SumanSpeaks: The Information Super Highway

Some more Tit-bits on Today's markets: 1. Banks, metals to shine : The RBI's decision to pay graded interest on eligible CRR balances held above the minimum three per cent is likely to buoy sentiment in banking stocks. The strong rebound in LME prices may help metal stocks. 2. The stock market is likely to witness intra-day volatility and caution may be the keyword for investors on Dalal Street. Besides the Budget, poll results in Punjab, Uttarakhand and Manipur are being awaited keenly; failure of the Congress in these elections, as predicted by various exit polls, would further push the political agenda. 3. There are hopes that the Finance Minister may give a big impetus to agriculture and infrastructure and may not bother corporates much. 4. With politics taking a lead over the economy, apprehension has already set in investors' mind on whether the Budget will be political- or reform-oriented... 5. The Railway Minister, Mr Lalu Prasad Yadav, like in the last three budge...

Japan Stocks Climb After Commodities Prices Rise; Inpex Gains By Patrick Rial, 26-02-07 Japanese stocks advanced, led by commodities related companies including Inpex Holdings Inc. and Mitsubishi Corp., after prices for raw materials including oil, gold and silver rose. Nippon Steel Corp. led gains by makers of the alloy on speculation global reorganization will continue in the industry. ``Japanese stocks should continue on a bullish track,'' said Norihiro Fujito, strategist at Mitsubishi UFJ Securities Co. in Tokyo. ``Steelmakers and other groups that could be involved in mergers and acquisitions are going to be picked up this week.'' The Nikkei 225 Stock Average advanced 84.46, or 0.5 percent, to 18,272.88 as of 9:43 a.m. in Tokyo. The broader Topix index rose 5.24, or 0.3 percent, to 1820.20. Nikko Cordial Corp. was set to gain on speculation Citigroup Inc. will increase its stake in an investment-banking joint venture. Mitsubishi Corp., which generates the second...

Some of the Positives( "Goodies") for the Following Week: The markets are expected to factor in the following "Goodies"starting from today: 1. The Finance Minister is at last able to "Cage the inflationTiger". You must be aware that the biggest worry for the markets,the inflation declined to 6.63% during the week ended February 10from 6.73% a week earlier. This is a positive indicator, that atlast the fiscal measures put by the FM is "Working". I hope theinflation to slip below sub 6 % levels by the end of this month. 2. Institutions have been net buyers to the tune of ......The FIIs have been net buyer, of Rs.99.20 Cr and Mutual Funds have been net buyers of Rs.521.62 Cr till 22-02-07. I am also getting reports that the Provisional figures for both the FIIs and Mutual Funds for 23-02-07 is slightly positive . 3. The move of Reliance Industries (RIL) to make a preferentialoffering of Rs 15,000 crore to lead promoter Mukesh Ambani has gonedown...

Higher stock prices may depend on rising oil SATURDAY, FEBRUARY 24, 2007 If you want stock markets to keep rallying, then root for higher oil prices. That may sound like the counterintuitive advice of the decade. After all, traditional economic theory holds that costlier petroleum usually spells bad news for stocks. Companies’ production costs rise, reducing profit margins. And as more spending is diverted to gassing up the family car or heating homes, consumers’ disposable income shrinks. That translates into lower sales and earnings for many companies unlucky enough to be outside the oil or gas business. True enough. Yet the massive amounts of liquidity that have propelled the prices of global stocks, real estate and contemporary art to stratospheric heights in the past four years may be altering the assumption that expensive oil is always bad for financial assets. From a low of $25.24 on April 29, 2003, the price of a barrel of West Texas Intermediate crude traded on the New York ...

Pull-back rally likely as all hopes hinge on the Budget: By Sanjay R. Bhatia The markets displayed extreme signs of weakness as the Sensex fell by close to 400 points on Black Friday, 23rd February 2007. Tentativeness and nervousness at higher levels continued to hamper the pre-budget rally, which did not materialize to the extent it should have. The Sensex failed to sustain above the 14450 level although it touched an intra-day high of 14479 and 14466 level on 19th and 20th February. Traders and speculators were active in metals, pharma, telecom, IT, realty and capital goods space. Incidentally, FIIs remained net buyers in the cash and derivative segments during the course of the week. Mutual funds were also net buyers albeit their purchases were lower. Global cues remained mixed with crude oil prices once again spiking up above the $60 level while Bank of Japan increased the interest rate by 25bps. On the other hand, Nikkei continued to rally and touched 18000 for the first time in...

Tne Major Indices nose-dive.on Pre-Budget apprehensions/Pangs and on the News of the US failing to tame Iran; Fourth straight day of losses; Book Profits in Soma Textiles Ltd: Some good news is expected from Premier Explosives: JhunjhunwalaVanaspati Ltd show rise due to due huge benefits from the recent Government's circular: All Eye on P Chidambarams's budget papers: The markets could bounce back: The market declined for the fourth straight day, as selling refused to die down. Concerns prior to the budget kept the market edgy. Market men unwinded their long positions, choosing to watch from the sidelines, cautious, ahead of the Union Budget for 2007-08. The BSE Sensex, which had slipped below the psychological 14,000 level in the opening session, fell like nine pins as selling continued unabated. The 30-shares BSE Sensex plunged 388.78 points (2.77%), to settle at 13,659.53. It had opened firm, at 14,071.27, but began declining immediately after. The benchmark index kept on ...

Soma Textiles & Industries Ltd, Jhunjhunwala Vanaspati Ltd, Tips Industries Ltd, Nagpur Power and Industries Ltd hits the buyer freeze: Sanguine Media Ltd[BSE Code-->531898] also hits the buyer freeze before cooling down a bit. Sanguine Media will benefit from the patial implementation of CAS, Superb last quarter Results, Acquisiton of M/s Rohinle Media, Coimbatore w.e.f. December 01, 2006, etc.: Rolta Ltd recommended at Rs.139 and Rs.173 also crossed both the initial targets of Rs.275 and Rs.350: There are some good news in the offing in Premier Explosives Ltd: Also keep adding /buying Vamshi Rubber Ltd for some superb gains in the days ahead : The Volatility in the markets to continue till the budget: Keep accumulating fundamentally strong strips in the Large, Mid, Small and Micro-cap counter s: Wall Street turned in a mixed performance on Thursday as Dow Ended Down 52 points or 0.41 percent, at 12,686, Nasdaq Ended Up 6.52 points or 0.26 percent, at 2,525 on Iran's ...

Soma Textiles and Industries Ltd rises from Ashes, hits 20% Buyer Freeze: Jhunjhunwala Vanaspati hits the buyer Freeze: Radhe Developers Ltd hits the buyer Freeze on early trade on rumours of Rights issue and some headway in the Nepal Government issue: Premier Explosives Ltd is available at the price of penny. The company could get the benefits from the Indo-US nuclear ties. The company is now fully focussed on defence. There are some good news in the offing in the counter : Bharat Seats Cools down a bit after buoyancy in the early morning trade: TV Channels Should stop bringing the analysts who have no Knowledge about Vishal Exports. It is not a "Penny Stock" by any yardstick. These fools whom TV Channels call analysts also said the same thing on another of my Multi-bagger--> Hazoor Media and Power Ltd: Crude Rises again, so buy Selan Exploration Technology or Alphageo: Dow Ends Down 48 at 12,738, Nasdaq Ends Up 5 at 2,518 on Continued Concern About US Inflation. The inf...

Profit booking at higher levels gives the Indices modest gains; banks rebound: Vamshi Rubber hits the buyer Freeze before cooling down a bit, due to fall in rubber prices: Yesterday's Call in some Yahoo Groups: Hindustan Zinc was up 1.05% to Rs 673 while Bharat Seats Hits the buyer Freeze :Volatility to continue: Shares from the banking sector were in demand, after suffering a sharp decline in the past few sessions following the surprise hike in the cash reserve ratio (CRR) by the Reserve Bank of India last week. The 30-shares BSE Sensex settled 47.35 points, at 14,402.90. It had opened higher, at 14,436.18, tracking the 345-point surge of Friday (16 February 2007). The BSE benchmark had surged to a fresh high of 14,479.18, and also stooped to a low of 14,372.07. After staying firm throughout the day, the market looked appeared to tire in the late-afternoon session. Profit-booking in index pivotals capped gains. The S&P CNX Nifty settled up 16.45 points, at 4,162.65. The tota...

Apollo to set up Retreading Chain; Vamshi Rubber Ltd is a Major Player in this Space and the Scrip is likely to get Re-rated: Vamshi came out with Excellent Results for Q3FY-06-07: Its Net Sales shot up from Rs.6.96 Cr to Rs.12.91 Cr: Net Profits on the other hand jumped from Rs.9.3 laksh to Rs.25.8 lakhs: C Sivadasan, proprietor of Ayyappa Tyres in Andheri, will soon find the going tough. His bread-and-butter business, tyre retreading, is getting big-time competition. As part of its ‘Tyre Plus’ strategy, Apollo Tyres, India’s second-largest tyre manufacturer, is setting up a chain of tyre re-treading centres across the country. The first of these centres, being set up with an investment of Rs 8 crore, will come up in Kundli in Haryana by May. The plant would initially be capable of re-treading 5,000 tyres a month, which would be ramped up to about 20,000 units. Initially, only commercial vehicle tyres would be retreaded at the facility. “Tyre retailing itself is a non-glamorous busi...