Indian stock markets: mutual funds, Sensex, Nifty

Friday, 25 July

3:59 PM - The day was disappointing, but the week made significant gains! Thanks to crude oil prices cooling off a bit and the UPA government winning the vote of confidence, the market surged on hopes of reforms as well as the nuclear deal coming through. The Sensex gained 4.7% and the Nifty, about 5.5% over the week. CNX Midcap index too added a good 8% and the BSE Smallcap index, 5%. Sector-wise too, there were gains; BSE Bankex was up 9.1%, BSE Metal index, up 7%, BSE Realty index, up 7.7%, BSE Oil & Gas index, up 2.3% and BSE Capital Goods index, up 5.3%. Next week, the market will be keeping a watch on the Credit Policy announcement and the F&O expiry. » Send to friends

3:53 PM - It was a gloomy day for the market, as weak global cues and it being the last day of the week encouraged profit booking. The market traded in the negative terrain all day and ended close to the day's lows. Sensex closed at 14274, down 502 points from the previous close. Nifty shut shop at 4311, down 121 points. CNX Midcap and BSE Smallcap indices lost 0.3% each. Defensives like FMCG and healthcare gained, while banking, realty (ahead of the Credit Policy announcement next week), oil & gas and capital goods stocks saw heavy selling pressure. Biggest losers on the Sensex include ICICI Bank, HDFC, HDFC Bank, JP Associates, ONGC, while gainers were Ranbaxy, ACC, HUL and Grasim, among others. » Send to friends

3:43 PM - Chennai Petro can be an excellent buy at its support levels of Rs 270-275, says E Mathew, technical analyst, on CNBC-TV18. The stock is at Rs 298.40, up 0.9% on the BSE. » Send to friends

3:32 PM - The market had a bad day and ended close to the lows of the day. Sensex ended at 14,283, down 493 points (provisional) from the previous close. Nifty shut shop at 4320, down 112 points (provisional). » Send to friends

3:29 PM - Buy Indian Bank for the short term, for the target of Rs 130, says Ashwani Gujral, technical analyst, as market closing strategy, on CNBC-TV18. » Send to friends

3:24 PM - Bongaigoan Refinery has a medium term target of Rs 88-90, says E Mathew, technical analyst, on CNBC-TV18. It has support at Rs 54-55, he adds. The stock is currently trading at Rs 60.50, up 7% on the BSE. » Send to friends

3:17 PM - MRPL has an immediate target of Rs 76, says E Mathew, technical analyst, on CNBC-TV18. Above this, the stock has the potential to scale up further to Rs 82-85, where it will face stiff resistance, he adds. It is currently trading at Rs 67, up over 15% on the BSE. » Send to friends

3:03 PM - Shree Renuka Sugar's charts are showing strength and if it can sustain above Rs 122-123, then it can go up to Rs 138-140 in 1-2 weeks, says Jatinder Sharma, equity strategist, on CNBC Awaaz. The stock is currently trading at Rs 124.20, up 6.8% on the BSE. » Send to friends

2:56 PM - Incremental flows at the FII desk are mixed, with the buy-sell ratio at 1:1, say dealers, reports CNBC-TV18. Selling pressure is seen in the market on the back of weak global cues. Dealers see an immediate support for the Nifty at 4250-4300. » Send to friends

2:50 PM - Chennai Petro will face resistance at Rs 320-325, says Jatinder Sharma, equity strategist, on CNBC Awaaz. One accumulate the stock at Rs 290, he adds. It is currently trading at Rs 302.80, up 2.4% on the BSE. » Send to friends

2:43 PM - Bongaigaon Refinery will face short term resistance at Rs 63-64, says Jatinder Sharma, equity strategist, on CNBC Awaaz. But once this is crossed, then it can go up to Rs 69-75, he adds. The stock is currently trading at Rs 61.20, up 8.2% on the BSE. » Send to friends

2:36 PM - If one has a medium term perspective, then in midcaps, Usha Martin can give 50% upside from current levels, says Rajat Bose, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 85.95, up 7.6% on the BSE. » Send to friends

2:27 PM - MRPL will face resistance at Rs 65-66, but once this is crossed, it can go up to Rs 72-75, says Rajat Bose, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 67.60, up 17% on the BSE. » Send to friends

2:20 PM - RNRL may touch Rs 115-116 if the market remains favourbale, says market analyst Ashok Agarwal, on Zee Business. One can exit there and for now hold with a stoploss of Rs 92, he suggests. It is currently trading at Rs 96.45, down 2.4% on the BSE. » Send to friends

2:13 PM - Motilal Oswal has kept buy rating on Sesa Goa; with a target of Rs 4789, reports CNBC-TV18. The stock is currently trading at Rs 3,135, down 1.9% on the BSE. » Send to friends

2:04 PM - Macquarie has maintained outperformer rating on Gujarat NRE Coke; with a target of Rs 251, reports CNBC-TV18. The stock is currently trading at Rs 117.35, down 0.5% on the BSE. » Send to friends

1:56 PM - Punj Lloyd is available at attractive valuations and can give 25-30% jump in a year or so, says market analyst Ashok Agarwal, on Zee Business. The stock is currently trading at Rs 259.95, down 2.3% on the BSE. » Send to friends

1:46 PM - If one has 1-1.5 years perspective, then stay invested in Lanco Infra, says market analyst Ashok Agarwal, on Zee Business. Otherwise exit the stock, he suggests. It is currently trading at Rs 373.55, down 1.3% on the BSE. » Send to friends

1:38 PM - Hindustan Oil Exploration will face resistance at Rs 138 and only after it moves above this, can one expect a sizeable gain, says market analyst Ashok Agarwal, on Zee Business. For now, one can hold it with a stoploss of Rs 118, he suggests. The stock is currently trading at Rs 133, up 2.5% on the BSE. » Send to friends

1:31 PM - Kotak Securities has initiated 'reduce' rating on Reliance Power, with a target of Rs 180, reports CNBC-TV18. The stock is currently trading at Rs 170.40, down over 3% on the BSE. » Send to friends

1:20 PM - CLSA has kept buy rating on Zee Entertainment, with a target of Rs 300, reports CNBC-TV18. The stock is currently trading at Rs 213.70, down 2.9% on the BSE. » Send to friends

1:13 PM - One can continue to hold Everest Kanto for 20% returns in a year, says maret analyst Ashok Agarwal, on Zee Business. The stock is currently trading at Rs 272 on the BSE. » Send to friends

12:59 PM - India Infoline maintains 'buy' rating on Bharti Airtel, with a target price of Rs 1,024, reports CNBC-TV18. The stock is currently trading at Rs 804.25, up 0.8% on the BSE. » Send to friends

12:49 PM - Sensex has support at 14608-14463 and resistance at 14881-15130 levels, says HEM Securities, reports CNBC-TV18. » Send to friends

12:40 PM - India Infoline has a 'buy' rating on GIPCL, witha target of Rs 150, reports CNBC-TV18. The stock is currently trading at Rs 79.80, down 1.5% on the BSE. » Send to friends

12:31 PM - The fall is slowly getting bigger. Sensex is at 14,298, down 478 points from the previous close. Nifty is at 4325, down 108 points. Healthcare stocks are seeing some buying, while banking, oil & gas, realty stocks are witnessing selling pressure. Market breadth is weak, with 391 advances against 792 declines on the NSE. » Send to friends

12:24 PM - In the next fall, capital goods stocks may not fall as much, says R Venkat Subramanian of Kotak Securities, on CNBC-TV18. In fact, they will perhaps outperform the market, as they have established in the Q1 that their earnings visibility remains intact, he explains. So look to buy them in the next fall, he suggests. » Send to friends

12:16 PM - Cairn India can be a good trading bet around Rs 220 levels because that could possibly be a hedge against the oil price going up, says R Venkat Subramanian of Kotak Securities, on CNBC-TV18. But I would completely stay away from public sector oil companies, he adds. Cairn is currently trading at Rs 227, up 1.2% on the BSE. » Send to friends

12:09 PM - The market is still cautious and there is a lot of cash on the sidelines, says KC Reddy, CIO, ABN AMRO AMC, on CNBC-TV18. The market has already tested its bottom last month, however, a full-scale bull market is unlikely, he adds. » Send to friends

12:00 PM - Reliance Power seems to have made a base at Rs 125 and it is unlikely to break this, says Prakash Gaba, technical analyst, on CNBC Awaaz. But on the upside, it will face strong resistance at Rs 190-200, he adds. The stock is currrently trading at Rs 170.55, down 3.1% on the BSE. » Send to friends

11:52 AM - Karvy Stock Broking recommends 'buy' on State Bank of India, with a target price of Rs 1,950, reports CNBC-TV18. The stock is currently trading at Rs 1,440.50, down 2.6% on the BSE. » Send to friends

11:44 AM - One can buy Reliance Industries at Rs 2,000-2,025 as a long term investment, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. The growth that the comapny is expected to see int he next 2-3 years should give hefty returns to an investor, he adds. The stock is currently trading at Rs 2,183.20, down 5.4% on the BSE. » Send to friends

11:37 AM - BEL has made a good base at Rs 1,000, which should not break, says Prakash Gaba, technical analyst, on CNBC Awaaz. Ont he upside, it has a target price of Rs 1,400 or so, he adds. The stock is currently trading at Rs 1,144.40, down 1.6% on the BSE. » Send to friends

11:30 AM - SCI has a base at Rs 200 and target of 260-265, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 235.50, up 2.6% on the BSE. » Send to friends

11:22 AM - STC may not fall below Rs 250-255, where it seems to have made a bottom, says Prakash Gaba, technical analyst, on CNBC Awaaz. The upopside is limited too, it can go up to Rs 450 maximum, he adds. The stock si currently trading at Rs 343.90, up 3.5% on the BSE. » Send to friends

11:13 AM - Karvy Stock Broking has upgraded its rating on Tech Mahindra to 'buy' from 'outperformer', with a target price of Rs 950, reports CNBC-TV18. The stock is currently trading at Rs 723.50, up 2.4% on the BSE. » Send to friends

11:03 AM - The market fell lower, but the downside seems to be capped for now. Sensex is at 14,343, down 433 points from the previous close. Nifty is at 4339, down 94 points. CNX Midcap index os down 0.5% and BSE Smallcap index, down 0.4%. » Send to friends

10:56 AM - Today would not be a good day to buy, says Sudarshan Sukhani, technical anlayst, on CNBC-TV18. If the Nifty holds above 4,300, the long term trend is on, he adds. But a much wiser option would be to get out at this point in time, he suggests. » Send to friends

10:50 AM - On the upside, the Sensex is perhaps capped at around 15,000 range, whereas ont he downside it can go towards 12,500 that we saw earlier, says R Venkat Subramanian of Kotak Securities, on CNBC-TV18. » Send to friends

10:42 AM - GMR Infrastructure belongs to a sector that is seeing bad days now and is not expected to recover very soon, says PK Agarwal of Bonanza Portfolio, on Zee Business. It can maximum go up to Rs 115-120, where one can book profits, he adds. The stock is currently trading at Rs 90.85, down 1.8% on the BSE. » Send to friends

10:35 AM - The market is expecting 25 bps hike in repo rate in the Credit Policy next week, says Sudip Bandyopadhyay, Director & CEO of Reliance Money, on CNBC-TV18. Status quo on repo rate would be a big trigger for the market, he adds. » Send to friends

10:27 AM - Don't buy Tata Steel now, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Instead, one can short sell it, as it can break down more from here, he suggests. The stock is currently trading at Rs 631.25 on the BSE. » Send to friends

10:20 AM - Cairn India is a good buy at Rs 215-220, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 227.70, up 1.5% on the BSE. » Send to friends

10:13 AM - This is not the time to buy ONGC, but book profits in the counter, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. But whenever the stock dips, buy it, don't short sell it, he suggests. It is currently trading at Rs 1,009, down 1.8% on the BSE. » Send to friends

10:05 AM - RNRL will face resistance at Rs 100, where short term tarders can book their profits, says Sudarshan Sukhani, technical anlayst, on CNBC-TV18. The stock is currently trading at Rs 94.40, down 4.5% on the BSE. » Send to friends

9:57 AM - The market has opened lower on Friday. Sensex is at 14,330, down 446 points from the previous close. Nifty is at 4316, down 117 points. » Send to friends

9:51 AM - Nagarjuna Fertilisers will face strong resistance at Rs 40, so short term tarders can book their profits here, says Sudarshan Sukhani, technical anlayst, on CNBC-TV18. The stock is at Rs 38.75 on the BSE. » Send to friends

9:46 AM - If the Nifty moves and closes above 4550, then one can assume that the bear market is to be over, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. » Send to friends

9:40 AM - One can look at buying capital goods stocks like BHEL and L&T for investment purposes today, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. » Send to friends

9:33 AM - Inflation for the week ended July 12 came at 11.89 % versus 11.91%, the previous week. » Send to friends