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Moneycontrol News Archive : 31 July, 2009

  • NAVs end strong as mkts advance

    31st July, 2009 23:23

    Equity diversified NAVs ended strong with advance:decline ratio of 240:4, as the markets witnessed huge buying interest on the first day of the August series and c

  • It's about a level-playing field not bailout: Airlines 

    31st July, 2009 21:58

    In an exclusive interview to CNBC-TV18, Ajay Singh, Director, SpiceJet; and Saroj Datta, Executive Director, Jet Airways; spoke on what the airline industry's grie

  • Nifty may take out 4700 next week 

    31st July, 2009 21:01

    There was good news from the street. The August series starts with a bang. The Nifty was up 1.5% to close at 4,640. Hindalco and Nalco jumped sharply after quarter

  • FX derivatives: SC says debt tribunal can't hear cases 

    31st July, 2009 20:11

    The Supreme Court (SC) has ruled that cases relating to foreign exchange derivative contracts cannot be transferred to the Debt Recovery Tribunal.

  • Subhiksha misses July 31 CDR deadline 

    31st July, 2009 19:58

    The Subhiksha corporate debt restructuring (CDR) has missed the July 31 deadline. CNBC-TV18’s Vivek Law reports Subhiksha’s CDR report was not ready yet and that b

  • Adlabs Q1 cons net loss at Rs 64 cr

    31st July, 2009 19:51

    Adlabs has announced its first quarter results. The company's Q1 consolidated net sales were at Rs 103.4 crore.

  • Puravankara Q1 cons PAT down at Rs 10.2 cr

    31st July, 2009 19:46

    Puravankara has announced its first quarter results. The company's Q1 consolidated net sales were down at Rs 56 crore versus Rs 157.6 crore, YoY.

  • Pantaloon puts restructuring plan on hold 

    31st July, 2009 19:43

    CNBC-TV18 has learnt from the sources that Pantaloon Retail has decided to put its restructuring plans on hold. This comes after it had already got the approval of

  • SBI may up provision coverage to 50% of bad loans 

    31st July, 2009 19:25

    State Bank of India (SBI) is looking to increase its provision coverage upto 50% of its bad loans. This comes after a note from the RBI expressing concern that the

  • FIIs net buy Rs 36,830 cr in equities year-to-date

    31st July, 2009 19:17

    In the month of July so far, FIIs were net buyers of Rs 10,837.70 crore and year-to-date, they bought Rs 36,830.42 crore worth of shares (including net bought of R

  • Orchid Chemical Q1 net loss at Rs 29.8 cr

    31st July, 2009 18:55

    Orchid Chemical has announced its first quarter results. The net sales were up at Rs 305.8 crore versus Rs 287.7 crore, YoY.

  • Hotel Leela Q1 net profit at Rs 1 cr

    31st July, 2009 18:46

    Hotel Leela has announced its first results. The net sales at Rs 83.1 crore versus Rs 124.1 crore, YoY.

  • Indian Hotel Q1 PAT at Rs 16.4 cr

    31st July, 2009 18:38

    Indian Hotel has announced its first quarter resuls. Its net sales were down by 30.4% at Rs 262.36 crore versus Rs 376.91 crore , YoY.

  • Tata Steel adds 22 lakh shares in open interest 

    31st July, 2009 18:30

    The Nifty futures were at a premium of just about 0.5 points, with a buildup of about 23 lakh shares. Tata Steel added nearly 22 lakh shares in open interest, with

  • Instanex FII Index up 1.66% this week

    31st July, 2009 18:16

    This week, the Instanex FII Index was up 1.66% at 331.07 and the Instanex DII 15 portfolio was up 2.14%. Sensex was up 1.89% and Nifty was up 1.49%. The other Inst

  • Rupee ends higher, bonds lower

    31st July, 2009 17:49

    The Indian reupee closed higher at an over three-week high on FII inflows as shares ended firm. FII inflows into Adani Power's IPO also aided. But dollar demand fr

  • Rel Comm adds 18.3 mn subscribers in last 6 months

    31st July, 2009 17:37

    Reliance Communications has announced its Q1FY10 numbers. Its net profit increased 12.54% to Rs 1,636.61 crore from Rs 1,454.31 crore (QoQ).

  • Q1 NIM at 2.20%; see improvement ahead: Syndicate Bank 

    31st July, 2009 17:22

    Commenting on the results, VK Nagara, Executive Director of Syndicate Bank said, the bank’s treasury gains were not sustainable. He said, net interest margins (NIM

  • Hold Sesa Goa, target of Rs 244: KRChoksey

    31st July, 2009 16:58

    KRChoksey has maintained its hold rating on Sesa Goa, with price target of Rs 244. Iron ore prices have revived from their bottom in April and have gone up by almo

  • Dish TV Q1 subscription revenue at Rs 192 cr

    31st July, 2009 16:53

    Dish TV has announced its fourth quarter results. The company's Q4 net loss of Rs 78.7 crore versus Rs 115 crore.

  • Hold State Bank of India: Sharekhan

    31st July, 2009 16:51

    Sharekhan has recommended a hold rating on State Bank of India (SBI). At the current market price of Rs 1,723, the stock trades at 10.2x FY2011E earnings per share

  • Mid-tier IT cos struggle to recoup form eco downturn 

    31st July, 2009 16:20

    While the big boys of the IT industry may have seen healthier financial performance this quarter, mid-tier IT firms are not yet out of the woods. CNBC-TV18’s Kriti

  • India’s Skindia GDR index up 1.04%

    31st July, 2009 16:17

    The main gainers are State Bank of India (+5.78%; weight 9.54%), ITC (+3.59%; weight 0.93%), L&T (+3.04%; weight 2.74%) and Reliance (+2.45%; weight 14.53%).

  • Reliance Capital Q1 cons down at Rs 151 cr

    31st July, 2009 16:14

    Reliance Capital has announced its first quarter results. The company's Q1 consolidated net sales were down at Rs 1,452.7 crore versus Rs 1,537.5 crore.

  • Accumulate HDIL, target of Rs 280: Prabhudas Lilladher

    31st July, 2009 16:00

    Prabhudas Lilladher has maintained its accumulate rating on Housing Development and Infrastructure (HDIL) with a target of Rs 280. HDIL reported revenues to the tu

  • Hindalco adds 16% in open interest 

    31st July, 2009 15:59

    The Nifty futures premium came down a wee bit. Hindalco was up 3.4% with an open interest of 16% buildup.

  • Sensex closes at 13-month high; surges 8% in July

    31st July, 2009 15:41

    The Sensex witnessed huge buying interest on the first day of the August series and closed July month on a strong note, up 8% during the month. It closed at 13-mon

  • SBI has target of Rs 1915: Mohindar 

    31st July, 2009 15:37

    Rahul Mohindar of Viratechindia is of the view that State Bank of India, SBI has immediate price target of Rs 1915.

  • NTPC can intervene in RIL-RNRL case: Power Ministry 

    31st July, 2009 15:35

    The Power Ministry has given a go-ahead for NTPC to intervene in the RIL-RNRL case, the power secretary said. "It is now up to NTPC to decide whether to intervene

  • Tata Power Q1 PAT up at Rs 396 cr

    31st July, 2009 15:30

    Tata Power has announced its first quarter results. The company's Q1 net profit was up at Rs 396 crore versus Rs 162.5 crore.

  • Aban Offshore Q1 PAT down at Rs 110.8 cr

    31st July, 2009 15:27

    Aban Offshore has announced its first quarter results. The company's Q1 consolidated net sales were up at Rs 793.5 crore versus Rs 749 crore.

  • Britannia Q1 net profit up at Rs 47.4 cr

    31st July, 2009 15:23

    Britannia has announced its first quarter results. The company's Q1 net sales were up at Rs 731.2 crore versus Rs 693.3 crore.

  • Aurobindo Pharma Q1 cons PAT up at Rs 166.6 cr

    31st July, 2009 15:20

    Aurobindo Pharma has announced its first quarter results. The company's Q1 consolidated net sales were up at Rs 809.6 crore versus Rs 679.7 crore.

  • Asian markets end higher; Shanghai up 2.72%

    31st July, 2009 15:17

    Asian markets ended higher. China's Shanghai Composite gained 2.72% or 90.502 points at 3,412.062. Hong Kong's Hang Seng rose 1.68% or 339.25 points at 20,573.33.

  • Rs 192cr MTM loss due to large inventory holding: XL Tele 

    31st July, 2009 15:16

    K Vasudeva Rao, Executive Director, XL Telecom, said mark-to-market losses stand at Rs 192cr on account of large inventory holding of Rs 550 crore.

  • Nifty holds 4600; oil exploration, banks, FMCG gain

    31st July, 2009 15:10

    At 15:07 hours IST - the Nifty gave up 1/2 of gains and was still holding above 4600 level. Heavyweights ONGC and SBI were up over 5%. Leading counters like Relian

  • United Spirits forges ahead

    31st July, 2009 15:00

    United Spirits touched an intraday high of Rs 1,038.80 and an intraday low of Rs 960. At 3 pm, the share was quoting at Rs 1,005.50, up Rs 46.10, or 4.81%. It was

  • Orbit Corporation gushes forth

    31st July, 2009 15:00

    Orbit Corporation touched an intraday high of Rs 194.60 and an intraday low of Rs 179.20. At 3:02 pm, the share was quoting at Rs 180.05, down Rs 8.25, or 4.38%. I

  • Max India shoots up smartly

    31st July, 2009 14:45

    Max India touched an intraday high of Rs 205.70 and an intraday low of Rs 190. At 2:41 pm, the share was quoting at Rs 204.20, up Rs 14.35, or 7.56%. It was tradin

  • ICSA India Q1 PAT at Rs 34 cr

    31st July, 2009 14:43

    ICSA India has announced its first quarter results. The company's Q1 net sales were up at Rs 305.7 crore versus Rs 286.1 crore, QoQ.

  • Power Grid approves Rs 1736cr investment; stk down

    31st July, 2009 14:38

    Power Grid Corporation of India touched an intraday high of Rs 121.45 and an intraday low of Rs 117.55. At 2:33 pm, the share was quoting at Rs 117.90, down Rs 0.8

  • Arvind Q1 net profit up at Rs 8.6 cr

    31st July, 2009 14:36

    Arvind has announced its firwst quarter results. The company's Q1 net sales were at Rs 676.8 crore versus Rs 545.4 crore.

  • Buy India Infoline: Prasad Kushe 

    31st July, 2009 14:33

    Prasad Kushe, Equitytrendz.com is of the view that one can buy India Infoline with a stoploss of Rs 122-125 for a target of Rs 125.

  • Zee Entertainment puts on a good show

    31st July, 2009 14:30

    Zee Entertainment Enterprises touched an intraday high of Rs 185.80 and an intraday low of Rs 176. At 2:27 pm, the share was quoting at Rs 183, up Rs 8.45, or 4.84

  • Sensex trades strong despite selling at higher levels

    31st July, 2009 14:26

    At 14:23 hours IST - the Sensex continued its uptrend on the back of buying in heavyweights, despite selling pressure at higher levels. Shares of oil & gas explora

  • Earnings from capex to accrue from next year: Monnet Ispat 

    31st July, 2009 14:18

    Sandeep Jajodia, Executive Vice Chairman and MD, Monnet Ispat, said earnings from the company’s capex would accrue from next year onwards. He added that prices

  • Jindal Steel melts down further

    31st July, 2009 14:12

    Jindal Steel & Power touched an intraday high of Rs 3,099 and an intraday low of Rs 2,916.25. At 2:07 pm, the share was quoting at Rs 2,918, down Rs 106.65, or 3.5

  • ABB Q2 net profit at Rs 83.6 cr

    31st July, 2009 14:10

    ABB has announced its Q2CY09 numbers. It has reported net profit of Rs 83.6 crore and revenues of Rs 1,526 crore.

  • GE Shipping Q1 net profit down 64% to Rs 154 cr

    31st July, 2009 14:04

    Great Eastern Shipping has announced its Q1FY10 numbers. Its consolidated net profit declined 64% to Rs 154 crore from Rs 427 crore, YoY.

  • Balrampur Chini has target of Rs 145-150: H Jani 

    31st July, 2009 14:00

    Hemang Jani, Senior Vice-President at Sharekhan is of the view that Balrampur Chini has target of Rs 145-150.

  • Expect 18-20% upside in Mah and Mah: H Jani 

    31st July, 2009 13:57

    Hemang Jani, Senior Vice-President at Sharekhan is of the view that one can expect 18-20% upside in Mahindra and Mahindra.

  • Shinsei MF launches Industry Leaders Fund

    31st July, 2009 13:53

    Shinsei Mutual Fund has launched Shinsei Industry Leaders Fund, an open-ended equity scheme that invest in a diversified portfolio of predominantly equity and equi

  • Saregama India Q1 net profit down at Rs 11 lakh

    31st July, 2009 13:50

    Saregama India has come out with its Q1FY10 numbers. Its net profit went down at Rs 11 lakh versus Rs 68 lakh.

  • Sadbhav Engg Q1 net profit up at Rs 17.9 cr

    31st July, 2009 13:48

    Sadbhav Engineering has declared its Q1FY10 numbers. Its net profit went up to Rs 17.9 crore from Rs 14.9 crore, YoY.

  • McNally Bharat Q1 net profit doubles to Rs 8.1 cr

    31st July, 2009 13:44

    McNally Bharat Engineering has come out with its Q1FY10 numbers. Its net profit went up to Rs 8.1 crore from Rs 4.1 crore, YoY.

  • Open offer price for Great Offshore may go to Rs 500/sh 

    31st July, 2009 13:41

    ABG Shipyard increased its stake in Great Offshore to 8% and revised open offer price to Rs 450 per share. However Bharati Shipyard had an upper hand, as it held 2

  • Buy Patni Computer, says Sukhani 

    31st July, 2009 13:35

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy Patni Computer.

  • Tech Toyz rocks! And quite literally, this weekend! 

    31st July, 2009 13:31

    Carry your music wherever you go! Become an anywhere, anytime DJ! The Muzik special of Tech Toyz shows you how to inject a high dose of adrenaline into a tasteless

  • Crude down 3.3% in July, first monthly fall since Jan 

    31st July, 2009 13:22

    Crude was up 7% this week, down 3.3% on month. It has poised for first monthly drop since January.

  • Toyota Kirloskar to expand dealership network 

    31st July, 2009 13:12

    Japanese carmaker Toyota Kirloskar is stepping on the gas. As it readies to sell small cars, it is looking to expand its dealership network. A handy tool, as it lo

  • Mundra Port marches ahead

    31st July, 2009 12:58

    Mundra Port and Special Economic Zone touched an intraday high of Rs 586.90 and an intraday low of Rs 557.45. At 12:54 pm, the share was quoting at Rs 579.50, up R

  • Mah and Mah can re-test Rs 1001: H Thukral 

    31st July, 2009 12:41

    Hemant Thukral of Asian Markets Securities is of the view that Mahindra and Mahindra can re-test Rs 1001 on the upside and traders can hold up long positions with

  • Enter in IT stocks on every dip: H Thukral 

    31st July, 2009 12:36

    Hemant Thukral of Asian Markets Securities is of the view that one can enter in IT stocks on every dip.

  • Rural Elect has target of Rs 225: Thukral 

    31st July, 2009 12:33

    Hemant Thukral of Asian Markets Securities is of the view that Rural Electrification Corporation has target of Rs 225.

  • Instanex FII Index up 1.87%

    31st July, 2009 12:32

    At 12 noon, the Instanex FII Index was up 1.87% at 311.40 (+1.83% at 11 am) and the Instanex DII 15 portfolio was up 2.43% (+2.23% at 11 am).

  • India Infoline soars high

    31st July, 2009 12:23

    India Infoline touched an intraday high of Rs 142.45 and an intraday low of Rs 133.50. At 12:17 pm, the share was quoting at Rs 139.05, up Rs 7.80, or 5.94%. It wa

  • Rel Infra expects road projects of Rs 20K cr over 3 years

    31st July, 2009 12:19

    Reliance Infrastructure has announced its first quarter results. The company's Q1 standalone net sales were up at Rs 2,407.22 crore versus Rs 2,198.11 crore.

  • Block deals in Indiabulls Financial, stock up

    31st July, 2009 12:14

    Indiabulls Financial Services touched an intraday high of Rs 206.45 and an intraday low of Rs 197.80. At 12:09 pm, the share was quoting at Rs 200.15, up Rs 5.65,

  • Bullish on PSU banks, wary of realty: India Infoline 

    31st July, 2009 12:00

    Sandeepa Arora, of IIFL, India Infoline said that Nifty can hit 5,000 if it crosses 4,650–4,700. She said, “Earlier, we were between 4,000 and 4,500, I think you w

  • Patni Computer touches 52-week high

    31st July, 2009 12:00

    Patni Computer Systems touched a 52-week high of Rs 368.45. At 12 pm, the share was quoting at Rs 357.90, up Rs 30.15, or 9.20%. It was trading with volumes of 850

  • Jai Corp Q1 net profit down at Rs 9.13cr

    31st July, 2009 11:58

    Jai Corp has announced its first quarter results. Its net sales were at Rs 105 crore versus Rs 101 crore. Its net profit was at Rs 9.13 crore versus Rs 21 crore. I

  • Tata Chemicals Soda bio-carbonate plant to start from Aug

    31st July, 2009 11:56

    Tata Chemicals has declared its first quarter results. The company's Q1 consolidated net profit was up at Rs 42.5 crore versus Rs 107 crore.

  • Tanla Solutions slips further

    31st July, 2009 11:53

    Tanla Solutions touched an intraday high of Rs 63.50 and an intraday low of Rs 56.15. At 11:48 am, the share was quoting at Rs 57.40, down Rs 4.85, or 7.79%. It wa

  • NALCO among the major gainers

    31st July, 2009 11:43

    At 11:41 am, NALCO was among the major gainers on the Nifty. It touched an intraday high of Rs 305.70 and an intraday low of Rs 294. The share was quoting at Rs 30

  • Idea Cellular makes a smart gain

    31st July, 2009 11:38

    Idea Cellular touched an intraday high of Rs 79.95 and an intraday low of Rs 76.85. At 11:34 am, the share was quoting at Rs 78.75, up Rs 3.05, or 4.03%. It was tr

  • ONGC advances 5%

    31st July, 2009 11:33

    ONGC touched an intraday high of Rs 1,161.90 and an intraday low of Rs 1,095. At 11:30 am, the share was quoting at Rs 1,156.10, up Rs 56.55, or 5.14%. It was trad

  • XL Telecom Q1 net loss at Rs 237 cr

    31st July, 2009 11:29

    XL Telecom and Energy has announced its Q1FY10 numbers. It has reported net loss of Rs 237 crore as against profit of Rs 11 crore, (YoY).

  • Welspun India Q1 net profit up at Rs 33.3cr

    31st July, 2009 11:27

    Welspun India has declared its first quarter results. Its total income was at Rs 417.7 crore versus Rs 284.8 crore. Its net profit was at Rs 33.3 crore versus Rs 7

  • Federal Bank Q1 net profit seen up 71.5% to Rs 116.88 cr

    31st July, 2009 11:22

    Federal Bank is set to announce its Q1FY10 numbers. According to CNBC-TV18 estimates, its net profit is expected to go up 71.5% to Rs 116.88 crore and net interest

  • Rel Infra expects road portfolio of Rs 20K cr over 3 yrs

    31st July, 2009 11:15

    In a conference call with analysts, Lalit Jalan, CEO and Whole-time Dir, Reliance Infra said the company continued to be financially sound. Going forward, he said,

  • Eventual plan to take mgmt control of Great Offshore: ABG 

    31st July, 2009 11:07

    D Datar, CFO of ABG Shipyard, said that their stake in Great Offshore has gone up to 8%. He said that the open offer price for great offshore has been revised to R

  • Sensex gains strength; all sectoral indices in green

    31st July, 2009 11:00

    At 10:56 hours IST - the Sensex gained more strength on the first day of August series. It touched 15,700 level on the back of huge buying in across the sectors, e

  • Khurana positive on banking space 

    31st July, 2009 10:48

    Amit Khurana, Co-Head - Institutional Equities Head, Research, Mangal Keshav is positive on banking space.

  • Britannia Q1 net profit seen up 26.8% at Rs 51.7 cr

    31st July, 2009 10:45

    Britannia Industries is going to come out with its Q1FY10 numbers. According to CNBC-TV18 estimates, its net profit is expected to go up 26.8% at Rs 51.7 crore ver

  • Investors should shift to mid-tier FMCG cos: IDFC SSKI 

    31st July, 2009 10:44

    Nikhil Vora, Managing Director, of IDFC SSKI, has advised investors to shift to mid-tier consumer companies. He expects midcap FMCGs to report higher sales growth

  • Aban Offshore Q1 cons sales seen at Rs 733 cr

    31st July, 2009 10:41

    Aban Offshore is going to announce its Q1FY10 numbers. According to CNBC-TV18 estimates, its consolidated sales are expected to be at Rs 733 crore (Q4FY09 sales we

  • PTC has support at Rs 80: Gujral 

    31st July, 2009 10:37

    Technical Analyst, Ashwani Gujral is of the view that PTC has support at Rs 80.

  • Edelweiss Q1 net profit up at Rs 58.2cr

    31st July, 2009 10:34

    Edelweiss Capital has declared its first quarter results. Its consolidated net sales were at Rs 222.6 crore versus Rs 180 crore on QoQ basis. Its consolidated net

  • Tata Motors moves up smartly

    31st July, 2009 10:32

    Tata Motors touched an intraday high of Rs 414.05 and an intraday low of Rs 399. At 10:29 am, the share was quoting at Rs 412.80, up Rs 17.40, or 4.40%. It was tra

  • Austral Coke Q1 net profit down at Rs 15cr

    31st July, 2009 10:26

    Austral Coke has declared its first quarter results. Its net profit was at Rs 15 crore versus Rs 45 crore.

  • Buy Silver on dips: Nirmal Bang

    31st July, 2009 10:21

    Nirmal Bang has recommended to buy Silver at dips. Silver may inch up on the back of rise in industrial metals.

  • Hindalco Q1 net profit seen down 68% at Rs 226 cr

    31st July, 2009 10:18

    Hindalco Industries is set to announce its Q1FY10 numbers. According to CNBC-TV18 estimates, its standalone net profit is expected to go down 68% at Rs 226 crore v

  • Sterlite Industries top gainer on Sensex

    31st July, 2009 10:15

    At 10:12 am, Sterlite Industries was the top gainer on the Sensex. It touched an intraday high of Rs 655 and an intraday low of Rs 637.45. The share was quoting at

  • Adani Power good bet for long-term investors: Experts 

    31st July, 2009 10:12

    Adani Power closed for subscription today and was subscribed 21.64 times on the back of huge subscription by qualified institutional investors. Their reserved port

  • Nifty to touch 4850 if it crosses 4700: Ashwani Gujral 

    31st July, 2009 10:09

    Ashwani Gujral, Technical Analyst, ashwanigujral.com, said if 4,620 levels could be maintained for half an hour, it could be a trending day which could finally tak

  • Bajaj Hindusthan can test Rs 225: Gujral 

    31st July, 2009 10:04

    Technical Analyst, Ashwani Gujral is of the view that once Bajaj Hindusthan takes out Rs 195-200 zone then it can test Rs 225.

  • Nifty has resistance at 4700: Anagram

    31st July, 2009 10:00

    According to Anagram Research's report, the next resistance for the Nifty is 4700.

  • Seamec Q2 PAT up 174% to Rs 59.8 cr

    31st July, 2009 09:58

    Seamec has anounced its second quaretr results. Its revenue were up 65.3% to Rs 100.38 crore versus Rs 60.72 crore.

  • Will Nifty cross 4700 in August series? 

    31st July, 2009 09:56

    The July F&O series is history and the Nifty was up 8% with good gains in many sectors like autos, IT, metals, and real estate. Today, the Indian markets have posi

  • Expect decline in Hindalco, Nalco topline numbers 

    31st July, 2009 09:52

    Hindalco is set to announce its Q1FY10 numbers. According to CNBC-TV18 estimates, its standalone net profit is expected to go down 68% at Rs 226 crore versus Rs 69

  • Daiichi Sankyo Q1 net loss at 6.4 bn Yen

    31st July, 2009 09:45

    Daiichi Sankyo has announced its Q1FY10 numbers. It has reported net loss of 6.4 billion Yen versus profit of 25 billion Yen.

  • Skindia GDR Index signals flat Nifty opening

    31st July, 2009 09:41

    The main gainers were Sterlite Industries (+5.33%; weight 9.86%), ICICI Bank (+4.47%; weight 22.35%) and State Bank of India (+4.12%; weight 9.11%) and the three l

  • Great Offshore won't fall below Rs 450 even if mkts fall 

    31st July, 2009 09:39

    ABG Shipyard increased its stake in Great Offshore to 8% and revised open offer price to Rs 450 per share. Udayan Mukherjee, Managing Editor, CNBC-TV18, said “In a

  • DLF, ITC may see upside: Astroprofit.com

    31st July, 2009 09:34

    Today's transit: Moon is posited in Scorpio sign. Rahu is posited in Capricorn. Jupiter is retrograde and is posited in Aquarius. Mars is posited in Taurus and Ven

  • Nifty has strong support at 4410: Nirmal Bang

    31st July, 2009 09:30

    According to Nirmal Bang's report, Nifty has strong support at 4410 levels, unless we see a break below this point markets are safe and healthy and every fall is a

  • NHPC IPO: $1.2bn proceeds to fund 11 projects  

    31st July, 2009 09:18

    It will be the first public sector enterprise to tap the capital markets this year. National Hydroelectric Power Corporation (NHPC) has kicked off its road shows,

  • Delhi mishap may derail Gammon's Bangalore project 

    31st July, 2009 09:09

    As a direct fallout of the Delhi Metro Mishap, contractor Gammon India may face hurdles with the Bangalore Metro Project as well. CNBC-TV18's Sunanda Jayaseelan re

  • See Nifty ranged between 4700-4200: IL&FS 

    31st July, 2009 09:05

    The market is likely to consolidate with a negative bias. I see the Nifty ranged between 4700-4200, Vibhav Kapoor of IL&FS said.

  • 10-year yield seen between 6.95-7%: K Ramkumar

    31st July, 2009 08:58

    According to K Ramkumar, Sundaram BNP Paribas, the market will be looking forward to the Rs 12,000 crore bond auction today. The nervousness in the market may cont

  • Rupee may move back towards 48/dollar: Nanivadekar

    31st July, 2009 08:56

    According to Vikram Nanivadekar, Verity Analytics, the rupee may move back towards 48 per dollar level. Risk appetite has improved and the range for the day is see

  • Unitech Q1 revenues seen up 40% at Rs 540 cr 

    31st July, 2009 08:50

    Unitech is to announce its first quarter results. According to CNBC-TV18 estiamtes, the company's Q1FY10 net profit is seen down 46.08% from Rs 279.43 crore to Rs

  • Can India take a leaf out of Europe?

    31st July, 2009 08:48

    The Empowered Group of Ministers which meets on Friday to decide on the 3G policy would do well to examine the experience of other countries with such auctions.

  • MS-Yahoo deal will ‘offer better search experience’

    31st July, 2009 08:44

    Microsoft Corporation and Yahoo!’s 10-year pact will create a significant competitive alternative in search, according to a top Microsoft India official.

  • Stocks in news: Lanco Infra, Power Grid, WWIL, Lupin, DLF

    31st July, 2009 08:40

    Lanco Infratech, Power Grid, WWIL, Lupin, Man Aluminium, Zylog Systems, Tech Mahindra, SEL Manufacturing, Glory Polyfilms, Evinix Accessories, Powersoft Global, DL

  • Pepper futures rise sharply on tight supply

    31st July, 2009 08:38

    The pepper futures market shot up on Thursday on buy calls and reports of other origins moving up on tight supply.

  • Market cues: FIIs net buy $28.7 mn

    31st July, 2009 08:32

    Market cues: FIIs net buy USD 28.7 million and MFs net sell Rs 292 crore in equities on July 29.

  • Ganeshaspeaks: Market prediction for July 31

    31st July, 2009 08:23

    From 9:55 to 12:30, Nifty may tend to move upwards and may witness one or two corrections. From 12:30 to 13:15, a steep drop in Nifty is likely.

  • Dow up 8.4% in July, CRB Index rebounds 4%  

    31st July, 2009 08:16

    The US markets hit 9-month high amid strong earnings and lower jobless claims, although slipped from day's high. The Dow was up 8.4% in July, which poised for best

  • Asian markets trading firm; Hang Seng, Nikkei up

    31st July, 2009 08:07

    At 8: 06 am (IST), Asian markets were trading firm. China's Shanghai Composite was up 0.66% or 21.96 points at 3,343.52. Hong Kong's Hang Seng gained 1.37% or 278.

  • Amtek India Q4 net profit at Rs 14.5 cr

    31st July, 2009 07:56

    Amtek India has announced its Q4FY09 numbers. Its net profit declined to Rs 14.5 crore from Rs 240.9 crore, YoY.

  • ISMT Q1 net profit surges to Rs 24.5 cr

    31st July, 2009 07:39

    ISMT has announced strong numbers on the bottomline side for the Q1FY10. Its net profit surged to Rs 24.5 crore from Rs 10 crore.

  • Simbhaoli Sugars Q3 net profit at Rs 59.5 cr

    31st July, 2009 07:02

    Simbhaoli Sugars has declared its Q3FY09 numbers. It has reported net profit of Rs 59.5 crore as against loss of Rs 12.4 crore. Other income boosted the profit.

  • Adani IPO closes; likely to list around Aug 20

    31st July, 2009 22:13

    Adani Power initial public offering (IPO) witnessed huge investors' interest and was subscribed 21.64 times. The issue received bids for more than 538 crore shares

  • Bharti, MTN may make announcement on Monday 

    31st July, 2009 21:20

    The original period of exclusive talks for the Bharti-MTN transaction ended today without an official word on the fate of the proposed deal. It is learnt that an o

  • Power talk: Bhanshali, Uday Kotak on NHPC IPO 

    31st July, 2009 20:45

    The NHPC initial public offer is a very large IPO from the government’s stable, which is being flagged off in the next few days’ time. NHPC will go on to raise up

  • MTNL Q1 net loss at Rs 47 cr

    31st July, 2009 19:58

    Mahanagar Telephone Nigam (MTNL) has announced its first quarter results. The company's Q1 net loss was at Rs 47 crore. Its total income was at Rs 9500 crore.

  • Long-term debt at Rs 1000 crore: Moser Baer

    31st July, 2009 19:58

    Moser Baer, the company’s long term debt is Rs 1000 crore. On the contrary, Blu Ray is expected to drive growth going forward. The company’s operating income is f

  • Gammon India Q1 PAT down at Rs 25.1 cr

    31st July, 2009 19:48

    Gammon India has announced its first quarter results. The company's Q1 net sales were up at Rs 850.5 crore versus Rs 585.2 crore, YoY.

  • Core Proj Q1 cons net profit down at Rs 40.4 cr

    31st July, 2009 19:44

    Core Projects has announced its first quarter results. The company's Q1 consolidated net sales were down at Rs 187.3 crore versus Rs 182.6 crore, QoQ.

  • Sales booked in Q1 at Rs 118.9 cr: Omaxe 

    31st July, 2009 19:27

    Commenting on the results, Sunil Malhotra, VP Finance, Omaxe said, the operating profit margin stood at 38% and profit before tax (PBT) at 16.5%. “Sales booked in

  • MFs net buy Rs 3439.6 cr in equities year-to-date

    31st July, 2009 19:21

    On July 30, 2009, mutual funds (MFs) were net sellers to the tune of Rs 49.20 crore in equities. They made gross purchase of Rs 1,536.90 crore and gross sales of R

  • US markets open flat; Dow up 8 points

    31st July, 2009 19:07

    At 19.03 hrs (IST) - The US markets opened flat. The Dow Jones Industrial Average was up 8.54 points, or 0.09%, to 9163. The Nasdaq was up 1.41 points, or 0.07%,

  • Omaxe Q1 net profit at Rs 14.97 cr

    31st July, 2009 18:51

    Omaxe has announced first quarter results. The company's consolidated revenues were up 85.73% from Rs 64.02 crore to Rs 118.91 crore.

  • Dredging Q1 down at Rs 3.2 cr

    31st July, 2009 18:42

    Dredging has announced its first quarter results. The company's Q1 net sales were up at Rs 161 crore versus Rs 196 crore.

  • In advanced talks to raise Rs 3,000cr via asset sale: DLF

    31st July, 2009 18:36

    Rajiv Singh, Vice chairman of DLF said, real estate is showing signs of recovery. DLF remains committed to deleveraging company’s balance sheet.

  • Crude gains 6% this week 

    31st July, 2009 18:18

    Crude prices were up 6% this week. On a monthly basis, crude did not do so well, it was down 3.5%, but the stock impact was quite strong. Cairn and ONGC both were

  • Huge govt borrowing detrimental to lowering rates: RBI

    31st July, 2009 18:07

    Subbarao said that there was need for coordination between the monetary and the fiscal policy. The monetary policy lost transaction during the economic crises, he

  • Instanex FII Index up 1.77%

    31st July, 2009 17:41

    At close, the Instanex FII Index was up 1.77% at 331.07 (+0.76% at 3 pm) and the Instanex DII 15 portfolio was up 2.20% (+1.14% at 3 pm).

  • Essar Oil acquires 50% stake in Kenyan refinery

    31st July, 2009 17:32

    Essar Oil is looking for expansion opportunities overseas. Essar Oil has completed 50% stake acquisition in Kenyan refinery.

  • Buy Sterlite Industries: KRChoksey

    31st July, 2009 17:00

    KRChoksey has recommended a buy rating on Sterlite Industries. Sterlite’s strength lies in its strong balance sheet and lowest cost of operations; with companies f

  • Hold PNB, target of Rs 764: Sharekhan

    31st July, 2009 16:56

    Sharekhan has recommended a hold rating on Punjab National Bank (PNB), with price target of Rs 764. The bank has performed well amidst challenging circumstances.

  • Hold M&M, target of Rs 828: Sharekhan

    31st July, 2009 16:53

    Sharekhan has recommended a hold rating on Mahindra & Mahindra, with price target of Rs 828. At the current market price, the stock is quoting at 21x its FY2010E a

  • SBI may test Rs 2050: D Choksey

    31st July, 2009 16:29

    Deven Choksey of KR Choksey Securities is of the view that SBI may test Rs 2050 by year end.

  • Mohindar positive on Hindalco 

    31st July, 2009 16:19

    Rahul Mohindar of Viratechindia is positive on Hindalco Industries from a medium term to long term point of view.

  • Nalco can go upto Rs 340: Mohindar 

    31st July, 2009 16:16

    Rahul Mohindar of Viratechindia is of the view that National Aluminium Company, Nalco can go upto Rs 340.

  • Consolidated FY10 capacity seen at 37000 tonne: Ess Dee 

    31st July, 2009 16:05

    Sudip Dutta, CMD, Ess Dee Aluminium said that the consolidated capacity would be seen at 37000 tonne by FY10-end, adding that the company may see revenue of Rs 900

  • Reliance Comm Q1 net profit up 12.5% to Rs 1,636.61 cr

    31st July, 2009 16:00

    Reliance Communications has announced its Q1FY10 numbers. Its net profit increased 12.54% to Rs 1,636.61 crore from Rs 1,454.31 crore (QoQ).

  • Nimesh Kampani sees Sensex at 25000, two years from now 

    31st July, 2009 15:50

    Commenting on his father Nimesh Kampani's view on India Vishal Kampani, Managing Director at JM Financial said that his father was more bullish on India than he wa

  • Reduce Tata Steel, target of Rs 406: Prabhudas Lilladher

    31st July, 2009 15:38

    Prabhudas Lilladher has maintained its reduce rating on Tata Steel with a target of Rs 406. Tata Steel reported PAT of Rs 7.9 billion. Net revenue declined by 9%.

  • Export mkts to bounce back in H2 FY10: TVS Motor 

    31st July, 2009 15:36

    TVS Motor's Q1 FY10 net profit increased to Rs 18.1 crore as compared to Rs 7 crore in the same period last year. Net sales also went up to Rs 975.6 crore from Rs

  • Nifty gains 1.5% this week; FMCG, IT, Auto indices up 3-6%

    31st July, 2009 15:33

    The Sensex closed at 52-week high on the back of strong earnings, was up 1.9% to 15,670.31 this week. The Nifty was up 1.5% to 4636.45.

  • ONGC has resistance at Rs1200-1220: Mohindar 

    31st July, 2009 15:28

    Rahul Mohindar of Viratechindia is of the view that Oil and Natural Gas Corporation, ONGC has resistance at Rs 1200-1220.

  • Sell Ambuja Cements: Indiabulls Securities

    31st July, 2009 15:24

    Indiabulls Securities Research has maintained its sell rating on Ambuja Cements. Ambuja Cements’ results for Q2’09 were a mixed bag. While net sales grew by 18.2%

  • Federal Bk Q1 net up; restructured loans of Rs 350cr 

    31st July, 2009 15:22

    Commenting on the results, PC John, CFO of Federal Bank, said the bank’s treasury gains stood at Rs 58 crore versus a loss of Rs 8 crore. Federal Bank has restruct

  • Edelweiss MF launches Absolute Return Equity Fund

    31st July, 2009 15:19

    Edelweiss Mutual Fund has launched Edelweiss Absolute Return Equity Fund, an open ended equity fund, that aims to generate absolute returns with low volatility ove

  • Dwarikesh Sugar Q1 PAT down at Rs 14 cr

    31st July, 2009 15:16

    Dwarikesh Sugar has announced its first quarter results. The company's Q1 net profit was down at Rs 14 crore versus loss of Rs 16 crore.

  • Essar Oil up on signing pact to buy 50% in Kenya refinery

    31st July, 2009 15:15

    Essar Oil touched an intraday high of Rs 152.50 and an intraday low of Rs 147. At 3:11 pm, the share was quoting at Rs 150.30, up Rs 4.95, or 3.41%. According to t

  • Dish TV continues to gain

    31st July, 2009 15:09

    Dish TV India touched an intraday high of Rs 46.25 and an intraday low of Rs 43.35. At 3:04 pm, the share was quoting at Rs 43.90, down Rs 1.65, or 3.62%. It was t

  • Omaxe slips on profit booking

    31st July, 2009 15:00

    Omaxe touched an intraday high of Rs 114.95 and an intraday low of Rs 105.35. At 2:56 pm, the share was quoting at Rs 105.75, down Rs 5, or 4.51%. It was trading w

  • Navneet approves bonus issue, stock up

    31st July, 2009 14:49

    Navneet Publications touched a 52-week high of Rs 100.35. At 2:46 pm, the share was quoting at Rs 96.90, up Rs 1.15, or 1.20% on the Nifty. The company board has a

  • Instanex FII Index up 1.66%

    31st July, 2009 14:44

    At 2 pm, the Instanex FII Index was up 1.66% at 330.70 (+1.95% at 1 pm) and the Instanex DII 15 portfolio was up 2.09% (+2.57% at 1 pm).

  • Hold Tata Steel, target of Rs 467: KRChoksey

    31st July, 2009 14:43

    KRChoksey has recommended a hold rating on Tata Steel with a target price of Rs 467. the Q1 FY10 Tata Steel India reported sales of Rs 5,554 crores, down 10% over

  • Neyveli Lignite has target of Rs 188: Prasad Kushe  

    31st July, 2009 14:37

    Prasad Kushe, Equitytrendz.com is of the view that Neyveli Lignite has target of Rs 188.

  • Hold KPIT Cummins, says Prasad Kushe 

    31st July, 2009 14:35

    Prasad Kushe, Equitytrendz.com is of the view that one can hold KPIT Cummins Infosystems and it can be a multi-bagger from this level. It’s a portfolio pick rather

  • NALCO Q1 net profit down 75.8% at Rs 127cr

    31st July, 2009 14:32

    National Aluminium Company (Nalco) has declared its first quarter results. The company's net profit was down 75.80% at Rs 127 crore versus Rs 525 crore.

  • Hindalco Q1 PAT down; board approves QIP of up to $500m

    31st July, 2009 14:28

    Hindalco Industries has announced its first quarter results. The company's Q1 net profit was down 31% at Rs 480 crore versus Rs 696.8 crore.

  • Cash and cash equivalents at $ 4.7 bn: Vedanta

    31st July, 2009 14:20

    Vedanta has announced its Q1FY10 numbers. Its EBIDTA (earning before interest, depreciation, tax and amortisation) declined to $355 million versus $739 mil

  • Sun Pharma back on track

    31st July, 2009 14:17

    Sun Pharmaceutical Industries touched an intraday high of Rs 1,198 and an intraday low of Rs 1,144. At 2:14 pm, the share was quoting at Rs 1,183, up Rs 37.75, or

  • TVS Motor Q1 net profit up at Rs 18.1 cr

    31st July, 2009 14:12

    TVS Motor has announced its Q1FY10 numbers. Its net profit increased to Rs 18.1 crore versus Rs 7 crore.

  • Ess Dee Aluminium Q1 net profit at Rs 17.6 cr

    31st July, 2009 14:08

    Ess Dee Aluminium has declared its Q1FY10 numbers. Its net profit declined to Rs 17.6 crore from Rs 21.4 crore.

  • ESS DEE Aluminium gains 4.2%

    31st July, 2009 14:00

    ESS DEE Aluminium touched an intraday high of Rs 324.90 and an intraday low of Rs 303.30. At 2 pm, the share was quoting at Rs 312.50, up Rs 12.70, or 4.24%. It wa

  • Nava Bharat Ventures Q1 net profit up at Rs 136.4 cr

    31st July, 2009 14:00

    Nava Bharat Ventures has come out with its Q1FY10 numbers. Its net profit increased to Rs 136.4 crore from Rs 108.5 crore (QoQ).

  • Dish TV Q1 net loss at Rs 69.2 cr

    31st July, 2009 13:54

    Dish TV had declared its Q1FY10 numbers. It has reported net loss of Rs 69.2 crore as against loss of Rs 125.4 crore.

  • House of Pearl Q1 net loss at Rs 4.3 cr

    31st July, 2009 13:52

    House of Pearl has come out with its Q1FY10 numbers. It has reported net loss of Rs 4.3 crore as against profit of Rs 10.8 crore.

  • Orient Paper looks cheap: H Jani 

    31st July, 2009 13:50

    Hemang Jani, Senior Vice-President at Sharekhan is of the view that Orient Paper and Industries is looking cheap in the cement space. This stock is looking very in

  • Sakthi Sugars Q1 net profit at Rs 36.4 cr

    31st July, 2009 13:46

    Sakthi Sugars has announced its Q1FY10 numbers. It has reported net profit of Rs 36.4 crore and net sales of Rs 286 crore

  • Gremach Infra Q1 net profit down at Rs 4.5 cr

    31st July, 2009 13:41

    Gremach Infrastructure has declared its Q1FY10 numbers. Its net profit declined to Rs 4.5 crore from Rs 12.1 crore.

  • M&M has capex plan of Rs 4200 crore

    31st July, 2009 13:36

    M&M has declared its first quarter results of FY10. The company's Q1 net profit was up 48.4% at Rs 400 crore versus Rs 270 crore. Year on Year numbers were not com

  • Instanex FII Index up 1.95%

    31st July, 2009 13:33

    At 1 pm, the Instanex FII Index was up 1.95% at 331.65 (+1.87% at 12 noon) and the Instanex DII 15 portfolio was up 2.57% (+2.43% at 12 noon).

  • See price correction in Q2: Tata Chemicals 

    31st July, 2009 13:25

    Commenting on the company’s results, it’s Chief Financial Officer, PK Ghose said that the restructuring provision led to a dip in profits. “This restructuring is o

  • Nifty hovering around 4650; Nalco, ONGC, SBI up

    31st July, 2009 13:13

    At 13.05 hrs IST, the Nifty was trading with good gains. It was hovering around the 4650 mark. Buying interest was seen across all the sectors. The BSE FMCG index

  • Hero Honda looks better: VK Sharma 

    31st July, 2009 13:00

    VK Sharma of Anagram Stock Broking feels that with long term growth Hero Honda looks better but as far as safety of not going down Mahindra is better.

  • Syndicate Bank Q1 net profit up at Rs 261.6 cr

    31st July, 2009 12:48

    Syndicate Bank has announced its first quarter results. The company Q1 NII was up 16.38% at Rs 585.7 crore versus Rs 503.3 crore, YoY.

  • Can Kamal Nath deliver contracts for 12,000 km by FY10 end? 

    31st July, 2009 12:40

    Eight months from now Kamal Nath will have to do sachh ka samna. He will have to make good the boast that the National Highways Authority of India (NHAI) will awar

  • Federal Bank Q1 PAT up at Rs 136.4 cr

    31st July, 2009 12:34

    Federal Bank has announced its first quarter results. The company's Q1 NII was up at Rs 290.1 crore versus Rs 278.2 crore.

  • LME base metals at 2009 highs; what should you buy now? 

    31st July, 2009 12:33

    LME Base metals are trading at fresh 2009 highs. LME Copper hits 10-month high while copper hit upper circuit on Shanghai.

  • Prefer Sterlite to Nalco: Sukhani 

    31st July, 2009 12:24

    Technical Analyst, Sudarshan Sukhani is of the opinion that one can switch from Nalco to Sterlite.

  • Sensex trades strong; oil exploration, banks, FMCG lead

    31st July, 2009 12:21

    At 12:15 hours IST, the Nifty was trading strong and was holding the 4600 level, despite seeing profit booking at higher levels. Shares of oil & gas exploration, b

  • Stay with SBI for long term: VK Sharma 

    31st July, 2009 12:18

    VK Sharma of Anagram Stock Broking is of the view that one can remain invested in SBI wit long term perspective.

  • Wire and Wireless gushes forth

    31st July, 2009 12:08

    Wire & Wireless touched an intraday high of Rs 20.40 and an intraday low of Rs 19.50. At 12:04 pm, the share was quoting at Rs 19.85, up Rs 0.60, or 3.12%. The com

  • Vedanta Q1 EBIDTA at $355 mn

    31st July, 2009 12:00

    Vedanta has announced its Q1FY10 numbers. Its EBIDTA (earning before interest, depreciation, tax and amortisation) declined to $355 million versus $739 mil

  • Eicher Motors Q1 cons PAT at Rs 19.8 cr

    31st July, 2009 12:00

    Eicher Motors has announced its first quarter results. The company Q1 consolidated net profit was at Rs 19.8 crore.

  • Mcnally Bharat Engg up on bagging order worth Rs 414cr

    31st July, 2009 11:58

    Mcnally Bharat Engineering touched a 52-week high of Rs 162. At 11:54 am, the share was quoting at Rs 160.25, up Rs 9.55, or 6.34%. The company has got order worth

  • RSWM Q1 net profit at Rs 7.3cr

    31st July, 2009 11:53

    RSWM has declared its first quarter results. Its total income was at Rs 368.9 crore versus Rs 302.3 crore. Its net profit was at Rs 7.3 crore versus loss of Rs 26.

  • Rico Auto Q1 PAT up at Rs 2.6 cr

    31st July, 2009 11:52

    Rico Auto has announced its first quarter results. The company Q1 revenues were down 6.7% at Rs 180 crore versus Rs 193 crore. Its PAT was up at Rs 2.6 crore versu

  • Instanex FII Index up 1.83%

    31st July, 2009 11:42

    At 11 am, the Instanex FII Index was up 1.83% at 331.27 (+1.68% at 10 am) and the Instanex DII 15 Portfolio was up 2.23% (+1.91% at 10 am).

  • S Arora bullish on banking space 

    31st July, 2009 11:34

    Sandeepa Arora, India Infoline is bullish on banking space.

  • Kiri Dyes Q1 net profit down at Rs 3.8 cr

    31st July, 2009 11:31

    Kiri Dyes has declared its Q1FY10 numbers. Its net profit declined to Rs 3.8 crore from Rs 5 crore.

  • SBI leads gainers on the Nifty

    31st July, 2009 11:28

    At 11:26 am, State Bank of India, SBI was top gainer on the Nifty. It touched an intraday high of Rs 1,810 and an intraday low of Rs 1,740. The share was quoting a

  • FY10 turnover seen at Rs 1000cr, PAT at Rs 50cr: Rico Auto 

    31st July, 2009 11:26

    Arvind Kapur, Managing Director of Rico Auto Industries, said their FY10 turnover is seen at Rs 1,000 crore. He added that they aim to achieve a FY10 profit after

  • Allied Digital Q1 net profit up at Rs 22.7cr

    31st July, 2009 11:21

    Allied Digital Services has announced its first quarter results. Its total income was at Rs 159 crore versus Rs 92.5 crore. Its net profit was at Rs 22.7 crore ver

  • Nifty can touch 5K in Aug series: Mangal Keshav 

    31st July, 2009 11:14

    Amit Khurana, Co-Head - Institutional Equities and Head Research, Mangal Keshav, does not rule out the Nifty touching 4,800-5,000 in the August series. He feels i

  • Nalco Q1 net profit seen down 66% at Rs 178 cr

    31st July, 2009 11:05

    Nalco is going to announce its Q1FY10 numbers. According to CNBC-TV18 estimates, its net profit is expected to go down 66% at Rs 178 crore from Rs 525 crore, YoY.

  • Gujarat NRE advances 6%

    31st July, 2009 10:54

    Gujarat NRE Coke touched an intraday high of Rs 59.30 and an intraday low of Rs 55.75. At 10:51 am, the share was quoting at Rs 58.30, up Rs 3.30, or 6%. It was tr

  • OnMobile Q1 net profit seen up 17.78% to Rs 26.13 cr

    31st July, 2009 10:47

    OnMobile Global is set to announce its Q1FY10 numbers. According to CNBC-TV18 estimates, its net profit is expected to go up 17.78% to Rs 26.13 crore, QoQ.

  • Lower newsprint costs boosted PAT: Deccan Chronicle 

    31st July, 2009 10:44

    Speaking on the company’s results, PK Iyer, Managing Director of Deccan Chronicle said though the volumes were down on year-on-year basis, they were cautiously opt

  • 20 Microns Q1 net profit up at Rs 3.14cr

    31st July, 2009 10:42

    20 Microns has declared its first quarter results. Its total income was at Rs 47.27 crore versus Rs 36.8 crore. Its net profit was at Rs 3.14 crore versus Rs 1.5 c

  • Polaris Q1 net down; biz volumes shifting offshore 

    31st July, 2009 10:39

    Arun Jain, Chairman and CEO, Polaris, says the market is responding better than earlier. He feels product license deals will provide an upside. "Business volumes a

  • Instanex FII Index up 0.10%

    31st July, 2009 10:35

    At 10 am, the Instanex FII Index was up 1.68% at 330.78% and the Instanex DII 15 portfolio was up 1.91%. Sensex was up 1.84% and Nifty was up 1.77%.

  • Dena Bank minting money

    31st July, 2009 10:34

    Dena Bank touched an intraday high of Rs 56.65 and an intraday low of Rs 54.30. At 10:30 am, the share was quoting at Rs 56.40, up Rs 2.25, or 4.16%. It was tradin

  • Buy Tata Motors at Rs 350-360: Gujral 

    31st July, 2009 10:29

    Technical Analyst, Ashwani Gujral is of the view that one can buy Tata Motors at Rs 350-360 and it can head upto above Rs 450 even upto Rs 520.

  • SBI may head upto Rs 1850: Gujral 

    31st July, 2009 10:23

    Technical Analyst, Ashwani Gujral is of the view that SBI may head upto Rs 1850.

  • Welspun Gujarat can touch Rs 280: Gujral 

    31st July, 2009 10:19

    Technical Analyst, Ashwani Gujral is of the view that Welspun Gujarat Stahl Roh can touch Rs 280.

  • Buy Copper MCX Aug Fut at Rs 272.90: Hem

    31st July, 2009 10:16

    Hem Securities has recommended to buy Copper MCX August Future at Rs 272.90 with a stoploss of Rs 269 and target of Rs 277.

  • Hindalco Industries surges 4.4%

    31st July, 2009 10:13

    Hindalco Industries touched an intraday high of Rs 98.70 and an intraday low of Rs 94.65. At 10:12 am, the share was quoting at Rs 98, up Rs 4.20, or 4.48% on the

  • ABG Shipyard buys additional 0.5-0.6% in Great Offshore 

    31st July, 2009 10:09

    The ABG Shipyard and Bharati Shipyard war continues as the former has bought another 0.5–0.6% stake at Rs 450 stake in Great Offshore. Bharati is already holding 1

  • Patni has target of Rs 400: Gujral 

    31st July, 2009 10:09

    Technical Analyst, Ashwani Gujral is of the view that Patni has target of Rs 400.

  • Deccan Chronicle Q1 net profit at Rs 77cr

    31st July, 2009 10:00

    Deccan Chronicle Holdings has declared its first quarter results. Its net sales were at Rs 216.6 crore. Its net profit was at Rs 77 crore.

  • Nifty trades above 4600; Sensex at 2009 highs

    31st July, 2009 09:59

    The markets opened strong following positive global cues and the Sensex was trading at 2009 highs. Heavyweights were witnessing huge buying interest. Shares of oil

  • Raj TV Q1 PAT at Rs 91 lakhs

    31st July, 2009 09:57

    Raj Television Network has declared its first quarter results. Its revenue were up 10.8% to Rs 59.69 crore versus Rs 53.8 crore.

  • TV Today Q1 PAT up 81% to Rs 16.64 cr

    31st July, 2009 09:55

    TV Today Network has declared its first quarter results. Its revenue were up 10.8% to Rs 71.04 crore versus Rs 64.13 crore.

  • No early hearing for RIL-RNRL case: Supreme Court 

    31st July, 2009 09:49

    Anil Ambani's plea to speed up the gas case has hit a Supreme Court roadblock. The Apex Court rejected RNRL's plea and asked all parties to come back on September

  • Lanco Infra to raise $100m via QIP issue 

    31st July, 2009 09:45

    Lanco Infra QIP opened yesterday and the company is looking at raising around USD 100 million. The pricing was at 6% discount and the equity dilution post the issu

  • Tata Power Q1 net seen up 3.6% at Rs 197.5 cr

    31st July, 2009 09:40

    Tata Power is going to declare its Q1FY10 numbers. According to CNBC-TV18 estimates, its net profit is expected to go up 3.6% at Rs 197.5 crore from Rs 190.6 crore

  • Suzlon Energy Q1 net profit seen at Rs 57.6 cr

    31st July, 2009 09:38

    Suzlon Energy is set to announce its Q1FY10 numbers. According to CNBC-TV18 estimates, its net profit is expected to be at Rs 57.6 crore versus loss of Rs 88 crore

  • Adani Power, NHPC IPO to raise close to $1 bn 

    31st July, 2009 09:33

    It all began with Club Mahindra breaking the two-year long dry spell in the equity markets with its Rs 254 crore IPO. The success of this exercise has prompted mor

  • Nifty Open Interest PCR starts at 0.95 

    31st July, 2009 09:24

    Market-wide rollover was seen at 75% versus 77% last series. Nifty Rollover was at 69% versus 63% last series. The Nifty August futures ended with 1-point premium.

  • Oil and Gas may do well: Ajay Jain

    31st July, 2009 09:11

    As per Lt Col Ajay Jain, CEO, www.astromoneyguru.com, 31st day of July 2009 is represented by planet called Rahu and year 2009 is represented by Planet called Moon

  • Attention will now shift to monsoon shortfall: Anand Rathi 

    31st July, 2009 09:07

    The attention will now shift to the monsoon shortfall. The immediate challenge is to break the 4400-4700 range on the Nifty, Ratnesh Kumar of Anand Rathi Financial

  • Rupee opens at Rs 48.22 per dollar

    31st July, 2009 09:01

    The Indian rupee opened at Rs 48.22 per dollar versus Rs 48.35 yesterday.

  • NHPC targets production of 9,500 MW by 2011

    31st July, 2009 08:57

    Hydropower major NHPC will be able to sell 40 per cent of its power on merchant basis by January 2011, when the company achieves the targeted production of 9,500 M

  • ICICI Bank sees huge potential in infrastructure finance

    31st July, 2009 08:53

    ICICI Bank sees a huge opportunity in project and infrastructure finance and mortgage lending, according to its Executive Director, Mr Sonjoy Chatterjee.

  • DLF Q1 nos below estimates, net up 149% to Rs 396 cr QoQ

    31st July, 2009 08:48

    DLF has announced its Q1FY10 numbers. Its net profit surged 148.97% to Rs 396 crore from Rs 159.05 crore, QoQ.

  • Sensex has resistance at 15600-16046: Gaba

    31st July, 2009 08:44

    The support for the Sensex is 15000 and the resistance to the up move is at 15600-16046. The support for the Nifty is at 4500 and the resistance to the up move is

  • Above 4540 Nifty may remain in charge: Bhambwani

    31st July, 2009 08:41

    The outlook for the markets today is that of continued optimism as the overseas seem positive. As long as the Nifty remains above the 4540 levels, the bulls may re

  • Nifty has resistance at 4680-4700: Gujral

    31st July, 2009 08:39

    The market may have positive opening today on account of strong global cues. Nifty has supports at 4480-4500 and resistances are at 4680-4700. Markets are approach

  • F&O cues: Nifty Futures Open Int by Rs 10552 cr

    31st July, 2009 08:37

    F&O cues: Nifty Futures Open Int by Rs 10,552 crore versus Rs 9,069 crore. Stock Futures Open Int Rs 22,135 crore versus Rs 19,861 crore.

  • Crude rebounds 5% to $ 67/bbl; copper at 10-month highs 

    31st July, 2009 08:26

    In commodities, crude rebounded more than 5% to USD 67 a barrel in New York trade. Copper rose most in 2 weeks on improved economic outlook. Copper gains 4% at 10-

  • Indian ADRs: Patni up 20.4%, Sterlite up 5.3%

    31st July, 2009 08:17

    Indian ADRs: Patni, Sterlite, ICICI Bank, Tata Motors, Infosys, Satyam, Wipro, Tata Comm, MTNL and Dr Reddys gained.

  • US markets hit 9-mth high; Nasdaq tests 2000 since October

    31st July, 2009 08:11

    The US markets rallied, logging the highest close. It was the highest close for the Dow and S&P since November, and for the Nasdaq, since October.

  • FIIs net buy Rs 366.81 cr in equities on July 30 (prov) 

    31st July, 2009 08:01

    The Indian markets closed at day's high and closed July series with a 8% gain. FIIs were net buyers to the tune of Rs 366.81 crore while DIIs net sold Rs 286.67 cr

  • India Foils Q1 net loss at Rs 1 cr

    31st July, 2009 07:55

    India Foils has come out with Q1FY10 numbers. It has reported net loss of Rs 1 crore versus net loss of Rs 96 lakh, YoY.

  • Polaris Q1 net profit at Rs 31.83 cr

    31st July, 2009 07:17

    Polaris Software has announced its Q1FY10 numbers. Its net profit was flat at Rs 31.83 crore as against Rs 32 crore, QoQ.

  • NAVs advance sharply as mkts end strong

    31st July, 2009 00:40

    As the Nifty ended the July series on a strong note and closed above the 4550 level, equity diversified NAVs advanced sharply with advance:decline ratio of 235:9.

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