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 ...
FII and DII activity that was seen on Friday, March 27, 2009 is shown below. The report shows that FII were net buyer of Rs. 80.43 crore where as DII saw buyer of 42.98 crore.
...
Yesterday: Indian Stock Market went up sharply and was able to cross its first major resistance level of 10000.
Today: Now Indian Stock Market still looks up but technically the market is overbought and We won’t prefer any long position or delivery in this market, may be intraday trading is the best option but with caution.
...
INSTANEX: At close, Instanex FII Index was up 3.47% (3.43% up at 3pm), almost catching up with the Instanex DII 15 portfolio that gained 3.81% (3.99% at 3pm). While Sensex was in-line with the performance of FII portfolios (+3.47%, compared to +3.60% at 3pm), Nifty underperformed (+3.28%, compared to +2.80% at 3pm). The other Instanex Ownership Indices were all up strongly – the Instanex Retail 15 portfolio was up 3.17%, Instanex Top 15 portfolio was up 3.17%, and the Instanex Promoter 15 portfolio was up 2.81%. This indicates that speculators are not leading this market rally, and may have booked some profit as FIIs became more aggressive.
All the 15 companies of the ...
FII and DII activity that was seen on Thursday, March 26, 2009 is shown below. The report shows that FII were net buyer of Rs. 1290.74 crore where as DII saw selling of 461.87 crore.
...
We receive many mails and calls for the queries:
- Market is moving up sharply, should we invest now?
- Market ...
INFLATION: The Inflation is very close to the 0% mark. Inflation for week ended March 14 declined to 0.27% compared with 0.44% week on week (WoW).
Last week, the inflation number for the March 7 week had come in at 0.44%, seeing a drastic fall from the week before, which led experts to predicting a fall below the 0% level in the near future....
Tata Sons Ltd said on Thursday that it had completed the sale of a 26 percent stake in India’s No. 6 mobile telecom operator, Tata Teleservices Ltd, to Japan’s NTT DoCoMo.
The two firms had announced the $2.7 billion deal in November last year.
NTT DoCoMo is now preparing to buy 12 percent in the Indian firm’s listed unit, Tata Teleservices (Maharashtra) Ltd, through an open offer.
...
Yesterday: well yesterday market made surprise move n close 195pts up even all the indices looks week but it was almost a reliance day.
Today: Indian Stock Market still looks up n may break the level of 3050 on nifty.
BSE Sensex: (9668)The support for the Sensex is 9500 and the resistance to the up move is at 9800-9900
NSE Nifty: (2984) the support for the Nifty is at 2950 and the resistance to the up move is at 3050-3100
Data to be watch-out: Inflation data,Global market
INSTANEX: At close Instanex FII Index was up 1.68% to 217.74, indicating increase in FII buying. Indian domestic institutional investors (DIIs) seem to have bought as well, with the Instanex DII 15 portfolio up 1.67% (+1.07% at 3pm). India’s broad-based benchmark, Sensex was up 2.08% from +1.18% 3 pm and Nifty was also up by 1.55 (+0.78% at 3pm). The other Instanex Ownership Indices were also up – the Instanex Retail 15 portfolio was up 1.94%, the Instanex Top 15 portfolio was up 0.79% and the Instanex Promoter 15 portfolio was up 0.39%.
Of the 15 components of the Instanex FII Index, 11 are up ...
FII and DII activity that was seen on Wednesday, March 25, 2009 is shown below. The report shows that FII were net buyer of Rs. 348.65 crore where as DII saw buying of 8.92 crore.
...
Indian Oil Corporation (IOC) announced on Wednesday, March 25, 2009 that the government had approved a proposal to absorb its subsidiary Bongaigaon Refinery and Petrochemicals (BRPL).
Indian Oil Corporation (IOC) will issue four shares for every 37 shares in BRPL, it said in a statement.
Switzerland: Novartis International AG announced today a tender offer to acquire an additional stake of up to approximately 39% in its majority-owned Indian subsidiary, Novartis India Ltd., from public shareholders at a price of Rs 351 per share.
Successful completion of this offer (assuming full acceptance) would raise the stake of Novartis in its Indian Subsidiary to nearly 90% from the current level of 50.9%. The offer represents a total value of up to Rs 4.4 billion (or approximately USD 87 million)....
Yesterday: As predicted by EquityPandit.com, Indian Stock Market lost all its gain and closed with a marginal gain due to profit booking.
Today: Still we are expecting more profit booking as F&O expiry is near. So Indian Stock Market may see downtrend today, so trade with caution as market may show surprises any time.
...
Housing Development Finance Corporation (HDFC) announced a reduction in Retail prime lending rate by 50 basis points (bps) from Wednesday, March 25, 2009.
This is the second time in last three month since December 2008, when HDFC has reduced its RPLR. With this reduction, the RPLR has been brought down by 100 bps since December.
"We have been able to bring down our costs due to improved operational efficiency and good quality portfolio," Joint Managing Director Renu Sud Karnad said in a statement. ...
