Moneycontrol News Archive

NAVs advance sharply as mkts surge for 2nd straight day

10th June, 2009 23:48

Equity diversified NAVs closed sharply higher with advance:decline ratio of 242:6, as the benchmark indices staged spectacular performance for the second consecuti

Expert take: How govt can help boost affordable housing 

10th June, 2009 21:18

In a discussion with CNBC-TV18, Kumar Gera of Gera Developers and President of realty body Confederation of Real Estate Developers Association of India (Credai) an

QIPs a quicker, cheaper route to raise capital: Experts 

10th June, 2009 20:31

R Balachander, Ernst & Young QIPs are a quicker way to raise capital. He added that it was the perfect time for QIPs as there is a huge pent up demand for capital

Mkt rally backed by largecaps, +ve global cues 

10th June, 2009 19:58

A great follow up to yesterday’s rally, the Nifty jumped another 100 points, takes out the jinx of 4,600 and closes at 4,650. Largecap rallied today, with index st

US markets open higher; Dow up 62 points

10th June, 2009 19:08

At 19.05 hrs (IST)- The US markets opened higher. The Dow Jones Industrial Average was up 61.82 points, or 0.71%, to 8,826.31. The Nasdaq was up 8.98 points, or 0.

Buy Dewan Housing Fin, target of Rs 205: Motilal Oswal

10th June, 2009 18:48

Motilal Oswal has maintained its buy rating on Dewan Housing Finance Corporation with a target price of Rs 205. DHFL has been amongst the fastest growing HFC in th

Reduce Cummins India, target of Rs 237: Reliance Money

10th June, 2009 18:26

Reliance Money has assigned a reduce rating on Cummins India with a price target of Rs 237. Cummins India's comparable Q4FY09 net revenue and net profit reported d

A Raja calls PM: Five-year STPI extension on cards? 

10th June, 2009 18:19

The IT & Communications Ministry is learned to be pushing for quick decisions on pending policy matters. A Raja called on the Prime Minister Manmohan Singh earlier

Crude has immediate resistance at $73-75/bbl 

10th June, 2009 18:14

The hurricane, geopolitical concerns, US driving season all had a positive influence on the crude prices. The markets put an immediate resistance around USD 73-75

Buy Sun Pharma, target of Rs 1580: Bonanza

10th June, 2009 18:00

Bonanza has recommended a buy rating on Sun Pharmaceutical Industries with a target price of Rs 1580. Sun Pharma posted net sales for the quarter ended March'09 on

Rupee has support at 46.9-47/$: Commtrendz

10th June, 2009 17:48

According to Commtrendz Research's report on Indian Rupee, immediate supports are at 46.9-47 followed by 46.60-46.7. Immediate resistance falls around 47.60-47.7 f

IOB to meet on Jun 15 to decide on rate cuts  

10th June, 2009 17:43

SA Bhat, CMD, Indian Overseas Bank said that the bank’s ALCO (Asset Liability Committee) would meet on June 15 and have a re-look at the bank’s cost structure and

CV segment to pick up by Q3 this year: ANG Auto 

10th June, 2009 17:33

Premjit Singh, MD of ANG Auto said that the company was hit badly in the last two quarters but he expected the commercial vehicle segment to pick up by the third q

Buy crude around Rs 3,350-3,330/bbl: Motilal Oswal 

10th June, 2009 17:21

Kuljeet Kataria, Motilal Oswal Securities said, crude oil prices are running at seven-month highs on the back of declining dollar and economic optimism. “I think,

Instanex FII Index up 1.94%

10th June, 2009 16:59

FIIs did not seem to be major buyers of Indian shares today. At close, the Instanex FII Index was up 1.94%% at 327.65 (+1.91% at 3 pm) while the Instanex DII 15 po