Archive for the ‘Angel Broking’ Category
Stocks and Sector Data By Angel Broking
Outlook for the day: Volatility likely to prevail
The coming trading session is expected to trade in the broad range of 4800 – 4680 levels with negative bias. On the daily chart, Nifty is taking ‘Trend line’ resistance around 4800 – 4820 levels. On the downside, 4680 – 4660 levels may act as support. Further, if Nifty trades below these levels, 4630 – 4600 levels is the next support. Read More
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11th April 2008 Market Outlook By Angel Broking
Dealer’s Diary
The market on Thursday oscillated between positive and negative territory due to lack of strong participation from market players ahead of the industrial production and inflation (IIP) data on Friday, April 11, 2008. The Sensex and Nifty ended with losses of around 1% and 0.3%, respectively. The BSE Bankex and BSE Tech witnessed a major loss of 3% and 1% respectively, among the Sectoral indices. Oil & Gas stocks were the star performers of the session. IT stocks slipped due to profit booking after an early surge. Mid and Small-caps outperformed the frontliners. Key indices in China, Hong Kong, South Korea and Taiwan were up between 0.6 -1.9%. However, indices in Japan and Singapore were down between 0.7 -1.3% in the wake of a fall in February core machinery orders. Among the frontliners, Ambuja Cement, L&T, Reliance, TCS and Reliance Energy gained 1.5-6.5%, while Bharti Airtel, Jaiprakash Associates, HDFC Bank, Ranbaxy and ICICI lost ground by 2.5-4.5%. In the Mid-cap segment, Gujarat Alkali, Motilal Oswal, Bhushan Steel and GVK Power Infra gained 6-11%, whereas Ahluwalia Co, IL&FS, Peninsula Land, Blue Star lost 4-5%.
Markets Today
The trend deciding level for the day is 4751 / 15768 .NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally upto 4781 / 15881. However, if the NIFTY trades below 4751 / 15768 for the first half-an-hour of trade then it may correct upto 4703 – 4673 / 15582 - 15470. Read More
For more stock tips, share market information and news, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
10th April 2008 Market Outlook By Angel Broking
Dealer’s Diary
The market on Wednesday opened on a weak note tracking global market cues, but surged in late trade, ending with decent gains. The BSE Sensex ended 1.3% higher while the broader S&P CNX Nifty ended the day with 0.8% gain. Realty and FMCG stocks declined while Power and Capital Goods stocks rose higher. Banking stocks surged in late trade after Yes Bank announced better-than-expected results and said it had no delinquent derivatives exposures. Capital Goods stocks rose on reports of Finance Minister, P Chidambaram, meeting representatives from the Auto and Capital Goods industries to discuss industrial slowdown after the weak Index of Industrial Production (IIP) numbers in recent times. Among the frontliners, ICICI, Tata Steel, BHEL, HDFC and HDFC Bank gained 3-5.5%, while DLF, TCS, Bharti Airtel, HUL and Marity Suzuki lost ground by 1-1.5%. In the Mid-cap segment, 3iinfotech, Bajaj Hindustan, Balrampur Chini, NIIT Techno and IL&FS Investments gained 10-13.5%, whereas ICI India, Orchid Chem, Network Media, Koutons Retail and Orbit Corporation lost 2.5-7%.
Markets Today
The trend deciding level for the day is 4724 / 15695 .NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally upto 4781-4815 / 15925- 16060 . However, if NIFTY trades below 4724 / 15695 for the first half-an-hour of trade then it may correct upto 4690 / 15560 Read More
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9th April Market Outlook By Angel Broking
Dealer’s Diary
The market on Tuesday drifted lower on back of weak Asian and European markets. The Sensex and Nifty ended with a loss of around 1%. Among the sectoral indices BSE Metal, BSE Capital Goods and BSE IT witnessed a major loss of 2%. However, the BSE Midcap and Small cap bucked the trend, registering a gain of 1% and 0.5% respectively. Asian markets drew back on the worries of rising crudeoil prices and higher raw-material prices hurting shares particularly airlines and steel makers. Among the frontliners, HDFC Bank, HDFC, ICICI Bank, Bharti Airtel and BHEL gained 0.1-5%, while Ranbaxy, Tata Steel, Jaiprakash Associate, Wipro and L&T lost ground by 3- 5%. In the mid-cap segment, S. Kumar Nationwide, Yes Bank, IL&FS Investsmart, Kolte Patil Dave and Orchid Chemicals gained 10-16%, whereas Madras Aluminum, India Cement, Elecon Engineering, Bilcare and Kansai Nerolac Paints lost 4-5%.
Markets Today
The trend deciding level for the day is 4719 / 15612. NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally upto 4760 / 15746. However, if NIFTY trades below 4719 / 15612 for the first half-an-hour of trade then it may correct upto 4668 –4627 / 15455- 15322. Read More
For more stock tips, share market information and news, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
8th April 2008 Market Outlook BY Angel Broking
Dealer’s Diary
The markets on Monday opened firm tracking strong Asian markets. Barring the initial dip in the first hour of trade, the indices remained buoyant through the trading sessions with every marginal decline being followed by sustained gains. The Sensex and Nifty ended with gains of around 3%. The BSE Bankex and BSE FMCG clocked major gains of 4% among the other sectoral indices. Key benchmark indices in Hong Kong, China, Japan, Singapore, South Korea and Taiwan were up by 0.4 - 4.45%. US equities had held steady on Friday after the poor showing in employment and despite worries about Banking sector earnings. Among the frontliners, ITC, HUL, Jaiprakash Associate, Ranbaxy Labs and ICICI Bank gained 5-6%, while Reliance Energy, Maruti Suzuki and Ambuja Cement lost ground by 0.3-1%. In the Mid-cap segment, Ashapura Minechem, Max India, Gujarat NRE Coke, Orchid Chemicals and Bilcare gained 8-19%, whereas Asian Star, Walchand Industries, Motilal Oswal, 3M India and Akruti City lost 4-9%.
Markets Today
The trend deciding level for the day is 4730 / 15644 NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally upto 4830 – 4899 / 15965 -16174. However, if NIFTY trades below 4730 / 15644 for the first half-an-hour of trade then it may correct upto 4660 / 15435. Read More.
Click Here for the complete 8th April 2008 Market Outlook BY Angel Broking.
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The Petroleum and Natural Gas Regulatory Board (PNGRB)
The Petroleum and Natural Gas Regulatory Board (PNGRB)Sector Update
The Petroleum and Natural Gas Regulatory Board (PNGRB) has announced regulations for City Gas Distribution (CGD) networks. Gujarat Gas and Indraprastha Gas are CGD players. The cap on the returns (RoCE) is expected to hamper the performance of these companies. Although, there is a cap on RoCE, the companies are free to charge gas marketing margins to their customers. Gujarat Gas, which procures gas at market rates, is well placed in the CGD space and we believe the regulations will not impact its performance severely. We believe that the Regulations will adversely impact Indraprastha Gas as it is currently procuring gas at APM prices and enjoys higher RoCE. Read More
For more stock tips, share market information and news, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
Markets On Thursday 3rd April 2008 - Angel Broking
Dealer’s Diary
The markets on Thursday opened marginally in the green, went through a brief rally in the mid-session trading, but regressed back to the dotted line by the final trading hour. The Sensex and Nifty ended with a gain of around 1%. Software majors aided the indices, while heavyweights from the auto sector bore the brunt of the selling activity. The BSE IT and Oil &Gas witnessed major gain of 3% and 2% respectively among the other sectoral indices. While the BSE Midcap index ended marginally lower, the BSE Smallcap index closed lower by 1%. Among the frontliners, Infosys, HUL, TCS, Wipro and Satyam gained 2.5-5%, while Grasim, Maruti Suzuki, Reliance Energy, M&M and BHEL lost ground by 2-5%. In the mid-cap segment, S Kumars, Rolta Ind., GVK Power, Amtek Auto and Orchid Chem gained 6.5-10%, whereas Indra Gas, Nagarjuan Construction, Consol Contructions, Yes Bank and Orbit Corp. lost 6-10%.
Markets Today
The trend deciding level for the day is 4781 / 15845. NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 4824 / 15990. However, if NIFTY trades below 4781 /15845 for the first half-an-hour of trade then it may correct up to 4729 –4686 / 15687 - 15541.Read More
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3rd April, 2008 Market Outlook - Angel Broking
Dealer’s Diary
The Indian markets on Wednesday opened with a gap up boosted by strong global cues. US stocks rallied on Tuesday after Lehman Brothers said it raised $4bn in an offering of convertible preferred shares, which soothed fears it was heading for a fate similar to that of Bear Stearns. However, an early surge on the bourses proved short-lived as index heavyweights gave up initial gains. Heavy FII selling coupled with rising economic concerns weighed down on the benchmark indices, which finally ended the day with only marginal gains. While the BSE Midcap index ended the day in green, the BSE Smallcap index closed higher by 1%. Among the frontliners, Satyam Computers, Jaiprakash Asscociates, ICICI Bank Limited, Infosys and HDFC gained 2.5-5%, while HUL, ITC, BHEL, Tata Steel and Reliance Energy lost ground by 1-4.5%.In the Mid-cap segment, Essar Shipping, Spice Telecom, Sundaram Clayton, Shaw Wallace and Akruti City gained 9.5-19.5%, whereas Advanta, Ansal Infrastructure, HT Media, Motherson Sumi System and Ahluwalia Company lost 5-10.5%.
Markets Today
The trend deciding level for the day is 4804 / 15902. NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally upto 4867 – 4979 / 16085 - 16419. However, if NIFTY trades below 4804 / 15902 for the first half-an-hour of trade then it may correct upto 4691 – 4629 / 15568 - 15385. Read More
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For more stock tips, share market information and news, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
yes bank - Angel Broking Research Report
We believe that the risks developing in Yes Banks Forex Derivative business are manageable and the structural growth potential of the Bank is intact. The Bank is on a high growth trajectory, has embarked on building a strong brand and has an impressive pool of intellectual capital. We expect 66% CAGR in Deposits and Advances and 53% CAGR in EPS over FY2007-10E. We have factored in 15% reduction in EPS estimates for FY2009E and FY2010E taking a conservative view on the Forex Derivatives business and revised our estimated FY2010E ABV downwards from Rs99 to Rs88. At Rs186, the stock is trading at 2.1x our revised FY2010E Adjusted Book Value (ABV) of Rs88. We maintain a Buy on the stock. Read More
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Steel Sector Update - Angel Broking
Globally, steel prices have been on an upward trajectory due to input cost pressure. However to curb inflation, the government has been trying to rein in the soaring steel prices by adopting several measures like imposition of export tax. Clearly, if the government does impose an export tax of 10% on finished steel, profitability of steel players will be negatively impacted, especially that of JSW Steel, which has a higher export revenues share in total revenues. In case of JSW Steel, 30% of its revenues can be attributed to exports, while export revenues of SAIL and Tata Steel account for 3.5% and 10% of their total revenues, respectively. We maintain our Neutral view on both SAIL and Tata Steel and Buy on JSW Steel. Read More
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