~~~Market Updates~~~

July 28, 2006. Markets witness selling pressure.
Sensex, Nifty end RED. Midcaps end GREEN.

SENSEX-> 10680.23 (61.36 points, 0.57%).
NIFTY-> 3130.80 (25.35 points, 0.80%).
BSE100-> 5389.04 (21.51 points, 0.40%).
BSE500-> 4002.67(3.81 points, 0.10%).
BSEAUTO-> 4415.68 (32.87 points).
BSEFMCG-> 1889.99 (17.42 points).
BSEMETAL-> 7806.22 (12.78 points).
BSEOIL&GAS-> 5052.85 (75.00 points).
BSETEC-> 2580.45 (36.14 points).

BSEPSU-> 5009.98 (27.36 points, 0.55%).
BSEMIDCAP-> 4277.53 (48.74 points, 1.15%).
BSESMLCAP-> 5065.17 (35.81 points, 0.71%).
BSEBANKEX-> 4719.66 (67.34 points, 1.45%).
BSE Cap Goods-> 6908.91 (32.09 points).
BSE Health-> 3217.96 (34.14 points).
CNX MIDCAP100-> 3842.05 (40.30 points).

SENSEX:
Day’s High: 10787.65.
Day’s Low: 10603.83.

July 28, 2006.
Markets take a breather: Sensex retraces from 10700.

After four good days of gain the markets closed with bit of retracement on the last day of week. The Sensex saw a good week but a soft session as it closed below the 10700 level. The Sensex closed at 10,680.23 down 61 points. The Nifty lost 25 points to close at 3131.

The BSE Small Cap Index closed at 5,065.17, up 36 points.

The BSE Midcap Index ended at 4,277.53, up 49 points.

Asian markets were trading marginally higher. Japan's Nikkei share average gained 61.68 points or 0.41% at 15,241.46.

Wall Street fell modestly. Dow Jones closes down 2.08 points, or 0.02%, to 11,100.43.

August will be a dull month for mkts: India Infoline
28 July, 2006.

Nirmal Jain of India Infoline believes the month of August would be a lackluster and dull month. The market will remain range bound, just the way the month of July has been, he adds.

"I do not think the market is going down either in a big way nor is it going up in a big way. It will wait for new triggers, which may take at least three-six months to come," says Jain.

Excerpts from CNBC - TV18’s exclusive interview with Nirmal Jain:

Q: What have you made of all the banking numbers that have come out so far?

A: In banking numbers, one has to look at the provision figures without which it is very difficult because their reported profit numbers can be very widely based on what kind of provisioning the bank has decided to take in a particular quarter.

But I think even State Bank of India numbers were below expectations and just now Oriental Bank of Commerce numbers have come, which are again below expectations. But still, the market has not reacted that negatively, primarily because valuations were attractive.

Secondly, there is just a quarter percent increase in interest rate, which has been in line with expectations. And there has not been any rude surprise there, the liquidity is there in the banking stocks. One or two banks like the SBI and Bank of Baroda look good

Q: We have seen most of the earnings for this quarter, what is the call on the markets now? Do you think the market can pierce 11,000 and trade above that or it will remain in that range?

A: Markets will remain in this range. Even if it pierces 11000, I do not think it will pierce with a reversal of trend or there will be a bullish market and it would not head towards 12000.

Given the current liquidity and market conditions, the market will remain in a narrow range. In fact, in the last three-four days, 700-point rise has been a bit of a surprise. But still, today markets have been in a corrective phase.

I do not think the market is going down either in a big way nor is it going up in a big way. It will wait for new triggers, which may take at least three-six months to come

Q: Anything that you like from the pharmaceutical space so far?

A: MNC like GlaxoSmithKline Pharmaceuticals looks good. Other than that, Jubilant Organosys is a good company. They have reported good numbers. So these are the preferred stocks.

Q: What do you do with the autos now that most people seem quite happy with the four-wheeler numbers? Is that a reason enough for you to hold on or buy these stocks now, despite some of the other concerns, which are blowing in the wind?

A: I would hold on to auto stocks and maybe buy on a decline. Today there has been some correction in Bajaj Auto and other stocks.

In four wheelers also, Tata Motors and Mahindra and Mahindra had reported good numbers. In fact they are reporting good volume growth, which is despite continuous increase for last year.

This shows that the economy is doing well and if monsoon is good, then probably we will see much better numbers in September-October.

Q: As we go into this range bound market that you foresee, what do you think is going to be the big news event or big trigger that you are going to look out for?

A: It is an unlikely event, but if the government is able to get through some major reforms, maybe in labour or disinvestments, that could trigger investment interest of foreign investors. Besides that, there can be events on the global front, which could be stabilization of interest rates in Japan and US market and increase allocation to emerging markets by some of the large funds.

Other than that, the monsoon is good and if September quarter numbers are good, then also we will see a slow revival in FII interest. That can probably lead the rally.

Q: How do you read the month of August now?

A: Month of August would be lackluster and dull month. In fact, the market will remain range bound, just the way the month of July has been. Maybe in the month of August and towards late September or even October, one may see some triggers on expectations of September quarter results, impact of monsoon and also the global liquidity scenario, which will become much clearer. Probably one could see some more action in all emerging markets as funds get allocated or all the worries on the US front get settle either which way.

Q: Do you like anything in midcap cements and midcap sugar?

A: I think midcap cement looks good. In fact, this quarter for cement companies will be exceptionally good, the profit numbers can be high because cement prices are ruling firm and all cement companies are able to dispatch and operate at almost full capacity. It is a capital intensive business.

So operating leverage is high, when they have slightly high realisation or slightly higher volumes and the operating profit goes up significantly. So one should watch out this quarter result of cement companies, they are likely to be exceptionally good.

One has to be selective in sugar, because every sugar company has a different area. Also some sugar companies can get a good crop. Probably one will be able to take advantage of firm sugar prices. But cement across the board has more positive momentum as compared to sugar.

Q: If you were long on the market and had been riding the four-day wave, would you take profits now or take a chance and keep it open next week to see whether you can get closer to 11000?

A: From a short term trading perspective, one can take profit. In fact, till yesterday, there was short covering of F&O positions. So this new F&O cycle has started today and the Nifty futures are quoting at around 30-35 points discount to the Nifty.

That shows that most of the market people are not very bullish on this scenario and also most of the futures are not at a premium to cash market price. So that shows that market is not going to run away from here at this point of time. So short term traders could take profits and just wait for the new week to start.

Q: What is your call, as a brokerage, on some of those frontliners like Reliance Industries and ONGC?

A: From a longer-term point of view both are good stocks. If somebody has a capacity to hold them for two-three years, we would say that buy and hold these stocks. From a short term perspective, there is no view on this stock, as they had some rally and now profit booking is going on.

July 31, 2006.
Markets open strong: Sensex breaches 10800

The markets opened with a gap up on the back of good global cues and some strong corporate results. At 9:57 am, the Sensex was up points at 10802 up 122 points and the Nifty was up 34 points at 3165.

Asian markets were trading higher. The Nikkei average rose 0.7%, Hong Kong's Hang Seng gained 97.65 points or 0.58%, Singapore's Straits Times moved up 16.70 points or 0.69%, South Korea's Seoul Composite was up 9.35 points or 0.72% and Taiwan's Taiwan Weighted slipped 29.51 points or 0.46% at 6,450.56.

Take a quiz on stock market

http://in.rediff.com/money/2006/jul/25quiz.htm

Quote:

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Originally Posted by great

Take a quiz on stock market

http://in.rediff.com/money/2006/jul/25quiz.htm

---

I got only 2 out of 5 correctly in the first attempt. Took 2 chances for 1 question. Rest 2, I got wrong both in 1st and 2nd attempt. :(

31 July, 2006.
Domestic textile cos on the prowl to grab American pie

India's textile exports to the US grew by 19.3% in April 2006, allowing it to capture a marketshare of almost 7%. From acquiring brands abroad to tie-ups to expanding capacities, domestic textile companies are leaving no stone unturned to grab a neat pie in the US textiles market.

In absolute terms, India's textiles exports to the US grew from USD 1.6 billion in 2005 to USD 1.9 billion in April 2006. This helped India gain its marketshare to 6.9% and made it the third largest supplier to the US. During the same period China's textile exports rose by .8% to USD 6.4 billion. India has an export target of $40 billion by 2010.

Although China still remains the largest textile exporter to the US, its market share has been steadly declining in recent times. The principal reason behind this is the levy of quotas on Chinese textiles in the US, which was to an advantage to Indian exporters. In March 2006, India’s market share in the US textiles import market had touched an all-time high of 7%.

A Morgan Stanley report states that India is likely to be one of the biggest beneficiaries of restrictions imposed on China. ”India gained 41 bps market share in total textile exports to the US and China lost 28 bps (y-o-y) during March due to the levy of quotas,” said the report. But India will need to do much more to make spectacular dent in China's share of the US market. For the 12-month period ended March ’06, India’s textile exports to the US stood at $4.8bn against China’s $22bn-plus.

Surprisingly, the competition with China in the textile business has an interesting side. While China is bigger than India in volumes, value-addition wise, India appeals more. Gokaldas Exports , Celebrity Fashion, and Orient Craft, are some of the companies which are big on exports.

In a bid to capture US marketshare, some of the textile companies are even concentrating on acquiring foreign brands. Welspun India and GHCL are cases in point. Welspun acquired 85% stake in CHT Holdings, the holding company of UK's largest and number one terry towel brand Christy for Rs 132 crore.

GHCL is a domestic soda ash company and does not have any presence in textiles. But it went ahead with two acquisitions in the last six months for about Rs 450 crore (Rs 4.5 billion). These are Dan River (bought in December 2005) and Rosebys. rosebys is UK's largest home textile retailer. Alok Industries has also chalked out plans to expand its range from bed linens to terry towels and is looking for a marketing tie-up in foreign markets.

When the going gets tough, TUFS get going

Against this backdrop, will the government's announcement on TUFS withdrawal impede growth plans of the industry? According to a Karvy report, the textile sector has off late seen lot of investments in the weaving segment. The feed stock for weaving industry is yarn, which is a high capital intensive and low margin business. The average margins here range between 5% and 8%. The TUFS subsidy made viable for these yarn companies to go for expansions when interest rates prevailing in the market were at its all time low. In a scenario where new expansion become difficult in yarn segment, then there will be shortage of yarn to commensurate with the weaving requirement, which witll push the yarn prices up. This will force the weaving companies either to increase the prices or take a hit on their margins. If prices are increased it will have impact on the garment prices and garment industry will see their exports declining

Till 30th April, 2006, the total loan amount sanctioned under TUFS stood at Rs 180.34 billion. While the total amount disbursed stood at Rs 117.74 billion. The amount sanctioned was against the total project cost of Rs 397.29 billion. The Government has estimated that the whole textile sector will require around Rs 1400 billion of investments to make the sector competitive to tap the global textile market and achieve the targeted export of $ 40 billion by 2010.

Quote:

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Originally Posted by sgokulprathap

Quote:

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Originally Posted by great

Take a quiz on stock market

http://in.rediff.com/money/2006/jul/25quiz.htm

---

I got only 2 out of 5 correctly in the first attempt. Took 2 chances for 1 question. Rest 2, I got wrong both in 1st and 2nd attempt. :(

---

I got 3 :oops:

August 4, 2006.

SENSEX-> 10866.51 (56.65 points, 0.52%).
NIFTY-> 3176.75 (13.25 points, 0.42%).

Markets end weak: PSU bank stocks slip

It was the second day when markets were trying to sustain above some important levels but failed in its attempt to do so. The markets opened the day in positive terrain and moved higher but slipped again as profit booking set in at the higher level.

The Sensex closed at 10,866.51 down 56.65 points. The Nifty lost 13 points to close at 3177.

The BSE Small Cap Index closed at 5,216.87, down 22 points.

The BSE Midcap Index ended at 4,359.42, down 14.55 points.

Most of the BSE sectoral indices closed in red with Oil and Gas, FMCG and Bank being among the top laggards.

The BSE Oil and Gas Index closed down 1.69% at 4,996.19. Petronet LNG, HPCL, Reliance, IOC and GAIL were among the losers.

The BSE Consumer Durables Index lost 1.6% at 2,726.94. BPL, Blue Star and Titan Industries lost ground

The BSE FMCG Index was down 1.6% at 1,857.33. P & G, Tata Tea, ITC, HLL and Colgate closed in red.

The BSE Bankex was down 1.5% at 4,773.04. PNB, Allahabad Bank, IOB, Bank of India and Union Bank were among the losers.

The BSE Metal Index flat at 7,853.75. JindalStainless, SAIL, Guj NRE Coke and Tata Steel witnessed moderate buying.

The Auto index closed at 4,564.57 down 0.2%. Hero Honda, Ashok Leyland, Escorts, Cummins and Tube Investment closed lower.

The BSE IT Index was up 0.2% at 4,010.83. HCL Tech, TCS, Infosys and Patni Computer moved up.

The BSE Capital Goods Index was down 0.5% at 7,151.33. Gammon India, Alfa Laval, SKF India, Alstom Projects and Bharat Elec closed lower.

The BSE Health care index closed up 0.5% at 3,256.26. Sterling Bio, Cadila Health, Nicholas Piramal and Wyeth closed in the positive terrain.

The NSE cash turnover was at Rs 5531.27 crore and the NSE F&O turnover was at Rs 21406.45 crore. The BSE cash turnover was Rs 2541 crore. Total market wide turnover was at Rs 29478.72 crore.

SENSEX:
Day’s high: 11039.34.
Day’s low: 10810.04.

August 8, 2006.

SENSEX-> 11014.97 (202.33 points, 1.87%).
NIFTY-> 3212.40 (61.30 points, 1.95%).
BSEBANKEX-> 5015.08 (157.39 points, 3.24%).

SENSEX:
Day's High: 11028.02.
Day's Low: 10839.53.

August 8, 2006.
Markets cheer: Nifty ended above 3,200 first time since May 29

The markets had a good close just before the Fed meet; crossing some important barriers. It was a surprising rally before the event, buying was seen in scrips across sectors.

The Asian markets closed higher and the European markets opened in green on the back of dovish statement or may be a pause in interest rate hike being expected from the Fed Chairman Ben Bernanke.

The Sensex closed with gains of 202.33 points or 1.87% at 11,014.97 above the 11000 level. Nifty closed above 3,200 for the first time since May 29. The Nifty gained 61 points to close at 3212. The banking stocks were controlling the dynamics of the market.

The BSE Small Cap Index closed at 5,299.21 up 82.92 points or 1.6%.

The BSE Midcap Index ended at 4,410.16, up 51.29 points 1.18%.

The rally was seen in indices across sectors. All the BSE sectoral indices closed in the green. Bank stocks led the rally followed by capital goods and auto stocks.

Markets Today (Aug 08):

:arrow: Nifty closes above 3,200 for first time since May 29
:arrow: Nifty up 1.95% at 3212.40
:arrow: Sensex up 1.87% at 11014.97; close above 11000 for first time since May 18
:arrow: All BSE Sectoral Indices end in the green
:arrow: BSE Bank Index up 3.24%; ICICI Bank up 4.79%, SBI up 2.52%
:arrow: BSE Oil & Gas Index up 2.14%; ONGC up 2.38%, RIL up 2.35%
:arrow: BSE Auto Index up 1.67%; Bajaj Auto, Maruti, Tata Mot up over 2% each
:arrow: CNX Midcap Index up 1.28%;
:arrow: bank & sugar stocks gain
:arrow: PNB up 7.84%
:arrow: ING Vysya Bank up 6.53%
:arrow: Balrampur Chini
:arrow: Bajaj Hind up over 5% each
:arrow: BSE Small Cap Index up 1.59%; Unity Infraprojects up 11%
:arrow: NSE Advance Decline ratio at 3:1
:arrow: Total market turnover at Rs 21575.01 cr Vs Rs 20097.85 cr on Monday
:arrow: The BSE Bankex was up 3.2% at 5,015.08.
:arrow: PNB, ICICI Bank, Oriental Bank, IOB and Bank of Baroda were among the gainers.

The BSE FMCG Index was up 1.9% at 1,892.32. McDowell, Shaw Wallace, Britannia and ITC closed in green.

The BSE Capital Goods Index was up 1.8% at 7,269.48. Ingersoll Rand, L&T, Bharat Elec, Siemens and Alstom Projects closed higher.

The BSE Auto Index added 1.7% at 4,600.72. Bajaj Auto, Maruti Udyog, Cummins, Tata Motors and Punj Tractors closed in positive terrain.

The BSE Metal Index advanced by 1.6% at 7,893.33. SAIL, Sterlite Ind, Hindalco, Tata Steel and Jindal Saw witnessed buying interest.

The BSE Health Care Index was up by 0.9% at 3,299.27. Divis Labs, GlaxoSmithKline, Wyeth, Sun Pharma and Matrix Lab were among the major gainers.

The BSE IT Index was up by 1% at 4,017.12 moved up. TCS, I-Flex Solution, Wipro, Infosys and HCL Tech jumped

The BSE Oil and Gas Index rose 0.79% at 5,049.79. Chennai Petro, ONGC, GAIL and Reliance advanced higher.

The BSE Consumer Durables Index gained 0.3% at 2,759.07. Samtel Color, Whirlpool, Su-Raj Diamonds, Titan Industries were up.

The NSE cash turnover was at Rs4275.11 crore and the NSE F&O turnover was at Rs 15166.25 crore. The BSE cash turnover was Rs 2133.65 crore. Total market wide turnover was at Rs 21575.01 crore.

F&O UPDATE

:arrow: Turnover at Rs 15166.25 cr
:arrow: Nifty futures discount trim to 6 pts
:arrow: Nifty futures add 16 lakh shares in OI
:arrow: Top Traded :Hindalco,ICICI Bank,Alok Ind,Tata Steel,IDBI,SBI,Canara Bank
:arrow: Alok Indust adds 6 lakh shares in OI
:arrow: Canara Bank adds 4 lakh shares in OI
:arrow: Hindalco,ICICI Bank adds 13 lakh shares in OI

:arrow: PNB,Reliance Capital adds 3 lakh shares in OI
:arrow: SBI adds 4 lakh shares in OI
:arrow: ITC,HLL sheds 4 lakh shares in OI
:arrow: Allahabad Bank adds 5 lakh shares in OI

Aug 09, 2006.
Bernanke pauses, keeps interest rates unchanged

The US Federal Reserve has paused and kept interest rates unchanged at 5.25%. This also ended a two-year run of consecutive increases while leaving room for further moves, should inflation accelerate.

The Federal Open Market Committee's statement after meeting in Washington said inflation has been "elevated" and remains a risk, using words identical to the last decision on June 29.

The panel then added a new sentence predicting price pressures will abate because of past Fed moves and "other factors restraining aggregate demand."

The decision also provoked Fed's first public disagreement since Chairman Ben S Bernanke took the Central Bank's helm in February.

Kaipula, is there any Pension fund offered by UTI :roll:

'UTI retirement benefit pension fund' is there.
http://www.utimf.com/schemes/Liquid_...an.asp?q=%2054

UTI Retirement Benefit Pension fund performance
http://www.valueresearchonline.com/f...schemecode=281

August 9, 2006. Markets turn BULLISH>

SENSEX-> 11145.18 (130.21 points, 1.18%).
NIFTY-> 3255.95 (43.55 points, 1.31%)
BSE100-> 5631.55 (72.77 points, 1.31%).
BSE500-> 4185.15 (58.80 points, 1.42%).
BSEPSU-> 5227.14 (67.83 points, 1.31%).
BSEMIDCAP>4497.74 (87.58 points, 1.99%).
BSESMLCAP-> 5387.20 (87.99 points, 1.66%).
BSEBANKEX-> 5056.99 (41.91 points, 0.84%).
CNX Midcap 100-> 4034.65 (69.30 points).

SENSEX:
Day's High: 11187.65.
Day's Low: 10943.83.

Highest close for Sensex, Nifty since May 18

The markets closed second time above some important levels which they were struggling with a couple of days back. The Asian markets showed significant recovery during the day with the pause in interest rate hike by the FOMC.

It was a good closing today for the second day running and the highest close for Sensex, Nifty since May 18 supported by extremely positive breadth and the volumes picking up. Not only the frontliners participated but even the midcaps were roaring.

The Sensex closed with gains of 130.21 points or 1.2% at 11,145.18. The Nifty gained 42 points to close at 3255.

The BSE Small Cap Index closed at 5,387.20 up 88 points or 1.66%.

The BSE Midcap Index ended at 4,497.74, up 88 points or 2%.

The rally was seen in indices across sectors. All the BSE sectoral indices closed in the green. Consumer Durables, FMCG and metal stocks led the rally followed by capital goods and auto stocks.

The BSE Consumer Durables Index gained 3.7% at 2,860.40.

The BSE FMCG Index was up 2.2% at 1,934.67. Shaw Wallace, Britannia, ITC, Tata Tea and Nirma closed in green.

The BSE Metal Index advanced by 2.05% at 8,055.31. Jindal Steel, Sesa Goa, NALCO, SAIL and Hindalco witnessed buying interest.

The BSE Auto Index added 1.9% at 4,689.03. MRF, Tube Investment, Tata Motors, Apollo Tyres and M&M closed in positive terrain.

The BSE Capital Goods Index was up 1.8% at 7,402.25. Gammon India, Alstom Projects, Carborundum, Praj Industries and KEC Infrastructure closed higher.

The BSE IT Index was up by 1.4% at 4,072.99 moved up. Satyam, HCL Tech, Moser Baer and TCS jumped

The BSE Health Care Index was up by 1.3% at 3,341.27. Aventis Pharma, Divis Labs, Orchid Chemical, GlaxoSmithKline and Wockhardt were among the major gainers.

The BSE Oil and Gas Index rose 1% at 5,097.81. HPCL, Chennai Petro, ONGC, BPCL and Reliance advanced higher.

The BSE Bankex was up 0.8% at 5,056.99. Bank of India, Centurion BoP, Union Bank, SBI and Oriental Bank were among the gainers.

The NSE cash turnover was at Rs 6288.96 crore and the NSE F&O turnover was at Rs 22387.41 crore. The BSE cash turnover was Rs 2889.41 crore. Total market wide turnover was at Rs 31565.78 crore.

August 11, 2006.

SENSEX-> 11192.46 (43.29 points, 0.39%).
NIFTY-> 3274.35 (14.25 points, 0.44%).
BSE100-> 5682.69 (28.61 points, 0.51%).
BSE500-> 4242.39 (28.88 points, 0.69%).
BSEPSU-> 5271.37 (32.37 points, 0.62%).
BSEMIDCAP-> 4617.42 (56.64 points, 1.24%).
BSESMLCAP-> 5596.61 (109.43 points, 1.99%).
BSEBANKEX-> 5048.42 (54.95 points, 1.08%).
BSEFMCG-> 1918.48 (6.49 points).

Aug 11, 2006.

SENSEX:
Day's High: 11241.11.
Day's Low: 11069.25.

August 14, 2006. Another good day for markets. Bank index ended in RED.

SENSEX-> 11312.99 (120.53 points, 1.08%).
NIFTY-> 3313.10 (38.75 points, 1.18%).
BSE100-> 5744.63 (61.94 points, 1.09%).
BSE500-> 4297.43 (55.04 points, 1.30%).
BSEPSU-> 5360.54 (89.17 points, 1.69%).
BSEMIDCAP-> 4723.34 (105.92 points, 2.29%).
BSESMLCAP-> 5701.06 (104.45 points, 1.87%).
BSEBANKEX-> 5,044.89 (3.53 points, 0.07%).

SENSEX:
Days' High: 11330.30.
Day's Low: 11221.86.

August 14, 2006.
Markets celebrate I-Day: Nifty above 3300 level

The markets celebrated Independence Day and closed strong near its day's high backed by buying seen in oil & gas, auto and FMCG stocks. The midcap and the smallcaps continued their northbound journey.

The Sensex closed at 11,312.99 up 121 points. The Nifty gained 39 points to close at 3313.

The BSE Small Cap Index closed at 5,701.06 up 104 points or 1.8%.

The BSE Midcap Index ended at 4,723.34 up 106 points or 2.3%.

Most of the BSE sectoral indices closed in the positive terrain.

The BSE Oil and Gas Index gained 1.98% at 5,307.64. MRPL, BPCL, Kochi Refinery, IOC and HPCL closed higher.

The BSE Auto Index gained 1.74% at 4,795.03. Sundaram-Clayto, Hind Motors, Bajaj Auto and MRF were among the top gainers.

The BSE FMCG Index was up 1.72% at 1,951.46. Nestle, McDowell, Colgate, HLL and ITC closed in green.

The BSE Health Care Index was up by 1.38% at 3,429.33. Biocon, Cipla, Wyeth, GlaxoSmithKline and Lupin closed higher.

The BSE Metal Index advanced by 1.12% at 8,254.86. Welspun Guj, Hind Zinc, JindalStainless, Jindal Saw and Sesa Goa witnessed buying interest.

The BSE IT Index was up by 0.95% at 4,178.77. Hexaware Tech, I-Flex Solution, Satyam, Moser Baer, Mphasis BFL and Wipro jumped.

The BSE Capital Goods Index was up 0.65% at 7,534.33. HEG, Thermax, Gammon India, Alstom Projects, Praj Industries and KEC Infrastructure closed higher.

The BSE Consumer Durables Index gained 0.48% at 2,979.94. Samtel Color, Su-Raj Diamonds, BPL and Blue Star were among gainers.

The BSE Bankex closed flat at 5,044.89. SBI, PNB and OBC moved upwards.

The NSE cash turnover was at Rs 5322.69 crore and the NSE F&O turnover was at Rs 15632.39 crore. The BSE cash turnover was Rs 2836.81 crore. Total market wide turnover was at Rs 23791.89 crore.

Aug 14, 2006
Markets Today:

:arrow: Markets continue to gain on fund buying
:arrow: Sensex up 1.08% or 120.53 points at 11312.99
:arrow: Nifty up 1.18% or 38.75 points at 3313.10
:arrow: BSE Oil & Gas Index up 1.98%
:arrow: BPCL up 6.8%
:arrow: IOC up 6.12%
:arrow: RIL up 1.78%
:arrow: BSE Auto Index up 1.74%
:arrow: Bajaj Auto up 5%
:arrow: Hind Motors up 6%
:arrow: BSE FMCG Index up 1.72%
:arrow: HLL, ITC trade firm
:arrow: CNX Midcap Index up 1.58% led by real estate stocks
:arrow: Mahindra Gesco up 20%
:arrow: Bombay Dyeing up 12.57%
:arrow: BSE Small Cap Index up 1.87% at 5701
:arrow: Datamatic Tech up 13.84%
:arrow: Visual Soft up 10%
:arrow: NSE Advance Decline ratio at 7:2
:arrow: Total market turnover at Rs 23791.89 cr ahead of national holiday

Aug 17, 2006.

Sensex closed at 11,477.48 up 29 points. The Nifty closed flat at 3354 down 2 points.

The BSE Small Cap Index closed at 5,727.42 down 74 points or 1.27%.

The BSE Midcap Index ended at 4,738.78, down 43 points or 0.89%.

The BSE sectoral indices closed mixed.

The BSE Metal Index lost 2.12% at 8,199.62. Hind Zinc, Jindal Saw, Tata Steel and Welspun Guj witnessed selling pressure.

The BSE Bankex was down 0.3% at 5,158.09. IOB, Andhra Bank, PNB, Oriental Bank and Bank of India moved downwards.

The BSE IT Index closed flat at 4,193.29. Moser Baer, HCL Tech, Satyam and Infosys closed in green

The BSE Health Care Index was up by 0.5% at 3,481.00. Glenmark, Lupin, Divis Labs, Cadila Health and Dr Reddys Labs moved up.

The BSE Capital Goods Index was up 0.6% at 7,741.90. Ingersoll Rand, Siemens, ABB and BHEL closed higher.

The BSE FMCG Index was up 0.5% at 1,983.15. HLL, Dabur India and ITC closed in positive terrain.

The BSE Auto Index gained 0.7% at 4,874.05. Ashok Leyland, Bharat Forge, Tata Motors, M&M advanced on the bourses

The BSE Oil and Gas Index gained 0.22% at 5,444.07. Kochi Refineries, Reliance and BPCL closed in positive terrain.

The NSE cash turnover was at Rs 7142.98 crore and the NSE F&O turnover was at Rs 24160.01 crore. The BSE cash turnover was Rs 3842.61 crore. Total market wide turnover was at Rs 35145.6 crore.

Markets Today:

Markets end almost flat amid volatile session
:arrow: Sensex up 29.17 points at 11477.48;
:arrow: Nifty down 2.15 points at 3353.90
:arrow: BSE Metal Index down 2.12%
:arrow: Baosteel may cut factory prices by 5% in Q4
:arrow: Hind Zinc down 4%
:arrow: Tata Steel down 2.72%
:arrow: Hindalco down 2.57%
:arrow: BSE Bank Index down 0.26%
:arrow: ICAI ro review AS-15 norms
:arrow: IOB down 2.86%
:arrow: Andhra Bank down 2.68%
:arrow: PNB down 2.4%
:arrow: BSE Oil & Gas Index up 0.22%
:arrow: RIL up 1.95%
:arrow: BSE Healthcare Index up 0.50%
:arrow: Dr Reddy up 2.5%
:arrow: CNX Midcap Index ends marginaly down
pharma stocks hold firm
:arrow: Glenmark Pharma up 7.6%; Lupin up 5.14%
:arrow: BSE Small Cap under performs major indices; down 1.27%;
sugar stocks end down
:arrow: Dharani Sugar down 6.15%
:arrow: Shakti Sugar down 5.7%
:arrow: KM Sugar down 5.3%
:arrow: NSE Advance Decline ratio at 2:5
:arrow: Total market turnover at Rs 35145.6 cr Vs Rs Rs 30,947.88 cr on Wednesday

August 18, 2006. Markets flat.

SENSEX-> 11465.72 (11.76 points, 0.10%).
NIFTY-> 3356.75 (2.85 points, 0.08%).

BSEMIDCAP-> 4770.31 (31.53 points, 0.67%).
BSESMLCAP-> 5766.64 (39.22 points, 0.68%).

SENSEX:
Day's High: 11508.17.
Day's Low: 11409.11.

How is the PrulICICI Dynamic Plan(Mutual Fund) as a source for Invsesting some amount?They invest in equity markets ....Any tips :idea: for a relatively new comer?

RP, r u goin to invest a bulk amount at one time or r u plannin to invest thru SIP?
And do u luk for short-term gains? or wil u stay fr long-term?

Generally its better to stay invested in MFs fr a long-term.

The fund u mentioned hav been performing well. But the risk grade fr d fund is very high. It is not advisable fr a new investor to invest in such fund.

U may consider these funds.
:arrow: Sundaram BNP Paribas Select Midcap
:arrow: Magnum Contra
:arrow: Magnum Global
:arrow: Reliance Growth
:arrow: Reliance Vision

Sep 1, 2006.
SENSEX-> 11778.02 (78.97 points, 0.68%).
NIFTY-> 3435.45 (21.55 points, 0.63%).
BSEMIDCAP-> 4846.21 (48.14 points, 1.00%).
CNX MIDCAP100-> 4352.40 (45.25 points).

SENSEX:
Day's high: 11795.02.
Day's low: 11666.01.

Sep 4, 2006.
SENSEX-> 11914.21 (136.19 points, 1.16%)
NIFTY-> 3476.85 (41.40 points, 1.21%)
BSEMIDCAP-> 4939.72 (93.51 points, 1.93%)
CNX MIDCAP100-> 4407.40 (55.00 points, 1.25%)

SENSEX:
Day's high: 11939.96
Day's low: 11824.49

Sep 8, 2006.
SENSEX-> 11918.65 (64.80 points, 0.55%)
NIFTY-> 3471.45 (16.90 points, 0.17%)
BSEMIDCAP-> 5041.35 (55.28 points, 1.11%)
BSESMLCAP-> 6031.23 (79.44 points, 1.33%)
CNX MIDCAP100-> 4504.60 (58.80 points)

SENSEX:
Day's high: 11940.58
Day's low: 11825.22