SHREE GANESHAY NAMAAH !

Gold could fall to $1,100, says Marc Faber

Sensex ends 111 points down despite great recovery attempt

Market ends choppy trading session lower; breadth weak

Sensex slumps 6.1% in four days as FIIs step up selling

TITAN IND :

Titan Ind steep slide in gold prices will reduce valuation of gold inventory. Titan Industries retails branded gold jewellery under the brand name 'Tanishq'. It sells watches under its premium brand Titan and economy brand Sonata. Below rs. 200 It will fall to rs. 192 to 185 in coming trading session.

HINDALCO IND :

Hindalco Ind Falls more than 6.30 % down and close down around 3.80 %, as metal shares melt on global economic worries. Hindalco Ind Ccan bounce back from here. Buy with sl of rs. 123 for tgt of rs. 138 to rs. 144, the stock close at rs. 128.07 down 3.86 % in NSE.

COAL INDIA :

Coal India slumped on reports the company's workers' unions have called country-wide shutdown on 10 October 2011 over their demands for bonus and ex-gratia. The stock has a support around 340, if falls below that level it may touch to 320 levels. If it take support of 340 levels, it can bounce back to levels of rs. 360 to rs. 375, Coal India currently close on 346.50 down more than 5 % in the market.

September Month (2011) : 
Open : 5109.80
High : 5169.25
Low : 4758.85
Close: 4835.40
Avg. : 4968.33

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 4835.40
Avg. : 5488.19

NIFTY FUTURE 

R5 : 4978
R4 : 4952
R3 : 4925
R2 : 4896
R1 : 4878

CMP: 4844.30

S1 : 4835
S2 : 4808
S3 : 4782
S4 : 4756
S5 : 4718

Market Updates : 

Bank of Baroda leads gainers in 'A' group

Indiabulls Financial Services, Indian Bank, Central Bank of India and Jaiprakash Associates are among the other gainers.

State-run Bank of Baroda rose 3.65% to Rs 802.75. The stock topped the gainers in the BSE's 'A' group.

Non-banking finance company Indiabulls Financial Services rose 3.55% to Rs 158.90. The stock was the second biggest gainer in 'A' group. The stock rose on bargain hunting after it tumbled 7.98% in the preceding three sessions to Rs 153.45 on 23 September 2011 from a recent high of Rs 166.75 on 20 September 2011.

State-run Indian Bank rose 3.24% to Rs 206.90. The stock was third biggest gainer in 'A' group.

State-run Central Bank of India rose 2.44% to Rs 102.85. The stock was fourth biggest gainer in 'A' group.

Infrastructure company Jaiprakash Associates rose 2.37% to Rs 69.10. The stock was fifth biggest gainer in 'A' group.

Earlier this month, Jaiprakash Associates had denied a media report that it is in talks to sell up to 26% stake in its cement business to a strategic partner. A media report had suggested that the company is exploring the option to rope in a strategic partner for its cement business.

PG Electroplast lists today

PG Electroplast debuts on the secondary equity market today, 26 September 2011. The company had priced the initial public offer (IPO) at the top end of the Rs 190 to Rs 210 per share price band. The IPO closed on 12 September 2011 with 1.34 times subscription. The IPO got bids for 77.03 shares as compared with 57.45 lakh equity shares on offer. The non-institutional investors category was subscribed 1.84 times. The retail individualinvestors and qualified institutional buyers category were subscribed 1.64 and 0.98 times, respectively.

Oriental Bank of Commerce has hiked the interest rate on term deposits of Rs 1 crore and above, maturing between 1-2 years, to 9.75% from 9.60% from 21 September 2011.

Drug maker Ind-Swift Laboratories has received approval from the Australian health regulator to make seven active pharmaceutical ingredients at its Derabassi plant in Punjab. The company has received approval from Australia's Therapeutic Goods Administration (TGA) to manufacture seven APIs, including Clarithromycin and Letrozole. The company's Dera Bassi facility consists of 19 manufacturing blocks of which 11 are used to produce drugs for the regulated market. According to the firm, Australia's generic market will be worth $830 million this year and is expected to grow at an average of 7% annually.

Fame India said it has successfully redeemed the entire outstanding bonds at an aggregate discount of 18% to their original maturity value. The company had $9,000,000 zero coupon series A bonds, with maturity value of $12,330,900, due for redemption in April 2011. It also had $4,000,000 series B bonds carrying coupon of 0.50% per annum, with maturity value of $5,627,600, due for redemption in April 2011. The company said bonds now stand fully redeemed and the company has no further liabilities on account of the said bonds.

Kirloskar Oil Engines has received an order worth Rs 396 crore from Nuclear Power Corporation of India (NPCIL) for supplying 16 emergency diesel generating sets of 4.2 megawatts (MW) each. This order is to be executed over next 42 months.

Wipro is reportedly evaluating options to sell data centres and other computer hardware assets of its US subsidiary, Infocrossing, to unlock value from what the company now calls non-core business.

Note : Data From Capital Market And Money Control !

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