Advice for – Monday, July 27, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on July 27, 2009 at 9:15 am
Yesterday: Indian Stock market opened up and closed positive due to the positive global cues. Now market is all set to touch it’s level of 4650.   Today: Indian Stock Market is expected to open positive mainly because of positive global cues but RIL is expected to open 3-3.5% lower mainly because of it’s bad result. But overall market would remain positive as we ...

Technical Analysis: Types of charts

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on July 26, 2009 at 4:11 pm
Fundamental of Stock Market: Tutorial-7 ....

FII and DII Activity on Friday, July 24, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on July 24, 2009 at 6:59 pm
FII and DII activity that was seen on Friday, July 24, 2009 is shown below. The report shows that FII were net buyers of Rs 663.02 crore where as DII saw sellers of Rs 206.55 crore.    ...

RIL declared Q1: net down 13%; would see huge correction on monday

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 6:50 pm
Mukesh Ambani-led Reliance Industries (RIL) recorded an 11.53 per cent decline in its net profit at Rs 3,636 crore for the first quarter ended June 30, 2009 as compared to Rs 4,110 crore which was way below estimation. Standalone net sales slipped 22.9% to Rs 32,055 crore versus Rs 41,579 crore year-on-year. Earning before interest, tax, depreciation and amortization fell 3.3% to Rs 5,921 crore from Rs 6,121 crore. Operating profit stood at Rs 4,293 crore and standalone petchem revenues declined 22.4% to Rs 11,540 crore from Rs 14,871 crore last year.Gross refining margins have come in at USD 7.5 per barrel as against ...

Advice for – Friday, July 24, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 8:49 am
Yesterday: Indian Stock Market opened with a positive note and up till first half session it traded in a narrow range. But after noon session was all about reliance and cement sector when market suddenly jumped over 400 pts and closed at 4524 nearer to its resistance level.   Today: Indian Stock Market is expected to open positive mainly because of positive global ...

US Existing Home Sales Rise, Dow Shoots Up by 130 pts.

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on July 23, 2009 at 8:04 pm
Sales of previously owned homes in the United States increased at a faster-than-expected annual pace in June, in the third straight month of gains. The National Association of Realtors said sales rose 3.6 percent to an annual rate of 4.89 million units from a downwardly revised 4.72 million pace in May. June's reading compared with forecasts for a 4.84 million unit annual pace. The NAR said it was the first time the industry had experienced three straight months of gain since early 2004, providing ...

FII and DII Activity on Thursday, July 23, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 7:20 pm
FII and DII activity that was seen on Thursday, July 23, 2009 is shown below. The report shows that FII were net buyers of Rs 511.94 crore where as DII saw sellers of Rs 34.16 crore.    ...

Bharti declared Q1: net up 24 per cent

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 7:15 pm
Bharti Airtel Ltd on Thursday reported a forecast-beating 24.3 per cent rise in quarterly profit as it added a record number of users   Earlier in the day, the company announced its Q1FY10 results where its net profit went up 29.3% at Rs 2,647.9 crore from Rs 2,047.7 crore, QoQ. The company's consolidated net sales increased 1.7% to Rs 10,429.9 crore as against Rs 10,255.1 crore, QoQ.  ...

ACC declared Q1: net jumps 85 pc,

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 7:14 pm
ACC Ltd, India's largest cement maker, on Thursday posted a better-than-expected 85 per cent rise in quarterly profit on strong sales volume.   ACC, 46-per cent owned by Switzerland's Holcim, said consolidated net profit for the June quarter rose to 4.71 billion rupees ($97 million) from 2.55 billion a year ago.   Riding on the back of robust demand for cement and firm pricing scenario in the cement industry ...

ITC Ltd declared Q1: net profit up 17 per cent at Rs 879 cr

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 7:12 pm
FMCG conglomerate ITC Ltd on Thursday said its net profit rose by 17.36 per cent to Rs 878.70 crore for the first quarter ended June 30, 2009. The company had a net profit of Rs 748.67 crore in the same period last year,          ...

ONGC declared Q1: net falls 27 pc

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 7:08 pm
Oil & Natural Gas Corp reported a 27 per cent fall in quarterly net profit on Thursday, a smaller fall then the market had expected,   ONGC, the country's second-most valuable company with a market worth of $48.5 billion, reported a net profit of Rs 4,848 crore ($1 billion), down from Rs 6,640 crore a year ago.   The company gave a discount of Rs 429 crore on crude ...

Advice for – Thursday, July 23, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 9:13 am
Yesterday: Market opened with a positive note and up till first half session it traded with a good bull run. But all of a sudden as being pre-decided by bull, started profit booking. Even though European market opened negative they turned positive afterwards but our market went down continuously so clearly that was pre-decided move by the bull.     Today: Indian Stock Market is expected to open with a bull ...

Morgan Stanley posts Loss of $159 Million

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on July 22, 2009 at 8:33 pm
Morgan Stanley, one of a key stock of Wall Street banking giant left more or less intact after the credit meltdown of the past two years, reported a second-quarter loss of $159 million that was significantly worse than analyst expectations. Earnings were hurt by a charge from repaying government bailout money. Net Revenue fell 11 percent to $5.4 billion. During the quarter, Morgan Stanley repaid $10 billion from the government's Troubled Asset Relief Program, incurring a one-time charge of ...

FII and DII Activity on Wednesday, July 22, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 7:21 pm
FII and DII activity that was seen on Wednesday, July 22, 2009 is shown below. The report shows that FII were net buyers of Rs 66.84 crore where as DII saw sellers of Rs 224.58 crore.    ...

BHEL declared Q1: net profit at 470.59cr

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 7:10 pm
Bharat Heavy Electricals posted a net profit of Rs 470.59 crore for the quarter ended June 30, 2009 as compared to Rs 384.41 crore in the same quarter previous year. This translates to a 22 per cent rise in net profit.   Total Income has increased to Rs 5898.51 crore in the April-June quarter from Rs 4620.98 crore a year ago. Shares of the BHEL fell 3 per cent to Rs 2146 after its results ...