Of the 15 components of the Instanex FII Index, 11 were up and four were down. The main gainers were ONGC (+7.03%; weight 4.78%), Bharti Airtel (+5.30%; weight 11.03%) and SBI This week, the Instanex FII Index was up 1.08% at 323.96 and the Instanex DII 15 portfolio was up 1.80%. Nifty w…

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New Delhi With three quarters of all districts receiving deficient rainfall so far and the overall rain deficit worsening since last week, the country seems headed into the worst drought year over the last two decades. Signalling the seriousness of the crisis, the Government set up a 10-m…

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Buy REI Agro at 48.80, target: 50.40. Stoploss: 48.10 If markets show weakness later during the day, Sell: Bajaj Hindustan …

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Sensex surged 498 points or 3.3% at 15,518, NSE Nifty surged by 147 points to shut shop at 4,605. Indian markets ended with healthy gains on Thursday as bulls were on a rampage. Market players appreciated the upbeat Industrial Production data and draft of new Direct Tax Code, especially …

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Mumbai: The initial public offer of the state-run hydropower company, NHPC, was subscribed 23.72 times. The issue, which closed on Wednesday, received bids for 3,979 crore shares against the 168 crore shares on offer, according to the data available on the NSE Web Site. IPOs: India 6th m…

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New Delhi: Larsen & Toubro Ltd (L&T) on Wednesday signed a Rs 4,000-crore agreement to supply power equipment to Jaiprakash Power Ventures (JPVL), a unit of Jaiprakash Associates Ltd. L&T will source the super critical units boiler and steam turbine generator for the 1,320…

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Buy eClerx Services at 332, target: 343. Stoploss :329 Buy Tech Mahindra at 840, target: 862. Stoploss: 831 …

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Fed signals end of government debt-buying program; keeps key bank lending rate at record low WASHINGTON (AP) — The Federal Reserve delivered a vote of confidence in the U.S. economy Wednesday, saying it would slow the pace of an emergency rescue program as the recession appears to…

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Mehraboon Irani, Senior VP-Equity, Centrum Broking is of the view that Rajshree Sugars at valuations looks attractive for a good short-term bet. Irani told CNBC-TV18, “After staying with Dhampur Sugar I have moved on to another sugar stock and all sugar stocks are going up. I have …

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The June Index of Industrial Production (IIP) came in at 7.8% as against 5.4% in year on year and 2.7% last month. Meanwhile the May IIP number has been revised downward from 2.7% to 2.2%. IIP internals snapshot: Manufacturing growth at 7.3% versus 6.1% (YoY) Mining growth at 15.4% ver…

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