MUMBAI: In an extended choppy trade, Indian markets managed to close in positive terrain Thursday on the back of positive cues from the global markets. National Stock Exchange’s 50-share Nifty closed the day 0.48 per cent higher at 2789.35. However, the F&O turnover dropped 25 …

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IIFL has recommended a sell rating on Unitech with a target price of Rs 25 in its February 19, 2009 research report. “We visited Unitech’s slum redevelopment project at Santa Cruz in Mumbai. Though the company indicated that the pace of receiving consents from encroached families …

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Reliance Money has maintained its sell rating on Wipro with a target price of Rs 186 in its February 17, 2009 research report. “Wipro recorded revenue of Rs 65387 million compared to Rs 64094 million in Q2FY09 (Growth of 2% QoQ, 24.9% YoY). IT Services Revenue in dollar terms was 1,…

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Sunidhi Securities & Finance has recommended a buy rating on Corporation Bank with a target price of Rs 195 in its February 17, 2009 research report. “During Q3FY09, total income has gone up by 50 per cent to Rs 1906 crore whereas net profit has gone up 34 per cent to Rs 256 cr…

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The benchmark indices are trading marginally higher amid volatility. Oil & gas exploration, technology, power and auto stocks, HDFC and HDFC Bank are supporting the markets. However, the downtrend continues in HUL, SAIL, ICICI Bank, L&T, BHEL, SBI, ABB, Hindalco and ACC. Broader…

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CHENNAI: Move away from Sensex stocks if you want better returns. A returns analysis of the 2,284 available traded stocks on the Bombay Stock Exchange shows that shares of 808 companies have beaten Sensex this year. Besides, another 600 stocks have delivered positive returns since January…

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MUMBAI: Interest sensitive stocks surged on Thursday, on expectation of a cut in interest rates . The buzz in the market is that the Reserve Bank of India will announce a 50 basis points cut in lending rates towards the end of the week. …

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MUMBAI: Indian equities were witnessing profit booking in frontline stocks after the inflation figures were out. Traders who held on to their positions were getting out after inflation for the week ended February fell to 3.92 per cent against 4.39 per cent in previous week. …

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A saturated demand for new cars in Japan has helped India’s largest car maker by volume, Maruti Suzuki, to post higher sales in India than sales of its parent company Suzuki in Japan in 2008. Sales of Maruti Suzuki India (MSIL) during January-December 2008 stood at 697,850 units wh…

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MUMBAI: HSBC Global research has set a target of 11,000 for the Sensex and 3,600 for the Nifty by the end of 2009. The investment bank expects the Indian economy to start recovering in the second half of 2009-10 (October-March), contrary to the broader consensus estimates in the market, w…

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