MARKET VIEW 30.09.2009

Markets surged more than one and a half percent in today’s trade to close at fresh 14 month high. Sensex scaled the 17000 mark for the first time since 23rd May 2008 and closed at 17126, gaining 274 points, while Nifty finished at 5084, up 77 points. BSE Mid-cap and Small-cap indices gained 0.9% each. In the month of September, Sensex and Nifty are up 9.3% and 9% respectively. Bankex and Metal index surged 18.1% and 14.5% respectively over the month, becoming the top gainers among the sectoral indices. European markets were up about 0.5%, lifted by strength among Pharmaceuticals and insurers. US stock indices futures were up just less than half a percent ahead of the release of latest economic reports, including a reading on employment.
Bankex and Auto index were the top gaining sectoral indices for the day, putting on 3.7% and 2.1% respectively, while FMCG and Consumer Durable indices lost 0.4% and 0.3% respectively. SBI and ICICI Bank gained the most among the Sensex stocks, rising 5% and 4.6% respectively, while ONGC and ITC lost the most, shedding 1.2% and 1% respectively

MARKET VIEW 29.09.2009

After a gap up opening, markets traded in a narrow range throughout the day and closed with a gain of nearly a percent. Sensex was up 160 points at 16852, while Nifty ended at 5007, up 48 points. BSE Mid-cap and Small-cap indices gained 0.6% and 0.9% respectively. Turnover at Rs. 65365 cr. was however nearly 21% lower than that of Friday. European markets were down about one third of a percent on the back of weakness in commodity shares. US stock indices futures too were marginally in the red.
All the sectoral indices, except BSE Realty index, which lost 0.7%, closed in green. IT and Healthcare indices gained the most, putting on 2.3% and 1.6% respectively. Sun Pharma surged 6%, becoming the top gainer among the Sensex stocks, followed by TCS, which gained 4%. SBI and Grasim lost the most, shedding 2.3% and 1.6% respectively

MARKET VIEW THIS WEEK GAINERS & LOSERS

26.09.2009
The BSE Banking Index (up 1.2%): The top gainers in the banking sector were IOB (up 6.3%), HDFC Bank (up 4.8%), Karnataka Bank (up 3.4%), Allahabad Bank (up 3.4%) and Andhra Bank (up 2.1%).
The top losers in were Canara Bank (down 4.3%), OBC (down 3.9%), ICICI Bank (down 3.8%), Union Bank of India (down 2.7%) and Yes Bank (down 2.6%).
The BSE Auto Index (down 1.2%): The top gainers in the auto space were Swaraj Mazda (up 12.8%), Ashok Leyland (up 5.4%), Maruti Suzuki (up 5%), Eicher Motors (up 3.2%) and Bajaj Auto (up 2.4%).
The top losers in were M&M (down 2.2%), Tata Motors (down 2%), Hero Honda (down 0.6%) and Hindustan Motors (down 0.4%).
The BSE Oil & Gas Index (up 1.1%): The top losers in the oil & gas space were Shiv-Vani Oil (down 9.4%), Hindustan Oil (down 5.8%), MRPL (down 4.7%), Essar Oil (down 4.7%) and Cairn India (down 2.3%).
The top gainers were BPCL (up 8.5%), IOC (up 8.3%), HPCL (up 6.3%), Reliance Industries (up 2.3%) and RPL (up 0.8%).
The BSE Capital Goods Index (down 0.9%): The top gainers in the capital goods space were Gammon India (up 11.5%), Carborundum Universal (up 10.1%), Thermax (up 6.7%), Esab India (up 2.7%) and Bharat Electronics (up 2.5%).
The top losers were Kirloskar Brothers (down 7.7%), Jyoti Structures (down 6.2%), Usha Martin (down 5.6%), Lakshmi Machine (down 3.2%) and BEML (down 2.1%).
The Cement Sector: The top gainers in the cement space were Birla Corp (up 5.7%), JK Cements (up 4.9%), Shree Cement (up 4.7%), Binani Indus (up 4.4%) and Madras Cements (up 4.2%).
The top losers were Kakatiya Cement (down 4.3%), Prism Cement (down 3.4%), Dalmia Cement (down 3.2%), ACC (down 1.4%) and Mangalam Cement (down 0.9%).
The Telecom Sector: The top gainers in the telecom sector were Shyam Telecom (up 14.5%), Gemini Comm (up 9.1%), WWIL (up 8.8%) and TTML (up 0.9%).
The top losers were Bharti Airtel (down 4.2%), RCom (down 3.6%), Himachal Futuristic (down 2.3%), MTNL (down 1.7%) and Tata Communication (down 1.2%).
The Realty Sector (0.0%): The top gainers in the Real Estate space were Mahindra Lifespace (up 5.2%), Parsvnath (up 4.8%), Akruti City (up 3.8%), Sobha Developers (up 2.8%) and Omaxe (up 1.8%).
The top losers were HDIL (down 2.7%), Unitech (down 0.6%) and Anant Raj Indus (down 0.5%).
The Metals sector (down 4%): The top losers in the metals space were Lloyds Metals (down 6.3%), SAIL (down 4.9%), Adhunik Metaliks (down 4.3%) and Tata Steel (down 4.3%).
The top gainers were Tata Sponge (up 8.7%), JSW Steel (up 1.1%) and Sunflag Iron (up 0.8%).

THIS WEEK MARKET 26.09.2009

I FLY VERY HIGH MADE HIGH
The Nifty and Sensex both ended the week down 0.3%managed to close at 4,959 and 16,693 respectively.
The BSE Sensex hit an intra-week high of 16,943 and low of 16,494 while, NSE Nifty hit an intra-week high of 5,036 and low of 4,904.
The Foreign Institutional Funds purchased Rs78.7bn during the week. On the other hand, the Domestic Institutional Funds were net sellers to the tune of Rs4.96bn during the week.
The top gainers: The top gainers in the Sensex were Ranbaxy Labs (up 16.7%), HDFC (up 7.3%), Maruti Suzuki (up 5%), HDFC Bank (up 4.8%) and Cipla (up 3.1%).
The Top Losers: The top losers in the Sensex were Hindalco (down 7.1%), Infosys (down 5.1%), Tata Steel (down 4.3%), Bharti Airtel (down 4.2%) and ICICI Bank (down 3.8%).
The BSE IT Index (down 3.1%): The top losers in the IT sector were Patni Computer (down 7.7%), Infosys Tech (down 5.1%), Financial Tech (down 3.6%), Sasken Communication (down 3%) and HCL Tech (down 2.1%).
The BSE Consumer Index: The top gainers in the consumer durables space were Videocon Industries (up 3.8%), Mirc Electronics (up 1.1%) and Su-Raj Diamonds (up 0.4%). The top losers were Titan Inds (down 3.2%) and Blue Star (down 0.2%).
The BSE Healthcare Index (up 7.4%): The top gainer in Pharma space was Dr Reddy's Labs. The stock surged over 18% during the week. Piramal Healthcare also surged over 14% during the week. According to reports, GlaxoSmithKline Plc is looking for the acquisition of Piramal Healthcare or Dr Reddy’s Labs. Torrent Pharma (up 14.3%), and Natco Pharma (up 13.9%) were among the other major gainers.

MARKET OUTLOOK 23.09.2009

Indian markets took a pause for the first time in the last 12 trading sessions with the NSE Nifty closing below the 5,000 mark. It was an absolute lackluster day of trades as key indices continued to struggle for any specific direction. Market players were in a limbo on account of mixed global cues, uncertain external environment and F&O expiry. Traders also seemed to be
waiting for the Fed policymakers’ verdict. The late slide was led by the Realty, Telecom and the IT stocks. Even the Mid-Cap and the Small-Cap stocks weren’t spared. The BSE Sensex fell 166 points or 1% at 16,719 after touching a high of 16,905 and a low of 16,838. The index opened at 16,905 against the previous close of 16,886. NSE Nifty slipped 50 points to shut shop at 4,969.
The markets breadth was negative. Out of 2,864 stocks traded, 1,001 advanced and 1,784 declined.
INDEX MOVERS...HDFC Bank surged 1.455% to Rs 1,560, Sterlite gained 1.09% to Rs 769 and Sun Pharma rose 0.58% to Rs 1,212....AND SHAKERS Jai Prakash Associates sunk 6.34% to Rs 235, Bharti Airtel dropped 3.43% to Rs 414 and RCom declined 2.9% to Rs 308. Mahindra, Hindustan Unilever and Rel Infra lost between 1 and 2 per cent each.
Market outlook: Below 4960 Nifty may slide to 4910, 4840. If it cross 5000 may touch 5040, 5085 levels.

MARKET OUTLOOK 22.09.2009

Indian markets extended its winning streak to 12th straight trading session on
Tuesday. It was another momentous day as the NSE Nifty closed above the
5,000 mark for the first time since May 22, 2008. After starting off on a
cautious note, markets gained momentum defying weak cues from the Asian
markets. The upswing was led by the Auto, Realty and the FMCG stocks. Even Mid-Cap and the Small-Cap stocks were in demand. However, towards fag end oil & gas stocks like Reliance Industries, ONGC and Gail India turned out be party poopers as the stocks witnessed some offloading
The Sensex today opened up 64 points at 16,805. The index slipped to a low of 16,764, but soon firmed up and moved to higher levels. Select short covering towards the end, saw the index soar 195 points to a high of 16,943. The Sensex finally ended with a gain of 145 points at 16,886.
The Nifty opened at 4,977 but managed to cross the 5,00 level and stayed there for most part of the day. The index touched a high of 5,036 and finally ended at 5,020.
The markets breadth was positive. Out of 2,862 stocks traded 1,608 advanced while 1,172
declined.

OUT LOOKfor next : Nifty may face resistance at 5050, 5070, 5100 5150, 5200.and take support at 4970,4930,4870,4850 4830 4780. Trade with caution, Put stoploss for every trade. Market may take correction sharply in next 2days.

NOTE : HOLIDAY ON MONDAY

Market segment will remain closed for trading on September 21, 2009 on account of RAMZAN. MCX evening session open 5:00 to 11:30

MARKET ENDED FLAT.....18.09.2009

KS OIL ++++++CLASSIC DIMOND++++++MIRZA INTERNATIONAL++++++++++FREEZE
Sensex ends flat amid volatility
Overlooking favorable cues from the global markets, the Sensex opened with a marginal positive gap of 9.34 points at 16,686.38. Subsequently, the gauge touched a 16-month high of 16,820.02 due to buying support in the IT, Auto and Banking stocks. However, in the early afternoon deals, the gauge soon pared all its gains and slipped in to the red zone as higher than expected inflation figure weighed on investors’ sentiments. The market, nevertheless, recovered due to bargain-hunting at lower levels. The bourse gained further ground in the last session of trade helped by positive European markets. The Sensex finally ended the choppy session flat with a
marginal gain of 34.07 points or 0.20%, at 16,711.11.
The Nifty closed the day above the 4,900 mark with a gain of 7.15 points or
0.14%, at 4,965.55.
Negative Market Breadth
Market breadth was negative with an advance-decline ratio of 0.78:1 on the
BSE. Out of the 2,888 stocks traded, 1,223 advanced, 1,574 declined, and
91 remain unchanged.
IT surges, Oil & Gas Plunges
IT led the gainers’ list as it rose 1.91% on reports of impressive economic
data from the US. Auto advanced 1.46% on hopes of strong sales in the
upcoming festive season. Among other gainers, Banking, Consumer
Durable and Capital Goods gained 0.78%, 0.66%, and 0.55%, respectively.
On the other hand, Oil and Gas slipped 2.86%, while Realty slipped 0.91%
on profit-booking. Among other laggards, Metal, Power, and FMCG fell by
close to 0.25% each, while Pharma declined 0.14%.
US markets decline and European markets advance US stocks slipped after a three-day run-up on concern that recent gains were overextended despite the latest round of solid economic data.
European shares advanced for a second straight session, powered by
energy and financial stocks, on expectations the global economy was
on a recovery path

MARKETVIEW 17 SEPTEMBET 2009

KFA >>>>>>>>>>>>ZOOMED

NIFTY TOUCHED 5000
Markets witnessed sharp profit booking from higher levels led by Reliance and closed absolutely flat. Nifty after crossing 5000 mark in the first half of the trade, closed at 4965, up 7 points, while Sensex gained 34 points to finish at 16711. Indian markets underperformed all other Asian markets in today’s trade. Reliance Ind. slumped 4.5% to close at Rs. 2086 after its subsidiary firm sold 1.05 cr. shares in a block deal at an average price of Rs. 2125 per share. Inflation for the weekend September 5th came in at 0.12% as against -0.12% for the previous week. European markets were trading higher by nearly 0.5%, led by strength in banks and commodity stocks. US stock indices futures were marginally in the green ahead of the Housing Starts and Jobless Claims data.
BSE Oil & Gas was the top loser among the sectoral indices, shedding 2.9%, followed by Realty index, which lost 0.9%. Teck and IT indices gained 1.9% each. Reliance was the worst performer among the Sensex stocks, plunging 4.4%, followed by Tata Steel, which lost 2%. ACC and Hindalco were the top gainers, putting on 3.6% each

THURSDAY MORNING WE CAN EXPECT

AFTEK IND , INDIAN HOTEL , ORCHID CHEM & ROYAL ORCHID TO FIREEEEEEEEEEEE TOMMORO MORNING

TODAYS MARKET 16.09.2009

Markets continued with the upward momentum and gained nearly 1.5% in today’s trade to close at the highest level since 22nd May 2008. Sensex gained 222 points to close at 16677, while Nifty finished at 4958, up 66 points. BSE Mid-cap and Small-cap indices gained 1.4% and 1.1% respectively. Rupee was trading at 48.32 against the dollar, appreciating 33 paise compared to yesterday. European markets were up more than a percent, boosted by stronger banking and commodity stocks. US stock indices futures too were higher by one third of a percent.
All the BSE sectoral indices closed in green. Metal index surged 4.2%, gaining the most, followed by Auto index, which gained 2.2%. Tata Steel and Tata Motors sprinted 8.2% and 6.2% respectively, becoming the top gainers among the Sensex stocks, while HUL and Wipro lost 0.9% and 0.7% respectively. . Turnover at Rs. 96190 cr. was nearly 7% higher than that of yesterday

market view this morning 15 sep2009

The Indian equity markets ended in the red for the first time in six trading sessions on Monday. After, 850 points or 5% rally the BSE Sensex was unable to carry on the momentum further as
alternate bouts of buying and selling kept the benchmark indices in a narrow range. Although, stock specific action was witnessed, stocks like Spice Tele and Bharat Forger were among the top
gainers while Apollo Hospital and GVK Power heavily offloaded.
The Sensex opened 79 points lower after Asian markets opened weak in morning trades. The
index then plunged further to touch a low of 16,120, down 144 points. The Sensex traded in the negative zone entire day. The BSE-30 share index tried to recover during final trading hour,
however, could not succeed. It touched an intraday high of 16,252, still down 12 points from the previous close. The market breadth was marginally positive - out of 2,855 stocks, 1,473
advanced, while 1,309 declined. The Nifty managed to hold the 4800 mark for the fifth day in a row, after hovering around the same level.
OUTLOOK: trading range 4780-4850 fut.... these will be breakout levels.
Trade long if markets breakout and sustain above 4850 fut. Target 4890-4950 fut.

MARKET OUTLOOK 14 SEP 2009

>>>>ROCKED TODAY
After closing in green for 6-consecutive trading sessions, markets closed in red, though marginally, in today’s trade. Sensex lost 50 points to close at 16214, while Nifty shut shop at 4808, down 21 points. BSE Mid-cap and Small-cap stocks, however, outperformed the benchmark indices after a long time and closed with gains of 0.2% and 0.5% respectively. However, most other Asian markets closed with higher losses. European markets were down about 1%, with banks and commodity stocks leading the fallers. US stock indices futures too were lower by nearly two third of a percent.
Among the BSE sectoral indices, Consumer Durable and Realty indices were down the most, losing 1.1% and 0.8% respectively, while Auto and PSU indices gained the most, putting on 1% and 0.9% respectively. Sterlite Ind. and Hindalco were the top losers among the Sensex stocks, shedding 3.6% and 2.5% respectively, while Tata Steel and Tata Motors added 2.1% and 2% respectively

TODAYS MARKET VIEW 14 SEPTEMBER 2009

Indian industrial output grew for a seventh month in July,
adding to signs of economic upturn and the case for an
interest rate rise early in 2010, although weak exports and a
poor monsoon remained risks to growth.
Industrial output rose 6.8 percent in July from a year earlier;
June's annual growth was revised up to 8.2 percent from 7.8 percent, a 16-month high, Friday's data showed, riding on higher demand for goods such as cars and higher mining activity. Manufacturing production in Asia's third-largest economy rose 6.8 percent in July from a year earlier. U.S. markets were ended flat on Friday, after a five-day winning streak on a drop in crude oil prices but posted gains for the week. The Dow Jones was down 22 points, or 0.23% to 9,601. The Standard & Poor's 500 Index shed 1.41 points, or 0.14%, at 1,042.73. The Nasdaq Composite Index fell 3.12 points, or 0.15 percent, to 2,081.For the week, the Dow gained 1.7%, the S&P was up 2.6%, and the Nasdaq advanced 3.1%.Infosys was down 0.91% to 446.78. Genpact has declined 1.56% to $12. Sterlite and Patni Computers shed nearly 3% each to $15.23 and $16.43, respectively. Mahindra Satyam has declined over 2% to $6.48. Tata Motors have shed nearly over 3% to $12.67.IBM, HDFC Bank, Tata Communications and MTNL were marginal gainers

MARKET VIEW 11.09.2009

After a volatile trade, Markets managed to close in green on the back of last hour recovery. Sensex gained 47 points to close at 16264, while Nifty added 10 points to finish at 4829. BSE Mid-cap and Small-cap indices continued to under perform by losing 0.1% and 0.4% respectively. Index of Industrial Production (IIP) for the month of July showed a growth of 6.8% as against 8.2% (revised figure) in the previous month and 6.4% in the same period of last year. On weekly basis, Sensex and Nifty have gained 3.7% and 3.2% respectively. Among the sectoral indices, Metal index and Bankex were the top gainers, putting on 7.7% and 6.7% respectively over the week, while FMCG and Realty indices lost 3% and 1.2% respectively. European markets were up nearly three fourth of a percent, with financial shares extending recent gains and miners rising on global economic recovery hopes. US stock indices futures were flat.
BSE Consumer Durable and PSU indices were the top gainers among the sectoral indices for the day, rising 1.8% and 1.5% respectively. Realty and FMCG indices lost the most, shedding 1.6% and 1.2% respectively. Hindalco surged 6%, becoming the top gainer among the Sensex stocks, followed by ICICI Bank, which gained 2.5%. Sterlite Ind. and DLF lost 2.7% and 2.5% respectively. BSE advance-decline ratio stood at 1:1.6.

market view 09.09.2009

The NSE Nifty managed to hold on to the 4800 levels for the second
straight trading session on Wednesday. Yet again it was index heavyweight Reliance Industries which provided the required support for the markets. The Key benchmark indices have now extended gains for fourth straight trading session. The Oil & Gas, Bankex, and select Pharma stocks were among the major gainers.
On the other hand, the Realty, Teck and the Auto stocks were under pressure. The BSE Sensex gained 59 points or 0.4% at 16,183 after touching a high of 16,111 and a low of 16,044. The index opened at 16,111 against the previous close of 16,124.
The NSE Nifty surged 11 points to shut shop at 4,817.
INDEX MOVERS... Sensex heavyweight, Reliance, surged 4.5% to Rs 2,172. Metal major Hindalco touched a new high and finally ended up 4% at Rs 120. Jaiprakash Associates added 2% to Rs 238. TCS and Sterlite advanced 1.5% each to Rs 562 and Rs 750. HDFC, HDFC Bank and Tata Power also advanced around 1% each.
...AND SHAKERS
DLF and Bharti Airtel shed 3.5% each to Rs 420 and Rs 410, respectively.Hero Honda slipped 2.5% to Rs 1,628. Wipro and Reliance Communications dropped 1.5% each.
VALUE & VOLUME TOPPERS...
Reliance topped the value chart with a turnover of Rs 1,672 crore. It was followed by DLF (Rs 858 crore), Unitech (Rs 733 crore) and ICICI Bank (Rs 468 crore).
The combined volume chart was topped by IFCI with trades of over 123 million shares, followed by Unitech (64.86 million), NHPC (50.05 million), GVK Power & Infrastructure (43.93 million) and Ispat Industries (41.93 million).

MARKET VIEW 08.09.2009

Indian markets extended its winning streak for third straight trading session with the NSE Nifty ending above the 4,800 levels. Even the BSE Sensex ended above the 16,100 levels.
The rally was led by the metals stocks, heavyweights like Tata Steel, Sterlite Industries and Hindalco. Even the Banking stocks like ICICI Bank and SBI were in demand. Technically, the BSE Bankex index has broken above its trading range after consolidating for almost four months. The index has gained ~300 points or 3.5% in the last couple of days. Cues from the international markets were also positive. The Hang Seng and the Shanghai Composite ended with smart gains even the European markets were trading with healthy gains. Finally, the BSE Sensex surged 107 points or 0.7% at 16,123 after touching a high of 16,232 and a low of 16,030. The index opened at 16,030 against the previous close of 16,016.
The NSE Nifty surged 22 points to shut shop at 4,805.
The market breadth was marginally negative. Out of 2,889 shares traded, 1,362 advanced, 1,461 declined and 66 were unchanged.

MARKET VIEW 07.09.2009

It was a great start to the week as markets closed at a 15 month high supported by positive global cues. SENSEX gained 327 points close at 16016, while Nifty ended at 4782, up 102 points. BSE Mid-cap and Small-cap indices gained 2.3% and 2.8% respectively. Indian markets gained the most among all the Asian markets in today’s trade. European markets were up nearly 1.5%, boosted by improved investor sentiment on news of a $16.7 billion bid for Cadbury from US based Kraft Foods. US markets are shut today on account of Labor Day holiday.
Except BSE FMCG index, which lost 0.08% in today’s trade, all other sectoral indices closed in green. Realty index was the top gainer, putting on 5.5%, followed by Metal index, which gained 4%. Tata Motor surged 11.3%, becoming the top gainer among the Sensex stocks, followed by Reliance Communication, which gained 6.6%. ITC and M & M were the only losers among the Sensex stocks, shedding 0.9% and 0.5% respectively. BSE advance-decline ratio stood at 3.8:1.

WEEKLY MARKET VIEW

A China meltdown triggered a weak start to the global markets including India. For most part of the week, barring Friday, Sensex and Nifty struggled to find any direction. Disappointing reports on manufacturing PMI and exports also dampened sentiment on Dalal Street. Finally, the BSE 30-share Sensex closed lower by 1.5% and NSE Nifty was down by 1.1%
The BSE Sensex hit an intra-week high of 15,740.8 and low of 15,356.7, while, NSE Nifty hit an intra-week high of 4,735.9 and low of 4,576.6.
The Foreign Institutional Funds purchased Rs14.73bn during the week. While the Domestic Institutional Funds were net buyers to the tune of Rs900mn during the week.
The top gainers: The top gainers in the Sensex were Maruti Suzuki (up 8.8%), Hero Honda (up 6.9%), Hindustan Unilever (up 4.9%), Reliance Capital (up 3.7%) and Tata Motors (up 3.6%).
The Top Losers: The top losers in the Sensex were Bharti Airtel (down 6.9%), BHEL (down 5.1%), Reliance Industries (down 4.5%), Ranbaxy Labs (down 3.8%) and Tata Power (down 3.7%).
The BSE IT Index (up 0.1%): The top gainer in the IT sector was Mphasis. The stock surged 9.2% during the week. The company partnered with Ingres Corporation to offer combined Open Source Solutions. Among the other major gainers were Sasken Communication (up 6.9%), Mahindra Satyam (up 5.5%), Oracle Financial (up 3.6%) and Infosys (up 0.5%). The top losers were Financial Tech (down 5.1%), TCS (down 1.6%) and HCL Tech (down 0.5%). Wipro fell 2.2% during the week. Wipro has won a number of new deals from BPO, Fosters, GE, Unitech Wireless, Lavasa etc. These deals address investor concerns on revenues from technology and telecom divisions. We expect Wipro to trade on a par with Infosys, implying a further 5-10% outperformance.
The BSE Consumer Index: The top losers in the consumer durables space were Mirc Electronics (down 6.5%), Whirlpool (down 2.7%) and Titan (down 0.1%). On the other hand, the top gainers were Su-Raj Diamonds (up 1.2%).
The Realty Sector (up 0.2%): The top losers in the real estate were Anant Raj Indus (down 9.2%), Omaxe (down 6.6%), HDIL (down 5.7%), Sobha Developers (down 5.5%) and Mahindra Lifespace (down 4.4%). The top gainers were Akruti City (up 10.3%), Unitech (up 7.8%) and Peninsula Land gained by 2.4% during the week. RBI approved fresh FII buying in the company of up to 40%.

WEEKLY CLOSING 04.09.2009

MARKETS WEEKLY CLOSING:

SENSEX:15689 -233 (-1.46%)

NIFTY: 4680 -52 (1.10%)

MIDCAP: 6114 +4 (0.07%)

BANK NIFTY: 7444 -38 (-0.51%)

marker view 04september 2009

The BSE Sensex fell 0.45 percent on Thursday to its lowest close in two weeks as worries about the impact of a weak monsoon on the economy and jitters about the sustainability of a global recovery kept investors cautious.The main index fell for the fourth straight session, its longest losing run since mid-July, led by energy giant Reliance Industries, top telecoms firm Bharti Airtel and engineering and construction firm Larsen & Toubro.Reliance, which has the most weight in the main index, fell 2 percent to 1,932.10 rupees, and Larsen dropped 1.1 percent to 1,516 rupees.Bharti, which is in exclusive merger talks with South Africa's MTN, eased 1.8 percent to 405.35 rupees. The market breadth is positive - out of 2,807 stocks, 1,506 have advanced and 1,215 have declined.
Reliance Communications bucked the trend and rose 5.3 percent to 290.70 rupees, its highest close in two months. It had gained 4.6 percent on Wednesday after the No. 2 mobile operator
said it had repaid early more than $1 billion of loans, about one-fifth of its outstanding loans, and could repay more debt ahead of schedule.
OUTLOOK: markets close below 4600 in last 15 minutes of trade. Note that the low of 4580 fut is still holding (low of 2nd SEP; gap down opening). Holding this can see positive upside tomorrow. Key resistance remains at 4650-4660 fut.
Intraday trading strategy:
Trade long if markets cross and sustain above 4600 fut. Keep SL slightly below 4580. TGT 4650-4700 fut.
Trade short if markets fail to recover above 4600. TGT 4560-4500 fut.

RTODAYS MARKET ZOOM SMARTLY

Markets snapped the four-day losing streak and closed with nearly 2% gains on the last trading day of the week. Sensex gained 290 points to close at 15689, while Nifty finished at 4680, up 87 points. Today was the day of large-caps as depicted by performance of Mid-cap and Small-cap indices, which gained 1.1% each. On weekly basis Sensex and Nifty are down 1.5% and 1.1% respectively. BSE Auto index surged 4.5% over the week, becoming the top gainer among the sectoral indices, followed by Realty index, which gained 0.2%. Capital Goods index and Power indices lost the most, shedding 2.6% and 2.3% respectively. European markets were up about 1%, while US stock indices futures were up nearly 0.5%, ahead of eagerly awaited monthly US jobs data and unemployment rate.
All the BSE sectoral indices finished in green for the day. Auto and Metal indices were the top gainers, putting on 2.9% and 2.8% respectively. M & M gained the most among the Sensex stocks, climbing 6.2%, followed by Hero Honda, which gained 4.2%. Tata Motors and TCS were the only losers, down 0.3% and 0.2% respectively. BSE advance-decline ratio stood at 1.4:1.

TRIBUTE TO GREAT LEADER

LETS PRAY TRIBUTE TO THE GREAT LEADER.>> DR Y.S.RAJASHEKAR REDDY AMAR RAHE C.M ANDHRAPARDESH

MARKET VIEW 03.09.2009

A.P CM DIES IN COPTER CRASH
Weakness in heavyweights made the market close in the red for the fourth consecutive day. Sensex lost 69 points to close at 15398, while Nifty ended at 4593, down 15 points. BSE Mid-cap and Small-cap indices however, managed to close in green, putting on 0.2% and 0.7% respectively. Inflation for the week ended August 22nd came in at –0.21% as against –0.95% for the previous week. European markets were trading flat, while US stock indices futures were up by nearly one third of a percent.
BSE Oil & Gas index was the top loser among sectoral indices, shedding 1.1%, followed by Healthcare index, which lost 0.7%. Consumer Durable and Metal indices gained the most, up 0.8% and 0.6% respectively. Reliance Communication surged 5.3%, becoming the top gainer among Sensex stocks, followed by Sterlite, which gained 1.6%. Reliance and M & M were the top losers among the Sensex stocks, down 2% each. BSE advance-decline ratio stood at 1:1.

MARKET VIEW2 september 2009

The Sensex opened 24 points higher at 15,691. Despite yesterday's fallthe index today exhibited strength in the morning trades owing to firm cues from the Asian markets and the good monthly car sales numbers.
The BSE benchmark index surged to a high of 15,923, up 256 points. However, the index slipped into the negative terrain on the back of sudden selling in the realty, metal and power stocks. The index slipped to a low of 15,475, down 448 points from the days high. The Sensex finally ended at 15,551, down 115 points. The NSE Nifty finally settled at 4,625, down 37 points. The index touched a high of 4,736, before tumbling to a low of 4,600.
The market breadth was negative. Out of 2,870 shares traded, 1,150 advanced and 1,656 declined on the BSE today.
REVIEW: markets correct but hold crucial supports.
OUTLOOK: markets cross 4730 fut but fail to sustain...intraday selloff sees test of 4600 fut. Both these levels are crucial levels.
Trading strategy: intraday only. Trade long if markets cross and sustain above 4730 fut. Keep SL slightly below 4700. Strong resistance at 4800

MARKET TODAY 01.09.2009

TODAY SEEN AFTER 01.00PM

BUT TATA MOTORS++++++++++++++++

Domestic market pared all its initial gains to close the day on downbeat note on sustained selling pressure witnessed in key stocks. Market turned southward and continued to extend losses tracking lower European markets along with weak US index futures that led selling pressure in the domestic bourses. However, market was firm during the early trading as the Asian stocks were higher on strong Chinese manufacturing sector data. The China's Purchasing Managers' Index increased to a seasonally adjusted 54 in August from 53.3 in July. Meanwhile, India's exports dropped by 28.4 per cent in July as against the same month last year. The BSE Sensex ended below 15,600 level and NSE Nifty closed below 4,650 mark. The market today opened significantly higher along with other Asian markets. Moreover, the US stock markets closed lower on Monday due to sustained selling pressure led by Chinese market that plunged yesterday on worries about the impact of fragile bank lending on the economy. Further, Indian benchmark indices continued to trade in positive terrain till mid session on significant buying emerged across the board. However, market was unable to hold the momentum and gave up all gains in line with unfavorable European stocks. Profit booking at higher level forced market to extend last session's weakness and close with losses. From the sectoral front, most of the selling was witnessed in Realty, Metal, Power, Capital Goods, Pharma and PSU stocks. BSE Midcap and Smallcap stocks also remained out of favour. However, Auto and IT stocks were unable to gain favour from the market.