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Moneycontrol News Archive : 23 July, 2009

  • FMCG cos unable to cope with performance checks: Nielsen 

    23rd July, 2009 21:48

    CNBC-TV18 reports, market research firm Nielsen has hit back at fast moving consumer goods (FMCG) companies that accused its data of inaccuracy a while ago. It say

  • Banks see lower provisions, higher NPAs in Q1 FY10 

    23rd July, 2009 21:36

    Of the two bank results that came today, Indian Bank's results were superior with a 52% growth in profit to Rs 331 crore and a 37% rise in net interest income, rep

  • Expect near normal rainfall in August: MET 

    23rd July, 2009 21:08

    There is a 21% deficit in rainfall till date said Ajit Tyagi, Director General, IMD. "However, the condition is better than June." Tyagi expects near normal rains

  • Dollar index at seven week lows 

    23rd July, 2009 20:30

    The base metal sector saw an excellent performance for whole of this week, but today seemed to be a day of consolidation. Copper saw a percentage point of a declin

  • Bharti Q1 net sales up 1.7% to Rs 10,429.9 cr 

    23rd July, 2009 20:22

    Bharti Airtel has announced its Q1FY10 numbers. Its net profit went up 29.3% at Rs 2,647.9 crore from Rs 2,047.7 crore, QoQ.

  • Mkt ends 388 points higher after two days of losses 

    23rd July, 2009 20:02

    The markets made a spectacular comeback after two days of trading in the red. The Nifty zoomed past the 4,500 mark yet again and closed 125 points higher. The Sens

  • See over capacity, rise in competition ahead: Idea Cellular 

    23rd July, 2009 20:01

    Sanjeev Aga, MD, Idea Cellular said the company sees over capacity and hyper competition in the telecom sector. He said, the company’s profit was helped by lower l

  • US markets open flat

    23rd July, 2009 19:41

    At 19.06 hrs (IST)- The US markets opened flat. The Dow Jones Industrial Average was up 10.65 points, or 0.12%, to 8,891.91. The Nasdaq was up 2.75 points, or 0.14

  • HDFC Mutual Fund revises load structure

    23rd July, 2009 18:28

    HDFC Mutual Fund has announced the change in load structure, wherever applicable for all the schemes of HDFC Mutual Fund, w.e.f. from 1 August 2009.

  • Upside momentum in mkts to continue: HSBC Pvt Banking 

    23rd July, 2009 18:13

    Ajay Loganadan, Head -Investment Advisory Group, HSBC Private Banking, feels the momentum seems to be on the upside. "Earnings seem to be driving the market higher

  • Air India staff to get basic on July 31, incentives delayed 

    23rd July, 2009 18:08

    The Air India management has issued a circular to employees saying that while their basic salaries for the month of July will be paid on July 31, the productivity-

  • Ambuja Cem Q2 net profit at Rs 324 cr

    23rd July, 2009 17:58

    Ambuja Cements has announced its second quarter results. The company’s Q2 standalone were net sales were up 18% at Rs 1,847.4 crore versus Rs 1,569.7 crore.

  • Dip in raw material prices boosted topline: Apollo Tyres 

    23rd July, 2009 17:50

    Neeraj Kanwar, Vice-Chairman and Managing Director, Apollo Tyres, said the margins were at an all-time high of 16.5% at Rs 195 crore. He attributed this success to

  • Rupee, bonds end higher

    23rd July, 2009 17:43

    The Indian rupee ended off highs as banks bought dollars for oil companies and other importers. But, banks sold dollars noting that shares ended up around 3%. The

  • Idea Cellular Q1 cons PAT up at Rs 297.1 cr

    23rd July, 2009 17:25

    Idea Cellular has announced its first quarter results. The company's Q1 consolidated net sales were up at Rs 2,974.8 crore versus Rs 2,923.9 crore, QoQ.

  • Buy Unitech, says Mitesh Thacker

    23rd July, 2009 17:15

    Technical Analyst, Mitesh Thacker of Miteshthacker.com is of the view that one should buy Unitech shares some now and rest of the quantity above Rs 90.

  • ONGC Q1 PAT down at Rs 4847.9 cr

    23rd July, 2009 17:04

    Oil and Natural Gas Corporation, ONGC has announced its first quarter results. The company's Q1 standalone net sales were down at Rs 14,879.3 crore versus Rs 20,05

  • Aban Offshore can cross 4-digit mark: Tulsian 

    23rd July, 2009 16:58

    Investment Advisor SP Tulsian is of the view that Aban Offshore can easily cross the four-digit mark and can settle it about Rs 1100-1200.

  • ACC could test Rs 910-920: M Thacker 

    23rd July, 2009 16:39

    Technical Analyst, Mitesh Thacker of Miteshthacker.com is of the view that ACC could test Rs 910-920 over the next few days.

  • India’s Skindia GDR Index up 0.71%

    23rd July, 2009 16:29

    The main gainers are ITC (+4.45%; weight 0.86%), L&T (+3.47%; weight 2.80%), Ranbaxy (+3.45%; weight 0.41%) and Reliance (+2.44%; weight 15.37%).

  • Jindal Steel can go upto Rs 3200: Thacker 

    23rd July, 2009 16:22

    Technical Analyst, Mitesh Thacker of Miteshthacker.com is of the view that Jindal Steel & Power can go upto Rs 3200.

  • Exit Satyam at Rs 120-122: Mitesh Thacker 

    23rd July, 2009 16:15

    Technical Analyst, Mitesh Thacker of Miteshthacker.com is of the view that one should exit Satyam Computer Services at Rs 120-122.

  • Union Bank's NIM to reach 3% by March 2010 

    23rd July, 2009 16:05

    Commenting on the results, MV Nair, CMD, Union Bank said, the bank’s net interest margin (NIM) would reach to about 3% by March 2010. He futher said, the bank’s de

  • Cost of funds at 5.3% vs 5.42%: Indian Bank 

    23rd July, 2009 15:56

    Addressing a press conference, Indian Mmanagement said that the cost of funds is at 5.3% versus 5.42% and that its net interest margin (NIM) is at 3.56% as against

  • Nifty ends above 4500 led by metals, realty, FMCG, auto

    23rd July, 2009 15:41

    It was a spectacular recovery for the markets after two consecutive days of fall. Strong earnings from largecaps like Maruti Suzuki, ITC and ACC cheered the Street

  • Hold Yes Bank, target of Rs 165: ULJK Securities

    23rd July, 2009 15:33

    ULJK Securities has recommended a hold rating on Yes Bank with a target price of Rs 165. Yes Bank has reported a better than expected performance for the Q1FY10. T

  • Madras Cement Q1 net profit at Rs 138.4 cr

    23rd July, 2009 15:29

    Madras Cement has declared its Q1FY10 numbers. Its net profit increased to Rs 138.4 crore versus Rs 114 crore, YoY.

  • Accumulate Wipro, target of Rs 487: Angel

    23rd July, 2009 15:25

    Angel Broking has upgraded its rating on Wipro to accumulate with a target price of Rs 487. For 1QFY2010, Wipro recorded a 1.7% qoq decline in top-line. Combined I

  • Century Enka Q1 net profit up at Rs 28.8 cr

    23rd July, 2009 15:20

    Century Enka has come out with its Q1FY10 numbers. Its net profit jumped up to Rs 28.8 crore from Rs 4.8 crore, YoY.

  • Nagarjuna Fertilisers Q1 net up 228.15% at Rs 23.1 cr

    23rd July, 2009 15:18

    Nagarjuna Fertilisers has announced its Q1FY10 numbers. Its net profit increased 228.15% to Rs 23.1 crore from Rs 7.04 crore, YoY.

  • Uttam Galva Q1 net profit at Rs 34.6 cr

    23rd July, 2009 15:15

    Uttam Galva has declared its Q1FY10 numbers. Its net profit stood at Rs 34.6 crore and net sales at Rs 1,073 crore.

  • HOEC Q1 standalone net profit at Rs 12.5 cr

    23rd July, 2009 15:04

    HOEC (Hindustan Oil Exploration Company) has come out with its Q1FY10 numbers. Its standalone net profit stood at Rs 12.5 crore and net sales at Rs 15 crore.

  • Texmaco Q1 net profit down at Rs 20.8 cr

    23rd July, 2009 15:02

    Texmaco has announced its Q1FY10 numbers. Its net profit declined to Rs 20.8 crore versus Rs 22.8 crore, YoY.

  • Macmillan India Q2 net profit down at Rs 1.14 cr

    23rd July, 2009 15:00

    Macmillan India has come out with Q2CY09 numbers. Its net profit declined to Rs 1.14 crore from Rs 6.9 crore, YoY.

  • NELCO Q1 net profit at Rs 85 lakh

    23rd July, 2009 14:58

    NELCO has announced its Q1FY10 numbers. It has reported net profit of Rs 85 lakh as against loss of Rs 5 crore.

  • Zee News puts on a good show

    23rd July, 2009 14:54

    Zee News touched an intraday high of Rs 42.60 and an intraday low of Rs 41. At 2:51 pm, the share was quoting at Rs 42.50, up Rs 1.95, or 4.81%.

  • ITC sales up 4.69% to Rs 4,082.7 cr 

    23rd July, 2009 14:49

    ITC has announced its Q1FY10 numbers. Its net profit jumped up 17.36% to Rs 878.7 crore from Rs 748.7 crore, YoY.

  • Thermax has target of Rs 314: Ajay Parmar 

    23rd July, 2009 14:42

    Ajay Parmar, Head of Institutional Research at Emkay Global Financial Services is of the view that Thermax has target of Rs 314.

  • Aban Offshore advances 7%

    23rd July, 2009 14:40

    Aban Offshore touched an intraday high of Rs 960 and an intraday low of Rs 905. At 2:35 pm, the share was quoting at Rs 955.90, up Rs 63.20, or 7.08%. It was tradi

  • Glenmark Pharma recoups losses

    23rd July, 2009 14:35

    Glenmark Pharma touched an intraday high of Rs 270.80 and an intraday low of Rs 251.85. At 2:32 pm, the share was quoting at Rs 268.65, up Rs 17.95, or 7.16%. It w

  • DLF maintains its march ahead

    23rd July, 2009 14:32

    DLF touched an intraday high of Rs 363 and an intraday low of Rs 349.90. At 2:29 pm, the share was quoting at Rs 363, up Rs 16.80, or 4.85%. It was trading with vo

  • Tax writeback boosted Bharti's operational nos: UBS Sec

    23rd July, 2009 14:29

    Speaking on Bharti Airtel's numbers, Suresh Mahadevan, Head-Research at UBS Securities, said the numbers are inline with their expectations, though marginally ahea

  • Tata Steel adds 24 lakh shares in OI

    23rd July, 2009 14:23

    Nifty future added 38 lakh shares in open interest. Tata Steel was up 3% and saw good addition of nearly 24 lakh shares in open interest. ITC was up nearly 5% and

  • Marico Q1 net profit up 20.9% to Rs 55.97 cr

    23rd July, 2009 13:53

    Marico has announced its Q1FY10 numbers. It showed strong performance and numbers were along expected lines. Net profit increased 20.9% to Rs 55.97 crore from Rs 4

  • ACC announces results, stock up

    23rd July, 2009 13:49

    ACC touched an intraday high of Rs 836.70 and an intraday low of Rs 811.55. At 1:42 pm, the share was quoting at Rs 831, up Rs 23.20, or 2.87%. It has announced it

  • Upside capped in Tech Mahindra: P Phani Sekhar 

    23rd July, 2009 13:44

    P Phani Sekhar of Angel Broking is of the view that the upside in Tech Mahindra is capped but in the medium term once the Satyam numbers come out expects a good am

  • RIL Q1 net profit seen down 3.1% at Rs 3981.7 cr

    23rd July, 2009 13:41

    Reliance Industries is set to announce its Q1FY10 numbers. Its net profit is expected to go down 3.1% at Rs 3,981.7 crore from Rs 4110 crore, YoY.

  • Indian Bank minting money

    23rd July, 2009 13:39

    Indian Bank touched an intraday high of Rs 146.95 and an intraday low of Rs 134. At 1:30 pm, the share was quoting at Rs 145.15, up Rs 8.65, or 6.34%. It was tradi

  • Instanex FII Index up 0.75%

    23rd July, 2009 13:38

    Domestic institutional investors seem to be buying and FIIs seem to be selling. The Instanex DII 15 portfolio was up 1.39% (+1.67% at 12 noon) and the Instanex FII

  • Hexaware Tech strikes 52-week high

    23rd July, 2009 13:37

    Hexaware Technologies touched a 52-week high of Rs 57.15. At 1:30 pm, the share was quoting at Rs 56.20, up Rs 4.35, or 8.39%. It was trading with volumes of 633,7

  • Good time for fund managers to buy stocks: UK Sinha 

    23rd July, 2009 13:32

    UK Sinha, CMD of UTI, AMC does not see a fall in equity market. Talking about the monsoons, he finds no reason to worry about it. He further added private equity f

  • ACC Q2 net profit at Rs 471 cr

    23rd July, 2009 13:25

    ACC has announced its Q2CY09 numbers. Its net profit increased 73.54% at Rs 471 crore versus Rs 271.4 crore, YoY.

  • ABG Shipyard up on buying interest

    23rd July, 2009 13:17

    ABG Shipyard touched an intraday high of Rs 200.90 and an intraday low of Rs 183.50. At 1:13 pm, the share was quoting at Rs 198.90, up Rs 17.40, or 9.59%. It was

  • HDIL gains further ground

    23rd July, 2009 13:08

    HDIL touched an intraday high of Rs 252.65 and an intraday low of Rs 241.80. At 1:05 pm, the share was quoting at Rs 252.40, up Rs 13.50, or 5.65%. It was trading

  • Hold Wipro, target of Rs 476: Sharekhan

    23rd July, 2009 12:57

    Sharekhan has recommended a hold rating on Wipro with a target price of Rs 476. Wipro Technologies (Wipro)’s Q1FY2010 results (under the US GAAP) were well above e

  • Hold BHEL, target of Rs 2225: Sharekhan

    23rd July, 2009 12:53

    Sharekhan has maintained its hold rating on Bharat Heavy Electricals (BHEL) with a target price of Rs 2225. For Q1FY2010, Bharat Heavy Electricals Ltd (BHEL) has r

  • Hold HDFC, target of Rs 2517: Sharekhan

    23rd July, 2009 12:46

    Sharekhan has maintained its hold rating on Housing Development Finance Corporation (HDFC) with a target price of Rs 2517. HDFC has reported a bottom line of Rs 56

  • Index of six core industries up 6.5% at 251.6 in Jun (prov)

    23rd July, 2009 12:43

    The Index of Six core industries having a combined weight of 26.7 per cent in the Index of Industrial Production (IIP) with base 1993-94 stood at 251.6 (provisiona

  • Sell Bank Of Baroda, target of Rs 330: Karvy

    23rd July, 2009 12:40

    Karvy Stock Broking has maintained its sell rating on Bank Of Baroda (BoB) with a target price of Rs 330. The research firm expects BOB to report strong Q1FY2010 n

  • Union Bank of India declines sharply

    23rd July, 2009 12:38

    Union Bank of India touched an intraday high of Rs 262.65 and an intraday low of Rs 240.15. At 12:34 pm, the share was quoting at Rs 243.70, down Rs 15.2, or 5.87%

  • UBS Securities overweight on cement space 

    23rd July, 2009 12:33

    Suresh Mahadevan, Head-Research at UBS Securities is overweight on cement space.

  • Maruti Suzuki Q1 net profit up 25.27% at Rs 583.5 cr

    23rd July, 2009 12:31

    Maruti Suzuki has announced its Q1FY10 numbers. Its net profit increased 25.27% to Rs 583.5 crore versus Rs 465.8 crore, YoY.

  • Rico Auto maintains its march ahead

    23rd July, 2009 12:28

    Rico Auto touched an intraday high of Rs 19.50 and an intraday low of Rs 18. At 12:25 pm, the share was quoting at Rs 19.25, up Rs 1.30, or 7.24%. It was trading w

  • Buy Infosys, target of Rs 2350: Hem

    23rd July, 2009 12:24

    Hem Securities has recommended a buy rating on Infosys Technologies with a target price of Rs 2350. Infosys Technologies Ltd has posted great figures for Q1FY10. T

  • Orbit Corporation frozen at 5% upper circuit

    23rd July, 2009 12:23

    At 12:20 pm, Orbit Corporation was frozen at 5% upper circuit. It touched an intraday high of Rs 165.70 and an intraday low of Rs 160. The share was quoting at Rs

  • Axicorp to contribute to PAT in 18-24 months: Biocon

    23rd July, 2009 12:17

    Biocon has declared its first quarter results. The company's consolidated net sales were up 86% at Rs 496 crore versus Rs 263.9 crore.

  • KEC Intl surges on bagging Rs 471 cr order

    23rd July, 2009 12:14

    KEC International touched an intraday high of Rs 444.75 and an intraday low of Rs 420.20. At 12:09 pm, the share was quoting at Rs 444, up Rs 19.65, or 4.63%. The

  • CMC advances sharply

    23rd July, 2009 12:04

    CMC touched an intraday high of Rs 841and an intraday low of Rs 805.20. At 12 pm, the share was quoting at Rs 824, up Rs 44.75, or 5.74%. It was trading with volum

  • Union Bank Q1 net profit up at Rs 442 cr

    23rd July, 2009 11:59

    Union Bank of India has declared its Q1FY09 numbers. Its net profit increased to Rs 442 crore from Rs 228 crore, YoY.

  • Target Rs 1200-1300 crore topline in FY10: Jindal Drilling 

    23rd July, 2009 11:56

    Anil Jain has said that Jindal drilling is targeting at 1200-1300 crore topline. 2 rigs commenced operations with ONGC in Jan has bought the count from 3 rigs to 5

  • Deepak Fertiliser Q1 net profit at Rs 39 cr

    23rd July, 2009 11:52

    Deepak Fertiliser has announced its Q1FY10 numbers. Its net profit declined to Rs 39 crore versus Rs 45 crore, YoY.

  • Kale Consultants locked at 5% upper circuit

    23rd July, 2009 11:45

    Kale Consultants was locked at 5% upper circuit. It touched an intraday high of Rs 44.55 and an intraday low of Rs 44.55. At 11:28 am, the share was quoting at Rs

  • Opto Circuits back on track

    23rd July, 2009 11:35

    Opto Circuits touched an intraday high of Rs 165.80 and an intraday low of Rs 157. At 11:32 am, the share was quoting at Rs 164, up Rs 9.30, or 6.01%. It was tradi

  • See Adani Power's fair value close to Rs 100: Sharekhan

    23rd July, 2009 11:22

    Sharekhan has come out with its research report on Adani Power's initial public offering (IPO). According to the research firm, the NPV (Net Present Value) works o

  • Siemens bags orders worth Rs 109 cr; stk up

    23rd July, 2009 11:10

    Siemens touched an intraday high of Rs 480 and an intraday low of Rs 465. At 11:07 am, the share was quoting at Rs 476.25, up Rs 13.80, or 2.98%. The company has b

  • Mkts extend rally; all sectoral indices in green

    23rd July, 2009 11:01

    At 10:58 hours IST, the benchmark indices moved up further on the back of upside in rate sensitive, infrastructure, metal, FMCG and technology stocks. The broader

  • Indiabulls Securities continues to rise

    23rd July, 2009 11:00

    Indiabulls Securities has continued to rise. It touched an intraday high of Rs 44.40 and an intraday low of Rs 43. At 11:03 am, the share was quoting at Rs 43.50,

  • Satyam Computer has resistance at Rs 115: Gujral 

    23rd July, 2009 10:54

    Technical Analyst, Ashwani Gujral is of the view that Satyam Computer has resistance at Rs 115.

  • Instanex FII Index up 1.47%

    23rd July, 2009 10:44

    FIIs and domestic institutional investors seem to have begun the trading day with buy orders. At 10 am, the Instanex FII Index was up 1.47% at 323.88 and the Insta

  • Punj Lloyd may raise up to Rs 1500cr: Sources

    23rd July, 2009 10:42

    Punj Lloyd is set to raise up to Rs 1,500 crore, reports CNBC-TV18 quoting sources. CNBC-TV18’s Nayantara Rai reports.

  • Bharti Airtel can test Rs 870: Gujral 

    23rd July, 2009 10:36

    Technical Analyst, Ashwani Gujral is of the view that Bharti Airtel can test Rs 870.

  • Sterlite Ind top gainer on the Sensex

    23rd July, 2009 10:33

    At 10:30 am, Sterlite Industries was top gainer on the Sensex. It touched an intraday high of Rs 629.90 and an intraday low of Rs 608. The share was quoting at Rs

  • Positive earnings have surprised mkts: Motilal Oswal AMC 

    23rd July, 2009 10:33

    Earnings of individual companies have surprised markets on the positive side, Nitin Rakesh, CEO, Motilal Oswal Asset Management, said. According to Rakesh, there w

  • Nitin Rakesh positive on technology space 

    23rd July, 2009 10:31

    Nitin Rakesh, CEO, Motilal Oswal AMC is positive on technology space.

  • Sun Pharma in a poor health

    23rd July, 2009 10:17

    Sun Pharmaceutical Industries touched an intraday high of Rs 1,229 and an intraday low of Rs 1,158. At 10:14 am, the share was quoting at Rs 1,201.05, down Rs 53.6

  • Buy Crude MCX August Fut at Rs 3170: Hem

    23rd July, 2009 10:15

    Hem Securities has recommended to buy Crude MCX August Future at Rs 3170 with a stoploss of Rs 3110 and a target of Rs 3238.

  • Digjam Q1 net loss at Rs 4.2 cr

    23rd July, 2009 10:09

    Digjam has announced its first quarter results. The company’s net sales were at Rs 29.2 crore versus Rs 29.8 crore.

  • Transport Corp Q1 net profit at Rs 7.9 cr

    23rd July, 2009 10:02

    Transport Corporation of India has announced its first quarter results. The company’s net sales were at Rs 311.4 crore versus Rs 314.9 crore.

  • Apollo Sindhoori Q1 net profit at Rs 2.3 cr

    23rd July, 2009 10:00

    Apollo Sindhoori Capital Investments has declared its first quarter results. The company’s net sales were at Rs 24.5 crore versus Rs 20 crore.

  • Kalindee Rail Q1 net profit at Rs 1.7 cr

    23rd July, 2009 10:00

    Kalindee Rail Nirman (Engineers) has announced its first quarter results. The company’s net sales were at Rs 35.9 crore versus Rs 59.5 crore.

  • Mah Seamless Q1 net profit at Rs 65.2 cr

    23rd July, 2009 09:58

    Maharashtra Seamless has declared its first quarter results. The company’s net sales were at Rs 423 crore versus Rs 351.7 crore.

  • Govt to divest stake in Manganese Ore, NMDC 

    23rd July, 2009 09:55

    In an exclusive interview to CNBC-TV18, Steel Secretary PK Rastogi said the government had decided to list Manganese Ore. The Steel Secretary added that no decisio

  • Analysis: Bharti-MTN deal may miss July 31 deadline

    23rd July, 2009 09:49

    CNBC TV-18’s Sanjay Suri reports that the Bharti Mtn deal may face some delays. Mtn has moved sufficiently from its earlier positions to lead to expectations that

  • Trade short in Nifty from 4420-4440: Karvy

    23rd July, 2009 09:47

    According to Karvy Stock Broking's Technical Analysis report, one can trade short in Nifty from 4420-4440 levels with a stop loss placed at 4450 levels targeting 4

  • Nifty has strong support at 4330-4240: Nirmal Bang

    23rd July, 2009 09:43

    According to Nirmal Bang's report, Nifty has strong multiple supports at 4330-4240 and very extreme 4140 where buying could be done from an investment perspective.

  • Don't see Nifty test 4200; mkt to go higher: Ashwani Gujral 

    23rd July, 2009 09:42

    Technical Analyst Ashwani Gujral is of the view that on all declines, as long as Nifty holds 4,300, investors need to go long. He added that it is unlikely for the

  • Biocon Q1 cons net profit up at Rs 57.5 cr

    23rd July, 2009 09:35

    Biocon has declared its first quarter results. The company's consolidated net sales were up 86% at Rs 496 crore versus Rs 263.9 crore. Its consolidated net profit

  • Raj Oil Mills IPO subscribed 1.24 times

    23rd July, 2009 09:22

    Raj Oil Mills initial public offering (IPO) will close today. It received bids for 1,17,99,000 shares as against its issue size of 95,00,000 shares and was subscri

  • IPO scam accused ordered to pay Rs 6 cr

    23rd July, 2009 09:19

    The Securities and Exchange Board of India has directed Mr Dushyant Natwarlal Dalal and his wife Ms Puloma Natwarlal Dalal to pay Rs 6 crore by way of disgorgement

  • Rupee opens at Rs 48.42 per dollar

    23rd July, 2009 09:07

    The Indian rupee opened at Rs 48.42 per dollar versus Rs 48.52 yesterday.

  • 10-year yield seen between 6.82-6.84%: HDFC Bank

    23rd July, 2009 09:01

    According to Suresh Prabhu, HDFC Bank, the bonds are expected to be positive today after RBI's buyback announcement. The yields may soften on adequate liquidity. T

  • Expect positive opening: Ajay Jain

    23rd July, 2009 09:00

    As per, Lt Col Ajay Jain, CEO, www.astromoneyguru.com, 23rd day of July 2009 is represented by planet called Mercury and year 2009 is represented by Planet called

  • Downside looks capped in near-term: IL&FS 

    23rd July, 2009 08:58

    The Nifty is likely to be ranged between 4200-4600. Quarterly earnings are better-than-expected but have been priced in as valuations are not cheap. The downside l

  • Fund Action witnessed in Punj Lloyd, PVR, Maytas

    23rd July, 2009 08:55

    Fund Action witnessed in Punj Lloyd, PVR, Maytas, Emami, JBM Auto, Info Edge, Kajaria Ceramics and Forbes & Co.

  • Stocks in news: Sun Pharma, ONGC, Bharti, Maruti, ITC

    23rd July, 2009 08:52

    Sun Pharma, ONGC, Bharti, Maruti, ITC, Idea, Jet Airways, ACC, Siemens, Sesa Goa, Jaybharat Textiles, TV Today, Kalindee Rail, Kale Consultants, Nagarjuna Fertiliz

  • Falcon Tyres plans to raise Rs 100 cr for expansion

    23rd July, 2009 08:41

    Falcon Tyres, a major manufacturer of two-wheeler tyres, plans to raise Rs 100 crore through private placement of shares to finance expansion plan and to bring dow

  • Idea Cellular Q1 net profit seen up 2.19% to Rs 280.26 cr

    23rd July, 2009 08:37

    Idea Cellular is to declare its Q1FY10 numbers. According to CNBC-TV18 estimates, its net profit is seen going up 2.19% to Rs 280.26 crore from Rs 274.26 crore, Qo

  • Nifty has support at 4300-4350: Gujral

    23rd July, 2009 08:34

    The market may have flat to negative opening today. Nifty has supports at 4300-4350 and resistances are at 4450-4500. Trades may go long near support levels.

  • Market cues: FIIs net buy $ 10.4 mn

    23rd July, 2009 08:32

    Market cues: FIIs net buy USD 10.4 milion and MFs net buy Rs 104 crore in cash on July 21.

  • Copper gains 2% to settle above $5500/tonne 

    23rd July, 2009 08:18

    Copper gained 2% to settle above $5500/tonne, at 9-month highs. Aluminium was up 10% in 2 weeks. Grupo Mexico profits were down 47.3% on lower metals prices.

  • Wall St ends mixed; Dow slips on weak Morgan Stanley nos

    23rd July, 2009 08:14

    The US markets ended mixed yesterday as both the Dow Jones and the S&P 500 ended the session in the red. However, the tech heavy Nasdaq successfully logged its ele

  • Asian markets trading firm; Hang Seng up

    23rd July, 2009 08:10

    At 8: 08 am (IST), Asian markets were trading firm. China's Shanghai Composite was up 0.16% or 5.15 points at 3,301.77. Hong Kong's Hang Seng gained 1.57% or 302.0

  • Tata Investment Q1 net profit at Rs 35.1 cr

    23rd July, 2009 07:09

    Tata Investment Corporation has declared its Q1FY10 numbers. Its net profit declined to Rs 35.1 crore from Rs 42.9 crore, YoY.

  • Ponni Sugars Q1 net profit at Rs 4.5 cr

    23rd July, 2009 07:05

    Ponni Sugars has declared its Q1FY10 numbers. It has reported net profit of Rs 4.5 crore as against net loss of Rs 1 crore.

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