Tuesday, May 18, 2010

Market Report for 18th May 2010

Asian stock opens higher
U.S. Senate votes no on IMF aid to troubled nations

US continues anti-dumping duty on Indian shrimp imports
Drugmaker Novartis loses U.S. gender bias trial


China feels pain of weak euro -
The yuan has risen strongly against the euro and this appreciation will harm Chinese exporters, a Commerce Ministry official said on Monday.
China ups US bond holdings
Gold zooms to all-time high
General Motors posts Q1 profit
U.S. credit card delinquencies down again in April
Indian Stocks

Whirlpool Q4 net rises three-fold to touch Rs57 cr
BHEL-ABB lowest bidder for transmission project
Essar inks power purchase pact with GUVNL
L&T Finance, L&T Infotech plan to tap capital market

Godrej prop Q4 profit up 218%, to grow in 4 new cities
GAIL q4 profit surges 45%, declares 55% dividend
TRAI gives Rs 6,440 cr bonanza on lower annual licence fee
Patel Engg sees 30 bln rupees orders in Q1
Pound hits 13-month low vs dollar
Euro tumbles to 4-year low on debt
Rupee hits 2-month low on euro zone debt woes
Maruti appoints Nippo as consultant for test track development
Maruti to announce fresh capacity increase

Essar Energy signs PPA for Salaya II
KSK Energy's 135-Mw Wardha unit goes on stream
J&K Bank registers profit of Rs 512.38 cr
Triveni looking for buyer for retail venture
India's rice output may touch 99 mn tonnes in 2010-11: USDA
Samsung doubles 2010 capex to record $16 bn
SAIL to set up two plants with Posco
FinMin temporarily suspends e-filing of I-T returns
FIIs not very bullish on financial stocks
Tata Power offers to take 4 lakh customers


Oswal Chemicals Q4 net loss at Rs 7.7 cr
Patni brothers to ink stake sale pact this week: Sources
Chambal Fertilisers & Chemicals: Board recommends dividend
Nalco Q4 PAT up 370% at Rs 391 cr
Videocon Ind Q4 PAT up 104% at Rs 149 cr
SEL Manufacturing Q4 net profit at Rs 9.5cr
Founders offer to buy stake in ABB
Hindustan Motors to double TN capacity by 2012
Spice Mobiles Q4 FY10 net profit at Rs 23.3cr
DLF Q4 net doubles, sees more growth

Telcos may have to raise Rs 50,000 cr to fund 3G rollout
NALCO Q4 net more than quadruples
L&T Q4 net up 44% to Rs 1,438 cr
Monsoon reaches Andaman islands - Met office