SumanSpeaks: The Information Super Highway

The markets are expected to reman range bound as oil trades below $60 / barrel: The markets are expected to remain range bound today with stock selected activities. There are at present no negatives on the markets except too much volatility and advance/decline ratio tending towards negative at the end of the day. The Asian Markets are trading mixed with both Nikkei and STI registering gains in the early trade. Yesterday Wall street closed with minor gains. After several weeks of record highs in the Dow Jones industrials & Nasdaq, largely due to cheaper oil, big acquisitions and strong company earnings; they have slowed their upward climb this week in light pre-Thanksgiving trading volume. U.S. stock markets are closed Thursday for Thanksgiving, and open Friday for an abbreviated session. The Dow rose 5.36, or 0.04 percent, to 12,326.95, after slipping from a new trading high of 12,361.00 earlier. Broader stock indicators were also higher. The Standard & Poor's 500 index cl...

Sensex Surges ahead 89.76 points on the back huge liquidity: Mid Caps rally 44.85 points and Small Caps closes 47.17 points up: Crude trades at $58.77 a barrel: The BSE Sensex closed above 13,700 for the first time, extending its rally for the third straight day, as FIIs lapped up equities on the domestic bourses. The Sensex rose 89.76 points (0.66%), at 13,706.53, an all-time closing high. It had opened with an upward gap, at 13,625.09, backed by firm Asian markets. The market had touched an all-time high of 13,740.39, during the afternoon session, the low being 13,625.09. Thus, the benchmark index oscillated 115 points intra-day. The S&P CNX Nifty advanced 36.50 points (0.93%), to 3,954.75, its all time closing high. It touched an all time high of 3960. The total turnover on BSE amounted to Rs 5,151 crore as compared to Rs 4595 crore on Tuesday (21 November). The market-breadth was just about positive with 1,299 shares advancing on BSE, against 1,235 that declined. A total of 7...

Brief Report on Roto Pumps Ltd: The Markets might remain Range Bound today as Crude Oil jumps above $60 a barrel in New York; on concerns that output disruptions may limit supplies as peak U.S. winter heating demand nears & OPEC meeting on 14th December might advocate a further cut in the supplies. Also some negatives will prevail due to some recent developments in IPO Scam episode....[Updated] ROTO Pumps Ltd is a market leader in POSITIVE DISPLACEMENT PUMPS in India. It manufactures progressive cavity, twin screw and centrifugal pumps for chemical and process industries in India. It has over three decades of strong presence in the market backed by Regional Offices in all Indian Metros & thier own Warehouse cum Marketing offices in Australia & U.K. It has significant overseas presence with exclusive distributors in several countries . The company had embarked on a fast track growth phase and would be registering over 40 growth in the current year--some of which are visib...

Sensex surges 186 points, after Investors poo poos recent RBI Decision on Banks' Exposure to Capital Markets: Mid-caps gain 73.25 points & Small Caps shoot 118.12 points as Indian Economy looks "Better than the Best":Crude Oil is still trading below $60/barrel, mark: Some of the Pump Companies look attractive due to drop in raw material prices, their increased use in Infrastructure Development and UPA Government's Stress on Agricultural Reforms: Yesterday the market saw renewed buying in blue-chips which took the market to a record high after investors ignored the RBI's recent circular on banks capital market exposure. I had already asked all to ignore the bulshit draft bill on this topic. In contrast to the recent trend, the participation in the rally was broad-based, which was evident in the strong market breadth, and an advance-decline ratio of 2.4:1 on BSE. The market-sentiment was bright following a strong debut of Internet firm Info Edge (India), and du...

Japanese Exporter Stocks Gain on U.S. Economic Data, Yen's Drop:Indian Markets set to consolidate at this levels: Play on the undervalued Mid, Small & Micro-cap counters as all factors look positive:[Updated] Nov. 21, 2006: Japanese exporter stocks advanced after an index of leading U.S. economic indicators rose for a second month in October and the yen weakened to a record low against the euro. Canon Inc. and Fanuc Ltd. rose. ``Large technology companies and other exporter shares may gain today with help from better-than-expected U.S. economic data and a cheaper yen,'' said Yutaka Miura, market analyst at Shinko Securities Co. in Tokyo. Limiting gains, Toyota Motor Corp. declined after saying 296 billion yen ($2.5 billion) of its shares will be offered to investors at a 2.01 percent discount to yesterday's price. The Nikkei 225 Stock Average added 24.57, or 0.2 percent, to 15,750.15 as of 9:37 a.m. in Tokyo. The broader Topix index fell 1.27, or 0.1 percent, to 15...

Indices end Flat as late buying Emerges in the Select Pivotals: But Mid Cap Index falls 73.65 points and the Small Cap Index sheds 60.98 Points: Crude is still hovering around $58 per barrel: A solid intra-day reversal in select heavyweights helped the indices to close in the Green. I had mentioned that in the morning brief that the markets in the bigging might show some weakness due to some developments in the banking sector but will close in the Green. But the indices remained mired in the red for most part of the day. The Sensex surged to 13,463.06, on the back of strong support from buyers. It had earlier tanked to 13,200.36, under severe selling pressure. Technology stocks, along with Bharti Airtel and a couple of other blue-chips, aided the remarkable bounce back. The Sensex finally settled 1.23 points higher, at 13,430.71. It had opened weak, at 13,390.95, and started declining since. The benchmark index oscillated 246 points for the day. The S&P CNX Nifty rose 3.35 points ...

RTS Power Corporation Ltd: On the Super Growth Trajectory: CMP--->Rs.92.55 BSE Code: 531215 Group: B2 Face Value:Rs.10 Book Value: Rs.25.43 EPS: Rs.9.83 Sector:Electric Equipments Performance:Market Performer Incorporated Bhanwarlal Bhutoria Pvt. Ltd., Kolkata-based RTS Power Corporation became a Public Limited Company in 1984 and the company acquired its present name in Jan.'94. In 1971, the company set up production facilities to manufacture power and distribution transformers at Jaipur and subsequently at other places. It started operations by manufacturing 16 KVA transformers. In 1995, the company diversified into the manufacture of high-rated power transformers. The company came out with a public issue in Aug.'95 to part-finance its diversification into power transformers and a simultaneous modernisation-cum-backward-integration programme. The latter involves processing major raw materials, while modernising the existing facilities by augmenting the wire-drawing an...

Sensex tanks 76.41 points on profit booking:Mid Cap Index fall by 82.15 points and Small Cap index falls by 124.71 points: Crude trading at $ 58.97 / Barrel: Indian market's initial optimism on the last Friday, caused by US Senate's nod for Indo-US nuclear deal and a sharp fall in global crude oil price, proved short lived as investors booked profit after a string of record highs registered over the past few days. Profit taking was partly triggered by interest rate worries after the latest data showed the wholesale price index rose 5.30% in 12 months to Nov. 4, higher than the previous week's 5.09 % due to an increase in the prices of food articles and manufactured products. Banking, metal, auto and cement shares edged lower. A number of small-cap and mid-cap stocks lost ground. But oil-marketing firms surged as crude oil price fell to one year low on Thursday. Crude oil price declined sharply by $2.50, or 4.3%, to $56.26 per barrel on Thursday, the lowest close since 1...

Is Siemens Buying a Stake in RTS Power Corporation Ltd? A Strong Buy after Excellent Results!! Kolkata based electric equipment maker[Is mainly into manufacturing & Selling of transformers and related items] RTS Power Corporation Ltd has been buzzing on the bourses for quite some time on talks that an MNC might buyout the company. Some months earlier CNBC-TV18's research analyst, Nimesh Shah said that there is a speculation that Siemens might pick up a stake in the company. However, the management till date has remained silent on the issue. But the rumours started to brew again on this front, as the company came out with excellent results for the Q2FY-06-07. Meanwhile the promoters' have increased their holding in the company. R T S Power Corporation has disclosed a steady growth in net profits for the quarter ending in September, 2006. During the quarter, the company saw a 14.81% rise in profits from Rs. 10.40 million to Rs. 11.94 million.Sales for the quarter rose 55.88...

Is Siemens Buying a Stake in RTS Power Corporation Ltd? A Strong Buy after Excellent Results!! Kolkata based electric equipment maker[Is mainly into manufacturing & Selling of transformers and related items] RTS Power Corporation Ltd has been buzzing on the bourses for quite some time on talks that an MNC might buyout the company. Some months earlier CNBC-TV18's research analyst, Nimesh Shah said that there is a speculation that Siemens might pick up a stake in the company. However, the management till date has remained silent on the issue. But the rumours started to brew again on this front, as the company came out with excellent results for the Q2FY-06-07. Meanwhile the promoters' have increased their holding in the company. R T S Power Corporation has disclosed a steady growth in net profits for the quarter ending in September, 2006. During the quarter, the company saw a 14.81% rise in profits from Rs. 10.40 million to Rs. 11.94 million.Sales for the quarter rose 55.88...