26 April 2011

Nifty in negative Terrain

Indian equity benchmarks were down in the opening trade amid a choppy trade, following sell-off in Asian markets. Profit booking in early trade took the Nifty near 5850 level. Steel stocks were under pressure as copper prices declined in international markets. Auto stocks too were down.

Among frontliners, Sesa Goa, Sterlite Industries, Jindal Steel & Power, Maruti, TCS, HDFC, Hero Honda, Tata Motors, ITC, HDFC Bank, L&T and Reliance Industries were putting pressure on markets.

However, Reliance Communications, Reliance Power, BPCL, Hindalco and ONGC were quite supportive.

25 April 2011

RIL slips post earnings

Indian equity benchmarks were flat in the opening trade. Fall in heavyweight Reliance Industries post disappointing fourth quarter earnings was offsetting the rally in SBI.

Apart from rising oil prices, end of QE2, fears of Fed tightening and dollar rebound, earnings momentum slowing is an additional worry for EM investors. However, we do not expect earnings downgrades to derail the bull market in EMs in the near-term. Axis Bank lost 3.5% on margin pressure though its fourth quarter numbers were strong. Reliance Industries fell 2.5% as the company's fourth quarter bottomline and GRM came in below the street estimates. Topline was above estimates.For more: RIL slips post earnings

23 April 2011

Gold make a record in sixth straight session

Spot gold surged to a lifetime high on Friday in holiday-thinned trade, hitting a record for a sixth consecutive session on a weak dollar and factors ranging from geopolitical uncertainty to inflation concerns.

Silver also raced to its loftiest in 31 years, notching the milestone for a seventh straight day and outstripping gold's weekly gains by a huge margin.

A prolonged euro zone sovereign debt crisis, unrest in the Middle East and North Africa, rising global inflation, and most recently worries over the fiscal stability of the United States and a sharply weaker dollar have fueled the record-breaking rally in these precious metals.

21 April 2011

Change in the Home Loan Structure

India's largest lender State Bank of India (SBI) on Wednesday said it will withdraw its teaser home loan rates effective from May 1. The change in the home loan structure was done keeping the Reserve Bank of India’s norms in mind, said SBI's new chief Pratip Chaudhuri.

There will also be no pre-payment penalty on car loans, Chaudhuri informed. Read full story

Global cues pushing Nifty towards 5900

Indian equity benchmarks continued its upmove on Thursday morning following strong global cues, tracking earnings season. The Nifty was inching towards the 5900 level. Market Trend is on the upside, says Gautam Shah of JM Financial. "There is good possibility of market moving beyond 5900, so break above 5930 could lead to 200 points upside," he said. However, 5600 is the formidable base for the market, according to him.

Among frontliners, TCS gained 2% and Reliance Industries rose 1% ahead of earnings for the quarter ended January-March 2011 today evening.

19 April 2011

HDFC Life may delay IPO to next year

HDFC Standard Life is planning to push its initial public offering to next year as current valuations are not attractive. This comes even as the insurance regulator is expected to announce IPO guidelines by the month-end.
With growth in the sector slowing down in the second half of 2010-11 after the Insurance Regulatory and Development Authority (IRDA) announced stricter guidelines for Unit-Linked Insurance Plans in September last year, valuations of life insurers have taken a hit.Read Full Story

TCS, Bharti, HDFC Bank lead the Market

The benchmark Sensex was consolidating since the beginning of trade today and has seen a swing of more than 200 points. Market is waiting for some trigger for further direction on either side - earnings could be one trigger - heavyweights TCS and Reliance Industries will be declaring their fourth quarter numbers on Thursday. Full detail

Trading Basics

How does buying and selling stock really work? How are stock prices set and what part does risk play in investing? Gets a better understanding of the basics of stock trading with these resources.

The Basics of Trading Stocks: Trading stocks begins with a basic understanding of what the stock market is like and how all the pieces fit together.

Trading Basics: How does a stock trade work? What happens after you call your broker? Follow a stock order through the process, both with a floor trader and electronically.

Don't Let Risky Investments Tempt You: When prevailing rates of return are low, it is tempting to look for higher yields, but you should avoid the temptation.

Value Stock Investors Dig for Treasure: Value investors look for stocks that are under-priced and use fundamental analysis tools to uncover candidates.


The Stock Market Really Doesn't Exist: The stock market exists for only one reason: to make money.

How Stock Prices Are Set: The interaction between supply and demand is how stock prices are set in the market.


Buying Growth Stocks is all about the Future: Investing in growth stocks is all about the future. What will the company do in terms of growth next week, next month, or next year?

After Gain or Loss, Emotions Can Shape Stock Investment Decisions: The emotions of a gain or loss can cloud your judgement.

In Stock Pullback or Correction: Protect Profits: Protecting stock profits during pullbacks or major corrections is important if you want to be successful.

Don't Sell Stock on False Signals: There are several situations that may seem the right time to sell a stock, but be careful you don't fall for a false signal.

Stock Prices: Who sets stock prices? How prices are set each day? How do you know what a stock will open at each day? Understanding how stocks are priced in the market will make you a better investor.

Risk Tolerance: It is important for investors to know their level of risk tolerance and avoid exceeding it. Bad decisions often follow investors who have pushed their level of risk tolerance.

Emotions Cloud Stock Investing: No one wants to lose money, but it is better to lose a little than to lose a lot. Don't let emotions cloud your judgment.

Managing Risk: Risk and investing must go together. The trick is to manage risk so that if falls within your tolerances.

Stock Quotes: Stock quotes, whether in the newspaper or online, offer a wealth of information if you understand the numbers.

Stock Orders: Stock orders, such as market orders, limit orders, stop loss orders, and trailing stops, are important for every investor to know.

Understanding Risk: Risk and reward go hand-in-hand with investing in the stock market. Learn about this relationship and how you can make it work for you.

Bid Ask Pricing: The stock exchanges use a system of bid and ask pricing to match buyers and sellers. The difference between the two prices is the bid/ask spread.

When to Sell Stocks: Knowing when to sell stocks is sometimes as difficult a knowing when to buy. This is the first part of a two-part series.

Stock Regulation: The stock market and securities industry is highly regulated. Several layers of regulatory oversight are designed to protect the individual investor.


How does buying and selling stock really work? How are stock prices set and what part does risk play in investing? Gets a better understanding of the basics of stock trading with these resources.

The Basics of Trading Stocks: Trading stocks begins with a basic understanding of what the stock market is like and how all the pieces fit together.

Trading Basics: How does a stock trade work? What happens after you call your broker? Follow a stock order through the process, both with a floor trader and electronically.

Don't Let Risky Investments Tempt You: When prevailing rates of return are low, it is tempting to look for higher yields, but you should avoid the temptation.

Value Stock Investors Dig for Treasure: Value investors look for stocks that are under-priced and use fundamental analysis tools to uncover candidates.

The Stock Market Really Doesn't Exist: The stock market exists for only one reason: to make money.

How Stock Prices Are Set: The interaction between supply and demand is how stock prices are set in the market.

Buying Growth Stocks is all about the Future: Investing in growth stocks is all about the future. What will the company do in terms of growth next week, next month, or next year?

After Gain or Loss, Emotions Can Shape Stock Investment Decisions: The emotions of a gain or loss can cloud your judgement.

In Stock Pullback or Correction: Protect Profits: Protecting stock profits during pullbacks or major corrections is important if you want to be successful.

Don't Sell Stock on False Signals: There are several situations that may seem the right time to sell a stock, but be careful you don't fall for a false signal.

Stock Prices: Who sets stock prices? How prices are set each day? How do you know what a stock will open at each day? Understanding how stocks are priced in the market will make you a better investor.

Risk Tolerance: It is important for investors to know their level of risk tolerance and avoid exceeding it. Bad decisions often follow investors who have pushed their level of risk tolerance.

Emotions Cloud Stock Investing: No one wants to lose money, but it is better to lose a little than to lose a lot. Don't let emotions cloud your judgment.

Managing Risk: Risk and investing must go together. The trick is to manage risk so that if falls within your tolerances.

Stock Quotes: Stock quotes, whether in the newspaper or online, offer a wealth of information if you understand the numbers.

Stock Orders: Stock orders, such as market orders, limit orders, stop loss orders, and trailing stops, are important for every investor to know.

Understanding Risk: Risk and reward go hand-in-hand with investing in the stock market. Learn about this relationship and how you can make it work for you.

Bid Ask Pricing: The stock exchanges use a system of bid and ask pricing to match buyers and sellers. The difference between the two prices is the bid/ask spread.

When to Sell Stocks: Knowing when to sell stocks is sometimes as difficult a knowing when to buy. This is the first part of a two-part series.

Stock Regulation: The stock market and securities industry is highly regulated. Several layers of regulatory oversight are designed to protect the individual investor.

Stop Loss Orders: Stop Loss Orders can protect you when your favorite stock gets hit by a disaster by cutting your losses with an automatic sell.

Stop Loss: Orders can protect you when your favorite stock gets hit by a disaster by cutting your losses with an automatic sell.

18 April 2011

OTCStockEx​change IPRC Alert

The key to penny stocks is to be trading the companies that are getting the word out through a paid advertising campaign and this one isn't any different.

Hundreds of thousands of people will be reading and hearing about this stock this week so there could be some great action in the stock. Read More

Muthoot Finance IPO

Equity
Offer Price ISSUE OPEN (Rs.) ISSUE CLOSE)

Muthoot Finance

Rs. 160-175 18-Apr-11 21-Apr-11
The largest gold financing company in India in terms of loan portfolio. Read: Before invest Read the Prospectus Carefully

Sensex Down 296 points

It was another wobbly session for the Indian equity benchmarks on Monday, shattered by the sell-off in almost all sectors. Financial, capital goods, technology, realty and metal sectors were the major draggers in trade today. Heavyweight Reliance Industries too added more pressure in the last couple of hours of trade.

It was looking like sharp recovery in the morning trade after Friday's steep fall due to Infosys' poor EPS guidance for FY12 - the Sensex had added more than 250 points but those gains could not sustain on the back of profit booking as well as fresh shorts build-up. The 30-share BSE Sensex plunged 296 points, to close at 19,091, after shedding more than 550 points from day's high of 19,649.22. Read full story click here

Nifty Bounce Back

Indian equity benchmarks bounced back on Monday morning after a sharp sell-off seen on Friday due to poor guidance forecasted by Infosys. The Nifty has touched the 5850 level amid volatility. There was a bit of short covering too in trade today.

At 9:19 hours IST, the 30-share BSE Sensex was trading at 19,428, up 41 points and the 50-share NSE Nifty gained 10 points at 5,835. The Nifty April futures were trading at 12 points premium.

Among frontliners, TCS, SBI, ONGC, Hero Honda, L&T, Sterlite, HDFC Bank, Wipro, HDFC, Bharti, Tata Motors, HUL and Hindalco were leading the markets higher.

Asia Mixed Trading

At 7: 47 am (IST), Asian markets were trading mixed. China's Shanghai Composite was up 0.23% or 7.03 points at 3,057.56. Hong Kong's Hang Seng was flat at 24,017.33. Japan's Nikkei was down 0.23% or 22.32 points at 9,569.20. Singapore's Straits Times added 0.45% or 14.31 points at 3,167.61. South Korea's Seoul Composite was flat at 2,142.73. Taiwan's Taiwan Weighted rose 0.42% or 36.56 points at 8,754.68.

15 April 2011

Gold at all-time high of Rs 21,710

Both silver and gold set new records on the bullion market today on hectic buying by stockists for the upcoming marriage season amid firm global cues.

While silver spurted by Rs 2,700 to a new high of Rs 63,200 per kg, gold gained Rs 280 to touch an all-time high of Rs 21,710 per 10 grams.

Trading sentiment turned extremely bullish as gold and silver soared to a record levels in 31 years in global markets as inflation in China accelerated underscoring the challenge that central bankers worldwide face in combating rising prices. Read more

Sensex gains 434 points ahead of Infosys Q4 numbers

It was a spectacular pullback rally for the Indian equity benchmarks on Wednesday, recouped entire losses shed in previous four sessions as well as today's initial sell-off. For more

IT Index Down by 5%

The equity benchmark indices were bleeding in red on poor guidance from IT bellwether Infosys for FY12. BSE IT index was down 5%. Power, capital goods, oil & gas, realty and metals were down 1% each.

At 09.36 hrs IST, the Sensex was down 184.02 points or 0.93% at 19512.84, and the Nifty was down 59.65 points or 1.01% at 5851.85. About 848 shares advanced, 954 shares declined, and 1828 shares remain unchanged.

Hero Honda, Hindalco, Bharti Airtel, HDFC and ITC were up 0.2-2%. On the losing side, Infosys was down close to 7%. Wipro was down 4%. TCS, ONGC and NTPC shed 1-2%. Read more>>

13 April 2011

Positive Asian cues

Indian equity benchmarks were strong in trade after witnessing a consolidation in previous four days with a negative bias. About 40 stocks out of 50 on the Nifty were in green - technology ahead of Infosys earnings tomorrow, financial, auto, capital goods, FMCG and power sectors led the 50-share NSE Nifty to 5850 level at 11:40 hours.

Asian markets too recovered - Nikkei, Straits Times and Kospi were up 1-1.5%. Hang Seng and Taiwan went up over 0.5%. Shanghai rose 0.35%.

Fourth quarter earnings season is set to kick off tomorrow with IT bellwether Infosys. Infosys is expected to report a fourth quarter profit after tax (PAT) of Rs 1856 crore, a growth of 4.2% over Rs 1779.8 crore in previous quarter, according to CNBC-TV18 estimates. Infosys, HCL Tech and Wipro gained more than 1%; TCS jumped over 2%. For more Read the full story

Oil may climb to $200/bbl

2011 wasn’t a good beginning for the Indian market after many investors shunned it citing problems coming off, not only from sensitive issues like inflation and rising oil prices but also various scams blowing up in the face of the government. Read more

12 April 2011

Mop up Rs 12k crore since Mar 22 Foreign Investors

Foreign funds net sold Rs 691 crore of shares on April 11, dragging benchmark indices down by around 1%. This is the first time in 15 sessions, that foreign investors have been net sellers, after having mopped up nearly Rs 12,000 crore of shares since March 22. For calendar 2011 till date, they have net bought close to Rs 3300 crore of shares.

Date
FIIs Purchase/Sales
22-Mar-11
313.3
23-Mar-11
393.2
24-Mar-11
345.5
25-Mar-11
1,517.90
28-Mar-11
481.7
29-Mar-11
1,500.40
30-Mar-11
1,043.40
31-Mar-11
N.A.
4-Apr-11
4,087.30
5-Apr-11
1,562.70
6-Apr-11
716.2
7-Apr-11
383.3
8-Apr-11
356.9
11-Apr-11
*(691.22)
* Provisional figure
 FII flows to emerging markets have turned positive again and it will be critical to see how they pan out going forward. “There are too many pulls and pressures on the indices. I will be very happy if the market doesn’t correct and goes bellow 5700”.

Despite yesterday's sell-off, Indian equity benchmarks outperformed their global peers - the 50-share NSE Nifty and 30-share BSE Sensex gained nearly 8% each while the global markets gained 2-7%.

The market has rallied 10% over the last few sessions despite seeing multiple concerns over Middle East tensions, high commodity and oil prices and rising inflation.

Geo-political tensions in Middle East and North Africa pushed the Brent crude higher upto USD 126.5 a barrel, but that did not stall the rally in equities.

“Oil is at USD 124-125 per barrel and that’s definitely not good for the Indian economy. It brings in some amount of inflation into the economy. The government spending has to start soon to help push the economy ahead.”

Investors to be more cautious as he strongly feels that crude rates will reach another peak post assembly elections and hurt the market sentiment further.

Indian Indices
11-Apr-11
% Change
BSE REALTY
2402.15
18.08
BSE-SMALLCAP
8709.91
12.02
BSE CAPITAL GOODS
13594.91
10.24
BSE IT
6545.1
9.89
BSE-MIDCAP
7123.57
9.72
BSE Auto
9194.67
8.66
BSE POWER
2751.35
8.41
BSE BANKEX
13203.77
8.32
BSE SENSEX
19262.54
7.98
S&P CNX NIFTY
5785.7
7.85
BSE FMCG
3637.98
7.12
BSE Metal
16310.73
6.78
BSE HEALTHCARE
6126.23
5.71
BSE Oil & Gas
9928.18
2.61
Global Indices
Hang Seng
24303.07
7.13
Nikkei
9719.7
5.57
FTSE
6053.44
4.62
Shanghai
3022.75
3.91
CAC
4038.7
3.44
12381.11
2.86
S&P 500
1324.46
2.01
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