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On Monday, private sector lender HDFC Bank beat analysts estimates by announcing a 33.2% (year-on-year) rise in its net profit for the fourth quarter (January-March) of Fiscal year 2011. Aided by a strong loan-book growth and higher fee-based income, the bank posted a profit of Rs 1,114.7 crore.
Zee Entertainment Enterprises is to announce its fourth quarter results. The company's Q4FY11 revenues are seen up 14% to Rs 740 crore versus Rs 650 crore, year-on-year, YoY.
Aditya Birla Money is bearish on Hindustan Oil Exploration Company (HOEC) and has recommended sell rating on the stock with a target of Rs 195 in its April 19, 2011 research report.
Suryachakra Power Corporation is going to list GDRs on Luxembourg Stock Exchange, reports CNBC-TV18. It touched an intraday high of Rs 14.40 and an intraday low of Rs 13.20. At 12:00 hrs the share was quoting at Rs 14.15, up Rs 0.84, or 6.31%.
Western India Shipyard has got Rs 60 crore order from Aban Offshore for repair work, reports CNBC-TV18. It touched an intraday high of Rs 14.44 and an intraday low of Rs 13.02. At 11:58 hrs the share was quoting at Rs 13.85, up Rs 0.56, or 4.21%.
IDBI Bank is to announce its fourth quarter results, According to CNBC-TV18's estimates, the company's Q4FY11 net interest income (NII) is seen up 60.6% at Rs 1220 crore versus Rs 760 crore.
The benchmark Sensex was consolidating since the beginning of trade today and has seen a swing of more than 200 points. Market is waiting for some trigger for further direction on either side.
The Asian Development Bank may need to slightly downgrade its forecast of 1.5% economic growth for Japan this year but a contraction in the economy is unlikely, Changyong Rhee, its chief economist, said on Tuesday.
South Korea's POSCO will raise domestic steel product prices by 16% to 18% from April 22, the first hike since June last year, industry sources said on Tuesday.
Firstcall Research is bullish on GSK pharmaceutical and has recommended buy rating on the stock with a target of Rs 2450 in its April 18, 2011 research report.
IIFL is bullish on ICICI Bank and has recommended buy rating on the stock with a target of Rs 1116 in its April 19, 2011 research report.
Writer-actor Nalin Singh, who makes his debut with 'Dear Friend Hitler', says the film is not pro-Hitler and rather highlights how Mahatma Gandhi's ideology of non-violence helps in winning any battle.
Spontaneous activity on the Internet is on the wane among experienced users as they shun aimless surfing and plan their online sessions more, according to a study published by Microsoft and two agencies.
Moser Baer (India) is in talks with Standard Chartered Private Equity to raise USD 200 million for power foray, reports The Times of India. It touched an intraday high of Rs 44.60 and an intraday low of Rs 43.45. At 11:12 hrs the share was quoting at Rs 44.30, up Rs 0.65, or 1.49%.
Mahindra and Mahindra (M&M) touched an intraday high of Rs 734.95 and an intraday low of Rs 715. At 11:09 hrs the share was quoting at Rs 732.30, up Rs 10.75, or 1.49%.
HCL Technologies touched an intraday high of Rs 473.90 and an intraday low of Rs 465. At 11:10 hrs the share was quoting at Rs 471.70, up Rs 8.65, or 1.87%.
Bharat Heavy Electricals (BHEL) was among major losers on the Sensex. It touched an intraday high of Rs 2,185 and an intraday low of Rs 2,112.10. At 11:05 hrs the share was quoting at Rs 2,140.65, down Rs 46.80, or 2.14%.
The rupee fell to a 2-1/2 week low on Tuesday, tracing losses in the euro and Asian currencies as risk aversion dominated market sentiment against the backdrop of sovereign debt problems in Europe and the United States.
Future Ventures Ltd, a unit of the Future Group which runs the country's top listed retailer Pantaloon Retail, said on Tuesday it has set a price band of 10-11 rupees a share for its planned 7.5 billion rupee initial public offering of shares.
PINC Research is bullish on Persistent Systems and has recommended buy rating on the stock with a target of Rs 475 in its April 19, 2011 research report.
Indian equity benchmarks tested the important psychological levels in morning trade at 10:36 hours - the Nifty hit the 5700 level and the Sensex touched the 19,000-mark amid extreme volatility. The consolidation was imminent after a sharp fall in previous two sessions.
KSK Energy Ventures touched an intraday high of Rs 115 and an intraday low of Rs 108. At 10:16 hrs the share was quoting at Rs 112.60, up Rs 4.95, or 4.60%.
On April 18, 2011 SAL REAL ESTATE PRIVATE LIMITED bought 500,000 shares of SVC Resources at Rs 18.20 on the BSE.
Goldman Sachs Group Inc is expected to report sharply lower quarterly earnings due to weak trading results and a charge for buying back preferred stock from Warren Buffett's Berkshire Hathaway.
IDBI Bank is to announce its fourth quarter results, According to CNBC-TV18's estimates, the company's Q4FY11 net interest income (NII) is seen up 60.6% at Rs 1220 crore versus Rs 760 crore.
