Sensex (-514),Nifty (-169) pts lower on weak global sentiments

Nifty ends 5% lower on weak global sentiments

Weakness in global markets and lack of investor confidence saw the Indian stock market benchmarks wipe off gains made in last two trading sessions on Wednesday. Markets opened sharply lower, in line with the Asian peers, on concerns of global economic slowdown. Losses widened as the session progressed and indices spiralled lower. There was dearth of buyers and investors chose to remain on sidelines. Expectations of further cooling in inflation rate failed to cheer the market. Inflation rate for the week ended Oct 11 is seen at 11.35 per cent, lower from 11.44 per cent previous week. “All the major global markets were down and we followed suit. There was hardly any buying in today’s trade and foreign investors as well as domestic funds were seen on sell side. There is still some pain left, as market has not yet seen the bottom,” said Sarfaraz Vakil, associate vice president, India Infoline.

Bombay Stock Exchange’s Sensex ended at 10,169.90, down 513.49 points or 4.81 per cent from Tuesday’s close. The index touched a low of 10,128.22 and high of 10,484.85. National Stock Exchange’s Nifty closed at 3065.15, down 5.25 per cent or 169.75 points. The broader index touched a low of 3051.80 and a high of 3235.75.

BSE Midcap Index closed 2.7 per cent lower and BSE Smallcap Index declined 2.02 per cent. Among frontline stocks, Tata Steel (-12.04%), Sterlite Industries (-10.04%), Reliance Communications (-8.79%), ICICI Bank (10.04%), Jaiprakash Associates (-7.88%) and Tata Motors (-7.87%) were the worst hit. ITC (1.04%) and Hindustan Unilever (0.5%) were the only gainers in the 30-share index. Market breadth remained weak through the day, with 1,733 declines and 778 advances on BSE. “Market is lacking confidence and sentiment is extremely bearish at the moment. No one wants to be caught on the wrong foot,” added Vakil. Amongst the sectoral indices, BSE Metal Index fell 7.90 per cent as global commodities prices were headed downwards. Realty stocks were hammered despite reports that banks were planning to cut home loan rates by about 50 basis points after RBI cut the repo rate on Monday. BSE Realty Index closed 7.57 per cent lower. The flooding of banking system with liquidity didn’t prevent banking stocks from falling. BSE Bankex closed 5.78 per cent lower on bearish sentiments. Traders took positions in defensive stocks, which saw the BSE FMCG Index end 0.62 per cent higher.
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Nifty Oct futures in discount, Tata Steel slumps 14%
Equities end sharply lower; Sensex down 500 pts
Selling pressure intensifies; Nifty down 5%
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Other Headlines:
Tata Consultancy Q2 net up 1.2%, lags forecast
7 PSU banks to be recapitalised
Wipro net profit rises 9% QoQ; near-term outlook cautious
Re hits record low, RBI intervenes
Moody's downgrades Tata Steel's outlook to negative

Areva T&D bags Rs 221 cr order from SAIL
Chandrayaan-I to help generate comprehensive moon maps
India plans to send two men to space by 2015
India set to make space in elite club


Source:ET etc

Special: Chandrayaan 1- India's first moon mission

Special: Chandrayaan 1- India's first moon mission

Chandrayaan to carry NASA instruments India's maiden moon mission, Chandrayaan-1, will carry two instruments from the American space agency NASA.

India's first moon mission is world's 68th Chandrayaan-, that lifts off from Sriharikota, is India's first and the world's 68th mission to the moon.

Chandrayaan-1 and PSLV-C11 In Pics: Chandrayaan-1 and PSLV-C11
Chandrayaan-1 embarks on 2-year moon mission If things go as planned,Chandrayaan-1, embarks on a two-year mission seeking to throw more light on earth's only natural satellite.

Indian space launches in the past The Chandrayaan moon mission will be the 27th by the Indian Space Research Organisation.

Mission moon: Dream Team Here is the list of team members of India's first unmanned Moon mission Chandrayaan-I.

Lunar mission to boost India in Asian space race India's space programme takes a giant leap with the launch of its first lunar mission that marks promotion in the field of regional powerhouses.

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Chandrayaan-1 takes off successfully
Chandrayaan to carry NASA instruments
Chandrayaan-1 to carry instruments from NASA on moon
India readies 1st moon mission in Asian space race
Exclusive: Why moon? Ex-ISRO chief explains
30 Minutes: A mission 10 years in the making
Water there? Chandrayaan to find out
Over the moon? Wish Team Chandrayaan

PERFECT LAUNCH FOR CHANDRAYAAN
Agencies
India's first unmanned flight to the moon blasted off from Sriharikota, off the Andhra Pradesh coast, early morning on Wednesday. The launch was perfect and the space vehicle is going in the right direction.

India has made history against all odds: ISRO chief
Indian on moon? Pics Moon mission facts

Chandrayaan-1 placed in transfer orbit
India's first unmanned rocket to the moon has been successfully placed in its orbit. It will complete the remaining journey in 15 days.
Moon mission facts Launch chronology In pics: Moon through surfers' eyes Perfect launch against all odds: ISRO chief NASA returns to moon with Chandrayaan President congratulates ISRO Leave a message on the moon India's first moon mission is world's 68thWorld's 1st moon mission was by the then USSR.

A remarkable journey: With the launch of its first unmanned mission, Chandrayaan-1, to the moon, India is on the threshold of history as it establishes itself as a major space power in the world. (Picture courtesy: NASA)

Chandrayaan-I launched successfully
Chandrayaan mission will help country economically: Kalam
WelCome to Chandrayaan official page of ISRO.



Source:All webs from the World....

Results: SAIL, JPAsso, Zee, Ibulls, LICHsg, PFC etc

SAIL Q2 net up 18% at Rs 2,010 cr

State-run Steel Authority of India today said its net profit for the second quarter ended September 30 stood at Rs 2,009.60 crore, a 18.19 per cent growth over the corresponding period a year-ago. The firm had a net profit of Rs 1,700.24 crore in the September quarter of FY'08, SAIL said in a filing to the Bombay Stock Exchange. The total income rose 34 per cent to Rs 1,2660.99 crore in the reviewed quarter, from Rs 9,467.75 crore in the year-ago period. For the six month ended September 30, the company reported a net profit of Rs 3,644.79 crore, a 13 per cent growth over the corresponding year-ago period. The company had a net profit of Rs 3,225.36 crore in the September quarter of last fiscal. The net sales increased to Rs 25,727.73 crore during the six months, from Rs 19,270.08 crore in the year ago period. Shares of SAIL were trading at Rs 105.85, down 1.85 per cent on the BSE.

Jaiprakash Associates Q2 net up 96% at Rs 203 cr

Infrastructure firm Jaiprakash Associates today announced a net profit of Rs 203.13 crore for the second quarter ended September 30, a 96.03 per cent growth over the corresponding period a year-ago.

The company had a net profit of Rs 103.62 crore in the second quarter of FY08, Jaiprakash Associates said in a filing to the Bombay Stock Exchange.
Jaiprakash Associates also declared the first interim dividend of 30 paise. The company would also raise about Rs 1,800 crore through right issue to meets its fund requirements.
The total income rose to Rs 1,286.63 crore in the quarter under review, from Rs 922.20 crore in the same period last year.
For six months ending September 30, the company reported a net profit of Rs 330.39 crore, a 35.70 per cent rise over the year ago-period.
The company had a net profit of Rs 243.46 crore in the corresponding period last fiscal.
The total income of the company increased to Rs 2,472.76 crore in the six-month period, from Rs 1,926.79 crore.
Shares of Jaiprakash Associates were trading at Rs 77.05, up 13.81 per cent in the morning trade on the BSE.

Other Results:

RNRL net up 5 pc at Rs 20.10 cr
Hero Honda net up 50 pc at Rs 306 cr
NIIT PAT up 41 pc at Rs 29.7 cr

Zee Entertainment Q2 PAT up 84 pc at Rs 178 cr
Idea Cellular slumps 11% on disappointing Q2
MindTree's Q2 revenues grows 40.6 per cent

Crompton Greaves Q2 net profit jumps 24% YoY

Canara Bank's Q2 net up by 32 per cent

Elecon Engineering Q2 net down 7 pc at Rs 16.01 cr

Marico posts Q2 net profit of Rs 45 cr

Tech Mahindra net up 66.7% y-o-y to Rs 303cr

SBBJ net rises 36% to Rs 179.37 crore

Allahabad Bank net dips 83% on high provision

Federal Bank Q2 net up 20%

JB Chemicals hits upper circuit on strong Q2 results
SAIL ends 2% lower as OPM falls 410 bps to 24.6%

Ashok Leyland Q2 net slips

Tech Mahindra Q2 net up 63% at Rs 296 cr

Hero Honda net up 50% at Rs 306 cr

NIIT PAT up 41% at Rs 29.7 cr

Polaris Software Q2 PAT up 89% at Rs 34.42 cr

Zee Entertainment Q2 net slips

Kpit Cummins Q2 net up 29%

LIC Housing Finance Q2 net up 16% at Rs 135 cr

Wockhardt Q2 net dips 43%

Marico Q2 net up 12% at Rs 47 cr

United Spirits Q2 net up 17% at Rs 94 cr

Indiabulls Financial Q2 net down at Rs 44.80 cr

Blue Dart Express net profit declines 21.95% in the September 2008 quarterSales rise 28.22% to Rs 265.79 crore

Bongaigaon Refinery & Petrochemicals reports net loss of Rs 81.15 crore in the September 2008 quarterBongaigaon Refinery & Petrochemicals reported net loss of Rs 81.15 crore in the quarter ended September 2008 as against net profit of Rs 113.23 crore during the previous quarter ended September 2007. Sales rose 57.78% to Rs 2182.38 crore in the quarter ended September 2008 as against Rs 1383.20 crore during the previous quarter ended September 2007.

Punjab Tractors net profit rises 178.47% in the September 2008 quarter

Net profit of Punjab Tractors rose 178.47% to Rs 27.29 crore in the quarter ended September 2008 as against Rs 9.80 crore during the previous quarter ended September 2007. Sales rose 48.85% to Rs 307.98 crore in the quarter ended September 2008 as against Rs 206.90 crore during the previous quarter ended September 2007.

Brigade Enterprises reports net profit of Rs 38.69 crore in the September 2008 quarter

Tata Sponge Iron net profit rises 308.30% in the September 2008 quarter

Hindustan Motors reports net loss of Rs 16.21 crore in the September 2008 quarter

Polaris Software Lab net profit rises 138.42% in the September 2008 quarterNet profit of Polaris Software Lab rose 138.42% to Rs 29.97 crore in the quarter ended September 2008 as against Rs 12.57 crore during the previous quarter ended September 2007. Sales rose 22.80% to Rs 290.33 crore in the quarter ended September 2008 as against Rs 236.43 crore during the previous quarter ended September 2007.

Power Finance Corporation net profit rises 16.69% in the September 2008 quarterNet profit of Power Finance Corporation rose 16.69% to Rs 329.33 crore in the quarter ended September 2008 as against Rs 282.22 crore during the previous quarter ended September 2007. Sales rose 29.12% to Rs 1584.98 crore in the quarter ended September 2008 as against Rs 1227.48 crore during the previous quarter ended September 2007

Ashok Leyland net profit declines 16.31% in the September 2008 quarter

Tech Mahindra net profit rises 63.68% in the September 2008 quarter

Wire & Wireless India reports net loss of Rs 25.77 crore in the September 2008 quarter

Manali Petrochemical net profit rises 71.20% in the September 2008 quarter

Hindustan Zinc net profit declines 17.88% in the September 2008 quarterNet profit of Hindustan Zinc declined 17.88% to Rs 959.51 crore in the quarter ended September 2008 as against Rs 1168.46 crore during the previous quarter ended September 2007. Sales declined 12.12% to Rs 1743.84 crore in the quarter ended September 2008 as against Rs 1984.28 crore during the previous quarter ended September 2007

Reliance Natural Resources net profit rises 4.85% in the September 2008 quarterNet profit of Reliance Natural Resources rose 4.85% to Rs 20.10 crore in the quarter ended September 2008 as against Rs 19.17 crore during the previous quarter ended September 2007. Sales rose 183.62% to Rs 33.24 crore in the quarter ended September 2008 as against Rs 11.72 crore during the previous quarter ended September 2007

Steel Authority of India net profit rises 18.20% in the September 2008 quarter

Hero Honda Motors net profit rises 49.90% in the September 2008 quarter

Crompton Greaves net profit rises 24.73% in the September 2008 quarter

Chennai Petroleum Corporation reports net loss of Rs 102.66 crore in the September 2008 quarter

Opto Circuits (India) net profit rises 35.75% in the September 2008 quarter

LIC Housing Finance net profit rises 16.07% in the September 2008 quarter

United Spirits net profit rises 17.06% in the September 2008 quarter

Geodesic net profit rises 124.64% in the September 2008 quarterSales rise 130.49% to Rs 119.37 crore

Jaiprakash Associates net profit rises 96.03% in the September 2008 quarterSales rise 37.12% to Rs 1182.60 crore

Power Finance Q2 Stan net profit at Rs 329.3 cr

Ashok Leyland Q2 Stan net profit at Rs 67.2 cr

Source:ET,Indiaearnings,CapitalMarket,BS,BL etc

Sensex ends 460 pts up as heavyweights post strong gains

Sensex ends 460 pts up as heavyweights post strong gains

The market opened on a high note this morning, shrugged off an early setback and gained in strength as the session progressed thanks to frenzied buying, mostly on short-covering, in several blue chip stocks. If the firm trend in US and Asian markets triggered a positive start, it was the market regulator SEBI's warning to foreign funds against overseas lending and borrowing of Indian stocks for going short in Indian markets that resulted in some hectic buying activity in afternoon trade.


The Apex bank had cut repo rate by 100 basis points yesterday afternoon and the move raised hopes of lower lending rates and buoyed up realty, capital goods, auto and consumer durables stocks today. Corporate results reported today turned out to be fairly good and this also had a positive impact on the sentiment.

The Sensex, which opened with a positive gap of over 200 points at 10,428.11 and raced to a high of 10,750.20 in afternoon trade, ended at 10,683.39 with a handsome gain of 460.30 points or 4.5%. The Nifty settled at 3234.90, around 20 points down from the day's high of 3254.85, with a gain of 112.10 points or 3.59%. The Sensex and Nifty had tumbled to 10,250.23 and 3117.35 respectively in early trade this morning.


BSE CD, the consumer durables index, was the biggest gainer today. It ended the day stronger by nearly 9%. The Realty barometer advanced by 8.32%. The Capital Goods index gained 5.48%.

Besides realty and capital goods stocks, information technology stocks were among the star performers today. BSE IT and Teck closed higher by 6.03% and 4.66% respectively.
Power, oil, metal and FMCG stocks recorded handsome gains. Mirroring their surge, the respective sectoral indices moved up by 3% - 4.5% today. The Bankex closed 2.57% up. PSU stocks bounced back after a setback and pharma stocks edged higher after remaining quite subdued in morning trade. BSE HC and PSU ended up by 1.33% and 1.04% respectively. The Auto index closed with a gain of 1.65%.

Hectic buying was seen at several counters in midcap and smallcap segments as well. While the midcap index advanced by 2.31%, the smallcap index gained a little over 2% today.
The market breadth was positive. Out of 2651 stocks traded on BSE, 1613 stocks closed with gains. 975 stocks posted losses and 63 stocks ended flat.

Among Sensex stocks, only Mahindra & Mahindra (down 2.1%) and Hindalco (down 1.65%) failed to make it to the positive territory today. From the Nifty index, Idea Cellular (down 12.8%) suffered a sharp loss due to weak quarterly results. Sun Pharmaceuticals lost a little over 4%. SAIL ended lower by 2.3%. Cipla lost 1.6% and BPCL, the other loser, eased by 0.7%.
Jaiprakash Associates (up 16.25% to Rs 78.70) spurted on strong quarterly results. Tata Consultancy Services rallied sharply in afternoon trade and finished with a sparkling gain of 12.85%. Reliance Communications vaulted 11.25%. Tata Steel recorded a hefty gain of 10.2%.
Satyam Computer Services (9.85%), Tata Power (9.6%), Sterlite Industries (8.6%), Larsen & Toubro (6.15%) and ACC (6.05%) closed on a high note.

Index heavyweight Reliance Industries posted a smart gain of 5.75%. Wipro firmed up by 5.65%. HDFC, Hindustan Unilever, DLF and Reliance Infrastructure gained 5% - 5.25%.
ICICI Bank and BHEL ended stronger by 4.9% and 4.4% respectively. Infosys Technologies (3.9%) and State Bank of India (3.85%) also finished with impressive gains. Maruti Suzuki, Bharti Airtel, ITC, Tata Motors, Grasim Industries and ONGC moved up by 1% - 3%. HDFC Bank, Ranbaxy Laboratories and NTPC closed with marginal gains.

Siemens, Suzlon Energy, HCL Technologies, Unitech, Reliance Petroleum and Cairn India gained 5.5% - 8.5% today. Reliance Power, ABB, Zee Entertainment and Hero Honda also closed with sharp gains.

Indiabulls Real Estate flared up by 27.65% to Rs 136.90 today. Educomp Solutions shot up by nearly 24%. IDFC vaulted 20.85%. HDIL recorded a hefty gain of 19.15%. Titan Industries (17.4%) spurted on strong results. Praj Industries, Divi's Laboratories, India Infoline, Tech Mahindra, Chambal Fertilizers, BGR Energy, Oracle Financial Services, Asian Paints and Nagarjuna Construction Company also rallied sharply and ended stronger by 9%-14% today.
Ruchi Soya, MindTree, Century Plywoods, Prism Cements, EID Parry, Mahindra Lifespace, Core Projects, State Trading Corporation, Kansai Nero, Jai Balaji Industries, PVP Ventures, Penland and Nava Bharat Ventures were some of the big gainers from the midcap index.

Source:Sify.com

Results:MIC,Akruti,KPIT, Mindtree,Indian Hotel etc

KPIT Cummins Infosystems net profit declines 45.83% in the September 2008 quarter
Sales rise 35.22% to Rs 157.22 crore
Mindtree net profit rises 35.35% in the September 2008 quarterSales rise 39.90% to Rs 254.55 crore
J B Chemicals & Pharamaceuticals net profit rises 37.89% in the September 2008 quarterSales rise 31.31% to Rs 213.08 crore
Aztecsoft net profit declines 79.85% in the September 2008 quarter
KRBL net profit rises 55.09% in the September 2008

MIC Electronics net profit rises 138.21% in the September 2008 quarter
Texmaco net profit rises 59.24% in the September 2008 quarter
Voltamp Transformers net profit rises 47.65% in the September 2008 quarter

Sanghvi Movers net profit rises 72.00% in the September 2008 quarter
Titan Industries net profit rises 88.21% in the September 2008 quarter
Rolta India net profit declines 27.28% in the September 2008 quarter


Source:Capital Market.com

Sensex gains 248 pts as IT stks end on a high, Results

Sensex gains 248 pts; IT stocks end on a high note

The market had some positive triggers today. First, a fairly steady trend on the Asian bourses gave the participants something to cheer about. Information technology, metal and FMCG stocks rallied higher on strong buying support and the Sensex moved past 10,300 in morning trade.
Stockometer
And then, when the market appeared to be losing steam, Reserve Bank of India cut repo rate by 100 basis points to 8%. This time, stocks cutting across sectors vaulted higher and lifted the Sensex past 10,500 to a high of 10,538.05. However, amid high volatility, the Sensex gave up its gains and very nearly slipped into the red in mid afternoon trade before it rallied again on some strong buying in the final hour.
Top gainers
Finally, the BSE barometer ended the session at 10,223.09, up 247.74 points or 2.48% over its previous closing mark. The Nifty, which tumbled into the negative territory to 3058.05 from a high of 3238.40, settled at 3122.80 with a sharp gain of 48.45 points or 1.58%.
Worst losers
IT stocks were the favoured ones today. Mirroring the sharp rise in prices of key stocks in that space, the BSE IT shot up by over 8%. Sector heavyweights Infosys Technologies (up nearly 8%), Tata Consultancy Services (9.5%), Wipro (8.95%) and Satyam Computer Services (8.7%) closed with strong gains.
HDFC Bank (5.95%), ICICI Bank (4.95%), HDFC (5.75%), Bharti Airtel (4.65%), ITC (4.1%), Maruti Suzuki (2.7%), Ranbaxy Laboratories (2.15%), Hindalco (1.95%), Tata Steel (1.75%), State Bank of India (1.45%), Jaiprakash Associates (1.45%), Reliance Industries (1.25%) and NTPC (1.2%) ended on a firm note. ONGC gained around half a per cent. Tata Motors finished with a marginal gain.
BHEL went down by 8.2% to Rs 1096.40 on fears of a fall in revenues to high raw material costs. Grasim Industries lost nearly 8%. DLF ended lower by 6.4%. ACC declined 6.1%. Mahindra & Mahindra eased by 5.35%. Tata Power (down 3.7%) and Reliance Infrastructure (down 1.85%) also declined sharply. Reliance Communications, Hindustan Unilever and Sterlite Industries also ended weak, albeit with less pronounced losses.
Nifty stock HCL Technologies spurted nearly 9%. Sun Pharmaceuticals, SAIL and Tata Communications gained 6.5% - 6.75%. Cairn India and Siemens moved up by around 5.4%. ABB, Reliance Power, Punjab National Bank and Power Grid Corporation also closed on a positive note.
Unitech, Ambuja Cements, Zee Entertainment, Cipla, GAIL India, Reliance Petroleum, Idea Cellular, Suzlon energy and Hero Honda ended with sharp losses today.
United Spirits, the biggest gainer among BSE 'A' Group stocks, ended stronger by 12.9%. Rolta India, Dr Reddy's Laboratories, Reliance Capital, Indian Bank, Pantaloon Retail, IVRCL Infrastructure, RECL, Tech Mahindra, India Bulls Real Estate and MphasiS closed on a high note.
Though not much buying was seen in midcap and smallcap segments, a select few managed to close on a firm note today. FSL, Shaw Wallace, Geodesic, Torrent Pharma, Shree Precoated Steel, SKF India, Nagarjuna Fertilizers & Chemicals, Dishman Pharma, Madras Cements, Bajaj Holdings, MindTree, Gammon India, Asian Star, Nagarjuna Construction Company and Dena Bank were among the prominent gainers in the midcap index.
The market breadth was negative right through the session today. Out of 2616 stocks seen in action on the BSE, 1643 stocks closed in the negative territory. 920 stocks posted gains and 53 stocks ended flat.
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The RBI has cut its key short-term lending rate by 100 basis points
Patel Engg Q2 net up at Rs 43 cr
Petronet LNG Q2 net dips 10% at Rs 103 cr
Gujarat Industries Power to set up two more units
United Phosphorous Q2 net up at Rs 122.04 cr

RBI cuts repo rate by 100 bps to 8 pc
9000 key for Sensex, $700 for gold
Canara Bank Q2 net up at Rs 529.43 cr
Rupee closes at 8-year low against dollar
Idea Cellular PAT dips 45%

Sebi changes tack, says 'options open'; on short sales ban
Indian Hotels Q2 net slides 4.8% to Rs 50.7cr
Provogue (India) net profit rises 14.96% in the September 2008 quarter
Seshasayee Paper & Boards net profit declines 66.98% in the September 2008 quarter
Sunflag Iron & Steel Company net profit rises 100.00% in the September 2008 quarter

Canara Bank net profit rises 31.84% in the September 2008 quarter
Petronet LNG net profit declines 10.51% in the September 2008 quarter
Indian Hotels Co net profit declines 4.85% in the September 2008 quarter
Sterlite Technologies net profit declines 77.70% in the September 2008 quarter
H T Media net profit declines 49.03% in the September 2008 quarter

Idea Cellular net profit declines 31.76% in the September 2008 quarter
Ingersoll-Rand (India) net profit rises 28.22% in the September 2008 quarter
Sanghvi Movers net profit rises 72.00% in the September 2008 quarter
Voltamp Transformers net profit rises 47.65% in the September 2008 quarter
Texmaco net profit rises 59.24% in the September 2008 quarter

The rise and fall of Sensex

The rise and fall of Sensex

Top Non-Sensex Group A Losers since Jan '08 Here's the list of Top Non-Sensex Group A Losers during the Bear Phase from January 10, 2008 to October 17 2008.

Top Non-Sensex Group A Gainers since Feb '06 Here's an insight into the Top Non-Sensex Group A Gainers during the Bull run between February 6, 2006 and January 10, 2008.

Top Sensex Losers since Jan 10, 2008 Going down from 21K to 10K, here's the list of Top Sensex Losers during the Bear Phase from January 10, 2008 to October 17 2008.

Top Sensex Gainers since Feb 2006 Here is an insight into the Top Sensex Gainers during the Bull run between February 6, 2006 and January 10, 2008

Rise, Rise & Fall: 10k-21k and back Sensex took just 191 sessions to return to 10K from a high of 21,207 on Jan 8, 2008.

Top 5 sectors with growth prospects The growth momentum is expected to continue on the back of rising incomes and higher consumer spending.

Does it make sense to invest in gold now? When you can grab more returns with same level of risk in the portfolio, why not invest in the gold.

5 ideal destinations to safely park your money The safest place to bet your hard-earned money is the good old fixed deposit schemes.

Guidelines for investors The banking sector and depositors will not be allowed to suffer by governments the world over.

Liquidity crunch: Bank FDs the safest investment Indian banks are more secure than their Western counterparts, making FDs a safe bet.

Source:ET

Stock, Market Research from ET,BL

Investor's Guide (ET)

Top stories
Banking not a bad investment20 Oct, 2008, 0606 hrs IST, Karan Sehgal
Going by FII actions, it seems that banking is not that bad an investment, the IT sector has not peaked out and pharma is the best defensive bet.

Share buybacks in Asia trump bonds 20 Oct, 2008, 0602 hrs IST
Though bonds offer greater discounts than shares, Asian companies are quickly buying back shares hit by the global financial meltdown, instead of repurchasing debt.

Gail low-risk investment option 20 Oct, 2008, 0552 hrs IST, Ramkrishna Kashelkar
Gail is a low-risk investment option with immediate growth triggers. Its current valuations are attractive for long-term investors.

Where’s The Bottom? 20 Oct, 2008, 0551 hrs IST, Deepak Mohoni
The Bombay Stock Exchange (BSE) Sensitive Index finished 5.25% or 552.5 points lower at the end of a week marked by two strong rallies and three sharp falls.

Fear factor: Stay Safe, Don’t Play 20 Oct, 2008, 0549 hrs IST, Shakti Shankar Patra
Fear is nothing but a measure of the expected volatility, and volatility is one of the most important factors that influence the price of an option contract.

It's a zero sum game 20 Oct, 2008, 0544 hrs IST, Devangi Joshi
Most of the base metals have fallen significantly in the past two months, with prices coming close to their marginal cost of production. There is only limited downside from here onwards.

Bull's Eye: Views on stocks 20 Oct, 2008, 0542 hrs IST

Tata Communications: Largest player in voice communication 20 Oct, 2008, 0528 hrs IST, Santanu Mishra
After the acquisition of VSNL, Tata Communications has transformed itself from a small Indian company to the world’s largest player in voice communication.

Retail sector biggies 20 Oct, 2008, 0528 hrs IST, Supriya Verma
Keeping the festive spirit in mind, this week, ETIG takes a look at retail sector biggies, Pantaloon Retail and Shopper’s Stop.

Some evergreen stocks in bear market 20 Oct, 2008, 0516 hrs IST
There are enough stocks out there which are still giving positive returns since the last bear market. ETIG picks some evergreen stocks.
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Investment World (BusinessLine)

TECHNICAL ANALYSIS: Index OutlookDespite the brouhaha over the Sensex closing below 10000, there are a number of positive takeaways from last week’s proceedings. The regulators appear to have finally identified the cause for the present turmoil and seem to be taking ...

STOCKS: HDFC Bank: BuyInvestors can consider accumulating the HDFC Bank stock with a two-year perspective, given the bank’s resilience in a challenging environment and scope for strong growth in ...

MUTUAL FUNDS: HDFC Top 200 Fund: InvestInvestments can be considered in the units of HDFC Top 200 Fund, considering its good long-term track record and ability to contain losses better than its benchmark during market downturns. The fund has generated returns that have placed it ...

INSIGHT: Why index levels don’t really matterThe unimaginable has happened, with the BSE Sensex closing last week at a four-digit figure. So where is the next ‘support’ for the index? Will it stop at 9700? Or will it head further southwards to 8800? If you are a long-term ...

FOREIGN INSTITUTIONAL INVESTORS: Take note of P-NotesThe restrictions that came as a surprise to many in October last year have now been lifted. Yes, the bar on P-note issues by FIIs was reversed by the Securities and Exchange Board of India (SEBI) early this month. Said to be a move to ...

STOCKS: Suzlon Energy: BuyThe approval of the much-debated renewable energy production tax credit (PTC) by both the US Congress has brought renewed hope for the US wind energy ...

STOCKS: Axis Bank: BuyInvestors with a two-year investment horizon can consider buying the stock of Axis Bank. The bank’s performance has so far allayed fears about an earnings slowdown due to the ongoing global turmoil, high interest rates and ...

STOCKS: Redington India: BuyInvestors willing to bet on the strong domestic and Middle-East’s IT (hardware and software) adoption story can consider buying the shares of Redington India, a hardware, software products and digital products distributor. At Rs 192, ...

Reliance Infra (October 19, 2008)
Index Outlook (October 19, 2008)
Query Corner: What the charts say (October 19, 2008)
Reliance Ind (October 19, 2008)
SBI (October 19, 2008)
Tata Steel (October 19, 2008)
Infosys (October 19, 2008)
Maruti Suzuki

DERIVATIVES MARKETS: Nifty future may see a relief rallyThe bear onslaught, which became prominent in the second half of the week, spoiled the positive mood with which the market began on Monday. Both Nifty and Nifty futures breached their important technical supports during Friday’s ...

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Source:ET,BL.

Article on The global financial crisis:BT

Cover Story
The global financial crisis
Puja Mehra
The green signal for a $700-billion bailout of US banks wasn’t enough to turn the tide in global financial markets. Even six of the world’s central banks coming together to release hundreds of billions into the system couldn’t stem the panic. It has to get worse before it gets better. Puja Mehra reports.
So, where is the money?
Bear hug / Sense of rumour
----------------------------------------------------
Editor's note
From the editor
Rohit Saran
Our primary task was to understand the magnitude of the crisis and give you the most updated assessment of its impact on India. The cover stories (divided into eight small and easy-to-read features) attempts to do exactly this. The spread of our offering ranges from a country-by-country assessment of the financial crisis to the diagnosis and prognosis of the liquidity shortage (including stock market) and a small pointer to the opportunities the crisis has opened up for Indian companies.

Top Mind
Now, get paid to receive SMSes
What is it? A free SMS service from YouMint, started by Ankush Johar, who claims to have pioneered the concept in 2002. Since then, Johar has moved to England and YouMint is his third entrepreneurial venture in the telecom space.

Current
Savvy investor
Rahul Sachitanand
Wipro chief Azim Premji is quietly picking up stakes in companies with strong business models.
Khattar’s second innings
Modi hosts India Inc.
TCS rides to the Citi
Divided we stand
IBM’s discovery of India
Another airport expansion
Opera’s challenge

Noted
Ranked
SBI, which has assets of over Rs 7 lakh crore, 57th in the list of the world’s Top 1,000 banks this year, by the UKbased banking publication The Banker. SBI was ranked 70th last year.

Special
Giants on the prowl
Rahul Sachitanand & Kushan Mitra
Foreign information technology giants aren't just dominating the domestic market, they're opening up new segments and setting the agenda for some categories.
Re-inventing Indian IT
BPO 2.0
Beyond the obvious

Trends
Just wondering...
What happened to Dilip Chhabria’s plans of launching a made-in-India sports car? Well, the plan is on track.
The gap Is growing
New launches
“We will dominate the Indian market”
The big fall
Tugging at your heart strings
Instan tip
Now, get paid to receive SMSes
Numbers of note
Ranked
Now, shop online for loans
The 6 most over-hyped gadgets
Out in the open
Economy watch
Talebearer
How times have changed
Reprieve for ad industry
India slips on competitiveness
To be precise
Liberal ECB norms on the cards

Money
The slowdown-proof stocks
Rishi Joshi
It's bad out there and it could get worse. With the stock markets in a tailspin, long-term investors can profit by buying into companies that can beat the slowdown in the coming months.
Avoid your own financial crisis
On the right track
Back in business
Fix it right

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Numbers of note
October 13, 2008

175-plus: The number of channels offered by telecom operator Bharti Airtel’s just launched direct to-home (DTH) satellite television service

1,000: The number of jobs eBay, the world’s largest online marketplace, will slash globally. The figure is equivalent to 10 per cent of its global workforce

Rs 6,800 crore The cumulative operational losses that Indian airlines are expected to suffer in 2008. The global aviation industry is expected to lose $4.1 billion (Rs 19,680 crore)

$8.8 billion (Rs 42,240 crore) The amount of money FIIs have pulled out of the Indian stock markets till the end of September 2008

$42 billion (Rs 2,01,600 crore) The value of investments in US subprime mortgages that investment bank UBS had to write off, the highest by any bank in Europe.

Source: http://businesstoday.digitaltoday.in