Free Banknifty Future Tips 03-07-12 From : www.marketcalls.net

MARKETCALLS‘  VIEW ON BANKNIFTY (INTRADAY)

We wish you To Have A Superb Profitable Trading Day Today !!!

Yesterday we saw banknifty we remained neutral during the day. Then in the end banknifty made new high and closed in higher side. Rupee continuously gaining which is creating bullish effect on financial sector. So Dont remain in short in banking sector. We see more up side on

Free Nifty Future Tips 03-07-12 From : www.marketcalls.net

MARKETCALLS‘ VIEW ON NIFTY (INTRADAY)

We wish you To Have A Superb Profitable Trading Day Today !!!

Yesterday we saw nifty was consolidating trying to sustain near 5300 level. Today we may see gap up opening and may make new high also compare to previous day. Technically we can say nifty is formed bullish pattern. So we advise to dont remain in short side. nifty intraday support at 5268 and resistance at 5324. If nifty sustain above 5324 and close above then it may touch more then 5400 to 5500 in coming

Invest in balanced portfolio for long term: Roongta Sec

Investing in a well balanced portfolio keeps an investor exposed to varied market objectives, believes Harshvardhan Roongta of Roongta Securities. In an interview with CNBC-TV18, he said it is very important to sort the funds according to requirement and then look forward to a long term goal of wealth accumulation.

Roongta is in favour of Reliance Vision , SBI Magnum Global and the Fidelity Tax Advantage fund for investors looking at a timeframe of about

Asian markets trading higher; Nikkei, Hang Seng up

At 7: 47 am (IST), Asian markets were trading higher. China’s Shanghai Composite was flat at 2,224.96.

Hong Kong’s Hang Seng rose 1.34% or 260.41 points at 19,701.87.

Japan’s Nikkei was up 0.53% or 47.83 points at 9,051.31.

Singapore’s Straits Times was up 0.21% or 6.02 points at 2,916.61.

South Korea’s Seoul Composite added 0.84% or 15.58 points at 1,867.23.

Taiwan’s Taiwan Weighted jumped 0.58% or 42.59 points at 7,387.75.

(curtsey : money control)

Rupesh Yatesh Dalal
Head Research Department

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No retail FDI in Kerala, other states free to choose: Oomen Chandy

Even as the Centre makes a renewed effort to revive the stalled decision to allow FDI in multi-brand retail, it must contend with opposition not only from allies but also a state governed by a Congress-led coalition.

In an exclusive interview, Kerala chief minister Oomen Chandy tells ET that his government’s stance on keeping God’s Own

Lenders losing patience with Kingfisher Airlines

Lenders to India’s beleagueredKingfisher Airlines are losing hope it will be able to bring in outside investment anytime soon and may sell assets held against their loans, three bankers said on Monday.

Kingfisher, which a year ago was India’s No. 2 airline by domestic

Indian IT to benefit from Barack Obama’s healthcare victory

Indian information technology and back-office companies can look forward to deals worth up to $22 billion (Rs 1.2 lakhcrore) after the US Supreme Court upheld a law designed to bring about far-reaching reforms in the American healthcare sector.

Some 30 million uninsured Americans are expected to buy healthcare insurance because of the reform, and new projects are expected in the form of data conversion, creation and management of electronic health records, as well as claims processing and insurance sales.

Last week, the US Supreme Court upheld the main elements of the Patient Protection and Affordable Care Act, President Barack Obama signature legislative achievement which he signed into law in 2010.

(curtsey: economic times)

Rupesh Yatesh Dalal
Head Research Department

Website : www.marketcalls.net
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Twitter : @marketcallsnet
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Email : info@marketcalls.net

MARKET EYE-Macquarie downgrades Indian IT services sector

Mon Jul 2, 2012 12:11pm IST

 

* Macquarie Equities Research has downgraded Indian IT services
sector to "underweight" from "overweight" citing demand concerns
as Infosys, which already has 30 percent of staff on
the bench, delays joining dates for new hires.
* Given the bearish outlook, Macquarie has cut ratings on
India's top three software exporters Tata Consultancy Services
, Infosys and Wipro to "underperform".
* The brokerage has also removed TCS from its Top-10 list,
replacing it with ICICI Bank.
* Infosys is delaying taking on board some of its planned 28,000
new recruits until mid-2013, underlining the slowdown faced by
India's No. 2 software services company, Indian media had
reported last month. 
* Macquarie goes "overweight" on industrials from "neutral,"
reflecting its growing optimism about a pickup in infrastructure
spending, cut in interest rates and possible appreciation of
rupee.
* Among other changes, the brokerage has added Bharat Heavy
Electricals, Hindustan Petroleum Corp, Asian
Paints and Wockhardt to its model portfolio
while removing Housing Development Finance Corp and
MindTree.

(curtsey : reuter)

Rupesh Yatesh Dalal
Head Research Department

Website : www.marketcalls.net
Facebook : www.facebook.com/marketcalls.net
Twitter : @marketcallsnet
Yahoo Messenger : rupeshydalal@yahoo.com
Email : info@marketcalls.net

Indian rupee gains for 3rd day; foreign banks sell dlrs

Traders say dlr inflows coming in post GAAR clarity

* FII’s bringing in funds for G-sec limits sale: traders

* Rupee seen in 54.50 to 56 band this week: dealers

By Swati Bhat

MUMBAI, July 2 (Reuters) – The Indian rupee strengthened for the third straight session on Monday on the back

India’s exports fall 4.16% in May on global slowdown

India’s exports fell 4.16 percent year-on-year to $25.68 billion in May, while imports fell 7.36 percent year-on-year to $41.9 billion, government data showed on Monday.

May’s trade deficit was $16.3 billion, while oil imports rose 14.02 percent