Best Stocks to Buy and Sell for Tomorrow

Top Stocks to Buy Tomorrow

1. HDFC
2. DLF
3. Crompton Greave
4. ONGC
5. Reliance Industries

 Top Stocks to Sell Tomorrow

1. HCC
2. LIC Housing Finance
3. Tata Steel
4. Infosys
5. Mannapuram Finance

Happy Trading! :)

GOLD, 1000 Rs. Down

Gold prices in futures trade manged to regain 25,000-level by recouping most part of their early losses in post evening session of trade Friday as market players covered their short positions in tandem with a firming global trend.

At the Multi Commodity Exchange (MCX), gold for delivery in August traded down by Rs 7 at Rs 25,368 per ten grams after moving in range of Rs 24,830-25,470.

However, silver for delivery in July moved higher by Rs 196 to Rs 38,992 per kg.

According to Shiv Shrivastava, MD & CEO, IGuru Research, next target for the yellow metal will be Rs 24,600.

He, however, mentioned that in the medium term domestic prices may see more downside as compared to overseas market as sustained weakness in rupee will prompt RBI to take necessary steps, which may lastly give some boost to Indian currency against US dollar.

Gold price in overseas markets, which normally set price trend on the domestic front, fell below USD 1,200 today to its lowest since August 2010 before recovering, and is on track to post its worst quarter since at least 1968 on persistent worries over the US Federal Reserve's plan to wind down its monetary stimulus.

The yellow metal has taken a beating since the beginning of last week - losing as much as 15 percent, or about USD 200 an ounce - after Fed Chairman Ben Bernanke laid out a strategy to roll back the bank's USD 85 billion monthly bond purchases in the face of a recovering economy.

Spot gold fell to a near three-year trough of USD 1,180.71 before gaining USD 15.70 or 1.31 percent to USD 1,217.50.

In New York, gold for August delivery dropped 18.20 or 0.86 percent to settle at USD 1,211.60 an ounce on the Comex division of the NYMEX yesterday.

In Delhi spot market, gold prices tumbled to a 23-month low by losing Rs 1,150 to Rs 25,650 per 10 grams on heavy selling by stockists and investors, triggered by a steep fall in overseas markets.

All round selling by stockists on free-fall in overseas markets and investors shifting their funds to surging equities mainly pulled down the gold prices to a level last seen on August 9, 2011.

Silver also dropped by Rs 1,490 to trade below Rs 40,000 at Rs 39,010 per kg on poor offtake by jewellers and coins makers.

Nifty Ends Nearly 160 Point up as CCEA Approves Gas Price Hike

The Nifty began the first day of July series with a bang and closed nearly 150 points up as sentiment turned bullish following government's approval for gas price hike. Positive cues from global markets also provided support to the benchmarks.

Morgan Stanley called the governments' move as "path breaking" reform for the oil & gas sector after partial deregulation of diesel. It is of the view that ONGC's EPS could jump by 25 per cent in FY15 while for Reliance Industries, the move may result in a gain of 4 per cent in EPS in FY15.

The 50-share index ended at 5,842.2, up 159.85 points or 2.81%. It touched a high of 5,852.95 and a low of 5,749.50 in trade today.

The S&P BSE Sensex closed at 19,395.81, up 519.86 points or 2.75%. It touched a high of 19,432.94 and a low of 19,093.18 in trade today.

The S&P BSE Midcap Index was up 2.42 per cent and the S&P BSE Smallcap Index was 1.45 per cent higher.

The S&P BSE Metal Index surged 4.64 per cent, the S&P BSE Power Index was 4.57 per cent higher, the S&P BSE Capital Goods Index advanced 4.23 per cent and the S&P BSE Auto Index gained 3.18 per cent.

Jindal Steel (7.40 per cent), BHELBSE 6.90 % (7.33 per cent), Reliance Infrastructure (6.53
per cent), BPCLBSE 5.74 % (6.32 per cent), Tata Power
BSE 5.71 % (6.20 per cent) and
Reliance IndustriesBSE 3.78 % (3.67 per cent) were among the top Nifty gainers.

According to CLSA report, Reliance Industries will be one the 'neatest beneficiary' as the price hike is likely to give a huge boost to investor sentiment related to its E&P business prospects.

HCL Tech (2.81 per cent), Ranbaxy LaboratoriesBSE -2.41 % (2.39 per cent) and Hindustan
UnileverBSE -0.67 % (0.54 per cent) were the only index losers.

The market breadth was positive on the NSE with 693 gainers against 190 losers.

The foreign institutional investors sold shares worth Rs 1,043.27 crore and domestic institutional investors bought equities worth Rs 358.38 crore on Thursday as per the provisional data from the National Stock Exchange.

Indian Rupee is Now More Than Retirement Age

India's rupee touched a new record low of more than 60 to the dollar, deepening the abrupt slide in the currency as overseas funds continue to pull out of emerging markets.
Despite government efforts to slow the fall and interventions from the central bank in recent weeks, the rupee slid past its previous low of 59.98 against the dollar, struck last week.
In evening trade, the Indian currency hit a new record low of 60.76, before finally ending Indian trading at 60.72, down 1.88 percent intraday from an opening level of 59.60.
"What we saw on the screens was really bad. No level was holding," said Naveen Mathur from Mumbai's Angel Broking.
Dealers said the Reserve Bank of India (RBI) may have intervened several times in recent days, particularly on Wednesday as the rupee inched closer to the 60 mark.
Asian currencies, including the Indian rupee, have been falling against the strengthening dollar as the US Federal Reserve looks set to scale back its stimulus plans as the US economy recovers.
The stimulus, which has seen the US central bank buy billions of dollars of assets to increase the money supply, had fuelled investment flows into emerging markets.
"Foreign investors have taken a view to get out of emerging markets," said Sonam Udasi, head of research with IDBI Capital.
The rupee has also been hard hit by concerns about India's economy — Asia's third largest — which is growing at a decade-low rate of 5.0 percent amid worsening public finances.
The Indian currency, which after today's slide has fallen 10.8 percent in 2013, is the worst performing currency amongst major Asian countries.
Its tumble raises import prices of everything from oil and fertilisers to food staples such as pulses, stoking already high consumer inflation and causing hardship for India's poor millions.
Weak local share markets have put additional pressure on the rupee as overseas funds sell Indian stocks.
Foreign investors have become net sellers of Indian equities, selling $1.39 billion on balance in June after buying stock worth $4 billion in May, regulatory data shows.
They have also pulled out $4.8 billion from India's debt markets in June, partly to take advantage of US yields.
India's government has insisted it is "not short of action" to protect the rupee, but it has been unable to prevent the slide.
"This is a worrying sign. If not controlled, it (the rupee's fall) will have a deeper impact on the economy," said Mathur.
Analysts say the RBI cannot intervene heavily to buttress the currency as it must retain enough foreign reserves for imports.
It currently only has sufficient reserves for seven months of imports — the lowest cover in 13 years.
The RBI has a policy of not commenting on movements in the foreign exchange market and of intervening only to curb volatility.
Indian shares closed down 0.41 percent or 77.03 points at 18,552.12 after the 60 mark was breached.
The weakening of the rupee will also impact India's current account deficit — the broadest trade measure — which ballooned to just under five percent of gross domestic product in the last financial year.
Economists say the scope for further interest rates cuts to spur India's growth will be difficult if the rupee weakens further.

Gold - 3 Years Low



Gold fell to its lowest in nearly three years on Wednesday, pressured by strong US economic data that boosted stock markets and supported the US Federal Reserve's plan to scale back its monetary easing measures in the next few months. 

Bullion, now down for a seventh session out of eight, has been sliding since Fed chairman Ben Bernanke laid out a strategy last Wednesday to wind down the bank's $85 billion monthly bond purchases on the back of a recovering economy. 

Prices of gold, typically seen as hedge against inflation, have been supported in recent years by central bank steps to support their economies. 

Spot gold fell 2 per cent to $1,251.50 an ounce by 0413 GMT. Gold for immediate delivery fell to $1,243.94 earlier — its lowest since September 2010. 

The metal has now lost 10 per cent, or about $140 an ounce, since the beginning of last week. 

"We've pushed past the $1,270 level seen last week. That's a key technical level so we are going through a whole bunch of stop losses," said Victor Thianpiriya, commodities analyst at Australia and New Zealand Banking Group. 

Comex gold and spot silver both fell to their lowest since August 2010. 

Strong economic data has prompted the Fed's decision to consider a wind-down of bond purchases from later this year and end purchases by mid-2014, raising fears that central banks around the world would pull support. 

Data on Tuesday showed US consumer confidence jumped in June to its highest level in more than five years, while sales of new US single-family homes rose to their highest level in nearly five years in May. 

Physical demand subdued 

When gold fell the most in thirty years in mid-April after 12 annual gains, strong physical demand in Asia helped cap losses. 

However, this time around demand has not risen strongly enough to support prices as buyers are waiting on the sidelines for the markets to stabilize. 

"In April we had a lot of demand, it made it hard to get hold of bullion," said Gregor Gregersen of Silver Bullion Pte Ltd, a gold and silver dealer in Singapore. "This time, we saw an increase in demand but not the way we saw in April." 

Liquidity issues in China have renewed fears of a slowdown in the No. 2 gold consumer. 

The People's Bank of China has raised concerns of a lasting credit crunch as it tries to curtail a vast informal loan market and shore up growth, although it has sought to allay fears that its tough stance will lead to a banking crisis. 

Shanghai gold futures fell nearly 3 per cent on Wednesday. 

Demand in India, the top gold consumer, has fallen as the government imposes new rules to discourage gold buying in an effort to reduce a record current account deficit. 

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 16.23 tonnes to 969.50 tonnes on Tuesday, to their lowest since February 2009.

Hot Stocks to Buy Today

  1. Reliance
  2. Jindal Steel
  3. ITC
  4. Tata Steel
  5. ICICI Bank
  6. Maruti Suzuki
  7. Tata Power

Indian Stocks Decline as Rupee Slumps, Funds Extend Selloff

Indian (SENSEX) stocks extended yesterday’s plunge after the rupee tumbled to near a record low and as overseas funds capped the longest selloff in 18 months.
The S&P BSE Sensex fell 0.3 percent to 18,664.4 at 9:38 a.m. in Mumbai after losing 2.7 percent yesterday, its biggest drop since Sept. 22, 2011. declines among banks. Jindal Steel & Power Ltd. (JSP) sank 5 percent, the worst performer on the Sensex. Cigarette maker ITC Ltd. (ITC), which has the highest weighting on the gauge, headed to a two-month low.
5:29
India’s rupee fell 0.3 percent after tumbling to a record yesterday, prompting the central bank to intervene to support the currency, after the U.S. signaled it may begin phasing out its $85 billion-a-month stimulus. Foreigners sold local stocks for a seventh day on June 19, the longest series of outflows since December 2011, data compiled by Bloomberg show.
The Federal Reserve said June 19 that it could taper its monthly bond-buying program later this year and halt the purchases in mid-2014 as long as the U.S. economy performs in line with the central bank’s projections.
The Sensex has plunged 7 percent since Fed Chairman Ben S. Bernanke first signaled stimulus efforts may be pared, sending valuations to 12.8 times projected 12-month profits yesterday, the lowest level since April.
Overseas funds have pulled $402 million from local stocks and $3.4 billion from rupee debt this month, exchange data show. A net foreign outflow of $78 million from shares on June 19 pared this year’s purchases to $14.7 billion, still a record for the period, data compiled by Bloomberg show.

NSE Gainers and Losers

Top Gainers:

Tarmat Ltd.


Jindal Photo Ltd.


Koutons Retail India Ltd.

Jindal Poly Films Ltd.

Aftek Ltd.


Top Losers:

IOL Chemicals and Pharmaceuticals Ltd.

Super Spinning Mills Ltd.

ICSA-India Ltd.

Emkay Global Financial Services Ltd.

Landmark Property Development Company Ltd.



Consumer Durables and Banking Stocks - Major Loser

71 Points down Sensex, lead towards the losses in Banking Stocks and Consumer Durables.

Top 5 Gainers:
  1. Bajaj Auto
  2. Bharti Airtel
  3. Hero MotoCorp
  4. Infosys
  5. Tata Steel

 Top 5 Losers:
  1. Tata Motors
  2. HDFC
  3. GAIL
  4. ICICI Bank
  5. HDFC Bank

Don't Buy GOLD!


Finance Mimister P Chidambaran, asking everyone
not to buy Gold anymore.
If you do so, you will be in loss.


Hot Stocks to Buy Today!

1. SBI                                        
2. Jindal Steel
3. Lasren
4. HUL
5. Bharti Airtel