PROFIT BOOKING CAUSED WILD SPREAD SELLING
Market opened with a firm note and tested a high of 4525, but profit booking caused wild spread selling.
US markets opened higher, but gains were capped, even as America’s Federal Reserve chairman Ben Bernanke said the outlook for the world’s largest economy appears to be improving.
Apple smashes profit forecasts, iPhone shines.
Bond yields fall, rupee weakens to 48.42 vs $.
Tata Steel to raise $500 mn via securities issue in international market.
To use GDR proceeds for capex plans: Tata Steel.
Tata Power eyes $250 m via GDRs.
Bharti Q1 net seen up a fifth, MTN talks key. MTN and Bharti are in talks over a deal that could lead to a full merger, creating a leading global wireless group with more than 200 million subscribers and combined revenue of $20 billion.
Disinvestment process to start with listed cos: Finance Ministry.
Yes Bank Apr-June net up 84.19 pct, beats f'cast.
UltraTech Cement Q1 net profit up at Rs 417 cr.
Garware Offshore Q1 cons net profit at Rs 15.4 cr.
DCM Shriram Q1 net profit at Rs 21.2 cr.
Rel Cap may sell stake in insurance arm, float IPO.
Essar Oil ties up $920 mn to fund refinery expansion.
OBC clocks 17% net growth.
Infy bags e-biz govt contract >> Outlook Buy Infosys abpve 1968 for a Target of 1988 SL 1950.
Sebi abolishes no-delivery period.
FIIs increase stake in top cement makers.
Radico Khaitan net up 56% to Rs 11 cr in Q1
Thermax Q1 net slips 26% to Rs 47 crore.
Pfizer ups stake in Indian arm to 71%.
RIL borrows Rs 500 cr for working capital.
Shriram Transport to raise Rs 1,000 cr via NCDs.
Dr Reddy's net zooms 120%
Singapore Nifty is trading at 4,496.0 up by 25.0 points at 7.45 AM IST.
