STOCKS


Moneylife Digital Team 31 October 2011
The support for Nifty is at around 5,230 After notching gains of around 6% last week on global cues, the market snapped its four-session winning streak and ended lower. In our Friday’s closing report we had mentioned that the shares may suffer a minor pullback that will see the Nifty...

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Chances of Obama getting a second term seem impossible, say the pundits. The state of the US economy is going from bad to worse. The Occupy Wall Street campaign is made up of those who had chanted “Yes, We Can!”... This movement could give the current American president a big boost 

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Moneylife Digital Team 29 October 2011
We may now see the market pausing for breath with the support at 5,265 The Indian market closed higher in the truncated week as investor sentiments received a huge boost on Friday following an agreement reached by European leaders to end the two-year debt crisis in the continent....

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Vidur Pendharkar 29 October 2011
The bulls have put the bears under pressure and needn’t get worried as long as the 5,164 level holds in any correction S&P Nifty close: 5,360.70 Market Trend Short Term: Upwards; Medium Term: Sideways; Long Term: Sideways The Nifty opened on a better note for the week...

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The market rally may flatter to deceive From a low of 4,728 on 4th October, the Nifty was trading at 5,340 at the time of writing this piece. It has been a staggered but determined rally of 13%. Has this changed anything? Yes and no. What has changed is that any immediate steep decline...

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Moneylife Digital Team 28 October 2011
Nifty may find support at 5,265 The Indian market settled nearly 3% up on news of a settlement reached by European leaders to defuse the debt crisis plaguing the region. In our Tuesday closing report, we had mentioned that the Nifty would reach the level of 5,220 and then to 5,320. Today...

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Moneylife Digital Team 26 October 2011
The exchange decided to annul all the derivatives trades transacted during the ‘Muhurat’ trading due to large movement of the Sensex futures Mumbai: The Samvat 2068 began on a sombre note as the country’s premier stock exchange Bombay Stock Exchange (BSE) on Wednesday decided to annul...

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Moneylife Digital Team 25 October 2011
Nifty may hit 5,320 in the short-term Factoring in the 25 basis point rate hike by the Reserve Bank of India (RBI), the market, which witnessed a sharp fall following the announcement, gathered momentum and closed sharply higher. Yesterday we had mentioned that the Nifty would move in...

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Moneylife Digital Team 25 October 2011
 Expanding services & increasing penetration across verticals Mumbai-based eClerx Services provides outsourced solutions to global enterprise clients (knowledge process outsourcing or KPO) from its offshore delivery centres in India. Its services comprise data analytics, operations...

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Moneylife Digital Team 25 October 2011
This auspicious occasion has seen good buying—the Sensex has gained 1% (or more) on 13 out of the past 15 occasions. Last year saw the index at an all-time high of 21,004 points. But the next trading day has not lit up the index—the Sensex has closed on a negative note on 10 out of the last 15...

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Moneylife Digital Team 24 October 2011
The Nifty may move in the range of 4,990 and 5,160 In Friday’s closing report, we had mentioned that the Nifty is in a directionless state. The support lies at 4,975, while the upside resistance is at 5,160. Today, the Nifty tried crossing this resistance, but failed. After opening...

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Moneylife Digital Team 24 October 2011
The IPO market has again become a happy hunting ground for manipulators. Out of the seven offerings (most graded with ‘below average’ fundamentals) listed this month, three hit their all-time lows today, while two others hit their all-time highs. When will the powers-that-be step in? As...

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Moneylife Digital Team 21 October 2011
Nifty to move in a range of 4,975 and 5,160 A huge sell-off in the post-noon trade, amid a volatile session, resulted in the market closing in the negative for the second day. Although the Nifty ended in the negative, it witnessed a higher high and a higher low today. Today’s fall on the...

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 Politicians treat natural resources as private jagirs In the early 1990s, when journalists were just beginning to get information that Enron Corporation was wangling extraordinary terms and prices for its expensive power project at Dabhol, an activist and former corporator from Mumbai was...

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M and B Switchgear, with ‘below average’ fundamentals, closed at a premium of 71% after falling 34% from its listing price on 20th October. Five firms controlled by a common director seem to have made a consolidated profit of Rs8.41 crore from the opening day's trading alone Yesterday (

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Moneylife Digital Team 20 October 2011
Demand is steady, RoE is great and the stock is inexpensive Government-controlled NMDC (formerly National Mineral Development Corporation) is India’s largest iron ore mining company. It also extracts copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin,...

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The PM has studiously ignored appeals to him Dubious deals in infrastructure projects—power, telecom, road and bridges—is the other side of the systematic loot of India’s resources by a small powerful cabal. The UPA government seemed to have hit upon a policy of clearing shady projects—mainly...

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From a buyer, Anil Ambani is now a seller The magic is gone. Last week, when Anil Ambani announced to shareholders his plans to sell stakes in his telecom, asset management and general insurance businesses in order to reduce his enormous, acknowledged debt burden of Rs31,975 crore—it had all...

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Moneylife Digital Team 18 October 2011
The next support for the Nifty is at 4,970. Volumes were sharply lower in today’s fall Asian markets opened weak today, followed a sharp fall in the US markets on Monday, leading to a weak opening in domestic bourses. The Sensex opened 208 points below the previous close at 16,817, while...

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Moneylife Digital Team 17 October 2011
Nifty is ranged between 5,070 and 5,160 The market ran out of steam today after notching up gains of 5% last week. Reliance Industries was the top loser, following reports that the company plans to suspend drilling activity till it completes a review of its exploration and production...

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