Quotes with Resistance & Support
Market Information

Mold Tek buys two firms for $700,000

Posted on: Thursday, February 12th 2009 and is filed under Stock News.

Mumbai: Mold Tek Technologies Ltd on Thursday said it has signed a pact to acquire the assets and business of US company, RMM Global, Ohio, and TechNet Engineering Services, Mumbai for $700,000. RMM and TechNet provide structural steel detailing services for clients in the US, the compan...

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UTI close to 26% stake sale

Posted on: Thursday, February 12th 2009 and is filed under Stock News.

Mumbai: UTI Asset Management is close to selling a 26 per cent stake for $175-$200 million to one of at least four investors and private equity firms, valuing the firm at 7-8 per cent of end-January average assets, banking sources said. ...

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All are equal: Sebi to consider uniform face value of shares

Posted on: Thursday, February 12th 2009 and is filed under Stock News.

The Securities and Exchange Board of India (Sebi) is considering its Primary Market Advisory Committee’s recommendation to introduce a uniform face value system for all listed companies. At present, companies decide their individual face value between Rs 1 and Rs 100.According to the re...

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51 sectors devalued below market indicators in 13 months

Posted on: Thursday, February 12th 2009 and is filed under Press Releases.

MUMBAI: Much beyond what benchmarks can reveal, fifty-one sectors, out of a broader group of 66 industrial sectors, have got devalued over the past 13 months, well below their narrowly-represented market indicators. While the collective valuation of BSE companies declined over 58% durin...

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Nifty likely to breach 2965: FinQuest Securities

Posted on: Thursday, February 12th 2009 and is filed under Market Outlook.

According to FinQuest Securities’ report, today Nifty seems likely to breach the crucial resistances of 55 day EMA and the 61.8% at 2965 and head higher towards 3000/3050. FinQuest Securities’ report: ...

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Govt to infuse Rs 38 bn in UCO, CBI, Vijaya Bank

Posted on: Thursday, February 12th 2009 and is filed under Press Releases.

The cabinet on Wednesday approved a government proposal to infuse Rs 38 billion into three state-run banks in two tranches spread over FY09 and FY10, Home Minister Palaniappan Chidambaram said. UCO Bank will get 12 billion rupees in fund infusion– 4.5 billion rupes in FY09 and the r...

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Asia’s credit growth slowing when it’s most needed

Posted on: Thursday, February 12th 2009 and is filed under Press Releases.

By Kevin Plumberg, Asia Asset Allocation Correspondent HONG KONG (Reuters) – A crash in Asian exports has led to a rise in bad loans and a slump in credit growth in the region’s economies, trends that will crucially prevent them from becoming more independent of developed wor...

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Congress, Obama clear way for huge stimulus

Posted on: Thursday, February 12th 2009 and is filed under Press Releases.

WASHINGTON (AP) — Moving with lightning speed, the Democratic-controlled Congress and White House agreed Wednesday on a compromise $790 billion economic stimulus bill designed to create millions of jobs in a nation reeling from recession. President Barack Obama could sign the measur...

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Intraday calls for 12-02-09

Markets likely to open weak. Nifty has good support at 2870. If markets show recovery later during the day, buy: Reliance capital and Adlabs (above 171.50). ...

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DLF close to Rs 2000cr debt deal

Posted on: Thursday, February 12th 2009 and is filed under Stock News.

New Delhi: DLF Ltd, the country’s largest real estate developer, is expected to secure Rs 2,000 crore of long-term debt in two weeks from public sector banks and other financial institutions. The company has already secured another Rs 1,000 crore of long-term debt over the last few ...

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