Tuesday, April 20, 2010

Market Report for 21st April 2010

Asia trading higher; Hang Seng, Nikkei gainEssar Shipping to invest Rs500 cr in Paradip port
Deora urges PM for panel to free fuel prices
Axis Bank profit up 32% to Rs 765 cr
Suzlon to supply 44 turbines for wind project in Turkey
Jindal Saw net profit up 86%
Ranbaxy fortifies warrants of Daiichi Sankyo worth Rs 175 cr
Novartis Q1 net up 49% to $2.95 bn
Strides Arcolab redeems $34m FCCB due in 2010
Lupin unit gets US FDA nod for Imipramine capsules
Manali Petro Q4 net profit up at Rs 7.7 cr
Dena Bank seeks govt Rs 1,300 cr for capital requirement
CIL to ink global pacts for Rs 4,000-cr washeries project
Hanung Toys bags $ 90mn export order; stock up


Market View:-
Markets to open positive on account of positive global cues.

View:- Buy RELCAP ABV 740 FOR A TGT OF 755.
BUY DLF ABV 334 FOR A TGT OF 342.