Hot NSE BSE Share Tips - Nov 30

Buy Gitanjali Gems - Target 445 - Short Term Target - Stop Loss 375
Buy ICSA- Target 395 - Short Term Target - Stop Loss 340

Hot NSE BSE Share Tips - Nov 29

Buy DCM Shriram Ind - Target 128 - Short Term Target - Stop Loss 85
Buy Vakrangee - Target 199 - Short Term Target - Stop Loss 143

Hot NSE BSE Share Tips - Nov 28

Buy Hind Composites - Target 345 - Short Term Target -Stop Loss 301
Buy Chennai Petroleums - Target 460 - Short Term Target - Stop Loss 350

Mid-cap and small-cap stocks recovered

The market continued to trade weak even as some Asian markets moved into the green from early fall. Bajaj Auto and State bank of India edged higher. Metal and fertilizer stocks were in demand. All the key BSE indices were in red. Mid-cap and small-cap stocks recovered from lower level. The market breadth was negative.

Asian stocks pared early losses after Abu Dhabi Investment Authority reached a deal to buy an equity stake in Citigroup. US stocks tumbled on Monday, 26 November 2007, as investors worried rising US mortgage defaults and credit market losses will drag on the US economy, fueling fears that US consumers will slash spending during the vital holiday season.

At 12:20 IST, the 30-share BSE Sensex was down 157.12 points or 0.82% to 19,090.42. The Sensex hit a low of 19,019.33 in morning trade. At day’s low, the Sensex shed 228.21 points.

The broader based S&P CNX Nifty was down 53 points or 0.92% to 5678.70.

The BSE Mid-Cap index was down 0.07% to 8,378.11, off session’s low of 8,310.55. The BSE Small-Cap index was up 0.41% to 10,385.49, off session’s low of 10,293.30.

The market breadth was negative. On BSE, 1374 stocks had declined, while 1208 stocks advanced and 64 stocks remained unchanged.

India’s largest private sector firm by market capitalisation and oil refiner Reliance Industries fell 1% to Rs 2854.25.

Reliance Petroleum dwindled 2.47% to Rs 199. Chevron Corporation, the No 2 US oil firm, said on Monday, 26 November 2007, it was evaluating its options for its stake in India's Reliance Petroleum in which majority owner Reliance Industries sold 4% last week. Chevron owns 5% in Reliance Petroleum and has an option to raise its holding to 29%.

The BSE Metal index was up 0.54% to 17,619.83. Hindustan Zinc jumped 6.58% to Rs 737, Jindal Stainless moved up 6.63% to Rs 230.10, Sterlite Industries was up 1.92% to Rs 914.05 and Steel Authority of India (Sail) gained 1.60% to Rs 269.40. Hindalco Industries was down 0.67% to Rs 193.

India’s largest steel maker by sales Tata Steel was up 0.88% to Rs 856.50. The company may reportedly pick up a 35% stake in its newly formed Mozambique joint venture for a consideration of Australian $100 million. Report suggests that the stake will help Tata Steel get exclusive rights to the coal being mined in the new coal mine and will use it as feedstock for its plants both in India and abroad.

Fertiliser stocks were in demand. Rastriya Chemicals & Fertilisers (RCF) jumped 3.90% to Rs 68, Mangalore Chemicals & Fertilisers moved up 3.60% to Rs 43.20, Chambal Fertilisers & Chemicals rose 3.06% to Rs 64.05 and Tata Chemicals rose 2.80% to Rs 315.55.

The BSE Power index fell 1.22% to 4,323.34. Tata Power fell 3.55% to Rs 1137, Reliance Energy fell 1.74% to Rs 1758.50 and Torrent Power 2.06% to Rs 176. Neyveli Lignite was up 1.79% to Rs 230.

The BSE Bankex was down 1% to 10,484.76. ICICI Bank was down 2.47% to Rs 1129, Federal bank was down 2.71% to Rs 325, Punjab National Bank fell 1.85% to Rs 588.50, and Kotak Mahindra Bank fell 1.60% to Rs 112.50.

India’s largest commercial bank State Bank of India was up 1.33% to Rs 2272.

State-run Allahabad Bank was up 0.99% to Rs 112.70 on reports that the bank has plans to buy about 74% of a small bank in Africa for up to $15-20 million.

Detergent maker Nirma jumped 7.05% to Rs 220.05 after it said it would buy US-based soda ash maker, Searless Valley Minerals Operations Inc and Searless Valley Minerals Inc.

Diversified firm Godrej Industries was locked at upper limit of 5% at Rs 243.60 after its board approved either selling or entering into partnership for its medical diagnostic business.

Among the side counters, Hexaware surged 13.57% to Rs 83.70, Ashok Leyland jumped 6.85% to Rs 43.65, Hinduja TMT was up 6.15% to Rs 583.80, Indian Oil Corporation was up 5.51% to Rs 532.85, and Syndicate bank was up 4.67% to Rs 103.

In Asia, key benchmark indices in Hong Kong, China, Singapore and Taiwan were down by between 1.18% to 1.79%. South Korea’s Seoul Composite index was up 0.24% and Japan’s Nikkei 225 index was up 0.58%.

The Dow Jones industrial average slid 237.44 points, or 1.83%, to close at 12,743.44 on Monday, 26 November 2007. The Standard & Poor's 500 Index sank 33.48 points, or 2.32%, to 1,407.22. The Nasdaq Composite Index plunged 55.61 points, or 2.14%, to close at 2,540.99.

Bargain hunting had triggered a surge on the domestic bourses in the past two trading sessions. Earlier, FII sales caused by redemption pressure in their home countries and fears of a US recession arising from housing slump and credit crisis had spooked stocks across Asia over the past few days.

FIIs made heavy purchases in index-based futures on Monday, 26 November 2007, the day when Sensex had surged 395 points or 2.09% to 19,247.54 on the back rally across global markets. According to data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 2,098.07 crore and sold index options worth Rs 3.35 crore on Monday. They were net sellers of stock futures to the tune of Rs 50.70 crore and sold stock options worth Rs 0.32 crore. FIIs were net buyers to the tune of Rs 2,043.70 crore in the futures & options segment on Monday.

FII outflow in November 2007, till 23 November 2007, reached Rs 4628.80 crore. FIIs had made heavy purchases in September 2007 and October 2007. FIIs had bought shares worth a net Rs 16132.60 crore in September 2007 and Rs 20590.90 crore in October 2007.

Hot NSE BSE Share Tips - Nov 27

Buy Geefcee Fin - Target 555 - Short Term Target - Stop Loss 492
Buy Pioneer Embroi - Target 275 - Short Term Target - Stop Loss 225

Hot NSE BSE Share Tips - Nov 26

Buy Powergrid - Target 165 - Short Term Target - Stop Loss 133
Buy Hindustan Petro - Target 350 - Short Term Target - Stop Loss 265

Hot NSE BSE Share Tips - Nov 23

Buy Fulford India - Target 625 - Short Term Target - Stop Loss 487
Buy Era Construction - Target 620 - Short Term Target - Stop Loss 510

Hot NSE BSE Share Tips - Nov 22

Buy 3iInfotech - Target 165 - Short Term Target - Stop Loss 106
Buy Torrent Pharma - Target 215 - Short Term Target - Stop Loss 160

Hot NSE BSE Share Tips - Nov 21

Buy Gulshan Polyols - Target 225 - Short Term Target - Stop Loss 172
Buy Spanco Telesystems - Target 240 - Short Term Target - Stop Loss 168

Hot NSE & BSE Recommendation - Nov 20

Buy Logix Microsystems - Target 360 - Short Term Target - Stop Loss 263
Buy Bihar Tubes - Target 210 - Short Term Target - Stop Loss 145

Hot NSE & BSE Recommendation - Nov 19

Buy Bannari Amman Spinning Mills - Target 160 - Short Term Target - Stop Loss 105
Buy Orbit Corporation - Target 800 - Short Term Target - Stop Loss 655

Hot NSE BSE Share Tips - Nov 16

Buy SREI Infrastructure - Target 230 - Short Term Target - Stop Loss 159
Buy Cochin Minerals - Target 138 - Short Term Target - Stop Loss 98

Hot NSE BSE Share Tips - Nov 15

Buy OBC - Target 295 - Short Term Target - Stop Loss 210
Buy Asian Electronics - Target 480 - Short Term Target - Stop Loss 375

Hot NSE BSE Share Tips - Nov 14

Buy Petronet LNG - Target 120 - Short Term Target - Stop Loss 87
Buy GE Shipping - Target 600 - Short Term Target - Stop Loss 472

Hot Stock Recommendations - Nov 13

Buy Neyveli Lignite - Target 230 - Short Term Target - Stop Loss 175
Buy Axis Bank - Target 950 - Short Term Target - Stop Loss 830

News Alert

Sterlite Optical announces expansion of its Optical Fiber capacity to 12 Million-Km
Sterlite Optical Technologies has announced that it has decided to double its Optical Fiber annual manufacturing capacity to 12 Million-km from its current capacity of 6 Million-Km. This brownfield expansion at the company's existing facilities at Aurangabad, India is estimated to incur a Capex of Rs 140 Crores (US$ 35 Million) and commercial production is expected to commence by June 2009. This state-of-the-art facility would be capable of manufacturing the company's existing range of Optical Fiber Products as well as have the intrinsic capability to manufacture products as per evolving international telecom standards that are being introduced to cater to high bandwidth applications required by global markets. The company is in advanced stages of discussion with leading global manufacturing equipment and raw material suppliers to streamline its efforts towards the expansion project milestones. The company is a market leader in India and currently supplies over 45% of the country's demand and over 4% of the global demand for Optical Fiber. In H1 2007-08, the Company's export sales for its Optical Fibers accounted for about 55% of total revenues from sale of its Optical Fibers. The expanded capacity would primarily cater to the growing demand from the Indian market and also enable the Company to grow its global market share.

Hot NSE & BSE Recommendation - Nov 12

Buy Hanung Toys - Target 250 - Short Term Target - Stop Loss 185
Buy IOB - Target 165 - Short Term Target - Stop Loss 123

Special Diwali Tips - Nov 9

Buy Vijay Shanthi Builders - Target 175 - Short Term Target - Stop Loss 115
Buy Biocon - Target 780 - Short Term Target - Stop Loss 540
Buy GMR Infra - Target 275 - Short Term Target - Stop Loss 170

Happy Diwali

Wish you a very Happy Diwali !!!

May this new year be very profitable to all of us.

Hot NSE & BSE Recommendation - Nov 8

Buy Triveni Engineering - Target 153 - Short Term Target - Stop Loss 123
Buy GTC Industries - Target 600 - Short Term Target - Stop Loss 290

Hot NSE BSE Share Tips - Nov 7

Buy Paradyne Infotech - Target 285 - Short Term Target - Stop Loss 230
Buy DLF - Target 980 - Short Term Target - Stop Loss 885

Hot NSE BSE Share Tips - Nov 1

Buy Havells India - Target 850 - Short Term Target - Stop Loss 600
Buy Crompton Greaves - Target 530 - Short Term Target - Stop Loss 400

Share Market Tips - NSE and BSE - Nov 5

Buy Maruti - Target 1200 - Short Term Target - Stop Loss 900
Buy Raymond - Target 400 - Short Term Target - Stop Loss 315

Today's Stock Investment Tips - Nov 2

Buy Asian Electronics - Target 550 - Short Term Target - Stop Loss 396
Buy Cairn India - Target 250 - Short Term Target - Stop Loss 180

Hot NSE BSE Share Tips - Nov 1

Buy Skumar - Target 156 - Short Term Target - Stop Loss 126
Buy Patel Engg - Target 900 - Short Term Target - Stop Loss 710