Aditya Birla Money is bearish on Cummins India and has recommended short rating on the stock with a target of Rs 640 in its January 17, 2011 research report.
Power Finance Corporation (PFC) is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its Q3 profit after tax (FY11) is expected to go up by 23.5% at Rs 696.3 crore as against Rs 563.7 crore, year-on-year basis.
Indiabulls Real Estate is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its Q3 net profit is expected to go up at Rs 54.1 crore as against Rs 50.85 crore.
Bhandari Hosiery Exports board has approved bonus in ratio of 7:20, reports CNBC-TV18. It touched an intraday high of Rs 46.50 and an intraday low of Rs 43. At 09:47 hrs the share was quoting at Rs 45.65, up Rs 1.80, or 4.10%.
Kiri Dyes and Chemicals has board meeting on stock split, reports CNBC-TV18. It touched an intraday high of Rs 414 and an intraday low of Rs 390. At 09:45 hrs the share was quoting at Rs 404, up Rs 9.05, or 2.29%.
Russia's move to open up its prized Arctic reserves to oil major BP is driven by the Kremlin's desire to avoid a fall in production and remain the world's leading oil nation.
Former president Pervez Musharraf said on Sunday that Pakistan's blasphemy laws could not be changed, but that the man who killed the governor of Punjab province over his opposition to them must be punished.
Reliance Power touched a 52-week low of Rs 134.05. At 09:26 hrs the share was quoting at Rs 140.40, down Rs 6.50, or 4.42%.
Oil companies have raised petrol prices by Rs 2.50-2.54 per litre with effect from Saturday midnight. Also they raised ATF prices by 2%, reports CNBC-TV18.
SAIL signs MoU with IRCON for cooperation in rail infrastructure projects Maharatna Steel Authority of India Limited (SAIL) signed a memorandum of understanding (MoU) with IRCON International Limited. IRCON is a power supply unit (PSU) under the Ministry of Railways.
According to a report by Angel Broking, if Nifty trades below 5709 levels for the first half-an-hour of trade then it may correct up to 5585-5515 levels.
The benchmark Nifty started the session on a flat note and was consolidating at Friday's closing value as it witnessed drastic sell-off in previous few sessions.
Axis Bank is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, the bank is expected to post Q3 profit after tax of Rs 827.2 crore as against Rs 656 crore, a growth of 26% year-on-year basis.
Engineering firm Larsen & Toubro (L&T) is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its standalone profit after tax (PAT) is expected to go up by 2.8% at Rs 790 crore as against Rs 768.8 crore, year-on-year basis.
The Indian rupee opened at 45.43 per dollar versus 45.36 Friday.
Money Market Operations as on January 14, 2011
The UK and Europe's weakest economies are looking most at risk from a surge in crude oil to near USD 100 a barrel that threatens a nascent recovery.
As per stars oil marketing companies may see upward movement, says Ajay Jain of astromoneyguru.
The coming session is likely to witness a range of 5775 on advances. Support is likely at the 5535. The wide range is due to the high base effect of Fridays intraday range.
Nectar Lifescience has announced its third quarter number. Its Q3 net sales were at Rs 320 crore versus Rs 242 crore.
Jaiprakash Power Venture has declared its third quarter number. Its Q3 total sales were at Rs 181 crore versus Rs 119 crore.
Stock Futures shed 47 lakh shares in OI. Nifty Futures added 16.6 lakh shares shares in OI and ended flat versus 4 points premium.
News Roundup: UTV In Talks To Exit Indiagames
Stretching and strengthening exercises may help prevent widespread knee problems, including one form of what is known as "runner's knee," among physically active people, a study of army recruits found.
Attacks on computer systems now have the potential to cause global catastrophe, but only in combination with another disaster, the Organisation for Economic Cooperation and Development (OECD) said in a report on Monday.