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Kotak puts ACCUMULATE on Voltamp Transformers

Posted on: Friday, December 12th 2008 and is filed under Brokerage Recommendations.

Voltamp caters to a broad spectrum of industries across the core sector. Within the industries, metals, construction, sugar and cement account for roughly 45-50% of the turnover. Given the sharp correction in metal prices and moderation in demand, several players have cut down on fresh ca...

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GMR to secure Rs2,500 cr road projects from NHAI

Posted on: Friday, December 12th 2008 and is filed under Stock News.

Chandigarh: “Bangalore-based infrastructure company, GMR Group, expects to secure Rs2,500 crore worth road projects from National Highways Authority of India (NHAI) within a year,” a senior official of the company said. ...

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NTPC holds 16.67% in National Power Exchange

Posted on: Friday, December 12th 2008 and is filed under Stock News.

Mumbai: State-run NTPC today said its joint venture firm with NHPC Ltd, Power Finance Corp and Tata Consultancy Services has been incorporated as National Power Exchange Ltd, and it holds 16.67% in the new entity. “NTPC and NHPC contribute 16.67% equity each, Power Finance Corporation c...

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Zimbabwe unveils $500 million note

Posted on: Friday, December 12th 2008 and is filed under Market Outlook.

Harare: Zimbabwe’s central bank Friday introduced a $500 million note, as the African country struggles to cope with the world’s highest inflation and crippling currency shortages. Finance minister Samuel Mumbengegwi announced the new bills in a government gazette, bringing to 29 the ...

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Fertilizer stocks in demand

Posted on: Friday, December 12th 2008 and is filed under Stock News.

Nagarjuna Fertilizer, Chambal Fertilizer and RCF were among the major gainers. Select fertilizer stocks are in demand following reports that the government would issue Rs100bn of 7% 2022 bonds to companies such as Coromandel Fertilisers and Nagarjuna Fertilisers as compensation for losses...

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Auto bailout talks collapse over union wages

Posted on: Friday, December 12th 2008 and is filed under Market News.

WASHINGTON (AP) — A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts. ...

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Intraday calls for 12-12-08

Posted on: Friday, December 12th 2008 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Nifty will see a gap down opening. Nifty has very strong support at 2850-2860.. If we break this level on the downside then the current rally most probably would be over. All holding long positions and short term delivery stocks please keep an eye on this level and stoploss at 2850. If ...

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Global telecoms eye stake in Rel Comm: report

Posted on: Friday, December 12th 2008 and is filed under Market Outlook.

Mumbai: Foreign telecom firms are talking to Reliance Communications about taking a stake of 20 to 26% in India’s second-largest mobile operator, the Economic Times reported, citing a banking source with knowledge of the discussions. ...

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Nifty pauses after rally; may hit 3100

Posted on: Friday, December 12th 2008 and is filed under Market Outlook.

MUMBAI: It was a day of consolidation for benchmarks after a stupendous rally of over 5 per cent in previous trade. Broader indices ended a choppy session on a flat note. Market found support in rate sensitives like realty and banks following the financial stimulus. Shares of metal compa...

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Nifty December futures trim premium, RNRL soars 28%

Posted on: Friday, December 12th 2008 and is filed under Stock News.

MUMBAI: Tracking mixed global cues, Indian stocks ended marginally lower ending the three day winning streak Thursday. National Stock Exchange’s 50-share Nifty ended 0.28 per cent lower at 2920 while, Nifty December futures provisionally settled at a 5 points premium. The premium na...

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