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Tuesday, March 16, 2010

 
 
 
 
 
 
  • SELL M&M: Rajat K Bose
  • 10:51 | Technical analyst sets a stop loss of Rs 1141 on the stock. Also says the Nifty might remain rangebound
 
  • BUY Hindalco: Edelweiss
  • 08:26 | Brokerage rates the stock as sector outperformer. Says it continues to be positive on aluminium
 
 
 
 

Tuesday, Mar 16, 2010
8:00 pm - 

Market and business commentary will resume on 17 March, 2010.


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7:59 pm - 

The sector to watch out for in tomorrow's trade will be metals given the resurgence in metal prices and the carried forward momentum from today's trade, says Garima Kumar, ED, Lotus Knowlwealth.


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7:54 pm - 

HOLD Punj Lloyd Ltd, says Rajesh Tambe, Research Head, Sunchan Securities. The stock closed at Rs 174.60, up 1.4% on the BSE.


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7:42 pm - 

SELL Punj Lloyd Ltd, says Shrikant Chouhan, Technical Analyst, Kotak Securities. The stock closed at Rs 174.60, up 1.4% on the BSE.


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7:34 pm - 

The much awaited Federal Open Market Committee (FOMC) policy announcement in the US markets tonight could be a key factor for tomorrow’s opening at the Asian and Indian bourses, says Garima Kumar, ED, Lotus Knowlwealth. With heightened concerns over inflation reaching double digits, market participants are also looking over their shoulders for a hike in CRR by the RBI, she adds.


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7:23 pm - 

SELL Dolphin Offshore Enterprises (India) Ltd, says Rajesh Tambe, Research Head, Sunchan Securities. The stock closed at Rs 367.75, up 1.7% on the BSE.


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7:13 pm - 

BUY IT, realty and metal stocks, says Shrikant Chouhan, Technical Analyst, Kotak Securities.


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7:03 pm - 

The US markets have opened in the positive zone. The Dow is currently at 10654.47, up 12.32 points from the previous close. Adding 5.53 points, the Nasdaq is at 2367.74.


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6:53 pm - 

BUY Tata Teleservices (Maharashtra) Ltd (TTML), says Rajesh Tambe, Research Head, Sunchan Securities. The stock closed at Rs 23.60, up 1.7% on the BSE.


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6:43 pm - 

HOLD Noida Toll Bridge Company Ltd, says Shrikant Chouhan, Technical Analyst, Kotak Securities. The stock closed at Rs 35.40, up 3.8% on the BSE.


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6:34 pm - 

HOLD Noida Toll Bridge Company Ltd, says Rajesh Tambe, Research Head, Sunchan Securities. The stock closed at Rs 35.40, up 3.8% on the BSE.


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6:13 pm - 

BUY Sasken Communication Technology Ltd, says Rajesh Tambe, Research Head, Sunchan Securities. The stock closed at Rs 187.15, up 1.8% on the BSE.


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6:03 pm - 

BUY Sasken Communication Technology Ltd, says Shrikant Chouhan, Technical Analyst, Kotak Securities. The stock closed at Rs 187.15, up 1.8% on the BSE.


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5:54 pm - 

SELL Vishal Retail Ltd, says Shrikant Chouhan, Technical Analyst, Kotak Securities. The stock closed at Rs 63.50, down 1.6% on the BSE.


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5:44 pm - 

BUY Reliance Industries Ltd (RIL), says Rajesh Tambe, Research Head, Sunchan Securities. The stock closed at Rs 1066.80, up 3.8% on the BSE.


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5:35 pm - 

HOLD GAIL (India) Ltd, says Rajesh Tambe, Research Head, Sunchan Securities. The stock closed at Rs 413.80, up 0.3% on the BSE.


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5:33 pm - 

HOLD GAIL (India) Ltd, says Shrikant Chouhan, Technical Analyst, Kotak Securities. The stock closed at Rs 413.80, up 0.3% on the BSE.


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5:28 pm - 

BUY Amara Raja Batteries Ltd, says Shrikant Chouhan, Technical Analyst, Kotak Securities. The stock closed at Rs 164.70, up 1.6% on the BSE.


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5:13 pm - 

AVOID Exide Industries Ltd, says Shrikant Chouhan, Technical Analyst, Kotak Securities. The stock closed at Rs 112.10, up 1.8% on the BSE.


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5:03 pm - 

HOLD Sesa Goa Ltd with a target of Rs 490-550, says Shrikant Chouhan, Technical Analyst, Kotak Securities. The stock closed at Rs 439.75, up 0.7% on the BSE.


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4:53 pm - 

AVOID Sesa Goa Ltd, says Rajesh Tambe, Research Head, Sunchan Securities. The stock closed at Rs 439.75, up 0.7% on the BSE.


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4:43 pm - 

BUY Larsen & Toubro Ltd (L&T), says Rajesh Jain, Research Head, SMC Global Securities. The stock closed at Rs 1597.80, up 2.8% on the BSE.


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4:37 pm - 

BUY Hero Honda Motors Ltd, says Rajesh Jain, Research Head, SMC Global Securities. The stock closed at Rs 1911, down 0.03% on the BSE.


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4:24 pm - 

BUY Reliance Industries Ltd (RIL) with a target of Rs 1080-1100, says Rajesh Jain, Research Head, SMC Global Securities. The stock closed at Rs 1066.80, up 3.8% on the BSE.


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4:14 pm - 

BUY ICICI Bank Ltd, says Rajesh Jain, Research Head, SMC Global Securities. The stock closed at Rs 930.80, up 0.8% on the BSE.


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4:04 pm - 

The market has closed on a positive note. The Sensex has ended at 17383.18, up 1.3% from the previous close. Adding 1.3%, the Nifty closed at 5198.10. Both the BSE Midcap and Smallcap indices were up 1.1% and 1.3% respectively. BSE Oil & Gas index (up 2.8%) was the top gainer among others.


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3:54 pm - 

SELL sugar stocks on rally, says Rajesh Jain, Research Head, SMC Global Securities.


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3:46 pm - 

The Nifty has support at 5050-5080 levels, says Rajesh Jain, Research Head, SMC Global Securities.


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3:39 pm - 

BUY Madhucon Projects Ltd for a target price of Rs 190-192, says RL Narayanan, VP- Equity & Institutional Sales, Bonanza Portfolio. Keep a stop-loss at Rs 136. The stock closed at Rs 153.70, up 3.4% on the BSE.


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3:31 pm - 

The market has closed in the green. The Sensex closed at 17396.90, up 231.91 points (provisional) from its previous close. The Nifty gained 73.15 points to end at 5202.05 (provisional) levels.


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3:25 pm - 

BUY Texmo Pipes & Products Ltd for a target price of Rs 177, say dealers. The stock is currently trading at Rs 159.65, up 4.6% on the BSE.


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3:21 pm - 

BUY IndusInd Bank Ltd for a target price of Rs 171, say dealers. The stock is currently trading at Rs 165.35, up 3.1% on the BSE.


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3:18 pm - 

The markets are trading firm. The Sensex is currently at 17364.02, up 193.32 points from its previous close. The Nifty is currently at 5198.80, higher by 69.05 points.


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3:12 pm - 

BUY Jindal Steel & Power Ltd for a target price of Rs 705, say dealers. The stock is currently trading at Rs 693.65, up 2.4% on the BSE.


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3:09 pm - 

BUY Oil & Natural Gas Corpn Ltd (ONGC) and Reliance Industries Ltd (RIL) in the oil & gas sector, say dealers. Oil & gas stocks are showing strength, they add. The BSE Oil & gas index is currently up 2.5% from its previous close.


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3:01 pm - 

The overall view on the markets is positive, say dealers. Markets are trading between 5090 and 5150 levels, he adds. The 50-stock index is currently up 5171.50, up 42.90 points from its previous close.


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3:00 pm - 

The Nifty will face stiff resistance around 5170 levels, say dealers. It has support at 5110 and 5090 levels, he adds. On the upside, if it closes above 5170, it can go up to 5230 levels; on the downside an end below 5090 level will take the Nifty to 5050 levels, they further add.


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2:37 pm - 

SELL IVR-Prime Urban Developers Ltd on any rally, says Sunil Jain, Nirmal Bang. The stock is currently trading at Rs 179.85, up 2.7% on the BSE.


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1:55 pm - 

BUY IVRCL Infrastructures & Projects Ltd and IRB Infrastructure Developers Ltd in the infrastructure space, says Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services. They can see a 25-30% run-up in 6-12 months, he adds. The stock of IVRCL Infra is currently trading at Rs 334.15, up 3.1% and IRB Infra is currently trading at Rs 252.60, up 0.9% on the BSE.


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1:48 pm - 

BUY Suzlon Energy Ltd around Rs 71 for a target price of Rs 77-78, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 74.30, up 0.9% on the BSE.


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1:37 pm - 

The market continues to trade in the positive terrain following gains in oil & gas, consumer durables and capital goods stocks. The Sensex is currently at 17204.85, up 39.86 points from the previous close. The Nifty is currently at 5148.75, higher 7.45 points. Meanwhile, the BSE Midcap and BSE Smallcap indices are up 0.5% and 0.9% respectively.


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1:30 pm - 

HOLD Apollo Tyres Ltd as good upswing is expected in this counter, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 69.10, up 7.5% on the BSE.


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1:20 pm - 

SELL Satyam Computer Services Ltd as it can fall to Rs 94, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 97.80, up 0.9% on the BSE.


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1:13 pm - 

BUY Hero Honda Motors Ltd in the auto space on 3-4% declines from current levels, says Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services. The stock is currently trading at Rs 1912.50, flat on the BSE.


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1:03 pm - 

HOLD Tata Motors Ltd for a target price of Rs 845-860, says Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services. The stock is currently trading at Rs 779.35, up 1.4% on the BSE.


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12:55 pm - 

SELL Bank of Rajasthan Ltd for a target price of Rs 57, says Rajat Bose, Technical Analyst. Keep a stop-loss at Rs 61.10, he adds. The stock is currently trading at Rs 58.90, down 1.6% on the BSE.


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12:47 pm - 

AVOID NTPC Ltd and Power Grid Corporation of India Ltd as they are moving in sideways pattern, says Rajat Bose, Technical Analyst. The BSE Power index is currently up 0.4% from its previous close.


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12:03 pm - 

At noon, the Indian bourses continue to trade flat with positive bias. The Sensex is currently at 17182.87, higher 17.88 points from its previous close. The Nifty is currently at 5136.75, up 7.85 points. Meanwhile, the BSE Midcap and the BSE Smallcap indices have surged 0.5% and 0.8% respectively. Among the broader sectoral indices, the BSE Oil & gas index (up 1.6%) is the biggest gainer; whereas the BSE FMCG index (down 0.8%) is the biggest loser.


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11:54 am - 

SELL NMDC Ltd for a target price of Rs 343-338, says Rajat Bose, Technical Analyst. Keep a stop loss at Rs 359, he adds. The stock is currently trading at Rs 333.70, down 3.2% on the BSE.


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11:48 am - 

BUY Hanung Toys and Textiles Ltd at current levels for a target price of Rs 187-200, says Rajat Bose, Technical Analyst. Keep a stop loss at Rs 164, he adds. The stock is currently trading at Rs 176.60, up 1.2% on the BSE.


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11:40 am - 

BUY Shree Cement Ltd, Kesoram Industries Ltd and UltraTech Cement Ltd in the cement space, says Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services. This sector is likely to perform in the near-term as infrastructure projects are expected to kickstart, he adds.


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11:34 am - 

HOLD Jaiprakash Associates Ltd for a target price of Rs 155-160, says Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services. The stock is currently trading at Rs 147.05, down 1% on the BSE.


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11:22 am - 

BUY Union Bank of India for a target price of Rs 310, says Goldman Sachs. The stock is currently trading at Rs 260, up 0.8% on the BSE.


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11:13 am - 

SELL Reliance Infrastructure Ltd as it can witness a sharp decline, says Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services. The stock is currently trading at Rs 976.45, up 0.2% on the BSE.


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11:05 am - 

HOLD Infosys Technologies Ltd for a target price of Rs 2800 with a short-term horizon, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 2690, down 0.4% on the BSE.


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10:58 am - 

SELL State Bank of India (SBI) for a target price of Rs 1940, says Goldman Sachs. The stock is currently trading at Rs 1999.65, 0.8% on the BSE.


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10:49 am - 

BUY Balrampur Chini Mills Ltd around Rs 73, says Rajat Bose, Technical Analyst. It can see an upswing from those levels as it has already witnessed a steep fall, he adds. The stock is currently trading at Rs 94, down 0.1% on the BSE.


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10:40 am - 

The market continues to trade subdued. The Sensex is currently at 17,189.68, up 24.69 points from the previous close. The Nifty is currently at 5135.90, up 7.01 points. Meanwhile, the BSE Midcap and BSE Smallcap indices are up 0.3% and 0.6% respectively.


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10:27 am - 

BUY Rolta India Ltd, Polaris Software Lab Ltd, MphasiS Ltd and Satyam Computer Services Ltd in the IT space, says Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services. They can see a 20-25% rally in 12 months, he adds. The BSE IT index is currently down 0.1% from its previous close.


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10:21 am - 

BUY Punjab National Bank (PNB) for a target price of Rs 1100, says Goldman Sachs. The stock is currently trading at Rs 918.20, down 0.6% on the BSE.


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10:14 am - 

BUY Bank of Baroda for a target price of Rs 730, says Goldman Sachs. The stock is currently trading at Rs 604.75, down 1.2% on the BSE.


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10:06 am - 

BUY Lanco Infratech Ltd around Rs 51.50, says Rajat Bose, Technical Analyst, It can see an upmove in the near-term, he adds. He further says that maintain a strict stop-loss at Rs 50.50. The stock is currently trading at Rs 54.05, down 0.4% on the BSE.


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9:57 am - 

HOLD Shree Renuka Sugars Ltd and Bajaj Hindusthan Ltd as they can witness a bounce back in the short-term, says Geojit BNP Paribas Financial Services. Though the bounce would be short-lived since commodity prices have fallen globally, he adds. The stock of Shree Renuka is currently trading at Rs 77.95, up 1.9% and Bajaj Hindusthan is currently trading at Rs 149.95, up 0.8% on the BSE.


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9:47 am - 

BUY HCL Technologies Ltd and Patni Computer Systems Ltd at current levels, says Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services. The IT sector is likely to outperform in the medium-term, he adds. The BSE IT index is currently up 0.05% from its previous close.


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9:41 am - 

SELL Mahindra & Mahindra Ltd for a target price of Rs 1084-1069, says Rajat Bose, Technical Analyst. Keep a stop loss at Rs 1141, he adds. The stock is currently trading at Rs 1107.95, up 0.2% on the BSE.


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9:33 am - 

The market is trading flat with a positive bias amidst early trades. The Sensex is currently at 17185.20, up 20.21 points from the previous close. The Nifty is currently at 5139.55, up 10.70 points. The BSE Midcap and BSE Smallcap indices are up 0.3% and 0.5% respectively. Oil & gas, consumer durables and healthcare stocks are seeing marginal buying coming in, whereas banking, FMCG and PSU stocks are under some pressure.


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9:25 am - 

Goldman Sachs has put a ‘neutral’ rating on Yes Bank Ltd for a target price of Rs 270. The stock is currently trading at Rs 246.10, down 1% on the BSE.


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9:17 am - 

BUY IndusInd Bank Ltd for a target price of Rs 190, says Goldman Sachs. The stock is currently trading at Rs 160.10, down 0.2% on the BSE.


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9:11 am - 

BUY Wipro Ltd for a target price of Rs 920 with a medium to long-term horizon, says Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services. The stock is currently trading at Rs 731.50, up 0.5% on the BSE.


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9:04 am - 

The market has opened flat with a mild positive bias. The Sensex has opened at 17169.84, up 16 points from its previous close. The Nifty has opened at 5128.90, higher by 6 points.


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8:59 am - 

Goldman Sachs has put a ‘neutral’ rating on ICICI Bank Ltd for a target price of Rs 960. The stock closed on Monday at Rs 923.40, down 1.4% on the BSE.


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8:51 am - 

BUY HDFC Bank Ltd for a target price of Rs 2120, says Goldman Sachs. The stock closed on Monday at Rs 1811.20, up 0.6% on the BSE.


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8:42 am - 

BUY Axis Bank Ltd for a target price of Rs 1280, says Goldman Sachs. The stock closed on Monday at Rs 1139.80, down 1% on the BSE.


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8:34 am - 

BUY Idea Cellular Ltd for a target price of Rs 78, says Nomura. The stock closed on Monday at Rs 59.70, down 0.7% on the BSE.


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8:25 am - 

The Asian markets are trading in the positive terrain. The Nikkei Average is at 10776.52, up 24.54 points from its previous close. The Kospi has gained 2.51 points to 1652.01. Adding 8.67 points, the Shanghai Composite is currently at 2985.61 levels. The Hang Seng has strengthened 59.01 points to 21138.10 levels.


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8:17 am - 

The US market closed mixed. The Dow Jones advanced 17.46 points to close at 10642.15. Shedding 5.45 points, the Nasdaq ended at 2362.21 levels. The S&P 500 closed shop at 1150.51, higher by 0.52 points from its previous close.


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8:12 am - 

Bloomberg UTV Outlook: Markets may open subdued on the back of flat global cues. Metal, oil marketing companies and aviation stocks are expected to remain in focus.


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    Enlarge
 
Top Performers
Company Price Rs. %Chg
JAICORPLTD 262.25 13.43%
M&MFIN 375.35 5.49%
EDUCOMP 776.00 5.47%
IDEA 62.40 4.87%
INDHOTEL 98.70 4.56%
 
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