Quotes with Resistance & Support
Market Information

Nifty likely to witness range of 2740-2600: Bhambwani

Posted on: Tuesday, March 3rd 2009 and is filed under Market Outlook.

Technical Analyst, Vijay Bhambwani: The markets opened on a weak note and ended with wide spread losses as the selling pressure kept up till the fag end of the session. The benchmark indices lost 3 % at close. ...

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Heard on the Street

Posted on: Tuesday, March 3rd 2009 and is filed under Press Releases.

Ex-Dawnay Day top team to set up co: The former senior management of Dawnay Day AV Financial Services, led by MD and group CEO Arpit Agarwal — who had quit a month ago, is now in the process of setting up an investment company. The venture is believed to be backed by a group of foreig...

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What’s happening in the world now is scary

Posted on: Tuesday, March 3rd 2009 and is filed under Press Releases.

Fed Chairman Bernanke raised eyebrows (and, briefly, the market) last week when said there’s a “reasonable prospect” the economy will bottom this year and be in recovery in 2010. But Berkshire Hathaway’s Warren Buffett disagrees: The economy “will be in sham...

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Market Review for 3rd March 2009 : Prakash Gaba

Posted on: Monday, March 2nd 2009 and is filed under Market Outlook.

BSE Sensex: (8892) the market yet again unfolded as expected sideways and weak and has still not shown any signs of strength so far and I would suspect any move that goes up… The support for the Sensex is 8750-8630 and the resistance to the up move is at 9030-9157. ...

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FII net sell at Rs 580cr, DII net buy at Rs 334cr on 2nd March 09

Posted on: Monday, March 2nd 2009 and is filed under Market News.

Foreign institutional investors (FIIs) were net sellers of Rs 580.43 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 825.22 crore, gross sales totalled Rs 1,405.65 crore. ...

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Reduce Tata Steel, target of Rs 146: Angel Broking

Posted on: Monday, March 2nd 2009 and is filed under Brokerage Recommendations.

Angel Broking has downgraded its rating on Tata Steel from neutral to reduce with a target price of Rs 146 in its February 27, 2009 research report. “For 3QFY2009, Tata Steel posted yoy consolidated Top-line growth of 4% to Rs 33,191 crore (Rs 31,899 crore). ...

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Prabhudas Lilladher underweight on cement sector

Posted on: Monday, March 2nd 2009 and is filed under Brokerage Recommendations.

Prabhudas Lilladher has maintained its underweight rating on the cement sector. Given the strong demand from the infrastructure sector, prices are expected to remain firm across the regions with an upward bias. ...

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Buy Mphasis, target of Rs 240: Emkay Global

Posted on: Monday, March 2nd 2009 and is filed under Brokerage Recommendations.

Emkay Global Financial Services has maintained its buy rating on Mphasis with a price target of Rs 240 in its March 2, 2009 “Mphasis reported superlative Q1FY09 results with revenues at Rs 9777 million (+9.3% QoQ, + 58.1% YoY) and operating profits (EBIT) at Rs 2106 million (+24.4% ...

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Reliance Money negative on IT Sector

Posted on: Monday, March 2nd 2009 and is filed under Brokerage Recommendations.

Reliance Money has maintained its negative view on IT sector. In the last one year it’s been quite a roller-coaster ride for the world economy , with US economy getting the maximum impact and its ripple effect is strongly felt in the Indian IT sector. ...

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Maintain buy on RIL, target price Rs 1550: CLSA

Posted on: Monday, March 2nd 2009 and is filed under Brokerage Recommendations.

Following the Reliance Industries (RIL) and Reliance Petroleum (RPL) merger, CLSA (Credit Lyonnais Securities Asia) has said they will keep a buy on RIL post swap ratio and that they have a target of Rs 1,550 per share. The firm also said that RPL merger will not change RIL EBITDA profile...

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