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Moneycontrol News Archive : 15 June, 2009

  • What's hot, what's not with mutual funds?

    15th June, 2009 22:44

    Mutual funds bought PTC India, Reliance Petroleum and Cairn India in a big way in May, 2009 while Indian Overseas Bank, Marico and Idea Cellular were the top sell.

  • Clarity necessary for ADAG to set up UMPPs: RNRL Counsel 

    15th June, 2009 21:19

    Commenting on the outcome of the case, Mukul Rohatgi, Counsel for RNRL, said, ďSince the last four years, RIL had been dodging us and not giving the due share to t

  • Exemption limit for salaried class to be raised to Rs 1.5L 

    15th June, 2009 20:16

    Sources inform CNBC-TV18, the Congress-led United Progressive Alliance (UPA) government may increase exemption limit under Sec 80 C of the Income Tax Act in the fo

  • Markets end weak: Sharekhan

    15th June, 2009 19:34

    According to Sharekhan's report, the slide in the domestic stock market continued for the third straight session, with the index erasing gains of nearly 30 points

  • US markets open weak; Dow down 120 points

    15th June, 2009 19:08

    At 19.03 hrs (IST)- The US markets opened weak. The Dow Jones Industrial Average was down 120.09 points, or 1.36%, to 8,679.17. The Nasdaq was down 26.68 points, o

  • Bond market outlook still bearish 

    15th June, 2009 18:51

    Rupee has had a rough ride off. The dollar has been strengthening globally against most major currencies against a lot of Asian currencies. On the comments that th

  • TCS, Tata Steel report poor advanced tax numbers 

    15th June, 2009 18:28

    Advance tax numbers for the first quarter have started trickling in. CNBC-TV18 reports that the initial trends show that the big boys like Tata Consultancy Service

  • Buy Ratnamani Metals, target of Rs 118: Sharekhan

    15th June, 2009 18:10

    Sharekhan has maintained its buy rating on Ratnamani Metals and Tubes with a target price of Rs 118. The key risk to the research firm's call would be a significan

  • Rupee ends lower, bonds higher

    15th June, 2009 17:45

    Indian rupee ended off lows as exporters sold dollars and banks booked profits. But, weakshares and dollar's rise overseas kept sentiment down for rupee. The spot

  • April IIP analysed: Has industry really turned the corner? 

    15th June, 2009 17:36

    The big news of the week for the economy was the April industrial output number and it was good news. Not only did industrial contraction stop in April, there is a

  • No upside in RNRL beyond Rs 100: Tulsian 

    15th June, 2009 17:30

    Investment Advisor SP Tulsian is of the view that there will not be any upside in Reliance Natural Resources, RNRL beyond Rs 100.

  • Unplugged: Salman Khan on life, movies, et al 

    15th June, 2009 17:20

    Out on television, connecting directly with fans, film star Salman Khan is easy in his skin.

  • Buy Balrampur Chini, Bajaj Hind on decline: Bhambwani 

    15th June, 2009 17:15

    Technical Analyst, Vijay Bhambwani is of the view that one can buy Balrampur Chini and Bajaj Hindustan on decline for medium to long term.

  • City Union Bank an underperformer: Karvy Stock Broking

    15th June, 2009 17:00

    Karvy Stock Broking has downgraded its rating on City Union Bank with a price target of Rs 13. In Q4FY09, City Union Bank (CUB) reported 12% growth (Y/Y) in net in

  • Above Rs 124, RNRL can go upto Rs 132: Bhambwani 

    15th June, 2009 16:59

    Technical Analyst, Vijay Bhambwani is of the view that above Rs 124, Reliance Natural Resources, RNRL can go upto Rs 132, where one should book profit.

  • How should the new govt tackle diplomatic challenges? 

    15th June, 2009 16:52

    The new government takes over at a time when there are several challenges on the diplomatic horizon. Pakistan is an old and difficult one but handling the Obama re

  • Looking at lifting export ban on wheat, rice: Commerce Secy

    15th June, 2009 16:44

    Commerce Secretary Rahul Khullar has said that they are actively looking at lifting the export ban on wheat and rice. He added that India's export scenario remains

  • RNRL windfall: Questions remain 

    15th June, 2009 16:23

    They key issue in the document is: what happens to the gas if it cannot trade with the gas? If RNRL is allowed to trade or has any mechanism of taking profit, then

  • Will seek shareholders' QIP approval on June 17: HDIL 

    15th June, 2009 15:59

    Sarang Wadhawan, Managing Director, HDIL, said the board has passed an enabling resolution of up to USD 600 million and that they will take the QIP proposal in fro

  • CNBC-TV18 analysis: Implications of HC's RIL-RNRL verdict 

    15th June, 2009 15:49

    The Bombay High Court has upheld the maintainability of RNRL plea in the RIL-RNRL gas tussle, which legally basically means that RNRL has won the case. CNBC-TV18ís

  • India on the rocks

    15th June, 2009 15:41

    If you want India on the rocks, you better take it bottomsí up. After all, India is being touted as one of the few economies which would continue to grow, when the

  • GMR Infra's QIP hits roadblock, may get delayed 

    15th June, 2009 15:31

    Investment bankers have informed CNBC-TV18, that the GMR Infrastructure qualified institutional placement (QIP) may have a relook in terms of timing. It might even

  • Buy Sesa Goa: Motilal Oswal

    15th June, 2009 15:29

    Motilal Oswal is bullish on Sesa Goa and has maintained its buy rating on the stock. Iron ore production is expected to increase by 60% (including VSD) to 24 milli

  • Asian markets end lower; Hang Seng down 390 points

    15th June, 2009 15:19

    Asian markets ended lower. Hong Kong's Hang Seng plunged 2.07% or 390.72 points at 18,498.96. Japan's Nikkei dropped 0.95% or 96.15 points at 10,039.67. Singapore'

  • HDIL may slip to Rs 220: Bose 

    15th June, 2009 15:17

    Technical Analyst, Rajat K Bose is of the view that Housing Development and Infrastructure (HDIL) can slip to Rs 220.

  • Call writing shifts from 4700 to 4600 

    15th June, 2009 15:09

    The Call writing earlier happening at 4700 came down to 4600. Even some of the call writing started at 4500, so that fatigue was there around 4650-4700. Reliance N

  • ICICI Pru Growth Plan and Discovery Fund declares dividend

    15th June, 2009 15:02

    ICICI Prudential Mutual Fund has announced a dividend in ICICI Prudential Growth Plan and ICICI Prudential Discovery Fund, for which the record date has been fixed

  • RIL's slide pulls Nifty below 4500 mark 

    15th June, 2009 15:00

    It was a tough day for the market. Reliance Industries weighed very heavily on the marketís back. Therefore the Sensex was below 15,000 and the NIfty was below 4,5

  • HC's ruling on RIL-RNRL case to halve RIL's realizations 

    15th June, 2009 14:58

    Bombay High Court ruled in favour of RNRL in RIL-RNRL gas case. USD 2.34 mbtu means realizations go down by half but if the government insists that Reliance should

  • Larsen and Toubro extends losses

    15th June, 2009 14:50

    Larsen and Toubro touched an intraday high of Rs 1,585 and an intraday low of Rs 1,501.90. At 2:47 pm, the share was quoting at Rs 1,510, down Rs 72.45, or 4.58%.

  • Reliance Infrastructure saors high

    15th June, 2009 14:36

    Reliance Infrastructure touched an intraday high of Rs 1,245 and an intraday low of Rs 1,149.10. At 2:33 pm, the share was quoting at Rs 1,230.10, up Rs 51.05, or

  • Principal Emerging Bluechip Fund declares maiden dividend

    15th June, 2009 14:29

    Principal Emerging Bluechip Fund has declared a dividend of 40%, for which the record date is June 19, 2009.

  • RNRL case win to benefit Rel Power too: Tulsian  

    15th June, 2009 14:24

    Commenting on the verdict, SP Tulsian of sptulsian.com said that the judgment would lead to Reliance Industries to suffer losses to the tune of Rs 3,600 crores. He

  • Instanex FII Index down 1.88%

    15th June, 2009 14:09

    At 2 pm, the Instanex FII Index was down 1.88% at 316.50 (-1.43% at 1 pm) and the Instanex DII 15 portfolio was down 1.80% (-1.28% at 1 pm).

  • PVR puts on a poor show

    15th June, 2009 14:07

    PVR touched an intraday high of Rs 118.90 and an intraday low of Rs 111.75. At 2:03 pm, the share was quoting at Rs 112.90, down Rs 4.55, or 3.87%. It was trading

  • DSP BlackRock India T.I.G.E.R. Fund declares 20% dividend

    15th June, 2009 14:00

    DSP BlackRock India T.I.G.E.R. Fund has declared a dividend of 20%, for which the record date has been fixed as June 19, 2009.

  • Guj NRE Coke loses further ground

    15th June, 2009 13:53

    Gujarat NRE Coke touched an intraday high of Rs 51.50 and an intraday low of Rs 49. At 1:50 pm, the share was quoting at Rs 49.05, down Rs 2.2, or 4.29%. It was tr

  • Instanex FII Index down 1.43%

    15th June, 2009 13:42

    At 1 pm, the Instanex FII Index was down 1.43% at 317.93 (-1.37% at 12 noon) and the Instanex DII 15 portfolio was down 1.28% (-1.14% at 12 noon).

  • ONGC among major gainers

    15th June, 2009 13:25

    At 1:21 pm, ONGC was among major gainers on the Sensex. It touched an intraday high of Rs 1,167 and an intraday low of Rs 1,093.50. The share was quoting at Rs 1,1

  • Unitech makes a smart gain

    15th June, 2009 13:18

    Unitech touched an intraday high of Rs 90.20 and an intraday low of Rs 84.25. At 1:15 pm, the share was quoting at Rs 88.95, up Rs 2.75, or 3.19%. It was trading w

  • Indiabulls Securities makes smart gain

    15th June, 2009 13:05

    Indiabulls Securities touched an intraday high of Rs 49.80 and an intraday low of Rs 45.15. At 1:01 pm, the share was quoting at Rs 48.60, up Rs 2, or 4.29%. It wa

  • Jai Corp locked at 5% upper circuit

    15th June, 2009 12:58

    Jai Corp was locked at 5% upper circuit. It touched an intraday high of Rs 284.30 and an intraday low of Rs 257.30. At 12:55 pm, the share was quoting at Rs 284.30

  • Bajaj Hindusthan loses its sweetness

    15th June, 2009 12:53

    Bajaj Hindusthan touched an intraday high of Rs 223.80 and an intraday low of Rs 209. At 12:51 pm, the share was quoting at Rs 209.60, down Rs 12.2, or 5.5%. It wa

  • S Kumars Nation declines sharply

    15th June, 2009 12:47

    S Kumars Nationwide touched an intraday high of Rs 53 and an intraday low of Rs 51. At 12:43 pm, the share was quoting at Rs 51.70, down Rs 2.1, or 3.9%. It was tr

  • Welspun Guj trips on selling pressure

    15th June, 2009 12:43

    Welspun Gujarat Stahl Roh touched an intraday high of Rs 228.45 and an intraday low of Rs 215.65. At 12:40 pm, the share was quoting at Rs 217.75, down Rs 11.45, o

  • Tata Motors slips further

    15th June, 2009 12:26

    Tata Motors touched an intraday high of Rs 354 and an intraday low of Rs 335.25. At 12:22 pm, the share was quoting at Rs 341.65, down Rs 15, or 4.21%. It was trad

  • Expect 20-30% upside in base metal: Atul Suri 

    15th June, 2009 12:11

    Atul Suri, Technical Analyst and Trader is of the view that one can expect 20-30% upside in base metal.

  • GMR Infrastructure declines 5%

    15th June, 2009 11:51

    GMR Infrastructure touched an intraday high of Rs 158 and an intraday low of Rs 151.05. At 11:48 am, the share was quoting at Rs 151.15, down Rs 8, or 5.03%. It wa

  • Mkts lose ground again; RIL, RPL slip 5%, Rel Power up 6%

    15th June, 2009 11:47

    At 11:43 hours IST, the markets were trading lower majorly because of Reliance Industries (RIL) and Reliance Petroleum. The Bombay High Court on Monday upheld the

  • See rupee at 44/$ by year end: JPMorgan 

    15th June, 2009 11:43

    Speaking on the Indian rupee, Claudio Piron said, ďWe view rupee favourably post elections and consequent to equity rally. The rupee is seen at Rs 44 per dollar la

  • RPL takes a dip

    15th June, 2009 11:38

    RPL touched an intraday high of Rs 147 and an intraday low of Rs 139. At 11:35 am, the share was quoting at Rs 140.30, down Rs 6.65, or 4.53%. It was trading with

  • Suzlon in talks to sell Hansen stake, stock up

    15th June, 2009 11:30

    Suzlon Energy touched an intraday high of Rs 124.40 and an intraday low of Rs 117. At 11:26 am, the share was quoting at Rs 122.75, up Rs 3.80, or 3.19%. The compa

  • NTPC flares up

    15th June, 2009 11:25

    NTPC touched an intraday high of Rs 231.90 and an intraday low of Rs 216.75. At 11:23 am, the share was quoting at Rs 229.60, up Rs 8.10, or 3.66%. It was trading

  • High court rules in favour of RNRL; stock up 18%

    15th June, 2009 11:17

    In RNRL-RIL case, Bombay High Court (HC) ruled in favour of RNRL. RNRL will get assured supply of 28 mmscmd. Reliance Industries was down 3%. However, RNRL shot up

  • Instanex FII Index up just 0.12%

    15th June, 2009 11:16

    At 11 am, the Instanex FII Index was up 0.12% at 322.94 (-0.81% at 10 am) and the Instanex DII 15 portfolio was up 0.25% (-0.96% at 10 am).

  • Technology stocks may revive first: R Agrawal 

    15th June, 2009 11:08

    Raamdeo Agrawal, Director and Co Founder of Motilal Oswal Securities feels that technology segment is going to see much earlier revival then many other conventiona

  • Mkts choppy post recovery; banks, cement support

    15th June, 2009 11:05

    At 11:02 hours IST, the markets showed smart recovery from their day's low and were trading with some volatility. Banking, realty, cement and select power stocks a

  • FM to present Union Budget on July 6, not July 3

    15th June, 2009 10:54

    Finance Minister Pranab Mukherjee would present the Union Budget on July 6 -- and not July 3, as was reported earlier -- the Parliamentary Affairs Ministry said to

  • Motilal Oswal positive on Sterlite Industries

    15th June, 2009 10:44

    Raamdeo Agrawal, Director and Co Founder of Motilal Oswal Securities is positive on Sterlite Industries.

  • Sell Soyabean NCDEX July Fut at Rs 2634: Hem

    15th June, 2009 10:34

    Hem Securities has recommended to sell Soyabean NCDEX July Future at Rs 2634 with a stoploss of Rs 2665 and a target of Rs 2591.

  • Instanex FII Index down 0.81%

    15th June, 2009 10:30

    At 10 am, the Instanex FII Index was down 0.81% at 319.95 and the Instanex DII 15 portfolio was down 0.96%. Sensex and Nifty were down 1.21%.

  • Bajaj Holdings to issue convertible warrants; stk down

    15th June, 2009 10:18

    Bajaj Holdings & Investment touched an intraday high of Rs 462 and an intraday low of Rs 446.60. At 10:13 am, the share was quoting at Rs 447.10, down Rs 14.45, or

  • Tech Mahindra continues to fall

    15th June, 2009 10:12

    Tech Mahindra has continued to fall. It touched an intraday high of Rs 711 and an intraday low of Rs 683. At 10:09 am, the share was quoting at Rs 691.10, down Rs

  • SBI reduces deposit rates by 25 bps; stk gains

    15th June, 2009 10:07

    SBI touched an intraday high of Rs 1,645 and an intraday low of Rs 1,610. At 10:05 am, the share was quoting at Rs 1,644.70, up Rs 10.10, or 0.62% on the NSE. The

  • Larsen plans to end insurance JV with Travellers; stk down

    15th June, 2009 10:00

    Larsen and Toubro touched an intraday high of Rs 1,579.90 and an intraday low of Rs 1,540. At 09:59 am, the share was quoting at Rs 1,548, down Rs 33.8, or 2.14% o

  • Sensex may test 15060-14940: Angel

    15th June, 2009 09:51

    According to Angel Broking's Technical Analysis report, on the downside, if indices trades below 15174 / 4566 levels then it may test 15060 Ė 14940 / 4530 Ė 4490 l

  • Mkts slip on weak Asian cues; metals, infrastructure down

    15th June, 2009 09:50

    The markets opened on a weak note following negative Asian cues and continued to witness profit booking. Metal, realty, capital goods and auto stocks were under pr

  • High valuations fuelling profit booking: Raamdeo Agrawal  

    15th June, 2009 09:42

    Raamdeo Agarwal of Motilal Oswal said there was a genral feeling of caution in the market, hence people are now encouraged to book profits due to stretched valuati

  • Be careful while buying Sesa Goa: Udayan Mukherjee 

    15th June, 2009 09:40

    Sesa Goa bought Dempo's Goa mining assets for Rs 1750 crore. Udayan said it was a good deal but the current price captures a whole lot of it. And as the stock move

  • Support for Nifty exists at 4550: Nirmal Bang

    15th June, 2009 09:40

    According to Nirmal Bang's report, for today, intra-day support for nifty exits at 4550, a trade below 4550 can bring pressure into the system. Resistance is place

  • Re has settled into 47-48 range in short term:IndusInd Bank

    15th June, 2009 09:35

    According to Mr. J. Moses Harding, Head Global Markets Group, IndusInd Bank, Rupee has nicely settled into 47-48 in the short term with demand for forward dollars

  • Nifty has strong support at 4580-4550: FinQuest Sec

    15th June, 2009 09:18

    According to FinQuest Securities' report, Nifty is currently testing strong support zone at 4580-4550.

  • Expect negative opening: Karvy

    15th June, 2009 09:13

    According to Karvy Stock Broking's Technical Analysis report, domestic markets are likely to open on negative note following the flattish global indices.

  • Rupee opens at Rs 47.71 per dollar

    15th June, 2009 09:07

    The Indian rupee opened at Rs 47.71 per dollar versus Rs 47.61 per dollar on Friday.

  • Mkts may see consolidation 

    15th June, 2009 09:02

    Midcaps lost their way and the Nifty too struggled around the 4,650 mark. These may either lead to some amount of correction or some consolidation in the market.

  • Nifty to remain ranged between 4,500-4,700: Karun Mutha 

    15th June, 2009 09:00

    Karun Mutha of Investsmart expects the Nifty to remain ranged between 4,500-4,700; where we have seen significant Option build-ups.

  • Rupee likely to be weak: Greenback Forex

    15th June, 2009 08:55

    According to Manis Thanawala, Greenback Forex, the rupee is likely to be weak on stronger dollar and Asian market weakness. The range for the rupee is seen between

  • Air India to delay salary payment

    15th June, 2009 08:42

    The financial woes affecting the airline industry have now reached the employees of the State-owned Air India. The carrier is to delay payment of salaries and prod

  • Fund Action witnessed in Maytas Infra, Alchemist Realty

    15th June, 2009 08:37

    Fund Action witnessed in Maytas Infra, Alchemist Realty, Deep Industry and K Sera Sera.

  • Market cues: MFs net buy Rs 299 cr

    15th June, 2009 08:30

    Market cues: MFs net buy Rs 299 crore in equities on June 11. NSE F&O Open Int down by Rs 372 crore at Rs 81,369 crore.

  • Exhaustion a higher levels: Vasudeo

    15th June, 2009 08:26

    A sideways corrective move is possible is the near term unless the breakout levels for BSE Small Cap and BSE Mid Cap indices are witnessed. The frontline index mig

  • Support for Nifty at 4450: Gaba

    15th June, 2009 08:23

    The crucial support for the Sensex is at 15000 and resistance to the up move is at 15440-16046. The crucial support for the Nifty on the way down is at 4450 and re

  • US export prices rise 0.6% in May

    15th June, 2009 08:20

    Reuters/University of Michigan gauge of consumer confidence rose to 69 in June from 68.7 at the end of May; economists expected reading of 69.5. US export prices r

  • Nifty has support at 4500-4550: Gujral

    15th June, 2009 08:12

    The market may have flat to positive opening today. Nifty has supports at 4500-4550 and resistances are at 4650-4700. Nifty is expected trade in a broad range of 4

  • Asia trading lower; Hang Seng, Nikkei down

    15th June, 2009 08:09

    At 8: 05 am (IST), Asian markets were trading lower. Hong Kong's Hang Seng was down 0.51% or 96.72 points at 18,792.96. Japan's Nikkei declined 0.67% or 67.79 poin

  • Crude shock: Jet Airways says fare hike is inevitable  

    15th June, 2009 21:32

    Saroj Datta, Executive Director, Jet Airways, said sooner or later the increase in fuel prices will have to be passed on either as a hike in fares or as a fuel sur

  • Donít see Nifty below 4400-4500 levels 

    15th June, 2009 20:30

    Udayan Mukherjee, Stocks Editor, CNBC-TV18, does not expect the market to fall below 4,400-4,500. He expects it to bounce back from current levels.

  • FIIs net buy Rs 518.70 cr in equities on June 12

    15th June, 2009 19:41

    On June 12, 2009, foreign institutional investors (FIIs) were net buyers to the tune of Rs 518.70 crore in equities. They made gross purchase of Rs 2931.90 crore a

  • Hold Reliance, target of Rs 2250: KRChoksey

    15th June, 2009 19:14

    KRChoksey has recommended a hold rating on Reliance Industries with a target of Rs 2250. The research firm expects RIL stock to outperform the market in any meanin

  • Rupee has support at 47.40-47.50/$: Commtrendz

    15th June, 2009 19:00

    According to Commtrendz Research's report on Indian Rupee, immediate supports are at 47.40-47.50 followed by 47-47.1. Immediate resistance falls around 48-48.1 fol

  • See volatile mkts with downward bias till Budget: Centrum 

    15th June, 2009 18:49

    R Amarnath, ED-Corporate Solutions, Centrum, said the market had to correct and the Bombay High Court ruling just provided the right trigger. He feels the market c

  • Buy Tata Tea, target of Rs 939: Sharekhan

    15th June, 2009 18:20

    Sharekhan has maintained its buy rating on Tata Tea with a target price of Rs 939. The research firm believes with a net cash of Rs 755 crore, the company is in go

  • Franchising formulas and strategies: The basics explained 

    15th June, 2009 18:01

    Franchising: It is a great way of scaling up your business without scaling up your costs. Magical methods is Indiaís first and only Vedic math institute Ė but does

  • Revealed: All you want to know about photography 

    15th June, 2009 17:38

    Tech Toyz is the first choice and the last word when it comes to gizmos, gadgets, and consumer technology. Loaded with entertainment, the show features reviews min

  • Crude may go up to $67.3/bbl: Safetrade Advisors 

    15th June, 2009 17:35

    N Prasad, Chief Executive Officer, Safetrade Advisors said that the surge in crude prices was due to weakness in dollar. Crude could correct even up to USD 67.3 pe

  • Limited downside in Nalco, Hindalco: Tulsian 

    15th June, 2009 17:26

    Investment Advisor SP Tulsian is of the view that there is a limited downside in Nalco, Hindalco and Sterlite from current level.

  • Things to remember before buying insurance  

    15th June, 2009 17:15

    Over these weeks we have told you about different insurance products. How to assess your insurance but this time we will be telling you what you should keep in min

  • Instanex FII Index down 1.96%

    15th June, 2009 17:13

    FIIs did not seem to be major sellers of Indian shares today. At close, the Instanex FII Index was down 1.96%% at 316.24 (-2.34% at 3 pm) while the Instanex DII 15

  • Accumulate Reliance, target of Rs 2375: Angel

    15th June, 2009 17:00

    Angel Broking has maintained its accumulate rating on Reliance Industries, with price target of Rs 2375. As the verdict is provided by the High Court, the probabil

  • RNRL adds 96 lakh shares in OI 

    15th June, 2009 16:54

    The NSE F&O turnover stood at Rs 69,000 crore. Reliance Natural Resources (RNRL) surged about 25% in the spot market with a favourable announcement. It added nearl

  • Reliance bullish only above Rs 2365: Bhambwani 

    15th June, 2009 16:45

    Technical Analyst, Vijay Bhambwani is of the view that Reliance is bullish only above Rs 2365.

  • Prithvi Info refutes Deutsche Bank's embezzlement charges 

    15th June, 2009 16:42

    Deutsche bank has alleged that the promoters of Prithvi Information Solutions, a Hyderabad based global provider of IT consulting and engineering solutions committ

  • NHPC IPO in next 3-4 months: Sushil Kumar Shinde 

    15th June, 2009 16:02

    Power Minister Sushil Kumar Shinde said gas prices will fluctuate based on spot market rates. He stated that USD 2.34 per mmbtu (million British thermal unit) pric

  • Accumulate Sesa Goa; target of Rs 232: Angel Broking

    15th June, 2009 15:54

    Angel Broking has upgraded its rating on Sesa Goa from neutral to accumulate with a target price of Rs 232. The company has acquired the Goa-based Iron ore mining

  • See upside in Bajaj Electricals: G Shah 

    15th June, 2009 15:48

    Gaurang Shah, Geojit BNP Paribas Financial Services is of the view that with the kind of potential of Commonwealth Games that will unfold in times to come and also

  • HC verdict against RIL, -ve global cues spook mkts

    15th June, 2009 15:37

    The benchmark indices took a big knock today due to huge sell-off in heavyweight Reliance Industries (RIL). The Bombay High Court on Monday upheld the maintainabil

  • Sundaram CAPEX Opportunities Fund declares 20% dividend

    15th June, 2009 15:30

    Sundaram BNP CAPEX Opportunities Fund has declared a dividend of 20%, the record date for the dividend is June 19 2009.

  • RIL-RNRL verdict won't impact fertilser cos 

    15th June, 2009 15:29

    The Bombay High Court has ruled in favour of Reliance Natural Resources (RNRL) in the Reliance Industries (RIL)-RNRL gas tussle case. Fertilizer companies clarifie

  • RIL-RNRL gas verdict: RCF sees no immediate impact 

    15th June, 2009 15:18

    The Bombay HC today upheld the maintainability of RNRLí plea over the KG basin gas. It asked RIL to supply gas to the latter to the tune of 28 mmscmd for 17 years

  • Instanex FII Index down 2.34%

    15th June, 2009 15:10

    At 3 pm, the Instanex FII Index was down 2.34% at 315 (-1.88% at 2 pm) and the Instanex DII 15 portfolio was down 2.56% (-1.80% at 2 pm).

  • Siemens continues to slide

    15th June, 2009 15:04

    Siemens touched an intraday high of Rs 509 and an intraday low of Rs 480. At 2:57 pm, the share was quoting at Rs 481.10, down Rs 20.05, or 4%. It was trading with

  • McLeod Russel can test Rs 164-180: Bose 

    15th June, 2009 15:01

    Technical Analyst, Rajat K Bose is of the view that in medium to long term McLeod Russel can test Rs 164-180.

  • Hindustan Zinc can test Rs 860-900: Bose 

    15th June, 2009 15:00

    Technical Analyst, Rajat K Bose is of the view that once Hindustan Zinc crosses the Rs 705 to about Rs 724 it can move up to Rs 860 to Rs 900. Its chart is very st

  • SAIL loses further ground

    15th June, 2009 14:55

    SAIL touched an intraday high of Rs 171.40 and an intraday low of Rs 160.65. At 2:51 pm, the share was quoting at Rs 162.35, down Rs 7.65, or 4.5%. It was trading

  • Triveni Engineering continues to fall

    15th June, 2009 14:41

    Triveni Engineering has continued to fall. It touched an intraday high of Rs 98.50 and an intraday low of Rs 93.30. At 2:38 pm, the share was quoting at Rs 93.65,

  • Nifty breaks 4500; RIL, Sterlite, RPL, L&T, SAIL down 4-8%

    15th June, 2009 14:34

    At 14.24 hrs IST - the markets slipped further as sell-off continues in oil & gas, capital goods, auto and metals stocks. The Nifty has tested the 4500 on the down

  • Punjab National Bank minting money

    15th June, 2009 14:24

    PNB touched an intraday high of Rs 617.90 and an intraday low of Rs 583. At 2:22 pm, the share was quoting at Rs 613.50, up Rs 20.50, or 3.46%. It was trading with

  • Punj Lloyd recoups losses

    15th June, 2009 14:20

    Punj Lloyd touched an intraday high of Rs 214 and an intraday low of Rs 203.50. At 2:17 pm, the share was quoting at Rs 205, down Rs 7.5, or 3.53%. It was trading

  • Tata Steel melts down 4%

    15th June, 2009 14:09

    Tata Steel touched an intraday high of Rs 464.80 and an intraday low of Rs 436.35. At 2:06 pm, the share was quoting at Rs 437.95, down Rs 17.85, or 3.92%. It was

  • Market outlook, trading ideas for this week

    15th June, 2009 14:02

    Udayan Mukherjee, Managing Editor, CNBC TV18, said it wasnít a great closing for the week. Post making an attempt to peak at 4,650 points, where it closed, it went

  • Mahindra and Mahindra slips 4%

    15th June, 2009 13:58

    Mahindra and Mahindra touched an intraday high of Rs 775 and an intraday low of Rs 748. At 1:55 pm, the share was quoting at Rs 751.60, down Rs 31.7, or 4.05%. It

  • Mkts slip further; oil, cap goods, metal, auto indices lose

    15th June, 2009 13:45

    At 13.46 hrs IST, Markets continue to trade weak. Oil & gas, capital goods, auto and metals stocks were witnessing heavy selling pressure. Stocks like Reliance, In

  • Hindalco in talks with lenders to recast bank pact, stk dwn

    15th June, 2009 13:41

    Hindalco Industries touched an intraday high of Rs 101.70 and an intraday low of Rs 95. At 13:38 pm the share was quoting at Rs 97.50, down Rs 2.95, or 2.94%. The

  • Axis Bank back on track

    15th June, 2009 13:21

    Axis Bank touched an intraday high of Rs 736.60 and an intraday low of Rs 688. At 1:20 pm, the share was quoting at Rs 728.25, up Rs 24.50, or 3.48%. It was tradin

  • See more fiscal stimulus for auto industry: M&M 

    15th June, 2009 13:07

    Finance Minister Pranab Mukherjee would present the Union Budget on July 6. Presenting his wish list, Pawan Goenka, President of the Automotive Sector at Mahindra

  • GAIL India slips further

    15th June, 2009 13:00

    GAIL India touched an intraday high of Rs 288 and an intraday low of Rs 278. At 1:03 pm, the share was quoting at Rs 278.15, down Rs 8.85, or 3.08%. It was trading

  • Sensex tests 15K; RIL, RPL, Sterlite, L&T, Infy, Bharti dip

    15th June, 2009 12:57

    At 12:49 hours IST - the benchmark indices extended losses as Reliance Industries, Reliance Petroleum, Bharti, Infosys and ICICI Bank were under pressure. Among th

  • European markets trading weak; CAC, DAX down

    15th June, 2009 12:48

    At 12:44 pm (IST), European markets were trading weak. CAC 40 was down 1.255 or 41.47 points at 3,284.67. DAX fell 0.85% or 43.29 points at 5,025.95. FTSE 100 shed

  • Instanex FII Index down 1.37%

    15th June, 2009 12:46

    At 12 noon, the Instanex FII Index was down 1.37% at 318.12 (+0.12% at 11 am) and the Instanex DII 15 portfolio was down 1.14% (+0.25% at 11 am).

  • Nagarjuna Const revokes pledge of 74.5 lakh shrs, stk up

    15th June, 2009 12:34

    Nagarjuna Construction Company touched an intraday high of Rs 139.90 and an intraday low of Rs 131. At 12:29 pm, the share was quoting at Rs 137, up Rs 1.75, or 1.

  • Ranbaxy Lab in good health

    15th June, 2009 12:18

    Ranbaxy Laboratories touched an intraday high of Rs 293.50 and an intraday low of Rs 274. At 12:14 pm, the share was quoting at Rs 291.10, up Rs 8.80, or 3.12%. It

  • TCS eyes $200 mn BPO deal, stock gains

    15th June, 2009 12:01

    TCS touched an intraday high of Rs 784 and an intraday low of Rs 764. At 11:57 am, the share was quoting at Rs 780, up Rs 15.55, or 2.03%. The company is eying USD

  • Tata Power among major losers

    15th June, 2009 11:49

    At 11:44 am, Tata Power Company was among major losers on the Sensex. It touched an intraday high of Rs 1,172.50 and an intraday low of Rs 1,118.30. The share was

  • GVK Power loses further ground

    15th June, 2009 11:44

    GVK Power & Infrastructure touched an intraday high of Rs 42.65 and an intraday low of Rs 40.05. At 11:41 am, the share was quoting at Rs 40.40, down Rs 1.75, or 4

  • Reliance Power touches 52-week high

    15th June, 2009 11:42

    At 11:41 am, Reliance Power touched a 52-week high of Rs 210. The share was quoting at Rs 203.35, up Rs 10.95, or 5.69% on the NSE. It was trading with volumes of

  • Stay away from metal space: Sukhani 

    15th June, 2009 11:36

    Technical Analyst, Sudarshan Sukhani is of the view that one should stay away from metal space.

  • Remain invested in L&T: R Agrawal 

    15th June, 2009 11:27

    Raamdeo Agrawal, Director and Co Founder of Motilal Oswal Securities is of the view that one can remain invested in L&T at this price.

  • Idea a better bet than Bharti Airtel: Sukhani 

    15th June, 2009 11:22

    Technical Analyst, Sudarshan Sukhani is of the view that Idea Cellular is a better opportunity than Bharti Airtel. Idea Cellular has a good chart; itís out perform

  • Buy ABB, Thermax on dip: Sukhani 

    15th June, 2009 11:17

    Technical Analyst, Sudarshan Sukhani is of the view that investors and traders can buy ABB and Thermax on dip.

  • Ambani gas case: HC rules in RNRL's favour 

    15th June, 2009 11:16

    the Bombay High Court on Monday upheld the maintainability of RNRL's plea and asked RIL to supply gas to the latter to the tune of 28 mmscmd for 17 years at a pric

  • Have access to $2bn of long-term funding: Indiabulls Fin 

    15th June, 2009 11:07

    Gagan Banga, Director and CEO of Indiabulls Financial Services said that Indiabulls had access to over USD 2 billion of long-term funding and that it was not depen

  • GIC Housing approves to sell 11.2% stake in LIC AMC; stk up

    15th June, 2009 11:05

    GIC Housing Finance touched an intraday high of Rs 88.70 and an intraday low of Rs 80. At 11:01 am, the share was quoting at Rs 86.10, up Rs 4.50, or 5.51%. The co

  • Will add 3 mt capacity at Jamshedpur in FY11: Tata Steel 

    15th June, 2009 10:47

    Koushik Chatterjee, Group CFO, Tata Steel, speaking on the business of the company, said the companyís standalone debt-equity ratio is at less than 1. He added the

  • Nifty struggles @4550; RIL, Sterlite, NTPC, Bharti, L&T dip

    15th June, 2009 10:42

    At 10:35 hours IST, the benchmark indices were trading lower on the back of selling in metal, telecom, power, auto, FMCG and select capital goods stocks. Reliance

  • Tata Power among major losers

    15th June, 2009 10:32

    At 10:29 am, Tata Power Company was among major losers on the Sensex. It touched an intraday high of Rs 1,172.50 and an intraday low of Rs 1,121. The share was quo

  • Indian Hotels to buy stake in Elel Hotels; stk up

    15th June, 2009 10:28

    Indian Hotels Company touched an intraday high of Rs 79.50 and an intraday low of Rs 76.15. At 10:25 am, the share was quoting at Rs 76.20, up Rs 0.80, or 1.06%. T

  • Buy on deep declines: Sudarshan Sukhani 

    15th June, 2009 10:13

    Technical Analyst Sudarshan Sukhani said the markets could open weak and that may be an opportunity to short-sell, ďbut if the Nifty opens 50 points gap-down, that

  • Sterlite Industries melts down

    15th June, 2009 10:10

    Sterlite Industries touched an intraday high of Rs 708 and an intraday low of Rs 674.10. At 10:07 am, the share was quoting at Rs 677.70, down Rs 40.4, or 5.63%. I

  • RNRL bounces back

    15th June, 2009 10:02

    RNRL has bounced back today. It touched an intraday high of Rs 91.90 and an intraday low of Rs 86.30. At 10:02 am, the share was quoting at Rs 91.45, up Rs 4.05, o

  • Nifty has support at 4484/4360: Mitesh Thacker

    15th June, 2009 10:00

    According to Mitesh Thacker's report, the Nifty has support weekly supports at 4484 / 4360 / 4120 / 4025 Ė 4000.

  • Rising commodity prices reflects better global demand: UBS 

    15th June, 2009 09:51

    Jeffrey Palma, Head-Global Equity of UBS said that the rising commodity prices indicates better global demand expectations and added that the Chinese domestic

  • US markets end mixed 

    15th June, 2009 09:44

    A volatile day on Wall Street as investors kept an eye on voting in Iran. Stocks ending Friday mixed, the Dow ending up 28 points, the Nasdaq losing 4 points and t

  • GMR Infra may defer QIP

    15th June, 2009 09:40

    The merchant banking sources told that, there is a lot of resistance for GMR at Rs 150, where the company is trying to do the QIP and most of the appetite in the b

  • Expect correction; 4650 Nifty crucial level: Atul Suri 

    15th June, 2009 09:40

    Trader Atul Suri is of the view that the markets may consolidate and give-up some gains around the 4,650 level. He further said that there is no reason to work til

  • Metal, banking sectors may see profit booking: Ajay Jain

    15th June, 2009 09:35

    According to Lt Col Ajay Jain, CEO, www.astromoneyguru.com, metal, real sectors and banking sectors may show some profit booking today.

  • Nifty Open Interest PCR declines to 1.09 versus 1.17 

    15th June, 2009 09:22

    The Nifty Open Interest PCR (put-call ratio) declined to 1.09 versus 1.17. Nifty 4700 Call added 9 lakh shares in Open Interest while Nifty 4400 Put shed 5 lakh sh

  • Expect negative opening: Khandwala Sec

    15th June, 2009 09:14

    According to Khandwala Securities' Market Preview report, the stocks are likely to extend late last week's decline as investors hold back purchases on realisation

  • RIL-RNRL gas tussle: Final HC judgment today 

    15th June, 2009 09:11

    CNBC-TV 18 learns that the final order in the prolonged Ambani gas dispute will be announced in the Bombay High Court by Justice JN Patel in his chambers today.

  • India likely to outperform: Shane Oliver 

    15th June, 2009 09:05

    The trend remains positive and EMs (emerging markets) including India are likely to outperform, Shane Oliver of AMP Capital Investors.

  • Fiat-Chrysler deal will have little to do with India

    15th June, 2009 09:02

    Fiatís recent move to get into the driverís seat at Chrysler and work out a revival plan for the US carmaker will have no implications for India in terms of Chrysl

  • 10-yr yield seen between 6.90-7%: Standard Chartered

    15th June, 2009 08:57

    According to Arvind Sampat, Standard Chartered, rising auctions likely to keep the market soft. The range for the 10-year yield is seen between 6.90-7%.

  • 'Jodhaa Akbar' sweeps IIFA Awards with perfect 10

    15th June, 2009 08:45

    In true Oscar-style, Ashutosh Gowariker's historical romance Jodhaa Akbar swept the International Indian Film Academy (IIFA) Awards 2009 in Macau Saturday with a p

  • Coonoor tea prices continue to fall on inadequate demand

    15th June, 2009 08:37

    The declining trend in prices witnessed in the last few weeks continued this week also when prices dropped generally by Rs 3 a kg at Sale No: 24 of the auctions of

  • F&O cues: Futures Open Int down by Rs 1347 cr

    15th June, 2009 08:33

    F&O cues: Futures Open Int down by Rs 1,347 crore, Options Open Int up by Rs 974 crore. Nifty June Futures shed 2.4 lakh, July Futures add 97,000 shares in Open In

  • Copper surges 68% year-to-date 

    15th June, 2009 08:27

    Copper was up 4% last week, fourth weekly gain. It surged 8% in June and was up 68% YTD. Indian government is going to spend $8.9 trillion in infrastructure. S

  • Stocks in news: Wockhardt, Suzlon, Pfizer, Nalco, L&T

    15th June, 2009 08:26

    Wockhardt, Suzlon, Pfizer, Nalco, L&T, Bharti Airtel, Videocon, RIL, RNRL, Hindalco, Maytas Infra, GMR Infra, TCS, Wipro, Bajaj Holdings, SBI, Thomas Cook, Tulip T

  • Support for Sensex at 15200-14900: Gaba

    15th June, 2009 08:20

    The support for the Sensex is 15200-14900 and the resistance to the up move is at 15480-16046. The support for the Nifty is at 4500 and the resistance to the up mo

  • Nifty likely to witness range of 4665-4500: Bhambwani

    15th June, 2009 08:16

    The coming session is likely to witness a range of 4665 on advances. Support is likely at 4500 on declines. Traders may note the falling intraday range for the thi

  • Resistance for Nifty seen at 4,650 

    15th June, 2009 08:10

    FIIs were net buyers to the tune of Rs 470 crore while DIIs were net sellers to the tune of Rs 251 crore in the cash markets on June 12 (provisional data). FIIs ne

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