India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Sunday, August 22, 2010
Cabinet clears nuclear liability bill
The government has reportedly cleared the amended legislation. It has resolved the understanding with the BJP over the nuclear liability bill. The bill will be brought to Parliament next week. According to reports, there are no significant dissenters with smaller parties like JD(U) and NC pitching in for the bill. Even the RJD members on the standing committee had supported the bill. Earlier it was suggested that the bill should fix the liability cap on the state-run operator at Rs15bn (~US$320mn) as against Rs5bn (US$110mn) proposed in the original draft law. There was no compensation burden on private suppliers and contractors in the original draft.
Weekly Stock Picks - Aug 22 2010
Buy Tata Coffee
Buy Reliance Capital
Buy DLF
Buy JP Associates
Buy Hindalco
Weekly Newsletter - Aug 22 2010
The debate now is whether Nifty breaking above the 5500 level is a break out or bull trap. In any case, the indices were getting jittery at higher levels. The FII inflow has kept the momentum going so far. The main indices scaled to 30-week highs on Thursday pushing along banking and realty stocks. But Friday was a different ball game. Global markets reversed direction following a host of reports which pointed towards a slowdown in the US economy.
Weekly Equity Wrap - Aug 22 2010
During the week the benchmark indices maintained their winning streak by closing in green for the third consecutive week. On a weekly basis, The sensex as well as the Nifty closed at the highest level since the week ended January 18, 2008. On a weekly basis, the Nifty gained 1.44%
to close at 5530.65.
Saturday, August 21, 2010
Bull run leads market to a new high
Major news for the week:
Tata Motors July global sales grow 36%
Vedanta to buy 51-60% of Cairn
Inflation eases to 9.97% in July
Food inflation softens to 10.35%
Bharat Petroleum Corporation gains on buying Australian shale gas asset
BSE Mid-Cap, Small-Cap indices outshine Sensex
The key benchmark indiices surged to 2-1/2-year highs in the week ended Friday, 20 August 2010, on sustained buying by foreign funds. But, a recent string of weak economic data in the US, which reignited worries over global economic recovery, capped gains at the fag end of the week. The BSE Sensex fell in 3 out of the 5 trading sessions of the week.
Derivatives: Intermediate support at 5500 levels
Fresh positions in the F&O September series evidence some more upward steam for market; also strong support at both the 5500 and the 5400 level may limit the down move as fresh money is still waiting to enter in every dip
Subscribe to:
Posts (Atom)