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Quotes with Resistance & Support

Market Information

Expect Nifty to take support at 4220: Networth

Posted on: June 18th 2009 in Market Outlook.

MUMBAI: Networth expects the markets open lower and Nifty take support at 4220. It sees selling to emerge in oil & gas and commodities. “Markets are expected to open down on the back of global cues; SGX Nifty is trading 25 point up at 4365. The entire OI in the markets decreased t…

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FIIs dump depository receipts on concerns of overvaluation

Posted on: June 18th 2009 in Market News.

MUMBAI: It could be a signal from overseas investors that valuations of Indian shares are stretched and further correction could be around the corner. Foreign investors, who were keen on buying depository receipts (DRs) of domestic companies till some time ago, are now cutting down their…

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In 3 months, Rs 100 could grow to Rs 1.9 cr in Indian market

Posted on: June 11th 2009 in Press Releases.

MUMBAI: In 1999, when he was barely 18 years old and still a student, American Timothy Sykes decided to invest his $12,000 gift money in the stock market. In a little over two years, his investment had grown to $1.65 million. Impressive, no doubt, but it’s still not the stock market in…

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Stock market seems to be quite bullish: says FM

Posted on: June 10th 2009 in Market News.

I hope that the impact of various pro-growth measures would help to turn around the economy soon: FM Following is the text of speech of Finance Minister Shri Pranab Mukherjee at the meeting of Chief Executives of Public Sector Banks/Financial Institutions. “I am pleased to meet you al…

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Pranab Mukherjee vows to protect economy

Posted on: May 26th 2009 in Press Releases.

By Surojit Gupta and Rajkumar Ray NEW DELHI (Reuters) – India’s new finance minister Pranab Mukherjee said on Saturday he would take steps to protect the economy from the adverse impacts of the global slump and promised to return the country to a high growth path. Growth is…

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India becomes world’s top market in just one minute

Posted on: May 19th 2009 in Market News.

CHENNAI: The 2,111-point surge on ‘Magnificent Monday ’ pushed the Indian stock market ahead of competition as the best performing market across the world, giving investors an astounding 48% gains in 2009. With factors like the government’s stability and the Left’s clipped wings,…

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Sensex creates history; two upper circuits in one day

Posted on: May 18th 2009 in Press Releases.

MUMBAI: Markets have stopped trading for the day as the benchmarks hit another upper circuit Monday as soon as the trade resumed after 2 hour break. Investors are euphoric after the United Progressive Alliance emerged victorious in the 2009 general elections. ( Watch ) Bombay Stock Excha…

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Markets to open with a big gap up on Monday: Edelweiss

Posted on: May 17th 2009 in Market Outlook.

Equity markets and Indian rupee are expected to start trading with a huge gap tomorrow, financial services provider Edelweiss Securities said in a report today. “Equity markets are likely to open with a big gap up on Monday, as desperation to deploy excess cash (both by DIIs and…

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Hero Honda to replace Ranbaxy in Sensex

Posted on: May 17th 2009 in Stock News.

MUMBAI: Drug maker Ranbaxy Laboratories Ltd will be replaced in Sensex by motorcycle maker Hero Honda on June 29, the Bombay Stock Exchange said said in a statement on Friday. Japan’s Daicchi Sankyo bought a majority stake in Ranbaxy last year. Japan’s Honda Motor Corp has a …

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FII investment touches $2 billion-mark in 2009

Posted on: May 14th 2009 in Market News.

MUMBAI: Investment by Foreign Institutional Investors in Indian equities has touched the two billion dollar-mark (nearly Rs 10,000 crore) so far this year, which includes a record single day net purchase of Rs 4,085 crore. According to the latest available data on SEBI website, FIIs mad…

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