Nifty posts biggest percentage gain in FnO series ever

SAIL Q4 net dips 37 pc at Rs 1,486 cr

NEW DELHI: State-run Steel Authority of India Ltd (SAIL) reported a 37 per cent fall in its net profit at Rs 1,486.68 crore during the fourth quarter ended March 31. The company had a net profit of Rs 2,376.76 crore in the January-March quarter a year earlier, SAIL said in a filing to the Bombay Stock Exchange. Total income of the company fell to Rs 12,590.12 crore during the Q4 of FY'09 from Rs 13,856.95 crore in the corresponding quarter a year ago, it said. For the financial year ended March 31, 2009, the steel producer posted a net profit of Rs 6,174.81 crore, registering a fall of 18 per cent compared to Rs 7,536.78 crore in FY'08. However, total income of SAIL rose to Rs 46,110.75 crore during the 2008-09 fiscal from Rs 41,518.74 crore in FY'08.

Mahindra Q4 net up 89 pc; beats forecasts

MUMBAI: Mahindra & Mahindra Ltd, top utility vehicles and tractor maker, on Thursday beat expectations with near-doubling in quarterly net profit.

Mahindra, which aims to enter the US market with a pick-up truck and sport utility vehicle early next year, said net profit rose to Rs 418 crore ($87.6 million) in the fiscal fourth quarter ended March from Rs 221 crore a year ago. That compared with a forecast of Rs 197 crore in a poll. Net sales rose to Rs 3,619 crore from Rs 3,148 crore, and were also above a forecast of Rs 3,401 crore. Shares in Mahindra, valued at $3.6 billion, had risen 39.4 per cent in the March quarter while the main index rose 0.6 per cent.

• BHEL Q4 net profit up 22 pc at Rs 1,347.47 cr

• L&T Q4 net up despite Satyam provision

• SAIL Q4 net dips 37 pc at Rs 1,486 cr
• Britannia FY'09 net dips 14 pc to Rs 151 cr

• Mahindra Q4 net up 89 pc; beats forecasts

• Tata Chem FY'09 Net at Rs 964 cr, declares 90% dividend

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Nifty posts biggest percentage gain in F&O series ever

he benchmark indices ended the last day of May series on a positive note. This rally was led by shares of capital goods, metal, banking, oil & gas exploration and select power companies. Good results from L&T and M&M were also supportive for the markets.

This series was a magnificent series for the markets; in this series the Nifty posted the biggest percentage gain ever. Both the equity benchmarks surged 25% each in this series. Among the sectors, Realty, Metal, Bank and Capital Goods indices were the highest percentage gainers, went up 43.5%-68%.

Index	April	May	Gain (%)
Realty	2130.41	3577.94	67.95
Metal	6885.81	10549.95	53.21
Smallcap	3940.9	5811.69	47.47
Capital Goods	7908.75	11448.72	44.76
Bankex	5685.22	8162.73	43.58
Midcap	3513.86	4935.56	40.46
Power	2112.76	2824.23	33.67
CNX Defty	2401.85	3151.35	31.21
Auto	3498.24	4458.66	27.45
Sensex	11403.25	14296.01	25.37
Nifty	3473.95	4337.1	24.85
Oil & Gas	8132.62	10085.87	24.02
Healthcare	3067.98	3483.16	13.53
IT	2663.35	2928.15	9.94
FMCG	2095	2091.42	-0.17

In May series, Reliance Infrastructure, Kotak Mahindra Bank and India Infoline shot up over 80%. Reliance Capital, Ranbaxy Labs, Unitech, Indiabulls Real Estate and DLF gained 60-75%. Tata Steel, Hindalco, JSW Steel, SAIL, L&T, ICICI Bank, SBI and Suzlon went up 40-60%. However, Tata Communication was down around 10% and Cipla fell around 7%. ITC and HUL were the other losers.

Ambareesh Baliga of Karvy Stock Broking said, "The Nifty should be in broad range of 3,800-3,900 to around 4,500 in the June series." He said, "We could see a correction which could take it to the levels of 4,000-4,100 initially and possibly post that we could see levels of around 3,800-4,000, that should be a good level to again start buying."

The 50-share NSE Nifty crossed the 4350 level during the day. It closed at 4337.10, up 1.43% or 61.05 points over previous close. The 30-share BSE Sensex closed 186.37 points or 1.32% higher at 14,296.01.

Company	April	May	Gain (%)
Reliance Infra	695.2	1288.2	85.30
DLF	230.9	365.5	58.29
Ranbaxy Labs	165.95	261.85	57.79
Tata Steel	238.05	373.25	56.79
Hindalco	53.85	81.55	51.44
L&T	879.55	1311.4	49.10
ICICI Bank	477.75	710.55	48.73
Sterlite Ind	409.05	591.15	44.52
Tata Motors	242.35	343.55	41.76
Reliance Comm	214.95	304.1	41.47
SBI	1277.7	1790.55	40.14

L&T was up 2.32%, as the company's Q4 net profit rose 3.23% to Rs 998 crore and net sales went up 23.99% to Rs 10,608.2 crore. Its Operating profit margin (OPM) also improved to 15% versus 13.9%.

Commenting on the today's results, Baliga said that M&M and Larsen had clearly surprised the markets with their earnings. They were quite good.

Largest steel company in the public sector, SAIL reported 10.55% decline in Q4 sales at Rs 12,057.79 crore and 37.5% decline in net profit at Rs 1,486.68 crore. Its OPM was also down 7.31% at 17.49% versus 24.8%. However, the stock gained 6.58% despite weak numbers.

Among the frontliners, Ranbaxy Labs, Sterlite, Bharti Airtel, NTPC, Tata Steel, SAIL and Siemens were top gainers, gained 2.7-6.6%. However, Tata Motors, Grasim, Wipro, Reliance Communication, Reliance Infrastructure, Tata Communication and Hero Honda were top losers, lost 1.3-4.6%.

Inflation for the week-ended May 16 remained unchanged at 0.61% week-on-week (WoW). The Wholesale Price Index (WPI) for all commodities was up 0.1% at 232.2 WoW. Inflation for week-ended March 21 has been revised to 0.84% as against the provisional figure of 0.31%.

Commenting on the numbers, Abheek Baruah, Chief Economist, HDFC Bank said he expected inflation to be in the negative territory this June.

Sectoral indices

BSE Midcap
Name	April	May	Gain (%)
JM Financial	22.45	50.65	125.61
Simplex Infra	177.95	384.05	115.82
Patel Engg	169.85	366.25	115.63
Aban Offshore	407.35	876.15	115.09
Future Capital	126.05	267.3	112.06
BSE Smallcap
Name	April	May	Gain (%)
Unity Infra	110.4	276.4	150.36
United Breweries	94.85	228.65	141.06
Hinduja Global	123.6	290	134.63
Action Construction	15.71	36.55	132.65
BL Kashyap	165.35	378.55	128.94

The BSE Metal Index surged 283.16 points or 2.76%, to 10,549.95, as SAIL, JSW Steel, Sterlite and Tata Steel were up 2.8-6.6%.

Buying was also seen in the banking space, Kotak Mahindra, ICICI Bank, SBI and HDFC Bank went up 2-3.5%. The BSE Bankex rose 1.81% or 145.43 points, to 8,162.73.

In the capital goods space, ABB, Siemens, L&T, Punj Lloyd and BHEL were up 1.9-3.5%. Respective Index gained 196.26 points or 1.74% at 11,448.72.

Among the realty stocks, Indiabulls Real shot up 10.56%. Puravankara Projects was up 4.96% and DLF gained 1.78%. Respective Index closed 1.74% or 61.17 points higher at 3,577.94. However, Unitech lost around 1%.

Power stocks also charged up; GVK Power, NTPC, Power Grid Corp, Suzlon Energy, Tata Power and Reliance Power went up 0.9-3.5%. The BSE Power Index rose 1.28% or 35.73 points, to 2,824.23.

Oil & Gas stocks like ONGC, Reliance Industries and Reliance Petroleum gained 1.4-2%, which helped the respective Index to gain 114.52 points or 1.15% at 10,085.87. However, BPCL fell 2.31%. IOC, Cairn India and HPCL fell 0.5-0.9%.

In the telecom pack, Bharti Airtel surged 3.42%. However, Tata Communication, MTNL, Tata Teleservices and Reliance Communication were down 1-4.7%.

There was a mixed trend in auto space, though the BSE Auto was up 0.60% or 26.44 points, to 4,458.66. Bharat Forge, Maruti Suzuki and M&M gained 2-6.5% while Tata Motors, Hero Honda, Amtek Auto and Ashok Leyland declined 1-3%.

Another company, Mahindra and Mahindra declared its fourth quarter results. The company's standalone net profit was at Rs 418.1 crore versus Rs 221.1 crore on YoY basis. Its standalone net sales were at Rs 3619.2 crore versus Rs 3148.2 crore. The stock was up over 2%.

Among other indices, BSE FMCG, IT and Healthcare indices were down just 0.2-0.4%, to close at 2,091.42, 2,928.15 and 3,483.16, respectively.

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Sensex may hit 19,500 this year: Experts

Sensex may hit 19,500 this year: Experts

Driven by the election outcome, the benchmark index Sensex could catapult to 19,500 level this year, provided the government pushes through the reform agenda, analysts said.

Market experts believe that the reforms expected to be carried out by the new government may keep the market sentiment upbeat and propel the index to regain the levels, it had seen in 2007, in the months ahead.

"Our upside target for the Sensex is 19,500 this year which the index may climb if the government surprises us with a phenomenal budget," Morgan Stanley managing director Ridham Desai said in an investor summit arranged by television channel CNBC TV 18.

Text: PTI

However, more probability for the index is to remain in mid-15,000 levels or about 10 per cent higher than current levels, he said.

The financial sector reforms which are there before the government include raising FDI cap from present level of 26 per cent from 49 per cent through amendment in Insurance Act, pension reform and banking sector reforms.

Echoing similar view Reliance Capital Asset Management equities head Madhusudan Kela, 19,500 levels were possible this year but would depend if the government aggressively carries out the expected reforms.

Image: Congress Party chief Sonia Gandhi holds a bouquet presented by India's Prime Minister Manmohan Singh in New Delhi.
Photograph: Adnan Abidi/Reuters

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Sensex may hit 19,500 this year: Experts

Meanwhile, if the global market turn downwards and the government fails terribly to keep up public expectations, the index may see a level of 8,500 on the downside, Desai added.

Further, if the S&P 500 index falls below the 666 points level then the domestic stock indices may give in to pressure and plunge into negative territory, analysts said.

The benchmark index Sensex has climbed around 40 per cent to 13,800 levels, so far, this financial year.

Besides, foreign institutional investors have also turned bullish on Indian equity markets and have made net investments to the tune of Rs 14,586 crore (around $3 billion) in May so far.

Sensex may hit 19,500 this year: Experts

According to Ramesh Damani, member BSE, financial sector reforms as well as disinvestment should take place as it will be good for the sector and the economy as a whole.

The coming Budget should give some signal as far as reforms are concerned, Damani said.

Last year, the government tabled the Insurance Reforms Bill in the Rajya Sabha aimed at increasing the cap on foreign investment in private companies in the sector from 26 per cent to 49 per cent.

Source: http://business.rediff.com/slide-show/2009/may/26/slide-show-1-sensex-may-hit-19500-this-year.htm

What UPA left behind for itself to take forward

What UPA left behind for itself to take forward 11:13

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ET Bureau The new government that takes office later this week has its task cut out. Growth has slackened from a peak of 9.7% experienced in 2006-07. In the current fiscal, we can at best hope for 6% growth, unless the government acts with a sense of urgency in its first few months in office to remedy the situation. We need another reform stimulus, not just another fiscal stimulus. Reforms that were stuck for want of consensus in the government’s previous term must be pushed through. Here’s a look at some of the economy’s vital statistics, as the new government takes charge.

GDP growth

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Inflation 11:12

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Industrial growth 11:12

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Trade winds 11:11

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Tax collections 11:11

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More Stats@

http://economictimes.indiatimes.com/articleshowpics/4545617.cms




Other articles:
Invest based on fundamentals

Markets are bound to test your patience both when they move up or down but you can make money when you stick to your conviction.

• SIP route for small investors | How to review MF investments?
• Managing loan repayment | Interest rate movements?

Source: Economic TImes.com

India's Top 20 Web 2.0 websites

Check out India's Top 20 Web 2.0 websites

Here's a listing of the Top 25 Web 2.0 Indian websites identified by Dataquest magazine. The list, prepared by Dataquest, with help of Indianweb2.com, that tracks Indian start-ups in the technology space in general and web 2.0 space in particular, is a mix of social networking sites, tool makers, rating sites, and creators of close-knit online communities and collaborative mobile applications.

Apna Circle (www.apnacircle.com): A niche social networking site focused on careers

AuthorStream (www.authorstream.com): Focused on user generated content. Users can share online presentations and slideshows

BharatStudent (www.bharatstudent.com): A networking platform addressing education and career related issues of students

BigAdda (www.bigadda.com): A broad-based social networking site on the lines of Facebook and Orkut, offering everything to everyone

Burrp TV (www.burrp.com): Focused on local information from TV channels to restaurants based on user generated content and user ratings

Commonfloor (www.commonfloor.com): An online community of housing societies and apartments owners and residents popular with several large builders

DesiMartini (www.desimartini.com): A broad-based social networking site for Indians across the globe.

Fropper (www.fropper.com): India's most well-known dating site with abundant social networking features

Ibibo (www.ibibo.com): A platform to showcase talent and connect with people with similar interests

More @ Check out India's Top 20 Web 2.0 websites

Source:ET

Check out the top 30 stocks at 12000 on BSE

Check out the top 30 stocks at 12,000 on BSE

30 stocks @ 12K


If you had invested Rs 1L in any of these stocks on March 9, 2009, when sensex was at 8K, you would have made good returns.

Here are the top 30 stocks @ 12K on BSE:

Jaiprakash Associates Ltd


May 4 2009: 147

March 9 2009: 66

Per centage change: 124

Your Rs 1L would now be worth: 2,23,610

ICICI Bank Ltd
11:45

May 4 2009: 529

March 9 2009: 263

Per centage change: 101

Your Rs 1L would now be worth: 2,01,190

Sterlite Industries India Ltd

May 4 2009: 477

March 9 2009: 244

Per centage change: 95

Your Rs 1L would now be worth: 1,95,050



More @ Check out the top 30 stocks at 12,000 on BSE


Source:Economic Times

Sensex at 1,00,000 points? Possible by 2025: Technical charts

Sensex at 1,00,000 points? Possible by 2025: Technical charts

NEW DELHI: It may sound utopian in the backdrop of months-long downslide on bourses, but a US-based equity research group sees India's benchmark index Sensex scaling a milestone of 1,00,000 points within next 15 years. This would mean an unimaginable rally of over 10-times from the level seen just a few days ago, when Sensex was toiling below 10,000-point mark after a meltdown that began more than a year ago. The Sensex had more than halved to trade below 8,000-point mark in October last year after scaling a record high of over 21,000 points on January 10, 2008. Unperturbed by the sharp fall, US-based global equity research group Elliott Wave International, which specialises in analysis of technical charts of stock movements, believes that the recent surge in Indian market is the beginning of a long-running bull cycle that could continue for 15 years. The recent upsurge began on March 9 and the Sensex has gained over 2,500 points or by more than 30 per cent. "If the price and time proportions between the waves in the 2003-2008 rally continue, the Sensex should hit 100,000 in about 15 years," research group's Asia-Pacific Financial Forecast editor Mark Galasiewski told PTI over phone. In its report for Asia-Pacific markets, based on analysis of technical charts, Elliottt Wave has said there were strong indications of "a resumption of the bull market in Indian stocks". Extending its previous analysis in November last year, when it had said the Sensex might continue advancing for 15 years before the end of another bull run, Elliott Wave said the market seemed to have completed its most recent downward spiral in October 2008. The Indian stock market benchmark Sensex had scaled an all-time high of 21,206.77 points on January 10, 2008 before embarking on a downward journey, wherein it touched a low of 7,697.39 points on October 27. According to the Elliot Wave's April forecast report, the Sensex has declined in three waves to the October low, where it retraced approximately 50 per cent of its 2003-08 rally on a percentage basis. The index has just broken out of its downward trend channel and the patterns seen recently and during the 2003-04 period "are the best argument for a resumption of the bull market in Indian stocks," it added. Naming India among the "potential baby bulls" of the region, alongside Taiwan and Korea, Elliott Wave had said the completion of three waves of fall from their respective highs had made them "strong candidates to rally back to at least near their all-time highs -- if not beyond". Elliottt Wave has also classified Japan, Singapore, Hong Kong, China and Australia as long-term bear markets, while the "potential baby bulls" have been described as those which investors should consider for long-term investments. The report further noted that India had experienced long- running bearish phase in the past, indicating that the next bull-run could continue beyond its most recent all-time high levels. Until the early 2000s, the long bear market in India lasted for 11 years (1992-2003). "The five-wave pattern from 2003-08 is a road map to the future. Elliott waves progress in five waves and correct in three waves," research group's Asia-Pacific Financial Forecast editor Mark Galasiewski said.