2009 February | Nseguide.com

Quotes with Resistance & Support

Market Information

Market Review for 3rd March 2009

Posted on: February 28th 2009 in Market Outlook.

BSE Sensex: (8892) the market yet again unfolded as expected sideways and weak and has still not shown any signs of strength so far and I would suspect any move that goes up… The support for the Sensex is 8750-8630 and the resistance to the up move is at 9030-9157. …

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Weekly Review for the Week March 2nd – 5th 2009

Posted on: February 28th 2009 in Market Outlook.

We said ‘Technically the market looks weak and we are into an F&O expiry week with just 3 days left for the expiry and once again the market could be volatile but the market looks sideways with no clear signs of any direction but the bias could be down’ …

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Chevron to exit RPL; sell 5% to RIL

Posted on: February 28th 2009 in Press Releases.

NEW DELHI: Moving closer to merging its refinery subsidiary Reliance Petroleum with itself, Reliance Industries energy major Chevron Corp’s stake in RPL. RIL will buy 22.50 crore equity shares or five per cent of RPL’s equity from Chevron. This will raise its stake in the comp…

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RIL shareholders may gain from merger with RPL

Posted on: February 28th 2009 in Stock Views.

MUMBAI: Should one take a long-term bet on Reliance Industries shares or punt on Reliance Petroleum shares for arbitrage opportunities that may be available till the record date is announced? That is the question that Dalal Street players were asking each other after the two companies inf…

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US indices hit 12-year lows

Posted on: February 28th 2009 in Press Releases.

Dow Jones fell 119 points, or 1.7% ending at its lowest close since May 1, 1997. US indices fall to new lows US stocks fell on Friday as latest reports showed that the US economy shrunk at the sharpest pace in 26 years in the fourth quarter of last year. With the government taking a lar…

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Sell Titan Industries, target of Rs 671: Emkay Global

Posted on: February 28th 2009 in Brokerage Recommendations.

Emkay Global Financial Services has maintained its sell rating on Titan Industries with the target price of Rs 671 in its February 20, 2009 research report. “Indian gold jewellery volume in Q4CY08 (December 2008 quarter) grew by 106.7% yoy to 102 tons. …

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India Cements a market performer: HDFC Securities

Posted on: February 28th 2009 in Brokerage Recommendations.

HDFC Securities has maintained its market performer rating on India Cements with a target price of Rs 94 in its February 26, 2009 research report. “Even though, the company is set to increase its capacity to 13 mt by FY09 end from 9 mt in FY08, we expect its sales volume to remain u…

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RIL merger negative for RPL shareholders: SP Tulsian

Posted on: February 27th 2009 in Stock Views.

The Reliance Industries (RIL) board will meet on March 2 to consider merger with Reliance Petroleum (RPL). The merger is effective retrospectively from April 1, 2001.SP Tulsian, of sptulsian.com doesn’t see RIL-RPL merger news a reason to cheer for shareholders of Reliance Industries. A…

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RIL to consider merger with RPL on March 2

Posted on: February 27th 2009 in Stock News.

The Reliance Industries Limited (RIL) board will meet on March 2 to consider merger with Reliance Petroleum Limited (RPL). The merger is effective retrospectively from April 1, 2001. RIL, India’s largest private sector enterprise, will issue about 34-crore additional equity shares o…

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ONGC plans IPO for Rs 12,440 cr plant

Posted on: February 27th 2009 in Stock News.

Oil and Natural Gas Corporation (ONGC) is planning an initial public offering (IPO) of its subsidiary, which is building the Rs 12,440 crore petrochemical plant at Dahej in 2011, even as it agreed to give the state gas utility Gail India a 19 per cent stake in the mega project. …

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