Nifty ends 5-day losing streak; RIL, SBI, HDFC Bk surge

Sensex won't see old highs for 2-3 yrs: Shankar Sharma

Shankar Sharma, VC and Joint MD of First Global rues that the bull market will not be back in a hurry and does not see the Sensex re-conquering its previous highs in the next two or three years. He estimates a moderate downside and sees the Sensex falling to the 10000-11000 levels. He also sees no recovery of a number of stocks on the Index to its previous highs. He feels the international financial crisis is not over and there are still a few struggling names in Europe and the US. He said he has no sympathy for investors of investment banks all over the world. He said that the rupee is intrinsically weak and would add to the concern of capital outflows.

Excerpts from CNBC-TV18’s exclusive interview with Shankar Sharma:
Sensex won't see old highs for 2-3 yrs: Shankar Sharma

------------------------------------------------
http://www.moneycontrol.com/india/news/economy/how-much-advance-tax-have-cos-paid-for-sept-quarter/19/15/356376

Sources said Tata Steel has paid Rs 300 crore as compared to Rs 350 crore, year-on-year. Tata Motors paid Rs 75 crore as against Rs 190 crore YoY, while Tata Consultancy Services paid Rs 115 crore versus Rs 20 crore YoY.

Among banking companies, Bank of India paid Rs 191 crore as compared to Rs 150 crore YoY, sources said. Union Bank paid Rs 130 crore as against Rs 100 crore YoY, while ICICI Bank paid Rs 250 crore versus Rs 185 crore YoY.

Mahindra & Mahindra paid Rs 116 crore as compared to Rs 83 crore YoY, while L&T paid Rs 170 crore versus Rs 80 crore YoY, sources added.

State Bank of India, or SBI, has paid Rs 1,560 crore as advance tax for the September quarter as against Rs 1,060 crore year-on-year, reports CNBC-TV18, quoting sources. Videocon paid Rs 25 crore as against Rs 20 crore YoY. HDFC and Reliance Industries paid Rs 290 crore and Rs 680 crore respectively for the September quarter. RIL had paid Rs 650 crore in the same period last year.

CNBC-TV18 Disclaimer:This information is source-based and has not been provided to the stock exchanges.
----------------------------------------------
Sensex ends down 12pts, SBI gains 6%
Nifty ends 5-day losing streak; RIL, SBI, HDFC Bk surge
ICICI Bank UK holds Lehman bonds
Advance tax nos not correlated with profitablity: Macquarie
US stocks extend slide on AIG worries

Finacial crisis: World Central banks pump $300 bn
Rupee posts biggest fall in a decade
Fed set to hold rates steady, may signal cuts
Goldman Sachs Q3 net plunges 70%
The journey of Lehman Brothers

Cause of Lehman bankruptcy Fallout threatens recession
Fate of 2,500 employees? Souvenirs command premium
Rel Cap to invest in insurance
Special: Pink slips back at IT cos
London stock mkt slides to 3-year low

Re falls to weakest since July 2006
ICICI Bank has Rs 375-cr exposure in Lehman Brothers
R-Cap to invest Rs 2,000 cr in insurance biz in next 3-5 yrs
Rel Infra eyes Rs 15,000 crore share in PSU steel projects
Short covering, value buying aid market recovery

Source:ET, BS,BL, UTVi

India Inc pays higher advance tax for Q2FY09, Dow Slides below 11k

India Inc pays higher advance tax

India Inc has payed higher advance tax for the second quarter ending September 30, 2008, according to data available with UTVi.
State Bank of India (SBI) has paid advance tax of Rs 1,560 crore when compared with Rs 1,054 crore paid for the quarter ended September 30, 2007.
Reliance has paid Rs 680-690 crore as against Rs 650 crore paid in September 2007. While ICICI Bank has paid Rs 575 crore vs Rs 450 crore in the year-ago period, HDFC has paid Rs 290 crore. Videcon has paid Rs 25 crore vs Rs 20 crore in September 2007.

Advance Tax Nos. (Rs in cr)
Sept 2008 Sept 2007
RIL 683 650
ICICI Bank 575 450
SBI 1560 1050
HDFC 290 180 - 200
Ambuja Cements 175 200
IDBI 20 3
Videocon 25 20
IPCA 3.74 3.29
Wockhardt 2.5 10
Reliance Capital 12 Not Available
Deepak Fertilisers 20 Not Available
SIDBI 90 Not Available
ECGC 90 Not Available
------------------------------------------------------
Dow slides +4%, ends below 11,000

NEW YORK: Stocks took a late day turn for the worse on Monday, with the Dow's loss ballooning to nearly 500 points, amid increased fear about a collapse of AIG and the stability of the US financial system.In the final minutes of trading, the Dow Jones Industrial Average fell below the key 11000 mark and the S&P 500 dropped below 1200.The Dow ended down 504.48 points, or 4.42%, at 10,917.51. The Standard & Poor's 500 Index ended down 58.17 points, or 4.65%, at 1,193.53. The Nasdaq Composite Index was down 81.36 points, or 3.60%, at 2,179.91.Following Lehman Brothers bankruptcy filing, attention turned to American International Group, once the world's largest insurer, whose stock fell more than 53% on concern that it may need to raise capital to cover mortgage-related losses.That pushed shares of financial services companies down sharply, deepening the decline in the three major indices.Updated at 2010 hrs (IST): Stocks slid on Monday as the bankruptcy filing by investment bank Lehman Brothers Holdings Inc and cascading fears about the stability of other major financial institutions spooked global markets.Shares of financial services companies, including insurer American International Group, led the slide amid mounting fears about the impact of the year-long credit crisis on the economy and the profit outlook.AIG, an insurer, and savings and loan company Washington Mutual are among other major companies investors fear are threatened by the credit maelstrom and may have to step up efforts to raise capital to shore up their balance sheets.
The concerns about the stability of other firms followed the US government's decision not to provide guarantees for any deal to help Lehman avert bankruptcy."Investors are uncertain about what it means for the US Treasury and the Federal Reserve to have drawn the line in the sand now and reintroduced the concept of moral hazard," said Phil Orlando, chief equity market strategist, at Federated Investors in New York. "Those who have said we're at the bottom a thousand points ago are probably smoking dope."AIG shares tumbled 42% to $7 on the New York Stock Exchange, while those of Lehman plummeted 94% to 22 cents in composite trading. Washington Mutual dropped 13.9% to $2.35.Dow Jones industrial average fell 299.22 points (2.62%) to 11,122.77. The Nasdaq Composite Index fell 40.18 points (1.78%) to 2,221.09.Merrill shares climbed 27.6% to $21.75, but Bank of America shares dropped 13.9% to $29.05.

Dow Jones slides by over 500 points; worst since 9/11
Asian stock markets plunge after Wall Street falls
Lehman fall may deepen Indian realtors' credit woes
Lehman fallout threatens deeper, wider recession
Credit crisis to hit India Inc's fund raising
Lehman CEO's overconfidence may have led to bankruptcy
Credit crunch: IIT, IIM placements face big hit


AIG struggles to survive financial tsunami
Major financial crises Expert Speak on Financial crisis
Fed may cut key rates BoA-Merrill may flex its muscles
TCS, Wipro recast hiring plans
Oil falls to 7th-month low at $93
'It’s panic sale, expect bounceback'
Wall St seen losing 30,000 jobs

Lehman, Merrill staffs' future dark
Moody’s, Fitch slash Lehman ratings
Global events to haunt D-Street
Merrill prunes its stake in blue chips
Wall St model shattered by crisis
What next for Indian stock market?
Japan PM, ministers to discuss Lehman fallout

Spirce:UTVi, BL, ET

Lehman effect: Indian cos lose Rs 2K-cr

Lehman effect: Indian cos lose Rs 2K-cr
Lehman-invested Indian firms lose over Rs 2,000 cr

Lehman Brothers' move to file for bankruptcy today wiped off more than Rs 2,000 crore from the market valuation of those Indian companies in which the US financial major has made equity investments. Lehman itself recorded a loss of more than Rs 50 crore today on its investments in India, which is nearly 10 per cent of its current holding worth an estimated over Rs 500 crore. The loss would have been much higher if Lehman had not started offloading its equity holding in Indian companies late last month. In a major selling spree that started on August 21, Lehman has sold shares worth close to Rs 400 crore in nearly 10 companies, including NIIT Ltd, Cranes Software, Amtek Auto, Amtek India, Fedders Llyod, Northgate, Mastek, Triveni Engg and Prajay Engg.

Prior to this sell-off, Lehman's Indian equity portfolio is estimated to have been worth more than Rs 1,000 crore, which has now nearly halved to about Rs 500 crore. Most of the shares offloaded by Lehman in India, including those in NIIT, Cranes, Amtek Auto, Amtek India and Northgate, has been purchased by Deutsche Bank, according to the bulk and block deal data available with the bourses. Besides the 10 companies where Lehman has offloaded its shares, Lehman had equity holding in about two dozen firms at the end of June quarter. These firms include Spice Communications, Spice Mobile, Anant Raj Industries, Edelweiss Cap, IVRCL Infra, Tulip Telecom, Consolidated Construction, PSL, Orbit Corp, Development Credit Bank, Champagne Indage, Godawari Power, KPIT Cummins, West Coast Paper, IOL Netcom, Dhampur Sugar, Prithvi Info, Golden Tobacco, Emkay Global, Vijay Shanti Builders and Pioneer Embroidery.

Source:ET,BL

Mkt,Biz Headlines

Stocks end sharply lower
Reliance ADAG eyes steel foray; lines up Rs 40,000 cr for Jharkhand plant
BoA sees India growth opportunities
Thousands lose jobs in UK as Lehman Brothers collapses
Rupee hits 2-year lows as stocks fall weighs

Satyam Computers to axe 4,500 employees
Financial turmoil: AIG looks at liquidating assets
Rel Infra eyes share in PSU projects
Oil prices plunge to $92.11 a barrel
AIG shares fall 52 pc, debt costs jump

India Inc's crorepati directors' list gets bigger
Lehman-invested Indian firms lose over Rs 2,000 cr
PowerGrid to buy 26% in IL&FS power SPV
Dr Reddy's eyes brand buys in US
Reliance Comm adds 1.75 mn users in Aug

Sensex forms bearish head and shoulder pattern
Merrill Lynch reiterats its 'underperform' rating on M&M
BNP Paribas assigns 'reduce' rating to Reliance Power
Edelweiss maintains 'accumulate' rating on Amtek Auto

HSBC assigns 'overweight' rating to Dabur India
Citigroup recommends 'buy' on Everest Kanto Cylinder
Morgan Stanley downgrads Arvind to 'equal-weight'
PINC puts buy on Cosmo Films; target Rs 125

Rupee ends at 45.95/96
Lehman to file for bankruptcy; BankAm buys Merrill
Maha govt asks Reliance to increase compensation package
Post-waiver, power output at N-plants may double

Sensex down 469 points on heavy sell-off
Lehman to file for bankruptcy, subsidiaries kept out
Bank of America to buy Merrill Lynch
Inflation to come down to 10% by December: Rangarajan
Emami sweetens open offer for Zandu
Bharti Airtel to foray into IT

Source: ET,BL,BS etc

Sensex fell 470 pts on Lehman worries

Stocks Review: US financial worries weigh on equities

Lehman Bros files for Chapter 11 bankruptcy

Investor sentiment was marred Monday on worries about the health of the US financial sector after Lehman Brothers became the latest casualty to the mortgage crisis fallout, Merrill agreed to be taken over by Bank of America for $50 billion and troubled insurer American International Group asked the Fed for a lifeline. With Lehman and Merrill Lynch out of the picture, three of the top five US investment banks have effectively departed the scene in less than six months. Bear Stearns was acquired in a fire sale by JPMorgan in March.

"We are witnessing a turning point in the modern history of the financial system, as three major brokers have now disappeared from the scene. The coming days and weeks will be crucial to the global economic outlook," said Anita Gandhi, head-institutional business at Arihant Capital. Stock markets in Australia, Singapore and Taiwan fell by around 2 to 4 percent, with shares of many banks suffering bigger losses. Holidays in most major Asian markets, including Tokyo and Hong Kong, kept volumes thin. The gloom across global markets took its toll on Indian bourses as well, which plunged over 6 per cent intra-day as investors braced for more FII outflows. However, the market recovered lost ground towards the fag end of the session on the back of short covering in battered index heavyweights.

Bombay Stock Exchange's Sensex settled at 13,531.27, down 469.54 points or 3.35 per cent, recovering from the day's low of 13,150.81. The index opened at 13,666.28. National Stock Exchange's Nifty ended 3.68 per cent or 155.55 points at 4072.90. The index fell to a low of 3955.40 earlier in the day.

"The mood is pessimistic than ever before; even insurance companies that generally come to support the market at times of distress, are not on the buy side. Lehman's exposure in heavyweights like DLF and Unitech sent the BSE Realty Index on a downward spiral," Gandhi added. The selling spree sent the BSE Midcap and Smallcap indices down 4.49 per cent and 4.93 per cent respectively. After remaining in the negative terrain for most of the day, Maruti Suzuki (2.8%), HDFC (1.16%), and ACC (0.61%) managed to eke out decent gains.

Reliance Infrastructure (-9.72%), Satyam Computer (-9.45%), Ranbaxy Laboratories (-7.6%), DLF (-7.54%) and ONGC (-6 .01%) were under pressure. While the fate of the US financial system loomed in investors' minds around the world, initial reports that Hurricane Ike had not severely damaged infrastructure in Texas knocked benchmark oil prices below $100 a barrel. Oil tumbled 6 per cent to $94.83 although traders were cautious as they awaited status reports on more Texas refineries. The financial turmoil halted US dollar's rise against other currencies, however, there was no respite for the Indian rupee. The Indian currency was down 46.04/05, down 32 paise against the US dollar.

-----------------------------------------------

Financial powerhouse collapses
World banks act to calm Lehman storm Lehman files for bankruptcy Wall Street jolted BoA buys Merrill

Rupee hits 2-yr lows as stocks fall weighs

Sensex nosedives

Rupee hits 2-year lows as stocks fall weighs
Bank of America to buy Merrill for $50 bn

Lehman effect: Indian cos lose over Rs 2K-cr

Financial turmoil: AIG looks at liquidating assets

Other stories in this section
Financial woes rattle investor confidence; call buying at 4000 holds Nifty
Stocks end sharply lower on US financial woes
Sensex provisionally closes 517.46 points down at 13,483.35
Indices pare losses; Sensex down 500 points
Global markets crash fearing credit crisis to worsen

Sensex ends 470 pts down despite a strong recovery

09:49 - US financial woes thrash markets; Nifty ends below 4100
04:47 - AIG to announce restructuring plans on Tuesday
08:52 - BoA buys Merrill Lynch in $50bn all-stock deal
10:39 - Lehman bankruptcy: FIIs react

Source:ET, Sify,MC etc

Sensex is at a crucial level, Investor Guide frm ET

Sensex is currently at a crucial level

The Sensex, after recording its all-time high of 21206 points in January 2008, has been trading lower. The broader trend has turned negative, as the long-term upward bias channelled trend for the index has been breached in January 2008. Since the index has been trading below the channel trend line and continues to form lower highs and lower lows.

The bear phase that began in January 2008 would remain intact for minimum 18 months, which is the one-third of the time period taken by the Sensex bull rally which began in May 2003 and ended in January 2008 (lasted for 56 months of time period). Hence, the bear phase would continue to last for a minimum of 10 months more i.e. up to July 2009. However, it remains to be seen whether the recent low of 12514 formed in July 2008 would remain intact, as the bottom for the current bear phase, or if the Sensex would form a new low below 12514.

Sensex’s downward move from its all-time high of 21206 on the weekly chart is channelled and continues to from lower highs and lower lows, indicating the continuation of the bear phase. As long as the index continues to form lower highs and lower lows and moves within the channel, it is most likely to slip below its recent low of 12514 to form a new low. During the current downtrend, we have so far witnessed three rallies and each rally has been of minimum 3000 points and the fall, following the rally, has been of minimum 5000 points.

The Sensex opened with a bullish gap during the week and recorded a high of 15107 on Monday, rising by 624 points intra-day. However, it failed to hold on to its initial gains and corrected subsequently to end the week negative by 483 points. The Sensex has given a close at 14000 levels, which is very crucial. The rise from 12514 recorded in July 2008 till date has formed a NeoWave “Extracting Triangle” pattern or a “Head and Shoulder” pattern. Trading below 14000 levels for two consecutive days would confirm the bearish breakout of the pattern, under this scenario the Sensex could move down to 13727-13505 points. Any pull-back would get resisted at the neckline whose value for the current week is placed at 14215. Above this level, the next resistance is placed at 14523, which is due to the weekly channel resistance trend line. At higher levels, the Sensex move above 15579 level would negate the negative outlook for the index, in which case fresh buying can be suggested. Until then, stay away from the market.

-----------------------------------------------
Week Ahead: Poised for downside breakout
The market weakened noticeably in another lacklustre week. The Nifty found support at 4,200 on Friday to close at 4,228.45 points for a loss of 2.85 per cent. The Sensex was down 3.33 per cent at 14,000.81. The Defty lost 4.94 per cent as the rupee slid sharply.

The overall breadth perspective was extremely negative. Advances were far outnumbered by declines. The Junior lost 3.67 per cent and the BSE 500 lost 3.3 per cent. Volumes were low except on Friday where there was massive selling. The FIIs were large and consistent net sellers and the domestic institutions were also net sellers.

Outlook: The market may be poised for a downside breakout. It has already tested a key support at 4,200. If it closes below 4,180, a drop till the 3,950 level is very likely though there is plenty of interim support between 3,950-4,150.

Rationale: An intermediate uptrend started at the low of 3,790 in mid-July and after eight weeks, the trend could well be reversing. The past two weeks have seen tightly rangebound trading on low volumes.

On Friday, the lower end of that range was tested with volume expansion. If there's a breakout (close below 4,179) the downside would be at least 3,950 and maybe, lower. A pessimist would project a low between 3,700-3,800.

Counter-view: Despite the selling pressure, the support at 4,200 did hold. It is possible that the index will continue to range trade. However it seems unlikely and a sharp recovery seems impossible unless there's a big volume expansion and reversal of institutional attitude.

Bulls & bears: There were almost no bulls to speak of. The big losses came in the IT sector and in realty and banks. In one sense, the CNXIT's loss of 3.07 per cent was surprising since the rupee dropped. Most of the losses came on Friday when bellwether Infy dropped 6 per cent and every IT major lost ground.

The selloffs in banking and realty were less paradoxical. The Bank Nifty lost 1.5 per cent and is very likely to lose more next week. All key banking and financial stocks look bearish but the PSUs such as PNB and BoB may hold ground better.

Realty seems to have a 3-week sell cycle and is not likely to recover until short-covering comes in near settlement. Metals saw selling through the week but a recovery of sorts was noticeable on Friday as Sail and Nalco stabilised and the bearish momentum in Tata Steel eased.

Apart from these, pivotals like Reliance Industries and Reliance Infra were also bearish. On the buyside, Airtel is one of the few heavyweights that could move against the tide.
Hind Unilever, BHEL and NTPC may also hold their ground. New listing Austral is still getting high volumes as well though it is much too early to take a technical call.

MICRO TECHNICALS
AirtelCurrent Price: Rs 778.85Target Price: Rs 810
The stock dropped to a low of Rs 745 from a September high of Rs 848 before it started to firm up on Friday. It has the potential to climb till Rs 810 at least on an intra-day basis. Keep a stop at Rs 770 and go long. Be prepared for an intra-day swing of around Rs 50-60. Book profits above Rs 805.

Bhel Current Price: Rs 1,698Target Price: Rs 1,735
The stock has made a sharp recovery from Rs 1,660. It has potential to rise till around Rs 1,735. Keep a stop at Rs 1,690 and go long. Start booking profits above Rs 1,725 because higher prices may not be sustainable except on an intra-day basis.

Reliance Capital Current Price: Rs 1,210.20Target Price: Rs 1,050
The stock is testing a key support and if it closes below Rs 1,200, it will have a downside target of Rs 1,050. There is some interim support at Rs 1,125. Keep a stop at Rs 1,225 and go short. Book a partial profit at Rs 1,125 and hold the rest of the position down to Rs 1,050.

Reliance IndustriesCurrent Price: Rs 1,932Target Price: Rs 1,750
The stock has made a downside breakout with a sharp volume expansion. The target projection from the charts suggests that a target of Rs 1,650 is possible. However, RIL is already close to its 2008 low and those projections may be wildly inaccurate. A conservative target is Rs 1,750. Keep a sliding stop at Rs 1,970 and go short. Move the stop down by Rs 20 for every 20 point move in the stock. Book profits at Rs 1,750.

Tata Steel Current Price: Rs 523.65Target Price: NA
The stock is at its 2008 low. It made the downside breakout by closing below Rs 590 in early September and then it broke Rs 560, which was the next support. The downside target could be Rs 520 or Rs 490 depending on the strength of the current support. The upside would be Rs 560 on a bounce with some resistance at Rs 540. A long position with a stop at Rs 515 looks the best chance. Book some profit at Rs 540 and cash out above Rs 555.

-------------------------------------------------
Investor's Guide
Technical Analysis: Bull market?
Best stock picks in the Services sector
SMR warns of meltdown
Divide your portfolio Long term plan: Fortis, Solar Explosives
Proper risk & money management important for profitable trading

What Freddie-Fannie bailout means for Asia? 15 Sep, 2008, 0531 hrs IST
US home buyers haven’t been the only ones counting on the supposed reliability of Fannie Mae and Freddie Mac.

Great Offshore & Varun Shipping best bets in shipping sector 15 Sep, 2008, 0528 hrs IST, Karan Sehgal
The only ray of hope in the shipping sector comes from investments in offshore supply vessels. Great Offshore and Varun Shipping are the best bets in this space.

Analysts' picks: M&M, Dabur, R-Power,Citigroup, Amtek & Arvind 15 Sep, 2008, 0458 hrs IST
Analysts' picks: M&M, Dabur, R-Power,Citigroup, Amtek & Arvind

Greenply Industries stocks looks promising 15 Sep, 2008, 0449 hrs IST, Amit Jain
Greenply Industries is set to put up a good show in FY10 as one of its units will go on stream in July-August ’09.The stock looks promising for investors with a horizon of 12-18 months

Tata Steel to become even bigger in future: CFO 15 Sep, 2008, 0429 hrs IST, SANTANU MISHRA AND KRISHNA KANT
Tata Steel Group CFO Koushik Chatterjee shares his vision of the company becoming even bigger in future

---------------------------------------------

Hotttt Jobs from CoolAvenues

Senior Positions
12 September 2008 - Senior Manager / Manager / Analyst - Credit Modelling One of the Leading Banks
12 September 2008 - Group Director / Managing Director - Infrastructure Sector One of the Largest Indian Corporate
11 September 2008 - Product Head & Product Manager (PL & LAP) An MNC Non-Banking Finance Company
11 September 2008 - DGM - Alliances A Leading Player in Domestic Telecom Market
11 September 2008 - Principal / Executive Consultant - Consulting Health Sector Practice One of the Largest Consulting Firms in the World
11 September 2008 - Business Development Manager / Account Manager / Sr. Account Manager One of the Top 3 Companies in the Domestic IT Market
11 September 2008 - VP - Business Development (Mumbai) Global Real Estate Fund
11 September 2008 - CEO - Broking Global Financial Company
10 September 2008 - Relationship Managers - Private Wealth Management Group One of the Top Global Financial Services Firms
10 September 2008 - VP - Operations Fortune 100 Infrastructure Fund
9 September 2008 - HR & Employee Transformation Consultants - Consultant to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.
9 September 2008 - Transformation & Strategy Consultants - Senior to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.
8 September 2008 - CFO One of the Largest Web-based Application Providers
8 September 2008 - COO One of the Largest Web-based Application Providers
------------------------------------------------
Marketing/ Sales/ Advertising
12 September 2008 - Business Development Manager - Managed Infrastructure Services A Leading Player in Domestic Telecom Market
12 September 2008 - Business Development Manager - Farming Sales One of the Top 3 Companies in the Domestic IT Market
11 September 2008 - Product Head & Product Manager (PL & LAP) An MNC Non-Banking Finance Company
11 September 2008 - Assistant Manager - Broadband Sales A Leading Player in Domestic Telecom Market
11 September 2008 - DGM - Alliances A Leading Player in Domestic Telecom Market
11 September 2008 - Service Manager A Leading Player in Domestic Telecom Market
11 September 2008 - Business Development Manager / Account Manager / Sr. Account Manager One of the Top 3 Companies in the Domestic IT Market
11 September 2008 - VP - Business Development (Mumbai) Global Real Estate Fund
11 September 2008 - Business Development Manager - New Business One of the Top 3 Companies in the Domestic IT Market
11 September 2008 - CEO - Broking Global Financial Company
11 September 2008 - Trade Lane Manager Global MNC Logistics Company
11 September 2008 - Business Development Manager - AMT Sales A US Multi-national Industry Leader in Convergence Space
11 September 2008 - Business Development Manager - New Business A US Multi-national Industry Leader in Convergence Space
10 September 2008 - Project Lead / Business Analyst A Leading Media Company
9 September 2008 - Marketing, Sales & Services Consultants - Consultant to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.
9 September 2008 - Transformation & Strategy Consultants - Senior to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.
5 September 2008 - Chief Marketing Officer Biggest Web-based Application Company
------------------------------------------------
Finance/ Banking
12 September 2008 - Senior Manager / Manager / Analyst - Credit Modelling One of the Leading Banks
12 September 2008 - Group Director / Managing Director - Infrastructure Sector One of the Largest Indian Corporate
12 September 2008 - Senior Consultant (Internal Audit) One of the Big Four Consulting Firms
11 September 2008 - CEO - Broking Global Financial Company
11 September 2008 - Principal / Executive Consultant - Consulting Health Sector Practice One of the Largest Consulting Firms in the World
11 September 2008 - Senior Analyst - Risk Consulting One of the Leading Big 4 Companies
11 September 2008 - Oracle Apps Financial Manager One of the Top 3 Companies in the Domestic IT Market
10 September 2008 - VP / Director - Private Equity A UK-based Private Equity Firm looking to Enter India
10 September 2008 - Relationship Managers - Private Wealth Management Group One of the Top Global Financial Services Firms
10 September 2008 - VP - Operations Fortune 100 Infrastructure Fund
9 September 2008 - Finance Transformation Consultants - Consultant to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.
8 September 2008 - CFO One of the Largest Web-based Application Providers
------------------------------------------------
HR
11 September 2008 - Oracle Apps HRMS Manager One of the Top 3 Companies in the Domestic IT Market
9 September 2008 - HR & Employee Transformation Consultants - Consultant to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.
9 September 2008 - Manager - HR Manipal Cure & Care
9 September 2008 - Manager - Organizational Effectiveness Birla Sunlife Insurance Company Ltd.
9 September 2008 - Assistant Manager - Talent Assessment Birla Sunlife Insurance Company Ltd.
4 September 2008 - HR Relationship Manager One of the Leading Credit Card Companies
------------------------------------------------
General Management
12 September 2008 - Group Director / Managing Director - Infrastructure Sector One of the Largest Indian Corporate
11 September 2008 - Principal / Executive Consultant - Consulting Health Sector Practice One of the Largest Consulting Firms in the World
11 September 2008 - Senior Analyst - Risk Consulting One of the Leading Big 4 Companies
10 September 2008 - Project Lead / Business Analyst A Leading Media Company
10 September 2008 - VP - Operations Fortune 100 Infrastructure Fund
9 September 2008 - Supply Chain Consultants - Consultant to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.
9 September 2008 - Marketing, Sales & Services Consultants - Consultant to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.
9 September 2008 - HR & Employee Transformation Consultants - Consultant to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.
9 September 2008 - Finance Transformation Consultants - Consultant to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.
9 September 2008 - Transformation & Strategy Consultants - Senior to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.
9 September 2008 - Senior Consultant / Analyst - Government Strategy Lab Capgemini Consulting India Pvt. Ltd.
------------------------------------------------
Technology
12 September 2008 - Opening in SAP FICO One of the Top 3 Companies in the Domestic IT Market
12 September 2008 - Business Development Manager - Managed Infrastructure Services A Leading Player in Domestic Telecom Market
12 September 2008 - Business Development Manager - Farming Sales One of the Top 3 Companies in the Domestic IT Market
11 September 2008 - Assistant Manager - Broadband Sales A Leading Player in Domestic Telecom Market
11 September 2008 - DGM - Alliances A Leading Player in Domestic Telecom Market
11 September 2008 - Program Manager - Total Outsourcing One of the Top 3 Companies in the Domestic IT Market
11 September 2008 - Service Manager A Leading Player in Domestic Telecom Market
11 September 2008 - Business Development Manager / Account Manager / Sr. Account Manager One of the Top 3 Companies in the Domestic IT Market
11 September 2008 - Business Development Manager - New Business One of the Top 3 Companies in the Domestic IT Market
11 September 2008 - Business Development Manager - AMT Sales A US Multi-national Industry Leader in Convergence Space
11 September 2008 - Business Development Manager - New Business A US Multi-national Industry Leader in Convergence Space
11 September 2008 - Oracle Apps HRMS Manager One of the Top 3 Companies in the Domestic IT Market
11 September 2008 - Oracle Apps Financial Manager One of the Top 3 Companies in the Domestic IT Market
10 September 2008 - Quality Manager One of the Top 3 Companies in the Domestic IT Market
8 September 2008 - COO One of the Largest Web-based Application Providers
------------------------------------------------
Operations Management/ SCM; Transition/ Operations (BPO/KPO);
Operations (Banking)
12 September 2008 - Opening in SAP FICO One of the Top 3 Companies in the Domestic IT Market
12 September 2008 - Group Director / Managing Director - Infrastructure Sector One of the Largest Indian Corporate
11 September 2008 - Trade Lane Manager Global MNC Logistics Company
11 September 2008 - Program Manager - Total Outsourcing One of the Top 3 Companies in the Domestic IT Market
11 September 2008 - Oracle Apps HRMS Manager One of the Top 3 Companies in the Domestic IT Market
11 September 2008 - Oracle Apps Financial Manager One of the Top 3 Companies in the Domestic IT Market
10 September 2008 - Quality Manager One of the Top 3 Companies in the Domestic IT Market
9 September 2008 - Supply Chain Consultants - Consultant to Managing Consultant Level Capgemini Consulting India Pvt. Ltd.


Source: Coolavenues.com

PE,VC news

Yes Bank's Billion Dollar PE Plans Unveiled
Sahara Arm Exits NBFC Business; To Shift To Real Estate Activities
ICICI Venture, Providence In Joint Bid For Firstsource: Report
Reliance ADAG Acquires Stake In Forex Company Wall Street Finance
TPG To Invest $120M In Shriram Group's Consumer Finance Arm

NHPC To Hit The Public Markets Around Diwali
QAI India Buys Out Parent Company In USA
SAP Ventures Invests In Software Product Co Newgen Software
Fortis Launches $565M Clean Energy Fund; India On Radar
Dewan Housing To Raise $250 Million Realty Fund

Anil Ambani's Deal With Spielberg Stuck Over Debt Financing
Battery Ventures Makes Ramneek Gupta Partner; To Open India Office
Hedge Fund Platinum Capital Management May Open A Shop In India
CLSA Launches Long Only Clean Water Asia Fund
GVFL-backed 20 Micron Files DRHP For Public Offering

Norway's Telenor Close To Getting Stake in Unitech Wireless: Report
S Kumars Close To Acquiring Italian Shirt Co For Euro 75 Million
Rural Financial Inclusion Firm A. Little. World. Raises $6.5 Million
IFCI Venture Capital Invests $4.6M In Marck Biosciences
Seventymm Raises $12 Million In Third Round From NEA IndoUS, Others

Ojas Venture Partners Invests In Mobile Tech Firm Mango
SAP Ventures Invests In Software Product Co Newgen Software
Fortis Launches $565M Clean Energy Fund; India On Radar
Dewan Housing To Raise $250 Million Realty Fund
Texas Pacific Raises New $30 Billion Fund; $4 Billion For Asia Fund

Job Listings
Associate Vice President - Corporate Finance - Intellecap
AVP/VP - A Top Notch Indian Investment Bank
Associate - TresVista
Associate Level - Private Equity Opening - Mumbai
-------------------------------------------------
Brushman India to acquire stake in Snowcem Paint
PE players develop a liking for healthcare providers
Providence, ICICI arm in joint bid for Firstsource
TPG to invest Rs 530 cr in Shriram's finance arm
Anil Ambani sets his sights on buying Everton

QAI India buys out US parent
Roots to offload 20% equity to private equity funds
Raj Television eyes print, plans stake sale to PE
INX to mop up Rs 600 cr by selling stake
Dewan Housing arm lines up $250 million real estate fund

SAP Ventures buys minority stake in Newgen Tech for Rs 10cr
Bharti Airtel launches $44 mn venture fund
PE funds: real estate developers find performance pays
Capital crunch, valuations may hit PE funding in infrastructure
Etisalat close to buying 51% stake in Swan Tele



Source:Vccircle.com, IndiaPE.com

Stock Reports from Deadpresident

Washington Mutual troubles mount
Buzz from Deal Street
Weekly Stock Picks - Sep 14 2008
Buy Hindustan Unilever
Buy BHEL
Buy Jindal Saw
Buy GAIL
Buy L&T
Weekly Newsletter - Sep 12 2008

Industrial output picks up in July
Rupee weakens to nearly two-year low
N-deal...Massive investment expected in power sect...
Infosys sinks on profit warning

Bank of India
Glenmark Pharma
Ranbaxy
India Economics

Shree Renuka Sugar
Stock Picks
Weekly Wrap - Sep 12 2008
India IT Services

India Inflation
Bharti Airtel, BHEL
Maruti Suzuki, Pantaloon Retail
India Steel Sector Update
ONGC

Insurers are biggest investor in stocks
Reliance Communications, Apollo Tyres, Britannia
Energy and Metals Update - Sep 11 2008
New Lows for Sensex
Suzlon Energy

Suzlon Energy
Bajaj Hindustan, Balrampur Chini, Triveni Engineer...
Maruti Suzuki
Coal Mining
Sesa Goa
Unitech
India Real Estate
Sterlite Industries Ltd.
GAIL
Reliance Industries, RPL
------------------------------------------------
WKLY TECH ANALYSIS: Buying activity may boost Sensex

The Sensex boomeranged after hitting a high of 15,107 early in the week. The markets began the week with a bang on the back of Indo-US nuclear deal but ended on a whimper despite lower inflation and higher IIP numbers.

The index retraced sharply from the resistance zone of 15,100-15,170, and tumbled towards the weekly support level of 13,970. The index touched an intra-week low of 13,934, and finally settled with a loss of 483 points at 14,001.

Metal, realty and energy stocks were the major losers last week, while cement and FMCG stocks were able to attract buyers. Sterlite nose-dived over 17 per cent, mainly on account of the company’s restructuring plan, to Rs 487. Reliance Infrastructure, Tata Power, RIL, Tata Steel, Jaiprakash Associates, DLF, Mahindra & Mahindra and ICICI Bank dropped by 5-8 per cent each.

Maruti, Hindustan Unilever, Grasim and ACC, on the other hand, ended with marginal gains.
The Sensex is now getting closer to the lower band of support mentioned for this month, that is 13,350-13,500. On can expect considerable buying support at these levels, and possibly a bounce back, too.

The NSE Nifty moved in a range of over 350 points - from a high of 4,558, to a low of 4,200 - before settling with a loss of 124 points at 4,228.The strong support base for the Nifty at 4,050 to 4,080 could come into play this week. If the index is able to maintain this support zone, one is likely to witness the index’s bounce back to atleast 4,370 to 4,450.


Source:Deadpresident, BS.

Market Ideas from BusinessLine

TECHNICAL ANALYSIS: Index OutlookIndian equities barely reacted to the news of Nuclear Suppliers Group lifting the embargo on trade with India, nor were they impressed by the decline of crude prices, that had been their principal tormenter this year, to $100. Instead, they ...

DERIVATIVES MARKETS: Nifty future comes under more pressureDespite a promising opening, the Nifty September future finished precariously low at 4245.8, registering a fall of 2.4 per cent over the previous week’s close. ...

STOCK MARKETS: Markets not enthused by positive news flowsThe stock markets gave a thumbs-up last Monday after the country received a waiver from the Nuclear Suppliers Group for receiving nuclear fuel supply. The BSE Sensex opened with a huge gap and ended the day with a 461-point gain. The ...


MUTUAL FUNDS: Buy Gold ETFsLooking for an investment option that will perform well when stocks don’t? Gold fulfils this role admirably. Low historic correlation with the Sensex and long-term returns that beat inflation are the key reasons for an Indian investor to ...

TECHNICAL ANALYSIS: Query Corner: What the charts sayPlease let me know the medium-term outlook of Larsen and Toubro. ...

INCOME TAX: Tax exemption on property buyI am a senior citizen. I have sold a residential house, for Rs 36 lakh. I have out of the sale proceeds cleared a home loan on the said property of Rs 7 lakh. I propose to invest Rs 30 lakh to purchase land and construct a ...

INVESTMENTS: The ‘Beta’ guideBeta is the measure of the volatility of a particular stock in comparison with the market. It indicates the stock’s correlation with the market index and cautions on the risk associated with it. Since volatility is an inherent aspect of ...

TECHNICAL ANALYSIS:
InfosysThe Rs 100 cut in the Infosys stock price on Friday has reversed our positive medium-term view for the stock. The bearish engulfing candle formed on this day implies that the move since August 18 was a distribution phase and not a running ...

TECHNICAL ANALYSIS: RelianceRIL is poised on the brink. The support at Rs 1,900 has held the stock over the last two months. A reversal from current levels will imply that a flat pattern is currently unfolding that can take the stock higher to Rs 2,200 or Rs 2,400 in the ...

TECHNICAL ANALYSIS: Tata SteelIt was a dismal show by Tata Steel last week with a 7 per cent weekly decline. The stock has closed below the key support at Rs 557. If we assume that the third wave from the Rs 925-peak has commenced at the August peak at Rs 700, the minimum ...
TECHNICAL ANALYSIS: UnitechUnitech held resolutely above Rs 150 and moved in a narrow range as indicated in our last column. The short-term view for this stock is negative but traders should wait for a decline below Rs 150 before initiating fresh shorts on this counter. ...

TECHNICAL ANALYSIS: SBIState Bank of India recorded an intra-week peak at Rs 1,604 before declining last week. But the mild nature of the correction implies that the near-term outlook stays positive. Immediate supports for the stock would be at Rs 1,458 and then Rs ...

TECHNICAL ANALYSIS: Reliance InfraThis stock reversed downwards from an intra-week peak at Rs 1,101 and declined to the support at Rs 920. ...

STOCKS: Educomp: HoldShareholders in Educomp Solutions, an education solutions provider, can stay invested with a one-two year horizon considering the company’s strong growth prospects in digital content and product licensing to private schools and strong ...

STOCKS: Bannari Amman Sugars: BuyThe sugar cycle is on the verge of an upturn, with the sharp contraction in sugarcane acreage pointing to lower sugar output and tighter supply over the next couple of years. With sugar prices already beginning their ascent, producers can look ...

STOCKS: Shree Cement: BuyThe sharp de-rating of cement stocks, due to concerns about limited pricing power, has trimmed valuations for producers such as Shree Cement. ...

MUTUAL FUNDS: ICICI Prudential Indo Asian Equity: HoldDiversification within an asset class can minimise risk for equity investors and with the Indian market entering turbulent times, funds that invest in stocks outside India help tide over market volatility and insulate themselves against purely ...

MUTUAL FUNDS: DBS Chola Hedged Equity: HoldInvestors can retain their units of DBS Chola Hedged Equity Fund. In little over a year since its launch, the fund’s performance stands out, its returns bettering both its benchmark CNX Nifty and category average for diversified equity ...

STOCK MARKETS: Bull's EyeE-mail your response by Tuesday to

STOCK MARKETS: Baskets of XE-mail your guess before Tuesday to

NEW FUND OFFER: UpdateBirla Sun Life asset management company has launched Birla Sun Life Commodity Equities Fund. ...


Source: BusinessLine

Crack is showing, RIL struggles below Rs 2,000

'Crack' is showing, RIL struggles below Rs 2,000

Shares of Reliance Industries (RIL), India largest-private sector company, continued its slide on Friday on rising concerns over the oil and gas major's profitability. The stock shed over 3% to close at Rs 1,931.40, closing below the psychological Rs 2,000-mark for the second successive session. Analysts expect RIL’s bottomline and operating margins to be hit by the falling crude oil and crack prices, globally. Cracks such as diesel, jet fuel and gasoline are the products derived from refining crude oil.

Fears that the global economy is headed for recession and hurricane Gustav not being as worse as previously imagined has brought down oil prices to $101 from near $150 levels a few weeks back. This and the finished product mix of RIL will lead to weakening in gross refining margins (GRM) of RIL, analysts opine.

During the past couple of months, gas oil (diesel) cracks have come down while those of fuel oil have risen. However, since RIL does not process crude into fuel oil, it will be more hard-pressed than other refiners, a official with a oil firm said. “Simply put, the Reliance gross refining margin faces more downward pressure in the second quarter (July-Sept) than other refiners’ GRM which have fuel oil as part of their product basket,” the official said. Diesel, jet fuel and gasoline are among the major products sold by RIL.

According to the market talk, few analysts have downgraded their price targets for the RIL stock, which today vary from Rs 1,900 to Rs 3,800. However, as per Bloomberg data, only two analysts have a “sell” rating of the on the stock company. One of them, Sanjeev Prasad of Kotak says that his firm sees potential downside risks to its earnings estimates of RIL, since its earnings are highly sensitive to refining margins and weaker-than-expected margins could significantly impact their earnings.

“We could see a short-term rebound from current very low levels but we believe that refining margins will likely remain weak for the next 12 months at least led by weak global demand and large refining capacity additions later in the current year,” Mr Prasad wrote recently in a note to clients.
-----------------------------------------------

S&P affirms Vedanta Resources; Outlook revised to stable
Buy Aban Offshore for target Rs 3,569: Sharekhan
Analysts' pick: Kamat Hotels
Analysts' pick: AIA Engineering

Sharekhan maintains 'buy' on Unity Infraprojects for target Rs 871
Analysts' pick: Bajaj Hindustan
Analysts' pick: Container Corp
Tatas to rollout 1,000 Nanos from Pune plant

NRL posts Rs 374 crore net profit
IFCI wants clarity on govt debt before stake sale
NMDC to invest $4.3 bln on capacity expansion
India Apr-Aug indirect tax receipts up 10.5 pc y/y
Indirect tax collections touch Rs 1,12,643 cr

Datatec acquires 50.01% stake in Inflow Technologies
TCS to holds 50% in power exchange
Heard on the Street
Canara HSBC Life charts new path to quick profits
IT stocks turn bearish, pull Sensex down to 14,000

Forex reserves down $6.5 b
Markets this week(Latest Audio:English)



Source:ET,BL

Industrial growth at 7.1% in July

Industrial growth at 7.1% in July

Sensex tanks 323 pts as bears strike again 

Industrial growth recovered to 7.1 per cent in July from the dismal performance in previous two months of the current fiscal, even though it moderated compared with 8.3 per cent recorded a year ago.

The improved data may give some breather to the Government and RBI, struggling hard to check the double-digit inflation through tightening monetary policy, which hampers the growth process.

While the manufacturing, which contributes about 80 per cent to IIP, grew by 7.5 per cent in July, compared with 8.8 per cent a year ago, electricity generation was up by 4.5 per cent, against 7.5 per cent.

Mining output growth, however, was quite higher at 5 per cent from 3.2 per cent a year ago. The growth in industrial production, as measured by the Index of Industrial Production (IIP), was low at 3.8 per cent in May and 5.4 per cent in June.

In April, however, industrial growth stood at 7 per cent, more or less same as in July. As such, industrial growth turned out to be 5.7 per cent in the first four months of this fiscal, against 9.7 per cent a year ago.

The data came close to first quarterly economic growth figures at 7.9 per cent and would play a crucial role for the GDP figures for the next quarter. If, this trend continues and other sectors like agriculture and services also contribute, GDP figure ma y be quite higher for the second quarter, analysts said. - PTI 

-----------------------------------------------------------

Other stories:

India intrigued by Bush observation on fuel supply

Sensex ends 323 points down

Sensex sheds 323pts; tech, realty stocks tank

Industrial production dips to 7.1% y-o-y

Indra Nooyi named Corporate America's 12th top-paid woman

IIP data: July industrial output up 7.1% year/year

Source:ET,BS,BL.