We said ‘The trading pattern for the week though positive has thrown a crucial support at 13611 and I would maintain the trend as still intact up as long 13611 holds’ The market unfolded and remained positive during the week. Technically the trend is still intact up and there is no …

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BSE Sensex: (14635) we said ‘so far the trend is still intact up and I would watch the crucial support at 14080 and trade long’ and the market closed positive near its high…technically the trend is still intact up and we may see an assault on the recent high… The support for t…

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MUMBAI: The month of May has turned out to be the most fruitful for Dalal Street this year, with investors reaping returns of as much as 28 per cent, the highest gains seen in a decade in the month. The benchmark index Sensex gained about 3,000 points in May settling at 14,625.25 from 1…

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NEW DELHI: Foreign institutional investors (FIIs) have invested almost $1 billion per week in May 2009 in Indian stocks with the overseas investors’ total inflows crossing the $four-billion mark so far this year. The net investment of foreign investors in the stocks of Indian compa…

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NEW YORK: Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing. Oil prices jumped around 30 percent this month, the largest monthly…

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Bharat Petroleum Corporation, BPCL has announced its fourth quarter results. The company’s Q4 net profit was up at Rs 3,628 crore versus Rs 58.4 crore. Its net sales were down at Rs 26,505 crore versus Rs 32,578.6 crore. BPCL said that the total under-recoveries were at Rs 23,575 cror…

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Indian Oil Corporation, IOC has announced its FY09 results. The company’s FY09 net profit was down at Rs 2599.4 crore versus Rs 7912.7 crore, YoY. Its net sales were up at Rs 2,45,721.6 crore versus Rs 2, 08, 948.4 crore,YoY. Its refining margin was down USD 3.69 from USD 9.02, YoY. …

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Angel Broking has recommended a reduce rating on Indraprastha Gas with a price target of Rs 122 in its report dated May 28, 2009. “For 4QFY2009, IGL reported 21.8% yoy jump in Operating Income to Rs 228.5 cr (Rs 187.6 cr), which was marginally above our expectation of Rs 225.8 cr. …

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Emkay Global Financial Services has maintained sell rating on Cummins India with a price target of Rs 195 in its report dated May 27, 2009. “Cummins India reported its Q4FY09 results which included amalgamation of its two subsidiaries, Cummins Auto Services Limited and Cummins Sale…

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Emkay Global Financial Services has recommended a buy rating on Bharti Airtel with a price target of Rs 952 in its report dated May 28, 2009. “Street has raised concerns on large equity issuance (57%) and subsequent EPS dilution of 8-10% in FY10/FY11 (post consolidation of 49% in M…

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