Sensex dips 257 pts on profit-booking
The 30-share index ended 257.31 points, or 1.7% lower, at 14,265.53, while the 50-share index Nifty closed 104.75 points, or 2.4% lower, at 4,251.40. Indices, which have fallen about 8% over the past one week, rose mid-way through the session on news of a decline in inflation, but investors cashed out on the upsides.
Asian markets open flat; Hang Seng up 68pts.
Dow gains 58pts; MTNL ADR tumbles 7%.
FIIs net sellers Rs 312cr in F&O on Thursday.
Coromandel Fert targets Rs 240cr rev from water soluble biz.
Tata's JLR to storm into small towns.
IRB bags first BOT project in Goa.
Entry load on MF investment to go.
Gujarat State Fertilizers Q4 net profit up at Rs 98.4 cr.
Hotline between PMs of India, China likely soon .
Higher buyback prices lift bonds.
Pfizer may revise open offer price as stock gains 33%.
VST Tillers drive up on bonus issue buzz.
Paddy plantation in UP delayed.
Copper falls for fifth day in London as dollar rebounds.
Finmin likely to withdraw CTT.
Govt raises onion MEP as local prices firm up.
Obama still concerned about oil speculation - W.House.
Cochin port to build Rs 32cr terminal for Lakshadweep.
Reliance Infrastructure looking at domestic banks to push projects.
UBS puts BPO, KPO units on the block.
Natural rubber in bear hug.
UTV Media to invest Rs 150 cr more in gaming.
'Retail in India may lose Rs 400 cr FDI this fiscal'.
Maytas Infra may lose metro rail project contract.
Tata Elxsi gains leeway with global OEMs.
Jaiprakash raises Rs 500 cr through treasury share sale.
Opto Circuits FY09 cons net profit up at Rs 209.4 cr.
No communication from govt on stake sale: Neyveli Lignite.
Dish TV adds 2.06 mn subscribers in FY09.
Dish TV Q4 net loss at Rs 78.7 cr.
Ramki Sundaram resigns from Kingfisher Airlines.
Infy files 'shelf registration' with US regulators.
TCS expands presence in Mexico; to hire 500 people.
BSNL targets 1.5 lakh more broadband connections.
Singapore Nifty is trading at 4295. up by 13 points at 9.20 AM IST.
Friday, June 19, 2009
Thursday, June 18, 2009
Market Report 18th June 2009
Mkts crack in second-half of trade, close near day's low ,falls 435 pts .
FIIs dump depository receipts on concerns of overvaluation.
US markets end flat; Indian ADRs tumble.
Major US banks pay back emergency government loans.
JPMorgan Chase repays US 25 billion dollars.
US firm files patent infringement case against Ranbaxy.
Asian markets open mixed; Nikkei slips 2%.
Crude oil likely to get duty recall.
SBI emerges top tax payer, pips ONGC.
Dollar replacement complex issue: PM.
Rupee seen rising from 1-mth lows, stocks key.
Govt directs RIL to hike K-G gas supply to nine power companies.
LN Mittal backed Bathinda refinery IPO In pipeline.
All's not lost for RIL on K-G basin gas.
Sale of natural gas from the Krishna-Godavari (K-G) basin reserves at $2.34 per million British thermal unit (mBtu) would still allow RIL to make a profit margin of over 60 per cent. While RIL has pegged the cost of production of gas at $0.8945 (Rs 42) per mBtu, the company would be selling the gas to Reliance Natural Resources Ltd (RNRL) at a profit of $1.44 (Rs 68).
Govt may sell 10% in CIL.
STPI-Berhampur fails to attract IT majors.
Fiat India may enter 600cc car segment.
Tata Comm may sell stake in internet arm.
Fare hike inevitable if crude continues to boil: Air India.
Godrej Consumer to renew focus on hair colours for growth.
Infosys bags $10 mn Microsoft deal.
Mahindra Holidays to list on mkts in June.
Cement players against excise restoration.
Pepper exports dip 28% on low demand from US.
Finmin against IDBI Bank variable pay move.
Singapore Nifty is seen Trading flat at 4340.
FIIs dump depository receipts on concerns of overvaluation.
US markets end flat; Indian ADRs tumble.
Major US banks pay back emergency government loans.
JPMorgan Chase repays US 25 billion dollars.
US firm files patent infringement case against Ranbaxy.
Asian markets open mixed; Nikkei slips 2%.
Crude oil likely to get duty recall.
SBI emerges top tax payer, pips ONGC.
Dollar replacement complex issue: PM.
Rupee seen rising from 1-mth lows, stocks key.
Govt directs RIL to hike K-G gas supply to nine power companies.
LN Mittal backed Bathinda refinery IPO In pipeline.
All's not lost for RIL on K-G basin gas.
Sale of natural gas from the Krishna-Godavari (K-G) basin reserves at $2.34 per million British thermal unit (mBtu) would still allow RIL to make a profit margin of over 60 per cent. While RIL has pegged the cost of production of gas at $0.8945 (Rs 42) per mBtu, the company would be selling the gas to Reliance Natural Resources Ltd (RNRL) at a profit of $1.44 (Rs 68).
Govt may sell 10% in CIL.
STPI-Berhampur fails to attract IT majors.
Fiat India may enter 600cc car segment.
Tata Comm may sell stake in internet arm.
Fare hike inevitable if crude continues to boil: Air India.
Godrej Consumer to renew focus on hair colours for growth.
Infosys bags $10 mn Microsoft deal.
Mahindra Holidays to list on mkts in June.
Cement players against excise restoration.
Pepper exports dip 28% on low demand from US.
Finmin against IDBI Bank variable pay move.
Singapore Nifty is seen Trading flat at 4340.
Tuesday, June 9, 2009
Market Report- 9th June 2009
Sensex slips the most in over 2 months
Heavy profit-booking by domestic institutional investors (DIIs) led to a sharp fall in the Bombay Stock Exchange’s (BSE’s) Sensitive Index, or Sensex, On Monday.
Wall St ends flat; Indian ADRs mostly down.
US Financial stocks gain nearly 1%.
Asian shares falter on worries rally overdone.
F&O cues: Futures Open Int down by Rs 1630 cr.
D-Street may be cleared of STT snarl.
RBI aims for transparency, may not allow sub-PLR loans.
Moody’s downgrades Tata Steel.
PSB may cut interest rates further to boost credit demand.
RCom bags Rs 125-cr order.
RCom, Alcatel-Lucent close to Rs 3,000-crore outsourcing deal
Rupee falls 1% to 47.56, bonds under pressure.
Huawei may bid for majority stake in ITI.
Rajasthan insists on VAT levy on Cairn's Barmer crude..
June to see a slew of new car launches.
Gujarat to get world's largest solar power project.
IATA puts Delhi, Mumbai airports on 'wall of shame'.
Pantaloon to raise Rs 1,000 crore from PEs.
May auto sales grow, but not evenly.
Maruti's US revenue zooms past Suzuki's.
SIngapore Nifty is trading at 4386 down by 34 points at 9.30 AM IST
Heavy profit-booking by domestic institutional investors (DIIs) led to a sharp fall in the Bombay Stock Exchange’s (BSE’s) Sensitive Index, or Sensex, On Monday.
Wall St ends flat; Indian ADRs mostly down.
US Financial stocks gain nearly 1%.
Asian shares falter on worries rally overdone.
F&O cues: Futures Open Int down by Rs 1630 cr.
D-Street may be cleared of STT snarl.
RBI aims for transparency, may not allow sub-PLR loans.
Moody’s downgrades Tata Steel.
PSB may cut interest rates further to boost credit demand.
RCom bags Rs 125-cr order.
RCom, Alcatel-Lucent close to Rs 3,000-crore outsourcing deal
Rupee falls 1% to 47.56, bonds under pressure.
Huawei may bid for majority stake in ITI.
Rajasthan insists on VAT levy on Cairn's Barmer crude..
June to see a slew of new car launches.
Gujarat to get world's largest solar power project.
IATA puts Delhi, Mumbai airports on 'wall of shame'.
Pantaloon to raise Rs 1,000 crore from PEs.
May auto sales grow, but not evenly.
Maruti's US revenue zooms past Suzuki's.
SIngapore Nifty is trading at 4386 down by 34 points at 9.30 AM IST
Friday, June 5, 2009
Market Report- 5th June 2009
The Nifty is range bound between 4450 and 4600, on the upside if nifty crosses 4600-4650 resistance we may see the target of 4900.
US initial jobless claims slip by 4,000 to 6,21,000.
10-year yield seen between 6.25-6.75%: Kotak Mahindra Bk.
Rupee to find support at Rs 46.90/$: Axis Bank.
Rupee seen up on dollar weakness, stocks key.
New govt to focus on coal reforms.
FIIs net sell $67.5 mn.
Asian markets in green; Nikkei adds 57pts.
Nikkei edges up, but nerves about data cap gains.
Oil rises above $69, buoyed by US jobs data.
Tata hopes to sell Nano in U.S.
Financial, energy stocks pull US market higher.
Multiplex operators may sign pact with producers.
Mumbai world’s sixth most expensive office market.
Nalco aluminium park at Angul under cloud.
Orbit to raise Rs 500 cr through share sale.
No stock options, bonus for ICICI top management in FY09.
Satyam board may meet on June 11.
MCX-SX divests 6.48 %, plans to sell another 11.52%.
Kinetic Engg hits circuit on European order.
Ketan Parekh still active, says Sebi.
ICICI Bank cuts lending rates, SBI says scope for 25 bps reduction.
Nitin Fire Protection surges on fund plans.
PE activity increases after stable government pushes up markets.
Suzlon faces rough weather over Pune wind park.
Kakinada food processing SEZ commissioned.
Govt seeks details of Bharti-MTN deal.
Anu's Labs to raise Rs 250cr.
SIngapore nifty is trading at 4605 up by 20 points at 9.30 AM IST.
US initial jobless claims slip by 4,000 to 6,21,000.
10-year yield seen between 6.25-6.75%: Kotak Mahindra Bk.
Rupee to find support at Rs 46.90/$: Axis Bank.
Rupee seen up on dollar weakness, stocks key.
New govt to focus on coal reforms.
FIIs net sell $67.5 mn.
Asian markets in green; Nikkei adds 57pts.
Nikkei edges up, but nerves about data cap gains.
Oil rises above $69, buoyed by US jobs data.
Tata hopes to sell Nano in U.S.
Financial, energy stocks pull US market higher.
Multiplex operators may sign pact with producers.
Mumbai world’s sixth most expensive office market.
Nalco aluminium park at Angul under cloud.
Orbit to raise Rs 500 cr through share sale.
No stock options, bonus for ICICI top management in FY09.
Satyam board may meet on June 11.
MCX-SX divests 6.48 %, plans to sell another 11.52%.
Kinetic Engg hits circuit on European order.
Ketan Parekh still active, says Sebi.
ICICI Bank cuts lending rates, SBI says scope for 25 bps reduction.
Nitin Fire Protection surges on fund plans.
PE activity increases after stable government pushes up markets.
Suzlon faces rough weather over Pune wind park.
Kakinada food processing SEZ commissioned.
Govt seeks details of Bharti-MTN deal.
Anu's Labs to raise Rs 250cr.
SIngapore nifty is trading at 4605 up by 20 points at 9.30 AM IST.
Thursday, June 4, 2009
Market report-June 4th 2009.
Sensex breaches 15K-level, ends flat
The Nifty closed above the 4,500 level once again today due to buying in index lightweights such as Hindustan Unilever, Hindalco, ITC, Reliance Communications, Suzlon and Unitech. The Nifty June futures continued to trade at a premium and shed open interest of 493,000 shares at close compared with the intra-day build-up of 2.89 million shares.
Oil drops 3 percent on US inventory rise..
Oil price drags US markets down; Satyam zooms 23%
U.S. dollar 'seriously overvalued' - study
Re hits 7-month high intra-day, ends flat.Re trades near 7-month high on capital inflows.
Nikkei slips 0.6 pct as economic optimism tempered.
Yahoo! doesn't need Microsoft deal: CEO
Loan recast to give banks a temporary breather in FY10.
Retail investors take MF route to join mid-cap rally
Suzlon to raise Rs 600 cr to fund REpower buy from Martifer.
Religare rights issue price may be raised to Rs 400.
UTV New Media forays into audio cinema.
WiMAX Forum asks BSNL to avoid franchisees.
GVK Power to raise Rs 2,500 cr via QIP route.
Natural rubber exports decline 88%.
Soymeal exports likely to fall 80% in May.
RIL's German subsidiary files for insolvency.
US court clears S Kumars' bid for Obama's tailor.
Grupo Mexico offers $2.9 billion to regain control of Asarco.
Godfrey Phillips to launch sugar boiled candy.
LIC Housing Fin to issue 10 mn shares.
Kinfra proposes solar energy park in Palakkad.
ICICI Lombard to launch new health and motor policies.
Capital flows may double in FY10, says Morgan Stanley.
Singapore Nifty is trading at 4495 down by 35 points at 9.20 AM IST.
The Nifty closed above the 4,500 level once again today due to buying in index lightweights such as Hindustan Unilever, Hindalco, ITC, Reliance Communications, Suzlon and Unitech. The Nifty June futures continued to trade at a premium and shed open interest of 493,000 shares at close compared with the intra-day build-up of 2.89 million shares.
Oil drops 3 percent on US inventory rise..
Oil price drags US markets down; Satyam zooms 23%
U.S. dollar 'seriously overvalued' - study
Re hits 7-month high intra-day, ends flat.Re trades near 7-month high on capital inflows.
Nikkei slips 0.6 pct as economic optimism tempered.
Yahoo! doesn't need Microsoft deal: CEO
Loan recast to give banks a temporary breather in FY10.
Retail investors take MF route to join mid-cap rally
Suzlon to raise Rs 600 cr to fund REpower buy from Martifer.
Religare rights issue price may be raised to Rs 400.
UTV New Media forays into audio cinema.
WiMAX Forum asks BSNL to avoid franchisees.
GVK Power to raise Rs 2,500 cr via QIP route.
Natural rubber exports decline 88%.
Soymeal exports likely to fall 80% in May.
RIL's German subsidiary files for insolvency.
US court clears S Kumars' bid for Obama's tailor.
Grupo Mexico offers $2.9 billion to regain control of Asarco.
Godfrey Phillips to launch sugar boiled candy.
LIC Housing Fin to issue 10 mn shares.
Kinfra proposes solar energy park in Palakkad.
ICICI Lombard to launch new health and motor policies.
Capital flows may double in FY10, says Morgan Stanley.
Singapore Nifty is trading at 4495 down by 35 points at 9.20 AM IST.
Wednesday, June 3, 2009
Market Report-June 3rd 2009
The market may have flat to positive opening today.Nifty has supports at 4400-4450 and resistances are at 4600 -4650.Nifty may consolidate and trade in a range before making its next move.
Indian ADRs: Satyam gains 20.6%, Patni up 13%.
Market cues: FIIs net buy $131.5 mn.
F&O cues: Futures Open Int up by Rs 265 cr.
Wall Street ends flat; Dow up 19 points.Housing data lifts Wall St; Aetna slides late.
Nikkei edges up on resource and chip shares.
GM India stutters to find funds for Talegaon engine plant.GM looking at Rs 2L mini car for India.
MF assets at all-time high.
Bank stocks more than double in 3 months.
Banks to clear local cheques on same day.
KC Chakrabarty named RBI deputy governor.
Stock market cap hits $1 trillion.
Four DLF SEZs denotified.
Oil slips, profit-taking outweighs economic optimism.
Deregulation of auto fuel prices unlikely.
Essar Oil plans to raise $500 m.
MTNL launches pre-paid card for 3G services.MTNL aims at 300,000 subscribers for 3G service.
HDIL in JV with MMRDA.
Orissa to review IT projects soon.
Sun to invest Rs 332 cr on R&D of low-cost copies.
Tatas defer Kalinganagar rural BPO plan by two years.
Sebi clears Tech M open offer for Satyam.
BRIC may discuss supranational currency: Report.
Economic recovery ups carbon credit demand.
Sebi may bring in client margin in cash market.
Gold, silver fall as dollar's rally may curb investment demand.
Coffee exports dip 19% on excess rain.
Cotton exports may triple in FY10.
Govt may not sell wheat at low rates.
Gems, jewellery industry seeks tax exemption on export profits.
SIngapore Nifty is seen trading at 4575 up by 45 points at 9.20 AM IST
Indian ADRs: Satyam gains 20.6%, Patni up 13%.
Market cues: FIIs net buy $131.5 mn.
F&O cues: Futures Open Int up by Rs 265 cr.
Wall Street ends flat; Dow up 19 points.Housing data lifts Wall St; Aetna slides late.
Nikkei edges up on resource and chip shares.
GM India stutters to find funds for Talegaon engine plant.GM looking at Rs 2L mini car for India.
MF assets at all-time high.
Bank stocks more than double in 3 months.
Banks to clear local cheques on same day.
KC Chakrabarty named RBI deputy governor.
Stock market cap hits $1 trillion.
Four DLF SEZs denotified.
Oil slips, profit-taking outweighs economic optimism.
Deregulation of auto fuel prices unlikely.
Essar Oil plans to raise $500 m.
MTNL launches pre-paid card for 3G services.MTNL aims at 300,000 subscribers for 3G service.
HDIL in JV with MMRDA.
Orissa to review IT projects soon.
Sun to invest Rs 332 cr on R&D of low-cost copies.
Tatas defer Kalinganagar rural BPO plan by two years.
Sebi clears Tech M open offer for Satyam.
BRIC may discuss supranational currency: Report.
Economic recovery ups carbon credit demand.
Sebi may bring in client margin in cash market.
Gold, silver fall as dollar's rally may curb investment demand.
Coffee exports dip 19% on excess rain.
Cotton exports may triple in FY10.
Govt may not sell wheat at low rates.
Gems, jewellery industry seeks tax exemption on export profits.
SIngapore Nifty is seen trading at 4575 up by 45 points at 9.20 AM IST
Tuesday, June 2, 2009
Market Report-June 2nd 2009.
Market extends gain as auto, commodity stocks shine.
The Bombay Stock Exchange Sensitive Index rose for a fourth day on Monday, extending May’s biggest monthly surge in 17 years, led by commodity producers and auto makers.The S&P CNX Nifty has closed above the 4,500 levels while June futures remain at a premium to the spot, an indication that the current uptrend will continue.
Oil soars above $68 to seven-month high.
Gold climbs above $985 as dollar falls.
Re sees strongest gain in 6 months.
Yields dip from seven-week high on borrowing status quo.
Exports dip for seventh month.
GM files for bankruptcy, urges quick action.
Indian IT majors like Tata Consultancy Services (TCS), Wipro and Satyam Computer Services — which have running multi-million dollar deals with General Motors (GM) which is filing for bankruptcy — are likely to face a short-term impact since any loss of business in these slowing economic conditions is a setback.
Dow gets shake-up as GM, Citi kicked out of average.US stocks rally despite General Motors bankruptcy filing.
Gems, jewellery exporters urge relaxation in SEZs.
Pantaloon Retail arm close to equity deal with Carrefour.
Govt eyes public offer for Nacil.
Hostile takeover of Great Offshore possible: Analysts.
Tata to set up Rs 1,000 crore helicopter unit in Hyderabad SEZ.
BSNL may be listed: Raja.
Air India public issue may be considered soon: Patel.
Tele subscriber growth drops 26% in April.
SIngapore Nifty is seen trading at 4567.5 up by 18 points at 9.20 AM IST.
The Bombay Stock Exchange Sensitive Index rose for a fourth day on Monday, extending May’s biggest monthly surge in 17 years, led by commodity producers and auto makers.The S&P CNX Nifty has closed above the 4,500 levels while June futures remain at a premium to the spot, an indication that the current uptrend will continue.
Oil soars above $68 to seven-month high.
Gold climbs above $985 as dollar falls.
Re sees strongest gain in 6 months.
Yields dip from seven-week high on borrowing status quo.
Exports dip for seventh month.
GM files for bankruptcy, urges quick action.
Indian IT majors like Tata Consultancy Services (TCS), Wipro and Satyam Computer Services — which have running multi-million dollar deals with General Motors (GM) which is filing for bankruptcy — are likely to face a short-term impact since any loss of business in these slowing economic conditions is a setback.
Dow gets shake-up as GM, Citi kicked out of average.US stocks rally despite General Motors bankruptcy filing.
Gems, jewellery exporters urge relaxation in SEZs.
Pantaloon Retail arm close to equity deal with Carrefour.
Govt eyes public offer for Nacil.
Hostile takeover of Great Offshore possible: Analysts.
Tata to set up Rs 1,000 crore helicopter unit in Hyderabad SEZ.
BSNL may be listed: Raja.
Air India public issue may be considered soon: Patel.
Tele subscriber growth drops 26% in April.
SIngapore Nifty is seen trading at 4567.5 up by 18 points at 9.20 AM IST.
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