Nifty Unlikely To See 6200 Again This Year !

BROKERS TO BE FINED FOR NOT COLLECTING MARGIN MONEY

Sebi on Wednesday asked stock exchanges to impose heavy penalty on brokers allowing their clients to trade in derivative market without sufficient margin money and said that fines could be as high as the shortfall of funds. While the minimum penalty is 0. 5% of the shortfall of margin money, the penalty could be as high as 100%, the Sebi said in a circular. The stock exchanges will have to impose the penalties from September 1, Sebi said

Market Updates : 

Relief rally on cards but won't last beyond 5300: Experts

The Asian markets managed to overcome the sharp sell-off in the western markets last night, and finally closed with marginal cuts. India too moved in tandem and closed in a tight range . The Nifty ended 20 points lower, while the Sensex ended 70 points down.

However, market experts are treading cautiously on the back of global uncertainties. A slip to the 14,000-15,000 levels on the Sensex is not being ruled out. As far as the Nifty is concerned, there is a belief that 5,000 could serve as a floor for investors to buy. 

Tata Communications leads gainers in 'A' group

Rashtriya Chemicals and Fertilisers, Jain Irrigation Systems, Exide Industries and Emami are among the other gainers.

Telecommunications company Tata Communications spurted 7.61% to Rs 216.45 on reports the company has received the Telecom Commission's approval to demerge its 770 acre VSNL plot into a realty company. The stock topped the gainers in the BSE's 'A' group. According to reports, the Telecom Commission, the highest decision making body of the communications ministry, has proposed taking slightly more than a 51% stake in a special-purpose vehicle that will hold the divested land reserves.

Rashtriya Chemicals and Fertilisers rose 5.58% to Rs 86.15. The stock was second biggest gainer in 'A' group. Fertiliser shares extended recent gains as the government moved a step closer to decontrolling urea prices and bringing urea under the nutrient-based subsidy regime.

Micro irrigation products maker Jain Irrigation Systems jumped 4.54% to Rs 169.40. The stock was third biggest gainer in 'A' group.

Lead-acid batteries maker Exide Industries galloped 4.22% to Rs 159.35. The stock was fourth biggest gainer in 'A' group.

Cosmetic products maker Emami rose 3.94% to Rs 496.30. The stock was fifth biggest gainer in 'A' group

August (2011) : 
Open : 5544.45
High : 5557.10
Low : 4951.00
Close: 5137.25
Avg. : 5297.45

Yearly (2011) : 
Open : 6202.10
High : 6209.90
Low : 4951.00
Close: 5137.25
Avg. : 5625.06

NIFTY FUTURE 

R5 : 5228
R4 : 5208
R3 : 5192
R2 : 5168
R1 : 5147

CMP: 5137.25

S1 : 5132
S2 : 5114
S3 : 5100
S4 : 5082
S5 : 5058

Market loses ground on worries RBI may retain anti-inflationary stance

Key benchmark indices edged lower in choppy trade as an increase in food inflation raised concerns the central bank will stick to its tight monetary policy. The BSE Sensex lost 71.11 points or 0.42%, off close to 150 points from the day's high and up close to 45 points from the day's low. Index heavyweight Reliance Industries pared intraday gains. Reliance Infrastructure rose after the company said order book remains strong. Tata Power fell more than 4% despite good Q1 result. The market breadth was negative, having alternately swung between positive and negative terrain during the second half of the trading session.

Acceleration of food inflation in late July 2011 has raised concerns that the Reserve Bank of India (RBI) will stick to its tight monetary policy. Investors are worried that higher interest rates will crimp corporate profit growth. The RBI has raised interest rates 11 times since March 2010 to control inflation, which still reigns close to double-digit levels because of high food prices and intensifying demand pressures in non-food commodities.

BSE Sensex was down 79.93 points or 0.47% to 17,050.58. The Sensex rose 77.31 points at the day's high of 17,207.82 in early afternoon trade. The index fell 117.56 points at the day's low of 17,012.95 in morning trade, its lowest level since Tuesday, 9 August 2011.

The S&P CNX Nifty was down 27.65 points or 0.54% to 5,133.35, as per the provisionalfigures. The Nifty hit a high of 5,184.95 in intraday trade. The Nifty hit a low of 5,121 inintraday trade, its lowest level since Tuesday, 9 August 2011.

BSE clocked turnover of Rs 2360 crore, lower than Rs 2828.40 crore on Wednesday, 10 August 2011.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1,515 shares fell while 1,280 shares rose. A total of 110 shares remained unchanged. The breadth alternately moved between positive and negative zone during the second half of the trading session.

Among the 30-share Sensex pack, 22 fell and the rest rose. NTPC, Coal India and Hindalco Industries gained by between 0.96% to 1.4%. Bharti Airtel, Maruti Suzuki India and Jindal Steel & Power fell by between 2.45% to 2.99%.

India's largest commercial vehicle maker by sales Tata Motors was flat at Rs 844, off the day's high of Rs 861.40. The stock pared gains after the company reported a muted growth in bottom line for Q1 June 2011 at the fag end of the trading session today, 11 August 2011. Consolidated net profit 0.55% to Rs 2000 crore on 24.1% growth in net revenue to Rs 33572 crore in Q1 June 2011 over Q1 June 2010.

Finance Minister Pranab Mukherjee on Thursday, 10 August 2011, said the Indian government and the Reserve Bank of India (RBI) are working together to ensure stability in local markets, which have been partly influenced by the US Federal Reserve's comments on interest rates. There won't be any cash crunch in Indian markets, Mukherjee said adding that the markets' movements are reflecting a return of investors' confidence after jittery trades for the past two days following the US rating downgrade.

The RBI holds a mid-quarter monetary policy review on 16 September 2011. The RBI raised its key lending rates by 50 basis points at a policy review on 26 July 2011, to tame high inflation. RBI had at time said that going forward, the monetary policy stance will depend on the evolving inflation trajectory, which, in turn, will be determined by trends in domestic growth and global commodity prices. A change in stance will be motivated by signs of a sustainable downturn in inflation, it had added.

European stock markets rose in choppy trade on Thursday, 11 August 2011. The key benchmark indices in UK, France and Germany were up by 0.3% to 1.41%.

India's second largest bike maker by sales Bajaj Auto fell 1.83%, with the stock snapping three-day gains.

India's largest bike maker by sales Hero MotoCorp fell 1.01%. The company aims to increase annual revenue to $10 billion and two-wheeler sales to 10 million units a year in the next five to six years, as it expands in overseas markets and hopefully benefits from strong local demand. The company expects exports to contribute a tenth of its vehicle sales and revenue over the same period.

India's largest private sector bank by net profit ICICI Bank shed 2.2%. India's largest private sector bank by net profit HDFC Bank dropped 0.14%

Tata Steel, Hindalco Industries, Coal India, National Aluminium Company, Jaiprakash Associates, Unitech, BPCL and HPCL unveil Q1 results on Friday, 12 August 2011. State Bank of India, Aditya Birla Nuvo, Reliance Communications, Reliance Capital and Shipping Corporation of India unveil Q1 results on Saturday, 13 August 2011.

Annual inflation in the Food Articles group rose to 9.9% in the week ended 30 July, from 8.04% in the previous week, the Commerce & Industry Ministry said in a statement today, 11 August 2011. It was at 16.45% in the corresponding period of last year. Inflation in the Primary Articles group climbed to 12.22% in the week under review, from 10.99% in the week ended 23 July 2011. Inflation in the Fuel & Power group stood at 12.19% in the week ended 30 July from 12.12% in the previous week, the Government data showed. It was at 12.40% in the comparable week of the previous year.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !