Learn2trade and Gain BSE / NSE

Ingeniouis Investor –
Investment Advisory Division of Ravina Consulting.
Intelligent Investment Ideas for Indian Investors has been helping Investors for the last 2 decades having extensive knowledge about the Indian Capital markets.

Ravina Consulting
Ravina Consulting is a Management Consulting firm engaged in providing professional advise to the clients. Intelligent Investor is a Division of Ravina Consulting exclusively focused on providing research based support to enable Intelligent Investors to make wealth from the Financial markets in India. This program is designed with a view to help the Indian investor keen on making money in the market

The operations have started since the boom of 1984 and with our experience of more than 25 years we have perfected the art of giving the best Portfolio Management / Investment Advisory Services.

www.ingeniousinvestor.blogspot.com
Follow us – www.twitter.com/SmartInvestor

COURSE TITLE : ABCs of Stock Market Investing

OBJECTIVES
• Understanding Indian Financial Markets
• BSE – How it functions
• NSE – How it functions
• Commodities Exchange – How it functions
• Foreign Exchange - Basics
• Sectoral Indices
• Global Indices to track
• Technical Analysis
• Long term / Short term investing
• Day traders delight how to win and time the market 1
. Portfolio - Creating & tracking

PROGRAMME CONTENTS
The course has 1 modules consisting of 30 sessions each conducted online of 30 lectures / sessions followed by an assessment. Out of which 15 are theoretical in nature and 15 are practical applications.

TOOLS & TECHNIQUES :
We provide you with tools and explain the techniques to track the market and make money. We have the following investment options :
1. Long term investment – with holding of more than 12 Months
2. Short term investment – with holding of more than 1 month
3. Weekly investment – mostly BTST with holding of 1 week
4. Day trading – how to trade and make money


PARTICIPANTS' PROFILE
This program is designed for everyone who is keen to enter the Indian Stock
markets – B S E or N S E

Qualification :
A candidate wishing to undergo this program should be conversant with English and able to understand the program contents. Candidate should have basic knowledge of working on computers and is work with MS office and familiar with internet browsing.

Method of Delivery
Web-based / Online / telephone one hour for each session. The online sessions will be based on the presentations / study material sent to the candidates at
the time of registration.

Study Material
A well researched and informative set of study material is given to the students. A simple and easy to understand style of reports makes it easy even for the novices to know about the nuances of the Indian Share Market. The Study Material will be sent by hard copy / soft copy.

Bought to you by

Ingenious Investor
Equity Research Division

Ravina Consulting
No.429 Mahavir Tuscan
Near Hoodi Circle, Whitefield
Mahadevapura Post
BANGALORE 560048

For Stock Advise + Ideas
sowmya@ravinaconsulting.com
Talk / SMS 08105737966

Read - www.ingeniousinvestor.blogspot.com
Follow us - www.twitter.com/smartinvestor

Learn2trade and Gain BSE / NSE

Ravina Consulting
Ravina Consulting is a Management Consulting firm engaged in providing professional advise to the clients. Intelligent Investor is a Division of Ravina Consulting exclusively focused on providing research based support to enable Intelligent Investors to make wealth from the Financial markets in India. This program is designed with a view to help the Indian investor keen on making money
in the markets

Intelligent Investor –
Investment Advisory Division of Ravina Consulting.
Intelligent Investment Ideas for Indian Investors has been helping Investors for the last 2 decades having extensive knowledge about the Indian Capital markets.

The operations have started since the boom of 1984 and with our experience of more than 25 years we have perfected the art of giving the best Portfolio Management / Investment Advisory Services.

www.ingeniousinvestor.blogspot.com
Follow us – www.twitter.com/SmartInvestor

COURSE TITLE : ABCs of Stock Market Investing

OBJECTIVES
• Understanding Indian Financial Markets
• BSE – How it functions
• NSE – How it functions
• Commodities Exchange – How it functions
• Foreign Exchange - Basics
• Sectoral Indices
• Global Indices to track
• Technical Analysis
• Long term / Short term investing
• Day traders delight how to win and time the market 1
. Portfolio - Creating & tracking

PROGRAMME CONTENTS
The course has 1 modules consisting of 30 sessions each conducted online of 30 lectures / sessions followed by an assessment. Out of which 15 are theoretical in nature and 15 are practical applications.

TOOLS & TECHNIQUES :
We provide you with tools and explain the techniques to track the market and make money. We have the following investment options :
1. Long term investment – with holding of more than 12 Months
2. Short term investment – with holding of more than 1 month
3. Weekly investment – mostly BTST with holding of 1 week
4. Day trading – how to trade and make money


PARTICIPANTS' PROFILE
This program is designed for everyone who is keen to enter the Indian Stock
markets – B S E or N S E

Qualification :
A candidate wishing to undergo this program should be conversant with English and able to understand the program contents. Candidate should have basic knowledge of working on computers and is work with MS office and familiar with internet browsing.

Method of Delivery
Web-based / Online / telephone one hour for each session. The online sessions will be based on the presentations / study material sent to the candidates at
the time of registration.

Study Material
A well researched and informative set of study material is given to the students. A simple and easy to understand style of reports makes it easy even for the novices to know about the nuances of the Indian Share Market. The Study Material will be sent by hard copy / soft copy.

Bought to you by

Ingenious Investor

Equity Research Division

Ravina Consulting

No.429 Mahavir Tuscan

Near Hoodi Circle, Whitefield

Mahadevapura Post

BANGALORE 560048

For Stock Advise + Ideas

sowmya@ravinaconsulting.com

Talk / SMS 08105737966

Read - www.ingeniousinvestor.blogspot.com

Follow us - www.twitter.com/smartinvestor

Closing Bell 21 July 2009

losing Bell 21 July 2009

The Indian indices languished below the dotted line throughout today's trading session on account of sustained selling activity witnessed among the index heavyweights. The BSE-Sensex ended the day lower by around 125 points, while the NSE-Nifty closed lower by 33 points. Stocks from the mid-cap index also ended in the negative territory, down by 0.19%. However, stocks from the small-cap index closed in the positive, up by 0.24%. Stocks from the software and power sectors led the pack of losers on the bourses today. While selling pressure was witnessed across sectors, select stocks from the metals and auto sector garnered investors' interest. The overall market breadth was negative with losers outnumbering gainers by a ratio of 1.3 to 1 on the NSE.

While Asian markets closed mixed, the European indices are currently trading firm. The Rupee was trading at 48.41 against the US dollar at the time of writing.

As per a leading business daily, Suzlon Energy has raised US$ 201.9 m (about Rs 10 bn) by issuing securities in the global markets, of which US$ 804 m has been issued through Global Depository Receipts (GDRs) and the remaining US$ 93.9 m through Foreign Currency Convertible Bonds (FCCBs). The company has issued 14.6 m GDRs at US$ 7.4 per unit. According to the terms of the issue, each GDR would entitle the holder to get it converted into four equity shares. The company's debt to equity ratio at the end of FY09 was as high as 1.7. Prior to this GDR issue, Suzlon was looking at a number of options to raise funds to lower this high debt and selling a part of its stake in its Belgian subsidiary Hansen Transmissions was one such option. Having raised funds through the GDRs and FCCBs issued, the company is likely to use these resources to lower its debt burden going forward. The stock closed in the red.

Yes Bank announced its 1QFY10 results some time back. The bank's interest income recorded a growth of 31% YoY during the quarter, on the back of 25.5% YoY growth in the advances. The higher growth in interest income is led by an increase in income from the treasury and corporate banking segments, which grew by 57% YoY and 21% YoY respectively. The non-fund based income more than doubled during the quarter. The cost of debt declined on account of deposit mobilisation through the SME (Small and Medium Entrepreneurs) and retail clients. Despite the higher provisions, which increased more than five times, the net income recorded a growth of 84% YoY during the quarter. The net non-performing assets increased to 0.24% of total advances from 0.17% in the same quarter last year. The bank's capital adequacy ratio remained strong at 17.63% during the end of 1QFY10. The stock ended the day on a flat note.

As per the ministry, the cement output in the current fiscal is expected to grow by around 13% to 212.4 MT. The production of cement by FY11 and FY12 is expected to rise to 23.16 MT and 262.61 MT respectively. The higher demand for the commodity has prompted cement firms to keep raising their output. In 1QFY10 cement consumption increased by 11% YoY. The same is on account of delayed monsoon and upcoming infrastructure projects coupled with stimulus packages announced by the government which supported rural housing demand. The demand growth is expected to sustain as government spending on infrastructure projects, as outlined in the Budget, gathers further momentum. The sector is expected to witness an addition of 60 to 70 MT of capacity over the next two to three years. While this is a positive from a long term standpoint, in the medium term additional capacities are likely to exert downward pressure on cement prices.

Though still in the red, markets shed some of their early losses during the previous two hours of trade. Currently, stocks from the software, energy and engineering sectors are leading the pack of losers, while select stocks from the metal, auto and telecom sectors are trading firm. The overall decline to advance ratio is poised at 1.2 to 1 on the BSE.

The BSE-Sensex and NSE-Nifty are trading weak, down by approximately 45 points and 15 points respectively. However, the BSE-Midcap and the BSE-Smallcap indices are trading higher, up by approximately 0.2% and 0.3% respectively. The Rupee is trading at 48.27 to the US dollar.

Steel stocks are trading higher currently, led by Tata Steel, JSW Steel and SAIL. As per a leading business daily, Tata Steel plans to raise around US$ 500 m through issue of global depository receipts (GDR) priced at US$ 7.6 each. The company will issue around 65 m GDRs, each GDR representing one share. It may be noted that Tata Steel plans to raise the capacity of its Jamshedpur plant from 6.8 m tonnes currently to 10 m tonnes by FY11 at an estimated investment of Rs 120 bn (approximately US$ 2.5 bn). It is also developing its overseas mining project at Mozambique which is likely to be operational by 2010. As per the management, the company is likely to use these funds in overseas mining projects and long term investment plans. However, any details on the nature of the projects have not been disclosed. Tata Steel's consolidated debt currently stands at around US$ 9.8 bn while the cash and cash equivalents are around US$ 2.1.

Software stocks are trading mixed currently. While TCS and Mindtree are trading lower, Wipro and Tech Mahindra are trading higher. Mindtree announced its 1QFY10 results late last evening. The company's topline has declined by 10% QoQ mainly on account of decrease in volumes due to reduced IT spending from existing clients, particularly in the manufacturing and R&D segments. Sales were also impacted on account of pressure on billing rates, as the same declined by 0.5% QoQ. Operating margins slumped by 9% QoQ to 16.6%, led by lower utilisation and increase in software development costs. Subsequently, the company's net profits declined by 17% QoQ.

The Indian markets remained weak during the previous two hours of trade on the back of sustained selling activity among the index heavyweights. Currently, selling activity is being led by stocks from the IT, power and realty sectors, while select metal and engineering stocks are trading firm. The overall market breadth is flat, with the total number of gainers almost equal to the losers on the BSE.

The BSE-Sensex and NSE-Nifty are trading weak, down by around 150 points and 40 points respectively. However, the BSE-Midcap and the BSE-Smallcap indices are trading higher, up by around 0.2% and 0.3% respectively. The Rupee is trading at 48.26 to the Dollar.

As per a leading business daily, Punj Lloyd plans to raise around US$ 125 to US$ 150 m by issuing fresh shares to the qualified institutional buyers. The company has already confirmed its plans to raise funds but has not yet divulged the amount of funds and instrument to be used. It may be noted that Punj Lloyd is in need of funds to retire its high cost debt and infuse liquidity to fund its projects. In fact, the company's cost of debt stood at around 13.5% during FY09. It also has huge debt with a debt to equity ratio of 1.4:1 at the end of FY09. Further, the company requires funds to service its huge order backlog of around Rs 300 bn (2.5 times its FY09 net sales). At the current market price of Punj Lloyd, the fresh capital is expected to dilute 10% of its existing equity capital. Currently, the stock is trading weak on the bourses.

Software stocks are trading weak led by TCS and Infosys. As per a leading business daily, Infosys has bagged a pilot project to roll out an integrated coach management system (ICMS) for the Indian Railways. The pilot project involves setting up ICMS at three different locations at a cost of Rs 40 m. It is believed that Infosys has emerged as the lowest bidder for this pilot project, which was attended by global companies like Siemens and IFS, besides the Indian majors. Even though the initial project cost is small, the success of this project will decide on the time frame whereby the railway authority will decide to float the final tender for the project, which is estimated at around Rs 2.1 bn. The success of this project would help Infosys oversee final tender projects, which would boost its domestic revenues.

After witnessing a strong rally in the past few days, the Indian bourses have opened the day's trade on a negative note as selling is being witnessed at higher levels. While pharma stocks are trading firm, auto, banking, software and engineering stocks are at the receiving end. The overall decline to advance ratio stood at 1.3: 1 on the NSE. As regards global markets, the US and the European markets ended higher yesterday. The Asian markets are trading mixed currently.

The BSE Sensex is trading lower by around 100 points. The NSE Nifty is down 26 points. The BSE Midcap and the BSE Smallcap indices are trading flat. The rupee is trading at 48.12 to the dollar.

IDFC announced its 1QFY10 results yesterday. The company witnessed a standalone sales growth of 8% YoY, while the consolidated income from operations grew by 14% YoY in 1QFY10. The main reason for the spurt in growth was an increase in revenues from the investment and asset management businesses. The consolidated non-interest income witnessed a 21% YoY growth after lower investment banking and loan related fees in FY09. The cost to income ratio increased from 20% in 1QFY09 to 22% in 1QFY10. Standalone bottomline grew by 19% YoY, while consolidated bottomline grew by 26% YoY in 1QFY10 due to improved other income and lower provisioning. IDFC being a play on the infrastructure story, the management expects the growth to be robust on account of strong government focus. It expects a growth in advances mainly to the road sector during the current year. Finance stocks are trading mixed currently.

Power stocks are trading lower. As per a leading business daily, India will fail to meet its power generation growth goal set for the current year. India is likely to add only 70% of an estimated target of 14.5 GW (1 GW is equal to 1,000 MW) power capacity generation additions during FY10. Even during last year, only 46% of the targeted 7.5 GW was added. Further, the peak power deficit is expected to widen this fiscal to 12.6%. The main reasons cited are slow implementation and coal shortage. While there has been an increase in coal production, it is not to the extent required to meet the demand. Coal fuels at least half of India's installed power generation capacity. Earlier, the ministry had estimated India's coal shortfall to touch 70 MT during FY10. Further, delays from equipment suppliers and other contractors, and delays in acquisition of land and clearance of sites for beginning construction of projects have also played spoilsport. As per estimates, India has to generate an incremental 10,000 MW capacity per year for the next 10 years to plug the demand supply gap. The government has outlined a plan, which envisages an addition of 78,000 MW of generation capacity over the next 5 years. However, with the challenges faced, the target would be difficult to meet.

BSE / NSE Market voices 21 July 2009

Market Voices 21 July 2009

Save for a few minutes at the start, the Sensex was down in the red today as participants chose to book profits after recent gains. There were a few good report cards from India Inc and global cues were reasonably positive, but investors chose a cautious route and refrained from indulging in any big buying today.

The Sensex ended at 15,046.46 (provisional) with a sharp loss of 144.55 points or 0.95%. In intra-day trades, it slipped below the 15k mark to 14,956. The Nifty closed at 4461.80, down 40.45 points or 0.9%.

IT, power, PSU, realty and bank stocks declined sharply. Oil, FMCG and capital goods stocks too exhibited weakness.

Select pharma, metal and auto stocks edged higher. Midcap and smallcap stocks outperformed today.

Tata Steel, Maruti, Sun Pharma, L&T, Grasim and HDFC ended higher. TCS, M&M, ACC, Tata Power, ITC, BHEL, NTPC, ICICI Bank, Bharti Airtel, DLF, Infosys, ONGC and RComm closed on a weak note. RIL, SBI and HDFC Bank also ended weak. Jindal Steel closed sharply higher. Suzlon and GAIL India ended with sharp losses. The market breadth was marginally negative at close.

The market is likely to see a few corrective spells before staging another series of rallies. One with a low appetite for risk would do well to stay extremely stock specific and choose only those with a proven track record.

Investors looking at short to medium term can stay invested in fertilizers stocks Chambal Fertilizers, Nagarjuna Chemicals & Fertilizers and GSFC. RCF, Tata Chemicals and Coromandel Fertilizers can be picked up at sharp declines.

ISMT touched an intraday high of Rs 30.40 and an intraday low of Rs 27.70. At 2:40 pm, the share was quoting at Rs 30, up Rs 1.75, or 6.19%.

Voltas touched an intraday high of Rs 140 and an intraday low of Rs 131. At 2:36 pm, the share was quoting at Rs 139.35, up Rs 7.45, or 5.65%. It was trading with volumes of 1,500,089 shares, compared to its five-day average of 683,245 shares, an increase of 119.55%. Yesterday the share closed up 1.42% or Rs 1.85 at Rs 131.90.

Ultratech Cement (Rs 778) is a good one for medium to long term. Though the stock can give fairly decent returns even over a short run, some weak spells are likely as the demand for cement has not picked up any significantly as yet. Sharp dips can be used to increase exposure to the stock.

Petron Engineering Construction Ltd has received an order from Jaiprakash Associates Ltd for Mechanical Fabrication and Erection for Jaypee Balaji Cement Project, Near Village Budhwada, Dist. Krishna, Andhra Pradesh for a total Contract Value of Rs 48.10 crores. The thinly traded stock is up nearly 8% at Rs 119 now.

Glenmark Pharma touched an intraday high of Rs 263.65 and an intraday low of Rs 241. At 1:36 pm, the share was quoting at Rs 261.75, up Rs 15.30, or 6.21%.

Hold Gujarat NRE Coke, says Hemen Kapadia of Chartpundit on CNBC-TV18

Yes Bank has come out with strong results. The bank has posted a net profit of Rs 1000.70 million for the quarter ended June 30, 2009 as compared to Rs 543.30 million for the quarter ended June 30, 2008. Total income has increased from Rs 4861.90 million for the quarter ended June 30, 2008 to Rs 6878.50 million for the quarter ended June 30, 2009. The stock is up by over 4% at Rs 160. A further sharp upmove looks likely in the short run. One can stay invested in the stock

Hold Reliance Industries (Rs 2027) if you are looking at long term. Over a short run, a few spells are in the offing. However, sharp falls can be used to add small quantities to the portfolio. Intra-day traders with a reasonably good appetite for risk can buy this stock now with a stop loss near Rs 2010. A rise to Rs 2040 - 2050 is possible.

India Infoline touched an intraday high of Rs 135.75 and an intraday low of Rs 126.60. At 1:30 pm, the share was quoting at Rs 128.50, down Rs 6.1, or 4.53%. It was trading with volumes of 728,407 shares. Yesterday the share closed up 1.78% or Rs 2.35 at Rs 134.60.

Glenmark Pharma touched an intraday high of Rs 263.65 and an intraday low of Rs 241. At 1:36 pm, the share was quoting at Rs 261.75, up Rs 15.30, or 6.21%. It was trading with volumes of 1,308,095 shares, compared to its five-day average of 328,342 shares, an increase of 298.39%. Yesterday the share closed up 6.23% or Rs 14.45 at Rs 246.45.

Shree Renuka Sugars Limited has posted a net profit of Rs 611 million for the quarter ended June 30, 2009 as compared to Rs 230 million for the quarter ended June 30, 2008. Despite the sharp jump in net profit, the sugar stock is down in the negative territory at Rs 144, down by over 2%. One holding the stock with a long term plan can stay invested for now.

Oil and gas space will continue to outperform, says Gautam Shah, Technical Analyst at JM Financials on CNBC-TV18

Oriental Bank of Commerce has posted a net profit of Rs 257.41 crore for the quarter ended June 30, 2009 as compared to Rs 220.52 crore for the quarter ended June 30, 2008. Total Income has increased from Rs 2159.21 crore for the quarter ended June 30, 2008 to Rs 2796.10 crore for the quarter ended June 30, 2009.

The stock is up by 1.5% at Rs 191. One holding it can stay invested and buy more of it at dips.

Ranbaxy Laboratories has announced that it has received final approval from Health Canada Therapeutic Products Directorate to manufacture and market RAN-Simvastatin tablets in Canada. The total generia market size of Simvastatin tablets in Canada is about CAD$153 million.

Every dip in Gujarat NRE Coke is a buying opportunity: Sudarshan Sukhani, Technical Analyst, on CNBC-TV18

LIC Housing Finance (down 1.3% at Rs 637) has declined sharply ahead of announcement of results.

The stock had surged to Rs 656 earlier this morning. The stock has a near term resistance at Rs 680 - 685 levels. A strong breakout there could result in a surge to Rs 725 or even higher.

One can consider fresh buying in LIC Housing Finance at sharp declines.

Buy Axis Bank, Bank of Baroda on every dip, says Sudarshan Sukhani, Technical Analyst, on CNBC-TV18

MindTree is down sharply following the company revising its earnings for fiscal 2009-10 revenue downwards.

The stock is down by over 9% at 502 now.

One looking at fresh exposure can wait for now.

ICICI Bank is looking expensive at about 1.7 times price to book, says Sanjeev Prasad, Executive Director & Co Head, Kotak Instl Equities, on CNBC-TV18

State Bank of India (Rs 1702) can be tried for intra-day if the stock rises to Rs 1710 and trades firm for a while. The stock could rise to Rs 1725 -1730 if it makes a strong breakout at Rs 1710. A stop loss can be placed at Rs 1690 levels.

Buy IndusInd Bank on dips, says Sudarshan Sukhani, Technical Analyst, on CNBC-TV18

Don't buy IT stocks for trading currently at current levels, says Sudarshan Sukhani, Technical Analyst, on CNBC-TV18

Thermax Limited has posted a net profit of Rs 464.901 million for the quarter ended June 30, 2009 as compared to Rs 637.091 million for the quarter ended June 30, 2008. The company's total income has decreased from Rs 7271.543 million for the quarter ended June 30, 2008 to Rs 5478.852 million for the quarter ended June 30, 2009. The stock is up with a modest gain at Rs 458 now. Since a fall from current levels is likely in the near run, fresh buying can be avoided for now.

Invest in Tata Steel, says Sanjeev Prasad, Executive Director & Co Head, Kotak Instl Equities on CNBC-TV18. "If I look at it on 2011 basis the stock looks okay, not too expensive," he added.

The Nifty (4496) has recovered well after a sharp setback.

The index will now take some good support at 4470 levels. A breach could result in a fall to 4450.

On the positive side, a rise past 4615 is likely to result in a surge to 4635 - 4645.

Gujarat NRE Coke (down 2.9% at Rs 51.80) has declined on profit taking after recent sharp upmove. the company has posted pretty strong numbers for the April - June 2009 quarter. One holding the stock with a long term plan can stay invested and look at buying more at sharp falls. gujarat NRE Coke touched an intraday high of Rs 53.15 and an intraday low of Rs 50. At 10:28 am, the share was quoting at Rs 50.90, down Rs 2.45, or 4.59%

It was trading with volumes of 1,210,415 shares. Yesterday the share closed up 17% or Rs 7.75 at Rs 53.35.

MindTree touched an intraday high of Rs 622 and an intraday low of Rs 520. At 10:26 am, the share was quoting at Rs 520.10, down Rs 33.55, or 6.06%. It was trading with volumes of 264,001 shares. Yesterday the share closed up 13.53% or Rs 66 at Rs 553.65.

Punj Lloyd is reportedly planning to raise US$125-150 million by placing fresh equity with institutional buyers to retire part of its high-cost debt and infuse liquidity. The stock is currently down by 1.5% at Rs 219. One looking at long term can go in for the stock at sharp declines. The stock is a very good buy at Rs 160 - 175 levels.

TCS may move 5% higher, says Sanjeev Prasad, Executive Director & Co Head, Kotak Instl Equities, on CNBC-TV18

Essar Oil has posted a net profit of Rs 1690 million for the quarter ended June 30, 2009 where as the same was at Rs 300 million for the quarter ended June 30, 2008. Total Income is Rs 66060 million for the quarter ended June 30, 2009 where as the same was at Rs 87640 million for the quarter ended June 30, 2008. However, the figures are not strictly comparable as commercial production of the refinery started with effect from May 01, 2008. The stock is up by around 2.75% at Rs 144 at present.

Amtek Auto touched an intraday high of Rs 111 and an intraday low of Rs 100. At 10:15 am, the share was quoting at Rs 105, down Rs 3.35, or 3.09%. There was a block deal of 50 lakh Amtek Auto shares at Rs 100 per share, reports CNBC-TV18. It was trading with volumes of 5,034,357 shares. Yesterday the share closed up 9.78% or Rs 9.65 at Rs 108.35.

Sterlite Technologies touched a 52-week high of Rs 214.05. At 09:58 am, the share was quoting at Rs 214.05, up Rs 10.20, or 5% on the NSE. There were pending buy orders of 78,737 shares, with no sellers available. It was trading with volumes of 8,711 shares. Yesterday the share closed up 5.02% or Rs 9.75 at Rs 203.85.

Stocks to watch

MindTree Ltd, after the IT firm's quarterly profit rose 466 percent helped by mark to market gains, but cut its FY10 outlook on an uncertain market environment.

Era Infra Engineering, after the construction firm's quarterly net profit surged to 964.08 million rupees.

Oriental Bank of Commerce, Yes Bank Ltd, Chambal Fertilisers and Chemicals Ltd, ING Vysya Bank Ltd, LIC Housing Finance Ltd, Shree Renuka Sugars Ltd, Tamil Nadu Newsprint and Papers Ltd and Thermax Ltd are among firms reporting quarterly results on Tuesday.

Brokerage Recommendations 21 July 2009

Brokerage Recommendations 21 July 2009

Buy Sesa Goa around Rs 210 with a short-term target of Rs 235, medium-term target of Rs 250 and stop loss of Rs 200, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 232, down 1.65% on the BSE.

Buy Tata Steel with a target of Rs 420 and stop loss of Rs 393, says Amarjeet Singh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 411, up 5.28% on the BSE. The company successfully closed a GDR issue of $500 million today, reports CNBC Tv18.

Hold Gujarat NRE Coke with short-term target of Rs 61, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 46, he adds. The stock is currently trading at Rs 50, down 5.06% on the BSE.

Buy Tech Mahindra around Rs 770 with a short-term target of Rs 850, medium-term target of Rs 950 and stop loss of Rs 710, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 811, up 1.07% on the BSE.

Buy Voltas with a target of 150 and stop loss of 138, says Nitin Murarka of SMC Global on Zee Business, as closing market strategy.

Buy Tata Steel with a target of 425 and stop loss of 400, says an expert from Trade Swift Broking, on CNBC Awaaz, as closing market strategy.

Buy PFC around Rs 210 with a short-term target of Rs 230, medium-term target of Rs 240 and stop loss of Rs 200, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 224, up 1.7% on the BSE.

In an F&O call, sell Nifty July futures with a target of 4360 and stop loss of 4530, says Manoj Sachdeva, technical analyst, on CNBC Awaaz.

In an F&O call, buy Nifty July futures with a target of 4550 and stop loss of 4430, says Nishant Jain, technical analyst, on CNBC Awaaz.

In an F&O call, sell Nifty July futures with a target of 4400 and stop loss of 4550, says Ashwani Gujral, technical analyst, on CNBC Awaaz.

In an F&O call, sell Nifty July futures with a target of 4400 and stop loss of 4520, says Neera Jain of crnindian.com, on CNBC Awaaz. The market is likely to cool off and correct in the short term, she says.

Hold Sterlite Industries with target of Rs 720-730, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 570, he adds. It has resistance at Rs 635, he says. The stock is currently trading at Rs 594, down 2.61% on the BSE.

Buy BEL with a target of Rs 1600 and stop loss of Rs 1400, says Neera Jain of crnindian.com, on CNBC Awaaz. The stock is currently trading at Rs 1526, up 0.61% on the BSE.

Hold RIL with a target of Rs 2130 and stop loss of Rs 1950, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz. The stock is currently trading at Rs 2032, up 0.08% on the BSE. » Send to friends

buy Rolta with a target of Rs 165-160, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 138, up 0.77% on the BSE.

Buy Indiabulls Real Estate with a target of Rs 250-280, says Mitesh Thakkar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 224, down 1.95% on the BSE.

Buy Patni Computers with a target of Rs 335-340, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 284, down 2.8% on the BSE.

Sell DLF with a target of Rs 345 and stop loss of Rs 355, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 343, down 2.04% on the BSE.

Buy Unitech with a target of Rs 92 and stop loss of Rs 74, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz. The stock is currently trading at Rs 82, up 0.12% on the BSE.

Buy Wipro with a target of Rs 540, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 463, up 0.82% on the BSE.

Hold Core Projects with a stop loss of Rs 96, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 110, down 5.8% on the BSE.

Hold Micro Tech with stop loss of Rs 107, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has resistance at Rs 135, he adds. The stock is currently trading at Rs 119, down 0.50% on the BSE.

Hold IFCI with a target of Rs 53-58 where one can exit, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 50, up 0.9% on the BSE.

Buy Mphasis with a target of Rs 460, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 416, up 0.71% on the BSE.

Hold GVK Power with target of Rs 50, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 36, he adds. The stock is currently trading at Rs 43.25, down 0.9% on the BSE.

Hold Financial Technologies with short-term target of Rs 1640 and long-term target of Rs 2000-2200, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 1370, he adds. It has resistance at Rs 1520, he says. The stock is currently trading at Rs 1420.05, up 2.3% on the BSE.

Buy YES Bank for short-to-medium target of Rs 180-185, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has support at Rs 120, he adds. The stock is currently trading at Rs 158.75, up 3.4% on the BSE.

Hold Dr Reddy's with target of Rs 850-875, says Prasad Kushe, technical analyst, on NDTV Profit. Keep trailing stop loss of Rs 690, he adds. Buy again on dips at Rs 650-700 a month later, he says. The stock is currently trading at Rs 791.75, up 0.1% on the BSE.

Hold Satyam with target of Rs 150, says MB Singh, technical analyst, on Zee Business. It is in a positive uptrend now and has resistance at Rs 114, he adds. The stock is currently trading at Rs 94.30, down 2.9% on the BSE.

Hold Kingfisher Airlines with target of Rs 89, says Prasad Kushe, technical analyst, on NDTV Profit. Keep stop loss of Rs 34, he adds. The stock is currently trading at Rs 48.90, down 4% on the BSE. » Send to friends

Buy Wipro on dips with target of Rs 525-550 in six months, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 440, he adds. The stock is currently trading at Rs 463.25, up 0.5% on the BSE.

At noon the market is trading near the day's low. Sensex is trading at 15035, down 156 points from its previous close, and Nifty is at 4462, down 39 points. CNX Midcap index is down 0.1% and BSE Smallcap index is up 0.2%. The market breadth is negative with advances at 565 against declines of 622 on the NSE.

Buy IndusInd Bank on dips with target of Rs 115, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 75, he adds. The stock is currently trading at Rs 92.80, down 2.1% on the BSE.

Buy IndusInd Bank at current levels with target of Rs 120-130, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 89, he adds. The stock is currently trading at Rs 92.60, down 2.3% on the BSE.

Buy Axis Bank at around Rs 780-810 with target of Rs 1100-1150, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 890.40, up 0.5% on the BSE.

Buy ICICI Bank at Rs 700 with long-term targets of Rs 810 and then 950, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 670, he adds. The stock is currently trading at Rs 776.50, down 1.4% on the BSE.

Hold GMR Infra with target of Rs 163, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 117, he adds. It has resistance at Rs 148, he says. The stock is currently trading at Rs 138.50, down 1.6% on the BSE.

Buy Unitech at Rs 85 with target of Rs 120, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 75, he adds. The stock is currently trading at Rs 81.20, down 1.3% on the BSE.

Hold Gujarat NRE Coke and exit at Rs 62, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It is looking weak on the charts, he adds. The stock is currently trading at Rs 51.75, down 3% on the BSE.

Hold Welspun Gujarat with target of Rs 350 in one year, says MB Singh, technical analyst, on Zee Business. Keep stop loss below Rs 170 in the short term, he adds. It has resistance at Rs 217, he says. The stock is currently trading at Rs 195, down 1.1% on the BSE.

Buy Sesa Goa with target of Rs 275-280, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It is looking good on the charts, he adds. The stock is currently trading at Rs 234.50, down 0.9% on the BSE.

Buy Pantaloon Retail with intra-day target of Rs 288, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 276, he adds. The stock is currently trading at Rs 278, down 0.2% on the BSE.

Buy BEL July Futures with target of Rs 1600, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 1390, he adds. The stock is currently trading at Rs 1520, up 0.2% on the BSE. » Send to friends

Buy Jindal Steel and Power July Futures with target of Rs 3100, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 2600, he adds. The stock is currently trading at Rs 2746, up 3% on the BSE.

Buy Alstom Projects with target of Rs 530, says Hemen Kapadia, technical analyst, on CNBC TV18. Keep stop loss of Rs 512, he adds. The stock is currently trading at Rs 524, up 1.6% on the BSE. » Send to friends

Buy Voltas July Futures with target of Rs 155, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 125, he adds. The stock is currently trading at Rs 134, up 1.6% on the BSE.

Sell Tata Steel with intra-day target of Rs 375, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 396, he adds. The stock is currently trading at Rs 381.40, down 2.5% on the BSE.

Sell Suzlon Energy with intra-day target of Rs 89, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 96, he adds. The stock is currently trading at Rs 92.05, down 2.3% on the BSE.

Buy Aban Offshore at Rs 927 with intra-day target of Rs 975, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 900, she adds. The stock is at Rs 928.50, up 8.4% on the BSE.

Sell REI Agro with intra-day target of Rs 62, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 68.50, he adds. The stock is at Rs 67.25, up 4.9% on the BSE.

Buy Satyam at Rs 97 with intra-day target of Rs 101, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 95.50, she adds. The stock is at Rs 97.15, up 9% on the BSE.

Buy Cairn India at Rs 246 with intra-day target of Rs 252, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 242, she adds. The stock is at Rs 246.30, up 6.1% on the BSE.

Indian Share / Stock Markets BSE NSE Report 20 July 2009

Market Report 20 July 2009

The key benchmark indices clocked strong gains, extending last week's sharp climb, as encouraging Q1 June 2009 results from India Inc and firm global stocks boosted sentiment. The BSE 30-share Sensex rose 446.09 points or 3.03%. The barometer indices struck its highest closing in more than a month. The Sensex crossed the psychological 15,000 mark for the first time in two weeks. World stocks rose on news CIT Group Inc had clinched a last-minute $3 billion rescue by a group of bondholders and probably escaped bankruptcy. CIT lends to nearly one million small and mid-sized US businesses.

Index heavyweight Reliance Industries rallied after the Supreme Court asked the energy giant and former group firm Reliance Natural Resources (RNRL) why a gas pact between the two should not be cancelled.

Banking, realty, and capital goods stocks jumped. TCS vaulted more than 15% and was the major gainer from the Sensex pack on stronger-than-expected Q1 June 2009 results. Other IT majors surged. The market breadth, indicating the overall health of the market, was strong. Except, BSE FMCG index, all the other sectoral indices on BSE, rose.

A bout of intraday volatility was witnessed. The market pared gains after an early surge triggered by firm global stocks. The Sensex hit the psychological 15,000 mark in early trade but fell below the mark shortly. The last time the Sensex had hit 15,000 was on the day of announcement of the Union Budget 2009-2010 on 6 July 2009. The market surged in early afternoon trade with the Sensex regaining the 15,000 mark. The market extended gains in afternoon trade. After hitting a fresh intraday high, the market pared gains in mid-afternoon trade. It spurted in late trade.

Lower costs have helped India Inc report Q1 June 2009 results. The combined net profit of 191 companies rose 41.6% Rs 10,730 crore on 14.9% growth in sales to Rs 72,710 crore in Q1 June 2009 over Q1 June 2008.

But possibility of deficient rains this year raises a risk of low agricultural output and hence high food inflation. The cumulative seasonal rainfall from 1 June 2009 to 15 July was 27% below normal levels. It has adversely affected the kharif sowing. The worst hit crops are rice, oilseeds especially groundnut and soyabean and sugarcane. Spatial distribution and actual rain during July and August are vital to determine its consequences on overall economy.

European shares were higher on Monday, rising for the sixth straight day, with banks the major gainers. The key benchmark indices in France, Germany and UK were up by between 1.3% to 1.53%.

Asian stocks advanced, led by commodity and technology shares, after oil and metal prices gained and US housing starts unexpectedly rose. Key benchmark indices in China, Hong Kong, South Korea, Singapore and Taiwan were up by between 1.02% to 3.7%.

Trading in the US index futures indicated Dow could rise 66 points at the opening bell today, 20 July 2009.

After a strong week, US markets ended Friday's (17 July 2009) trade flat. The Dow added 32.12 points, or 0.4%, to 8,743.94. The S&P 500 index slipped 0.36 points, or less than 0.1%, to 940.38, while the Nasdaq composite index rose 1.58 points, or 0.1%, to 1,886.61. For the week the Dow and S&P were up over 7%. Nasdaq gained almost 8%.

On the earnings front, Bank of America, the largest US bank, said second-quarter net income fell 25% to $2.42 billion and warned results would continue to be hurt by troubled loans from credit card, mortgage and business customers due to the weak economy. Citigroup reported a $4.3 billion quarterly profit, thanks to the merger of its brokerage arm into a new venture after struggling to survive the financial crisis.

General Electric reported a second-quarter profit of 26 cents a share, topping consensus estimates of 23 cents a share. Revenues came in lower by 17%, at 39 billion dollars was slightly below the 42 billion dollars that analysts had predicted.

The BSE 30-share Sensex rose 446.09 points or 3.03% at 15,191.01, its highest closing since 12 June 2009. At the day's high of 15,209.36, the Sensex rose 464.44 points in late trade. At the day's low of 14,854.17, the Sensex rose 109.25 points in early trade.

The S&P CNX Nifty was up 127.30 points or 2.91% to 4,502.25, its highest closing since 16 June 2009. Nifty July 2009 futures were at 4505.60, at a premium of 3.35 points as compared to the spot closing of 4502.25. Turnover in NSE's futures & options (F&O) segment was Rs 70,008.60 crore, much lower than Rs 74,254.90 crore on Friday, 17 July 2009.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1,832 shares rose as compared with 829 that fell. A total of 72 shares remained unchanged. From the 30 shares Sensex pack, 23 rose and rest fell.

From a recent low of 13,400.32 on 13 July 2009, the Sensex has risen 1,790.69 points or 13.36% in five trading sessions. The Sensex is up 6,253.70 points or 64.82% in calendar year 2009, as on 20 July 2009. From a 3-year closing low of 8,160.40 on 9 March 2009, the Sensex has risen 7,030.61 points or 86.15% as on 20 July 2009.

Coming back to today's trade, the BSE Mid-Cap index was up 2.54% and the BSE Small-Cap index was up 2.52%. But both these indices underperformed the Sensex.

The BSE IT index (up 7.26%), the BSE Realty index (up 4.91%), the BSE TECk index (up 4.78%), the BSE Bankex (up 4.37%), the BSE Oil & Gas index (up 3.66%), outperformed the Sensex.

The BSE FMCG index (down 0.49%), the BSE Power index (up 0.89%), the BSE PSU index (up 0.95%), the BSE Consumer Durables index (up 1.64%), the BSE Auto index (up 1.68%), the BSE Healthcare index (up 1.82%), the BSE Capital Goods index (up 2.11%), the BSE Metal index (up 2.12%), underperformed the Sensex.

India's largest private sector firm by market capitalisation Reliance Industries (RIL) rose 5.03% to Rs 2,030.65 after Supreme Court (SC) scheduled next hearing on the dispute over the gas supply to Reliance Natural Resources (RNRL) to 1 September 2009. Media reports quoted Reliance Industries (RIL) lawyer as saying that the Supreme Court has asked parties to explain why gas pact should not be cancelled. The SC has cleared the way for the government to be a party in the court battle, the RIL lawyer was quoted as saying .

Reports also quoted RNRL lawyer as saying that the Supreme court will club all petitions and applications in gas case together. RNRL has asked the Supreme Court to dismiss the government's affidavit on the dispute, even as the petroleum ministry has suggested that the court treats the pact between the two brothers null and void. The dispute concerns supply of natural gas from RIL's field, off the Andhra Pradesh coast, as also the price at which Reliance Natural Gas will get the fuel for power projects within the group.

In reply to the lawsuit filed by Reliance Industries challenging the Bombay High Court order, RNRL has said the government has no role to play in the private gas sharing dispute, and certainly not as a party to the row. The government, however, has said that the country's interest must be taken into consideration first and that cannot be held to ransom by a dispute between two industrialists or a previous, private pact between them.

Shares of oil exploration firms rose as oil rose surged past $64 a barrel mark on Monday, extending last session's 2.5% gains, bolstered by a rally in Asian stocks and fall in the dollar on hopes of a global economic recovery. India's largest state-run oil exploration firm by revenue ONGC rose 1.83%. Cairn India rose 6.05%. US crude oil for August delivery rose 1.59% to $64.57 a barrel after settling up $1.54 at $63.56 on Friday. The rise in crude oil prices would result in higher realizations from crude sales for oil exploration firms.

But PSU OMCs fell on rise in crude oil prices. BPCL and Indian Oil Corporation, fell by between 0.08% to 1.51%. HPCL was flat. Higher oil prices will results in increase underrecoveries at the state-run oil firms on domestic sale of petrol, diesel, LPG and kerosene at a controlled price.

Realty stocks rose on the government's thrust on the housing sector in the Budget. Unitech, Housing Development & Infrastructure, Indiabulls Real Estate, DLF, Omaxe, Ackruti City rose by between 1.06% to 7.8%.

IT stocks jumped on better-than-expected Q1 June 2009 result by India's largest IT exporter by sales TCS after trading hours on Friday. TCS jumped 15.34%. The company's net profit rose 15.27% to Rs 1276.44 crore on 0.12% fall in sales to Rs 5609.60 crore in Q1 June 2009 over Q4 March 2009.

India's third largest IT exporter by sales Wipro rose 7.14%. Its American depository receipt (ADR) rose 3.08% on Friday, 17 July 2009.

India's largest IT firm by sales Infosys rose 5.66%. The company had raised the lower end of its annual forecast in dollar terms at the time of announcing Q1 June 2009 results on 10 July 2009. Its ADR rose 2.95% on Friday, 17 July 2009.

Bank stocks rose after the Finance Minster said last week that the government is committed to financial sector reforms. The minister's articulation of commitment to financial sector reforms suggests that greater foreign direct investment in insurance and pension reforms, issue that had been put in cold storage because of Left opposition during the UPA's last term, would now be expedited.

India's largest private sector bank by net profit ICICI Bank rose 6.01% after its American depository receipt (ADR) rose 3.78% on Friday, 17 July 2009.

India's biggest bank in terms of branch network State Bank of India (SBI) rose 2.78% despite reports the Reserve Bank of India has asked it to set aside more money for bad loans, noting that provisions made by the bank are far short of the industry average.

India's second largest private sector bank in terms of operating income HDFC Bank rose 2.44%. HDFC Bank's net profit rose 30.52% to Rs 606.11 crore on 21.86% rise in total income to Rs 5136.75 crore in Q1 June 2009 over Q1 June 2008. Other income jumped 75.9% to Rs 1043.70 crore in Q1 June 2009 over Q1 June 2008, due to spurt in fees and commissions. The bank announced the result on Tuesday, 14 July 2009. Its ADR rose 1.12% on Friday.

PSU banks, Union Bank of India, Bank of Baroda, Indian Overseas Bank, Bank of India, Punjab National Bank, rose by between 4.64% to 6.48%.

Axis Bank rose 4.06% extending recent sharp gains after net profit rose 70.24% to Rs 562.04 crore on 33.64% rise in total income to Rs 3864.13 crore in Q1 June 2009 over Q1 June 2008. The bank announced the result during market hours on Monday 13 July 2009.

India's largest engineering and construction firm by sales Larsen & Toubro (L&T) rose 2.69% extending Friday's (17 July 2009) 3.03% jump after the company stood by its stated outlook of 25% growth in order inflows for the current year even as the first quarter ended with a negative note. At the time of announcing Q1 June 2009 results, L&T had during trading hours on Thursday, 16 July 2009 said its order inflow was down 22 % in Q1 June 2009 over Q1 June 2008. The company's order backlog at the end of the June quarter was Rs 71, 650 crore ($14.7 billion). The stock fell 3.65% on Thursday after result.

Other capital goods stocks, Punj Lloyd, Praj Industries, BEML, ABB, Siemens, Bharat Heavy Electricals, Thermax, rose by between 0.13% to 4.53%.

FMCG majors fell on slow progress of India's annual monsoon. FMCG firms derive substantial revenue from the rural sector. ITC and Hindustan Unilever fell by between 0.19% to 1.98%.

Some drug makers rose after the Finance Minister Pranab Mukherjee reduced customs duty on life saving drugs in the Budget. Ranbaxy Laboratories, Pfizer, Cipla, Dr Reddy's Laboratories, Wockhardt Lupin, rose by between 0.84% to 2.76%.

Finance minister on 6 July 2009, reduced basic customs duty on influenza vaccine and nine other specified life-saving drugs used for treating breast cancer, hepatitis-B, rheumatic arthritis, etc. The government has also reduced basic customs duty for two bulk drugs used in manufacturing these medicines from 10% to 5%. Bulk drugs are processed raw materials used in manufacturing the final doses of medicines.

Some power stocks rose on bargain hunting after a recent fall triggered by disappointment from the Budget. There was lack of any major sops in the Budget for the power sector. Tata Power Company, NTPC, Power Grid Corporation of India, fell by between 0.22% to 1.29%.

Some cement stocks rose after a thrust on infrastructure development in the Union Budget 2009-2010. Grasim Industries, ACC, Ultratech Cements, rose by between 1.01% to 3.41%.

Construction stocks, too, were in demand. Era Infra Engineering, Hindustan Construction Company, IVRCL Infrstructure &Projects and Nagarjuna Construction Company rose by between 3.03% to 4.65%.

Finance Minister Pranab Mukherjee on 6 July 2009, provided a thrust on various infrastructure projects in the Budget which may result in increase in orders for construction firms and help boost cement demand. The government announced more spending for urban, water and road projects. The allocation to National Highway development program allocation was increased 23% to Rs 15948 crore.

Two-wheeler makers rose, extending last week's gains, boosted by good Q1 June 2009 results from Bajaj Auto during market hours on Thursday, 16 July 2009. Bajaj Auto gained 2.42% extending a recent sharp surge. Bajaj Auto's net profit jumped 67.60% to Rs 293.49 crore in Q1 June 2009 over Q1 June 2008.

India's largest motor bike maker by sales Hero Honda Motors rose 0.85%.

India's largest small car maker by sales Maruti Suzuki India rose 1.97% and India's largest tractor maker by sales Mahindra & Mahindra rose 2.34%. India's largest commercial vehicle maker by sales Tata Motor rose 3.78%.

Metal stocks rose as LMEX, a gauge of six metals traded on the London Metal Exchange rose 1.22% on Friday, 17 July 2009. JSW Steel, Jindal Steel, Hindalco Industries, Steel Authority of India, National Aluminum Company, Hindustan Zinc rose by between 0.45% to 8.13%.

India's largest copper maker by sales Sterlite Industries rose 3.8% on bargain hunting after a recent sharp fall triggered by equity dilution concerns after the company raised $1.5 billion from an issue of American Depositary Receipts in which parent Vedanta has subscribed $500 million.

Some shipping firms rose as Baltic Dry Index, which measures the cost of shipping commodities, rose 1.2% in London on Friday, 17 July 2009. Shipping Corporation of India, Mercator Lines and Essar Shipping rose by between 0.75% to 2.64%.

Sugar stocks rose on firm global sugar prices. Dhampur Sugar, Bajaj Hindustan, Balrampur Chini and Shree Renuka Sugars rose by between 0.51% to 3.35%.

Mahindra Satyam clocked the highest volume of 3.39 crore shares on BSE. Reliance Natural Resources (2.39 crore shares), Cals Refineries (2.23 crore shares), IFCI (1.84 crore shares) and Unitech (1.77 crore shares) were the other volume toppers in that order.

Mahindra Satyam clocked the highest turnover of Rs 329.97 crore on BSE. Reliance Industries (Rs 270.03 crore), Tata Consultancy Services (Rs 196.78 crore), ICICI Bank (Rs 196.33 crore) and Reliance Natural Resources (Rs 193.27 crore) were the other turnover toppers in that order.

BSE / NSE Market voices 20 July 2009

Market Voices 20 July 2009

Aided by strong global markets and some splendid results from India Inc, equities closed on a buoyant note on the major Indian bourses today. Calling the shots right from the stroke of the opening bell this morning, the bulls guided the Sensex to its best close since 12 June 2009.

The Sensex ended the day at 15,166.91 (provisional) with a massive gain of 421.99 points or 2.86%. The Nifty closed at 4496.45, up 121.50 points or 2.78%. While the Sensex hit a high of 15,209.36, the Nifty moved on to 4510.30 today.

IT stocks, led by heavyweights TCS (15%), Wipro (7%) and Infosys (5.6%) had a bright session today. ICICI Bank, DLF, RIL, Hindalco, JP Associates, ACC, Tata Motors, Sterilte, SBI, L&T, Bharti Airtel, Grasim, HDFC Bank, Maruti and M&M also ended on a high note. Unitech, HCL Tech, Cairn India, PNB, Axis Bank, ABB, Siemens, Cipla and Ranbaxy finished with sharp gains.

ITC, RComm, HDFC and Reliance Infra closed weak today. BPCL, Ambuja Cements, Suzlon and RPower also ended weak.

Several midcap and smallcap stocks rallied higher. The market breadth was strong today.

Keep stop loss in IndusInd Bank at Rs 75, says Deepak Mohoni, Technical Analyst, on CNBC-TV18

TCS has target of Rs 525-540, says Mitesh Thacker, Technical Analyst, miteshthacker.com, on CNBC-TV18

GTL Infrastructure has posted strong results for the quarter ended 30 June 2009. The company has posted a net profit of Rs 186.955 million for the quarter ended June 30, 2009 as compared to net loss of Rs 31.929 million it had recorded for the quarter ended June 30, 2008. Total income has increased from Rs 558.331 million for the quarter ended June 30, 2008 to Rs 855.039 million for the quarter ended June 30, 2009. The stock is up by over 4% at Rs 35.40. One can hold the stock with a stop loss near Rs 25.

Cairn India was among the major gainers on the Nifty. It touched an intraday high of Rs 244.90 and an intraday low of Rs 235. The share was quoting at Rs 244.30, up Rs 12.20, or 5.26%. it was trading with volumes of 2,282,356 shares. On Friday the share closed up 1.84% or Rs 4.20 at Rs 232.10.

Voltas, currently traded at Rs 130, can be picked up for short term. The stock can move on to Rs 145 -150 where one can book profits and exit the counter. The stock has an immediate support at Rs 120 levels. A strong breach could result in a fall to Rs 105 or to even lower levels.

DLF touched an intraday high of Rs 347.80 and an intraday low of Rs 333.10. At 1:56 pm, the share was quoting at Rs 343.80, up Rs 10.95, or 3.29%. it was trading with volumes of 2,754,059 shares. Yesterday the share closed up 5.02% or Rs 15.90 at Rs 332.85.

Indiabulls Financial Services touched an intraday high of Rs 187.25 and an intraday low of Rs 181. At 2:09 pm, the share was quoting at Rs 183, up Rs 2.10, or 1.16%. The company has launched upto $200 million QIP issue, quoting NewsWire18, reports CNBC-TV18. It was trading with volumes of 308,775 shares. On Friday the share closed up 0.47% or Rs 0.85 at Rs 180.90.

The mood on the European bourses is bullish as well. US index futures have surged higher, pointo to a positive start on Wall Street.

Strong results from top notch firms including TCS and expectations that government will push forward reforms keep the Indian markets high up in the bull orbit today.

There will be some more rallies in the very short run. However, it is advisable to stay stock specific for now.

Reliance Petroleum touched an intraday high of Rs 126.25 and an intraday low of Rs 122. At 1:41 pm, the share was quoting at Rs 125.80, up Rs 5.05, or 4.18%. it was trading with volumes of 975,152 shares. Yesterday the share closed up 0.29% or Rs 0.35 at Rs 120.75.

RComm (Rs 271) can rise to Rs 278 -280 this afternoon. Day traders with a reasonably good appetite for risk can try this stock now with a stop loss near Rs 265.

IDFC has posted a net profit of Rs 243.49 crore for the quarter ended June 30, 2009 as compared to Rs 204.73 crore for the quarter ended June 30, 2008. The stock is up with a modest gain at Rs 141 now. One holding the stock with a long term view can stay invested.

Consider buying cement stocks Ambuja Cements, India Cements and Ultratech Cement at sharp declines. Though stocks are likely to remain a bit sluggish for about a couple of weeks, a modest to sharp rise looks likely over the next 3 - 6 months.

Suzlon Energy (Rs 95) can give fairly good returns over a short run. One can exit the counter at Rs 120 -125 and take a call on buying the stock again at declines. On the downside, the stock has support near Rs 80 and a stop loss can be placed there.

JSW Steel has posted a net profit after tax of Rs 3400.20 million for the quarter ended June 30, 2009 as compared to Rs 2193.50 million for the quarter ended June 30, 2008. The stock is up 1.2% at Rs 607.50. Day traders with a good appetite for risk can buy the stock. It could rise to Rs 620 - 625. A stop loss can be placed near Rs 595.

Nagarjuna Construction Co. touched an intraday high of Rs 139.95 and an intraday low of Rs 133. At 12:10 pm, the share was quoting at Rs 138.20, up Rs 4.05, or 3.02%. The company has bagged orders worth Rs 776 crore, reports CNBC-TV18. It was trading with volumes of 257,547 shares. On Friday the share closed up 7.15% or Rs 8.95 at Rs 134.15.

Satyam Computer Services above Rs 90-92, says Mitesh Thacker of miteshthacker.com on CNBC-TV18

LIC Housing Finance (Rs 639) can move up further in the near term. The stock could face some resistance near Rs 685 but a strong breach there is likely to lift the stock up by another Rs 20 - 30. Those looking at long term can consider buying the stock at declines.

Indiabulls Real Estate can test Rs 280, says Mitesh Thacker of miteshthacker.com on CNBC-TV18

Zee Entertainment Enterprises touched an intraday high of Rs 199.70 and an intraday low of Rs 186.85. At 11:33 am, the share was quoting at Rs 187, down Rs 7.25, or 3.73%. It was trading with volumes of 263,879 shares. On Friday the share closed up 7.44% or Rs 13.45 at Rs 194.25.

IT majors TCS, Wipro and Infosys can move up further in the near to medium term. However, a few corrective spells are not ruled out. Short term traders can book some profits at rallies and get back into the counter at declines.

Technology stocks could move up, says Vibhav Kapoor of IL&FS Investmart, on CNBC-TV18

Aban Offshore can touch Rs 950, says Mitesh Thacker, Technical Analyst, miteshthacker.com, on CNBC-TV18

Sell Pantaloon Retail below Rs 285: ICICIdirect.com

The Nifty (4441) will take some support around 4410 today. A breach of that level could result in a fall to 4375 or even lower. On the upmoe, a rise to 4475 - 4485 is possible if it makes a decisive breakout at 4450.

Coromandel Fertilisers touched an intraday high of Rs 191.50 and an intraday low of Rs 181.50. At 10:54 am, the share was quoting at Rs 191, up Rs 8, or 4.37%. It was trading with volumes of 11,616 shares. On Friday the share closed up 2.49% or Rs 4.45 at Rs 183.

Sell Divi's Laboratories below Rs 1065: ICICIdirect.com

Buy Hindalco above 81.70 for the targets of 84 / 86 / higher/ with a stop-loss of Rs 81

Nagarjuna Construction Company's order book has grown fatter with the company bagging three new orders aggregating Rs 776 crores. The orders are from the Employess State Insurance Coporation, New Delhi (Rs 600 crores), Mezgon Dock Limited (Rs 136 crores) and National Institute of Technology, Assam (Rs 40 crores). At Rs 136.50, the stock is up by around 1.75% over its previous closing price. One looking for fresh exposure to the stock can try the stock at Rs 115 -120 levels.

Bank of India: Buy above Rs 341 for the target of 346 / 348 / higher/ with a target of Rs 338 - ICICI Direct

Infosys Technologies touched a 52-week high of Rs 1,951.80. At 10:39 am, the share was quoting at Rs 1,948, up Rs 81, or 4.34%. It was trading with volumes of 113,382 shares. Yesterday the share closed up 4.01% or Rs 71.90 at Rs 1,867.

Adlabs Films can test Rs 400-405, says Mitesh Thacker, Technical Analyst, miteshthacker.com, on CNBC-TV18

Reliance Industries touched an intraday high of Rs 2,020 and an intraday low of Rs 1,946. At 10:18 am, the share was quoting at Rs 1,998.30, up Rs 64.90, or 3.36%. It was trading with volumes of 224,428 shares. On Friday the share closed down 0.05% or Rs 0.90 at Rs 1,933.40.

Petronet LNG has posted a net profit of Rs 1033.120 million for the quarter ended June 30, 2009 as compared to Rs 1056.467 million for the quarter ended June 30, 2008. It was trading with volumes of 156,862 shares. On Friday the share closed up 8.44% or Rs 89.50 at Rs 1,150. The Petronet LNG stock plunged to Rs 66 after an early surge to Rs 77 and is currently down with a sharp 5.7% loss at Rs 68.25. One holding the stock with a long term plan can stay invested. Fresh buying can be considered at sharp dips.

Reliance Infrastructure was the top loser on the Sensex. It touched an intraday high of Rs 1,184.40 and an intraday low of Rs 1,105.15. The share was quoting at Rs 1,105.80, down Rs 44.2, or 3.84%

Gujarat NRE Coke's net profit has declined sharply in the April - June 2009 quarter. The Company has posted a net profit of Rs 36.40 million for the quarter ended June 30, 2009 as compared to Rs 944.00 million for the quarter ended June 30, 2008.

Total income has decreased from Rs 3821.20 million for the quarter ended June 30, 2008 to Rs 3346.50 million for the quarter ended June 30, 2009. The stock, however, is trading in the positive territory at Rs 46.40, up 1.75% over its previous close.

Petronet LNG touched an intraday high of Rs 77 and an intraday low of Rs 66. At 10:05 am, the share was quoting at Rs 67, down Rs 5.4, or 7.46%. It was trading with volumes of 287,932 shares. On Friday the share closed up 10.70% or Rs 7 at Rs 72.40.

The market opened on a buoyant note this morning on strong global cues. The Sensex sped past the magical 15,000 mark in a flash after opening with a big gap of around 110 points at 14,854. The barometer is up with a strong gain of 230 points or 1.55% at 14,975 at present. The Nifty has gained 66 points or 1.52% at 4440.95.

Brokerage Recommendations 20 July 2009

Brokerage Recommendations 20 July 2009

Buy Sesa Goa on any correction with a target of Rs 265-270, says Ashwani Gujral, technical analyst, on CNBC TV18. The charts are the strongest, he adds. It is currently trading at Rs 236, up 8.4% on the BSE.

Buy Dr Reddy with a target of Rs 850 and stop loss of Rs 750, says Neera Jain of crnindian.com, on CNBC Awaaz. The stock is currently trading at Rs 790, up 2.7% on the BSE.

Buy Infosys with a target of Rs 2050, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1969, up 5.5% on the BSE.

Buy ICICI Bank with a target of Rs 811 and stop loss of Rs 757, says Mitesh Thakkar, technical analyst, on CNBC TV18, as closing market strategy.

The technology sector was ignored and underowned, and is now likely to rally, says Ashwani Gujral, technical analyst, on CNBC TV18. Buy TCS with a target of Rs 530-565, he says. The stock is currently trading at Rs 495, up 14% on the BSE.

The market sentiment and momentum is good and strong, says Sajeev Dhavan of JV Capital Services, on CNBC TV18. The trend now is to go long, revise stop losses upwards as we are likely to see higher levels, he adds. This is a buy on dips market, he says.

The market is looking good and continues to trade strong. Nifty is trading above the crucial 4500 level. Sensex is trading at 15190, up 446 points and Nifty is at 4502, up 127 points from the previous close. CNX Midcap index is up 2.73% and BSE Smallcap index is up 2.45%. BSE IT index is up 7%, while there is good buying in technology, realty and banking stocks.

In an F&O call, buy Nifty July futures with a target of 4525 and stop loss of 4430, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. This is a bullish trend and one can buy on dips as the market is likely to go to 4580, he says.

In an F&O call, buy Nifty July futures with a target of 4700 and stop loss of 4400, says Hardik Jain, technical analyst, on CNBC Awaaz. This is a buy on dips market, he says.

In an F&O call, buy Nifty July futures with a target of 4500-4700 and stop loss of 4200, says Hormuz Maloo, technical analyst, on CNBC Awaaz. The medium-term trend is strong, so one can buy in a 100-point correction, he says.

In an F&O call, sell Nifty July futures with a target of 4350 and stop loss of 4550, says Akshata Deshmukh, technical analyst, on CNBC Awaaz. The market is likely to see a short covering rally for the next 2-3 sessions, she says.

Buy Shree Renuka Sugars with a target of Rs 155 and stop loss of Rs 135, says Neera Jain of crnindian.com, on CNBC Awaaz. The stock is currently trading at Rs 144, up 0.17% on the BSE.

Buy Allahabad Bank with a medium term target of Rs 92-99-128 and stop loss of Rs 74, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 86, up 9.7% on the BSE.

Buy Ashok Leyland with a target of Rs 38 and stop loss of Rs 31, says Neera Jain of crnindian.com, on CNBC Awaaz. The stock is currently trading at Rs 33, down 1.32% on the BSE.

We see a 60% probability that this is a new bull market, says Ridham Desai of Morgan Stanley on CNBC TV18. Unlike in 2003, this time it is a buy on dips market, he says. Government needs to pursue progressive reforms, he says. But may see another couple of tepid earnings season, he feels.

RNRL-RIL gas sharing case adjourned till September 1, reports NDTV Profit. Supreme Court to consider whether Third Party can intervene in the matter. RIL is trading at Rs 2015, up 4.2% and RNRL is at Rs 80, down 2.89% on the BSE.

SMC Global Securities maintains a buy call on Mahindra & Mahindra with a target of Rs 850 in two months, reports CNBC Awaaz. The stock is currently trading at Rs 798, up 2.5% on the BSE.

Hold South Indian Bank for the medium term with a target of Rs 130-135 once it crosses Rs 105, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 104, up 1.6% on the BSE.

ICICI Securities maintains a buy call on TCS with a target of Rs 525 in one year, reports CNBC Awaaz. The stock is currently trading at Rs 509, up 17.41% on the BSE.

Buy Gammon India, Sobha Developers, HCC on a correction for good long-term gains, says Rajesh Tambe of Sunchan Securities on Zee Business.

Buy Mahindra Lifespace with a target of Rs 419, says Dipan Mehta, BSE/NSE Member, on Zee Business. The stock is currently trading at Rs 300, up 7.26% on the BSE.

Bonanza maintains a buy call on BoB with a target of Rs 435 and stop loss of Rs 417, reports CNBC Awaaz. The stock is currently trading at Rs 430, up 3.5% on the BSE.

Asian markets have seen a tearing rally while European markets have opened firm. Our market is also trading on a good note. Sensex is trading at 15149, up 404 points and Nifty is at 4491, up 116 points from the previous close. CNX Midcap index is up 2.24% and BSE Smallcap index is up 2.30%. There is buying in IT, realty and banking stocks. The market breadth is positive with advances at 951 against declines of 249 on the NSE.

Hold RIL with target of Rs 2120-2140 in the next few days if the market remains in an uptrend, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 2015, up 4.2% on the BSE.

Buy Satyam with target of Rs 130, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 66, he adds. The stock is currently trading at Rs 94.35, up 5.8% on the BSE.

Buy Suzlon Energy at Rs 84-85 with target of Rs 110-125, Hitendra Vasudeo, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 75, he adds. The stock is currently trading at Rs 95.65, up 0.1% on the BSE.

Hold TCS for good returns in the future, says Rajesh Tambe of Sunchan Securities on Zee Business. The fundamentals of this company are good, he adds. The stock is currently trading at Rs 496, up 14.4% on the BSE.

Hold TCS with target of Rs 525-540 in the next few weeks, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 495.50, up 14.3% on the BSE.

Hold Sterlite Technologies with target of Rs 250-275 in one year, says DD Sharma of Anand Rathi Securities on CNBC Awaaz. The stock is currently trading at Rs 202.15, up 3.3% on the BSE.

Book profits in Suzlon Energy at Rs 130-140, says Paras Bothra of Ashika Stock Broking on NDTV Profit. The stock is currently trading at Rs 96.10, up 0.5% on the BSE.

Hold Glenmark Pharma and exit at Rs 250, says Pankaj Jain of Satguru Capital on Zee Business. Instead invest in Ranbaxy which is a better stock, he adds. The stock is currently trading at Rs 241, up 3.9% on the BSE.

At noon, the market is trading firm and near the day's high. Sensex is trading at 15051, up 306 points from its previous close, and Nifty is at 4462, up 87 points. CNX Midcap index is up 2.1% and BSE Smallcap index is up 2.2%. The market breadth is positive with advances at 941 against declines of 259 on the NSE.

Buy Tata Steel at Rs 300-365 with short-term target of Rs 450, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 394.65, up 0.5% on the BSE.

There has been a good run-up in the market on some financial reforms post budget, says Milind Barve of HDFC AMC on CNBC TV18. He believes that investors should still keep a close eye on earnings as it is still early to take a call of them. I think monsoon is unlikely to impact the market too much, he adds.

Hold LIC Housing Finance which will give good appreciation in the future, says Rajesh Tambe of Sunchan Securities on Zee Business. The stock is currently trading at Rs 634.80, up 1.9% on the BSE.

Buy Satyam above Rs 90-92 with target of Rs 125, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 93, up 4.3% on the BSE.

Buy JSW Steel which is showing a good upmove, says Prakash Gaba, technical analyst, on CNBC Awaaz. Keep short-term target of Rs 650 he adds. The stock is currently trading at Rs 606, up 0.9% on the BSE.

Hold Jindal Steel & Power with long-term target of Rs 3000, says Pankaj Jain of Satguru Capital on Zee Business. It has good support at Rs 2250, he adds. The stock is currently trading at Rs 2645, up 0.9% on the BSE.

Buy Indiabulls Real Estate with targets of Rs 250 and then 280, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 228, up 0.8% on the BSE.

Buy Crompton Greaves at Rs 300 with target of Rs 330, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 285, he adds. The stock is currently trading at Rs 290.25, down 4.1% on the BSE.

Hold Satyam with short-term target of Rs 95, says Pankaj Jain of Satguru Capital on Zee Business. It is currently trading in the range of Rs 75-95, he adds. The stock is currently trading at Rs 93, up 4.3% on the BSE.

Buy Satyam which is looking good for the long term, says Prakash Gaba, technical analyst, on CNBC Awaaz. Keep targets of Rs 100 and then 130, he adds. The stock is currently trading at Rs 93.25, up 4.6% on the BSE.

Buy Voltas with target of Rs 140, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 120, he adds. The stock is currently trading at Rs 131.80, up 1.4% on the BSE.

Buy Bank of Baroda at Rs 415 with target of Rs 440, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Keep stop loss below Rs 400, he adds. The stock is currently trading at Rs 423.50, up 2% on the BSE.

Buy NIIT Tech with target of Rs 112, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 98, he adds. The stock is currently trading at Rs 105.55, up 1.3% on the BSE. » Send to friends

Buy Firstsource with intra-day target of Rs 24, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 21, he adds. The stock is currently trading at Rs 22.40, up 1.6% on the BSE.

Buy Karnataka Bank with target of Rs 150, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 130, he adds. The stock is currently trading at Rs 141.65, up 25 on the BSE.

Buy Shree Renuka Sugars with intra-day target of Rs 152, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 142, he adds. The stock is currently trading at Rs 145.50, up 0.5% on the BSE.

Buy ICICI Bank at Rs 743 with intra-day target of Rs 760, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 734, she adds. The stock is at Rs 742.45, up 6.8% on the BSE.

Buy Kajaria Ceramics with intra-day target of Rs 39, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 35, he adds. The stock is at Rs 36.40, up 10% on the BSE.

The TCS numbers are better than street estimates but the guidance is slightly muted, says Jagdish Malkani of Taib India on CNBC TV18. The upside for the market looks limited and I expect selling pressure above 4400 on the Nifty, he adds.

Buy Satyam at Rs 89 with intra-day target of Rs 94.50, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 87, she adds. The stock is at Rs 89.15, up 8.7% on the BSE.

BSE / NSE Market voices 16 July 2009

Market voices 16 July 2009

The market opened on a rousing note on strong global cues but turned volatile past noon and finally ended on flat note after a choppy ride in afternoon trade. The Sensex ended at 14,256.57 (provisional) with a small gain of 3.33 points. It touched a high of 14,493.10 in morning trade, but fell to 14,169.58 around mid afternoon.

Capital goods stocks ended lower. Auto, oil, consumer durables and pharma stocks found support. IT, realty, FMCG, bank, power and metal stocks gave up early gains and ended well off their highs. RIL, RComm, NTPC, Maruti Suzuki, Hero Honda, Tata Steel and Tata Motors moved up sharply.

Sterlite, JP Associates, L&T, Reliance Infra, HDFC, ACC, DLF, ONGC and SBI closed with sharp losses. Cairn India, Idea Cellular, ABB, SAIL, Ambuja Cements and Suzlon Energy closed on a weak note. GAIL India, Cipla, PNB, Ranbaxy, Nalco and Unitech ended with notable gains. Midcap and smallcap stocks drifted lower on profit taking. The market breadth, however, was positive at close.

NTPC touched an intraday high of Rs 208.80 and an intraday low of Rs 199.80. At 3:27 pm, the share was quoting at Rs 206.70, up Rs 7.70, or 3.87%. It was trading with volumes of 7,899,819 shares. Yesterday the share closed up 1.82% or Rs 3.55 at Rs 199.

L&T has slipped following a sharp fall in order inflow in June 2009. One holding the stock can stay invested if looking at long term. Exposure to the stock can be increased at sharp declines. Short term investors can exit the counter at rallies and buy back later at dips.

Jaiprakash Associates (Rs 198) is a good one for long term. One can buy the stock in a staggered way. Though some weakness is likely in the near term, a modest upmove cannot be ruled out.

Reliance Industries touched an intraday high of Rs 1,967.85 and an intraday low of Rs 1,880. At 2:47 pm, the share was quoting at Rs 1,966, up Rs 89.70, or 4.78% on the NSE. It was trading with volumes of 4,533,524 shares. Yesterday the share closed up 3.43% or Rs 62.25 at Rs 1,876.30.

GAIL has touched a 52-week high of Rs 346. At 2:47 pm, the share was quoting at Rs 345.55, up Rs 19, or 5.82%. It was trading with volumes of 704,317 shares. Yesterday the share closed up 1.63% or Rs 5.25 at Rs 326.55.

Larsen and Toubro can slip to Rs 1270, says Anu Jain on CNBC-TV18

Sterlite Industries has support at Rs 580, says Anu Jain, VP, IIFL Private Wealth Management at India Infoline, on CNBC-TV18

Tata Steel's subsidiary Tata Global Minerals Holdings Pte Limited, has acquired 19.38% stake in Riversdale Mining Limited, Australia. The Australian firm has acquired coal exploration tenements in Mozambique with the combined tenement size now in excess of 250,000 hectares in the Tete-Moatize area.

NTPC, Power Grid, PFC and Areva can be bought at declines for long term. Though a sharp upmove over a short run is not ruled out altogether, some weakness is likely in the next few sessions.

Hold Bajaj Auto says Mohindar on CNBC-TV18. "The scrip has some resistance at the previous peak towards the Rs 1165 levels but getting to Rs 1220-1230 should not be a problem in the short term", he says.

Hexaware Technologies is trading higher by 4.87 per cent at Rs 43.05. The intra-day high of the scrip being Rs 48 and low being Rs 42.

Axis Bank and HDFC Bank look attractive for long-term bets, says Srikant Chouhan, technical analyst, Kotak Securities, on CNBC TV18. One can buy stocks from infrastructure space at sharp declines. IVRCL Infra, GMR Infrastructure, PBA Infrastructure and Reliance Industrial Infrastructure can be picked up in small quantities at dips.

Patni Computers was trading up at Rs 294, higher by Rs 17.05 on the NSE. Total traded quantity was at 2,96,077

Zee Entertainment Enterprises touched an intraday high of Rs 177 and an intraday low of Rs 162.10. At 1:56 pm, the share was quoting at Rs 175.40, up Rs 11.55, or 7.05%. It was trading with volumes of 1,388,876 shares, compared to its five-day average of 315,804 shares, an increase of 339.79%. Yesterday the share closed up 0.74% or Rs 1.20 at Rs 163.85.

Banking behemoth SBI was trading weaker at Rs 1600.10, down 2.25 per cent on the NSE. Total trading quantity was 10,91,964

IDBI has lost nearly 4.45 % on the NSE. The scrip was last trading at Rs 95.50. The scrip opened higher at Rs 104

Sterlite has lost nearly 8.29% on the NSE. The scrip was last trading at Rs 577.30, with intra-day high of Rs 641 and intra-day low of Rs 572. Total traded quantity was 65,26,878

Larsen & Toubro trading weak despite posting strong results. On the NSE, the scrip has lost 3.33 per cent at Rs 1383.

Godrej Industries locked at 10% upper circuit. The scrip's intraday high is Rs 135.70 and intraday low is Rs 127. The share was up Rs 12.30 at Rs 135.70.

Welspun-Gujarat Stahl Rohren has posted a profit after tax of Rs 138.21 crore for the quarter ended June 30, 2009 as compared to Rs 71.14 crore for the quarter ended June 30, 2008. The total income has also increased sharply from Rs 1096.73 crore for the quarter ended June 30, 2008 to Rs 1883.80 crore for the quarter ended June 30, 2009. The stock is trading a percent down at Rs 202. Earlier, it had touched a high of Rs 208.70 this morning. One can stay invested in the stock.

Investors can hold Mercator Lines, says Ashwani Gujral, technical analyst, on CNBC TV18. Target for the scrip is Rs 65. On the BSE, it is trading down by 0.63 % at Rs 55

Zee Entertainment's profit for the quarter ended June 2009 has declined sharply. The media firm has posted a net profit after tax of Rs 71.27 crore for the quarter ended June 30, 2009 as compared to Rs 130.97 crore for the quarter ended June 30, 2008. The company's total income decreased from Rs 359.34 crore for the quarter ended June 30, 2008 to Rs 266.65 crore for the quarter ended June 30, 2009. Despite weak results, the stock shot up to Rs 177 this afternoon and is currently trading at Rs 172, up over 5% on its previous closing price.

Macro wise power sector looks like a pretty positive sector to be in, says Rajat Rajgarhia, Director Research, Motilal Oswal Financial Securities, on CNBC-TV18.

Buy Sterlite Industries on declines, says Rajat Rajgarhia, Director Research, Motilal Oswal Financial Securities, on CNBC-TV18

Jai Corp was locked at 5% upper circuit. It touched an intraday high of Rs 220.55 and an intraday low of Rs 220.55. At 12:46 pm, the share was quoting at Rs 220.55, up Rs 10.50. there were pending buy orders of 23,601 shares, with no sellers available. It was trading with volumes of 10,077 shares. Yesterday the share closed up 5% or Rs 10 at Rs 210.05.

Thanks to buoyant results, Bajaj Auto has moved up by over 6% to Rs 1166 this afternoon. Bajaj Auto has posted a net profit of Rs 2934.90 million for the quarter ended June 30, 2009 as compared to Rs 1751.10 million for the quarter ended June 30, 2008. Total Income has increased from Rs 23334.50 million for the quarter ended June 30, 2008 to Rs 23616.10 million for the quarter ended June 30, 2009.

Thermax touched an intraday high of Rs 463.55 and an intraday low of Rs 430.10. At 12:37 pm, the share was quoting at Rs 454, up Rs 26.70, or 6.25%. It was trading with volumes of 39,505 shares, compared to its five-day average of 16,332 shares, an increase of 141.88%. Yesterday the share closed up 3.95% or Rs 16.25 at Rs 427.30.

Satyam Computer Services touched an intraday high of Rs 82 and an intraday low of Rs 77.75. At 12:26 pm, the share was quoting at Rs 80.75, up Rs 3.45, or 4.46%. It was trading with volumes of 15,950,867 shares. Yesterday the share closed up 3.07% or Rs 2.30 at Rs 77.30.

CESC (Rs 282) is a good stock for long term. Over a short term, the stock is likely to rise to Rs 295 - 300. Short term traders can book some profits at those levels and make a re-entry later at declines. Long term investors can continue to hold the stock with a trailing stop loss.

Punj Lloyd is trading near resistance level, long position is not recommended, says Vasudev, CEO, Angel Broking Hold Hindalco with a stop loss of Rs 67. It is showing higher top, higher bottom char formation: Angel Broking Metal counters look positive: Angel Broking

Bajaj Hindusthan touched an intraday high of Rs 164.35 and an intraday low of Rs 152.40. At 12:07 pm, the share was quoting at Rs 154.20, down Rs 5.4, or 3.38%. It was trading with volumes of 818,358 shares. Yesterday the share closed up 8.17% or Rs 12.05 at Rs 159.60. 12:03 PM: Inflation is in the negative territory for a fifth straight week. According to the data released a little while ago, India's inflation was down 1.21% for the week ended July 4. It was down 1.55% in the previous week.

Navneet Publications touched an intraday high of Rs 89.90 and an intraday low of Rs 81.50. At 11:41 am, the share was quoting at Rs 84.30, up Rs 3.80, or 4.72%. The company board has meet on July 31 to discuss Bonus Issue, reports CNBC-TV18.

It was trading with volumes of 790,330 shares, compared to its five-day average of 135,515 shares, an increase of 483.20%.

Yesterday the share closed up 5.78% or Rs 4.40 at Rs 80.50.

Hold RNRL, says Vasudev, CEO, Angel Broking Steel sector positive, says Gajendra Nagpal, CEO. Unicorn Financial Intermediaries

Larsen & Toubro has reported a substantial rise in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company rose 3.18 times to Rs 15,982 million from Rs 5,024.40 million in the same quarter last year. The stock is trading 2% down at Rs 1401 now. One looking at long term can consider fresh buying in the stock at declines.

ONGC touched an intraday high of Rs 1,054 and an intraday low of Rs 1,024.50. At 11:31 am, the share was quoting at Rs 1,030.30, down Rs 9.1, or 0.88%. The company has started crude oil production in Brazil, quoting Business Standard, reports CNBC-TV18. It was trading with volumes of 580,327 shares. Yesterday the share closed up 3.97% or Rs 39.70 at Rs 1,039.40.

Maruti Suzuki (Rs 1106) can be retained for medium to long term. Intra-day traders with some appetite for risk can go in for the stock at current levels with a stop loss near Rs 1090. The stock could rise to Rs 1126 or even higher if it manages a decisive breakout at Rs 1108.

Gujarat NRE Coke touched an intraday high of Rs 44.50 and an intraday low of Rs 41.50. At 10:56 am, the share was quoting at Rs 42.50, up Rs 1.75, or 4.29%. The company is going to invest Rs 536 crore this fiscal for expansion, reports business Line. It was trading with volumes of 955,428 shares. Yesterday the share closed up 8.23% or Rs 3.10 at Rs 40.75.

Suzlon Energy's German unit, REpower Systems has won an order to supply 30 turbines with total output of 150 megawatts. The Suzlon Energy stock is up by around 3.25% at Rs 96.95. A modest rise looks very likely in the near run. One can stay invested and buy more of the stock if willing to take some chances.

Cement stocks are likely to see a few rounds of strong buying in the near term. One can go in for stocks like ACC, India Cements, Ambuja Cements, Ultratech and Birla Corporation at declines. Short term players can book some profits at rallies and re-enter at lower levels.

Tata Motors touched an intraday high of Rs 303 and an intraday low of Rs 293. At 10:26 am, the share was quoting at Rs 302.50, up Rs 13.95, or 4.83%. It was trading with volumes of 967,901 shares. Yesterday the share closed up 5.97% or Rs 16.25 at Rs 288.55.

Sterlite Industries has announced that it will be raising about $1.5 billion in an issue of American Depositary Receipts, with parent Vedanta to buy $500 million of the issue. The deal, arranged by JPMorgan and Morgan Stanley, was launched in the United States on Wednesday, 15 July 2009, and is set to price shortly. The company intends to use the net proceeds from the offering for the further development of its power generation business in India, planned capital expenditures, planned and potential acquisitions and for general corporate purposes. The Sterlite Industries stock is down by over 5% at Rs 596 at present.

Suzlon Energy, after the wind turbine maker said its German unit, REpower Systems, had won an order to supply 30 turbines with total output of 150 megawatts.

Alembic Ltd, after the pharmaceutical company said it had raised Rs 50 crore through bonds

Brokerage Recommendations of shares 16 July 2009

Brokerage Recommendations 16 July 2009 In the auto space, Maruti Suzuki is the best for long-term gains, says Upendra Kulkarni, technical analyst, on NDTV Profit. His other two picks are Hero Honda and Mahindra & Mahindra. In the infrastructure space, accumulate L&T and BHEL (top picks) on dips and keep in the portfolio for good long-term gains, says Srikant Chouhan, technical analyst, Kotak Securities, on CNBC TV18. In the cement space, buy ACC,Ambuja Cements and Kesoram (top picks) for good long-term gains, says Upendra Kulkarni, technical analyst, on NDTV Profit. Buy PFC with a target of Rs 226 and stop loss of Rs 209, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 217, down 3.4% on the BSE. Buy Gujarat NRE Coke with a target of Rs 46 and stop loss of Rs 36.50, says Jatindar Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 43, up 6.38% on the BSE. Sell ACC with a target of Rs 760 and stop loss of Rs 810, says technical analyst of TradeSwift Broking, on CNBC Awaaz, as closing market strategy. Book profits in all Nifty positions, says Vijay Bhambwani, technical analyst, on CNBC Awaaz, as closing market strategy. Sell DLF with a target of Rs 300 and stop loss of Rs 322, says technical analyst of TradeSwift Broking, on CNBC Awaaz, as closing market strategy. The market is seeing profit booking at higher levels, says Ashwani Gujral, technical analyst, on CNBC Awaaz. In an uptrend the market generally takes a pause of a day or two before resuming its trend, he feels. Nifty will now in a range of 3900-4500, he says. Go long after Nifty crosses 4305, he adds. The intermediate downtrend seems over now, says Rajat Bose, technical analyst, on CNBC TV18. If we close above 4270 comfortably, it will signify a trend reversal, he feels. Nifty has strong support at 4185-4144 and buying is expected to emerge at lower levels, he adds. Hold RIL with a target of Rs 1953-2050 where one can exit the stock, says Anil Maghnani, technical analyst, on Zee Business. The stock has support at Rs 1650 where it's a great buy for the long-term, he adds. It is currently trading at Rs 1948, up 3.9% on the BSE. Buy India Infoline with a target of Rs 158 and stop loss of Rs 122, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 137, up 4.05% on the BSE. Buy Alkali Metals with a target of Rs 270 and stop loss of Rs 215, says Jatindar Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 257, up 3.15% on the BSE. Buy United Spirits with a target of Rs 936 and then it could rally up to Rs 980 and stop loss of Rs 889, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 935, up 7.3% on the BSE. The market is likely to be volatile and now move into a range, says Sandeep Jain of Tradeswift, on CNBC Awaaz. A further 10-15% correction is not ruled out and would be healthy for the market, he adds. Investors can buy select stocks on dips, he feels. The market is under pressure and trading flat. Sensex is trading at 14225, down 28 points and Nifty is at 4224, down 8 points from the previous close. CNX Midcap index is up 0.13% and BSE Smallcap index is up 0.63%. The market breadth is positive with advances at 709 against declines of 497 on the NSE. In the banking space, buy Axis Bank and HDFC Bank for good long-term gains, says Srikant Chouhan, technical analyst, Kotak Securities, on CNBC TV18. Buy JP Associates with a target of Rs 225-236 and stop loss of Rs 185, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 201, down 2.2% on the BSE. Buy Tata Steel, Sesa Goa and JSW Steel for good gains, says Hemang Jani of Sharekhan on CNBC Awaaz. In the cement sector, he would advise investing in UltraTech Cement and Madras Cement. Hold Tata Motors for medium to long term with target of Rs 350, says PK Agarwal of Purpleline Investment on Zee Business. It has resistance at Rs 315, he adds. The stock is currently trading at Rs 299, up 3.6% on the BSE. Hold Mercator Lines with target of Rs 65, says Ashwani Gujral, technical analyst, on CNBC TV18. It has strong support at Rs 50, he adds. The stock is currently trading at Rs 55, down 0.63% on the BSE. Flat global cues see our market come off the day's highs. Sensex is trading at 14294, up 41 points and Nifty is at 4244, up 11 points from the previous close. CNX Midcap index is up 0.57% and BSE Smallcap index is up 0.85%. The market breadth is positive with advances at 777 against declines of 424 on the NSE. Hold Hindalco with targets of Rs 112 and then 125, says Vasudeo Kamlakant, technical analyst, on NDTV Profit. Keep stop loss of Rs 67, he adds. It has resistance at Rs 85 and 90, he says. The stock is currently trading at Rs 78.70, down 1.2% on the BSE. Hold Indiabulls Real Estate with targets of Rs 234 and then 262, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. It has support at Rs 200, she adds. The stock is currently trading at Rs 218.20, up 1.1% on the BSE. Hold Indiabulls Real Estate and exit when it goes to Rs 240, says DD Sharma of Anand Rathi Securities on CNBC Awaaz. Buy again on dips and trade in the same manner, he adds. The stock is currently trading at Rs 216, up 0.1% on the BSE. Hold SCI with target of Rs 155, says Ashwani Gujral, technical analyst, on CNBC TV18. It has resistance at Rs 135, he adds. The stock is currently trading at Rs 124.50, up 0.1% on the BSE. We remain overweight on India, says Nilesh Jasani of Credit Suisse on CNBC TV18. While India's price to book value is higher than Asia, the ROE of 17.5% is much higher than Asia's 10.8%, he adds. Hold RNRL with targets of Rs 112 and then 124, says Vasudeo Kamlakant, technical analyst, on NDTV Profit. It has resistance at Rs 87 and 93, he adds. The stock is currently trading at Rs 82.40, up 3.8% on the BSE. Buy Zee Entertainment at Rs 157 with target of Rs 188, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 164.40, up 0.3% on the BSE. » Send to friends Hold Polaris Software with targets of Rs 115 and then 125, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 80, he adds. The stock is currently trading at Rs 107.35, up 6% on the BSE. At noon the market appears to be coming under some pressure, losing the earlier gains. Sensex is trading at 14302, up 49 points from its previous close, and Nifty is at 4244, up 10 points. CNX Midcap index is up 0.5% and BSE Smallcap index is up 0.7%. The market breadth is positive with advances at 783 against declines of 402 on the NSE. Hold Reliance Power with target of Rs 180 in a couple of days, says Ashwani Gujral, technical analyst, on CNBC TV18. It has strong support at Rs 143, he adds. The stock is currently trading at Rs 165.90, up 0.9% on the BSE. WPI for all commodities is up 0.7% at 236.4(WoW), reports NDTV Profit. Manufactured Products Index is up 0.2%, Fuel Group Index is up 3.1%(WoW), while Primary Articles Index remains unchanged, it adds. The inflation figure for the week ended July 4 has been announced at -1.21% versus the earlier figure of -1.55% for week ended June 27, reports NDTV Profit. Buy Jindal Steel & Power on dips, says Rajesh Agarwal of CD Equisearch on CNBC Awaaz. The fundamentals of this company are very good, he adds. The stock is currently trading at Rs 2575, up 1.4% on the BSE. Hold Idea Cellular with target of Rs 85, says MB Singh, technical analyst, on Zee Business. Keep short-term stop loss of Rs 66 and medium-term stop loss of Rs 63, he adds. The stock is currently trading at Rs 73.10, down 0.3% on the BSE. Hold Ambuja Cements with target of Rs 125, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 90, he adds. It has resistance at Rs 107, he says. The stock is currently trading at Rs 98.60, down 0.7% on the BSE. The rise over the last two days seems like a technical pull-back after the correction, says Devesh Kumar of Centrum Finance on CNBC TV18. But, he adds, that it is not clear yet whether this is a new uptrend. He expects the Nifty to be ranged between 3800-4500 for the next few weeks. Hold Praj Industries with target of Rs 87, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 75, he adds. The stock is currently trading at Rs 81.75, up 2.2% on the BSE. Hold JP Hydro with target of Rs 95, says Ashwani Gujral, technical analyst, on CNBC TV18. It has support at Rs 65 and resistance at Rs 86, he adds. The stock is currently trading at Rs 80.30, up 2% on the BSE. » Send to friends The Q1 L&T net profit results has been announced at Rs 1598 versus the earlier figure of Rs 502 crores, reports CNBC TV18. Hold Subex with target of Rs 82-85, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 65, he adds. The stock is currently trading at Rs 75, up 1.2% on the BSE. Hold Power Grid for long term with stop loss of Rs 90, says MB Singh, technical analyst, on Zee Business. It has resistance at Rs 117, he adds. The stock is currently trading at Rs 111.50, up 0.4% on the BSE. Buy LIC Housing Finance for both short-term trading or long-term investment, says Deepak Mohoni, technical analyst, on CNBC TV18. The stock is currently trading at Rs 631, up 0.4% on the BSE. Hold Era Infra Engineering with target of Rs 132, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 108, he adds. The stock is currently trading at Rs 124.60, up 0.04% on the BSE. Buy Essar Oil with target of Rs 160, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 124, he adds. The stock is currently trading at Rs 136.85, up 3.2% on the BSE. Buy Adani Enterprises which has resistance at Rs 850 crossing which it can go high, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 700, he adds. The stock is currently trading at Rs 807.50, up 0.8% on the BSE. Buy Sterlite Industries when it comes down to Rs 550, says Rajesh Agarwal of CD Equisearch on CNBC Awaaz. The stock is currently trading at Rs 595.80, down 5.2% on the BSE. Buy Hindustan Copper with intra-day target of Rs 265, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 240, he adds. The stock is currently trading at Rs 251.70, up 3.6% on the BSE. Buy Tech Mahindra at Rs 700 with target of Rs 720-730, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Keep stop loss of Rs 685, he adds. The stock is currently trading at Rs 710, up 1.5% on the BSE. » Send to friends Buy Alkali Metals with intra-day target of Rs 275, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 246, he adds. The stock is currently trading at Rs 263, up 5.6% on the BSE. Buy Meghmani Organics with intra-day target of Rs 17, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 14, he adds. The stock is currently trading at Rs 15.69, up 11% on the BSE. The market opens on a good note, in the steps of positive global cues. Earlier, the US markets closed on a high and Asia is trading firm. Sensex is trading at 14451, up 198 points from its previous close, and Nifty is at 4291, up 57 points. CNX Midcap index is up 1.7% and BSE Smallcap index is up 1.7%. The market breadth is positive with advances at 496 against declines of 30 on the NSE. Buy SAIL at Rs 161 with intra-day target of Rs 166, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 157, she adds. The stock is at Rs 161.35, up 5.6% on the BSE. Buy Reliance Power at Rs 164 with intra-day target of Rs 171, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 161, she adds. The stock is at Rs 164.45, up 8.5% on the BSE. The market will open on a positive note today, says Salil Sharma, technical analyst, on CNBC Awaaz. He sees support for the Nifty at 4220-4170 and resistance at 4280-4330. He expects good gains in RIL, ICICI Bank, PNB and BOB. Buy Axis Bank at Rs 789 with intra-day target of Rs 810, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 775, she adds. The stock is at Rs 788.90, up 3.4% on the BSE.