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03-07-2009: No global scare…Nifty ends above 4,400. Sensex surged 257 points at 14,915 while, Nifty surged 75 points or 1.8% to shut shop at 4,424.

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03-07-09

Weekly News-Letter Updated..

Closing Bell: The benchmark indices saw smart rally in the last one and half hours of the trade. They closed the last session, before the Union Budget on Monday, on a strong note. The Nifty crossed the 4400 mark successfully while the Sensex was inching towards the 15,000 mark but that did not happen. The Nifty closed at 4414, up 75 points and the Sensex gained 257 points at 14,915 (provisional data).

13.10: The markets were seeing some choppiness, ahead of the Union Budget. Buying in power, capital goods, financials, pharma stocks along with Bharti and HDFC was helping the benchmark indices. However, selling in realty, FMCG stocks, and Infosys, Reliance Communication, Sterlite, Idea, Grasim, Hindalco, Jindal Steel and SAIL was putting some pressure. Reliance Industries and ONGC were volatile stocks. The Niftty rose 20 points, to 4,368 and the Sensex gained 74 points, at 14,729. The market breadth was negative; about 543 shares advanced while 929 shares declined. The broader indices were quiet in trade.

11.15: After a sloppy start on Friday, markets have staged a smart come back and are trading at day’s high. The Asian markets have also slightly recovered from their day’s low. The Power and the Capital Goods stocks are among the top gainers lifting the NSE Nifty above the 4350 levels. While, the IT and select telecom stocks were among the major laggards. Among the 30-components of Sensex, 18 stocks are in the positive terrain and 12 are in the red. In the Sensex, the top laggards are Infosys, ICICI Bank, ONGC, HDFC Bank and Sterlite. On the other hand, Reliance Industries, L&T, HDFC, Bharti and BHEL are among the major gainers. At 11:14 am (IST), the BSE 30-share Sensex was up 30 points at 14,688 and the NSE Nifty was up 10 points at 4,356.

11:05: An hour into opening, the market is trading firm. Rail stocks are rallying ahead of the railway budget to be announced at noon. Sensex is trading at 14688, up 29 points from its previous close, and Nifty is at 4357, up 8 points. CNX Midcap index is up 0.2% and BSESmallcap index is up 0.2%. The market breadth is negative with advances at 537 against declines of 561 on the NSE.

10.45: The benchmark indices were witnessing huge volatility, as investors and traders looked cautious ahead of the Union Budget on Monday. Both the indices were hovering around their previous closing values. Power, capital goods, pharma stocks along with Reliance Industries, Bharti and HDFC were seeing buying interest. However, selling was seen in metal, technology, realty, FMCG along with ONGC. The Sensex was down 5 points, to 14,653 and the Nifty fell 2.5 points, to 4,346. The broader indices were also flat in trade. The market breadth was mixed. About 1313 shares advanced while 1329 shares declined on the BSE. Nearly 514 shares were unchanged.

10.00: The markets slipped in the early trade following weak global cues. However, they managed to recover a bit and were trading with extreme volatility. Metal, realty and select technology stocks were under pressure. However, select infrastructure stocks were the gainers. At 9:56 am, the Sensex was down 30 points, to 14,628 and the Nifty fell 12 points, to 4,336. The CNX Midcap fell 27 points, to 5,468 and the Nifty Junior was down 30 points, to 7,810. About 167 shares advanced while 396 shares declined on the NSE. Among the frontliners, Cairn (crude slipped 3.7%), Infosys, DLF, Sterlite, Tata Communication, ICICI Bank, Tata Motors, Hindalco, Tata Steel, SAIL and Unitech lost the ground.

09.30: Cautious start likely. We expect a slightly lower opening, which should not be as bad as the one witnessed by the US and Europe. After yesterday`s collapse, there might be a mild recovery.

Opening Bell: Nifty (Spot) support at 4290-4250 and resistance to the up-move is at around 4360-4410. Expect extreme volatile session. Following the global cues, it is likely to be gap-down opening & later expect recovery. Stock specific action ahead of Rail Budget. All eyes are Mamata Banerjee as she walks out on Friday to present the Rail Budget.

Safe traders are advised to stay away or trade in very low volume with strict stop loss.

One must keep also in mind that historically railway stocks run up on the railway budget day riding the momentum way but start losing steam soon after, correcting back to the original prices.

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- No change in passenger, freight

rates: Railway Budget

Jul 03, 2009 at 13:20

- Inflation declines for third straight

week

Jul 02, 2009 at 11:55

- Govt modifies ECB policy

Jul 01, 2009 at 13:02

- May exports slump 29.2% yoy

Jul 01, 2009 at 12:41

- Manufacturing grows for 3rd

straight month: PMI

Jul 01, 2009 at 11:45

- Apr-May fiscal deficit at 27.3% of

annual target

Jun 30, 2009 at 18:28

- FY10 GDP to grow at 7%: EAC chief

Jun 29, 2009 at 13:13

- Japan`s industrial output gains

momentum

Jun 29, 2009 at 11:56

- Mahindra Holidays IPO get fully

subscribed

Jun 26, 2009 at 12:36

- IDBI Bank reduces PLR by 25bps to

12.75%

Jun 25, 2009 at 14:44

- Textiles Ministry releases Agenda

for 100 days

Jun 24, 2009 at 18:48

- SBI cuts BPLR by 50bps

Jun 24, 2009 at 18:47

- Monsoon rains to be below normal:

Chavan

Jun 24, 2009 at 18:10

- Citigroup revises India`s GDP

growth estimate

Jun 24, 2009 at 17:59

- BSE to halt trading in derivatives of

seven firms

Jun 23, 2009 at 22:01

- BSNL to launch 3G services in

Sikkim: Sachin Pilot

Jun 23, 2009 12:21

- Govt mulls fuel price hike

Jun 22, 2009 at 15:14

- BoA clears 3 new SEZ proposals

Jun 20, 2009 at 16:17

- Money supply growth slows: RBI

Jun 20, 2009 at 16:00

- No entry load on MF schemes: SEBI

Jun 18, 2009 at 18:05

- Inflation in negative for first time in

3 decades

Jun 18, 2009 at 11:48

- Govt bans import of Chinese phones

Jun 18, 2009 at 11:07

- Q1 advance tax numbers flat: govt

Jun 17, 2009 at 17:36

- SEBI unveils report on Interest Rate

Futures

Jun 17, 2009 at 16:52

- Q1 advance tax…banks shine,

others mixed

Jun 16, 2009 at 17:31

- BOJ keeps rates steady...ups

economic view

Jun 16, 2009 at 17:37

- China leading way for Asia-Pacific

economic stability: S&P

Jun 16, 2009 at 11:28

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HEADLINES/HIGHLIGHTS
HOT STOCKS	GLOBAL MARKET
RIL allots 47,945 shares to employees under ESOS 3 Jul 2009, 1717 hrs IST Diversified business conglomerate Reliance Industries Ltd (RIL) has alloted 47,945 equity shares to its employees under Employees Stock Option Scheme (ESOS). AC cos to benefit from Rail Budget cold storage plans 3 Jul 2009, 1302 hrs IST Cold storage facilities for perishable goods are in the offing, said Rail Minister Mamata Banerjee. Air conditioning companies stand to gain from these plans. Budget plans 18,000 new wagons; Titagarh, BEML gain 3 Jul 2009, 1252 hrs IST Railway Minister Mamata Banerjee has planned introduction of double decker coaches for inter-city transport. The railways also plan to introduce 18000 new wagons in FY10. Infra up as Mamata presses for multi-functional complexes 3 Jul 2009, 1240 hrs IST Shares of infrastructure companies gained momentum as Railway Minister Mamata Banerjee planned to step up infrastructure facilities across a large number of railway stations. Reliance Comm: Got OK for share sale to institutions 3 Jul 2009, 1141 hrs IST Reliance Communications, India's No. 2 mobile operator, said on Friday it has got shareholders' approval to raise funds via a share sale to institutions. Balaji Telefilms down on service tax notice 3 Jul 2009, 1051 hrs IST Shares of Balaji Telefilms took a beating on Friday after the television content producer received a show cause-cum-demand notice for Rs 63.5 crore from the service tax commissioner. Railway stocks pick up steam ahead of Rail Budget 3 Jul 2009, 1030 hrs IST Even as the rest of the market remained weak following global cues, shares of companies servicing the railway industry were in demand on hopes that the Rail Budget could offer some respite. Hindalco plans to raise Rs 2,400 cr via QIP 2 Jul 2009, 2031 hrs IST Hindalco Industries plans to raise Rs 2,400 crore through issue of shares to Qualified Institutional Buyers on private placement basis. Tech Mahindra up 1 pc on BSE 2 Jul 2009, 1217 hrs IST Tech Mahindra moved up over 1 per cent in the early trade on the BSE a day after the its open offer for up to 20 per cent in erstwhile Satyam Computer Services ended without any significant response from the shareholders. RNRL falls marginally on bourses 2 Jul 2009, 1215 hrs IST Shares of Reliance Natural Resources fell marginally to Rs 82.40 on the BSE in late morning trade on Thursday, a day after RIL said it would challenge the Bombay High Court judgment on their gas deal in the apex court. Oil shares rise 5 pc on fuel price hike 2 Jul 2009, 1213 hrs IST Shares of oil companies surged five per cent on the Bombay Stock Exchange, a day after the government hiked petrol prices by Rs 4 per litre and diesel by Rs 2 per litre. Reliance Industries falls nearly 1 pc on BSE 2 Jul 2009, 1133 hrs IST Reliance Industries today fell by nearly one per cent on the bourses in late morning trade, a day after the company said it would challenge the Bombay High Court judgement on gas deal in the apex court. Fuel price hike boosts oil PSUs 2 Jul 2009, 1125 hrs IST Shares in India's state-run oil companies jumped on Thursday after an unexpected hike in government-set fuel prices raised hopes of a lower fuel subsidy burden for the companies.	Bleak payrolls report mauls Wall St; volume thin 3 Jul 2009, 2001 hrs IST US stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects. In volatile markets, dividend-focused funds shine 3 Jul 2009, 0756 hrs IST Fund manager Paul Magnuson only invests in companies that pay dividends, a proven but conservative strategy that analysts say requires patience. Nikkei falls 1 pc after bleak US jobs data 3 Jul 2009, 0747 hrs IST Japan's Nikkei stock average fell 1 per cent on Friday after bleak US jobs data revived caution about the outlook for the global economy, while retail stocks tumbled after Seven & I Holdings reported a drop in quarterly profit. Many top US funds still making up lost ground 3 Jul 2009, 0700 hrs IST At the midyear mark, even some of the best-performing mutual funds of 2009 are still working on comebacks from dismal losses last year, underscoring lingering uncertainty in markets and in the funds industry. Wall Street sinks on bleak June payrolls report 3 Jul 2009, 0451 hrs IST US stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects. Wall Street opens lower, hit by jobs data 2 Jul 2009, 1915 hrs IST Stocks opened lower after payrolls data showed more Americans than expected lost their jobs in June, dimming hopes that the economy may be heading out of recession quickly. Australian shares close flat 2 Jul 2009, 1551 hrs IST Australian share prices closed flat on Thursday as news of a ballooning trade deficit tempered early gains, dealers said. Investors turn to stock picking after massive rally 2 Jul 2009, 0822 hrs IST After the surge in stock prices this spring when investors jumped back into the beaten-up asset class, attention is now turning to cherry-picking individual stocks in the right sectors. Nikkei flat ahead of US jobs data but Hitachi up 2 Jul 2009, 0807 hrs IST Japan's Nikkei average was flat on on Thursday as caution set in ahead of US jobs data, but Hitachi Ltd jumped on a report that it will boost production of lithium ion batteries for hybrid cars. Wall Street gains on recovery hopes, but job data looms 2 Jul 2009, 0432 hrs IST Stocks rose on Wednesday, the start of the third quarter, as reassuring manufacturing data from China, Europe and the United States reinforced hopes that the world's economy is on the road to recovery. Wall Street stronger as third quarter opens 1 Jul 2009, 2041 hrs IST Wall Street shares opened a new month and quarter on an upbeat note, as strong overseas economic data offset a weak report on the US labor market. Europe stocks open up, led by oil, banks, telecoms 1 Jul 2009, 1301 hrs IST European shares rose in early trade on Wednesday, kicking off the third quarter on an upbeat note, led by energy, banking and telecoms stocks. Market jitters send investors rushing to dollar 1 Jul 2009, 0744 hrs IST The dollar gained against its main rivals Tuesday as financial market jitters stemming from weak economic data sent investors flocking to the world's main safe-haven currency. Wall Street brakes on confidence data, but has upbeat Q2 1 Jul 2009, 0638 hrs IST US stocks fell on Tuesday as an unexpected drop in consumer confidence cooled recent optimism about an economic recovery, but Wall Street still closed out its best quarter in a decade.
COMMODITIES	BULLION
Pepper falls by Rs 350 a quintal 3 Jul 2009, 0142 hrs IST, Nidhi Sharma Despite low stocks and slow arrivals in the domestic market, pepper prices have fallen by over Rs 350 per quintal this week. Branded players to cash in on low coconut oil prices 30 Jun 2009, 1857 hrs IST, P K Krishnakumar Companies like Marico and Shalimar are raising their procurement of copra to take advantage of the situation. The annual copra procurement of Marico is around 1 lakh tonnes. Higher cane SMP may push up sugar prices 30 Jun 2009, 0027 hrs IST The 32% hike in sugarcane statutory minimum price (SMP), announced by the Centre, may push up wholesale and retail sugar prices in the country. Commodity prices a tad lower as monsoon sets in 30 Jun 2009, 0023 hrs IST, NIDHI SHARMA Most of the commodities, including the edible oils, spices, wheat and guarseed traded in the red as sentiment for better crop acreage and production gained ground following favourable climatic conditions. Govt plans to import up to 1 mn tonnes crude palm oil 29 Jun 2009, 1808 hrs IST, Nidhi Nath Srinivas The oil would be sold in one-litre packs through ration shops to families below the poverty line. Commexes' turnover soars 44% to Rs 12,87,708 crore 29 Jun 2009, 1225 hrs IST The total turnover of commodity exchanges in the country surged by 44 per cent to Rs 12,87,708 crore during the current fiscal till June 15, thanks to improved participation in agricultural commodities. Pulses to quicken price beat this yr too 29 Jun 2009, 0159 hrs IST, Prabha Jagannathan Watch that pulses priceline: if it bloated the food inflation girth for many weeks last year, there may be cause for worry this time round too as delayed rains have suspended sowing in key producing areas. New Yorkers get ready for a pulpy treat of Kesar mangoes 27 Jun 2009, 0110 hrs IST, Omkar Sapre India's first sea-borne cargo of Kesar mangoes to US will try their luck in New York from next week. They could probably also feature at the Summer Fancy Food Show that is being held in New York from June 28-30. Potato price may climb in July 27 Jun 2009, 0107 hrs IST, Nidhi Sharma Demand for potatoes is expected to surge as delayed monsoon could lead to a shortage of commodity. With potato already in short supply, traders are expecting prices to rise by Rs 200 to Rs 300 per quintal. Curb on cotton product imports likely 26 Jun 2009, 0209 hrs IST, Amiti Sen & Shobhana Chadha In a move to improve monitoring of import of cheap fabrics and garments, especially from China, the textile ministry wants to allow entry of cotton textile products only through two ports. Tea cos unlikely to meet export target of 210 m kg 26 Jun 2009, 0207 hrs IST, Sutanuka Ghosal India is likely to miss tea export target of 210 million kg in calendar 2009 even though the country is importing more teas for re-export at higher prices to meet increasing global demand. Delay in rains may not hit sugar output 26 Jun 2009, 0205 hrs IST, Gouri Agtey Athale Despite the gloom over the delayed monsoon, Maharashtra, a leading sugarcane grower, is expecting to see an increase in sugar production in the coming season, which starts in October. Edible oil trade wants return of customs duty 26 Jun 2009, 0202 hrs IST Vegetable oil trade has asked government to reimpose custom duty on edible oils in the budget to check the significant rise in imports. Weak monsoon to hit the spice circuit 26 Jun 2009, 0159 hrs IST, S Sanandakumar Month-long spell of 'weak monsoon' has affected prospects of a number of crops across country and many of them are likely to witness a "sharp" to "moderate" fall in production.	Silver, gold continue to decline 3 Jul 2009, 1939 hrs IST Silver prices continued to decline on the bullion market here today in the absence of demand from industrial users coupled with lower global cues. Gold edges up on overseas markets, rupee 3 Jul 2009, 1125 hrs IST Gold futures edged up on Friday tracking gains in overseas markets and further supported by a weak rupee, making the dollar-quoted asset expensive, analysts said. Gold prices gain on firming overseas trend 2 Jul 2009, 1920 hrs IST Gold prices gained to recover part of its previous losses in the bullion market on emergence of stockists buying influenced by a firming global trend and jewellers buying. Gold futures down on strong rupee 2 Jul 2009, 1148 hrs IST Gold futures traded lower pressured by a strong rupee locally, that makes the dollar-quoted asset cheaper. Traders are awaiting US job report to gauge the health of US economy, which will dictate moves in dollar and gold. Gold, silver fall on weak global cues 1 Jul 2009, 1555 hrs IST Extending its losing streak for fourth straight session, gold prices today fell by Rs 120 at Rs 14,680 per 10 gram in the bullion market here on aggressive selling by stockists, triggered by a weakening trend in the US market. Gold traders continue to replenish stocks 1 Jul 2009, 1424 hrs IST India's retail gold traders continued to replenish stocks on Wednesday as prices stayed near the previous day's one-week low, but below normal monsoons could dampen demand in the short-term, traders and dealers said. Gold futures trade steady, US data eyed 1 Jul 2009, 1139 hrs IST India gold futures were flat on Wednesday after losing more than a percent in the previous session, with investors awaiting the U.S. jobs report for direction, analysts said. Gold drops further on weak global cues 30 Jun 2009, 1903 hrs IST Silver also declined due to subdued industrial demand. Gold futures ended slightly down on Monday as the US dollar fluctuated against its major rivals. Gold down, silver up by Rs 200 30 Jun 2009, 1729 hrs IST Subdued demand weighed on the gold prices in the bullion market here today, while silver rose by Rs 200 to Rs 22,750 per kg on good buying. Gold edges lower, demand slackness to continue 30 Jun 2009, 1711 hrs IST Gold prices edged lower pressured by a strong rupee on Tuesday afternoon, with slackness in domestic demand expected to continue in a sesonally lean period, dealers said. Gold futures tread water on crude, rupee 30 Jun 2009, 1159 hrs IST Gold futures treaded water on Tuesday as support from rising crude oil was offset by a strong rupee back home, analysts said.
Source: ET

RESULT / PER SHARE (Rs) : FOR THE DAY RESULT / PER SHARE (Rs) : FOR THE DAY
DATE	TOTAL PROFIT	TOTAL LOSS	NET PROFIT	DETAILS
03-07-2009	301.00	-13.00	288.00	CLICK HERE

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