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Current market rally to peak off soon: Experts

Posted on: Friday, April 10th 2009 and is filed under Press Releases.

Speaking on the current rally, S Naganath, President and CIO, DSP BlackRock Investment Managers, said the road ahead will be a little more bumpy and in that regard, therefore, this rally probably will be peaking out right now. He, however, added that maybe a mild correction will be ...

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Economy has bottomed out; see +ve IIP no in April: Expert

Posted on: Friday, April 10th 2009 and is filed under Press Releases.

The Index of Industrial Production (IIP) for February has come in at -1.2% as against 9.5% year-on-year and negative -0.5% month-on-month. Atsi Sheth, Chief Economist, Reliance Equities, said the worst was however behind the economy. “IIP at -1.2% was actually ...

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Good Friday…BSE, NSE closed – 10-04-09

Posted on: Friday, April 10th 2009 and is filed under Market News.

For the week the main indices posted gains over 4%. Indian financial markets will be shut on Friday, April 10, on account of Good Friday. This will be the second public holiday this week and third in the month. Markets will be closed again on April 14 due to Ambedkar Jayanti and on April...

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Domestic institutions net buyers of Rs 308cr on 10th April 2009

Posted on: Friday, April 10th 2009 and is filed under Market News.

Domestic institutional investors (DIIs) were net buyers of Rs 308.39 crore (provisional) today, according to data released by BSE.While DIIs made gross purchases of Rs 1,208.45 crore, gross sales totalled Rs 900.06 crore. ...

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RIL set to enter fuel retailing in US, Europe

Posted on: Friday, April 10th 2009 and is filed under Stock News.

Reliance Industries Ltd (RIL), the largest private sector company in the country, is set to enter fuel retailing in the US and Europe, almost a year after it closed retail operations in India. ...

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Americans Were “Living in a Fool’s Paradise” That’s Gone Forever, Soros Says

Posted on: Friday, April 10th 2009 and is filed under Press Releases.

If nothing else, the credit crisis of the past 18 months has debunked the notion of financial market being an all-knowing, self-correcting mechanism that perfectly allocates capital. Even Alan Greenspan admitted as much. ...

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Wells Fargo earnings surprise sends market higher

Posted on: Friday, April 10th 2009 and is filed under Press Releases.

NEW YORK (AP) — Stocks bounded higher Thursday after banking giant Wells Fargo & Co. surprised the market with an early profit report that blew past analysts’ expectations thanks to a strong pickup in its lending business. ...

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Reliance Infrastructure among major gainer

Posted on: Thursday, April 9th 2009 and is filed under Stock News.

Reliance Infrastructure is among major gainers on the Nifty. It had touched an intraday high of Rs 647.90 and an intraday low of Rs 612.85. At 11:54 am, the share was quoting at Rs 643, up Rs 24.80, or 4.01%. ...

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Mkt unlikely to sustain gains after gap up opening: Bhamre

Posted on: Thursday, April 9th 2009 and is filed under Press Releases.

Siddharth Bhamre, Angel Broking: The market might open gap up but is unlikely to sustain gains. I would not advise investors to open fresh shorts now. Data suggest that FIIs have created fresh shorts ...

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Intraday calls for 09-04-09

Markets likely to see a gap up opening. Buy Orbit Corporation for a target of 76. Stoploss: 70 Buy Rohit Ferro Tech for a target of 20.60 (5% circuit). Stoploss: 19.30 If markets show weakness later during the day, short sell: Reliance Industries. ...

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