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As India prepares to build the world’s largest nuclear power plant, the plan has come under scrutiny in the wake of the disaster in Japan.
Marico has divested Sweekar to Cargill India, reports CNBC-TV18. It touched an intraday high of Rs 139 and an intraday low of Rs 133.50. At 09:30 hrs the share was quoting at Rs 134, up Rs 3.45, or 2.64%.
I-T department has conducted pan-India raids on Amtek Group. I-T department has covered Amtek Auto and Amtek India in raids. These raids have conducted on basis of alleged suppression of income, quoting Sources, reports CNBC-TV18.
Mahindra Satyam touched an intraday high of Rs 66.90 and an intraday low of Rs 64.75. At 09:19 hrs the share was quoting at Rs 66.40, down Rs 0.60, or 0.90%. Company’s Rs 1300 crore has frozen in banks till March 31. AP HC gives conditional order on company's plea, reports CNBC-TV18.
EIH has successfully completed rights issue. It has allotted 1.09 crore shares at Rs 66 per share, reports CNBC-TV18. It touched an intraday high of Rs 82.80 and an intraday low of Rs 82. At 09:17 hrs the share was quoting at Rs 82.35, up Rs 0.30, or 0.37%.
Reliance Industries has entered into Joint Venture with DE Shaw for financial services business, reports CNBC-TV18. It touched an intraday high of Rs 1,033 and an intraday low of Rs 1,026.25. At 09:18 hrs the share was quoting at Rs 1,032.90, up Rs 6.30, or 0.61% on the NSE.
The benchmark Nifty was positive in opening trade in the first session of the week, but amid mild gains amid extreme volatility, as the index rallied smartly in previous four sessions following an upmove in global markets.
US companies are dusting off their "help wanted " signs but the pipeline of new jobs is being filled at only a trickle.
A state German election rout for the ruling conservative party sent the euro lower on Monday, while Asian shares slipped on persistent anxiety over the tension in the Middle East and in Japan after the destructive quake and tsunami two weeks ago.
Japan's Nikkei fell on Monday as any optimism from gains on Wall Street was dampened as concerns about a crippled nuclear plant in Japan remained the key focus for investors.
Oil was steady on Monday with Brent stabilising near USD 116 as investors looked to geopolitical factors to maintain near-record long speculative positions, while flaring unrest over the weekend was limited to minor crude exporters Syria and Yemen.
Investors are betting global miner Rio Tinto will settle for a minority stake in Africa-focused Riversdale Mining after its A$3.9 billion (USD 4 billion) takeover bid failed to secure control of the firm just hours away from the offer deadline.
Larsen & Tourbo (L&T) is likely to sell its entire stake in joint ventures in which it is not a majority shareholder, reports the Business Standard newspaper quoting unnamed sources. The engineering and construction company right now is working out the exit details in two joint ventures, the report said.
The Indian rupee opened at 44.72 per dollar versus 44.67 on Friday.
Money Market Operations as on March 25, 2011
Jyothy Laboratories | IDFC | JSW Energy | ONGC | NMDC | Reliance Infra | Marico | EIH | Reliance Industries | Unitech and Mahindra Satyam are stocks, which are in the news today.
You must have received the graph for the month of April. Refer to it and take decisions accordingly. Avoid bank, Nifty, and Telecom sector, opines Ganesha.
According to a report by Angel Broking, if Nifty trades below 5627 levels for the first half-an-hour of trade then it may correct up to 5588-5521 levels.
The support for the Nifty is at 5500 and resistance at 5724-5757.
Technically the market has come out of a trading range and so we may see some up move in the days to come. We are also now heading into an F&O expiry week and so an up move with volatility is not ruled out.
The coming session is likely to witness a resistance at the 5700 levels on advances above which the 5730 maybe seen. Support is likely at the 5610, below which the 5580 maybe tested.
Yuvraj Singh has plunged an entire cricket-crazy nation into a stifling suspense with his reference to a mystery person he attributes his red hot form to.
State Bank of India, India's top lender, will launch its Rs 20,000 crore (USD 4.5 billion) rights equity issue after the first quarter of the fiscal year beginning in April, its chairman said on Sunday.
Reliance Industries and the DE Shaw group have announced that they have agreed to establish a joint venture to build a leading financial services business in India.
She survived him by a quarter of a century and sought the limelight he shunned, yet in their adopted Swiss village home, it is Elizabeth Taylor's leading man and husband Richard Burton who is best remembered.
