STOCKS


Vidur Pendharkar 21 July 2012
Unless and until the 5,350-5,400 point’s area is taken out there is no cause for bullishness. Sell in rallies and stay away if you are only inclined to the bullish side  S&P Nifty close: 5,205     Market Trend   Short Term: Sideways              Medium Term: Down  ...

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Moneylife Digital Team 20 July 2012
The Nifty has to break the range of 5,190 and 5,340 for a reversal   The market settled lower with the banking sector as the top loser following a RBI panel suggesting stricter regulations on loan restructuring. Political drama at the Centre also weighed on market sentiments. Today, on...

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The Cabinet Committee on Economic Affairs, which met on Thursday, approved the disinvestment of 10.82% equity of SAIL out of the government shareholding of 85.82%    New Delhi: The government has approved disinvestment of 10.82% stake in Steel Authority of India (SAIL) through auction...

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Moneylife Digital Team 19 July 2012
Nifty has to break the range of 5,190 and 5,340 for a trend change. It may take a while Positive global cues and across-the-board buying helped the benchmarks settle higher for the second day. Today the Nifty moved in a narrow range of 5,233 and 5,258. Yesterday we had that the gains...

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Moneylife Digital Team 19 July 2012
Siyaram Silk Mills Ltd (SSML) is currently trading on the Bombay Stock Exchange (BSE) at around Rs269, far from its 52-week high of Rs463.70, on 14 June 2011. After touching a 52-week low of Rs223.70 on 9 January 2012, the share has recovered to its current market price.    SSML...

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Moneylife Digital Team 19 July 2012
Rane (Madras) Limited (RML) is a rising share on the Bombay Stock Exchange (BSE). It is currently trading at around Rs157 and has improved from a 52-week low of Rs90.35 on 30 December 2011. Its 52-week high was at Rs164.70 on 20 April 2012.    RML is a leading auto components...

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Moneylife Digital Team 18 July 2012
As suggested yesterday, Nifty did get a support near 5,160 and a small rally ensued, but the gains may not be sustained   Yesterday we had mentioned that the Nifty will enjoy a small rally but is headed down towards its first support at 5,160 and then at 5,075. Today the index...

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Moneylife Digital Team 17 July 2012
The Nifty is headed down and find its first support at 5,160 and then at 5,075. However, there will intermittent rallies. For a trend reversal, the Nifty must close above previous day’s high   The market, which was in the positive till the post-noon session, pared all its gains in late...

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Moneylife Digital Team 16 July 2012
If the Nifty manages to close above any previous day’s high, the downtrend may reverse   The volatile market pared its gains in the second half of trade on selling pressure in IT and metal stocks and settled lower for the fourth day in a row. Today the Nifty fell to a low of 5,190 and...

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MDT/PTI 16 July 2012
Under the investment scheme, 50% tax deduction would be allowed to retail investors with annual income less than Rs10 lakh, for investment up to Rs50,000, with a lock-in period of 3 years.   New Delhi: The Finance Ministry is likely to come out with details of the Rajiv Gandhi Equity...

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MDT/PTI 16 July 2012
The hefty FII inflows have not resulted into a upward movement in the broader market with the Sensex down about 200 points, or 1.2% so far in the month   New Delhi: The investment by overseas investors into Indian stock market since the beginning of 2012 is set to cross the $10...

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Moneylife Digital Team 14 July 2012
Weak trend may persist unless the Nifty manages to close above 5,348 The market snapped its five week gaining streak to finish the week lower on a mixed set of corporate results and slowing industrial growth. Global growth concerns also weighed on investors. The market will now focus on...

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Vidur Pendharkar 14 July 2012
The bulls should keep the last week’s low as a stop loss on longs and keep on booking profits in rallies close to the recent highs or around 5,400 S&P Nifty close: 5,227 Market Trend   Short Term: Up                 Medium Term: Down                     Long Term: Down

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Moneylife Digital Team 13 July 2012
If the Nifty closes above today’s high then we may see some sideways movement     The market which was in the positive till around 2.00pm, slipped into the negative in the second half of trade and settled in the red for the third day. Yesterday we had mentioned that if the Nifty...

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Moneylife Digital Team 13 July 2012
HDFC Bank’s net interest margins remained stable during the June quarter, at only 4.3%, underscoring the challenging times ahead for banking industry HDFC Bank's net profit for Q1 ended 30 June 2012 was Rs1,417.40 crore, 30.6% over the corresponding period last year. Its net interest...

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The Nifty Options would add to SGX's suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants Singapore: The Singapore Exchange (SGX) on Friday said it will offer Nifty Options contracts from 16th July under...

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Moneylife Digital Team 12 July 2012
If the Nifty goes below 5,190 we may see a serious downturn setting in The subdued dollar guidance by IT giant Infosys dragged the market lower with the IT sector ending as the top sectoral loser. Yesterday we mentioned that the benchmarks will soon break out of the range. Today the...

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Moneylife Digital Team 12 July 2012
Atul Auto skyrocketed 15%, V-Guard Industries surged 12%, while Kennametal India declined 4%   Gainers: Atul Auto Ltd, a niche automobile manufacturer of three-wheelers, hit its 52-week high of Rs179 on 12 June 2012. The scrip skyrocketed 15%. V-Guard Industries, an electrical and...

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Moneylife Digital Team 12 July 2012
Hindustan Unilever advanced 7%, ITC rose 5%, while MRF tanked 4%   Gainers: Hindustan Unilever, a leading fast moving consumer goods (FMCG) company, went up 7%. ITC Ltd, another FMCG company, hiked price of its Sunfeast range of biscuits by 10%. The scrip was up 5%. Ultratech Cement...

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Moneylife Digital Team 12 July 2012
What do we think about these popular picks? As usual, we don’t find too many of them worth investing in at the current prices. We have a couple of scrips of the Tata group of companies in the list of which Tata Consultancy Services is the crown jewel. It is India’s largest software company...

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