The market will continue to witness sideways movement, depending on the global cues and FII flows After a long time, the bulls appear to be in some sort of pressure with the main stock indices losing some altitude this week. FIIs seem to be a little wary now of putting fresh money into p…

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WASHINGTON: It’s a difficult balancing act for President Barack Obama and his economic policymakers. Where some economists see “green shoots” of a recovery others see only yellow weeds of continuing recession. It’s hard to know for sure whether things are getting …

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The Foreign Institutional Investors (FIIs) were net buyers of Rs 213.48 crore in futures and options segments on Friday.According to the data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 423.48 crore while sold index options worth Rs 488.31 crore. However, …

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Maximus Securities has recommended a buy rating on Allahabad Bank, with price target of Rs 105, in its report dated June 18, 2009. “At the current price of Rs 75.50 the scrip discounts its estimated EPS of FY10 by 3.08x. The scrip is currently trading at a PE ratio of 4.39x and P/B…

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NEW DELHI: The government will ‘positively’ consider selling 10% stake in state-run engineering firm Bharat Heavy Electrical Ltd, minister of heavy industries Vilasrao Deshmukh said on Friday. The government currently owns 67.7% stake in Bhel and the stake sell can fetch Rs 1…

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Buy INDIAN HOTELS CO LTD CMP 63.90, Target: 70, SL: 59 Looking at the current market volatility the SL has been changed from 61.50 to 59 on 22 June 2009 Call given by Kartik …

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Buy Central Bank of India at 81.20, target: 83.50. Stoploss: 80.30 Buy Opto Circuits at 150, target: 158. Strict stoploss: 147 If markets show weakness later during the day, short sell: Reliance Capital. Please trade in small quantities. …

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The recovery in economic growth and corporate profits will take time to catch up with market performance. At every fall, you could feel better if you pick up something. Markets further lost ground on Thursday extending its losses for second straight trading session. The Realty, Metals, P…

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MUMBAI: India’s gross borrowing target for 2009/10 may be raised to 4-4.25 trillion rupees but revenue from divestment and auction of telecom Money spectrum will mitigate the effect of larger supplies, Edelweiss Securities said on Thursday. At its interim budget, the government h…

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