Nifty likely to witness range of 3440-3270: Bhambwani
Profit-booking takes Sensex down 3.2%
Nifty should close around 3400-3420: Edelweiss
Oil extends losses towards $49 on flu, bank worries
Cholamandalam DBS defers declaring results
Fund Action witnessed in Rolta, Aban Offshore
US markets end flat after a choppy session
Asian markets up; Hang Seng rallies 188pts
Hero Motors gets $250-mn order from Canadian Firm
India's Cipla says ready to supply flu drug copy
Reliance Money to trim staff by about 300 employees
ICICI Bank sees heavy volatility; down 6 pc in morning trade
Reliance Big TV plans to divest 49% in DTH arm
IDFC net rises 32% to Rs 116.23 crore in Q4
RIL inks gas pacts with 11 power facilities
Petronet LNG to buy stakes in gas fields abroad
Morgan Stanley picks up 5.1% in Unitech for Rs 400 cr via QIP
TCL ropes in 50k for WiMax broadband
Bajaj eyes banking space, to strengthen financial business
Wednesday, April 29, 2009
Tuesday, April 28, 2009
Proud to be an Indian
New York Times reader comment on India going to the polls, "The
world's biggest exercise in democracy"
April 15, 2009 It is truly the greatest show on Earth, an ode to a
diverse and democratic ethos, where 700 million + of humanity vote,
providing their small part in directing their ancient civilization
into the future. It is no less impressive when done in a neighborhood
which includes de-stabilizing and violent Pakistan, China, and Burma.
Its challenges are immense, more so probably than anywhere else,
particularly in development and fending off terrorism -- but
considering these challenges and its neighbors, it is even more
astounding that the most diverse nation on Earth, with hundreds of
languages, all religions and cultures, is not only surviving, but
thriving.
The nation where Hinduism, Buddhism, Jainism, and Sikhism were born,
which is the second largest Muslim nation on Earth; where Christianity
has existed for 2000 years; where the oldest Jewish synagogues and
Jewish communities have resided since the Romans burnt their 2nd
temple; where the Dalai Lama and the Tibetan government in exile
reside; where the Zorostrians from Persia have thrived since being
thrown out of their ancient homeland; where Armenians and Syrians and
many others have to come live; where the Paris-based OECD said was the
largest economy on Earth 1500 of the last 2000 years, including the
2nd largest only 200 years ago; where 3 Muslim Presidents have been
elected, where a Sikh is Prime Minister and the head of the ruling
party a Catholic Italian woman, where the President is also a women,
succeeding a Muslim President who as a rocket scientist was a hero in
the nation; where a booming economy is lifting 40 million out of
poverty each year and is expected to have the majority of its
population in the middle class, already equal to the entire US
population, by 2025; where its optimism and vibrancy is manifested in
its movies, arts, economic growth, and voting, despite all the
incredible challenges and hardships; where all the great powers are
vying for influence, as it itself finds its place in the world.
Where all of this is happening, is India, and as greater than 1/10 of
humanity gets ready to vote, it is an inspiration to all the World.
world's biggest exercise in democracy"
April 15, 2009 It is truly the greatest show on Earth, an ode to a
diverse and democratic ethos, where 700 million + of humanity vote,
providing their small part in directing their ancient civilization
into the future. It is no less impressive when done in a neighborhood
which includes de-stabilizing and violent Pakistan, China, and Burma.
Its challenges are immense, more so probably than anywhere else,
particularly in development and fending off terrorism -- but
considering these challenges and its neighbors, it is even more
astounding that the most diverse nation on Earth, with hundreds of
languages, all religions and cultures, is not only surviving, but
thriving.
The nation where Hinduism, Buddhism, Jainism, and Sikhism were born,
which is the second largest Muslim nation on Earth; where Christianity
has existed for 2000 years; where the oldest Jewish synagogues and
Jewish communities have resided since the Romans burnt their 2nd
temple; where the Dalai Lama and the Tibetan government in exile
reside; where the Zorostrians from Persia have thrived since being
thrown out of their ancient homeland; where Armenians and Syrians and
many others have to come live; where the Paris-based OECD said was the
largest economy on Earth 1500 of the last 2000 years, including the
2nd largest only 200 years ago; where 3 Muslim Presidents have been
elected, where a Sikh is Prime Minister and the head of the ruling
party a Catholic Italian woman, where the President is also a women,
succeeding a Muslim President who as a rocket scientist was a hero in
the nation; where a booming economy is lifting 40 million out of
poverty each year and is expected to have the majority of its
population in the middle class, already equal to the entire US
population, by 2025; where its optimism and vibrancy is manifested in
its movies, arts, economic growth, and voting, despite all the
incredible challenges and hardships; where all the great powers are
vying for influence, as it itself finds its place in the world.
Where all of this is happening, is India, and as greater than 1/10 of
humanity gets ready to vote, it is an inspiration to all the World.
Monday, April 27, 2009
After the Bell.
Nifty tests 3500; banks, cap goods, cement, realty gain.
At 12:18 hours IST, the markets were trading marginally higher amid volatility, as buying was seen in financial, capital goods, realty, cement, select technology and telecom, pharma stocks. However, NTPC, ONGC, SAIL, HUL, Power Grid, Infosys, Tata Power, Ranbaxy Labs and BPCL were under pressure.
Videocon Industries declines sharply
Chambal Fertilisers plunges 5.7%
SAIL melts down
BoB Q4 net up 3-fold at Rs752.69 cr, declares 90% dividend
Akruti City locked at 5% upper circuit
Crompton Greaves maintains its march ahead
GVK Power turns down
Mkts choppy; power, metal, oil mkting cos under pressure
Essar Oil trips on selling pressure
Exit HCL Technologies at Rs 140-145: Bhambwani
Vijaya Bank Q4 PAT seen down 32% at Rs 87 cr
Japan says economy to shrink 3.3 percent this year
IVRCL Infras forges ahead
Ambuja Cements among major gainers
Exide Ind surges on good bottomline
Essar Shipping sails smoothly
ONGC says fire at Hazira gas unit put out, operations normal
Jai Corp locked at 5% lower circuit
Petronet LNG net up 70 pc to Rs 204 cr
Stocks that can be offloaded at current levels
TATA MOTORS,SUZLON ENERGY,SIEMENS,RELCOMM,RIIL.
At 12:18 hours IST, the markets were trading marginally higher amid volatility, as buying was seen in financial, capital goods, realty, cement, select technology and telecom, pharma stocks. However, NTPC, ONGC, SAIL, HUL, Power Grid, Infosys, Tata Power, Ranbaxy Labs and BPCL were under pressure.
Videocon Industries declines sharply
Chambal Fertilisers plunges 5.7%
SAIL melts down
BoB Q4 net up 3-fold at Rs752.69 cr, declares 90% dividend
Akruti City locked at 5% upper circuit
Crompton Greaves maintains its march ahead
GVK Power turns down
Mkts choppy; power, metal, oil mkting cos under pressure
Essar Oil trips on selling pressure
Exit HCL Technologies at Rs 140-145: Bhambwani
Vijaya Bank Q4 PAT seen down 32% at Rs 87 cr
Japan says economy to shrink 3.3 percent this year
IVRCL Infras forges ahead
Ambuja Cements among major gainers
Exide Ind surges on good bottomline
Essar Shipping sails smoothly
ONGC says fire at Hazira gas unit put out, operations normal
Jai Corp locked at 5% lower circuit
Petronet LNG net up 70 pc to Rs 204 cr
Stocks that can be offloaded at current levels
TATA MOTORS,SUZLON ENERGY,SIEMENS,RELCOMM,RIIL.
Market Outlook 27th April 2009
Dalal Street is likely to open on a positive note on Monday following strong global cues but may also see bouts of volatile trading this week, analysts said.
Support for Sensex at 11070: Gaba
Support for Nifty at 3440: Gaba
Dabur to take fizz out of Fanta and Appy
Piramal Life Sciences Q4 net loss at Rs 37.36 cr
TCS to focus on offshoring, to move many staff back to India
Punj Lloyd shifting workforce to India
RIL gets highest number of trademarks in 2008
Merieux may divest stake in Shantha Bio
TN Newsprint to invest Rs 1000 cr
Ranbaxy to cut European operations
Tata to launch GSM with NTT DoCoMo co-branding
ONGC Mittal gets nod for refinery in Nigeria
Anchor Electricals eyes 10% growth
Triveni Eng's net profit jumps 10%
ABG overcomes KoPT board hurdle, bags contract
Indian IT firms try to reduce or push out benched staff
Oil retreats below $51 on risk aversion
3i Infotech March net up 85.2%
Strides Arcolab's EBITDA at Rs 42cr & PAT at Rs 11cr
Institutional investors up stake in top 3 IT cos
Reliance Infra looking at power distribution in UP, Bihar
3i Infotech's revenue grows to Rs 2304.70cr
Essar Oil bounces back
Asian markets open in red; Hang Seng down 302pts
Support for Sensex at 11070: Gaba
Support for Nifty at 3440: Gaba
Dabur to take fizz out of Fanta and Appy
Piramal Life Sciences Q4 net loss at Rs 37.36 cr
TCS to focus on offshoring, to move many staff back to India
Punj Lloyd shifting workforce to India
RIL gets highest number of trademarks in 2008
Merieux may divest stake in Shantha Bio
TN Newsprint to invest Rs 1000 cr
Ranbaxy to cut European operations
Tata to launch GSM with NTT DoCoMo co-branding
ONGC Mittal gets nod for refinery in Nigeria
Anchor Electricals eyes 10% growth
Triveni Eng's net profit jumps 10%
ABG overcomes KoPT board hurdle, bags contract
Indian IT firms try to reduce or push out benched staff
Oil retreats below $51 on risk aversion
3i Infotech March net up 85.2%
Strides Arcolab's EBITDA at Rs 42cr & PAT at Rs 11cr
Institutional investors up stake in top 3 IT cos
Reliance Infra looking at power distribution in UP, Bihar
3i Infotech's revenue grows to Rs 2304.70cr
Essar Oil bounces back
Asian markets open in red; Hang Seng down 302pts
Saturday, April 25, 2009
Heard on the street
Reliance Infra looking at power distribution in UP, Bihar.
Reliance refinery, Wipro, Infy first to get CISF cover.
NHPC all set to heat up thermal power sector.
Forex bets hit Wockhardt bottom line.
Cipla Q4 net up 41% at Rs 253 cr
Strides Arcolab's EBITDA at Rs 42cr & PAT at Rs 11cr
3i Infotech Q4 net profit at Rs 64.03 cr
Dow ends up 119pts; Indian ADRs gain
Crude jumps nearly 4%, metals shine
SBI may guarantee Tata Motors' Rs 2Kcr NCD issue
Saimira scam: Keynote Cap banned from offering trading tips
BILT Q3 net profit down at Rs 17.9 cr
Yes Bank's total net income up 36.9% to Rs 946.2cr
Arch Pharmalabs gets verification mark from USP (PIVP)
Sterlite Tech Q4 standalone net profit at Rs 43.8 cr
Bharat Electronics Q4 net profit at Rs 559 cr
SEZs were main source of Q4 income: Mahindra Lifespace
ICICI Bank Q4 PAT seen down 27% at Rs 841 cr
Above Rs 770, Bharti Airtel can touch Rs 850: M Thacker
Micro Technologies bags $ 5 mn biz from FN Systems
Reliance refinery, Wipro, Infy first to get CISF cover.
NHPC all set to heat up thermal power sector.
Forex bets hit Wockhardt bottom line.
Cipla Q4 net up 41% at Rs 253 cr
Strides Arcolab's EBITDA at Rs 42cr & PAT at Rs 11cr
3i Infotech Q4 net profit at Rs 64.03 cr
Dow ends up 119pts; Indian ADRs gain
Crude jumps nearly 4%, metals shine
SBI may guarantee Tata Motors' Rs 2Kcr NCD issue
Saimira scam: Keynote Cap banned from offering trading tips
BILT Q3 net profit down at Rs 17.9 cr
Yes Bank's total net income up 36.9% to Rs 946.2cr
Arch Pharmalabs gets verification mark from USP (PIVP)
Sterlite Tech Q4 standalone net profit at Rs 43.8 cr
Bharat Electronics Q4 net profit at Rs 559 cr
SEZs were main source of Q4 income: Mahindra Lifespace
ICICI Bank Q4 PAT seen down 27% at Rs 841 cr
Above Rs 770, Bharti Airtel can touch Rs 850: M Thacker
Micro Technologies bags $ 5 mn biz from FN Systems
Friday, April 24, 2009
After the Bell
Mkts close strong led by telecom, cap goods, auto, banks.The Sensex today opened up 15 points at 11,149. Thereafter it slipped into the red and touched a low of 11,070.
Thereafter the index to rebounded into the positive zone. Agressive buying towards the end helped the index touch a high of 11,362.
Top gainers on the Sensex were M&M at Rs 470.25 up 6.16%, Jaiprakash Asso at Rs 124.85 up 5.27%, Grasim at Rs 1,795 up 5.22%, Bharti Airtel at Rs 742 up 4.67% and Tata Power at Rs 885 up 3.45%.
However, top losers on the Sensex were Maruti Suzuki at Rs 782. down 2.21%, Ranbaxy Labs at Rs 176.40 down 2.05%, Wipro at Rs 306.60 down 2.03% and Tata Steel at Rs 259.35 down 1.31%.
The Sensex finally ended (provisional) up 174 points up, at 11,309.
Satyam shareholders advised to wait till June 22
New H-1B law "discrimates" against Indian IT firms
Maruti Q4 net drops 18.5 pc, misses forecast
Oil hovers below $50 as eventual recovery weighed
Corporation Bank Q4 net up 26%, declares 80% dividend
Suzlon Energy among major gainers
Mahindra Lifespace Developers FY'09 net at Rs 65.54 cr
Q1 FY10 to be an excellent one: Binani Cement
See 13.5-14 mt of sugar production this year: Bajaj Hind
Idea quadruples its network capacity
Corporation Bank targets about 20% credit growth in FY10
Suffered forex losses of about Rs 12cr: Rain Commodities
IDFC Project Equity to invest 60% in road & power sector
Thereafter the index to rebounded into the positive zone. Agressive buying towards the end helped the index touch a high of 11,362.
Top gainers on the Sensex were M&M at Rs 470.25 up 6.16%, Jaiprakash Asso at Rs 124.85 up 5.27%, Grasim at Rs 1,795 up 5.22%, Bharti Airtel at Rs 742 up 4.67% and Tata Power at Rs 885 up 3.45%.
However, top losers on the Sensex were Maruti Suzuki at Rs 782. down 2.21%, Ranbaxy Labs at Rs 176.40 down 2.05%, Wipro at Rs 306.60 down 2.03% and Tata Steel at Rs 259.35 down 1.31%.
The Sensex finally ended (provisional) up 174 points up, at 11,309.
Satyam shareholders advised to wait till June 22
New H-1B law "discrimates" against Indian IT firms
Maruti Q4 net drops 18.5 pc, misses forecast
Oil hovers below $50 as eventual recovery weighed
Corporation Bank Q4 net up 26%, declares 80% dividend
Suzlon Energy among major gainers
Mahindra Lifespace Developers FY'09 net at Rs 65.54 cr
Q1 FY10 to be an excellent one: Binani Cement
See 13.5-14 mt of sugar production this year: Bajaj Hind
Idea quadruples its network capacity
Corporation Bank targets about 20% credit growth in FY10
Suffered forex losses of about Rs 12cr: Rain Commodities
IDFC Project Equity to invest 60% in road & power sector
Market Outlook 24th April 2009
The market may have flat to positive opening today. Nifty has supports at 3300- 3340 and resistances are at 3440-3500. Traders should buy on dips.
Nifty likely to witness range of 3500-3340: Bhambwani
Sensex can go up to 12300-12800: Hans Goetti
JK Tyres to invest Rs 270 cr in Mysore unit
GE Hitachi in talks with L&T for nuke plans
Crude at $49.22/bbl
GHCL says promoters didn’t sell any stake
US market end positive; ICICI Bank surge around 9.5%
Asian market mixed; Hang Seng up 61pts
Maharashtra Seamless Q4 net up 19% to Rs 64.63 cr
State Bank of Travancore Q4 net up 28.7 pc
Crude price fall hits RIL, Q4 net dips 1%
Retail re-entry: RIL plans to cover entire fuel value chain
Pyramid Saimira promoters, 228 others barred from market
RPower trebles net to Rs 244 cr
JK Tyre to invest Rs 270 crore in expanding capacity
LICHF posts 33% rise in net profit to Rs 158 crore
HDFC Bank Q4 net up 34% on high fee-based income
HDFC Bank Q4 net up 34% on high fee-based income
State Bank of Travancore Q4 net up 28.7 pc
Nifty likely to witness range of 3500-3340: Bhambwani
Sensex can go up to 12300-12800: Hans Goetti
JK Tyres to invest Rs 270 cr in Mysore unit
GE Hitachi in talks with L&T for nuke plans
Crude at $49.22/bbl
GHCL says promoters didn’t sell any stake
US market end positive; ICICI Bank surge around 9.5%
Asian market mixed; Hang Seng up 61pts
Maharashtra Seamless Q4 net up 19% to Rs 64.63 cr
State Bank of Travancore Q4 net up 28.7 pc
Crude price fall hits RIL, Q4 net dips 1%
Retail re-entry: RIL plans to cover entire fuel value chain
Pyramid Saimira promoters, 228 others barred from market
RPower trebles net to Rs 244 cr
JK Tyre to invest Rs 270 crore in expanding capacity
LICHF posts 33% rise in net profit to Rs 158 crore
HDFC Bank Q4 net up 34% on high fee-based income
HDFC Bank Q4 net up 34% on high fee-based income
State Bank of Travancore Q4 net up 28.7 pc
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