SHREE GANESHAY NAMAAH !

JAI MATA DI !

Big bounce! Experts say it is just a bear market rally !

ITS NAVRATRI TIME ! WISHING OUR READERS A HAPPY NAVRATRI !

US has more serious problems than Europe: Jim Rogers

Global markets have been whipsawed in recent weeks as uncertainty over Europe's debt situation persisted. But renowned investor Jim Rogers says the US economy has more serious problems than Europe.

Jim Rogers says he's more worried about the US debt situation than he is about Europe.

"Europe has a few bad, bankrupt states, so does America. We've got Illinois which is bigger than Greece, we've got California, we've got New York, you know those are pretty big states that have serious economic problems. We have pension plans in America that are terribly under water," Rogers told CNBC on Tuesday

The market powered ahead on the back of strong global cues. It snapped four-day losing streak on Tuesday after rallying 500 points intra-day, aided by strong global support and short covering in the most beaten down stocks. Expectation of a well co-ordinated bailout plan for Europe triggered a rally across globe.

DLF LTD
         DLF soared on reports that the company has sold 10.8 acres in Gurgaon as part of its efforts to reduce the debt burden. DLF vaults on land sale.The counter has shown break out above rs 221, it may touch to rs 235 to rs. 248. 

GMR INFRA
          GMR Infrastructure builds on mega highway project order, The company said it has emerged as the successful bidder for six laning of 555 kilometres Kishangarh-Udaipur-Ahmedabad highway, the first brownfield mega highway project in India. The announcement was made during trading hours. Gmr Infra Has Close near its 52 Week low, if breaks it's low of rs. 25.95, it may fall more to downwards to rs. 22.  

REL CAPITAL
         Reliance Capital in demand as it mulls bonus issue, special dividend, Reiterating the group's interest in setting up a bank, Ambani reportedly said that banking was a new growth opportunity and Reliance Capital will evaluate opportunities to enter this high growth sector.The counter can bounce back from this levels of rs. 394.50, with sl of rs. 379, for tgt of rs. 425 to rs. 445

September Month (2011) : 
Open : 5109.80
High : 5169.25
Low : 4758.85
Close: 4971.25
Avg. : 5002.29

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 4971.25
Avg. : 5512.44

NIFTY FUTURE 

R5 : 5092
R4 : 5065
R3 : 5040
R2 : 5025
R1 : 4992

CMP: 4977.85

S1 : 4961
S2 : 4936
S3 : 4916
S4 : 4878
S5 : 4856

Market Updates : 

DLF leads gainers in 'A' group

Rajesh Exports, Jaypee Infratech, Jaiprakash Associates and Tata Motors are among the other gainers.

India's largest real estate company by market capitalisation DLF spurted 8.46% to Rs 217.35 on reports that the company has sold 10.8 acres in Gurgaon to a Dubai-basedIndian investor for Rs 280 crore, as part of its efforts to reduce the debt burden. The stock topped the gainers in the BSE's 'A' group.

According to reports, the company is also in talks with other investors to sell another 20 acres in Gurgaon, which is expected to fetch around Rs 400 crore. DLF's debt stood at Rs 21524 crore as on 30 June 2011. The company plans to reduce this by Rs 7000 crore this fiscal, reports added.

Jewellery exporter Rajesh Exports galloped 7.07% to Rs 123.40 on bargain hunting after the stock fell 16.91% in the preceding four sessions to Rs 115.25 on 26 September 2011, from a recent high of Rs 138.70 on 20 September 2011. The stock was second biggest gainer in 'A' group.

Infrastructure company Jaypee Infratech jumped 6.06% to Rs 47.25 on bargain hunting after the stock tumbled 14.57% in five sessions to Rs 44.55 on 26 September 2011, from a recent high of Rs 52.15 on 19 September 2011. The stock was third biggest gainer in 'A' group.

Diversified Jaiprakash Associates climbed 5.93% to Rs 73.20. The stock was fourth biggest gainer in 'A' group.

India's largest truck maker by sales Tata Motors rose 5.92% to Rs 155.70 on bargain hunting after the stock fell 11.50% in the preceding four sessions to Rs 147 on 26 September 2011, from a recent high of Rs 166.10 on 20 September 2011. The stock was fifth biggest gainer in 'A' group.

Market snaps 4-day losing streak as Govt mulls cutting STT

Media reports that the finance ministry is considering some tax cuts on equities to lower transaction costs and broaden participation in the market helped the market snap 4-day losing streak. A rally in world stocks triggered by reports that European policy makers are considering new plans to support European countries struggling with debt, further aided the surge on the domestic bourses

Among the 30-member Sensex pack, 28 logged gains while only two declined. Tata Motors (up 6.46%), Jaiprakash Associates (up 5.79%), and Hindustan Unilever (up 2.91%), rose.

Note : Data From Capital Market And Money Control !

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