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FIIs net buyers of Rs 692cr in cash mkt today

Posted on: Thursday, April 2nd 2009 and is filed under Press Releases.

Foreign institutional investors (FIIs) were net buyers of Rs 691.56 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 2,709.20 crore, gross sales totalled Rs 2,017.64 crore. ...

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MF industry sees erosion of Rs 8,000 cr in March

Posted on: Thursday, April 2nd 2009 and is filed under Press Releases.

The mutual fund industry witnessed a drop of nearly Rs 8,000 crore in its assets in March, plunging below the Rs 5,00,000-crore mark, even as 12 fund houses, including HDFC MF, saw an addition to their kitty. ...

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RIL gas flows from KG-D6; India to save $9 bn in oil import

Posted on: Thursday, April 2nd 2009 and is filed under Stock News.

New Delhi: Billionaire Mukesh Ambani-run Reliance Industries has begun natural gas production from its deep-sea Krishna Godavari basin fields, a history-making feat that will help India save USD 9 billion in oil imports a year. ...

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Suzlon bags $45 mn order from Duke Energy

Posted on: Thursday, April 2nd 2009 and is filed under Stock News.

Wind turbine maker Suzlon Energy today said its North American-arm has signed an order worth about $45 million for supply of 20 wind turbines with US-based Duke Energy.Suzlon Wind Energy Corp will deliver 20 units of the S88-2.1 megawatt wind turbine to the US firm Duke Energy in July. ...

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‘Ride cautiously once Nifty breaks 3400’

Posted on: Thursday, April 2nd 2009 and is filed under Market Outlook.

MUMBAI: Indian equity benchmarks have shown impressive run in the past few weeks and traders have started eyeing 4000 levels on the Nifty. However, Shrikant S. Chouhan, vice president -technical research, Kotak Securities, advises caution if Nifty breaks 3400. ...

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Bullish breakout to take Nifty to 3450-3650

Posted on: Thursday, April 2nd 2009 and is filed under Market Outlook.

MUMBAI: Nifty has been in an upmove for the past two weeks and Thursday it crossed the strong resistance of 3200. According to Sudhanshu Pandey, technical analyst at LKP Shares, the 50-share NSE index is likely to break out and touch 3450-3650 in next two months. ...

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Tata Motors in top gear…stock up 14%

Posted on: Thursday, April 2nd 2009 and is filed under Stock News.

At 13:49pm (IST), Shares of Tata Motors have rallied by over 14% to Rs205. Shares of Tata Motors have rallied by over 14% to Rs205 after hitting an intra-day high of Rs207 and a low of Rs182 and has recorded volumes of over 9.8mn shares on NSE. ...

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Nifty breaks out of 3200; Tata Motors, DLF gain

Posted on: Thursday, April 2nd 2009 and is filed under Market News.

MUMBAI: Indian markets rallied on Thursday as investors aggressively bought realty, banks and metal stocks. Sentiments in the global markets were upbeat after US housing data showed some positive surprise. ...

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Intraday calls for 02-04-09

Posted on: Thursday, April 2nd 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy JSW Steel for a target of 263. Stoploss: 249 Buy State Bank of India for a target of 1110. Stoploss: 1070 If markets show weakness later during the day, short sell: Sesa Goa. I won’t be online today as I am going out of town… Have a good day.. ...

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Stock market looks anxiously to Lok Sabha polls

Posted on: Wednesday, April 1st 2009 and is filed under Press Releases.

MUMBAI: The stock market is riding a global rally and is hoping a major party wins a strong hand at coming elections, but could be beaten back if a fractious group of parties including Communists gains influence at the polls. ...

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