6th Sept 2011 Morning Market Updates 09:10
After yesterday's smart recovery in Indian equity market, Nifty may touch 5285 level in coming days but the obstacles are concerned with Global scenario.
At the time of publishing this post, SGX Nifty was down by 38 points so naturally our market will open with negative note.
Nifty strong buy above 5120 level for positional target 5285/5324
Gold strong buy above 1914 US$
Shares of leading Chinese banks retreat in Shanghai after authorities announce over the weekend what amount to increases in reserves which lenders must set aside with the central bank.
After sharp falls Monday, Japan’s Nikkei Stock Average lost 1.2%, while Australia’s S&P/ASX 200 index and Hong Kong’s Hang Seng Index each lost 1%.Stocks lost more ground in Asia on Tuesday, with investors unable to shake off worries about Europe’s debt woes or the health of the U.S. economy, pushing down banks and energy companies. U.S. stock futures were pointing to a sharply lower open on Wall Street later in the global trading day, with investors set to return after a long holiday weekend. Yesterday, European shares tumbled on Monday, as a U.S. lawsuit and fresh worries about the region’s sovereign-debt woes sent financial stocks deep into the red. The latest signs of discord in Europe’s efforts to deal with its sovereign-debt woes included reports of a hiatus in talks between Greece and its financial-aid partners, as well as reports of pressure on Italy to step up its austerity measures.
The Shanghai Composite Index traded flat, as did South Korea’s Kospi, recovering from early losses.
Stocks in News :
After yesterday's smart recovery in Indian equity market, Nifty may touch 5285 level in coming days but the obstacles are concerned with Global scenario.
At the time of publishing this post, SGX Nifty was down by 38 points so naturally our market will open with negative note.
Nifty strong buy above 5120 level for positional target 5285/5324
Gold strong buy above 1914 US$
Shares of leading Chinese banks retreat in Shanghai after authorities announce over the weekend what amount to increases in reserves which lenders must set aside with the central bank.
After sharp falls Monday, Japan’s Nikkei Stock Average lost 1.2%, while Australia’s S&P/ASX 200 index and Hong Kong’s Hang Seng Index each lost 1%.Stocks lost more ground in Asia on Tuesday, with investors unable to shake off worries about Europe’s debt woes or the health of the U.S. economy, pushing down banks and energy companies. U.S. stock futures were pointing to a sharply lower open on Wall Street later in the global trading day, with investors set to return after a long holiday weekend. Yesterday, European shares tumbled on Monday, as a U.S. lawsuit and fresh worries about the region’s sovereign-debt woes sent financial stocks deep into the red. The latest signs of discord in Europe’s efforts to deal with its sovereign-debt woes included reports of a hiatus in talks between Greece and its financial-aid partners, as well as reports of pressure on Italy to step up its austerity measures.
The Shanghai Composite Index traded flat, as did South Korea’s Kospi, recovering from early losses.
Stocks in News :
Cabinet approves Draft land acquisition bill; industry feels jitters
Jairam Ramesh says
-Draft land bill to be placed in current parliament session
-Suggestions will be taken on board by parliament standing committee
-There was no change on the bar on irrigated land
-Once defined, public purpose will not be changed
Jairam Ramesh says
-Draft land bill to be placed in current parliament session
-Suggestions will be taken on board by parliament standing committee
-There was no change on the bar on irrigated land
-Once defined, public purpose will not be changed
CREDAI says
-Happy that transparency will come in land acquisition
-Unhappy that affordable housing not under bill
-R&R clause will lead to 50% increase in market costs
-Happy that transparency will come in land acquisition
-Unhappy that affordable housing not under bill
-R&R clause will lead to 50% increase in market costs
CII says
-Total cost involved could turn out to be a negative
-Bill has gone overboard on costs of rehabilitation
- JSW Steel likely to clear land hurdle for its proposed 3mt integrated steel plant in WB (BL)-Total cost involved could turn out to be a negative
-Bill has gone overboard on costs of rehabilitation
Other stocks and sectors that are in news today:- RIL in focus: CAG report on hydrocarbons is expected to be tabled today
- PIPAVAV SHIPYARD to consider issue of convertible warrants
-DoT to seek corporate affair’s ministry’s view on the five-year old deal between Tata Group and IDEA
- TCS puts in USD 500 million bid to acquire a controlling stake in the IT systems of Lufthansa (ET)
- DUNLOP plans to sell of its property in Mumbai for around Rs 300-350 crore (BS)
- Neyveli plans to invest Rs 40,200 crore to build power plants in Tamilnadu, Rajasthan and Uttar Pradesh
- PIPAVAV SHIPYARD to consider issue of convertible warrants
-DoT to seek corporate affair’s ministry’s view on the five-year old deal between Tata Group and IDEA
- TCS puts in USD 500 million bid to acquire a controlling stake in the IT systems of Lufthansa (ET)
- DUNLOP plans to sell of its property in Mumbai for around Rs 300-350 crore (BS)
- Neyveli plans to invest Rs 40,200 crore to build power plants in Tamilnadu, Rajasthan and Uttar Pradesh
-Hero Group to set up a Rs 650 crore hotel in Gurgaon
- Hotel Leela board meet on September 7 to consider hiving off co's Kovalam Hotel
- Gujrat Natural Resources board approves GDR issue of up to Rs 250 crore
- Ultratech Cement August cement production up 2.3% at 3.02 mt (YoY)
- Ashok Leyland August total sales at 7218 versus 7480 YoY
-Axis IT&T to consider & finalise the merger of its various group entities
- Nelcast : Stock Split from Rs 10/sh to Rs 2/sh
-F&O Ban: ABG Shipyard, Gitanjali Gems-Ex Dividend: Container Corp of India Rs 8/sh, Grasim Rs 20/sh
-2G case update: Unitech 's Sanjay Chandra's bail plea adjourned to September 6
- Hotel Leela board meet on September 7 to consider hiving off co's Kovalam Hotel
- Gujrat Natural Resources board approves GDR issue of up to Rs 250 crore
- Ultratech Cement August cement production up 2.3% at 3.02 mt (YoY)
- Ashok Leyland August total sales at 7218 versus 7480 YoY
-Axis IT&T to consider & finalise the merger of its various group entities
- Nelcast : Stock Split from Rs 10/sh to Rs 2/sh
-F&O Ban: ABG Shipyard, Gitanjali Gems-Ex Dividend: Container Corp of India Rs 8/sh, Grasim Rs 20/sh
-2G case update: Unitech 's Sanjay Chandra's bail plea adjourned to September 6
FIIs Activity :
Cash :
Buy 2971.1 Cr
Sell : 2837.88 Cr
Net : 133.22 Cr
F&O :
BUY SELL OPEN INTEREST AT THE END OF THE DAY
No. of contracts Amt in Crores No. of contracts Amt in Crores No. of contracts Amt in Crores
INDEX FUTURES 97209 2417.59 120346 2983.67 627481 15655.31
INDEX OPTIONS 273919 6655.42 275803 6768.70 2033355 51002.87
STOCK FUTURES 60632 1560.44 49733 1210.88 1125357 27685.56
STOCK OPTIONS 11776 277.75 12496 300.56 27649 680.68
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