Friday, March 31, 2006

Indian Stock Market - Evening Update (Friday)

Sensex opened in a positive note at 11325 and did very well and touched an all time high of 11356. There was short covering seen at the ending hours of the trade, lot of traders booked profits which got the sensex down by 27 points to close at 11297. BSE MidCap gained by 1.8% to close at 5385 up 99 points . BSE SmallCap also did well to close up by 1% at 6591.
Nifty closed down by 16 points to close at 3402. CNX Nifty Junior was up 2% to close at 6412 up 146 points.

Top Gainers:
- Tata Chemicals 263
- Jet Airways 982
- BHEL 2241
- Cipla 662

Top Losers:
- Sun Pharma 859
- Ranbaxy 432
- ITC 195
- TCS 1915

On weekly basis Sugar,Capital Goods and IT made good moves. Pharma was good for Cipla.

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Thursday, March 30, 2006

Indian Stock Market - Morning Update (Friday)

Market has started in a very good mood , the buying Speer is on and the sensex is inching towards yet another new height Sensex is at 11345 up 38 points, nifty is up 3 points at 3422.

Global markets were good today, this would have definitely fueled the trading today.

It would be good if the market closes in green today, since it's the last day of the week and last trading day of the month of March.

Todays Picks:
- Jet Airways
- KPC Sugar

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Tuesday, March 28, 2006

Indian Stock Market - Morning Update (Wednesday)

Market has been in a very optimistic mood since Friday and Sensex has been moving up steadily since morning. Sensex is up by 55 points at 114141 at 12:00 IST and Nifty is at 3340 up by 15 points.

Global markets were good today, this would have definitely fueled the trading today.

Todays Picks:
- Sakthi Sugars
- Orchid Chemicals

News:
Infosys to bring Progeon into its fold
Zee to hive off news, cable businesses


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Indian Stock Market - Evening Update (Tuesday)

Sensex opened in a positive note at 1100 but later part of the day saw selling pressure across the board and finally closed almost flat at 11086 up 7 points. BSE MidCap,Small Cap were down by > 05.% . Nifty closed up 3 points to close at 3325.

Infosys finally showed some momentum today and closed 2966 up by almost 3% (80/-).

Top Gainers:
- Glaxo 1406
- Infosys 2966
- Maruti 858
- GAIL 312
- Wipro 530

Top Losers:
- SAIL 82
- BPCL 419
- BHEL 2120
- TATA Power 586

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Monday, March 27, 2006

Deutsche to move half of its back office jobs to India

News Source and Details


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Indian Stock Market - Morning Update (Tuesday)

Today the asias markets are looking mized, Nikkei is down 95 points and other asian markets liks are marginally up.Sensex saw huge buying interest yesterday which helped it close above 11K mark.

The global indices on friday
Global Markets/Indices this morning:
US
Dow 11,250.11 -29.86 -0.26%
Nasdaq 2,315.58 +2.76 +0.12%

Brazil & Mexico
Bovespa 37,641.059 +64.06 +0.17%
MXX 19,226.320 -112.980 -0.58%

China
Shanghai Composite 1,297.299 +1.384 +0.11%
Hang Seng 15,818.73 +2.86 +0.02%

Japan
Nikkei 225 16,554.561 -95.54 -0.57%

Taiwan
Taiwan Weighted 6,440.04 +18.19 +0.28%


To check the current levels of Global markets Indices check here:
Yahoo! Finance American Markets
Yahoo! Finance Asian Markets
Yahoo! Finance Europe Markets

Stock Picks for today: (for day trading)
- Infosys
- TCS
- Ranbaxy
- Reliance


News:
JPMorgan to hire 4,000 in India
Reliance eyes $605 mn pre-India's largest IPO

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Sensex creates another History, 11,000 / 11K

Sensex today not only crossed but also closed well above the 11K mark. The day opened on a positive note and within minutes of the trading session the sensex crossed the 11,000 / 11K mark, the days high was 11,101 and it finally closed at 11079 a gain of 128 points or 1.18%. The BSE MidCap and SmallCap indices also were up by 1%.
Nifty also gained about 1.2% to close at 3321 .
There were huge gains in Steel and FMCG stocks

Top Gainers:
- HLL 268
- Tata Steel 517
- GAIL 305
- SAIL 84
- ITC 192
- Hindalco 175

Top Losers:
- Zee Tele 238
- Wipro 520
- HCL Tech 605
- HPCL 324

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Sunday, March 26, 2006

Indian Stock Market - Morning Update (Monday)

Friday : NSE and BSE closed at all time high on friday and just about 50 points to touch 11K mark. On firday Dow and Nasdaq also closed in the green. Most of the global markets were looking good.

Monday : Today the asias markets are looking strong, Nikkei is up 128 points and even Thaiwan is looking good. This is good news for Indian market with this positive strength and with the momentum that was seen on friday we can expect that Sensex will close above the 11K mark today.

The global indices on friday
Global Markets/Indices this morning:
US
Dow 11,279.97 +9.68 +0.09%
Nasdaq 2,312.82 +12.67 +0.55%

Brazil & Mexico
Bovespa Not Available
MXX 19,339.301 +83.432 +0.43%

China
Shanghai Composite 1,287.483 -7.221 -0.56%
Hang Seng 15,699.19 -17.27 -0.11%

Japan
Nikkei 225 16,689.23 +128.36 +0.78%

Taiwan
Taiwan Weighted 6,412.80 +36.18 +0.57%


To check the current levels of Global markets Indices check here:
Yahoo! Finance American Markets
Yahoo! Finance Asian Markets
Yahoo! Finance Europe Markets

Stock Picks for today: (for day trading)
- ITC
- Zee Tele


News:
Mukesh to Invest Rs 450 cr in Reliance Petroleum Ltd
Citigroup ready to exit Progeon

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Friday, March 24, 2006

Indian Stock Market - Week update (Friday evening)

Sensex had highs and lows this week, but finally on Friday it had a healthy trading session and it ended up 109 points to close the week at 10,950 and Nifty closed at 3279 up 32 points.

On a weekly basis here is what happened:
Sensex
Monday Opened at 10860
Friday Closed at 10950
Effectively Sensex added 90 points this week

Nifty
Monday Opened at 3234
Friday Closed at 3279
Effectively adding 45 points this week

This leaves the market in good mood for Monday trading and we can hope that it might close well above the 11K mark on Monday.


Top Gainers on Friday
- SAIL 80
- Hindalco 169
- ITC 178
- Cipla 626


Top Losers on Friday
- Oriental Bank 236
- Dr Reddy 1436
- BPCL 436
- BHEL 2187

This weeks top gainers are
- SAIL
- Cipla
- MTNL
- Zee Tele

Metals were the star of the week.

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Thursday, March 23, 2006

Indian Stock Market - Morning Update (Friday)

Yesterdays market ended flat, today being the last day for this weeks trading, it's very important on how the markets react today, if the markets don't go up then there is a possibility that the weakness shown this week will continue in the next week as well. It is also March end and April is start of yearly earnings report month, I think market is waiting for these report before it decides the fate.

The global indices are looking weak today
Global Markets/Indices this morning:
US
Dow 11,270.29 -47.14 -0.42%
Nasdaq 2,300.15 -3.20 -0.14%

Brazil & Mexico
Bovespa 37,473.852 -376.74 -1.00%
MXX 19,255.869 -342.240 -1.75%

China
Shanghai Composite 1,300.89 -1.567 -0.12%
Hang Seng 15,747.61 -23.56 -0.15%

Japan
Nikkei 225 16,495.789 +6.42 +0.04%

Taiwan
Taiwan Weighted 6,379.81 +15.21 +0.24%

Europe markets are flat


To check the current levels of Global markets Indices check here:
Yahoo! Finance American Markets
Yahoo! Finance Asian Markets
Yahoo! Finance Europe Markets

Stock Picks for today: (for day trading)
- Satyam
- SAIL
- Zee Tele

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Indian Stock Market - Evening Update (Thursday)

With the global markets looking good , Indian Stock market opening in a good note , when the markets opening the sensex was up by about 60 points. But sensex could not hold at these levels due to selling pressure, It finally ended the day flat at 10841.

Steel/Metal stocks had a good move today , there was lot of buying seen in SAIL,Hindalco,Tata Steel all moved up.

SBI advanced 2.8% to Rs 975 after the Union Cabinet approved a proposal for stock split of its subsidiaries.

Sensex 10841 Flat
Nifty 3247 Up 7 points

Top gainers were:
- SAIL 73
- MTNL 180
- VSNL 418
- Tata Steel 485
- Zee tele 243
- Baja Auto 2735
- ACC 716

Top losers were:
- Dr Reddy 1446
- REL 600
- HDFC Bank 741
- Bharti 380

Is market consolidating or is it getting prepared for a big move on friday , only time (and market will decide it , tomorrow is the last trading day of the week.

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Nifty futures world's seventh largest

Details on Business-Standard
The National Stock Exchange has become the seventh largest exchange in terms of traded volumes in derivative contracts.

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Wednesday, March 22, 2006

Indian Stock Market - Morning Update (Thursday)

The market showed some amount of selling pressure at the end of the trading session yesterday.

The global indices look strong today , Dow was Up by 0.7 and NASDAQ up by 0.4%
Global Markets/Indices this morning:
US
Dow 11,317.43 +81.96
Nasdaq 2,303.35 +9.12

Brazil
Bovespa 37,850.59 4:15PM ET Up 452.59 (1.21%)

China
Shanghai Composite 1,289.963 10:15PM ET Down 6.743 (0.52%)
Hang Seng 15,701.27 9:15PM ET Up 58.46 (0.37%)

Japan
Nikkei 225 16,619.29 9:30PM ET Up 123.81 (0.75%)

Taiwan
Taiwan Weighted 6,390.84 10:15PM ET Down 0.42 (0.01%)

Europe markets are looking good


To check the current levels of Global markets Indices check here:
Yahoo! Finance American Markets
Yahoo! Finance Asian Markets
Yahoo! Finance Europe Markets

Stock Picks for today:
- TCS
- Wipro
- Bajaj Auto
- Zee Tele

News:
- TCS got a big order from Bank of Maharashtra

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Indian Stock Market - Evening Update (Wednesday)

With the global markets being low it also had an impact on our markets. Both the indices closed in the red. Sensex closed below the 10900 level.

Sensex 10841 Down 63 points
Nifty 3240 Down 22 points

The sector which did well today was Pharma.Dr reddy had a gain of 9%

Top gainers were:
- Dr Reddy
- HPCL
- BPCL
- Cipla

Top losers were:
- Dabur
- Jet Airways (due to the rough weather it's facing after acquiring Sahara)
- SAIL

News: Merrill Lynch Chief talking about Indian Markets

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Tuesday, March 21, 2006

Morning Update (Wednesday)

The market showed some amount of selling pressure at the end of the trading session yesterday.
Global Markets/Indices this morning:
US
Dow 11,235 Down 39
Nasdaq 2294 Down 19

Brazil
Bovespa 37,398.01 Down 805.49 (2.11%)

China
Shanghai Composite 1,290.906 Up 0.511 (0.04%)

Japan
Nikkei 225 16,500.58 Down 124.22 (0.75%)

Taiwan
Taiwan Weighted 6,412.03 Down 46.00 (0.71%)

Europe looks dull as well

Global markets looks weak overall , we need to see how Indian market reacts to this.
To check the current levels of Global markets Indices check here:
Yahoo! Finance American Markets
Yahoo! Finance Asian Markets
Yahoo! Finance Europe Markets

Stock Picks for today:
- Bajaj Auto
- Dabur India
- Wipro
- HDFC Bank
- L&T
- Zee Tele

News:
- Thee PSU banks to go for IPO

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Indian Stock Market - Evening Update (Tuesday)

Market did open in a postive note and touched the 11000 mark and at the close of the session it closed down a bit due to some profit bokkings.

Sensex - 10905 Down 35 points
Nifty - 3262 Down 3 points

BHEl,Cipla and SAIL were the top gainers

Zee Tele,Dabur India,Wipro and Bajaj Auto were top losers

Looks like the market has some resistance at 10900 levels , we need to see how the market reacts tomorrow.

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Monday, March 20, 2006

Will Sensex touch 11000 today?

It is 11:15 IST and the market seems very positive ans slowly approaching towards the 11000 mark, presently Sensex is at 10984 up 43 points , the contributers today are Pharma,Energy/Power and Auto Stocks , IT stock are slightly down.

Lets wait and watch :)

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Indian Stock Market - Morning Update (Tuesday)

Market looked very firm on Friday and again on Monday, can Sensex touch the 11000 mark today is the big question, I am sure lot of people like me are waiting out there to see this happening.

Stock Picks for today:
- Bharti Tele
- Bajaj Auto
- Ranbaxy
- Zee Tele (this stock looks positive and is trading in huge volumes since last week)
- VSNL
- Tata Steel

The week started with two sectors faring well on monday , IT and Metals , we should wait and watch if this trend continues and these two sectors could well take the Sensex beyond the 11000 mark.

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Indian Stock Market - Update (Monday)

wow!! what a positive day for the stock market , it opened in a positive note and even better closed at new high.
Sensex - 10941 closed up 81 points
Nifty - 3265 up 31 points
MTNL gained by 6.3% to close at 174, SAIL had a good move the stock closed at 68.65 up by 5.2%.
Market seems to have starts stocks every week or two , for this week it has been Zee tele who has been having a bull run since last week, zee closed at 247 up by 6.2% , the other starts of the day were wipro which closed at 544 a gain of about 4.5% , evem Infosys was up by 3% and closed at 2966.


The positive market seems to be in a mood of touching the 11000 mark this week, lets wait and watch :)

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Sunday, March 19, 2006

Indian Stock Market - Update

Both the Indices have been up since the open of the market, at present 11:45 IST
BSE Sensex is up 75 points at 10,935
and
Nifty is up about 26 points at 3,260
CNX IT index is up by 1.48% at 4205 , wipro is up about 2.5% at 533

The start of the day so far has been Zee Tele which was up
since the start of trading house and at one point surged it's 52-week high (256.95 was the days peak) and came down marginally, presently it is trading at 246 up 5.8%

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Friday, March 17, 2006

Friday: Indian Stock Market Update

Today Market touched yet another historic high of about 10940 and then towards the end of the day , it came down by 18 points to close at 10860. Broadbased selling at the end of the session bought the sensex down.
Nifty closed up 7 points at 3234.

Todays top gainer:
zee tele 5%
Hindalco 1.8%
Tata motors 1.6%
Other gainers were ONGC and IPCL

Todays losers:
Sail,Bharthi Tele,Infosys,HLL and Gujrat Ambuja were among the top losers.


Oil and metal sectors were the gainers today.

Now we have to wait and see if market creates history in next week.

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Thursday, March 16, 2006

Daily Indian Stock Market Update and Days Forecast

16-Mar-2006
Market was positive there was broad based buying , zee was the highest gainer . Overall
Nifty was up by 1% and Sensex was up about 0.7%

Sectors To watch today:
- Bank
- IT

Stock picks for today:
- Infosys
- Wipro
- SBI
- HDFC Bank

Other News:
Goldman Sachs is set to invest $1b in India

This could be a good trigger to market today.


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Tuesday, March 14, 2006

Daily Market Update

Sensex and Nifty both ended flat , Sensex closed 7% down and Nifty about 2% down. Banking and FMGC sectors did well. Again there was lot of swing seen in market in yesterdays trade, initially Sensex went up by about 50% and then again came down. Looks like 10800 is a kind of hard barrier for Sensex, we will have to wait and watch what happens today.

Sectors To watch today:
- Cement
- Steel

Stock picks for today:
- Satyam
- ACC
- Bharti Tele

Stock market is closed on 15-Mar-2006 due to Holi festival.

Monday, March 13, 2006

Daily Market Update and Days Forecast

Yesterday market had a rollar coaster ride with huge swings , at one point Sensex even touched the historic 10850 mark and then came down. At the end of the day Sensex closed UP 38 points.
The IT sector had a good run yesterday with TCS,Wipro & Satyam seeing huge gains.

Big question for today is will the Sensex hit another historical mark 11000, will that happen today we have to wait and watch.

Sectors to watch today:
- Oil
- Auto
- FMCG

and

Stocks to watch today :
- Infosys
- Maruthi
- ITC
- ONGC
- Dhampur Sugar

Happy Trading

Sunday, March 12, 2006

Sensex and Niftl are at All time High

Sensex and Nifty are at all time high , Sensex closed at 10765 and Nifty closed at 3183 on friday 10-Mar-2006. On firday the best gains were seen in IT sector (after a long time).

Stocks to watch today are:
Bharati Tele
Maruthi Udyog
ONGC
Reliance communication ventures

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