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Where is the market headed in short-term?

Posted on: Wednesday, September 2nd 2009 and is filed under Market Outlook.

urudatta Dhanokar Tech Analyst and Derivative Strategist, Almondz Global IF the Nifty crosses 4730, it has the potential to rise to 5200-5300 levels (The Sensex equivalent is 17000). However, the path to this target may not be smooth and we may see some jerks of 5% or more at around 49...

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NTPC and REC follow-on offers to hit the market this fiscal

Posted on: Wednesday, September 2nd 2009 and is filed under Stock News.

NEW DELHI: State-owned utilities NTPC and Rural Electrification Corp will hit the capital market with their follow-on public offers to raise about Rs 9,000 crore by the end of the current financial year. “NTPC and REC follow-on issues will come up before March 2010,” Power S...

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Intraday calls for 02-09-09

Markets likely to see a weak opening. Sell Sunflag Iron and Steel company at 24, target: 22.80. Stoploss: 24.80 If markets show recovery later during the day, buy: Welspun Gujarat ...

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Wall Street Tumbles on Bank Failure Worries

Posted on: Tuesday, September 1st 2009 and is filed under Market News.

NEW YORK (Reuters) – Stock indexes fell 2 percent on Tuesday, pushing the S&P 500 below the 1,000 threshold, on increased worries there could be more bank failures and concerns that equity prices may have run ahead of the economic recovery. The Dow Jones industrial average los...

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SEBI bars Austral from raising fund as I-T finds Rs 1000 cr fraud

Posted on: Tuesday, September 1st 2009 and is filed under Stock News.

NEW DELHI: Market watchdog SEBI on Tuesday barred metallurgical coke producer Austral Coke from raising any fresh equity after the income tax department unearthed an alleged more than Rs 1,000 crore fraud in the company’s transactions. “… (SEBI) hereby prohibits Austra...

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Wallstreet: Dow, S&P fall 1 percent as caution lingers

Posted on: Tuesday, September 1st 2009 and is filed under Market News.

EW YORK (Reuters) – Stocks fell on Tuesday as investors fretted that prices may have run too far ahead of the economic recovery even as data showed the U.S. manufacturing sector expanded in August after a long slump. Analysts said the ISM manufacturing data had already been priced ...

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Interest rate futures launched

Posted on: Tuesday, September 1st 2009 and is filed under Market News.

NSE says trading in the segment will widen the country’d bond market.Trading in interest rate futures (IRFs) was relaunched in the country On Monday after a gap of over six years. With this, the National Stock Exchange (NSE) became the first to launch trading in the segment ahead of the...

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Godrej Properties expects to come out with IPO in two months

Posted on: Tuesday, September 1st 2009 and is filed under Press Releases.

Godrej Group’s realty arm Godrej Properties expects to hit the capital market in the next couple of months, if the current uptrend in the market continues. The company said it has already got clearance from Sebi for the IPO, which will involve fresh capital issue of 13.5 per cent s...

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Pipavav Shipyard to raise over Rs 550 cr through IPO

Posted on: Tuesday, September 1st 2009 and is filed under Press Releases.

Mumbai: Pipavav Shipyard, which plans to raise over Rs 550-crore through an initial public offering, is likely to enter into the capital market by September 16, a source close to the development said. The IPO would consist of 8.54 crore equity shares of Rs 10 each and the proceeds would ...

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Intraday calls for 01-09-09

Markets likely to open flat. Sell Tata Steel below 420, target: 408. Stoploss: 426. Trade in small quantity. ...

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