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Oil Ministry clears govt stake sale in IOC, ONGC

Oil Ministry clears govt stake sale in IOC, ONGC

06 Sep 10 | 6:42 PMBe the first to comment
The Oil Ministry has approved part sale of government's stake in Oil and Natural Gas Corporation (ONGC) as well as Indian Oil Corporation (IOC), a move that could fetch about Rs 24,000 crore for the Centre this fiscal.
BSE Sensex18,560.05Up1.86%
NIFTY (S&P CNX)5,576.95Up1.78%
BSE 2002,384.35Up1.64%
S&P CNX 5004,693.80Up1.52%
BSE Mid-Cap7,961.81Up1.31%
BSE Small-Cap10,094.52Up1.83%

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As on : 06 Sep 10
03:54 PM The Sensex finally ended at 18,560 up 338 points and Nifty ended at 5576 up 97 points
03:53 PM Sensex losers : Hero Honda, RCom and Hindustan Unilever 
03:52 PM Sensex gainers : Tata Steel, Hindalco Industries and ICICI Bank
03:49 PM Tata Steel was the top gainer among the Metal stocks followed by Hindalco Industries and Sterlite Industries
03:47 PMMarket breadth was extremely positive, out of 3076 stocks traded on the BSE 2045 stocks advanced and 889 stocks declined
03:46 PM FMCG index was the top losr  among the key indices followed by Capital Goods and Healthcare sectors
03:44 PM Metal index was the top sectoral gainer followed by Bankex and Realty indices.
03:42 PM Smallcap losers :  Vipul, Jindal Poly Films and Resurgere Mines and Minerals
03:40 PM Smallcap index ended at 10,095 up 182 points  CCL Products was the top gainer followed by Kirloskar Electric Company and VST Tillers and Tractors
03:38 PM Midcap losers : KEC International, Sigrun Holdings and Allcargo Global
03:36 PM Midcap index ended up 100 points at 7959, MVL is the top gainer followed by Gujarat Gas and Jet Airways
03:31 PM The markets end higher, Sensex is up 345 points at 18,567 and Nifty ended at 5580 up 100 points (Provisional)
03:30 PM Sterlite Industries, JP Associates and SBI have risen over 3%
03:25 PM Tata Steel is the top gainer, has risen 6.2% followed by Hindalco and ICICI Bank up over 3%
03:21 PM Buy Jindal Drilling for target of Rs 648 and stop loss of Rs 599, says Rajesh Agarwal of Eastern Financiers Ltd on Zee Business. 
03:18 PM Shipping Corporation seeks order for minority stake buy in India Shipyard by October 4: NDTV Profit
03:18 PM Reliance, ICICI Bank and Infosys contribute around 130 points to the Sensex
03:16 PM Unity Infra bags order worth Rs 74.54 cr fromIIT Powai: NDTV Profit bags order worth Rs 74.54 cr from IIT Powai: NDTV Profit
03:13 PM Only 3 components on Sensex are trading in the red. Hero Honda underperforms, the stock is down 2%; Rcom and HUL are also trading marginally lower
03:07 PM BSE Realty index is on a firm ground, the index has risen 2% to 3,560 
03:04 PM Buy ACC for target of Rs 970 and stop loss of Rs 870, says MB Singh, technical analyst, on Zee Business. 
03:01 PM BSE FMCG index is the top laggard in trade, the index is down 0.8% to 3,483
02:52 PMBuy RIL for long-term target of Rs 1178, says Madhumita Ghosh of Unicon Investment on NDTV Profit. 
02:51 PM Buy SBI on dips for medium-term target of Rs 3000 and stop loss of Rs 2704, says Anu Jain, technical analyst, on CNBC TV18.
02:49 PM Angel Broking maintains a Buy on PVR with a Target Price of Rs226
02:46 PM Metal index is the top sectoral gainer, the index has risen 3% to 15,814 level
02:42 PM Dow futures are trading at 10,444 up 8 points in the pre market trade: NDTV Profit
02:39 PM BSE IPO Index has risen 0.98% to 2,622
02:34 PM Markets continue to trade firm, the Nifty has risen 103 points 5582 and the Sensex has risen 3555 points to 18,579
02:33 PM  LIC housing fin applies for license to PFRDA
02:28 PM Bank Nifty is up 2% at 11,216. Oriental Bank of Commerce and Union Bank, however, are trading marginally in red.
02:24 PM Resurgere shareholders approve stock split in ratio of 1:10 bonus issue: NDTV Profit
02:22 PM Nifty is up 100 points at 5580 and Sensex is up 353 points at 18,573
02:21 PM Piramal Healthcare has topped the value chart on the BSE with a turnover of Rs 370cr, followed by Tata Steel, Reliance and SBI.
02:19 PM Hold EIL for short-term target of Rs 380-390 and stop loss of Rs 320, says Nitin Murarka of SMC Global on Zee Business.
02:14 PM Buy Surya Pharma for target of Rs 350 and stop loss of Rs 275, says Ashwani Gujral, technical analyst, on CNBC TV18. 
02:13 PM Metal, Oi & Gas and Realty stocks pulling the Sensex to new highs
02:07 PM R-Power, RNRL rise on shareholder nod for Scheme of Arrangement
02:05 PM Confidence Petro acquires bangalore based Sneha Petroleum: NDTV Profit
02:03 PM Tata Motors aim to sell 20,000 Jaguar XJS in next 12 months: NDTV Profit
02:03 PM BSE metal index extends gains. Index jumps 3.3% to 15,852.
02:00 PM Chinese steel production set to decline, says CNBC Analysts
01:59 PM All the sectoral indices are trading in green, Bankex, Auto, TECk, Power and PSU indices are trading over 1%
01:56 PM Hold KRBL with target of Rs 38 and stop loss of Rs 24, says Somil Mehta on CNBC Awaaz
01:52 PMRealty and IT indices are leading the gains, have risen over 1.5% each
01:48 PM Hold Sun TV with one-week target of Rs 520 and stop loss of Rs 485, says Salil Sharma on Zee Business
01:45 PM BSE Consumer Durbles index is a laggard in trade, down 0.6% to 5,864
01:42 PM Astra boosts emerging markets with Aurobindo deal
01:40 PM Reliance Infratel to keep option of IPO open, says Reliance Communications on CNBC
01:40 PM From the sectoral space BSE Oil & Gas index has risen 2% to 10,188
01:34 PM Hold L&T with medium-to-long term target of Rs 2000, says Dr Sastry on NDTV Profit
01:34 PM BSE 500 index is also trading firm, has risen 1.4% to 7,543
01:26 PM Hold KRBL for target of Rs 38 and stop loss of Rs 24, says Somil Mehta of Sharekhan on CNBC Awaaz. 
01:26 PM Nouriel Roubini to CNBC says that 1.2% growth in Q2 indicates further equity market downside
01:25 PM BSE market breadth is fairly positive. Out of 2,985 stocks traded 2,148 have advanced while 746 have declined.
01:25 PM US Economic data: August employment rate rises to 9.6% versus 3.5% in july: NDTV Profit
01:21 PM Metal index continues to shine in trade today, the index is up 2.9% to 15,783 level.
01:20 PM Buy Finolex Industries for one-week target of Rs 120 and stop loss of Rs 102, says Parsh Zaveri of Zaveri Investments on CNBC Awaaz. 
01:18 PMMarket breadth is extreemly positive, out of 2979 stocks traded on the BSE 2164 stocks have advanced while 729 stocks have declined
01:15 PM Midcap and smallcap indices are also leading the gains, the indices are up 1.3% and 1.7% each  
01:07 PMHold Thomas Cook for  medium-term target of Rs 85-90 on crossing Rs 73-74, says Pankaj Jain of Satguru Capital on Zee Business.
01:04 PM Nifty Septermber futures are trading at 4 points discount at 5560 
01:02 PM Buy BGR Energy for target of Rs 975, says Avinash Gorakshakar of Anagram Capital on NDTV Profit. 
12:58 PMIIFL Research: Stocks are likely to move sideways in the holiday-shortened week as investors remain wary about the long-term economic outlook  
12:54 PM Buy IL&FS Transportation for target of Rs 368 and stop loss of Rs 339, says Rajesh Agarwal of Eastern Financiers Ltd on Zee Business.
12:51 PMHold Mahindra Satyam for target of Rs 122-125 and stop loss of Rs 78-80, says Ashwani Gujral, technical analyst, on CNBC Awaaz. 
12:50 PM Market breadth is positive, for 2187 advancing stocks, 696 stocks are declining  
12:49 PM Bata India, Bhushan Steel, Trent and MRF have touched their respective new highs today.
12:46 PM BNP Paribas maintains hold in Mphasis for target of Rs 670: NDTV Profit
12:45 PM BNP Paribas maintains hold in Mindtree for target of Rs 530: NDTV Profit
12:41 PM BSE IPO index underperforms th broader index. Index gains 1% to 2,263.
12:40 PM European markets open higher, DAX is up 50 points at 6134, CAC is up 40 points at  3672 and FTSE is trading at 5428 up 57 points
12:38 PM On the Sensex only 3 components are trading in the red, Hero Honda has fallen 1.5% to Rs 1710, Reliance Comm is also down 0.9% to Rs 162
12:34 PMGovernment to sell 10% in Indian Oil in the Q4: NDTV Profit
12:32 PM Nifty up 1.5% at  5,560 while Nifty junior gains 1% to 12,216.
12:32 PMBuy Zee Entertainment for a target of Rs 295 and stop loss of Rs 284, says Anu Jain, technical analyst, on CNBC TV18.
12:20 PM CNX realty index has jumped 1.5% to 463. Peninsular Land, Sobha Developers, HDIL are the gainers.
12:18 PMGovernment to sell additional 5% in ONGC : NDTV Profit
12:17 PM IIFL  Research: Buy Talwalkars at CMP Rs203, Target Rs 241, seeing upside 18.5%
12:10 PM Emkay Research:  For MSCI World Index seeing hurdles between 292-298
12:08 PM Buy Geometric for target of Rs 76 and stop loss of Rs 66, says Hardik Jain, technical analyst, on Zee Business.
12:07 PM CNX Mid-cap index has gained 1% at 9,018 in noon trades
12:05 PM IIFL Research: BUY  Bharti Airtelbetween Rs 338-341, Target Rs355; uptrend is stalling at the upper-end of the trading range
12:04 PM Buy DLF for a target of Rs 324 and stop loss of Rs 308, says Shardul Kulkarni of Angel Broking on NDTV Profit. 
11:58 AM Emkay Research: The divergence between the Sensex and the Mid Cap/Small Cap space is a sign of caution
11:56 AM Buy Core Projects for 5-7 day target of Rs 340 and stop loss of Rs 255, says Imtiaz Qureishi, technical analyst, on CNBC Awaaz.
11:54 AM IIFL Research: Buy HUL at CMP Rs 27 and Target Rs29; on weekly chart it has broken above neckline of bullish inverted head and shoulder pattern
11:53 AM Hold Indiabulls Securities for stop loss of Rs 24 and exit on rally to Rs 28, says Nitin Murarka of SMC Global on Zee Business. 
11:51 AMMetal shares soar as LMEX nears its four-month high
11:48 AMMacquarie research: Vulnerability to foreign flows is worth being aware of as YTD foreign investors have bought $23 bn worth of Asian stocks this yr
11:46 AM Nifty trading at a new 32 months high: NDTV Profit
11:42 AM Buy UCO Bank with a 1-2 week target of Rs 120 and stop loss of Rs 108, says Hitendra Vasudeo on CNBC Awaaz
11:38 AM Markets are trading firm, the Sensex has risen 219 points to 18,441, Nifty has risen 64 points to 5543
11:38 AM Bajaj Auto is the top gainer in Junior Nifty, followed by HDIL, Mphasis and Aditya Birla Nuvo.
11:29 AM Buy Wockhardt for target of Rs 290-300 and stop loss of Rs 215, says Ashwani Gujral, technical analyst, on CNBC TV18
11:29 AM BSE metal index jumps 2.3% to 15,703 . Hindalco, Tata Steel, Sterlite, Jindal Saw and Welcorp are among the gainers.
11:25 AM Oil & Gas index is trading at 10,031 up 50 points, Aban Offshore is the top gainer fllowed by HPCL and GAIL
11:23 AMBuy Escorts for one-week target of Rs 230 and stop loss of Rs 210, says Parsh Zaveri of Zaveri Investments on CNBC Awaaz.
11:19 AM Markets at day's high. Sensex jumps 209 pts at 18,431.
11:16 AMBuy Indian Hotels for target of Rs 114 and stop loss of Rs 103, says Shardul Kulkarni of Angel Broking on NDTV Profit
11:13 AM Tata Steel raises September flat product prices by as much as 4%: NDTV Profit
11:05 AM Buy GMDC for intra-day target of Rs 134 and stop loss of Rs 124, says Anil Singhvi, market analyst, on CNBC Awaaz. 
11:03 AM Hindalco Industries leads the rally among the Sensex stocks followed by tata Steel and Sterlite Industries
11:01 AM Broader markets are trading firm, Midcap index is up 1.3% at 7961 points and Smallcap index is up 155 points at 10,068
10:58 AM Buy Bharti Airtel for target of Rs 349 and stop loss of Rs 332, says Salil Sharma, technical analyst, on NDTV Profit. 
10:54 AM Hold REI Agro for  stop loss of Rs 18.50 and exit on rally to around Rs 22-23, says Pankaj Jain of Satguru Capital on Zee Business
10:50 AM A group gainers include Bajaj Holdings, Sterling Bio, BEML and Bajaj Auto.
10:39 AM Buy Hanung Toys for  target of Rs 316 and stop loss of Rs 301, says Pankaj Jain of Satguru Capital on Zee Business. 
10:39 AM Tata Steel tops the NSE value chart with a turnover of Rs 185.83 cr, followed by Reliance, ICICI Bank and Bajaj Auto.
10:35 AM Buy TV18 on dips for target of Rs 102 and stop loss of Rs 92.60, says Anu Jain, technical analyst, on CNBC TV18. 
10:31 AM BSE small-cap index has gained 1.5% at 10,060. Kirloskar, CCL Products and NRB Bearings are the top gainers.
10:27 AM Buy Ispat Industries for short-term target of Rs 21.25 and stop loss of Rs 19.20, says Mitesh Thacker, technical analyst, on CNBC Awaaz. 
10:21 AM Buy Hindustan Unilever and Bharti Airtel, says India Infoline
10:13 AM Ceat expects good sales in September despite monsoons: NDTV Profit 
10:11 AMPiramal Healthcare has topped the value chart with a turnover of Rs 366.41 cr, followed by Tata Steel and SBI
10:00 AMBuy Kingfisher Airlines for target of Rs 68.50 and stop loss of Rs 61.75, says Anu Jain, technical analyst, on CNBC TV18.
09:54 AM Buy Talwalkars with a target of Rs 241, says India Infoline
09:49 AM Deutsche Bank maintains Buy in Aurobindo Pharma for target price of Rs 1200: NDTV Profit
09:48 AM BSE oil & gas index trades unchanged at 9,984.
09:42 AMSee 8-10% growth potential in India, Black Swan Capital to NDTV Profit
09:41 AMIndian equities looking attractive from liquidity, momentum perspestive, Aditya Samant of Black Swan Capital on NDTV Profit
09:41 AM BSE market breadth extremely positive. Out of 2,414 stocks traded, 1,971 have advanced while 386 have declined.
09:39 AM Markets to renmain volatile in the near term, Aditya Samant of Black Swan Capital on NDTV Profit 
09:37 AM Low possibility of double deep recession in USA Black Swan Capital to NDTV Profit
09:34 AMNomura capital bullish in Banking and Real Estate stocks: NDTV Profit
09:30 AM 5% fall in equities seen as a good buying oppertunity, Nomura Capital on NDTV Profit
09:30 AM GTL Infrastructure, Hero Honda and EIH are among the A group losers in BSE
09:29 AM Do not expect to see 10% correction in Indian markets, Nomura Capital on NDTV Profit
09:26 AM GTL Infra cancels deal to merge Reliance Infratel with the company: NDTV Profit
09:24 AM Markets continue to trade firm. Sensex up 130 pts at 18,350. Nifty up 40 pts at 5,519.
09:21 AM Koutons Retail to raise Rs 400 cr via preferential allotment: NDTV Profit
09:19 AM Metal stocks shine. Hindalco has gained 4% at Rs 177, followed by Sterlite and Tata Steel.
09:19 AM Hindalco to invest Rs 10,000 cr in capex: NDTV Profit
09:17 AMBanking, non steel metal stocks still top picks for Bharti Axa: NDTV Profit
09:13 AM Consumer durables and healthcare stocks may outperform today, says SMC Research, India
09:09 AM BSE metal index jumps 1.5% to 15,577. It is followed by realty, IT and healthcare.
09:04 AM Fertiliser stocks in the mid-cap sector gain smartly in early trades
09:04 AM Among mid-cap stocks, EIH Associated Hotels drops 1.5% in opening trades
09:03 AMAmbuja Cements, Hindustan Unilever and ONGC are trading soft this morning.
09:02 AM Jaiprakash Associates, Suzlon, DLF, Tata Motors and Tata Steel also gain aound 1% each
09:01 AM Infosys and TCS, among IT stocks, gain 1% each.
09:01 AM Metal stocks lead rally. Hindalco jumps 2% and Sterlite is up 1.6%.
09:00 AM Sensex opens up 50 pts at 18,271. Nifty opens at 5,5519 - up 39 pts.
08:49 AM Support on the downside for the Nifty is 5470-5450 and resistance at 5510-5540 says Prakash Gaba
08:42 AM SGX Nifty points at a higher opening. Index up 30 points at 5,511.
08:41 AM FIIs net buyers of Rs 89.13 crore in Futures & Options on Friday
08:33 AM Asian markets gain in morning trades. Hang Seng up 1% at 21,165.

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Puneet Wadhwa 06 Sep 10
Saurabh Jain, Head Research (Equity) - Retail, SMC Global Securities
Ujjval Jauhari 03 Sep 10
Jyoti Prasad, Head (Investment Banking), Asit. C Mehta
Priya Kansara Pandya 02 Sep 10
Vaibhav Sanghavi, Director – Equities, Ambit Capital
Puneet Wadhwa 02 Sep 10
Rishi Nathany, Director, Touchstone Wealth Planners
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