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Moneycontrol News Archive : 1 September, 2009

  • Sebi unearths Rs 1000cr scam at Austral Coke 

    1st September, 2009 20:53

    The Securities and Exchange Board of India has unearthed a Rs 1,000 crore scam at Austral Coke, reports CNBC-TV18 Varinder Bansal.

  • Bharat Hotels plans IPO in 2011: Jyotsna Suri 

    1st September, 2009 20:27

    Bharat Hotels is planning an initial public offering in 2011, says Jyotsna Suri, CMD, Bharat Hotels. "This is not the right time to go for an IPO. We see better va

  • SA govt gives in-principle nod to Bharti-MTN deal 

    1st September, 2009 19:54

    South Africa’s communications department has given an in-principle nod to this proposed tie-up between the two companies, said Chris Bishop, CNBC Africa. He furthe

  • US markets open in red

    1st September, 2009 19:04

    At 19.01 hrs (IST) - The US markets opened lower. The Dow Jones Industrial Average was down 38.39 points, or 0.40%, to 9,457.89. The Nasdaq was down 6.75 points, o

  • MFs net sell Rs 87.40 cr in equities on Aug 31

    1st September, 2009 18:36

    MFs (mutual funds) were net sellers to the tune of Rs 87.40 crore in equities on August 31, 2009. They made gross purchase of Rs 686.80 crore and gross sales of Rs

  • Sebi adds disclosures to anti-money laundering standards

    1st September, 2009 18:18

    Securities and Exchange Board of India (SEBI) adds new disclosures to anti-money laundering standards. Revised common service centres (CSC) category to add clients

  • Rupee ends lower, bonds higher

    1st September, 2009 17:55

    The Indian rupee closed lower as shares ended weak. Importers also bought dollars. But, dollar sales from exporters limited the fall. The spot rupee ended lower at

  • IDFC MF launches FMP - Fifteen Months Series 3

    1st September, 2009 17:20

    IDFC Mutual Fund has launched a closed-ended debt scheme - IDFC Fixed Maturity Plan - Fifteen Months Series 3, that seeks to generate income by investing in a port

  • Gold witness good gains, holds Rs 15000/10 gm 

    1st September, 2009 17:12

    The gold and silver prices saw good gains. There were good cues coming in from the other precious metal prices where platinum and palladium gained quite strongly.

  • Buy Pidilite Industries, target of Rs 195: Bonanza

    1st September, 2009 16:58

    Bonanza has recommended a buy rating on Pidilite Ind, with price tgt of Rs 195. Pidilite Ind is a dominant player in adhesive and sealant mkt in India. Company cle

  • Buy Punj Lloyd at any dip to Rs 240-250: Mohindar 

    1st September, 2009 16:51

    One can buy Punj Lloyd at any dip to Rs 240-250 as on long term front, it still looks pretty robust, says Rahul Mohindar.

  • Gati has resistance at Rs 62-63: Mohindar 

    1st September, 2009 16:41

    Gati has resistance and immediate short term target at Rs 62-63, says Rahul Mohindar of Viratechindia.com.

  • Balrampur Chini has a target of Rs 125-128: Mohindar 

    1st September, 2009 16:32

    Rahul Mohindar of Viratechindia.com is of the view that Balrampur Chini Mills has a target of Rs 125-128.

  • Datawatch: How power stocks fared on NHPC listing day

    1st September, 2009 16:17

    NHPC which was expected to charge up power stocks disappointed investors. The BSE power index declined nearly 2% to close at 2,942.24. Power stocks like Guj Ind Po

  • Skindia GDR Index down 0.60%

    1st September, 2009 16:15

    The Skindia GDR Index is down 0.60% to 2,157.68 at 3:30 pm IST today (compared to last close) while the Nifty is down 0.79%. The main gainers are ITC (+1.27%; weig

  • Hero Honda EBITDA up 120 bps, eyes further growth

    1st September, 2009 16:09

    India's largest two-wheeler maker Hero Honda says that it may have posted its best ever performance. But it is yet to reach the peak. In a letter to shareholders,

  • NHPC ends day 1 at 2.08% premium

    1st September, 2009 15:56

    NHPC witnessed a lackluster trade and ended its first trading session at a premium of 2.08% to its issue price of Rs 36. The share closed at Rs 36.75 on the NSE.

  • Hold NHPC, says Satish Betadpur 

    1st September, 2009 15:44

    One can hold NHPC, says Satish Betadpur, CFA, Global Research Director of Independent Intl Investment Research. It is overpriced at this level.

  • Sensex ends 115-pt down; autos outperform, NHPC disappoints

    1st September, 2009 15:38

    The Sensex continued its downtrend for the second consecutive session on the back of weak European cues. Selling in capital goods, power, oil & gas exploration, re

  • Instanex FII Index down 1.16%

    1st September, 2009 15:30

    At 3 pm, the Instanex FII Index was down 1.16% at 328.15 (-1.22% at 2 pm) and the Instanex DII 15 portfolio was down 0.95% (-1.08% at 2 pm). Nifty was down 1.16% (

  • Chaturvedi positive on auto space 

    1st September, 2009 15:27

    Ved Prakash Chaturvedi, MD of Tata Mutual Fund is positive on auto space.

  • Buy sugar stocks: Fairwealth Securities

    1st September, 2009 15:23

    Fairwealth Securities has initiated a buy call on the entire sugar sector.

  • Stride Arco bags govt order for treatment of H1N1; stk down

    1st September, 2009 15:14

    Stride Arcolab touched an intraday high of Rs 153 and an intraday low of Rs 143.85. At 3:10 pm, the share was quoting at Rs 145, down Rs 4.5, or 3.01%. The company

  • Higher IPO grade stocks are less volatile: CRISIL Equities

    1st September, 2009 15:13

    CRISIL Equities’ analysis of 52 listed Initial Public Offer (IPO) graded companies shows that the stock price volatility of a company is inversely correlated to th

  • Ranbaxy Labs in poor health

    1st September, 2009 15:07

    Ranbaxy Laboratories touched an intraday high of Rs 336.55 and an intraday low of Rs 312.10. At 3:04 pm, the share was quoting at Rs 315.70, down Rs 11.9, or 3.63%

  • Mkts see intraday reversal; Nifty sees resistance at 4700 

    1st September, 2009 15:00

    It was a day of a big intraday reversal. Clearly there was a lot of resistance at 4700, Managing Editor of CNBC-TV18, Udayan Mukherjee said. "Largecap stocks led t

  • Nifty trades lower; realty, metal, power, pharma down

    1st September, 2009 15:00

    At 15.09 hrs IST today, the Nifty was trading weak and was slipping towards 4600. Heavy selling pressure was seen in realty, metal, power, pharma, oil & gas and ca

  • Indiabulls Real Estate moves down

    1st September, 2009 14:50

    Indiabulls Real Estate touched an intraday high of Rs 280.40 and an intraday low of Rs 259.15. At 2:47 pm, the share was quoting at Rs 261.50, down Rs 12.6, or 4.6

  • Indowind Energy extends losses

    1st September, 2009 14:45

    Indowind Energy touched an intraday high of Rs 46.45 and an intraday low of Rs 43.25. At 2:41 pm, the share was quoting at Rs 43.25, down Rs 2.35, or 5.15%. It was

  • Buy Opto Circuits, target of Rs 244: Karvy

    1st September, 2009 14:42

    Buy Opto Circuits India with a target price of Rs 244, says Karvy Stock Broking's research report.

  • Accumulate Tata Steel, target of Rs 448: Angel

    1st September, 2009 14:36

    Accumulate Tata Steel with a target price of Rs 448, says Angel Broking's report.

  • Instanex FII Index down 1.22%

    1st September, 2009 14:33

    At 2 pm, the Instanex FII Index was down 1.22% at 327.93 (+1.07% at 1 pm) and the Instanex DII 15 portfolio was down 1.08% (+0.95% at 1 pm). Sensex was down 0.84%

  • Mkts unlikely to see new high this year: Motilal Oswal 

    1st September, 2009 14:28

    Motilal Oswal, CMD, Motilal Oswal Financial Services said he did not see new highs this year. Oswal says the NHPC pricing was aggressive but the listing was disapp

  • Texmaco has target of Rs 125: S Dhawan 

    1st September, 2009 14:25

    Texmaco has target of Rs 125 for investors and for short-term traders, says Sajiv Dhawan of JV Capital Services. Longer-term investors can hold on it. Valuation wi

  • Experts say auto cos can clock double-digit growth in FY10 

    1st September, 2009 14:14

    The Indian automobile industry is in top gear. Almost all auto majors clocked surge in sales in August. Experts feel that they do not see any valid reason as to wh

  • Expect to maintain 20% EBITDA in FY10: Jubilant Organosys 

    1st September, 2009 14:10

    Jubilant Organosys has an order book of USD 850 million and is confident of meeting its debt obligations ahead, its Chairman and Managing Director Shyam Bhartia to

  • Punj Lloyd slips further

    1st September, 2009 14:04

    Punj Lloyd touched an intraday high of Rs 273.85 and an intraday low of Rs 259. At 2:01 pm, the share was quoting at Rs 259.55, down Rs 9.35, or 3.48%. It was trad

  • Mastek has target of Rs 326: P Sekhar

    1st September, 2009 14:00

    Mastek has target of Rs 326, says P Phani Sekhar of Angel Broking.

  • IFCI takes a dip

    1st September, 2009 13:51

    IFCI touched an intraday high of Rs 57.40 and an intraday low of Rs 52.90. At 1:49 pm, the share was quoting at Rs 53.90, down Rs 2.5, or 4.43%. It was trading wit

  • UTI Banking Sector Fund declares dividend

    1st September, 2009 13:44

    UTI Banking Sector Fund has announced a dividend, for which the record date has been fixed as September 4, 2009.

  • Subscribe to Oil India IPO: SPA Securities

    1st September, 2009 13:34

    Subscribe to Oil India's initial public offering, says SPA Securities.

  • Expect sales to pick up in September: TVS Motors 

    1st September, 2009 13:31

    TVS Motors has declared its auto sales figure for August. The company’s two-wheeler sales stood at 1.27 lakh versus 1.14 lakh in the previous month. In an intervie

  • Reliance Comm gains smartly

    1st September, 2009 13:27

    Reliance Communications has prepaid Rs 5000 crore debt. It is likely to save Rs 2000 crore over 3-5 years, quoting DJ, reports CNBC-TV18. It touched an intraday hi

  • Aptech gains further ground

    1st September, 2009 13:14

    Aptech touched an intraday high of Rs 269.70 and an intraday low of Rs 250.40. At 1:11 pm, the share was quoting at Rs 264.05, up Rs 13.65, or 5.45%. It was tradin

  • European markets trading firm; CAC, DAX up

    1st September, 2009 13:00

    At 12: 56 pm (IST), European markets were trading firm. CAC 40 was up 0.73% or 26.55 points at 3,680.09. DAX rose 0.59% or 32.34 points at 5,496.95. FTSE 100 was u

  • Prakash Ind has target of Rs 156: S Dhawan 

    1st September, 2009 12:51

    Prakash Industries has target of Rs 156, says Sajiv Dhawan of JV Capital Services. Not only for short term traders, it's a good stock for portfolio investors to ke

  • NTPC a great bet than NHPC: S Verma 

    1st September, 2009 12:41

    NTPC is a great bet in comparison to NHPC, says Sanju Verma, CEO-Institutional Business, Proactive Universal Group.

  • Instanex FII Index up 1.06%

    1st September, 2009 12:39

    At 12 noon, the Instanex FII Index was up 1.06% at 335.49 (+1.23% at 11 am) and the Instanex DII 15 portfolio was up 0.94% (+1.25% at 11 am). Sensex was up 1.34% (

  • HCC surges on winning order worth Rs 276 cr

    1st September, 2009 12:26

    HCC has won order worth Rs 276 crore, reports CNBC-TV18. It touched an intraday high of Rs 112.25 and an intraday low of Rs 110.70. At 12:18 pm, the share was quot

  • Mahindra and Mahindra among major gainers

    1st September, 2009 12:17

    At 11:53 am, Mahindra and Mahindra was among the major gainers on the Sensex. It touched an intraday high of Rs 894 and an intraday low of Rs 835. The share was qu

  • Prefer Power Grid over NHPC, Adani Power: Sanju Verma 

    1st September, 2009 12:13

    Commenting on the recent IPO listings, Sanju Verma , CEO-Institutional Business, Proactive Universal Group said, Adani Power was more preferable than NHPC and Adan

  • DLF maintains its march ahead

    1st September, 2009 12:00

    DLF touched an intraday high of Rs 441.95 and an intraday low of Rs 350. At 11:58 am, the share was quoting at Rs 438.85, up Rs 14.65, or 3.45%. It was trading wit

  • Positive on India, China; buy infra, realty: Morgan Stanley 

    1st September, 2009 11:58

    Morgan Stanley is overweight on emerging markets like India and China, Chief Asian & EM Equity Strategist Jonathan Garner told CNBC-TV18. On what to buy in India,

  • Nagarjuna Const bags 2 orders, stock up

    1st September, 2009 11:54

    Nagarjuna Construction has bagged 2 orders worth Rs 481 crore, reports CNBC-TV18. It touched an intraday high of Rs 139.70 and an intraday low of Rs 136. At 11:46

  • Munjal Auto has target of Rs 76: S Dhawan 

    1st September, 2009 11:40

    Munjal Auto Industries has target of Rs 76, says Sajiv Dhawan of JV Capital Services. It is in the auto-ancillary industry. This company supplies two wheeler segme

  • Instanex FII Index up 1.23%

    1st September, 2009 11:32

    At 11 am, the Instanex FII Index was up 1.23% at 336.08 (+0.83% at 10 am) and the Instanex DII 15 Portfolio was up 1.25% (+0.89% at 10 am). Sensex was up 1.41% (+0

  • Uttam Sugar has target of Rs 70.50-71: Gujral 

    1st September, 2009 11:29

    Uttam Sugar Mills has target of Rs 70.50-71, says Technical Analyst, Ashwani Gujral. This stock corrected back from Rs 81 to Rs 68, big down bars. The key to makin

  • Buy GMR Infra, target of Rs 214: Hem

    1st September, 2009 11:23

    Buy GMR Infrastructure with a target price of Rs 214, says Hem Securities' research report.

  • Buy Federal Bank: Phani Sekhar 

    1st September, 2009 11:17

    One can buy Federal Bank. It has long term target of Rs 300-320., says P Phani Sekhar of Angel Broking. It has long term price target of Rs 300-320 but for the day

  • Buy Pepper at dips: Nirmal Bang

    1st September, 2009 11:14

    Buy Pepper at dips, says Nirmal Bang's report.

  • Sell Jeera Sep around Rs 11350: Bonanza

    1st September, 2009 11:04

    Sell Jeera September at around Rs 11350 with stoploss above Rs 11460 and target of Rs 11100-11060, says Bonanza's research report.

  • Crompton Greaves eyes overseas acquisition; stk up

    1st September, 2009 11:00

    According to Reports, Crompton Greaves is eyeing overseas acquisition, reports CNBC-TV18. It touched a 52-week high of Rs 334.80. At 10:45 am, the share was quotin

  • NHPC a good long-term buy: Vallabh Bhanshali 

    1st September, 2009 10:53

    The NHP IPO opened to a lukewarm response and after listing at Rs 42 fell off to stay in a Rs 37-40 range. Vallabh Bhanshali of Enam Securities said he was 'intrig

  • Sell Gold Oct around Rs 15175: Bonanza

    1st September, 2009 10:44

    Bonanza has recommended to sell Gold October at around Rs 15175 with stoploss above Rs 15244 and target of Rs 15022.

  • Guj Fluoro gets 23 lk Carbon Credits worth Rs 241cr; stk up

    1st September, 2009 10:38

    According to Source, The company has got 23 lakh Carbon Credits worth Rs 241 crore, quoting NewsWire18, reports CNBC-TV18. It touched an intraday high of Rs 157.80

  • Short GE Shipping, Mercator Lines: S Bhamre 

    1st September, 2009 10:32

    One can short Great Eastern Shipping Company around Rs 286-288 range with a stop of around Rs 296, says Siddharth Bhamre of Angel Broking.

  • Global mkts still uncertain; India to do well: Jim Walker 

    1st September, 2009 10:28

    The outlook on global economy still remains uncertain, said Jim Walker of Asianomics. He added that global economy is more problematic than thought of. There is a

  • Maruti sales up 41%; Co sees production constraints in Oct 

    1st September, 2009 10:25

    Maruti Suzuki sold a total of 84,808 vehicles in August 2009 and registered 41.6% growth on YoY basis. The company posted exports of 14,847 units, the highest ever

  • Mahindra Satyam has target of Rs 140-142: M Thacker

    1st September, 2009 10:19

    Mahindra Satyam has target of Rs 140-142, says Mitesh Thacker, Technical Analyst, miteshthacker.com. On the downside there are no signs of weakness or any signs of

  • Unity Infra bags Rs 325.2 crore order; stk up

    1st September, 2009 10:12

    Unity Infraprojects has bagged Rs 325.2 crore orders in Mumbai, reports CNBC-TV18. It touched an intraday high of Rs 389 and an intraday low of Rs 371.45. At 10:08

  • Skindia GDR Index signals strong Nifty opening

    1st September, 2009 10:02

    The two gainers were Satyam Computer (+21.53%; weight 2.79%) and Grasim Industries (+0.18%; weight 3.66%) and the main losers were Tata Motors (-3.82%; weight 3.56

  • Tata Steel may slip to Rs 400-390: M Thacker 

    1st September, 2009 10:00

    Tata Steel may slip to Rs 400-390, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

  • Keep Rs 55 stoploss in Gujarat NRE: M Thacker 

    1st September, 2009 09:57

    One can keep Rs 55 stoploss in Gujarat NRE Coke, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

  • Chennai Petro has target of Rs 218: M Thacker 

    1st September, 2009 09:53

    Chennai Petroleum Corporation has target of Rs 218 in the short term, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

  • Hotel Leela Venture can test Rs 40: M Thacker 

    1st September, 2009 09:50

    Hotel Leela Venture can test Rs 40, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

  • IDFC has target of Rs 145: M Thacker 

    1st September, 2009 09:47

    Infrastructure Development Finance Company (IDFC) has target of Rs 145, says Mitesh Thacker, Technical Analyst, miteshthacker.com. It has been sideways; build a go

  • Accumulate Hero Honda at every decline: astrostocktips

    1st September, 2009 09:45

    Accumulate Hero Honda at every decline, says Satish Gupta of www.astrostocktips.in.

  • US markets end lower; Crude falls nearly $ 3/barrel  

    1st September, 2009 09:43

    Stocks finishing Monday lower, the Dow closing down nearly 48 points, Nasdaq off by 20 and the S&P 500 loosing 8 points. Oil prices tumbled Monday after China’s st

  • See NHPC's fair price at Rs 42: Udayan Mukherjee

    1st September, 2009 09:34

    If the company completed projected capacity well in time by 2012 then market price to megawatt comes to 6 plus while NTPC stands at 4.5; wherein NHPC looks at sign

  • Will Rajasthan's refinery dreams become a reality?

    1st September, 2009 09:30

    In the next few years Rajasthan will earn the highest revenue from crude production, but will its dream of becoming a crude refining state like neighbouring Gujara

  • Nifty has support at 4300-4350: Reliance Money

    1st September, 2009 09:29

    According to Reliance Money's report, on the lower side previous mentioned range of 4300-4350 continues to remain a key support level for the markets.

  • Planning Commission meets today, to take stock of economy 

    1st September, 2009 09:17

    The government is not very upbeat about growth prospects in the medium term. The recent dry spell, which has cast a shadow over more than 250 districts in the coun

  • Nifty has support at 4370 if breaks 4500: Daryl Guppy 

    1st September, 2009 09:14

    For the Nifty, support lies at 4,370, if it breaks 4500. Shanghai has strong support at 2,600 and if it breaches this level, it would be very bearish for Asia and

  • Nifty may claw back to 4700 given stable Asian mkts 

    1st September, 2009 09:12

    Udayan Mukherjee, Managing Editor of CNBC-TV18 said the markets may claw back to 4,700 today, given that the Asian markets were stable and the Chinese markets too

  • Support for US mkts at higher levels +ve for Asia: Newedge 

    1st September, 2009 09:08

    Support for US markets at higher levels is a positive for Asia, but if China corrects, Asia will not be spared. India would be insulated from a major fall, Kirby D

  • Rupee opens at Rs 48.78 per dollar

    1st September, 2009 09:01

    The Indian rupee opened at Rs 48.78 per dollar versus Rs 48..83 yesterday.

  • 10-yr yield may touch 7.5% by Friday: Sundaram BNP Paribas

    1st September, 2009 09:00

    According to K Ramkumar, Sundaram BNP Paribas, double digit CPI Inflation will be a concern for the bond market. The 10-year yield is likely to touch 7.5% by Frida

  • F&O cues: Total Futures Open Int up by Rs 836cr

    1st September, 2009 08:52

    F&O cues: Total Futures Open Int up by Rs 836 crore and Total Options Open Int up by Rs 2718 crore.

  • Mkt may see volatility: Astroprofit

    1st September, 2009 08:47

    Moon is transiting with Rahu and Jupiter in Capricorn sign. Jupiter is retrograde. Exalted Mercury is posited in Virgo sign. Sun and Saturn are posited in Leo sign

  • Nifty has resistance at 4684: Bhambwani

    1st September, 2009 08:38

    Nifty has first resistance at 4684 between 09.55am - 10.30am, said Vijay Bhambwani.

  • Stocks in news: Unity Infra, ITI, Satyam, Maytas, Glenmark

    1st September, 2009 08:34

    Unity Infra | Glenmark | Orchid Chemical | Four Soft | Crompton Greaves | JMC projects | ITI | Union Bank | Indage Vintners | Satyam | Tata Motors | Maytas Infra a

  • Ganeshaspeaks: Market prediction for Sept 1

    1st September, 2009 08:32

    From the opening to 10:35, the weightage of Nifty will be favourable. But the overall weightage for the day is quite marginal. Don't trust the trend. Trade only if

  • Poor support price may close mills, sugar growers warn

    1st September, 2009 08:26

    The Federation of Andhra Pradesh Sugar Growers’ Associations has cautioned that the poor statutory minimum price (SMP) for sugarcane could lead to closure of many

  • Nifty has resistance at 4740-4800: Gujral

    1st September, 2009 08:22

    The market may have flat to positive opening today. Nifty has supports at 4580-4600 and resistances are at 4740-4800. Midcap stocks will continue to perform.

  • FIIs net sell Rs 270.85 cr in equities on Aug 31 (prov) 

    1st September, 2009 08:21

    We have to watch out for whether Nifty closing above 4,730 or below 4,600 today; high beta midcaps in realty, IT and metal space and NHPC listing. FIIs were net se

  • Asian markets trading firm; Hang Seng, Nikkei up

    1st September, 2009 08:10

    At 8: 06 am (IST), Asian markets were trading firm. Hong Kong's Hang Seng rose 0.24% or 46.44 points at 19,770.63. Japan's Nikkei was up 0.46% or 48.08 points at 1

  • Mkts slip 2.5% from day's high, end lower 

    1st September, 2009 20:41

    It was a dramatic U-turn on Dalal Street. The frontline indices plunged sharply in late trade, erasing all of morning’s gains. The Nifty and Sensex slipped nearly

  • Tata Motors Aug sales up 14% at 49,810 units

    1st September, 2009 20:08

    Tata Motors has announced its August sales numbers. The company's August sales were up 14.24% at 49,810 units versus 43,600 units, YoY.

  • Experts cautious on mkts in near-term; recommend sectors 

    1st September, 2009 19:27

    Experts are cautious on the markets at present. They see the Nifty trading rangebound in the short-term, but are optimistic on the long-term India story. They reco

  • Govt to amend SLP, RNRL cheers move 

    1st September, 2009 19:00

    The latest in the ongoing gas battle, the government has filed an application in the Supreme Court (SC) seeking to amend its special leave petition (SLP) filed in

  • FIIs net sell Rs 86.20 cr in equities on Aug 31

    1st September, 2009 18:27

    Foreign institutional investors (FIIs) were net sellers to the tune of Rs 86.20 crore in equities on August 31, 2009. They made gross purchase of Rs 2,673.90 crore

  • Resistance for rupee at 48.70/48.80: Commtrendz

    1st September, 2009 18:07

    Commtrendz Research has come out with its report on rupee. According to research firm immediate supports for rupee seen at 48.70/48.80 followed by 48.40/48.50. Imm

  • Expect 6.3% growth in FY10: Montek Singh Ahluwalia 

    1st September, 2009 17:35

    Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, says there was a shortfall in growth targets. He says it is reasonable to expect growth of 6.3% for F

  • Instanex FII Index down 1.01%

    1st September, 2009 17:19

    At close, the Instanex FII Index was down 1.01% at 328.63 (-1.16% at 3 pm) and the Instanex DII 15 portfolio was down 0.91% (-0.95% at 3 pm). Nifty was down 0.79%

  • Tatas seek compensation for Singur land from Bengal govt 

    1st September, 2009 17:08

    After being singed in Singur, Ratan Tata, Chairman, Tata Group, says the Tatas will help the West Bengal government set up any project on the Singur land. He expec

  • Buy Hero Honda, target of Rs 1762: Motilal Oswal

    1st September, 2009 16:51

    Motilal Oswal has maintained its buy rating on Hero Honda Motors, with price target of Rs 1762. The research firm maintains FY10 earnings estimates at Rs 100 (56%

  • Report card: UPA's 100 days in power 

    1st September, 2009 16:49

    The united progressive alliance (UPA) government completed 100 days in office this weekend soon after giving a resounding mandate to return to power. The governmen

  • An idea to change lives: Amartya Sen’s idea of justice 

    1st September, 2009 16:39

    Nobel Laureate and Author Amartya Sen has launched his latest book, 'The Idea of Justice'. The book revolves around the existing theory of justice, which he calls

  • Tata Motors adds 15 lakh shares in OI 

    1st September, 2009 16:28

    There were lot of individual stocks buzzing in the F&O space. Tata Motors was among the top Nifty gainers. It added about 15 lakh shares in open interest (OI). Uni

  • Will take 1 year to restore Maytas' operations: IL&FS 

    1st September, 2009 16:17

    IL&FS head, Ravi Parthasarthy said, the government took decision considering long-term interest of Maytas. “We have had many dealings with Maytas in the past and h

  • NHPC slips below issue price; what should investors do now?

    1st September, 2009 16:11

    While analysts blame high valuations for NHPC IPO coming a cropper at the market, lead manager Enam Securities says it’s time to stop the flipping game and look at

  • Book some profits in Maruti Suzuki: S Betadpur 

    1st September, 2009 16:04

    One can book some profits in Maruti Suzuki, says Satish Betadpur, CFA, Global Research Director of Independent Intl Investment Research. The valuation is looking v

  • Infy, Wipro, Genpact, IBM Daksh in race to buy AmEx BPO biz 

    1st September, 2009 15:50

    A captive BPO unit of American Express is on the block. CNBC-TV18 learns from sources that Wipro, Genpact and IBM Daksh may be in the race. Sources say that Infosy

  • Stay invested in the NIIT Tech, Aptech: Mohindar 

    1st September, 2009 15:42

    One should stay invested in the NIIT Tech and Aptech, says Rahul Mohindar. And any dip would be a buying opportunity, he added.

  • Expect short term dip in the auto space: Mohindar 

    1st September, 2009 15:35

    A short term dip is expected in the auto space, says Rahul Mohindar.

  • Midcap stocks will outperform: Chaturvedi 

    1st September, 2009 15:28

    Midcap stocks will outperform over a one year period, says Ved Prakash Chaturvedi, MD of Tata Mutual Fund. Midcaps are higher beta, if there is a sharp sell off ob

  • Sugar prices rise on demand-supply mismatch 

    1st September, 2009 15:25

    Sugar prices surged yet again in the international markets and were up by nearly 4%. The Indian numbers were of a bit of a concern. On October 1 sugar stock is est

  • ACC among major losers

    1st September, 2009 15:19

    At 3:14 pm,ACC was among the major losers on the Sensex. It touched an intraday high of Rs 822.10 and an intraday low of Rs 775.10. The share was quoting at Rs 776

  • NHPC fails HNIs, brokerages fear impact on Oil India IPO 

    1st September, 2009 15:14

    It was a modest listing for NHPC today, a little above its issue price. HNIs that resorted to leverage trading are incurring huge losses, reports CNBC-TV18's Hares

  • Buy Punj Lloyd, target of Rs 300: Bonanza

    1st September, 2009 15:08

    Buy Punj Lloyd with a target price of Rs 300, says Bonanza's research report.

  • Asian markets end higher; Taiwan Weighted up 2.84%

    1st September, 2009 15:01

    Asian markets ended higher. Hong Kong's Hang Seng rose 0.75% or 148.11 points at 19,872.30. Taiwan's Taiwan Weighted surged 2.84% or 193.80 points at 7,019.75.

  • Jindal Cotex IPO subscribed 2.2 times

    1st September, 2009 15:00

    Jindal Cotex closed its IPO (initial public offering) today and was subscribed 2.2 times, as per the data available on the NSE website. It had come out with its IP

  • Orchid Chem gets US FDA tentative nod for Clarinex, stk dwn

    1st September, 2009 14:59

    Orchid Chemicals has got US FDA tentative okay for generic Clarinex, quoting NW18, reports CNBC-TV18. It touched an intraday high of Rs 124.90 and an intraday low

  • Buy Adlabs Films on dip: N Jain 

    1st September, 2009 14:48

    One can buy Adlabs Films on declines, says Nishant Jain, Director, TradeSwift Broking. It is finding a support at about Rs 300-310 levels. It has resistance at abo

  • Buy Hotel Leela, says Nishant Jain 

    1st September, 2009 14:44

    One can buy Hotel Leela, says Nishant Jain, Director, TradeSwift Broking. It should retest its previous high of about Rs 42-43. One should keep a stoploss of Rs 31

  • Suzlon Energy adds 61 lakh shares in OI 

    1st September, 2009 14:39

    The Nifty 4,700 put and 4,600 put continued to add huge open interest. Suzlon Energy had been recovering from the level of around Rs 87, today it was up nearly 5%

  • PVR has target of Rs 133: P Sekhar 

    1st September, 2009 14:36

    PVR has target of Rs 133, says P Phani Sekhar of Angel Broking. It has got around 108 screens and accounts to 13-16% of box office revenues for the top films in th

  • KCP Sugar has target of Rs 29: Gujral 

    1st September, 2009 14:30

    KCP Sugar has target of Rs 29, says Technical Analyst, Ashwani Gujral. It manufactures and exports of sugar and industrial alcohol and acetic acid products, the co

  • Current capital outlay at Rs 10000cr: Gammon Infra 

    1st September, 2009 14:27

    Gammon would like to enhance its networth by March end, its MD Pervez Umrigar says. The current capital outlay stands at Rs 10,000 crore, he added.

  • European markets trading weak; DAX, FTSE down 1.2%

    1st September, 2009 14:17

    At 14: 12 pm (IST), European markets were trading weak. CAC 40 fell 0.76% or 27.79 points at 3,625.75. DAX slipped 1.36% or 74.55 points at 5,390.06. FTSE 100 fell

  • Auto sales to be strong in Q3, Q4: M&M 

    1st September, 2009 14:13

    M&M may introduce discounts in the festive period. Sales growth of the company will be strong in Q3 and Q4, Rajesh Jejurikar said adding "no slowdown in sales due

  • Unitech trips on selling pressure

    1st September, 2009 14:09

    Unitech touched an intraday high of Rs 109.60 and an intraday low of Rs 102.60. At 2:06 pm, the share was quoting at Rs 103.40, down Rs 3.35, or 3.14%. It was trad

  • Rs 24000cr hit for equity mkts if IRDA focuses on non-ULIPs 

    1st September, 2009 14:02

    The equity markets could see Rs 24,000 crore less inflows this year if the insurance regulator insurance regulatory and development authority (IRDA) has its way. C

  • Amtek Auto gushes forth

    1st September, 2009 13:58

    Amtek Auto touched an intraday high of Rs 173.50 and an intraday low of Rs 162. At 1:55 pm, the share was quoting at Rs 163, up Rs 8.10, or 5.23%. It was trading w

  • Sensex erases early gains, down over 2% from day's high

    1st September, 2009 13:48

    At 13:45 hours IST - the Sensex gave up its early gains and was trading lower. European markets also turned negative post its positive trading in early trade; FTSE

  • Andhra Sugars has target of Rs 157.5: Gujral 

    1st September, 2009 13:44

    Andhra Sugars has target of Rs 157.5, says Technical Analyst, Ashwani Gujral. This specialises in manufacture and distribution of sugar and molasses; the company a

  • Instanex FII Index up 1.07%

    1st September, 2009 13:34

    At 1 pm, the Instanex FII Index was up 1.07% at 335.52 (+1.06% at 12 noon) and the Instanex DII 15 portfolio was up 0.95% (+0.94% at 12 noon). Sensex was up 1.48%

  • Nifty hovers around 4700; RIL, Maruti, Infy, ICICI Bk lead

    1st September, 2009 13:29

    At 13:25 hours IST - the Nifty was hovering around 4700 level, after giving up some of its gains. European markets also gave up their early trade gains and were tr

  • Essar Oil flares up

    1st September, 2009 13:21

    Essar Oil touched an intraday high of Rs 153.10 and an intraday low of Rs 145.50. At 1:18 pm, the share was quoting at Rs 152.45, up Rs 7.25, or 4.99%. It was trad

  • HNIs must exit NHPC: SP Tulsian 

    1st September, 2009 13:05

    SP Tulsian of sptulsian.com was disappointed with the NHPC listing. He advices high net worth individual to get out of the stock. “The HNI investor knows how to ma

  • Gujarat Ind Power slips on profit booking

    1st September, 2009 12:53

    Gujarat Industries Power Co. touched an intraday high of Rs 121.90 and an intraday low of Rs 113.70. At 12:49 pm, the share was quoting at Rs 114.65, down Rs 5.75

  • Bombay Rayon to raise Rs 500cr, stk up 5%

    1st September, 2009 12:44

    Bombay Rayon Fashions has approved raising upto Rs 500 crore via ADR/ GDR/ QIP, reports CNBC-TV18. It touched an intraday high of Rs 215 and an intraday low of Rs

  • ING Midcap Fund declares dividend

    1st September, 2009 12:40

    ING Midcap Fund has announced a dividend, for which the record date has been fixed as September 4, 2009.

  • Gati maintains its march ahead

    1st September, 2009 12:30

    Gati touched an intraday high of Rs 61.25 and an intraday low of Rs 55.25. At 12:24 pm, the share was quoting at Rs 60.70, up Rs 6, or 10.97%. It was trading with

  • Sensex maintains uptrend; auto, realty outperform

    1st September, 2009 12:18

    At 12:16 hours IST today, the Sensex maintained its uptrend on the back of buying across all the sectors; only 1/10th of shares were trading in the red.

  • Adani Power a better bet than NHPC: S Verma 

    1st September, 2009 12:13

    Adani Power is a better bet than NHPC, says Sanju Verma, CEO-Institutional Business, Proactive Universal Group.

  • Tata Motors hits 52-week high

    1st September, 2009 12:10

    At 12:04 pm, Tata Motors touched a 52-week high of Rs 515.55. The share was quoting at Rs 514, up Rs 24.30, or 4.96%. It was trading with volumes of 4,920,486 shar

  • NSE shifts stocks to trade-for-trade segment

    1st September, 2009 11:59

    Annexure- 1 includes the list of securities to be shifted from rolling segment (series: EQ) to trade for trade segment (series: BE) with a price band of 5% with ef

  • Jindal Steel, bankers seek clarity from RBI on NPA norms 

    1st September, 2009 11:56

    India's largest stainless steel manufacturer Jindal Stainless and its lenders are seeking clarifications from the Reserve Bank of India (RBI) before deciding the c

  • Maruti Suzuki speeds up

    1st September, 2009 11:41

    Maruti Suzuki India touched an intraday high of Rs 1,494 and an intraday low of Rs 1,448. At 11:29 am, the share was quoting at Rs 1,492, up Rs 55.35, or 3.85%. It

  • Bharati Shipyard has target of Rs 203: P Sekhar 

    1st September, 2009 11:34

    Bharati Shipyard has target of Rs 203, says P Phani Sekhar of Angel Broking. Unexecuted order book to sales as at the end of FY09 stands at 3.5 times, which means

  • IL&FS' 37% stake in Maytas adequate for control: JR Varma 

    1st September, 2009 11:32

    IL&FS' Maytas takeover was within existing guidelines, JR Varma, a former SEBI member, said, adding that Maytas needed a company with deep pockets to save it.

  • Lanco Industries has target of Rs 51: S Dhawan 

    1st September, 2009 11:26

    Lanco Industries has target of Rs 51, says Sajiv Dhawan of JV Capital Services. Considering the good result investors can still hold on to the stock for the next c

  • Kalpataru Power up on bagging orders of Rs 1400 cr

    1st September, 2009 11:22

    Kalpataru Power Transmission has bagged orders worth Rs 1,400 crore, reports CNBC-TV18. Post the news, stock was marginally up. It touched an intraday high of Rs 8

  • Sakthi Sugars has target of Rs 92: Gujral 

    1st September, 2009 11:15

    Sakthi Sugars has target of Rs 92, says Technical Analyst, Ashwani Gujral. This company is a sugar processor; it has four divisions, sugar, distillery, Soya and c

  • TVS Motor up on good 2-wheeler Aug sales numbers

    1st September, 2009 11:11

    TVS Motor's August sales of 2-wheeler was at 1.27 lakh units versus 1.14 lakh units (YoY), reports CNBC-TV18. It touched an intraday high of Rs 52.40 and an intra

  • Optimistic Macquarie pegs India FY11 GDP at 8% 

    1st September, 2009 11:02

    Even as Macquarie Capital Securities has cut its India FY10 gross domestic product (GDP) growth estimates by 50 basis points (0.5%) to 6.5%, it expects the Indian

  • Nifty trades above 4700; all sectoral indices in green

    1st September, 2009 10:59

    At 10:56 hours IST - the Nifty extended gains and recovered nearly all yesterday's losses. Buying in telecom, banking, FMCG, auto, realty, power, select capital go

  • Silver looks good: Nirmal Bang

    1st September, 2009 10:48

    Silver looks good for the day and may rise in line with other industrial metals, says Nirmal Bang's report.

  • Sell rupee on rallies: Commtrendz Research

    1st September, 2009 10:40

    Commtrendz Research has recommended to sell rupee on rallies to 48.96–49.04 with a stoploss of 49.15 and a target of 48.68–48.58.

  • Instanex FII Index up 0.83%

    1st September, 2009 10:34

    At 10 am, the Instanex FII Index was up 0.83% at 334.74% and the Instanex DII 15 portfolio was up 0.89%. Nifty was up 0.82% and Sensex were up 0.75%.

  • Rupee may test 49.20 in near-term: IndusInd Bank

    1st September, 2009 10:31

    The rupee may test 49.20 in near-term, says IndusInd Bank's report.

  • Buy Praj Industries at Rs 102-104: S Bhamre 

    1st September, 2009 10:26

    One can buy Praj Industries at Rs 102-104, says Siddharth Bhamre of Angel Broking. One can keep a stoploss of Rs 96 and target of Rs 118. Above Rs 121 has scope to

  • Buy USD Sept around 48.70-48.60: Bonanza

    1st September, 2009 10:25

    Buy US Dollar September at around 48.70-48.60 with stoploss below 48.40 and target of 49, says Bonanza's research report.

  • Suzlon Energy top gainer on the Nifty

    1st September, 2009 10:16

    At 10:13 am, Suzlon Energy was the top gainer on the Nifty. It touched an intraday high of Rs 97.80 and an intraday low of Rs 94. The share was quoting at Rs 97.75

  • Mah Satyam up on MSCI's inclusion

    1st September, 2009 10:09

    Mahindra Satyam included in MSCI's Global Standard Indices; ADR was up nearly 22%. It touched an intraday high of Rs 127.60 and an intraday low of Rs 122.70. At 10

  • Now, retailers may run out of sugar stock 

    1st September, 2009 10:01

    Sugar at your nearby supermarket has been getting expensive by the week. But with the country facing acute sugar shortage and the Diwali season round the corner, w

  • Sensex bounces back on +ve Asian cues; NHPC disappoints

    1st September, 2009 09:59

    The Sensex bounced back following positive Asian cues. The Nifty was hovering around the 4700 mark. Capital Goods, FMCG, realty, select telecom and banking stocks

  • NHPC slips after listing at Rs 42 on the NSE

    1st September, 2009 09:56

    NHPC listed at Rs 42 on the NSE at a premium of 16.67% to its issue price of Rs 36 a share. However the share slipped and was trading at Rs 38 at a premium of 5.57

  • Valuing Matyas Infra would be difficult: Udayan Mukherjee 

    1st September, 2009 09:51

    The open offer would have some Maytas Infra's bearing on the price movement in the near-term but beyond that it was a tough valuation call, says Udayan Mukherjee.

  • Losing Asarco may not dent Sterlite's earnings much: Udayan 

    1st September, 2009 09:48

    Sterlite’s earnings wouldn’t get dented significantly, even if it fails to acquire Asarco, says Udayan Mukherjee.

  • Nifty has strong support at 4610-4470: Nirmal Bang

    1st September, 2009 09:47

    According to Nirmal Bang's report, for the short term strong support is placed in the region of 4610-4470 area.

  • Trade long in Nifty if it holds 4650: Karvy

    1st September, 2009 09:43

    According to Karvy Stock Broking's Technical Analysis report, trade long in Nifty if it holds 4650 levels, else from 4620 levels with a stop loss placed at 4600 le

  • Sensex may test 15420–15320: Angel

    1st September, 2009 09:36

    According to Angel Broking's Technical Analysis report, on the downside, if indices trade convincingly below 15589 / 4635 levels then it may test 15420 – 15320 / 4

  • Nifty may range between 4635-4700: FinQuest Sec

    1st September, 2009 09:32

    According to FinQuest Securities' report, for the day Nifty seems likely to trade in a range bound manner between 4635 and 4700.

  • Mitesh Thacker's top-five picks for trade 

    1st September, 2009 09:30

    Mitesh Thacker of miteshthacker.com advices buying IDFC, Chennai Petroleum, Hotel Leela and Gujrat NRE Coke and recommends selling Tata Steel.

  • Cairn India looks positive for short-term: Ajay Jain

    1st September, 2009 09:21

    Cairn India is still looking positive for short term investment, says Ajay Jain.

  • Oil India to invest Rs 4,500 cr for buys, exploration

    1st September, 2009 09:15

    State-owned Oil India Ltd (OIL), which is hitting the capital market on September 7, plans to invest nearly Rs 4,500 crore in the next two years on exploration-rel

  • IPO norms for insurance cos by October

    1st September, 2009 09:13

    The initial public offer guidelines for companies in the insurance sector are likely to be finalised by October, reports The Hindu Business Line.

  • Godrej Properties IPO likely in Nov

    1st September, 2009 09:10

    The proposed Godrej Properties IPO could be floated as early as November. Mr Adi Godrej, Chairman of the Godrej Group, told reporters on Monday that the draft red

  • Bull's Eye: Stocks to buy today 

    1st September, 2009 09:02

    Technical Analyst, Ashwani Gujral is bulish on Sakthi Sugar, Uttam Sugars, Andhra Sugars and KCP Sugar.

  • Rupee has support at 49/USD: Verity Analytics

    1st September, 2009 09:00

    According to Vikram Nanivadekar, Verity Analytics, global cues remain indecisive. Key support for the rupee is seen at Rs 49 per dollar. The range for the day is s

  • ASARCO bid: US bankruptcy judge favours Grupo Mexico 

    1st September, 2009 08:56

    A US judge ruling in the ASARCO bankruptcy case has recommended the Grupo Mexico bid for the beleaguered company over Sterlite Industries’ bid. "The Grupo Mexic

  • Market cues: FIIs net buy $ 224 mn

    1st September, 2009 08:49

    Market cues: FIIs net buy USD 224 million and MFs net buy Rs 65 crore in cash on August 28.

  • NHPC lists today; grey mkt premium at Rs 4-5 

    1st September, 2009 08:40

    NHPC from the power space is set to enter the bourses today. The company has raised Rs 6,039 crore from the market. The initial public offer (IPO) was subscribed o

  • Sensex has resistance at 15880: Gaba

    1st September, 2009 08:35

    The crucial support for the Sensex is 15470-15426 and the resistance is at 15880. The crucial support for the Nifty is at 4600 and resistance is at 4700-4789.

  • NTPC-BHEL unit to be completed by 2011-12

    1st September, 2009 08:32

    The first phase of the NTPC-BHEL power equipment project at Mannavaram in Chittoor district of Andhra Pradesh will be completed by 2011-12.

  • Crude slips below $ 70/bbl; copper declines 4% 

    1st September, 2009 08:30

    Crude prices fell nearly 4% to trade below USD 70 a barrel as a drop in China's key stock index dented optimism about the pace of economic recovery, and the US dol

  • Indian ADRs: Satyam gains 21.5%, Tata Motors slips 3.8%

    1st September, 2009 08:24

    Indian ADRs ended in red barring Satyam Computers, which was up 21.53% at $ 6.66. In the IT space, Infosys was down 2.26% at $ 43.23, Wipro was down 1.13%

  • US markets decline on sell-off in Chinese equities

    1st September, 2009 08:22

    The US markets ended lower following a sell-off in Chinese equities; commodities slipped and crude was down nearly 4%.

  • Wall Street ends lower; crude prices drop nearly 4%

    1st September, 2009 08:13

    The US markets ended lower as a broad-based selling effort took hold following a steep sell-off in China's Shanghai Composite Index. The Dow fell 47.92 points, or

  • NAVs close lower on weak markets

    1st September, 2009 00:34

    Equity diversified NAVs ended lower with advance:decline ratio of 66:175. The Sensex snapped a seven-day winning streak and closed sharply lower on the back of sel

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