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Moneycontrol News Archive : 28 November, 2008

  • US markets trading weak

    28th November, 2008 20:15

    US markets have opened in the red. The Dow Jones Industrial Average is down 19.35 points at 8707.26. The Nasdaq slip 12.42 points to 1519.68 and S&P 500 down 3.05

  • Airlines swamped with cancellations after terror attack

    28th November, 2008 19:05

    On Friday, tour operators in the city resigned themselves to a bleak season. Their inboxes are now full and phones ring incessantly with cancellation requests from

  • Q2 GDP satisfactory; see FY09 growth at 7-8%: FM

    28th November, 2008 18:13

    Finance Minister P Chidambaram said Q2 GDP growth is satisfactory and FY09 growth will be between 7-8%. Speaking on the Mumbai terror attacks, he said it will effe

  • Morgan Stanley Growth Fund set to Open End

    28th November, 2008 17:40

    Morgan Stanley announced that the Morgan Stanley Growth Fund (MSGF) in India, a close ended equity oriented fund is set to open end from January 2009

  • If mkt holds 2,650, it could go over 2.9k in Dec: E Mathew 

    28th November, 2008 17:05

    E Mathew, Director, Mathew Easow Fiscal Services, said, “If we are able to somehow consistently maintain above 2,650, we should look for a target of 2,900 plus in

  • Tata Chemicals signs agreement with JOil (Singapore)

    28th November, 2008 16:35

    Tata Chemicals Limited's wholly owned subsidiary; Tata Chemicals Asia Pacific Pte. Ltd., has entered into definitive agreements to invest S$25 million in JOil

  • Time to invest in crude oil

    28th November, 2008 16:14

    As per finical astrology one may keep eyes on this commodity at lower levels. At this time crude oil is being trading around USD 53 per barrel. My expections for c

  • Slowdown in Q3, Q4 FY09 bigger concern: JV Cap 

    28th November, 2008 15:47

    Sajiv Dhawan of JV Capital said the worst seems to be over in Mumbai and the market have factored that. According to him, the main concern is going to be over Q3 a

  • Crude unable to breach USD 55/bbl 

    28th November, 2008 15:45

    Crude is trading on a firmer note in the Asian markets holding above USD 50 per barrel mark, it hasn’t been able to cross USD 55 per barrel.

  • Reliance can touch Rs 1360-1400: E Mathew 

    28th November, 2008 15:37

    Technical Analyst, E Mathew is of the view that Reliance Industries is still out of danger. It has short term to medium term support at Rs 1030. If it maintains ab

  • Nifty ends up about 3% in November series 

    28th November, 2008 15:33

    The Nifty has ended up about 3% in this November series and it has been broadest sort of range of 2,503 to 3240. The small cap and the midcap space didn’t do too w

  • TI launches single-supply, auto-zero sensor amplifier

    28th November, 2008 15:24

    Texas Instruments Incorporated introduced a single-supply, auto-zero bridge sensor amplifier. Featuring programmable gain and offset, the PGA308 amplifies the sens

  • European markets trading mixed

    28th November, 2008 15:15

    European markets were trading mixed. CAC 40 was down 0.265 or 8.56 points at 3,241.83. DAX fell 0.185 or 8.54 points at 4,656.73. However, FTSE 100 was up 0.36% or

  • RIL, ONGC key players in mkt volatility

    28th November, 2008 15:12

    The markets are still witnessing some choppiness due to ONGC and Reliance Industries. Buying is seen in technology, Bharti Airtel, HDFC Bank, Sterlite Industries,

  • Asian markets end higher

    28th November, 2008 15:08

    Asian markets ended higher. Singapore's Straits Times added 1.29% or 22.05 points at 1,732.57. Taiwan's Taiwan Weighted was up 0.15% or 6.74 points at 4,460.49. Ho

  • IATA: Traffic decline continues

    28th November, 2008 15:07

    The International Air Transport Association announced international air traffic for October showing a second consecutive month of global decline. International pas

  • ArcelorMittal launches voluntary separation programme

    28th November, 2008 14:58

    ArcelorMittal is meeting with its European Works Council to present voluntary separation programmes to be launched across the group. This is to help achieve the co

  • Irdeto leads Southeast Asia’s Pay-TV Conditional Access mkt

    28th November, 2008 14:50

    Irdeto, a leading expert in content and business model protection solutions and services, has the largest market share of new pay-TV subscribers in Southeast Asia’

  • Nifty Futures rollover at 61% 

    28th November, 2008 14:45

    Marketwide rollover seen at 68% followed by Nifty Futures and stocks futures rollover at 61% and 70%, respectively. Huge buildup of positions seen in the F&O marke

  • Ansal Properties continues to fall

    28th November, 2008 14:39

    Ansal Properties has continued to fall. It has touched a 52-week low of Rs 24.30. At 2:30 pm, the share was quoting at Rs 24.80, down Rs 1.65, or 6.24%. It was tra

  • Puravankara Projects loses further ground

    28th November, 2008 14:33

    Puravankara Projects has touched a 52-week low of Rs 30.50. At 2:23 pm, the share was quoting at Rs 30.80, down Rs 2.85, or 8.47%. It was trading with volumes of 2

  • Mkts ranged; BHEL, TCS, HDFC, Suzlon gain

    28th November, 2008 14:11

    The markets are trading rangebound. Today, is the last day for November settlement. BHEL, TCS, Infosys, HDFC, Cipla, Tata Power, Maruti, M&M, Suzlon Energy, and AC

  • Volumes in mkts low; no panic among FII clients seen 

    28th November, 2008 14:02

    No panic is seen among FII clients but volumes remain low. The employee strength at FII brokerages is thin and many are working for their back offices or BPC sites

  • HDIL plunges 4.2%

    28th November, 2008 14:00

    HDIL had touched an intraday high of Rs 75.90 and an intraday low of Rs 72.90. At 1:54 pm, the share was quoting at Rs 73.70, down Rs 3.3, or 4.29%. It was trading

  • Indiabulls Real slips on profit booking

    28th November, 2008 14:00

    Indiabulls Real Estate has slipped today. It had touched an intraday high of Rs 91.60 and an intraday low of Rs 86.10. At 1:56 pm, the share was quoting at Rs 88.4

  • Religare gets SEBI nod for LOTUS acquisition

    28th November, 2008 13:59

    Religare has received clearance from SEBI to acquire the entire shareholding of Lotus India AMC from its shareholders.

  • ItzCash Card bags award for Special Display

    28th November, 2008 13:51

    ItzCash Card Ltd, India's only "Multi Purpose Prepaid Cash Card" received Special Display Silver award at the culmination of 28th India International Trade Fair

  • KPIT Cummins touches new low

    28th November, 2008 13:48

    KPIT Cummins Infosystems has touched a 52-week low of Rs 21. It has touched an intraday high of Rs 24 and an intraday low of Rs 21. At 1:37 pm, the share was quot

  • Sun Pharma update on ANDA for generic Effexor XR®

    28th November, 2008 13:41

    Sun Pharmaceutical Industries Ltd announced that the USFDA has granted Osmotica’s Citizen Petition regarding venlafaxine extended release tablets

  • See major slowdown in trade, hotels, transport: NIPFP 

    28th November, 2008 13:37

    M Govinda Rao, Director, NIPFP said the Q2 numbers are in line with expectations. "We feel problems may emerge post Q3 FY09. FY09 GDP growth is seen down to 7%, gi

  • GSS America up on buying interest

    28th November, 2008 13:16

    GSS America Infotech had touched an intraday high of Rs 144 and an intraday low of Rs 121.50. At 1:08 pm, the share was quoting at Rs 139.25, up Rs 11.05, or 8.62%

  • BHEL among major gainers

    28th November, 2008 13:07

    BHEL is among major gainers on the Nifty. It had touched an intraday high of Rs 1,346.90 and an intraday low of Rs 1,274. At 1:04 pm, the share was quoting at Rs 1

  • Anil Agarwal named Ernst & Young Entrepreneur of the Year

    28th November, 2008 12:55

    Anil Agarwal, Executive Chairman, Vedanta Resources, one of the leading metals & mining company, has been named the Ernst & Young Entrepreneur Of The Year 2008. Ei

  • Shree Renuka Sugars loses sweetness

    28th November, 2008 12:53

    Shree Renuka Sugars had touched an intraday high of Rs 48.95 and an intraday low of Rs 46.15. At 12:44 pm, the share was quoting at Rs 46.80, down Rs 2.35, or 4.78

  • Six hostages killed at Oberoi Trident: NSG

    28th November, 2008 12:49

    The National Security Guard (NSG) and the Marine Commandos early on Friday rescued 40 guests from The Trident Hotel (formerly known as Oberoi), 36 hours after they

  • Buy Cairn India, target of Rs 158: JM Financial

    28th November, 2008 12:42

    JM Financial has kept a buy rating on Cairn India with a target price of Rs 158, reports CNBC-TV18.

  • Ambuja Cements slips on profit booking

    28th November, 2008 12:40

    Ambuja Cements had touched an intraday high of Rs 55 and an intraday low of Rs 51.75. At 12:31 pm, the share was quoting at Rs 51.80, down Rs 2.6, or 4.78%. It was

  • MSPL places repeat order with Suzlon

    28th November, 2008 12:38

    Karnataka based MSPL, country’s one of the largest Iron Ore exporters, has placed a repeat order for 13.75 MW of wind farm with Suzlon Energy Limited - the leading

  • Aban Offshore declines 4.3%

    28th November, 2008 12:36

    Aban Offshore had touched an intraday high of Rs 706.40 and an intraday low of Rs 667. At 12:27 pm, the share was quoting at Rs 675.90, down Rs 30.5, or 4.32%. It

  • HSBC overweight on BHEL

    28th November, 2008 12:31

    HSBC Global Research has maintained its overweight rating on Bharat Heavy Electricals (BHEL) with a target price of Rs 1750, reports CNBC-TV18.

  • GMR Infrastructure plummets 5.2%

    28th November, 2008 12:30

    GMR Infrastructure had touched an intraday high of Rs 54.95 and an intraday low of Rs 51.50. At 12:22 pm, the share was quoting at Rs 51.90, down Rs 2.9, or 5.29%.

  • JP Associates among major losers

    28th November, 2008 12:25

    Jaiprakash Associates among major losers on the Sensex. It had touched an intraday high of Rs 56.65 and an intraday low of Rs 54.25. At 12:14 pm, the share was quo

  • Larsen and Toubro trips on selling pressure

    28th November, 2008 12:22

    L&T had touched an intraday high of Rs 758 and an intraday low of Rs 720.05. At 12:13 pm, the share was quoting at Rs 726.40, down Rs 24.15, or 3.22%.

  • Novell's PlateSpin tech helps supercomputing leader

    28th November, 2008 12:21

    Novell announced that the New Zealand Supercomputing Centre has chosen one of its PlateSpin® workload management products to automate the management of its on-dema

  • Buy SAIL, target of Rs 90: Deutsche Bank

    28th November, 2008 12:17

    Deutsche Bank has kept a buy rating on Steel Authority of India (SAIL) with a target price of Rs 90, reports CNBC-TV18.

  • Buy Marico, target of Rs 71: Sharekhan

    28th November, 2008 12:13

    Sharekhan has kept a buy rating on Marico with a target price of Rs 71, reports CNBC-TV18.

  • TCS leads gainers on the Sensex

    28th November, 2008 12:00

    TCS is top gainer on the Sensex. It had touched an intraday high of Rs 553.45 and an intraday low of Rs 506. At 11:56 am, the share was quoting at Rs 543.70, up Rs

  • Stay away from realty stock: M Thacker

    28th November, 2008 11:57

    Technical Analyst, Mitesh Thacker is of the view that one should stay away from any realty stock at the moment.

  • Buy Mphasis: Parag Parikh

    28th November, 2008 11:54

    Parag Parikh Financial Advisory Services has maintained its buy rating on Mphasis. Mphasis has reported exceptionally good results for the period of October 2008.

  • Boost pharma industry during financial crisis

    28th November, 2008 11:47

    UBM India, a part of United Business Media Limited, the world's leading global business information company, announced the opening of CPhI / ICSE / P-MEC India 200

  • India Infoline to consider buy back of shares; stock slips

    28th November, 2008 11:37

    India Infoline had touched an intraday high of Rs 36.50 and an intraday low of Rs 35.10. At 11:26 am, the share was quoting at Rs 36.15, down Rs 0.5, or 1.36%. The

  • Change in Nifty Midcap 50 Index

    28th November, 2008 11:35

    The change in the constituents of Nifty Midcap 50 index (NFTYMCAP50) is on account of exclusion of Futures and Options contracts of Shree Cements shall be w.e.f. D

  • Terror strikes to hit long-term FIIs funding: Nirmal Jain 

    28th November, 2008 11:28

    Nirmal Jain, Chairman and Managing Director, India Infoline, said there is no immediate impact of terror attack, but in the long run FIIs will react. “Given the te

  • See H2 GDP no. below 7%: ICICI Bank 

    28th November, 2008 11:24

    Samiran Chakrabarty, Chief Economist of ICICI Bank, feels the GDP numbers are more or less in line with expectations. He added the GDP number for the second half o

  • Mphasis 7 months cons net profit at Rs 295 cr

    28th November, 2008 11:21

    Mphasis has declared its 7 months consolidated results. The company's net profit was at Rs 295 crore versus Rs 140 crore.

  • Mkts volatile despite better-than-expected GDP growth

    28th November, 2008 11:02

    The markets are witnessing volatility ahead of November settlement. Growth in GDP for Q2 FY09 has come in at 7.6% as compare to 9.3% YoY, and 7.9% QoQ. Bharti, ONG

  • Indian biz industry at gunpoint of terror: Experts

    28th November, 2008 11:00

    James Lamont, Bureau Chief-Delhi, The Financial Times, said globally it's perceived that attacks are targeted at the business interests of the country and Mumbai a

  • Tata Steel to up stake in Steel Strips Wheels, stk down

    28th November, 2008 10:50

    Tata Steel had touched an intraday high of Rs 152.65 and an intraday low of Rs 148.60. At 10:42 am, the share was quoting at Rs 151.05, down Rs 3.85, or 2.49%. The

  • Unitech to raise Rs 1500 crore, stk plunges

    28th November, 2008 10:47

    Unitech has touched a 52-week low of Rs 24.60. At 10:38 am, the share was quoting at Rs 25, down Rs 0.9, or 3.47%. The company is going to raise Rs 1500 crore thro

  • Re mkt fairly illiquid today: StanChart Bank 

    28th November, 2008 10:38

    Hemant Mishr, Head Global Markets, Standard Chartered Bank, said the rupee market is fairly illiquid today. "We are not seeing any client interest."

  • Thomas Cook declines 6.5%

    28th November, 2008 10:34

    Thomas Cook had touched an intraday high of Rs 44 and an intraday low of Rs 42. At 10:26 am, the share was quoting at Rs 42.15, down Rs 2.95, or 6.54%. It was trad

  • Banking stocks may continue to outperform: Sukhani 

    28th November, 2008 10:26

    Technical Analyst, Sudarshan Sukhani feels that if the market stays cheerful banks might continue to outperform in the short-term.

  • Angel neutral on Tata Steel

    28th November, 2008 10:20

    Angel Broking has maintained its rating on Tata Steel. Tata Steel owned Corus has sold 50% stake in GrantRail group to its Netherlands based joint venture partner

  • Buy Jagran Prakashan, target of Rs 70: Angel

    28th November, 2008 10:13

    Angel Broking has maintained its buy rating on Jagran Prakashan with a target price of Rs 70. Amid mounting problems for India’s print industry, a silver lining is

  • Kingfisher Airlines slips from higher level

    28th November, 2008 10:10

    Kingfisher Airlines has slipped today. It had touched an intraday high of Rs 29.50 and an intraday low of Rs 27. At 10:03 am, the share was quoting at Rs 27.70, do

  • Taj GVK hits 52-week low

    28th November, 2008 10:05

    Taj GVK Hotels & Resorts has touched a 52-week low of Rs 40. At 10:04 am, the share was quoting at Rs 41.60, down Rs 2.85, or 6.41% on the NSE. It was trading with

  • EIH plunges 8%

    28th November, 2008 10:02

    EIH had touched an intraday high of Rs 88 and an intraday low of Rs 75.95. At 10:01 am, the share was quoting at Rs 85, down Rs 7.35, or 7.96% on the NSE. It was t

  • Nifty has resistance at 2790/2845: Hem

    28th November, 2008 09:56

    According to Hem Securities' Morning Note, Nifty is having resistance at 2790/2845 while Support is at 2683/2643 levels.

  • Attacks to have short-term impact on mkts: Samir Arora 

    28th November, 2008 09:48

    Samir Arora, Fund Manager, Helios Capital, said the market response to the terror attacks in Mumbai, will be neutral to negative in the short-term considering the

  • Mkt trend up; recommend buying: Sudarshan Sukhani  

    28th November, 2008 09:44

    han Sukhani of Technical Trends recommends buying today. The trend, he said, is up in spite of the mood due to the Mumbai terror attacks. He feels there might be s

  • Nifty may correct up to 2676: Angel

    28th November, 2008 09:30

    According to Angel Broking's Market Outlook report, if NIFTY trades below 2719 for the first half-an-hour of trade then it may correct up to 2676.

  • FIIs net buy Rs 750 crore in Nifty futures 

    28th November, 2008 09:27

    Marketwide rollover seen at 60% versus 51% seen on D-1 of last series and Nifty Futures rollover seen at 54% versus 52% seen on D-1 of last series. Nifty Futures r

  • Mkts not likely to see any knee jerk reaction: Sanjay Sinha 

    28th November, 2008 09:25

    The market is not likely to see any knee jerk reaction due to the current situation in Mumbai. However volatility will continue due to expiry & GDP nos, Sanjay Sin

  • Hotel stks and tourism industry will take beating: Anagram

    28th November, 2008 09:20

    According to Anagram Research's report, expect markets to hold their fort, though the concerned hotel stocks and the tourism industry in general will take a beatin

  • Sell Gold Dec at around Rs 13200: Mansukh Securities

    28th November, 2008 09:13

    Mansukh Securities and Finance has recommended to sell Gold December at around Rs 13200 with stoploss above Rs 13325 for the target of Rs 12850.

  • Rupee opens at Rs 49.64 per dollar

    28th November, 2008 09:09

    The Indian Rupee opened at Rs 49.64 per dollar versus Rs 49.51 Wednesday.

  • Nifty has support at 2630/2580: Mansukh Securities

    28th November, 2008 09:00

    According to Mansukh Securities and Finance's report, Nifty now has resistance near 2838/2865/2915 and support near 2630/2580/2502.

  • Corporation Bank to focus on retail, agri, SME sectors

    28th November, 2008 08:58

    Looking at the future expansion and untapped potential, the public sector Corporation Bank has set a target of achieving a business of Rs 1.50 lakh crore in the ne

  • HP expects EDS to extend service offerings

    28th November, 2008 08:53

    Recently in Penang Hewlett-Packard Co expects recently acquired Electronic Data Systems Corp to play a significant part in furthering its services portfolio in ter

  • 10-year yield seen in the range of 7.08-7.12%: Prabhu

    28th November, 2008 08:46

    No major activity is expected today and volumes are likely to be thin, but the market will continue to have the comfort of easy liquidity and declining inflation.

  • F&O cues: Marketwide rollover at 60%

    28th November, 2008 08:44

    F&O cues: Marketwide rollover at 60% versus 51% seen on D-1 of last series. Nifty rollover at 54% versus 52% seen on D-1 of last series.

  • Market cues: NSE F&O Open Int up at Rs 56337 cr

    28th November, 2008 08:41

    Market cues: NSE F&O Open Interest up by Rs 2,888 crore at Rs 56,337 crore.

  • Expect gap down opening: Gujral

    28th November, 2008 08:38

    Market may have a gap down opening today. Supports are at 2580-2600 and resistances are at 2790-2860.

  • Stalemate over setting up cashew development board

    28th November, 2008 08:32

    The Union Commerce Ministry's efforts for long to create a Cashew Development Board on almost similar to that lines of other commodities boards, such as for rubber

  • Export tax on basmati beginning to bite

    28th November, 2008 08:23

    The Centre’s policy of clamping an export duty of Rs 8,000 a tonne on basmati rice shipments, over and above a minimum export price (MEP) stipulation of $1,200

  • What it takes to fight a war inside skyscrapers

    28th November, 2008 19:09

    The Taj Mahal hotel became a nightmarish catacomb when it turned into a war zone on November 26.

  • A date with terror

    28th November, 2008 18:31

    Late in the evening on Wednesday, November 26, 2008, Mumbai eventually got its very own 9/11. Watching room after room at one of the most majestic and stately symb

  • One arrested terrorist is a Pakistani: RR Patil

    28th November, 2008 17:52

    Maharashtra Deputy Chief Minister RR Patil has claimed that one of the terrorist arrested in connection with the Mumbai terror attacks is a Pakistani national.

  • Rupee ends lower, bonds higher

    28th November, 2008 17:23

    The spot rupee ended lower at Rs 50.10 per USD as against its previous close of Rs 49.45. The widely traded 8.24%, 2018 paper closed higher at Rs 107.90 as against

  • Bharti Teletech bags order from BSNL

    28th November, 2008 16:46

    Bharti Teletech, one of India’s leading manufacturers and distributors of telecom & allied products, today announced that it has won a major contract from Bharat S

  • Indian telecom sector unaffected by global fin crisis: TRAI

    28th November, 2008 16:25

    Indian telecom sector unaffected by global financial crisis: TRAI

  • Dhawan underweight on IT sector 

    28th November, 2008 16:08

    Sajiv Dhawan of JV Capital Services is underweight on IT sector until some clarity and gets some conviction confidence that the guidance and the results of the nex

  • Buy Larsen on decline: E Mathew 

    28th November, 2008 15:47

    Technical Analyst, E Mathew is of the view that Larsen is looking good. One can buy it on declines. Jaiprakash Associates has support in the band of Rs 48-50. Reli

  • Mkts end flat on November settlement day

    28th November, 2008 15:37

    The markets ended flat amidst choppy trade on the November settlement date. Volumes were pretty low in today's trade. This could partly be due to the Mumbai terror

  • Emami launches Sardija Cough Syrup

    28th November, 2008 15:35

    The health and personal care major, Emami Ltd, has launched another unique OTC (over the counter) product, Sardija. A complete throat care during winter, Sardija c

  • Essar Oil maintains its march ahead

    28th November, 2008 15:25

    Essar Oil had touched an intraday high of Rs 74.90 and an intraday low of Rs 68.10 At 3:15 pm, the share was quoting at Rs 74.60, up Rs 4.15, or 5.89%. It was trad

  • Asian Elect approves 12% sweat equity to A Shah; stk down

    28th November, 2008 15:18

    Asian Electronics had touched an intraday high of Rs 23.10 and an intraday low of Rs 21.70At 3:03 pm, the share was quoting at Rs 22.15, down Rs 0.3, or 1.34%. The

  • Easiprocess buys 500 seater BPO space in Pune

    28th November, 2008 15:14

    While it may be times of trouble for many BPO’s in India, Bangalore based BPO - Easiprocess is geared up to set up its new office in Pune which can accommodate 500

  • Wipro continues to gain

    28th November, 2008 15:08

    Wipro had touched an intraday high of Rs 252 and an intraday low of Rs 234. At 2:59 pm, the share was quoting at Rs 248.30, up Rs 7.30, or 3.03%. It was trading wi

  • Merril Lynch sees 2009 GDP growth at 5.8% 

    28th November, 2008 15:08

    Mark Mathews of Merril Lynch feels the impact of the Mumbai terror attacks on the Indian economy will be minimal. He sees no impact on any sector in India, apart f

  • Infosys Technologies forges ahead

    28th November, 2008 15:01

    Infosys Technologies had touched an intraday high of Rs 1,246 and an intraday low of Rs 1,160. At 2:50 pm, the share was quoting at Rs 1,238.90, up Rs 51.65, or 4.

  • Mah and Mah surges 4.7%

    28th November, 2008 14:53

    Mahindra and Mahindra had touched an intraday high of Rs 285.40 and an intraday low of Rs 262. At 2:44 pm, the share was quoting at Rs 282.50, up Rs 12.90, or 4.78

  • Sterlite Ind maintains its march ahead

    28th November, 2008 14:49

    Sterlite Industries has continued to gain. It had touched an intraday high of Rs 245.50 and an intraday low of Rs 222.10. At 2:38 pm, the share was quoting at Rs 2

  • HDFC moves up smartly

    28th November, 2008 14:43

    HDFC had touched an intraday high of Rs 1,475 and an intraday low of Rs 1,371.10. At 2:34 pm, the share was quoting at Rs 1,462, up Rs 45.40, or 3.20%. It was trad

  • HCC tumbles 6.6%

    28th November, 2008 14:35

    HCC had touched an intraday high of Rs 36.80 and an intraday low of Rs 34.20. At 2:25 pm, the share was quoting at Rs 34.20, down Rs 2.45, or 6.68%. It was trading

  • Cipla in good health

    28th November, 2008 14:14

    Cipla has touched an intra day high of Rs 202 and an intra day low of Rs 185. At 2:13 pm, the share was quoting at Rs 200.50, up Rs 6.40, or 3.30% on the Nifty. It

  • NALCO among major losers

    28th November, 2008 14:05

    NALCO is among major losers on the Nifty. It has touched an intraday high of Rs 189.80 and an intraday low of Rs 173.30. At 2:02 pm the share was quoting at Rs 17

  • Pyramid Saimira puts on a poor show

    28th November, 2008 14:01

    Pyramid Saimira Theatre has touched a 52-week low of Rs 37.35. At 1:51 pm, the share was quoting at Rs 37.35, down Rs 2.05, or 5.2%. It was trading with volumes of

  • See huge political impact of M'bai terror: Vallabh Bhansali 

    28th November, 2008 14:00

    Vallabh Bhansali of Enam Securities said India is too large an economy to be stopped by something like a terror strike. He expects some short-term pain but believ

  • Volgograd seek private Indian investment in the region

    28th November, 2008 14:00

    Volgograd seek private Indian investment in the region. Volgograd has been actively considering Indian private sector’s investments in the region. Reflecting trade

  • Reliance Power turns down

    28th November, 2008 13:52

    Reliance Power had touched an intraday high of Rs 111.95 and an intraday low of Rs 100. At 1:42 pm, the share was quoting at Rs 107.65, down Rs 5.25, or 4.65%. It

  • Alkali Metals melts down 16%

    28th November, 2008 13:50

    Alkali Metals had touched an intraday high of Rs 202 and an intraday low of Rs 163.15. At 1:42 pm, the share was quoting at Rs 168.65, down Rs 32.65, or 16.22%. It

  • Bombay Rayon hits 52-week low

    28th November, 2008 13:46

    Bombay Rayon Fashions had touched a 52-week low of Rs 107. At 1:37 pm, the share was quoting at Rs 114.80, down Rs 10.9, or 8.67%. It was trading with volumes of 5

  • Shipping Corporation sinks 5.2%

    28th November, 2008 13:41

    Shipping Corporation of India had touched an intraday high of Rs 75.50 and an intraday low of Rs 71.55. At 1:30 pm, the share was quoting at Rs 71.55, down Rs 4, o

  • Cost Congress rejects pink slips as cost cutting measure

    28th November, 2008 13:30

    Cost Congress 2008 rejects pink slips as a cost cutting measure

  • Suzlon Energy back on track

    28th November, 2008 13:12

    Suzlon Energy had touched an intraday high of Rs 42.50 and an intraday low of Rs 39.40. At 1:01 pm, the share was quoting at Rs 42, up Rs 1.50, or 3.70%. It was tr

  • Punj Lloyd lowest bidder for Sikkim airport; stk down

    28th November, 2008 12:58

    Punj Lloyd had touched an intraday high of Rs 138.60 and an intraday low of Rs 134. At 12:47 pm, the share was quoting at Rs 135.65, down Rs 2, or 1.45%. The compa

  • The bailout brouhaha and the Mumbai attack

    28th November, 2008 12:54

    A few chapters from various books on the 1929 crises, lessons from the Japanese recession and most importantly the Keynesian approach to brave the storm – all prov

  • Mkts see-saw, Nifty holds 2700

    28th November, 2008 12:51

    The markets continue to see-saw ahead of November settlement. Buying is seen in TCS, BHEL, Tata Power, Bharti, Cipla, Satyam, HDFC, Suzlon Energy, PNB, Hindalco, W

  • NIIT-Adobe to launch Web & Multimedia curriculum for school

    28th November, 2008 12:46

    NIIT ties up with Adobe to launch first ever state-of-art Web & Multimedia curriculum for Schools in India Alliance to give school students early access to profess

  • Amtek India gushes forth

    28th November, 2008 12:41

    Amtek India had touched an intraday high of Rs 22.60 and an intraday low of Rs 20.50. At 12:32 pm, the share was quoting at Rs 21.60, up Rs 1.05, or 5.11%. It was

  • HSBC overweight on Reliance Industries

    28th November, 2008 12:38

    HSBC Global Research has maintained its overweight rating on Reliance Industries with a target price of Rs 2160, reports CNBC-TV18.

  • Tata Tea gains smartly

    28th November, 2008 12:37

    Tata Tea had touched an intraday high of Rs 518 and an intraday low of Rs 476. At 12:27 pm, the share was quoting at Rs 514.85, up Rs 25.25, or 5.16%. It was tradi

  • Welspun Gujarat witnesses selling pressure

    28th November, 2008 12:33

    Welspun Gujarat Stahl Roh had touched an intraday high of Rs 89.35 and an intraday low of Rs 82.05. At 12:24 pm, the share was quoting at Rs 82.65, down Rs 4.7, or

  • Transcend's StoreJet 25M gets Japan's Good Design Award

    28th November, 2008 12:30

    With its innovative anti-shock construction and stylish design, Transcend's high capacity StoreJet™ 25M portable hard drive has recently been honored with the pres

  • Sintex India marches ahead

    28th November, 2008 12:26

    Sintex India had touched an intraday high of Rs 177 and an intraday low of Rs 159.05. At 12:15 pm, the share was quoting at Rs 173.05, up Rs 10.25, or 6.30%. It wa

  • Infosys an outperformer: Credit Suisse

    28th November, 2008 12:23

    Credit Suisse has maintained its outperformer rating on Infosys Technologies with a target price of Rs 1650, reports CNBC-TV18.

  • Tata Motors slips 4.4%

    28th November, 2008 12:21

    Tata Motors had touched an intraday high of Rs 138.75 and an intraday low of Rs 133.35. At 12:13 pm, the share was quoting at Rs 133.60, down Rs 6.15, or 4.4%. It

  • Zee Entertainment dips further

    28th November, 2008 12:19

    Zee Entertainment Enterprises had touched an intraday high of Rs 114 and an intraday low of Rs 106.60. At 12:09 pm the share was quoting at Rs 106.75, down Rs 7.4,

  • Mkts trading weak; oil, banking, telecom stocks dip

    28th November, 2008 12:14

    The markets are trading weak despite a better-than-expected GDP growth of 7.6% for the second quarter of FY09 as against 9.3% (YoY) and 7.9% (QoQ), respectively. I

  • Infotech Ent appoints J Ramachandran as additional director

    28th November, 2008 12:04

    Infotech Enterprises Ltd (IEL), a leading technology solutions provider with global headquarters at Hyderabad has announced the appointment of Professor J. Ramacha

  • Religare gets SEBI nod for LOTUS acquisition

    28th November, 2008 11:57

    Religare Enterprises Limited, one of the leading integrated financial services groups of India, confirmed that Religare Securities Limited, its wholly owned subsid

  • Tata Power flares up

    28th November, 2008 11:56

    Tata Power Company had touched an intraday high of Rs 671.95 and an intraday low of Rs 641.25. At 11:47 am, the share was quoting at Rs 670, up Rs 15.15, or 2.31%.

  • Bank Of India has support at Rs 230: M Thacker

    28th November, 2008 11:52

    Technical Analyst, Mitesh Thacker is of the view that Bank Of India has support at Rs 230.

  • Reduce Cummins India, target of Rs 185: Reliance Money

    28th November, 2008 11:45

    Reliance Money has recommended a reduce rating on Cummins India with a target price of Rs 185. Cummins India Ltd (CIL) has said that it has entered into an agreeme

  • See strong support at 2525 Nifty: Expert 

    28th November, 2008 11:37

    Technical Analyst Mitesh Thakkar said the Nifty looks to be moving within the range of 2,500 on the downside as well as 2,800–2,850 on the upside. “It is good that

  • Vishal Retail locked at 5% upper circuit

    28th November, 2008 11:30

    Vishal Retail is locked at 5% upper circuit. It has touched an intraday high of Rs 67.50 and an intraday low of Rs 65.10. At 11:19 am, the share was quoting at Rs

  • Sell JSW Steel: HDFC Securities

    28th November, 2008 11:27

    HDFC Securities has maintained its sell rating on JSW Steel. There will be increasing stress on margins for JSW Steel going forward due to lower steel prices and u

  • Brokers bullish on Marico, SAIL, Cairn India

    28th November, 2008 11:21

    Brokerage houses are bullish on Marico, SAIL, Infosys, BHEL, Reliance Ind and Cairn India.

  • Educomp to set up private varsity; stock down

    28th November, 2008 11:15

    Educomp Solutions had touched an intraday high of Rs 2,030.30 and an intraday low of Rs 1,958. At 11:04 am, the share was quoting at Rs 2,020.35, down Rs 38.95, or

  • Grasim Industries takes dip

    28th November, 2008 11:00

    Grasim Industries had touched an intraday high of Rs 935 and an intraday low of Rs 882.25. At 10:58 am, the share was quoting at Rs 885.10, down Rs 31.9, or 3.48%.

  • Buy Soybean NCDEX 1st Month Future at Rs 1675: Hem

    28th November, 2008 10:59

    Hem Securities has recommended to buy Soybean NCDEX 1st Month Future at Rs 1675 with a stoploss of Rs 1656 and a target of Rs 1701.

  • Attacks have no implications for sovereign ratings: S&P

    28th November, 2008 10:49

    Standard & Poor's Ratings Services today it does not believe the terrorist attacks in India will have a direct effect on the sovereign ratings on India (BBB-/Stabl

  • Sub 7% on GDP could come as jolt 

    28th November, 2008 10:44

    We may get 7% plus number on the GDP but it would be unwise to celebrate because because I suspect for many quarters we will not see any close to 7%. So market par

  • Mumbai terror to impact capital flows: Mark Konyn 

    28th November, 2008 10:35

    Mark Konyn, CEO, RCM, a company of Allianz Global Investors, said investor sentiment will be hit in the short-term because of the Mumbai terror strikes. "The overa

  • Reliance Infra trips on selling pressure

    28th November, 2008 10:31

    Reliance Infrastructure has slipped today. It had touched an intraday high of Rs 522.45 and an intraday low of Rs 493.20. At 10:24 am, the share was quoting at Rs

  • Avoid aviation sector: N Shah 

    28th November, 2008 10:22

    Nilesh Shah, MD & CEO of Envision Capital is of the view that one can ignore aviation sector. It is a sector which has very poor long term economics and they have

  • Sun Pharma top loser on the Nifty

    28th November, 2008 10:17

    Sun Pharma is the top loser on the Nifty. It had touched an intraday high of Rs 1,089 and an intraday low of Rs 1,021. At 10:16 am, the share was quoting at Rs 1,0

  • Jet Airways touches new low

    28th November, 2008 10:13

    Jet Airways has touched a 52-week low of Rs 129.05. At 10:04 am, the share was quoting at Rs 129.05, down Rs 8.85, or 6.42%. It was trading with volumes of 5,652 s

  • Hotel Leela Venture continues to fall

    28th November, 2008 10:07

    Hotel Leela Venture has continued to fall. It had touched a 52-week low of Rs 17.10. At 09:59 am, the share was quoting at Rs 17.15, down Rs 0.85, or 4.72%. It was

  • Buy HT Media, target of Rs 99: Angel

    28th November, 2008 10:04

    Angel Broking has maintained its buy rating on HT Media with a target price of Rs 99. Amid mounting problems for India’s print industry, a silver lining is startin

  • Indian Hotels slips 11% on terrorists attack at Taj hotel

    28th November, 2008 09:59

    Indian Hotels had touched an intraday high of Rs 45 and an intraday low of Rs 41.30. At 09:56 am, the share was quoting at Rs 42.90, down Rs 5.4, or 11.18% on the

  • See mkts trading flat today: Envision Cap 

    28th November, 2008 09:54

    Nilesh Shah, Envision Capital, said the market may open on a cautious note. "It is quite possible that the market may open marginally lower, but it would not susta

  • Mkts choppy ahead of Nov settlement, Mumbai terror attacks

    28th November, 2008 09:44

    The markets have opened lower on account of terror attack in Mumbai but immediately rebounded with marginal gains along with extreme choppiness. F&O expiry is anot

  • Sensex has support at 8650: Angel

    28th November, 2008 09:33

    According to Angel Broking's Technical Analysis report, on the downside, 8650/2640 levels may act as support for the day.

  • Sandeep Nayak expects panic on opening trade 

    28th November, 2008 09:27

    Sandeep Nayak of Kotak Securities expects panic on opening due to damaged sentiment but one could expect some bounceback later.

  • Nifty has support at 2635-2642: Reliance Money

    28th November, 2008 09:26

    According to Reliance Money's Morning Notes, intraday support is pegged around levels of 2635-2642 range with strong hurdle around levels of 2830-2850 on intraday

  • Politician, media view on terror attacks 

    28th November, 2008 09:20

    On the day country has experienced its worst terrorist attack it is time to answer a few critical questions. Is this a new type of terror or an escalated version o

  • Mkt likely to discount terror attack: Dharmesh Mehta 

    28th November, 2008 09:19

    The market is likely to discount the terror attack in Mumbai as one-off event. I don't expect to see any panic reaction in today's trade, Dharmesh Mehta said.

  • Mkts could see initial dip, but will shrug it off 

    28th November, 2008 09:09

    There are bigger chances that we will have all markets trading and the expiry and the settlement for the current series happening today. One could see a bit of sen

  • Expect gains later today: Mohoni

    28th November, 2008 09:02

    European markets rallied strongly last night, while the US markets were closed. US stocks had rallied on Wednesday. Asian markets are also up this morning, and the

  • Intelligence experts on Mumbai terror attacks 

    28th November, 2008 09:00

    On Thursday, the country woke up to the worst ever terror attack in the financial capital, Mumbai. Over 100 people have been killed, many hundred injured and a lar

  • Is India’s brand image in jeopardy?

    28th November, 2008 08:55

    ‘Incredible India’, the current brand building campaign for the country, may well describe the ongoing terrorist attacks in Mumbai. While most ad men believe Brand

  • NIIT, Adobe tie up to offer multimedia course

    28th November, 2008 08:52

    IT training company NIIT together with Adobe on Thursday announced the launch of its e-GURU Web and multimedia curriculum for school students.

  • Stocks in news: Unitech, Educomp, India Infoline

    28th November, 2008 08:44

    Stocks in news: Unitech To raise Rs 1500 cr through sale of offices, hotels and land in next 3-4 mnths Educomp plans to set up private varsity in Delhi India Infol

  • Expect rupee to trade between 49.5-50.6: Thanawala

    28th November, 2008 08:43

    Due to the terror attack, the short-term sentiment for the rupee will remain negative. Also, given that most banks and dealing rooms are in South Mumbai, we will h

  • Mkts to trade today: Sebi chief

    28th November, 2008 08:40

    CB Bhave, Chairman, Securities and Exchange Board of India, said that the exchanges will trade today. However, the final call on resuming trade will be taken later

  • US mkts shut on Thursday in observance of Thanksgiving

    28th November, 2008 08:34

    US markets closed on Thursday in observance of Thanksgiving and will reopen on Friday for a half day. Asian markets are trading mixed. SGX Nifty is trading with h

  • Spot rubber prices rule steady

    28th November, 2008 08:26

    The rubber prices were steady on Thursday. According to market circles, the trading activities were in an extremely dull pace in the absence of quantity buyers and

  • Asian markets trading mixed

    28th November, 2008 08:19

    Asian markets were trading mixed. China's Shanghai Composite was down 1.18% or 22.72 points at 1,895.14. Singapore's Straits Times declined 1.18% or 20.25 points a

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