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.