Trade4target : Introduction And History of Bombay Stock Exchange

Trade4target : History of Bombay Stock Exchange

As trade4target read in the history of Indian stock exchange; the stock exchange, Mumbai, popularly known as BSE. BSE was established in 1875 as The Native Share and Stock Brokers Association. It is the oldest one in Asia, even older than the Tokyo Stock Exchange, which was established in 1878. It is a voluntary non-profit making Association of Persons and has converted itself into demutualised and corporate entity. It has evolved over the years into its present status as the Premier Stock Exchange in the country. It is the first Stock Exchange in the Country to have obtained permanent recognition in 1956 from the Govt. of India under the Securities Regulation Act, 1956.

Trade4target.com, while providing an efficient and transparent market for trading in securities and 
accuracy, debt and derivatives upholds the interests of the investors and ensures redressal of their grievances whether against the companies or its own member-brokers. It also strives to educate and enlighten the investors by conducting investor education programmes and making available to them necessary informative inputs.

A Governing Board having 20 directors is the apex body, which decides the policies and regulates the stock Exchange and share market. The Governing Board consists of 9 elected directors, who are from the broking community, three SEBI nominees, six public representatives and an Executive Director & Chief Executive Officer and a Chief Operating Officer.

The Executive Director as the Chief Executive Officer is responsible for the day-to-day administration of the Exchange and he is assisted by the Chief Operating Officer and other Heads of Department

The Exchange has inserted new Rule in its Rules, Bye-laws & Regulations pertaining to constitution of the Executive Committee of the Exchange.

Accordingly, an Executive Committee, consisting of three elected directors, three SEBI nominees or public representatives, Executive Director & CEO and Chief Operating Officer has been constituted. The Committee considers judicial & quasi matters in which the Governing Board has powers as an Appellate. Trade4target.com help investors to buy stock Exchange and trade4target is provide guideline of stock market which can help investors.

Trade4target : Indian Share Market Breaks All Record Sensex 27,493.59; Nifty crosses 8,200

Trade4Target : Nifty First Time Crossed 8,200

Mumbai: The BSE Sensex and the NSE Nifty soared to hit new all-time highs of 27,493.59 and 8,214.65 points, respectively, in opening trade Friday on sustained fund inflows, driven by a slew of economic reforms announced by the government amidst optimism over strong corporate earnings.

Indan Market :                                                                   

Rising for the fourth straight day, the 30-share index flared up by 147.26 points, or 0.53 percent, to hit a new peak of 27,493.59.

The gauge had gained 593.43 points in previous three sessions to close at record-high yesterday at 27,346.33 in yesterday's session. It had also touched an intra-day lifetime high of 27,390.60 in the previous session.Trade4target.com give accurate intrday tips to see today's market. 

All the sectoral indices, led by IT, capital goods and healthcare, were trading in positive zone with gains up to 1.49 percent.


The 50-share NSE Nifty crossed the 8,200-mark for the first instance to record its lifetime high of 8,214.65 by rising 45.45 points, or 0.55 percent. It had touched an intra-day high of 8,181.55 in yesterday's trade.

Why Market Up?
Brokers said continued buying by foreign funds as well as retail investors, triggered by a series of economic reforms undertaken by the Narendra Modi-led government and strong earnings by blue-chip companies, lifted the key indices to new highs.

Stocks of Maruti Suzuki climbed 0.40 percent to Rs 3,255 after the company reported a 28.69 percent growth in net profit at Rs 862.54 crore for the second quarter ended September 30, 2014.

Besides, a firming trend in the global markets on robust US economic data also boosted sentiment, they said.

Trade4target : Daily News 30/10/2014

Trade4target : About Indian stock market

Stock Exchange provides a trading platform, where buyers and sellers can meet to transact in securities.

Capital Market: The capital market is divided into two segments:

 a) Primary Market
 b) Secondary Market


a) Primary Market:

         Most companies are usually started privately by their promoters. However the promoters‘ capital and the borrowed capital from banks or financial institutions might not be sufficient for running the business over the long term. That is when corporate and the government looks at the primary market to raise long term funds by issuing securities such as debt or equity.

 These securities may be issued at face value, at premium or at discount. Let us understand the meaning of these terms:


* Face Value: Face value is the original cost of the security as shown in the certificate. Most equity shares have a face value of Rs. 1, Rs. 5, Rs. 10 or Rs. 100 and do not have much bearing on the actual market price of the stock. When issuing securities, they may be offered at a discount or at a premium.

* Premium: When the security is offered at a price higher than the face value it is called a premium

* Discount: When the security is offered at a price lower than the face value it is called a discount.


b) Secondary Market:

           The secondary market provides liquidity to the investors in the primary market. Today we would not invest in any instrument if there was no medium to liquidate our position. The secondary markets provide an efficient platform for trading of those securities initially offered in the primary market. Also those investors who have applied for shares in an IPO may or may not get allotment. If they don‘t then they can always buy the shares in the secondary market.

Trading in the secondary market is done through stock exchange. The Stock exchange is a place where the buyers and sellers meet to trade in shares in an organized manner.Trade4target is provide help to stock exchange for investors.The stock exchange performs the following functions:

* Provide trading platform to investors and provide liquidity
* Facilitate Listing of securities
* Registers members - Stock Brokers, sub brokers
* Make and enforce by-laws
* Manage risk in securities transactions
* Provides Indices

There are two leading stock exchanges in India which help us trade are:

National Stock Exchange:
                       National Stock Exchange incorporated in the year 1992 provides trading in the equity as well as debt market. Maximum volumes take place on NSE and hence enjoy leadership position in the country today

 Bombay Stock Exchange:
              BSE on the other hand was set up in the year 1875 and is the oldest stock exchange in Asia. It has evolved in to its present status as the premier stock exchange.

Trade4Target : Indian Stock Market's History

Trade4Target and History Of Indian Stock Markets

History of Indian Stock Market: Indian stock market marks to be one of the oldest stock market in Asia. It dates back to the close of 18th century when the East India Company used to transact loan securities. In the 1830s, trading on corporate stocks and shares in Bank and Cotton presses took place in Bombay.Stock Exchange idea is developing during the british government but this is apply after 1956 in independent india.

Trade in stock markets means the transfer for money of a stock or security from a seller to a buyer. This requires thes two parties to agree on a price.Trade4Target is a leading research and advisory company with a strong presence among the various Stock Market Brokers is provide information of share market and investment solution.

Stock Markets: Stock Market is a market where the trading of company stock, both listed securities and unlisted takes place. It is different from stock exchange because it includes all the national stock exchanges of the country.Though there is a lot to tell about us but we would like to sum it up in few lines only.For example, we use some sentences like  "the stock market was up today" or "the stock market bubble."

Stock Exchanges: Stock Exchanges are an organized marketplace, either corporation or mutual organization, where members of the organization gather to trade company stocks or other securities. The members may act either as agents for their customers, or as principals for their own accounts. Stock exchanges also facilitates for the issue and redemption of securities and other financial instruments including the payment of income and dividends. The record keeping is central but trade is linked to such physical place because modern markets are computerized. The trade on an exchange is only by members and stock broker do have a seat on the exchange.

In 1956, the Government of India recognized the Bombay Stock Exchange as the first stock exchange in the country under the Securities Contracts Act.

trade4taret, trade4target.com, indian stock markets, Stock Market, Stock Exchanges,
History of Indian Stock Market

Trade4Target : Daily News 28/10/2014

About Trade4Target

Though there is a lot to tell about us but we would like to sum it up in few lines only. Trade4Target is a leading research and advisory company with a strong presence among the various Stock Market Brokers & traders.

Our great in-dept research builds its base around

    Economy News

    Company News

    Technical Analysis

    Fundamental Analysis

We are a team of highly qualified and experienced Analysts, together we cater and deliver stock market call for Investors, Traders and Portfolio personnel. All services are provided through SMS and Instant messenger.

Trade4Target always aim at providing services in accordance with the comfort levels of all traders/investors in stock market ranging from small investors to HNI’s , who trades in vast domain of share market such as Intraday, Delivery, Swing Trading ,Index Trading (NIFTY & BANK NIFTY ),Equities, F&O.

More and more people be in form of investors or traders enter stock market to make quick money via either intraday trading or through Positional trading but due to lack of Experience, knowledge, strategy ,discipline or fear ; most of the time they incur losses. Only few smart traders/investors earn money in both Rising as well as Falling Market

Our Goal

“We believe not just providing services and calls but also guiding each and every client towards the Unending ladder of Return on Investment/Profit”

Our Mission

“To provide an information resource to the investment and business community across the globe”.

Our Vision

“To have a strong presence around the globe by catering service to traders/investors of all GLOBAL STOCK MARKETS”

Trade4Target : Daily Update 27/10/2014

Trade4Target

Fund inflows Sensex up 49 pts in trades

Rising for the sixth consecutive session, the benchmark BSE Sensex gained over 49 points in Monday morning trade on sustained foreign capital inflows amidst hopes of more reforms by the government.

The 30-share index, which had gained over 851.71 points in the previous five sessions after the government announced reforms in oil & gas and coal sectors, rose by 49.33 points, or 0.18 percent, to 26,900.38 with power, PSU, capital goods, healthcare and banking stocks leading the rise.

Indian Market :

Sensex     26907 56.16
Nifty     8022  7.90                                                     

Trade4target : Black money study report is accepted by Finance Ministry

Trade4target : Daily News 22/10/2014

Central Govt.:The Finance Ministry is  accept two of the three reports submitted to it on the assessment of black money in India and abroad which were commissioned by the UPA government three years ago.

The studies were conducted by the Delhi-based National Institute of Public Finance and Policy  and National Council of Applied Economic Research  and National Institute of Financial Management  at Faridabad.

Report from one institute has been received and accepted and reports from the remaining two institutes have been received but yet to be accepted by the government so far, the Finance Ministry said in reply to an RTI query.

It, however, declined to share the contents of the reports citing the exemption clause under the transparency law.

Further details cannot be made available at this point of time as the information is exempt under Section 8(1)(c) and Section 8(1)(e) of RTI Act, 2005, since the report is yet to be examined by the government or action taken thereof is yet to be laid before Parliament, the ministry said.

Section 8(1 )(e) bars disclosure of information which would cause a breach of privilege of Parliament. The other clause exempts disclosure of "information available to a person in his fiduciary relationship, unless the competent authority is satisfied that the larger public interest warrants the disclosure of such information".
You can see more information on my blog Trade4target.

Trade4Target : Daily Update 21/10/2014

Trade4Target :

Govt hikes natural gas price by 33.33 per cent to USD 5.61 per unit

The government on Saturday approved raising natural gas price to US $5.61 per million British thermal units  from November 1 but Reliance Industries  will continue to get the current US $4.2 rate till it makes up for shortfall in output from KG-D6 block.

The Cabinet modified the Rangarajan formula approved by previous UPA government to bring down the increase in natural gas rates from US $8.4 to US $5.61, Finance Minister Arun Jaitley said.

The new formula will be effective Nov 1 and rates will be revised every six months with the next revision being on April 1.

For RIL's flagging D1&D3 gas fields in KG-D6 block where output should have been 80 million standard cubic feet per day  but is languishing at less than 8 mmscmd, the Cabinet decided the current rates will continue to apply.

Consumers will, however, pay the revised increased price but RIL will get only US $4.2 with the difference being deposited in an escrow account.

RIL will get the higher rates if it is legally able to prove that it did not deliberately cut production and output fall was a result of geological reasons as it claims.

Higher gas prices would increase the expense of running power stations and fertilizer plants, raising infrastructure and food costs and accelerating the rate of inflation.

Every dollar increase in gas price will lead to a Rs 1,370 per tonne rise in urea production cost and a 45 paise per unit increase in electricity tariff (for just the 7 per cent of the nation's power generation capacity based on gas).

Also, there would be a minimum Rs 2.81 per kg increase in the price of compressed natural gas (CNG) and a Rs 1.89 per standard cubic metre hike in piped cooking gas.

3 per cent post smart earnings by Hero MotoCorp shares

Trade4target : Daily News 20/10/2014

Stocks of Hero MotoCorp on Friday rose by over 3 per cent after it reported 58.62 per cent increase in its net profit for the second quarter ended September 30.

Shares of the country's largest two-wheeler maker went up by 3.05 per cent to Rs 2,877.10 on the Bombay Stock Exchange. In intra-day, it gained 4.19 per cent to Rs 2,909.

At the NSE, the scrip rose by 2.30 per cent to end at Rs 2,863.45.

Hero Motocorp's Q2 FY15 results were ahead of our estimates mainly due to higher other income even as the operating performance was in-line, said Bharat Gianani, Research Analyst, Automobile, Angel Broking.

Hero MotoCorp on Thursday reported 58.62 per cent increase in its net profit at Rs 763 crore for the second quarter ended September 30 riding high on robust sales.

The company had posted a net profit of Rs 481 crore during the same period of previous fiscal.

Trade4Target : Increasing Campus Hiring in Tata Consultancy Services

Trade4Target : Daily News 19/10/2014

One of the software company in Indaia, Exuding bullish sentiment Tata Consultancy Services, on Friday said it would offer 35,000 jobs for freshers at campuses in 2015-16, 10,000 more than the IT major offered in the current fiscal.

The Tata-group company also said that it is likely to overshoot its overall stated target of hiring 55,000 professionals, including lateral ones, during the ongoing 2014-15 fiscal.

We will be overshooting that 55,000 number but at the moment we are not looking at what that final number is going to be. We will be doing 35,000 campus offers next fiscal, TCS Executive Vice President and Global Head for Human Resources Ajoy Mukherjee told PTI IN Mumbai.

The process has already been set rolling and the company is visiting campuses, he added.

Of the 25,000 offers made for FY15, Mukherjee said he expects around 71-72 per cent freshers to actually join the company.

The overall need of what we require for the next year and planning our head-counts from that point, campus recruitment is one of the things we have to do,adding that the overall hiring number for the next fiscal , including the lateral ones, will be decided in February, 2015.

After declaring a 13.2 per cent growth for the July- September quarter profit at Rs 5,244 crore, TCS Chief Executive and Managing Director N Chandrasekaran had said that he is bullish about the 2015-16 fiscal.

Trade4Target :

India is first markets among in the world where Abbott launches its products

India is one of the top 5 countries with respect to sales contribution for Abbott. India’s turnover contribution is at USD 900 million

Trade4target : Daily news 18/10/2014

Trade4Target : Stock market cautious remains on weak global cues

During the week (monday to friday), the markets initially saw range-bound trading but witnessed a sharp fall just before it closed on Thursday on weak global cues. The BSE Sensex slipped 350 points on October 16 to close at 25,999 on Trade4Target. Even on Friday it opened weak and was trading in the negative on Trade4target.


It was around noon it made some recovery and managed to close with an addition of close to 109 points during the day and closed the week at 26,108. The BSE had only four trading sessions on account of the state assembly elections in Maharashtra on Wednesday.

Indian Markets will reopen on 20 Oct 2014

BSE :    26,108.53
NSE :    7,779.70

Top Gainers     BSE                                                                               
BHEL             226.55       +3.40%   
HEROMOTOCO     2877.10     +3.04%      
MAH&MAH     1253.95     +2.88%   
ICICI BANK     1505.60     +2.86%

Trade4Target : 71 points Sensex rebounds in trade

Trade4Target : Daily Update 17/10/2014

Trade4target : After two sessions of losses, the benchmark BSE Sensex recovered by over 71 points to regain the 26,000-mark in early trade on Friday on emergence of buying by funds and retail investors amid a firming trend in other Asian markets.

Equity benchmarks is started of  trade of Friday on a positive note post yesterday's sharp cut but it could not sustain those gains. It got back to consolidation mode with the Sensex rising 2.70 points to 26002.04, and the Nifty falling 4.60 points to 7743.60.

About 781 shares have advanced, 373 shares declined, and 33 shares are unchanged.

Good buying was observed in capital goods, banking, healthcare and fast moving consumer goods sectors.while selling pressure was seen in Information technology, media and entertainment sectors.

Trade4target : Stock Markets

BSE 26,003.82                               

NSE 7,748.30

Trade4Target : NSE 75 minutes Muhurat Trading on Diwali

Trade4Target : Daily Update 16/10/2014

The National Stock Exchange (NSE) will conduct a special session for 'Muhurat Trading' on Thursday (October 23) on account of Diwali.

Trading would be conducted between 6:15 pm and 7:30 pm on the day, NSE said in a circular.

"... Hereby notify the special session for Muhurat Trading on account of Diwali on Thursday, October 23, 2014," said by trade4target.

Sensex, Nifty flat; TCS & Hero Moto gain; Bajaj Auto falls

Hero Motocorp and TCS gained nearly 2 percent ahead of second quarter earnings today later in the day. Tata Motors, BHEL and Tata Steel climbed over 1.5 percent.

The BSE Sensex rose 65 points to 26414 while Ranbaxy Laboratories gained 1 percent. The company has settled the litigation concerning its participation in the Texas Medicaid Program.

India MARKETS
BSE 26,343.91
NSE 7,852.35


NIFTY : GAINERS
DLF Ltd.        +5.96 %
Tata Motors Ltd.   +2.13 %
Tata Consultancy   +1.49 %
NMDC Ltd.        +1.46 %
GAIL (India) Ltd.  +1.18 %

Indian markets closed on Wednesday

Trade4Target : Daily Update 15/10/2014

Oct 15 - Indian markets are closed on Wednesday due to assembly elections in Maharashtra state. The benchmark BSE index fell 0.13 percent, or 34.74 points, to end at 26,349.33 on Tuesday. The broader NSE index lost 0.26 percent, or 20.25 points, to at 7,864.Stock exchanges will reopen tommorow on 16 Oct 2014.

The 30-share BSE barometer on Tuesday opened in positive terrain at 26,537.42. It improved further to touch an intra-day high of 26,550.79 tracking robust earnings by RIL and easing retail inflation, data for which was released on Monday after trading hours.

The broader 50-issue National Stock Exchange (NSE) Nifty settled 20.25 points (or 0.26 per cent) lower at 7,864.00, after shuttling between 7,928 and 7,825.45 on alternate bouts of buying and selling.

Trade4Target

BSE 26,349.33  -34.74 (-0.13%)
NSE 7,864.00   -20.25 (-0.26%)

US$ : Rs.61.42

SBI customer enjoy unlimited ATM transactions

New Delhi: The nation's largest lender State Bank of India (SBI) has good news for customers who maintain over Rs 25,000 balance.

SBI will offer unlimited ATM transactions on its home ATM for customers who maintain this balance in their account in a month on an average. While for customers having a balance less than Rs 25,000 SBI will allow only four-time usage on its home ATM while for third-party ATM the usage has been restricted to three, as per a financial daily report.

Sensex, Nifty erase early gains; DLF crashes 19%, Reliance Ind gains

Trade4Target : Daily Update 14/10/2014

Equity benchmarks gained half a percent in opening trade led by easing CPI inflation in September and better-than-expected numbers from Reliance Industries in Q2, but could not sustain those gains.

The Sensex fell 45.99 points to 26338.08 and the Nifty declined 19.05 points to 7865.20 weighed down by technology, metals, private banking and financials stocks.

About 781 shares have advanced, 510 shares declined, and 39 shares are unchanged on the Bombay Stock Exchange.

DLF tanked 19 percent after market regulator SEBI barred company and its six executives from accessing capital markets for 3 years.

INDIAN MARKETS :

        BSE 26,397.35
        NSE 7,880.30

MARKET INDICATORS:  GLOBAL AND DOMESTIC

      Hang Seng         23,294.66 +151.28  0.65%
      Straits Times     3,209.64  +7.49    0.23%
      Nikkei 225        15,024.32 -276.23 -1.81%
      Nasdaq            4,213.66  -62.58  -1.46%
      S&P 500           1,874.74  -31.39  -1.65%
      Crude Oil         $85.12  -0.62
      Dollar Vs. INR    60.99

 

 Bank Nifty  :   Open 15,768.00

                                                 Bank Nifty represents the 12 most liquid and large capitalised stocks from the banking sector which  trade on the National Stock Exchange (NSE). It provides investors and market intermediaries a  benchmark that captures the capital market performance of Indian banking sector.

Nifty breaks 7800, Sensex falls 180 pts; Tata Motors drops

Trade4Target : Daily News 13/10/2014

The 50-share NSE Nifty breached 7800 level for the first time since August 18, 2014, down 61.55 points or 0.78 percent at 7798.40. The 30-share BSE Sensex fell 179.46 points or 0.68 percent to 26117.92. About 621 shares have advanced, 828 shares declined, and 50 shares are unchanged. Shares of Tata Motors, Bharti Airtel, ICICI Bank, HDFC Bank, ITC, L&T and Wipro declined 1-2.5 percent while Infosys, Hero Motocorp and TCS bucked the trend.
cle.

The Indian equity market is likely to open in the red today with the SGX Nifty trading at 7821, down 55.50 points at 7:55.

Globally, the US markets logged their worst week since May 2012 with benchmark indices ending in the red for the third straight week after Standard & Poor downgraded its outlook for France to negative from stable.

sensex

open       : 26,275.07                       


HIGH       : 26,276.57
PREV CLOSE : 26,297.38 
LOWS       : 26,114.88

CNX NIFTY

OPEN       : 7,831.00
HIGH       : 7,835.10
PREV CLOSE : 7,859.95
LOWS       : 7,796.00

Trade4target : Buzzing Market Updates

Trade4target : Sensex slips 340 pts on global woes; Q2 nos lift Infosys 7%

Sensex Down: 339 pt.

Nifty Down: 100 pt.

1. Failed Circuit Filter SEBI Pulls NSE

Sebi diredted nse to be carful and cautions in its dealings in the securities market and comply with all the legal requirements that govern its functions as a stock exchange. on october 5, 2012, a dealer at Emkay Global Finance has erroneously put in an order to sell a niftybasket consisting each of the 50 index constituents worth rs 950 crore, within a few seconds of the order being put into the system, nifty had crashed 16% before tradeing was stopped by the exchange.

2. Infosys posts 28% Q2 net profit

Infosys yet again have done better in its second quarter and cheered investors by announcing bonus shares. Murthy wants to avoid conflicts and maintain corporate governance standards at the firm he co-founded 33 years ago.

3.Vodafone wins 3,200crore tax case

Bombay high court ruled in its favour in the transfer pricing case relating to undervaluation of share capital issued by vodafone india Services Private Limited(Vodafone India) to its Mauritius parent.

4. Only limited Sahara investers claim refund from Sebi

The low demand will bolester sahara's argument before courts that it had repaid most of the investers who had come forward app. 4,600 to claim investments they had made in two groups cos's bonds.

Trade4target : stock to buy

Shreyas Shipping & Logistics Ltd

CMP:69rs

Target:130rs

Duration:6-10 months

Percentage return:85%

Shreyas Shipping & Logistics Ltd (SSLL) is a dominant multimodal container logistics operator using land-sea-land route. Their claim is they are No.1 Coastal Operator in India with 51% market share, in handling domestic coastal cargo. It is also the India's largest container feeder vessel owning and operating company & first co to link all key ports of India for containerised trade.Shreyas begun in 1994 as a container feeder operator between Indian ports and international container transshipment ports. A few years back they crafted a niche business model, by giving more focus to domestic container logistics using land-sea-land route, covering: transportation, warehousing, distribution, airfreight, sea & air freight forwarding and parcel services.

It has two subsidiaries:

1). Shreyas Relay Systems Ltd (100%)

2). SRS Freight Management Ltd (51.1%)

Low crude prices good for India and indian stock market

Trade4Target : Daily News 10/10/2014

Trade4Target

According to Richard Gibbs of Macquarie Securities reduced crude prices goes in favour of the Indian economy and gives RBI a scope for monetary accommodation Richard Gibbs Global HD, Macquarie More about the Expert Richard Gibbs, Global Head of Macquarie Securities is upbeat on India because he thinks there is room for structural expansion and the demand is much better than anywhere else in the world. According to him reduced crude prices goes in favour of the Indian economy and gives RBI a scope for monetary accommodation. It is also likely to produce some tailwind for the global economy. "It certainly provides latitude on the trade side but also in terms of the inflation side for the economy as well." The house remains a buyer on India.

Are we now facing a fairly big challenge to global growth and therefore are risk assets going to head lower? A: I think the International Monetary Fund (IMF) is articulating that fairly well as we move into the IMF World Bank annual meeting in the next few days. It really is a case where the US is I suppose the best if you see IMF’s parlance and that’s for investors who have been searching for growth is a disappointment. So, now I suspect we are going to have people turning back towards in search for yield and that has become difficult as well with the expansion in quantitative easing measures around the world but most particularly by the European Central Bank of course. At the end of the day lower crude prices are probably growth positive and the issue there is whether they pertaining further disinflationary pressure/deflationary pressure in the major economies. Certainly for an economy like India, cooling in crude prices is a positive. It certainly provides latitude on the trade side but also in terms of the inflation side for the economy as well. It’s a bit of a two-edged sword as I suppose in that sense but overall lower crude prices are likely to produce some tailwind for the global economy.

Sensex, Nifty, Midcap up 1%; cap goods, banks, metals lead

Trade4Target : Daily Updates 09/10/2014

The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.4 percent each. Advancing shares outnumbered declining ones by a ratio of 1544 to 380 on the Bombay Stock Exchange.

Today Stock Tips

The market remained strong in morning  trade4target  with the Sensex surging 281.73 points or 1.07 percent to 26528.52 and the Nifty climbing 84.10 points or 1.07 percent to 7926.80 supported by broad-based buying.

The market remained strong in morning trade with the Sensex surging 281.73 points or 1.07 percent to 26528.52 and the Nifty climbing 84.10 points or 1.07 percent to 7926.80 supported by broad-based buying. Market expert Ambareesh Baliga sees 7,800-7,750 as good support level for the Nifty. In an interview with CNBC-TV18, he said Nifty is unlikely to go much beyond 8,000 levels. He remains positive on cyclicals and expects them to become more attractive post any market correction. According to Baliga, the next leg of market rally will be led by cyclicals. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.4 percent each. Advancing shares outnumbered declining ones by a ratio of 1544 to 380 on the Bombay Stock Exchange. The BSE Capital Goods, Realty, Metal, Banks, Healthcare, Power and Oil & Gas indices gained 1-1.7 percent. Hindalco and BHEL kept their top positions in the buying list, up 4.8 percent and 3.5 percent, respectively. Dr Reddy's Labs, Cipla, HDFC, Bank of Baroda, Ambuja Cements and PNB surged 2-2.6 percent. However, NTPC and Bajaj Auto were only losers in the Sensex 30 stocks.

The market remained strong in morning trade with the Sensex surging 281.73 points or 1.07 percent to 26528.52 and the Nifty climbing 84.10 points or 1.07 percent to 7926.80 supported by broadbased buying. Market expert Ambareesh Baliga sees 7,800-7,750 as good support level for the Nifty. In an interview with CNBC-TV18, he said Nifty is unlikely to go much beyond 8,000 levels. He remains positive on cyclicals and expects them to become more attractive post any market correction. According to Baliga, the next leg of market rally will be led by cyclicals. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.4 percent each. Advancing shares outnumbered declining ones by a ratio of 1544 to 380 on the Bombay Stock Exchange. The BSE Capital Goods, Realty, Metal, Banks, Healthcare, Power and Oil & Gas indices gained 1-1.7 percent. Hindalco and BHEL kept their top positions in the buying list, up 4.8 percent and 3.5 percent, respectively. Dr Reddy's Labs, Cipla, HDFC, Bank of Baroda, Ambuja Cements and PNB surged 2-2.6 percent. However, NTPC and Bajaj Auto were only losers in the Sensex 30 stocks.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-nifty-midcap1-cap-goods-banks-metals-lead_1199166.html?utm_source=ref_article

The market remained strong in morning trade with the Sensex surging 281.73 points or 1.07 percent to 26528.52 and the Nifty climbing 84.10 points or 1.07 percent to 7926.80 supported by broadbased buying. Market expert Ambareesh Baliga sees 7,800-7,750 as good support level for the Nifty. In an interview with CNBC-TV18, he said Nifty is unlikely to go much beyond 8,000 levels. He remains positive on cyclicals and expects them to become more attractive post any market correction. According to Baliga, the next leg of market rally will be led by cyclicals. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.4 percent each. Advancing shares outnumbered declining ones by a ratio of 1544 to 380 on the Bombay Stock Exchange. The BSE Capital Goods, Realty, Metal, Banks, Healthcare, Power and Oil & Gas indices gained 1-1.7 percent. Hindalco and BHEL kept their top positions in the buying list, up 4.8 percent and 3.5 percent, respectively. Dr Reddy's Labs, Cipla, HDFC, Bank of Baroda, Ambuja Cements and PNB surged 2-2.6 percent. However, NTPC and Bajaj Auto were only losers in the Sensex 30 stocks.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-nifty-midcap1-cap-goods-banks-metals-lead_1199166.html?utm_source=ref_article

The market remained strong in morning trade with the Sensex surging 281.73 points or 1.07 percent to 26528.52 and the Nifty climbing 84.10 points or 1.07 percent to 7926.80 supported by broadbased buying. Market expert Ambareesh Baliga sees 7,800-7,750 as good support level for the Nifty. In an interview with CNBC-TV18, he said Nifty is unlikely to go much beyond 8,000 levels. He remains positive on cyclicals and expects them to become more attractive post any market correction. According to Baliga, the next leg of market rally will be led by cyclicals. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.4 percent each. Advancing shares outnumbered declining ones by a ratio of 1544 to 380 on the Bombay Stock Exchange.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-nifty-midcap1-cap-goods-banks-metals-lead_1199166.html?utm_source=ref_article

The market remained strong in morning trade with the Sensex surging 281.73 points or 1.07 percent to 26528.52 and the Nifty climbing 84.10 points or 1.07 percent to 7926.80 supported by broadbased buying. Market expert Ambareesh Baliga sees 7,800-7,750 as good support level for the Nifty. In an interview with CNBC-TV18, he said Nifty is unlikely to go much beyond 8,000 levels. He remains positive on cyclicals and expects them to become more attractive post any market correction. According to Baliga, the next leg of market rally will be led by cyclicals. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.4 percent each. Advancing shares outnumbered declining ones by a ratio of 1544 to 380 on the Bombay Stock Exchange.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-nifty-midcap1-cap-goods-banks-metals-lead_1199166.html?utm_source=ref_article

Trade4Target : Daily Updates 8/10/2014

Mkt may fall 5% further; IT still attractive  - Trade4Target

The current market fall is likely to fall anything between 3 to 5 percent and may find a floor at those levels, says C Jayaram, joint managing director, Kotak Mahindra Bank. Speaking to CNBC-TV18, Jayaram says the market has run up a lot post the general elections and is cooling off now. But for any rally now, the market will need some robust global or economic triggers.

Information technology (IT) still continues to be an attractive place despite the run up seen. “The US market is doing well and it is slated to do even better and that will increase the demand for IT companies.

Today Stock Tips

IFGL Refractories ltd (Small Cap) Multibagger Potential

Cmp:168rs
Target:250rs
Duration:6-9 months
Return percentage:50%

Indo Flogates which was founded in 1979 managed to collaborate with Flogates, UK in 1983 for manufacturing of Slide Gate Mechanism & Refractories. The joint venture was with Flogates Ltd, UK and an exclusive Indian Licensee of Flocon Slide Gate Systems, developed by US Steel Corporation through their wholly-owned subsidiary USS Engineers and Consultants Inc. On the other hand, Mr. SK Bajoria founded IFGL Refractories in 1993 in collaboration with Harima Ceramic Co., Japan. In 1999, both the companies merged to come into the current form of existence.Over the past decade, the company has scaled up its operations significantly, both, organically and inorganically. During these years, the company made several acquisitions and also set up a few greenfield capacities to evolve from a single manufacturing facility to current eight capacities with across the globe distribution presence.

we expect company to achieve a turnover of Rs.1000 crores by FY16 and a slight improvement in the EBITDA margin of 16% with the improved utilizations of current capacities and debottlenecking exercises being undertaken and savings on tax and logistics costs from Kandla facility. Strong free cash flow generation, strengthened balance sheet and comfortable valuations are added advantage. Assigning an EV/EBITDA of 6x (In a good market, it has historically traded at 10x) and Price/Sales ratio of 1.0x (historically traded at 1.3x), we expect market capitalization should be somewhat in the region of Rs.900-1000 crores that showcases huge potential upside from current levels. We strongly believe that with the recent growth, increased size of the company, wider coverage, leadership position in the industry, the company has all the reasons to trade beyond the historical multiples.

Trade4target : Stock Updates

Trade4Target

The market extended its southward journey for the second trading session of the October month with the Sensex falling 296.02 points or 1.11 percent to 26271.97 on Tuesday. The Nifty closed way below the 7900, down 93.15 points or 1.17 percent to 7852.40. About 1120 shares advanced while 1762 shares declined on the BSE. Hindalco Industries, Sesa Sterlite, Cipla, Dr Reddy's Labs, HDFC, DLF, Jindal Steel and Cairn India were top losers, falling 3-6 percent while NTPC, Gail India and Power Grid bucked the trend, up 1-1.5 percent followed by Tata Motors, Wipro and Tata Power with marginal gains.

Today Stock Tips

                                                                                          

Kitex Garments Limited for long term buy

Cmp:338rs

Target:475rs

Return percentage:40%

Duration:9-12 months

5 year CAGR return expected:25-30%

5 year target potential range:1031rs-1254rs

Kitex Garments Ltd manufactures toddler wear for most of the international brands such as MotherCare, Toys R Us, Gerber etc and is ranked as the third largest company of such type in the world.Company also supplies to jockey.Group employees to over 8000 peeps.It is the only company in the world which uses Acutex 1 quality of input.Add up more safety features like 100% certified safe process and organic dyes using threads from the number 1 codes etc which makes it the most favorable supplier for infant clothes.The company has to its credit the Best Vendor Award from Toys R Us and Gerber for the past couple of years(among over 280 rivals).