Indian stock markets managed to hold on their gains on the last trading session of the week.
The SENSEX touched the key mark of 17233.98 gaining 156.80 (0.92%) points while the NIFTY tested the 5200 mark and held it on a closing basis. The Nifty closed the day at 5204.70 gaining 46.40 (0.90%). The CNX Midcap closed at 7089.65 gaining 38.65 (0.55%) points while the BSE Smallcap closed at 6491.69 adding 83.24 (1.3%) points in trade today. The Nifty would see some resistance at 7220. Some experts believe that there will be huge volatility that will step in and the Nifty would come back to 6700 and 6400 levels.
Tata Steel is in news for it proposed a recovery plan for tubes business in Europe. The script closed at Rs. 458.75 gaining 13.90 (3.12%) with a volume of 5.78m shares traded.
BHEL’s Q3 net fell 2% to Rs 1427 cr YoY; OPM is expected to be at 19.69% Vs 22.96%. The script was punished a bit today and closed at Rs. 273.60 losing Rs. 8.85 (-3.13%) with a volume of 6.36m shares traded.
PM forms expert committee to examine issues on sugar. Balrampur Chini reacted swiftly and the script closed at Rs. 47.60 gaining Rs. 2.80 (6.25%) with a volume of 2.14m shares traded.
January 27th, 2012
Indian stock markets managed to hold on their gains on the last trading session of the week.
The SENSEX touched the key mark of 17233.98 gaining 156.80 (0.92%) points while the NIFTY tested the 5200 mark and held it on a closing basis. The Nifty closed the day at 5204.70 gaining 46.40 (0.90%). The CNX Midcap closed at 7089.65 gaining 38.65 (0.55%) points while the BSE Smallcap closed at 6491.69 adding 83.24 (1.3%) points in trade today. The Nifty would see some resistance at 7220. Some experts believe that there will be huge volatility that will step in and the Nifty would come back to 6700 and 6400 levels.
Tata Steel is in news for it proposed a recovery plan for tubes business in Europe. The script closed at Rs. 458.75 gaining 13.90 (3.12%) with a volume of 5.78m shares traded.
BHEL’s Q3 net fell 2% to Rs 1427 cr YoY; OPM is expected to be at 19.69% Vs 22.96%. The script was punished a bit today and closed at Rs. 273.60 losing Rs. 8.85 (-3.13%) with a volume of 6.36m shares traded.
PM forms expert committee to examine issues on sugar. Balrampur Chini reacted swiftly and the script closed at Rs. 47.60 gaining Rs. 2.80 (6.25%) with a volume of 2.14m shares traded.
January 27th, 2012
The Nifty held the 5150 mark despite a voatile session today. Experts believe the 5200 mark is the next decisive point and once the market conquers it and hold it for sometime, there will be a quick rally for sometime. With global sentiments too showing signs of stability, Nifty is more likely to reach the 5200 mark or near abouts for sure but how long it will stay there and form a base is to be seen.
SENSEX has held the 17k and closed at 17077.18 gaining 81.41 (0.48%) while the NIFTY has shut shop at 5158.30 gaining 30.95 (0.60%) points. CNX Midcap closed at 7051.00 adding 96.95 (1.39%) while BSE Smallcap ended at 6408.45 adding 70.44 (1.11%) points in trade today.
Kirloskar Oil Engines approved a buyback at up to Rs 170/sh and will spend Rs 73.6 cr for buyback. The script closed at Rs. 141.50 gaining 2.00 (1.43%) with a volume of 213.63k shares traded.
Kale Consultant will consider share buyback on February 01. The script closed at Rs. 141.00 gaining 23.50 (20%) with a volume of 523.93k shares traded.
January 25th, 2012
The de-growth of the Indian industries and the bleak economic environment will definitely be the main points of consideration, amongst others, as RBI will announce its short term credit rate policy decision later today. The Indian stock markets are keenly watching at it and would take a directional call based on it. For the past few sessions, the Global economic news isn’t that worry some. Even the quarterly results from top notch companies was okay if not dismal. Hence, RBI policy is considered a key directional call for the markets.
Earlier, the US markets (Jan 23, 2012) closed flat ahead of the Fed meeting.
Fortune Interfinance (FIFL) is bullish on Tata Consultancy Services (TCS) and has recommended buy rating on the stock with a target price of Rs 1165 in its January 19, 2012 research report.
The markets have finally given a blockbuster rally with the RBI deciding to keep the rates intact except for the cash reserve ratio which is relaxed in favor of the banks. Banks and Infra stocks had a stellar rally.
SENSEX closed at 16995.77 gaining a whopping 244.04 (1.46%) points. NIFTY closed at 5127.35 gaining 81.10 (1.61%) and appears to be building a stable base above the 5.1k mark. CNX Midcap closed at 6954.05 up 119.85 (1.75%) while BSE Smallcap ended at 6338.01 adding 44.00 (0.7%) points.
January 24th, 2012
The Indian stock markets are expected to be range bound and volatile ahead of the RBI’s short term credit policy review due tomorrow. China, Hong Kong, Singapore, Korea and Taiwan markets are shut today because of Chinese New Year. Nikkei is trading up at 0.12%.
With Reliance Industries posing a net profit decrease by 13.6% year-on-year, markets would react a little heavily on the script. And considering Reliance to be the uno of the Indian stock markets, the opening session will definitely to be watched at. However, some experts believe that Reliance Industries will alone be not the decision maker of the market direction this morning. This is because the markets are ignoring Reliance Industries for a long time because of its lacklusture performance. Also, the Indian markets are in a short term upward trend which would continue for few more sessions.
Nomura, in its report on Reliance Communications dated January 17, 2012 said that the FCCB refinancing removes near-term concerns and has given a NEUTRAL rating on the script with a target of Rs. 90.
Kotak Institutional Equities has given some interesting calls on stocks in its research report dated Jan 23, 2012. Here are few calls from the report.
Reliance Industries - BUY with a target of Rs. 925. Buy-back program details a pleasant surprise, results not so.
ITC - ADD with a target of Rs. 230. All well, almost.
Wipro - ADD with target of Rs. 460. Good quarter and outlook
Hindustan Zinc - ADD with target of Rs. 150. In-line quarter, no ‘silver lining’ in production target.
Axis Bank - BUY with target of Rs. 1350. Few concerns addressed; capital constraints may pose an overhang.
Exide Industries - SELL with target of Rs. 100. Pick-up in inverter sales leads sequential improvement
United Spirits - BUY with target of Rs. 900 - One-offs spoil the picture.
Indian stock markets are flat for almost all throught the day. The SENSEX colosed at 16751.73 gaining 12.72 (0.08%) while the NIFTY closed at 5046.25 slipping by 2.35 (-0.05%) points. The CNX Midcap closed at 6834.20 adding 31.05 (0.46%) points while BSE Smallcap closed at 6294.01 gaining 16.74 (0.27%).
Maruti Suzuki Q3 net down 64% on lower sales, rupee decline. The script closed up 5.18% at Rs. 1160.65 gaining 5.18%.
Rupee hits 10-week high on inflows; outlook bullish
L&T eyes sales target for FY12, despite tough environment; L&T Q3 net up 18% at Rs 991 cr
Kotak Mahindra Bank Q3 net rises 21%
GAIL Q3 net up 13%, plans capex of Rs 9Kcr for FY13
January 23rd, 2012
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