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Moneycontrol News Archive : 5 December, 2008

  • Int'l sell-off, liquidity key mkt barriers: Raamdeo Agrawal 

    5th December, 2008 20:35

    Raamdeo Agrawal, Director and Co-Founder, Motilal Oswal Securities, said valuations are not much of a concern. "It is reasonable to expect 7.5-8.5 times. However,

  • US markets open weak: Dow down 70 points

    5th December, 2008 20:07

    US markets have opened weak. The Dow Jones Industrial Average is down 70.09 points or 0.84% at 8,306.15. The Nasdaq down 12.10 points or 0.84% to 1,433.46 and S&P

  • Experts unanimous: rate cuts won’t boost markets

    5th December, 2008 18:57

    Vivek Kudva, Pres-India, Franklin Templeton Investment, feels even as the fiscal measures that could be taken on Saturday would be good; to expect it to have an im

  • FIIs net sell of Rs 4.52 cr on Dec 05

    5th December, 2008 18:46

    FIIs were net sellers to the tune of Rs 4.52 crore in equity on December 05, 2008. (Provisional)

  • Rupee may appreciate in the short term: Commtrendz Research

    5th December, 2008 18:41

    According to Commtrendz Research's report on Indian Rupee, supports hold between 49.20/49.30 followed by 48.70. Resistances are around 50.25 followed by 50.90 leve

  • Ashok Chavan appointed new Maharashtra CM; Rane revolts 

    5th December, 2008 18:05

    Ashok Chavan has been appointed as chief minister of Maharashtra. Chavan takes over from Vilasrao Deshmukh who resigned yesterday in the wake of terrorist attacks

  • Govt cuts petrol price by Rs 5, diesel by Rs 2

    5th December, 2008 17:51

    As expected, the government has gone ahead to cut fuel prices, reports CNBC-TV18. The price of petrol has been cut by Rs 5 while the price of diesel has been cut b

  • Crude to trade at $40-42/bbl: Microsec Commerze 

    5th December, 2008 17:46

    Shamik Bhose of Microsec Commerze advises going short on crude once the marginal cost of production falls below USD 52-50 per barrel. He sees crude trading at USD

  • Bank of Rajasthan revises NRE & FCNR deposit rates

    5th December, 2008 17:35

    Bank of Rajasthan, one of the fastest growing, technology driven and customer friendly private sector bank, has announced revision in Non-Resident (External) Rupee

  • Rupee, bonds end higher 

    5th December, 2008 17:10

    Rupee ended higher at Rs 49.61 per USD as against its previous close of Rs 49.86.

  • Buy Jindal Steel, target of Rs 921: Indiabulls Securities

    5th December, 2008 16:59

    Indiabulls Securities Research has upgraded its rating on Jindal Steel & Power from hold to buy with price target of Rs 921. The research firm has used the DCF met

  • Radio Mirchi 98.3 FM Consistently No.1

    5th December, 2008 16:51

    Radio Mirchi 98.3 FM, India’s hottest Radio station has yet again left its competitors behind. The station has emerged as the #1 station in three out four RAM mark

  • HDFC Bank wins 'NASSCOM IT User Award'

    5th December, 2008 16:39

    HDFC Bank, one of India’s premier banks, has won the 'Nasscom – CNBC TV18 IT User Award 2008' for “Best IT Adoption in the Banking sector.

  • Buy Larsen and Toubro, Patel Engg, Gammon India: IIFL

    5th December, 2008 16:34

    IIFL has recommended a buy rating on Larsen and Toubro, Nagarjuna Construction Co., Gammon India, Patel Engineering Company, Maytas Infra, Sadbhav Engineering, an

  • MCX-SX launches website in Hindi for currency derivatives

    5th December, 2008 16:25

    MCX-SX (MCX Stock Exchange), India’s new stock exchange, launched websites in national and regional language (Hindi & Gujarati) at a function today.

  • World Bank may apply brakes on loans to NHAI 

    5th December, 2008 16:19

    The World Bank’s deadline for suspension of a USD 620 million loan to the National Highway Authority of India, or NHAI, for the Lucknow Muzzafarpur national highwa

  • Time to look at renewable energy resources

    5th December, 2008 16:16

    Time to look at renewable energy resources

  • Nivio awarded WEF Technology Pioneer for 2009

    5th December, 2008 16:00

    The World Economic Forum announced that Nivio has been awarded the Technology Pioneer Award for 2009. Nivio joins an elite group of visionary companies chosen for

  • Wipro launches Excise & Service Tax 'ACES' portal for CBEC

    5th December, 2008 15:50

    Wipro Infotech, the India and Middle East IT Business of Wipro Ltd and a leading provider of IT and business transformation services, today announced the launch of

  • Larsen can touch Rs 580-600: Gujral 

    5th December, 2008 15:40

    Technical Analyst, Ashwani Gujral is of the view that if Larsen and Toubro slips below Rs 700, it can go down to Rs 580-600.

  • Crude may trade between USD 40-55/bbl 

    5th December, 2008 15:37

    Crude really need to maintain USD 45-65 per barrel. For the very near term it is USD 40 per barrel on the lower side to USD 55 per barrel on the higher side.

  • Reduce TCS, Infosys, Wipro, HCL Tech: IIFL

    5th December, 2008 15:36

    IIFL has recommended a reduce rating on Tata Consultancy Services (TCS), Infosys Technologies, Wipro, HCL Technologies and an add rating on Satyam Computer Service

  • Reliance Ind can slip to Rs 1030: Gujral 

    5th December, 2008 15:35

    Technical Analyst, Ashwani Gujral is of the view that Reliance Industries can slip to Rs 1030 and Rs 1,180 is probably now sort of ceiling for this.

  • Jaiprakash Asso has support at Rs 50-51: Gujral 

    5th December, 2008 15:31

    Technical Analyst, Ashwani Gujral is of the view that Jaiprakash Associates has support at Rs 50-51 and it tends to run to Rs 76-77.

  • Wadhawan Food Retail opens smart supermarket in Karnataka

    5th December, 2008 15:25

    Wadhawan Food Retail Private Limited, India's leading food & grocery retailer, today launched its 50th Smart supermarket in Koramangala, Bangalore

  • See crude in $38-58/bbl range till June '09: Karvy Comtrade 

    5th December, 2008 15:15

    Ashok Mittal, Karvy Comtrade said crude should have traded somewhere between $60/bbl and $70/bbl. “But now since it has broken $48/bbl support and even

  • EDIMAX presents Wireless 802.11b/g 3G Broadband Router

    5th December, 2008 15:13

    Edimax Technology, leading manufacturer of networking solutions, today announced the launch of the Wireless 802.11b/g 3G multifunctional Broadband Router with Prin

  • HDFC Bank turns down

    5th December, 2008 15:09

    HDFC Bank has touched an intra day high of Rs 936.65 and an intra day low of Rs 863.50. At 3 pm, the share was quoting at Rs 881.10, down Rs 31.75, or 3.48%. It wa

  • Bullish on IBN18, TV18, Zee: IDFC SSKI 

    5th December, 2008 15:04

    Nikhil Vora, MD, IDFC SSKI, said the preferred entry points in media would be IBN18, Zee News, and also TV18, despite the fact that there are certain issues which

  • Hold JSW Steel, target of Rs 214: Emkay Global

    5th December, 2008 15:01

    Emkay Global Financial Services has downgraded its rating on JSW Steel from buy to hold with a target price of Rs 214 in its December 4, 2008 research report.

  • IRB Infrastructure continues to gain

    5th December, 2008 15:00

    IRB Infrastructure Developers had touched an intraday high of Rs 88.00 and an intraday low of Rs 82.45. At 2:56 pm, the share was quoting at Rs 87, up Rs 5.30, or

  • F&O turnover at Rs 30000 crore 

    5th December, 2008 14:57

    F&O turnover at Rs 30000 crore and total turnover at Rs 40000 crore. Nifty trading at 5 points dicount. 2800 Call has seen 11% open interest addtion and 2900 Call

  • BPCL declines sharply

    5th December, 2008 14:52

    BPCL had touched an intraday high of Rs 365.90 and an intraday low of Rs 342.90. At 2:42 pm, the share was quoting at Rs 344.15, down Rs 18.85, or 5.19%. It was tr

  • HDFC among major losers

    5th December, 2008 14:49

    HDFC is among major losers on the Sensex. It had touched an intraday high of Rs 1,547.80 and an intraday low of Rs 1,419. At 2:39 pm, the share was quoting at Rs 1

  • Buy Tata Power, target of Rs 872: Indiabulls Securities

    5th December, 2008 14:45

    Indiabulls Securities Research has upgraded its rating on Tata Power Company with a target price of Rs 872. Tata Power is expected to significantly ramp up its cap

  • Welspun Gujarat slumps 5.8%

    5th December, 2008 14:37

    Welspun Gujarat Stahl Roh had touched an intraday high of Rs 89.45 and an intraday low of Rs 82.10. At 2:27 pm, the share was quoting at Rs 82.80, down Rs 5.15, or

  • ABG Shipyard up 3.8% after SC tax relief order

    5th December, 2008 14:29

    ABG Shipyard had touched an intraday high of Rs 94.45 and an intraday low of Rs 85.30. At 2:27 pm, the share was quoting at Rs 87.50, up Rs 3.25, or 3.86% on the N

  • Sensex slips below 9k; European mkts trading weak

    5th December, 2008 14:23

    The cuts continue to get deeper in the markets. Oil, technology, power, capital goods, metal, FMCG and select telecom stocks are seeing huge selling pressure. Also

  • Thermax surges 7.2%

    5th December, 2008 14:13

    Thermax had touched an intraday high of Rs 175.75 and an intraday low of Rs 158. At 2:03 pm, the share was quoting at Rs 167.40, up Rs 11.25, or 7.20%. It was trad

  • TV Today up on large volumes

    5th December, 2008 14:07

    TV Today Network was trading with volumes of 72,950 shares. It had touched an intraday high of Rs 68 and an intraday low of Rs 58.50. At 1:57 pm, the share was quo

  • HPCL slips 5.3%

    5th December, 2008 14:00

    HPCL had touched an intraday high of Rs 243.70 and an intraday low of Rs 221.20. At 1:52 pm, the share was quoting at Rs 226.95, down Rs 12.85, or 5.36%. It was tr

  • Mkts weak; rate sensitives gain on rate cut hopes

    5th December, 2008 13:57

    The bulls tried to pull the markets back into the green but failed. Both indices are still trading weak, amid volatility. Selling continues in technology, capital

  • LANXESS presents inorganic pigments in Russia

    5th December, 2008 13:50

    Specialty chemicals company LANXESS AG is participating for the first time in ICCX 2008 (International Concrete Conference & Exhibition) in St. Petersburg, Russia

  • Inflation declines further to 8.40%: Emkay Global

    5th December, 2008 13:48

    Inflation for the week ended November 22, 2008 falls further to 8.40% as compared to 8.84% reported in the last week.

  • TV18 puts on a good show

    5th December, 2008 13:40

    Television Eighteen, TV 18 had touched an intraday high of Rs 70.50 and an intraday low of Rs 64. At 1:30 pm, the share was quoting at Rs 66, up Rs 3.30, or 5.26%.

  • Experts scale back sugar crop estimates on poor yield 

    5th December, 2008 13:33

    Narendra Murkumbi, Managing Director, Shree Renuka Sugars, said the sugar crop estimates are getting progressively downgraded as one moves into the crushing season

  • Gammon India bounces back

    5th December, 2008 13:29

    Gammon India had touched an intraday high of Rs 56.70 and an intraday low of Rs 47.50. At 1:20 pm, the share was quoting at Rs 55.80, up Rs 8.50, or 17.97%. It was

  • Rtgs on 42 APAC Synthetic CDOs placed on creditWatch -ve

    5th December, 2008 13:20

    Standard & Poor’s Ratings Services today placed the ratings on 42 Asia-Pacific (excluding Japan) synthetic collateralized debt obligations (CDOs) on CreditWatch wi

  • Buy Castrol India: Parag Parikh

    5th December, 2008 13:14

    Parag Parikh Financial Advisory Services has recommended a buy rating on Castrol India. The PAT of the company increased by 10% to Rs 919 million for Q3CY08 as com

  • Telecom selects Alcatel-Lucent to deploy IP/MPLS

    5th December, 2008 13:09

    Alcatel-Lucent has been selected by Telecom New Zealand (Telecom) to deploy its IP Multi-Protocol Label Switching (IP/MPLS)–based mobile backhaul solution

  • EIH maintains its march ahead

    5th December, 2008 13:01

    EIH had touched an intraday high of Rs 118.95 and an intraday low of Rs 101.05. At 12:53 pm, the share was quoting at Rs 118.05, up Rs 14.25, or 13.73%. It was tra

  • SAIL melts down

    5th December, 2008 12:58

    SAIL had touched an intraday high of Rs 72.60 and an intraday low of Rs 67.50. At 12:49 pm, the share was quoting at Rs 68, down Rs 2.6, or 3.68%. It was trading w

  • Maharashtra Scooters looks safe: A Chugh 

    5th December, 2008 12:54

    Ashish Chugh, Investment Analyst & Author of Hidden Gems is of the view that Maharashtra Scooters seems to be a safe stock in an uncertain market like this. This i

  • Nifty struggles @ 2750; BPCL, HPCL, IOC plunge

    5th December, 2008 12:46

    A sell-off in oil, technology, metal, FMCG, capital goods, power and select telecom stocks is putting pressure on the benchmark indices. ONGC is a bit volatile sto

  • Buffalo's participation in Dealer's Meet

    5th December, 2008 12:41

    Buffalo Inc., a global leader in the design, development and manufacturing of wired and wireless networking, storage and memory solutions, participated in a two da

  • Limited downside in Marg: A Chugh 

    5th December, 2008 12:34

    Ashish Chugh, Investment Analyst & Author of Hidden Gems is of the view that given the factor that Marg has dropped about 95% from its high at Rs 35, the downside

  • Deepak Fertilizers spurts up

    5th December, 2008 12:27

    Deepak Fertilizers and Petrochemicals Coprn had touched an intraday high of Rs 53.40 and an intraday low of Rs 48.45. At 12:18 pm, the share was quoting at Rs 52.6

  • Infosys Tech among major losers

    5th December, 2008 12:21

    Infosys Technologies is among major losers on the Sensex. It has touched an intraday high of Rs 1,179 and an intraday low of Rs 1,131.25. At 12:12 pm, the share wa

  • Buy Reliance Industries, target of Rs 1880: Angel

    5th December, 2008 12:19

    Angel Broking has maintained its buy rating on Reliance Industries with a target price of Rs 1880. The government has asked Reliance Industries (RIL) to supply nat

  • Broadridge: Top brokerage process service provider

    5th December, 2008 12:15

    Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, is pleased to announc

  • NYMEX crude falls 70% from record highs 

    5th December, 2008 11:59

    NYMEX crude falls 70% from record highs in 5 months. It is down 20% this week.

  • Best ever production by Tata Steel’s Blast Furnace in Nov

    5th December, 2008 11:51

    Tata Steel completed its production in the month of November on a buoyant note, by showing a significant increase in its hot metal and crude steel production

  • Tata Steel slips on profit booking

    5th December, 2008 11:48

    Tata Steel had touched an intraday high of Rs 189 and an intraday low of Rs 179.20. At 11:39 am, the share was quoting at Rs 180.35, down Rs 7.15, or 3.81%. It was

  • Hold Jagran Prakashan: G Shah 

    5th December, 2008 11:44

    Gaurang Shah of Geojit Financial Services is of the view that one can hold Jagran Prakashan, see an upside and make a switch on to the other media frontline counte

  • Aurobindo Pharma gets approval for Perindopril Erbumine tab

    5th December, 2008 11:42

    Aurobindo Pharma Limited is pleased to announce that the company has received tentative approvals from the US Food & Drug Administration for Perindopril Erbumine T

  • Introduction of F&O contracts on S&P CNX Defty Index 

    5th December, 2008 11:39

    Futures and options contracts will be introduced on CNX Defty index for trading in F&O segment w.e.f. 10th December 2008.

  • Mkts shed early gains; RIL, Infy, BHEL, L&T, Bharti weak

    5th December, 2008 11:32

    The markets shed its early gains and are seeing selling pressure amid some volatility. The Nifty slipped below 2800 mark. RIL, Infy, TCS, BHEL, L&T, and Bharti are

  • Ashish Chugh bullish on Marg, Maharashtra Scooters  

    5th December, 2008 11:21

    Ashish Chugh, Investment Analyst and Author, Hidden Gems, is bullish on Marg Ltd and Maharashtra Scooters. The former, he said, is a Bajaj Auto group company and h

  • HDIL can test Rs 114-119: Bose 

    5th December, 2008 10:53

    Technical Analyst, Rajat K Bose is of the view that above Rs 97 HDIL can test Rs 114-119.

  • Do not exit real estate stocks: Bose 

    5th December, 2008 10:50

    Technical Analyst, Rajat K Bose is of the view that immediately one shouldn't get out of realty stocks although in these realty stocks people might have made 25-30

  • Nifty hovering around 2800; cap goods, power, banks gain

    5th December, 2008 10:42

    The benchmark indices are trading higher with some volatility. Buying is seen in banking, telecom, realty, capital goods, and power stocks. However, selling contin

  • Tata MF launches Tata Fixed Horizon Fund Series 20-B

    5th December, 2008 10:40

    Tata Mutual Fund has launched Tata Fixed Horizon Fund Series 20-B, a close ended income scheme aims to generate income and / or capital appreciation by investing i

  • Buy Mentha Oil MCX 1st Mon Fut at Rs 531.9: Hem

    5th December, 2008 10:38

    Hem Securities has recommended to buy Mentha Oil MCX 1st Month Future at Rs 531.9 with a stoploss of Rs 522 and a target of Rs 542.

  • RBI allowes FIIs to buy upto 40% in Mcleod Russel; stk up

    5th December, 2008 10:29

    Mcleod Russel had touched an intraday high of Rs 42.50 and an intraday low of Rs 38.75. At 10:20 am, the share was quoting at Rs 39, up Rs 1.75, or 4.70%. RBI has

  • See Sensex at 13500 in FY09: UBS Sec 

    5th December, 2008 10:27

    Suresh Mahadevan, HOR, UBS Securities sees Sensex target of 13500 based on 15 times 5% EPS growth in FY09 and flat in FY10. According to him, economic growth is li

  • Buy Tata Steel, target of Rs 386: Karvy

    5th December, 2008 10:25

    Karvy Stock Broking has maintained its buy rating on Tata Steel with a target price of Rs 386. Tata Steel's Corus and other subsidiaries have reported EBIDTA of Rs

  • HDIL shoots up smartly

    5th December, 2008 10:21

    HDIL had touched an intraday high of Rs 97.60 and an intraday low of Rs 90. At 10:09 am, the share was quoting at Rs 97.35, up Rs 5, or 5.41%. It was trading with

  • Indian GDRs: Gail gains 12%, Satyam slips 7%

    5th December, 2008 10:13

    Indian GDRs: Gail gained 11.90% at USD 23.50, L&T was up 9.30% at USD 15.16, RIL rose 8.58% at USD 46.34, SBI advanced 8.33% at USD 46.80, Tata Motors rose 5.61% a

  • Sell Gold February: Mansukh Securities

    5th December, 2008 10:09

    Mansukh Securities and Finance has recommended to sell Gold February till Rs 12700 with stoploss above Rs 12800 for the target of Rs 12500, Rs 12400.

  • Orbit Corporation gains further ground

    5th December, 2008 10:04

    Orbit Corporation has touched an intraday high of Rs 49.90 and an intraday low of Rs 47. At 10:03 am, the share was quoting at Rs 49.80, up Rs 3.20, or 6.87% on th

  • Nifty has support at 2752-2721: India Capital Markets

    5th December, 2008 10:00

    According to India Capital Markets' Technical Outlook, Nifty has a support at 2752 & 2721 and faces resistance at 2803 & 2838.

  • NDTV maintains its march ahead

    5th December, 2008 09:58

    NDTV has continued to gain. It had touched an intraday high of Rs 102.90 and an intraday low of Rs 93. At 09:57 am, the share was quoting at Rs 101, up Rs 8.25, or

  • NDTV has target of Rs 107: Bose 

    5th December, 2008 09:55

    Technical Analyst, Rajat K Bose is of the view that NDTV has initial target of Rs 107. If Rs 107 to Rs 117 is crossed in this pullback rally then it can move up ev

  • Nifty has support between 2550-2500: Networth

    5th 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 a range between 2550-

  • Expect markets to open flat to marginally down: HDFC Sec

    5th December, 2008 09:47

    According to HDFC Securities' Morning report, expect the markets to open flat to marginally down.

  • Late day sell off puts pressure on Wall Street  

    5th December, 2008 09:41

    Another late day sell off on Wall Street and stocks were falling for the first time in three days, concerns that General Motors (GM) might be forced to file for ba

  • Nifty has resistance at 2835: Mansukh Securities

    5th December, 2008 09:34

    According to Mansukh Securities and Finance's report, Nifty is moderately bullish but at the same time it is near its important resistance at 2835.

  • Don’t expect media sector to run away in near term 

    5th December, 2008 09:31

    Media sector has got completely butchered over the last one year and in part deservedly may be because advertising revenues will hurt, there will be a slowdown and

  • Mkts choppy; commodity stocks under pressure

    5th December, 2008 09:29

    The markets have opened lower following weak US cues, but immediately managed to recover and is now trading volatile. Commodity stocks are under pressure.

  • Expect further momentum in near term: Angel

    5th December, 2008 09:26

    According to Angel Broking's Technical Analysis report, on the daily charts, indices have closed convincingly above the trend line, which suggests further momentum

  • Decline in crude prices good for Indian macros 

    5th December, 2008 09:19

    If crude is going to trade in a much lower range for the next 6-12 months then what happens to the earnings of Reliance, ONGC and Cairn. Cairn has got punished but

  • Sebi amends insider trading regulations 

    5th December, 2008 09:10

    In a circular released earlier this week, market regulator, Securities and Exchange Board of India has introduced some key changes to its 2002 insider trading regu

  • 10-year yield seen between 6.80-7%: Gurumurthy

    5th December, 2008 09:04

    The sentiment in bond market may remain bullish on large rate cuts in major economies and rate cut expectations by RBI over the weekend. The 10-year yield is seen

  • Positive trend may continue; PN Vijay 

    5th December, 2008 09:00

    Markets have started trending up on hopes of an economic stimuls package. The positive trend may continue & beaten down sectors like realty & auto may see buying,

  • Expect rupee to trade between 49.60-50:Sharma

    5th December, 2008 08:59

    The rupee could show strength after markets bounced back yesterday. However, demand from importers could cap the currency at Rs 49.60 per dollar. The range for the

  • ACC may raise Rs 200cr via debentures to fund capex 

    5th December, 2008 08:57

    Cement major ACC seems to be resorting to a bond issue to relieve pressures from equity erosion. It will issue non-convertible debentures of Rs 200 crore for expan

  • Sell MCX Feb Gold at Rs 12222: Vakil

    5th December, 2008 08:52

    For gold sell MCX February at Rs 12,222 per 10 grams with a target of Rs 12,390 per 10 grams, says Vakil.

  • Saraswati Ind Syndicate, Himachal Fibres to resume trading

    5th December, 2008 08:48

    Saraswati Industrial Syndicate and Himachal Fibres will resume trading. There is no circuit filter today.

  • Falling crude price to add pressure on RIL, Cairn 

    5th December, 2008 08:43

    Flows at FII desk was banking driven and permission based buying was seen in SBI and OBC. Falling crude price will add pressure on stocks like RIL and Cairn, as Me

  • Hyundai, GM, Mahindra plan to launch gas variants

    5th December, 2008 08:40

    Greener fuels are gradually gaining ground in the automobile industry with manufacturers focusing on more gas variants.

  • Yamaha to roll out scooter next year

    5th December, 2008 08:37

    Yamaha Motor India Sales Private Ltd plans to launch its first scooter next year. Since inception, the company was banking only on motorcycles despite the fact tha

  • Auto dealers put brakes on despatches from companies

    5th December, 2008 08:35

    As retail auto sales nosedive and stock levels keep rising, many of the automobile dealers are asking companies to halt their despatches temporarily.

  • Market cues: FIIs net sell $120.6 mn

    5th December, 2008 08:32

    Market cues: FIIs net sell USD 120.6 million and MFs net buy Rs 106.2 cr in equity on December 3.

  • Nifty likely to witness range of 2885-2700: Bhambwani

    5th December, 2008 08:29

    The coming session is likely to witness a range of 2885 on advances and 2700 on declines. The bullish trigger for the coming session will be the 2745 mark above wh

  • Indian ADRs: Satyam down 7%, Wipro down 6.4%

    5th December, 2008 08:25

    Indian ADRs: Satyam, Wipro, Infosys, Patni, MTNL and HDFC Bank plunged, while Tata Motors, Sterlite, Dr Reddys and Tata Comm was up.

  • Wall St slips on poor economic data; Dow down 215 points

    5th December, 2008 08:20

    In the US markets stocks ended sharply lower on poor economic data. Factory orders fell by 5.1%, the biggest drop in eight years and jobless claims fell by 21,000.

  • Spot rubber declines further on global cues

    5th December, 2008 08:17

    The domestic spot rubber surrendered further on Thursday. The prices fell on an almost panic selling from dealers and growers following sharp declines in global in

  • MF NAVs end on strong note as mkts surge

    5th December, 2008 00:35

    Equity diversified NAVs ended on a strong note with positive advance:decline ratio of 215:2, as the benchmark indices saw a sharp rally in the second half of sessi

  • Auto cos cut price; experts doubt increase in sales

    5th December, 2008 20:34

    Bad times for the auto industry seem to be good times for the consumer. Car manufacturers are doling out discounts to lure customers. There are heavy discounts run

  • Nifty Futures adds Rs 25843 cr in OI: Anagram

    5th December, 2008 19:07

    Nifty Futures have added Rs 25843 crore in the open interest on December 5, 2008 report.

  • DIIs net sell of Rs 184.02 cr on Dec 05

    5th December, 2008 18:48

    DIIs were net sellers to the tune of Rs 184.02 crore in equity on December 05, 2008 (Provisional).

  • FIIs net buy of $ 111.1 mn on Dec 4

    5th December, 2008 18:41

    FIIs were net buyers to the tune of USD 111.1 million in equity on December 4.

  • Sell MCX Copper (Feb) at Rs 168: Anagram

    5th December, 2008 18:18

    Anagram Research has recommended to sell MCX Copper (February) at Rs 168 with a stoploss of Rs 175 in its December 5, 2008 research report.

  • How much will the RBI cut rates by?

    5th December, 2008 17:57

    The Reserve Bank of India (RBI) is likely to cut repo rate by 100-150 bps and reverse repo rate by 50-100 on Saturday. The RBI is also likely to ask banks to cut d

  • NCDEX- Trade details for December 05, 2008

    5th December, 2008 17:50

    At NCDEX, 2,029 users participated in trading on December 05, 2008 up to 5:00 pm and volumes were Rs 1,069 crore (one-way). There were more than 33,869 trades pu

  • Expected fiscal sops to hardly impact mkts: Barclays Cap 

    5th December, 2008 17:37

    Sailesh Jha, Director-Asian Economic Research at Barclays Capital, feels the impact of any monetary or fiscal policy action that happens soon, as expected, will be

  • Buy Wyeth: Parag Parikh

    5th December, 2008 17:15

    Parag Parikh Financial Advisory Services has recommended a buy rating on Wyeth. The research firm expects the company to achieve a growth of 10-13% CAGR over FY08-

  • Cox & Kings: India’s No. 1 brand among Top 1000 brands

    5th December, 2008 17:02

    Cox and Kings, the 250-year-old travel company, is the number one brand in India and ranks 152 in the Asia Pacific region.

  • Set up system to track IPO bank guarantee: Sebi to SEs

    5th December, 2008 16:53

    The market regulator, SEBI has asked exchanges to set up system to track IPO bank guarantee, reports CNBC-TV18.

  • Expect markets to remain volatile: Reliance Money

    5th December, 2008 16:47

    According to Reliance Money's report, expect the markets to remain volatile and despite the unprecedented policy response from central bankers across the globe, in

  • SBI has resistance at Rs 1180-1200: Gujral 

    5th December, 2008 16:35

    Technical Analyst, Ashwani Gujral is of the view that State Bank of India, SBI has strong resistance at Rs 1180-1200. It is probably one of the stronger groups, bu

  • Auto cos line up discounts, schemes to lure customers 

    5th December, 2008 16:26

    If you have been planning to buy a car, this could be the best time as most auto companies are lining up discounts and schemes to lure customers.

  • Global indices choppy ahead of US Nov employment report 

    5th December, 2008 16:22

    Global indices were choppy ahead of US November employment report, which analysts speculate will be worst since last quarter. Crude related stocks & base metal sto

  • Expected market levels in next five years

    5th December, 2008 16:18

    This market correction has provided unique opportunity to investors to participate in India growth story. This is the never to be missed opportunity as both India

  • EIH can touch Rs 145-150: Bhambwani 

    5th December, 2008 16:01

    Technical Analyst, Vijay Bhambwani is of the view that EIH can touch Rs 145-150.

  • Shriram Transport Fin slows down disbursements in Q3 

    5th December, 2008 16:00

    R Shridhar, Shriram Transport Finance Company said the company has been financing both new as well as used trucks. “Used trucks form 75% of our loans. We have del

  • As going gets tough, CEOs prefer clear-speak to rally teams

    5th December, 2008 15:43

    Amid panic and all-round mayhem, when business is difficult and spirits are low, it’s a question that CEOs across India Inc are grappling with. What to say and how

  • Buy Jain Irrigation at Rs 250: Bhambwani

    5th December, 2008 15:39

    Technical Analyst, Vijay Bhambwani is of the view that one can buy Jain Irrigation Systems at Rs 250.

  • MCX-SX launches website in Hindi & Gujarati

    5th December, 2008 15:37

    MCX-SX (MCX Stock Exchange), India’s new stock exchange, launched websites in national and regional language (Hindi & Gujarati) at a function today.

  • Sensex ends below 9K ahead of fiscal stimulus package

    5th December, 2008 15:35

    The benchmark indices witnessed profit booking and lost more than half of the gains seen on Thursday. Commodities, infrastructure, metal, FMCG and telecom stocks t

  • TCS, Infosys real culprits in dragging mkts down 

    5th December, 2008 15:31

    Stocks like Steel Authority of India (SAIL) and Tata Steel and Hindalco in metals, SBI and HDFC in financials, Reliance Industries, DLF all these stocks have led t

  • Unitech adds 48 lakh shares in OI 

    5th December, 2008 15:26

    Unitech was a stock that is extremely interesting and has made huge moves this week. One of the biggest gainers from the Nifty. The stock has added 48 lakh shares

  • Asian markets end higher

    5th December, 2008 15:15

    Asian markets ended higher. Hong Kong's Hang Seng gained 2.49% or 336.31 points at 13,846.09. South Korea's Seoul Composite advanced 2.14% or 21.59 points at 1,028

  • LIC Housing Finance plunges over 8%

    5th December, 2008 15:15

    LIC Housing Finance had touched an intraday high of Rs 222.75 and an intraday low of Rs 199.40. At 3:05 pm, the share was quoting at Rs 203.00, down Rs 18.3, or 8.

  • Buy Bhushan Steel, target of Rs 523: Emkay Global

    5th December, 2008 15:13

    Emkay Global Financial Services has maintained its buy rating on Bhushan Steel with a target of Rs 523 in its December 4, 2008 research report.

  • Buy IBN18 Broadcast: Vora

    5th December, 2008 15:07

    Nikhil Vora, MD of IDFC SSKI is of the view that one can buy IBN18 Broadcast.

  • Bajaj Allianz Life & HARCO to distribute life insurance

    5th December, 2008 15:02

    Bajaj Allianz Life Insurance, HARCO and its 19 District Central Cooperative Banks have joined hands to provide life insurance solutions across Haryana through the

  • Tech, oil, metal, bank stocks drag markets lower

    5th December, 2008 15:00

    Huge sell-off in oil, metal, capital goods, power, technology, FMCG and select telecom stocks has weighed on the benchmark indices. Downtrend in European indices i

  • Reliance group, support companies ask 5,000 employees to go

    5th December, 2008 14:58

    The global financial crisis has hit India's largest private sector conglomerate. The Reliance group and its associate companies have asked about 5,000 employees to

  • Nuclear sector will open up to pvt enterprises: Kapil Sibal

    5th December, 2008 14:53

    Nuclear trade in India has recently revved – up India’s global stance, offering an efficient model for trade.

  • Hold Tata Steel, target of Rs 143: Emkay Global

    5th December, 2008 14:51

    Emkay Global Financial Services has downgraded its rating on Tata Steel from buy to hold with a target price of Rs 143 in its December 4, 2008 research report.

  • Pantaloon Retail has target of Rs 284: H Agrawal 

    5th December, 2008 14:48

    Hitesh Agrawal, VP Research of Angel Broking is of the view that Pantaloon Retail has target of Rs 284. It belongs to the future Group Of Companies and its India’s

  • Reliance Industries drops on selling pressure

    5th December, 2008 14:44

    Reliance Industries had touched an intraday high of Rs 1,182 and an intraday low of Rs 1,103.20. At 2:33 pm, the share was quoting at Rs 1,104.15, down Rs 55.15, o

  • TCS tumbles 5.2%

    5th December, 2008 14:35

    TCS had touched an intraday high of Rs 549 and an intraday low of Rs 520.15. At 2:25 pm, the share was quoting at Rs 521, down Rs 28.75, or 5.23%. It was trading w

  • Aurobindo Pharma shoots up smartly

    5th December, 2008 14:25

    Aurobindo Pharma had touched an intraday high of Rs 122.45 and an intraday low of Rs 108. At 2:15 pm, the share was quoting at Rs 118, up Rs 9.55, or 8.81%. Accord

  • Hold Siemens: Indiabulls Securities

    5th December, 2008 14:16

    Indiabulls Securities Research has recommended a hold rating on Siemens. Siemens India Limited (SIEM) witnessed a weak performance in the fiscal year ending Septem

  • See cut in reverse repo to 6-7.5% range: Deutsche Bank 

    5th December, 2008 14:07

    Anant Narayan of Deutsche Bank feels a repo and a reverse repo rate cut is imminent given the strong rate cut action that happened on the part of the European cent

  • Sell Tata Motors, target of Rs 125: Indiabulls Securities

    5th December, 2008 14:02

    Indiabulls Securities Research has downgraded its rating on Tata Motors from hold to sell with a target price of Rs 125. Tata Motors Limited (TML)’s sales volume

  • Grasim Industries makes smart gain

    5th December, 2008 13:58

    Grasim had touched an intraday high of Rs 967 and an intraday low of Rs 932.20. At 1:50 pm, the share was quoting at Rs 958.35, up Rs 29.75, or 3.20%. It was tradi

  • European markets trading weak; CAC, DAX down 2%

    5th December, 2008 13:56

    European markets werer trading weak. CAC 40 fell 1.99% or 63.02 points at 3,098.14. DAX declined 1.81% or 82.65 points at 4,481.58. FTSE 100 slipped 1.22% or 50.78

  • NTPC adds 15 lakh shares in open interest 

    5th December, 2008 13:49

    NTPC is one stock which has looked weak in the last few days and today also the cost of carry would turn into negative. The stock is down 4% and has added nearly 1

  • Concrete gain for Ambuja Cements

    5th December, 2008 13:44

    Ambuja Cements had touched an intraday high of Rs 56.15 and an intraday low of Rs 53.30. At 1:43 pm, the share was quoting at Rs 56, up Rs 2.30, or 4.28% on the NS

  • Buy Tech Mahindra, target of Rs 320: Emkay Global

    5th December, 2008 13:38

    Emkay Global Financial Services has maintained its buy rating on Tech Mahindra with a target of Rs 320. The research firm expects TechM to report earnings of Rs 60

  • Novell product revenue increased 8% YoY

    5th December, 2008 13:29

    Novell, Inc. announced financial results for its fourth fiscal quarter and full fiscal year ended October 31, 2008. For the quarter, Novell reported net revenue of

  • Telecom ministry to refund Rs 112 crore to Rel Comm; stk up

    5th December, 2008 13:25

    Reliance Communications has touched an intra day high of Rs 207.80 and an intra day low of Rs 196.15. At 1:15 pm, the share was quoting at Rs 203, up Rs 6.05, or 3

  • Dealers expect profit booking at higher levels 

    5th December, 2008 13:16

    Flows positive at FII desk; buy/sell ratio 3:2. Dealers expect profit booking at higher levels; DIIs are raising cash levels. Metal pack is under pressure on back

  • Wockhardt up on US FDA approval for anti-infective generic

    5th December, 2008 13:14

    Wockhardt had touched an intraday high of Rs 103.70 and an intraday low of Rs 98.50. At 1:03 pm, the share was quoting at Rs 99.80, up Rs 1.70, or 1.73%. The compa

  • Golden Tobacco gushes forth

    5th December, 2008 13:05

    Golden Tobacco had touched an intraday high of Rs 51.50 and an intraday low of Rs 44.60. At 12:56 pm, the share was quoting at Rs 48.80, up Rs 4.50, or 10.16%. It

  • Buy Tata Steel, target of Rs 361: Motilal Oswal

    5th December, 2008 12:58

    Motilal Oswal has maintained its buy rating on Tata Steel with a target of Rs 361. Consolidated 2QFY09 adjusted PAT increased 256% YoY to Rs 51.7 billion v/s estim

  • SAIL to establish 7th SPU in Bihar

    5th December, 2008 12:58

    In the series of Steel Processing Units being established by steel behemoth Steel Authority of India Limited with a view to making steel easily available in variou

  • LearnHub launches IIT-JEE Community

    5th December, 2008 12:50

    LearnHub Launches IIT-JEE Community - an online platform for JEE aspirants across India. The IIT-JEE is among the toughest exams in the world, with 3,20,000 studen

  • Punj Lloyd gets Singapore $ 250 million order; stk dwn

    5th December, 2008 12:46

    Punj Lloyd had touched an intraday high of Rs 157.35 and an intraday low of Rs 147.05. At 12:36 pm, the share was quoting at Rs 150.85, down Rs 1.95, or 1.28%. The

  • Eli Lilly sues Lupin for patent violation, stock down

    5th December, 2008 12:36

    Lupin had touched an intraday high of Rs 598 and an intraday low of Rs 560. At 12:26 pm, the share was quoting at Rs 584.95, down Rs 3.85, or 0.65%. According to

  • Ek Saal Free Maal-BIG FM's answer to impeding recession

    5th December, 2008 12:31

    BIG 92.7 FM – India’s No. 1 FM network, has been seen implementing its brand philosophy of ‘Suno Sunao, Life Banao’ literally on many occasions.

  • Indian securitisation mkt solid amidst global meltdown

    5th December, 2008 12:23

    A study by CRISIL reveals that the retail securitisation market in India is better placed than it is in many other countries, notably the US. The size difference n

  • Mahadevan negative on Tata Motors 

    5th December, 2008 12:21

    Suresh Mahadevan, HOR of UBS Securities is negative on Tata Motors partly because of slow down, partly because they are heavily leveraged as well.

  • Buy ICICI Bank, says Mahadevan 

    5th December, 2008 12:18

    Suresh Mahadevan, HOR of UBS Securities is of the view that ICICI Bank is trading close to distress kind of valuation on an adjusted price to book, it’s at less th

  • Fiscal stimulus pkg to be declared soon: Kamal Nath 

    5th December, 2008 12:13

    Commerce Minister, Kamal Nath said the first phase of the fiscal stimulus package will be announced soon and it will be quite substantial. “However, we are non-com

  • Bartronics India marches ahead

    5th December, 2008 11:55

    Bartronics has touched an intra day high of Rs 69.50 and an intra day low of Rs 58. At 11:45 am, the share was quoting at Rs 65.50, up Rs 7.30, or 12.54%. It was t

  • Angel neutral on Ashok Leyland

    5th December, 2008 11:51

    Angel Broking has maintained its neutral rating on Ashok Leyland. Ashok Leyland’s total sales in November 2008 fell 60.2% yoy to 2,307 vehicles (5,800 vehicles). T

  • Jaiprakash Asso top loser on the Sensex

    5th December, 2008 11:44

    Jaiprakash Associates is top loser on the Sensex. It had touched an intraday high of Rs 72.50 and an intraday low of Rs 66.60. At 11:33 am, the share was quoting a

  • Angel Broking neutral on ACC

    5th December, 2008 11:42

    Angel Broking has maintained its neutral rating on ACC. ACC has raised Rs 200 crore via bond issue. The tenure of a bond is five years and the coupon rate will be

  • Hold Jagran Prakashan: Mohindar 

    5th December, 2008 11:40

    Rahul Mohindar of Viratechindia is of the view that one can hold Jagran Prakashan and wait for another 10-15% kind of an upmove before any exit.

  • Exit Suzlon Energy at Rs 50-52: Mohindar 

    5th December, 2008 11:35

    Rahul Mohindar of Viratechindia is of the view that one can exit Suzlon Energy at Rs 50-52. It is probably much more prudent to switch from Suzlon into NTPC, if a

  • Exit Suzlon Energy on upside: G Shah 

    5th December, 2008 11:29

    Gaurang Shah of Geojit Financial Services is of the view that one can exit Suzlon on upside. Right from the takeover of the RE Power that Suzlon did the company is

  • Financial constraints to slowdown PPP projects: BNP Paribas 

    5th December, 2008 11:16

    Lakshminarayana Ganti, Analyst, BNP Paribas, feels with private sector facing financing constraints, PPP, or public-private partnerships, projects may slow down. “

  • Experts see interest rates trending down ahead 

    5th December, 2008 10:52

    KC Chakrabarty, CMD, Punjab National Bank, said the bank will decide to cut rates further on January 1. “We will cut deposits, lending rates as and when inflation

  • Buy Jeera-Jan above Rs 10750: India Infoline

    5th December, 2008 10:44

    India Infoline has recommended to buy Jeera-Jan above Rs 10750 with a stoploss of Rs 10660 and target of Rs 10833, Rs 10915, Rs 11000.

  • Force Motors surges 10%

    5th December, 2008 10:41

    Force Motors had touched an intraday high of Rs 94.10 and an intraday low of Rs 87.90. At 10:31 am, the share was quoting at Rs 92.40, up Rs 8.45, or 10.07%. Germa

  • IDFC MF launches IDFC FMP- Quarterly Series 48

    5th December, 2008 10:39

    IDFC Mutual Fund has launched IDFC Fixed Maturity Plans- Quarterly Series 48, a close ended income scheme aims to generate income by investing in a portfolio of de

  • Sell Gold Feb below Rs 12350: India Infoline

    5th December, 2008 10:35

    India Infoline has recommended to sell Gold Feb below Rs 12350 with a stoploss of Rs 12384 and target of Rs 12317, Rs 12290, Rs 12258.

  • Crude may test USD 42/bbl 

    5th December, 2008 10:28

    Crude January futures slipped 6.5% to 4 year lows yesterday. It is currently trading at USD 44 to a barrel on the NYMEX. US fuel consumption was down 6.2% year-on-

  • Marg gets greenfield airport development contract, stk up

    5th December, 2008 10:26

    Marg has touched an intraday high of Rs 36.10 and an intraday low of Rs 36.10. At 10:15 am, the share was quoting at Rs 36.10, up Rs 1.70, or 4.94%. It was trading

  • Nagarjuna Fert continues to gain

    5th December, 2008 10:23

    Nagarjuna Fert has continued to gain. It had touched an intraday high of Rs 16.60 and an intraday low of Rs 14.75. At 10:22 am, the share was quoting at Rs 16.40,

  • Delivery system to convert pkg into demand: Infra cos 

    5th December, 2008 10:19

    Media reports suggest a fiscal stimulus package could be announced by the weekend. Commenting on the same, Atul Punj, Punj Lloyd and R Seshasayee, Ashok Leyland, f

  • Unitech advances 7%

    5th December, 2008 10:10

    Unitech had touched an intraday high of Rs 32.70 and an intraday low of Rs 29.70. At 10:10 am, the share was quoting at Rs 32.40, up Rs 2.20, or 7.28% on the NSE.

  • Suzlon Energy top gainer on the Nifty

    5th December, 2008 10:09

    Suzlon Energy is the top gainer on the Nifty. It had touched an intraday high of Rs 44.90 and an intraday low of Rs 41.60. At 10:08 am, the share was quoting at Rs

  • Sterlite Industries melts down 4%

    5th December, 2008 10:01

    Sterlite Industries has slipped today. It had touched an intraday high of Rs 258 and an intraday low of Rs 244.25. At 10 am, the share was quoting at Rs 246.80, do

  • Sensex has support at 9150-9020: ICICIdirect.com

    5th December, 2008 09:58

    According to ICICIdirect.com's report, the Sensex has supports at 9150 and 9020 and resistances at 9410 and 9470.

  • Indian law firms file PIL seeking police modernisation 

    5th December, 2008 09:55

    Mumbai has been attacked over 15 times in the last two decades, each attack exposing flaws in the city’s security systems. A number of people have converted this a

  • Tough days remain for textile space 

    5th December, 2008 09:54

    There is no joy in textile sector because the sector is weak. There are sectors which are strong, which have got beaten down and there are sectors, which are weak

  • Buy Nifty on dips: Nirmal Bang

    5th December, 2008 09:50

    According to Nirmal Bang's report, going forward buying is sensible on dips with a stop loss of (2720-2695) and on the higher side if nifty remains above 2835 then

  • Expect flat opening: Karvy

    5th December, 2008 09:43

    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 flat note to

  • Nifty has resistance at 2850: Reliance Money

    5th December, 2008 09:40

    According to Reliance Money's Morning Notes, as for today's trade it is extremely important for markets to cross the major hurdle of 2850 on closing basis for sust

  • See Nifty above 3K in Dec: Rajat Bose 

    5th December, 2008 09:33

    Rajat Bose of rajatkbose.com said one can play on the long side if the markets open flatish. "The current market rally has long legs. Once the Nifty crosses 2,859

  • Nifty has resistance between 2832-2865: Anagram

    5th December, 2008 09:30

    According to Anagram Research's report, the next resistance for the Nifty continues to be the region between 2832-2865.

  • See pressure on earnings next year: Kotak Sec 

    5th December, 2008 09:26

    Sanjeev Prasad, Head-Research, Kotak Securities, said crude prices will not sustain at current levels. According to him, oil companies like Reliance will not suffe

  • Nifty may rally up to 2839-2890: Angel

    5th December, 2008 09:22

    According to Angel Broking's Market Outlook report, if Nifty trades above 2743 during the first half-an-hour of trade then it may witness a further rally up to 2,8

  • FIIs net buy Rs 769 crore in Nifty Futures 

    5th December, 2008 09:17

    Nifty Futures added 20 lakh shares in Open Interest and ended at 8-point premium. Nifty Open Interest Put-Call ratio increased to 1.15 versus 1.05. Nifty 2500-2700

  • Expect some more gains today: Mohoni

    5th December, 2008 09:05

    European markets slipped last night, while the US indices fell rather sharply. However, Asian markets are up this morning, and the global short-term trend has turn

  • Rupee opens at Rs 49.96 per dollar

    5th December, 2008 09:02

    The Indian Rupee opened at Rs 49.96 per dollar versus Rs 49.87 yesterday.

  • Change in circuit filters stocks on BSE

    5th December, 2008 09:00

    The circuit filters have been changed from their existing levels in Solix Technologies, Midas Pharmasec and Rajratan Global Wire on the BSE with effect from Decemb

  • Near term range for crude seen between $40-48/bbl 

    5th December, 2008 08:58

    Crude January futures fell 6.5% to 4 year lows yesterday. It is currently trading at USD 43.5 to a barrel on the NYMEX. US fuel consumption was down 6.2% year-on-y

  • Mkts to trade volatile; Nifty may touch 2,850 

    5th December, 2008 08:56

    Today, trade will pave the way for an eventful weekend. There are expectations of policy changes both from fiscal as well as on the monetary front. Markets may wit

  • US Energy sector declines nearly 7% as oil tumbles 

    5th December, 2008 08:51

    US markets plunged in last hour of trade led by energy shares, as crude tumbled 6.5% to 4-year low and Merrill Lynch said that oil could fall to $25/bbl next y

  • Market seems to be in positive mode: Abhinay Jain 

    5th December, 2008 08:46

    The market seems to be in positive mode but could consolidate around 2750-2850 for a day or two before making a significant move, says Abhinay Jain.

  • Supertex Inds to resume trading; no circuit filter today

    5th December, 2008 08:42

    Supertex Industries will resume trading after reduction of capital. There will be no circuit filter today.

  • IT industry growth may halve to 15% this fiscal: Infosys

    5th December, 2008 08:38

    The country’s second largest IT services company Infosys Technologies said on Thursday that the growth rate of overall Indian IT and ITES sector may slow down to a

  • Support for the Sensex at 8850: Gaba

    5th December, 2008 08:37

    The support for the Sensex is 8850 and the resistance to the up move is at 9320-9478-9630.

  • F&O cues: Futures Open Int up by Rs 2090 cr

    5th December, 2008 08:34

    F&O cues: Stock Futures add 4 cr shares in Open Int. Futures Open Int up by Rs 2090 crore, Options Open Int up by Rs 1488 crore.

  • Crude at 4-yr low, trades at $43.7/bbl

    5th December, 2008 08:30

    Crude slipped below USD 44 per barrel, near the lowest since January 2005, as gasoline futures dropped under USD 1 per gallon and fears that a recession in the US,

  • Stocks in news: Rel Comm, Aurobindo Pharma, NMDC

    5th December, 2008 08:28

    Stocks in news: Telecom ministry agreed to refund Rs 112 crore to Reliance Communication on company surrendering dual tech approval in 6 cities. NMDC cut prices of

  • Arrivals surge at Kochi tea auction

    5th December, 2008 08:21

    Arrivals of both dust and leaf grades continued to be high at the Kochi Tea Auction and prices continued to gravitate lower.

  • Futures trading resumes in 4 commodities

    5th December, 2008 08:19

    Belying subdued response, the four commodities – chana, potato, soyoil and rubber – in which futures trading was re-launched, received good trading interest with p

  • Asian markets trading firm; Hang Seng up 2%

    5th December, 2008 08:16

    Asian markets were trading firm. China's Shanghai Composite was up 0.22% or 4.31 points at 2,005.81. Hong Kong's Hang Seng gained 2.07% or 279.44 points at 13,789.

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