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Stocks in news: IndusInd Bank, Ranbaxy, Sun Pharma, PTC

Posted on: Wednesday, August 12th 2009 and is filed under Market News.

Alert: June IIP data today RIL-NTPC gas dispute: from agencies -RIL files caveat in SC ahead of NTPC appeal -NTPC expected to move SC against Bombay HC ruling in July -Bombay HC allowed RIL to amend plea in gas dispute with NTPC Exclusive: IndusInd Bank -QIP issue closes; raises $10...

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161 districts face drought, but it’s no panic: Govt

Posted on: Wednesday, August 12th 2009 and is filed under Market News.

New Delhi: More than a quarter of India’s districts are facing the threat of drought and the sowing of crops nationally is 20 per cent lower than in the previous year, Finance Minister Pranab Mukherjee said on Tuesday. While many of these districts are not major crop producers, the...

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Stocks fall as traders await Fed’s take on economy – Wall Street

Posted on: Tuesday, August 11th 2009 and is filed under Market News.

Stocks slide as investors look to Fed for read on economy; wholesale inventories fall NEW YORK (AP) — Traders are turning cautious about the prospects for the economy. Stocks skidded Tuesday as the Federal Reserve began a two-day meeting that could provide new insight into how the...

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Oil India IPO to hit market on September 7

Posted on: Tuesday, August 11th 2009 and is filed under Press Releases.

Mumbai: Oil India Ltd (OIL) will hit the market with an initial public offering (IPO) on September 7. The offer will be open from September 7 to 11, a source close to the development said. The price band for the IPO is likely to be fixed on August 25, the source said. OIL management is c...

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OIL may price IPO at Rs 1,000-1,100 a share

Posted on: Tuesday, August 11th 2009 and is filed under Press Releases.

New Delhi: Oil India Ltd (OIL), the second state-run firm to hit the market with an offering of equity shares this year, may price its IPO that opens on September 7 at Rs 1,000-1,100 a share. OIL is looking at pricing its initial public offering (IPO) at closer to the prevailing share pr...

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FIIs turn net-buyers worth $6.4 billion in June quarter

Posted on: Tuesday, August 11th 2009 and is filed under Market News.

Take a fancy to realty, banking & finance, engineering and oil & gas.Initial signs of recovery in world economies, a stable government in New Delhi and the positive impact of its stimulus packages substantially improved the sentiments of foreign institutional investors (FIIs) in...

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Nifty ends above 50DMA

Posted on: Tuesday, August 11th 2009 and is filed under Market News.

Sensex gained 65 points or 0.4% at 15,074 while, Nifty ended higher by 34 points to shut shop at 4,471. Indian markets were back in action on Tuesday snapping a three day losing streak. The NSE Nifty index managed to take support at the 4,398 levels which is close to the 50 Day Moving Av...

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Bob Prechter “Quite Sure” Next Wave Down Will Be Bigger and March Lows Will Break -Wall Street

Posted on: Tuesday, August 11th 2009 and is filed under Market News.

In late February, Robert Prechter of Elliott Wave International said “cover your shorts,” and predicted a sharp rally that would take the S&P into the 1000 to 1100 range. With that prediction having come to pass, Prechter is now saying investors should “step aside&...

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Stock futures little changed ahead of Fed meeting – Wall Street

Posted on: Tuesday, August 11th 2009 and is filed under Market News.

Stock futures little changed as Federal Reserve begins meeting; productivity surges NEW YORK (AP) — Stock futures are little changed Tuesday as the Federal Reserve begins a two-day meeting that could provide new signs into how the economy is faring. A new report showing industria...

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Strides Arcolab ready to supply Swine Flu drug

Posted on: Tuesday, August 11th 2009 and is filed under Stock News.

Drug firm Strides Arcolab today said it is in a position to supply Oseltamivir Capsules, the only available medicine against Influenza A HINI virus (Swine Flu), to meet the demand both from domestic and overseas market. “Strides is fully geared to meet significant supply of the ...

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