Stock Market Updates, Asian market Updates, Stocks to Buy and Sell Today on 25 November 2013

Asian shares kicked off the week mostly higher following a strong finish on Wall Street Friday and news of a historic deal over Iran's nuclear program.

Japan's Nikkei advanced 1.32% or 203.43 points at 15,585.15. 

Singapore's Straits Times was up 0.12% or 3.78 points at 3,176.63. 

South Korea's Seoul Composite gained 1.01% or 20.21 points at 2,026.44. 

Taiwan's Taiwan Weighted rose 1.05% or 85.10 points at 8,201.88.

China's Shanghai Composite shed 0.43% or 9.35 points at 2,187.03. Hong Kong's Hang Seng was flat at 23,701.44.

Stocks and Sectors in news today:

√ Ranbaxy Labs may sell its vaccine business

√ CBI files graft charges against  SBI deputy MD: Reports

√ Financial Technologies likely to put warehousing arm on block: ET

√ National Rural Employment Guarantee Act (NREGA) wages to shoot up ahead of 2014 polls: ET

√ MCX-SX working on cutting costs, lower loses and review agreements with parent Financial Technologies : ET

√ Engineers India (EIL) bags USD 139 million Nigerian deal: TOI

√ UP sugar mills, government fails to resolve cane price issue: Reports

√ NHPC 's Rs 2,368 crore share buyback to begin on November 29, end on December 12

√ Tata Power inks MoU with Vietnam government to set up power project

√ Dabur India board approves increasing FII limit to 30 percent 

√ Valecha Engineering bags project in Himachal Pradesh in the Hydro power tunneling segment worth Rs 176 crore

√ DIC India Company receives order from promoter DIC Asia to delist with Indicative price around Rs 260/share

√  Uflex to divest balance 25 percent in Flex Films to Dubai subsidiary

Stock to Buy Today 25 November 2013

Buy Bata India, Target Rs 1075 / Rs 1085 and Stoploss Rs 1035

Stock to Sell Today 25 November 2013 

Sell Hero Motocorp, Target Rs 1950 / Rs 1940 / Rs 1930 and Stoploss Rs 2000

BSE Sensex 255.68 Points Up, Nifty 6100, Check Out the Top Market Losers and Gainers

The 30-share BSE Sensex closed at 20528.59, up 255.68 points from previous close while the Nifty touched 6100-mark during the day, before closing with 75.25 points gains at 6096.20. For the week, both benchmarks rallied more than 3 percent. Market valuations do not appear cheap at current levels, feel experts, adding it may rally another 100-200 point on the Nifty but then the correction may start.

BSE IT and Bank indices gained 3 percent each followed by Capital Goods, Realty and Auto indices with 2-2.8 percent gains

ICICI Bank topped the buying list in the Sensex, surging 5 percent followed by HDFC Bank with 2.6 percent gains while their rival SBI rose 1 percent.

Tata Motors closed at record high of Rs 385, up 3.6 percent on top of a 5 percent rally in previous session after its UK subsidiary JLR on Thursday reported record sales numbers in September.

Among others, L&T surged more than 4 percent and Maruti Suzuki advanced 3 percent whereas metals and power stocks were down on profit booking. Index heavyweight ITC lost 1.4 percent.

Over the next week, IndusInd Bank , Reliance Industries , HDFC Bank, TCS , Bajaj Auto , Axis Bank , HCL Technologies , L&T and UltraTech Cement will declare their September quarter earnings.

Globally, Asian markets like Shanghai, Nikkei, Hang Seng and Kospi rallied between 1-1.7 percent on hopes of possible deal to end the US government shutdown and avoid debt default. European markets were trading higher with marginal gains (at 16:30 hours IST).

BSE Top Gainers:

ICICI Bank, Infosys, Larsen, Tata Motors, Maruti Suzuki, HDFC Bank, TCS, Wipro, Hero Motocorp, GAIL,
SBI, Jindal Steel, ONGC, M&M, Reliance, HDFC, Dr Reddys Labs, HUL, Bharti Airtel, Bajaj Auto

BSE Top Losers:

Coal India, Tata Power, NTPC, Hindalco, Sun Pharma, Sesa Sterlite, ITC, Cipla, BHEL, Tata Steel, 

NSE Top Gainers:

ICICI Bank, Bank of Baroda, Infosys, Larsen, Tata Motors, HCL Tech, DLF, HDFC Bank,
Axis Bank, IndusInd Bank, Maruti Suzuki, PNB, TCS, Wipro, Hero Motocorp, Ranbaxy Labs, GAIL, SBI, Asian Paints, Jindal Steel, ONGC, M&M, Bharti Airtel, HUL, Reliance,
HDFC, Dr Reddys Labs, IDFC

NSE Top Losers:

NTPC, Tata Power, Hindalco, Sun Pharma, Sesa Sterlite, Lupin, ITC, BPCL, Grasim, Ambuja Cements, Cipla, NMDC, Jaiprakash Asso, BHEL, Power Grid Corp, UltraTechCement, ACC,
Cairn India, Tata Steel, Kotak Mahindra, Bajaj Auto

Market Updates : Stocks to Buy and Sell on 04 October 2013

The BSE benchmark rallied more than 400 points in intraday trade on Thursday, driven by broad based buying and rupee appreciation. The Sensex rose 384.92 points or 1.97 percent to close at 19902.07, and the Nifty advanced 129.65 points or 2.24 percent to 5909.70. 

◘ US Markets:

Markets finished broadly lower with the Dow closing below the psychologically-important 15000 mark. Trading was jittery as speculation circulated that the US could now face a worst case scenario, where Congress fails to address the debt ceiling and the country defaults. A jarring warning from treasury predicting a catastrophic outcome if that happens added to the nervousness. The market recovered some of its losses around midday when house speaker John Boehner was reported to have told Republicans that he is determined to prevent a default and is willing to pass a measure through a combination of votes if need be. But then stocks dipped again on reports the Capitol building was under lockdown due to a shooting event, the situation was brought under control though.

◘ Asian Markets: Nikkei, Hang Seng down.

Asian markets were trading weak on Friday.
Hong Kong's Hang Seng shed 0.67 percent or 154.48 points at 23,059.92.
Japan's Nikkei slipped 1.14 percent or 161.79 points at 13,995.46.
Singapore's Straits Times was down 0.21 percent or 6.65 points at 3,138.14.
South Korea's Seoul Composite fell 0.61 percent or 12.16 points at 1,987.31.
Taiwan's Taiwan Weighted shed 0.20 percent or 16.72 points at 8,342.30.
Shanghai Composite shut today.

◘ European Markets:

European markets closed mixed The euro trades above 1.362 against the dollar, within striking distance of its 2013 peak of 1.37. Pushing higher for a second session as the dollar remains pinned at 8-month lows.

Sure shot stocks to buy Today on 04th October'2013

√ Larsen and Toubro

Buy Larsen and Toubro, Target Rs 880 and Stoploss Rs 805

Rationale: Larsen and Toubro (L&T) has recently done a short-term correction. It has retraced 50 percept of the previous rise. In terms of wave structure, here on fresh set of impulse is expected to form on the upside which would mean significant upside potential for the counter from short-term as well as medium-term perspective. In the last session, the stock has moved above its crucial daily moving average.

√ Petronet LNG

Buy Petronet LNG, Target Rs 128 and Stoploss Rs 118

Rationale: After a multi-month fall, Petronet LNG is forming a large inverted head and shoulders pattern, which is a basing pattern. Currently, right shoulder of the pattern is in formation. The stock is a good buying candidate from trading perspective as well as from investment point of view. Short-term as well as medium-term momentum indicators are in bullish mode.

√ ITC

Sell ITC October futures at current market price, Target Rs 330 and Stoploss Rs 348.50

Rationale: Fast moving consumer goods (FMCG) counters like ITC is trading in some kind of narrow range and some kind of negative crossover was seen on daily charts. So it is quite possible that some kind of lower levels up to Rs 330 could be expected soon.

√ NTPC

Sell NTPC October futures, Target Rs 140 and Stoploss Rs 148

Rationale: Despite of good bullish momentum in the market, it is quite possible that some stocks like NTPC is not showing strength on the upside. So it is quite possible that some kind of lower levels could be expected soon in this counter.

√ TCS

Buy TCS at current level, Target Rs 2080 and Stoploss Rs 1985

Rationale: It has a good breakout happening yesterday.

√ Cairn India

Buy Cairn India, Target Rs 338 and Stoploss Rs 321

Rationale: Cairn India was quoting below the 20 day moving average (DMA) for quite some time and yesterday it sprung back and closed above it.

Other Stocks to buy today are Bank of India, Voltas, tech Mahindra, Century Textile, BPCL.