BP in talks to buy stake in RIL gas block: Report
BP Plc is in talks with Indian energy major Reliance Industries to buy a 30% to 45% stake in the D6 hydrocarbon block in a basin off India's east coast, the Mint newspaper reported on Monday citing a person with knowledge of the development.
Sterlite Ind completes acquisition of Black Mountain Mines
Sterlite Industries has completed acquisition of Black Mountain Mines in South Africa, reports CNBC-TV18. It touched an intraday high of Rs 171.75 and an intraday low of Rs 169.05. At 09:41 hrs the share was quoting at Rs 170.95, up Rs 2.35, or 1.39%.
Unitech repays debt of Rs 178 cr loans; stk rises 3.7%
Unitech has repaid debt of Rs 178 crore loan ahead of February 22 deadline, reports CNBC-TV18. It touched an intraday high of Rs 45.90 and an intraday low of Rs 43.25. At 09:38 hrs the share was quoting at Rs 44.70, up Rs 1.60, or 3.71%.
Tata's unending quest for a telecom strategy
The iconic business group finds its search for a viable business model in mobile telephony business still elusive.
India Infoline completes 100% buyback; stock up
India Infoline has completed 100% buyback for Rs 104 crore up to Rs 99 per share, reports CNBC-TV18. It touched an intraday high of Rs 77.70 and an intraday low of Rs 75.15. At 09:30 hrs the share was quoting at Rs 76.75, up Rs 0.80, or 1.05%.
Many get antidepressants for no psychiatric reason
More than a quarter of people in the United States who take antidepressants have never been diagnosed with any of the conditions the drugs are typically used to treat, according to a study.
Cipla in poor health
Cipla touched an intraday high of Rs 320 and an intraday low of Rs 314. At 09:25 hrs the share was quoting at Rs 314.10, down Rs 10.10, or 3.12%.
Eicher Motors gains 5% on better Q3 numbers
Eicher Motors Q3 consolidated revenue was up 41.2% at Rs 1243.5 crore versus Rs 880.4 crore, YoY. Its PAT was up 170% at Rs 54.3 crore versus Rs 20.3 crore, YoY, reports CNBC-TV18. It touched an intraday high of Rs 1,140 and an intraday low of Rs 1,081. At 09:21 hrs the share was quoting at Rs 1,123.05, up Rs 53.55, or 5.01%.
Nifty hovers around 5400 amid choppy trade
The benchmark Nifty bounced back on Monday after a sharp cut seen on Friday as well as previous week. But markets could not hold that recovery and immediately turned volatile. Index was hovering around 5400 level in early trade.
Asia stocks rise on upbeat US jobs data, dollar firm
Asian stocks rose on Monday as the US job market showed further signs of recovery, highlighting a brighter outlook for its economy, while the dollar held firm against a basket of other major currencies.
Rupee seen steady on inflows
The rupee should open little changed on Monday and move in a narrow band as dollar inflows from commercial borrowings by companies are expected to offset import demand.
Stock market prediction for Feb 7-11: Astrostocktips
Paints, capital goods and pharma sectors will be getting astrological support, says Satish Gupta of astrostocktips.
Bjorn becomes first Dane to win Qatar Masters
Thomas Bjorn become the first Danish-born player to capture the Qatar Masters on Sunday when he recorded a bogey-free final round 69 in windy conditions to win by four strokes.
Rupee opens at 45.64 per dollar
The Indian rupee opened at 45.64 per dollar versus 45.59 Friday.
Fertilizer stocks look positive: Astromoneyguru
Today keep eyes on Fertilizer, steel, oil and gas and banking front line stocks for short term trading.
Egypt banks face queues, pounds dips only slightly
Egypt's Banks opened for the first time in a week to queues of customers seeking to access their accounts on Sunday, but the Egyptian pound weakened only modestly after violent protests gave way to calmer political talks.
Filming on Hobbit movies to start in March
Filming will begin on the long-awaited "Hobbit" movies next month, ending extended delays due to a series of woes including funding problems and a labour dispute which nearly saw the project shifted out of New Zealand.
Mubarak still in power as government, opposition talk
President Hosni Mubarak held onto power on Monday, defying a popular uprising against his autocratic rule, after the government opened talks with opposition groups to resolve Egypt's deepest crisis in 30 years.
Nikkei hits 9-mth high on US data, weaker yen
Japan's Nikkei average extended last week's gains to hit a nine-month high on Monday, helped by a fall in the US jobless rate, a weaker yen against the dollar and after generally strong Japanese corporate earnings last week.
Shoemaker Jimmy Choo backer eyes sale: Paper
Designer shoe firm Jimmy Choo could be up for sale after a strategic review of the business carried out by its private equity backer concluded that it should be sold, the Independent on Sunday reported.
Crude trades above USD 89/bbl
Crude pared gains on Friday and declined after reports of Hosni Mubarak stepping down. Brent closed below USD 100/barrel.
Nifty may rally up to 5512-5628: Angel
According to a report by Angel Broking, if Nifty trades above 5440 during the first half-an-hour of trade then we may witness a further rally up to 5512-5628 levels.
Nifty 5400 Call adds 30 lakh shares in OI
Nifty Futures added 31.1 lakh shares in OI and ended at discount of 9 points versus 13 points premium.
Ganeshaspeaks: Market prediction for Feb 07
Ganesha feels that this week India VIX is expected to be around 24.
Egypt's vice president demonized Islamists: WikiLeak
Egypt's new vice president, Omar Suleiman, has long sought to demonize the opposition Muslim Brotherhood in his contacts with skeptical US officials, leaked diplomatic cables show, raising questions whether he can act as an honest broker in the country's political crisis.
