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TCS, Infy, Wipro bag big chunk of BP’s 5-year IT deal

Posted on: August 26th, 2009 and is filed under Stock News.

NEW DELHI: Country’s top three IT companies TCS, Infosys and Wipro today bagged a seizable chunk of five- year outsourcing deal from British oil giant BP. ( Watch ) Spokepersons of all three companies did not disclose the size when asked whether the total deal size is worth $ 1.5 …

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Globus Spirits IPO opens on Aug 31 Listing date Buy or not

Posted on: August 26th, 2009 and is filed under Press Releases.

Mumbai: Delhi-based Globus Spirits announced on Tuesday that its initial public offering would open on August 31. JSW Energy to hit capital market in third week of October The price band for the issue has been fixed at Rs 90-Rs 100. The issue will close on September 2. The company&#8217…

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Tech Mahindra wins $500 million Swan contract

Posted on: August 26th, 2009 and is filed under Stock News.

BANGALORE: Tech Mahindra has won around $500 million outsourcing contract from new telecom entrant Swan Telecom. Swan’s outsourcing contract, which witnessed aggressive bidding from IBM, Wipro and Tech Mahindra, comes at a time when Tech Mahindra is attempting to establish itself in th…

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Intraday calls for 26-08-09

Posted on: August 26th, 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy Tech Mahindra at 890-894, target: 920. Stoploss: 883 If markets show weakness later during the day, Sell: Tata Steel Please trade in small quantities. …

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A first: BSE launches IPO index

Posted on: August 25th, 2009 and is filed under Market News.

To have a minimum of 10 stocks, the index will value companies for 2 years. The Bombay Stock Exchange (BSE) On Monday announced the launch of an index to track the value of companies for two years from the date of their listing after their initial public offers (IPOs). This is the first s…

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Nifty shuts above 4,650 levels

Posted on: August 25th, 2009 and is filed under Market News.

Sensex gained 60 points or 0.4% at 15,688 while, Nifty gained 16 points to shut shop at 4,659. Indian markets extended its upswing for the third straight trading session on Tuesday with the NSE Nifty closing above the 4650 levels. The BSE Sensex has added nearly 450 points in the last 3 …

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Intraday calls for 25-08-09

Posted on: August 25th, 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Sell Bank of Rajasthan at 77.80, target: 74.50. Stoploss: 79.20 If markets show recovery later during the day, buy: Madhucon Projects. …

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Roubini sees “big risk” of double-dip recession: Report

Posted on: August 24th, 2009 and is filed under Press Releases.

NEW YORK: Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world’s recent financial troubles, sees a “big risk” of a double-dip recession, according to an opinion piece posted on a website on Sunday. Roubini, a professor at New Y…

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Nifty at new high…surpasses 4650

Posted on: August 24th, 2009 and is filed under Market News.

At 15:11pm (IST), Sensex surged 417 points at 15,658 and the NSE Nifty surged 123 points at 4,652. Unabated buying have lifted the NSE Nifty above the 4650 levels led by gains in the index heavyweights like Reliance Industries, ICICI Bank, L&T, Infosys, ITC and HDFC. At 3:13 pm (IS…

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