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Moneycontrol News Archive : 15 April, 2005

  • Stocks to watch: TV18, SBI, ONGC, Wipro

    15th April, 2005 19:02

    Prakash Gaba looks at TV18, SBI, ONGC, Infosys, Wipro, TCS, Satyam, Ranbaxy, Cipla and Dr Reddy's.

  • Some recovery expected next week: Choksey

    15th April, 2005 17:51

    Deven Choksey of KR Choksey Securities says that by the mid next week we will see some amount of recovery coming into the market.

  • Spooked markets ignored positives: SK Mitra

    15th April, 2005 17:25

    S K Mitra of the A V Birla Group says, the market over-reacted downward today. The overall positives have not disappeared, he says.

  • Weakness in market to continue: Kapoor

    15th April, 2005 16:50

    Vibhav Kapoor of IL&FS feels that the market will continue to be weak.

  • Rupee slides on Sensex crash despite inflows

    15th April, 2005 16:41

    The rupee closed down, on the back of the Sensex slipping more than 200 points today, though there were increased dollar inflows. Gilt prices are down, but have tr

  • Keep stoploss of Rs 350 in Subex Systems

    15th April, 2005 16:31

    Vidur Pendharkar suggests keeping a stoploss of Rs 350 levels in Subex Systems .

  • Dwarikesh Sugar to maintain strong margins

    15th April, 2005 16:04

    Dwarikesh Sugar is confident of maintaining its strong margin expansions and hopes for an even better showing on the revenues and profit front, going ahead.

  • Kale Consultants may hit Rs 135: Pendharkar

    15th April, 2005 15:57

    Technical analyst Vidur Pendharkar, is of the view that if investors keep an optimistic approach then the stock might reach Rs 135 levels in a year's time.

  • Not afraid of holding Infosys: Vijay

    15th April, 2005 15:31

    Investment advisor, P N Vijay, is defiant that he's not going to sell Infosys after the announcement of disappointing guidance.

  • Markets fell on high valuations: P N Vijay

    15th April, 2005 15:25

    Investment advisor P N Vijay says that the macro factors are falling into place, but investors feel Indian stocks are overvalued and this is driving the markets do

  • Exit Satyam if it breaks Rs 385, says Gaba

    15th April, 2005 14:51

    Prakash Gaba is of the view that investors should exit Satyam if it breaks Rs 385.

  • Buy Zensar at lower levels: Pendharkar

    15th April, 2005 14:31

    Technical analyst, Vidur Pendharkar, feels that Zensar Technologies has a good support at Rs 170-175 for medium and long term investors. It has also broken out of

  • Crude prices likely to fall sharply: Irani

    15th April, 2005 14:23

    Jal Irani of ICICI Securities says that in the last two weeks, oil prices fell by about 12%. The fall is going to be escalated especially given that OPEC is on th

  • Markets not bearish yet; hold tech: Sharma

    15th April, 2005 14:07

    Shankar Sharma of First Global says that the markets are not headed for a bear phase, though a 300-500 points is possible. He advises investors to hold on to their

  • Finolex Ind net down 22.7% at Rs 27.65cr

    15th April, 2005 13:44

    Finolex Industries Q4 net profit is down 22.7% at Rs 27.65 crore from Rs 35.77 crore. Q4 sales are up 28.57% at Rs 279 crore from Rs 217 crore.

  • Exit Polaris, says Pendharkar

    15th April, 2005 13:18

    Technical analyst Vidur Pendharkar, is of the opinion that rumours of takeover, prevents Polaris from crossing Rs 175 level. He advices the investors to exit it an

  • Dwarikesh Sugar net up at Rs 11.60 cr

    15th April, 2005 12:53

    Dwarikesh Sugar has posted a net profit of Rs 11.60 crore as against a loss of Rs 1.60 crore in the second quarter.

  • BoB gets nod for issue of 7.1cr shares

    15th April, 2005 12:23

    Bank Of Baroda has got the government nod for the issue of 7.1 crore shares. Post issue, the government's stake in BoB will fall from 66.8% to 53.7%. BoB's public

  • Book profit in iGATE, says Pendharkar

    15th April, 2005 12:16

    Technical analyst, Vidur Pendharkar, suggests that as there is a downtrend in iGATE Global, the investor should book profits and re-enter the market at around Rs 2

  • Give Boeing a fair chance: Mineta

    15th April, 2005 12:08

    US Secretary of Transportation Norman Y Mineta says airlines domestically have had a very tough time financially, so most of the carriers are looking to internatio

  • Markets crash: Sensex & Nifty down 3%

    15th April, 2005 12:00

    The markets have crashed following some broadbased selling. Losses are seen in most of the technology, metal, pharma, oil, FMCG, capital goods, bank and auto stock

  • F&O Strategy on Tata Motors, Satyam

    15th April, 2005 11:53

    F&O Strategy on Tata Motors and Satyam by IL&FS Investsmart.

  • Inflation seen easing to 4.96%: Poll

    15th April, 2005 11:51

    Inflation poll for the week ended April 2 is at 4.96% vs 5.05%.

  • Looking at both Airbus & Boeing: Goyal

    15th April, 2005 11:26

    Jet Airways Chairman Naresh Goyal says that they will be guided by the economics, whatever economical sense makes. Jet is studying Airbus and Boeing and a decision

  • Bharti may divest stake in telecom arm

    15th April, 2005 11:24

    According to newswires, Sunil Bharti Mittal is open to the idea of diluting more stake in Bharti Tele Ventures to raise money for new ventures.

  • Hindalco among major losers

    15th April, 2005 11:13

    Hindalco has touched an intraday high of Rs 1,299.90 and an intraday low of Rs 1,264. At 10:53 am the share is quoting at Rs 1,267.90, down Rs 61.30, or 4.61%.

  • ABB touches a 52-week high

    15th April, 2005 11:02

    ABB has touched a 52-week high of Rs 1,345. At 10:41 am the share is quoting at Rs 1,325, up Rs 79.90, or 6.42%.

  • NDTV puts on a poor show

    15th April, 2005 10:49

    NDTV has lost 6.7% at Rs 174.10 on reports that its Managing Editor, Rajdeep Sardesai, and Director, Sameer Manchanda, have decided to part ways with the premier n

  • Wipro tumbles on selling pressure

    15th April, 2005 10:36

    Wipro is down 4.79% at Rs 615, with volumes of 51,813 shares. Most of the technology stocks have plunged over Infosys guidance.

  • Satyam among major losers

    15th April, 2005 10:25

    Satyam has touched an intraday high of Rs 400 and an intraday low of Rs 384.10. At 10:07 am the share is quoting at Rs 386, down Rs 21.55, or 5.29%.

  • Oil may fall as inventories climb

    15th April, 2005 10:14

    Oil may fall for the third week as inventories climb because of an increase in US crude and gasoline inventories.

  • Stocks in news: Infosys, REL, ABB

    15th April, 2005 09:47

    Stocks in news: Infosys, REL, ABB, iGATE, Geometric Soft, Essar Steel, Merck, IFGL, Centurion Bank, Geodesic Information Systems, Allahabad Bank, Dr Reddy, Videoco

  • F&O cues: Nifty discount widens

    15th April, 2005 09:29

    NSE F&O cues: Nifty Futures discount widens to 6.8 point in intraday trade, volumes continue to be low.

  • Asian markets witnessing a sharp fall

    15th April, 2005 09:10

    Asian stocks slid today after their US counterparts tumbled to five and a half month lows, with technology shares getting hammered.

  • Money calls: Ramkumar, Lasrado

    15th April, 2005 09:07

    The bond market is expected to be rather dull today ahead of the auction announcements, says Ramkumar.

  • US markets crash; indices touch new lows

    15th April, 2005 08:52

    The major stock indices struck fresh lows for the year as a cautious forecast from Apple Computer Inc. unsettled investors, who are growing uneasy about the econom

  • Blood on Dalal Street: Sensex tanks 219 pts

    15th April, 2005 17:57

    There was blood on Dalal street as the Sensex saw its biggest fall since May 11, 2004. The last time the Sensex fell over 200 points was on May 28 2004.

  • Higher volatility to be seen: Sreesankar

    15th April, 2005 17:50

    R Sreesankar, IL&FS Investmart says that volatility is going to be an integral part of this kind of market and on a base like this, higher volatility may be witnes

  • F&O side sees high activity on choppy waters

    15th April, 2005 16:56

    There was huge volatility in the F&O segment today, even as the Sensex crashed by 233 points, the largest since the May 28, 2004, slump. Volumes have improved, how

  • Markets should bounce back soon: Damani

    15th April, 2005 16:46

    Market expert, Ramesh Damani says that the market lows are worrying, but markets should bounce back in a while.

  • 80HHC cases in abeyance till June 30: CBDT

    15th April, 2005 16:35

    The Central Board of Direct Taxes has said that all 80HHC cases will be kept in abeyance till 30th June.

  • No worry in Infy beyond near term: Shah

    15th April, 2005 16:12

    Apurva Shah of ASK Raymond James says that looking beyond the near term there should not be any serious worry in Infosys as far as medium to long term investors

  • Sensex ends below 6250; Nifty tests 1950

    15th April, 2005 16:01

    The markets crashed following a sharp fall in the technology, metal, bank, and oil stocks. This is the biggest fall since May 11, 2004.

  • Long term looks scary: Malkani

    15th April, 2005 15:55

    Jagdish Malkani, NSE member is pessimistic about the market action in the long term.

  • Stoploss of Rs 60 advised in MSK Projects

    15th April, 2005 15:27

    Prakash Gaba is of the view that investors should keep a stoploss of Rs 60 in MSK Projects.

  • Television Eighteen among major gainers

    15th April, 2005 15:20

    With the news of plans on expanding its business network, Television Eighteen has touched a 52-week high of Rs 257.80. It is trading with volumes of 3,41,646 share

  • ONGC hopes for subsidy reduction in FY06

    15th April, 2005 14:36

    ONGC is likely to see an outperformance in its FY05 results, say sources. There is talk of a reduction in subsidy burden, but there has still been no notification

  • Markets tumble on selling pressure

    15th April, 2005 14:25

    The markets continue to witness selling pressure across the board. Most of the technology, metal, and bank stocks are being hammered.

  • Rs 510 level critical for Geometric Software

    15th April, 2005 14:09

    Technical analyst Vidur Pendharkar says, Rs 508-510 is a critical barrier for Geometric Software in the short term. If it is unable to hold above these levels then

  • Allahabad Bank fixes issue price at Rs 82

    15th April, 2005 14:04

    Allahabad Bank has fixed the issue price for its recently concluded public offer at Rs 82 per share. The issue has been oversubscribed 9.6 times.

  • Value to emerge around 6000-6100: Desai

    15th April, 2005 13:22

    Jamshed Desai of IL&FS Investsmart says that we are not yet close to the bottom in the market. The clear value will emerge around 6000-6100.

  • Hold Mastek for over a year: Pendharkar

    15th April, 2005 12:58

    Technical analyst Vidur Pendharkar, is of the view that if Mastek crosses its previous high of Rs 392 then it can definitely cross its target of Rs 500 level. He a

  • Inflation rate speeds up to 5.26%

    15th April, 2005 12:36

    Inflation rate accelerated to 5.26% in the week ended April 2 from 5.05% in the previous week.

  • Will maintain growth percentages: Aztec

    15th April, 2005 12:21

    Aztec Software is optimistic about maintaining its growth percentages, the company is in the specialised area of product engineering and life cycle management.

  • Bharat Forge board okays $100mn GDR issue

    15th April, 2005 12:11

    Bharat Forge board has okayed $100 million GDR issue and $60 million FCCB issue.

  • Poor results pull Merck down

    15th April, 2005 12:05

    Merck's poor profits has resulted in a drop its stock. At 11:25 am the share is quoting at Rs 399.95, down Rs 18.90, or 4.51%

  • US court rules against Dr Reddy's

    15th April, 2005 11:59

    US court has ruled against Dr Reddy's in Zyprexa patent case.

  • IMF compliments India on labour market

    15th April, 2005 11:53

    IMF compliments India on labour market and other reforms.

  • Its a wait and watch approach: Mehta

    15th April, 2005 11:35

    According to Dipan Mehta, it is currently a wait and watch approach for the markets.

  • Maharashtra traders to go on strike

    15th April, 2005 11:26

    Maharashtra traders to go on indefinite strike against VAT.

  • Hindustan Zinc weak today

    15th April, 2005 11:20

    Hindustan Zinc has touched an intraday high of Rs 170 and an intraday low of Rs 163. At 10:59 am the share is quoting at Rs 164.75, down Rs 10.25, or 5.86%.

  • TCS falls, follows other tech stocks

    15th April, 2005 11:05

    TCS has touched an intraday high of Rs 1,359 and an intraday low of Rs 1,326.05. At 10:47 am the share is quoting at Rs 1,338.50, down Rs 62, or 4.43%.

  • Aztec Software Q4 net up 42%

    15th April, 2005 10:59

    Aztec Soft Q4 net profit is up 42% to Rs 6.6 crore from Rs 4.65 crore, QoQ

  • Tisco witnessing selling pressure

    15th April, 2005 10:48

    Tisco has touched an intraday high of Rs 378 and an intraday low of Rs 366.50. At 10:29 am the share is quoting at Rs 367.70, down Rs 13.20, or 3.47%.

  • Sensex down over 150 points in opening trade

    15th April, 2005 10:31

    The markets opened with a big negative gap following a sharp selloff in the market. The technology shares led by Infosys have got hammered.

  • Infosys crashes after results

    15th April, 2005 10:23

    Infosys witnessed a sharp fall as the early morning trading began. At 10 am the share is trading at Rs 1967 down Rs 2099 or 7%.

  • Rupee expected to be weak today

    15th April, 2005 10:08

    Analysts expect the rupee to be weak today due to strengthening of the dollar against major currencies.

  • FBT may be reduced to 10%

    15th April, 2005 09:39

    The fringe benefit tax is likely to be reduced to 10% from 30% if, the recommendation by a Finance Ministry committee is accepted by the government.

  • Market cues: FIIs net sell $24.90 mn on Tues

    15th April, 2005 09:20

    FIIs net sell $24.90 million on Tuesday and MFs net buy Rs 57.29 crore on Tuesday.

  • Gold prices likely to remain the same

    15th April, 2005 09:10

    Gold prices are likely to remain in a range of $422-430/oz, as the market awaits cues from tonight's US capital inflows and consumer sentiment data, says Chich

  • Equity calls: Chakraborty, Mohoni, Choudhury

    15th April, 2005 09:00

    The broader markets are expected to remain extremely volatile, with results being a key trigger. Oil prices, US data and a short term bounce in the dollar are key

  • VXL Instruments hits a 52-week high

    15th April, 2005 02:50

    VXL Instruments has touched a 52-week high of Rs 61.90. At 2:27 pm the share is quoting at Rs 58.35, up Rs 5.50, or 10.41%.

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