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