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Unitech sells properties worth Rs 850 cr since March

Posted on: May 19th, 2009 and is filed under Stock News.

NEW DELHI: The country’s second largest realty firm, Unitech, which has decided to focus on affordable housing to improve sales, has sold properties worth Rs 850 crore in last two-and-half months despite slowdown in the realty market. The company has launched projects worth Rs 3,5…

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Sensex swings more than 1,000 points, ends flat

Posted on: May 19th, 2009 and is filed under Market News.

The Sensex today opened with a huge positive gap of 474 points at 14,758 on positive cues from the US markets, but soon slipped into the red and touched a low of 13,834.However, aggressive buying in the realty and banking stocks helped the index to rebound into the positive zone and touch…

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See 40% upside in 2-3 months: Shankar Sharma

Posted on: May 19th, 2009 and is filed under Market Outlook.

Even as the market greeted the UPA result with an upper circuit opening on Monday — something which has happened for the first time in history — Shankar Sharma, Vice Chairman and Joint MD, First Global said the win was an amazing verdict. “This win is the ultimate game changer for …

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Investors reap Rs 10,000 cr every second in today’s trade

Posted on: May 19th, 2009 and is filed under Market News.

MUMBAI: Turning stock market into a money- making machine, the investors added well in excess of Rs 10,000 crore in every second of trade today — a frenzy they must have wished continued beyond just a minute. However, the hopes are still not dashed completely as Dalal Street is pin…

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Investor wealth swells by Rs 6.5 lakh cr in a minute

Posted on: May 18th, 2009 and is filed under Press Releases.

Investors have become richer by a whopping Rs 6.5 lakh crore in just a minute as the Sensex saw a historic 2,111 point rise to the 14,000 level as the markets cheered the decisive win of the ruling UPA government in the Lok Sabha elections.Investor wealth, measured in terms of the combine…

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Piramal Life Sciences to invest Rs 200 cr in R&D

Posted on: May 18th, 2009 and is filed under Stock News.

Piramal Life Sciences, a research and development (R&D) arm of Piramal Group is investing Rs 200 crore in the next two year’s period for its ambitious programme to discover and develop new chemical entitities (NCEs) and Novel Drug Delivery Systems (NDDSs), a top company officia…

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Top Sectors to watch out for

Posted on: May 18th, 2009 and is filed under Press Releases.

Liquidity-starved sectors such as infrastructure and realty could be the biggest beneficiaries of the vote of confidence for the UPA.A clear mandate for the United Progressive Alliance and the continuity of the current government’s policies are likely to keep the markets buoyant. M…

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BSE Sensex crosses 14000 mark

Posted on: May 18th, 2009 and is filed under Market News.

The Bombay Stock Exchange, BSE Sensex, which was halted for two hours, after it hurt the Upper Circuit for the first time in the Indian share market history, has gone up by 2099.21 points and hit another Upper Circuit after the resumption of trading at 11.55 AM. That forced the exchaneg a…

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Sensex creates history; two upper circuits in one day

Posted on: May 18th, 2009 and is filed under Press Releases.

MUMBAI: Markets have stopped trading for the day as the benchmarks hit another upper circuit Monday as soon as the trade resumed after 2 hour break. Investors are euphoric after the United Progressive Alliance emerged victorious in the 2009 general elections. ( Watch ) Bombay Stock Excha…

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Day traders hope to see STT benefit restored

Posted on: May 18th, 2009 and is filed under Market News.

MUMBAI: The broking community hopes that some of its issues of concern, particularly those relating to securities transaction tax (STT), would be addressed by the Congress-led UPA government, which swept to power for the second consecutive term. The Association of National Exchange Memb…

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