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.

Sensex choppy

At 13.07, the Sensex was up 100 points amid volatility. It was a choppy session for the markets as the benchmark index Sensex was hovering in a band of 200 points. Buying was seen in IT, telecom, FMCG and banking stocks. Selling was seen in realty, power and metal stocks.

The Sensex was up 135.83 points or 0.72% at 18996.27, and the Nifty was up 28.65 points or 0.51% at 5683.20. About 986 shares advanced, 1732 shares declined, and 547 shares remain unchanged. For more