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55,000 oil PSU officers on strike from tomorrow

Posted on: Tuesday, January 6th 2009 and is filed under Press Releases.

Nearly 55,000 officers of 14 PSU oil companies have decided to strike work indefinitely from January 7 to seek higher wages, Association of Scientific & Technical Officer’s, Vice President, P K Sharma told reporters here today.The officers of 14 PSUs including ONGC, BPCL, HPCL,...

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Analysts see agro cos yielding high in 2009

Posted on: Tuesday, January 6th 2009 and is filed under Press Releases.

MUMBAI: Martin Taylor, chairman, Syngenta AG, had in April 2008 credited his company’s outstanding performance to the worldwide rise in demand for agricultural products, which found reflection in unusually high price increases. “These rising commodity prices are a greater incentive fo...

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FII flows will be positive in 2009: India Infoline

Posted on: Tuesday, January 6th 2009 and is filed under Market Outlook.

Adopting a contrarian view, Mumbai-based stock broking house India Infoline expects domestic equities market to generate a return of over 30% in 2009. The prediction stems from three broad views – India is relatively better positioned for stronger and faster economic growth than re...

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Intraday calls for 06-01-09

Posted on: Tuesday, January 6th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to open flat. Buy Reliance Infrastructure for a target of 688. Stoploss: 659. Buy Orchid Chemicals above 107.50, target: 113. Stoploss: 106 ...

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Satyam investors urge merger

Posted on: Tuesday, January 6th 2009 and is filed under Press Releases.

HCL, MindTree in the fray. Facing the threat of a hostile takeover by a domestic or overseas company, including private equity firms, Satyam Computer Services’ management and some of its institutional investors are exploring a merger with another software company. ...

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BGR Energy raises Rs 2,105 cr for working cap expenses

Posted on: Monday, January 5th 2009 and is filed under Stock News.

New Delhi: Equipment supplier BGR Energy said on Monday said it has raised Rs 2,105 crore of loan for its working capital requirements from a consortium of five banks, led by public sector giant State Bank of India. The amount is expected to be used for providing working capital for the ...

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Market Review for 6th January 2009: Prakash gaba

Posted on: Monday, January 5th 2009 and is filed under Market Outlook.

BSE Sensex: (10276) the market saw a breakout as expected and has closed positive and the target of 10324 is within reach and beyond that to around 10708. The support for the Sensex is 10190 and the resistance to the up move is at 10324-10708 ...

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Bull stop likely

Posted on: Monday, January 5th 2009 and is filed under Market Outlook.

After surging past the 3100 levels, markets would carry forward the momentum atleast in the morning trades on Tuesday. However, profit booking at higher levels cannot be ruled out. Markets extended gains for third straight trading session in the year as bulls were in complete control over...

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Reliance can head up to Rs 1500: Gujral

Posted on: Monday, January 5th 2009 and is filed under Stock Research.

Technical Analyst, Ashwani Gujral is of the view that Reliance Industries could head up to Rs 1500. After that it can even touch Rs 1650-1700, he added. Gujral told CNBC-TV18, “Reliance has a similar pattern just like the Nifty and this could head up to Rs 1500 and if incase we stay...

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FII net buy at Rs 470cr, DII net buy at Rs 221cr on 05-Jan-09

Posted on: Monday, January 5th 2009 and is filed under Market News.

Foreign institutional investors (FIIs) were net buyers of Rs 469.56 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 1,714.63 crore, gross sales totalled Rs 1,245.07 crore. Domestic institutional investors (DIIs) were net buyers of Rs 220....

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