Indonesia stock info - BSE Sensex, ICICI Bank shares, ITC down oct 23 2012 ;
The BSE Sensex declined 0.06 per cent, while the 50-share Nifty traded 0.1 per cent lower on Tuesday. Volatility is expected a day ahead of expiry of October derivatives contracts on Thursday, with Wednesday being a public holiday.
Showing posts with label Indian Stocks. Show all posts
Showing posts with label Indian Stocks. Show all posts
Indian stock market forecast next week october 22-26 2012
Indonesia stock info - Indian stock market forecast next week october 22-26 2012 ;
The near-month October 2012 derivatives expired on 25 October 2012 and we have a truncated trading week as the stock market remains closed on 24 Oct'12 on account of Dussehra. The focus of the market remains on the Q2 earnings as investors will closely watch the management commentary that would accompany the results which could cause revision in their future earnings forecast.
NCD issue option from Shriram City Union Finance
Indonesia stock info - NCD issue option from Shriram City Union Finance ; With interest rates on bank deposits beginning to dip sharply, non-convertible debentures (NCDs) from companies offer a good option for investors looking to lock into higher fixed returns. These are, however, suitable only for investors with some risk appetite, as they are not as safe as bank deposits.
For such investors, the three-year NCD option from Shriram City Union Finance appears a good bet. Shriram City is a deposit taking non-banking finance company that lends mainly to retail customers and small/medium enterprises. For individual investors, the yield on the cumulative option for investments of less than Rs 5 lakh is an attractive 11.5 per cent. For more than Rs 5 lakh investments, the yield offered is 10.6 per cent. For high net worth investors, there are better options in the market at that rate. The NCDs are secured.
The rates look compelling, especially in the light of some banks cutting their deposit rates. The rates on this secured option is 1.75 percentage points more than the highest rate offered by banks. The best rate offered by similarly rated NBFC deposits is 10.75 per cent.
Go for three-year option
While the NCDs offer both three- and five-year options, the shorter-term option appears better given the regulatory uncertainties for NBFCs. The rate on the five-year option, at 11.75 per cent, is only marginally more than on the three-year option. Additionally, for investors in higher tax brackets, longer term tax-free bonds of development finance institutions may be a better option. After accounting for tax, the yield on the cumulative option of this NCD works out 8.23 per cent, 9.32 per cent and 10.4 per cent for investors in 30, 20 and 10 per cent tax brackets, respectively. NBFCs are expected to come up with more public offerings of NCDs given the constraints on fund raising through traditional channels such as banking. This would mean no dearth of NCD issues. Investors have to also take note that high exposure to NBFCs increases the risks to their debt portfolio.
Business
The NCD has Crisil’s investment grade rating of AA- which is three notches below the highest rating. But it signifies “high degree of safety regarding timely servicing of financial obligations.” Such instruments carry very low credit risk.
As of June 2012, the loan assets managed by Shriram City amounted to Rs 14,889 crore . Loans against gold and lending to small enterprises account for 70 per cent of the total assets, followed by vehicle loans. The net profits for the year ended March 2012 and the quarter ended June 2012 were Rs 342 crore and Rs 103 crore, respectively. Profits have grown 41 per cent compounded annually during the period 2007-08 to 2011-12. The net NPA ratio as of June 2012 was 0.38 per cent. The capital-adequacy ratio is 15.8 per cent against the RBI requirement of 15 per cent.
Issue details
The NCD issue size is Rs 250 crore with an option to retain oversubscription of another Rs 250 crore. The issue opens on September 12 and is on a first-come-first-served basis. NCD holders can trade in these debentures in the secondary market (NSE and BSE) on listing. However, investors could face liquidity risks as the bond market is relatively illiquid.
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For such investors, the three-year NCD option from Shriram City Union Finance appears a good bet. Shriram City is a deposit taking non-banking finance company that lends mainly to retail customers and small/medium enterprises. For individual investors, the yield on the cumulative option for investments of less than Rs 5 lakh is an attractive 11.5 per cent. For more than Rs 5 lakh investments, the yield offered is 10.6 per cent. For high net worth investors, there are better options in the market at that rate. The NCDs are secured.
The rates look compelling, especially in the light of some banks cutting their deposit rates. The rates on this secured option is 1.75 percentage points more than the highest rate offered by banks. The best rate offered by similarly rated NBFC deposits is 10.75 per cent.
Go for three-year option
While the NCDs offer both three- and five-year options, the shorter-term option appears better given the regulatory uncertainties for NBFCs. The rate on the five-year option, at 11.75 per cent, is only marginally more than on the three-year option. Additionally, for investors in higher tax brackets, longer term tax-free bonds of development finance institutions may be a better option. After accounting for tax, the yield on the cumulative option of this NCD works out 8.23 per cent, 9.32 per cent and 10.4 per cent for investors in 30, 20 and 10 per cent tax brackets, respectively. NBFCs are expected to come up with more public offerings of NCDs given the constraints on fund raising through traditional channels such as banking. This would mean no dearth of NCD issues. Investors have to also take note that high exposure to NBFCs increases the risks to their debt portfolio.
Business
The NCD has Crisil’s investment grade rating of AA- which is three notches below the highest rating. But it signifies “high degree of safety regarding timely servicing of financial obligations.” Such instruments carry very low credit risk.
As of June 2012, the loan assets managed by Shriram City amounted to Rs 14,889 crore . Loans against gold and lending to small enterprises account for 70 per cent of the total assets, followed by vehicle loans. The net profits for the year ended March 2012 and the quarter ended June 2012 were Rs 342 crore and Rs 103 crore, respectively. Profits have grown 41 per cent compounded annually during the period 2007-08 to 2011-12. The net NPA ratio as of June 2012 was 0.38 per cent. The capital-adequacy ratio is 15.8 per cent against the RBI requirement of 15 per cent.
Issue details
The NCD issue size is Rs 250 crore with an option to retain oversubscription of another Rs 250 crore. The issue opens on September 12 and is on a first-come-first-served basis. NCD holders can trade in these debentures in the secondary market (NSE and BSE) on listing. However, investors could face liquidity risks as the bond market is relatively illiquid.
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NCD issue next week september 10 2012
Indonesia stock info - NCD issue next week september 10 2012 ; Religare Finvest Ltd (RFL), a non-banking finance company focused on SME lending, plans to raise Rs 250 crore through Non-Convertible Debenture (NCD) issue next week, its Chief Executive Officer Kavi Arora has said. There will also be a green shoe option of Rs 250 crore, making the total size of the issue Rs 500 crore.
RFL is a wholly-owned subsidiary of Religare Enterprises, which is a listed entity and holding company of the Religare Group.
The fully secured NCD issue has received the SEBI nod recently and the company will begin roadshows early next week, Kavi Arora said.
Investment Options
Investors will have an option to buy NCDs with a tenure of three years or five years. The coupon rates for the NCDs will be decided in the next few days, the CEO said.
The NCDs will be listed on the NSE and the BSE.The company had mopped up close to Rs 750 crore through an NCD issue, around this time last year.
On whether RFL will list its shares, Arora said listing is still couple of years away.
RFL is quite well capitalised for now and has a capital adequacy ratio of 18 per cent. There is enough headroom to grow the business, he said.
In 2011-12, about Rs 350 crore of private equity funds got deployed in RFL, adding to the financial strength of the company.
RFL’s loan book grew 40.22 per cent in 2011-12. For the current financial year, the company is eyeing loan book growth of 18-20 per cent, according to the CEO.
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RFL is a wholly-owned subsidiary of Religare Enterprises, which is a listed entity and holding company of the Religare Group.
The fully secured NCD issue has received the SEBI nod recently and the company will begin roadshows early next week, Kavi Arora said.
Investment Options
Investors will have an option to buy NCDs with a tenure of three years or five years. The coupon rates for the NCDs will be decided in the next few days, the CEO said.
The NCDs will be listed on the NSE and the BSE.The company had mopped up close to Rs 750 crore through an NCD issue, around this time last year.
On whether RFL will list its shares, Arora said listing is still couple of years away.
RFL is quite well capitalised for now and has a capital adequacy ratio of 18 per cent. There is enough headroom to grow the business, he said.
In 2011-12, about Rs 350 crore of private equity funds got deployed in RFL, adding to the financial strength of the company.
RFL’s loan book grew 40.22 per cent in 2011-12. For the current financial year, the company is eyeing loan book growth of 18-20 per cent, according to the CEO.
Feel free to forward this Op Ed and follow our Blog stock market news today
Indian stock market, Nifty outlook 10-14 2012
Indonesia stock info - Indian stock market, Nifty Futures outlook 10-14 2012, best stock to watch next week 10 september 2012, ; The Nifty opened the week on a subdued note and traded in a narrow range for the initial days. The Nifty recorded a low of 5215, before picking up strong momentum toward the end of the week.
The Nifty finally closed at 5358, after recording a high of 5366 level. Nifty has closed strongly by witnessing rising gap in Friday's session, which lead index to register weekly close above cluster of moving averages.
Currently the index is forming a rising wedge pattern on daily chart. In the near future index is likely to consolidate at higher levels. The index has an immediate resistance at 5400 followed by swing high of 5448 levels.
On the downside index has strong support in the range of 5310 -5275 levels.
We believe it is a good sign but the pockets of strength remain. Pharma, FMCG and IT continue to remain strong. We believe that this will continue for this series. We look positively in these sectors whether it is Cipla , Aurobindo Pharma or Dr Reddy they all look good in the pharma space. In FMCG, you can carry a position in Dabur , ITC those corrected today but, can be looked at positively. These are the stocks which are looking positive now
* Investors' anxiety may increase as the prolonged wait for much touted reform measures gathers further pace next week, ahead of RBI's policy meeting on Sept. 17.
* Indian stock markets are keenly watching if the government can push forward FDI and fuel price hike via executive decisions as the monsoon session of the grid-locked parliament ends on Friday.
* Markets also await key macroeconomic data next week. July industrial output data to be released on Sept. 12 and August headline inflation on Sept. 14.
* Data points will also be key ahead of RBI's monetary policy review on Sept. 17.
* Markets expect August inflation at around 7 percent and IIP growth to be flat to slightly negative.
* Hopes of Fed launching another bond-buying programme got a boost after ECB's action. Investors will look to U.S. jobs data due at 1230 GMT for further hints.
* Indian stock trading in both Bombay Stock Exchange and National Stock Exchange will be opened for 1-1/2 hours on Saturday, Sept. 8 as the BSE is testing its disaster recovery software.
The top five trading ideas for the week are:
Hexaware Technologies:
The price of Hexaware had registered a breakout from a key resistance during February 2012. Thereafter the stock retested the breakout level and consolidated at higher levels. The share price has broken this consolidation and closed near new 52-weeks high.
The stock has also been sustaining above its cluster of moving averages over the past few sessions of trade which is also a bullish sign. The momentum indicators are in rising trajectory and are in buy mode.
Hence, we recommend buying on dips between Rs 131—132 levels with a stoploss placed below Rs 129.40 levels, for targets of Rs 138.50 and Rs 144 levels.
Dr Reddy's Laboratories:
The share price of Dr Reddy's Laboratories registered breakout from an ascending triangle pattern on Saturday. The stock has also sustained above its cluster of moving averages.
The momentum indicator is also rolling upward. The above mentioned evidences suggest that the stock is likely to head towards the levels of Rs 1,778 - 1,814 in the near future.
We recommend a buy at current level and again on dips up to Rs 1,705—1,718 with a stoploss placed below Rs 1,673.80 for the above mentioned targets.
HDIL:
The price of HDIL has been trading upward after registering 52-week low of Rs 52.05 level. Currently the stock has once again taken support from rising trend line. On the weekly chart the stock has formed a bullish candlestick pattern.
The stock is also trading above its near term moving average. The momentum indicator has exited from oversold zone and registered a fresh breakout.
Traders can look to buy at CMP and again on dips to Rs 70.50 - 71 with a stoploss placed below Rs 69.40 levels for targets of Rs 74.50-76.50 levels.
Godrej Industries:
The price of Godrej Ind. has been trading in a narrow range after registering a high of Rs 283.35 level. This consolidation has taken a form of a descending triangle pattern. In this week the stock has registered breakout from above mentioned pattern.
The stock is also trading above its cluster of moving averages as well as lower Bollinger band. The momentum indicator has turned into buy mode which displays strength in the counter.
Thus, traders can look to buy now with a stop loss placed below Rs 251.80 levels, for the target of Rs 270 -278 - 284.
IRB Infrastructure:
The share price of IRB Infrastructure is about to register breakout from an ascending triangle pattern. The stock is also sustaining above its cluster of moving averages.
On the intraday chart the stock has registered a breakout from a rising inverted head and shoulder pattern. The momentum indicator is gaining upward momentum. The above mentioned evidences suggest that the stock is likely to head towards the levels of Rs 135-138 in the near future.
We recommend a buy sustaining above Rs 129 with a stoploss placed below Rs 124.40 for the above mentioned targets.
Feel free to forward this Op Ed and follow our Blog stock market news today
The Nifty finally closed at 5358, after recording a high of 5366 level. Nifty has closed strongly by witnessing rising gap in Friday's session, which lead index to register weekly close above cluster of moving averages.
Currently the index is forming a rising wedge pattern on daily chart. In the near future index is likely to consolidate at higher levels. The index has an immediate resistance at 5400 followed by swing high of 5448 levels.
On the downside index has strong support in the range of 5310 -5275 levels.
We believe it is a good sign but the pockets of strength remain. Pharma, FMCG and IT continue to remain strong. We believe that this will continue for this series. We look positively in these sectors whether it is Cipla , Aurobindo Pharma or Dr Reddy they all look good in the pharma space. In FMCG, you can carry a position in Dabur , ITC those corrected today but, can be looked at positively. These are the stocks which are looking positive now
* Investors' anxiety may increase as the prolonged wait for much touted reform measures gathers further pace next week, ahead of RBI's policy meeting on Sept. 17.
* Indian stock markets are keenly watching if the government can push forward FDI and fuel price hike via executive decisions as the monsoon session of the grid-locked parliament ends on Friday.
* Markets also await key macroeconomic data next week. July industrial output data to be released on Sept. 12 and August headline inflation on Sept. 14.
* Data points will also be key ahead of RBI's monetary policy review on Sept. 17.
* Markets expect August inflation at around 7 percent and IIP growth to be flat to slightly negative.
* Hopes of Fed launching another bond-buying programme got a boost after ECB's action. Investors will look to U.S. jobs data due at 1230 GMT for further hints.
* Indian stock trading in both Bombay Stock Exchange and National Stock Exchange will be opened for 1-1/2 hours on Saturday, Sept. 8 as the BSE is testing its disaster recovery software.
The top five trading ideas for the week are:
Hexaware Technologies:
The price of Hexaware had registered a breakout from a key resistance during February 2012. Thereafter the stock retested the breakout level and consolidated at higher levels. The share price has broken this consolidation and closed near new 52-weeks high.
The stock has also been sustaining above its cluster of moving averages over the past few sessions of trade which is also a bullish sign. The momentum indicators are in rising trajectory and are in buy mode.
Hence, we recommend buying on dips between Rs 131—132 levels with a stoploss placed below Rs 129.40 levels, for targets of Rs 138.50 and Rs 144 levels.
Dr Reddy's Laboratories:
The share price of Dr Reddy's Laboratories registered breakout from an ascending triangle pattern on Saturday. The stock has also sustained above its cluster of moving averages.
The momentum indicator is also rolling upward. The above mentioned evidences suggest that the stock is likely to head towards the levels of Rs 1,778 - 1,814 in the near future.
We recommend a buy at current level and again on dips up to Rs 1,705—1,718 with a stoploss placed below Rs 1,673.80 for the above mentioned targets.
HDIL:
The price of HDIL has been trading upward after registering 52-week low of Rs 52.05 level. Currently the stock has once again taken support from rising trend line. On the weekly chart the stock has formed a bullish candlestick pattern.
The stock is also trading above its near term moving average. The momentum indicator has exited from oversold zone and registered a fresh breakout.
Traders can look to buy at CMP and again on dips to Rs 70.50 - 71 with a stoploss placed below Rs 69.40 levels for targets of Rs 74.50-76.50 levels.
Godrej Industries:
The price of Godrej Ind. has been trading in a narrow range after registering a high of Rs 283.35 level. This consolidation has taken a form of a descending triangle pattern. In this week the stock has registered breakout from above mentioned pattern.
The stock is also trading above its cluster of moving averages as well as lower Bollinger band. The momentum indicator has turned into buy mode which displays strength in the counter.
Thus, traders can look to buy now with a stop loss placed below Rs 251.80 levels, for the target of Rs 270 -278 - 284.
IRB Infrastructure:
The share price of IRB Infrastructure is about to register breakout from an ascending triangle pattern. The stock is also sustaining above its cluster of moving averages.
On the intraday chart the stock has registered a breakout from a rising inverted head and shoulder pattern. The momentum indicator is gaining upward momentum. The above mentioned evidences suggest that the stock is likely to head towards the levels of Rs 135-138 in the near future.
We recommend a buy sustaining above Rs 129 with a stoploss placed below Rs 124.40 for the above mentioned targets.
Feel free to forward this Op Ed and follow our Blog stock market news today
BUY OR SELL Indian stock april 19 2012
Indonesia stock info - BUY OR SELL Indian stock to watch april 19 2012 ; Indian shares are expected to trade in a range with a positive bias on Thursday tracking mixed Asian markets. According to analysts, Indian market is likely to remain rangebound with stock specific action in the midst of earnings season.
The National Stock Exchange's Nifty pared most of the intraday gains and closed on flat-to-positive note on Wednesday as negative cues from European markets dampened sentiments.
According to analysts, Nifty is likely to trade in a narrow 200-300 point range until clarity emerges on GAAR and whether the government succeeds in restricting the fiscal deficit to the targeted 5.1% of GDP during the current financial year, analysts said.
"The Nifty attempted to close above its critical level of 5310 but the index pared most of its intra-day gains and ended flat on Wednesday. The 10-week old trading range is now in a highly compressed mode and a breakout will lead to a trending market," said Rakesh Gandhi, Sr Technical Analyst at LKP Securities Ltd.
"Going by the basics of technical analysis, a breakout generally happens after a consolidation in the direction of trend. In our case, markets have rallied in January-February and are now trading flat since last 10 weeks. It is very difficult to point the next trend but, eventually basics are pointing towards an upward trend," added Rakesh.
Rakesh further added that traders need to be careful around critical levels of 5310 and 5360 on the upside while on down side 5200 and 5150 should be watched.
Important results to watch out today are:
ACC Ltd, Ambuja Cements Ltd, Hindustan Zinc Ltd and IndusInd Bank Ltd
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Ashwani Gujral of ashwanigujral. com
IVRCL Ltd is a 'SELL' call with a target of Rs 56 and a stop loss of Rs 68
Sun Pharma Ltd is a 'BUY' call with a target of Rs 615 and a stop loss of Rs 587
Ashok Leyland Ltd is a 'BUY' call with a target of Rs 36 and a stop loss of Rs 28
LIC Housing Finance Ltd is a 'SELL' call with a target of Rs 252 and a stop loss of Rs 273
Indian Overseas Bank Ltd is a 'SELL' call with a target of Rs 87 and a stop loss of Rs 101
Tata Consultancy Services Ltd is a 'SELL' call with a target of Rs 1060 and a stop loss of Rs 1120
Vijay Bhambwani, Author, CEO, BSPLindia.com
Ashok Leyland Ltd is a 'BUY' call with a target of Rs 32 and a stop loss of Rs 29
Pidilite Industries Ltd is a 'BUY' call with a target of Rs 185 and a stop loss of Rs 162
Sandeep Wagle, Founder & MD, APTART Technical Advisory Services
Siemens Ltd is a 'BUY' call with a target of Rs 855 and a stop loss of Rs 817
Bhushan Steel Ltd is a 'BUY' call with a target of Rs 448 and a stop loss of Rs 412
GVK Power & Infrastructure Ltd is a 'BUY' call with a target of Rs 20 and a stop loss of Rs 17.90
Ipca Laboratories Ltd is a 'BUY' call with a target of Rs 362 and a stop loss of Rs 344
Exide Industries Ltd is a 'SELL' call with a target of Rs 128 and a stop loss of Rs 136.50
Deepak Mohoni, Director, trendwatchindia.com
Escorts Ltd is a 'BUY' call with a target of Rs 80 and a stop loss of Rs 75.50
Kotak Mahindra Bank Ltd is a 'BUY' call with a target of Rs 602 and a stop loss of Rs 572
Exide Industries Ltd is a 'SELL' call with a target of Rs 129 and a stop loss of Rs 134
The National Stock Exchange's Nifty pared most of the intraday gains and closed on flat-to-positive note on Wednesday as negative cues from European markets dampened sentiments.
According to analysts, Nifty is likely to trade in a narrow 200-300 point range until clarity emerges on GAAR and whether the government succeeds in restricting the fiscal deficit to the targeted 5.1% of GDP during the current financial year, analysts said.
"The Nifty attempted to close above its critical level of 5310 but the index pared most of its intra-day gains and ended flat on Wednesday. The 10-week old trading range is now in a highly compressed mode and a breakout will lead to a trending market," said Rakesh Gandhi, Sr Technical Analyst at LKP Securities Ltd.
"Going by the basics of technical analysis, a breakout generally happens after a consolidation in the direction of trend. In our case, markets have rallied in January-February and are now trading flat since last 10 weeks. It is very difficult to point the next trend but, eventually basics are pointing towards an upward trend," added Rakesh.
Rakesh further added that traders need to be careful around critical levels of 5310 and 5360 on the upside while on down side 5200 and 5150 should be watched.
Important results to watch out today are:
ACC Ltd, Ambuja Cements Ltd, Hindustan Zinc Ltd and IndusInd Bank Ltd
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Ashwani Gujral of ashwanigujral. com
IVRCL Ltd is a 'SELL' call with a target of Rs 56 and a stop loss of Rs 68
Sun Pharma Ltd is a 'BUY' call with a target of Rs 615 and a stop loss of Rs 587
Ashok Leyland Ltd is a 'BUY' call with a target of Rs 36 and a stop loss of Rs 28
LIC Housing Finance Ltd is a 'SELL' call with a target of Rs 252 and a stop loss of Rs 273
Indian Overseas Bank Ltd is a 'SELL' call with a target of Rs 87 and a stop loss of Rs 101
Tata Consultancy Services Ltd is a 'SELL' call with a target of Rs 1060 and a stop loss of Rs 1120
Vijay Bhambwani, Author, CEO, BSPLindia.com
Ashok Leyland Ltd is a 'BUY' call with a target of Rs 32 and a stop loss of Rs 29
Pidilite Industries Ltd is a 'BUY' call with a target of Rs 185 and a stop loss of Rs 162
Sandeep Wagle, Founder & MD, APTART Technical Advisory Services
Siemens Ltd is a 'BUY' call with a target of Rs 855 and a stop loss of Rs 817
Bhushan Steel Ltd is a 'BUY' call with a target of Rs 448 and a stop loss of Rs 412
GVK Power & Infrastructure Ltd is a 'BUY' call with a target of Rs 20 and a stop loss of Rs 17.90
Ipca Laboratories Ltd is a 'BUY' call with a target of Rs 362 and a stop loss of Rs 344
Exide Industries Ltd is a 'SELL' call with a target of Rs 128 and a stop loss of Rs 136.50
Deepak Mohoni, Director, trendwatchindia.com
Escorts Ltd is a 'BUY' call with a target of Rs 80 and a stop loss of Rs 75.50
Kotak Mahindra Bank Ltd is a 'BUY' call with a target of Rs 602 and a stop loss of Rs 572
Exide Industries Ltd is a 'SELL' call with a target of Rs 129 and a stop loss of Rs 134
Nifty India stock futures feb 9 2012
Indonesia stock info - Nifty India stock futures feb 9 2012 ; The 50-share Nifty index is expected to open lower on Thursday tracking weak Asian markets while investors will keep a close eye on Hindalco and Tata Steel ahead of their quarterly results which will be out later today.
The Nifty pulled back from day's lows in the last half-an hour of the trading session and closed in the positive terrain on Wednesday led by gains in realty, metal stocks.
"The Nifty continued to show strength on every decline, largely aided by strong FII inflows. FIIs have invested 18,000 crore so far in the current year, pushing up the index by over 15%. It is necessary that FII inflows should sustain as there is always a risk of short-term money flowing out, if investors become risk-averse," said Neeraj Agarwal, Derivatives Analyst Emkay Global Financial Services in an ET report.
"Ample liquidity inflow into the markets is helping the momentum to sustain. The 200-day DMA for Nifty is placed at around the 5180-5200 levels. As long as the Nifty sustains above 5200 levels, one can continue to hold long positions," added Neeraj.
At 08:00 AM, Nifty India stock futures in Singapore were down 29.50 points at 5,365.50, indicating a negative opening in the domestic market.
Important results to watch out for:
Adani Enterprises Ltd, Alfa Laval Ltd, Apollo Tyres Ltd, C&C Construction Ltd, Gammon India Ltd, GTL Ltd, GTL Infrastructure Ltd, Hindalco Industries Ltd, HPCL Ltd, JK Tyre & Industries Ltd, Jyoti Ltd, Network 18 Media & Investment Ltd, Page Industries Ltd, Rajesh Exports Ltd, Ruchi Infrastructure Ltd and Tata Steel Ltd.
Stocks in news:
Tech Mahindra Ltd will be in focus after the company reported a consolidated net profit of Rs 276 crore for the quarter ended December 31, 2011. Income from operations rose to Rs 1,444.87 crore during the quarter under review, against Rs 1,211.14 crore in the same period last year.
Gammon India Ltd will be watched after its subsidiary GIPL said it has bagged a Rs 1,684 crore project from NHAI for widening Vijaywada-Gundugolanu section of National Highway in Andhra Pradesh.
CEAT will be in focus after the tyre maker Ceat Ltd today said it will invest up to Rs 250 crore to set up its first manufacturing plant in Bangladesh within the next 30 months.
The Nifty pulled back from day's lows in the last half-an hour of the trading session and closed in the positive terrain on Wednesday led by gains in realty, metal stocks.
"The Nifty continued to show strength on every decline, largely aided by strong FII inflows. FIIs have invested 18,000 crore so far in the current year, pushing up the index by over 15%. It is necessary that FII inflows should sustain as there is always a risk of short-term money flowing out, if investors become risk-averse," said Neeraj Agarwal, Derivatives Analyst Emkay Global Financial Services in an ET report.
"Ample liquidity inflow into the markets is helping the momentum to sustain. The 200-day DMA for Nifty is placed at around the 5180-5200 levels. As long as the Nifty sustains above 5200 levels, one can continue to hold long positions," added Neeraj.
At 08:00 AM, Nifty India stock futures in Singapore were down 29.50 points at 5,365.50, indicating a negative opening in the domestic market.
Important results to watch out for:
Adani Enterprises Ltd, Alfa Laval Ltd, Apollo Tyres Ltd, C&C Construction Ltd, Gammon India Ltd, GTL Ltd, GTL Infrastructure Ltd, Hindalco Industries Ltd, HPCL Ltd, JK Tyre & Industries Ltd, Jyoti Ltd, Network 18 Media & Investment Ltd, Page Industries Ltd, Rajesh Exports Ltd, Ruchi Infrastructure Ltd and Tata Steel Ltd.
Stocks in news:
Tech Mahindra Ltd will be in focus after the company reported a consolidated net profit of Rs 276 crore for the quarter ended December 31, 2011. Income from operations rose to Rs 1,444.87 crore during the quarter under review, against Rs 1,211.14 crore in the same period last year.
Gammon India Ltd will be watched after its subsidiary GIPL said it has bagged a Rs 1,684 crore project from NHAI for widening Vijaywada-Gundugolanu section of National Highway in Andhra Pradesh.
CEAT will be in focus after the tyre maker Ceat Ltd today said it will invest up to Rs 250 crore to set up its first manufacturing plant in Bangladesh within the next 30 months.
Indian markets Nifty down january 30 2012
Indonesia stock info - Indian markets Nifty down january 30 2012 ; The 50-share Nifty index is expected to open lower on Monday tracking negative Asian markets after US stocks cut losses to end little changed on Friday and investors will also keep a close eye on a European Union summit meeting due later today.
The Sensex gained 0.92 percent or 156.80 points on Friday to close at 17,233.98 points, the highest level in almost 10 weeks.
According to analysts, Indian markets may witness some corrections this week with investors booking profits in the wake of a substantial gain of 1,716.06 points registered so far this month.
"Long term patterns on the charts suggest that 5250 on the Nifty and 17300 for the Sensex look extremely challenging and some profit booking is expected around these levels," said Rakesh Gandhi, Sr Technical Analyst of LKP Securities Ltd.
"However, medium term trend can get weak only if the Nifty falls below 5000 level in this week otherwise the momentum remains intact and we could see some mid-cap stocks gaining momentum," added Rakesh.
The BSE benchmark index Sensex has rallied over 11 per cent this month on the back of hectic buying from foreign institutional investors.
The 50-share Nifty index is now trading near its very crucial resistance zone of 5200-5250 and hence profit booking is likely to emerge in the near term. The 50-share Nifty index is trading near its trend-line resistance level and is also near 200 DMA.
"We expect Nifty to consolidate in the 4900-5250 zone in the near term. The support levels are 5140, 5050 and 4960. On the upside, a move beyond 5260 is likely to reverse the downtrend in Nifty and in that case, the resistance levels would be 5320, 5400 and 5550," said Vinit Pagaria, VP - Investment Strategies, Microsec Capital Ltd
"Profit booking may emerge in stocks like DLF, HDFC, PNB, BHEL, Jaiprakash Associates and State Bank of India while Information Technology stocks like Infosys and TCS appear strong," added Vinit.
Asian shares edged lower on Monday as markets cautiously tuned in to a likely debt swap deal for Greece which might help the debt laden country to avoid default.
"At the summit, EU leaders will sign off on a permanent rescue fund for the euro zone and are expected to agree on a balanced budget rule in national legislation," according to a Reuters report.
The debt swap agreement would not be reached in time for the European Union summit meeting later on Monday.
At 08:00 AM, Nifty India stock futures in Singapore were down 36 points at 5,177.50, indicating a negative opening in the domestic market.
Important Results to watch out for:
Allahabad Bank, Balrampur Chini Mills Ltd, Glenmark Pharmaceuticals Ltd, Havells India Ltd, Indian Bank, Noida Toll Bridge Company Ltd, PVR Ltd, United Phosphorous Ltd and United Textiles Ltd.
Stocks in news:
IT stocks will be in focus after the NASSCOM said in a report that Indian technology companies are likely to forecast a slowdown in software exports in 2012-13, as corporations keep a wary eye on the global economic uncertainty.
NMDC will be in focus after the Ministry of Environment and Forests (MoEF) has rejected clearance to one of the iron-ore mines of the state owned company in Bailadila district, Chhattisgarh.
NTPC after the state owned company signed a USD 1.5 billion deal with Bangladesh to build a 1,320 MW coal-fired power plant, the country's biggest, to help ease acute power shortages.
The Sensex gained 0.92 percent or 156.80 points on Friday to close at 17,233.98 points, the highest level in almost 10 weeks.
According to analysts, Indian markets may witness some corrections this week with investors booking profits in the wake of a substantial gain of 1,716.06 points registered so far this month.
"Long term patterns on the charts suggest that 5250 on the Nifty and 17300 for the Sensex look extremely challenging and some profit booking is expected around these levels," said Rakesh Gandhi, Sr Technical Analyst of LKP Securities Ltd.
"However, medium term trend can get weak only if the Nifty falls below 5000 level in this week otherwise the momentum remains intact and we could see some mid-cap stocks gaining momentum," added Rakesh.
The BSE benchmark index Sensex has rallied over 11 per cent this month on the back of hectic buying from foreign institutional investors.
The 50-share Nifty index is now trading near its very crucial resistance zone of 5200-5250 and hence profit booking is likely to emerge in the near term. The 50-share Nifty index is trading near its trend-line resistance level and is also near 200 DMA.
"We expect Nifty to consolidate in the 4900-5250 zone in the near term. The support levels are 5140, 5050 and 4960. On the upside, a move beyond 5260 is likely to reverse the downtrend in Nifty and in that case, the resistance levels would be 5320, 5400 and 5550," said Vinit Pagaria, VP - Investment Strategies, Microsec Capital Ltd
"Profit booking may emerge in stocks like DLF, HDFC, PNB, BHEL, Jaiprakash Associates and State Bank of India while Information Technology stocks like Infosys and TCS appear strong," added Vinit.
Asian shares edged lower on Monday as markets cautiously tuned in to a likely debt swap deal for Greece which might help the debt laden country to avoid default.
"At the summit, EU leaders will sign off on a permanent rescue fund for the euro zone and are expected to agree on a balanced budget rule in national legislation," according to a Reuters report.
The debt swap agreement would not be reached in time for the European Union summit meeting later on Monday.
At 08:00 AM, Nifty India stock futures in Singapore were down 36 points at 5,177.50, indicating a negative opening in the domestic market.
Important Results to watch out for:
Allahabad Bank, Balrampur Chini Mills Ltd, Glenmark Pharmaceuticals Ltd, Havells India Ltd, Indian Bank, Noida Toll Bridge Company Ltd, PVR Ltd, United Phosphorous Ltd and United Textiles Ltd.
Stocks in news:
IT stocks will be in focus after the NASSCOM said in a report that Indian technology companies are likely to forecast a slowdown in software exports in 2012-13, as corporations keep a wary eye on the global economic uncertainty.
NMDC will be in focus after the Ministry of Environment and Forests (MoEF) has rejected clearance to one of the iron-ore mines of the state owned company in Bailadila district, Chhattisgarh.
NTPC after the state owned company signed a USD 1.5 billion deal with Bangladesh to build a 1,320 MW coal-fired power plant, the country's biggest, to help ease acute power shortages.
Reliance Industries (RIL) stock prices down january 23 2012
Indonesia stock info - Reliance Industries (RIL) stock prices down january 23 2012 ; Reliance Industries (RIL) Ltd., India’s biggest company by market value, sank 2.9 percent in Mumbai after earnings dropped for the first time in two years.
Reliance Industries slipped 2.9 percent to 769.85 rupees in Mumbai after the owner of the world’s biggest oil refining complex said third-quarter net income declined 14 percent from a year earlier to to 44.4 billion rupees ($884 million). That missed the 45.6 billion rupee median estimate of 29 analysts surveyed by Bloomberg.
Reliance Industries slipped 2.9 percent to 769.85 rupees in Mumbai after the owner of the world’s biggest oil refining complex said third-quarter net income declined 14 percent from a year earlier to to 44.4 billion rupees ($884 million). That missed the 45.6 billion rupee median estimate of 29 analysts surveyed by Bloomberg.
indian stock Markets forecast january 23-27 2012
Indonesia stock info - indian stock Markets forecast january 23-27 2012 ; Asian stocks swung between gains and losses as increasing home sales in the U.S. added to signs the world’s biggest economy is recovering, outweighing uncertainties over continuing debt negotiations in Greece.
Canon Inc. (7751), the Japanese camera maker that gets a third of its sales from Europe, fell 1 percent in Tokyo. Reliance Industries (RIL) Ltd., India’s biggest company by market value, sank 2.9 percent in Mumbai after earnings dropped for the first time in two years. Olympus Corp. (7733), the world’s No. 1 maker of endoscopes, jumped 8.2 percent after it was allowed to keep its stock market listing following an accounting fraud that cut the company’s market value by about $4 billion.
“The market could come under short-term pressure as it’s had a strong run this year,” said Nader Naeimi, a Sydney-based senior strategist at AMP Capital Investors Ltd., which manages almost $100 billion. “Any weakness is a good buying opportunity given improving economic data out of the U.S. Greece can go hot and cold very quickly. Greece defaulting is still a possibility.”
The MSCI Asia Pacific Index (MXAP) rose 0.1 percent to 120.83 as as of 1:55 p.m. in Tokyo, having swung between gains and losses at least seven times. About the same number of shares rose and fell in the measure. The gauge completed its longest streak of weekly gains last week in a year as U.S. reports showed the world’s biggest economy is recovering and falling European borrowing costs signaled the debt crisis may be easing.
Japan’s Nikkei 225 Stock Average gained 0.1 percent, reversing losses of as much as 0.3 percent. India’s BSE Sensitive Index added 0.1 percent. Australia’s S&P/ASX 200 Index lost 0.3 percent. Markets in China, Hong Kong, Indonesia, Malaysia, Philippines, South Korea, Singapore and Taiwan are closed today for holidays.
Canon Inc. (7751), the Japanese camera maker that gets a third of its sales from Europe, fell 1 percent in Tokyo. Reliance Industries (RIL) Ltd., India’s biggest company by market value, sank 2.9 percent in Mumbai after earnings dropped for the first time in two years. Olympus Corp. (7733), the world’s No. 1 maker of endoscopes, jumped 8.2 percent after it was allowed to keep its stock market listing following an accounting fraud that cut the company’s market value by about $4 billion.
“The market could come under short-term pressure as it’s had a strong run this year,” said Nader Naeimi, a Sydney-based senior strategist at AMP Capital Investors Ltd., which manages almost $100 billion. “Any weakness is a good buying opportunity given improving economic data out of the U.S. Greece can go hot and cold very quickly. Greece defaulting is still a possibility.”
The MSCI Asia Pacific Index (MXAP) rose 0.1 percent to 120.83 as as of 1:55 p.m. in Tokyo, having swung between gains and losses at least seven times. About the same number of shares rose and fell in the measure. The gauge completed its longest streak of weekly gains last week in a year as U.S. reports showed the world’s biggest economy is recovering and falling European borrowing costs signaled the debt crisis may be easing.
Japan’s Nikkei 225 Stock Average gained 0.1 percent, reversing losses of as much as 0.3 percent. India’s BSE Sensitive Index added 0.1 percent. Australia’s S&P/ASX 200 Index lost 0.3 percent. Markets in China, Hong Kong, Indonesia, Malaysia, Philippines, South Korea, Singapore and Taiwan are closed today for holidays.
Indian stock market january 17 2012
Indonesia stock info - Indian stock market january 17 2012 ; The 50-share Nifty index is expected to open soft on Tuesday tracking muted Asian markets while investors will keep a close eye on shares of TCS and HCL Technologies ahead of their quarterly results due later today.
The Nifty ended a choppy session in the positive terrain on Monday led by gains in capital goods, technology and auto stocks. According to dealers, the decline in WPI inflation to two-year low at 7.47 per cent against 9.11 per cent a year ago helped the markets bounce back on hopes of some kind of monetary easing by the Reserve Bank of India at its policy meet this month.
Investors will keep a close eye on shares of Tata Consultancy Services and HCL Technologies which are set to declare their quarterly earning numbers later today. The software exporters are expected to report a bump in margins, aided by a weak rupee, while eking out revenue growth to meet expectations in an uncertain business environment.
Overnight, US Stocks were closed on Monday for the Martin Luthar King Jr. Day holiday.
European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week by rating agency.
Rating agency Standard & Poor's also slashed its rating of the European Financial Stability Facility, the euro zone's rescue fund, by one notch to AA+ on Monday.
Asian shares inched higher and the euro stayed above a 17-month trough on Tuesday as much awaited economic data from China came at 9.2% and firm demand in France's treasury bill auction eased concerns the euro zone crisis.
The world's second largest economy grew by 9.2 percent last year as compared to consensus estimates of 9%, clocking a slower pace than in 2010, as efforts to tame inflation and turbulence in Europe and the United States curbed business activity.
Gross domestic product in China, rose by 8.9 percent in the fourth quarter, the National Bureau of Statistics (NBS) said, but still exceeding analyst expectations.
Japan's Nikkei 225 index was trading 0.8% higher at 8,450.56 and Hong Kong 's Hang Seng index was trading higher at 19,311.12, up 1.5%. South Korea's Kospi index was trading 1.6% higher at 1890.59. China 's Shanghai index was trading at 2204.47, down 0.08%.
At 08:00 AM, Nifty India stock futures in Singapore were down 1 point at 4,894.50, indicating a soft opening in the domestic market.
Important Results for today are:
HCL Technologies Ltd, Tata Consultancy Service Ltd, Chambal Fertilisers & Chemicals Ltd, VST Industries Ltd and Zee News Ltd.
Stocks in news:
Tata Motors Ltd after the global vehicle whole sales rose an annual 27 percent in December, the company said in a statement on Monday, driven by strong sales of its passenger cars and luxury Jaguar Land Rover vehicles.
GAIL Ltd after the state-run company is in talks to buy liquefied natural gas (LNG) from suppliers, including Macquarie Energy, which has a share in the U.S.-based Freeport LNG project.
Aviation stocks will be in focus on reports that a group of ministers will consider a proposal on Tuesday to allow foreign airlines to buy into domestic carriers. Recently, a group of secretaries had recommended allowing foreign carriers to buy up to 49% stake in Indian airlines. Source http://www.moneycontrol.com/news/commodities/gold-holds-gains-after-french-debt-auction-greecefocus_652149.html
The Nifty ended a choppy session in the positive terrain on Monday led by gains in capital goods, technology and auto stocks. According to dealers, the decline in WPI inflation to two-year low at 7.47 per cent against 9.11 per cent a year ago helped the markets bounce back on hopes of some kind of monetary easing by the Reserve Bank of India at its policy meet this month.
Investors will keep a close eye on shares of Tata Consultancy Services and HCL Technologies which are set to declare their quarterly earning numbers later today. The software exporters are expected to report a bump in margins, aided by a weak rupee, while eking out revenue growth to meet expectations in an uncertain business environment.
Overnight, US Stocks were closed on Monday for the Martin Luthar King Jr. Day holiday.
European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week by rating agency.
Rating agency Standard & Poor's also slashed its rating of the European Financial Stability Facility, the euro zone's rescue fund, by one notch to AA+ on Monday.
Asian shares inched higher and the euro stayed above a 17-month trough on Tuesday as much awaited economic data from China came at 9.2% and firm demand in France's treasury bill auction eased concerns the euro zone crisis.
The world's second largest economy grew by 9.2 percent last year as compared to consensus estimates of 9%, clocking a slower pace than in 2010, as efforts to tame inflation and turbulence in Europe and the United States curbed business activity.
Gross domestic product in China, rose by 8.9 percent in the fourth quarter, the National Bureau of Statistics (NBS) said, but still exceeding analyst expectations.
Japan's Nikkei 225 index was trading 0.8% higher at 8,450.56 and Hong Kong 's Hang Seng index was trading higher at 19,311.12, up 1.5%. South Korea's Kospi index was trading 1.6% higher at 1890.59. China 's Shanghai index was trading at 2204.47, down 0.08%.
At 08:00 AM, Nifty India stock futures in Singapore were down 1 point at 4,894.50, indicating a soft opening in the domestic market.
Important Results for today are:
HCL Technologies Ltd, Tata Consultancy Service Ltd, Chambal Fertilisers & Chemicals Ltd, VST Industries Ltd and Zee News Ltd.
Stocks in news:
Tata Motors Ltd after the global vehicle whole sales rose an annual 27 percent in December, the company said in a statement on Monday, driven by strong sales of its passenger cars and luxury Jaguar Land Rover vehicles.
GAIL Ltd after the state-run company is in talks to buy liquefied natural gas (LNG) from suppliers, including Macquarie Energy, which has a share in the U.S.-based Freeport LNG project.
Aviation stocks will be in focus on reports that a group of ministers will consider a proposal on Tuesday to allow foreign airlines to buy into domestic carriers. Recently, a group of secretaries had recommended allowing foreign carriers to buy up to 49% stake in Indian airlines. Source http://www.moneycontrol.com/news/commodities/gold-holds-gains-after-french-debt-auction-greecefocus_652149.html
state bank of india SBI stock price predictions 2012
Indonesia stock info - state bank of india SBI stock price predictions 2012 ; The SBI stock has been on a downhill after it reported poor financial performance and a rise in non-performing assets in April-June and July-September quarters. Fear of a further rise in NPA due to several investments such as those in Kingfisher Airlines turning bad assets spooked the stock even in the October-December quarter.
Many analysts are still bullish on SBI and have buy recommendations. Anita Gandhi, director and head of institutional business at Arihant Capital Markets, said: “Being the largest portfolio investor, LIC needs to buy shares of the largest PSU bank at very low price. Also, whatever be the short-term worries on the stock, its long-term outlook remains bullish.”
When FIIs were selling SBI, some support was required for the largest bank by a platform, said another broker. After its December low, the stock has bounced back by almost Rs 190 to Rs 1,760 as per Thursday’s close on BSE.http://www.blogger.com/img/blank.gif
Mehrotra said: “Last year, our total investment (in government securities, bonds, equity, infrastructure and other approved asset classes) was around Rs 1,92,000 crore. We will be able to maintain the same this year too, despite the slowdown. As of December 2011, our total investments stood at over Rs 1,25,000 crore.”
Of this, Rs 90,000 crore has been invested in debt instruments with a large chu-nk of it going into government securities, he said. “Our traditional business is now 70 per cent while the remaining 30 per cent com-es from Ulips compared with 55:45 earlier,” he said. source http://www.mydigitalfc.com/news/lic-hikes-stake-sbi-highest-ever-013
Many analysts are still bullish on SBI and have buy recommendations. Anita Gandhi, director and head of institutional business at Arihant Capital Markets, said: “Being the largest portfolio investor, LIC needs to buy shares of the largest PSU bank at very low price. Also, whatever be the short-term worries on the stock, its long-term outlook remains bullish.”
When FIIs were selling SBI, some support was required for the largest bank by a platform, said another broker. After its December low, the stock has bounced back by almost Rs 190 to Rs 1,760 as per Thursday’s close on BSE.http://www.blogger.com/img/blank.gif
Mehrotra said: “Last year, our total investment (in government securities, bonds, equity, infrastructure and other approved asset classes) was around Rs 1,92,000 crore. We will be able to maintain the same this year too, despite the slowdown. As of December 2011, our total investments stood at over Rs 1,25,000 crore.”
Of this, Rs 90,000 crore has been invested in debt instruments with a large chu-nk of it going into government securities, he said. “Our traditional business is now 70 per cent while the remaining 30 per cent com-es from Ulips compared with 55:45 earlier,” he said. source http://www.mydigitalfc.com/news/lic-hikes-stake-sbi-highest-ever-013
LIC buying shares of State Bank India
Indonesia stock info ; why LIC buying shares of State Bank India ; Insurance major Life Insurance Corporation (LIC) splurged on buying shares of State Bank of India when its share price dipped to lowest levels in 52 weeks during the October-December quarter. Acting chairman DK Mehrotra on Thursday said LIC’s investment in capital markets during this financial year would be the same as last financial year.
As per the shareholding data sent to stock exchanges, LIC raised its shareholding in SBI by 5.40 per cent to 12.76 per cent in the December quarter.
The 5.40 per cent stake implies an investment of more than Rs 5,000 crore at last quarter's average price of the stock. LIC’s current holding in SBI is highest ever over the past five years. The SBI stock is trading more than 50 per cent down from its high of Rs 3,500 hit at the end of 2010.
As per the shareholding data sent to stock exchanges, LIC raised its shareholding in SBI by 5.40 per cent to 12.76 per cent in the December quarter.
The 5.40 per cent stake implies an investment of more than Rs 5,000 crore at last quarter's average price of the stock. LIC’s current holding in SBI is highest ever over the past five years. The SBI stock is trading more than 50 per cent down from its high of Rs 3,500 hit at the end of 2010.
Infosys stock prices prediction 2012
Indonesia stock info - Infosys stock prices prediction 2012 ; Indian IT giant Infosys on Thursday posted a 33 per cent rise in its quarterly profit, but warned of a slowdown and weak client spending due to global uncertainty and the European debt crisis.
Shares in the group fell more than 8 per cent as investors overlooked buoyant profits to focus on the outlook given by India’s second-biggest IT outsourcing firm, which is dependent on demand in the US and Europe
The announcement of a cut in revenue outlook saw Infosys shares falling as much as 8.77 per cent to an intraday low of Rs2,578 on the Bombay Stock Exchange after earnings were announced. read more..
Shares in the group fell more than 8 per cent as investors overlooked buoyant profits to focus on the outlook given by India’s second-biggest IT outsourcing firm, which is dependent on demand in the US and Europe
The announcement of a cut in revenue outlook saw Infosys shares falling as much as 8.77 per cent to an intraday low of Rs2,578 on the Bombay Stock Exchange after earnings were announced. read more..
best stock for long term investment india 2012
Indonesia stock info - best stock for long term investment india 2012 ; Short-term volatility can test an investor's mettle. But if you get in during a boom cycle, like copper and iron ore are in today, you can win big. Here's how.
The sky's the limit. The sky is falling. In the short term, that pretty much describes the behavior of commodity stocks.
And it's all too easy to get caught up on the drama of those short-term moves, because the possible profits, if you can outguess the market, are all too tempting. (I know because I get caught up in it myself.)
But for most of us who aren't blessed with market-beating 20/20 foresight, playing the short-term volatility of commodity stocks isn't the best way to make money in this sector.
Permalink: [620] Top Stocks To Buy - Best Long Term Profit Stocks For 2012
For most of us most of the time, the long-term swings between scarce supply (sending prices up, up, up) and scarce demand (sending prices down, down, down), which can last for years and years, are the best sources of profits.
And right now, the long-term pattern says we're in an upswing that has at least two more years to run before we see a significant downside challenge.
Why do I think that? Supply and demand tell me so. I'm going to end this post with my take on the supply/demand picture for several important industrial commodities. But first, let me try to put the current short-term volatility in some context.
Why a Short-Term View Is So Appealing
The potential rewards in the short term are what get our attention. Iron miner Vale, (NYSE: VALE) was up 42% from the August 2010 low to the January high. One-stock commodity portfolio BHP Billiton, (NYSE: BHP) was up 44% from the August low to the February high. Molybdenum and copper miner Thompson Creek Metals (NYSE: TC), was up 88% from the August low to its January high.
But the volatility? Who can stand the drops? Look at just one stock, Freeport McMoRan Copper & Gold (NYSE: FCX).
On Jan. 11, shares had rallied to $60.90. Two weeks later, on Jan. 25, the stock had dropped 12.6% to $53.22.
On Nov. 11, 2010, it traded at $54.01. On Nov. 17, it was $48.42. That's a 10.3% drop in just six days.
But by Nov. 11, the stock had soared 62% from its Aug. 25, 2010, low of $33.33.
Just in case this volatility wasn't enough to make you insane, hovering over all of these moves is the memory of the great commodity rally of 2007, when Freeport McMoRan climbed 86%, and the great commodity collapse of 2008, when the stock dropped 74%. And the volatility in 2008 was even more severe than that if you look at just the last six months of the year. Freeport McMoRan fell from $61.65 on June 13, 2008, to $9.03 on Dec. 3.
If this kind of short-term volatility is what you focus on, you're paying attention to the wrong time frame. You need to be investing on a scale of years, not weeks or months.
Look at oil, for example. In 1980, the average US price of oil was $37.42 a barrel. In 1998, oil sold for an average of $11.91 a barrel. That's 18 years of solid losses in oil stocks and other shares that depended on the commodity.
But 1998 marked the bottom. By 2004, the average price per barrel hit $37.66, the same as it had been in 1980, on its way to a peak near $150 in 2008.
With oil demand sagging because of the world economic crisis, oil fell back to the $30s, where it had been in 1980 and 2004. It then began a climb back to a price near $100 a barrel, as demand recovered along with the global economy and the crisis in Egypt drove up fears of a disruption to global supply.
The long-term pattern for many other commodities looks similar. Copper on the London Metal Exchange, for example, sold for $2,710 a metric ton in 1990, $3,050 a metric ton in 1995, and $1,730 a ton in 1998. It then began a slow, steady climb to $1,880 a ton in 2003 and to $2,950 in 2004 before rocketing up to its current price. Last week, copper hit an all-time record price of $9,955 a ton.
But we're not living in an age when all industrial commodities climb inexorably higher. The big counterexample is natural gas. In January 2002, natural gas sold for $2.50 per 1,000 cubic feet in the United States. It then moved up to $4.43 in 2003, and to $8.01 in 2006.
Since then, though, the price of natural gas has been in what began as a slow decline (to $7.38 in January 2008), then turned into a rout (to $4.60 in January 2009), and now has become a lasting depression. Natural gas traded at $5.14 per thousand cubic feet in January 2010, raising hopes that the economic recovery was about to lift prices permanently. But then it fell—and fell and fell—until it hit $3.34 in December 2010.
So what's a commodity investor to do?
Best Long Term Profit Stocks For 2012: Profit from These Three Principles
Here are my core tenets for commodity investing:
1) Find a Commodity That Is in a Multi-Year Boom
Or, rephrased, find one that is currently behaving like copper and not like natural gas. I don't mean the obvious profits you'd see this year as copper climbs to a record high, while natural gas mopes along the bottom. I want you to think about the longer-term benefit of investing in a commodity that's riding the boom end of a cycle. If you buy and hold, you may suffer a painful 15% loss in a few days, but as long as the commodity cycle that underlies your commodity stock is in a long-term uptrend, this kind of volatility is survivable.
Buying in during a long-term boom cycle can save you from the worst effects of truly terrible timing. Seeing a stock drop from $61.65 to $9.03 in six months is the kind of excruciating loss that can devastate a portfolio if you then sell at the bottom. But Freeport McMoRan didn't just fall from $61.65 to $9.03 in six months; it rebounded to $29.48 by June 2009, then hit $43.66 by January 2010 on its way to $56.76 at the Feb. 4, 2011, close. You could have had the terrible bad luck to buy at the $61.65 top in June 2008, but if you held on, two and a half years later, you'd be looking at a loss of less than 10%.
I'm not recommending this as an investment strategy, mind you. Spending 30 months to get back to within 10% of the money you started with is still a loss—of both money and time. But it's not the worst thing that can happen to a commodity, or an investor.
2) Understand What's Driving the Commodity Cycle
Let's go back to our friends copper and natural gas. We've already established that, given a choice, you'd much rather own the copper cycle than the natural gas cycle—at least right now. What's the difference between the two cycles at the moment? Sure, one is up and the other is down, but there's more to the difference than that.
The US natural gas industry is currently in the midst of a huge expansion of supply from unconventional sources. The rest of the global industry is following that same path, using technologies pioneered in the United States. The world is, therefore, looking at a big increase in natural gas supply that's likely to run for years. That doesn't necessarily mean that the price of natural gas is headed down, but it does mean that any price increase is dependent solely on an increase in demand—in this case, an increase in demand large enough to outpace the increase in supply.
Contrast that with copper. It's not that copper miners aren't trying to increase supply; it's that they're having a hard time doing it. For example, in the Jan. 20 guidance for 2011 that went along with the release of its 2010 financial report, Freeport McMoRan said that 2011 copper and gold sales would be slightly below earlier forecasts because of a drop in the grade of ores being mined at its Grasberg mine.
This problem—lower-quality ores that require a mining company to move more earth to get the same amount of copper—isn't limited to Freeport McMoRan. Companies across the copper-mining industry face the same conditions. Rio Tinto (NYSE: RIO), for example, recently announced that it had mined 16% less copper in 2010 than in 2009. Copper, unlike natural gas, has both rising demand and constrained supply working in its favor.
3) Make Sure You Can Really Tell Where Supply Is Heading
If you want to own the coppers of the commodity world and not the natural gases, then you should value—really value—supply transparency.
Oil, I'd argue, has very low supply transparency. For instance, we have no more than educated guesses about the condition of the big oil reserves in Saudi Arabia. How badly, if at all, have they been damaged by production techniques over the last decade or so? We know very little about how hard it will be to increase production from the oil fields of Iraq, or how much more damage Venezuela will do to its oil industry, or what kind of environmental restrictions Canada will impose on its oil sands industry.
Contrast that with copper, where the big uncertainties are geopolitical and the possible deviations from consensus outcomes in unstable countries like the Democratic Republic of the Congo would reduce supply, rather than expand it. I'd put iron ore, coal, and potash fertilizer in the transparency-of-supply group, along with copper. I'd put oil, natural gas, and aluminum in the less-transparent supply group.
What to Buy Now? Best Long Term Profit Stocks For 2012 Here
My three basic tenets translate now into a rough hierarchy of commodities, and a few stocks to consider at each level.
At the top of the heap, I'd put copper. It's hard to increase supply, demand is increasing with global growth, and supply is relatively transparent. My three favorite stocks in this commodity are Freeport McMoRan Copper & Gold (NYSE: FCX), Thompson Creek Metals (NYSE: TC), and Southern Copper (NYSE: SCCO).
* For more on Freeport McMoRan, see this post
* For more on Thompson Creek and its transformation from a molybdenum miner to a molybdenum and copper miner, see this post
Next I'd put iron ore. Iron doesn't have quite the same supply problems as copper, but India has been reporting what seem to be significant (perhaps only temporary) supply disruptions. Meanwhile, global demand for iron is growing even faster than it is for copper. My favorite stock in this industry is Vale (NYSE: VALE). It gets the nod over BHP Billiton in my book because it has more concentration in iron than its Australian rival does.
I've got a positive rating on both coal and potash fertilizer, but they sit a step below copper and iron on my list because they don't have the supply problems of copper or even iron ore. It looks like the world has plenty of coal in accessible deposits to meet soaring demand. In potash, Potash of Saskatchewan, (NYSE: POT) still has idle capacity that it can bring into production when demand and price justify it.
In these two sectors, I'd favor the Australian coal producers BHP Billiton (NYSE: BHP), Macarthur Coal, OTC: MACDY), and Whitehaven Coal (OTC: WHITF), because of their proximity to the big coal markets of India and China (for more on Australia's coal miners and the recent floods there, see this post). In the potash sector, I think the most interesting pick is Vale, which is making a big, government-favored push into the fertilizer market in Brazil.
Best Long Term Profit Stocks For 2012: Two Risks to Keep in Mind
Investors face two big bumps with commodity stocks in these sectors. The first is the fear, likely to send the market into repeated swoons in the first half of 2011, that growth will slow in China. (I've suggested cutting back exposure to copper stocks for the first few months of 2011 for investors who want to reduce their exposure to a China slowdown. So far that sector retreat has failed to materialize.)
The second risk, and I think this is a factor for 2012 or so, is the amount of new mining capacity set to come on line from 2013 to 2015 in just about every mining sector. The fear is that this new capacity could send prices down. But I think the reality is that, at least for my two top-rated commodities, copper and iron, the addition to supply won't be enough to keep up with demand.
The global supply deficit in copper will reach 822,000 metric tons in 2011, according to Barclays Capital. That's a lot of supply to make up even when the copper industry is projecting a record amount of capital investment in 2011.
At the time of publication, Jim Jubak did not own shares of any of the companies mentioned in this column in his personal portfolio. The mutual fund he manages, Jubak Global Equity Fund (JUBAX), may or may not own positions in any stock mentioned in this post. The fund did own shares of BHP Billiton, Freeport McMoRan, Macarthur Coal, Southern Copper, Thompson Creek, Vale, and Whitehaven Coal as of the end of December. source webmasterworld-money.blogspot.com
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The sky's the limit. The sky is falling. In the short term, that pretty much describes the behavior of commodity stocks.
And it's all too easy to get caught up on the drama of those short-term moves, because the possible profits, if you can outguess the market, are all too tempting. (I know because I get caught up in it myself.)
But for most of us who aren't blessed with market-beating 20/20 foresight, playing the short-term volatility of commodity stocks isn't the best way to make money in this sector.
Permalink: [620] Top Stocks To Buy - Best Long Term Profit Stocks For 2012
For most of us most of the time, the long-term swings between scarce supply (sending prices up, up, up) and scarce demand (sending prices down, down, down), which can last for years and years, are the best sources of profits.
And right now, the long-term pattern says we're in an upswing that has at least two more years to run before we see a significant downside challenge.
Why do I think that? Supply and demand tell me so. I'm going to end this post with my take on the supply/demand picture for several important industrial commodities. But first, let me try to put the current short-term volatility in some context.
Why a Short-Term View Is So Appealing
The potential rewards in the short term are what get our attention. Iron miner Vale, (NYSE: VALE) was up 42% from the August 2010 low to the January high. One-stock commodity portfolio BHP Billiton, (NYSE: BHP) was up 44% from the August low to the February high. Molybdenum and copper miner Thompson Creek Metals (NYSE: TC), was up 88% from the August low to its January high.
But the volatility? Who can stand the drops? Look at just one stock, Freeport McMoRan Copper & Gold (NYSE: FCX).
On Jan. 11, shares had rallied to $60.90. Two weeks later, on Jan. 25, the stock had dropped 12.6% to $53.22.
On Nov. 11, 2010, it traded at $54.01. On Nov. 17, it was $48.42. That's a 10.3% drop in just six days.
But by Nov. 11, the stock had soared 62% from its Aug. 25, 2010, low of $33.33.
Just in case this volatility wasn't enough to make you insane, hovering over all of these moves is the memory of the great commodity rally of 2007, when Freeport McMoRan climbed 86%, and the great commodity collapse of 2008, when the stock dropped 74%. And the volatility in 2008 was even more severe than that if you look at just the last six months of the year. Freeport McMoRan fell from $61.65 on June 13, 2008, to $9.03 on Dec. 3.
If this kind of short-term volatility is what you focus on, you're paying attention to the wrong time frame. You need to be investing on a scale of years, not weeks or months.
Look at oil, for example. In 1980, the average US price of oil was $37.42 a barrel. In 1998, oil sold for an average of $11.91 a barrel. That's 18 years of solid losses in oil stocks and other shares that depended on the commodity.
But 1998 marked the bottom. By 2004, the average price per barrel hit $37.66, the same as it had been in 1980, on its way to a peak near $150 in 2008.
With oil demand sagging because of the world economic crisis, oil fell back to the $30s, where it had been in 1980 and 2004. It then began a climb back to a price near $100 a barrel, as demand recovered along with the global economy and the crisis in Egypt drove up fears of a disruption to global supply.
The long-term pattern for many other commodities looks similar. Copper on the London Metal Exchange, for example, sold for $2,710 a metric ton in 1990, $3,050 a metric ton in 1995, and $1,730 a ton in 1998. It then began a slow, steady climb to $1,880 a ton in 2003 and to $2,950 in 2004 before rocketing up to its current price. Last week, copper hit an all-time record price of $9,955 a ton.
But we're not living in an age when all industrial commodities climb inexorably higher. The big counterexample is natural gas. In January 2002, natural gas sold for $2.50 per 1,000 cubic feet in the United States. It then moved up to $4.43 in 2003, and to $8.01 in 2006.
Since then, though, the price of natural gas has been in what began as a slow decline (to $7.38 in January 2008), then turned into a rout (to $4.60 in January 2009), and now has become a lasting depression. Natural gas traded at $5.14 per thousand cubic feet in January 2010, raising hopes that the economic recovery was about to lift prices permanently. But then it fell—and fell and fell—until it hit $3.34 in December 2010.
So what's a commodity investor to do?
Best Long Term Profit Stocks For 2012: Profit from These Three Principles
Here are my core tenets for commodity investing:
1) Find a Commodity That Is in a Multi-Year Boom
Or, rephrased, find one that is currently behaving like copper and not like natural gas. I don't mean the obvious profits you'd see this year as copper climbs to a record high, while natural gas mopes along the bottom. I want you to think about the longer-term benefit of investing in a commodity that's riding the boom end of a cycle. If you buy and hold, you may suffer a painful 15% loss in a few days, but as long as the commodity cycle that underlies your commodity stock is in a long-term uptrend, this kind of volatility is survivable.
Buying in during a long-term boom cycle can save you from the worst effects of truly terrible timing. Seeing a stock drop from $61.65 to $9.03 in six months is the kind of excruciating loss that can devastate a portfolio if you then sell at the bottom. But Freeport McMoRan didn't just fall from $61.65 to $9.03 in six months; it rebounded to $29.48 by June 2009, then hit $43.66 by January 2010 on its way to $56.76 at the Feb. 4, 2011, close. You could have had the terrible bad luck to buy at the $61.65 top in June 2008, but if you held on, two and a half years later, you'd be looking at a loss of less than 10%.
I'm not recommending this as an investment strategy, mind you. Spending 30 months to get back to within 10% of the money you started with is still a loss—of both money and time. But it's not the worst thing that can happen to a commodity, or an investor.
2) Understand What's Driving the Commodity Cycle
Let's go back to our friends copper and natural gas. We've already established that, given a choice, you'd much rather own the copper cycle than the natural gas cycle—at least right now. What's the difference between the two cycles at the moment? Sure, one is up and the other is down, but there's more to the difference than that.
The US natural gas industry is currently in the midst of a huge expansion of supply from unconventional sources. The rest of the global industry is following that same path, using technologies pioneered in the United States. The world is, therefore, looking at a big increase in natural gas supply that's likely to run for years. That doesn't necessarily mean that the price of natural gas is headed down, but it does mean that any price increase is dependent solely on an increase in demand—in this case, an increase in demand large enough to outpace the increase in supply.
Contrast that with copper. It's not that copper miners aren't trying to increase supply; it's that they're having a hard time doing it. For example, in the Jan. 20 guidance for 2011 that went along with the release of its 2010 financial report, Freeport McMoRan said that 2011 copper and gold sales would be slightly below earlier forecasts because of a drop in the grade of ores being mined at its Grasberg mine.
This problem—lower-quality ores that require a mining company to move more earth to get the same amount of copper—isn't limited to Freeport McMoRan. Companies across the copper-mining industry face the same conditions. Rio Tinto (NYSE: RIO), for example, recently announced that it had mined 16% less copper in 2010 than in 2009. Copper, unlike natural gas, has both rising demand and constrained supply working in its favor.
3) Make Sure You Can Really Tell Where Supply Is Heading
If you want to own the coppers of the commodity world and not the natural gases, then you should value—really value—supply transparency.
Oil, I'd argue, has very low supply transparency. For instance, we have no more than educated guesses about the condition of the big oil reserves in Saudi Arabia. How badly, if at all, have they been damaged by production techniques over the last decade or so? We know very little about how hard it will be to increase production from the oil fields of Iraq, or how much more damage Venezuela will do to its oil industry, or what kind of environmental restrictions Canada will impose on its oil sands industry.
Contrast that with copper, where the big uncertainties are geopolitical and the possible deviations from consensus outcomes in unstable countries like the Democratic Republic of the Congo would reduce supply, rather than expand it. I'd put iron ore, coal, and potash fertilizer in the transparency-of-supply group, along with copper. I'd put oil, natural gas, and aluminum in the less-transparent supply group.
What to Buy Now? Best Long Term Profit Stocks For 2012 Here
My three basic tenets translate now into a rough hierarchy of commodities, and a few stocks to consider at each level.
At the top of the heap, I'd put copper. It's hard to increase supply, demand is increasing with global growth, and supply is relatively transparent. My three favorite stocks in this commodity are Freeport McMoRan Copper & Gold (NYSE: FCX), Thompson Creek Metals (NYSE: TC), and Southern Copper (NYSE: SCCO).
* For more on Freeport McMoRan, see this post
* For more on Thompson Creek and its transformation from a molybdenum miner to a molybdenum and copper miner, see this post
Next I'd put iron ore. Iron doesn't have quite the same supply problems as copper, but India has been reporting what seem to be significant (perhaps only temporary) supply disruptions. Meanwhile, global demand for iron is growing even faster than it is for copper. My favorite stock in this industry is Vale (NYSE: VALE). It gets the nod over BHP Billiton in my book because it has more concentration in iron than its Australian rival does.
I've got a positive rating on both coal and potash fertilizer, but they sit a step below copper and iron on my list because they don't have the supply problems of copper or even iron ore. It looks like the world has plenty of coal in accessible deposits to meet soaring demand. In potash, Potash of Saskatchewan, (NYSE: POT) still has idle capacity that it can bring into production when demand and price justify it.
In these two sectors, I'd favor the Australian coal producers BHP Billiton (NYSE: BHP), Macarthur Coal, OTC: MACDY), and Whitehaven Coal (OTC: WHITF), because of their proximity to the big coal markets of India and China (for more on Australia's coal miners and the recent floods there, see this post). In the potash sector, I think the most interesting pick is Vale, which is making a big, government-favored push into the fertilizer market in Brazil.
Best Long Term Profit Stocks For 2012: Two Risks to Keep in Mind
Investors face two big bumps with commodity stocks in these sectors. The first is the fear, likely to send the market into repeated swoons in the first half of 2011, that growth will slow in China. (I've suggested cutting back exposure to copper stocks for the first few months of 2011 for investors who want to reduce their exposure to a China slowdown. So far that sector retreat has failed to materialize.)
The second risk, and I think this is a factor for 2012 or so, is the amount of new mining capacity set to come on line from 2013 to 2015 in just about every mining sector. The fear is that this new capacity could send prices down. But I think the reality is that, at least for my two top-rated commodities, copper and iron, the addition to supply won't be enough to keep up with demand.
The global supply deficit in copper will reach 822,000 metric tons in 2011, according to Barclays Capital. That's a lot of supply to make up even when the copper industry is projecting a record amount of capital investment in 2011.
At the time of publication, Jim Jubak did not own shares of any of the companies mentioned in this column in his personal portfolio. The mutual fund he manages, Jubak Global Equity Fund (JUBAX), may or may not own positions in any stock mentioned in this post. The fund did own shares of BHP Billiton, Freeport McMoRan, Macarthur Coal, Southern Copper, Thompson Creek, Vale, and Whitehaven Coal as of the end of December. source webmasterworld-money.blogspot.com
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indian stock futures Nifty outlook jan 13 2012
Indonesia stock info - indian stock futures Nifty outlook jan 13 2012 ; The Nifty once again faced resistance around its medium-term moving average and ended on a soft note on Thursday. On the downside, the index is likely to see a mild correction up to 4,730-odd levels in the short-term, analysts say. At 720 a-m Indian Standard Time, the SGX Nifty was trading 0.2 per cent higher at 4,876 levels.
Among individual stocks, Development Credit Bank could be in focus after it reported 90 per cent jump in net profit to 15.6 crore for the third quarter of the 2011-12 fiscal.
The Income Tax department has conducted searches at the premises of Panacea Biotec for alleged evasion of taxes, reports suggest. This could see the stock come under some pressure.
Oil India could also be in limelight today on news that the company is in advanced talks to acquire an oil and gas producing asset in Africa.
The management of Thomas Cook, the UK-based travel and foreign exchange operator, has no plan to sell stake in its Indian arm, the latter clarified. Do watch out for Thomas Cook (India) in trade today. Also keep a tab on CMC and Sintex as they declare their respective December quarter results today.
Among individual stocks, Development Credit Bank could be in focus after it reported 90 per cent jump in net profit to 15.6 crore for the third quarter of the 2011-12 fiscal.
The Income Tax department has conducted searches at the premises of Panacea Biotec for alleged evasion of taxes, reports suggest. This could see the stock come under some pressure.
Oil India could also be in limelight today on news that the company is in advanced talks to acquire an oil and gas producing asset in Africa.
The management of Thomas Cook, the UK-based travel and foreign exchange operator, has no plan to sell stake in its Indian arm, the latter clarified. Do watch out for Thomas Cook (India) in trade today. Also keep a tab on CMC and Sintex as they declare their respective December quarter results today.
Infosys Ltd Stock forecast 2012
Indonesia stock info - Infosys Ltd Stock forecast 2012 ; Infosys Ltd., the nation’s second-biggest software maker, will report profit on Jan. 12, the first Sensex company to announce earnings for the three months ended Dec. 31. Profit estimates for companies in the index for the year ending in March 2012 have fallen 8.7 percent to 1,150 rupees per share, the most since the year ended March 2009,
“Despite an adverse international environment, the Indian economy is expected to grow by about 7 percent this financial year,” Prime Minister Singh said in a speech in Rajasthan. “However, we hope to bring back the rhythm of our growth processes to sustain an annual growth rate of 9 percent to 10 percent in the medium term.”
“Despite an adverse international environment, the Indian economy is expected to grow by about 7 percent this financial year,” Prime Minister Singh said in a speech in Rajasthan. “However, we hope to bring back the rhythm of our growth processes to sustain an annual growth rate of 9 percent to 10 percent in the medium term.”
Tata Motors Stock Price forecast 2012
Indonesia stock info - Tata Motors Stock Price forecast 2012 ; Truck and car maker Tata Motors (TAMO.NS) fell 2 percent to 199 rupees after Deutsche Bank downgraded the stock to 'sell' from 'buy', saying weak demand and rising competition could squeeze margins in the domestic market.
Right from 140 or so, I have been bullish on Tata Motors because Tata Motors was one stock in the automobile sector that was showing solid relative strength while people had been bullish on fundamental basis on Mahindra and other stocks. Initially they were performing well but they have started going down but Tata Motors 200 to about 210 is a supply zone.
Although today right from say for the last one hour or so I see Tata Motors rising but you will find lot of resistance coming in between 206 and 210. Unless this range is decisively crossed, Tata Motors would take time to consolidate between the range of 190 and 210 but overall I am pretty bullish on Tata Motors.
I am expecting in 2012 Tata Motors would hit the zone between 265 and 275. It looks pretty good. At lower levels buy on declines should be the strategy.
Right from 140 or so, I have been bullish on Tata Motors because Tata Motors was one stock in the automobile sector that was showing solid relative strength while people had been bullish on fundamental basis on Mahindra and other stocks. Initially they were performing well but they have started going down but Tata Motors 200 to about 210 is a supply zone.
Although today right from say for the last one hour or so I see Tata Motors rising but you will find lot of resistance coming in between 206 and 210. Unless this range is decisively crossed, Tata Motors would take time to consolidate between the range of 190 and 210 but overall I am pretty bullish on Tata Motors.
I am expecting in 2012 Tata Motors would hit the zone between 265 and 275. It looks pretty good. At lower levels buy on declines should be the strategy.
Reliance Industries Stock Price forecast 2012
Indonesia stock info - Reliance Industries Stock Price forecast 2012 ; The summary page of Reliance Industries Ltd. captures the information on its Live Stock Price and Volume, 52 Week High Low, Intraday and Historical Price Chart, Key Ratios, F&O Quotes, Competitors, Comparative Analysis, Buy Sell Recommendations, Company News and Announcements, Shareholding Pattern, Key Quarterly and Annual P&L A/c items, and Community Prediction. Feel free to forward this Op Ed and follow our Blog read more
50-share Nifty index is expected to open soft january 4 2012
Indonesia stock info 50-share Nifty index is expected to open soft january 4 2012 ; he 50-share Nifty index is expected to open soft on Wednesday tracking muted Asia markets, which surged in early trade on better than expected economic data from US and Germany.
BSE Sensex closed over 400 points higher on Tuesday led by sustained buying in metal, realty and banking shares amid positive global markets.
According to analysts, Indian markets rallied on expectations that the RBI may cut rates in its policy meet due later in the month while positive global cues helped the rise.
"The daily chart of Nifty showed positive divergences in multiple technical indicators like RSI and stochastics suggesting that the rally was due to happen. The Nifty is still technically oversold and hence a pullback rally from here is likely to last longer than most expect," said Vinit Pagaria, VP - Investment Strategies, Microsec capital Ltd.
"Sensex heavyweights like Reliance Industries, State Bank of India, Larsen & Toubro, Infosys Technologies, BHEL etc looks pretty strong which may pull the index higher up to 4910 in the next few trading sessions," added Vinit.
There is a strong possibility of Nifty testing 5050 in January itself while 4600-4640 is likely to act as a strong base.
"The 50-share Nifty index closed very close to its important level of 4780 and if the index sustains above this level it will further to the momentum," said Rakesh Gandhi, Sr Technical Analyst of LKP Securities Ltd.
"From here, the current up move could once again weaken only if Nifty breaks below 4680 and from a trading perspective one can use declines to buy and exit if this level is broken on closing basis," added Rakesh.
Overnight US stocks closed on a high note on Tuesday on strong economic data. The broad S&P 500 index closed at its highest since late October.
U.S. manufacturing grew at its fastest pace in six months in December while U.S. construction rose to a near 1-1/2-year high in November. Also, German unemployment fell sharply to the lowest in two decades, boosting investor sentiments.
The Dow Jones industrial average rose 179.82 points, or 1.47 percent, to 12,397.38. The S&P 500 Index added 19.46 points, or 1.55 percent, to 1,277.06. The Nasdaq Composite gained 43.57 points, or 1.67 percent, to 2,648.72.
Asian stocks and the euro firmed on Wednesday on better-than-expected economic data from the United States and China.
Japan's Nikkei 225 index was trading 1.3% higher at 8,565.56 and Hong Kong's Hang Seng index was trading lower at 18,847.12, down 0.1%. South Korea's Kospi index was trading 0.08% higher at 1877.59. China's Shanghai index was trading at 2205.47, up 0.2%.
At 08:00 AM, Nifty India stock futures in Singapore were up 4 points at 4,781.50, indicating a soft opening in the domestic market.
Stocks in news:
Reliance Industries Ltd after the government approved Reliance Industries' $1.529 billion investment plan for developing four satellite fields in the flagging KG-D6 block after sitting on the proposal for months.
State Bank of India after the country's largest bank, has called off its plans to set up a joint venture with Visa Inc and Elavon Inc to enter the merchant acquiring business over differences on sharing technology.
Adani Power Ltd after the company got short listed to develop four overseas projects worth nearly Rs 19,000 crore and having a total capacity of 3,792 MW.
BSE Sensex closed over 400 points higher on Tuesday led by sustained buying in metal, realty and banking shares amid positive global markets.
According to analysts, Indian markets rallied on expectations that the RBI may cut rates in its policy meet due later in the month while positive global cues helped the rise.
"The daily chart of Nifty showed positive divergences in multiple technical indicators like RSI and stochastics suggesting that the rally was due to happen. The Nifty is still technically oversold and hence a pullback rally from here is likely to last longer than most expect," said Vinit Pagaria, VP - Investment Strategies, Microsec capital Ltd.
"Sensex heavyweights like Reliance Industries, State Bank of India, Larsen & Toubro, Infosys Technologies, BHEL etc looks pretty strong which may pull the index higher up to 4910 in the next few trading sessions," added Vinit.
There is a strong possibility of Nifty testing 5050 in January itself while 4600-4640 is likely to act as a strong base.
"The 50-share Nifty index closed very close to its important level of 4780 and if the index sustains above this level it will further to the momentum," said Rakesh Gandhi, Sr Technical Analyst of LKP Securities Ltd.
"From here, the current up move could once again weaken only if Nifty breaks below 4680 and from a trading perspective one can use declines to buy and exit if this level is broken on closing basis," added Rakesh.
Overnight US stocks closed on a high note on Tuesday on strong economic data. The broad S&P 500 index closed at its highest since late October.
U.S. manufacturing grew at its fastest pace in six months in December while U.S. construction rose to a near 1-1/2-year high in November. Also, German unemployment fell sharply to the lowest in two decades, boosting investor sentiments.
The Dow Jones industrial average rose 179.82 points, or 1.47 percent, to 12,397.38. The S&P 500 Index added 19.46 points, or 1.55 percent, to 1,277.06. The Nasdaq Composite gained 43.57 points, or 1.67 percent, to 2,648.72.
Asian stocks and the euro firmed on Wednesday on better-than-expected economic data from the United States and China.
Japan's Nikkei 225 index was trading 1.3% higher at 8,565.56 and Hong Kong's Hang Seng index was trading lower at 18,847.12, down 0.1%. South Korea's Kospi index was trading 0.08% higher at 1877.59. China's Shanghai index was trading at 2205.47, up 0.2%.
At 08:00 AM, Nifty India stock futures in Singapore were up 4 points at 4,781.50, indicating a soft opening in the domestic market.
Stocks in news:
Reliance Industries Ltd after the government approved Reliance Industries' $1.529 billion investment plan for developing four satellite fields in the flagging KG-D6 block after sitting on the proposal for months.
State Bank of India after the country's largest bank, has called off its plans to set up a joint venture with Visa Inc and Elavon Inc to enter the merchant acquiring business over differences on sharing technology.
Adani Power Ltd after the company got short listed to develop four overseas projects worth nearly Rs 19,000 crore and having a total capacity of 3,792 MW.
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