Live Information On Share Markets

Markets Wipe Out All Gains:Down By 570 Points,Intra Day Calls For Jul 4

Shyam — Fri, 04 Jul 2008 04:27:38 +0000

Due to bad Asian and World markets and rising crude oil prices which touched $146/barrel,the Indian markets also most wiped out all the gains that it had made in the previous trading session. Sensex lost 570 points to close at 13,094 levels and Nifty was down by 168 points to close at 3,926 levels.

Amidst much furore of crude oil prices, and the nation losing 62,000 jobs in the sixth consecutive month ,the US markets closed in a mixed trend.Dow was up by 0.65% and Nasdaq was down by 0.27%. The Asian markets are also reacting in the similar fashion and Nikkei-225 is currently down and some other key Asian markets are flat or marginally up.

Now we can expect the IT,Telecom and Pharma stocks to do well in coming days if a positive results come in for them in the Q1 results which will kick start from Jul 11 with results from Infosys.

Now lets have a look at some intra day calls: UBI(cmp 112),Cairn(cmp 258),Orchid(cmp 243.2),IOCL(cmp 341),HPCL(cmp 181),Thermax(cmp 374),SBI(cmp 1102),Anu’s Lab(cmp323),BOB(cmp 211).

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Surprise Rise In The Markets:Sensex Up By 703 Points,Intra Day Calls For Jul 3

Shyam — Thu, 03 Jul 2008 03:54:00 +0000

The surprise rise of 703 points in sensex yesterday took many investors by surprise. Due to range bound Asian markets the stock markets were looking flat in the first half,then the news of share buy back from country’s largest realty player came in. And the European markets were also looking good initially,so this led to a good recovery in the markets in the second half. And sensex shut shop at 13,665 up by 703 points or 5.42% over its previous close. Similarly the nifty was up by 197 points to close at 4093 levels ,up by over 4.80%.

All the realty stocks which were heavily beaten till now recovered to some extent.DLF gained 15% at close,Ansal properties gained 28%,Akruti city gained 20%,HDIl was up by 19.%. The calls made here also gave some very good returns,the best being India infoline which gained almost 22% intra day.Other calls like NTPC was up by 4%,Titan was up by 4.3% and many other gained.

But due to crude oil price surge above 144$/barrel, the US markets were trading weak with Dow and Nasdaq losing 1.4% and 2.3% respectively. A gap down opening is also seen in the Asian markets currently. So we too can see a two side movement in the Indian markets today. If the realty sector does well owing to the share buy back issue,then we can expect another small rally in the markets today.

Lets have a look at some of the calls for today: DLF(cmp 424),NTPC(cmp 159),RPL(cmp 174),HDIL(cmp 402),Unitech(cmp 171),satyam(cmp 463),Praj(cmp 170),Punj Lloyd(cmp 217),Rcom(cmp 418),India Bulls Real estate(cmp 286), IVR prime(cmp 190),BOI(cmp 223).

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Sensex Below The Psychological Barrier Of 13,000:Down By 500 Points

Shyam — Wed, 02 Jul 2008 04:03:08 +0000

With every passing day the Indian markets are touching new yearly lows in 2008.Atleast these are what the indications are from the Indian share markets. And from the highs of Jan 2008 when sensex touched 21,207 levels, the markets have already lost 39% this year till yesterday,Jul 1st,2008. The only relief being the Chinese market which has lost nearly 48% in the current year.

The stock markets crashed by another 500 points or 3.71% from its previous close and nifty shut shop at 3897 down by 144 points of 3.69%. Midcaps and small caps lost about 4.8% each. The realty,banking and auto were the worst hit ones. The next support level for nifty is at 3,640 levels and sense may find support at 12,300 levels.

This has led to ousting of India from the trillion dollar club economies. Now the total worth of all the listed companies in the Indian markets stand at $966 billion. Meanwhile in yesterdays trade the US markets closed marginally up gaining 0.3% to 0.5%. Nikkei-225 seems to be continuing the 9 day falling streak.Nikkei-225 and Hang Seng are trading lower now by close to 1% each. So a both side movement is expected today also. Markets may further slide from here on.

The main reason behind the steep fall in the Indian markets are being attributed to rising international crude oil prices, rising inflation, political uncertainties and higher interest rates. The P-E ratio of Indian companies now stand at 13.34 times down from 28.5 times in the beginning of the year. All these are also putting an impact on the Rupee which is now expected to head towards 44 levels.

Now time for some Intra day calls for jul 2: HCL Tech(cmp 258), NTPC(cmp 153), Tata Elxsi(cmp 208),India Infoline(cmp 514),United Phosphorous(cmp 288), Gammon(cmp 230),Orient Press(cmp 37), Titan(cmp 1001),Tata Comm(cmp 380).

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