Tuesday, July 10, 2012
11/07/2012 stocks news

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China Cuts Interest Rates
China's central bank cut interest rates for the second time in two
months on Thursday in the latest attempt to bolster slowing growth in
the world's second-largest economy.
Benchmark lending rates will be lowered by 31 basis points to 6 percent,
and deposit rates will be reduced by 25 basis points to 3 percent, the People's Bank of Chinasaid in a statement on its website.
ECB Cuts Rates to 0.75%, Deposit Rate to Zero
The European Central Bank cut its main interest rate to a record low of
0.75 percent and its deposit rate to zero on Thursday to help tackle the
euro zone crisis that threatens to push the bloc's deteriorating
economy back into recession.
Grasim acquires Canada's Terrace Bay Pulp for $300 million
Aditya Birla Group company Grasim Industries has acquired Canada's Terrace Bay Pulp for about $300 million.
Terrace Bay which owns 285,000 tonnes of paper grade pulp capacity, will be converted into rayon grade pulp to be used by Grasim for its viscose staple fibre operations.
Terrace Bay which owns 285,000 tonnes of paper grade pulp capacity, will be converted into rayon grade pulp to be used by Grasim for its viscose staple fibre operations.
Grasim is expected to make an announcement shortly.


1. Kerala Aurveda
2.Bombay Dyeing
3.Raj Oil
4.MPS LTD
5.Lovable
6. Pantaloon
7. Atlas Cycle



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UBS upgraded Indian stocks to “overweight” citing attractive valuations
compared with growth markets in Southeast Asia and an improving trade
balance that could help improve domestic liquidity conditions.
Although the investment bank warned the country still faces a number of
challenges, including politics and potential problems in the balance of
payments, it recommended investors continue to bet on India. “We think
the risk is worth it - that either improved risk appetite globally helps
lower domestic rates, or that in the coming months an improving trade
balance does the same,” UBS said.
“As such, we think liquidity will improve and by interacting with
sensible earnings estimates (that have as much risk as elsewhere in the
region in our view) and attractive valuations, should help India perform
better in relative terms,” it added.

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STOCK MARKET ON VERGE OF BIGGEST BULL RUN OF LIFE TIME IN HISORY



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What To Do Today........

Nifty....Today Face Resistence at......5355...5395...5438
Nifty.....Today Support at ....5275...5235...5165
Nifty Range...4200--------6600
vps RESEARCH......

NEXT TGT FOR
WE SHORT NIFTY @6100 TGT 5350 / 4800
OUR 1 TGT HIT NIFTY 5350 OUR 2 TGT ALSO
DONE 4850 NEXT 4600/4200
DONE 4850 NEXT 4600/4200
Our Opininon for Today's Market.......
1.Stock Specific Movement Expected Today ......
2.Midcaps Looks Good....
Buy reliance ab 735 tgt 742/748 sl 730 sell below 726
sell jsweng @ 54.5 tgt 52.5/50.5 sl 55.9
BUY FORTIS ab @ 107 TGT 109/111/115 SL 105.5
BUY IDBI AB 99 TGT 101/104 SL 97.5
janin irr tgt 87/90 sl 83.5
all banks and titan bgr loook good
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