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Moneycontrol News Archive : 26 November, 2008

  • TERROR NON-STOP: 101 killed in Mumbai attacks

    26th November, 2008 22:20

    At least 101 people, including a foreign tourist and a top counter-terror officer, were killed and about 287 injured as terrorists struck in the heart of Mumbai in

  • Suzuki's big boys Hayabusa, Intruder enter India 

    26th November, 2008 20:36

    The two big mean machines, iconic brands from Suzuki's stable is finally here - the Intruder 1800 cc cruiser and the much awaited 1300 cc Hayabusa. The bikes are p

  • Pvt banks shower freebies to entice depositors 

    26th November, 2008 20:26

    The good old savings account has become the most sought after product by bankers. Driven by the need to garner low cost deposits, private banks are showering freeb

  • Sell Balrampur Chini, target of Rs 29: PINC

    26th November, 2008 19:36

    PINC Research has downgraded its rating on Balrampur Chini Mills to sell with a target of Rs 29. It posted net profits of Rs 146 million against a loss of Rs 337 m

  • Hold Tata Comm, target of Rs 426: Asit C. Mehta

    26th November, 2008 19:02

    Asit C. Mehta has maintained its hold rating on Tata Communications with a target of Rs 426. The company registered a net loss including exceptional item (claim se

  • Mkts look on course for pullback rally 

    26th November, 2008 18:59

    Markets had a sudden rally in the second half of the session led by interest rate sensitive, expectations of inflation numbers and rate cuts tomorrow. Markets are

  • SMEs ask bankers to relax rules; may be obliged 

    26th November, 2008 18:42

    Bankers are rushing to the aid of SMEs. The SMEs present bankers a list of demands to get the growth engine of the economy back on track. Over a dozen representati

  • MphasiS 7 month revenues up 41%

    26th November, 2008 18:40

    The MphasiS Group consolidated revenues were at Rs 1,907 crores in the seven month period ended 31 October 2008 recording a 41% growth over the same period last ye

  • Suzuki's Hayabusa & INTRUDER launched in India

    26th November, 2008 18:29

    Suzuki Motorcycle India Pvt. Ltd., a subsidiary of one of the world’s leading two-wheeler manufacturers Suzuki Motor Corporation, Japan, bowled the Indian bike fre

  • Reliance about to start 2nd refinery 

    26th November, 2008 18:23

    Mukesh Ambani, Chairman and Managing Director, Reliance Industries, has said he does not see a shortage in oil supplies, at least over the next few decades. The co

  • Slowdown blues: Deals in commodity industry put on hold 

    26th November, 2008 18:20

    The global economic slowdown and a sharp fall in commodity prices has led to the calling off of mega deals in the commodity space.

  • Buy Ashok Leyland,target of Rs 25: Mansukh Securities

    26th November, 2008 18:00

    Mansukh Securities and Finance has maintained its buy rating on Ashok Leyland with a target of Rs 25. Moreover, in days to come, Ashok Leyland seems to have a toug

  • Buy crude by Dec end; sell gold now: Motilal Oswal Sec 

    26th November, 2008 17:51

    Kuljeet Kataria of Motilal Oswal Securities recommends buying crude by December end with a protective stop loss of Rs 2490 per barrel for a target of Rs 2650 and 2

  • Rupee, bonds end higher

    26th November, 2008 17:28

    The spot rupee closed higher at Rs 49.45 per USD as against its previous close of Rs 49.95. The widely traded 8.24%, 2018 paper ended higher at Rs 107.75 as agains

  • PSBs cut rates by 0.75% for plus Rs 300K home loans 

    26th November, 2008 17:23

    PSU banks have cut home loan rates by 75 bps, but if one is looking for a loan above Rs 50 lakh, then the home loan EMI has just gotten more expensive. Priyanka Gh

  • Do not buy Siemens: Sukhani 

    26th November, 2008 17:09

    Technical Analyst, Sudarshan Sukhani is of the view that one should not buy Siemens unless all these stocks don’t stop falling and begin to build long bases.

  • Alcatel-Lucent appoints Paul Tufano as CFO

    26th November, 2008 16:56

    Alcatel-Lucent announces the appointment of Paul Tufano as CFO

  • FIIs net sell of USD 0.3 mn on Nov 25

    26th November, 2008 16:53

    FIIs were net sellers to the tune of USD 0.3 million in equity on November 25.

  • See possibility of counter-trend rally by yr-end: Experts 

    26th November, 2008 16:43

    Shashank Khade of Kotak Sec feels with events like state polls and IIP nos on Dec 12, there could be a relief rally if newsflow turns out to be good. “Both these e

  • There is slowdown in hiring but no major layoffs: InfoEdge 

    26th November, 2008 16:34

    Sanjeev Bhikchandani, Co-founder and CEO, Info Edge, said layoffs are not happening yet. “There has definitely been a slowdown in hiring. There have not been signi

  • 99acres Insite:Realty report showing trends in India

    26th November, 2008 16:28

    "99acres Insite": A Realty Report that showcases trends across the Top cities in India over the past one year

  • Buy NPTC for long term: Choksey 

    26th November, 2008 16:17

    Deven Choksey of KR Choksey Securities is of the view that if one wants to buy with a little long-term horizon, NTPC would be a good choice to bet on and probably

  • Dell Vostro Desktop Line gets an A-plus from customers

    26th November, 2008 16:10

    Dell today announced its redesigned Vostro™ desktop line for small businesses, with enhancements such as increased storage and expandability based on ongoing custo

  • Novell: Software applications are certified of SUSE Linux

    26th November, 2008 15:57

    Novell announced more than 2,500 software applications are now certified on the latest versions of SUSE(R) Linux Enterprise, with an average of 140 new application

  • See demand murkier than during Q2 end: Satyam

    26th November, 2008 15:51

    Satyam said the current demand environment is murkier than what it was at the end of second quarter, reports CNBC-TV18. The company said its cross currency moves t

  • Sensex ends above 9K on rate cut hopes; bank, oil stks lead

    26th November, 2008 15:39

    The benchmark indices witnessed smart rally in the last one hour of trade, after a choppy session since morning. The Sensex closed above 9000 mark and the Nifty sh

  • Sukhani upbeat on NTPC 

    26th November, 2008 15:37

    Technical Analyst, Sudarshan Sukhani is pretty upbeat on NTPC and it’s an investment grade stock. Eeven in this bear market, it’s probably one of those buy on dips

  • IBM reveals five technology driven innovations

    26th November, 2008 15:30

    Unveiled today, the third annual “IBM Next Five in Five” is a list of innovations that have the potential to change the way people work, live and play over the nex

  • Hindalaco looks good for short-term: Sukhani  

    26th November, 2008 15:23

    Technical Analyst, Sudarshan Sukhani is of the view that NALCO, Hindalaco and Tata Steels are better opportunities for short term.

  • Enter in Siemens: Choksey 

    26th November, 2008 15:16

    Deven Choksey of KR Choksey Securities is of the view that one can enter in Siemens at lower levels with long term perspective. It has got good fundamental strengt

  • Reliance Infrastructure gains 4.6%

    26th November, 2008 15:13

    Reliance Infrastructure had touched an intraday high of Rs 522 and an intraday low of Rs 483.10. At 3:04 pm, the share was quoting at Rs 520.60, up Rs 23.05, or 4.

  • Concrete gain for Ambuja Cements

    26th November, 2008 15:08

    Ambuja Cements had touched an intraday high of Rs 54.40 and an intraday low of Rs 50.15. At 2:59 pm, the share was quoting at Rs 54, up Rs 2.10, or 4.05%. It was t

  • TCS recovers sharply

    26th November, 2008 15:05

    TCS has bounced back today. It had touched an intraday high of Rs 524.50 and an intraday low of Rs 497. At 2:55 pm, the share was quoting at Rs 524, up Rs 20.75, o

  • BPCL flares up

    26th November, 2008 15:00

    BPCL had touched an intraday high of Rs 348.80 and an intraday low of Rs 328.15. At 2:53 pm, the share was quoting at Rs 345, up Rs 11.65, or 3.49%. It was trading

  • Reliance Power moves up

    26th November, 2008 14:59

    Reliance Power had touched an intraday high of Rs 112.50 and an intraday low of Rs 107.60. At 2:48 pm, the share was quoting at Rs 111.80, up Rs 4, or 3.71%. It wa

  • Prince Alwaleed confident of Citi CEO's ability  

    26th November, 2008 14:55

    Vikram Pandit, CEO, Citibank could have lost his job over the weekend but he didn’t because one of his strongest supporters is Citi’s single largest shareholder Pr

  • Amadeus launches new version of self-booking tool

    26th November, 2008 14:54

    Amadeus, a leading provider of technology to the travel and tourism industry, has today launched a new version of its self-booking tool for corporations which incl

  • Indiabulls Real advances 5.6%

    26th November, 2008 14:47

    Indiabulls Real Estate had touched an intraday high of Rs 93.50 and an intraday low of Rs 84.05. At 2:38 pm, the share was quoting at Rs 92, up Rs 4.95, or 5.69%.

  • Tagan introduces SuperRock Series PSU in India

    26th November, 2008 14:45

    Nanopoint Technology Inc., the leading manufacturer of high end power supply units, mobile and data storage enclosures, PC accessories and peripherals, today intro

  • Sintex India has target of Rs 220: Kohli 

    26th November, 2008 14:41

    Daljeet Singh Kohli of Emkay Global Financial Services is of the view that Sintex India has target of Rs 220. 16% of FY09 incremental earnings are coming from cons

  • NALCO bounces back

    26th November, 2008 14:36

    NALCO had touched an intraday high of Rs 185.80 and an intraday low of Rs 175.05. At 2:27 pm, the share was quoting at Rs 184.60, up Rs 7.85, or 4.44%. It was trad

  • Nifty back above 2700; oil, banking stocks lead

    26th November, 2008 14:30

    The benchmark indices gained further on hopes that the Reserve Bank will cut rates in line with China. The Asian gaint has cut CRR and also other interest rates fr

  • US debt, deficit a bigger concern ahead: Rabobank 

    26th November, 2008 14:27

    Jan Lambregts, Rabobank Intl, said the US debt is a matter of concern. “It will become more of a concern, but its still at a relatively low level overall. The defi

  • SAIL among major gainers

    26th November, 2008 14:23

    SAIL is among major gainers on the Nifty. It had touched an intraday high of Rs 67 and an intraday low of Rs 63.20. At 2:22 pm, the share was quoting at Rs 66.70,

  • Axis Bank adds 32 lakh shares in OI 

    26th November, 2008 14:20

    Volumes remain terrible as expiry nears. The values of most of the stocks have come down by 70-80% from the highs, so volumes are lower in such cases. Axis Bank is

  • Bailout packages: Implications for markets 

    26th November, 2008 14:15

    The total bailout and stimulus packages till date exceeds USD 3 trillion, or almost 4–5% of world GDP. Economists have suggested that bailouts historically have fa

  • Bose positive on power stocks 

    26th November, 2008 14:10

    Technical Analyst, Rajat K Bose is positive on power stocks. Apart from that although people are pretty much negative on banking stocks, analyst seem to feel that

  • Bhushan Steel hits 52-week low

    26th November, 2008 14:07

    Bhushan has touched a 52-week low of Rs 410. At 1:59 pm, the share was quoting at Rs 420, down Rs 31.85, or 7.05%. It was trading with volumes of 62,063 shares. Ye

  • Buy Balaji Amines, target of Rs 100: Sunidhi Securities

    26th November, 2008 13:59

    Sunidhi Securities & Finance has recommended a buy rating on Balaji Amines (BAL) with a target of Rs 100. During Q2FY09, sales have advanced by 43 per cent to Rs 7

  • Sega in talks with DLF for India foray; stock up

    26th November, 2008 13:45

    DLF has touched an intra day high of Rs 193.00 and an intra day low of Rs 185.05. At 1:36 pm, the share was quoting at Rs 190.90, up Rs 2.70, or 1.43%. Japanese th

  • Fundamentals still look weak for base metals 

    26th November, 2008 13:42

    Base Metals rally fizzles out as euphoria over Citi bailout fades. Downside pressures remain, weak data weighs on prices. Fundamentals still looks weak.

  • Jet Airways, caught in a tailspin over pay cuts

    26th November, 2008 13:36

    Jet Airways chairman Naresh Goyal struggles to keep his airline afloat in these turbulent times. Matters in the company are taking a turn for the worse as the mana

  • HDFC Bank gains smartly

    26th November, 2008 13:30

    HDFC Bank had touched an intraday high of Rs 874 and an intraday low of Rs 840. At 1:21 pm, the share was quoting at Rs 871.10, up Rs 36, or 4.31%. It was trading

  • Deccan Chronicle up on huge volumes

    26th November, 2008 13:25

    Deccan Chronicle Holdings had touched an intraday high of Rs 45.05 and an intraday low of Rs 39.60. At 1:16 pm, the share was quoting at Rs 44.75, up Rs 3.20, or 7

  • Bharti Foundation wins the Asian CSR Award 2008

    26th November, 2008 13:18

    Bharti Foundation, the philanthropy arm of Bharti Enterprises, India’s leading business conglomerate, has won the Asian CSR Award 2008 for the Support and Improvem

  • Saudi Home Loans goes Live on Oracle Daybreak

    26th November, 2008 13:08

    Oracle Financial Services Software, a majority owned subsidiary of Oracle, announced that Saudi Home Loans, the first fully specialized Islamic home finance compan

  • Adhunik Metaliks drops further

    26th November, 2008 13:00

    Adhunik Metalik has touched a 52-week low of Rs 24.60. At 12:51 pm, the share was quoting at Rs 25, down Rs 4.4, or 14.97%. It was trading with volumes of 78,842 s

  • ISA signs MoU with ASTSA

    26th November, 2008 12:58

    India Semiconductor Association (ISA) signs Memorandum of Understanding With Asia Semiconductor Trading Support Association (ASTSA)

  • Pantaloons announce Pantaloons Big Family Clothes Exchange

    26th November, 2008 12:50

    Pantaloons, India’s leading fashion retailer, today announced 'The Pantaloons Big Family Clothes Exchange' in Vashi.

  • DAL to raise $450m from PE investors: Sources 

    26th November, 2008 12:44

    DLF Assets (DAL) will raise around USD 450 million from a cluster of private equity investors, reports CNBC-TV18, quoting sources. Investment banking sources said

  • Hold ABB, target of Rs 437: Indiabulls Securities

    26th November, 2008 12:40

    Indiabulls Securities Research has downgraded its rating on ABB from buy to hold with a target of Rs 437. The research firm has valued the company by using the DCF

  • Axis Bank hits 52-week low

    26th November, 2008 12:36

    Axis Bank has touched a 52-week low of Rs 362.80. At 12:27 pm, the share was quoting at Rs 366.50, down Rs 15.45, or 4.05%. It was trading with volumes of 690,816

  • Block deal in Amtek Auto, stock up

    26th November, 2008 12:25

    Amtek Auto had touched an intraday high of Rs 48.40 and an intraday low of Rs 42.55At 12:16 pm, the share was quoting at Rs 46.10, up Rs 1.95, or 4.42%. There were

  • Hold Mahindra & Mahindra, tgt Rs 316: Indiabulls Sec

    26th November, 2008 12:23

    Indiabulls Securities Research has downgraded its rating on Mahindra and Mahindra (M&M) from buy to hold with a target of Rs 316. The research firm has valued the

  • Kingfisher Airlines forges ahead

    26th November, 2008 12:18

    Kingfisher Airlines had touched an intraday high of Rs 26.85 and an intraday low of Rs 24.50. At 12:10 pm, the share was quoting at Rs 26.70, up Rs 1.95, or 7.88%.

  • Economy likely to show good growth: ULJK Securities

    26th November, 2008 12:12

    According to ULJK Securities' report, the economic indicators suggest that there may not be major slowdown and the economy is likely to show good growth during the

  • HCC loses further ground

    26th November, 2008 12:07

    HCC had touched an intraday high of Rs 39.20 and an intraday low of Rs 35.80. At 11:57 am, the share was quoting at Rs 35.90, down Rs 2.35, or 6.14%. It was tradin

  • Maruti Suzuki gears down

    26th November, 2008 12:00

    Maruti Suzuki India had touched an intraday high of Rs 541.80 and an intraday low of Rs 507. At 11:54 am, the share was quoting at Rs 514.75, down Rs 20.25, or 3.7

  • Enter in GVK Power for long term: Tulsian 

    26th November, 2008 11:54

    Investment Advisor SP Tulsian is of the view that if you have a long-term view at least of two years on GVK Power, this is the best time to enter and remain invest

  • Indo Tech Transformers continues to gain

    26th November, 2008 11:51

    Indo Tech Transformers had touched an intraday high of Rs 243.85 and an intraday low of Rs 232. At 11:42 am, the share was quoting at Rs 237.05, up Rs 12.35, or 5.

  • Sun Pharma augments presence in Controlled Substances

    26th November, 2008 11:41

    Sun Pharmaceutical Industries Ltd announced that its fully owned US subsidiary, Sun Pharmaceutical Industries, Inc., has acquired 100% ownership of Chattem Chemica

  • 3G competition to result in lower tariff: A Raja 

    26th November, 2008 11:40

    Communications and IT Minister A Raja said most foreign players are interested in bidding for 3G. Termination charges are being discussed by the Telecom Regulatory

  • Siemens an underperformer: Macquarie

    26th November, 2008 11:40

    Macquarie Research has kept an underperformer rating on Siemens with a target of Rs 214, reports CNBC-TV18

  • Hold Reliance Comm: Mohoni 

    26th November, 2008 11:37

    Technical Analyst, Deepak Mohoni is of the view that one can hold Reliance Communications. The telecoms are not very bullish obviously in this market but they are

  • Sell Crompton Greaves below Rs 119: ICICIdirect.com

    26th November, 2008 11:32

    ICICIdirect.com has recommended to sell Crompton Greaves below Rs 119 with a stoploss of Rs 120 and target of Rs 117/ Rs 113/ lower.

  • Sell Ranbaxy below Rs 202: ICICIdirect.com

    26th November, 2008 11:29

    ICICIdirect.com has recommended to sell Ranbaxy Laboratories below Rs 202 with a stoploss of Rs 203 and target of Rs 200/ Rs 192/ lower.

  • NTPC adds 34 lakh shares in open interest 

    26th November, 2008 11:22

    Marketwide rollover is at 44.88%. Nifty Future rollover is at 40.56% and Stock Futures rollover at 45%. NTPC has added 34.11 lakh shares in open interest with roll

  • HDFC, HDFC Bank, SBI will lead the collapse: N Pillai 

    26th November, 2008 11:20

    Neppolian Pillai of Modern Shares & Stock Brokers feels that HDFC, HDFC Bank along with State Bank of India will lead the collapse within the banking side.

  • PDL gets clearance for construction of Corporate Tower

    26th November, 2008 11:19

    Parsvnath Developers Limited (PDL), India’s leading real estate and Infrastructure Company, receives environmental clearance for the construction of office-cum-com

  • Buy MTNL above Rs 71.25: ICICIdirect.com

    26th November, 2008 11:10

    ICICIdirect.com has recommended to buy Mahanagar Telephone Nigam (MTNL) above Rs 71.25 with a stoploss of Rs 70.75 and target of Rs 72/Rs 75/higher.

  • HDIL continues to fall

    26th November, 2008 11:07

    HDIL has continued to fall. It has touched a 52-week low of Rs 73.10. At 10:59 am, the share was quoting at Rs 73.20, down Rs 3.6, or 4.69%. It was trading with

  • Realty won't correct like '96: Goldman Sachs 

    26th November, 2008 11:02

    Tushar Poddar, Asia Economics Research, Goldman Sachs (India), said the real estate market is set for a big correction, given the current demand and affordability.

  • Suzlon Energy touches 52-week low

    26th November, 2008 11:00

    Suzlon Energy has touched a 52-week low of Rs 40.30. At 10:55 am, the share was quoting at Rs 40.70, down Rs 1.75, or 4.12%. It was trading with volumes of 4,901,5

  • Real estate sector looks weak: N Pillai 

    26th November, 2008 10:53

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that real estate sector is looking weak. If DLF goes below another Rs 2-3 on a closing basis then

  • Fed $800-bn bailout: An analysis 

    26th November, 2008 10:47

    In another massive life-support intervention for the US financial system, the US Federal Reserve announced a USD 600-billion programme to buy mortgage-related debt

  • Sterlite Industries back on track

    26th November, 2008 10:41

    Sterlite Industries has recovered today. It had touched an intraday high of Rs 214.80 and an intraday low of Rs 205. At 10:33 am, the share was quoting at Rs 211.2

  • Buy KS Oils, target of Rs 52: Angel

    26th November, 2008 10:36

    Angel Broking has maintained its buy rating on KS Oils with a revised target price of Rs 52. KS Oils (KSO) has acquired a 500 metric tonnes per day (MTPD) port bas

  • Buy Everest Kanto Cylinder, target of Rs 215: Karvy

    26th November, 2008 10:24

    Karvy Stock Broking has maintained its buy rating on Everest Kanto Cylinder with a target of Rs 215. EKC recently announced that they would be setting up a 50:50 J

  • Buy Aditya Birla Nuvo above Rs 471: ICICIdirect.com

    26th November, 2008 10:17

    ICICIdirect.com has recommended to buy Aditya Birla Nuvo above Rs 471 with a stoploss of Rs 470 and target of Rs 478/ Rs 495/higher.

  • Buy Gold Dec at around Rs 12950-13000: Mansukh Securities

    26th November, 2008 10:16

    Mansukh Securities and Finance has recommended to buy Gold December at around Rs 12950-13000 with stoploss below Rs 12880 for the target of Rs 13250, Rs 13300.

  • Sesa Goa melts down 4.6%

    26th November, 2008 10:13

    Sesa Goa had touched an intraday high of Rs 69.90 and an intraday low of Rs 66.35. At 10:09 am, the share was quoting at Rs 66.95, down Rs 3.25, or 4.63% on the NS

  • Crude continues to see resistance of USD 55/bbl 

    26th November, 2008 10:11

    Crude prices are under pressure ahead of the US inventory data on the weekly basis where the markets are expecting another increase for the ninth straight week and

  • Siemens declares Q4 result, stk slips nearly 10%

    26th November, 2008 10:04

    Siemens had touched an intraday high of Rs 279 and an intraday low of Rs 241.30. At 10:03 am the share was quoting at Rs 242.30, down Rs 25.9, or 9.66% on the NSE.

  • Avoid aggressive buying: India Infoline

    26th November, 2008 10:01

    According to India Infoline's Daily Market Watch, aggressive buying should be avoided for a while. The undertone is still bearish.

  • GVK Power maintains its march haead

    26th November, 2008 09:58

    GVK Power has continued to gain. It had touched an intraday high of Rs 16.90 and an intraday low of Rs 16.60. At 09:57 am, the share was quoting at Rs 16.85, up Rs

  • GVK Power has support at Rs 10-12: N Pillai 

    26th November, 2008 09:51

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that GVK Power has very strong support into the Rs 10 and Rs 12 band. The last time it hit Rs 10,

  • Voltas can fall to Rs 32: N Pillai 

    26th November, 2008 09:46

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that Voltas can collapse all the way upto about Rs 32 and on the upside around Rs 70 level and tha

  • Nifty can rally upto 2838: Mansukh Securities

    26th November, 2008 09:46

    According to Mansukh Securities and Finance's report, the bullish pivot for today’s session will be at 2,753, above which the Nifty can rally upto 2838.

  • Expect positive opening: Mafatlal Securities

    26th November, 2008 09:42

    According to Mafatlal Securities' report, Asian markets taking positive news of bailout opened positively today. Indian market is also expected to open positive.

  • Mkts rebound; RIL,ONGC, ICICI, HDFC Bank lead

    26th November, 2008 09:38

    The markets have opened higher as indicated by the SGX Nifty, which was up 2%, and following an up move in Asian markets. The Nifty is still trading below 2,700 wh

  • See counter-trend rally towards year-end: Gryffon 

    26th November, 2008 09:34

    Venkat Subramanium, Director, Gryffon Investment Advisors, said there will be a counter-trend rally towards the end of the year. "But there will be nothing great a

  • JLR run into recession, ask for govt aid 

    26th November, 2008 09:31

    After incurring costs for introducing clean technology, Tata's Jaguar and Land Rover have run into the recession. They have asked now for a billion pound loan to g

  • Trade-for-trade

    26th November, 2008 09:28

    The securities as given at Annexure -1 will be shifted from rolling segment (series: EQ) to trade for trade segment (series: BE) with a price band of 5% with effec

  • SMEs may ask bankers to up interest subsidy at Nov 26 meet 

    26th November, 2008 09:24

    Representatives of the micro, small and medium enterprises will hold a meeting with the bankers to brief them about their problems. CNBC-TV18 has learnt that enter

  • Exclusion of F&O contracts in KLG Systel, Info Edge

    26th November, 2008 09:17

    Contracts for new expiry months in the KLG Systel, Info Edge (India), Nucleus Software Exports will not be available for trading on expiry of existing contract mon

  • See Nifty trade in 200-300 points range 

    26th November, 2008 09:12

    The markets had a disappointing close yesterday. Participation in the market is also waning. Nobody has a clue as to which side the market will finally move and so

  • Crude Jan Fut decline ahead of US inventory data 

    26th November, 2008 09:08

    Crude January contracts declined ahead of US inventory data on the NYMEX. Markets expect increase in supplies for nineth straight week. It is currently trading at

  • Rupee opens at Rs 49.83 per dollar

    26th November, 2008 09:02

    The Indian Rupee opened at Rs 49.83 per dollar versus Rs 49.95 yesterday.

  • Crude at $51.13/bbl

    26th November, 2008 08:58

    Crude prices fell more than USD 3 per barrel yesterday on speculation that a US Energy department report will show that inventories climbed for a ninth week as dem

  • Nifty long rollovers may pick up if disc widens: Mahajan 

    26th November, 2008 08:58

    Rollovers have picked up and Stock Futures have seen some semblance of long build-up. There was some easing of short rollover pressure in stocks like L&T, ICICI an

  • Time for redressal in IPO scam may be around the corner

    26th November, 2008 08:56

    The time for redressal for investors who lost their money in the IPO scam is nearing, reports The Hindu Business Line.

  • GM’s parts suppliers to discuss future course

    26th November, 2008 08:52

    Indian auto component suppliers to General Motors Corporation (GM) in the US are meeting in Chennai on Wednesday to discuss the road ahead in the event of American

  • Change in circuit filters

    26th November, 2008 08:44

    The circuit filters has/have been changed from their existing levels in the below mentioned scrip/s with effect from November 26, 2008.

  • Avoid big ticket trades: Bhambwani

    26th November, 2008 08:40

    The outlook for the coming session is that of range bound trade and expiry related compulsions. Ignore big ticket trades in either direction.

  • Godrej Consumer approves buy back for max price of Rs 150

    26th November, 2008 08:35

    The Board of Directors of the Godrej Consumer Products at its meeting held on November 25, 2008, has approved a buyback of shares. The buyback will be through open

  • Investor sentiment still pessimistic: Jay Moghe 

    26th November, 2008 08:32

    Jay Moghe, Managing Partner at Asian Alternative Consulting says that the investor sentiment is still more on the pessimistic side because the rallies were essenti

  • F&O cues: Futures Open Int up by Rs 443 cr

    26th November, 2008 08:30

    F&O cues: Nifty Nov Futures shed 30 lakh, Dec Futures add 38 lakh shares in Open Int. Futures Open Int up by Rs 443 crore, Options Open Int up by Rs 507 crore.

  • Market cues: FIIs net sell $77.2 mn

    26th November, 2008 08:28

    Market cues: FIIs net sell USD 77.2 million and MFs net buy Rs 104 crore in equity on November 24.

  • Tata Chem to invest Rs 180 cr in Singapore co

    26th November, 2008 08:25

    Tata Chemicals, through its wholly-owned subsidiary Tata Chemicals Asia Pacific Pte Ltd, will invest Rs 180 crore over four years for a 35 per cent stake in JOil (

  • Wheat imports turn a cheaper proposition

    26th November, 2008 08:14

    Even as farmers in wheat-growing States await the Centre’s decision on raising the minimum support price for the rabi crop, global traders are offering the grain f

  • Asian markets trading firm; Hang Seng up 2.4%

    26th November, 2008 08:13

    Asian markets were trading firm. China's Shanghai Composite was up 0.32% or 5.98 points at 1,894.70. Hong Kong's Hang Seng rose 2.39% or 307.39 points at 13,185.99

  • Spot rubber rises as sellers keep away

    26th November, 2008 08:08

    The rubber prices showed a better mood on Tuesday. According to observers, the market ruled firm in the absence of quantity sellers though there has been no fresh

  • Fuel price cut: A political decision? 

    26th November, 2008 20:37

    At the current level of crude, oil marketing companies (OMCs) are making a profit of just over Rs 8 for every litre of petrol sold and 65 paise profit for every li

  • Mkts to rally 10-15% in the next few months: Brics Sec 

    26th November, 2008 20:36

    Anand Tandon, Director - Equities, Brics Securities said there’s a greater probability of and upside than a downside over the next couple of months and expects a c

  • US mkts open weak: Dow down 146 points

    26th November, 2008 20:11

    US markets have opened weak. The Dow Jones Industrial Average is down 145.76 points or 1.72% at 8,333.71. The Nasdaq down 14.57 points or 0.99% to 1,450.16 and S&P

  • Sell Gwalior Chemical: LKP Shares

    26th November, 2008 19:13

    LKP Shares has downgraded its rating on Gwalior Chemical Industries from neutral to sell. The research firm believes that although the topline growth could be achi

  • Dollar weakness continue supporting Re: Commtrendz

    26th November, 2008 18:59

    Indian stock markets opened up 1% in line with Asian stock markets. Dollar weakness against other currencies continues to support rupee.

  • Prabhudas Lilladher positive on Piramal Healthcare

    26th November, 2008 18:50

    According to Prabhudas Lilladher's report, the research firm's are positive about the long-term prospects of the Piramal Healthcare.

  • Reduce ACC, target of Rs 363: Prabhudas Lilladher

    26th November, 2008 18:40

    Prabhudas Lilladher has recommended a reduce rating on ACC with a target of Rs 363. The valuations are still higher compared to lows made in identical cycle in 199

  • Prabhudas Lilladher underweight on Cement sector

    26th November, 2008 18:29

    Prabhudas Lilladher has maintained an underweight rating on Cement sector.

  • Crude has strong support at $ 48/bbl 

    26th November, 2008 18:25

    Crude has very strong support at USD 48 per barrel. On the higher side if prices breach USD 53 per barrel then USD 55 per barrel to USD 61 per barrel is also on ch

  • NCDEX- Trade details for November 26, 2008

    26th November, 2008 18:21

    At NCDEX, 2,031 users participated in trading on November 26, 2008 up to 5:00 pm and volumes were Rs 1, crore (one-way). There were more than 45,991 trades put t

  • Weekly initial jobless claims to announce in US 

    26th November, 2008 18:05

    Important data to watch going ahead in the US market - the weekly initial jobless claims numbers, personal income spending and also the new home sales data which w

  • Avaya GlobalConnect names new interim leader

    26th November, 2008 17:54

    Avaya GlobalConnect, India’s leading business communications solution provider has announced a change in leadership in the company

  • Change in circuit filters

    26th November, 2008 17:44

    The circuit filters has/have been changed from their existing levels in the below mentioned scrip/s with effect from November 27, 2008.

  • Indoco Remedies announces interim dividend

    26th November, 2008 17:26

    Indoco Remedies Limited, global pharmaceutical company has announced interim dividend of Rs 3.25 to its shareholders. The Board of Directors of Indoco Remedies Lim

  • Sparsh opens BPO Centre in Puducherry for Aircel customers

    26th November, 2008 17:13

    Sparsh BPO Services, the domestic BPO subsidiary of Intelenet Global Services Pvt Ltd inaugurated its new delivery centre in Puducherry as part of a strategic deal

  • Book profit in ICICI Bank says Sukhani 

    26th November, 2008 16:56

    Technical Analyst, Sudarshan Sukhani is of the view that one should book profit in ICICI Bank and do not even think of buying any other Private Sector Banks.

  • MFs net buy of Rs 118.2 cr on Nov 25

    26th November, 2008 16:56

    Mutual Funds were net buyers to the tune of Rs 118.2 crore on November 25.

  • Virtusa signs MoU with Koneru Lakshmaiah College of Engg

    26th November, 2008 16:49

    Virtusa Corporation has signed a Memorandum of Understanding with Koneru Lakshmaiah College of Engineering, Vijayawada, to align its curriculum with information te

  • Singapore's O&G Inds poised to become World-Class Player

    26th November, 2008 16:40

    Singapore's Oil And Gas Industry Poised To Become A World-Class Player

  • See 75 bps cut in Europe, 100 bps in UK next month: BGC 

    26th November, 2008 16:31

    After China slashed key rates, most analysts hope that central banks around the world will cut rates. David Buick, Partner, BGC, expects a 75 bps cut in the Europe

  • Gati appoints Sameer Khatri, Chief Int'l Biz Chain Officer

    26th November, 2008 16:18

    Gati International announced the appointment of Mr. Sameer Khatri as International Business Chain Officer for the global operations of Gati Limited.

  • Gartmore on 3 reasons why state-owned banks are safe 

    26th November, 2008 16:17

    Christopher Palmer of Gartmore Investment is positive on state-owned banks and feels that they are more conservatively managed, and have a lower loan to deposit r

  • No decision yet on fuel price cut: Oil Secy 

    26th November, 2008 15:59

    Oil Secretary RS Pandey said no decision has yet been taken on a fuel price cut. He said a price revision will be considered in due course. "In H1 FY09, OMC losses

  • ITC adds 64 lakh shares in open interest 

    26th November, 2008 15:53

    Marketwide rollover at 52%. Stocks futures rollovers at 53%. Nifty futures has added 1.18 crore shares in open interest with rollover of 46%. Implied Volatility co

  • Motorola delivers wireless technologies to schools

    26th November, 2008 15:48

    Motorola, Inc. announced that several schools and universities around the world have deployed Motorola’s innovative wireless technologies to provide connectivity o

  • Avaya GlobalConnect posts net profit of Rs 4.10cr

    26th November, 2008 15:39

    Avaya GlobalConnect has recorded Gross Sales/Income of Rs. 146.92 Cr and a net profit of Rs.4.10 Cr as compared to the Gross Sales/Income of Rs. 135.25 Cr and a ne

  • Punj Lloyd likely to outperform: Sukhani 

    26th November, 2008 15:32

    Technical Analyst, Sudarshan Sukhani is of the view that Punj Lloyd is expected to outperform .

  • China cuts CRR by 100 bps, interest rates to 5.58% 

    26th November, 2008 15:26

    China's central bank cut its key lending rates by the most in 11 years. The bank announced a 100 bps cut in its Cash Reserve Ratio (CRR). It simultaneously announc

  • Ongoing mkt dislocation will significantly impact APAC

    26th November, 2008 15:18

    Standard & Poor’s Asia-Pacific Markets Outlook: Region Braces For Tough 2009, Looks To Growth Drivers For Strength

  • Sensex above 9K; oil, metal, banking, power, CG stocks gain

    26th November, 2008 15:14

    Buying in oil, banking, metal, power, telecom, and capital goods are supporting the benchmark indices. The Nifty jumped above 2700 while the Sensex is trading abov

  • Bharti Airtel witnesses buying interest

    26th November, 2008 15:10

    Bharti Airtel had touched an intraday high of Rs 655.60 and an intraday low of Rs 622. At 3:02 pm, the share was quoting at Rs 652.70, up Rs 26.25, or 4.19%. It wa

  • Cisco to organise APAC skills competition

    26th November, 2008 15:07

    Cisco to Organise Asia Pacific Skills Competition over Powerful Collaborative Platform with Cisco TelePresence and Cisco WebEx

  • NTPC surges 4.5%

    26th November, 2008 15:01

    NTPC had touched an intraday high of Rs 161.70 and an intraday low of Rs 151.25. At 2:51 pm, the share was quoting at Rs 160.50, up Rs 6.85, or 4.46%. It was tradi

  • Asian markets end higher

    26th November, 2008 15:00

    Asian markets ended higher. China's Shanghai Composite gained 0.49% or 9.169 points at 1,897.884. Hong Kong's Hang Seng rose 3.81% or 490.85 points at 13,369.45. S

  • Ranbaxy Lab in good health

    26th November, 2008 14:57

    Ranbaxy Laboratories has touched an intraday high of Rs 212.50 and an intraday low of Rs 195.50. At 2:48 pm, the share was quoting at Rs 211.20, up Rs 7.60, or 3.7

  • Reliance Industries makes sharp recovery

    26th November, 2008 14:55

    Reliance Industries had touched an intraday high of Rs 1,130 and an intraday low of Rs 1,058.85. At 2:46 pm, the share was quoting at Rs 1,126.10, up Rs 54.40, or

  • Idea Cellular recoups losses

    26th November, 2008 14:52

    Idea Cellular had touched an intraday high of Rs 46.60 and an intraday low of Rs 44.10. At 2:44 pm the share was quoting at Rs 46.35, up Rs 2.20, or 4.98%. It was

  • Expiry expected to be around 2700 on Nifty 

    26th November, 2008 14:46

    FIIs dealers enthused by dollar depreciation over last two days. Investors not ready to commit huge amount of money at the moment.

  • Bank of Baroda sees rollover of 73.53% 

    26th November, 2008 14:43

    Total turnover at Rs 38000 crore. Marketwide rollover 51%, Nifty Future and Stocks Futures see rollover of 44% and 51% respectively. Bank of Baroda sees rollover o

  • HDFC turns up smartly

    26th November, 2008 14:40

    HDFC had touched an intraday high of Rs 1,420 and an intraday low of Rs 1,315. At 2:31 pm, the share was quoting at Rs 1,406, up Rs 55.80, or 4.13%. It was trading

  • TI introduces 1.5-A linear battery chargers

    26th November, 2008 14:32

    Texas Instruments Incorporated introduced today four 28-V, 1.5-A linear charge management ICs with integrated FETs aimed at smart phones and other portable electro

  • GSS America Info shoots up smartly

    26th November, 2008 14:30

    GSS America Infotech had touched an intraday high of Rs 117 and an intraday low of Rs 106.30. At 2:21 pm, the share was quoting at Rs 116, up Rs 8.60, or 8.01%. It

  • Nifty to trade in 2600-2800 range ahead: Dawnay Day 

    26th November, 2008 14:26

    Seshadri Bharathan, Dawnay Day AV Financial Services expects Nifty to trade ranged between 2,600 and 2,800 for the next couple of days. He sees a lot of selling at

  • Gartner:Less than 50% of retired PCs are being reused

    26th November, 2008 14:22

    Worldwide demand for secondary PCs is greater than supply, but only 44 per cent of PCs entering the secondary market will be reused, according to Gartner, Inc

  • Finolex Cables back on track

    26th November, 2008 14:18

    Finolex Cables had touched an intraday high of Rs 21.25 and an intraday low of Rs 20.25. At 2:10 pm, the share was quoting at Rs 21, up Rs 0.75, or 3.70%. It was t

  • DBS Bank appoints Rahul Johri as Head, Consumer Bkng

    26th November, 2008 14:15

    DBS Bank, one of the leading banks in Asia, has announced Rahul Johri as the new Head for its Consumer Banking division in India. Rahul would also be a member of t

  • Mkts in green but volatile; Nifty holds above 2650

    26th November, 2008 14:09

    The markets are trading with marginal gains despite hightened volatility in the benchmark indices. Buying is seen in heavyweights like Reliance Industries, ONGC, B

  • Puravankara Projects dips further

    26th November, 2008 14:05

    Puravankara Projects has touched a 52-week low of Rs 33. At 1:57 pm, the share was quoting at Rs 33.75, down Rs 2.8, or 7.66%. It was trading with volumes of 23,04

  • ING Vysya Bank plummets 7%

    26th November, 2008 13:55

    ING Vysya Bank has touched a 52-week low of Rs 113.05. At 1:46 pm, the share was quoting at Rs 113.10, down Rs 8.55, or 7.03%. It was trading with volumes of 2,874

  • Essar Oil to operate all 1500 retail outlets, stk up

    26th November, 2008 13:43

    Essar Oil had touched an intraday high of Rs 69.90 and an intraday low of Rs 67.60. At 1:34 pm, the share was quoting at Rs 68.95, up Rs 1.55, or 2.30%. The compan

  • European markets trading lower; FTSE down 1.6%

    26th November, 2008 13:38

    European markets were trading lower. CAC 40 slipped 1.24% at 3169. DAX was down 1.08% at 4511. FTSE 100 fell 1.66% at 4100.

  • Shaw Wallace maintains its march ahead

    26th November, 2008 13:33

    Shaw Wallace and Company had touched an intraday high of Rs 166.75 and an intraday low of Rs 160. At 1:23 pm, the share was quoting at Rs 165.95, up Rs 7.10, or 4.

  • FIS appoints Shrihari Bhat as Senior VP & Country Manager

    26th November, 2008 13:30

    Fidelity National Information Services Inc., a Fortune 500 company and a global leader in core banking and financial services IT solutions, today announced the app

  • Mahindra and Mahindra top loser on the Sensex

    26th November, 2008 13:20

    M&M is top loser on the Sensex. It has touched an intraday high of Rs 284 and an intraday low of Rs 264.10. At 1:11 pm, the share was quoting at Rs 264.10, down Rs

  • JK Cement plunges 7%

    26th November, 2008 13:11

    JK Cement has touched a 52-week low of Rs 43.05. At 1:01 pm, the share was quoting at Rs 43.10, down Rs 3.45, or 7.41%. It was trading with volumes of 8,089 shares

  • See GDP at 6.9% in 2009, further pain in mkts: S&P 

    26th November, 2008 13:01

    Lorraine Tan, Vice President, Equity Research, Standard and Poor's, sees India’s GDP growth at 6.9% in 2009. "We have a neutral view on India right now and sees so

  • Mkts see-saw; Infy, Siemens, BHEL, L&T, SBI, R-Comm dip

    26th November, 2008 12:58

    Markets are seeing some volatility at current levels on account of some consolidation. Reliance Industries, ONGC, Bharti, ICICI Bank, HDFC Bank, SAIL, Sterlite, HD

  • Indiabulls Financial back on tack

    26th November, 2008 12:56

    Indiabulls Financial Services had touched an intraday high of Rs 98.50 and an intraday low of Rs 95. At 12:47 pm, the share was quoting at Rs 98.05, up Rs 3.35, or

  • Reliance Communications among major losers

    26th November, 2008 12:47

    Reliance Communications is among major losers on the Sensex. It had touched an intraday high of Rs 199.05 and an intraday low of Rs 187.50. At 12:38 pm the share w

  • Axis Communications launches AXIS M10 Network Cameras

    26th November, 2008 12:42

    Axis Communications introduces AXIS M10 Network Cameras, a series of small and smart cameras, ideal for securing locations such as small businesses, boutiques, res

  • UltraTech Cement moves up smartly

    26th November, 2008 12:39

    UltraTech Cement has moved up today. had touched an intraday high of Rs 279.40 and an intraday low of Rs 255.10. At 12:31 pm, the share was quoting at Rs 275, up R

  • Large US regional bks continue to feel credit crunch's bite

    26th November, 2008 12:32

    Credit measures continued to slide in housing-related portfolios, even for banks outside of the more troubled regions of the U.S., and these further dampened resul

  • Percept/H bags Bajaj Allianz - Capital Shield

    26th November, 2008 12:25

    Bajaj Allianz Life Insurance has appointed Percept/H to handle the creative duties for the insurance company’s ‘Capital Shield’ product on a project basis. A TVC c

  • Angel neutral on the base metals sector

    26th November, 2008 12:20

    Angel Broking remains neutral on the base metals sector. Long-term fundamentals of base metals however, remain intact with the two major growth engines of China an

  • Godrej Industries strikes 52-week low

    26th November, 2008 12:13

    Godrej Industries has touched a 52-week low of Rs 46.50. At 12:04 pm, the share was quoting at Rs 48.70, down Rs 6.3, or 11.45%. It was trading with volumes of 209

  • Amba targets high growth in current environment

    26th November, 2008 12:09

    Nasscom president Mr Som Mittal and Managing Director and Co-founder of Helion Advisors Pvt Ltd, Mr Sanjeev Aggarwal visited the offices of Amba Research – a firm

  • Indian GDRs: Ranbaxy up 17.6%, Tata Comm down 16%

    26th November, 2008 12:01

    Indian GDRs: Ranbaxy gained 17.65% at USD 4, Mahindra was up 13% at USD 5.65, Tata Motors advanced 11.37% at USD 4.70, Gail rose 4.55% at USD 23 while Tata Comm sl

  • Linc Pen plans to grow at 15%

    26th November, 2008 11:59

    Linc Pen draws up ambitious growth plans. Though the writing instrument industry is growing at about 8-9%, Linc Pen aims to maintain its current envious growth rat

  • Buy Patni Computer Systems, tgt Rs 142: Indiabulls Sec

    26th November, 2008 11:51

    Indiabulls Securities Research has upgraded its rating on Patni Computer Systems to buy with a target price of Rs 142. Patni Computer Systems (Patni) reported a mo

  • Reliance has support at Rs 700: Guppy

    26th November, 2008 11:47

    Daryl Guppy, Founder and Director of Guppytraders.com is of the view that Reliance Industries has downside support at Rs 700.

  • Mkts flat; ONGC, RIL, ICICI, HDFC Bank, Bharti, Wipro gain

    26th November, 2008 11:41

    The benchmark indices are trading with marginal gain. Buying is seen in oil, private banking, FMCG, select technology, metal, and telecom stocks. However, selling

  • Near-term range for sugar seen between Rs 1750-1900/q 

    26th November, 2008 11:40

    Indian sugar prices are seeing a down to sideways trend. ICE Sugar declined 1% yesterday after 4% gains on Monday. The near-term range for sugar is seen between Rs

  • Wipro among major gainers

    26th November, 2008 11:38

    Wipro is among major gainers on the Sensex. It had touched an intraday high of Rs 237 and an intraday low of Rs 231. At 11:30 am, the share was quoting at Rs 236,

  • Remain invested in Reliance Comm: Tulsian 

    26th November, 2008 11:34

    Investment Advisor SP Tulsian is of the view that one should remain invested in Reliance Communications with at least six months view. It has erased much of its ma

  • Sun Pharma surges on buying Chattem Chem

    26th November, 2008 11:30

    Sun Pharmaceutical Industries had touched an intraday high of Rs 1,104.90 and an intraday low of Rs 1,080. At 11:20 am, the share was quoting at Rs 1,083, up Rs 7.

  • National Geographic toys available at HyperCity

    26th November, 2008 11:28

    Its interactive, it's educative and it's all at HyperCity! Mumbai's most attractive retail store, HyperCity, brings you an innovative range of educational toys fro

  • Patni Computer gushes forth

    26th November, 2008 11:21

    Patni Computer Systems had touched an intraday high of Rs 122.90 and an intraday low of Rs 118.45. At 11:12 am, the share was quoting at Rs 121.60, up Rs 3.65, or

  • Sell Gold MCX 1ST Month Future below Rs 12928: Hem

    26th November, 2008 11:19

    Hem Securities has recommended to sell Gold MCX 1ST Month Future below Rs 12928 with a stoploss of Rs 13250 and a target of Rs 12550.

  • Balrampur Chini extends losses

    26th November, 2008 11:13

    Balrampur Chini Mills has touched a 52-week low of Rs 31.50. At 11:05 am, the share was quoting at Rs 32, down Rs 1.7, or 5.04%. It was trading with volumes of 684

  • Jai Corp tumbles 8%

    26th November, 2008 11:10

    Jai Corp has touched a 52-week low of Rs 79.30. At 11:02 am, the share was quoting at Rs 81, down Rs 7, or 7.95%. It was trading with volumes of 202,530 shares. Ye

  • Tata Steel Q2 PAT seen up at Rs 3371 cr

    26th November, 2008 11:07

    Tata Steel is to announce its second quarter results. The company’s Q2FY09 consolidated net sales are seen up 38.8% at Rs 45017.8 crore versus Rs 32424.9 crore.

  • Zee Entert puts on a poor show

    26th November, 2008 11:01

    Zee Entertainment Enterprises had touched an intraday high of Rs 124.90 and an intraday low of Rs 113.65. At 10:52 am, the share was quoting at Rs 114.50, down Rs

  • Siemens Q4 margins decline to 12.5% versus 15.6% 

    26th November, 2008 11:00

    Siemens has announced its fourth quarter results. The company's Q4 net profit was down at Rs 225 crore versus Rs 308.6 crore.

  • Need fiscal, monetary stimulus: Motilal Oswal Fin 

    26th November, 2008 10:51

    Rajat Rajgarhia, Head of Institutional Research, Motilal Oswal Financial Securities, said there is a need for stimulus on both the monetary and fiscal side, and al

  • Buy Bosch, target of Rs 4336: Angel

    26th November, 2008 10:43

    Angel Broking has maintained its buy rating on Bosch with a target price of Rs 4336. In order to adjust production to meet the demand for products and to avoid unn

  • Mkts choppy; SBI, Infosys, Siemens, L&T, BHEL drop

    26th November, 2008 10:36

    The markets have wiped out most of early gain and are trading choppy. Selling is seen in SBI, Infosys, L&T, BHEL, Siemens, Reliance Communications, NTPC, Suzlon En

  • Unitech loses further ground

    26th November, 2008 10:25

    Unitech had touched an intraday high of Rs 29.50 and an intraday low of Rs 26.65. At 10:17 am, the share was quoting at Rs 27, down Rs 1.55, or 5.43%. It was tradi

  • Sensex to consolidate around 10K: Daryl Guppy 

    26th November, 2008 10:22

    Daryl Guppy, Founder and Director, guppytraders.com, sees strong downtrend for the Nifty. He expects markets to retest supports before consolidation. He feels the

  • ICICI Bank top gainer on the Nifty

    26th November, 2008 10:17

    ICICI Bank is the top gainer on the Nifty. It had touched an intraday high of Rs 334.85 and an intraday low of Rs 325. At 10:16 am, the share was quoting at Rs 333

  • Buy Zee Entertainment above Rs 123: ICICIdirect.com

    26th November, 2008 10:15

    ICICIdirect.com has recommended to buy Zee Entertainment Enterprises above Rs 123 with a stoploss of Rs 122 and target of Rs 124/Rs 128/higher.

  • Sell Pepper-Dec below Rs 11180: India Infoline

    26th November, 2008 10:11

    India Infoline has recommended to sell Pepper-Dec below Rs 11180 with a stoploss of Rs 11320 and target of Rs 11057, Rs 10920, Rs 10800, Rs 11690.

  • Sell SBI Nov Fut below Rs 1100: ICICIdirect.com

    26th November, 2008 10:05

    ICICIdirect.com has recommended to sell State Bank of India (SBI) November Futures below Rs 1100 with a stoploss of Rs 1115 and target of Rs 1075, Rs 1065.

  • Adlabs plans Rs 200cr for film services biz; stk up

    26th November, 2008 10:01

    Adlabs Films had touched an intraday high of Rs 155.90 and an intraday low of Rs 150. At 10 am, the share was quoting at Rs 153.50, up Rs 4.50, or 3.02% on the NSE

  • Rupee may range between 49.70/50.15: Asit C. Mehta

    26th November, 2008 10:00

    According to Asit C. Mehta's Forex report, the rupee may range between 49.70/50.15.

  • Sensex has resistance at 8770-8900: ICICIdirect.com

    26th November, 2008 09:52

    According to ICICIdirect.com's report, the Sensex has supports at 8500 and 8420 and resistances at 8770 and 8900.

  • Nifty has support between 2510-2492: Networth

    26th November, 2008 09:49

    According to Networth Stock Broking's Market Review report, the immediate resistance on Nifty's is a range between 3000-3150 while support is a range between 2510-

  • Eco woes hits Tata Tea's growth through acquistions 

    26th November, 2008 09:46

    The economic slowdown may have found a new victim in Tata Tea. The company says it may have to go slow on its plans to grow through overseas acquisitions.

  • Reliance Industries may slip to Rs 875: N Pillai 

    26th November, 2008 09:43

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that every time Reliance closes below Rs 1,140, which is the mark for it, to get into the bearish

  • Expect flat opening: Karvy

    26th November, 2008 09:39

    According to Karvy Stock Broking's Technical Analysis report, Global indices are trading on a mixed note. Our indices are expected to open on a flat note.

  • Nifty may see support at 1800: Modern Shares 

    26th November, 2008 09:36

    Neppolian Pillai of Modern Shares said the markets are at the mid-point now. He does not see 2,500 or even 2,250 to be the support level. "I think we will go close

  • Will PM, FM concerns delay oil price cut? 

    26th November, 2008 09:32

    In a letter to Congress President Sonia Gandhi, Petroleum Minister Murli Deora has proposed a cut in petrol prices by about Rs 5 and LPG price by about Rs 20, howe

  • Sensex has resistance at 8930-9180: Angel

    26th November, 2008 09:29

    According to Angel Broking's Technical Analysis report, on the upside, 8930–9180/2725–2790 levels may act as resistance for the day.

  • Nifty may correct up to 2598: Angel

    26th November, 2008 09:25

    According to Angel Broking's Market Outlook report, if NIFTY trades below 2,694 for the first half-an-hour of trade then it may correct up to 2,598.

  • Nifty has resistance at 2720: Reliance Money

    26th November, 2008 09:18

    According to Reliance Money's Morning Notes, on higher side levels of 2720 will act as a strong hurdle.

  • Govt to cut fuel prices after Dec 24; opposition annoyed 

    26th November, 2008 09:13

    After weeks of speculation, it is now clear the government will roll back fuel prices. Oil Minister Murli Deora though says a cut in fuel prices is possible only a

  • Reliance and SBI may lead morning rally: Anagram

    26th November, 2008 09:12

    According to Anagram Research's report, Reliance and SBI, which saw selling yesterday could lead any morning rally but that also may be used to lighten.

  • FIIs net buy Rs 374 crore in Nifty futures 

    26th November, 2008 09:08

    Nifty 2600 Put added 3.6 lakh shares in Open Interest. Nifty 2700 Call added 2.7 lakh shares in Open Interest. Nifty 2800 Call added 2.7 lakh shares in Open Intere

  • Sell MCX Dec Gold at Rs 13132: Matthew

    26th November, 2008 09:00

    For gold, sell MCX December at Rs 13,132 per 10 grams with a target of Rs 12,842 per 10 grams, says Matthew.

  • Blackstone in talks with CMS for buying majority stake

    26th November, 2008 08:58

    Fears of a slowdown in the Indian economy do not seem to have dampened the enthusiasm of private-equity players. CNBC-TV18 learns that Blackstone may be in advance

  • Trend likely to remain weak till expiry: Deven Choksey 

    26th November, 2008 08:56

    Every rise in the market will invite short sellers and the trend is likely to remain weak till expiry. The Sensex is seen between 8300-8800, says Deven Choksey.

  • Expect bonds to remain firm: Gurumurthi

    26th November, 2008 08:52

    The bonds are expected to remain firm on speculation about rate cuts. Easy liquidity and end of regular borrowing programme will boost sentiment. The 10-year yield

  • Rupee likely to be stronger today: Subramaniam

    26th November, 2008 08:50

    The rupee is likely to be stronger today due to dollar's weakness globally. It is however going to be a rangebound session as inflows are still muted. The range fo

  • NSE to include Edelweiss capital in Nifty Midcap 50

    26th November, 2008 08:41

    The NSE will include Edelweiss capital from Nifty Midcap 50 from December 26 and will exclude AIA Engineering.

  • Support for the Sensex at 8700-8450: Gaba

    26th November, 2008 08:38

    The support for the Nifty is at 2650 and the resistance to the up move is at 2860-3113. The support for the Sensex is 8700-8450 and the resistance to the up move i

  • HDFC Bank unveils faster ATM facility

    26th November, 2008 08:33

    HDFC Bank will offer faster transactions and personalised messages through direct banking channels such as ATMs, Internet banking and phone banking. The bank will

  • BEL to open product support centre at Kochi

    26th November, 2008 08:31

    The Navratna defence PSU Bharat Electronics Ltd (BEL) will open a product support centre at Kalamassery in Kochi. The centre was opened to address the product supp

  • Dabur plan for skincare range may be delayed

    26th November, 2008 08:29

    Dabur India’s plans to launch an Ayurvedic skincare range in the last quarter of this year could be pushed back by a few months.

  • Stocks in news: DLF, Adlabs, Sun Pharma, Kingfisher

    26th November, 2008 08:27

    Stocks in news: Japanese theme park leader Sega is in talks with DLF for India foray. Adlabs planned Rs 200 crore push for film services and exhibition business. S

  • Wall Street ends mixed; Dow up 36 points

    26th November, 2008 08:20

    US markets ended flat even as the treasury commits up to USD 800 billion in two new programs to unfreeze credit markets & buy mortgage-related debt; policy makers

  • Dealers expect Nifty expiry between 2650-2950

    26th November, 2008 08:14

    Institutional activity was low and there was lack of buying conviction as well. Dealers expect year end sell off for many foreign funds and also expect selling pre

  • Cotton exports plunge 95%

    26th November, 2008 08:11

    Cotton exports have plunged 95 per cent to 75,000 bales between October 1 and November 15, against 20 lakh bales exported in the same period last year, according t

  • MF NAVs end lower as markets decline

    26th November, 2008 00:36

    Equity diversified NAVs ended lower with negative advance:decline ratio 11:200, as the benchmark indices closed sharply lower due to weak European cues as well as

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