The implementation of India’s low-cost telecom model in the African market seems to have paid dividends for the country’s largest company in the sector, Bharti Airtel, with the company crossing 50 million subscribers in mobile operations. Bharti acquired Zain’s assets in 16 African…
Q2 GDP not disappointing in view of global slowdown: Pranab
Posted on: November 30th, 2011 and is filed under Market News.
Terming the 6.9% economic growth in the second quarter as “lower than expectation”, the Prime Minister’s Economic Advisory Council today said that good performance by farm sector would take annual growth for FY12 to 7.5%. “The growth in second quarter is lower tha…
10 mn jobs in 3 years, says Sharma
Posted on: November 26th, 2011 and is filed under Market News.
Under political attack, the government on Friday put out a strong defence of its decision to allow up to 51 per cent foreign direct investment in multi-brand retail and up to 100 per cent in single-brand retail. The move, it said, would generate about 10 million jobs over three years and…
How to play a bounce when markets correct
Posted on: November 26th, 2011 and is filed under Market News, Press Releases.
Whenever markets correct by 200-300 points (nifty), we tend to see a bounce of 80-100 points. this could be due to short covering or value buying by investors for long term investments. In such cases traders looking to play the bounce, should buy stocks which have corrected a lot. any s…
TECHNICAL VIEW :: Nifty, Reliance ind, Tata motors, TCS & ICICI bank
Posted on: November 25th, 2011 and is filed under Market News, Market Outlook, Techinicals Breakouts NSE BSE.
Below are few stock charts helping understand current trend of these stocks. Click on charts to enlarge Reliance Industries As seen in Reliance Industries chart above, its finding strong support at 750-760 levels. if breaks this level, it can head lower to 690-700 levels. on the upside,…
Markets on a firm ground
Posted on: November 22nd, 2011 and is filed under Market News.
The markets continued to trade on a firm note in the noon deals. The Sensex was at 16,105, up 159 points and the Nifty at 4,815, up 38 points. Earlier in the day, the BSE benchmark opened in the green and the Sensex touched the day’s high at 16,152. Tata Motors was the top gainer …
Wall St. Tumbles on Europe, Recession Worries: Dow Turns Negative for 2011
Posted on: November 22nd, 2011 and is filed under Market News.
By Angela Moon NEW YORK (Reuters) – U.S. stocks tumbled on Monday, with the Dow turning negative for the year, as concerns about heavy debt loads both in the United States and Europe heightened worry about recession and increased volatility. Risky assets like commodities also fell…
Top nine Sensex cos lose Rs 82,000 cr in m-cap
Posted on: November 20th, 2011 and is filed under Market News.
Nine out of the 10 most-valued companies in the country saw a dip of Rs 81,898 crore in combined market capitalisation (m-cap) during the week gone by, with corporate major RIL the worst-hit. However, Bharti Airtel bucked the trend and saw its market valuation surge. During the week, Bh…
Property prices likely to fall by 25 per cent in next quarter
Posted on: November 20th, 2011 and is filed under Market News.
New Delhi: The real estate market, witnessing a big drop in sales and a consequent cash crunch for realtors, is likely to see a sharp decline in prices during the January-March quarter, according to property experts. “The realty market is over-heated at present. We expect prices to…
WEEKLY REVIEW: Sensex sheds 5%, Nifty falls below 5K
Posted on: November 19th, 2011 and is filed under Market News.
The markets logged heavy losses in the week under review on the back of ongoing euro crisis and domestic growth issues. The markets saw red on all five trading days of the week, with the broader markets facing brunt of the selling. Despite leadership changes at Greece and Italy, the fear…
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