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Moneycontrol News Archive : 9 April, 2008

  • Doing active liquidity mgmt on daily basis: RBI

    9th April, 2008 20:38

    Rakesh Mohan, Deputy Governor, RBI has said "we do a continuous monitoring and review of continuous developments, monetary management and macro management and we'r

  • Heritage site tax holiday finds no takers 

    9th April, 2008 19:50

    It’s been nearly two months since the Finance Minister announced a 5-year tax holiday for hotels built at World Heritage sites. But contrary to initial expectation

  • 8-15% upside in capital goods stocks: Thakkar 

    9th April, 2008 18:49

    Mitesh Thakkar of Edelweiss is of the view that one can get 8-15% upside in capital goods stocks. For immediate bounce back capital goods remains a good favourite,

  • CoS may recommend ban on steel exports: Srcs 

    9th April, 2008 18:30

    The Committee of Secretaries has recommended a slew of measures including a ban on steel exports. It also backs the action agenda of the Steel Ministry, which incl

  • Mkts likely to break Jan lows: Edelweiss 

    9th April, 2008 18:00

    Mitesh Thakkar of, Edelweiss said the markets are likely to break January lows and go lower. “We will see intermediate bounces. The upside on the Nifty is likely t

  • ICICI Prudential AMC launches Focused Equity Fund

    9th April, 2008 17:40

    ICICI Prudential AMC has launched Focused Equity Fund that aims to maximize long-term capital appreciation by investing in equity and equity related securities of

  • UTV Software Q4 PAT seen up at Rs 21.4 cr: P Lilladher

    9th April, 2008 17:31

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, UTV Q4FY08 net sales is e

  • Sonata Software to announce results for Q4 & FY08 on Apr 17

    9th April, 2008 17:23

    Sonata Software Limited, a leading IT consultancy and software services company, will declare results for the fourth quarter and financial year ended March 31, 200

  • RIL to sign MoU with M&S for due diligence: Srcs

    9th April, 2008 17:21

    RIL will sign MoU with M&S for due diligence, say sources. RIL is looking at strategic alliance, equity partnership with M&S India and could pick up a majority sta

  • RIL Q4 PAT seen at Rs 3814.2 cr: P Lilladher

    9th April, 2008 17:12

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, Reliance Industr

  • Gandrange crisis dents Mittal's Midas touch image

    9th April, 2008 17:09

    Lakshmi Mittal may have succeeded in going ahead with plans to partially close the Gandrange steel plant in France, but the unions revolt appeared to question his

  • IOC Q4 PAT seen at Rs 879 cr: P Lilladher

    9th April, 2008 17:05

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, IOC's Q4FY08 Rev

  • Voltamp Q4 PAT seen at Rs 21cr: P Lilladher

    9th April, 2008 17:05

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Voltamp

  • Suzlon Q4 revenue seen up by 45%: P Lilladher

    9th April, 2008 17:05

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Suzlon E

  • Siemens Q4 PAT seen at Rs 126cr: P Lilladher

    9th April, 2008 17:05

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Siemens

  • Prudential Fin & DLF Grp name Vijai Mantri as CEO & MD

    9th April, 2008 17:00

    Prudential Financial & DLF Group name Vijai Mantri as CEO & MD Designate for asset management joint venture.

  • Tata Elxsi Mar qtr PAT seen at Rs 13.9cr

    9th April, 2008 16:53

    Prabhudas Lilladher has come out with its earning estimates on the IT sector for the quarter ended March '08. According to the report, Tata Elxsi Q4FY08 net revenu

  • KEC Int Q4 revenue is expected to go up 53.8%

    9th April, 2008 16:52

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, KEC Inte

  • Kalpataru Pwr Q4 PAT seen down 2.4%: P Lilladher

    9th April, 2008 16:51

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Kalpatar

  • Tech Mahindra Mar qtr PAT seen at Rs 199.7 cr

    9th April, 2008 16:51

    Prabhudas Lilladher has come out with its earning estimates on the financial sector for the quarter ended March '08. According to the report, Tech Mahindra Q4FY08

  • Sell BHEL: Manghnani 

    9th April, 2008 16:48

    Anil Manghnani of Modern Shares & Stock Brokers is of the view that one should sell BHEL as he expects the stock to retest lows not immediately but in the next sev

  • TCS Mar qtr PAT seen at Rs 1377.2 cr

    9th April, 2008 16:46

    Prabhudas Lilladher has come out with its earning estimates on the financial sector for the quarter ended March '08. According to the report, TCS Q4FY08 revenue is

  • Elcon engg Q4 PAT seen at Rs 25.9cr: P Lilladher

    9th April, 2008 16:41

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Elecon E

  • BHEL Q4 PAT seen at Rs 1127cr: P Lilladher

    9th April, 2008 16:41

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, BHEL's Q

  • Motilal Oswal Mar qtr PAT seen up at Rs 32.9 cr

    9th April, 2008 16:37

    Prabhudas Lilladher has come out with its earning estimates on the financial sector for the quarter ended March '08. According to the report, Motilal Oswal Q4FY08

  • TCS BaNCS placed in Leaders Quadrant in Core Banking

    9th April, 2008 16:34

    TCS BaNCS placed in Leaders Quadrant in leading industry analyst firm's International Retail Core Banking 2008 Report. TCS BaNCS Core Banking solution enhances the

  • Asian Electronics Q4 PAT down by 59% YoY: P Lilladher

    9th April, 2008 16:33

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Asian El

  • AIA Engg revenue up 33% YoY: P Lilladher

    9th April, 2008 16:33

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, AIA Engi

  • ABB Q4 revenue seen at Rs 1558.4cr: P Lilladher

    9th April, 2008 16:32

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, ABB's Q4

  • PVR Q4 PAT seen at Rs 21 mn: P Lilladher

    9th April, 2008 16:30

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, PVR Q4FY08 net sales is e

  • IDFC Mar qtr PAT seen up at Rs 170.4 cr

    9th April, 2008 16:27

    Prabhudas Lilladher has come out with its earning estimates on the financial sector for the quarter ended March '08. According to the report, IDFC Q4FY08 net opera

  • Jagran Prakashan Q4 PAT seen at Rs 247 mn

    9th April, 2008 16:22

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, Jagran Prakashan Q4FY08 n

  • Fin Min may halve CTT from original proposal 

    9th April, 2008 16:21

    Under pressure from the Agriculture Ministry, the Finance Ministry has indicated that Commodity Transaction Tax may be halved from the original proposal. This has

  • Principal PNB AMC appoints Sudipto Roy as Business Head

    9th April, 2008 16:17

    Principal PNB AMC, a joint venture between Principal Financial Group (Mauritius) Limited, subsidiary of Principal Financial Services Inc., USA (member of Principal

  • Govt's steel price control move may hit speed-breaker 

    9th April, 2008 16:14

    Despite an inflation-wary government's veiled threats, some steel companies have gone ahead and imposed a raw material surcharge, in effect increasing steel prices

  • ABG Shipyard Mar qtr PAT seen up 55% at Rs 51.2cr

    9th April, 2008 16:10

    Prabhudas Lilladher has come out with its earning estimates on the shipping sector for the quarter ended March '08. According to the report, ABG Shipyard Q4FY08 ne

  • BPCL Q4 PAT seen at Rs 191.2 cr: P Lilladher

    9th April, 2008 16:08

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, BPCL's Q4FY08 Re

  • HT Media March qtr PAT seen at Rs 32.1 cr

    9th April, 2008 16:00

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, HT Media Q4FY08 net sales

  • iXiGO launch comprehensive hotel search engine

    9th April, 2008 15:57

    iXiGO launches India’s most comprehensive hotel search engine. With iXiGO’s hotel search, customers will be empowered to search and book accommodation in real time

  • Unity bags orders worth Rs 221.85cr

    9th April, 2008 15:55

    Unity Infraprojects Limited, one of India's largest civil contractors, has bagged two orders worth Rs. 221.85 crores. The company will be constructing a Mall and H

  • SAIL adds 21 lakh shares in open interest

    9th April, 2008 15:45

    Nifty had gone to about a 15-20 point discount and day end it has gone into a bit of a premium and the net OI is at 18 lakh shares. SAIL has added 21 lakh shares i

  • Microsoft posts additional protocol documentation

    9th April, 2008 15:44

    Microsoft publicly posts additional protocol documentation. Microsoft posted on MSDN more than 14,000 pages of preliminary versions of technical documentation for

  • Sell your home, save on tax

    9th April, 2008 15:40

    Smart ideas to help your save tax on capital gains.

  • Mastek likely to end Q4 with 37% revenue growth

    9th April, 2008 15:37

    Mastek has announced its third quarter numbers. It has posted net profit of Rs 35 crore for the quarter ended March 2008. Sudhakar Ram, CMD and CEO of Mastek, put

  • SBI Q4 PAT seen at Rs 1694.6cr: P Lilladher

    9th April, 2008 15:35

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended March '08. According to the report, SBI's Q4FY08 n

  • FinMin suggests new formula for pricing spectrum 

    9th April, 2008 15:32

    Finance Minister, P Chidambaram has written to the Department of Telecommunications (DoT) suggesting a new formula for pricing allotments of spectrum to the existi

  • Autodesk & IIT Madras launch Integrated Const Practice Lab

    9th April, 2008 15:32

    Autodesk & IIT Madras launch India’s first Integrated Construction Practice Laboratory. The lab will serve as a learning center for architects, civil & constructio

  • Tata MF pares exposure to oil, metal, banking

    9th April, 2008 15:28

    Tata MF bought engineering and cement & construction stocks in March, but sold oil & gas, metals & mining, banking & financial services. Power Grid, Hindustan Unil

  • ICICI Bk Q4 PAT seen up 15.4%: P Lilladher

    9th April, 2008 15:22

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended March '08. According to the report, ICICI Bank's Q

  • RBI Reference Rate for US $ & Euro

    9th April, 2008 15:19

    RBI Reference Rate for US $ & Euro. The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 40.02 and the Reference Rate for Euro is Rs. 62.94 on A

  • ENIL Q4 PAT seen at Rs 3 cr: Prabhudas Lilladher

    9th April, 2008 15:18

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, ENIL Q4FY08 net ales is e

  • Bk of India Q4 NII exp at Rs 1166.3cr: P Lilladher

    9th April, 2008 15:15

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended March '08. According to the report,Bank of India's

  • BOB Q4 PAT seen at Rs 1053.5cr: P Lilladher

    9th April, 2008 15:15

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended March '08. According to the report, Bank of Baroda

  • Liquidity Adjustment Facility: Auction Results

    9th April, 2008 15:13

    Liquidity Adjustment Facility: Auction Results. The results of the RBI Repo/Reverse Repo auctions held on April 8, 2008.

  • Motherson Sumi Q4 PAT seen at Rs 28.4 cr : P Lilladher

    9th April, 2008 15:09

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, Motherson Sumi's

  • EKC Q4 PAT seen at Rs 26.8 cr: P.Lilladher

    9th April, 2008 15:05

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, EKC's Q4FY08 Rev

  • Ceat Q4 PAT seen at Rs 12.6 cr: P.Lilladher

    9th April, 2008 15:02

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, Ceat's Q4FY08 Re

  • Areva T&D up on bagging order

    9th April, 2008 14:55

    At 2:48 pm, Areva T&D was quoting at Rs 1,419, up Rs 15.20, or 1.08%. It has touched an intraday high of Rs 1,459 and an intraday low of Rs 1,405. The company has

  • Ahmednagar Forg Q4 PAT seen at Rs 18.3 cr : P.Lilladher

    9th April, 2008 14:53

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, Ahmednagar Forgi

  • Garware Offshore to buy 5 vessels; stock down

    9th April, 2008 14:49

    At 2:29 pm, Garware Offshore Services was quoting at Rs 237.50, down Rs 3.9, or 1.62%. It has touched an intraday high of Rs 262 and an intraday low of Rs 236. The

  • Natco Pharma to launch two new generics soon 

    9th April, 2008 14:43

    Rajeev Nannapaneni, CEO, Natco Pharma, said the company has a strong oncology pipeline. “Two new generics are to be launched soon. We are also filing a compulsory

  • IL&FS Investsmart continues to gain

    9th April, 2008 14:39

    At 2:29 pm, IL&FS Investsmart was quoting at Rs 142.50, up Rs 13.90, or 10.81%. It has touched an intraday high of Rs 153 and an intraday low of Rs 129.85. It was

  • Yes Bank total income up 75.9% to Rs 494.3cr for Q4FY08

    9th April, 2008 14:31

    Yes Bank total income for Q4-FY08 up 75.9% to Rs. 494.3 crore; PAT up 108.7% to Rs 64.5 crore. Total income for FY-2008 up 112.9% to Rs.1665.4 crore; PAT up 112.0%

  • IFC to invest in Coastal Gujarat Power

    9th April, 2008 14:21

    IFC, a member of the World Bank Group, today received approval from its Board of Directors to invest in Coastal Gujarat Power Limited’s Tata Mundra project, helpin

  • BHEL gains further ground

    9th April, 2008 14:11

    At 14:03 pm, Bharat Heavy Electricals, BHEL was quoting at Rs 1,780, up Rs 67.25, or 3.93%. It has touched an intraday high of Rs 1,786 and an intraday low of Rs 1

  • Long build-up seen in select O&G stocks 

    9th April, 2008 13:57

    Ahead of earnings season, we will take a look at the F&O and cash market internals - which sectors are looking positive and negative? The Oil & Gas sector was up 4

  • Experts divided over magnitude of MTM losses 

    9th April, 2008 13:42

    Cyril Shroff of Amarchand Mangaldas said larger cos would not be impacted much by MTM losses. Partho Mukherjee of Axis Bk, sees significant fall in demand of deriv

  • E*Trade may exit IL&FS Investsmart: Sources 

    9th April, 2008 13:40

    Sources Say that E*Trade is looking to exit IL&FS Investsmart. E*Trade had put 44% of its stake on the block. It may now appoint CLSA as a banker. HSBC, IDFC-SS

  • Ranbaxy & DBT collaborate in the area of NDDR

    9th April, 2008 13:26

    Ranbaxy Laboratories Limited has entered into a collaborative research agreement with the Department of Biotechnology, New Delhi, in the area of New Drug Discovery

  • 9X is No. 4 among Hindi GECs in C&S 4+

    9th April, 2008 13:15

    9X is No. 4 among Hindi GECs in C&S 4+

  • SBI Infrastructure dumps telecom, metal, banking

    9th April, 2008 13:00

    SBI Infrastructure Fund Series I sold Bharti Airtel, Reliance Communication and Idea Cellular in telecom sector. It also pared exposure to engineering, and metal s

  • IBM Daksh enables MakeMyTrip to deliver customer experience

    9th April, 2008 12:54

    MakeMyTrip, India’s leading travel company today announced a strategic tie-up with IBM Daksh to further enhance its customer service experience through process and

  • Bullish on Infrastructure, FMCG: Kotak Mah Cap 

    9th April, 2008 12:51

    India is still a fundamentally good story from a long-term perspective, Ekambaram affirms.

  • Buy Tanla Solutions, target of Rs 1074: HDFC Securities

    9th April, 2008 12:48

    HDFC Securities has maintained a buy rating on Tanla Solutions target price of Rs 1074. It trades at 14x and 9x its FY08E and FY09E EPS of Rs 31.93 and Rs 48.50 r

  • Mahindra Bolero record sales of more than 50,000 units

    9th April, 2008 12:45

    Mahindra & Mahindra Ltd, one of India’s leading auto brands, has announced that its popular Bolero SUV has sold a record 50,000 units in 2007-08. The Bolero is the

  • Sita Shree Food shoots up smartly

    9th April, 2008 12:39

    At 12:31 pm, Sita Shree Food Products was quoting at Rs 43.55, up Rs 5.70, or 15.06%. It was trading with volumes of 10,281,123 shares. Yesterday the share closed

  • Hold Canara Bank: ICICI Securities

    9th April, 2008 12:36

    ICICI Securities has maintained a hold rating on Canara Bank. According to ICICI Securities given the pressure on core earnings profitability, we maintain HOLD on

  • SAIL denies levying any raw material surcharge 

    9th April, 2008 12:32

    SK Roongta, CMD, Sail clarified that the company has not levied any raw material surcharge. SAIL is yet to make a settlement with coal suppliers for FY09, he added

  • Hold L&T, says A Jain 

    9th April, 2008 12:28

    Anu Jain of Omniscient Securities is of the view that one can hold L&T. It is extremely oversold. The support would be around Rs 2450. It’s right now going through

  • Intex & Intel participate in 'Dog Fights Gaming Nights'

    9th April, 2008 12:19

    Intex & Intel participate in 'Dog Fights Gaming Nights' - the biggest gaming event organized by The History Channel

  • Ashok Soota bestowed Most Innovative People Award

    9th April, 2008 12:09

    MindTree Limited announced that its Chairman and Managing Director Ashok Soota has been conferred the Most Innovative People Award in the category of Knowledge Inn

  • Only buyers in NMDC, stk up 10%

    9th April, 2008 12:01

    NMDC is locked at 10% upper cuicuit. At 11:48 am, the share was quoting at Rs 13,461.10, up Rs 1,223.70. There were pending buy orders of 2,766 shares, with no sel

  • HDFC top gainer on the Sensex

    9th April, 2008 11:54

    Housing Development Finance Corporation, HDFC is top gainer on the SensexAt 11:46 am, the share was quoting at Rs 2,405, up Rs 95.50, or 4.14%. It has touched an i

  • Reliance Industries advances

    9th April, 2008 11:50

    At 11:42 am, Reliance Industries was quoting at Rs 2,405.80, up Rs 24.55, or 1.03%. It has touched an intraday high of Rs 2,415 and an intraday low of Rs 2,351.25.

  • Angel neutral on Deccan Chronicle

    9th April, 2008 11:47

    Angel Broking has downgraded its rating on Deccan Chronicle from buy to neutral. According to Angel's research report, margins have peaked and going ahead are like

  • Unity Infraprojects bags 2 orders, stock up

    9th April, 2008 11:44

    At 11:35 am, Unity Infraprojects was quoting at Rs 578, up Rs 12.40, or 2.19%. It has touched an intraday high of Rs 588 and an intraday low of Rs 546. The company

  • Playwin Foundation gives cheque of Rs 10 lacs to SSRVM

    9th April, 2008 11:42

    Playwin Foundation today handed over a cheque of Rs. Ten lacs to SSRVM School, Dharavi at a small function held in the school amongst dignitaries from Playwin Foun

  • Brokers bullish on Tata Motors, Unitech

    9th April, 2008 11:37

    Brokerage houses are bullish on Tata Motors, Unitech, Nitin Fire Protection, Cairn India and Tanla Solutions

  • Arthaeon Financial Srcs to launch Money Management supermkt

    9th April, 2008 11:33

    Arthaeon Financial Services announced an foray into India’s retail personal finance industry by launching a unique money management service. Launched under the bra

  • ABB leads gainers on the Nifty

    9th April, 2008 11:29

    ABB is top gainer on the Nifty. At 11:26 am, the share was quoting at Rs 1,109.60, up Rs 39.85, or 3.73%. It has touched an intraday high of Rs 1,119.95 and an int

  • S Kumars can test Rs 125-130: Sukhani

    9th April, 2008 11:25

    Rajen Shah, Chief Invst Officer of Angel Broking is of the view that S Kumars Nationwide can test Rs 125-130. The de-merging of the retail business also should unl

  • Earnings growth for Infy to be around 15-25%: Moshe Katri 

    9th April, 2008 11:20

    Moshe Katri, MD, Cowen and Company said there is no change in expecation for YoY growth for IT companies and he is looking at 2-3% growth for IT companies' budget.

  • Inflation may remain at 6-7%: Aditya Birla Group 

    9th April, 2008 11:12

    Ajit Ranade, Chief Economist of Aditya Birla Group, feels that the inflation numbers are likely to remain at around 6-7%. He also thinks that there may be a modera

  • Buy Nestle India, target of Rs 1750: Hem Securities

    9th April, 2008 11:04

    Hem Securities has recommended a buy rating on Nestle India with a target of Rs 1750. The stock is trading at Rs 1557, which is at 35.88 times to its book value of

  • Indian GDRs: Tata Comm down 7%, L&T slips 6.5%

    9th April, 2008 10:45

    Indian GDRs: Tata Comm, L&T, Mahindra, ICICI Bank, ITC, SBI, Grasim, Dr Reddy's, Ranbaxy, Reliance, Satyam, Sterlite and Tata Motors pluned.

  • Buy HOEC on dips: Sukhani 

    9th April, 2008 10:40

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy HOEC on dips. Ashok Leyland gives the impression that it’s bottoming out, it’s actually making

  • Block deals in Orchid Chemicals, stk up

    9th April, 2008 10:28

    At 10:18 am, Orchid Chemicals and Pharmaceuticals was quoting at Rs 242.90, up Rs 2.95, or 1.23%. There was a block deal of 2 Lakh Orchid Chem shares on BSE at Rs

  • Avoid steel sector till base building takes place: Sukhani  

    9th April, 2008 10:21

    Sudarshan Sukhani, Technical Trends, feels that the steel sector must be avoided till some kind of base building happens. “There is more downside technically becau

  • Jaiprakash Hydro maintain its march ahead

    9th April, 2008 10:20

    At 10:12 am, Jaiprakash Hydro-Power was quoting at Rs 58.75, up Rs 2.35, or 4.17%. It has touched an intraday high of Rs 59.10 and an intraday low of Rs 56.40. It

  • Mastek Q3 net seen up 6.5% at Rs 28.9 cr

    9th April, 2008 10:12

    Mastek is to announce its third quarter numbers. According to CNBC-TV18 estimates, the company is expected to post 6.5% growth in its Q3 net profit of Rs 28.9 cror

  • Don't expect big surprises from Yes Bk, Mastek nos 

    9th April, 2008 10:09

    I don’t expect nasty surprises from Yes bank. If the good numbers are delivered then I think it might just shore up sentiments in the other private sector banks t

  • Market to remain weak

    9th April, 2008 09:55

    According to Networth Stock Broking Market Review report, market is expected to remain weak. Sensex faces resistance at 15,745 and support at 15,454 and Nifty face

  • Nifty may correct upto 4668-4627

    9th April, 2008 09:51

    According to Angel Broking Market Outlook report, if Nifty trades below 4719 during the first half-an-hour of trade then it may correct upto 4668-4627.

  • Mkt ends in green: Banks, cap goods, power outperform

    9th April, 2008 09:41

    The markets closed in green amid choppy trades. Indian markets outperformed the Asian peers. On the global front, Asian markets were trading lower, Shanghai is dow

  • Rel Power will see selling pressure on every rally 

    9th April, 2008 09:29

    Reliance Power is a short term play, a pre-bonus or a pre-record date; you might see some flurry on Reliance Power. But it’s a technical kind of a pop, which will

  • Mkts may see decline today

    9th April, 2008 09:22

    Asian markets are down this morning, with the Hang Seng turning down after a positive start. The global short-term trend is down. We could expect another decline t

  • Sensex has support at 15540-15300

    9th April, 2008 09:20

    The support for the Sensex is at 15540-15300 and the resistance to the up move at 16400.

  • Inconclusive internals

    9th April, 2008 09:16

    Today looks like another day of ranged trade for the Nifty but some individual stocks are building in enough excitement to keep the screen alive and buzzing.

  • Mkts still waiting for big trigger 

    9th April, 2008 09:02

    The markets are doing nothing at the moment. If the volumes had been better, we may not have seen the kind of swings that we are currently seeing. Today too, the m

  • Sell MCX April Copper below Rs 339.40

    9th April, 2008 08:57

    For copper, one could sell MCX April below Rs 339.40 per kilogram with a target of Rs 335 per kilogram, says Narne.

  • Equity calls: Kumar, Bhamre 

    9th April, 2008 08:53

    The overall mood is cautious as investor confidence is low. All eyes are on the quarterly results as some sectors are expected to disappoint due to forex derivativ

  • Money calls: Gurumurthi, Subramaniam

    9th April, 2008 08:44

    There is a tug of war in the bond market between abundant liquidity and high inflation, both warranting monetary action by RBI, says Gurumurthi.

  • Armani, Cartier allowed single brand retailing

    9th April, 2008 08:40

    Iconic brands Cartier and Armani are all set to enter the country, with the Government approving on Tuesday their FDI (foreign direct investment) proposals under s

  • Crude at $108.80/bbl

    9th April, 2008 08:37

    Crude prices have eased, pressured by profit taking, gains in the dollar and expectations that a looming government report would show another increase in U.S. Crud

  • Nifty likely to witness range of 4650-4765

    9th April, 2008 08:35

    The coming session is likely to witness a range of 4650 / 4765. Watch the activity above the 4735 levels which is the bullish pivot for the coming session. The out

  • Nitin Fire formally acquires 40% in Dubai co

    9th April, 2008 08:31

    Nitin Fire Protection Industries Ltd (NFPIL) on Tuesday formally acquired 40 per cent stake in a Dubai based fire protection company New Age Company LLC. Mr Rahul

  • Imports from 50 poor nations to be duty-free

    9th April, 2008 08:28

    India today unveiled a Duty Free Tariff Preference Scheme for imports from as many as 50 Least Developed Countries (LDCs), 34 of which are in Africa, recognising t

  • Market cues: FIIs net buy $93.4 mn

    9th April, 2008 08:23

    Market cues: FIIs net buy $93.4 mn in equity on Apr 7. MFs net sell Rs 40 cr in equity on Apr 7.

  • SEBI to introduce online version of Stock Invest System 

    9th April, 2008 08:17

    In its attempt to clean up the primary market and make it more efficient, market regulator Sebi is all set to re-launch a product that existed way back in 1992. It

  • Indian ADRs: Tata Comm slips 7%, ICICI Bank down

    9th April, 2008 08:14

    Indian ADRs: Tata Comm, ICICI Bank, Satyam, Tata Motors, Dr Reddy's, Sterlite, MTNL, HDFC Bank and Infosys plunged.

  • Aishwarya Telecom IPO opens on Apr 15

    9th April, 2008 07:55

    Aishwarya Telecom is coming out with an initial public offering of 40 lakh shares at a price band of Rs 32-35 per share. The issue will open for subscription betwe

  • US to tip into recession this year: IMF report

    9th April, 2008 19:54

    The US economy will tip into a mild recession in 2008. So says a report by the International Monetary Fund, or IMF. This has been a result of housing crisis that c

  • Mkts trading rangebound and low volumes 

    9th April, 2008 19:47

    It was not a bad day for the market one would have to say. A couple of 100 points up on the Sensex, which looked like an unlikely result in the middle of the sessi

  • Rupee ends flat, bonds higher

    9th April, 2008 18:31

    The rupee ended flat today after moving in a narrow range as dollar demand and supply from companies offset each other. The spot rupee ended flat at Rs 39.99 per U

  • Mercedes Benz rolls out 20,000 Made in India car 

    9th April, 2008 18:10

    In the first quarter this year, Mercedes has seen 60% growth in sales and to accommodate this kind of growth, the company is setting up a new assembly plant in Pun

  • Buy gold at USD 830: PJ Commodity Ventures  

    9th April, 2008 17:57

    Shreekant Jha, MD at PJ Commodity Ventures is looking at a support of around USD 830 to actually buy gold, which would work out to a support level of around Rs 11,

  • Kotak Life Insurance records 88% growth

    9th April, 2008 17:35

    Kotak Life Insurance records 88% growth. Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance), announced a growth of 88% for the year ended Marc

  • Experts see upper band for Sensex at 17,500 

    9th April, 2008 17:24

    Ambareesh Baliga of Karvy Stock Broking said markets could be rangebound for the next couple of days. "The upper range could be closer to around 17,000-17,500 leve

  • TV 18 Q4 PAT seen at Rs 22.4 cr: P Lilladher

    9th April, 2008 17:21

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, TV 18 Q4FY08 net sales is

  • TV Today Q4 PAT seen at Rs 16.8 cr

    9th April, 2008 17:17

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, TV Today Q4FY08 net sales

  • Sun TV Q4 PAT seen at Rs 58.8 cr: P Lilladher

    9th April, 2008 17:10

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, Sun TV Q4FY08 net sales i

  • ONGC Q4 PAT seen at Rs 4,721.3 cr: P Lilladher

    9th April, 2008 17:08

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, ONGC's Q4FY08 Re

  • Voltas Q4 PAT seen at Rs 58cr: P Lilladher

    9th April, 2008 17:05

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Voltas Q

  • Thermax Q4 revenue expected at Rs1229cr: P Lilladher

    9th April, 2008 17:05

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Thermax'

  • Sujana Tower Q4 PAT at Rs 10cr: P Lilladher

    9th April, 2008 17:05

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Sujna To

  • KEI Ind Q4 PAT seen at Rs 15cr: P Lilladher

    9th April, 2008 17:05

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, KEI Indu

  • Wipro Mar qtr PAT seen at Rs 851.4 cr

    9th April, 2008 16:53

    Prabhudas Lilladher has come out with its earning estimates on the financial sector for the quarter ended March '08. According to the report, Wipro Q4FY08 revenue

  • Exensys Soft launches eXensys 4.0

    9th April, 2008 16:52

    Exensys' unique software breaks global language barrier. With this, organizations will be empowered to face their current and future critical business challenges a

  • Jyoti Structures Q4 revenue expected to go up 33.9%

    9th April, 2008 16:51

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Jyoti St

  • Hindustan Dorr Oliver's Q4 revenue is expected to go up 25%

    9th April, 2008 16:51

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Hindusta

  • Saregama Q4 PAT seen up 59% at Rs 2.9 cr

    9th April, 2008 16:50

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, Saregama Q4FY08 net sales

  • Tanla Solutions Mar qtr PAT seen up at Rs 47.2cr

    9th April, 2008 16:47

    Prabhudas Lilladher has come out with its earning estimates on the IT sector for the quarter ended March '08. According to the report, Tanla Solutions Q4FY08 net r

  • EMCO Q4 PAT seen at Rs 23cr: P Lilladher

    9th April, 2008 16:41

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, EMCO's Q

  • CG Q4 revenue seen at Rs 1168cr YoY: P Lilladher

    9th April, 2008 16:41

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Crompton

  • Reliance Capital Mar qtr PAT seen at Rs 181.1 cr

    9th April, 2008 16:40

    Prabhudas Lilladher has come out with its earning estimates on the financial sector for the quarter ended March '08. According to the report, Reliance Capital Q4FY

  • India Infoline Mar qtr PAT seen up 186% at Rs 70.2 cr

    9th April, 2008 16:35

    Prabhudas Lilladher has come out with its earning estimates on the financial sector for the quarter ended March '08. According to the report, India Infoline Q4FY08

  • Satyam Computers Mar qtr PAT seen up at Rs 457.9 cr

    9th April, 2008 16:34

    Prabhudas Lilladher has come out with its earning estimates on the IT sector for the quarter ended March '08. According to the report, Satyam Computers Q4FY08 net

  • Areva T&D's Q4 PAT seen at Rs 47cr: P Lilladher

    9th April, 2008 16:33

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, Areva T&

  • ACE Q4 PAT seen at Rs 9.9cr: P Lilladher

    9th April, 2008 16:32

    Prabhudas Lilladher research has come out with its earning estimates on the Capital Goods sector for the quarter ended March '08. According to the report, ACE's Q4

  • Edelweiss Capital Mar qtr PAT seen up at Rs 70 cr

    9th April, 2008 16:32

    Prabhudas Lilladher has come out with its earning estimates on the financial sector for the quarter ended March '08. According to the report, Edelweiss Capital Q4F

  • HDFC Mar qtr PAT seen up at Rs 716.2 cr

    9th April, 2008 16:29

    Prabhudas Lilladher has come out with its earning estimates on the financial sector for the quarter ended March '08. According to the report, HDFC Q4FY08 net opera

  • Rolta India Mar qtr PAT seen up at Rs 65.2cr

    9th April, 2008 16:25

    Prabhudas Lilladher has come out with its earning estimates on the IT sector for the quarter ended March '08. According to the report, Rolta India Q4FY08 net reven

  • Cash levels vary between 10-12%: Birla Sun Life 

    9th April, 2008 16:21

    A Balasubramanian, CIO, Birla Sun Life, said the cash level has been varying between 10-12% across all schemes. “Even today we will be sitting on close to 10% cash

  • Bharati Shipyard Mar qtr PAT seen up at Rs 34.5cr

    9th April, 2008 16:17

    Prabhudas Lilladher has come out with its earning estimates on the shipping sector for the quarter ended March '08. According to the report, Bharti Shipyard Q4FY08

  • Prithvi Info Mar qtr PAT seen up at Rs 30.8cr

    9th April, 2008 16:14

    Prabhudas Lilladher has come out with its earning estimates on the IT sector for the quarter ended March '08. According to the report, Prithvi Inf. Solutions Q4FY0

  • HPCL Q4 PAT seen at Rs 329.1 cr: P Lilladher

    9th April, 2008 16:11

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, HPCL's Q4FY08 Re

  • KPIT Cummins Mar qtr PAT seen up at Rs 162.4cr

    9th April, 2008 16:08

    Prabhudas Lilladher has come out with its earning estimates on the IT sector for the quarter ended March '08. According to the report, KPIT Cummins Q4FY08 net reve

  • Israel Discount Bank selects FLEXCUBE for Int'l operations

    9th April, 2008 16:08

    i-flex® solutions (Reuters: IFLX.BO & IFLX.NS), a leading provider of IT solutions to the global financial services industry today announced that Israel Discount B

  • Infosys Mar qtr PAT seen up at Rs 1269.7 cr

    9th April, 2008 16:00

    Prabhudas Lilladher has come out with its earning estimates on the IT sector for the quarter ended March '08. According to the report, Infosys Technologies Q4FY08

  • HCL Tech Mar qtr PAT seen at Rs 319 cr

    9th April, 2008 15:56

    Prabhudas Lilladher has come out with its earning estimates on the IT sector for the quarter ended March '08. According to the report, HCL Tech Q4FY08 net revenue

  • SpiceJet Q4 Revenue seen at Rs 443.2 cr: P Lilladher

    9th April, 2008 15:45

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, SpiceJet's Q4FY0

  • CA named leader in service desk management tools

    9th April, 2008 15:45

    CA announced it has been named a “Leader” for service desk management tools in The Forrester Wave™: Service Desk Management Tools, Q2 2008 (April 2008) research re

  • BOI Q4 PAT seen at Rs 272 cr: P Lilladher

    9th April, 2008 15:40

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended March '08. According to the report, Union Bank of

  • Jet Airways Q4 revenue seen at Rs 2710.1 cr: P Lilladher

    9th April, 2008 15:38

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, Jet Airways' Q4F

  • Intas Biopharma & Kwizda complete clinical trial of Neukine

    9th April, 2008 15:35

    Intas Biopharmaceuticals Limited (IBPL) and European pharmaceutical major Kwizda Pharma GmbH has jointly completed Phase I clinical trial study of Neukine®, biosim

  • PNB Q4 PAT seen at Rs 358.7cr: P Lilladher

    9th April, 2008 15:35

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended March '08. According to the report, PNB Bank's Q4F

  • GBN Q4 PAT seen at Rs 9 mn: P Lilladher

    9th April, 2008 15:32

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, GBN Q4FY08 net sales is e

  • Geometric Mar qtr PAT seen up at Rs 8 cr

    9th April, 2008 15:29

    Prabhudas Lilladher has come out with its earning estimates on the IT sector for the quarter ended March '08. According to the report, Geometric Software Q4FY08 ne

  • Stocks to watch: IVRCL, Simplex Infra, Yes Bank 

    9th April, 2008 15:26

    S Ranganathan of LKP Shares is optimistic on IVRCL and Simplex Infrastructure. He feels that these companies have the ability to grow their topline as well as bott

  • Sona Koyo Q4 PAT seen at Rs 10 cr: P Lilladher

    9th April, 2008 15:21

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, Sona Koyo's Q4FY

  • Religare Online rated most user-friendly website

    9th April, 2008 15:18

    The online investment portal www.religareonline.com, a part of Religare Securities, which is a subsidiary of Religare Enterprises, is an enriched 360 degree interf

  • Rico Auto Q4 PAT seen at Rs 2.8 cr: P Lilladher

    9th April, 2008 15:17

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, Rico Auto's Q4FY

  • HDFC Bk Q4 PAT up 60%: P Lilladher

    9th April, 2008 15:15

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended March '08. According to the report, HDFC Bank's Q4

  • Deccan Chronicle Q4 PAT seen at Rs 12.3 cr

    9th April, 2008 15:14

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, Deccan Chronicle Q4FY08 n

  • Axis Bk PAT seen at Rs 798.3cr: P Lilladher

    9th April, 2008 15:10

    Prabhudas Lilladher research has come out with its earning estimates on the Banking sector for the quarter ended March '08. According to the report, Axis Bank's Q4

  • Logix Microsystems announce DCH Auto Grp selects izmocars

    9th April, 2008 15:08

    Logix Microsystems Ltd. India's premier software and platform development company announced that DCH Auto Group has selected izmocars to develop several of the com

  • RBI cancels CoR of Samrat Mutual Benefit Ltd

    9th April, 2008 15:02

    Reserve Bank rejects application for Certificate of Registration of Samrat Mutual Benefit Ltd. The business of a non-banking financial institution is defined in cl

  • Bharat Forge Q4 PAT seen at Rs 58.1 cr : P.Lilladher

    9th April, 2008 14:58

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, Bharat Forge's Q

  • Nissan enters LCV business in North America

    9th April, 2008 14:53

    Nissan North America, Inc. (NNA) today announced it is entering the Light Commercial Vehicle business through a significant investment in North America.

  • RBI cancels CoR of Malav Holdings Pvt Ltd

    9th April, 2008 14:51

    Reserve Bank cancels Certificate of Registration of M/s. Malav Holdings Pvt. Ltd. Under powers conferred by Section 45-IA (6) of the Reserve Bank of India Act, 193

  • Mastek Q3 net profit at Rs 35 cr

    9th April, 2008 14:48

    Mastek has announced its third quarter numbers. It has posted net profit of Rs 35 crore for the quarter ended March 2008 as against Rs 27.1 crore in previous quart

  • Amtek India Q4 PAT seen at Rs 37.1 cr: P Lilladher

    9th April, 2008 14:41

    Prabhudas Lilladher has come out with its earning estimates on the Auto Ancillary sector for the quarter ended March '08. According to the report, Amtek India's Q4

  • Aftek shoots up smartly

    9th April, 2008 14:32

    At 2:25 pm, Aftek was quoting at Rs 48.35, up Rs 6.40, or 15.26%. It has touched an intraday high of Rs 49.50 and an intraday low of Rs 42. It was trading with vol

  • S Kumar sheds 7 lakhs shares in OI 

    9th April, 2008 14:25

    In the Nifty we have seen some semblance of short buildup, about 25 lakh shares and we have seen it inch into a bit of a discount. So, some of those hedges in the

  • Yes Bank targets 117 branches by FY09 

    9th April, 2008 14:12

    Yes Bank has posted an 108.74% jump in its Q4 net profit at Rs 64.5 crore as compared to Rs 30.9 crore in the corresponding quarter of the previous year. Rana Kapo

  • Solid gain for Tata Steel

    9th April, 2008 14:07

    At 1:59 pm, Tata Steel was quoting at Rs 678.10, up Rs 21.80, or 3.32%. It has touched an intraday high of Rs 681.90 and an intraday low of Rs 649. It was trading

  • Yes Bank FY08 net jumps 112% at Rs 200 cr 

    9th April, 2008 13:53

    Yes Bank has declared its fourth quarter and FY08 results, which are above the markets expectations. The bank has reported 108.74% jump in its Q4 net profit of Rs

  • Yes Bk sees inflation @ 7.03%, CRR hikes, higher MSS mop-up 

    9th April, 2008 13:42

    Shubhada Rao, Chief Economist, Yes Bank said that inflation is going to continue over 7% and 7.03% this week due to the seasonal uptick in primary articles. She fu

  • Yes Bank Q4 net up 109% at Rs 64.5cr

    9th April, 2008 13:30

    Yes Bank has declared its fourth quarter and FY08 results. The bank has reported 108.74% jump in its Q4 net profit of Rs 64.5 crore versus Rs 30.9 crore in the cor

  • Timing of Sebi's short selling move inappropriate 

    9th April, 2008 13:21

    Short selling will be reintroduced in Indian markets from April 21. The timing of this move seems inappropriate. The current market conditions are volatile with a

  • Garware Offshore Services purchase 5 new vessels

    9th April, 2008 13:07

    Garware Offshore Services Limited, a Company engaged in the business of owning and operating offshore vessels, announced its plans to buy three anchor handling tug

  • Stay with Orchid Chemicals, says A Jain 

    9th April, 2008 13:00

    Anu Jain of Omniscient Securities is of the view that one can stay invested in Orchid Chemicals for a long term. The stoploss of Rs 216 indicates that a short term

  • GE Shipping an outperformer: Enam securities

    9th April, 2008 12:52

    Enam securities has maintained an outperformer rating on GE Shipping with a target price of Rs 460. At estimated NAV of Rs 541 per share for Q4FY08, the stock is c

  • Bajaj Holdings slips further

    9th April, 2008 12:50

    At 12:43 pm, Bajaj Holdings & Investment was quoting at Rs 643.70, down Rs 27.9, or 4.15%. It was trading with volumes of 22,607 shares. Yesterday the share close

  • Remain invested in L&T, says Tulsian 

    9th April, 2008 12:47

    Investment Advisor SP Tulsian is of the view that one should remain invested in L&T with a long term view.

  • Sweet gains in sugar stocks

    9th April, 2008 12:44

    At 12:35 pm, Balrampur Chini Mills was quoting at Rs 87.60, up Rs 4.55, or 5.48%. At 12:35 pm, Dhampur Sugar Mills was quoting at Rs 49.65, up Rs 1.60, or 3.33%.

  • Gitanjali Gems presents diamond studded cricket ball

    9th April, 2008 12:37

    The Rs. 3500-crore Gitanjali Gems Ltd., India's largest integrated diamond and jewellery manufacturer and retailer, is proud to present a diamond-studded cricket b

  • Balaji Telefilms Q4 PAT seen at Rs 13.8 cr

    9th April, 2008 12:32

    Prabhudas Lilladher has come out with its earning estimates on the Media sector for the quarter ended March '08. According to the report, Balaji Telefilms Q4FY08 n

  • NCDEX – Trade details for April 08, 2008

    9th April, 2008 12:30

    NCDEX, 482 members (2,469 users) participated in trading on April 08, 2008 up to 5:00 pm and volumes were Rs 1,903 crore (one-way). There were more than 54,553 t

  • Buy Nitin Fire, target Rs 650: Kotak securities

    9th April, 2008 12:26

    Kotak securities has maintained a buy rating on Nitin Fire Protection price target of Rs 650. According to Kotak the current valuations are very attractive conside

  • Escorts gains 5.4%

    9th April, 2008 12:15

    At 12:06 pm, Escorts was quoting at Rs 90.75, up Rs 4.65, or 5.40%. It was trading with volumes of 137,722 shares. Yesterday the share closed up at Rs 86.10.

  • Idea may get GSM spectrum in TN, Karnataka; stock up 3.5%

    9th April, 2008 12:05

    At 11:56 am, Idea Cellular was quoting at Rs 101.85, up Rs 3.50, or 3.56%. It has touched an intraday high of Rs 102 and an intraday low of Rs 97.15. The company m

  • Arkray Piramal launches glucose self-monitoring device

    9th April, 2008 11:59

    Arkray Inc., a Japan-based innovator company, makers of the world’s first-ever diabetes self-monitoring device and specialists in diabetes care and diagnostics, in

  • Jagdish Kini joins Obopay Mobile Tech as Executive Advisor

    9th April, 2008 11:51

    Jagdish Kini joins Obopay Mobile Technology as Executive Advisor. Jagdish has been responsible for positioning Brand Airtel as a superior mobile service provider i

  • Bosch Chassis locked at 5% lower circuit

    9th April, 2008 11:50

    Bosch Chassis Systems India is locked at 5% lower circuit. At 11:41 am, the share was quoting at Rs 410.45, down Rs 21.6. There were pending sell orders of 1,319 s

  • Prajay Engineers up on large volumes

    9th April, 2008 11:46

    Prajay Engineers was trading with volumes of 1,669,344 shares. At 11:37 am, the share was quoting at Rs 281.75, up Rs 3.30, or 1.19%. There was a block deal of 16.

  • Positive on telecom, agri, healthcare: ABN Amro 

    9th April, 2008 11:43

    Roger Groebli of ABN Amro thinks that that the Sensex is likely to remain between 15,000-16,000 and is trading at 16-17x PE multiples. Groebli also said that he se

  • Ranbaxy denies Orchid's hostile takeover bid 

    9th April, 2008 11:38

    Ranbaxy Labs mgmt told CNBC-TV18 that it does not believe in hostile takeovers. This reaction has come after Solrex Pharma, a Ranbaxy promoter company, bought 12.8

  • Sweet gains for Bajaj Hindusthan

    9th April, 2008 11:35

    At 11:27 am, Bajaj Hindusthan was quoting at Rs 204.15, up Rs 16.75, or 8.94%. It has touched an intraday high of Rs 207.05 and an intraday low of Rs 186. It was t

  • 70% chance of mkt breaking Jan lows: CLSA 

    9th April, 2008 11:29

    Laurence Balanco of CLSA said he is looking at a 70% probability of market breaking January lows. He expects another 10% downside from the August lows.

  • Container Corporation an underperformer: Karvy

    9th April, 2008 11:27

    Karvy Stock Broking has given an underperformer rating to Container Corporation of India with target price of Rs 1600. At current levels of Rs 1736, the stock is t

  • Aptech's arm ATTEST conducts online mock exams for SRM EEE

    9th April, 2008 11:24

    ATTEST, the Assessment & Certification arm of Aptech Limited, the Global Learning Solutions Company is offering mock online tests to the aspiring students appearin

  • Buy McLeod Russel: Sukhani 

    9th April, 2008 11:13

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy McLeod Russel. It has made bullish pattern. Tea is a very illiquid sector and only people who

  • Wait for correction in Ranbaxy: Sukhani 

    9th April, 2008 11:10

    Technical Analyst, Sudarshan Sukhani is of the view that for any investing or trading one should wait for correction in Ranbaxy.

  • ICICI Pru MF sells banking, auto; bets on telecom

    9th April, 2008 11:00

    Banking & financial services, automotive, utilities, cement & construction, manufacturing and metal stocks were weighed heavy on sell list of ICICI Prudential MF.

  • Sensex earnings to grow by 20% in Q4: ICICI Pru 

    9th April, 2008 10:43

    Puneet Nanda, CIO of ICICI Prudential Life Insurance estimates that the fourth quarter Sensex earnings would grow by 20%; he thinks it looks sustainable. The curre

  • Market likely to remain volatile

    9th April, 2008 10:37

    According to Khandwala Securities Market Preview report, expect market to remain volatile in the absence of clear-cut direction about corporate earnings, economic

  • S Kumars gains further ground

    9th April, 2008 10:23

    S Kumars Nationwide has continued to rise. At 10:15 am, the share was quoting at Rs 104.50, up Rs 3.95, or 3.93%. It was trading with volumes of 702,790 shares. Y

  • SAIL has support at Rs 100: Sukhani 

    9th April, 2008 10:21

    Technical Analyst, Sudarshan Sukhani is of the view that SAIL has support at Rs 100. There is more downside technically because all support levels have been broken

  • Reliance Power continues to gain

    9th April, 2008 10:17

    Reliance Power has continued to gain. At 10:10 am, the share was quoting at Rs 361.80, up Rs 10.45, or 2.97%. It was trading with volumes of 740,895 shares. Yester

  • Tea stocks move up smartly

    9th April, 2008 10:12

    At 10:02 am, Mcleod Russel was quoting at Rs 88.80, up Rs 4.50, or 5.34% and Jayshree Tea and Industries was quoting at Rs 130, up Rs 5.90, or 4.75%.

  • GTL Infra set to buy Essar's tower unit, stk up 5.6%

    9th April, 2008 10:00

    GTL Infrastructure has gained today. At 09:58 am, the share was quoting at Rs 47.65, up Rs 2.55, or 5.65% on the NSE. It was trading with volumes of 76,000 shares.

  • Sensex may witness selling pressure

    9th April, 2008 09:54

    According to Karvy Stock Broking Market Review report,if 15350 levels are held then the Sensex may test 15650 & 16000 levels, if these levels are not sustained the

  • Nifty has support at 4640-4600

    9th April, 2008 09:46

    According to Angel Broking Technical Analysis report, the coming trading session is expected to trade in the range of 4740 – 4680 levels with negative bias. After

  • Monsoon, FY10 cues to decide mkts' next move: Notz Stucki

    9th April, 2008 09:36

    Anil Singhvi, Partner at Notz Stucki, said the global cues have not been very good, but Indian markets are not over as far as bull run is concerned. He expects mar

  • Wall Street ends lower 

    9th April, 2008 09:24

    Wall Street seeing a down day, the Dow finishing lower by 36 points, the NASDAQ down 16 points, the S&P 500 loosing 7 points. More negative housing market news dri

  • Will Delhi do a 'Paris' to the Olympic flame?

    9th April, 2008 09:20

    Tibetan protestors, who started a march from Dharamshala up to Tibet on the 10th of March, will be reaching the capital today. The large gathering of Tibetans in D

  • Nifty futures adds 6.3 lakh shares in OI 

    9th April, 2008 09:19

    Nifty futures added 6.3 lakh shares in Open Interest and closed at 15-point discount. Nifty Open Interest PCR declined at 1.16 versus 1.22. Nifty 4500 Put shed 1.5

  • Room for play: Short selling begins Apr 21

    9th April, 2008 09:12

    India allows short selling from April 21, after seven long years, in a controlled manner. Short selling would be allowed only on 227 stocks in the F&O segment. It’

  • Rupee opens at Rs 40.01 per dollar

    9th April, 2008 09:02

    The Indian Rupee opened at Rs 40.01 per dollar versus Rs 40 yesterday.

  • Current fin crisis to be severe, longer: George Soros 

    9th April, 2008 08:55

    Investment guru George Soros released a new book. In his new book, George Soros said that the current financial crisis will be more severe and longer than the past

  • Wharton grads fly high with placements despite US slowdown

    9th April, 2008 08:52

    For students applying to Wharton the impending recession hasn't hit their placements yet. The school's dean is keeping a cool face, he says their placements have n

  • Bullish on commodities: Puru Saxena Wealth Mgmt 

    9th April, 2008 08:41

    Speaking to CNBC-TV18 Puru Saxena, CEO of Puru Saxena Wealth Management says Asian markets are in a process of forming a base and are consolidating. He said, “I am

  • UTV among 20 FDI proposals cleared

    9th April, 2008 08:37

    The Government on Tuesday cleared 20 foreign direct investment proposals worth Rs 1,962.05 crore, including Rs 924-crore proposal of UTV Software Communications Lt

  • Domino’s Pizza plans Rs 70-crore expansion

    9th April, 2008 08:35

    The Domino’s Pizza delivery man will be knocking on more doors of fast food lovers in towns such as Panipat, Patiala, Karnal and Mysore. The pizza chain is spendin

  • ONGC to buy back Cairn’s 30% stake in Cambay block

    9th April, 2008 08:33

    ONGC is set to buyback Cairn India’s stake in the Cambay Basin block. Cairn holds 30 per cent stake in the block CB-ONN-2001/1 with remaining 70 per cent held by t

  • Stocks in news: Yes Bank, Garware Offshoere, Areva T&D

    9th April, 2008 08:30

    Stocks in news: Yes Bank has results today. Garware Offshoere is going to buy 5 vessels worth $100m. Areva T&D has bagged orders worth Rs 418 cr from Essar Con

  • F&O cues: Futures Open Int up by Rs 20 cr

    9th April, 2008 08:26

    F&O cues: Nifty Futures add 6.3 lakh shares in Open Int, at 15-point discount. Futures Open Int up by Rs 20 crore, Options Open Int up by Rs 738 crore.

  • Asian markets trading weak

    9th April, 2008 08:21

    Asian markets were trading weak. Japan's Nikkei tumbled 1.345 or 177.40 points at 13,073.03. Hong Kong's Hang Seng fell 0.22% or 54.50 points at 24,257.19. Taiwan'

  • US mkts end with modest loss; Dow down 36 points

    9th April, 2008 08:16

    Wall Street posted a modest loss, with seven of the ten sectors ending the day in negative territory. More bad news in the financial sector and a report showing th

  • IRFC may have to go for public issue

    9th April, 2008 08:00

    With the Indian Railways increasingly raising funds from the market, Indian Railway Finance Corporation (IRFC) may have to go for an initial public offer this fisc

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