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Moneycontrol News Archive : 22 May, 2009

  • Reforms, good governance key issues for Govt: Kamal Nath 

    22nd May, 2009 21:24

    Former Commerce Minister Kamal Nath has said that the people of the country expect not only a government, they expect good governance. "Reforms and governance are

  • Look out for hidden charges in New Pension Scheme

    22nd May, 2009 20:37

    One should take a closer look at the New Pension Scheme before thinking of investing in it. There could be hidden charges that may make it a costly affair. CNBC-TV

  • HDIL Q4 PAT seen down 72% to Rs 51.56 cr

    22nd May, 2009 19:13

    HDIL is to announce its announce its fourth quarter FY09 results. According to CNBC-TV18 estiamtes, its Q4 net profit is seen down 72.11% from Rs 184.88 crore to R

  • MFs net buy Rs 97 cr in equities on May 21

    22nd May, 2009 18:28

    On May 21, 2009, Mutual Funds (MFs) were net buyers to the tune of Rs 97.40 crore in equities. They made gross purchase of Rs 1263.40 crore and gross sales of Rs 1

  • Scrambled subscriber reporting

    22nd May, 2009 18:11

    India’s telecom subscriber base may have crossed 400 million, but the industry is yet to formulate a uniform subscriber reporting standard. Kenan Machado delves in

  • US dollar falls 3.5% this week 

    22nd May, 2009 17:41

    Base metals saw a sell off in the markets yesterday due to weak data. US dollar, a fall of nearly 3.5% this week, saw a low against six major currencies, led to a

  • Crude may test $68/bbl: Shamik Bhose 

    22nd May, 2009 17:28

    Shamik Bhose, Independent Commodities Advisor won’t be surprised if the Crude touches USD 68 per barrel or thereabouts.

  • Fortis Health can head upto Rs 128-130: E Mathew 

    22nd May, 2009 17:13

    Technical Analyst, E Mathew is of the view that Fortis Healthcare can head upto Rs 128-130.

  • Reduce Ashok Leyland, target of Rs 24: KRChoksey

    22nd May, 2009 17:00

    KRChoksey has recommended a sell rating on Ashok Leyland with a price target of Rs 24. The company can see some recovery in volumes by second half of FY10 dependin

  • Buy Man Industries, target of Rs 66: Sharekhan

    22nd May, 2009 17:00

    Sharekhan has recommended a buy rating on Man Industries, with price target of Rs 66. Assuming a substantial discount to the average multiple, the research firm ha

  • NIIT can go upto Rs 64: E Mathew 

    22nd May, 2009 16:56

    Technical Analyst, E Mathew is of the view that NIIT can go upto Rs 64.

  • Is it the end of brand Satyam?

    22nd May, 2009 16:46

    A Satyam board meeting is underway in Delhi. Vineet Nayyar, VC, MD and CEO of Tech Mahindra confirmed, “Satyam re-branding strategy could include change of name an

  • Era Infra bags Rs 117.84 cr contract

    22nd May, 2009 16:39

    Era Infra Engineering Ltd., through its construction and contracts division, announced that it has secured another contract worth Rs 117.84 cr from Aravali Power C

  • See economic turnaround later this year: Subbarao 

    22nd May, 2009 16:34

    RBI Governor, D Subbarao said that one could expect an economic turnaround later this year. The RBI says it will use a combination of monetary and debt measures to

  • Loganadan overweight on banking space 

    22nd May, 2009 16:31

    Ajay Loganadan, Head-Investment Advisory Group Private Banking of HSBC Private Banking is overweight on banking space.

  • Buy Grasim Industries, target of Rs 2536: Motilal Oswal

    22nd May, 2009 16:08

    Motilal Oswal has maintained its buy rating on Grasim Industries with a target price of Rs 2,536. Grasim’s 4QFY09 results were above estimates, with EBITDA margin

  • Buy Jain Irrigation, target of Rs 747: Angel Broking

    22nd May, 2009 15:58

    Angel Broking has maintained its buy rating on Jain Irrigation System with a target price of Rs 747. Jain Irrigation Systems (JISL) is yet to release its consolida

  • Hold Reliance Capital: Indiabulls Securities Research

    22nd May, 2009 15:44

    Indiabulls Securities Research has downgraded Reliance Capital from a buy to hold. For the FY 2009, Reliance Capital reported a moderate 21.6% yoy growth in the op

  • Mkts up 14-15.5% this week; broader indices gain 23-29%

    22nd May, 2009 15:30

    The Indian equity benchmarks closed the weekly session with steep upsurge. The benchmark indices touched two upper circuits on Monday after UPA's (United Progressi

  • Firstsource Solutions advances 16.5%

    22nd May, 2009 15:16

    Firstsource Solutions touched an intraday high of Rs 25.10 and an intraday low of Rs 21.10. At 3:13 pm, the share was quoting at Rs 24.60, up Rs 3.50, or 16.59%. I

  • Asian markets end mixed

    22nd May, 2009 15:12

    Asian markets ended mixed. Japan's Nikkei fell 0.41% or 38.34 points at 9,225.81. South Korea's Seoul Composite tumbled 1.26% or 17.9 points at 1,403.75. China's S

  • Mkts northbound; RIL, NTPC, L&T, ICICI Bk, Bharti lead

    22nd May, 2009 15:10

    At 15:05 hours IST, the markets were trading higher on the back of support from capital goods, power, banking and select telecom stocks. The broader indices were a

  • Satyam up 11.4% on huge volumes

    22nd May, 2009 15:00

    Satyam Computer Services was trading with volumes of 50,080,363 shares. It touched an intraday high of Rs 56.25 and an intraday low of Rs 47.75. At 3 pm, the share

  • Redington locked at 20% upper circuit

    22nd May, 2009 14:54

    At 2:50 pm, Redington was locked at 20% upper circuit. It has touched an intraday high of Rs 195.05 and an intraday low of Rs 168.80. The share was quoting at Rs 1

  • Federal Bank announces result; stock down

    22nd May, 2009 14:48

    Federal Bank touched an intraday high of Rs 262.40 and an intraday low of Rs 228.65. At 14:45 pm the share was quoting at Rs 230.25, down Rs 18.9, or 7.59%. It has

  • Hold IDFC, target of Rs 126.7: Indiabulls Securities

    22nd May, 2009 14:40

    Indiabulls has maintained a hold rating on IDFC with a target of Rs 126.7. In FY09, the balance sheet of IDFC grew 7% to Rs 298.1 billion as the company focused on

  • Hold Dabur, target of Rs 116: Indiabulls Securities

    22nd May, 2009 14:38

    Indiabulls Securities Research has maintained its hold rating on Dabur India with a price target of Rs 116. It has reported an impressive fourth quarter numbers as

  • Buy HDFC, target Rs 2475: KRChoksey

    22nd May, 2009 14:33

    KRChoksey has maintained its buy rating on HDFC with a target of Rs 2,475. Housing demand will improve in H209 due to better affordability, leading to a 18 – 20% y

  • NTPC declares Q4 results; stk up 3%

    22nd May, 2009 14:16

    NTPC touched an intraday high of Rs 220.40 and an intraday low of Rs 211.05. At 2:13 pm, the share was quoting at Rs 218.45, up Rs 6.20, or 2.92%. Its net profit w

  • Instanex FII Index up 1.97%

    22nd May, 2009 14:09

    At 2 pm, the Instanex FII Index is up 1.97% at 300.21 (+1.19% at 1 pm) and the Instanex DII 15 portfolio is up 1.05% (+0.47% at 1 pm). Sensex is up 1.15% (0.01% at

  • Mkts in positive terrain; infrastructure, financials rise

    22nd May, 2009 14:00

    At 13:56 hours IST - the benchmark indices gained some strength but the volatility was not yet out of the markets. Infrastructure, banking, select telecom stocks a

  • Reliance Industries makes smart gain

    22nd May, 2009 13:57

    Reliance Industries touched an intraday high of Rs 2,198 and an intraday low of Rs 2,094.95. At 1:54 pm, the share was quoting at Rs 2,194.50, up Rs 77.70, or 3.67

  • Expect US anti-trust regulatory approvals by next week: M&M 

    22nd May, 2009 13:44

    Anand Mahindra, Vice Chairman and Managing Director, Mahindra & Mahindra, (M&M), expects US anti-trust regulatory approvals in the next 7-15 days. He feels one mus

  • Cummins India moves down

    22nd May, 2009 13:30

    Cummins India touched an intraday high of Rs 278.25 and an intraday low of Rs 259. At 1:27 pm, the share was quoting at Rs 260, down Rs 17.45, or 6.29%. It was tra

  • Texas court grants Satyam 90-day continuance in Upaid case

    22nd May, 2009 13:24

    The Texas Court has granted Satyam a 90 day continuance in the Satyam Upaid case. The Satyam had approached the Texas Court for a 12 months continuance. The next t

  • 19 Cabinet ministers sworn-in 

    22nd May, 2009 13:21

    In the a ceremony at the Rashtrapati Bhavan today, 19 Cabinet ministers took the oath. Manmohan Singh has been sworn-in as the Prime Minister for the second time.

  • Markets look adequately priced: Mirae Asset Management 

    22nd May, 2009 13:16

    Rahul Chadha, Head-Indian Equities, Mirae Asset Management said in the last one week the markets gained nearly 17%. So the uncertainty or the fears on account of e

  • European markets trading flat

    22nd May, 2009 13:07

    At 1:03 pm (IST), European markets were trading flat. CAC 40 was flat at 3,218.28. DAX was flat at 4,901.76. FTSE 100 was up 0.29% or 12.60 points at 4,358.07.

  • ACC loses further ground

    22nd May, 2009 13:00

    ACC touched an intraday high of Rs 752 and an intraday low of Rs 714. At 1 pm, the share was quoting at Rs 714, down Rs 29.05, or 3.91%. It was trading with volume

  • NIIT maintains its march ahead

    22nd May, 2009 12:54

    NIIT touched an intraday high of Rs 49.50 and an intraday low of Rs 39.50. At 12:51 pm, the share was quoting at Rs 47.60, up Rs 8.25, or 20.97%. It was trading wi

  • Instanex FII Index up 0.63%

    22nd May, 2009 12:53

    At 12 noon, the Instanex FII Index is up 0.63% at 296.28 (+1.28% at 11 am) and the Instanex DII 15 portfolio is down 0.24% (+0.43% at 11 am). Nifty is down 0.76% (

  • Karnataka Bank minting money

    22nd May, 2009 12:51

    Karnataka Bank touched an intraday high of Rs 155 and an intraday low of Rs 125.05. At 12:48 pm, the share was quoting at Rs 140.40, up Rs 17.35, or 14.10%. It was

  • Man Ind board meet on May 29 on issue of warrants; stk up

    22nd May, 2009 12:48

    Man Industries touched an intraday high of Rs 49.05 and an intraday low of Rs 45. At 12:44 pm the share was quoting at Rs 46.25, up Rs 1.75, or 3.93%. The company

  • Sterlite Industries among major losers

    22nd May, 2009 12:42

    At 12:41 pm, Sterlite Industries was among major losers on the Nifty. It touched an intraday high of Rs 527.80 and an intraday low of Rs 502.45. The share was q

  • Aamir's Raakh acquired by Audacity International

    22nd May, 2009 12:37

    The film will re-release in theatres and on DVD on June 12, 2009. In 1989, a visionary film was released in India, made by then first time director 23-year-old Ad

  • Dolphin Offshore surges on bagging order worth Rs 18.4mn

    22nd May, 2009 12:14

    Dolphin Offshore Enterprises touched an intra day high of Rs 261.90 and an intra day low of Rs 240. At 12:10 pm, the share was quoting at Rs 252.30, up Rs 13.65, o

  • Glenmark Pharma in good health

    22nd May, 2009 11:50

    Glenmark Pharma touched an intraday high of Rs 219.70 and an intraday low of Rs 202.90. At 11:46 am, the share was quoting at Rs 214.65, up Rs 10.55, or 5.17%. It

  • JVL Agro looks undervalued: Ashish Chugh 

    22nd May, 2009 11:46

    Ashish Chugh, Investment Analyst & Author of Hidden Gems said JVL Agro looked undervalued. “The undervaluation of JVL Agro becomes even more evident if one compare

  • Mkts choppy; ONGC, SAIL, SBI, TCS, Wipro, Grasim slip

    22nd May, 2009 11:43

    At 11:41 hours IST - the markets were extremely volatile in trade. Shares of technology, cement, metal, auto, oil marketing companies, along with SBI and ONGC were

  • ONGC takes a dip

    22nd May, 2009 11:39

    ONGC touched an intraday high of Rs 1,072.00 and an intraday low of Rs 1,032.60. At 11:35 am, the share was quoting at Rs 1,037.00, down Rs 37.7, or 3.51%. It was

  • Avoid NIIT: Sudarshan Sukhani 

    22nd May, 2009 11:33

    Technical Analyst, Sudarshan Sukhani is of the view that one can ignore NIIT.

  • Buy Nagarjuna Fert on dips: Sukhani 

    22nd May, 2009 11:29

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy Nagarjuna Fertilisers and Chemicals on dips certainly for investment and probably for trading

  • NALCO loses shine

    22nd May, 2009 11:21

    NALCO touched an intraday high of Rs 367.90 and an intraday low of Rs 343. At 11:19 am, the share was quoting at Rs 346.50, down Rs 17.6, or 4.83%. It was trading

  • Gammon Infra to raise $100mn through QIP: Gammon India 

    22nd May, 2009 11:05

    Both Gammon India and Gammon Infrastructure are looking at raising capital. Pervez Umrigar, MD of Gammon India, said, “We are looking at raising $100 million i

  • DMK fallout on berths a bargaining game: Yogendra Yadav 

    22nd May, 2009 11:00

    Political Analyst Yogendra Yadav said the DMK's fallout with Congress was only a bargaining game and that it didn't threaten the government’s stability. “This is a

  • Mkts volatile; power, cap goods up, tech, metals down

    22nd May, 2009 10:49

    At 10:44 am, the benchmark indices were trading marginally higher amid volatility. The indices were still seeing some consolidation, after that Monday's move. The

  • Mkt rally unlikely to sustain for long: Jim Walker 

    22nd May, 2009 10:41

    Jim Walker, Managing Director of Asianomics pegs India's FY10 GDP growth at 3-5% and slightly more in FY11. He said that 6% GDP growth in FY10 was realistic but it

  • Don't see fast policy moves: Dalton Capital Advisors 

    22nd May, 2009 10:37

    U R Bhat, MD, Dalton Capital Advisors said the valuations had become stretched and there was no evidence of earnings upgrade. According to him, FY10 earnings growt

  • Ranbaxy up on buying mkting rights of Ochoa's skin products

    22nd May, 2009 10:27

    Ranbaxy Laboratories touched an intraday high of Rs 233 and an intraday low of Rs 225. At 10:26 am, the share was quoting at Rs 230.40, up Rs 6.65, or 2.97%. The c

  • We are entering into a bull market: Sanju Verma 

    22nd May, 2009 10:04

    Sanju Verma of Institutional Business Proactive Universal Group said that the swift fall and then a quick recovery indicates it is a bear market rally. There have

  • HT Media continues to gain

    22nd May, 2009 10:00

    HT Media touched an intraday high of Rs 111 and an intraday low of Rs 103. At 09:58 am, the share was quoting at Rs 109.80, up Rs 8.85, or 8.77%. It was trading wi

  • Mkts open choppy; midcaps, smallcaps gain

    22nd May, 2009 09:59

    The markets opened marginally lower and were trading with some volatility. The Nifty was hovering around the 4200 mark while the Sensex was hovering around the 137

  • Rupee likely to stay bullish: IndusInd Bank

    22nd May, 2009 09:49

    According to Mr. J. Moses Harding, Head Global Markets Group, IndusInd Bank, EUR/USD strong bounce from 1.3750 to over 1.3880/3900 resistance with next objective a

  • Nifty has support at 4160-4165: Reliance Money

    22nd May, 2009 09:41

    According to Reliance Money's Morning Notes, for today’s trade support is seen lower around levels of 4160-4165 range while NIFTY has created very strong hurdle ar

  • Stocks likely to erase some more gains: Khandwala

    22nd May, 2009 09:32

    According to Khandwala Securities' Market Preview report, the stocks are likely to erase some more gains and still close positive for the eleventh consecutive week

  • Trade long if Nifty holds above 4200 levels: Karvy

    22nd May, 2009 09:21

    According to Karvy Stock Broking's Technical Analysis report, one can trade long if Nifty holds above 4200 levels with a stop loss placed below 4160 levels targeti

  • Nifty has support at 4167: Anagram

    22nd May, 2009 09:17

    According to Anagram Research's report, for the past three sessions the Sensex has made lower tops and lower bottoms. The Nifty now has support at 4167. While the

  • Rupee opens at Rs 47.19 per dollar

    22nd May, 2009 09:01

    The Indian Rupee opened at Rs 47.19 per dollar versus Rs 47.38 yesterday.

  • 10-year yield likely to be rangebound: Kotak Mahindra Bank

    22nd May, 2009 09:00

    According to Mohan Shenoi, Kotak Mahindra Bank, the 10-year yield is likely to be rangebound today with a bearish undertone. Negative sentiment due to supply of go

  • Rupee likely to be firm: Greenback Forex

    22nd May, 2009 08:57

    According to Subramaniam Sharma, Greenback Forex, the rupee is likely to be firm as euro and pound strengthen against the dollar. Positive sentiment coupled with e

  • IT vendors see more revenues from maintenance services

    22nd May, 2009 08:54

    Indian IT vendors are seeing more revenues from application maintenance services as cautious customers continue to hold back investments on deploying new technolog

  • Banks gearing up to lend more this fiscal

    22nd May, 2009 08:47

    Banks may revise upwards their lending targets for FY2009-2010 once the new government outlines its economic priorities through a Budget/Vote-on-Account, according

  • F&O cues: Futures Open Int down by Rs 1552 cr

    22nd May, 2009 08:42

    F&O cues: Futures Open Int down by Rs 1,552 crore, Options Open Int up by Rs 1,319 crore. Stock Futures shed 3 cr shares in Open Int.

  • Rs 400-cr cover is SET Max defence against ad revenue loss

    22nd May, 2009 08:41

    Every time an IPL match gets washed out by rain, the broadcasting channel SET Max may raise an insurance claim of up to Rs 7 crore for loss of advertisement revenu

  • Market cues: FIIs net sell $49.1 mn

    22nd May, 2009 08:39

    Market cues: FIIs net sell USD 49.1 million and MFs net buy Rs 240 crore in equities on May 20.

  • Broader indices maybe rangebound 

    22nd May, 2009 08:36

    Some of the momentum in the midcap stocks may continue while the broader indices maybe range bound.

  • Spot rubber prices improve on covering buys

    22nd May, 2009 08:35

    The physical rubber prices showed a better trend on Thursday. According to observers, the market made a firm closing on covering purchases lacking quantity sellers

  • US mkts decline on weak jobless claims nos 

    22nd May, 2009 08:29

    The US markets ended down on the back of weak jobless claims numbers. UK rating outlook cut by S&P stoked concern about the US' credit rating.

  • Wall Street slips on poor economic data; Dow down 130 pts

    22nd May, 2009 08:19

    The US markets finished off their lows of the session, but still logged a triple-digit loss yesterday as the Fed's lowered outlook and disappointing economic data

  • Nifty has support at 4150-4170: Gujral

    22nd May, 2009 08:11

    The market may have flat to positive opening today. Nifty has supports at 4150-4170 and resistances are at 4300-4360. Some profit booking is expected at higher lev

  • Support for Nifty seen at 4,170 

    22nd May, 2009 08:07

    Investors are going to take further cues from the Cabinet formation today. Support for the Nifty is seen at 4,170, which is crucial for uptrend to remain intact.

  • Bharti may invest $100m for new expansion plan 

    22nd May, 2009 08:00

    In an effort to expand its global delivery capability, Bharti Airtel is set to expand its presence through a new initiative. The plan specifically relates trying t

  • Gammon Infra FY09 PAT up at Rs 13.62 cr

    22nd May, 2009 07:30

    Gammon Infra reported good numbers on standalone basis. Its FY09 net sales went up at Rs 35.68 crore as against Rs 26.69 crore and profit after tax (PAT) increased

  • Chat with Steve Forbes, Forbes Magazine at 10:30 am

    22nd May, 2009 07:01

    There is a live chat with Steve Forbes, Chairman and CEO - Forbes and Editor in Chief - Forbes Magazine, on May 22 at 10:30 am. He will chat about the Launch of Fo

  • NAVs close with negative returns on weak mkts' cues

    22nd May, 2009 01:02

    Equity diversified NAVs closed lower with advance:decline ratio of 65:159, as it was another profit booking day for the Indian equities. Huge sell-off was seen in

  • Will Golden Monday continue? 

    22nd May, 2009 21:02

    Throughout this week, volumes have been far above average. Now investors are using every small decline in the market to deploy some cash and are buying into good q

  • Sun Pharma Q4 cons net profit seen down 52% at Rs 347 cr

    22nd May, 2009 19:34

    Sun Pharma is set to announce its Q4FY09 numbers. According to CNBC-TV18 estimates, its consolidated net profit is expected to go down 52% at Rs 347 crore as again

  • US markets open flat

    22nd May, 2009 19:08

    At 19.05 hrs (IST)- The US markets opened flat. The Dow Jones Industrial Average was up 32.90points, or 0.40%, to 8,325.03. The Nasdaq was up 8.84 points, or 0.52%

  • FIIs net buy Rs 146 in equities in May 21

    22nd May, 2009 18:17

    On May 21, 2009, foreign institutional investors (FIIs) were net buyers to the tune of Rs 146.90 crore in equities. They made gross purchase of Rs 2896.40 crore an

  • Instanex FII Index up 2.13%

    22nd May, 2009 18:04

    At close, the Instanex FII Index was up 2.13% (unchanged since last 30 minutes of trade) at 300.69 indicating FIIs have bought aggressively while the Instanex DII

  • Expert tips: How to trade next week? 

    22nd May, 2009 17:34

    Post Golden Monday, valuations have caught up with historical averages, says Ajay Loganadan of HSBC Pvt Banking. “Given this run-up, this morning we downgraded Ind

  • Rupee ends higher, bonds lower 

    22nd May, 2009 17:25

    The Indian rupee ended higher as banks sold dollars noting its fall globally. Exporter dollar sales and FII inflows also aided. But, PSU banks' dollar demand for R

  • Sell ICICI Bank, target of Rs 558: Maximus Securities

    22nd May, 2009 17:02

    Maximus Securities has recommended a sell rating on ICICI Bank with a price target of Rs 558. A sustained slowdown in economic activity will impact the banking and

  • Buy Dr Reddys Laboratories, target of Rs 765: Angel Broking

    22nd May, 2009 17:00

    Angel Broking has recommended a buy rating on Dr Reddys Laboratories with a target price of Rs 765. For 4QFY2009, under Indian GAAP, Dr Reddy’s Laboratories report

  • Buy MphasiS, target Rs 406: Parag Parikh

    22nd May, 2009 16:58

    Parag Parikh Financial Advisory Services has recommended a buy rating on MphasiS, with price target of Rs 406. With EPS at Rs 10.69, the company seems to be on its

  • Buy Torrent Power, target Rs 186: Hem Securities

    22nd May, 2009 16:56

    Hem Securities has recommended a buy rating on Torrent Power, with price target of Rs 186. The stock at the current market price of Rs 140.10 will trade 16.23 time

  • Nagarjuna Fertilizers adds 40Lk shares in OI 

    22nd May, 2009 16:44

    The turnover was close to Rs 69,000 crore, in the last couple of days the turnover has fallen slightly from the day before. Nagarjuna Fertilizers added nearly 40 l

  • Loganadan underweight on metal space 

    22nd May, 2009 16:38

    Ajay Loganadan, Head-Investment Advisory Group Private Banking of HSBC Private Banking is underweight on metal space. The global picture hasn’t changed with regard

  • Buy Bajaj Auto, target of Rs 1031: Motilal Oswal

    22nd May, 2009 16:33

    Motilal Oswal has maintained its buy rating on Bajaj Auto with a target price of Rs 1031. Bajaj Auto 4QFY09 results are above estimates, but for forex loss of Rs 2

  • Tata Metaliks, Riddhi Siddhi good buys: Patherya  

    22nd May, 2009 16:17

    Mudar Patherya, Investment Analyst of Kolkata OB is quite bullish on Tata Metaliks and Riddhi Siddhi Gluco Biols. He shares his views on why to add these stocks to

  • Loganadan overweight on capital goods, infrastructure 

    22nd May, 2009 16:08

    Ajay Loganadan, Head-Investment Advisory Group Private Banking of HSBC Private Banking is overweight on capital goods, infrastructure space.

  • UPA agenda: Taxation 

    22nd May, 2009 15:54

    Everyday the list of expectations from this government seems to grow only longer. But are they going to have enough time to deal with all of those expectations at

  • Mkts end higher led by infrastructure, financials

    22nd May, 2009 15:42

    The markets closed the last session of the week on a positive note. The first day of the week was memorable day and will be called as a Golden Monday. The markets

  • Copper gains 48% YTD

    22nd May, 2009 15:17

    The weak US dollar was supporting the commodities. The dollar index declined 3.5% this week and was trading at 5 month lows. Copper gained 48% year to date (YTD).

  • Keep Rs 347-348 stoploss in Jindal Saw: Mohoni

    22nd May, 2009 15:12

    Technical Analyst, Deepak Mohoni is of the view that one can keep Rs 347-348 stoploss in Jindal Saw.

  • Kingfisher Airlines soars high

    22nd May, 2009 15:11

    Kingfisher Airlines touched an intraday high of Rs 65.45 and an intraday low of Rs 52.30. At 3:08 pm, the share was quoting at Rs 63.15, up Rs 8.30, or 15.13%. It

  • Re to consolidate at 46.95-46.98/$ before it appreciates  

    22nd May, 2009 15:08

    Rugved Dhumale, AVP, Mecklai Financials Services said he expected the rupee to consolidate at 46.95 - 46.98 to a dollar before it starts appreciating significantly

  • Order book at Rs 5900cr, bidding for Rs 28000cr: IRB Infra 

    22nd May, 2009 15:00

    Commenting on the company’s performance, VD Mhaiskar, CMD of IRB Infra said that the debt cost was going down slightly. He further added that there were visible si

  • ITC Q4 net profit up 10% at Rs 808.9 cr

    22nd May, 2009 14:51

    ITC has announced its fourth quarter numbers. Its net profit went up 10% at Rs 808.9 crore as against Rs 736 crore, YoY (CNBC-TV18 estimated at Rs 832.3 crore).

  • Nagarjuna Construction recovers sharply

    22nd May, 2009 14:43

    Nagarjuna Construction Co. touched an intraday high of Rs 124.35 and an intraday low of Rs 114.35. At 2:40 pm, the share was quoting at Rs 122.60, up Rs 7.30, or 6

  • Nagarjuna Fertiliser adds 35 lakh shares in OI 

    22nd May, 2009 14:39

    Nagarjuna Fertiliser was up nearly 10% with a good buildup of nearly 35 lakh shares in open interest (OI) and a good turnover of nearly Rs 150 crore.

  • See demand for property come back in 1 year: Saffron Asset 

    22nd May, 2009 14:35

    On property prices, Ajoy Veer Kapoor of Saffron Asset said that prices won’t remain stagnant for as long as they were when the real estate bubble burst in 1996. "I

  • Hold Kotak Mahindra Bank, target of Rs 695: KRChoksey

    22nd May, 2009 14:21

    KRChoksey has maintained its hold rating on Kotak Mahindra Bank with a target of Rs 695. The company's balance sheet is well positioned to grow advances by 10 – 15

  • NTPC Q4 net profit up 57.7% at Rs 2,113 cr

    22nd May, 2009 14:15

    NTPC has announced its Q4FY09 numbers. Its net profit surged 57.69% to Rs 2,113 crore as against Rs 1,340 crore, YoY.

  • Tech Mahindra up on large volumes

    22nd May, 2009 14:07

    Tech Mahindra touched an intraday high of Rs 476.00 and an intraday low of Rs 419.90. At 2:04 pm, the share was quoting at Rs 473.50, up Rs 57.20, or 13.74%. It wa

  • Mahindra and Mahindra slips further

    22nd May, 2009 13:59

    Mahindra and Mahindra touched an intraday high of Rs 653 and an intraday low of Rs 620.25. At 1:56 pm, the share was quoting at Rs 626.75, down Rs 26.45, or 4.05%.

  • ICICI Bank bounces back

    22nd May, 2009 13:55

    ICICI Bank has bounced back today. It touched an intraday high of Rs 708.90 and an intraday low of Rs 655. At 1:52 pm, the share was quoting at Rs 706.65, up Rs 34

  • Steve Forbes chats with Moneycontrol readers

    22nd May, 2009 13:39

    In India for the launch of Forbes India edition, Forbes CEO Steve Forbes took time out to chat with Moneycontrol readers.

  • S Kumars shoots up smartly

    22nd May, 2009 13:26

    S Kumars Nationwide touched an intraday high of Rs 35.80 and an intraday low of Rs 32.20. At 1:23 pm, the share was quoting at Rs 35.75, up Rs 3.55, or 11.02%. It

  • Union Bank continues to slide

    22nd May, 2009 13:21

    Union Bank of India touched an intraday high of Rs 207 and an intraday low of Rs 188. At 1:18 pm, the share was quoting at Rs 193, down Rs 9.6, or 4.74%. It was tr

  • Deepak Fertilizers marchea ahead

    22nd May, 2009 13:16

    Deepak Fertilizers and Petrochemicals Coprn touched an intraday high of Rs 103.25 and an intraday low of Rs 87.10. At 1:13 pm, the share was quoting at Rs 99.65, u

  • Network 18 Media up on buying interest

    22nd May, 2009 13:08

    Network 18 Media & Investments touched an intra day high of Rs 132.50 and an intra day low of Rs 115. At 1:04 pm, the share was quoting at Rs 132.50, up Rs 18.35,

  • Redington FY09 cons net profit up 17% at Rs 160 cr

    22nd May, 2009 13:02

    Redington India has declared its FY09 numbers. Its net profit went up 17% to Rs 160 crore from Rs 136 crore and operating profit margin (OPM) improved to 2.5% vers

  • Federal Bank FY09 cons net profit up at Rs 472 cr

    22nd May, 2009 12:57

    Federal Bank has announced its FY09 numbers. Its consolidated net profit went up at Rs 472 crore versus Rs 360.1 crore.

  • DMK standoff: PM has emerged stronger, says Sardesai 

    22nd May, 2009 12:54

    Rajdeep Sardesai, Editor-in-Chief of CNN IBN, said, “This is an important moment for [Prime Minister] Manmohan Singh because in a sense he was tested a day before

  • Gammon approves issue of 1.6cr convertible warrants; stk dn

    22nd May, 2009 12:51

    Gammon India touched an intraday high of Rs 177.45 and an intraday low of Rs 150.65. At 12:48 pm, the share was quoting at Rs 157.65, down Rs 4.05, or 2.5%. The co

  • Mkts choppy; capital goods up, metals, realty down

    22nd May, 2009 12:50

    At 13.05 hrs IST, the markets were trading with some volatility. Buying interest was seen in capital goods, pharma, banks, oil & gas and FMCG stocks.

  • Tata Motors takes further dip

    22nd May, 2009 12:46

    Tata Motors touched an intraday high of Rs 367.90 and an intraday low of Rs 338.50. At 12:42 pm, the share was quoting at Rs 346, down Rs 11.45, or 3.2%. It was tr

  • Larsen gains smartly

    22nd May, 2009 12:41

    Larsen and Toubro touched an intraday high of Rs 1,289.80 and an intraday low of Rs 1,221. At 12:38 pm, the share was quoting at Rs 1,280, up Rs 37.40, or 3.01%. I

  • Nifty below 4200; ONGC, SBI, SAIL dip, RIL, L&T, HDFC up

    22nd May, 2009 12:22

    At 12:18 hours IST, the benchmark indices were trading marginally lower on the back of selling in oil & gas (barring Reliance Industries), realty, technology, meta

  • ITC net sales seen up 10.1% at Rs 4330.7 cr 

    22nd May, 2009 12:09

    ITC is to announce its fourth quarter results. According to CNBC-TV18 estiamtes, the company's Q4 net sales are seen up 10.1% at Rs 4330.7 crore versus Rs 3934.4 c

  • Hold Nagarjuna Fertilisers: Kapadia 

    22nd May, 2009 11:48

    Hemen Kapadia, CEO,Chartpundit.Com is of the view that Nagarjuna Fertilisers and Chemicals has target of Rs 44. One can hold it at this level.

  • Idea Cellular a good bet: S Verma 

    22nd May, 2009 11:44

    Sanju Verma, CEO, Institutional Business Proactive Universal Group feels that Idea Cellular is a good bet.

  • Freeing up fuel pricing?  

    22nd May, 2009 11:42

    There is a buzz that the reform changes in the fuel pricing may lead to freeing up of fule pricing. The government is mulling over to introduce this mechanism. But

  • Indiabulls locked at 5% upper circuit

    22nd May, 2009 11:33

    At 11:29 am, Indiabulls Financial Services was locked at 5% upper circuit. It has touched an intraday high of Rs 185.95 and an intraday low of Rs 185.95. The share

  • Sell Mentha Oil MCX May Future at Rs 542: Hem

    22nd May, 2009 11:30

    Hem Securities has recommended to sell Mentha Oil MCX May Future at Rs 542 with a stoploss of Rs 548 and target of Rs 533.

  • Expect $20mn revenues from Indian mkt: Core Projects 

    22nd May, 2009 11:26

    Shekar Iyer, President of Core Projects expects USD 20 million revenues form the Indian markets alone in the next one year. He added that in next 12 to 18 months t

  • Sterlite Industries among major losers

    22nd May, 2009 11:10

    At 11:07 am, Sterlite Industries (India) was among major losers on the Nifty. It touched an intraday high of Rs 532 and an intraday low of Rs 509.50. The share was

  • GAIL India slips further

    22nd May, 2009 11:04

    GAIL India touched an intraday high of Rs 306 and an intraday low of Rs 285.95. At 11:01 am, the share was quoting at Rs 290.15, down Rs 12.55, or 4.15%. It was tr

  • Instanex FII Index up 1.28%

    22nd May, 2009 11:00

    At 11 am, the Instanex FII Index is up 1.28% at 298.19 (+0.66% at 10 am) and the Instanex DII 15 portfolio is up 0.43% (+0.09% at 10 am). Sensex is 0.51% (+0.04% a

  • Madhucon Proj bags order worth Rs 196.24cr, stock up

    22nd May, 2009 10:46

    Madhucon Projects touched an intraday high of Rs 120.50 and an intraday low of Rs 120.50. At 10:42 am, the share was quoting at Rs 120.50, up Rs 5.70, or 4.97%. Th

  • Indian GDRs: L&T slips 12.4%, Sterlite down 5%

    22nd May, 2009 10:39

    Indian GDRs: L&T, Sterlite, Tata Comm, SBI, RIL, Satyam, Infosys , GAIL and ICICI bank slipped, while Tata Motors, Ranbaxy and Dr Reddys ained.

  • Instanex FII Index up 0.66%

    22nd May, 2009 10:30

    At 10 am, the Instanex FII Index is up 0.66% at 296.37 and the Instanex DII 15 portfolio is up 0.09%. Nifty is up 0.09% and Sensex is up 0.04%. The other Instanex

  • Reliance Capital leads gainers on the Nifty

    22nd May, 2009 10:23

    At 10:21 am, Reliance Capital was top gainer on the Nifty. It touched an intraday high of Rs 904 and an intraday low of Rs 848. The share was quoting at Rs 901.55,

  • Significant retracement is on cards: Sudarshan Sukhani 

    22nd May, 2009 10:01

    Sudarshan Sukhani of Technical Trends said a significant retracement is on the cards. The elections resulted in a 600-point jump, he said, adding that that is trad

  • BPCL slips on profit booking

    22nd May, 2009 10:00

    BPCL touched an intraday high of Rs 444 and an intraday low of Rs 423. At 10:02 am, the share was quoting at Rs 429, down Rs 15.5, or 3.49%. It was trading with vo

  • Sensex has support at 13550-13400: Nirmal Bang

    22nd May, 2009 09:56

    According to Nirmal Bang's report, for the near term support for Nifty is at placed at 4160-4110 and resistance is 4245-4295-4320. And for the Sensex support is at

  • Expect partial recovery: Mohoni

    22nd May, 2009 09:48

    European markets fell sharply last night, and the US indices also suffered a fairly heavy fall. The Hang Seng and Nikkei are marginally down this morning and above

  • US markets end lower 

    22nd May, 2009 09:37

    Stocks took a beating today over some dire news about the employment picture here in the US. The Dow finish down about 130 points, the S&P 500 lost 15 points; the

  • FIIs net sell Rs 1,056 cr in Nifty futures 

    22nd May, 2009 09:25

    The Nifty Open Interest PCR (put-call ratio) declined to 1.19 versus 1.23. FIIs were net sellers to the tune of Rs 1,056 crore in Nifty futures, where in Open Inte

  • Mkt may consolidate more from here 

    22nd May, 2009 09:17

    "This is the end of a historic week. Interestingly, the market started and the week with politics on its mind and ends with too - with the Cabinet being sworn in t

  • MFs and insurance hope parity from new govt

    22nd May, 2009 09:07

    In the last budget the government proposed convergence of guidelines for all financial products. But a year down the line, it's been all talk and no action. CNBC-T

  • Nifty can go up to 4400-4470: Deven Choksey

    22nd May, 2009 09:01

    The market may bounce back over the next few days. The Nifty can go up to 4,400-4,470, while the support is seen between 4,080-4,020, Deven Choksey said.

  • Nokia Siemens moves HC against BSNL

    22nd May, 2009 08:59

    The spat between Nokia Siemens and Bharat Sanchar Nigam Ltd over the latter’s decision to disqualify the Finnish company’s offer for the 93-million-line GSM contra

  • Rise in property tax burdens realty cos

    22nd May, 2009 08:56

    Companies renting commercial office space in Mumbai will have to shell out more rentals. That's because the Mumbai city corporation, the BMC, has hiked property ta

  • Fund Action witnessed in HT Media, Karnataka Bank

    22nd May, 2009 08:52

    Fund Action witnessed in HT Media , Karnataka Bank, PTC India , Rolta, NIIT, Aurobindo Pharma , Gateway Distriparks and Indiabulls Real Estate.

  • Nifty forms strong base at 4,000: Hemant Thukral

    22nd May, 2009 08:42

    The Nifty has formed a strong base at 4,000 with huge Put writing. We have seen short positions in Hero Honda, Cipla and ITC, while long unwinding in other large c

  • PTC India to tap into QIPs to raise funds

    22nd May, 2009 08:41

    PTC India is the first public sector company to tap the qualified institutional placement (QIP) market. Sources tell CNBC-TV18, that PTC is raising USD 75 to 105 m

  • Insurance cos examining opportunities to list in mkts

    22nd May, 2009 08:40

    The insurance regulator IRDA is working on guidelines for insurance companies that are planning to go public. Companies like SBI Life, HDFC Standard Life and ICICI

  • Stocks in news: Bharti, Dr Reddy's, Ranbaxy, DLF, Maytas

    22nd May, 2009 08:38

    Bharti Airtel, Dr Reddy's Labs, Ranbaxy, Gammon India, Jindal Saw, DLF, Maytas Infra, Reliance Capital, HDIL and Man Industries are stocks, which are in the news t

  • Support for Sensex at 13450: Gaba

    22nd May, 2009 08:35

    The support for the Sensex is 13450 and the resistance to the up move is at 14325-14452-16046. The support for the Nifty is at 4150 and the resistance to the up mo

  • Nifty likely to witness range of 4290-4120: Bhambwani

    22nd May, 2009 08:32

    The coming session is likely to witness a range of 4290 on advances and 4120 on declines. The bullish pivot will be at the 4270 levels above which the outlook will

  • Indian ADRs: Tata Motors up 7%, Tata Comm down 4.7%

    22nd May, 2009 08:22

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

  • Independent directors' issue takes govt's highest priority 

    22nd May, 2009 08:17

    The Primary Market Advisory Committee (PMAC) that met on Monday, May 18, actually took up the Nimesh Kampani issue from the Nagarjuna Finance case. The issue has n

  • Base metals decline on weak economic outlook 

    22nd May, 2009 08:11

    Gold gained 1.5%, to settle at 2-month high of $951.20 an ounce. Silver went up 1.2%, to settle at $14.44/oz. However, Base metals declined on weak economi

  • Asia trading mixed; Hang Seng up, Nikkei down

    22nd May, 2009 08:04

    At 8: 05 am (IST), Asian markets were trading mixed. China's Shanghai Composite was down 0.38% or 9.97 points at 2,600.64. Japan's Nikkei was down 0.08% or 7.35 po

  • 8 banking amendment bills await approval

    22nd May, 2009 07:54

    As soon as the new cabinet is formed, it will have a note ready from the banking division of the Finance Ministry seeking approval for amendments to eight bills.

  • IRB Infra Q4 PAT at Rs 42.23 cr

    22nd May, 2009 07:27

    IRB Infra has announced its fourth quarter numbers. It has reported profit after tax (PAT) of Rs 42.23 crore and net sales of Rs 321.10 crore. Its operating profit

  • See 50% growth in current topline: Nitin Fire Protection 

    22nd May, 2009 04:32

    Commenting on the results, Rahul Shah, ED of Nitin Fire Protection, said he sees a 50% growth in the company’s current topline as far as high pressure cylinder bus

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