Friday, July 10, 2009

Market Report 10th July 2009

Mkts end flat; metals, pharma, telecom up, cap goods dip.
Asian markets open -ve; Hang Seng sheds 100pts.
France backs India’s bid for permanent UNSC seat.
AIG to pay more executive bonuses July 15 - source.
Wal-Mart world’s biggest employer in 2008: Fortune
Ranbaxy recalls drugs for skin disease from US market.
Tata Docomo launches GSM service in K'taka earmarks $150 mn.
Tech Mahindra to hold 50.42% in Satyam post pref allotment.
Mahindra Satyam signs 5 year SAP contract with GSK.
Wockhardt gets lenders’ nod for debt recast plan.
Inflation dips to -1.55% but food prices soar.
Steel ministry considers restricting iron ore exports to China.
Marine exports shoot up 13% despite slump.
Bonds fall, Re up marginally to 48.72.
Infosys looks to outbid rivals for UBS unit buy.
Wadia looks to sell stake in GoAir.
Machino Polymers setting up plants in Chennai, Pune.
BEML net up 45 per cent in Q4.
Ignite Mudra to create 20 brands in 2 years.
SIngapore Nifty is trading at 4,109.0 up by +34.0 points.
View:- BUY NIFTY ABOVE 4118 FOR A TARGET OF 4152 SL 4096.