STOCKS


Moneylife Digital Team 19 March 2013
Nifty may try to bounce back but may get stalled at 5,820   The market closed in the red for the third straight day following the pullout of the DMK from the ruling UPA led coalition government at the Centre. A statement by the RBI in its mid-quarter policy review that, “headroom for...

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Moneylife Digital Team 18 March 2013
Unless the Nifty closes above 5,970, the market is headed lower   The market settled in the negative as cautiousness prevailed a day ahead of the RBI’s policy review and on weak global cues. Unless the Nifty closes above 5,970, the market is headed lower. The National Stock...

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Moneylife Digital Team 16 March 2013
If Nifty goes below 5840, it may break the recent low of 5,664   The market settled lower as economic indicators released during the week pointed to a slowdown in growth and on nervousness ahead of the Reserve Bank of India’s (RBI) policy review, due on 19th March. Unsupportive global...

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Moneylife Digital Team 15 March 2013
  If the Nifty breaks below 5,840 next week, the market may go below the recent bottom of 5,664   A sell-off in realty, banking and oil & gas stocks after the government and the RBI said it they would probe the money laundering charges in the top three private charges, dragged the...

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Moneylife Digital Team 14 March 2013
Nifty may get resisted at 5,920-5,950, followed by a significant decline   The market closed in the green, recovering all the losses incurred on Wednesday and snapping its three-day losing spree, on a smart performance by realty, banking and capital goods sectors. The Nifty may...

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Moneylife Digital Team 13 March 2013
Nifty may try to rally but it may not sustain beyond 5,920   The market settled over 1% lower as investors wait for the release of the headline inflation numbers for February tomorrow. Lacklustre global markets also weighed on the sentiments. The Nifty may try to rally but it may not...

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Moneylife Digital Team 12 March 2013
Nifty will now move sideways in the range of 5,880-5,980 The market settled lower as the economic indicators released today dashed hopes of the Reserve Bank of India (RBI) cutting rates in its policy review next week. The Nifty will now move sideways in the range of 5,880-5,980. The...

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Moneylife Digital Team 12 March 2013
Nomura has come up with its fortnight valuation monitor and finds that forward Sensex PE is at 13.3x after a minor downgrade in EPS. Earnings for Sun Pharmaceuticals, NTPC, Power Grid Corporation, GAIL and UltraTech Cement have been upgraded Nomura Equity Research (Nomura) has come out...

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Moneylife Digital Team 11 March 2013
As suspected, the Nifty has stalled. The next two days will determine whether we see a pullback or a rally to new short-term highs. If the market goes down, the support is at 5,865 The market snapped its four-day gaining streak and settled lower amid a highly volatile session on...

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Moneylife Digital Team 11 March 2013
ESS has come out up with its monthly report and realised that its expectations were too high and needs toning down. But it still remains optimistic and expects the economy to recover and RBI to slash interest rates The latest brokerage to get “seduced and dumped” is Espirito Santo...

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Moneylife Digital Team 11 March 2013
A low margin business with virtually no institutional holding    Supreme Petrochem (SPL), with a market share of more than 50%, is the leader in polystyrene (PS) business in India. SPL is also the largest Indian exporter of PS, exporting to over 80 countries around the globe. SPL’s...

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Valuations are not compelling and since poor governance is unable to deal with inflation, fiscal deficit and current account deficit, earnings growth may be muted. A big worry: consumption growth is low and savings rate has fallen sharply. Bulls face a tough going. Analysis by Debashis Basu...

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Moneylife Digital Team 09 March 2013
The Nifty will find it hard to break through 6,000 in this rally. If it does, the next resistance would be around 6,025 The market settled in the green, snapping its five week losing streak, mainly on signs of economic activity across the world picking up. Positive indicators from Japan,...

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Moneylife Digital Team 08 March 2013
Nifty will hit a resistance on Monday but if it manages to close above 5970, the rally may continue The market closed in the positive for the fourth day in a row on gain in oil & gas, FMCG, metal and banking stocks. Positive global cues supported the sentiments. Nifty will hit a...

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Moneylife Digital Team 07 March 2013
The Nifty has crossed the first target of 5,850. The next target is around 5,940   The market closed in the positive aided by a splendid recovery in the second half of trade, settling higher for the third day in a row. The Nifty has crossed the first target of 5,850. The next...

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Moneylife Digital Team 07 March 2013
CRISIL is not a stock broker which is not serious about its buy calls and target prices. Indeed, CRISIL’s ‘analysts’ are supposed to be more hardnosed than equity analysts, given that CRISIL is an ‘expert’ in rating debt. If so, what can explain this kind of analysis and recommendation?...

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Moneylife Digital Team 06 March 2013
The rally that started on Monday morning may last for another two days. The Nifty may stall at around 5,850   The rally that started on Monday morning may last for another two days. The Nifty may stall at around 5,850.  The National Stock Exchange (NSE) recorded a volume of 72.52...

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Moneylife Digital Team 06 March 2013
The government could raise between Rs250-Rs300 crore from the stake sale. The government holds 92.5% stake in RCF and the paid-up capital of the company is Rs551.69 crore The government is set to offload 12.5% stake in Rashtriya Chemicals and Fertilizers (RCF) through the Offer for Sale...

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Moneylife Digital Team 05 March 2013
Nifty strengthened above yesterday’s low and closed, up 1.50%, the maximum one-day percentage gain since 29 November 2012. The index may move up to 5,900, subject to dips   The market, which was in the positive since the opening bell, settled near its highs on supportive global cues....

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Moneylife Digital Team 05 March 2013
NSE said the members opting for the ‘T+0’ facility would need to make the payments by 8.30am on the next settlement day, before the opening of the next trading session The National Stock Exchange (NSE) has introduced a same-day settlement scheme ‘T+0’, under which members can save on...

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