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Quotes with Resistance & Support

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Technical View:: Nifty, NMDC & Indusind Bank

Posted on: May 31st 2014 in Techinicals Breakouts NSE BSE.

Click on image to enlarge: Nifty: Nifty is in an uptrend. As of now is seeing some profit booking. Has strong support at 7100-7200 levels. If breaks 7100, could head lower to 6950. On the upside if holds onto support levels, can bounce back to 7400. NMDC: NMDC looks strong technically. …

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Technical View:: Nifty & NMDC

Posted on: September 3rd 2013 in Techinicals Breakouts NSE BSE.

Click on image to enlarge. Nifty: Nifty faces strong resistance at 5550 levels (closing basis). On the downside has support near 5400 levels. below this can test 5280-5300 again. On the upside above 5580 can see 5700. NMDC: NMDC had been in a downtrend since almost a year. Recently ha…

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NMDC plans to buyout Aussie mine for $230-mn

Posted on: March 7th 2010 in Market News.

NMDC plans to buyout Aussie mine for $230-mn as a part of its overseas expansion plan. “A non-binding bid of $230 million has been given to the Australian firm for acquiring 70 per cent stake in one of its mines by a consortium comprising NMDC, Saudi Arabia’s ABS Consulting a…

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NMDC eyes 6 foreign assets; may buy stake in Brazil mine

Posted on: February 22nd 2010 in Market News.

PSU firm had earlier entered into pact with Ferrous Group, UK, for developing the mine at an investment of $2.5 bn State-owned NMDC is learnt to be eyeing six overseas properties, including that of UK-based Ferrous Group’s Brazilian mines, in which it may pick up 50 per cent stake…

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Govt identifies 3 PSUs for disinvestment

Posted on: July 17th 2009 in Market News.

The Government of India has identified three public sector undertaking (PSU) companies for disinvestment. It will divest stake in Kudremukh Iron Ore, Manganese Ore and NMDC. Kudremukh is a listed entity with 1% market float, Manganese Ore is an unlisted company owned by the government of …

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Country’s top-10 cos add Rs 32,000 cr in a week; ONGC gains most

Posted on: July 5th 2009 in Stock News.

MUMBAI: The country’s top-10 firms added Rs 32,000 crore to their market capitalisation last week, with public sector oil firm Oil and Natural Gas Corp (ONGC) contributing the major chunk. ONGC added Rs 20,052 crore to its market-cap, taking the total valuation to Rs 2,42,687 cror…

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Top 10 firms lose Rs 5,100 cr last week

Posted on: June 15th 2009 in Press Releases.

The country’s top 10 firms saw their total market capitalisation falling by Rs 5,168 crore last week, with Oil and Natural Gas Corporation (ONGC) losing the most among the pack.The total market valuation of the elite club, comprising four private sector and six state-run companies, …

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NMDC to acquire stake in Kudremukh Iron Ore

Posted on: June 10th 2009 in Stock News.

MUMBAI (Reuters) – State-owned NMDC Ltd will acquire a majority stake in Kudremukh Iron Ore Co Ltd (KIOCL), federal steel minister Virbhadra Singh said on Wednesday. “This partnership acquisition will ensure continuous supply of iron ore to KIOCL from NMDC,” he told re…

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The line-up for disinvestment

Posted on: June 7th 2009 in Press Releases.

By now, it is quite clear that the Government does have divestment of its stakes in PSUs high on its agenda for the next few months. That may well allow investors to buy into a whole range of offers from listed as well as new PSUs. Which companies are likely candidates? Here’s a line-up…

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