Friday, June 5, 2009

Market Report- 5th June 2009

The Nifty is range bound between 4450 and 4600, on the upside if nifty crosses 4600-4650 resistance we may see the target of 4900.
US initial jobless claims slip by 4,000 to 6,21,000.
10-year yield seen between 6.25-6.75%: Kotak Mahindra Bk.
Rupee to find support at Rs 46.90/$: Axis Bank.
Rupee seen up on dollar weakness, stocks key.
New govt to focus on coal reforms.
FIIs net sell $67.5 mn.
Asian markets in green; Nikkei adds 57pts.
Nikkei edges up, but nerves about data cap gains.
Oil rises above $69, buoyed by US jobs data.
Tata hopes to sell Nano in U.S.
Financial, energy stocks pull US market higher.
Multiplex operators may sign pact with producers.
Mumbai world’s sixth most expensive office market.
Nalco aluminium park at Angul under cloud.
Orbit to raise Rs 500 cr through share sale.
No stock options, bonus for ICICI top management in FY09.
Satyam board may meet on June 11.
MCX-SX divests 6.48 %, plans to sell another 11.52%.
Kinetic Engg hits circuit on European order.
Ketan Parekh still active, says Sebi.
ICICI Bank cuts lending rates, SBI says scope for 25 bps reduction.
Nitin Fire Protection surges on fund plans.
PE activity increases after stable government pushes up markets.
Suzlon faces rough weather over Pune wind park.
Kakinada food processing SEZ commissioned.
Govt seeks details of Bharti-MTN deal.
Anu's Labs to raise Rs 250cr.
SIngapore nifty is trading at 4605 up by 20 points at 9.30 AM IST.