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Pyramid Saimira promoter sells 6.5 pct stake in co

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

MUMBAI: Cinema operator Pyramid Saimira Theatre Ltd said on Monday a promoter of the company had sold 6.5 per cent of his stake in the company through open market sale. Nirmal Kotecha’s shareholding in Pyramid Saimira will be reduced to 15.5 percent after the sale, according to the...

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Intraday calls for 05-01-09

Posted on: Monday, January 5th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to see a gap up opening. Buy SREI Infrastructure above 46.20 for a target of 48.50. Stoploss: 45. If we see profit booking later during the day, short sell: BHEL ...

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Wkly Tech: Short-term trend positive, but no break-out yet

Posted on: Sunday, January 4th 2009 and is filed under Market Outlook.

The short-term market trend turned positive last week after a gap of a little over three months. The Nifty short-term (20 days) moving average closed above the mid-term (50 days) moving average on December 31, 2008, indicating a change in short-term trend to positive. The trend had been n...

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Is the worst over for Wall Street?

Posted on: Sunday, January 4th 2009 and is filed under Press Releases.

LONDON: Investors begin the first full week of 2009 trading on Monday with one question in mind: Is the worst over? Given that a 38 per cent loss on the broad US S&P 500 stock index last year was actually one of the better performances on stock markets, it is hard for some investors ...

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Trade with strict stop loss; profitable to remain long

Posted on: Saturday, January 3rd 2009 and is filed under Market Outlook.

For the week ended January 2, 2009, Nifty Futures closed nearly 6.49 % higher. In the process, it gave a technical bullish signal of having an upward Bar Reversal pattern. Generally, it gives a very good signal provided, there is follow up support. ...

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Promoter holding in Satyam drops to 5.13%

Posted on: Saturday, January 3rd 2009 and is filed under Press Releases.

The promoter holding in Satyam Computer Services has dropped by over three per cent to 5.13 per cent following share sale by lenders, with whom Ramalinga Raju and family had pledged all their shares. In a stock exchange filing, the company said that Satyam Chairman Ramalinga Raju held 8....

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Markets see revival in govt package

Posted on: Saturday, January 3rd 2009 and is filed under Press Releases.

The government’s second economic stimulus package, along with the Reserve Bank of India’s (RBI’s) decision to further cut policy rates as well as the cash reserve ratio — the amount which banks have to park with the central bank — has shown some hope for the stock markets, sa...

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Government relesese stimulus 2.0, short on punch

Posted on: Friday, January 2nd 2009 and is filed under Press Releases.

The government on Friday unveiled the second and final round of its fiscal stimulus package, soon after the Reserve Bank of India announced cuts in repo and reverse repo rates and cash reserve ratio to fight the economic slowdown. The measures failed to satisfy analysts and observers, th...

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DII net buy at Rs 239cr, FII net buy at Rs 121cr

Posted on: Friday, January 2nd 2009 and is filed under Market News.

Domestic institutional investors (DIIs) were net buyers of Rs 238.52 crore (provisional) today, according to data released by BSE.While DIIs made gross purchases of Rs 910.03 crore, gross sales totalled Rs 671.51 crore. Foreign institutional investors (FIIs) were net buyers of Rs 121.18 ...

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SEBI lodges FIR over Pyramid Saimira theatre episode

Posted on: Friday, January 2nd 2009 and is filed under Stock News.

MUMBAI: Market regulator SEBI on Friday said that it has lodged an FIR with the Mumbai police for “forgery” of its communication in the wake of the Pyramid Saimira theatre episode. “An FIR has been registered at the Bandra-Kurla police station on January 1 to investigate...

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