SHREE GANESHAY NAMAAH !

Sensex ends 154 pts up on Dhanteras day, awaits RBI action !

RBI eco survey lowers FY12 GDP growth to 7.6% vs 7.9% !

The RBI today released the Macroeconomic and Monetary Developments Second Quarter Review 2011-12. The survey lowered FY12 GDP growth to 7.6% vs 7.9%. The document serves as a background to the Monetary Policy Statement that will be announced today. 

It was a good start to the week as Dhanteras and strong Asian cues allowed investors/traders to pick stock across sectors. But the market shaved off more than half of those gains in the last couple of hours of trade due to fall in banking and capital goods stocks. The 30-share BSE Sensex closed up a mere 153.64 points at 16,939.28 after hitting an intra-day high of 17,104.88 and the 50-share NSE Nifty ended up 48.40 points at 5,098.35.

Markets across the globe rallied in anticipation that the European Union Summit, scheduled on Wednesday, will figure out a solution to the debt crisis. Talks of a G-20 meet on  November 3-4 also nursed sentiments worldwide. Euro zone finance ministers approved the next round of aid for Greece during last weekend.

Euro leaders say they are making progress towards a wide ranging plan and aim to reach a final agreement on Wednesday, before the G20 summit in France.

Past Performance !

Crompton Greav
Buy With SL Of Closing Of Rs. 133, For Tgt Of Rs. 152/159/164, Currently It Close @ Rs. 137.65 !

Gvk Pwer
Buy With SL Of Closing Of Rs. 14, For Tgt Of Rs. 15.50/17/19, Currently It Close @ Rs. 14 ! Close Call

Future Expiry Month (2011) : 
Open : 4999.80
High : 5162.00
Low : 4725.55
Close: 5105.80
Avg. : 4998.29

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5105.80
Avg. : 5546.06

NIFTY FUTURE 

R5 : 5221
R4 : 5182
R3 : 5165
R2 : 5137
R1 : 5116

CMP: 5105.80

S1 : 5090
S2 : 5075
S3 : 5040
S4 : 5014
S5 : 4980

Market Updates : 

Tata Motors leads gainers in 'A' group

ONGC, Axis Bank, Reliance Power and Mundra Port & Special Economic Zone are among the other gainers.

India's largest truck maker by sales Tata Motors rose 4.44% to Rs 185.85. The stock topped the gainers in the BSE's 'A' group. The company is reportedly looking to raise $750 million through overseas borrowing to meet working capital requirements and reduce debt.

Recently, Tata Motors reported 24% rise in global sales to 1,07,258 units in Q2 September 2011 over Q2 September 2010. Global sales of Jaguar Land Rover were up 42% to 27,639 vehicles in September 2011 over September 2010. The total passenger vehicles sales stood at 55,539 units in September 2011, up 21% from the corresponding period last year. Commercial vehicles sales were up by 28% to 51,719 units in Q2 September 2011 over Q2 September 2010. The company unveils its Q2 results on 14 November 2011.

India's largest oil state-run oil exploration firm by market capitalisation ONGC rose 4.09% to Rs 276.25 on higher crude oil prices. The stock was second biggest gainer in 'A' group.

Oil gained for a second day in row on Monday, 24 October 2011, as European leaders made progress with their debt rescue fund, while economic data from Asia signalled that growth is holding up in the region's two biggest crude consumers--China and Japan. Higher crude oil prices could boost realization from crude sales for oil exploration firms.Crude oil for December delivery was up 51 cents or 0.58% at $87.91 a barrel.

Axis Bank rose 3.95% to Rs 1168.70 after the bank announced on Saturday, 22 October 2011 that net profit rose 25.19% to Rs 920.32 crore on 39.79% rise in operating income to Rs 6510.89 crore in Q2 September 2011 over Q2 September 2010. The stock was third biggest gainer in 'A' group.

Power generation company Reliance Power rose 3.94% to Rs 88.45. The stock was fourth biggest gainer in 'A' group.

Private port operator Mundra Port & Special Economic Zone rose 3.90% to Rs 156. The stock was fifth biggest gainer in 'A' group. The company will announce its Q2 September 2011 results on 11 November 2011.

Market snaps two-day losses on Europe bailout hopes, China data

Bank shares reverse gains in late trade; Union Bank tumbles as bad loans rise

BSE Sensex was up 145.06 points or 0.86% to 16,930.70. The index gained 319.24 points at the day's high of 17,104.88 in early trade, its highest level since 19 October 2011. The index rose 112.96 points at the day's low of 16,898.60 in late trade.

The S&P CNX Nifty was up 48.40 points or 0.96% to 5,098.35. The Nifty hit a high of 5,145.65 in intraday trade, its highest level since 19 October 2011. The Nifty hit a low of 5,084.75 in intraday trade.

The market breadth, indicating the overall health of the market, turned negative from positive in late trade. On BSE, 1,548 shares declined and 1,308 shares gained. A total of 122 shares were unchanged.

BSE clocked a turnover of Rs 1939 crore, lower than Friday's (21 October 2011) Rs 2342.96 crore.

From the 30 share Sensex pack, 22 rose while the rest declined. Coal India (down 1.49%), Sun Pharmaceuticals (down 1.74%) and Bhel (down 0.55%), edged lower from the Sensex pack. Bharti Airtel (up 1.61%), Hindustan Unilever (up 3.25%), and Jaiprakash Associates (up 1.44%), edged higher from the Sensex pack

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !