FII and DII activity on Wednesday, June 03, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on June 4, 2009 at 8:27 am
FII and DII activity that was seen on Wednesday, June 03, 2009 is shown below. The report shows that FII were net buyer of Rs 32.8 crore where as DII saw buying of Rs 52.89 crore.   ...

Union Bank targets biz of nearly Rs 3-lakh crore in FY10

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on June 3, 2009 at 12:34 pm
Union Bank of India has stepped up its total business target to nearly Rs 3-lakh crore in FY10. Union Bank of India is amongst the first state-owned banks to put in place a combination of high-tech banking solutions. Embarking upon this high-tech business model in 2007, the sixth largest public sector bank in India propose to step up its syndicated loans to Rs 25,000 crore this year as compared to Rs 4,400 crore in last fiscal. "We aims to achieve Rs 2,92,000 crore by the end of this fiscal as ...

Advice for – Wednesday, June 03, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 8:44 am
Yesterday: Indian Stock Market opened up and turned down by 160 points for sensex. Again it recovered in the afternoon session so overall trend of the market is still up.   Today: Indian Stock Market is expected to open flat with a positive movement it may create good short opportunities at higher level as surely profit booking would be seen at higher levels....

FII and DII Activity on Tuesday, June 02, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on June 2, 2009 at 6:46 pm
FII and DII activity that was seen on Tuesday, June 02, 2009 is shown below. The report shows that FII were net buyer of Rs 279.67 crore where as DII saw selling of Rs 196.74 crore.   ...

April Infrastructure output rose 4.3%

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 3:03 pm
India's Infrastructure sector output has been declared. According to government data, India’s Infrastructure sector output grew 4.3% in April from a year earlier. Output had risen 2.3 percent in the same month last year, and climbed 2.7 percent in the fiscal year ended March 2009 compared with 5.9 percent growth in 2007/08. The infrastructure sector accounts for 26.7 percent of India's industrial output.  

Advice for – Tuesday, June 02, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 9:12 am
Yesterday: As we predicted, Indian Stock Market opened with positive trend and broke its important resistance of 4510. Better than expected GDP numbers also gave a boost to the market.   Today: We expect positive flat opening. Sensex and Nifty would see new highs but Profit booking would surely come into picture at higher levels, so traders, be cautious. Investors can stay invested. Investors should ...

Analysis: Stocks that can provide 2-3 fold returns in a year

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on June 1, 2009 at 3:28 pm
EquityPandit.com has found few companies having capacity of 2-3 fold returns if it ...

Manufacturing expands to 8 month peak: PMI

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 12:27 pm
Manufacturing activity in India expanded for a second straight month in May to its highest in eight months, a survey showed; reflecting a revival in domestic demand but export orders remained weak. The Market Purchasing Managers' Index (PMI) based on a survey of 500 companies, rose to 55.7 in May from April's 53.3, well above the threshold of 50 that separates expansion from contraction. It hit a trough of 44.4 in December and has steadily risen since then. "Data show that the sector is currently being carried by robust domestic demand, as export sales continued to ...

India’s April exports down 33.2 pct, Import dropped 36.6%

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 12:24 pm
India's exports declined by 33.2 percent in April from a year earlier to $10.74 billion, a senior trade ministry official told reporters on Monday. Imports dropped by 36.6 percent to $15.8 billion in April, said the trade ministry official.  

Advice for – Monday, June 01, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 8:37 am
Last Trading Session: As we predicted, Indian Stock Market went up and broke its important resistance of 4380. Better than expected GDP numbers also gave a boost to the market.   Today: We expect positive opening and it would be very interesting to see whether nifty would break its major resistance at around 4510-4560 as already it breached its resistance of 4377-4380. Profit booking would surely be ...

Sensex surged 28.3% in May, best in 17 years

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on May 29, 2009 at 10:16 pm
Bombay Stock Exchange (BSE) Sensex, gained 28.3 percent in May 2009, its strongest monthly performance in 17 years, boosted by positive economic data and hopes for market-friendly reforms. Energy giant Reliance Industries and state-run explorer Oil and Natural Gas Corp led the surge after the oil minister said a proposal to allow firms set retail fuel prices based on market rates would be sent to cabinet within six weeks. The 30-share BSE index rose 329.24 points to 14,625.25, with 26 stocks advancing. It was the highest close since last Sept. 10 as it rose 5.3 percent ...

FII and DII Activity on Friday, May 29, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 8:01 pm
FII and DII activity that was seen on Friday, May 29, 2009 is shown below. The report shows that FII were net buyer of Rs 272.77 crore where as DII saw buying of Rs 873 crore.    ...

India Q4 GDP declared at 5.8, FY09 GDP at 6.7

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 12:00 pm
India’s GDP for fourth quarter has been declared. India's economy grew a faster than expected 5.8 percent in the March quarter from a year earlier. The annual growth for India's fiscal fourth quarter was above the expectations, but sharply lower than the year-ago quarter's 8.6 percent expansion. The manufacturing sector contracted 1.4 percent in the January-March quarter from a year earlier, while farm output grew an annual 2.7 percent, government data showed on Friday. For the full year, India'...

Advice for – Friday, May 29, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 8:40 am
  Yesterday: As we predicted, Indian Stock Market went up as it holds level of 14000 but profit booking came at higher level and sensex closed up by 180 points.   Today: We expect flat positive opening and it would be very interesting to see whether nifty would break it’s major resistance ...

Inflation remains unchanged at 0.61%

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on May 28, 2009 at 11:05 pm
India’s Inflation rose 0.61 percent for the week ended on May 16, matching the previous week's annual rise, government data showed on Thursday.   The annual inflation rate was 8.66 per cent during the corresponding week of the previous year.   The wholesale price index is more ...