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Moneycontrol News Archive : 22 July, 2009

  • NAVs decline sharply on weak mkts' cues

    22nd July, 2009 23:57

    As the benchmark indices closed sharply lower and continued their downtrend for the second consecutive day, equity diversified NAVs ended weak with advance:decline

  • Withdraw cash at stores, not ATMs 

    22nd July, 2009 21:27

    Your neighbourhood store at which you shop for groceries and pay with your card, can now be your cash dispensing ATM. Reserve Bank of India (RBI) today directed ba

  • Tech Mahindra Q1 MTM losses at USD 5.76 mn

    22nd July, 2009 21:07

    Tech Mahindra's Q1 FY10 net profit was down at Rs 140 crore as compared to Rs 230.5 crore quarter-on-quarter.

  • Indian Bank Q1 PAT seen up 35% to Rs 293 cr

    22nd July, 2009 20:45

    Indian Bank is to announce its first quarter results. According to CNBC-TV18 estiamtes, the company's net profit are seen up 34.65% from Rs 217.62 crore to Rs 293.

  • Mkts fall on huge volumes, total turnover at Rs 1,19,647cr 

    22nd July, 2009 20:40

    Markets continued their downward journey for the second straight session. Frontline indices slipped nearly 3.5% from the day's highs to close deep in the red. The

  • ONGC Q1 PAT seen down 28.7% at Rs 4734.9 cr

    22nd July, 2009 20:33

    ONGC is to announce its first quarter results. According to CNBC-TV18 estimates, the company’s net sales are seen down 15.4% at Rs 16966 crore versus Rs 20052.2 cr

  • Canara Bank's deposits up 24% in Q1 FY10 

    22nd July, 2009 20:12

    AC Mahajan, Chairman, Canara Bank said, the bank's aggregate business and deposits grew 28% and 24% respectively. He further said, the bank has maintained its net

  • Zee News Q1 PAT seen up 13% to Rs 10.5 cr

    22nd July, 2009 19:34

    Zee News is to announce its first quarter results. According to CNBC-TV18 estimates, revenues are seen up 24.5% to Rs 140.3 crore versus Rs 112.7 crore.

  • Jet Airways may raise up to $400m additional capital 

    22nd July, 2009 19:16

    Jet Airways is taking a page from Kingfisher's book. CNBC-TV18 learns the airline is looking to raise up to 400 million dollars in additional capital. CNBC-TV18’s

  • Ambuja Cem Q2CY09 PAT seen up 22% at Rs 701.5 cr

    22nd July, 2009 19:09

    Ambuja Cements is to announce its second quarter results. According to CNBC-TV18 estimates, the company’s Q2CY09 revenues are seen up 18% at Rs 1845.5 crore versus

  • IFCI Q1 PAT down at Rs 100.72 cr

    22nd July, 2009 19:04

    IFCI has announced its first quarter results. The company's Q1FY10 revenues were up 2.98% from Rs 309.48 crore to Rs 318.72 crore.

  • IRDA finalises cap on ULIPs 

    22nd July, 2009 18:43

    The IRDA has capped ULIP charges of insurance companies. IRDA has now finalised the cap for these charges. IRDA has said that the charges cannot exceed 300 bps for

  • MFs net buy Rs 104.50 cr in equities on July 21

    22nd July, 2009 18:33

    On July 21, 2009, mutual funds (MFs) were net buyers to the tune of Rs 104.50 crore in equities. They made gross purchase of Rs 1,005.80 crore and gross sales of R

  • Q1 revenue below expectations, see growth ahead: Mastek 

    22nd July, 2009 18:21

    Sudhakar Ram, CMD and CEO, Mastek, said the company expected revenues to come in at about Rs 220-230 crore this quarter but it ended-up at Rs 214 crore. However, h

  • FIIs net buy Rs 50 cr in equities on July 21

    22nd July, 2009 18:09

    On July 21, 2009, foreign institutional investors (FIIs) were net buyers to the tune of Rs 50.10 crore in equities. They made gross purchase of Rs 2,547.40 crore a

  • Wells Fargo Q2 revenue up at $22.51 bn

    22nd July, 2009 17:46

    Wells Fargo has declared its Q2CY09 numbers. Its revenue increased to $22.51 billion versus $11.46 billion (YoY).

  • Rupee ends lower, bonds higher

    22nd July, 2009 17:44

    The Indian rupee ended lower tailing fall in local shares. Banks also bought dollars for oil companies and other importers. But, exporter dollar sales limited the

  • Piramal Health expects sales growth of 16% in Q2

    22nd July, 2009 17:25

    Piramal Healthcare has announced its first quarter results. The company's Q1 consolidated net sales were up at Rs 821.5 crore versus Rs 708.3 crore, YoY.

  • ITC Q1 net profit seen up 15.6% at Rs 865.1 cr

    22nd July, 2009 17:22

    ITC is set to announce its Q1FY10 numbers. According to CNBC-TV18 estimates, its net profit is expected to go up 15.6% at Rs 865.1 crore versus Rs 748.67 crore, Yo

  • Don't buy Indiabulls Financial: Bhambwani 

    22nd July, 2009 17:10

    Technical Analyst, Vijay Bhambwani is of the view that one should not do fresh buying in Indiabulls Securities and Indiabulls Finance at these levels.

  • Today’s sharp fall cannot be termed as a breakdown 

    22nd July, 2009 17:04

    Managing Editor of CNBC-TV18, Udayan Mukherjee, said the volumes really perked up because of the volatility. “Even today’s sharp intraday fall of 150 points, I thi

  • IDFC can go down to Rs 98-115: Bhambwani 

    22nd July, 2009 17:00

    Technical Analyst, Vijay Bhambwani is of the view that Infrastructure Development Finance Company, IDFC can go down to Rs 98-115.

  • Expect a growth of 25% this year: Radico Khaitan

    22nd July, 2009 16:55

    Radico Khaitan has declared its first quarter results. The company's net profit was at Rs 10.7 crore versus Rs 6.9 crore.

  • India Cements has capex plan of Rs 1500cr

    22nd July, 2009 16:53

    India Cements has come out with Q1FY10 numbers. Its revenues were up 9% at Rs 953.48 crore versus Rs 865.62 crore. Net profit rose 2% to Rs 144.28 crore from Rs 14

  • Sales in Maharashtra expected to rise: India Cements

    22nd July, 2009 16:32

    India Cements has come out with Q1FY10 numbers. Its revenues were up 9% at Rs 953.48 crore versus Rs 865.62 crore. Net profit rose 2% to Rs 144.28 crore from Rs 14

  • Expect 30-40% rise in loan growth: LIC Housing Fin

    22nd July, 2009 16:21

    LIC Housing Finance has announced its first quarter results. The company's Q1 standalone net sales were up at Rs 745.1 crore versus Rs 605.4 crore.

  • Rise in sales volumes boost Q1 profits: Shree Digvijay  

    22nd July, 2009 16:07

    PA Nair, Wholetime Director and CEO, Shree Digvijay Cement said the company’s profit increased due to increase in sales volume and realization. “Our sales realisat

  • Subscribe to Adani Power IPO: SP Tulsian 

    22nd July, 2009 15:37

    Adani Power fixed its initial public offering (IPO) band at Rs 90-100 per share. Commenting on the same, Investment Advisor, SP Tulsian, said he would subscribe to

  • HDFC announces result, stock down 5%

    22nd July, 2009 15:29

    HDFC touched an intraday high of Rs 2,594 and an intraday low of Rs 2,376. At 3:25 pm, the share was quoting at Rs 2,386.25, down Rs 135.65, or 5.38%. Its net pro

  • Piramal Health Q1 cons PAT up at Rs 85.1 cr

    22nd July, 2009 15:19

    Piramal Healthcare has announced its first quarter results. The company's Q1 consolidated net sales were up at Rs 821.5 crore versus Rs 708.3 crore, YoY.

  • Unichem Labs Q1 net profit down 3% at Rs 32 cr

    22nd July, 2009 15:16

    Unichem Laboratories has announced its Q1FY10 numbers. Its net profit was down 3% at Rs 32 crore versus Rs 33 crore, YoY.

  • Stock futures add 1.5 cr shares in OI 

    22nd July, 2009 15:04

    Stock futures added 1.5 crore shares in open interest. IDFC was down nearly 5.5% and there was an addition of nearly 37 lakh shares in open interest.

  • HDFC Q1 net profit up 20.73% at Rs 565 cr

    22nd July, 2009 15:00

    HDFC has announced its Q1FY10 numbers. Its net profit went up 20.73% at Rs 565 crore versus Rs 468 crore, YoY.

  • Asian markets end mixed; Shanghai Composite up 2.60%

    22nd July, 2009 14:57

    Asian markets ended mixed. China's Shanghai Composite advanced 2.60% or 83.409 points at 3,296.615. Japan's Nikkei rose 0.74% or 71.14 points at 9,723.16. South Ko

  • Cipla in a poor health

    22nd July, 2009 14:53

    Cipla touched an intraday high of Rs 284.90 and an intraday low of Rs 268.50. At 2:52 pm, the share was quoting at Rs 270.30, down Rs 12.25, or 4.34% on the NSE. I

  • See EBIDTA margin of 20% in Q2: Visa Steel 

    22nd July, 2009 14:44

    Vishambhar Saran, Chairman, Visa Steel, said the company’s net sales were flat at Rs 254 crore and PAT was just over Rs 10 crore. Its EBIDTA was about Rs 34 crore

  • Gujarat NRE Coke back on track

    22nd July, 2009 14:39

    Gujarat NRE Coke touched an intraday high of Rs 53.50 and an intraday low of Rs 50.70. At 2:36 pm, the share was quoting at Rs 52.35, up Rs 1.70, or 3.36%. It was

  • Natural Gas inventory data may show decline in supply 

    22nd July, 2009 14:38

    The crude price was holding above USD 65 per barrel, so that’s supportive for the energies product. Natural Gas was trading on a firmer side holding above USD 3.7

  • Can add 60000 MW in Eleventh Plan: Former Power Secy 

    22nd July, 2009 14:35

    RV Shahi, Former Power Secretary, said, “We are better prepared for the Eleventh Plan, however, the manufacturing capacity issue is the biggest roadblock in the in

  • Moser Baer eyes acquisitions, stock gains

    22nd July, 2009 14:27

    Moser Baer touched an intraday high of Rs 82.85 and an intraday low of Rs 78. At 2:20 pm, the share was quoting at Rs 81.80, up Rs 4.30, or 5.55%. According to sou

  • Apollo Tyre has target of Rs 41: S Sharma 

    22nd July, 2009 14:24

    Salil Sharma of Kapur Sharma & Co is of the view that Apollo Tyre has short term target of Rs 41.

  • GVK Power in talks to buy 2 powerplants; stk down

    22nd July, 2009 14:15

    GVK Power & Infrastructure touched an intraday high of Rs 44.50 and an intraday low of Rs 41.65. At 2:12 pm, the share was quoting at Rs 42.10, down Rs 0.8, or 1.8

  • Accumulate Crompton Greaves, target of Rs 311: Angel

    22nd July, 2009 14:14

    Angel Broking has maintained its accumulate rating on Crompton Greaves with a target price of Rs 311. Crompton Greaves posted a 8.0% yoy growth in its consolidated

  • BHEL Q1 PAT up 22.4% at Rs 470.59 cr

    22nd July, 2009 14:09

    BHEL has announced its Q1FY10 numbers. Its PAT (profit after tax) was up 22.42% at Rs 470.59 crore versus Rs 384.41 crore, YoY.

  • BHEL eyes 30% PAT growth in FY10 

    22nd July, 2009 14:01

    The Bharat Heavy Electricals management said that the company was likely to announce the biggest order ever this week of 6x600MW. It said that it saw a 30% profit

  • HCL Tech among major losers

    22nd July, 2009 13:56

    At 1:55 pm, HCL Technologies was among major losers on the Nifty. It touched an intraday high of Rs 236 and an intraday low of Rs 215. The share was quoting at Rs

  • Tata Steel can give 5-10% return: VK Sharma 

    22nd July, 2009 13:49

    VK Sharma of Anagram Stock Broking is of the view that Tata Steel can give another 5-10% return at this point of time but beyond that it’s a sell on rally stock pu

  • Rural Electrification a good bet: VK Sharma 

    22nd July, 2009 13:44

    VK Sharma of Anagram Stock Broking is of the view that Rural Electrification Corporation, REC is a good bet for an average investor.

  • Instanex FII Index down 0.79%

    22nd July, 2009 13:41

    The Instanex FII Index was down 0.79% at 322.04 (+1.40% at 12 noon) at 1 pm – the worst performer among the Instanex Owner Indexes.

  • Glenmark Pharma slips on profit booking

    22nd July, 2009 13:34

    Glenmark Pharma touched an intraday high of Rs 264.40 and an intraday low of Rs 244.50. At 1:31 pm, the share was quoting at Rs 247.70, down Rs 17.15, or 6.48%. It

  • GVK to use $150m QIP proceeds to buy power plants

    22nd July, 2009 13:22

    CNBC-TV18 learns from sources that GVK is in talks to buy two power plants in north India. The size of these power plants are said to be at about 1000 mw. The powe

  • TCS among major losers

    22nd July, 2009 13:13

    At 1:09 pm, TCS was among the major losers on the Sensex. It touched an intraday high of Rs 485.80 and an intraday low of Rs 450.05. The share was quoting at Rs 46

  • Canara Robeco MF launches Canara Robeco F.O.R.C.E Fund

    22nd July, 2009 13:00

    Canara Robeco Mutual Fund has launched a new fund Canara Robeco F.O.R.C.E Fund, an open-ended equity fund, that seek to provide long-term capital appreciation by p

  • Hold Yes Bank, target of Rs 162: ICICIdirect.com

    22nd July, 2009 12:58

    ICICIdirect.com has recommended a hold rating on Yes Bank with a target price of Rs 162. Yes bank’s Q1FY10 results were ahead of our and street estimates. The bank

  • ING Vysya Bank minting money

    22nd July, 2009 12:48

    ING Vysya Bank touched an intraday high of Rs 206.90 and an intraday low of Rs 192. At 12:46 pm, the share was quoting at Rs 199.70, up Rs 14.40, or 7.77%. It was

  • Buy Voltamp Transformers, tgt Rs 1015: India Capital Mkts

    22nd July, 2009 12:44

    India Capital Markets has recommended a buy rating on Voltamp Transformers with a target price of Rs 1015. The research firm expects volumes to grow at a CAGR of 1

  • HDIL moves up sharply

    22nd July, 2009 12:39

    HDIL touched an intraday high of Rs 247.40 and an intraday low of Rs 231.35. At 12:35 pm, the share was quoting at Rs 241.20, up Rs 10.55, or 4.57%. It was trading

  • Buy UltraTech Cement, target of Rs 850: Sharekhan

    22nd July, 2009 12:37

    Sharekhan has upgraded its rating on UltraTech Cement from hold to buy with a revised target price of Rs 850. For Q1FY2010 UltraTech Cement (UltraTech) has reporte

  • Book profits in Thermax: Sharekhan

    22nd July, 2009 12:25

    Sharekhan has advised investors to partially book profits in Thermax. Thermax’ Q1FY2010 results have been disappointing on all fronts with its both revenue and pro

  • Buy Power Grid, target of Rs 144: Hem

    22nd July, 2009 12:17

    Hem Securities has initiated a buy rating on Power Grid Corporation of India with a target price of Rs 144. The company posted financial figures for the quarter en

  • Lupin chalks out Rs 450cr plan, to ramp up India production 

    22nd July, 2009 12:10

    Drug maker Lupin announced plans of pumping in 450 crore rupees through this year to add capacities and shift most of its global production on India reports CNBC T

  • India Cements can move upto Rs 156: Anu Jain 

    22nd July, 2009 12:04

    Anu Jain of India Infoline is of the view that India Cements can move upto Rs 156.

  • Glenmark Pharma can touch Rs 280: Anu Jain 

    22nd July, 2009 12:01

    Anu Jain of India Infoline is of the view that Glenmark Pharma can touch Rs 280.

  • REC submits follow on public offer plan

    22nd July, 2009 11:55

    Finance Ministry source said that REC (Rural Electrification Corporation) submitted follow on public offer (FPO) plan, reports CNBC-TV18 quoting NewsWire18.

  • Keep Rs 224 stoploss in Punj Lloyd: Anu Jain 

    22nd July, 2009 11:50

    Anu Jain of India Infoline is of the view that if one is holding Punj Lloyd then keeps Rs 224 stoploss. If it were to close over Rs 235 for a day or so then that w

  • Instanex FII Index up 1.32%

    22nd July, 2009 11:45

    FIIs and domestic institutional investor seem to have started buying. At 11 am, the Instanex FII Index was up 1.32% at 328.90 (+0.55% at 10 am) and the Instanex DI

  • Buy Amara Raja Batteries with a long term view: Nirmal Bang

    22nd July, 2009 11:37

    Nirmal Bang has recommended a buy rating on Amara Raja Batteries. ARBL earns 55% of its revenues from Industrial VRLA batteries that cater to the sectors such as T

  • Mkts extend rally; realty, banks, metal, oil exploration up

    22nd July, 2009 11:32

    At 11:26 hours IST, the markets extended the rally on the back of upsurge in shares of banking, oil & gas exploration, realty, power, cement, metal and select capi

  • Infosys up on bagging eBiz project from Commerce Ministry

    22nd July, 2009 11:28

    Infosys Technologies touched an intraday high of Rs 1,972.00 and an intraday low of Rs 1,952. At 11:25 am, the share was quoting at Rs 1,962.80, up Rs 19.70, or 1.

  • BOC India Q2 net profit down at Rs 9.7 cr

    22nd July, 2009 11:24

    BOC India has announced its Q2FY09 numbers. Its net profit declined to Rs 9.7 crore versus Rs 16.9 crore, YoY.

  • Unitech advances 4.1%

    22nd July, 2009 11:22

    Unitech touched an intraday high of Rs 85 and an intraday low of Rs 81.80. At 11:20 am, the share was quoting at Rs 84.90, up Rs 3.40, or 4.17%. It was trading wit

  • Indowind Energy bounces back

    22nd July, 2009 11:19

    Indowind Energy touched an intraday high of Rs 42.80 and an intraday low of Rs 40.25. At 11:16 am, the share was quoting at Rs 42.60, up Rs 2.80, or 7.04%. It was

  • Tata Power raised US$ 335 million through GDRs

    22nd July, 2009 11:15

    The Tata Power Company Limited, India’s largest integrated private power company today announced that it has priced an equity offering in the form of Global Deposi

  • Likely to raise Rs 600cr via QIP in Q2FY10: LIC Hsg Fin 

    22nd July, 2009 11:10

    LIC Housing Finance, which came out with its quarterly results, said the cost of incremental funds had come down, he said, and added that net interest margins woul

  • Current orderbook at Rs 3230 cr: Thermax

    22nd July, 2009 10:52

    Thermax has declared its first quarter results. The company's PAT was down 27% at Rs 46.49 crore versus Rs 63.7 crore. Its net sales was down 25% at Rs 537.59 cror

  • Will use GDR funds for capex: Tata Power 

    22nd July, 2009 10:49

    Ramakrishnan said that Tata Power had raised the money for capex needs for projects under implementation like Mundra UMPP. He added that the company would continue

  • Shreyas Shipping Q1 net loss at Rs 2.71 cr

    22nd July, 2009 10:45

    Shreyas Shipping has declared its first quarter results. Its revenue was at Rs 24.87 crore versus Rs 43.28 crore. Its loss was of Rs 2.71 crore versus profit of Rs

  • Balkrishna Ind Q1 net profit up at Rs 52.34 cr

    22nd July, 2009 10:32

    Balkrishna Industries has declared its first quarter results. Its total income was at Rs 302.87 crore versus Rs 290.8 crore. Its net profit was at Rs 52.34 crore v

  • Reduce IDFC, target of Rs 133: IIFL

    22nd July, 2009 10:29

    IIFL has recommended a reduce rating on Infrastructure Development Finance Company (IDFC) with a target price of Rs 133. IDFC delivered a robust 26% YoY growth in

  • Wipro guides up to 2% growth despite tough mkt situation 

    22nd July, 2009 10:20

    In an exclusive interview with CNBC-TV18, the Wipro management declared a guidance of 0-2% growth despite tough market situation. They said that it expected slow

  • Jaybharat Textiles PAT up 5.5% at Rs 11.25 cr

    22nd July, 2009 10:13

    Jaybharat Textiles And Real Estate has announced its June quarter results. Its revenues were up 10% at Rs 131.6 crore versus Rs 120 crore.

  • Premier Q1 net profit at Rs 2.2 cr

    22nd July, 2009 10:11

    Premier has declared its first quarter results. Its net sales were at Rs 25 crore versus Rs 23.4 crore.

  • Welspun Guj bounces back

    22nd July, 2009 10:07

    Welspun Guj has bounced back today. It touched an intraday high of Rs 201.50 and an intraday low of Rs 193.40. At 10:06 am, the share was quoting at Rs 201.15, up

  • Esab India Q2 net profit at Rs 16.2 cr

    22nd July, 2009 10:05

    Esab India has declared its second quarter results. Its Q2 net sales were at Rs 105.9 crore versus Rs 114.4 crore.

  • Pace of economic decline has slowed: Ben Bernanke 

    22nd July, 2009 10:04

    The pace of the economic decline in the United States has slowed down significantly, US Federal Reserve Chairman Ben Bernanke has said. Bernanke seconded the oft-r

  • Tata Power raises $335 m via GDR issue

    22nd July, 2009 10:02

    Tata Power has raised USD 335 million via global depositary receipts (GDR), report CNBC-TV18. The issue was priced at Rs 1,090 per share. The company had planned t

  • DCW Q1 net profit at Rs 18.4 cr

    22nd July, 2009 10:00

    DCW has announced its first quarter results. Its net sales were at Rs 225.8 crore versus Rs 240.7 crore.

  • Sutlej Textiles Q1 net profit at Rs 4.3cr

    22nd July, 2009 09:57

    Sutlej Textiles and Industries has declared its first quarter results. Its net sales were at Rs 250 crore versus Rs 224.4 crore.

  • Mkts may correct and consolidate around 4300: Nirmal Bang

    22nd July, 2009 09:51

    According to Nirmal Bang's report, going forward we believe that markets should correct a bit and consolidate around the 4300 mark before continuing its upward jou

  • Skindia GDR index signals flat Nifty opening

    22nd July, 2009 09:47

    The main gainers were Ranbaxy (+8.17%; weight 0.41%), L&T (+1.31%; weight 2.76%) and Mahindra & Mahindra (+1.20%; weight 2.08%) and the main losers were Satyam Com

  • Nifty has resistance at 4530-4550: Anagram

    22nd July, 2009 09:43

    According to Anagram Research's report, the 4500 call writing suggests 4530-4550 could be a possible resistance.

  • Expect profit booking: Ajay Jain

    22nd July, 2009 09:39

    As per Lt Col Ajay Jain, CEO, www.astromoneyguru.com, 22nd day of July 2009 is represented by planet called Rahu and year 2009 is represented by Planet called Moon

  • 4650 on Nifty dependent on global cues: India Infoline 

    22nd July, 2009 09:38

    Anu Jain of India Infoline said that the Indian Market are still dependent on the global cues adding that scaling beyond 4650 depends on how the Dow and S&P play o

  • Expect positive opening: Karvy

    22nd July, 2009 09:30

    According to Karvy Stock Broking's Technical Analysis report, the indices are expected to open on a positive note as global indices are trading in the green.

  • Nifty likely to hit 4500 today; see pause in second half 

    22nd July, 2009 09:28

    The Wipro numbers came in flattish but these number, Udayan Mukherjee said would not affect the Indian stock market in a big way. The markets will probably start b

  • Slow progress on Glenmark's asthma molecule  

    22nd July, 2009 09:23

    Glenmark was up 8% yesterday on hopes of the progress of oglemilast but Forest Lab in its concall said that there is no additional information on it. It said that

  • Bonds likely to be lacklustre: ING Vysya Bank

    22nd July, 2009 09:09

    According to RK Gurumurthi, ING Vysya Bank, the bonds are likely to be lacklustre in the absence of any fresh trigger. The liquidity situation is comfortable but t

  • Rupee likely to be weaker: Pinnacle Forex

    22nd July, 2009 09:07

    According to N Subramaniam, Pinnacle Forex, the rupee is likely to be weaker today on month-end demand. GDR flows into equity market will support the currency. The

  • Current advance should take Nifty past 4703: CLSA

    22nd July, 2009 09:00

    The roadmap of projecting new highs above previous peak of 4,703 is back on track. The current advance should take Nifty past 4703, and then to 5,473, Laurence Bal

  • IBM in deal with Sun TV

    22nd July, 2009 08:55

    IBM has announced the signing of a services deal to implement and manage Customer Relationship Management-(CRM) related applications for Sun Direct TV, part of the

  • Wipro Q1 net profit up 0.5% at Rs 1015.5 cr

    22nd July, 2009 08:48

    Wipro has announced its Q1FY10 numbers. The company's consolidated net sales declined to Rs 6,289.1 crore from Rs 6,482.1 crore (QoQ) and net profit went up a bit

  • F&O cues: Total Futures Open Interest up by Rs 232 cr

    22nd July, 2009 08:45

    F&O cues: Total Futures Open Interest up by Rs 232 crore and Total Options Open Interest up by Rs 962 crore. Nifty down 0.7%, Futures Open Interest up 1%.

  • Market cues: FIIs net buy $ 146 mn

    22nd July, 2009 08:43

    Market cues: FIIs net buy USD 146 million in cash on July 20.

  • Copper up 2% at $5400/tonne 

    22nd July, 2009 08:30

    Copper was trading off 9-month highs. LME stocks were down 22% and Chinese imports were at record highs. Copper was up 2% at $5400/tonne.

  • Mid and small caps likely to catch-up 

    22nd July, 2009 08:20

    The markets consolidated within narrow range. Pullback was led by metals stocks. Tata Steel raised $500 million via GDR issue and Tata Power lauched $400 m

  • Indian ADRs: Satyam down 5.8%, MTNL up 3.9%

    22nd July, 2009 08:14

    Indian ADRs ended mostly in red on Tuesday. In the IT space, Infosys was up 0.54% at $ 40.9 while Wipro was down 1.17% at $ 13.48, Satyam Computers was dow

  • Asian markets trading mixed; Nikkei up, Hang Seng flat

    22nd July, 2009 08:07

    At 8: 05 am (IST), Asian markets were trading mixed. China's Shanghai Composite gained 1.28% or 41.08 points at 3,254.29. Hong Kong's Hang Seng was flat at 19,501.

  • Gruh Finance Q1 net profit up at Rs 10 cr

    22nd July, 2009 07:20

    Gruh Finance has come out with Q1FY10 numbers. Its net profit increased to Rs 10 crore versus Rs 7.8 crore, YoY.

  • TNPL Q1 net profit down at Rs 7 cr

    22nd July, 2009 07:14

    TNPL (Tamil Nadu Newsprint and Papers) has declared its Q1FY10 numbers. Its net profit declined 71% to Rs 7.14 crore versus Rs 24.65 crore, YoY.

  • Support for rupee seen at 48.2-48.3/$: Commtrendz

    22nd July, 2009 22:02

    According to Commtrendz Research, the immediate supports for rupee is at 48.20/48.30 followed by 47.70/47.80. The immediate resistance falls around 48.70/48.80 fol

  • Bharti deal: MTN, PIC representatives in Mumbai for talks

    22nd July, 2009 21:09

    MTN board member and a representative from PIC, MTN's largest shareholder, are in Mumbai, reports CNCB-TV18, quoting sources. It is believed that MTN and PIC r

  • Funds houses to lobby against DIPP’s FDI in realty stance 

    22nd July, 2009 20:59

    On Monday, DIPP clarified FDI investment in the realty space and the entire investment committed by funds and foreign investors needs to be locked for a period of

  • To deliver 6000 MW by 2010, says Vedanta's Anil Agarwal 

    22nd July, 2009 20:41

    Anil Agarwal, Chairman, Vedanta Resources, is bullish on power. "After NTPC, we produce 2,000 MW. We are going to deliver 6,000 MW by next year. Our goal is to pro

  • Target 2.2% net interest margin in FY10: HDFC 

    22nd July, 2009 20:36

    Housing finance major HDFC came in with results in line with market expectation––its profits surged a healthy 20% to Rs 565 crore against the Rs 468 crore clocked

  • Ispat Inds sheds 43 lakh shares in open interest 

    22nd July, 2009 20:23

    The Nifty 4,200 Put shed a lot of open interest (OI) nearly 6.5 lakh shares and 4,600 Call added about 5 lakh shares in OI. Ispat Industries was down 4% with a cut

  • United Phosphorous Q1 PAT seen up 16% to Rs 171 cr

    22nd July, 2009 19:46

    United Phosphorous is to announce its first quarter results. According to CNBC-TV18 estimates, the company’s Q1 PAT revenues are seen up 9% to Rs 1415 crore versus

  • ACC Q2CY09 PAT seen up 44% at Rs 390 cr

    22nd July, 2009 19:26

    ACC is to announce its second quarter results. According to CNBC-TV18 estiamtes, the company’s Q2CY09 revenues are seen up 12% at Rs 2035.6 crore versus Rs 1821.82

  • Apollo Tyres Q1 PAT seen up at Rs 54.7 cr

    22nd July, 2009 19:16

    Apollo Tyres is to announce its first quarter. According to CNBC-TV18 estimates, revenues are seen up 6% at Rs 1141 crore versus Rs 1075 crore.

  • Slow deal closures posing challenges: Tech Mahindra 

    22nd July, 2009 19:09

    Kalra, CEO, Tech Mahindra, said the company is working on striking deals with new telecom companies in new markets. "Pricing pressures, and slow deal closures are

  • US markets open lower; Dow down 34 points

    22nd July, 2009 19:01

    At 19.04 hrs (IST)- The US markets opened lower. The Dow Jones Industrial Average was down 34.08 points, or 0.38%, to 8,881.86. The Nasdaq was down 7.24 points, or

  • Shriram Transport Finance's issue of NCDs upto Rs 1000cr

    22nd July, 2009 18:41

    Shriram Transport Finance Company Limited, one of the largest asset financing NBFCs in India, plans to enter the debt capital market on 27 July, 2009 with a public

  • Liquidity driving rally, see volatile trade ahead: Experts 

    22nd July, 2009 18:23

    Jagdish Malkani, Country Head, Taib India, and Rajen Shah, Chief Investment Officer, Angel Broking, feel volatility will continue going forward. They believe liqui

  • IRDA caps charges on ULIPs; effective from Oct 1, 2009

    22nd July, 2009 18:11

    Only a few weeks back, SEBI did away with entry loads on MFs and changed the charges structure. Today, the Insurance Regulatory Authority of India (IRDA), capped c

  • Maruti Suzuki Q1 PAT seen flat at Rs 466 cr

    22nd July, 2009 17:46

    Maruti Suzuki is to announce its first quarter results. According to CNBC-TV18 estimates, the company’s Q1FY10 PAT are seen flat at Rs 466 crore versus Rs 465.8 cr

  • Morgan Stanley Q2 loss at $159 mn

    22nd July, 2009 17:45

    Morgan Stanley has announced its Q2CY09 numbers. It has posted loss of $159 million and loss per share stood at $1.10.

  • Reliance has support at Rs 1860: Bhambwani 

    22nd July, 2009 17:29

    Technical Analyst, Vijay Bhambwani is of the view that Reliance Industries has support at Rs 1860.

  • Buy Satyam for Investment: Bhambwani 

    22nd July, 2009 17:23

    Technical Analyst, Vijay Bhambwani is of the view that one can buy Satyam Computer Services at current level with a year time frame.

  • HDFC has support at Rs 1900-1980: Bhambwani 

    22nd July, 2009 17:18

    Technical Analyst, Vijay Bhambwani is of the view that Housing Development Finance Corporation, HDFC has support at Rs 1900-1980.

  • GDRs have better coverage than QIPs: Elara Capital 

    22nd July, 2009 17:09

    Raj Bhatt, Chairman and CEO, Elara Capital, said that although QIP is cheaper than GDR the latter has a wider coverage because there are several institutions that

  • Instanex FII Index down 1.67%

    22nd July, 2009 17:04

    At close, FIIs seem to have sold and speculators seem to have bought. The Instanex FII Index was down 1.67% (-1.90% at 3 pm) at 319.20 while the Instanex Promoter

  • Madras Cements a top pick in cement sector: Rajen Shah 

    22nd July, 2009 16:55

    Rajen Shah of Angel Broking is of the view that Madras Cements would be a top pick in this sector.

  • Skindia GDR Index down 1%

    22nd July, 2009 16:54

    The main losers are Mahindra & Mahindra (-7.74%; weight 1.94%), Grasim Industries (-4.16%; weight 3.85%), Ranbaxy (-3.34%; weight 0.40%) and L&T (-2.91%; weight 2.

  • Don't buy HDFC: Jagdish Malkani 

    22nd July, 2009 16:52

    Jagdish Malkani, Country Head of Taib India is of the view that one should not buy Housing Development Finance Corporation, HDFC.

  • Tech Mahindra Q1 PAT down at Rs 140 cr

    22nd July, 2009 16:29

    Tech Mahindra has announced its first quarter results. The company's Q1 net profit was down at Rs 140 crore versus Rs 230.5 crore, QoQ. Its net profit was down due

  • Q1 saw growth due to better MTM provisions: Infotech Ent 

    22nd July, 2009 16:12

    Infotech Enterprises has declared a profit of Rs 46.28 crore. Commenting on the results, the CMD, BVR Mohan Reddy said that growth was seen due to a reversal in ma

  • Nifty closes below 4400 on high volumes; heavyweights drag

    22nd July, 2009 15:37

    The benchmark indices closed sharply lower and continued the downtrend for the second consecutive day. The markets crossed the total turnover of Rs 1 lakh crore as

  • Finolex Cables Q1 PAT up at Rs 22 cr

    22nd July, 2009 15:30

    Finolex Cables has announced its first quarter results. The company's Q1 net profit was up at Rs 22 crore versus Rs 7.5 crore.

  • Deccan Chronicle up on huge volumes

    22nd July, 2009 15:25

    Deccan Chronicle Holdings touched an intraday high of Rs 94.40 and an intraday low of Rs 83.20. At 3:21 pm, the share was quoting at Rs 89.60, up Rs 7.90, or 9.67%

  • Deccan Chronicle gets Sebi nod for share buyback 

    22nd July, 2009 15:18

    Deccan Chronicle gets the long awaited Sebi nod for its share buyback, reports CNBC-TV18's Ekta Batra. The market regulator has approved the buyback up to 3.5 cror

  • Yes Bank to open 250 branches till FY2010

    22nd July, 2009 15:13

    Yes Bank has announced its first quarter results. The company's Q1 net profit was up 84.06% at Rs 100 crore versus Rs 54.3 crore. Its NII was up 44.88% at Rs 163.7

  • Instanex FII Index down 1.90%

    22nd July, 2009 15:01

    At 3 pm, Instanex FII Index was the worst performer, down 1.90% at 318.43 (-1.34% at 2 pm) indicating that FIIs were selling aggresively in the market. Nifty was d

  • REC to issue 17 cr new shares in QIP or public offer 

    22nd July, 2009 14:59

    H.D.Khunteta, Director Finance, Rural Electrification Corporation (REC) said in an interview to CNBC-TV18 that the company would issue 17 crore new shares in a pub

  • Mkts slide further; RIL, Bharti, SAIL, BHEL, TCS, L&T drag

    22nd July, 2009 14:56

    At 14:53 hours IST, selling in financial, technology, capital goods, telecom, select power and oil & gas stocks was putting pressure on the benchmark indices. The

  • Mkts in uptrend, 4700 next target: Ashwani Gujral 

    22nd July, 2009 14:51

    Ashwini Gujral, Technical Analyst says 4550-4560 is a key level. If we go beyond that 4700 is a major medium term level but clearly what seems to have happened af

  • Deccan Chronicle adds 7 lakh shares in OI, up 14% 

    22nd July, 2009 14:44

    Deccan Chronicle has seen build up of 7 lakh shares in OI and the stock was up 14%. Sterlite Industries was up 1.9%. It has added 17 lakh shares in OI with turnove

  • Instanex FII Index down 1.34%

    22nd July, 2009 14:38

    FIIs seem to be leading markets lower while speculators seem to be buying. At 2 pm, the Instanex FII Index was down 1.34% at 320.25 (-0.79% at 1 pm) and the Instan

  • Dharani Sugar Q1 net profit up at Rs 9.78 cr

    22nd July, 2009 14:35

    Dharani Sugar has announced its Q1FY10 numbers. Its net profit went up at Rs 9.78 crore versus Rs 2.52 crore, YoY.

  • Saw flat margins due to high cost of coal: Dalmia Cement 

    22nd July, 2009 14:35

    Puneet Dalmia, MD, Dalmia Cement, speaking on the the company's quarterly results, said the company saw good volume growth but margins remained flat because of hig

  • Expect Q2 IT revenues at $ 1035-1053 mn: Wipro

    22nd July, 2009 14:25

    Wipro has announced its Q1FY10 numbers. Its consolidated net profit went up 11.78% at Rs 1015 crore as against Rs 908 crore, QoQ.

  • Canara Bank has target of Rs 320-325: S Sharma 

    22nd July, 2009 14:22

    Salil Sharma of Kapur Sharma & Co is of the view that Canara Bank has target of Rs 320-325.

  • Visa Steel Q1 net profit up at Rs 10 cr

    22nd July, 2009 14:15

    Visa Steel has declared its Q1FY10 numbers. Its net profit increased to Rs 10 crore versus Rs 4.8 crore, YoY.

  • Hindustan Zinc Q1 net profit at Rs 648 cr

    22nd July, 2009 14:13

    Hindustan Zinc has announced its Q1FY10 numbers. Its net profit declined 23% to Rs 648 crore from Rs 847.8 crore, YoY.

  • Hold Yes Bank, says VK Sharma 

    22nd July, 2009 14:05

    VK Sharma of Anagram Stock Broking is of the view that one can hold Yes Bank. They have provided for more bad debts as compared to one crore in the last quarter; t

  • See upside in smaller midcap cement companies: VK Sharma 

    22nd July, 2009 14:00

    VK Sharma of Anagram Stock Broking feels that the smaller midcap companies in cement sector have a lot more room to go.

  • IDFC tumbles 5.5%

    22nd July, 2009 13:54

    IDFC touched an intraday high of Rs 142.90 and an intraday low of Rs 130.35. At 1:51 pm, the share was quoting at Rs 132.35, down Rs 7.8, or 5.57%. It was trading

  • Nifty tests 4400; IT, capital goods, power, telecom tumble

    22nd July, 2009 13:44

    At 13.35 hrs IST, the markets slipped into red after seeing some choppy trade. Selling pressure was seen in IT, capital goods, power, auto, pharma, FMCG, banking a

  • BHEL loses further ground

    22nd July, 2009 13:43

    BHEL touched an intraday high of Rs 2,247.50 and an intraday low of Rs 2,126.30. At 1:40 pm, the share was quoting at Rs 2,135.00, down Rs 79.9, or 3.61%. It was t

  • SAIL trips on selling pressure

    22nd July, 2009 13:41

    SAIL touched an intraday high of Rs 173.65 and an intraday low of Rs 164.20. At 1:37 pm, the share was quoting at Rs 165.30, down Rs 6.6, or 3.84%. It was trading

  • Funds continue to go for RIL, SBI, ICICI Bk, Bharti

    22nd July, 2009 13:22

    RIL, SBI, ICICI Bk, Bharti Airtel and ONGC continued to be the top held stocks by MFs in June, 2009. Infosys, HDFC, Tata Power and Jindal Steel moved higher on the

  • Grasim Industries takes a dip

    22nd July, 2009 13:18

    Grasim Industries touched an intraday high of Rs 2,824.90 and an intraday low of Rs 2,679. At 1:14 pm, the share was quoting at Rs 2,702, down Rs 88.25, or 3.16%.

  • European markets trading lower; CAC, DAX down

    22nd July, 2009 13:04

    At 1: 02 pm (IST), European markets were trading lower. CAC 40 was down 0.54% or 17.92 points at 3,284.97. DAX slipped 0.27% or 13.55 points at 5,080.42. FTSE 100

  • Sunteck Realty touches 52-week high

    22nd July, 2009 13:00

    Sunteck Realty touched a 52-week high of Rs 2,344.85. At 12:54 pm, the share was quoting at Rs 2,344.85, up Rs 390.80, or 20%. There were pending buy orders of 2,0

  • Canara Bank Q1 net profit up 352.39% at Rs 555.3 cr

    22nd July, 2009 12:53

    Canara Bank has announced its first quarter results. The bank's net interest income (NII) was up 26.72% at Rs 1,291.5 crore versus Rs 1,019.2 crore on YoY basis. I

  • Mkts erase early gains, turn choppy; RIL, BHEL, Bharti dip

    22nd July, 2009 12:47

    At 12:42 hours IST, the markets gave up their early gains and turned choppy. Capital Goods, technology, FMCG and select oil & gas stocks were under pressure. Howev

  • Indiabulls Financial surges 4.6%

    22nd July, 2009 12:43

    Indiabulls Financial Services touched an intraday high of Rs 198.50 and an intraday low of Rs 184.25. At 12:40 pm, the share was quoting at Rs 192.50, up Rs 8.60,

  • Crisil downgrades IDFC; management disagrees with rating 

    22nd July, 2009 12:38

    In an interview with CNBC-TV18 Rajiv Lall CEO and MD IDFC said that the company had enough of internal accruals enough to sustain growth plans. He added that he sa

  • India Cements declares results, stock down

    22nd July, 2009 12:29

    India Cements touched an intraday high of Rs 154.40 and an intraday low of Rs 144.10. At 12:26 pm, the share was quoting at Rs 144.70, down Rs 6.65, or 4.39%. Indi

  • Suzlon Energy back on track

    22nd July, 2009 12:20

    Suzlon Energy touched an intraday high of Rs 96.75 and an intraday low of Rs 91.50. At 12:17 pm, the share was quoting at Rs 94.50, up Rs 3.55, or 3.90%. It was tr

  • DLF among major gainers

    22nd July, 2009 12:13

    At 12:11 pm, DLF was among the major gainers on the Nifty. It has touched an intraday high of Rs 367.80 and an intraday low of Rs 345. The share was quoting at Rs

  • ONGC shoots up smartly

    22nd July, 2009 12:07

    ONGC touched an intraday high of Rs 1,110.10 and an intraday low of Rs 1,044. At 12:04 pm, the share was quoting at Rs 1,094.70, up Rs 49.90, or 4.78%. It was trad

  • Sterlite Ind leads gainers on the Sensex

    22nd July, 2009 12:01

    At 11:57 am, Sterlite Industries (India) was top gainer on the Sensex. It touched an intraday high of Rs 632.40 and an intraday low of Rs 595.90. The share was quo

  • TCS has resistance at Rs 515: Anu Jain 

    22nd July, 2009 11:57

    Anu Jain of India Infoline is of the view that Tata Consultancy Services, TCS has resistance at Rs 515.

  • India Cements Q1 net profit up at Rs 144 cr

    22nd July, 2009 11:52

    India Cements has come out with Q1FY10 numbers. Its revenues were up 9% at Rs 953.48 crore versus Rs 865.62 crore. Net profit rose 2% to Rs 144.28 crore from Rs 14

  • Spice Comm Q1 net loss at Rs 34.9 cr

    22nd July, 2009 11:49

    Spice Communication has posted Q1FY10 numbers. It has reported net loss of Rs 34.9 crore versus loss of Rs 20.67 crore, QoQ.

  • Buy Mphasis, Tech Mahindra on dip: Anu Jain 

    22nd July, 2009 11:42

    Anu Jain of India Infoline is of the view that one can buy Mphasis and Tech Mahindra on decline. Mphasis is probably going to go up and a stoploss should be at abo

  • Jindal Steel & Power can add 6-7%: Anu Jain 

    22nd July, 2009 11:37

    Anu Jain of India Infoline is of the view that Jindal Steel & Power is looking poised for about Rs 3000 odd levels. If you are holding it as a trading position the

  • SBI MF deploys Nuance Powered Technology

    22nd July, 2009 11:30

    SBI Mutual Fund Deploys Nuance Powered Technology to Enhance Customer Experience

  • Punj Lloyd continues to gain

    22nd July, 2009 11:25

    Punj Lloyd touched an intraday high of Rs 244.40 and an intraday low of Rs 232.50. At 11:22 am, the share was quoting at Rs 243, up Rs 11.85, or 5.13%. It was trad

  • Hold JSW Steel, target of Rs 690: KRChoksey

    22nd July, 2009 11:23

    KRChoksey has recommended a hold rating on JSW Steel with a target price of Rs 690. JSW Steel has reported sales of Rs 3,917 crores in Q1 FY10 on standalone basis,

  • Solar Eclipse is boom for crude oil: Ajay Jain

    22nd July, 2009 11:19

    As per Lt Col Ajay Jain, CEO, www.astromoneyguru.com, on Wednesday, 2009 July 22, a total eclipse of the Sun is visible from within a narrow corridor that traverse

  • See more downside in banking space: Sandeep J Shah 

    22nd July, 2009 11:18

    Sandeep J Shah of Sampriti Capital is of the view that even if there is short term upside in the banking space, there is more significant downside in the medium te

  • IDFC acquires remaining 20% in SSKI

    22nd July, 2009 11:12

    Infrastructure Development Finance Company, IDFC has declared its Q1FY10 numbers. Its consolidated net profit went up at Rs 272 crore from Rs 217 crore, YoY.

  • Kotak MF launches Kotak Select Focus Fund

    22nd July, 2009 11:00

    Kotak Mahindra Mutual Fund launches Kotak Select Focus Fund, an open - ended equity scheme that aims to maximize long-term capital appreciation by investing in equ

  • Mkts to move up further in short term: Ambit Cap 

    22nd July, 2009 10:50

    Ambit Capital may further move in short-term on liquidity. expects a Sharp Pullback at the later stage. It will favor defensives over high beta and consumer staple

  • Nifty holds 4500; ONGC, DLF, Sterlite, ICICI Bank, L&T lead

    22nd July, 2009 10:49

    At 10:41 hours IST, the benchmark indices bounced back. Buying in metal, financial, realty, cement, select infrastructure and technology stocks was helping the Nif

  • ABC Bearings Q1 net profit down at Rs 2.42 cr

    22nd July, 2009 10:39

    ABC Bearings has announced its first quarter results. Its revenue declined to Rs 30.37 crore versus Rs 45.41 crore. Its net profit was at Rs 2.42 crore versus Rs 4

  • Buy IT stocks on correction: Sandeep J Shah 

    22nd July, 2009 10:30

    Sandeep J Shah of Sampriti Capital is of the view that one can buy IT stocks on correction rather than chasing stocks.

  • Forbes India: Accidents erode 2.7% of GDP each year

    22nd July, 2009 10:23

    Policy makers should be worried, for accidental deaths cost the country at least 2.7 percent of its GDP.

  • Mangalam Timber PAT at Rs 20 lakh

    22nd July, 2009 10:15

    Mangalam Timber Products has announced its June quarter results. Its revenues were flat at Rs 17.3 crore versus Rs 17.4 crore.

  • Himadri Chem Q1 net profit up at Rs 22.68 cr

    22nd July, 2009 10:12

    Himadri Chemicals and Industries has declared its first quarter results. Its total income was at Rs 84.8 crore versus Rs 91.5 crore. Its net profit was at Rs 22.68

  • Thermax plunges 6.3%

    22nd July, 2009 10:09

    Thermax touched an intraday high of Rs 440 and an intraday low of Rs 419.25. At 10:06 am, the share was quoting at Rs 425, down Rs 28.95, or 6.38%. It was trading

  • JB Chemicals Q1 net profit at Rs 13.12 cr

    22nd July, 2009 10:07

    JB Chemicals and Pharmaceuticals has declared its first quarter results. The company's total income was at Rs 138.7 crore versus Rs 141.3 crore. Its net profit was

  • Instanex FII Index up 0.55%

    22nd July, 2009 10:05

    At 10 am, the Instanex FII Index was up 0.55% at 326.39 and the Instanex DII 15 portfolio was up 0.53%. Nifty was up 0.57% and Sensex was up 0.56%.

  • Improved earnings driving market rally: ABN AMRO 

    22nd July, 2009 10:02

    Daphne Roth, head equity research of ABN AMRO private banking says company's are positive on the forward looking statement which leads them to focus on forward ear

  • Binani Cement Q1 net profit up at Rs 107 cr

    22nd July, 2009 10:02

    Binani Cement has announced its first quarter results. Its net sales were at Rs 524 crore versus Rs 326 crore. Its net profit was at Rs 107 crore versus Rs 53.3 cr

  • Mkts positive in early trade; financials, realty gain

    22nd July, 2009 09:59

    The markets opened higher following positive global cues and on the back of buying in infrastructure and financial stocks. At 9:56 am, the Nifty rose 24 points, to

  • Dalmia Cement Q1 net profit at Rs 58.6 cr

    22nd July, 2009 09:52

    Dalmia Cement (Bharat) has declared its first quarter results. Its net sales were at Rs 557.6 crore versus Rs 414.6 crore.

  • Ganeshaspeaks: Market prediction for July 22

    22nd July, 2009 09:49

    From the opening to 11:55, Nifty may witness heavy fluctuations. It may follow a sudden upward burst, then a downward trend, followed by an upward trend. No major

  • Nifty likely to witness range of 4525-4410: Bhambwani

    22nd July, 2009 09:45

    The coming session is likely to witness a range of 4525 on advances above which the 4580 maybe tested. Support is likely at 4410 on declines, below which the 4385

  • US markets end on a positive note 

    22nd July, 2009 09:42

    Stocks ending on a positive note on Wall Street today, the Dow gained 67 points, the S&P 500 picked up three and the Nasdaq added six points.

  • Adani Power fixes IPO price band at Rs 90-100/sh

    22nd July, 2009 09:38

    Adani Power, a flagship company of Adani Group, has fixed IPO (initial public offering) price band at Rs 90-100/share. The minimum IPO bid slot set at 65 shares.

  • Sell at current levels; upside limited: Sampriti Cap 

    22nd July, 2009 09:37

    The market remains in a range of 3,800–3,900 on the downside and 4,800–5,000 on the upside, Sandeep Shah of Sampriti Cap said. "At current levels, our advice is: r

  • Tata Steel, MRPL, JSPL see fresh long positions 

    22nd July, 2009 09:29

    Fresh long positions were seen in Tata Steel, MRPL and Jindal Steel & Power (JSPL); their cost of carry (CoC) was also up. Tata Steel surged 5.4% and its futures O

  • Tech Mahindra Q1 PAT seen down 15.7% at Rs 194.3 cr

    22nd July, 2009 09:26

    Tech Mahindra is to announce its first quarter results. Its revenues are expected to go down by 2.3% to Rs 1027.4 crore versus Rs 1051.3 crore on QoQ basis. Its ne

  • CAG questions Delhi metro's corporate governance 

    22nd July, 2009 09:23

    Vivan Fernandes reports that the comptroller and auditor general have now picked holes in its corporate government structure and legislative accountability. The ac

  • Adani Power to import coal for Mundra plant

    22nd July, 2009 09:09

    More than 50 per cent of the coal requirement for Adani Power’s 4,620-MW Mundra plant will have to be imported from Indonesia, though the company has tied up for d

  • Some largecap results surprised positively: BNP Paribas

    22nd July, 2009 09:04

    The market is driven purely by liquidity. We may not see 10-15% earnings decline expected earlier as some largecap results have surprised positively, Manishi Raych

  • Rupee opens at Rs 48.43 per dollar

    22nd July, 2009 09:00

    The Indian rupee opened at Rs 48.43 per dollar versus Rs 48.42 yesterday.

  • Customers now drive to public sector banks

    22nd July, 2009 08:51

    Mr Sanjay Mukherjee, a government employee based in Kolkata, got his four-wheeler loan sanctioned in a couple of hours by United Bank of India and that too at a mo

  • Fund Action witnessed in Emami, JBM Auto, Maytas Infra

    22nd July, 2009 08:47

    Fund Action witnessed in Emami, JBM Auto, Maytas Infra, Amtek Auto and Arih Found.

  • Pepper futures dip on limited activity

    22nd July, 2009 08:43

    The pepper futures market on Tuesday declined marginally for want of support and on bearish sentiments.

  • Support for Sensex at 15000: Gaba

    22nd July, 2009 08:38

    The support for the Sensex is 15000 and the resistance to the up move is at 15300-15600-16046. The support for the Nifty is at 4400 and the resistance to the up mo

  • Stocks in news: Dr Reddy, Infosys, Tata Power, NTPC, NMDC

    22nd July, 2009 08:25

    Dr Reddy's Labs, Bharti, Infosys, Tata Power, NTPC, Glenmark, NMDC, Deccan Chronicle, Adani Enterprises, Tata Steel, Tata Motors, ITC, SAIL, Reliance Infrastructur

  • Nifty has support at 4400-4436: Gujral

    22nd July, 2009 08:17

    The market may have flat to positive opening today. Nifty has supports at 4400-4436and resistances are at 4525-4580.Traders should wait for dips to go long.

  • Wall Street ends with moderate gain; Dow up 68 pts

    22nd July, 2009 08:12

    The US markets ended with modest gains after a late rally. The market had a more muted response to corporate earnings. The Dow gained 67.79 points, or 0.8%, to 8,

  • US mkts gain post Bernanke's comment and strong results

    22nd July, 2009 08:02

    The US markets gained post Bernanke's comment and strong results. The Dow Jones Industrial Average gained 68 points or 0.78% to 8,916.

  • Sundaram Clayton Q1 net loss at Rs 2 cr

    22nd July, 2009 07:16

    Sundaram Clayton has declared its Q1FY10 numbers. It has reported net loss of Rs 2 crore as against profit of Rs 6 crore, YoY

  • Shree Digvijay Cement Q1 net shoots up at Rs 25.5 cr

    22nd July, 2009 07:07

    Shree Digvijay Cement has declared good set of numbers for the Q1FY10. Its net profit surged to Rs 25.5 crore versus Rs 1.14 crore, YoY.

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