Thursday, March 27, 2008

Kohinoor Broadcasting Corporation Ltd, Ennore Coke Ltd, BPL Ltd, VLS Finance Ltd, K Sera Ltd, Pochiraju Industries Ltd, India Foils Ltd, KEW Industries Ltd, Avon Organics Ltd, Phoenix International Ltd. Tourism Finance Ltd etc. hit the buyer freeze after Paid Members were sent morning mail to go for the kill: Southern Online Bio-Technologies Ltd nearly hit the Buyer Freeze in the late trade. The company is doing excellently well under the stewardship of the Present Management. Recently the Company went for a Preference Issue at more than double the CMP of Rs.20.4. The scrip is gathering steam for a major Upmove: Technology stocks, Infosys Technologies Ltd, Satyam Computers Ltd, Patni Computers Ltd etc. fell flat on the nose, after profit booking was advised in today's morning Pre-market Newsletter, to the Paid members. But why sudden change in the stand?? Ask the Premium(Paid) Members. On Monday, if you rememer, Paid members were asked to go for the IT and Banking counters: Today my earlier recommended real estate stocks, Orbit Corporation Ltd, Unitech Ltd, DLF Ltd, Parsvnath Ltd, Gayatri Projects Ltd, CHD Developers Ltd, etc. did well: What is to be noted is that Tantia Construction Ltd rose more than 6% today, clocking huge volumes. I am looking at at price of Rs.150 plus in the next 2 months: What should be the Roadway from here?? Should buying be done in huge lots from now onwards? Why are Kohinoor Broadcasting Corporation Ltd, Premier Explosives Ld and Ennore Coke Ltd expected to hit some more upper freezes from here, going forward?? How are the markets looking for the April and May?? What is P Chidambaram expected to do in the days to come??? Is a rate cut in the offing??? Will the Indian Markets be de-coupled from the US going forward?? All these to the Paid Members:
The key indices ended the highly volatile session on a mixed note. The Nifty gained even as the Sensex declined. The imminent expiry of March 2008 derivatives contracts caused volatility. Firm European markets aided recovery from lower level. In Europe, key indices in UK, France and Germany were up by 0.86% to 1.38%. IT and banking shares fell sharply whereas. FMCG and realty stocks bucked the weak trend. Gains in mid-cap and small-cap stocks led to positive market breadth. Most of the Asian indices slipped today on worries that there will be more bank write-downs in the US after a prominent analyst lowered first-quarter profit forecasts for four major US banks namely -- Citigroup, Bank of America Corporation, JPMorgan Chase & Co, and Wachovia Corp. Key indices in China, Japan, South Korea, Singapore, and Taiwan were down by 0.20% to 5.42%. However, Hong Kong's Hang Seng was up 0.21%. As per provisional closing, the 30-share BSE Sensex was down 36.45 points or 0.23% at 16,050.38. Sensex rose 24.61 points at the day's high of 16,111.44 in mid-afternoon trade. The index lost 217.74 points at session's low of 15,869.09, hit in early afternoon trade. The broader CNX S&P Nifty was up 10.60 points or 0.22% at 4839.45. The BSE Mid-cap index was up 0.07% at 6,275.21. The BSE small-cap index was up 1.03% at 7,515.58. The market breadth was positive. On BSE, 1468 stocks advanced, 1245 declined and 58 stocks were unchanged. BSE clocked a turnover of Rs 6343 crore as against Rs 6,137.44 on Wednesday, 26 March 2008. India's largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) fell 1.03% to Rs 2275. India's largest commercial vehicles maker by sales Tata Motors slipped 3.56% to Rs 655.20 on concerns that its borrowing cost may go up due to funding of the acquisition, which in the short term would impact the net profit of the company. The American depository receipt (ADR) of Tata Motors fell 7% on Wednesday, 26 March 2008 on the New York Stock Exchange after the deal was announced. Top Sensex gainers were, Hindalco Industries (up 6.61% at Rs 172.50), Hindustan Unilever (up 4.10% at Rs 244), Cipla (up 2.89% at Rs 211.60), Bharti Airtel (up 2.68% at Rs 824.65) and ITC (up 2.54% at Rs 200.05). Top Sensex losers were, Satyam Computer (down 4.35% at Rs 395.05), State Bank of India (down 3.69% at Rs 1650.45), Infosys Technologies (down 3.66% at Rs 1440.80), TCS (down 2.97% at Rs 853.15), and Ranbaxy Laboratories (down 2.78% at Rs 435.65). Hindustan Zinc fell 2.10% to Rs 523.95 after the company said it had cut its zinc prices by 4.6% or Rs 5,200 a tonnes to Rs 1.07 lakh per tonne with immediate effect. State-run power utility Power Grid Corporation of India rose 1.13% to Rs 98.50 on reports that the company may win a Sri Lankan sub-sea cable order worth Rs 2500 crore. Shipping firm Great Offshore slipped 1.65% to Rs 614.75 after the company said it has sold its vessel - Malaviya Nine, a 1983 built anchor handling tug - supply vessel. Power sector financer Power Finance Corporation gained 2.03% to Rs 166 after the company said it has signed a memorandum of understanding with RITES to combine its resources and expertise to facilitate import of coal from African countries. Valecha Engineering, which is primarily into road construction business, jumped 5.23% to Rs 175.95 after the company said it has bagged new projects worth Rs 250 crore which includes road works at Pune, Delhi airport express line work and piling projects. Chemicals maker J B Chemicals & Pharmaceuticals surged 20% to Rs 44.80 after the company scheduled a meeting of the board of directors on 8 April 2008 to consider buyback of equity shares. Software firm i-flex Solutions declined 3.02% to Rs 953.75 even as the company said Lien Viet Bank, Vietnam has selected Flexcube, i-flex’s core banking solution for its banking operations. Jewellery maker Rajesh Exports jumped 2.92% to Rs 72.35 after the company clarified that it has not suffered any losses in any type of currency options, commodity trading or any other speculative business. Brokerage firm Prime Securities slumped 5% to Rs 87.95 after the firm said it incurred a loss of about Rs 3 crore in the futures and options segment and had made a provision of Rs 23 crore for 2007/08 towards depletion in value of securities. The comapny expects profit before tax for the current year to be Rs 27 crore after the write-off of investment, it said in a statement. US markets declined yesterday, 26 March 2008 due to poor economic data. US Treasury Secretary, Henry Paulson said that there is a need to strengthen & clarify rules governing the financial sector. The Dow Jones industrial average slipped 109.74, or 0.88%, to 12,422.86. The Standard & Poor's 500 index declined 11.86 points, or 0.88%, to 1,341.13, while the Nasdaq Composite index shed 16.69 points, or 0.71%, to 2,324.36. [From Internet]

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