Today’s Stock Market Wrap And Recommendation

The market opens on a mute note. The Sensex is down 20.04 points at 19557.35 while  the Nifty is 5885.50, down 13.35 points . About 175 shares have advanced, 108 shares declined, and 32 shares are unchanged.Indian rupee opened flat at 59.50 per dollar on Tuesday as against Monday's closing value of 59.52. Himanshu Arora of Religare says surge in dollar demand from state-run banks, mainly from oil importers, and demand from custodian banks may support the dollar's uptrend.  According to him, the range for the rupee is seen between 59.30-59.90/USD.The euro was flat above 1.30 to the dollar. The dollar index was just above the 83 mark. Meanwhile, yen remained weak against the dollar.

Stock Market Wrap:

·  Indian markets closed high. Nifty, Sensex up by 0.97% & 0.94% respectively.

·  Asia-Pacific markets remain sluggish after soft data. Hang Seng surged high.

·  Wall St ended weak. GBP Mfg. PMI at 52.5. Dow Futures down by 40 points.

Indian markets intraday rally and closed near the day's high on Monday, led by gains in realty, power and capital goods sectors as institutional investors turned buyers. China manufacturing PMI falls less than expected. Financials lead FTSE bounce back. Nifty up by 56 pts, closed at 5898. Sensex up by 181 pts, closed at 19577. EUR is in green.

Stock Recommendation:

CapitalHeight’s stock recommendation for 02/07/2013 is Bharat Heavy Electricals Ltd. It was in down trend in last months and took support around 162 level. In today’s trading session, it closed with gain of 3.01%. On the daily chart, it made a long white candlestick and momentum indicator stochastic has also give positive territory. All the indicators are suggesting that we can see some upside movement in the stock. Its short term strong support level is around 162. One can go for long position in Bharat Heavy Electricals above 180. The stock may test level of 197 in near term.

Our recommendation on BHEL Bank is BUY above 180 for the Target of 184/189.

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Live Stock Market News And Market Watch

US Immigration Bill, which was passed by US Senate last night, is seen impacting Indian IT companies' profitability if passed as a law. Analysts estimate that if the bill is passed in the current version, it could hit earnings per share of the top five firms like Infosys, Tata Consultancy Services, Wipro, HCL Technologies  and Tech Mahindra  by 12-25 percent. The Senate judiciary committee had put its version of the Bill through a test vote earlier this week. It had won with an overwhelming majority in favour of the Bill and that what again reflected in final voting last night as well with 68 to 32 (68:32) in favour of the Bill.

The Cabinet Committee for Economic Affairs (CCEA) on Thursday night approved the Rangarajan panel's proposal to hike the natural gas price to USD 8.4 per mmbtu (metric million British thermal units) from April 1, 2014.The committee has further noted that Rangarajan panel's formula for gas pricing would be valid for five years and gas prices will be revised quarterly. The oil ministry in its final proposal had suggested to increase gas price to above USD 6.7 per mmBtu level from current USD 4.2 currently.

Here are stocks that are in news today:

Cabinet Committee on Economic Affairs (CCEA):
- Okays Rangarajan formula for gas pricing, to be valid for 5  years.
- Gas Prices to rise to USD 8.4/mmbtu from April 1, 2014.
- Gas prices to be revised quarterly April 1, 2014 onwards.

Oil minister Veerappa Moily to CNBC-TV18:
- Rangarajan recommendations have been accepted by CCEA.
- CCEA has decided on quarterly revision of gas prices.
- FM and I will explain CCEA decisions on gas price on Friday.

Other stocks and sectors that are in news today:

· DLF  may exit insurance JV ET.

· Home Ministry rules our first right of refusal to Tata’s for Taj Mansingh ET.

· HCC board approves allotment of 3.92 crore convertible warrants to promoter companies at Rs 16.32 (CMP = 10.3, premium of 58 percent).

· DB Corp  to sell 51 percent stake in Divya Prabhat Publications as part of company restructuring

· Gujarat Fluorochemicals plans to list wind subsidiary, Inox Wind, by FY14

Stock Market Tips assure for great benefits to the small investors or individual investors without having any worry about others. These Stock Tips gives you the flexibility, market punctuality, responsibility & liberty. To get the achievement of superior returns with Stock Tips, a small investors always remain in benefit i.e. these investors enables to allocate their capital towards the best stocks.

For More Info About Stock Market, Trading Strategy, Stock Market Planning Visit Our site at  www.capitalheight.com  or please call our 24/7 Customer Care Support us at  0731 - 4295950  

Today’s Stock Market Update & Outlook By Money CapitalHeight

The market could bounce on short covering, but investors would be better off not buying into the rally, feels Ajay Srivastava of Dimensions Consulting. If at all investors want to buy equities in this market, they should focus on companies with dollar-denominated earnings, says Srivastava. He is bullish on Divis Labs  , Oracle Financial Services and Tech Mahindra. In an interview to CNBC-TV18, he says it would be at least a couple of years before the macro-economic environment normalises. He says the RBI may even be compelled to raise rates in its efforts to protect the rupee. At the same time, given the chaos in global markets, there is little the Indian government can do on its own.

Other stocks and sectors that are in news today:

·   Idea Cellular reduces data tariff by 90 percent in 8 circles.

·   Adani group to launch USD 2 billion dollar bonds BS.

·   Mahindra Forgings  open offer at Rs 81/share; opens on August 5, closes August 20. 

·   Mahindra Composites open offer at Rs 74.5; opens on August 5, closes August 20.

·   IMD says monsoon rains 89 percent above average in June 19 week.

·   RAS Resort board to meet to announce bonus issue in ratio of 1:5 (CMP at Rs 48, up 5 percent   yesterday).

·   NSE to suspend trading in KS Oils  shares from June 21 on listing norm non-compliance.

Stock Market Outlook:

NIFTY TREND: BEARISH

NIFTY SPOT LEVELS

SUPP 1: 5580 ; SUPP 2: 5485

RES 1: 5695 ; RES 2: 5765

BANK NIFTY TREND: BEARISH

BANK NIFTY FUTURE LEVELS

SUPP 1: 11060 ; SUPP 2: 10900

RES 1: 11450 ; RES 2: 11710

Stock Market Tips assure for great benefits to the small investors or individual investors without having any worry about others. These Stock Tips gives you the flexibility, market punctuality, responsibility & liberty. To get the achievement of superior returns with Stock Tips, a small investors always remain in benefit i.e. these investors enables to allocate their capital towards the best stocks.

For More Info About Stock Market, Trading Strategy, Stock Market Planning Visit Our site at  www.capitalheight.com  or please call our 24/7 Customer Care Support us at  0731 - 4295950 

Today Stock Market Recommendation & News By Money CapitalHeight

Stock Tips are these tips which assists us to sink money into share trading system either its Indian Stocks or globe stocks tips. Stock Tips are majorly related to, or are regarding news update on national Stock exchange, live Nifty statistics, stock charts, gainers and losers, etc. The Share tips help the investors and traders to make informed decisions by making careful observations on NSE market movements.

Here are stocks that are in news today:

Coal Ministry
-Issues show cause notice to Jindal Steel & Power (JSPL) for 1.5 billion tonne Ramchandi coal block
-Issues show cause notice to Monnet Ispat , Tata Power and Jindal Photo for Mandakini coal block     

Political Theater
-Congress keen to woo Nitish Kumar, PM calls him secular leader
-Sushil Modi says split with BJP won't help JD(U)

Moody's
-Affirms IDBI Bank 's deposit ratings at Baa3/P-3
-Lowers Central Bank 's baseline credit assessment to b1
-Affirms Central Bank's forex bank deposit rating to    Baa3/Prime-3

Recommendation By Money CapitalHeight :

       CapitalHeight’s stock recommendation for 18/06/2013 is Union Bank of India. It has been trading in downside from last few days and took support around 204 levels. In today’s trading session, it closed with gain of 2.17%. On the daily chart, momentum indicator stochastic has also given positive crossover. All the indicators are suggesting that we can see some upside movement in the stock. Its short term strong support level is around 204. One can go for long position in Union Bank of India above 218. The stock may test level of 238 in near term.

Our recommendation on Union Bank of India is BUY above 218 for the Target of 222/228.

Stock Market Tips assure for great benefits to the small investors or individual investors without having any worry about others. These Stock Tips gives you the flexibility, market punctuality, responsibility & liberty. To get the achievement of superior returns with Stock Tips, a small investors always remain in benefit i.e. these investors enables to allocate their capital towards the best stocks.

For More Info About Stock Market, Trading Strategy, Stock Market Planning Visit Our site at  www.capitalheight.com  or please call our 24/7 Customer Care Support us at  0731 - 4295950

Today Indian stock market News & Results By Money CapitalHeight

Stock Tips are these tips which assists us to sink money into share trading system either its Indian Stocks or globe stocks tips. Stock Tips are majorly related to, or are regarding news update on national Stock exchange, live Nifty statistics, stock charts, gainers and losers, etc. The Share tips help the investors and traders to make informed decisions by making careful observations on NSE market movements.

           The World Bank cut its outlook for global growth, saying the economy should expand more slowly this year than last as it cited a deeper-than-expected recession in Europe and a recent slowdown in some emerging markets.In its twice-yearly Global Economic Prospects report, the bank warned that large developing economies, which have driven global growth in recent years, will not experience the same boom as they did before the global financial crisis and will have to focus on structural reforms to keep expanding.

         Asian markets crashed on Thursday as the prospect of less stimulus from central banks depressed sentiment, while the US dollar fell further against the yen amid uncertainty over the Federal Reserve's policy outlook.

Here are stocks that are in news today:

Apollo Tyres (Stock was up 3 percent at close)
-To acquire Cooper Tire in all-cash deal for Rs 14,500 crore (USD 2.5 billion)
-Acquisition of Cooper Tire largest deal in industry in India 
-Cooper deal third major acquisition by company in last 7 years 
-Cooper acquisition to make company 7th largest tyre maker in world
-Apollo & Cooper had combined sales worth USD 6.6 billion 

MMTC offer for sale (OFS) today (CMP Rs 210) 
-Floor price set at Rs 60/share
-Alert: MMTC floor price set at 71.4 percent discount to current market price of Rs 210/Share 
-Alert: Govt to divest 9.33 percent stake via OFS today 

Other stocks and sectors that are in news today: 

·   Finance ministry sources say may announce measures for rupee today.

·   Political theater JD (U) to end alliance with BJP in next few days, Advani tries to allay fears.

·   United Spirits (USL) plans Rs 3000 crore capex BS.

·   Oil India to buy Assam Petro for Rs 230 crore BS. 

Money CapitalHeight is an ISO 9001-2011 Registered Company. We are a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Stock Tips & Commodity Tips.

          For 2 Days Free Stock Tips, Live stock calls, stock market recommendation, stock technical view, stock market strategy, stock market planning  please visit our site at www.capitalheight.com  or please call our 24/7 Customer Care Support us at  +91 9993066624,  0731 – 4295950.

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