WINNING STROKES: THINK DIFFERENT:
Another of my earlier recommendation, Kernex Micro Systems Ltd hit the buyer freeze before cooling down a bit. The stock hit the circuits when there was a railway accident. Is there a correlation between the two.
My earlier recommended Garnet Construction, Associated Alcohol and CHD Developers Ltd hit the buyer freeze. While ABC India Ltd which was recommended aggressively a couple of years back, at Rs.32-33-39, touched Rs.145.40 as it hit the upper freeze. Hence you multiply your wealth by more than 4 times in just 2 years--isn't it amazing for long term investors??
Silverline Animation Ltd also hit the buyer freeze. This is a slap on the face of those persons who wrongly were accusing me that I recommended Silverline Tech at Rs.120. In fact Silverline Technologies Ltd after my recommendation around Rs.4.5-Rs.6-Rs.9-Rs.15, got re-listed on BSE on 6th December, 2007 (Do you remember, the Historical significance of this date) after its trading was suspended from November 13, 2007 in order to give effect to the reduction of capital and de-merger of its animation division. The Rs.10-stock on 6th December, 2007, shot up to Rs.220 and finally closed at Rs.160.50, marking a 1,141 per cent gain over the last closing price of Rs.13 on the exchange. About 33-lakh shares changed hands..
It is to be noted that the shareholders got 4 (four) shares of Silverline Animation Technologies, for every 100 shares held in Silverline Technologies--so this is an additional benefit which the shareholders got, after my recommendation of the scrip at the price of water--but look how some investors made laughable stories out of it to pooh phoo my work, instead of appreciating my recommendation of Silverline Technologies Ltd at such a low price. There are some vested interest groups working against me (from the time), since long time for the reasons best known to all..and I know how to reply them with their own poison or I have been doing this since a long time.
Moreover, if a person does not know when to sell a scrip and when to buy--how much can an analyst spoon-feed him.....Now you know who is spreading canards against me.....people can go to any length to spread their business and jealousy or mental uneasiness from the success of others has no cure...!!
It is to be noted that the shareholders got 4 (four) shares of Silverline Animation Technologies, for every 100 shares held in Silverline Technologies--so this is an additional benefit which the shareholders got, after my recommendation of the scrip at the price of water--but look how some investors made laughable stories out of it to pooh phoo my work, instead of appreciating my recommendation of Silverline Technologies Ltd at such a low price. There are some vested interest groups working against me (from the time), since long time for the reasons best known to all..and I know how to reply them with their own poison or I have been doing this since a long time.
Moreover, if a person does not know when to sell a scrip and when to buy--how much can an analyst spoon-feed him.....Now you know who is spreading canards against me.....people can go to any length to spread their business and jealousy or mental uneasiness from the success of others has no cure...!!
Late selling pressure pulled the local equity markets lower on Tuesday. A sudden bout of selling was witnessed back home in the last half an hour of trade following decline in European shares after a steady start. Drop in the US index futures in screen trade also weighed on the market sentiment. Meanwhile, the overall losses were limited as the markets failed to break the shell for yet another session and moved in a tight range. Investors opted to remain on the sidelines ahead of few big results later this week which will dictate the trend in the short-term. Healthcare, auto and banking stocks were the major laggards in trade today while realty, metal and capital goods stocks managed to end the session on a high note. The mid-cap and small-cap stocks mirrored their larger peers during the session.
After getting off to a flat start, the domestic markets gained some strength underpinned by encouraging cues from most of the regional counterparts. Expectations of over 9% growth in the country's June quarter Gross Domestic Product (GDP) also boosted investor confidence in the morning session. The main indices scaled their intraday highs within few minutes of opening trades. Buying across the board helped the BSE Sensex and the NSE Nifty to surpass the psychological 18,000 and 5,400 levels, respectively in early trades. The markets gyrated in a tight band with a positive bias till early noon trades. They started witnessing some selling pressure in the afternoon session in spite of positive opening for the European equities. The benchmark indices slipped below the important support levels of 18,000 (Sensex) and 5,400 (Nifty) in late-afternoon trades. The bourses hovered near the neutral line in the late-session. Meanwhile, profit booking in European shares and plunge in the US index futures triggered unwinding of positions in the local markets in last half an hour of trade, which pulled them to their intraday troughs and finally they signed off the session near those levels. The volumes on the street remained on the lower side. The market breadth on the BSE turned negative in late trades; the losers thrashed the gainers in a ratio of 1631:1280 while 118 shares remained unchanged.
On results front, Zee Entertainment Enterprises' consolidated net profit rose to Rs 150.10 crore in Q1FY11 from Rs 91.32 crore for Q1FY10, registering a growth of 64.37%. Its total income grew by 35.63% to Rs 689.58 crore in June 2010 quarter from Rs 508.44 crore for June 2009 quarter. The analysts had expected that the company would report a net profit of around Rs 138 crore. Though the results were better than the street's expectations, it could not help the company's shares to escape the profit booking in late trades. The stock finished over two percent lower after spending almost whole session in the positive terrain.
Among other blue-chip stocks; DLF, Sterlite Industries and Wipro advanced anywhere between 2.01% and 0.93%. On the other hand, Jaiprakash Associates, Tata Motors and Reliance Communications (RCom) were the major losers on the main index. Auto stocks were the main victim of late onslaught on the bourses today.
Finally, the 30-share BSE Sensex dipped 50.28 points or 0.28% to end at 17,878.14 while the 50-share S&P CNX Nifty shed 18.45 points or 0.34% to finish at 5368.00.
The BSE Sensex touched a high and a low of 18,040.17 and 17,848.07, respectively. DLF up 2.01%, Sterlite Inds up 1.53%, Wipro up 0.93%, L&T up 0.53% and TCS up 0.39% were the top gainers on the broadly followed index.
While Jaiprakash Associates down 1.74%, Tata Motors down 1.57%, RCom down 1.52%, HDFC down 1.24% and ICICI Bank down 1.22% were the top losers on the Sensex.
The BSE Mid-cap and Small-cap indices decreased 0.30% and 0.26%, respectively.
Meanwhile, the Indian government said on Monday that despite an increase in the March quarter, India's current account deficit was still not a cause of worry, capital inflows were more than sufficient to plug the gap. Union Trade Secretary Rahul Khullar said while briefing the media persons on India's foreign trade in month of June that the $13 billion current account deficit was manageable given the level of capital inflows, playing down concerns about the worst shortfall in nearly 3 decades.
The Reserve Bank of India (RBI) has yet not released the current account deficit figure for the April-June period, but the latest available data shows that the deficit widened to $13 billion in the January-March quarter, the biggest since 1981. The figure was at $12.2 billion in October-December 2009 quarter.
The secretary stated that the improvement in the balance of payments surplus, which in Jan-March was $2.1 billion compared with a surplus of $1.8 billion in the previous quarter, also indicated there was no need to worry. 'I run a huge deficit on the balance of trade on goods and a surplus in my services account, as a result that my current account deficit is manageable. Manageable in that it remains within 1.5-2% of the GDP,' Khullar said.
According to the data released by the RBI, the ratio of the current account deficit to GDP had risen from 2.4% in 2008-09 to 2.9% in 2009-10. As a result, the import cover - the number of months for which imports that can be financed by the foreign exchange reserves - declined to 9.8 months to 11.2 months. Further, there was a slowdown in the net invisible earnings, and as a result, the extent of the merchandise trade deficit was financed by this head dipped from 75.8% to 67.3%. On a positive note however, after witnessing four consecutive quarters of decline, on year-on-year basis, invisibles receipts entered into positive territory in the March quarter, indicating potential for further improvement going forward.
Realty up 1.31%, Metal up 0.20% and Capital Goods (CG) up 0.04% were the only gainers in the BSE sectoral space.
On the flip side, Healthcare (HC) down 0.90%, Auto down 0.69%, Bankex down 0.43%, Oil & Gas down 0.37% and TECk down 0.35% were the main losers in the BSE sectoral space.
Indian government is contemplating a relief for the tyre industry which has been hit hard by surging prices of the natural rubber. It may permit import of as much as 100,000 tonne of natural rubber from abroad at a lower duty to reduce shortage and hence bring down the prices of the commodity.
The tyre industry has been demanding a reduction in the import duty from the current 20% to 7.5% in view of the higher domestic prices, which have remained close to record high levels in recent months as the global demand supply scenario remains tight. While the government might not lower the import duty as such, it is considering allowing a specified quantity of the commodity at 7.5% duty rate.
The S&P CNX Nifty touched a high and a low of 5416.45 and 5353.60, respectively.
Unitech up 2.08%, DLF up 1.68%, Sterlite Inds up 1.37%, Wipro up 1.18% and ABB up 0.76% were the major gainers on the Nifty.
On the other hand, HCL Technologies down 2.51%, BPCL down 2.30%, Jaiprakash Associates down 2.01%, RCom down 1.99% and Kotak Mahindra Bank down 1.94% were the major losers on the benchmark index.
All Asian equity indices, barring Nikkei 225, finished in the positive terrain on Tuesday as Chinese stocks rallied on expectation that government may ease policy tightening to moderate its economic growth. Wall Street ended with a modest gain in the overnight session which also supported the upmove.
Among Chinese stocks, Anhui Conch Cement Company surged 4%, Jiangxi Copper zoomed 8.2% and Poly Real Estate Group rose 2.9%.
Shanghai Composite zoomed 53.31 points or 2.15% to 2,528.73, Hang Seng surged 173.64 points or 0.86% to 20,264.59, Jakarta Composite rose 19.87 points or 0.67% to 2,995.44, KLSE Composite gains 4.32 points or 0.32% to 1,337.67, Straits Times advanced 4.65 points or 0.16% to 2,950.07, Seoul Composite added 4.82 points or 0.28% to 1,736.77 and Taiwan Weighted soared 62.20 points or 0.81% to 7,712.03.
On the flip side, Nikkei 225 declined 107.90 points or 1.15% to 9,300.46.
European markets were trading in the negative terrain. France's CAC 40 declined 1.30%, Germany's DAX slipped 1.14% and Britain's FTSE 100 shed 0.66%.
After getting off to a flat start, the domestic markets gained some strength underpinned by encouraging cues from most of the regional counterparts. Expectations of over 9% growth in the country's June quarter Gross Domestic Product (GDP) also boosted investor confidence in the morning session. The main indices scaled their intraday highs within few minutes of opening trades. Buying across the board helped the BSE Sensex and the NSE Nifty to surpass the psychological 18,000 and 5,400 levels, respectively in early trades. The markets gyrated in a tight band with a positive bias till early noon trades. They started witnessing some selling pressure in the afternoon session in spite of positive opening for the European equities. The benchmark indices slipped below the important support levels of 18,000 (Sensex) and 5,400 (Nifty) in late-afternoon trades. The bourses hovered near the neutral line in the late-session. Meanwhile, profit booking in European shares and plunge in the US index futures triggered unwinding of positions in the local markets in last half an hour of trade, which pulled them to their intraday troughs and finally they signed off the session near those levels. The volumes on the street remained on the lower side. The market breadth on the BSE turned negative in late trades; the losers thrashed the gainers in a ratio of 1631:1280 while 118 shares remained unchanged.
On results front, Zee Entertainment Enterprises' consolidated net profit rose to Rs 150.10 crore in Q1FY11 from Rs 91.32 crore for Q1FY10, registering a growth of 64.37%. Its total income grew by 35.63% to Rs 689.58 crore in June 2010 quarter from Rs 508.44 crore for June 2009 quarter. The analysts had expected that the company would report a net profit of around Rs 138 crore. Though the results were better than the street's expectations, it could not help the company's shares to escape the profit booking in late trades. The stock finished over two percent lower after spending almost whole session in the positive terrain.
Among other blue-chip stocks; DLF, Sterlite Industries and Wipro advanced anywhere between 2.01% and 0.93%. On the other hand, Jaiprakash Associates, Tata Motors and Reliance Communications (RCom) were the major losers on the main index. Auto stocks were the main victim of late onslaught on the bourses today.
Finally, the 30-share BSE Sensex dipped 50.28 points or 0.28% to end at 17,878.14 while the 50-share S&P CNX Nifty shed 18.45 points or 0.34% to finish at 5368.00.
The BSE Sensex touched a high and a low of 18,040.17 and 17,848.07, respectively. DLF up 2.01%, Sterlite Inds up 1.53%, Wipro up 0.93%, L&T up 0.53% and TCS up 0.39% were the top gainers on the broadly followed index.
While Jaiprakash Associates down 1.74%, Tata Motors down 1.57%, RCom down 1.52%, HDFC down 1.24% and ICICI Bank down 1.22% were the top losers on the Sensex.
The BSE Mid-cap and Small-cap indices decreased 0.30% and 0.26%, respectively.
Meanwhile, the Indian government said on Monday that despite an increase in the March quarter, India's current account deficit was still not a cause of worry, capital inflows were more than sufficient to plug the gap. Union Trade Secretary Rahul Khullar said while briefing the media persons on India's foreign trade in month of June that the $13 billion current account deficit was manageable given the level of capital inflows, playing down concerns about the worst shortfall in nearly 3 decades.
The Reserve Bank of India (RBI) has yet not released the current account deficit figure for the April-June period, but the latest available data shows that the deficit widened to $13 billion in the January-March quarter, the biggest since 1981. The figure was at $12.2 billion in October-December 2009 quarter.
The secretary stated that the improvement in the balance of payments surplus, which in Jan-March was $2.1 billion compared with a surplus of $1.8 billion in the previous quarter, also indicated there was no need to worry. 'I run a huge deficit on the balance of trade on goods and a surplus in my services account, as a result that my current account deficit is manageable. Manageable in that it remains within 1.5-2% of the GDP,' Khullar said.
According to the data released by the RBI, the ratio of the current account deficit to GDP had risen from 2.4% in 2008-09 to 2.9% in 2009-10. As a result, the import cover - the number of months for which imports that can be financed by the foreign exchange reserves - declined to 9.8 months to 11.2 months. Further, there was a slowdown in the net invisible earnings, and as a result, the extent of the merchandise trade deficit was financed by this head dipped from 75.8% to 67.3%. On a positive note however, after witnessing four consecutive quarters of decline, on year-on-year basis, invisibles receipts entered into positive territory in the March quarter, indicating potential for further improvement going forward.
Realty up 1.31%, Metal up 0.20% and Capital Goods (CG) up 0.04% were the only gainers in the BSE sectoral space.
On the flip side, Healthcare (HC) down 0.90%, Auto down 0.69%, Bankex down 0.43%, Oil & Gas down 0.37% and TECk down 0.35% were the main losers in the BSE sectoral space.
Indian government is contemplating a relief for the tyre industry which has been hit hard by surging prices of the natural rubber. It may permit import of as much as 100,000 tonne of natural rubber from abroad at a lower duty to reduce shortage and hence bring down the prices of the commodity.
The tyre industry has been demanding a reduction in the import duty from the current 20% to 7.5% in view of the higher domestic prices, which have remained close to record high levels in recent months as the global demand supply scenario remains tight. While the government might not lower the import duty as such, it is considering allowing a specified quantity of the commodity at 7.5% duty rate.
The S&P CNX Nifty touched a high and a low of 5416.45 and 5353.60, respectively.
Unitech up 2.08%, DLF up 1.68%, Sterlite Inds up 1.37%, Wipro up 1.18% and ABB up 0.76% were the major gainers on the Nifty.
On the other hand, HCL Technologies down 2.51%, BPCL down 2.30%, Jaiprakash Associates down 2.01%, RCom down 1.99% and Kotak Mahindra Bank down 1.94% were the major losers on the benchmark index.
All Asian equity indices, barring Nikkei 225, finished in the positive terrain on Tuesday as Chinese stocks rallied on expectation that government may ease policy tightening to moderate its economic growth. Wall Street ended with a modest gain in the overnight session which also supported the upmove.
Among Chinese stocks, Anhui Conch Cement Company surged 4%, Jiangxi Copper zoomed 8.2% and Poly Real Estate Group rose 2.9%.
Shanghai Composite zoomed 53.31 points or 2.15% to 2,528.73, Hang Seng surged 173.64 points or 0.86% to 20,264.59, Jakarta Composite rose 19.87 points or 0.67% to 2,995.44, KLSE Composite gains 4.32 points or 0.32% to 1,337.67, Straits Times advanced 4.65 points or 0.16% to 2,950.07, Seoul Composite added 4.82 points or 0.28% to 1,736.77 and Taiwan Weighted soared 62.20 points or 0.81% to 7,712.03.
On the flip side, Nikkei 225 declined 107.90 points or 1.15% to 9,300.46.
European markets were trading in the negative terrain. France's CAC 40 declined 1.30%, Germany's DAX slipped 1.14% and Britain's FTSE 100 shed 0.66%.
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