WINNING STROKES: THINK DIFFERENT
Kernex Micro System Ltd today moved to Rs.95.70 before cooling down a bit. Today profit booking was advised in the counter, to the Premium Service members, who brought it around Rs.92-93. Now what to do with Kalindi Rail Nirman Ltd which was also recommended in this blog and which is falling?
What is the latest "dhamaka" news in Jai Balaji Industries Ltd which could propel the scrip to much higher levels? Yes, there is a great news coming in the counter, which will be disclosed to the Paid Service members, only. Yesterday, I asked them to average the scrip at any cost, look at the closing price of the scrip today.
Yes, I had asked yesterday all the Paid Members, go for (the completion of) averaging of Country Club India Ltd, the stock today moved up by more than 5%. What is the news in the counter? Any idea? And which is the another stock which was asked to be averaged religiously along with this stock. Yes, the Paid Service members, know that..........
Join the Profit Sharing Arrangement Scheme for the HNI Category Only, and enjoy hassle free life, shifting all your burden on my firm. Also, get assistance in the market, by becoming a member of the Paid Service. Making money from the market is not that easy, and therefore, professional help is an essential tool for making gains or to restructure ones portfolio.
In KSK Energy Ventures Ltd, what is the latest news. Is any entity trying to exit the counter? What is the future of the company after the latest event of share sale by a Mauritius based entity?
Key benchmark indices closed flat on special 1-1/2 hour trading session. The barometer index, BSE Sensex, settled unchanged at 17,636.99, off about 40 points from the day's high and up close to 20 points from the day's low. The market breadth was positive. Most metal stocks edged higher. Capital goods stocks declined. Index heavyweight Reliance Industries (RIL) edged lower. Shares of hotel companies rallied on reports Reliance Industries (RIL) acquired an additional 3.73% stake in EIH from Analjit Singh, the promoter of Max India for Rs 192 crore through an open market transaction. Reliance ADA Group shares rose across the board. Sun Pharmaceutical Industries hit record high. Bank stocks gained for the second straight day.
The stock exchanges held a special 1-1/2 hour trading session today, 3 March 2012, as the Bombay Stock Exchange (BSE) tested its Disaster Recover Site (DR). Trading began at 11:15 IST and concluded at 12:45 IST today.
The BSE Sensex settled flat at 17,636.99. The index rose 40.03 points at the day's high of 17,676.83 in early trade. The index fell 18.92 points at the day's low of 17,617.88 in afternoon trade.
The S&P CNX Nifty ended flat at 5,359.40. The index hit a high of 5,369.60 and a low of 5,353.40 in intraday trade.
The market breadth, indicating the overall health of the market, was positive. On BSE, 1367 shares rose and 885 shares fell. A total of 100 shares were unchanged.
From the 30-share Sensex pack, 17 fell and the rest rose. Bajaj Auto, NTPC and Bharti Airtel dropped by between 0.61% to 0.99%. Tata Power Company, Infosys and TCS rose by between 0.31% to 1.09%.
Index heavyweight Reliance Industries (RIL) fell 0.14%. RIL along with BP PLC will reportedly submit a joint plan to the government to develop the D6 natural gas block and its satellite fields as an integrated unit. The proposal, which will be submitted in the next few weeks, will seek to maximise the use of existing infrastructure to develop all the fields which haven't been worked on yet, BP India chief Sashi Mukundan said early this week. The proposal is significant in that it will seek approval to develop an entire block as one unit, rather than follow the current practise of getting clearance for one oil or natural gas field at a time.
In 2011, BP purchased a 30% stake in 21 RIL's oil and gas blocks across India, including D6, which is India's biggest gas discovery so far. RIL is facing declining output at D6 due to reservoir complexity, a natural decline in reserves and delays in developing satellite fields. Output at the D1, D3 and MA fields in the D6 block has plunged to about 38 million metric standard cubic meters a day (MMSCMD) from 60 MMSCMD in June 2010. It is estimated that output will fall further to 27.60 MMSCMD in the next financial year starting April, and to 22.60 MMSCMD in the year after that.
RIL last week said its wholly-owned subsidiary Reliance Holding USA, Inc. priced a $500 million reopening of its existing 5.4% Guaranteed Senior Notes due 2022. The additional notes will be consolidated and will form a single series with the $1,000 million 5.4% Guaranteed Senior Notes due 2022 and will be fully and unconditionally guaranteed by RIL. Reliance Holding USA, Inc. will apply the net proceeds to fund its ongoing capital expenditure, to make business investments, to refinance its existing debt and for general corporate purposes.
FMCG stocks declined. ITC, United Spirits and Hindustan Unilever shed by between 0.02% to 0.35%.
Sun Pharmaceutical Industries rose 0.41% to Rs 568.20. The stock hit a record high of Rs 571 today.
Cipla fell 1% after company said after market hours on Friday that with reference to the earlier disclosures regarding notices received by the company from the National Pharmaceutical Pricing Authority, Government of India, the company has now received further demand notices from the Government for Rs. 424.64 crores towards interest upto January 2012, on the allegedly overcharged amounts in respect of the same drugs which are subject matter of litigation in the Supreme Court of India. These demands are contrary to the orders of the Supreme Court of India and the company has received legal advice that entire amounts demanded by the Government are not tenable and sustainable, company said.
Shares of hotel companies rallied on reports Reliance Industries (RIL) acquired an additional 3.73% stake in EIH from Analjit Singh, the promoter of Max India for Rs 192 crore through an open market transaction. RIL now holds 18.53% in EIH, racing past rival ITC, which has 14.98% in EIH. EIH, EIH Associated Hotels, Indian Hotels and Hotel Leela Ventures jumped by between 3.26% to 20%.
Reliance ADA Group shares rose across the board. Reliance Communications, Reliance Infrastructure, Reliance Broadcast network, Reliance Capital, Reliance MediaWorks and Reliance Power gained by between 0.92% to 5.78%.
L&T fell 0.33%, with the stock reversing initial gains. The company said during market hours on Friday that its construction division bagged orders worth Rs 1306 crore across various business segments in February 2012.
Shares of Bhel declined 0.27%. Bhel said during market hours on Friday that the board of directors in its meeting held today has decided and approved payment of interim dividend of 136% or Rs 2.72 per equity share for the financial year 2011-12.
Meanwhile, a panel of ministers on economic affairs have deferred a decision on duties for imported power equipment, heavy industries minister Praful Patel told reporters on Thursday. In February 2010, a high-ranking government body, had recommended imposition of a 10% import duty and 4% special additional duty on all imported power gears, mainly targeted at curbing imports from China. At present, there is no duty on imported power gears for projects above 1 giga watts (GW), while a 5% duty is applicable on imported power gears for projects below 1 GW.
Most metal stocks edged higher. JSW Steel, Jindal Steel & Power, Sail, and Tata Steel rose by between 0.04% to 0.52%.
Bank stocks gained for the second straight day. India's biggest private sector bank in terms of branch network, ICICI Bank rose 0.31%, with the stock extending Friday's 2.08% gains.
State Bank of India gained 0.22%, with the stock extending Friday's 1.17% gain. The bank on Monday, 27 February 2012, cut interest rates on education loans. Loans of up to Rs 4 lakh will now be charged an interest rate of 13.50%, down from 13.75% earlier, while those between Rs 4 lakh and Rs 7.5 lakh will be charged 13.25%, instead of 14.25% earlier. Loans above Rs 7.5 lakh will be given at an interest rate of 12.00%, a quarter percentage point less than earlier.
India's second largest bank by net profit HDFC Bank rose 0.33%.
Foreign institutional investors (FIIs) bought shares worth a net Rs 578.65 crore on Friday, 2 March 2012, as per provisional data from the stock exchanges. FIIs bought shares worth a net Rs 25212.10 crore in February 2012, as per data from Securities & Exchange Board of India (Sebi). The FIIs had bought shares worth a net Rs 10357.70 crore in January 2012.
The government is working with state governments for early implementation of a goods and services tax (GST), Finance Minister Pranab Mukherjee said on 22 February 2012.
Finance Minister Pranab Mukherjee will present the annual budget for 2012/13 on 16 March 2012, while the railways budget will be presented on 14 March 2012. The budget session of parliament will start on 12 March 2012. The government will present on March 15 the Economic Survey for 2011/12, a document on the state of economy prepared by the economic division in the ministry of finance. The annual budget is usually presented on the last working day of February. However, the budget has been delayed this time due to the ongoing assembly polls. Polling for assembly elections in five states concludes on Saturday, 3 March 2012. The counting of the votes takes place on 6 March 2012, with the results due on the same day.
Reports indicate that the finance ministry is considering a proposal to increase excise duty from 10% to 12%, although still lower than the level before the 2008 financial crisis. The move is aimed at helping the government improve its fiscal situation but it is expected to push up the cost of almost all manufactured goods from food products to consumer durables and automobiles.
Moody's Investors Service on Friday cut Greece's sovereign debt rating to the lowest possible level after a debt-restructuring deal that imposes hefty economic losses for private creditors. Moody's lowered Greece's local and foreign-currency bond ratings a notch to C from Ca, becoming the third credit rating agency to downgrade the country following the announcement of the swap deal to lighten its debt burden.
European Union leaders have cleared the release of long-awaited second bailout package for debt- ridden Greece. This is to enable Greece avoid a default on paying back euro 14.5-billion debts due on March 20. Finance ministers of the euro group, during a two-day meeting in Brussels Friday, kicked off the preparations to release the first tranche of the euro 130-billion rescue package.
Meanwhile, all but two European Union countries signed a fiscal pact to tighten budget discipline on Friday, marking a coup for Germany that pushed for the accord to prevent a repeat of the loose spending that led to economic crisis. Only Britain and the Czech Republic did not sign the agreement, under which all other countries in the 27-nation bloc are to write a golden rule on balanced budgets into national constitutions or equivalent laws and automatic correction mechanisms if the rule is breached.
U.S. stocks edged lower Friday, cementing the Dow Jones Industrial Average's third weekly loss in nine this year.
The stock exchanges held a special 1-1/2 hour trading session today, 3 March 2012, as the Bombay Stock Exchange (BSE) tested its Disaster Recover Site (DR). Trading began at 11:15 IST and concluded at 12:45 IST today.
The BSE Sensex settled flat at 17,636.99. The index rose 40.03 points at the day's high of 17,676.83 in early trade. The index fell 18.92 points at the day's low of 17,617.88 in afternoon trade.
The S&P CNX Nifty ended flat at 5,359.40. The index hit a high of 5,369.60 and a low of 5,353.40 in intraday trade.
The market breadth, indicating the overall health of the market, was positive. On BSE, 1367 shares rose and 885 shares fell. A total of 100 shares were unchanged.
From the 30-share Sensex pack, 17 fell and the rest rose. Bajaj Auto, NTPC and Bharti Airtel dropped by between 0.61% to 0.99%. Tata Power Company, Infosys and TCS rose by between 0.31% to 1.09%.
Index heavyweight Reliance Industries (RIL) fell 0.14%. RIL along with BP PLC will reportedly submit a joint plan to the government to develop the D6 natural gas block and its satellite fields as an integrated unit. The proposal, which will be submitted in the next few weeks, will seek to maximise the use of existing infrastructure to develop all the fields which haven't been worked on yet, BP India chief Sashi Mukundan said early this week. The proposal is significant in that it will seek approval to develop an entire block as one unit, rather than follow the current practise of getting clearance for one oil or natural gas field at a time.
In 2011, BP purchased a 30% stake in 21 RIL's oil and gas blocks across India, including D6, which is India's biggest gas discovery so far. RIL is facing declining output at D6 due to reservoir complexity, a natural decline in reserves and delays in developing satellite fields. Output at the D1, D3 and MA fields in the D6 block has plunged to about 38 million metric standard cubic meters a day (MMSCMD) from 60 MMSCMD in June 2010. It is estimated that output will fall further to 27.60 MMSCMD in the next financial year starting April, and to 22.60 MMSCMD in the year after that.
RIL last week said its wholly-owned subsidiary Reliance Holding USA, Inc. priced a $500 million reopening of its existing 5.4% Guaranteed Senior Notes due 2022. The additional notes will be consolidated and will form a single series with the $1,000 million 5.4% Guaranteed Senior Notes due 2022 and will be fully and unconditionally guaranteed by RIL. Reliance Holding USA, Inc. will apply the net proceeds to fund its ongoing capital expenditure, to make business investments, to refinance its existing debt and for general corporate purposes.
FMCG stocks declined. ITC, United Spirits and Hindustan Unilever shed by between 0.02% to 0.35%.
Sun Pharmaceutical Industries rose 0.41% to Rs 568.20. The stock hit a record high of Rs 571 today.
Cipla fell 1% after company said after market hours on Friday that with reference to the earlier disclosures regarding notices received by the company from the National Pharmaceutical Pricing Authority, Government of India, the company has now received further demand notices from the Government for Rs. 424.64 crores towards interest upto January 2012, on the allegedly overcharged amounts in respect of the same drugs which are subject matter of litigation in the Supreme Court of India. These demands are contrary to the orders of the Supreme Court of India and the company has received legal advice that entire amounts demanded by the Government are not tenable and sustainable, company said.
Shares of hotel companies rallied on reports Reliance Industries (RIL) acquired an additional 3.73% stake in EIH from Analjit Singh, the promoter of Max India for Rs 192 crore through an open market transaction. RIL now holds 18.53% in EIH, racing past rival ITC, which has 14.98% in EIH. EIH, EIH Associated Hotels, Indian Hotels and Hotel Leela Ventures jumped by between 3.26% to 20%.
Reliance ADA Group shares rose across the board. Reliance Communications, Reliance Infrastructure, Reliance Broadcast network, Reliance Capital, Reliance MediaWorks and Reliance Power gained by between 0.92% to 5.78%.
L&T fell 0.33%, with the stock reversing initial gains. The company said during market hours on Friday that its construction division bagged orders worth Rs 1306 crore across various business segments in February 2012.
Shares of Bhel declined 0.27%. Bhel said during market hours on Friday that the board of directors in its meeting held today has decided and approved payment of interim dividend of 136% or Rs 2.72 per equity share for the financial year 2011-12.
Meanwhile, a panel of ministers on economic affairs have deferred a decision on duties for imported power equipment, heavy industries minister Praful Patel told reporters on Thursday. In February 2010, a high-ranking government body, had recommended imposition of a 10% import duty and 4% special additional duty on all imported power gears, mainly targeted at curbing imports from China. At present, there is no duty on imported power gears for projects above 1 giga watts (GW), while a 5% duty is applicable on imported power gears for projects below 1 GW.
Most metal stocks edged higher. JSW Steel, Jindal Steel & Power, Sail, and Tata Steel rose by between 0.04% to 0.52%.
Bank stocks gained for the second straight day. India's biggest private sector bank in terms of branch network, ICICI Bank rose 0.31%, with the stock extending Friday's 2.08% gains.
State Bank of India gained 0.22%, with the stock extending Friday's 1.17% gain. The bank on Monday, 27 February 2012, cut interest rates on education loans. Loans of up to Rs 4 lakh will now be charged an interest rate of 13.50%, down from 13.75% earlier, while those between Rs 4 lakh and Rs 7.5 lakh will be charged 13.25%, instead of 14.25% earlier. Loans above Rs 7.5 lakh will be given at an interest rate of 12.00%, a quarter percentage point less than earlier.
India's second largest bank by net profit HDFC Bank rose 0.33%.
Foreign institutional investors (FIIs) bought shares worth a net Rs 578.65 crore on Friday, 2 March 2012, as per provisional data from the stock exchanges. FIIs bought shares worth a net Rs 25212.10 crore in February 2012, as per data from Securities & Exchange Board of India (Sebi). The FIIs had bought shares worth a net Rs 10357.70 crore in January 2012.
The government is working with state governments for early implementation of a goods and services tax (GST), Finance Minister Pranab Mukherjee said on 22 February 2012.
Finance Minister Pranab Mukherjee will present the annual budget for 2012/13 on 16 March 2012, while the railways budget will be presented on 14 March 2012. The budget session of parliament will start on 12 March 2012. The government will present on March 15 the Economic Survey for 2011/12, a document on the state of economy prepared by the economic division in the ministry of finance. The annual budget is usually presented on the last working day of February. However, the budget has been delayed this time due to the ongoing assembly polls. Polling for assembly elections in five states concludes on Saturday, 3 March 2012. The counting of the votes takes place on 6 March 2012, with the results due on the same day.
Reports indicate that the finance ministry is considering a proposal to increase excise duty from 10% to 12%, although still lower than the level before the 2008 financial crisis. The move is aimed at helping the government improve its fiscal situation but it is expected to push up the cost of almost all manufactured goods from food products to consumer durables and automobiles.
Moody's Investors Service on Friday cut Greece's sovereign debt rating to the lowest possible level after a debt-restructuring deal that imposes hefty economic losses for private creditors. Moody's lowered Greece's local and foreign-currency bond ratings a notch to C from Ca, becoming the third credit rating agency to downgrade the country following the announcement of the swap deal to lighten its debt burden.
European Union leaders have cleared the release of long-awaited second bailout package for debt- ridden Greece. This is to enable Greece avoid a default on paying back euro 14.5-billion debts due on March 20. Finance ministers of the euro group, during a two-day meeting in Brussels Friday, kicked off the preparations to release the first tranche of the euro 130-billion rescue package.
Meanwhile, all but two European Union countries signed a fiscal pact to tighten budget discipline on Friday, marking a coup for Germany that pushed for the accord to prevent a repeat of the loose spending that led to economic crisis. Only Britain and the Czech Republic did not sign the agreement, under which all other countries in the 27-nation bloc are to write a golden rule on balanced budgets into national constitutions or equivalent laws and automatic correction mechanisms if the rule is breached.
U.S. stocks edged lower Friday, cementing the Dow Jones Industrial Average's third weekly loss in nine this year.
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