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Moneycontrol News Archive : 10 December, 2008

  • Tata Motors slashes prices of most cars, CVs

    10th December, 2008 20:52

    Tata Motors has slashes prices of most of its cars and commercial vehicles (CV). It has cut the prices of Indica and Indigo by Rs 12,000-23,000. It has cuts Safari

  • Reliance Ind has 10% upside: V Kapoor

    10th December, 2008 20:46

    Vibhav Kapoor of IL&FS Investmart is of the view that Reliance Industries has 10% upside from here.

  • IIT placements hit due to economic slowdown  

    10th December, 2008 20:40

    The economic slowdown seems to have hit IIT students hard. The placement season that kicked-off this month has so far got a tepid response.

  • Exit cement stocks: Sukhani

    10th December, 2008 20:37

    Technical Analyst, Sudarshan Sukhani is of the view that one should exit cements stocks as it has no short term potential.

  • Industry players need reduction in cotton prices 

    10th December, 2008 20:09

    The government announced a Rs 1400 crore boost towards technological upgradation for the textile industry. But industry players say, bringing down the prices of co

  • See more upside in mkts; eye banks, infra stks: Experts 

    10th December, 2008 19:45

    Vibhav Kapoor of IL&FS feels that the markets may see some more upside from here in December. Sudarshan Sukhani of Technical Trends said that banks, infrastructure

  • Rupee has support at 48.50/70: Commtrendz Research

    10th December, 2008 19:22

    According to Commtrendz Research's report on Indian Rupee, spot rupee supports between 49.20/49.30 has been broken. Immediate supports are now between 48.50/70 fol

  • India in need of better terror laws 

    10th December, 2008 19:02

    Election results notwithstanding, several quarters still believe, that both the central and state governments are soft on terror. So, does this mean that India req

  • FY10 to be 'more difficult year': RBI 

    10th December, 2008 18:41

    The Reserve Bank of India or RBI said there are indications that FY09 growth projections will be cut and FY10 will be a 'more difficult year'. There will be 'painf

  • Analyse risk & rewards while choosing portfolio stocks

    10th December, 2008 18:26

    While deciding on portfolio constituents, it is essential an investors to analyse his / her risk profile and the rewards expectation. Depending on the risk taking

  • FIIs net buy $114.1 mn in equity on Dec 8

    10th December, 2008 18:14

    FIIs were net buyers to the tune $114.1 million in equity on December 8, reports CNBC-TV18.

  • Next Generation Shopping

    10th December, 2008 18:07

    It is now a cliché to say this, but Retail in India is changing. But most of what has been written about and talked about is not what this is about. Traditional bo

  • Rupee, bonds close higher

    10th December, 2008 17:49

    Rupee climbed to near four-week high against the USD because a surge in local shares lifted sentiment for the local unit. The spot rupee ended higher at Rs 48.98 p

  • Telecom subscriber additions to remain robust in near term

    10th December, 2008 17:44

    The telecom subscriber additions will remain robust in near term due to rising mobile affordability; declining handset prices & rapidly increasing coverage. Howeve

  • Be cautious on hotels sector

    10th December, 2008 17:36

    The recent attacks in Mumbai at Hotel Taj Mahal Palace & Towers and Oberoi & Trident Tower will be a setback for Indian hospitality sector in the near-to-medium te

  • Hindalco, SBI, Exide Industries top picks: ICICI MF

    10th December, 2008 17:11

    ICICI Prudential Mutual Fund has increased exposure to Banking & Financial Services, Telecommunication and Metals & Mining sectors while has reduced to Oil & Gas,

  • Tagan introduces 80+ Bronze SuperRock Series PSU in India

    10th December, 2008 17:10

    TAGAN always aim for challenging the limits on her innovation and development. Except the PipeRock, patent and unique metal illuminated modular connectors w/ cable

  • British Airways looks for tie-ups for flights to Hyderabad 

    10th December, 2008 16:53

    Here's evidence of India emerging as a lucrative market for airline companies. At a time when airlines around the world are struggling for survival, UK's flagship

  • Financial Technologies Group & MCX unveil 'Bourse Africa'

    10th December, 2008 16:41

    Financial Technologies India Ltd (FTIL) group has inked a deal to acquire 60 per cent stake in Botswana-based Bourse Africa Limited, which has been licensed by gov

  • B'lore police arms hoteliers with guns post attacks 

    10th December, 2008 16:36

    The shocking terror attacks on Mumbai seem to have given security agencies the belief that traditional security measures are no longer sufficient. In Bengaluru, th

  • Beating the slowdown, GMR shops for coal mines abroad 

    10th December, 2008 16:12

    The economy may have slowed down, but that has not stopped power companies from picking up coal mine assets abroad. It's now GMR's turn to inch close to acquiring

  • Mkts' current rally counts as a breakout: Experts 

    10th December, 2008 16:07

    Deven Choksey of KR Choksey Securities feels that technically, the market has created a good amount of balance at the bottom level. He expects the steam to continu

  • Rico Auto Ind eyes 20-22% growth in FY09-10 

    10th December, 2008 15:59

    Arvind Kapur, MD, Rico Auto Industries said it is very important that the US government must support the big three auto companies and their survival is very critic

  • News channels see surge in ratings post terror attacks

    10th December, 2008 15:56

    Not surprisingly, news channels in India saw an unprecedented surge in ratings during the recent terror attacks. That's according to the latest TAM data. But the q

  • Angel neutral on Deccan Chronicle

    10th December, 2008 15:49

    Angel broking has maintained its neutral rating on Deccan Chronicle Holdings (DCHL). Going ahead, the research firm believe's DCHL's core business of Print Media i

  • Capt Gopinath to foray into express logistics biz 

    10th December, 2008 15:47

    Serial entrepreneur Captain Gopinath is thinking big. He now wants a major chunk of India's USD 1 billion express logistics business.

  • Franklin India Flexi Cap buys banking, sells IT

    10th December, 2008 15:42

    Franklin India Flexi Cap Fund has increased its weightage to Pharmaceuticals, Banking & Financial Services sectors, while has reduced its exposure to Information T

  • Expect 8-10% upmove in Reliance Comm: Bhambwani 

    10th December, 2008 15:34

    Technical Analyst, Vijay Bhambwani is of the view that one can expect 8-10% upmove in Reliance Communication.

  • IL&FS Realty Fund II closes at $895 mn

    10th December, 2008 15:33

    IL&FS Investment Managers Limited (IIML) announced the final close of IL&FS India Realty Fund – II (IIRF2) at US$ 895 mn, exceeding its target of US$ 750 m

  • Lanco Infra's 2K MW plant likely to get fin closure this yr 

    10th December, 2008 15:31

    G Venkatesh Babu, MD, Lanco Infratech, said, the company has achieved financial closure for about 4,700 mw power plant, which is under construction, adding that 2,

  • S&P: HSBC Pvt Bk 'AA/A-1+' ratings assigned; Outlook stable

    10th December, 2008 15:23

    S&P: HSBC Private Bank (C.I.) Ltd. 'AA/A-1+' Ratings Assigned; Outlook Stable

  • SAP ruling unclear; sugar mills may approach SC 

    10th December, 2008 15:18

    After dragging its feet for weeks, the Allahabad High Court has rejected Uttar Pradesh Sugar Mills' plea on state administered price for cane and has upheld SAP at

  • P Phani positive on infrastructure, banking

    10th December, 2008 15:14

    P Phani Sekhar, Fund Manager of Angel Broking is positive on infrastructure, banking and largecap IT space.

  • Mercator Lines shoots up on large volumes

    10th December, 2008 15:10

    Mercator Lines has touched an intra day high of Rs 27.70 and an intra day low of Rs 23.30. At 3 pm, the share was quoting at Rs 27.35, up Rs 4.25, or 18.40%. It wa

  • Karvy positive on Banking Sector

    10th December, 2008 15:08

    According to Karvy Stock Broking's report, the research fim remains positive on banking sector and on selective stocks likes SBI, PNB and UBI under state-owned ban

  • Franklin (I) Prima Plus buys oil, banking; sells engg

    10th December, 2008 15:07

    Franklin India Prima Plus Fund increased its weightage to oil & gas, banking, pharma, chemicals and food & beverages sector, while decreased its exposure to consum

  • Don't see current rally lasting till month-end: DKW  

    10th December, 2008 15:05

    Arnab Das, Head-EM Research and Strategy, Dresdner Kleinwort Wasserstein or DKW, said, he would be surprised to see current rally lasting till month-end, as global

  • Asian markets end higher

    10th December, 2008 15:04

    Asian markets ended higher. China's Shanghai Composite rose 2.03% or 41.38 points at 2,079.12. Hong Kong's Hang Seng gained 5.59% or 824.52 points at 15,577.74. Ja

  • Larsen witnesses buying interest

    10th December, 2008 15:00

    Larsen and Toubro had touched an intraday high of Rs 780 and an intraday low of Rs 741.30. At 2:56 pm, the share was quoting at Rs 776.00, up Rs 35.80, or 4.84%. I

  • IVRCL Infra has target of Rs 168-170: Bose

    10th December, 2008 14:55

    Technical Analyst, Rajat K Bose is of the view that IVRCL Infrastructure and Projects has target of Rs 168-170.

  • Maytas Infra bags Godavari Drinking Water Supply Scheme

    10th December, 2008 14:52

    Maytas Infra Limited, a Hyderabad based construction and infrastructure Development Company announced that the Hyderabad Metropolitan Water Supply and Sewerage Boa

  • Lanco Infratech spurts up 14%

    10th December, 2008 14:43

    Lanco Infratech had touched an intraday high of Rs 141.70 and an intraday low of Rs 125. At 2:34 pm, the share was quoting at Rs 141, up Rs 17.40, or 14.08%. It wa

  • ICICI Bank continues to gain

    10th December, 2008 14:38

    ICICI Bank has continued to gain. It had touched an intraday high of Rs 392.40 and an intraday low of Rs 372. At 2:29 pm, the share was quoting at Rs 386.15, up Rs

  • Looking beyond borders for lessons in handling terrorism

    10th December, 2008 14:35

    At a time when India is evaluating ways to beef up its response and prevention mechanism against terror attacks, lessons may be learnt from other cities like Londo

  • MTNL to launch 3G services, stock up

    10th December, 2008 14:27

    MTNL had touched an intraday high of Rs 74.65 and an intraday low of Rs 73.50 At 2:15 pm, the share was quoting at Rs 74.05, up Rs 1.10, or 1.51%. The company is g

  • Maytas Infra bags order worth Rs 169.5cr; stk down

    10th December, 2008 14:09

    Maytas Infra had touched an intraday high of Rs 486 and an intraday low of Rs 473.55. At 1:59 pm, the share was quoting at Rs 473.55, down Rs 9.55, or 1.98%. The c

  • Hold Ambuja Cements, says Mohoni 

    10th December, 2008 14:01

    Technical Analyst, Deepak Mohoni is of the view that one can hold Ambuja Cements.

  • HDIL advances 12.5%

    10th December, 2008 13:55

    HDIL had touched an intraday high of Rs 102.15 and an intraday low of Rs 90.30. At 1:46 pm, the share was quoting at Rs 100.50, up Rs 11.15, or 12.48%. It was trad

  • European markets trading mixed

    10th December, 2008 13:48

    European markets were trading mixed. CAC 40 was flat 3,297.78. DAX rose 0.525 or 24.86 points at 4,803.97. FTSE 100 fell 0.205 or 8.98 points at 4,372.28.

  • Nifty hits 2900 mark; RIL, ONGC, Bharti, L&T, HDFC lead

    10th December, 2008 13:44

    Continuous buying in oil, technology, metal, capital goods, telecom and power is supporting the benchmark indices. Midcap and small cap stocks are also on buyers'

  • DLF looks good for trading: Mohoni 

    10th December, 2008 13:41

    Technical Analyst, Deepak Mohoni is of the view that DLF is looking good for trading on the long side intraday or a day or two positions, the long term is still a

  • TAKE Solutions as fastest growing tech co: Deloitte

    10th December, 2008 13:34

    TAKE Solutions Ltd., leaders in Supply Chain Management (SCM) and Life Sciences products, today announced that it has been ranked amongst the top 10 winners in the

  • Good day for currencies, commodities 

    10th December, 2008 13:28

    It has been a good day for all currencies leaving the US dollar apart. Hong Kong dollar is trading firm, but trade is stuck to a narrow range against US dollar. Se

  • Maruti Suzuki cars to be cheaper

    10th December, 2008 13:20

    Car market leader Maruti Suzuki India Limited has passed on the full benefit of excise duty reduction to customers. This follows the announcement by the Union Gove

  • Hindalco Industries marches ahead

    10th December, 2008 13:11

    Hindalco Industries had touched an intraday high of Rs 53.85 and an intraday low of Rs 50.90. At 1:02 pm, the share was quoting at Rs 53, up Rs 2.30, or 4.54%. It

  • Effects of fiscal pkg to be seen in 10-weeks: Kotak Mah Cap 

    10th December, 2008 13:10

    Shanti Ekambaram, Director at Kotak Mahindra Capital feels that the effects of the stimulus package will not be noticed immediately but over a period of coming ten

  • Huge put writing happening at 2700 & 2800 levels 

    10th December, 2008 13:08

    The PCR is at 1.25 compared to 1.13 which was yesterday's close and this is happening because there is a huge put writing happening at 2,700 and 2,800 levels. The

  • House of Pearl to acquire 38% in Nam Long, stk up

    10th December, 2008 13:00

    House of Pearl Fashions had touched an intraday high of Rs 62.60 and an intraday low of Rs 60.85. At 12:50 pm, the share was quoting at Rs 62, up Rs 1.95, or 3.25%

  • Rs 10K-cr bonds to be issued in tranches: IIFCL 

    10th December, 2008 12:56

    SS Kohli, CMD, IIFCL, said as per the fiscal stimulus package announced on Sunday, the company has been permitted to raise Rs 10,000 crore through tax-free bonds f

  • Sell BHEL below Rs 1361: ICICIdirect.com

    10th December, 2008 12:51

    ICICIdirect.com has recommended to sell Bharat Heavy Electricals (BHEL) below Rs 1361 with a stoploss of Rs 1363 and target of Rs 1350/1320/lower.

  • Sensex tests 9500; metal, oil, telecom, CG support

    10th December, 2008 12:49

    The benchmark indices are seeing huge buying interest. Realty, metal, oil, telecom, capital goods, technology, power, and banking stocks are on buyers' radar. Midc

  • Buy Bajaj Auto, target of Rs 620: Angel

    10th December, 2008 12:44

    Angel Broking has maintained its buy rating on Bajaj Auto with a target price of Rs 620. Hero Honda and Bajaj Auto announced to cut rates of their vehicles followi

  • Wipro gains further ground

    10th December, 2008 12:41

    Wipro had touched an intraday high of Rs 254.30 and an intraday low of Rs 237.50. At 12:31 pm, the share was quoting at Rs 252.50, up Rs 14.20, or 5.96%. It was tr

  • Accumulate Hero Honda, target of Rs 855: Angel

    10th December, 2008 12:36

    Angel Broking has maintained its accumulate rating on Hero Honda Motors with a target price of Rs 855. Hero Honda and Bajaj Auto announced to cut rates of their ve

  • Mirae Asset declares dividend in its Interval Fund

    10th December, 2008 12:33

    Mirae Asset Mutual Fund has announced that it has declared dividend under the Mirae Asset Interval Fund –Quarterly plan – Series II, a debt oriented interval schem

  • ONGC maintains its march ahead

    10th December, 2008 12:23

    ONGC had touched an intraday high of Rs 697 and an intraday low of Rs 660.10. At 12:12 pm, the share was quoting at Rs 693.60, up Rs 34.15, or 5.18%. It was tradin

  • Financial Tech surges after 60% stake buy in Bourse Africa

    10th December, 2008 12:12

    Financial Technologies had touched an intraday high of Rs 534.70 and an intraday low of Rs 523. At 12:01 pm, the share was quoting at Rs 525, up Rs 3.80, or 0.73%.

  • Reliance Communications forges ahead

    10th December, 2008 12:00

    Reliance Communications had touched an intraday high of Rs 221.35 and an intraday low of Rs 209. At 11:51 am, the share was quoting at Rs 220.50, up Rs 13.45, or 6

  • Franklin (I) Bluechip Fund picks telecom, chemicals, oil

    10th December, 2008 11:59

    Franklin India Bluechip Fund increased its weightage to telecom, chemical, oil & gas, food & beverages, pharma and auto sectors, while slashed its exposure to bank

  • Hold Ambuja Cements, says Mukadam

    10th December, 2008 11:56

    Shahina Mukadam, Director of Varun Capital Markets is of the view that one can hold Ambuja Cements because there are some benefits that the government has given in

  • Hold Hindustan Unilever: Indiabulls Securities

    10th December, 2008 11:52

    Indiabulls Securities Research has maintained its hold rating on Hindustan Unilever (HUL). The research firm's DCF-based valuation gives a fair value estimate of R

  • Solid gain for Tata Steel

    10th December, 2008 11:48

    Tata Steel had touched an intraday high of Rs 206.35 and an intraday low of Rs 197. At 11:38 am, the share was quoting at Rs 203.65, up Rs 7.65, or 3.90%. It was t

  • Jaiprakash Associates gushes forth

    10th December, 2008 11:42

    Jaiprakash Associates had touched an intraday high of Rs 74.40 and an intraday low of Rs 69.20. At 11:32 am, the share was quoting at Rs 72.60, up Rs 3.95, or 5.75

  • Buy Bharti Airtel, target of Rs 964: HDFC Securities

    10th December, 2008 11:41

    HDFC Securities has maintained its buy rating on Bharti Airtel with a target price of Rs 964 which translates into an upside of 38% from current levels. Bharti Air

  • SAIL adds 16 lakh shares in Open Interest 

    10th December, 2008 11:38

    SAIL is up 9% in cash markets and seen a build up of 16 lakh shares. Its futures was seen 12% build up in open interest on Monday.

  • Tata Motors top loser on the Sensex

    10th December, 2008 11:35

    Tata Motors is top loser on the Sensex. It has touched an intraday high of Rs 157 and an intraday low of Rs 146.30. At 11:25 am, the share was quoting at Rs 146.95

  • Wipro can touch Rs 260: N Pillai 

    10th December, 2008 11:32

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that Wipro can touch Rs 26. For Satyam any close below Rs 220 is going to become weaker more. Rolt

  • Unhappy with fiscal package, MSMEs want more sops 

    10th December, 2008 11:27

    Even as various sectors come to terms with the implications of the government’s fiscal package, micro, small and medium enterprises (MSMEs) are already asking for

  • Buy Reliance Communications: Angel

    10th December, 2008 11:16

    Angel Broking has maintained its buy rating on Reliance Communications. The Anil Ambani-promoted Reliance Communications (RCOM) is set to be the first company to b

  • Indian GDRs: L&T up 3.7%, Gail up 3.5%

    10th December, 2008 11:13

    Indian GDRs: L&T was up 3.74% at USD 15.25, Gail gained 3.58% at USD 25.48, Tata Comm rose 3.18% at USD 19.47 and Dr Reddys gained 2.37% at USD 9.92, while Tata Mo

  • SAP impact: Balrampur Chini sugar unit to incur loss  

    10th December, 2008 11:11

    Vivek Saraogi of Balrampur Chini said the company has to pay SAP (state advised price) Rs 140 per quintal of cane effective from this season, that is the current

  • NALCO gains further ground

    10th December, 2008 11:02

    NALCO has continued to gain. It had touched an intraday high of Rs 198.50 and an intraday low of Rs 184.80. At 10:54 am, the share was quoting at Rs 196.60, up Rs

  • Grasim Industries moves up smartly

    10th December, 2008 11:00

    Grasim Industries had touched an intra day high of Rs 1,032 and an intraday low of Rs 968. At 10:57 am, the share was quoting at Rs 1,030, up Rs 63.55, or 6.58%. I

  • SAIL top gainer on the Nifty

    10th December, 2008 10:58

    SAIL is the top gainer on the Nifty. It had touched an intraday high of Rs 75.90 and an intraday low of Rs 69.60. At 10:57 am, the share was quoting at Rs 75.55, u

  • Buy Balrampur Chini, Bajaj Hindustan: N Pillai

    10th December, 2008 10:43

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that one can buy Balrampur Chini, Bajaj Hindustan. Sugar space is going to give a 10-15% rise, whi

  • OPEC likely to cut output by nearly 2-2.5 mn barrels 

    10th December, 2008 10:38

    It is the equity markets in Asia, which have rebounded and giving support to crude prices. Also the Organization of the Petroleum Exporting Countries (OPEC) meet o

  • Bharti Airtel, BHEL, NTPC look expensive: Subramanium

    10th December, 2008 10:32

    R Venkat Subramanium of Kotak Securities s of the view that Bharti Airtel, BHEL, NTPC are looking expensive on any valuation parameters. The last leg of the fall c

  • Sell Jeera-Jan below Rs 10550: India Infoline

    10th December, 2008 10:26

    India Infoline has recommended to sell Jeera-Jan below Rs 10550 with a stoploss of Rs 10663 and target of Rs 10467, Rs 10380.

  • Wockhardt to raise $100 mn, stk rises

    10th December, 2008 10:20

    Wockhardt had touched an intraday high of Rs 102 and an intraday low of Rs 98.10. At 10:19 am, the share was quoting at Rs 98.55, up Rs 2.10, or 2.18% on the NSE.

  • Buy NTPC Dec Fut above Rs 167: ICICIdirect.com

    10th December, 2008 10:16

    ICICIdirect.com has recommended to buy NTPC December Futures above Rs 167 with a stoploss of Rs 165 and target of Rs 170.5, Rs 174.

  • Sensex has resistance at 9496: Hem

    10th December, 2008 10:11

    According to Hem Securities' Morning Note, the support for Sensex remains at 9095/8903 levels and resistance at 9241/9496 levels.

  • Sell Gold Feb at around Rs 12400: Mansukh Sec

    10th December, 2008 10:05

    Mansukh Securities and Finance has recommended to sell Gold February at around Rs 12400 with stoploss above Rs 12510 for the target of Rs 12150.

  • Most debt MFs have 25% AUM exposure to single sector 

    10th December, 2008 10:01

    Almost all debt funds have more than 25% of their assets under management exposure to a single sector and this revelation in credit agency Crisil's study suggests

  • You are also your capital!

    10th December, 2008 10:00

    Gaurav Mashruwala talks about investments, asset allocation and human capital.

  • Meltdown hits exporters; big, small firms report layoffs

    10th December, 2008 10:00

    Ashok Leyland, Tata Motors, Cadila, and Orient Craft are among exporting firms that have reported laying-off workers to the Commerce Ministry. Even those in the bu

  • Tata Comm continues to rise

    10th December, 2008 10:00

    Tata Comm has continued to rise. It had touched an intraday high of Rs 469.80 and an intraday low of Rs 450. At 09:59 am, the share was quoting at Rs 466.50, up Rs

  • Nifty has resistance between 3000-3155: Networth

    10th December, 2008 09:54

    According to Networth Stock Broking's Market Review report, the immediate resistance on Nifty's is a range between 3000-3155 while support is visible at 2510.

  • Buy Nifty on dips: Nirmal Bang

    10th December, 2008 09:50

    According to Nirmal Bang's report, going forward buying is sensible on dips with a stop of 2740-2700 and on the higher side nifty will face resistance in the regio

  • Expect positive opening: Mafatlal Securities

    10th December, 2008 09:44

    According to Mafatlal Securities' report, Indian market is likely to open positive as Asian markets are trading positive on investors predicted stimulus packages f

  • Mkts continue Mon rally; RIL, Bharti, Infy, ONGC lead

    10th December, 2008 09:41

    The markets are trading up in early trade and are continuing Monday's rally further. Positive Asian markets and an uptrend in SGX Nifty are suggesting a good day f

  • PSU banks still waiting for farm loan waiver dues 

    10th December, 2008 09:37

    It seems like the widening fiscal deficit is forcing the government to put its promises on hold. Public sector banks are yet to receive their promised farm loan wa

  • Sensex has resistance at 9433: LKP Shares

    10th December, 2008 09:35

    According to LKP Shares' report, for BSE Sensex support is at 9020, 8890, 8725, 8467 and resistance is at 9230, 9365, 9433, 9570.

  • See Re at 47-48/$ if equities stabilise: StanChart Bk 

    10th December, 2008 09:33

    Hemant Mishr, Head-Global Markets, Standard Chartered Bank, said the rupee will continue to stay volatile. He expects equities to be the key leading indicator goin

  • See rally if mkt closes at 9320: Neppolian Pillai 

    10th December, 2008 09:27

    Neppolian Pillai, Head-Institutional Equity, Modern Shares and Stock Brokers, feels the markets will get into a trading uptrend if it can close beyond 2,820. "If t

  • Sensex may test 9630-9750: Angel

    10th December, 2008 09:26

    According to Angel Broking's Technical Analysis report, if the indices convincingly close above 9326/2840 then indices may test 9630-9750/2950–3000 levels.

  • Who are the contenders for FM's post? 

    10th December, 2008 09:22

    It now seems like there is no reshuffle or expansion of the Union Cabinet immediately, but there was a buzz on Tuesday that it is likely to happen. CNBC-TV18’s Sen

  • Expect markets to open higher: Anagram

    10th December, 2008 09:13

    According to Anagram Research's report, the markets will take some solace from the fact that FIIs have been net buyers in all the segments. That should help the ma

  • Expect positive opening: Gujral

    10th December, 2008 09:09

    Market may have positive opening today and may consolidate here with a narrow range. The biases are on down side. supports are at 2580-2630 and resistances are at

  • Sell MCX Feb Gold at Rs 12370-12400: Manglik

    10th December, 2008 09:05

    I am bearish on gold and nickel. For gold sell MCX February at Rs 12,370-12,400 per 10 grams with a target of Rs 12,200 per 10 grams, says Manglik.

  • Nifty has resistance around 2850-2900 levels 

    10th December, 2008 08:56

    FIIs net bought USD 70 million while DIIs net sold Rs 617 crore in cash on December 8. DIIs sold nearly Rs 801 crore in last 2 days. The Nifty resistance is seen a

  • Mkts likely to be range bound in Dec: Tushar Mahajan 

    10th December, 2008 08:51

    The markets are likely to be range bound in December. Support for Nifty is seen at 2500 and resistance is seen between 2800-2900, says Tushar Mahajan.

  • Bail us out, 2.5 lakh jobs are at stake: BPOs tell govt 

    10th December, 2008 08:48

    The terror attacks combined with the global slowdown has India's BPO (Business Process Outsourcing) industry worried. They are demanding a bailout package from the

  • Nifty likely to witness range of 2875-2930: Bhambwani

    10th December, 2008 08:39

    The coming session is likely to witness a range of 2875 on advances above which the 2930 mark is possible. Declines will see the 2685 levels being the immediate ba

  • FIIs net buy Rs 925 crore in Nifty futures 

    10th December, 2008 08:36

    Nifty Open Interest PCR increased to 1.13 versus 1.08. Nifty 2700 Put added 10 lakh shares in Open Interest. Nifty 2800 Put added 6 lakh shares in Open Interest. N

  • Support for the Sensex at 8915: Gaba

    10th December, 2008 08:33

    The support for the Sensex is 8915 and the resistance to the up move is at 9320-9478-9630.

  • Iron ore exports to China picking up slowly

    10th December, 2008 08:30

    Chinese demand for Indian iron ore is picking up slowly over the past few weeks and miners are expecting that the removal of export duty on iron ore by the Centre

  • M&M says slowdown beyond March hard to endure

    10th December, 2008 08:27

    Mahindra & Mahindra says that it can hold out in this slowdown only till March after which “some very difficult steps will have to be taken”.

  • The new Finance Minister: economist or politician?

    10th December, 2008 08:25

    The Capital was rife with speculation on Tuesday about who would be the next Finance Minister. At one point it was even thought that the swearing-in ceremony would

  • Market cues: FIIs net buy $12.7 mn

    10th December, 2008 08:17

    Market cues: FIIs net buy $12.7 m in equity on December 7.

  • Indian ADRs: HDFC Bank down 4.3%, Infosys down 3.7%

    10th December, 2008 08:15

    Indian ADRs: HDFC Bank, Infosys, ICICI Bank, Tata Motors, Sterlite, Satyam, MTNL and Patni slipped.

  • US automakers rescue plan stalls on legal grounds 

    10th December, 2008 08:11

    US markets witnessed profit booking after two days of rally as reports suggest that US automakers rescue plan stalled on legal grounds and decision could even be d

  • Spot rubber rules steady

    10th December, 2008 08:09

    The rubber prices maintained the steady mood on Tuesday. According to market circles there were no sellers in the market as most of the traders seemed unwilling to

  • Hold metal stocks: V Kapoor

    10th December, 2008 20:50

    Vibhav Kapoor of IL&FS Investmart is of the view that one should hold metal stocks for another 10-20% upside and then book profit.

  • Book profit in Reliance says Sukhani

    10th December, 2008 20:41

    Technical Analyst, Sudarshan Sukhani is of the view that one should book profit in Reliance Industries at whatever opportunity he/she gets.

  • 3G auction process may roll out on Thursday 

    10th December, 2008 20:38

    The Telecom Regulatory Authority of India or TRAI has recommended 2 % annual administrative charges for third generation or 3G spectrum The government has been pla

  • Liquidity injection, rate cuts: +ve for consumer durables 

    10th December, 2008 20:26

    The fresh liquidity injection by the government and the cut in cenvat will help the consumer durables industry weather the economic storm better. That's what the i

  • US markets open higher: Dow up 85 points

    10th December, 2008 20:05

    US markets have opened higher. The Dow Jones Industrial Average is up 84.90 points or 0.98% at 8,776.23. The Nasdaq up 11.92 points or 0.77% to 1,559.26 and S&P 50

  • Markets end in green: Anagram

    10th December, 2008 19:42

    According to Anagram Research's Daily Market Review, Indices surged more than 5% in today’s trade aided by index heavyweights. Sensex rose 492 points to close at 9

  • Experts who had predicted current market mayhem

    10th December, 2008 19:04

    On January 10, 2008, the Sensex stood high at 21206.77 points and the Nifty at 6357.10 points on the same date. But eventually the bubble burst. Even as optimists

  • Markets breakout on higher side: Nirmal Bang

    10th December, 2008 19:01

    According to Nirmal Bang's After Market report, Indian stocks finally gave a breakout on the higher side and the Nifty managed to end above 2900 levels after a lon

  • ICICI Pru Infra Fund buys banking, metal; sells engg

    10th December, 2008 18:33

    ICICI Prudential Infrastructure Fund has increased its weightage in banking, telecommunication and metals & mining sectors, while slashed its exposure to oil & gas

  • Mutual Funds net sell Rs 273.7 cr in equity on Dec 8

    10th December, 2008 18:15

    Mutual Funds net sold Rs 273.7 crore in equity on December 8, reports CNBC-TV18.

  • Fitch downgrades DLF on debt concerns

    10th December, 2008 18:11

    Fitch has downgraded DLF for a debt of Rs 1,800 crore, as the ratings agency is concerned about receivables due from DAL or DLF Assets Ltd, which amount to Rs 4,80

  • LIC launches Jeevan Aastha- single premium product

    10th December, 2008 18:01

    Lic Launches “Jeevan Aastha” – A Single Premium Product With Guaranteed Benefits On Maturity & Death. The plan is Close-Ended with maximum shelf life of 45 day

  • Lower interest rates to benefit auto, banks, realty

    10th December, 2008 17:45

    The potential softening of interest rate is likely to benefit various sectors, prime among which are Banking, Automobiles, Real Estate and Construction

  • Positive on Pharma & Healthcare

    10th December, 2008 17:39

    The pharmaceuticals and basic healthcare industry is insulated from economic slowdown and is considered as defensive industry from the investment perspective

  • Maytas Infra opens Padalur-Samayapuram 4 lane road in TN

    10th December, 2008 17:20

    Maytas Infra Limited, a Hyderabad based construction and infrastructure Development Company takes pride in announcing the inauguration of the Padalur – Samayapuram

  • Buy gold above $790/oz: Dani Commodities  

    10th December, 2008 17:11

    Kaushal Jaini, Asst. Vice President, Dani Commodities advises to buy gold above USD 790/oz with a target of USD 825/oz and stop loss at USD 780/oz. He advices to b

  • Thomas Cook appoints Avian Media as Public Relations Agency

    10th December, 2008 17:01

    Thomas Cook India Ltd., an internationally renowned travel and financial services agency, has announced today that it has appointed Avian Media as its communicatio

  • 3i Infotech empowers Rural India through I-SERV

    10th December, 2008 16:51

    3i Infotech announced the launch of I-SERV, a brand for its retail services. Under the I-SERV brand a comprehensive range of value added services will be provided

  • Buy NTPC, says Choksey 

    10th December, 2008 16:40

    Deven Choksey of KR Choksey Securities is of the view that one can buy NTPC.

  • Global meltdown slows IPO appetite of entrepreneurs 

    10th December, 2008 16:25

    Entrepreneurs who are looking to raise funds by selling stake in their businesses are in for a tough time. A study by Barclays Wealth shows that the appetite for I

  • ESS wins intranet portal development contract

    10th December, 2008 16:11

    Eastern Software System has announced that it has won contract from the Directorate of Corruption and Economic Crime (DCEC), an operationally autonomous law enforc

  • The Vodafone Tax Debate 

    10th December, 2008 16:05

    The Bombay High Court judgement in the Vodafone tax case is out and it is time to analyze the fine print. To understand the taxability of the Hutch Vodafone transa

  • Small debt funds face concentration risk: CRISIL

    10th December, 2008 15:58

    CRISIL’s analysis reveals that the portfolio credit quality of most Indian debt mutual fund schemes is strong. However, a majority of schemes have single-industry

  • US weekly crude inventories to announce today 

    10th December, 2008 15:50

    Asian markets ended sharply higher. Hang Seng rose 5.59%. Shanghai, Nikkei, Straits Times, Kospi, Taiwan and Jakarta gained 2-4.2%.

  • Bajaj Auto: 2-wheeler prices reduced by upto Rs 2100/-

    10th December, 2008 15:49

    Bajaj Auto has passed on the benefit of the excise reduction in the Cenvat rate reduction to its customers. The company has announced price reduction ranging upto

  • Crude may see more pressure if supply increases 

    10th December, 2008 15:43

    This would be actually an 11th week wherein we would see another gain happening in case of crude, gasoline and distillery stocks. If the supplies gain more than wh

  • SAIL sees about 18-19% open interest build up 

    10th December, 2008 15:39

    Metals pack was one space that did stand out; Steel Authority of India (SAIL) was one counter that was up about 15% with about 18-19% open interest build up.

  • Mkts end strong led by commodity stocks; realty up 12.5%

    10th December, 2008 15:34

    It was a strong session for the benchmark indices and that continued for the second consecutive day. Huge buying in metal, oil, telecom and capital goods stocks bo

  • Buy steel stocks at lower level: Choksey 

    10th December, 2008 15:32

    Deven Choksey of KR Choksey Securities is of the view that one can buy steel stocks at lower level and stay invested for little higher period of time so that one c

  • Switch to Tata Steel Says Bhambwani 

    10th December, 2008 15:28

    Technical Analyst, Vijay Bhambwani is of the view that one can book profits in SAIL and switch to Tata Steel.

  • Post Mumbai attacks: Where are Indo-Pak relations headed? 

    10th December, 2008 15:19

    As tension mounts in the sub-continent with peace forgotten and war in the air, where are relations between India and Pakistan headed? Are the two countries still

  • SAP ruling aftermath: Sugar output to decline by 8 mt 

    10th December, 2008 15:18

    After dragging its feet for weeks, the Allahabad High Court has rejected Uttar Pradesh sugar mills' plea on state-administered price (SAP) for cane and has upheld

  • GE Shipping up on huge volumes

    10th December, 2008 15:11

    GE Shipping was trading with volumes of 192,337 shares. It had touched an intraday high of Rs 165.90 and an intraday low of Rs 144.35. At 3:02 pm, the share was qu

  • Big TV launches Multi-Dwelling Units service

    10th December, 2008 15:09

    Big TV DTH, the fastest growing DTH service in India, is offering Multi-Dwelling Unit installation service across India. BIG TV reached the magic figure of 1 milli

  • Bharti Airtel makes smart gain

    10th December, 2008 15:08

    Bharti Airtel has continued to gain. It had touched an intraday high of Rs 737.90 and an intraday low of Rs 707. At 2:59 pm, the share was quoting at Rs 732.00, up

  • Reliance Industries flares up

    10th December, 2008 15:07

    Reliance Industries had touched an intraday high of Rs 1,218.20 and an intraday low of Rs 1,135. At 2:56 pm, the share was quoting at Rs 1,214.80, up Rs 94.80, or

  • Mkts strong; oil, metal, telecom, pvt bank, shipping surge

    10th December, 2008 15:05

    Metal, oil, telecom and private banking stocks are leading today's rally. Volumes are pretty high. The Sensex has crossed 9600 level and the Nifty is trading above

  • Avoid real estate, auto space: P Phani

    10th December, 2008 15:00

    P Phani Sekhar, Fund Manager of Angel Broking is of the view that one can ignore real estate and auto space.

  • Bartronics Asia gets EPPU registration

    10th December, 2008 15:00

    Bartronics Asia Pte Ltd, a wholly owned subsidiary of Bartronics India Ltd has secured EPPU (Expenditure and Procurement Policies Unit) registration with a S10 (hi

  • Quantum MF launches Quantum Tax Saving Fund

    10th December, 2008 14:53

    Quantum Mutual Fund has launched Quantum Tax Saving Fund, which aims to achieve long-term capital appreciation by investing primarily in shares of companies that w

  • Wipro Tech wins Network World Asia IT All Stars Award 08

    10th December, 2008 14:45

    Wipro Technologies, the global IT services business of Wipro Limited announced it has won the Network World Asia IT All Stars Award 2008 for innovative use of tech

  • Put-call ratio up to 1.27 from 1.08 

    10th December, 2008 14:40

    Put-call ratio went up from 1.08 to 1.27 in today's trade. Put writing is happening at 2800 levels and it has seen 100% build up in open interest. Metal stocks are

  • Patni amongst the Top 10 Insurance Technology Vendors in 08

    10th December, 2008 14:37

    Patni amongst the Top 10 Insurance Technology Vendors in 2008 FinTech 100 Ranking

  • Incremental flows positive at FII desk 

    10th December, 2008 14:28

    Incremental flows are positive at FII desk; buy-sell ratio stood at 3:2. Redemption–based selling pressure has abated now.

  • Tata Power advances 6.5%

    10th December, 2008 14:20

    Tata Power Company had touched an intraday high of Rs 737.80 and an intraday low of Rs 690. At 2:09 pm, the share was quoting at Rs 731.90, up Rs 44.70, or 6.50%.

  • R-Comm may buy back $1 bn FCCB maturing 2012: Sources 

    10th December, 2008 14:08

    Sources said Reliance Communications expects to buyback 15-20% of its USD 1 billion FCCB, or foreign currency convertible bond, maturing 2012. The company may spen

  • HDFC shoots up smartly

    10th December, 2008 13:58

    HDFC had touched an intraday high of Rs 1,611.80 and an intraday low of Rs 1,502.15. At 1:49 pm, the share was quoting at Rs 1,599, up Rs 87.80, or 5.81%. It was t

  • Pros and cons of investing in corporate deposits 

    10th December, 2008 13:50

    With liquidity being tight, India Inc is resorting to corporate deposits to raise funds. So, what are the pros and cons of investing through this route? Corporate

  • Don't see any job losses in BPO, ITES sector: Nasscom 

    10th December, 2008 13:47

    The National Association of Software and Services Companies (NASSCOM) strongly feels it is unlikely to see any job losses in the BPO or ITES (Iinformation Technolo

  • mGinger launches mCoupons with a big bang!

    10th December, 2008 13:43

    mGinger, a mobile advertising start-up, offering the first of its kind opt-in permission-based mobile advertising, has taken a great leap forward with the launch o

  • Oberoi Group may hike stake in EIH to over 50% in 6 months 

    10th December, 2008 13:38

    Oberoi Group Chairman PRS Oberoi said that they are looking at their hiking stake in EIH to over 50% in the next 6 months. Oberoi said that he is not looking at bu

  • Suzlon Energy among major gainers

    10th December, 2008 13:29

    Suzlon Energy is among major gainers on the Nifty. It has touched an intraday high of Rs 50.50 and an intraday low of Rs 45.20. At 1:28 pm, the share was quoting a

  • Glenmark Pharma in poor health

    10th December, 2008 13:23

    Glenmark Pharma has touched an intra day high of Rs 286.70 and an intra day low of Rs 253.60. At 1:14 pm, the share was quoting at Rs 261, down Rs 20.75, or 7.36%.

  • Tata Coffee up on buzz of Russian JV

    10th December, 2008 13:19

    Tata Coffee had touched an intraday high of Rs 157 and an intraday low of Rs 154.10. At 1:07 pm, the share was quoting at Rs 157, up Rs 1.25, or 0.80%. The company

  • Ford India slashes prices across its model range

    10th December, 2008 13:11

    Ford India announces a significant reduction in prices across its model range following the 4% reduction in advalorem CENVAT rates announced by the Union governmen

  • Buy HUL above Rs 238: ICICIdirect.com

    10th December, 2008 13:08

    ICICIdirect.com has recommended to buy Hindustan Unilever (HUL) above Rs 238 with a stoploss of Rs 237 and target of Rs 241/245/higher.

  • Reliance Money announces agreement with DBS Vickers

    10th December, 2008 13:02

    Reliance Money, part of the Reliance Anil Dhirubhai Ambani Group, announced its agreement with DBS Vickers Securities (Singapore) Pte Ltd. (DBSV), to facilitate

  • Sell GE Shipping below Rs 148.25: ICICIdirect.com

    10th December, 2008 12:59

    ICICIdirect.com has recommended to sell Great Eastern Shipping Company (GE Shipping) below Rs 148.25 with a stoploss of Rs 149 and target of Rs 142/138/lower.

  • Unitech continues to gain

    10th December, 2008 12:55

    Unitech had touched an intraday high of Rs 34.75 and an intraday low of Rs 33.15. At 12:44 pm, the share was quoting at Rs 34.65, up Rs 1.80, or 5.48%. It was trad

  • Blue Coat market share grew by 18%

    10th December, 2008 12:51

    Blue Coat Systems, Inc., the leader in WAN Application Delivery and Secure Web Gateway, announced that it was ranked as the leader of the WAN optimization market a

  • Sesa Goa sees $30-40m rise in profit post export duty cut 

    10th December, 2008 12:45

    PK Mukherjee, Managing Director, Sesa Goa, said the removal of 8% export duty will make Indian iron ore competitive in the global market. With the scrapping of exp

  • Reliance Trends introduces Winter Fashion range

    10th December, 2008 12:43

    Reliance Trends, the apparel, luggage and accessories division of Reliance Retail, announced today the launch of its Winter Fashion wear catering to the entire fam

  • Sell SBI below Rs 1200: ICICIdirect.com

    10th December, 2008 12:39

    ICICIdirect.com has recommended to sell State Bank of India (SBI) below Rs 1200 with a stoploss of Rs 1202 and target of Rs 1170/1121/lower.

  • Cement cos cut prices by Rs 4-6/50kg bag

    10th December, 2008 12:34

    Cement makers have cut prices by Rs 4–6 per 50 kg bag from December 9, reports CNBC-TV18, quoting NewsWire18. The price cut comes close on the heels of excise duty

  • Buy Wipro: Angel Broking

    10th December, 2008 12:30

    Angel Broking has maintained its buy rating on Wipro. Security solutions provider McAfee Inc has announced a global alliance with Wipro Technologies. Under the al

  • Banking space looks attractive: P Nanda

    10th December, 2008 12:18

    Puneet Nanda, CIO of ICICI Prudential Life Insurance is of the view that banking space is one of the most attractive sectors right now on a relative basis.

  • JP Asso sees build up of 10 lakh shares in open interest 

    10th December, 2008 12:11

    Nifty futures added 28 lakh shares in open interest. Volumes are low today as well; F&O turnover, so far, stood at Rs 15,550 crore.

  • Buy Sterlite Industries, target of Rs 375: Indiabulls Sec

    10th December, 2008 12:00

    Indiabulls Securities Research has maintained its buy rating on Sterlite Industries (India) with a target price of Rs 375. The research firm has valued SEL by usin

  • Dr Reddys gets one more tender approval from AOK, stk up

    10th December, 2008 11:57

    Dr Reddys Labs had touched an intraday high of Rs 495.90 and an intra day low of Rs 482. At 11:44 am, the share was quoting at Rs 488, up Rs 6.80, or 1.41%. The co

  • Mkts surge higher; RIL, ONGC strong

    10th December, 2008 11:55

    Buying continues in metal, technology, oil, realty, telecom, power and capital goods stocks and that is helping the markets to remain in uptrend. Positive Asian ma

  • Hold LIC Housing Finance: Mukadam 

    10th December, 2008 11:49

    Shahina Mukadam, Director of Varun Capital Markets is of the view that one should hold LIC Housing Finance. There is some positive news coming in for the housing s

  • Buy DLF at lower level: Mukadam 

    10th December, 2008 11:45

    Shahina Mukadam, Director of Varun Capital Markets is of the view that one can buy DLF at lower level. At the same time one tries to hold rather than a buy at curr

  • Hold Sesa Goa: Mukadam 

    10th December, 2008 11:42

    Shahina Mukadam, Director of Varun Capital Markets is of the view that one should hold Sesa Goa. One could look for another 20% upside and book some profits.

  • Limited downside in Sesa Goa: Mohoni 

    10th December, 2008 11:39

    Technical Analyst, Deepak Mohoni is of the view that there is limited downside in Sesa Goa.

  • IL&FS Investment Managers invest $900 bn in realty 

    10th December, 2008 11:37

    The Indian real estate market is set to get about USD 900 million soon. IL&FS Investment Managers has closed its second realty fund, and is looking to invest in va

  • Buy OnMobile Global at declines: Asit C. Mehta

    10th December, 2008 11:34

    Asit C. Mehta has initiated a buy rating on OnMobile Global with a target price of Rs 234. Going forward the research firm believes that the company’s revenue will

  • SpiceJet soars on news of 20% increase in flights

    10th December, 2008 11:30

    SpiceJet had touched an intraday high of Rs 12.25 and an intraday low of Rs 11.56. At 11:18 am, the share was quoting at Rs 12.05, up Rs 0.14, or 1.18%. The compan

  • ACC cuts price of cement upto Rs 5 per bag, stock up

    10th December, 2008 11:21

    ACC had touched an intraday high of Rs 447 and an intraday low of Rs 433. At 11:11 am, the share was quoting at Rs 441.50, up Rs 8.10, or 1.87%. The company has re

  • Sardesai, Sharma see governance as key in general polls 

    10th December, 2008 11:15

    Both Rajdeep Sardesai of CNN IBN and Vinod Sharma of Hindustan Times feel the recently concluded state elections will have little impact on the general elections.

  • Nifty resistance seen at 2850-2900 levels 

    10th December, 2008 11:12

    Redemption–based selling pressure has abated now. Incremental flows at FII desk are marginally positive. Domestic institutions are still sitting on the sidelines.

  • Sell Ranbaxy, target of Rs 177: Reliance Money

    10th December, 2008 11:08

    Reliance Money has maintained its sell rating on Ranbaxy Laboratories with a target price of Rs 177. The forex fluctuation would continue to dent Ranbaxy’s perform

  • Sesa Goa surges 5.6%

    10th December, 2008 11:00

    Sesa Goa had touched an intraday high of Rs 78.30 and an intraday low of Rs 74.90. At 10:51 am, the share was quoting at Rs 77.80, up Rs 4.15, or 5.63%. It was tra

  • Buy Gold MCX 1st Month Future at Rs 12351: Hem

    10th December, 2008 10:58

    Hem Securities has recommended to buy Gold MCX 1st Month Future at Rs 12351 with a stoploss 12174 and target of Rs 12550.

  • Nifty holds above 2800; oil, tech, metal, telecom gain

    10th December, 2008 10:53

    The benchmark indices are trading higher on account of buying in realty, metal, oil, telecom, private banking, technology, power, and capital goods stocks. A bit o

  • Insurance sector to invest $3-4 bn funds: ICICI Pru 

    10th December, 2008 10:39

    Puneet Nanda of ICICI Prudential feels domestic flows are strong. "Even if FII flows are neutral in Q4, domestic flows would be enough to support the market." He e

  • See further cuts in repo, CRR by mid '09: Barclays Capital 

    10th December, 2008 10:33

    Peter Redward, Head-Rates Research for Emerging Asia, Barclays Capital, said the Reserve Bank's move was larger than expected. He sees further cuts and expects the

  • Buy Gold Feb above Rs 12400: India Infoline

    10th December, 2008 10:31

    India Infoline has recommended to buy Gold Feb above Rs 12400 with a stoploss of Rs 12367 and target of Rs 12432, Rs 12467, Rs 12498.

  • HDFC Bank to cut BPLR by 50 bps in 2 stages, stk gains

    10th December, 2008 10:23

    HDFC Bank had touched an intraday high of Rs 939.95 and an intraday low of Rs 903. At 10:22 am, the share was quoting at Rs 913.20, up Rs 15.20, or 1.69% on the NS

  • Pivet Finance buys 1% stake in EIH, stk up

    10th December, 2008 10:17

    EIH had touched an intraday high of Rs 118 and an intraday low of Rs 107.25. At 10:16 am, the share was quoting at Rs 115.45, up Rs 2.20, or 1.94% on the NSE. Pive

  • DLF among major gainers

    10th December, 2008 10:12

    DLF is among major gainers on the Nifty. It had touched an intraday high of Rs 232.30 and an intraday low of Rs 225. At 10:11 am, the share was quoting at Rs 230.6

  • Securities to be available in Trade for Trade seg

    10th December, 2008 10:11

    Trading in the securities given at Annexure- 1 will be available in Trade for Trade segment (series: BE) at a price band of 5% with effect from December 15, 2008 (

  • Idea Cellular can test Rs 57: N Pillai 

    10th December, 2008 10:04

    Neppolian Pillai of Modern Shares & Stock Brokers is of the opinion that Idea Cellular has been slowly and steadily improving from a bottom of about Rs 35 and it h

  • Auto sector likely to end '08 with single-digit growth 

    10th December, 2008 10:01

    The auto industry is headed for a negative growth for commercial vehicles and three wheelers. The auto sector is likely to close this year’s growth in a single dig

  • Buy Thermax above Rs 164: ICICIdirect.com

    10th December, 2008 10:00

    ICICIdirect.com has recommended to buy Thermax above Rs 164 with a stolposs of Rs 163 and target of Rs 168/175/higher.

  • Escorts up on large volumes

    10th December, 2008 10:00

    Escorts was trading with volumes of 233,728 shares. It had touched an intraday high of Rs 41.90 and an intraday low of Rs 37.10. At 10:05 am, the share was quoting

  • Sterlite Industries advances 5.3%

    10th December, 2008 09:57

    Sterlite Industries had touched an intraday high of Rs 266.35 and an intraday low of Rs 249. At 09:56 am, the share was quoting at Rs 263, up Rs 13.25, or 5.31% on

  • Tata Steel may add Rs 10-15: N Pillai 

    10th December, 2008 09:54

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that Tata Steel has rallied roughly from about Rs 145 level up to about Rs 195 now, it has another

  • Expect positive opening: Karvy

    10th December, 2008 09:45

    According to Karvy Stock Broking's Technical Analysis report, Global indices are trading on a mixed note. Hence, our indices are expected to open on a positive not

  • US may announce auto bailout today

    10th December, 2008 09:42

    The White House and Democratic negotiators pushed to clinch a deal that would provide USD 15 billion in loans to US auto makers and make the government their bigge

  • Nifty has resistance at 2860-2890: ICICIdirect.com

    10th December, 2008 09:40

    According to ICICIdirect.com's report, the Nifty has supports at 2790 and 2750 and resistances at 2860 and 2890.

  • See near-term rally on +ve fundamentals: Kotak Sec 

    10th December, 2008 09:35

    R Venkat Subramanium of Kotak Securities feels the markets may see a trading rally in the near-term as he sees investors buying now due to fundamentals falling in

  • Near-term range for crude at $41-49/bbl 

    10th December, 2008 09:34

    Nymex January crude gained 3.5% on estimates of sizeable output cut from OPEC. Market participants are estimating a cut of 2-2.5 mbpd from OPEC. IEA has lowered de

  • Nifty has resistance at 2830-2850: Reliance Money

    10th December, 2008 09:31

    According to Reliance Money's Morning Notes, as for today's trade, 2830-2850 range is likely to act as a strong hurdle.

  • See some bounce due to fiscal easing in '09: ING Fin Mkts 

    10th December, 2008 09:27

    Tim Condon, Head-Research Asia, ING Financial Markets, sees some bounce due to fiscal easing in 2009 rather than monetary. He feels local factors, particularly pol

  • Nifty may rally up to 2859: Angel

    10th December, 2008 09:22

    According to Angel Broking's Market Outlook report, if Nifty trades above 2787 during the first half-an-hour of trade then it may witness a further rally upto 2,85

  • Nifty has resistance near 2875/2885/2910: Mansukh Sec

    10th December, 2008 09:18

    According to Mansukh Securities and Finance's report, Nifty has resistances near 2875/2885/2910. Support at 2750/2700/2630/2600.

  • Luxury hotels cancel gala New Year festivities post attacks 

    10th December, 2008 09:10

    Hotels in Mumbai are going low-key with New Year celebrations this year. Many have already cancelled their lavish New Year plans, and opted for muted celebrations.

  • Expect a rally today: Mohoni

    10th December, 2008 09:07

    European markets rallied last night, while the US indices fell somewhat heavily. However, Asian markets are up this morning, and the global short-term trend is sti

  • Rupee opens at Rs 49.30 per dollar

    10th December, 2008 09:02

    The Indian Rupee opened at Rs 49.30 per dollar versus Rs 49.56 Monday.

  • 10-year yield seen between 6.60-6.80%: Gurumurthy

    10th December, 2008 08:55

    Action in the bond market is likely to be dull. Inflation tomorrow and the next few weeks will be key for direction. The markets may see some profit taking. The ra

  • Expect rupee to trade between 48.90-49.50: Subramaniam

    10th December, 2008 08:49

    The rupee will show strength as dollar is slightly weak against major currencies and crude prices are lower. The range for the day is seen between Rs 48.90-49.50 p

  • Asian mkts are in trading range: Subodh Kumar 

    10th December, 2008 08:43

    Subodh Kumar, Chief Investment Strategist at Subodh Kumar & Associates says that the global equity markets are trending to nowhere and that right now they are in t

  • Sentiment remains cautious: Ambareesh Baliga 

    10th December, 2008 08:38

    The sentiment remains cautious & the market is likely to be range bound. The Nifty will find resistance at 2800-2850 and support at around 2600, says Ambareesh Bal

  • MTNL to launch 3G services tomorrow

    10th December, 2008 08:33

    State-owned Mahanagar Telephone Nigam Ltd will become the first mobile company in India to launch 3G mobile services on Thursday.

  • ACC, Ambuja cut prices

    10th December, 2008 08:32

    Cement companies have responded to the reduction in excise duty by cutting prices by Rs 4 to Rs 6 a bag.

  • Stocks in news: Maruti, M&M, MTNL, Wockhardt

    10th December, 2008 08:28

    Stocks in news: M&M to launch Xylo on Jan 13, begins production at Nashik Maruti Suzuki cuts prices of cars between Rs 6,593 & Rs 22,053 Wockhardt in talks to rais

  • Crude at $43.25/bbl

    10th December, 2008 08:25

    Crude gained 3.5% on estimates of a sizeable output cut from OPEC, market participants estimated a cut of 2 - 2.5 million barrels per day cut from the OPEC. In aft

  • F&O cues: Futures Open Int up by Rs 2315 cr

    10th December, 2008 08:19

    F&O cues: Stock Futures add 2.7 crore shares in Open Int. Futures Open Int up by Rs 2,315 crore, Options Open Int up by Rs 1,588 crore.

  • Sugar industry seeks price hike to support farmers

    10th December, 2008 08:16

    The South Indian Sugar Mills Association – Tamil Nadu (SISMA) has urged the Centre to take a realistic approach on sugar and sugarcane pricing to support farmers a

  • Wall Street declines; Dow ends 243 points down

    10th December, 2008 08:12

    In US markets stocks declined on Tuesday as more layoffs and lowered outlooks tripped the momentum out of the recent rally. The Dow plunged 242.85 points, or 2.72%

  • Average tea prices up Rs 18 a kg at auctions

    10th December, 2008 08:10

    Between Jan and Oct this year, the average auction price of tea on all-India basis was up by nearly Rs 18/kg at Rs 84.36 (Rs 66.38/kg in the same period last year)

  • Asian markets trading higher; Hang Seng up 2.3%

    10th December, 2008 08:05

    Asian markets were trading higher. China's Shanghai Composite rose 1.02% or 20.88 points at 2,058.62. Hong Kong's Hang Seng gained 2.34% or 345.71 points at 15,098

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