Welcome to the bear market , yes the markets are sure shot in the hands of bears , the sensex closing below 200 DMA was not considered good for the investors however the long term investors are not need to worry , but short term we in very bad situation , Each and every rally is being looked out by sellers for selling and profit booking . We have came down from the range bound trading of 5000 -5600 , and are now trading in range of 4600-5000 in nifty .
The volumes are dropped drastically and arein very bad shape, the front liners along with mid caps are in very bad shape and are in over sold positions specially mid caps and banking sector stocks like icici , kotak , bank of baroda.
The friday was again saw was a black friday and usually it is termed in market taht balck friday always welcomes balck monday . but we dont thinks so , yes punters are betting for black mopnday but technicall we dont see it , yes a weak opening is there due to the bad and weak gloab cueus.
DOw fell but recovered later , the job nos that came on friday were worst and bad as were expected. Nikkei and asian markets are trading a bit weak and is lost more then 100 points .
THe rate cut expectation are again boursed higher with Yen again strengthing against dollor.
The Us markets is expecting the 75bps rate cut in the coming Fed meet .
The rate cut could act as the positive trigger and we can see some sought of relief rallies in our markets too.
Back home political uncertaininty and bad inflation nos have also taken part and deserve the full credits for the friday fall .
The STT on capital gains was alredy in effect and as we said some of the big FII and Fund houses did'nt liked it and here we are you can see the condition of markets.
Coming time nifty at 4600 could be support for the markets and range could be to 4600-5100 in nifty any rally we suggest to book profits ..
Financial stocks are beaten down and brokerage stocks are alredy on carnage ahead of low volumes and STT by FM..
Banking may see sort of short cvrinng today and we expect sensex to recover in later half with slight volumes..
The safest bet here to play is autos and pharma sector..
FMCG is also good to be invested in ..
One important aspect top note here is FII figures in markets on friday..
FIIs were net buyers of Rs 584.26 crore in the futures & options segment on Friday, on Friday, 7 March 2008. They were net sellers of index futures to the tune of Rs 109.65 crore and bought index options worth Rs 387.19 crore. They were net buyers of stock futures to the tune of Rs 300.30 crore and bought stock options worth Rs 6.42 crore..
...
DLF defers Singapore listing of DLF Office Trust, the REIT of DLF Asset, till improvement in market conditions,, the share is buy noww by moneygurus from friday lowss..
M&M to invest Rs23bn in the next two years to develop new vehicles..
Reliance Industries keen to set up a petrochem complex in Qatar, especially for polymer production..
&M, Bharat Forge and Hinduja group may be in race to acquire the main forging unit of Thyssenkrupp for US$1bn..
Tata Teleservices to divest 49% stake in its tower subsidiary Tata Teleservices Infrastructure..
Patel Engineering plans to invest US$100mn over next two years to strengthen overseas operations..
India Cements on look out for opportunities to invest in coal mines abroad and to acquire bulk cargo carriers..
SCI may form a shipyard JV with ABG Shipyard..
Adhunik Metaliks in talks with several PE players to offload 11% stake in its subsidiary, Orissa Manganese & Minerals... keep an eye..
Nifty supp at 4580 and resis at 4900.. mark..
Have a grt weak ...
Rest will take time //..
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Monday, March 10, 2008
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DEMERGERS ..SPLITS.. & BONUS
Rel Power considering bonus .. fund houses says 2:1 or 3:1
Bajaj demerger approved..
RANBAXY demerger approved 1:4 ratio
DLF TO TO demerge into various buzz..
LNT TO HIVE OFF CONCRETE BUZZ
India bulls finc demerger
Unitech demerger story.. retail arm to to seperate..
JSPL stock split newzz 1:5 wat markets are expecting ..
Teledata Record date out for Demerger.
Suzlon Stock Split 1:5 .
19-09 ONGC stock split newz
19-09 Media Video lib considering demerge real estate opr
17-09-07 Rajesh Exports plans to demerge its operations to unlock huge value ..chk the move
14-09-07)Zenith birla along with demerger also considering merger of Tungabhadra Holdings ...
14-09-07)Kirloskar Oil Engines has fixed October 27, 2007 as record date for bonus shares ..
(12-9-07)Banco india ltd (cmp 137) considering the Stock Split ...
Electrosteel Castings Ltd ( Splitt) ..
IDEA to hive off its tower business another demerger(buy recomm)
Anant Raj industreis .. Stock Split 1:5
Zenith Birla demerger rumur ..
REL plans to hive off its EPC division (speculative)*
Valecha Engineering Limited( bonus announced)
GMR( Split)
REIAGRO( Demerger)
NICOLAS p(Demerger)
Bajaj demerger approved..
RANBAXY demerger approved 1:4 ratio
DLF TO TO demerge into various buzz..
LNT TO HIVE OFF CONCRETE BUZZ
India bulls finc demerger
Unitech demerger story.. retail arm to to seperate..
JSPL stock split newzz 1:5 wat markets are expecting ..
Teledata Record date out for Demerger.
Suzlon Stock Split 1:5 .
19-09 ONGC stock split newz
19-09 Media Video lib considering demerge real estate opr
17-09-07 Rajesh Exports plans to demerge its operations to unlock huge value ..chk the move
14-09-07)Zenith birla along with demerger also considering merger of Tungabhadra Holdings ...
14-09-07)Kirloskar Oil Engines has fixed October 27, 2007 as record date for bonus shares ..
(12-9-07)Banco india ltd (cmp 137) considering the Stock Split ...
Electrosteel Castings Ltd ( Splitt) ..
IDEA to hive off its tower business another demerger(buy recomm)
Anant Raj industreis .. Stock Split 1:5
Zenith Birla demerger rumur ..
REL plans to hive off its EPC division (speculative)*
Valecha Engineering Limited( bonus announced)
GMR( Split)
REIAGRO( Demerger)
NICOLAS p(Demerger)
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