NEW YORK (Reuters) – Stocks rallied on Monday as reassuring economic data spurred optimism the recession is abating, overshadowing a long-expected bankruptcy filing by General Motors. The U.S. manufacturing sector contracted in May but at a slower rate than expected and posted its …

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The BSE Sensex may look to hit the 15k levels on Tuesday, provided global cues are supportive. Technically as well, 4,550 look to be a strong resistance levels from where the Nifty turned around on Monday. It was the fourth straight say of gains for Dalal Street as the key indices ended …

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NEW DELHI: GM India has announced that it continues all its normal operations and is not included in the court reinvention process of GM’s US operations. “We believe this step, which was taken with the support of the US government, is the most efficient and effective means for GM to …

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BSE Sensex: (14841) we said ‘technically the trend is still intact up and we may see an assault on the recent high’ the market came very close to the recent high on the Sensex but it certainly did make a new high on the Nifty front…technically the trend is still intact up but as it …

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Angel Broking has upgraded its rating on NIIT from neutral to accumulate with a target price of Rs 55 in its May 29, 2009 research report. “Going ahead, we expect NIIT to clock CAGRs of 11.4% and 14% in Top-line and Bottom-line, respectively over FY2009-11E. The current turmoil in …

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IIFL has downgraded its rating on Steel Authority of India (SAIL) to sell with a 12-month target price of Rs 117 in its report dated May 29, 2009. “SAIL’s 4QFY09 profit, at Rs 14.9 billion, came in substantially higher than our estimate (Rs 9.1 billion) and consensus (Rs 7.4 billion)…

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Angel Broking has maintained its reduce rating on Madras Cements with a target price of Rs 90 in its May 29, 2009 research report. “We expect the domestic cement industry to witness substantial bunching up of capacities over the next couple of years. As per the company’s announce…

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Markets likely to open positive. Nifty has strong resistance at 4520. If we manage to cross this we could see 4800 in short term, else a retracement back to 4300. Buy ONGC for a target of 1210, stoploss: 1145 If markets see profit bookin…

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Vikash Metals & Power Limited (A VKP Group Company), is an insurgence of Impex Group. Incorporated in the year 1996, Vikash Metals started its commercial operations and has leaped into a turnover over 300 crores.“Vikash” brand TMT bars are supplied to leading construction companie…

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Call given at 20, CMP 40. Book 50% profits at 40 and hold the rest for Long term. Celestial Labs has been supporting Pharma, Bio-pharma and Biotech manufacturing with customized ITsolutions and contract research. CLL also involved in the R&D, commercial production and marketing of en…

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