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Moneycontrol News Archive : 29 April, 2009

  • A lowdown on the new pension scheme 

    29th April, 2009 22:10

    The much-awaited new pension scheme will kick off on May 1. The existing bank branches and post offices will be used to collect contribution. The minimum contribut

  • RBI contradicts Montek's IMF contribution claim

    29th April, 2009 21:34

    Montek Singh Ahluwalia, the Deputy Chairman of the Planning Commission, and the Reserve Bank of India (RBI) seem to have different views on how India will cough up

  • FDI guidelines causes confusion amongst foreign investors 

    29th April, 2009 21:08

    It’s not just banks like ICICI that are seeking clarification on the new FDI norms. The country's top lawyers have told CNBC-TV18 that given the difference in inte

  • Seeing slow but sure revival in consumer confidence: CII 

    29th April, 2009 21:00

    Venu Srinivasan of TVS Motors and president of the Confederation of Indian Industries (CII) said a reversal is surely taking place. “We have probably bottomed out

  • RIL signs GSPA with power companies

    29th April, 2009 20:44

    Reliance Industries Limited has signed Gas Sales and Purchase Agreement (GSPA) with the customers in power sector for supply of natural gas to be produced from the

  • IDBI Bank revises interest rates on Fixed Deposits

    29th April, 2009 20:36

    IDBI Bank has revised the interest rates on retail term deposits by 25 bps to 50 bps in different maturity buckets and also realigned its maturity buckets by bifur

  • Alok Industries rights issue over subscribed by 118.15%

    29th April, 2009 20:32

    Alok Industries Limited, amongst the fastest growing vertically integrated textiles solutions provider has successfully completed its rights issue aggregating to R

  • Allahabad Bank Q4 PAT seen up 5% at Rs 178 cr

    29th April, 2009 19:58

    Allahabad Bank is to announce its fourth quarter results. According to CNBC-TV18 estimates, the company's Q4FY09 net interest income (NII) is seen up 13% at Rs 501

  • Alok Ind Q4 net profit up at Rs 70.10 cr

    29th April, 2009 19:49

    Alok Industries has announced its fourth quarter results. Its standalone net sales were up at Rs 908.39 crore versus Rs 724.79 crore.

  • Reduce Areva T&D, target of Rs 173: Angel Broking

    29th April, 2009 19:26

    Angel Broking has maintained its reduce rating on Areva T&D with a target price of Rs 173. Areva T&D India posted a strong top-line growth of 66.9% to Rs 845 crore

  • Hold Bank of Baroda, target of Rs 324: ULJK Securities

    29th April, 2009 19:15

    ULJK Securities has recommended a hold rating on Bank of Baroda with a target price of Rs 324. The net profit at Rs 7.5 billion is higher by 172% from Q4FY08 and 6

  • US markets open higher; Dow up 66 points

    29th April, 2009 19:08

    At 19.03 hrs (IST)- The US markets opened higher. The Dow Jones Industrial Average was up 65.71 points, or 0.82%, to 8,082.66. The Nasdaq was up 14.68 points, or 0

  • Markets end strong on positive global cues: Nirmal Bang

    29th April, 2009 19:04

    According to Nirmal Bang's report, the benchmark indices ended smartly with hefty gains after yesterday’s steep fall on the back of positive global cues and short

  • Accumulate Cadila Healthcare, target of Rs 350: Angel

    29th April, 2009 18:55

    Angel Broking has recommended an accumulate rating on Cadila Healthcare with a target price of Rs 350. For 4QFY2009, Cadila posted 28.5% yoy growth in net sales to

  • Rs 8-10 cr: Kingfisher Airlines' unpaid dues to hotels 

    29th April, 2009 18:51

    Kingfisher Airlines has defaulted on payments to many three and four star hotels. Hotel industry sources tell us that Kingfisher Airlines alone owes Rs 8-10 crore

  • HR experts say layoffs should be cos last resort 

    29th April, 2009 18:39

    The current slump has injected a dose of realism and restored balance in the job market. But CNBC-TV18’s economic policy editor Vivian Fernandes reports from a mee

  • Rupee has resistance at 50.30-50.35/$: Commtrendz

    29th April, 2009 18:30

    According to Commtrendz Research's report on Indian Rupee, Immediate supports are at 50.05/49.95 followed by 49.68/49.58. Immediate resistance falls around 50.30/5

  • Rupee ends higher, bonds lower

    29th April, 2009 18:12

    The spot rupee ended higher at Rs 50.08 per USD as against its previous close of Rs 50.51. The widely traded 6.05%, 2019 paper ended lower at Rs 98.72 as against i

  • Buy Bank Of Baroda, target of Rs 360: Sharekhan

    29th April, 2009 18:01

    Sharekhan has maintained its buy rating on Bank Of Baroda with a target price of Rs 360. For Q4FY2009, Bank of Baroda (BoB) has reported a bottom line of Rs 752.7

  • Rel Comm Q4 net profit seen down 9.39% to Rs 1277.47 cr

    29th April, 2009 17:38

    Reliance Communication is to announce its Q4FY09 numbers. According to CNBC-TV18 estimates, its net profit is expected to go down 9.39% to Rs 1,277.47 crore from R

  • Buy Jaiprakash Associates, target of Rs 159: Emkay

    29th April, 2009 17:35

    Emkay Global Financial Services has maintained its buy rating on Jaiprakash Associates with a price target of Rs 159. The topline for the quarter stood at Rs 19.85

  • See credit growth of 22-23% in FY10: Canara Bank 

    29th April, 2009 17:20

    Commenting on the numbers, AC Mahajan, CMD of Canara Bank said, the bank saw credit growth of 29% in FY09 and NIM at 2.78%. The bank’s current account savings acco

  • Hold Jaiprakash Associates, target of Rs 145: Sharekhan

    29th April, 2009 17:15

    Sharekhan has maintained its hold rating on Jaiprakash Associates with a revised price target of Rs 145. The revenues grew by 62.9% year on year (yoy) to Rs 2,085

  • Reduce Aban Offshore: Prabhudas Lilladher

    29th April, 2009 16:56

    Prabhudas Lilladher has maintained its reduce rating on Aban Offshore. Aban’s revenue visibility for FY10 and FY11 stands at USD 680 million and USD 690 million, r

  • Instanex FII Index up 3.92%

    29th April, 2009 16:52

    At close, the Instanex FII Index was up 3.92% at 253.36 (+3.63% at 3 pm) and the Instanex DII 15 portfolio was up 3.34% (+3.06% at 3 pm). Sensex was up 3.65% (+3.2

  • Buy Bank Of Baroda, target of Rs 394: P Lilladher

    29th April, 2009 16:47

    Prabhudas Lilladher has maintained its buy rating on Bank Of Baroda with a target price of Rs 394. The bank’s low sustainable RoE has been the problem in the past.

  • Bharti Airtel adds 32.4 mn mobile subscribers in FY09

    29th April, 2009 16:32

    Bharti Airtel has announced its fourth quarter numbers of FY09. Its (US GAAP - generally accepted accounting principles) net profit increased 3.7% to Rs 2,239 cror

  • Auto, technology look safer: A Jain

    29th April, 2009 16:17

    Anu Jain of India Infoline is of the view that auto and technology are looking far safer to enter.

  • Danone Group wants to invest Rs 350cr over 5 years

    29th April, 2009 16:10

    Danone Group told to Foreign Investment Promotion Board (FIPB) that it proposes to invest Rs 300-350 crore over next 5 years. It will invest in medical and nutriti

  • Buy Bank Of Baroda, target of Rs 400: Emkay

    29th April, 2009 15:53

    Emkay Global Financial Services has maintained its buy rating on Bank Of Baroda with a price target of Rs 400. Bank of Baroda (BOB) reported a net profit of Rs 7.5

  • DLF Q4 net profit seen down 82.97% to Rs 371 cr

    29th April, 2009 15:46

    DLF is to announce its fourth quarter results. According to CNBC-TV18 estimates, Q4FY09 net profit is seen down 82.97% from Rs 2177 crore to Rs 370.63 crore, YoY.

  • Satyam books were inflated by Rs 27000cr: SFIO 

    29th April, 2009 15:42

    According to Serious Fraud Investigation Office (SFIO) sources, Satyam’s offshore exports was inflationed by over Rs 4500 crore over a period of 7 years. Further,

  • IDFC has target of Rs 80-82: A Jain 

    29th April, 2009 15:34

    Anu Jain of India Infoline is of the view that Infrastructure Development Finance Company, IDFC has target of Rs 80-82.

  • See cost/income ratio in mid 50's in medium term: ING Vysya

    29th April, 2009 15:32

    ING Vysya Bank has announced its fourth quarter results. The company's Q4 standalone net interest income (NII) was at Rs 162.39 crore. Its standalone net profit wa

  • Alstom Q4 net profit up at Rs 26 cr

    29th April, 2009 15:31

    Alstom has announced its fourth quarter results. The company's Q4 net profit was up at Rs 26 crore versus Rs 1.5 crore.

  • Instanex FII Index up 3.63%

    29th April, 2009 15:28

    At 3 pm, the Instanex FII Index is up 3.63% at 252.64 (+2.34% at 2 pm) and the Instanex DII 15 portfolio is up 3.06% (+1.76% at 2 pm). Sensex is up 3.24% (+2.10% a

  • ICSA India Q4 net profit down at Rs 34.06 cr

    29th April, 2009 15:11

    ICSA India has announced its fourth quarter results. The company's Q4 standalone net sales were down at Rs 286.10 crore versus Rs 304.23 crore, QoQ.

  • Asian markets end higher; Hang Seng up 2.76%

    29th April, 2009 15:08

    Asian markets ended higher. Hong Kong's Hang Seng rose 2.76% or 401.84 points at 14,956.95. South Korea's Seoul Composite advanced 2.94% or 38.18 points at 1,338.4

  • Shree Renuka an outperformer: ICICIdirect.com

    29th April, 2009 15:00

    ICICIdirect.com has rated Shree Renuka Sugars as an outperformer with a target price of Rs 111. Shree Renuka Sugars reported a 22.8% de-growth in net sales to Rs 4

  • TVS Motor gains 7%

    29th April, 2009 14:59

    TVS Motor Company touched an intraday high of Rs 33.75 and an intraday low of Rs 31.50. At 2:56 pm, the share was quoting at Rs 33.20, up Rs 2.20, or 7.10%. It was

  • Concrete gain for Jaiprakash Associates

    29th April, 2009 14:58

    Jaiprakash Associates has touched an intraday high of Rs 139.90 and an intraday low of Rs 129.65. At 2:53 pm, the share was quoting at Rs 137.90, up Rs 8, or 6.16%

  • Hold GTL, target of Rs 225: Emkay

    29th April, 2009 14:50

    Emkay Global Financial Services has maintained its hold rating on GTL with a price target of Rs 225. Revenue growth at 19% YoY was higher than the estimate of 3% Y

  • Indiabulls Securities turns up

    29th April, 2009 14:48

    Indiabulls Securities touched an intraday high of Rs 28.60 and an intraday low of Rs 27.40. At 2:43 pm, the share was quoting at Rs 28.45, up Rs 1.15, or 4.21%. It

  • Firstsource adds 2 delivery centers this qtr

    29th April, 2009 14:41

    Firstsource reports Q4 fiscal 2009 revenues of Rs. 4,723 million QoQ growth of 6.3% and YoY growth of 25.7%. 43 centers as on March 31, 2009 compared to 36 as on

  • Bartronics India a performer: ICICIdirect.com

    29th April, 2009 14:37

    ICICIdirect.com has downgraded its rating on Bartronics India to performer with a target price of Rs 106. Bartronics reported its Q4FY09 results with top line at R

  • HCC flares up 4%

    29th April, 2009 14:32

    HCC touched an intraday high of Rs 54.50 and an intraday low of Rs 52.30. At 2:25 pm, the share was quoting at Rs 53.80, up Rs 2.10, or 4.06%. It was trading with

  • HPCL makes smart gain

    29th April, 2009 14:17

    HPCL touched an intraday high of Rs 279.90 and an intraday low of Rs 267.50. At 2:14 pm, the share was quoting at Rs 279.10, up Rs 11, or 4.10%. It was trading wit

  • Mkts surge; IT, banks, oil & gas, power gain

    29th April, 2009 14:12

    At 14.05 hrs IST, the markets were trading higher. All the BSE sectoral indices were trading positive. Good buying interest was seen in IT, banks, oil & gas, power

  • Expect subsidy of Rs 110cr in FY10: Bharati Shipyard 

    29th April, 2009 14:04

    Bharati Shipyard's Q4 FY09 net profit went up to Rs 35.4 crore versus Rs 32.6 crore YoY. PC Kapoor, MD, Bharati Shipyard, said financial charges have been due to h

  • Sterlite Industries advances 4.3%

    29th April, 2009 14:00

    Sterlite Industries touched an intraday high of Rs 399.95 and an intraday low of Rs 375.20. At 2:08 pm, the share was quoting at Rs 399.30, up Rs 16.45, or 4.30% o

  • Canara Bank Q4 net profit up at Rs 718.8 cr

    29th April, 2009 13:52

    Canara Bank has announced its fourth quarter results. The company's Q4 net interest income (NII) was up 42% at Rs 1,305.3 crore versus Rs 922.48 crore, YoY and was

  • See pick up in infrastructure post elections: IDFC 

    29th April, 2009 13:47

    Vikram Limaye, ED, IDFC, said, the macro environment for infrastructure post elections will pick up. “We can pick-up market share given that we are very well capit

  • Infosys top gainer on the Sensex

    29th April, 2009 13:39

    At 1:35 pm, Infosys Technologies was the top gainer on the Sensex. It touched an intraday high of Rs 1,494.60 and an intraday low of Rs 1,433.10. The share was quo

  • Instanex FII Index up 2.42%

    29th April, 2009 13:35

    At 1 pm, the Instanex FII Index is up 2.42% at 249.71 (+2.24 at 12 noon) and the Instanex DII 15 portfolio is up 1.90% (+1.63% at 12 noon). Sensex is up 2.19% (+2.

  • LIC Housing moves up 5.5%

    29th April, 2009 13:28

    LIC Housing Finance touched an intraday high of Rs 349.50 and an intraday low of Rs 330. At 1:24 pm, the share was quoting at Rs 346, up Rs 18.10, or 5.52%. It was

  • Sweet gain for Balrampur Chini

    29th April, 2009 13:16

    Balrampur Chini Mills touched an intraday high of Rs 69.10 and an intraday low of Rs 65. At 1:11 pm, the share was quoting at Rs 68.55, up Rs 3.55, or 5.46%. It wa

  • Dena Bank Q4 net profit at Rs 111.2 cr

    29th April, 2009 13:04

    Dena Bank has come out with fourth quarter numbers. Its net profit was almost flat at Rs 111.2 crore versus Rs 111 crore.

  • Bajaj Hindusthan back on track

    29th April, 2009 13:00

    Bajaj Hindusthan touched an intraday high of Rs 74.60 and an intraday low of Rs 69.85. At 12:59 pm, the share was quoting at Rs 73.65, up Rs 3.85, or 5.52%. It was

  • Bharati Shipyard Q4 net profit up at Rs 35.4 cr

    29th April, 2009 13:00

    Bharati Shipyard has announced its fourth quarter numbers. Its net profit went up at Rs 35.4 crore versus Rs 32.6 crore, YoY.

  • Accumulate Bosch, target of Rs 3,416: Angel Broking

    29th April, 2009 12:59

    Angel Broking has maintained its accumulate rating on Bosch with a target price of Rs 3,416. For 1QCY2009, Bosch India reported 17.7% yoy decline in net sales to R

  • MAN Ind bags Rs 1340cr deal, targets Rs 5K cr order book 

    29th April, 2009 12:57

    RC Mansukhani, Chairman, MAN Industries, said it has bagged an LSAW pipe order from the hydro carbon sector in the Persian Gulf. The company’s order book position

  • Instanex FII Index up 2.24%

    29th April, 2009 12:52

    At 12 noon, the Instanex FII Index is up 2.24% at 249.25 (+1.95 at 11 am) and the Instanex DII 15 portfolio is up 1.63% (+1.42% at 11 am). Nifty is up 2.03% (+1.53

  • Indiabulls Financial locked at 5% lower circuit

    29th April, 2009 12:47

    At 12:43 pm, Indiabulls Financial Services was locked at 5% lower circuit. It touched an intraday high of Rs 117.80 and an intraday low of Rs 111.90. The share was

  • HDIL recovers sharply

    29th April, 2009 12:40

    HDIL touched an intraday high of Rs 147.95 and an intraday low of Rs 140. At 12:35 pm, the share was quoting at Rs 146.15, up Rs 7, or 5.03%. It was trading with v

  • Dhanalakshmi Bank Q4 net profit up at Rs 22.3 cr

    29th April, 2009 12:36

    Dhanalakshmi Bank has announced its fourth quarter results. The company's profit after tax (PAT) was up 1.35 times at Rs 22.25 crore versus Rs 9.43 crore, YoY and

  • IDFC recoups losses

    29th April, 2009 12:32

    IDFC touched an intraday high of Rs 71.75 and an intraday low of Rs 68.55. At 12:28 pm, the share was quoting at Rs 71.30, up Rs 3.50, or 5.16%. It was trading wit

  • DLF makes a smart gain

    29th April, 2009 12:27

    DLF has touched an intraday high of Rs 234.35 and an intraday low of Rs 223.55. At 12:29 pm, the share was quoting at Rs 233.05, up Rs 8.80, or 3.92% on the NSE. I

  • STC India Q4 net profit at Rs 22.1 cr

    29th April, 2009 12:21

    State Trading Corporation of India has announced its fourth quarter results. Its net sales were at Rs 4437.5 crore versus Rs 4256 crore. Its net profit was at Rs 2

  • Aventis Pharma Q4 net profit at Rs 40.5 cr

    29th April, 2009 12:18

    Aventis Pharma has declared its fourth quarter results. Its net sales were at Rs 250 crore versus Rs 216.9 crore. Its net profit was at Rs 40.5 crore versus Rs 34.

  • Garden Silk Mills Q4 net profit at Rs 19.6 cr

    29th April, 2009 12:15

    Garden Silk Mills has declared its fourth quarter results. Its net sales were at Rs 481.7 crore versus Rs 416.2 crore. Its net profit was at Rs 19.6 crore versus R

  • Current assets under management at USD 4.7 bn: IDFC

    29th April, 2009 12:00

    Infrastructure Development Finance Company (IDFC) has declared its fourth quarter results. Its consolidated net profit was at Rs 316 crore versus Rs 153 crore on Y

  • Sun Pharma in good health

    29th April, 2009 11:57

    Sun Pharma touched an intraday high of Rs 1,274.90 and an intraday low of Rs 1,215.05. At 11:52 am, the share was quoting at Rs 1,267.15, up Rs 41.35, or 3.37%. It

  • Tata Communications bounces back

    29th April, 2009 11:50

    Tata Communications touched an intraday high of Rs 559.85 and an intraday low of Rs 547. At 11:46 am, the share was quoting at Rs 555.10, up Rs 21.35, or 4%. It wa

  • Man Industries surges on bagging order worth Rs 1340 cr

    29th April, 2009 11:46

    At 11:41 am, Man Industries was locked in 10% upper circuit. It touched an intraday high of Rs 31.80 and an intraday low of Rs 28.90. The share was quoting at Rs 3

  • Wipro among major gainers

    29th April, 2009 11:39

    At 11:40 am, Wipro was among the major gainers on the Nifty. It touched an intraday high of Rs 328 and an intraday low of Rs 316.50. The share was quoting at Rs 32

  • Suzlon Energy gains smartly

    29th April, 2009 11:33

    Suzlon Energy touched an intraday high of Rs 62.75 and an intraday low of Rs 60.85. At 11:29 am, the share was quoting at Rs 62.45, up Rs 2.30, or 3.82%. It was tr

  • Tulip Telecom approves issue of NCDs; stk up

    29th April, 2009 11:27

    Tulip Telecom has touched an intraday high of Rs 463 and an intraday low of Rs 452.30. At 11:22 am, the share was quoting at Rs 456, up Rs 5.35, or 1.19%. The comp

  • Rel Comm buys back FCCBs worth $24.7 mn; stk rises

    29th April, 2009 11:22

    Reliance Communications touched an intraday high of Rs 215 and an intraday low of Rs 210.05. At 11:17 am, the share was quoting at Rs 214.45, up Rs 6.90, or 3.32%.

  • See mkts re-testing lows in coming months: Andrew Holland 

    29th April, 2009 11:17

    Andrew Holland, CEO, Institutional Equity and Equity Proprietary Trading, Ambit Capital, sees more risks on the downside in the current environment. "The markets m

  • Instanex FII Index up 1.76%

    29th April, 2009 11:16

    At 11 am, the Instanex FII Index is up 1.95% at 248.56 (+1.50% at 10 am) and the Instanex DII 15 portfolio is up 1.42% (+0.98% at 10 am). Sensex is up 1.76% (+1.3

  • Jayalalitha, Mayawati to play key role post polls: Sardesai 

    29th April, 2009 11:07

    Rajdeep Sardesai, Editor-in-Chief, CNN-IBN, both the UPA and NDA believe they will end up with 180-200 seats. He feels Jayalalitha and Mayawati will play a key rol

  • Expect downside in Aban Offshore: Subramanium 

    29th April, 2009 10:53

    R Venkat Subramanium, Head-Alternate Investments Group, Kotak Securities is of the view that in Aban Offshore there is significant downside even from these levels.

  • Malco Q4 net profit at Rs 28.7 cr

    29th April, 2009 10:38

    Malco has announced its fourth quarter results. It Q4 net sales were at Rs 112.1 crore versus Rs 129.1 crore.

  • Phoenix Mills Q4 net profit at Rs 14 cr

    29th April, 2009 10:37

    Phoenix Mills has announced its fourth quarter results. It Q4 net sales were at Rs 21.4 crore versus Rs 22 crore, QoQ.

  • Ruby Mills Q4 net profit at Rs 5.4 crore

    29th April, 2009 10:34

    Ruby Mills has announced its fourth quarter results. It Q4 net sales were at Rs 38.1 crore versus Rs 34.3 crore.

  • Bharti net profit up 3.7%; eyes mobile banking segment 

    29th April, 2009 10:32

    At the company’s press conference, Bharti Airtel management said the company is looking to exploit mobile banking and finance segment. Bharti Airtel reported free

  • SBI cuts education loans rates by 25-200 bps; stk up

    29th April, 2009 10:31

    SBI touched an intraday high of Rs 1,264 and an intraday low of Rs 1,244.20. At 10:26 am, the share was quoting at Rs 1,262.10, up Rs 22.10, or 1.78%. The bank has

  • HDFC makes smart gain

    29th April, 2009 10:28

    HDFC has gained today. It touched an intraday high of Rs 1,745 and an intraday low of Rs 1,689.90. At 10:25 am, the share was quoting at Rs 1,738, up Rs 66.95, or

  • Reliance Capital top gainer on the Nifty

    29th April, 2009 10:21

    At 10:23 am, Reliance Capital was the top gainer on the Nifty. It touched an intraday high of Rs 514 and an intraday low of Rs 497.80. The share was quoting at Rs

  • Buy crude at Rs 2475: Nirmal Bang

    29th April, 2009 10:12

    Nirmal Bang has recommended to buy crude oil at Rs 2475 with a stop loss of Rs 2450 and target of Rs 2525-2540.

  • Bharti Airtel declares results; stk up

    29th April, 2009 10:08

    Bharti Airtel touched an intraday high of Rs 755 and an intraday low of Rs 728. At 10:05 am, the share was quoting at Rs 734.20, up Rs 9.85, or 1.36% on the NSE. I

  • April Consumer Confidence Index inches up 0.8% to 74.1 

    29th April, 2009 10:00

    The CNBC-TV18 Boston Analytics Consumer Confidence Index has inched up 0.8% to 74.1 in April. The current situation index is up 0.1% to 71.4 while the future expec

  • Premier Q4 net profit at Rs 1.53 cr

    29th April, 2009 09:58

    Premier has announced its fourth quarter results. It Q4 net sales were at Rs 38.6 crore versus Rs 32.2 crore

  • Thomas Cook Q1 net profit at Rs 1.8 crore

    29th April, 2009 09:57

    Thomas Cook has announced its first quarter results. It Q1 net sales were at Rs 63.7 crore versus Rs 76.1 crore.

  • Avoid buying at current levels: Nirmal Bang

    29th April, 2009 09:55

    According to Nirmal Bang's report, one should avoid buying at current levels and wait for the correction to happen.

  • Reliance Ind Infra has support at Rs 550: Gujral 

    29th April, 2009 09:52

    Technical Analyst, Ashwani Gujral is of the view that Reliance Industrial Infrastructure has support at Rs 550. One should stay away from this stock.

  • NAVs decline sharply on weak markets cues

    29th April, 2009 09:52

    Equity diversified NAVs plunged and their advance:decline ratio stood at 1:225. The benchmark indices saw significant sell-off and closed the session sharply lower

  • Indian GDRs: Sterlite slips 5.8%, Satyam down 3.8%

    29th April, 2009 09:47

    Indian GDRs: Sterlite, Satyam, RIL, Mahindra, SBI, Tata Motors, Grasim, ITC and L&T plunged, while Ranbaxy gained.

  • Bharti Q4 net up 3.7% at Rs 2239 cr; announces stock split

    29th April, 2009 09:38

    Bharti Airtel has announced its fourth quarter numbers of FY09. Its (US GAAP - generally accepted accounting principles) net profit increased 3.7% to Rs 2,239 cror

  • Nifty may trade between 3280-3420: Karvy

    29th April, 2009 09:35

    According to Karvy Stock Broking's Technical Analysis report, the Nifty may trade between 3280-3420 levels for the day.

  • Buy around 3300 Nifty: Ashwani Gujral 

    29th April, 2009 09:33

    Technical Analyst Ashwani Gujral said the Nifty has been trading in a band of 3,300-3,500 for the last 8-10 days. He feels the propensity of the markets to go down

  • Patni Computer Q1 net profit down at Rs 76.52 cr

    29th April, 2009 09:31

    Patni Computer Systems has declared its first quarter numbers of CY09. Its consolidated net profit came in at Rs 76.52 crore versus Rs 78 crore.

  • Nifty OI PCR declines to 1.39 versus 1.51 

    29th April, 2009 09:25

    Nifty Open Interest (OI) PCR declined at 1.39 versus 1.51. Nifty 3400 Put shed 15 lakh shares and 3500 Put shed 12 lakh shares in Open Interest. Nifty 3300 Call ad

  • Markets likely to see some short covering: Anagram

    29th April, 2009 09:18

    According to Anagram Research's report, the markets are likely to see some short covering in early morning trade.

  • Expect stocks to recover today: Mohoni

    29th April, 2009 09:05

    European indices declined last night, while the US indices finished marginally lower. However, Asian markets are up this morning, and the global short-term trend h

  • RIL signs gas sale pacts with 11 power plants 

    29th April, 2009 09:00

    Reliance Industries has signed the gas sale and purchase agreements with 11 power plants including Reliance Infrastructure. The duration of contracts will be five

  • Bharti to ink JV with Alcatel for outsourcing services 

    29th April, 2009 08:56

    Bharti is looking for a possible joint venture (JV) agreement with Alcatel Lucent to manage networks. The new JV will manage the entire six-line operations includi

  • NSE shifts stocks to trade-for-trade segment

    29th April, 2009 08:50

    The securities given at Annexure- 1 will be available in Trade for Trade segment (series: BE) at a price band of 5% with effect from May 05, 2009. However, if the

  • Choksey expects Nifty to settle between 3400-3500 on expiry

    29th April, 2009 08:46

    The correction is largely over and I expect the Nifty to settle between 3400-3500 levels on expiry, Deven Choksey said.

  • Fund Action witnessed in Rolta, Aban Offshore

    29th April, 2009 08:41

    Fund Action witnessed in Rolta, Aban Offshore, Info Edge, Accentia Tech and Sterling Holiday Resorts.

  • US regulators ask Citi, BoA to raise more capital

    29th April, 2009 08:38

    The US markets slipped in the last minutes of trade on reports that Citi and Bank of America needs additional capital. The markets shrugged off better-than-expecte

  • World steel demand to fall 14.9% this year

    29th April, 2009 08:35

    World steel demand is likely to fall 14.9% this year, making the decline by far the biggest in the industry since the end of the Second World War. This is accordin

  • Sterlite Q4 net sales down 36% at Rs 4336.13 cr 

    29th April, 2009 08:34

    Sterlite Industries has announced its fourth quarter numbers. Its topline was above estimates and profit after tax, PAT was not very exciting after adjustments.

  • Crude, metals dip further on fears of Swine Flu fallout 

    29th April, 2009 08:31

    Crude continued to trade below USD 50 per barrel for a third day after volatile New York trade on concerns that fuel demand will drop as the outbreak curtails tra

  • US markets end flat after a choppy session

    29th April, 2009 08:21

    The US markets ended flat after a choppy session on back of worries that two banks may need more capital. The concerns overshadowed an increase in consumer confide

  • Eveready Industries back in black

    29th April, 2009 08:18

    Eveready Industries Ltd is back in the black in 2008-09 with a net profit of Rs 19.40 crore (net loss of Rs 19.32 crore in 2007-08).

  • India projects high priority: ArcelorMittal

    29th April, 2009 08:16

    ArcelorMittal’s India plans may not have escaped the effects of the global economic crisis, but India is top priority among all its greenfield projects.

  • Govt steps up surveillance at international airports

    29th April, 2009 08:14

    To prevent the entry and spread of swine flu virus in the country, the Government has put in place a series of measures including screening air travellers arriving

  • Indian ADRs: Sterlite down 5.8%, Satyam down 3.8%

    29th April, 2009 08:09

    Indian ADRs: Sterlite, Satyam, Tata Motors, Dr Reddys, MTNL, ICICI Bank, HDFC Bank, Wipro and Infosys was down, while Patni and Tata Comm was up.

  • Pepper futures recover after high volatility

    29th April, 2009 08:07

    Pepper futures market on Tuesday recovered after remaining highly volatile. Bulls were liquidating.

  • Dharavi still lives on empty poll promises 

    29th April, 2009 22:01

    It may be Asia's largest slum, but Dharavi has always been a sizeable votebank for Mumbai's politicians. After the 2004 elections, the Congress MP who was elected

  • Will Bharti outsource network management to Alcatel? 

    29th April, 2009 21:26

    Even as Bharti Airtel came out with robust fourth quarter numbers, the company is working on a deal to outsource management of its Wireline network to Alcatel Luce

  • Consumer confidence sees uptick: Trend reversal on cards? 

    29th April, 2009 21:04

    The CNBC-TV18 Boston Analytics Consumer Confidence inched up marginally after a period of nine months. The current situation confidence and future expectations als

  • Citibank reduces PLR to 14.75% from 15%

    29th April, 2009 20:50

    Citibank today announced it has reduced its Prime Lending Rate (PLR) by 25 basis points to 14.75 percent from the present 15 percent. The new PLR will be effective

  • Net interest margin fell due to PLR cuts: Dena Bank 

    29th April, 2009 20:42

    DL Raval, CMD, Dena Bank, said, “The net interest margin (NIM) for the current year is 2.45% as against 2.75% last year. It has come down because the reduction in

  • Vote for mainstream candidates not independents: Adi Godrej 

    29th April, 2009 20:33

    Industrialist Adi Godrej of Godrej Group advises voters to not go for independents as, he said, they usually never win. “History says independents only split votes

  • Mumbai's infra ignored, say corporates as poll pitch rises 

    29th April, 2009 20:17

    The country's financial capital is also the highest tax paying city. But Mumbai is plagued by very slow infrastructure addition. Infrastructure is a major politica

  • IOB Q4 PAT seen down 10% at Rs 276.45 cr

    29th April, 2009 19:55

    IOB is to announce its fourth quarter results. According to CNBC-TV18 estimates, the company's net interest income (NII) is seen up 7% at Rs 731 crore versus Rs 68

  • Bajaj Auto an outperformer: Karvy Stock Broking

    29th April, 2009 19:36

    Karvy Stock Broking has rated Bajaj Auto as an outperformer with a target price of Rs 739. The research firm expects BAL's earnings to grow by 13% CAGR over FY09-1

  • Not looking at inorganic growth: Dhanalakshmi Bank 

    29th April, 2009 19:19

    Amitabh Chaturvedi, MD and CEO, Dhanalaxmi Bank said the bank was not looking at inorganic growth. The bank, he said, made an NPA sale of Rs 5.5 crore of which onl

  • Market's move suggests uptrend still intact 

    29th April, 2009 19:12

    people are still very reluctant to give up on this rally just yet, there is a general sense in the market that this rally will end somewhere between 3,600 and 3,80

  • Crude rangebound between $47-53/bbl near term: Commtrendz 

    29th April, 2009 19:07

    T Gnanasekar, Director of Commtrendz Research & Fund Management, said crude is will stay in a range of USD 47-53 per barrel and that fundamentals do not do support

  • FIIs net sell Rs 174 cr in equities on April 28

    29th April, 2009 18:57

    On April 28, foreign institutional investors (FIIs) were net sellers to the tune of Rs -173.90 crore. They made gross purchase of Rs 1,544.10 crore and gross sales

  • MFs net sell Rs 372.50 cr in equities on Apr 28

    29th April, 2009 18:53

    On April 28, MFs were net sellers to the tune of Rs 372.50 crore in equities. They made gross purchases of Rs 482.40 crore and gross sales of Rs 854.90 crore.

  • Buy Biocon, target of Rs 200: KRChoksey

    29th April, 2009 18:43

    KRChoksey has recommended a buy rating on Biocon with a price target of Rs 200. The topline of the company grew at a robust rate of 76% to Rs 468 crore compared to

  • Expect growth in EBIDTA margins at 20%: Jubilant

    29th April, 2009 18:34

    Jubilant Organosys has come out with its fourth qurater numbers. Its consolidated net profit declined at Rs 12.37 crore versus Rs 58.20 crore (YoY).

  • Buy Fulford (India): Parag Parikh

    29th April, 2009 18:20

    Parag Parikh Financial Advisory Services has maintained its buy rating on Fulford (India). The MNC pharmaceutical company saw a Q-o-Q decline in net revenues by mo

  • Oriental Bank an underperformer: Karvy

    29th April, 2009 18:11

    Karvy Stock Broking has downgraded its rating on Oriental Bank of Commerce to underperformer with a price target of Rs 98. In Q4FY09, Oriental Bank of Commerce rep

  • Egyptian govt's incentives lure Indian IT cos

    29th April, 2009 18:00

    Despite the pressures of pricing and the slowdown on the Indian IT and ITES market, Indian IT companies seem to be expanding operations in Eypgt. Sources say that

  • Govt policy helped boost profit: Nagarjuna Fertilisers 

    29th April, 2009 17:35

    Nagarjuna Fertilisers and Chemicals' standalone net profit was up at Rs 12.62 crore versus Rs 1.25 crore, YoY. Speaking on the huge jump in net profit, RS Nanda Di

  • Bank of Baroda a marketperformer: Karvy

    29th April, 2009 17:26

    Karvy Stock Broking has retained its rating on Bank of Baroda as a marketperformer with a price target of Rs 330. Bank of Baroda posted extremely strong results; w

  • SBI Life insurance stoops under MTM loss

    29th April, 2009 17:17

    India’s second largest life insurance company seems to have been done in by its own expansion plan. After three years of profits, SBI life insurance has recorded a

  • Balrampur Chini adds 50 lakh shares in OI 

    29th April, 2009 17:11

    Today the turnover hit Rs 1 lakh crore on a provisional basis. Strong rollover was seen in Telecom, auto, IT spaces. Balrampur Chini added nearly 50 lakh shares in

  • Nagarjuna Fert Q4 net profit up at Rs 12.62 cr

    29th April, 2009 16:56

    Nagarjuna Fertilisers and Chemicals has announced its fourth quarter results. The company's Q4 standalone net sales were down at Rs 541.14 crore versus Rs 589.03 c

  • Buy on dips; long-term India story still strong: HSBC 

    29th April, 2009 16:49

    Ajay Loganadan, Head of HSBC Private Banking sees a lot of uncertainty in May. He expects the bailout and the economic packages to take effect and sees the US reco

  • Buy Bharat Electronics: Parag Parikh

    29th April, 2009 16:33

    Parag Parikh Financial Advisory Services has maintained its buy rating on Bharat Electronics. The sales for the fourth quarter alone were 50% higher than the combi

  • Accumulate Indian Bank, target of Rs 121: Angel Broking

    29th April, 2009 16:22

    Angel Broking has maintained its accumulate rating on Indian Bank with a price target of Rs 121. The bank delivered net profit growth of 63% yoy to Rs 394 crore (R

  • Accumulate Yes Bank, target of Rs 93: Prabhudas Lilladher

    29th April, 2009 16:13

    Prabhudas Lilladher has recommended an accumulate rating on Yes Bank with a price target of Rs 93. Yes Bank has only 9% of its deposits in CASA and with 30-40% of

  • Accumulate Petronet LNG, target of Rs 58: P Lilladher

    29th April, 2009 16:08

    Prabhudas Lilladher has downgraded its rating on Petronet LNG to accumulate with a target of Rs 58. During Q4FY09, Petronet LNG processed 82.5TBTUs (79.9TBTUs) of

  • See revenues upward of $200mn in full year: Hexaware 

    29th April, 2009 15:47

    Atul Nishar, Founder and Executive Chairman, Hexaware Technologies, said the company’s performance was satisfactory. “However, the scenario is that the worst proba

  • Hold Maharashtra Seamless, target Rs 180: ICICIdirect.com

    29th April, 2009 15:44

    ICICIdirect.com has recommended a hold rating on Maharashtra Seamless with a price target of Rs 180. The top line grew at 43% YoY whereas the bottom line grew at 1

  • Sensex ends 17.5% up in Apr series; all sectoral indices up

    29th April, 2009 15:36

    The benchmark indices rallied smartly on the back of positive global cues and ended the session as well as April series on a strong note. This uptrend was supporte

  • Buy Exide Industries, target of Rs 61: Angel Broking

    29th April, 2009 15:32

    Angel Broking has maintained its buy rating on Exide Industries with a target price of Rs 61. Exide Industries, for 4QFY2009 clocked 0.5% yoy growth in net sales t

  • Nifty surges 15%, CNX Midcap gains 16% in Apr series

    29th April, 2009 15:31

    The markets ended the April series on a strong note; the Sensex surged 17.5%, to 11,403.25 from March ending value of 9708.50 and the Nifty closed at 3,473.95 as a

  • Prefer Axis Bank to ICICI Bank: A Jain 

    29th April, 2009 15:30

    Anu Jain of India Infoline is of the view that one should prefer Axis Bank to ICICI Bank.

  • Buy Mahindra Lifespace, target of Rs 411: Sharekhan

    29th April, 2009 15:22

    Sharekhan has maintained its buy rating on Mahindra Lifespace Developers with a price target of Rs 411. The standalone Q4FY2009 revenues nosedived by 47.6% year on

  • Nifty above 3450; IT, Bank, Oil, Power indices up 3-5%

    29th April, 2009 15:08

    At 15:03 hours IST, the markets were witnessing huge buying interest on the back of uptrend in oil & gas, power, technology, banking, metal, realty, FMCG and selec

  • Ceat up on huge volumes

    29th April, 2009 15:00

    Ceat was trading with volumes of 951,468 shares. It touched an intraday high of Rs 56.40 and an intraday low of Rs 47. At 2:59 pm, the share was quoting at Rs 53.3

  • April series drove Nifty from 3000 to 3500 

    29th April, 2009 15:00

    It has been a very good come back for the markets. After yesterday’s sell off of 3.5%, the Sensex got back 3%, 300 points rally at 11,300. Lots of largecap names w

  • Dabur Q4 cons net profit up 31% at Rs 104.3 cr

    29th April, 2009 14:59

    Dabur India has announced its fourth quarter numbers. Its consolidated net profit went up 30.96% at Rs 104.3 crore from Rs 79.64 crore (CNBC-TV18 estimated at Rs 9

  • Dabur India to rejig revenue model of retail biz 

    29th April, 2009 14:51

    Sunil Duggal, CEO of Dabur India, said, volume growth will be the main factor for growth next year. “We are changing Dabur India’s revenue model of retail business

  • Unitech May futures add 73 lakh shares in OI

    29th April, 2009 14:49

    Unitech saw a rollover of 36%; May futures added about 73 lakh shares in OI and in total, it shed about 56 lakh shares in OI

  • Patni Computer sees 2% uptick in revenue in H1FY10 

    29th April, 2009 14:44

    Patni Computer Systems announced its first quarter numbers of CY09. Its consolidated net profit came in at Rs 76.52 crore versus Rs 78 crore. Jeya Kumar, CEO, Patn

  • Bank of India posts muted growth in Q4 FY09 

    29th April, 2009 14:40

    TS Narayanasami, CMD, Bank of India, said the bank posted muted credit growth in Q4. He said net interest income for the quarter under review stood at 17.75%, whil

  • Instanex FII Index up 2.34%

    29th April, 2009 14:32

    At 2 pm, the Instanex FII Index is up 2.34% at 249.50 (+2.42 at 1 pm) and the Instanex DII 15 portfolio is up 1.76% (+1.90% at 1 pm).

  • Buy Shree Cements, target of Rs 825: Sharekhan

    29th April, 2009 14:25

    Sharekhan has maintained its buy rating on Shree Cements with a price target of Rs 825. During the quarter, the reported net profit of the company grew by 473.7% y

  • European markets trading firm; CAC, DAX up

    29th April, 2009 14:13

    At 2: 09 pm (IST), European markets were trading firm. CAC 40 was up 0.80% or 24.34 points at 3,075.36. DAX gained 0.75% or 34.60 points at 4,642.02. FTSE 100 adde

  • Expect 7% sales growth in FY10: Ceat 

    29th April, 2009 14:09

    Paras Chowdhary, MD, Ceat, said topline has gone down by 4.3%, and the profit before tax (PBT) without exceptional items have gone up by 70% from Rs 21.5 crore to

  • Essar Oil back on track

    29th April, 2009 14:01

    Essar Oil has bounced back today. It touched an intraday high of Rs 152.40 and an intraday low of Rs 142.25. At 1:58 pm, the share was quoting at Rs 149.70, up Rs

  • Arvind shoots up smartly

    29th April, 2009 14:00

    Arvind touched an intraday high of Rs 18.90 and an intraday low of Rs 17.30. At 1:59 pm, the share was quoting at Rs 18.80, up Rs 1.41, or 8.11%. It was trading wi

  • Infotech Enterprises maintains its march ahead

    29th April, 2009 13:48

    Infotech Enterprises touched an intraday high of Rs 147 and an intraday low of Rs 125. At 1:44 pm, the share was quoting at Rs 142.00, up Rs 6.95, or 5.15%. It was

  • Balaji Telefilms puts on a good show

    29th April, 2009 13:42

    Balaji Telefilms touched an intraday high of Rs 43 and an intraday low of Rs 40.20. At 1:38 pm, the share was quoting at Rs 42.70, up Rs 2.35, or 5.82%. It was tra

  • Wockhardt to launch generic version of Comtan; stk up

    29th April, 2009 13:35

    Wockhardt has touched an intra day high of Rs 96.20 and an intra day low of Rs 90.15. At 1:29 pm, the share was quoting at Rs 93.75, up Rs 3.90, or 4.34%. Orion an

  • Arcelormittal Q1CY09 sales down 32% at $ 15.1 bn 

    29th April, 2009 13:33

    ArcelorMittal has announced its first quarter numbers of CY09. It has reported net loss of $1.1 billion. The company booked $1.2 billion exceptional charge

  • Ceat Q4 net profit down at Rs 45 cr

    29th April, 2009 13:26

    Ceat has announced its fourth quarter numbers of FY09. Its reported profit after tax (PAT) slipped 41.5% to Rs 45 crore versus Rs 76.93 crore.

  • Nifty holds 3400; RIL, ONGC, Infy, HDFC, ICICI Bank lead

    29th April, 2009 13:15

    At 13:08 hours IST : Continuous buying in shares of oil & gas exploration, banking, technology, power, telecom and FMCG was aiding the markets to trade strong.

  • Heidelberg Cem Q1CY09 net profit up at Rs 49 cr

    29th April, 2009 13:01

    Heidelberg Cement has announced its first quarter results. The company's Q1CY09 net profit was up at Rs 49 crore versus Rs 37 crore.

  • Patni Computer up on buying interest

    29th April, 2009 13:00

    Patni Computer Systems touched an intraday high of Rs 166.55 and an intraday low of Rs 153.25. At 1:02 pm, the share was quoting at Rs 161.35, up Rs 10.95, or 7.28

  • India Infoline capex plan of Rs 0.9 bn for the year

    29th April, 2009 13:00

    India Infoline has announced its Q4FY09 numbers. Its standalone net profit went down at Rs 11.58 crore versus Rs 32.38 crore (YoY).

  • Bharti Airtel Q4 net sales up 2% at Rs 9824.5 cr 

    29th April, 2009 12:58

    Bharti Airtel has announced its fourth quarter numbers of FY09. Its (US GAAP - generally accepted accounting principles) net profit increased 3.7% to Rs 2,239 cror

  • Expect to produce 60 lk quintal of sugar next yr: Balrampur

    29th April, 2009 12:56

    Balrampur Chini has announced its second quarter numbers. Its Q2 net profit went up by 0.84% at Rs 66.2 crore versus Rs 65.65 crore.

  • Tech Mahindra a performer: ICICIdirect.com

    29th April, 2009 12:48

    ICICIdirect.com has revised its rating on Tech Mahindra from outperformer to performer with price target of Rs 357. Tech Mahindra reported sales of Rs 1051.4 crore

  • Bank Of India announces result; stk down

    29th April, 2009 12:43

    Bank of India touched an intraday high of Rs 256.45 and an intraday low of Rs 243.50. At 12:39 pm, the share was quoting at Rs 244.65, down Rs 6.1, or 2.43%. Bank

  • Gillette India Q3 net profit at Rs 28.5 cr

    29th April, 2009 12:37

    Gillette India has announced its third quarter results. Its net sales were at Rs 171.8 crore versus Rs 140.3 crore. Its net profit was at Rs 28.5 crore versus Rs 2

  • Grindwell Norton Q4 net profit down at Rs 11.9 cr

    29th April, 2009 12:33

    Grindwell Norton has declared its fourth quarter results. Its net sales were at Rs 114.3 crore versus Rs 117.7 crore. Its net profit was at Rs 11.9 crore versus Rs

  • Genus Power Q4 net profit down at Rs 20.1 cr

    29th April, 2009 12:30

    Genus Power Infrastructures has declared its fourth quarter results. Its net sales were at Rs 246 crore versus Rs 193.7 crore. Its net profit was at Rs 20.1 crore

  • Vesuvius Q1 net profit down at Rs 6 cr

    29th April, 2009 12:27

    Vesuvius India has declared its first quarter results. Its net sales were at Rs 70.7 crore versus Rs 81.6 crore. Its net profit was at Rs 6 crore versus Rs 7.3 cro

  • ICICI Bank advances 3.8%

    29th April, 2009 12:20

    ICICI Bank touched an intraday high of Rs 458.80 and an intraday low of Rs 445. At 12:16 pm, the share was quoting at Rs 456.25, up Rs 16.90, or 3.85%. It was tra

  • Hero Honda touches new high

    29th April, 2009 12:17

    Hero Honda Motors touched a 52-week high of Rs 1,182.90. It touched an intraday high of Rs 1,182.90 and an intraday low of Rs 1,130.10. At 12:12 pm, the share was

  • Noida Toll up on large volumes

    29th April, 2009 12:05

    Noida Toll Bridge was trading with volumes of 3,042,435 shares. It touched an intraday high of Rs 33 and an intraday low of Rs 29. At 12:01 pm, the share was quoti

  • See signs of recovery in CY10: S Ramadorai  

    29th April, 2009 12:00

    Commenting on the economic situation, Ramadorai said," You can see some recovery signs in calendar year 2010, that is what the current prognosis is, but nothing ca

  • Mkts trade strong; IT, financials, telecom, power lead

    29th April, 2009 11:54

    At 11:51 hours IST - the markets have moved up further following strong Asian markets. Buying continued in shares of telecom, banking, oil & gas, technology, power

  • Pace of contraction easing, nowhere near bottom: CLSA 

    29th April, 2009 11:46

    Sharmila Whelan, Senior Economist, CLSA, sees the pace and rate of contraction easing. "We are no where close to the bottom of the global economic cycle. We are re

  • Kalindee Rail approves buy back of FCCBs; stk down

    29th April, 2009 11:45

    Kalindee Rail Nirman touched an intraday high of Rs 110.45 and an intraday low of Rs 103.50. At 11:40 am, the share was quoting at Rs 103.95, down Rs 3.15, or 2.94

  • Bank of India Q4 net profit up at Rs 810 cr

    29th April, 2009 11:36

    Bank of India has announced its fourth quarter numbers of FY09. Its net profit went up at Rs 810 crore versus Rs 757 crore, YoY.

  • May Consumer Confidence Index to improve: Kishore Biyani 

    29th April, 2009 11:31

    Kishore Biyani, CEO, Pantaloon, sees some consumer confidence returning and feels May will be better than April. Biyani said the urban population is feeling more s

  • 90% respondents see April expiry at 3400: CNBC-TV18 Poll 

    29th April, 2009 11:23

    About 90% respondents in a poll conducted by CNBC-TV18 see expiry for April series around 3,400, whereas 10% feel it will lie between 3,300 and 3,350. About 40% re

  • IDBI Bank to cut interest rates on fixed deposits; stk up

    29th April, 2009 11:18

    IDBI Bank touched an intraday high of Rs 62 and an intraday low of Rs 60.50. At 11:14 am, the share was quoting at Rs 61.20, up Rs 0.70, or 1.16%. The bank is goin

  • Tata Motors top loser on the Sensex

    29th April, 2009 11:16

    At 11:13 am, Tata Motors was the top loser on the Sensex. It touched an intraday high of Rs 238 and an intraday low of Rs 223.15. The share was quoting at Rs 224.8

  • Bharti Airtel a safe pick: Subramanium 

    29th April, 2009 11:12

    R Venkat Subramanium, Head-Alternate Investments Group, Kotak Securities is of the view that Bharti Airtel is a top and safe pick. Idea is slightly risky but promi

  • Sell Gold MCX 1st Month Future at Rs 14515: Hem

    29th April, 2009 10:56

    Hem Securities has recommended to sell Gold MCX 1st Month Future at Rs 14515 with a stoploss of Rs 14651 and a target of Rs 14340.

  • Mkts extend gains; oil & gas, banks, telecom, IT, power up

    29th April, 2009 10:46

    At 10:43 hours IST - the benchmark indices extended gains on the back of buying in oil & gas, telecom, banking, technology, power and metal stocks. The broader ind

  • ArcelorMittal Q1 net loss at $1.1 bn

    29th April, 2009 10:37

    ArcelorMittal has announced its first quarter numbers. It has reported net loss of $1.1 billion.

  • Asian Hotels Q4 net profit at Rs 15.4 cr

    29th April, 2009 10:36

    Asian Hotels has announced its fourth quarter results. It Q4 net sales were at Rs 104.6 crore versus Rs 159.3 crore.

  • Expect flat to negative growth in FY10: Firstsource 

    29th April, 2009 10:34

    Commenting on the numbers, Ananda Mukerji, MD and CEO, Firstsource Solutions, said Q4 operating profit was up 80% quarter-on-quarter after posting weak Q3 numbers.

  • Instanex FII Index up 1.50%

    29th April, 2009 10:32

    At 10 am, the Instanex FII Index is up 1.50% at 247.47 and the Instanex DII 15 Portfolio is up 0.98%. Sensex is up 1.37% and Nifty is up 1.21%.

  • Canara Bank Q4 PAT seen up 7% at Rs 495 cr

    29th April, 2009 10:29

    Canara Bank is to announce its Q4FY09 numbers. According to CNBC-TV18 estimates, its profit after tax, PAT is expected to go up 7% at Rs 495 crore from Rs 464.06 c

  • Escorts board meet to consider merger; stk up

    29th April, 2009 10:24

    Escorts touched an intraday high of Rs 41.05 and an intraday low of Rs 39.80. At 10:20 am, the share was quoting at Rs 40.50, up Rs 0.70, or 1.76%. The company has

  • See 15-20% growth in consumer fin in 1-2 years: India Info 

    29th April, 2009 10:14

    Nirmal Jain of India Infoline said there has been a reduction in the margin funding book. He said no fresh disbursals have been made for its consumer finance busin

  • MindTree can touch Rs 410: Gujral 

    29th April, 2009 10:11

    Technical Analyst, Ashwani Gujral is of the view that if MindTree can stay above Rs 285 zone, you could easily look at levels of probably Rs 410 but such moves are

  • Unitech plunges 7.3%

    29th April, 2009 10:01

    Unitech touched an intraday high of Rs 43 and an intraday low of Rs 39.60. At 10:03 am, the share was quoting at Rs 39.90, down Rs 3.15, or 7.32% on the NSE. It wa

  • Mkts bounce back on +ve Asian cues, Bharti earnings

    29th April, 2009 09:59

    The markets bounced back in early trade following positive Asian cues and good earnings from Bharti Airtel along with stock split announcement. Metal, banking, tel

  • Remain cautious while stepping into May series: Kotak Sec 

    29th April, 2009 09:57

    R Venkat Subramanium, Head-Alternate Investments Group, Kotak Securities, said he would be extreme cautious while stepping into the May series. “Globally, there is

  • Aztecsoft Q4 net profit at Rs 15.6 cr

    29th April, 2009 09:56

    Aztecsoft has announced its fourth quarter results. It Q4 net sales were at Rs 82.1 crore versus Rs 87.55 crore, QoQ.

  • Nagarjuna Fert has support at Rs 20-21: Gujral 

    29th April, 2009 09:54

    Technical Analyst, Ashwani Gujral is of the view that Nagarjuna Fertilisers and Chemicals has support at Rs 20-21.

  • Sell Gold June around Rs 14580: Bonanza

    29th April, 2009 09:52

    Bonanza has recommended to sell Gold June at around Rs 14580 with stoploss above Rs 14665 and target of Rs 14460-14350.

  • Buy Jeera May around Rs 11900: Bonanza

    29th April, 2009 09:48

    Bonanza has recommended to buy Jeera May at around Rs 11900 with stoploss below Rs 11760 and target of Rs 12150-12300.

  • Re may remain stable with bearish undertone: IndusInd Bank

    29th April, 2009 09:44

    According to Mr. J. Moses Harding, Head Global Markets Group, IndusInd Bank, rupee is likely to remain stable with bearish undertone (if bourses start unwinding re

  • Sensex may test 10760-10720: Angel

    29th April, 2009 09:38

    According to Angel Broking's Technical Analysis report, sharp fall has broken the momentum on the upside and hence if indices trades below 10961 / 3351 levels then

  • US markets end lower 

    29th April, 2009 09:34

    Stocks slightly off on the Wall Street, the Dow dropping 8 points and the Nasdaq losing 6 points and the S&P 500 slipping 2 points.

  • Sterlite unlikely to see EPS above Rs 30 next year 

    29th April, 2009 09:32

    Sterlite Industries' net sales were down 36% at Rs 4,336.13 crore and net profit was down 55% at Rs 598 crore. This current quarter has not been great. The company

  • Nifty has resistance at 3430-3440: Reliance Money

    29th April, 2009 09:28

    According to Reliance Money's Morning Notes, as for Intraday trades, peculiar expiry session volatility will continue to prevail. Support for the day exists around

  • Nifty may rally towards 3415: FinQuest Securities

    29th April, 2009 09:21

    According to FinQuest Securities' report, Nifty appears to be weak for the day, however since intraday momentum indicators have become oversold with yesterday’s fa

  • Truncated week to weigh on investor sentiment today 

    29th April, 2009 09:17

    day is the last but an important trading session of the truncated week. It is also F&O expiry day. The markets will remain closed for four days, so this will weigh

  • Rupee opens at Rs 50.25 per dollar

    29th April, 2009 09:01

    The Indian Rupee opened at Rs 50.25 per dollar versus Rs 50.51 yesterday.

  • 10-year yield seen between 6.10-6.25%: ING Vysya Bank

    29th April, 2009 08:57

    According to RK Gurumurthi, ING Vysya Bank, bond yields continue to find support around the 6% mark. Supply concerns still outweigh easy liquidity. The 10-year yie

  • Rupee could be marginally stronger: Greenback Forex

    29th April, 2009 08:52

    According to Manis Thanawala, Greenback Forex, the rupee could be marginally stronger due to dollar's weakness globally. Month-end demand may however exert pressur

  • Nifty should close around 3400-3420: Edelweiss

    29th April, 2009 08:48

    The Nifty rollover in value terms has been higher and the Nifty should close around 3400-3420 today, Tushar Mahajan said.

  • Nifty likely to witness range of 3440-3270: Bhambwani

    29th April, 2009 08:45

    The coming session is likely to witness a range of 3440 on advances and 3270 on declines. The bullish pivot will be at the 3420 levels above which the outlook will

  • Bharti Q4 revenues seen up 5.34% to Rs 10147.54 cr 

    29th April, 2009 08:39

    Bharti Airtel is to announce its Q4FY09 numbers. According to CNBC-TV18 estimates, the company's revenues are seen going up 5.34% to Rs 10,147.54 crore from Rs 9,6

  • Market cues: FII net buy $368.1 mn

    29th April, 2009 08:37

    Market cues: FII net buy USD 368.1 million on April 27. NSE F&O Apr series expiry today, Open Int down by Rs 1398 crore at Rs 90408 crore.

  • F&O cues: Futures Open Int down Rs 2023 cr

    29th April, 2009 08:35

    F&O cues: Futures Open Int down Rs 2,023 crore, Options Open Int up by Rs 625 crore. Nifty Futures shed 2 lakh shares in net Open Int.

  • Support for Sensex at 10739-10506: Gaba

    29th April, 2009 08:31

    The support for the Sensex is 10739-10506 and the resistance to the up move is at 11200. The support for the Nifty is at 3302-3238 and the resistance to the up mov

  • Patni Q1 net profit seen down 39% to Rs 47.5 cr

    29th April, 2009 08:25

    Patni Computer Systems is to announce its first quarter numbers of CY09. Its net profit is expected to go down 39% to Rs 47.5 crore from Rs 78 crore.

  • Multiplexes brace for 35-50% dip in business

    29th April, 2009 08:19

    Multiplex chains are expecting a slump of 35-50 per cent in business due to the ongoing producer-exhibitor standoff.

  • Stocks in news: Bharti, Sterlite, BoB, Aditya Birla Nuvo

    29th April, 2009 08:16

    Bharti, Sterlite, Bank of Baroda, Aditya Birla Nuvo, SBI, IDBI Bank, Reliance Communication, Pennar Industries, Kalindee Rail, Tulip Telecom, Alok Industries and U

  • Copper declines 3% to 3-week lows 

    29th April, 2009 08:16

    Copper declined 3% to 3-week lows. Nickel fell 5% to $10800/tonne and Tin fell 5% to $11700/tonne. Gold declined 1.6% to 893.6 an ounce, a 3-week low. Silv

  • Expect flat to negative opening: Gujral

    29th April, 2009 08:13

    The market may have flat to negative opening today. Nifty has supports at 3250- 3300 and resistances are at 3400-3450.

  • FIIs net sell Rs 256 cr in equities on Apr 28 (prov) 

    29th April, 2009 08:09

    FIIs were net sellers to the tune of Rs 256 crore and DIIs net sold Rs 202 crore in equities on April 28 (provisional figures). FIIs net sold Rs 590 crore in F&O.

  • Asian markets trading firm; Hang Seng up

    29th April, 2009 08:04

    At 8:01 am (IST), Asian markets were trading firm. China's Shanghai Composite was up 0.30% or 7.26 points at 2,408.70. Hong Kong's Hang Seng rose 1.31% or 190.26 p

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