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Moneycontrol News Archive : 29 May, 2009

  • FICCI calls for simpler taxes, single-digit interest rates 

    29th May, 2009 22:21

    Harsh Mariwala, Vice President, FICCI, wants Fringe Benefit Tax removed and wants direct taxes rationalised and made simpler. Harsh Pati Singhania, President, FICC

  • See GDP growth at 6.3% in FY10: Nomura 

    29th May, 2009 21:18

    Sonal Varma, India Economist, Nomura, sees the Indian economy growing at 6.3% in FY10. "We were earlier at 5.3%. We are now confident that a domestic demand-led re

  • Is Salman Khursheed right minister for Corporate Affairs? 

    29th May, 2009 21:00

    Congress politician Salman Khursheed, elected to the Lok Sabha from Farukhabad, took independent charge of the Ministry of Corporate Affairs today. Khursheed may j

  • No headway in Subhiksha's corporate debt restructuring 

    29th May, 2009 19:39

    Even though much has been speculated on retail giant Subhiksha's revival plans, credible proposal for the corporate debt restructuring (CDR) process is yet come on

  • NSE to suspend trading in Jaypee Hotels, MALCO

    29th May, 2009 18:53

    The NSE (National Stock Exchange) will suspend the Jaypee Hotels from trading w.e.f. June 5, 2009 (i.e. closing hours of trading on June 4, 2009) and the Madras Al

  • Jaypee Group targets over 15% guidance in FY10 

    29th May, 2009 18:45

    Rita V Dixit, Director of Jaypee Group, said the success of Jaypee Greens Aman lies in giving the right product at the right price while retaining the quality leve

  • MFs net buy Rs 104 cr in equities on May 28

    29th May, 2009 18:33

    On May 28, 2009, mutual funds (MFs) were net buyers to the tune of Rs 104.70 crore in equities. They made gross purchase of Rs 1662.80 crore and gross sales of Rs

  • Instanex FII Index up 1.92%

    29th May, 2009 18:16

    At close, the Instanex FII Index was up 1.92% at 312.23 (+2.38% at 3 pm) and the Instanex DII 15 portfolio was up 2.15% (+2.66% at 3 pm). Nifty was up 2.58% (+3.1

  • GMR Int'l buys Intergen's stake in Singapore Island Power 

    29th May, 2009 17:41

    Ranjith Murugason of GMR International said they purchased the project simply because they believe in the value of the project and the long-term prospects of provi

  • Rupee, bonds end higher

    29th May, 2009 17:36

    The Indian rupee ended at one-week high as more-than-expected rise in Jan-Mar GDP growth boosted shares and spurred FII inflows. The Indian rupee ended higher at R

  • Expect 5-10% upside in IVRCL Infra: Bose 

    29th May, 2009 17:05

    Technical Analyst, Rajat K Bose is of the view that one can expect atleast 5-10% upside in IVRCL Infrastructure and Projects.

  • Crude has resistance at $69-75/bbl 

    29th May, 2009 17:00

    Crude price gained 7% for this week. It traded above USD 60 per barrel for most of this week and previous week. The immediate range that may be seen for the comin

  • Panacea Biotech sees turnaround with 16% growth in sales 

    29th May, 2009 16:52

    Rajesh Jain, Joint MD, Panacea Biotec, said the company has clocked excellent sales in Q4. "The company has seen a complete turnaround with 16% growth in revenues

  • Selan Exploration has target of Rs 236-244: Bose 

    29th May, 2009 16:48

    Technical Analyst, Rajat K Bose is of the view that Selan Exploration Technology has short term target of Rs 236-244.

  • Reduce Indraprastha Gas; target of Rs 122: Angel Broking

    29th May, 2009 16:42

    Angel Broking has recommended a reduce rating on Indraprastha Gas with a price target of Rs 122. For 4QFY2009, IGL reported 21.8% yoy jump in operating income to R

  • Don't see much upside in HPCL below Rs 398: Bose 

    29th May, 2009 16:38

    Technical Analyst, Rajat K Bose is of the view that there is no short term scope in Hindustan Petroleum Corporation, HPCL unless it crosses Rs 398.

  • See 30-35% revenue growth in FY10: IVRCL Infra 

    29th May, 2009 16:29

    Sudhir Reddy, CMD of IVRCL Infrastructure said. “We have bagged order of Rs 1200 crore in 2009.” He said that the total order book of IVRCL Infra stands at 14500 c

  • Expectations of SME sector from Budget '09: BMR Advisors

    29th May, 2009 16:29

    With no concrete signs yet of the economic recession abating, the Finance Minister is going to have his hands full trying to balance the competing requirements of

  • Voltas FY09 net profit at Rs 251.40 cr

    29th May, 2009 16:18

    Voltas has announced its FY09 results. The company's FY09 net sales were up 35% at Rs 4325.9 crore versus Rs 3202.93 crore.

  • BPCL Q4 net profit up at Rs 3,628 cr

    29th May, 2009 16:05

    Bharat Petroleum Corporation has announced its fourth quarter results. The company’s Q4 net profit was up at Rs 3,628 crore versus Rs 58.4 crore.

  • Apurva Shah neutral on banking space 

    29th May, 2009 15:53

    Apurva Shah, VP & HOR, Prabhudas Lilladher is neutral on banking space. There is margin pressure that is going to be there for some more time at least one-two quar

  • Mkts end strong on good GDP nos, hopes of free fuel pricing

    29th May, 2009 15:37

    The benchmark indices showed spectacular performance on the first day of June series. Positive announcements from the oil ministry about deregulation of oil prices

  • Buy Aban Offshore for short term: Mohoni 

    29th May, 2009 15:30

    Technical Analyst, Deepak Mohoni is of the view that one can buy Aban Offshore purely from a short-term perspective. A good short-term trade makes quick moves in a

  • Hold on to highly illiquid pharma cos: Experts 

    29th May, 2009 15:18

    Shahina Mukadam, Director of Varun Capital Markets said that the multi national parent companies are sort of cornering. One doesn’t have too much of choice because

  • Asian markets end higher; Hang Seng up 1.60%

    29th May, 2009 15:15

    Asian markets ended higher. Hong Kong's Hang Seng gained 1.60% or points at 18,171.00. Japan's Nikkei rose 0.75% or points at 9,522.50. Singapore's Straits Times s

  • Hindustan Construction gains 7.4%

    29th May, 2009 15:04

    Hindustan Construction Company touched an intraday high of Rs 118.80 and an intraday low of Rs 110.90. At 3:01 pm, the share was quoting at Rs 118.00, up Rs 8.20,

  • Hindalco Industries moves up smartly

    29th May, 2009 15:00

    Hindalco Industries touched an intraday high of Rs 85.90 and an intraday low of Rs 81.50. At 3:03 pm, the share was quoting at Rs 85, up Rs 3.50, or 4.29%. It was

  • Tata Steel makes a solid gain

    29th May, 2009 14:54

    Tata Steel touched an intraday high of Rs 411.80 and an intraday low of Rs 383.60. At 2:49 pm, the share was quoting at Rs 408.30, up Rs 24.70, or 6.44%. It was tr

  • Lanco Infratech good for short term trading: Mohoni 

    29th May, 2009 14:52

    Technical Analyst, Deepak Mohoni is of the view that Lanco Infratech is primarily for short-term trading. The good time to get in for long-term is only when there

  • See potential in infra, financials: Fortis Investments 

    29th May, 2009 14:38

    Simon Godfrey of Fortis Investments sees potential in infrastructure, financials. “We remain convinced that infrastructure needs spending in India and across Asia.

  • Hold Novartis India: G Shanbhag 

    29th May, 2009 14:34

    Ganesh Shanbhag, CEO-SMS Financial Services is of the view that one should not participate in Novartis. The fact is though they are increasing their stake they wil

  • Tata Comm among major losers

    29th May, 2009 14:22

    At 2:20 pm, Tata Communications was among major losers on the Nifty. It touched an intraday high of Rs 505 and an intraday low of Rs 475.40. The share was quoting

  • Indiabulls Securities locked at 10% upper circuit

    29th May, 2009 14:19

    At 2:16 pm, Indiabulls Securities was locked at 10% upper circuit. It touched an intraday high of Rs 53.65 and an intraday low of Rs 49. The share was quoting at R

  • IVRCL Infra Q4 net profit up at Rs 79.8 cr

    29th May, 2009 14:11

    IVRCL Infra has announced its fourth quarter results. The company's Q4 net profit was up at Rs 79.8 crore versus Rs 73.3 crore.

  • Ashok Leyland turns up

    29th May, 2009 14:05

    Ashok Leyland touched an intraday high of Rs 32.25 and an intraday low of Rs 30. At 2:01 pm, the share was quoting at Rs 31.80, up Rs 1.95, or 6.53%. It was tradin

  • Revival in service sector will be much faster: G Rao

    29th May, 2009 13:52

    Govinda Rao, Director, NIPFP is of the view that with the expectation of a political stability and if you have a good Budget, which gives the right signal then the

  • Nifty holds 4450 led by oil & gas, cap goods, metals

    29th May, 2009 13:46

    At 13:42 hours IST - the continuous buying in oil & gas, realty, capital goods, metal, telecom and power stocks was helping the markets to remain on the stronger s

  • Profits of ONGC will multiply: VK Sharma 

    29th May, 2009 13:43

    VK Sharma of Anagram Stock Broking feels that profits of ONGC will multiply from here in case free pricing is done. In that case ONGC is a bigger bet even bigger t

  • Reliance Industries forges ahead

    29th May, 2009 13:37

    Reliance Industries touched an intraday high of Rs 2,304 and an intraday low of Rs 2,213. At 1:36 pm, the share was quoting at Rs 2,293, up Rs 72.45, or 3.26%.

  • Johnny Depp, Wong Kar Wai in town!

    29th May, 2009 13:35

    Palador presents World Cinema at Fun Cinemas in Mumbai

  • All you wanted to know about free fuel pricing

    29th May, 2009 13:11

    The Oil Ministry on Friday said it would go the Cabinet to seek a nod for deregulating fuel prices. However, is a completely deregulated environment possible? Perh

  • Instanex FII Index up 2.20%

    29th May, 2009 13:05

    At 1 pm, the Instanex FII Index is up 2.20% at 313.07 (+2.22% at 12 noon) and the Instanex DII 15 portfolio is up 2.79% (+2.58% at 12 noon). Nifty is up 2.92% (+2.

  • European markets trading higher; CAC, DAX up

    29th May, 2009 13:04

    At 1 pm (IST), European markets were trading higher. CAC 40 rose 1.24% or 40.57 points at 3,304.27. DAX added 1.41% or 69.52 points at 5,002.40. FTSE 100 gained 1.

  • See some profit booking around 4500: Quant Broking 

    29th May, 2009 13:00

    Biju Samuel of Quant Broking said the Nifty had key support at 4100, it had turned around from there. He expected some profit booking around the 4500 levels. “Upsi

  • Mundra Port gains 6.7%

    29th May, 2009 12:48

    Mundra Port and Special Economic Zone touched an intraday high of Rs 649.95 and an intraday low of Rs 593.85. At 12:45 pm, the share was quoting at Rs 627, up Rs 3

  • Expansion plans in line regardless of mkt action: Religare 

    29th May, 2009 12:43

    Sunil Godhwani, CEO and MD of Religare Enterprises said that the firm’s brokerage business has seen a pick up in the last six to eight weeks and added that Religar

  • SAIL among major gainer

    29th May, 2009 12:31

    At 12:29 pm, Steel Authority of India, SAIL was among major gainer on the Nifty. It touched an intraday high of Rs 176 and an intraday low of Rs 166.05. The share

  • IOC shoots up smartly

    29th May, 2009 12:28

    At 12:24 pm, Indian Oil Corporation, IOC touched a 52-week high of Rs 649.95. The share was quoting at Rs 632.05, up Rs 62.10, or 10.90%. It was trading with volum

  • Sensex races past 14600 on oil deregulation expectations

    29th May, 2009 12:24

    At 12:19 hours IST, the positive newsflow from the oil and steel ministry and better-than-expected GDP (gross domestic product) numbers elevated the benchmark indi

  • BPCL makes smart gain

    29th May, 2009 12:18

    BPCL touched a 52-week high of Rs 499. At 12:15 pm, the share was quoting at Rs 477.25, up Rs 29.10, or 6.49%. It was trading with volumes of 512,303 shares. Yeste

  • Cairn India advances 6%

    29th May, 2009 12:15

    Cairn India touched an intraday high of Rs 233.50 and an intraday low of Rs 222. At 11:59 am, the share was quoting at Rs 231.50, up Rs 13.45, or 6.17%. It was tra

  • Stay away from textiles sector: Sukhani 

    29th May, 2009 12:07

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

  • Need to boost India's steel output and demand: Steel Min

    29th May, 2009 12:05

    The Ministry of Steel has said there was an urgent need to address the issue of cheaper imports. "There is a need to boost India's steel output and demand. Steel A

  • Sugar in consolidating phase: Sukhani 

    29th May, 2009 12:00

    Technical Analyst, Sudarshan Sukhani said that, "Sugar gives the impression that it is now consolidating and I don’t know if it will consolidate or actually correc

  • ACC maintains its march ahead

    29th May, 2009 11:51

    ACC touched an intraday high of Rs 765 and an intraday low of Rs 713.80. At 11:47 am, the share was quoting at Rs 758.50, up Rs 37.25, or 5.16%. It was trading wit

  • Govt walks the reform talk, to fast-track oil deregulation 

    29th May, 2009 11:42

    The Oil Ministry has said that deregulation of oil prices would be taken up by the Cabinet soon and added that tax breaks for gas production would also be taken up

  • Amit Dalal remains cautious on shipping sector 

    29th May, 2009 11:32

    Amit Dalal of Amit Nalin Securities remains very cautious on shipping. Orders have been cancelled from shipyards because there is not that much freight to be carri

  • Nifty crosses 4400 on better-than-expected GDP nos

    29th May, 2009 11:24

    At 11:21 hours IST - the benchmark indices gained more strength post the better-than-expected GDP (gross domestic product) numbers for the fourth quarter and FY09.

  • Siemens to expand capacity of Gujarat factory, stock up

    29th May, 2009 11:07

    Siemens touched an intraday high of Rs 497.50 and an intraday low of Rs 482. At 11:03 am, the share was quoting at Rs 495, up Rs 16.60, or 3.47%. The company is go

  • Instanex FII Index up 1.36% at 11 am

    29th May, 2009 11:01

    At 11 am, the Instanex FII Index is up 1.36% at 310.51 (+1.03% at 10 am) and the Instanex DII 15 portfolio is up 1.59% (+1.14% at 10 am). Nifty is up 1.52% (+1.07%

  • Mkts trade higher; realty, metals, telecom, cap goods gain

    29th May, 2009 10:52

    At 10:48 hours IST, the markets were trading higher and getting support from telecom, metal, realty, capital goods, technology and financial stocks. The broader in

  • Investors should be cautious in June: Amit Nalin Sec 

    29th May, 2009 10:51

    “I think that this rally, which we have seen now from 8,000 to 14,000, is in its last leg and it is something that one should be very careful with throughout the m

  • See major policy changes for textile sector: Gokaldas 

    29th May, 2009 10:45

    Rajendra Hinduja, ED, Gokaldas Exports, said the election of Dayanidhi Maran as textile minister was a welcome change. "We are meeting the Finance Secretary next w

  • Be careful while taking a call on high beta midcap: A Dalal 

    29th May, 2009 10:40

    Amit Dalal of Amit Nalin Securities is of the opinion that one should be very-very careful while taking midcap call, which is always a high beta call.

  • Rico Auto to consider issue of convertible warrants; stk up

    29th May, 2009 10:33

    Rico Auto touched an intraday high of Rs 20.36 and an intraday low of Rs 19.58. At 10:29 am, the share was quoting at Rs 20.20, up Rs 0.72, or 3.70%. The company's

  • Nifty faces resistance in 4400-4500 band: Sukhani 

    29th May, 2009 10:25

    Sudarshan Sukhani of Technical Trends believes that there is very strong resistance between 4,400-4,500 at the Nifty. He suggested traders to go long and said that

  • Indian GDRs: ICICI Bank gains 5%, Tata Motors up 4.8%

    29th May, 2009 10:16

    Indian GDRs: ICICI Bank, Tata Motors, Sterlite, Grasim, ITC, Infosys, Dr Reddys, L&T, RIL, Satyam and SBI gained.

  • Reliance Comm top gainer on the Sensex

    29th May, 2009 10:10

    At 10:08 am, Reliance Communications was the top gainer on the Sensex. It touched an intraday high of Rs 307.80 and an intraday low of Rs 301.25. The share was quo

  • Will complete 3G auction in two months: A Raja 

    29th May, 2009 10:07

    Commenting on the 3G auction, Andimuthu Raja said that the exercise started earlier would continue. He also said that he aimed to complete the auction within two m

  • Correction on anvil but don't exit fully: Mark Mobius 

    29th May, 2009 10:00

    Mark Mobius, Managing Director, Templeton Asset Management said that he sees a correction soon but added that there was a lot of money waiting on the sidelines and

  • GMR Infra SPV wins Hyderabad-Vijayawada project; stk up

    29th May, 2009 09:58

    GMR Infrastructure touched an intraday high of Rs 166.95 and an intraday low of Rs 165. At 09:57 am, the share was quoting at Rs 166.50, up Rs 4.10, or 2.52% on th

  • Nifty has resistance at 4360-4380: Nirmal Bang

    29th May, 2009 09:45

    According to Nirmal Bang's report, for today, support for nifty is at 4305-4270 and resistance is placed at 4360-4380.

  • Expect positive opening: Karvy

    29th May, 2009 09:37

    According to Karvy Stock Broking's Technical Analysis report, the indices are expected to open on a positive note following the gains among the US markets, the Asi

  • Nifty Open Interest PCR starts at 0.95 vs 1.10 

    29th May, 2009 09:23

    Nifty Open Interest PCR (put-call ratio) started at 0.95 versus 1.10 at beginning of last series. The Nifty 4200 Put added 7 lakh shares and Nifty 4500 Call added

  • Bearish trend in bond mkt to continue: Kotak Mahindra Bank

    29th May, 2009 09:08

    According to Mohan Shenoi, Kotak Mahindra Bank, bearish trend in bond market will continue today since the size of government borrowing and management of fiscal de

  • Expect moderate rally: Mohoni

    29th May, 2009 09:05

    European markets declined last night, while the US indices posted gains. Asian markets are generally up this morning, and the global short-term trend is up, but wi

  • Multiplex association approaches CCI against producers

    29th May, 2009 09:01

    Barely a week after the Centre notified specific provisions of the Competition Act, the Competition Commission of India (CCI) has received its first formal complai

  • Expect June to be another positive month: Dipan Mehta 

    29th May, 2009 08:55

    Internals also look good with solid fund flows from FIIs, DIIs and HNIs. Dipan Mehta expects June to be another positive month.

  • Bhatt explains why associate banks should pay royalty

    29th May, 2009 08:51

    The associate banks of State Bank of India might have to start paying royalty for using the State Bank logo by the end of 2009-10.

  • CNBC-TV18 poll sees FY09 GDP growth at 7-yr low of 6.52%

    29th May, 2009 08:42

    India’s, Gross Domestic Product or GDP numbers are expected to be released today. A CNBC-TV18 poll indicates that the fourth quarter GDP number could come in margi

  • Fund Action witnessed in Suzlon Energy, Indage Vintners

    29th May, 2009 08:39

    Fund Action witnessed in Suzlon Energy , Indage Vinters, Alok Industries , Emami, Escorts India , Everonn Systems , Gateway Distriparks , Pyramid Saimira , SEL Man

  • Market cues: FIIs net buy $91.7 mn

    29th May, 2009 08:32

    Market cues: FIIs net buy USD 91.7 million and MFs net buy Rs 1,004 crore in equities on May 27.

  • Crude hits 6-month high, tests $65/bbl

    29th May, 2009 08:30

    Crude shot up to near a six-month high of USD 65 per barrel as the OPEC left production quotas unchanged and a report showed that that crude inventories were pared

  • F&O cues: Market-wide rollover at 77%

    29th May, 2009 08:27

    F&O cues: Market-wide rollover at 77% versus 76% last series. Nifty Rollover at 63% versus 74% last series.

  • Midcaps, smallcaps may outperform ahead of budget 

    29th May, 2009 08:23

    The broader range is between 4,000 and 4,500 on the Nifty but the feedback is that there is still lot of appetite for the midcaps and smallcaps. They may outperfor

  • Nifty likely to witness range of 4420-4260: Bhambwani

    29th May, 2009 08:19

    The coming session is likely to witness a range of 4420 on advances and 4260 on declines. The bullish pivot will be at the 4300 levels above which the outlook will

  • Nifty has resistances at 4400 -4500: Gujral

    29th May, 2009 08:17

    The market may have positive opening today on account of good global cues. Nifty has supports at 4200-4260 and resistances are at 4400 -4500.

  • Indian ADRs: ICICI Bank gains 5%, Tata Motors up 4.8%

    29th May, 2009 08:07

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

  • Asian markets trading mixed; Hang Seng, Nikkei flat

    29th May, 2009 08:00

    At 7:59 am (IST), Asian markets were trading mixed. Hong Kong's Hang Seng was flat at 17,890.28. Japan's Nikkei was flat at 9,457.17. Singapore's Straits Times r

  • BPCL Q4 net profit seen up at Rs 3,326 cr

    29th May, 2009 07:19

    BPCL (Bharat Petroleum Corporation) is to declare its fourth quarter numbers. According to CNBC-TV18 estimates, its net profit is expected to go up at Rs 3,326 cro

  • Rishabhdev Technocable FPO to open on June 4

    29th May, 2009 21:37

    Rishabhdev Technocables’ follow-on public offer aggregating around Rs 30 crore will open on June 4, 2009 and close on June 9, 2009. This is the first Public Offer

  • India's economic strength strong: Moody's 

    29th May, 2009 21:00

    Aninda Mitra of Moody's said they have assigned India a medium ranking with regard to its economic strength which is quite strong.

  • Govt gets stricter on rules governing applications for SEZs 

    29th May, 2009 20:14

    The government has got stricter with rules governing applications for special economic zones to ensure that only serious players who have proper plans apply for SE

  • US markets open higher; Dow up 21 points

    29th May, 2009 19:11

    At 19.05 hrs (IST)- The US markets opened higher. The Dow Jones Industrial Average was up 21.19 points, or 0.25%, to 8,424.99. The Nasdaq was up 1.34 points, or 0.

  • Under recoveries in kerosene, LPG high: BPCL 

    29th May, 2009 18:52

    SK Joshi, Director of Finance, BPCL, said under recoveries on petrol and diesel are currently lower but the same for kerosene and LPG continue to be on the higher

  • Euphoric Ride: Mkts surge 28% in May, 5% this week

    29th May, 2009 18:33

    It was a great month for the markets. The markets rallied to lot of important events that occoured in May. Realty, metal, capital goods and banking sectors witness

  • Buy Jindal Steel & Power: Motilal Oswal

    29th May, 2009 18:18

    Motilal Oswal has maintained its buy rating on Jindal Steel & Power. Saleable steel sales increased 32% YoY to 477,000 tons. Sales of sponge iron increased 69% YoY

  • FIIs net buy Rs 2129.10 cr in equities on May 28

    29th May, 2009 18:15

    On May 28, 2009, foreign institutional investors (FIIs) were net buyers to the tune of Rs 2129.10 crore in equities. They made gross purchase of Rs 5870.90 crore a

  • Finances in industrial nations precarious: Ex-IMF Economist 

    29th May, 2009 17:41

    Former International Monetary Fund (IMF) Chief Economist, Raghuram Rajan said that the US economy was going to run large fiscal deficits for the foreseeable future

  • Rally fuelled by too much hope, 16K possible: Experts 

    29th May, 2009 17:34

    Experts Apurva Shah, Vice President and Head of Research, Prabhudas Lilladher, and Investment Analyst R Balakrishnan view the current upmove as a belief rally driv

  • Punj Lloyd can go upto Rs 215-220: Bose 

    29th May, 2009 17:00

    Technical Analyst, Rajat K Bose is of the view that Punj Lloyd can go upto Rs 215-220.

  • Vijaya Bank has resistance above Rs 50: Bose 

    29th May, 2009 16:55

    Technical Analyst, Rajat K Bose is of the view that Vijaya Bank has resistance above Rs 50.

  • Not much upside in steel stocks: R Balakrishnan 

    29th May, 2009 16:48

    R Balakrishnan, Investment Analyst is of the view that there is not much more upside in steel stocks from here because prices have more or less capped out.

  • Expect Rs 2100cr turnover next yr: Bajaj Electricals 

    29th May, 2009 16:44

    R Ramakrishnan, Executive Director of Bajaj Electricals in an exclusively interview to CNBC-TV18 said, the growth has been stupendous in spite of difficult times.

  • Skindia GDR Index up 2.62% to 1996.87

    29th May, 2009 16:40

    The Skindia GDR Index was up 2.62% to 1996.87 at 3:30 pm IST over the previous day’s 3:30 pm IST Index. The Top DR gainers were: Ranbaxy was up 17.60%, GAIL was up

  • Sell Cummins India; target of Rs 195: Emkay Global

    29th May, 2009 16:35

    Emkay Global Financial Services has maintained sell rating on Cummins India with a price target of Rs 195. Revenue for the quarter was at Rs 10.2 billion an increa

  • Orderboook at Rs1300cr: Hindustan Dorr Oliver 

    29th May, 2009 16:29

    SC Sekaran, Executive Director of Hindustan Dorr Oliver in an interview with CNBC-TV18 said that the company’s current orderbook stood at Rs1300 crore and that he

  • Buy Bharti Airtel; target of Rs 952: Emkay Global

    29th May, 2009 16:26

    Emkay Global Financial Services has recommended a buy rating on Bharti Airtel with a price target of Rs 952. The research firm recommends investors to use the curr

  • Hope to increase EBITDA to about 10% in FY10: Nagarjuna 

    29th May, 2009 16:09

    YD Murthy, Executive VP – Finance, Nagarjuna Constructions, said the company’s fourth quarter was below their expectations. Murthy said, “In the current year, we a

  • Buy Dishman Pharma, target of Rs 230: Hem Securities

    29th May, 2009 16:01

    Hem Securities has recommended a buy rating on Dishman Pharmaceuticals & Chemicals with price target of Rs 230. The company is a leader in CRAM business amongst th

  • Firstsource adds 17 lakh shares in open interest 

    29th May, 2009 15:42

    The stock futures added 4 crore shares and the Nifty futures added 25 lakh shares in open interest. Firstsource saw a good activity and addition of nearly 17 lakh

  • Mkts shoot up 5% this week; metals, cap goods, IT gain

    29th May, 2009 15:31

    The markets closed the week on a positive note. The 30-share BSE Sensex surged 5.3% and the Nifty gained 4.97%. Among the broader indices, the Nifty Junior was up

  • Instanex FII Index up 2.38%

    29th May, 2009 15:20

    At 3 pm, the Instanex FII Index is up 2.38% at 313.62 (+2.23% at 2 pm) and the DII 15 portfolio is up 2.66% (+2.80% at 2 pm). Nifty is up 3.16% (+2.97% at 2 pm) an

  • Selan Exploration soars high

    29th May, 2009 15:16

    Selan Exploration Technology touched an intraday high of Rs 207 and an intraday low of Rs 180.20. At 3:12 pm, the share was quoting at Rs 203.05, up Rs 26.10, or

  • Sebi passes interim order against Dipak Patel 

    29th May, 2009 15:12

    The Securities and Exchange Board of India (Sebi) has passed interim order against Dipak Patel for frontrunning Passport Capital's buy, sell orders. CNBC-TV18's Ni

  • Sensex tests 14700; ONGC, RIL, NTPC, Bharti, SAIL, L&T lead

    29th May, 2009 15:00

    At 14:54 hours IST, the benchmark indices extended gains and were trading strong. The Sensex surpassed the 14700 level while the Nifty was inching towards the 4500

  • P Lilladher positive on power, construction 

    29th May, 2009 15:00

    Apurva Shah, VP & HOR at Prabhudas Lilladher is continue to remain positive on the infrastructure related sectors which is construction and power sector.

  • See OPM of 13-15% in FY10: Welspun Gujarat Stahl Roh 

    29th May, 2009 14:52

    Welspun Gujarat Stahl Roh has declared its FY09 results. The company’s net profit was at Rs 213.52 crore and net sales were at Rs 5739.53 crore. BK Goenka, VC a

  • Power Grid surges on bagging worth Rs 1033cr

    29th May, 2009 14:47

    Power Grid Corporation of India touched an intraday high of Rs 116 and an intraday low of Rs 112.55. At 2:45 pm, the share was quoting at Rs 115, up Rs 3, or 2.68%

  • Hold Pfizer, says G Shanbhag 

    29th May, 2009 14:37

    Ganesh Shanbhag, CEO-SMS Financial Services is of the view that one can hold Pfizer and keep it for longer-term. The kind of products they are having in the pipeli

  • Tata Motors FY09 PAT down at Rs 1001 cr

    29th May, 2009 14:24

    Tata Motors has announced its FY09 results. The company's FY09 standalone net sales were down at Rs 25,354.1 crore versus Rs 28,730.8 crore, YoY.

  • MFs' investments in Oil & Gas sector over last 6 months

    29th May, 2009 14:20

    The Indian equity markets have seen good rally post the election results. Today the markets gained post Oil and Steel Ministry announced new policy in respective s

  • See positive sentiment for oil cos now: Shinsei AMC 

    29th May, 2009 14:17

    Reacting to the development, David Pezarkar, Head-Equities at Shinsei AMC, said the news is enough to, at least, change sentiment positively towards the oil sector

  • Instanex FII Index up 2.23%

    29th May, 2009 14:09

    At 2 pm, the Instanex FII Index is up 2.23% at 313.18 (+2.20% at 1 pm) and the Instanex DII 15 portfolio is up 2.80% (+2.79% at 1 pm). Nifty is up 2.97% (+2.92% at

  • Oil stocks surge on deregulating fuel prices news

    29th May, 2009 14:00

    The Oil Ministry on Friday said it would go the Cabinet to seek a nod for deregulating fuel prices. At a press conference, Murli Deora, the Petroleum Minister in h

  • India Infoline bounces back

    29th May, 2009 13:51

    India Infoline touched an intraday high of Rs 154.60 and an intraday low of Rs 142.10. At 1:48 pm, the share was quoting at Rs 151.50, up Rs 10.25, or 7.26%. It wa

  • IOC FY09 net profit down at Rs 2599.4 cr

    29th May, 2009 13:45

    IOC has announced its FY09 results. The company's FY09 net profit was down at Rs 2599.4 crore versus Rs 7912.7 crore, YoY.

  • Vijaya Bank witnesses buying interest

    29th May, 2009 13:42

    Vijaya Bank touched an intraday high of Rs 44.85 and an intraday low of Rs 41.75. At 1:39 pm, the share was quoting at Rs 44.40, up Rs 2.75, or 6.60%. It was tradi

  • Bank Of India FY09 cons net profit up at Rs 3,087 cr

    29th May, 2009 13:35

    Bank Of India has announced its FY09 results. The company's consolidated net interest income was up at Rs 5,536.4 crore versus Rs 4,243.9 crore, YoY.

  • NMDC gains further ground

    29th May, 2009 13:26

    At 1:22 pm, NMDC touched a 52-week high of Rs 458.70. The share was quoting at Rs 444.90, up Rs 22.60, or 5.35%. It was trading with volumes of 289,959 shares. Yes

  • How to plan for pay cuts and pay loss

    29th May, 2009 13:11

    Pay cut is a comparatively easy situation than job loss. Gaurav Mashruwala explains how tweaking your household budget and some realignment of portfolio can help e

  • GAIL India flares up

    29th May, 2009 13:04

    GAIL India touched an intraday high of Rs 315.70 and an intraday low of Rs 289.95. At 1:01 pm, the share was quoting at Rs 313.05, up Rs 26.70, or 9.32%. It was tr

  • Block deal in NTPC; stk up

    29th May, 2009 13:01

    NTPC touched an intraday high of Rs 211.40 and an intraday low of Rs 207.25. At 1 pm, the share was quoting at Rs 211, up Rs 3.20, or 1.54%. There was a block deal

  • IOC a good pick: VK Sharma 

    29th May, 2009 12:56

    VK Sharma of Anagram Stock Broking is of the view that Indian Oil is a great pick even at this level.

  • TCS maintains its march ahead

    29th May, 2009 12:43

    TCS touched an intraday high of Rs 695.05 and an intraday low of Rs 656. At 12:41 pm, the share was quoting at Rs 693.05, up Rs 33.20, or 5.03%. It was trading wit

  • Simbhaoli Sugar buys back FCCBs worth $25.1mn; stk up 4.2%

    29th May, 2009 12:41

    Simbhaoli Sugar Mills touched an intraday high of Rs 40.75 and an intraday low of Rs 39.70. At 12:35 pm, the share was quoting at Rs 40.50, up Rs 1.65, or 4.25%. T

  • Mahindra and Mahindra top gainer on the Nifty

    29th May, 2009 12:29

    At 12:28 pm, Mahindra and Mahindra was the top gainer on the Nifty. It touched a 52 week high of Rs 690. The share was quoting at Rs 685.40, up Rs 48.40, or 7.60%.

  • Larsen continues to gain

    29th May, 2009 12:26

    Larsen has continued to gain. It touched an intraday high of Rs 1,400 and an intraday low of Rs 1,357. At 12:23 pm, the share was quoting at Rs 1,397.00, up Rs 55.

  • Instanex FII Index up 2.22%

    29th May, 2009 12:19

    At 12 noon, the Instanex FII Index is up 2.22% at 313.12 (+1.36% at 11 am) and the Instanex DII 15 portfolio is up 2.58% (+1.59% at 11 am). Nifty is up 2.71% (+1.5

  • Religare acquires 87.5% in Maharishi Housing, stk rises

    29th May, 2009 12:17

    Religare Enterprises touched an intraday high of Rs 475 and an intraday low of Rs 453.25. At 12:14 pm, the share was quoting at Rs 470, up Rs 9.20, or 2%. The comp

  • Jaiprakash Associates marches ahead

    29th May, 2009 12:11

    Jaiprakash Associates touched an intraday high of Rs 205.85 and an intraday low of Rs 193. At 11:59 am, the share was quoting at Rs 203.75, up Rs 12, or 6.26%. It

  • HPCL soars high

    29th May, 2009 12:05

    At 11:59 am, Hindustan Petroleum Corporation, HPCL has touched a 52-week high of Rs 377.05. The share was quoting at Rs 362.50, up Rs 27.15, or 8.10%. It was trad

  • ONGC touches a 52-week high

    29th May, 2009 12:02

    Oil and Natural Gas Corporation, ONGC touched a 52-week high of Rs 1,215. At 11:58 am, the share was quoting at Rs 1,195, up Rs 64.20, or 5.68%. It was trading wit

  • Unitech among major gainers

    29th May, 2009 11:54

    At 11:51 am, Unitech was among major gainers on the Nifty. It touched an intraday high of Rs 82.70 and an intraday low of Rs 77. The share was quoting at Rs 80.85,

  • Amit Dalal positive on non print media space 

    29th May, 2009 11:50

    Amit Dalal of Amit Nalin Securities is positive on non print media space. There is a huge market, which is available for media to grow. The advertising revenues wi

  • Outlook for Vaccine segment looks good: Panacea Biotech

    29th May, 2009 11:34

    Panacea Biotech has announced its fourth quarter results. Vaccine segment's Q4 revenue was at Rs 175.7 crore versus Rs 150.2 crore on YoY basis. Outlook for Vaccin

  • Expect Rs 4800cr standalone topline in FY10:Nagarjuna Const

    29th May, 2009 11:25

    Nagarjuna Construction has announced its FY09 numbers. Its consolidated net profit went up at Rs 181.34 crore as against Rs 167.47 crore (YoY).

  • Tata Motors gears up

    29th May, 2009 11:16

    Tata Motors touched an intraday high of Rs 344 and an intraday low of Rs 335.10. At 11:12 am, the share was quoting at Rs 339.25, up Rs 6.60, or 1.98%. The compnay

  • Farm output, govt spend power FY09 GDP growth to 6.7% 

    29th May, 2009 11:01

    The much-awaited gross domestic product (GDP) growth number for the full year, FY2008-09, came in at 6.7%. The GDP growth for the last financial year, FY08, stood

  • Buy Godrej Consumer, target of Rs 185: Sharekhan

    29th May, 2009 10:53

    Sharekhan has maintained its buy rating on Godrej Consumer Products, GCPL with a target of Rs 185. At the current market price of Rs 176 the stock trades at 19.3x

  • Sun Pharma top loser on the Nifty

    29th May, 2009 10:52

    At 10:49 am, Sun Pharmaceutical Industries was top loser on the Nifty. It touched an intraday high of Rs 1,340 and an intraday low of Rs 1,258.25. The share was qu

  • Will raise $100-150 mn via QIP in first tranche: Parsvnath 

    29th May, 2009 10:46

    Pradeep Jain, Chairman, Parsvnath Developers said that the management was planning to reduce the debt by Rs 800 core this year. For this purpose, Parsvnath Develop

  • Amit Dalal remains cautious on banking space 

    29th May, 2009 10:44

    Amit Dalal of Amit Nalin Securities said that, "I remain very cautious on banking sector. If I have to look at banks in a very large correction, I would continue t

  • IVRCL Infra Q4 net profit seen at Rs 66.46 cr

    29th May, 2009 10:35

    IVRCL Infrastructure and Projects is set to announce its Q4FY09 numbers. According to CNBC-TV18 estimates, its net sales are expected to go up by 12% at Rs 1484.76

  • Parsvnath Developers locked at 5% upper circuit

    29th May, 2009 10:29

    At 10:28 am, Parsvnath Developers was locked at 5% upper circuit. It touched an intraday high of Rs 96.90 and an intraday low of Rs 93. The share was quoting at Rs

  • Stay with banking space: Sukhani 

    29th May, 2009 10:25

    Technical Analyst, Sudarshan Sukhani is of the view that for investors who are looking at long-term horizon, the banks are an out performing sector, so one might a

  • Rel Power in talks for coal JV with Australian co; stk up

    29th May, 2009 10:13

    Reliance Power touched an intraday high of Rs 189.80 and an intraday low of Rs 178.10. At 10:10 am, the share was quoting at Rs 183.65, up Rs 3.50, or 1.94%. The c

  • Instanex FII Index up 1.03%

    29th May, 2009 10:07

    At 10 am, the Instanex FII Index is up 1.03% at 309.48 and the Instanex DII 15 portfolio is up 1.14%. Sensex is up 1.10% and Nifty is up 1.07%.

  • DLF promoter's plans to sell 5.5% stake; stk rises

    29th May, 2009 10:01

    DLF touched an intraday high of Rs 379.90 and an intraday low of Rs 375. At 09:59 am, the share was quoting at Rs 377.95, up Rs 5.15, or 1.38% on the NSE. The comp

  • Mkts open higher; telecom, power, banks, metals up

    29th May, 2009 09:59

    The markets started the first day of the June series on a positive note and continued their rally for the third consecutive day. Buying was seen in telecom, power,

  • Nifty has resistance at 4370: Reliance Money

    29th May, 2009 09:51

    According to Reliance Money's Morning Notes, as for today’s trade, we may observe lack lustrous action after hectic action in past four trading session. Support fo

  • Nifty may rally up to 4376-4416: Angel

    29th May, 2009 09:41

    According to Angel Broking's Market Outlook report, if Nifty trades above 4316 during the first half-an-hour of trade then we may witness a further rally up to 437

  • Rupee may test 47.30: IndusInd Bank

    29th May, 2009 09:32

    According to Mr. J. Moses Harding, Head Global Markets Group, IndusInd Bank, while factors point to rupee gains in the short term on possibility of stock market ra

  • See a confident series in June 

    29th May, 2009 09:11

    “The market goes into the June series much more confident than before. While there may be some discomfort with the Sensex at 14,000 levels, the general mood is upb

  • Rel Power calls for quick reforms in sector

    29th May, 2009 09:08

    India added 3,500 mega watts of power in FY09, which is much lower than the target of 11,061 MW. Reliance Power says that it is time for the government to put powe

  • Rupee opens at Rs 47.52 per dollar

    29th May, 2009 09:01

    The Indian Rupee opened at Rs 47.52 per dollar versus Rs 47.62 yesterday.

  • Siddharth Bhamre advises shifting to large caps

    29th May, 2009 08:57

    Action is back to Stock Futures where rollovers have been much higher than Nifty. While the Options Open Interest is low, traders have betted aggressively on midca

  • Rupee may range between 47.40-47.80: Greenback Forex

    29th May, 2009 08:55

    According to Manis Thanawala, Greenback Forex Services, stronger global and domestic equity markets likely to support the rupee. Month-end expiry will cap any shar

  • Crisis blues: M&M's European arm to shut down

    29th May, 2009 08:47

    Mahindra and Mahindra (M&M) may have seen good growth in FY09, but its European components arm, Systech, has not managed to out-drive the global meltdown. Systech

  • Big ticket brands get ready to bat in T-20 World Cup

    29th May, 2009 08:40

    Big ticket brands that stayed away from IPL-2 are now readying to use the ICC Twenty 20 World Cup platform. With ESPN Star Sports offering relatively cheaper ad ra

  • BSNL readies $10-b war chest for overseas buys

    29th May, 2009 08:35

    Following moves by private telecom players to acquire international operators, State-owned Bharat Sanchar Nigam Ltd is readying a $10-billion corpus for its ow

  • Copper gains 2% to $4,750 

    29th May, 2009 08:30

    Copper gained 2% to $4,750, at 3-week high. Aluminium was up 1% to $1415/tonne and lead gained 2.3% at $1478/tonne. US durable goods up in April and be

  • Pepper futures fall sharply

    29th May, 2009 08:29

    Pepper futures market on Thursday witnessed high volatility and fell sharply at close.

  • Sensex has resistance at 14500: Gaba

    29th May, 2009 08:23

    The support for the Sensex is 13950 and the resistance to the up move is at 14500. The support for the Nifty is at 4285 and the resistance to the up move is at 439

  • Stocks in news: DLF, Religare Enter, Siemens, Matrix Labs

    29th May, 2009 08:20

    DLF, Religare Enterprises, Siemens, Bharti, Matrix Labs, GMR Infra, Tata Motors, Austral Coke, Aro Granite, Jaypee Hotels, Anant Raj Industries, Rico Auto, Relianc

  • US mkts gain on mixed economic news

    29th May, 2009 08:18

    There were reports that GM (General Motors) plans to file for bankruptcy protection on June 1. Obama administration official said that bankruptcy probably would la

  • Nifty resistance seen at 4,386-4,550 

    29th May, 2009 08:10

    A new Cabinet was in place after yesterday's swearing-in and allocation of respective departments to ministers. The Nifty resistance is seen at 4,386 and 4,550 and

  • Wall Street ends higher; Dow up 103 points

    29th May, 2009 08:05

    The US markets ended higher on Thursday as crude prices climbed to 65 dollars after an inventory pare-down and the results of the Treasury bond auction eased conce

  • IOC Q4 profit seen at Rs 7,322 cr

    29th May, 2009 07:53

    IOC is to announce its fourth quarter numbers. According to CNBC-TV18 estimates, its profit is expected to be at Rs 7,322 crore as against loss of Rs 414.3 crore.

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