31/03/2010

Nissan Leaf electric car to cost $25K after tax credit - Nissan Leaf electric car to cost $25K after tax creditThe Leaf, a four-door hatchback due in showrooms late this year, will have base price of $32,780, but buyers can get $7,500 electric vehicle tax credit. Nissan Leaf



The market opens on a flat note this morning. Earlier, the US markets ended flat with the Dow up 11 points, while Asia is trading quiet. Sensex is trading at 17658, up 68 points from its previous close, and Nifty is at 5280, up 18 points. CNX Midcap index is up 0.4% and BSE Smallcap index is up 0.5%. The market breadth is positive with advances at 538 against declines of 158 on the NSE.



At this hour the market is trading quiet with metals and financials under pressure. Asian markets closed in the red while Europe opened flat and is trading soft. Sensex is trading at 17608, up 18 points from its previous close, and Nifty is at 5265, up 2 points. CNX Midcap index is up 0.4% and BSE Smallcap index is up 0.8%. The market breadth is positive with advances at 784 against declines of 470 on the NSE.


There are some apprehensions about the stock markets, but the markets are backed by some real fundamental growth, says Promod Haque of Norwest Venture Partners on CNBC TV18. According to him, technology has been a growth story and companies will need to invest in it to beat wage hikes. Valuations are somewhat different in each country and we do investments in early stage companies and in growth stage companies in the US, Israel, India and China and it's fair to say that each country has its own set of issues and therefore, valuations in each country are somewhat different, he adds.


Sensex intraday support levels: Support 17508-17415-17318; Resistance 17793-17827.
Nifty intraday support levels: Support 5242-5202-5187; Resistance 5318-5329-5338.

Sector Specific & Stock Specific: BSE FMCG index is positive; BSE IT and BSE Health Care index are negative. Jet Airways,

Mc Leod Russel and National Aluminium are positive.

ome minutes away from close, the market has suddenly started to fall. Sensex is trading at 17489, down 100 points from its previous close, and Nifty is at 5235, down 26 points. CNX Midcap index is up 0.4% and BSE Smallcap index is up 0.5%. The market breadth is positive with advances at 689 against declines of 586 on the NSE.



The market ended quite lackluster on this last day of the financial year. After a flat opening, it rallied a bit and then dipped, in the latter half of the trading session, and closed in the red. Sensex closed at 17529, down 60 points (provisional) and Nifty at 5250, down 11 points (provisional) from the previous close. CNX Midcap index was up 0.5% and BSE Smallcap index was also up 0.5%. The market breadth was positive with advances at 695 against declines of 576 on the NSE.


1) Buy Mc Leod Russel LTP Rs.278.50 stop loss Rs.269 target Rs.297.


2) TechM. LTP Rs.882 sell at Rs.889 stop loss Rs.902 target Rs.858.