Bangalore: Infosys Technologies, bellwether of the Indian infotech industry, announced sobering results on Wednesday that reflected the worsening global downturn. For the first time ever, the company announced a 1.8% drop in revenues in dollar terms in the quarter-ended March 31. …

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Gitanjali Gems has been the biggest buzzer in today’s trade and is up over 20%. The company has approved a buyback at Rs 120 per share. Gitanjali Gems buy back up to Rs 144 cr at max Rs 120/sh; opens on Apr 17 …

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Buy Hindustan Construction for a target of 64-66. Stoploss: 58 Buy Reliance Infrastructure for a target of 740. Stoploss: 700 if markets show weakness later during the day, short sell: Reliance Industries. Sensex has resistance at 11650. This is 50% retracement from the previous fall f…

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BSE Sensex: (11285) the market has closed positive in a stretched zone but the market has given a fresh breakout in a stretched territory indicating brute strength and so we may see the market heading towards the next logical technical target of 11638 levels but we must also not forget a…

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MUMBAI: Persistent buying by institutional and retail investors helped the stock market indices breach on the upside their key technical levels on Wednesday. Realty, capital goods and power stocks fronted the rally, followed by healthcare and banking. IT was the only sector which closed i…

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Tushar Mahajan, Edelweiss Securities: While the market has been favouring bulls, I would advise caution as we may see some profit booking. Volatility is likely to inch up further. Metal …

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Markets likely to open weak. Short sell Axis Bank with a target of 445. Stoploss: 470 If markets show recovery later during the day, buy: Opto Circuits and NMDC (above 205). …

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We can’t say enough about the joy of having a sharp, articulate, and charming president lead this country through this crisis.  Every time we watch Obama speak, our confidence is restored. That said, we wish Obama didn’t spend so much time hanging out with …

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Foreign institutional investors (FIIs) were net buyers of Rs 580.49 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 2,041.24 crore, gross sales totalled Rs 1,460.75 crore. …

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By Eric Burroughs and Kevin Plumberg HONG KONG (Reuters) – Asian equity markets are likely to run out of steam after leading a one-month rally in global stocks, with the full brunt of the deep global recession yet to be fully …

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