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Moneycontrol News Archive : 1 Arch, 2004

  • Stock Watch: GAIL and Nuclues Software

    31st December, 2004 20:19

    BSE Member Ramesh Damani is bullish on GAIL and Nuclues Software in the coming days.

  • Sector Watch: Cement, media and gas

    31st December, 2004 20:00

    BSE Member Ramesh Damani and S Nagnath of DSP Merril Lynch are bullish on cement, engineering, technology, banking, and pharma.

  • Govt to invest Rs 125 cr in warning tech

    31st December, 2004 18:44

    The government will invest Rs 125 crore rupees in installing a tsunami monitoring and early warning equipment.

  • MFs set to storm markets with new schemes

    31st December, 2004 18:17

    The new year is all set to bring in mutual fund, MF, schemes you have never heard off before. Three dozen offer documents are filed with SEBI over the last couple

  • Jain bullish on hotel stocks like EIH

    31st December, 2004 17:26

    Nirmal Jain, Managing Director at 5paise India Infoline said investors may buy into hotel stocks like EIH which is driven more by business travellers.

  • Dwarikesh Sugar closes at Rs 133.55 on BSE

    31st December, 2004 17:07

    Dwarikesh Sugar listed at Rs 105.30 on the Bombay Stock Exchange today. The stock closed at Rs 133.55 a gain of over 105% over its issue price of Rs 65.

  • MF equity IPOs mop up Rs 3,634 cr in 2004

    31st December, 2004 16:39

    Money garnered by equity IPOs soared to Rs 3,634 crore from 30 schemes as against Rs 519 crore by 10 schemes in 2003, while the Indian MF industry mopped up around

  • Pharma industry set for product patent era

    31st December, 2004 16:11

    As India enters the product patent regime tommorow, the country's pharmaceutical industry is getting ready to meet challenges in the drug price war.

  • Sensex closes firm, up 13% from last year

    31st December, 2004 15:57

    The Sensex closed up on a firm note with a gain of 80.15 points, or 1.23% at 6,603, gaining 13% from last year's close of 5,839 points. The Nifty closed up 20.7 po

  • Markets on a year end party: Midcaps rally

    31st December, 2004 15:52

    The markets ended the year on a positive note. Most of the media, bank, technology, cement, pharma, and auto stocks rallied but metal stocks corrected.

  • Book profit in Bharati Shipyard: Bhushan

    31st December, 2004 15:38

    Vijay Bhushan is of the view that investors should book profit in Bharati Shipyard at current levels.

  • Sundram Fasteners target seen at Rs 140-150

    31st December, 2004 15:22

    Vijay Bhambwani is of the view that Sundram Fasteners can go upto Rs 140-150. However, a stoploss of Rs 105 is advised.

  • Bayer gets Rs 258 mn from MaterialScience

    31st December, 2004 14:53

    Bayer ABS has informed the BSE that the company has received Rs 257.60 million from Bayer MaterialScience AG, Germany.

  • TV Today Network rallies on

    31st December, 2004 14:50

    TV Today Network has touched an intraday high of Rs 103.25. At 2:32 pm the share is quoting at Rs 101.40, up Rs 6.95, or 7.36%

  • Rosneft takes steps to takeover Yukos unit

    31st December, 2004 14:48

    Rosneft moved on Friday, to take control of stricken oil major Yukos's key unit, Yuganskneftegaz, bought at a controversial auction which Yukos is challenging in t

  • NDTV puts on a good show

    31st December, 2004 14:44

    New Delhi Television, NDTV, has touched a 52-week high of Rs 144.55. At 2:31 pm the share is quoting at Rs 142, up Rs 20.20, or 16.58%.

  • Sensex tests 6,600: Banks in demand

    31st December, 2004 14:36

    The Sensex has touched an intraday high of 6,602.53 amid sustained buying interest. Cement, bank, tech, media, and pharma shares all have flared up. Auto and refin

  • Max India scales new heights

    31st December, 2004 14:10

    Max India has touched a 52-week high of Rs 310.20. At 2:02 pm the share is quoting at Rs 304.45, up Rs 37.20, or 13.92%.

  • Samtel India scales new heights

    31st December, 2004 14:07

    Samtel India has touched a 52-week high of Rs 32. At 1:37 pm the share is quoting at Rs 31.30, up Rs 2.95, or 10.41%

  • Hindustan Motors riding high

    31st December, 2004 14:00

    Hindustan Motors has touched an intraday high of Rs 22.95 and an intraday low of Rs 19.65. At 1:37 pm the share is quoting at Rs 22.50, up Rs 3.05, or 15.68%.

  • Kotak Mahindra target seen at Rs 340-350

    31st December, 2004 12:54

    Vijay Bhambwani is of the view that investors can target Rs 340-350 in Kotak Mahindra Bank. However, a stoploss of Rs 235-240 is advised.

  • Glenmark is a buy on dip stock: Sukhani

    31st December, 2004 12:35

    According to technical analyst, Sudarshan Sukhani, Glenmark Pharma is a buy on dip stock.

  • Buy Himatsingka; to climb to Rs 450-500

    31st December, 2004 12:29

    Himatsingka Seide will head up to Rs 450-500 levels and is a good bet for investors to pick up, says analyst Kartik Mahadevan of Cholamandalam Securities.

  • Tisco is in an uptrend, says Mathew

    31st December, 2004 12:24

    According to technical analyst, E Mathew, Tisco is in a strong uptrend.

  • TCS looks good on the charts, says Mathew

    31st December, 2004 12:18

    According to technical analyst, E Mathew, TCS is looking good on charts but on dips.

  • Pujara bullish on banking stocks

    31st December, 2004 12:14

    Derivatives analyst Kashyap Pujara of Sushil Global Commodities says that banking looks good, and will go up.

  • Pantaloon, Trent will gain more: Agarawal

    31st December, 2004 12:05

    Pantaloon and Trent Limited will move up further on the bourses, despite the run-up already, says Alok Agarawal of Motilal Oswal Securities.

  • State Bank of Mysore on a roll

    31st December, 2004 12:01

    State Bank of Mysore has touched an intraday high of Rs 2,218.05. At 11:27 am the share is quoting at Rs 2,218, up Rs 369.60, or 20%.

  • Bhagwati Auto hits a new high

    31st December, 2004 12:00

    Bhagwati Auto has touched a 52-week high of Rs 35. It has touched an intraday low of Rs 32.25. At 11:50 am the share is quoting at Rs 35, up Rs 5, or 16.67%.

  • Hold Pantaloon Retail, says Bhambwani

    31st December, 2004 11:55

    Vijay Bhambwani is of the view that investors should hold Pantaloon Retail. They can book 50-75% in the stock at Rs 850.

  • Agarawal bullish on Bell & Kajaria Ceramics

    31st December, 2004 11:48

    Bell Ceramics and Kajaria Ceramics will have good growth in the coming year and are good picks in the midcap construction space, says Alok Agarawal of Motilal Oswa

  • Inflation falls to 6.5% from 6.73%

    31st December, 2004 11:36

    Inflation in India slowed down to 6.50% on year in the week to Dec 18, from 6.73% in the previous week as prices of food and manufactured goods fell.

  • Pujara picks ACC, Grasim, Guj Ambuja

    31st December, 2004 11:20

    Derivatives analyst Kashyap Pujara of Sushil Global Commodities is bullish on cement.

  • Balaji Telefilms declares huge div, stock up

    31st December, 2004 11:10

    Balaji Telefilms has touched a 52-week high of Rs 130.85. At 10:47 am the share is quoting at Rs 117.05, up Rs 8, or 7.34%.

  • Sensex may test 6675, Nifty 2120 pts: Pujara

    31st December, 2004 11:05

    Data from the F&O segment indicates that the markets are poised for a rally. Derivatives analysts, Kashyap Pujara sees the Sensex and the Nifty testing new highs i

  • Markets up on broadbased buying

    31st December, 2004 11:00

    The markets have gained on the back of the strength in the bank, cement, tech, media, consumer durables, and pharma shares. Gains are also seen in auto, refinery a

  • Samtel Colour hits a new high

    31st December, 2004 10:55

    Samtel Colour has touched a 52-week high of Rs 101.40. It has touched an intraday low of Rs 93.90. At 10:50 am the share is quoting at Rs 99.60, up Rs 6.95, or 7.5

  • Dwarikesh Sugar sees sales up 50% by Sep

    31st December, 2004 10:51

    Dwarikesh Sugar listed on the bourses today. The company expects sales to grow by 50%, by September. Analysts are bullish on the stock, and advise shareholders not

  • Correction after FII flow ebbs: ICICI Direct

    31st December, 2004 10:39

    According to Anup Bagchi, COO of ICICI Direct, markets would see a correction if the FII flows, which is the only source of liquidity, ebbs.

  • Sail looks better than Bhushan Steel: Lal

    31st December, 2004 10:17

    Javeri Lal is of the view that investors can get better returns in Sail as compared to Bhushan Steel.

  • RIC arm starts arbitration against VSNL

    31st December, 2004 10:02

    FLAG, a wholly-owned subsidiary of Reliance Infocomm has accused the state-owned giant, VSNL, for its allegedly 'monopolistic behaviour.'

  • Bharati Shipyard among major gainers

    31st December, 2004 09:55

    Bharati Shipyard has touched a 52-week high of Rs 139.70. At 9:59 am the share is quoting at Rs 139.70, up Rs 10.35, or 8%.

  • Market up: Bank, tech, cement & oil gains

    31st December, 2004 09:50

    The markets have bounced back after correcting yesterday. Most of the bank, technology, cement, and oil stocks have gained. Buying interest is also seen in several

  • Dwarikesh Sugar debuts today

    31st December, 2004 09:37

    Dwarikesh Sugar has made an impressive debut on the indices. It opened at Rs 105.30 on the BSE.

  • Deutsche India Equity IPO mops up $70mn

    31st December, 2004 09:12

    Deutsche India Equity Fund IPO has collected $70 million, roughly translating into Rs 350 crore.

  • Insurance claims expected to touch Rs 600 cr

    31st December, 2004 09:07

    General insurance companies have so far received claims worth about Rs 50 crore, primarily for vehicles.

  • Rupee touches a nine month high

    31st December, 2004 09:00

    The rupee touched a nine month high today on the back of a rise in several asian currencies.

  • Asian markets trading mixed

    31st December, 2004 08:44

    Asian markets are trading mixed. The Hang Seng is up while the Straits Times and the Taiwan Weighted are down.

  • Anil finds no takers for 'bonus issue'

    30th December, 2004 21:00

    Anil Ambani had made a diversionary move to stall the proposal for buyback of shares, but found himself up against the Reliance board, that solidly backed his elde

  • VAT system to be in place from April '05

    30th December, 2004 20:01

    Finance Minister P Chidambaram asserted that the system will be implemented from April 1, 2005.

  • Euro at new all-time high against Yen

    30th December, 2004 16:42

    The euro rose to a new all-time high against the yen amid holiday-thinned markets in Asia today.

  • Expert bullish on Nalco, Tata Tele and more

    30th December, 2004 16:40

    Technical analyst, Anil Manghnani, is bullish on Centurion Bank, Nalco, and Tata Teleservice.

  • Buy ACC at Rs 305-310, says Shah

    30th December, 2004 16:37

    Rajen Shah is of the view that investors can invest in ACC if it falls to Rs 305-310.

  • Punjab Tractors target seen at Rs 260: Shah

    30th December, 2004 16:22

    Rajen Shah is of the view that Punjab Tractors can go upto Rs 260 in a year.

  • Bonds and rupee end weak

    30th December, 2004 16:13

    The rupee has ended weak. Government bond prices are lower as traders are still unsure if the bond auction scheduled for the first week of January will be cancelle

  • Gammon sees Rs 4500cr order book by March

    30th December, 2004 15:51

    Construction midcap claims to have bagged 50 to 60 projects, pushing its cumulative work-order list to Rs 4000 crore over the next three to four years.

  • NEPC India is a long term play: Shah

    30th December, 2004 15:43

    Rajen Shah is of the view that NEPC India is a long term play.

  • Exit Indraprastha Gas, buy Escorts: Shah

    30th December, 2004 15:25

    Rajen Shah is of the view that investors should exit Indraprastha Gas and invest in Escorts at current levels.

  • International SOS goes looking for clients

    30th December, 2004 15:08

    International SOS is a corporate relief medical and security service provider, with 6,200 clients worldwide.

  • Denso hits a 52-week high

    30th December, 2004 15:02

    Denso India has touched a 52-week high of Rs 82.35. It has touched an intraday low of Rs 68. At 2:55 pm the share is quoting at Rs 73, up Rs 4.35, or 6.34%.

  • Gujarat waiting for better prices: PK Laheri

    30th December, 2004 14:53

    Chief secretary for the government of Gujarat today said that the news of reported government foot-dragging over disinvesting state-owned units is being twisted ou

  • Gail best bet for long term investors: Shah

    30th December, 2004 14:49

    Rajen Shah is of the view that Gail India is the best bet for long term investors.

  • Bhagwati Auto drives to a new high

    30th December, 2004 14:36

    Bhagwati Auto has touched a 52-week high of Rs 30. It has touched an intraday low of Rs 25.25. At 2:19 pm the share is quoting at Rs 29.25, up Rs 4.25, or 17%

  • Budget session to begin after Feb 20: Azad

    30th December, 2004 14:20

    The Budget session of Parliament will not not begin before February 20, Parliamentary Affairs Minister Ghulam Nabi Azad said today.

  • Exit Avon Organics, buy India Cements: Shah

    30th December, 2004 14:11

    Rajen Shah is of the view that investors should switch over to India Cements from Avon Organics for better returns.

  • Market slides on fresh tsunami warnings

    30th December, 2004 13:47

    The market has slipped into the red amid concerns over the fresh tsunami alert. The oil, auto, FMCG, and technology stocks are trading lower. Several midcap stocks

  • Harvard B students check out India

    30th December, 2004 13:44

    Harvard Business School students are looking at India as a potential business hotspot as well as take time out to explore the tourism scenario.

  • Sell 50% of Kajaria Ceramics, says Shah

    30th December, 2004 13:42

    Gaurang Shah is of the view that investors should sell 50% of Kajaria Ceramics.

  • Book part profit in Duncans Industries: Shah

    30th December, 2004 13:01

    Gaurang Shah is of the view that investors should book part profit in Duncans Industries.

  • OBC public issue likely at Rs 300-325

    30th December, 2004 12:49

    OBC will raise about Rs 1500 crore through a second public offer, to be priced at Rs 300-325. The bank has ruled out any mergers, till the operations of GTB are pr

  • Bank of Rajasthan should go to Rs 100: Gaba

    30th December, 2004 12:33

    According to technical analyst, Prakash Gaba, Bank of Rajasthan should go to around Rs 100.

  • Cement, steel, to be the key sectors of 2005

    30th December, 2004 12:16

    According to analyst, Dipan Mehta, cement, steel, and engineering sectors are going to be key growth story in the coming year.

  • Markets rangebound: Cement & metals firm

    30th December, 2004 12:12

    The markets are drifting in a narrow range. Gains are seen in the cement, metal, telecom stocks but the refinery shares are depressed. Several midcap shares have g

  • Valuations of Dhampur Sugar look stretched

    30th December, 2004 12:08

    According to analyst, Dipan Mehta, Dhampur Sugar's valuations look stretched.

  • Buy HOEC, Sail on declines: Shah

    30th December, 2004 11:58

    Gaurang Shah is of the view that investors can buy Hindustan Oil Exploration Company and Sail on a decline.

  • ITC should come to Rs 1310, says Gaba

    30th December, 2004 11:50

    According to technical analyst, Prakash Gaba, ITC is an investment stock and should come to around Rs 1310.

  • Buy Bank of Punjab if dips to Rs 25: Shah

    30th December, 2004 11:42

    Gaurang Shah is of the view that investors can buy Bank of Punjab if it dips to Rs 25.

  • Gaba bullish on ACC, can go to Rs 380

    30th December, 2004 11:38

    Technical analyst, Prakash Gaba, is bullish on ACC and said that its structure is such that it can go to Rs 380.

  • Spanco Telesystems on the roll

    30th December, 2004 11:29

    Spanco Telesystems and Solutions has flared up 9.94% to Rs 64.70 by 11:34 am on strong buying interest.

  • Markets up: Cement, telecom shares firm

    30th December, 2004 11:17

    The markets have gained on the back of the strength in the cement, tech, and telecom shares. Gains are also seen in pharma, metal, and media stocks. Refinery share

  • Domestic consumption to drive growth: Expert

    30th December, 2004 11:00

    Shashank Khade of Kotak Securities says that domestic consumption will drive growth, and the markets, in 2005.

  • Book 25% profit in Paper Products, says Shah

    30th December, 2004 10:48

    Gaurang Shah is of the view that investors should book 25% profit in Paper Products at current levels.

  • Cement looks positive on F&O side: Mutha

    30th December, 2004 10:42

    Derivatives analyst Karun Mutha says that Gujarat Ambuja, ACC, and Grasim are looking positive going into the January series.

  • Buy at the money call at 2100, sell 2070 put

    30th December, 2004 10:37

    Derivatives analyst Karun Mutha recommends buying an at the money call and selling an out of money call, around 2100 strike. He also suggests selling 2070 put.

  • Market to stay choppy, trend bullish: Mutha

    30th December, 2004 10:30

    Though analyst Karun Mutha predicts a choppy session in F&O trade today, he remains bullish going into the January series.

  • Hold Patni, likely to touch Rs 400-425: Shah

    30th December, 2004 10:15

    Gaurang Shah is of the view that investors can target Rs 400-425 in Patni Computer in two months.

  • IndusInd Bank minting money

    30th December, 2004 10:10

    IndusInd Bank has vaulted 5.90% to Rs 60.10 on reports that higher cap for FDI in banking is likely in the next few days.

  • Eicher continues to buzz on the bourses

    30th December, 2004 10:02

    Eicher has zoomed 5.36% to Rs 116.90 as buying continued unabated on this counter.

  • Sensex tests 6600: Action in telecom

    30th December, 2004 09:52

    The markets have opened on a positive note. Buying interest is seen in several of the telecom and bank stocks. Modest gains are also seen in the technology shares

  • Telecom, banks expected to do well: Baliga

    30th December, 2004 09:46

    Ambareesh Baliga of Karvy Stock Broking, said that yesterday's correction will continue and sectors especially telecom and banks will outperform.

  • Insurers get nod to outsource functions

    30th December, 2004 09:36

    IRDA has allowed private life insurers to outsource some of the investment functions.

  • MFs gear up to meet investor rider fallout

    30th December, 2004 09:22

    Fund houses have already taken steps to ensure that they are not unduly hit by the winding up of schemes at the end of the year.

  • PruICICI Tax Plan declares 25% dividend

    30th December, 2004 09:20

    Prudential ICICI Mutual Fund has declared 25% dividend under its tax plan.

  • Aid pours in for Tsunami-hit areas

    30th December, 2004 09:10

    The Haryana government has announced a financial assistance of Rs 3 crore (Rs 30 million) for relief and rehabilitation of those affected by the tsunami in Tamil N

  • Markets could be volatile, says Sukhani

    30th December, 2004 09:00

    Today being the F&O expiry day, markets could be volatile, says Sukhani.

  • Asian markets trading higher

    30th December, 2004 08:52

    Asian markets are trading higher. Tokyo's Nikkei average ended the half-day session up 0.94% at 11,488.76.

  • Wall Street ends lower on profit taking

    30th December, 2004 08:39

    Wall Street closed lower as surging oil prices and weak dollar prompted investors to take profits.

  • RIL: Modi and Parikh may control more

    29th December, 2004 19:38

    The Reliance trail of funds winds it's way from Mumbai to Ahmedabad and narrows down to three companies, that may have funded the entire web.

  • Happy new year for insurance sector: Survey

    29th December, 2004 18:17

    An AC Nielsen-ORG MARG survey of about 7,000 people across 17 cities reveals that 14% of people who already own a life insurance policy, are likely to get another

  • Amul to set up three plants worth Rs 1.5bn

    29th December, 2004 17:39

    Amul is planning to set up three plants in Mumbai, Kolkata and Gurgaon (Haryana) this year, with a total investment of Rs 1.5 billion.

  • NSE futures see 66% rollovers today

    29th December, 2004 16:28

    Healthy rollovers were seen in the F&O segment, accompanied by huge volumes. Nearly 66% of positions in the NSE futures have been rolled over.

  • Avoid Centurion Bank; buy SBI or ICICI Bank

    29th December, 2004 16:17

    TS Harihar is of the view that investors should avoid Centurion Bank. They can invest in Canara Bank, Bank of Baroda, SBI, Vijaya Bank, Syndicate Bank, ICICI Bank

  • Govt bond auctions to run as scheduled: RBI

    29th December, 2004 16:00

    The RBI and the Ministry of Finance have decided that the government's borrowing calendar will not be disturbed, and the January bond auction will carry on as sche

  • Textile firms' margins may take a hit in '05

    29th December, 2004 15:50

    The textiles industry - especially organised players - are well placed to make the most of the post Jan 1 quota free regime. The industry is upbeat, though analyst

  • Market ends flat amid choppy trade

    29th December, 2004 15:48

    The Sensex closed flat after slipping from an all-time high of 6617.15 touched in early trade. Cement & aluminium stocks were firm but auto, steel, oil, telecom, &

  • Gail to take 33% stake in IOC's LNG terminal

    29th December, 2004 15:35

    Gail will take 33 per cent stake in IOC's proposed liquefied natural gas (LNG) import terminal at Ennore in Tamil Nadu.

  • Dr Rangarajan heads PM's Economic Cell

    29th December, 2004 15:28

    Prime Minister Manmohan Singh's new Economic Advisory Council consists top economists, who are expected to brief him every month on economic developments.

  • OVL & Equator agree to bid for oil blocks

    29th December, 2004 15:16

    ONGC Videsh has entered into an agreement with Equator Exploration to jointly bid for oil blocks in West Africa.

  • Cane arrears affect Dhampur's Q4 results

    29th December, 2004 15:05

    Dhampur Sugar's fourth quarter results have been short of expectations. Joint Managing Director at the company Gaurav Goel says that the loss is a one-time loss b

  • Steel price may prove costly for Railways

    29th December, 2004 14:50

    Hit hard by additional expenses of Rs 400 crore, Indian Railways plans to explore substitutes to steel, make aluminium carriages.

  • Welspun Gujarat: Keep stoploss of Rs 42.50

    29th December, 2004 14:29

    VK Sharma is of the view that investors should keep a stoploss of Rs 42.50 in Welspun Gujarat.

  • Markets choppy: Cement stocks gain

    29th December, 2004 14:27

    The markets have recovered from lower levels following the gains in the index heavyweights Reliance, Infosys, ITC, and Hindalco. Midcap shares however, have correc

  • Don't buy Ind-Swift Labs now: Sharma

    29th December, 2004 14:08

    VK Sharma is of the view that investors should not invest in Ind-Swift Laboratories at present as it has gone up significantly.

  • JK Corporation hits a high

    29th December, 2004 14:00

    JK Corporation has touched a 52-week high of Rs 42.95. At 2:05 pm the share is quoting at Rs 42.10, up Rs 2.80, or 7.12%.

  • Hot Wheels: CNBC-TV18 Autocar Award

    29th December, 2004 13:57

    It's that time of the year again. Who'll get the CNBC-TV18 Autocar Award?

  • NTPC to continue to outperform: Mahadevan

    29th December, 2004 13:22

    NTPC will continue to outperform, said Kartik Mahadevan of Cholamandalam Securities.

  • Bhambwani likes Amtek and Omax Auto

    29th December, 2004 12:47

    Amongst the auto ancilliary midcap segment, technical analyst, Vijay Bhambwani, likes Amtek Auto and Omax Auto.

  • Mahadevan remains neutral on Reliance

    29th December, 2004 12:27

    Kartik Mahadevan of Cholamandalam Securities, continues to remain neutral on Reliance Industries.

  • BHEL gets Rs 4.10bn power plant contract

    29th December, 2004 12:23

    One of India's largest engineering companies, Bharat Heavy Electricals, BHEL has won a contract worth Rs 4.10 billion to build a power plant in the eastern state o

  • FMCG cos hope to add volumes, value in 2005

    29th December, 2004 12:18

    The FMCG sector looks set to outperform the market in the coming year, because of price restructuring and capex plans lined up, but cost pressures are also likely

  • Gulf exclusive domain of AI, IA for 3 years

    29th December, 2004 12:17

    Domestic airlines operating for more than five years can fly to overseas destinations, but the Gulf region will be reserved for the national carriers.

  • Expert likes M&M, Maruti, Bajaj Auto

    29th December, 2004 12:13

    Amongst the four wheeler segment, technical analyst, Vijay Bhambwani, likes Maruti, M&M, Tata Motors and in the two wheelers he likes Bajaj Auto. He is bearish on

  • US rate hike may see FIIs leave: Analyst

    29th December, 2004 12:05

    Chetan Parekh of Capitalideaonline.com says that the liquidity run in the markets is probably because foreign investors are hedging against the dollar by investing

  • PNB surges, top gainer on Nifty

    29th December, 2004 11:49

    PNB rose 3.31% to Rs 391.60 by 11:50 am on reports that it was conteding against Bank of Baroda to take over Allahabad Bank.

  • Ispat Industries loses ground

    29th December, 2004 11:40

    Ispat Industries has slipped 6.25% to Rs 24 off its day's high of Rs 26.80 on selling pressure after recent gains.

  • Tata Teleservices slips on profit taking

    29th December, 2004 11:27

    Tata Teleservices (Maharashtra) has plunged 10.38% to Rs 30.65 on profit taking after recent gains.

  • Gujarat NRE scales 52-week high

    29th December, 2004 11:19

    Gujarat NRE Coke has touched a 52-week high of Rs 189.85 on continued buying interest.

  • Aftek Infosys revs up on bonus announcement

    29th December, 2004 11:02

    Aftek Infosys has gained 4.61% to Rs 130.50 after the company announced a 1:2 bonus after trading hours yesterday.

  • Dhampur Sugar slips on dismal results

    29th December, 2004 10:46

    Dhampur Sugar Mills has plunged 7.73% to Rs 72.80 after the company posted a Q2 net loss of Rs 11.63 crore

  • Eicher gains further ground

    29th December, 2004 10:40

    Eicher has geared up 7.98% to Rs 108.95 by 10:30 am as buying gained further momentum on this counter.

  • Market may lose steam post Jan 7: Sharma

    29th December, 2004 10:26

    Derivatives analyst says that the market will be bullish for a while. However, the high number of outstanding positions on the F&O side could pose a concern once t

  • Elgi Equipments in demand

    29th December, 2004 10:18

    Elgi Equipments has spurted 9.04% to Rs 55.50 by 10:29 am on renewed buying interest.

  • Jhunjhunwala picks 5% in Mid Day, stock up

    29th December, 2004 10:02

    Mid Day Multimedia is locked at the 20% upper circuit following reports that Jhunjhunwala has bought 5.3% stake from its promoters.

  • Allahabad Bank minting money

    29th December, 2004 09:48

    Allahabad Bank has touched a 52-week high of Rs 78 on reports that BoB and PNB are the two possible contenders likely to take over Allahabad Bank.

  • Sensex crosses 6600 in opening trade

    29th December, 2004 09:43

    The markets have scaled new heights on the back of strong gains almost across the board. The steel, technology, pharma, bank, and the oil stocks are all trading hi

  • Sensex hits 6600

    29th December, 2004 09:32

    The Sensex has hit an all time high of 6600 today, after closing at an all time high of 6563.48 yesterday.

  • Patent ordinance lacks clarity: Pfizer

    29th December, 2004 09:22

    Starting 2005, the new product patent regime is set to spark off major conflicts between Indian and multinational drug companies.

  • MFs in chaos for want of clarifications

    29th December, 2004 09:20

    Industry players also fear that investors may choose banks FDs or small savings route over MFs where they do not have to comply with the MAPIN.

  • SEBI likely to relax MF investor norm

    29th December, 2004 09:17

    SEBI is now understood to be mulling over making the single investor norm applicable at the scheme level.

  • Market to remain rangebound: Bansal

    29th December, 2004 09:04

    Markets should remain ranged in the short-term, with a positive bias, says Bansal.

  • Tsunami leaves insurance firms divided

    29th December, 2004 08:58

    Insurance companies are divided on whether or not to give insurance to those who have deleted special perils like earthquake from their policy cover.

  • Oil rises on expectation of high oil demand

    29th December, 2004 08:47

    Crude oil futures rose amid speculation demand for heating oil that it may gain in the US, after weather forecasters said `unseasonably warm weather predicted this

  • Maldives postpones elections indefinitely

    28th December, 2004 20:29

    Maldives has postponed national elections indefinitely because of the devastation caused by the tsunami.

  • Subsidies on fertiliser under review

    28th December, 2004 19:20

    Montek Singh Ahluwalia, Deputy Chairman Planning Commission plans to take a hard look at free trade agreements, FTAs.

  • FDI inflows triples to $3.1 bn in seven mths

    28th December, 2004 19:08

    FDI into the country tripled to $3.1 billion in the first seven months of 2004-05.

  • Modi puts on hold disinvestment of 12 PSUs

    28th December, 2004 18:23

    With the markets at an all time high, the Gujarat government is keeping the divestment of 12 public sector units, PSUs, on hold.

  • Yale comes knocking on India's doors

    28th December, 2004 17:13

    The Ivy League school is here to recruit more Indian students.

  • South Indian Bank to unveil public issue

    28th December, 2004 16:39

    South Indian Bank, SIB, will come out with a public issue next year to mop up funds for expansion.

  • NCC bags NHAI order worth 955 crore

    28th December, 2004 16:21

    Construction company will develop packages 3, 4 and 6 of the east-west corridor in Gujarat jointly with Dealim India.

  • Sensex closes at an all-time high

    28th December, 2004 15:58

    The Sensex closed at an all-time high, up 50.45 points, or 0.77% at 6,563.48. The Nifty added 8.75 points. or 0.42% and closed at 2,071.35.

  • Bonds firmed as global oil prices plunged

    28th December, 2004 15:51

    The rupee ended strong. Bonds also firmed up as overnight plunge in global oil prices fanned hopes of lower domestic inflation and also on speculation that the ear

  • ONGC to start drilling at Sunderbans block

    28th December, 2004 15:44

    ONGC to start drilling at Sunderbans block by March, 2005 at a cost of Rs 500 crore.

  • Asian markets close higher

    28th December, 2004 15:42

    Asian markets have closed higher. Japan's Nikkei average was up 0.54% to 11,424.13, its highest close since July 21.

  • Essar to invest in steel project in Bengal

    28th December, 2004 15:38

    The Essar Group is keen to invest in a steel project in West Bengal, Chief Minister Buddhadev Bhattacharjee said.

  • BPB India Gypsum to set up plant in Mumbai

    28th December, 2004 15:25

    BPB India Gypsum,a market leader in gypsum products is setting up its third plant in Mumbai.

  • Book profit in IFCI at Rs 20-21: Mohindar

    28th December, 2004 15:22

    Dhiraj Mohindar is of the view that investors can book profit in IFCI if it goes upto Rs 20-21. However, a stoploss of Rs 11.50 is advised.

  • Hindalco among major gainers

    28th December, 2004 15:08

    Hindalco has flared up. It touched an intraday high of Rs 1,363. At 3:10 pm the share is quoting at Rs 1,362.85, up Rs 41.05, or 3.11%

  • Exit Reliance, buy NTPC: Mohindar

    28th December, 2004 14:57

    Dhiraj Mohindar is of the view that investors can exit Reliance. They could enter NTPC at Rs 83-84.

  • ONGC quoting ex-dividend today

    28th December, 2004 14:55

    Oil and Natural Gas Corporation, ONGC, has touched an intraday low of Rs 824. At 3:00 pm the share is quoting at Rs 825, down Rs 22.60, or 2.67%.

  • Markets up: Steel shares flare up

    28th December, 2004 14:52

    The markets are trading higher on the back of strong gains in the steel, aluminum, oil, and bank stocks. Some weakness however is seen in the auto and hotel shares

  • Vashisti Detergents among major gainers

    28th December, 2004 14:46

    Vashisti Detergents has touched an intraday high of Rs 19.70 and an intraday low of Rs 16.51. At 2:38 pm the share is quoting at Rs 18.50, up Rs 2.06, or 12.53%.

  • SBI Group posts 25% credit demand growth

    28th December, 2004 14:32

    SBI Group has posted about 25% growth of credit demand till date and its lending rates will remain stable in the short run.

  • Buy GNFC for long term, says Pruthi

    28th December, 2004 14:21

    Arvind Pruthi is of the view that long term investors can buy GNFC.

  • Tisco, top gainer on the Sensex

    28th December, 2004 14:17

    Tata Iron and Steel Company, Tisco, is the top gainer on the Sensex. It has touched a 52-week high of Rs 396.35.

  • Kalpakkam plant safe from tsunami: GOI

    28th December, 2004 14:10

    The government of India has said, the Kalpakkam nuclear power plant that was damaged by Sunday's tsunami is safe and there is no threat of radiation.

  • Only buyers in Clutch Auto

    28th December, 2004 14:00

    Clutch Auto is locked on the 10% upper circuit. There are pending buy orders of 226,533 shares, with no sellers available.

  • IOC may restart Koyali FCC in April 2005

    28th December, 2004 13:57

    India's largest petroleum refiner, IOC, may restart the Fluidized Catalytic Cracker, FCC, plant at the country's largest refinery by April 2005. The plant was clos

  • Zenith Computers moves ahead

    28th December, 2004 13:47

    Zenith Computers has touched an intraday high of Rs 29.50. At 1:53 pm the share is quoting at Rs 29, up Rs 1.45, or 5.26%.

  • Markets flare up: Action in midcap stocks

    28th December, 2004 13:40

    The markets have moved up on the back of strong gains in the steel, oil, auto, and telecom stocks. Several midcap sugar, gem, auto ancillary, and textile stocks ha

  • Keep stoploss of Rs 462 in Maruti: Sharma

    28th December, 2004 12:58

    According to technical analyst, Salil Sharma, for Maruti to continue with its rally it should close above Rs 475 on good volumes. Keep a stoploss of Rs 462.

  • L&T is psychologically strong: Gaba

    28th December, 2004 12:33

    According to technical analyst, Larsen and Tourbo is psychologically strong.

  • Look for a break out above Rs 376 in Tisco

    28th December, 2004 12:23

    One should look out for a break out above Rs 376 in Tisco, said technical analyst, Prakash Gaba.

  • Baliga positive on IOC, HPCL and BPCL

    28th December, 2004 12:09

    According to Ambareesh Baliga of Karvy Stock Broking, HPCL, BPCL, and IOC are still looking good from these levels.

  • Tsunami disaster hits Asian tourism

    28th December, 2004 12:07

    Sunday's tsunami caused severe damage to the south-eastern coastal regions of India which are popular holiday getaways. The impact will be felt on the tourism sect

  • Look at Rs 581 levels in M&M: Gaba

    28th December, 2004 12:00

    Technical analyst, Prakash Gaba is looking at the Rs 581 level in Mahindra and Mahindra.

  • Nicholas Piramal shoots to 52-week high

    28th December, 2004 11:58

    Nicholas Piramal has touched a 52 week high of Rs 341.45 after the stock was split on the bourses with effect from yesterday.

  • Foreign funds still bullish on India: Durham

    28th December, 2004 11:52

    While the Indian markets have already sucked up $ 8 billion during this fiscal, analysts say there is still more to come, and the Sensex should climb much high

  • ACC above Rs 324 can go to Rs 330: Gaba

    28th December, 2004 11:50

    According to technical analyst, Prakash Gaba, ACC can go to Rs 330 levels if it stays above Rs 324.

  • Short Reliance, says Gaba

    28th December, 2004 11:46

    Short Reliance Industries if there is a trading opportunity, said technical analyst, Prakash Gaba.

  • Downside in Dr Reddy's limited: Analyst

    28th December, 2004 11:22

    Market analyst Paras Adenwalla said further downside in Dr Reddy's is very limited.

  • Sensex tests 6550: Auto, steel, & oil gain

    28th December, 2004 11:15

    The markets have moved up on the back of the gains in the auto, steel, and oil stocks. Some buying is also seen in the cement and media shares.

  • RIL looks good for long term: Adenwalla

    28th December, 2004 11:05

    Market analyst Paras Adenwalla said, despite the ongoing dispute over ownership issues in Reliance, the stock is still a very good bet for the long term investor.

  • Moschip spurts on heavy volumes

    28th December, 2004 10:58

    Moschip Semiconductor Technology has vaulted 13.84% to Rs 45.65 by 10:54 am as buying gained momentum on this counter.

  • Analyst prefers Maruti to Tata Motors

    28th December, 2004 10:55

    Derivatives analyst Ashok Mittal prefers Maruti to Tata Motors in the auto pack.

  • Nocil makes smart gains today

    28th December, 2004 10:47

    Nocil has lunged up 5.53% to Rs 22.90 by 10:46 am on strong buying interest.

  • Buy put and call on Reliance, says expert

    28th December, 2004 10:42

    Derivatives analyst Ashok Mittal recommends buying both puts and calls on Reliance.

  • Sintex India soars to a 52-week high

    28th December, 2004 10:28

    Sintex India has touched a 52-week high of Rs 382 on fresh buying support.

  • Lumax Industries flares to 52-week high

    28th December, 2004 10:15

    Lumax Industries has flared to a 52-week high of Rs 138.80 as buying continued unabated on this counter.

  • Mid Day Multimedia up on large volumes

    28th December, 2004 10:07

    Mid Day Multimedia has moved up on large volumes. At 10:12 am the share is quoting at Rs 55.90, up Rs 6.85, or 13.97%.

  • HPCL top gainer on the Sensex

    28th December, 2004 10:00

    Hindustan Petroleum Corporation, HPCL, is the top gainer on the Sensex. At 10:08 am the share is quoting at Rs 398.50, up Rs 10.85, or 2.80%.

  • Markets open firm: Refinery stocks flare up

    28th December, 2004 09:48

    The markets have opened on a positive note. Buying interest is seen in the refinery, steel, cement, and auto stocks.

  • India to install Tsunami warning device

    28th December, 2004 09:41

    India will install a recording system in the Indian Ocean to get Tsunami warnings, and join a global network of countries exchanging information on impending tidal

  • Insurance firms gear up to face impact

    28th December, 2004 09:20

    Insurance companies estimate huge loss on account of cover extended to socially disadvantaged people killed in the calamity.

  • Asian markets trading higher

    28th December, 2004 08:56

    Asian markets are trading higher. The Nikkei is up 37.75 points at 11,400.10, rising above 11,400 for the first time since October 7.

  • Drugs may not be unduly dear in patents era

    28th December, 2004 08:44

    While prices of life saving drugs may go up in the product patent regime, industry watchers say that the fall out for the common man may be less drastic than expec

  • Stocks decline on Wall Street

    28th December, 2004 08:42

    US stocks closed lower on concerns over the economic impact of the Asian earthquake. The Dow fell 51 points to 10,776.13.

  • Crude prices plunge almost $3

    28th December, 2004 08:14

    Crude prices plunged almost $3 a barrel on speculation that higher than normal temperatures in the US will limit heating oil needs.

  • RBI & govt to review current liquidity

    27th December, 2004 20:40

    The government and the Reserve Bank of India, RBI, are to meet on Wednesday, to review the current liquidity situation.

  • Product patents to come into force on Jan 1

    27th December, 2004 19:43

    Product patents for food, drugs and chemicals will come into effect from January 1, 2005, with the the President signing a decree on Sunday evening.

  • GSK's anti-diabetes drug to come into India

    27th December, 2004 18:53

    GSK 's anti-diabetes drug Rosiglitazone, globally called Avandia may finally make it to the Indian markets.

  • Gail to hold 29% in Tripura Natural Gas

    27th December, 2004 17:00

    Gail India has said that it will hold a 29% stake in joint-venture firm Tripura Natural Gas, which will distribute gas for retail in the north-eastern state of Tri

  • SEBI to look at insider trading allegations

    27th December, 2004 16:27

    Securities and Exchange Board of India, SEBI, will examine the legal aspects of alleged insider and unfair trading practices in Reliance Industries' scrip.

  • Strong volumes in F&O trade; RIL most active

    27th December, 2004 16:10

    F&O trade saw strong volumes and healthy rollovers today, with Reliance accounting for nearly 10% of volumes on the futures side.

  • And they turned 'bananas into wine'

    27th December, 2004 15:56

    India is one of the largest producers of bananas and the Indian scientists are putting that to good use, by making wine from bananas which will help boost the Indi

  • Tax reforms on anvil for four sectors: FM

    27th December, 2004 15:51

    The Finance Minister has said that the four sectors of textile, petroleum, sugar and telecom needed major tax reforms. These could be announced in the coming budge

  • Market ends off highs: Reliance group weak

    27th December, 2004 15:44

    The markets closed off the days high due to the weakness in the index heavyweights Reliance, ONGC, Infosys, and Wipro. Steel and cement shares however firmed up.

  • Asian markets close lower

    27th December, 2004 15:41

    The Asian markets ended lower today on the back of losses in travel stocks, which were sold after Sunday's devastating earthquake and tsunami in Asia.

  • Premji buys land in Greater Noida, UP

    27th December, 2004 15:35

    India's leading information technology czar, Chairman of Wipro Corp, Azim Premji has bought a 150-acre plot of land at Greater Noida in Uttar Pradesh, to set up an

  • Stay invested in Kamat Hotels: Nagpal

    27th December, 2004 15:08

    Gajendra Nagpal of Unicorn Financial Intermediaries said investors may stay invested in Kamat Hotels.

  • Bank of Maharashtra vaults higher

    27th December, 2004 14:59

    Bank of Maharashtra has touched an intraday high of Rs 38.35. At 2:53 pm the share is quoting at Rs 36.95, up Rs 1.80, or 5.12%.

  • Hold Dena Bank, buy more: Patel

    27th December, 2004 14:57

    Market analyst Paras Patel said investors may hold Dena Bank. He also recommends fresh buying in the stock.

  • Whirlpool on the move

    27th December, 2004 14:51

    Whirlpool has touched an intraday high of Rs 23.50. At 2:53 pm the share is quoting at Rs 22.45, up Rs 1.40, or 6.65%.

  • Hold Alok Industries for long term: Analyst

    27th December, 2004 14:45

    Alok Industries is in an uptrend, and investors may hold the stock for the long term, says technical analyst Anil Manghnani.

  • Only buyers in Pantaloon Textiles

    27th December, 2004 14:38

    Pantaloon Textiles is locked on the 10% upper circuit with pending buy orders of 14,855 shares, with no sellers available.

  • Buy Sesa Goa at Rs 900: Manghnani

    27th December, 2004 14:29

    Technical analyst Anil Manghnani said he has a long term target of Rs 1,360 on Sesa Goa. He said investors may buy the stock at Rs 900.

  • PM announces ex-gratia for tsunami victims

    27th December, 2004 14:20

    Prime Minister Manmohan Singh has announced an ex-gratia payment of Rs 100,000 to the next of kin of those killed in Sunday's tsunami calamity.

  • Clutch Auto hits a 52-week high

    27th December, 2004 14:11

    Clutch Auto has touched a 52-week high of Rs 60.10. At 2:20 pm the share is quoting at Rs 60, up Rs 5.35, or 9.79%.

  • Mazda Controls has hit a 52-week high

    27th December, 2004 14:04

    Mazda Controls has touched a 52-week high of Rs 58.45. At 2:02 pm the share is quoting at Rs 57.50, up Rs 8.10, or 16.40%.

  • Chennai port closed for 24 Hours

    27th December, 2004 13:48

    South India's most important port has opted to close for 24 hours after a tanker reportedly grated a berthing wall.

  • Banking sector going through consolidation

    27th December, 2004 12:43

    According to Sathyan Rajan of Networth Stock Broking, the banking sector is going through consolidation.

  • Panda picks Tisco, Nalco, software

    27th December, 2004 12:28

    Derivatives analyst Jitendra Panda is bullish on metals, and software sectors, and picks Tisco and Nalco among the metal pack.

  • Markets flare up: Reliance group stocks gain

    27th December, 2004 12:17

    The markets have moved up sharply following fresh buying interest in the Reliance group stocks as Reliance announced a buyback at Rs 570 per share.

  • RIL buyback at Rs 570/share

    27th December, 2004 12:05

    Reliance Industries has announced the buyback price of its shares at Rs 570 per share, which is at 9% premium to Friday's closing price.

  • Rajan bullish on Bharti and Tata Teleservice

    27th December, 2004 11:57

    Sathyan Rajan of Networth Stock Broking, is bullish on Bharti Tele-Ventures and Tata Teleservice in the telecom sector.

  • Markets up: Steel, pharma, & auto gain

    27th December, 2004 11:46

    The Sensex has touched an all-time high. Gains are seen in the steel, pharma, auto, and FMCG stocks. Several midcap stocks have also gained but shipping shares are

  • Upmove still left for the shipping sector

    27th December, 2004 11:41

    According to Sathyan Rajan of Networth Stock Broking, in the short to medium term one should see lot of movement in the entire sector and also said that there is

  • Hindustan Composites on the roll

    27th December, 2004 11:33

    Hindustan Composites has spurted 17.43% to Rs 54.90 by 11:35 am on strong buying interest.

  • Sensex to hit 7500 by Dec 2005: Sisodia

    27th December, 2004 11:26

    Analysts hope that the good times will continue in the market for some more time. The Sensex is expected to scale 6500 points soon, hit 7500 points by the end of 2

  • Only buyers in Igarashi Motors, stock up 10%

    27th December, 2004 11:08

    Igarashi Motors has touched a 52-week high of Rs 134.70. At 11:24 am the share is quoting at Rs 134.70 up Rs 12.25.

  • Mirc Electronics in demand

    27th December, 2004 11:00

    Mirc Electronics has shot up 9.05% to Rs 24.70 by 11:13 am on renewed buying interest.

  • Annulment unusual, but legal: Doshi

    27th December, 2004 10:40

    Kanu Doshi, Chartered Accountant says that the Mukesh Ambani annulment of Rs 50 crore shares of Reliance Infocomm is a little unusual. But having said that, it is

  • Rally to move forward with strong momentum

    27th December, 2004 10:34

    According to Jamshed Desai of IL&FS Investsmart, the rally has touched each and very sector and this is what is keeping the market going great guns.

  • VIP Industries flares to 52-week high

    27th December, 2004 10:29

    VIP Industries has touched a 52-week high of Rs 89.75. At 10:36 am the share is quoting at Rs 89, up Rs 10.15, or 12.87%.

  • Anil anti-buyback for personal reasons: RIL

    27th December, 2004 10:21

    Reliance Industries says Anil Ambani is opposing the share buyback due to personal reasons. This seems to be an effort by the parent company to control the damage.

  • Markets bounce back: Sensex at all-time high

    27th December, 2004 10:19

    The markets have bounced back from lower levels following strong gains in the metal, auto, and pharma stocks. Shipping and the Reliance group stocks however remain

  • Dena Bank at a high on merger news

    27th December, 2004 10:04

    Dena Bank has vaulted to a 52-week high of Rs 42.50 following reports in a leading daily that state-run Bank of Baroda and Dena Bank are likely to merge.

  • Markets weak: Reliance group stocks down

    27th December, 2004 09:42

    The markets have opened on a weak note. The Reliance group stocks have lost ground ahead of the Reliance board meeting. Shipping stocks are also trading lower.

  • DBS, ANZ eye stake in Malaysian bank AMMB

    27th December, 2004 09:32

    Singapore's DBS Group and the Australia and New Zealand Banking Group, ANZ, may buy a stake in Malaysian lender AMMB Holdings Bhd.

  • Brokers positive on VSNL and Hughes Software

    27th December, 2004 09:11

    Brokerage houses are bullish on VSNL and Hughes Software.

  • Rupee expected to gain

    27th December, 2004 09:00

    Sentiment for the rupee is likely to remain upbeat on expectation that investments by foreign funds in equities will continue in the coming months.

  • Govt issues ordinance to amend Patents Act

    27th December, 2004 08:50

    The government has issued an ordinance to amend the Patents Act to meet WTO obligations.

  • SE Asian oil output unaffected by earthquake

    27th December, 2004 08:36

    New York crude oil futures fell, extending last week's 5.1% decline, on expectations that warmer than normal weather in the US will reduce demand on the country's

  • Asian markets trading lower

    27th December, 2004 08:23

    The Asian markets are trading lower. Most of the major indices including the Nikkei, Hang Seng, Straits Times, and the Taiwan Weighted are down.

  • Chatwal to open boutique hotel in Mumbai

    24th December, 2004 19:59

    After an aborted attempt to set up a restaurant in the 80's, at Asiad Village in Delhi, Chatwal is all set to open a boutique hotel in Mumbai

  • IDBI, IDBI Bank merger at financial year-end

    24th December, 2004 19:43

    IDBI is expected to merge with IDBI Bank by the end of the financial year, according to IDBI Chairman M Damodaran.

  • Karnataka govt tries to pacify IT firms

    24th December, 2004 19:09

    The Karnataka government initiates steps to pacify IT companies and prevent their flight from Bangalore.

  • Rural demand on par with urban retailscape

    24th December, 2004 18:58

    With the rural retailscape looking like its urban counterpart, AC Nielsen retail audit study suggests that marketers have to look at the rural market closely.

  • M&M ties up with Chinese tractor co

    24th December, 2004 18:11

    Tractor maker ties up with Chinese co as part of multi-pronged expansion strategy.

  • Making merry at foreign hotspots

    24th December, 2004 17:04

    Foreign spots like Singapore, Bangkok and the Middle East are attracting attention.

  • M&M plans to outsource tractor components

    24th December, 2004 16:55

    M&M plans to outsource tractor components from China. China will also be used as a hub to develop business in US, Europe and Australia.

  • Reliance: Annulment opens pandora's box

    24th December, 2004 16:42

    Mukesh Ambani's decision to renounce rights to his sweat equity has brought in a small ray of hope on jittery investors. But other issues remain unresolved.

  • India celebrates Christmas in style!

    24th December, 2004 16:30

    Each city has its own way of celebrating this winter festival, here is a peek into some.

  • Bhambwani bullish on Maruti, Bajaj Auto

    24th December, 2004 16:19

    Amongst the four wheelers, technical analyst, Vijay Bhambwani, is bullish on Maruti and in the two wheelers he likes Bajaj Auto.

  • Buy JB Chemicals at Rs 400: Maloo

    24th December, 2004 16:13

    Hormuz Maloo is of the view that investors can buy JB Chemicals at Rs 400.

  • RIL will test the Rs 537 mark: Bhambwani

    24th December, 2004 16:11

    According to Vijay Bhambwani, Reliance Industries could test the Rs 537 mark in the next 1-2 sessions.

  • Bonds end strong with low inflation rate

    24th December, 2004 16:01

    Rupee closed weaker due to sustained dollar buying by public sector banks. Bonds closed strong with inflation numbers coming below the 7% mark after nearly five mo

  • Surya Pharma has big expansion plans

    24th December, 2004 15:40

    Surya Pharmaceuticals has big plans of capital expansion. The company's board is in the process of considering either a preferential share issue, or a rights issue

  • India Cements to up capital by Rs 139cr

    24th December, 2004 15:36

    India Cements plans to increase capital base by Rs 139 crore through private placement of equity and mop up Rs 514 crore in debt.

  • Tata Honeywell board okays change in name

    24th December, 2004 15:32

    Tata Honeywell has said that its board of directors have approved the change in the financial year from April-March to January-December and the company's name to H

  • Strides Arcolabs goes marching ahead

    24th December, 2004 15:20

    Strides Arcolab, a pharmaceutical company, wants to be a leading player in the high-end niche pharma segment by 2007. It recently concluded two agreements with US

  • Consolidation in banks, despite 10% vote cap

    24th December, 2004 15:07

    Though the government's proposal to remove the 10% cap on voting rights by foreign partners in private banks has been postponed, analysts say that, sooner or later

  • Swades sees a sober and idealistic Khan

    24th December, 2004 14:56

    Gowarikar is back with another Khan, a fairly simple script and loads of idealism.

  • Smooth sailing for Essar Shipping

    24th December, 2004 14:53

    Essar Shipping has touched a 52-week high of Rs 35.40. At 2:49 pm the share is quoting at Rs 34.30, up Rs 1.95, or 6.03%

  • HPCL moves up smartly

    24th December, 2004 14:49

    Hindustan Petroleum Corporation, HPCL, has touched an intraday high of Rs 388.90 and an intraday low of Rs 375. At 2:50 pm the share is quoting at Rs 383.60, up Rs

  • Tisco hits a new high

    24th December, 2004 14:47

    Tata Iron and Steel Company, Tisco, has touched a 52-week high of Rs 358. At 2:47 pm the share is quoting at Rs 357.50, up Rs 11.30, or 3.26%.

  • Sell Mirc Electronics; buy Tata Teleservices

    24th December, 2004 14:11

    Rajesh Sampat is of the view that investors should sell Mirc Electronics and invest in Tata Teleservices, BASF India or KSB Pumps.

  • Sensex tests 6500: Oil stocks flare up

    24th December, 2004 13:39

    The markets have scaled new heights. The Sensex has crossed the 6500 level. Gains are seen in the oil, metal, cement, and telecom stocks. The FMCG, media, and tech

  • Sri Lankan pvt airlines to fly global routes

    24th December, 2004 13:09

    Sri Lanka's government will let the country's three domestic airlines, Expo Air, Serendib, and Lion Air operate international flights from the island nation.

  • Banking stocks have rebounded, says Irani

    24th December, 2004 12:48

    According to Dinshaw Irani, the banking stocks have rebounded back but the rebound again has been overdone.

  • Ambareesh Baliga bullish on Nalco

    24th December, 2004 12:32

    Ambareesh Baliga of Karvy Stock Broking is bullish on Nalco on account of rising aluminium prices worldwide.

  • Oil sector to outperform the markets: Irani

    24th December, 2004 12:30

    According to Dinshaw Irani of SSKI & ShareKhan, the oil pack will outperform the markets.

  • Mysore Cements among major gainers

    24th December, 2004 12:25

    Mysore Cements has touched a 52-week high of Rs 24.50. At 12:31 pm the share is quoting at Rs 23.40, up Rs 2.70, or 13.04%

  • Irani bullish on cement, capital goods

    24th December, 2004 12:19

    Dinshaw Irani of SSKI & ShareKhan, is bullish on cement, engineering and the capital good sector.

  • China discovers oil reserve in Bohai Bay

    24th December, 2004 12:07

    China has discovered a major oil reserve in the Bohai Bay Basin which may contain 20.5 billion tonnes of oil reserves, nine billion tonnes of which are already pro

  • Fund market profits seen at 20%: DSP ML

    24th December, 2004 11:45

    DSP Merrill Lynch Fund Manager Survey shows that 75% of fund managers expect a growth rate of over 20%.

  • Classic Diamonds moves higher

    24th December, 2004 11:35

    Classic Diamonds touched a 52-week high of Rs 138. At 11:25 am the share is quoting at Rs 134.80, up Rs 12.30, or 10.04%.

  • Reliance may flare to Rs 535-540: Baliga

    24th December, 2004 11:29

    Analyst Ambareesh Baliga sees Reliance flaring to Rs 535-540 levels.

  • Book part profit in Jubilant Organosys

    24th December, 2004 11:17

    Rajesh Sampat is of the view that investors should book part profit in Jubilant Organosys and buy Tata Teleservices, BASF India or KSB Pumps at current levels.

  • Prism Cement locked on 20% upper circuit

    24th December, 2004 11:09

    Prism Cement is locked on the 20% upper circuit with pending buy orders of 5,59,696 shares, with no sellers available.

  • Book profit in Hero Honda now: Sampat

    24th December, 2004 10:58

    Rajesh Sampat is of the view that investors should book profit in Hero Honda at current levels.

  • Hold on to Reliance, says analyst

    24th December, 2004 10:57

    Ajit Surana of Dimensional Securities advises holding on to Reliance. He picks Dr Reddy's Laboratories as a contrarian call.

  • Analyst sees an upmove in Tisco, Nalco

    24th December, 2004 10:44

    Analyst expects Tisco, Nalco, and Hindalco to move up.

  • No plans to merge UTI Bk with IDBI

    24th December, 2004 10:38

    M Damodaran has said that there are no plans to merge UTI Bank with IDBI.

  • Write calls in NTPC, Arvind Mills: Surana

    24th December, 2004 10:32

    Analyst advises writing calls on NTPC and Arvind Mills in derivatives trade.

  • Markets to be volatile in the shorter term

    24th December, 2004 10:10

    According to Dinshaw Irani of SSKI & Sharekhan, on a shorter time scale one may see some volatility but on the larger canvas one will see the trend going up.

  • IndusInd Bank at a high

    24th December, 2004 10:07

    IndusInd Bank has touched a 52-week high of Rs 64.35. At 10:13 am the share is quoting at Rs 64, up Rs 5.50, or 9.40%.

  • Markets up: Reliance group stocks gain

    24th December, 2004 09:47

    The markets have opened higher on the back of the gains in the index heavyweights. Most of the bank, metal, oil, and auto stocks have gained.

  • Govt to come out with white paper on VAT

    24th December, 2004 09:40

    The government will come out with a white paper on the Value Added Tax, VAT in January, 2005, ahead of its implementation from April 1.

  • Bhagwati in the race for UTI II chief

    24th December, 2004 09:38

    Jaimini Bhagwati is also in the race along with Sunil Bihari Mathur, the former LIC chairman, for the UTI II chief post.

  • Wait for trigger before buying GTL: Sampat

    24th December, 2004 09:35

    Rajesh Sampat is of the view that investors should wait for some trigger before buying GTL.

  • Syndicate Bank launches new insurance plans

    24th December, 2004 09:31

    Syndicate Bank launched a health insurance scheme, "Syndarogya", along with United India Insurance Company, for its customers.

  • Markets are looking good, says Mathew

    24th December, 2004 09:19

    Markets are looking good. The midcaps will continue to outperform, says Mathew.

  • Economy to grow by 6-6.5% : RBI

    24th December, 2004 09:05

    In its annual currency and finance report, the RBI says that the economy will grow by 6-6.5% and that inflation will be curbed.

  • Asian markets trading mixed

    24th December, 2004 08:54

    Asian markets are trading mixed on the back of positive cues from Wall Street overnight.

  • Rupee expected to gain further

    24th December, 2004 08:45

    The rupee is expected to gain further against the US dollar on Friday amid good supplies from foreign funds.

  • Mukesh Ambani annuls sweat equity deal

    23rd December, 2004 21:44

    Reliance Chairman Mukesh Ambani has sought the annulment of the sweat equity issued to him in Reliance Infocomm. RCIL has accepted his request.

  • President Kalam unfolds five point plan

    23rd December, 2004 17:22

    The President, A P J Kalam has unfolded a five point plan which lays emphasis on agriculture, education and communication to make India a developed country.

  • Markets close higher: Banks & metal firm

    23rd December, 2004 16:12

    The market has consolidated today. Strong buying was seen in the bank and metal stocks but tech shares were weak. Several midcap sugar, textile, shipping, pharma,

  • Expert bullish on Tisco, ACC, SBI, SAIL...

    23rd December, 2004 16:07

    Technical Analyst, Salil Sharma, is positive on Tisco, Hindalco, SAIL, SBI, South Indian Bank, Balrampur Chini, Tata Motors, Hero Honda, Tata Teleservices, ACC, Gu

  • Markets consolidate, close marginally up

    23rd December, 2004 16:00

    After hitting a high of 6456, the Sensex closed up 28.19 points, or 0.44% at 6,441.85. The Nifty closed up 9.80 points, or 0.48% at 2045.15.

  • Markets close higher: Banks & metal firm

    23rd December, 2004 15:48

    The market has consolidated today. Strong buying was seen in the bank and metal stocks but tech shares were weak. Several midcap sugar, textile, shipping, pharma,

  • Stoploss of Rs 68 advised in Gipco: Gaba

    23rd December, 2004 15:38

    Prakash Gaba is of the view that investors should keep a stoploss of Rs 68 in Gipco.

  • Asian markets close mixed

    23rd December, 2004 15:17

    Asian markets have closed mixed. The Hang Seng and PSE Composite gained 0.60% and 0.99% respectively.

  • Gujarat NRE Coke hits a 10% upper circuit

    23rd December, 2004 14:59

    Gujarat NRE Coke has hit a 10% upper circuit with pending buy orders of 29,417 shares, and no sellers available.

  • Rao to be cremated on Dec 25 at Hyderabad

    23rd December, 2004 14:52

    The cremation of former Prime Minister P V Narasimha Rao, who died yesterday, will take place on December 25 in Hyderabad.

  • Book part profit in Centurion Bank: Gaba

    23rd December, 2004 14:39

    Prakash Gaba is of the view that investors should book part profit in Centurion Bank.

  • UTI Bank witnesses buying interest

    23rd December, 2004 14:30

    UTI Bank has touched an intraday high of Rs 189 and an intraday low of Rs 176. At 2:24 pm the share is quoting at Rs 184.40, up Rs 11.05, or 6.37%.

  • NIIT among major gainers

    23rd December, 2004 14:22

    NIIT has touched an intraday high of Rs 196. At 2:21 pm the share is quoting at Rs 183.10, up Rs 13.05, or 7.67%.

  • Stoploss of Rs 55 advised for Ceat: Gaba

    23rd December, 2004 14:14

    Prakash Gaba is of the view that investors should keep a stoploss of Rs 55 in Ceat.

  • Essar Shipping at a high

    23rd December, 2004 14:08

    Essar Shipping has touched a 52-week high of Rs 33.35. At 2:02 pm the share is quoting at Rs 32.75, up Rs 3.95, or 13.72%

  • Markets up: Action in midcap shares

    23rd December, 2004 14:00

    The markets have sustained the gains amid continued buying in auto, bank, metal, media, refinery and telecom stocks. However technology shares are still looking we

  • No 'white sugar' imports this year: Pawar

    23rd December, 2004 13:41

    Sharad Pawar has ruled out any prospect of importing refined sugar to offset a fall in domestic output this year.

  • Oil sector looks attractive, says Chadha

    23rd December, 2004 12:43

    According to Ravi Chadha of Prodigy Investment, the oil sector looks attractive.

  • Be positive on technology: Chadha

    23rd December, 2004 12:24

    According to Ravi Chadha of Prodigy Investment, one should remain broadly positive on technology going forward.

  • Aksh Optifibre moves up

    23rd December, 2004 12:13

    Aksh Optifibre has touched an intraday high of Rs 41.75. At 12:00 pm the share is quoting at Rs 41, up Rs 2.35, or 6.08%.

  • EU slaps anti-dump duty on Indian coumarin

    23rd December, 2004 12:11

    The European Union says that China is diverting exports of chemical used in cosmetics and perfumes through India and Thailand to shirk anti-dumping duties.

  • Sundaram-Clayton hits a new high

    23rd December, 2004 12:08

    Sundaram-Clayton has touched a 52-week high of Rs 790. At 12:00 pm the share is quoting at Rs 730, up Rs 60.75, or 9.08%

  • Jay Bharat Maruti revs up to a new high

    23rd December, 2004 11:58

    Jay Bharat Maruti has touched a 52-week high of Rs 147. At 12:00 pm the share is quoting at Rs 141.10, up Rs 11.80, or 9.13%

  • IDBI has Rs 10-15 upmove left: Mathew

    23rd December, 2004 11:44

    According to technical anlyst, E Mathew, there is still another Rs 10-15 upmove left in IDBI.

  • Mathew positive on Hindalco

    23rd December, 2004 11:40

    Amongst the aluminium stocks, Hindalco has shown a break out, said technical analyst, E Mathew.

  • Mathew bullish on Dhampur Sugar, Eveready

    23rd December, 2004 11:35

    Technical analyst, E Mathew, is positive on Eveready Industries, Dhampur Sugar.

  • Mathew positive on Tata Motors, M&M

    23rd December, 2004 11:27

    Technical anlyst, E Mathew, is positive on Tata Motors and Mahindra and Mahindra.

  • Lukewarm response to IOC-IBP merger

    23rd December, 2004 11:21

    Market pulse indicates slight disappointment for IBP shareholders, though experts opine that it was in fact a relief for IBP shareholders, it being a pure marketin

  • Equities grossly underowned: Nishid Shah

    23rd December, 2004 11:12

    Nishid Shah of Birla Sun Life AMC said equities in India are grossly underowned, even while valuations continue to remain attractive.

  • Bajaj Hindustan is better than Rana Sugars

    23rd December, 2004 10:49

    Ashwani Gujral is of the view that Bajaj Hindustan looks better than Rana Sugars.

  • Bank of Punjab minting money

    23rd December, 2004 10:33

    Bank of Punjab has touched an intraday high of Rs 30.65 and an intraday low of Rs 29.20. At 10:34 am the share is quoting at Rs 30.25, up Rs 1.55, or 5.40%

  • Sweet gains for Sakthi Sugars

    23rd December, 2004 10:29

    Sakthi Sugars has touched an intraday high of Rs 44.45 and an intraday low of Rs 41.45. At 10:33 am the share is quoting at Rs 43.85, up Rs 3.05, or 7.48%.

  • Investors should exit JCT, says Gujral

    23rd December, 2004 10:24

    Ashwani Gujral is of the view that investors should exit JCT.

  • Welspun eyeing $40 mn through FCCB

    23rd December, 2004 10:10

    Company fixes conversion premium of 22 per cent, fixed coupon rate of one per cent for Foreign Currency Convertible Bonds.

  • BOR perks up on stake sale news

    23rd December, 2004 10:04

    Bank of Rajasthan has touched a 52-week high of Rs 62. At 10:10 am the share is quoting at Rs 60.35, up Rs 3.35, or 5.88%.

  • Indo-Malaysian pact more than trade: Badawi

    23rd December, 2004 09:57

    Malaysian Prime Minister Abdullah Ahmed Badawi said today that sectors such as education, health services, and agriculture, besides trade, would figure in the pro

  • Market to be rangebound: Chadha

    23rd December, 2004 09:45

    According to Ravi Chadha of Prodigy Investment, the market will be rangebound for the next couple of days.

  • Kotak plans to float real estate fund

    23rd December, 2004 09:38

    The Kotak group is looking at the possibility of floating a real estate fund in 2005.

  • UTI MF brass upbeat on offshore funds

    23rd December, 2004 09:35

    UTI MF is in the pursuit to explore various opportunities in offshore funds.

  • Patent laws may get amended

    23rd December, 2004 09:31

    The government may introduce an ordinance to amend patent laws to make them WTO compliant.

  • Global insurers to set up ops in India

    23rd December, 2004 09:25

    Four multinational life insurers Tokio Marine, Axa, Aegon and Samsung are looking at the Indian market with an eye to setting up operations.

  • Sebi to intervene in Zee-Padmalaya spat

    23rd December, 2004 09:22

    Sebi may step into the Zee-Padmalaya spat by asking Padmalaya to furnish details of its financial statements.

  • Market likely to consolidate, says Rajan

    23rd December, 2004 09:11

    Markets are in a consolidation phase, which is likely to continue longer than expected, says Rajan.

  • Brokers bullish on HDFC Bank, Bajaj Auto

    23rd December, 2004 08:58

    Brokerage houses are bullish on HDFC Bank, Bajaj Auto, Balrampur Chini and are neutral on TCS.

  • Rupee expected to trade in a narrow band

    23rd December, 2004 08:46

    The rupee is expected to trade in a narrow band on Thursday amidst moderate demand for the greenback and adequate supplies.

  • Crude slips by more than 3%

    23rd December, 2004 08:36

    Crude oil futures plunged more than 3% yesterday after the US Energy Department announced an unexpected rise in heating oil and crude oil inventories.

  • Karnataka gives go ahead to B'glore airport

    22nd December, 2004 20:24

    The coalition government in Karnataka has finally cleared the Bangalore International Airport, BIAL, project,

  • MTNL appoints HSBC as advisor

    22nd December, 2004 20:04

    MTNL has appointed HSBC as advisor to act on its behalf in the process of synergising its operations with BSNL, as proposed by the Department of Telecom.

  • VAT rule closer as 27 states make laws: FM

    22nd December, 2004 19:47

    The government said it has moved a step closer to implement Value Added Tax, VAT, from April 1, 2005 with 27 states passing relevant laws.

  • Zaheera was bribed to turn hostile: Tehelka

    22nd December, 2004 19:40

    Gujarat's Best Bakery massacre witness Zaheera Sheikh was bribed to turn hostile, claims the weekly Tehelka on the basis of a sting operation

  • eBay approves Avnish Bajaj's release

    22nd December, 2004 18:57

    eBay has welcomed the release of its Indian CEO, Avnish Bajaj saying they were extremely pleased.

  • Govt to put curbs on retail drug margins

    22nd December, 2004 18:22

    The government is learnt to have cleared the proposals to fix retail trade margins on generic drugs to 35%

  • SGAM obtains 37% stake in SBI Funds

    22nd December, 2004 17:15

    SBI has transferred 37% of the total holding in SBI Funds Management to the Societe Generale Asset Management, SGAM.

  • Bajaj Auto, Kawasaki Philippines tie up

    22nd December, 2004 16:47

    Bajaj Auto has signed a deal with Kawasaki Motor Philippines Corp. to export its 100cc entry-level motorcycle CT-100 to Philippines.

  • ONGC suffers setback in Carin Energy case

    22nd December, 2004 16:44

    Oil Ministry sources indicate that ONGC, by dint of being the licensee, has to bear the production cess for the oil field.

  • Dunlop India to be reopened: Labour Ministry

    22nd December, 2004 16:42

    The government will take the initiative to reopen the Dunlop India company in West Bengal.

  • UN owes India $18 mn for ops

    22nd December, 2004 16:26

    The United Nations owes $18 million to India for troops and equipment contributed by the country for various peace - keeping operations.

  • Ranbaxy's 2 drugs get US FDA okay

    22nd December, 2004 16:22

    Ranbaxy has received approval from the US Food and Drug Administration, FDA, to manufacture and market Fosinopril Sodium and Hydrochlorothiazide tablets.

  • Orient Paper may touch Rs 105, says Gujral

    22nd December, 2004 16:16

    Ashwani Gujral is of the view that investors can expect Rs 105 in Orient Paper if it trades above Rs 89.

  • L&T acquires 50% in Valdel Engg

    22nd December, 2004 16:09

    L&T has entered into an agreement to acquire a 50% stake in Valdel Engineers and Constructors, which is into upstream engineering business related to oil and gas p

  • Deccan Chronicle slips after listing higher

    22nd December, 2004 16:05

    Deccan Chronicle had touched an intraday high of Rs 203.40. The stock listed on BSE at Rs 198.50 today.

  • LNG Petronet to post profits by 2006-07

    22nd December, 2004 16:00

    Liquefied Natural Gas Major attributes major investor confidence to sound fundamentals, expansion plans and no dearth of orders.

  • Bonds firm, rupee weakens slightly

    22nd December, 2004 15:51

    Rupee closed weak on account of a slight uptick in the dollar overseas. Bonds firmed as traders stepped up buying, expecting Friday's inflation data to be below 7%

  • Markets down on widespread selling

    22nd December, 2004 15:34

    The markets have corrected due to selling pressure in the technology, cement, metal, bank, pharma, and media stocks. Several midcap stocks also lost ground.

  • Karur Vysya Bank sees margins under stress

    22nd December, 2004 15:25

    Karur Vysya Bank expects moderate growth in the current fiscal year, with some pressure on its margins in case ATM rates continue to rise.

  • Buy Alok Industries on a correction: Expert

    22nd December, 2004 14:51

    V Vasantkumar is of the view that investors can add Alok Industries on a correction.

  • Markets weak: RIL & REL gain

    22nd December, 2004 14:35

    The markets are trading lower following the weakness is seen in the technology, cement, metal, and pharma stocks. Select midcap textile and shipping stocks have ga

  • TTK Healthcare loses ground

    22nd December, 2004 14:08

    TTK Healthcare is down 6.73% at Rs 52 on selling pressure. It is trading with volumes of 28,823 shares.

  • Arvind Mills may touch Rs 150: Vasantkumar

    22nd December, 2004 13:59

    V Vasantkumar is of the view that Arvind Mills may go upto Rs 150.

  • Margins under pressure: Sabero Organics

    22nd December, 2004 13:20

    Agro-chemicals company Sabero Organics Gujarat says its margins are under pressure because of a rise in raw material prices.

  • Expert positive on VSNL

    22nd December, 2004 12:56

    According to technical analyst, Atul Suri, VSNL can go all the way to Rs 370 on the upside.

  • Upmove in Hero Honda if it maintains Rs 545

    22nd December, 2004 12:45

    According to technical anlyst, Atul Suri, if Hero Honda maintains Rs 545, then the next move could be another Rs 100.

  • Exit Sah Petroleums, buy Petronet LNG: Bose

    22nd December, 2004 12:22

    Rajat Bose is of the view that investors should switch over to Petronet LNG from Sah Petroleums for better returns.

  • Technology shares drag markets down

    22nd December, 2004 12:11

    The markets have slipped into the red following selling pressure in the technology stocks. Weakness is also seen in the media and cement stocks.

  • IOC-IBP merger swap ratio at 1.25:1

    22nd December, 2004 11:52

    IOC and IBP have moved up on the BSE after IOC board has approved the scheme of amalgamation for merger of IBP with company.

  • Sensex to steady around 6400-6600: Mehta

    22nd December, 2004 11:43

    According to Dipan Mehta, Sensex may steady around the 6400-6600 range.

  • Blow Plast scales a new high

    22nd December, 2004 11:35

    Blow Plast has touched a 52-week high of Rs 81.50. It is trading with volumes of 17,206 shares on the BSE.

  • Bose sees Dr Reddy's Labs going up 25%

    22nd December, 2004 11:33

    Rajat Bose is of the view that Dr Reddy's Labs can go up by 25% from the current levels.

  • Bank of Rajasthan minting money

    22nd December, 2004 11:26

    Bank of Rajasthan has gained 7.66% to Rs 52.70. Huge volumes of over 11.43 lakh shares have been traded on the BSE so far.

  • Buy Oriental Hotels at Rs 200, says Bose

    22nd December, 2004 11:08

    Rajat Bose is of the view that investors can buy Oriental Hotels at Rs 200. But they should keep a stoploss below Rs 185 in the stock.

  • Long term investors may hold MRPL: Bose

    22nd December, 2004 10:52

    Rajat Bose is of the view that long term investors may hold MRPL. Alternatively, they can switch over to DCW, Petronet LNG, Shree Cements or Tata Teleservices fo

  • Surya Pharma locked at 20% upper circuit

    22nd December, 2004 10:43

    Surya Pharma is locked at the 20% upper circuit on sustained buying interest. There were pending buy orders of 81,217 shares, with no sellers available.

  • Rain to keep marketing OXBOW Coke

    22nd December, 2004 10:30

    Company enters definitive agreement with OXBOW, US to sell Calcined and Green petroleum coke.

  • Abhishek Industries climbs higher

    22nd December, 2004 10:21

    Abhishek Industries has surged up 5.38% at Rs 36.25 on sustained buying interest. It is trading with volumes of 73,754 shares.

  • Deccan Chronicle lists at Rs 198.50 on BSE

    22nd December, 2004 10:08

    Deccan Chronicle has an intraday high of Rs 203.40. The stock listed on BSE at Rs 198.50 today.

  • Markets open flat: Pharma & auto firm

    22nd December, 2004 09:46

    The markets have opened on a flat note and several index stocks are trading near their previous close. Midcap textile and shipping stocks have gained.

  • Brokers bullish on Nicholas, Petronet LNG

    22nd December, 2004 09:41

    Brokerage houses are bullish on Nicholas Piramal, Petronet LNG, SBI and are bearish on MTNL.

  • Cabinet to decide on foodgrain export plan

    22nd December, 2004 09:33

    The Union Cabinet is likely to consider a foodgrain export policy, compatible to the WTO regime. The scheme involves a subsidy of about Rs 300 crore.

  • Oil changes slightly amidst speculation

    22nd December, 2004 09:28

    Crude oil prices have undergone a slight change amidst speculation that a government report expected today will show that US stockpiles have declined last week.

  • State firm may finally buy Yukos: Putin

    22nd December, 2004 09:25

    Russian President Vladimir Putin has said that a state firm could eventually buy the core assets of Yukos, from the obscure Baikal Finance Group.

  • Markets may go to higher levels: Baliga

    22nd December, 2004 09:16

    Continuous buying momentum may take markets to higher levels, says Baliga.

  • Stocks rally on Wall Street

    22nd December, 2004 08:53

    US stocks ended higher as two Wall Street firms reported better-than-expected earnings. The Dow hit a new three and a half year high of 10,759.43.

  • Lok Sabha okays hike in expenditure

    21st December, 2004 20:30

    The Lok Sabha has approved the government's plan to increase expenditure for the current financial year by Rs 386.2 billion to Rs 390.80 trillion.

  • PJ Nayak's term as CMD extended till 2010

    21st December, 2004 20:10

    P J Nayak, CMD of UTI Bank has got an extension of term as CMD till 2010. Last week, the board had split the CMD's post and offered the MD's post to the current CM

  • Market wary of Nicholas Piramal stocks

    21st December, 2004 19:43

    The stock markets had to contend with yet another business family dispute. Reports of the Piramal family splitting the businesses sent Nicholas Piramal shares into

  • Jet fuel price down by 7% in Dec: Aiyar

    21st December, 2004 16:56

    Petroleum Minister Mani Shankar Aiyar said that tracking a decline in global crude oil prices, jet fuel prices in India fell by more than 7% in December, as compar

  • PNB ready for its second public offering

    21st December, 2004 16:31

    Aiming for an almost 20% growth in business this fiscal, Punjab National Bank gears up for a second public offer to hike its capital.

  • Oriental Bank to up capital via public offer

    21st December, 2004 16:15

    OBC is considering hiking its capital through a public offer to sustain its growth after the merger with ailing GTB.

  • Buy IDBI, may hit Rs 113 in short term: Bose

    21st December, 2004 16:12

    Rajat Bose is of the view that investors can buy IDBI with a stoploss of Rs 94. The stock could go upto Rs 113 in the short term.

  • Auto, select heavyweights prop up markets

    21st December, 2004 16:00

    Buying interest in auto and select heavyweight counters helped lift the Sensex up 48 points to 6451.30. The Nifty closed up 16 points at 2044.65.

  • Expert bullish on ABB, BHEL, ITC, ICICI, M&M

    21st December, 2004 15:49

    Technical Analyst, Ashwani Gujral, is bullish on Mahindra and Mahindra, Bajaj Auto, Hero Honda, ABB, BHEL, Grasim, ITC, Glaxo, HDFC Bank, ICICI Bank, PNB, OBC in t

  • Rupee and bonds end firm

    21st December, 2004 15:41

    Rupee ended strong. Bonds ended higher on hopes that the relentless flow of dollars into the stock markets will ease the liquidity crunch.

  • Sirpur Paper declares 4:5 rights issue

    21st December, 2004 15:28

    Sirpur Paper has announced the details of its rights issue, whereby shareholders will receive four shares for every five currently held. It also declared the closu

  • Buy Shree Cements, ACC, Prism Cement or DCW

    21st December, 2004 15:11

    Rajat Bose is of the view that investors can buy Shree Cements, ACC, Prism Cement or DCW.

  • VSNL rings in good gains

    21st December, 2004 15:10

    Videsh Sanchar Nigam, VSNL, has touched an intraday high of Rs 234.50. At 3:14 pm the share is quoting at Rs 232.50, up Rs 12.25, or 5.56%

  • New products to drive growth: Ipca Labs

    21st December, 2004 15:05

    Ipca Labs registered an increase of 12.79% in net sales in the second quarter. Going forward, the company expects to do even better.

  • Pawar lays down agri credit wishlist

    21st December, 2004 15:01

    Agriculture Minister Sharad Pawar says that the Apr-Oct bank credit disbursal is up 71% to Rs 628 billion against Rs 368 billion a year ago. He also wants term of

  • India needs FDI inflows of $480 bn: Murthy

    21st December, 2004 14:54

    India needs foreign direct investment inflow of $480 billion in the next 10 years, if the country wants to achieve the GDP growth it is targeting.

  • Hold NTPC, likely to touch Rs 105: Patel

    21st December, 2004 14:27

    Mukesh Patel is of the view that NTPC is likely to go upto Rs 105 and investors should hold the stock.

  • Atlas Copco hits a new high

    21st December, 2004 14:21

    Atlas Copco has hit a 52-week high of Rs 750. At 2:03 pm the share is quoting at Rs 727.20, up Rs 42, or 6.13%.

  • Smooth sailing for Essar Shipping

    21st December, 2004 14:07

    Essar Shipping has touched an intraday high of Rs 28. At 2:03 pm the share is quoting at Rs 28.50, up Rs 3.55, or 14.23%.

  • Sensex, Nifty touch all-time highs

    21st December, 2004 14:05

    The markets have scaled new heights on the back of strong buying interest in the auto, steel, power, and pharma stocks. Several midcap stocks have also flared up.

  • HLL loses ground

    21st December, 2004 13:43

    Hindustan Lever, HLL, has touched an intraday low of Rs 143.30. At 1:44 pm the share is quoting at Rs 143.95, down Rs 4.10, or 2.77%.

  • Hero Honda, top gainer on the Sensex

    21st December, 2004 13:30

    Hero Honda has touched a 52-week high of Rs 548. It is the top gainer on the Sensex.

  • Stay away from RIL, says analysts

    21st December, 2004 13:20

    Analysts advice investors to stay away from Reliance Industries.

  • Cholamandalam MF launches multi-cap fund

    21st December, 2004 12:38

    Cholamandalam Mutual Fund has launched a multi-cap fund which is to list soon. The fund will invest in companies of all sizes.

  • IDBI, HSBC's plans for UTI Bank run aground

    21st December, 2004 12:32

    The board of UTI Bank will meet tomorrow, and is expected to reinstate the outgoing CMD Dr P J Nayak. Meanwhile, the merger plans with IDBI, and an extra stake for

  • India Cements to go to Rs 65 levels: Gaba

    21st December, 2004 12:21

    Technical analyst, Prakash Gaba, is positive on India Cements and said that it can go to the Rs 65 levels.

  • Market off highs: Auto stocks rally

    21st December, 2004 12:00

    The markets have slipped from higher levels following the weakness in the FMCG and bank stocks. The auto, pharma, steel, and media stocks however, have put on a go

  • US$ 150 mn ADB loan for Assam

    21st December, 2004 11:59

    Assistance targeted at helping Assam manage its fiscal and revenue deficit.

  • Exit Jaypee Hotels now, says Sharma

    21st December, 2004 11:56

    DD Sharma is of the view that investors should exit Jaypee Hotels at the current levels.

  • ESAB India to show good returns: Analyst

    21st December, 2004 11:54

    Market analyst Maulik Sharedalal said ESAB India is a good growth story, and the stock can show good returns.

  • Sony to invest 60bn yen for semiconductors

    21st December, 2004 11:50

    Sony Corporation will invest 60 billion yen in the next two business years to make semiconductors that help differentiate its electronics goods from rival products

  • Stay invested in Dalmia Cement: Sharma

    21st December, 2004 11:37

    DD Sharma is of the view that investors should stay invested in Dalmia Cement.

  • Gaba positive on SAIL

    21st December, 2004 11:32

    According to Prakash Gaba, SAIL is looking good with a positive structure.

  • Sundaram-Clayton hits a 52-week high

    21st December, 2004 11:01

    Sundaram-Clayton has touched a 52-week high of Rs 744.50. At 11:10 am the share is quoting at Rs 659.80, up Rs 4.80, or 0.73%.

  • Tata Teleservices on the move

    21st December, 2004 10:55

    Tata Teleservices has touched an intraday high of Rs 24. At 11:02 am the share is quoting at Rs 24, up 90 paise, or 3.90%

  • Tatas take over TTDWS

    21st December, 2004 10:43

    TD Waterhouse to exit, sell 49.9% holding in Tata TD Waterhouse Securities Private Limited

  • Falling volumes a key concern: V K Sharma

    21st December, 2004 10:20

    Analyst V K Sharma of moneypore.com says that falling volumes in the F&O segment are a cause for concern, and advises caution.

  • Exit Rolta India at higher levels: Mathew

    21st December, 2004 10:14

    E Mathew is of the view that investors should exit Rolta India at higher levels.

  • Polaris to implement Intellect for UAE bank

    21st December, 2004 10:08

    National Bank of Abu Dhabi awards order to Polaris for its banking services automation software package.

  • Sensex at an all-time high

    21st December, 2004 09:59

    The Sensex has touched an all-time high following the gains in the oil, technology, auto, pharma, and cement stocks. Most of the large and midcap shares have ralli

  • GTL bags Nortel order for BSNL GSM

    21st December, 2004 09:54

    3,800 GSM sites to be built across five circles by GTL Ltd, aiding BSNL's rapid expansion plans across large tracts of the country.

  • Market opens on a positive note

    21st December, 2004 09:43

    The markets have opened on a positive note following the gains in select index stocks. Several oil, auto, pharma, and cement stocks are firm.

  • AMFI concerned over SEBIs 20, 25 norm

    21st December, 2004 09:16

    Mutual funds are in a quandary over the 20, 25 norm, which says that a scheme should have a minimum of 20 investors and no investor should hold more than 25% of th

  • Brokers bullish on Ranbaxy and M&M

    21st December, 2004 09:13

    Brokerage houses are bullish on Ranbaxy, M&M and bearish on MTNL. They are neutral on Bharti Tele Ventures.

  • Tata Motors, MG Rover commit to City Rover

    21st December, 2004 09:01

    Tata Motors Limited and Phoenix MG Rover Group re-iterated their commitment to the City Rover in the UK and European markets.

  • Asian markets trading mixed

    21st December, 2004 08:59

    Asian markets are trading mixed. Tokyo’s Nikkei average is up 0.48% amid hopes of a year-end rally.

  • CBI chargesheets Canara Bank's manager

    21st December, 2004 08:56

    CBI has chargesheeted Canara Bank's manager and seven others, including an advocate for allegedly causing a loss of more than Rs 34 lakh to the bank.

  • Birlas claim Lodha shuffled board of key cos

    21st December, 2004 08:55

    The Birlas have alleged that R S Lodha has had the boards of key investment companies of the group reshuffled after Priyamvada Birla's death, so that he could gai

  • Nayak for another shot as UTI Bank chief

    21st December, 2004 08:50

    UTI Bank was all set to have a new chairman, with Chairman and Managing Director, CMD, P J Nayak declining the truncation of his powers. On Monday, it is UTI Bank

  • Rupee expected to rise

    21st December, 2004 08:47

    The rupee is expected to rise against the US dollar, supported by inflows from foreign institutional investors.

  • How to be correct with camphones?

    21st December, 2004 08:41

    As camera phones get indicted for invading privacy and abetting voyeurism, cellphone companies are prescribing guidelines and planning campaigns for responsible u

  • BSNL net profit up at Rs 5,976 crore

    20th December, 2004 17:55

    BSNL posted a four-fold growth in net profit at Rs 5,976 crore, on a turnover of Rs 32,000 crore for the year 2003-04 and said it expects about Rs 6,000 crore net

  • VAT introduction from April 1: Chidambaram

    20th December, 2004 17:15

    Chidambaram has re-iterated the introduction of the Value Added Tax, VAT, regime.

  • The Leela strengthens its brand internationally

    20th December, 2004 16:45

    The Leela strengthens its brand internationally

  • Exit Satyam; buy Infosys or Dhampur Sugar

    20th December, 2004 16:22

    E Mathew is of the view that investors should exit Satyam on a rally and invest in Infosys or Dhampur Sugar Mills.

  • Volumes dip in F&O trade

    20th December, 2004 16:09

    The F&O segment was marked by lower average volumes. Nifty futures were volatile - their discount widened to 4.5 points in the day's trade, but narrowed towards cl

  • Chile to strike back against US with WTO nod

    20th December, 2004 16:04

    Chile joins the European Union and Japan in winning the right to slap extra levies on U.S. goods. This follows a controvesial US law favouring corporate companies

  • Exit Super Spinning; buy Dhampur Sugar

    20th December, 2004 15:51

    E Mathew is of the view that investors should switch over to Dhampur Sugar from Super Spinning at current levels.

  • Margins to improve: Maharashtra Seamless

    20th December, 2004 15:44

    Recent increases in steel prices have put steel companies under pressure. However, MD at Maharashtra Seamless Saket Jindal says margins will improve as the burden

  • CP lays out VRS plans for Aurangabad plant

    20th December, 2004 15:41

    Company to lay off surplus manpower while ensuring favourable terms for employees.

  • Reuters to acquire Quick Moneyline Telerate

    20th December, 2004 15:35

    Reuters Group is acquiring Quick Moneyline Telerate, a market news provider, for $100 million in cash and the transfer of its 14% stake in Savvis Communication

  • Petronet LNG touches a new high

    20th December, 2004 15:13

    Petronet LNG has touched a 52-week high of Rs 28.30. At 3:13 pm the share is quoting at Rs 28.30, up Rs 4.70, or 20%.

  • Centre approves of PSBs consolidating

    20th December, 2004 15:02

    Finance Minister P Chidambaram has said that the government will take a favourable view, if public sector banks, PSBs, wished to consolidate.

  • GlaxoSmithKline Consumer climbs up

    20th December, 2004 14:55

    GlaxoSmithKline Consumer Healthcare has touched an intraday high of Rs 345. At 2:48 pm the share is quoting at Rs 328.70, up Rs 9.15, or 2.86%.

  • Laser Soft wires Prophesy at IndusInd Bank

    20th December, 2004 14:48

    Laser Soft Infosystems has implemented a centralised version of `Prophesy,' a trade finance software, at IndusInd Bank

  • India Cements to look at issuing debentures

    20th December, 2004 14:43

    India Cements has convened a board meeting on December 24, to consider a proposal to issue convertible debentures and equity warrants

  • FIIs from Japan to pick up in 2005: Deutsche

    20th December, 2004 14:40

    Foreign investors will continue flocking to India and the proceeds from Japan are expected to gain strength, going forward in 2005, says Deutsche Asset Management.

  • Stay invested in Tisco, says Bhushan

    20th December, 2004 14:36

    Vijay Bhushan is of the view that investors should stay invested in Tata Iron and Steel Company.

  • Shipping stocks may slide on freight dip

    20th December, 2004 14:35

    Freight rates have slipped from their recent highs, and analysts are worried that shipping stocks may also dip. However, shipping companies say, the rates will res

  • Nasscom dismayed at Avnish Bajaj arrest

    20th December, 2004 14:33

    Nasscom has condemned the arrest of e-commerce portal Bazee.com's CEO Avnish Bajaj, in the Delhi Public School MMS scandal.

  • Shaw Wallace launches two new brands

    20th December, 2004 14:31

    Liquor major introduces deluxe whiskey, premium vodka

  • L&T top gainer on the Sensex

    20th December, 2004 13:43

    Larsen and Toubro is the top gainer on the Sensex. It has touched an intraday high of Rs 990.

  • Orchid Chemicals shelves $75mn FCCB issue

    20th December, 2004 13:25

    Orchid Chemicals has shelved the proposed $75 million FCCB issue, following the recent hike in interest rates in the US and the rupee appreciating against the

  • Honda Motor to boost production in India

    20th December, 2004 13:21

    Honda Motor Co has said that it will spend Rs 1.34 billion to boost automobile production in India.

  • Malayasian PM to talk trade

    20th December, 2004 12:53

    UN, terrorism could dominate crucial summit before bilateral trade and economic ties, say official sources.

  • Punjab Communications on a roll

    20th December, 2004 12:21

    Punjab Communications has touched an intraday high of Rs 51. At 12:27 pm the share is quoting at Rs 50, up Rs 3.75, or 8.11%

  • RIL board to mull share buyback

    20th December, 2004 12:15

    Board of Directors to meet on December 27, decide on nature and extent of buy back. Observers say it is targeted at arresting fall in share prices.

  • Matrix Labs on a high

    20th December, 2004 12:09

    Matrix Laboratories has touched a 52-week high of Rs 2,299.95. At 11:52 am the share is quoting at Rs 2,271, up Rs 128.45, or 6%

  • Television Eighteen puts on a good show

    20th December, 2004 12:01

    Television Eighteen has touched an intraday high of Rs 214.50. At 11:50 am the share is quoting at Rs 210.10, up Rs 16.55, or 8.55%.

  • Buy JK Industries at Rs 70-75: Vakil

    20th December, 2004 11:51

    Devarsh Vakil is of the view that investors can buy JK Industries if it dips to Rs 70-75.

  • Markets rangebound: Oil & shipping weak

    20th December, 2004 11:39

    The markets are drifting in a narrow range. Weakness is seen in the oil, shipping, and FMCG stocks but the pharma, technology, cement, and steel shares are firm.

  • Aksh Optifibre scales new heights

    20th December, 2004 11:37

    Aksh Optifibre has touched a 52-week high of Rs 39.20. At 10:52 am the share is quoting at Rs 38.60, up Rs 2.05, or 5.61%.

  • Hold Finolex Industries, says Vakil

    20th December, 2004 11:24

    Devarsh Vakil is of the view that investors should continue to hold Finolex Industries.

  • Pearl Polymers abuzz with activity

    20th December, 2004 11:00

    Pearl Polymers has touched an intraday high of Rs 12. At 10:55 am the share is quoting at Rs 11.80, up 92 paise, or 8.46%

  • Saregama sings a sweet tune

    20th December, 2004 10:48

    Saregama has touched a 52-week high of Rs 152.15. At 10:40 am the share is quoting at Rs 146.60, up Rs 19.80, or 15.62%.

  • Tata Teleservices spurts on huge volumes

    20th December, 2004 10:41

    Tata Teleservices has spurted 5.96% to Rs 23.10 on fresh buying support. It is trading with huge volumes of 25.06 lakh shares on the BSE.

  • Sesa Goa climbs higher

    20th December, 2004 10:32

    Sesa Goa has touched a 52-week high of Rs 1,038. It is trading with volumes of 1,24,867 shares.

  • Unknown company buys Yukos' 76% stake

    20th December, 2004 10:28

    Baikal Finance Group, an unknown company, won an auction for a 76% stake in Russian oil major, Yuko's core asset with a $ 9.4 billion bid.

  • ING Vysya Bank hits a new high

    20th December, 2004 10:21

    ING Vysya Bank has touched a 52-week high of Rs 692. At 10:20 am the share is quoting at Rs 687, up Rs 83.65, or 13.86%

  • Karnataka Bank minting money

    20th December, 2004 10:16

    Karnataka Bank has touched a 52-week high of Rs 243.80. Huge volumes of over 3.61 lakh shares have been traded on the BSE so far.

  • Mawana Sugar hits a 52-week high

    20th December, 2004 10:12

    Mawana Sugar has touched a 52-week high of Rs 73.35. There were pending buy orders of 4,143 shares, with no sellers available.

  • Asian Age may opt for FDI

    20th December, 2004 09:54

    Once regulations regarding FDI policy for the print media are laid down clearly, the newspaper may opt for foreign funding, says Vijay Mallya.

  • Sony denies exit on plasma TV segment

    20th December, 2004 09:49

    Sony Corp has denied plans to exit the plasma television business. The company plans to focus on LCDs, as reported earlier by a newspaper.

  • Damodaran quits, Nayak may be recalled

    20th December, 2004 09:40

    The UTI family is in for some drama, with UTI Bank CMD, P J Nayak, likely to be recalled, and the CMD of UTI, M Damodaran, quitting earlier today.

  • Rupee rises due to weak dollar overseas

    20th December, 2004 09:29

    The rupee is higher against the greenback, supported by dollar inflows over the weekend and a stronger euro/dollar in global markets.

  • Market likely to remain rangebound: Bhat

    20th December, 2004 09:14

    The market is likely to remain rangebound at these levels, as we are in uncharted territory, says Bhat.

  • Panel favours grants to tax devolution

    18th December, 2004 13:53

    The 12th Finance Commission report has set milestones for both the Centre and the states in terms of restructuring their financial health.

  • Lord Krishna Bank to hike authorised capital

    18th December, 2004 13:16

    Lord Krishna Bank has decided to hike its authorised capital to Rs 300 crore, as part of an effort to sustain growth in its busines.

  • Ashok Leyland promotes logistics company

    18th December, 2004 13:09

    Ashok Leyland has promoted a new company, Ashley Transport Services Ltd, ATLSL, to provide information exchange and integrated logistic services to handle the frei

  • Reliance Growth declares 25% dividend

    18th December, 2004 12:52

    Reliance Growth Fund has declared a 25% dividend, with the record date being December 24.

  • Exit Tata Finance, says Bhushan

    18th December, 2004 12:40

    Vijay Bhushan is of the view that investors should sell Tata Finance and apply for Indico Remedies' IPO.

  • ING Vysya Life expects Rs 200 cr revenue

    18th December, 2004 12:28

    ING Vysya Life Insurance expects an income of Rs 200 crore by the end of this financial year.

  • HCL Tech likely to protest before tribunal

    18th December, 2004 12:19

    IT department has a Rs 800 crore rupee tax demand on HCL. The case will come before the income tax appellate tribunal soon, where HCL is likely to protest this hug

  • Sell Lyka Labs; buy HPCL, BPCL or IOC

    18th December, 2004 11:59

    Vijay Bhushan is of the view that investors should sell Lyka Labs and invest in HPCL, BPCL or IOC.

  • Investors can hold TN Petro: Vasudeo

    18th December, 2004 11:23

    Hitendra Vasudeo is of the view that investors can hold Tamilnadu Petroproducts.

  • Stoploss of Rs 145 advised for NIIT Tech

    18th December, 2004 10:43

    Hitendra Vasudeo is of the view that investors should hold NIIT Technologies with a stoploss of Rs 145.

  • US stocks decline on Pfizer announcement

    18th December, 2004 09:54

    Investors sent US stocks lower on Pfizer’s announcement of possible health risks connected with its Celebrex drug. The Dow fell 55.72 points to 10,649.92.

  • Workers' union opposes BoI and UBI merger

    17th December, 2004 19:09

    The workers' union of Bank of India has opposed any move to merge the bank with the Union Bank of India saying it will lead to shrinkage of branches in Gujarat and

  • Sector Watch: Tech, pharma, banks

    17th December, 2004 18:50

    Investment advisor PN Vijay is bullish on technology, banks, telecom and the pharma sectors in the coming days.

  • Market Watch: Climb seen on further inflows

    17th December, 2004 18:41

    The market may have room to move up further, going forward, with FII money still strong, and domestic investors propping up a midcap rally, say analysts.

  • RBI to upgrade security features of currency

    17th December, 2004 18:15

    In a bid to curb counterfeiting, Reserve Bank of India plans to upgrade the security features of currency notes and coins from April, 2005,

  • Thomas Cook logs all time best numbers

    17th December, 2004 17:05

    Thomas Cook has announced its fourth quarter earnings. The company says this has been the best year in its history, and hopes to repeat the performance.

  • Nicholas Piramal buys Rhodia IA segment

    17th December, 2004 16:33

    Nicholas Piramal has acquired Rhodia's anaesthetics business, for $ 14 million. The deal will give Nicholas Piramal access to over 90 countries, through Rhodia

  • Heavyweights witness correction in F&O trade

    17th December, 2004 16:16

    The derivatives segment of the market was characterised by large volumes. Many heavyweights saw corrected today, with the futures segment losing open interest.

  • Gail eying 10% stake in China Gas Holdings

    17th December, 2004 16:04

    Gail is eyeing a 10% stake in China Gas Holdings, which has exclusive rights to set up city gas distribution projects in 42 cities across China.

  • TIE stresses on quality staff and technology

    17th December, 2004 15:56

    The Indus Entrepreneurs, or TIE, the premier association of Indian and Indian origin entrepreneurs, stresses the need for an efficient staff and top-of-the-line te

  • Enter Tisco, Essar Steel: Vasudeo

    17th December, 2004 15:48

    Hitendra Vasudeo is of the view that investors can buy Tisco and Essar Steel at current levels.

  • Markets correct: Widespread selling seen

    17th December, 2004 15:38

    The markets corrected and the Sensex slipped below 6350. Most of the capital goods, tech, telecom, and auto stocks declined but pharma and metal stocks were firm.

  • City Union Bank vaults to 52-week high

    17th December, 2004 15:19

    City Union Bank has vaulted to a 52-week high of Rs 94.60 as buying intensified on this counter.

  • Hero Honda bags corp governance award

    17th December, 2004 15:11

    Two-wheeler company, Hero Honda has bagged the award of best governed company in the private sector.

  • Pricol locked at 10% upper circuit

    17th December, 2004 15:01

    Pricol is locked at the 10% upper limit of the circuit breaker on renewed buying interest.

  • Buy Warren Tea, may touch Rs 160-170: Prasad

    17th December, 2004 14:54

    VVK Prasad is of the view that investors can enter Warren Tea at Rs 95-100.

  • Mawana Sugar frozen at 10% upper circuit

    17th December, 2004 14:46

    Mawana Sugar is frozen at the 10% upper circuit breaker on renewed buying interest.

  • Only buyers in VIP, stock at a high

    17th December, 2004 14:37

    VIP Industries has touched a 52-week high of Rs 82.20. At 14:41 pm the share is quoting at Rs 82.20, up Rs 13.70.

  • Stoploss of Rs 82 advised for NTPC: Shah

    17th December, 2004 14:27

    Gaurang Shah is of the view that NTPC can go upto Rs 88-100. However, a stoploss of Rs 82 is advised.

  • Nicholas at a high on acquisition news

    17th December, 2004 14:15

    Nicholas Piramal has flared to a 52-week high of Rs 1,437 after its board approved the acquisition of the global inhalation anaesthetics, IA, business of Rhodia, U

  • Bharti Tele plunges, top loser on Sensex

    17th December, 2004 14:09

    Bharti Tele has plunged 5.06% to Rs 202.50 on profit taking after the stock touched a lifetime high of Rs 220 in intraday trades yesterday.

  • REL's not bought back any share: Shenoy

    17th December, 2004 14:00

    Reliance Energy, REL, has not bought a single share under the share buyback scheme which was launched on June 14. The company has offered to buy shares only from t

  • Sensex slips below 6400: Stocks correct

    17th December, 2004 13:44

    The Sensex has slipped below 6400 following the weakness in the FMCG, technology, telecom, auto, and capital good stocks. Selective buying however is seen in midca

  • RIL to bid for Pak's National Refinery

    17th December, 2004 13:30

    The Pakistan government has shortlisted Reliance Industries, as one of the bidders it will invite, to sell 51% stake in National Refinery

  • National gas pipeline policy to be delayed

    17th December, 2004 13:05

    The proposed national gas pipeline policy, for which a draft was issued more than a year ago, is likely to be delayed further as it might be scrutinised by a group

  • NPAs of Indian banks down: Chidambaram

    17th December, 2004 12:44

    Finance Minister P Chidambaram said today that the gross and net non-performing assets, NPAs, of Indian banks have gone down significantly.

  • RIL down if does not bounce back from Rs 485

    17th December, 2004 12:22

    According to technical analyst, Mitesh Thacker, if Reliance Industries does not bounce back from Rs 485 levels, it can go down further by another 5%-6%.

  • Inflation falls to 7.02%, from 7.3%

    17th December, 2004 12:14

    Inflation for the week ended December 4 has fell to 7.02%, from 7.3% a week ago, falling below market expectations of 7.3%. The decline was mainly on account of a

  • Positive on i-flex, Polaris, Wipro: Thacker

    17th December, 2004 12:05

    In the tech pack, stocks like i-flex, Wipro and Polaris are looking good.

  • Matrix Labs on a roll

    17th December, 2004 11:45

    Matrix Laboratories has touched an intraday high of Rs 2,180. At 11:41 am the share is quoting at Rs 2,155, up Rs 136.20, or 6.75%.

  • Rain Calcining posts a smart rally

    17th December, 2004 11:41

    Rain Calcining has touched an intraday high of Rs 21.25. At 11:39 am the share is quoting at Rs 20.85, up Rs 1.40, or 7.20%.

  • Indian FIs keen on restarting Dabhol in 2006

    17th December, 2004 11:34

    Indian financial institutions are working towards restarting the $ 2.9 billion Dabhol power plant, set up by bankrupt US energy giant Enron, in 2006.

  • S&Ps stands by Reliance, says no re-rating

    17th December, 2004 11:25

    Standard and Poor's has maintained its 'sovereign' rating on Reliance Industries, and says no re-rating is expected.

  • Stoploss of Rs 65 advised in Videocon Int

    17th December, 2004 11:22

    VK Sharma is of the view that investors should keep a stoploss of Rs 65 in Videocon International.

  • Averaging advised in Welspun Gujarat: Sharma

    17th December, 2004 10:58

    VK Sharma is of the view that investors should do averaging in Welspun Gujarat between Rs 40-42.

  • FII inflows to continue: C Jayaram

    17th December, 2004 10:47

    Driven by liquidity flows, the markets are going through a bullish phase, and ED at Kotak Mahindra Bank, C Jayaram says the flows are going to continue for a few m

  • Maharashtra Seamless hits a 52-week high

    17th December, 2004 10:40

    Maharashtra Seamless has touched a 52-week high of Rs 296.50. At 10:43 am the share is quoting at Rs 295, up Rs 29.80, or 11.24%.

  • IDBI Bk targets Rs 5000cr for home loans

    17th December, 2004 10:31

    IDBI Bank has started a new scheme in order to meet its target of Rs 5,000 cr for home loans this financial year.

  • Stoploss of Rs 63 advised for Dhampur Sugar

    17th December, 2004 10:18

    VK Sharma is of the view that investors should keep a stoploss of Rs 63 in Dhampur Sugar Mills.

  • Nifty may touch 2100: Iyengar

    17th December, 2004 10:13

    Data from the F&O segment suggests that the Nifty may be headed to a level of 2100, says analyst Srikanth Iyengar of Edelweiss Capital.

  • Market opens flat: Tech shares weak

    17th December, 2004 09:52

    The markets have opened on a flat note. Weakness is seen in the technology and auto stocks but select pharma, steel, sugar, and cement stocks are firm.

  • Reliance Info's debts put at Rs 3500cr

    17th December, 2004 09:39

    Nearly Rs 3500 crore in receivables lodged in the balance sheet of Smart Entrepreneur Solutions, part of the greater Reliance family, indicates that Infocomm's de

  • Crude rises on expectations of cold weather

    17th December, 2004 09:14

    Crude oil futures are headed for their biggest weekly gain in 21-months on speculation that cold weather may boost demand .

  • Market is expected to consolidate: Vora

    17th December, 2004 09:11

    The volatility is likely to continue and the market is expected to consolidate at these levels, says Vora.

  • Asian markets trading higher

    17th December, 2004 08:56

    Asian markets are trading higher. Tokyo's Nikkei average is up 1.61% amid bargain hunting in automaker shares.

  • Speaker offers to quit over unruly House

    16th December, 2004 21:42

    LS Speaker Somnath Chatterjee threatened to resign after the Opposition turned unruly following Railway Minister Lalu Prasad Yadav's absence in the House.

  • Gujarat govt, Centre may be at odds over CNG

    16th December, 2004 20:53

    The Gujarat government seems to be heading for a rift with the Centre over the issue of promulgating an Act to popularise CNG.

  • Minister seeks excise on synthetics at 8%

    16th December, 2004 19:43

    Textiles Minister Shanker Singh Vaghela wants excise duty on synthetic fibre cut by a half or a third to 8%. The minister is getting flexible with just two months

  • Global Trust Bank out of Fitch Ratings

    16th December, 2004 19:23

    Fitch Ratings, the international ratings agency, has withdrawn its individual and support ratings for Global Trust Bank ,GTB.

  • IA offers 'Roaring Singapore' package

    16th December, 2004 19:16

    Indian Airlines has announced a new holiday package between India and Singapore.

  • Duty drawback norms for crude oil notified

    16th December, 2004 18:42

    The minister for Petroleum and Natural gas, Mani Shankar Aiyar said that the duty drawback norms under which oil companies are allowed duty-free import of crude oi

  • Saregama India expects a good tune ahead

    16th December, 2004 17:20

    Saregama India says its profits from publishing revenues and film production will improve its bottom-line. Reclassification of its products as 'intellectual produc

  • PeopleSoft, Oracle merger to help Satyam

    16th December, 2004 17:09

    According to BSE, the PeopleSoft and Oracle merger will benefit Satyam Computer Services Ltd.

  • Gold-based derivative launched

    16th December, 2004 16:56

    Altos Advisory Services in collaboration with the Multi-commodity Exchange of India, MCX, launched India's first derivatives based Gold Accumulation Programme in C

  • Nirma to acquire Core Health Care

    16th December, 2004 16:27

    Nirma has informed the BSE that the board of directors of the company have decided to acquire the undertakings of Core Health Care situated at Ahmedabad.

  • Analyst positive on ACC, HPCL, ITC, SBI..

    16th December, 2004 16:24

    Technical analyst, Prakash Gaba, is bullish on Gujarat Ambuja, ACC, Grasim, Bharti Tele-Ventures, Tata Teleservice, Tata Motors, Maruti, M&M, Hero Honda, Bajaj Aut

  • ING Vysya Bank to offer 3 shares for 1

    16th December, 2004 16:18

    The bank has decided to offer three equity shares on a rights basis for every existing equity share of Rs 45 each.

  • IOC board to meet on Dec 22 for IBP merger

    16th December, 2004 16:14

    The board of IOC will meet on December 22 to consider the proposed merger of IBP with itself. The swap ratio is likely to favour IBP.

  • Rites, L&T, Voltas bag awards

    16th December, 2004 16:00

    Rites, L&T, Voltas, Ircon Intl Ltd, bag awards from Project Exports Promotion Council of India.

  • F&O trade marked by high turnover

    16th December, 2004 16:00

    The derivatives segment of the market logged a high turnover today. Volumes picked up in the last half hour of trade.

  • TRAI postpones reduction in ADC

    16th December, 2004 15:58

    TRAI has postponed the announcement of reduction in Access Deficit Charge in view of opposition from BSNL.

  • Indoco Remedies issue subscribed 5.3 times

    16th December, 2004 15:49

    Indoco Remedies Ltd issue has been subscribed 5.3 times. The IPO is to the tune of 3,000,000 equity shares of Rs 10 each to raise between Rs 66 crore and Rs 73.5

  • Asian markets close weak

    16th December, 2004 15:45

    Asian markets have closed weak. Tokyo's Nikkei average was down 0.29% amid profit taking in autos and exporters.

  • Hold Indian Hotels for long term: Sharma

    16th December, 2004 15:26

    VK Sharma is of the view that investors should continue to hold Indian Hotels for long term.

  • Roadmap for banking sector reforms soon: FM

    16th December, 2004 15:17

    The government will shortly come up with a roadmap for banking sector reforms, including deciding on a cap on increased FDI, in private banks to 74% and raising vo

  • Mascon Global plans fourth GDR issue

    16th December, 2004 15:09

    Mascon Global has planned its fourth GDR issue. The company plans to use the funds for infrastructure expansion, and to clear debt.

  • Exit Hotel Leela; buy ITC Hotels at Rs 150

    16th December, 2004 14:59

    MP Shilpa is of the view that investors should book profit in Hotel Leela. They can invest in ITC Hotels at Rs 150.

  • Bajaj Hindustan climbs higher

    16th December, 2004 14:48

    Bajaj Hindustan has touched an intraday high of Rs 103.25. At 2:51 pm the share is quoting at Rs 99, up Rs 2.60, or 2.70%.

  • Buy Mangalam Cement with stoploss of Rs 47

    16th December, 2004 14:42

    MP Shilpa is of the view that investors can buy Mangalam Cement at Rs 53-55. However, a stoploss of Rs 47 is advised.

  • Petroleum's local pricing at right time: FM

    16th December, 2004 14:30

    The government is monitoring the movement of global crude oil prices and appropriate steps will be taken at the right time, on its domestic pricing

  • Pvt cos to enter gas transportation: Aiyar

    16th December, 2004 14:27

    Petroleum Minister Mani Shankar Aiyar said today that the government will end GAIL India's monopoly over laying natural gas pipelines by allowing private sector fi

  • Mkt correction, investors should buy: Mitra

    16th December, 2004 14:20

    The markets may climb further from its current levels, on the back of strong liquidity and budgetary reforms, but investors should buy only when a correction is se

  • Sensex, Nifty hit new all-time highs

    16th December, 2004 14:05

    The markets have scaled new heights on the back of the gains in the oil, pharma, capital goods, and auto stocks. Media and steel stocks however, are weak.

  • Karnataka Bank on the move

    16th December, 2004 14:00

    Karnataka Bank has touched an intraday high of Rs 153.40. At 2:08 pm the share is quoting at Rs 152.75, up Rs 5.15, or 3.49%.

  • Profit booking continues in Indiabulls

    16th December, 2004 13:58

    Indiabulls has touched an intraday high of Rs 83.90. At 2:02 pm the share is quoting at Rs 80.65, down Rs 4.20, or 4.95%.

  • L&T is outperforming: Mathew

    16th December, 2004 13:43

    According to technical analyst, E Mathew, Larsen and Tourbo is certainly outperforming.

  • Buy ONGC if it dips to Rs 810, says Shilpa

    16th December, 2004 13:07

    MP Shilpa is of the view that investors can buy ONGC if it dips to Rs 810. However, a stoploss of Rs 785 is advised.

  • Bhambwani is positive on NTPC

    16th December, 2004 12:46

    Technical analyst, Vijay Bhambwani, is positive on NTPC and said that short covering will take the counter up.

  • Wipro allots equity to JP Morgan Chase Bank

    16th December, 2004 12:25

    Wipro has allotted 18,500 equity shares of par value Rs 2 each to JP Morgan Chase Bank, as underlying shares in respect of ADRs to be issued and allocated to the p

  • Exit Adani Exports, buy Cummins India: Shah

    16th December, 2004 12:22

    Rajen Shah is of the view that investors should switch over to Cummins India from Adani Exports for good returns.

  • Bajaj above Rs 1065 to see 2-3% upmove

    16th December, 2004 12:10

    According to technical analyst, Vijay Bhambwani, Bajaj Auto can put on another 2-3% if it consistently trades above Rs 1,065 today.

  • IBP flares on merger plans

    16th December, 2004 12:04

    IBP Company has soared 7.45% to Rs 615.50 after IOC announced that its board will consider the merger with IBP on December 22.

  • Maruti looks good for short term: Expert

    16th December, 2004 12:00

    According to technical analyst, Vijay Bhambwani, Maruti looks good for the short term.

  • Lumax Auto zooms on huge volumes

    16th December, 2004 11:59

    Lumax Automotive Systems has zoomed 7.05% to Rs 41 by 12:03 pm on fresh buying interest.

  • Wockhardt flares to 52-week high

    16th December, 2004 11:51

    Wockhardt has shot up to a 52-week high of Rs 364 on renewed buying interest.

  • Tata Teleservices among major gainers

    16th December, 2004 11:44

    Tata Teleservices (Maharashtra) has gained 7.65% to Rs 21.80 on reports that the company aims to have five million subscribers in the next five months and start e

  • Bridgestone to build plant in Brazil

    16th December, 2004 11:30

    Bridgestone Corporation has said that it would invest $160 million to build a plant in Brazil with initial output capacity of 8,000 tyres a day

  • Exchanges looking into Rel agreements

    16th December, 2004 11:20

    Experts say that any non-compliance, if found, will come under the SEBI Act. The two critical sections to watch out for are Section 15 A and 15HB.

  • Google wins trademark lawsuit

    16th December, 2004 11:09

    Google has won a major legal victory when a Federal judge said the search engine could continue to sell advertisements triggered by searches using trademark compan

  • Indian Hume Pipe can touch Rs 400: Shah

    16th December, 2004 10:58

    Rajen Shah is of the view that investors can target Rs 400 in Indian Hume Pipe in a year.

  • Market correction a healthy sign: Mutha

    16th December, 2004 10:56

    Indicators on the F&O segment indicate that the market is poised for a correction. Analyst Karun Mutha of IL&FS Investsmart welcomes the correction.

  • Markets consolidating: Heavyweights weak

    16th December, 2004 10:37

    The markets are witnessing some selling pressure. Index heavyweights SBI, RIL, ONGC, Infosys, ICICI Bank, and BHEL are weak. Correction is also seen in several mid

  • ING Vysya Bank vaults on huge volumes

    16th December, 2004 10:25

    ING Vysya Bank has vaulted 15.95% to Rs 489.15 on reports that the bank has proposed a rights issue attractively priced at Rs 45 per share in the ratio of 3:1.

  • MERC to hold hearing on MSEB transformer

    16th December, 2004 10:16

    The Maharashtra Electricity Regulatory Commission will hold a public hearing on Dec 30, on the State Electricity Board's implementation of a single-phase transfor

  • Only buyers in ITI post CCEA nod

    16th December, 2004 10:13

    ITI is locked at the 20% upper circuit on strong buying interest after CCEA, yesterday gave approval for a Rs 1,001 crore financial package.

  • Rel to be examined under Clause 49: Experts

    16th December, 2004 10:00

    Sebi has asked the NSE and the BSE to examine if the Reliance group companies had complied with all their listing agreements. Experts say that the Clause 49 of the

  • CCEA gives nod for 500 MW plant in Bihar

    16th December, 2004 09:57

    The Cabinet Committee on Economic Affairs has given its nod for the construction of a Rs 464.02 crore 500 MW transmission project in Bihar.

  • Markets open flat: SBI, RIL, ONGC weak

    16th December, 2004 09:48

    The markets have opened on a flat note. Weakness is seen in the index heavyweights SBI, RIL, and ONGC but select auto, telecom, technology, and pharma shares have

  • Cholamandalam MF plans equity schemes

    16th December, 2004 09:34

    Cholamandalam AMC will soon come out with a host of equity schemes as it feels that the valuation of most of the stocks are still attractive.

  • Brokers bullish on UTI Bank and Infosys

    16th December, 2004 09:27

    Brokerage houses are bullish on UTI Bank and Infosys.

  • Rupee likely to extend gains

    16th December, 2004 09:22

    The rupee is likely to extend gains against the US dollar today, reflecting the rise in other global currencies.

  • Markets likely to consolidate: Mohoni

    16th December, 2004 08:58

    Markets are not expected to see any major upmove today and there should be consolidation, says Mohoni.

  • Wall Street posts modest gains

    16th December, 2004 08:31

    Wall Street ended with modest gains despite an increase in crude oil prices.

  • Anil Ambani seeking board meet

    15th December, 2004 21:44

    In a letter dated December 6, Anil Ambani has asked for a board meet to discuss corporate governance at Reliance industries.

  • Hindu succession act approved

    15th December, 2004 21:33

    The Cabinet has approved the amendment of the Hindu Succession Act 1956.

  • Martin Sorrell: Advertising wiz unveiled

    15th December, 2004 21:26

    Martin Sorrell heads WPP which provides all marketing services under one roof. Here he gives us a look at how he made WPP so formidable.

  • Birlas seek appointment of administrator

    15th December, 2004 20:47

    The Birlas are seeking the appointment of an administrator for the MP Birla Group's corporate and private assets, which are roughly valued at Rs 5,000 crore.

  • Sam Pitroda to be PM's tech advisor

    15th December, 2004 20:05

    Sam Pitroda who was the Chairman of the Telecom commission in 1989 is set to become the Prime Minister's technology advisor.

  • Essar Steel to buy Stemcor's stake in HPSC

    15th December, 2004 19:46

    Essar Steel plans to raise up to $500 million to buy out Stemcor's stake in Hygrade Pellets & Steel Corporation of Gujarat.

  • Godrej Inds to give debt to group companies

    15th December, 2004 19:13

    Godrej Industries Ltd has sought the consent of its shareholders to give debt to group firms, Godrej Global Solutions Ltd, Godrej Properties and Investments Ltd an

  • Disney Channel, Toon Disney to air on Dec 17

    15th December, 2004 18:42

    Indian television will soon see the dual channel debut of Disney Channel and Toon Disney on December 17, which has tied up with STAR to bring the channels to India

  • Bharat Diamond Bourse to unveil in '05

    15th December, 2004 18:35

    Bharat Diamond Bourse, with an investment of Rs 900 crore, will be operational from December 2005 in Mumbai.

  • Russian oil major files for bankruptcy

    15th December, 2004 17:59

    Russian oil major, Yukos has filed for bankruptcy protection in the US and will seek an injunction to stop Russia from auctioning off its main production unit on D

  • FMCG to double growth in 2005-06

    15th December, 2004 16:47

    The FMCG industry is all set to double its growth in the coming year. After witnessing a staggering growth for the last four years, it has seen a boost in the past

  • Sensex ends at a new high

    15th December, 2004 16:19

    There was a big breakout on the indices. The Sensex and the Nifty closed at a new high.

  • Expert positive on M&M, HLL, Zee, Maruti...

    15th December, 2004 16:14

    Technical analyst, Rahul Mohindar, is positive on Zee Telefilms, M&M, Maruti, Bajaj Auto, Hero Honda, Infosys, Polaris, HLL, Canara Bank, Dena Bank, Vijaya Bank in

  • Rupee and bonds end strong

    15th December, 2004 15:51

    Bonds end strong with traders expecting liquidity to remain tight over the next few days on account of advance tax payments. Rupee firmed as the dollar lost streng

  • Sensex, Nifty close at all-time highs

    15th December, 2004 15:46

    The Sensex and the Nifty have closed at all-time highs following strong gains in the index heavyweights. The market breadth however, is negative.

  • Book part profit in Federal Bank: Gujral

    15th December, 2004 15:41

    Ashwani Gujral is of the view that investors may book part profit in Federal Bank.

  • OPEC pegs oil price band at $30

    15th December, 2004 15:24

    OPEC has pegged the new oil price band at around a median level of $30, to reflect inflation and the weakness of the US currency.

  • Exit Dabur Pharma, buy Indian Hotels or SAIL

    15th December, 2004 15:19

    Ashwani Gujral is of the view that investors should switch over to Indian Hotels, SAIL or Tisco from Dabur Pharma.

  • Surana Telecom ringing in gains

    15th December, 2004 15:16

    Surana Telecom has spurted 9.89% to Rs 75.55 after the company announced that it has received type approvals from DoT for Optical Fiber Cables.

  • ICICI Bank opens 500th branch

    15th December, 2004 15:09

    ICICI Bank has opened its 500th branch in North Mumbai at Thakur Village in Kandivili.

  • Buy Sesa Goa, Dredging Corporation: Gujral

    15th December, 2004 14:58

    Ashwani Gujral is of the view that investors can buy Sesa Goa and Dredging Corporation.

  • DoT looking into the SIM card black market

    15th December, 2004 14:33

    The Minister of State for Communications and IT has said that the government is looking into complaints of black marketing of SIM cards.

  • Exit Eveready Industries; buy Williamson Tea

    15th December, 2004 14:19

    Amitabh Chakraborty is of the view that investors should switch over to Williamson Tea Assam from Eveready Industries.

  • Sun Pharma in good health

    15th December, 2004 14:11

    Sun Pharmaceutical has touched an intraday high of Rs 515. At 2:13 pm the share is quoting at Rs 510, up Rs 20.95, or 4.28%

  • M&M, Eicher Motors better bet than Escorts

    15th December, 2004 13:57

    Amitabh Chakraborty is of the view that M&M and Eicher Motors are better bet than Escorts.

  • Mascon Global up on large volumes

    15th December, 2004 13:44

    Mascon Global has touched an intraday high of Rs 24.95. At 1:50 pm the share is quoting at Rs 23, up Rs 1.20, or 5.50%.

  • Polyplex Corporation loses ground

    15th December, 2004 13:37

    Polyplex Corporation has touched an intraday high of Rs 278.60. At 1:33 pm the share is quoting at Rs 261.35, down Rs 19.90, or 7.08%.

  • Exit JK Synthetics; buy ACC or Century Text

    15th December, 2004 13:25

    Amitabh Chakraborty is of the view that investors should switch over to ACC or Century Textiles from JK Synthetics.

  • India plans to double textile exports

    15th December, 2004 12:50

    India has targeted to increase textile exports to about $ 30 billion in the next two years following the lifting of quota regime, the Textiles Minister said in

  • Go long on Hero Honda, Grasim, Andhra Bank

    15th December, 2004 12:37

    According to technical analyst, Dhiraj Mohindar, one should go long on Hero Honda, Grasim and Andhra Bank.

  • Bharti EPS for '05 seen at at Rs 6.50

    15th December, 2004 12:28

    Post the STT-Malaysia consortium acquiring 47.7% stake in Idea Cellular, analysts estimate an EPS of Rs 10.3 for 2006 and Rs 6.5 for 2005 for Bharti.

  • Buy Ranbaxy, DRL, says analyst

    15th December, 2004 12:14

    According to technical analyst, Dhiraj Mohindar, one should certainly buy Ranbaxy and Dr Reddy's and should also be bullish on Hindustan Lever.

  • Tata Teleservices on the move

    15th December, 2004 12:10

    Tata Teleservices has touched an intraday high of Rs 20.80. At 11:52 am the share is quoting at Rs 20.55, up Rs 1.50, or 7.87%. It is trading with volumes of 90,70

  • Expert positive on Tisco, Jisco, SAIL

    15th December, 2004 12:05

    According to technical analyst, Dhiraj Mohindar, Tisco, Jisco, SAIL look good in the steel sector.

  • Sensex crosses 6400: Heavyweights up

    15th December, 2004 12:01

    The Sensex has crossed the 6400 level following strong buying interest almost across the board. Most of the technology, pharma, FMCG and auto stocks have rallied.

  • Ranbaxy gets approval to sell Fluoxetine

    15th December, 2004 11:55

    Ranbaxy Laboratories has received approval from the US FDA to manufacture and market Fluoxetine 40 mg capsules.

  • Iran-India pipeline delay to up gas prices

    15th December, 2004 11:54

    Iran's Deputy Minister of Foreign Affairs has said that delays in the proposed India-Iran gas pipeline via Pakistan, due to yet-unresolved India-Pakistan bilatera

  • Expert bullish on Neyveli, NTPC, BHEL, ABB

    15th December, 2004 11:50

    According to technical analyst, Dhiraj Mohindar, Neyveli Lignite, Tata Power, NTPC, BHEL and ABB look positive.

  • Equity MFs see net outflows of Rs 133 cr

    15th December, 2004 11:42

    Equity MFs reeled under redemption pressure in November, while selling in debt schemes gained further momentum. Liquid schemes turned out to be an exception.

  • ITC, Infosys to take the index to a new high

    15th December, 2004 11:19

    According to Dhiraj Mohindar, stocks like ITC, Infosys, Maruti, Telco, HDFC, ICICI will take the index to a new high.

  • Jindal Hotels hits a high

    15th December, 2004 11:09

    Jindal Hotels has touched a 52-week high of Rs 23.49. Hotel stocks have been on roll since the past couple of days on the back of increased dollar spends and highe

  • Buy HDFC Bank at Rs 450-460: Bhambwani

    15th December, 2004 10:59

    Vijay Bhambwani is of the view that investors can buy HDFC Bank if it dips to Rs 450-460.

  • Upside capped in current series: Expert

    15th December, 2004 10:32

    Though the Nifty closed at all time highs yesterday, analyst Ashok Mittal says that the upside may be limited within the present F&O series.

  • We may see 6700-6800 within 3 weeks: Dutt

    15th December, 2004 10:21

    According to Sanjay Dutt of Quantum Securities, the index is likely to make new highs within the next two weeks.

  • Enter Dena Bank at Rs 28: Bhambwani

    15th December, 2004 10:14

    Vijay Bhambwani is of the view that investors can buy Dena Bank at Rs 28.

  • Saregama India scales a new high

    15th December, 2004 10:07

    Saregama India has touched a 52-week high of Rs 117.70 on sustained buying interest.

  • Infomedia India flares to 52-week high

    15th December, 2004 09:52

    Infomedia India has flared to a 52-week high of Rs 175 after the company announced that it has signed MoU for sale of company's property.

  • Nifty at an all time high in opening trade

    15th December, 2004 09:44

    The Nifty has touched an all time high on sustained buying interest almost across the board. Several index stocks including Infosys, ITC, HLL, ONGC, Wipro, and SBI

  • Infocomm funding plan may have sparked fight

    15th December, 2004 09:27

    Reliance Infocomm had proposed last December to convert RIL's preference shares at Rs 49 premium. Later, this was upped to Rs 96 without discussion.

  • Insurance staff to strike work on Dec 21

    15th December, 2004 09:16

    Employees of public sector general insurance companies would go on a one day strike, come December 21.

  • Benchmark MF unveils first derivatives fund

    15th December, 2004 09:11

    Benchmark Mutual Fund has launched India’s first derivatives fund that will focus on generating returns from arbitrage.

  • Rupee likely to be weak

    15th December, 2004 08:58

    The rupee is likely to open slightly weaker against the US dollar because the greenback held steady against euro late Tuesday, after the Federal Reserve hiked inte

  • Asian markets trading higher

    15th December, 2004 08:47

    Asian markets are trading higher on the back of positive cues from Wall Street overnight.

  • HPCL, Chevron Texaco sign bunkering deal

    14th December, 2004 21:33

    HPCL has signed an MoU and confidentiality agreement with Chevron Texaco's fuel and marine marketing LLC.

  • India & US sign customs agreement

    14th December, 2004 19:53

    India and the United States will sign an agreement today for greater co-operation in preventing and investigating customs offences.

  • Clamshell phones threaten Nokia's candy bar

    14th December, 2004 18:55

    Nokia handsets top the popularity charts worldwide. but the Finn cellphone maker now faces a new threat in the form of clamshell phones.

  • M&B Footwear signs agreement with Bata

    14th December, 2004 18:30

    Looking at expanding its retail chain with in-house brands, M&B Footwear has signed an out sourcing deal with Bata.

  • Wipro gets multi-million deal from TUI UK

    14th December, 2004 18:01

    Wipro's remote infrastructure practice will be providing desktop support for TUI UK.

  • Scope of term contracts for oil limited

    14th December, 2004 17:17

    Oil PSUs have signed term contracts for supply of 42.51 million metric tonnes, MMT, of crude during 2004-05.

  • HSBC MF buys tech, sells metals in Nov

    14th December, 2004 16:50

    HSBC mutual fund sold banking, metals and petrochemical stocks in the month of November, while it bought into the technology pack.

  • SBI MF sells petrochems, techs in Nov

    14th December, 2004 16:43

    SBI mutual fund trimmed its exposure to petrochemical and tech stocks in the month of November.

  • Institutions may buy Bharti Tele: Kothari

    14th December, 2004 16:23

    Bharti Tele-Ventures is a good play on the Indian telecom story for institutional investors, said Mihir Kothari of Motilal Oswal Securities.

  • Kothari positive on BHEL, L&T

    14th December, 2004 16:20

    Mihir Kothari: of Motilal Oswal Securities is positive on engineering and construction stocks like BHEL, L&T and Nagarjuna Construction.

  • Exit Jaiprakash Associates at Rs 195-200

    14th December, 2004 15:58

    Vijay Bhambwani is of the view that investors can hold Jaiprakash Associates with a stoploss of Rs 160. They should exit from the stock at Rs 195-200.

  • Govt yet to take decision on oil PSUs' sale

    14th December, 2004 15:47

    The newly constituted Board for Reconstruction of PSEs, will advise the government on disinvestment of sick or loss-making units.

  • F&O segment sees another day of weak volumes

    14th December, 2004 15:44

    Turnover in the F&O segment of the market continued to be lower than average for the second consecutive day.

  • Airlines owe Rs 75,701 lakh to AAI

    14th December, 2004 15:36

    Praful Patel, Minister of State for Civil Aviation has informed the Rajya Sabha that various airlines owe a sum of Rs 75,701 lakh to the Airports Authority of Indi

  • SAIL among major gainers

    14th December, 2004 15:12

    SAIL has soared 4.89% to Rs 57.90 by 3:21 pm on strong buying interest.

  • Neyveli Lignite on the roll

    14th December, 2004 15:00

    Neyveli Lignite Corporation has soared 8.51% to Rs 65 by 3:04 pm on renewed buying interest.

  • Oil prices may not be reviewed tomorrow

    14th December, 2004 14:57

    Sources in the Petroleum Ministry have said that oil prices may not be reviewed tomorrow and that the government is considering switching to a quarterly review.

  • Kale Consultants spurts on heavy volumes

    14th December, 2004 14:33

    Kale Consultants has spurted to a 52-week high of Rs 74.40 on fresh buying. It is trading with huge volumes of 2,44,357 shares on the BSE.

  • Forbes Gokak touches a 52-week high

    14th December, 2004 14:27

    Forbes Gokak has touched a 52 week high of Rs 272.90. At 2:32 pm the share is quoting at Rs 272.10, up Rs 42.30, or 18.41%.

  • Exit IOB, buy Union Bank or Dena Bank: Irani

    14th December, 2004 14:21

    Mehraboon Irani is of the view that investors can switch over to Union Bank or Dena Bank from Indian Overseas Bank for better returns.

  • Tech Toyz: Windows in the mobile world

    14th December, 2004 14:00

    A smartphone that runs Microsoft Windows, sychronises with your PC, has a camera and MSN messenger has arrived.

  • Exit Bajaj Auto, buy Rane Madras: Irani

    14th December, 2004 13:55

    Mehraboon Irani is of the view that short term investors should exit Bajaj Auto and invest in Rane Madras for better returns.

  • India to underperform: JM Morgan Stanley

    14th December, 2004 13:50

    According to JM Morgan Stanley, the buoyant phase in emerging markets may be ending. In this consolidation phase, Indian markets may underperform.

  • Nifty crosses 2000: Heavyweights gain

    14th December, 2004 13:38

    The Nifty has crossed the 2000 level as several index stocks have gained. Most of the steel, cement, oil, and power stocks are witnessing buying interest.

  • Sugar Sector still holds some value: Expert

    14th December, 2004 12:59

    According to Jamshed Desai of IL&FS Investsmart, the sugar sector still holds some value.

  • We are getting stronger: Larry Ellison

    14th December, 2004 12:16

    There will be some job losses at PeopleSoft and Oracle. But the new company will have twice as many application customers.

  • Indico Remedies' IPO opens December 17

    14th December, 2004 12:09

    Indoco Remedies' book built IPO will open on Friday. The company is offering 30 lakh shares at a price band of Rs 220-245, and plans to raise Rs 66 crore - Rs 73.5

  • PeopleSoft buyout will not hurt us: Nishar

    14th December, 2004 11:57

    Hexaware Technologies is hoping that the $ 10.3 bn takeover of PeopleSoft by Oracle should not hamper Hexaware's PeopleSoft business, which forms a substantial

  • Indiabulls down on profit booking

    14th December, 2004 11:50

    Profit booking was seen the Indiabulls counter today after it surged to a new 52-week high of Rs 98.40.

  • No adverse impact of ethanol ban: Dhampur

    14th December, 2004 11:43

    Dhampur Sugar says that the proposed ban on ethanol doped petrol will not adversely impact the company.

  • Aksh Optifibre among major gainers

    14th December, 2004 11:23

    Aksh Optifibre has touched a 52-week high of Rs 38.50. At 11:22 am the share is quoting at Rs 37.70, up Rs 2, or 5.60%

  • DCW hits a 52-week high

    14th December, 2004 11:13

    DCW has touched a 52-week high of Rs 43.70. At 11:14 am the share is quoting at Rs 42.65, up Rs 2.45, or 6.09%.

  • Hold Tata Chemicals for long term: Irani

    14th December, 2004 11:00

    Mehraboon Irani is of the view that Tata Chemicals is a safe bet and investors can hold the stock for long term.

  • India's November car sales up 21%: Siam

    14th December, 2004 10:56

    As per the Society of Indian Automobile Manufacturers, Siam, India's passenger car sales grew 21.2% in November to 70,465 units.

  • HDFC Bank target seen at Rs 500-587: Gaba

    14th December, 2004 10:45

    Prakash Gaba is of the view that investors can target between Rs 500-587 in HDFC Bank.

  • Downside likely before a rally: Bansal

    14th December, 2004 10:38

    Volumes have been lacklustre in the derivatives segment of the market. Navneet Bansal anticipates a further downside before the market starts rallying.

  • Zee puts on a poor show

    14th December, 2004 10:31

    Zee Telefilms has recovered from a day’s low of Rs 158. At 10:37 am the share is quoting at Rs 160.70, down Rs 1.45, or 0.89%.

  • Bharti Tele rings in gains

    14th December, 2004 10:25

    Bharti Tele Ventures has touched a 52-week high of Rs 198.90. At 10:22 am the share is quoting at Rs 197.65, up Rs 6.75, or 3.54%

  • Only buyers in United Breweries, stock up 5%

    14th December, 2004 10:22

    United Breweries has touched a 52-week high of Rs 433.95. At 10:20 am the share is quoting at Rs 433.95, up Rs 20.65, or 5%.

  • Essar Oil debt-restructuring plan approved

    14th December, 2004 10:10

    Essar Oil's board has approved a comprehensive revised debt-restructuring package, earlier cleared by its corporate debt-restructuring cell of lenders.

  • Tips Industries on the move

    14th December, 2004 10:08

    Tips Industries has touched an intraday high of Rs 51.80. At 10:10 am the share is quoting at Rs 51.50, up Rs 4.10, or 8.65%.

  • Rival car makers team up on hybrid engines

    14th December, 2004 10:00

    General Motors Corporation and DaimlerChrysler AG are teaming up to develop fuel-saving hybrid engines in hopes of cashing in on an expanding market.

  • Sensex tests 6300 in opening trade

    14th December, 2004 09:49

    The markets have opened on a positive note following fresh buying interest in the oil, auto, cement, steel, technology, and telecom stocks. Several midcap shares h

  • RIL clarifies about subsidiaries' ownership

    14th December, 2004 09:45

    Reliance Industries has said that the two companies that had invested in the ONGC and TCS IPOs do not belong to Mukesh Ambani.

  • IL&FS for agarbati project with Tripura govt

    14th December, 2004 09:41

    IL&FS has joined hands with the government of Tripura, alongwith ITC for financing an incense project in the state.

  • Oil rises above $41 per barrel

    14th December, 2004 09:19

    Crude oil rose for a second day, pulled higher by heating oil, on speculation that colder weather in the US Northeast may reduce stockpiles of the fuel.

  • Markets likely to be rangebound: Choksey

    14th December, 2004 08:52

    The markets are expected to be rangebound in the near-term. However, the growth momentum will continue in the longer run, says Choksey.

  • Stocks rally on Wall Street

    14th December, 2004 08:24

    Stocks closed higher on Wall Street amid the Oracle-PeopleSoft merger and a climb in retail sales figures.

  • Garment exports seen growing by 30%

    13th December, 2004 20:42

    Textile and apparel exporters say that India's fabric and garment exporters can grow upto 30%, with the dismantling of the quota system from January 1. However, po

  • Finance Minister affirms positive outlook

    13th December, 2004 20:37

    The mid - year review of the government suggests a rosy picture of the economy, despite a late monsoon. Overall growth rate is likely to be closer to 6%.

  • PTC India signs MoU for 9,000 mw with cos

    13th December, 2004 20:18

    PTC India Ltd has signed a memorandum of understanding (MoU) for 9,000 mw of power with various companies and Initial power purchase agreements, PPAs, for 2,000 mw

  • Under recoveries to burden OMCs

    13th December, 2004 20:08

    The entire burden of under recoveries for the second half of the year would be borne by oil marketing companies, according to MS Ramachandran, IOC Chairman.

  • Rural markets developing faster

    13th December, 2004 19:09

    Rural market for consumer goods like its urban counter part may be seeing flat growth this year, but a retail audit study by ACNielsen shows that the rural space i

  • Tisco, Hotel Leela, M&M, Tata Power, ONGC..

    13th December, 2004 16:49

    Technical Analyst, Anil Manghnani, is positive on ONGC, Infosys, Mahindra and Mahindra, Hotel Leela, Tata Power, Tisco in the coming days.

  • Steel prices may rise after Jan: Jisco

    13th December, 2004 16:21

    The outlook for the steel sector is stable for the next one-and-a-half-years, and prices are likely to see traction after January, Raman Madhok of Jisco tells CNBC

  • F&O volumes rise in the last hour of trade

    13th December, 2004 16:00

    Though volumes in the derivatives segment resurrected in the last hour of trade, the total turnover has dipped in comparison to the last few trading sessions.

  • Stoploss of Rs 770 advised in ONGC: Mohoni

    13th December, 2004 15:50

    Deepak Mohoni is of the view that investors should keep a trailing stoploss of Rs 770 in ONGC.

  • Markets up on broadbased buying

    13th December, 2004 15:41

    The markets closed higher on the back of strong buying interest in the media, oil, steel, and pharma stocks. Several midcap stocks also flared up.

  • IOC banking on crude oil price dip

    13th December, 2004 15:27

    IOC is expecting to recoup the losses incurred so far, if global crude oil prices remain at the current $ 41 per barrel levels, or even slip further.

  • Tips Industries hits 20% upper circuit

    13th December, 2004 15:05

    Tips Industries has hit a 20% upper circuit with pending buy orders of 34,344 shares, and no sellers available.

  • Atlas Cycles riding high

    13th December, 2004 14:49

    Atlas Cycles has touched a 52-week high of Rs 141.75. At 2:54 pm the share is quoting at Rs 140.40, up Rs 19.55, or 16.18%.

  • Buy Aurobindo Pharma with stoploss of Rs 319

    13th December, 2004 14:31

    Prakash Gaba is of the view that investors can buy Aurobindo Pharma with a stoploss of Rs 319.

  • Buy Super Spinning, target Rs 180: Gaba

    13th December, 2004 14:16

    Prakash Gaba is of the view that investors can buy Super Spinning Mills. They could target Rs 180 in the counter in six months.

  • Arvind Products target seen at Rs 23-24

    13th December, 2004 14:04

    Mukesh Singh is of the view that investors can target Rs 23-24 in Arvind Products.

  • Hind Organic among major gainers

    13th December, 2004 13:50

    Hindustan Organic Chemicals has touched an intraday high of Rs 22.50. At 1:43 pm the share is quoting at Rs 22.20, up Rs 1.85, or 9.09%.

  • PNC puts on a good show

    13th December, 2004 13:48

    Pritish Nandy Communications has touched an intraday high of Rs 72.50. At 1:43 pm the share is quoting at Rs 70.60, up Rs 4.65, or 7.05%.

  • Midyear review: VAT, customs cuts reiterated

    13th December, 2004 13:29

    The mid-year Economic Review has stressed the need to carry forward tax reforms, and reiterated the commitment to lower custom duties to ASEAN levels, and the impl

  • Petronet LNG hires second LNG carrier

    13th December, 2004 13:28

    Petronet LNG, India's first LNG importer, has taken delivery of its second LNG carrier. This will increase imports at its Dahej terminal in Gujarat to 5 million to

  • Exide EGM to decide on equity issue

    13th December, 2004 12:52

    Exide Industries will hold an EGM of its shareholders on January 6, to obtain their approval on the allotment of equity shares to FIIs and MFs, on a private placem

  • Analyst bearish on BPCL and ONGC

    13th December, 2004 12:40

    Technical analyst, Rajat Bose, is bearish on ONGC and BPCL.

  • Reliance Energy looking weak: Analyst

    13th December, 2004 12:34

    According to technical analyst, Rajat Bose, the most shaky amongst the Reliance group of shares is Reliance Energy.

  • Ballarpur Ind may touch Rs 99 in short term

    13th December, 2004 12:21

    Mukesh Singh is of the view that investors can expect Rs 99 in Ballarpur Industries in short term if it goes above Rs 86-87.

  • Torrent Cables on the move

    13th December, 2004 12:12

    Torrent Cables has touched an intraday high of Rs 82.85. At 12:09 pm the share is quoting at Rs 80.30, up Rs 7.30, or 10%

  • Texmaco gets Rs 38 crore contract from NTPC

    13th December, 2004 12:02

    Texmaco Limited has received an order, worth nearly Rs 38 crore, from NTPC, for its Khalgaon Super Thermal Power Project in Bihar.

  • Stoploss of Rs 146 advised for MTNL: Singh

    13th December, 2004 11:59

    Mukesh Singh is of the view that investors can hold MTNL. However, a stoploss of Rs 146 is advised.

  • Texmaco hits a 5% upper circuit

    13th December, 2004 11:51

    Texmaco has hit a 5% upper circuit with pending buy orders of 12,021 shares, with and sellers available.

  • Zee, top gainer on the Sensex

    13th December, 2004 11:45

    Zee Telefilms is the top gainer on the Sensex. It has touched an intraday high of Rs 165.40

  • Indian Hotels at a new high

    13th December, 2004 11:36

    Indian Hotels has touched a 52-week high of Rs 545. At 11:30 am the share is quoting at Rs 545, up Rs 21, or 4.01%.

  • Only buyers in JMC Projects, stock up 10%

    13th December, 2004 11:32

    JMC Project is locked on the 10% upper circuit. At 11:18 am the share is quoting at Rs 57.20, up Rs 5.20.

  • Coca Cola to invest more in China

    13th December, 2004 11:21

    Coca Cola is planning to invest more in China, ahead of the Beijing Olympics. The multinational hopes that China will be its third largest market by 2008.

  • India's exports rise 24%

    13th December, 2004 11:16

    Commerce and Industry Minister Kamal Nath said that India's exports in April to November this year rose 24% to more than $ 46 billion.

  • Exit Tisco if stays below Rs 320: Singh

    13th December, 2004 11:08

    Mukesh Singh is of the view that investors should exit Tisco if it stays below Rs 320.

  • Tax treaty relook due to foreign pressure?

    13th December, 2004 11:04

    Chidambaram may want to revisit the Mauritius double tax avoidance treaty not due to economic reforms, but due to other economic considerations, say tax experts.

  • Ranbaxy gets FDA approval for Gabapentin

    13th December, 2004 10:49

    Ranbaxy Laboratories has received a tentative approval from the US FDA to manufacture and market Gabapentin 600 and 800 mg tablets.

  • RIL, REL down on selling pressure

    13th December, 2004 10:42

    Reliance Industries and Reliance Energy are depressed on reports that the battle for control in the Reliance group continues.

  • NCDEX to launch rice contracts

    13th December, 2004 10:26

    The National Commodity and Derivatives Exchange, NCDEX, will launch rice contracts soon, says chief business officer Narendra Gupta.

  • Rural markets developing fast: ACNielsen

    13th December, 2004 10:11

    Just like its urban counterpart, the rural market may be seeing flat growth this year. But a retail audit study by ACNielsen shows that the rural market is develop

  • Karnataka Bk at a high on rights issue news

    13th December, 2004 10:02

    Karnataka Bank has touched a 52-week high of Rs 159 on fresh buying on reports that the bank would float a rights issue of equity shares in January 2005.

  • Jaypee Hotels hits a 52-week high

    13th December, 2004 09:56

    Jaypee Hotels has touched a 52-week high of Rs 45 on sustained buying interest. At 10 am the share is quoting at Rs 45, up Rs 3.90, or 9.49%.

  • Market opens flat: RIL, REL decline

    13th December, 2004 09:50

    The markets have opened on a flat note. The Reliance group stocks are depressed but select oil, technology, and bank stocks have gained.

  • Consortium to acquire 47.7% stake in Idea

    13th December, 2004 09:46

    A consortium of ST Telemedia, and TM International will acquired a 47.7% stake in Idea Cellular for $ 309 mn.

  • Mayne enters into JV with Zydus Cadila

    13th December, 2004 09:40

    Australian health company Mayne has signed a joint venture agreement with Zydus Cadila to explore opportunities to construct and operate drug-manufacturing facilit

  • LIC offers 11% wage hike, TUs yet to decide

    13th December, 2004 09:18

    LIC has proposed a 11% wage hike for its over one lakh staffers across different categories in the current round of wage negotiations.

  • Market likely to remain subdued: Mohoni

    13th December, 2004 08:52

    The market is likely to remain subdued today but there is not enough momentum for a big slide, says Mohoni.

  • Bank of Punjab can touch Rs 36-37: Bahl

    11th December, 2004 13:29

    Alok Bahl is of the view that Bank of Punjab can go upto Rs 36-37 if it touches Rs 29.50 and holds above it. Investors should exit from the stock if it breaks Rs 2

  • Hold BHEL, may touch Rs 900 in long term

    11th December, 2004 13:16

    Alok Bahl is of the view that long term investors can hold BHEL. The stock could go upto Rs 900 in one and a half-years.

  • Investors can hold Berger Paints: Bahl

    11th December, 2004 13:08

    Alok Bahl is of the view that investors can hold Berger Paints. The stock could go upto Rs 54 in a year.

  • Tata Elxsi target seen at Rs 225-230: Bahl

    11th December, 2004 12:58

    Alok Bahl is of the view that Tata Elxsi can go upto Rs 225-230 in a year.

  • Exit RCF, buy Bajaj Hindustan: Bahl

    11th December, 2004 12:48

    Alok Bahl is of the view that investors should exit RCF and invest in Bajaj Hindustan, Balrampur Chini Mills or Dhampur Sugar Mills.

  • Stocks end lower on Wall Street

    11th December, 2004 09:33

    Stocks closed lower on Wall Street amid concerns over economy and inflation.

  • SC bars Chandrasekar in BPL mobile stake

    10th December, 2004 20:59

    The Supreme Court has stopped Rajeev Chandrasekar from transferring his stake in BPL mobile without the consent of the company law board. This follows a petition b

  • ECBs back in favour with India Inc.

    10th December, 2004 20:00

    External commercial borrowings, ECBs, are back in favour with corporates. As the dollar becomes cheaper and hedging costs come down, India Inc is lining up to rais

  • Indian sugar industry gets a sweet pill

    10th December, 2004 18:49

    The Indian sugar industry has been given a sweet pill by food secretary S K Tuteja. Tuteja Committee's proposal aims to de-regulate sugar sales.

  • Markets correct: Heavyweights decline

    10th December, 2004 16:25

    The Sensex closed the day with a loss of 70.73 points at 6,233.54. The Nifty too, dropped 20.95 points to 1,969.

  • Rupee and bonds end on a weak note

    10th December, 2004 15:52

    Bonds closed weak. The rupee fell as the greenback continued to rally against major rivals.

  • Sugar prices to increase: Bajaj Hindusthan

    10th December, 2004 15:47

    Sugar prices are likely to increase due to a shortfall in production this year due to low suplies, and the low free sale quota fixed by the government for the mont

  • Gateway Distripark IPO soon to be held

    10th December, 2004 15:36

    The Indian shipping industry is upbeat, flushed with the success of the Bharati Shipyard IPO, planned ahead is another public issue, that of container freight stat

  • Thermax expects to log 40% growth in topline

    10th December, 2004 15:33

    Thermax has bagged orders equalling Rs 155 crore. The company hopes to log a 40% growth in topline.

  • Hotel Leela touches a 52-week high

    10th December, 2004 15:04

    Hotel Leela has touched a 52-week high of Rs 144. At 3:00 pm the share is quoting at Rs 143, up Rs 9.95, or 7.48%.

  • Jindal Stainless moves higher

    10th December, 2004 15:00

    Jindal Stainless has touched an intraday high of Rs 96.70. At 3:00 pm the share is quoting at Rs 95.05, up Rs 4.65, or 5.14%.

  • HDFC Bank ADR issue set for January

    10th December, 2004 15:00

    HDFC Bank will issue 7.5 million ADRs in January, and this will bring down its promoters' stake to 20%, from 24.1%. The bank expects to raise $ 300 million thr

  • Reliance Energy, top loser on the Sensex

    10th December, 2004 14:39

    Reliance Energy is the top loser on the Sensex. It has touched an intra-day low of Rs 507.25.

  • NIIT on a winning path

    10th December, 2004 14:18

    NIIT has touched an intraday high of Rs 171 and an intraday low of Rs 148. At 2:17 pm the share is quoting at Rs 161, up Rs 11.35, or 7.58%

  • Analyst bullish on the cement sector

    10th December, 2004 14:16

    Technical analyst, E Mathew is bullish on the cement sector.

  • Buy Alok Textile at Rs 65: Analyst

    10th December, 2004 14:01

    Technical analyst H R Satish Kumar says investors may enter Alok Industries at Rs 65.

  • Goodyear on a roll

    10th December, 2004 13:16

    Goodyear India has touched an intraday high of Rs 64.95 and an intraday low of Rs 59.85. At 2:02 pm the share is quoting at Rs 64.50, up Rs 5.15, or 8.68%.

  • Stoploss of Rs 80 advised on IDBI

    10th December, 2004 13:09

    Technical analyst Hormuz Maloo advises a stoploss of Rs 80 on IDBI.

  • Stoploss at Rs 32 on Essar Steel: Analyst

    10th December, 2004 12:58

    Technical analyst Hormuz Maloo advises a stoploss of Rs 32 on Essar Steel.

  • Resistance at Rs 65 for Sona Koyo: Analyst

    10th December, 2004 12:53

    Technical analyst Hormuz Maloo says Sona Koyo Steering Systems faces resistance at around Rs 65 levels.

  • Punjab Alkalies on the move

    10th December, 2004 12:48

    Punjab Alkalies has touched an intraday high of Rs 23.95 and an intraday low of Rs 21.50. At 12:48 pm the share is quoting at Rs 23.75, up Rs 2, or 9.20%.

  • Inflation dips slightly to 7.3%, from 7.34%

    10th December, 2004 12:42

    The inflation rate for the week ended November 27 has fallen to 7.3%, from last week's 7.34%, defying market expectations that foresaw a rise above 7.58% leve

  • FIIs have kept the commitment on: Expert

    10th December, 2004 12:28

    According to Rajesh Jain of Pranav Securities, the sustained positive foreign institutional investments have kept the commitment on in the market.

  • Bharati Shipyd IPO oversubscribed 78 times

    10th December, 2004 12:24

    Bharati Shipyard's IPO, which closed yesterday, has been subscribed a huge 77.8 times, and the booking price set at Rs 66. SBI Capital Market, a lead manager of th

  • Markets showing mild nervousness: F&O data

    10th December, 2004 11:50

    Analyst says that the market is cautious post the euphoric rise of the Sensex to all time highs, and that most players are waiting for a level of 2,015 points to b

  • Eicher gains ground

    10th December, 2004 11:23

    Eicher has touched an intraday high of Rs 85.50 and an intraday low of Rs 80. At 11:22 am the share is quoting at Rs 85.50, up Rs 6.10, or 7.68%.

  • Tata Finance minting money

    10th December, 2004 11:20

    Tata Finance has touched an intraday high of Rs 54.90. At 11:22 am the share is quoting at Rs 54.40, up Rs 3.20, or 6.25%.

  • Govt must monitor, not control pricing: Naik

    10th December, 2004 11:09

    You can't have the cake and eat it too, says former Petroleum Minister Ram Naik, about oil pricing.

  • Ind-Swift flares to a new high

    10th December, 2004 10:27

    Ind-Swift has lunged up to a 52-week high of Rs 349 on sustained buying interest.

  • Oil rises as OPEC agrees to cut supply

    10th December, 2004 10:22

    Oil prices rose for a second day in a row as OPEC ministers called for the cartel to stop producing more oil than its official target in order to prevent a glut ne

  • JK Sugars hits a 10% upper circuit

    10th December, 2004 10:17

    JK Sugars has touched a 52-week high of Rs 38.15. At 10:18 am the share is quoting at Rs 38.15, up Rs 3.45, or 9.94%.

  • Inflation up at 7.66% from 7.34%: Poll

    10th December, 2004 10:12

    A poll conducted by Dow Jones sees inflation for the week ended November 27 at 7.66%, up from last week's 7.34%. The data will be released around noon today, by th

  • Rupee falls over 50p on global dollar surge

    10th December, 2004 09:58

    The rupee is expected to be weak against the US dollar because short-covering by banks is likely to continue.

  • Markets flat: Technology stocks gain

    10th December, 2004 09:50

    The markets have drifted lower after opening on a positive note. Buying interest is seen in the technology and auto stocks but the Reliance group shares are subdue

  • MFs may get to invest in commodities

    10th December, 2004 09:41

    Sebi is considering allowing mutual funds to invest in commodity derivatives, thus opening up a new avenue of investment for the mutual funds industry.

  • Tata AIG to get $200m capital infusion

    10th December, 2004 09:40

    Shareholders of Tata AIG Life Insurance Company will infuse $ 200 million as capital over the next three years.

  • US markets close higher

    10th December, 2004 08:23

    US market rebounded yesterday to close higher buoyed by better-than-expected news from National Semiconductor.

  • Reliance Capital money in Rel Info

    9th December, 2004 20:17

    This may prove Anil Ambani's questioning of investments is on shaky ground.

  • France invited to invest in SEZs in India

    9th December, 2004 19:28

    Introduction of a work permit or a visa regime for easy movement of professionals was also mooted.

  • Karnataka CM promises a better Bangalore

    9th December, 2004 19:10

    It is damage control time for the Karnataka government. The Chief Minister and his entourage of officials landed in Delhi and promised to put Bangalore's infrastru

  • ADS approval likely by March: Satyam

    9th December, 2004 19:00

    The board of Satyam Computer Services announced that the company will issue 15 million sponsored American depository shares, ADS. The company will take shareholder

  • FIs to ask for representation on RIL board

    9th December, 2004 18:46

    Amidst the proxy war between the Ambani brothers for the control of the Reliance empire, indications emerged on Thursday that the Life Insurance Corporation (LIC)

  • FICCI proposes tax reforms for next budget

    9th December, 2004 18:25

    FICCI has given suggestions on tax reforms for the next budget. Suggestions include measures like abolishing dividend disribution tax and minimum alternate tax.

  • ING Vysya Life Insurance unveils 2 plans

    9th December, 2004 17:54

    The Freedom Plan and the Future Perfect Plan are unit-linked schemes.

  • Tech toyz: Sony Ericsson S700i

    9th December, 2004 17:02

    Considered the best camera phone, it's for the photographer in you.

  • Govt yet to decide over BSNL, MTNL merger

    9th December, 2004 16:59

    A consortium of consultants have been appointed for synergising operations.

  • Hold IndusInd Bank with stoploss of Rs 44

    9th December, 2004 16:21

    Rahul Mohindar is of the view that investors can hold IndusInd Bank with a stoploss of Rs 44.

  • Sensex ends above 6300, Maruti zooms 5%

    9th December, 2004 16:15

    The Sensex went over 6,300 late in the afternoon, ending with a handsome gain of 43 points at 6,304. The Nifty too, ended up by 13 points at 1,991.

  • Exit Sri Adhikari at current levels

    9th December, 2004 16:00

    Rahul Mohindar is of the view that investors should exit Sri Adhikari at current levels.

  • Buy Satyam with stoploss of Rs 390

    9th December, 2004 15:43

    Rahul Mohindar is of the view that investors can buy Satyam. However, a stoploss of Rs 390 is advised.

  • Markets bounce back: Sensex ends above 6300

    9th December, 2004 15:40

    The Sensex recovered from an intraday low of 6241.27 due to fresh buying interest in several bank, auto, cement, refinery, and power stocks. Most of the midcap sug

  • ING Vysya Bank: Keep stoploss at Rs 350

    9th December, 2004 15:21

    Rahul Mohindar is of the view that investors should keep a stoploss of Rs 350 in ING Vysya Bank.

  • Onward Tech to preferentially issue shares

    9th December, 2004 15:17

    Onward Technologies will preferentially allot 14 lakh shares to its promoters at Rs 70 per share, and use the proceeds, estimated at Rs 9.8 crore, to invest in inf

  • 5-10 Indian companies to list on Nasdaq

    9th December, 2004 15:09

    Enthused by the success of Infosys and Sify, about 5-10 more Indian companies are aiming to list their shares on Nasdaq in the next 12-18 months.

  • Stoploss of Rs 10 advised in Birla VXL

    9th December, 2004 14:59

    Rahul Mohindar is of the view that investors should keep a stoploss of Rs 10 in Birla VXL.

  • Perfetti plans capex of Rs 4-5cr

    9th December, 2004 14:53

    Perfetti Van Melle India, PVM, a leading manufacturer and marketer of confectionery in the country, will invest Rs 4 - 5 crore on its expansion plans in the next o

  • GAIL to float separate corporate entity

    9th December, 2004 14:43

    Gas Authority of India Ltd, GAIL, is floating a separate corporate entity for its trading activities in India and abroad, Lok Sabha was informed today.

  • Bajaj Hindustan sweetens today

    9th December, 2004 14:29

    Bajaj Hindustan has touched a 52-week high of Rs 109 as buying intensified on this counter.

  • Infomedia India scales 52-week high

    9th December, 2004 14:20

    Infomedia India has touched a 52-week high of Rs 167.35 on fresh buying interest.

  • Publisher Advani remanded to police custody

    9th December, 2004 14:15

    Ashok Advani, printer-cum-publisher of Business India magazine, and a former Director of Jai Hind Co-operative Bank, was today remanded to police custody till Dece

  • Core work of ONGC not diluted: Aiyar

    9th December, 2004 14:10

    Minister for Petroleum and Natural Gas, Mani Shankar Aiyar told the Lok Sabha today that ONGC's core competence of oil and gas exploration and production would not

  • RFCL awarded ISO 14001:1996 certification

    9th December, 2004 13:40

    Ranbaxy Laboratories has announced that its allied business division, Ranbaxy Fine Chemicals, RFCL has been awarded ISO 14001:1996 certification from TUV Suddeutsc

  • Thermax flares on bagging Rs 90 cr order

    9th December, 2004 13:30

    Thermax has touched a 52-week high of Rs 549 after the company won an order worth Rs 90 crore from a leading steel firm.

  • Indonext expected to start from Jan '05

    9th December, 2004 13:21

    Indonext, the alternative trading platform for small and medium sized companies is likely to start as early as January 2005.

  • Investors should be cautious: Chakroborty

    9th December, 2004 12:39

    Amitabh Chakroborty of Kotak Securities, says that India will see lot of FII flows with markets taking a beating when the flow stops.

  • Ind-Swift spurts to 52-week high

    9th December, 2004 12:38

    Ind-Swift has touched a 52-week high of Rs 323.60 as buying gained momentum on this counter.

  • Uttam Galva Steel gains sheen

    9th December, 2004 12:33

    Uttam Galva Steel has surged to a 52-week high of Rs 40.40 on continued buying interest.

  • Havells India firms up to 52-week high

    9th December, 2004 12:19

    Havells India has touched a 52-week high of Rs 223.90 on strong buying. At 12:25 pm the share is quoting at Rs 221, up Rs 13.05, or 6.28%.

  • Hold NTPC for three years: Mehta

    9th December, 2004 11:56

    Mitesh Mehta is of the view that investors should hold NTPC for the next three years.

  • Ricoh India frozen at 10% upper limit

    9th December, 2004 11:46

    Ricoh India is frozen at the 10% upper limit of the circuit on sustained buying interest.

  • Buy Orchid Chemicals at Rs 250: Mehta

    9th December, 2004 11:43

    Dharmen Mehta is of the view that investors can invest in Orchid Chemicals at Rs 250.

  • Satyam board approves sponsored ADS issue

    9th December, 2004 11:37

    Satyam's board has approved its sponsored ADS issue, worth $ 351 million, and consisting of 15 million shares. The issue is scheduled for the first week of Mar

  • Hold Wipro, target Rs 1100 in a year: Mehta

    9th December, 2004 11:22

    Dharmen Mehta is of the view that investors should hold Wipro for long term. They can target Rs 1,100 in the stock in a year.

  • Bharti Tele on the roll, stock at a high

    9th December, 2004 10:59

    Bharti Tele has flared to a 52-week high of Rs 195 as buying continued on the counter after the RBI said that FIIs can buy shares of the company.

  • Retail side shows waning interest: Bagchi

    9th December, 2004 10:50

    According to Anup Bagchi of ICICI Direct, if the market does not stop at 6225 levels, it might go down by another 150-200 points.

  • Markets firm: Technology stocks in demand

    9th December, 2004 10:43

    The markets have moved up after witnessing choppy trade in early trade. Buying interest is seen in the technology and cement stocks. Index heavyweights are weak bu

  • F&O data warns of market correction

    9th December, 2004 10:30

    The F&O segment is sending clear warnings of a market correction, with very high cost of carry alongwith open interest running up rapidly. Experts suggest, sellin

  • Hindustan Lever eases, top loser on Sensex

    9th December, 2004 10:15

    Hindustan Lever has eased 3.16% to Rs 147.10 by 10:21 am on selling pressure. It is the top loser on the Sensex and the Nifty.

  • Indiabulls continues to buzz on bourses

    9th December, 2004 10:00

    Indiabulls has touched a new high of Rs 79.90 on sustained buying interest. At 10:15 am the share is quoting at Rs 79.30 up Rs 4.45, or 5.95%.

  • Markets open flat: HLL, RIL weak

    9th December, 2004 09:47

    The markets have opened on a flat note. The index heavyweights HLL and Reliance are a drag on the market. Selling is also seen in the steel stocks but technology s

  • Rumsfeld in India to discuss military ties

    9th December, 2004 09:38

    US Defense Secretary Donald Rumsfeld today indicated that the two countries were ready to transform relations into practical steps by saying that Washington wanted

  • Mittal tops Forbes richest Indian list

    9th December, 2004 09:28

    Forbes has announced its maiden list of the top 40 richest people in India in its upcoming issue. Steel titan Lakshmi Mittal tops the list with $ 11.2 billion

  • HLL sees 20% of sales in large retail shops

    9th December, 2004 09:22

    HLL expects 20% of its total business in India to come from large retail outlets, like Big Bazaar and Food World, in the next six years.

  • Rupee likely to weaken further

    9th December, 2004 09:12

    Short covering by banks amid the dollar's continued recovery in global markets and corporate demand could weaken the rupee further.

  • Govt to fix trade margins on generic drugs

    9th December, 2004 09:07

    The government may clamp trade margins on generic drugs, down to 35% for retailers and 15% for wholesalers. The pharma industry is not pleased at the prospects.

  • Asian markets trading lower

    9th December, 2004 08:32

    Asian markets are trading lower. Japan's Nikkei average is down 1.22% amid decline in tech shares.

  • Birla Sun Life infuses Rs 35 crore capital

    8th December, 2004 20:37

    Birla Sun Life Insurance has hiked its capital to Rs 350 crore and is aiming at 90% growth in business to Rs 700-800 crore this fiscal.

  • SBI life ensures 20 lakh lives

    8th December, 2004 20:13

    SBI Life Insurance has announced that it has become the first private insurance player in the country to cross the 20 lakh mark in number of customers.

  • Cabinet okays bill to amend Railways Act

    8th December, 2004 19:59

    The bill will include provisions for setting up a Rail Land Development Authority.

  • Westbridge Capital to raise $140 mn

    8th December, 2004 19:19

    Westbridge Capital plans are to raise the money by launching a fund with India-centric companies as a secondary focus.

  • ITC returns to sports sponsorship

    8th December, 2004 19:07

    Having added a range of consumer products to its portfolio over the last three years, ITC has decided to support sports activities again.

  • Shell opens first petrol pump in Bangalore

    8th December, 2004 18:52

    This is the first retail outlet to be opened in India since it exited from business in 1976. Initially, Rs 250 crore will be spent in South India.

  • LICHF ups lending rates for all categories

    8th December, 2004 17:37

    LICHF has raised the lending rates under floating, fixed and flexi-rate category for housing loans by 0.25%-0.50%.

  • Exit JCT above Rs 7.50, says Vasudeo

    8th December, 2004 16:26

    Hitendra Vasudeo is of the view that investors should exit JCT above Rs 7.50.

  • Tata Motors deal with MG Rover on the rocks

    8th December, 2004 16:22

    Rover plans to clinch a similar deal with a Chinese firm even as City Rover's sales plunged to 6,000 units.

  • Investors should hold Foseco India: Vasudeo

    8th December, 2004 16:04

    Hitendra Vasudeo is of the view that investors should continue to hold Foseco India.

  • PSL eyeing topline growth of 60%-70%

    8th December, 2004 15:53

    PSL Limited has bagged a $ 9 million order to design and set up a steel pipe mill in Kazakhstan. The company sees the order propelling their topline by 60%-70%

  • Markets dip, Nifty expected to fall further

    8th December, 2004 15:50

    The markets have corrected today, with both the Sensex and the Nifty closing almost a percent down. Analysts expect the Nifty to fall to the 1950 levels.

  • IBM to sell its PC business to Lenovo group

    8th December, 2004 15:44

    IBM is selling its PC business to China's Lenovo Group for $1.25 billion. IBM will hold an 18.9% stake in Lenovo.

  • Tech Toyz: SIMS 2

    8th December, 2004 15:33

    After a long waiting period, the best selling game 'The Sims' is out with a more life-like and dynamic sequel.

  • Asian markets close mixed

    8th December, 2004 15:25

    The Asian markets closed the day on a mixed note today. In Japan, stocks inched higher but weak growth figures weighed down the sentiment.

  • Hold UltraTech Cement for long term: Vasudeo

    8th December, 2004 15:02

    Hitendra Vasudeo is of the view that investors can hold UltraTech Cement with long term view.

  • Sell Engineers India at Rs 345: Sampat

    8th December, 2004 14:45

    Rajesh Sampat is of the view that investors should sell Engineers India at Rs 345.

  • Exit Alembic at Rs 250, says Sampat

    8th December, 2004 14:28

    Rajesh Sampat is of the view that investors should exit Alembic if it goes upto Rs 250.

  • AI reroutes West-bound flights to Mumbai

    8th December, 2004 14:22

    Air India has resheduled West-bound flights through Mumbai, instead of Delhi, because of the fog condition in Delhi winters.

  • JV with Dubai firm soon, says L&T

    8th December, 2004 14:17

    L&T has said that its joint venture with Dubai based aluminium firm - Dubal - will come through in the next three-four months.

  • Buy TVS Motor if dips to Rs 75: Sampat

    8th December, 2004 14:10

    Rajesh Sampat is of the view that investors can buy TVS Motor if it comes down to Rs 75.

  • Analyst positive on Reliance Industries

    8th December, 2004 13:37

    Hemang Jani of SSKI and ShareKhan is very positive on Reliance Industries.

  • Investors can buy Andhra Sugars: Prasad

    8th December, 2004 12:51

    VVK Prasad is of the view that investors can buy Andhra Sugars.

  • BPL up on large volumes

    8th December, 2004 12:49

    BPL has touched an intraday high of Rs 46.95 and an intraday low of Rs 43.95.

  • Geodesic at a new high

    8th December, 2004 12:47

    Geodesic has touched a 52-week high of Rs 734.90. At 12:41 pm the share is quoting at Rs 730, up Rs 53.05, or 7.84%.

  • Lipitor patent trial may take years: Analyst

    8th December, 2004 12:38

    Lipitor's current patent expires in mid-2006. If Ranbaxy wins the case, it stands to benefit from a $ 10 billion market in the US alone.

  • Bullish on Guj NRE, HPCL, BPCL

    8th December, 2004 12:30

    Hemang Jani of SSKI and ShareKhan is bullish on Gujarat NRE Coke, Bharat Bijlee, HPCL and BPCL.

  • McDowell and Sesa Goa are strong stocks

    8th December, 2004 12:10

    Technical analyst, Prakash Gaba likes McDowell and Sesa Goa.

  • Book profit in Canara Bank at Rs 200: Sampat

    8th December, 2004 11:58

    Rajesh Sampat is of the view that investors should book profit in Canara Bank at Rs 200. They can buy the stock again if it dips to Rs 150-160.

  • Exide Industries hits a new high

    8th December, 2004 11:52

    Exide Industries has touched a 52-week high of Rs 169. At 11:50 am the share is quoting at Rs 168, up Rs 9.95, or 6.30%.

  • NTPC looks good, says analyst

    8th December, 2004 11:50

    According to technical analyst, Prakash Gaba, if NTPC stays above Rs 82, it can go to Rs 90-92 levels.

  • Analyst positive on HPCL, Indian Oil

    8th December, 2004 11:43

    Technical analyst, Prakash Gaba is bullish on HPCL and Indian Oil.

  • Videocon International up on huge volumes

    8th December, 2004 11:39

    Heavy investor interest has been witnessed in the Videocon International counter. The stock has moved up on huge volumes.

  • Exit Haria Exports; invest in Bombay Dyeing

    8th December, 2004 11:34

    Rajesh Sampat is of the view that investors should switch over to Bombay Dyeing from Haria Exports for better returns.

  • Sell Asahi India at higher levels: Mathew

    8th December, 2004 11:19

    E Mathew is of the view that investors should sell Asahi India at higher levels.

  • Markets up: Oil, bank, & telecom stocks gain

    8th December, 2004 11:05

    The markets have moved up on the back of fresh buying interest in the oil, bank, auto, telecom, and consumer durable stocks. Technology shares however are subdued.

  • Hold Electrosteel with stoploss of Rs 320

    8th December, 2004 10:55

    E Mathew is of the view that investors should continue to hold Electrosteel Castings with a stoploss of Rs 320.

  • Tata Chemicals on the move

    8th December, 2004 10:42

    Tata Chemicals has touched an intraday high of Rs 157.10 and an intraday low of Rs 152.90.

  • Exit Madras Cements & buy Orient Paper

    8th December, 2004 10:32

    E Mathew is of the view that investors can switch over to Orient Paper from Madras Cements for better returns.

  • India may buy LNG from Yemen, Qatar

    8th December, 2004 10:26

    India may buy liquefied natural gas, LNG from Yemen and Qatar instead of Iran after talks between New Delhi and Tehran failed earlier this week.

  • Remain cautious in the markets: Expert

    8th December, 2004 10:08

    According to Hemang Jani of SSKI and ShareKhan, investors should build fresh positions only when the market consolidates at the current levels.

  • Bharti Tele-Ventures jumpstarts this morning

    8th December, 2004 10:01

    Foreign investors can now start buying Bharti Tele-Ventures shares as the foreign ownership limit has gone below RBI stipulated mark. The stock has touched an intr

  • Market opens on a positive note: Banks up

    8th December, 2004 09:44

    The markets have opened on a positive note. Most of the bank, oil, and telecom stocks have gained but technology shares are weak.

  • LIC chairman gets second extension

    8th December, 2004 09:17

    Government has decided to extend the term of the current Chairman and Managing Director of LIC, R N Bharadwaj, till his superannuation till May 2005.

  • Markets likely to remain sideways: Choksey

    8th December, 2004 09:12

    The long term outlook on the market remains bullish. However, the market is likely to remain sideways over the next four to six weeks, says Choksey.

  • Press Note 18 may not be allowed for JVs

    8th December, 2004 09:04

    The Press Note 18 will not be applicable to new joint ventures. Commerce Minister Kamal Nath has sent his recommendations to the PM, and a final decision is expect

  • US markets close lower

    8th December, 2004 09:01

    US markets closed lower as traders tried to guard the gains scored during the recent post-election rally.

  • RIL stake in Reliance Info diluted twice

    7th December, 2004 21:48

    RIL's stake in Infocomm has been diluted twice. First due to merger and second due to fresh equity issuance.

  • FIIs allowed to invest in SBI, Bharti

    7th December, 2004 21:12

    the RBI is planning to allow foreign institutional investment in these companies as foreign ownership is below caution limit.

  • Oracle to look for new avenues in India

    7th December, 2004 21:04

    IT company Oracle is looking for new opportunities in India and China as part of its strategy to gain leadership position in Asia-Pacific's enterprise applica

  • Pak does not grant India MFN status

    7th December, 2004 20:44

    Pakistan's industrial chiefs feel India should be treated on par with other trading nations.

  • India, Morocco sign air services deal

    7th December, 2004 20:00

    India and Morocco have signed the air services agreement to designate up to two airlines to operate flights between them and mark New Delhi and Casablanca as the p

  • Aiyar against equity dilution in ONGC

    7th December, 2004 19:45

    The government owns 74% in ONGC and could divest up to 23% without losing control, say petroleum ministry officials. But the minister disagrees.

  • PM promises to contain petrol price hike

    7th December, 2004 19:25

    Prime Minister Manmohan Singh has said that all steps needed to contain petroleum prices will be taken in the coming weeks.

  • Sugar sales to be deregulated next year

    7th December, 2004 17:45

    The Tuteja Committee has suggested that free sale quota be abolished as well.

  • Stock Watch: ICICI Bk, HPCL, BPCL, cement...

    7th December, 2004 16:43

    Technical analyst Vijay Bhambwani says ICICI Bank, HPCL, and BPCL all have 2-3% upside left in them. He is also bullish on midcap autos, and on cement stocks.

  • Exit Polyplex Corporation, buy MRPL: Mathew

    7th December, 2004 16:27

    E Mathew is of the view that investors should switch over to MRPL from Polyplex Corporation at current levels.

  • Buy Orient Paper at Rs 78: Mathew

    7th December, 2004 16:10

    E Mathew is of the view that investors can buy Orient Paper at Rs 78. However, a stoploss of Rs 77 is advised.

  • Volumes continue to dip in the F&O markets

    7th December, 2004 16:00

    The volumes have continued to dip in the F&O markets. Total turnover today stood at Rs 109.33 billion, compared to Rs 111.21 billion of yesterday.

  • Stay invested in HDFC, HDFC Bank: Jaikrishna

    7th December, 2004 15:51

    Gokul Jaikrishna is of the view that investors should continue to hold HDFC and HDFC Bank.

  • Markets end flat, expected to correct

    7th December, 2004 15:34

    The markets have closed flat after seeing a lot of volatility throughout the day. Analysts feel that the markets might correct now, since they had runup so sharply

  • Investors can sell TCS, says Jaikrishna

    7th December, 2004 15:30

    Gokul Jaikrishna is of the view that investors can sell TCS at current levels.

  • Kotak MF sells tech, buys telecom in Nov

    7th December, 2004 15:13

    Kotak Mutual Fund sold information technology stocks in November while it opted for the telecom stocks.

  • Max India soars to 52-week high

    7th December, 2004 15:10

    Max India has touched a 52-week high of Rs 267.50 on g buying interest.

  • HDFC MF buys banks and oil in Nov

    7th December, 2004 15:00

    HDFC Mutual Fund lapped up banking and oil stocks in November while it slashed its weightage to the media stocks and the IT majors.

  • Tata MF sells tech stocks in Nov

    7th December, 2004 14:50

    Tata Mutual Fund bought into the shipping, manufacturing and oil pack in November, while it sold tech, private banks, metals and cement shares.

  • IOC may go up 30-40% in 12 months: Shah

    7th December, 2004 14:43

    Jigar Shah is of the view that investors can target 30-40% appreciation in IOC from the current levels.

  • L&T eases after recent gains

    7th December, 2004 14:35

    L&T has eased 3.41% to Rs 927.55 by 2:39 pm on selling pressure after recent gains.

  • GHCL flares on heavy volumes

    7th December, 2004 14:26

    Gujarat Heavy Chemicals has firmed up 6.93% to Rs 28.55 by 2:31 pm on renewed buying interest.

  • Markets correct: Reliance group stocks down

    7th December, 2004 14:15

    The markets have slipped into the red following selling pressure in the Reliance group stocks. Several oil, steel, auto, pharma, and telecom shares are subdued.

  • Tata Coffee off high on profit taking

    7th December, 2004 13:58

    Tata Coffee has eased 7.63% to Rs 273.65 by 2:09 pm on profit booking after touching a 52-week high of Rs 306.25 in intraday trade.

  • Hold Indraprastha Gas, buy Gujarat Gas: Shah

    7th December, 2004 13:48

    Jigar Shah is of the view that investors should continue to hold Indraprastha Gas. They can also enter Gujarat Gas at Rs 500.

  • MM Forgings locked at 20% upper circuit

    7th December, 2004 13:28

    MM Forgings is locked at the 20% upper circuit on fresh buying following reports that the company will consider issue of bonus shares.

  • Buy Wipro on a 5-10% dip: Sheth

    7th December, 2004 12:57

    Hitesh Sheth is of the view that investors can enter Wipro on a 5-10% dip from the current levels.

  • Enter Satyam if falls 5-7%, says Sheth

    7th December, 2004 12:40

    Hitesh Sheth is of the view that investors can buy Satyam if it falls 5-7% from the current levels.

  • RPG Life Sciences frozen at 5% upper limit

    7th December, 2004 12:30

    RPG Life Sciences is frozen at the 5% upper circuit on the continued buying interest. It has touched a 52-week high of Rs 89.05.

  • Buy Infosys below Rs 2000: Sheth

    7th December, 2004 12:20

    Hitesh Sheth is of the view that investors can buy Infosys below Rs 2,000.

  • Hindoostan Spinning spurts on huge volumes

    7th December, 2004 12:14

    Hindoostan Spinning has shot up 15.45% to Rs 34 by 12:24 pm on strong buying interest.

  • Book profit in Datamatics Tech at Rs 145-150

    7th December, 2004 12:05

    Hitesh Sheth is of the view that investors should book profit in Datamatics Technologies at Rs 145-150.

  • Sensex may touch 10,000pts in 5 years: Shah

    7th December, 2004 11:59

    Analysts feel that though the Sensex might hit a near term top around 6500 points, it has the potential to touch 10,000 points in the next five years.

  • Ranbaxy hopes to log 20% turnover growth

    7th December, 2004 11:49

    Ranbaxy Laboratories hopes to register an over 20% growth in its turnover for the current financial year.

  • Stoploss of Rs 115 advised for Cummins

    7th December, 2004 11:36

    Hitesh Sheth is of the view that investors could target Rs 160 in Cummins India once it crosses Rs 135. However, a stoploss of Rs 115 is advised.

  • Expert prefers ICICI Bank, HDFC Bank

    7th December, 2004 11:29

    Technical analyst Atul Suri prefers ICICI Bank and HDFC Bank among the banking pack.

  • Analyst bullish on Ranbaxy

    7th December, 2004 11:26

    Technical analyst Atul Suri of marathontrends.com is bullish on Ranbaxy, and expects it to stay buoyant.

  • Enter Allahabad Bank at Rs 60-62: Sheth

    7th December, 2004 11:14

    Hitesh Sheth is of the view that investors can enter Allahabad Bank when it comes down to Rs 60-62.

  • Amforge zooms on the bourses

    7th December, 2004 11:04

    Amforge Industries has zoomed 9.86% to Rs 125.95 by 10:58 am on strong buying interest.

  • Markets are looking tired: Sehgal

    7th December, 2004 10:52

    Yuvraj Sehgal said that open interests are near all time highs. Also, put-call ratio and implied volatilities show that markets are tiring.

  • Sesa Goa makes smart gains today

    7th December, 2004 10:48

    Sesa Goa has shot up 5.76% to Rs 838.50 by 10:55 am on renewed buying interest.

  • Book part profit in Dena Bank at Rs 40

    7th December, 2004 10:40

    Hitesh Sheth is of the view that investors can book part profit in Dena Bank at Rs 40.

  • PSL bags $ 9 mn order, stock firms up

    7th December, 2004 10:31

    PSL has firmed up 4.8% to Rs 163.85 after the company informed that it has been awarded a $ 9 million order to design and set up a 75,000 tonne per annum steel pip

  • AllBank gets nod for public offer, stock up

    7th December, 2004 10:15

    Allahabad Bank has vaulted 4.23% to Rs 67.80 after the company got the required approval for the second public offering of the bank.

  • Buy Tisco at Rs 300 for long term: Sheth

    7th December, 2004 10:10

    Hitesh Sheth is of the view that investors can buy Tisco at Rs 300 for long term.

  • Heritage Foods in demand

    7th December, 2004 09:57

    Heritage Foods (India) has surged 7.49% to Rs 84 by 10:05 am on sustained buying interest.

  • Sintex at a high as Warburg picks up stake

    7th December, 2004 09:53

    Sintex India has touched a 52-week high of Rs 322.25 on reports that private equity fund Warburg Pincus picked up the stake through Lightwood Investments.

  • SBI Life ties up with Bajaj Capital

    7th December, 2004 09:32

    SBI Life Insurance yesterday entered into an agreement with Bajaj Capital Insurance Brokering to make available a range of life insurance solutions to their custom

  • Foreign insurers scout for local JV partners

    7th December, 2004 09:29

    A handful of foreign insurance companies have shown some interest in the Indian insurance sector though no formal proposal has reached the authority yet, says IRDA

  • Oil rises after attack on US Consulate

    7th December, 2004 09:19

    Oil prices have bounced back from a three-month low following an attack on the US Consulate in Saudia Arabia, and on concerns that OPEC may take action to stem the

  • Reliance MF assets see 12% drop

    7th December, 2004 09:07

    Reliance MF has lost almost 12% of its assets in November on back of huge asset erosion and has moved out of the top five funds league.

  • Markets likely to be rangebound: Kapoor

    7th December, 2004 08:41

    The market is likely to be rangebound with a positive bias, says Kapoor.

  • Stocks end mixed on Wall Street

    7th December, 2004 08:20

    Stocks closed mixed on Wall Street amid oil supply concerns and broker downgrades of blue-chip companies.

  • Tata Motors sales up 24.4%, year on year

    6th December, 2004 16:35

    Tata Motors today reported a 24.4% rise in its vehicle sales during November 2004. However, sales is down 10% on a sequential basis.

  • Volumes dip slightly in F&O markets

    6th December, 2004 16:17

    Volumes dipped slightly today in the F&O markets. Total turnover stood at Rs 111.21 billion, compared to Rs 122.25 billion of Friday.

  • Godrej Consumer target seen at Rs 300-325

    6th December, 2004 16:05

    Hitesh Sheth is of the view that investors can target Rs 300-325 in Godrej Consumer if it breaks out over Rs 250.

  • Markets end flat, expected to steady soon

    6th December, 2004 15:49

    Markets have closed almost flat today, after having a very choppy day. Analysts don't see the markets sliding too much from current levels.

  • Markets end flat amid choppy trade

    6th December, 2004 15:48

    The markets witnessed choppy trade. Several cement, pharma, steel, and FMCG stocks gained but technology, aluminum, telecom, and the Reliance group stocks declined

  • Lupin bags INDA approval for two drugs

    6th December, 2004 15:35

    Lupin has got an INDA approval to conduct phase one trial for tuberculosis and psoriasis drugs. The company plans to license the psoriasis molecule after phase 1,

  • Nucleus hopes to gain US market share

    6th December, 2004 15:27

    Leading financial IT solutions provider Nucleus Software acquired a 25.1% stake in GMAC Financial Services recently. The company is excited about the prospects, go

  • Zee Telefilms: Stoploss of Rs 145 advised

    6th December, 2004 15:16

    Hitesh Sheth is of the view that investors should keep a stoploss of Rs 145-150 in Zee Telefilms. The stock would go up significantly after crossing Rs 165.

  • UN WFP to give India $ 1mn aid

    6th December, 2004 15:12

    The UN World Food Programme, WFP, will give India $ 1mn aid, under a scheme to use food to fight conditions like HIV, AIDS and tuberculosis.

  • Govt to look 'favourably' into EPF rate hike

    6th December, 2004 15:01

    Home Minister Shivraj Patil has said, the government will 'favourably' look into the matter of hiking interest rate on Employees' Provident Fund to

  • BHEL climbs higher

    6th December, 2004 14:59

    Bharat Heavy Electricals, BHEL, has touched an intra-day high of Rs 675 and an intra-day low of Rs 646.

  • National Tax Tribunal Bill introduced in LS

    6th December, 2004 14:51

    The government has introduced a Bill in the Lok Sabha to set up a National Tax Tribunal, aimed at speeding up disposal of tax-related cases that have blocked huge

  • Ranbaxy Laboratories hits a new high

    6th December, 2004 14:41

    Ranbaxy Laboratories has touched a 52-week high of Rs 1,211.75. At 2:24 pm the share is quoting at Rs 1,208, up Rs 46.40, or 3.99%

  • HLL among major gainers

    6th December, 2004 14:38

    Hindustan Lever, HLL, has touched an intra-day high of Rs 150.50 and an intra-day low of Rs 144.85.

  • Tata Tea is better than Williamson Tea

    6th December, 2004 14:32

    Hitesh Sheth is of the view that Tata Tea is better than Williamson Tea Assam.

  • Buy Rama Newsprint for long term: Shenoy

    6th December, 2004 14:20

    Sandeep Shenoy is of the view that investors can buy Rama Newsprint with long term perspective.

  • UTI Serv Sector, MNC Fund declare dividend

    6th December, 2004 14:05

    UTI Mutual Fund has declared dividend in its Services Sector Fund and MNC Fund with the record date being December 24, 2004.

  • Markets likely to move up, says analyst

    6th December, 2004 14:02

    Ravi Chadha of Prodigy Investment Management said that the markets are likely to move up substantially from the current levels.

  • ONGC eyeing stake in Russian oil producer

    6th December, 2004 13:52

    ONGC wants a stake in Russian oil producer Yuganskneftegaz, reports Russian newspaper Vedomosti.

  • Satyam Board to consider sponsored ADS

    6th December, 2004 13:40

    Satyam Computer Services has said that its board will meet on Wednesday to consider a sponsored ADS issue.

  • Expert bullish on TCS, Infosys, HM

    6th December, 2004 13:12

    Technical analyst, Rajat Bose is bullish on Infotech Enterprise, TCS, Infosys, Hindustan Motors and Ashok Leyland.

  • Accumulate BPCL on declines

    6th December, 2004 12:58

    According to technical analyst, E Mathew, one should accumulate BPCL on declines keeping a stop loss of Rs 395-405.

  • Bajaj Hindustan at 52-week high

    6th December, 2004 12:37

    The sugar stocks have posted a good rally today. Bajaj Hindustan has touched a 52-week high of Rs 86.50.

  • Be cautious in Ranbaxy at higher levels

    6th December, 2004 12:32

    Technical analyst, E Mathew, said, that one should excercise caution in Ranbaxy at higher levels.

  • Book profit in UCO Bank at current levels

    6th December, 2004 12:14

    Sandeep Shenoy is of the view that investors should book profit in UCO Bank at current levels.

  • Lupin in good health

    6th December, 2004 12:12

    Lupin has touched an intraday high of Rs 673. At 12:12 pm the share is quoting at Rs 662.50, up Rs 13.50, or 2.08%

  • United Western Bank soars on huge volumes

    6th December, 2004 12:07

    United Western Bank has spurted 16.48% to Rs 42.05 by 12:12 pm on renewed buying interest.

  • Exit Tata Power, may go up only 5-7%: Shenoy

    6th December, 2004 11:56

    Sandeep Shenoy is of the view that Tata Power may go up only 5-7% from the current levels. So, investors should exit from the stock.

  • Buy Reliance on dips, says Shenoy

    6th December, 2004 11:42

    Sandeep Shenoy is of the view that investors should invest in Reliance Industries on dips.

  • Govt will not privatise profitable PSUs

    6th December, 2004 11:34

    The government may further dilute its stake in profitable PSUs, but will not privatise them, says the Deputy Chairman of the Planning Commission

  • Amforge on the move

    6th December, 2004 11:24

    Amforge has touched an intra-day high of Rs 114 and an intra-day low of Rs 105. Currently the share is quoting at Rs 112.70, up Rs 8.45, or 8.11%

  • Dhampur Sugar vaults to 52-week high

    6th December, 2004 11:15

    Dhampur Sugar Mills has scaled a 52-week high of Rs 57.50 on sustained buying interest.

  • TCS to provide IT sevices to Ferrari

    6th December, 2004 11:09

    TCS will provide Scuderia Ferrari IT and engineering services for the development of both its F-1 racing car, for the next racing season starting from March, and i

  • Exit VSNL, buy IOB or Vijaya Bank: Shenoy

    6th December, 2004 11:07

    Sandeep Shenoy is of the view that investors should exit VSNL and invest in IOB or Vijaya Bank for better returns.

  • Investors should Exit HLL, says Shenoy

    6th December, 2004 10:53

    Sandeep Shenoy is of the view that investors should exit HLL at current levels.

  • ICICI Bank hits 52-week high

    6th December, 2004 10:33

    ICICI Bank has touched a 52-week high of Rs 367.50. Volumes of over 1.05 lakh shares have been traded so far.

  • Zee, top gainer on the Sensex

    6th December, 2004 10:18

    Zee Telefilms has touched an intra-day high of Rs 158.10. The stock is currently the top gainer on the Sensex.

  • Karur Vysya Bank minting money

    6th December, 2004 10:15

    Karur Vysya Bank has surged up 12.56% at Rs 372 on fresh buying interest. It is trading with volumes of 2,085 shares on the BSE.

  • Bharti Tele losing ground

    6th December, 2004 10:01

    Bharti Tele-Ventures has touched an intra-day high of Rs 186 and an intra day low of Rs 180. At 10:06 am the share is quoting at Rs 180.50, down Rs 4.95, or 2.67%.

  • RIL owns 45% in Reliance Info: RIL

    6th December, 2004 09:57

    RIL has confirmed a 45% equity stake in RCIL, the holding company of Reliance Infocomm. But, it also has preference shares, and its holdings may exceed 45%, if the

  • Old Mutual forays into property management

    6th December, 2004 09:39

    The London-listed Old Mutual Plc is strengthening its presence in India. After a foray into the life insurance business, the group has now entered the growing prop

  • StanChart cards in Rotary alliance

    6th December, 2004 09:33

    India has become the third country to have a special co-branded credit card for members of the Rotary International movement, in alliance with the issuer, Standard

  • Siemens bags $ 32 mn contract in Pakistan

    6th December, 2004 09:23

    Siemens Communications Mobile Networks has won a $ 32 million contract with Pakistan's U-Fone, to provide mobile telephone services in Pakistan.

  • Markets likely to move up: Baliga

    6th December, 2004 09:15

    As long as inflows from FIIs are coming, the markets are expected to move up, irrespective of the valuations, says Baliga.

  • Rupee touches eight-month high of Rs 43.81

    6th December, 2004 08:51

    Rupee touches eight month high of Rs 43.81 to the dollar. It is likely to gain against the US dollar helped by dollar inflows accumulated during the weekend.

  • Exit SBI Home Finance; buy LIC Housing Fin

    4th December, 2004 12:32

    Prakash Gaba is of the view that investors may switch over to LIC Housing Finance from SBI Home Finance.

  • Tata Chemicals: Stoploss of Rs 140 advised

    4th December, 2004 12:02

    Ashwani Gujral is of the view that investors should keep a stoploss of Rs 140 in Tata Chemicals. The stock may go upto Rs 170 if it stays above Rs 150.

  • Mirza Tanners: Keep stoploss at Rs 140-150

    4th December, 2004 11:21

    Ashwani Gujral is of the view that investors should keep a strict stoploss of Rs 140-150 in Mirza Tanners.

  • Stoploss of Rs 200 advised for Apollo Tyres

    4th December, 2004 10:28

    Ashwani Gujral is of the view that Apollo Tyres can go upto Rs 325-330. However, a stoploss of Rs 200 is advised.

  • Maruti Udyog may touch Rs 467: Gujral

    4th December, 2004 09:36

    Ashwani Gujral is of the view that Investors can see a level of Rs 441 and then Rs 467 in Maruti Udyog if it remains above Rs 380.

  • SAT overturns SEBI order on First Global

    3rd December, 2004 22:00

    First Global promoter Shankar Sharma says the firm will be back in business under the same name. He is considering legal options.

  • Paswan warns steel firms on price hike

    3rd December, 2004 20:00

    Union Steel Minister Ram Vilas Paswan has asked private steel companies to restrain themselves from increasing prices.

  • IA flies out of the red with Rs 44 cr profit

    3rd December, 2004 18:57

    Indian Airlines makes this turnaround thanks to cost control measures, better performance, and higher aircraft usage.

  • Sector Watch: banking and tech

    3rd December, 2004 18:53

    Analysts advise looking out for banking and technology sectors in the coming week.

  • Markets consolidate after touching new high

    3rd December, 2004 16:43

    The Sensex is consolidating after touching an all time high of 6361.53. Several pharma, bank, and oil stocks gained but the technology, metal, and cement stocks de

  • KEC Intl receives orders worth Rs 2,950mn

    3rd December, 2004 16:36

    KEC International has received new orders worth Rs 2,950 million, both in the international and domestic markets.

  • Corp Bank net interest margins set to grow

    3rd December, 2004 16:26

    Corporation Bank expects strong credit growth going forward, and an improvemnt in its net interest margins and the quality of its assets, reports CNBC-TV18.

  • Buy PTC India, Keep stoploss at Rs 49: Gaba

    3rd December, 2004 16:24

    Prakash Gaba is of the view that investors can buy PTC India at current levels. However, a stoploss of Rs 49 is advised.

  • Volumes dip slightly in F&O markets

    3rd December, 2004 16:16

    Volumes fell slightly in the F&O markets today. Total turnover stood at Rs 122.25 billion, compared to Rs 130 billion of yesterday.

  • Rupee and bonds weaken

    3rd December, 2004 15:54

    Rupee ended weak against the dollar. Bonds slipped because of the US pay roll data, due to come out later today, and the rising yields in the US.

  • Enter Biocon with stoploss of Rs 509: Gaba

    3rd December, 2004 15:39

    Prakash Gaba is of the view that investors can buy Biocon with a stoploss of Rs 509.

  • Markets end flat after a choppy day

    3rd December, 2004 15:33

    Markets have closed almost flat after having an extremely choppy day today. Analysts ascribe the choppiness to profit booking.

  • BEML spurts on huge volumes

    3rd December, 2004 15:17

    BEML has surged up 5.43% at Rs 286.30. Huge volumes of over 1.62 lakh shares have been traded on the BSE so far.

  • Sintex announces preferential allotment

    3rd December, 2004 15:05

    Sintex Industries has announced a preferential allotment of 30 lakh equity shares and 41 lakh debentures yesterday.

  • Orient Paper hits a 52-week high

    3rd December, 2004 14:35

    Orient Paper has touched a 52-week high of Rs 85.55. Huge volumes of over 8.83 lakh shares have been traded on the NSE so far.

  • Mid Day Multimedia in the limelight

    3rd December, 2004 14:29

    Mid Day Multimedia has gained 4.83% at Rs 41.20 on fresh buying interest. It is trading with volumes of 92,669 shares on the NSE.

  • Buy Varun Shipping with stoploss of Rs 32

    3rd December, 2004 14:25

    Prakash Gaba is of the view that investors can buy Varun Shipping at current levels. However, a stoploss of Rs 32 is advised.

  • ADC cut to come through by Tuesday: TRAI

    3rd December, 2004 14:13

    TRAI will submit its recommendation to cut ADC rates by Tuesday. Post reduction, tariffs may fall by 30-40%, said the TRAI chairman.

  • Market firm: Auto, pharma, oil, and banks up

    3rd December, 2004 14:07

    The markets have moved up on the back of the gains in the auto, pharma, oil, and bank stocks have gained. Weakness however is seen in the metal and technology stoc

  • i-flex sets up shop in Moscow

    3rd December, 2004 14:02

    i-flex Solutions has announced the opening of its office in Moscow as part of its growth plan for the 12-nation CIS region.

  • Balrampur Chini sweetens, scales 52-wk high

    3rd December, 2004 13:37

    Balrampur Chini Mills has touched a 52-week high of Rs 470 on fresh buying on the back of an increase in wholesale sugar prices.

  • IT co's fear earnings slide as rupee climbs

    3rd December, 2004 13:09

    Indian tech companies and BPO firms may be significantly impacted in the long term because of the rupee's appreciation. But, companies like Wipro and MphasiS-

  • Tata Coffee brewing in gains

    3rd December, 2004 12:49

    Tata Coffee has lunged up 5.79% to Rs 259.35 by 12:54 pm on strong buying interest.

  • Oriental Bank, top gainer on the Nifty

    3rd December, 2004 12:31

    Oriental Bank of Commerce has vaulted 4.04% to Rs 337.60 by 12:45 pm on sustained buying interest.

  • Singh, Putin start bilateral talks today

    3rd December, 2004 12:24

    Prime Minister Manmohan Singh and Russian President Vladimir Putin begin official level talks on various bilateral matters, like trade and defence, and also intern

  • Berger Paints: Hold for long term investors

    3rd December, 2004 12:20

    Mehraboon Irani is of the view that investors should hold Berger Paints for long term.

  • Corporation Bank eases on profit taking

    3rd December, 2004 12:12

    Corporation Bank has eased 4.77% to Rs 339.65 by 12:35 pm on profit taking after yesterday's gains.

  • Guj Ambuja, Grasim sales go up in November

    3rd December, 2004 12:01

    Gujarat Ambuja has seen a 6% rise in its November sales, year on year, while, Grasim and Ultrateck have recorded a 9%, and 2% rise respectively.

  • Bullish on Grasim, ACC, Tisco, Sail: Expert

    3rd December, 2004 11:47

    Technical analyst, Mitesh Thacker, is positive on Grasim and ACC in the cement sector. In the steel sector he is bullish on Tisco and Sail.

  • Inflation rate unchanged at 7.34%

    3rd December, 2004 11:43

    The inflation rate for the week ended November 20 is unchanged at 7.34%, from the previous week.

  • Expert positive on SBI, PNB, Canara Bank

    3rd December, 2004 11:34

    Technical analyst, Mitesh Thacker, is positive on SBI, PNB and Canara Bank.

  • Kochi Ref can go up to Rs 240-250: Expert

    3rd December, 2004 11:28

    According to technical analyst, Mitesh Thacker, Kochi Refinery can easily go up to Rs 240-250, once it crosses its all time high of Rs 218-219.

  • Online trading on the rise

    3rd December, 2004 11:21

    The Sensex is at record highs, and online trading is picking up. Online customers for brokerage firm Indiabulls is rising every month.

  • Hind Composites at a high on huge volumes

    3rd December, 2004 11:19

    Hindustan Composites has touched a 52-week high of Rs 47 on continued buying.

  • Markets may see selling pressure:Expert

    3rd December, 2004 10:54

    Derivatives analysts feel that the markets might see some selling pressure around Nifty levels of 2014-2015 points, its all-time high level.

  • RBI's options are limited: Forex experts

    3rd December, 2004 10:51

    Currency experts say that exports are growing, and are not very vulnerable to rupee's appreciation at this point.

  • L&T at a new high, top gainer on Sensex

    3rd December, 2004 10:45

    Larsen and Toubro has flared to a 52-week high of Rs 993.90 as buying intensified on this counter.

  • Govt may halt oil subsidies after 2007

    3rd December, 2004 10:35

    The government is unlikely to continue its subsidies on petroleum products after 2007, petroleum secretary Sushil Tripathi has said.

  • Below Rs 7.50 Morepen Lab can dip to Rs 6.25

    3rd December, 2004 10:33

    Prakash Gaba is of the view that Morepen Laboratories can go down to Rs 6.25 if it breaks Rs 7.50.

  • Market in strong bull phase: Jhunjhunwala

    3rd December, 2004 10:15

    The markets are in a tremendous bull phase and PEs are going to be re-rated, says Rakesh Jhunjunwala, an investor and trader.

  • Adani Exports spurts to 52-week high

    3rd December, 2004 10:07

    Adani Exports has spurted to a 52-week high of Rs 78.60 on continued buying interest.

  • Nifty above 2000: Oil stocks flare up

    3rd December, 2004 09:45

    The markets have opened on a positive note. Strong buying interest is seen in the oil, bank, and cement stocks but steel and technology shares are subdued.

  • Priyamvada's 1999 will is void: Birlas

    3rd December, 2004 09:30

    The Birlas have stated in the Calcutta High Court that the purported will of Priyamvada Birla bequeathing assets of the M P Birla group to R S Lodha is void.

  • Glaxo to pay $ 75mn to settle lawsuit

    3rd December, 2004 09:21

    GlaxoSmithKline will pay $ 75 million to consumers and health insurers to settle a lawsuit, which accuses the company of blocking generic competition for its arthr

  • Paswan warns pvt steel firms about prices

    3rd December, 2004 09:18

    Steel Minister Ram Vilas Paswan tells private steel firms that any unjustified increase in steel prices would incur the government's wrath.

  • ICICI Bank-HPCL credit card cross 1 mn mark

    3rd December, 2004 09:17

    The ICICI Bank-HPCL co-branded credit card has crossed the 1 million mark, thus becoming the largest co-branded credit card in the Asia Pacific region.

  • Market outlook remains positive: Kothari

    3rd December, 2004 09:08

    The outlook on the market remains positive and there may not be any major correction from here, says Kothari.

  • Asian markets trading mixed

    3rd December, 2004 08:29

    Asian markets are trading mixed. Tokyo's Nikkei average is up 0.92% at 11,074.31 as tech stocks rose after an upgrade in Intel Corp.'s revenue outlook.

  • PAN card a must, is the new mantra

    2nd December, 2004 20:14

    The income tax department makes PAN card a must, have to account for almost all income earned and expenditure made.

  • WEF attracts 200 more investors this year

    2nd December, 2004 19:40

    India Economic Summit to begin in New Delhi on Dec 5.

  • Aiyar asks for cut in sales tax on fuels

    2nd December, 2004 19:10

    So far, only Orissa has complied with his request.

  • IDBI may touch Rs 120, says Bhushan

    2nd December, 2004 16:22

    Vijay Bhushan is of the view that IDBI may touch Rs 120 after crossing its 52-week high of Rs 94. However, a stoploss of Rs 82 is advised.

  • Analysts bullish on oil, banks, tech

    2nd December, 2004 16:13

    Analysts are positive on oil, banks and the technology sector in the coming days.

  • Hold PNB with stoploss of Rs 325: Bhushan

    2nd December, 2004 15:59

    Vijay Bhushan is of the view that investors can hold PNB with a stoploss of Rs 325.

  • Sensex, Nifty close at record highs

    2nd December, 2004 15:50

    The Sensex and the Nifty have both finished the day at all time highs. While the Sensex has ended at 6328.43 points, the Nifty has closed at 1999 points.

  • Sensex, Nifty close at an all time high

    2nd December, 2004 15:30

    The Nifty closed at an all time high of 1999 and the Sensex closed at 6328.43. Bank, oil, auto, and cement stocks flared up but technology shares closed lower.

  • Suprajit Engg forms JV with UK's Carclo

    2nd December, 2004 15:15

    Suprajit Engineering has announced a joint venture with UK-based Carclo PLC, to outsource Carclo's existing business. Suprajit also expects its export sales

  • Bata (I) sees double digit growth, stock up

    2nd December, 2004 15:04

    Bata India has lunged up 6.85% to Rs 83.50 by 3:10 pm on reports that its parent company Bata will infuse $ 7 million into Bata India via rights issue.

  • Exit Maruti Udyog if Rs 400 breaks: Bhushan

    2nd December, 2004 14:58

    Vijay Bhushan is of the view that investors should exit Maruti Udyog if it goes below Rs 400.

  • Investors can hold Rolta India: Bhushan

    2nd December, 2004 14:42

    Vijay Bhushan is of the view that investors can hold Rolta India.

  • Satnam Overseas up on large volumes

    2nd December, 2004 14:27

    Satnam Overseas is among the major gainers. At 2:33 pm the share is quoting at Rs 93.50, up Rs 12.25, or 15.08%.

  • J&K Bank revs up on heavy volumes

    2nd December, 2004 14:24

    J&K Bank has vaulted 11.34% to Rs 324 by 2:27 pm as buying gained momentum on this counter.

  • Hold Neyveli Lignite with stoploss of Rs 57

    2nd December, 2004 14:05

    Vijay Bhushan is of the view that investors can hold Neyveli Lignite with a stoploss of Rs 57.

  • Exit Ispat Industries, buy Tisco: Bhushan

    2nd December, 2004 13:50

    Vijay Bhushan is of the view that investors can switch over to Tisco from Ispat Industries for better returns

  • MRPL soars on good volumes

    2nd December, 2004 13:44

    MRPL has soared 5.45% to Rs 47.40 by 1:51 pm on renewed buying interest.

  • Orient Paper gains ground today

    2nd December, 2004 12:58

    Orient Paper has spurted 5.37% at Rs 78.50 on fresh buying interest. It is trading with volumes of 31,407 shares on the BSE.

  • IOC moves higher

    2nd December, 2004 12:45

    IOC has gained 6.24% at Rs 473. Huge volumes of over 1.67 lakh shares have been traded on the BSE so far.

  • Maruti looks good on the charts: Expert

    2nd December, 2004 12:34

    According to technical analyst, E Mathew, despite the bad sales Maruti is still looking good and one could see a move of another Rs 30-40 on the upside from here.

  • Dabur Pharma a sweet pill today

    2nd December, 2004 12:15

    Dabur Pharma has surged up 6.25% at Rs 58.65. It is trading with huge volumes of over 2.98 lakh shares on the BSE.

  • Use all dips to enter markets: Malkani

    2nd December, 2004 12:00

    Analysts feel that the markets might cool off a bit from current levels, but that should be taken as an opportunity to enter.

  • Infosys has strong support in Rs 1850 zone

    2nd December, 2004 11:59

    According to technical analyst, E Mathew, Infosys has a solid support around the Rs 1850 zone.

  • Good momentum in BOB and Canara Bank

    2nd December, 2004 11:56

    Technical analyst, E Mathew, sees a good momentum in Bank of Baroda and Canara Bank

  • Target Rs 133-134 in Goetze: Shah

    2nd December, 2004 11:40

    Gaurang Shah is of the view that investors can target Rs 133-134 in Goetze.

  • BPCL flares buoyed by easing crude

    2nd December, 2004 11:27

    BPCL has firmed up 5.61% to Rs 422 by 11:30 am encouraged by crude tumbling to $ 45.47/bbl.

  • Exit Man Industries; buy Bongaigaon Ref

    2nd December, 2004 11:21

    Gaurang Shah is of the view that investors should switch over to Bongaigaon Refineries from Man Industries for good returns.

  • M&M Nov auto sales up 24.8%

    2nd December, 2004 11:14

    November tractor sales for M&M are up 22.9%, and auto sales are up 24.8%, YoY. However, there has been a MoM decline. The company says this is a seasonal blip,

  • Enter Finolex Cables at Rs 142: Shah

    2nd December, 2004 10:58

    Gaurang Shah is of the view that investors can enter Finolex Cables at Rs 142.

  • FII flows keep market momentum strong

    2nd December, 2004 10:55

    According to Nilesh Shah of Kotak Securities, the FII flows are keeping the market momentum strong.

  • Gujarat Alkalies: Keep stoploss at Rs 95

    2nd December, 2004 10:49

    Gaurang Shah is of the view that investors can target Rs 119 in Gujarat Alkalies in the immediate term. However, a stoploss of Rs 95 is advised.

  • Bank of Maharashtra minting money

    2nd December, 2004 10:40

    Bank of Maharashtra has shot up 10.14% to Rs 30.40 by 10:41 am on sutained buiying interest.

  • Corporation Bank moves higher

    2nd December, 2004 10:29

    Corporation Bank has vaulted 7.59% to Rs 327.50 by 10:34 am as buying gained momentum on the counter.

  • Sensex tests 6300: Broadbased buying seen

    2nd December, 2004 10:22

    The Sensex touched an all time high of 6302.70 but has retreated a bit following some profit taking at higher levels. Stocks across the board have gained.

  • Jindal's PT Maspion commences production

    2nd December, 2004 10:17

    Jindal Stainless has finished all formalities in its takeover of Indonesian firm PT Maspion Stainless Steel, and the latter has begun commercial production.

  • L&T strengthens, hits new high

    2nd December, 2004 10:09

    L&T has flared to a 52-week high of Rs 966 on sustained buying interest.

  • Allahabad Bank vaults to 52-week high

    2nd December, 2004 10:00

    Allahabad Bank has touched a 52-week high of Rs 68.50 as buying intensified on this counter.

  • HPCL firms up as crude tumbles

    2nd December, 2004 09:53

    HPCL has firmed up 5% to Rs 360.05 by 10:01 am encouraged by crude tumbling to $ 45.47/bbl.

  • Nine nuclear power plants in the offing

    2nd December, 2004 09:44

    Nine new nuclear power plants are being set up in the country at Tarapur, Kaiga, Rawatbhatta, Kundankulam, and Kalpakkam.

  • ONGC to buy Yukos assets, not company

    2nd December, 2004 09:25

    ONGC will not buy the entire Yukos company, but is interested in some of its assets, and may even bid as part of a consortium, Chairman Subir Raha said.

  • Brokers bullish on TVS Motor, TCS, Britannia

    2nd December, 2004 09:19

    Brokerage houses are bullish on TCS, Britannia and TVS Motor.

  • Biggest slide in crude oil since Sep '01

    2nd December, 2004 09:14

    Oil prices slid by more than $ 3.50 a barrel, the biggest drop since September 2001, as a larger than expected build in US heating stocks soothed worries about a w

  • Rupee expected to extend gains

    2nd December, 2004 09:00

    The rupee might extend its gains against the greenback following the persistent dollar inflows from foreign funds.

  • US Stocks rally amid drop in oil prices

    2nd December, 2004 08:18

    Wall Street closed higher amid a steep drop in oil prices. The Dow was up 162 points at 10,590.22.

  • Microwave sales soars 40%

    1st December, 2004 20:08

    Consumer durable brands are enticing more people to buy microwaves with attractive pricing and citing health benefits.

  • Foreign group unlikely in Indian air space

    1st December, 2004 19:17

    The Central government said that plans by the Chairman of UK-based Virgin Group, Richard Branson to invest in an Indian airline might not be possible, although it

  • Dollar slides to 12-yr low versus pound

    1st December, 2004 18:36

    The Sterling and Euro give the greenback a good drubbing. Speculation of Washington encouraging the dollar to remain weak is rampant.

  • Oriental Bank has plans for organic growth

    1st December, 2004 17:48

    Oriental Bank has no appetite for any more acquisitions and plans to grow organically. The bank is concentrating on retail and corporate lending and opening new br

  • Volumes pick up on the F&O side

    1st December, 2004 16:31

    Good volumes were witnessed in the F&O markets today, with total turnover at Rs 124.84 billion, compared to Rs 111.54 billion yesterday.

  • Book part profit in Jindal Photo, says Shah

    1st December, 2004 16:17

    Gaurang Shah is of the view that investors should book part profit in Jindal Photo at current levels.

  • Markets regain lost ground to end flat

    1st December, 2004 15:42

    The markets have closed almost flat after having a choppy session today. Analysts feel markets should consolidate around current levels before moving up further.

  • Sensex closes 6.46 pts lower at 6227.83

    1st December, 2004 15:37

    After touching an all time high of 6272.68, the Sensex ended lower at 6227.83 amidst volatile trade. Bank, oil, and metal stocks firmed up but technology and auto

  • Canara Bank spurts to 52-week high

    1st December, 2004 15:26

    Canara Bank has touched a 52-week high of Rs 199.90. Huge volumes of over 51.59 lakh shares have been traded on the NSE so far.

  • Teledata enters VOIP with Cuban tie-up

    1st December, 2004 15:20

    Teledata Informatics has tied up with Cuban company ETCSA to enter the Voice Over Internet Protocol, VOIP, business for international long distance communication,

  • Max India spurts on huge volumes

    1st December, 2004 14:59

    Max India has spurted 5.64% at Rs 248. Huge volumes of over 1.02 lakh shares have been traded on the BSE so far.

  • Only buyers in Videocon Appliances

    1st December, 2004 14:40

    Videocon Appliances is locked at the 20% upper circuit. It has soared to a 52-week high of Rs 36.65.

  • Indiabulls soars to 52-week high

    1st December, 2004 14:32

    Indiabulls has flared to 52-week high of Rs 45.65 as buying intensified on this counter.

  • Aksh Optifibre on recovery path

    1st December, 2004 14:24

    Aksh Optifibre has spurted 10.14% to Rs 30.40 by 2:35 pm on renewed buying interest.

  • Rel Info to set up development centre in WB

    1st December, 2004 14:10

    Reliance Infocomm has announced a series of investment plans for West Bengal, including a solution development and service centre, over the next three years.

  • Engineers India: Stoploss of Rs 326 advised

    1st December, 2004 14:01

    Gaurang Shah is of the view that investors can target Rs 382 in Engineers India. However, a stoploss of Rs 326 is advised.

  • Markets bounce back: Tech shares depressed

    1st December, 2004 13:59

    The Sensex has bounced back from an intra-day low of 6176.09 following sustained buying interest in bank, oil, and metal stocks. Technology shares however, are dep

  • Buy Bongaigaon, Kochi Refineries on dips

    1st December, 2004 13:41

    Gaurang Shah is of the view that investors can buy Bongaigaon Refineries and Kochi Refineries on dips.

  • Keep a wait and watch approach in REL

    1st December, 2004 12:46

    Technical analyst, Rajat Bose said that it would be a wait and watch kind of scenario in Reliance Energy.

  • Midcaps to correct by at least 20%: Expert

    1st December, 2004 12:43

    Midcaps may correct by 20% on an average, and by as much as 40% in some cases, warn analysts. The move by the BSE to shift stocks to the trade-to-trade segment may

  • Stay invested in Reliance: Expert

    1st December, 2004 12:40

    According to Rajesh Jain of Pranav Securities, one should stay invested in Reliance as valuations look attractive.

  • PNB is a liquid stock, says expert

    1st December, 2004 12:31

    Technical analyst, VK Sharma, said that PNB is one of the liquid stocks in the banking sector.

  • Transit to T2T takes its toll on Ind-Swift

    1st December, 2004 12:24

    Ind-Swift has plunged 6.67% to Rs 262.45 on selling pressure on reports that the stock would move to trade-to-trade segment from December 6.

  • ONGC awards contract to Australian firm

    1st December, 2004 12:17

    ONGC has awarded a contract for the development of G1 and GS 15 offshore fields, to Australian firm Clough Engineering, at a cost of US $ 215.35 million.

  • UTI Bank bounces back from lower levels

    1st December, 2004 12:14

    UTI Bank has vaulted 5.71% to Rs 176 by 12:24 pm on fresh buying after early weakness.

  • Markets choppy: Oil & banks firm

    1st December, 2004 11:58

    The Sensex has slipped after touching an all time high of 6272.68. Several auto, FMCG, and technology stocks have corrected but oil and bank stocks have gained.

  • Exit India Cements if breaks Rs 43-45: Bahl

    1st December, 2004 11:52

    Alok Bahl is of the view that investors should exit India Cements if it breaks Rs 43-45.

  • Sales below expectation, Maruti slips

    1st December, 2004 11:37

    Maruti Udyog has skid 3.24% to Rs 406.50 on reports that the company sold 42,842 vehicles in November sales grew 7.8% to 42,842 units, which is below expectation.

  • Markets to go higher in Jan, says expert

    1st December, 2004 11:30

    Analysts feel that even if the markets get into virgin territory this month, they will go up higher in the next.

  • Maruti to raise car prices in January

    1st December, 2004 11:04

    Maruti Udyog Ltd might raise car prices in Jan 05, owing to rising costs. November sales for Maruti are up 7% to 42,842 units, year on year.

  • Retail investors to hedge in F&O

    1st December, 2004 11:00

    Sajiv Dhawan, MD of JV Capital Services, advises retail investors to book some partial profits or sell some higher options in stocks where they can.

  • HDFC slumps on profit taking

    1st December, 2004 10:55

    HDFC has slipped 4.52% to Rs 764.40 by 10:51 am on profit taking after yesterday's gains.

  • Kale Consultants makes smart gains today

    1st December, 2004 10:37

    Kale Consultants has lunged up 5.02% to Rs 64.80 on fresh buying interest. The company has bagged the BS 7799 certification- a British standard for information sec

  • DIC India buzzing, stock at new high

    1st December, 2004 10:27

    DIC India has touched a 52-week high of Rs 194.95 on continued buying interest.

  • Hero Honda skids as Nov sales disappoint

    1st December, 2004 10:10

    Hero Honda Motors has skid 3.79% to Rs 474 as its November sales slipped 3.9% to 2.36 lakh units MoM.

  • Export growth review meeting set for Dec 11

    1st December, 2004 09:50

    Commerce Minister Kamal Nath will hold a review meeting of Export Promotion Councils and Commodity Boards on December 11, to chalk out a strategy to accelerate exp

  • World Bank approves loan to SIDBI

    1st December, 2004 09:42

    The World Bank has approved a $ 120 million loan to the Small Industries Development Bank of India, backed by a guarantee from the Indian government.

  • South India biggest mkt for insurance in H1

    1st December, 2004 09:37

    A 155% growth in first premium income registered by the southern zone, has enabled LIC record a 62.71% growth in this segment in current fiscal.

  • Demand concerns ease; oil prices fall

    1st December, 2004 09:20

    Oil prices fell as an expected increase in US heating fuel supplies eased in concerns over an inventory crunch should this winter's weather prove colder than

  • No change in petrol, diesel prices

    1st December, 2004 09:14

    Despite expectations of a price cut, retail prices of petrol and diesel have been left unchanged after yesterday's revision of oil prices.

  • WHO re-approves Cipla HIV/AIDS drugs

    1st December, 2004 09:02

    WHO has reinstated two drugs made by Cipla to its list of approved HIV/AIDS medicines for use in developing countries.

  • Rupee expected to test Rs 45.55 levels

    1st December, 2004 08:43

    The rupee might test Rs 44.55 per dollar and above levels, if the RBI, continues to abstain from buying dollars even as inflows remain strong.

  • Stocks decline on Wall Street

    1st December, 2004 08:16

    Stocks ended lower on Wall Street amid sliding consumer confidence. Still, the major indexes ended November with their best monthly performance for the year.

  • REL to consult RlL for every move

    30th November, 2004 20:32

    Reliance Energy will have to consult the board of Reliance Industries for every future prospect of the company.

  • Audi to breeze across Indian roads

    30th November, 2004 20:22

    Audi is bringing the A-8 to India, for the discerning automobile lover.

  • Hedge funds want to get in on the act

    30th November, 2004 20:16

    A soaring Sensex makes India fertile ground for an influx of FII monies.

  • IFFI sees a lacklustre start

    30th November, 2004 18:28

    International film festival is yet to prove itself as a marketing stage for for participating companies.

  • Infosys, HDFC, HLL, MTNL

    30th November, 2004 16:39

    Technical analyst, Rahul Mohindar, is positive on Infosys, HDFC, HLL, MTNL in the coming days.

  • Stoploss of Rs 31 advised in Agro Dutch Ind

    30th November, 2004 16:07

    Vijay Bhambwani is of the view that investors can exit Agro Dutch Industries at Rs 40-45. However, a stoploss of Rs 31 is advised.

  • Rupee strengthens while bonds slip

    30th November, 2004 15:50

    Bonds slipped while the rupee made gains, given the global weakness of the US currency.

  • EID Parry is a good investment: Bhambwani

    30th November, 2004 15:39

    Vijay Bhambwani is of the view that EID Parry is a good investment and investors should continue to hold the stock.

  • Asian markets close mixed

    30th November, 2004 15:30

    Asian markets have closed mixed. Tokyo stocks were down amid weaker-than-expected industrial output for October.

  • FM meet fails to resolve service tax issue

    30th November, 2004 15:26

    The centre and state governments are divided on the issue of service tax, but the state governments have agreed to implement VAT, reports CNBC-TV18.

  • HDFC at a high, top gainer on Sensex

    30th November, 2004 15:14

    HDFC has touched a 52-week high of Rs 805 on renewed buying support. It is the top gainer on the Sensex.

  • Dabur India among major losers

    30th November, 2004 15:05

    Dabur India has slipped 3.85% to Rs 87.45 by 3:13 pm on strong buying. It is the top loser on the Nifty.

  • BPCL eases on selling pressure

    30th November, 2004 14:40

    BPCL has eased 3.47% to Rs 394.50 by 2:44 pm on selling pressure after yesterday's gains.

  • PNB spurts, top gainer on Nifty

    30th November, 2004 14:25

    Punjab National Bank has vaulted 6.72% to Rs 354.05 by 2:31 pm on strong buying interest. It is the top gainer on the Nifty.

  • Sensex few pts away from historic high

    30th November, 2004 14:14

    The markets are trading higher mainly due to the gains in the index heavyweights. Weakness however is seen in the auto and refinery stocks. Several midcap shares h

  • Chambal Fert: Stoploss of Rs 21 advised

    30th November, 2004 14:12

    Vijay Bhambwani is of the view that Chambal Fertilisers can go upto Rs 30 in three months. However, a stoploss of Rs 21 is advised.

  • UB Engineering locked at 10% upper limit

    30th November, 2004 14:05

    UB Engineering is locked at the 10% upper circuit on reports that the UB group is selling its engineering business.

  • FIIs maintain bullishness on India

    30th November, 2004 13:36

    The Sensex made its second biggest move yesterday buoyed by the buying interest. On November 25, FIIs net invested Rs 529.60 crore (Rs 5.29 billion) in India.

  • Tata Pure Equity declares 20% dividend

    30th November, 2004 12:36

    Tata Pure Equity Fund has declared a 20% dividend, with the record date being December 2.

  • ICICI Bank: Hold for long term investors

    30th November, 2004 12:30

    VK Sharma is of the view that long term investors should hold ICICI Bank. However, a stoploss of Rs 334 is advised to short term investors.

  • Expert bullish on VSNL, MTNL, SCI

    30th November, 2004 12:16

    Technical analyst, Prakash Gaba is bullish on Shipping Corporation, VSNL and MTNL.

  • Nahar Exports plans capex worth Rs 500 cr

    30th November, 2004 12:09

    Nahar Exports is planning a Rs 500 crore (Rs 5 billion) expansion-cum-diversification programme. The company expects to complete the expansion by the end of 2005.

  • Bharati Shipyard IPO opens on Thursday

    30th November, 2004 12:01

    Bharati Shipyard's IPO, worth Rs 68.75-82.5 crore, will open on December 2, priced at Rs 55-66. Funds from the IPO will be used for its capacity expansion.

  • Valuation rerating needed for upmoves

    30th November, 2004 11:55

    Analysts feel that the markets should see a valuations re-rating, if they are to go up any further from the current levels.

  • Analyst bullish on ONGC

    30th November, 2004 11:49

    According to technical analyst, Sudarshan Sukhani, ONGC is a buying opportunity.

  • Good purchasing opportunity in Ranbaxy

    30th November, 2004 11:44

    According to technical analyst, Sudarshan Sukhani, Ranbaxy has a good purchasing opportunity.

  • Reliance Energy is a buying opportunity

    30th November, 2004 11:38

    According to technical analyst, Sudarshan Sukhani, Reliance Energy is a buying opportunity for short term traders.

  • Gulf Oil Corp flares to 52-week high

    30th November, 2004 11:20

    Gulf Oil Corporation has touched a 52-week high of Rs 151. At 11:14 am the share is quoting at Rs 145.10, up Rs 9.10, or 6.69%.

  • REL trading firm ahead of board meeting

    30th November, 2004 11:01

    Reliance Energy has surged 2.89% to Rs 571.35 on firm buying support ahead of the company’s board meeting to consider the resignations of directors and other relat

  • Hold Union Bank with stoploss of Rs 81.50

    30th November, 2004 10:47

    Rajat Bose is of the view that long term investors can hold Union Bank with a stoploss of Rs 81.50.

  • Trent continues to buzz on the bourses

    30th November, 2004 10:45

    Trent has touched a 52-week high of Rs 631.10 on sustained buying.

  • Enter Sonata Software on dips: Bose

    30th November, 2004 10:35

    Rajat Bose is of the view that investors can enter Sonata Software on declines. They should exit from the stock at Rs 22.

  • Infosys scales 52-week high as ADR zooms

    30th November, 2004 10:21

    Infosys Technologies has scaled a 52-week high of Rs 2,148 as Infosys ADR zoomed 7% to $ 70.30.

  • Ind-Swift Labs vaults to 52-week high

    30th November, 2004 10:02

    Ind-Swift Laboratories has touched a 52-week high of Rs 221.20 on continued buying interest.

  • Market opens with a gap: Sensex over 6200

    30th November, 2004 10:00

    The markets have opened higher with a positive gap. The Sensex has crossed 6200 as stocks across the board have gained. The Reliance group shares are firm ahead of

  • Indian MF industry is sophisticated: Bajpai

    30th November, 2004 09:45

    Sebi feels that the domestic mutual fund industry, in spite of its small size compared with global peers, is very technology-savvy and sophisticated.

  • RIL board dismisses Anil's note: Mukesh

    30th November, 2004 09:40

    In response to Anil Ambani's dissent note to Reliance Industries board, Mukesh Ambani's office has said that the board "has not accepted the views

  • Rel Energy board to meet today

    30th November, 2004 09:29

    The board of Reliance Energy Limited will meet in Mumbai today to discuss the resignations of the company's six directors and other related issues

  • Rupee expected to extend gains

    30th November, 2004 09:01

    The rupee is expected to extend gains against the US dollar supported by dollar sales by exporters and foreign funds amid the lack of buying interest from the RBI.

  • Asian markets trading weak

    30th November, 2004 08:33

    Asian markets are trading weak. Japan's Nikkei average is down 0.97% on profit booking and poor industrial output reports.

  • Himalaya set to scale baby care segment

    29th November, 2004 18:34

    Himalaya is going to unveil its baby care line soon. It means more variety for mums and more competition for its peers.

  • HZL's capex plans to drive volume growth

    29th November, 2004 16:40

    A vertically integrated mining and smelting company, Hindustan Zinc is currently gearing up to become the world's lowest-cost producer.

  • HFCL Infotel: Stoploss of Rs 8 advised

    29th November, 2004 16:31

    Rajat Bose is of the view that investors should keep a stoploss of Rs 8 in HFCL Infotel.

  • Rupee firms while bonds slip

    29th November, 2004 16:01

    The rupee ended strong while the bond market faired weak as investors wait for the government to give details of the scheduled Rs 8000 crore bond auction.

  • Indians battle the bulge to stay healthy

    29th November, 2004 15:59

    A third of India is overweight. Obesity needs immediate attention.

  • Exit Pentamedia; buy Sonata or Adlabs Films

    29th November, 2004 15:52

    Rajat Bose is of the view that investors should switch over to Sonata Software or Adlabs Films from Pentamedia Graphics.

  • Asian markets close higher

    29th November, 2004 15:37

    Asian markets have closed higher. Japan's Nikkei average gained more than 140 points on buying in steel, shipping and trading firms.

  • Markets close up, Sensex near all time high

    29th November, 2004 15:35

    The markets have rallied smartly today, with both the Sensex and the Nifty closing more than 2% up. Analysts feel that the Sensex has a very good chance of touchin

  • Maruti zooms, top gainer on Sensex

    29th November, 2004 15:16

    Maruti Udyog has geared up 4.51% to Rs 415.15 by 2:49 on strong buying. It is the top gainer on the Sensex.

  • Petrol prices may be cut by 55 paise

    29th November, 2004 15:15

    Petrol prices may be reduced by less than a rupee tomorrow, while diesel prices likely to remain unchanged.

  • Buy Ceat, keep stoploss below Rs 46: Bose

    29th November, 2004 14:51

    Rajat Bose is of the view that investors can buy Ceat by keeping a stoploss below Rs 46.

  • United Breweries locked at 5% upper limit

    29th November, 2004 14:35

    United Breweries is frozen at the 5% upper circuit on the sustained buying interest. It has touched a 52-week high of Rs 370.05.

  • Alok Industries flares to a new high

    29th November, 2004 14:26

    Alok Industries has touched a 52-week high of Rs 75.50 as buying gained momentum on this counter.

  • Govt fine with Branson's personal investment

    29th November, 2004 14:10

    Richard Branson's personal investment in a domestic airline will be passed, said civil aviation secretary Ajay Prasad.

  • Reliance shareholding a complex web: Doshi

    29th November, 2004 14:04

  • SC sets aside case against Thackeray

    29th November, 2004 13:59

    The Supreme Court has set aside a judgment of the Bombay HC sentencing Bal Thackeray to seven-days imprisonment for making false corruption charges against a judge

  • Sensex crosses 6100: Reliance stocks recover

    29th November, 2004 13:53

    The Sensex has crossed the 6100 level on the back of strong gains in the tech, bank, auto, metal, and FMCG stocks. The Reliance group stocks have bounced back from

  • National Steel gains sheen, stock at a high

    29th November, 2004 13:49

    National Steel & Agro Industries has touched a 52-week high of Rs 31.55.

  • Ind-Swift Labs shoots to 52-week high

    29th November, 2004 13:46

    Ind-Swift Laboratories has touched a 52-week high of Rs 212.20 on sustained buying.

  • Shipping Corporation cruises ahead

    29th November, 2004 13:41

    Shipping Corporation of India has cruised ahead 5.8% to Rs 184.30 by 1:33 pm on fresh buying.

  • FIIs continue bullish outlook on India

    29th November, 2004 13:00

    With investments touching an all-time high this year, it's quite evident that FIIs are continuing with their favourable outlook on India.

  • ONGC and VSNL looking good: Expert

    29th November, 2004 12:57

    According to technical analyst, Dhiraj Mohindar, ONGC and VSNL are looking very good on the charts.

  • Auto and banks look attractive

    29th November, 2004 12:54

    According to technical analyst, Dhiraj Mohindar, both auto and banks look attractive.

  • Kajaria Iron scales 52-week high

    29th November, 2004 12:45

    Kajaria Iron Castings has touched a 52-week high of Rs 62.45 as buying gained momentum on this counter.

  • Rs 1260, important resistance for ITC

    29th November, 2004 12:41

    According to technical analyst, Dhiraj Mohindar, Rs 1260 and there after Rs 1320 are important resistance levels in ITC.

  • Avon Organics locked at 10% upper circuit

    29th November, 2004 12:39

    Avon Organics is locked at the 10% upper circuit on renewed buying. At 12:31 pm the share is quoting at Rs 52, up Rs 4.70.

  • Reliance rift far from resolution: Experts

    29th November, 2004 12:22

    Experts say that the email sent out by Anil Ambani to employees of Reliance Energy sends out a vague message, and do not foresee a speedy resolution to the issue.

  • Mkts look good, but RIL may affect sentiment

    29th November, 2004 12:16

    F&O data suggests that the markets are looking good right now, going by rollover and open interest data. But, analysts feel that the Reliance imbroglio could h

  • Mukesh may be in a stronger position: Expert

    29th November, 2004 12:05

    Reliance CMD Mukesh Ambani may have a stronger position, vis-a-vis brother Anil, in the Ambani ownership spat, say experts. But the issue at heart may be managemen

  • Markets to continue to do well: Expert

    29th November, 2004 12:00

    According to Ravi Chadha of Prodigy Investment Management, the markets should continue to do well.

  • Hotel Leela scales a new high

    29th November, 2004 11:48

    Hotel Leela has touched a 52-week high of Rs 129.85. Volumes of over 1.17 lakh shares have been traded on the BSE so far.

  • Textiles seeing strong demand pull: SSKI

    29th November, 2004 11:45

    The textile sector is witnessing a strong demand pull, says SSKI. China is facing protectionist noise in the US and that can only be good for Indian textiles.

  • Trent hits a 52-week high of Rs 590

    29th November, 2004 11:26

    Trent has touched a 52-week high of Rs 590. It is trading with volumes of 53,089 shares on the BSE.

  • DCM touches a 52-week high

    29th November, 2004 11:00

    DCM has touched a 52-week high of Rs 51.70. It is trading with volumes of 59,207 shares on the BSE.

  • Abhishek Industries spurts on huge volumes

    29th November, 2004 10:48

    Abhishek Industries has touched a 52-week high of Rs 37.70. Huge volumes of over 3.08 lakh shares have been traded on the BSE so far.

  • India can produce more natual gas: Aiyar

    29th November, 2004 10:46

    Petroleum minister Mani Shankar Aiyar said today that India could produce 20-22 million cubic meters of natural gas per day for about 20 years, from coal bed metha

  • Warburg to pick up 2.75% in Kotak Mahindra

    29th November, 2004 10:39

    Kotak Mahindra Bank will issue 33 lakh equity shares, constituting 2.75% of its paid-up capital, on a preferential basis to Warburg Pincus, to ex[pand its retail n

  • STC India gears up on the bourses

    29th November, 2004 10:31

    STC India has geared up 12.24% to Rs 145.75 by 10:23 am on renewed buying interest.

  • CII-LNCC sign MoU to further India-Laos ties

    29th November, 2004 10:30

    CII and its Laos counterpart, LNCC have signed a MoU to promote industrial and technological co-operation between the two nations.

  • Ajanta Pharma a sweet pill today

    29th November, 2004 10:25

    Ajanta Pharma has surged up 7.02% at Rs 72.40 on good buying support. It is trading with volumes of 44,852 shares on the BSE.

  • Reliance stocks under the hammer

    29th November, 2004 10:07

    Reliance stocks continue to get hammered as uncertainty looms over the developments in the ongoing family rift.

  • Anil Ambani appeals to Rel Energy employees

    29th November, 2004 09:52

    Anil Ambani sent a mail to all Reliance Energy employees yesterday saying that he is a professional serving the interest of the company's stakeholders. Howeve

  • Oil cools on expected imports

    29th November, 2004 09:41

    Crude oil prices fell on speculation that the US is importing enough of fuel to boost inventories of heating oil for winter.

  • Markets look bullish, says Choudhury

    29th November, 2004 08:39

    Markets look bullish despite developments on the Reliance front, says Choudhury.

  • SEBI, DCA worried about lack of transparency

    27th November, 2004 17:30

    As Ambani brothers battle for power, SEBI and DCA are concerned about lack of transparency in promoters' controlling corporates via web companies.

  • JBF Industries target seen at Rs 65: Solanki

    27th November, 2004 17:07

    AR Solanki is of the view that investors can target Rs 65 in JBF Industries.

  • Regency Ceramics can touch Rs 52: Solanki

    27th November, 2004 17:00

    AR Solanki is of the view that investors should hold Regency Ceramics. The stock can go upto Rs 52.

  • Cabinet decides to scrap Press Note 18

    27th November, 2004 16:41

    The Cabinet has decided to scrap Press Note 18, citing it as a roadblock to investments.

  • Book some profit in HOEC, buy BASF: Shah

    27th November, 2004 15:53

    Rajen Shah is of the view that investors can book some profit in HOEC and invest in BASF at current levels.

  • Switch over to Rajapalayam Mills from Jisco

    27th November, 2004 15:48

    Rajen Shah is of the view that investors can switch over to Rajapalayam Mills from Jisco.

  • Exit Mercator Lines; buy Swaraj Engines

    27th November, 2004 15:42

    Rajen Shah is of the view that investors should exit Mercator Lines. They can invest in Swaraj Engines for better returns.

  • Exit Vijaya Bank, buy Shrenuj & Co: Shah

    27th November, 2004 15:09

    Rajen Shah is of the view that investors should switch over to Shrenuj and Company from Vijaya Bank for better returns.

  • Exit Hind Motors, buy Orient Paper: Mathew

    27th November, 2004 14:23

    E Mathew is of the view that investors should switch over to Orient Paper from Hindustan Motors for good returns.

  • Hold Centurion Bank with stoploss of Rs 9.50

    27th November, 2004 14:16

    E Mathew is of the view that investors can hold Centurion Bank for long run with a stoploss of Rs 9.50.

  • ICICI Venture rolls out realty fund

    27th November, 2004 13:02

    ICICI Venture, one of the country’s largest private equity and venture fund management company, has launched a Rs 1000 crore (Rs 10 billion) real estate fund.

  • Newly patented drugs may face price control

    27th November, 2004 11:04

    The government may clamp price restrictions on newly introduced patented drugs post 2005 based on the recommendations made by the G S Sandhu Committee.

  • Hyundai slashes Elantra prices

    27th November, 2004 10:35

    Hyundai has slashed prices of its premium midsizser Elantra by upto a hefty Rs 2 lakh.

  • RIL to set market mood, choppiness likely

    26th November, 2004 21:18

    Reliance continues to dominate the news and the market sentiment. While analysts remain bullish on the counter and the markets over the long term, they have concer

  • RIL: Investors' Forum on a watch mode

    26th November, 2004 20:32

    Even as the Reliance ownership battle rakes up various corporate governance issues, the Investor Grievnaces Forum has decided to wait and watch for a week to 10 da

  • RIL Chairman may control shares, but not own

    26th November, 2004 16:15

    The chairman of Reliance Industries may control the crucial 29% stake but not own it, say analysts. This, they add, is a result of Indian corporate laws.

  • Birla court battle with Lodha resumes

    26th November, 2004 14:01

    The probate application filed by Lodha is expected to end next week and the order to be passed before the Christmas recess.

  • Inflation slips to 7.34% from 7.76%

    26th November, 2004 13:13

    Inflation for the week ended November 13, fell to 7.34% from 7.76% a week ago. But this is still below market expectations.

  • Anil says he'll speak out at right time

    25th November, 2004 21:09

    Anil Ambani has finally broken his silence. He has said he will speak out at the right time, and added that Reliance Energy board will consider the resignations of

  • M L Bhakta talking to Ambani brothers

    25th November, 2004 18:17

    ML Bhakta, who has agreed to reconsider his resignation from the board of Reliance Industries, says he is talking to the brothers.

  • Knee surgery not as wrenching anymore

    25th November, 2004 17:20

    A boon for patients suffering from severe osteo-arthritis, the one-hour long minimally invasive knee replacement surgery promises less post-operative pain and fast

  • Beat this blood disorder with spirit

    25th November, 2004 16:55

    Thalassemia need not be a life sentence - it can be made endurable with medication and with the right attitude.

  • Bharti Tele is a good pick at Rs 160-165

    25th November, 2004 16:44

    Laxmi Manohar is of the view that Bharti Tele Ventures is a good pick at Rs 160-165.

  • Buy Int Travel House at Rs 50-60: Sampat

    25th November, 2004 16:41

    Rajesh Sampat is of the view that investors can enter International Travel House at Rs 50-60.

  • Tata Power: Hold for long term investors

    25th November, 2004 16:34

    Rajesh Sampat is of the view that long term investors should stay invested in Tata Power Company.

  • Tata Chem is going in the right direction

    25th November, 2004 16:32

    Laxmi Manohar is of the view that Tata Chemicals is going in the right direction as the company is planning to set up a new plant.

  • Automatic entry for FDI likely: Nath

    25th November, 2004 16:20

    Commerce Minister Kamal Nath has said that the government will consider automatic entry for FDI into India.

  • Reliance group stocks drag markets down

    25th November, 2004 16:17

    The markets closed lower on Friday as stocks across the board corrected on reports that six directors have resigned from Reliance Energy board. The Reliance group

  • Usha Martin is a great story, says expert

    25th November, 2004 15:44

    Nirmal Jain, Managing Director of 5paisa - India Infoline is bullish on Usha Martin, and says that the capex undertaken by the company will boost its margins signi

  • Asian markets close mixed

    25th November, 2004 15:42

    Asian markets have closed mixed. Tokyo stocks were up on good buying in selected technology and steel issues.

  • Analyst bullish on G E Shipping

    25th November, 2004 15:39

    Nirmal Jain, Managing Director of 5paisa - India Infoline is bullish on G E Shipping.

  • ITC can touch Rs 1350-1400: Sampat

    25th November, 2004 15:25

    Rajesh Sampat is of the view that ITC can go upto Rs 1,350-1,400.

  • Titan is overvalued, says expert

    25th November, 2004 15:16

    Nirmal Jain, Managing Director of 5paisa - India Infoline, says that Titan is overvalued, and will not benefit from high gold prices.

  • Nifty falls below 1900: REL crashes

    25th November, 2004 15:00

    The markets have slipped into the red following selling pressure in the Reliance group stocks. Six directors have resigned from Reliance Energy board.

  • Geometric Software scales 52-week high

    25th November, 2004 14:41

    Geometric Software Solutions has touched a 52-week high of Rs 387.50.

  • FII flows to India to continue: Bear Stearns

    25th November, 2004 14:21

    Bear Stearns says that the positive foreign inflows into India looks sustainable. However, they are cautious on the valuations front.

  • 6 directors quit Reliance Energy

    25th November, 2004 14:08

    Six directors out of sixteen on the board of Reliance Energy have put in their resignations. The directors are reported to be close to Vice Chairman Anil Ambani.

  • Oriental Bank soars, top gainer on Nifty

    25th November, 2004 14:04

    Oriental Bank of Commerce has vaulted 4.7% to Rs 290.80 by 1:51 pm on fres buying. It is the top gainer on the Nifty.

  • Tata Motors looks good: Expert

    25th November, 2004 13:58

    According to Sathyan Rajan of Networth Stock Broking, Tata Motors is looking good.

  • HCL Tech to see an upmove: Analyst

    25th November, 2004 13:56

    Sathyan Rajan of Networth Stock Broking sees HCL Technologies lifting itself in the range of Rs 425-450.

  • Foreign fund flows to continue into India

    25th November, 2004 13:20

    Experts feel that India is going to continue being a major destination of foreign money as the dollar continues to weaken.

  • Hotel Leela revs up to a new high

    25th November, 2004 12:58

    Hotel Leela Venture has touched a 52-week high of Rs 126.20 on fresh buying interest.

  • Ashok Leyland target seen at Rs 22-23

    25th November, 2004 12:53

    Rajesh Sampat is of the view that Ashok Leyland can go upto Rs 22-23.

  • Buy Samtel Colour on dips: Vasudeo

    25th November, 2004 12:49

    Hitendra Vasudeo is of the view that investors should buy Samtel Colour on every dip.

  • Trent makes smart gains, stock at a high

    25th November, 2004 12:31

    Trent has touched a 52-week high of Rs 539 on strong buying interest.

  • Sensex above 6050: Auto & metal firm

    25th November, 2004 12:20

    The markets have move up on the back of the gains in the auto, metal, cement, technology, and pharma shares. Oil shares however, are trading lower.

  • Warburg to buy Max's shares at Rs 200 each

    25th November, 2004 12:02

    Max India board has approved the issue of 40.5 lakh share to two Warburg units at Rs 200 per share including a premium of Rs 190 per share.

  • Board okays equity issue, Max at a high

    25th November, 2004 11:50

    Max India has lunged up to a 52-week high of Rs 233 after the company's board approved issue of 40.5 lakh shares to 2 units of Warburg Pincus at Rs 200 per share.

  • Deccan Chronicle IPO subscribed 1.41 times

    25th November, 2004 11:39

    Andhra Pradesh based English daily, Deccan Chronicle's IPO, opened today and has got subscribed 1.41 times.

  • Hindustan Zinc's H1 net at Rs 2610 mn

    25th November, 2004 11:27

    Hindustan Zinc Limited has posted a net profit of Rs 2610 million for the half year ended September 30, 2004. Total Income has increased to Rs 9827 million.

  • Hold Phillips Carbon; buy more at Rs 61-68

    25th November, 2004 11:24

    Hitendra Vasudeo is of the view that investors should hold Phillips Carbon. They can buy more stock if it comes down to Rs 61-68.

  • Book part profit in Godrej Industries

    25th November, 2004 11:14

    Hitendra Vasudeo is of the view that investors can book part profit in Godrej Industries.

  • Birla Sun Life to open 4 branches in south

    25th November, 2004 11:05

    Birla Sun Life Insurance will open four more branches in south India, increasing its presence to 12 branches in the four southern states.

  • Arvind Mills flares to a new high

    25th November, 2004 10:53

    Arvind Mills has touched a 52-week high of Rs 118.90 on sustained buying interest.

  • ICICI Bank down, FII investment ceiling hit

    25th November, 2004 10:39

    ICICI Bank is witnessing some selling pressure as no futher FII buying in the share would be allowed as the investment ceiling of 49% is hit.

  • Sun Pharma looks good, says Vasudeo

    25th November, 2004 10:31

    Hitendra Vasudeo is of the view that Sun Pharma looks good. The stock is showing a sustained upmove.

  • Shree Cements firms to 52-week high

    25th November, 2004 10:25

    Shree Cements has touched a 52-week high of Rs 234.90 in renewed buying support.

  • Rupee to remain in Rs 44.98-45.10 band

    25th November, 2004 09:10

    Dollar supplies from exporters and foreign funds may continue to lift the rupee, but gains are likely to be capped by the Reserve Bank of India.

  • Equity NAVs surge, FMCG, auto gain the most

    25th November, 2004 08:55

    NAVs of most of the equity and balanced schemes moved in the positive turf yesterday as the markets closed higher, while many of the debt and gilt schemes posted n

  • Asian markets trading weak

    25th November, 2004 08:28

    Asian markets are trading weak. Tokyo stocks are down 0.07% amid losses in exporters.

  • Tech Toyz: AIWA Giga Pavit

    24th November, 2004 20:07

    The Aiwa Giga Pavit is Sony's answer to the i-Pod. It remains just as expensive but with a slimmer and lighter body and a few snags.

  • Quota free regime best for top textile firms

    24th November, 2004 20:04

    Analyst says that the top tier of the textile pack will benefit the most when the quota regime in international trade in textiles comes to an end in Jan 2005.

  • ML Bhakta to reconsider resignation

    24th November, 2004 18:47

    Reliance Chairman Mukesh Ambani met Director M L Bhakta, who had given his resignation yesterday, and requested him to continue on the board.

  • Apply for Deccan Chronicle's IPO: Parekh

    24th November, 2004 17:48

    Himal Parekh is of the view that investors should apply for Deccan Chronicle's IPO.

  • Investors can hold RIL; traders should trade

    24th November, 2004 17:36

    Himal Parekh is of the view that investors can hold Reliance, but traders should go for trading in the stock.

  • PM kicks off bilateral talks with Aziz

    24th November, 2004 17:25

    Prime Minister Manmohan Singh began talks with his Pakistani counterpart on bilateral issues, including J&K.

  • Exit LML; buy Sona Koyo Steering, Omax Autos

    24th November, 2004 17:21

    DD Sharma is of the view that investors should exit LML. They may buy Sona Koyo Steering Systems, Ahmednagar Forgings and Omax Autos.

  • Strong debut for SAL Steel today

    24th November, 2004 17:18

    SAL Steel listed today at Rs 20 and finally closed at Rs 19.65 on the NSE. The company had come out with an IPO at Rs 14 per share.

  • Hold Mysore Cements, says Sharma

    24th November, 2004 16:52

    DD Sharma is of the view that investors may hold Mysore Cements.

  • Autos best bet for next month: F&O data

    24th November, 2004 16:42

    Derivatives analyst feels that auto stocks could be the best investment options in the next month. Analysts say that now is too early to take a directional call on

  • Bonds gain while rupee ends flat

    24th November, 2004 16:16

    Rupee ended flat but bonds rose on the back of easing call rate.

  • Asian markets close higher

    24th November, 2004 15:35

    Asian markets have closed higher. Tokyo stocks bounced back as investors bought select technology blue chips and real estate issues.

  • Toyota's new Prado set to storm the roads

    24th November, 2004 15:29

    Toypta is expanding its operations in India, and has entered the premium SUV segment with Prado.

  • Don't invest in Gail, buy Bongaigaon Ref

    24th November, 2004 15:18

    DD Sharma is of the view that investors should buy Bongaigaon Refineries instead of Gail India.

  • Revival plan to pull HMT back in the black

    24th November, 2004 14:59

    HMT is hoping to bounce back into the reckoning, armed with a revival and debt restructuring package.

  • Exit Visualsoft; buy KEC Int or Kesoram

    24th November, 2004 14:57

    DD Sharma is of the view that investors should switch over to KEC International or Kesoram Industries from Visualsoft for better returns in short time.

  • PSI Data Systems among major gainers

    24th November, 2004 14:52

    PSI Data Systems has flared up 12.47% to Rs 104.60 by 2:18 pm on renewed buying.

  • CCEA rolls back Rs 5 LPG price hike

    24th November, 2004 14:36

    The Cabinet has rolled back the Rs 5 hike in LPG price, and referred the Oil Regulatory Bill to a Group of Ministers. It has also cleared a $1.1 billion investment

  • Jet Airways plans an IPO

    24th November, 2004 14:29

    Jet Airways may go in for an initial public offering, and the final details will be out by December. The company is also working on a fleet acquisition plan, and i

  • India Cement looks good only above Rs 42-43

    24th November, 2004 14:24

    According to technical analyst, Salil Sharma, India Cement looks good as long at it stays above Rs 42-43 levels.

  • Dwarikesh Sugar IPO hits market next week

    24th November, 2004 14:19

    Dwarikesh Sugar IPO will hit the market from November 29, priced at Rs 65, at a premium of Rs 55. Some analysts say, the pricing could have been lower, but the com

  • Metals and cement should show more volumes

    24th November, 2004 14:11

    Technical analyst, Atul Suri said that the cement and the metal sector should show more volumes and more dynamism.

  • Watch ITC towards Rs 1200: Expert

    24th November, 2004 13:50

    Technical analyst, Atul Suri said that one should definitely look at ITC towards Rs 1200.

  • Bharat Gears has a support at Rs 47: Maloo

    24th November, 2004 13:47

    Hormuz Maloo is of the view that Bharat Gears has a good support at Rs 47.

  • Nifty above 1900: Reliance group shares weak

    24th November, 2004 13:40

    The markets have moved up on the back of a broadbased rally. Several FMCG, cement, bank, oil, telecom, and metal shares have gained but the Reliance group stocks a

  • United Western Bank in demand

    24th November, 2004 12:40

    United Western Bank has vaulted 8.34% to Rs 39.60 by 12:21 pm as buying intensified on this counter.

  • Only buyers in Orient Paper, stock up 10%

    24th November, 2004 12:22

    Orient Paper and Industries is among the major gainers. At 12:02 pm the share is quoting at Rs 78.85, up Rs 7.15, or 10%.

  • Aptech revs up on good volumes

    24th November, 2004 12:18

    Aptech has spurted 11.4% to Rs 46.40 by 12:01 pm on strong buying support.

  • Business climate better in India: Report

    24th November, 2004 12:04

    According to a joint study by the World Bank and CII, India's investment climate has improved markedly over the last three years.

  • ITC flares, top gainer on Sensex

    24th November, 2004 11:55

    Cigarette major ITC has touched a 52-week high of Rs 1,238 on sustained buying interest. It is the top gainer on the Sensex and the Nifty.

  • Stay invested in NTPC, says Maloo

    24th November, 2004 11:49

    Hormuz Maloo is of the view that investors should continue to hold NTPC.

  • Hold Timken as it continues to move up

    24th November, 2004 11:42

    Hormuz Maloo is of the view that investors can hold Timken India as long as it continues to move up.

  • Markets looking positive, says F&O data

    24th November, 2004 11:35

    F&O data, especially those related to open interest and rollover, shows that the markets are still looking positive, despite sluggish moves.

  • Walchandnagar Ind scales 52-week high

    24th November, 2004 11:31

    Walchandnagar Industries has touched a 52-week high of Rs 205.55 on continued buying interest.

  • Mid Day Multimedia in limelight

    24th November, 2004 10:54

    Mid Day Multimedia has shot up 5.84% to Rs 39.85 by 10:33 am on fresh buying interest.

  • Arvind Mills touches a 52-week high

    24th November, 2004 10:44

    Arvind Mills has touched a 52 week high of Rs 102.60. At 10:29 am the share is quoting at Rs 102.15, up Rs 3, or 3.03%.

  • Reliance group shares depressed

    24th November, 2004 10:33

    The Reliance group shares are depressed folowing reports that family members disagree with Mukesh Ambani's statement saying ownership & succession issues were sett

  • Kotak Mahindra Bank at 52-week high

    24th November, 2004 10:30

    Kotak Mahindra Bank has touched a 52-week high of Rs 245 as buying gained momentum on this counter.

  • Ahmedabad Electricity charges up

    24th November, 2004 10:09

    Ahmedabad Electricity Company has flared up 6.09% to Rs 121 by 10:04 am on renewed buying interest.

  • Three-year open skies policy mooted

    24th November, 2004 09:41

    Tourism Minister Renuka Chowdhury wants a three-years open skies policy for the winter months, so that airlines can plan additional capacity and their flights.

  • Markets may be under pressure in short-term

    24th November, 2004 09:17

    Markets may be under pressure in short-term due to the Reliance issue and the expiry, says Malkani.

  • Crude recedes after piercing $50 a barrel

    24th November, 2004 09:00

    New York crude oil touched $50 a barrel for the first time in almost three weeks amid concern that refiners have failed to build adequate heating-oil supplies

  • Equity NAVs flare as markets move higher

    24th November, 2004 08:41

    Equity NAVs flared yesterday as the markets moved up, while most of the debt and gilt schemes posted negative returns.

  • Stocks end mixed on Wall Street

    24th November, 2004 08:13

    US stocks finished mixed as oil prices retreated after surging past $50 per barrel. An brokerage downgrade of Intel Corp. pressured technology shares.

  • Pakistani PM arrives in New Delhi

    23rd November, 2004 17:58

    Pakistani Prime Minister Shaukat Aziz has arrived in New Delhi, on a two day visit in his capacity as SAARC chairman, and will hold discussions with Indian leaders

  • Mukesh's letter: CMD is final authority

    23rd November, 2004 17:52

    So says Mukesh Ambani to Reliance employees in a letter.

  • Wipro to start Rs 500cr centre in Kolkata

    23rd November, 2004 17:22

    West Bengal embraces Wipro's spanky new development cum call centre and invites more investment.

  • ITC, ONGC, GE Shipping, Maruti

    23rd November, 2004 17:11

    Analsysts keenly watch stocks like ITC, ONGC, GE Shipping, Maruti, Telco, ACC, Gujarat Ambuja, Indian Cement, McDowels, GSFC, Radico Khaitan, Polyplex, and others.

  • Sterling Bio & Rel Capital look good: Maloo

    23rd November, 2004 17:06

    Hormuz Maloo is of the view that Sterling Biotech and Reliance Capital look good in the midcap space.

  • Hold South Indian Bank, says Jain

    23rd November, 2004 17:04

    Vishal Jain is of the view that investors should continue to hold South Indian Bank.

  • Left parties happy after meeting on patents

    23rd November, 2004 16:38

    Patents will be strictly defined, and a challenge will be allowed before patents are granted. The left parties are unlikely to oppose a bill for the introduction o

  • F&O data says markets looking positive

    23rd November, 2004 16:33

    F&O data shows that the markets are looking quite positive right now. Utpal Choudhury said that the markets have been seeing good development of short positions.

  • Auto component industry to pull their socks

    23rd November, 2004 16:24

    Auto component industry discussed the growth of the industry with global outsourcing oppurtunities in sight.

  • Rupee slips while bonds strengthen

    23rd November, 2004 16:21

    Rupee closed weak as there was reluctance amongst players to take any position before the long holiday approaches. Bonds closed on a strong note owing to a rise in

  • Apollo Hospitals promises to stay healthy

    23rd November, 2004 16:11

    Apollo Hospitals is confident of improving its performance in the second half, and says its buisiness strategy is working well.

  • Price recovery expected soon: Moser Baer

    23rd November, 2004 15:59

    Moser Baer says that a price recovery is expected soon on back of a strong recovery in volumes.

  • Stay invested in Karnataka Bank, says Jain

    23rd November, 2004 15:43

    Vishal Jain is of the view that investors should stay invested in Karnataka Bank.

  • Asian markets close higher

    23rd November, 2004 15:27

    Asian markets have closed higher. The Hang Seng, Straits Times and PSE Composite were up 1.61%, 0.48% and 1.29% respectively.

  • TCS target seen at Rs 1,400: Jain

    23rd November, 2004 15:22

    Vishal Jain is of the view that investors can target Rs 1,400 in TCS if they hold it for more than one year.

  • Ashok Leyland gears up on the bourses

    23rd November, 2004 15:11

    Ashok Leyland has geared up 4.74% to Rs 19.90 by 2:53 pm on renewed buying.

  • CSFB warns of Asian market slowdown

    23rd November, 2004 15:03

    CSFB has warned that Asian markets, including India, may slow down, in case liquidity falters and the markets become steady. Slew of public issues are also not goo

  • ITC top gainer on the Sensex

    23rd November, 2004 14:59

    FMCG heavyweight ITC has gained 3.72% to Rs 1,188.15 by 2:42 pm on fresh buying. It is the top gainer on the Sensex.

  • Only buyers in Skanska Cementation

    23rd November, 2004 14:38

    Skanska Cementation is locked at the 10% upper circuit on strong buying support.

  • RS Software locked at 20% upper circuit

    23rd November, 2004 14:09

    RS Software (India) is locked at 20% upper circuit on continued buying interest. It is trading with good volumes of 59,695 shares on the BSE.

  • Exit Jyoti Structures now: Shenoy

    23rd November, 2004 14:04

    Sandeep Shenoy is of the view that investors should exit Jyoti Structures at current levels.

  • Stick to Union Bank: Expert

    23rd November, 2004 13:56

    Analyst, Dipan Mehta advices investors to stick to Union Bank at this point in time.

  • Ambani rift: Family support likely to be key

    23rd November, 2004 13:14

    Financial Columnist Sucheta Dalal believes that the winner in the Ambani rift will depend upon whom the family decides to support.

  • Siemens VDO at a high on merger proposal

    23rd November, 2004 12:46

    Siemens VDO Automotive has touched a 52-week high of Rs 159.90 after the company announced that a meeting of its board will be held on Nov 25 to consider proposal

  • Bata India on a firm footing

    23rd November, 2004 12:35

    Bata India has firmed up 7.71% to Rs 85.90 by 12:15 pm on sustained buying support.

  • Ceat zooms on huge volumes

    23rd November, 2004 12:18

    Ceat has zoomed 14.24% to Rs 49.35 by 12:02 pm on strong buying. It is trading with huge volumes of 4,13,523 shares on the BSE.

  • Buy Reliance on dips: Expert

    23rd November, 2004 12:01

    Anup Bagchi of icicidirect.com advices investors to buy Reliance Industries when it dips.

  • US centres shut fearing terrorist attacks

    23rd November, 2004 11:29

    The US Centres in Mumbai and Delhi were shut today, after a warning against possible terror attacks on them. The decision on whether to keep them closed tomorrow a

  • Hold FDC for long term, says Shenoy

    23rd November, 2004 11:27

    Sandeep Shenoy is of the view that investors should hold FDC for long term.

  • Ispat Industries spurts to 52-week high

    23rd November, 2004 11:22

    Ispat Industries has touched a 52-week high of Rs 18.67 as buying gained momentum on this counter.

  • Sensex resistance at 6050-6025 level

    23rd November, 2004 11:12

    According to analysts, the markets may correct by 100-150 points, and 6050-6025 is an important resistance level for the Sensex.

  • Dabur Pharma, a sweet pill today

    23rd November, 2004 11:10

    Dabur Pharma has shot up 7.84% to Rs 49.50 by 10:57 am on renewed buying interest.

  • Shenoy sees Cipla going up 30-35%

    23rd November, 2004 10:52

    Sandeep Shenoy is of the view that investors can see an appreciation of 30-35% in Cipla if they hold it for the medium term.

  • Nagarjuna Fertilisers scales 2-week high

    23rd November, 2004 10:43

    Nagarjuna Fertilisers and Chemicals has touched a 52-week high of Rs 15.05 on sustained buying interest.

  • Mcdowell continues to buzz on the bourses

    23rd November, 2004 10:24

    Mcdowell and Company has touched a 52-week high of Rs 116.70 on continued buying interest.

  • Excel Industries moves higher

    23rd November, 2004 10:17

    Excel Industries has vaulted 8.36% to Rs 70 on reports that the company has sold its 7.5 acre property to Oberoi Constructions for around Rs 40 crore.

  • Welspun Guj bags Rs 510 cr order, stock up

    23rd November, 2004 10:13

    Welspun Gujarat Stahl Rohren has firmed up 5.13% to Rs 43 on reports that the company has bagged a Rs 510 crore pipe supply order from Enterprise Product Partn

  • Markets up: Action in midcap shares

    23rd November, 2004 10:00

    The markets have opened on a positive note, but RIL is trading flat. Buying interest is seen in shipping, fertiliser, telecom, and cement shares.

  • Union Bank, BoI merger likely soon

    23rd November, 2004 09:46

    According to reports, the finance ministry has finalised the details of the merger between Union Bank of India and Bank of India. The swap-ratio is believed to be

  • Markets likely to consolidate: Chadha

    23rd November, 2004 09:26

    Markets should consolidate at these levels and going forward should test new highs, as valuations remain attractive, says Chadha.

  • Rupee expected to extend gains

    23rd November, 2004 09:00

    The rupee is expected to extend gains against the greenback as dollar sales by foreign institutions and exporters are likely to continue.

  • Asian markets trading higher

    23rd November, 2004 08:29

    Asian markets are trading higher on the back of positive cues from Wall Street overnight. The Tokyo stock market is closed for a national holiday.

  • Mukesh clarifies, but questions stay

    22nd November, 2004 20:28

    The Ambani family sources say there are no ownership issues as control of investment companies that hold 29% of Reliance Industries are with the Chairman.

  • Uttam Galva hopes to double capacity

    22nd November, 2004 19:06

    Uttam Galva is all set to double its capacity in the following year.

  • Tisco tops corporate reputation list

    22nd November, 2004 19:03

    Tata Steel (Tisco), Infosys and Wipro rank as the top three companies in corporate reputation conducted by Research Agency TNS India.

  • F&O markets see good volumes

    22nd November, 2004 18:34

    The F&O markets had good volumes today. The total turnover today stood at Rs 110.26 billion, compared to Rs 110.61 billion on Friday.

  • Rupee and bonds end on a strong note

    22nd November, 2004 18:25

    The rupee ended up sharply against the dollar, following greenback's losses against major rivals. Bonds closed on a strong note on hopes that the liquidity crunch

  • Reliance to move in a narrow band: Expert

    22nd November, 2004 18:11

    N Subramaniam of SBI Capital Markets, said that Reliance will move in a narrow band.

  • Rel Capital to see resistance at Rs 151

    22nd November, 2004 17:18

    Nitesh Chand, technical analyst at Sykes & Ray Equities is bullish on Reliance Capital. He sees it touching Rs 175 once it crosses a resistance of Rs 151.

  • Stoploss of Rs 1,150 advised in TCS: Gujral

    22nd November, 2004 17:16

    Ashwani Gujral is of the view that investors can hold TCS. However, a trailing stoploss of Rs 1,150 is advised.

  • Rel Energy weak below Rs 640: Expert

    22nd November, 2004 16:57

    Nitesh Chand, technical analyst at Sykes & Ray Equities says that Reliance Energy will remain weak till it stays below Rs 640.

  • Market ends flat amid volatile trade

    22nd November, 2004 16:56

    The markets bounced back from lower levels and closed with modest gains, as the Reliance group stocks recovered after Mukesh Ambani issued a clarification.

  • Analysts, cautiously optimistic in RIL

    22nd November, 2004 16:55

    Analysts are cautiously optimistic in Reliance and advice investors to wait till they get more clarity on the issue.

  • Exit Tata Teleservices, invest in MTNL: Bahl

    22nd November, 2004 16:09

    Alok Bahl is of the view that investors should switch over to MTNL from Tata Teleservices for good returns.

  • Reliance split may also be good:Expert

    22nd November, 2004 16:06

    Ajay Srivastava feels that a possible split on management in Reliance may be good in a way.

  • The Comment That Started The Storm

    22nd November, 2004 15:39

    Here's the comment to CNBC-TV18 that kicked off the storm.

  • Asian markets close lower

    22nd November, 2004 15:34

    Asian markets have closed lower. Tokyo stock market was down more than 2% amid US dollar's plunge against yen.

  • Stoploss of Rs 500-505 advised for Reliance

    22nd November, 2004 15:28

    Ashwani Gujral is of the view traders should keep a stoploss of Rs 500-505 in Reliance Industries.

  • VSNL rings in gains, top gainer on Nifty

    22nd November, 2004 15:12

    VSNL has surged 4.15% to Rs 204.60 by 2:43 pm on strong buying. It is the top gainer on the Nifty.

  • Reliance Cap rebounds as Ambani clarifies

    22nd November, 2004 15:04

    Reliance Capital has lunged up 5.37% to Rs 145.10 on renewed buying after Mukesh Ambani clarified tody that Dhirubhai settled all ownership issues within his

  • Dhirubhai settled ownership issues: Mukesh

    22nd November, 2004 15:00

    Reliance Chairman Mukesh Ambani says all ownership issues were settled by Dhirubhai during his lifetime. He adds his earlier comment was torn out of context.

  • Ind Swift Labs to hike FDI limit to 40%

    22nd November, 2004 14:44

    Ind Swift Labs' board has approved raising the company's FDI limit to 40%.

  • Succession issues come under spotlight

    22nd November, 2004 14:23

    According to legal experts, if Dhirubhai Ambani died intestate, then the question of succession and estates arises only in the case of Dhirubhai's stake in the hol

  • Navneet Publications in demand

    22nd November, 2004 14:06

    Navneet Publications has flared up 10.57% to Rs 217 by 1:28 pm on renewed buying interest.

  • Exit Shipping Corp if it breaks Rs 175: Bahl

    22nd November, 2004 12:53

    Analyst Alok Bahl feels that investors should exit Shipping Corporation if it falls below Rs 175.

  • Infosys: Book some profit at Rs 2,230

    22nd November, 2004 12:47

    Analyst Prasoon Dalal feels that investors may book some profit in Infosys at Rs 2,230.

  • Max India spurts to 52-week high

    22nd November, 2004 12:33

    Max India has touched a 52-week high of Rs 229 on sustained buying interest. At 12:06 pm the share is quoting at Rs 226, up Rs 17.90, or 8.60%.

  • Union Bank hikes deposit, housing loan rates

    22nd November, 2004 12:10

    Union Bank has hiked interest rates on deposits by 25 bps, with effect from Dec 1. Floating rates on home loans have been upped by 25 bps, and fixed rates by 50 bp

  • Mercator Lines cruises to a new high

    22nd November, 2004 12:03

    Mercator Lines hasperked up to a 52-week high of Rs 815. At 11:35 am the share is quoting at Rs 810, up Rs 53.50, or 7.07%.

  • Market off lows: RIL, tech, oil & auto weak

    22nd November, 2004 11:58

    The markets have recovered from lower levels as bargain hunters made fresh purchases. Most of the technology, oil, auto and the Reliance group stocks are down.

  • Exit Dena Bank at Rs 34, buy SBI: Bahl

    22nd November, 2004 11:45

    Analyst Alok Bahl feels that investors may exit Dena Bank at Rs 33-34, and buy SBI for good returns.

  • Sintex India soars to 52-week high

    22nd November, 2004 11:39

    Sintex India has touched a 52-week high of Rs 306.80 on continued buying support.

  • National Steel gains sheen

    22nd November, 2004 11:25

    National Steel & Agro Industries has spurted 11% to Rs 22.70 by 11:09 am on fresh buying interest.

  • Rollovers to be smooth if Nifty stays up

    22nd November, 2004 10:56

    Derivatives analysts feel that if the Nifty doesn't fall too much in the next two sessions, rollovers to the December series is likely to be high and smooth.

  • Mahindra Ugine moves higher

    22nd November, 2004 10:49

    Mahindra Ugine has surged up 6.16% at Rs 71.50 on fresh buying support. It is trading with volumes of 64,092 shares on the BSE.

  • FDC making smart moves today

    22nd November, 2004 10:37

    FDC has shot up 8.55% at Rs 56.50 on good buying interest. Huge volumes of over 69.29 lakh shares have been traded on the BSE so far.

  • Markets crash: Reliance, tech stocks down

    22nd November, 2004 10:21

    The markets have plunged led by the weakness in the Reliance group stocks and the technology shares. The Sensex slipped to an intra-day low of 5877.97.

  • HDFC hikes home loan rates by 50 bps

    22nd November, 2004 09:51

    As expected, HDFC has hiked its home loan rates - up 0.5% with the floating loan rate now at 7.5% and fixed rate at 8.25%.

  • Rupee expected to gain

    22nd November, 2004 09:17

    The rupee is expected to gain against the greenback as banks sell dollars after the latter fell against the leading currencies following statements from the US Fe

  • Markets look weak, says Gaba

    22nd November, 2004 09:04

    Markets look poised for a reaction and look weak, says Gaba.

  • Anil Ambani asks mother to settle dispute

    21st November, 2004 19:15

    Anil Ambani has empowered his mother to settle the ownership dispute.

  • No insolvency bailout likely for LIC

    10th November, 2004 10:44

    IRDA is set to turn down the sovereign guarantee offer made by the Centre to help meet the required solvency margin of LIC.

  • Govt may allow 100% FDI in pension sector

    9th November, 2004 10:31

    The fledgling pension sector may be allowed to have 100% foreign direct investment. The govt is planning to move a Cabinet note on the issue.

  • TV18 Group posts over 82% revenue growth;net profit up 193%

    30th October, 2004 18:51

    TV18 Group posts over 82% Revenue growth; Net Profit Up 193%

  • Crude prices firm in Asian trade

    20th September, 2004 11:03

    Crude prices are little changed in Asian trade, after rising to $ 45.59 on Friday, on the concern that Hurricane Ivan will cause refinery and production shutdo

  • Mid-term review to be ready by Dec: Montek

    20th September, 2004 10:22

    Deputy chairman of the Planning Commission Montek Singh Ahluwalia has strongly defended his decision to involve foreign consultants in preparing the mid-term appra

  • Stock Watch: ITC may be in for rerating

    18th September, 2004 14:52

    It's been a good week for the markets, but experts are advising caution.

  • Organised sector to touch Rs 1,000cr: Zicom

    17th September, 2004 14:54

    Zicom expects the organised market for electronic security systems to touch Rs 1,000 crore by 2007. It estimates the market to grow at around 30% per annum.

  • Brokerages like HLL, Zee Tele, Tata Metaliks

    17th September, 2004 09:28

    Brokerages are bullish on HLL, Zee Telefilms, and Tata Metaliks. But, they are negative on HCL Tech.

  • Albert David to set to manufacture oral solids & liquids

    12th August, 2004 15:31

    Albert David to set up facility to manufacture oral solids and liquids

  • CNBC Asia,TV18 1st to comply with new govt guidelines

    22nd May, 2003 18:34

    CNBC Asia Pacific and TV18 are the first to comply with new Government of India guidelines for News Channels

  • Karnataka Bans Cane Export

    20th November, 2001 10:57

    Karnataka Bans Cane Export

  • Market Watch: Sensex seen near 7500

    31st December, 2004 20:19

    The markets have ended 2004 with a bang. Analysts say, a secular bull run is in place, and expect the Sensex to hit about 7500 points in 2005, though the first two

  • India faces BoP deficit of $3.25 bn in H1

    31st December, 2004 18:47

    Driven by a surge in import payments for crude oil, petroleum products and merchandise, India's balance of payments saw a deficit of $3.25 billion on the curre

  • Oil mills in Gujarat feel earnings squeeze

    31st December, 2004 18:30

    Almost half of the total oil mills in the Saurashtra region have downed shutters due to pressure on earnings. The farmers too are complaining about the price of th

  • Source code theft may blight BPO bubble

    31st December, 2004 17:43

    Outsorcing is the modern-day golden goose. Who is trying to kill it?

  • Buy Hero Honda for long term: Jain

    31st December, 2004 17:10

    Nirmal Jain, Managing Director at 5paise India Infoline is bullish on Hero Honda. Jain said investors may buy the stock for the long term.

  • Hold Tourism Finance, says Bhushan

    31st December, 2004 16:39

    Vijay Bhushan is of the view that investors should continue to hold Tourism Finance.

  • Don't enter Petronet LNG: Bhushan

    31st December, 2004 16:17

    Vijay Bhushan is of the view that investors should not enter Petronet LNG at present.

  • January series starts with good volumes

    31st December, 2004 16:09

    The first day of F&O trade in the January series was marked by healthy volumes.

  • Sell Madras Fertilisers now, says Bhushan

    31st December, 2004 15:55

    Vijay Bhushan is of the view that investors should sell Madras Fertilisers at current levels.

  • Bonds and rupee end on a firm note

    31st December, 2004 15:46

    The rupee ended strong. It touched a nine-month high today on the back of a rise in several Asian currencies. Bonds rose after inflation fell to 6.5%. It fell on a

  • SBI on acquisition path in 2005

    31st December, 2004 15:35

    SBI has got into a consolidation mode and announced that 2005 will see at least one domestic acquisition and several takeovers of Asian and African banks.

  • Hold IPCL, may touch Rs 200: Bhambwani

    31st December, 2004 15:05

    Vijay Bhambwani is of the view that investors should hold IPCL. They may see a level of Rs 195-200 in the stock by budget time.

  • Buy BPCL, HPCL, IOC: Bhambwani

    31st December, 2004 14:50

    Vijay Bhambwani is of the view that investors can buy BPCL, HPCL and IOC.

  • Emami among major gainers

    31st December, 2004 14:48

    Emami has touched an intraday high of Rs 97.65. At 2:34 pm the share is quoting at Rs 97, up Rs 8.20, or 9.23%.

  • UCO Bank hits a 52-week high

    31st December, 2004 14:46

    UCO Bank has touched a 52-week high of Rs 37.80. At 2:32 pm the share is quoting at Rs 36.80, up Rs 3.65, or 11.01%.

  • Baffin Engineering acquires Uniword Telecom

    31st December, 2004 14:40

    Baffin Engineering Projects Ltd, BEPL, has acquired 91.4% stake in a leading telecom equipment manufacturing and contract manufacturing services company, Uniword T

  • Prado: Beauty and the beast under the hood

    31st December, 2004 14:14

    India is going to see more of this SUV's smooth and efficient drive.

  • Only buyers in Eicher, stock up 10%

    31st December, 2004 14:09

    Eicher has hit the 10% upper circuit with pending buy orders of 59,242 shares, with no sellers available.

  • Hold Abhishek with stoploss of Rs 31:Analyst

    31st December, 2004 14:01

    Vijay Bhambwani is of the view that investors should hold Abhishek Industries with a stoploss of Rs 31. The stock can go upto Rs 44-45.

  • Stoploss of Rs 80 advised in Bongaigaon Ref

    31st December, 2004 13:17

    Vijay Bhambwani is of the view that investors should keep a stoploss of Rs 80 in Bongaigaon Refineries. They could target Rs 125-130 in the stock.

  • Buy Micro Inks with stoploss of Rs 640

    31st December, 2004 12:41

    Vijay Bhambwani is of the view that investors can buy Micro Inks. However, a stoploss of Rs 640 is advised.

  • LML is in a beginning of an uptrend: Sukhani

    31st December, 2004 12:33

    According to technical analyst, Sudarshan Sukhani, LML is showing just a beginning of an uptrend.

  • HCL Tech has strong support at Rs 320

    31st December, 2004 12:28

    According to technical analyst, E Mathew, HCL Technologies has strong support at around Rs 320 region. He expects the stock to meet resistance at higher levels.

  • Mathew bullish on ACC, GACL, Orient Paper

    31st December, 2004 12:21

    Technical analyst, E Mathew is bullish on ACC, Gujarat Ambuja Cement, and Orient Paper.

  • Infosys has strong support at Rs 1990

    31st December, 2004 12:14

    According to technical analyst, E Mathew, Infosys has strong support at around the Rs 1990 level.

  • ABN AMRO AMC bullish for 2005

    31st December, 2004 12:12

    Banking, engineering construction, capital goods, autos and comodities are the stuff to watch for according to Mihir Vora, VP- Head, Equities of ABN Amro AMC.

  • Kinetic Motor drives ahead

    31st December, 2004 12:04

    Kinetic Motor has touched an intraday high of Rs 46.80. At 11:52 am the share is quoting at Rs 45.30, up Rs 5.25, or 13.11%

  • Only buyers in Motherson Sumi, stock up

    31st December, 2004 12:00

    Motherson Sumi is locked at the 20% upper circuit with pending buy orders of 86,281 shares, and no sellers available.

  • Mahadevan bullish on Alphageo India

    31st December, 2004 11:57

    Analyst Kartik Mahadevan of Cholamandalam Securities is bullish on Alphageo India, and says the stock is a prime pick in the oil exploration space.

  • Markets attractively priced: UTI Securities

    31st December, 2004 11:55

    Nipa Ladiwalla of UTI Securities says the markets are attractively priced at current levels. UTI Securities is bullish on cement, banking, pharma, FMCG, and on inf

  • Nalco, Tisco will outperform: Pujara

    31st December, 2004 11:36

    Derivatives analyst Kashyap Pujara picks Nalco and Tisco as outperformers in the metal pack. Hindalco will also do well, he said.

  • TCS, Infy, Satyam to rally: Pujara

    31st December, 2004 11:22

    Derivatives analyst Kashyap Pujara is bullish on technology. He sees an upside in TCS, Infosys and Satyam.

  • Buy Nalco, Dr Reddy's futures: Pujara

    31st December, 2004 11:13

    Derivatives analyst Kashyap Pujara picks Nalco and Dr Reddy's Laboratories futures in the new year.

  • Geodesic hits 10% upper circuit

    31st December, 2004 11:08

    Geodesic has hit a 10% upper circuit with pending buy orders of 6,405 shares, with no sellers available.

  • ONGC ties up with Russia's Stochinsky

    31st December, 2004 11:04

    ONGC has tied up with the Stochinsky Institute of Russia, a global leader in UCG technology.

  • Buy Infosys around Rs 1,990: Bhambwani

    31st December, 2004 10:56

    Vijay Bhambwani is of the view that investors can enter Infosys if it comes near to Rs 1,990. But they should keep a stoploss of Rs 1,950 in the stock.

  • LML revs up, UK investor to pick stake

    31st December, 2004 10:54

    LML has touched an intraday high of Rs 51.65 and an intraday low of Rs 46. At 10:50 am the share is quoting at Rs 50, up Rs 5.65, or 12.74%

  • Hold Tata Teleservices, may touch Rs 50: Lal

    31st December, 2004 10:43

    Javeri Lal is of the view that investors should hold Tata Teleservices. The stock can go upto Rs 50 in a year.

  • Buy Ashok Leyland at Rs 24-25, says Lal

    31st December, 2004 10:31

    Javeri Lal is of the view that investors can invest in Ashok Leyland at Rs 24-25.

  • Videocon to take over Philips facility

    31st December, 2004 10:15

    The Indian electronics manufacturer has decided to buy the Taratala plant from Philips. The Indian arm of the Dutch MNC had closed the factory due to viablility co

  • Dwarikesh Sugar lists at Rs 105.30 on BSE

    31st December, 2004 09:56

    Dwarikesh Sugar has made a stunning debut. It listed at Rs 105.30 on the BSE. It came out with an IPO on November 29, priced at Rs 65, at a premium of Rs 55.

  • Glenmark Pharma in good health

    31st December, 2004 09:54

    Glenmark Pharma has touched a 52-week high of Rs 484.40. At 9:59 am the share is quoting at Rs 478, up Rs 37.60, or 8.54%.

  • Sibal blames US firm for false tsunami alarm

    31st December, 2004 09:46

    The Home Ministry called off the tsunami warning it issued yesterday, saying that the alert had been sounded on the basis of predictions by US firm Terra Research.

  • Market may see short term correction: Rajan

    31st December, 2004 09:22

    Thursday’s slide is likely to culminate into a short term correction should the Sensex trade below 6450 today, says Rajan.

  • Inflation to ease to 6.61% : Poll

    31st December, 2004 09:12

    A poll conducted by Crisil MarketWire expects the inflation rate for the week ended December 18 to come down to 6.61%.

  • Tsunami death toll rises above 118,000

    31st December, 2004 09:02

    The death toll from the earthquake-tsunami catastrophe has soared to over 118,000 and donations from all over the world have reached around $500mn.

  • Crude falls again on profit-taking

    31st December, 2004 08:53

    Crude oil in New York fell on speculation that Wednesday's rally was an overreaction to terrorist attacks in Saudi Arabia.

  • US markets close weak

    31st December, 2004 08:29

    US stocks closed weak on profit taking. The Dow was down 29 points at 10,800.

  • AI's plans for 2005 get affected

    30th December, 2004 20:55

    As Air India plans its first big expansion in ten years, its facing a problem of non-availability of aircrafts on lease.

  • Buy Nalco at Rs 155, Hindalco on 10-15% dip

    30th December, 2004 16:53

    Rajen Shah is of the view that investors can invest in Nalco at Rs 155-160 and Hindalco on a 10-15% dip.

  • Markets slip, may correct further: Analysts

    30th December, 2004 16:42

    After crossing 6600, the Sensex dropped almost 100 points after the government issued fresh warnings saying there was a likelihood of another tsunami. It finally c

  • Ordinance issued for pension fund watchdog

    30th December, 2004 16:39

    An ordinance has been issued for setting up the Pension Fund Regulatory and Development Authority.

  • Bharati Shipyard closes at Rs 129 35 on BSE

    30th December, 2004 16:29

    Bharati Shipyard closed at Rs 129.35 on the BSE. The share opened at Rs 130 on the BSE, a 97% premium to the issue price of Rs 66 per share.

  • Huge volumes, healthy rollover to Jan series

    30th December, 2004 16:19

    The F&O segment of the market saw huge volumes and healthy rollovers to the January series on the day of settlement of December contracts.

  • Book part profit in Automotive Axles: Shah

    30th December, 2004 16:04

    Rajen Shah is of the view that investors can book part profit in Automotive Axles at current levels.

  • Markets end lower amid volatile trade

    30th December, 2004 15:48

    The markets declined as several stocks corrected amid fears of fresh tsunami alerts. The technology, auto, and FMCG stocks declined but select bank and metal stock

  • Gujarat govt high on Vibrant Gujarat 2005

    30th December, 2004 15:27

    Gujurat government bosses are globe trotting in their bid to attract foreign investment to make the forthcoming global investors summit 'Vibrant Gujarat 2005' a su

  • SCI in troubled waters

    30th December, 2004 15:17

    SCI has touched an intraday high of Rs 177.35 and an intraday low of Rs 169.70. At 3:05 pm the share is quoting at Rs 169.70, down Rs 6.30, or 3.58%.

  • Book profit in Neyveli Lignite at Rs 85-90

    30th December, 2004 15:04

    Rajen Shah is of the view that investors should exit Neyveli Lignite at Rs 85-90.

  • Karnataka Bank gains ground

    30th December, 2004 14:54

    Karnataka Bank has touched an intraday high of Rs 219 and an intraday low of Rs 192.70. At 2:54 pm the share is quoting at Rs 210.30, up Rs 19.75, or 10.36%.

  • Only buyers in Emami, stock up 10%

    30th December, 2004 14:52

    Emami is locked on the 10% upper circuit. There were pending buy orders of 4,898 shares, with no sellers available.

  • Geodesic locked on the 10% upper circuit

    30th December, 2004 14:38

    Geodesic is locked on the 10% upper circuit with pending buy orders of 9,469 shares, with no sellers available.

  • Allahabad Bank hunting for southern banks

    30th December, 2004 14:29

    Allahabad Bank is exploring synergies with other banks in southern and western India, but has not zeroed in on any potential target to merge with. The bank will fi

  • Gold at two-week low, further fall likely

    30th December, 2004 14:16

    Multiple factors dragged gold and silver prices down to unprecedented lows, testing support levels in world markets.

  • Coffee World opens first outlet in Bangalore

    30th December, 2004 13:59

    Launched by the promoters of Pizza Corner, international coffee chain Coffee World has opened its first outlet in Bangalore in India.

  • Reliance top held stock by MFs in Nov

    30th December, 2004 13:45

    The list of mutual fund favorites remained almost static in November. Reliance was the top held stocks while the funds voted next for Infosys.

  • Sensex may hit 7200 next year: Kotak Sec

    30th December, 2004 13:43

    A study by Kotak Securities shows a boom in banking, auto, midcap, commodities and retail sectors. Foreign funds worth Around $ 12 billion is expected to be pu

  • Sensex may hit 7200 next year: Kotak Sec

    30th December, 2004 13:05

    A study by Kotak Securities shows a boom in banking, auto, midcap, commodities and retail sectors. Foreign funds worth Around $ 12 billion is expected to be pu

  • Hindalco looks good among metals: Expert

    30th December, 2004 12:54

    Analysts see firm-to-rising global prices of metals boding well for Indian companies. Specifically, metals analyst Jigar Mistryis bullish on Hindalco.

  • Mistry bullish on Hindalco, target Rs 1700

    30th December, 2004 12:44

    Jigar Mistry, metals analyst at Prabhudas Lilladher is bullish on Hindalco, and retains a buy with a price target of Rs 1700.

  • Only buyers in Pantaloon Textiles, stock up

    30th December, 2004 12:29

    Pantaloon Textile Industries is locked at the 10% upper circuit on sustained buying interest.

  • Tata Teleservice target should be Rs 36:Gaba

    30th December, 2004 12:14

    According to technical analyst, Prakash Gaba, Tata Telerservice is looking interesting.

  • Tamil Nadu, Andaman Nicobar on high alert

    30th December, 2004 12:12

    Fresh tsunami alerts have been issued in TN, and Andaman & Nicobar islands. All flights to Car Nicobar have been stopped, and Chennai is on high alert.

  • Lumax Auto zooms to a new high

    30th December, 2004 12:04

    Lumax Automotive Systems has zoomed to a 52-week high of Rs 73.20 on continued buying interest.

  • Tsunami deals setback to commodity trade

    30th December, 2004 11:55

    India's commodities trade has been dealt a temporary setback as sugar, coffee and edible oil shipments entering and leaving ports in southeast India have been hamp

  • Gaba bullish on Neyveli, Pritish Nandy, HLL

    30th December, 2004 11:47

    Technical analyst, Prakash Gaba, is positive on Neyveli Lignite, Hindustan Lever and Pritish Nandy Communications.

  • Ranbaxy has crucial support at Rs 1,235

    30th December, 2004 11:40

    According to technical analyst, Prakash Gaba, Ranbaxy has a very crucial support area at Rs 1,235 and if it holds and sustains from here then it will go up.

  • Gaba cautious on the banking sector

    30th December, 2004 11:33

    Technical analyst, Prakash Gaba, is cautious on the banking sector.

  • Dhampur Sugar Mills in demand

    30th December, 2004 11:19

    Dhampur Sugar Mills has lunged up 5.14% to Rs 82.80 by 11:15 am on fresh buying.

  • ICICI sponsored issue at $ 19 per ADR

    30th December, 2004 11:01

    ICICI Bank has indicated that the offer price for it's proposed sponsored issue of American Depositary Receipts will be $ 19.60, for each ADR.

  • Only buyers in Glenmark, stock at a high

    30th December, 2004 10:55

    Glenmark Pharma is frozen at the 10% upper circuit on renewed buying interest.

  • Bharati Shipyard closes at Rs 129.35 on BSE

    30th December, 2004 10:47

    Bharati Shipyard debuted at the bourses today. The management expects sales to increase by 50%-60% in FY06 and better performance on the margins.

  • More FDI in pvt banks soon, stocks spurt

    30th December, 2004 10:41

    Private sector banks have flared up after FM said the roadmap for allowing foreign banks to acquire up to 74% equity in Indian private banks will be unveiled soon.

  • Hold ICICI Bank with target of Rs 475: Shah

    30th December, 2004 10:30

    Gaurang Shah is of the view that ICICI Bank can touch Rs 475 if it goes above Rs 360. Investors should hold the stock.

  • Hindustan Construction flares to new high

    30th December, 2004 10:16

    Hindustan Construction Company has firmed up to a 52-week high of Rs 360 on sustained buying interest.

  • Bharati Shipyard debuts at Rs 130 on BSE

    30th December, 2004 10:10

    Bharati Shipyard debuts at Rs 130 on the BSE, a 97% premium to the issue price of Rs 66 per share and at Rs 121.05 on the NSE a premium of 83%.

  • Enter banking stocks on correction: Shah

    30th December, 2004 10:02

    Gaurang Shah is of the view that investors can buy banking stocks on a correction.

  • PM on tour of Tsunami-hit areas, islands

    30th December, 2004 09:56

    Dr Manmohan Singh has started his two-day tour of the ravaged areas of the south. He is expected to visit the Emerald Islands on a damage assessment tour.

  • FIIs can buy upto 74% in Amtek, stock up

    30th December, 2004 09:51

    Amtek India has geared up 6.57% to Rs 280 after RBI permitted FIIs to purchase shares and convertible debentures of Amtek India upto 74% of its paid-up capital.

  • Bharati Shipyard debuts with a bang

    30th December, 2004 09:44

    Bharati Shipyard debuts at Rs 130 on the BSE, a 97% premium to the issue price and at Rs 121.05 on the NSE, a 83% premium.

  • IRDA wants insurers to come clean on Ulips

    30th December, 2004 09:33

    IRDA has said that it will frame new guidelines to ensure that investment schemes do not masquerade as insurance policies.

  • Sponsors may get to bid for UTI MF

    30th December, 2004 09:21

    Government is planning to sell UTI Mutual Fund to the highest bidder among its four sponsors

  • Product patents to hurt small Indian pharma

    30th December, 2004 09:13

    In the new product patent regime, bigger pharma companies are trying to re-invent themselves, with collaborations and concentration on drug discovery, but smaller

  • Oil rises as explosions rock Riyadh

    30th December, 2004 09:05

    Crude prices rose almost $2 after explosions rocked Saudi Arabia's capital Riyadh. This raised concerns about security of oil facilities in the country.

  • Vijay Mallya unhappy with new sky poilcy

    30th December, 2004 09:00

    Owner of the UB group and Kingfisher Airlines, Vijay Mallya is considering an appeal to the Prime Minister. Kingfisher Airlines missed the bus to fly beyond SAARC

  • Firm trend in the rupee likely to continue

    30th December, 2004 08:50

    The firm trend in the rupee against the US dollar is expected to continue. The greenback's weakness against its leading rivals and Asian currencies and dollar infl

  • Death toll could surpass 100,000: Red Cross

    30th December, 2004 08:18

    The death count across Asia and Africa soared to nearly 77,000 and aid officials said it was likely to surpass 100,000.

  • Mumbai brokerages ensure compliance

    29th December, 2004 18:47

    Mumbai's brokerages are going all out to ensure compliance in the face of a soaring market and increased workload.

  • Govt confident of reining in fiscal deficit

    29th December, 2004 18:10

    The government is confident of reining in its fiscal deficit within the budgeted Rs 1.37 lakh crore or 4.4% of the budget.

  • Tax structure to be made simple: FM

    29th December, 2004 16:47

    Finance Minister P Chidambaram says reforms of the tax structure are linked to keeping it simple and to raise the tax-GDP ratio from the present 9% to beyond 11%.

  • Analysts bullish as markets end flat

    29th December, 2004 16:20

    The markets closed on a flat note today, and analysts say that some amount of consolidation is good for the markets.

  • Expert bullish on ACC, SBI, Guj Ambuja...

    29th December, 2004 16:15

    Technical Analyst, Salil Sharma, is bullish on Hindalco, ACC, Gujarat Ambuja, Tisco, Hero Honda and SBI in the coming days.

  • Hold Indiabulls with stoploss of Rs 74

    29th December, 2004 15:55

    VK Sharma is of the view that investors can hold Indiabulls with a stoploss of Rs 74.

  • Rupee gains while bonds weaken

    29th December, 2004 15:49

    Bonds ended weak but the rupee gained in strength as the dollar fell globally below 1.36 euros and the stock market surged.

  • Jyoti Structures wins Rs 780 mn order

    29th December, 2004 15:41

    Jyoti Structures has said that it has won Rs 780 million order from unlisted state-owned Power Grid Corporation of India.

  • Stoploss of Rs 165 advised for Shipping Corp

    29th December, 2004 15:32

    VK Sharma is of the view that short term investors should keep a stoploss of Rs 165 in Shipping Corporation of India.

  • Banking reforms roadmap in 3-4 days: FM

    29th December, 2004 15:24

    A roadmap for banking sector reforms will be unveiled in the next three to four days, The government is also "pretty close" to hiking foreign direct investment, FD

  • Dabur India is a good hold now: Sharma

    29th December, 2004 15:13

    VK Sharma is of the view that investors can hold Dabur India.

  • Stoploss of Rs 265 advised for Max India

    29th December, 2004 14:52

    VK Sharma is of the view that short term investors should keep a stoploss of Rs 265 in Max India.

  • Hidesign to take its wares around the globe

    29th December, 2004 14:40

    Hidesign is polishing its strategy to storm the world. Will it find arm candies?

  • Igarashi Motors revs to a new high

    29th December, 2004 14:29

    Igarashi Motors has touched a 52-week high of Rs 140.60. At 2:13 pm the share is quoting at Rs 135.60, up Rs 7.75, or 6.06%.

  • Avon Organics moves up

    29th December, 2004 14:26

    Avon Organics has touched an intraday high of Rs 59.45. At 2:10 pm the share is quoting at Rs 58.35, up Rs 4.30, or 7.96%

  • Royal Airways scales 52-week high

    29th December, 2004 14:00

    Royal Airways has touched a 52-week high of Rs 32.50. At 2:11 pm the share is quoting at Rs 31.25, up Rs 1.65, or 5.57%.

  • Archies Greetings in celebration mood

    29th December, 2004 13:58

    Archies Greetings has touched an intraday high of Rs 107.50 and an intraday low of Rs 91.25. At 1:54 pm the share is quoting at Rs 104.20, up Rs 11.30, or 12.16%.

  • Stay invested in Jayaswals Neco: Sharma

    29th December, 2004 13:52

    VK Sharma is of the view that investors can stay invested in Jayaswals Neco. The stock may go upto Rs 28.

  • Buy Hotel Leela, Indian Hotels: Mohindar

    29th December, 2004 13:02

    Dhiraj Mohindar is of the view that investors can buy Hotel Leela and Indian Hotels at current levels.

  • Expert bullish on Omax, Guj NRE, Guj Alkali

    29th December, 2004 12:33

    Technical analyst, Vijay Bhambwani, is bullish on Omax Auto, Asian Hotels, Gujarat NRE Coke and Gujarat Alkalies.

  • Ballarpur Ind soars to 52-week high

    29th December, 2004 12:24

    Ballarpur Industries has flared to a 52-week high of Rs 91.75 on fresh buying interest.

  • Pantaloon Textile locked at 10% upper limit

    29th December, 2004 12:19

    Pantaloon Textile Industries has touched a 52-week high of Rs 107.55.

  • Expert bullish on Allahabad, ICICI Bank

    29th December, 2004 12:18

    Technical analyst, Vijay Bhambwani, is bullish on Allahabad Bank, ICICI Bank, and HDFC Bank.

  • Gail plans city-specific joint ventures

    29th December, 2004 12:17

    In line with its model for inorganic growth, Gail has said that it is considering strategic JVs across the country. It has also expressed willingness to participat

  • Tata Teleservice, the best performer of 2005

    29th December, 2004 12:05

    According to technical analyst, Vijay Bhambwani, on a longer term perspective Tata Teleservice could be one of the best performers of 2005."

  • Bhambwani positive on TCS, NTPC, Tisco

    29th December, 2004 11:53

    Technical analyst, Vijay Bhambwani, is positive on Nalco, TCS, NTPC and Tisco.

  • Short positions exist in Tisco, ACC, RIL

    29th December, 2004 11:44

    According to technical analyst, Vijay Bhambwani, short positions exist in large numbers in Tisco, Tata Motors, Reliance and ACC.

  • Markets flat: Steel, auto, & telecom correct

    29th December, 2004 11:39

    The Sensex have slipped from an all-time high of 6617.15 following some correction in the auto, steel, and telecom shares. Buying interest however, is seen in the

  • Exit Amex Info Tech, buy TCS: Mohindar

    29th December, 2004 11:27

    Dhiraj Mohindar is of the view that investors should switch over to TCS from Amex Information Technologies.

  • Stoploss of Rs 38-39 advised for Caprihans

    29th December, 2004 11:08

    Dhiraj Mohindar is of the view that investors should keep a stoploss of Rs 38-39 in Caprihans. They could target Rs 55-56 in the stock in three to four months.

  • OCL India target seen at Rs 500-520: Expert

    29th December, 2004 10:54

    Dhiraj Mohindar is of the view that investors can target Rs 500-520 in OCL India in six to eight months.

  • Market slips from higher levels: Tech firm

    29th December, 2004 10:42

    The markets have slipped from higher levels following some profit taking in the auto, telecom, oil & consumer durable stocks. Technology shares however are att

  • Avoid Guj Themis; buy Ind-Swift Labs, Lupin

    29th December, 2004 10:39

    Dhiraj Mohindar is of the view that investors should avoid Gujarat Themis Biosyn and invest in Ind-Swift Labs, Lupin or Orchid Chemical.

  • Gammon India frozen at 5% upper limit

    29th December, 2004 10:26

    Gammon India is frozen at the 5% upper circuit on sustained buying interest after the company bagged a mega order in Oman.

  • Markets to be flat next month: Irani

    29th December, 2004 10:09

    According to Dinshaw Irani of SSKI & ShareKhan, one may see a flattish market going forward.

  • Asia tsunami death toll put at 63,114

    29th December, 2004 09:51

    The death toll due to the Asian tsunami has risen to 63,114, according to government and health officials.

  • Washington Times ranks Indian economy fourth

    29th December, 2004 09:47

    India has become the fourth largest economy in the world after the US, China and Japan. The Indian economy accounts for 5.7% of the world GDP.

  • IMI to set up five chemical plants in India

    29th December, 2004 09:33

    Israel Military Industries, IMI, has won an international tender to set up five chemical plants in India worth $ 140 million.

  • Ambani brothers meet KV Kamath

    29th December, 2004 09:31

    KV Kamath, MD and CEO of ICICI bank and close to the Ambanis is known to have received Mukesh and Anil. He is known to be an established reconciliatory voice betwe

  • Insurers plan earthquake pool for disasters

    29th December, 2004 09:22

    Insurers may soon feel the heat of stiff reinsurance rates or limited reinsurance cover in the coming months.

  • Gail to get 10% stake in IOC's Iran project

    29th December, 2004 09:19

    IOC will give Gail a 10% stake in a liquefaction plant that IOC plans to build in Iran.

  • Brokers bullish on RIL, Hindalco, ACC

    29th December, 2004 09:07

    Brokerage houses are bullish on Hindalco, Reliance, Datamatics Technologies and ACC.

  • Rupee to gain supported by FII inflows

    29th December, 2004 09:01

    The rupee is likely to rise against the US dollar today, supported by dollar inflows from foreign funds and a weak dollar in the global markets.

  • Asian markets trading higher

    29th December, 2004 08:53

    Asian markets are trading higher on the back of positive cues from Wall Street overnight.

  • Wall Street ends at new multiyear highs

    29th December, 2004 08:39

    US stocks moved higher on better-than-expected consumer confidence data. All three major indexes reached new multiyear highs in light holiday-week trading.

  • Aid pours in for tsunami victims

    28th December, 2004 19:21

    The world is now slowly coming to terms with the magnitude of devastation caused by the killer tsunami that rocked the south - eastern coast of India. Help is pour

  • Tata Group to invest Rs 11,000 cr in telecom

    28th December, 2004 19:14

    The Tata Group is planning to invest Rs 11,000 crore in the field of telecommunication in the next three years.

  • IA schedules 15 flights daily for relief ops

    28th December, 2004 18:43

    Starting December 29, IA plans to operate as many as 15 relief flights on a single day - 7 from Chennai and 8 from Kolkata to carry 1,785 passengers.

  • Caparo Group to set up Rs 105 cr plant

    28th December, 2004 18:20

    Caparo Group wants to set up a Rs 105 crore fasteners manufacturing plant in Rajasthan.

  • RIL not to purchase stock from promoters

    28th December, 2004 17:05

    Allaying market apprehensions of insider trading, Reliance Industries' board gave an undertaking to the Bombay Stock Exchange that the company would not purchase

  • Banking stocks still have value: Doshi

    28th December, 2004 16:25

    Analysts are upbeat on the banking sector, and say there may be a further run-up from the current levels.

  • Pak officials upbeat after talks with India

    28th December, 2004 16:12

    Top Foreign Ministry officials from Pakistan and India appeared upbeat after a landmark dialogue.

  • M Ambani sees India as world assembly line

    28th December, 2004 15:54

    According to Mukesh Ambani, end product manufacturing will migrate to India and China

  • Govt to come up with law for data protection

    28th December, 2004 15:44

    Close on the heels of amending the patent law to bring in the product patent regime, the government is all set to come out with a separate legislation for data pro

  • Expert bullish on L&T, ITC, Matrix Labs...

    28th December, 2004 15:43

    Technical analyst, Ashwani Gujral, is positive on L&T, SAIL, ITC, Matrix Labs, Nava Bharat Ferro, Glenmark in the coming days.

  • Sensex closes at all time high of 6563.48

    28th December, 2004 15:40

    The Sensex closed up 50.45 points or 0.77% at 6563.48 after touching an all-time high of 6568.57.

  • NSE futures complete 54% rollover today

    28th December, 2004 15:28

    The derivatives segment continued to log huge volumes, with healthy rollover into the January series. NSE futures witnessed over 54% rollover to the new series.

  • FM to inaugurate VAT forum on Dec 30

    28th December, 2004 15:24

    Finance Minister P Chidambaram will inaugurate a national conference on Value-Added Tax, VAT, to be held on December 30 which is being jointly organised by the Ass

  • Mobile tariffs can fall by 30% : Mittal

    28th December, 2004 15:13

    According to Sunil Mittal, CMD, Bharti Enterprises, a fall in mobile tariffs is possible if the government cuts down taxes.

  • Gujarat NRE to benefit from coke demand

    28th December, 2004 15:04

    With China stopping exports of coke and soda ash, demand is expected to rise on the back of booming user industries. Gujarat NRE Coke stands to benefit from this.

  • Rs 2000 cr loan for Tsunami relief: HUDCO

    28th December, 2004 14:55

    HUDCO has floated a special loan scheme for rehabilitation efforts in the states affected by the devastating Tsunami.

  • Present fertiliser sops unviable: Montek

    28th December, 2004 14:54

    Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia has lambasted the government for what he calls 'a totally irrational set of controls' on the fer

  • Ruchi Soya on a roll

    28th December, 2004 14:49

    Ruchi Soya Industries has touched an intraday high of Rs 119.90. At 2:51 pm the share is quoting at Rs 119.90, up Rs 16.25, or 15.68%.

  • Stay invested in Sirpur Paper Mills: Pruthi

    28th December, 2004 14:40

    Arvind Pruthi is of the view that investors should continue to hold Sirpur Paper Mills.

  • Eicher locked on the 10% upper circuit

    28th December, 2004 14:23

    Eicher is locked on the 10% upper circuit with pending buy orders of 62,789 shares, with no sellers available.

  • ICICI Bank may disburse Rs 7,000 cr

    28th December, 2004 14:19

    ICICI Bank is likely to disburse Rs 7,000 crore as agricultural lending in 2004-05, as against Rs 4,000 crore in the last fiscal.

  • Only buyers in Essar Steel, stock up 10%

    28th December, 2004 14:13

    Essar Steel is locked on the 10% upper circuit. There were pending buy orders of 330,301 shares, with no sellers available.

  • Centurion Banks to tap markets for funds

    28th December, 2004 14:00

    Centurion Bank is planning to tap the domestic markets, including foreign shores, to mop up further capital.

  • Buy Apollo Hospital, target at Rs 350-370

    28th December, 2004 13:59

    Arvind Pruthi is of the view that investors can buy Apollo Hospital. They could target Rs 350-370 in the stock in a year.

  • PNB Gilts on the move

    28th December, 2004 13:54

    PNB Gilts has touched an intraday high of Rs 23.40. At 1:59 pm the share is quoting at Rs 23, up Rs 2.60, or 12.75%.

  • NTPC is a good long term hold: Pruthi

    28th December, 2004 13:47

    Arvind Pruthi is of the view that NTPC is a good hold for the long term. The stock can touch Rs 95 in the short term.

  • Ispat Industries hits a 52-week high

    28th December, 2004 13:35

    Ispat Industries has touched a 52-week high of Rs 24.45. At 1:42 pm the share is quoting at Rs 24.15, up Rs 2.75, or 12.85%.

  • IOC to show good signal only above Rs 507

    28th December, 2004 12:44

    Indian Oil Corporation has good signals only if it stays above Rs 507, said technical analyst, Prakash Gaba.

  • India, Pak differ on gas pipeline project

    28th December, 2004 12:29

    India and Pakistan have differed over the modalities in reaching an agreement on the transnational Iran-India gas pipeline.

  • Tata Chemicals may touch Rs 225: Kumar

    28th December, 2004 12:14

    Anil Kumar is of the view that Tata Chemicals can go upto Rs 225.

  • Only buyers in Gammon post order win

    28th December, 2004 12:08

    Gammon India is frozen at 5% upper circuit after the company announced that it has bagged a mega order in Oman.

  • Go long on VSNL, Tata Teleservice: Gaba

    28th December, 2004 12:01

    Technical analyst, Prakash Gaba said that he would stay long on VSNL and Tata Teleservice.

  • Gammon India bags Rs 640 cr deal from Oman

    28th December, 2004 12:00

    Gammon India, in a joint venture with a Muscat-based company, has been awarded a contract, worth RO 56.6 million or Rs 640 crore by the government of Oman.

  • HMT ticking in gains

    28th December, 2004 11:56

    HMT has shot up 9.09% to Rs 46.80 by 12:00 pm on renewed buying interest.

  • Long-term pharma investments safe: Bankers

    28th December, 2004 11:51

    Despite pharma industry fears that the new ordincance on the product patent regime could be a lame horse, banks say that teething troubles should not scuttle long-

  • Dabur Pharma target seen at Rs 75-80

    28th December, 2004 11:49

    Anil Kumar is of the view that investors can target Rs 75-80 in Dabur Pharma in the short term.

  • Eicher locked at 10% upper limit

    28th December, 2004 11:24

    Eicher is locked at the 10% upper circuit on continued buying interest. At 11:24 am the share is quoting at Rs 100.90, up Rs 9.15, or 10%.

  • Hindustan Copper moves higher

    28th December, 2004 11:20

    Hindustan Copper has firmed up 8.32% to Rs 41 by 11:20 am on sustained buying interest.

  • Nalco can touch Rs 200-220 in short term

    28th December, 2004 11:07

    Anil Kumar is of the view that Nalco can go upto Rs 200-220 in a very short term.

  • Tata Teleservices good for long term:Analyst

    28th December, 2004 11:02

    Market expert Paras Adenwalla said, Tata Teleservices looks to be a good stock for the long-term.

  • Investors can buy HEG, says Kumar

    28th December, 2004 10:57

    Anil Kumar is of the view that investors can enter HEG at current levels.

  • Analyst bullish on ONGC, Tisco, ACC

    28th December, 2004 10:51

    Derivatives analyst Ashok Mittal of SSKI & Sharekhan is bullish on ONGC, Tisco, and ACC.

  • Stoploss of Rs 24 advised in Essar Oil

    28th December, 2004 10:43

    Hormuz Maloo is of the view that investors can hold Essar Oil. However, a stoploss of Rs 24 is advised.

  • Hold ING Vysya Bank, buy if dips to Rs 430

    28th December, 2004 10:31

    Hormuz Maloo is of the view that investors can hold ING Vysya Bank with a stoploss of Rs 425. They could buy more stock if it comes down to Rs 430.

  • F&O data suggests no cause for concern

    28th December, 2004 10:27

    Healthy rollovers, high put-call ratios, and buildup of open interest in the January series indicates that there is no cause for worry, says analyst.

  • Hindustan Motors in top gear

    28th December, 2004 10:08

    Hindustan Motors has geared up 5.87% to Rs 20.75 by 10:12 am on continued buying support.

  • HFCL locked at 10% upper circuit

    28th December, 2004 10:04

    HFCL is locked at the 10% upper limit of the circuit breaker on sustained buying interest.

  • Tata Teleservices hits a new high

    28th December, 2004 09:57

    Tata Teleservices (Maharashtra) has shot to a 52-week high of Rs 34.25. At 10:02 am the share is quoting at Rs 33.65, up Rs 2.65, or 8.55%.

  • China bans powerful rat poison

    28th December, 2004 09:43

    Dushuqiang, or tetramine, has been declared a banned substance after a sustained campaign saw human casualties due to it come down significantly. The chemical, use

  • Ins brokers prepare for free-price regime

    28th December, 2004 09:25

    Insurance broking in India is expected to gather momentum with the insurance market getting de-tariffed over the next couple of years.

  • Markets likely to go up: Malkani

    28th December, 2004 09:07

    The markets should continue to inch up from these levels, says Malkani.

  • Banks to hike margins for advances: RBI

    28th December, 2004 08:52

    The apex bank has decided to revoke a May 2004 order which had brought down margins for advances against shares. Bankers say, the RBI is trying to protect banks in

  • Rupee likely to remain in a narrow band

    28th December, 2004 08:43

    The rupee is likely to remain in a narrow band against the US dollar today. Some banks are likely to accumulate dollars to meet anticipated demand from importers.

  • Fresh Tremors hit Andaman & Nicobar

    28th December, 2004 08:30

    Aftershocks continued to rattle the Andaman and Nicobar islands far off India's eastern coast, as authorities rushed drinking water, food and medicines to thousand

  • BoM to acquire 9% stake in Global Trade

    27th December, 2004 20:55

    Reserve Bank of India has approved Bank of Maharashtra's decision to acquire 9% stake in Global Trade Finance by buying its 40.5 crore shares for an aggregate amou

  • Chennai Port loss may cross Rs 20 cr

    27th December, 2004 19:47

    The financial losses to the Chennai Port due to the lethal tidal waves, that stuck the coastal regions, could cross Rs 20 crore.

  • FM sees upsurge in investment post Budget

    27th December, 2004 19:14

    According to the Finance Minister the complex tax structures in petroleum, textiles, sugar and telecom will be simplified in the Budget.

  • Apollo Hospitals extends free medical aid

    27th December, 2004 18:12

    Apollo Hospitals said it has extended free medical assistance and other healthcare services to Tamil Nadu, Andhra Pradesh and Sri Lanka.

  • Warburg picks up 2.75% in Kotak Bank

    27th December, 2004 16:45

    Warburg Pincus International is set to invest Rs 75.90 crore for picking up 2.75% in Kotak Mahindra Bank, which has also decided to increase its FII holding limit

  • RIL sets up corp governance committee

    27th December, 2004 16:21

    Reliance Industries board of directors have decided on a 3-member corporate governance committee. Markets, analysts though sceptical about the buyback

  • Sensex off all-time highs, closes subdued

    27th December, 2004 16:00

    The markets touched an all time high at 6566 during the day, but finally closed up 14.97 points, or 0.23% at 6513.03. The Nifty closed flat, at 2062.60, down 0.10

  • Refineries on south-east coast operating

    27th December, 2004 15:54

    Refineries along India's south-east coast - which bore the brunt of Sunday's tidal waves - are operating normally.

  • Killer Tsunami strikes the rupee down

    27th December, 2004 15:45

    Bonds end strong while the rupee is marginally lower after the killer Tsunami struck South India claiming over 3,000 lives.

  • RIL board sticks with current structure

    27th December, 2004 15:44

    Reliance Industries board has said that the current structure of the company should stay and has suggested a panel to be set up to oversee corporate governance iss

  • No merger with BoB: Dena Bank CMD

    27th December, 2004 15:38

    The management of Dena Bank has denied that a merger with Bank of Baroda is in the offing.

  • Expert bullish on steel, oil and gas, IT...

    27th December, 2004 15:28

    Technical analyst, Sudarshan Sukhani, is bullish on tele services, steel, oil and gas, pharma, consumer, IT, and the hotel sector in the coming days.

  • Book profits in Adani Exports: Nagpal

    27th December, 2004 15:01

    Gajendra Nagpal of Unicorn Financial Intermediaries said investors should look at booking profits in Adani Exports and exit the stock.

  • Andrew Yule among major gainers

    27th December, 2004 14:58

    Andrew Yule has touched an intraday high of Rs 26.90. At 2:53 pm the share is quoting at Rs 26.15, up Rs 1.40, or 5.66%.

  • Hold NTPC, buy more: Patel

    27th December, 2004 14:54

    Market analyst Paras Patel of Karvy Stock Broking said investors may hold NTPC, and even buy more of it.

  • Samtel Colour in an uptrend: Manghnani

    27th December, 2004 14:49

    Technical analyst Anil Manghnani said Samtel Colour is in an uptrend. Manghnani advises a stoploss of Rs 90 on the stock.

  • Sell Henkel Spic at Rs 28: Manghnani

    27th December, 2004 14:38

    Technical analyst Anil Manghnani said Henkel Spic is in an uptrend, and could touch the Rs 28 levels.

  • Ashok Leyland could touch Rs 26: Analyst

    27th December, 2004 14:33

    Technical analyst Anil Manghnani said Ashok Leyland could touch Rs 25.50-26.

  • Hold Dhampur Sugar, says Manghnani

    27th December, 2004 14:27

    Technical analyst Anil Manghnani said Dhampur Sugar looks good for the medium, and long term. Investors may hold the stock.

  • Markets up: Steel & cement stocks firm

    27th December, 2004 14:16

    The markets have moved up on the back of the gains in the steel, cement, auto, and pharma stocks. Weakness however is seen in the and shipping shares.

  • Maral Overseas scales new heights

    27th December, 2004 14:09

    Maral Overseas has touched a 52-week high of Rs 49.50. At 2:04 pm the share is quoting at Rs 46.50, up Rs 4, or 9.41%.

  • Ash all set to reconquer the world

    27th December, 2004 13:49

    Aishwarya Rai speaks of her hopes and goals for the future.

  • RIL buyback enthuses market, not analysts

    27th December, 2004 13:35

    After Anil Ambani's statements this morning, analysts are cautious on the stock and are advising investors not to play on the Rs 570 buyback offer, but long-term p

  • Tisco likely to touch Rs 400: Rajan

    27th December, 2004 12:39

    Sathyan Rajan of Networth Stock Broking, would look at Rs 400 for Tisco in the near term.

  • John Band picks Geometric, Cipla, Grasim

    27th December, 2004 12:26

    Analyst John Band picks Geometric Software Solutions, Cipla and Grasim as his picks in the new year.

  • Buyback spurs interest in Reliance

    27th December, 2004 12:10

    Reliance has flared up on the back of news that the company has annouced a buyback at Rs 570 share. The share is quoting at Rs 537.15, up Rs 13.75.

  • 2005 to be better year than 2004: FM

    27th December, 2004 11:58

    Finance minister rides best industrial growth data in seven years, announces simplified tax structure for telecom and oil sectors

  • Nagarjuna Construction firms up on order win

    27th December, 2004 11:54

    Nagarjuna Construction has firmed up 3.74% to Rs 429.95 after the company received three new orders totaling Rs 955 crore from NHAI.

  • Tsunami causes mild damage: Shipping firms

    27th December, 2004 11:43

    While the shipping industry is yet to take stock of the net damage in the wake of the killer tsunami waves, initial assessments estimate a mild impact.

  • China launches next generation Internet

    27th December, 2004 11:39

    The China Education and Research Network, CERNET, claims to have taken a step towards breaking US monopoly in the web-world.

  • Rs 500 to be the base for RIL: Rajan

    27th December, 2004 11:31

    According to Sathyan Rajan of Networth Stock Broking, Rs 500 is going to be some kind of a base for Reliance going forward.