Friday, July 17, 2009

Market Report 17th July 2009

Asian markets open firm
Dow zoomes 95pts; Sterlite ADR plunges 14%
Monsoon rain too late for sugarcane, rice.
Rising bond spreads may overwhelm stock market rally.
Yellow metal shines, touches 52-week high.
Novartis India Q2 net profit at Rs 31.76 cr.
JPMorgan Chase Q2 net profit up 36% at $2.7 bn.
British Telecom to move back 4k jobs.
Polaris setting up centres in Egypt, Chille, Vietnam.
Exide Ind Q1 net profit up at Rs 122.4 cr.
Stake sale in NMDC, KIOCL, MOIL on anvil.
Vedanta to enter steel business with partner.
Mukesh's pipeline firm to seek tax break restoration.
Changi buys 26% in India's first airport city project.
First Nano to hit the roads today.
Inflation still negative despite fuel rise; food shows mixed trend.
Sterlite mops up $1.5 bn via ADRs for power push.
ITeS biz up 70% YoY, to bid for UID project: CMC.
Oil India IPO likely on Sept 7.
Only two bids for NTC's mill land in central Mumbai.
RINL eyes Neelachal Ispat.
Nuclear project in Guj to draw Rs 80K crore investment.
Insurers likely to invest Rs 1.75 lakh cr in equities.
Bajaj net zooms 67% to Rs 293 cr in first quarter.
Maruti plans to roll into carbon credit trade.
BUY MARUTI ABOVE 1181 FOR A TARGET OF 1211 WITH A SL OF 1161.

Anil Agarwal ready to buy out govt in HZL, Balco.

SIngapore Nifty is trading at 4,262.0 up by +32.0 points.