NSE India

Federal Bank: target reached

Company profile: Federal Bank Limited operates branches and regional offices throughout India. The Bank offers a wide range of financial services, including merchant banking, international banking and foreign exchange, leasing facilities, money markets and agricultural advances. The Bank also provides lending for hi-tech agricultural and government sponsored schemes. 

Andhra Bank: fair upside potential

Company profile: Andhra Bank operates a network of over 1,100 bank branches, 113 extension counters, and 220 ATMs across 19 states. More than 90% percent of all business transactions occur through computerized branches. The Group’s banks specialize in a number of areas, including credit card services, retail lending, and accident insurance-linked savings bank accounts.

Sobha Developers: correction ending?

Company profile: Sobha Developers Ltd. is a real estate development company with a focus on residential and commercial development services.

Just Dial: look for lower peak

Company profile: Just Dial operates a local search engine that provides comprehensive updated information. The Company offers a search engine that includes a variety of categories such as movies, hotels and resorts, taxis and car rentals, insurance, bars, and nightclubs. Just Dial markets its search engine to users throughout India.

HCL Technologies: expect more weakness

Company profile: HCL Technologies Limited provides software development and related engineering services. The Group’s technologies utilize a variety of technologies, including Internet and e-commerce, networking, internet telephony, embedded software, ASIC/VLSI design and testing, satellite and wireless communications, and component based object technologies, including COM, DCOM and COBRA.

eClerx Services: reversal, exit-long

Company profile: eClerx Services provides data analytics and solutions to global enterprise clients in the financial services, retail and manufacturing industries. The Company offers data analytics, operations management, data audits, metrics management and reporting services.

Bharat Petroleum: start correction

Company profile: Bharat Petroleum Corporation (BPCL) explores for and refines crude oil. The Company manufactures petroleum, petroleum products, lubricants, liquefied petroleum gas, aromatics like benzene and toluene, and other related products. Bharat has retail outlets throughout the country.  

Indices, Commodities, Forex

BBRG Cotton sub-index

Profile: Bloomberg Cotton sub-index, medium term outlook.

Shanghai Composite Index (CN)

Description: Shanghai Composite Index (SSE Composite)

AUD/INR (FX)

Profile: Australian Dollar vversus Indian Rupee, medium term outlook. 

Hang Seng Index (HK) update

Profile: The Hang Seng Index is a free-float capitalization-weighted index of selection of companies from the Stock Exchange of Hong Kong. The components of the index are divided into four sub indexes: Commerce and Industry, Finance, Utilities, and Properties. The index was developed with a base level of 100 as of July 31, 1964.

INR-crosses update

Profile: EUR/INR – USD/INR – GBP/INR, medium term outlook.

Topix Large 70 Index (JP)

Profile: 70 Most liquid stocks of the Tokyo Stock Price Index. 

Spread: CNX Energy Index

Profile:  The CNX Energy Index represents about 80.17% of the market capitalization and 54.45% of turnover of the last six months for the period Sep 30, 2010 of the Energy Sector Universe respectively. This Index includes companies belonging to Petroleum, Gas and Power sub sectors.

More Recent Posts

Trade Idea: iPath Cotton ETF (USA)

Profile: Path Bloomberg Cotton Total Return Sub-IndexSM ETN is an exchange-traded note issued in the USA. The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on the performance of the underlying index, the Bloomberg Cotton Total Return Sub-Index. Summary: Weekly – buy

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NSE Nifty Weekly Outlook

| October 27, 2014 | India

Profile: The S&P CNX Nifty, a free float market capitalization index, is the leading index for large companies on the National Stock Exchange of India. It consists of 50 companies representing 24 sectors of the economy. The base level is defined as 1000 on November 3, 1995. In January 2005, its level was almost 2000.

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DLF: free fall

| October 22, 2014 | India

Company profile: DLF Ltd. is a real estate development company. The Company develops residential, commercial, and retail properties.

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PTC India: interesting

| October 21, 2014 | India

Company profile: PTC India Ltd buys and sells electricity.

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