Major Heavyweight Results to drive markets tomorrow
Stock markets were in relaxing mood today after a tiring run in last few sessions. Sensex lost 25 points to close at 12858. The market breadth turned negative in the later half of the session with loosers outnumbering gainers. FII's were net buyers of Rs 389 crore on Tuesday while Mutual funds were net sellers of Rs 121.14 crore . The market is expected to open firm tomorrow. There are quite a few Heavy weight results to be announced tomorrow and hence the trading is expected to be quite hectic in these counters. Few attractive Mid-cap stories are also lined to announce results on Thursday.
Good news on Economy Indicators
The Direct tax kitty has swelled by 40% and is nearing Rs 90 k cr. The 40% rise in direct tax collections along with the 20% surge in indirect tax collections suggest two positive trends — an increase in both the tax-GDP ratio and share of direct taxes in the overall tax kitty to well above 50%. Read More
Govt aiming at 10% GDP growth
ET reports qouting Prime minister that the government was aiming to achieve 10 percent annual GDP growth by the year 2011/12, but the country needed over $300 billion to upgrade its infrastructure over the next five years. Read More
BS reports that the Planning Commission might make a pitch to Prime Minister Manmohan Singh tomorrow for a 10 per cent GDP growth target during the Eleventh Five-Year Plan period. Read More
FIEM Industries to list on Oct 19
FIEM IPO is listing tomorrow. Teh IPO was priced at Rs. 137 per share. The issue was subscribed 2.8 times. The listing is expected to be in the range of Rs.150-155.
Reliance Retail chain to go International
Reliance Retail has decided to simultaneously foray into international markets. Identified countries include Sri Lanka, Nepal, China, Vietnam, Cambodia, Indonesia, Philippines, Maldives, Kenya, Myanmar, Nigeria, Ghana and Tanzania. Read More
Wal-Mart bets big on India
Wal-Mart Stores Inc, one of world's largest organised retail chains has said that its sourcing of goods from India would be worth over 600 million dollars by the year-end, around 50 per cent more than in 2005. Read More
Hindalco puts Impressive show, other results
Hindalco Industries posted 90.40% jump in net profit to Rs 597.60 crore for the quarter ended 30 September 2006, compared to Rs 313.8 crore for the quarter ended 30 September 2005. Total Income increased to Rs 4,745 crore (Rs 2,752.10 crore)
Exide Industries has posted a net profit of 50.41% to Rs 43.74 crore for Q2 September 2006, compared to Rs 29.08 crore for Q2 September 2005. Total income has increased from Rs 338.96 crore to Rs 453.58 crore
Bank of Rajasthan’s Q2 September 2006 net profit jumped more than 10-fold to Rs 55 crore, from Rs 5.25 crore for Q2 September 2005. Its NII rose 35% to Rs 71.8 crore (Rs 52.9 crore).
Bajaj Auto’s net profit rose 10% in Q2 September 2006, to Rs 317.59 crore from Rs 289.36 crore in Q2 September 2005. Net sales rose 30.4% to Rs 2,435.97 crore from Rs 1,866.95 crore. The core operating profit margin (OPM) declined to 15% from 16.9% in Q2 September 2006.
Major results on Thursday
Heavy weights
Reliance Industries
State Bank of India
ONGC
Larsen & tourbo
Ranbaxy Labs
Other Major Results
Reliance Energy
JSW steels
IDBI
Canara Bank
GNFC
HT Media
Kotak Mahindra
Adlab Films
3i Infotech
2 comments:
Dear sir,
what are the reasons for today fall? is this the end of the rally or a correction phase.
Pl guide
Rohit
Dear Rajesh
Wish you happy & prosperous diwali.
Expect some fireworks from you in terms of Investment ideas.
regards
Amit
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