Last trading day: Tuesday, 1 April
4:14 PM - It was a volatile trading session today, which ended almost flat. The Sensex closed at 15,626, down 17 points from the previous close. Nifty shut shop at 4739, up just 5 points. CNX Midcap index lost 0.5%, while BSE Smallcap index made a small gain of 0.3%. The day belonged to oil & gas and FMCG stocks, which saw huge amount of buying interest. Capital goods stocks witnessed selling pressure, along with metal stocks. Top gainers on the Sensex include HUL, RIL, REL, while losers include BHEL, Mahindra & Mahindra and L&T.
4:07 PM - There are chances that ICICI Bank falls to Rs 700-650 again, says Shrikanth Chouhan of Kotak Securities, on NDTV Profit. One may see more correction in banking stocks in the next 10-15 trading sessions, he adds.
4:00 PM - One can look at buying BHEL in a phased manner, as it can be a good investment for the long term, says Rahul Mohindar, technical analyst, on CNBC Awaaz. The stock will get into a breakout mode only after Rs 2,001 is crossed, he says. The stock fell 7.8% today and closed at Rs 1,897 on the BSE.
3:55 PM - One can expect another 15% fall from here in most of the realty stocks, including DLF and Unitech, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz.
3:50 PM - BHEL now has support at Rs 1,835 and if this breaks, then it can fall much lower, says E Mathew, technical analyst, on CNBC-TV18. The stock is at Rs 1,895, down 7.9% on the BSE.
3:44 PM - On the upside, RPL can go up to Rs 200-210 and on the downside, it can fall to Rs 135-140, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The stock is at Rs 167.55, up over 7% on the BSE.
3:39 PM - One can look to book some profits in ITC, at least partially, if it goes up to Rs 225, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The stock is at Rs 211, up 2.3% on the BSE.
3:31 PM - The market ended flat, recovering well from the day's lows. Sensex ended the day at 15,612, down 31 points (provisional) from the previous close. Nifty shut shop at 4741, up 6 points (provisional). CNX Midcap index lost 0.6%.
3:26 PM - There are good chances that Axis Bank can fall to Rs 670, says E Mathew, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 724, down 7.3%, on the BSE.
3:20 PM - BPCL can go up to Rs 560 if the Nifty rallies, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock has limited downside, so continue to hold it, he suggests. It is currently trading at Rs 422.65, up 2.8% on the BSE.
3:12 PM - Dabur Pharma has support at Rs 50-55 and may face resistance at Rs 86-90, says Ashwani Gujral, technical analyst, on CNBC Awaaz. One can look at booking profits close to the resistance area, he suggests. The stock is currently tarding at Rs 60.50, down 6.5% on the BSE.
3:05 PM - Dish TV will face major resistance at Rs 54-55, says Jatinder Sharma of Equity Strategies, on CNBC Awaaz. It is only after this level is crossed decisively, that one can say the declining trend is over in the stock, he adds. It is currently trading at Rs 50.50, up over 2% on the BSE.
2:59 PM - Sensex is currently trading at 15,655, up 11 points from the previous close. Nifty is at 4744, up 9 points. Oil & gas and FMCG stocks continue to be on fire, while capital goods and metal stocks are witnessing selling pressure.
2:52 PM - Aptech has support at Rs 190 and may face resistance at Rs 280-285, where one may look at booking profits, at least partially, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 213.35, down 2.6% on the BSE.
2:45 PM - In the two-wheeler segment, TVS Motors looks like a good medium term contrarion bet, says a market expert, on CNBC Awaaz. The comapny is coming out with newer two-wheel models and the stock has limited downside, he explains. It is currently trading at Rs 35.80, up 2.4% on the BSE.
2:38 PM - Shortcovering in F&O segment has pushed up the turnover, say dealers, reports NDTV Profit. The market is seeing a sideways movement with high intra-day volatility. But domestic MF activity continues to remain low, they say.
2:30 PM - HFCL does not look very good on the charts, says Anuj Dixit, technical analyst, on Zee Business. It will face stiff resistance at Rs 30-32, he adds. Keep a stoploss at Rs 14.50 and exit the counter on any rally, he suggests. The stock is currently trading at Rs 19.85, up 5% on the BSE.
2:23 PM - Finolex Cables and Sterlite Technologies are likely to give good returns going forward, says Deven Choksey of KR Choksey, on NDTV Profit. Finolex is currently trading at Rs 71.95, up 0.9% and Sterlite Tech is at Rs 164.50, up over 1%, on the BSE.
2:17 PM - Once Gujarat NRE Coke crosses Rs 154 decisively, momentum players can return to the stock, says Jatinder Sharma of Equity Startegies, on CNBC Awaaz. Keep a stoploss at Rs 126, he suggests. The stock is currently trading at Rs 140.85, up 1.1% on the BSE.
2:09 PM - Apollo Tyres has a immediate target of Rs 45 and in the medium term, Rs 51-52, says Anuj Dixit, technical analyst, on Zee Business. So continue to hold the stock, he suggests. For the long term, one can keep a stoploss of Rs 35, he adds. The stock is currently trading at Rs 41.70, up 1.2% on the BSE.
2:03 PM - The market is off the day's lows, thanks to some short covering that came into the market. Sensex is currently trading at 15,599, down 45 points from the previous close. Nifty is at 4729, down 5 points. BSE Midcap index is trading down 0.5%, while BSE Smallcap index is up 0.14%.
1:58 PM - One can keep a stoploss of Rs 65 in case of Kalpana Industries, says Anuj Dixit, technical analyst, on Zee Business. Whenever the stock rallies, maybe to Rs 100-105, exit the counter, he suggests. It is currently trading at Rs 85.35, up 4% on the BSE.
1:51 PM - Gujarat Ambuja Exports, Great Offshore, REL and Belapur Industries are good stocks to have in one's portfolio, says Hormuz Maloo, technical analyst with Geojit Financial Services, on NDTV Profit.
1:44 PM - Hotel Leela will face resistance at Rs 54-55 and is expected to trade in the range of Rs 35 to Rs 55 for the next 2-3 months, says Anuj Dixit, technical analyst, on Zee Business. The stock is currently trading at Rs 40.90, up 1.9% on the BSE.
1:36 PM - Cairn India has a long term support at Rs 200-204, says Anuj Dixit, technical analyst, on Zee Business. Unless it crosses Rs 245 decisively, it will continue to trade in a range, he adds.
1:28 PM - BHEL has resistance at Rs 2100, says Hormuz Maloo, technical analyst with Geojit Financial Services, on NDTV Profit. It's a good stock to have for the long term in one's portfolio, he says. The stock is currently trading at Rs 1895, down 8.01% on the BSE.
1:20 PM - Ketan Parekh has been sentenced to one-year of rigorous imprisonment for his role in the 1992 Canfina scam, reports CNBC-TV18. Special Court Judge called Parekh as the main conspirator. Parekh, Dalal and Canfina officials had siphoned off Rs 47.70 crore. All accused have been granted bail till July 31.
1:12 PM - In the blue chips stocks, BHEL, L&T and ABB look attractive and can be accumulated in the portfolio for the long term, says Saurabh Mittal of Swadeshi Credit Stockbrokers, on NDTV Profit. In the auto space, his top picks are Bajaj Auto, Maruti and Hero Honda.
1:04 PM - The Indian market is facing selling pressure. Sensex is currently trading at 15,562, down 81 points from the previous close. Nifty is at 4727, down 6 points. CNX Midcap index is down 0.6% and BSE Smallcap index, down 0.3%. FMCG and oil & gas stocks are popular today, while capital goods stocks are being dumped.
12:58 PM - Lanco Infratech has resistance at Rs 460-465 where partial profits can be booked, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 340, he says. The stock is currently trading at Rs 390, up 0.8% on the BSE.
12:52 PM - GMR Infrastructure has resistance at Rs 160-200, says Hormuz Maloo, technical analyst with Geojit Financial Services, on NDTV Profit. It's a good stock to have for the long term in one's portfolio in the infrastructure space, he says. The stock is currently trading at Rs 145, down 2.42% on the BSE.
12:46 PM - Cipla has resistance at Rs 250 and support at Rs 190, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 180, he says. The stock is currently trading at Rs 215, down 0.36% on the BSE.
12:40 PM - GAIL has a target price of Rs 480 and support at Rs 370-375, says Hormuz Maloo, technical analyst with Geojit Financial Services, on NDTV Profit. It's a good stock to have for the long term in one's portfolio, he says. The stock is currently trading at Rs 426, up 0.36% on the BSE. CLSA has a target price of Rs 475 for the stock.
12:33 PM - Sensex could test new lows and touch 14000 in April, says Abhijeet Chakraborthy of Edelweiss on CNBC TV18. The fourth quarter results are likely to be disappointing, he says. Long only funds are beginning to nibble at good stocks while hedge funds are staying on the sidelines due to redemption pressure, he adds.
12:26 PM - Concur is a market outperformer and will continue to be so, the stock has resistance at Rs 1850-1880 and support at Rs 1500-1525, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. If the stock crosses Rs 1900 it can go higher, he says. The stock is currently trading at Rs 1721, up 0.3% on the BSE.
12:20 PM - Deutsche Bank to post write downs of Euro 2.5 billion in Q1, reports NDTV Profit. Conditions to be more challenging in last few weeks, the bank adds.
12:13 PM - The market is falling badly. Sensex is trading at 15338, down 305 points and Nifty is at 4641, down 92 points from the previous close. The CNX Midcaps index is down 1.47% and BSE Smallcaps index is down 1.08%. The BSE Bankex index and BSE Power index are almost down 3% and the BSE Capital Goods index is down 4%. The market breadth is negative with advances at 453 against declines of 729 on NSE.
12:06 PM - Balrampur Chini has resistance at Rs 85-100 and support at Rs 73, says Hormuz Maloo, technical analyst with Geojit Financial Services, on NDTV Profit. The stock is currently trading at Rs 81, up 1.1% on the BSE.
11:58 AM - Hero Honda has resistance at Rs 770 and support at Rs 640, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. One can exit the stock at any rally, he says. The stock is currently trading at Rs 703, up 1.3% on the BSE.
11:52 AM - The market is witnessing volatility and looking bad. Sensex is trading at 15372, down 271 points and Nifty is at 4653, down 81 points from the previous close. The CNX Midcaps index is down 1% and BSE Smallcaps index is down 0.05%. The market breadth has turned negative with advances at 523 against declines of 659 on the NSE.
11:45 AM - MTNL gets income tax refund of Rs 1395 crore, reports NDTV Profit. The refund to add Rs 166.19 crore to FY08 and the stock is currently trading at Rs 99, up 3.52% on the BSE.
11:37 AM - BEL has resistance at Rs 1275 and support at Rs 975 on a closing basis, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1065, down 0.2% on the BSE.
11:30 AM - Sharekhan has a price target of Rs 675 on PNB, reports NDTV Profit. The stock is currently trading at Rs 506, down 0.29% on the BSE.
11:24 AM - The market is witnessing selling pressure and trading at the day's low. Sensex is trading at 15569, down 75 points and Nifty is at 4710, down 24 points from the previous close. The CNX Midcaps index is down 0.1% and BSE Smallcaps index is up 0.57%.
11:17 AM - The market volatility to rise but there will be no directional impact on Nifty, says Angel Broking on STT on NDTV Profit. But the volumes are likely to be more than 20% lower than average due to the new STT norms. Lehman Brothers states that market will take nearly 2-3 weeks to adjust to the new STT norms and volumes will be impacted by 10-15%.
11:10 AM - STT should be reduced by at least 1/5th and government needs to reconsider new STT treatment norms, says Deena Mehta of Asit C Mehta Securities, on CNBC TV18. Trading volumes are likely to be affected by 15-20% in the short term, she says. Cost of transaction has risen as high as 85% and change in STT norms effected in ÿunfair mannerÿ, she adds.
11:04 AM - UBS to post write downs of $19 billion in Q1, reports NDTV Profit. To post net loss of Swiss Franc 12 billion in Q1. Environment for financial industry remains difficult, it adds.
10:58 AM - RPL has a target price of Rs 190 and support at Rs 140-150, says Salil Sharma of Kapoor & Sharma Company, on Zee Business. The stock is currently trading at Rs 158, up 1.34% on the BSE.
10:50 AM - Merrill Lynch has a price target of Rs 923 on Tata Motors, reports Zee Business. The stock is currently trading at Rs 629, up 0.89% on the BSE.
10:41 AM - The government bans export of non-basmati rice, reports CNBC TV18. The ban won't see much impact, says Anil Mittal, CMD of KRBL, on the channel. Current orders are above MEP of $1200/tonnes, he adds. KRBL is currently trading at Rs 117, up 1.73% on the BSE.
10:34 AM - Edelweiss has a price target of Rs 418 on Tata Chemicals, reports Zee Business. The stock is currently trading at Rs 285, up 1.67% on the BSE.
10:27 AM - The Asian markets are trading mixed. The Indian market is holding on to its morning gains. Sensex is trading at 15781, up 137 points and Nifty is at 4765, up 31 points from the previous close. The CNX Midcaps index is up 0.66% and BSE Smallcaps index is up 1.01%. The market breadth is positive with advances at 780 against declines of 255 on the NSE
10:20 AM - The market is likely to witness volatility but this is the right time to have conviction and pick stocks for the long term, says Gul Tekchandani, investment strategist, on NDTV Profit. There are many stocks at mouth watering valuations and the oil and gas space would be a good place to be in, he adds.
10:13 AM - Orchid Chemicals is likely to touch Rs 200 in 3 days, says Anu Jain, technical analyst, on NDTV Profit. The stock has resistance at Rs 172 and if it crosses that it can go to Rs 185 and Rs 200 quickly, she adds. The stock is currently trading at Rs 165, up 2.32% on the BSE.
10:05 AM - Indiabulls Financial has resistance at Rs 450, says Rajat Bose, technical analyst, on CNBC TV18. The stock is currently trading at Rs 429, up 3.57% on the BSE.
9:56 AM - The market sees a good opening, Nifty opens 30 points higher and Sensex 150 points. Sensex is currently trading at 15808, up 163 points. Nifty is trading at 4776, up 41 points from the previous close. The CNX Midcaps index is up 0.77% and BSE Smallcaps index is up 0.60%.
9:50 AM - The NDTV Opinion Poll expects to see a higher opening for the indices today. Nifty range is expected to be 4660-4830. Bulls might have an upper hand in trade today. Stocks to watch out for are Aptech, Havell's India and auto stocks.
9:43 AM - The market is likely to see a flat opening and move sideways with an upward bias, says Anu Jain, technical analyst, on NDTV Profit. At 4800 for Nifty the market is likely to witness short covering, she adds.
