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Bulls on rampage…Nifty ends above 4,600

Posted on: Thursday, August 13th 2009 and is filed under Market News.

Sensex surged 498 points or 3.3% at 15,518, NSE Nifty surged by 147 points to shut shop at 4,605. Indian markets ended with healthy gains on Thursday as bulls were on a rampage. Market players appreciated the upbeat Industrial Production data and draft of new Direct Tax Code, especially ...

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NHPC public issue subscribed 23.7 times

Posted on: Thursday, August 13th 2009 and is filed under Press Releases.

Mumbai: The initial public offer of the state-run hydropower company, NHPC, was subscribed 23.72 times. The issue, which closed on Wednesday, received bids for 3,979 crore shares against the 168 crore shares on offer, according to the data available on the NSE Web Site. IPOs: India 6th m...

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Prism Cement can touch Rs 79: Ashwani Gujral

Posted on: Thursday, August 13th 2009 and is filed under Stock Views.

Technical Analyst, Ashwani Gujral is of the view that Prism Cement can touch Rs 79. Gujral told CNBC-TV18, “Prism Cement again had one day worth of break and if overall cement sector has kind of bottomed out, then this stock would outperform. You have support here at Rs 48 and it c...

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L&T bags Rs 4,000-cr Jaiprakash power plant order

Posted on: Thursday, August 13th 2009 and is filed under Stock News.

New Delhi: Larsen & Toubro Ltd (L&T) on Wednesday signed a Rs 4,000-crore agreement to supply power equipment to Jaiprakash Power Ventures (JPVL), a unit of Jaiprakash Associates Ltd. L&T will source the super critical units boiler and steam turbine generator for the 1,320...

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Stocks in news: Unitech, Mah Satyam, Rallis India, L&T

Posted on: Thursday, August 13th 2009 and is filed under Market News.

MSCI adds Unitech, Mahindra Satyam to global standard indices Power Ministry Says -Price decided by EGoM (empowered group of ministers) has no relation to RIL-NTPC case -Unaware of legal advise to NTPC on gas dispute with RIL -Increasing planned UMPPs in first phase to 13 from 9 NHPC...

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Intraday calls for 13-08-09

Posted on: Thursday, August 13th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy eClerx Services at 332, target: 343. Stoploss :329 Buy Tech Mahindra at 840, target: 862. Stoploss: 831 ...

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Fed more hopeful on economy; holds record low rate – Wall Street

Posted on: Thursday, August 13th 2009 and is filed under Market News.

Fed signals end of government debt-buying program; keeps key bank lending rate at record low WASHINGTON (AP) — The Federal Reserve delivered a vote of confidence in the U.S. economy Wednesday, saying it would slow the pace of an emergency rescue program as the recession appears to...

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Rajshree Sugars a good short term bet: Irani

Posted on: Wednesday, August 12th 2009 and is filed under Stock Views.

Mehraboon Irani, Senior VP-Equity, Centrum Broking is of the view that Rajshree Sugars at valuations looks attractive for a good short-term bet. Irani told CNBC-TV18, “After staying with Dhampur Sugar I have moved on to another sugar stock and all sugar stocks are going up. I have ...

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June IIP sees stupendous recovery; at 7.8% v/s 5.2% YoY

Posted on: Wednesday, August 12th 2009 and is filed under Press Releases.

The June Index of Industrial Production (IIP) came in at 7.8% as against 5.4% in year on year and 2.7% last month. Meanwhile the May IIP number has been revised downward from 2.7% to 2.2%. IIP internals snapshot: Manufacturing growth at 7.3% versus 6.1% (YoY) Mining growth at 15.4% ver...

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Intraday calls for 12-08-09

Posted on: Wednesday, August 12th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to see a gap down opening. If markets show recovery later during the day, buy: Chambal fertilzers and GVK power. Chambal fertilizers has strong support at 46.50-47.. Its near its 200 DMA of 46.80 and has made a double bottom at 47. Stock is also in oversold territory and...

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