Strong & Weak stocks
This is list of 10 strong stocks:
Idea, Polaris, Hind Petro, Bharat Forg, MRPL, Bharti Airtel, BPCL, Orchid Chem, Aban Off shore & GTL. And this is list of 10 Weak stocks
RNRL, TV-18, Uniphos, ACC, Sterling Biotech, Ambuja Cement, KS Oils, Patni, GT Offshore & Glaxo.
The daily trend of nifty is in Uptrend
 Corporate News Headline | |
| • | Petron Engineering Construction bagged a project worth Rs. 2.11 bn from the Chennai-based Nagarjuna Oil Corporation for infra-related works. (BS) |
| • | NTPC scrapped its plans to set up a 4,000-MW power plant in Uttar Pradesh over differences with the state government, and instead moved the coal-fired project to Barethi in Madhya Pradesh. (BS) |
| • | Nalco has identified mineral assets in Chile, Namibia and Indonesia, and is in the process of floating separate ventures in the foreign countries to buy out the reserves. (BS) |
| | |
| Economic and Political Headline | |
| • | Industrial growth slipped to 11.5% in May, from 16.52% in the previous month. The Index of Industrial Production, on the back of 12.3% growth in manufacturing and 34.3% jump in capital goods sector, recorded an increase of 11.5% in May, up from 2.1% the same month a year ago. The growth for April-May works out to be 14% against 1.4% in the year ago period. Mining sector posted a growth rate of 8.7% in May against 3.4% a year ago. Power generation increased by 6.4% against 3% growth in May 2009. Consumer durables output grew by 23.7%, while the consumer non-durables recorded a modest increase of 2.4% in May. (BS) |
| • | The UK economy grew 0.3% in the first quarter as an upward revision in services growth outweighed a further slump in construction. The increase in gross domestic product was unrevised from a previous estimate, the Office for National Statistics said. (Bloomberg) |
| • | China's property prices snapped 15 months of gains and bank lending eased in June, indicating that curbs on credit may diminish inflation pressures even as record exports support growth. Real-estate prices in 70 cities fell 0.1% from the previous month, the statistics bureau said. New lending of USD 89 bn was the least in three months, the central bank said in a report. (Bloomberg) |
| US and European markets | |||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||
| Buy / Sell (Jul 09, 2010) | |||||||
| Buy | Sell | Net | |||||
| FII | 3457.40 | 2353.32 | + 1104.08 | ||||
| DII | 1458.80 | 1420.08 | + 38.72 | ||||
*Disclosure: I don't have any positions in the above said scrips & NIFTY FUTURES.
Disclaimer: "I do not make any warranties, express or implied, as to results to be obtained from using the information in this e-letter. Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report.
-- Arvind Parekh
+ 91 98432 32381
