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Moneycontrol News Archive : 20 April, 2009

  • RBI may tweak foreign bank norms in Credit Policy tomorrow 

    20th April, 2009 22:07

    In 2005 the Reserve Bank of India had released the road map for the presence of foreign banks in India and it was decided that it will be taken up for review four

  • Hilton eyes tie up with Indian cos aside of DLF 

    20th April, 2009 21:49

    Hospitality major Hilton international is looking to increase its operations in India. It is looking at tying up with companies other than DLF, with which it alrea

  • Piramal Healthcare Q4 PAT seen down 80% at Rs 25 cr

    20th April, 2009 20:43

    Piramal Healthcare is to announce its Q4FY09 results. According to CNBC-TV18 estimates, its consolidated net sales are seen up 15% at Rs 883 crore versus Rs 767.87

  • Sun deal gives Oracle access to Java platform: ZDNet 

    20th April, 2009 20:28

    Lawrence Dignan, Editor, ZDNet, said the deal gives Oracle access to Java on which its middleware is based. "Oracle has been playing around with hardware a little

  • IT sector needs to be visa independent: Narayana Murthy 

    20th April, 2009 20:17

    NR Narayana Murthy, Chief Mentor, Infosys Technologies, said the Indian IT sector needs to be visa independent.

  • Mkts consolidating, in midst of intermediate uptrend 

    20th April, 2009 19:13

    The market seems to be in the midst of an intermediate uptrend. There has been no major crack or decisive crack on the way down. It is now going through a process

  • Aluminium could test Rs 68 on downside: Sharekhan

    20th April, 2009 19:02

    According Sharekhan's report, Aluminium closed the week on a negative note with the formation of a bearish price pattern key exhaustion bar. Going forward, the whi

  • Markets end on a flat note: Nirmal Bang

    20th April, 2009 18:43

    According to Nirmal Bang's report, the markets remained choppy and volatile ahead of monetary policy tomorrow and ended on a flat note. The Sensex swung between 11

  • Shikha Sharma new MD, CEO Axis Bank 

    20th April, 2009 18:29

    Shikha Sharma has been named Axis Bank MD and CEO for a period of five years, reports CNBC-TV18. PJ Nayak, CEO, Axis Bank, dissented with Sharma's appointment and

  • Sesa Goa Q4 net profit down 33% at Rs 548 cr

    20th April, 2009 18:18

    Sesa Goa has announced its fourth quarter results. The company’s Q4 FY09 net sales were down 16% at Rs 1430 crore versus Rs 1705 crore.

  • SEBI bans GHCL founder Sanjay Dalmia from stock mkt 

    20th April, 2009 18:08

    The Securities and Exchange Board of India (SEBI) has barred Gujarat Heavy chemicals Limited (GHCL) founder and Chairman and Managing Director, Sanjay Dalmia from

  • RBI's Macro Economic survey revises FY10 GDP to 5.7% 

    20th April, 2009 17:59

    The Reserve Bank has released its Macro Economic report a day before the Credit Policy. The survey revises FY10 GDP to 5.7% and sees moderation in economic activit

  • European markets trading lower; CAC 40 down 3.23%

    20th April, 2009 17:59

    At 5.56 pm (IST), European markets were trading lower. CAC 40 fell 3.23% or 99 points at 2992.

  • Q4FY09 monetary policy preview: Angel

    20th April, 2009 17:42

    Angel Broking has come out with report on Q4FY2009 monetary policy preview. The research firm expects the RBI to maintain an unequivocally accomodative stance as t

  • RBI to be dovish in its credit policy: India Capital Mkts

    20th April, 2009 17:36

    According to India Capital Markets' report, overall, the research firm expect RBI to be dovish in its credit policy stance and language. However it do not see any

  • CIOs on how to downsize without impacting growth 

    20th April, 2009 17:30

    One reality that all CIOs are going to face in 2009 is that it is going to be a very tough year for them as companies struggle to cut cost. When tough times come,

  • Oracle agrees to buy Sun Microsystems for $7.4 bn

    20th April, 2009 17:26

    Oracle Corporation and Sun Microsystems have entered into a definitive agreement under which Oracle will acquire Sun common stock for $9.50 per share in cash.

  • Tech Mahindra & Satyam discuss transition

    20th April, 2009 17:13

    Tech Mahindra today announced that its representatives met with the Board of Directors and key executives of Satyam Computer Services Ltd. at their headquarters in

  • Axis Bank Q4 PAT up 60% at Rs 581.45 cr

    20th April, 2009 16:59

    Axis Bank has announced its fourth quarter results. The company's Q4 profit after tax, PAT was up by 60% at Rs 581.45 crore versus 361.4 crore.

  • Demystifying insurance 

    20th April, 2009 16:54

    A fall in the market has again shifted focus to endowment and money back policies. These products introduce the concept of clubbing insurance and investments many

  • IT, realty, banks stocks see sharp fall from day's high

    20th April, 2009 16:52

    The markets closed marginally lower. The benchmark indices traded higher in the first half of the trade then they turned negative in the second half of the trade.

  • Hold Container Corporation, target of Rs 800: Emkay

    20th April, 2009 16:44

    Emkay Global Financial Services has recommended a hold rating on Container Corporation of India with a target price at Rs 800. The company reported decline in the

  • NTPC has support at Rs 185: Gujral 

    20th April, 2009 16:35

    Technical Analyst, Ashwani Gujral is of the view that NTPC has support at Rs 185. He does not see too much upside in this

  • Spice Mobiles promoter makes open offer for 20% stake 

    20th April, 2009 16:29

    The promoter group company, Spice Televentures wants to consolidate its holding in Spice Mobiles. They made an open offer for 20%, post which the entire consolidat

  • Glenmark Pharma has resistance at Rs 244: Gujral 

    20th April, 2009 16:26

    Technical Analyst, Ashwani Gujral is of the view that Glenmark Pharma has a resistance at Rs 244.

  • Midcap-Smallcap IT stocks stupendous performer

    20th April, 2009 16:20

    The markets closed on a flat note amid volatility. The broader indices, midcap and smallcap outperformed the benchmark indices; they gained over 1.5% each. Midcap

  • Polaris records 79% growth in profits, 25% in revenues

    20th April, 2009 16:17

    Polaris For the year ended 31 March 2009, Profit after tax (PAT) rose by 79% to Rs. 130.71 crore from Rs. 73.22 crore last fiscal. Income grew by 25% to Rs. 1,377.

  • Experts analyse political economies of UP and Bihar 

    20th April, 2009 15:58

    In the run up to the elections, Indianomics goes electionomics it is seeking to analyze the political economies of the various states, at least all the powerful an

  • High performance in turbulent times 

    20th April, 2009 15:51

    We are discussing here high performance in times of turbulence, but if you speak with anybody in corporate India or even globally at this point in time, they will

  • Need a new language to raise cash? Learn it here 

    20th April, 2009 15:47

    The new language of fund raising – Enterprise Inc. tells you how to raise cash in this credit crunch. Everyone loves a bargain and Jai Gupta of The Loot, is making

  • Ranbaxy Laboratories an outperformer: Karvy

    20th April, 2009 15:24

    Karvy Stock Broking has upgraded its rating on Ranbaxy Laboratories to outperformer with a price target of Rs 215. Revenues for the quarter are expected to be lowe

  • NALCO continues to slide

    20th April, 2009 15:20

    NALCO touched an intraday high of Rs 240.60 and an intraday low of Rs 222.25. At 3:18 pm, the share was quoting at Rs 225, down Rs 7.95, or 3.41%. It was trading w

  • ICICI Bank turns down

    20th April, 2009 15:12

    ICICI Bank had touched an intraday high of Rs 456 and an intraday low of Rs 423.55. At 3:13 pm, the share was quoting at Rs 426.80, down Rs 14.05, or 3.19%. It was

  • Container Corporation of India an underperformer: Karvy

    20th April, 2009 15:00

    Karvy Stock Broking has rated Container Corporation of India a underperformer with a target price of Rs 706. Container Corporation of India (Concor) reported reven

  • Polaris declares Q4 numbers, stock up 6%

    20th April, 2009 14:59

    Polaris Software Lab had touched an intraday high of Rs 68.45 and an intraday low of Rs 61.55. At 2:53 pm, the share was quoting at Rs 64.05, up Rs 3.65, or 6.04%.

  • Asian markets end higher

    20th April, 2009 14:54

    Asian markets ended higher. China's Shanghai Composite advanced 2.14% or 53.521 points at 2,557.456. Hong Kong's Hang Seng rose 0.96% or 149.64 points at 15,750.91

  • Bartronics has target of Rs 150: S Samant 

    20th April, 2009 14:52

    Suhas Samant of Sharkehan is of the view that Bartronics has target of Rs 150. The company is trading around Rs 100 and earnings for FY09 is expected around Rs 22

  • Mkts choppy; NTPC, ICICI Bk, HDFC, TCS, ITC, Cipla dip

    20th April, 2009 14:50

    At 14:47 hours IST, the benchmark indices were trading lower amid volatility. Selling was seen in pharma, banking, FMCG, technology stocks and in stocks like NTPC,

  • Oudh Sugar announces results, stock down

    20th April, 2009 14:41

    Oudh Sugar Mill touched an intraday high of Rs 52.45 and an intraday low of Rs 47.75. At 2:36 pm, the share was quoting at Rs 47.80, down Rs 2.45, or 4.88%. The co

  • Reliance Infrastructure can test Rs 900: Gujral 

    20th April, 2009 14:41

    Technical Analyst, Ashwani Gujral is of the view that Reliance Infrastructure is looking extremely strong. It could head all the way up to Rs 900.

  • UltraTech Cement Q4 PAT seen up 7% at Rs 304 cr

    20th April, 2009 14:33

    UltraTech Cement is to declare its Q4FY09 numbers. According to CNBC-TV18 estimates, its profit after tax, PAT is seen going up by 7% at Rs 304 crore versus Rs 282

  • Crude has resistance at USD 55/bbl 

    20th April, 2009 14:23

    Crude prices declined 4% in the last week and are trading 2% down. Crude holds USD 50 per barrel and USD 55 per barrel on the higher side is the resistance.

  • Instanex FII Index down 0.02%

    20th April, 2009 14:19

    At 2 pm, the Instanex Retail 15 portfolio is up 0.20% (+0.97% at 1 pm), the Instanex Promoter 15 portfolio is up 0.05% (+0.88% at 1 pm) and the Instanex FII Index

  • RBI may project 6-6.5% growth in Credit Policy: Poll

    20th April, 2009 14:08

    The Reserve Bank of India will announce its credit policy tomorrow. According to a CNBC-TV18 poll, 42% of the respondents are of the opinion that the RBI will proj

  • European markets trading weak; CAC down 1.5%

    20th April, 2009 13:57

    At 1:53 pm (IST), European markets were trading weak. CAC 40 fell 1.57% or 48.61 points at 3,043.35. DAX declined 1.25% or 58.26 points at 4,618.58. FTSE 100 was d

  • Hold HDFC, target of Rs 1818: Sharekhan

    20th April, 2009 13:50

    Sharekhan has revised its rating on Housing Development Finance Corporation from buy to hold with a revised price target of Rs 1818. In context of the near-term fu

  • HCC advances 9%

    20th April, 2009 13:46

    Hindustan Construction Company, HCC touched an intraday high of Rs 63.25 and an intraday low of Rs 55.15. At 1:41 pm, the share was quoting at Rs 60.50, up Rs 5, o

  • ABG Shipyard bounces back

    20th April, 2009 13:43

    ABG Shipyard bounced back today. It touched an intraday high of Rs 129.90 and an intraday low of Rs 117.60. At 1:38 pm, the share was quoting at Rs 126.30, up Rs 1

  • Buy Tata Tea, target of Rs 820: Hem Securities

    20th April, 2009 13:37

    Hem Securities has reiterated a buy rating on Tata Tea with a target price of Rs 820. The research firm believes that Tata Tea’s focus on new geographies and new i

  • Don't expect rate cut from tomorrow's Policy meet: IDFC MF 

    20th April, 2009 13:28

    Commenting on the expectations from this year’s credit policy, Naval Bir Kumar, MD, IDFC MF, said, he does not expect a rate cut. “We would expect them to reiterat

  • Instanex FII Index up 0.77%

    20th April, 2009 13:27

    At 1 pm, the Instanex Retail 15 portfolio is 0.97% (+1.38% at 12 noon), the Instanex Promoter 15 portfolio is up 0.88% (+1.25% at 12 noon) and the Instanex FII Ind

  • Mkts positive amid volatility: metal, realty, banks gain

    20th April, 2009 13:23

    At 13:23 hours IST - the markets were trading in a positive terrain amid volatility. Buying interest was seen in metal, capital goods, realty, banks, auto and tele

  • Bajaj Finserv- Allianz Global Investors to set up an AMC JV

    20th April, 2009 13:02

    Bajaj Finserv Limited and Allianz Global Investors sign Shareholders’ Agreement to set up an Asset Management Joint Venture company in India

  • GMR Infrastructure moves further

    20th April, 2009 12:56

    GMR Infrastructure touched an intraday high of Rs 117.65 and an intraday low of Rs 104. At 12:51 pm, the share was quoting at Rs 114.55, up Rs 5.45, or 5%. It was

  • Hold Allahabad Bank: P Sekhar 

    20th April, 2009 12:44

    P Phani Sekhar of Angel Broking is of the view that one can hold Allahabad Bank.

  • Soundarya Rajinikanth's tie-up with WB ends

    20th April, 2009 12:38

    The two companies were having problems in communication. Rajinikanth's daughter Soundarya's tie-up with Hollywood major Warner Bros for Goa has ended, sources in t

  • ABB gains further ground

    20th April, 2009 12:32

    ABB touched an intraday high of Rs 540 and an intraday low of Rs 507.25. At 12:28 pm, the share was quoting at Rs 537, up Rs 30.05, or 5.93%. It was trading with v

  • Merck Q1 net profit at Rs 8.61 cr

    20th April, 2009 12:22

    Merck has declared its first quarter results. The company's net sales were at Rs 98.83 crore versus Rs 83.3 crore on YoY basis. Its net profit was at Rs 8.61 crore

  • Kingfisher Airlines soars high

    20th April, 2009 12:19

    Kingfisher Airlines touched an intraday high of Rs 40.30 and an intraday low of Rs 36.80. At 12:15 pm, the share was quoting at Rs 38.90, up Rs 2.95, or 8.21%. It

  • Solid gain for Jindal Steel

    20th April, 2009 12:08

    Jindal Steel touched an intraday high of Rs 1,596 and an intraday low of Rs 1,432.25. At 12:04 pm, the share was quoting at Rs 1,582.25, up Rs 168.55, or 11.92%. I

  • Pennar Ind to consider buyback of equity shares; stk up 5%

    20th April, 2009 12:01

    Pennar Industries touched an intraday high of Rs 22.05 and an intraday low of Rs 22. At 11:56 am, the share was quoting at Rs 22.05, up Rs 1.05, or 5%. The company

  • Suzlon Energy gushes forth

    20th April, 2009 11:55

    Suzlon Energy touched an intraday high of Rs 61.25 and an intraday low of Rs 57.90. At 11:56 am, the share was quoting at Rs 60.55, up Rs 2.65, or 4.58%. It was tr

  • What's hot, what's not with mutual funds?

    20th April, 2009 11:45

    Mutual funds bought GVK Power, IDFC, Gujarat State Petronet and Hindalco Industries in a big way in March, 2009 while Amtek Auto, Cambridge Solutions, Marico and M

  • Seamec enters into agreement with Dulam Intl, stk up

    20th April, 2009 11:41

    Seamec touched an intraday high of Rs 73.10 and an intraday low of Rs 72.05. At 11:35 am, the share was quoting at Rs 73.10, up Rs 3.45, or 4.95%. The company has

  • 70% CEOs see more pain but confident about capex: Poll

    20th April, 2009 11:34

    CNBC-TV18 came up with Corporate Confidence Poll and the respondents for the poll include Kris Gopalakrishnan of Infosys, RC Bharghava of Maruti, Pawan Geonka of M

  • Hero Honda Q4 PAT seen up 30% at Rs 387 cr

    20th April, 2009 11:31

    Hero Honda is to announce its fourth quarter results. According to CNBC-TV18 estimates, the company’s Q4FY09 revenues are seen up 19.5% at Rs 3331 crore versus Rs

  • Spice Mobiles open offer at Rs 10.9/shr; stk down

    20th April, 2009 11:24

    Spice Mobiles touched an intraday high of Rs 11.74 and an intraday low of Rs 11.20. At 11:19 am, the share was quoting at Rs 11.20, down Rs 0.58, or 4.92%. The com

  • IDFC maintains its march ahead

    20th April, 2009 11:17

    IDFC touched an intraday high of Rs 72.20 and an intraday low of Rs 67.55. At 11:13 am, the share was quoting at Rs 72, up Rs 5.50, or 8.27%. It was trading with v

  • Glenmark Pharma in good health

    20th April, 2009 11:14

    Glenmark touched an intraday high of Rs 206.80 and an intraday low of Rs 190. At 11:10 am, the share was quoting at Rs 205.65, up Rs 18.45, or 9.86%. It was tradin

  • Mkts northbound amid choppy trade; realty, metal gain

    20th April, 2009 11:10

    At 11:07 hours IST, the benchmark indices added some more gains and moved up further, as realty, metal, banking, capital goods, power, auto and cement stocks were

  • HCL Technologies surges 5.6%

    20th April, 2009 11:02

    HCL Technologies touched an intraday high of Rs 137 and an intraday low of Rs 130. At 10:58 am, the share was quoting at Rs 136.50, up Rs 7.30, or 5.65%. It was tr

  • Bajaj Fin to ink JV with Allianz for AMC; stk up 8.8%

    20th April, 2009 10:57

    Bajaj Finserv touched an intraday high of Rs 218.35 and an intraday low of Rs 200.20. At 10:52 am, the share was quoting at Rs 216, up Rs 17.50, or 8.82%. The comp

  • Indian mkt extremely cheap v/s China: Nomura 

    20th April, 2009 10:53

    Comparing India with China, Paul Schulte Chief Regional Equity Strategist of Nomura said," India is extremely cheap compared to China." He believes that there is a

  • Prefer S Kumars to Core Projects: Bose 

    20th April, 2009 10:46

    Technical Analyst, Rajat K Bose is of the view that one can prefer S Kumars than Core Projects. Even at these current levels, one can put a stoploss below Rs 25 an

  • Dollar looks strong against major currencies: IndusInd Bank

    20th April, 2009 10:40

    According to Mr. J. Moses Harding, Head Global Markets Group, IndusInd Bank, stock market is struggling to hold on to the significant rally but with good two-way i

  • US FDA finds glitches in Cipla's Goa, Bangalore plants 

    20th April, 2009 10:39

    The US-Food and Drug Administration (FDA) finds gaps at Cipla, finds nine deviations at the company’s Goa and Banglore plant. Clarifying their stand the company sa

  • SBI, ICICI Bank look cheap: V Kapoor 

    20th April, 2009 10:35

    Vibhav Kapoor of IL&FS Investmart believes that SBI and ICICI Bank are still looking cheap as compared to the rest of the market.

  • TCS Q4 revenues seen at Rs 7,281.7 cr 

    20th April, 2009 10:27

    TCS is to announce its fourth quarter numbers of FY09. According to CNBC-TV18 estimates, its Q4 net profit is expected to go down by 2.6% at Rs 1,316.9 crore versu

  • Mkts gain amid volatility; midcaps, smallcaps outperform

    20th April, 2009 10:21

    At 10:17 hours IST , the benchmark indices were trading higher amid volatility. Shares of banking, auto, realty, cement, metal, private power companies and stocks

  • Vakrangee Soft bags order worth $ 15.7mn; stk gains

    20th April, 2009 10:15

    Vakrangee Software touched an intraday high of Rs 33.05 and an intraday low of Rs 32.40. At 10:10 am, the share was quoting at Rs 33.05, up Rs 1.55, or 4.92%. The

  • Sell Gold MCX June Future at Rs 14031: Hem

    20th April, 2009 10:13

    Hem Securities has recommended to sell Gold MCX June Future at Rs 14031 with a stoploss of Rs 14124 and a target of Rs 13851.

  • Tata Comm among major gainers

    20th April, 2009 10:09

    At 10.10 am, Tata Communications was among the major gainers on the Nifty. It touched an intraday high of Rs 574.80 and an intraday low of Rs 556. The share was qu

  • FDA finds 9 deviations at Bangalore plant of Cipla;stk dips

    20th April, 2009 10:02

    Cipla touched an intraday high of Rs 226.90 and an intraday low of Rs 211. At 10:01 am, the share was quoting at Rs 215.55, down Rs 14.45, or 6.28% on the NSE. Aft

  • Nifty has resistance at 3420: Nirmal Bang

    20th April, 2009 09:57

    According to Nirmal Bang's report, the immediate short-term support for nifty is placed at 3,310 – 3,230 region and a fall below will create more pressure and nift

  • Mkts choppy; NTPC, Bharti, BHEL, Infy, Cipla, HDFC weak

    20th April, 2009 09:52

    The markets opened on a positive note but immediately turned choppy following the mixed cues from the Asian markets. Among the frontliners, Unitech, Suzlon Energy,

  • Stocks set to retreat: Khandwala Securities

    20th April, 2009 09:49

    According to Khandwala Securities' Market report, the stocks are set to retreat, in a probable U-turn, after a six- week sprint that bloated the Sensex 41% from Ma

  • Buy Tata Steel, Sterlite Industries on decline: Bose 

    20th April, 2009 09:45

    Technical Analyst, Rajat K Bose is of the view that one can buy Tata Steel and Sterlite Industries on decline.

  • Nifty may correct up to 3332-3281: Angel

    20th April, 2009 09:35

    According to Angel Broking's Market Outlook report, if NIFTY trades below 3411 for the first half-an-hour of trade then it may correct up to 3332 – 3281.

  • Expect positive earning from IBM 

    20th April, 2009 09:29

    On Monday morning we begin this week thumbing up 6 weeks in a row of gains in the market, the Dow starting the day at 8,131 that is a 2-month high. We also hear fr

  • See Nifty touching 3800 in medium term: Vibhav Kapoor 

    20th April, 2009 09:24

    Vibhav Kapoor of IL&FS said the markets have seen around 40% sort of run-up in a time period of 5-6 weeks. “I believe the market will be range-bound between 3,300

  • Nifty has support 3200-3250: Reliance Money

    20th April, 2009 09:20

    According to Reliance Money's report, for weekly trade, as mentioned earlier, NIFTY continues to see 3200-3250 range as an important support with next support pegg

  • Investor sentiment turning up: Tyche Group 

    20th April, 2009 09:14

    Stephen Gollop of Tyche Group said for the short-term there is good news for Asia markets because the money sitting on the side lines is coming in. The investor se

  • Sensex has support at 10900: Anagram

    20th April, 2009 09:07

    According to Anagram Research's report, on the downside, there is support at 10900 and as long as the benchmark remains above this mark, it will always be within k

  • Nifty has support at 3350: FinQuest Securities

    20th April, 2009 09:04

    According to FinQuest Securities' report, a breach of immediate support of the rising channel at 3350 will lead to Nifty falling towards 3300/3250 levels for the d

  • Rupee opens at Rs 50.04 per dollar

    20th April, 2009 09:01

    The Indian Rupee opened at Rs 50.04 per dollar versus Rs 49.87 on Friday.

  • Maytas Infra's FY09 public issue should be probed: SFIO 

    20th April, 2009 08:58

    The Serious Fraud Investigation Office (SFIO) said Maytas Infrastructure’s FY2008-09 public issue should be probed. The company allotted shares without crediting e

  • Mkt to trade +ve with target at 3800: Devesh Kumar 

    20th April, 2009 08:55

    The market is seen trading with a positive bias with the near-term target for the Nifty at 3800, Devesh Kumar said.

  • Gold trades at 3-week lows on increase in risk appetite 

    20th April, 2009 08:36

    Gold was trading at 3-week lows on increase in risk appetite. Strengthening $ and Euro at 1-week lows were also putting pressure on gold prices. Firm equities,

  • BSNL ties up with Novatium for rural broadband service

    20th April, 2009 08:34

    Bharat Sanchar Nigam Ltd (BSNL) along with the Chennai-based Novatium Solutions will soon roll out broadband services with ‘thin client’ technology in rural areas.

  • GE, Citi report better-than-expected earnings 

    20th April, 2009 08:33

    Citi stock ended 9% down but managed to gain nearly 20% last week. Its first quarter net loss stood at $0.18 a share against expected loss of $0.34/sh. GE

  • F&O cues: Futures Open Int down by Rs 224 cr

    20th April, 2009 08:30

    F&O cues: Futures Open Int down by Rs 224 crore, Options Open Int up by Rs 1,589 crore. Stock Futures add 2.8 crore shares in Open Int.

  • Slowdown hits credit cards business

    20th April, 2009 08:29

    The negative impact of the economic slowdown is clearly showing on the credit cards segment. The number of outstanding credit cards declined drastically by 28 lakh

  • Stocks in news: SpiceJet, TCS, Tech Mah, Cipla, Maytas

    20th April, 2009 08:28

    Satyam, Maytas Infra, TCS, Tech Mahindra, Cipla, SpiceJet, Bajaj Finserve, Apollo Hospital, Reliance Power, Pantaloon, Jagran Prakshan, Tata Motors, Unitech, DLF,

  • Market cues: FIIs net buy $98.1 mn

    20th April, 2009 08:26

    Market cues: FIIs net buy USD 98.1 milion in equity on April 16.

  • Nifty has support at 3350-3132: Gaba

    20th April, 2009 08:20

    The supports for the Sensex are at 10761-10099 and resistance to the up move is at 11295-11695. The supports for the Nifty on the way down are at 3350-3132 and res

  • Expect flat to negative opening: Gujral

    20th April, 2009 08:12

    The market may have flat to negative opening today. Nifty has supports at 3300-3330 and resistance is at 3500.

  • Asia trading lower; Hang Seng, Nikkei down

    20th April, 2009 08:00

    Asian markets were trading lower. Hong Kong's Hang Seng fell 1.16% or 180.66 points at 15,420.61. Japan's Nikkei declined 0.96% or 85.29 points at 8,822.29. Singap

  • SFIO report enough to nail Raju, others: Sources 

    20th April, 2009 21:57

    The Serious Fraud Investigation Office report on the Satyam scam unravels the scandal in great detail. Even though its contents are under the wraps, sources sugges

  • Growth prospects of Satyam still excellent: BCG 

    20th April, 2009 21:02

    James Abraham Leader - Technology & Communications, BCG feels the growth prospects of the company is superb but needs some restructuring. “Satyam has a fantastic r

  • MFs net buy Rs 421 cr on April 17

    20th April, 2009 20:30

    On April 17, Mutual Funds (MFs) were net buyers to the tune of Rs 421 crore in equities. They made gross purchase of Rs 936 crore and gross sales of Rs 514 crore.

  • FIIs net buy Rs 4277 cr in April so far

    20th April, 2009 20:23

    On April 17, Foreign Institutional Investors (FIIs) were net buyers to the tune of Rs 789.00 crore in equities. They made gross purchase of Rs 2,547.60 crore and g

  • TCS board approves 1:1 bonus issue; eyes Rs 13.54 EPS 

    20th April, 2009 19:30

    In a press conference the TCS management said that the board had approved a 1:1 bonus issue subject to shareholder approval. It pegs the company’s Q4 EPS at Rs 13.

  • US markets trading weak; Dow down 202 points

    20th April, 2009 19:07

    At 19.47 hrs (IST)- The US markets were trading weak. The Dow Jones Industrial Average was down 202.15 points, or 2.49%, to 7,929.18. The Nasdaq was down 50.53 poi

  • TCS FY09 Indian GAAP cons PAT up 5% at Rs 5256.4 cr

    20th April, 2009 18:44

    TCS has announced its FY09 and fourth quarter results. The company's FY09 Indian GAAP consolidated net profit was up 4.5% at Rs 5256.4 crore versus Rs 5026 crore.

  • Markets end in red : Sharekhan

    20th April, 2009 18:35

    According to Sharekhan's report, the market returned to stability in the afternoon and gradually picked up momentum on healthy buying in metal and realty stocks. B

  • SEBI finds GHCL reporting false shareholding details

    20th April, 2009 18:24

    SEBI has found that GHCL Ltd. have been reporting false shareholding details of the promoters in their quarterly filing with the Stock Exchanges.

  • See support for crude around $46-47/bbl: Karvy Comtrade 

    20th April, 2009 18:18

    Ashok Mittal of Karvy Comtrade sees the USD 48 per barrel support holding for crude. However, he was quick to add that there is a lot of volatility on expiry days,

  • Battle for North Mumbai: Ram Naik vs Sanjay Nirupam 

    20th April, 2009 18:01

    Beautiful People interviews two politicians vying for the same Lok Sabha seat. On the one hand is Ram Naik, career politician and former Union Minister and on the

  • Asit C. Mehta neutral on Infosys Techonologies

    20th April, 2009 17:59

    Asit C. Mehta has recommended a neutral rating on Infosys Techonologies with a price target of Rs 1,325. The research firm expects operating profit and net profit

  • Rupee has support at 50.02-49.93/$: Commtrendz

    20th April, 2009 17:53

    According to Commtrendz Research's report on Indian Rupee, immediate supports are at 50.02-49.93 followed by 49.65-49.55. Immediate resistance falls around 50.50/5

  • See high profit booking prior to elections: Kotak Sec 

    20th April, 2009 17:36

    SA Narayan, MD, Kotak Securities sees some amount of profit taking as a substantial number of traders would sell before the elections. However, he said there is a

  • FY10 EPS seen at Rs 15: Polaris

    20th April, 2009 17:31

    Polaris Software Lab has announced its fourth quarter results. The company's Q4 net profit was at Rs 32.1 crore versus 37.16 crore on QoQ basis.

  • Unitech sheds 27 lakh shares in open interest 

    20th April, 2009 17:30

    Today’s turnover was around Rs 85,000 crore. The turnover in the Nifty was around 14,000 crore. Unitech opened up nearly 7-8% but during the day the markets saw t

  • Rupee ends lower, bonds higher

    20th April, 2009 17:13

    The Indian rupee ended lower as banks bought dollars for FIIs as local shares ended weak. Banks also bought dollars noting rise in NDF dollar/rupee rate. But, expo

  • Balrampur Chini can go upto Rs 85-90: Gujral 

    20th April, 2009 17:00

    Technical Analyst, Ashwani Gujral is of the view that Balrampur Chini Mills can go upto Rs 85-90.

  • Hind Zinc Q4 net profit seen down 67% at Rs 424 cr

    20th April, 2009 16:54

    Hindustan Zinc is to announce its Q4FY09 standalone numbers. According to CNBC-TV18 estimates, its net profit is expected to go down by 67% at Rs 424 crore versus

  • Indian Overseas Bank a marketperformer: Karvy

    20th April, 2009 16:52

    Karvy Stock Broking has rated Indian Overseas Bank as a marketperformer with a price target of Rs 72. For Q4FY09, the research firm expects growth in net interest

  • Instanex FII Index down 0.64%

    20th April, 2009 16:46

    At close, the Instanex Promoter 15 portfolio is down 0.10% (-0.92% at 3 pm), the Instanex Retail 15 portfolio was down 0.28% (-0.92% at 3 pm) and the Instanex FII

  • Skindia GDR Index down 0.68% to 1401.75

    20th April, 2009 16:37

    The Skindia GDR Index was down marginally 0.68% to 1401.75 at 3:30 pm IST over the previous day’s 3:30 pm IST Index. The Top DR losers were: Mahindra (-6.38%), R

  • Sonata FY09 Consolidated Net Up 31% to Rs 76.6 crore

    20th April, 2009 16:33

    For the year ended 31st March, 2009, Sonata Software’s Consolidated Revenues grew by 11% to Rs.1591 crores (Rs.1428 crores) and Consolidated Net Profit increased b

  • Logix Microsystems FY09 total revenue up by 16%

    20th April, 2009 16:27

    Logix Microsystems FY09 total revenue up by 16%. During the year, the company posted a growth of 16 per cent in total revenue at Rs. 57.49 crores as compared to Rs

  • Rahul Bajaj - India Inc's voice in parliament 

    20th April, 2009 16:22

    Heading the Bajaj Group since 1965, Rahul Bajaj created one of India’s best known companies Bajaj Auto. Elected to the Rajya Sabha from Maharashtra with cross part

  • Manmohan vs Advani: War of words reach fever pitch 

    20th April, 2009 16:17

    Suddenly this election has come alive and unfortunately what has done it is a series of angry exchanges between the Prime Minister and the leader of the opposition

  • Canara Bank an underperformer: Karvy

    20th April, 2009 16:00

    Karvy Stock Broking has rated Canara Bank as an underperformer with a price target of Rs 165. In 4th QFY09, the research firm expects Canara Bank to record 20% (Y/

  • 20% open offer for Satyam to be announced today 

    20th April, 2009 15:57

    The first official interaction between the Satyam board and Tech Mahindra management, post the deal, has taken place today. Kiran Karnik, the Chairman of the gover

  • Travel to South Africa have doubled: Thomas Cook 

    20th April, 2009 15:49

    Nalini Gupta, President and Marketing, Thomas Cook India, said foreign tours in general have not picked up, but South Africa has being favoured after IPL. "The num

  • Mkts close flat; midcaps, smallcaps outperform

    20th April, 2009 15:39

    The benchmark indices closed the first day of the week on a flat note amid volatility. Both indices were positive in the first half of trade while they turned nega

  • How Satyam got sold! 

    20th April, 2009 15:24

    The beleaguered Satyam finally found a new owner in Tech Mahindra. The government appointed board at Satyam has pulled off the unthinkable and helping that board’s

  • Instanex FII Index down 1.20%

    20th April, 2009 15:19

    At 3 pm, the Instanex Top 15 portfolio is down 1.23% (-0.23% at 2 pm), the Instanex DII 15 portfolio is down 1.22 % (-0.18% at 2 pm) and the Instanex FII Index is

  • ACC Q1 PAT seen up 12% at Rs 359.5 cr

    20th April, 2009 15:10

    ACC is to announce its Q1CY09 standalone numbers. According to CNBC-TV18 estimates, its profit after tax, PAT is expected to go up by 12% at Rs 359.5 crore versus

  • Markets struggling to find fresh momentum 

    20th April, 2009 15:00

    A bit of an attempt of an upmove during the course of the day and then faltering around 3,450-3,500; it has happened for the fourth time now. The market has been r

  • KPIT Cummins takes a dip

    20th April, 2009 14:55

    KPIT Cummins Infosystems touched an intraday high of Rs 41.95 and an intraday low of Rs 38. At 2:50 pm, the share was quoting at Rs 38.40, down Rs 2.65, or 6.46%.

  • Kingfisher Airlines adds 13 lakh shares in OI 

    20th April, 2009 14:53

    Some sort of fresh buying was taking place in Kingfisher Airlines; nearly 13 lakh shares added in open interest (OI).

  • Punj Lloyd slips further

    20th April, 2009 14:51

    Punj Lloyd had touched an intraday high of Rs 124.50 and an intraday low of Rs 111.50. At 2:47 pm, the share was quoting at Rs 111.90, down Rs 7.45, or 6.24%. It w

  • Voltamp Trans has target of Rs 600-625: S Samant 

    20th April, 2009 14:49

    Suhas Samant of Sharkehan is of the view that Voltamp Transformers has target of Rs 600-625.

  • NTPC adds 18 lakh shares in OI

    20th April, 2009 14:41

    NTPC added about 18 lakh shares in open interest, OI. Infrastructure stocks were buzzing today; GMR Infrastructure saw a build up of 9 lakh shares in OI. Kingfishe

  • Polaris Q4 net profit at Rs 32.1 cr

    20th April, 2009 14:38

    Polaris Software Lab has announced its fourth quarter results. The company's net profit was at Rs 32.1 crore versus 37.16 cr QoQ

  • Zee Entertainment puts on a good show

    20th April, 2009 14:29

    Zee Entertainment Enterprises touched an intraday high of Rs 135.50 and an intraday low of Rs 127.95. At 2:30 pm, the share was quoting at Rs 132.50, up Rs 4.80, o

  • Ambuja Cements Q1 PAT seen up 6% at Rs 360.6 cr

    20th April, 2009 14:19

    Ambuja Cements is to come out with Q1CY09 (standalone) numbers. According to CNBC-TV18 estimates, the company's profit after tax, PAT is seen going up by 6% at Rs

  • GVK Power gains smartly

    20th April, 2009 14:16

    GVK Power & Infrastructure touched an intraday high of Rs 26.65 and an intraday low of Rs 24.90. At 2:11 pm, the share was quoting at Rs 26.45, up Rs 1.65, or 6.65

  • Mkts weak amid volatility; technology, pvt financials slip

    20th April, 2009 13:59

    At 1:55 hours IST, the benchmark indices were witnessing choppy trade while broader indices were outperforming the equity benchmarks. Telecom, metal, capital goods

  • NTPC among major losers

    20th April, 2009 13:53

    At 1:54 pm, NTPC was among major losers on the Nifty. It touched an intraday high of Rs 195 and an intraday low of Rs 186.60. The share was quoting at Rs 186.90, d

  • Satyam Computer moves up smartly

    20th April, 2009 13:49

    Satyam Computer Services touched an intraday high of Rs 48.20 and an intraday low of Rs 45.70. At 1:45 pm, the share was quoting at Rs 47.60, up Rs 2.10, or 4.62%.

  • Power Finance marches ahead

    20th April, 2009 13:43

    Power Finance Corporation touched an intraday high of Rs 165.45 and an intraday low of Rs 156. At 1:38 pm, the share was quoting at Rs 164, up Rs 9.40, or 6.08%. I

  • Oudh Sugar Mills Q3 net profit at Rs 10.8 cr

    20th April, 2009 13:42

    Oudh Sugar Mills has announced its third quarter numbers. Its Q3 net profit declined at Rs 10.8 crore versus Rs 16.7 crore.

  • Tata Tele to launch GSM ops in southern states, stk up

    20th April, 2009 13:34

    TataTeleservice touched an intraday high of Rs 26.40 and an intraday low of Rs 24.75. At 1:31 pm, the share was quoting at Rs 25.80, up Rs 0.80, or 3.20% on the NS

  • Invest in domestic consumption linked stocks: P Lilladhar 

    20th April, 2009 13:27

    Apurva Shah, VP and HOR, Prabhudas Lilladhar said the liquidity situation has improved quite a lot, but the actual economy still has a long way to go. "Financial m

  • Reliance Power flares up

    20th April, 2009 13:24

    Reliance Power had touched an intraday high of Rs 123 and an intraday low of Rs 118. At 1:20 pm, the share was quoting at Rs 121.90, up Rs 5.95, or 5.13%. It was t

  • Buy Sonata Software: Parag Parikh

    20th April, 2009 13:20

    Parag Parikh Financial Advisory Services has maintained a buy rating on Sonata Software. Overall for the full year, sonata has reported near expected results with

  • Tata Motors gears up

    20th April, 2009 13:00

    Tata Motors touched an intraday high of Rs 249.50 and an intraday low of Rs 231.30. At 12:59 pm, the share was quoting at Rs 245.20, up Rs 8.90, or 3.77%. It was t

  • Instanex FII Index up 1.04%

    20th April, 2009 12:55

    At 12 noon, the Instanex Retail 15 portfolio is unchanged (+1.38% at 11 am), the Instanex Promoter 15 portfolio is up 1.25% (+1.31% at 11 am) and the Instanex FII

  • Sensex best performer among BRIC markets: Tyche Group 

    20th April, 2009 12:41

    Julian Galvin, Associate Director, Tyche Group said the credit markets will take a while to unfreeze. "Sensex is up 38% and is best performer in the Brazil, Russia

  • No possibility of merger: Tech Mahindra to Satyam employees 

    20th April, 2009 12:33

    Industry sources point out that there is no possibility of a merger between Tech Mahindra and Satyam anytime soon. It is the first time that Tech Mahindra is meeti

  • Rolta India bounces back

    20th April, 2009 12:22

    Rolta India touched an intraday high of Rs 106.65 and an intraday low of Rs 95.10. At 12:17 pm, the share was quoting at Rs 103.30, up Rs 7.65, or 8%. It was tradi

  • Mkts trade higher; banks, telecom, metal, auto, realty rise

    20th April, 2009 12:22

    At 12:18 hours IST, the markets were trading higher but there was some selling pressure at higher levels. Shares of oil & gas exploration, banking, telecom, metal,

  • Essar Oil continues to rise

    20th April, 2009 12:16

    Essar Oil touched an intraday high of Rs 171 and an intraday low of Rs 158. At 12:12 pm, the share was quoting at Rs 166.25, up Rs 9.20, or 5.86%. It was trading w

  • Lanco Infratech makes smart gain

    20th April, 2009 12:05

    Lanco Infratech touched an intraday high of Rs 225 and an intraday low of Rs 216. At 12 pm, the share was quoting at Rs 221.40, up Rs 8.65, or 4.07%. It was tradin

  • Reliance Comm advances 4.2%

    20th April, 2009 12:00

    Reliance Communications touched an intraday high of Rs 228.40 and an intraday low of Rs 217.30. At 12:01 pm, the share was quoting at Rs 227.40, up Rs 9.20, or 4.2

  • Axis Bank FY09 PAT seen up 59% at 1680 cr

    20th April, 2009 11:50

    Axis Bank is to announce its FY09 and fourth quarter results. According to CNBC-TV18 estimates its FY09 consolidated NII is seen up 42% at Rs 3677 crore versus Rs

  • Hold Allahabad Bank: Bhambwani 

    20th April, 2009 11:43

    Technical Analyst, Vijay Bhambwani is of the view that one can hold Allahabad Bank. It has a potential to go to Rs 58, should the market remain either positive to

  • Accumulate SAIL on declines: P Sekhar 

    20th April, 2009 11:38

    P Phani Sekhar of Angel Broking is of the view that one can accumulate Steel Authority of India, SAIL on declines. The near-term is going to be more challenging fo

  • Instanex FII Index up 1.16%

    20th April, 2009 11:33

    At 11 am, Indian markets have turned stronger, the Instanex Retail 15 portfolio is up 1.38% (+0.08% at 10 am), the Instanex Promoter 15 portfolio is up 1.31% (-0.2

  • Stay invested in Axis Bank: P Sekhar 

    20th April, 2009 11:29

    P Phani Sekhar of Angel Broking is of the view that long term investors can stay invested in Axis Bank. It has cornered a large market share on personal loans and

  • Sugar stocks have more upside potential: V Kapoor 

    20th April, 2009 11:19

    Vibhav Kapoor of IL&FS Investmart is of the view that the sugar stocks have run up too much but there is still more potential.

  • Bankers, lenders keeping interest rates up: Grasim 

    20th April, 2009 11:16

    DD Rathi Whole-time Director and CFO, Grasim feels there is liquidity in the system, though he is also of the opinion that it has not necessarily reached the needy

  • Power Grid Corp marches ahead

    20th April, 2009 11:11

    Power Grid Corporation of India touched an intraday high of Rs 103.20 and an intraday low of Rs 98.50. At 11:06 am, the share was quoting at Rs 102.05, up Rs 4.60,

  • Jaiprakash Associates shoots up smartly

    20th April, 2009 11:08

    Jaiprakash Associates touched an intraday high of Rs 118.50 and an intraday low of Rs 111.80. At 11:04 am, the share was quoting at Rs 117.95, up Rs 6.40, or 5.74%

  • MET forecasts near-normal monsoon this year 

    20th April, 2009 10:58

    Dr Ajit Tyagi, Director General, MET Department, said India is expected to have a near normal monsoon at 96% of the long period average. "Preliminary forecasts ind

  • Siemens top gainer on the Nifty

    20th April, 2009 10:53

    At 10:54 am, Siemens was the top gainer on the Nifty. It touched an intraday high of Rs 317.80 and an intraday low of Rs 295.10. The share was quoting at Rs 316.50

  • SpiceJet likely to pick 7.5% stake in IndiGo; stk up

    20th April, 2009 10:50

    SpiceJet touched an intraday high of Rs 19.80 and an intraday low of Rs 18.80. At 10:46 am, the share was quoting at Rs 19.10, up Rs 0.87, or 4.77%. The company is

  • Instanex FII Index down 0.25%

    20th April, 2009 10:43

    At 10 am, the Instanex Retail 15 portfolio is up 0.08%, the Instanex DII 15 portfolio is down 0.14% and the Instanex FII Index is down 0.25% at 243.56. Sensex is u

  • Axis Bank witnesses buying interest

    20th April, 2009 10:39

    Axis Bank touched an intraday high of Rs 540 and an intraday low of Rs 510. At 10:35 am, the share was quoting at Rs 527.50, up Rs 23.70, or 4.70%. It was trading

  • Sesa Goa Q4 net sales seen down 15% at Rs 1455 cr 

    20th April, 2009 10:38

    Sesa Goa is to announce its fourth quarter results. According to CNBC-TV18 estimates, the company’s Q4 FY09 net sales are seen down 15% at Rs 1455 crore versus Rs

  • Axis Bank FY09 NII seen up 42% at Rs 3677 cr 

    20th April, 2009 10:31

    Axis Bank is to announce its FY09 and fourth quarter results. According to CNBC-TV18 estimates its FY09 consolidated NII is seen up 42% at Rs 3677 crore versus Rs

  • Uptrend intact but see scope for correction: Rajat Bose 

    20th April, 2009 10:27

    Rajat Bose of rajatkbose.com said even as the intermediate uptrend of the markets is intact, there is scope for correction. “Immediately the major support area wou

  • Indian GDRs: Tata Motors slips 4.8%, SBI gains 3.3%

    20th April, 2009 10:18

    Indian GDRs: Tata Motors slipped 4.87% at USD 7.22, Sterlite fell 2.45% at USD 7.97, Satyam fell 2.08% at USD 1.88, Mahindra slipped 1.83% at USD 910, Ranbaxy was

  • Mkts may correct 10% from current levels: JM Financial 

    20th April, 2009 10:14

    Gautam Shah of JM Financial believes that bears are looking powerful at this stage, which means markets are due for a correction from the current levels. Speaking

  • Arvind gains further ground

    20th April, 2009 10:11

    Arvind has continued to gain. It touched an intraday high of Rs 22.30 and an intraday low of Rs 21.50. At 10:07 am, the share was quoting at Rs 21.90, up Rs 0.93,

  • Apollo Hosp issues 15.5 lk equity shrs to promoter; stk up

    20th April, 2009 10:05

    Apollo Hospital touched an intraday high of Rs 424.80 and an intraday low of Rs 405. At 10:07 am, the share was quoting at Rs 423.10, up Rs 25.60, or 6.44% on the

  • Gold may test USD 850/oz: Nirmal Bang

    20th April, 2009 10:00

    According to Nirmal Bang's technical outlook report, gold has made a double bottom formation at USD 864/oz, breaching that the markets might see Gold prices even t

  • Unitech maintains its march ahead

    20th April, 2009 09:57

    Unitech touched an intra day high of Rs 57.90 and an intra day low of Rs 53.80. At 09:58 am, the share was quoting at Rs 57.80, up Rs 5.10, or 9.68% on the NSE.

  • Sell Gold June around Rs 14080: Bonanza

    20th April, 2009 09:51

    Bonanza has recommended to sell Gold June at around Rs 14080 with stoploss above Rs 14175 and target of Rs 13925-13860.

  • Sell USD April around 49.90-50: Bonanza

    20th April, 2009 09:47

    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.

  • Sell Jeera May around Rs 12800-12850: Bonanza

    20th April, 2009 09:43

    Bonanza has recommended to sell Jeera May at around Rs 12800-12850 with stoploss above Rs 13090 and target of Rs 12500-12450.

  • RBI's rate cut may spur a rally in banking stocks 

    20th April, 2009 09:30

    From tomorrow onwards we would want to see if the market is moving up because banks may rally into that rate cut from the Reserve Bank (Monetary policy on Tuesday)

  • Unitech adds 2 cr shares in OI 

    20th April, 2009 09:26

    Unitech surged 22% and went back in F&O curb. Its April and May futures added 2 crore shares in open interest, OI. April Futures ended with at 7 points discount an

  • Nifty has support at 3300-3250: Karvy

    20th April, 2009 09:22

    According to Karvy Stock Broking's Technical Analysis report, the crucial supports are placed around the 3300 and 3250 levels.

  • TCS Q4 net profit seen down 2.6% at Rs 1316.9 cr

    20th April, 2009 09:16

    TCS is to announce its fourth quarter numbers of FY09. According to CNBC-TV18 estimates, its Q4 net profit is expected to go down by 2.6% at Rs 1,316.9 crore versu

  • Mkt could trade sideways with volatility 

    20th April, 2009 09:09

    This is the start of an important week. One may see volatility come back into the market in a strong way due strong news flow ahead including many important result

  • Expect two-way moves with an upward bias: Mohoni

    20th April, 2009 09:05

    European indices rallied on Friday, while the US markets finished little changed. Asian markets are mixed this morning, with the Hang Seng up and the Nikkei down.

  • Fund Action witnessed in Unitech, Eicher Motor

    20th April, 2009 09:02

    Fund Action witnessed in Unitech, Eicher Motor, Alok Industries , Gateway Distriparks, Kohinoor Foods, Solar Ind, Zicom, Vipul and Advanta India.

  • Mkt should consolidate today: Siddharth Bhamre 

    20th April, 2009 09:00

    The market should consolidate today. We have seen long unwinding in the Nifty Futures and portfolio hedging via selling in Stock Futures, Siddharth Bhamre said.

  • 10-year yield seen between 6.40-6.50%: Standard Chartered

    20th April, 2009 08:56

    According to Arvind Sampath, Standard Chartered, the sentiment in the bond market is positive after RBI's open market operations (OMO) on Thursday. Improved liquid

  • Expect rupee to be weak: Greenback Forex

    20th April, 2009 08:52

    According to Subramaniam Sharma, Greenback Forex, the rupee is expected to be weak today. Equity markets will impact sentiment but the currency is likely to remain

  • Indian Bank's credit up 30% last year

    20th April, 2009 08:36

    Indian Bank’s advances book grew 30 per cent last year. The book was Rs 39,000 crore at the end of March 2008.

  • Take profit on rise: Vasudeo

    20th April, 2009 08:33

    Short-term traders who have been holding long positions need to maintain a general stoploss of 10700 for the Sensex and Sensex based stks. BSE Midcap index stoplo

  • Television viewership for IPL-2 lower than expected

    20th April, 2009 08:31

    Television viewership for Indian Premier League-2 does not seem to have gathered the momentum that was anticipated with the extravaganza.

  • Two more Marathi films release in multiplexes

    20th April, 2009 08:29

    After the super success of Me Shivajiraje Bhonsale Boltoy in Maharshtra's multiplexes and single screens alike, two more Marathi films, Bokya Satbande and Nau Mahi

  • Crude hovers around $50/bbl 

    20th April, 2009 08:28

    Crude continued around the USD 50 a barrel levels after rising on Friday on concerns about fuel demand. In after hours access, crude was trading at USD 49.55 per b

  • ONGC Mittal keen on roping in partner for Trinidad project

    20th April, 2009 08:27

    ONGC Mittal Energy Ltd (OMEL) is talking to other players to come in as a partner for developing its oil and gas exploration project in Trinidad and Tobago.

  • India, 3rd in rice exports after Thailand, Vietnam

    20th April, 2009 08:21

    India is the third largest exporter of rice despite a ban imposed in April last year. However, if one were to go by projections by the US Department of Agriculture

  • Support for Sensex at 10662-10444: Gaba

    20th April, 2009 08:16

    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

  • FIIs net buy Rs 670 cr in cash mkt on April 17 (prov) 

    20th April, 2009 08:08

    FIIs were net buyers to the tune of Rs 670 crore and DIIs net bought Rs 183 crore in the cash market on April 17 (provisional figures). FIIs net sold Rs 370 crore

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