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Now, apply for an IPO through SMS

Posted on: Thursday, August 20th 2009 and is filed under Press Releases.

Mumbai: Ekkay Magic, a Baroda-based IT services company that focuses on software development and related services, has launched a service that allows investors to apply for an IPO through SMS. “SMS IPO”, a service that can be offered by any broker, allows registered users to ...

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Inflation rises marginally

Posted on: Thursday, August 20th 2009 and is filed under Press Releases.

Aug Inflation for the week ended August 8 rose slightly to (-)1.53 per cent against (-)1.74 per cent in the previous week. Inflation in the corresponding week in the previous year was 12.82 per cent. Prices of food articles continued to rise over the previous week. Bajra and urad prices...

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Centre eases borrowing rules for states

Posted on: Thursday, August 20th 2009 and is filed under Press Releases.

This will enable the States to borrow up to 4% of their respective Gross State Domestic Product (GSDP) during 2009-10 The States will have to suitably amend their respective fiscal responsibility legislation if so required The Union Cabinet on Thursday approved the relaxation of the Deb...

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Now, mutual funds switching to sell-mode

Posted on: Thursday, August 20th 2009 and is filed under Press Releases.

COIMBATORE: With markets remaining patchy due to concerns about poor monsoon and the strength of the global recovery, mutual funds (MFs) are slowly moving to the sell-mode. MFs have net sold equity worth Rs 756.7 crore in this month (up to August 17), data with SEBI shows. The volatility...

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Adani Power shares make disappointing debut

Posted on: Thursday, August 20th 2009 and is filed under Stock News.

MUMBAI: Shares in Adani Power bounced around the issue price of 100 rupees after a shaky opening for India’s first large IPO in 18 months, a performance that may prompt other listing hopefuls to lower their valuation expectations. At 0529 GMT, shares in Adani Power, which raised $...

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Stocks in news: HOEC, HDFC, Sun Pharma, Bharati Ship

Posted on: Thursday, August 20th 2009 and is filed under Market News.

Here are stocks that are in news today: Adani Power to list today, issue price Rs 100 ((grey market premium Rs 10-12)) Sterlite – Sources -Sterlite to raise bid for Asarco to nearly $2.1 billion -Sterlite raises bid to maintain participating interest -Alert: Grupo Mexico raised...

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Intraday calls for 20-08-09

Posted on: Thursday, August 20th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy Hindustan Dorr-Oliver at 133.50, target: 138. Stoploss: 131. If markets show weakness later during the day, Sell: Reliance Industries (below 1870) ...

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Even as a Correction Looms, Investors Aren’t Getting Scared – Wall Street

Posted on: Thursday, August 20th 2009 and is filed under Market News.

While most investment advisors are expecting a fairly substantial stock correction in the coming weeks, few are particularly frightened about the prospect. In fact, the prevailing sentiment among market pros is that investors should be holding steady in their positions or even adding in ...

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Bitter truth: India drought may trigger world sugar crisis

Posted on: Thursday, August 20th 2009 and is filed under Market News.

Beijing: India has enough grain stocks to ride out an expected poor harvest, but the failure of the monsoon adds to global uncertainty about food and grain stocks, the head of an agricultural think tank said on Wednesday. India’s monsoon rains have been 29 per cent below normal sin...

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What the technical charts say?

Posted on: Wednesday, August 19th 2009 and is filed under Stock Research.

MUMBAI: Ispat Industries has seen two consecutive days of bearish sticks and the stock below the 20-day Daily Moving Average (DMA) levels yesterday. A close below 20-day DMA levels indicates weakness in a stock. Here are few more technical details about the stock and nine others. Ispat...

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