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Top stocks near 52 week low as on 20th Feb’09

Posted on: February 22nd, 2009 and is filed under Stock Research.

Following is list of stocks which are near their 52 week lows. The Last Price of the stocks are as on 20 February 2009.. …

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8 American banks collapse in February

Posted on: February 22nd, 2009 and is filed under Press Releases.

As the financial woes mount in the world’s largest economy, the number of failed American banks are climbing, with eight entities going belly up in February alone. Pushing the total bank failures this year to 14, another entity — Silver Falls Bank, Silverton — has been s…

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Top-10 firms lose Rs 63k cr in a week; RIL leads fall

Posted on: February 22nd, 2009 and is filed under Market News.

MUMBAI: The country’s top 10 firms lost over Rs 63,000 crore from their market capitalisation last week, with Reliance Industries alone accounting for over one-third of the value erosion of the premier club. …

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Satyam finalises terms for investor

Posted on: February 22nd, 2009 and is filed under Press Releases.

Hyderabad: The government-appointed board of the fraud-hit Satyam Computer Services is said to have finalised terms to accomodatea strategic investor. Though no details were revealed, Deepak Parekh, director, said in a statement, “The board on Saturday approved the process to be fol…

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Gold breaches Rs 16,000 level in futures trade

Posted on: February 21st, 2009 and is filed under Press Releases.

Breaking all previous records, gold prices today surged to a new peak at Rs 16,349 per 10 gram in futures trade, as traders increased their exposure in the precious metal following melting stock and forex markets.The metal, which had been on a record-setting spree for the last one week, s…

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Market to sag next week; volatility likely ahead of F&O expiry

Posted on: February 21st, 2009 and is filed under Market Outlook.

MUMBAI: Week after week, investors have been desperately looking for some positive trigger that could help lift market sentiment. However, with the Interim Budget turning out to be a non-event and the global market scenario turning from bad to worse, the outlook for the Indian stock mark…

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Cement shares may rebound near-term; long-term outlook cautious

Posted on: February 21st, 2009 and is filed under Stock Views.

MUMBAI: Shares of cement manufacturers may rebound in the near-term, led by a pick-up in sales over the next couple of months on account of arise in construction activity just after winter. But, market watchers feel investors should use any such rebound to book profits as the longer-term …

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Too Late to Sell? Dow Trades Below 7400, Nearing 11-Year Low‏

Posted on: February 21st, 2009 and is filed under Press Releases.

The Dow opened Friday at six-year closing low and down 47% from its all-time high. Following the path of international markets, the index declined early Friday, trading as low as 7328 before rebounding a bit; in recent trading, the Dow was down 1% at 7395. With the November closing and i…

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How will bidders value Satyam?

Posted on: February 20th, 2009 and is filed under Stock Research.

How does one put a value to Satyam Computer Services when its financial position is not known? This is one question that’s uppermost in the minds of analysts, marketmen and industry experts even as the Company Law Board (CLB) today gave the scam-tainted IT firm’s stake sale plan …

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ABB India appoints new chairman

Posted on: February 20th, 2009 and is filed under Stock News.

Power and automation major ABB on Friday appointed Gary Steel as the chairman of the Board of Directors of ABB India. Steel who is now the Head of Human Resources and member of the Group of Executive Committee, ABB Group will be an executive chairman of ABB India and will be located in Zu…

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