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BSE Sensex: (8840) the market opened above 9236 but could not sustain above and has shed all its gain and closing in the negative. We could now see some volatility but the market could come down.

Titan Industries
RESEARCH: JM Financial
RATING: BUY
CMP: RS 932

Yes Bank
RESEARCH: Deutsche Bank
RATING: Hold
CMP: RS 61

Colgate Palmolive
RESEARCH: HSBC
RATING: Overweight
CMP: RS 385

ICICIdirect.com has recommended to buy Glory Polyfilms above Rs 171 with a stoploss of Rs 170 and targets of Rs 182/192/higher.

ICICIdirect.com has recommended to buy Wipro above Rs 225 with a stoploss of Rs 224 and target of Rs 250/Rs 300/higher.

ICICIdirect.com has recommended to buy Axis Bank above Rs 391 with a stoploss of Rs 390 and target of Rs 420/ Rs 460/ higher.

ICICIdirect.com has recommended to buy JSL above Rs 28 with a stoploss of Rs 27.5 and target of Rs 32/ Rs 40/higher.

Angel Broking has recommended a buy rating on Pantaloon Retail with a target price of Rs 284 in its December 1, 2008 research report. “Indian Retail Industry is a derivative of the growing economy, changing demographics and preferences of the Indian consumers. According to industry and our estimates, Nominal GDP growth of 12% over CY2008-CY2010E coupled with estimated growth of 7% in the Real private final consumer expenditure (PFCE) of Indian consumers will drive growth of the Total Indian Retail industry to reach US USD 640 billion by CY2010E. We estimate Organised Retail in India to grow at a CAGR of 35% over CY2008-10E to USD 46 billion. Few key drivers of growth of Organised Retail in India are increase in disposable income, growing aspiring middle class segment, increase in investments in Retail, Tier-II and III cities which would drive long-term growth of Organised Retail. Key challenges facing Organised Retail in India are acceptance of Organised Retail by the Traditional retailers (which is leading to tougher regulatory measures by the government), supply chain inefficiencies, high real estate costs and high execution risks in terms of store rollouts.”

HDFC Securities remains positive on Mercator Lines following better yield from the tanker segment, fewer ships in the spot market, stable contribution from dredgers and income from the sale of coal.

ICICIdirect.com has recommended to buy DLF above Rs 193 with a stoploss of Rs 192 and targets of Rs 199/210/higher.

Harit Shah of Angel Broking expects Tanla Solutions to do quite well going forward. Over the next 4-5 years one should expect data revenues to pick up so this a pretty scalable business.