4:16 PM - It was a choppy but quiet day today. Weak global cues saw the market close in the negative. Sensex closed at 16086, down 130 points and Nifty at 4828, down 48 points from the previous close. The CNX Midcaps index was up 0.74% and BSE Smallcaps index was up 2.12%. The market breadth was positive with advances at 822 against declines of 414 on the NSE. Top NSE gainers included Tata Steel, PNB and HDFC while losers included Nalco, ICICI Bank and Bharti Airtel. » Send to friends
4:10 PM - Reliance Capital is a heavily oversold stock and it has a price target of Rs 1600-1700, says MB Singh, technical analyst, on NDTV Profit. The stock has resistance at Rs 1520 and support at Rs 1100, maintain a stop loss of Rs 1050, he says. The stock is currently trading at Rs 1344, up 1.15% on the BSE. » Send to friends
4:05 PM - Yes Bank is the top pick in the private banking sector space, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The stock is currently trading at Rs 191, up 11.91% on the BSE. His top picks in the realty space are Orbit Corporation, Akruti, HDIL and Lok Housing. » Send to friends
4:00 PM - Indian firm Tatas buys Jaguar and Land Rover, says UK newspaper Guardian, reports NDTV Profit. The Tatas are believed to have paid $2.5-2.7 billion for the JLR deal. While Land Rover is a profit making company, Jaguar is expected to break even in 2008. With this deal Tatas are expected to acquire assets worth $7.5 billion and liabilities worth $5 million. "With the Tatas acquiring Jaguar and Land Rover, the Indian corporate world is signaling to the world that is will be the driver of the world economy," says Commerce Minister Kamal Nath. The Tata Motors stock did not get impacted with the news, is trading at Rs 679, down 0.08% on the BSE. » Send to friends
3:56 PM - Rolta India has a target price of Rs 325, it has resistance at Rs 275-280, says Jatinder Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 148, up 4% on the BSE. » Send to friends
3:51 PM - Wyeth, Abbott and Merck can offer 35-40% upside in a year, says S Ranganathan of LKP Shares, on CNBC TV18. The valuations of these stocks look attractive at current levels, he adds. » Send to friends
3:45 PM - Gujarat NRE Coke's long-term trend is intact and the stock has a target price of Rs 230, it has resistance at Rs 180, says Amarjeet Singh of Mangal Keshav Securities, on CNBC Awaaz. The stock is currently trading at Rs 138, up 11.9% on the BSE. » Send to friends
3:39 PM - Prabhudas Liladhar has an outperform rating for XL Telecom with a target price of Rs 400, reports NDTV Profit. The stock is currently trading at Rs 203, down 4.95% on the BSE. » Send to friends
3:36 PM - It is still too early to say if we are out of the woods, says Anil Maghnani, technical analyst, on CNBC-TV18. After the huge 900 points rally yesterday it was expected that the market would take a pause, he says. This market is still very dependent on global cues and there is no strength to move up on its own, he adds. » Send to friends
3:32 PM - It was a flat day of trade on the market after yesterday's huge rally. Sensex closed at 16060, down 156 points (provisional) and Nifty at 4819, down 58 points (provisional) from the previous close. The CNX Midcaps index was up 0.66% and BSE Smallcaps index was up 2.01%. The market breadth was positive with advances at 804 against declines of 430 on the NSE. » Send to friends
3:25 PM - Sedan Swift DZire is the successor to the Maruti Esteem that will be discontinued now, says Shinzo Nakanishi, Managing Director and CEO, Maruti Suzuki India, at the launch on Zee Business. The Swift DZire was launched today and is priced between Rs 4.49-5.3 lakh. Maruti is currently trading at Rs 845, up 0.03% on the BSE. » Send to friends
3:21 PM - Adlabs, Suzlon and Reliance Capital have corrected sharply in the recent fall so the risk reward ratio is favourable in these stocks, says MB Singh, technical analyst, on NDTV Profit. These stocks will offer good value in the long term, he adds. » Send to friends
3:16 PM - The market is likely to consolidate in the range of 14000-17000 for the next 3-6 months, says Nirmal Jain of India Infoline, on CNBC TV18. There could be a 5% upside or downside forward from here, he adds. The market is likely to see the return of HNIs and retail investors now, he adds. » Send to friends
3:10 PM - HT Media has resistance at Rs 160 and support at Rs 120, says Jatinder Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 148, up 4% on the BSE. » Send to friends
3:03 PM - The market continues to be flat and is still trading in the negative. Sensex is currently trading at 16157, down 60 points and Nifty is trading at 4849, down 28 points from the previous close. The CNX Midcaps index is up 1.02% and BSE Smallcaps index is up 2.22%. The market breadth is positive with advances at 866 against declines of 374 on the NSE. » Send to friends
2:54 PM - Tata Chemicals has a 35-40% upside in the long term, says Rohit Nagraj of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 274, down 0.5% on the BSE. » Send to friends
2:45 PM - Titan is a good stock with a price target of Rs 1300, says MB Singh, technical analyst, on NDTV Profit. The stock has resistance at Rs 1275 and support at Rs 900, more stock can be bought at Rs 930, he says. The stock is currently trading at Rs 1040, up 1.41% on the BSE. » Send to friends
2:37 PM - Praj Industries has resistance at Rs 125 where one can book profits and the stock has support at Rs 96, says Jatinder Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 117, up 2.8% on the BSE. » Send to friends
2:31 PM - Aptech has resistance at Rs 235-238 and if that is crossed the stock can go up to Rs 270-275, says MB Singh, technical analyst, on NDTV Profit. The stock has support at Rs 160-170 and one should maintain a stop loss of Rs 145, he adds. The stock is currently trading at Rs 201, down 2.28% on the BSE. » Send to friends
2:24 PM - Emkay Shares and Stock Brokers has a price target of Rs 115 for Thomas Cook, reports Zee Business. The stock is currently trading at Rs 95, up 0.69% on the BSE. » Send to friends
2:16 PM - Suzlon has a price target of Rs 260-270, says MB Singh, technical analyst, on NDTV Profit. Maintain a stop loss of Rs 200-220, he says. The stock is currently trading at Rs 227, down 2.90% on the BSE. » Send to friends
2:09 PM - The market will continue to be volatile as the bad news from overseas is not over, says S Balakrishnan of Centrum Capital, on CNBC TV18. There is money waiting on the sidelines to jump in but the picture needs to be clear so a wait and watch approach is called for, he says. The market will continue to see volatility again and again, he feels. It's testing times for the investor, he adds. » Send to friends
2:02 PM - The European markets are trading weak. Poor global cues are dampening sentiments on the Indian market as well. Sensex is currently trading at 16020, down 196 points and Nifty is trading at 4809, down 67 points from the previous close. The CNX Midcaps index is up 0.06% and BSE Smallcaps index is up 1.34%. The market breadth is positive with advances at 767 against declines of 455 on the NSE. » Send to friends
1:56 PM - Chambal Fertilisers has resistance at Rs 55-56 and one can exit the stock at these levels, says a technical analyst, on Zee Business. The stock is currently trading at Rs 48, down 3.29% on the BSE. » Send to friends
1:50 PM - Brigade Enterprises can go to Rs 300 in one year, says Anita Gandhi of Arihant Capital Markets, on NDTV Profit. The stock is currently trading at Rs 164, down 1.32% on the BSE. » Send to friends
1:44 PM - Ansal API has resistance at Rs 165-230 and one can exit the stock at higher levels, says MB Singh, technical analyst, on NDTV Profit. The stock has support at Rs 130 and one should maintain a stop loss of Rs 113, he adds. The stock is currently trading at Rs 153, up 3.37% on the BSE. » Send to friends
1:37 PM - Andhra Bank, Koutons Retail and Shasun Chemicals can offer 25-30% upside in the long term, says Bhuvan Yadav, research analyst at Karvy Stock Broking, on NDTV Profit. » Send to friends
1:29 PM - Yes Bank has resistance at Rs 185-205 and one can exit the stock at higher levels, says MB Singh, technical analyst, on NDTV Profit. The stock has support at Rs 160 and one should maintain a stop loss of Rs 150, he adds. The stock is currently trading at Rs 180, up 4.91% on the BSE. » Send to friends
1:21 PM - Yes Bank is a great buy at current levels and the stock can go to Rs 200 in a rally, says Anita Gandhi of Arihant Capital Markets, on NDTV Profit. The stock is currently trading at Rs 180, up 4.91% on the BSE. » Send to friends
1:14 PM - Yes Bank is a good buy at current levels for the long term, says Sharmila Joshi of Prabhudas Lilladher, on CNBC TV18. The management has shown strength and the company clarification on the derivatives is welcome, she adds. The company is expected to announce its audited results on April 9. The stock is currently trading at Rs 180, up 4.91% on the BSE. » Send to friends
1:06 PM - The Asian markets are trading mixed. The Indian market is losing some gains. Sensex is currently trading at 16100, down 116 points and Nifty is trading at 4841, down 36 points from the previous close. The CNX Midcaps index is up 0.59% and BSE Smallcaps index is up 1.81%. The market breadth is positive with advances at 843 against declines of 381 on the NSE. » Send to friends
12:56 PM - Asit C. Mehta Investment Intermediates puts a subscribe on Titagarh Wagons whose IPO issue closes tomorrow, reports NDTV Profit. The price band of the issue was Rs 540-610/share and the issue size was 238 crore shares. The company denied reports that the issue date would be extended, states the news channel. » Send to friends
12:49 PM - Prism Cement has resistance at Rs 45-53-55 and one can exit the stock at higher levels, says MB Singh, technical analyst, on NDTV Profit. The stock has support at Rs 37-38, he adds. The stock is currently trading at Rs 42, up 1.30% on the BSE. » Send to friends
12:41 PM - IDFC has an attractive business model and a good upside for a long-term perspective, says Deven Choksey of KR Choksey, on CNBC Awaaz. The stock is currently trading at Rs 161, up 3.1% on the BSE. » Send to friends
12:34 PM - Pfizer sues Ranbaxy in Delaware for patent infringement relating to the drugs Lipitor and Caduet, reports CNBC TV18. Pfizer's move is aimed at delaying Ranbaxy's generic Lipitor launch in March 2010. The stock took a slight hit on the news and is trading at Rs 448, down 0.79% on the BSE. » Send to friends
12:28 PM - IFCI has resistance at Rs 55 and support at Rs 40, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 44, up 2% on the BSE. » Send to friends
12:20 PM - JP Hydro has resistance at Rs 61-62 and if that is crossed it can go to Rs 85-90, says MB Singh, technical analyst, on NDTV Profit. The stock has support at Rs 45-48, maintain a stop loss of Rs 45, he adds. The stock is currently trading at Rs 53, up 2.10% on the BSE. » Send to friends
12:10 PM - Tata Tele has resistance at Rs 36-38 and support at Rs 25, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is good, one can average by exiting at higher levels and re-entering the stock, he says. The stock is currently trading at Rs 28, up 4.8% on the BSE. » Send to friends
12:02 PM - The market is volatile but in a tight band, fluctuating between positive and negative. Sensex is currently trading at 16208, down 9 points and Nifty is trading at 4876, down 1 point from the previous close. The CNX Midcaps index is up 1.05% and BSE Smallcaps index is up 2.11%. The market breadth is positive with advances at 892 against declines of 314 on the NSE. » Send to friends
11:56 AM - Simplex Infrastructure has bagged orders worth Rs 653 crore from Ritz Carlton, reports CNBC TV18. The company has an order book of Rs 10,000 crore. The stock is currently trading at Rs 537, up 2.63% on the BSE. » Send to friends
11:48 AM - KS Oils acquires 50,000 acres of palm plantation in Indonesia, reports NDTV Profit. The stock has reacted to the news positively and is trading at Rs 67, up 4.74% on the BSE. » Send to friends
11:41 AM - IDFC has resistance at Rs 190-200 and support at Rs 140, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 161, up 3.1% on the BSE. » Send to friends
11:33 AM - Tata Steel continues to be our top pick in the steel space, says Daljeet Kohli of Emkay Shares and Stock Brokers, on NTV Profit. The stock is currently trading at Rs 655, up 3.34% on the BSE. » Send to friends
11:27 AM - Pinc Research has a price target of Rs 490 for Prathibha Industries, reports Zee Business. The stock is currently trading at Rs 302, up 2.95% on the BSE. » Send to friends
11:18 AM - This market is witnessing a technical rally, says Ramesh Damani, NSE member, on CNBC Awaaz. Interest rates are unlikely to come down and concerns over inflation will continue so it is still too early to say that we are out of the woods, he adds. » Send to friends
11:10 AM - RPL has a price target of Rs 250-300, says Gaurang Shah of Geojit Financials, on Zee Business. There is not much downside to this stock and it's a safe bet, he adds. The stock is currently trading at Rs 157, up 0.16% on the BSE. » Send to friends
11:00 AM - Angel Broking has a price target of Rs 1170 for JSW Steel, reports Zee Business. The stock is currently trading at Rs 849, up 0.02% on the BSE. » Send to friends
10:52 AM - The market is in the process of setting an intermediate bottom, says Shane Oliver of AMP Capital Investments, on CNBC TV18. This intermediate rally could last for two months, he says. The market was oversold and undervalued after the recent fall but now valuations are looking attractive, he adds. The investor sentiment is very bearish and one can expect to see sectoral rotation, he says. » Send to friends
10:44 AM - Sharekhan has a price target of Rs 1625 for Shree Cements, reports Zee Business. The stock is currently trading at Rs 1005, down 0.59% on the BSE. » Send to friends
10:36 AM - The market continues to be choppy in a tight range. Sensex is currently trading at 16234 up 16 points and Nifty is trading at 4888, up 11 points from the previous close. The CNX Midcaps index is up 0.44% and BSE Smallcaps index is up 1.2%. The market breadth is positive with advances at 727 against declines of 378 on the NSE. » Send to friends
10:25 AM - The market is likely to see pressure of profit booking on rallies, says Rajat Bose, technical analyst, on CNBC Awaaz. Nifty is likely to trade in 4940-4960 range and only once it crosses this will 5000 be tested, he adds. » Send to friends
10:14 AM - GEI International has bagged an order of Rs 30 crore from Essar Construction, reports NDTV Profit. The market capital of the company stands at Rs 90 crore. The stock is currently trading at Rs 66, up 1.54% on the BSE. » Send to friends
10:06 AM - The market has recovered but is choppy. Sensex is currently trading at 16290, up 72 points. Nifty is trading at 4894, up 17 points from the previous close. All sectoral indices are in the positive. The CNX Midcaps index is up 0.78% and BSE Smallcaps index is up 0.91%. » Send to friends
9:59 AM - The Asian markets are trading mixed. The Indian market sees a flat opening. Sensex and Nifty opened in the positive and within seconds both cracked to slip into the negative. Sensex is currently trading at 16172, down 45 points. Nifty is trading at 4868, down 8 points from the previous close. » Send to friends
9:53 AM - The NDTV Opinion Poll expects to see a flat opening for the market today. Nifty will find it difficult to cross 5000 and midcaps will be in the focus again. Stocks to watch out for are Adlabs, Mercator Lines, Ranbaxy and Indiabulls Finance. » Send to friends
9:46 AM - The market is likely to be volatile this being the F&O expiry week, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. This is a good opportunity to buy if investors are willing to take a little risk since the market may go down another 10% from here, he says. But it could hold out as well as the short-term trend is positive, he adds. » Send to friends
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