Friday, March 28, 2008

Thoughts from the Market - Top Headlines

Hindalco Ind top gainer on the Sensex

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

Hindalco Industries is top gainer on the Sensex. At 12:33 pm, the share was quoting at Rs 170.90, up Rs 9.10, or 5.62%. It has touched an intraday high of Rs 173.70 and an intraday low of Rs 159.75. It was trading with volumes of 726,362 shares. Yesterday the share closed down 0.83% or Rs 1.35 at Rs 161.80.

 

Accumulate bank stocks: R Agarwal

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

Raamdeo Agrawal of Motilal Oswal Securities is of the view that one can accumulate bank stocks. If somebody is willing to see 1015% fluctuation from the current price, these are the opportunities to buy into HDFC Bank or ICICI Bank and these things have fallen 3040% from top. So the future for banking is very good.

 

12:55 PM (1 hour ago)

Edelweiss Capital shoots up smartly

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

At 12:12 pm, Edelweiss Capital was quoting at Rs 836, up Rs 99.25, or 13.47%. It has touched an intraday high of Rs 849 and an intraday low of Rs 710. It was trading with volumes of 360,981 shares, compared to its fiveday average of 91,721 shares, an increase of 293.56%. Yesterday the share closed up 1.42% or Rs 10.30 at Rs 736.75.

 

12:55 PM (1 hour ago)

Block deal in Suzlon Energy, stock down

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

At 12:04 pm, Suzlon Energy was quoting at Rs 224, down Rs 4.35, or 1.9%. It has touched an intraday high of Rs 228.35 and an intraday low of Rs 221.20. There was a block deal of 34 lakh Suzlon Energy shares on NSE at Rs 223 per share. It was trading with volumes of 1,496,688 shares.

           

12:55 PM (1 hour ago)

NALCO among major gainers

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

National Aluminium Company, NALCO is among major gainers on the Nifty. At 12:04 pm, the share was quoting at Rs 478.25, up Rs 16.15, or 3.49%. It has touched an intraday high of Rs 480.80 and an intraday low of Rs 459. It was trading with volumes of 316,069 shares. Yesterday the share closed down 5.55% or Rs 27.15 at Rs 462.10.                      

           

12:55 PM (1 hour ago)

India Infoline slips on profit booking

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

At 11:50 am, India Infoline was quoting at Rs 814.10, down Rs 47.2, or 5.48%. It has touched an intraday high of Rs 883 and an intraday low of Rs 811. It was trading with volumes of 105,711 shares. Yesterday the share closed up 9.03% or Rs 71.30 at Rs 861.30.

           

12:55 PM (1 hour ago)

Gitanjali Gems acquires Modali Jewels; stock down

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

At 11:41 am, Gitanjali Gems was quoting at Rs 244.20, down Rs 8.15, or 3.23%. It has touched an intraday high of Rs 252.05 and an intraday low of Rs 243.45. The company has acquired 100% stake in Modali Jewels, reports CNBCTV18. Yesterday the share closed down 2.72% or Rs 7.05 at Rs 252.35.

           

12:55 PM (1 hour ago)

Bank of India has to consolidate: Bose

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

Technical Analyst, Rajat K Bose is of the view that Bank of India has to consolidate at current levels. Once it crosses the Rs 265 mark, one will see good move on the upside, otherwise it may fall below Rs 256.                

           

12:55 PM (1 hour ago)

Maruti would not have entered in deal like JLR: Khattar

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

Tata Motors has finally closed the deal with Ford USD 2.3 billion. As soon as the announcement was made, reactions from across the auto industry flowed in. Jagdish Khattar of Maruti Suzuki said that his company would not have entered in a deal like JLR

           

11:55 AM (2 hours ago)

Orbit Corporation continues to gain

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

At 11:36 am, Orbit Corporation was quoting at Rs 500.10, up Rs 37.20, or 8.04%. It has touched an intraday high of Rs 519.55 and an intr day low of Rs 452. It was trading with volumes of 422,473 shares, compared to its fiveday average of 194,458 shares, an increase of 117.26%.

 

11:55 AM (2 hours ago)

IDFCSSKI prefers HDFC Bank, Axis Bank over ICICI Bank

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

Pathik Gandotra of IDFC SSKI said bank stocks are unlikely to outperform till fears of interest rates hardening further exist. He added that they prefer private bands with no foreign exposure, no equity insurance subsidiaries like HDFC Bank, Axis Bank over ICICI Bank and that Reliance Capital may bounce back only if equity markets stabilize.

 

11:55 AM (2 hours ago)

KS Oils up on buying palm plantation

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

At 11:25 am, the share was quoting at Rs 65.50, up Rs 0.65, or 1%. It has touched an intraday high of Rs 66.85 and an intraday low of Rs 64.

 

11:55 AM (2 hours ago)

Aftek marches ahead

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

At 11:18 am, Aftek was quoting at Rs 44, up Rs 3.95, or 9.86%. It has touched an intraday high of Rs 44.90 and an intraday low of Rs 39. It was trading with volumes of 326,699 shares. Yesterday the share closed up 1.01% at Rs 40.05.

 

11:55 AM (2 hours ago)

Expect rally in Puravankara: Bose

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

Technical Analyst, Rajat K Bose feels that Puravankara may give a little bit of rally in the shortterm. DLF would have to sustain above Rs 656, which is about a couple of percentage points away from the current level. If it were to do so then expect some recovery, otherwise it's better to stay away from DLF, he added.

 

11:55 AM (2 hours ago)

Orbit can test Rs 540550: Bose

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

Technical Analyst, Rajat K Bose is of the view that if Orbit trades above Rs 460470 zone, then one will see move upto Rs 540550. The nearterm outlook is positive but the level between the Rs 550 and Rs 600 would be a supply zone for the stock.

 

11:55 AM (2 hours ago)

HUL, Tata Motors may move up on Nifty today: MF Global

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

Vineet Bhatnagar, MD of MF Global feels that HUL, Tata Motors could move up in the last 30 minutes of trade. He estimates that the Nifty could move up by 3035 points in the last thirty minutes. He thinks that Nifty may close above 4800.

 

11:55 AM (2 hours ago)

Will ask iron ore producers to cut prices: Comm Sec

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

The Commerce Secretary has said that they will ask iron ore producers to cut prices, reports Newswire 18. He added that raising iron ore export duty was the government\'s last resort.

 

11:55 AM (2 hours ago)

IndusInd Bank can test Rs 9395: Bose

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

Technical Analyst, Rajat K Bose is of the view that IndusInd Bank can test Rs 9395 in the short run, may be today if the market is positive. If Yes Bank doesn't get past Rs 200, then one will see going down to test Rs 185. It will test or consolidate between Rs 190180 before really crossing successfully the Rs 200 mark.

 

11:55 AM (2 hours ago)

Tata Motors may underperform in nearterm: Raamdeo Agrawal

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

Raamdeo Agrawal, Director and Cofounder of Motilal Oswal Securities says of the JLR deal, that the Tatas may find it tough to fund the deal and he expects the stock to underperform in the nerterm. On the other hand, he said the inflation situation is uncomfortable and would put pressure on growth.

 

11:55 AM (2 hours ago)

KPIT may touch Rs 9093: Bose

from Moneycontrol Top Headlines by Moneycontrol.com editor@moneycontrol.com

Technical Analyst, Rajat K Bose is of the view that if the markets supports then KPIT might hit around the level between Rs 9093, there would be some kind of supply. But if it overcomes that, then there will be a good move up to Rs 105.

No comments: