Bonanza Portfolio Limited -Blog

Zee Business Mandi Live

2012-03-10T12:53:00.000+05:30

Watch, Vibhu Ratandhara - AVP Commodity Research, Bonanza on Zee Business Mandi Live, 09 March 2012.

Daily Market Commentary

2012-03-09T15:47:00.002+05:30

Market opened after a day’s holiday on account of Holy festival. It was a strong opening for the markets as Nifty opened up with a substantial gap of 80-90 points. Strong overseas cues from both US and China improved the overall sentiments of the investors. US markets had positive closing overnight as Greece moved closer to completing its debt restructuring and Labor Department data showed expected jobless claims consistent with an improving economy. Meanwhile China’s inflation rate declines to a 21-month low of 3.2% in Feb’12.Initial gains were seen in Banking and metal stocks. Nifty continued to inch upwards as the session progressed, easily trading past the psychological level of 5300. Slight profit booking was witnessed during the afternoon session as European markets opened in neutral to negative zone. However momentum picked up the pace once again in the late afternoon session as Nifty touched the intraday high of 5342.30 levels. Nifty closed near the day’s high with substantial gains of over 2%.

Almost all the sectoral indices closed up in green on broad based buying.

Metal stocks surged up after being at the receiving end for past 2-3 days. Sentiments improved for the metal stocks as China’s inflation rate cooled off in the recent month sparking optimism about its economic growth.

Banking stocks too witnessed substantial buying interest.

Markets are likely to be highly volatile in the month of March as important data and events are lined up during this month. Global developments like announcement pertaining to US nonfarm payrolls too will continue to influence the market sentiments. Immediate resistance exists at 5375-5380 and immediate support is at 5275 and then 5210.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

ET Now Scroll

2012-03-07T11:58:00.000+05:30

Bonanza View On Zinc-MCX & Natural Gas-MCX on ET Now Scroll, 06 March 2012.

Daily Market Commentary

2012-03-06T15:41:00.002+05:30

It was quite an eventful and volatile day for the markets as State election results enfolded during the day. Congress winning in the state elections would have been welcome news for the markets since that would have ensured a smooth ride for the reforms initiated by the government in the centre. However it proved to be unexpected if not disappointing day for most of the political parties involved except for the Samajwadi party that formed majority in the UP state.

The political drama casted its effect on the bourses as well as market traded in a highly volatile fashion during the day. Nifty opened in the negative territory on weak global cues. However after a short negative spell, it recovered immediately to trade in green as the election leads start trickling in. Initial gains were seen in Anil Dhirubhai Ambani Group (ADAG) shares as according to the initial reports Samajwadi Party (SP) emerged as the single largest party in the Uttar Pradesh assembly elections. Nifty extended its gains during the early afternoon session, touching the intraday high of 5382.05.However profit booking at the higher levels led Nifty to pare its gains. Market sharply slipped downwards and continued to trade in a downtrend for rest of the trading session. Nifty continued to slide downwards till the fag end of the session, finally closing near the day’s low with over 1% losses.

Almost all the sectoral indices closed down in red.

Metal stocks continued to witness selling pressure as China’s GDP growth in CY2012 is expected to be at a slower rate of 7.5% as against 8%.

Markets are likely to be highly volatile in the month of March as important data and events are lined up during this month. Global developments too will continue to influence the marketsentiments.
Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

ET Now Trading Calls

2012-03-06T13:17:00.002+05:30

Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on ET Now Trading Calls, 06 March 2012.

ET Now Hot Commodities

2012-03-06T09:42:00.000+05:30

Vibhu Ratandhara - AVP Commodity Research , Bonanza on ET Now Hot Commodities, 05 March 2012.

Daily Market Commentary

2012-03-05T15:58:00.000+05:30

Nifty had gap down opening on negative cues from the global peers. Other Asian markets were under pressure on concerns of slowing Chinese economy. China has over the weekend reduced its growth target to 7.5% from 8% for CY2012, the lowest goal since 2004. Coupled with the jittery sentiments on slowing China’s growth, the sentiments in the domestic market were also cautious ahead of important state election results to be declared tomorrow. All the nervousness led to Nifty opening down with a gap and further sliding downwards as the session progressed. Selling pressure dominated the market today. Major fall was seen in Metal stocks and Banking stocks. Weak openings in European markets further worsened the sentiments during the afternoon trade with Nifty slipping down to intraday low of 5265.70.Some recovery was seen in the fag end of the session enabling Nifty to close above its day’s low with more than 1% losses.

Almost all the sectoral indices closed in negative.

Metal stocks were beaten down today.

Realty and Banking stocks too witnessed significant selling pressure on fears of increase in NPA’s as a result of weakening economy.

UP sugar stocks surged on favorable UP election outcome. Anil Dhirubhai Ambani stocks too bucked the trend and closed up with gains.

Markets are likely to be highly volatile in the month of March as important data and events are lined up during this month. Tomorrow, on 6th March, UP poll results will be declared which will influence the market sentiments. Important support exists at 5210 and then 5170-5160.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Zee Business Vayda Se Fayda

2012-03-02T17:22:00.000+05:30

Puneet Kinra - Sr. Technical Analyst (Equity Research)- Bonanza Portfolio on Zee Business Vayda Se Fayda

Daily Market Commentary

2012-03-02T15:38:00.000+05:30

Nifty had positive start to the day, albeit momentarily, on favorable global cues. Within first few minutes of opening session, Nifty slipped into red and touched the intraday low of 5315.05 levels. Initial losses were seen in Reality stocks. It was a choppy session for the bourses as Nifty rebounded from the lows just as quickly. Afternoon session witnessed market bouncing back from the day’s low on the back of smart rally in Auto, banking and cement stocks. Nifty rallied up and touched the intraday high of 5392.55 levels during the early afternoon session. Thereafter, profit booking near the highs and a subdued opening in European markets led Nifty to shed the day’s gains. Nifty trimmed all its day’s gains and slipped into red once again on jittery sentiments. Choppy session again ensued during the latter part of the day as Nifty alternated between in positive and negative territory before finally closing up with slight gains of 0.3%.

Banking stocks attracted buying interest and closed up with decent gains.

Cement stocks were in the limelight today on reports of monthly sales dispatch figs.

Markets are likely to be highly volatile in the month of March as important data and events are lined up during this month. Starting from 5-6th March, when the UP poll results will be declared ,important events like Monetary policy review (15th March) and Union budget(16th March) will lead to cautious to jittery sentiments on the bourses. Apart from domestic events, global developments too will continue to influence the market sentiments. The medium to long term trend of the market continues to be bullish.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Sub Broker – An Opportunity

2012-03-02T09:04:00.002+05:30

Introduction

The financial services industry has adopted the franchising route since the 90s. To meet high aspirations of tapping the retail market and providing its consumers a superior service, all brokerage firms are actively encouraging the growth and development of the sub-broker channel. Looking at the under-penetration of all financial products, most of the stock brokerage firms believe in increasing their presence in this segment by opening more offices across the country. The firms believe that having a presence through business partners gives them greater penetration, effectiveness and better reach to their retail audience. Franchising works wonders for the customers as well, as it not only helps them in being served better with the right technology and a robust platform of the brokerage firm, but it also ensures personalized services and timely advice from the sub-broker's end.

Financial services are a broad category. However, one of the prominent sectors within financial services is stock broking. Within the financial services, the stock broking services revenue is approximately Rs 7,200 crore. The daily average volume of trades done is in the range of Rs 95,000 crore. The market penetration of investors being served in the equity market still remains low. This has further led to the inception of bigger and better base of sub- brokers.

Profile of a Sub Broker

In the financial services sector, the minimum qualification required for becoming a broker is class XIIth or graduation with two to three years of experience in the stock broking business, either as a sub or main broker, or as an employee of a broker and a sub-broker. In case, you do not have the basic qualification, you must be a matriculate with a minimum of two years of experience in the capital market. Apart from this, the franchisees are also selected on the basis of their financial capabilities, how good he/she is in networking and understanding the local market.

In the brokerage industry, it is considered mandatory for every individual to get registered with the Securities and Exchange Board of India (SEBI), National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). “As per the SEBI guidelines, only members and their clients can trade on the stock exchanges. Thus, to start a stock broking business, it is mandatory to be either a member of the exchanges or be a sub-broker (franchisee) of a member broker.” In the stock broking industry, the franchisee reaches breakeven in six months to one year's time
INITIATING your own brokerage business or going in for a franchised option depends on the experience and financial capability of the entrepreneur who enters into the business of stock broking. In the brokerage industry, broker's educational qualification and professional experience counts whether he/she runs, owns or seals a franchise deal with the big brand to expand the business instantly

How to get started

Stock broking is a low-cost business opportunity. “In order to start a stock broking franchise a 100 per cent refundable deposit, of Rs 1-3 lakh is required. Other than the refundable deposit the franchisee must make available a 200 sqft. Office furnished with basic office fixtures and an internet connection
On the other hand, the advantage of taking up a franchise is that the franchisee is not required to pay attention on branding as the brand has already achieved recognition. Investors are well aware what they want and big brokerage firms are able to offer a bouquet of services under one roof.

Products & services offered

Sub Broker can provide its clients with a platform to trade on the stock exchange both online as well as offline. Apart from broking in Equities, Commodities & Currencies, Sub Brokers can also offer products like Mutual Funds, IPO’s, Insurance, PMS, Real estate advisory, Govt. Securities & Bonds etc.

Conclusion

It is expected that in the next few years small brokers may find it difficult to sustain their profitability in the market. To get instant recognition and success, small brokers will convert their business into a franchised one.

Observing the presence of independent and franchised businesses, the brokerage industry is expected to get over the gestation period and sustain their profitability. Small and big players are likely to consolidate their businesses and expand their reach to untapped regions by taking baby steps towards the franchising model, operating through a sub-broker channel to broaden their reach to the investors

For more information, please contact Subit kapoor - 09930453041.
E-Mail: businessdevelopmentdesk@bonanzaonline.com

Daily Market Commentary

2012-03-01T15:42:00.000+05:30

Sentiments remained cautious for yet another day after yesterday’s disappointing GDP data announcement. Nifty had soft to cautious start to the day as market men turned wary on disappointing domestic economy growth statistics and negative closings in American markets. Initial losses were seen in capital goods stocks and Banking stocks. It was a choppy session for the market. Nifty pared some of the losses during the afternoon session; however it again slipped down on weak openings in the European markets. Nifty slipped below the 5300 levels for a while, touching the intraday low of 5297.50 during the second half of the session. Bargain buying emerged in the last half an hour of trade as Nifty inched upwards to trim some of the day’s losses. Nifty finally closed with almost 1% losses.

Interest rate sensitive sector stocks like Banks and realty stocks witnessed selling pressure. Sentiments turned adverse for the Banking sector on fears of likely increase in NPA's as the domestic economy slowed to a 10 quarter low.

IT stocks were bit subdued and closed in red on Federal Reserve Chairman Ben Bernanke’s cautious remark on US economic recovery.

Markets have become increasingly volatile. Apart from domestic events, global developments too will continue to influence the market sentiments. Immediate resistance exist at 5425-5430 and then 5500 level. Below 5325, next support exist at 5275 and then 5240-5235.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Daily Market Commentary

2012-02-29T15:49:00.000+05:30

Nifty had another day of gap up opening as global sentiments improved on decline in international crude prices and strong consumer confidence data in UC economy. Overnight gains in American markets acted as positive cue for the Asian markets including Nifty, which opened well above 5400 levels. Initial gains were seen in PSU major ONGC which rose almost 4% on reports of government deciding to sell 5% stake in the company through an auction on 1 March 2012. Nifty touched the intraday high of 5458.80 early on and then traded in a range for a while as Market men waited for the announcement of third quarter GDP figures. The Q3FY12 GDP figures came lower than expected at 6.1% as compared to the growth rate of 8.3% in Q3FY11 and 6.9% in Q2FY12. Market reacted negatively to the news and it slipped down immediately. Sentiments again turned cautious as the pace of economic growth has slowed down substantially with GDP growth rate slipping to the lowest levels in last ten quarters. Nifty continued to drift downwards for major part of the afternoon session. Mixed cues from the European markets further weakened the sentiments as Nifty not only pared all its gains but also slipped down into red for a while. Market turned volatile during the last one hour of trading session as Nifty recovered a little, again slipped and then bounced back again into green. Nifty finally closed on a flat note.

Realty stocks attracted buying interest after being on the receiving end for the past few days.

Metal stocks too ended up with decent gains.

Markets have become increasingly volatile. Apart from domestic events, global developments too will continue to influence the market sentiments. Immediate resistance exist at 5425-5430 and then 5500 level. Downside support exists at 5325 and then 5275.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Commodity Calls

2012-02-29T10:43:00.000+05:30

Watch, Mr. Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on CNBC Awaaz Commodity Calls, 28 Feb 2012.

Daily Market Commentary

2012-02-28T15:39:00.002+05:30

Nifty had a gap up opening as sentiments improved on decline in international crude prices. Global cues were mixed today and hence relief rally dominated the market sentiments. Nifty opened above 5300 levels and continued to inch upwards as the session progressed. Initial gains were seen in banking stocks. Nifty heavyweight reliance too attracted buying interest on reports that the company along with BP PLC will submit a joint plan to the government to develop the D6 natural gas block and its satellite fields as an integrated unit. Nifty continued to inch upwards during the day on broad based buying. Positive openings in European markets further strengthened the momentum as Nifty touched intraday high of 5391.10 during the late afternoon session. Nifty closed with over 1.8% gains.

Almost all the sectoral indices ended in positive territory.

Realty stocks were in the limelight today. Banking sector too attracted buying interest after being on the receiving end for the past few days.

IT stocks witnessed selling pressure.

Markets have become increasingly volatile. Tomorrow (Wednesday), sentiments will be influenced by the announcement of Q3 December 2011 gross domestic product (GDP) by the government. Apart from domestic events, global developments too will continue to influence the market sentiments. Immediate resistance exist at 5425-5430 and then 5500 level. Downside support exists at 5325 and then 5275.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

ET Now Scroll

2012-02-28T12:37:00.002+05:30

ET Now Scroll, 28 Feb 2012, 60sec, Bonanza Buy Call On Copper - MCX.

RATE CUTS ON THE ANVIL: HOW TO CHOOSE THE WINNERS AMONGST DEBT FUNDS?

2012-02-28T11:31:00.002+05:30

The fact that debt instruments have inverse relationship with interest rates makes investments into debt tactically imperative looking at the monetary policy stance RBI is expected to take in the near term. In the absence of a developed debt market, debt mutual funds are the most convenient, cost effective and transparent medium to invest into debt markets for a naïve investor. But in a universe of more than 400 debt funds, it’s a colossal task to choose the right fund to suit your needs as well as the markets’.

Selecting a right debt fund is much different from selecting any equity fund due to diversity of assets it invests into, the way these funds are managed and the way they perform.

Long-term performance doesn’t matter

The situation was experience firsthand by Mr. Manish Jha, a market professional based at Mumbai. Manish invested into a long term bond fund looking at its returns in the Dec-08 and Mar-09 quarters and soon realized that the fund failed to keep itself even in positive territory in the coming 4-5 quarters.

The best way to cherry-pick the best performers in here would be to analyze funds separately for two periods: 1) during interest rate hikes 2) during interest rate cuts and pick the ones that have performed during both periods. Secondly, give adequate importance to the fund managers that have shown the ability to predict interest rate cycle turns. Outperforming in a debt market has more to do with one’s view on interest rates than anything else.

Know the risk/reward balance

Betting on interest rate view would require you to invest for the long term which would mean anything more than a year because rate hikes/cuts usually are gradual in nature until as and how they start bringing the desired results to the economy (boosting growth/controlling inflation being our case).

Thus you may choose amongst Gilt & Income funds depending on your risk appetite. Gilt funds are on the highest end of risk-return table as they invest into the most liquid debt instruments – the G-secs. These funds are usually more sensitive to interest rates vis-à-vis other debt funds. Income funds on the other hand invest into corporate bonds and partly into G-secs and are thus less volatile.

After choosing the fund category, look-out for the fund’s duration which would reflect its sensitivity to interest rates. The more the duration, the more the fund would return with any fall in interest rates. Choose a fund according to your risk-appetite and your level of confidence on interest rate movements.

Expenses matter

The expense ratio gives an overall view about the cost of staying invested into the fund. As the returns of debt funds range anywhere between 2-10%, high expenses drag the returns of a fund further down over the long term. During bad times, when debt funds usually yield 2-4%, it becomes unviable to stay invested in a fund charging 2.5% expense ratio. Thus, one should try choosing a fund that has a history of having a low expense ratio. At times it’s seen that a fund might not be a category topper in a quarter but may turn out to be a winner in the long term just due its low expenses.

Check for the quality

When interest rates are rising, at times debt funds tend to invest in debt papers with low credit rating in order to boost the returns of their fund as yielding capital gains is close to impossible. By doing so, funds take-on additional liquidity and credit risks. While this fine to some extent, investors should avoid funds that have a history of consistently investing a major portion of their portfolio into these papers.The most common way to show a fund’s returns has been to show its annualized returns over the past 1 year, 3 years and 5 years. While this exercise is apt for equity funds, it would fail to show true picture for debt funds. This is because debt fund’s performance is linked to the stage of interest rate cycle we are in and the view fund manager takes on the same. In a falling interest rate regime like 2008-09, the fund’s performance might be high, may be even more than equity fund. However during rate hikes, the debt funds may at best match the returns of liquid funds. In such a scenario, long term performance might cover rising and falling cycle both or both of them partly. Thus, investor may not get a true picture as there may be funds that have performed only in falling interest rates and have faltered during the bad times.

Daily Market Commentary

2012-02-27T15:39:00.000+05:30

Bears had a field day as Nifty corrected by almost 200 points intraday. The sentiments turned cautious from the onset of session only and worsened as the session progressed. Nifty opened on a flat note and immediately after opening slipped into negative zone .Nifty extended the losses during the afternoon session and slipped below 5400 levels. Initial losses were seen in Banking and realty stocks. As the session progressed, sentiments worsened further as even the European markets too opened in the negative zone. Rising international crude prices added to the woes of the market men. Broad based selling during the latter part of the trading session led Nifty to slip further down breeching even the 5300 levels. Selling intensified during the last half an hour of session with Nifty touching intraday low of 5268.15. Nifty closed near the intraday low with over 2.5% losses.

Almost all the sectoral indices closed down in red.

Interest rate sensitive sector stocks like Bank, capital goods and realty stocks witnessed significant losses.

Sentiments have weakened considerably and further downside cannot be ruled out. Global developments related to Greece and US economy will continue to influence market sentiments.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Daily Market Commentary

2012-02-24T16:27:00.002+05:30

Nifty opened on a positive note on the first day of the March Derivative series. Positive overnight closings in the American markets aided in Nifty opening in green and inching upwards to trade past the 5500 level. However the uptrend was short lived as Nifty trimmed initial gains and slipped down into red. Initial losses were seen in heavyweight Reliance and banking stocks. Thereafter selling pressure intensified as the session progressed. Nifty not only breeched the 5500 level but also continued to slip down to near 5400 levels. Nifty erased more than 100 points intraday amid broad based selling. Sentiments turned adverse on international crude prices continuing to inch upwards without abating. Even the positive openings in European markets were unable to improve the market sentiments. Nifty touched intraday low of 5405.90 during the late afternoon trades and closed with over 1% losses.

Almost all the sectoral indices closed down in red.

IT stocks attracted buying interest even in the weak market. Reports of Positive economic data from the US market pertaining to housing sales and employment data strengthened the sentiments towards IT counters.
Banking and realty counters continued to drift downwards and ended with significant losses.

Market has been correcting for past three days after touching the high of 5629.95 levels on 22nd Feb. Nifty lost almost 200 points in a short span of period and the correction seems to be overdone. Technical recovery can be expected at lower levels of 5400-5375.Global developments related to Greece and US economy will continue to influence market sentiments.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

What Made Gold Break Out in January 2012?

2012-02-24T11:22:00.001+05:30

During the month of January 2012, Gold broke through heavy overhead resistance, as did silver, to look very positive for the days ahead. Many technical analysts and researcher didn't feel that gold had that kind of momentum as showed but then came the break. We can’t say that it was a struggling break; it was robust sweeping resistance aside as though it wasn't even there.

Fed's Announcement

It was the announcement from the Fed that interest rates would be held at current levels for another year more, through to the end of 2014. The superficial assumption is that the dollar will earn nothing, so riskier assets should outperform dollar deposits. That's true, The Fed pointed to long rates rising to above 4% over time, while inflation remained at 2% -and could fall further.

If long-term rates are going to rise while inflation is dropping and short-term rates are flat, it's more than likely that there will be a robust recovery. In those conditions it is more than likely that it is the dollar that will become suspect with dollar investors moving out of Treasuries. This could cause long-term rates to rise as they sell. The dollar would suffer in the process. What's of considerable importance is that a rise in long-term rates means that the Treasury markets will fall to reflect interest rate rises. Currently, long-term bonds are at very high prices, so a fall could prove particularly harmful to those markets as well as the broad economy -including housing at a time when that will hurt that struggling market even more.
It is difficult not to see a sad picture for both the dollar and other facets of the developed world economies going forward, despite the noble efforts of the Fed.

Factor which made Gold, Silver Rise beyond the Announcement

Investors who are aware that the U.S. gold market is not the hub of the gold market, must be asking why did the price jump in U.S. time? The sophisticated nature of the developed world market allows the U.S. trading markets to act like the waves on the sea shore and move prices quickly and dramatically. It takes the 24-hour market to smooth out the moves to reflect the true demand and supply picture. That's why London pulled back the gold price on Monday in Last week of January. But the jump of $65 after the announcement reflected short covering and new long positions being established in those markets. The jump through $1,700 has been held in position and looks like staying there now.

The gold market did feel that Chinese buying would stop when the Lunar New Year holiday started there, but this was not the case. Buying jumped heavily in China. The picture coming is that gold sales in the retail sector are more than 50% higher than last year confirming the tidal nature of this essentially one-way market. Now combine this with a stronger Indian Rupee, which has resuscitated Indian demand, and Asia demand greatly contributed to the leap in gold and silver prices.

What's also frequently overlooked is that both Chinese and Indian demand is oblivious to the trials and tribulations of the U.S. dollar. The Chinese see Yuan prices, Yuan inflation and the excellent performance of the gold price over the last few years in the Yuan, which Asia now firmly believes will continue on into the future. They're investing in a safe, proven investment, which is doing what savings should do. Deposits at banks are not. Stock Exchanges are too volatile and take too much knowledge for the unsophisticated Asian investor. And why should they go to all that trouble when they don't have to. Gold is doing the job they want, so why look elsewhere?

In the developed world where the Technical picture exerts such an influence, many investors are still sitting open-mouthed at the ease with which the gold price brushed aside resistance, which is now support. The Technical picture has become very positive. Of itself this will influence developed world investors contemplating precious metal. On the broad front, the developed world will not supplements global demand and selling will retreat. With demand and supply being as it is, this change of attitude could have a disproportionate effect. "

Over in the Europe especially , Greece's finance minister Evangelos Venizelos stated that the European Central Bank would need to take losses on its Greek government debt holdings if Greece is to achieve the goal of reducing its debt-to-GDP ratio to 120% by 2020.

Greece is yet to agree a deal with its private creditors over the size of losses they will take. The lack of a deal throws into doubt Greece's €130 billion second bailout, without which it will be unable to pay out on maturing bonds next month.

"Greece needs a new program, there's no question about that, but Greece must create the conditions for it.
Gold jewelers in India meantime the government to raise the duty drawback – the amount of duty exporters can claim back from the Department of Revenue – applicable to the gems and jewelry sector. The request from the Federation of Indian Exports Organizations follows the government's decision last month to increase duty on gold bullion imports and switch to an ad valorem tax, which takes the form of a percentage of value rather than a discrete amount by weight

Finally comes in a conclusion that long trend in the precious metals is still intact for the month ahead. And sharp fall would be a great deal for long position, although "Precious metals are enjoying some support from safe-haven demand as issues in the Euro zone once again weigh on investors seeing resistance for gold prices at $1768 per ounce and for the year target we are expecting $1950-$2100 per ounce a levels soon. Have a great investing……

Daily Market Commentary

2012-02-23T16:04:00.000+05:30

After witnessing sharp fall in the yesterday’s trading session, Nifty started the day with a cautious opening amid mixed global cues. Overnight negative closings in American markets weighted down the sentiments. US markets closed in red on lower than expected domestic home sales numbers for January’11 and weaker-than-estimated economic data from China and Europe. Nifty opened a tad higher than yesterday’s closing but immediately slipped lower in to red. Volatility associated with the derivative series expiry day was very much visible today. Market alternated between red and green territory during the morning session. As the session progressed, Nifty extended its losses and even slipped below the crucial 5500 level, touching the intraday low of 5460.80. Positive openings in European markets strengthened the sentiments during the late afternoon session and market rebounded from the lows. Nifty not only pared its day’s losses but also inched upwards into green to touch the intraday high of 5537.40.Session turned volatile during last half an hour of trade as Nifty again slipped into red. Nifty finally closed with almost 0.5% losses.

Realty stocks witnessed selling pressure.

Oil Marketing Companies like BPCL, HPCL and IOC closed up in green and witnessed decent gains on reports of likely increase in the prices of auto and cooking fuels after the ongoing assembly elections, i.e in March.

Global developments related to Greece and US economy will continue to influence market sentiments. Below 5500-5495, downside support exists at 5440-5430.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

FMPS / INTERVAL FUNDS IN OFFER AS ON 22 - FEBRUARY -2012

2012-02-22T17:28:00.001+05:30

Daily Market Commentary

2012-02-22T15:43:00.000+05:30

Nifty had a cautious opening amid mixed global cues. Nifty opened above 5600 level and touched the intraday high during the opening tick itself at 5629.95.Volatility associated with the penultimate day of derivative series expiry was very much visible today. Nifty opened in green but was unable to sustain at the higher levels and slipped into red during the morning session itself. Initial losses were seen in heavyweight SBI stock. Sentiments turned adverse for the SBI counter on reports that the bank has committed close to Rs 1200 crores to the problem stricken Kingfisher airlines. SBI continued to fall during the day and closed with over 7% losses. Nifty managed to pare some of the losses during the afternoon session; however negative opening in European markets again negated the sentiments. Nifty witnessed sharp fall during the last one hour of trading session as it touched the low of 5491.35. Nifty closed near the low of the day with more than 1.5% losses.

Most of the sectoral indices closed down in red.

Banking stocks witnessed selling pressure. Most of the Public sector banks were beaten down and closed in red with over 7% losses. Interest rate sensitive Realty stocks too were beaten down.

IT stocks recovered from yesterday’s losses and TCS and Infosys managed to close up with slight gains.TCS touched lifetime high of 1266.85 during the day.

Tomorrow being Feb derivative series expiry day, market is likely to witnessed increased volatility. Global developments related to Greece and US economy will continue to influence market sentiments. Bulls were caught on the back foot as Nifty corrected with almost 150 points intraday. Below 5500-5495, downside support exists at 5440-5430.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.
BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Commodity Call

2012-02-22T13:59:00.000+05:30

Watch, Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on CNBC Awaaz Commodity Call, 21 Feb 2012.

CNBC Awaaz Commodity Call

2012-02-21T18:28:00.000+05:30

Watch, Mr. Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on CNBC Awaaz Commodity Call, 16 Feb 2012.

CNBC Awaaz Sauda Aapka

2012-02-21T18:27:00.000+05:30

Watch, Puneet Kinra - Sr Technical Analyst (Equity Research)- Bonanza Portfolio on CNBC Awaaz Sauda Aapka, 21 Feb 2012.

Daily Market Commentary

2012-02-21T16:49:00.002+05:30

Market opened after an extended weekend on account of Maha Shivratri. Nifty opened on a neutral note on mixed Asian cues. After a neutral start, Nifty inched upwards amid cautious sentiments. Market men seemed apprehensive ahead of final Greece settlement package and procedure. Initial gains were seen in Reliance Ind and capital goods stocks. Sentiments turned for the better during the afternoon session on reports of euro-area finance ministers agreeing on a second bailout package for Greece. Other Asian markets too reversed early morning losses. After trading past 5600 levels for some time, Nifty pared some of the gains on profit taking. However positive trend in European markets (which have initially opened on a slightly negative note) and a smart rally in heavyweight Reliance counter led Nifty to again strengthen its uptrend. Nifty touched intraday high of 5621.50 during the second half of trading session. Session turned volatile during last one hour as profit taking resulted in Nifty closing slightly lower than its intraday high. Nifty closed with over 0.5% gains.

Realty stocks were in limelight today. Counters like HDIL and UNITECH closed with over 7% gains.

IT stocks were bit subdued as Rupee strengthened vis a vis Dollar leading to adverse sentiments towards these stocks.

This week, being Feb derivative series expiry week, market is likely to witnessed increased volatility. Global developments related to Greece and US economy will continue to influence market sentiments. Interest rate sensitive sectors have caught the fancy of the bulls and more upside can be expected in these sectors in anticipation of rate cuts in forthcoming policy meetings. More upside can be expected from current levels; however slight resistance exists at 5640-5650 levels.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Zee Business Mandi Live

2012-02-18T16:09:00.000+05:30

Watch, Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on Zee Business Mandi Live, 17 Feb 2012.

Daily Market Commentary

2012-02-17T16:27:00.000+05:30

Nifty had a gap up opening on favorable global cues. Higher closings in American markets overnight boasted the sentiments. US markets closed in green as the jobless claims slipped to a nearly four-year low and the outlook for Greece’s bailout improved. Nifty opened just few points short of 5600 level (touching highest level in 29 weeks) and continued to inch upwards during the morning session. Broad based rally enabled Nifty to trade past the 5600 levels during the early morning trades. Noticeable gains were witnessed in power generation stocks and IT stocks. Profit booking was witnessed near 5600 levels as Nifty slipped lower after touching the intraday high of 5606.70.Afternoon session saw trading in a narrow range. Market turned volatile in the late afternoon session as reports came in of German president resigning from his office. Albeit positive openings of European markets, Nifty slipped down and touched the intraday low of 5545.20.Profit booking dominated the last one hour of trading session. Nifty closed with gains of over 0.8%.

Cement stocks ended up with smart gains on reports of companies hiking rates of their products.

IT stocks attracted buying interest on better US economic data. Interest rate sensitive’s banks, Real Estate and Capital Goods stocks too closed in green with noticeable gains.

Global developments continue to make market highly volatile. Interest rate sensitive sectors have caught the fancy of the bulls and more upside can be expected in these sectors in anticipation of rate cuts in forthcoming policy meetings. Subsequent closings above 5500 level have made the short term trend of the Nifty bullish. More upside can be expected from current levels; however slight resistance exists at 5640-5650 levels.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Vayda Se Fayda

2012-02-16T18:10:00.002+05:30

Watch, Puneet Kinra – Sr. Technical Analyst (Equity Research) - Bonanza Portfolio on CNBC Awaaz Vayda Se Fayda, 16 Feb 2012.

Daily Market Commentary

2012-02-16T16:40:00.002+05:30

Market witnessed a subdued opening on weak global cues. After witnessing a smart rally yesterday, the opening today was bit subdued as the crude supply concern on account of Iran’s warning and mixed economic data from the US markets led to nervous sentiments across the globe. Nifty opened in red and continued to trade in negative territory for the whole day. Initial losses were seen in index heavyweight Reliance Industries stock, which declined over 3% during the day on reports of a likely decline in gas output from the company's KG-D6 oil block. Substantial decline was also witnessed in Coal India counter (around 6%) on reports of PMO directing the company to sign fuel supply agreements (FSAs) with power plants. Power companies like PFC and REC gained on the same news. Nifty continued to slide lower for better part of the day. It slipped below the crucial 5500 level during the afternoon session and touched the intraday low of 5483.75. Recovery was seen during the last one hour of trading session as Nifty pared almost all its losses. However weak openings in European markets hampered the recovery and Nifty closed down with slight losses of 0.3%.Midcap and small cap stocks outperformed the frontliners.

Power generation stocks like NTPC, PFC attracted buying interest and closed up with smart gains.

Metal counters witnessed selling pressure.

Global developments continue to make market highly volatile. Two consecutive closings above 5500 level have made the short term trend of the Nifty bullish. Downside support exists 5433-5450.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Daily Market Commentary

2012-02-15T16:04:00.002+05:30

Market witnessed good opening on favorable global cues. Greece committing to austerity measures improved sentiments across the globe. Nifty had a gap up opening above 5450 levels tracking positive trend in Asian peers. Market witnessed good buying interest from the onset and it traded past the 5500 level easily during the day. Momentum increased as the session progressed. Even as heavyweight Reliance counter reversed its initial gains of the morning session, Nifty continued to trade higher. Tata Motors counter attracted buying interest on reporting better Q3FY12 results. ONGC stock was very active today on reports of panel of ministers deciding on stake-sale in the company. Some profit booking was seen during the afternoon session; however positive openings in European markets further strengthened the sentiments. Nifty continued with its uptrend, touching intraday high of 5542.10, till the last few minutes of trading session. Nifty closed slightly lower than its intraday high with around 2% gains.

Almost all the sectoral indices closed in green.

Buying interest was seen in realty counters as they attracted bargain buying at lower levels.

Interest rate sensitive’s Bank and infrastructure stocks too ended up with smart gains.

Sentiments have improved considerably and the short term trend has definitely turned bullish. Key US economic data is expected in this week and hence market sentiments may get affected by global developments. Downside support exists 5433-5450.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Sauda Aapka

2012-02-14T18:24:00.002+05:30

Watch, Punit Kinra - Sr Technical Analyst , Bonanza Portfolio on CNBC Awaaz Sauda Aapka, 14 Feb., 2012.

ET Now Trading Calls

2012-02-14T17:24:00.002+05:30

Watch, Vibhu Ratandhara - Bonanza Commodity on ET Now Trading Calls, 09 Feb., 2012.

Daily Market Commentary

2012-02-14T16:43:00.002+05:30

Market opened on a subdued note tracking weak Asian peers. Sentiments turned jittery after international rating agencies Moody’s cut rating and outlook on 9 European Union countries. Nifty opened in red, below 5400 levels. Market recovered during the morning session itself as after a negative opening it inched upwards to trade in green. Momentum improved after the announcement of January inflation fig. Headline inflation for the month of January fell to 6.55% as compared to 7.47% in December 2011. The numbers were in-line with the widely expected number of 6.7% and market acknowledged the downward movement of prices by trading past the 5400 levels. Profit booking around the higher levels led Nifty to slip a little during the afternoon session. However the correction was short lived as buying momentum again picked up the pace as Nifty touched the intraday high of 5428 during the fag end of the trading session. In a choppy session, Nifty closed at the high of the day with over 0.5% gains.

Interest rate sensitive Banking and realty stocks attracted buying interest as the fall in headline inflation figures increased chances of RBI cutting interest rates in the coming policy meetings. SBI closed up with more than 3% gains.

Headline inflation came as per the market expectation and sentiments improved on the same. After the disappointing IIP numbers, a fall in inflation numbers came as a relief for the investors as well as Central Bank. Chances of RBI continuing with its dovish stance in forthcoming policy meeting in March have increased. Key US economic data is expected in this week and hence market sentiments may get affected by global developments. Downside support exists at 5320 and then 5260. Upside resistance exists at 5433-5450.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Daily Market Commentary

2012-02-13T15:56:00.000+05:30

Nifty had a cautious opening to the day, on mixed global cues. Nifty opened in green but immediately slipped down in the red after the opening tick. Initial gains were seen in index heavyweight Reliance Ind. on reports that the company has signed a pact with France's Dassault Aviation for partnering in the defense and homeland security sector in India. Another heavyweight SBI fell by more than 1% ahead of its Q3FY12 results declaration. Nifty witnessed choppy session as it traded between positive and negative territory during the morning session. Nifty touched the intraday day low of 5351.40 during the early afternoon session even as the sentiments remained jittery on Greece bailout package. Sentiments changed for the better thereafter on news of Greece parliament approving a package of harsh austerity measures to secure a second EU/IMF bailout and avoid bankruptcy. European markets too opened in positive. Nifty witnessed a smart recovery from the lower levels to not only pare its losses but also to trade past the crucial level of 5400. Profit booking during the last half an hour of trading session led Nifty to close below its day’s high and near previous closing. Nifty closed on a flat note.

PSU Banking stocks closed on a negative note. SBI declared its Q3FY12 results today and though profit grew, NPA’s too witnessed an increase.SBI closed down with over 2% losses.

IT stocks witnessed selling pressure ahead of key US growth data this week. Industrial production data for January and jobless claims will be declared this week in the US.

Global developments will continue to influence the market trend. Cautious approach is recommended as market has become highly volatile. On the domestic front, impending elections and the resultant anticipation of election winners will influence market sentiments. Downside support exists at 5320 and then 5260. Upside resistance exists at 5433-5450.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Daily Market Commentary

2012-02-10T15:54:00.000+05:30

Nifty had a cautious opening to the day, after witnessing a good round of buying during the fag end of the Thursday’s session. Market men were cautious ahead of crucial Dec’11 IIP no. announcement. Market hit intraday high during the opening trades itself as it briefly inched upwards after a muted opening. Nifty touched intraday high of 5427.75.Choppy session ensued as market alternated between positive and negative territory during the morning session waiting for the announcement of IIP numbers. Initial gains were seen in Auto companies. Sharp fall was witnessed after Dec IIP came at 1.8% in December 2011 as compared to 8.1% in December 2010. The dampening in growth came from mining, capital goods and manufacturing which grew at (-3.7%), 1.8% and (-16.5%) respectively year-on-year (y-o-y). Selling pressure was seen for most part of the afternoon session as disappointing news came from Euro region as well. News reports came of European finance ministers holding back a rescue package for Greece. Both disappointing IIP numbers coupled with pessimistic Euro region news led Nifty to hit intraday low of 5341.05.European markets too opened in red tracking the nervous sentiments. Short covering near the last hour of trading session enabled Nifty to recover some of the lost ground and inch up to close above day’s low with loss of 0.7%.

Realty stock witnessed selling pressure after recent uptrend.

Capital goods felt the brunt of the sellers as lower IIP numbers negated the sentiments towards these stocks. Cement counters too felt the heat.

After yesterday’s strong closing, Nifty today disappointed bulls with a bearish trend. Disappointing IIP numbers played spoilsport for the bulls as even the global cues adversely affected the sentiments. Cautious approach is recommended as market has become highly volatile. Amicable solution to the Greece debt problem will act as a positive trigger for the global markets. On the domestic front, impending elections and the resultant anticipation of election winners will influence market sentiments. Downside support exists at 5320 and then 5260.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Daily Market Commentary

2012-02-09T17:03:00.002+05:30

Market had a soft start to the day as the Asian peers were trading in red during the opening session. Nifty opened below 5350 levels and in a choppy fashion traded in a tight range of 20-30 points for the better part of the day. Jittery sentiments were seen in metal stocks like HINDALCO and TATA steel ahead of their result announcement. Selling pressure was also seen in IT stocks as they slipped lower after the main industry body- the National Association of Software and Services Companies (NASSCOM) stated yesterday that the pace of export revenue growth of the IT sector is likely to moderate in FY13 due to continued global economic uncertainty. Sudden buying momentum was seen during the afternoon session as positive openings in European markets aided the sentiments. Across the board buying enabled market to not only pass in to green territory but also to surpass the crucial 5400 levels. Nifty closed above the crucial level of 5400 with over 0.9% gains.

Almost all the sectoral indices closed up in green.

Banking stocks attracted buying interest.
.
Nifty has given a closing above 5400 levels after many trading session. The short term trend has turned positive. Global developments will continue to play crucial role in sentiment preparation. Cautious approach is recommended as market has become highly volatile. On the domestic front, impending elections and the resultant anticipation of election winners will influence market sentiments. Downside support exists at 5320 and then 5260.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

ET Now Business Day

2012-02-09T13:34:00.002+05:30

Watch, Vibhu Ratandhara - Bonanza on ET Now Business Day, 08 Feb 2012.

Daily Market Commentary

2012-02-08T16:33:00.000+05:30

Market had a positive opening in line with the global peers. US markets closed higher overnight as Greece’s government seemed to have made progress on efforts to secure international aid. Asian peers trading in positive also aided the sentiments. Nifty gained momentum during the morning session as it inched upwards to gain more than 80 points. Initial gains were seen in IT stocks which rose on positive labour data in the US and Realty stocks. Bharti Airtel fell nearly 4% on poor Q3 results. Range bound session followed during the afternoon before a positive openings in European markets further encouraged buying momentum. Nifty touched intraday high of 5396.90, falling shy of the crucial 5400 levels. As expected, Profit booking at higher levels promptly followed suit as Nifty slipped sharply downwards after touching the high. In a highly volatile session, Nifty fell below yesterday’s closing to trade briefly in red and then bounced back smartly to close with over 0.5% gains.

Realty stocks attracted buying interest.

Sugar stocks ended with decent gains after the government announced allowing the export of more sugar and non-basmati rice.

Banking stocks were bit subdued today.

After witnessing uninterrupted rally for last couple of days, a bout of profit booking at higher levels near 5400 was expected. Global developments will continue to play crucial role in sentiment preparation. Cautious approach is recommended as market has become highly volatile. On the domestic front, impending elections and the resultant anticipation of election winners will influence market sentiments. Downside support exists at 5320, 5260 and then 5220.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

ET Now Scroll

2012-02-08T10:56:00.002+05:30

ET Now Scroll, 07 Feb 2012, 60sec, Bonanza Zinc MCX.

Zee Business Mandi Live

2012-02-08T10:19:00.000+05:30

Watch, Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on Zee Business Mandi Live, 06 Feb 2012.

Daily Market Commentary

2012-02-07T16:13:00.000+05:30

Market resumed its yesterday’s rally as it witnessed another day of positive opening. However the momentum was bit subdued as global cues were mixed to negative. It was a highly volatile day for the markets. US markets had negative closings overnight after Greek leaders and international agencies failed to meet the deadline for the debt restructuring and the conditions for the future bailouts.

Nifty hit the intraday high of 5413.35 in the opening tick itself before finally settling around the 5365-5380 levels. Market rallied up again to around 5400 levels during the late morning session as the gains of over 1% in Nifty heavyweight Reliance stock aided the rally. However the advance GDP numbers of sub 7% fig for FY12 acted as a dampener for the sentiments. The CSO's GDP growth projection of 6.9% for FY12 came a tad lower than the 7% forecast made by the RBI recently and hurt the market sentiments. Consequently Nifty inched lower and trimmed some of the gains to trade around 5365 levels but still above yesterday’s closing. Positive openings in European markets improved sentiments in the afternoon session as Nifty recovered some of the lost ground. Volatility was quite high as market witnessed another round of profit booking near the last one hour of the trading session. Nifty slipped into the red and made intraday low of 5322.95 during the fag end of the session. European markets too slipped down into red further negating the sentiments. Nifty closed with over 0.5% losses.

Almost all the sectoral indices closed in red.

Realty and capital goods stock witnessed profit booking and closed in red after last couple of day’s rally.

Aviation stocks like kingfisher and jet Airways were in the limelight today as Got Okays direct import of aviation fuel.

After witnessing uninterrupted rally for last couple of days, a bout of profit booking at higher levels near 5400 was expected. Global developments will continue to play crucial role in sentiment preparation. Cautious approach is recommended as market has become highly volatile. Downside support exists at 5320, 5260 and then 5220.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Commodity Update

2012-02-07T13:14:00.002+05:30

Watch, Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on CNBC Awaaz Commodity Update, 06 Feb., 2012.

CNBC Awaaz Sauda Aapka

2012-02-07T12:05:00.000+05:30

Watch, Puneet Kinra - Sr Technical Analyst (Equity Research)- Bonanza Portfolio on CNBC Awaaz Sauda Aapka, 06 Feb 2012.

Daily Market Commentary

2012-02-06T15:53:00.000+05:30

Market had a gap up opening on the back of favorable cues from both global as well as domestic events. US markets closed up on Friday night as a result of better than expected jobs data. Sentiments also improved after Trial court on Saturday dismissed a plea to probe Union Home Minister P Chidambaram's involvement in the 2G spectrum allocation scam. Nifty opened near 5390, making the high of the day and immediately pared some of the gains settling near 5370-5380 levels. Initial gains were seen in Realty stocks and heavyweight Reliance counter. Nifty traded in a range for a while, before a bout of profit booking led markets to slip down during the afternoon session. Choppy session ensued with Nifty witnessing slight recovery. However, weak openings in European markets again negated the sentiments with Nifty slipping once more to touch the intraday low of 5327.25 levels. Value buying in last half an hour of trading session enabled market to inch upwards and closed with over 1.5% gains.

Cement stocks witnessed smart rally for yet another day after strong January 2012 dispatches data. Cement major stocks like Ambuja Cements, UltraTech and ACC closed up with handsome gains. Realty stocks too attracted buying interest.

IT stocks closed up in green on positive economic data in the US.

As expected we did witness major gains today in Nifty as the trend has turned bullish. Favorable global cues coupled with supportive domestic developments strengthened the sentiments for the better. However cautious approach is recommended as global developments will continue to influence the sentiments, thereby making the markets highly volatile. Upside resistance is placed at 5375-5400 levels.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Daily Market Commentary

2012-02-03T17:14:00.002+05:30

Markets had a soft to cautious start to the day in the aftermath of the jittery sentiments caused by the Supreme Court verdict on 2G scam case. Furthermore mixed cues from the US markets led to a nervous start to the day’s trading session. Nifty alternated between positive and negative territory during the early morning session as it touched the intraday low of 5255.55. Initial losses were seen in Metal stocks as they fell on weak sentiments after prices fell in LME. Recovery was witnessed during the afternoon session as Nifty inched upwards in to green. Lackluster trading session followed even as sentiments improved on reports that the services sector grew at its fastest pace in six months in January 2012. Sudden buying emerged in the market during late afternoon as Nifty shot past the 5300 levels and traded higher for the rest of the session. Broad based buying was witnessed across the sectors as Nifty closed near the high of the day. Heavyweight counter Reliance recovered from the negative territory into green amid increased volumes and closed up with more than 1% gains.

Almost all the sectoral indices closed up in green.

FMCG stocks attracted buying interest .Banking stocks too closed up with decent gains.

Metal stocks witnessed selling pressure. Auto 2-3 wheelers witnessed profit booking and closed down in red.

As the trend turned bullish, Nifty witnessed smart gains today. More upside can be expected in coming days, however since some important announcement are expected in the US markets pertaining to employment data on Friday night, cautious approach is recommended. Global developments will continue to influence the sentiments, thereby making the markets highly volatile. The levels of 5220-5210 will now act as support on the downside. Small resistance is placed at 5365-5375.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

FMPS / INTERVAL FUNDS IN OFFER AS ON 02 - FEBRUARY -2012

2012-02-02T18:21:00.000+05:30

Daily Market Commentary

2012-02-02T16:43:00.000+05:30

Nifty had a gap up opening on positive global cues. Initial gains were witnessed in heavyweight Reliance counter and auto stocks. Auto stocks were active today as most of the major companies reported better sales figure for the Jan month. During the morning session Nifty edged higher amid cautious sentiments as Supreme Court was expected to announce its decision on the issues relating to the 2G case, including Home Minister P. Chidambaram’s alleged role in the scam. Nifty touched the intraday high of 5289.95 during the early morning session itself. As the decision was announced by the apex court cancelling the 2G licenses allocation, market turned extremely volatile. Nifty slipped almost 70 points on the announcement as sentiments turned cautious. Telecom stocks witnessed selling pressure thereafter. However, as expected, the level of 5225-5220 provided good support for the market and Nifty bounced back from the low of 5225.75 to again trade in green, regaining all its morning gains. The session was choppy afterwards. Nifty closed with gains of over 0.5%.

IT stocks attracted buying interest amid positive economic data from the US and better than expected results of Mahindra Satyam and Hexaware.

The short term trend has definitely turned bullish. However, global developments will continue to influence the sentiments, thereby making the markets highly volatile. The levels of 5220-5210 will now act as support on the downside.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Your Money

2012-02-02T12:02:00.000+05:30

Watch, Rajesh Tanna - AVP-Mutual Funds - Bonanza Portfolio on CNBC Awaaz Your Money, 01 Feb 2012, 20min 05sec.

Daily Market Commentary

2012-02-01T15:54:00.000+05:30

Nifty opened on a slightly subdued note on the first day of the new month. On the back of the mixed cues from the US markets, Nifty opened in red and continued to trade in a lackluster fashion during the morning session. Nifty edged lower amid selling witnessed in IT stocks. Sentiments turned negative for the sector after yesterday’s weak economic data in the US economy. Reliance counter was active as the company’s buyback plan starts from today. After trading in a narrow range, Nifty slipped down and touched the intraday low of 5159 during the early afternoon session. Smart rally was witnessed on the bourses thereafter as Nifty inched upwards to not only pare all its losses but also trade past the 5200 levels into green. Firm openings in European markets aided in improving the sentiments as Nifty touched the high of 5244.60 during the last half an hour of trading session. Nifty managed to close on a strong note almost at its intraday high.

Metal stocks attracted buying interest.

Auto stocks were in the limelight today as companies came out with their January month sales figures. Most of the companies ended up with decent gains of over 2%.

Banking and IT stocks were bit subdued.

With a strong closing today the short term trend has become bullish. However, global developments will continue to influence the sentiments making the markets highly volatile. The levels of 5220-5210 will now act as support on the downside.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Commodity Call

2012-02-01T11:23:00.000+05:30

Watch, Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on CNBC Awaaz Commodity Call, 31 Jan 2012.

Daily Market Commentary

2012-01-31T16:06:00.002+05:30

Nifty had a gap up opening on favorable Asian cues. Market opened above the psychological support level of 5100 and was able to trade above this level for the entire day. Early gains were seen in Reliance Ind as its buyback plan will kick start from tomorrow and PSU banking major SBI. Sentiments improved for the banking counter after Centre approved capital infusion of Rs 7900 crores by way of preferential allotment of shares. Nifty traded in a narrow range albeit with a positive bias during the morning session. Buying momentum picked up during the afternoon session as banking majors ICICI and PNB bank came out with better than expected set of numbers. Thereafter Banking counters led the rally. Positive openings in European markets further aided the uptrend during the second half of the trading session. Comments by Mr kaushik Basu on India’s growth potential of 8.6% and worst being over for the domestic economy fuelled the rally during the fag end of the trading session. Nifty closed near the day’s high with over 2% gains.

Banking and realty stocks were in the limelight today.

IT stocks too ended up with decent gains.

Global developments as well as domestic cues relating to Q3FY12 results outcome will continue to influence the market trend. Upside resistance exist at 5220-5225 and on the downside 5050 and then 4950-4940 will act as major support levels for the short term.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Sauda Aapka

2012-01-31T11:37:00.002+05:30

Watch, Mr. Puneet Kinra - Sr Technical Analyst (Equity Research)- Bonanza Portfolio on CNBC Awaaz Sauda Aapka, 30 Jan 2012.

FMPs Express as on 30th Jan 2012

2012-01-30T19:08:00.000+05:30

Daily Market Commentary

2012-01-30T15:38:00.002+05:30

As expected, the bourses witnessed a day of profit booking with indices losing more than 2% intraday, slipping below crucial support levels. Nifty had a gap down opening on weak global cues. Market opened below psychological support level of 5200 and continued to drift downwards as the session progressed. Initial selling pressure was seen in capital goods stocks like BHEL and L&T. BHEL witnessed cut of more than 9% during the session as company came out with Q3FY12 results on Friday reflecting decline in operating profit margin. NTPC too followed suit on below expected results outcome.

Nifty after a weak opening continued to slide downwards as most of the heavyweight counters like Reliance, L&T, BHEL and M&M experienced selling pressure. There was a brief pause in the morning session, which saw Nifty trade in a range; however across the board selling resumed in the second half leading Nifty to trade below 5100 levels. A weak opening in European markets intensified the selling pressure. Nifty closed near the day’s low with over 2.4% losses.

Almost all the sectoral indices closed down in negative.

Capital goods and infrastructure sector stocks were beaten down. Most of the stocks closed down with more than 4% cuts.

Metal and realty stocks too ended lower with substantial losses.

As expected indices witnessed profit booking at higher levels amid weak global cues. Global developments as well as domestic cues relating to Q3FY12 results outcome will continue to influence the market trend. On downside 5050 and then 4950-4940 will act as major support levels for the short term.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

FMPS / INTERVAL FUNDS IN OFFER AS ON 27 - JANUARY -2012

2012-01-27T19:32:00.002+05:30

Daily Market Commentary

2012-01-27T15:56:00.002+05:30

It was another day of bullish opening for the markets as positive trend in Asian peers got mirrored in the gap up opening of the domestic bourses. Indian bourses followed the gains in the global indices after a day’s holiday on account of republic day. Global sentiments improved after US Federal Reserve pledge to keep US interest rates at ultra-low levels until late 2014. Moreover hopes of some headway in the Greece debt negotiations further strengthened the sentiments.

Nifty opened above psychological level of 5200, but quickly inched lower to sub 5200 levels. Initial buying was witnessed in metal stocks as LMEX, a gauge of six metals traded on the London Metal Exchange, gained 2.36% on 26th January. IT stocks too attracted buying interest on the optimism of US economy on growth track. However market easily relinquished the 5200 levels as market trimmed some of the early gains amid subdued trading. Nifty touched the intraday low of 5162.40 levels, before bouncing back smartly from the lows to inch higher. Nifty was ably supported by smart gains in heavyweight Reliance Industries counter as it gained over 3% during the day. Sentiments further improved during the afternoon session on reports of weekly food inflation again coming in the negative territory. Inflation for the week ended January 14, 2012 moderated to -1.03 from its previous levels of -0.42% for the week ended January 7. Thereafter Nifty continued to inch upwards as the session progressed. Nifty again managed to trade past the 5200 levels during the last half an hour of the session and closed near the highs with almost 1% gains.

Sugar stocks closed up with substantial gains.

Apart from metal stocks, Auto counters too attracted buying interest.

PSU banking and Realty stocks witnessed selling pressure.

Nifty has gained more than 10% in a short duration of a month’s time. RBI's move has helped in bolstering the confidence in Indian equities, further aiding the uptrend. However, after the recent gains, profit booking at higher levels of 5200-5220 cannot be ruled out. On downside 5050 and then 4950-4940 will act as major support levels for the short term.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Dollar’s Rally, a Flight to Safety

2012-01-27T13:37:00.004+05:30

CNBC Awaaz Sauda Aapka

2012-01-25T18:15:00.000+05:30

ET Now Scroll, 25 Jan 2012, 60sec, Bonanza Sell Call on Silver MCX.

Daily Market Commentary

2012-01-25T15:50:00.002+05:30

Market continued with their bullish momentum for yet another day. After gaining smartly yesterday on the back of CRR cut by RBI to increase liquidity in to the system, bourses extended their gains by almost 1% on derivative series expiry and supportive global cues. Data indicating FII buying in last couple of sessions further improved the sentiments.

Nifty had a gap up opening in line with Asian peers even as US markets had mixed closing overnight on concerns of Greek relief package. Initial gains were witnessed in metal counters as they attracted buying interest in reaction to gains in LMEX, a gauge of six metals traded on the London Metal Exchange. Sentiments improved for IT stocks too as US technology company Apple Inc came out with better than expected results. Despite a strong opening, early morning session witnessed profit booking as Nifty pared some of the initial gains. The volatility associated with the derivative series expiry was very much into play as market bounced back smartly from the intraday low of 5130.25.Nifty thereafter continued to inch upwards amid alternate bouts of profit booking. Choppy session ensued as Nifty touched intraday high of 5174.15 during the latter part of the trading session. Profit booking during the fag end of the session led Nifty to close slightly below the intraday high but with gains of over 0.40%. Midcap and small cap stocks outperformed the frontliners today.

Media stocks attracted buying interest.

Overnight weakness in international crude prices led to smart gains in Oil Marketing Companies (OMC’s) stocks like BPCL and HPCL.

Nifty has gained more than 10% in the month of January from the lows of 4640 levels to the today’s closing of 5152.90 levels. RBI's move has helped in bolstering the confidence in Indian equities, further aiding the uptrend. However, after the recent gains, profit booking at higher levels of 5180-5210 cannot be ruled out. This being a shortened week, on account of holiday on Thursday’ Jan 26, market will look for overseas cues on Friday. On downside 4950-4940 has become a major support level for the short term.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Sauda Aapka

2012-01-25T14:19:00.000+05:30

Watch, Punit Kinra - Bonanza Portfolio on CNBC Awaaz Sauda Aapka, 23 Jan 2012, 27min 33sec.

CNBC Awaaz Commodity Call

2012-01-25T11:23:00.000+05:30

Watch, Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on CNBC Awaaz Commodity Call, 24 Jan 2012.

Daily Market Commentary

2012-01-24T16:34:00.002+05:30

Nifty opened with an upside gap to edge higher to hit highest level in nearly seven weeks on the back of firm global markets. While trading in a narrow range of 15-20 points for the initial hour of trade, Market was eagerly waiting for the outcome of monetary policy with the hopes of getting some positive moves from the end of RBI. With a switch of its focus on reviving growth from fighting inflation, RBI cut the CRR with 50 bps points in a move to ease the liquidity crunch of the economy. Markets welcomed the decision and soon turned its momentum toward upwards taking Nifty above 5100 mark. Moreover another statement by RBI further boosted the sentiment that the reduction in CRR can also be viewed as a reinforcement of the guidance that future rate actions will be towards lowering interest rates. However it trimmed some of its gains on the back of subdued opening of European market but soon regained its strength and continued to trade with upward bias touching the high of 5141. After witnessing some profit booking in the last half an hour of the trading session, Nifty finally closed the day above the psychological mark of 5100 at 5114 with gains of over 1.3%.

Interest rate sensitive banking stocks and infrastructure stocks rallied after the RBI’s move of CRR cut.

Capital goods major attracted buying interest after better than expected results from LT.

IT stocks rose on recent slew of positive economic data in the US, the biggest outsourcing market for the Indian IT firms.

RBI's move boosted the confidence of Indian equities, helping the Nifty to close above the 5100 level along with good amount of volumes today. Tomorrow being the expiry of F&O contract of January month, high volatility will prevail throughout the session. Moreover it is a shortened week on account of holiday on Thursday’ Jan 26. Technically Nifty has conquered 5100 mark successfully but faced resistance at 5150 level. Above 5150, Nifty next resistance is placed at 5245-50. On downside 4950 has become a major support level for the short term.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Daily Market Commentary

2012-01-23T15:36:00.002+05:30

After a weak opening, Nifty continued to trade in a narrow range of 15-20 points for the initial hour of the day. Index heavyweights Reliance Industries, which slumped nearly 4% after poor Q3 results and L&T slipped ahead of its quarter numbers capped the Nifty from going upwards while Banks and FMCG played as support for the markets. Nifty swung between the positive and negative territory throughout the day. In the mid session of the day, Market trimmed its gains after hitting fresh intraday high. India's largest engineering and construction firm by order book L&T gained after good Q3 results while Car major Maruti Suzuki India shrugged off weak Q3 results. It turned out to be a highly volatile session for the bourses ahead of an eventful but shortened week. Nifty finally closed the day with marginal loss of 0.13% at 5042.

Capital goods major attracted buying interest after better than expected results from LT.

IT stocks rose on positive economic data in the US, the biggest outsourcing market for the Indian IT firms

Interest rate sensitive banking stocks rose ahead of monetary policy tomorrow on expectations of CRR cut and cut in interest rates in the coming months to prop up slowing economy.

This week will be eventful as well as volatile for the markets with Monetary Policy on 24th and F&O expiry on 25th will provide the next trigger for the market. Moreover coming it is a shortened week on account of holiday on Thursday’ Jan 26.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Daily Market Commenatry

2012-01-20T15:41:00.000+05:30

Nifty opened with a positive gap on supportive overseas cues. The much anticipated US Jobs and consumer price data came in favorably and the resultant overnight gains in US markets got reflected in the gap up opening in the Asian peers.

Nifty opened up and extended its gains during the morning session. Both Sensex and Nifty hit their highest level in more than 6 weeks during the day. Wipro rallied more than 3% on reporting better than expected Q3FY12 results. Profit booking was witnessed near the highs as Nifty slipped into red during the afternoon session. Nifty drifted down amid profit booking and weak European cues before witnessing sharp up move during the last half an hour of the session. ITC slipped down from the high’s after reporting better Q3FY12 results. It turned out to be a highly volatile session for the bourses ahead of an eventful but shortened next week. Nifty witnessed sharp rise in last few minutes to not only pare its losses but also make intraday high of 5064.15.

Metal stocks continued to attract buying interest for yet another day as chances of monetary easing in China increased after the economic data indicated country’s manufacturing gauge probably remained in contraction mode in current month.

Banking stocks too gained smartly on better than an expected result of HDFC bank declared yesterday and Axis bank’s declared today.

FMCG counters witnessed selling pressure and closed in negative territory.

Next week will be eventful as well as volatile for the markets since Reliance results will be declared after the market hours on Friday, influencing Monday’s trading sentiments. Moreover coming week will be a shortened week on account of holiday on Thursday’ Jan 26. Monetary Policy on 24th and F&O expiry on 25th will provide the next trigger for the market.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

2011 Lessons for Investors: Old Wisdom, New Means

2012-01-20T11:29:00.002+05:30

The year 2011 has been action-packed for most investor classes. In the year we saw a spate of regulatory changes, market ups and downs, surprise performances from certain asset classes, unprecedented currency depreciation and sudden reversal of flows from emerging market’s fair weather friends – FIIs. While the experience of the year would be summarized as “traumatizing” by most investors, the year has in a way taught some very imperative lessons to the investors who were driven market euphoria and had shuffled their asset allocation altogether.

Gold is irreplaceable

After losing out on equities in 2008, investors didn’t lag behind while investing in equities in 2009-10. There were many investors that had also redeemed from other asset classes, even sold gold ETFs to buy into equities. Later on from late 2010, markets started witnessing a free fall and most investors regretted their earlier decision to shift all allocation of gold to equities when gold rushed more than 30 - 40% in the year. Undoubtedly the performance of the asset is all together a different point, its unique attributes of being a hedge against inflation and being a store of value justifies its place in every portfolio and thus one should ideally not disturb its allocation in the portfolio unless its unavoidable.

SIPs are meant to make investments simple

SIP is a way to invest in the market without worrying about timing the market and avoiding all the market noise and human emotions. However, some investors have been trying to time their SIPs too. During the year, I have noticed investors complaining about negative or zero returns from the funds over 1-3 years and thus redeeming from the SIP investments. “We can always invest when the market bottoms” is the most standard answer. It is time to dust the memoirs of 2009 when the market rallied rampantly triggered by the UPA win and most investors were left scathed on the sidelines as they had booked SIP losses in early 2009. Thus one should steer clear of the complexities involved in timing the SIPs and focus on just choosing the right fund and investing regularly. Simple!

Regular Income & Liquidity is important too

In 2010-11, India growth story, which was somewhat immune from the 2008 crisis, started showing signs of moderation. RBI resorted to rate hikes and so followed our banks. While debt investments were shunned by most investors due to negative to flat returns by income and short term funds, FMPs outshined during the time. FMPs looked lucrative due to high yields offered by market CPs and CDs. Investors were seen redeeming from the income funds and breaking FDs just to invest into FMPs. Undoubtedly it’s a fair idea, however not at the cost of exit loads charged by income funds and that too at a time when the RBI is expected to cut rates in a quarter – a move that could hugely benefit debt funds. The investments should have ideally come from maturing investments or idle cash if available. It’s also recommended that one keeps up to 5% of their portfolio into cash / liquid funds so as to benefit from opportunities available and to meet any unseen expenses. This way one will not even disturb its current asset allocation nor will he have to resort to book losses to catch hold of some other opportunity.

From the events in 2011, its worth to note that that each asset class has its own place in a portfolio and so does debt, gold and cash. While there may be short term blips in performance, over the long term debt funds provide stability to the portfolio and a defensive shield through regular income. Gold can provide excellent shield to one’s portfolio through its low correlation to other assets. Stick to your asset allocation and do not get driven by market euphoria. Prices are to change, traits are to stay!

CNBC Awaaz Vayda Se Fayda

2012-01-19T18:05:00.002+05:30

Watch, Puneet Kinra - Sr Technical Analyst (Equity Research)- Bonanza Portfolio on CNBC Awaaz Vayda Se Fayda, 19 Jan 2012.

Daily Market Commentary

2012-01-19T16:21:00.000+05:30

Nifty had a good gap up opening on positive global cues. Markets across the globe were buoyed by positive sentiments on better than expected results outcome of US companies and positive signal from IMF that it is likely to increase its funds for the countries in financial crisis.

Nifty had a gap up opening near the crucial 5000 levels and amid range bound trading maintained the positive momentum throughout the day. Banking and metal stocks witnessed buying interest in the market today Index heavyweight Reliance extended its yesterday’s rally by around 1%. Market witnessed alternate bouts of profit booking amid news of weekly food inflation, coming again in the negative zone for the week ended January 7 to -0.42% from its previous levels of -2.90% for the week ended December 31. Positive openings in European markets further strengthened the sentiments during the late afternoon session. Nifty closed with over 1% gains.

Bajaj Auto was highly volatile today as company declared its Q3FY12 results. Company reported strong set of numbers and recovered fully into positive territory after initially witnessing selling pressure.

Interest rate sensitive sector stocks like Bank, realty and capital goods stocks attracted buying interest.

IT counters were bit subdued today.

Nifty was able to hold on to the initial gains today. Food inflation coming in the negative territory again supported the positive sentiments. Chances of RBI easing its stance in the upcoming 24th Jan monetary policy meeting have increased. Friday’s session will be influenced by result outcome of ITC, Axis bank and Reliance Ind. Overnight cues from the US market, after important announcements pertaining to jobs and housing data will also affect the market sentiments.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Daily Market Commentary

2012-01-18T15:47:00.002+05:30

Nifty had a flat to cautious opening today after witnessing smart gains yesterday on the back of better than expected China’s GDP growth rate in Q4CY11. The mood was somber for the entire market even as index heavyweight Reliance gained more than 3% during the initial trading session after the company announced that it will consider and approve on 20 January 2012 a proposal for its equity shares buyback. IT stocks witnessed selling pressure from the onset of the session as sentiments got adversely affected by TCS’s management cautious comments at the release of Q3FY12 results outcome. TCS slipped around 3% even when the company's Q3 results came in line with market expectations. Nifty pared some of the losses during the morning session amid choppy trading, even managing to trade in green for a while. The recovery was short lived as a sudden bout of selling led Nifty to slip into the red.
Market continued to trade under pressure for major part of the afternoon session. Nifty touched the low of 4931.05 on reports of international agency Fitch downgrading the GDP forecast of India for both FY12 and FY13.Short covering during the last one hour of trade led Nifty to recover some of the lost ground but the recovery was not substantial as Nifty continued to remain in the negative territory. Nifty closed with losses of over 0.4%.

IT stocks closed in red amid negative sentiments on cautious result commentary by TCS management. Rupee gained in the forex market further adding to the woes of the software counters.

Reliance closed up with over 4% gains. Realty counters witnessed bargain buying at lower levels.

Capital goods stock witnessed selling pressure as slowing economic growth will lead to lesser order flows for the companies in the said sector.

After witnessing smart rally for last couple of days, Nifty erased some of the gains amid profit booking. Thursday’s session will be influenced by result outcome of Bajaj auto and HDFC bank. Global developments pertaining to US economic data of jobless claims and housing and inflation data will also influence markets sentiments. Downside support exist at 4900-4870 and then 4830/4840.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Commodity Call

2012-01-18T12:20:00.002+05:30

Watch, Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on CNBC Awaaz Commodity Call, 17 Jan 2012.

FMPs Express as on 17th Jan 2012

2012-01-17T16:59:00.000+05:30

Daily Market Commentary

2012-01-17T16:12:00.002+05:30

Nifty had a gap up opening on supportive cues from the Asian peers. US markets was closed overnight, hence positive openings in Asian counterparts acted as a trigger for the market. Better than expected Q4CY11, China’s GDP numbers helped in improving the sentiments. Against the expectation of 8.7%, China’s GDP growth recorded 8.9% growth on YoY basis. Nifty opened above 4900 levels and maintained the positive momentum all throughout the day. Strong opening was followed by good buying witnessed in heavyweight Reliance counter and metal stocks.

IT stock, HCL tech announced its quarterly results during the trading session and its better than market expected results generated buying interest in IT stocks. Most of the IT stocks closed up with decent gains. HCL tech on its part gained more than 5% during the day. Nifty continued to inch upwards supported by broad based buying. Positive openings in European markets further aided the uptrend as Nifty gained more than 70 points during the day. After trending up for major part of the day, Nifty lost momentum during the fag end of the session as it traded in a narrow range in last one and half hour session. Market closed just below the intraday high with more than 1.5% gains.

Metal stocks were in the limelight on better-than-expected Chinese GDP growth number.

Reliance gained more than 3.5% during the day. Maruti Suzuki jumped up almost 10% on news of the company hiking its product (car) prices.

Better than expected China’s GDP numbers coupled with good results from the IT major- HCL tech improved the sentiments today on the bourses. TCS results will be declared after the market hours on Tuesday and hence Wednesday’s session will be influenced by TCS result outcome along with Wipro’s results. Reliance results on 20th Jan and other important results of Hero Motocorp, Bajaj auto, ITC and Axis bank during the week are likely to provide the next trigger for the market.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

“BONANZA BUILDTECH”

2012-01-17T12:39:00.003+05:30

Good News!!! Good News!!! Good News!!!

We are pleased to announce that, Bonanza group has now ventured into Real Estate Broking under the name “BONANZA BUILDTECH”

Introduction to the Company:

“BONANZA BUILDTECH” specializes in providing liaison and consultancy services for Commercial Offices, industrial plots / sheds, and property for self-use, investments in Mumbai, Navi Mumbai & Thane.

Beginning with the conception of an idea to the execution of transaction, we provide comprehensive property solutions.
We save precious time of our clients by negotiating the best possible deal on their behalf for buy, sale and lease of their properties.

Our main aim is to provide quality Real Estate Broking services to Individuals, Embassies, MNCs, NRIs, Corporate, etc. in leasing / acquiring properties in Mumbai, Navi Mumbai & Thane.

Services:
• Real Estate broking services.
• Valuation and advisory services.
• Assistance in preparation of real estate documents.

To know more, please visit: http://www.bonanzaproperties.com/
Or Connect with: Reena – 9022678438

CNBC Awaaz Sauda Aapka

2012-01-16T17:38:00.000+05:30

Watch, Puneet Kinra - Sr Technical Analyst (Equity Research)- Bonanza Portfolio on CNBC Awaaz Sauda Aapka, 16 Jan 2012.

Daily Market Commentary

2012-01-16T15:38:00.000+05:30

Nifty had a gap down opening on weak oversees cues as S&P cut down the ratings of couple of European nations. Apart from weak global cues, sentiments were also subdued as market men were cautious ahead of the Dec WPI inflation data. Nifty continued to drift downwards and touched the intraday low of 4827.05 during the early morning session. Selling pressure on heavyweight Reliance counter, aided the bearish sentiments. Range bound session ensued till the inflation fig came out as per market expectation. WPI December inflation came at 7.47%, below dreaded 9% level and much to the relief of central bank. The figure was comforting as compared to the Nov inflation fig of 9.11%. Market accepted the outcome positively as some recovery was witnessed thereafter amid choppy trading. Market inched upwards led by IT counters, supported by weak Rupee.
It was a choppy session for the market as amid selective buying, pressure was seen in interest sensitive sectors like banking and realty. Nifty managed to pare its losses and inch upwards into positive territory during the afternoon session. Nifty closed near the high of the day with slight gains.

Private banking stocks witnessed selling pressure along with Realty counters.

IT stocks ended up with decent gains of more than 2%.Infosys too recovered smartly after its recent beating on the bourses. Weaker Rupee aided in improving the sentiments for the counters.

After witnessing positive momentum last week, today the start was bit muted for the markets. Global headwinds coupled with uncertain Q3FY12 results outcome are making the markets highly volatile. HCL tech and TCS results on 17th Jan, Reliance results on 20th Jan and other important results of Hero Motocorp, Bajaj auto, Wipro, ITC and Axis bank during the week are likely to provide the next trigger for the market. On a Global front, China will declare GDP numbers for last quarter of CY11 tomorrow and the outcome is likely to influence the sentiments.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Zee Business Mandi Live

2012-01-14T14:46:00.002+05:30

Watch, Vibhu Ratandhara - Bonanza Commodity on Zee Business Mandi Live, 13 Jan 2012.

Forecast for Indian realty industry in 2012

2012-01-13T18:47:00.000+05:30

Slow sales and a glut of properties are set to hamper the residential real estate market in Mumbai, India, and prices could fall by a further 30% according to analysts.

The glut is likely to extend into 2013 as steady streams of new developments are launched on the market; Developers who bought land at high prices now have to bring prices down.

The overall sentiments of the market and the consistent rate of new project launches in Mumbai give a clear indication of an impending oversupply by 2012. A lot of developers in the most severely affected locations are currently open to closing sales at lower rates.

Prices for commercial properties slumped in the Indian city in 2009 and many developers switched from offices to residential in the hope of keeping profits high. But now this sector is slumping too.

Over the past 12 to 14 months, developers from Mumbai and Delhi started focusing on their home markets and launching a substantial number of residential projects. Land was bought at expensive rates and if sales continue to remain dull for longer, there would be a 15 to 25% correction.

Total recent residential sales about 65% of flats in Delhi and 35% in Mumbai have gone to speculators. These flats are also expected to roll back into the market.

Analysts tracking the prices and unsold flat inventory levels said the fall would continue for a longer period and prices would remain stagnant for some time because the industry hiked prices in a hurry to make quick profits soon after revival of the sector.

For Mumbai, expecting a further correction of up to 35%. There may be a case that you could see 25% correction in the next two quarters by the year 2012.

As the economy shows signs of decreasing GDP growth rate, the Indian real estate industry faces its own share of concerns. Real estate developers are reeling under high debt and FDI inflows have also slowed down. The recent increase in home loan interest rates is expected to dampen the sales even further. Amidst these macroeconomic conditions, Indian real estate asset classes across the prime cities of India have seen mixed sentiments.

Commercial Real Estate
In 2012, several IT companies are looking to pre-lease office space to take advantage of the favorable commercial terms currently being proposed by commercial office space developers. Demand is expected to remain stable. However, the office space supply is expected to outweigh demand in most prime cities of India. Corporate expansions are likely to decrease due to the uncertainties in the global economic situation, which will have an impact on business budgets for next year.

Retail Real Estate
In 2012, enquiries for quality retail space are likely to remain robust as major Indian retailers are seeking to implement their expansion plans in the prime cities as well as select Tier II and Tier III cities. FDI in multi brand real estate, when finally permitted, is expected to catalyze a lot of demand from international retailers. That said, international luxury brands will restrict their growth plans to Mumbai, Delhi and Bangalore.

Residential Real Estate
Because of the prevailing uncertainties on the global market and the likelihood of further interest rate hikes by the RBI in the early part of 2012, sentiments on the residential market will remain cautious over the short term. The absorption rate – meaning the ratio of sales over inventory in the market – is likely to be low, and the incidence of new launches will decline. Rise in capital values will be marginal because of low sales.

Project-specific price increases can be expected across all sub-markets – this pertains specially to projects that are being delivered or are nearing completion. The mid-end and affordable housing segments will record healthy appreciation in capital values in the short term from a low base. We expect these trends to continue during 4Q11 and 1H12.

Meanwhile, residential developers will continue to tackle the current liquidity crunch due to high interest rates and slow sales. We will see a slowdown in construction activity for the time being. However, as demand improves, improving sales will benefit developers who will focus on execution of their on-going project portfolios.

Is Property rates are really falling?When people ask, “Where is a fall? Properties are costing still that high!” it is nothing but sitting in air conditioned offices and surfing net for good deals in real estate. The real estate cycle have stagnated the real estate price in entire nation.

In commercial properties, Ahmedabad is worst hit. Closure of malls and multi brand store rooms are proof of massive destruction in commercial lease rentals. Share and capital market down from 21000 marks also have reduced the sentiments of investors. Many big trading houses have gone in bankruptcy and failed to cope up with commitments not even in real estate units since majority of projects are under construction.

In Chennai, the rates are falling and out skirts of city are growing leaps and bounds. The demand in city has segmented into developing zones and massive SEZ developments. Huge townships are in under construction and investors from Gulf have invested huge sum in residential apartments. Because of this, supply and demand mismatched and prices have fallen to 2001 level. Water is a major aspect to any project and city is thirsty for over a decade. Ever since Tsumanmi touched the coast of Chennai, the low lying areas and coastal zones are badly affected. The rates are further likely to fall down.

Rajkot, Jamnagar and Vadodara are cities in Gujarat are showing signs of recovery and are doing well in residential price. For as small as Rs.5 lakh, one can get 1 BHK in outskirts of these cities. The developing mode and expansions are in offing and real estate markets are maturing in these cities.

Amreli, Jetpur, Juna Garh, Sanand, Bagasara, Surat and part of Veraval are developing huge real estate colonies and mass housing projects are in offing. In all 22 crore sq.ft. Are under construction and this much is in planning stage in various files with the government. The rates are likely to touch all time high and by 60% - 80% higher from current level.

In Rajasthan, Jaipur market is saturated and stagnated since last one year. Primary market for land deals are over and hands are changing within investors. Land price are historically high and for an acre of agriculture land, the cost have gone above Rs.7 crore within city limits. The residential prices are falling since last two years and likely to follow the suit in next six months.

Real Estate in Udaipur, Chittoregarh, Jaisalmair and Kota are rising since very few good residential projects are on final stage. There are no takers for under construction projects. The rates have been stagnated since 2008 and likely so for next two years.

Chandigarh and Panchkula’s land market have ashamed the primary real estate market. The rates per acres have recorded as Rs.22 crores in recent past. Mohali and Kharar highway have shown nothing but speculation in land prices. Time for correction already arrived and land prices are again showing downturn. Investors are selling their stocks as it is basis and there is a huge gap between demand and supply. The supply is overflowing and no likely to stop.

Pune is one of the biggest cities in Maharashtra, is over powering Mumbai. Huge and massive infrastructure development along with mass housing projects with premium and affordable segments, are offing everything for investors and actual buyers. Since inclusion of 32 villages and municipal limits are touching Pimpri Chinchwad and Talegaon, the city is having over supply hence the rates stagnated. Investors are still keeping high hopes and sustaining the losses. But wise practice always prevails in the market and some of them are selling the stocks immediately. The chances of rates getting down are dim but since the supply is huge; rate correction cannot be stopped.

Mumbai is having its own real estate markets. Every year, sum of millionaire increases and fortune of people changes over night. Finance capital is transforming into service capital. The rates are down but ready and premium properties are still costing fortunes. The rates are likely to come down.

Delhi and NCR are two different locations as far as real estate is concern. Gurgaon and Noida are saturated and new areas like Merut, Faridabad, Kosi and eastern Delhi are emerging into new real estate markets. Because of de-centralization of commercial activities in NCR, residential markets are also scattered and so is demand. Rates have never looked up since 2007 and likely to stay stagnated for next two years.

In Mumbai, the expectation for its property market to decline is strong. In fact, prices have already started to drop in some areas of the city, such as Parel, Lower Parel, Mahalaxmi, Bandra (East), Andheri (East), Goregaon (East), Mulund and Kurla. The overall price level has already seen a 20 percent correction from the peak level.

Lack of confidence in Mumbai’s property market also shows in the capital market. Major Indian property stocks have fallen by 27 percent in the past three months, warning people of potential risks brought by the expanding current account deficit and solvency issues.

The major factor that may lead to another 15 percent to 25 percent price fall in Mumbai’s property market is the fund shortage developers are currently suffering from. Many developers have started to offer discounts to buyers, hoping to mobilize fund inflows through increasing sales.

The funding channels for property developers in Mumbai are decreasing, as the Indian government is determined to curb inflation and banks continue raising their lending rates. The stock prices of India’s ICICI Bank and HDFC Bank have seen around 11 percent falls during the past three months, indicating the possibility that many Indian banks have been “tapped out” and it will become increasingly difficult for property developers to obtain loans from banks.

Daily Market Commentary

2012-01-13T15:40:00.000+05:30

Nifty had a gap up opening on supportive global cues.US markets had a positive closing overnight on optimism that Euro region may recover after the successful auction of the Spanish and Italian bonds. Nifty in line with Asian peers too mirrored the optimism and had a gap up opening. Amid volatility momentum was maintained throughout the day as Nifty managed to remain in green for the whole trading session. Initial gains were seen in Realty and metal counters. Nifty pared some of the gains during the morning session, touching the low of 4834.20, but recovered soon thereafter. Amid buying witnessed in heavyweight Reliance, Nifty too inched upwards to gain more than 50 points. Nifty fell just short of 4900 level, touching the intraday high of 4898.85 before witnessing a bout of profit booking. Sharp fall in Reliance too was seen as the counter slipped into negative territory. Nifty finally closed up with 0.75% gains.

Metal stocks extended their rally for yet another day.

Capital goods stocks and Realty stocks attracted buying interest as bargain hunting emerged in these counters after steep decline of last month.

Nifty managed to trade with a positive momentum today amid high volatility. As of now, the level of 4900-4910 is providing resistance on the upside. Above 4910, next resistance is at 4945.HCL tech and TCS results on 17th Jan are likely to provide the next trigger for the market.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

ET Now Commodity Call

2012-01-13T14:05:00.000+05:30

Watch, Vibha Ratandhara - AVP - Commodity Research , Bonanza on ET Now Commodity Call, 13 Jan 2012.

ET Now Business Day Hot Commodities

2012-01-13T10:30:00.002+05:30

Watch, Vibhu Ratandhara - AVP Commodity Research, Bonanza on ET Now Business Day Hot Commodities, 12 Jan 2012.

Daily Market Commentary

2012-01-12T16:23:00.002+05:30

Nifty opened with a downside gap on the weak Asian cues and disappointing guidance from IT bellwether Infosys which crashed over 7 % with its weak dollar revenues guidance for full year; however its Q4 numbers were better than expectations. Market continue to witness high volatility throughout the session .In the initial hours of trading, Nifty turned into green on the expectations of better IIP data for November month, however a stronger than expected IIP numbers which came at 5.9% as against negative 4.7% in the previous month as well as good inflation data failed to cheer the market and market soon after that turned into negative zone and touched the intraday low of 4803. Led by good buying in banking and metal stocks, market trimmed its losses to recover above the crucial level of 4840, though technology and oil & gas stocks continued to weigh down on the sentiments. Finally Nifty closed at 4845 level with the marginal loss of 0.32%.

Metal stocks continued to be in the limelight today also amid anticipation of monetary policy easing from China.

IT stocks witnessed selling pressure on the back of weak guidance from Infosys.

Interest rate sensitive banking stocks rose on expectations that the Reserve Bank of India will start cutting interest rates in the coming months to prop up slowing economy.

Metal stocks extended recent gains triggered by continued anticipation of further monetary policy easing from China. Capital goods stocks edged higher on bargain hunting after a steep decline last month.

Airline stocks jumped for the second straight day after Civil Aviation Minister Ajit Singh said that a panel of secretaries has recommended allowing foreign airlines to hold up to a 49% stake in Indian carriers.

Nifty managed to close above the 4800 mark for the third consecutive session, amid high volatility. It respected the support level of 4800 and on upside the resistance levels of 4870-4880. Above 4880 next resistance is at 4910 and then 4940-4950. Important support exists at 4750.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Vayda Se Fayda

2012-01-11T18:22:00.000+05:30

Watch, Mr. Puneet Kinra - Sr Technical Analyst (Equity Research)- Bonanza Portfolio on CNBC Awaaz Vayda Se Fayda, 11 Jan 2012.

ET Now Scroll

2012-01-11T17:48:00.002+05:30

ET Now Scroll, 11 Jan 2012, Bonanza Gold MCX & Copper MCX.

Daily Market Commentary

2012-01-11T16:11:00.002+05:30

Nifty had a flat to cautious start to the day’s trading as sentiments turned cautious on RBI’s comment of no possibility of a CRR rate cut in pre policy meeting yesterday evening. Markets have rallied up quite considerably yesterday on hopes of a rate cut and today RBI’s stance acted as a dampener for the market sentiments.

Nifty had a lackluster trading session as it just about managed to stay in the positive territory for the whole day. Market men remained cautious ahead of the important Nov. IIP no. announcement tomorrow. Some uptrend was witnessed during the early afternoon session when Nifty touched the high of 4877.20 levels, however it quickly slipped down from the highs to trade on a flat note. Weak openings in the European markets further negated the already cautious sentiments. Nifty managed to close a tad higher.

Metal stocks were in the limelight today amid anticipation of monetary policy easing from China.

Realty counters extended their yesterday’s rally and closed up with decent gains.

IT stocks witnessed selling pressure as strong Rupee negated the sentiments for these stocks. Rupee continued to gain in forex market.

Nifty today, respected the resistance levels of 4870-4880, just about managing to touch the intraday high of 4877.20. Tomorrow is expected to be highly volatile market session as heavyweight Infosys and HDFC will announce their results. Moreover IIP no.s will be declared during the trading session further influencing the sentiments. Above 4880 next resistance is at 4910 and then 4940-4950. Important support exists at 4750.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Commodity Call

2012-01-11T14:15:00.002+05:30

Watch, Mr. Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on CNBC Awaaz Commodity Call, 10 Jan 2012.

Daily Market Commentary

2012-01-10T16:28:00.002+05:30

Nifty opened with a positive gap on favorable global cues. US markets have closed in positive territory overnight on expectation of better corporate earnings. Additionally, positive news from European region bolstered the sentiments globally. German Chancellor Angela Merkel and French President Nicolas Sarkozy, gave a joint statement that they have made progress toward implementing tougher budget rules across the euro zone and that would aim to foster stronger growth and job creation. Nifty in line with other Asian peers had a gap up opening and was able to maintain the positive momentum all throughout the day.

Nifty opened in positive and continued to inch upwards aided by good buying seen in banking stocks. Heavyweight Reliance counter attracted substantial buying interest from the onset of trading session. The level of 4800 was easily breeched as sentiments improved for the better on strong Asian cues. All round buying was witnessed today. Interest rate sensitive’s banking; realty and capital goods stocks were active today on hopes of RBI lowering the interest rates in coming monetary policy on 24th Jan on the face of a slowing economic growth. Strong opening in European markets further fuelled the rally during the afternoon session as Nifty extended its gains. Global rating agency Moody's upgraded India's short-term foreign currency rating from speculative to investment grade, improving the sentiments further. Nifty closed near the high of the day with meaningful gains of over 2%.

Almost all the sectoral indices ended up with decent gains.

Banking stocks were the major gainers today as IndusInd bank started the result season with better than expected Q3FY12 result outcome.

It was a good session for the bulls after weeks of uncertainty and range bound movement. Nifty has given a positive breakout today. The short term trend has turned positive and from here on more upside cannot be ruled out. However heightened volatility can be expected since Q3FY12 result season has started. Global developments will continue to influence the market sentiments. Above 4810, next resistance exists at 4870-4880 and then 4910.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Sauda Aapka

2012-01-10T13:37:00.000+05:30

Watch Puneet Kinra - Sr Technical Analyst (Equity Research)- Bonanza Portfolio on CNBC Awaaz Sauda Aapka, 09 Jan 2012.

Daily Market Commentary

2012-01-09T15:46:00.000+05:30

Nifty had a gap down opening in line with Asian peers. Nifty started the second week of the New Year on a cautious note as Prime Minister; Dr Manmohan Singh admitted that the economic growth in FY 12 is expected to be 7%, lower than 8.5% in FY11.Cautious sentiments also prevailed ahead of Q3FY12 results outcome.

Nifty opened lower and continued to drift downwards. Indices touched intraday low during the early morning session as Nifty slipped even below the 4700 levels, touching the low of 4695.45. Metal stocks lead the decline. After touching the intraday low, Nifty inched upwards albeit in a choppy fashion. Positive openings in the European markets further improved the sentiments as Nifty not only pared its initial losses but also inched back into positive territory. However market was unable to hold on to its gain and again slipped back into red followed by a spate of selling pressure. Volatile session ensued in the last one hour of trade as Nifty alternated between positive and negative territory before finally closing on a flat note.

Banking stocks attracted bargain buying after last few days of selling pressure.

Sugar stocks attracted substantial buying interest as almost all the stocks closed up with decent gains.

Job related and consumer confidence data in the US market has come out as per expectation. Markets will now look forward to Infosys and HDFC result outcome on 12th Jan. Result season is expected to make market highly volatile. A breakout above 4810 or a closing below 4660 will decide the trend of the market.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Zee Business Mandi Live

2012-01-07T14:41:00.002+05:30

Watch, Vibhu Ratandhara - Bonanza on Zee Business Mandi Live, 06 Jan 2012.

Asset returns in 2011

2012-01-07T11:28:00.003+05:30

Daily Market Commentary

2012-01-06T17:00:00.000+05:30

Nifty had a soft start to the day on mixed oversees cues. Global sentiments were subdues as concerns about European region revival resurfaced. Higher borrowing costs in a French bond auction fuelled speculations that Europe's debt crisis is deepening. Even the US markets closed on a mixed note despite an improved labour market data outcome.

Nifty had a gap down opening and continued to drift down amid selling pressure in metal, realty and capital goods stocks. Nifty touched the intraday low of 4686.85 during the morning session. Thereafter Nifty traded in lackluster fashion albeit with an upward bias. Reliance extended its gains after a positive opening. Afternoon session witnessed positive momentum as even the European markets opened up in green. High volatility was witnessed during the last one hour of trading session as Nifty inched sharply upwards in to green. Sudden up move of more than 90 points took the market men by surprise. Buying interest was seen in Anil Dhirubhai Ambani Group (ADAG) stocks. According to market rumors a joint conference was expected from both Reliance and ADAG, which fuelled the rally in the company’s stocks. No confirmation was given by either of the company. Nifty managed to close by slight gain of 0.23%.

Capital goods stocks witnessed selling pressure. Auto 2-3 wheelers also ended on a negative note.

Oil marketing companies like BPCL, HPCL and IOC closed up with decent gains on a decline in international crude prices.

As expected heavy volatility dominated the session. A breakout above 4810 or a closing below 4660 will decide the next trend of the market. Meanwhile important job related and consumer confidence data in the US market are expected to be announced tonight. Any unexpected outcome will trigger a sharp movement on either side.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

Commodity Return 2011

2012-01-06T11:25:00.000+05:30

CNBC Awaaz Your Money

2012-01-05T18:36:00.002+05:30

Watch, Mr. Rajesh Tanna - Bonanza Portfolio on CNBC Awaaz Your Money, 04 Jan 2012.

Daily Market Commentary

2012-01-05T15:43:00.000+05:30

Nifty had a positive opening but was unable to hold on to the gains and finally closed on a flat note. The level of 4780-4785 proved to be strong resistance for yet another day. Nifty had failed to trade past this zone in yesterday’s session and today also it retreated from the same level.

Nifty had a positive opening on supportive Asian cues. Early morning session rally in index heavyweight Reliance Industries also supported the uptrend. Auto stocks attracted buying interest initially as today was the first day of India Auto Expo 2012, New Delhi, improving sentiments a bit for the auto sectors..Nifty touched intraday high of 4779.80 during the afternoon session on encouraging food inflation numbers. Market strengthened on reports of food inflation plunging into the negative, coming at -3.36% for the week ended December 24 from 0.42% for the previous week. Auto and Banking counters extended their initial gains on declining inflation numbers. However Nifty was unable to maintain the momentum after European markets opened in negative. Amid choppy trading, Nifty slipped down into red to touch the intraday low of 4730.15. Weakness in index was accompanied by substantial selling pressure in Reliance counter as it slipped past 700 levels. Short covering during the last half an hour of the trading session enabled Nifty to gain some of the lost ground. Nifty finally managed to close on a flat note.

Banking stocks added to their yesterday’s rally and closed up in green. Declining food inflation improved the sentiments for interest sensitive banking and auto counters.

Realty stocks ended on a negative note.

Volatility was the order of the day and is likely to play prominent role in coming days as well. Nifty companies will kick start their result season with leading companies Infosys and HDFC announcing their Q3FY12 results on 12th January’2012. Nifty is likely to be volatile within the range of 4580 and 4800.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

CNBC Awaaz Commodity Call

2012-01-05T11:08:00.002+05:30

Watch, Mr. Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio, CNBC Awaaz Commodity Call, 03 Jan 2011.

Daily Market Commentary

2012-01-04T15:41:00.002+05:30

It was a highly volatile and a disappointing session for the bulls on the bourses. After significant gains of yesterday, today the focus was on profit booking as for major part of the day Nifty traded in red.

Nifty opened in green but immediately slipped into red in initial trades. Amid choppy trading Nifty regained some ground and inched upwards into green. Buying interest in capital goods stocks like BHEL and LT helped the sentiments. Reliance was also active on announcement of divestment of a part of the interest owned by it in the ETV channels. Selling pressure gripped the market during the afternoon session as Nifty inched lower into red. Telecommunication service provider’s stocks like IDEA, Bharti Airtel were beaten down on reports of telecoms department planning to impose penalties on five mobile phone companies for allegedly understating revenues and hence paying lower revenue share during 2006-07 and 2007-08.Nifty again see-sawed into red and green territory as it first trimmed losses, inched upwards into green and then again fell sharply into negative territory to hit fresh intraday low of 4728.85.Volatility continued to dominate the market session. Nifty closed with minor losses of 0.5%.

Banking stocks gained today and closed with meaningful gains after recent decline.RBI Governor’s comment of likely easing in monetary policy to address concerns about economic growth led to speculative buying on the counters.

Volatility was the order of the day and is likely to play prominent role in coming days as well. Nifty companies will kick start their result season with leading companies Infosys and HDFC announcing their Q3FY12 results on 12th January’2012. Meanwhile market men will keep an eye over the upcoming US employment and manufacturing data later this week that will continue to influence the market sentiments. Nifty is likely to be volatile within the range of 4580 and 4800.

Disclaimer: This report, contains information based on research carried by or on behalf of Bonanza Portfolio Limited, is neither advice nor any offer to sell or a solicitation to buy any securities, Further the reader is also advised to exercise restraint in placing any dependence on this report, as the sender, Bonanza Portfolio Limited, neither claims or guarantees the accuracy of any information contained herein nor assumes any responsibility in relation to losses arising from the errors of fact, opinions contained herein or the dependence placed on the same. The situational factors affecting the information herein may change any time due to the volatile market conditions, and may not be accurate, complete or exhaustive, the recipient therefore is advised to use his own discretion and judgment, while entering into any transactions, whatsoever.
Further, Please note that Bonanza, its directors employees and associates may have trading or investment positions in the securities mentioned herein.

BONANZA PORTFOLIO LTD
New Delhi: 4353/4C, Madan Mohan Street, Ansari Road, Darya Ganj, New Delhi – 110002. Tel: 91 11 30181290/94 Fax: 91 11 30412657
Mumbai: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregoan (E) Mumbai – 400063. Tel. 91 22 67605500/600 Fax. 022-67605530.

FMPS / INTERVAL FUNDS IN OFFER AS ON 03 - JANUARY -2011

2012-01-03T19:29:00.000+05:30

CNBC Awaaz Vayda Se Fayda

2012-01-03T17:10:00.002+05:30

Mr. Puneet Kinra - Sr Technical Analyst (Equity Research)- Bonanza Portfolio on CNBC Awaaz Vayda Se Fayda, 03 Jan 2012.

Daily Market Commentary

2012-01-03T15:50:00.000+05:30

After a cautious start yesterday to the year 2012, Indian bourses today cheered the sentiments of investors by opening up with the huge upside gap where Nifty managed to edge up to the levels past 4700 and Sensex to the level of 15700. Backed by relief rally among global peers and strong buying across the board, Nifty depicted one way rally throughout the trading session. Banks, infrastructure, technology, FMCG and oil & gas were the shining starts of today’s trade. Coal India topped the buying list for second consecutive session after the company's new pricing mechanism. Sentiments further strengthened with the positive opening of European markets that led our markets to add over 2% gains. Good buying interest among index heavyweights like RIL, ICICI Bank led the Nifty to finally close at 4760 with significant gains of 123 points

IT and Metals stocks continued to attract buying interest today also.

Aviation stocks rose after state-owned oil companies recently cut jet fuel price by over 1% in line with softening in the commodity's international rates

Interest rate sensitive realty stocks rose on recent comments by Reserve Bank of India's (RBI) Governor D Subbarao that RBI is likely to begin easing monetary policy to address concerns about economic growth.

Bulls tried to gain control over bears to some extent in today’s’ trading session. However since the results season is about to begin, much will depend upon the Q3FY12 results outcome. Nifty has fallen by over 24% in year 2011 and since the reports of advance tax figures for Q3FY12 are also not very encouraging, market is unlikely to change the trend very soon. Meanwhile market men will keep an eye over the upcoming US employment and manufacturing data later this week that will continue to influence the market sentiments. Nifty held the support level of 4585 today. On upside the next resistance is placed at 4800-4820 level.

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CNBC Awaaz Sauda Aapka

2012-01-02T18:34:00.000+05:30

Watch, Vibhu Ratandhara - AVP - Commodity Research - Bonanza Portfolio on CNBC Awaaz Sauda Aapka, 02 Jan 2012.