Quotes with Resistance & Support
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FIIs buy more shares than DLF promoters in buyback period

Posted on: May 7th, 2009 and is filed under Stock News.

Promoters of realty major DLF today said they could acquire about 76.4 lakh shares in its just concluded buyback offer that continued for about seven months, but overseas investors purchased over ten times more shares during the same period. …

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Market Review for 8th May 2009 : Prakash Gaba

Posted on: May 7th, 2009 and is filed under Market Outlook.

BSE Sensex: (12117) we said the market is in consolidation and the days trading confirmed that the market is in a consolidation and as assault a fresh up move has generated on technical front, which should take the market up to its next logical …

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JSW Steel zooms 11%, company gets back in black

Posted on: May 7th, 2009 and is filed under Stock News.

JSW Steel has rallied on news that the company today reported turnaround in net profit as against a loss of Rs 49 crore reported in the quarter ended December, 2008. The stock has zoomed over 11% to Rs 424 on volumes of around 2.13 million shares …

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Markets up on buying support

Posted on: May 7th, 2009 and is filed under Market News.

The Bombay Stock Exchange benchmark Sensex on Friday opened higher by 63 points on sustained buying by funds amid investors covering their pending positions. The 30-share barometer, which had gained 164.19 points in previous day’s trading, …

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Birla Corporation moves up ahead of results

Posted on: May 7th, 2009 and is filed under Stock News.

Shares of Birla Corp have surged by over 4% to Rs208 ahead of the quarterly results o be announced later in the day. The scrip has touched an intra-day high of Rs211 and a low of Rs203 and has recorded volumes of over 70,000 shares on NSE. …

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Sensex reclaims 12000; metals, banks lead

Posted on: May 7th, 2009 and is filed under Market News.

MUMBAI: Equities opened higher Thursday after last hour selling pressure in the previous session. Buoyant cues from global shores aided the positive sentiment. All sectoral indices posted decent gains. Bombay Stock Exchange’s Sensex was up 111 points …

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Intraday calls for 07-05-09

Buy Core Projects at 105.90, target: 111. Stoploss: 103 Buy Zuari Industries at 200, target: 210. Stoploss: 197 If markets show weakness later during the day, short sell: DLF below 238, target 228. Stoploss: 242 …

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Amex, JPMorgan, Bank of New York Mellon pass tests

Posted on: May 6th, 2009 and is filed under Press Releases.

WASHINGTON (AP) — At least three of the nation’s 19 largest banks have passed government stress tests of their financial strength. American Express Co., JPMorgan Chase & Co. and …

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Reliance Capital buys HBL Power’s shares worth Rs 30.3 cr

Posted on: May 6th, 2009 and is filed under Stock News.

MUMBAI: Anil Dhiru Bhai Ambani Group firm Reliance Capital has bought 17.41 lakh equity shares of battery maker HBL Power Systems for over Rs 30.31 crore. According to bulk deal data available on the Bombay Stock Exchange, Reliance Capital purchased 17,41,000 equity shares of HBL Power at…

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Market Review for 7th May 2009

Posted on: May 6th, 2009 and is filed under Market Outlook.

BSE Sensex: (11952) the market has broken the 12000 support but has not cracked and stayed put…this seems to be more like a consolidation after a 700 point single day rise…a further sideways consolidation is not ruled out and we must not forget that the market has a strong resistance …

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