INSTANEX: The Instanex FII Index was up 0.74% and the Instanex DII 15 portfolio was up 1.68%. Nifty was up 1.44%, while Sensex was up 1.47%. The other Instanex Ownership Indices were up as well - the Instanex Retail 15 portfolio was up 0.83%, the Instanex Promoter 15 portfolio was up 0.55% and the Instanex Top 15 portfolio was up 0.54%. Asian indices closed higher as well Straits Times was up 1.60%, Jakarta Composite was up 1.04% and Hang Seng was up 0.88%.

Out of the 15 companies of the Instanex FII Index, nine were up while six were down. The top gainers are SBI (+4.26%; weight 3.46%), ITC (+4.11%; weight 4.75%) and Sun Pharma (+3.57%; weight 2.13%) and the main losers were HDFC (-2.34%; weight 11.59%) and ICICI Bank (-1.48%; weight 6.65%).

Instanex FII Index at close on Tuesday, March 31, 2009

FII and DII activity that was seen on Tuesday, March 31, 2009 is shown below. The report shows that FII were net seller of Rs. 583.65 crore where as DII saw enough buying of 1039.07 crore.

Kalpataru Power Transmission Ltd said on Tuesday it won three projects worth 4 billion rupees.

In filing to Bombay Stock Exchange (BSE), Kalpataru Power Transmission Ltd reported that it has won three projects worth 4 billion rupees from Algeria’s state electricity company for transmission lines.

The orders are expected to be completed within 8-15 months, Kalpataru said in a statement.

Kalpataru Power’s order book has crossed $1 billion for the Financial Year, the company added.

Yesterday: As we predicted earlier and warned our readers and members, Indian Stock Market saw a sharp downfall of 480 points for Sensex and 130 points for Nifty.

Today: Market Still looks rangebound until it it breaches the support level of 2900 for Nifty. Still there is some time to book profits for those who are sitting with stocks else you would not get any chance. Indian stock Market would go down sharply only if it breaches the support level of 2900 for Nifty. Until that you may see surprises any time.

BSE Sensex: (9568) The support for the Sensex is 9330 and the resistance to the up move is at 9900.

NSE Nifty: (2978) The support for the Nifty is at 2900 and the resistance to the up move is at 3050.

INSTANEX: At close, the Instanex FII Index was down 4.46% and the Instanex DII 15 portfolio was down 4.30%. Nifty was down 4.00%, compared to -4.12% at 3pm while Sensex was down 4.62%, compared to 4.57% down at 3pm. The other Instanex Ownership Indices were down as well - the Instanex Promoter 15 portfolio was down 2.72%, the Instanex Top 15 portfolio was down 3.25% and the Instanex Retail 15 portfolio was down 3.49%.

Out of the 15 components of the Index, 14 were down while just NTPC (0.33%; weight 3.03%) was up. The main losers were ICICI Bank (-12.36%; weight 6.80%), SBI (-9.09%; weight 3.35%), HDFC (-9.07%; weight 11.96%) and TCS (-8.60%; weight 2.67%).

 Instanex FII Index at close on Monday, March 30, 2009

Check out the Details of FII and DII Today’s Activity

FII and DII activity that was seen on Monday, March 30, 2009 is shown below. The report shows that FII were net seller of Rs. 452.32 crore where as DII saw selling of 49.38 crore.

Leading drug maker Ranbaxy Laboratories on Monday reported a net loss of Rs.1,044.8 crore ($204 million) for 2008 as against a net profit of Rs.617.7 crore in the previous year.

The group posted a consolidated net loss of Rs.951.2 crore during the period, compared to a net profit of Rs.774.5 crore in the previous calendar year.

However, the company’s total income went up 9.85 percent to Rs.4,681.7 crore in 2008 from Rs.4,261.9 crore in 2007.

The total consolidated income increased 11.2 percent to Rs.7,691 crore from Rs.6,917.2 crore, the company added.

Meanwhile, the drug major, which has been in trouble with the US Food and Drug Administration over alleged falsification of test results in approved and pending drug applications, Monday said the US drug regulator had given it the nod to sell topirimate tablets - a medication used for the treatment of seizures.

The drug is a generic version of epilepsy drug Topamax, owned by a unit of Johnson and Johnson.

Government accepted the recommendations for further increase in salaryand allowances for PSU officers. About four lakh officers of central public sector enterprises will benefit from this government decision. This hike would be over and above the hikes announced last year.

The decision to improve the salary structure of officers at board level and below, along with supervisory staff, was taken at the Cabinet meeting presided over by Prime Minister Manmohan Singh and was based on the recommendations of the committee of ministers headed by Home Minister P Chidambaram, which went into the revised salary and allowances notified earlier in November last year by the government.

The improved pay packages will also include increase in house rent allowance and retirement benefits.

PSU officers, particularly in the oil sector, forced the government to revisit their revised pay scales when they went on strike in January this year.

Briefing reporters after the Cabinet meeting, Chidambaram said the revision in the pay structure would vary from company to company.

Larsen and Toubro (L&T) on Monday said it has received an order worth Rs 345 crore from the Nuclear Power Corporation of India Ltd (NPCIL) for manufacturing and supplying steam generators.

Engineering Major L&T reported  Bombay Stock Exchange(BSE) said it has bagged an order valued at Rs 345 crore from NPCIL for design, manufacture and supply of four steam generators for 700 megawatt electric (MW) pressurized heavy water reactors.

The steam generators would be supplied to the Kakrapar Atomic Power project, the filing added.

These would be one of the largest steam generators built in India so far, and would increase the size of the nuclear power project to 700 MW from 540 MW, the filing said.

Last Week: Indian Stock Market saw 12% of upmove last week. Other Global financial markets were also up for the week. For more details Review of Last Week ended Friday, March 27, 2009

Today: Indian stock market still looks up but surprises can be seen as it is near to major resistance levels.

Also Read: Don’t invest before Nifty breach 3150: EquityPandit.com

BSE Sensex (10048.49): The support for sensex is at 9850-9800 and a major resistance would be seen at 10500.

NSE Nifty (3108.65): The support for Nifty is at 2950-2900 and a major resistance would be seen at 3150-3200.

It’s always better to take precautions than to regret.

Nifty has very important resistance level for 3150, so it is suggested not to trade or invest before market breaches 3150. Market is assumed retrace the path which it has shown for the past week i.e. Indian Stock market is assumed to find it hard to breach 3150 and can go again to 2900 for Nifty.

But somehow if market managed to breach and closed beyond 3150, it can see some further upmove and can see the levels of 3450-3500 for Nifty and 10500 levels for Sensex.

Investor’s Strategy:

Indian Stock market has already seen the high of 10500 in January 2009. This time it may not be able to breach the levels of 10500-10600 and at that point surely market will see a negative trend. So for Investors it is important to stay away with cash in hand for some time.

Trader’s Strategy:

Traders can trace Dow Jones and other Global Market for trading but with caution. Trading should be done only after either Nifty breaches 3150(Intraday should be done at this level) or after it see some down trend (short selling would be best option in that case).

So Stay connected and book profits….

Indian Stock Market: Last Week was a very cheerful week for Indian Stock Market. Other global market also ended positive for the week. BSE Sensex led the gainers in the world which showing an uptrend of almost 12% for the week. Inflation also saw 33 year lows at 0.27.

Other Asian Markets: The other Asian markets such as Hong Kong (up 10%), Japan (up 8.6%) and China (up 4.1%) closed the week on a strong note as well. It is believed that Asian stocks posted their biggest weekly gain since August 2007 amid optimism that governments worldwide will succeed in reviving lending and global growth.

Global Market: Other global markets ended the week on a firm note as well. The US and Brazil led the pack of gainers by recording gains of 6.8% and 4.6% respectively. They were followed by the European indices, with Germany, France and UK recording gains of 3.3%, 1.8% and 1.5% respectively.

Congratulations,

   I heartily congratulate to all of our Paid Subscribers, Financial Analysts and Fund Managers at EquityPandit.com for the fabulous outputs given for the month of March. Only 13 calls were made for the month, which gave a profit of whooping 65.12% after deduction of brokerage charges. This proves that quality of calls is much more important than its quantity. Only one call out of 13 calls gave us loss, which proves our accuracy level of 92.3%. Definitely this accuracy level is less than our previous levels, but no doubt the analysis levels of all our Financial Analysts are speaking. But I request all our Financial Analyst to eliminate the losses totally from the next month to make EquityPandit.com analysis 100% accurate.

The summary of all our calls for last month (March, 09) are as follows:

Thanks to all our Paid Subscribers for having faith in us.

Sincerely,

Abhishek Parakh

Founder, EquityPandit.com

Prime Minister Manmohan Singh said on Saturday that there was further scope of interest rate cuts.

“Plenty of liquidity and low inflation gave room for further interest rate cuts.” he added.

Mr. Manmohan Singh also said that there were encouraging signs in some sectors of the economy.

“While public sector banks have reduced the prime lending rates in the last three months between 150 and 200 basis points, other scheduled commercial banks are yet to respond in equal measure,” he said.

Since October, the central bank has cut its key lending rate by 400 basis points. The government has cut factory gate duties and service tax rates to protect growth and jobs.

But commercial banks have been reluctant to lend due to increased risk aversion.

Asia’s third-largest economy is estimated to slow to 7.1 percent in 2008-09 from growth of 9 percent or more in previous years as the global slowdown hurts key sectors of the economy.

But Singh said the auto, steel, cement and farm sectors were showing some signs of revival.

“The auto sector after a difficult patch seems to be showing signs of recovery. Food grain production for 2008-09 is likely to be in excess of 228 million tonnes,” he said.

“The rural demand for goods and services appears quite robust and the outlook in the agricultural sector gives room for optimism”.

Singh said the government was closely monitoring sectors which were still facing difficulties.

“We are aware that a big push to infrastructure would have a counter-cyclical influence and have taken steps to ensure that this happens in 2009-10 and beyond,” he said.

The BSE Sensex (^BSESN : 10048.49 +45.39 ) rose for a fifth day on Friday, taking gains for the week to 12.1 percent, its best performance since the last week of October, but there were signs of investor fatigue.

Shares seesawed through the day after the BSE index recovered a quarter of its value since hitting a 2009 low in early March, triggering profit-taking in blue chips such as Reliance Industries (RELIANCE.NS : 1548.75 -16.75 ) and Infosys Technologies (INFOSYS.BO : 1346.75 -33.9 ).

The benchmark rose for a third week in a row for the first time since late July last year, while the banking sector index jumped 19.1 percent in its best weekly performance since at least June 2003.

“It doesn’t look like this rally can be sustained over the next two to three weeks. Looking ahead, we have the elections. A lot of things are happening, and there are reasons for concern,” Arun Kejriwal, a strategist at research firm KRIS, said.

The BSE index closed up 0.5 percent at 10,048.49 points, a day after it had climbed past five-digits for the first time since Jan. 7 — when Satyam (SATYAM.BO : 42.75 +0.55 ) Computer unveiled the country’s biggest corporate fraud, sparking a slide.

The rebound was helped by foreign buying of almost $620 million since mid-March, on increasing optimism the global economy was on a steady path to recovery.

However, most Indian fund managers are not enthused by the rally and are in no hurry to cut cash levels, with uncertainty about the political outlook ahead of month-long general elections that begin in mid-April.

Analysts said investors would also have to brace for a weak quarterly earnings season in April, with the outlook for the economy anything but bright.

A top policy adviser said the economic problems will be much worse in 2009 than in the past year. “Is the problem going to end in 2009/10? I don’t think so,” Planning Commission Deputy Chairman Montek Singh Ahluwalia said.

India’s economic growth is forecast to fall below 6 percent to a seven-year low in 2009/10 after the global crisis hits Asia’s third-largest economy harder than expected.

Still, banks were in demand on the improving global outlook for battered financials. Government-run State Bank of India (SBIN.NS : 1124.3 +28.8 ), the country’s top lender, firmed 2.9 percent to 1,125.35 rupees.

Private-sector lender ICICI Bank (ICICIBANK.NS : 385.2 +10.15 ) rose almost 3 percent to 385.20 rupees and HDFC Bank gained 0.2 percent to 996.60 rupees.

Reliance Industries, which had risen 17 percent in the past four days, shed 1.2 percent to 1,548 rupees. Infosys fell 2.5 percent to 1,346.75 rupees, but ended the week up 3.8 percent.

Maruti Suzuki slipped 0.7 percent to 765.85 rupees after the leading car maker said it expected Tata Motors (TATAMOTORS.BO : 188.8 +16.1 )’ ultra low-cost car to have a marginal impact on sales of its small-car model.

Matrix Laboratories Ltd (MATRIXLAB.BO : 141.4 +23.55 ) jumped 20 percent to 141.40 rupees, after generic drugmaker Mylan Inc said it plans to acquire the remaining 29 percent it does not already own in the Indian firm.

In the broader section, advancers led losers in the ratio of 1.5:1 on moderate volume of 383 million shares.

The 50-share NSE (^NSEI : 3108.65 +26.4 ) index was up 0.9 percent at 3,108.65.

Asian stocks mostly rose as hopes the global economy could not get any worse kept investors buying riskier assets.

MAIN TOP 3 BY VOLUME

* Reliance Natural Resources on 34.9 million shares

* Unitech on 15.4 million shares

* GVK Power & Infrastructure on 13.2 million shares

STOCKS THAT MOVED

* Financial Technologies rose 8.7 percent to 567 rupees after a block deal of 3.59 million shares, or 8.6 percent of equity, on the BSE.

* Sasken Communication Technologies Ltd gained 18.4 percent to 60.75 rupees after the company said late on Thursday it signed a pact with British satellite communications firm Inmarsat to design global satellite hand-held phones.