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4:30 PM - It was a volatile week for the Indian market which saw a couple of day
s of consolidation and then major weakness which caused the indices break all im
portant support levels in a sell-off brought about partly by weak domestic and s
ome negative global cues. Poor earning numbers from heavyweights, weak IIP data
and a sell-off in Korea and China had our market reeling under pressure of major
profit booking, despite a strong bump-up during mahurat trading last week. This
week's performance was poor and the numbers are: Sensex down 4.2% and Nifty dow
n 4%. CNX Midcap index was down 2.9%, BSE Smallcap index down 1.3% over the week
. BSE Realty index was down 6.8%, BSE Bankex down 6.1%, BSE Metal index down 3.2
%, BSE IT index down 2.6% and BSE Oil & Gas index down 4.2%.
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4:25 PM - It was an exceptionally negative day for the Indian market which witne
ssed a huge sell-off following poor news flows, both domestic and global. It ope
ned soft and from there on, stayed under the pressure of profit booking which in
tensified following disappointing IIP data and China rate hike fears which spark
ed a sell-off. All sectoral indices closed the day with deep cuts. Sensex shut s
hop at 20156, down 432 points and Nifty at 6071, down 122 points from the previo
us close. CNX Midcap index was down 2.1% and BSE Smallcap index was down 2.4%. T
he market breadth was negative with advances at 194 against declines of 1125 on
the NSE. Top Nifty gainers were Dr Reddy's, Bajaj Auto and Hero Honda while lose
rs included DLF, SBI and Mahindra & Mahindra. » Send to friends
4:20 PM - Buy Chambal Fertilisers Futures with a one-month target of Rs 120 and
stop loss below Rs 92, says Rakesh Bansal of New Age Wealth on CNBC Awaaz. The s
tock last traded at Rs 96.45, down 2.2% on the BSE. » Send to friends
4:15 PM - Hold Jindal Steel & Power with a 12-month target of Rs 800, says Nares
h Pachisia of SKP Securities on NDTV Profit. The stock last traded at Rs 686.60,
down 3.2% on the BSE. » Send to friends
4:09 PM - Buy RSWM with a target of Rs 240-250, says Aashish Tater of Fort Share
Broking on CNBC TV18. The stock last traded at Rs 188.50, down 3.1% on the BSE.
» Send to friends
4:04 PM - Buy Bajaj Hindustan, HUL and ABG Shipyard with a long-term view, says
AK Prabhakar, market analyst, on NDTV Profit. » Send to friends
3:57 PM - Sentiments are negative and a correction was expected in the market, s
ays PK Basu of Daiwa Securities on Zee Business. He sees a further 5% downside i
n our market from the current levels.
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ends
3:51 PM - Hold Reliance Power with a target of Rs 210-220, says Prakash Gaba, te
chnical analyst, on CNBC Awaaz. The stock last traded at Rs 181.90, down 3.6% on
the BSE. » Send to friends
3:45 PM - Hold Dwarikesh Sugar with a 12-month target of Rs 135, says Naresh Pac
hisia of SKP Securities on NDTV Profit. The stock last traded at Rs 104.30, down
6% on the BSE. » Send to friends
3:39 PM - Buy Autoline Industries with a nine-month target of Rs 450 and of Rs 5
00-600 in one year, says Mehraboon Irani of Centrum Broking on CNBC Awaaz. The s
tock last traded at Rs 263, up 1.8% on the BSE. » Send to friends
3:34 PM - The Indian market closed an extremely weak day of trade with deep cuts
after witnessing a major sell-off across the board on the back of negative glob
al news, especially from China. Even domestic cues were poor. All the sectoral i
ndices nosedived in afternoon trade to end with huge losses. Sensex closed at 20
125, down 464 points (provisional) and Nifty at 6058, down 135 points (provision
al) from the previous close. CNX Midcap index was down 2.3% and BSE Smallcap ind
ex was down 2.6%. The market breadth was negative with advances at 204 against d
eclines of 1115 on the NSE.
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nds
3:27 PM - Sell GMR Infrastructure with a target of Rs 48 and stop loss of Rs 54,
says Somil Mehta of Sharekhan on CNBC Awaaz as closing market strategy. » Send
to friends
3:26 PM - Sell Bharti Airtel with a target of Rs 296 and stop loss of Rs 313, sa
ys Salil Sharma, technical analyst, on CNBC Awaaz as closing market strategy. »
Send to friends
3:23 PM - Sell HDIL with a target of Rs 240 and stop loss of Rs 252, says Neerav
Wakharia, of Globe Capital on CNBC Awaaz as closing market strategy. » Send to
friends
3:22 PM - Sell Sterlite Industries with a target of Rs 172 and stop loss of Rs 1
86, says Somil Mehta of Sharekhan on CNBC Awaaz as closing market strategy. » S
end to friends
3:19 PM - Sell Bank of India with a target of Rs 480 and stop loss of Rs 498, sa
ys Neerav Wakharia, of Globe Capital on CNBC Awaaz as closing market strategy.
» Send to friends
3:18 PM - Sell SAIL with a target of Rs 185 and stop loss of Rs 196, says Salil
Sharma, technical analyst, on CNBC Awaaz as closing market strategy. » Send to
friends
3:14 PM - Buy Reliance Power with 15-day targets of Rs 210 and 230 and stop loss
of Rs 180, says Alpesh Furiya, technical analyst, on CNBC Awaaz. The stock is c
urrently trading at Rs 182.10, down 3.5% on the BSE. » Send to friends
3:08 PM - Hold Mafatlal Industries with targets of Rs 321 and 350 and stop loss
of Rs 290, says Prasad Kushe, technical analyst, on Zee Business. The stock is c
urrently trading at Rs 318, down 1.4% on the BSE. » Send to friends
3:03 PM - Into the last half hour of trade, weakness continues in our market wit
h both Asia and Europe applying pressure. Sensex is trading at 20254, down 334 p
oints from its previous close, and Nifty is at 6098, down 95 points. CNX Midcap
index is down 1.6% and BSE Smallcap index is down 2%. The market breadth is nega
tive with advances at 217 against declines of 1103 on the NSE. » Send to friend
s
2:58 PM - Buy Core Projects with a one-month target of Rs 345 and stop loss belo
w Rs 280, says Rakesh Bansal of New Age Wealth on CNBC Awaaz. The stock is curre
ntly trading at Rs 295.95, down 1.4% on the BSE.
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ty and challenge fellow traders. » Send to friends
2:51 PM - Hold VIP Industries with a stop loss of Rs 632 because it will show a
bounce-back, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock
is currently trading at Rs 669, down 4.1% on the BSE. » Send to friends
2:46 PM - Sell Bharti Airtel with a target of Rs 281, says Rahul Mohinder, techn
ical analyst, on CNBC TV18. The stock is currently trading at Rs 307.05, down 3.
1% on the BSE. » Send to friends
2:40 PM - Buy Nagarjuna Fertilisers with a target of Rs 48, says Ashish Chaturmo
tha of Anand Rathi Securities on NDTV Profit. The stock is currently trading at
Rs 39.65, down 3.1% on the BSE. » Send to friends
2:33 PM - The markets need to consolidate at these levels if you want to see any
further gains to be made in 2011 calendar, says Rajat Rajgarhia of Motilal Oswa
l Securities on CNBC TV18. He believes the Nifty will continue to hover around 6
000-6300 levels and adds that because we are up almost 20% for this calendar yea
r, so it looks like this year returns have been made. The movement will be a lot
more stock-specific, he says. » Send to friends
2:25 PM - Exit Ranbaxy on rallies to around Rs 585-590 and buy again on dips to
Rs 541-545, says Prasad Kushe, technical analyst, on Zee Business. The stock is
currently trading at Rs 579.50, down 0.9% on the BSE.
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icks of the trade. » Send to friends
2:20 PM - Buy Bartronics India with a target of Rs 124 and stop loss of Rs 100,
says Rajesh Satpute, technical analyst, on CNBC Awaaz. The stock is currently tr
ading at Rs 110.50, up 1.8% on the BSE. » Send to friends
2:15 PM - Buy ICSA-India with a target of Rs 185-195 and stop loss of Rs 145, sa
ys Ashish Chaturmotha of Anand Rathi Securities on NDTV Profit. The stock is cur
rently trading at Rs 152.95, down 1.5% on the BSE. » Send to friends
2:09 PM - Buy Godawari Power at Rs 210-220 with a six-month target of Rs 240-250
, says Aashish Tater of Fort Share Broking on CNBC TV18. The stock is currently
trading at Rs 215.20, up 1.4% on the BSE. » Send to friends
2:03 PM - Europe has opened in the red and is trading lower. Our market continue
s to slide and the Nifty is trading below the important 6100 mark. Sensex is at
20233, down 355 points from its previous close, and Nifty is at 6091, down 103 p
oints. CNX Midcap index is down 1.5% and BSE Smallcap index is down 1.7%. The ma
rket breadth is strongly negative with advances at 222 against declines of 1095
on the NSE. » Send to friends
1:57 PM - Buy S Kumars with a target of Rs 118 and stop loss of Rs 80, says Dhav
al P Vyas, market analyst, on Zee Business. The stock is currently trading at Rs
88.65, up 3.5% on the BSE.
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d to friends
1:51 PM - Nifty F&O Call: Sell on bounce with a 4-5 day target of 6000 and stop
loss of 6210, says Husseini Wadharia of Techno Shares on CNBC Awaaz. » Send to
friends
1:47 PM - Nifty F&O Call: Buy between 6110-6120 with targets of 6150 and 6200 an
d stop loss of 6070, says Prabir Kumar Sarkar of SPA Securiites on CNBC Awaaz.
» Send to friends
1:44 PM - Nifty F&O Call: Sell at 6160-6170 with a 2-3 day target of 6040 and st
op loss of 6240, says Jatinder Sharma, technical analyst, on CNBC Awaaz. » Send
to friends
1:40 PM - Nifty F&O Call: Sell at 6175 with a 2-3 day target of 6040 and stop lo
ss of 6240, says Rajesh Satpute, technical analyst, on CNBC Awaaz. » Send to fr
iends
1:37 PM - Nifty F&O Call: Sell with a 2-3 day target of 6040 and stop loss of 62
40, says Rakesh Bansal of New Age Wealth on CNBC Awaaz. » Send to friends
1:33 PM - Buy Clutch Auto with targets of Rs 90 and 110 and stop loss of Rs 65,
says Rajeev Agarwal of Dynamix Research on Zee Business. The stock is currently
trading at Rs 72.85, down 0.1% on the BSE. » Send to friends
1:26 PM - Buy Kotak Mahindra Bank with a target of Rs 560, says Anil Manghnani o
f Modern Shares and Stockbrokers on Zee Business. The stock is currently trading
at Rs 484.60, down 0.8% on the BSE.
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to friends
1:19 PM - Hold Glenmark Pharma with long-term targets of Rs 450 and 475, says AK
Prabhakar, market analyst, on NDTV Profit. The stock is currently trading at Rs
348.55, down 3.6% on the BSE. » Send to friends
1:13 PM - McNally Bharat buys 11% shares in Specialist Energy, an LSE listed com
pany, reports CNBC Awaaz. The stock is currently trading at Rs 262, up 5.3% on t
he BSE. » Send to friends
1:07 PM - Selling pressure has intensified in our market as Asian markets too sl
ip. We are near the day's low point and all sectors are seeing profit booking. S
ensex is trading at 20283, down 305 points from its previous close, and Nifty is
at 6103, down 91 points. CNX Midcap index is down 1.5% and BSE Smallcap index i
s down 1.6%. The market breadth is negative with advances at 231 against decline
s of 1078 on the NSE. » Send to friends
12:59 PM - Sell Bharti Airtel with a 2-4 day target of Rs 295 and stop loss of R
s 326, says Kiran Jadhav, technical analyst, on CNBC Awaaz. The stock is current
ly trading at Rs 305.25, down 3.8% on the BSE.
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12:53 PM - Buy Mukand Engineering with a 3-5 day target of Rs 60 and stop loss o
f Rs 45, says Parsh Zaveri of Zaveri Investments on CNBC Awaaz. The stock is cur
rently trading at Rs 51, up 9.9% on the BSE. » Send to friends
12:46 PM - Buy Sundram Fasteners with a target of Rs 89 and stop loss of Rs 67,
says Dhaval P Vyas, market analyst, on Zee Business. The stock is currently trad
ing at Rs 73.75, up 2.5% on the BSE. » Send to friends
12:40 PM - Buy Jamna Auto with a 12-month target of Rs 210, says DD Sharma of An
and Rathi Securities on Zee Business. The stock is currently trading at Rs 158.6
0, up 13.2% on the BSE. » Send to friends
12:34 PM - While recent Chinese macro data underscore a strong economy, inflatio
nary pressures are building, says Sean Darby of Nomura on CNBC TV18. He believes
that higher resource prices may force authorities to turn to price controls rat
her than tighten policy. It occurred in 2007, ending the bull market despite str
ong growth, he adds. » Send to friends
12:29 PM - Hold WWIL with a target of Rs 17.50 and stop loss of Rs 15, says Kuna
l Saraogi, technical analyst, on Zee Business. The stock is currently trading at
Rs 15.31, up 0.5% on the BSE.
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12:24 PM - Buy Bajaj Hindustan with a target of Rs 148 and stop loss of Rs 129,
says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently tra
ding at Rs 133.75, down 2.4% on the BSE. » Send to friends
12:18 PM - Buy Hindustan Motors above Rs 30 with targets of Rs 40 and 50 and sto
p loss of Rs 26, says Rajeev Agarwal of Dynamix Research on Zee Business. The st
ock is currently trading at Rs 27, up 0.8% on the BSE. » Send to friends
12:11 PM - Buy S Kumars with a six-month target of Rs 125, says Mehraboon Irani
of Centrum Broking on CNBC Awaaz. The stock is currently trading at Rs 89.15, up
3.9% on the BSE. » Send to friends
12:06 PM - At noon, weakness has increase in our market due to profit taking and
it is trading near the day's low. All sectoral indices are in the red. Sensex i
s trading at 20430, down 158 points from its previous close, and Nifty is at 615
3, down 41 points. CNX Midcap index is down 0.5% and BSE Smallcap index is down
0.3%. The market breadth is negative with advances at 451 against declines of 83
9 on the NSE. » Send to friends
11:58 AM - Buy Bilcare with 15-day targets of Rs 820 and 850 and stop loss of Rs
740, says Alpesh Furiya, technical analyst, on CNBC Awaaz. The stock is current
ly trading at Rs 770.50, down 0.3% on the BSE.
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ends
11:52 AM - IIP slipping for two months in a row is a matter of concern and will
analyse the cause of slowdown in industrial growth, says Finance Minister Pranab
Mukherjee commenting on the September IIP data, reports CNBC TV18. » Send to f
riends
11:47 AM - Buy Suprajit with a target of Rs 30 till year end, says Aashish Tater
of Fort Share Broking on CNBC TV18. The stock is currently trading at Rs 25, up
8% on the BSE. » Send to friends
11:44 AM - Sell YES Bank with a target of Rs 342 and stop loss of Rs 365, says R
ajesh Satpute, technical analyst, on CNBC Awaaz. The stock is currently trading
at Rs 351.20, down 1.5% on the BSE. » Send to friends
11:38 AM - Book profits in Mirza International and buy again on dips to around R
s 22-23 for a target of Rs 35-40, says Vivek Mavani of Brics Securities on CNBC
Awaaz. The stock is currently trading at Rs 26.50, up 0.6% on the BSE. » Send t
o friends
11:34 AM - Hold Gujarat NRE Coke with targets of Rs 75 and 85 on crossing its re
sistance of Rs 67 and keep stop loss of Rs 54, says MB Singh, technical analyst,
on Zee Business. The stock is currently trading at Rs 59, down 4% on the BSE.
» Send to friends
11:28 AM - Buy Union Bank with a target of Rs 415 and stop loss of Rs 380, says
Parsh Zaveri of Zaveri Investments on CNBC Awaaz. The stock is currently trading
at Rs 394.25, up 0.9% on the BSE.
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nds
11:22 AM - IIP Data: August IIP data has been revised to 6.9% versus 5.6% (YoY),
reports NDTV Profit. » Send to friends
11:17 AM - Weakness deepens in our market as disappointing IIP data for Septembe
r is declared. Sensex is trading at 20486, down 102 points from its previous clo
se, and Nifty is at 6169, down 24 points. CNX Midcap index is down 0.3% and BSE
Smallcap index is down 0.02%. The market breadth is negative with advances at 55
4 against declines of 729 on the NSE. » Send to friends
11:07 AM - IIP Data: September capital goods growth has come in at -4.2% versus
7.9% (YoY), manufacturing sector growth at 4.5% versus 8.3% (YoY), electricity s
ector growth at 1.7% versus 7.5% (YoY), mining sector growth at 5.2% versus 7.4%
(YoY) and basic goods growth at 3.5% versus 5.3% (YoY), reports CNBC TV18. » S
end to friends
11:02 AM - IIP Data: The September IIP data has come in at 4.4% versus 5.6% (MoM
), reports CNBC TV18. » Send to friends
10:59 AM - Hold Ranbaxy with targets of Rs 595-600, says Jagannadham Thunuguntla
of SMC Global on Zee Business. The stock is currently trading at Rs 586.70, up
0.3% on the BSE.
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ty and challenge fellow traders. » Send to friends
10:53 AM - We feel that emerging markets (EMs) are going to be the major benefic
iary of the second version of quantitative easing (QE2), just as it was of the f
irst version, says Chris Wood of CLSA on CNBC TV18. Our fundamental view remains
that there will continue to be no Fed rate hike and that, sooner or later, Fed
will be implementing a third wave of easing provided American politicians allow
him to do so, he adds. » Send to friends
10:46 AM - Buy Indian Hotels with a target of Rs 125 and stop loss of Rs 96, say
s Ashish Chaturmotha of Anand Rathi Securities on NDTV Profit. The stock is curr
ently trading at Rs 103.95, up 0.5% on the BSE. » Send to friends
10:41 AM - Buy Aegis Logistics with a two-month target of Rs 390 and stop loss o
f Rs 319, says D Prasad, technical analyst, on NDTV Profit. The stock is current
ly trading at Rs 348, up 0.4% on the BSE. » Send to friends
10:33 AM - Buy Sun Pharma with an intra-day target of Rs 2450 and stop loss of R
s 2300, says Anil Singhvi, market analyst, on CNBC Awaaz. The stock is currently
trading at Rs 2360.70, up 1.2% on the BSE. » Send to friends
10:27 AM - Buy Tata Steel with a target of Rs 660 and stop loss below Rs 625, sa
ys Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently tradi
ng at Rs 627.90, down 0.5% on the BSE.
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icks of the trade. » Send to friends
10:22 AM - Gujarat NRE Coke has come out with its Q2 results with net profit at
Rs 9.92 crore versus Rs 20.21 crore and net sales at Rs 244 crore versus Rs 383
crore, reports CNBC Awaaz. The stock is currently trading at Rs 60, down 2.2% on
the BSE. » Send to friends
10:17 AM - Buy Nifty at 6165 with a target of 6240 and stop loss of 6120, says R
ajeev Agarwal of Dynamix Research on Zee Business. » Send to friends
10:10 AM - Sell SAIL with a target of Rs 185 and stop loss of Rs 202, says Somil
Mehta of Sharekhan on NDTV Profit. The stock is currently trading at Rs 196, do
wn 0.5% on the BSE. » Send to friends
10:04 AM - Mixed global cues keep our market under some pressure and it is tradi
ng flat with a negative bias. Realty and banking stocks are seeing profit taking
while there is buying in oil & gas, auto and power sectors. Sensex is trading a
t 20559, down 29 points from its previous close, and Nifty is at 6190, down 3 po
ints. CNX Midcap index is up 0.1% and BSE Smallcap index is up 0.5%. The market
breadth is positive with advances at 693 against declines of 540 on the NSE. »
Send to friends
9:59 AM - Sell Vijaya Bank with targets of Rs 104 and 102 and stop loss of Rs 11
6, says Rajesh Satpute, technical analyst, on CNBC Awaaz. The stock is currently
trading at Rs 110.95, up 0.1% on the BSE.
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d to friends
9:52 AM - Sell DLF with a target of Rs 335 and stop loss of Rs 353, says Salil S
harma, technical analyst, on CNBC TV18. The stock is currently trading at Rs 340
.10, down 1.9% on the BSE. » Send to friends
9:45 AM - Sell Cairn India with a target of Rs 325 and stop loss of Rs 338, says
Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently trading
at Rs 332.40, up 0.5% on the BSE. » Send to friends
9:39 AM - Buy ICICI Bank with a target of Rs 1465, says Anil Manghnani of Modern
Shares and Stockbrokers on Zee Business. The stock is currently trading at Rs 1
228.50, down 0.9% on the BSE. » Send to friends
9:30 AM - Sell Wipro with a target of Rs 410 and stop loss of Rs 437, says Somil
Mehta of Sharekhan on NDTV Profit. The stock is currently trading at Rs 428, do
wn 0.5% on the BSE.
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to friends
9:24 AM - Sell Shree Renuka Sugars with a target of Rs 97 and stop loss of Rs 10
8, says MB Singh, technical analyst, on Zee Business. The stock is currently tra
ding at Rs 99.70, down 3.8% on the BSE. » Send to friends
9:18 AM - Our market opens gap-down on the last day of the week on the back of s
oft global cues. Earlier, the US markets ended in the red while Asia is trading
lower this morning. Sensex is at 20488, down 100 points from its previous close,
and Nifty is at 6170, down 23 points. CNX Midcap index is down 0.2% and BSE Sma
llcap index is up 0.2%. The market breadth is negative with advances at 374 agai
nst declines of 405 on the NSE. » Send to friends
9:13 AM - Buy Genesys Intl with an intra-day target of Rs 302 and stop loss of R
s 283, says Anil Singhvi, market analyst, on CNBC Awaaz. » Send to friends
9:07 AM - Buy Globus Spirits above Rs 185 with a one-month target of Rs 210 and
stop loss of Rs 170, says D Prasad, technical analyst, on NDTV Profit. » Send t
o friends
9:01 AM - The pre-opening session of the market begins with the Nifty and Sensex
indicating a soft and volatile start today with modest losses. Normal trading w
ill start at 9.15 am.
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8:58 AM - Sell Apollo Tyres with a two-day target of Rs 63 and stop loss of Rs 7
5, says Kiran Jadhav, technical analyst, on CNBC Awaaz. » Send to friends
8:52 AM - Buy IOB with an intra-day target of Rs 180 and stop loss of Rs 167, sa
ys Anil Singhvi, market analyst, on CNBC Awaaz. » Send to friends
8:47 AM - Core Projects has come out with its Q2 results with consolidated net p
rofit at Rs 53.5 crore versus Rs 43.3 crore (QoQ) and consolidated net sales at
Rs 279.1 crore versus Rs 220.1 crore (YoY), reports CNBC TV18. » Send to friend
s
8:41 AM - Our market is likely to open slightly negative this morning, says Anil
Singhvi, market analyst, on CNBC Awaaz. Today, domestic triggers like the IIP d
ata plus some important company results could keep trade volatile, he adds. Buy
on all dips, he advises » Send to friends
8:35 AM - Yesterday the market broke key levels and with big volumes and we will
have to watch whether can go back above 6200, says Rahul Mohinder, technical an
alyst, on CNBC TV18. The Nifty now has support at 6150 and if this is breached t
hen we could test 6020, he adds. » Send to friends
8:30 AM - Today, the Nifty is likely to find support at 6180 but if this level i
s breached then it could go down to 6130, says Salil Sharma, technical analyst,
on CNBC TV18. Key resistance for the Nifty now is at 6250 and then 6295, he adds
.
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