Friday, 8 August

4:21 PM - It was a good week for the market. Despite weak global cues the Indian market posted gains. The market was easily able to digest the higher inflation number. Experts feel the market is taking a breather after a fast run up and may witness some choppiness going ahead. The figures this week look good. Sensex gained 3.3%, Nifty 2.5%. BSE Midcap index was up 4.5% and BSE Smallcap index added 2.8% over the week. BSE Bankex index was up 9.5%, BSE Auto index up 8.5% and BSE Realty index was up 5.8%. » Send to friends

4:13 PM - The Asian markets closed mixed while Europe was trading flat. The Indian market saw volatility in a tight range and closed flat. Sensex closed at 15167, up 50 points and Nifty at 4529, up 5 points (provisional) from the previous close. CNX Midcap index was up 0.52% and BSE Smallcap index was up 0.21%%. The market breadth was negative with advances at 596 against declines of 654 on the NSE. Top Nifty gainers included Sterlite, ONGC and Cipla while losers included Cairn, BPCL and Wipro. » Send to friends

4:10 PM - ACC is looking good on the charts and in a rally can go to Rs 795-800, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 629, down 1.48% on the BSE. » Send to friends

4:06 PM - The US Fed hike is needed as the credit crisis continues to spread, says Dr Norbet Walter, chief economist of Deutsche Bank, on NDTV Profit. Crude is expected to touch $200 in the bull cycle, he says. But crude is likely to cool off below $100/bbl by 2010, he feels. India's GDP to slow down to 7.5%, he says. India is preferred over China, he adds. » Send to friends

4:01 PM - The strategy for this market will continue to be buy on dips, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. Sensex target for next week is 15800 where it has resistance and once that is crossed market can go much higher, he adds. Any gap down opening due to international cues should be used as an opportunity to buy, he says. His top trading picks are Kotak Mahindra Bank and Aptech. » Send to friends

3:56 PM - GAIL has resistance at Rs 475, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 407, up 0.32% on the BSE. » Send to friends

3:51 PM - Valuations look attractive in the market now and there has been under ownership in banking stocks, says Prateek Agarwal of Bharati AXA Investment, on NDTV Profit. The outlook is now positive for banking stocks, he adds. » Send to friends

3:46 PM - The uptrend will continue next week and the market may see some more volatility, says Ketan Karani, VP of Kotak Securities, on CNBC Awaaz. The market is forming a higher base as it moves ahead, he adds. » Send to friends

3:42 PM - ITC Ltd. will be an outperformer in the long term and has a target price of Rs 1000 in 5 years, says Rajen Shah of Angel Broking, on CNBC TV18. The stock is currently trading at Rs 190, down 0.63% on the BSE. » Send to friends

3:36 PM - Weak global cues saw a lackluster day for the Indian market that closed flat. Sensex closed at 15152, up 34 points (provisional) and Nifty at 4527, up 3 points (provisional) from the previous close. CNX Midcap index was up 0.61% and BSE Smallcap index was up 0.19%%. The market breadth was negative with advances at 597 against declines of 651 on the NSE. » Send to friends

3:30 PM - ONGC has done a strong base building exercise and has support at Rs 930-94 which is also the stop loss, says E Mathew, technical analyst, on CNBC TV18. The stock has a target price of Rs 1290, he adds. The stock is currently trading at Rs 1065, up 4.05% on the BSE. » Send to friends

3:28 PM - ONGC has support at Rs 990-1000 and resistance at Rs 1110, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 1065, up 4.05% on the BSE. » Send to friends

3:25 PM - ICICI Bank looks good and has resistance at Rs 780-800-850, says Sandeep Wagle of Angel Broking, on NDTV Profit. The stock is currently trading at Rs 726, up 2.5% on the BSE. » Send to friends

3:22 PM - Sterlite Industries gets the nod from the Supreme Court for its Orissa project, reports NDTV Profit. The stock has run up on the news and it is currently trading at Rs 643, up 4.51% on the BSE. » Send to friends

3:19 PM - Sell Nifty with stop loss of 4620 and target of Rs 4400, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy. » Send to friends

3:16 PM - Hold Nifty with short position with stop loss of 4560 and target of Rs 4445, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy. » Send to friends

3:14 PM - Zylog Systems is showing weakness on the charts and one should exit this stock at any rally, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. Switch to Infosys and Satyams in this sector for better gains, he adds. Zylog Systems is currently trading at Rs 246, down 5.13% on the BSE. » Send to friends

3:09 PM - The market is likely to be rangebound for some time and seems to be taking a breather after the fast run up, says Rajen Shah of Angel Broking, on CNBC TV18. The market will now see stock specific movement and all will depend on crude, he feels. There are no negative cues but neither are there are major positive triggers to take it up, he adds. » Send to friends

3:01 PM - The market has witnessed a mild recovery. Sensex is trading at 15189, up 72 points and Nifty is at 4539, up 15 points from the previous close. CNX Midcap index is up 0.39% and BSE Smallcap index is up 0.32%%. The market breadth is negative with advances at 612 against declines of 620 on the NSE. » Send to friends

2:52 PM - GMR Infrastructure has support at Rs 85-90 and resistance at Rs 110, it has a target price of Rs 125-130 in one year, says Ashok Agarwal, technical analyst, on Zee Business. The stock is currently trading at Rs 102, up 1.89% on the BSE. » Send to friends

2:46 PM - Tata Power and IDFC show good risk reward ratio and one can buy these stocks at current levels for the short term, says Anita Gandhi of Arihant Capital, on NDTV Profit. Tata Power is currently trading at Rs 1060, up 0.97% and IDFC is at Rs 101, down 3.53% on the BSE. » Send to friends

2:40 PM - Idea Cellular can offer a 10-15% upside in the next two quarters, says Ashok Agarwal, technical analyst, on Zee Business. The stock is currently trading at Rs 90, up 1.01% on the BSE. » Send to friends

2:33 PM - SEL Manufacturing has bagged orders worth Rs 60 crore, reports CNBC TV18. The stock is currently trading at Rs 548, down 12.47% on the BSE. » Send to friends

2:24 PM - Lesser government control on sale of sugar is positive for the sector and sugar prices are likely to remain capped at current levels, says Narendra Murkumbi, MD of Renuka Sugars, on NDTV Profit. There is an oversupply situation in the domestic and international market, he adds. Renuka Sugars is currently trading at Rs 131, down 1.05% on the BSE. » Send to friends

2:16 PM - The government has deferred the decision on de-control of sugar prices, reports NDTV Profit. The government has stated that sugar mills can sell their entire output in the market from October 1. The sugar stocks have been muted on the news, Sakthi Sugar is down 4.96%, Bajaj Hindustan is down 1.55% and Renuka Sugar is down 0.45%. » Send to friends

2:07 PM - Weak global cues see the Indian market trade sluggish as well. Sensex is trading at 15057, down 60 points and Nifty is at 4510, down 13 points from the previous close. CNX Midcap index is up 0.12% and BSE Smallcap index is up 0.22%%. The market breadth is negative with advances at 537 against declines of 695 on the NSE. » Send to friends

1:59 PM - Hero Honda has support at Rs 800-750 and resistance at Rs 850-900, says Ashu Kakkar, technical analyst, on NDTV Profit. One can book profits and exit the stock at Rs 825, he adds. The stock is currently trading at Rs 822, up 0.29% on the BSE. » Send to friends

1:51 PM - Kotak Mahindra Bank has resistance at Rs 615-620 and a target of Rs 720-750 in one year, says Ashok Agarwal, technical analyst, on Zee Business. The stock is currently trading at Rs 598, down 0.61% on the BSE. » Send to friends

1:44 PM - MTNL has support at Rs 84-95 and resistance at Rs 120-144, says Ashu Kakkar, technical analyst, on NDTV Profit. But for the medium to long term it is better to switch to Bharati Airtel and Reliance Communications, he adds. The stock is currently trading at Rs 110, up 0.32% on the BSE. » Send to friends

1:35 PM - If one wants to construct a model portfolio for the long term, one can invest 25% in the capital goods sector, 25% in the telecom sector, 30% in the FMCG space and 20% in the offshore space, says Anita Gandhi of Arihant Capital, on NDTV Profit. Stock picks are BHEL, Bharati Airtel, ITC and Great Offshore, she adds. » Send to friends

1:28 PM - The government's move towards import parity price on urea is welcome, says US Jha, CMD of RCF, on CNBC TV18. The price band on urea is a long-term view on the part of the government, he says. The subsidy position is bad and budgetary provisions have been exhausted, he adds. RCF is currently trading at Rs 70.35, up 4.84% on the BSE. » Send to friends

1:19 PM - The government okays new investment policy for urea and sets price band at $250-425/tonne, reports NDTV Profit. Existing units producing urea will get 85% FIPP. This is good news for the fertilizer stocks and many are up almost 3-4%. Chambal Fertilisers up 4.6%, Nagarjuna Fertilisers up 4.7%, Madras Fertilisers up 4% and Rashtriya Chemicals and Fertilisers up 5%, all on the BSE. » Send to friends

1:11 PM - BHEL has bagged a power plant order worth Rs 400 crore in Rwanda, reports CNBC TV18. The stock is currently trading at Rs 1735, down 2.21% on the BSE. » Send to friends

1:01 PM - The market continues to trade listless. Sensex is trading at 14933, down 183 points and Nifty is at 4480, down 43 points from the previous close. CNX Midcap index is down 0.47% and BSE Smallcap index is down 0.06%%. The market breadth is negative with advances at 467 against declines of 747 on the NSE. » Send to friends

12:53 PM - In the banking space, Canara Bank, Dena Bank, Allahabad Bank and Axis Bank are good long-term picks, says Rajesh Tambe of Sunchan Securities, on CNBC Awaaz. Reliance Capital is also good for the long term at current levels, he adds. » Send to friends

12:47 PM - The new urea policy is likely to be approved by the CCEA today, reports NDTV Profit. Fertiliser stocks are hence rallying today, Chambal Fertilisers up 2.08%, Nagarjuna Fertilisers up 1.74%, National Fertilisers up 3.21% and Rashtriya Chemicals and Fertilisers up 2.75%, all on the BSE. » Send to friends

12:39 PM - Shiv Vani Oil has been given a buy rating by BNP Paribas with target price of Rs 800, ABN Amro with a target price of Rs 875 and HDFC with a target price of Rs 716, reports NDTV Profit. The stock is currently trading at Rs 558, down 3.04% on the BSE. » Send to friends

12:31 PM - ICSA India has a long-term target (12-18 months) of Rs 600, says Rajesh Tambe of Sunchan Securities, on CNBC Awaaz. The stock is currently trading at Rs 378, down 4.4% on the BSE. » Send to friends

12:23 PM - ICSA India is in a consolidation stage, it has a medium-term target of Rs 460 and support at Rs 350, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 385, down 2.6% on the BSE. » Send to friends

12:15 PM - NTPC has resistance at Rs 195-200, says Prakash Gaba, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 180, he adds. The stock is currently trading at Rs 184, up 0.2% on the BSE. » Send to friends

12:04 PM - Global cues are subdued and so the Indian market is trading weak. The market is trading in a range and witnessing bouts of profit booking. Sensex is trading at 14982, down 134 points and Nifty is at 4494, down 29 points from the previous close. CNX Midcap index is up 0.18% and BSE Smallcap index is up 0.37%%. The market breadth is negative with advances at 569 against declines of 625 on the NSE. » Send to friends

11:55 AM - Reliance Industries is a fundamentally good stock that can be bought any time and must be held for a long term for best profits, says PK Agarwal, market expert, on Zee Business. The stock has resistance at Rs 2350 and if it crosses that it has the potential to go to Rs 2500-2600, he adds. Maintain a stop loss of Rs 2150, he says. The stock is currently trading at Rs 2253, down 0.81% on the BSE. » Send to friends

11:48 AM - Hero Honda is a buy at current levels and has resistance at Rs 867, says Manas Jaiswal of Emkay Shares and Securities, on CNBC Awaaz. The stock is currently trading at Rs 819, down 0.13% on the BSE. » Send to friends

11:41 AM - PTC has a long-term target (12-24 months) of Rs 160, says Rajesh Tambe of Sunchan Securities, on CNBC Awaaz. The stock is currently trading at Rs 84, up 3.6% on the BSE. » Send to friends

11:33 AM - PTC has a short-term target of Rs 100-110 and more stock can be bought at current levels, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 84, up 3.6% on the BSE. » Send to friends

11:28 AM - Bajaj Auto is a buy at current levels and can post 15-20% upside going forward, says Manas Jaiswal of Emkay Shares and Securities, on CNBC Awaaz. The stock is currently trading at Rs 556, down 0.51% on the BSE. » Send to friends

11:21 AM - Shanthi Gears has strong support at Rs 70, it has major resistance at Rs 100-110, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 75, up 11.65% on the BSE. » Send to friends

11:13 AM - Citi slashes Moser Baer rating by 40% and gives it a sell rating, reports NDTV Profit. The stock is currently trading at Rs 103, up 3.02% on the BSE. » Send to friends

11:05 AM - The market has reacted to the inflation number and is trading weak. Sensex is trading at 15014, down 103 points and Nifty is at 4502, down 22 points from the previous close. CNX Midcap index is down 0.14% and BSE Smallcap index is up 0.16%%. The market breadth is negative with advances at 503 against declines of 634 on the NSE. » Send to friends

10:59 AM - In the PSU banking space, Vijaya Bank has a target price of Rs 50 and Central Bank of India has a target price of Rs 74-75 in the short term, says Neppolian Pillai of Modern Shares & Stock Brokers, on CNBC TV18. Vijaya Bank is trading at Rs 38, up 0.26% and CBI is at 63, up 1.11% on the BSE. » Send to friends

10:51 AM - The market will be extremely volatile for some time now and Nifty range will be 4480-4580, says Shomesh Kumar of Karvy Stock Broking, on NDTV Profit. For long term trade, SCI and Adlabs look good while for investment Reliance Industries and Tata Steel look good, he adds. » Send to friends

10:45 AM - ONGC has resistance at Rs 1085 and it can then go to Rs 1125, says Neppolian Pillai of Modern Shares & Stock Brokers, on CNBC TV18. Maintain a stop loss of Rs 960, he adds. The stock is currently trading at Rs 1066, up 4.22% on the BSE. » Send to friends

10:38 AM - ONGC has been in the range of Rs 975-1050 and if it can sustain above Rs 1050 it will mean a breakout and then it could run up to Rs 1240-1250, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 1066, up 4.22% on the BSE. » Send to friends

10:32 AM - The market is likely to be rangebound in the near term, says KN Vaidyanathan, CEO of Alchemy Capital Management, on NDTV Profit. Market has bottomed out and is looking to consolidate now, he says. Market will continue to see high volatility and will recover after 6-9 months, he says. It will see concerns on inflation, interest rates and fiscal rates, he feels. The market will take cues from oil prices and commodities are now showing signs of cooling off, he adds. » Send to friends

10:24 AM - The market is witnessing slight choppiness but quiet. Sensex is trading at 15049, down 68 points and Nifty is at 4514, down 11 points from the previous close. CNX Midcap index is up 0.41% and BSE Smallcap index is up 0.48%%. The market breadth is positive with advances at 555 against declines of 485 on the NSE. » Send to friends

10:18 AM - Top buys at current levels would be Ashok Leyland and KPIT, says VK Doshi, technical analyst, on NDTV Profit. » Send to friends

10:09 AM - If Balrampur Chini crosses Rs 92 it can go to Rs 120, says Rajeev Agarwal of Dynamic Research, on CNBC Awaaz. Maintain a stop loss of Rs 88, he adds. The stock is currently trading at Rs 94, up 0.05% on the BSE. » Send to friends

10:03 AM - It is the right time now for investors to enter this market for the long term, says Sharad Shukla of Axis Bank, on NDTV Profit. But investors need to be cautious on policy risks in sectors like sugar and auto space, he adds. » Send to friends

9:56 AM - The market has opened slightly lower on Friday. Sensex is at 14,999, down 117 points from the previous close. Nifty is at 4497, down 26 points. » Send to friends

9:53 AM - The market is likely to see a negative opening, says an NDTV Opinion Poll. Nifty range is likely to be 4362-4565 with a short term trend downwards. Stocks to watch are BHEL, Shanthi Gears and Petron Engineering. » Send to friends

9:50 AM - BSE MD Rajnikant Patel resigns today, reports NDTV Profit. His resignation follows differences with the top management of the brokerage community and this is expected to be a setback for professionalizing the BSE, it was reported. » Send to friends

9:44 AM - Nifty is likely to see 4750-4800 in the next two weeks, says Ambareesh Baliga of Karvy Stock Broking on Zee Business. Nifty has strong support at 4400 and is unlikely to go below that, he adds. » Send to friends

9:42 AM - The sugar stocks have a sweet future ahead as their trend is positive and if one has a 6-8 month perspective, it is the right time to get into these stocks, says Manas Jaiswal of Emkay Shares and Securities, on CNBC Awaaz. In this space, if Renuka Sugar crosses Rs 145 it can go to Rs 165 in the short term, he adds. The stock is currently trading at Rs 133, down 1.91% on the BSE. » Send to friends

9:35 AM - Inflation for the week ended July 26 is at 12.01% versus 11.98% for July 19, reports NDTV Profit. » Send to friends


ninad avasare
Doubling Stocks