Thursday, August 6, 2009

Market Report 6th August 2009

Nifty is Finding it difficult to stay above the psychological 4700 levels.Markets are in a Over-Bought Situation.
Investors>> stay cautious.
FIIs net sellers Rs 224cr in F&O on Wednesday.
US markets drop on weak data.
Asian markets in red; Shanghai Composite tumbles 3%.
S&P downgrades Tata Motors on concerns over JLR.
Lloyds makes H1 loss as bad debts hit 13 bn.
Subros guides Rs 1,000 cr revenues in FY10.
L&T seeks regulatory nod to sell Satyam stake.
Lodha Dev to raise Rs 2000cr via IPO in Oct-Nov: Sources.
Reliance Media World to be listed on BSE, NSE.
Aggressive lending rates, high-cost deposits bleed SBI’s retail business.
RIL to acquire majority stake in Andhra gas distribution company.
Govt clears deck for NMDC stake sale.
Rel Infra wins Rs 11,000cr Mumbai Metro-II proj.
BHEL bags Rs 2,600 cr order for Orissa power plant.
Jet gets September deadline for Mumbai property.
Mini ratna RINL to get coveted Navaratna status soon.
Dr Reddy’s Lab launches ‘Finrid’ in India.
Five more power plants seek gas from RIL’s KG-D6 fields.
Infosys pursuing deals worth $1 bn this quarter.
Tatas look to buy out AIG in life insurance JV.
Canara Bank cuts auto loan rates.
BSE to acquire 15% stake in United Stock Exchange.
June sees highest power deficit in five years
Wipro may soon bag big-ticket outsourcing deals.

Singapore Nifty is trading at 4668 down by 28 points..