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Moneycontrol News Archive : 11 September, 2008

  • 20 Microns IPO subscribed 4.29 times

    11th September, 2008 22:13

    The initial public offering of 20 Microns, has received bids for 1,86,63.800 shares as against issue size of 43,50,632 shares and got subscribed 4.29 times.

  • Mkts crumble on weak global cues 

    11th September, 2008 21:33

    It was another bad day for the market. We started weak and then kept on slipping through the course of the trading day and finally closed 110 points on the Nifty a

  • See Nifty bottoming out at 4k: India Infoline 

    11th September, 2008 20:46

    Sandeepa Arora of India Infoline, sees the Nifty trading ranged between 4,200 and 4,500. "The index can bottom out at 4,000 if there isn’t any extremely bad news o

  • Adelantex signs contract with Four Soft

    11th September, 2008 20:04

    Four Soft (4S), global leader offering software solutions for transportation and logistics industry, announced that Adelantex, a Belgium based freight forwarder an

  • BMC Performance Manager gets certification

    11th September, 2008 19:40

    BMC Software announced that BMC Performance Manager for Servers is among the very first IT systems management products to receive the Microsoft Windows Server 2008

  • Sasken’s 06-07 Annual Report has won Platinum Award

    11th September, 2008 19:34

    Sasken Communication Technologies Limited, leading Indian communications solutions company, announced that their Annual Report for financial year 2006-07 has won t

  • NelsonHall: AppLabs as largest software testing Co

    11th September, 2008 19:25

    NelsonHall, the leading analyst and advisory firm, in its latest report covering more than 20 software testing services providers, has established AppLabs as the n

  • NCDEX- Trade details for September 11, 2008

    11th September, 2008 19:19

    At NCDEX, 1,577 users participated in trading on September 11, 2008 up to 5:00 pm and volumes were Rs 2,017 crore (one-way). There were more than 62,114 trades p

  • IATA, EUROCONTROL & CANSO commit to Efficiency Plan

    11th September, 2008 19:10

    The International Air Transport Association signed a three-party commitment to a Flight Efficiency Plan with EUROCONTROL, and Civil Air Navigation Services Organis

  • HDFC Long Term Equity buys engg; sells telecom

    11th September, 2008 19:01

    HDFC Long Term Equity Fund increased its coverage to engineering & capital goods, while pared its exposure to telecom and oil & gas sectors.

  • Political, earning concerns behind RIL downfall 

    11th September, 2008 18:53

    The markets have been falling for three days now and one of the main culprits is the Reliance Industries stock. It has fallen below the Rs 2000 mark for the first

  • HDFC Top 200 Fund bets on IT

    11th September, 2008 18:40

    HDFC Top 200 Fund has increased weightage to IT. It bought 11.19 lakh shares of Amtek auto and 5 lakh shares of Hindustan Unilever. However, it has sold 2.51 lakh

  • Don’t see Nifty breaching 4,500 soon: Fullermoney.com 

    11th September, 2008 18:32

    Eoin Treacy, Global Strategist, Fullermoney.com, said India is at a lower level of risk of big drawdowns than other markets in the region because of its relatively

  • Nifty ends below 4300: Nirmal Bang

    11th September, 2008 18:23

    According to Nirmal Bang's After Market report, the broader Nifty ended below 4300 at 4290 down 109 points or 2.5 %.

  • HomeShop18 conferred 'Amity HR Excellence Award'

    11th September, 2008 18:14

    HomeShop18, India’s first 24 hour shopping channel has been honoured with the Amity HR Excellence Award for the year 2008

  • Aviva Life Insurance increases capital base by Rs 344.3cr

    11th September, 2008 18:07

    Aviva Life Insurance announced an increase in its capital base by Rs 344.3 crores, taking the total paid-up capital to Rs 1,348.8 crores. The fresh infusion will h

  • Alok Industries signs MOU with Zameen Organic

    11th September, 2008 17:55

    Alok Industries Ltd., one of the leading integrated textile companies in India has entered into an MOU with Zameen Organic Pvt. Ltd. for developing and promoting o

  • Suzlon Energy adds 8 lakh shares in OI 

    11th September, 2008 17:46

    The Nifty premium holding but there has been a fair bit of cash selling which has accounted for that premium not going down significantly. Turnover at Rs 50000 cro

  • Sell MCX Copper (Nov) below 309: Anagram

    11th September, 2008 17:42

    Anagram Research has recommended to sell MCX Copper (Nov) below 309 with a stoploss of 312 in its September 11, 2008 report.

  • Silver declines 29% in last 10 days 

    11th September, 2008 17:32

    Silver prices have declined 29% in just last 10 days, and the base metal prices the declines have been much sharper there because we have seen most of these base m

  • Buy Varun Shipping Co,target of Rs 96: LKP Shares

    11th September, 2008 17:15

    LKP Shares has maintained its buy rating on Varun Shipping Company (VSL) with a target of Rs 96. The research firm expects VSL to post an EPS of Rs 11 and Rs 13 fo

  • Stocks that hits 52-week lows in today's trade

    11th September, 2008 17:07

    It was an awful day for Indian equity market. This was third consecutive fall in this week after Monday’s surge. Due to this selling pressure, 97 shares on BSE hav

  • Buy IFCI with target of Rs 51-53 says Bose 

    11th September, 2008 16:51

    Technical Analyst, Rajat K Bose is of the view that one can buy IFCI with target of Rs 51-53.

  • The new Companies Bill: What can we hope for?

    11th September, 2008 16:45

    The 1956 Companies Act is getting spruced up, it is an old piece of legislation and its finally set to change, the new Companies Bill is moved to the Parliament la

  • Maintain guidance of 50% sales growth in FY09: Jubilant Org 

    11th September, 2008 16:42

    R Sankaraiah, ED, Jubilant Organosys said the company would benefit from the weakening rupee as 56% of its sales is in the international markets. However he still

  • Softening freight to impact dry bulk carriers: SCI 

    11th September, 2008 16:41

    S Hajra, CMD, Shipping Corporation of India feels that after the Baltic Dry Index fall, the current situation has softened a bit in charter and freight markets. "T

  • ONGC has support at Rs 991-1010: Bose 

    11th September, 2008 16:39

    Technical Analyst, Rajat K Bose is of the view that Oil and Natural Gas Corporation, ONGC has support between range of Rs 991-1010.

  • Ashirvad Pipes awarded 'National Award 2007'

    11th September, 2008 16:37

    Bangalore based Ashirvad Pipes awarded 'National Award 2007' for 'Outstanding Entrepreneurship in Medium Enterprises' by Hon'ble Prime Minister. The function was

  • Buy Hero Honda: Motilal Oswal

    11th September, 2008 16:30

    Motilal Oswal has maintained its buy rating on Hero Honda in its September 2, 2008 research report.

  • Fidelity announces NFO for its FMP-Series 1 Plan C

    11th September, 2008 16:22

    Fidelity Asset Management Company, the Indian arm of Fidelity International, announced the NFO of its Fidelity Fixed Maturity Plan, Series 1 - Plan C with a durati

  • Mkt to trade rangebound till 13,700 breaks: Dipan Mehta 

    11th September, 2008 16:18

    Dipan Mehta, Member, BSE & NSE, said the markets will continue to trade rangebound as long as the earlier lows of 13,700 on the Sensex and about 4,150 on the Nifty

  • Nakheel reports threefold increase in sales

    11th September, 2008 16:09

    Nakheel, a Dubai World company and one of the world’s largest and most innovative real estate developers, today announced that 2008 sales to date are showing a thr

  • Fitch: Indian oil sector subsidies need a serious re-think

    11th September, 2008 15:55

    Fitch Ratings has today commented that higher world oil prices coupled with increasing demand in India have led to a situation where the oil subsidy policy - the w

  • GurukulOnline Learning Solutions gets accredited by FPSB

    11th September, 2008 15:45

    GurukulOnline Learning Solutions gets accredited by Financial Planning Standards Board, India to provide Education for Certified Financial Planner certification

  • Shree Renuka-HPCL ink MoU for sugar-ethanol unit 

    11th September, 2008 15:40

    Shree Renuka Sugars forged a tie-up with Hindustan Petroleum Corporation Limited (HPCL) to set up an integrated sugar-cum-ethanol plant. Narendra Murkumbi of Shree

  • Add Apollo Tyre; target price of Rs 43: IIFL

    11th September, 2008 15:30

    IIFL has downgraded Apollo Tyre from buy to add, as the stock’s recent rally has reduced the upside.

  • Buy Britannia; target price of Rs 1765: IIFL

    11th September, 2008 15:26

    IIFL has recommeded buy rating on Britannia with a target price of Rs 1765, September 11, 2008 report.

  • Add Rel Comm; target of Rs 529: IIFL

    11th September, 2008 15:22

    IIFL has downgraded Reliance Communication's FY09 earnings by 21%; recommended to add the stock with target price of Rs 529.

  • MphasiS announces key appointments to leadership team

    11th September, 2008 15:19

    MphasiS, an EDS Company today announced two key appointments to its leadership team. The appointments have been made to head two of its core business units – Appli

  • Sell Sesa Goa, target of Rs 117: Motilal Oswal

    11th September, 2008 15:18

    Motilal Oswal has recommended a sell rating on Sesa Goa with a target price of Rs 117, reports CNBC-TV18.

  • Bharti Airtel has support at Rs 780: Bhambwani 

    11th September, 2008 15:13

    Technical Analyst, Vijay Bhambwani is of the view that Bharti Airtel has support at Rs 780. Should it actually start trading consistently below this threshold, the

  • GMR Infra considers demerger of power biz; stk dips further

    11th September, 2008 15:11

    At 3 pm, GMR Infrastructure was quoting at Rs 97.70, down Rs 1.35, or 1.36%. It has touched an intraday high of Rs 98.80 and an intraday low of Rs 96.25.

  • Reliance can slip to Rs 1880-1920: Bhambwani

    11th September, 2008 15:05

    Technical Analyst, Vijay Bhambwani is of the view that once Reliance Industries is broken forcefully on heavier volumes then it can slip to Rs 1880-1920.

  • Buy Reliance Industries at Rs 2000: Bharathan 

    11th September, 2008 15:00

    Seshadri Bharathan of Dawnay Day AV Financial Services is of the view that one can buy Reliance Industries at Rs 2000. There might be some delay in KG gas producti

  • SAIL setting up 4 steel processing units; stk down

    11th September, 2008 14:57

    At 2:48 pm, Steel Authority of India, SAIL was quoting at Rs 136.40, down Rs 3.75, or 2.68%. It has touched an intraday high of Rs 139.50 and an intraday low of Rs

  • Reliance Industries looks weak: A Madan 

    11th September, 2008 14:50

    Ashu Madan, National Head of Religare is of the view that Reliance is looking weak. Considering the current movement it has clearly underperformed the market. Goin

  • Nifty 4400 Call adds 8 lakh shares in OI 

    11th September, 2008 14:43

    Nifty Futures’ 4400 Call has added 8 lakh shares in OI. 4500 Call adds 7 lakh shares in OI. 4400 Put sheds 8.5 lakh shares in OI. 4300 Put sheds 4.5 lakh shares in

  • Add Sterlite Industries, target of Rs 650: IIFL

    11th September, 2008 14:38

    IIFL has downgraded its rating on Sterlite Industries (India) from buy to add with a 12 month target price of Rs 650. Sterlite Industries will transfer its interes

  • A Madan neutral on Pioneer Embroiders 

    11th September, 2008 14:29

    Ashu Madan, National Head of Religare is neutral on Pioneer Embroiders. One can look for opportunities and some kind of bounce back because of some positive news f

  • Invest in HUL, Bharti when mkts fall: Dawnay Day 

    11th September, 2008 14:25

    Sheshadri Bharatan of Dawnay Day AV Financial Services said the market is taking its cues from the global markets. He said, "One can look at some quality stocks li

  • Stay away from Madras Aluminium: Madan 

    11th September, 2008 14:24

    Ashu Madan, National Head of Religare is of the view that one should stay away from Madras Aluminium.

  • Madras Aluminium has support at Rs 160-180: Mathew 

    11th September, 2008 14:07

    Technical Analyst, E Mathew is of the view that Madras Aluminium has support at Rs 160-180. If one could get the stock at around at Rs 155-160 levels, it’s certain

  • Zee Entertainment puts on a poor show

    11th September, 2008 14:02

    At 1:53 pm, Zee Entertainment Enterprises was quoting at Rs 226.50, down Rs 7.45, or 3.18%. It has touched an intraday high of Rs 234.50 and an intraday low of Rs

  • NTPC faces design-related problem in Dabhol, stock down

    11th September, 2008 13:57

    At 1:47 pm, NTPC was quoting at Rs 172.80, down Rs 5.4, or 3.03%. It has touched an intraday high of Rs 177.70 and an intraday low of Rs 172.45. The company is fac

  • See inflation for Aug 30 week at 11.92%: Axis Bank 

    11th September, 2008 13:54

    Saugata Bhattacharya, Economist, Axis Bank, sees inflation number for the week-ended August 30 at 11.92%. He expects the Index of Industrial Production, or IIP, nu

  • Accumulate Sterlite Ind between Rs 450-470: Mathew 

    11th September, 2008 13:47

    Technical Analyst, E Mathew is of the view that one can accumulate Sterlite Industries between Rs 450-470.

  • Indian Hotels up on buzz of launching 50 hotels

    11th September, 2008 13:44

    At 1:35 pm, Indian Hotels Company was quoting at Rs 77.25, up Rs 1.20, or 1.58%. The company has launched a new brand of hotels called Gateway Hotels. It is planni

  • Texas Instruments launches Piccolo microcontrollers

    11th September, 2008 13:39

    Texas Instruments launches Piccolo microcontrollers that bring greater energy efficiency to cost-sensitive applications.

  • Block deals in Apollo Tyres, stock up

    11th September, 2008 13:19

    At 1:11 pm, Apollo Tyres was quoting at Rs 39.40, up Rs 1.65, or 4.37%. It has touched an intraday high of Rs 39.90 and an intraday low of Rs 37.20. There were blo

  • GM India creates new Marketing Entity

    11th September, 2008 13:01

    General Motors India, the wholly-owned subsidiary of General Motors Corporation that manufactures and sells Chevrolet products in India, today announced the creati

  • Indiabulls continues to slide

    11th September, 2008 12:49

    At 12:39 pm, Indiabulls Financial Services was quoting at Rs 238 down Rs 14.05, or 5.57%. It has touched an intraday high of Rs 249 and an intraday low of Rs 237.2

  • Bharti Airtel losses further ground

    11th September, 2008 12:45

    At 12:36 pm, Bharti Airtel was quoting at Rs 785.80, down Rs 26.15, or 3.22%. It has touched an intraday high of Rs 812 and an intraday low of Rs 783. It was tradi

  • Indian Hotels launches Gateway Hotel 

    11th September, 2008 12:41

    Indian Hotels has launched a new brand of hotels called Gateway Hotels, reports CNBC-TV18. It will transfer 16 existing hotels under Gateway Hotels. The hospitalit

  • Infy to review WB operations post-Singur row

    11th September, 2008 12:35

    Infosys will bid for Rs 500-1,500 crore deals from government departments, reports CNBC-TV18, quoting NewsWire18. Infosys has also said that it will relook at its

  • Suzlon Energy takes dip

    11th September, 2008 12:25

    At 12:16 pm, Suzlon Energy was quoting at Rs 230.05, down Rs 13.75, or 5.64%. It has touched an intraday high of Rs 242.65 and an intraday low of Rs 229.75. It was

  • ONGC continues to fall

    11th September, 2008 12:16

    At 12:07 pm, Oil and Natural Gas Corporation, ONGC was quoting at Rs 1,043, down Rs 33.6, or 3.12%. It has touched an intraday high of Rs 1,077 and an intraday low

  • Lehman Bros rtg remain on watch -ve, announces Q3 loss

    11th September, 2008 12:11

    Standard & Poor's Ratings Services' said that its ratings, including the 'A' long-term and 'A-1' short-term counterparty credit ratings, on Lehman Brothers Holding

  • DLF among major losers

    11th September, 2008 12:04

    DLF is among major losers on the Sensex. At 11:53 am, the share was quoting at Rs 483.30, down Rs 18.7, or 3.73%. It has touched an intraday high of Rs 499 and an

  • Reliance Infra leads losers on Sensex

    11th September, 2008 11:58

    Reliance Infrastructure is top loser on the Sensex. At 11:49 am, the share was quoting at Rs 994, down Rs 40.95, or 3.96%. It has touched an intraday high of Rs 1,

  • IFCI to rope in a strategic partner, stk up

    11th September, 2008 11:53

    At 11:43 am, IFCI was quoting at Rs 48, up Rs 0.55, or 1.16%. It has touched an intraday high of Rs 48.40 and an intraday low of Rs 46.65. The company is going to

  • ILandFS Investment declines sharply

    11th September, 2008 11:45

    At 11:36 am, ILandFS Investment Managers was quoting at Rs 148, down Rs 9.6, or 6.09%. It has touched an intraday high of Rs 163.80 and an intraday low of Rs 147.0

  • GMR Infrastructure can retest Rs 94: Gujral 

    11th September, 2008 11:38

    Technical Analyst, Ashwani Gujral is of the view that GMR Infrastructure can retest Rs 94.

  • United Spirits can test Rs 1700: Gujral 

    11th September, 2008 11:24

    Technical Analyst, Ashwani Gujral is of the view that if United Spirits can maintain Rs 1420 then it can test Rs 1700.

  • Mkts may rise about 10% in medium term: Mirae AMC 

    11th September, 2008 11:16

    Rahul Chadha, Head of Indian Equities at Mirae Asset Management feels that if inflation peaks by Q1CY09, RBI could cut rates by mid-2009. He expects market returns

  • Exit IFCI at higher level: Baliga 

    11th September, 2008 11:04

    Ambareesh Baliga of Karvy Stock Broking is of the view that one can exit IFCI at higher level. The upside would be limited to around Rs 61-65 levels, going beyond

  • Expect sugar stocks to outperform: Eastern Financiers

    11th September, 2008 11:01

    According to Eastern Financiers' report on sugar sector, the research firm expects sugar stocks to out-perform in the next few quarters.

  • Re may not breach 46-47/$: HDFC Sec 

    11th September, 2008 10:51

    Sanju Verma, Executive Director at HDFC Securities expects rupee not to fall below 46-47 to a dollar. She feels that once regulatory risk come down, markets will i

  • Buy Dena Bank, Corporation Bank, says Baliga 

    11th September, 2008 10:46

    Ambareesh Baliga of Karvy Stock Broking is of the view that one can buy Dena Bank, Corporation Bank. Over the next six-seven months the interest rates coming down,

  • Buy Gold Oct at 11300: India Infoline

    11th September, 2008 10:36

    India Infoline has recommended to buy Gold Oct at 11300 with a stoploss of 11260 and a target of 11380.

  • Sell Turmeric-Oct below 3550: India Infoline

    11th September, 2008 10:32

    India Infoline has recommended to sell Turmeric-Oct below 3550 with a stoploss of 3583 and target of 3520, 3487, 3450.

  • Reliance top loser on the Sensex

    11th September, 2008 10:25

    Reliance Industries is the top loser on the Sensex. At 10:17 am, the share was quoting at Rs 2,032.10, down Rs 51.45, or 2.47%. It was trading with volumes of 176,

  • Avoid Chemcel Biotech IPO: SPA Securities

    11th September, 2008 10:22

    Chemcel Biotech has opened for subscription with its initial public offering (IPO) of 1,54,00,000 million equity shares of Rs 10 each. SPA Securities has come out

  • Crude may trade between $98/bbl to $105/bbl 

    11th September, 2008 10:19

    Crude has very strong support at USD 100/bbl. It may trade between USD 98/bbl to USD 105/bbl.

  • Pyramid Saimira puts on a good show

    11th September, 2008 10:17

    At 10:13 am, Pyramid Saimira was quoting at Rs 156.70, up Rs 6, or 3.98% on the NSE. It has touched an intraday high of Rs 159.45 and an intraday low of Rs 148.40.

  • Sell Steel Authority of India below Rs 139: ICICIdirect.com

    11th September, 2008 10:15

    ICICIdirect.com has recommended to sell Steel Authority of India below Rs 139 with a stoploss of Rs 140 and target of Rs 138/135/lower.

  • Nifty has support at 4330-4280: Nirmal Bang

    11th September, 2008 10:11

    According to Nirmal Bang's Morning Call, on the lower-side 4330-4280 will act as a strong support area where buying could emerge.

  • Sell Core Projects & Tech below Rs 282: ICICIdirect.com

    11th September, 2008 10:05

    ICICIdirect.com has recommended to sell Core Projects & Technologies Ltd below Rs 282 with a stoploss of Rs 283 and target of Rs 280/275/lower.

  • Resurgere Mines slips below IPO price, stk down 4.6%

    11th September, 2008 10:02

    At 09:58 am, Resurgere Mines and Minerals India was quoting at Rs 260.25, down Rs 12.6, or 4.62% on the NSE. It has slipped below its IPO price of Rs 270, reports

  • Sell Cairn India below Rs 224: ICICIdirect.com

    11th September, 2008 10:00

    ICICIdirect.com has recommended to sell Cairn India below Rs 224 with a stoploss of Rs 225 and target Rs 222/220/lower.

  • Buy Suzlon Sept Futures above Rs 244.30: ICICIdirect.com

    11th September, 2008 09:53

    ICICIdirect.com has recommended to buy Suzlon Energy September Futures above Rs 244.30 with a stoploss of Rs 241 and target of Rs 250, Rs 255.

  • Expect negative opening: Mafatlal Securities

    11th September, 2008 09:50

    According to Mafatlal Securities' Daily report, the Indian Market is expected to have negative opening as Asian markets are trading lower.

  • Expect markets to open down: HDFC Securities

    11th September, 2008 09:48

    According to HDFC Securities' Morning Note, expect the Markets to open down following weak Asian cues.

  • Nifty has support at 4383-4348: India Capital Markets

    11th September, 2008 09:45

    According to India Capital Markets' Technical Outlook, Nifty has a support at 4383 & 4348 and faces resistance at 4434 & 4468.

  • Expect flat opening: Networth

    11th September, 2008 09:44

    According to Networth Stock Broking's Market Review report, Markets are likely to open flat despite negative global cues from Asia.

  • Nifty may touch 5K levels by Oct-end: Karvy Stock Broking 

    11th September, 2008 09:41

    Ambareesh Baliga of Karvy Stock Broking feels that the Nifty may touch 4800-4900 after the earnings start. By October end, he expects Nifty to touch 5000 levels.

  • Subscribe to 20 Microns IPO: Anagram

    11th September, 2008 09:36

    20 Microns has opened for subscription with its initial public offering (IPO), the issue size to public is 89,54,350 million equity shares of Rs 10 each. Anagram

  • Mallya to strike out healthy premium for United Spirit 

    11th September, 2008 09:31

    If the reported news about United Spirits (Japan's Suntory eyes stake in United Spirits, others like Diageo, Pernod Ricard and Bacardi also in the race) is correct

  • USD/INR to trade in the range of 45.30/60: Asit C. Mehta

    11th September, 2008 09:30

    The USD/INR opened at 45.32/34. The range expected today is 45.30/60.

  • Rolls Royce to roll out more cars in India 

    11th September, 2008 09:25

    The slowdown in the Indian car industry may be forcing some manufacturers to cut back on their expansion plans, but the super luxury segment seems immune to these

  • Cipla-Roche case hearing today 

    11th September, 2008 09:16

    The Cipla-Roche case is going to come up for hearing today. It will put the Indian Patent Laws. Cipla has said that they have not violated the Tarceva patent. Howe

  • Nifty has support at 4380/4255: SKP Securities

    11th September, 2008 09:09

    According to SKP Securities' Technical Analysis report, Nifty has its support at 4380/4255 and resistance at 4535/4600.

  • Nervousness gradually creeping into mkts 

    11th September, 2008 09:08

    The Nifty might open on a softer note today. Globally, there is a growth scare and gradually all the markets are coming to grips with it. Equity prices are all abo

  • Expect further fall: Mohoni

    11th September, 2008 09:04

    European markets declined last night, while the US markets improved moderately. However, Asian markets are down this morning, and the global short-term trend remai

  • Uphaar case: Ansal bros sentenced to 2 yrs jail  

    11th September, 2008 09:02

    In a big development in the Uphaar tragedy case, the Supreme Court today cancelled the bail of Ansal brothers. They were sentenced to two years of imprisonment by

  • Educomp to buy 50% of EuroKids for Rs 39 cr

    11th September, 2008 09:02

    Educomp Solutions Ltd has said it will buy a 50 per cent stake in pre-school chain EuroKids International Pvt Ltd for Rs 39 crore. The two companies will combine t

  • Support for Jeera seen at 11450-11335: Anagram

    11th September, 2008 09:00

    Anagram Research has come out with its report on Agri commodity. According to the research report, support for Jeera is seen around 11450-11335 and resistance at 1

  • Nifty Fut adds 25.70 Lk shares in OI: LKP Shares

    11th September, 2008 09:00

    Nifty Futures have added 25,70,000 shares in the open interest on September 10, 2008.

  • GE eyes acquisitions in India

    11th September, 2008 08:53

    General Electric Co (GE) is scouting for acquisitions to scale up its presence in India. The diversified engineering and services major is looking across a gamut o

  • Money calls: Kaul, Pawar

    11th September, 2008 08:48

    The bond yield is expected to be in the range of 8.35-8.45%. Even though oil prices have come down and inflation is expected to come in at 11.97%, a depreciating r

  • We remain bearish on stocks: LGT Bank 

    11th September, 2008 08:41

    Speaking to CNBC-TV18 Benjamin Pedley, Exec Dir, LGT Bank said, “We have been bearish on stocks for sometime now and I don’t think there is any reason to change."

  • Spot rubber prices unchanged

    11th September, 2008 08:34

    Rubber prices closed unchanged on Wednesday. Market activities were in an extremely dull phase as most of the traders moved into a holiday mood with only a couple

  • Pepper futures market crashes on bearish operations

    11th September, 2008 08:31

    Pepper futures market crashed on Wednesday on bearish operations and in line with the sharp fall in other commodities across the board. Most of the contracts touch

  • IEA lowers its world demand growth forecast 

    11th September, 2008 08:28

    The oil markets shrugged off a bunch of bullish headlines today from Organization of the Petroleum Exporting Countries (OPEC’s) production cut to a sharp drop in i

  • Equity calls: Chakraborty, Jain

    11th September, 2008 08:23

    The market is likely to trade with a downward bias. The sentiment is weak due to negative cues from the US financial sector. The Nifty can go down to 4200 over the

  • Stocks in news: Power Grid, United Spirits, IFCI, HCL Tech

    11th September, 2008 08:19

    Stocks in news : Government is planning to split Power Grid Corp by removing its key power management functions. Japan's Suntory is eyeing stake in United Spirits.

  • US mkts end with moderate gains; Dow up 38 points

    11th September, 2008 08:10

    In US markets, stocks finished with modest gains after rallying earlier on a drop in oil prices. The nervousness was due to investor worries about financial shares

  • MF NAVs close sharply lower as mkts plunge

    11th September, 2008 00:31

    Equity diversified NAVs closed with sharp cut as markets have plunged further in last couple of hours and ended sharply lower on the back of profit booking and wea

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