Friday, May 29, 2009

Market Report may 29th 2009

Nifty tests 4350; capital goods, banks, metals gain.
At 14:54 hours IST - the benchmark indices maintained positive upmove on the back of good earnings from L&T, SAIL and M&M and shrugged off negative European cues. The Nifty tested the 4350 level while the Sensex was above the 14300 level, despite selling pressure at higher levels.
Market cues: FIIs net buy $91.7 mn.
Rupee recovers from early fall as markets gain.
Bonds drop on concerns over rising supply.
Govt sells Rs 15,000 cr of bonds, as planned: RBI.
Gold remains subdued on weak global cues.
Oil holds above $63 as Opec discusses output.
Aditya Birla group company to set up 10 mt captive port at Chudamani.
BOC to invest Rs 1000cr in 3 years.
NTPC-Simhadri Unit III to be ready by Nov 2010.
GNET India to introduce low cost cell phones.
Bajaj Auto eyes 40% share of eastern market.
L&T net rises 3.3 per cent.
Tata Power net rises 58%.
Bharti Wal-Mart's first store to open on Saturday.
M&M net surges 89 per cent.
Tata Motors launches new class of trucks.
Sebi plans trading via wireless devices.
Overloaded LIC enlists agents for collections.
India's credit rating under pressure: Moody's.
Religare enters Home Loan Business.
FDA is reviewing Ranbaxy’s corrective plan on US drugs.
Tech Mahindra to start satyam layoff.
SIngapore Nifty is trading at 4365.up by 33 points at 9.20 AM IST.