Problems with Greek debt are about to spread to other countries and could infect the US unless the nation tackles its own mounting problems, Pimco’s Mohamed El-Erian told CNBC About an hour or so after El-Erian spoke, global stocks sold off sharply with major US averages shedding m…

Read More..

Gulf region developing into one major hub; firm says it wants wide global customer base. Larsen & Toubro (L&T), India’s largest engineering, construction and technology company, is aggressively expanding its footprint across various places abroad, as part of a vision to b…

Read More..

Markets likely to see a slightly lower opening. Support for nifty is at 5050 and resistance at 5160 Buy Everest Industries Ltd at above 238, target: 247. Stoploss: 233. no btst call for today.. continue to hold religare with sl at 410-413 …

Read More..

Markets likely to see a gap down opening. Nifty has support near 5030 and resistance at 5160 If markets show recovery later during the day, buy: Nagarjuna Construction above 182 and Shre…

Read More..

Some respite could be in store for sugar companies as per the latest development.. The government will consider reinstating the tax (Import Duty) after assessing cane production, said Pawar …

Read More..

Markets likely to see a flat opening. Support for nifty is at 5200 and resistance at 5320. Buy Hyderabad Industries Ltd at 667.70, target: 684. Stoploss: 658 10.11am – Book profits in btst call SRF at 232.80 …

Read More..

SJVNL, which is planning to raise about Rs12bn via the IPO, has fixed a price band of Rs23-26 per share. The IPO of Satluj Jal Vidyut Nigam Ltd. (SJVNL) was subscribed 6.48 times as of 5:00 pm today, the last day for subscription, according to the NSE web site. The public sector hydro-p…

Read More..

The Rs 1,000-crore initial share sale offer of state-run hydro power producer SJVNL, which is the first public issue of a PSU in the current fiscal, has received good response from investors and got subscribed 1.16 times on its final day today. The initial public offer (IPO) got bids fo…

Read More..

Markets likely to open slightly lower. Support for nifty is at 5200 and resistance at 5320. If markets show recovery later during the day, buy: Ashok Leyland Ltd and HCL Technologies Ltd<... Read More..

The initial public offerings of Jaypee Infratech and state-run power producer Satluj Jal Vidyut Nigam (SJVN) remained undersubscribed on Day 2. They have been subscribed 87% and 86% so far, as per the data available on the Nseindia.com Jaypee Infratech’s IPO, which closes on May 4…

Read More..