Tuesday, August 18, 2009

Market Report 18th Aug 2009

Nikkei edges up on short-covering; eyes on China
Exports, stimulus help Japan pull out of slump.
Wall Street dives amid recovery worries.
Infosys among world's 100 fastest growing cos: Fortune.
DreamWorks closes film financing deal with Reliance.
Bharti close to raising MTN funds.Airtel plans to connect global telcos.
FTP on August 27, to focus on job creation.
CDC sees domestic spending drive China, India.
Rupee falls 51 paise to 48.96 against dollar.
HDFC raises Rs 4k cr via debt-equity combo.
Coal India plans subsidiary in Mozambique.
RIL to sell 35% stake in 2 onshore oil blocks in Yemen.
RIL open to CAG audit.
NTPC may move SC on RIL gas row this week.
Cairn JV seeks $6.75 per mBtu for Ravva gas.
Jaguar Land Rover may break even by FY11.
Oil at two-week low of $65/bbl.
Raw jute prices fall 40% on fear of change in packaging order.
Russia lifts ban on Indian seafood imports.

Singapore Nifty is trading at 4,351.0 down by 24.0 points.

Todays Stock Pick >> BUY BHARTI ABOVE 405 FOR A TARGET OF 410..SL 401.