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Moneycontrol News Archive : 16 December, 2008

  • Satyam-Maytas deal legally sound: Expert 

    16th December, 2008 22:08

    Somasekhar Sundaresan, Partner, JSA Advocates & Solicitors feels that the deal is more of a shareholders' issue and not a legal one. "The key issue to consider is

  • Buyout justified; valued Maytas via fair methods: Satyam 

    16th December, 2008 21:28

    Satyam Chairman and Founder B. Ramalinga Raju said that they have valued Maytas using fair methodology. He sees good growth prospect and fairly good case for the a

  • Stay away from private sector banks: Tandon 

    16th December, 2008 20:35

    Anand Tandon of Brics Securities is of the view that one should stay away from private sector as frontline banks, barring ICICI, are extremely expensive even today

  • US markets open higher: Dow up 78 points

    16th December, 2008 20:13

    US markets have opened higher. The Dow Jones Industrial Average is up 77.66 points or 0.91% at 8,642.19. The Nasdaq up 23.72 points or 1.57% to 1,532.06 and S&P 50

  • Bajaj Auto, Yes Bank, Idea announce Q3 tax nos

    16th December, 2008 19:56

    According to CNBC-TV18 sources, Ambuja Cement’s Q3 Advance Tax (YoY) stands at Rs 140 crore versus Rs 185 crore. Bajaj Auto’s Q3 advance tax (YoY) is at Rs 105 cro

  • Support for Gold at USD 800: Anagram

    16th December, 2008 19:21

    According to Anagram Research's report, Gold has support at USD 800 and resistance at USD 830 and USD 850. Silver has resistance at USD 10.7.

  • Goldman Sachs Q4 loss at $2.1 bn

    16th December, 2008 19:01

    Goldman Sachs has announced its fourth quarter numbers. It has reported a loss of $2.1 billion in the fourth quarter that is a loss of $4.97 per share.

  • Satyam-Maytas deal: ADRs hit; Templeton, CLSA unhappy

    16th December, 2008 18:57

    Satyam Computer will acquire 51% stake in Maytas Infra and a 100% stake in Maytas Properties. Reacting to Satyam Computer’s move CLSA said that the deal will likel

  • Satyam to acquire stake in Maytas Properties & Maytas Infra

    16th December, 2008 18:46

    Satyam Computer Services Ltd. (NYSE:SAY), a leading business and information technology services provider, today announced that its Board of Directors has approved

  • Property seekers in Mumbai choose rent against buying

    16th December, 2008 18:36

    In an effort to map the effects of the slowdown on the Indian real estate sector, Makaan.com, People Group's fastest growing online real estate portal has been kee

  • TIE Entrepreneurial Summit: SMEs await 2nd stimulus pkg 

    16th December, 2008 18:29

    It's the first day of the TIE Entrepreneurial Summit in Bangalore which has been a representation of industry leaders across the board. At the TIE Entrepreneurial

  • FIIs net buy USD 59.3 mn in equity on Dec 15

    16th December, 2008 18:25

    FIIs were net buyers to the tune of USD 59.3 million in equity on December 15, 2008, reports CNBC-TV18.

  • IDBI Fortis Life Insurance launches Group Microsurance Plan

    16th December, 2008 18:15

    IDBI Fortis Life Insurance Co Ltd, one of the fastest growing private life insurance companies of the country launches yet another unique product – Group Microsura

  • ULIP charges to get simpler 

    16th December, 2008 17:59

    Finally consumers may not be caught in the maze of ULIP charges. Life Insurance Council is almost ready and is set to submit the proposal for standardisation of ch

  • LANXESS launches new tanning material

    16th December, 2008 17:57

    The specialty chemicals group LANXESS AG has developed a new, sulfone-based synthetic tanning material with outstanding fastness and other properties.

  • Reliance and ONGC support benchmark indices: Nirmal Bang

    16th December, 2008 17:49

    According to Nirmal Bang's After Market Report, the Indian markets were trading very volatile through the day, but saw late recovery in the benchmark index led by

  • Indo Rama bags the National Energy Conservation Awards

    16th December, 2008 17:40

    Indo Rama Synthetics (India) Limited has been conferred with the prestigious National Energy Conservation Award in the Petrochemicals Sector at the award ceremony

  • Near-term range for crude at $44-48/bbl: Sushil Global  

    16th December, 2008 17:31

    Saravanan K, Research Analyst, Sushil Global Commodities sees the near-term range for crude between USD 44-48 per barrel. The near-term range for gold is seen betw

  • GM India bags National Energy Conservation Award

    16th December, 2008 17:24

    General Motors India has won the second prize in the Automobile Manufacturing Sector at the National Energy Conservation Awards 2008 for energy conservation at its

  • Fitch affirms Muthoot Finance 'F1(ind)' rating

    16th December, 2008 17:18

    Fitch Ratings affirmed India's Muthoot Finance Private Ltd's National short-term rating at 'F1(ind)' and its INR0.8bn short-term debt programme National rating at

  • Buy Jain Irrigation: IIFL

    16th December, 2008 17:11

    IIFL has recommended a buy rating on Jain Irrigation Systems (JISL). Jain Irrigation derives 43% of its domestic revenue from sale of microirrigation systems (MIS)

  • ECI Telecom: F&S Product Differentiation Innovation Award

    16th December, 2008 17:00

    ECI Telecom Receives Frost & Sullivan’s 2008 Global Product Differentiation Innovation Award for World IPTV Access Market

  • Polaris partners Microsoft to launch Insurance Concept Lab

    16th December, 2008 16:50

    Polaris Software Lab Limited (POLS.BO), a global leader in specialty application development in the Banking, Financial and Insurance sectors, today announced the l

  • Buy Everest Kanto, target of Rs 240: IIFL

    16th December, 2008 16:44

    IIFL has recommended a buy rating on Everest Kanto Cylinder with a target of Rs 240. The company maintains its strong growth outlook, guiding for 30% growth in vol

  • RPL may test Rs 94-95 says Bhambwani 

    16th December, 2008 16:39

    Technical Analyst, Vijay Bhambwani is of the view that Reliance Petroleum may test Rs 94-95.

  • See Fed cut rates by 0.5%; 0.75% unlikely: MIG Investments 

    16th December, 2008 16:34

    Bill Hubard, Chief Economist at MIG Investments, feels the Fed will reduce rates from 1% to 0.5%, and that 75 basis points (bps) is too much of a move right now. H

  • SriLankan introduces new aircraft- changes flight schedule

    16th December, 2008 16:26

    SriLankan Airlines’ flight schedule is undergoing several temporary changes, as the airline introduces new aircraft and retires four older ones in its narrow-body

  • Samsung occupies the top slot in colour monitor mkt

    16th December, 2008 16:19

    Samsung occupies the Top Slot in the Colour Monitor Market in India

  • See 25% hit due to terror strike, eco slowdown: Thomas Cook 

    16th December, 2008 16:12

    Madhavan Menon, MD, Thomas Cook India believes the economic slowdown and the increase in air fares are temporary and expects the situation to be back to normal. he

  • Thomas Cook inks pact with Indian Ocean Cruises

    16th December, 2008 15:56

    Thomas Cook, a major player in the world’s most active markets for holidays and other leisure travel services will play a key role in marketing of Indian Ocean Cru

  • IDFC Private Equity invests Rs 2000mn in Deepak Cables

    16th December, 2008 15:48

    Deepak Cables (India) Limited today announced a private equity investment of INR 2,000 million from IDFC Private Equity, India’s leading private equity fund focuss

  • Mkts close high led by oil, tech, banking; Sensex tests 10K

    16th December, 2008 15:39

    The markets witnessed a smart rally in the last half an hour of trade on account of buying in oil and gas, technology, banking, and select power stocks. A strong u

  • Put call ratio surges to about 1.43 

    16th December, 2008 15:36

    The Futures and Options space was interesting; the largecap stocks took the leadership mantel in the last one hour of trade. The put call ratio surged to about 1.4

  • Current qtr to register moderate growth: India Capital Mkts

    16th December, 2008 15:33

    India Capital Markets expects the current quarter to register moderate growth.

  • Vikrant Gugnani to head Reliance Capital's Int'l Biz

    16th December, 2008 15:29

    Reliance Capital Limited, the financial services arm of the Reliance Anil Dhirubhai Ambani Group, announced that Mr Vikrant Gugnani would lead its international bu

  • Buy Marico, target of Rs 60: Emkay Global

    16th December, 2008 15:26

    Emkay Global Financial Services has recommended a buy rating on Marico with a target of Rs 60 in its December 15, 2008 research report.

  • Educomp Solutions gains further ground

    16th December, 2008 15:19

    Educomp Solutions had touched an intraday high of Rs 2,298 and an intraday low of Rs 2,099.95. At 3:09 pm, the share was quoting at Rs 2,294.00, up Rs 159.25, or 7

  • ViewSonic launches Full HD 1080p Series LCD monitors

    16th December, 2008 15:17

    Building on its heritage of delivering innovative display products for the mainstream market, ViewSonic Corp., a leading global provider of visual display products

  • HDFC Bank gains 4.5%

    16th December, 2008 15:13

    HDFC Bank had touched an intraday high of Rs 988 and an intraday low of Rs 932.30. At 3:11 pm, the share was quoting at Rs 987.15, up Rs ,42.90, or 4.54%. It was t

  • Buy Bharti Airtel, target of Rs 1025: Emkay Global

    16th December, 2008 15:04

    Emkay Global Financial Services has recommended a buy rating on Bharti Airtel with a target of Rs 1025. The research firm remains bullish on the growth in the tele

  • Asian markets end mixed

    16th December, 2008 15:00

    Asian markets ended mixed. China's Shanghai Composite was up 0.54% or 10.632 points at 1,975.006. Hong Kong's Hang Seng added 0.55% or 83.26 points at 15,130.21. S

  • English Indian Clays frozen at 20% upper circuit

    16th December, 2008 14:59

    English Indian Clays is frozen at 20% upper circuit. It has touched an intraday high of Rs 405.05 and an intraday low of Rs 350. At 2:47 pm, the share was quoting

  • Dealers expect under owned midcap stocks to outperform 

    16th December, 2008 14:55

    Midcap and smallcap outperformance continues today as well; lot of local players are active. Dealers expect under owned midcap stocks to outperform in near term.

  • Buy sugar stocks on dip: Gujral 

    16th December, 2008 14:51

    Technical Analyst, Ashwani Gujral is of the view that one can buy sugar stocks on dip.

  • Dish TV puts on a good show

    16th December, 2008 14:48

    Dish TV India had touched an intraday high of Rs 21.55 and an intraday low of Rs 19.40. At 2:38 pm, the share was quoting at Rs 21.25, up Rs 1.55, or 7.87%. It was

  • GE Shipping can test Rs 239: Gujral 

    16th December, 2008 14:47

    Technical Analyst, Ashwani Gujral is of the view that GE Shipping can test Rs 239.

  • Sell HCC, target of Rs 42: Reliance Equities

    16th December, 2008 14:44

    Reliance Equities has kept a sell rating on Hindustan Construction Company (HCC) with a target of Rs 42, reports CNBC-TV18.

  • NMDC witnesses buying interest

    16th December, 2008 14:41

    NMDC had touched an intraday high of Rs 184.80 and an intraday low of Rs 155.60. At 2:31 pm, the share was quoting at Rs 173, up Rs 16, or 10.19%. It was trading w

  • Accumulate Welspun Gujarat: S Samant 

    16th December, 2008 14:40

    Suhas Samant, Head PMS of Asit C Mehta is of the view that one can accumulate Welspun Gujarat Stahl Roh in the range of Rs 90-100. It is into conversion of steel i

  • European markets trading mixed

    16th December, 2008 14:33

    European markets were trading mixed. CAC 40 fell 0.21% or 6.54 points at 3,179.12. FTSE 100 was down 0.68% or 29.10 points at 4,248.46. However, DAX was up 0.15%

  • Suzlon-Martifer revise payment schedule for REpower stake 

    16th December, 2008 14:26

    Suzlon has put out a revised payment schedule. This looks like more helping for Martifer than Suzlon because Suzlon had the window to go ahead and repay Martifer t

  • Mkts rangebound; ONGC, RIL, NTPC, TCS, Infy support

    16th December, 2008 14:19

    The markets are trading ranged.The Nifty is moving in a band of 2963.30-3024.75. ONGC, Reliance Industries, NTPC, Infosys, SBI, TCS, ICICI Bank, Wipro, Tata Motors

  • Buy SAIL, target of Rs 108: Deutsche Bank

    16th December, 2008 14:12

    Deutsche Bank has kept a buy rating on Steel Authority of India (SAIL) with a target of Rs 108, reports CNBC-TV18.

  • Thomas Cook locked at 20% upper circuit

    16th December, 2008 14:07

    Thomas Cook is locked at 20% upper circuit. It had touched an intraday high of Rs 55 and an intraday low of Rs 45.70. At 2:06 pm, the share was quoting at Rs 55, u

  • Accumulate Godrej Consumer, target of Rs 127: Emkay Global

    16th December, 2008 14:04

    Emkay Global Financial Services has recommended an accumulate rating on Godrej Consumer Products (GCPL) with a target of Rs 127 in its December 15, 2008 research r

  • Reliance Capital declines 5%

    16th December, 2008 14:00

    Reliance Capital had touched an intraday high of Rs 548.50 and an intraday low of Rs 516.60. At 1:51 pm, the share was quoting at Rs 517.90, down Rs 28.2, or 5.16%

  • Dena Bank minting money

    16th December, 2008 13:50

    Dena Bank had touched an intraday high of Rs 32.15 and an intraday low of Rs 29.35. At 1:41 pm, the share was quoting at Rs 31.40, up Rs 1.75, or 5.90%. It was tra

  • Aviation & Hospitality inds leaders assures good time

    16th December, 2008 13:44

    Industry leaders from Aviation and Hospitality sector came together to phase out the doubt of safe career in the aviation and services sector among the aspirants d

  • US FDA probe may delay Ranbaxy's Imitrex tablet launch 

    16th December, 2008 13:36

    The impact of US FDA ban continues to weigh on Ranbaxy. Sources told CNBC-TV18 that Imitrex, anti-migraine tablet launch is likely to be delayed due to ongoing inv

  • MIC Electronics marches ahead

    16th December, 2008 13:30

    MIC Electronics had touched an intraday high of Rs 41.50 and an intraday low of Rs 36. At 1:19 pm, the share was quoting at Rs 39.60, up Rs 4, or 11.24%. It was tr

  • Gujarat Mineral up on buying interest

    16th December, 2008 13:27

    Gujarat Mineral Development Corporation, GMDC had touched an intraday high of Rs 45.70 and an intraday low of Rs 38.25. At 1:16 pm, the share was quoting at Rs 43.

  • Reliance Infra among major losers

    16th December, 2008 13:23

    Reliance Infrastructure is among major losers on the Nifty. It has touched an intraday high of Rs 650.10 and an intraday low of Rs 620.65. At 1:22 pm, the share wa

  • Glenmark Pharma continues to gain

    16th December, 2008 13:18

    Glenmark Pharma had touched an intraday high of Rs 313.70 and an intraday low of Rs 295.95. At 1:08 pm, the share was quoting at Rs 309.55, up Rs 14.80, or 5.02%.

  • Concrete gain for India Cements

    16th December, 2008 13:13

    India Cements had touched an intraday high of Rs 109.90 and an intraday low of Rs 101. At 1:03 pm, the share was quoting at Rs 108.40, up Rs 9, or 9.05%. It was tr

  • Ashok Leyland speeds up

    16th December, 2008 13:05

    Ashok Leyland had touched an intraday high of Rs 14.79 and an intraday low of Rs 13.50. At 12:55 pm, the share was quoting at Rs 14.51, up Rs 0.76, or 5.53%. It wa

  • Mkts see-saw; HDFC, R-Comm, Rel Infra, L&T, Bharti dip

    16th December, 2008 13:00

    The benchmark indices are witnessing volatility. Buying is seen in oil, technology, banking, select power, capital goods, and pharma stocks. However, selling conti

  • Sony Ericsson makes foray into gaming segment with F305

    16th December, 2008 12:57

    Sony Ericsson putting gaming at the heart of its latest phone release. Targeted firmly at a youth audience, the F305 with Motion Gaming lets users control games wi

  • Mahindra and Mahindra gears down

    16th December, 2008 12:54

    Mahindra and Mahindra had touched an intraday high of Rs 305 and an intraday low of Rs 292.05. At 12:53 pm, the share was quoting at Rs 294.40, down Rs 9.5, or 3.1

  • Edelweiss Capital raises Rs 1000cr of NCDs for RIL

    16th December, 2008 12:49

    Edelweiss Capital Limited raises Rs 1000 crores of Secured Redeemable NCDs for Reliance Industries Limited in two tranches. The NCDs, with a maturity of 3 years ca

  • US dollar weak ahead of Fed rate decision 

    16th December, 2008 12:43

    US dollar is weak ahead of Fed rate decision and is trading at 2-month lows versus euro. There is speculation that Fed may cut rates by 50 bps and lay out emergenc

  • Ambuja Cements continues to rise

    16th December, 2008 12:40

    Ambuja Cements has continued to rise. It had touched an intraday high of Rs 69.90 and an intraday low of Rs 65.60. At 12:31 pm, the share was quoting at Rs 69.40,

  • Indian Bank cuts deposit rates by up to 150 bps, stk up

    16th December, 2008 12:37

    Indian Bank has touched an intraday high of Rs 121.90 and an intraday low of Rs 120.45. At 12:25 pm, the share was quoting at Rs 121.50, up Rs 2.10, or 1.76%. The

  • Buy Hindustan Zinc, target of Rs 412: ICICI Securities

    16th December, 2008 12:35

    ICICI Securities has kept a buy rating on Hindustan Zinc with a target of Rs 412, reports CNBC-TV18.

  • Buy Bharti Airtel, target of Rs 847: Goldman Sachs

    16th December, 2008 12:30

    Goldman Sachs has kept a buy rating on Bharti Airtel with a target of Rs 847, reports CNBC-TV18

  • Dax Networks & Perle launches IOLAN Secure Device Servers

    16th December, 2008 12:30

    Dax Networks, one of the top three networking companies in India, in partnership with Perle, a global provider of serial and I/O connectivity solutions, is launchi

  • Suzlon Energy adds 35 lakh shares in OI 

    16th December, 2008 12:26

    Nifty 3000 put is pretty active today as well. Nifty futures added about 28 lakh shares in open interest (OI) and traded turnover stood at Rs 3,527 crore. Suzlon E

  • Bharti AXA Mutual Fund launches Tax Advantage Fund

    16th December, 2008 12:16

    Bharti AXA Mutual Fund has launched Bharti AXA Tax Advantage fund an open-ended ELSS scheme seeks to generate long-term capital growth from a diversified portfolio

  • Tata Steel an outperformer: HDFC Securities

    16th December, 2008 12:08

    HDFC Securities has maintained its outperformer rating on Tata Steel with a target price of Rs 312. At the CMP, the stock is trading at a PE of 2.2x FY09E and 2.9x

  • Tata Sky achieves 3 mn connections in India on NDS Platform

    16th December, 2008 12:05

    NDS, the leading provider of technology solutions for digital pay-TV, today acknowledged that Tata Sky, the leading provider of Direct-to-Home satellite pay-TV ser

  • ONGC gains further ground

    16th December, 2008 12:01

    ONGC had touched an intraday high of Rs 695 and an intraday low of Rs 668.70. At 11:51 am, the share was quoting at Rs 694, up Rs 21.10, or 3.14%. It was trading w

  • Remain invested in Rolta: VK Sharma 

    16th December, 2008 11:58

    VK Sharma of Anagram Stock Broking is of the view that one can remain invested in Rolta. It is a strong play on the domestic sector spending in nuclear as well as

  • DLF a safe stock: Mohoni 

    16th December, 2008 11:48

    Technical Analyst, Deepak Mohoni is of the view that in the real estate space DLF is a safest stock. Apart from the huge amount of momentum it has gained more than

  • Benchmark S&P CNX 500 Fund, extends NFO period

    16th December, 2008 11:46

    Benchmark Mutual Fund has extended the NFO period of Benchmark S&P CNX 500 Fund till December 16, 2008.

  • Sell Puravankara Projects on rallies: VK Sharma 

    16th December, 2008 11:45

    VK Sharma of Anagram Stock Broking is of the view that at this point of time, 3% lower from the current levels, the stoploss can be kept and the investor can sell

  • IVRCL Infra up on bagging order worth Rs 746.26 cr

    16th December, 2008 11:39

    IVRCL Infrastructure and Projects had touched an intraday high of Rs 169.60 and an intraday low of Rs 161.40. At 11:29 am, the share was quoting at Rs 167.55, up R

  • Tata Motors among major gainers

    16th December, 2008 11:35

    Tata Motors is among major gainers on the Sensex. It has touched an intraday high of Rs 164.80 and an intraday low of Rs 154. At 11:25 am, the share was quoting a

  • IDFC gushes forth

    16th December, 2008 11:32

    IDFC had touched an intraday high of Rs 68.40 and an intraday low of Rs 65.95. At 11:21 am, the share was quoting at Rs 66.90, up Rs 0.90, or 1.36%. IDFC Private E

  • Stocks futures add 10 cr shares in OI since last week  

    16th December, 2008 11:29

    There is a good open interest build up in stocks futures, added about 10 crore shares in open interest since last week. Midcap stocks are strong and we are seeing

  • Ranbaxy Laboratories in good health

    16th December, 2008 11:21

    Ranbaxy Labs had touched an intraday high of Rs 222 and an intraday low of Rs 212.30. At 11:20 am, the share was quoting at Rs 220.55, up Rs 6.50, or 3.04% on the

  • Suzlon Energy gains further ground

    16th December, 2008 11:07

    Suzlon Energy has continued to gain. It had touched an intraday high of Rs 57.35 and an intraday low of Rs 54. At 10:58 am, the share was quoting at Rs 57.10, up R

  • Deccan Chronicle up 10.7% on buyback news

    16th December, 2008 10:56

    Deccan Chronicle Holdings had touched an intraday high of Rs 59.35 and an intraday low of Rs 51.95. At 10:46 am, the share was quoting at Rs 57, up Rs 5.50, or 10.

  • Sensex PE at 10 times unrealistic: LGT Cap 

    16th December, 2008 10:49

    Roger Groebli, Executive Director, LGT Capital Management, is underweight on India. He expects earnings disappointments to continue. “For example, the Sensex trade

  • Buy NALCO: KRChoksey

    16th December, 2008 10:41

    KRChoksey Research has recommended a buy rating on National Aluminium Company (NALCO). Nalco has emerged to be a star performer in production and export of alumina

  • Bagga bullish on banking space 

    16th December, 2008 10:36

    Ajay Bagga of Financial Planning Standards Board of India is bullish on banking space.

  • Supreme Petro buyback at Rs 14/shr; stk up 5%

    16th December, 2008 10:27

    Supreme Petrochem had touched an intraday high of Rs 12.37 and an intraday low of Rs 12. At 10:18 am, the share was quoting at Rs 12.11, up Rs 0.57, or 4.94%. The

  • Buy ONGC Dec Fut above Rs 670: ICICIdirect.com

    16th December, 2008 10:19

    ICICIdirect.com has recommended to buy Oil and Natural Gas Corporation (ONGC) December Futures above Rs 670 with a stoploss of Rs 666 and target of Rs 678, Rs 682.

  • Sell Copper MCX 1st Mon Fut at Rs 156.15: Hem

    16th December, 2008 10:14

    Hem Securities has recommended to sell Copper MCX 1st Month Future at Rs 156.15 with a stoploss of Rs 163.23 and target of Rs 149.

  • Buy Gold Feb at around Rs 12850: Mansukh Securities

    16th December, 2008 10:10

    Mansukh Securities and Finance has recommended to buy Gold February at around Rs 12850 with stoploss below Rs 12790 for the target of Rs 13050.

  • GMR Infra close to buy Indonesian coal mine co; stk gains

    16th December, 2008 10:07

    GMR Infrastructure had touched an intraday high of Rs 67.75 and an intraday low of Rs 64.60. At 10:06 am, the share was quoting at Rs 66.65, up Rs 1.20, or 1.83% o

  • L&T bags Rs 1372cr order, stk up

    16th December, 2008 10:00

    L&T had touched an intraday high of Rs 844 and an intraday low of Rs 825. At 09:59 am, the share was quoting at Rs 836.90, up Rs 14.65, or 1.78% on the NSE. The co

  • HCL Tech completes acquisition of Axon group, stk up

    16th December, 2008 09:58

    HCL Technologies has touched an intraday high of Rs 116 and an intraday low of Rs 105.30. At 09:57 am, the share was quoting at Rs 114.80, up Rs 10.95, or 10.54% o

  • RIL has resistance at Rs 1450: Sukhani 

    16th December, 2008 09:54

    Technical Analyst, Sudarshan Sukhani is of the view that Reliance Industries has resistance at Rs 1450. There is no support, once it starts breaking down; there is

  • Buy Sugar stocks: Sukhani 

    16th December, 2008 09:51

    Technical Analyst, Sudarshan Sukhani is of the view that Hindusthan has fallen from very lofty heights. At this point sugar stocks were suggesting a buying opportu

  • Buy Hindalco, L&T, ONGC on dips: Nirmal Bang

    16th December, 2008 09:46

    According to Nirmal Bang's Morning Call, stocks like BajajHind, Hindalco, LT, Moser Baer, Neyveli Lig, Sesa Goa and ONGC are showing very strong positive divergenc

  • Buy metal stocks on dip: Sukhani 

    16th December, 2008 09:44

    Technical Analyst, Sudarshan Sukhani is of the view that metal stocks are suggesting signs of some kind of base formation that may work out or may not but for inve

  • Exit real estate space: Sukhani 

    16th December, 2008 09:41

    Technical Analyst, Sudarshan Sukhani is of the view that real estate has to be kept away from; it’s been an underperforming sector. If you have been lucky enough t

  • Markets likely to open mildly lower: Anagram

    16th December, 2008 09:36

    According to Anagram Research's report, markets are likely to open mildly lower in the light of the overnight setback in the US and near placid state of the Asian

  • Nifty has support at 2900: Mansukh Securities

    16th December, 2008 09:32

    According to Mansukh Securities and Finance's report, support for the Nifty is seen at 2,900, while it would face selling pressure above the 3,050-3100 mark.

  • Sensex has support at 9700-9620: Angel

    16th December, 2008 09:26

    According to Angel Broking's Technical Analysis report, the intermediate trend is up, any intraday dip near the support zone of 9700–9620/2935–2910 levels can be v

  • Nifty 3000 Put adds 6.2 lk shares in open interest 

    16th December, 2008 09:24

    FIIs were net sellers to the tune of Rs 192.3 crore in F&O. Nifty ended up 2% and Futures OI was down 0.5%. Stock Futures added 1.26 crore shares in OI and added o

  • Nifty has support at 2830-2850: Reliance Money

    16th December, 2008 09:17

    According to Reliance Money's Morning Notes, as for today's trade indices continue to see strong hurdle around levels of 3015 with support far lower around levels

  • Expect mixed moves today: Mohoni

    16th December, 2008 09:07

    European markets declined moderately last night, and the US indices followed suit. Asian markets are mixed this morning, with the Hang Seng up and the Nikkei down.

  • 10-year yield seen between 6.15-6.17%: Prabhu

    16th December, 2008 08:57

    Bond market continues to be liquid in spite of advance tax outflows. Lower inflation and comfortable liquidity will take yields lower than 6% soon. The range for t

  • Rupee likely to trade in broad range: Nanivadekar

    16th December, 2008 08:55

    The rupee is likely to trade in a broad range. Non-deliverable forwards should be positive given dollar slump overnight against key currencies. However, local stoc

  • Sell MCX Feb copper at Rs 162/kg: Manglik

    16th December, 2008 08:47

    For copper sell MCX February at Rs 162 per kilogram with a target of Rs 152 per kilogram, says Manglik.

  • SRF buys businesses of group company for Rs 152 cr

    16th December, 2008 08:41

    SRF Ltd, which manufactures technical textiles, fluorochemicals, packaging films and fluoro specialities, has acquired engineering plastics business and industrial

  • HPCL keen on increasing stake in MRPL

    16th December, 2008 08:37

    Hindustan Petroleum Corporation (HPCL) is keen on substantially increasing its stake in Mangalore Refinery and Petrochemicals (MRPL) from the present level of 16.9

  • Support for the Sensex at 9750: Gaba

    16th December, 2008 08:35

    The support for the Sensex is 9750 and the resistance to the up move is at 10000-10324.

  • Bajaj Auto to shut Waluj plant for 10 days

    16th December, 2008 08:33

    Two-wheeler manufacturer Bajaj Auto Ltd (BAL) has decided to shut down production at its Waluj plant near Aurangabad for 10 days this year against the five-day ann

  • F&O cues: Stock Futures add 1.26 cr shares in Open Int

    16th December, 2008 08:28

    F&O cues: Stock Futures add 1.26 crore shares in Open Int; added over 10 cr shrs since last week. Nifty Open Int Put-Call ratio up from 1.34 to 1.36.

  • Crude trades below $45/bbl ahead of OPEC meet

    16th December, 2008 08:25

    Crude prices fell below USD 45 per barrel, off a session high of USD 50, ahead of the OPEC (Organization of Petroleum Exporting Countries) meet. OPEC is expected t

  • Stocks in news: GMR Infra, Supreme Petro, Carborundum

    16th December, 2008 08:20

    Stocks in news: GMR Infra is close to buying Indonesian coal mine company for $80 million. Supreme Petro buy back is at maximum Rs 14/sh. Carborundum Universal

  • Cardamom prices slide on heavy arrivals

    16th December, 2008 08:17

    Average cardamom prices have declined to Rs 430-450 a kg during the past couple of weeks due to continuous heavy arrivals at the auctions in Kerala and Tamil Nadu.

  • US economic data continues to be dismal 

    16th December, 2008 08:14

    US markets ended in the red ahead of Fed Rate decision and Goldman earnings today. Investors are still awaiting final decision on auto makers. Economic data contin

  • Asia trading weak; Hang Seng, Nikkei down

    16th December, 2008 08:10

    Asian markets were trading weak. China's Shanghai Composite was down 1.51% or 29.58 points at 1,934.79. Hong Kong's Hang Seng fell 0.98% or 147.98 points at 14,898

  • Circuit filters change on BSE

    16th December, 2008 07:18

    The circuit filters have been changed from their existing levels in BPL, Hindustan Copper, Spentex Industries, Garnet Construction, Ugar Sugar Works etc, with effe

  • Nifty Futures adds 16.64 Lk shares in OI: LKP Shares

    16th December, 2008 21:33

    Nifty Futures have added 1664000 shares in the open interest as on December 16, 2008.

  • Reliance Industries looks expensive: A. Tandon 

    16th December, 2008 20:40

    Anand Tandon of Brics Securities is of the view that on the valuations, Reliance Industries is now pushing the upper end of the range and is looking somewhat expen

  • Value addition of acquisition to be felt in 2-3 yrs: Satyam

    16th December, 2008 20:29

    Satyam Computer will acquire 51% stake in Maytas Infra and a 100% stake in Maytas Properties. Satyam says need to integrate organisation to deal with uncertainties

  • How will mkts react to Satyam-Maytas deal? 

    16th December, 2008 20:00

    Satyam Computer will acquire 51% stake in Maytas Infra and a 100% stake in Maytas Properties. It will cost the company around USD 1.6 billion. It means that the co

  • Nifty Futures adds Rs 37595 cr in OI: Anagram

    16th December, 2008 19:31

    Nifty Futures have added Rs 37595 crore in the open interest on December 16, 2008 report.

  • Eye chances to go short at higher levels: Brics Secs 

    16th December, 2008 19:05

    Anand Tandon of Brics Securities sees more upside in the markets. Investors need to focus on global liquidity trends, he feels. According to Tandon, traders can no

  • Bharti AXA launches Bharti AXA Tax Advantage Fund

    16th December, 2008 19:00

    Bharti AXA Investment Managers, a joint venture between Bharti Ventures Ltd, AXA Investment Managers (AXA IM) and AXA Asia Pacific Holdings (AXA APH, through NMIPL

  • Nifty above 3K, crucial level for technicals 

    16th December, 2008 18:53

    There was a surprise rally in the last hour of trade and broader markets were firm. Sensex hit the 10,000 mark in intra-day trade and ended up 144 points at 9976.

  • Rupee has resistance at 48/48.10: Commtrendz Research

    16th December, 2008 18:43

    According to Commtrendz Research's report on Indian Rupee, spot rupee immediate supports are at 47.4/47.50 levels being a rising channel support followed by 46.70/

  • MF net buy Rs 160.5 cr in equity on Dec 15

    16th December, 2008 18:31

    Mutual Funds were net buyers to the tune of Rs 160.5 crore in equity on December 15, 2008, reports CNBC-TV18.

  • Yatra.com wins the Best online travel agency Award for 2008

    16th December, 2008 18:27

    Yatra.com, one of India’s largest and leading online travel companies, has been declared the ‘Best Online Travel Agency’ of the year 2008 at the Galileo Express Tr

  • Auto cos vs pvt banks: Blame game continues 

    16th December, 2008 18:18

    Auto companies say their sales are not growing since private sector banks have stopped vehicle financing while banks say consumers don't want to borrow.

  • HCL introduces Safe State

    16th December, 2008 18:07

    HCL Security Ltd, 100% subsidiary of HCL Infosystems, India’s Premier System Integration Company introduced the unique concept of a ‘Safe State’. The Safe State i

  • Satyam buys stake in Maytas Infra, Maytas Properties 

    16th December, 2008 17:57

    Satyam Computer will acquire 51% stake in Maytas Infra and a 100% stake in Maytas Properties. The company said the acquisition of Maytas' two companies will cost i

  • HDFC Standard Life launches Unit Linked Endowment Winner

    16th December, 2008 17:49

    HDFC Standard Life, one of the leading private life insurance companies, today launched HDFC Unit Linked Endowment Winner, a regular premium unit-linked plan for a

  • IIFCL applies for proposed tax-free bonds

    16th December, 2008 17:46

    India Infrastructure Finance Company Limited (IIFCL) has applied to the Department of Financial Services for proposed tax-free bonds, reported CNBC-TV18, quoting s

  • Imation introduces TDK LoR’s dual-layer 50 GB Blu-ray Discs

    16th December, 2008 17:32

    Imation India Pvt. Ltd. a subsidiary of Imation Corp. has announced the availability in India of the TDK LoR's new Blu-ray Discs capable of recording at 4x speed.

  • Expect further decline in cement price: IIFL

    16th December, 2008 17:28

    According to IIFL's report on Cement Sector, the research firm expects further declines in Cement price going forward as incremental supplies would far outpace dem

  • Mkts to rally, may flounder due to -ve Q3 nos: Experts 

    16th December, 2008 17:22

    Mehraboon Irani, VP, PMS, Centrum Broking feels that there are chances of the current market rally continuing for some more time. He expects the markets to flounde

  • Rupee, bonds end higher

    16th December, 2008 17:11

    The spot rupee ended higher at Rs 47.88 per USD as against its previous close of Rs 48.03. The widely traded 8.24%, 2018 paper closed higher at Rs 115.95 as agains

  • Fitch assigns AA-(ind) rtg to HCL Infosystems NCD prog

    16th December, 2008 17:09

    Fitch Ratings has affirmed HCL Infosystems Limited's National Long-term rating at 'AA-(ind)' (AA minus(ind)). The Outlook is Stable. Also, Fitch has assigned a rat

  • Reduce NALCO, target of Rs 158: IIFL

    16th December, 2008 16:58

    IIFL has maintained its reduce rating on NALCO with a 12-month target of Rs 158. For most of the last 5 years, the company benefited from rising prices of aluminiu

  • COAI offers ideas for allotting 3G to waiting-list bidders

    16th December, 2008 16:44

    The Cellular Operators' Association of India (COAI) has suggested two approaches to the Department of Telecommunications (DoT) for allotting 3G spectrum to bidders

  • Reliance Money enters Malaysia

    16th December, 2008 16:42

    Reliance Money, part of the Reliance Anil Dhirubhai Ambani Group, today announced its debut in Malaysia, by joining hands with Infinity Financial Solutions, one of

  • USD trades at 2 month lows vs Euro 

    16th December, 2008 16:35

    Commodity, currency markets are getting tossed and turned around but for once the commodity markets are not rising although the dollar is falling. Markets are look

  • Expect low single digit growth in IIP: IIFL

    16th December, 2008 16:27

    According to IIFL, look for low single digit growth in the IIP over the next couple of months highlighting that underlying economic activity is continuing to decel

  • Hold Patel Engineering, target of Rs 167: PINC

    16th December, 2008 16:20

    PINC Research has recommneded a hold rating on Patel Engineering Company (PEL) with a target of Rs 167. PEL has accumulated a landbank of 1,030 acres across Mumbai

  • Crude may trade between USD 40-55/bbl 

    16th December, 2008 16:16

    OPEC is expected to cut nearly 2 million barrels on a daily basis that already has been factored into prices. If a 2 million is what we get then we may actually se

  • Bharti Airtel launches its DTH TV service in India

    16th December, 2008 16:09

    Bharti Airtel Launches its Direct-to-Home (DTH) TV Service in India Powered by Broadcom® Technology

  • Reliance Ind can head upto Rs 1440-1460: Bhambwani 

    16th December, 2008 15:49

    Technical Analyst, Vijay Bhambwani is of the view that Reliance Industries can head upto Rs 1440-1460.

  • Rel Comm can slip to Rs 205-210: Bhambwani 

    16th December, 2008 15:48

    Technical Analyst, Vijay Bhambwani is of the view that Reliance Communication is likely to face over head supply at Rs 250. It can see Rs 205-210 level.

  • Volkswagen passes benefit of duty reduction to customers

    16th December, 2008 15:36

    Volkswagen India has announced a reduction in the prices of its production models Jetta and Passat by Rs 45,194 to Rs 80,859 across all variants.

  • ONGC can go upto Rs 745: Bhambwani 

    16th December, 2008 15:36

    Technical Analyst, Vijay Bhambwani is of the view that ONGC has potential to go upto Rs 745 odd levels.

  • Crompton Greaves eyes 18-20% rev growth in FY09 

    16th December, 2008 15:32

    SM Trehan, Crompton Greaves, said the company operates in three segments, two of which are unaffected by the financial slowdown. He expects revenues to grow at 18-

  • Welspun Guj up on large volumes

    16th December, 2008 15:28

    Welspun Guj was trading with volumes of 2,295,824 shares. It touched an intraday high of Rs 130 and an intraday low of Rs 116.90. At 3:17 pm, the share was quoting

  • Orbit Corporation shoots up smartly

    16th December, 2008 15:21

    Orbit Corporation had touched an intraday high of Rs 68.30 and an intraday low of Rs 60.35. At 3:10 pm, the share was quoting at Rs 67.25, up Rs 6.20, or 10.16%. I

  • HCL-Axon deal: An analysis 

    16th December, 2008 15:19

    The HCL-Axon deal has been done at a lower deal rate. Earlier based on the pound to dollar conversion, it was working out to Rs 785 million. At present, the deal h

  • Sintex's German acquisition Geiger Technik goes bankrupt 

    16th December, 2008 15:16

    Sintex's German acquisition Geiger Technik has filed for bankruptcy. Amit Patel, MD of Sintex Industries said that his company’s investment of USD 10 million is ly

  • Cisco report spotlights worldwide Cyber Security threats

    16th December, 2008 15:09

    Cisco released a security report that warns that Internet-based attacks are becoming increasingly sophisticated and specialized as profit-driven criminals continue

  • Sensex tests 10K; RIL, ONGC, Bharti, NTPC, SBI lead

    16th December, 2008 15:02

    The markets exended gains further following rally in European markets. The Sensex tested 10000 mark and the Nifty hit 3050 as well. Oil, technology, banking and se

  • Hyundai Motor reduces prices up to Rs 44792/-

    16th December, 2008 14:59

    Hyundai Motor India offers a full range of cars starting from the compact to the premium luxury cars and it will offer its customers the full benefit of the this r

  • S Kumars Nationwide spurts 10.2%

    16th December, 2008 14:56

    S Kumars Nationwide had touched an intraday high of Rs 28.40 and an intraday low of Rs 24.60. At 2:44 pm, the share was quoting at Rs 27, up Rs 2.50, or 10.20%. It

  • SKF India bounces back

    16th December, 2008 14:53

    SKF India had touched an intraday high of Rs 156 and an intraday low of Rs 132. At 2:42 pm, the share was quoting at Rs 144.90, up Rs 12.30, or 9.28%. It was tradi

  • Airtel launches air conditioned bus shelter in Bangalore

    16th December, 2008 14:50

    Bharti Airtel, India’s leading mobile service today announced the launch of India’s first ever air conditioned bus shelter in Bangalore city in association with BI

  • Nifty 3100 call adds 10% in open interest 

    16th December, 2008 14:47

    Nifty open interest (OI) PCR is around 1.39. Nifty 3000 put has been active since yesterday, which seems that it is forming the base for markets. Nifty 3100 call i

  • HDIL gains further ground

    16th December, 2008 14:45

    HDIL had touched an intraday high of Rs 137.60 and an intraday low of Rs 126. At 2:32 pm, the share was quoting at Rs 137.20, up Rs 10.05, or 7.90%. It was trading

  • SRF to buy 2 businesses of SRF Polymers

    16th December, 2008 14:42

    SRF Limited, the domestic market leader in technical textiles, refrigerant gases and a preferred supplier of other fluorochemical products and polyester films, has

  • See Sensex at 12K by mid-Jan’09: Sharekhan 

    16th December, 2008 14:40

    Hemang Jani, Senior Vice-President, Sharekhan, sees the Sensex moving to about 11,000-12,000 by mid-January. “The Nifty could move to about 3,200-3,300 levels over

  • Sell IVRCL Infra, target of Rs 134: Reliance Equities

    16th December, 2008 14:34

    Reliance Equities has kept a sell rating on IVRCL Infrastructure and Projects with a target of Rs 134, reports CNBC-TV18.

  • See support for Re at 46.80/$: StanChart Bank 

    16th December, 2008 14:33

    Agam Gupta, Head-foreign Exchange, Standard Chartered Bank, sees resistance for the rupee at 50-50.50 per dollar, and support at 46.80 per dollar as a significant

  • Reliance Communications dips further

    16th December, 2008 14:23

    Reliance Communications had touched an intraday high of Rs 239.70 and an intraday low of Rs 229.60. At 2:13 pm, the share was quoting at Rs 230.50, down Rs 8.5, or

  • ED probes UBS transactions 

    16th December, 2008 14:16

    The Enforcement Directorate is investigating misuse of UBS accounts belonging to RNRL (Reliance Natural Resources) and Reliance Energy for FEMA (Foreign Exchange M

  • DLF declines sharply

    16th December, 2008 14:08

    DLF has touched an intra day high of Rs 283.50 and an intra day low of Rs 269.10. At 1:57 pm, the share was quoting at Rs 270.90, down Rs 9.95, or 3.54%. It was tr

  • Mercator Lines takes a dip

    16th December, 2008 14:05

    Mercator Lines had touched an intraday high of Rs 35.60 and an intraday low of Rs 33. At 1:55 pm, the share was quoting at Rs 33.35, down Rs 1.55, or 4.44%. It was

  • Morgan Stanley underweight on Ranbaxy

    16th December, 2008 14:04

    Morgan Stanley has kept an underweight rating on Ranbaxy Laboratories with a target of Rs 179, reports CNBC-TV18.

  • Buy Asian Paints, target of Rs 1231: Emkay Global

    16th December, 2008 13:53

    Emkay Global Financial Services has recommended a buy rating on Asian Paints with a target of Rs 1231 in its December 15, 2008 research report.

  • Exit Cummins India, says Mohoni 

    16th December, 2008 13:48

    Technical Analyst, Deepak Mohoni is of the view that one can exit Cummins India.

  • Buy Hindustan Unilever, target of Rs 305: Emkay Global

    16th December, 2008 13:41

    Emkay Global Financial Services has recommended a buy rating on Hindustan Unilever (HUL) with a target of Rs 305 in its December 15, 2008 research report.

  • Moser Baer gets the coveted blu-ray product verification

    16th December, 2008 13:35

    Moser Baer, the global technology company, today announced that it has received product verification from the Blu-ray Disc Association for its next generation blu-

  • Watch out for Fed rate decision, Goldman Sachs nos 

    16th December, 2008 13:28

    This week has been very important for the global markets. Everyone is watching out for the Fed meet today. People are expecting that there will be at least 50 bps

  • See free fall risk for $ on soaring US deficit: BNP Paribas 

    16th December, 2008 13:24

    Chin Loo, Senior Currency Strategist, BNP Paribas, said if the Fed keeps on focusing on quantitative easing, the US economy will continue to balloon. “So, the doll

  • R Sridharan assumes charge as MD of SBI

    16th December, 2008 13:19

    Shri R. Sridharan, has taken over as Managing Director & Group Executive (Associates & Subsidiaries) of State Bank of India (SBI), from 5th December, 2008

  • S Kumars Nationwide sees 20% build up in OI 

    16th December, 2008 13:15

    S Kumars Nationwide is a fresh face, which has come in today. This is one stock, which has popped up on screen because the stock is up nearly 10% and we have seen

  • TAJ opens its 5th hotel in Bangalore

    16th December, 2008 13:09

    Taj Hotels Resorts & Palaces today announced the highly anticipated opening of its new premium city hotel in the IT nerve centre of Bangalore. The hotel also bears

  • Kingfisher Airlines maintains its march ahead

    16th December, 2008 13:04

    Kingfisher Airlines had touched an intraday high of Rs 33.40 and an intraday low of Rs 31.20. At 12:54 pm, the share was quoting at Rs 32.40, up Rs 1.95, or 6.40%.

  • Hold KEC International, target of Rs 147: Reliance Money

    16th December, 2008 13:00

    Reliance Money has recommended a hold rating on KEC International with a target of Rs 147. The research firm expects a slow down in order inflow from international

  • Buy GlaxoSmithKline Pharma, target of Rs 1300: Citigroup

    16th December, 2008 12:57

    Citigroup has upgraded its rating on GlaxoSmithKline Pharmaceuticals to buy with a target of Rs 1300, reports CNBC-TV18.

  • Buy Kalpataru Power, target of Rs 325: Reliance Money

    16th December, 2008 12:50

    Reliance Money has recommended a buy rating on Kalpataru Power Transmission (KPTL) with a target of Rs 325. The research firm believes that the performance of tran

  • Punj Lloyd advances 7%

    16th December, 2008 12:46

    Punj Lloyd had touched an intraday high of Rs 167.75 and an intraday low of Rs 154.60. At 12:36 pm, the share was quoting at Rs 165.35, up Rs 10.85, or 7.02%. It w

  • Buy Chambal Fertilisers, target of Rs 63: Merrill Lynch

    16th December, 2008 12:41

    Merrill Lynch has kept a buy rating on Chambal Fertilisers and Chemicals with a target of Rs 63, reports CNBC-TV18.

  • Eurotech Tech launches BestNet VGA Extender in India

    16th December, 2008 12:39

    Eurotech Technologies, the Bangalore based leading technology distribution company, announced the launch of BestNet VGA Extender

  • Buy Jyoti Structures, target of Rs 97: Reliance Money

    16th December, 2008 12:35

    Reliance Money has maintained its buy rating on Jyoti Structures (JSL) with a target of Rs 97. With the current robust order book and visibility of order flowing f

  • HT Media puts on a poor show

    16th December, 2008 12:33

    HT Media had touched an intraday high of Rs 80 and an intraday low of Rs 73. At 12:22 pm, the share was quoting at Rs 73.40, down Rs 3.15, or 4.11%. It was trading

  • Paras Adenwala resigns from ING Investment Management India

    16th December, 2008 12:30

    Paras Adenwala, Vice President & Director (Research & Investments), has resigns from ING Investment Management India.

  • Jaiprakash Associates forges ahead

    16th December, 2008 12:28

    Jaiprakash Associates had touched an intraday high of Rs 90.70 and an intraday low of Rs 85.10. At 12:18 pm, the share was quoting at Rs 89.70, up Rs 3.20, or 3.70

  • SOMA Networks Base Station gets Mobile WiMAX certification

    16th December, 2008 12:21

    SOMA Networks, Inc., a leading provider of Mobile WiMAX products and professional services, today announced the FlexMAX ABS-1000 Mobile WiMAX Base Station has rece

  • L&T secures Rs 1372cr orders from metallurgical sector

    16th December, 2008 12:13

    Larsen & Toubro has secured major orders aggregating to Rs 1,372 crore from various customers like Vedanta Aluminium Limited, Utkal Alumina International Limited a

  • RBI may launch simple credit derivatives by Apr'09: Sources 

    16th December, 2008 12:07

    The Reserve Bank of India (RBI) may consider introducing simple credit derivatives from April 2009, reports CNBC-TV18's correspondent Siddharth Zarabi, quoting sou

  • Exit Rolta, says Mohoni 

    16th December, 2008 12:02

    Technical Analyst, Deepak Mohoni is of the view that one should exit Rolta. It has not been the strong stock at all. Its rallying in last three days is purely beca

  • Crompton Greaves slips furhter

    16th December, 2008 12:00

    Crompton Greaves had touched an intraday high of Rs 146 and an intraday low of Rs 139.75. At 11:56 am, the share was quoting at Rs 141.95, down Rs 4.9, or 3.34%. I

  • Rolta shoots up smartly

    16th December, 2008 11:54

    Rolta had touched an intraday high of Rs 143.50 and an intraday low of Rs 135. At 11:43 am, the share was quoting at Rs 141.95, up Rs 7, or 5.19%. It was trading w

  • Expect fall in cost of production by 7- 8 %: NALCO

    16th December, 2008 11:46

    National Aluminium Company (NALCO) is expecting fall in the cost of production by 7- 8 % in coming months due to fall in the cost raw materials like HFO and CP cok

  • Nifty hovering near 3K; ONGC, NTPC, Infy, TCS support

    16th December, 2008 11:46

    The benchmark indices are trading marginally higher with some volatility. Buying is seen in technology, capital goods, oil, and select banking and power stocks. Mi

  • Siemens maintains its march ahead

    16th December, 2008 11:45

    Siemens had touched an intraday high of Rs 279.90 and an intraday low of Rs 262.50. At 11:34 am, the share was quoting at Rs 278, up Rs 10.50, or 3.93%. It was tra

  • Buy Cipla, target of Rs 207: Indiabulls Securities

    16th December, 2008 11:37

    Indiabulls Securities Research has recommended a buy rating on Cipla with a target price of Rs 207. Cipla Limited (Cipla) posted better-than-expected results for Q

  • Buy capital goods stocks: Sukhani 

    16th December, 2008 11:33

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy capital goods stocks.

  • Bullish on R-Comm; -ve on MTNL: Macquarie 

    16th December, 2008 11:31

    Shubham Majumder of Macquarie Research is -ve on MTNL. "Its cash per share would get depleted post 3G auction payments — it would fall from Rs 61-65 per share to R

  • Buy sugar stks on pullback: Sukhani 

    16th December, 2008 11:28

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy sugar stocks on pullback rally.

  • HDFC witnesses selling pressure

    16th December, 2008 11:11

    HDFC had touched an intraday high of Rs 1,619 and an intraday low of Rs 1,527.35. At 11:03 am, the share was quoting at Rs 1,541.90, down Rs 70.05, or 4.35%. It wa

  • Mkts continue to trade volatile; mid, smallcaps outperform

    16th December, 2008 10:56

    The markets are trading extremely volatile. Heavyweights like NTPC, ONGC, BHEL, Infosys, TCS, SBI, Wipro, L&T, and Satyam are supporting the benchmark indices, whi

  • Brokers bullish on Bharti, Hind Zinc, Chambal Fert

    16th December, 2008 10:53

    Brokerage houses are bullish on Bharti, Hind Zinc, Chambal Fert, GSK India, SAIL, Kalpataru Power, Nitin Fire and HUL.

  • Biz innovation more during crises: Ratan Tata 

    16th December, 2008 10:43

    Ratan Tata, Chairman, Tata Sons, said innovation remains key during crises. “When one has the companies attempting to differentiate themselves from their competito

  • Fed may move to zero interest rate regime in 2 phases: JPM 

    16th December, 2008 10:40

    Jehangir Aziz, Chief Economist, JP Morgan, feels the Fed would cut rates in two stages and tomorrow's FOMC meet may not see rates cut to 0%.

  • Buy Bank of Baroda, target of Rs 335: Karvy

    16th December, 2008 10:28

    Karvy Stock Broking has recommended a buy rating on Bank of Baroda with a target price of Rs 335. The research firm is increasing its FY2009 net earning estimates

  • Sterlite Ind top loser on the Nifty

    16th December, 2008 10:23

    Sterlite Industries is the top loser on the Nifty. It had touched an intraday high of Rs 305 and an intraday low of Rs 292.35. At 10:22 am, the share was quoting a

  • Indian GDRs: Tata Comm down 5.2%, Grasim up 9%

    16th December, 2008 10:18

    Tata Comm fell 5.25% at USD 20.57, ICICI Bank was down 2.14% at USD 17.35 and Dr Reddys plunged 2.09% at USD 9.38, while Grasim gained 8.97% at USD 24.3, Mahindra

  • Buy Suzlon Energy, says Sukhani 

    16th December, 2008 10:11

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy Suzlon Energy.

  • See mkts near Oct lows, no chance of 11K: Kotak Sec 

    16th December, 2008 10:08

    SA Narayan, MD, Kotak Securities, said the market may come close to October lows again. "We don't see the Sensex crossing 11,000. However, market may stay in range

  • Bajaj Hindusthan maintains its march ahead

    16th December, 2008 10:00

    Bajaj Hindusthan has continued to gain. It had touched an intraday high of Rs 60.65 and an intraday low of Rs 57.10. At 10:03 am, the share was quoting at Rs 58.70

  • Sensex has support at 9749/9624: Hem

    16th December, 2008 10:00

    According to Hem Securities' Morning Note, the support for Sensex remains at 9749/9624 levels and resistance at 9948/10093 levels.

  • Nifty has support at 2928-2876: Anand Rathi

    16th December, 2008 09:57

    According to Anand Rathi Securities' report, Nifty has a support at the 2928 followed by 2876.

  • Nifty has support at 2963-2941: India Capital Markets

    16th December, 2008 09:51

    According to India Capital Markets' Technical Outlook, Nifty has a support at 2963 & 2941 and faces resistance at 2999 & 3014.

  • US markets end lower 

    16th December, 2008 09:48

    A wrap up of US markets on Monday shows Dow down 65 points, the S&P 500 down 11 points and the Nasdaq down 34 points on Monday as New York State manufacturing data

  • Markets choppy; ONGC, HCL Tech, L&T, Unitech gain

    16th December, 2008 09:46

    The markets have opened quiet in trade and are trading with some volatility following mixed cues from Asian markets. However, midcap and small cap stocks have cont

  • Sensex has support at 9840-9790: ICICIdirect.com

    16th December, 2008 09:41

    According to ICICIdirect.com's report, the Sensex has supports at 9840 and 9790 and resistances at 9940 and 10070. The Nifty has supports at 2980 and 2950 and resi

  • See 5-7% GDP growth in FY10: PM Eco Advisor 

    16th December, 2008 09:38

    Raghuram Rajan, Economic Advisor to the Prime Minister, said the earlier 9% growth was partly because of extremely easy global financial conditions. We are some di

  • See mkt rally continuing till Dec-end: Ajay Bagga 

    16th December, 2008 09:34

    Ajay Bagga of Financial Planning Standards Board of India feels there’s still some steam left in the current market rally. He expects the upmove to continue till t

  • See mkt resistance at 3200: Sudarshan Sukhani 

    16th December, 2008 09:30

    darshan Sukhani of Technical Trends said currently the market is in an uptrend mode and one should buy only when there is a dip. "Traders should not buy now, they

  • M&M hands out pink slips, retrenches 900 employees globally 

    16th December, 2008 09:26

    Following the trend of global layoff's; Mahindra & Mahindra too has confirmed that it will be retrenching about 900 people globally. CNBC-TV18’s Kritika Saxena exp

  • Nifty may correct up to 2929: Angel

    16th December, 2008 09:21

    According to Angel Broking's Market Outlook report, if NIFTY trades below 2,970 for the first half-an-hour of trade then it may correct up to 2,929.

  • Expect negative opening: Karvy

    16th December, 2008 09:12

    According to Karvy Stock Broking's Technical Analysis report, Global indices are trading on a flat to negative note. Hence, our indices are expected to open on a n

  • Rupee opens at Rs 48.06 per dollar

    16th December, 2008 09:02

    The Indian Rupee opened at Rs 48.06 per dollar versus Rs 48.04 yesterday.

  • Mkts may open weak on -Ve global cues: PN Vijay 

    16th December, 2008 08:55

    Markets may open weak on negative global cues, but buying should emerge later in the day. Rally in midcaps will continue, says PN Vijay.

  • Crude highly volatile ahead of OPEC, Option expiry 

    16th December, 2008 08:52

    Nymex January crude is highly volatile ahead of OPEC and Option expiry. It is currently trading at USD 44.65 to a barrel. There is speculation that OPEC cut may be

  • Indian mkts to be much higher in 2-3 years: Puru Saxena  

    16th December, 2008 08:41

    Puru Saxena, CEO, Puru Saxena Wealth Management believes that India is in a good position now to do very well over the medium to long-term. For all those people wh

  • GSK sees big role for Indian cos in R&D

    16th December, 2008 08:39

    Research & development productivity is at all time low in the West and Indian companies have great potential to contribute to research services, according to Mr Ve

  • Any crossover above 3K to take Nifty to 3150: Panda 

    16th December, 2008 08:36

    Markets looking for a consolidation phase. Any crossover above 3,000 will take Nifty to 3,150. Some buying seen in 2700 Puts, therefore, one has to be cautious and

  • Toyota Kirloskar to cut output by 30% in Dec

    16th December, 2008 08:34

    Toyota Kirloskar Motor has said it will cut production by 30 per cent during the current month as there has been a dip in the passenger car sales.

  • Nifty likely to witness range of 3045-2860: Bhambwani

    16th December, 2008 08:32

    The coming session is likely to witness a range of 3045 on advances and 2860 on declines. The bullish pivot will be at the 2965 above which the Nifty spot must rem

  • Market cues: FIIs net sell $26.4 mn

    16th December, 2008 08:26

    Market cues: FIIs net sell USD 26.4 million and MFs net buy Rs 124.4 crore in equity on December 12.

  • Indian ADRs: Tata Comm slips 5.2%, Wipro down 3%

    16th December, 2008 08:22

    Indian ADRs: Tata Comm, Wipro, ICICI Bank, Dr Reddys, Infosys and Satyam plunged.

  • Spot rubber prices gain on covering purchases

    16th December, 2008 08:19

    The rubber prices improved on Monday. Gains in the domestic and international rubber futures kept the market in a positive mood and the prices moved up on covering

  • Wall Street ends lower; Dow ends 65 pts down

    16th December, 2008 08:16

    On Wall Street, stocks closed lower amid worries about bank earnings and weak consumer spending on techs. The market was weighed down by financials as investors aw

  • Vegoil imports rise 30% in Nov on lower global prices

    16th December, 2008 08:12

    Vegetable oil imports increased 30 per cent in November compared with the same period a year ago, as prices in the global market continued to decline. However, a f

  • Dealers expect rangebound market 

    16th December, 2008 08:00

    Flows were mixed at FII desk. FII net bought Rs 230 crore worth of shares and DIIs net bought Rs 43 croore. FIIs were net sellers to the tune of Rs 192 crore in F&

  • MF NAVs close higher as markets gain

    16th December, 2008 00:19

    Equity diversified NAVs closed higher with positive advance:decline ratio of 210:2, as the benchmark indices remained on the higher side throughout the session. Oi

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