Thursday, October 1, 2009

Market Report 1st Oct 2009

Asia trading lower; Nikkei, Seoul Composite down
Wall St ends lower on mixed economic data; Dow down 30 pts
Sensex retakes 'Mount 17K' on liquidity support
Bharti Airtel-MTN deal called off
External debt goes up marginally to $228 bn
MUL plans India’s first petrol-CNG dual fuel engine
ONGC-Hinduja JV loses Iran's oilfield to China co
Commodity exchanges get 6 more months to divest foreign stakes
Hathway Cable plans to sell 19.4% stake in IPO
Tata Tele-BSNL sign 15-yr infra sharing deal
German court sells Reliance's bankrupt unit
Taro files new lawsuit against Sun Pharma
Dr Reddy's recalls 4 products from US
ICICI Bank sells 4.41 pc stake in 3i Infotech for Rs 46 cr
UB planning to raise USD 300-350 mn to reduce debt burden
Shipping Corp to raise nearly $300 mn to buy vessels

NTPC to re-tender Rs600 crore contract for wind power plant
DoT to send notice to Loop on Essar control
Duncans in talks with three potential buyers for urea plant

Singapore Nifty is trading at 5,049.0 down by 24.0 points.


Today's View :- Markets will open negative tracking the global indices.

Stocks to watch

Bharti >>> stay away from Bharti.

Tisco >>> Sell below 502

HDIL >>> Sell below 317

SesaGoa >>> Sell below 263

Educomp >>> Sell below 4638

Suzlon >>> Sell below 90.5

Maruti >>> Buy above 1639


Below 5037 Nifty could test 5000.Stay cautious ahead of the long weekend.


For Tgts and SL stay online on yahoo messenger.

Our id is profitwithphoenix1@yahoo.com