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Indian equity benchmarks rebounded today but there was a bit of volatility at 10:06 hours. The Nifty holds the 5300-mark led by financial, infrastructure, oil & gas and healthcare companies' shares.
Railway stocks continued their down move ahead of Rail Budget, which will be announced today. The stocks are down in 1-4% range, a litttle better than yesterday (down in 3-6% range).
Tata Motors was the top gainer on the Sensex. It touched an intraday high of Rs 1,104 and an intraday low of Rs 1,078. At 09:39 hrs the share was quoting at Rs 1,085.00, up Rs 26.75, or 2.53%.
On February 24, 2011 HDFC TRUSTEE COMPANY LTD A/C HDFC TAX SAVER FUND sold 2,820,000 shares of Apollo Tyres at Rs 53.45 on the NSE. Yesterday the share closed at Rs 53.3.
Telecom and oil & gas sectors will be getting astrological support, says Satish Gupta of astrostocktips.
On February 24, 2011 LEGG MASON SOUTHEAST ASIA SPECIAL SITUATIONS TRUST sold 5,825,000 shares of Alok Industries at Rs 21.29 on the NSE. Yesterday the share closed at Rs 20.30.
It’s not a tablet, but if your main interest in buying a tablet is to read, you’d be foolish to ignore the Amazon Kindle.
Ravi Venkatesan, outgoing chairman of Microsoft India, tells Forbes India that his biggest regret is that he will not be a part of the big wave that will hit India in the next 18 months.
Kotak Mahindra Bank has hiked base rate by 50 bps to 8.75%, reports CNBC-TV18. It touched an intraday high of Rs 404 and an intraday low of Rs 399.35. At 09:28 hrs the share was quoting at Rs 401.80, up Rs 2.25, or 0.56%.
On February 24, 2011 IDFC SMALL AND MIDCAP EQUITY SME FUND bought 1,200,000 shares of Hexaware Tech at Rs 54.33 on the NSE. SG OPTION EUROPE sold 800,000 shares at Rs 54.07 on the NSE. Yesterday the share closed at Rs 54.25
Hero Honda Motors is going to raise USD 749 million via short-term debt issue, quoting Sources, reports CNBC-TV18. It touched an intraday high of Rs 1,509 and an intraday low of Rs 1,477.50. At 09:22 hrs the share was quoting at Rs 1,479.20, down Rs 11.25, or 0.75%.
Mphasis December quarter consolidated net profit was down 15% at Rs 227 crore versus Rs 268 crore, reports CNBC-TV18. It touched a 52-week low of Rs 456.95. At 09:17 hrs the share was quoting at Rs 469.95, down Rs 154.80, or 24.78% on the NSE.
The benchmark Nifty bounced back sharply on Friday morning after sharp cut in last few sessions due to rise in crude oil prices, but immediately shaved off some gains from early day's high. It was hovering around the 5300-mark.
Today as per financial astrology, as per stars weakness in silver expected any time in spot as well as future trading.
Money Market Operations as on February 24, 2011
The rupee is expected to rise on Friday from more than one-week lows in the previous session, following the dollar's broad fall overseas.
Crude ended well off intraday highs yesterday. There were reports that Saudi Arabia is in talks with European refiners to fill Libya gap.
The coming session is likely to witness a resistance at 5325 on advances. Support is likely at the 5150. The wide range is due to the high base effect of Thursdays intraday range.
According to a report by Angel Broking, if Nifty trades above 5310 during the first half-an-hour of trade then we may witness a further rally up to 5377-5490 levels.
Spanco | Syndicate Bank | Karur Vysya Bank | Reliance Power | Tata Steel | Gammon India | Uttam Galva | Abbott India | Power Trading Corp and Hero Honda are stocks, which are in the news today.
This year's Railway Budget could be high on populism and low on reforms as Mamata Banerjee's interests is in Writers' Building in Kolkata.
Moody's Investors' Service downgraded Cyprus's sovereign bond ratings two notches to A2 on Thursday, citing concerns at structural problems in the island's economy and its banks' exposure to debt-ridden Greece.
World number four Graeme McDowell ensured he will move past Tiger Woods in next week's rankings with a 4&2 victory over Britain's Ross Fisher at the WGC-Accenture Match Play Championship on Thursday.
9.15 to 9.55: Nifty may hover around the surface. 9.55 to 10.30: Nifty may remain up.
AIA, Asia's No 3 insurer, beat forecasts with a 54% jump in 2010 net profit, but a slowdown in regional equity markets may cloud the outlook for future earnings growth.
