Motilal Oswal has maintained its buy rating on Nestle India, in its report dated May 18, 2009. “In 1QCY09, Nestle India reported 10.7% (11.8% excluding discontinued products) growth in domestic volumes and 25% decline in export volumes as against overall volume growth of 16.9% in C…
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Will Sensex break 1991 record by rising 35%?
Posted on: May 21st 2009 in Market Outlook.
A clear mandate to the Congress in the 15th Lok Sabha elections saw the Sensex shooting up 17% in a single day, but the next question is will the benchmark index break another record set in 1991, when it soared by 35% in three months after the announcement of results. Incidentally, the C…
Will Sensex touch 20,000 again by December?
Posted on: May 19th 2009 in Market Outlook.
MUMBAI: The extraordinary spurt in the market on Monday has, understandably enough, made most investors optimistic about the road ahead. While there is fundamental logic supporting daring market predictions, fears of the impact of the ongoing global recession are a niggling worry for some…
BSE Sensex crosses 14000 mark
Posted on: May 18th 2009 in Market News.
The Bombay Stock Exchange, BSE Sensex, which was halted for two hours, after it hurt the Upper Circuit for the first time in the Indian share market history, has gone up by 2099.21 points and hit another Upper Circuit after the resumption of trading at 11.55 AM. That forced the exchaneg a…
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…
Day traders hope to see STT benefit restored
Posted on: May 18th 2009 in Market News.
MUMBAI: The broking community hopes that some of its issues of concern, particularly those relating to securities transaction tax (STT), would be addressed by the Congress-led UPA government, which swept to power for the second consecutive term. The Association of National Exchange Memb…
Indian stocks best performers among emerging market
Posted on: May 17th 2009 in Market News.
Indian stocks emerged as the best performers among all emerging markets across the globe, giving the highest return of over 3 per cent on the day before the outcome of general elections in the country. According to an analysis of MSCI Barra indices, a measure of returns from various sto…
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