Mkt look positive till budget

Fears of monetary tightening at home and tougher rules for US banks to invest in equities cast a shadow over the market last week. Worries of monetary tightening, however, receded for the time being on Friday, 29 January 2010 when the Reserve Bank of India left interest rates unchanged while raising cash reserve ratio by 75 basis points.

Meanwhile, US President Barack Obama stunned markets last week by unveiling new rules for US banks that would potentially restrict their size and prohibit them from certain business activities. US market recoiled on the concern that banks could begin to restrict lending activities just as the global economy is recovering from a deep recession.

BSE Sensex fell 501.72 points or 2.98% to 16,357.96 in the week ended Friday, 29 January 2010. S&P CNX Nifty tumbled 153.95 points or 3.05% to 4882.05.

BSE Mid-Cap index fell 273.86 points or 4.04% to 6,509.80 in the week. BSE Small-Cap index dipped 428.49 points or 4.95% to 8,232.68. Both these indices underperformed the Sensex.

Last week there were IPO of Syncom Healthcare, Thangamayi Jewellery, Vascon Engineers & Aqua Logistics. In the coming week, we have few more D B Realty, Emmbi Polyarns, NTPC and Aqua Logistics(revised).

Indian Stock market is highly oversold and a bounce back is very much anticipated. Nifty is expected to trade in the range of 4800 to 5000 in the coming week and can see a maximum upside of 5300 in this series. One could do cherry picking for the month of Feb. We could see positive outlook from here to Union budget

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

Wall of worries seem to be mounting as the Indian markets extended losses for second consecutive week. Benchmark indices witnessed a deeper cut led by heavy offloading in interest rate sensitive stocks. Fear over China's bid to cool down its economy coupled with US President Barack Obama's decision to put restrictions on banks further hit traders and investors mood. Also, expectations that RBI may tighten CRR for banks (which indeed came on Friday, CRR was hiked by 75bps and reverse repo was untouched) dampened the mood on Dalal Street. Finally, the BSE Sensex lost 3.1% and NSE Nifty lost 3%.Sensex intra-week high of 16,878 and low of 15,982Nifty intra-week high of 5,035 and low of 4,766

The top losers in the Sensex were Tata Motors (down 10.8%), Tata Steel (down 8.9%), Hindalco Inds (down 8.7%), Wipro (down 7.4%) and Hindustan Unilever (down 6.1%).

The top gainers:The top gainers in the Sensex were BHEL (up 1.1%) and ITC (up 0.4%). The BSE IT Index (down 4%): The top loser in the IT sector was HCL Tech. The stock declined by 9.4% during the week Wipro (down 7.4%), Mahindra Satyam (down 7.3%), Patni Computer (down 5%) and Oracle Financial (down 4.5%) were among the other major losers.

The BSE Consumer Index: The top losers in the Consumer Durables space were Whirlpool (down 11.5%), Su-Raj Diamonds (down 6.7%), Samtel Color (down 4.2%), Videocon Industries (down 3.5%) and Blue Star (down 2.5%).

The BSE Healthcare Index (down 1.5%): The top losers in the Pharma sector were Dishman Pharma (down 14.1%), Zandu Pharma (down 11.7%), Emami (down 9.2%), Natco Pharma (down 8%) and Glenmark Pharma (down 7.9%).The top gainers were Cadila Healthcare (up 10.5%), Torrent Pharma (up 9.4%), Sun Pharma (up 2.9%), Astrazeneca Pharma (up 1.6%) and Piramal Healthcare (up 1.2%).

The BSE Banking Index (down 2%): The top losers in the banking space were IOB (down 13.7%), BOI (down 6.9%), Federal Bank (down 5.6%), Yes Bank (down 3.9%) and Kotak Mahindra Bank (down 3.8%).The top gainers were OBC (up 8.1%), BOB (up 5.2%), Allahabad Bank (up 4.8%) and Canara Bank (up 0.1%).SBI slipped 1.5% during the week.

The BSE Auto Index (down 6%):The top losers in the auto space were Tata Motors (down 10.8%), Swaraj Mazda (down 7.9%), Hindustan Motors (down 6.4%) and Eicher Motors (down 6.4%), Maruti fell 4% during the week.M&M lost 10% during the week.

The BSE Oil & Gas Index (down 1.3%): The top losers in the oil & gas space were Hindustan Oil (down 9%), Gujarat NRE Coke (down 8.2%), Great Offshore (down 6.6%), BPCL (down 5.4%), HPCL (down 5.1%), ONGC (down 1.6%) and Reliance Industries (down 0.7%).Shiv-Vani Oil rose 1.4% during the week.

The BSE Capital Goods Index (down 1.5%): The top losers in the Capital Goods space were Aban Offshore (down 9.2%), Praj Industries (down 9.1%), BEML (down 8.7%), Astra Microwave (down 8.3%) and LMW (down 8%).The top gainers were Crompton Greaves (up 5.3%) and ABB (up 0.4%). BHEL advanced 1.1% during the week. The company would be signing a joint venture Agreement with Madhya Pradesh Power Generating Company for a formation of a joint venture Company to set up 2x800MW supercritical Thermal Power Plant in Khandwa, Madhya Pradesh.Siemens added 2.2% during the week. The company posted a net profit after tax of Rs2.36bn for the quarter ended December 31, 2009 as compared to Rs3.30bn for the quarter ended December 31, 2008. Total Income has increased from Rs18.63bn for the quarter ended December 31, 2008 to Rs18.66bn for the quarter ended December 31, 2009.

The Cement Sector: The top losers in the cement sector were Kakatiya Cement (down 13.1%), JK Cements (down 12.3%), Dalmia Cement (down 11.4%), Binani Indus (down 10.7%) and Madras Cements (down 10.4%). Ultratech Cement advanced 2% during the week.

The Telecom Sector: The top losers in the telecom were TTML (down 9.2%), MTNL (down 8.3%), Shyam Telecom (down 8.3%), RCom (down 6.5%) and WWIL (down 6%).The top gainers were Himachal Futuristic (up 13.6%).Bharti Airtel dropped 5% during the week

The Realty Sector (down 6.7%): The top losers in the Realty sector were Ansal Properties (down 6.6%), Unitech (down 6.4%), Omaxe (down 6.4%), HDIL (down 6.4%) and Anant Raj Indus (down 6.3%). DLF declined 5.4% during the week

The Metals sector (down 8%): The top loser in the metals sector was Tata Steel. The stock fell 9% during the week. SAIL declined 5% during the weekAmong the other major losers were Bhushan Steel (down 7.5%), Jindal Steel (down 6.9%), Adhunik Metaliks (down 5.9%) and Sunflag Iron (down 5%).

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

Strong & Weak Stocks This is list of 10 strong stocks:
Bank of Baroda, Rolta, Allahabad Bank, Siemens, Sun TV, Triveni, Orient Bank, Pantaloon Retail, GTL Infra & Uco Bank.
And this is list of 10 Weak stocks:
IOB, Ivrcl Infra, Orchid Chem, Praj Industry, LITL, Sesa Goa, Polaris, Sterlite India, GT Offshore & LT. Nifty is in Down trend

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

FUNDS DATA
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 29-Jan-2010 2966.14 3962.23 -996.09

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 29-Jan-2010 2328.14 1317.12 1011.02

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

Be cautious as China performing badly ... Hang Seng making fresh low ... 2 years back Hang Seng had a major role on Indian Market to fall ...

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

Nifty has closed just around 4900 but still the rebound is not looking confident and
Tuesday could be a crucial day for the markets. Nifty has managed small gains in the past
three days and now must cross and trade consistently above 4950. On the other hand close
below 4830 again could reinforce the downtrend. Certain stocks that look positive are Can
Bank, Tata Motors, educomp, Siemens, Bajaj Hind, Axis Bank and Cipla.
Nifty has immediate support around 4820-30 and then around 4760 while significant resistance
is seen around 4935-4960.

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

FUNDS DATA
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 01-Feb-2010 2035.96 2530.62 -494.66
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 01-Feb-2010 1130.61 930.78 199.83

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

White House adviser Paul Volcker will urge Congress to curb the risks taken by large banks to help prevent them from being treated as "too big to fail," according to testimony obtained by Reuters.

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

forwarded news == not verified yet ==market rumour SEBI head Bhave: Retail, institutions must pay trading margins - Negative for markets.Nifty 4800 and Sensex 16000 should not close below for 2days

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley

FUNDS DATA
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 02-Feb-2010 2475.64 2930.65 -455.01


DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 02-Feb-2010 1047.24 1005.31 41.93

__________________
"If I engage God in my battles and surrendermyself totally to him and his will, I would never lose. In a bettle there is one general. I shouldn't get in Gods way to be general. The best way to fight your battles is on your knees." Charles stanley