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Moneycontrol News Archive : 8 June, 2005

  • Watch out for MFs mis-sold by 'advisors'

    8th June, 2005 18:13

    Don't fall for a know-it-all smooth talker, when investing in mutual funds. He may be mis-selling these products to you.

  • Ashok Leyland is a good story: Malkani

    8th June, 2005 17:54

    Jagdish Malkani, member, NSE, is of the view that Ashok Leyland is a good story. At the moment it has run up a little too fast, he says.

  • NTPC, a must in portfolio: Malkani

    8th June, 2005 17:36

    Jagdish Malkani, member, NSE is of the opinion that NTPC has got good prospects. It is a must in every portfolio.

  • Rupee and bonds end with gains

    8th June, 2005 17:05

    Rupee strengthened on long dollar liquidation by banks towards the end of the session. Bonds gained amid intermittent profit sales.

  • Ballarpur Ind to hit Rs 140-145: Pujara

    8th June, 2005 16:57

    Kashyap Pujara, Sushil Finance, is positive on Ballarpur Industries and expects it to touch Rs 140-145.

  • Escorts can gain above Rs 100 in futures

    8th June, 2005 16:47

    Kashyap Pujara, Sushil Finance, is of the view that Escorts can gain and trade above Rs 100 in futures. Investors should remain invested, he says.

  • Buy Titan above Rs 311, says Pujara

    8th June, 2005 16:41

    Kashyap Pujara, Sushil Finance, is of the view that investors can buy Titan Industries as long as it remains above Rs 311.

  • REL, IPCL, RIL attractive buys: Malkani

    8th June, 2005 16:30

    People are very enthused about today's market rally and according to Jagdish Malkani, excluding Reliance Capital, Reliance Energy followed by IPCL, followed by Rel

  • Support at 2100 level on Nifty: Kanchan

    8th June, 2005 16:14

    Vijay Kanchan of Prabhudas Lilladher, feels that for the near term 2100 could be a support level for the Nifty.

  • Union Bank to give profit in 1-2 yrs: Shenoy

    8th June, 2005 15:59

    Sandeep Shenoy, Pioneer Intermediaries, is of the view that Union Bank of India will definitely give profits if held one-two years.

  • Sell Bombay Dyeing at Rs 340: Maloo

    8th June, 2005 15:57

    Hormuz Maloo, Geojit Financial Services, is of the opinion that investors must exit Bombay Dyeing and Manufacturing, once it reaches Rs 340.

  • Bet on RIL, banks & tech: BNP Paribas

    8th June, 2005 15:47

    K Ramchandran, Head Advisory, BNP Paribas says that, the markets are unexpectedly firm. He is bullish on banking and technology stocks.

  • Book profits at Rs 575 in Sun Pharma

    8th June, 2005 15:36

    Hormuz Maloo, Geojit Financial Services, is of the opinion that investors must book profits in Sun Pharmaceuticals at its resistance levels of Rs 575.

  • Phoenix Lamps plans 15-20% growth

    8th June, 2005 15:31

    Phoenix Lamps is aiming at a growth target of 15-20% this year. The company is also looking forward to cross a topline of Rs 500 crore by 2008, says HR Gupta, Mana

  • Glenmark Pharma may trip before an upmove

    8th June, 2005 15:26

    Hormuz Maloo, Geojit Financial Services, feels that Glenmark Pharmaceuticals has started moving up from its botom of Rs 218. It will see a fall in short term but w

  • Trend down in Bank of Baroda, says Maloo

    8th June, 2005 15:07

    Hormuz Maloo, Geojit Financial Services, is of the opinion that technically Bank of Baroda is down in both the mid and short term.

  • High spirits going ahead: Radico Khaitan

    8th June, 2005 15:02

    Lalit Khaitan, CMD, Radico Khaitan is optimistic about the company's growth this year.

  • Sugar prices to rise: Balrampur Chini

    8th June, 2005 14:44

    Vivek Saraogi, MD, Balrampur Chinni says that, fundamentally supported, sugar prices would go upwards in the future. He adds that, the markets should not panic in

  • Tamilnadu Petro Q4 net up at Rs 20.15cr

    8th June, 2005 14:14

    Tamilnadu Petroproducts announced its results. The company has posted a net profit of Rs 20.15 crore in Q4 against a net loss of Rs 13 lakh.

  • Panel favours creation of 3 mega oil firms

    8th June, 2005 13:58

    The Oil Restructuring Panel of India has okayed the creation of three mega PSU's. But it is against the creation of a single mega oil firm.

  • Escorts likely to move up in monsoon: Maloo

    8th June, 2005 13:55

    Hormuz Maloo, Geojit Financial Services, is of the view that Escorts has started moving up. The stock is likely to pick up during monsoons, he says.

  • No change in RBI's inflation target: Reddy

    8th June, 2005 13:51

    Y V Reddy, Governor of the Reserve Bank of India said that there is no change in RBI’s GDP growth and inflation expectations.

  • MacMillan to acquire Chennai's Cheron Tec

    8th June, 2005 13:34

    MacMillan Indian board has approved the buying of typesetting company Cheron Tec. According to Rajiv Beri, MD, MacMillan India feels that Cheron Tec will contribut

  • North India still waiting for monsoons

    8th June, 2005 13:01

    BP Yadav of the Indian MET Department says that though the monsoons have advanced to some parts of south India, it is too early to say when will they advance to no

  • Market slips from higher levels: Banks firm

    8th June, 2005 13:00

    The market has slipped from higher levels due to some selling pressure in select metal, pharma, and auto stocks. Buying however is seen in banking, technology, oil

  • HSBC MF sells auto majors, buys sugar in May

    8th June, 2005 12:35

    HSBC MF sold auto majors and bought sugar stocks in May. Balrampur Chini, Karnataka Bank, and Dena Bank were the top buys, while Allahabad Bank, Welspun India and

  • 12-15% gains seen on broad index: Kotak

    8th June, 2005 12:28

    The Indian markets appear quite optimistic. The markets should deliver 12-15% return on a broad index, says Uday Kotak, Executive Vice Chairman of Kotak Mahindra B

  • TCS will touch Rs 1375 in mid term: Maloo

    8th June, 2005 12:24

    Hormuz Maloo of Geojit Financial Services, feels that the target of Rs 1375 in TCS will be possible in mid-term.

  • HOEC is a profit making stock, hold it

    8th June, 2005 12:20

    PN Vijay is of the view that investors must hold on to HOEC. It is a profit making stock and is likely to give more money in the future.

  • Is your floating rate loan really floating?

    8th June, 2005 12:00

    Lending institutions often advice on going in for a floating rate home loan, calling it an ‘attractive’ option. Do floating rate loans offer you the best deal when

  • Castrol India spurts on buying interests

    8th June, 2005 11:48

    Castrol India is trading with volumes of 6,98,168 shares. At 12:01 pm, the share is quoting at Rs 241.90, up Rs 11.75, or 5.11%.

  • Markets firm: Banks & FMCG gain

    8th June, 2005 11:36

    The markets are trading firm amid gains in banking, auto, FMCG, pharma, technology, metal, oil and capital goods stocks.

  • 5 easy steps to the best insurance company

    8th June, 2005 11:31

    Wondering which insurance company to go for? Here are five easy steps to choose the best insurance company.

  • Hikal up on buying interests

    8th June, 2005 11:24

    Hikal has touched a 52-week high of Rs 528. At 11:13 am, the share is quoting at Rs 525, up Rs 40.90, or 8.45%.

  • REL to invest Rs 48,000cr in Orissa plant

    8th June, 2005 11:22

    Reliance Energy Limited plans to invest Rs 48,000 crore in the Orissa power plant.

  • Tata Coffee Q4 net up 47% at Rs 11.3cr

    8th June, 2005 11:19

    Tata Coffee announced its results. The company's Q4 net profit is up 47% at Rs 11.3 crore as against Rs 7.7 crore.

  • Ennore Foundries hits a 52-week high

    8th June, 2005 11:16

    Ennore Foundrie has touched a 52-week high of Rs 445. At 11:05 am, the share is quoting at Rs 430, up Rs 25.10, or 6.20%.

  • Hold Jet Airways for now, says Vijay

    8th June, 2005 11:12

    PN Vijay is of the opinion investors must hold on to Jet Airways at present .

  • Markets still in an uncertain stage: Mehta

    8th June, 2005 10:59

    The market is poised to remain range bound to some extent and any positive or negative trigger could move it either way, believes Nipun Mehta, saying that markets

  • Shalimar Paints scales a new 52-week high

    8th June, 2005 10:54

    Shalimar Paints has touched a 52-week high of Rs 97.60. At 10:43 am, the share is quoting at Rs 85.75, up Rs 4.40, or 5.41%.

  • Good news on Dabhol in few weeks: IDBI Bank

    8th June, 2005 10:43

    The Industrial Development Bank of India expects to mobilise the bank's deposit to Rs 10,000 crore by FY06. VP Shetty, Chairman, IDBI says that good news on Dabho

  • HEG firms up on bourses

    8th June, 2005 10:42

    HEG has touched an intraday high of Rs 145 and an intraday low of Rs 135.90. At 10:31 am, the share is quoting at Rs 138.50, up Rs 5.35, or 4.02%.

  • SRF touches a 52-week high

    8th June, 2005 10:31

    SRF has touched a 52-week high of Rs 182.50. At 10:27 am, the share is quoting at Rs 177.20, up Rs 9.45, or 5.63%.

  • MSEB to be split into four companies

    8th June, 2005 10:22

    Maharashtra has split its state electricity board into four different entities.

  • Sensex above 6800; Nifty crosses 2100

    8th June, 2005 10:11

    The market opened on a firm note. The Sensex has crossed 6800 and Nifty has crossed 2100. Buying is seen in banking and technology stocks. Index stocks Reliance, H

  • F&O strategy on IOB, LIC Housing Finance

    8th June, 2005 09:59

    F&O strategy on IOB and LIC housing Finance by IL&FS Investsmart.

  • Neyvile Lignite net seen down 2.56%

    8th June, 2005 09:51

    Neyvile Lignite net is seen down 2.56% from Rs 1143.5 crore to Rs 1114.2 crore.

  • General Motors on a job cutting spree

    8th June, 2005 09:50

    General Motors is in the process of cutting jobs, this is being done with the view to deal with their rising costs and shrinking market share.

  • Crude dips for third day, at $53.64/bbl

    8th June, 2005 09:24

    Crude oil is trading at $53.64/bbl. The prices fell for a third day amid speculations that refineries are increasing output of gasoline, diesel and other fuels

  • Market cues: FIIs net buy $20.20 mn on Mon

    8th June, 2005 09:17

    Market cues: FIIs net buy $20.20 million and MFs net sell Rs 75.37 crore on Monday.

  • Stocks in news: Apollo Tyres, Indiabulls

    8th June, 2005 09:12

    Stocks in news: Apollo Tyres, PSL, Indiabulls, Hero Honda, Bank of Baroda, Syndicate Bank, Indian Bank.

  • Asian markets trading firm, Nikkei up 0.80%

    8th June, 2005 09:00

    Asian markets are trading firm. Japan's Nikkei average is up 0.80% as bargain hunters scooped up recently battered shares and other exporters.

  • Brokers bullish on ONGC, Infosys, Sesa Goa

    8th June, 2005 08:52

    Brokerage houses are bullish on ONGC, Hindustan Zinc, Infosys, KEI Industries, Sesa Goa, and Subex Systems.

  • Stocks end mixed on Wall Street

    8th June, 2005 08:48

    Wall Street gave up a substantial early gain and staggered to a mixed finish yesterday after a Federal Reserve official warned that interest rates might continue t

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