Monday, November 10, 2008

>Weekly Technical Report (Religare)

The Nifty closed 3% higher in a volatile week of trading. It began on
a strong note but soon gave away all its gains in the next two days.
On the last day the Bulls held on closing at the days high. Realty
stocks were the flavour of the market (up 18%). Among the Sectoral
Indices, Banking, CGS and FMCG closed 8% higher while Reliance,
IT-Teck pack remained subdued. After last week of curtailed
trading, volumes picked up with selective action seen in the Midcap
stocks.

Read full report here Weekly Technical Report (Religare)

>Morning report (Reliance Money)

Bharat Heavy Electricals Ltd will pick up 10% equity in
power projects abroad that would buy its equipment -
Mint
• Ranbaxy Laboratories has completed the deal with the
Japanese pharma company Daiichi Sankyo. Daiichi
has now acquired 63.92% of the equity share capital of
Ranbaxy - BS
• Elgi Equipments (EEL) has formed a joint venture with
J P Sauer and Sohn, Germany, with the manufacturing
facility being set up here - BS
• Blue Dart Express has earmarked Rs.100cr as capital
expenditure for the financial year 2009-2010, a majority
of which would be used for infrastructure up gradation –
BS
• Hindustan Syringes & Medical Devices Ltd will invest
Rs.100cr over the next three years in capacity
expansion and for launching its products in new
markets - ET

Read full report here Morning report (Reliance Money)

>Market outlook(ICICI PRUDENTIAL)

A nice ppt presentation about the Indian stock market outlook.

Read full report here Market outlook(ICICI PRUDENTIAL)