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Govt to restart futures trade in 4 commodities on Thursday

Posted on: Wednesday, December 3rd 2008 and is filed under Market Outlook.

MUMBAI: Indian commodity markets regulator have allowed exchanges to restart trade in the four suspended commodities from Thursday, its chairman said late on Wednesday. “We have given permission to the exchanges to restart trading,” B.C. Khatua told reporters. Officials at N...

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Metro Cash & Carry to invest Rs 900 cr in Punjab

Posted on: Wednesday, December 3rd 2008 and is filed under Market Outlook.

Metro Cash & Carry, the German wholesale retailer, today said that it plans to invest Rs 900 crore in Punjab to set up six distribution centers.“We have plans to enter Punjab now,” said Martin Dlouhy, managing director of Metro Cash & Carry, India, without mentioning a time ...

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FII net sale at Rs 452cr, DII net buy at Rs 366cr

Posted on: Wednesday, December 3rd 2008 and is filed under Market News.

Foreign institutional investors (FIIs) were net sellers of Rs 452.11 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 888.39 crore, gross sales totalled Rs 1,340.50 crore. ...

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Ranbaxy in marketing pact with BioPro Pharma

Posted on: Wednesday, December 3rd 2008 and is filed under Stock News.

Ranbaxy Laboratories, India’s biggest drug maker, said it is partnering US drug firm BioPro Pharmaceuticals Inc, to sell the latter’s brain tumor drug Gliadel Wafer in the country.Though there is very limited data available on the incidence of brain tumors in India, the company sa...

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Intraday calls for 03-12-08

Posted on: Wednesday, December 3rd 2008 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy ICICI bank around 328 for a target of 336. Stoploss: 323. Buy Punj Lloyd at 134, target: 140. Stoploss: 132. ...

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Sensex ends off lows as realty, power recover

Posted on: Tuesday, December 2nd 2008 and is filed under Market News.

MUMBAI: Equities witnessed a volatile session Tuesday. After wallowing in the red for major part of the session, the indices pulled back sharply to end off lows. Short covering in realty, power and banking led to the recovery while fall in index-heavy weight Reliance Industries capped the...

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