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Moneycontrol News Archive : 7 October, 2008

  • Ambani MoU to be produced in court tomorrow: RNRL Counsel 

    7th October, 2008 19:35

    The RIL-RNRL hearing will continue tomorrow but the big news of the day is that the RNRL Counsel Ram Jethmalani has come out and said that the controversial MoU (M

  • New P-Note regime with effect today: Sebi

    7th October, 2008 19:07

    The Securities and Exchange Board of India (Sebi) has issued circulars to custodians on removal of P-notes restrictions, CNBC-TV18 reports. In this respect, the de

  • Indian Bank Q2 PAT seen at Rs 275.9 cr: Angel

    7th October, 2008 18:56

    Angel Broking has come out with its earning estimates on Banking Sector for the quarter ended September 2008. According to the research firm, Indian Bank's Septemb

  • Corporation Bank Q2 PAT seen at Rs 191.3 cr: Angel

    7th October, 2008 18:40

    Angel Broking has come out with its earning estimates on Banking Sector for the quarter ended September 2008. According to the research firm, Corporation Bank's Se

  • HDFC Bank likely to lead the sector up: Bhambwani

    7th October, 2008 18:34

    Technical Analyst, Vijay Bhambwani is of the view that HDFC Bank is likely to lead the sector up.

  • ICICI Bank Q2 PAT seen at Rs 1033.6 cr: Angel

    7th October, 2008 18:31

    Angel Broking has come out with its earning estimates on Banking Sector for the quarter ended September 2008. According to the research firm, ICICI Bank's Septembe

  • HDFC Bank Q2 PAT seen at Rs 518.9 cr: Angel

    7th October, 2008 18:27

    Angel Broking has come out with its earning estimates on Banking Sector for the quarter ended September 2008. According to the research firm, HDFC Bank's September

  • Axis Bank Q2 PAT seen at Rs 333.4 cr: Angel

    7th October, 2008 18:25

    Angel Broking has come out with its earning estimates on Banking Sector for the quarter ended September 2008. According to the research firm, Axis Bank's September

  • Reliance Cap can go up by Rs 50-75: Bhambwani 

    7th October, 2008 18:13

    Technical Analyst, Vijay Bhambwani is of the view that Reliance Capital can go up by Rs 50-75.

  • Nano finds new home in Gujarat; Ratan Tata, Guj CM ink pact 

    7th October, 2008 18:01

    Tata Motors has signed an agreement with the Gujarat government for the Nano Plant. Nano will manufacture 2.5-3.5 lakh units in the first phase and 5 lakh units in

  • Mining, exploration, refining included in ECB ambit

    7th October, 2008 17:54

    The government has expanded the core section definition to include mining, refineries and exploration for external commercial borrowings, or ECB.

  • CREMA to address the issue of PR&R in clinical trials

    7th October, 2008 17:18

    CREMA conference in November to address the growing challenge of Patient Recruitment & Retention in clinical trials. The conference will be targeted at pharma & bi

  • MFs net sell of Rs 231.1 cr in equity on Oct 6

    7th October, 2008 17:10

    Mutual Funds were net sellers to the tune of Rs 231.1 crore in equity on October 6, 2008.

  • FIIs net sell of USD 278 mn in equity on Oct 6

    7th October, 2008 17:07

    FIIs were net sellers to the tune of USD 278 million in equity on October 6, 2008.

  • Sage Soft appoints Lindy Benton as COO

    7th October, 2008 17:00

    Sage Software Healthcare appoints Lindy Benton as Chief Operating Officer. Ms. Benton proven track record in the industry, includes leading large sales and operati

  • Crude may slip to USD 85/bbl 

    7th October, 2008 16:56

    Support for crude is seen at USD 87 per barrel and if it slips below that then it may go to USD 85 per barrel. Currently it is trading above USD 90 per barrel.

  • NSE F&O turnover at Rs 56000 crore 

    7th October, 2008 16:31

    The NSE F&O turnover was pretty healthy at about Rs 56,000 crore. Nalco is up about 6% with 18% OI buildup. The stock has seen good long-ward bias there.

  • Stocks to watch: Bank of Baroda, SBI, Reliance Cap 

    7th October, 2008 16:24

    Hemang Jani Senior Vice President at Sharekhan feels that HDFC Bank has remained at slightly higher valuation. Vijay Bhambwani of bsplindia.com is negative on Stel

  • ONGC Sept qtr PAT seen up at Rs 6300.8cr:Angel Broking

    7th October, 2008 16:11

    Angel Broking has come out with its earning estimates on Oil & Gas for the quarter ended September 2008. According to the research firm, ONGC's September quarter c

  • Reduce Jubilant Org, target of Rs 267: IIFL

    7th October, 2008 16:05

    IIFL has downgraded its rating on Jubilant Organosys from buy to reduce with a reduced target price of Rs 267. The research firm is reducing its FY09 EPS estimate

  • Below Rs 1090, HDFC Bank may slip to Rs 950: Mathew 

    7th October, 2008 15:52

    Technical Analyst, E Mathew is of the view that below Rs 1090 HDFC Bank may slip to Rs 950.

  • Cash-strapped airlines up in-flight advt to raise revenue 

    7th October, 2008 15:48

    Airlines are using creative ways to make money, so the next time you look at the ceiling, there could be a brand staring up at you and whether or not, it will make

  • Buy Bank Of Baroda at Rs 270-272: Mathew 

    7th October, 2008 15:44

    Technical Analyst, E Mathew is of the view that one can buy Bank Of Baroda at Rs 270-272. One could look for a medium-term target of Rs 330-340.

  • Buy Suzlon Energy, target of Rs 194: Nirmal Bang

    7th October, 2008 15:07

    Nirmal Bang has assigned a buy rating on Suzlon Energy with a target of Rs 194. The research firm expects Suzlon to report a CAGR of 38.5% during FY08 to FY12E in

  • SRS Mall adjudged as the Best Mall in NCR

    7th October, 2008 15:00

    SRS Mall adjudged as the Best Mall in NCR. The SRS Mall was chosen for the prestigious award owing to its growing popularity due to the wholesome entertainment pro

  • R Systems Q2 PAT seen at Rs 4.6 cr: KRChoksey

    7th October, 2008 14:58

    KRChoksey has come out with its earning estimates on information technology sector for the quarter ended September 2008. According to the research firm, R Systems'

  • Omnitech Q2 PAT seen at Rs 10.1 cr: KRChoksey

    7th October, 2008 14:55

    KRChoksey has come out with its earning estimates on information technology sector for the quarter ended September 2008. According to the research firm, Omnitech I

  • Satyam Q2 PAT seen at Rs 546 cr: KRChoksey

    7th October, 2008 14:50

    KRChoksey has come out with its earning estimates on information technology sector for the quarter ended September 2008. According to the research firm, Satyam Com

  • Wipro Q2 PAT seen at Rs 925 cr: KRChoksey

    7th October, 2008 14:46

    KRChoksey has come out with its earning estimates on information technology sector for the quarter ended September 2008. According to the research firm, Wipro's Q2

  • Barclays, RBS in talks with European banks for funding 

    7th October, 2008 14:40

    Barclays and Royal Bank of Scotland (RBS) are in talks with European banks and the government for around USD 79 billion funding, reports CNBC-TV18, quoting reports

  • Why are GVK Power and Tata Power stocks buzzing? 

    7th October, 2008 14:36

    GVK Power is trading close to a 52-week low of Rs 17.50. The stock is down 52% in a month. The company is hit by delay in gas production. The commercial production

  • Mah and Mah among major losers

    7th October, 2008 14:32

    Mahindra and Mahindra, M&M is among major losers on the Sensex. At 2:22 pm, the share was quoting at Rs 466, down Rs 36.35, or 7.24%. It has touched an intraday hi

  • Bharti Airtel launches Airtel digital TV

    7th October, 2008 14:24

    Airtel makes its television debut - Set to redefine home entertainment with Airtel digital TV. The service will be available to customers through 21,000 retail poi

  • IKF Tech launches '121 Calling' across Europe

    7th October, 2008 14:17

    IKF Technologies Ltd. connects Europe with '121 calling'. IKF Technologies Ltd. has entered into an exclusive partnership with European telecom major ancotel gmbH

  • Remain invested in Tata Steel: Tulsian 

    7th October, 2008 14:14

    Investment Advisor SP Tulsian is of the view that one can remain invested in Tata Steel with long term perspective. It is dependent on the imported coal but for ir

  • Reliance touches new 2008 low

    7th October, 2008 14:11

    Reliance has touched a 52-week low of Rs 1,615.25. At 2:01 pm, the share was quoting at Rs 1,629.90, down Rs 12, or 0.73%. It was trading with volumes of 1,292,532

  • Serena acquires Projity for OpenProj

    7th October, 2008 13:52

    Serena Software acquires open source alternative to Microsoft project. Serena Mariner provides total visibility into project and portfolio status and metrics to en

  • Buy Bank Of Baroda above Rs 291: ICICIdirect.com

    7th October, 2008 13:46

    ICICIdirect.com has recommended to buy Bank Of Baroda above Rs 291 with a stoploss of Rs 290 and targets of Rs 294/300/higher.

  • GSPL Sept qtr PAT seen up at Rs 113cr: Angel Broking

    7th October, 2008 13:44

    Angel Broking has come out with its earning estimates on Oil & Gas for the quarter ended September 2008. According to the research firm, Gujarat State Petronet's S

  • Buy Axis Bank above Rs 679: ICICIdirect.com

    7th October, 2008 13:40

    ICICIdirect.com has recommended to buy Axis Bank above Rs 679 with a stoploss of Rs 678 and targets of Rs 690/710/higher.

  • SAIL adds 10 lakh shares in open interest 

    7th October, 2008 13:35

    This is a lacklustre session in the Futures and Option side. SAIL is up nearly Rs 5 in the spot market and has added nearly 10 lakh shares in the open interest.

  • Expect more policy easing ahead: O(x)us Invst  

    7th October, 2008 13:13

    Surjit Bhalla, Chairman, O(x)us Investments, said the Indian markets will move in tandem with its global peers. He feels positive Monetary Policy moves will be rew

  • Buy Shree Cements, target of Rs 803: HDFC Securities

    7th October, 2008 13:05

    HDFC Securities has maintained its buy rating on Shree Cements (SCM) with a target of Rs 803. The research firm expects the earnings of SCM to grow at a CAGR of 17

  • Sun Pharma in poor health

    7th October, 2008 13:00

    At 12:53 pm, Sun Pharmaceutical Industries was quoting at Rs 1,370, down Rs 54.85, or 3.85%. It has touched an intraday high of Rs 1,431 and an intraday low of Rs

  • Exit Suzlon Energy, says Mohoni 

    7th October, 2008 12:56

    Technical Analyst, Deepak Mohoni is of the view that one should exit Suzlon Energy and park that money in to banks, pharma or if you take the petroleum stocks are

  • Buy TCS, target of Rs 950: Karvy

    7th October, 2008 12:47

    Karvy Stock Broking has recommended a buy rating on Tata Consultancy Services (TCS) with a target of Rs 950. The research firm expects TCS to report a sequential r

  • GAIL India among major gainers

    7th October, 2008 12:38

    GAIL India is among major gainers on the Nifty. At 12:33 pm, the share was quoting at Rs 265.05, up Rs 13.20, or 5.24%. It has touched an intraday high of Rs 267.5

  • Sona Koyo Q2 PAT seen at Rs 0.1 cr: Angel

    7th October, 2008 12:36

    Angel Broking has come out with its earning estimates on Auto Ancillary for the quarter ended September 2008. According to the research firm, Sona Koyo's September

  • Solid gain for Kalyani Steels

    7th October, 2008 12:25

    At 12:15 pm, Kalyani Steels was quoting at Rs 110, up Rs 6.30, or 6.08%. It has touched an intraday high of Rs 111 and an intraday low of Rs 105. It was trading wi

  • PN cap removal: Impact and outcome

    7th October, 2008 12:20

    The Securities and Exchange Board of India has decided to remove curbs on participatory notes, reversing its October 2007 decision. The move scraps the 40% cap of

  • Expect WPI to stabilise: India Capital Markets

    7th October, 2008 12:14

    India Capital Markets expects WPI to stabilise around current levels, however the prices of manufactured products holds the key.

  • Bosch India Sept '08 qtr PAT seen at Rs 133.3 cr: Angel

    7th October, 2008 12:01

    Angel Broking has come out with its earning estimates on Auto Ancillary for the quarter ended September 2008. According to the research firm, Bosch India's Septemb

  • Prism Cements Q1 net profit at Rs 15 cr

    7th October, 2008 11:58

    Prism Cements has announced its first quarter results. The company's Q1 net profit was down at Rs 15 crore versus Rs 52 crore.

  • Nano in Gujarat, Tatas likely to identify site in Charodi 

    7th October, 2008 11:53

    The Chief Minister of Gujarat Narendra Modi and Tata Motors Chairman Ratan Tata will hold a joint press conference at 5.30 pm today to announce the new Nano plant

  • Sadbhav Engg Sept qtr PAT seen at Rs 4.5cr: Angel Broking

    7th October, 2008 11:49

    Angel Broking has come out with its earning estimates on infrastructure sector for the quarter ended September 2008. According to the research firm, Sadbhav Engine

  • Nagarjuna Const Sept qtr PAT seen at Rs 33.8cr: Angel

    7th October, 2008 11:47

    Angel Broking has come out with its earning estimates on infrastructure sector for the quarter ended September 2008. According to the research firm, Nagarjuna Cons

  • IVRCL Infra Sept qtr PAT seen at Rs 38.4cr: Angel Broking

    7th October, 2008 11:44

    Angel Broking has come out with its earning estimates on infrastructure sector for the quarter ended September 2008. According to the research firm, IVRCL Infrastr

  • Jaipuria positive on banking stocks

    7th October, 2008 11:33

    Jyotivardhan Jaipuria, HOR of DSP Merrill Lynch is positive on banking stocks. They are interesting because they have come down in valuations, interest rates shoul

  • ‘P-notes curb removal, CRR cut signal new era at Sebi, RBI’ 

    7th October, 2008 11:31

    Siddharth Shah, Head of Funds Practice Group, Nishith Desai & Associates and Ajay Shah, Senior Fellow, NIPFP, feel the P-Notes curb removal signals a change of lea

  • Bharti to launch DTH Service, stock up

    7th October, 2008 11:25

    Bharti Airtel is among major gainers on the Sensex. At 11:16 am, the share was quoting at Rs 753.10, up Rs 23.45, or 3.21%. It has touched an intraday high of Rs 7

  • Alok Ind may sell eco-friendly textiles; stk at 52-week low

    7th October, 2008 11:22

    Alok Industries has touched a 52-week low of Rs 24.25. At 11:13 am, the share was quoting at Rs 24.50, down Rs 0.6, or 2.39%. The company may sell eco-friendly tex

  • ITC leads losers on Sensex

    7th October, 2008 11:13

    ITC is top loser on the Sensex. At 11:04 am, the share was quoting at Rs 169.10, down Rs 11, or 6.11%. It has touched an intraday high of Rs 182.80 and an intraday

  • Exit Jaiprakash Associates on rallies: Gujral 

    7th October, 2008 10:59

    Technical Analyst, Ashwani Gujral is of the view that one should exit Jaiprakash Associates on rallies at around Rs 120-125. It is probably a dead stock for a bit.

  • Buy Kotak Mahindra, Axis Bank, HDFC Bank: Gujral 

    7th October, 2008 10:53

    Technical Analyst, Ashwani Gujral is of the view that in the private sector bank one can buy Kotak Mahindra, Axis Bank and probably HDFC Bank. Kotak Mahindra Bank

  • Buy Gold Oct at around Rs 13230: India Infoline

    7th October, 2008 10:50

    India Infoline has recommended to Gold Oct at around Rs 13230 with target of Rs 13263, Rs 13300, Rs 13350.

  • Expect Infy, Satyam full-yr $-guidance to be lower: JPM 

    7th October, 2008 10:46

    With the earnings season round the corner, Bhavin Shah of JP Morgan expects Infosys and Satyam to bring their full year dollar guidance at a lower end. Infosys is

  • Sell Gur NCDEX Nov Fut at Rs 599.4: Hem

    7th October, 2008 10:44

    Hem Securities has recommended to sell Gur NCDEX November Future at Rs 599.4 per kilogram with a stoploss of Rs 604 per kilogram and a target of Rs 591.2 per kilog

  • Praj Industries has support at Rs 70: Gujral 

    7th October, 2008 10:39

    Technical Analyst, Ashwani Gujral is of the view that Praj Industries has support at Rs 70 and resistance at Rs 107-110. One can exit on rallies.

  • Chambal Fertilisers has support at Rs 37: Gujral 

    7th October, 2008 10:32

    Technical Analyst, Ashwani Gujral is of the view that Chambal Fertilisers has support at Rs 37. For an uptrend to resume it needs to get back above Rs 52.

  • NALCO bounces back

    7th October, 2008 10:27

    NALCO has bounced back today. At 10:18 am, the share was quoting at Rs 348, up Rs 13.85, or 4.14%. It was trading with volumes of 8,698 shares. Yesterday the share

  • Global events, earnings key triggers in near-term: DSP ML 

    7th October, 2008 10:21

    Jyotivardhan Jaipuria, Head of Research, DSP Merrill Lynch feels that the global events and earnings season are the key triggers in the near-term. Commenting on R

  • FIIs, experts unanimously cheer CRR cut

    7th October, 2008 10:15

    After the Reserve Bank of India, or RBI, cut the cash-reserve ratio, or CRR, by 50 basis points to 8.5% with effect October 11, in a bid to infuse Rs 20,000 crore

  • Buy PNB Oct Fut above Rs 490: ICICIdirect.com

    7th October, 2008 10:07

    ICICIdirect.com has recommended to buy Punjab National Bank (PNB) October Futures above Rs 490 with a stoploss of Rs 485 and target of Rs 501, Rs 507.

  • Buy Reliance Industries above Rs 1642: ICICIdirect.com

    7th October, 2008 10:00

    ICICIdirect.com has recommended to buy Reliance Industries above Rs 1642 with a stoploss of Rs 1640 and targets of Rs 1660/1700/higher.

  • Nifty has resistance at 3709: Hem

    7th October, 2008 09:55

    According to Hem Securities' Morning Note, Nifty is having resistance at 3663/3709 while Support is at 3581/3555 levels.

  • Nifty has support at 3525: Networth

    7th October, 2008 09:51

    According to Networth Stock Broking's Market Review report, the next visible support on Nifty's is around 3525 while a major resistance and a trend reversal level

  • Sensex has support at 11380: LKP Shares

    7th October, 2008 09:48

    According to LKP Shares' report, for BSE Sensex support is at 11575, 11480, 11380, 11040 and resistance is at 11940, 12150, 12500, 12900.

  • Nifty has support at 3540-3240: Nirmal Bang

    7th October, 2008 09:44

    According to Nirmal Bang's Morning Call, markets are in an oversold territory and support exits around 3540-3240 regions.

  • Expect flat opening: Anand Rathi

    7th October, 2008 09:42

    According to Anand Rathi Securities' report, due to the negative cues from internationl front and positive news from domestic front market likely to open flat.

  • Mkts end mixed amid extreme volatility; Nifty above 3600

    7th October, 2008 09:41

    Markets ended slightly mixed amid extreme choppiness. The Nifty managed to close above 3600 while the Sensex had struggled to claw back above 12000 mark but failed

  • Accumulate frontline stocks: Khandwala

    7th October, 2008 09:37

    According to Khandwala Securities' Market Preview report, one can accumulate frontline stocks, the research firm believes that the bulls would soon make a come bac

  • Unsure if CRR cut, PN move will help mkts: Kotak Sec  

    7th October, 2008 09:31

    R Venkat Subramanian of Kotak Securities is not sure whether the CRR cut or the P-note issue will affect the markets or not. He believes globally one has reached a

  • Nifty may correct upto 3516-3429: Angel

    7th October, 2008 09:27

    According to Angel Broking's Market Outlook report, if NIFTY trades below 3,668 for the first half-an-hour of trade then it may correct upto 3,516–3,429.

  • Nifty has support at 3600-3550: Karvy

    7th October, 2008 09:17

    According to Karvy Stock Broking's Technical Analysis report, supports for the day are placed at the 11700-11350/3600-3550 levels, while, resistances for the day a

  • Difficult to predict mkt direction 

    7th October, 2008 09:14

    It’s difficult to predict the market’s directions at this stage. The markets could either snap at the policy changes and jump higher, or they could come down owing

  • IT cos may report sequential topline growth in Q2

    7th October, 2008 09:09

    The Street expects the frontline Indian IT companies to post a sequential topline growth ranging between 5.5-9.5 per cent in the second quarter ended September 200

  • BSNL seeks Govt nod for expanding network in foreign shores

    7th October, 2008 09:05

    In a bid to expand its operations beyond India, State-owned Bharat Sanchar Nigma Ltd has approached the Government seeking permission to invest in the telecom sect

  • Alkali Metals IPO opens today for financing its 3rd plant

    7th October, 2008 09:01

    Alkali Metals Ltd is entering capital market with offer of 25,50,000 equity shares of Rs 10 each at a price band of Rs 90-105 to part fund the setting up of a new

  • Jubilant-Eli Lilly to forge JV; plans early stage drugs

    7th October, 2008 09:00

    Jubilant Organosys and Eli Lilly have agreed to forge a 50:50 joint venture for early stage drug development. The JV will be investing USD 8 million over three yea

  • Durable majors push premium products this festive season

    7th October, 2008 08:54

    Hit by high inflation and rising input costs, consumer durables majors are looking to boost sagging revenues by unleashing a slew of products in the premium-end ca

  • Support for Nifty at 3550-3400: Gujral

    7th October, 2008 08:52

    After the carnage of past few days we may see a technical rally till 3780-3800. But all these rallies will be sold off by those who are trapped. 3550-3400 is suppo

  • Freight fall may not benefit commodity imports

    7th October, 2008 08:48

    The fall in freight rates is unlikely to benefit commodity imports due to significant depreciation in value of rupee against dollar.

  • Buy MCX December at Rs 13275

    7th October, 2008 08:47

    In the case of gold, buy MCX December at Rs 13,275 per 10 grams, with a target of Rs 13,500 per 10 grams, says Harish.

  • Cardamom prices decline on heavy arrivals

    7th October, 2008 08:42

    Cardamom market witnessed marginal decline during last week on increased arrivals and inactive export enquiries at the auctions held in Kerala and Tamil Nadu.

  • Nifty likely to witness range of 3750-3450: Bhambwani

    7th October, 2008 08:31

    The coming session is likely to witness a range of 3750 on advances and 3450 on declines. The wide range is due to the high base effect of the Monday's session.

  • Equity calls: Mehta, Chhabria, Poddar 

    7th October, 2008 08:28

    The SEBI move to free up P-Notes will have minimal impact as there is counter party risk aversion in the market right now. Sentimentally though it could be seen as

  • F&O cues: Futures Open Interest down by Rs 1497 cr

    7th October, 2008 08:26

    F&O cues: Nifty Futures add 10 lakh shares in Open Interest, at 23-point premium. Futures Open Interest down by Rs 1,497 crore and Options Open Interest up by Rs 1

  • Stocks in news: DLF, HEG, Firstsource, Provogue

    7th October, 2008 08:21

    Stocks in news: DLF buyback will open on October 15. HEG buyback is open today. Provogue sold 3.6% stake in its Sub Prozone. Apax Capital, Blackstone are in race f

  • Dow closes below 10K first time in 4 years

    7th October, 2008 08:16

    In the US markets, the Dow Jones closed below the psychological 10000 mark for the first time in 4 years on fears that the credit crisis is spreading its tentacles

  • Southern Fuels to resume trading

    7th October, 2008 07:19

    Southern Fuels will relist on the BSE after reduction of capital. The issued, subscribed and paid-up equity capital of the company has been reduced by 90% to Rs 35

  • See 2-4% further downside for mkts: ODL Sec  

    7th October, 2008 19:33

    Sandy Jadeja, Chief Market Strategist and Head of Global Training, Odl Securities, sees more downside in October. "The Nifty and Sensex can bottom around 3,200-3,4

  • Oriental Bank Q2 PAT seen at Rs 204.8 cr: Angel

    7th October, 2008 18:59

    Angel Broking has come out with its earning estimates on Banking Sector for the quarter ended September 2008. According to the research firm, Oriental Bank of Comm

  • Buy gold, crude likely to head lower: Dani Commodities 

    7th October, 2008 18:53

    Kaushal Jani, Dani Commodities sees crude breaking USD 85-84 per barrel and USD 80 per barrel over a period of time. Jani is bullish on gold. He advises investors

  • Bank of India Q2 PAT seen at Rs 585.5 cr: Angel

    7th October, 2008 18:36

    Angel Broking has come out with its earning estimates on Banking Sector for the quarter ended September 2008. According to the research firm, Bank of India's Septe

  • Yes Bank Q2 PAT seen at Rs 62.9 cr: Angel

    7th October, 2008 18:33

    Angel Broking has come out with its earning estimates on Banking Sector for the quarter ended September 2008. According to the research firm, Yes Bank's September

  • Mkts end volatile, global selling continues 

    7th October, 2008 18:31

    It was a flat yet volatile session today. Lots of largecaps stocks have come under pressure. But the real problem is that the broader market continues to suffer fr

  • Buy engineering stocks with 6-8 months timeframe: Bhambwani 

    7th October, 2008 18:27

    Technical Analyst, Vijay Bhambwani is of the view that one can buy engineering & capital goods stocks at lower level with a minimum of 6-8 months timeframe.

  • Stay out of Gujarat NRE: Bhambwani 

    7th October, 2008 18:21

    Technical Analyst, Vijay Bhambwani is of the view that one should stay out of Gujarat NRE Coke.

  • Kinetic's bags gearbox order for Nano, may supply engines 

    7th October, 2008 18:08

    After shelving its plan of building a Rs 1 lakh car a decade ago, Kinetic bagged the gearbox order for the Tata Nano. It's next step could be making the whole engi

  • Rupee end lower, bonds higher

    7th October, 2008 18:00

    The spot rupee ended lower at Rs 47.88 per USD as against its previous close of Rs 47.81. The widely traded 8.24%, 2018 paper closed higher at Rs 100.84 as against

  • Parsvnath Q2 PAT seen at Rs 66 cr: KRChoksey

    7th October, 2008 17:20

    KRChoksey has come out with its earning estimates on Real Estate Sector for the quarter ended September 2008. According to the research firm, Parsvnath Developers'

  • Unitech Q2 PAT seen at Rs 289 cr: KRChoksey

    7th October, 2008 17:16

    KRChoksey has come out with its earning estimates on Real Estate Sector for the quarter ended September 2008. According to the research firm, Unitech's September q

  • DLF Q2 PAT seen at Rs 1709 cr: KRChoksey

    7th October, 2008 17:09

    KRChoksey has come out with its earning estimates on Real Estate Sector for the quarter ended September 2008. According to the research firm, DLF's September quart

  • Siemens has 5-7% downsides: Bhambwani 

    7th October, 2008 17:02

    Technical Analyst, Vijay Bhambwani is of the view that Siemens has a minimum of 5-7% downsides.

  • Oberoi Cecil, Shimla set up Himalayan Vacations

    7th October, 2008 16:57

    Oberoi Cecil, Shimla, Wildflower Hall introduce Himalayan Vacations. With the ‘Himalayan Vacations’ package The Oberoi Cecil, Shimla and Wildflower Hall, Shimla in

  • Ignore technology space: Dhawan 

    7th October, 2008 16:32

    Sajiv Dhawan of JV Capital Services is of the view that one should ignore technology space till results. Too many people have been trying to play the sector based

  • Topper invites students to be a Winner @Topper

    7th October, 2008 16:27

    Topper invites students from around the country to Be a Winner @Topper. Topper, India’s first curriculum based TV channel has launched a nationwide inter school on

  • Reliance Ind Sept qtr PAT seen at Rs 3328.3cr: Angel

    7th October, 2008 16:15

    Angel Broking has come out with its earning estimates on Oil & Gas for the quarter ended September 2008. According to the research firm, Reliance Industries' Septe

  • Expert strategies to adopt in volatile mkts 

    7th October, 2008 16:09

    It was an extremely volatile outing for the markets. Sajiv Dhawan, JV Capital Services feels that we are in a very unique situation. “Based on valuations and the c

  • See 50 bps rate cut from BoE on Oct 9: nabCapital 

    7th October, 2008 15:57

    Nick Parsons, Head-Market Strategy of nabCapital said he expects BoE, for instance, to cut rates by 50-bps on Thursday with a likelihood of another 50-bps to follo

  • Cambridge Sol locked at 5% upper circuit

    7th October, 2008 15:51

    Cambridge Solutions is locked at 5% upper circuit. At 3:40 pm, the share was quoting at Rs 65.45, up Rs 3.10. It has touched an intraday high of Rs 65.45 and an in

  • Opto Circuits drops European acquisition plan; stk down

    7th October, 2008 15:46

    Opto Circuits has touched a 52-week low of Rs 197. At 3:36 pm, the share was quoting at Rs 204.45, down Rs 15.85, or 7.19%. The company has dropped proposed Europe

  • Mkt could break 3,550 level in short run: Sharekhan 

    7th October, 2008 15:34

    Hemang Jani, Senior Vice President, Sharekhan, views the short-term as negative and feels it there should be no surprise if 3.550 level is broken on the Nifty in t

  • IVRCL Infra bags order worth Rs 499 cr; stock down

    7th October, 2008 15:01

    IVRCL Infrastructure and Projects has touched a 52-week low of Rs 174.05. At 2:50 pm, the share was quoting at Rs 189, down Rs 10.3, or 5.17%. The company has bagg

  • Block deal in India Cements, stk hits 52-week low

    7th October, 2008 15:00

    India Cements has touched a 52-week low of Rs 103.25. At 2:53 pm, the share was quoting at Rs 105, down Rs 2.75, or 2.55%. There was a block deal of 11.70 lakh Ind

  • Welspun Gujarat strikes 52-week low

    7th October, 2008 14:56

    Welspun Gujarat Stahl Roh has touched a 52 week low of Rs 190. At 2:45 pm, the share was quoting at Rs 191.70, down Rs 28.1, or 12.78%. It was trading with volumes

  • Some signs of buying at lower levels pretty encouraging 

    7th October, 2008 14:53

    The market is very volatile this afternoon. Udayan Mukherjee feels that markets are going down under once again and from there a small recovery has been struck out

  • Axis Bank has support at Rs 534: HDFC Securities

    7th October, 2008 14:47

    According to HDFC Securities, Axis Bank has support at Rs 534 and resistance at Rs 930.

  • Turtle now at 1000 retail points spread across 400 cities

    7th October, 2008 14:40

    Turtle creates footprints at 1000 retail points across 400 cities. This is in keeping with the company’s strategy to establish a pan Indian presence and image and

  • TCS Q2 PAT seen at Rs 1409 cr: KRChoksey

    7th October, 2008 14:39

    KRChoksey has come out with its earning estimates on information technology sector for the quarter ended September 2008. According to the research firm, Tata Consu

  • Infosys Q2 PAT seen at Rs 1403 cr: KRChoksey

    7th October, 2008 14:34

    KRChoksey has come out with its earning estimates on information technology sector for the quarter ended September 2008. According to the research firm, Infosys Te

  • HDFC Bank extends losses

    7th October, 2008 14:25

    At 2:15 pm, HDFC Bank was quoting at Rs 1,126, down Rs 75.9, or 6.32%. It has touched an intraday high of Rs 1,245 and an intraday low of Rs 1,095. It was trading

  • Keep Rs 335 stoploss in Tata Steel: Mohoni 

    7th October, 2008 14:20

    Technical Analyst, Deepak Mohoni is of the view that in Tata Steel one can keep Rs 335 stoploss. If Rs 335 holds out and we get some sort of a good bounce from her

  • Siemens loses further ground

    7th October, 2008 14:16

    Siemens has touched a 52-week low of Rs 353. At 2:06 pm, the share was quoting at Rs 355, down Rs 29.65, or 7.71%. It was trading with volumes of 109,546 shares. Y

  • CTT not to be notified this fiscal: Fin Min Sources

    7th October, 2008 14:14

    Finance Ministry sources said the commodity transaction tax, or CTT, rates are unlikely to be notified this fiscal, reports CNBC-TV18. Finance Minister P Chidambar

  • See no impact of P-Notes liberalisation: Jamal Mecklai 

    7th October, 2008 14:07

    Jamal Mecklai, CEO of Mecklai Financials & Commercial Services feels that P-Notes liberalisation is not going to make any difference. According to Mecklai, the CRR

  • GAIL Sept qtr PAT seen up at Rs 849.8cr: Angel Broking

    7th October, 2008 13:46

    Angel Broking has come out with its earning estimates on Oil & Gas for the quarter ended September 2008. According to the research firm, GAIL's September quarter s

  • Sterlite Ind top loser on the Nifty

    7th October, 2008 13:44

    Sterlite Industries is the top loser on the Nifty. It has touched a 52 week low of Rs 311. At 1:40 pm, the share was quoting at Rs 313.95, down Rs 21.55, or 6.42%.

  • Gujarat Gas Sept qtr PAT seen at Rs 28.8cr: Angel Broking

    7th October, 2008 13:42

    Angel Broking has come out with its earning estimates on Oil & Gas for the quarter ended September 2008. According to the research firm, Gujarat Gas Company's Sept

  • Indraprastha Gas Sept qtr PAT seen up at Rs 46.5cr: Angel

    7th October, 2008 13:39

    Angel Broking has come out with its earning estimates on Oil & Gas for the quarter ended September 2008. According to the research firm, Indraprastha Gas's Septemb

  • RBI improves liquidity by cutting CRR: Chakraborty

    7th October, 2008 13:33

    Mr Amitabh Chakraborty's of Religare Securities Limited said that RBI is facing unprecedented challenges today. Liquidity has virtually dried up, especially intra-

  • Tata Motors gears up

    7th October, 2008 13:12

    At 1:01 pm, Tata Motors was quoting at Rs 319.50, up Rs 5.65, or 1.80%. It has touched an intraday high of Rs 325.80 and an intraday low of Rs 316. The company is

  • IDBI targets 25% FY09 credit growth offtake 

    7th October, 2008 13:00

    Yogesh Agarwal, Chairman and Managing Director of IDBI doesn't see credit growth growing faster than the current levels. "RBI response is encouraging and will inje

  • SAIL back on track

    7th October, 2008 12:59

    At 12:49 pm, Steel Authority of India, SAIL was quoting at Rs 115.30, up Rs 5.95, or 5.44%. It has touched an intraday high of Rs 116.40 and an intraday low of Rs

  • NALCO recovers sharply

    7th October, 2008 12:51

    At 12:41 pm, National Aluminium Company, NALCO was quoting at Rs 351.65, up Rs 17.50, or 5.24%. It has touched an intraday high of Rs 365.55 and an intraday low of

  • Subros Q2 PAT seen at Rs 7.2 cr: Angel

    7th October, 2008 12:40

    Angel Broking has come out with its earning estimates on Auto Ancillary for the quarter ended September 2008. According to the research firm, Subros' September qua

  • Buy Infosys, target of Rs 2000: Karvy

    7th October, 2008 12:37

    Karvy Stock Broking has maintained its buy rating on Infosys Technologies with a target of Rs 2000. Infosys for Q2FY09 is likely to report a sequential revenue gro

  • Rico Auto Q2 cons PAT seen at Rs 4.1 cr: Angel

    7th October, 2008 12:28

    Angel Broking has come out with its earning estimates on Auto Ancillary for the quarter ended September 2008. According to the research firm, Rico Auto's September

  • Petronet LNG Sept qtr PAT seen at Rs 80.1cr: Angel Broking

    7th October, 2008 12:21

    Angel Broking has come out with its earning estimates on Oil & Gas for the quarter ended September 2008. According to the research firm, Petronet LNG's September q

  • Motherson Sumi Q2 cons PAT seen at Rs 42.3 cr: Angel

    7th October, 2008 12:19

    Angel Broking has come out with its earning estimates on Auto Ancillary for the quarter ended September 2008. According to the research firm, Motherson Sumi's Sept

  • FAG Bearing Sept '08 qtr PAT seen at Rs 22.3 cr: Angel

    7th October, 2008 12:09

    Angel Broking has come out with its earning estimates on Auto Ancillary for the quarter ended September 2008. According to the research firm, FAG Bearing's Septemb

  • Exide Ind Q2 PAT seen at Rs 68.1 cr: Angel

    7th October, 2008 12:00

    Angel Broking has come out with its earning estimates on Auto Ancillary for the quarter ended September 2008. According to the research firm, Exide Industries' Sep

  • Bharat Forge Q2 cons net profit seen at Rs 75.4 cr: Angel

    7th October, 2008 11:57

    Angel Broking has come out with its earning estimates on Auto Ancillary for the quarter ended September 2008. According to the research firm, Bharat Forge's Septem

  • Simplex Infra Sept qtr PAT seen at Rs 27.8cr: Angel Broking

    7th October, 2008 11:50

    Angel Broking has come out with its earning estimates on infrastructure sector for the quarter ended September 2008. According to the research firm, Simplex Infras

  • Pratibha Inds Sept qtr PAT seen at Rs 3.7cr: Angel Broking

    7th October, 2008 11:48

    Angel Broking has come out with its earning estimates on infrastructure sector for the quarter ended September 2008. According to the research firm, Pratibha Indus

  • Madhucon Proj Sept qtr PAT seen at Rs 12.8cr: Angel Broking

    7th October, 2008 11:45

    Angel Broking has come out with its earning estimates on infrastructure sector for the quarter ended September 2008. According to the research firm, Madhucon Proje

  • HCC Sept qtr PAT seen at Rs 11.4cr: Angel Broking

    7th October, 2008 11:43

    Angel Broking has come out with its earning estimates on infrastructure sector for the quarter ended September 2008. According to the research firm, Hindustan Cons

  • Hindustan Zinc plunges 14%

    7th October, 2008 11:33

    Hindustan Zinc has touched a 52-week low of Rs 315.45. At 11:23 am, the share was quoting at Rs 320, down Rs 54, or 14.44%. It was trading with volumes of 43,464 s

  • Block deal in Idea Cellular, stock down

    7th October, 2008 11:29

    Idea Cellular has touched a 52-week low of Rs 66.50. At 11:19 am, the share was quoting at Rs 68.50, down Rs 0.85, or 1.23%. It was trading with volumes of 10,838,

  • Avoid Sterlite Industries: Subramanian 

    7th October, 2008 11:23

    R Venkat Subramanian, Head - Alternate Investments Group at Kotak Securities is of the view that one can ignore Sterlite Industries.

  • Buy RIL for trading bounce: Subramanian 

    7th October, 2008 11:20

    R Venkat Subramanian, Head - Alternate Investments Group at Kotak Securities is of the view that one can buy Reliance Industries for trading bounce. But you have t

  • Sell ITC at Rs 180: Gujral 

    7th October, 2008 11:00

    Technical Analyst, Ashwani Gujral is of the view that one should sell ITC at Rs 180. It’s a good idea to book some profits if somebody got into Hindustan Unilever

  • Expect Infy, Satyam full-yr $-guidance to be lower: JPM

    7th October, 2008 10:58

    With the earnings season round the corner, Bhavin Shah of JP Morgan expects Infosys and Satyam to bring their full year dollar guidance at a lower end. Infosys is

  • Fed may cut rates by at least 50 bps over next 2 meets: JPM 

    7th October, 2008 10:52

    David G Fernandez of JPMorgan said the Fed is likely to cut rates by at least 50 bps each over the next two meetings. Also, he expects central banks across the wor

  • Larsen tumbles 5%

    7th October, 2008 10:48

    At 10:44 am, Larsen and Toubro was quoting at Rs 1,030, down Rs 53.95, or 4.98%. It has touched an intraday high of Rs 1,125 and an intraday low of Rs 1,026. It w

  • Balrampur Chini may test Rs 85: Gujral 

    7th October, 2008 10:45

    Technical Analyst, Ashwani Gujral feels that on the bounce back Balrampur Chini may test Rs 85. It’s standing right at support Rs 68-70.

  • Sell Pepper-Nov at Rs 12875-12900: India Infoline

    7th October, 2008 10:40

    India Infoline has recommended to sell Pepper-Nov at Rs 12875-12900 with a stoploss of Rs 13027 and target of Rs 12740, Rs 12617, Rs 12480.

  • JSW Steel may slip to Rs 290: Gujral 

    7th October, 2008 10:34

    Technical Analyst, Ashwani Gujral is of the view that JSW Steel can go as low as about Rs 290 before it finds significant support and resistance here could be clos

  • See Nifty’s final target at 3000-3200 levels: Gujral 

    7th October, 2008 10:30

    According to technical analyst Ashwan Gujral, the 3,600 level was 50% retracement of the entire bull market. “I think a pullback could lead up to 3,760 to about 3,

  • ONGC top gainer on the Sensex

    7th October, 2008 10:24

    ONGC is the top gainer on the Sensex. At 10:15 am, the share was quoting at Rs 1,027, up Rs 46.90, or 4.79%. It was trading with volumes of 18,335 shares. Yesterda

  • Indian GDRs: L&T slips 29%, Sterlite down 17%

    7th October, 2008 10:16

    Indian GDRs: Dr. Reddys was down 8.89% at USD 9.84, GAIL slipped 10.54% at USD 31.1, Grasim Ind lost 6.73% at USD 35.63, ICICI Bank plunged 9.35% at USD 20.66, Inf

  • Block deal in DCB; stk up 3.4%

    7th October, 2008 10:09

    At 10 am, Development Credit Bank, DCB was quoting at Rs 31.20, up Rs 1.05, or 3.48%. There was a block deal of 10.06 lakh DCB shares on NSE at Rs 31.65 per share,

  • ICICI Bank minting money on CRR cut decision

    7th October, 2008 10:02

    At 09:58 am, ICICI Bank was quoting at Rs 513.50, up Rs 23.45, or 4.79% on the NSE. The RBI has cut the cash reserve ratio, or CRR, by 50 bps to 8.5% with effect O

  • DLF up 4.5% on buyback news

    7th October, 2008 09:59

    At 09:56 am, DLF was quoting at Rs 315.20, up Rs 13.75, or 4.56% on the NSE. The company's buyback is going to open on October 15. This offer is to buy minimum 55

  • Fed offers banks $900bn cash loans to infuse liquidity

    7th October, 2008 09:55

    In a bid to inject liquidity in the cash-starved market, the Federal Reserve offered to provide USD 900 billion in cash loans to the squeezed banks. The Fed tried

  • Expect markets to open flat: HDFC Securities

    7th October, 2008 09:50

    According to HDFC Securities' Morning Note, expect the Markets to open flat to marginally up & rise further during the day on account of ease in P-note restriction

  • Nifty Futures have support at 3580: Anand Rathi

    7th October, 2008 09:46

    According to Anand Rathi Securities' report, Nifty futures have support around 3580 levels which can be treated as stop loss levels for trading long positions.

  • Sensex has support at 11590-11390: ICICIdirect.com

    7th October, 2008 09:44

    According to ICICIdirect.com's report, the Sensex has supports at 11590 and 11390 and resistances at 11870 and 12010.

  • US markets finish below 10000 

    7th October, 2008 09:42

    US stocks joins European and Asian market in a global free fall. The government’s $ 700 billion bailout for banks might not be enough to prevent a recession in

  • Nifty has support at 3515: Anand Rathi

    7th October, 2008 09:40

    According to Anand Rathi Securities' Technical Analysis report, the Nifty has a support at the 3515 followed by 3430. The resistance levels to watch would be 3755

  • FIIs net sell Rs 1010 cr in Nifty futures 

    7th October, 2008 09:36

    Nifty futures added 10 lakh shares in Open Interest and ended at 23-point premium. Nifty Open Interest PCR declined at 0.79 versus 0.90. Nifty 3600 Put added 13 la

  • Sensex may fall upto 11440: Angel

    7th October, 2008 09:31

    According to Angel Broking's Technical Analysis report, if the indices trades convincingly below 11730/3582 levels, then a further fall up to 11440/3500 levels is

  • Sell NSE USDINR (Oct) below 47.7: Anagram

    7th October, 2008 09:23

    According to Anagram Research's report, one can sell NSE USDINR (Oct) below 47.7 with a stoploss of 47.9 and target of 47.35.

  • Hunt for Nano site on; Tata Motors surveys sites in AP 

    7th October, 2008 09:16

    West Bengal's loss could be Andhra Pradesh's gain. The AP government has joined the race to get the coveted Nano plant to their state. A team from Tata Motors led

  • Expect recovery after initial fall: Anagram

    7th October, 2008 09:12

    According to Anagram Research's report, if nothing untoward happens in Europe, a recovery after initial fall should be a good place for traders to build long posit

  • Rupee breaches 48 per dollar

    7th October, 2008 09:09

    Rupee has breached 48 per dollar. It is weakest since January 2003. It is currently trading at Rs 47.92 per dollar.

  • Select stocks may recover today: Mohoni

    7th October, 2008 09:04

    European markets tumbled last night, and the US indices also made big losses, though they closed well above their lows. Asian markets are mixed this morning, and t

  • Nifty may slip to 3200: H Jain

    7th October, 2008 09:00

    Since we are in an extremely oversold market, you should expect some bounce back but bounce shall be short lived and one shall use the rise to sell. On the downsid

  • Support for Sensex at 11150: Gaba

    7th October, 2008 08:55

    The support for the Sensex is 11150 and the resistance to the up move is at 12382- 12783.

  • Money calls: Gurumurthy, Nanivadekar

    7th October, 2008 08:54

    CRR cut came in as a positive surprise. While its too early to construe this as a rate signal, in short-run it is positive for bonds. We may test and possibly brea

  • Buy Punj Lloyd says S Verma 

    7th October, 2008 08:52

    Sanju Verma of HDFC Securities is of the view that one should buy Punj Lloyd as it is trading at a steep discount even in terms of market cap to order book.

  • See integrated rate cuts by world central bks: Asia Pac AMC 

    7th October, 2008 08:48

    Speaking to CNBC-TV18 James Chirnside, CIO at Asia Pac Asset Mgmt says if one has an allocation plan of over 12 months then it is a good idea to stat putting littl

  • Mills can have custom grown wheat from Down Under

    7th October, 2008 08:45

    With Australia ending the monopoly of AWB Ltd from July 1 this year, Indian roller flour mills can now custom grow wheat in Australia.

  • 20 Microns witnesses 55 bulk deals on bourses

    7th October, 2008 08:38

    20 Microns closed at Rs 33.65 on the NSE, at a huge discount of 38.82% to its issue price of Rs 55. The stock has witnessed 55 bulk deals on the bourses on Monday

  • Oil prices at lowest level since Feb 

    7th October, 2008 08:29

    Oil prices will continue to plummet as long as stocks continue to tank. We are looking at oil prices at the lowest levels that we have seen since February. That’s

  • Crude at $88.84/bbl

    7th October, 2008 08:26

    Crude prices plummeted to their eight-month low to trade at about USD 88 per barrel. The dip was due to expectations that the growing financial crisis will further

  • Market cues: FIIs net sell $259.3 mn

    7th October, 2008 08:24

    Market cues: FIIs net sell $259.3 million in equity. MFs net sell Rs 342.8 crore in equity.

  • Indian ADRs: Sterlite slips 17%, HDFC Bk down 12.7%

    7th October, 2008 08:19

    Indian ADRs: Sterlite, HDFC Bank, ICICI Bank, Dr Reddys, Patni, Tata Motors, MTNL, Satyam, Infosys and Wipro plunged.

  • Asia markets end mixed

    7th October, 2008 08:09

    Asian markets ended mixed. China's Shanghai Composite declined 0.73% or 15.899 points at 2,157.839. Japan's Nikkei plunged 3.03% or 317.19 points at 10,155.90. How

  • MF NAVs see sharp cut as mkts butchered

    7th October, 2008 00:44

    Equity diversified NAVs saw sharp cut and ended with negative advance:decline ratio of 217, as big carnage was seen on the Dalal Street. Metal and realty stocks go

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