Morning Research - Dec 9 2010
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Thursday, December 09, 2010
Markets may open positive
Indian equities are likely to open positive on Thursday, Dec. 9, 2010. SGX Nifty is trading at 5,948 (7.49 am), 23 points higher than Wednesday closing of 5,925.
Asian stocks gained, driving the benchmark index to its sixth advance in seven days, as the dollar strengthened almost to an 11-week high against the yen, boosting the profit outlook for Japanese exporters. Japanese benchmark index Nikkei 225 rose 27.13 points, or 0.27%, to trade at 10,259.50.
Asian stocks open positive
Asian stocks gained, driving the benchmark index to its sixth advance in seven days, as the dollar strengthened almost to an 11-week high against the yen, boosting the profit outlook for Japanese exporters.
Active K-20 Stocks
These are the stocks mentioned by Sucheta Dalal as being active by Ketan Parekh
* Orchid Chemicals,
* GMR Infrastructure,
* Cairn India,
* Deccan Chronicle,
* Reliance Industries,
* Punj Lloyd,
* India Bulls Real Estate,
* Pipavav Shipyard,
* MVL,
* Amtek Auto,
* Hindustan Oil Exploration Company,
* Camson Biotechnologies,
* Crew Bos Products,
* UCO Bank,
* East India Hotels,
* State Bank of India,
* OCL India,
* Kemrock Industries,
* Tatia Global Ventures and
* JSW Steel
Wednesday, December 08, 2010
Sensex plunges 238 pts at close; RCom, JP Asso drop
Indian equities continued to decline for the second day on Wednesday. The Sensex settled on a disappointing note due to weak global cues, fuel price hike fears and aggressive selling pressure seen across board. It touched a low of 19,611.35. In sectoral space, consumer durable, realty, banking and metal lost ground.
Religare pegs Sensex Dec 11 target at 24,000
Religare Capital Markets has set a target for Sensex and Nifty at 24,000 and 7,000 respectively for December 2011, indicating a 21% upside from current levels. It expects Sensex profit growth of 21% and 16% respectively over FY11/FY12 with steady 20% ROEs that will sustain 1-year forward P/E multiple of 17x (leading to Sensex target of 24,000).
Tata Motors December futures at discount
F&O turnover surges past Rs 1 lakh crore mark
Nifty December 2010 futures were at 5925.20, at a premium of 21.50 points over spot closing of 5903.70. Turnover on NSE's futures & options (F&O) segment surged to Rs 106805.30 crore from Tuesday's (7 December 2010) Rs 97276.98 crore.
Tata Motors December 2010 futures were at a discount at 1329, compared with spot closing of 1340.
State Bank of India December 2010 futures were at 2827.05, at a premium over spot closing of 2806.
Tata Steel December 2010 futures were at a slight premium at 626.30, compared with spot closing of 624.55.
In the spot market, the 50-unit S&P CNX Nifty lost 72.85 points or 1.22% to settle at 5,903.70, as data showing selling by foreign funds on Tuesday, 7 December 2010, dampened sentiment.
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