Market report 9 April 08

Absence of any trigger made sensex to follow its asion peers and on account of heavy selling in LNT sensex lost some ground . The nos will be start coming soon also traders are taking some positions on account of expectation that there might be some good nos from leading IT and mid cap comp. IF rupee falls further you may see some value in It comp from this posint of time .

Sensex loss was mainly on account due to the no volumes in the market , mostly retail investor is sitting away from the market and its only traders who are playing .
FUnd houses are sitting on huge surplus to be invested so asthe FII but when would the the time came no body knows.
IF some one from this point of time quits the market he is the biggest looser , according to us down the line you will see the bullishness back and then u will feel sorry for your action . Believe in India growth story and invest step wise.
Further with elections in pipeline there could be some chance that markets may underperform for some time and that would be the critical period for the investors to hold down their breaths ..

Today on account of absence of any positive clues , markets may open a bit weak .
Mid caps are showing strength as they showed yesterday ..
We expect some value buying in selective mid cap counter and stock specific action would be there ..
Orchid chem has risen enough on the rumurs and now its time to reap ..
We at moneygurus have given you the buy call of Orchid at 120 Rs .. now its 240 on accout of rumurs or fundamentals its all destiny.
Three lakh Orchid shares were picked up from the open market by the management of Apollo Hospitals


Rel capital is another stock that is witnessing lot of action . with 1050 acting a strong support we maintain buy call in this scriots in declines at 1080 to 1150 lvls.. nerterm trgts are 1380-1420..

Mumbai based Spanco Tele is looking to expand to China, Malaysia..

GTL Infrastructure and the Essar Group have agreed to combine their telecom tower businesses into one entity in a transaction that could be worth at least $2 billion..

Brandhouse Retails Ltd, the retail arm of textile company S Kumars Nationwide Ltd, would launch a chain of stores selling private label clothes ..
..

Trade according to direction in markets ..'

Have a grt day !!!

Market report 07 -April 08

Inflation rose to 7% and the reaction is already seen in the markets on friday where we have seen a dull session througout the day with negative closing and sensex closing to the heavy loses.Though goverement is taking steps to control the inflation by lowering the import duty banning the exports and other thing but these measures seems to be taking time to control the inflation . Markets are expected to trade in the same dullish manner with bias towards the bearish zone . The no clue markets are always like that . the next trigger markets could see is the IIP numbers that are to be released on the friday . Although the asian markets are trading firm we may underperform as usual and give away all morning minor gains to late hours of trading . becasue of domestic negative newz flow.

keep an eye on ....

Bharat Heavy Electricals Ltd (Bhel), has lined up an investment of Rs 900 crore for its non-core operations...

Wockhardt Ltd is planning to raise funds through Private Equity for its group company Wockhardt Hospitals..

JK Tyres is looking to invest Rs 480 cr for capacity expansion ..

Lanco Infratech Ltd will call for bids to procure equipment for its 500-megawatt Teesta VI hydropower project by the end of this month.

WE suggest the wait and watch policy for today with no trades as markets look totally clueless..

have a grt week!!!