Wednesday, April 2, 2008

Yahoo Launching Site for Women 25-54

NEW YORK (AP) — Yahoo Inc. is launching a new site for women between ages 25 and 54, calling it a key demographic underserved by current Yahoo properties.

 

Monday's launch of Shine is aimed largely at giving the struggling Internet company additional opportunities to sell advertising targeted to the key decision-maker in many households. Yahoo said advertisers in consumer-packaged goods, retail and pharmaceuticals have requested more ways to reach those consumers.

 

Amy Iorio, vice president for Yahoo Lifestyles, said internal research also shows women are looking for a site to aggregate various content and communications tools.

"These women were sort of caretakers for everybody in their lives," she said. "They didn't feel like there was a place that was looking at the whole them — as a parent, as a spouse, as a daughter. They were looking for one place that gave them everything."

 

Yahoo is entering a market already served by Glam Media Inc. and iVillage, a unit of General Electric Co.'s NBC Universal. It is Yahoo's first site aimed at a single demographic, although other Yahoo sites like Finance and Sports already draw specific audiences.

 

With Shine, Yahoo plans to expand its offerings in parenting, sex and love, healthy living, food, career and money, entertainment, fashion, beauty, home life, and astrology.

 

Shine likely will replace the existing Food site over time, although Yahoo plans to keep its Health site operating to serve men and other age groups as well as women.

Yahoo is partnering with media companies like Hearst Communications Inc. and Rodale Inc. for content exclusive to Shine. Hearst publishes Redbook, Cosmopolitan, Good Housekeeping and other magazines aimed at women, while Rodale publishes a range of magazines on sports and recreation, including Women's Health.

 

Yahoo also has hired a team of editors to produce original material and to seek out items of interest from elsewhere in Yahoo.

 

Unlike most other Yahoo sites, Shine will be presented in a blog form, with newest items on top and commentary from an editor.

 

Voices from the Market 1 April 2008- May be April Fool Day Formula

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. 


Google Alert - Indian Markets & Investments

Google News Alert for: Indian Markets & Investments

`We plan to invest $150 mn a year in India`
Business Standard - Mumbai,Maharashtra,India
With the right focus and priorities, there should be plenty of investment opportunities for smart money. The Indian market is nowhere near as penetrated by ...
See all stories on this topic

Securities Markets — Regulation lessons for India
Hindu Business Line - Chennai,India
Since the Indian market does not have any regulations governing disclosures, the RBI should issues guidelines prescribing prominent disclosure of all risk ...
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Mutual funds to launch plans for volatile markets
Business Standard - Mumbai,Maharashtra,India
Fund houses want to ensure they are not restricted by the fund’s investment mandate about having to invest in certain sectors even in case of change in ...
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GIC Real Estate set for big role in India
Business Standard - Mumbai,Maharashtra,India
A spokesperson for GIC Real Estate said there are increasing investment opportunities in both emerging and developed markets to build a substantial ...
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Rising ‘political risk’ to commodity derivatives market
Hindu Business Line - Chennai,India
When online trading got introduced, there fortuitously was enormous appetite for risk among Indian punters. Glib presentations, hyped up benefits and ...
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Financial Frontiersman Touts African Stocks
U.S. News & World Report - Washington,DC,USA
As a result, there is a stock market tradition that came with the English. There is a legacy of investment and a legacy of governance and rule of law which ...
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China's great leap into bullion investment
The Australian - Sydney,Australia
A slew of other new investments like these are planned in markets from Dubai to Mumbai. In India, the top lender, State Bank of India, plans this year to ...
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Google Blogs Alert for: Indian Markets & Investments

HimalayanCrossing China - India Q1 to q3 Forecasts on Track
By Matthew Rudolph, Ph.D.(Matthew Rudolph, Ph.D.)
Today, as the Chinese and Indian markets are down 32% and 20% respectively for the year, I just wanted to drop a note to point out that my Q1 to Q3 forecasts for India and China are on track. 1) China : The Post Labor Day-May Day Stock ...
Himalayan Crossing: Explaining... - http://himalayancrossing.blogspot.com/

Putting money into India for Canadian companies
By mickiegirlca
India’s strong economic growth and government initiatives to channel more private capital into all sectors are expected to lead to massive infrastructure growth.” EDC’s equity investments are adding capacity to the equity market in ...
Libtech in LibrarianLand - http://libtechplayground.wordpress.com

Financial Product Specialist - Client Development Team
By mmorone
Bachelors degree required; CFA/MBA preferred; At least 2 years of direct experience working with the financial markets (an investment banking analyst program is preferred); Strong Excel skills. About Capital IQ: ...
Worldleaders - http://worldleadersjobs.com

Gold, Coal & Debtland in Australia
By dr@dailyreckoning.com.au (The Daily Reckoning)
We reckoned that high debt and the collapse of America's housing market would eventually lead foreign investors to forsake America's capital markets for better, non-wealth destroying investments elsewhere. And so it's begun. ...
The Daily Reckoning Australia - http://www.dailyreckoning.com.au

Mark Mobius: ‘Future Is Bright’ For Emerging Markets
By Editor
Yesterday, I introduced a new thoroughbred to our stall of investment legends— Mark Mobius, the “Pied Piper of Emerging Markets.” I was looking forward to hearing the latest from the head of the Templeton Global Emerging Markets Equity ...
Investorazzi.com - http://www.investorazzi.com


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Tuesday, April 1, 2008

Voice of the Market- Monday, 31 March

Last trading day: Monday, 31 March

3:55 PM - It was a bad start to the week! After raising hopes on Friday, the market disppointed today and fell due to high inflation, bad global cues and the ICAI ruling. The Sensex ended the day at 15,644, losing 726 points from the previous close. Nifty shut shop below the 4750 mark, at 4734, down 207 points. CNX Midcap index lost 1.8% and BSE Smallcap index, down 0.8%. Banking, IT and realty stocks were dumped, while healthcare stocks were picked up. Biggest losers on the Sensex included HDFC, ICICI Bank and DLF, while Cipla, Mahindra & Mahindra and Bharti were among the gainers. 

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3:47 PM - And that was the end of the financial year '08, which, numbers say was a good year! The Sensex gained 19% and the Nifty, 23.2% in FY08, reports CNBC-TV18. BSE Midcap index added 28% and BSE Smallcap, 21%. BSE Metal index gained 64%, BSE Oil & Gas index, up 55% and BSE Capital goods index, up 53%. But BSE IT index lost 28% and BSE Auto index, 7.7%. 

3:31 PM - Negative global cues, high inflation and the ICAI ruling that companies need to show their mark-to-market losses of all outstanding derivative contracts kept the market pinned down today. The blow was even worse during the last hour of trade. Sensex closed at 15,563, down 808 points (provisional) from the previous close. Nifty shut shop at 4708, down 233 points (provisional). 

3:28 PM - If RPL is able to hold Rs 148-150, then there is a possibility that a pullback may take it to Rs 190, says Salil Sharma, technical analyst, on Zee Business. The stock is currently trading at Rs 157, down 2.9% on the BSE. 

3:24 PM - Tata Power has a target of Rs 1,250, says Simi Bhaumik, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1,170.50, down 3.4% on the BSE. 

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3:17 PM - The Nifty could not cross 4950 after touching it on Friday and it fell below 4750 today are the two big negatives, says Rahul Mohindar, technical analyst, on CNBC-TV18. If it closes below 4750, then there are chances that it might test 4400 again, he adds. 

3:08 PM - If the Nifty took some support at 4720-4726 today and if this breaks, then it can fall to 4600, says Rajat Bose, technical analyst, on CNBC Awaaz. 

3:00 PM - The cut has got deeper! Sensex is now trading 703 points lower from the previous close, at 15,667. The BSE 30-share index has touched an intra-day low of 15,615 in trade so far. Nifty is at 4742, down 199 points. CNX Midcap index is down over 2% and BSE Smallcap index, down 1%. 

2:55 PM - Godrej looks good on the long term charts, says a technical analyst, on CNBC Awaaz. FMCG stocks are expected to do well going forward, so hold the stock for 1.5-2 years for good returns, he suggests. The stock is currently trading at Rs 260.45, down 9.3% on the BSE. 

2:49 PM - PNB Gilts can possibly go to Rs 30-32, says a technical analyst, on CNBC Awaaz. The long term charts of this stock look fine and one can look at accumulating more at Rs 20-22, he says. In another 2-3 years, the stock may see newer highs, he adds. It is currently locked on a upper circuit at Rs 27.90. 

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2:40 PM - There seems to be limited downside in cement stocks now, says Hemen Kapadia, technical analyst, on CNBC Awaaz. India Cements has supports at Rs 183, 175 and 160, he adds. It is currently trading at Rs 187.70, down 3.4% on the BSE. 

2:32 PM - Jagran Prakashan has an intermediate support at Rs 86-87 and as long as it stays above this, there is no need to fear a downtrend here, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 89, down 5.4% on the BSE. 

2:24 PM - Infosys is giving a medium term buying opportunity now, says E Mathew, technical analyst, on CNBC-TV18. So this could be more than just a pullback rally, he adds. The stock has support at Rs 1,300-1,340, he says. 

2:16 PM - Kalpataru Power has support at Rs 975 and will face resistance at Rs 1,146-1,200, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Continue to hold the stock, as it is due for a recovery, he suggests. It is currently trading at Rs 1,058.80, down 6.6% on the BSE. 

2:08 PM - European markets have opened lower too. The market back home is off the day's lows, but key indices are still trading below important levels. Sensex is currently at 15,783, down 587 points from the previous close. Nifty is at 4785, down 156 points. Market breadth is weak, with 511 advances against 714 declines on the NSE. 

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2:07 PM - For the short term trend to remain up, it is important for the Nifty to close above 4730 today, says E Mathew, technical analyst, on CNBC-TV18. 

2:00 PM - If Suzlon can cross the resistance of Rs 282, then one can expect it to go to Rs 300-301, says Anu Jain, technical advisor, on Zee Business. The stock is currently trading at Rs 263.70, down 2.3% on the BSE. 

1:52 PM - JP Associates will face problem in crossing Rs 245 on the upside, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. If you have a minimum of 6 months time, then no worries; but if you are a short term trader, then book your profits, once the stock moves up by another Rs 5-7, he suggests. It is currently trading at Rs 229.70, down 4.5% on the BSE. 

1:44 PM - In the power sector, NTPC looks poised for a breakout, says Anu jain, technical advisor, on Zee Business. The stock is currently trading at Rs 199.15, down 2.5% on the BSE. 

1:37 PM - There is a lack of buying interest from institutional investors, say dealers, reports CNBC-TV18. Domestic funds are waiting on the sidelines, while there is some buying form insurance companies, they say. The market is currently nervous due to high inflation and the ICAI ruling that says the companies should reveal their mark-to-market losses of all outstanding derivative contracts under AS 30 norms. 

1:30 PM - If Cipla can cross Rs 222-223 decisively, then it can go up to Rs 270-275, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 220.70, up 1.5% on the BSE. 

1:22 PM - Asian Electronics can go up to Rs 280-300 in the medium term, says Hemen Kapadia, technical analyst, on NDTV Profit. One can buy the stock at current levels, also because the downside seems limited here, he adds. The stock is currently trading at Rs 203.75, down 0.4% on the BSE. 

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1:15 PM - Sensex is currently trading at 15,699, down 671 points from the previous close. Nifty is at 4753, down 188 points. CNX Midcap index is down over 2%. Market breadth has turned even weaker; 466 advances against 755 declines on the NSE. 

1:08 PM - India is still a preferred long term story in Asia in 2008, says Geoff Lewis, Head of Investment Services at JF Asset Management, on CNBC-TV18. He is relatively cautious on global markets and expects volatility there. The slowdown in US may cause short term cyclic unwinding in commodities, he says. 

1:04 PM - DLF is a buy at current levels as it is setting stage for a rebound, says Hemen Kapadia, technical analyst, on NDTV Profit. The stock has support at Rs 681 and resistance at Rs 710, he adds. 

1:00 PM - Punj Lloyd has support at Rs 315-310 and resistance at Rs 340-345, says Anu Jain, technical advisor, on Zee Business. The stock is currently trading at Rs 323.40, down 2.9% on the BSE. 

12:52 PM - The worst seems to be almost over in JP Hydro, says Hemen Kapadia, technical analyst, on NDTV Profit. Hold the stock, as it can see Rs 90 in the next 5-6 months, he says. It has support at Rs 49 and resistance at Rs 63, he adds. The stock is currently trading at Rs 55.35, down 3.4% on the BSE. 

12:44 PM - The market is witnessing tremendous selling pressure. Key indices are trading close to the day's lows. Sensex has fallen below 15,800 and is currently at 15,741, down 630 points from the previous close. Nifty too has fallen below 4800 and is trading at 4770, down 171 points. CNX Midcap index is down 1.9% and BSE Smallcap index, down 0.3%. IT and banking stocks are getting dumped. Market breadth is weak, with 504 advances against 707 declines on the NSE. 

12:39 PM - RNRL is a buy at current levels for a short to medium term target of Rs 121-140, says Hemen Kapadia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 103, down 2.3% on the BSE. 

12:32 PM - ONGC is a good buy close to Rs 905, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. It has support in the band Rs 910-850 and resistance at Rs 1,100-1,160, he adds. It is currently trading at Rs 1,035, down 1.6% on the BSE. 

12:25 PM - HDIL has a short term target of Rs 800-845, says Simi Bhaumik, technical analyst, on NDTV Profit. The stock is currently trading at Rs 714.70, down 0.9% on the BSE. 

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12:19 PM - Bhushan Steel is a hold at current levels, as it can go up to Rs 1,100 in 4-5 months on a rebound, says Hemen Kapadia, technical analyst, on NDTV Profit. The stock has support at Rs 619 and resistance at Rs 746, he adds. It is currently trading at Rs 724.95, up 0.4% on the BSE. 

12:10 PM - Merrill Lynch has a 'buy' rating on KPIT Cummins, with a target price of Rs 105, reports NDTV Profit. The stock is currently trading at Rs 77.50, up 0.7% on the BSE. 

12:03 PM - The market is still trading lower, dragged down by IT, banking and capital goods stocks. Sensex is currently trading at 15,929, down 441 points from the previous close. Nifty is at 4821, down 120 points. But some buying has emerged in FMCG,healthcare and consumer durables space. 

12:00 PM - DLF may face resistances at Rs 740,785 and 795, where one can look at booking profits, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 676.75, down 2.7% on the BSE. 

11:51 AM - PNB is a hold at current levels as the downside is limited, says Hemen Kapadia, technical analyst, on NDTV Profit. The stock has support at Rs 509 and may resistance at Rs 553, he adds. It is currently trading at Rs 513.90, down 2.6% on the BSE. 

11:44 AM - Cairn India is a buy on every 5-7% declines from here, says Vijay Bhambwani, technical analyst, on CNBC-TV18. It will face resistances at Rs 235, Rs 250 and Rs 270, he says. But if you have 4-6 quarters view, then the stock has a target of Rs 350, he adds. It is currently trading at Rs 215, down 6.6% on the BSE. 

 

11:36 AM - Reliance Capital has a short term target of Rs 1,600 and Reliance Energy, of Rs 1,450, says Simi Bhaumik, technical analyst, on NDTV Profit. Reliance Capital is currently trading at Rs 1,381.90, down 1.2% and REL at Rs 1,307, down 2%, on the BSE. 

11:28 AM - If Reliance Capital can break 1,550 on the upside, then it can go up to Rs 1,700, says MB Singh, technial analyst, on Zee Business. The stock is currently trading at Rs 1,369.90, down over 2% on the BSE. 

11:21 AM - BHEL has a short term target of Rs 2,200-2,245, says Simi Bhaumik, technical analyst, on NDTV Profit. The stock is currently trading at Rs 2,004, down 4.2% on the BSE. 

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11:12 AM - Orchid Chemicals will face significant selling pressure at Rs 175-180, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 154.35, up over 7% on the BSE. 

11:05 AM - The market is trading even lower. Sensex is currently below 16,000 at 15,911, down 459 points from the previous close. Nifty is at 4817, down 124 points. All sectoral indices are trading lower, with that of IT, banks and capital goods beaten up the most. 

11:00 AM - ITC and Cipla are expected to outperform going forward, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. Cipla can go to Rs 245-250 in the next 4-6 weeks and ITC to Rs 225-230, he adds. Cipla is currently trading at Rs 220.20, up 1.2% and ITC is at Rs 207.80, up 0.7% on the BSE. 

10:54 AM - TCS is a hold at current levels, as it can go up to Rs 980-985 in times to come, says MB Singh, technical analyst, on Zee Business. Above this, it can also go to Rs 1,100, he adds. The stock is currently trading at Rs 844.50, down 2.9% on the BSE. 

10:46 AM - Adlabs is seeing a technical bounce for now and if the market continues to rally, then it can see Rs 775-790 too, says Anil Maghnani, technical analyst, on CNBC-TV18. One should use every rise in this counter as a selling opportunity, he suggests. The stock is currently trading at Rs 662, down 3.2% on the BSE. 

10:40 AM - L&T has bagged an order worth Rs 576 crore order from HPCL. L&T is currently trading at Rs 3,045, down 3.2% on the BSE. 

10:33 AM - It will be very difficult for PNB Glits to cross Rs 30-31, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. So look at exiting the counter at these levels, he suggests. It is currently trading at Rs 27.60, up 10% on the BSE. 

10:26 AM - Reliance Capital will face a major resistance at Rs 1,486, says Anil Maghnani, technical analyst, on CNBC-TV18. If this is crossed, it can go up to Rs 1,760, he adds. The stock is currently trading at Rs 1,369.80, down 2.1% on the BSE. 

10:19 AM - Ispat Industries has support at Rs 28-25 and is currently in a recovery mode, says Simi Bhaumik, technical analyst, on NDTV Profit. One can buy the stock with a short term target of Rs 37-40, keeping a stoploss below Rs 25, she suggests. It is currently trading at Rs 34.20, up 5.4% on the BSE. 

10:13 AM - Tata Motors can be a good buy close to Rs 620-630, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The stock is currently trading at Rs 641, down 0.8% on the BSE. 

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10:07 AM - ITC looks positive on the charts, says Simi Bhaumik, technical analyst, on NDTV Profit. It will face major resistance at Rs 212-214 and if this level is crossed, then the stock will acquire a fresh momentum, she says. It has support at Rs 190-185 and as long as it stays above this, one can accumulate the stock with a stoploss below Rs 185, she suggests. 

10:01 AM - The Nifty is expected to be rangebound between 4800-5200 for sometime, says Deven Shah, technical analyst, on NDTV Profit. He sees short to medium term bullrun and expects midcaps like Essar Oil and Bajaj Hindusthan to do well in it. 

9:56 AM - The market has opened lower on Monday. Sensex is currently trading at 16,146, down 224 points from the previous close. Nifty is at 4871, down 70 points. CNX Midcap index opened 0.3% lower. 

9:50 AM - The market may open lower today, but recover soon, says an NDTV Profit Poll. Nifty range is expected to be 4850-5000. Stocks to watch are L&T, Bartronics and the IT stocks. 

9:42 AM - One can look at buying into sectors like IT, sugar and even capital goods for the short term, as a good rup-up is expected here, says Simi Bhaumik, technical analyst, on NDTV Profit. Her top picks are BHEL, REL, HDIL, Reliance Capital and Tata Power. 

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