Indian stock markets will trade in the negative zone due to weakness in US markets and expiry of derivative contracts. PSUs like BEML, NTPC and other public sector companies may hog limelight in this week. There are no significant triggers to propel markets into higher zones.
Caution of the week: Derivatives expiry will make this week extremely volatile.
Stock of the week: BEML- IPO may boost sentiment in this counter.
Watch out sector: Textile sector.
1. Government will announce sops to revitalise this sector. Most of the stocks are near their 1 year low.
Stock advice:
1. Amara Raja Batteries may dip on Monday and again continue its march basing on wonderful results.
2. Spicejet will be in news (acquisition) in this week also.
Significant news:
1. SEBI barred Karvy broking for 3 months and no new demat accounts till December 31, 2007.
2. India will be the fastest growing market in entertainment &Media over the next 5 years –PWC.
Positive news:
1. Ranbaxy received tentative approval for Tamsulosin.
2. Satyam signed multiyear contract with hawker Beechcraft to provide design services.
3. NTPC entered into JV with TELK for transformers.
4. TV18 will announce bonus shares on July 5 in its board meeting.
5. Kalyani steel forged JV with Gerdau of Brazil.
6. HCL Tech announced $15 million contract with Alenia Aeronautica.
Negative stock news:
1. The drug control administration recommended ban on 1,105 drug brands. Cipla, Alkem, Nicholas Piramal, Lupin and Zydus Cadila are worst sufferers.
Companies in the Business Week’s top 100 list:
1. Bharti Airtel.
2. TCS, WIPRO and Infosys.
3. Satyam and HCL Technologies.
Value picks for Investors:
1. Alok Industries.
2. ITI Limited.
Best Pharma stocks for short-medium term:
1. IPCA Labs.
2. Matrix Labs.
Stock picks for long term investors:
1. Tata Chemicals: Betting on bio-fuels.
2. Wire and Wireless: Growth lies ahead.
3. Dish TV: Can it capitalise on DTH growth?
Stocks for day traders and investors:
1. Adlabs.
2. Network 18.
3. NTPC.
4. IFCI- Selling of malavika steel will boost value.
5. Ranbaxy.
Please share your views on Indian stock markets.
Monday, June 25, 2007
volatile week due to expiry of derivatives
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9 comments:
Hello Doctor
What is your view on Spice IPO?
Thanks
Amaresh
It is difficult to comment on this IPO. Have you bought Kajaria ceramics on Rs 23? If yes, enjoy profits.
Nope i do not have Kajaria. Somehow i couldn't place the order that day, next day i was sick. Really missed good script. :(
Amaresh
namaskar doctor krishna,
i missed this kajaria ceramics. did you recommend it here in your column ?
warm regards!
rajiv malik
Amaresh asked me about Kajaria ceramics. I have already invested on it at that time. I just mentioned about it. I forget to write about vimta labs and kale consultant here. I recommended FDC pharma for short term and EID Parry for long term. I am searching for value picks in short-medium term. From next week onwards, I will write about my investments in stocks. It is better to follow before preaching. Due to busy work, I am missing some good stocks.
Hello Doctor
We all are aware that you will be very busy. But pls make sure you'll post blog entry atleast 1 hour before the market opens. We all will be eagerly waiting for your blog entry.
Thanks
Amaresh
good afternoon doctor,
missing yr comments/daily report for the past two days. why is it so ? miss you really......difficult to tackle the market without your wonderful summary......
regards!
rajiv malik
rajivhtc@gmail.com
Missing your daily posts.
namaskar doctor,
really missing your daily analysis. pl let me know when you start posting the reports.
warm regards!
rajiv malik
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