• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

You are Here :

Moneycontrol News Archive : 12 August, 2005

  • PSU banks get aggressive with marketing

    12th August, 2005 20:28

    Public sector banks are setting up backend infrastructure to meet competition. Several of them are gearing up for some aggressive thrust in retail lending.

  • Balanced funds ideal for first timers: Kumar

    12th August, 2005 19:31

    Dhirendra Kumar

  • Bonus proposal sets DCM Shriram Consolidated higher

    12th August, 2005 19:22

    Bonus proposal sets DCM Shriram Consolidated higher

  • Brokers say buy Automobile Corp of Goa

    12th August, 2005 18:27

    Broking houses are bullish on Automobile Corp of Goa, ACGL. ASK-Raymond James has initiated coverage on the company with a 'BUY rating'. It has a target price of R

  • Sensex will touch 8000 in Aug: Experts

    12th August, 2005 17:54

    Analysts are still confident that the markets will touch 8000 levels on the Sensex in August. However, they believe that this would happen on the back of the liqui

  • Investors should wait and watch: Shah

    12th August, 2005 17:42

    Gaurang Shah of Geojit Financial Services believes that the Govt's decision on crude holds the key to market behaviour in the coming week.

  • Rupee ends firm, bonds weak at close

    12th August, 2005 17:24

    The rupee closed firm at Rs 43.53 against its previous close of Rs 43.59 to the dollar. The rupee gained as foreign banks sold long dollar positions.

  • Brokers put Buy rating on ICI India

    12th August, 2005 17:12

    Broking houses are bullish on ICI India. Batlivala & Karani Securities has initiated coverage on the company with a 'Buy rating'. It has a target price of Rs 367.

  • Markets to bounce back on Tuesday: Analysts

    12th August, 2005 17:11

    The markets remained volatile today and analysts believe that investors are playing it safe and not taking risks before a three day weekend. However, a few analyst

  • ICICI eyes rural credit for growth

    12th August, 2005 16:58

    After making its mark in the retail banking space, ICICI Bank has identified its future growth engine, the rural market. ICICI aims to reach out to 600 districts i

  • Rate hike not needed: Deepak Parekh

    12th August, 2005 16:46

    HDFC chairman Deepak Parekh believes that there is no requirement to hike lending rates as of now. While, on the deposit front, rates may rise by a few basis point

  • Broker Poll: Select picks for next week

    12th August, 2005 16:45

    A host of market experts reveal their favourite picks for the next week as well as for long term apart from what startegies to follow in a volatile market to Money

  • Brokers optimistic about Dishman Pharma

    12th August, 2005 16:36

    Broking houses are bullish on Dishman Pharmaceuticals & Chemicals, DPCL. Tower Capital & Securities has recommended 'Buy rating' on the company.

  • IDFC ends at a 104% premium to issue price

    12th August, 2005 16:35

    IDFC closed up 104.56%, or Rs 35.55 at Rs 69.55 on the BSE. The stock opened at Rs 49.90 on the BSE and at Rs 60 on the NSE. It was issued at Rs 34.

  • Bhushan Steel has support at Rs 163: Gaba

    12th August, 2005 16:27

    Technical analyst, Prakash Gaba, is of the opinion that Bhushan Steel has a strong support at Rs 163.

  • Market corrects: Oil & tech down

    12th August, 2005 16:24

    The market ended the day on a weak note amid losses in oil, technology, capital goods, FMCG, media, and telecom stocks. Pharma, auto and some cement stocks however

  • Titanor Components rides chlor-alkali boom

    12th August, 2005 16:15

    Titanor Components, manufactures anodes and cathodes used by chlor-alkali industries to produce caustic soda and soda ash. Titanor Components is piggy riding on th

  • Gujarat Ambuja has target Rs 85-90: Shah

    12th August, 2005 15:52

    Gaurang Shah of Geojit Financial Services is of the view that Gujarat Ambuja Cements has a target price of Rs 85-90.

  • Don't buy Tata Motors at current level: Shah

    12th August, 2005 15:48

    Gaurang Shah of Geojit Financial Services is of the view that investors should not buy Tata Motors at current levels.

  • Shenoy is bullish on Tisco

    12th August, 2005 15:40

    Sandeep Shenoy of Pioneer Intermediaries, is of the view that Tisco looks bullish.

  • Stanchart Classic Equity debuts at Rs 10.49

    12th August, 2005 15:34

    Standard Chartered Classic Equity Fund has debuted at Rs 10.49 per unit as against a face value of Rs 10 per unit.

  • Hike in fuel price to impact sentiment: CLSA

    12th August, 2005 15:21

    CLSA believes that the hike in retail fuel prices may impact consumer sentiment in the near-term. CLSA also says that the stock markets are witnessing a re-rating

  • Book profits in Bombay Dyeing: Shenoy

    12th August, 2005 15:18

    Sandeep Shenoy of Pioneer Intermediaries, is of the view that investors must book profits in Bombay Dyeing at current levels.

  • Financial Tech trading higher

    12th August, 2005 15:17

    Financial Tech is quoting at Rs 925, up Rs 75.30, or 8.86%. At 2:59 pm, it has touched an intraday high of Rs 949 and an intraday low of Rs 850.

  • Hero Honda top gainer on the Nifty

    12th August, 2005 15:07

    Hero Honda is the top gainer on the Nifty. At 2:54 pm, the share is quoting at Rs 692 up Rs 38, or 5.81%.

  • Market rangebound: Oil & tech depressed

    12th August, 2005 14:57

    The market is trading rangebound. Buying is seen in pharma, metal, banking, and some auto stocks. But oil, technology, FMCG, and capital goods stocks are witnessin

  • Garden Silk Mills makes smart gains

    12th August, 2005 14:55

    Garden Silk Mills has touched an intraday high of Rs 67 and an intraday low of Rs 60.10. At 2:31 pm, the share is quoting at Rs 65.40, up Rs 4.10, or 6.69%.

  • Corp governance can improve Essar Steels' PE

    12th August, 2005 14:51

    According to Bhavin Chheda, Pioneer Intermediaries, once Essar Steels' corporate governance issue is answered, the stock PE rating will go up.

  • Buy JSW Steel, says Chheda.

    12th August, 2005 14:45

    Bhavin Chheda of Pioneer Intermediaries suggests buying JSW Steel.

  • Rayban Sun touches a 52-week high

    12th August, 2005 14:31

    Rayban Sun Optics has touched a 52-week high of Rs 88.90. At 2:15 pm, the share is quoting at Rs 85.60, up Rs 5.15, or 6.40%.

  • Aftek Infosys among major losers

    12th August, 2005 14:16

    Aftek Infosys is among major losers. At 1:55 pm, the share is quoting at Rs 121.70, down Rs 8.2, or 6.31%.

  • GIPCL files prospectus for public issue

    12th August, 2005 14:00

    GIPCL has filed a prospectus with Sebi for book built public issue of Rs 275 crore.

  • Sponge iron prices may rise: Monnet Ispat

    12th August, 2005 13:07

    Sandeep Jajodia of Monnet Ispat says that the iron ore prices may go up by Rs 200-Rs300 per ton. However, he believes that there would be enough margins for the sp

  • FMCG sector has momentum: Analysts

    12th August, 2005 13:05

    Analysts believe that the FMCG sector is showing momentum at this point and they are bullish on stocks like Tata Tea and Hindustan Lever from this sector.

  • Sail top loser on the Nifty

    12th August, 2005 12:52

    Sail is the top loser on the Nifty. At 12:45 pm, the share is quoting at Rs 62.35 down Rs 2.25, or 3.48%.

  • NELCO makes smart gains

    12th August, 2005 12:42

    NELCO has gained further. At 12:25 pm, the share is quoting at Rs 76, up Rs 3.40, or 4.68%.

  • Frontline pharma not attractive: Experts

    12th August, 2005 12:34

    While the pharma sector did show a positive trend yesterday, analysts remain positive only on selective stocks in the sector and believe that it is not a very shor

  • Sensex becomes bearish below 7781

    12th August, 2005 12:28

    The Sensex becomes bearish below 7781. The minor support exists at 7754 and major support exists at 7737 and 7710.

  • Long term outlook looks good: Shah

    12th August, 2005 12:23

    Nilesh Shah of Prudential ICICI thinks that the long term outlook of Indian markets look good and there are enough material to remain bullish.

  • HMT has been sporadic mover, says Mohoni

    12th August, 2005 12:20

    Technical Analyst, Deepak Mohoni, is of the view that HMT has been a sporadic mover.

  • Note on oil prices finalised: Oil Ministry

    12th August, 2005 12:12

    The Oil Ministry has finalised the Cabinet note on fuel prices. The Ministry has proposed a Rs 1.50 increase in petrol prices and a Rs 2.50 increase in diesel pric

  • Varun Shipping can move up: Mohoni

    12th August, 2005 12:09

    Technical Analyst, Deepak Mohoni, is of the view that Varun Shipping can move up.

  • Prism Cement makes smart moves

    12th August, 2005 11:58

    Prism Cement has touched an intraday high of Rs 23.20 and an intraday low of Rs 21.45. At 11:43 am, the share is quoting at Rs 23.10, up Rs 1.50, or 6.94%.

  • Goswami bullish on Shree Cement, JK Corp

    12th August, 2005 11:57

    Jaideep Goswami, HDFC Securities, is bullish on north Indian cement companies like Shree Cement, Jaiprakash Associates and JK Corporation.

  • DCM locked at 5% upper circuit

    12th August, 2005 11:51

    DCM is locked at 5% upper circuit. At 11:33 am, the share is quoting at Rs 93.90, up Rs 4.45. There were pending buy orders of 15,604 shares, with no sellers avail

  • Rashtriya Chem up on large volumes

    12th August, 2005 11:44

    Rashtriya Chem is trading with volumes of 6,66,096 shares. At 11:29 am, the share is quoting at Rs 41, up Rs 2.35, or 6.08%.

  • Markets choppy: Tech & capital goods down

    12th August, 2005 11:38

    The market is witnessing volatile trade. Technology, capital goods, oil, FMCG, auto and telecom stocks are witnessing selling pressure. But pharma, banking and som

  • IDFC future very positive: Haldea

    12th August, 2005 11:37

    Infrastructure Development and Finance Corporation Limited, IDFC, got listed today. Managing Director of Prime Database, Prithvi Haldea says that IDFC might see a

  • Pricing to be constant: Infosys

    12th August, 2005 11:35

    Narayana Murthy says total spend on technology will also remain constant. He added that Infosys will be as efficient after he retires too.

  • EID Parry climbs higher

    12th August, 2005 11:31

    EID Parry has touched an intraday high of Rs 181.50 and an intraday low of Rs 171.65. At 11:13 am, the share is quoting at Rs 180.05, up Rs 9.75, or 5.73%.

  • Enter Tisco at Rs 375, says Goswami

    12th August, 2005 11:30

    Jaideep Goswami, HDFC Securities, is of the view that Tisco is a safer bet in steel sector. He suggests buying the stock at Rs 375 levels.

  • Hospitals to combine to curb outbreak: Bajan

    12th August, 2005 11:26

    Head of Emergency Medicine at PD Hinduja National Hospital, Dr. Khusrav Bajan says that in order to deal with this large outbreak, we need to have the Municipal, t

  • Hindalco looks good for long term: Goswami

    12th August, 2005 11:23

    Jaideep Goswami, HDFC Securities, is of the view that Hindalco Industries looks good from the long term perspective.

  • Exit South Indian Bank, says Mehta

    12th August, 2005 11:17

    Darshan Mehta of Anagram Stock Broking suggests selling South Indian Bank.

  • Wockhardt scales new heights

    12th August, 2005 11:14

    Wockhardt has touched a 52-week high of Rs 519.95. At 10:53 am, the share is quoting at Rs 517.50, up Rs 24.75, or 5.02%.

  • Usha Martin continues to gain

    12th August, 2005 11:05

    Usha Martin has touched an intraday high of Rs 146.30 and an intraday low of Rs 137. At 10:49 am, the share is quoting at Rs 145, up Rs 8.60, or 6.30%.

  • HFCL zooms to 52-week high

    12th August, 2005 10:58

    HFCL has touched a 52-week high of Rs 28.55. At 10:45 am, the share is quoting at Rs 28.25, up Rs 1.45, or 5.41%.

  • Tata Tele needs to stay at Rs 30: Expert

    12th August, 2005 10:55

    According to Technical analyst, Anil Manghnani, Tata Teleservices needs to stay at Rs 30 levels for sometime before heading for its previous high of Rs 37.

  • Balaji Telefilms has support at Rs 135

    12th August, 2005 10:46

    According to Technical analyst, Anil Manghnani, Balaji Telefilms has a good support at Rs 135. If the stock crosses this level then it can touch Rs 150.

  • Simbhaoli Sugar touches 52-week high

    12th August, 2005 10:41

    Simbhaoli Sugar has touched a 52-week high. At 10:23 am, the share is quoting at Rs 138.50, up Rs 6.70, or 5.08%.

  • Orient Paper scales a 52-week high

    12th August, 2005 10:36

    Orient Paper has touched a 52-week high of Rs 234.80. At 10:23 am, the share is quoting at Rs 231.05, up Rs 12.60, or 5.77%.

  • Hidden jewels among small and midcaps

    12th August, 2005 10:33

    The small and mid cap indices of the BSE have outperformed the Sensex gains for the past three months. Managements cleaning up their balance sheets and inclusion o

  • Rathi Udyog moves up smartly

    12th August, 2005 10:31

    Rathi Udyog has touched an intraday high of Rs 160.85 and an intraday low of Rs 152.30. At 10:13 am, the share is quoting at Rs 156, up Rs 9.75, or 6.67%.

  • US stocks end higher, Dow up 91 points

    12th August, 2005 10:23

    US stocks end higher as investors put aside concerns about rising oil prices yesterday, helping the market to a late day rally focused on generally positive econom

  • Above Rs 90-95, India Cements can hit Rs 120

    12th August, 2005 10:19

    Technical analyst, Anil Manghnani, is of the view that if India Cements breaks the barrier of Rs 90-95 then it can go upto Rs 110-120.

  • Grasim target seen at Rs 1350: Manghnani

    12th August, 2005 10:11

    Technical analyst, Anil Manghnani, is of the view that the major target in Grasim is around Rs 1,350 levels.

  • Wockhardt eyes generics acquisition in US

    12th August, 2005 10:09

    After it missed Viatris, pharma major, Wockhardt has now trained it's acquisition guns on another big buyout in the US, Alpharma's generic business.

  • Sail can hit Rs 71 if it crosses Rs 65.50

    12th August, 2005 09:57

    Technical analyst, Anil Manghnani, is of the view that Sail can touch Rs 70-71 if it crosses Rs 65.50.

  • Inflation seen easing to 3.95%: Poll

    12th August, 2005 09:53

    Inflation for the week ending July 30, is seen at 3.95% as compared to 4.07%, according to a Crisil MarketWire poll.

  • Markets still on an uptrend: Mohoni

    12th August, 2005 09:51

    While the markets continue to remain on a uptrend, they are in sync with global markets, and the weakness in other Asian markets will have an effect on the Indian

  • HCC bags Rs 218cr order

    12th August, 2005 09:47

    HCC has bagged a Rs 218 crore order from the Indian Railways.

  • Markets may take a breather: Bansal

    12th August, 2005 09:37

    The markets may take a breather at current levels after witnessing a sustained rally. The trend is expected to remain that of caution and stock specific action.

  • Mangal Pandey should do well: Shetty

    12th August, 2005 09:31

    Founder Promoter of Adlabs, Manmohan Shetty thinks that Mangal Pandey-The Rising, should do well.

  • HT IPO price fixed at upper band of Rs 530

    12th August, 2005 09:22

    HT Media IPO price has been fixed at upper band of Rs 530. The issue was subscribed 21 times.

  • ONGC, MPT to build helipads in Mumbai

    12th August, 2005 09:19

    Mumbai could soon get a couple of brand new helipads, thanks to ONGC and the Mumbai Port Trust. This comes in the wake of the breakdown of the Juhu helipad during

  • Gold may correct today, says Nair

    12th August, 2005 09:12

    Gold looks bullish in the long term, but may correct today. I would suggest selling MCX October Futures at Rs 6,350 per 10 gram, says Nair.

  • Sensex will move to 8064 if ends above 7844

    12th August, 2005 09:07

    The Sensex tested the level of 7844. On further sustained rise and a close above 7844, the Sensex will move towards 8064.

  • F&O cues:Nifty Fut ends at par with cash mkt

    12th August, 2005 08:57

    F&O cues: The Nifty Futures basis closed at par with cash market. The volumes were picked up. The turnover was more than Rs 18,257 crore.

  • Market cues: FIIs net sell $22.60 mn on Wed

    12th August, 2005 08:48

    Market cues: FIIs net sell $22.60 million while MFs net buy Rs 189.43 crore on Wednesday.

  • Crude near record high at $ 66.05/bbl

    12th August, 2005 08:40

    Crude is trading near a record, at USD66.05 today. Gasoline and heating oil have set all-time highs, after a fire at Sunoco Inc pipeline raised concerns, that US r

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login