Wednesday, December 16, 2009

Market Report for 16th Dec 2009

Spike in wholesale inflation sends US stocks lower
GLOBAL MARKETS - Dollar rallies, stocks slip

U.S. producer prices jump, factory reports mixed
SBI banks on McKinsey to stem attrition
India urges SEC not to fine Satyam
Three PSU oil cos slip on advance tax payment
HUL agrees to pay more in fees to Unilever
Kotak ties up with Russia's top i-bank
DLF Pramerica Life eyes 3-fold rise in business
Govt probing some Anil Ambani firms: Pranab
Magma Fincorp picks up 7 per cent in Experian India
Hospira to buy some Orchid biz for $400 mn
SC slams DoT for advancing cut off date
India has crude oil reserve for 74 days
Private firms help Q3 tax kitty swell 24%
Shree Renuka offers Rs 175-180/sh for Balrampur: Sources
TCS sole candidate in UK personal accounts tender


Singapore Nifty is trading at 5,021.50 up by 0.50 points.

View:-BUY BHARTI ABV 322 TGT 327 SL 319
BUY TCS ABV 707 TGT 712 SL 703
BUY JINDAL STEEL ABV 728 TGT 738 SL 720