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Tata Steel has completed sale of Teesside unit to Sahaviriya Steel, reports CNBC-TV18. It touched an intraday high of Rs 616.90 and an intraday low of Rs 610.10. At 10:40 hrs the share was quoting at Rs 611.25, up Rs 1.50, or 0.25%.
Banking and telecom sectors will be getting astrological support, says Satish Gupta of astrostocktips.
Greenply Industries has allotted around 20.40 lakh equity shares of Rs 5 each at a premium of Rs 137 per share to the eligible detachable warrant holders, who have been holding the securities since October 16, 2009.
Aditya Birla Money is bearish on Lupin and has recommended sell rating on the stock with a target of Rs 380 in its March 25, 2011 research report.
LIC Housing Finance touched an intraday high of Rs 204.80 and an intraday low of Rs 198. At 10:03 hrs the share was quoting at Rs 204.70, up Rs 7, or 3.54%.
Hedge Equities is bullish on Exide Industries and has recommended buy rating on the stock with a target of Rs 160 in its March 22, 2011 research report.
IIFL is bullish on ITC and has recommended buy rating on the stock with a target of Rs 178 in its March 25, 2011 research report.
IIFL is bullish on Patni Computer Systems and has recommended buy rating on the stock with a target of Rs 483 in its March 25, 2011 research report.
Mirae Asset Management foresses another round of derating soon but expects valuations to become a lot more attractive. Once the ECB begins hiking rates, overall sentiment on emerging markets will become positive once again. At the moment "investors taking wait & watch approach for India."
On March 24, 2011 INDIA MAX INVESTMENT FUND LIMITED bought 248,256 shares of Shetron at Rs 19.36 on the BSE. However, KEYNOTE CAPITALS LIMITED sold 220,000 shares at Rs 19.35. Yesterday the share closed at Rs 19.35.
On March 24, 2011 MADHUKAR CHIMANLAL SHETH sold 295,419 shares of at Rs 119.40 on the BSE. NIPPON INVESTMENT AND FINANCE COMPANY PRIVATE LIMITED bought 300,000 shares at Rs 119.41. Yesterday the share closed at Rs 119.25.
Inderpreet S Wadhwa, CEO, Azure Power, enjoys Spanish food in the US capital.
Simbhaoli Sugars board has approved hiving off Potable Alcohol, power business to arms, reports CNBC-TV18. It touched an intraday high of Rs 44.65 and an intraday low of Rs 43.85. At 09:31 hrs the share was quoting at Rs 44.45, up Rs 1.60, or 3.73%.
On March 24, 2011 KEMFIN SERVICES PVT LTD sold 535,000 shares of Splash Media at Rs 35.15 on the BSE. Yesterday the share closed at Rs 35.05.
Usha Martin is going to raise USD 125 million via ECB route to finance expansion plans, reports The Financial Express. It touched an intraday high of Rs 62 and an intraday low of Rs 58.30. At 09:28 hrs the share was quoting at Rs 60.50, up Rs 3.70, or 6.51%.
On March 24, 2011 PRECIOUS EMERGING MARKET INDIA PRIVATE LIMITED sold 150,000 shares of Ravi Kumar Dist at Rs 39.90 on the NSE and sold 150,000 shares at Rs 39.91 on the BSE. Yesterday the share closed at Rs 39.30.
Tata Consultancy Services (TCS) has bagged order from Shanghai Rural Commercial Bank to implement Core Banking solution, reports The Financial Express. It touched an intraday high of Rs 1,116.85 and an intraday low of Rs 1,103.75. At 09:21 hrs the share was quoting at Rs 1,108, up Rs 14.60, or 1.34%.
Hindustan Zinc has increased zinc price by Rs 1200 a tonne to Rs 120800 and lead prices by Rs 4400 to Rs 139600, reports DNA Money. It touched an intraday high of Rs 137.20 and an intraday low of Rs 134.35. At 09:19 hrs the share was quoting at Rs 136.20, up Rs 3.05, or 2.29% on the NSE.
Indian equity benchmarks rallied smartly in opening trade, with the Nifty inching up gradually towards the 5600 level, supported by strong global cues. Infrastructure, banking, oil & gas, technology, realty and metal companies' shares were pushing up the markets.
Karvy Stock Broking expects the rupee to appreciate further on the back of strong inflows into equity and debt markets, according to its morning report.
The Indian rupee opened at 44.66 per dollar versus 44.75 yesterday.
Money Market Operations as on March 24, 2011
Crude prices saw some profit booking- Nymex prices slipped below USD 105 per barrel. The west Asian situation fueled volatile trade in oil, which fell from the session highs of USD 106 per barrel, while Brent retraced from previous lows to trade at around USD 115 per barrel.
According to a report by Angel Broking, if Nifty trades above 5516 during the first half-an-hour of trade then we may witness a further rally up to 5536-5549 levels.
Simbhaoli Sugars | Natco | Reliance Power | TCS | Hindustan Zinc | Nirma | Wipro | Henkel India | Usha Martin | JSW Steel and Apollo Hospitals are stocks, which are in the news today.
