Monday, August 17, 2009

Market report for 17th august 2009.

Asia trading weak; Hang Seng, Nikkei, Straits Times down 2%
Hang Seng tumbles 2%
MTN directors meet today to take stock of $23bn Bharti deal.
Provogue India board OKs share buyback.Provogue India Ltd said on Friday its board approved spending 500 million rupees to buy back 5 million shares at a maximum price of 100 rupees each.
View;- Investors can Buy Provogue for short term gains.
Maruti to drive in Kizashi to give rivals a tough ride.
Edelweiss expects TCS to report Q4 net profit of Rs 12.2bn.View:-Buy TCS above 528 tgt 533.sl 524.Foreigners hold 23% in BSE-500.
Doha deal could boost world GDP $300-700 bn: Study.
Lack of projects forces Wipro to shift staff from city centre-Bhubaneshwar.
Monnet power plant work on schedule.
Two berths of Dhamra port by mid-2010.
Moser Baer uses mobile vans to sell CDs, DVDs.
Gold set to surge on festive buying.
UP declares 58 of 70 districts drought-hit.
Rs 19k-cr highway projects to be awarded soon.
Coal India plans a price hike of 11%.
BHEL Trichy eyes Rs 10,000 cr turnover.
Quippo to take equity route to raise Rs900 cr.


SIngapore Nifty is seen trading at 4,490.5 down by 70.5 points..