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December 02nd, 2009
17,169.91 -28.36 5,123.25 +1.25 +0.02%
BSE LIVE
-0.16% NSE
It was a flat day of trade as the market consolidated in a tight range, saw some profit booking and closed marginally in the negative. Sensex shut shop at 17169, down 28 points and Nifty at 5123, up 1 point from the previous close. CNX Midcap index was up 0.54% and BSE Smallcap index was up 0.79%. The market breadth was positive with advances at 692 against 4:01 PM||It w as a
declines of 571 on the NSE. Buy Bajaj Auto with a target of Rs 1825-1850, says Akshata Deshmukh of Networth Stock Broking on NDTV 3:51 PM||Hold
Profit. The stock is currently trading at Rs 1692, up 3.2% on BSE
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Buy IDBI Bank with a target of Rs 148, says Gautam Vora of ULJK Securities on CNBC TV18. The stock is currently trading at Rs 130, up 4.4% on BSEBuy Ipca Labs with a 6-month target of Rs 1085, says Sapna Jhavar of Sharekhan on CNBC Awaaz. The stock is currently trading at Rs 985, up 3.2% on BSE. 3:44 PM||Buy
The market is likely to consolidate in the near term, says Pankaj Jain of Satguru Capital on Zee Business. Nifty has resistance at 5180 and it could possible see some correction, he says. But the trend is up and its only a matter of time before Nifty crosses this resistance and heads towards 3:41 PM||The mark
5300, he adds. Nifty has support at 4990 and unless it trades below that there is no reason to worry, says Gautam Vora of ULJK Securities on CNBC TV18. The uptrend is intact and momentum is strong, he feels. Nifty may correct 40-50 points which will be an opportunity to buy into the market, he says. Nifty has resistance at 5180 after which it will go higher and 5300 is possible,
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It was a flat close for our market with quiet cues from across the globe. It was a day of consolidation, some profit booking and market closed marginally in the negative. Sensex closed at 17149, down 49 points (provisional) and Nifty at 5118, down 3 points (provisional) from the previous close. CNX Midcap index was up 0.54% and BSE Smallcap index was up 0.79%. The market breadth was positive with advances at 691 against declines of 572 on the NSE
Market News ➢ Expect further appreciation in Tata Motors: VVLN Shastri
➢ Expect further appreciation in Tata Motors, says VVLN Shastri, CEO and Head-Equity Research, Firstcall India Equity Advisors.... ➢ Nifty ends flat; realty, banks, auto, pharma gain ➢ The Nifty closed flat at around 5120 after a volatile session. Buying interest was seen in realty, auto, banks, and pharma stocks while FMCG, capital goods and power stocks witnessed selling pressure. ➢ Nov Boston Analytics Consumer Confidence Index up at 70.7 ➢ In an exclusive interview with CNBC-TV18, Kimberlee Luce of Boston Analytics, shares her views on Consumer Confidence Index for the month of November.... ➢ Gold may test $1240/oz if it holds $1180/oz ➢ Gold prices have seen an all time high of USD 1,215 per ounce. The prices have seen nearly 16% jump since November, 2009. The charts are showing that if gold holds USD 1,180 per ounce in the near-term ➢ Rupee has resistances at 45.74-46.1: RR Information ➢ Resistances for the rupee in the days ahead would be at 46.1 and 45.74, RR Information Research... ➢ Sensex trades flat; ABG Shipyard sells Great Offshore stake ➢ The Sensex was trading with marginal gains and was hovering around the 17250 level. Buying interest was seen in realty, auto, banks, metal and oil & gas stocks. However, FMCG, IT and T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat, India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064. www.oxyzen.co.in http://oxyzenfinancial.blogspot.com Mutual Funds – Equities - Fixed Deposits - Bonds – Postal Schemes - Structured/Portfolio Mgt Products – Life Insurance – Car /Health / Motor / Travel Insurance – Corporate Treasure – Estate Planning - Online Investing
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➢ ABG Shipyard makes a killing: Udayan Mukherjee
➢ Udayan Mukherjee, Managing Editor at CNBC-TV18 believes ABG Shipyard has made a smart move by exiting from the race for Great Offshore. ... ➢ Nifty trades in narrow range of 5120-5150 amid volatility ➢ The Nifty was witnessing volatility and was trading in a narrow range of 5,120-5,150. Banking, metal, realty, auto (only four-wheeler), select telecom and pharma stocks were seein ➢ Why does RBS foresee volatile markets in 2010? ➢ Royal Bank of Scotland is underweight on India. Market can go a bit higher but it would be volatile in 2010, says Emil Wolter, Head of Regional Asian Equity Strategist, RBS. According to him, valuatio ➢ See 15-20% correction in Indian markets: Credit Suisse ➢ Mickey Doshi, MD and Country Head at Credit Suisse say a correction of 15-20% on the downside from the current level is possible. ... ➢
Business News ➢ L&T arm sees more investments in power gen, T&D ahead ➢ Alstom-Schneider combined have taken over Areva T&D business
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globally. The deal is expected to change the Indian landscape with more competition expect... ABG Ship sells stake in Great Offshore; ends price war ABG Shipyard said on Wednesday it has sold stake in Great Offshore, boosting chances of rival Bharti Shipyard to acquire a controlling stake in the o... SEL Mfg plans to raise $40-50m via GDR issue In an interview with CNBC-TV18, Neeraj Saluja, MD, SEL Manufacturing spoke about the company’s capital raising plans and the road ahead.... Tata Tele Nov subscriber addition near 3.9 mn Tata Teleservices November subscriber additions are close to the previous month's level of 3.88 million, Managing Director Anil Sardana said on Wednes... BPL in pact with Chhattisgarh to set up power plant
T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat, India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064. www.oxyzen.co.in http://oxyzenfinancial.blogspot.com Mutual Funds – Equities - Fixed Deposits - Bonds – Postal Schemes - Structured/Portfolio Mgt Products – Life Insurance – Car /Health / Motor / Travel Insurance – Corporate Treasure – Estate Planning - Online Investing
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➢ BPL Ltd said on Wednesday it has entered into a pact with Chhattisgarh government to set up a 300 MW coal-based power plant in the eastern state.... ➢ BSNL chair says Zain acquisition plan on hold ➢ Bharat Sanchar Nigam Ltd has put on hold its plan to acquire a stake in Kuwaiti telecoms firm Zain, BSNL Chairman Kuldeep Goyal said on Wednesday.... ➢ Bharti Ship raises open offer price for Great Offshore ➢ Bharti Shipyard said it has raised the open offer price for a stake in Great Offshore to 590 rupees a share, a move that will intensify the battle fo... ➢ Usha Martin plans to raise Rs 350cr via QIP to fund capex ➢ Steel wire-rope maker Usha Martin is planning to raise Rs 300-350 crore through qualified institutional placements (QIP) by the end of this fiscal.... ➢ Provision coverage ratio to rise post RBI regulation: BoB ➢ In an interview with CNBC-TV18, MD Mallya, Chairman and Managing Director, Bank of Baroda, spoke on the issue of provision coverage ratio.... ➢ ABG Shipyard exits race for Great Offshore ➢ ABG Shipyard exits race for Great Offshore as it sells its entire 8.27% stake in the company.... ➢ Expect industry to grow at 21% this year: Bajaj Auto ➢ Bajaj Auto November total sales were at 2.77 lakh units versus 1.6 lakh units on year-on-year basis (YoY) and versus 2.8 lakh units month-onmonth (Mo... ➢ Media needs to look at global linkages, says President ➢ The President, Ms Prathibha Patil, has said globalisation has created a situation where issues such as financial integration, terrorism, climate chang... ➢ Tech Mahindra considers BPO unit in Philippines ➢ Indian outsourcer Tech Mahindra is considering a new business process outsourcing operation in the Philippines, the Economic Times reported on Wednesd...
T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat, India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064. www.oxyzen.co.in http://oxyzenfinancial.blogspot.com Mutual Funds – Equities - Fixed Deposits - Bonds – Postal Schemes - Structured/Portfolio Mgt Products – Life Insurance – Car /Health / Motor / Travel Insurance – Corporate Treasure – Estate Planning - Online Investing
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MARKET DATA SENSEX
17169.91
-28.36
Nifty 50
5123.25
1.25
Dow Jones
10471.58
126.74
Nasdaq
2175.81
31.21
FTSE
5302.15
-10.02
Nikkei 225
9608.94
36.74
Hang Seng
22289.57
176.42
Top Gainers & Losers Top Gainers
Top Losers
Company (Group A) IndiabullsFinServic e
Price (Rs)
% Change
Company (Group A)
Price (Rs)
% Change
140.95
11.73
457.4
9.16
290 2,056.6 5
-3.19
Shriram Trans.Fi
Areva T&D India Oracle Financial Ser
Jet Airways
537.45
8.72
HCL Technologies
329.6
-3.06
-3.13
T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat, India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064. www.oxyzen.co.in http://oxyzenfinancial.blogspot.com Mutual Funds – Equities - Fixed Deposits - Bonds – Postal Schemes - Structured/Portfolio Mgt Products – Life Insurance – Car /Health / Motor / Travel Insurance – Corporate Treasure – Estate Planning - Online Investing
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IDBI Bank Ltd.
131.95
5.48
Mangalore Refine
Syndicate Bank
98.7
5.34
Sun Pharma.
Email:
[email protected]
76.55 1,495.3 5
-3.04 -2.82
T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat, India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064. www.oxyzen.co.in http://oxyzenfinancial.blogspot.com Mutual Funds – Equities - Fixed Deposits - Bonds – Postal Schemes - Structured/Portfolio Mgt Products – Life Insurance – Car /Health / Motor / Travel Insurance – Corporate Treasure – Estate Planning - Online Investing