Tuesday, June 23, 2009

Market Report 23rd June 2009.

GLOBAL MARKETS - Asia stocks fall, yen rises on econ doubts.
Energy stocks pull down Sensex by 196 pts.
Market correction in India is over, says Jhunjhunwala.
Ford, Nissan, Tesla to get govt loans: report.
Cautious but few willing to go short before Budget says analysis.
Thomson Reuters to quit London exchange.
Maruti to relaunch SUV Grand Vitara.
Maruti to launch CNG cars by '10.
India pays penalty for not using loans from agencies.
Economy forecasts glum, but Germany, Japan buck trend.
U.S. expected to launch WTO case against China.
See EBIDTA of 11-12% in FY10: Man Industries.
Budget to spell out road map for gradual phaseout of STT.
At 8%, India to grow fastest in '10: World Bank.
IT/ITeS industry to grow at CAGR of 13.9% in 5 years.
Bonds trade in a range; Re slips to 48.62 vs $.
Swiss govt agrees to share data on tax evasion.
Net inflows in gold ETFs after 3 months.
McNally up 5% on new supply order.
Maytas Infra may sell stake in leading projects.
PowerGrid issue to raise Rs3,000 crore.
Air India to cut staff costs by up to 16% a year.
Rolta to buy back bonds worth $150 million.
GMR Infra allots 13 mn shares to IDFC.
Indian foods business poised for leap.
Pyramid Saimira MD held, released in Indiabulls loan case.
Hotel Leela to exit from offshore casino in Goa.
Airtel, RCom eyeing Zain's African biz: Report.
United Bank plans to raise Rs 400 cr in IPO.
Union Bank lowers BPLR by 25 bps.
Sugar output may fall on delayed rains.
Indian ADRs- In the telecom space, MTNL was down 13.67% at $3.60 but Tata Comm was up 1.21% at $19.22. In the It space, Infosys was up 2.52% at $36.15, Satyam was up 1.39% at $3.65, Patni was up 2.86% at $10.42, while Wipro was down 1.05% at $11.35.
In the Banking lot, ICICI Bank gained 3.15% at $29.83 and HDFC Bank was up 1.67% at $104.41.
In the other space, Dr Reddys was up 0.59% at $15.30, Sterlite gained 0.33% at $12.30and Tata Motors rose 1.68% at $9.70.
Singapore Nifty is trading at 4,150.5 down by 75.5 points at 9.20 AM IST.