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India becomes world’s top market in just one minute

Posted on: Tuesday, May 19th 2009 and is filed under Market News.

CHENNAI: The 2,111-point surge on ‘Magnificent Monday ’ pushed the Indian stock market ahead of competition as the best performing market across the world, giving investors an astounding 48% gains in 2009. With factors like the government’s stability and the Left’s clipped wings,...

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KS Oils to raise Rs 450 cr from equity funds, GDR

Posted on: Tuesday, May 19th 2009 and is filed under Stock News.

NEW DELHI: Edible oil firm KS Oils on Tuesday announced it will raise Rs 450 crore from private equity funds, promoters and a new global depository receipt (GDR) issue. ET had reported the company’s fund-raising plans on Tuesday. PE firm New Silk Route will invest Rs 135 crore in the ...

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Unitech sells properties worth Rs 850 cr since March

Posted on: Tuesday, May 19th 2009 and is filed under Stock News.

NEW DELHI: The country’s second largest realty firm, Unitech, which has decided to focus on affordable housing to improve sales, has sold properties worth Rs 850 crore in last two-and-half months despite slowdown in the realty market. The company has launched projects worth Rs 3,5...

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Sensex swings more than 1,000 points, ends flat

Posted on: Tuesday, May 19th 2009 and is filed under Market News.

The Sensex today opened with a huge positive gap of 474 points at 14,758 on positive cues from the US markets, but soon slipped into the red and touched a low of 13,834.However, aggressive buying in the realty and banking stocks helped the index to rebound into the positive zone and touch...

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Will Sensex touch 20,000 again by December?

Posted on: Tuesday, May 19th 2009 and is filed under Market Outlook.

MUMBAI: The extraordinary spurt in the market on Monday has, understandably enough, made most investors optimistic about the road ahead. While there is fundamental logic supporting daring market predictions, fears of the impact of the ongoing global recession are a niggling worry for some...

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Intraday calls for 19-05-09

Posted on: Tuesday, May 19th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likley to open positive following global queues. Not giving any buy calls as I am not sure if today’s positive opening could sustain if profit booking comes in. If we see profit profit booking later during the day, Short sell: Reliance Industries and IFCI ...

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See 40% upside in 2-3 months: Shankar Sharma

Posted on: Tuesday, May 19th 2009 and is filed under Market Outlook.

Even as the market greeted the UPA result with an upper circuit opening on Monday — something which has happened for the first time in history — Shankar Sharma, Vice Chairman and Joint MD, First Global said the win was an amazing verdict. “This win is the ultimate game changer for ...

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Investors reap Rs 10,000 cr every second in today’s trade

Posted on: Tuesday, May 19th 2009 and is filed under Market News.

MUMBAI: Turning stock market into a money- making machine, the investors added well in excess of Rs 10,000 crore in every second of trade today — a frenzy they must have wished continued beyond just a minute. However, the hopes are still not dashed completely as Dalal Street is pin...

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Market Review for 19th May 2009

Posted on: Monday, May 18th 2009 and is filed under Market Outlook.

BSE Sensex: (14243) we said a ‘2 day breakout is not ruled out’ and we got a beautiful technical breakout from a good consolidation, we are likely to yet again see a sustained up move…. possibly until 21st May 2009, which happens to be as pressure day one more day. The support for ...

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Take profits if 14500 Sensex hits: Brics Securities

Posted on: Monday, May 18th 2009 and is filed under Stock Views.

Anand Tandon, Director Equities, Brics Securities, said one should take some money off the table if 14,500 on the Sensex hits, “because no matter what, the fact to the matter is that at some stage there are other factors other than just liquidity and euphoria which come in play.” Q: ...

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