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The market continued to drift lower for the fourth consecutive session on weak global cues and renewed fears of the rupee weakening against dollar. The Nifty closed at 6141, which for the first time was below its 21-day EMA after almost a month. On the weekly chart the Nifty has formed an expanding triangle which is a bearish pattern. Going ahead, the Nifty has a strong support around level of 6070-6080. If it holds on to these levels, we may see a minor bounce up to levels of 6150-6200 in the short term. If the Nifty breaks these levels we may drift down to 6000. On the upside the index has a strong resistance at around 6165 with the second resistance coming around 6200.

Reliance Power (RPower) has reportedly approached Power Finance Corporation (PFC) yet again for loans aggregating to Rs 5000 crore. These loans are for its two projects – Rs 2500 for the Samalkot (Andhra Pradesh) project and Rs 2584 crore for the Tato – II (Arunachal Pradesh) project. The stock will remain in focus based on these developments. A financial tie up for these two projects spells good for the company.

The Singh brothers (of Ranbaxy fame) are in trouble and that spells a bad bout for the Ranbaxy stock. Reports suggest that the Japanese pharma giant Daiichi Sankyo has accused both the brothers of having hidden and also misrepresented facts at the time of the USDW 2.4 billion buyout of a controlling stake in the company. The company is seeking compensation for the USD 500 million settlement it had to reach with authorities in the US following enquiries on the practices adopted by Ranbaxy for getting approvals. You surely know where the stock is headed this week

One stock that will be zooming up and staying in focus for the week or probably for even some more time to come is Tata Motors. The superlative results of the company powered by a good performance of the JLR will keep the stock on every investor’s radar. At a time when almost the whole of the auto sector is reeling under pressures of a lower demand, this comes as a good surprise.

Among the first few, public sector bank Dena Bank intends to raise Rs 600 crore through a qualified institutional placement (QIP). The government is expected to pump in Rs 700 crore in the bank as capital and its management is reportedly planning to raise another Rs 600 crore through the QIP to support its needs. The stock will remain in focus for today following this development.

Some more stocks that will ride news flows today include Coal India which has reported to have said that its subsidiary BCCL will be enhancing its output to 36 million tones in the next three years. Ashok Leyland is another stock which will be on the markets radar today. The company has announced a VRS for its workers. According to reports, the VRS is aimed at bringing down manpower costs and aligning fixed costs. This is a reflection of the days to come and hence a sign of why you should stay away from the stock.

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The market continued with its upward march. On Thursday, benchmark indices ended at their record high levels with gains of about 1%. Earlier in the day, the market traded in a tight range and marginally slipped into the red in post lunch deals as selling in heavyweights like ONGC, HDFC Bank and ITC weighed on the indices. However, in the last half an hour of trades, the Nifty surged to its magical mark of 6300. On the daily charts, the Nifty is continuing its sequence of higher-top higher-bottom, which suggests buying on dips is a better strategy. The Nifty has a strong resistance at around levels of 6325-6355 on an intraday basis. On the downside it has a strong support around 6260-6220 levels.

Oracle has launched a newer version of the Oracle FLEXCUBE to help banks improve their mobile payment facilities with improved performance and more personalised customer experience. Oracle FLEXCUBE platform integrates easily with various channels, like call centers, ATMs and allows customers to access their account remotely. The stock of Oracle is expected to move up following this development in today’s trades.

LIC has reduced its stake in Tata Global Beverages by 2.02% by selling 1.25 crore shares in the open market. The institution held about 7.63% stake in the company, which it reduced to 5.60%. This reduction of stake by LIC happened over the past many months. The stock of Tata Global is expected to decline with this piece of information finding its way to the markets.

The Union Ministry Of Environment And Forests has recommended the environment clearance for Dharma Ports’ phase – II expansion, which is an equal joint venture between the Tatas and L&T. The investment requirement for this expansion stands at Rs 10000 crore to expand capacity to 100 million Tonnes per annum (MTPA) from 25 MTPA. The Stocks of both the companies is expected to move up tracking this development.

The RBI has allowed an increase in the limit of shares and convertible debentures that FIIs can hold in HCL Technologies Ltd from the earlier 30% to 49% of its paid up equity share capital under the Portfolio Investment Scheme. The shares of the IT giant will surely ride on this development in trades today.

If you are looking for Stock Tips for Today, share market tips for your equity trading portfolio, then you have come to the right place. Money CapitalHeight Research Pvt.Ltd.  is  a Financial Advisory Firm Provides free trials in all the segments like Stock Tips, Mcx Tips, Stock Tips for Today  Equity Tips, Intraday Tips,Nifty Tips Etc.visit www.capitalheight.com

The market continued with its upward march. On Thursday, benchmark indices ended at their record high levels with gains of about 1%. Earlier in the day, the market traded in a tight range and marginally slipped into the red in post lunch deals as selling in heavyweights like ONGC, HDFC Bank and ITC weighed on the indices. However, in the last half an hour of trades, the Nifty surged to its magical mark of 6300. On the daily charts, the Nifty is continuing its sequence of higher-top higher-bottom, which suggests buying on dips is a better strategy. The Nifty has a strong resistance at around levels of 6325-6355 on an intraday basis. On the downside it has a strong support around 6260-6220 levels.
Oracle has launched a newer version of the Oracle FLEXCUBE to help banks improve their mobile payment facilities with improved performance and more personalised customer experience. Oracle FLEXCUBE platform integrates easily with various channels, like call centers, ATMs and allows customers to access their account remotely. The stock of Oracle is expected to move up following this development in today’s trades.
LIC has reduced its stake in Tata Global Beverages by 2.02% by selling 1.25 crore shares in the open market. The institution held about 7.63% stake in the company, which it reduced to 5.60%. This reduction of stake by LIC happened over the past many months. The stock of Tata Global is expected to decline with this piece of information finding its way to the markets.
The Union Ministry Of Environment And Forests has recommended the environment clearance for Dharma Ports’ phase – II expansion, which is an equal joint venture between the Tatas and L&T. The investment requirement for this expansion stands at Rs 10000 crore to expand capacity to 100 million Tonnes per annum (MTPA) from 25 MTPA. The Stocks of both the companies is expected to move up tracking this development.
The RBI has allowed an increase in the limit of shares and convertible debentures that FIIs can hold in HCL Technologies Ltd from the earlier 30% to 49% of its paid up equity share capital under the Portfolio Investment Scheme. The shares of the IT giant will surely ride on this development in trades today.
- See more at: http://www.dsij.in/article-details/articleid/8797/index-trends-stocks-in-action-for-01-november-2013.aspx#sthash.B2Fy3NCe.dpuf

Stock Market Latest News and Tips

Bharti Infratel, majority owned by India's top telecommunications carrier Bharti Airtel Ltd (BRTI.NS), said consolidated net profit rose to 2.77 billion rupees for its fiscal second quarter ended September 30 from 2.48 billion rupees reported a year earlier.

  Revenue rose five percent from a year earlier to 26.84 billion rupees, the New Delhi-based company said.

Four analysts on average expected the company to report a profit of 3.54 billion rupees, while the average revenue estimate of five analysts was 27.16 billion rupees, according to Thomson Reuters StarMine.Bharti Infratel, which raised $750 million in December in what was India's biggest IPO in two years, owns 42 percent of Indus Towers, the world's biggest tower company by number of telecommunication towers.

At 11.03 a.m., shares in Bharti Infratel were down 2.8 percent after the results in a Mumbai market that was up 0.2 percent. The stock is down 30 percent from its IPO price of 220 rupees.
($1 = 61.59 rupees)



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• India's benchmark BSE index is down 0.85 percent and the broader NSE index is lower 0.9 percent, on
• profit-taking after rising to their highest since November 2010 earlier in the week.
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• Asian stocks also fall, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.6 percent on fears of tighter policy in China.
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• Shares of India's Wipro Ltd fall 4.5 percent after the company's July-September revenue in dollar terms grew 2.7 percent sequentially, lagging other major IT services exporters, dealers say. 
•  
• Other IT stocks also drop on profit-taking: Tata Consultancy Services Ltd is down 1.4 percent, while Infosys Ltd  is lower 1.2 percent and HCL Technologies Ltd  falls 1.3 percent.
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• The NSE index for IT shares up 45.4 percent in 2013 compared with the NSE index's returns of 4.6 percent, as of Tuesday's close.
•  
• Among blue-chip shares, Tata Motors Ltd falls 2.8 percent after marking its record high last week. 

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India's benchmark index is down 0.1 percent, while the broader NSE index is flat 0.05 percent, tracking weak global peers ahead of monthly U.S. jobs data.

Reliance Industries Ltd falls 1 percent on profit-taking after rising more than 5 percent in the last three consecutive sessions, till Monday. 

  

Hero MotoCorp Ltd falls 2 percent ahead of its July-September earnings on Wednesday.

Hero may miss the consensus operating profit forecast for the July-September quarter when it reports results on Wednesday, according to Thomson Reuters Star Mine data.

Shares of Indian sugar companies rally after global raw sugar futures spiked to a one-year high after a fire engulfed four warehouses in Brazil's Santos port, jeopardizing a fifth of monthly exports from the top producer's main terminal.

Shree Renuka Sugars Ltd surges 11.8 percent, Bajaj Hindusthan Ltd gains 7.1 percent, while Balrampur Chini Mills Ltd is up 3.8 percent.

If you are looking for top quality intra-day share market tips for your equity trading portfolio, then you have come to the right place. Money CapitalHeight Research Pvt.Ltd.  is  a Financial Advisory Firm Provides free trials in all the segments like Stock Tips, Mcx Tips, Equity Tips, Intraday Tips,Nifty Tips Etc.visit www.capitalheight.com