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FII net sales at Rs 417cr, DII net buy at Rs 362cr

Posted on: Wednesday, November 26th 2008 and is filed under Market News.

Foreign institutional investors (FIIs) were net sellers of Rs 416.82 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 1,298.95 crore, gross sales totalled Rs 1,715.77 crore. Domestic institutional investors (DIIs) were net buyers of Rs 36...

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Sensex up 245pts; ICICI Bank rallies 9%

Posted on: Wednesday, November 26th 2008 and is filed under Market News.

A fresh bout of buying in late afternoon deals has boosted the index, and the Sensex is now up 245 points at 8,941. Sterlite has soared nearly 12% to Rs 229. ICICI Bank has zoomed over 9% to Rs 350. HDFC Bank, DLF and Wipro have surged over 5.5% each to Rs 883, Rs 199 and Rs 242, respecti...

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TNEB-Bhel tie-up for 1600 Mw plant in Tuticorin district

Posted on: Wednesday, November 26th 2008 and is filed under Market Outlook.

Tamil Nadu Electricity board and Bhel today signed an agreement for a joint venture agreement to start a 1600 Mw Thermal power plant at Udangudi in Tuticorin district. The venture would be named as Udangudi Power Corporation Ltd, in which TNEB, Bhel and other financial institutions, would...

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Sun Pharma acquires US-based Chattem Chemicals

Posted on: Wednesday, November 26th 2008 and is filed under Press Releases.

Sun Pharmaceutical today said it has acquired US-based drug ingredients manufacturer Chattem Chemicals for an undisclosed amount. The American subsidiary of Sun Pharma has bought Chattem Chemicals from Elcat Inc, the domestic drug firm said in a filing to the Bombay Stock Exchange. ...

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Subex wins order from Telekom Slovenije

Posted on: Wednesday, November 26th 2008 and is filed under Press Releases.

Subex Ltd., a leading global provider of Operations and Business Support Systems (OSS/BSS), announced on Wednesday that Telekom Slovenije, Slovernia’s primary telecom operator, will be implementing the Revenue Operation’s Center’s (ROC) revenue assurance application usin...

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Intraday calls for 26-11-08

Posted on: Wednesday, November 26th 2008 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

I was not able to post calls earlier today due to system releated issues.. Short sell Siemens for a target of 250. ...

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AIG restricts exec compensation, CEO gets a dollar

Posted on: Wednesday, November 26th 2008 and is filed under Market Outlook.

AIG adopts exec compensation, bonus restrictions, CEO Liddy gets $1 annual salary for 2 years CHARLOTTE, N.C. (AP) — American International Group Inc. said Tuesday it is limiting how much it pays its top executives, including granting a $1 salary for this year and the same for 2009...

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FII net sales at Rs 162cr, DII net buy at Rs 155cr

Posted on: Wednesday, November 26th 2008 and is filed under Market News.

Foreign institutional investors (FIIs) were net sellers of Rs 161.88 crore (provisional) today, according to data released by BSE. While FIIs made gross purchases of Rs 1,394.65 crore, gross sales totalled Rs 1,556.53 crore. Domestic institutional investors (DIIs) were net buyers of Rs 1...

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Sensex ends down 208pts; SBI, Reliance drag

Posted on: Wednesday, November 26th 2008 and is filed under Market News.

The Sensex opened with significant positive gap of 258 points at 9,161 on the back of positive cues from the US markets. The index soon touched a high of 9,183, and thereafter pared gains as the day progressed. Significant weakness in select energy, realty and banking stocks dragged the ...

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BHEL, TN govt in JV for power project

Posted on: Wednesday, November 26th 2008 and is filed under Stock News.

State-run Bharat Heavy Electricals (BHEL) has entered into a joint venture with the Tamil Nadu government for setting up 2×800 MW super-critical units at Udangudi, a top company official said.”BHEL will be putting in 26 per cent equity and the Tamil Nadu government the same sta...

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