Saurav Mandhotra: What is the future prospect of Reliance Capital ?
Mr. Vadharia: There is a chance of licenses to be issue. They might get bank licenses, then the prospect will be very high, because market is today very voliatile and chopping if it breaks important support level of Rs 450 then the chance of going down is very high so one has to be very cautious and has to put SL at Rs 450.

Hemraj Rawal: What about Kingfisher Airlines ? Is any growth possible? 

Mr. Vadharia: I think it is very uncertain that there would be any growth possible or not and so the advise is to exit the script which is uncertain in future and go for any other airline stock like Jet Airways, SpiceJet.

Mayank Parnami: What are your views on Karnataka Bank until more banking license news?

Mr. Vadharia: If Karnataka Bank, there is rumor in market that there is a possibility that they will merger with big bank, which is not be happen then the chances of falling in the stock not ruled out so it is better to exit from stock and invest in good banks like Dena Bank and any other PSU banks.

Vicky Jadhav: Your views on HDIL ?  

Mr. Vadharia: HDIL is looking quit weak on chart and any rally should be used to exit from the script and better to invest in other realty stocks like DLF and Indiabull Real estate.

Aashish Agarwal: What is the future of  Karuturi Global Limited?

Mr. Vadharia: Looking very weak on chat and there is no future prospect seen in this script, so better to sell and invest in some other good scripts.

Pravinth Ganesan: Is this the right time to invest in gold?

Mr. Vadharia: Gold is very much range bound now a days and it is better to wait for further downtrend to happen and then invest in gold for a longer period of time.

Kashish Kumar: I have 100 shares of SAIL . Should I hold, average or sell it?

Mr. Vadharia: Hold, because SAIL is a good company to invest and chances of further uptrend cannot be rulled out so hold on to your investment.

Prasad Kulkarni: What is your outlook on Atul Limited? It reached Rs 450 and now it's around Rs 375. Should I sell or hold?

Mr. Vadharia: I think it is already fully priced and one should sell if one is getting good profit.

Kashish Kumar: I have 1200 shares of PTC India Financials at Rs 18. Should I hold or average or sell?

Mr. Vadharia: One should hold this script as the future prospect is looking good and if you can hold it for 2-3 years, one can get good profit from it.

Shaji Thatta Thazhath: What about Larsen & Toubro & Manappuram ? Should I hold, average or sell it?

Mr. Vadharia: L&T and Manappuram both are looking good on charts, so one can buy at lowers levels and if you have investment in it then hold.

Bruno Dsouza: What's your view on brokerage stocks? With a bull market in sight, can we see any upside in these stocks? I hold Geojit BNP shares at Rs 24.

Mr. Vadharia: I think one should not go with brokerage stocks as they are struggling to survive so it is better to exit from these scripts and invest in other financial companies like L&T Finance, Mahindra Finance.

Mohit Goyal: If RBI cuts rate then market will rise or fall?

Mr. Vadharia: I think if RBI cuts more then 0.50 or more then it, then chances of market going up is high

Shramnesh Jain: I am holding Delta Corp and L&T Finance . What is their outlook for the coming year?

Mr. Vadharia: I think both the stocks are looking good on chart so one can hold on to these stocks as the future is looking good.

Coal India Ltd BSE -0.23 % is a 'SELL' call with a target of Rs 325 and a stop loss of Rs 351

Reliance Capital Ltd BSE 0.51 % is a 'SELL' call with a target of Rs 440 and a stop loss of Rs 481

Kotak Mahindra Bank Ltd BSE 1.34 % is a 'BUY' call with a target of Rs 680 and a stop loss of Rs 639

Tata Consultancy Services Ltd BSE 0.94 % is a 'BUY' call with a target of Rs 1365 and a stop loss of Rs 1308

Jubilant FoodWorks Ltd BSE 4.23 % is a 'SELL' call with a target of Rs 1142 and a stop loss of Rs 1207

IDFC BSE 0.33 % Ltd is a 'SELL' call with a target of Rs 156 and a stop loss of Rs 170.50

Adani Enterprises Ltd BSE 0.96 % is a 'SELL' call with a target of Rs 238 and a stop loss of Rs 257.50

Reliance Capital Ltd is a 'SELL' call with a target of Rs 445 and a stop loss of Rs 472

ITC Ltd BSE 0.74 % is a 'BUY' call with a target of Rs 306 and a stop loss of Rs 294

CLUSTER DEFINITION

"Government has decided to increase import duty on gold and platinum from 4 percent to 6 percent with immediate effect," Department of Economic Affairs Secretary Arvind Mayaram told reporters.

He further said the government will link Gold Exchange Traded Fund (ETF) with gold deposit scheme, which will enable mutual funds to unlock their physical gold and invest in gold- linked schemes offered by banks.

"The changes proposed to the Gold deposit scheme will make it attractive for individuals to deposit their idle gold with the banks under the Gold deposit scheme," Mayaram said.

He said the changes would help moderate import of gold and help in bridging the current account deficit (CAD).

Gold imports in 2011-12 amounted to USD 56.5 billion and in the current financial year, till December, they are estimated at USD 38 billion.

Mayaram further said that the government will effect consequential changes in the additional customs duty and  excise duty on gold dore bars, gold ores and refined gold.

"The duties will be reviewed after sometime if there is a moderation in the quantity of gold that is imported into the country," he said. Gold was trading at Rs 30,935 per 10 grams today.

The move to link Gold ETF with deposit schemes will help increase physical availability of gold in the market, as a part of the gold lying in stock will be brought into circulation meeting the demand of gems and jewellery trade.

"Consequently, there will be a moderation in the quantity of gold that is imported into the country," Mayaram said. He said the minimum quantity of gold that may be deposited into the Gold deposit scheme would be reduced and the minimum tenure would be brought down to six months, from the present three years.

Market regulator Sebi and the Reserve Bank will come out with notifications on Gold ETF and gold deposit schemes in two to three weeks. Gold ETF is provided by Mutual Funds (MF), in which the units are backed by physical gold held by the MFs.

Gold deposit schemes are offered by a number of banks, in which gold deposited by client is lent by the banks to the gems and jewellery trade.
The announcement, which follows concerns expressed by Finance Minister P Chidambaram over rising imports of gold, comes nearly a month before the Union Budget on February 28.

Traditionally, India has been the world's largest consumer and importer of gold. Outflow of the foreign exchange on gold imports is impacting country's CAD, which has widened to USD 38.7 billion or 4.6 per cent of the GDP in the first half of the current fiscal.

Mukesh Ambani group company Reliance Industries (RIL) rallied as much as 6.2 percent in early trade to touch a fresh 52-week high of Rs 954.80 on Monday after better-than-expected numbers in third quarter of FY13.
Reliance surprised the street on Friday by reporting higher than expected numbers, boosted by higher gross refining margins (GRMs). Net profit grew by 24 percent year-on-year (after four quarters of declining returns) to Rs 5502 crore in the quarter against the CNBC-TV18 poll estimate of Rs 5060 crore.

Attributing the good performance of the company to robust refining margins, chairman Mukesh Ambani said, "RIL's performance has improved in the quarter with margin expansion in petrochemicals and record earnings in the refining business."

GRMs, a measure of profitability stood at USD 9.6/bbl against USD 6.8/bbl,YoY. The company outperformed the benchmark Singapore complex refinery which recorded GRMs at USD 6.5/bbl during the quarter.

Mehul Thanawala, vice-president research, JM Financial Institutional Securities explains that the performance of the refining and petchem divisions aided Reliance to beat the street’s estimates.

Meanwhile Narendra Taneja, energy expert said that it was all a result of smart crude sourcing . "After restrictions from the US and Western countries on Iran they diversified. They now source mostly from Western Africa, Latin America and Venezuela" he added.

Shares shot up 4.18 percent at 09:26 hours IST on Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 302,348.70 cror

Major Headlines for the week: WPI for December 2012 comes at 7.18%  CPI for December 2012 comes at 10.56% Wipro Q3 consolidated net up 18%, beats estimate; stk slips 4% RIL Q3 net profit surges 24% TCS Q3 consolidated net profit up 26%  Indian indices Welcome to the 'Weekly Market Wrap' for the week ended January 18, 2013: The Indian markets ended the third trading week of 2013 on a cheerful note. A flurry of good newsflow boosted investor sentiment. The week gone by was the third trading session of 2013. The key benchmark indices touched the two year high level seeing good rally in the markets after the government hiked diesel price, which was seen reducing subsidy burden. Adding further, the government's decision to defer the implementation of the General Anti Avoidance Rules (GAAR), which seeks to tax foreign investors, by two years until April 01, 2016, further added to the rally. The key benchmark indices gained in four out of five trading sessions. The BSE Sensex shut shop at its highest closing level since January 06, 2011 while the NSE Nifty ended at its highest level since January 05, 2011. The BSE Mid-Cap index rose 0.12% and the BSE Small-Cap index fell 1.13%. Both these indices underperformed the Sensex. The BSE Sensex rose 375.40 points or 1.91% to 20,039.04, while NSE Nifty rose 113.10 points or 1.90% to 6,064.40. Weekly market trend from January 14-January 18, 2013: On January 14, 2013, Key indices ended near day's high as lower than expected inflation figures brought cheer on the streets backed by optimism in IT stocks ahead of TCS Q3 results and also due to the decision taken by government to defer the implementation of GAAR by two years until April 01, 2016. The Sensex ended at 19906.41, up by 242.77 points, while the Nifty shut shop at 6024.05, up by 72.75 points. On January 15, 2013, the markets rose for the second day following gains in European stocks which aided rally on the domestic bourses. The strong note was led by rate cut hopes and buying in software makers after better-than-expected results by TCS. The Sensex ended at 19986.82, up by 80.41 points, while the Nifty shut shop at 6056.60, up by 32.55 points. On January 16, 2013, the Indian stocks lost grounds after gaining for two-straight sessions as weakness was seen in rate sensitive sectors, investors booked profit after the RBI chief reported media saying that inflation was "still quite high", denting hopes of a 50 basis points rate cut this month. The Sensex shed 169.19 points to close at 19817.63 while the Nifty slipped 54.75 points to end at 6001.85. On January 17, 2013, the rise in the markets was led by gains in state-run oil companies after the government allowed them to set diesel prices, despite uncertainty about the specifics of the announcement. Index heavyweight Reliance Industries (RIL) also kept the markets on an upbeat mode ahead of its quarterly earning results. The Sensex surged 146.40 points to close at 19964.03, while the Nifty advanced 37.35 points higher to settle at 6039.20. On January 18, 2013, gains in the market was led by OMCs which surged for second consecutive session after the government's hiked diesel price reducing their subsidy burden. The NSE Nifty hit the 6060 for the first time in 2013 while the BSE Sensex comfortably surpassed 20000 mark. The Sensex closed at 20039.04, up by 75.01 points, while the Nifty rose by 25.20 points to close at 6064.40. Global indices: All the global markets closed the week on a positive note baring DAX100 which was down by 0.17%. Shanghai Comp rose by 3.30%, followed by Hang Seng which surged by 1.45%, Dow Jones advanced by 1.20% and Nikkei up by 1.03%. Sectoral and stock screening: Among the 13 sectoral indices, top gainers- BSE Oil&Gas up by 8.91%, BSE Realty rose 7.73%, BSE PSU by 4.67%. Top losers: BSE Auto fell by 2.88%, BSE Metal slipped 1.44% and BSE HC was down by 0.89%.  Looking at the 'A' group stocks, the top three gainers of the week were - Indian Oil Corporation up by 21.99%, Infosys up by 20.23% and BPCL up by 13.92%. The top three losers of the week were - United Breweries fell by 20.07%, Exide Industries fell by 12.20% and Jaiprakash Power Ventures fell by 11.41%.  FII/MF activity The foreign institutional investors (FIIs) have been net buyer of the Indian stocks worth a net of Rs3812 crore, while the domestic investors were net sellers of Indian stocks to the tune of Rs581.50 crore till January 17, 2013. Market Outlook The next set of Q3 December 2012 results will set the trend for the equity market in the near term. Results: UltraTech Cement, HDFC, NTPC, Asian Paints, Cairn India, Hindustan Unilever (HUL) and Kotak Mahindra Bank, L&T and Sesa Goa, Maruti Suzuki India. The Reserve Bank of India (RBI) will undertake the Third Quarter Review of Monetary Policy 2012-13 on 29 January 2013. Reserve Bank of India Governor D. Subbarao's recent comments on high inflation have tempered expectations of an interest rate cut at the central bank's policy meeting on 29 January 2013.