STOCK BUZZ

According to sources, Tata Sons has sold its 1% stake in TCS via a block deal today. The 1% TCS stake has been sold to various funds, DSP ML being the sole book runner, sources added. CNBC-TV18 Disclaimer This information is source-based and has not been provided to the stock exchanges..

Will hedge funds change their charter post Sebi's P-Note policy or will they look at an alternative way of investing in India? According to analysts, hedge fund inflows going into the market is around 10-30%. Macquarie said 20-30% of total participants would be unregulated hedge funds. There are around 1,000 hedge funds, which are operating worldwide. About 70-80% operate from US. Most hedge funds came to India in early 2002 as they did not want to be regulated So, what is the view of hedge funds on the markets? Most hedge funds across the world said India might see volumes drop down in the short- to medium-term. They feel there will be a likely level-playing field after new categories of investors like pension funds and retirement funds get recognised. They also don't see panic in the market. According to analysts, there are other investment options. Hedge funds need to change their charter to convert from long-short to long only funds. Investors would opt for hedge funds or f...

As per yesterday recommendation >> Torrent gave a return of RS 6.35/-, NTPC gave a return of RS 8/. Buy for today Buy Nitin Fire > 410.1,419,424,439 Stop Loss 408 Buy GMR INFRA > 179.1,181.2,185 Stop Loss 175

Yesterday trading recommendations yielded returns which are far superior than paid tips as can be visualised that Torrent Pharma gave a return of RS 4.25, Glenmark gave a return of RS 35/-,NTPC gave a return of RS 4/-, Satyam gave a return of RS 13/- and Bharti Airtel gave a return of Rs 24/- per share. I know day traders are minting money with the free tips for Indian stock market. Buy Torrent Power > 164.5,167,169.9,171.6 Stop Loss 160.9 Buy NTPC > 235.1,239,244 Stop Loss 233.9 Buy Satyam > 484.1,489,494,499 Stop Loss 479

Market scaled to new height of 20000 mark. Day trading recommendations gave tremendous returns like NTPC gave a return of RS 9 and Airtel gave a return of Rs 21. Hope you all have made money with our suggestions Buy Torrent Pharma > 164.1,165.6,169.6,172 Stop loss 161.5 Buy Glenmark > 454.1,465,479 Stop loss 449.9 Buy Satyam > 488.1,491,497 Stop loss 484.75

NIIT , Asia’s largest trainer and leading Global Talent Development Corporation and Adobe Systems Incorporated have entered into a global alliance to create talent pool for Design, Web, Mobile and Interactive Media. . Through this strategic partnership, NIIT will offer training programs on Adobe’s software tools and technologies used in business, entertainment and personal communication, across its network of 32 countries. Global leader, Adobe will provide access to its software tools and technologies in the emerging creative space, and enable the large software developer community and creative professionals to skill themselves for the Media, rich interactive Web 2.0, and Animation & Gaming industries. Adobe and NIIT will also jointly set up showcase centres in key Indian metro cities. NIIT will also offer the training programs in emerging markets such as China and Vietnam , in addition to 30 other countries in its global network. Speaking at a press conference in the capit...

Buy for today ( NTPC, IDEA, Bharati Airtel ) Buy NTPC >231.1, 233, 237 Stop loss 229.9 Buy IDEA >141.1, 145, 148, Stop loss 139.3 Buy Bharti Airtel >1004.5, 1011, 1023 Stop loss 999

As i mentioned earlier this is a portfolio stock 30 to 50 % returns yoy is assured. Stock price should have been 200+ ,its getting out of the retail investors who go it through ipo . I dont see its going down with huge volumes 146 is the support at downside. last time it bounced back from that level ,in days to come it will trade in the range of 175 + if some one is serious about investment of 2 to 3years horizon This is the infra stock to hold on its trading at a PE of 8 where as roman torat is trading with PE multiple of 23 ,and the only stock with returns of 15% after PAT where as industry average is 6 to 9% with all these positive factors if some one do not want to invest ,then its not a prudent decision for good stock market investor . Ask the analysts if you are not sure certainly they would recommend one news from company would take the price up ,think about buying it when its available at a attractive price Down side from here is less than 10 rupees so a safe bet

NIIT Tech has announced its second quarter results. Here are the key concall takeaways: Order intake in qtr at USD 49 mn in the qtr, total order book at USD 101 mn Second half seen better than first half Challenges in BPO and ROOM biz Lower revenues in ROOM impacted IT services revenues Expect 800-850 people in the year, 150-200 BPO, higher growth in head count in second half Exchange rate 40.8 US rev contribution 31%, Europe 51% 45% BFSI, 24% Retail Volume inc 1% QoQ Operating Margins at 19% Top 5: 35% revenues contribution Top 10: 37% Forex gain of Rs 42 million Core IT solutions business(excluding revenues from BPO and the newly integrated ROOM solutions) contributed Rs.191.2 crore to the consolidated revenues. BPO business contributed Rs. 12.1 crore ROOM Solutions contributed Rs.26.6 crore to the total pie. IT solutions business grew 3.6% QoQ. Added 6 new customers including excellent scalable accounts in the Travel &Transportation In all, 235 people were a...

UTI Mutual Fund is widening the investment objective of its existing UTI-GSF-Petro and renaming the Fund to UTI Energy Fund. The investment objective of UTI Energy Fund will cover the entire energy sector to capitalize on the emerging opportunities across the sector. In addition to investing in stocks in the oil & gas sector covering companies engaged in drilling, exploration, refining of crude oil and distribution, UTI Energy Fund will also invest in power generation companies (power generation, transmission, distribution and power trading & companies involved in consulting and financing these businesses), energy storage and distribution companies and equipment manufacturers for the energy sector. The fund is an Open ended in nature with minimum application amount is Rs.5000. Subsequent minimum investment is Rs.1000. Minimum investment under SIP is Rs.500 for monthly and Rs.1500 for quarterly plans. UTI Mutual Fund has assets under management of Rs.45002.62 crore and invest...

Recap Guj alkali gave a return of Rs 1.5 and Cipla gave a return of Rs 3.75 per share Today Buy for Oct 25th Buy Bank Of India>307.2, 309.9, 313, 318, 323 SL 302

As per my yesterday suggestion MTNL gave return of Rs 3.8 per share. Today Buy Buy Cipla>197.1, 198.35,203.5 SL 194.9 Buy Gujarat Alkali>154.1,156.7,161.65 SL 151.8

Todays Buy Buy MTNL>183.1,188,196 SL 179

Our market are likely to open weak as American and European market fall over friday. The market is likely to extend its losses due to Participatory Notes Crisis and this week volatility will be high due to expiry on 25 Oct 2007 for the derivatives contracts. Buy Wipro>500 ,510,513.9,527 SL 495.9 Sell SAIL Please watch market for first 15 mins before undertaking any Buy action.

What a week it has been. We have hit an all time high. We have swung nearly about 2000 points on the Sensex and closed above 650 points on the Nifty . All that has culminated in a very disappointing close for the market especially today when the Sensex itself has closed close to about 400-500 points shave off itself there. That's an intraday volatility of about 800 points and the Nifty as well for its part has oscillated pretty much like a pendulum to close about a 135 points down and that nearly about a 300 points oscillation from the highs to the lows of the day. All this has been done on very high turnovers.   Volumes is what we have been concentrating on for the better part of the last few days. Yet, again 1 lakh crore crossed quite convincingly in trade today. The breadth continues to be abysmal to say the least. 1,000 stocks plus on declining front to just about a 100 odd on advances front. So that's not looking too good in terms of market internals.   But the dis...

Vikram Sharma , Managing Director of Supreme Infrastructure India said they have a current order book of Rs 450 crore. He sees FY08 topline at over Rs 150 crore and FY09 at over Rs 220 crore. He expects FY08 profits at over Rs 30 crore, while FY08 EPS is seen at Rs 18-22. Rs 110 crore worth of orders are to be executed in Q3 and Q4, he said. The company had entered capital market with an initial public offer (IPO) of upto 34,75,000 equity shares of Rs 10 each for cash. The issue was oversubscribed around 52.53 times. The proceeds of the proposed IPO are to part-finance its expansion plans, mainly for adding capacities in its RMC plants and meeting its long-term capital requirements. SIIL also plans to foray into the construction contracting activity in the real estate projects.

Foreign fund managers are a worried lot today. They are also living in uncertain times. Sebi's proposals to change some of the rules how overseas derivatives instruments (ODIs, popularly participatory notes or P-Notes) could be issued by FIIs, have nearly stopped new P-Note issuance by FIIs. And although the proposals are at a discussion stage, FIIs believe there won't be much change in the final draft. The result has been nearly $1.7 billion (Rs 6,600 crore) worth of record FII outflows from the Indian stock market on Wednesday, provisional data showed. While about Rs 2,000 crore went out of the cash market, Rs 4,600 crore was withdrawn through the derivatives segment. Institutional dealers and top foreign brokerage house officials said that there is every likelihood market could witness outflows of similar magnitude over the next few days, said a dealer with a foreign brokerage. JP Morgan, a global financial powerhouse, said in a note that the potential near-term outflow was ...

The Finance Minister's goal is to moderate capital inflows. Sebi 's aim is to clean up the system. CNBC-TV18 reports on what may have prompted the regulator into action. Why did Sebi choose to target P-notes based on derivatives? Experts say that it is because the instrument was considerably complicating matters. Many foreign investors could take a 6-month to 1-year position in the Indian derivatives market, that too using a derivative based P-note, whereas contracts in India are one or three months in tenure. Also, sources said that the exposure of some FIIs to the Indian market via derivative-based P-notes was noticed to be as high as 1000% of its total investments in the country. This led some market watchers to believe that a lot of Indian money could be roundtripping back to India via P-notes. Also, many FIIs were said to be getting rather innovative with the way they structured P- note investments. For instance, some FIIs reportedly offer an over the counter product that ...

I hope everyone had secured there investment with dramatic turnover in one day. On Wednesday market will continue its Bull Run . Buy ACE> 380.1,389,394,399 Sl 375.9 Buy Power Grid for Long Term.

It was shocking day for the markets. Two days after crossing the 19,000-mark, the BSE Sensex on Wednesday crashed in the wake of a proposal to tighten participatory notes (PNs) by Sebi. Participatory Notes are financial instruments used by investors or hedge funds that are not registered with the Securities and Exchange Board of India to invest in Indian securities. Indian-based brokerages buy India-based securities and then issue participatory notes to foreign investors. Any dividends or capital gains collected from the underlying securities go back to the investors. Investopedia Says: In many ways, this is similar to an informal ADR process, where brokerages hold on to stocks for foreign investors. However, Indian regulators are not very happy about participatory notes because they have no way to know who owns the underlying securities. Regulators fear that hedge funds acting through participatory notes will cause economic volatility in India's exchanges. The Sensex opened with ...

Buy RCOM 762.1,776,792 SL 749.9 Sell India Infoline 996.9,990,980,970,965 SL 1001.1 Sell Reliance communications (RCOM) 744.9,730 Sl 751

Textile companies have alleged that delays in disbursement of loans under the Technology Upgradation Funds Scheme (TUFS) are resulting in quarterly losses to the tune of Rs 350 crore to the sector. The companies say they do not have enough funds to place orders for new machines and raw material, a situation that is affecting their productivity and consequent profitability. In a letter to Textiles Minister Shankersinh Vaghela, the Confederation of Indian Textile Industry (CITI) has claimed the arrears are piling up and adding to the troubles of a sector already hit by the appreciating rupee. Former association chairman V K Ladia said, “Due to the delay in providing loans, companies are unable to even buy fresh stocks of cotton.” “In South India, the TUFS interest subsidy arrears stood at over Rs 11.7 crore up to December 2006. Since then, the arrears are piling up as another 10 months have passed,” CITI sources said, adding that the total nation-wide outstanding dues were in the region ...

Bharti Airtel and Tata Motors gave a huge breakout, as Bharti Airtel hit a high of 1134 and Tata Motors hit a high of 826. Today's Buy Reliance Communications>755.1,761,764,777 Sl 742 6 Months gain >> Gateway Distripak

On the heels of SBI and ICICI Bank, the largest lenders in the country, announcing a cut in their floating home loan rates, IDBI Bank too has reduced its flexible rates on housing loan by 0.50 per cent to 10.50 per cent. While State Bank of India had cut interest rates on home, auto and personal loans by 0.5 to 1 per cent, ICICI Bank have reduced its rates by 0.25-0.50 per cent on home, car and personal loans. In September, HDFC too cut its rates on floating home loans by 0.5 per cent. Bank of Baroda and Axis Bank too pared their rates. The reduction in home loan rates by leading banks comes at a time when overall credit growth has slowed down to no more than 24 per cent for April-September period compared to 31 per cent in the corresponding period last fiscal. It is believed that degrowth in lending is due RBI's unleashing a harder interest regime as a part of its measures to tighten the liquidity situation in the country. The housing loan rate has moved up from about 3 per cen...

H1 Revenues at Rs 10,843 cr ($2.7b) up 25.3% Y-o-Y H1 Net Profit at Rs 2,455 cr ($ 610m) up 29% Y-o-Y Q2 Revenues at Rs 5,640 cr ($ 1.42b); up 25.4% Y-o-Y Q-o-Q Revenues: Up 8.4% in Re terms; up 10.8% in $ terms Q2 Net Profit at Rs 1,252 cr ($ 314m) up 22.8% Y-on-Y Q-o-Q Net Profits: Up 4.1% in Re terms; up 6.3% in $ terms Full Services Play: Over 50% of Q2 revenues from new services First India-based IT firm to cross landmark of 100,000 employees

The stock market barometer Sensex today crossed and closed above the psychologically satisfying 19,000-point mark, adding 1,000 points in a record four sessions, on aggressive buying by funds in front line stocks. The Sensex, which snapped its upward march on Friday after Finance Minister P Chidambaram voiced concerns about the rise in stock prices, resumed the rally today and mopped up nearly 639.63 points to settle at 19,058.69. It touched an intra-day high of 19,095.75 points. The rise has inflated the notional wealth of investors by Rs 2,11,700 crore to over Rs 58 trillion. The 30 Sensex scrips contributed for Rs 96,000 crore to this wealth addition measured in terms of gain in market capitalisation in a single day. The current rally was mainly supported by metal sector, whose index rose the most at 1358.74 points to touch 16,200.18, a hefty rise never seen before. Capital goods index was the second best performer with a gain of 505.01 points at 17,119.70. The 1,000-point...

Stock Market update :According to highly placed sources, Reliance Power, which is the wholly owned subsidiary of Reliance Energy, plans to hit the bourses with an IPO this time. Anil Ambani is quite eager to raise about Rs 8 to 10 billion to fund its ultra mega power project of 4,000 MW at Sasan. Buy Section Buy Bharti Airtel>1078,1099,1129 Sl 1067.9 Buy Tata Motors>811.1,831,860 Sl 802.9

The government may allow 100 per cent foreign direct investment in oil and petroleum marketing companies. This follows a review of the FDI norms by the nodal body for policy making in foreign investment — the Department of Industrial Promotion and Policy (DIPP). At present, if a foreign company sets up an oil marketing company, it is required to divest 26 per cent in favour of an Indian partner within a period of five years. This holds good for oil refining companies as well. Sources close to the development said that there were many applications from foreign companies to market oil and petroleum. The government, according to them, was thinking of allowing 100 per cent FDI on a case to case basis. However, both the Foreign Investment Promotion Board (FIPB) and the DIPP have taken a joint policy decision to allow 100 per cent FDI in oil marketing companies. “The move is welcome from both the industry and consumer perspectives. In the current situation, oil marketing may not be attractiv...

Tata Consultancy Services (TCS) is to come out with second quarter numbers of FY08. According to CNBC-TV18 estimates, the company is likely to post 2.3% growth in its second quarter net profit at Rs 1212.4 crore against its Rs 1185.5 crore in previous quarter of the same year. Revenues are expected to go up 6.9% to Rs 5563.7 crore versus Rs 5202.8 crore QoQ. Factors to watch Could see strong volume growth but some of the recent ramp ups could reflect in next quarter Pricing upside and utilisation gains to be offset by promotion related salary hikes Lower forex gains to hit net margins; most estimate gain of Rs 80 crore vs Rs 107 crore gain in Q1 Profits to be optically lower due to Rs 25 crore tax write back Likely to hire more than 10000 employees

1) RIL Buy -- CMP : Target -- 2660 Stop Loss --2580 2)Rajesh Exports Ltd. Buy -- CMP : Target --945 Stop Loss --905 3) Reliance Energy Buy -- CMP : Target -- 1630 Stop Loss --1575

All recommendation paid of good with Wipro hitting 506 and Torrent Power went up to 141.4. I hope all readers are making profit with me. Buy for today >> Buy TCS >1130.5, 1137,1149 Sl 1124.9 Buy Infosys>2142.1, 2158, 2190 Sl 2125

Buy Torrent power for day trading for a target of 149. Buy it above 135.1 with stop loss 131.9 CNBC has predicted a 8% rise in Infosys profits and Infosys has hedged itself by increasing its work in Europe. Buy MindTree >506, 519, 524, 539, 543 Sl 494.9 Buy Wipro >493, 500, 511 Sl 488.9 Buy HCL Tech >323, 325, 330 Sl 319.9

Indowind Energy UBS Sec buys 5 lakh shares at Rs 150/sh Emco Franklin Templeton MF buys 5 lakh shares at Rs 1060/sh (4.9% stake) Morgan Stanley MF sells 5.43 lakh shares at Rs 1060/sh Gateway Distriparks LIC buys 5.8 lakh shares at Rs 144/sh (0.5% stake) Power Grid Janus Special Equity Fund buys 2.85 cr shares at Rs 103/sh Parekh Aluminex Merrill Lynch Capital Markets buys 1.25 lakh shares at Rs 205/sh Morgan Stanley buys 40 thousand shares at Rs 225/sh Eyeballs Media Marketing sells 75 thousand shares at Rs 225/sh Sai Ent sells 1.29 lakh shares at Rs 205.1/sh

Buy NTPC at current level. This stock was moving up a few days back but now its taking breather . This is right time to buy NTPC if you are looking for Long term .

The sector that has been a fence sitter throughout the spectacular stock matter rally, is Information Technology (IT), whose main concern has been the appreciation of the Rupee, which breached the 40-mark against the US Dollar last month and is presently at 39.48/49 a Dollar, as on October 5. Notwithstanding the pharma stocks which seem disinterested whether its a 15-16-17 or 18,000 mark rally, almost all of the sectors, be it construction, power, metals, retail, or banking; stood up and asked to be counted for, in the unbelievable run-up. IT, not long ago was considered to be the blue-eyed boy of the Indian stock market, and had lead the markets to many of its previous highs, even when the good old economy stocks had given-up. IT was the flavor of every season and on everybody`s list, be it a fund manager, FII, retail investor, trader or a punter. IT scrips which were once a matter of pride to have in ones portfolio have off-late been a matter of ridicule and failure to many. Major ...

Buy Gold with a long term outlook, especially at the current price. See below for recent articles. Gold imports by India, the world's largest consumer of the metal, are unlikely to top 1,000 tonnes this year but are on course to hit a record above 800 tonnes, trade officials said. Rising incomes from a booming Indian economy and a stronger rupee have helped demand for gold, traditionally used in jewellery but now also favoured as an investment. But a spurt in prices has made buyers wary, while other investment opportunities such as a bullish stock market lure money away. Imports by the end of the year may be "closer to 800-850 tonnes", Rajan Venkatesh, director - India bullion at Bank of Nova Scotia, said. The first half of the year has been very good, but sales are not as buoyant now.Imports in 2006 were 715 tonnes.While purchases between January and August this year were 664 tonnes, up 87 percent from a year earlier, it said. A firmer Indian rupee, which has climbed ab...

Ispat Industries & RIIL >>> Buy for Oct 8th Ispat Industries Buy -- CMP Target -- 33 Stop Loss --28 RIIL Buy -- CMP Target -- 1779 Stop Loss --1650

In recent months, the interest in gold has grown palpably among investors across the world. Among the key reasons contributing to this sudden interest in gold is the fact that other asset classes, like stocks and bonds, seem very risky today. So, in a sense, there is a flight to safety as one would expect. And the fact that gold, relative to such assets, has been a very poor performer over three decades has only made it appear more attractive. Data source: World Gold Council The graph shows how gold has returned, in different currencies, since the start of 2007. It is apparent from this self-explanatory graph that if you were invested in gold, in US$ terms, your investment would have been by far the best performer. But if you were invested in Indian Rupees (which you are), you did not fare all that well. But if gold is a standard commodity, why is the return different in terms of different currencies? The answer lies in the exchange rate. In recent months, the India Rupee has apprecia...

Unexpected speed bumps threaten to disrupt India’s defence offsets programme, through which the Ministry of Defence (MoD) hopes to generate Rs 60,000 crore to Rs 84,000 crore worth of business in India’s defence industry via foreign investment. This newspaper has already reported how two top managers of the offsets programme have been changed at a crucial time. Now Business Standard has learned that India’s first ever offsets deal, which involves Israeli defence major ELTA in partnership with Indian private companies L&T and Astra Microwave, is in trouble. Top MoD officials, speaking on condition of anonymity, have told Business Standard that the Central Vigilance Commission (CVC) is scrutinising the deal for ELTA to supply radars to the air force. After a series of raids early this year on businessmen associated with Israeli defence companies, the MoD has played it safe by referring the ELTA deal to the CVC. For over six months now, the CVC has held on to the file. As a result, a ...

>> Buy Adlabs>581.1,589,592,599,610 SL 576 >> Buy PFC>222.1,226,229,232 Sl 219.9 Power sector are really buzzing thru market. Reliance energy as recommended as a delivery as a few days back has given a real stupendous returns by crossing 1500. Market may experience a huge volatility any time so caution is only the key word as market is oscillating between positive and negative territory.

India’s principal power transmission company, Power Grid Corporation of India will list on the bourses with public issue shares on Friday, October 5, 2007. Analysts told Moneycontrol.com that the stock may list above Rs 85 and advised to hold the stock for short term. S P Tulsian of sptulsian.com said, "Power Grid Corporation is likely to list at Rs 85 on Friday. Buying is advised below Rs 80, while allottees are advised to hold the stock for 2-3 months." According to R S Iyer of KR Choksey Securities, "The stock is expected to list at around Rs 85-90. It also could see three digit mark on the back of huge buying for long term. But for the time being, investors, who got allotment, can book profits above Rs 95." "Power Grid may open at around Rs 82 and advised to hold for long term. It looks attractive with short to long term perspective as there is no major competitor to the company", said Manish Bhatt of Prabhudas Lilladher. Arpit Agrawal, Head of Researc...

Technical Analyst, Ashwani Gujral is of the view that one should buy Industrial Finance Corporation of India , IFCI on all dips. Gujral told CNBC-TV18, "IFCI now has strong support around Rs 85-88 and on the upside targets for about Rs 120 are easily possible. The stock is now entered a fresh bull market and you should expect further highs in the stock. So buy on all kinds of dips."

CNBC-TV18 has learnt that Asia's largest IT firm Tata Consultancy Services , or TCS, may have made it to the final shortlist for a USD 1.5 billion outsourcing deal from UK financial services firm- Prudential . While declining to comment on any specific deal, the UK Chief of TCS said that it was bidding for a large outsourcing contract in the financial services space. “First of all, it is client confidential. The client truly believes that TCS not only offers solutions for today but also the future. It is in the banking, financial services and insurance sector,” said A.S. Lakshiminarayanan , VP & Country Manager, UK & Ireland , TCS. CNBC-TV18 Disclaimer This information is source-based and has not been provided to the stock-exchanges.

Market has been on bullish run from long term. I hope everyone has book profit during this period. Some amount of correction is expected in next 10 days. But i am positive as sector like Construction, Oil and Energy will really do good till year end. Keep close eye on upcoming suggestions.

Buy " SAIL : 205, 206 , SL 202 " Buy " GAIL : 396, 398, SL 392 " for long term