Support at 5,150, resistance at 5,300. The market hit a new 52-week high in the first full week of trading. But volumes tapered off and prices dropped towards the weekend. The Nifty closed at 5,244.75 points with a gain of 0.8 per cent after climbing to 5,310. The Sensex was up 0.4 per c…

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Consumer confidence has fallen marginally in India (117 index points), but the country still retains the second spot behind the leader Hong Kong (93), a new Nielsen Global Consumer Confidence survey has stated. The confidence index is measured inversely — the higher the number, the lowe…

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YSR Crash News from exiledonline.com What does the mysterious helicopter crash that killed one of India’s most popular politicians have to do with White House economic czar Larry Summers? Read on… First, the crash: one of India’s most popular politicians, who heads the state of An…

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JSW Energy which had its listing today in NSE and BSE, opened up at its days high of 106.00 and then slipped below its IPO price of 100, it made a Intraday low of 99.90 and finally manged to close at 100.85. The company had raised $579 million in the IPO that was subscribed 1.7 times whe…

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Avoid Fresh Investments in this stock. Current market price: 84.25, Long term target: 168.50. Book value: 166.63. P/E ratio: 2.47 SEL manufacturing company are the manufacturers, exporters of all types of knitted garments. They have in house spinning, knitting, dyeing, Finishing and Ga…

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The Securities and Exchange Board of India (Sebi) has debarred three market players from dealing in securities for three years for manipulating trading in shares of Nissan Copper. “…Sebi has passed an order…Restraining Deven Patel, Tejas Patel and Smitaben N Shah from b…

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ANMI attempts to perusade NSE and BSE to stick to current opening time. A leading association of stock brokers today asked both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) to maintain status quo on trading timings until the infrastructure required for extending the hour…

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Realty developer Godrej Properties, will be listed on the Bombay Stock Exchange (BSE) on January 5. The company had fixed the issue price for its IPO at Rs 490 a share–the lower-end of price band, while the IPO was priced in the range of Rs 490-530 per share. The offer, opened on D…

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A prominent body of Indian stock brokers today demanded both Bombay Stock Exchange and National Stock Exchange to maintain status-quo in their trading hours until adequate infrastructure is in place. “We are of the view that it is necessary to maintain status-quo on the timing, til…

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JSW Energy IPO to list on 4th Jan’ 2010. JSW Energy will opened its Initial Public Offer (IPO) on December 7, to raise Rs 2,700 crore. The issue will close on December 10. SW Energy has 860 Mw of operational generating capacity and 2,790 Mw of generating capacity in the constructio…

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