Infosys, inflation drag Sensex 310 points lower

Today’s major focus was on Infosys Technologies’ earnings, which came in below Street’s expectations. Results of the Information Technology (IT) major disturbed the sentiments and led the markets to witness a steep fall. IT stocks were the biggest losers, which kept markets under pressure all throughout the day. A spike in inflation for March also spooked markets, raising expectations of further rate hikes; this led to a fall in the banking stocks.

The Sensex began the session 27 points lower at 19670 and in no time hit the day’s high of 19701. Later, the index traded lower and extended losses to hit the day’s low of 19337 in early afternoon session. Weakness in IT pack led the Sensex to post heavy losses and remain under pressure. The Sensex tumbled by 310 points to settle at 19387 and the Nifty fell by 87 points to close at 5825.

GVK Power gains on buzz of deal with Hancock

The shares of GVK Power & Infrastructure surged over 4%, hitting the monthly high of Rs30.55, on reports that the company is in talks to buy two Australian coal mines owned by Hancock Prospecting in a deal worth $8.4 billion. Up till now, over 19.72 lakh shares have traded on the BSE as against the two-week average volume of 14.45 lakh shares.GVK and Hancock had entered into an exclusive arrangement for negotiations that would continue till the middle of next month. To organise the initial funds, GVK has approached some foreign and Indian banks.

What experts says? on Dena Bank

Buy Dena Bank with a 3-4 day target of Rs 118 and stop loss of Rs 108, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 111.35, up 0.2% on the BSE

What experts says?

Pradeep Pandya says, BUY Delta Corp Ltd. @ Rs90.65 with a target of Rs.101 and stop loss of Rs.87, on CNBC Awaaz

Bulls March! Markets up 9% as FIIs pump money

The FIIs played a prime role in lifting the markets higher. The FIIs have bought Indian stocks worth a net of Rs6,897.5 crore in March as compared to net sell of Rs4,585.8 crore seen in February. The local investors continued its buying trend in March as they purchased Indian shares worth a net of Rs22 crore as against net buy of Rs1,436.4 crore seen in February.

Voltas surges on raising stake in JV firm

Voltas shares rose over 4% in early trade, touching the monthly high of Rs187.70, after the company bought additional 11% stake in Lalbuksh Voltas Engineering Services from its joint venture partner Lalbuksh Contracting and Trading Establishment for Rs6.65 crore.
Following the stake hike, Lalbuksh Voltas Engineering Services has become a subsidiary of Voltas effective March 31, 2011. Voltas now holds 60% stake in Lalbuksh Voltas Engineering Services from 49% earlier. Lalbuksh Voltas Engineering Services is engaged in the business of water and oil drilling, water management and landscaping in Oman.

Fortis takes over Oasis Hospitals cardiac centre in Srilanka

Fortis Malar Hospitals said it has taken over operations and management of cardiac centre at 170-bed Oasis Hospitals in Sri Lanka.
Fortis Malar Hospitals, which is a subsidiary of Fortis Healthcare (India), did not give any details of the financial involved.'We are happy to expand our presence in Sri Lanka and in partnering with Oasis Hospital. This addition is in line with our strategic objectives to expand our reach and provide access to quality healthcare to communities at affordable costs,' Fortis Healthcare (India) Zonal Director Krish Ramesh said.
The Colombo-based centre has been renamed as 'Fortis Oasis Cardiac Centre', Fortis Malar Hospitals said.
The cardiac centre will be fully equipped to cover all aspects of cardiac care ranging from prevention, diagnosis, treatment and rehabilitated cardiac care.

News on Unity infra:Expecting 1000-1500 cr worth orders this fiscal: COO, Unity Infra

 The stock has not performed well in the last month or so but I think that is true of the sector in general. As far as the order position currently goes this year we have already added 1000 crore of orders this fiscal to date plus we as a lowest bidder in another 500 crore of orders which we expect to materialise shortly.

What experts says? Unity Infra showing strenth; target Rs 102 in short term: Hemant Kale,MD,Maia Financial Services

Unity Infra, of course, has been beaten down quite a lot and the primary intermediate trend is currently down but on the shorter term, the chart is definitely showing some signs of strength. It is picking up well. On the shorter term, the price target is around Rs 102 level where profit booking can be done by a short-term player but longer-term players can definitely stay put in this stock.

4 Stocks For Next Week

Unity Infraprojects Ltd,
Cmp:67.15,
Action:Buy,
Target:150.
Delta Corp Ltd,
Cmp:85.80,
Action:Buy,
Target:125.
Fortis Healthcare Ltd,
Cmp:156.65,
Action:Buy,
Target:---
Denabank Ltd,
Cmp:106.30,
Action:Buy,
Target:150.

FIIs propel markets to new highs this week

The Indian markets maintained its uptrend for the second week in a row. Strong buying by foreign institutional investors (FIIs) played a major role in boosting the markets. Positive global cues and a decline in food inflation provided further support. The markets witnessed good rollovers on March F&O expiry day. The key indices attained new highs this week on the back of robust FIIs, with the Sensex crossing 19400 levels and the Nifty above the 5800 mark. The Sensex fluctuated around 775 points between a high of 19575 and a low of 18800 and closed the week at 19420, higher by 605 points or 3.21%. The Nifty swung about 229 points and ended the week at 5826, up 172 points or 3.04%

Voltas plans new investments

Voltas said a limited liability company-Voltas Oman LLC-was incorporated in the Sultanate of Oman with an initial capital of Omani Royal 500,000 to be held in the proportion of 65% by Voltas Group and the balance 35% by Mustafa Sultan Group.The JV will engage in the business of executing electro-mechanical projects in the Sultanate of Oman, it said.In May last year, a memorandum of understanding was executed between Voltas and Mustafa Sultan Group to form a joint venture in the Sultanate of Oman, after completing the lega procedures Upon receipt of requisite approvals and capital contribution from both the joint venture partners, the board of Voltas Oman LLC has allotted shares totaling Omani Riyal 500,000 to the joint venture partners in the aforesaid proportion, whereby Voltas Oman LLC became a subsidiary of Voltas effective March 27, 2011.

Punj Lloyd clinches a Rs 735 crore BOT Annuity project from NHA

 Punj Lloyd Group subsidiary, Punj Lloyd Infrastructure Limited (PLIL), which has been set up for implementing Infrastructure Development projects,  announced that it has received a Letter of Award from National.Highways Authority of India (NHAI) for upgradation of NH-31 from Khagaria to Purnea in Bihar to a two-laned, undivided carriageway with paved shoulders, under the NHDP III (National Highways
Development Programme – III) on BOT Annuity basis.  The estimated cost of the project is Rs 735 crore. The scope of work involves Design, Build, Finance, Operate and Transfer of the 140 km section of the National Highway. PLIL will form a Special Purpose Vehicle (SPV), which will be signing a Concession Agreement with NHAI for 17 years and will be entitled to semi annual annuities of Rs 56 crore

Markets on a uphill after 3-day fall

It was a stable day for the Indian market which, on positive cues from the US and Asia, traded firm on the back of buying in most sectors, but more particularly in realty, pharma and infrastructure. Frontline stocks led the gainers in today's session but the market, however, gave up some gains in afternoon trade and closed off the day's high. Sensex shut shop at 17988, up 149 points and Nifty at 5413, up 49 points from the previous close.

Jyothy Labs to turnaround Henkel biz

The Mumbai-based Jyothy Laboratories, which last week acquired a 14.9% stake in Henkel India, is looking to aggressively turnaround the business if it triumphs in its bid for parent Henkel AG's 50.97% in the Indian unit.
Jyothy Laboratories's Vice-Chairman Ulhas Kamath said the firm was looking to turn Henkel profitable in a year or two. 'It has to happen as quickly as possible. For that we will use every lever possible from manufacturing to distribution to brand-building,' he said.Mr Kamath admitted that Jyothy Laboratories would have to invest substantially in the first year to revive the health of the business, something that has made investors jittery since the 14.9% acquisition last week.

Jyothy Labs rises on buying Diamond Fabcare

Jyothy Laboratories' arm Jyothy Fabricare Services acquired 100% stake in Delhi-based laundry player Diamond Fabcare to enhance presence in the northern market.
Reacting to this, the shares of Jyothy Laboratories gained over 4% to touch the day's high of Rs208. Till now, over 0.42 lakh shares have traded on the BSE as against the two-week average volume of 1.12 lakh shares.

4 Stocks For This Week

Voltas Ltd,
Cmp:157.60
Action:Buy,
Target:---
Shakthi Pumps India Ltd,
Cmp:128.85,
Action:Buy,
Target:----
Punj Lloyd Ltd,
Cmp:61.60,
Action:Sell.
Jyothy Laboratories Ltd,
Cmp:196.70,
Action:Buy on dips
Target:---

Vodafone leads in number portability

Vodafone's India unit has so far gained the most following India's move allowing mobile users to retain their numbers even when they switch carriers, data from an industry body showed on Friday (March 18, 2011).
But, mobile number portability (MNP), which was launched in a northern state in late November and nationwide from January 20, was not a 'game changer' for the industry, the Cellular Operators Association of India (COAI) said in a statement.
The COAI said less than 5 million subscribers, or less than 1% of the country's total customers, had opted to switch carriers.
Of these, a net 192,761 customers switched to India's third-largest mobile carrier Vodafone Essar, while sixth-ranked Idea Cellular was next, with net gains of 150,789 customers.
Top mobile operator Bharti Airtel gained a net 148,215 customers in MNP, but No. 2 Reliance Communications was a net loser of 306,417 customers, data showed.
With 771 million mobile subscribers as of January, India is the world's second-biggest market for mobile services and with monthly additions averaging 19 million in the past one year, it is the world's fastest growing market.

RIL drags Sensex 150 points lower

The Indian markets turned red after positive opening as losses of 4% in index heavyweight Reliance Industries led to major decline. Oil & gas, technology and banking stocks were under pressure while some buying was seen in auto, metal and consumer durables.

MindTree loses Japanese contract; stock slips 5%

The shares of MindTree declined by 5% and hit the 52-week low of Rs355, after the company lost contract from Japan based Kyocera. So far, 0.11 lakh shares have traded on the BSE as against the two-week average volume of 0.21 lakh shares.

2010 Global rebound makes Sensex’s day, ends 191 pts up

Things remained good in today’s trade as compared to the previous panic day. Sentiments improved led by positive global cues after recovery in Japanese stocks. Short covering after a sharp sell-off was witnessed today. Major support came in from realty, auto and banking stocks. However, some profit booking was seen in late trade at higher levels, which could be because of rising crude oil prices again, reacting to Middle East tensions.The Sensex closed at 18358, up 191 points from its previous close, and Nifty shut shop at 5511, up 61 points.

Siemens Healthcare merges with Siemens

Siemens Healthcare Diagnostics said today it has merged with Siemens with effect from March 14, 2011.
'With effect from March 14, 2011, company stands amalgamated with Siemens and the legal entity of the company stands dissolved without winding up,' Siemens Healthcare Diagnostics said in a filing to the Bombay Stock Exchange (BSE).It further added that the entire business and undertaking of the company gets transferred to and in the name of Siemens.

Tyre makers speed up on fall in rubber prices

Six tyre companies’ shares rose 2.65% to 11.50% on the BSE on fall in rubber prices.At 11.12 am, JK Tyre & Industries up 11.50%, Dunlop India up 7.79%, CEAT up 6.01%, Goodyear India up 4.62%, MRF up 4.14% and Apollo Tyres up 2.65%.The fall in rubber prices on Monday (March 14, 2011) to Rs185 per kilogram from Rs201 last week benefited the domestic tyre manufacturers like Apollo, Ceat and JK Tyres among others.A fall of over Rs16 per kilogram in a day will help companies improve their operating profit margins in the first and second quarter of next financial year.

Suzlon promoters sell Rs178 cr shares; stock down

Tulsi Tanti-owned Suzlon Energy has announced that two of its promoters sold 40 million shares in the company, which accounts to 2.25% of its paid-up capital.Vinod Ranchhodhbhai Hindu undivided family (HUF) and Sanman Holdings, who form a part of the promoter group, sold 2 crore shares each. With this, the promoter group's holding in the company reduced to 54.84% of the paid-up capital.According to data available on the National Stock Exchange (NSE) under the block deals, the promoters sold their shares at Rs44.7 per share, thereby rising around Rs178 crore.

Shares of Wockhardt fell by 10%

Shares of Wockhardt Ltd  fell by 10% and hit the monthly low of Rs312.50 in early trades on media reports that the Bombay High Court (HC) on Friday (March 11, 2011) admitted a winding-up petition filed by the company's foreign currency convertible bond (FCCB) holders.A group of three FCCB holders, or unsecured creditors led by Singapore-based hedge fund QVT, Sun Pharma and Syndicate Bank, had filed the petition in January 2010, according to reports. The three hold bonds worth $42 million, the reports addedWockhardt had to redeem $110 million worth of FCCBs by October last year. Though it managed to settle with several creditors, FCCBs worth about $75 million is still under dispute, as per reports. 

Indian markets bounced back after two-day losses.

Indian markets bounced back after two-day losses as crude oil prices fell on concerns of demand from quake-hit Japan. Easing out tensions in the Middle East and North Africa for the time being also gave some relief. Investors showed buying interest in index heavyweights and sectors, pushing the key indices higher despite disaster in Japan. Markets also ignored a marginal rise in inflation for the month of February 2011 to 8.31%. Oil & gas was the lead gainer today as crude oil prices are coming down. Metal gained on the prospect that after tsunami destruction in Japan, there would be a lot of infrastructural requirements and that need metal.The Sensex closed at 18439, up 265 points from its previous close, and Nifty shut shop at 5531, up 86 points.

4 Stocks For This Week

ITC Ltd,
Cmp:171.25,
Action:Buy,Hold,
Target:211.
Orchid Chemicals &Fertilizers Ltd,
Cmp:282.15,
Action:Buy,
Target:332.
Unity Infraprojects Ltd,
Cmp:56.30,
Action:Buy,
Target:112.
Apollo Tyres Ltd,
Cmp:66.20,
Action:Buy,Hold
Target:91.

Simplex Infra tumbles on CBI raid

Simplex Infrastructures Ltd said that CBI had conducted search operations of premises of Simplex Projects at Kolkata and New Delhi on March 10, 2011. The search was in respect of the work undertaken by the company for renovation of two stadiums at New Delhi, for the purpose of Common Wealth Games and this is a part of ongoing investigation of the several common wealth game related contracts, being handled by CBI.The company has provided all necessary information and clarification to the Agency and also extended its fullest co-operation.

Global turmoil haunt markets this week

Investors turned cautious this week owing to negativity across the globe. Growing geopolitical tensions in the Middle East and North Africa pushing crude oil prices higher and political uncertainty back home weighed on the markets. Wobble in DMK and Congress relations on seat sharing ahead of elections in Tamil Nadu disturbed investors back home. Ongoing crises in Libya and protest in Saudi Arabia revived fears of further unrest in the world's top exporter. Adding to the negative tone, a ratings agency's downgrade of Spain reignited euro-zone debt concerns, and disappointing economic data from China and the United States heightened global growth worries. Already worried investors got a further jolt on Friday after a massive earthquake and tsunami in Japan, rattling world stocks. The Indian markets fell in three out of five sessions of the week.

The Sensex swung in a broad range of around 525 points between a high of 18583 and a low of 18059 and closed the week at 18174, down by 312 points or 1.69%. The Nifty swung 155 points during the week and closed at 5445, down 93 points or 1.68%.

Weakness may persist

The ongoing crisis in Libya was not enough to disturb the world indices. Reports of police firing on protesters in Saudi Arabia revived fears of further unrest in the world's top exporter. Adding to the negative tone, a ratings agency's downgrade of Spain reignited euro-zone debt concerns, and disappointing economic data from China and the United States heightened global growth worries. Global weakness may continue to haunt the Indian markets in trade today. The start is expected to be weak owing to slew of negative news across the globe. Oil prices will continue to be a major concern in the markets.

Cadila Health Care

Cadila Health Care Ltd,

Cmp:767.25,

Action:Buy,

Target:861.

Why CADILA....?

Markets snap two-day rise on crude concerns

Escalating tensions in the Middle East have pushed crude oil prices higher, which have dampened sentiments across the world. Investors turned cautious and booked profits owing to global weakness. Markets traded in a narrow range with a negative bias. Rising crude oil prices raised concerns of inflation and rate hike; which further put pressure on the markets. The Nifty closed below the 5500 mark. It was a dull day for the markets with no respite till the close.Weak global cues dragged the Sensex lower by 39 points at 18431 in the opening trade. The index extended losses to hit the day’s low of 18261 in early trade. The Sensex remained rangebound and hit the day’s high of 18431 in afternoon session. Finally, the Sensex closed at 18328, down by 142 points and the Nifty fell 37 points to settle at 5494.

Markets today

The markets gained significantly on the news that crisis in Libya would end soon and OPEC also assured that they would increase production. The news that fertilizer subsidy would be given directly also gave a boost to the markets. The Sensex closed at 18439, up 216 points from its previous close, and Nifty shut shop at 5520, up 57 points.

Markets decline 3% in February

Bears again took control over the Indian markets in February 2011. Unrest in Egypt over resignation of President Hosni Mubarak, concerns of political instability over the 2G spectrum scandal coupled with violence in Libya leading to a rise in crude oil prices disrupted the investor sentiment. Crude oil prices touched the 30-month high level on unrest in Libya while 2G scam also created havoc after former telecom minister A Raja alongwith his private secretaries and DB Realty’s Managing Director Shahid Balwa were arrested by the Central Bureau of Investigation. Foreign institutional investors (FIIs), the key drivers of Indian markets, reduced their exposure owing to such tensions leading to a further decline in markets. India’s index of industrial production (IIP) data fell to 1.6% for the month of December 2010 as compared to 2.7% seen in previous month also weighed on the markets.

Why Markets Down Today?

The markets closed flat today after volatile session as a result of high crude prices. Banking, auto and IT gained moderately while capital goods was among the prime losers in today's trade.The Sensex closed at 18486, down 3 points from its previous close, and Nifty shut shop at 5538, up 2 points.

Tips for Tomorrow

Patel airtemp (India)Ltd,
Cmp:70,
Action:Buy,
Target:106.00.
Andhra bank Ltd,
Cmp:142.20,
Action:Buy,
Target:151.
Suzlon Energy Ltd,
Cmp:48.40,
Action:Buy on Dips
IDBI Bank Ltd,
Cmp:138.35,
Action:Buy,
Target:142.

Markets today

It was a highly volatile trade, with the markets witnessing huge swings during the day. Investors reacted to the developments in Libya. The markets showed sharp recovery in afternoon trade after the news that Libyan leader Muammar Gaddafi accepted peace plan to end crisis in North African country. But again there were reports from agencies that fresh air strike has hit Brega oil terminal in East Libya, which dragged markets lower. So there was no confirmation on any news from Libya side. However, another bounce back in the last hour of trade led the markets to close with modest gains.The Sensex rose 43 points to close at 18490 and the Nifty settled at 5536, up by 14 points.

What experts says?

Sangeeta Purushottam, Market Analyst.Says,
ITC could outperform more because the key concern is out of the way and the stock has underperformed offlate. So it is possible that it could go up some more.
The company's trailing 12-month (TTM) EPS was at Rs 6.13 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 28.30. The latest book value of the company is Rs 18.15 per share. At current value, the price-to-book value of the company was 9.56. The dividend yield of the company was 5.77%.

What experts says on Budget?

Ajay Srivastava, CEO, Dimensions Consulting says,
''There maybe euphoria and we may feel nice about the 4.6% deficit, which is good but the intrinsic issues remain as they were before the budget. Nothing tells us that the market has a major trigger to go up,infrastructure will suffer much more because the budget has gone through now and we don’t see anything major happening in the next three-six months''

ExpertsView On Budget

Sandeep Bhatia, Kotak Institutional Equities says,
It is very difficult to pin out any big sectoral impacts, since there have been no major tax changes,  “It is very difficult to point out any big positive or negative,I would think that markets should trade lower, at least during the next three-four months,”

What experts says?

Saurabh Mukherjea, equities head, Ambit Capital,
“There wasn’t much in the Budget for us to change our view that there could be another 10-15 % correction in the Sensex over the next three months,”stocks of companies in consumer goods and durables, tobacco and paint sectors, which are less likely to be impacted by rising prices and would benefit from the government’s rural spending." My preferred stock picks are in media and entertainment, power generation and distribution and construction sectors".
Nandkumar Surti, chief investment officer , JP Morgan Asset Management India,
equities would continue to be exposed to external challenges such as the US growth and rising oil prices.
Kehair,Wealth manager, ICICI Securities,Most wealth and fund managers recommend locking money in shortterm mutual fund debt products, such as fixed maturity plans, to benefit from higher interest rates. “Investors can park lumpsum money in fixed income schemes of shorter tenure and avoid long-term bonds. But, if oil prices fall, long-term bonds may appear attractive,  

Stocks to Watch On Tomorrow

Marico Ltd,
Cpm:118.55,
Action:Buy,
Target:140.
Amtek auto Ltd,
Cpm:111.85,
Action:Buy,
Target:161.
Punj Lloyd Ltd,
Cpm:59.95,
Action:hold,
Target:91

Impact of union budget:Sensex up

Union Budget 2011-2012 appeared to be a complete game changer for the Indian markets. Stupendous rally was seen post budget with investor sentiment upbeat. However, the macro-economic concerns and soaring crude oil prices led the markets to trim gains at the close. The Sensex touched the 18000 mark and the Nifty hit 5400 levels during the day. Overall, the markets cheered the Union Budget.The Sensex surged 122 points to settle at 17823 and the Nifty closed at 5333, up by 30 points.

Stocks To Watch Tomorrow

ITC Ltd,
Cpm:156.15,
Action:Buy,
Target:207.
Chambal Fertilizers & Chemicals Ltd,
Cmp:68.50,
Action:Buy,
Target:79.
Apollo Tyres Ltd,
Cmp:54.00,
Action:Buy,Hold.
Target:91

SEBI yesterday barred six market intermediaries from trading in securities for allegedly carrying out manipulations in various IPO issues and also slapped a penalty of Rs 36.09 crore.

"Roopalben N Panchal, Devangi Panchal, Dipak Jashvantlal Panchal, Hina Bhargav Panchal, Bhargav Ranchhodlal Panchal and Arjav Nareshbhai Panchal shall not buy, sell or deal in the securities...for three months," the Securities and Exchange Board of India (SEBI) said in its final order.

In case the amount are not received by SEBI within 45 days, these persons would be restrained from buying, selling or dealing in securities market for a further period of nine years.

Why Markets Down Today?

The domestic markets posted losses this week on account of turmoil in Middle East and North Africa, which disturbed the indices across the globe. Violence in Libya led to a sharp surge in crude oil prices to a 30-month high level, which spooked the investor sentiments. Worries over rising crude oil prices that it would impact the economic growth led to a massive sell-off across the globe. India imports its 80% crude need and rising crude oil prices will affect its import bill and widen foreign deficit. Growing fears that unrest in Libya could spread to other top oil producers in the region and cut more output led to panic among the investors.During the week, the Sensex and the Nifty breached their crucial levels of 18000 and 5400 respectively. The Sensex swung 988 points and the Nifty 294 points during the week. To close the week, the Sensex shut at 17701, lower by 511 points or 2.80%, while the Nifty settled at 5304, down by 155 points or 2.85%. The indices fell in three out of five sessions of this week.

News On Stocks:Woolmer

Woolite Mercantile Company announced that it has acquired 100,000 equity shares of Rs10 each of Prism Medical & Pharmacy (P), with a total investment of Rs10 lakh.Consequent upon, said acquisition the Prism Medical & Pharmacy (P), will become the subsidiary of the company with an equity stake of 90.91%.The company said Prism Medical & Pharmacy (P) is engaged in the business of retail pharmacy business

Markets may bounce back

The Indian markets were butchered in the previous session, drifting to multi-month low levels with highest ever volumes recorded in the history. Till now in this week, the Sensex and the Nifty slipped by 580 points (3.18%) and 196 points (3.59%) respectively.Going into today's trade, the domestic markets may bounce back at the start tracking positive Asian markets. Some relief after cooling of oil prices may lift the market sentiments.It will be an action-packed session as the Railway Budget and the Economic Survey will be presented to the Lower House today; this will keep the rail stocks in focus. Investors may remain on the sidelines ahead of the Rail Budget

Punj Lloyd

The shares of Punj Lloyd lost by 6%, hitting the 52-week low of Rs60.10, on continued concerns of political instability in Libya. Till now, over 34.12 lakh shares have traded on the BSE as against the two-week average volume of 27.70 lakh shares.According to reports, Punj Lloyd has large operations in Libya with around 1,800 employees. Punj Lloyd has 35% of its order backlog in the Republic of Libya, which is currently facing significant political upheaval, reports suggest. But, Punj Lloyd's Chairman, Atul Punj was quoted by the media as saying that the company's projects are in regions where there are few issues. The main problem is in Benghazi where Punj Lloyd does not have any project.

Why Indian Markets falls?

Libya unrest continued to haunt the markets leading to a spike in crude oil prices to $102 per barrel, up more than 7.5% to its highest since August 2008. Crude oil is far more important to the economy and a surge in its prices will impact the country's growth leading to a rise in inflation. Jittery investors continued with its selling spree on the day of February F&O derivatives contracts expiry, making the situation more worse in trade today. Persisting geopolitical tensions, further rise in crude prices and rollover pressures led the Sensex to fall below the 18000 mark and the Nifty below the 5300 mark. Markets recorded an all-time high turnover today.The Sensex crashed 546 points to close at 17632 and the Nifty tumbled 175 points to settle at 5263.

Balrampur Chini Mills yesterday said its board has approved buying back of equity shares at a price not exceeding Rs 85 apiece."The buyback would be at a price not exceeding Rs 85 per share payable in cash, for an amount up to Rs 110 crore out of free reserves by way of purchase from open market through the stock exchanges," the company said in a filing to the Bombay Stock Exchange.Shares of the company today closed at Rs 74, down by one per cent at the Bombay Stock Exchange.The country''s second largest sugar company had reported a dip of 69 per cent in its net profit to Rs 23.37 crore for the quarter ended December 31, 2010

Castrol India FY10 net profit up 29% yoy

The net profit of the company rose by 31.06% to Rs105.90 crore for the quarter ended December 31, 2010 as compared to Rs80.80 crore for the quarter ended December 31, 2009.Total income increased by 14.83% to Rs706.80 crore for the quarter ended December 31, 2010 from Rs615.50 crore for the quarter ended December 31, 2009

Stocks To Watch Today

Chambal Fertilizers & Chemicals Ltd,
Cmp:73.50,
Action:Buy,
Target:79.
Jaiprakash Associates Ltd,
Cmp:85.65,
Action:Buy,
Target:95.
Greaves Cotton Ltd,
Cmp:89.00,
Action:Buy,Hold,
Target:100.
Shree Ashtavinayak Cine Visions Ltd,
Cmp:6.90,
Action:Buy,
Target:25.

What experts says about banking sector?

 J V Capital Services,

You have got to look at banking again. There are a lot of headwinds. There are a lot of worries on inflation, higher interest rates, effect on their margins but the sector as a whole, valuation wise, is pretty reasonable. Some of the private sector banks are obviously trading at a higher premium to the PSU banks but with all these scams, it is very unlikely you are going to get some significant kind, hopefully you are not going to get any further significant scam in the banking space. That way, it is relatively insulated from that viewpoint.So this is one sector, which might be rocky over the next 3-6 months but on any significant correction, you go and you buy. You have seen the State Bank at 2500-2600 levels, it has given you a 10% upside pretty fast. So you can obviously take some profits out. So that’s one sector on which we remained quite bullish on and we feel over the next one year, there will be decent returns.

What experts says?

 ASHWANI GUJRAL,chief Market Strategist,Ashwani Gujral.Com,

Auto stocks best bought before budget,Till the budget, the sector will remain under pressure. But what we have seen in previous budgets is that if the worst does not happen, these stocks tend to have pretty sharp rallies. So the downside will get captured before the budget and probably at those levels, longer term investors can get in. From there they might be able to get at least a trading rally if nothing else. So these stocks are best bought before the budget, one day before or say the same day before its announced.

Why Markets Down Today?

Turmoil in Middle East and North Africa rattled the indices across the globe and also led to spike in commodities. Owing to such tensions, the Indian markets remained under pressure and closed the volatile session on a weak note. Investor sentiments were impacted looking at the global fall, leading to heavy selling with the Nifty closing below the 5500 mark. Crude oil prices rising 9% to above $94 a barrel on the New York Mercantile Exchange was also a major concern. However, index heavyweight Reliance Industries, which surged after signing a $7.2 billion deal with BP, provided much needed to the markets.The Sensex closed at 18296, down by 142 points and the Nifty stood at 5469, lower by 49 points.

The Indian markets traded in a tight range all throughout the day and closed the session on a subdued note. Investors remained on the sidelines, which led to a lacklustre trade amid volatility. The Nifty touched the 5500 mark during the day and closed the session below that level. Realty, metal and consumer durables stocks led the upmove while healthcare, auto and PSU stocks were under pressure. Broader markets outperformed the Sensex, with Mid-cap and Small-cap indices rising by 0.53% and 1.01% respectively.The Sensex shut shop 27 points higher at 18301 and the Nifty remained almost unchanged at 5482.
Stocks to watch Tomorrow,
Genus power Infrastructure Ltd,
Cmp:17.85,
Action:Buy,
Target:27.00.
Elecon Engineering Co Ltd,
Cpm:73.70
Action:Buy,
Target:96.00.
Surya Roshni Ltd,
Cmp:108.40,
Action:Buy,
Target:135.

Videocon net profit rises 23%

Net profit of the company rose 23.31% to Rs162.36 crore for the quarter ended December 31, 2010 as against Rs131.67 crore for the quarter ended December 31, 2009.Sales rose 12.28% to Rs3,151.17 crore for the quarter ended December 31, 2010 as against Rs2,806.56 crore for the quarter ended December 31, 2009.

For the unaudited full year, net profit reported to Rs757.29 crore for the year ended December 31, 2010. Sales reported to Rs14,677.67 crore for the year ended December 31, 2010.The company has extended the current accounting year by 3 months and the values given for the current full year ended December 2010 is for a period of 15 months. Hence, the full year is not comparable.

Phillips Carbon inks with ICICI Bank, stk up 16%

The shares of Phillips Carbon Black rose by 16%, hitting the weekly high of Rs152, on reports the company has tied up debt of $900 million from ICICI Bank for its planned bid for the carbon black business of Evonik Industries. So far, over 2.05 lakh shares have traded on the BSE as against the two-week average volume of 1.33 lakh shares

The Indian markets are heading for a quiet start as the overseas cues do not look supportive

Unitech slides 5% on poor Q3 results

Unitech dips over 5% to hit the day's low of Rs34.15 after the company's consolidated net profit down 37% in Q3FY11Unitech declined over 5% in early trade to hit the day's low of Rs34.15 after the company reported poor Q3 numbers. So far, over 31.61 lakh shares have traded on the BSE as against the two-week average volume of 102.79 lakh shares

The domestic indices ended a choppy session with modest gains to extend their winning streak that has lasted for three days now. The market remained volatile and swung wildly like a pendulum throughout the day. During the day’s session, the Nifty regained the 5500 level but it could not hold on to that level and ended the day below 5500. At the finishing line, the Sensex closed at 18270, higher by 72 points, whereas the Nifty shut shop at 5481, higher by 25 points.The benchmark indices were well supported by the heavyweights like Reliance Industries, Oil & Natural Gas Corporation, State Bank of India, ICICI Bank and National Thermal Power Corporation all of which gained 2-3% each.

Markets celebrates Valentines day

It was a lovely day on the Dalal Street, with the key benchmark indices climbing higher all throughout the day. The markets carried the Friday’s rally in today’s trade with strong support from the global frontiers owing to easing concerns in Egypt. The Nifty closed above the 5400 mark for the first time in the last eight sessions on account of buying in all sectors. The Sensex too closed above the 18000 mark. A marginal dip in inflation for the month of January 2011 to 8.23% versus 8.43% seen in the month of December 2010 also boosted sentiments. It was a solid session as the markets gained the most in nine months.

Asian stocks rose on Monday as investors greeted news of Egyptian President Hosni Mubarak's resignation with relief, while U.S. crude steadied near $85.50 after falling to 10-week lows as geopolitical tensions eased for now.Source:Reuters

Experts Advice On Markets(Auto Stocks)

Dipan Mehta,Member BSE/NSE,
“The auto companies have delivered spectacular performance over the past 2-3 years and across the board quite attractive whether it’s two wheeler or four wheelers or the commercial vehicles depending upon where the comfort level is, I think investors could go for either or all of these shares. Personally I think we like M&M at this point of time. Usual caveat that we have recommendations, we feel that it is attractively valued and apart from a play on automobiles its also a very good play on the agriculture considering that a lot of their revenues come from rural areas and we have all seen the GDP growth rates and how agriculture is shaping up quite well and kind of consumer effect happening over there is quite phenomenalHe further added, “So we do fell M&M has a bit of an edge over some of its other peer group companies in the auto sector. If you take into account all the various subsidiaries and their valuations then this stock is really at quite attractive levels. We do feel that balance sheet quality has improved significantly. No risk of any large acquisition which they have done in the past or may do so in future. So there is some degree of stability and visibility within the stock. If I had to pick one company then that is the one that comes to my mind. But all the other companies be it Tata Motors, Ashok Leyland, Bajaj Auto, TVS Motor or Hero Honda are attractive investment opportunities at this point in time."Source:CNBC-TV18.

The Indian markets posted losses for the third consecutive week owing to worries over inflation, rising interest rates coupled with series of scams and FII outflows.During the week, the Nifty slipped below 5200 levels, however managed to close above that mark. The Sensex swung 885 points and the Nifty 263 points during the week. To close the week, the Sensex settled at 17729, lower by 280 points or 1.55% and the Nifty at 5310, down by 86 points or 1.59%.
Stocks To Watch Today,
ITC Ltd,
Cpm:155.25,
Action:Buy,Hold
Target:190.
Gujarat State Petronet Ltd,
Cmp:94.25,
Action:Buy,
Target:110.
PTC India Ltd,
Cpm:87.95,
Action:Buy,Hold,
Target:105.
Madras Cements Ltd,
Cmp:94.10,
Action:Buy,
Target:140.

Piramal Health Q3 Results

The net profit of the company stood at Rs92.02 crore for the quarter ended December 31, 2010 where as the same was at Rs138.28 crore for the quarter ended December 31, 2009.Total income came in at Rs363.89 crore for the quarter ended December 31, 2010 where as the same was at Rs731.96 million for the quarter ended December 31, 2009.

HPCL Q3 net profit up nearly 7-times

The net profit of the HPCL  company rose nearly seven-times (572.07%) to Rs211.03 crore for the quarter ended December 31, 2010 as compared to Rs31.40 crore for the quarter ended December 31, 2009.The total income increased by 21.71% to Rs34,200.88 crore for the quarter ended December 31, 2010 from Rs28,099.24 crore for the quarter ended December 31, 2009.

What experts says?

It is not the right time to invest in real estate sector and if you are holding the stocks, sell on rally, says Puneet Kinra of Bonanza Portfolio on CNBC Awaaz.

The markets declined moderately yesterday and it was large cap stocks that were primarily under selling pressure. The stocks of ADAG group performed well yesterday and they played important role in stopping the slide of the markets.

Stocks to watch today,

Bajaj Hindustan Ltd,

Cmp:70.85,

Action:Buy,

Target:87.

Lanco Infratech Ltd,

Cmp:39.80,

Action:Buy,

Target:52.

JP Associates Ltd,

Cmp:76.15,

Action:sell,

Sterlite Technologies,bags order.Stock up 6%

Sterlite Technologies, a provider of transmission solutions for the power and telecom industries, announced that it has won its third contract for development of India’s transmission systems. The company’s wholly owned subsidiary has been selected to strengthen the transmission grid in the western region on ‘build, own, operate and maintain’ (BOOM) basis

Madras Cements Q3 net profit up 172% yoy

Madras Cements delivered impressive performance in Q3FY2011 with net profit increased by 172% YoY to Rs43.5 croreThe net sales remained flat on YoY to Rs579.2 crore. The net sales also include revenue of Rs12.6 crore from windmill division.The operating profit margin (OPM) for the quarter expanded by 7 percentage points YoY to 25.6%. The margin expansion is on account of surge in the realisation

Free-fall continues on Dalal Street owing to lot of scams and other issues that have been coming forth. The Nifty broke the 5300 mark while Sensex closing 183 points down which it managed to hold in yesterday’s trade. Markets saw heavy fall in the last one hour of trade as selling pressure intensified coupled with massive fall in ADAG stocks. The key benchmark indices hit fresh seven-month lows amid volatility.

Stocks to watch tomorrow, 

Shree renuka sugars Ltd,

Cmp:87.55,

Action:Buy,

Target:95.
Ambuja cements Ltd,
Cmp:118.65
Action:Buy,
Target:125.
Power grid Corporation India Ltd, 
Cmp:95.75
Action:Buy,Hold
Target:110

Again it turned to be a bad day for markets after a one-day rally in the previous session. Continuous selling pressure across the broader markets and also in index heavyweights dragged the Sensex below the 18000 mark. The Nifty, which went above 5400 levels during the day, was unable to hold that mark at the close.

Stocks to watch today,

Balrampur chini mills Ltd,

Cmp:69.35,

Action:Buy,

Target:85.

Nagarjuna Fertilizers & Chemicals Ltd,

Cmp:27.65,

Action:Buy,Hold

Target:35.

Tvs Motor Company Ltd,

Cmp:46.45,

Action:Hold,
Target:60.
Taj Gvk Hotels  & Resorts Ltd,
Cmp:110.05,
Action:Buy,
Target:180,
Period:1 Year

Sun tv hikes ad rates

Sun TV Network has informed the Bombay Stock Exchange that it is increasing advertisement rates by 8-32%. The new rates will be effective April 1, 2011. Sun TV is increasing rates on the back of sustained viewership and consistent ratings for its serials.The advertisement rates have also been increased across the board for other Tamil channels - KTV, Sun Music, Sun News, Chutti and Adhitya. The slot fees (broadcast fees) received from the content producers will also be increased, accordingly. The increase in the advertisement rates for the other language channels like Gemini, Udaya, Surya and so on will also be announced shortly.

Sintex

Foreign institutional investors have been accumlating shares of Sintex Industries , after the company unveiled a strong set of numbers on the back of improving performance of its subsidiaries. On Monday, the stock surged over 4% to . 154.45 backed by higher than its twoweek volumes. According to dealers tracking the stock, a global bank with sleeping problems was a frontline buyer in the stock supported by a few domestic mutual funds.Source:ET

Sun Tv

Institutions dumped shares of Sun TV on reports of the company’s alleged links with various DMK leaders named in the 2G-spectrum scam. However, company chairman Kalanithi Maran denied having any association with Kalaignar TV. Sun TV shares ended 11.4% lower at . 411 on the BSE on Monday.Source:ET

GMR Infrastructure to announce Q3 results

The board meeting of GMR Infrastructure will be held on 09 February 2011 to consider and approve the un-audited financial results (consolidated and standalone) of the company for the quarter ended 31 December 2010 (Q3).

It was a sedate start to the week. The key benchmark indices witnessed a rangebound trade amid volatility and closed on a flat note with a positive bias. Lack of conviction among investors led to quiet session. Select buying by funds and also late profit booking eroded early gains. The broader market underperformed the Sensex. 

Stocks to Watch Tomorrow,

Ptc India Ltd,

Cmp:95.25,

Action:Buy,

Target:105.

Apollo Tyres Ltd,

Cmp:52.40,

Action:Buy,

Target:91.

Power Grid Corporation Of India Ltd,

Cmp:97.85,

Action:Buy,

Target:120.

Suven Life Sciences Ltd,

Cmp:18.90,

Action:Buy,

Target:35.

Markets continued its southward journey for the second straight week with rising inflation worries alongwith political uncertainties dragging Nifty to its 6-month low.Markets had yet another disastrous week as uncertainities made investors chose exit door.Egypt crisis,rising inflation,2g scam and technical weakness across the board made Indian indices emerge as the worst global performer this year.

Why Markets Down Today?

The BSE Sensex dropped more than 1 percent today on lingering concerns the unrest in Egypt could spread to other parts of the Middle East and scare more investors away from emerging markets.Concerns about rising world oil prices, which could add to domestic inflation pressures and possibly more monetary tightening, also hastened selling.Source:Reuters

What experts says?

Rohit Shinde of Nimbus Wealth Management says,Stay out of the markets until it goes up.5800 is an important level for the Nifty as the index has resistance at that level but that level is too far as of now.Source:CNBC Awaaz.

Ashu madan of Religare securities says,avoid real estates stocks. More than fundamentals, the screen shows a lot of weakness in stocks across the board, which is quite worrisome, so I would not be a courageous trader or investor to get into this. 

Mithesh Thacker,Mithesh thacker.com says,that there might be accumulation at100-200 point movements. “But the important thing is that we should not break 5400 to 5370. If that is broken then this entire work would be undone and we might see selling continue,"

Stocks To Watch Tomorrow

Electrosteel Castings Ltd,

Cmp:35.05,

Action:Buy,

Target:NA,

Source:Sharekhan.

Alembic Ltd,

Cmp:68.95,

Action:Buy,

Target:92,

Source:Angel Broking.

Emco Ltd,

Cmp:65.50,

Action:Buy,

Target:97,

Source:K R Choksey.

Transport corporation of India,

Cmp:113.85,

Action:Buy,

Target:135,

Source:Asit c. Mehta.

JP Associates Q3 net profit jump 126% yoy

Jaiprakash Associates announced the following Unaudited results for the quarter ended December 31, 2010
The net profit of the company rosé by 125.84% to Rs232.66 crore for the quarter ended December 31, 2010 as compared to Rs103.02 crore for the quarter ended December 31, 2009.
Total income decreased by 0.50% to Rs2952.55 crore for the quarter ended December 31, 2010 from Rs2967.68 crore for the quarter ended December 31, 2009.
Further, the board of directors has also approved the interim dividend of Rs0.40 per equity share for the financial year 2010-11.
Cmp:87.45

What experts says? Never ignore the unpopular stocks

Rakesh jhunjhunwala says,"Never in my life have I not made an investment because the stock is not popular. In fact I like to make the investment when the stock is not popular."don’t try to be an expert or predict every move, every hour, every day. Take a loss, know what to stake. I think I feel confident to trade anywhere in the world or what you need to have is a broad direction of the trend and very broad ideas. Don’t try to be an expert in it, know what to stake and when to take a loss.Source:CNBC-TV18

Mirza International net profit rises 86.73%

Net profit of Mirza International rose 86.73% to Rs 10.55 crore in the quarter ended December 2010 as against Rs 5.65 crore during the previous quarter ended December 2009. Sales rose 37.43% to Rs 125.09 crore in the quarter ended December 2010 as against Rs 91.02 crore during the previous quarter ended December 2009.
Cmp:22.00

Shriram City Union Finance net profit rises 44.69%

Net profit of Shriram City Union Finance rose 44.69% to Rs 58.67 crore in the quarter ended December 2010 as against Rs 40.55 crore during the previous quarter ended December 2009. Sales rose 39.09% to Rs 341.95 crore in the quarter ended December 2010 as against Rs 245.84 crore during the previous quarter ended December 2009.

Cmp:530

RS Software net profit rose 416.10%

Net profit of R S Software India rose 416.10% to Rs 6.09 crore in the quarter ended December 2010 as against Rs 1.18 crore during the previous quarter ended December 2009. Sales rose 25.17% to Rs 47.34 crore in the quarter ended December 2010 as against Rs 37.82 crore during the previous quarter ended December 2009.
Cmp:38.45

Sensex down 288 points

The Indian markets were butchered owing to relentless selling in all the sectors and also bleeding in heavyweights like Reliance Industries, HDFC and L&T. Foreign money outflow could be another reason that sent the Nifty to break 5500-mark yesterday for the first time since September 06, 2010. Negative European markets also spooked sentiments. Broader indices were badly hit as compared to benchmarks this week.

Results Today

ONGC, Bank of Baroda, Uco Bank will declare quarterly results.

Weak Asian cues to drag markets lower at start

The Indian indices are expected to open on a negative note on account of weak Asian cues.

Stocks To Watch Tomorrow

The markets took sharp cuts today and not a single sector was spared from the beating.The weakness was accentuated by the F&O expiry as traders seemed to rollover their short positions to the next month’s series amid persistent uncertainty over the near-term prospects for the Indian markets.

Stocks to watch tomorrow,

Dish Tv India Ltd,

Cmp:61.50,

Action:Buy,

Target:70,

Source:P K Agarwal,purpleline investment on CNBC AWAZ.

Deepak Fertilizers and petrochemicals Corporation Ltd,

Cmp:156.85,

Action:Buy,

Target:215,

Source:Sharekhan.

Vijaya bank ,

Cmp:89.85,

Action:Buy,

Target:107,

Source:Anand Rathi securities.

Essel Propack Ltd,

Cmp:51.90,

Action:Buy,

Target:58,

Source:Angel Broking.