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Moneycontrol News Archive : 4 September, 2009

  • NAVs advance sharply as mkts surge

    4th September, 2009 23:40

    Equity diversified NAVs ended strong with advance:decline ratio of 248:2, as the markets snapped a four-day losing streak and closed sharply higher. Buying was see

  • RPG Group jumps on power bandwagon, to invest Rs 10000cr 

    4th September, 2009 20:40

    The RPG Group will invest Rs 10,000 crore in the power business, Chairman Harsh Goenka said, adding that the company was looking to acquire a power transmission co

  • Protectionism top of agenda at G20 FM meet in London 

    4th September, 2009 20:14

    The G20 Finance Ministers’ meeting takes place in London today ahead of the G20. Protectionism is top on the agenda along with climate change.

  • Realty cos' margins may take 30% hit with new I-T clause 

    4th September, 2009 20:01

    The government's new stance on income tax benefits under section 80 I-B (10) for the real estate sector may take the industry by storm. Developers could see a plun

  • Experts differ on mkt movement, sector views 

    4th September, 2009 19:36

    The opinion is quite clearly divided among those who feel valuations are high and the market may go lower.

  • Astra Microwave can head upto Rs 120: Gaba

    4th September, 2009 18:39

    Astra Microwave Products can head upto Rs 120, says Technical Analyst, Prakash Gaba.

  • Ratnamani Metals aims to maintain margins at 10%

    4th September, 2009 18:31

    Manoj Sanghvi of Ratnamani Metals said the company’s operating margins were likely to remain at 10%

  • Goldman Sachs seeks composite approval for India activities 

    4th September, 2009 18:26

    Golman Sachs bets big on India.. It has written to the Foreign Investment Promotion Board (FIPB) seeking exemption from applicability of Press Note 1 of 2005. The

  • Doha talks: Time for India, China to step up, says Ron Kirk 

    4th September, 2009 17:37

    Why does the US Trade Representative believe that Inida is integral to global trade talks?

  • Instanex FII Index up 1.64%

    4th September, 2009 17:24

    At close, the Instanex FII Index was up 1.64% at 330.17 (+1.79% at 3 pm) and the Instanex DII 15 portfolio was up 2.22% (+2.26% at 3 pm). The broad-based Nifty (+1

  • Praj Ind has target of Rs 117-120: Thacker 

    4th September, 2009 17:11

    Praj Industries has a short term target of Rs 117-120, says Technical Analyst, Mitesh Thacker of miteshthacker.com.

  • Move over Wall Street, Shanghai to dictate global mkt cues 

    4th September, 2009 17:05

    Shankar told CNBC-TV18 that liquidity tightening in the country has blown up the global impact. According to him Shanghai will now drive the global cues.

  • Gold keen to test all time high; should you buy now?

    4th September, 2009 17:00

    Gold has been the big mover over the last few days. The metal is off its highs in the international markets as it nears the USD-1,000 an ounce mark, surging to a s

  • IFCI has a short-term target of Rs 71: Thacker 

    4th September, 2009 16:40

    IFCI has a short-term target of Rs 71, says Technical Analyst, Mitesh Thacker of miteshthacker.com.

  • Skindia GDR Index up 0.52%

    4th September, 2009 16:34

    The Skindia GDR Index was up 0.52% to 2,145.39 at 3:30 pm IST today (compared to last close) while the Nifty was up 1.89%. The Skindia GDR Index P/E ratio was 19.9

  • IFCI adds 1.8 cr shares in OI 

    4th September, 2009 16:31

    The last couple of days were lacklustre for the F&O market and today the markets saw some momentum. In the last three days, IFCI shed nearly 1 crore shares in OI a

  • Mirae Asset India Opportunities declares maiden dividend

    4th September, 2009 16:26

    Mirae Asset India Opportunities Fund has announced a maiden dividend, for which the record date is September 9, 2009.

  • Crude has resistance at Rs 3400/bbl 

    4th September, 2009 16:23

    The buying has come back in almost all the commodities. Crude prices have come back from their lows of USD 67.66 per barrel and it has been holding quite firmly ab

  • WTO Delhi meet: Doha trade talks to resume on Sep 14 

    4th September, 2009 16:10

    Today, Commerce Minister, Anand Sharma announced that the Doha trade talks would resume in Geneva on September 14.

  • CESC looks attractive: Sonam Udasi 

    4th September, 2009 16:05

    CESC is looking attractive from a valuation perspective, says Sonam Udasi, VP-Research, Brics Securities.

  • Liquid funds see low returns in 2009; Rs 8000cr at loss 

    4th September, 2009 15:58

    Corporates and banks may lose close to Rs 8,000 crore this year from their investments in liquid funds. That's because the annualized returns on liquid funds have

  • Exclusive: RIL on its KG-D6 capex increase 

    4th September, 2009 15:42

    Executive Director of Reliance Industries’ PMS Prasad. Prasad counters the allegations made by ADAG and clarifies RIL’s stand. Prasad countering ADAG’s allegation,

  • Sensex snaps 4-day losing streak, ends 290 pts higher

    4th September, 2009 15:40

    The Sensex snapped a four-day losing streak and staged strong performance in the last one and half hour of the trade. The markets had witnessed volatility in the f

  • Mkts slip over 1% this week; autos outperform

    4th September, 2009 15:31

    The markets closed the week on a negative note. The 30-share BSE Sensex declined 1.5%, to 15,689.12 and the Nifty fell 1.1%, to 4680.40.

  • HDFC among major gainers

    4th September, 2009 15:29

    At 3:27 pm, Housing Development Finance Corporation, HDFC was among major gainers on the Sensex. It touched an intraday high of Rs 2,476 and an intraday low of Rs

  • Indiabulls Real Estate adds 9 lakh shares in OI 

    4th September, 2009 15:22

    The futures and options space got a little active because of Europe positive cues. The Nifty October 5200 call got very active. Indiabulls Real Estate was up about

  • Welspun Gujarat forges ahead

    4th September, 2009 15:04

    Welspun Gujarat Stahl Roh touched an intraday high of Rs 238.50 and an intraday low of Rs 228. At 3:01 pm, the share was quoting at Rs 237.50, up Rs 7.20, or 3.13%

  • Concrete gain for Unitech

    4th September, 2009 14:57

    Unitech touched an intraday high of Rs 107.15 and an intraday low of Rs 100.85. At 2:55 pm, the share was quoting at Rs 106.65, up Rs 3.40, or 3.29%. It was tradin

  • Astra Microwave has target of Rs 107-128: Kushe 

    4th September, 2009 14:52

    Astra Microwave Products has target of Rs 107-128, says Prasad Kushe of Equitytrendz.com.

  • Siemens bounces back

    4th September, 2009 14:48

    Siemens touched an intraday high of Rs 506.60 and an intraday low of Rs 486.50. At 2:44 pm, the share was quoting at Rs 504, up Rs 14.80, or 3.03%.

  • Sterlite Industries gushes forth

    4th September, 2009 14:39

    Sterlite Industries touched an intraday high of Rs 668.45 and an intraday low of Rs 644.25. At 2:37 pm, the share was quoting at Rs 666.60, up Rs 22, or 3.41%. It

  • IFCI soars high

    4th September, 2009 14:33

    IFCI touched an intraday high of Rs 58.80 and an intraday low of Rs 52.10. At 2:31 pm, the share was quoting at Rs 57.80, up Rs 5.15, or 9.78%. It was trading with

  • Larsen and Toubro gains smartly

    4th September, 2009 14:28

    Larsen and Toubro touched an intraday high of Rs 1,585.60 and an intraday low of Rs 1,508.60. At 2:27 pm, the share was quoting at Rs 1,572, up Rs 57.25, or 3.78%.

  • South India Bank has target of Rs 124: P Sekhar 

    4th September, 2009 14:23

    South India Bank has target of Rs 124, says P Phani Sekhar of Angel Broking.

  • Analysis: Tata Cap vs L&T Finance NCD 

    4th September, 2009 14:12

    L&T Finance is closing its non-convertible debenture (NCD) issue today. CNBC-TV18’s Research Analyst Haresh Soneji analyses how Tata Capital NCD's effective yield

  • Finolex Cables has target of Rs 46: P Sekhar 

    4th September, 2009 14:00

    Finolex Cables has target of Rs, says P Phani Sekhar of Angel Broking. It’s mainly into electrification cables, copper rods and communication cables and about 90%

  • Brokerages are unanimous: Say subscribe to Oil India IPO

    4th September, 2009 13:48

    Research and broking firms have recommended investors to subscribe to Oil India's initial public offering. Oil India, the second largest oil and gas company in Ind

  • ISMT witnesses buying interest

    4th September, 2009 13:38

    ISMT touched an intraday high of Rs 38.85 and an intraday low of Rs 36. At 1:36 pm, the share was quoting at Rs 37.95, up Rs 2.45, or 6.90%. It was trading with vo

  • Monnet Ispat marches ahead

    4th September, 2009 13:26

    Monnet Ispat touched an intraday high of Rs 368.35 and an intraday low of Rs 338.05. At 1:23 pm, the share was quoting at Rs 367, up Rs 30.35, or 9.02%. It was tra

  • Finolex Cables gains smartly

    4th September, 2009 13:18

    Finolex Cables touched an intraday high of Rs 44.20 and an intraday low of Rs 43.05. At 1:16 pm, the share was quoting at Rs 43.85, up Rs 1.85, or 4.40%. It was tr

  • Pratibha Ind has target of Rs 218: Sajiv Dhawan 

    4th September, 2009 13:10

    Pratibha Industries has target of Rs 218, says Sajiv Dhawan of JV Capital Services. It is involved in road projects, commercial projects, housing and it has a very

  • BHEL an outperformer, target of Rs 2653: Karvy

    4th September, 2009 13:05

    Bharat Heavy Electricals will be outperformer, says Karvy Stock Broking's report.

  • Buy Balrampur Chini, target of Rs 157: SKP Securities

    4th September, 2009 13:00

    Buy Balrampur Chini Mills, with price target of Rs 157, says SKP Securities' report. See the research firm's analysis.

  • Buy Bank of India, target Rs 390: KRChoksey

    4th September, 2009 13:00

    Buy Bank of India with a price target of Rs 390, says KRChoksey's report. See the research firm's analysis.

  • European markets trading higher; CAC, DAX up

    4th September, 2009 12:55

    At 12: 50 pm (IST), European markets were trading higher. CAC 40 gained 0.55% or 19.42 points at 3,572.92. DAX was up 0.66% or 35.10 points at 5,336.52. FTSE 100 a

  • Nifty gains strength on positive European cues

    4th September, 2009 12:49

    At 12:45 hours IST, the Nifty gained strength post positive opening of European markets, which gained 0.5-0.9%. The Nifty was trading above the 4600 mark but remai

  • Maytas Infra locked at 5% upper circuit

    4th September, 2009 12:46

    12:43 pm, Maytas Infra was locked at 5% upper circuit. It touched an intraday high of Rs 137 and an intraday low of Rs 137. The share was quoting at Rs 137, up Rs

  • DLF top loser on Nifty

    4th September, 2009 12:39

    At 12:35 pm, DLF was top loser on the Nifty. It touched an intraday high of Rs 418.10 and an intraday low of Rs 394.70. The share was quoting at Rs 400, down Rs 12

  • Tata Elxsi has target of Rs 167: Sajiv Dhawan 

    4th September, 2009 12:38

    Tata Elxsi has target of Rs 167, says Sajiv Dhawan of JV Capital Services. Long term investors can accumulate on declines.

  • Amar Remedies has target of Rs 55-58: Gujral 

    4th September, 2009 12:32

    Amar Remedies has medium term target of Rs 55-58, says Technical Analyst, Ashwani Gujral. This company manufactures herbal and non herbal tooth paste and other cos

  • Shree Renuka Sugars extends losses

    4th September, 2009 12:21

    Shree Renuka Sugar touched an intraday high of Rs 204 and an intra day low of Rs 193.75. At 12:18 pm, the share was quoting at Rs 193.90, down Rs 8.05, or 3.99%. I

  • HOEC slips further

    4th September, 2009 12:00

    HOEC touched an intraday high of Rs 359 and an intraday low of Rs 336.55. At 11:57 am, the share was quoting at Rs 336.80, down Rs 17.45, or 4.93%. It was trading

  • Buy Bharti Airtel: Motilal Oswal

    4th September, 2009 11:53

    Buy Bharti Airtel, says Motilal Oswal's report. "Bharti Airtel is close to deal with MTN merger. The deal is expected major benefited by Bharti and acquisition pri

  • Quant Broking positive on realty space in short term 

    4th September, 2009 11:45

    Sandeep Tandon, MD & CEO, Quant Broking is positive on realty space with short term perspective.

  • Instanex FII Index up 0.11%

    4th September, 2009 11:36

    At 11 am, the Instanex FII Index was up 0.11% at 325.19 (+0.14% at 10 am) and the Instanex DII 15 Portfolio was up 0.27% (+0.36% at 10 am). Nifty was up 0.22% (+0.

  • Buy Gillette India, target of Rs 1036-1080: HDFC Securities

    4th September, 2009 11:35

    Buy Gillette India with a a price target of Rs 1,036-1,080, says HDFC Securities' report.

  • Radico Khaitan touches 52-week high

    4th September, 2009 11:31

    Radico Khaitan touched a 52-week high of Rs 121.70. At 11:29 am the share was quoting at Rs 120.70, up Rs 15, or 14.19%. It was trading with volumes of 807,178 sha

  • Astra Microwave shoots up smartly

    4th September, 2009 11:25

    Astra Microwave Products touched an intraday high of Rs 87.25 and an intraday low of Rs 76. At 11:24 am, the share was quoting at Rs 86.80, up Rs 12.55, or 16.90%.

  • Oil India IPO: Management, Lead Manager discuss prospects 

    4th September, 2009 11:21

    The current oil-gas mix, which stands at 60:40, Oil India’s CMD Borah says, is likely to be maintained. On the company’s forthcoming IPO issue, Atul Mehra, Investm

  • Buy Indiabulls Real Estate: Wadhwa 

    4th September, 2009 11:17

    One can buy Indiabulls Real Estate, says Manohar Wadhwa, VP, IIFL. Since the start of the expiry there is almost 90% open interest build up from 6 million shares t

  • See good upside in Reliance Comm: Wadhwa 

    4th September, 2009 11:13

    One can see good upside in Reliance Communications, says Manohar Wadhwa, VP, IIFL.

  • Classic Diamonds up on buying interest

    4th September, 2009 11:10

    Classic Diamonds touched an intraday high of Rs 20.80 and an intraday low of Rs 19.20. At 11:07 am, the share was quoting at Rs 20.25, up Rs 2.30, or 12.81%. It wa

  • Expect PAT to be negative this fiscal: Today's Writing 

    4th September, 2009 11:01

    No consensus had been reached upon the Today's Writing's CDR programme yet, said its Director, Ronnie Netto. According to him, the business was currently going thr

  • Investors cautious on upcoming IPOs: Antique Stock Broking 

    4th September, 2009 11:00

    Investors are very circumspect on the upcoming initial public offerings (IPOs) says Anish Jhaveri of Antique Stock Broking. According to him, there is a need to le

  • Nifty consolidates, hovers around 4600; DLF, RComm dip

    4th September, 2009 10:58

    At 10:55 hours IST today, the Nifty continued its consolidation and was hovering around the 4600 mark. Shares of oil & gas exploration, metal, select financial, ph

  • Comfort Infotech board approves stock split; stk gains

    4th September, 2009 10:54

    Comfort Infotech board has approved stock split from Rs 10 to Re 1, reports CNBC-TV18. It touched a 52-week high of Rs 107. At 10:51 am, the share was quoting at R

  • Instanex FII Index up 0.14%

    4th September, 2009 10:49

    At 10 am, the Instanex FII Index was up 0.14% at 325.30 and the Instanex DII 15 portfolio was up 0.36%. Nifty was up 0.37% and Sensex was up 0.26%.

  • After Benchmark, now Reliance MF proposes global ETF

    4th September, 2009 10:45

    Reliance MF today filed a draft offer document with the market regulator for launching a global exchange traded fund (ETF). CNBC-TV18’s Mrinalini Krishna and Gauta

  • Bias on +ve side, advise playing on Nifty options: Quant 

    4th September, 2009 10:42

    "The consolidation in the market will end," says, Sandeep Tandon, MD and CEO, Quant Broking, adding the market should resume its uptrend. He does not see a major d

  • Hopeful that book built numbers will be fair: Oil India 

    4th September, 2009 10:41

    The company’s crude production increased by 12% and gas was up 8% last year. The current oil-gas mix stood at 60:40, Oil India’s CMD Borah says, which is likely to

  • Buy Suzlon Energy on dip: Sukhani 

    4th September, 2009 10:37

    One can buy Suzlon Energy on dip, says Technical Analyst, Sudarshan Sukhani.

  • Oil India IPO: Lead Manager discusses prospects 

    4th September, 2009 10:25

    The price band for the Oil India IPO has been decided after extensive pre-marketing, says Atul Mehra of JM Financial.“Oil India stacks up very well with others in

  • Buy USD Sept on dips: Bonanza

    4th September, 2009 10:23

    Buy US Dollar September on dips around 48.80-48.70 with stoploss below 48.50 and target of 49.00-49.25, says Bonanza's research report.

  • Vendor consolidation: A threat to small IT cos 

    4th September, 2009 10:21

    British Petroleum has consolidated its USD 1.5 billion IT contract to USD 500 million by cutting the number of IT companies from 40 to five. This threatensIT compa

  • See why Raamdeo Agrawal is bullish on Tata Motor, Bharti 

    4th September, 2009 10:18

    Raamdeo Agrawal said that the pessimism in oil marketing companies (OMCs) is over and positive moves are expected in the stocks now. He is also bullish on RIL and

  • Buy Ranbaxy on every dip: Sukhani 

    4th September, 2009 10:09

    One can buy Ranbaxy Laboratories on every dip, says Technical Analyst, Sudarshan Sukhani. The short term target could be Rs 325. On a much longer term, the stock s

  • Buy S Kumars Nationwide, says Sukhani

    4th September, 2009 10:05

    One can buy S Kumars Nationwide, says Technical Analyst, Sudarshan Sukhani.

  • After Benchmark, now Reliance MF proposes global ETF 

    4th September, 2009 10:01

    Reliance MF today filed a draft offer document with the market regulator for launching a global exchange traded fund (ETF). CNBC-TV18’s Mrinalini Krishna and Gauta

  • S Kumars continues to gain

    4th September, 2009 10:01

    S Kumars Nationwide continued to gain in today's trade as well. It touched an intraday high of Rs 50.40 and an intraday low of Rs 48.80. At 09:59 am, the share was

  • Buy Aditya Birla Nuvo on dips: Sukhani 

    4th September, 2009 09:55

    One can buy Aditya Birla Nuvo on dips, says Technical Analyst, Sudarshan Sukhani.

  • Brokerages upgrade oil mktg cos as losses may dip

    4th September, 2009 09:53

    Oil marketing stocks are back in the limelight. CNBC-TV18’s Neha Bothra and Taapsi Ramchandani report that with crude hovering around the USD 70 mark, analyst expe

  • Sell Shree Renuka Sugars, says Sukhani 

    4th September, 2009 09:51

    One can sell Shree Renuka Sugars, says Technical Analyst, Sudarshan Sukhani.

  • Trade long in Nifty if it holds 4600: Karvy

    4th September, 2009 09:48

    Trade long in Nifty if it holds 4600 levels, with a stop loss placed at 4580 levels, says Karvy Stock Broking's Technical Analysis report.

  • Nifty has support at 4300-4350: Reliance Money

    4th September, 2009 09:45

    On lower side previous range of 4300-4350 continues to remain a key support for the NIFTY, says Reliance Money's report.

  • US markets ends higher; gold futures at 6 month high 

    4th September, 2009 09:43

    Investors remain cautious ahead of Friday’s jobs report. Stocks manage only a small gain but did break a four day loosing streak. The Dow gained 64 points, the Nas

  • Sensex has resistance at 15800: LKP Shares

    4th September, 2009 09:41

    For BSE Sensex support is at 15300, 15210, 14835, 14684 and resistance is at 15550, 15630, 15800, 15925, says LKP Shares' report.

  • BPCL, HPCL look good: astrostocktips

    4th September, 2009 09:34

    BPCL, HPCL will be getting strong astrological support, says Satish Gupta of www.astrostocktips.in.

  • Nifty has support at 4550: Anagram

    4th September, 2009 09:23

    In the Nifty 4550 is now the key support, says Anagram's research report.

  • Balrampur Chini looks good for intraday: Astroprofit

    4th September, 2009 09:15

    Balrampur Chini Mills (CMP 122.05) - Incorporated on dated 14th July 1975. Today Moon is transiting at 5th house from the natal moon and other planetary combinatio

  • Day to be ranged with no major triggers: Dipan Mehta 

    4th September, 2009 09:10

    Dipan Mehta expects the day to be ranged with no major triggers. He said Global cues remained key and he would watch out for US unemployment report today.

  • Expect Sensex to correct to below 13,000: Credit Suisse 

    4th September, 2009 09:07

    Nilesh Jasani of Credit Suisse expects the Sensex to correct to below 13,000 by January. He said the correction might begin only after the October earnings season.

  • Rupee opens at Rs 48.93 per dollar

    4th September, 2009 09:01

    The Indian rupee opened at Rs 48.93 per dollar versus Rs 48.91 yesterday.

  • Bull's Eye: Stocks to buy today 

    4th September, 2009 08:54

    Technical Analyst, Ashwani Gujral is positive on Amar Remedies, NOCIL, Motherson Sumi and S Kumars.

  • Mkts may remain volatile 

    4th September, 2009 08:51

    The markets closed volatile session lower yesterday. So how markets will open today? CNBC-TV18’s Research Analyst, Nimesh Shah said it looked like another day of l

  • Support for Sensex at 15321-15153: Gaba

    4th September, 2009 08:49

    The crucial support for the Sensex is 15321-15153 and the resistance is at 15573. The crucial support for the Nifty is at 4548 and resistance is at 4650.

  • Market cues: FIIs net sell $117 mn

    4th September, 2009 08:45

    Market cues: FIIs net sell USD 117 million in equity on September 2.

  • IT sector to see further job cuts

    4th September, 2009 08:41

    The employment outlook for IT companies is not expected to get any better. Experts predict that layoffs, hiring freeze and no increments may continue in the year a

  • Nifty has resistance at 4680-4730: Gujral

    4th September, 2009 08:37

    The market will have flat to positive opening today on account of mixed global cues. Nifty has supports at 4530-4550 and resistances are at 4680-4730 Smallcap and

  • Gold jumps to 6-mth high, inching towards $ 1,000/oz 

    4th September, 2009 08:33

    Gold jumped to a six-month high, nearing the 1,000 dollar mark on dollar weakness on Thursday. Copper rose for a second day as gains in global equity markets fuele

  • Spice, Virgin may bid to be MTNL’s 3G franchisee

    4th September, 2009 08:30

    A number of players including the B. K. Modi-promoted Spice Group and the UK-based Virgin Mobile have shown interest in rolling out 3G mobile services on a franchi

  • Indian ADRs: Patni up 7%, Infosys gains 2%

    4th September, 2009 08:26

    Indian ADRs ended mostly in green, barring a few. In IT space, Infosys was up 2.1% at $ 44.34, Satyam Computers was up 1.14% at $ 6.22, Wipro was up 0.78%

  • Midcaps may continue to be in focus 

    4th September, 2009 08:24

    The markets are looking to end 4-day losing streak. They are looking tired at higher levels. The Nifty was down nearly 3% this week. Global cues were not pointing

  • Asia trading mixed; Hang Seng up, Nikkei down

    4th September, 2009 08:16

    At 8: 15 am (IST), Asian markets were trading mixed. China's Shanghai Composite was up 0.11% or 3.08 points at 2,848.11. Hong Kong's Hang Seng rose 0.26% or 51.49

  • NAVs close mixed with negative bias

    4th September, 2009 00:00

    Equity diversified NAVs closed mixed with negative bias and their advance:decline ratio stood at 100:136. The markets ended weak for the fourth consecutive session

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