In the news

Rumors of a Jaguar IPO fires up Tata Motors, markets up third day in a row, Reliance to announce Q4 numbers tomorrow

Markets got off to a subdued start and were choppy.  As the European markets opened positive our markets perked up too.  The Nifty made a high of 5342 came off and then consolidated again settling to close at 5332 up 32      points.  Auto stocks were the stars of the day.  The BSE Auto Index hit […]

Markets seesaw, banks lose favor, cement stocks rally ahead of results tomorrow….

The market had a gap up opening and the Nifty went up about 40 points. The consumer price-based food inflation accelerated to 8.22% in March up from 6.62% of February.  This dampened the market spirit as did the weak opening seen in Europe.  The Nifty lost its gains, mirroring the Bank Nifty movement which also […]

Markets cheer interest rate cut, banks and capital goods stocks to rally further….

The Nifty opened flat ahead of the RBI’s annual monetary policy for FY13 today. Traders booked profits in banks stocks ahead of policy. Market had rallied more than 60 points on the Nifty immediately after the Reserve Bank of India announced a cut of repo rate by 50 basis points to 8%, but the rally […]

Rangebound day, all eyes on RBI policy meet tommorow…

The Nifty started off trade in an important week with a gap down, tracking negative global cues. Lower than expected China’s GDP, Spain worries and weaker than expected US data weighed on global equities.  As trade wore on market recovered on expectations of an interest rate by the RBI tommorow.  Inflation for March came in […]

Infosys guidance is a shocker, Spain borrowing spooks market in late trade, profit booking order of the day, all eyes on RBI meet next week Tuesday!

Infosys guidance shocker meant that markets were always under pressure.  Nifty started off on a positive note – IT majors Infosys and TCS lost but the rest of the market held on to their gains reflecting the positive sentiment of global markets.  But European markets took a beating after the Spanish banks borrowed euro 316.3 […]

Markets shrug off weak IIP data, Banks rally, eyes on Infosys Q4 numbers tommorow ….

Markets started off on a strong note with the Nifty up about 34 points and continued to gain in the morning session. Nifty shed some gains post lower than expected industrial output data for the February and revision in January data. However, positive growth in mining and capital goods sectors helped the market hold gains. […]

Market recovers to be hit by Tsunami concerns…tomorrow eyes to be on IIP data a precursor to RBI policy next week!

The Nifty resumed its downward trend with the market opening 34 points gap down. Concerns in the EU and US data increased fear. If globally we go back to risk-off mode then our markets could fall further. Asian markets like Hang Seng and Nikkei dropped over 1% while Straits Times was down 0.9% and Shanghai […]

5 Buzzing Stocks from Fairwealth Securities – Indusind Bank T Rs 387, Bank of Baroda T Rs 960, CESC T Rs 320, Opto Circuits T Rs 210, Ashok Leyland T Rs 34

5 Fundamental Picks from Fairwealth Securities    April 10, 2012 Indusind Bank– BUY (CMP : Rs. 334, Target Price : Rs. 387, %Upside : 16%)   After witnessing a remarkable growth in Phase 1, we believe that the base is set for Indusind bank to capitalize on next round of growth. For the planning cycle II, […]

Nifty seesaws in a narrow range…fertiliser stocks and aviation stocks could be in news on 11th April 2012

The Nifty seesawed in a very narrow range through the day.  Overseas Dow closed lower but came off lower levels while Asia and Europe stayed soft. In such an environment with so many events round the corner markets were lackluster though volumes were slightly higher.   Yesterday’s top gainer ended as the biggest loser – Ranbaxy closed lower 2.59% […]

Buy Tata Motor DVR with a target of 185 if not more…

Investment Case At the time of issue the Tata Motor DVR got a very tepid response and the promoters had had to bail out the issue by subscribing to it – consequently promoter holding was at 84%.  It was perhaps because of this lack of understanding of the DVR as an instrument and also because […]