Thursday, July 23, 2009

Market Report 23rd July 2009

Nifty closes below 4400 on high volumes; heavyweights drag.
Govt to take call on stimulus measures after G20 meet.
Centre looks to contribute $4 b more to IMF’s NAB programme.
Bond yields dip, Re falls to 48.51.
Nikkei holds steady after 6-day rise, high-techs gain.
The benchmark indices closed sharply lower and continued their downtrend for the second consecutive day. The markets crossed the total turnover of Rs 1 lakh crore as institutions were the sellers in yesterday's trade.
Etisalat-RCOM sign Rs 10,000 crore tower sharing deal.
Bhel profit rises 23% in Q1 to Rs 471 cr. Total income of the public sector major rose to Rs5,898.51 crore in the latest quarter of the current fiscal against Rs4,620.98 crore in the same period last year.
Dr Reddy's targets $3 billion in 3 yrs.
Tech Mahindra Q1 net profit falls 46 pct.
HDFC Q1 net up 20.7 pct, meets f'cast.
RBI allows cash withdrawals of up to Rs 1,000 a day at stores.
Indian Bank Q1 PAT seen up 35% to Rs 293 cr.
Tata Communications capex plan under funds strain.
Tata Power raises $335 mn through GDRs.
Cochin port invites bids for liquid terminal.
Tech Mahindra Q1 MTM losses at USD 5.76 mn.
Power issue likely to make Gautam Adani richer by $2.3 bn.
Shanthi Gears resumes operations.
Piramal Health Q1 net up 25%
Visa Steel net dips to Rs 10 crore.
Cost rationalisation lifts Mastek net 6% to Rs 35 crore.
Canara Bank Q1 net zooms 353%.
Binani Cement net doubles to Rs 107 cr.
Heard on the Street- Bajaj Allianz Financial may wind up ops.
Intex eyes Rs 250 cr from mobile business.

Singapore Nifty is trading at 4,458.5 up by 45.5 points at 8.50 AM IST.


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