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December 07th, 2009
BSE LIVE
16,983.14
-118.40 -0.69% NSE -42.20 -0.83%
5,066.70
It was another down day for the Indian market which opened up soft and soon after fell to selling pressure, thus ending at the lowest point of the day. Weak global cues also had a negative impact on our markets. Sensex shut shop at 16983, down 118 points and Nifty at 5066, down 42 points from the previous close. CNX Midcap index was down 1% and BSE Smallcap index was down 0.4 We remain cautious on India and are looking for sell-off towards the 4045-4285 area, says Laurence Balanco of CLSA on CNBC TV18. There is substantial resistance at the 5100-5200 level, he adds Hold NDTV for long term with target of Rs 180-182, says Salil Sharma, technical analyst, on CNBC Awaaz. Short-term traders should book profits, he adds. The stock last traded at Rs 158.55, up 5.2% on the BSE Hold NDTV with target of Rs 173-174, says Manas Jaiswal of Motilal Oswal Securities on CNBC TV18. The stock last traded at Rs 158.55, up 5.2% on the BSE. Buy India Hotel with target of Rs 99 and stop loss of Rs 87.50, says Rakesh Bansal, technical analyst, on 3:35 PM||Buy
CNBC Awaaz. The stock last traded at Rs 90.40, up 2.3% on the BSE. Buy HCL Technologies with targets of Rs 370-380 and stop loss of Rs 334, says Mitesh 3:26 PM||Buy
Thacker, technical analyst, on CNBC TV18, in a market closing strategy. Buy Rolta India with target of Rs 220, says Yash Gadodia of ICICI Direct on CNBC Awaaz. The stock is currently trading at Rs 178.85, down 2.2% on the BSE .Hold Zicom with targets of Rs 120 and then 140-150 on crossing its resistance of Rs 110, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 83, he adds. The stock is currently trading at Rs 98.40, down 0.9% on the BSE It was a disappointing day for the Indian market which opened up flat but later traded weak through the day, on the back of profit booking. Global cues were not supportive either. Sensex closed at 16949, down 151 points (provisional) and Nifty at 5057, down 51 points (provisional) from the previous close. CNX Midcap index was down 1% 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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BSE Smallcap index was down 0.5%. The market breadth closed negative with advances 3:30 PM||It w as a
at 491 against declines of 782 on the NSE.
Markets News ➢ India gold prices ease, triggers buying
➢ India gold prices extended their fall for a third day on Monday, triggering a slight pick-up in physical off take in the middle of the wedding season that will last till December-end, dealers said. ➢ Sensex closes below 17K; metals, realty, oil & gas dip 2-3% ➢ The Sensex continued the sell-off for the second consecutive day and closed today's session below the 17,000 mark on the back of downtrend in oil & gas exploration, metal, banking, realty, auto and se ➢ 2010 view: India to shine but developed mkts outlook grim ➢ The year 2009 saw a slight bounce back in global markets from its extreme fall post the global meltdown in 2008. However, just as the global economy showed signs of recovery, the Dubai debt crisis was ➢ Sensex slips below 17K; banks, realty, metals, RIL decline ➢ The Nifty extended losses and slipped over 50 points while the Sensex over 150 points. Reliance Industries was the main dragger, down nearly 3.5%.... ➢ Suzlon adds nearly 40 lakh shares in OI ➢ Suzlon is up nearly 4% with a good open interest build-up of nearly 40 lakh shares. Kingfisher is up 2.5% with a good build-up of 9 lakh shares. Reliance Industries is down nearly 2.5% with a good bui ➢ Investors prefer midcap stocks in IT sector: ICICI Sec ➢ ICICI Securities Technology Conference was held in Mumbai between December 3, 2009 and December 4, 2009. In an exclusive interview with CNBC-TV18, Anantha Narayan, Head-Equity Research, ICICI Securiti 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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➢ Oil up towards $76 on dlr easing; demand hope
➢ Oil prices rebounded toward USD 76 a barrel on Monday, after shedding nearly USD 1 in the previous session, as positive U.S. jobs data buoyed hopes that energy demand in the world's largest fuel consul ➢ European markets trading mixed; CAC up, DAX down ➢ European markets were trading mixed. CAC 40 was up 0.29% or 10.85 points at 3,809.96. DAX slipped 0.98% or 57.29 points at 5,760.36. FTSE 100 fell 1.10% or 58.41 points at 5,263.95. ➢ Nifty slips further; RIL, Sterlite, SAIL, JSPL dip 2-3.5% ➢ Hours IST, the Nifty slipped further on the back of fall in heavyweights. But it was trading in a narrow range of 5,070-5,120 amid volatility.... ➢ Sensex consolidates; tech, telecom, auto, Suzlon gain ➢ IST, the Sensex was quiet in trade and was hovering around its previous closing value. Buying in telecom, technology and auto stocks along with SBI, BHEL and L&T was helping the market
MARKET DATA SENSEX
16983.14
-118.4
Nifty 50
5066.7
-42.2
Dow Jones
10388.9
22.75
Nasdaq
2194.35
21.21
FTSE
5299.32
-23.04
Nikkei 225
10167.6
145.01
Hang Seng
22324.96
-173.19
Top Gainers & Losers Top Gainers Company (Group A)
Price (Rs)
Top Losers % Chang e
Company (Group A)
Price (Rs)
% Chang e
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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Piramal Healthcare L Suzlon Energy Ltd. Indian Hotels Co Cummins India Lt GujaratStatePetr onet
419.5 83.05 90.65 407.75 102.4
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5.01 JSW Steel Tata 4.73 Communications Godrej Industries 2.6 Lt 2.39 HDIL
948.1
-6.65
357.9
-5.82
200.2
-4.55
336.65
-4.21
851.4
-4.21
2.14 Sterlite Indus.
Business News ➢ RCom Special Audit: Govt may have lost Rs 250cr
➢ The Telecom Ministry says Reliance Communication misrepresented its FY07 and FY08 revenue, adding that it resulted in loss of Rs 250 crore to the exch... ➢ RIL may file binding bid for LyondellBasell this wk: Sources ➢ Reliance Industries may submit binding bid for LyondellBasell this week, sources told CNBC-TV18's Nayantara Rai. India's largest private sector refine... ➢ EdServ to raise $25m via GDR/FCCB for expansion ➢ In an interview with CNBC-TV18, S Giridharan, Chairman and Chief Executive Officer of Edserv Softsystems, spoke about the company’s fund raising plans... ➢ Heineken to push in India, reorganize in Asia ➢ Heineken NV, the world's third-largest brewer, has agreed a deal to brew and sell its own brand beer in India and will integrate its various other open... ➢ State banks have to decide on mergers: Pranab Mukherjee ➢ The government has not issued any direction to state-run banks on consolidation and it was up to the banks themselves to decide on mergers, Finance Mi... ➢ JSW Energy IPO $583 million IPO fully subscribed ➢ Power firm JSW Energy's initial public offering to raise up to USD583 million was fully subscribed within half an hour of the launch of the issue.... 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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➢ Reliance Mediaworks, In-Three in 3D film pact
➢ Reliance MediaWorks has partnered Los Angeles-based In-Three to set up an India-based facility that will convert 2D films and videos into 3D to tap gr... ➢ ICICI to get S'pore OK for full banking operations ➢ ICICI Bank is expected to get Singapore's approval soon to open branches, take deposits and give loans in the city state.... ➢ ONGC Videsh plans refinery in Nigeria ➢ ONGC Videsh, the overseas investment arm of state-run Oil and Natural Gas Corp, is planning to set up a Greenfield refinery in Nigeria
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