2009 January | Nseguide.com

Quotes with Resistance & Support

Market Information

Four big clients likely to move business from Satyam to other IT firms

Posted on: January 31st 2009 in Press Releases.

MUMBAI: Troubles keep mounting for Satyam Computer Services. Four of its large clients, Citigroup, Merrill Lynch, Novartis and GlaxoSmithKline are in talks to move their business from the Hyderabad-based company to other Indian IT firms. These clients contribute over $200 million to Satya…

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Jaiprakash Asso has target of Rs 85: Thacker

Posted on: January 31st 2009 in Stock Views.

Technical Analyst, Mitesh Thacker is of the view that Jaiprakash Associates is looking technically strong and has target of Rs 85. ” We looked at the target of Rs 540 for a technical bounce back on United Spirits, the stock has done that and its slightly crossed and moved up to Rs 575-5…

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Company Review: HDIL

Posted on: January 31st 2009 in Brokerage Recommendations.

BNP Paribas Securities: Housing Development and Infrastructure Limited (HDIL’s) 3QFY09 results provide the first signal that our sector thesis is beginning to play out. We argued high leverage will force developers to sell assets to support cash flows in a down cycle, thus making DCF-ba…

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Q4 GDP down 3.8 percent, biggest drop since 1982 – USA

Posted on: January 31st 2009 in Press Releases.

WASHINGTON (Reuters) – The economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed, sinking deeper into recession as consumers and business cut spending. The Commerce Department on Friday said gross domestic product, which measures total …

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Heard on the Street

Posted on: January 30th 2009 in Stock News.

In June last year, it was among the most aggressive buyers of state-owned banks. Less than a year since, The Children’s Investment Trust, or TCI, has whittled down its exposure to these stocks considerably. And in a few cases, the trust has exited its investments altogether. On Thursday…

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SBI expected to cut interest rates soon

Posted on: January 30th 2009 in Press Releases.

The country’s largest lender State Bank of India is expected to cut its interest rates soon. The rate cut is expected before a meeting with acting finance minister Pranab Mukherjee on Monday, when the issue of interest rates is expected to be taken up. Earlier today Punjab National …

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Siemens profit shoots up 67% y-o-y led by other income

Posted on: January 30th 2009 in Stock News.

MUMBAI: Although Siemens net sales for the first quarter ended December 2008 declined by 14 per cent to Rs 162894.55 million against Rs 191442.59 million year ago, net profit soared 67 per cent to Rs 33058.04 million as against Rs 19705 million previous year. The company’s operating…

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Next bubble to burst will be US treasuries: analysts

Posted on: January 30th 2009 in Press Releases.

MUMBAI: Analysts and economist in the US are of the view that the next bubble that will burst is the US treasuries. Over the past 15 months, the Arab oil countries have been the biggest foreign buyers of US Treasuries, worth $245 billion. The next biggest buyer is China at $233 billion. …

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Spice Group keen to acquire 51% in Satyam: B.K. Modi

Posted on: January 30th 2009 in Press Releases.

New Delhi, Jan. 29 As many as six to seven companies – including global and Indian entities and PE firms – are interested in completely buying out the scam-stung Satyam Computer Services. This includes Spice Corporation, which confirmed that it had thrown its hat in the ring for a maj…

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