Veteran technical chartist Louise Yamada of Louise Yamada Technical Research Advisors said Nifty can see a pullback to 5500 if it remains below 5700. Meanwhile, she sees short-term support for Sensex at 19,000. “Sensex and Nifty should see sideways movement ahead,” she adds.

However, consistent buying in TCS, SBI, Tata Motors, ITC, Bajaj Auto, L&T, Hindalco, Ambuja Cements, ACC, Power Grid and Sesa Goa was supporting the markets and was trying to limit losses to some extent.

The 30-share BSE Sensex was trading at 18,819, down 150 points and the 50-share NSE Nifty fell 44 points 5,643. European markets too were down in opening trade.

January series is due for expiry today. Total traded turnover was more than Rs 89,000 crore, including Rs 82,588 crore from F&O segment.

Among frontliners, M&M, Sterlite Industries, DLF, HUL, Wipro and GAIL were trading with loss of 2.3-4%. However, Tata Motors, Jaiprakash Associates, Bajaj Auto, ITC, SBI and Sesa Goa were up 0.4-1.4%.

In midcap space, Atlas Copco jumped 13% to Rs 2,114 as company revised delisting floor price to Rs 2,250/share.

IBN18 Broadcast shot up 8.80% on strong quarterly numbers. It has reported a profit of Rs 20 crore in December quarter as against loss of Rs 13 crore in previous quarter. Network 18 too gained 5.97% as it has posted consolidated net profit of Rs 79 crore as against loss of Rs 36 crore on quarter-on-quarter basis.

Money Matters and Core Projects rose 4.6-5% while Jyothy Labs, Blue Star, Sanwaria Agro, BOC India and Kalpataru Power lost 4.6-11%.

Tight Range in Nifty

The Nifty was trading in a tight range of 5662-5690 since early trade today at 12:06 hours, with a negative bias and was extremely volatile as well. Even the market breadth was mixed; about 600 shares advanced as against 650 shares declined on National Stock Exchange.

Derivative contracts expiry is due today, which was the reason behind today's choppy trade. The Nifty February futures were trading at 16 points premium. F&O turnover would be high because of F&O expiry. Total traded turnover was more than Rs 75,500 crore, including Rs 69,529 crore from F&O segment.

Bharti, Infosys, Sterlite, Wipro, BHEL, HDFC, JSPL, HUL, Maruti and ICICI Bank were putting pressure on markets. Healthcare and realty companies too were witnessing sell-off.

However, TCS, SBI, Tata Motors, ITC, NTPC, Reliance Industries, Bajaj Auto, L&T, ONGC, HDFC Bank, ACC, Hindalco and Reliance Infrastructure were consistently supporting the benchmarks.

The 30-share BSE Sensex fell 65 points to 18,904 and the 50-share NSE Nifty slipped just 19 points to 5,668.

Nifty volatile

The Nifty bounced back smartly in opening trade today, after a fall seen on Tuesday. But those gains could not sustain for long. Indices turned volatile ahead of derivatives contracts expiry today. The Nifty was hovering around 5700 level.

Among frontliners, ITC, Axis Bank, ICICI Bank, Sun Pharma, Cipla and SBI were on buyers' radar.

However, Sterlite, Infosys, Wipro, HUL, M&M, SAIL and JSPL were witnessing selling pressure.

At 9:17 hours IST, the 50-share NSE Nifty was trading at 5,692, up 4.5 points and the 30-share BSE Sensex was at 18,979, up 10 points.

New listing - Midvalley Entertainment was trading at Rs 73.7, a premium of 5.29% over issue price of Rs 70 a share.

Dalmia Bharat Enterprises was trading at Rs 150, up 1400%.

The CNX Midcap rose 28 points to 8,271. About 447 shares advanced as against 137 shares declined on National Stock Exchange.

Midcap & Smallcap space:

Core Projects was up 3% and WWIL up 0.9%.

Tata Coffee was up 1.7%, IDBI Bank up 0.7% and LIC Housing Finance up 0.24%.

Happy Republic Day

Dear Friends,
On 26th January our country is celebrating its 62nd Republic Day
Wish U Happy Republic Day.


India Republic Day Calendar

• India Republic Day 2011 : Wednesday

• India Republic Day 2012 : Thursday

• India Republic Day 2013 : Saturday

• India Republic Day 2014 : Sunday

• India Republic Day 2015 : Monday

• India Republic Day 2016 : Tuesday

• India Republic Day 2017 : Thursday

• India Republic Day 2018 : Friday 

Inflation worries markekts; Nifty below 5700

Rising inflation and slower economic growth likely spooked the Indian capital on Tuesday and below 5700 points - Nifty to close the financial stocks, which dragged the interest rate increases are felt by the next policy meeting, mainly sent.

More recent end of trading derivative contracts traded on Thursday before seen in particular, was higher than the average business sessions. Total sales stock trading at Rs 2,06,028.02 crore 2,22,692.3 crore F & O segment, including the markets, reported by. It was found that the amount sensitives trigger many shorts - especially in private banks and certain order.

HUL to announce disappointing results is more pressure on the markets. Share basic data in commodity prices were also affected by migration as tanked 5%. HUL at Rs 1.79 in Q3FY11 year on year net profit of Rs 637 crore% decline reported. From 17.21% in Q3FY10 saw EBITDA margin was 14.13% increase.

Health care, Anil Dhirubhai Ambani Group, select, auto and technology stocks on fire more fuel addition. Index heavyweight Reliance Industries and ONGC's equity markets was going on.

Rahul Mohindar viratechindia.com said it very difficult markets of 5750-5800 as the first stage will get to see. "Dealers are on the low side and is very negative outlook reflected in futures sensitives get links .. it is so bearish note to go forward."

The 30-share BSE Sensex closed at 18,969, with loss of 182 points and the 50-share NSE Nifty plunged 55 points to 5,687.

RBI battles inflation: Experts see more Rate Hikes

In line with street expectations, the Reserve Bank of India raised key interest rates by 25 basis points. The repo rate, at which the RBI lends to banks, has been upped to 6.5% from 6.25% and the reverse repo rate, at which it borrows from banks, to 5.5% from 5.25%.

The cash reserve ratio (which is the percentage of their deposits that banks must keep with the RBI as cash) and statutory liquidity ratio (SLR), however, have been left unchanged. Thus, CRR and SLR continue to stand at 6% and 24%, respectively.

The bank also lifted its headline inflation projection for March 2011 to 7% from 5.5% previously, and said it expected inflation to begin moderating again in the first quarter of the fiscal year. It, however, stuck with its 8.5% GDP growth forecast for the current fiscal year, but with an upside bias.

What lies ahead?

While the 25 basis point rises were expected, a growing number of experts had said that a 50 basis point increase was needed. In fact many of them still believe that the RBI will continue raising rates going forward.

Not surprised with RBI trying to balance out managing inflation cost primarily by supply side factors and at the same time ensuring that interest rates while moving higher do not completely derail growth, Sonal Varma, India Economist, Nomura Financial Advisory & Securities (India) said the approach of 25 bps seems like a prudent approach.

However, she was quick to add that it is likely that we will see rate hikes in the coming two policy meetings as well. "In the first quarter of FY12, the RBI expects some moderation in the inflation trajectory. And, I am presuming that a lot of the moderation that the RBI is expecting is actually because of the base effect itself—there are risks that inflation may not moderate as much as it expects in the April-June quarter also. So to that extent there is a risk of rate hike there."

To this, Jay Shankar chief economist at Religare Capital Markets added, "Today's policy rate implies that the way forward is likely to be a very uphill task. We may even have an inter-policy rate hike and a very aggressive tightening on March 17."

Dr C Rangarajan chairman of the Economic Advisory Council to the Prime Minister firmly believes the Reserve Bank of India has taken the right step in increasing rates by 25 bps. "I expect the RBI to continue to raise rates going forward," he said.

"Going forward we expect RBI to continue tightening monetary policy given the sustained high inflationary pressures due to high food and international commodity prices, even as growth remains reasonably strong. We expect a 25bps hike in the March policy meeting and a cumulative 100bps hike in policy rates in calendar year 2011. Monetary policy tightening along with sustained high inflation will result in domestic demand momentum moderating a bit in FY12, which will create the much needed slack in the economy for inflation to moderate. We expect GDP growth of 7.7% in FY12, slower than 8.6% in FY11," said Ashutosh Datar economist at IIFL.

Rupa Rege Nitsure chief economist at Bank of Baroda also said, “Today's move clearly shows that the RBI has re-launched its attack on inflation given the persistence of inflationary pressures. I expect them to frontload the rate hikes in the January-March quarter as in the next financial year. There will be limited room because of the expected large sized government borrowing programme. There are lots of uncertainties on the fiscal front and the foreign institutional-investors front but I am expecting another 25 basis points increase in the next mid-quarter review as well."

This news has just come in and complete details will follow shortly. We can send you an email alert when the details come. Register for your alert here.

Nifty Choppy

Equity extended gains as the policy rates hike by RBI came in on expected lines. The Nifty too hit the 5800-mark but more than half of the gains immediately got wiped out after the central bank's forecast about GDP growth and inflation.

Inflation forecast has been revised to 7% from 5.5%, which is likely to moderate in Q1FY12, RBI says. "Policy action will contain spill over to generalised inflation." The bank also says, GDP growth rate may decline in FY12.

The RBI upped repo, reverse repo rates by 25 bps each to 6.5% & 5.5%, respectively. Even 1% SLR leeway has been extended till April 8.

Experts believe that the RBI will continue with raising rates going forwards. Nomura said, "Rate hikes likely in coming policy reviews."

C Rangarajan, chairman of the Prime Minister's Economic Advisory Council said RBI has taken the right decision. He expects RBI to continue with raising rates going forward.

Bankers like Bank of Baroda and IndusInd Bank said they might consider lending rate hike.

The BSE Bankex was down 0.2% which rallied nearly 1% on announcement of rate hikes. SBI, HDFC and Kotak Mahindra Bank were up 0.65-1% while ICICI Bank tanked 1.5% and PNB fell 0.8%. Axis Bank and HDFC Bank were marginally in red.

The 30-share BSE Sensex was trading at 19,208, up 57 points and the 50-share NSE Nifty went up 18 points to 5,762. About 738 shares advanced as against 526 shares declined on National Stock Exchange.

Power, capital goods, FMCG, telecom, metal and technology companies' shares were quite supportive. Even oil marketing companies' were on buyers' radar as they are likely to get subsidy soon, according to sources. BPCL rallied 4.6%.

In midcap space, BF Utilities, Money Matters, Shriram City, eClerx Services and Emami gained 4-7% while Simplex Infra, BOC India, SKS Microfinance, Raymond and Apollo Hospital fell 2.5-4.5%.

In smallcap space, Hercules Hoists, Century Enka, Dion Global, Sahara One and Zenith Infotech jumped 7-10.7% whereas Balkrishna Inds, Centrum Finance, Premier, Lloyds Metals and Sanghi Inds lost 3.6-5%.

Sensex over 100 points

At 15:00- Sensex volatility was still a small holding gains 100 points, the Reserve Bank to meet the quarter prior to policy support led by financial stocks. Giants like ONGC, BHEL, NTPC and Infosys metals, real estate, cement and metal companies, other major winners were selected stocks followed.

However, Anil Dhirubhai Ambani Group, the private sector, power and telecom stocks, Reliance Industries, Wipro, TCS, SAIL, Hindalco experience, Sesa Goa, Cipla and Bajaj Auto were together with the selling pressure.

19138-131 share BSE Sensex is trading at 30 points and 50-5740 share Nifty was up 44 points.

Big hat SBI, ONGC, Tata Steel, BHEL, HDFC Bank and Axis 2.5 to 4% increased. However, Wipro, Reliance Industries, Reliance Communications, Cipla, Reliance Infrastructure and Sesa Goa slipped 1.5-2.5%.

SBI, ICICI Bank, KSK Energy Ventures, LIC Housing Finance, Reliance Industries, Axis Bank and Tata Steel shares were the most active markets.

Midcap space, from 7.5 to 10% Monnet Steel, Core Projects, Prestige Estate, National Fertilizer and KSK Energy Ventures and collected Sunteck Realty, KGN Industries, Jyothi Labs, Gujarat NRE Coke and Radico 2.7 Khaitan fell to 5, 5 %.

Small cap space, TTK Prestige, Odyssey Financial, TTK Healthcare, Hawkins Cookers and Cambridge Solutions Kennametal, Modern India, 11-20% jump during the premiere, from 5 to 9.5% Madhucon projects and Rossell Tea lost.

Nifty hits 5750

11:53 Financial, Capital goods buy suit, covering consumer goods, metal and car industry giants ONGC and NTPC 5750 the upward trend, former Reserve Bank quarterly policy may be one reason for last move above small scale with benchmark Nifty "stock decline.

Ambareesh Baliga of Karvy Stock Broking says, though he sees a chance for a pullback rally, but he will not be enough. "We can look back for a 60-70 score to beat, but not much, only to fight back would mean," he says.

"With each higher level, we see sales coming in FII are clearly a party, a trader in the market, so that back I really do not see the fight lasting more than 60-70 points" they points.

However, upside limited by Anil Dhirubhai Ambani Group to sell and telecoms stocks, Reliance Industries, Wipro, Tata Power, Dr Reddy's Laboratories and the cell together.

19175-167 share BSE Sensex is trading at 30 points and 50-5749 share Nifty was up 52 points. The broader indices were following the same trend, the BSE Midcap and Smallcap indices were 0.8% each.

In front liners, 2 to 4.4% of SBI, HDFC, ICICI Bank, Tata Steel, BHEL and Axis Bank collected. However, Wipro, Reliance Industries, Reliance Communications, Reliance Infrastructure, Tata Power and Siemens were 0.7 to 2%.

Midcap space, 5-10% Monnet Steel, KSK Energy Ventures, sanwaria Agro, Wockhardt and money matters, collect KGN Industries, Kirloskar Oil, Gujarat NRE Coke, the Polaris 2 was down to 4.4% and Parsvnath.

Small cap space, the Odyssey, Finance MSP Steel, Shristi Infra, Indiabulls Securities and Cambridge Solutions Kennametal 8-16% during jumped Surana Inds, Rossell Tea, Hindustan media spectacle and 5 to 9.5% of information is lost.

Oil heads for 2% weekly drop

More than 2% of oil on Friday was on track for weekly decline, its lowest level in ten days for all categories of the business and demand from China's tightening monetary policy to keep in stock on speculation the U.S. will increase . 

Brent crude in March, 4 cents higher to 96.62 dollars a barrel U.S. on Thursday after touching $ 95.43, the lowest intraday price since Crawl 11th January A week ago, before U.S. $ 99.20 month contract, touched its highest level since 2008. 

Consumers International Energy Agency (IEA), represented by the global economic recovery, rising crude oil prices have raised concerns about the potential impact, for the Petroleum Countries (OPEC) production to increase pressure on the organization strengthened. 

 "A rapid transition to identify the performance of a three-digit price, we do not negatively affect the mood and slightly cautious inventory purchases and management related to the soft sound, now we can add in the near future expect to generate are ", said JP Morgan analyst Lawrence Eagles lead. 

"OPEC production to get there on a Monday morning office is an increasing risk increases dramatically" the bank said: "We believe that the time for investors to reduce mercury exposure and get some benefits. 

U.S. benchmark crude West Texas Intermediate (WTI) premium against Brent was at $ 6.99 to close Thursday, compared to $ 8.24 a week ago, the biggest since February 2009.
U.S. crude oil inventory of 2.62 million barrels in the week ended rose 14 U.S. Energy Information Administration data from the 400,000 barrel drawdown in gasoline and distillates stocks for January defying the predictions than expected showed up, 4.4 and 1 million barrels respectively. 

In seven weeks, investors worried the first floor, down the list to be quite Trans Alaska pipeline shutdown was due to the dissolution of the domestic production expected to make.
U.S. crude oil production from the path normally ships 12% and has been in operation again on Monday also resume maker, later revealed as a bypass to repair a crack to avoid January 8. Around 630,000 barrels per day to do this to the normal rate was expected to ramp up next week. 

China's GDP forecast for the fourth quarter rose to leadership and raised concerns that the rising growth, inflation. Investors worry that a hard landing in China in 2011 all the steps to lead the market growth may slow. 

U.S. crude for March 9 cents to $ 89.71 on Friday added more than 1.8% in the week. February contract on Thursday, billing at $ 88.86 expired.

Recommendations This Week - January 24 - January 28, 2011

Company	Recommendation	CMP (Rs.)	Target Price (Rs.)	Stop Loss (Rs.)
ORCCHE	Buy	320.3	346.0	305.0
DENBAN	Buy	109.0	118.5	103.8
OILNAT Feb Futures	Short	1115.6	1030.0	1170.0

NOTE : this are just our technical views on market & stocks we don't recommend any kind of buy or sell call from this to our readers & viewers.

Struggling Nifty at 5700

10:45: Equity in extremely volatile trading in narrow bandwidth used with a negative bias. Technology, health care, were FMCG, metal and private financial stocks down Bharti Airtel, ONGC and Maruti drag with the market.

50 share BSE Sensex and NSE Nifty 30 stocks much above 5,700 and 19,000 steps each of the back was hard. Respective Index were down 25 points and 88 points to 5,687 and 18,957 88.

Gautam Shah of JM Financial support for the Sensex 18700 and 5600 Nifty will provide "the market is still about 200 DMA, which once broken can trigger trade unwinding is forced up."

However, Reliance Industries, BHEL, SBI, NTPC and support for markets like the weight was heavy. Anil Dhirubhai Ambani group company shares were very good.

Wipro its Q3FY11 numbers after a 3.6% decline were the major losers. Q3 3.4% on the net Rs 1319 crore and dollar denominated global IT revenues by $ 1.34 billion gain 5.6% (QoQ), which were increased in line with estimates. Suresh Vaswani and Girish Paranjpe as joint CEOs came. T Kurien, Wipro now be the new CEO. Pressure in other technology stocks - Infosys and HCL Tech up 1.5% was up 0.8%. TCS was flat.

Next Q3FY11 results today, slipped by 0.7% ITC, the Reliance Industries, BHEL and PNB gained 1.5% 1.25.

frontliners HDFC, Sterlite Industries, Bharti Airtel and Jindal Steel were down 1.3 to 1.9%.

While Reliance Communications gained, M & M, Reliance Infrastructure, Bajaj Auto, Sesa Goa, Reliance Power and PNB from 1.2 to 1.8%.

Midcap space, from 3.4 to 8% BOC India, KGN Industries, Peninsula Land, Alok Industries and Dish TV India, collected continuously while, Kirloskar Brothers, Marico says Shiv Jyoti Labs and lost

Choppy Nifty

Nifty put on Friday and shaved tomorrow, get into extreme volatility. Index level of 5700 was trying to keep the DAX is the 19,000 mark. Were technology, metal, FMCG and capital goods stocks, personal finance companies, while sellers radar "radar Anil Dhirubhai Ambani Group" and the buyer's shares (the result will be known today) were.

Wipro posts 3% Q3FY11 numbers tanked. Q3 3.4% on the net Rs 1319 crore and dollar denominated global IT revenues by $ 1.34 billion gain 5.6% (qoq) to increase. Suresh Vaswani and Girish Paranjpe as joint CEOs came. T Kurien, Wipro now be the new CEO.

Choppy Nifty, Reliance, BHEL, ITC is expected to NOS; Wipro Dips

Front liners Sterlite Industries, Hindalco, Power Grid, BPCL, Bharti Airtel, Tata Motors, ICICI Bank, HDFC Bank, Axis Bank, ONGC, Infosys and TCS was witnessed selling pressure.

However, there were Reliance Industries, BHEL and PNB from 0.7% earlier today with their numbers to increase business.

L & T and NTPC in the trade were other winners.

Um 9:17 h, 30 share BSE Sensex was trading at 18 and 964, 84 points below the 5688-23 50-share NSE Nifty slipped points.

However, CNX Nifty Junior Midcap rose 11361-9 8213-11 issue was only numbers. 280 shares advanced more than 345 stocks were on the National Stock Exchange.

Midcap and smallcap space:

NIIT Ltd 5% before the number accumulated. KPIT Cummins 0.9%.

1% of the Orchid Chemical. Shasun Chemicals and Cadila Healthcare jumped by 3%.

Bounces Back Nifty

Smart Indian stock market bounce Financial, (except Wipro) out power in technology, business benefits shown in the last minute, and Hero Honda, Hindalco and Sun Pharma shares with the Anil Dhirubhai Ambani Group.

Nifty touched 5700 levels, but it was very volatile market. Chairman Naresh Kothari of Edelweiss Capital, the trend in the first half of this calendar year is expected to continue.

IT Finance Leadership; Nifty bounces back to 5700. Now the giants ONGC, Reliance Industries, ITC and Bharti Airtel's business to fall short with 1-25. Sterlite, SAIL, Tata Steel, Tata Motors, Maruti, Ranbaxy, DLF and Bajaj Auto were the other losers.

5696-5 50-share NSE Nifty gained more than 50 points the same points and 150 points at the day's recovery after 13 to 30 share BSE Sensex 991 points 18.

Heavyweight ICICI Bank State Bank of India scored 3.25%, HDFC Bank, HDFC, Axis Bank, Kotak Mahindra Bank and IDFC, followed by 1-2% increase. ICICI Bank's 8 million shares in open interest involved.

TCS, Infosys and Wipro gained 0.5% to 1.9 Technology Pack. Cement space and add strength - ACC and Ambuja Cements was 0.75 to 1%.

Anil Dhirubhai Ambani Group firm Reliance Communications, Reliance Energy and Reliance Capital shares were 0.8 to 1.8%, while Reliance Infrastructure was flat.

NTPC and Power Grid shares as a percentage of the public sector is all. Sun Pharma, Hero Honda, JSPL, Hindalco, Sesa Goa and M & M rallied 1-2%.

M & M Financial, SKS Microfinance, Bajaj Electrical collected, Gujarat Flourochem Orchid Chemical and 4-7%, Kirloskar Brothers, HCL Info Torrent Pharma, the Thermax and KGN Industries slipped 4-5%.

Sensex volatile

Oil and gas, financial and telecom shares fall behind in equity trading with considerable losses - 11:00 clock. ITC, Tata Motors, Sterlite, SAIL, Maruti, Tata Power was under pressure. Nifty is in the range of 5650-5700.

However, the index has been supported technology, cement and metal companies, "NTPC, Kotak Mahindra Bank, L & T and Hero Honda, which erased some losses with a total of select stocks.

Sensex volatile, TCS, NTPC, Sun Pharma wins, JSPL

Overall some volatility index. Chairman Naresh Kothari of Edelweiss Capital, the trend in the first half of this calendar year is expected to continue.

18 896 30 BSE stock trading loss of 82 points and 50-5668 with the stock Nifty was up 22 points.

In frontliners, TCS, to 0.5 to 2%, Jindal Steel, NTPC, Hero Honda, Wipro, Sun Pharma and Kotak Mahindra Bank was.

However, Tata Motors, Sterlite Industries, SBI, Maruti Suzuki, ONGC, GAIL, HCL Tech and Bajaj Auto were down 1.5-2.5%.

Tata Coffee, SKS Microfinance Orchid Chemical, LIC Housing Finance, Reliance Industries and SBI's stock markets were the most active stock.

Midcap space, to 7.85% SKS Microfinance shot Malegam report said the company will bring industry structural clarity. "Microfinance with baking paper sector in the industry saw a gap and positive is greater clarity on the funding system" the company said.

M & M Financial, Blue Dart, Jubilant FOODWORKS and Orchid Chemical gained 5.6% to 3.7. However, HCL Info Kirloskar Oil, Simplex Infra, Torrent Pharma and Sterling International lost 2.5 to 4.5%.

Riddhi Siddhi smallcap space increased Lloyds Steel, Indo Rama, Tata Coffee and Marathon 5.7 NextGen 8%, while Mr Ram Urban slipped Securities India, Splash Media and the Chinese 5% Parry.

Width was slightly in favor of declines, about 1049 shares advanced as against 1159 shares have declined in the Bombay Stock Exchange

Asian signals Nifty week

Nifty down after Asian markets slipped in opening trade. Index level of 5650 tested in early trading, a decline in telecommunications (mobile number today), finance, oil & gas and metal stocks led companies.

Front liners, Reliance Communications, Bharti Airtel, Tata Motors, Sesa Goa, Jindal Steel & Power, Sterlite Industries, Reliance Capital, Jaiprakash Associates, HCL Tech, Reliance Industries, SAIL, SBI, ICICI Bank and PNB had witnessed selling pressure.

Nifty 5650 from weak Asian cues, RIL, SBI, Bharti slip test

However, Kotak Mahindra Bank gained (numbers before today), Bajaj Auto, Wipro (figures yesterday), Hero Honda and M & M

09:17, the 30 share BSE Sensex was trading at 18 841, down 137 points and Nifty 50 stocks fell 5647-43 issue.

CNX Midcap and Smallcap 8130 lost 42 points from 34 points to 8867. Junior Nifty slipped 11265-61 points. More than 168 shares 536 shares were received in the National Stock Exchange advanced.

New List - C Mahendra Exports trading at Rs 118 above the issue price was with a premium of 7%.

Midcap and smallcap space:

Results Reaction: UFLEX LIC Housing Finance 0.5% and 1.5% during the Orchid Chemical fell by 1.4%.

Yes Bank was announced today by 0.6% and 2% tvs motor before the numbers.

4% and 3.4% previously beat KRBL.

Zee Entertainment, Canara Bank, Jet Airways, Bajaj Hindustan and Hindustan Motors has been 1.5-2.5%.

Sensex below 19K

India on Wednesday withdrew a rally the previous session, oil and gas, technology, capital goods, consumer goods and cement the company's shares based on the split was seen, HDFC, HDFC Bank, SBI and NTPC brought together. Nifty much business was flat in the first half, but a 50-share NSE Nifty moved down by 5700 points - the giants of the last few hours to sell off to close 5691.05, a loss of 33 points or 0.58%.

100-200 points on Nifty section is possible. "FII low flow, high commodity prices and strong portfolio of possible policy limit to rebuild could be potentially lead to a few months. But the market is negative because it is already factoring in some of these events began. He argued on the Nifty might be second to cut 100-200.

Sensex ends below 19K, cap goods, IT, oil and gas slip

That the index could test 5300-5500 support area in the near future. Finally nifty late November 2010 lows, which supports short-term results from 5.300 to 5.500 in the area a thorough examination should be distinguished under the current uptrend support.

30 share BSE Sensex closed at 18978.32, down 113.73 points, or 0.6%. CEO Vineet Bhatnagar of MF Global and 120 points on the Nifty is expected to compression. "Foreign institutional investors have sold U.S. index futures and cash market 1.3 to 1.4 billion U.S. dollars" he said.

On the regional front, the BSE Capital Goods, Oil & Gas Index fell one per cent of it. However, metals and real estate companies had supported the stock market - related index increased by 1.7%.

Heavyweight Reliance Industries and ONGC were 1-1.5%. Engineering firm L & T's shares lost nearly 2%, BHEL and Siemens fell 0.5-1%.

Also, IT major Infosys, HCL Tech from 0.5 to 0.8 after the cross during the December quarter and 4% received% to 2.2% of TCS and Wipro plastered fall. HCL Tech 20.85% growth in Q2 over the previous quarter consolidated net profit of Rs 400 crore. 4.85% sales increase of only Rs 3888 crore.

The financial sector was a mixed development - the country's largest bank State Bank of India has slipped 2%. HDFC Bank, HDFC, IDFC and PNB was 0.5 1.6%, while ICICI Bank has supported the market with a gain of 1.1% and Kotak Mahindra Bank increased by 2.1%.

FMCG major ITC and HUL has slipped from 0.4 to 0.7%. ACC and Ambuja Cements fell by 2.6% to 1.5. Power Supply NTPC, Power Grid, Tata Power down 0.7 to 1.1% gone, while Reliance Infrastructure rallied 2.8%.

Space, Tata Motors, Hero Honda and Maruti car was 0.4 to 1.3%, while M & M grew by 0.6%. Bajaj Auto jumped from 2% on the back of strong performance, its Q3 net profit rose to Rs 667 crore, 40.42%.

Nifty best advantage on cell growth was 4.8%, Sterlite, Tata Steel, Hindalco, Sesa Goa and moved to 1-3%. DLF Real Estate segment shot up by 3.4%.

Midcap space, to 8.5% Manappuram, ARSS Infra, Ruchi Soya, SRF and collected 5.5 Opto Circuit, Future Capital, Sintex India, ING Vysya Bank, Bajaj Finance and AIA Engineering, while has lost 4 to 3.4, 4% .

Tata Coffee 15.33% and 13.85 in the smallcap space serial collected% increase Scient. Zee Learning Odyssey Finance and Reliance were 9-12% transmission. However, investment from 5 SE, Sterling Holiday, Sahara One, Centrum Finance and Securities India fell by 8.5%.

About 1451 shares advanced as against 1428 shares have declined in the Bombay Stock Exchange.

On the global front, European markets at the conclusion of the American Indian equities index futures were flat. However, Asian markets ended higher, Shanghai rose 1.86% and Hang Seng up 1.1%. Nikki KOSPI, and Taiwan received 0.4 to 0.9%

Sensex extends losses

At 14:55- Back to the equity increase and decrease selling oil and gas, capital goods, technology, FMCG, cement, close (other than ICICI Bank), financial and health care stocks. Nifty 5650 level was back to inches, more than 150 points in trading the DAX shed today between volatility.

Witness sets and short futures Nifty index at 120 points to other MF Global CEO Vineet Bhatnagar of compression is expected.

Sensex extends losses: Oil and gas, IT, cement, FMCG dip

But "buyer stock HCL Tech, ICICI Bank, Bajaj Auto, real estate and metals companies with radar.

50 stock Nifty was trading at 5672, down 51 points and 30 share BSE Sensex fell by 169 points 18 922. Comprehensive index to wipe out profits.

In addition to large-cap, Sterlite Industries, Hindalco, Reliance Infrastructure, DLF, Bajaj Auto, Cell and HCL Tech jumped 1-4%.

However, SBI, L & T, Infosys, HDFC Bank, Jindal Steel, Ambuja Cements, GAIL, Suzlon Energy and ACC down 2.9% to 1.4 went.

Tata Coffee, LIC Housing Finance, SBI, Orchid Chemical, L & T and Reliance Industries stock markets were the most active stock.

5 to midcap space ArsS Infrastructure, Manappuram, SRF, soy and HMT were interested to 7.4%, Future Capital, ING Vysya Bank, Sintex India, IVRCL Infrastructure, and Cesc was the 4.5% to 3.

Scient 15% sequential increase in the smallcap space and Tata Coffee rose 12.97%. Odyssey, Finance Atco Corp. and Reliance transmission from 7.5 to 10.5% collected. However, investments SE, Sahara One, Centrum Finance, India, Securities and Symphony lost 5-8%.

Narrow range Nifty

At 11:55 am, Nifty trading in a narrow range of 5708-5747 after the return day after tomorrow on the lower back was covered. Metal, oil & gas, Anil Dhirubhai Ambani Group and telecoms stock markets were supported, ICICI Bank, HCL Tech, NTPC, Mahindra & Mahindra, ITC and Cipla combined with.

Business on the other hand, large companies, IT, capital goods, cement and select auto companies on the sale of continued fractions. SBI, HDFC Bank, Sun Pharma, JSPL, HDFC and PNB also declined.

Narrow range Nifty, Infosys, TCS, L & T, SBI, HDFC Bank dip. Although the first market experts see as much damage is in a consolidation mode. Witness sets and short futures Nifty index at 120 points to other MF Global CEO Vineet Bhatnagar of compression is expected.

Bhatnagar says that FIIs sold index futures and cash markets in the U.S. $ 1,400,000,000 to 1.3.

CLSA Lawrence concludes that Nifty may test 5300-5500 in the near future to Balanco. Finally nifty late November 2010 lows, which supports short-term results from 5.300 to 5.500 in the area a thorough examination should be distinguished under the current uptrend support. "

30 share BSE Sensex to 19115-23 points and 50 share Nifty of the business with a gain of 6.75 points was 5731.

The second largest IT software services exporter Infosys lost 1.5%, TCS and Wipro fell 0.2% to 0.6% is lost. However, HCL Tech today to take them to assume a Q2 net profit at Rs 400 in the December quarter jumped 20.85%, with 4.6% rally in million company.

L & T, BHEL and Siemens 0.7 to 1.7% of capital goods space is lost. Fiscal space SBI, PNB and HDFC Bank were up by 0.9%, any ICICI Bank, Axis Bank and Kotak Mahindra Bank, while 2.3% received 1 to.

ADAG radar coverage at the company's shares, Reliance Communications, Reliance Capital and Reliance Power from 0.6 to 1.3% has climbed to the buyer. Reliance Infrastructure gained 3.65%.

Heavyweight Reliance Industries and ONGC gained 0.8%. Cell 4.6%, Nifty growth leader Sterlite, Hindalco, Tata Steel and Sesa Goa were 1.7 2.9%.


Midcap space, Manappuram, ArsS Infra, Glenmark, IBN18 Bank of transmission and gathering 4-6%, while CESC Flourochem Gujarat, Radico Khaitan, Value Infrastructure and Shopper's Stop has slipped 2-4%.

Smallcap space jump, Tata Coffee, polyplex Corp., Atco Corp., SE exposure, TTK Prestige, Sahara One during the Odyssey of Finance and Electrotherm 7-11%, India 6.5% from 4.7 at the Securities and LS Industries fell.

Benchmark indices are widely used across the BSE Midcap and Smallcap indices were up 0.7% each.

1732 compared to about 931 stocks listed on the Bombay Stock Exchange stock was upgraded.

Tata Steel FPO opens: Should you subscribe?

The world's seventh largest steel producer Tata Steel subsequent public offering (FPO) has opened for subscription today. The 594-610 5.7 million ordinary shares of Rs 10 each for its FPO at Rs per share is a certain price band.

Company on 21 at Rs 3385.8 release, the goal by 3477 million would be better off in January.

Tata Steel opens FPO: If you subscribe to?

Experts are divided on the issue. KR Manish Bhatt of Prabhudas Lilladher Deven Choksey of Choksey and are positive, investment advisor, the SP Tulsian thumps have to do the same.

"We are excited Tata group plans FPO, to potential investors because it is no longer enough on the table really, when it hit the market on how to value and will be seen in the cell .. worry about FPO Tata Steel's global presence is still present, therefore, we fast to the question on pricing is a thumps, indexation benefit can search for this problem can only be attractive to lenders. and said. institutional investors in the company, "Tulsian.

However, long-term investors to buy Choksey advice. Problem after like Bhatt.

Pinc Research market research firm maintained a target price of Rs 817 to buy stock

Report says, "Q4FY11 prices for the contract price due to a high-rise office level has settled coking coal spot prices to strengthen in Australia are provided in flood disturbed. We believe that high commodity prices will be further pressure on margins in the processing of steel. FY12 exercise. But rising steel prices will integrate the operations of Tata Steel of India to press charges in benefits. "

"In FY12E EV / EBITDA 4.8 x 4.9 x and FPO and CMP, attractive and important to maintain. We revised target price of Rs 817 (6.1x FY12E EV mixed stock with stock purchases on the top band / EBITDA) report," he said. The company recommends FPO membership.

Tata Steel's 27.2 million tons per year of steel production capacity. According to ESC, the company's seventh largest steel companies in the world crude steel production in 2009 was on. The company is also one of the most diverse geographical steel producer, with operations in 26 countries and a commercial presence in over 50 countries.

Using the proceeds of production will be Tata Steel Jamshedpur expansion of existing plants and pay the redemption amount of a private placement of redeemable non-convertible debentures based on the maturity of some of the company for the investment to finance part of the company's share capital.

Airbus increases aircraft prices

Airbus on Tuesday its aircraft list prices is the average growth of 4.4%, higher investment and production, citing a weak dollar.

The move comes weeks after rival Boeing Planemaker average 5.2% price increase announced.

Airbus increases aircraft prices

Airbus and Boeing, both of which a strong recovery in business last year saw the planes often sell at a discount list prices, but Airbus sales director John Leahy said on Monday that sales and prices has improved.

Airbus in the global market, 52% of net orders and deliveries in 2010 to 52.5% was released by Monday.

Airbus financially pressed by a weak dollar because aircraft are sold in dollar and euro accounts in the EADS entry - an exchange which is also a higher proportion of their production costs.

Total cost Airbus A380, which 375 million U.S. dollars the world's biggest aircraft brings the list price appreciation of 8.4% including growth.

Airbus said to reflect the level of the ability to generate revenue for airlines, but the aircraft maker's undetermined cost of production last year was struggling to overthrow.

The best-selling Airbus A320 on Monday of the 10% increase in production was considered confirmed existing plans to increase 40 to 36 aircraft per month on the issue.

A decision soon on the plane as much as 44 by 2012 to increase production, officials said.

Plan, first reported by Reuters last November as airlines to recover more rapidly growing demand slowdown expected echo. But they in addition to a weak dollar against price increases are seen as an additional dam.

Industry sources say that the Airbus single aisle family, the majority of variable costs of production lines dollars, which means high-performance power exchange effects are helping.

Airbus, meanwhile, Boeing on Tuesday with the potential to increase further its first 787 Dreamliner delivery delay was announced by the third quarter.

Delays in the future, the sale of Boeing aircraft, Airbus A330, midsize jet, whose list price increase of more than 222 million increase to the previous generation is easy.

Nifty Flat

In the last hour of trading on Tuesday after a rally seen: Nifty session began on a quiet note. It was right to strengthen its previous closing price.

In Frontliners Jaiprakash Associates, Sterlite, ICICI Bank, Tata Steel, Reliance Infrastructure, ITC, Sesa Goa, Sun Pharma, Dr Reddy's Laboratories, Reliance Industries buyers were on the radar.

The million Q2 net profit as 5% HCL Tech net income rose 400% from Rs 20.85.

Reliance Infrastructure, Tata Power Co. also said (TPC) at least 20 MW MERC decided to get. Bombay High Court against Tata Power picks the right to assign its power. Reliance Infra Reliance Infrastructure, said consumers will be affected. Reliance Infrastructure was up 3.5% and Tata Power have declined 1%.

However, Infosys was up 1.6%. Bharti Airtel, Power Grid, TCS, SBI, HDFC and L & T are selling pressure seen.

9:17 hours by 23 points, 50 stock Nifty was trading at 5728 up 3.7 points to 30-share BSE Sensex.

CNX Midcap rose 32 points to 8189 points and Nifty 290 Junior 11 to 35 have won. About 493 stocks advanced against 180 as the stocks went on the National Stock Exchange.

Nifty 5700 on positive European cues

At 14:43 hrs: The Nifty near 5700 levels within a narrow business support, technology, financial, metal, auto, health with a positive bias and cement the company's stock. Positive signs Indian European standard, the French CAC, German DAX and UK FTSE helps each rose one percent were.

On the other hand, stood on his head is limited by the selloff in ONGC, Reliance Industries, Bharti, HDFC, DLF, JPSL, Sesa Goa, with stocks of the Anil Dhirubhai Ambani Group, Tata Power.

Calf Lars Reier, managing director, global head of Equity and Alternatives Research, Credit Suisse private banking division, said India's growth may be stronger this year than in China. He expects to see growth of 15-20% of Indian stocks. Kalbreier government bonds and overweight in equities, high yield corp bonds, commodities weigh.


30 share BSE Sensex was trading at 19012-131 points and 50 share Nifty fell 42 points to 5697. In frontliners, TCS shot up 5.35%. Wipro, Cipla, Sterlite Industries, ITC, Sun Pharma, Ambuja Cements and Axis Bank were for 3.9% to 2.

However, Reliance Infrastructure fell 4.34%. DLF, Tata Power, Jindal Steel, Sesa Goa and Bharti Airtel lost 0.9 to 2.5% Gail. Midcap space, Opto Circuit jumped 9% as Q3 net profit by 23.6% to Rs 95.7 crore was. M & M Financial, Shoppers Stop, 18 network and from 5.5 to Glodyne Tech climbed 6.5%.

Although 9% HT Media Bata India, Kirloskar Brothers, KGN Industries, Glenmark and 4.6 fall. Smallcap space odyssey finance construction KNR, Oscar Investments Fedders lloyd and HBL Power 5-9%, while sterling holiday gathering, Premier, Tata Elxsi, Asian Hotels (D) and integrated manufacturing has lost 5.6% to 9.

1404 stocks advanced on the Bombay stock exchange as against 1371 shares declined.

Axis Bank Target of Rs 1601

Axis Bank has the stock on the tree and recommended its January 17, 2011 research report, rating with a target of Rs 1,601

"With a net profit Axis Bank numbers of outstanding 36% yoy to Rs 891 crore, has set higher than our expectations and the market. More and more companies, the profits and Delta NII main reason for the expected increase in variance was. NII 28% year of year  and 7% quater of quater strong credit growth and sequential margin improvement driven by quarterly comparison. net interest rate margins de-growth in time deposits, behind the strong CASA development, growth and base rate and prime lending rates 3.81% on strong traction in high-interest loans to private customers 13bps. Not -interest income 16% over the previous year and 11% healthy growth in fee income and trading profit growth driven by higher second quarter." For more read full story

Nifty Hits 5700

Nifty on a positive note started the day early financial, metal, cement and metal stocks led trade touched the 5,700 level. Since SENSEX strong pullback 19,000 saw the level rose again last week in a massive sell off. For more

Tata Steel FPO

Tata Steel's 27.2 million tons per year of steel production capacity. According to ESC, the company's seventh largest steel company in the world crude steel production in 2009 was on. The company is also one of the most diverse geographical steel producer, with operations in 26 countries and a commercial presence in over 50 countries.

Objects of Issue
One private place-based company a few non-repayable at maturity of debentures partly to the expansion of existing plants in Jamshedpur, the company's share of capital expenditures to finance the payment of redemption issued.

FPO	Offer Price	ISSUE OPEN (Rs.)	ISSUE CLOSE)
Tata Steel	Rs. 594-610	19-Jan-11	21-Jan-11

Read The Prospectus Care fully.