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Dec 3rd 09 Oxyzen Market Report

- The market had a choppy session, erasing morning gains to end flat with profit booking. The Sensex closed up 15 points at 17,185 and the Nifty closed up 8 points at 5,131. - Analysts provided recommendations to buy stocks such as DLF, UltraTech Cement, RNRL, and hold Jet Airways. The market will likely see further profit taking at higher levels. - European markets traded higher while the Sensex closed flat after a volatile session, shrugging off positive global cues. Traders remained cautious.

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0% found this document useful (0 votes)
146 views7 pages

Dec 3rd 09 Oxyzen Market Report

- The market had a choppy session, erasing morning gains to end flat with profit booking. The Sensex closed up 15 points at 17,185 and the Nifty closed up 8 points at 5,131. - Analysts provided recommendations to buy stocks such as DLF, UltraTech Cement, RNRL, and hold Jet Airways. The market will likely see further profit taking at higher levels. - European markets traded higher while the Sensex closed flat after a volatile session, shrugging off positive global cues. Traders remained cautious.

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baldev_solanki
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www.oxyzen.co.

in Call: (79) 27553072/73 Email:


[email protected]

December 03rd, 2009

BSE LIVE 17,185.68 +15.77 +0.09% NSE


5,131.70 +8.45 +0.16%

It was a choppy session for the market that erased the morning gains and
ended flat on account of profit booking. Sensex shut shop at 17185, up 15
points and Nifty at 5131, up 8 points from the previous close. CNX Midcap
index was up 0.59% and BSE Smallcap index was up 0.92%. The market
breadth was positive with advances at 747 against declines of 528 on the
NSE. Top Nifty gainers included Cipla, Ranbaxy and Reliance Power while
4:03 PM||It w as a

losers were Tata Motors, IDFC and Suzlon. Buy DLF around Rs
325 with target of Rs 1000 in 3-4 years, says Prasad Kushe, technical
analyst, on CNBC Awaaz. The stock is currently trading at Rs 383, down
3:59 PM||Buy <a h

0.17% on the BSE. Buy UltraTech Cement with target of Rs


1100-1200, says Hormuz Maloo of Geojit BNP Paribas on NDTV Profit. The
3:58 PM||Buy <a h

stock is currently trading at Rs 841, up 0.79% on the BSE. Buy


RNRL with a target of Rs 85-90 and stop loss of Rs 67, says Somil Mehta of
Sharekhan on CNBC Awaaz. The stock is currently trading at Rs 72, up 1.9%
3:57 PM||Buy <a h

on the BSE.

Hold Jet Airways with a target of Rs 635 where one can exit, says Vijay
Bhambwani, technical analyst, on CNBC Awaaz. The fundamentals for this
sector continue to be under pressure; it's a technical bounce for now, he
feels. The stock is currently trading at Rs 592, up 10% on the BSE. The Dubai
crisis may have been a blip, but global recovery and excellent GDP numbers
have been a good sentiment boost to our market, says Shahina Mukadam,
market expert, on Zee Business. But valuations do look a little stretched and
market will see profit booking at higher levels, she adds. Nifty is likely to

T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat,
India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064.
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consolidate around 4800-5200 levels for some time and see a convincing
upmove only around March 2010, she adds

The market will see profit booking at higher levels, says Vijay Bhambwani,
technical analyst, on CNBC Awaaz. Tomorrow being Friday, traders would be
cautious and not buy in huge volumes, he feels. If international cues are
positive, and Nifty sustains above 5190 then on can buy for a further upside,
he adds. He top trading pick is RIL also good for the long term

The market ended flat with lot of volatility and profit booking. Sensex closed
at 17158, down 11 points (provisional) and Nifty at 5122, down 1 point
(provisional) from the previous close. CNX Midcap index was up 0.57% and
BSE Smallcap index was up 0.87%. The market breadth was positive with
3:35 PM||The mark

advances at 761 against declines of 513 on the NSE.

MARKET DATA
SENSEX 17185.68 15.77

Nifty 50 5131.7 8.45

Dow Jones 10452.68 -18.9

Nasdaq 2185.03 9.22

FTSE 5350.17 22.78

Nikkei 225 9977.67 368.73

Hang Seng 22553.87 264.3

T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat,
India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064.
www.oxyzen.co.in http://oxyzenfinancial.blogspot.com
Mutual Funds – Equities - Fixed Deposits - Bonds – Postal Schemes - Structured/Portfolio Mgt Products – Life Insurance
– Car /Health / Motor / Travel Insurance – Corporate Treasure – Estate Planning - Online Investing
www.oxyzen.co.in Call: (79) 27553072/73 Email:
[email protected]

Top Gainers & Losers


Top Gainers Top Losers
% %
Company Price Chang Company Price Chang
(Group A) (Rs) e (Group A) (Rs) e
IndiabullsFinS 134.7
Jet Airways 598.2 11.3 ervice 5 -4.4
Jubilant Tata Motors
Organosys 347.7 9.81 Ltd. 705.4 -3.34
1,235. Piramal 400.9
Hind. Zinc 95 7.16 Healthcare L 5 -3.27
United Spirits 1,391. Thermax 585.8
Ltd. 10 7.06 Limited 5 -2.8
IRB
Ranbaxy 511.0 Infrastructure
Labs. 5 5.67 D 248.5 -2.72

Markets News
➢ Unitech up 3.5%, adds 45 lakh shares in OI
➢ The stock futures have seen addition of over 2 crore shares today and
the put call ratio (PCR) has been moving up reports CNBC-TV18's
Varinder Bansal. Unitech is up 3.5% with a good build-up of nearly
➢ European markets trading higher; CAC, DAX up
➢ At 3: 48 pm (IST), European markets were trading higher. CAC 40 was
up 0.99% or 37.65 points at 3,833.57. DAX added 0.86% or 49.84
points at 5,831.52. FTSE 100 rose 0.56% or 29.85 points at 5,357.24..
➢ Sensex closes flat; SBI, metals up, FMCG, ICICI Bk dip
➢ The Sensex wiped out early gains in the last of hour trade and closed
on a flat note for the second consecutive day, after a volatile trade. It
shrugged off positive global cues. Traders were cautious
➢ Sensex erases early gains; FMCG, ICICI Bk, Infy, L&T drag

T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat,
India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064.
www.oxyzen.co.in http://oxyzenfinancial.blogspot.com
Mutual Funds – Equities - Fixed Deposits - Bonds – Postal Schemes - Structured/Portfolio Mgt Products – Life Insurance
– Car /Health / Motor / Travel Insurance – Corporate Treasure – Estate Planning - Online Investing
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➢ At 14:40 hours IST - the Sensex was trading off its day's high, as
private banking and FMCG stocks, and stocks like Infosys, Tata Motors,
SAIL, L&T, Hero Honda, Suzlon Energy and DLF were seeing selli
➢ Nifty inches towards 52-wk high; ADAG stocks shine
➢ At 13.40 hrs IST, The Nifty extended gains and was near to its
intermediate high of 5181.95. Buying was seen in almost all the
sectors; oil & gas, banking, telecom, metal and select technology
stocks
➢ Angel Broking positive on Auto Sector
➢ Angel Broking has come out with its research report on Auto sector.
The research firm remain positive on the Indian Auto Sector. However,
most of the Auto stocks have registered a sharp run up in the
➢ See rupee stabilising at 46-46.50/dollar level: UBS
➢ In an exclusive interview with CNBC-TV18, Bhanu Baweja, Head of
Research and EM Strategy, UBS, speaks about the currency market
and his outlook for the Indian rupee going forward....
➢ Bharti Shipyard excellent bet for long-term: Sanju Verma
➢ In an interview with CNBC-TV18, Sanju Verma, CEO-Institutional
Business of Proactive Universal Group, spoke about her reading of the
market and her outlook....
➢ Sensex northbound; ACC, Hindalco, Grasim, Cipla top gainers
➢ At 11.57 hrs IST, continuous buying in oil & gas, banking, technology,
cement, realty, metal and select infrastructure stocks was helping the
Sensex to maintain early gains. However, selling in Tata
➢ See no arbitrage opportunity for Edelweiss: Experts
➢ In an interview with CNBC-TV18, SP Tulsian of sptulisan.com and
Siddharth Shah, Head–Funds Practice Group at Nishith Desai and
Associates spoke about the Great Offshore takeover saga and its
ramificat

Stocks News
➢ Mphasis has target of Rs 830-840: Baliga
➢ Mphasis has target of Rs 830-840, says Ambareesh Baliga, Karvy Stock
Broking....
➢ Bharti Shipyard looks expensive: Baliga

T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat,
India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064.
www.oxyzen.co.in http://oxyzenfinancial.blogspot.com
Mutual Funds – Equities - Fixed Deposits - Bonds – Postal Schemes - Structured/Portfolio Mgt Products – Life Insurance
– Car /Health / Motor / Travel Insurance – Corporate Treasure – Estate Planning - Online Investing
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➢ Bharti Shipyard looks expensive, says Ambareesh Baliga, Karvy Stock


Broking....
➢ Jindal Power IPO likely by Jan 2010: Naveen Jindal
➢ Naveen Jindal, Executive Vice Chairman and Managing Director, Jindal
Steel and Power announced that the Jindal Power initial public offer
(IPO) was likely by January 2010 and that he aimed to raise US
➢ Avoid Tata Elxsi, says Akshata Deshmukh
➢ Ignore Tata Elxsi, says Akshata Deshmukh, Sr Research Analyst,
Networth Stock Broking....
➢ NIIT Technologies can touch Rs 220: Deshmukh
➢ NIIT Technologies can touch Rs 220, says Akshata Deshmukh, Sr
Research Analyst, Networth Stock Broking....
➢ Usha Martin can test Rs 89-90: Akshata Deshmukh
➢ Usha Martin can test Rs 89-90, says Akshata Deshmukh, Sr Research
Analyst, Networth Stock Broking....
➢ Reliance Comm top gainers on the Sensex
➢ Reliance Communications was quoting at Rs 179, up Rs 4.10, or 2.34%.
It has touched an intraday high of Rs 180.95 and an intraday low of Rs
175.10....
➢ Cipla makes smart gains
➢ Cipla touched a 52-week high of Rs 344.80. At 3:10 pm, the share was
quoting at Rs 344.50, up Rs 13.40, or 4.05%. It was trading with
volumes of 994,230 shares. Yesterday the share closed up 0.73% or
➢ Ranbaxy Laboratories in good health
➢ Ranbaxy Laboratories touched a 52-week high of Rs 508. At 2:57 pm,
the share was quoting at Rs 506, up Rs 22.35, or 4.62%. It was trading
with volumes of 731,974 shares. Yesterday the share closed up
➢ Piramal Health approves fund raising up to Rs 1000cr
➢ Piramal Healthcare board has approved fund raising up to Rs 1,000
crore, reports CNBC-TV18. It touched an intraday high of Rs 421.70
and an intraday low of Rs 396.90. At 2:49 pm, the share was quoting

Business News
T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat,
India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064.
www.oxyzen.co.in http://oxyzenfinancial.blogspot.com
Mutual Funds – Equities - Fixed Deposits - Bonds – Postal Schemes - Structured/Portfolio Mgt Products – Life Insurance
– Car /Health / Motor / Travel Insurance – Corporate Treasure – Estate Planning - Online Investing
www.oxyzen.co.in Call: (79) 27553072/73 Email:
[email protected]

➢ Unitech Wireless not to join national 3G auction


➢ Unitech Wireless, which on Thursday launched mobile services with
Telenor, will not participate in national auction of 3G mobile frequency,
the president and chief executive of the Norwegian telecom f
➢ Banks' short-term borrowing costs seen rising
➢ Banks will have to pay more for short-term borrowing in December as
concern of liquidity tightening by the central bank and higher supply as
banks seek to narrow asset-liability mismatches ahead of th
➢ Unitech Wireless eyes 8% market share by 2018
➢ Unitech Wireless, which on Thursday launched mobile services with
Norwegian telecom firm Telenor, is aiming for 8% market share by
2018, Managing Director Stein-Erik Vellan said....
➢ Abu Dhabi bank comments on Dubai, grows in Asia
➢ National Bank of Abu Dhabi (NBAD) on Thursday said it will continue to
invest in Dubai but with caution, as it embarks on an expansion across
Asia....
➢ Bharti Airtel says foreign buys still on hold
➢ Bharti Airtel's overseas acquisition plans are still on hold, its chief
executive said on Thursday....
➢ Mahindra Satyam jumps on JPMorgan upgrade: Dealers
➢ Shares in outsourcer Mahindra Satyam jumped as much as 9.6% on
Thursday after JPMorgan upgraded the stock to overweight from
neutral, dealers said....
➢ ICICI Bank plans to raise $270m in bonds: Sources
➢ ICICI Bank, India's second-largest bank, plans to raise around Rs 12.5
billion (USD 270 million) via a bond sale that opens on Thursday, two
sources with direct knowledge of the deal said....
➢ Dubai crisis will not impact India: Unitech
➢ In an interview with CNBC-TV18, Sanjay Chandra, Chairman of Unitech
spoke about the company's telecom venture and the road ahead. ...
➢ RBI may revise upwards FY10 growth f`cast
➢ The Reserve Bank of India (RBI) is likely to revise upwards growth
forecasts for 2009/10 when it reviews policy in January and monetary
action may be needed if inflation accelerates, senior officials
➢ Expect to be virtually zero debt by end of Dec: K Sera Sera

T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat,
India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064.
www.oxyzen.co.in http://oxyzenfinancial.blogspot.com
Mutual Funds – Equities - Fixed Deposits - Bonds – Postal Schemes - Structured/Portfolio Mgt Products – Life Insurance
– Car /Health / Motor / Travel Insurance – Corporate Treasure – Estate Planning - Online Investing
www.oxyzen.co.in Call: (79) 27553072/73 Email:
[email protected]

➢ Film production company K Sera Sera has allotted 45.6 lakh shares,
pursuant to conversion to Yes Bank at Rs 18.94. The total amount
allotted is Rs 8.65 crore. In an interview with CNBC-TV18, Sanjay Gu

T/36, Shantinagar Soc, Nr. Aroma School, Bh. Fortune Landmark, Ashram Rd- Usmanpura, Ahmedabad, Gujarat,
India – 380013. + 91 (79) 27553072-75. Customer Service Nos.: +91 98254 75064.
www.oxyzen.co.in http://oxyzenfinancial.blogspot.com
Mutual Funds – Equities - Fixed Deposits - Bonds – Postal Schemes - Structured/Portfolio Mgt Products – Life Insurance
– Car /Health / Motor / Travel Insurance – Corporate Treasure – Estate Planning - Online Investing

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