Black Friday on Global Financial Markets

BSE 30-share Sensex was down 222.92 points or 1.32% to 16,632.01. The Sensex opened 136.13 points lower at 16,718.80, also its day's high. It lost 644.49 points at the day's low of 16,210.44 in afternoon trade. The Sensex oscillated 508.36 points during the day.

S&P CNX Nifty was down 63.80 points or 1.27% to 4941.75. Nifty December 2009 futures were at 4953, at a premium of 11.25 points. It hit a low of 4806.70 in intraday trade. Turnover in NSE's futures & options (F&O) segment shrank to Rs 96075.18 crore.

BSE Mid-Cap index fell 1.35% and the BSE Small-cap index fell 2.14%. Both the indices underperformed the Sensex.

BSE Bankex (down 1.41%), the BSE IT index (down 2.20%), the BSE Capital Goods index (down 1.82%), underperformed the Sensex.

BSE Consumer Durables index (down 0.35%), BSE Realty index (down 0.55%), BSE Oil & Gas index (down 1.06%), BSE PSU index (down 1.22%), BSE FMCG index (down 1.20%), BSE Healthcare index (up 0.08%), BSE Teck index (down 1.63%), BSE Metal index (down 1.30%), BSE Power index (down 0.73%), BSE Auto index (down 0.41%), outperformed the Sensex.

Thanks to the $ 80 Billion debt concerns of Dubai nuked the world's financial markets. Indian Stock Market also got hit hard initially in the early trading. However, it staged a strong comeback in second half of the day's trading session. A recovery in European stocks from an initial slide and news that China has pledged to stick with a pro-growth stance in 2010, aided the recovery.

Market Breadth:
Positive 796 Negative 2029 Unchanged 53
From the 30 share Sensex pack, 25 fell and rest rose.

Note:
Amidst the highly intraday volatility, our paid members made moolah both ways. We shorted Nifty Future and bought Nifty 5000 Put at market open. Then at 12:30 pm, we did a lot of cherry picking. Come join our paid service and get immuned to these kind of financial debacles.

Do not forget to read our weekly analysis over the weekend, both for the previous and the week ahead.

MBL Infrastructure IPO Analysis

Incorporated in 1995, MBL Infrastructures Ltd. (MBL) is engaged in the construction and maintenance of roads & highways, industrial infrastructure projects and other civil engineering projects. MBL is also engaged in steel trading and waste management (ferrous scrap and slag recycling).

Objects of the Issue
1) Investment in capital equipments
2) Funding working capital requirements

IPO Grading / Rating
ICRA has assigned an IPO Grade 2 to MBL’s IPO indicating below average fundamentals. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

Highlights
1) The current back log of Rs 612.46 Cr is 1.7 times of the company’s construction business in FY09, thereby, providing revenue visibility. Further, the order book is geographically well diversified with 31% of orders in Delhi & Haryana, 27% in Bihar, 18% in MP and 12% in Assam.
2) Over the years, the company has demonstrated its ability to execute projects without any significant time and cost over run which has resulted in building a favorable reputation among its clients.
3) With an increase in the scale of operations, higher economies of scale and increase in profits, RONW has increased from 23.85% in FY07 to 27.61% in FY09.

Valuation
Book-value per share as on June 30, 2009 is Rs 83.95. Price by Book-value of the company at the lower price band is1.97x and at higher price band it is 2.14x.

Issue Open: Nov 27, 2009 - Dec 01, 2009
Issue Size: 5,700,000 Equity Shares of Rs. 10
Issue Amount: Rs. 94.05 - 102.60 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 165 - Rs. 180 Per Equity Share
Market Lot: 35 Shares
Minimum Order Quantity: 35 Shares
Listing At: BSE, NSE

For our analysis, visit our IPO Center

Market tumbled like a pack of cards

BSE 30-share Sensex lost 344.02 points or 2% to 16,854.93. The Sensex opened almost unchanged at 17,199.05. It lost 390.08 points at the day's low of 16,808.87 in mid-afternoon trade. It rose 3.56 points at the day's high of 17,202.51 in early trade. BSE clocked a turnover of Rs 4487 crore

S&P CNX Nifty was down 102.60 points or 2.01% to 5,005.55. It hit a low of 4,986.05 in intraday trade. Turnover in NSE's futures & options (F&O) segment spurted to Rs 1,37,130.38 crore

BSE Mid-Cap index fell 1.45% and the BSE Small-cap index fell 0.98%. Both the indices outperformed the Sensex.

BSE Oil & Gas index (down 2.30%), the BSE Bankex (down 2.64%), the BSE Realty index (down 2.11%), the BSE Consumer Durables index (down 2.24%), underperformed the Sensex.

BSE Capital Goods index (down 1.05%), the BSE PSU index (down 1.34%), the BSE FMCG index (down 1.45%), the BSE Healthcare index (down 0.34%), the BSE Teck index (down 1.49%), the BSE Metal index (down 1.83%), the BSE Power index (down 1.29%), the BSE Auto index (down 1.54%), the BSE IT index (down 1.97%) outperformed the Sensex.

 

Indian Stock Market today witnessed sharp losses amid highly volatile trading session due to Derivatives expiry and weak global markets. Even though our market did cut losses initially but the recovery short lived. Turnover was record high but unfortunately market tumbled like a pack of cards.

Market Breadth:

Positive 905 Negative 1910 Unchanged 72

From the 30 share Sensex pack, 25 fell and rest rose.

Free Tip Stock Option

Every now and then VJonDalalStreet posts free tips for the benefit of investors/traders.

 

You can check some of our old free tips. We suggest you to at least monitor our free tips to understand more about our paid service. You can always ask for full one day trial as well.

 

Make money from this free call and then join our our Paid service for just Rs 13 per day. We have three Packages

• Yearly - Rs 4800 (Rs 13 per day)
• Half Yearly - Rs 3000
• Quarterly - Rs 2000

Every trading day, we provide pre-market All in One sms and email alerts for

• 1- Intraday Nifty Future
• 1- Stock/Nifty Options(weekly or till expiry)
• 2-4 Intraday Cash Calls
• 2-4 Delivery Calls (time from 1 week to 2 months)

We have an accuracy of 100% in delivery calls and 90% in all others. You can check our past performance.

Futures Performance

Options Performance

Equity Performance

 

Buy Balrampur Chini 140 Call between 5-6 target 9/10/11++ Hold till target achieved. No Stop Loss needed.

 

Please read our disclaimer

Potential Liquidity crunch pulled the Sensex down

BSE 30-share Sensex rose 67.87 points or 0.4% to 17198.95. Sensex rose 159.40 points at the day's high of 17290.48, in afternoon trade. The Sensex fell 6.93 points at the day's low of 17,124.15 in early trade. BSE clocked a turnover of Rs 4742 crore.

 

S&P CNX Nifty rose 17.60 points or 0.35% to 5,108.15. Nifty November 2009 futures were at 5,112.20, at a premium of 4.05 points. Turnover in NSE's futures & options (F&O) segment rose to Rs 91,235.90 crore. It hit a high of 5,138.

 

BSE Mid-Cap index fell 0.12% and the BSE Small-cap index fell 0.16%. Both the indices underperformed the Sensex.

 

BSE FMCG index (up 1.44%),the BSE Oil & Gas index (up 1.09%), the BSE PSU index (up 0.7%), the BSE Bankex (up 0.51%), the BSE Capital Goods index (up 0.5%) outperformed the Sensex.

 

BSE Realty index (down 2.93%), the BSE Healthcare index (down 0.49%), the BSE Consumer Durables index (down 0.12%), the BSE Teck index (down 0.03%), the BSE Metal index (up 0.03%), the BSE Power index (up 0.07%), the BSE Auto index (up 0.37%), the BSE IT index (up 0.16%) underperformed the Sensex.

 

Indian government along with the public listed companies could suck in capital worth $170 Billion in the next three years leading to liquidity crunch in the secondary market, pulled the market down from its one month high. Market would remain volatile on Thursday. It being the expiry day for November Derivatives series.

 

Market Breadth:

Positive 1290 Negative 1486 Unchanged 74

From the 30 share Sensex pack, 17 rose and rest fell.

DSP BlackRock World Mining Fund

DSP Black Rock World Mining Fund’s primary objective is to seek capital appreciation by investing in the units of BlackRock Global Funds - World Mining Fund (BGF-WMF).They may also invest in the units of other similar overseas mutual fund schemes. Besides this, they would invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP BlackRock Mutual Fund.

 

Fund Type: Open-End Fund of Fund Scheme
NFO Opens: November 23, 2009
NFO Closes: December 18, 2009
NFO Price: Rs 10 per unit

Options: Regular & Institutional Plan - Growth and Dividend (Payout and Re-Investment)

 

Min Application Retail Amount: Rs 5,000 and in multiples of Re 1

Min Application Institutional Amount: Rs 5 crore and in multiples of Re 1
Min Additional Purchase Amount: Rs 1000 and in multiples of Re 1

SIP Investment: Available at minimum SIP instalment of Rs 1,000 and in multiples of Re 1 thereafter

 

Load Structure (During NFO):
Entry Load: Nil
Exit Load: 1 per cent if units are redeemed/switched within 1 year from date of allotment

Benchmark: HSBC Global Mining (cap) Index

For our analysis, please visit our Mutual Fund Center

Volatility was the order of the day

The BSE 30-share Sensex fell 49.10 points or 0.29% to 17131.08. The Sensex opened with an upward gap of 50.68 points at 17230.86. The Sensex fell 152.66 points at the day's low of 17,027.52 in early afternoon trade. BSE clocked a turnover of Rs 4636 crore

The S&P CNX Nifty fell 13 points or 0.25% to 5,090.55. It hit a high of 5,112.85. Nifty November 2009 futures were at 5,073, at a discount of 17.55 points as compared to spot closing of 5,090.55. Turnover in NSE's futures & options (F&O) segment was Rs 91101.55 crore

BSE Mid-Cap index rose 0.23% and the BSE Small-cap index rose 0.36%. Both the indices outperformed the Sensex.

The BSE Auto index (up 1.45%), the BSE Consumer Durables index (up 1.4%), the BSE Teck index (up 0.71%), the BSE IT index (up 0.5%), the BSE Healthcare index (up 0.25%), the BSE Capital Goods index (down 0.01%) outperformed the Sensex.

The BSE FMCG index (down 0.92%), the BSE Metal index (down 0.81%), the BSE Oil & Gas index (down 0.79%), the BSE Power index (down 0.69%), the BSE Realty index (down 0.6%), the BSE PSU index (down 0.52%), the BSE Bankex (down 0.44%), underperformed the Sensex.

Volatility was the order of the day as the key benchmark indices swung between positive and negative zone. Market snapped last two days' gains as a sharp slide in Chinese stocks and weak European markets weighed on investor sentiment. Investors resorted to profit taking after a recent strong rally which saw indices touch one-month highs. The market slipped into the red after opening with an upward gap as Asian stocks fell. The market cut losses in mid-morning trade. However, the intraday recovery proved short-lived. The market slumped in early afternoon trade. The market cut losses later. The market weakened again in late trade after moving between positive and negative zone in mid-afternoon trade.

Market Breadth:

Positive 1370 Negative 1371 Unchanged 87

From the 30 share Sensex pack, 17 fell and rest rose.

Fidelity India Value Fund: Shall we?

Fidelity India Value Fund is an open ended equity growth scheme. The objective of the fund is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, in the Indian markets with higher focus on undervalued securities. The scheme could also additionally invest in Foreign Securities in international markets.

 

Fund Type: Open-end equity growth scheme
NFO Opens: November 16, 2009
NFO Closes: December 15, 2009

 

Plan / Options: Growth and Dividend option
Minimum Application Amount: Rs 5,000
SIP Investment: Minimum of Rs 500 in six installments
Minimum Additional Application / Redemption: Rs 1,000

 

Load Structure

Entry:  Nil

Exit : One per cent for redemptions within 1 year

 

Annual Recurring Expense (maximum): 2.50 per cent per annum (including investment management fee of 1.25 per cent

Benchmark: BSE - 200 Index

For our analysis, please visit our Mutual Fund Center

Axis Equity Mutual Fund: Go - No Go

Fund Type: Open-End Growth Scheme
NFO Opens: November 11, 2009
NFO Closes: December 08, 2009
NFO Price: Rs 10 per unit

Options: Growth and Dividend (payout and reinvestment)
Minimum Application Amount: Rs 5,000 and in multiples of Re 1
Minimum Additional Purchase Amount: Rs 100 and in multiples of Re 1

SIP Investment: Available at minimum SIP installment of Rs 1,000 and in multiples of Re 1 thereafter; minimum number of SIP installments is 36 i.e. 3 years

 

Load Structure (During NFO):
Entry Load: Nil
Exit Load: 1 per cent if units are redeemed/switched within 1 year from date of allotment

Annual Recurring Expense (maximum): 2.50 per cent (including Investment Management fee of 1.25 per cent).

 

Minimum Target Amount: Rs 1 cr
Benchmark: S&P CNX Nifty

For our analysis, please visit our Mutual Fund Center

Expect Volatility with positive bias

Equities may remain volatile in the coming week as traders rollover positions in the derivative segment from November series to December series ahead of the expiry on Thursday, 26 November.

 

An ongoing recovery in the economy may support share prices. Industrial output grew 9.1% in September 2009 from a year earlier, helped by stimulus and festival demand. Also Finance minister said that stimulus packages are unlikely to be withdrawn in the current financial year.

 

RBI revised downwards India's gross domestic product projection to 6% for 2009/10 from 6.5%. OECD raised India's 2010 GDP

Read more »

Cox & Kings IPO subscribed 6.31 times

Cox and Kings (India) IPO was subscribed 6.31 times on the final day of offer on Friday.

 

The issue received bids for 9.9 crore shares against the 1.8 crore shares on offer. The price band for the issue was fixed at Rs 316 to 330. The company aims to raise up to 610 crore through the IPO.

 

The portion reserved for the qualified institutional buyers was subscribed 9.9 times and the non-institutional portion was subscribed 10.6 times.

 

The retail portion was subscribed 0.9 times only. It seems that the retail investors missed a great opportunity.

December seems Promising

Markets will exhibit extreme volatility as we enter into the expiry week; but F&O indication suggest extreme bullishness with fresh long build-up in the December series so early.

Aggressive short covering in the November series nifty and stock future during the beginning of the current week resulted in excellent start for the underlying during the beginning of the current week. However as the week progressed, there was visible activity in the December series index and stock futures. Fresh short built-up was witnessed in the nifty future as well as some of the stock futures early. Besides there were aggressive call writing of 5000 and 5100 strikes November call on the previous two days. The market opened the week with no major domestic or international triggers besides the international market activity. Thus the movement was expected to be horizontal as was witnessed during the past 4 days.

 

However on Friday sighting firm opening by the European market the domestic index surged higher to recover the days loses and post higher. Finally the S&P Nifty

Read more »

Free Tip Profit Rs 1900 per lot

Our Free Tip Nifty Options given on 17th Nov moved from 50 to 88 in just 2 days

Points gained per Nifty 5000 Put Lot is 88-50 = 38

Amount per lot = (Lot size) 50 * 38 (Nifty Points) = Rs 1900

 

Subscription charge Rs 2000 only per Quarter (3 months)

Join now for free as you have made profit worth our fees :-)

 

VJonDalalStreet

Bus Naam hi Kaafi hain…

Cox & Kings IPO opens today

One can apply into Cox & Kings IPO at the price of Rs 330 for both listing(10% to 15% gain) and medium to long term (25 o 30% gain). For details, visit our IPO center

Free Tip Nifty Options

Buy Nifty 5000 Put around 50 target 78/88/98++ 1 week to expiry

Join our Paid service for just Rs 13 per day

We have three Packages

1) Yearly - Rs 4800 (Rs 13 per day)

2) Half Yearly - Rs 3000

3) Quarterly - Rs 2000

Every trading day, we provide pre-market All in One sms and email alerts for

1) 1- Intraday Nifty Future

2) 1- Stock/Nifty Options(weekly or till expiry)

3) 2-4 Intraday Cash Calls

4) 2-4 Delivery Calls (time from 1 week to 2 months)

We have an accuracy of 100% in delivery calls and 90% in all others. You can check our past performance.

Futures Performance

Options Performance

Equity Performance

Regards

www.vjondalalstreet.com

[email protected]

(0)99518 56201 after 6pm

Please read our disclaimer

VJonDalalStreet Mid November Performance

Over 2.5 Lacs profit in just 2 weeks
Over 400 points profit in Nifty Future


VJonDalalStreet
Bus Naam hi Kaafi hain...

Mutual Fund Transaction allowed for Stock Brokers

Stock broker to deal with Mutual Funds
SEBI has come up with an innovative idea to widen the distribution network in market especially in Mutual Fund sector by allowing registered stock brokers to do the transaction on behalf of their clients.

The brokers need to clear the certification exam by AMFI (Association of Mutual Funds in India).

Top Position to BeES
Banking Index Benchmark Traded Scheme, the scheme launched by Benchmark Mutual Fund in May 2004 emerged as a top performer in 3 and 5 year timeframes. However average results were seen in shorter timeframes.

Price band fixed for Cox & Kings IPO

Cox and King IPO price has been fixed as Rs 316-Rs330 per share

Issue Open 18th November
Issue Closes 20th November
Number of Equity Shares: 18,496,640
CARE Grading - 4

Purpose of Issue
Loan Repayments & Overseas Investments

Cox & Kings provide complete travel solutions i.e. land, air and cruise bookings, hotel bookings etc

Market rises after a slow opening

BSE sensex which initially went to days low of close to 125 points, closed above by 152 points. Rise is attributed to better-than-expected industrial output data released on Thursday

Nifty rises above its trademark 5000 mark and closed up at 46 points i.e. 4998. Reliance industries, IT, Telecom and Auto stock rise contributed

NAV Declines, Retail Investors shy away from MF

Reliance Capital re-arranges its portfolio
Reliance Capital Asset Management has shown advancement in FMCG, Media & Entertainment and Utilities sector, while a let down in Telecom, Engineering & Capital goods and Oil & Gas space


Online trading platform for Mutual Funds
March 2010 could take investors by surprise with the launch of online trading platform. The platform will enable brokers to do Mutual Funds transactions through the stock exchanges. The platform will also allow retail investors to trade, switch over and do a comparative study of schemes online

Retail Investor shying away from Mutual funds
In October Retails Investors redeemed worth 6500 crore and bought only 4,400 crore. However, Assets under management (AUMs) grew merely 2.3% to 7.74 lakh crore


Religare PSU Equity Fund NFO garners Rs 229 Crores
The open ended equity scheme of RELIANCE MUTUAL FUND has collected over 229 crore for its NFO which was open for subscription from September 29, and closed on October 28, 2009.The scheme is set to reopen for ongoing sale and repurchase in November. The NFO aims at generating capital appreciation by investing in equity and equity related instruments of companies

NAV declines as market ends lower
The advance : decline ratio was 8:229 as the sensex closed 150 points low.
Banking and FMCG declined whereas techonology advanced. Pharma sector got a mixed response. In a nutshell
• Equity diversified NAVs decline sharply
• Banking and FMCG funds decline
• Technology funds advance
• Pharma funds end mixed
• Long term debt funds close mixed with negative bias
• Short term debt funds finish higher

MF NAV Close strong and No Exit Load in Sahara Bond

NAV Closes STRONG
After a pull back rally in the market the diversified equity funds close strong.
The rise is attributed to buying interest, positive global interest, government disinvestment programme and unveiling of first discussion on GST regime.
BSE rose up 409.04 points and closed at 16,849 whereas NSE rose 122.25 points and closed at 5003.95

Positive results in all sectors

Sahara Short Term Bond Fund revises Exit Load

No charge against the exit will be levied from today

Axis Equity Mutual Fund opens today

Axis mutual fund has announced the launch of its first diversified mutual fund named Axis Equity Fund. The NFO will be available from November 11, to December 8, 2009. It will re-open for on-going purchase and redemption on January 7, 2009. The face value of the issue will be Rs 10 per unit.

The product aims to offer total investment solutions to consumers and not just individual products. The scheme offers growth and dividend options which will later offer dividend payout and reinvestment.

The minimum investment amount will be Rs 5000 and in multiples of Re 1 thereafter and Rs 100 in multiples of Re 1 thereafter for additional purchase of units.

Entry Load - Nil

Exit Load of 1% if units are redeemed / switched - out within 1 year from the date of allotment of units

The scheme plans to 80-100% in equity and equity related instruments. It would invest 0-20% in debt and money market instruments, including securitized debt (excluding Foreign Securitized Debt) up to 20% of the net assets of the Scheme

Mutual Fund - Registrar Change and Dividend Declaration

TATA MF stays cautious on Real Estate
This sector is betted on when market falls steeply. Market caps are stretched and hence caution needs to be examined

CHANGE in fund manager of UTI
Amandeep Chopra will now manage Debt portfolio whereas V.Shrivastava will deal with Equity portfolio of UTIs balanced funds

Dividend Declaration under ICICI Prudential Quarterly Interval Plan 1
ICICI Prudential Mutual Fund has declared 100% of dividend for its fund Quarterly Interval Plan with Record Date 16th Nov, 2009

Registrar change for ICICI Prudential Premier
ICICI PMF has announced the change in the Registrar and the Transfer Agent from 3i InfoTech Ltd. to Computer Age Management Service Pvt. Ltd, with immediate effect

Birla Sun Life Interval Income Fund - Monthly Plan - Series II Wound up
Birla Sunlife Life Interval Fund - monthly plan -series 2 is winding up on 5th Nov instead of 6th Nov 2009

REC FPO and Lodha Developers IPO

Ministry of Power approves REC FPO (20% stake sale)
The Ministry of Power, has conveyed its approval for follow-on public offer (FPO) of the Rural Electrification Corporation of 171,732,000 equity shares of Rs 10 per unit. The stock closed at Rs 216.95.

Lodha Developers hopes to launch IPO in Dec
Lodha Developers plans to launch an initial public offering to raise up to Rs 30 billion (USD 640 million. Initially, ICICI Bank and Housing Development Finance Corporation and Duestche bank are investing investors. Net profit of 957 million rupees in 2008 -09 while an increase in income from operations almost to three-quarters to Rs 9.5 billion. It had a net worth of Rs 2.66 billion, translating to Rs 12.21 per share with face value of Rs 5

Irregularities in IPO

The two member committee appointed for the issue between SEBI and NSDL in the IPO irregularity in 2005 by SEBI is now considered null and void.

The report by the committee stated lack of duties in cross checking and had queries with SEBI. Thereafter, there was an issue as to why this order has not been put out in the public domain.

After lots of discussion and legal advices the committee was found to be beyond its term of reference. SEBI has decided to look into the matter afresh and considered previous judgement null and void.

10th Nov - Hot News

Phoenix Mills spurts as Reliance Mutual Fund buys stake

Reliance buys 8.17 lakh shares of phoenix mills at Rs 170 giving them a jump of 4.22% and to Rs 190.20 on 9^th nov 2009

New order revives Nagarjuna Construction

Company recovered from the sessions low of Rs 164.55 after securing five orders totalling722 crore. The company was down to just 0.09% to rs 168.40 on BSE

Edserv Soft Systems hardens

The company launch of an academy VIDYADHANA , excellence in k-12 for schools which focuses on fun learning in pri-sec education. This helped the company jump 7.31% to rs 246.50 on BSE

JSW Steel shines as group firm gets nod for IPO

As soon as a group company JSW Energy received approval for an initial public offer from the Securities and Exchange Board of India the company share rose to rs 850 showing a rise of 4.56%

Subhash Projects builds on new order win

Subhash Projects & Marketing jumped 3.24% to Rs 138.60 at 11:24 IST after the company won orders worth Rs 277 crore

Overseas order lifts Siemens

Siemens rose 2.47% to Rs 543 at 11:10 IST on BSE, after the company received an export order worth Rs 608 crore

Hindalco powers rally in Alstom Projects

Hindalco gave Alstom projects India contracts worth 365 crore for supply and installation of four gas treatment plants giving the Alstom project an increase of 2.96% to rs 537 at 10.57 IST

Steel Strips Wheels races to profit

The company secured an export order worth Rs 7.90 crore from Renault for supply of 1.80 lakh steel wheel rims per annum. Steel Strips Wheels was locked at the 5% upper limit at Rs 87.75 at 10:43 IST on BSE

Reliance Industries fuels up with more oil

Reliance Industries jumped 3.25% to Rs 2090.30 at 10:31 IST .The company announced its first oil discovery in its exploration block in the Cambay Basin off Gujarat

NAVs Close Strong on 4th Day too

The equity diversified NAV closed with an advance:decline ratio of 246:4, rise attributed due to huge buying in banking and financial sector. Biggies like Reliance, ITC were among the other gainers like metal, auto, oil, gas and technology stocks.

Bharti Airtel, Reliance Communications, Sterlite, HUL and Ambuja Cements were the losers.

BSE closed at 16,498.72, up 340.44 points whereas NSE rose 102.25 points or 2.13%, to settle at 4,898.40.

TOP Mutual Fund GAINERS

Read more »

Indian Govt planning disinvestment worth over $10 Billion

Country’s biggest coal miner, Coal India and fourth largest operator BSNL are in the first list of governments listing plans. Other Potential candidates are Railway subsidiary RITES, Cochin Shipyard, TCI & Manganese Ore India.

Govt’s plan for minimum 10% stake to public led to rise in the prices of listed state companies like MMTC, Hind Copper, RCF, Neyveli Lignite, NFL, STC, NMDC & Andrew Yule.

The company should be profit making for the last three consecutive years was the basic criteria.

Free Tip Balrampur Chini

Buy Balrampur Chini around 150 target 165/175++ in one month.

Join our Paid service for just Rs 13 per day

We have three Packages

1) Yearly - Rs 4800 (Rs 13 per day)

2) Half Yearly - Rs 3000

3) Quarterly - Rs 2000

Every trading day, we provide pre-market All in One sms and email alerts for

1) 1- Intraday Nifty Future

2) 1- Stock/Nifty Options(weekly or till expiry)

3) 2-4 Intraday Cash Calls

4) 2-4 Delivery Calls (time from 1 week to 2 months)

We have an accuracy of 100% in delivery calls and 90% in all others. You can check our past performance.

Futures Performance

Options Performance

Equity Performance

Regards

www.vjondalalstreet.com

[email protected]

(0)99518 56201 after 6pm

Please read our disclaimer