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Moneycontrol News Archive : 17 June, 2009

  • NAVs see deep cut on sharp decline in mkts

    17th June, 2009 22:19

    As the benchmark indices saw huge correction on the back of unwinding of positions by traders in the second half of the trade, equity diversified NAVs closed sharp

  • Freight corridor to be operational by 2016: Forbes India 

    17th June, 2009 20:48

    The Dedicated Freight Corridor Project unveiled with much fanfare during the National Democratic Alliance (NDA) regime is on a slow track. Forbes India's Consultin

  • Mkts crack in second-half of trade, close near day's low 

    17th June, 2009 19:17

    After holding up yesterday, the markets dramatically did a full tilt today and completely collapsed under selling pressure in late trade. The Nifty failed to hold

  • US markets open higher; Dow up 19 points

    17th June, 2009 19:09

    At 19.04 hrs (IST)- The US markets opened higher. The Dow Jones Industrial Average was up 19.04 points, or 0.22%, to 8,523.71. The Nasdaq was up 5.83 points, or 0.

  • See boost for insurance industry in Budget '09: EY

    17th June, 2009 18:28

    Till 2001, insurance was purely a nationalised activity; the domain of the Government owned insurance companies. The liberalisation in the industry led to an incre

  • Experts see Nifty hovering in 4400-4600 range 

    17th June, 2009 18:12

    Anu Jain of India Infoline believes that the market would continue to stay in the 4400-4600 range. She doesn’t see any reason for the market to step out of that ra

  • Banking sector pre-Budget expectations: EY

    17th June, 2009 18:04

    Banks face huge problems in collating withholding tax certificates and claiming credit for the same in the tax return. Banks in India are regulated by the Reserve

  • Fare hike inevitable if crude continues to boil: Air India 

    17th June, 2009 17:50

    Even before the recent surge in crude oil prices, the Indian aviation sector has been bleeding due to a combination of high costs at airports, lower passenger traf

  • Rupee ends lower, bonds higher

    17th June, 2009 17:40

    The Indian rupee ended near one-month low as banks bought dollars to meet demand from oil companies and FIIs. But, dollar sales from exporters and PSU banks likely

  • RNRL wants to be party to RIL-NTPC case, may approach HC 

    17th June, 2009 17:23

    Fresh from its recent victory in its gas tussle with Reliance Industries, Reliance Natural Resources now wants to intervene in the RIL-NTPC case. RNRL is expected

  • Instanex FII Index down 2.33%

    17th June, 2009 17:12

    FIIs did not seem to be major sellers of Indian shares today. At close, the Instanex FII Index was down 2.33% at 309.10 (-1.49% at 3 pm) while the Instanex DII 15

  • Real Estate sector pre-Budget expectations: EY

    17th June, 2009 17:02

    One of the sectors that have been severely impacted by the global economic downturn has been the Indian real estate sector. In the past 12 to 18 months, the sector

  • Cement advance tax nos mixed; Idea disappoints 

    17th June, 2009 16:50

    The data on day three of Q1 advance tax numbers is not very different from what we saw yesterday. Sources told CNBC-TV18's Ashwin Mohan that these could be the las

  • Skindia GDR Index down 1.50% to 1982.02

    17th June, 2009 16:48

    The Skindia GDR Index is down 1.50% to 1,982.02 at 3:30 pm IST today. The main losers are Reliance (-4.69%), Sterlite Industries (-3.63%) and L & T (-3.16%).

  • Buy Madhucon Projects, target of Rs 246: Angel Broking

    17th June, 2009 16:29

    Angel Broking has recommended a buy rating on Madhucon Projects, with price target of Rs 246. Madhucon Projects stock has outperformed the BSE Sensex significantly

  • Accumulate Crompton Greaves, target of Rs 306: Angel

    17th June, 2009 16:26

    Angel Broking has recommended an accumulate rating on Crompton Greaves, with price target of Rs 306. CGL is quoting at a hefty discount of 43-44% to ABB.

  • Accumulate Wipro on dips; target Rs 500: Bonanza

    17th June, 2009 16:22

    Bonanza has recommended to accumulate Wipro on dips near Rs 395 with a medium term target of Rs 500. The company has reported a growth of more than 28% in its topl

  • Mumbai project to launch in October: Ajmera Realty 

    17th June, 2009 16:02

    Rajnikant Ajmera, Managing Director, Ajmera Realty, said the company had about 40 million square feet on land. “We have 40 lakh square feet of floor space index (F

  • Mkts plummet at close; Realty, Metal indices dip over 5.5%

    17th June, 2009 15:37

    The benchmark indices saw huge correction today on the back of unwinding of positions by traders in the second half of the trade. The sharp correction in the heavy

  • Mahindra Holidays to list on mkts in June 

    17th June, 2009 15:28

    Mahindra Holidays and Resorts initial public offer (IPO) is likely to hit markets before June-end. Company has SEBI nod and it recently sought ROC permission to la

  • ONGC takes a dip

    17th June, 2009 15:27

    ONGC touched an intraday high of Rs 1,130 and an intraday low of Rs 1,060. At 3:24 pm, the share was quoting at Rs 1,061, down Rs 63.55, or 5.65%. It was trading w

  • Reliance Industries drops further

    17th June, 2009 15:25

    Reliance Industries touched an intraday high of Rs 2,177.70 and an intraday low of Rs 2,038.90. At 3:22 pm, the share was quoting at Rs 2,038.90, down Rs 102.7, or

  • Reliance Capital trips on selling pressure

    17th June, 2009 15:20

    Reliance Capital touched an intraday high of Rs 1,005 and an intraday low of Rs 922. At 3:17 pm, the share was quoting at Rs 923.25, down Rs 75.35, or 7.55%. It wa

  • IndusInd Bank sheds 8 lakh shares in OI 

    17th June, 2009 15:14

    Some bit of shorts and some hedges were coming back into the Nifty futures. Rollovers had started in some of the stocks futures like Suzlon, Unitech. Suzlon was se

  • Indian Hotels extends losses

    17th June, 2009 15:11

    Indian Hotels Company touched an intraday high of Rs 72.90 and an intraday low of Rs 65.25. At 3:08 pm, the share was quoting at Rs 65.25, down Rs 6.05, or 8.49%.

  • Nifty breaks 4400; RIL, ONGC, NTPC, RComm, SAIL, SBI drag

    17th June, 2009 15:00

    At 14:55 hours IST, the markets were trading under tremendous pressure. The Nifty slipped below the 4400 mark. Metal, realty, oil & gas, capital goods, power, FMCG

  • IFCI sheds 71 lakh shares in OI 

    17th June, 2009 14:50

    IFCI shed 71 lakh shares, after seeing huge build-up on Tuesday. Its turnover was seen at Rs 412 crore. IDBI Bank also saw cut in its open interest by 25 lakh shar

  • Forbes excl: Satyam, Tech Mahindra prepare blueprint 

    17th June, 2009 14:48

    Here's a Forbes exclusive––Satyam and Tech Mahindra. The new blueprint for Satyam will be presented to the top management of Tech Mahindra and Satyam in Hyderabad

  • Kirloskar Brothers has target of Rs 280: K Kotak

    17th June, 2009 14:38

    Kamlesh Kotak, Vice President Research at Asian Markets Securities is of the view that Kirloskar Brothers has one year target of Rs 280. It is a pump manufacturing

  • JSW Steel takes a dip

    17th June, 2009 14:32

    JSW Steel touched an intraday high of Rs 685 and an intraday low of Rs 640. At 2:26 pm, the share was quoting at Rs 642.80, down Rs 39.85, or 5.84%. It was trading

  • Buy Canara Bank: N Jain 

    17th June, 2009 14:24

    Nishant Jain, Director, TradeSwift Broking is of the view that one can buy Canara Bank.

  • Buy Ashok Leyland with target of Rs 35: N Jain 

    17th June, 2009 14:15

    Nishant Jain, Director, TradeSwift Broking is of the view that one should buy Ashok Leyland for a target of Rs 35 with a stoploss of Rs 29. The stock should attemp

  • Welspun Guj melts down 6%

    17th June, 2009 14:09

    Welspun Gujarat Stahl Roh touched an intraday high of Rs 219 and an intraday low of Rs 203.50. At 2:05 pm, the share was quoting at Rs 204.50, down Rs 13.4, or 6.1

  • Hold Jaiprakash Associates: G Shanbhag 

    17th June, 2009 13:59

    Ganesh Shanbhag, CEO, SMS Financial Services is of the view that one can hold Jaiprakash Associates. They have shown a topline of 44% growth and a bottom line of 4

  • Instanex FII Index down 0.06%

    17th June, 2009 13:54

    At 1 pm, the Instanex FII Index was down 0.06% at 316.28 (-0.13% at 12 noon) and the Instanex DII 15 portfolio was down 0.55% (-0.53% at 12 noon).

  • Nifty below 4450; RIL, Infy, L&T, HDFC, ITC down

    17th June, 2009 13:41

    At 13.26 hrs IST, the markets were trading choppy with negative bias. Selling pressure was seen in metals, capital goods, FMCG, auto & oil and gas stocks. Reliance

  • GVK Power marches ahead

    17th June, 2009 13:24

    GVK Power touched an intraday high of Rs 41.70 and an intraday low of Rs 40. At 1:20 pm, the share was quoting at Rs 40.65, up Rs 0.70, or 1.75%. MIAL, a JV betwee

  • IRB Infrastructure continues to gain

    17th June, 2009 13:18

    IRB Infrastructure Developers touched an intraday high of Rs 145.35 and an intraday low of Rs 135. At 1:14 pm, the share was quoting at Rs 143.05, up Rs 7, or 5.15

  • European markets trading weak; CAC, DAX down

    17th June, 2009 13:05

    At 12: 59 pm (IST), European markets were trading weak. CAC 40 was down 0.49% or 15.63 points at 3,198.32. DAX fell 0.35% or 17.29 points at 4,873.43. FTSE 100 sli

  • Indowind Energy to consider FCCB issue; stk up

    17th June, 2009 13:01

    Indowind Energy has touched an intraday high of Rs 44.80 and an intraday low of Rs 42.30. At 12:57 pm, the share was quoting at Rs 43.70, up Rs 1.50, or 3.55%. The

  • Federal Bank hits new high

    17th June, 2009 12:57

    Federal Bank has touched a 52-week high of Rs 269. At 12:55 pm, the share was quoting at Rs 264.50, up Rs 12.55, or 4.98%. It was trading with volumes of 248,494 s

  • S Verma bullish on Larsen 

    17th June, 2009 12:52

    Sanju Verma, CEO-Institutional Business, Proactive Universal Group is bullish on Larsen. The company surprised on the positive atleast on the guidance front by say

  • Instanex FII Index down 0.13%

    17th June, 2009 12:42

    At 12 noon, the Instanex FII Index was down 0.13% at 316.07 (-0.56% at 11 am) and the Instanex DII 15 portfolio was down 0.53% (-0.69% at 11 am).

  • Omaxe's subsidiary bags Rs 128cr order, stock rises

    17th June, 2009 12:25

    Omaxe touched an intraday high of Rs 110.70 and an intraday low of Rs 103.50. At 12:20 pm, the share was quoting at Rs 108.80, up Rs 3.80, or 3.62%. The company's

  • Essar Oil forges ahead

    17th June, 2009 12:14

    Essar Oil touched an intraday high of Rs 175 and an intraday low of Rs 166.50. At 12:11 pm, the share was quoting at Rs 173, up Rs 6.50, or 3.90%. It was trading w

  • See 10% growth in ad revenues: Jagran Prakashan

    17th June, 2009 12:01

    Jagran Prakashan has announced its Q4 FY09 numbers. Its net profit went up 41.3% to Rs 21.8 crore as against Rs 15.4 crore, QoQ. The company's net sales increased

  • LIC Housing Fin holds 34% stake in LIC MF post stake sale 

    17th June, 2009 12:00

    Ramachandran Nair, Director and CEO, LIC Housing Finance said they have a 33.9% stake in LIC Mutual Fund. He added that they are looking at a growth of 30–40% in d

  • Reliance Infrastructure top gainer on Nifty

    17th June, 2009 11:47

    At 11:45 am, Reliance Infrastructure was top gainer on the Nifty. It touched an intraday high of Rs 1,319 and an intraday low of Rs 1,260. The share was quoting at

  • Keep Rs 200 stoploss in JP Associates: Mohindar 

    17th June, 2009 11:41

    Rahul Mohindar of Viratechindia is of the view that in Jaiprakash Associates one can keep a stoploss of Rs 200.

  • Cipla in poor health

    17th June, 2009 11:35

    Cipla touched an intraday high of Rs 263 and an intraday low of Rs 252.30. At 11:31 am, the share was quoting at Rs 252.85, down Rs 8.05, or 3.09%. It was trading

  • Focus more on retail investors than corporates: Sebi to MFs 

    17th June, 2009 11:21

    CB Bhave said that Mutual Funds (MF) haven't used Reserve Bank of India's special repo facility since December. He added that mutual funds are making a mistake by

  • Escorts makes smart gain

    17th June, 2009 11:07

    Escorts touched an intraday high of Rs 71 and an intraday low of Rs 66. At 11:03 am, the share was quoting at Rs 69.50, up Rs 3.20, or 4.83%. It was trading with v

  • Cement likely to slide down slowly: Sukhani 

    17th June, 2009 10:53

    Technical Analyst, Sudarshan Sukhani feels that cement is going to slide down slowly.

  • Vijaya Bank minting money

    17th June, 2009 10:51

    Vijaya Bank touched an intraday high of Rs 46 and an intraday low of Rs 44.55. At 10:46 am, the share was quoting at Rs 45.75, up Rs 1.65, or 3.74%. It was trading

  • JSPL considering debt-equity mixture to raise funds 

    17th June, 2009 10:46

    Ashok Alladi of Jindal Steel & Power said the company was looking at a number of options to raise capital. "While debt is the preferred route, entering the equity

  • NTPC biggest beneficiary in RIL-RNRL case: Sanju Verma 

    17th June, 2009 10:43

    Sanju Verma CEO of Institutional Business Proactive Universal Group said that the biggest beneficiary in RIL-RNRL deal was NTPC. Verma said that the JSPL was highl

  • Indian GDRs: Satyam up 14%, SBI gains 4.63%

    17th June, 2009 10:23

    The main gainers were Satyam Comuters (+13.95%), SBI (+4.63%) and L & T (+2.94%). The main losers were Sterlite Industries (-3.63%), Dr. Reddy's (-2.62%) and Infos

  • Jet Airways raises fuel surcharge by Rs 400/ ticket; stk up

    17th June, 2009 10:09

    Jet Airways touched an intraday high of Rs 272 and an intraday low of Rs 260.20. At 10:06 am, the share was quoting at Rs 269.10, up Rs 6.85, or 2.61%. The company

  • Pyramid Saimira puts on a good show

    17th June, 2009 10:00

    Pyramid Saimira Theatre touched an intraday high of Rs 28.45 and an intraday low of Rs 27.50. At 10:05 am, the share was quoting at Rs 28.45, up Rs 1.35, or 4.98%

  • Rally unlikely; Nifty may reach 4200: Sudarshan Sukhani 

    17th June, 2009 09:59

    Sudarshan Sukhni of Technical Trends said the market would fall from now with a target of 4,200 and would find it extremely difficult to go much higher now. “The c

  • Short-term debt was a necessity to combat recession: Obama 

    17th June, 2009 09:53

    US President, Barack Obama in an exclusive interview with CNBC’s John Harwood said he did not regret having raised short-term debt to deal with recession “We've go

  • Nifty has strong resistance at 4545: Nirmal Bang

    17th June, 2009 09:48

    According to Nirmal Bang's report, Nifty has strong resistance at 4545 and if nifty maintains above this level then we could see 4640.

  • Power Grid sales growth impressive 

    17th June, 2009 09:39

    Power Grid sales growth is quite impressive. So there is no problem for transmission volumes. A lot of things into the bottom-line and they tend to get skewed from

  • US's external deficit to hit dollar: Stephen Roach 

    17th June, 2009 09:35

    Stephen Roach, Chairman, Morgan Stanley Asia, said many economies were still declining, and that "the green shoots were still underground."

  • JSPL's valuations are not cheap: Udayan Mukherjee 

    17th June, 2009 09:19

    Udayan Mukherjee, Managing Editor, CNBC-TV18 said Jindal Steel and Power (JSPL) was a very good company. "The valuations have gone up quite a bit. If the company d

  • Stock futures add 6.2 cr shares in Open Interest 

    17th June, 2009 09:17

    Stock futures added 6.2 crore shares in Open Interest. FIIs were net sellers to the tune of Rs 1191 crore in Nifty futures. Nifty Open Interest PCR (put-call ratio

  • Sensex has strong support at 14280: Anagram

    17th June, 2009 09:09

    According to Anagram Research's report, below yesterday low of 14621, next strong support for the sensex comes in at 14280.

  • Sensex can go up to 16,000 ahead of budget: Centrum 

    17th June, 2009 09:07

    The market is driven purely by liquidity and the bias remains positive. The Sensex can go up to 16,000 ahead of the budget, Devesh Kumar said.

  • 7-year yield seen between 6.75-6.9%: Axis Bank

    17th June, 2009 09:02

    According to RVS Sridhar, Axis Bank, the bond yields are expected to remain under pressure. High crude prices remain a concern. The range for the 7-year yield is s

  • Depositors to become shareholders of Saraswat bank

    17th June, 2009 09:01

    In a first of its kind move, India’s largest urban co-operative bank — Saraswat Co-operative Bank — plans to make 50,000 of its depositors into shareholders in the

  • Rupee likely to be in a steady range: Pinnacle Forex

    17th June, 2009 08:58

    According to N Subramaniam, Pinnacle Forex, the rupee is likely to be in a steady range. Global stock market correction may put pressure on the currency. The range

  • Fund Action witnessed in SREI Infra, Strides Arcolab

    17th June, 2009 08:45

    Fund Action witnessed in SREI Infra, Strides Arcolab, Jupiter Bios, Sunil Hitech and Maytas Infra.

  • Federal Bank, Catholic Syrian merger likely in a month

    17th June, 2009 08:39

    The merger of Catholic Syrian Bank with Federal Bank is expected to be through in a month.

  • Nifty likely to witness range of 4600-4435: Bhambwani

    17th June, 2009 08:36

    The coming session is likely to witness a range of 4600 on advances. Support is likely at 4435 on declines, below which the 4350 maybe likely. The bullish pivot fo

  • Stocks in news: Jindal Steel, Power Grid, Unitech, GVK

    17th June, 2009 08:34

    Jindal Steel, Power Grid, RPL, Jaiprakash Associates, Dish TV, Unitech, Kingfisher, GVK, ICICI Bank, Max India, IL&FS, Sterling Holidays, Country Club, Sundaram Br

  • F&O cues: Futures Open Int up by Rs 2385 cr

    17th June, 2009 08:30

    F&O cues: Futures Open Int up by Rs 2385 crore, Options Open Int up by Rs 1286 crore. Nifty June Futures add 11.5 lakh shares, July Futures add 4.5 lakh shares in

  • Market cues: FIIs net sell $44.5 mn

    17th June, 2009 08:22

    Market cues: FIIs net sell USD 44.5 million and MFs net sell Rs 481 crore on June 15.

  • Indian ADRs: Patni down 4.3%, Satyam up 14%

    17th June, 2009 08:09

    Indian ADRs: Patni, Wipro, Sterlite, Infosys, Dr Reddys, Tata Motors and MTNl sliped, while Satyam, Tata Comm, HDFC Bank and ICICI Bank gained.

  • Dealers expect broader mkts to be rangebound 

    17th June, 2009 08:04

    Dealers expect broader markets to be rangebound and expect stock specific activity to continue. Techical analysts feel Nifty close above 4,550 crucial for uptrend

  • NHPC IPO by Aug-end to fetch Rs 1680 cr 

    17th June, 2009 22:07

    SK Garg, CMD, NHPC said that the company hopes the IPO would hit Indian markets by the end of August, 2009. The 15% stake sale with a face value of Rs 10, he said

  • MFs net buy Rs 8.70 cr in equities on June 16

    17th June, 2009 19:28

    On June 16, 2009, mutual funds (MFs) were net buyers to the tune of Rs 8.70 crore in equities. They made gross purchase of Rs 789.20 crore and gross sales of Rs 78

  • FIIs net sell Rs 711.90 cr in equities on June 16

    17th June, 2009 19:17

    On June 16, 2009, foreign institutional investors (FIIs) were net sellers to the tune of Rs 711.90 crore in equities. They made gross purchase of Rs 1,862.30 crore

  • Buy Uflex, target of Rs 100: Sunidhi Securities

    17th June, 2009 19:00

    Sunidhi Securities & Finance has recommended a buy rating on Uflex, with a price target of Rs 100. At the CMP of Rs 76, the share is trading at a P/E of 2.6 on FY0

  • No proposal from Oil Min yet on fuel cess: Sources 

    17th June, 2009 18:22

    Reports suggest that the Oil Ministry has received a proposal from the Transport Ministry on the position of oil cess. CNBC-TV18's Nayantara Rai reports on what ar

  • Govt to reimburse oil cos' losses by price hike, excise cut 

    17th June, 2009 18:10

    An oil price hike may take place shortly. CNBC-TV18 learns that the Petroleum Ministry wants the government to compensate oil companies for the losses with a price

  • Rel Comm builds 28 lakh shares in OI 

    17th June, 2009 17:51

    There was an unwinding seen in the F&O space but today the traders were caught on the wrong foot. Reliance Communication was down nearly Rs 20 with a good buildup

  • Coal Ministry plans more private stake in JVs 

    17th June, 2009 17:50

    To give a boost to public and private partnerships, the Coal Ministry is working on guidelines to offer the private sector 74% stake in new joint ventures. The Law

  • Crude trades in range between $68-73/bbl 

    17th June, 2009 17:30

    Crude has been trading within USD 73 per barrel on the higher side and USD 68 per barrel lower side – it has been keeping within that range here.

  • Buy Jindal Steel below Rs 2250: A Jain 

    17th June, 2009 17:13

    Anu Jain, Vice President - IIFL Private Wealth Management, India Infoline is of the view that one can buy Jindal Steel & Power below Rs 2250.

  • Buy Sterlite Industries around Rs 580: A Jain 

    17th June, 2009 17:07

    Anu Jain, Vice President - IIFL Private Wealth Management, India Infoline is of the view that one can buy Sterlite Industries around Rs 580.

  • India facing shortage of 40-50m kg of tea: Mcleod Russel 

    17th June, 2009 16:52

    Aditya Khaitan, Managing Director, Mcleod Russel, sees India facing a shortage of about 40-50 million kg in tea production. “This is the first time that India has

  • Buy Great Offshore, target of Rs 454: SKP Securities

    17th June, 2009 16:48

    SKP Securities has recommended a buy rating on Great Offshore, with a price target of Rs 454. At the current market price of Rs 360, the stock is trading at a P/BV

  • JP Associates may rake in $200-300m via treasury stock sale 

    17th June, 2009 16:32

    JP Associates' treasury stock will soon be listed. This will help the company to deleverage their balance sheet. They have been exploring opportunities to raise ca

  • HSBC Holdings to delist IL&FS Investmart from BSE, NSE 

    17th June, 2009 16:28

    HSBC Holdings has offered to delist IL&FS Investmart from the BSE and NSE. HSBC currently holds 93.8% stake in IL&FS Investmart. As far as HSBC stake goes, in 2008

  • Hold ICICI Bank, target of Rs 781: Sharekhan

    17th June, 2009 16:24

    Sharekhan has maintained its hold rating on ICICI Bank, with a revised price target of Rs 781. ICICI Bank’s loan book growth has decelerated sharply in the last th

  • Cummins has target of Rs 300: Bonanza

    17th June, 2009 16:11

    Bonanza has recommended long term investors to stay invested in Cummins. Fresh entries can be made only on dips, near Rs 230 level for a target of Rs 300.

  • After Jet, Kingfisher may now hike airfares 

    17th June, 2009 15:45

    CNBC-TV18 had earlier reported that air fares are likely to go up. After Jet’s announcement of a Rs 400 increase in ticket prices across sectors in India for both

  • Unitech declines 5%

    17th June, 2009 15:30

    Unitech touched an intraday high of Rs 92.40 and an intraday low of Rs 82.25. At 3:30 pm, the share was quoting at Rs 84.40, down Rs 4.5, or 5.06%. It was trading

  • HNIs who missed rally still want to invest: Barclays Wealth 

    17th June, 2009 15:28

    A survey that Barclays Wealth carried out of about 2,100 high net-worth individuals finds that a lot of money is still waiting to be invested into the markets.

  • Voltamp Transformers has target of Rs 900: K Kotak 

    17th June, 2009 15:27

    Kamlesh Kotak, Vice President Research at Asian Markets Securities,"We are positive on Voltamp Transformers and have a target price of more than Rs 900 over a year

  • See Nifty at 4800-4850 around Budget: Religare Capital Mkts 

    17th June, 2009 15:23

    Amitabh Chakraborty, Religare Capital Markets, said the Budget would give a clear indication about the the government's intent on policies like divestment. "Around

  • Tata Motors gears down

    17th June, 2009 15:17

    Tata Motors touched an intraday high of Rs 354 and an intraday low of Rs 325.60. At 3:14 pm, the share was quoting at Rs 325.90, down Rs 24.1, or 6.89%. It was tra

  • Banks outperform in advance tax nos: SP Tulsian 

    17th June, 2009 15:13

    SP Tulsian of sptulsian.com said banks are definitely outperformers based on the numbers so far. “Oil marketing companies have emerged as a taxpayer for the first

  • Reliance Communications plunges 5.3%

    17th June, 2009 15:00

    Reliance Communications touched an intraday high of Rs 334.65 and an intraday low of Rs 311. At 2:56 pm, the share was quoting at Rs 311, down Rs 17.45, or 5.31%.

  • Asian markets end mixed; Straits Times down 0.73%

    17th June, 2009 14:59

    Asian markets ended mixed. Hong Kong's Hang Seng slipped 0.45% or 80.90 points at 18,084.60. Singapore's Straits Times fell 0.73% or 16.71 points at 2,271.45. Howe

  • S Kumars declines sharply

    17th June, 2009 14:49

    S Kumars Nationwide touched an intraday high of Rs 51.80 and an intraday low of Rs 48.20. At 2:46 pm, the share was quoting at Rs 48.80, down Rs 2.25, or 4.41%. It

  • Apollo Hosp drops plan to buy Wockhardt Hospital, stk down

    17th June, 2009 14:44

    Apollo Hospitals Enterprises touched an intraday high of Rs 502.70 and an intraday low of Rs 490.30. At 2:39 pm, the share was quoting at Rs 494, down Rs 4.05, or

  • Instanex FII Index down 1.06%

    17th June, 2009 14:36

    At 2 pm, the Instanex FII Index was down 1.06% at 313.14 (-0.06% at 1 pm) and the Instanex DII 15 portfolio was down 1.47% (-0.55% at 1 pm).

  • Mkts extend losses; metals, oil & gas, cap goods tank

    17th June, 2009 14:29

    At 14:25 hours IST, the markets extended losses further. Oil & gas, capital goods, metals, telecom, realty, cement, select banking and technology stocks were under

  • IT-ITES industry wish list for the Budget: EY

    17th June, 2009 14:24

    Companies in the IT-ITES sector are cautions as regards their future growth projections. The global economic slowdown, the perceived protectionist proposals of the

  • Idea Cellular slips on profit booking

    17th June, 2009 14:11

    Idea Cellular has slipped today. It touched an intraday high of Rs 88.70 and an intraday low of Rs 82.15. At 2:07 pm, the share was quoting at Rs 82.50, down Rs 3.

  • Hold Dish TV, says Mohindar 

    17th June, 2009 14:05

    Rahul Mohindar of Viratechindia is of the view that one can hold Dish TV.

  • Hindalco Industries loses shine

    17th June, 2009 13:54

    Hindalco Industries touched an intraday high of Rs 101.90 and an intraday low of Rs 94.40. At 1:51 pm, the share was quoting at Rs 95.10, down Rs 3.9, or 3.94%. It

  • SAIL among major losers

    17th June, 2009 13:50

    At 1:48 pm, Steel Authority of India, SAIL was among major losers on the Nifty. It touched an intraday high of Rs 167.80 and an intraday low of Rs 158.95. The shar

  • IDBI Bank slips on profit booking

    17th June, 2009 13:34

    IDBI Bank touched an intraday high of Rs 113.05 and an intraday low of Rs 106. At 1:31 pm, the share was quoting at Rs 106.15, down Rs 5.1, or 4.58%. It was tradin

  • No follow-on public offer this year, says Power Grid 

    17th June, 2009 13:20

    SK Chaturvedy, CMD, Power Grid, said the company wasn’t looking at a following public offer this year. “It is still a plan because our issue is not there in the go

  • Neyveli Lig's Rajasthan mine to start operations, stk up

    17th June, 2009 13:08

    Neyveli Lignite Corporation touched an intraday high of Rs 135.50 and an intraday low of Rs 130.75. At 1:04 pm, the share was quoting at Rs 132.95, up Rs 1.30, or

  • Max India to sell 23% stake in Max New York Life 

    17th June, 2009 13:04

    Analjit Singh of Max India said the company would sell 23% stake in Max New York Life to New York Life after foreign direct investment (FDI) hike approval. “New Yo

  • EIH shoots up smartly

    17th June, 2009 13:00

    EIH touched an intraday high of Rs 133.50 and an intraday low of Rs 123. At 12:56 pm, the share was quoting at Rs 133.50, up Rs 8.75, or 7.01%. It was trading with

  • Balrampur Chini Mills continues to rise

    17th June, 2009 12:55

    Balrampur Chini Mills has continued to rise. It touched an intraday high of Rs 108.80 and an intraday low of Rs 104. At 12:53 pm, the share was quoting at Rs 108,

  • Castrol India touches 52-week high

    17th June, 2009 12:43

    At 12:40 pm, Castrol has touched a 52-week high of Rs 399. The share was quoting at Rs 375.90, up Rs 28.50, or 8.20%. It was trading with volumes of 210,028 shares

  • Mkts choppy; telecom, realty up, cap goods, metals slip

    17th June, 2009 12:27

    At 12:23 hours IST, the markets showed smart recovery from the day's low on the back of buying in telecom, realty, select power and financial stocks but the volati

  • DCB maintains its march ahead

    17th June, 2009 12:19

    DCB touched an intraday high of Rs 43.50 and an intraday low of Rs 41.60. At 12:15 pm, the share was quoting at Rs 42.50, up Rs 1.30, or 3.16%. It was trading with

  • Max India looks to sell 23% in New York Life, stock up

    17th June, 2009 12:07

    Max India touched an intraday high of Rs 249 and an intraday low of Rs 232. At 12:03 pm, the share was quoting at Rs 237.50, up Rs 10.20, or 4.49%. The company is

  • Sanju Verma bets on NTPC 

    17th June, 2009 12:01

    Sanju Verma, CEO-Institutional Business, Proactive Universal Group bets on NTPC purely from this gas saga perspective.

  • Mkts southbound; cap goods, metals, IT, cement, FMCG dip

    17th June, 2009 11:56

    Selling in technology, metal, FMCG, capital goods, auto, cement and oil & gas (barring Reliance Industries) was keeping the Nifty below 4500 mark and the Sensex be

  • Instanex FII Index down 0.55%

    17th June, 2009 11:45

    At 11 am, the Instanex FII Index was down 0.56% at 314.71 (-0.55% at 10 am) and the Instanex DII 15 portfolio was down 0.69% (-0.43% at 10 am).

  • Tata Steel melts down

    17th June, 2009 11:38

    Tata Steel touched an intraday high of Rs 451.90 and an intraday low of Rs 433.40. At 11:33 am, the share was quoting at Rs 434.70, down Rs 16.2, or 3.59%. It was

  • SAIL eyes 8-10% volume growth in FY10 

    17th June, 2009 11:34

    SK Roongta of SAIL said the the company was eying a volume growth of 8-10% this fiscal year (FY10). In an exclusive interview with CNBC-TV18 Roongta said that Indi

  • Thermax plunges 4.5%

    17th June, 2009 11:11

    Thermax touched an intraday high of Rs 438 and an intraday low of Rs 411.05. At 11:08 am, the share was quoting at Rs 412, down Rs 19.65, or 4.55%. It was trading

  • Instanex FII Index down 0.55%

    17th June, 2009 10:58

    At 10 am, the Instanex FII Index was down 0.55% at 314.73 and the Instanex DII 15 portfolio was down 0.43%. Sensex was down 0.44% and Nifty was down 0.37%.

  • Mkts weak amid volatility; RIL, DLF, RComm, Bharti up

    17th June, 2009 10:51

    At 10:48 hours IST, the benchmark indices were trading with negative bias as capital goods, technology, metal, auto and FMCG stocks were putting pressure on the ma

  • Avoid Reliance Capital: Sukhani 

    17th June, 2009 10:48

    Technical Analyst, Sudarshan Sukhani is of the view that one can ignore Reliance Capital at this level. It goes up Rs 100-150 then it comes down by the same amount

  • TCS top loser on the Sensex

    17th June, 2009 10:45

    At 10:42 am, Tata Consultancy Services, TCS was the top loser on the Sensex. It touched an intraday high of Rs 394.90 and an intraday low of Rs 375.30. The share w

  • IDBI Bank a better trading, investment opportunity: Sukhani 

    17th June, 2009 10:35

    Technical Analyst, Sudarshan Sukhani is of the view that IDBI Bank is a far better swing trading and investment opportunity.

  • Jai Corp locked at 5% upper circuit

    17th June, 2009 10:13

    Jai Corp was locked at 5% upper circuit. It touched an intraday high of Rs 313.40 and an intraday low of Rs 313.40. At 10:10 am, the share was quoting at Rs 313.40

  • US markets end lower 

    17th June, 2009 10:02

    Signs of an anemic economic recovery offset hopeful spreads in the housing market. Stocks continuing to decline on Tuesday, the Dow down 107 points and Nasdaq lowe

  • Godrej Consumer up on acquisition news

    17th June, 2009 10:00

    Godrej Consumer Products touched a 52-week high of Rs 198.60. At 09:56 am, the share was quoting at Rs 177, up Rs 5.50, or 3.21% on the NSE. The company has acquir

  • Money still waiting on sidelines to come in: Edelweiss Cap 

    17th June, 2009 09:55

    Rashesh Shah, CMD of Edelweiss Capital, said that liquidity awaiting investment opportunities exist at the sidelines. He added that most investors are in a mood to

  • Nifty struggles @ 4500 in opening trade; metals, IT dip

    17th June, 2009 09:50

    The markets opened on a weak note on the back of negative global cues. The sell-off in metal, technology and capital goods was putting pressure on the benchmark in

  • JP Asso must raise equity cap to deleverage balance sheet 

    17th June, 2009 09:39

    Jaiprakash Associates’ 21.7 crore treasure shares will list today. These shares created on account of amalgamation of group companies. Udayan feels that at current

  • NAVs end strong on positive mkts' cues

    17th June, 2009 09:37

    As the benchmark indices ended the session on a positive note after seeing sharp sell-off on Monday, equity diversified NAVs closed higher with advance:decline rat

  • NSE to replace RPL with Jindal Steel in Nifty 

    17th June, 2009 09:34

    The National Stock Exchange will replace Reliance Petroleum with Jindal Steel in Nifty today. New Entrant Jindal Steel’s most of the funds have already done rebala

  • Buy Gold August around Rs 14400: Bonanza

    17th June, 2009 09:19

    Bonanza has recommended to buy Gold August at around Rs 14400 with stoploss below Rs 14350 and target of Rs 14460-14520.

  • Expect flat opening: Karvy

    17th June, 2009 09:14

    According to Karvy Stock Broking's Technical Analysis report, the indices are expected to open on a flat note following the weak moves in the US markets while, the

  • Siddharth Bhamre expects Nifty to be ranged btw 4,300-4,700 

    17th June, 2009 09:09

    Siddharth Bhamre of Angel Broking expects the Nifty to be ranged between 4,300-4,700 till the budget. High IVs (implied volatility) indicate there is still some pe

  • Will stay in trading range 

    17th June, 2009 09:07

    “We managed to claw back on Tuesday and did it with some style,” Udayan Mukherjee, Managing Editor of CNBC-TV18, said on the show Bazaar Morning Call. “Today thoug

  • Rupee opens at Rs 47.82 per dollar

    17th June, 2009 09:01

    The Indian rupee opened at Rs 47.82 per dollar versus Rs 47.74 yesterday.

  • Urban Development Minister asks for stimulus pkg 

    17th June, 2009 09:00

    Besides asking for lower interest rates on home loans, Urban Development Minister, Jaipal Reddy, has asked for a stimulus package to restore economic growth as wel

  • Cognizant sees drop in revenue share from top customers

    17th June, 2009 08:52

    Cognizant Technology Solutions expects the share of revenues from its top five and top ten customers to continue to decline over time even as it keeps adding new c

  • Air India losing Rs 14-15 cr a day

    17th June, 2009 08:45

    Air India is losing Rs 14-15 crore daily. The losses are mainly on account of low fares in relation to costs and low passenger loads.

  • Support for Sensex at 14800-14620: Gaba

    17th June, 2009 08:39

    The support for the Sensex is 14800-14620 and the resistance to the up move is at 15265. The support for the Nifty is at 4465.

  • Nifty has support at 4400-4450: Gujral

    17th June, 2009 08:34

    The market will have flat to negative opening today. Nifty has supports at 4400-4450 and resistances are at 4580-4650. Market may consolidate and Nifty is expected

  • Cardamom prices rise on lower arrivals

    17th June, 2009 08:32

    Cardamom prices at the auctions in held in Kerala and Tamil Nadu last week ruled high on lower arrivals as the current harvesting season has almost come to a close

  • Near-term range for crude seen btw $68-72/bbl 

    17th June, 2009 08:24

    Nymex July contract was off high at $72.77 a barrel and settled at $70.47/bbl. It found support and resistance within $2 of $70/bbl. Firm dollar an

  • US housing starts for May rise 17.2% (MoM) 

    17th June, 2009 08:16

    The US markets slipped led by retailers post Best Buy's disappointing sales. However, rebound in US housing starts offset by bigger-than-expected fall in industria

  • Wall Street declines; Dow ends down 107 points

    17th June, 2009 08:09

    The US markets lost weight and ended in the red zone. Stocks opened the session higher boosted by encouraging housing starts. US financials skidded and dragged the

  • Asia trading mixed; Hang Seng down, Nikkei up

    17th June, 2009 08:00

    At 8: 01 am (IST), Asian markets were trading mixed. China's Shanghai Composite was down 0.72% or 20.11 points at 2,755.91. Hong Kong's Hang Seng slipped 1.53% or

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