Microsoft word - fort report 30th july

Key benchmark indices ended with modest losses after swinging wildly either ways during the course of the day's trading session. The Sensex ended lower on the back of fall in shares of metal, realty, power, capital goods, telecom and banking companies, after seeing a recovery of around 285 points from day's low. Markets fell as Investors booked profits in China which fell 7.5% as they worried that banks may restrict lending to control risks that threaten on asset bubble. Chinese government also cut gasoline prices. The market may remain volatile ahead of expiry of July 2009 futures and options (F&O) contract on Thursday, 30 July 2009. As per reports, rollovers of Nifty positions from July 2009 series to August 2009 series stood at 42%, as on Tuesday, 28 July 2009. Rollover in Mini Nifty was about 35%.The Q1 June 2009 results announced so far have encouraging, with lower costs helping bottomline growth. The combined net profit of 1074 companies rose 22.8% to Rs 51151 crore on 0.4% fall in sales to Rs 431288 crore in Q1 June 2009 over Q1 June 2008. The US markets ended flat yesterday in a range-bound trade despite a late attempt to revert losses after the Fed's beige book showed signs of improvement in regional economies. Crude dropped nearly 6% after data showed a surge in US crude inventories on higher imports and lower refinery activity. Copper declined the metal advanced to the highest level in almost 10 months was excessive amid a seasonal slowdown in China. www.fortshare.net 8B Loudon Street Kolkata-17 Smita Mohta - 22894497 The US markets have closed flat on waning consumer confidence and increasing unemployment. European markets too have closed flat on U.S. cues. Asian markets are all trading mixed. We too will open up TATAPOWER 1227.65 1328.00 1182.60 1310.00 and trade volatile ahead of expiry today. Stay long in the markets with 4450 Spot as s/l. On last check SGX Nifty was down 5 pts and Dow up 18 pts. For todays trade watch out for GTOFFSHORE, MCX stock exchange partners with FTSE group Urban students are digital natives reveals TCS Generation Web 2.0 survey Hindustan Dorr Oliver's board approves to foray into business of nuclear power plants Ping An chooses Solix Technologies for enterprises data management Aurobindo Pharma receives tentative approval from USFDA Vishal Information Technologies to acquire a company in Nordic Region Premier Explosives sets up plant at Neyveli Wockhardt signs agreements to divest its nutrition businesses to Abbott Carol Info Services signs agreement with Abbott Ranbaxy gains approval to market Ran-Ropinirole tablets in Canada Sungold Capital's board approves acquistion of 51% equity stake SRF commissions the project for fluoro specialties facility www.fortshare.net 8B Loudon Street Kolkata-17 Smita Mohta - 22894497 RECENT RECOMMENDATIONS
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