BSE Sensex: (9035) the market cracked as expected and there is no sign strength so far…we might see some but I would doubt any up moves as that could be a fresh shorting opportunities… ...
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Quotes with Resistance & Support
Market Information
Market Review for 18th February 2009
Posted on: Tuesday, February 17th 2009 and is filed under Market Outlook.
Sector Review: Steel
Posted on: Tuesday, February 17th 2009 and is filed under Brokerage Recommendations.
Macquarie Research: In light of recent news on the renegotiation of coking coal contracts, we have reviewed Indian steel stocks’ positioning within the region and believe that a competitive advantage is returning to Indian companies. Steel prices dipped again in December by around $100/...
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Analysis: Interim Budget 2009-10
Posted on: Tuesday, February 17th 2009 and is filed under Brokerage Recommendations.
Puneet Wadhwa: The UPA government presented its farewell budget (Interim Budget) ahead of general elections slated later this year. While the markets were disappointed that the proposals were devoid of a stimulus package, there were no sops for the Indian taxpayers. Here is an analysis of...
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Company Update: Hindalco
Posted on: Tuesday, February 17th 2009 and is filed under Brokerage Recommendations.
Angel Broking: Hindalco proposes to use its share premium reserves to write off expenses incurred by the company on its international acquisition and domestic expansion. The company’s board has approved a proposal to this effect. ...
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Karur Vysya Bank a market performer: Karvy
Posted on: Tuesday, February 17th 2009 and is filed under Brokerage Recommendations.
Karvy Stock Broking has rated Karur Vysya Bank as a market performer with price target of Rs 232 in its February 17, 2009 research report. “In Q3FY09, Karur Vysya Bank’s (KVB) net interest income grew by 15% (Y/Y) to Rs 1.2 billion marginally higher than our estimates of Rs 1.1 billio...
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Citi rates Tata Steel sell; price target Rs 125
Posted on: Tuesday, February 17th 2009 and is filed under Brokerage Recommendations.
MUMBAI: Tata Steel is a ‘sell’ at Citigroup as it expects steel prices to weaken further amid a global economic slowdown. The investment bank expects Tata Steel’s net profit to decline 60% in 2009-10 and 20% in 2010-11, as against their previous years, even after upgrading its conso...
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Satyam buyer may emerge by Feb end: Parekh
Posted on: Tuesday, February 17th 2009 and is filed under Press Releases.
NEW DELHI: Buyers for fraud-hit Satyam Computer Services are likely to emerge by the end of February, a senior board member said on Tuesday. Asked whether he saw any buyer coming forward for Satyam, Deepak Parekh said: “Yes. By the end of this month.” ...
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RIL making less disclosures: Report
Posted on: Tuesday, February 17th 2009 and is filed under Stock News.
MUMBAI: A leading brokerage house today asked Reliance Industries to increase its disclosure level while pointing out that it was not providing key information like gross debt and cash position and capex breakdown for the past few quarters. ...
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Textile, Infra, Defence to benefit from interim budget
Posted on: Tuesday, February 17th 2009 and is filed under Stock News.
Pranab Mukherjee hosted the interim budget today. He declared several measures for selective sectors in the interim budget. Textiles, Gems & Jewellley Measures: The government extends interest subvention for some export loans. It extends 2% interest subsidy on pre & post ship...
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Expect 5-10% downside in metal space: Mohindar
Posted on: Tuesday, February 17th 2009 and is filed under Press Releases.
Rahul Mohindar of Viratechindia feels that there is good 5-10% downside in metal space. Mohindar told CNBC-TV18, “In terms of the metal stocks, Tata Steel as you mentioned specifically there I again see a declining trend. But the question is do we expect newer lows, do we expect a...
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