Point to note in today’s Market:
· Monday holiday so long weekend would force leverage traders to size down position so volatility towards close to be high and profit booking has started across the globe.
· Nifty has touched 5000 16month high but many stock didn’t perform please don’t average losses and if possible prune under performer if you are a trader or short term investor(7-8months)
· Market is always efficient so all good and bad news are already built in, so it is more of emotion than other factor which play in market
· Strong stock: KFA/FSL/PATNI/MRPL/ESSAROIL/
· FII’s Sellers in cash segment if RIL deal of Rs.3188crs is taken out and they have sold in Derivative segment also.
THERMAX said it has bagged an order worth Rs 1,000 crore for a power plant being set up by a Hyderabad-based infrastructure firm. Under the contract, the company would design, construct and commission 270 MW thermal power plant.
Alstom Projects, rail transportation equipment and services provider, said it has bagged Rs 563.4 crore contract in consortium with global players for providing signalling system to the Bangalore Metro Rail Corporation Ltd (BMRCL).
FIIs invested Rs 43,837 crore ($9.05 billion) into the country's stock markets so far this year as per SEBI data close of Wednesday.
Raymond said its board has approved the proposal for commencement of realty development as new business.
Reliance Industries, said on Thursday it has raised around Rs 3,188 crore through sale of 1.50 crore equity shares of the company.
NTPC is exploring the possibility of taking over the 770 MW Patratu power plant in Jharkhand.
Ranbaxy Laboratories has entered into a deal with South Korean biotech firm Medy-Tox for marketing its cosmetic product, Neuronox in the India.
Rel Infra's order book may cross $7 billion mark.
CMIE has upped the growth forecast for India this fiscal to 5.9% from its earlier projection of 5.8%.
Buoyed by expectations of huge government spending on infrastructure, India's cement industry will spend Rs 90,000 crore in the next 6-7 years for adding around 317 million tonnes of capacity, a study says.
Inflation turned positive for the first time in three months, rising to 0.12% during the week ended September 5 as foodstuff became costlier.
U.S. stocks fell Dow -8Points (9784), pulling benchmark indexes down from 11-month highs, on concern the rally outpaced prospects for earnings growth as FedEx Corp. and Oracle Corp. reported sales that missed analysts’ estimates. Dow Fut-10Points @5.28 A.M IST
Steel imports in July surged 94% to 561,000 tonnes against 289,000 tonnes registered in the corresponding period last year, according to the Mumbai-based International Business Information Services, an independent trade intelligence body.
Headlines News:
The Government has set-up a high level panel to redress the problems of the exporting sector in wake of a sharp drop in outward shipments in the past 11 months.
Impact:
Textile, Jewelry (Diamond) and other export based stock showed strength but we have to be selective in that.
S.Kumars Nationwide Ltd has submitted to BSE a copy of Corporate Updates – Futher information on acquisition of Hartmarx Corporation (HMX) of USA by S.Kumars Nationwide Ltd (SKNL).
http://www.bseindia.com/xml-
http://www.sknl.co.in Makers of Brands like
Weekly graph SKUMARNF (Rs.52.35) the stock is waiting for a break-out above Rs.55 where near term target can be Rs.60-64 and as Textile stock show strength ahead of festive season SKUMARYNF has good volumes for entry and exit while many Textile stocks are illiquid.
SKumars Hartmarx - a compelling acquisition http://www.4shared.com/file/133900612/a86ed43a/SKUMARS-HARTMAX_Compelling_acquisition.html
· Nifty has touched 5000 16month high but many stock didn’t perform please don’t average losses and if possible prune under performer if you are a trader or short term investor(7-8months)
· Market is always efficient so all good and bad news are already built in, so it is more of emotion than other factor which play in market
· Strong stock: KFA/FSL/PATNI/MRPL/ESSAROIL/
· FII’s Sellers in cash segment if RIL deal of Rs.3188crs is taken out and they have sold in Derivative segment also.
THERMAX said it has bagged an order worth Rs 1,000 crore for a power plant being set up by a Hyderabad-based infrastructure firm. Under the contract, the company would design, construct and commission 270 MW thermal power plant.
Alstom Projects, rail transportation equipment and services provider, said it has bagged Rs 563.4 crore contract in consortium with global players for providing signalling system to the Bangalore Metro Rail Corporation Ltd (BMRCL).
FIIs invested Rs 43,837 crore ($9.05 billion) into the country's stock markets so far this year as per SEBI data close of Wednesday.
Raymond said its board has approved the proposal for commencement of realty development as new business.
Reliance Industries, said on Thursday it has raised around Rs 3,188 crore through sale of 1.50 crore equity shares of the company.
NTPC is exploring the possibility of taking over the 770 MW Patratu power plant in Jharkhand.
Ranbaxy Laboratories has entered into a deal with South Korean biotech firm Medy-Tox for marketing its cosmetic product, Neuronox in the India.
Rel Infra's order book may cross $7 billion mark.
CMIE has upped the growth forecast for India this fiscal to 5.9% from its earlier projection of 5.8%.
Buoyed by expectations of huge government spending on infrastructure, India's cement industry will spend Rs 90,000 crore in the next 6-7 years for adding around 317 million tonnes of capacity, a study says.
Inflation turned positive for the first time in three months, rising to 0.12% during the week ended September 5 as foodstuff became costlier.
U.S. stocks fell Dow -8Points (9784), pulling benchmark indexes down from 11-month highs, on concern the rally outpaced prospects for earnings growth as FedEx Corp. and Oracle Corp. reported sales that missed analysts’ estimates. Dow Fut-10Points @5.28 A.M IST
Steel imports in July surged 94% to 561,000 tonnes against 289,000 tonnes registered in the corresponding period last year, according to the Mumbai-based International Business Information Services, an independent trade intelligence body.
Headlines News:
The Government has set-up a high level panel to redress the problems of the exporting sector in wake of a sharp drop in outward shipments in the past 11 months.
Impact:
Textile, Jewelry (Diamond) and other export based stock showed strength but we have to be selective in that.
S.Kumars Nationwide Ltd has submitted to BSE a copy of Corporate Updates – Futher information on acquisition of Hartmarx Corporation (HMX) of USA by S.Kumars Nationwide Ltd (SKNL).
http://www.bseindia.com/xml-
http://www.sknl.co.in Makers of Brands like
Weekly graph SKUMARNF (Rs.52.35) the stock is waiting for a break-out above Rs.55 where near term target can be Rs.60-64 and as Textile stock show strength ahead of festive season SKUMARYNF has good volumes for entry and exit while many Textile stocks are illiquid.
