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Market to sag next week; volatility likely ahead of F&O expiry

Posted on: Saturday, February 21st 2009 and is filed under Market Outlook.

MUMBAI: Week after week, investors have been desperately looking for some positive trigger that could help lift market sentiment. However, with the Interim Budget turning out to be a non-event and the global market scenario turning from bad to worse, the outlook for the Indian stock mark...

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Cement shares may rebound near-term; long-term outlook cautious

Posted on: Saturday, February 21st 2009 and is filed under Stock Views.

MUMBAI: Shares of cement manufacturers may rebound in the near-term, led by a pick-up in sales over the next couple of months on account of arise in construction activity just after winter. But, market watchers feel investors should use any such rebound to book profits as the longer-term ...

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Too Late to Sell? Dow Trades Below 7400, Nearing 11-Year Low‏

Posted on: Saturday, February 21st 2009 and is filed under Press Releases.

The Dow opened Friday at six-year closing low and down 47% from its all-time high. Following the path of international markets, the index declined early Friday, trading as low as 7328 before rebounding a bit; in recent trading, the Dow was down 1% at 7395. With the November closing and i...

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How will bidders value Satyam?

Posted on: Friday, February 20th 2009 and is filed under Stock Research.

How does one put a value to Satyam Computer Services when its financial position is not known? This is one question that’s uppermost in the minds of analysts, marketmen and industry experts even as the Company Law Board (CLB) today gave the scam-tainted IT firm’s stake sale plan ...

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ABB India appoints new chairman

Posted on: Friday, February 20th 2009 and is filed under Stock News.

Power and automation major ABB on Friday appointed Gary Steel as the chairman of the Board of Directors of ABB India. Steel who is now the Head of Human Resources and member of the Group of Executive Committee, ABB Group will be an executive chairman of ABB India and will be located in Zu...

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Rupee may fall to 54 per dollar by end-2009

Posted on: Friday, February 20th 2009 and is filed under Press Releases.

MUMBAI: The rupee fell on Friday to end the week down 2 percent against the dollar, its worst performance in nearly two months, as a grim global economic outlook triggered concerns of capital outflows from local shares. The partially convertible rupee ended at 49.72/74 per dollar on Frida...

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L&T to take decision on bidding after studying CLB order

Posted on: Friday, February 20th 2009 and is filed under Stock News.

Mumbai: Larsen and Toubro on Friday said it would soon take a decision on bidding for Satyam Computer Services after studying the CLB order. “(The) CLB order has come only at night, we are studying it. We hope to complete it (the study) by tonight and we will take a decision over th...

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Govt to borrow Rs 746 crore a day

Posted on: Friday, February 20th 2009 and is filed under Press Releases.

Mumbai: The scale as well as speed of debt accumulation of the government is mind-boggling. Before the current fiscal runs out, the Centre would have contracted public debt at the rate of Rs 591 crore per day. This will gallop to a daily rate of Rs 746 crore during 2009-10, going by the p...

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BHEL, GE plan JV for Rlys deal

Posted on: Friday, February 20th 2009 and is filed under Press Releases.

New Delhi: Bharat Heavy Electricals Ltd (BHEL) may soon enter into a joint venture with the General Electric (GE) Company to make 1,000 locomotive engines for the Indian Railways. BHEL will have a minority stake of 23%, with GE being the majority partner with 51% equity stake. ...

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FII net sell at Rs 201cr, DII net buy at Rs 167cr on 20th Jan’09

Posted on: Friday, February 20th 2009 and is filed under Market News.

Foreign institutional investors (FIIs) were net sellers of Rs 201.17 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 956.27 crore, gross sales totalled Rs 1,157.44 crore. ...

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