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US stocks fall despite housing gains


New York - US stocks fell on Tuesday amid a drop in consumer confidence and concerns about unemployment, even as data showed housing prices soared in July by the most in four years.


Consumer confidence dropped fell to 53.1 points from a revised 54.5 in August, amid rising unemployment, the New York-based Conference Board said Tuesday.


Investors were also concerned about September unemployment figures that are due out Friday. The US unemployment rate jumped to 9.7 per cent in August, soaring to a 26-year-high, as employers slashed an additional 216,000 jobs.

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Nifty To Maintain Above 5,020 For A Target Of 5,080-5,150: Nirmal Bang


The Nifty managed to close above the 5K mark as huge buying continued to see in pharma, IT and oil & gas stocks which kept the market momentum going. The Sensex closed up 160 points at 16,853 after trading in the narrow range of 16,907 - 16,802. The Nifty shut at 5,007 up 48 points or 0.97%. Among the broader indices, midcap and smallcap were also up 1% each. The breadth remained strong for the entire session but the market total turnover were lower at 65,365 cr. The Oct Nifty future ended with 10 points discount.

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World Market Review and Indian Stock Market Analysis By Nirmal Bang


U. S. stocks declined as technology shares retreated from a one? year high and energy producers dropped as a stronger dollar dragged down oil, overshadowing the biggest gain in home prices in four years. Technology shares in the S&P 500 fell 0.7 percent after closing yesterday at the highest level since September 2008. The group is still the best? performing industry in 2009, having surged 45 percent. The S&P 500 Energy Index slumped 0.6 percent as the U. S. currency gained. Exxon, the biggest U. S. oil producer, lost 0.8 percent to $69.07.

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Sensex crosses 17,000 mark for the first time after financial crisis


Mumbai, Sep 30 : The benchmark index of the Bombay Stock Exchange (BSE) climbed above 17,000 points on Wednesday for the first time since May 2008.

The BSE index rose to more than one percent in its early trade as investors betted on strong quarterly earnings.


The market continued with its upward march taking cues from peers in Asia and on hopes of revival in global and domestic economy.


The BSE Sensex was at intra-day high of 17026.31, up 173.40 points or 1.02 per cent. The index touched an intraday low of 16868.46.

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Sensex Hits 17K Mark; Nifty Up 62.20 pts


The Sensex continued to trade strongly and maintained 17,000 mark on account of constant buying witnessed in banking, metal and IT stocks.


Mirroring strong buying at side counters, BSE Midcap and Smallcap index surged 0.50% and 0.97% respectively.


The 30-share index, BSE Sensex opened with a gain of 15.55 points, at 16,868.46 on Wednesday.


At 12:59 p. m., the 30-share index Sensex, which belled the day after gaining 15.55 points at 16,868.46, stood at 17,034.40, up 181.49 points. It also hit a high of 17,053.98 and a low of 16,868.46.

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Camlin Limited Long Term Buy Call: Abhishek Jain, StocksIdea.com


Company was incorporated on 24th December 1946, as a private limited company with the main object of taking over the running business of M/s. Dandekar & Co., which was founded by late G. P. Dandekar and D. P. Dandekar in 1931 at Girgaum, Mumbai. The Company manufactures stationary products, art materials. The Company was converted into a public limited company on 24th March 1988 and the name was changed to Camlin Ltd.

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Thinksoft revises price band, offer to close on October1


The Karnataka-based Thinksoft Global Services Limited has extended the closing date of IPO till October 1, 2009, revising offer band price to between Rs 115 and Rs 125, against its earlier band of Rs 120-130. The company did not divulge any specific reason for the development, but reports claims that the move is led by poor response to the IPO, which was, as per reports, subscribed just 62 per cent.


The official spokesperson for the company said that its board weighed various options before revising the date and price band for the Initial Public Offer.

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Welspun Gujarat raises $150 million


Welspun-Gujarat Stahl Rohren, the flagship of Welspun Group, has raised $150 million (nearly Rs 720.2 crore) by way of foreign currency convertible bonds (FCCBs) issue.
The company will utilize the money to invest for capital expenditure, investments in growth opportunities and other usage in accordance with applicable statutory and/or regulatory requirements.


The company has priced FCCBs at $130 million with an option to raise an additional amount to the tune of $20 million if the issue is fully subscribed.

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Indian Stock Market & World Stock Market Review By Nirmal Bang


 The markets maintained their upward movement for the third consecutive day on the back of strong buying witnessed in the Index heavyweight like Reliance Ind & State Bank of India which has been consolidating for quite some time.


Global Asian cues were also positive today. Hang Seng was up 2.14% and Shanghai rose 1.71% and Taiwan Weighted gained 1.2%. The Sensex closed up 107 points to
16,123 and the Nifty rose 22 points to 4,805 after hitting an intraday high of 4842.

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US stocks climb on oil, gold hikes


New York - Major Wall Street indices gained Tuesday as price increases for oil and metals including gold fuelled a rally in commodity and energy shares.


The dollar hit a 2009 low against the euro, helping the commodity price hikes. The US currency dropped to 69.03 euro cents and 92.31 Japanese yen.


The price of crude oil climbed 4.5 per cent to 71.1 dollars per barrel, and gold futures climbed above 1,000 dollars per ounce. Copper jumped more than 3 per cent.


Shares of Alcoa, Chevron and Exxon Mobil climbed more than 2 per cent.

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Indian Stock Market & World Stock Market Review By Nirmal Bang


The Sensex closed higher for the fourth consecutive day on the back of sharp upside in Reliance Industries, which gained 4.5%. Metal stocks continued their run up today as well and banking stocks were the other gainers.


However, selling in telecom, realty, power, FMCG, auto, oil marketing, capital goods and select technology stocks limited the gains. Asian markets ended mixed. Shanghai and Jakarta gained 0.5% while Hang Seng, Nikkei, Straits Times, Kospi and Taiwan fell 0.4-1%.


In the metal space, Hindalco gained 4.14%. NALCO, Sterlite Industries and Tata Steel were up 0.8-

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USD / JPY Technical Forex Analysis for Forex Traders

Finally, we have tested the most important support level in the current price area: 91.73-91.76, which is the small support area that holds within the lows of July 8th, 10th, and 13th. Price hardly held above it after reaching 91.60. And we think that breaking it would have enough influence to "finally" accelerate the downtrend, and would be followed by a move down to 90.90 or even 89.69. As for attempts to go higher, they would not mean anything without a break of Fibonacci 61.8% resistance at 92.20, which stopped the rise twice, during the American & Asian sessions. If this resistance is broken, we think the USDJPY will target areas above 93 such as 93.42, and if this one is also broken, the next stop would probably be 94.16.
Support:

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Sensex Sheds Some Gains On Profit Booking


The 30-share index Sensex, which gained more than 248 points during the opening trade today, has shed some of its gains owing to some profit booking witnessed across front line stocks.


Banking, healthcare and metal stocks were in the lead, while real estate and auto slipped in the negative terrain.


BSE Midcap and Smallcap index increased 0.34% and 0.21% respectively.


For the week ended on August 29, 2009, Inflation stood at -0.12% as against -0.21% during the last week ended on August 22, 2009.

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Nifty Crosses 4,800 Pts; Highest Level In Nearly 15 Months


During the early trading session today, the broad-based Nifty crossed 4,800-points level for the first time in 15 months.

The 30-share index BSE Sensex also remained up and gained more than 122 points.


The markets gained on the back of increased inflow of foreign funds driven by strengthening trends in other Asian markets.


Previously, the Nifty posted 4,821.30 points on June 2 2008. It hit a 52-week high of 4743.75 on Monday (Sep 07, 2009).

The Sensex had gained around 617 points during the last two trading sessions.

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Shares rise 2.3 per cent in Seoul


Seoul - Shares surged 2.3 per cent Thursday on the Seoul stock exchange on strong buying by foreign investors while South Korea's currency gained against the dollar.



The benchmark Kospi index soared 36.91 points to close at 1,644.68.


Advancing issues outpaced decliners 604 to 217.

The main index of the technology-heavy Kosdaq market inched forward 4.81 points to 525.01.

On currency markets, the US dollar was quoted at 1,224.50 Korean won, after 1,227 won Wednesday. (dpa)

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Stock Mkt Is Expected To Remain Strong, Says Sharekhan


The BSE Sensex surged 1.2% on Thursday, extending gains into a fifth successive session, backed by strong world markets and expectations the administration would focus on ensuring growth.


Financial stocks including private-sector lenders ICICI Bank and HDFC Bank headed the gaining chart on signs the easy economic position would continue to improve consumer spending.


India's main economic concern was lifting growth rather than inflation, Finance Secretary Ashok Chawla said on Wednesday, adding he saw no need for RBI to alter policy.


Market traders said this suggested interest rates would not climb rapidly and helped boost overall reaction.

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After Market Report : Nirmal Bang

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Market Round Up

The benchmark index extended its winning streak to the fifth day and ended flat as profit-taking erased earlier gains. The Sensex advanced 33 points to close at 16,216 after trading between 16,434 and 16,166. The Nifty ended with just 5 points gain at 4,819 after shedding 69 points from day's high of 4889. Metals, banking and IT stocks posted gains today, realty and auto counters ended lower. The volumes were very high, total traded turnover was at Rs 1,01,849 cr. as against Rs 78,551 cr. and the market breadth was also negative. The Sept Nifty future ended with 15 points discount.


Movers & Shakers

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Advani may take up “Yatra” from Sep.15

 New Delhi, Sep 5 : Senior BJP leader Lal Krishna Advani is all set to take up nationwide ''Yatra'' to boost the morale of party cadres and conduct a talent-hunt among the GenX of the party.


Advani would launch his ''yatra'' around September 15 either from Jammu or Kerala, a report published in the Manoramaonline. com quoted a source close to Advani as saying.


Advani would also visit the three states of Maharashtra, Haryana and Arunachal Pradesh where the State Assembly polls are scheduled in the first week of October, as part of his yatra.

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India’s proof in 26/11 Mumbai attacks probe insufficient: Pakistan


Multan (Pakistan), Sep 5 : The Government of Pakistan on Saturday claimed that the evidence provided by Government of India regarding the 26/11 Mumbai attacks probe is insufficient and further movement will depend upon India’s response.


“India’s proof is not enough to carry the 26/11 probe. India needs to take the next step to carry the probe further,” Pakistan Foreign Minister Shah Mehmood Qureshi said during a press conference.

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Werner Herzog on crazed roles and crazy actors


Venice, Italy - While researching an idea for a movie, German director Werner Herzog visited a US trailer-park to interview a man who spent eight years in a mental asylum for killing his mother with an antique sabre.

"I could tell he was still insane and dangerous," the legendary director said.


Then something on the wall of the man's decrepit trailer sent a chill down his spine: a poster of his own film, Aguirre, the Wrath of God, displayed together with a candle and a crucifix.

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Ecclestone: Renault not yet found guilty


London - Grand Prix supremo Bernie Ecclestone does not yet consider Formula One team Renault guilty of cheating, he said in an interview published in the Daily Mail on Saturday.

"That the FIA World Motor Sport Council has become active does not mean that Renault is guilty," he is quoted as saying.


Renault is accused of deliberately instigating a crash at last year's Grand Prix in Singapore, which Alonso won after he was the only driver to have undertaken a fuel stop before the safety car phase.

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India anguished over Nepal temple priest attack

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New Delhi, Sept. 5 : Following the attacks on two Indian priests at the Pashupatinath temple in Kathmandu, India said that the incident has caused deep anguish and serious concern in the country.

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The Government said that the matter about the assault on the two newly appointed priests in revered Pashupatinath Temple was immediately taken up with Nepal authorities.

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“The attack on the two newly appointed Indian priests, Girish Bhatt and Raghavendra Bhatt, at the revered and sacred Pashupatinath temple in Kathmandu on September
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Tokyo stocks fall ahead of US unemployment report

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Tokyo - Tokyo stocks fell in Friday morning trading after initial rises as investors cautiously awaited the release later in the day of US unemployment data.

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The Nikkei 225 Stock Average fell 16.54 points, or 0.16 per cent, to 10,198.1.

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The broader-based Topix index was also down 4.65 points, or 0.49 per cent, at 938.12 as the August unemployment rate in the United States, one of Japan's largest export markets, was expected to tick up to 9.5 per cent from 9.4 per cent.
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Hong Kong shares surge in biggest one-day gain in six weeks

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Hong Kong - Hong Kong shares jumped almost 3 per cent in a late buying spree Friday, pushing the Hang Seng Index back above 20,000 with its biggest one-day increase in six weeks.

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The index climbed 556.94 points, or 2.82 per cent, to end the day at 20,318.62 with most of the gains coming in the last hour of trading.
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