Tuesday, July 14, 2009

Market report 14th July 2009

Nikkei rises 2.2% on bank optimism, earnings eyed.
Financials lead big Wall Street rally.
Power ministry wants RIL KG gas set aside for NTPC.
FIIs pull out $1 billion since Budget day.
TN plans country-specific industrial parks.
Power Grid to issue bonds by this fiscal end.
Bajaj Auto to raise stake in Austria's KTM.
McGraw-Hill puts BusinessWeek up for sale.
India Inc finds stem cells a healthy business.
Gold, other metals rise as dollar weakens.
First phase of Fortis medicity to be operational by 2010.
Banks see rates rising 100 bps in second half.
Axis Bank Q1 net jumps 70% as treasury income jumps 5-fold.
BUY AXIS BANK ABOVE 775 FOR A TARGET OF 805 WITH A SL OF 756.

SBI launches pilot project to take banking to villages.
Banks continue to issue 1-yr CDs as rates fall.
GSM firms add 8.89 mn users in June.
Financial irregularities worth Rs 1,548 cr in telecom PSUs: CAG.
Cellphone sales fall 75% in Maharashtra after VAT hike.
US EXIM Bank approves A-I's $2-bn loan guarantee.
Hi-Tech Infra to invest Rs 600cr in Coimbatore SEZ.
BGR Energy bags Rs 1,631cr order.

Singapore Nifty is seen trading at 4,025.0 up by 58.0 points.