Monday, June 29, 2009

Market Report 29th June 2009

The 30-share BSE index ended up 419.02 points at 14,764.64, with 27 stocks gaining.
Indian shares rose 2.9% on Friday to its best close almost two weeks as investors took cues from Asian and European peers and scooped up bargains after the market shed more than 7% over the past two weeks.


Tata Motors FY09 cons net loss at Rs 2,505.3 cr.
Co closely associated with national ID proj: Bartronics.
OBC to open 113 branches; eyes Rs 2 lakh-cr biz in FY10.
Govt projects have huge potential for IT industry: MindTree.
Banks expect removal of 10% voting right cap on FIIs.
Bill to extend ESI healthcare facilities in the offing.
Banks want govt to liberalize FDI norms for insurance ind.
Yamaha announces foray into racing kits business.
Govt to notify exports of 6.5 LT wheat products soon.
MMRDA relaxes norms for bidders of iconic building.
Max India Q4 cons loss Rs 24 cr.
Deccan Chronicle FY09 cons net profit at Rs 142.3 cr.
You can soon spend more time on D-Street
Longer trading hours may become the norm for stock market intermediaries sooner than later. The capital markets regulator, Sebi, is learnt
to be thinking of increasing stock exchange trading hours so that market participants in India are better placed to react to developments in global markets. If the proposal is approved, the equity market will be open for trading from 9:00 am to 5:00 pm.
Jaguar, Land Rover to hit Indian roads soon.

IT cos eye govt's Rs 40k-cr tech spend.
IFCI keen to enter banking.
IFCI Q4 net profit at Rs 142 cr.
Matrix earns Rs 29.9 cr profit in FY08.
PPL to invest Rs 400 crore on capacity expansion.
Essar Steel Hypermart opens first outlet in Orissa.
PwC to add commercial space.
Wockhardt sells animal health biz.
Suzlon Q4 net drops by a third, though sales are well up.
Guj seeks NLC's nod to develop 1500 Mw project.
16 govt banks miss NPA target.
Mahindra Satyam cuts costs, exits unviable businesses.
Hotel Leela Venture FY09 cons PAT down at Rs 144.95 cr.
Unitech’s debt to come down to Rs5,000 cr by July, post-QIP.
Gujarat NRE Coke FY09 cons PAT down at Rs 90.76 cr.
Reliance Haryana SEZ IPO deferred.
JSL plans rights issue to raise Rs500 crore.
BSNL and MTNL yet to see traction in 3G.
Expecting demand, tyre makers roll out radials capacity.
Oil extends losses on economic concerns.

Singapore Nifty is trading flat at 4390 up by 6 points at 9.15 AM IST