Showing posts with label Equity Tips. Show all posts
Showing posts with label Equity Tips. Show all posts

Monday 1 September 2014

INDIAN BENCHMARKS surges…Nifty past 8,000 to record high

INDIAN EQUITY BENCHMARKS surged with nifty past the psychologically important 8,000 level for the first time gained after better-than-expected quarterly GDP data.

•    Voltas gained 2 percent as Bank of America Merrill Lynch reiterates buy rating on the stock with an increased target price of Rs 305 per share.

•    Further, Bharti Airtel climbed 1.7 percent after Airtel Network Kenya has acquired 2.7 million subscribers of Essar telecommunications Kenya.


The crucial resistance for Nifty is now seen at 8035 and above this 8070. Support for the immediate term is now placed at 7980 and next support will be 7920.

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Tuesday 26 August 2014

MORNING MAIL 27 August 2014


INDIAN BENCHMARK open on a bullish note tracking a firm trend across markets in Asia after reports from US indicated that the world’s largest economy is strengthening.

FURTHER, Shares of defence equipment makers rose after the government notifies increase in FDI limit to 49% through approval route in the defence sector. ONGC rose over 2%, on hopes of reforms on subsidies and gas prices ahead of ONGC's share sale.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 259cr, as per the provisional figures released by the NSE.

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Thursday 21 August 2014

INDIAN BENCHMARKS closes marginally higher… PSU banks gains


INDIAN EQUITY BENCHMARKS 
ended marginally higher led by gains in bank shares after Finance Minister Arun Jaitley today said that the government was working towards bringing in more professionalism in the functioning of banks and improving risk management, amid the backdrop of the recent scams in some public sector banks.


·         Shares of Dr. Reddy's Laboratories ended lower by 1.5% after report stated that the company was in talks with a US regulator over allegations it violated packaging rules for some prescription drugs sold there between 2008 and 2012.

·         Further, Zee Entertainment rose over a percent as it is all set to replace United Spirits in CNX Nifty with effect from the September 19.

The crucial resistance for Nifty is now seen at 7920 and above this 7945. Support for the immediate term is now placed at 7855 and next support will be 7780.

Wednesday 20 August 2014

Morning Mail Upadate 21 August 2014


INDIAN BENCHMARK open on a flat note tracking a mostly weak trend across markets in Asia as a sharp slowdown in China’s manufacturing underscored concerns over the health of the world’s second biggest economy, overshadowing Federal Reserve’s commitment to continue to keep interest rates low.

FURTHER, DLF Ltd is planning to reduce debt to Rs 12,000-14,000 crore by FY17 through asset monetization. Reliance Infrastructure has filed an appeal in the Appellate Tribunal for Electricity against the Maharashtra Electricity Regulatory Commission pleading a stay on its recent order in change-over and switchover of its consumers to Tata Power in the Mumbai distribution area.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net sellers of Rs. 481cr, as per the provisional figures released by the NSE.



Monday 18 August 2014

INDIAN BENCHMARKS end at record closing high


INDIAN EQUITY BENCHMARKS ended at fresh life time high on positive global cues and a sharp decline in crude oil prices.

·         Tata Motors DVR jumped 5.6 percent after a report in the Times of India newspaper that Indian exchanges may consider admitting such shares on their benchmark indexes.

·         Further, Jubilant Foodworks gained 6.2 percent after Bank of America Merrill Lynch started coverage with a buy rating and a target price of 1,375 rupees, saying the company is in a "sweet spot" in the large and high-growth quick service restaurants market.

The crucial resistance for Nifty is now seen at 7910 and above this 7945. Support for the immediate term is now placed at 7780 and next support will be 7740.

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Tuesday 12 August 2014

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Tuesday 8 July 2014

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INDIAN BENCHMARKS record highest percentage fall in a day since Jan '14

INDIAN EQUITY BENCHMARKS slumped, recording their largest drop in percentage terms since January 27, 2014, as investors turned cautious and booked profits ahead of the Budget session on Thursday.

Further, Shares of Aban Offshore surge as much as 9.8 percent, their highest level since May 14, 2010, on hopes the country's largest offshore drilling company may enjoy higher rig rates in the coming quarters. ONGC has okayed an expenditure sanction of an additional Rs 3,085.54 crore for hiring of five more offshore jack-up rigs for a period of three years.

The crucial resistance for Nifty is now seen at 7755 and above this 7820.Support for the immediate term is now placed at 7595 and next support will be 7540.
 
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Monday 7 July 2014

INDIAN BENCHMARKS end at record all time highs… IT shares up 2.44%



INDIAN EQUITY BENCHMARKS ended on positive territory in the anticipation of a growth-oriented Budget. Both domestic and foreign investors are closely eyeing the Rail Budget and the Union Budget as these two parameters are expected to decide the future course of Indian markets.

Further, IDFC has surged over 7% on back of heavy volumes after Morgan Stanley raises its price target for the company to Rs 175 from Rs 115. NMDC Ltd may spend nearly AUD 12.1 million to subscribe a rights issue planned by its Australian arm Legacy Iron Ore Ltd.

The crucial resistance for Nifty is now seen at 7795 and above this 7820.Support for the immediate term is now placed at 7755 and next support will be 7660.


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Tuesday 24 June 2014

INDIAN BENCHMARK started on a very quiet note

INDIAN BENCHMARK started on a very quiet note with the benchmark indices hovering around yesterday's close.

FURTHER, HDFC Bank seeks shareholder approval in order to raise Rs 10,000 crore in the AGM meet to be held later during the day. Reliance Communication plans to raise Rs 4,300 crore by way of a qualified institutional placement of shares and a preferential offer to promoters.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 216cr, as per the provisional figures released by the NSE.