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Intraday calls for 21-11-08

CB — Fri, 21 Nov 2008 03:52:51 +0000

Markets likely to see a gap down opening.
If markets show recovery later during the day, buy: Larsen and Toubro and Nava Bharat Ventures.

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Intraday calls for 20-11-08

CB — Thu, 20 Nov 2008 03:43:10 +0000

Markets likely to see a gap down opening.
Nifty is likely to touch 2400 in short term.
Short sell: BHEL below 1218 and Voltas below 59.

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Intraday calls for 19-11-08

CB — Wed, 19 Nov 2008 03:57:49 +0000

Markets likely to open flat.
If markets show recovery, buy: Punj Lloyd and Tata Motors.

Nifty support at 2640.

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Intraday calls for 18-11-08

CB — Tue, 18 Nov 2008 04:01:30 +0000

Markets likely to open weak.
Short sell: Larsen and Tubro, stoploss: 795

If markets show recovery later during the day, buy: Rolta India and Mundra Port.

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Suzlon to buy Martifier stake in REpower

CB — Mon, 17 Nov 2008 14:09:19 +0000

The Indian wind energy major had in September agreed to buy the equity stake from Portugese company Martifier for euro 270 million. At present, Suzlon holds 66 per cent stake in REpower. “It was originally scheduled for May. We had accelerated it to December, but we are going with the original schedule,” Tanti said on the sidelines of the World Economic Forum’s India Economic Summit........Read the rest of Suzlon to buy Martifier stake in REpower.

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Unitech repays loans to Indiabulls

CB — Mon, 17 Nov 2008 14:08:26 +0000

Real estate major Unitech today said it has repaid the entire financial assistance received from Indiabulls Financial Services. Unitech has repaid on the due date the entire financial assistance received from Indiabulls Financial Services and its affiliates, the company said in a regulatory filing to the Bombay Stock Exchange. “With this, neither the company nor its subsidiaries, affiliates, associates or promoters has any loan, debt or any other outstanding amount payable to Indiabulls Financial Services or its associates,” it added........Read the rest of Unitech repays loans to Indiabulls.

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Sensex recovers, ends down 94pts

CB — Mon, 17 Nov 2008 14:07:16 +0000

The Sensex opened 12 points higher at 9,397, touched a high of 9,436, and then soon slipped into the negative zone. Aggressive selling in banking and realty stocks dragged the index below the 9,000-mark to a low of 8,957 - down 479 points from the day’s high.

Selective buying at lower levels helped the index cut losses towards the close. The Sensex finally ended with a loss of 94 points at 9,291........Read the rest of Sensex recovers, ends down 94pts.

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Intraday calls for 17-11-08

CB — Mon, 17 Nov 2008 04:02:00 +0000

Markets likely to open flat.
Nifty has support at 2780-2800 levels and resistance at 2930. If nifty manages to stay above 2850 for sometime we could see it move higher.

2800-2850 is a no trade zone. If nifty breaks 2800 short sell: Axis bank, target 470. Stoploss: 500.
If nifty manages to stay above 2850, buy: Tata power. target: 770. Stoploss: 730.

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SR: Alembic announces buy-back offer

CB — Sun, 16 Nov 2008 03:47:07 +0000

The company’s board approved the buyback plan during market hours today, 14 November 2008. Meanwhile, the BSE Sensex was down 110 points, or 1.2%, to 9,422.32. On BSE, 2.7 lakh shares were traded in the counter. The scrip had an average daily volume of 77,425 shares in the past one quarter.

The stock hit a high of Rs 40.45 and a low of Rs 35 so far during the day. The stock had a 52-week high of Rs 107.30 on 17 December 2007 and a 52-week low of Rs 24.75 on 24 October 2008........Read the rest of SR: Alembic announces buy-back offer.

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World leaders pledge action plan to fight crisis

CB — Sat, 15 Nov 2008 06:50:58 +0000

By Glenn Somerville and Matt Spetalnick

WASHINGTON (Reuters) - World leaders grappling with the worst financial crisis since the Great Depression of the 1930s pledged on Friday to deliver a concrete plan to ward off recession and prevent future meltdowns.
.......Read the rest of World leaders pledge action plan to fight crisis.

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