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Sun Pharma extends Taro share purchase offer to December 19

Posted on: Saturday, November 8th 2008 and is filed under Stock News.

In a statement issued today, Sun said the offer by its subsidiary Alkaloida Chemical has been extended to comply with an order of the Supreme Court of Israel. The court had prohibited the closure of the offer till it decides on Taro’s appeal against the deal. The Tel Aviv District C...

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JSW Steel to slash output by 20%

Posted on: Saturday, November 8th 2008 and is filed under Stock News.

Sajjan Jindal-controlled JSW Steel will cut production by 20 per cent starting this month in the wake of the current market turmoil. According to a company release, JSW will utilise the time for general maintenance of its facilities. The company plans to rationalise its product-mix as wel...

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Buy Aban Offshore

Posted on: Friday, November 7th 2008 and is filed under short term calls.

Aban Offshore can bought at current market price of Rs.950. Company has posted very good results this quarter and is expected to do well in future. It is India’s largest offshore drilling contractor in the private sector, offering world-class drilling and oil field services for of...

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Intraday calls for 07-11-08

Posted on: Friday, November 7th 2008 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to open weak.. If markets show recovery later during the day, buy: Lanco infratech and Reliance Industrial Infrastructure. ...

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Best Indian share tips available free: 07 Nov

Posted on: Friday, November 7th 2008 and is filed under Stock Research.

1. Online stock trading with winning tips daily: Yesterday I had correctly predicted the level of National stock exchange (Nifty) level of 2984 as a make or break level. The study of open interest suggests that market has a negative bias and thus Nifty can touch 2800 level. At best Nifty ...

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FIIs sell equities worth Rs 511 cr

Posted on: Thursday, November 6th 2008 and is filed under Market News.

MUMBAI: Foreign Institutional Investors sold off equities worth Rs 511.53 crore, amid the Bombay Stock Exchange barometer index Sensex losing 386 points today. FIIs invested in shares worth Rs 1,479.54 crore and shed stocks valued at Rs 1,991.07 crore, resulting in net sales of Rs 511.53 ...

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Indices end sharply lower as inflation rises

Posted on: Thursday, November 6th 2008 and is filed under Market News.

MUMBAI: Equities recouped from day’s highs to end sharply lower as higher than expected inflation spooked sentiments. Metals and oil&gas stocks were under pressure while realty and healthcare stocks ended flat. Inflation for the week ended October 25 was at 10.72 per cent against 1...

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S&P keeps Tata Motors on junk rating

Posted on: Thursday, November 6th 2008 and is filed under Market Outlook.

NEW DELHI: Global credit rating agency Standard & Poor’s on Wednesday said it has affirmed a rating of non-investment grade for auto major Tata Motors while removing it from credit watch. The agency has assigned the company a corporate credit rating of ‘BB’ (non-inv...

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KLG Systel bags Rs 132cr order from Punjab

Posted on: Thursday, November 6th 2008 and is filed under Stock News.

IT firm KLG Systel today said it has bagged an order worth Rs 132 crore from the Punjab government for commissioning of power stations. In a filing to the Bombay Stock Exchange, the firm said its power system solution division has won the contract from Punjab State Electricity Board. Unde...

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Sensex down over 400pts; Bharti Airtel sheds 8%

Posted on: Thursday, November 6th 2008 and is filed under Market News.

Mumbai: The Sensex is now down 408 points at 9,712. Tata Steel has slumped nearly 13% to Rs 188. Tata Motors have plunged 12% to Rs 160. Sterlite has shed 10.5% at Rs 240. Hindalco has tumbled 9% to Rs 56. Bharti Airtel has shed 7.7% at Rs 632. Reliance and Grasim have slipped nearly 6% e...

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