SHREE GANESHAY NAMAAH !

See new lows for market; revival only by mid-Jan: Experts

After surviving the inflation shocker this afternoon, weak cues from Europe pressured the market to end the day in the red . All eyes are now on the Reserve Bank’s credit policy meet.

Too premature to expect a rate cut, say experts

Disappointing most people, November inflation stuck above 9%. Inflation eased to 9.11% (MoM) versus 9.73 % in October. Most experts expected inflation to drop below 9%.

Experts believe the Reserve Bank of India (RBI) will not cut rates in the monetary policy on December 16.

VOLUME BUZZ STOCK :

Titan Ind Blinks Down 52 Week Low @ 172. Low of 170.10, Has Volume If Sustains The Level Of 167, Wil C Tgt Of 176 / 179 / 183 !

Syndicate Bank Buy With SL 89, CMP 94, Tgt 97 / 103 / 106 !

NIFTY FUTURE CHART :




Monthly (2011) : 
Open : 4978.45
High : 5134.65
Low : 4731.20
Close: 4764.20
Avg. : 4902.13

NIFTY FUTURE 

R5 : 4902
R4 : 4875
R3 : 4839
R2 : 4818
R1 : 4786

CMP: 4764.20

S1 : 4732
S2 : 4718
S3 : 4700
S4 : 4678
S5 : 4630

Market Updates : 

Sun TV Network leads gainers in 'A' group

Glenmark Pharmaceuticals, Pidilite Industries, Dish TV India and Redington(India) are among the other gainers.

Television broadcaster Sun TV Network jumped 5.01% to Rs 275.80 on bargain hunting after the stock fell 10.16% in the preceding five sessions to Rs 262.65 on 13 December 2011, from a recent high of Rs 292.35 on 5 December 2011. The stock topped the gainers in the BSE's 'A' group.

Shares of Sun TV also rose after a bill aimed at digitisation of cable TV was passed by the Lok Sabha on Tuesday, 13 December 2011. The Cable Television Networks (Regulation) Amendment Bill 2011 will usher in a host of changes, which includes systematic registration of cable operators, inspection of cable network services, use of standard equipment in the cable TV network, mandatory transmission of channels such as Doordarshan, prescription of interference standards by the Central Government and empowering the Telecom Regulatory Authority of India (TRAI) to specify basic servicetier and its tariff.

Digitisation of cable TV is expected to boost the subscription revenues for broadcasters as it will end the hefty carriage fee paid to cable TV operators. At the same time, the Government has assured the cable operators that digitisation would not hurt them.

Drug maker Glenmark Pharmaceuticals climbed 3.50% to Rs 304.45 on bargain hunting after the stock fell 7.82% in the preceding five sessions to Rs 294.15 on 13 December 2011, from a recent high of Rs 319.10 on 5 December 2011. The stock was second biggest gainer in 'A' group.

Chemicals and adhesives maker Pidilite Industries rose 3.24% to Rs 145 on bargainhunting after the stock fell 10.54% in the preceding six sessions to Rs 140.45 on 13 December 2011, from a recent high of Rs 157 on 2 December 2011. The stock was third biggest gainer in 'A' group.

Direct-to-home service provider Dish TV India rose 3.05% to Rs 62.45 after a foreign broker initiated coverage on the stock with an 'outperform' rating and a target price of Rs 82 as it expects 75% of India's cable and satellite subscriber additions in next five years to go to direct-to-home. The stock was fourth biggest gainer in 'A' group.

Supply chain solution provider Redington (India) rose 2.78% to Rs 77.65. The stock was fifth biggest gainer in 'A' group.

Redington (India) announced during trading hours today, 14 December 2011, that its wholly-owned overseas subsidiary, Redington International Mauritius (RIML), intends to purchase 25.97% shares of its subsidiary, Redington International Holdings (RIHL), from Investcorp (IVC), a private equity investor.

The proposed share purchase is carried out through a share purchase agreement entered with IVC on 13 December 2011 and expected to be completed in a three months' time. With this purchase of shares, RIML's shareholding in RIHL will move to 95.56% and the balance is held by employees of Redington group.

Nifty settles at over 2-1/2-week low as hopes of early RBI rate-cut diminish

Sensex falls below 16,000 in choppy trade; breadth weak

The market breadth, indicating the overall health of the market, was weak. On BSE, 1,699 shares fell and 993 shares rose. A total of 140 shares were unchanged.

From the 30-member Sensex pack, 23 stocks fell and the rest of them rose.

Note : Data From Capital Market And Money Control !

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