Indian Stock Market would remain closed today on April 30 due to voting in Mumbai for the general election. Counting of votes would be done on May 16.

Tomorrow (Friday, May 01, 2009), again Indian Stock Exchange would be closed on Maharashtra Day.

Now Stock market would open by Monday, May 4, 2009. Market would remain closed for 4 consecutive days.

INSTANEX: At close, the Instanex FII Index was up 3.92% at 253.36 (+3.63% at 3 pm) and the Instanex DII 15 portfolio was up 3.34% (+3.06% at 3 pm). Sensex was up 3.65% (+3.24% at 3 pm) and Nifty was up 3.32% (+3.23% at 3 pm). The other Instanex Ownership Indices were also up – the Instanex Retail 15 portfolio was up 3.36% (+3.25% at 3 pm), the Instanex Top 15 portfolio was up 2.83% (+2.77% at 3 pm) and the Instanex Promoter 15 portfolio was up 2.63% (+2.68% at 3 pm).

All the 15 components of the Instanex FII Index were up. The main gainers were ICICI Bank (+8.74%; weight 8.14%), Infosys (+5.29%; weight 11.91%), HUL (+4.20%; weight 3.17%), TCS (+4.11%; weight 2.67%) and Sun Pharma (+4.03%; weight 2.08%).

Instanex FII Index at close on Wednesday, April 29, 2009

FII and DII activity that was seen on Wednesday, April 29, 2009 is shown below. The report shows that FII were net buyer of Rs 365.23 crore where as DII saw selling of Rs 403.99 crore.

Bharti Airtel, India’s top mobile operator declared its fourth quarterly results. The company reported a net profit of 21% as compared to a year ago.

Bharti Airtel reported that net profits for the quarter rose to 22.39 billion rupees ($446 million) under U.S. accounting standards from 18.52 billion a year ago.

SingTel, Southeast Asia’s top phone firm owns 31 percent in the company.

Bharti Airtel added 8.3 million mobile users last quarter to boost its total customer base to nearly 94 million. The company has a market share of about 24 percent.

Yesterday: Indian Stock market went down sharply mainly due to profit booking and F&O expiry coming nearer.

Today: Still Indian Stock market will be highly volatile due to last day of F&O but still we feel that it may give us buying opportunity on every dip.

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (11002): The support for the Sensex is 11000-10700 and the resistance to the up move is at 11200.

NSE Nifty: (3362) The support for the Nifty is at 3300-3350 and the resistance to the up move is at 3400-3450.

Quarterly Result to be declared today:

Airtel, Dabur, KEC, Titan, BOI, Canara Bank, Ingersol, Nagarjuna Fert. Videocon, LML

As EquityPandit.com have predicted in our post Investing in gold, Safest bet in early February and we have seen how EquityPandit.com prediction resulted into reality. In this post, EquityPandit.com would let you know different ways to invest in gold.

Raw gold (bullion or bars)

You can own gold directly. You can buy gold coins or small bars of gold. Common gold coins are known as ‘bullion’ coins. They cost is a little more than the current price of gold. These don’t have extraordinary upside or downside - they simply move with the price of gold. But this type of investments is safest investments as you own gold in physical form. You can buy gold bullion with any company which you feel is a bit cheaper and reliable.

Investment in some rare gold coins

This type of investments is done in rare gold coins which are not available in the normal market. These are either old coins or made available on particular occasion. This is the best investment as the price of these gold coins increases with time. And also its price increases with increase in gold price. And after all you would never see downside in your investments.

Gold stock mutual funds

This is one of the best ways to invest in gold. Chances are, you’re not an expert in analyzing the future price of gold. Some experts would care for your investments.

Junior mining stocks (exploration companies)

Investments can be done in the exploration companies, which find out the gold mines and bring it into production. But it is a very risky investment as one in 5,000 exploration companies may find a mine and bring it in production. So a lucky guy can make out big profits out of these companies.

Other investments in gold can be done in future and options of gold. You can earn a lot in this as well as loose everything. EquityPandit.com doesn’t suggest this type of investments.

Now there lies good news for Americans as you can go for Gold IRA Transfer also for your retirement.

A new virus Swine Flu has killed up to 149 people in Mexico and the World Health Organization moved closer on Monday to declaring it the first flu deadly disease in 40 years as more people were infected in the United States and Europe. The WHO raised its pandemic alert level for the swine flu virus to phase 4, indicating a significantly increased risk of a pandemic, a global outbreak of a serious disease. The last such outbreak, a “Hong Kong” flu pandemic in 1968, killed about 1 million people.

Oil prices fell more than 2 percent to trade below $50 a barrel as investors feared a new blow to an already fragile global economy if trade flows are curbed and manufacturing is hit.

World equity market also reacted to the news and went down sharply.

As per our experts estimation world economy may lose $2-3 trillion because of this disease.

Today: Indian Stock Market still looks up but EquityPandit.com would suggest you to avoid intraday till F&O expiry.  

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (11372) The support for the Sensex is 11300 and the resistance to the up move is at 11500.

NSE Nifty: (3470) The support for the Nifty is at 3450 and the resistance to the up move is at 3500-3550.

Result to be declared today:

ADI BIR NUVO, CRISIL, IDFC, Vijaya Bank, Patni, Glaxo Smith, Sterlite, Hexaware

Profits/Loss for the last trading session (For Paid Subscribers)

On Monday, Short term delivery on ICICI Bank was executed successfully in the morning. The script was bought for short term delivery at 135 on Friday and sold at 149-152 on Monday. This gave a profit of 4% on the investments.

FII and DII activity that was seen on Monday, April 27, 2009 is shown below. The report shows that FII were net buyer of Rs 257.38 crore where as DII saw buying of Rs 68.06 crore.

An outbreak of swine flu dampened tentative hopes for the global economy, sending markets lower on Monday and analysts fear a possible deadly disease could force countries further into recession.The virus, a new strain of swine flu, has killed 103 people in Mexico and spread to the United States. The World Health Organization said the outbreak was a “public health emergency of international concern” that could become a deadly disease or global outbreak of serious disease.

The World Bank estimated in 2008 that a flu pandemic could cost $3 trillion and result in a nearly 5 percent drop in world gross domestic product, damaging prospects of recovery in a world economy deep in financial crisis. The SARS outbreak, which disrupted travel, trade and the workplace in 2003, cost the Asia Pacific region an estimated $40 billion. It lasted six months and killed 775 of the 8,000 people it infected in 25 countries.

European shares opened lower, with the FTSEurofirst 300 index down 1.11 percent at 0830 GMT. Airline stocks were hit by fears the outbreak would hurt travel but drugmakers were higher on vaccine hopes against the virus. Japan’s Nikkei average closed up just 0.2 percent on Monday, giving up earlier gains as the yen rose sharply and other Asian stocks fell on concerns over the flu outbreak

Same kind of reaction was observed during bird flu when all world market went down by 8-10% , where world economy was suffered from a loss of around 5 trillion $

Bank of Baroda (BOB) has disclosed its fourth quarterly results. The company’s Q4 standalone net interest income (NII) was up at Rs 1,470.79 crore versus Rs 1,028.50 crore, YoY.

Its standalone net profit was at Rs 752.69 crore versus Rs 276.44 crore, YoY.

Oriental Bank of Commerce (OBC) has announced its fourth quarter results. The company’s Q4 standalone NII was at Rs 460.30 crore versus Rs 437.02 crore, YoY. Its standalone net profit was at Rs 195.82 crore versus net loss of Rs 99.44 crore, YoY.

The company’s Q4 net profit before extraordinary was at Rs 196 crore versus 204.5 crore.

Indian Bank Q4 net profit was at Rs 394.1crore versus Rs 241.7 crore. Its net sales were at Rs 667.5 crore versus Rs 513.2 crore.

Bosch India has declared its first quarter numbers of FY09. Its Q1 net profit declined by 69.45% at Rs 49.4 crore versus Rs 161.7 crore (YoY).

The company’s net sales fell by 17.68% to Rs 992 crore from Rs 1,205 crore.

Aban Offshore has announced its fourth quarter results. The company’s Q4 consolidated net loss of Rs 93 crore versus profit of Rs 38 crore. Its consolidated net sales were up at Rs 774 crore versus Rs 661.8 crore.

Exide Industries has announced its fourth quarter numbers. Its Q4 net profit went up by 8% at Rs 68.2 crore versus Rs 63 crore.

Jaiprakash Associates has declared its fourth quarterly results of FY09. Its net profit went up by 83% at Rs 385 crore versus Rs 210 crore, YoY.

The company’s net sales increased 60.88% to Rs 2,085 crore from Rs 1,296 crore. Its operating margin improved to 28.9% versus 27.2%.

Interest cost increased to Rs 168 crore from Rs 97.3 crore and other income came in at Rs 42.9 crore.

Today: As we said earlier that till Indian Stock market holds 11200, market will move up n we may see a level of 11500 in the days to come but we may see profit booking in the market before moving up so we are a bit cautious in this market.

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (11239) The support for the Sensex is 11200 and the resistance to the up move is at 11500

NSE Nifty: (3481) The support for the Nifty is at 3450 and the resistance to the up move is at 3550.

Result to be declared today:

Aban, Areva, BOB, Indian bank, Castrol, JP Associates, Oriental Bank, Tech Mah., United Spirit, Renuka Sugar, BOSCH

Profits/Loss for the last trading session (For Paid Subscribers)

On Friday, Short term delivery on Hindalco was executed successfully in the morning. The script was bought for short term delivery at 55 on Wednesday and sold at 58-58.50 on Friday.  This gave a profit of 5% on the investments.