Stock indices rose, with the Bombay Stock Exchange Sensitive Index, or the Sensex, posting its highest weekly gain in 17 years.The Sensex closed at 13,887.15 points, up 150.61 points or 1.1 per cent. The S&P CNX Nifty gained 27.60 points, or 0.66 per cent, to close at 4238.50. Over th…

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BSE Sensex: (13887) we said ‘there is a possibility of some more profit booking but a violent up move cannot be ruled out’ and the market unfolded as expected and closed positive and has thrown in a crucial support at 13611 and the market is said to be UP as long as 13611 holds. The …

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We said ‘Technically I would still maintain that the trend is still intact up and has not been compromised. Our technical targets of 12569-12858 still stand valid. We have a strong cycle day approaching on 18th & 19th May, which are known as typical Pressure days. These are simpl…

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Motilal Oswal has maintained its buy rating on Nestle India, in its report dated May 18, 2009. “In 1QCY09, Nestle India reported 10.7% (11.8% excluding discontinued products) growth in domestic volumes and 25% decline in export volumes as against overall volume growth of 16.9% in C…

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Motilal Oswal has recommended a buy rating on Godrej Consumer Products, in its report dated May 19, 2009. “Godrej Consumer Products net sales grew 26% YoY to Rs 3.4 billion (v/s our estimate of Rs 3.1 billion). Gross margin declined 850bp YoY to 49.1% (up 760bp QoQ). However, lower…

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Motilal Oswal has maintained its buy rating on Grasim Industries with a target price of Rs 2,536 in its May 19, 2009 research report. “Grasim’s 4QFY09 results were above estimates, with EBITDA margin of 23.6% and PAT of Rs 3.85 billion. Performance was driven by significant QoQ i…

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Markets likley to open flat. Buy Rolta at 109, target: 117. Stoploss: 106 If markets show weakness later during the day, short sell: Aban Offshore …

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Trading action shifted to small and mid-cap stocks. Hence, as expected, the Nifty closed below 4,300 levels at 4,270. It is difficult to predict the index movement from the current level as the overall trend is up. The Nifty June futures closed at 4,299, 30 points premium to the spot, whi…

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Markets would continue to remain under pressure as the whole elections is a bit overdone. Though the convincing win for the UPA has been greeted with cheers, the road to recovery will not be a smooth one. It was the second straight trading session of losses for the Sensex. Along with the…

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BSE Sensex: (13736) we said ‘I would still be cautious as profit booking is expected at these levels as market has given an unusual bonanza’ and the market unfolded as expected losing over 300 points…there is a possibility of some more profit booking but a violent up move cannot be …

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