Thursday, 12 September 2013

Morning Bells (12 Sept 13)

Morning Bells (12 Aug 13)
Good Morning Friends.

Agar koi hamare khane me zahar mila de to ooska fir bhi upchar he… magar agar koi kano me zahar ghol de to ooska koi upchar nahi he.

As discussed, after straight 4 session and terrific Tuesday it was expected some rest or profit booking. Today Nifty went down approx 60 points (informed during the day for 5830) and when it was 5830 again I had informed for a recovery and Nifty turned green and closes above 5900 mark. Strong gains were seen in banking and metal stocks.

Well what I strongly stated few days back is again coming to reality about our country’s debt structure, according to reports Govt. is planning to lend money from world bank and to my view is not right step. We already have enough debt in terms of FDI (yes those investment is like loan because when they will start taking back we all know how we go from 6200 to 5100)

Well here’s report - The cabinet will on Thursday consider a finance ministry proposal to borrow an additional USD 4.3 billion from an arm of the World Bank, according to a cabinet agenda document. Under the proposal India would borrow the money from the International Bank of Reconstruction and Development (IBRD), a World Bank subsidiary, according to the note seen by Reuters on Wednesday, which did not give more details. It was not immediately clear how quickly the money would reach India if approved, or the terms of such loans.

A World Bank spokeswoman said she could not immediately comment. The IBRD usually gives such loans for development and infrastructure programmes, which are often disbursed in tranches over a long period.

In the near term, market movement is likely to be choppy as there are slew of important economic data, which are scheduled to be released. Industrial Production for July and CPI for Combined, Rural, and Urban for August will be released on September 12. While, August trade data and rail freight traffic data are among the other data to be announced.

The next trigger for the market is likely to be FOMC meet on September 17. Even Raghuram Rajan's maiden RBI monetary policy on September 20 will be closely watched by investors.

So as per current momentum Nifty may take a break somewhere between 5950-6000. If it breach 6010 level then chances are high for higher levels.

Banks may lose shine once Nifty reaches around 6000 level.

(Stock that can see some good moves either side)

Tata Motors –
TM made good move from 291 to 350 and closed 340. If market goes positive then some steam still left here.

TM Call update - 380CE @4 and now keeping SL 335 in cash with TG 351+ and then to use trailing SL.

Aditya Birla Group firm UltraTech Cement today said it will acquire Gujarat cement unit of Jaypee Cement Corp for Rs 3,800 crore. UltraTech Cement will acquire the Gujarat Cement Unit of Jaypee Cement Corp Gujarat Cement Unit comprises of an integrated cement unit at Sewagram and grinding unit at Wankbori, the company said in a statement. The combined capacity of both the divisions is 4.8 million tonnes along with 57.5 MW coal-based thermal power plant, limestone reserves of over 90 years at current capacity and a captive jetty at Sewagram.

Talking about the company's debt, Executive Chairman of Jaypee group Manoj Gaur said monetization of Gujarat cement plant is the first step towards debt reduction, which will go down by 15 percent post the deal with Ultratech.

Real Estate –
Factors like tighter monetary policies by RBI, depressed domestic economic conditions, exodus of private equity funds, outflow of money from the property market for impending elections are converging after a decade setting a stage for a deep correction in Indian real estate.

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