Yesterday: As we predicted, market bounced back from the support levels and closed with positive trends.
Today: Market movements would be biased towards upside. But it would neither go too up nor too down. Market would be range bound. Market would see downside direction sharply only if Nifty breaches the support of 2900 and upside direction would be seen if Nifty breaches 3150. So till then wait and watch.
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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 ...
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.
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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 ...
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 ...
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.
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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 ...
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. ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
