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Bulls on strike…Nifty ends below 4600

Posted on: Thursday, August 6th 2009 and is filed under Market News.

Sensex slipped 390 points or 2.4% at 15,514 while, Nifty ended lower by 109 points to shut shop at 4,585. Indian markets registered their biggest fall of the month on Thursday with the NSE Nifty index breaking below the crucial 4,600 levels. Markets witnessed heavy offloading in the last...

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Textile industry to get Rs 2,550 cr in 72-hours: Maran

Posted on: Thursday, August 6th 2009 and is filed under Press Releases.

The government today said the textile industry will get Rs 2,546 crore under the Technology Upgradation Fund Scheme (TUFS) within three working days, which is seen as a stimulus to the sector impacted by slump in global commerce.”…Rs 2,546 crore (under TUFS) will reach the ben...

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Rainfall woes weigh on market

Posted on: Thursday, August 6th 2009 and is filed under Market News.

MUMBAI: Traders pressed the panic button towards the fag end of the session Thursday, after reports suggested that below-than-expected rainfall BSE Volatility in the stock markets Measuring market volatility Ten hot money-spinners in India Long term plan for better returns Should y...

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STOCKS TO WATCH: Bharti Airtel, NMDC, REC, Unitech

Posted on: Thursday, August 6th 2009 and is filed under Stock News.

MUMBAI: The Indian rupee strengthened on Wednesday boosted by losses in the dollar against major currencies overseas but traders would be watching the local sharemarket open for further direction. The currency was trading at 47.62/63 dollar, from previous close of 47.73/74. Oil prices ed...

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Intraday calls for 06-08-09

Posted on: Thursday, August 6th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to open flat. Nifty has strong resistance at 4730 and support at 4620. Stocks to watch for breakout: Buy Voltas above 147, target: 153. Stoploss: 144.50 Buy Glenmark Pharma above 276, target: 288. Stoploss: 272. If markets show weakness later during the day, sell: Hinda...

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Weak economic data puts stock market rally on hold

Posted on: Thursday, August 6th 2009 and is filed under Market News.

Wall Street rally goes on hold after report of weakening business at service companies NEW YORK (AP) — Wall Street’s summer rally is on hold as reminders of the economy’s weakness give investors reason to take some profits. Stocks fell moderately Wednesday after an un...

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L&T seeks regulatory nod to sell Satyam stake

Posted on: Wednesday, August 5th 2009 and is filed under Market News.

BANGALORE (Reuters) – Larsen & Toubro Ltd (LT.NS : 1516.2 -3.15) has sought permission from market regulators to sell its stake in outsourcer Mahindra Satyam (SATYAM.BO : 112.95 +5.8) Ltd, a spokesman for the engineering and construction major said. L&T, which operates i...

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TRAI puts new telecom licences on hold

Posted on: Wednesday, August 5th 2009 and is filed under Market News.

India’s telecoms regulator TRAI has asked the government not to issue new licences until it decides whether there is a need for more players in the crowded market, a move that could further delay entry of firms such as ATandT. The Telecoms Regulatory Authority of India (TRAI) has a...

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Intraday calls for 05-08-09

Posted on: Wednesday, August 5th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Sell Bharat forge at 242.50, target: 233. Strict stoploss: 246 Buy ACC above 909, target: 925. Stoploss: 900 ...

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Stocks in news: ABG Ship, Great Off, Rel Infra, HCL Tech

Posted on: Wednesday, August 5th 2009 and is filed under Market News.

Mint Exclusive: Sources -Tata Motors in talks with SBI for JLR loan; -SBI to counter-guarantee UK Govt guarantee ABG Shipyard -Ups Great Offshore open offer price to Rs 520/share -Says bought 1.5 lakh Great Offshore shares on Monday at average of Rs 498.4/share Cairn India says -Di...

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