The BSE benchmark Sensex declined by over 65 points in opening trade on Wednesday on fresh selling triggered by a weakening trend on other Asian bourses following an overnight fall on Wall Street as European debt problems continued to batter the investor sentiment.

The 30-share BSE index, which gained 132.16 points in the previous session, declined by 65.19 points, or 0.41 per cent, to 15,937.32 in opening trade.

In a similar fashion, the wide-based National Stock Exchange Nifty index shed 22.45 points, or 0.46 per cent, to 4,778.15.

Oil and gas, power, PSU, metal and capital goods stocks led the fall.

Brokers said fresh selling by funds in tandem with a weak trend on other Asian bourses following an overnight fall on Wall Street amid the persisting euro zone debt crisis was mainly responsible for the early decline on the bourses.

Meanwhile, in the Asia region, Hong Kong’s Hang Seng Index fell by 0.68 per cent and Japan’s Nikkei Index by 0.46 per cent in early trade on Wednesday. The Dow Jones Industrial Average in the US ended 0.55 per cent lower on Tuesday.

With the perceptions of India facing a severe fiscal crisis, every shareholder is in speculation. Here are few important shares which saw major changes by day’s end.

Ashok Leyland, stocks are not rallying as they were supposed to be, as there is no change in numbers. Whenever it moves by any of the short term news, either gets fizzled out may be because of some disappointment either on the results and all sort of things and considering the commercial vehicle. Growth in commercial vehicles by Tata Motors can hamper Ashok Leyland’s growth prospects.  Even on the valuation parameter Ashok Leyland still looks quite expensive when compared to Tata Motors and Tata Motors has the risk spread into the passenger vehicles as well as commercial vehicles. So, taking both into consideration Ashok Leyland should be seen as a short term technical rise today.

Crompton Greaves can rally upto Rs.150. There is positive built up happening in respect to the capital goods. Infact if one sees the stock, whether you take the call on L&T and ABB, two of the stocks have been doing quite well and may be in the smaller space like Crompton Greaves and Thermax . Infact there could be renewed buying coming in both the stocks. Infact BHEL can see FPO news again remerging. These 4 stocks indicate that probably the reemergence of interest in the capital goods is happening and infact maintaining positive views on Crompton Greaves is advised because it has corrected to as low as Rs 110-115. So, but may be till next results, that is Q3 by 3rd week of January, the share has potential to move to about Rs 150 and at those levels it should really settle and consolidate.

Pantaloon Retail, after hearing the statement of finance ministry, is in speculation that there could clearance in near future. This again has gone into the backburner and in that situation Pantaloon is falling to as low as, and may be about Rs 160-165. Definitely see a price of Rs 170 once the confirmation which is likely to again be negative or may be neutral to negative on Wednesday, can make the stock correct to about Rs 170 probably in this week only.

Parsvnath may settle at Rs.48-50, financing or the margin call which we have seen to the extent of about Rs 1 crore share seems to have got over and that’s the reason infact share has bounced back. First it corrected by about 50%. It fell from may be about Rs 65-66 to as low as Rs 30-32 and now for last three days since that deal seems to have happened which we get to know from the volume taking place on the exchanges, We could again see the renewed interest coming back in the stock, because ultimately on a net basis we are going to see the value erosion in the share price because one can expect it to settle at about Rs 48-50. HOEC has been a trader’s favorite stock and whenever we see this stock moving up, it continuously moves on and it goes up and suddenly it corrects.  There aren’t any fundamental reasons to justify. Infact this is pure traders stock and which is driven more by the trading parameters and trading forces and there is no need of any risk because it has run quite a lot from may be about Rs 108-110 in last week to 10 days or so.

The BSE benchmark Sensex was down by over 122 points in early trade on Tuesday. Fresh selling pressure in refinery, IT, realty, PSU and metal stocks amid persistent foreign capital outflows despite firm global cues.

The 30-share Sensex declined to 15,995.57 points within minutes of opening trade and was quoting at 16,045.12 at 1015 hours, a net loss of 122.01 points, or 0.75 %, from its previous close. The NSE’s 50-share Nifty index was also down by 33.75 points, or 0.70 %, at 4,817.55 at 1015 hours. Data that showed sustained selling by foreign funds over the past few days weighed on the trading sentiment. Foreign institutional investors (FIIs) sold shares worth Rs 302.59 crore yesterday as per provisional data from the stock exchanges. Reliance Industries ( RIL) fell by 2.43 % after the company said it has initiated arbitration proceedings against the government on the issue of the company’s entitlement to recovery of its entire expenditure on the KG-D6 gas block from revenues.

The other losers in early trade were Hindalco (down 2.06 %), Infosys (1.92 %), ONGC (1.72 %), Bharti Airtel (1.60 %) and DLF (1.46 %). Meanwhile, Asian markets were mostly higher in early trade today, extending the advance made in the previous session as investors hoped for a timely resolution to Europe’s debt problems. The key benchmark indices in China, Hong Kong, Japan, Indonesia, South Korea and Taiwan were up by between 0.55 % and 1.59 %, while Singapore’s Straits Times Index was down by 0.2 %.

On Tuesday the Indian Stock saw a climb on its’ radar, with Sensex stopping at16065.42 and benchmark NIFTY at 4812.35. Considering the market here are few updates on particular shares to be taken and sold.

One should stay away from VIP Industries . But if Titan falls below Rs 180 then stock can add 10% in next one month or so. Totally give a pass to VIP Industries. It doesn’t justifies the valuation of Rs 75 considering their major component of import and the way currency has depreciated. But if Titan falls below Rs 180, one can take a call from a technical and fundamental basis with a view to earn about 10% in next one month or so.

Arvind Mills has to move in the range of about Rs 85-95 and keep negative stance on Bombay Rayon.

Taking an individual call, Arvind Mills has to move in the range of about Rs 85-95. There isn’t much of a upside. It will be difficult for the stock to even breach three digit marks considering the expected EPS of Rs 10. S Kumars has taken much more hammering than required. Even their financial performance has been a disappointment. But there were some financing issues. The promoters say that everything has been offered to the collateral. It is not exactly directly in respect to the promoter share but there are definitely in the system the huge amount of shares having pledged and the finance have been availed against that.

Bombay Rayon is very cautious. Here one has to see the difference between cash and future and option. Future and option is ruling at a discount of Rs 25 and that kind of discount being offered is warranted. That means the future view on the stock is very negative. Whenever any kind of news comes in the stock can fall below Rs 230-240. This can be seen as price management but with Bombay Rayon considering the difference in F&O. Cash is ruling at Rs 286, F&O is ruling at around Rs 260, so that’s a clear-cut case of negative view on the stock going ahead.

Suzlon Energy has strong support at Rs 20. The words were little comforting and the projections were given by the management seems to be ambitious. They said that they will be having debt equity of 1 by FY13 year end which means by March 13 that is 18 months from now. If they are able to achieve that, it will be a big positive for the stock. But doubts that market will accept that so quickly. So, near term concerns will remain.

It’s been recommended to hold rating on Cadila Healthcare with a target price of Rs 778, in its November 19, 2011 research report.

Indian stocks fell in early trading Wednesday, as strong economic data out of the U.S. failed to quell worries about Europe’s festering debt crisis.

The SENSEX closed at 16775.19, 107.48 lower than previous day closing. NIFTY closed at 5034.00, 34.5 points below than previous mark. Stocks in Asia failed to retain the momentum on Wall Street, where a session of strong swings ended with modest gains. The Dow rose 0.1 percent to 12,096.16. The S&P 500 gained 0.5 percent to 1,257.81, and the Nasdaq added 1.1 percent to 2,686.20.

Data on retail sales showed Americans spending more on autos, electronics and building supplies in October – the fifth straight month of increases.

Sales increased 0.5 percent from the previous month, a faster rate than economists expected and the latest indication that the U.S. economy is likely to avoid another recession. But Europe’s debt woes continued to weigh on markets. Higher interest rates on government debt issued by Italy, Spain and other countries rattled European stock markets Tuesday. The interest rate on Italy’s 10-year bond jumped back above 7 percent, a dangerously high level.

When that rate crossed the 7 percent threshold last week, it raised worries about Italy’s ability to manage its debts. Greece, Ireland and Portugal had to get rescued by international lenders when their borrowing rates crossed the same level.

Many economists think the eurozone economy could head back into recession over the coming months.

The Indian Stock Market Benchmark BSE SENSEX closed at 17362.10, 207.43 points lower than yesterday. Whereas the Nifty closed at 5221.05, 68.30 lower than yesterday.

Here’s the lookout for some shares which should be bought or sold.

SAIL stocks are neutral this time. It is expected to increase its saleable steel production capacity from 12.5mn tonnes to 23.1mn tonnes by FY2015.  The stock is currently trading at a 9.1x and 6.4x FY2012 and FY2013 EV/EBITDA, respectively. Given the company’s modest volume growth in the near term and fair valuations, it is to remain neutral for the time being.

It is recommended to sell Nestle India stocks which is rating on the stock with a target price of Rs 3578. Nestle’s monopoly in Maggi noodles would be difficult to maintain for long time post the entrance of big players. Competition is rising in almost all the categories while Nestle is expanding capacities which would force the company to maintain volume market share. Therefore, there’s too much pressure on pricing power of key brands. Nestle trades at a ~39% premium to the FMCG sector and it’s premium price would narrow. And the target price could be revised to Rs 3,578 (Rs 3,400 earlier).

Shares of Gujarat Gas Company is to be maintained. Recent hikes in industrial and CNG segment provides cushion to the profitability and margins in coming quarters. At CMP of Rs 444 stock trades at 16.6x CY12E EPS and 3.9x P/BV, it is advised to buy ratings on GGCL with target price of Rs 481.

Shares of Glaxo SmithKline Pharma shouyld be revised. GSK is expected to report 7% revenue growth in 2011 and 12% growth in 2012. The EBIDTA margins contracted from 35.31% in 2010 to 31.6% in 2011 and 32.9% in 2012. Earnings will grow at a CAGR of 7% to Rs 6.7bn. the target has to be revisee on the stock to Rs 1,714 and downgrade the stock one notch to Reduce.

Though Mannapuram General Finance continue to grow at a healthy pace, but with rising competition and possibility of NPA recognition on 90dpd as mentioned in the draft discussion paper could hurt growth and margins. It is advised to downgrade and hold with target price of Rs 65.

Due to the new Itlaian and Greek Governement policy of bailing out the debt ridden country, Asian Market saw a fall on the 1st day of the week.

The BSE Sensex closed it’s Friday’s session with slight gains amid uneven trade. European markets still remained in cue ahead of conclusive decision from the G-20 meet. The  BSE Sensex benchmark rose 80.68 points, to close at 17,562.61 and the 50-share NSE Nifty moved up just 18.45 points, to end at 5284.20.

Market was strong in morning trade the Sensex had traded with 150-200 points gains on global rally post the bailout deal referendum cancelled by Greece. This rally was also supported by European Central Bank cutting lending rate by 25 bps to 1.25% for the first time in two years yesterday. But the market could not sustain those gains in the second half of trade due to volatility in Europe, especially ahead of G-20 meet. Investors too were worried about the financial and political stability in the eurozone.

Infosys, SBI, ICICI Bank, L&T and BHEL gained 0.8-1.5%. Financial, capital goods, metal and auto (2-wheelers) stocks supported the market throughout the session. JSPL, Hero Motocorp and Hindalco rallied over 2%. Bharti Airtel rose 1.4% despite lacklustre numbers in Q2. The company’s Q2 net profit fell 15.5% to Rs 1027 crore quarter-on-quarter.

However, Reliance Industries lost 0.6% and HUL fell 0.85%. TCS, M&M, Tata Motors and Maruti were down 0.4%. Tata Power tanked 2%.

The broader indices gained 0.4-0.8%. Advancing outnumbered declining ones by 818 to 612 on the National Stock Exchange. Total traded turnover was more than Rs 1.05 lakh crore.

The Indian Stock Market saw gain on thursday with SENSEX  gaining 17481.93 and Nifty closing at 5265.75. Let’s discuss important shares to be held and bought.

It is estimated that the shares of Maruti could face 11% decline in volumes for FY12E at 1.1m and a strong 14.8% volume growth for FY13E at 1.3m units. Taking into account the strike at Manesar in October 2011 and the lower operating profit for the quarter, the earnings estimate is revised downwards by 13% and 7% for FY12E and FY13E, respectively. As a result, the target price is revised downwards to Rs 1,200 (Rs1,265 earlier). Thus, it’s advisable to accumulate more of this share.

Buying Wipro shares will be very benficial this time. Wipro posted their Q2FY12 results which was slightly better than our expectation on the topline front. In USD terms, the company’s IT services revenue came at $1472.5mn-a growth of 4.6% QoQ, while in INR terms it grew by a whopping 6.6%, thus matching its peers in terms of revenue growth after a gap of more than a year. Wipro’s total revenue (including IT services) saw a growth of 6.2% QoQ at Rs.9094.5cr. Its volume growth was also robust at 6% (out of which 4.6% was organic) with onsite volume growth at 9% and offshore at 4.7%. This strong onsite volume growth can be taken as an indication of start of a number of new projects and thus is positive for the company’s growth.

Holding Sterlite Technologies will be good this time as high interest expense will continue to weigh down on profitability. The company stands to benefit from the recently approved Rs. 20,000 crore broadband plan by the government. In view of fresh concerns emerging out of the telecom segment we revise our FY12E EPS to 3.5 and recommend Hold with a target price of Rs. 46, which is 13x FY12E EPS.

Also holding Swaraj Engines is advised as increased demand is coming from company’s M&M division. Furthermore, the company’s phased capacity expansion programme totaling to 75,000 engines per annum is on course and is expected to be completed in the last quarter of the current fiscal. After taking into effect the quarter and half year ended reported numbers,the sales and earnings growth has marginally chnaged. At the CMP of Rs  468.0/-, (FY12E cash per share is Rs  131) the scrip is trading at 11.7x FY12E EPS of Rs 40, thus holding will be a good option.

The Indian benchmark indices on Monday opened higher after EU leaders closed in on a broad agreement to resolve the euro crisis and pressed Italy to slash its debt mountain to reassure jittery world markets.

While Sensex was trading with a gain of around 284 points, Nifty was up by 85 points at 9: 45 am.

On the BSE Sensex, 29 stocks were trading higher with Tata Motors gaining the most by 3.18 per cent. Larsen and Toubro was the only loser with a cut of 0.47 per cent.

BSE Metal Index and BSE Bankex index were the top gainers with a rise of 2.18 per cent  and 1.99 per cent , respectively. All stocks on these indexes were trading in the positive territory.

Sterlite Industries was the top gainer on the metal index with a move of 3.74 per cent.

Axis Bank was the top gainer on the bank index  with a rise of 3.36 per cent.

Market heavyweight RIL was trading with a gain of around 2 per cent.

Asian stocks were also trading in positive territory  with  Hang Seng seeing a 3.90 per cent rise, Kospi by 2.79 per cent and Nikkei 1.77 per cent.