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Market Updates :  

Indiabulls Real Estate leads gainers in 'A' group.

Sintex Industries, United Phosphorus, IRB Infrastructure Developers and Bharat Forge are among the other gainers.

Indiabulls Real Estate spurted 6.01% to Rs 120. The stock topped the gainers in the BSE's 'A' group.

Plastic water storage tanks maker Sintex Industries rose 5.59% to Rs 181.20. The stock was second biggest gainer in 'A' group. On a consolidated basis, Sintex Industries' net profit rose 19.9% to Rs 94.58 crore on 22.2% increase in net sales to Rs 1109.51 crore in Q1 June 2011 over Q1 June 2010. The result was announced during trading hours on Monday, 11 July 2011.

Agrochemicals maker United Phosphorus jumped 4.96% to Rs 157.65. The stock was third biggest gainer in 'A' group.

Construction company IRB Infrastructure Developers galloped 4.76% to Rs 178.20. Thestock was fourth biggest gainer in 'A' group. The company will announce its Q1 June 2011 results on 20 July 2011.

Automotive components maker Bharat Forge rose 4.57% to Rs 336.55. The stock was fifth biggest gainer in 'A' group.

Sensex gains 1% as world stocks rise on strong Chinese economic data.

Key benchmark indices snapped three-day losing streak as world stocks rose on stronger-than-expected Chinese Q2 June 2011 GDP data. The latest data showing a strong 9.5% expansion of the Chinese economy in Q2 June 2011 helped offset euro-zone debt worries triggered by Moody's Investors Service downgrading Ireland to junk status on Tuesday, 12 July 2011. The BSE Sensex jumped 184.40 points or 1%, up close to 130 points from the day's low and off close to 30 points from the day's high. The market breadth was strong.

Except the BSE IT index, all the other sectoral indices on BSE were in green. Telecom pivotals and auto stocks were in demand on fresh buying. Bank stocks rose on bargain hunting after a recent decline triggered by fears about the spread of Europe's debt crisis. Index heavyweight Reliance Industries (RIL) extended intraday gains in late trade.

BAD NEWS! Inflation may go up; rate hike likely

Costlier diesel and liquefied petroleum gas will weigh on inflation, which may further go up to 9.2- 9.7 per cent in June, exerting pressure on the Reserve Bank of India to go in for another round of interest rate hike.
The inflation numbers for June will be released on Thursday.

Economists said the full cascading impact of the sharp raise in diesel, LPG and kerosene prices announced on May 24, would be visible from July onwards when inflation could touch the double digit mark.


Short Term Calls : Future Calls

Apollo Tyre On Break Out Buy Above 81, SL 77, Tgt 83.50--87--89--93 In Coming Days.

NCC Showing Weakness, But Trend Can Move Upside To 82--85.50--89.50--95 Or More CMP @ 79.65, SL 77 (C.B.) May Be Jack Pot Call.

Past Perfomances :   

Positional Call Buy Bank Nifty @ 11085--11095, SL 10925, Tgt 11200--11450---11600 For 2-3 Days.High 11197.90, Close @ 11170.30.

Adanipower Can Buy With SL 102, Tgt 111--115--119--123, CMP @ 107.85., CLOSE @ 109. Call Triggered High 110.70, Close @ 110.10.

Ranbaxy Can Buy Above 560, Tgt 573--579--584--590--598. SL Triggered Close Call

Bombay Dyeing Buy With SL 360 (C.B.) Tgt 382--388--396--406--420, CMP 374.55. High 383

July Month :    
Open : 5700.20 
High : 5751.60
Low : 5502.15
Close: 5599.75
Avg. : 5638.43

Yearly (2011) :       
Open : 6202.10       
High : 6209.90      
Low : 5175.10      
Close: 5599.75
Avg. : 5796.71

NIFTY FUTURE     

R5 : 5698
R4 : 5680
R3 : 5659
R2 : 5636
R1 : 5616

CMP: 5599.75

S1 : 5582
S2 : 5564
S3 : 5548
S4 : 5528
S5 : 5510

Market snaps three-day losing streak.

Volatility continued as the key benchmark indices surged to fresh intraday highs in late trade. The BSE Sensex was provisionally up 201.29 points or 1.09%, up 147.51 points from the day's low and off 13.50 points from the day's high. The market snapped a three-day losing streak. The market breadth was strong. Gains in world shares underpinned sentiment. World stocks rose as well-received data from China helped offset euro-zone debt worries triggered by Moody's Investors Service downgrading Ireland to junk status on Tuesday, 12 July 2011.

Except the BSE IT index, all the other sectoral indices on BSE were in green. Telecom pivotals and auto stocks were in demand on fresh buying. Bank stocks rose on bargain hunting after a recent decline triggered by fears about the spread of Europe's debt crisis. Index heavyweight Reliance Industries (RIL) extended gains in late trade.

Shares of tyre makers gained after CEAT recently raised prices of tyres by2% to 2.5% across categories and said margins are likely to improve from Q2 September 2011 due to a fall in prices of rubber, a key raw material. Media shares rose on renewed buying.

The market drifted higher in early trade tracking a recovery in Asian equities. The market pared pared gains in morning trade after hitting fresh intraday high. A bout of volatility was witnessed as the market struck fresh intraday high in mid-morning trade. Key benchmark indices pared gains soon after hitting fresh intraday highs in mid-morning trade as European contagion fears lingered. The market regained strength in afternoon trade as European stocks rose in early trade. The market once again came off highs in mid-afternoon trade. Intraday volatility continued as the market surged to fresh intraday high in late trade.

As per provisional closing, the BSE Sensex was up 201.29 points or 1.09% to 18,612.91. The Sensex gained 214.79 points at the day's high of 18,626.41 in late trade, its highest level since 11 July 2011. The index rose 53.78 points at the day's low of 18,465.40 in early trade.

The S&P CNX Nifty was up 65.90 points or 1.19% to 5,592.05. The Nifty hit a high of 5,596.15 in intraday trade, its highest level since 11 July 2011.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1,885 shares advanced and 1,030 shares declined. A total of 133 shares remained unchanged.

The total turnover on BSE amounted to Rs 2273 crore compared with Rs 1623 crore by 14:25 IST

Among the 30-member Sensex pack, 26 stocks gained while the rest of them declined.

Index heavyweight Reliance Industries (RIL) advanced 2.03% to Rs 865.70 on reports the Cabinet Committee on Economic Affairs (CCEA) is likely to clear RIL's sale of a 30% stake in 23 of its oil and gas blocks in India to BP PLC this week. Reports last week indicated that the petroleum ministry had recommended the $7.2 billion RIL-BP deal to CCEA for an unconditional approval.

India's largest oil exploration firm by net profit ONGC surged 1.88%, extending four-day 3.03% advance triggered by speculation the company's follow-on public offer (FPO) has been postponed. As per reports, the government has deferred the FPO of ONGC fearing tepid response from overseas investors due to summer holidays. The FPO is likely hit the market in September 2011.

India's largest real estate by sales DLF jumped 3.47% to Rs 228 on reports HCL Group is in advanced discussions with the company to acquire a substantial stake in DLF Pramerica Life Insurance Company for about Rs 450 crore in a two-phase transaction. It was the top gainer from the Sensex pack.

India's largest tractor maker by sales Mahindra & Mahindra gained 2.41%. The company, early this month, reported 29.11% jump in its total sales at 35,584 units in June 2011 over June 2010. Mahindra & Mahindra (M&M)'s domestic sales grew 28.69% to 33,772 units and exports surged 37.38% to 1,812 units in June 2011 over June 2010.

India's largest small car maker by sales Maruti Suzuki India shot up 1.09% on reports the Japanese parent Suzuki Motor Corp is considering a plan to raise its stake in the company by 5% through open-market purchases over a year. The report said Suzuki will likely buy the stake from financial institutions via block deals on the stock exchanges. Suzuki Motor Corp holds 54.21% stake in Maruti Suzuki India (as at end 30 June 2011).

India's largest bike maker by sales Hero Honda Motors advanced 0.85%. The company, early this month, reported 20.12% jump in sales at 5.12 lakh units in June 2011 over June 2010. "This is the first time the company has sold five lakh-plus units in each of the three months of a quarter. Sequentially, this is the fourth consecutive month of five lakh-plus sales for the company," Hero Honda had said in a statement recently.

Note : Data From Capital Market.com

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