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Moneycontrol News Archive : 17 April, 2009

  • Nokia, Vodafone see more TRPs in IPL 2.0 

    17th April, 2009 23:46

    Harit Nagpal of Vodafone Essar said IPL 2.0 promises advertisers more TRPs than last year. This view is shared by D Shivakumar, Vice-President and Managing Directo

  • Ticket booking to South Africa for IPL 2.0 very dismal 

    17th April, 2009 22:42

    There's less than a days to go for the Indian Premier League to begin in South Africa. However, while travel agents are flooded with enquiries, ticket bookings are

  • Bharti Airtel to rejig employee structure 

    17th April, 2009 22:14

    Earlier this year, Bharti Airtel revamped its top management structure. CNBC-TV18 learns that the company is now looking at large scale realignment of employees. C

  • TCS BPO employees impacted by new pay structure 

    17th April, 2009 22:01

    TCS is learnt to be restructuring pay-scales for its BPO employees. The first step being withholding quarterly variable pay. Sources inform that the company had re

  • New ticket pricing norm for airlines cleared 

    17th April, 2009 21:43

    Customers now will no longer have to do the math while booking tickets. The Ministry of Civil Aviation has finally made it mandatory for airlines to publish one co

  • Sebi probes surge in Tech Maha shares before Satyam deal 

    17th April, 2009 20:51

    Market regulator Sebi has initiated a probe into the sudden spike in the shares of Tech Mahindra minutes before the Satyam announcement was actually made. Tech Mah

  • Volatility to keep traders in guessing mode

    17th April, 2009 20:43

    The Nifty ended the day below the 3,400-points mark, amid huge volatility in the market. It is this volatile end, which will keep traders guessing going into next

  • Better regulatory measures for banking system in offing

    17th April, 2009 20:10

    Elara Capital Plc, a UK-based investment bank, organized a panel discussion on the global financial crisis, in Mumbai. Elara got together an eminent panel to discu

  • Buy MCX Crude Oil (May) above Rs 2625: Anagram

    17th April, 2009 19:58

    Anagram Research has recommended to buy MCX Crude Oil (May) above Rs 2625 with a stoploss of Rs 2570 and target price of Rs 2680.

  • Angel Broking neutral on Multiplex Sector

    17th April, 2009 19:30

    Angel Broking has recommended a neutral rating on the Multiplex sector. Over the last one month, Multiplex stocks have witnessed sharp rally in the range of 35-50%

  • Sharekhan negative on turmeric

    17th April, 2009 19:04

    Sharekhan has maintained its weak bias on turmeric in the coming days. Turmeric prices have rallied by around 50% in the last three months and thus some major corr

  • Rupee has support at 49.40-49.50/$: Commtrendz

    17th April, 2009 18:38

    According to Commtrendz Research's report on Indian Rupee, immediate supports are at 49.40-49.50 followed by 48.8-48.9. Immediate resistance falls around 50.10-50.

  • Several stocks lose over 15% from day's high

    17th April, 2009 18:19

    The benchmark indices lost nearly a 3% gain from its day’s high in the last one hour of the trade and ended the day with marginally gains. During today’s trade sev

  • M&As in Mar soar to $2bn on +ve eco activity: Grant Thorton 

    17th April, 2009 18:09

    CG Srividya, Partner, Grant Thornton said the reason for the increase in activity is due to positive action in the economy and as group restructuring is taking pla

  • Rupee ends lower, bonds higher

    17th April, 2009 17:50

    The Indian rupee ended lower at 49.86 per USD as against its previous close of Rs 49.76. The widely traded paper 6.05%, 2019 paper closed higher at Rs 97.42 as aga

  • Infy looking at transfering 25% workforce to BPO arm  

    17th April, 2009 17:40

    The IT space has taken it on the chin. Infosys is gearing up for tougher times. CNBC-TV18 learns from sources that the company is offering about 25% of its entire

  • Instanex FII Index up 1.17%

    17th April, 2009 17:19

    At close, the Instanex FII Index was up 1.17% at 244.18 (+0.98% at 3 pm) and the Instanex Retail 15 portfolio was up 0.88% (+0.59% at 3 pm). Sensex was up 0.69% (+

  • See crude in $45-54/bbl range for next week: Shamik Bhose  

    17th April, 2009 16:53

    Independent Commodities Advisor Shamik Bhose said crude may trade in USD 48-52 per barrel range. “If I elaborated a bit to USD 45-54 per barrel for next week; it i

  • Rajesh Jain's trading tip: Build portfolio, don't go short 

    17th April, 2009 16:35

    On what Rajesh Jain of Pranav Securities reads into the market performance today, said, “What we have seen is a substantial reduction of the risk aversion, which w

  • Citigroup Q1 net profit at USD 1.59 bn

    17th April, 2009 16:30

    Citigroup has announced its first quarter results. Its net profit was up by 99% at USD 1.59 billion. Its net revenue was at USD 24.79 billion versus USD 12.4 billi

  • Tata Steel can slip to Rs 235-240: Mathew 

    17th April, 2009 16:29

    Technical Analyst, E Mathew is of the view that Tata Steel can slip to Rs 235-240.

  • Unitech has resistance at Rs 56-58: Mathew 

    17th April, 2009 16:15

    Technical Analyst, E Mathew is of the view that Unitech has resistance at Rs 56-58.

  • YouTube in Sony content deal

    17th April, 2009 16:09

    Google Inc's YouTube said on Thursday it has reached a deal to post Sony Corp films and TV shows and was talking with other big studios to ramp up content and attr

  • Weekly round up: Experts see reduction in risk aversion

    17th April, 2009 15:50

    The benchmark indices closed the week on a positive note led by banking and capital goods stocks. The Sensex ended 2% higher. Rajesh Jain of Pranav Securities said

  • Awaiting a 'serious' settlement offer from Satyam: Upaid 

    17th April, 2009 15:43

    Simon Joyce, the Chief Executive Officer of Upaid, has said fraud-hit Satyam Computer Services has not yet made “any serious offer” of an out-of-court settlement.

  • Buy Lupin, target of Rs 900: Karvy

    17th April, 2009 15:42

    Karvy Stock Broking has recommended a buy rating on Lupin with a price target of Rs 900. Lupin's net revenues for the quarter are expected to be up by 20% to Rs 9

  • Marg to complete Phase II of Karaikal Port in 24 months

    17th April, 2009 15:32

    GRK Reddy, Chairman and MD, Marg said would be implemented over a period of 24 months. MARG owns 100% of the equity in the Karaikal Port and Reddy stated that he w

  • Buy GSK Pharma, target of Rs 1340: Hem Securities

    17th April, 2009 15:30

    Hem Securities has initiated a buy rating on GlaxoSmithKline Pharmaceuticals with a target price of Rs 1340. GlaxoSmithKline Pharmaceuticals's net sales stood at R

  • INOX Leisure puts on a poor show

    17th April, 2009 15:21

    INOX Leisure had touched an intraday high of Rs 37.30 and an intraday low of Rs 32.75. At 3:17 pm, the share was quoting at Rs 32.80, down Rs 3.05, or 8.51%. It wa

  • Balrampur Chini adds 23 lakh shares in OI 

    17th April, 2009 15:20

    F&O turnover was slightly lower from yesterday at about Rs 75000 crore. The whole sugar pack was doing well on news that sugar prices may go up to Rs 30, Balrampur

  • Bullish on IDFC, Educomp, ShreeRenuka Sugars: Kotak Sec 

    17th April, 2009 15:15

    Shrikant Chouhan of Kotak Securities is bullish on stocks like Reliance Industries, SBI, and BHEL. Among the sugar pack, he is positive on Shree Renuka Sugars whil

  • Bayer Cropscience has target of Rs 310: Ranganathan 

    17th April, 2009 15:05

    S Ranganathan, Head-Research, LKP Securities is of the view that Bayer Cropscience has target of Rs 310. It is a leading crop protection company in India. They pro

  • Markets see mild positive consolidation 

    17th April, 2009 15:02

    Last few days different sectors have been leading metals, real estate, sugar, and infrastructure but today it is largely about banks which has come back in a big w

  • Asian markets end mixed

    17th April, 2009 15:01

    Asian markets ended mixed. Japan's Nikkei soared 1.74% or 152.32 points at 8,907.58. Hong Kong's Hang Seng rose 0.12% or 18.28 points at 15,601.27.

  • IDFC can test Rs 100-120: Chouhan 

    17th April, 2009 14:57

    Shrikant Chouhan of Kotak Securities is of the view that if IDFC breaks Rs 75 and sustains above that then it can see levels as high as Rs 100-120 on the higher si

  • Mkts choppy; metal, pharma, auto stocks lose

    17th April, 2009 14:49

    At 14:48 hours IST, the benchmark indices erased almost all the gains and started trading with some choppiness. Metal, auto, pharma and select power sectors and st

  • Suffered notional forex loss of Rs 230cr in FY09: PFC 

    17th April, 2009 14:36

    Satnam Singh, Chairman and Managing Director of Power Finance Corporation (PFC) said, that the company’s Q4FY09 net profit rose to Rs 390.6 crore as against Rs 295

  • IVRCL Infrastructure soars high

    17th April, 2009 14:26

    IVRCL Infrastructure and Projects had touched an intraday high of Rs 169 and an intraday low of Rs 152. At 2:21 pm, the share was quoting at Rs 162, up Rs 11.65, o

  • Despite flops, Akki beats SRK

    17th April, 2009 14:18

    A television show reportedly paid him Rs 1 crore per episode, several big banner films including one with Hollywood's Warner Brothers and a handful of endorsements

  • Gold has resistance at USD 895/oz 

    17th April, 2009 14:12

    Gold has an important support at USD 850/oz on the lower side; markets may not breach that level on the lower side. On the higher side, USD 895/oz continues to be

  • Power Finance up on buying interest

    17th April, 2009 14:09

    Power Finance Corporation had touched an intraday high of Rs 161.80 and an intraday low of Rs 147. At 2:05 pm, the share was quoting at Rs 160.35, up Rs 15.80, or

  • IOB witnesses buying interest

    17th April, 2009 14:01

    Indian Overseas Bank, IOB had touched an intraday high of Rs 72 and an intraday low of Rs 61. At 1:56 pm, the share was quoting at Rs 68.50, up Rs 7.90, or 13.04%.

  • Arvind board approves rescheduling of debt 

    17th April, 2009 13:55

    Arvind board yesterday okayed the issue of 3.32 crore convertible warrants to promoters.The announcement has come in that Arvind has been able to finalise the term

  • Expect 30% appreciation in sugar stks: Tulsian 

    17th April, 2009 13:52

    Investment Advisor SP Tulsian is of the view that one can expect 30% appreciation in sugar stocks in the next 3-4 months.

  • Buy Hindustan Unilever, target of Rs 280: Sharekhan

    17th April, 2009 13:50

    Sharekhan has maintained its buy rating on Hindustan Unilever with a price target of Rs 280. The research firm believes that though HUL will be one of the benefici

  • Instanex FII Index up 2.59%

    17th April, 2009 13:43

    At 1 pm, the Indian markets continue to be higher, the Instanex FII Index is up 2.59% at 247.59 (+ 3.09% at 12 noon) and the Instanex Retail 15 portfolio is up 2.4

  • Buy Andhra Bank, target of Rs 74: Karvy Stock Broking

    17th April, 2009 13:27

    Karvy Stock Broking has recommended a buy rating on Andhra Bank with a price target of Rs 74. In 4th QFY09, the research firm expects the bank to record 22% growth

  • HDIL makes a smart gain

    17th April, 2009 13:23

    HDIL had touched an intraday high of Rs 141.65 and an intraday low of Rs 129. At 1:18 pm, the share was quoting at Rs 133.65, up Rs 9.25, or 7.44%. It was trading

  • HCL Technologies advances 5.2%

    17th April, 2009 13:08

    HCL Technologies had touched an intraday high of Rs 131.25 and an intraday low of Rs 123.50. At 1:04 pm, the share was quoting at Rs 128.30, up Rs 6.35, or 5.21%.

  • Demand, prices of residential sales to hold steady: HDIL  

    17th April, 2009 12:53

    Sarang Wadhawan MD of real estate developer, Housing Development and Infrastructure Ltd (HDIL) sees an uptick in residential development and expects prices to hold

  • European markets trading firm

    17th April, 2009 12:47

    At 12:43 pm (IST), European markets were trading firm. CAC 40 was up 0.32% or 9.82 points at 3,048. DAX gained 0.33% or 15.08 points at 4,624.54. FTSE 100 rose 0.4

  • Instanex FII Index up 3.09%

    17th April, 2009 12:40

    At 12 noon, the Indian markets continue to be higher, the Instanex Retail 15 portfolio is up 3.19% (+2.58% at 11 am) and the Instanex FII Index is up 3.09% (+ 2.51

  • ICICI Bank minting money

    17th April, 2009 12:36

    ICICI Bank had touched an intraday high of Rs 455 and an intraday low of Rs 430. At 12:32 pm, the share was quoting at Rs 449.70, up Rs 23.30, or 5.46%. It was tra

  • MFs net buy Rs 408 cr in equities on April 15

    17th April, 2009 12:23

    On April 15, Mutual Funds (MFs) were net buyers to the tune of Rs 408 crore in equities. They have made gross purchase of Rs 1246 crore and gross sales of Rs 838 c

  • Indiabulls Real turns up

    17th April, 2009 12:19

    Indiabulls Real Estate had touched an intraday high of Rs 150.50 and an intraday low of Rs 136.40. At 12:14 pm the share was quoting at Rs 148.00, up Rs 12.35, or

  • Ashish Chugh's hidden gems: Ganesh Housing, Country Club 

    17th April, 2009 12:05

    Ashish Chugh, Invesment Analyst & Author, Hidden Gems is positive on real estate based company Ganesh Housing, which is amongst the largest land bank owners in Ahm

  • Concrete gain for Ambuja Cements

    17th April, 2009 11:58

    Ambuja Cements had touched an intraday high of Rs 85.20 and an intraday low of Rs 78.10. At 11:54 am, the share was quoting at Rs 85.15, up Rs 5, or 6.24%. It was

  • Sensex above 11300; Bank, IT, Cap Goods indices up 5%

    17th April, 2009 11:53

    At 11:50 hours IST, the markets were trading sharply higher and recovered all of yesterday's losses in today's rally. Realty, technology, banking, capital goods,

  • SBI among major gainers

    17th April, 2009 11:52

    At 11.48 am, State Bank of India (SBI) was among the major gainers on the Sensex. It had touched an intraday high of Rs 1,355 and an intraday low of Rs 1,270.55. T

  • Jaiprakash Asso leads gainers on the Sensex

    17th April, 2009 11:46

    At 11.42 am, Jaiprakash Associates was the top gainer on the Sensex. It had touched an intraday high of Rs 122.85 and an intraday low of Rs 114.10. The share was q

  • HDIL has target of Rs 148: Bose 

    17th April, 2009 11:39

    Technical Analyst, Rajat K Bose is of the view that Housing Development and Infrastructure (HDIL) has target of Rs 148 and if that is crossed then Rs 154 would be

  • Reliance Capital bounces back

    17th April, 2009 11:32

    Reliance Capital has bounced back today. It touched an intraday high of Rs 553.30 and an intraday low of Rs 525. At 11:28 am, the share was quoting at Rs 551, up R

  • Block deal strengthens Gujarat State Petronet

    17th April, 2009 11:24

    Gujarat State Petronet had touched an intraday high of Rs 42.45 and an intraday low of Rs 40.40. At 11:20 am, the share was quoting at Rs 42.30, up Rs 2.10, or 5.2

  • Reduce Infosys, target of Rs 1200: IIFL

    17th April, 2009 11:22

    IIFL has recommended a reduce rating on Infosys Technologies with a price target of Rs 1200. The research firm expects Infosys recent underperformance (vs peers) t

  • Buy Bank Of India, target of Rs 455: Karvy

    17th April, 2009 11:18

    Karvy Stock Broking has recommended a buy rating on Bank Of India with a price target of Rs 455. In 4th QFY09, the research firm expects the bank to record 24% (Y/

  • Nirmal Bang bullish on Nickel

    17th April, 2009 11:02

    Nirmal Bang continues to remain bullish on Nickel and thinks that Rs 588/kg seems to be good support. The research firm feels Crude oil may trade up during the day

  • HDIL a good bet for long term: Chakrabarty 

    17th April, 2009 10:59

    Amitabh Chakrabarty of Religare Securities is of the view that HDIL is a good bet with long term perspective. They have launched three projects in Mumbai and out o

  • Mkts extend rally; rate sensitives, infra, metals surge

    17th April, 2009 10:49

    At 10:45 hours IST, huge buying in rate sensitives, infrastructure, commodities and technology stocks was helping the benchmark indices to extend rally further. Th

  • A Chakrabarty positive on pharma space

    17th April, 2009 10:41

    Amitabh Chakrabarty of Religare Securities is positive on pharma space.

  • Balrampur Chini Mills back on track

    17th April, 2009 10:37

    Balrampur Chini Mills had touched an intraday high of Rs 78 and an intraday low of Rs 71. At 10:33 am, the share was quoting at Rs 74.80, up Rs 5.80, or 8.41%. It

  • See AUM growth at 25-30% in FY10: Shriram Transport 

    17th April, 2009 10:33

    Shriram Transport Finance Company has seen increase in disbursements, which indicates revival in Commercial Vehicle (CV) financing. R Shridhar, MD of Shriram Trans

  • Sell Gold MCX 1st Month Future at Rs 14140: Hem

    17th April, 2009 10:30

    Hem Securities has recommended to sell Gold MCX 1st Month Future at Rs 14140 with a stoploss of Rs 14326 and a target of Rs 13931.

  • Bhushan gets SEBI nod for Orissa Sponge open offer;stk up

    17th April, 2009 10:20

    Bhushan Steel had touched an intraday high of Rs 447.90 and an intraday low of Rs 420. At 10:16 am, the share was quoting at Rs 445.25, up Rs 30.60, or 7.38%. The

  • Tata Motors among major gainers

    17th April, 2009 10:14

    Tata Motors is among the major gainers on the Nifty. It had touched an intraday high of Rs 256.90 and an intraday low of Rs 246. At 10:11 am, the share was quoting

  • Sustainable rally will start in late '09: Deutsche Bank 

    17th April, 2009 10:12

    Pratik Gupta of Deutsche Bank Group said risk appetite has improved in Asia but fundamental outlook still remains challenging. He said sustainable recovery in Indi

  • Punj Lloyd secures 3 orders worth Rs 308cr; stk rises

    17th April, 2009 10:04

    Punj Lloyd had touched an intraday high of Rs 129.95 and an intraday low of Rs 123. At 10:03 am, the share was quoting at Rs 129.15, up Rs 8.20, or 6.78% on the NS

  • Suzlon Energy moves up smartly

    17th April, 2009 09:59

    Suzlon Energy has gained today. It had touched an intraday high of Rs 60.40 and an intraday low of Rs 50. At 10:01 am, the share was quoting at Rs 59.80, up Rs 3.8

  • Nifty has strong resistance at 3500: Networth

    17th April, 2009 09:53

    According to Networth Stock Broking's Market Review report, Nifty has a strong resistance at 3500 while shortterm support exists at 2950 Banks and Real Estate to s

  • Mkts bounce back; metals, banks, realty, cap goods gain

    17th April, 2009 09:52

    The benchmark indices bounced back with strong gains following positive global cues. Metal, banking, realty, auto, cement, technology and capital goods stocks were

  • Emerging mkts will continue to go up: BoA Merrill Lynch 

    17th April, 2009 09:48

    A Bank of America-Merrill Lynch Financial Market Survey has thrown up the most optimistic reading on global growth since 2004. Michael Hartnett, Co-Head Internatio

  • Resistance for Nifty at 3520: Nirmal Bang

    17th April, 2009 09:44

    According to Nirmal Bang's Research report, the immediate support for the Nifty is placed at 3310 – 3230 on an intra-day basis and a fall below could create more p

  • Sensex has resistance at 11260-11370: Angel

    17th April, 2009 09:43

    According to Angel Broking's Technical Analysis report, on the upside 11260 – 11370 / 3460 – 3510 levels may act as resistance for the day.

  • Nifty has support at 3310-3315: Reliance Money

    17th April, 2009 09:36

    According to Reliance Money report, as for intraday trades, support for the day exists around levels of 3310-3315 range. Any move above 3410-3418 range may see Nif

  • Re may trade between 49.50-50 in near term: IndusInd Bank

    17th April, 2009 09:32

    According to Mr. J. Moses Harding, Head Global Markets Group, IndusInd Bank, in the near term, rupee trading a 49.50-50.00 range would be in order.

  • Nifty may trade between 3350-3450: Karvy

    17th April, 2009 09:23

    According to Karvy Stock Broking's Technical Analysis report, the Nifty may trade between 3350-3450 levels for the day.

  • Nifty likely to fall towards 3290/3260: FinQuest Securities

    17th April, 2009 09:20

    According to FinQuest Securities' report, for the day Nifty appears to be weak and is likely to fall towards 3290/3260.

  • QIP issue raises hope for Unitech's survival 

    17th April, 2009 09:14

    Cash strapped Unitech is making an attempt to get into steady ground. The company has filed for a USD 325 million qualified institutional placement (QIP) at around

  • Unwinding of long may continue today: TS Harihar 

    17th April, 2009 09:12

    The Nifty is likely to face resistance at 3500 and support is seen at 3200. The unwinding of long and speculative positions that began yesterday may continue today

  • Market could inch up today 

    17th April, 2009 09:11

    It’s the last day of trading in the week and the mood should be quite okay despite the debacle of yesterday. The US markets have ended fine while Asian markets are

  • Crude near $50/bbl on mixed data from US 

    17th April, 2009 09:08

    Crude has fallen to below 50 dollar a barrel as mixed data from the United States and China showed that any signs of economic recovery were still tentative. In aft

  • Rupee opens at Rs 49.68 per dollar

    17th April, 2009 09:00

    The Indian Rupee opened at Rs 49.68 per dollar versus Rs 49.76 yesterday.

  • Rupee likely to be marginally stronger: Greenback Forex

    17th April, 2009 08:56

    According to Manis Thanawala, Greenback Forex, the rupee is likely to be marginally stronger on positive global equity market cues. Dollar's weakness will boost se

  • Expect positive opening: Gujral

    17th April, 2009 08:43

    The market may have a positive opening today and may consolidate for some time before resuming its uptrend. Nifty has supports at 3250-3300 and resistance is at 34

  • US initial jobless claims fall for 2nd straight week

    17th April, 2009 08:32

    US Initial jobless claims fell for the second straight week to 610,000. Continuing claims climbed more than expected to a new record of 6.02 million.

  • Mercator to sharpen focus on dredging, coal mining

    17th April, 2009 08:29

    With the global freight market remaining dampened due to recessionary trends, Mercator Lines, India’s second largest private shipping company, has decided to sharp

  • Reliance sheds export unit tag for Jamnagar refinery

    17th April, 2009 08:27

    Reliance Industries Ltd (RIL) has converted its first refinery (33 million tonne/year) at Jamnagar from an Export Oriented Unit (EoU) to a normal status so that it

  • Satyam buy may hasten BT's exit from Tech Mahindra

    17th April, 2009 08:24

    Tech Mahindra’s acquisition of a controlling stake in Satyam Computer Services may speed up BT’s exit from the telecom solutions company, it is reliably learnt.

  • Coffee exports decline on low demand

    17th April, 2009 08:18

    Indian coffee exports have shown a significant drop so far this year on low demand said to have been caused by the current global economic slowdown.

  • Gold declines 1.5% to $ 879.8 an ounce 

    17th April, 2009 08:10

    Gold and silver were trading at 1 week lows. Gold was down 1.5% at $ 879.8 an ounce and silver fell 4.3% at $12.25 an ounce. India imported 10 tonnes gold

  • US mkts end higher; Nasdaq up 2.7%

    17th April, 2009 08:07

    Despite a slow, choppy start, the US markets ended the day higher. As investors were encouraged by JP Morgan's results and techs rallied amid anticipation of bette

  • SFIO fails to figure out siphoning of Satyam funds by Rajus 

    17th April, 2009 22:46

    The Serious Frauds Investigation Office (SFIO) submitted its final report on Satyam to the Ministry of Corporate Affairs earlier this week. CNBC-TV18 learns the re

  • Sebi to review staff quota in IPOs, rejects fast track plan 

    17th April, 2009 22:29

    The Sebi board wants a review of employee quota in public issues. It has also rejected the proposal to approve fast tracking of public issues on the basis of marke

  • Emaar MGF seeks fin aid to finish Commonwealth project 

    17th April, 2009 22:05

    Emaar MGF, which is building the prestigious 2010 Commonwealth Games village site, continues to ask the Delhi Development Authority for financial assistance. CNBC-

  • Sasan project to achieve financial closure in April 

    17th April, 2009 21:58

    The Rs 19,400 crore Sasan Ultra Mega Power Project will finally achieve financial closure this month. While Reliance Power has already tied up over Rs 12,000 crore

  • Tech Mahindra might face uncertainties in near-tem: TPI 

    17th April, 2009 21:39

    Dinesh Goel, TPI (India) feels the deal is a good strategic fit for the company. He believes that apart from operational challenges around service continuity and c

  • FIIs net buyers for first 16 days of April

    17th April, 2009 20:44

    On April 16, Foreign Institutional Investors (FIIs) were net buyers to the tune of Rs 395 crore in equities. They made gross purchase of Rs 3019 crore and gross sa

  • PFC PAT for FY 08-09 up 12.3%

    17th April, 2009 20:15

    Consistent with its higher volume of operations, Power Finance Corporation’s (PFC) Net Profit rose by an impressive 12.3% to touch Rs 1355 crore for the FY 2008-09

  • RS Surjewala: Going beyond roti, kapda & makan in Haryana 

    17th April, 2009 19:59

    He has several firsts to his credit. He was appointed the General Secretary of the Haryana Pradesh Youth Congress when he was just seventeen, and made the Presiden

  • Markets end marginally higher: Nirmal Bang

    17th April, 2009 19:41

    According to Nirmal Bang's report, the markets ended marginally higher after a huge volatile session. The Sensex lost 316 points from an intraday high of 11,339, b

  • Buy Hero Honda, target of Rs 1275: Motilal Oswal

    17th April, 2009 19:18

    Motilal Oswal has maintained its buy rating on Hero Honda Motors with a price target of Rs Rs 1,275. In the domestic market, Hero Honda has grown at 11% in FY09 v/

  • US markets open mixed; Dow up 29 points

    17th April, 2009 19:00

    At 19.02 hrs (IST)- The US markets opened mixed. The Dow Jones Industrial Average was up 29.23 points, or 0.36%, to 8,154.66. The Nasdaq was down 6.42 points, or 0

  • Markets end with marginal gains: Sharekhan

    17th April, 2009 18:26

    According to Sharekhan's report, the Sensex ended the session with marginal gains of 76 points at 11023, while Nifty added 15 point to its kitty to close at 3384.

  • Buy Great Offshore, target of Rs 359: Religare Hichens

    17th April, 2009 18:14

    Religare Hichens Harrison Research has upgraded its rating on Great Offshore from sell to buy with a price target of Rs 359. The research firm has raised its FY10

  • Buy sugar on dips: Sharekhan

    17th April, 2009 18:04

    According to Sharekhan's report, sugar prices have fallen quite drastically in the past two days and are also nearing critical supports from where one can go long.

  • Buy Sanwaria Agro Oils, target of Rs 52: KRChoksey

    17th April, 2009 17:48

    KRChoksey has maintained its buy rating on Sanwaria Agro Oils with a target price of Rs 52. The research firm has maintained its growth targets and expect the comp

  • Financial closure of Sasan likely by April: PFC 

    17th April, 2009 17:27

    Satnam Singh, Chairman and Managing Director, PFC, said the Rs 230 crore notional loss in FY09 is due to the rupee depreciation. The company, he added, sanctioned

  • FMCG demand unaffected by slowdown: IDFC SSKI report 

    17th April, 2009 17:02

    The economic slowdown seems to have had no adverse effect on the fast moving consumers goods sector. Volume growth has been robust, helped by strong growth in rura

  • Axis Bank has target of Rs 575-580: Mathew 

    17th April, 2009 16:43

    Technical Analyst, E Mathew is of the view that Axis Bank has target of Rs 575-580.

  • Skindia GDR Index down 0.05% to 1411.30

    17th April, 2009 16:33

    The Skindia GDR Index was down marginally 0.05% to 1411.30 at 3:30 pm IST over the previous day’s 3:30 pm IST Index. The Top DR losers were: Ranbaxy (-5.41%), Dr R

  • General Electric Q1 net profit at USD 2.9 bn

    17th April, 2009 16:29

    General Electric has declared its first quarter results. The company's net profit was at USD 2.9 billion versus USD 4.47 billion. Its net revenues were at USD 38.4

  • Avoid banking space: R Jain 

    17th April, 2009 16:18

    Rajesh Jain of Pranav Securities is of the view that one can ignore banking space at this level but over the long-term, banking is certainly a buy on dips.

  • Hold Tech Mahindra, says R Jain 

    17th April, 2009 16:13

    Rajesh Jain of Pranav Securities is of the view that one can hold Tech Mahindra.

  • Accumulate Chambal Fertilisers, tgt of Rs 55: P Lilladher

    17th April, 2009 16:00

    Prabhudas Lilladher has maintained its accumulate rating on Chambal Fertilisers and Chemicals with a target price of Rs 55. The research firm believes that Chambal

  • Who'll India Inc side with in this polls? 

    17th April, 2009 15:45

    Normally when corporate leaders prefer not to comment on politics, but this year we have a wealth of opinion. In January, Sunil Mittal and Anil Ambani backed Naren

  • IPL 2.0: Who are bookies betting on? 

    17th April, 2009 15:43

    There is less than one day to go for the Indian Premier League to begin in South Africa and bookies are already betting big on Delhi Daredevils.

  • Mkts end marginally higher led by banks, capital goods

    17th April, 2009 15:36

    After roaring run up, the benchmark indices wiped out nearly 3% gains in the last one hour of trade and ended the day marginally higher amid choppy trade. Shares o

  • Mkts close higher this week; broader indices outperform

    17th April, 2009 15:31

    The benchmark indices closed the week on a positive note led by banking and capital goods stocks and broader indices also followed the same trend. The Sensex ended

  • Unitech's QIP does not have greenshoe option: IDFC-SSKI 

    17th April, 2009 15:29

    Prashant Shetty, MD, IDFC-SSKI, said Unitech's QIP issue does not have a greenshoe option. According to him, the QIP was mainly to deleverage Unitech's balance she

  • Advanta has target of Rs 750: Ranganathan 

    17th April, 2009 15:21

    S Ranganathan, Head-Research, LKP Securities is of the view that Advanta has target of Rs 750. It is most aggressive seed company, which investors can buy to reall

  • Reduce Infosys, target of Rs 1,246: Prabhudas Lilladher

    17th April, 2009 15:16

    Prabhudas Lilladher has downgraded its rating on Infosys Technologies to reduce with a target price of Rs 1,246. Infosys's revenues declined by 2.6% sequentially t

  • Instanex FII Index up 0.98%

    17th April, 2009 15:11

    At 3 pm, the Instanex FII Index is up 0.98% at 243.71 (+2.95% at 2 pm) and the Instanex Retail 15 portfolio is up 0.59% (+2.98% at 2 pm). Sensex is up 0.48% (+2.90

  • NTPC to buy RIL gas at $4.2 mmbtu: EGoM 

    17th April, 2009 15:05

    The Empowered Group of Ministers (EGoM) has reached a decision in terms of the price at which gas will be sold to NTPC from Reliance (RIL). NTPC will buy RIL gas a

  • Risk appetite indicator climbs to 12-month high: Study 

    17th April, 2009 15:02

    Very positive feedback from the Merrill Lynch fund managers survey. A Bank of America-Merrill Lynch Fund Manager Survey says that the risk appetite indicator has c

  • Sell Tata Motors, target of Rs 200: Emkay

    17th April, 2009 15:01

    Emkay Global Financial Services has downgraded its rating on Tata Motors from hold to sell with a target price of Rs 200. The research firm believes that the macr

  • Accumulate Nitin Fire, target of Rs 266: SKP Securities

    17th April, 2009 14:50

    SKP Securities has recommended an accumulate rating on Nitin Fire Protection Industries with a target price of Rs 266. Keeping in view the growing trend of CNG use

  • Tata Steel among major losers

    17th April, 2009 14:45

    At 2:46 pm, Tata Steel was among major losers on the Nifty. It had touched an intraday high of Rs 287.50 and an intraday low of Rs 256. The share was quoting at Rs

  • Motilal Oswal Financial moves up

    17th April, 2009 14:34

    Motilal Oswal F has touched an intraday high of Rs 93 and an intraday low of Rs 87. At 2:29 pm the share was quoting at Rs 90.10, up Rs 5.40, or 6.38%. The company

  • IDBI Bank gains nearly 8%

    17th April, 2009 14:22

    IDBI Bank had touched an intraday high of Rs 64 and an intraday low of Rs 59.10. At 14:17 pm, the share was quoting at Rs 63.50, up Rs 4.65, or 7.90%. It was tradi

  • Arvind continues to rise

    17th April, 2009 14:12

    Arvind has countinued to rise. It had touched an intraday high of Rs 22.40 and an intraday low of Rs 20.80. At 2:08 pm, the share was quoting at Rs 21.37, up Rs 1.

  • Instanex FII Index up 2.95%

    17th April, 2009 14:12

    At 2 pm, the Instanex FII Index is up 2.95% at 248.48 (+2.59% at 1 pm) and the Instanex Retail 15 portfolio is up 2.98% (+2.48% at 1 pm). Nifty is up 2.63% (+2.61%

  • QIP gives Unitech some cash headroom: CNBC-TV18 analysis 

    17th April, 2009 14:05

    Cash-strapped realty major Unitech heaved a sigh of relief after it successfully closed a qualified institutional placement (QIP) of USD 325 million.

  • Allahabad Bank gains 10.6%

    17th April, 2009 13:58

    Allahabad Bank had touched an intraday high of Rs 54.70 and an intraday low of Rs 49.40. At 1:54 pm, the share was quoting at Rs 53.70, up Rs 5.15, or 10.61%. It w

  • Unitech adds 2 cr shares in open interest 

    17th April, 2009 13:52

    Turnover has been good from the last few days and on the Nifty side we have touched nearly Rs 10,000 crore. Unitech was up nearly Rs 10 and also addition of 2 cror

  • See capex of Rs 500cr in FY10: Container Corp 

    17th April, 2009 13:51

    Container Corporation net profit stands at Rs 188 crore and net sales at Rs 841 crore.Commenting on the company’s results, Rakesh Mehrotra, MD of Concor said,” The

  • PFC Q4 net profit up 32.2% at Rs 390.6 cr

    17th April, 2009 13:48

    Power Finance Corporation (PFC) has announced its fourth quarter numbers for the FY09. Its net profit increased by 32.2% to Rs 390.6 crore from Rs 295.4 crore.

  • Sell Hindalco Industries, target of Rs 46: IIFL

    17th April, 2009 13:37

    IIFL has downgraded its rating on Hindalco Industries to sell with a target price of Rs 46. The research firm expects Hindalco’s profitability and cash-flow to rem

  • Mkts rally; realty, banks, capital goods, IT surge

    17th April, 2009 13:27

    At 13.23 hrs IST - the markets were trading with strong gains but off day's high. The Sensex and the Nifty were up over 2% each. Strong buying interest was seen in

  • Buy BASF India, target of Rs 270: Sharekhan

    17th April, 2009 13:13

    Sharekhan has maintained its buy rating on BASF India with a price target of Rs 270. The net profit for the quarter has come in at Rs 5.5 crore, up by 24.3% year o

  • Hindalco among major losers

    17th April, 2009 13:00

    At 1:04 pm, Hindalco Industries was among the major losers on the Nifty. It had touched an intraday high of Rs 60.30 and an intraday low of Rs 54.80. The share was

  • Glenmark may license out pain management molecule: Sources 

    17th April, 2009 12:52

    Glenmark is likely to out-license its molecule GRC 10693––a pain management molecule––reports CNBC-TV18, quoting sources. It is also learnt from sources that they

  • ABB bounces back

    17th April, 2009 12:46

    ABB had touched an intraday high of Rs 525 and an intraday low of Rs 490. At 12:42 pm, the share was quoting at Rs 518.75, up Rs 26.30, or 5.34%. It was trading wi

  • Mkts strong; RIL, Infy, ICICI Bk, L&T, Bharti, NTPC lead

    17th April, 2009 12:40

    At 12:33 hours IST, the markets were witnessing huge buying interest, despite selling pressure at higher levels. Realty, banking, capital goods, power, telecom, me

  • Cipla in poor health

    17th April, 2009 12:34

    Cipla had touched an intraday high of Rs 240 and an intraday low of Rs 231.10. At 12:34 pm, the share was quoting at Rs 232, down Rs 7.15, or 2.99% on the Nifty. I

  • S Kumars shoots up smartly

    17th April, 2009 12:23

    S Kumars Nation had touched an intraday high of Rs 28 and an intraday low of Rs 25.50. At 12:18 pm, the share was quoting at Rs 27.75, up Rs 2.90, or 11.67%. It wa

  • Glenmark likely to receive payment of $ 40 mn, stock up

    17th April, 2009 12:08

    Glenmark Pharma had touched an intraday high of Rs 214.40 and an intraday low of Rs 185.55. At 12:09 pm, the share was quoting at Rs 210.40, up Rs 26, or 14.10% on

  • Virtual Tradeshows: Coming to a browser near you!

    17th April, 2009 12:02

    In keeping with the evolution of the Web, Biztech2.0, part of Web18, a TV18 Group company brings to its users its own Virtual Tradeshow platform, 'The Biztech2.0 E

  • DLF recoups losses

    17th April, 2009 11:55

    DLF had touched an intraday high of Rs 252.35 and an intraday low of Rs 234.45. At 11:52 am, the share was quoting at Rs 250.30, up Rs 15.65, or 6.67%. It was trad

  • Unitech's debt at Rs 8900 crore, land bank at 11,178 acres

    17th April, 2009 11:52

    Realty major Unitech has said it has debt of Rs 8,900 crore while its land reserves stood at 11,178.52 acres, as on March 31, 2009. As on March 27, Unitech’s promo

  • Larsen and Toubro back on track

    17th April, 2009 11:50

    Larsen and Toubro had touched an intraday high of Rs 883.30 and an intraday low of Rs 834. At 11:45 am, the share was quoting at Rs 878, up Rs 46.50, or 5.59%. It

  • Balrampur Chini has target of Rs 83: Bose 

    17th April, 2009 11:42

    Technical Analyst, Rajat K Bose is of the view that if Balrampur Chini sustains above Rs 78 then Rs 83 could be the next target.

  • Sell Unitech at Rs 58-60: Tulsian 

    17th April, 2009 11:36

    Investment Advisor SP Tulsian is of the view that one should sell Unitech at Rs 58-60. They diluted their stake in the telecom venture, mobilize their huge money.

  • Tata Steel can touch Rs 330: Bose

    17th April, 2009 11:25

    Technical Analyst, Rajat K Bose is of the opinion that if Tata Steel manages to sustain above the Rs 293-295 range then there is a possibility that it may actually

  • Unitech gains over 10%; futures add 1 cr shrs in OI 

    17th April, 2009 11:24

    Unitech, after the board approval of raising Rs 5,000 crore through QIP issue, gained over 10% in cash markets. Its futures added about 1 crore shares in OI with a

  • Remain invested in Suzlon Energy: Tulsian 

    17th April, 2009 11:21

    Investment Advisor SP Tulsian is of the view that one can remain invested in Suzlon Energy. The overall market cap of the company is close to 2 billion, which itse

  • Triveni Engineering recovers sharply

    17th April, 2009 11:16

    Triveni Engg had touched an intraday high of Rs 57.50 and an intraday low of Rs 52.55. At 11:12 am, the share was quoting at Rs 56.55, up Rs 4.75, or 9.17%. It was

  • Instanex FII Index up 2.51%

    17th April, 2009 11:01

    At 11 am, Indian markets have turned stronger, the Instanex Retail 15 portfolio is up 2.58% (+1.22% at 10 am) and the Instanex FII Index is up 2.51% (+1.30% at 10

  • A Chakrabarty positive on pharma space 

    17th April, 2009 10:54

    Amitabh Chakrabarty of Religare Securities is positive on pharma space.

  • Axis Bank minting money

    17th April, 2009 10:47

    Axis Bank had touched an intraday high of Rs 499.40 and an intraday low of Rs 473.80. At 10:43 am, the share was quoting at Rs 496.25, up Rs 25.60, or 5.44%. It wa

  • Sell Crude May around Rs 2620: Bonanza

    17th April, 2009 10:41

    Bonanza has recommended to sell Crude Oil May at around Rs 2620 with stoploss below Rs 2665 and target of Rs 2560-2525.

  • Buy Jeera May around Rs 12350-12300: Bonanza

    17th April, 2009 10:35

    Bonanza has recommended to buy Jeera May at around Rs 12350-12300, with stoploss below Rs 12150 and target of Rs 12600-12750.

  • Block deal in Power Grid; stk gains

    17th April, 2009 10:30

    Power Grid Corporation of India had touched an intraday high of Rs 97.20 and an intraday low of Rs 94.10. At 10:31 am the share was quoting at Rs 96.90, up Rs 2.30

  • Sweet gains in Bajaj Hindusthan

    17th April, 2009 10:28

    Bajaj Hindusthan had touched an intraday high of Rs 77.50 and an intraday low of Rs 72. At 10:24 am, the share was quoting at Rs 75.05, up Rs 4.95, or 7.06%. It wa

  • Reliance Infrastructure surges 4%

    17th April, 2009 10:16

    Reliance Infrastructure had touched an intraday high of Rs 677 and an intraday low of Rs 652. At 10:13 am, the share was quoting at Rs 670, up Rs 26.20, or 4.07%.

  • Instanex FII Index opens 1.30% higher

    17th April, 2009 10:12

    At 10 am, the Instanex FII Index is up 1.30% at 244.49 and the Instanex Retail 15 portfolio is up 1.22%. Sensex is up 1.46% and Nifty is up 1.40%.

  • Tata Motors has support at Rs 180-200: Sukhani 

    17th April, 2009 10:09

    Technical Analyst, Sudarshan Sukhani is of the view that Tata Motors has support at Rs 180-200.

  • Buy Suzlon, says Sukhani 

    17th April, 2009 10:00

    Technical Analyst, Sudarshan Sukhani is of the view that investors can buy Suzlon Energy.

  • Unitech to raise upto Rs 5000cr via QIP issue; stk up

    17th April, 2009 09:56

    Unitech had touched an intra day high of Rs 48.70 and an intra day low of Rs 45.10. At 09:57 am, the share was quoting at Rs 48.30, up Rs 5.10, or 11.81% on the NS

  • Expect market to rally today: Mohoni

    17th April, 2009 09:52

    European indices were strong last night, and the US markets rallied as well. Asian markets are also quite strong this morning, and the global short-term is up once

  • Wall Street ends higher 

    17th April, 2009 09:50

    Stocks took off in the last hour of trading after rocky session. The Dow ended up 95 points and Nasdaq higher by 43, closing at its highest levels since November;

  • Nifty has resistance at 3420-3460: ICICIdirect.com

    17th April, 2009 09:47

    According to ICICIdirect.com's report, the Nifty has supports at 3350 and 3310 and resistances at 3420 and 3460.

  • NAVs see sharp decline as mkts crash

    17th April, 2009 09:44

    As the benchmark indices retreated sharply and snapped the two-day rally on the back of profit booking in heavyweights, equity diversified NAVs also declined with

  • Nifty may rally upto 3469: Angel

    17th April, 2009 09:37

    According to Angel Broking's Market Outlook report, if Nifty trades above 3412 during the first half-an-hour of trade then it may witness a further rally up to 346

  • Domestic economy seeing a turnaround: Religare Sec 

    17th April, 2009 09:35

    Amitabh Chakraborty of Religare Securities said increasingly we are finding that domestic economy is turning. He added that the pricing of steel, auto, and cement

  • Sell USD April around 49.90-50: Bonanza

    17th April, 2009 09:28

    Bonanza has recommended to sell US Dollar April at around 49.90-50 with stoploss above 50.20 and target of 49.40.49.10.

  • Nifty Open Interest PCR declines to 1.59 versus 1.78 

    17th April, 2009 09:21

    Nifty Open Interest PCR declined at 1.59 versus 1.78. Nifty 3200 Put shed 11 lakh shares in Open Interest while Nifty 3500 Call added 8.7 lakh shares in Open Inter

  • Expect positive opening: Anagram

    17th April, 2009 09:17

    According to Anagram Research's report, the movement in the international bourses will ensure a positive opening for us today. But it remains to be seen whether th

  • Nifty ranged between 3250-3650: Deven Choksey 

    17th April, 2009 09:13

    Global cues have turned favourable and the downside looks limited. I see the Nifty ranged between 3250-3650 levels in the near-term, Deven Choksey said.

  • Raj TV Q4 net loss at Rs 3 cr

    17th April, 2009 09:11

    Raj Television Network has declared its fourth quarter results. The company's Q4 revenues were at Rs 19.49 crore versus Rs 8.64 crore on YoY basis. Its Q4 loss was

  • Suzlon unlikely to fall further

    17th April, 2009 09:10

    One would find Suzlon Energy at Rs 45-48 once again particularly if this correction carries on for a few more days. But looking at yesterday’s issue – whatever had

  • ASBA facility for SBT customers

    17th April, 2009 09:04

    Customers of State Bank of Travancore (SBT) can now use the Application Supported by Blocked Accounts (ASBA) facility while applying for an IPO, reports The Hindu

  • 10-year yield seen around 6.5%: Sundaram BNP Paribas

    17th April, 2009 09:00

    According to K Ramkumar, Sundaram BNP Paribas, the bond market is likely to find support at current levels. Demand for the Rs 12000 crore bond auction today is exp

  • Sensex has resistance at 11255: Gaba

    17th April, 2009 08:46

    The support for the Sensex is 10662-10444 and the resistance to the up move is at 11255. The support for the Nifty is at 3303-3238 and the resistance to the up mov

  • Fund Action witnessed in UB Holding, Alok Ind

    17th April, 2009 08:39

    Fund Action witnessed in United Breweries Holding, Alok Industries, Sintex Industries , Zicom, Educomp, Eicher Motors, Karuturi Global , SREI Infrastructure, South

  • F&O cues: Futures Open Int down by Rs 2392 cr

    17th April, 2009 08:30

    F&O cues: Futures Open Int down by Rs 2,392 crore, Options Open Int up by Rs 955 crore. Stock Futures shed 4.25 cr shares in Open Int.

  • Market cues: NSE F&O Open Int down by Rs 1437 cr

    17th April, 2009 08:27

    Market cues: NSE F&O Open Int down by Rs 1,437 crore at Rs 80,844 crore.

  • Nifty could test support levels around 3300 

    17th April, 2009 08:26

    FIIs were net buyers to the tune of Rs 497 crore while DIIs net sold Rs 1,124 crore in the cash markets (provisional figures). The Nifty could test support levels

  • Jet asks some operations staff to relocate

    17th April, 2009 08:22

    As part of a cost restructuring exercise, Jet Airways plans to rationalise operations staff in smaller bases such as Hyderabad, Chennai and Bangalore.

  • Stocks in news: Unitech, United Spirits, Punj Lloyd, Raj TV

    17th April, 2009 08:16

    Unitech, Satyam, Raj TV, Suzlon, United Spirits, Bhushan Steel, Punj Lloyd, Britannia, Gitanjali Gems and Motilal Oswal are stocks, which are in the news today.

  • Indian ADRs: Dr Reddys down 3.3%, Wipro up 3.2%

    17th April, 2009 08:10

    Indian ADRs: MTNL, Dr Reddys, Tata Comm, Stayam, Sterlite, Tata Motors, ICICI Bank plunged, while Wipro, Infosys, Patni and HDFC Bank gained.

  • Asian markets trading firm; Nikkei up 2.2%

    17th April, 2009 08:04

    At 8:03 am (IST), Asian markets were trading firm. Hong Kong's Hang Seng gained 1.77% or 276.46 points at 15,859.45. Japan's Nikkei rose 2.22% or 194.29 points at

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