25 March 2011

Yuvraj powers India to dream semis

Australia shed sweat and even blood in a desperate bid to prolong their 12-year reign as world champions but Yuvraj Singh's Midas touch sustained India's billion dreams in Thursday's see-saw quarter-final.

The 29-year-old southpaw claimed 2-44 and returned to smash an unbeaten 57 to script India's five-wicket victory that set up a blockbuster World Cup semi-final against arch-rivals Pakistan on Wednesday.

He collected his fourth man-of-the-match trophy in the tournament and the left-hander reckoned he probably is going through the best phase of his career.

"I think so," Yuvraj told a news conference after receiving a standing ovation from the assembled media.

"Earlier, whatever I was touching was turning into mud. Definitely things have changed," he said, referring to his bad patch prior to the tournament.

Yuvraj said he was playing the tournament for a "special person".

"That I will tell you if we reach the final," he said, refusing to reveal the identity of the mystery person.

Ricky Ponting's 30th one-day international century in what was probably his last World Cup match powered the four-times champions to 260-6 and India initially produced a fumbling response despite half-centuries from Sachin Tendulkar (53) and Gautam Gambhir (50).

Brett Lee's dive to save a boundary that left him with a nasty cut near his eyebrow and a bloodied cheek symbolised Australia's desperation but Yuvraj's unbeaten 74-run partnership with Suresh Raina ended a glorious Australian era.

Ponting, however, disagreed.

"I don't think so. I think it's premature to say that it was an era in cricket. It was a brilliant game tonight... against a very good Indian side on their home soil," he said.

"We are still a very competitive side... we are probably a better game than we showed in the last two games."

Around 48,000 crowd that included India's richest man Mukesh Ambani had thronged the Sardar Patel Stadium to see Tendulkar score his 100th international century.

Instead, they witnessed the resurgence of a beleaguered Australian skipper who spent considerable time during his team's build-up to the match denying retirement rumours and ignoring demands for his removal.

Ponting added 70 runs with Brad Haddin (53) and 55 with David Hussey (38 not out) to defy the seven bowlers India used, including Tendulkar who last rolled his bowling arm back in 2009 against the same opponents.

India's reply got off to a strong start but Virender Sehwag fluffed his pull shot and Tendulkar reached one milestone -- of 18,000 ODI runs -- but fell short of another.

Gambhir (50) grafted his way to his 24th ODI fifty before running himself out and India looked in dire straits after Indian captain Mahendra Singh Dhoni's exit in the 38th over but Yuvraj batted till the end to see them through.

Lift Nifty above 5550

Indian equity benchmarks rallied smartly in opening trade, with the Nifty inching up gradually towards the 5600 level, supported by strong global cues. Infrastructure, banking, oil & gas, technology, realty and metal companies' shares were pushing up the markets.

Rahul Mohindar, viratechindia.com says that there would be lots conviction in the trading if the market manages to break its resistance at 5600. Mohindar is optimistic that the Nifty is likely to head to 5800.

Among frontliners, Infosys, Sun Pharma, ICICI Bank, Axis Bank, DLF, Wipro, L&T, BHEL, Jaiprakash Associates, ACC, HPCL, Dr Reddy's Labs, Ranbaxy Labs, Reliance Inds, TCS, SBI, Bharti and ONGC were leading the markets higher in early trade.


L&T is likely to be biggest gainer in infrastructure space, according to him. The stock gained over 1%.

24 March 2011

Realty, Capital Goods, Tech, Auto, Banks Gain

Indian equity benchmarks remained in a positive terrain for the third consecutive session, with the Nifty holding above the 5500 mark though there was a bit of profit booking at higher levels. Heavyweights like TCS, BHEL, Wipro, ICICI Bank and L&T were leading the market higher, with rising 1.5-2.5%; where value buying could be the reason.

The 50-share NSE Nifty was trading in a tight range of 5505 - 5528 at higher levels; gained 37 points at 5,517 at 12:11 hours. Market veteran Vibhav Kapoor of IL&FS believes the Nifty will continue to trade between 5,200 and 5,600.

"The market continues to stay in that broader range of 5,150 on downside and maybe 5,700-5,750 on the upside and I would expect that range to continue for quite some more time. You would need further negative news on the economy, oil prices and interest rates going up further, inflation not coming under control, de-rating of earnings for FY12, to cause the Nifty to go below 5,200," he said.

The 30-share BSE Sensex went up 134 points to 18,340 followed by the broader indices, with rising around 0.5-0.8%. About 1598 shares advanced as against 1007 shares declined on the Bombay Stock Exchange.

IPO Snapshot for Jan 2011-March 2011

Equity
Issue Price Current Price %Gain/Loss  
  March-2011
205.00 259.05 26.37  
77.00 114.70 48.96  
70.00 207.05 195.79  
90.00 91.70 1.89  
  February-2011
98.00 27.00 -72.45  
  January-2011
70.00 106.00 51.43  
110.00 256.90 133.55  
30.00 32.45 8.17

Nifty above 5500

Indian equity benchmarks gained further in opening trade, with the NSE Nifty bouncing above the 5500 mark, supported by infrastructure, financial, metal and select technology companies' shares. Value buying as well as global markets remain quite supportive.

Jai Bala, Chief Market Technician, Cashthechaos.Com says that the Nifty has key resistance at 5690. “But market is nowhere coming near it. The short term resistances are about 5550 and once market tries to take that out then we can talk about bigger levels,” Bala adds.

Among frontliners, Reliance Industries, TCS, BHEL, Wipro, Bharti, Tata Motors, SBI, ICICI Bank, HDFC Bank, PNB, Ranbaxy Labs, L&T, Jaiprakash Associates and Reliance Power were leading the markets higher in early trade.

However, GAIL, Dr Reddy's Labs, BPCL, Tata Power and HUL were marginally in red.

At 9:18 hours IST - The 30-share BSE Sensex was trading at 18,328, up 122 points and the 50-share NSE Nifty gained 33 points at 5,513.

The CNX Midcap went up 40 points to 7,741. Breadth was also strong; about 597 shares advanced as against 196 shares declined on National Stock Exchange.

New listing - Lovable Lingerie surged 29% to Rs 265 as against issue price of Rs 205 a share.
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