Friday, April 16, 2010

Market Report for 17th April 2010

Sensex tanks 180 pts on rate hike fears; RIL, ICICI lead fall
Inflation at 17-month high of 9.9% in March
FIIs net buy Rs 100cr, DIIs net sell Rs 77cr
US markets edge higher
Asia trading weak; Hang Seng, Nikkei down

PEs approach RBI to reduce post IPO lock-in period
GMR Infrastructure begins QIP to raise up to USD 250 mn
HDFC lowers first yr home loan rate to 8.25%
RBI seen hiking rates, cash reserve ratio
ONGC overseas arm aims for lower prod in FY11
Examining pros and cons of a possible listing: GE India
Govt to build first oil reserve facility by Oct 2011
Gujarat Pipavav’s Rs500cr IPO may hit market in one month
HP bags IT contract from Aircel
Tata Motors global sales grow 39% in March
Ranbaxy recalls antibiotic drug from US market