Tuesday, April 28, 2009

stock news

MARKET TODAY
Markets are likely to remain rangebound on Tuesday tracking mixed cues from global shores following the outbreak of the swine flu virus. Volatility is expected to be high ahead of the derivatives contracts expiry for the April series......

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Monday, April 27, 2009

stock news

MARKET TODAY
Markets are likely to open lower mirroring weak Asian indices. The SGX Nifty futures for April 2009 expiry was down 37.50 point in Singapore. Stock specific activity will be high in companies that will be announcing their March 2009 quarterly results.
Tech Mahindra, Bank Of Baroda, JP Associates, Aban Offshore, Areva T&D, Bosch, Castrol India, Indian Bank, KPIT Cummins, Shree Renuka Sugars and United Spirits, among others will declare their March 2009 quarterly results today, 27 April 2009.
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Friday, April 24, 2009

stock news

MARKET TODAY
Key benchmark indices are likely to open flat due to mixed cues from global shores. The SGX Nifty futures for April 2009 expiry were down 17 point in Singapore to 3429. Marketmen don't see a big downside in the short-term but volatility may persist due to uncertainty on the outcome of parliamentary elections. However stock specific activity will be high in companies that will be announcing their March 2009 quarterly results.

According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 238.9 crore and bought index options worth Rs 172.34 crore. They were net buyers of stock futures to the tune of Rs 233.92 crore while sold stock options worth Rs 3.46 crore
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Thursday, April 23, 2009

stock news

MARKET TODAY
Market is likely to open flat today as investors shy away from risk after renewed concerns about the global banking sector and a gloomy global growth forecast by the IMF. Earnings season has kept the global equities under pressure. Inflation data to be released by noon today, will be closely watched. However, Intra-day volatility can't be ruled out but as the Reliance pack will be coming out with earnings reports, any positive surprises on that front might improve the investors’ sentiments.

According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 556.21 crore while bought index options worth Rs 49.63 crore. They were net buyers of stock futures to the tune of Rs 182.08 crore while sold stock options worth Rs 23.48 crore.
More details visit http://www.16anna.com/market.asp

Wednesday, April 22, 2009

stock news

MARKET TODAY
Market is likely to open flat to positive taking cues from the global markets. The Reserve Bank of India (RBI) cut its key lending rate for the sixth time in 7 months on Tuesday and pushed commercial banks to follow suit to bolster growth which has taken a bigger-than expected hit from the global downturn. SGX Nifty futures for April 2009 series traded in Singapore were down 2 points to 3366. However stock specefic activity will be high in companies that will be announcing their March 2009 quarterly results.

According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 57 crore and bought index options worth Rs 294.95 crore. They were net sellers of stock futures to the tune of Rs 103.59 crore while bought stock options worth Rs 29.15 crore.
For more details visit http://www.16anna.com/market.asp

Tuesday, April 21, 2009

stock news

MARKET TODAY
Domestic markets is poised to gap-down open after stocks on Wall Street suffered a severe setback overnight amid renewed worries over widening financial losses. Volatility is expected in rate sensitive sectors as Reserve Bank of India policy review today. Companies that will be announcing their quarterly results will also be in action. Political uncertainty on the outcome of month-long parliamentary elections may also lead to volatility. Meanwhile, the extent of buying by foreign funds and support if any from domestic institutions may influence market movement.

According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 693.51 crore and sold index options worth Rs 210.05 crore. They were net buyers of stock futures to the tune of Rs 63.06 crore and bought stock options worth Rs 5.75 crore.
For more details visit http://16anna.com/market.asp

Monday, April 20, 2009

stock news

MARKET TODAY
Key benchmark is likely to see open flat today as mixed global cues. On Friday, Indian market ended marginally higher following a profit-booking in the last hour of trade. Finally the Sensex advanced 75 points, or 0.7%, to close at 11,023 and the Nifty ended higher by 14 points at 3,384. Markets across the globe had moved up sharply last week on expectations global economy would soon be back on track. Volatility may heighten on the bourses with investor focus likely to be on the March 2009 quarterly earnings and the Reserve bank of India's meeting on 21 April 2009 to review interest rates. Stock specific action is also likely with a spate of corporates set to unveils their fourth quarter results.

According to data released by the NSE, in the last session, FIIs were the net sellers of index futures to the tune of Rs 396.21 crore and sold index options worth Rs 136.57 crore. They were net buyers of stock futures to the tune of Rs 103.15 crore while sold stock options worth RS 60.04 crore.
for more details http://www.16anna.com/market.asp

Friday, April 17, 2009

stock news

MARKET TODAY

Market is likely to open firm mirroring gains in the global markets. Yesterday, market snapped its 8-day rally on profit taking amid political uncertainty on the outcome of the month-long parliamentary elections. Finally the Sensex declined 337 points, or 3%, to close at 10,947 and the Nifty ended lower by 114 points, or 3.2% at 3,369. Traders are likely to buy stocks after a sharp fall across the board in previous day. However, political uncertainty and quarterly earnings may cap near term upside on the bourses.

According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 323.89 crore while bought index options worth Rs 116.88 crore. They were net sellers of stock futures to the tune of Rs 526.34 crore and sold stock options worth Rs 5.32 crore.

For more details visit http://www.16anna.com/morninignotes.aspx

Thursday, April 16, 2009

stock news

MARKET TODAY
Market is likely to extend gains as global cues are supportive which may help boost confidence. Significant buying in banking and realty stocks yesterday helped the index rally for the eight straight day. The Sensex successfully closed above the 11,000 mark while the Nifty near to touch 3500 mark. Finally the Sensex rallied 317 points to close at 11,284 and the Nifty ended 101 points higher at 3,484. Meanwhile, Inflation data, scheduled to be announced around noon, is forecast to have turned negative for the first time in early April due to weak economic activity and last year's surge in prices. However political uncertainty ahead of the parliamentary elections may cap near term upside and profit booking cannot be ruled out.

According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 535.19 crore and bought index options worth Rs 44.56 crore. They were net sellers of stock futures to the tune of Rs 764.16 crore while sold stock options worth Rs 2.54 crore.

For more details visit http://www.16anna.com/morninignotes.aspx