Quotes with Resistance & Support
Market Information

Sebi bars 197 FIIs, 342 sub-accounts from market

Posted on: September 30th 2010 in Market News.

Mumbai: In a late development, capital market regulator Securities and Exchange Board of India (Sebi) on Thursday declared 197 foreign institutional investors (FIIs) and 342 sub-accounts as non-compliant entities. Funds of ABN AMRO Bank, Standard Chartered and Bank of New york are among t…

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Ayodhya verdict: HC rules divide land into 3 parts

Posted on: September 30th 2010 in Market News.

Lucknow: The three-judge special Lucknow bench of Allahabad High Court ruled by majority that the disputed land in Ayodhya be divided into three parts and be distributed among the Sunni Wafk Board, Nirmohi Akhara and the party for ‘Ram Lalla’. The High Court ruled that the lan…

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Koutons Retail dives to record low as ICRA suspends rating

Posted on: September 30th 2010 in Market News.

Koutons Retail India was frozen at the 20% lower circuit at Rs. 172.70 at 09:05 IST on BSE, extending Wednesday’s 20% plunge, on reports a credit rating agency has suspended its ratings assigned to the retailer citing absence of requisite information. Meanwhile, the BSE Sensex was…

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Intraday calls for 30-09-10

Buy Bajaj Auto at 1491, target: 1515, SL 1475 – (SL triggered) Nifty has support at 5980 and resistance at 6100 – …

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It’s official, Mahindra Satyam FY10 loss at Rs 125 cr

Posted on: September 29th 2010 in Press Releases.

Mahindra Satyam (formerly Satyam Computer) today reported a consolidated loss of Rs 124.60 crore for year ended March 2010, a far better show from the previous fiscal when it had plunged into a deep crisis after founder B Ramalinga Raju admitted to multi-crore rupee scam. Helped by a sha…

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HC: Shut down Sterlite plant

Posted on: September 29th 2010 in Market News.

Pulling up officials of the Central and state governments for giving clearance and consent to Sterlite Industries (India) Limited without following the mandatory provisions of law, the Madras high court on Tuesday ordered the immediate closure of its copper smelting plant in Thoothukudi. …

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Intraday calls for 29-09-10

Markets likely to open slightly higher. Support for nifty is at 5980 and resistance at 6100 Buy BF Utilities Ltd at 1102.60, target: 1130. Stoploss: 1075 – (Book profits at 1130) …

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Intraday calls for 28-09-10

Markets likely to see a flat opening. Support for nifty is at 6000 and resistance at 6080 If markets show weakness later during the day, sell Wipro with stoploss at 455 – (book profits at 440) …

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SpiceJet to double fleet by end-2013

Posted on: September 28th 2010 in Market News.

Says international foray’s contribution will increase top line 12% Gurgaon-based low-cost carrier SpiceJet said today it would double its current 22-plane fleet by the end of 2013. It also said the projected contribution from its international operations, which the airline would commen…

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Sebi issues warning on IPO info leaks

Posted on: September 27th 2010 in Press Releases.

The practice of companies planting reports in the media ahead of initial public offers (IPOs) has come under the scanner of the Securities and Exchange Board of India (Sebi). It has asked investment bankers to stop issuers from leaking information that is not included in the draft prospec…

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