Share to win ~ Fatpipe Networks issue opens on June 7

Fatpipe Networks India has fixed a price band for its public issue at Rs 82-85 a share. The issue will open for subscription on June 7 and will close on June 9, 2010.

The company provides global corporations and government offices with technology that increases the security and reliability of Wide Area Networks, corporate extranets, Virtual Private Networks and all last-mile Internet connections, including wireless connectivity.

The company holds patents on a technology called 'Router-Clustering', which enables customers to obtain highly redundant and fast Internet/WAN access.

Promoters and their group hold 37.29% stake in the company. Major shareholders like Sanchaita Datta, vSpring Management and Ragula Bhaskar have over 16% stake each in the company.

Issue proceeds will be used for expanding the product line with enhanced research and development activities, specifically for development of new product-lines; for establishing 16 new Marketing Offices across the globe including additional offices in the USA; for strategic acquisition of business/ company and for margin money for working capital requirement. The company estimated cost for above objects at Rs 6.76 crore, Rs 10.08 crore, Rs 15 crore and Rs 7.2 crore, respectively.

The book running lead manager to the issue is Keynote Corporate Services and Karvy Computershare Private Limited is the registrar.

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Nifty closes with modest gains - By Share to win

The benchmark Nifty continued its upmove for the fourth consecutive day and closed with marginal gains after seeing extreme volatility throughout the session. Oil & gas, auto, select capital goods, banking and metal companies' shares helped the index.

However, Sterlite, TCS, Infosys, Suzlon, DLF, Jaiprakas Associates, Reliance Communications, HDFC Bank, Siemens, Unitech, ACC, ABB, Hindalco and Cipla were the only loser.

The 30-share BSE Sensex closed at 16,944.63, up 81.57 points or 0.48% and the 50-share NSE Nifty rose 19.75 points or 0.39% to settle at 5,086.30, after trading in a range of 5038.55-5097.60.

Ray Barros, CEO, Ray Barros Trading Group said, the general bias at the moment was to the upside. “There is a direct correlation between the US markets and the Indian markets. There is no question in my mind that atleast over the next two-three weeks the US markets will be heading higher. So the bias for the Indian market will be to the upside for the next two-three weeks.”

Asian and European markets were also mixed in trade today. Asian markets like Jakarta and Straits Times were up 2-3%. Kospi and Taiwan Weighted went up 1% each. However, Shanghai fell 2.4%; Hang Seng and Nikkei were flat. European markets were flat, at the time of closing of Indian equities.

Punj Lloyd and Suzlon Energy crashed on disappointing results, both slipped over 12.5% and 7.5%, respectively. Punj reported consolidated net loss of Rs 301 crore in Q4FY10 as against loss of Rs 256 crore. Suzlon reported Q4FY10 loss of Rs 188 crore versus profit of Rs 314 crore.

Oil & gas was the leading pack today. ONGC, Cairn and BPCL rose 3-3.5%. GAIL was up 1.2% and Reliance Industries was up 0.9%.

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Experts' Stock Tips for this week

On Reliance Industries:

Keep Rs 950 stoploss in Reliance Industries, says Technical Analyst, Ashwani Gujral. Gujral told CNBC-TV18, "Reliance is range bound. Whenever the markets get bad this tends to go below Rs 1000, so that’s a good time to enter. Keep Rs 950 as a stop and keep modest targets of Rs 1080, incase the markets become to bullish may be Rs 1140. So broadly Rs 980 on the downside and may be Rs 1140 on the upside that’s the range for Reliance."

On DLF:

Exit DLF at Rs 340-345, advices Ashwani Gujral. Gujral told CNBC-TV18, "DLF has hit a longer term support of about Rs 250. In this pull back if markets continue to move higher may be levels of Rs 340-345 are good levels to exit because real estate and real estate stocks are two different things. Real estate stocks are not moving because of balance sheet issues and all those other things because people assume that if real estate is going up, real estate stocks should go up." He further added, "Real estate has been in bear market much before the Nifty started falling. So this is probably the weakest sector."

On Mahindra and Mahindra:

Above Rs 600 Mahindra and Mahindra (M&M) can test Rs 720, says Gujral.

Gujral told CNBC-TV18, "Broadly Mahindra and Mahindra is in a range of about Rs 480 to Rs 600. But whenever the stock gets past Rs 600 it could get up to levels of Rs 720 also."

He further added, "I think the good thing about this trade is that the stoploss is pretty close by Rs 480-490 that was the level it hit in the recent correction, so keep that as a stop. Once we can get past Rs 600 then may be another Rs 120 may be on the table."


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NSE Nifty was trading in positive on May 28th

NSE Nifty was trading in positive terrain for third consecutive day following good global cues. However, the indices came off a bit from their highs today due to profit booking at higher levels. It seemed like they were consolidating after sharp rally in last two days.

Asian markets were trading 0.7-1.7% higher while only Shanghai slipped 0.4%.

The 30-share BSE Sensex was trading at 16774, up 108 points and the Nifty was at 5034, up 31 points. However, the Nifty June future was trading with 22 points discount. The BSE Metal and Realty indices gained 2.6-3%. SAIL, Sterlite Industries, Jindal Steel, Tata Steel and Hindalco from metal segment were up 1.5-4%.

ITC from FMCG space gained 2% and HUL was up 0.6%. ONGC and Cairn India from oil & gas exploration pack rose 1.5% each and Reliance Industries went up 0.6%. RIL has made 5th oil discovery in block CB-ONN-2003/1.

DLF and Unitech from realty segment went up 2% each. Reliance Communications and Idea Cellular from telecom pack moved up 1.2-1.7%; and Bharti Airtel was up just 0.4%.

Suzlon Energy from power space rose nearly 4%. Tata Power, Power Grid and NTPC gained 0.9-1.4%.

ACC from cement pack went up 1.5% and Ambuja Cements up 0.6%.

However, ICICI Bank, Maruti, BPCL, L&T, GAIL, IDFC and Reliance Infrastructure were the only losers.

About 2005 shares advanced while 853 shares declined on the BSE. Nearly 439 shares were unchanged.

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Nifty ends above 5K per provisional data

The benchmark Nifty showed magnificent recovery in last two days and closed May expiry session above the 5,000 mark led by strong global cues and buying in heavyweights.

The Sensex closed at 16677, up 289 points and the Nifty was at 5003, up 85 points, as per provisional data.

European markets were up 1.8-2% and Dow & Nasdaq Futures gained 2% each.


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Nifty surpassed 4950 level

The benchmark Sensex rallied further by more than 150 points while the Nifty surpassed 4950 level. ONGC, Reliance Industries, Sterlite Industries, ITC and BHEL were leading counters, which gained 4.7%, 1%, 5%, 2% and 1.5%, respectively. But the volatility was still lingering ahead of May expiry today.

Positive European cues were also quite supportive; CAC, DAX and FTSE gained 1% each. Asian markets also moved up further; Shanghai, Nikkei and Taiwan were up over 1% each. Hang Seng, Straits Times and Kospi went up 1.5-1.7%.

The Sensex was trading at 16538, up 150 points and the Nifty was at 4958, up 40 points on the back of short covering.

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Nifty was trading at 4902 on May 27th

The benchmark Nifty started the day on a flat note along with mild volatility. Today is the F&O expiry for May series. Asian markets also looked quite mixed in trade, so the markets were into consolidation phase after yesterday's rally. Nifty was trading at 4902, down 15 points and the Sensex was at 16343, down 44 points.

The BSE Smallcap Index rose 16 points to 8330. About 312 shares advanced while 375 shares declined on the NSE.

Among the frontliners, ICICI Bank, SAIL, TCS, Reliance Infrastructure, Unitech, Ambuja Cements, Hindalco, Suzlon Energy, Infosys, Reliance Industries, Jaiprakash Associates and IDFC were witnessing selling pressure.

Tata Steel was down 1.8% despite better-than-expected numbers.

However, Sterlite Industries, Sun Pharma, HUL, Cairn (ahead of numbers), ONGC and BHEL were gainers in early trade.

Adani Enterprises tumbled 6% post block deal; 50 lakh shares changed hands on NSE and BSE at Rs 534/share. Everest Kanto was down 2.7% on numbers. Piramal Healthcare, Aban, Gujarat NRE Coke and Educomp Solutions were down 1.5% each. However, Godrej Industries gained 3.8% post results.

Apollo Tyres was up 2%, Hexaware up 4%, GMDC up 3% and Pipavav Shipyard up 2.5%.

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Nifty holding the 4850 level

The 50-share NSE Nifty was holding the 4850 level and the Sensex was still in triple digit gain on buying in heavyweights. Technology, metal, capital goods, financial, realty and oil & gas companies' shares were supporting the markets.

Asian markets remained on the buyers' radar. Hang Seng, Straits Times, Kospi and Taiwan were up 1-1.5%. Jakarta rose 3.9%. Nikkei went up 0.66% and Shanghai was flat.

However, Idea Cellular, HUL, ACC, Reliance Power, Reliance Infrastructure, Jindal Steel, Sun Pharma and Reliance Capital were the losers on the Nifty.

The markets were also seeing some volatility at higher levels ahead of May expiry tomorrow. The Sensex was trading at 16239, up 216 points and the Nifty was at 4870, up 63 points.

In the midcap space, Shree Global, JM Financial, Nagarjuna Construction, Pipavav and Dewan Housing were up 3.5-6% while Rajesh Exports, Godrej Consumer, IOB, Patel Engg and OnMobile Global fell 3-6.5%.

In the smallcap space, Ajmera Realty, Marathon Nextgen, Hanung Toys, Cambridge Solutions and Heritage Foods gained 7.5-12.6% while Kanani Industries, Subhkam Capital, Goodyear, Jindal Worldwide and Sical Logistics lost 4.5-5%.

Sesa Goa, Tata Steel, Aban Offshore, Piramal Health, ICICI Bank, Tata Motors, Reliance Industries and SBI were the most active shares on bourses.

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Sensex back to green on May 26th

The benchmark Sensex was trading with more than 200 points gains but there was a bit of volatility ahead of May expiry tomorrow. Short covering was playing an important role today as the markets went near to 3-1/2 months lows on Tuesday.

All BSE sectoral indices were in green. Realty, Metal, IT, Bank, Oil & Gas, Capital Goods and Auto indices gained 1-2%. However, Idea Cellular, HUL, Reliance Capital, Jindal Steel, Sun Pharma and ACC were the only losers on Nifty.

Asian markets were also quite supportive following positive strong recovery in US markets on Tuesday. Hang Seng, Nikkei, Straits Times, Kospi and Taiwan went up 0.8-1.8%. Jakarta rose 3.7% and Shanghai gained 0.4%.

The Sensex was trading at 16267, down 245 points and the Nifty was at 4880, up 73 points. The Nifty May future was trading with 2 points premium while June futures with 10 points discount.

Top gainers - Sterlite Industries was trading at Rs 627, up 3.16%; Hindalco was at Rs 141.85, up 3.01%; DLF was at Rs 263.30, up 2.83%; TCS was at Rs 714.70, up 2.28%; Tata Motors was at Rs 688.90, up 2.26%; SAIL was at Rs 192.65, up 3.05% and IDFC was at Rs 146.55, up 2.77%.

The broader indices were also up one percent each. About 1934 shares advanced while 903 shares declined on the BSE. Nearly 459 shares were unchanged.

In the midcap space, JM Financial, Shree Global, Nagarjuna Construction, REI Six Ten and Shree Cements were up 4-7% while Patel Engg, IOB, Aventis Pharma, Oriental Bank and Triveni Engg slipped 1-6%.

In the smallcap space, Marathon Nextgen, Ajmera Realty, Hanung Toys, Tamil Newsprint and S Kumars Nationwide surged 5-13% while Kanani Industries, Maharashtra Polybutenes, Shristi Infra, Sahara One and Rollatainers declined 4-5%.

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The Nifty ended the day at 4,809 and Sensex shut shop at 16,017

It was a rough session today on Dalal Street with weak global cues weighing heavily on markets. News of Spain's central bank taking control of a belaguered small savings outfit served as a reminder of the financial uncertainty in Europe. Also, rising geopolitical tensions between North and South Korea added to the negative sentiment.

Asia and Europe too were a sea of red today. The Nifty ended the day at 4,809, down 137 points, while the Sensex shut shop at 16,017, down 451 points.

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Eldeco to hit capital mkts, to raise Rs 300cr

Delhi-based real estate company Eldeco will soon hit the capital markets. It is reliably learnt that the company will file for an initial public offering (IPO) shortly. Eldeco is looking to raise Rs 300 crore via the IPO. Sources indicate that it has hired the services of financial services company Motilal Oswal for the upcoming issue.

The proceeds from the IPO will be used to retire debt and for the company’s ongoing expansion plans, said sources. Eldeco has debt of Rs 230 crore and a landbank capacity of 4,500 acres. It has 3,000 acres of industrial land in Maharashtra and Uttaranchal. It has 1,500 acres of residential land largely in the National Capital Region. Real Estate Fund Xander has invested in Eldeco.
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Hi Freinds,

This is a new blog starting to discuss about stock market tips, indian stock market, how to play the stock market, buy stock market,online stock market,free stock market tips,indian stock market news,indian stock market quotes,live stock market,nifty stock market,stock market charts,stock market prices,stock market today,bombay stock market etc., Please feel free to register your topics related above in this blog.....

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