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Markets end at 15-month high

Posted on: Monday, September 7th 2009 and is filed under Market News.

The Sensex soared above 16,000 on the back of strong global cues and hopes of an easing recession. The Nifty too ended at a fresh 15-month high at 4,783.The Bombay Stock Exchange benchmark index opened with a positive gap of 104 points at 15,793, mirroring gains in Asian markets. The ind...

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L&T eyeing DBS Chola’s India fund operation: Report

Posted on: Monday, September 7th 2009 and is filed under Stock News.

MUMBAI: The financial services unit of Larsen & Toubro Ltd is in talks to buy Cholamandalam DBS Finance’s domestic mutual fund operation, two sources familiar with the matter said. “We are working on their behalf,” one source said, referring to L&T Finance, a ...

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Intraday calls for 07-09-09

Buy Allahabad Bank at 93.50, target: 96. Stoploss: 92.30 If markets show weakness later during the day, sell: DLF Short term call: Buy Steel Strips Wheels above 73, target: 85. ...

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Buy SE Investments – Call closed – 317% returns as on 06-04-10

Posted on: Monday, September 7th 2009 and is filed under Investment Ideas.

CALL CLOSED (LONG TERM INVESTORS – HOLD IT) Buy SE Investments. Current market price: 41.6(after split). Long term target: 82.3. Book value: 44.5. P/E ratio: 4.08. The philosophy of the Company is deeply rooted in the Indian tradition of ‘business with a social conscience’ and ...

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Market correction may not be substantial

Posted on: Sunday, September 6th 2009 and is filed under Market Outlook.

It’s almost becoming a trend. Ashwini Sharma, a management graduate working with a broking firm, booked profit as he expects the markets to fall. His friend Gunjan Khare also booked profit partially. The reason for selling their stake was the same. They are afraid about the fast re...

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IPOs not too bright; other routes open up

Posted on: Sunday, September 6th 2009 and is filed under Stock Views.

With the revival in the secondary market, primary markets have started witnessing some action too. While, investors have shown interest in initial public offerings (IPOs), expensive pricing may have a negative impact on the IPOs in pipeline. The activity in the primary market is depend...

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Throwing more light on Candlesticks

Posted on: Sunday, September 6th 2009 and is filed under Stock Research.

Use them to understand a Doji formation.In one of the earlier columns, we had taken a cursory look at the Candlestick charts. In this column we will throw some more light on the subject. As told earlier, Candlestick charts were first used by the Japanese to trade rice in the seventeenth...

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Bhushan Steel buys Aussie exploration firm

Posted on: Saturday, September 5th 2009 and is filed under Stock News.

Ups stake to 60% in Australia’s Bowen Energy, which has large prospecting licence for thermal and coking coalBhushan Steel (Australia), part of Delhi-based cold roller, Bhushan Steel group, has acquired a 60 per cent stake in Australian exploration company, Bowen Energy. Bowen Energy ha...

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Trading volumes in corp bonds pick up steam

Posted on: Saturday, September 5th 2009 and is filed under Market News.

CHENNAI: Trading volumes in corporate bonds has picked up pace. Across BSE, NSE and Fixed Income Money Market and Derivatives Association (FIMMDA), nearly Rs 1.28 lakh crore of corporate bonds were traded in the first five months (April-August 27) of the new fiscal, more than 3 times of ...

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ArcelorMittal buys stake in Uttam Galva Steels

Posted on: Saturday, September 5th 2009 and is filed under Stock News.

NEW DELHI: Uttam Galva Steels on Friday said ArcelorMittal Netherlands, a unit of leading steelmaker ArcelorMittal, has taken a stake in it and L N Mittal Globe’s biggest M&A dealmakers Factors for successful M&As Formula for successful biz India Inc on crossroads b...

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