Thursday, July 16, 2009

Market Report 16th July 2009

Nifty ends above 200 DMA of 4230; broader mkts outperform.
Tata Steel JV to start coal production in Mozambique in 2011.
Xerox India eyes 30 per cent market share in PPP copier.
Adani Power IPO likely to be priced at Rs 100-110/share.
Daiichi postpones open offer to buy Zenotech.
IL&FS Investment Q1 cons net profit up at Rs 17.7 cr.
Sterlite to dilute 10% equity via Sterlite Energy IPO.
Essar Steel to set up its fifth service centre at Bhuj.
Raj Oil Mills IPO to open on July 20, price band Rs 100 -120.
Indian Oil Corp invites bid for Rs 15 bn of bonds.
Phase I of ONGC’s Brazil project starts.
Indiabulls Power planning Rs 1500cr IPO: Sources.
Gas index in the pipeline.
L&T Q1 PAT seen up 16% at Rs 561.33 cr.
BUY L&T STRICTLY ABV 1464 FOR A TARGET OF 1490 SL.1447.

Govt initiates talks with DoT for BSNL stake sale.
3i Infotech buys out stake in China JV.
SIB posts 56% rise in net profit.
siNGAPORE NIFTY is trading at 4,297.5 up by 57.5 points.