Quotes with Resistance & Support
Market Information

Intraday calls for 31-10-11

Markets likely to see a flat opening.. Resistance for nifty is at 5380 and support at 5320. Buy Aban offshore at 422-425, target: 434. Stoploss: 416 …

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Say no to some investments

Posted on: October 31st 2011 in Market News.

During high inflation times, calculate real returns to maximise wealth. Any investment advice is always on where to put one’s money. And rarely is an investor told about investment avenues and instruments that he needs to avoid. There are various reasons that have to be well thought ou…

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Maruti’s Q2 net profit slips 60%

Posted on: October 30th 2011 in Market News.

Board approves land purchase to set up one-million-unit plant in Gujarat. Hit by a month-long labour unrest at its plant in Manesar, coupled with a slowdown in automobile sales, Maruti Suzuki saw a 59.81 per cent decline in its net profit to Rs 240.44 crore for the quarter ended Septembe…

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Indian Hotels turns around, posts Rs 8 cr profit

Posted on: October 28th 2011 in Market News.

Indian Hotels Company today reported profit after tax of Rs 8.12 crore for the second quarter ended September 30, 2011, over the same period previous fiscal. The company had posted a net loss of Rs 6.30 crore in the same period last financial year, Indian Hotels Company said in a filing …

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Intraday calls for 28-10-11

Markets likely to open gap up. Support for nifty is at 5170 and resistance at 5330. Buy Jaypee Infratech at 62.80, target: 65.50. Stoploss: 61. Buy Hindalco Industries at 128.25, target: 133. Stoploss: 126 2.55pm – buy VIP ind at 854, target: 870. Stoploss: 840 (1-2 day hold) B…

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Barroso: Europe ‘closer to resolving eurozone crisis’

Posted on: October 27th 2011 in Market News.

European Commission President Jose Manuel Barroso has said Europe has moved closer to solving the eurozone debt crisis, as an agreement was reached in Brussels. Addressing the European Parliament in Strasbourg, Mr Barroso said the deal showed the EU could unite in the most difficult of t…

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Food inflation rises further, at 11.43 percent

Posted on: October 27th 2011 in Market News.

A week after it breached double digits, India’s food inflation continued with its upward climb and was recorded at 11.43 percent for the week ended Oct 15, official data showed Thursday. The rise was due to a jump in prices of pulses, milk and vegetables. Food inflation had crossed…

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Europe pulls out plan to solve debt crisis; now the wait to see if it’s enough

Posted on: October 27th 2011 in Market News.

Gabriele Steinhauser and Sarah Dilorenzo, AP Business Writers, On Thursday October 27, 2011, 1:06 am EDT BRUSSELS (AP) — European leaders clinched a deal Thursday they hope will mark a turning point in their two-year debt crisis, agreeing after a night of tense negotiations to have…

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Titan: Pain in the short-term

Posted on: October 27th 2011 in Market News.

One of the best consumption plays, the company is seeing consumers postponing purchases, thereby impacting revenue and profit growth. Titan Industries’ stock tanked around 5 per cent on Tuesday (Sensex was up 1.9 per cent) as the company reported a significant slowdown in profit growth…

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Wall Street Climbs as Euro Plan Details Emerge

Posted on: October 27th 2011 in Market News.

By Chuck Mikolajczak NEW YORK (Reuters) – Stocks rose on Wednesday as details from the European summit to resolve the debt crisis began to emerge. The euro zone aims to leverage its 440 billion euro bailout fund, the European Financial Stability Facility, or EFSF, “several f…

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