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SHREE GANESHAY NAMAAH !

JAI MATA DI !

Volatility-hit Sensex closes 72 pts down; Bankex sinks 2.5%

Moody's reaffirms C- rating for ICICI Bank

CARE files DRHP for IPO, says proceeds go to shareholders

India's second largest credit rating agency Credit Analysis And Research (CARE) has filed draft red herring prospectus with market regulator SEBI for initial public offering of 71,99,700 equity shares. The offer will constitute 25.22% of the post-offer paid-up equity share capital of company.

For the financial year 2010-11, the company reported profit after tax of Rs 91.06 crore on total income of Rs 176.63 crore, a growth of 4.6% and 15% over previous year, respectively. CARE will not receive any proceeds from the offer and all proceeds will go to the following (selling) shareholders.

Global credit rating agency Moody's has reaffirmed its C- rating for India's largest private sector lender ICICI Bank 

The sell-off in heavyweights SBI, ICICI Bank, Reliance Industries, Bharti and BHEL compelled the Indian equities to close moderately down after a very volatile session. A recovery attempt - first in the opening trade and again when Europe opened - saw theSensex rally 150 points intra-day, but succumbed to profit booking later on. The 30-share BSE Sensex fell 72.45 points or 0.46%, to close at 15,792.41 despite positive European cues. The 50-share NSE Niftydropped 20.85 points or 0.44% to end at 4,751.30, which is the fourth consecutive the fall for the market.

Yesterday's Performance !


State Bank Of India :
                SBI Below 1765 It can further slide to rs. 1710, currently it closed on rs. 1787.20 with sl of rs. 1810 ! Tgt Hit !

Chambal Fert :
                Chambal Fert has taken support of rs. 89, it can move upside to rs. 98 to rs. 105. with sl of its support ofrs. 89.! Close Call !

Maruti Suzuki :
                Maruti Suzuki can c upward movement above rs. 1118, for tgt of rs. 1145 to rs. 1175 with sl of rs. 1088, currently it closed at rs. 1107.85. !  Close Call !

October Month (2011) : 
Open : 4874.40
High : 4879.15
Low : 4728.30
Close: 4751.30
Avg. : 4808.29

Future Expiry Month (2011) : 
Open : 4999.80
High : 5031.00
Low : 4725.55
Close: 4769.30
Avg. : 4881.41

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 4769.30
Avg. : 5461.95

NIFTY FUTURE 

R5 : 4892
R4 : 4872
R3 : 4848
R2 : 4816
R1 : 4792

CMP: 4775

S1 : 4768
S2 : 4742
S3 : 4720
S4 : 4701
S5 : 4665

Market Updates : 

Sun Tv Networks leads gainers in 'A' group

Educomp Solutions, Areva T&D India, D B Realty and Jaiprakash Associates are among the other gainers.

Media company Sun TV Network jumped 5.13% to Rs 231.45 on bargain hunting after the stock slumped 26.87% in the preceding ten sessions to Rs 220.15 on 4 October 2011, from a recent high of Rs 301.05 on 20 September 2011. The stock topped the gainers in the BSE's 'A' group.

Education solutions provider Educomp Solutions climped 4.02% to Rs 243.50. The stock was second biggest gainer in 'A' group.

Power equipment maker Areva T&D India galloped 4% to Rs 226.30. The stock was third biggest gainer in 'A' group.

Real estate developer D B Realty rose 3.89% to Rs 50.80 on bargain hunting after the stock slipped 19.24% in the preceding ten sessions to Rs 48.90 on 4 October 2011, from a recent high of Rs 60.55 on 20 September 2011. The stock was fourth biggest gainer in 'A' group.

Diversified company Jaiprakash Associates rose 3.86% to Rs 71.30 on bargain hunting after the stock fell 7.73% in the preceding three sessions to Rs 68.65 on 4 October 2011, from a recent high of Rs 74.40 on 29 September 2011. The stock was fifth biggest gainer in 'A' group.

Sensex settles at 20-month low as FIIs resume selling

Market ends choppy session in red; breadth weak

The S&P CNX Nifty was up 19.80 points or 0.41% to 4,752.35, as per provisional figures. The Nifty hit a high of 4,827.80 and a low of 4,741 in intraday trade.

BSE clocked turnover of Rs 2364 crore, lower than Rs 2613.94 crore on Tuesday, 4 October 2011.

The market breadth, indicating the overall health of the market, was weak. On BSE, 1,645 shares fell and 1,056 rose. A total of 127 shares were unchanged. The breadth was strong earlier in the day.

Among the 30-share Sensex pack, 14 rose while the rest fell. Sun Pharmaceutical Industries, Tata Power Company and Coal India gained by between 1.64% to 1.81%.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !