Friday, October 23, 2009

Market report 23rd oct 2009

Wall St rises on strong earnings; financials lead
Murthy trims Infy stake to start VC fund
Asian markets open in green
US markets end +ve; Mahindra Satyam ADR plunges 8%

Allahabad Bank profit up eight-fold to Rs 333 cr
FIIs net sell Rs 1,125 cr in Nifty futures
Galleon halves stake in Shriram EPC
Gold on a roll, hits another record
Axis Bank plans first dollar bonds since 2007
Rupee slips 26 paise
Inflation rises above 1%, at 20-week high
PSU banks told to lend more for infra thrust
TMB eyes Rs 20,000 cr business
RBI raps banks for charging more from retail clients
Nacil to cut incentives bill 70%
Aditya Birla inks pact for Rs 1,500-cr Orissa port
Petronet to buy 10% in Dahej project
Videocon offers access to DTH via DVD player

Singapore Nifty is tarding at 5,049.0 up by 47.0 points

VIew:- BUY AXIS BANK AT 981
BUY STERLITE AT 834