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Buy Bajaj Auto, target of Rs 1080: Reliance Money

Posted on: Wednesday, May 27th 2009 and is filed under Brokerage Recommendations.

Reliance Money has recommended a buy rating on Bajaj Auto with a target price of Rs 1080 in its May 27, 2009 research report. “Bajaj Auto Ltd (BAL) reported Q4FY09 results which were in below our expectation. Exports revenue remained sluggish due to weak overseas markets. Forex los...

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Accumulate NIIT Technologies: Parag Parikh

Posted on: Wednesday, May 27th 2009 and is filed under Brokerage Recommendations.

Parag Parikh Financial Advisory Services has recommended an accumulate rating on NIIT Technologies in its May 27, 2009 report. “NIIT Technologies reported a subdued Q4 with consolidated revenues down 9% from Q3 at Rs 2270 million from Rs 2485 million. A Rs 221 million loss on accou...

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Nifty has support at 4010: Nirmal Bang

Posted on: Wednesday, May 27th 2009 and is filed under Brokerage Recommendations.

According to Nirmal Bang’s report,the next support is at 4010 from where we could witness buying interest in the frontline stocks. But if nifty fails to hold the level of 4010, then the next level could be 3860. “So remain cautious and trade according to the levels mentioned.” ...

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Market Review for 28th May 2009

Posted on: Wednesday, May 27th 2009 and is filed under Market Outlook.

BSE Sensex: (14110) we said ‘13480 is a very crucial support and if that goes now then the next support is closer to 13000-12270’ the market never breached the crucial support of 13480 and moved up gaining strength…so far the trend is still intact up…volatility is not ruled out on...

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Power full rally on Dalal Street

Posted on: Wednesday, May 27th 2009 and is filed under Market News.

Sensex rallied 520 points or 3.8% to close at 14,019, Nifty gained 159 points or 3.8% to shut shop at 4,276. Indian markets ended the day near day’s high On Wednesday led by gains in the Realty, Banking and the Power stocks. The Sensex rallied 520 points or 3.8% to close at 14,019 aft...

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Reliance Money best equity broking house for 2009: D&B

Posted on: Wednesday, May 27th 2009 and is filed under Press Releases.

MUMBAI: Anil Dhirubhai Ambani Group firm Reliance Money has been adjudged as the best equity broking house for 2009 by research firm Dun & Bradstreet. Besides, Reliance Money has also bagged the top broker award in the largest e-broking house segment of D&B, the company said in...

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Indiabulls Real is consolidating at Rs 195: Deshmukh

Posted on: Wednesday, May 27th 2009 and is filed under Stock Views.

Akshata Deshmukh, Research Analyst, Asian Markets Securities is of the view that Indiabulls Real Estate is consolidating at Rs 195. Deshmukh told CNBC-TV18, “Indiabulls Real Estate is consolidating about Rs 195 odd levels and lot of buying or accumulation per se is taking place aro...

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Buy infra, power, metals stocks on dip: A Deshmukh

Posted on: Wednesday, May 27th 2009 and is filed under Stock Views.

Akshata Deshmukh, Research Analyst, Asian Markets Securities is of the view that one should buy infrastructure, power and the metals stocks on dip. Deshmukh told CNBC-TV18, “The midcaps are clearly the favour of the season and the way the midcaps have rallied in the recent past and...

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US recession to end soon, modest recovery seen: Poll

Posted on: Wednesday, May 27th 2009 and is filed under Press Releases.

WASHINGTON: The US recession is set to end “soon,” but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns, a survey showed. The survey of 45 professional forecasters released by ...

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Over 90% economists see US recession end in ‘09: Poll

Posted on: Wednesday, May 27th 2009 and is filed under Press Releases.

The economy should contract by 2.8 percent this year, the forecasters said in updated projections. That’s worse than the 1.9 percent drop they forecast in late February. If they are right, it would mark the worst annual contraction since 1946, when economic activity fell by 11 perce...

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