Bloodbath: Nifty tests 5900; heavyweights nosedive
At 14:48 hours IST - consistent sell-off in heavyweights and offloading shares by foreign investors dragged the Sensex down by 400 points and the Nifty by 120 points.
Sobha Developers Dec qtr PAT seen up at Rs 99cr: KRChoksey
KRChoksey has come out with its earning estimates on real estate sector for the quarter ended December 2010. According to the research firm, Sobha Developers December quarter sales are expected to go up by 68% to Rs 515 crore, Year-on-Year, (Y-o-Y) basis.
DLF Dec qtr PAT seen up 14% at Rs 534cr: KRChoksey
KRChoksey has come out with its earning estimates on real estate sector for the quarter ended December 2010. According to the research firm, DLF December quarter sales are expected to go up by 29% to Rs 2613 crore, Year-on-Year, (Y-o-Y) basis.
Unitech Dec qtr PAT seen up 16% at Rs 204cr: KRChoksey
KRChoksey has come out with its earning estimates on real estate sector for the quarter ended December 2010. According to the research firm, Unitech December quarter sales are expected to go up by 18% to Rs 915 crore, Year-on-Year, (Y-o-Y) basis.
Sabero Organics Dec qtr PAT seen down at Rs 10cr: KRChoksey
KRChoksey has come out with its earning estimates on fertilizers sector for the quarter ended December 2010. According to the research firm, Sabero Organics December quarter sales are expected to go up by 24% to Rs 136 crore, Year-on-Year, (Y-o-Y) basis.
Deepak Fert Dec qtr PAT seen down 17% at Rs 44cr: KRChoksey
KRChoksey has come out with its earning estimates on fertilizers sector for the quarter ended December 2010. According to the research firm, Deepak Fertilizers December quarter sales are expected to go up by 19% to Rs 430 crore, Year-on-Year, (Y-o-Y) basis.
Tata Steel signs JV with Nippon Steel; stock down
Tata Steel has signed JV with Nippon Steel for auto-grade steel plant, reports CNBC-TV18. It touched an intraday high of Rs 688 and an intraday low of Rs 663.60. At 14:18 hrs the share was quoting at Rs 666.70, down Rs 17.10, or 2.50%.
Rallis India Dec qtr PAT seen up 59% at Rs 38cr: KRChoksey
KRChoksey has come out with its earning estimates on fertilizers sector for the quarter ended December 2010. According to the research firm, Rallis India December quarter sales are expected to go up by 29% to Rs 261 crore, Year-on-Year, (Y-o-Y) basis.
Tata Motors Dec qtr PAT seen up 221% at Rs 2087cr:KRChoksey
KRChoksey has come out with its earning estimates on automobiles and auto ancillary sector for the quarter ended December 2010. According to the research firm, Tata Motors December quarter sales are expected to go up by 15% to Rs 29915 crore, Year-on-Year, (Y-o-Y) basis.
Nifty sheds about 100 pts; all BSE sectoral indices in red
At 14:01 hours IST - the 30-share Sensex shed more than 350 points and the Nifty over 100 points in afternoon trade today, pulled down by oil & gas, technology, auto, metal, FMCG and realty companies' shares.
Bharti Airtel trips on selling pressure
Bharti Airtel touched an intraday high of Rs 354.75 and an intraday low of Rs 337.75. At 13:58 hrs the share was quoting at Rs 338.60, down Rs 14.65, or 4.15%.
Buy Aurobindo Pharma; tgt of Rs 1630: Fairwealth Securities
Fairwealth Securities is bullish on Aurobindo Pharma and has recommended buy rating on the stock with a target of Rs 1630 in its January 6, 2011 research report.
Ashok Leyland slips further
Ashok Leyland touched an intraday high of Rs 65.10 and an intraday low of Rs 62.10. At 13:54 hrs the share was quoting at Rs 62.45, down Rs 2.65, or 4.07%.
Kotak Launches India Long/Short Hedge Fund
India's Kotak Mahindra Bank has launched a long/short hedge fund, a source with direct knowledge of the matter said on Friday, aiming to capture the upside in Indian shares and cut the downside by moving between sectors, and use of derivatives and cash calls.
Tata Motors declines 4.4%
Tata Motors touched an intraday high of Rs 1,263.95 and an intraday low of Rs 1,198.10. At 13:53 hrs the share was quoting at Rs 1,203.00, down Rs 56.05, or 4.45%.
Kingfisher Airlines GDR issue likely in February; stk down
Kingfisher Airlines touched an intraday high of Rs 65.85 and an intraday low of Rs 63.10. At 13:50 hrs the share was quoting at Rs 63.35, down Rs 1.75, or 2.69%. According to Sources the company's GDR issue is likely in February, quoting DowJones, reports CNBC-TV18.
Buy Jain Irrigation; target of Rs 265: Firstcall Research
Firstcall Research is bullish on Jain Irrigation Systems and has recommended buy rating on the stock with a target of Rs 265 in its January 6, 2011 research report.
Maruti Suzuki Dec qtr PAT seen down at Rs 587cr: KRChoksey
KRChoksey has come out with its earning estimates on automobiles and auto ancillary sector for the quarter ended December 2010. According to the research firm, Maruti Suzuki December quarter sales are expected to go up by 23% to Rs 9196 crore, Year-on-Year, (Y-o-Y) basis.
Hero Honda Dec qtr PAT seen down 4% at Rs 514cr: KRChoksey
KRChoksey has come out with its earning estimates on automobiles and auto ancillary sector for the quarter ended December 2010. According to the research firm, Hero Honda December quarter sales are expected to go up by 25% to Rs 4782 crore, Year-on-Year, (Y-o-Y) basis.
Affordability pushes real estate demand in Western India
Affordability, end-user demand pushed up real estate values in West India in 2010.
China business confidence improves further in Q4
China's business confidence index rose to 137 in the fourth quarter of 2010 from 135.9 in the third quarter, the National Bureau of Statistics said on Friday.
Nippon Steel,Tata to announce details of carsheet JV
Nippon Steel Corp, the world's No4 steelmaker, said it and Tata Steel will announce details of their planned automotive steel sheet joint venture at 5 pm (0800GMT).
Congress party losing public support: Poll
India's ruling Congress party is losing voter support and would lose over 40 seats if an election were called tomorrow as billion dollar scams and corruption allegations take their toll, a poll showed.
Schneider buys 55% in APW President for Rs 62cr
Schneider Electric India, the subsidiary of French energy major Schneider Electric Industries SAS, is continuing its inorganic expansion in India through mid-and-small cap buyouts.
