Thursday, April 27, 2006

Indian Stock Market - Morning Update (Friday)

Global Markets are looking mixed this morning, Dow is up 0.25%, Nasdaq up by 0.49%. But Asian markets are in red Nikkei is down -1.73%,Hang-Seng Index is down 1.49% and FTSE 100 (europe) is down by 0.73%.

NOTE:
- Companies announcing Results today
- Today is the last trading day of this month

Indian ADR's

Major ADRS were down today
Technology :
Infosys was down 4.69% at 75 USD
Satyam was down 3.10% at 35 USD
Wipro is down 2.10% at 14 USD
Patni Computers is down -6.43% at 16 USD

Banking ADRs:
HDFC Bank down 6.77% at 55 USD
ICICI Bank down 6.38% at 25 USD
Others:
VSNL is down 3.29% at 18 USD
Dr. Reddy's Lab is down 3.55% at 31 USD
Tata Motors is down 4.90% at 20 USD
MTNL down 6.17% at 8.8 USD


Stock Picks:
All are Day Trading Picks
- ACC
- MTNL
- Hinduja TMT
- HLL
- Bharti Tele


The global indices

Global Markets/Indices this morning:
America
DOW 11,382.51 +28.02 +0.25%
Nasdaq 2,344.95 +11.32 +0.49%
MXX 20,390.619 -176.291 -0.86%

Europe
FTSE 100 6,060.00 -44.30 -0.73%

China
Shanghai Composite 1,424.089 +7.357 +0.52%
Hang Seng 16,494.01 -248.84 -1.49%

Japan
Nikkei 225 16,818.971 -295.57 -1.73%

Taiwan
Taiwan Weighted 7,137.99 +1.78 +0.02%

Jakartha
Jakartha Composite Index 1,462.923 -11.686 -0.79%

News:

- SEBI bars Karvy, 23 other entities
- ONGC invites Petrobras to invest in refining ventures
- Grasim Q4 net up 14.5%

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Results to be announced today (28-Apr-2006)

Corporate Results to be announced today (28-Apr-2006)

- MACMILLAN INDIA LIMITED
- ORCHID CHEMICALS & PHARMACEUTICALS LTD
- STERLING BIOTECH LIMITED
- JAYSHREE TEA & INDUSTRIES LTD
- ITI LTD
- HINDUSTAN LEVER LTD
- GLAXOSMITHKLINE PHARMACEUTICALS LIMITED
- GAIL (INDIA) LTD
- FINOLEX INDUSTRIES LTD
- BANK OF BARODA
- AMTEK AUTO LTD
- MCDOWELL & COMPANY LIMITED
- DWARIKESH SUGAR INDUSTRIES LIMITED
- RELIANCE NATURAL RESOURCES
- YES BANK LIMITED
- BHARTI TELE-VENTURES LTD

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Indian Stock Market - Evening Update (Thursday)

It was a positive volatile day, Sensex started with a bang and kissed an all time high of 12,086 , during the end of the trading session there was lot of selling seen mainly today being the F&O settlement day. Due to this selling the Sensex closed below 12K mark at 11,835 down -103.51 -0.87%
Good thing to note was MidCap & SmallCap fared well and closed on green !!
The highlight of the day was Reliance Industries which posted a result above dalal street expectations, the stock ended the day at Rs.996 +19 +1.97%

Sensex Day's Range : 11,803 - 12,086
BSE 100 6,138.31 -45.37 -0.73%
BSE MidCap 5,716.86 31.94 0.56%
BSE SmallCap 7,254.80 60.54 0.84%

Nifty also ended in red at 3508 down -47 or -1.34%

Nifty Day's Range : 3,492 - 3,598
CNX Nifty Junior : 6,583.35 6,624.80 -0.63%
CNX IT : 4324.60 4374.70 -1.15%
CNX 100 : 3419.30 3462.10 -1.24%

Top Gainers:

- Dabur 141.80 6.98%
- National Alu 320.00 2.75%
- Hindalco 218.50 2.13%
- ZeeTele 246.50 1.99%
- Sun Pharma 856.00 1.98%


Top Losers:
- ONGC 1303.45 -5.92%
- VSNL 421.80 -3.85%
- ACC 934.15 -3.53%
- HCL Tech 575.80 -3.07%
- Infosys 3132.70 -2.86%

News:
- Reliance Industries Q4 net up 9.2 per cent
- BPCL FY06 net drops 68%
- Zee to demerge consumer biz to ASC
- Grasim FY06 net up 18%, to pay 200% dividend
- SKF India Q1 net up 60%

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Wednesday, April 26, 2006

Indian Stock Market - Morning Update (Thursday)

Global Markets are looking great this morning, Dow up 0.63%, Nasdaq up by 0.14%, IBOVESPA up by 1.69%. Asian markets are also in green Nikkei is up 0.55%,Taiwan Index is up 0.26% and FTSE 100 (europe) is up by 0.29%.

Indian ADR's
Major ADRS were up today
Technology :
Infosys was up 0.24% at 79 USD
Satyam was up 1.65% at 36 USD
Wipro is up by 0.99% at 14 USD
Patni Computers is down 13.34% at 17 USD

Banking ADRs:
HDFC Bank up 1.59% at 59 USD
ICICI Bank down 1.93% at 27 USD
Others:
VSNL is up 1.88% at 19 USD
Dr. Reddy's Lab is up 1.83% at 32 USD
Tata Motors is up 3.39% at 21 USD
MTNL up 4.4% at 9 USD

NOTE:
- Results to be announced today
- F&O settlement will happen since today being the last Thursday of the month


Stock Picks: All are Day Trading Picks
- Reliance Industries
- Wipro
- L&T
- Zee

The global indices
Global Markets/Indices this morning:
America
DOW 11,354.49 +71.24 +0.63%
Nasdaq 2,333.63 +3.33 +0.14%
BVSP 40,410.059 +671.99 +1.69%
MXX 20,566.910 +206.301 +1.01%

Europe
FTSE 100 6,104.30 +17.70 +0.29%

China
Shanghai Composite 1,417.212 -0.265 -0.02%
Hang Seng 16,672.66 0.00 0.00%

Japan
Nikkei 225 17,149.289 +93.36 +0.55%

Taiwan
Taiwan Weighted 7,187.84 +18.86 +0.26%

Jakartha
Jakartha Composite Index 1,481.719 0 0.00%

News:
- Hinduja TMT approves demerger of BPO
- Dabur eyes acquisitions abroad

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Corporate results to be announced tomorrow (27-Apr-2006)

Corporate Results (only few are listed) to be announced tomorrow (27-Apr-2006)

- HINDUSTAN MOTORS
- SKF INDIA LIMITED
- PENTASOFT TECHNOLOGIES
- ESCORTS LTD
- DENA BANK
- BHARAT PETROLEUM CORPN
- RELIANCE INDUSTRIES
- ZEE TELEFILMS
- INOX LEISURE
- PROCTER & GAMBLE HYGIENE AND HEALTH CARE
- PETRONET LNG

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Sensex Bounces back in Style, 291 point Rally

Indian stock market bounced back strongly today with a +291 point rally and Nifty had a +93 point rally, after having a 3-day fall.The day started of cautiously and but as the results of Maruti Udyog and Semines came out, Sensex started to bounce back and there was wide spread buying across the board.
Sensex ended the day at 11,938.53 up +291 or +2.5%

Sensex Day's Range : 11,635.40 - 11,965.09
BSE 100 6,183.68 138.07 2.28
BSE MidCap 5,684.92 88.04 1.57
BSE SmallCap 7,194.26 128.82 1.82

Nifty also ended high at 3555 up +93 or +2.69%

Nifty Day's Range : 3,454 - 3,562
CNX Nifty Junior : 6624.80 6518.40 1.63%
CNX IT : 4374.70 4289.55 1.99%
CNX 100 : 3462.10 3376.55 2.53%


Top Gainers:
- MTNL 216 +6.98%
- Maruti 923 +6.35%
- Cipla 262 +5.76%
- Tata Steel 655 +5.19%
- ACC 968 +4.75%


Top Losers:
- IPCL 259 -2.02%
- L&T 2660 -1.05%
- Zee 241 -0.94%
- Ranbaxy 477 -0.84%
- Oriental Bank 230 -0.71%

News:

- LIC profit at Rs 5,800 cr, biz up 48 per cent
- Maruti Q4 up net 39.1 per cent
- Colgate Palmolive Q4 net scales up 14 pc

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Tuesday, April 25, 2006

Indian Stock Market - Morning Update (26-Apr-2006)

Global Markets are looking mixed today, while Dow is down -0.47%, the Asian are looking better, SSE composite is up by +1% and Nikkei is up by +0.27%
Oil prices cooled down a bit and have come down to $72/barrel

Indian ADR's
Major ADRS were down today
Only Patni Computers and HDFC Bank closed in green

- Results to be announced today
- R Systems International to listed today

Stock Picks:
All are Day Trading Picks
- Reliance
- Cipla
- Maruti

The global indices
Global Markets/Indices this morning:
US
DOW 11,283.25 -53.07 -0.47%
Nasdaq 2,330.30 -3.08 -0.13%
MXX 20,360.609 +161.898 +0.80%

Europe

FTSE 100 6,086.60 -12.10 -0.20%

China
Shanghai Composite 1,415.153 +15.386 +1.10%
Hang Seng 16,595.01 +17.24 +0.10%

Japan
Nikkei 225 17,016.779 +46.49 +0.27%

Taiwan
Taiwan Weighted 7,087.60 +27.66 +0.39%

Jakartha
Jakartha Composite Index 1,478.161 +19.377 +1.33%

News:
- Subex buys UK's Azure

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Corporate results to be announced today (26-Apr-2006)

Corporate results to be announced today (26-Apr-2006)

- BATA INDIA
- GODREJ CONSUMER PRODUCTS
- COLGATE PALMOLIVE INDIA
- APTECH LIMITED
- SIEMENS LTD
- IL&FS INVESTSMART LTD
- INDIA INFOLINE LIMITED
- PATNI COMPUTER SYSTEMS
- MARUTI UDYOG

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Monday, April 24, 2006

RPL fixes price at Rs 60/share

News Source and Details
Reliance Petroleum Ltd fixes price at Rs 60/share

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Indian Stock Market - Morning Update (Tuesday)

Global Markets looks almost flat today, Dow is down -0.10% while Nasdaq is down -0.4%. Asian and European markets are in red SSE is down by -0.90% while FSTE 100 is down by -0.50%.
Oil prices cooled down a bit and have come down to $73

Indian ADR's
Major ADRS were down today
Technology :
Infosys was down 1.4%
Satyam was up 1.2%
Wipro is down 0.48%
Patni Computers is down 0.95%.
Banking ADRs:
HDFC Bank down 6.45%
ICICI Bank down 3.17%
Others:
VSNL is down 0.75%
Dr. Reddy's Lab is down 1.57%
Tata Motors is down 1.85%
MTNL up 1.55%

- Results to be announced today

Stock Picks: All are Day Trading Picks
- Reliance Capital
- Cipla
- Wipro
- Sun Pharma
- MTNL

The global indices

Global Markets/Indices this morning:
US
DOW 11,336.32 -11.13 -0.10%
Nasdaq 2,333.38 -9.48 -0.40%

Europe

FTSE 100 6,098.70 -34.00 -0.55%

China
Shanghai Composite 1,396.547 -13.239 -0.94%
Hang Seng 16,690.99 -14.68 -0.09%

Japan
Nikkei 225 16,952.779 +38.38 +0.23%

Taiwan

Taiwan Weighted 7,078.86 -17.18 -0.24%

Jakartha

Jakartha Composite Index 1,441.964 -0.901 -0.06%


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Corporate Results to be announced today (25-Apr-2006)

Following are few of the companies announcing their numbers today (25-Apr-2006)

- DABUR INDIA LTD
- VISAKA INDUSTRIES LTD
- WOCKHARDT LIMITED
- MTNL
- VISUALSOFT TECHNOLOGIES
- SUBEX SYSTEMS
- ABB LTD
- BALLARPUR INDUSTRIES
- CIPLA LTD

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Indian Stock Market - Evening Update (Monday)

Indian stock market closed in red today, The day started of cautiously and it continued throughout the day, there was profit bookings in few stocks like VSNL and Wipro. Finally Sensex closed below 12K mark at 11,915.24 down -115.06 -0.96%, however MidCap and SmallCap indices in BSE did well today to gain 45 and 91 points respectively.BSE Banking index lost 2%.
Newly listed stock Sun TV had a great opening, the stock listed at a price of 875 and closed at 1466 up 591 points or 67%.


BSE 100 6,178.81 -47.40 -0.76
BSE MidCap 5,672.78 45.49 0.81
BSE SmallCap 7,089.56 91.05 1.30

Nifty also ended in red at 3548 down -0.68%

CNX Nifty Junior : 6604.90 6599.75 0.08%
CNX IT : 4375.70 4463.10 -1.96%
CNX 100 : 3454.85 3474.55 -0.57%


Top Gainers:
- Dabur 136 +2.48%
- L&T 2762 +2.11%
- ZeeTele 242 +1.91%
- BPCL 434 +1.67%
- MTNL 213 +1.59%


Top Losers:
- Cipla 259 -60%
- Satyam 771 -4.7%
- ICICI 569 -3.8%
- Sun Pharma 861 -3.3%
- Wipro 531 -3.26%

News:
- India's growth impressive: IMF, World Bank
- Reliance Capital FY'06 net zooms 408 pc
- RPL fixes Rs 60 as issue price


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Sunday, April 23, 2006

Indian Stock Market - Morning Update (Monday)

Global markets are looking mixed today, Dow closed at 11,347 and Nasdaq was down by 19 points to close at 2,342 on Friday. Today morning the Chinese market is looking dull , both Shanghai and Hang Seng are down each by -0.46% and -0.26%, Nikkei is down by -2.1%.While Europe market is up by 51 points at 0.84% and Taiwan market is up by 0.32%.

Sensex closed almost flat but with lost of volatility on Friday, I hope the results announced today will help the market sentiment.

- Results Today
- Sun TV Ltd lists today

Stock Picks: All are Day Trading Picks
- Reliance Capital
- Grasim
- Cipla
- IndiaBulls

The global indices
Global Markets/Indices this morning:

Europe
FTSE 100 6,132.70 +51.30 +0.84%

China
Shanghai Composite 1,410.217 -6.576 -0.46%
Hang Seng 16,868.109 -44.04 -0.26%

Japan
Nikkei 225 17,038.33 -365.63 -2.10%

Taiwan
Taiwan Weighted 7,115.89 +22.84 +0.32%


News:
- Software exports touch $23.49 bn
- India, Germany to co-operate in N-power, space

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Corporate Results to be announced today (24-Apr-2006)

Following are few of the companies announcing their numbers today (24-Apr-2006)

- LIBERTY SHOES LTD
- ROLTA INDIA LTD
- 3M INDIA LIMITED
- MRF LTD
- RELIANCE CAPITAL LIMITED
- SONATA SOFTWARE LTD
- THE DHAMPUR SUGAR MILLS LTD
- HCL INFOSYSTEMS LTD
- ULTRATECH CEMENT LIMITED
- CANARA BANK
- INDIABULLS FINANCIAL SERVICES
- RELIANCE CAPITAL VENTURES LTD
- PVR LTD

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Friday, April 21, 2006

Indian Stock Market - Week in Review

Week in Review : 17 to 21 Apr,2006
This week was historical, Sensex closed well above 12,000 mark and achieved another milestone.This week also saw Tech Giants like TCS and Wipro posting results beyond dalal street expectations, but yesterday Satyam's number were slightly below expectation which changed the market sentiment a bit and for the first time in the week, markets closed in red, But Satyam achieved a key milestone as a company, becoming a $1 bn company, with this it can bid for bigger orders.

On Monday Sensex opened at 11,237 and closed on Fri at 12,030 up by a whooping +793 points rally.

Highlights
- The week also saw few more Indian companies joining the $1 bn club
- The RPL IPO closed on 20-Apr-2006 and it created new history

BSE MidCap
Monday : 5,370 and closed on Friday at 5,627.29 up by +257 points

BSE SmallCap
Monday : 6,738 and closed on Friday at 6,998 up +260 points

Nifty also ended at historic high
Monday : 3,345 and closed on Friday at 3,573 up +228 points.

Nifty Junior
Monday : 6,383 and closed on Friday at 6,599 up +216 points.

CNX IT

Monday : 4140.45 and closed on Friday at 4,463 up +323 points.

CNX 100
Monday : 3268.85 and closed on Friday at 3,474 up +206 points.


This weeks Star was Reliance, which touched a new high and it's RPL IPO over subscribing by 50 times or more.Their stocks jumped by about 15% to close on Friday at 974.


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Corporate results to be announced tomorrow (22-Apr-2006)

Following are few of the companies announcing their numbers tomorrow (22-Apr-2006)

- ADLABS FILMS LIMITED
- DHARANI SUGARS & CHEMICALS
- ZANDU PHARMA WORKS LTD
- GUJARAT AMBUJA EXPORTS
- RELIANCE INDUSTRIAL INFRASTRUCTURE LIMITED

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Indian Stock Market - Evening Update (Friday)

Indian stock market closed flat today, The day started with a good jump and at one point Sensex touched all time high of 12,102 points, as the Satyam results came out which were below market expectations , the market reacted to it and the negative trend started. Finally Sensex was down marginally by -9 points to close at 12,030.

BSE 100 6,226.21 -6.73 -0.11%
BSE MidCap 5,627.29 13.37 0.24%
BSE SmallCap 6,998.51 0.40 0.01%

Nifty also ended flat at 3573 -0.45 points or 0.01%

CNX Nifty Junior : 6599.75 6637.00 -0.56%
CNX IT : 4463.10 4484.05 -0.47%
CNX 100 : 3474.55 3477.80 -0.09%

Top Gainers:
- Ranbaxy 503 +6.5%
- MTNL 211 +4.2%
- Maruti 909 +2.9%
- Tata Motors 979 +2.9%
- HLL 284 +2.87%

Top Losers:
- Satyam 810 -7.0%
- Tata Chemicals 258 -2.25%
- NationalAlum 315 -1.99%
- Hindalco 211 -1.95%
- RIL 974 -1.77%

News:
- BEML bags Rs 800 cr defence order
- Tata Motors plans to sell 5270 vehicles
- Philips launches digital satellite TV
- Transformation Inc @Satyam Comp

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Satyam Q4 net up 36%, to pay bonus, dividend

News Source and Details
Satyam Computer Services Ltd today posted a 35.96 per cent rise in net profit at Rs 289.90 crore for the quarter ended March 31 as compared to Rs 213.21 crore in the same period last fiscal.
Total income increased 31.56 per cent to Rs 1,287.52 crore for fourth quarter in 2005-06 from Rs 978.64 crore in the year-ago period, the company informed the Bombay Stock Exchange.

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Thursday, April 20, 2006

Global outsourcing biz creates record

News Source and Details
The first quarter of 2006 has seen the global outsourcing industry posting a record performance. The segment saw $22.7 billion in total contract value (TCV) for contracts valued at $50 million or more, up 173% y-o-y, comprising a record number of 83 outsourcing transactions, according to TPI Index, a quarterly report on the state of the global outsourcing industry by sourcing advisory firm TPI Inc.

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Eight new firms join $1 bn club

News Source and Details
Hindustan Copper, BF Utilities, Unitech, Century Textiles, Kirloskar Brothers, Aban Lloyd Chiles, Balrampur Chini and Biocon have joined the $1 billion market cap club, taking the $ 1 billion membership to 112.

Three weeks back, on March 27, when Sensex closed at over 11,000 level, there were 104 members in the club.

These 112 companies collectively account for 76 per cent market capitalisation of the Bombay Stock Exchange (BSE). Oil and Natural Gas Corporation (ONGC), Reliance Industries, National Thermal Power Corporation (NTPC), TCS and Infosys Technologies have market-cap over $20 billion.

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Indian Stock Market - Morning Update (Friday)

Global markets are looking mixed today, Dow is up +64 points or 0.57% where as Nasdaq is down by -8.3 14.7 points or -0.35%. Other global markets are trading strongly, Nikkei is up +96 points and Taiwan index is up by +35 points.
RIL powered rally made the Sensex cross 12,000 landmark yesterday. We got to be a bit cautious today and make moves.

Corporate Results to be announced today

Stock Picks:
All are Day Trading Picks
- Infosys
- RIL
- Reliance Energy
- TCS


Global Markets/Indices this morning:

US
Dow 11,342.89 +64.12 +0.57%
Nasdaq 2,362.55 -8.33 -0.35%

Brazil & Mexico
Bovespa 39,774.59 -163.15 -0.41%
MXX 19,979.539 +46.449 +0.23%

China
Shanghai Composite 1,401.54 +15.64 +1.13%
Hang Seng 16,908.35 -35.99 -0.21%

Japan
Nikkei 225 17,413.75 +96.22 +0.56%

Taiwan
Taiwan Weighted 7,138.35 +35.61 +0.50%

News:
- Sona Koyo to consider bonus issue
- MFs bigger buyers, not FIIs
- Zensar Tech net doubles to Rs 34 cr
- TCS to hold 64% stake in Chinese JV

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Infosys buys out Citi's stake in Progeon

News Source and Details
Infosys Technologies Limited (Infosys - Nasdaq: INFY) today announced its agreement with Citicorp International Finance Corporation (“Citi”) to acquire their entire holdings in Progeon Limited (“Progeon”). Under the agreement, Infosys will buy all (23% on a fully diluted basis) of Citi’s holdings in Progeon amounting to 8.75 million shares for a consideration of approximately US$ 115.13 million (approximately Rs. 518 crore, considering an exchange rate of US$ 1 = Rs. 45). The consideration will be paid in cash and the transaction is expected to be completed by July 2006.

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Corporate Results to be announced tomorrow (21-Apr-2006)

Following are few of the companies announcing their numbers tomorrow (21-Apr-2006)

- EXIDE INDUSTRIES LTD
- IDBI
- TULIP IT SERVICES LTD
- ASTRA MICROWAVE PRODUCTS LIMITED
- PETRONET LNG LTD
- GEOMETRIC SOFTWARE
- TATA ELXSI
- SSI LTD
- SATYAM COMPUTER SERVICES
- BAJAJ HINDUSTHAN

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Dalal Street Rocks, Sensex touches another milestone closes at 12,039

Indian stock market continued it's historic bull run and touched a new height today, Sensex closed at 12,039 up +143 or 1.21%, RIL was the major index contributor today and Nifty closed at 3573 up +37 points or 1.06%, At one point Sensex touched 12,053.

BSE 100 6,232.94 66.64 1.08%
BSE MidCap 5,613.92 42.89 0.77%
BSE SmallCap 6,998.11 56.37 0.81%

Nifty ended the day at 3573 up +37 points or 1.06%

CNX Nifty Junior : 6637.00 6598.00 0.59%
CNX IT : 4484.05 4498.70 -0.33%
CNX 100 : 3477.80 3443.50 1.00%

Top Gainers:
- Reliance 992 +7.68%
- MTNL 202 +6.7%
- Tata Steel 643 +5.7%
- Hindalco 215 +5.6%
- IPCL 276 +4.9%

Top Losers:
- Sun Pharma 890 -3.4%
- HDFC 1272 -2.06%
- Bharti 406 -1.66%
- TCS 1979 -1.65%
- Cipla 660 1.6%

News:
- RPL public issue oversubscribed by 30.9 times
- Hexaware Tech Q1 net at Rs 26.02 crore
- Biocon profit up 14%

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RPL public issue subscribed over 25 times

News Source and Details
Reliance Petroleum's initial public offer, which opened on April, 13 has been subscribed over 25 times the size of the public issue at 11 a.m.
Applications for a total of 1,154 crore shares were received as against the 45 crore shares that are on offer on both NSE and BSE, according to market sources.

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Reliance hits $1.8 bn oil jackpot

News SOurce and Details
Reliance Industries Ltd. has struck oil in an exploration block off India's eastern coast, with estimated reserves of 1 billion barrels, according to an unsourced report on Thursday.
The discovery, in the D-6 block of the Krishna-Godavari basin off India's east coast, could fetch revenues of $1.8 billion a year for 15 years based on an oil price of $60 a barrel, it said.

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Sensex hits 12,000 Milestone and going strong

Sensex finally touched the 12,000 mark, since morning it touched 11,980 several times and Sensex was swinging between 11,950 to 11,990 and finally touched 12,000 at about 03:00 pm, presently Sensex is trading at a life time high of 12,047 up +151 points or 1.27%
BSE 100 is up by +69 points at 6,236

Nifty is at 3,557 up +1.13%
CNX 100 is up +1% at 3479

- RIL is up 7.8% at 994
- Hindalco is up 5.9% at 215

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Wednesday, April 19, 2006

Indian Stock Market - Morning Update (Thursday)

Global markets are looking flat today, Dow is up marginally by +10 points or 0.09% and Nasdaq is up by +14.7 points or +0.63%. Other global markets are trading strongly flat as well, Nikkei is up +1.58 points and Taiwan index is up by +51 points.
Yesterdays results were mixed, while wipro announced results beating dalal street expectations, HCL did not meet expectations, due to this all the front line IT stocks saw selling pressure and most of them closed in red.

Corporate Results to be announced today

Stock Picks: All are Day Trading Picks
- SAIL
- L&T
- Tata Steel
- RIL
- 3i Infotech
- Wipro

NOTE:
- Ispat Industries re-lists today
- Reliance Petroleum Ltd IPO closes today


Global Markets/Indices this morning:

US
Dow 11,278.77 +10.00 +0.09%
Nasdaq 2,370.88 +14.74 +0.63%

Brazil & Mexico
Bovespa 39,937.738
MXX 19,933.090 +113.020 +0.57%

China
Shanghai Composite 1,393.61 -3.092 -0.22%
Hang Seng 16,792.33 -38.11 -0.23%

Japan
Nikkei 225 17,351.699 +1.58 +0.01%

Taiwan
Taiwan Weighted 7,090.30 +51.52 +0.73%

News:
- 3i Infotech net profit rises to Rs 18 cr in Q4
- Infotech Enterprises declares 1:2 bonus
- DoT to invest Rs 1,000 cr in optic fibre cable network

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Corporate Results to be announced on 20-Apr-2006

Following are few of the giants who are announcing their numbers tomorrow (20-Apr-2006)

- BHARAT ELECTRONICS LTD
- ZENSAR TECHNOLOGIES LIMITED
- MARICO LIMITED
- ENTERTAINMENT NETWORK (INDIA) LTD. (ENIL)
- HEXAWARE TECHNOLOGIES LTD
- BIOCON LIMITED
- INDO RAMA SYNTHETICS LIMITED

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Standard & Poor's Positive on India

News Source and Details
Standard & Poor's said on Wednesday it had revised the outlook on India's sovereign credit rating to positive from stable, citing improving prospects of the country handling its debt burden.

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Indian Stock Market - Evening Update (Wednesday)

Indian stock market continued the bull run, Sensex touched another historic mark of 11978 and Nifty touched 3567 at about 12:30 and then finally Sensex closed the day up +74 points at 11,895 +0.63%.
There was selling seen in IT stocks.

BSE 100 6,166.30 21.33 0.35%
BSE MidCap 5,571.03 27.29 0.49%
BSE SmallCap 6,941.74 20.41 0.29%

Nifty ended the day at 3,535 up 0.50%

CNX Nifty Junior : 6598.00 6609.70 -0.18%
CNX IT : 4498.70 4559.60 -1.34%
CNX 100 : 3443.50 3429.65 0.40%

Top Gainers:
- Sun Pharma 921 +4.8%
- National Alum 325 +4.5%
- ACC 968 +3.4%
- Reliance 921 +3.4%
- TATA Steel 608 +3.2%

Top Losers:
- HCL Tech 602 -7.3%
- BPCL 431 -3.8%
- Zee Tele 245 -2.4%
- GAIL 309 -2.2%
- VSNL 436 -2.1%

News:
- HCL enters billion-dollar club
- TCS plans to hire 30,500 this year


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Tuesday, April 18, 2006

Wipro's combined IT businesses surpass $2 billion landmark

Source: NSE

Wipro’s Revenues cross Rs. lO0 billion mark; Revenues from combined IT businesses surpass $2 billion landmark

Highlights
Results for the year ended March 31, 2006
• Wipro Limited Revenues increased by 30% to Re. 106.26 billion (Rs. 10,626 Crores)
• ProfitAfterTaxgrewby 27% toRe, 20.7 billion (Rs.2,067 Crores)
• Revenues from our combined IT business crossed $2 billion landmark; Global IT business Revenues grew 3Y/0 while Revenues from our India, Middle East and Asia Pacific business grew 22%
• Employee strength in Global IT business crosses 50,000
• Board of Directors recommends a cash dividend of Rs. 5 per sharaIADS, subject to shareholder approval in the Annual General Meeting scheduled in July 2006
Results for the Quarter ended March 31,2006
• Wipro Limited Profit After Tax grew by 43% year on year to Rs. 6.18 billion (Rs. 618 Crores), Revenue increased by 35% yoy to Rs. 31.13 billion (Rs. 3,113 Crores);
• Global IT Services & Products Revenue was Rs. 23.17 billion (Rs. 2,317 Crores), a 41% increase year on year (yoy)
• Global IT Services & Products Profit before Interest and Tax (PBIT) was Rs. 581 bIllion (Rs. 581 Crores); Operating Margin was 251%. an expansion of approximately 30 basis points over quarter ended December 31, 2005
• Technology Business in Global IT Services segment crossed landmark of $500 million annual Revenues
• Global IT ServIces & Products added42 new clients in the quarter.
• Wipro’s India, Middle East & Asia Pac business records 36% growth in PBIT yoy; Revenue grew 18%

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Indian Stock Market - Morning Update (Wednesday)

Global markets are looking great today, Dow is up +194 points or 1.76% and Nasdaq is up by +44 points or +1.95%. Other global markets are trading strongly as well, Nikkei is up +136 points and Taiwan index is up +63 points.

With good Q4 results, Sensex is moving ahead strongly.
Corporate Results to be announced today

Stock Picks: All are Day Trading Picks
- Infosys
- Wipro
- Satyam
- HCL tech
- JSW Steel
- Reliance Energy
- Reliance

The global indices
Global Markets/Indices this morning:
US
Dow 11,268.77 +194.99 +1.76%
Nasdaq 2,356.14 +44.98 +1.95%

Brazil & Mexico
Bovespa 39,572.469
MXX 19,820.070 +187.730 +0.96%

China
Shanghai Composite 1,386.263 +1.149 +0.08%
Hang Seng 16,832.971 +195.44 +1.17%

Japan
Nikkei 225 17,369.539 +136.68 +0.79%

Taiwan
Taiwan Weighted 7,052.47 +63.01 +0.90%

News:
- Infosys ADS hits 5-yr high of $85.08
- Oracle predicts India's rise on software horizon
- Wipro Q4 net seen up 32%

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Results to be announced on 19-Apr-2006

Following are few of the giants who are announcing their numbers tomorrow (19-Apr-2006)

- HCL Technologies
- JSW Steel
- Reliance Energy & Reliance Energy Ventures
- Ranbaxy
- Wipro

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Dalal Street on Fire, Sensex closes well above 11,800 mark

Indian stock market was on fire today, with Sensex closing at 11,821 up +281 points or 2.44%. The bull run continued with some more good results coming in today. TCS announcing results above dalal streets expectations, few other results which were announced were, NDTV,Indo Raman textiles and Kirloskar Bros.

BSE 100 6,144.97 128.26 2.13%
BSE MidCap 5,543.74 71.33 1.30%
BSE SmallCap 6,921.33 76.69 1.12

Nifty was also saw new heights and ended the day at 3,518 up 2.71%

CNX Nifty Junior : 6609.70 6512.20 1.50%
CNX IT : 4559.60 4375.05 4.22%
CNX 100 : 3429.65 3344.90 2.53%

Top Gainers:
Bajaj Auto : 3001 +8.5%
Wipro : 570 +5.5%
TCS : 2009 +5.4%
ONGC : 1307 +5.1%
Reliance : 891 +4.6%

Top losers:
HPCL : 321 -2.75%
BPCL : 448 -1.84%
Gujrat Ambuja Cement : 115 -1.74%
National Alum : 310 -1%
Tata Steel : 589 -0.9%

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Monday, April 17, 2006

TCS Q4 results

TCS posted Q4 results above dlal street expectations
- TCS Q4FY06(QoQ) net up 7.87% at Rs 809 cr
- Revenues up 8.1% at Rs 3733 cr

The company board has approved 1:1 bonus issue and a dividend of Rs 4.50 per share

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Indian Stock Market - Morning Update (Tuesday)

Global markets are mixed today , Dow was down -63 points or -0.57% and Nasdaq was down by -14 points. Other global markets are trading strongly, Brazil market was up by +377 points and Nikkei is also up +144 points.

ACC is announcing it's numbers today.

Stock Picks: All are Day Trading Picks
- TCS
- Satyam
- Mangalam Cement
- ACC
- Maruti Udyog

The global indices
Global Markets/Indices this morning:
US
Dow 11,073.78 -63.87 -0.57%
Nasdaq 2,311.16 -14.95 -0.64%

Brazil & Mexico
Bovespa 38,462.48 +377
MXX 19,632.340 +309.721 +1.60%

China
Shanghai Composite 1,381.348 +2.734 +0.20%
Hang Seng 16,573.449 +144.00 +0.88%

Japan
Nikkei 225 17,144.58 +144.22 +0.85%

Taiwan
Taiwan Weighted 6,978.78 -21.31 -0.30%

News:
- TCS net up 72%, announces 1:1 bonus issue
- Oracle raises i-flex stake to 50.6 pc

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Another Bull run on Dalal Street, Sensex up by 302 points

Indian stock market had a good bull run today, with some good and supporting numbers from few giants like HDFC Bank,Gurarat Ambuja cement and UTI Bank. Sensex closed up +302 points or 2.69% to end the day at 11,539. The start sector for he day was technology, with the Infosys leading it's way by announcing good number and a bonus issue on Thursday 13-Apr-2006. All the major tech stocks were up.
We couldn't have asked for a better day than this after the fall we saw in the last week :)

BSE MidCap 5,472.41 101.81 1.90%
BSE SmallCap 6,844.64 106.05 1.57

Nifty was also up in green to close the day at 3,415 up 2.09%

CNX Nifty Junior : 6505.40 6383.40 1.91%
CNX IT : 4363.05 4140.45 5.38%
CNX 100 : 3335.90 3268.85 2.05%

Top Gainers:
HCL Tech : 633 +8.5%
Gujrat Ambuja : 117 +7.9%
Grasim : 2244 +7.5%
NATIONALUM : 314 +7.4%
Satyam : 828 +7.2%

Top losers:
ONGC : 1243 -1.7%
Dr Reddy : 1468 -0.34%
Glaxo : 1439 -0.34%
Dabur : 127 -0.2%
Sun Pharma : 853 -0.09%

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Indian Stock Market - UTI Bank Q4 results

News Source: www.bseindia.com

UTI bank posted a result which was well above the dalal street expectations, Q4 net profit is up 30.16% at Rs 151.7 cr from Rs 116.54 cr
The Board of Directors of the Bank has recommended the payment of dividend @ 35% (Rs 3.50 per equity share) on equity shares of the bank subject to the approval of the members at the ensuing Annual General meeting and by the Reserve Bank of India.

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Indian Stock Market - Gujarat Ambuja results

Gujarat Ambuja expect 8-10% growth in demand going forward. Realisations were up 12% in Q3. South registered maximum growth in realisations. Volume growth to come on account of blending.

Exports to continue to do well to Gulf countries. The company says they will continue to have 12-15% sales from exports. Coal costs lower QoQ. Freight cost high in Q3, likely to go up further in Q4.

Gujarat Ambuja Cements standalone net profit is up 109% at Rs 299 cr vs 143.1 cr. Its standalone net sales are up 38.5% at Rs 924 cr vs Rs 667.2 cr.

The Board has declared interim dividend of 50% (Re 1 per share) on Equity Shares.

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Indian Stock Market - HDFC Bank Q4 results

HDFC bank has posted Q4 number in line with dalal street expectations and announced net profit up 29.4% at Rs 263.2 crore.
HDFC Bank net profit for FY06 is up 31% at Rs 870.8 crore.

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Sunday, April 16, 2006

Indian Stock Market - Morning Update (Monday)

Global markets are looking mixed, Dow cloased at 11,137 and Nasdaq was up by 11 points to close at 2,326. Today morning the chinese market is up , both Shanghai and Hang Seng are up by 0.78%, Taiwan is also up by 0.79% while Nikkei is down 0.72%.
With lot of corporate results being announced this week, we got to just sit back and watch how the markets react. Todays sector to be watched is Technology, Tech giants TCS, Wipro and Satyam are announcing their results this week.

For all reasons todays trade is very crucial and everybody hopes to see the Sensex ends in green.

Stock Picks: All are Day Trading Picks
- ONGC
- Infosys
- Dr Reddys

The global indices
Global Markets/Indices this morning:

China
Shanghai Composite 1,370.101 +10.563 +0.78%
Hang Seng 16,429.449 +118.69 +0.73%

Japan
Nikkei 225 17,110.1 -123.72 -0.72%

Taiwan
Taiwan Weighted 7,007.37 +54.83 +0.79%

News:
- ONGC group’s profit at Rs 15,485 cr
- TCS net profit seen at Rs 796 crore in Q4
- GACL Q3 net profit may increase 15%
- India Inc declares record 94 bonus issues in calendar year 2005

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Friday, April 14, 2006

Indian Stock Market - Week in Review (weekly update)

Week in Review : 10 to 14 Apr,2006
This week was a short trading week, we had only 3 trading sessions but lot of damage happened in these 3 days. On monday Sensex opened at 11,589 and closed on Thu at 11,237 down by -352 points.

BSE MidCap
Monday : 5535 and closed on Thursday at 5370 down by -165 points

BSE SmallCap
Monday : 6874 and closed on Thursday at 6738 down -136 points

Nifty also ended in red this week.
Monday : 3454 and closed on Thursday at 3345 down -109 points.

This week ACC and Infosys announced their resulst and both the numberes were good, hope the market reacts in a positive way on monday.


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Thursday, April 13, 2006

Indian STock Market : News - Infosys Q4 net profit up 3.69% at Rs 673cr

News Source and Details
Infosys has announced its Q4 results. The company's net profit is up 3.69% at Rs 673 crore from Rs 649 crore, QoQ. The company has announced 1:1 bonus issue.

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Wednesday, April 12, 2006

Indian Stock Market - Morning Update (Thursday)

Global markets are looking better today, Dow was up +40 points and Nasdaq is up by +4 points. The Asian markets are mixed, Nikkei is down by -0.34%, Hang Seng is up by 0.33% and Taiwan Weighted is up by 0.59%.

Traders please be very cautious in todays trading, observe the market initially and then take your steps.

Stock Picks: All are Day Trading Picks
- ACC
- RIL
- TATA Motors

The global indices
Global Markets/Indices this morning:
Dow 11,129.97 +40.34 +0.36%
Nasdaq 2,314.68 +4.33 +0.19%
Brazil & Mexico
Bovespa 38,427.41
MXX 19,322.619 -142.531 -0.73%

China
Shanghai Composite 1,345.003 -15.129 -1.11%
Hang Seng 16,364.91 +54.15 +0.33%

Japan
Nikkei 225 17,103.619 -58.93 -0.34%

Taiwan
Taiwan Weighted 6,848.52 +40.02 +0.59%

News:
- Chevron picking up 5 pc in Reliance Petro for $300 m
- Airtel joins Bridge alliance
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Indian Stock Market : News - MphasiS BFL calls off buy-back offer

News Source and Details
IT solutions services provider, MphasiS BFL Ltd said on Wednesday that it has called off its securities buy back offer.

Indian Stock Market - Evening Update (Wednesday)

Indian stock market had another historic day of trade, but today it was a negative fall, Sensex fell by -2.6% to close the day at 11,355 down -306 points.
The fall was lead by FII's who sold frontline softwares and consumer goods stocks.

Sensex Days Range : 11,302 - 11,702
BSE MidCap 5,473 -106 -1.9%
BSE SmallCap 6,901 -68 -0.99%

Nifty also dropped by -2.8% to close the day at 3,380 down -98 points

CNX Nifty Junior : 6601 -1.39%
CNX IT : 4180 -4%
CNX 100 : 3314 -2.6%

Looks like the FII's are selling to take fresh positions, only time can say this, we have to be very cautious in this market and it is better to wait for another 2-3 trading sessions before entering again.

Tuesday, April 11, 2006

Indian Stock Market : News - India, emerging markets sizzle in Q1 of CY06

News Source and Details
In Q1 of CY06, India stands 4th with 20 per cent returns.
India, along with three other emerging markets, grabbed the honours in the first quarter of calendar 2006 with an average 20 per cent returns.

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Indian Stock Market - Morning Update (Wednesday)

Global markets are very weak today , Dow was down -51 points and Nasdaq is down by -22.9 points. The Other global markets are trading weak as well, Brazil market is down by 1.5% and Nikkei is down by 0.89%.
ACC is announcing it's numbers today.

Stock Picks: All are Day Trading Picks
- ACC
- iGate
- Mphasis BFL

The global indices
Global Markets/Indices this morning:
Dow 11,089 -51 -0.46%
Nasdaq 2,310 -22.9 -0.98%
Brazil & Mexico
Bovespa 37,901 -573 -1.49%
MXX 19,465 -83 -0.4%

China
Shanghai Composite 1,362
Hang Seng 16,475

Japan
Nikkei 225 17,262 -155 -0.89%

Taiwan
Taiwan Weighted 6,722 -34 -0.51%


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

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Monday, April 10, 2006

Indian Stock Market :News - Aircel Tele picks stake in Sahara One

News Source and Details
Aircel Televentures will acquire 14.98 per cent stake in Sahara One Media & Entertainment Ltd for Rs 120 crore. Sahara One Media & Entertainment Ltd on Monday announced that its board has approved a preferential allotment to Aircel Televentures.

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Indian Stock Market : News - Aditya Birla group to buy out Tata stake in Idea

News Source and Details
The Aditya Birla group will acquire the entire 48.14 per cent stake of the Tata group in Idea Cellular for Rs 4,406 crore, or over Rs 40 a share, bringing to an end the two groups' dispute over the fifth largest cellular operator in the country.

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Indian Stock Market : News - BSNL drops IPO plans this fiscal

News Source and Details
THE state-owned Bharat Sanchar Nigam Ltd (BSNL) has decided not to push ahead with its plans for the proposed initial public offering (IPO) in the current financial year, according to a senior company official.


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Indisn Stock Market : News - Satyam to consider bonus issue

News Source and Details
Satyam Computer Services Ltd, at the company's board meeting slated for April 21, is likely to consider the possibility of a bonus issue while taking the company fourth quarter results on record.
Revenues may cross $1 b

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Indian Stock Market - Markets Closed Today (Tuesday)

Indian Stock market is closed on a Holiday (Mahveer Jayanthi) on 11-Apr-2006.

Corporate Results announcements Today:
- iGates
- Maphisis BFL


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Sensex opened in a nervous note and was trading low until late lunch, when there was some buying seen and the Sensex moved up by 73 points to end the day at 11,662 +0.63. Mid and Small Cap was holding in positive thought out the day and closed in green.

Sensex days range - 11,535 - 11,691

BSE MidCap closed at 5,580 +45 +0.8%
BSE SmallCap closed at 6,970 +96 +1.4%

Nifty also traded weak and ended in green at the end up 24 points to close at 3,478 +0.68%, Nifty Junior closed 6 points below 6,700 mark.
Nifty days range - 3,430 - 3,487

CNX Nifty Junior - 6,694 +0.64%

Top Gainers:
- MTNL 206 +7.3%
- TATA Steel 578 +7%
- SAIL 84 +5%
- Hindalco 194 +4.3%
- Gujrat Ambuja Cement 112 +4.2%

Top Losers:
- Sun Pharma 866 -2.9%
- HCL Tech 603 -2.14%
- SBI 964 -1.57%
- Bharti 404 -1.28%
- Oriental Bank 238 -1.2%

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