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Good Friday…BSE, NSE closed – 10-04-09

Posted on: April 10th, 2009 and is filed under Market News.

For the week the main indices posted gains over 4%. Indian financial markets will be shut on Friday, April 10, on account of Good Friday. This will be the second public holiday this week and third in the month. Markets will be closed again on April 14 due to Ambedkar Jayanti and on April…

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Wells Fargo earnings surprise sends market higher

Posted on: April 10th, 2009 and is filed under Press Releases.

NEW YORK (AP) — Stocks bounded higher Thursday after banking giant Wells Fargo & Co. surprised the market with an early profit report that blew past analysts’ expectations thanks to a strong pickup in its lending business. …

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Hold Tata Chemicals, target of Rs 165: PINC Research

Posted on: April 8th, 2009 and is filed under Brokerage Recommendations.

PINC Research has maintained its hold rating on Tata Chemicals with a price target of Rs 165 in its April 06, 2009 research report. “While TCL’s management is confident that current soda ash prices may hold for next 3 months, it sounded cautious on H2CY09 prices outlook. …

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Angel Broking neutral on Sesa Goa

Posted on: April 8th, 2009 and is filed under Brokerage Recommendations.

Angel Broking has recommended a neutral rating on Sesa Goa in its April 02, 2009 research report. “Sesa Goa (SGL), a subsidiary of Vedanta Resources Plc., is India’s largest private player in iron ore exports with combined iron ore reserves of 180 million tonnes. …

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Indian stock market may regain 21,000 levels: Report

Posted on: April 8th, 2009 and is filed under Market Outlook.

NEW DELHI: The Indian stock market has been termed as a potential “baby bull” as the Sensex may continue to advance over next 15 years and is me high level of 21,000 during the period, a report says. …

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Indian stock market may regain 21,000 levels: Report

Posted on: April 8th, 2009 and is filed under Press Releases.

NEW DELHI: The Indian stock market has been termed as a potential “baby bull” as the Sensex may continue to advance over next 15 years and is likely to breach its all- time high level of 21,000 during the period, a report says. At a time when developed markets across the worl…

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Nifty scores above 3300; realty up 4%

Posted on: April 8th, 2009 and is filed under Press Releases.

MUMBAI: Shrugging off negative cues from global markets, Indian stocks showed a stupendous recovery led by short covering and moderate buying in frontline stocks. Superlative gains in realty, consumer durables and FMCG helped the indices overcome intra-day …

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Stock market may correct 15% on polls, earnings worries

Posted on: April 7th, 2009 and is filed under Market Outlook.

New Delhi: The Dalal Street is expected to see a 15% correction over the next 6-8 weeks, as concerns of a hung Parliament and fear of companies’ earnings declining may bear upon the market sentiment, global financial services major Bank of America-Merrill Lynch says. …

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Is economy close to bottoming out?

Posted on: April 7th, 2009 and is filed under Press Releases.

CHENNAI: Did the stock markets smell it ahead of others? The Indian economy is close to bottoming out, says leading research outfit Nomura. …

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Hold Maruti Suzuki India: Sharekhan

Posted on: April 7th, 2009 and is filed under Brokerage Recommendations.

Sharekhan has maintained its hold rating on Maruti Suzuki India in its April 2, 2009 research report. “In the last couple of months, the demand has received a boost on the back of the significant discounts being offered by the company, the easing of the liquidity crisis and attracti…

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