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Brokerage Recos |
Buzzing Stocks |
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Moneycontrol Top Headlines
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Nifty can head towards 4900: FinQuest Sec
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Nifty can now head towards 4900 levels, says FinQuest Securities\' report.
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Auto sector looks attractive: Motilal Oswal
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Valuations in the auto sector remain attractive, says Motilal Oswal\'s report.
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Book profits in Webel SL Energy Systems: Sushil Finance
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Sushil Finance has recommended investors to book profits in Webel SL Energy Systems. With the recent steep runup in the share price, the stock has crossed target price.
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Cipla may benefit as swine flu fears mount: ULJK Sec
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WHO raised its pandemic alert to the highest level of six, formally declaring that the widely spreading A/H1N1 influenza has developed into a global pandemic
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Moneycontrol Top Headlines
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Bull of the week: Stock that rallied 62% in 5 days
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EIH Associated Hotels gained 9.98% or Rs 20.95 to close at Rs 230.85. It touched a 52week high of Rs 230.85. There were pending buy orders of 43,187 shares, with no sellers available.
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RBS buys 1.36 lakh shares of EIH Asso Hotels
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The Royal Bank Of Scotland Plc As Trustee Of Jupiter India F bought 1.36 lakh shares of EIH Associated Hotels at Rs 198.91 per share. At 15:27 hours the share was trading at Rs 230.00, up Rs 20.95, or 10.02%.
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Clearwater Cap Singapore Fund buys 9.6 lakh shrs of Oricon
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Clearwater Capital Partners Singapore Fund Iii Private Limited bought 961,641 shares of Oricon Enterprises at Rs 351.50 per share. At 15:19 hours IST, the share was trading at Rs 354.10, up Rs 5.45, or 1.56%.
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HPCL plunges 3.5%
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Hindustan Petroleum Corporation (HPCL) touched an intraday high of Rs 523.70 and an intraday low of Rs 510.40. At 15:15 hrs the share was quoting at Rs 510.75, down Rs 18.4, or 3.48%.
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Unitech top gainer on Nifty
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At 14:13 hrs, Unitech was the top gainer on the Nifty. It touched an intraday high of Rs 81.70 and an intraday low of Rs 79.05. The share was quoting at Rs 81.30, up Rs 2.60, or 3.30%.
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Emerging India Fund sells 1.25 lakh shrs of Surana Tele
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Emerging India Focus Funds sold 1.25 lakh shares of Surana Telecom and Power at Rs 19.96 per share. At 12:41 hours the share was trading at Rs 20, up Rs 0.10, or 0.50%.
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Morgan Stanley Mauritius buys 3.1 lakh shares of Camlin
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Morgan Stanley Mauritius Company bought 3.1 lakh shares of Camlin at Rs 53.80 per share. At 12:37 hours the share was trading at Rs 54.85, up Rs 1.10, or 2.05%.
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Nirma up on large volumes
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Nirma touched a 52week high of Rs 241.30. At 11:52 hrs the share was quoting at Rs 236.65, up Rs 28.70, or 13.80%.
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A C P Ind Ltd sells 3.75 lakh shrs of Trinethra Infra
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On September 2, 2010 A C P Industries Limited sold 375,000 shares of Trinethra Infra Ventures at Rs 44 on the BSE. Yesterday it ended at Rs 44.45.
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Bulk Deal: Marg touches 52week high
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Marg has touched a 52week high of Rs 227. It has touched an intraday high of Rs 227.00 and an intraday low of Rs 219.30.
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2.7 lakh shares bulk deal in Roselabs Industries
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On September 2, 2010 Jayshree Shankar Bhosle bought 150,000 shares of Roselabs Industries at Rs 33.98 and Nilesh Krushna Palande bought 120,356 shares at Rs 33.98 on the BSE. yesterday it closed at Rs 33.30.
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Indiabulls Fin Services buys 2.5 lk shrs of Ramsarup Ind
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On September 2, 2010 Indiabulls Financial Services Ltd. sold 250,000 shares of Ramsarup Industries at Rs 67.85 on the NSE. Yesterday the stock closed at Rs 67.85.
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Bmk Laboratories Pvt buys 1 cr shares of Piramal Health
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On September 2, 2010 Bmk Laboratories Private Limited bought 12,000,000 shares of Piramal Health at Rs 510 on the BSE and Phl Holdings Private Limited sold 12,000,000 shares at Rs 510. Yesterday the share closed at Rs 505.80.
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Bulk Deal: Elnet Technologies slips over 2%
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Elnet Technologies has touched an intraday high of Rs 80.35 and an intraday low of Rs 76.10. At 11:22 am, the share was quoting at Rs 76.95, down Rs 2.3, or 2.9% with volumes of 14,634 shares.
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Steel Strips gets order for 4000 wheels; stk gains 5.5%
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Steel Strips Wheels has got order for 4,000 wheels worth 45,000 Euro from German Company, quoting NewsWire 18, reports CNBCTV18. It touched a 52week high of Rs 263.70. At 10:58 hrs the share was quoting at Rs 256.50, up Rs 13.55, or 5.58%.
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| Economy |
Market Reports |
Indian ADRs |
Moneycontrol Top Headlines
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Why was there an error in GDP?
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The error in stating the first quarter GDP numbers has raised a number of questions on the quality of Indian statistics. In an interview with CNBCTV18Âs Latha Venkatesh, the Director General of the Central Statistical Organisation, SK Das spoke about how the error in using the deflator to calculate GDP at market price occurred.
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FY11 tax collection may top budget estimate
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India\'s tax collections could beat budget estimates of 7.46 trillion rupees (USD 160 billion) in the fiscal year to endMarch 2011, Revenue Secretary Sunil Mitra said on Friday.
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Corp tax rates may be reduced if eco warrants it: Rev Secy
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Corporate Tax Rates can be reduced if the economy warrants it. That\'s the word coming in from Revenue Secretary Sunil Mitra.
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Food and fuel inflation accelerates
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India\'s food and fuel inflation accelerated in the third week of August, maintaining pressure on the Reserve Bank of India (RBI) to tighten monetary policy.
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DTC: Taxing on banks or banking on tax?
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The Direct Taxes Code Bill, 2010 (ÂDTC Bill 2010Â) was tabled before the Parliament on 30 August 2010. It is proposed that the Incometax Act, 1961 will now be replaced from 1 April 2012 and not 1 April 2011. The key provisions of the DTC Bill 2010 impacting the foreign banks are discussed below:
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Services PMI dips again in August but still robust
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Growth in India\'s service sector slowed for a second month in August after hitting a twoyear peak in June, but businesses were more optimistic about the outlook, a survey showed on Friday.
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See inflation at 7% by March 2011: Shankar Acharya
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Expressing shock over the matter, Shankarcharya of ICRIER said the error exposes inefficiency in the system. He believes there were clear signs of deceleration in the industry.
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Is the new GDP data reliable?
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The first quarter GDP data that came out threw up two main confusions. There was a wide gap between the supply side number which came in at 8.8%and the demand side number that came in at 3.7%. What does that say about our growth and the wholesomeness of it and our data reliability?
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No danger of double dip in Europe, says ECB\'s Nowotny
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Europe faces modest economic growth but no double dip back into recession, European Central Bank Governing Council member Ewald Nowotny said on Thursday.
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PDS overhaul: Govt to include more families into BPL
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The Centre has decided to restructure the public distribution system (PDS) to include more families into the below poverty line (BPL) bracket, reports CNBCTV18.
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DTC impact on mutual funds: Not so mutual!
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The Direct Taxes Code, 2010 (ÂDTCÂ), has brought some unpleasant surprises for the mutual fund industry. Some of the key proposals impacting the industry are summarised below:
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See 25 bps hike in repo, reverse repo rate on Sept 16: RBS
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The Reserve Bank of India (RBI) has their next policy review taking place on September 16 and Gaurav Kapoor, Senior Economist at Royal Bank of Scotland (RBS) is of the view that they will increase key rates by 25 basis points (bps).
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US desperately needs another big stimulus: Paul Krugman
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In the last few weeks, the recovery in the US economy has slowed considerably, after encouraging signs earlier in the year. While most economists and policymakers have called for austerity measures for most economies, Nobel Prize winning economist Paul Krugman says the US economy desperately needs another big stimulus.
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Govt revises demand data June quarter GDP
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India has revised the demand component of its AprilJune GDP growth data, but has kept the headline number unchanged at 8.8 percent, the Economic Times reported on Thursday.
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India to fall short of global maternal health goal
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India has halved the number of women who die during childbirth, but experts warned on Wednesday a lack of facilities is likely to stop the country from meeting global goals for improving maternal health before 2015.
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Moneycontrol Top Headlines
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Nifty closes rangebound session on flat note
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The benchmark Nifty closed rangebound session on a flat note on Friday. It was a quiet session for the markets and remained in a narrow range of 54755500.
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Sensex, Nifty rise 1.2% this week; Metal Index gains 3%
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The broader indices outperformed benchmarks; Nifty Junior, CNX Midcap and BSE Small Cap indices gained 2.22.8%.
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Nifty hovers around 5486; Hero Honda, Rel Infra, HUL up
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At 15 hours IST the 50share NSE Nifty continued to trade in a tight range of 54805500 on Friday, despite some strength in European markets, which were trading 0.30.6% higher.
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Sensex quiet; Suzlon, JP Asso, JSPL, BPCL, Wipro slip
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At 14:14 hours IST the benchmark Sensex was quiet in trade due to lack of global cues. It was consolidating around previous closing value since the beginning of trade on Friday.
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Nifty lacklustre; Unitech, Hero Honda, Bharti, MM surge
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At 13.08 hrs IST, the Nifty was trading flat. It was a quiet session for the markets as largecaps failed to gain momentum on the either side ahead of weekend. European markets too opened in green with marginal gains.
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Nifty trades in tight range; breadth positive
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At 11:47 hours IST the 50share NSE Nifty was trading in a narrow range of 54805500 since early trade.
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Sensex flat; RIL, ITC, JSPL, Suzlon, PNB, Tata Steel down
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At 10:26 hours IST the benchmark Sensex was hovering around previous closing value and was trying to stay in a positive terrain.
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Nifty consolidates around 5500; Infy, Bharti, Sterlite up
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The benchmark Nifty started the day on a flat note with a positive bias following US cues, which went up 0.51% ahead of jobless data today.
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Sensex ends flat; Suzlon, HCL Tech, Sterlite Inds surge
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The Sensex ended on a flat note after gap up opening of 100 points. It was a volatile session for the markets as Nifty struggled to past 5500 mark in the entire session. The broader markets continued to outperform the Sensex.
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Nifty hovers around 5500; HCL Tech, JP Associates gain
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At 2.16 pm, the Nifty was trading positive and inching towards its psychological 5500. Barring IT, and TECk, BSE all other sectoral indices were trading in green.
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Nifty volatile; auto, metal, bank, pharma shine
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At 12.05 hrs IST, the Sensex was trading above 18000 with 100 points gain. The benchmark index was hovering around 18300 levels for quiet some time. It seems that Nifty was struggling to past 5500 for the moment. Auto, metal and banking stocks saw good buying in todays trade. Selective IT and telecom stocks were witnessing selling pressure.
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Nifty hovers around 5500; JP Asso, Sterlite Inds, SAIL up
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At 10.23 hrs IST, the Nifty was trading around 5500 with positive bias. The markets were trading on a strong note on back of positive global cues. Buying was seen in banking, metal, auto and realty stocks. Selling was seen in IT stocks. The broader markets too gained momentum on the upside. BSE Midcap and Smallcap indices were up 1% each.
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Nifty hits 5500 on strong global cues; breadth positive
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The benchmark Nifty touched the 5500 level in opening trade on strong global cues, backed by yesterday\'s short covering.
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Sensex ends 234 pts up on global cues; heavyweights lead
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The benchmark Sensex witnessed huge buying interest in the last one hour of trade and posted 234 points rally on Wednesday, helped by heavyweights and positive global cues. The Nifty closed the session above 5,450 level; even the market breadth was strong throughout the session.
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Sensex gains 200 pts; all sectoral indices up
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At 14:53 hours IST the benchmark Sensex gained 200 points and was trading near day\'s high while the Nifty started trading above 5450 level on back of buying almost in all sectors.
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Moneycontrol Top Headlines
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Indian ADRs: Tata Motors, Dr ReddyÂs Labs, Satyam up
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Indian ADRs ended mixed on Thursday. In the IT space, Satyam Computers was up 2.16% at $ 4.72 and Infosys was up 0.12% at $ 59.77 while Wipro was down 0.08% at $ 13.09 and Patni Computers was down 0.36% at $ 19.59.
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Indian ADRs: Tata Comm, MTNL, Sterlite, Infosys gain
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Indian ADRs ended higher yesterday. In the IT space, Infosys was up 4.22% at $59.7, Satyam was up 2.21% at $4.62, Wipro was up 2.1% at $13.1 and Patni was up 2.93% at $19.66.
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Indian ADRs: Tata Motors slips 4.1%, Tata Comm down 3.3%
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Indian ADRs ended lower yesterday. In the IT space, Infosys was down 1.19% at $57.32, Wipro was down 0.99% at $12.95, Patni was down 2.21% at $19.47, while Satyam was up 0.22% at $4.51.
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Indian ADRs: Wipro, Tata Comm, Tata Motors up
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Indian ADRs ended higher yesterday. In the telecom pack, Tata Comm was up 3.87% at $14.5 and MTNL was up 0.75% at $2.68. In the banking space, ICICI Bank was up 0.36% at $41.54 and HDFC Bank was up 1.76% at $162.47.
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Indian ADRs: Wipro down 3%, Patni slips 11.35%
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Indian ADRs ended mostly down on Thursday. In IT space, Wipro was down 2.94% at USD 12.56 per ADR, Infosys was down 0.75% at USD 58.29 .
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Indian ADRs: Patni Computers up 3.2%, Tata Motors down 3.6%
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Indian ADRs ended mostly down, except IT space, on Wednesday. In the IT space, Infosys was up 0.15% at $ 58.73, Wipro was up 0.08% at $ 12.94 and Patni Computers was up 3.22% at $ 23.09 while Satyam Computers was down 0.22% at $ 4.49.
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Indian ADRs: Satyam, Wipro, Tata Motors down
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Indian ADRs ended mostly in red on Thursday. In the IT space, Satyam Computers was down 2.36% at $ 4.56, Wipro was down 2.06% at $ 13.33 and Infosys was down 1.29% at $ 59.62 while Patni Computers was up 0.09% at $ 22.95.
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Indian ADRs: HDFC Bank up 4.4%, Tata Comm down
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Indian ADRs ended mostly in green on Wednesday. In the IT space, Infosys was up 1.24% at $ 60.4, Wipro was up 1.19% at $ 13.61, Patni Computers was up 1.1% at $ 22.93 while Satyam Computers ended down 0.21% at $ 4.67.
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Indian ADRs: Tata Comm up 5.9%, Tata Motors up 3.6%
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Indian ADRs ended mostly in green on Tuesday. In the telecom space, Tata Communication was up 5.9% at $ 14.53 while MTNL was down 0.71% at $ 2.79. In the banking space, ICICI Bank was up 1.12% at $ 41.56 and HDFC Bank was up 0.52% at $ 159.33.
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Indian ADRs: Satyam, Tata Comm down, MTNL up
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Indian ADRs ended mixed on Monday. In the IT space, Infosys was up 0.75% at $ 59.49, Wipro was up 0.23% at $ 13.23 while Patni Computers was unchanged at $ 22.57 and Satyam Computers was down 0.42% at $ 4.71.
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Indian ADRs: Patni Comp up 4%, Sterlite Ind down 4.7%
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Indian ADRs ended mixed on Thursday. In the IT space, Patni Computers was up 3.97% at $ 20.44, Wipro was up 0.15% at $ 13.23 while Infosys was down 0.79% at $ 59.28 and Satyam Computers was down 1.25% at $ 4.73.
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Indian ADRs: Sterlite Ind down 2.8%; Infosys, Patni slip
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Indian ADRs ended mostly down on Tuesday. In the IT space, Infosys was down 0.56% at $ 62.05, Satyam Computers was down 0.61% at $ 4.88, Wipro was down 0.93% at $ 13.8 and Patni Computers was down 3.29% at $ 20.3.
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Indian ADRs: Tata Comm up 7.5%, ICICI Bank, Infosys up
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Indian ADRs ended mostly higher yesterday. In the telecom space, Tata Comm was up 7.52% at $12.73 and MTNL was up 0.34% at $2.95. In the banking space, ICICI Bank was up 2.39% at $42.36 and HDFC Bank was up 0.06% at $161.73.
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Indian ADRs: Tata Motors up 2.5%, Patni,MTNL,Dr Reddys down
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Indian ADRs ended lower on Friday. In the IT space, Infosys was down 0.55% at $61.88, Satyam was unchanged at $4.99 and Patni was down 1.13% at $21.06, while Wipro was up 1.46% at $13.88.
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Indian ADRs: Patni, Wipro, MTNL, ICICI Bank down
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Indian ADRs ended weak yesterday. In the IT space, Infosys was down 1.81% at $62.22, Satyam was unchanged at $4.99, Wipro was down 1.87% at $13.68 and Patni was down 2.43% at $21.3.
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| Global Markets |
Market Edge |
Market Outlook |
Moneycontrol Top Headlines
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Wall St ends with moderate gains ahead of jobs reports
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In the US, another broadbased buying effort sent stocks through key resistance levels. For today the US August jobs reports is the key macro data that the market would be watching out for. The nonfarm payrolls is expected to drop 80,000 in August as compared to a 1.31 lakh decline in July.
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Wall St jumps on data in best day in 8 weeks
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Wall Street posted its best day in eight weeks on Wednesday as investor mood brightened after betterthanexpected factory data from the United States and China.
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US auto sales post weakest August since 1983
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Automakers posted their weakest US August sales in 27 years, underscoring uncertainty about the strength of the recovery in the world\'s largest economy.
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Wall Street surges; Nasdaq, SP 500 gain 3%
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US stocks surge, the SP 500 bounces back above 1050 levels, near its 50day moving average. Strong US and Chinese manufacturing data triggered the gains.
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US consumer confidence and home prices edge up
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US consumer confidence edged up in August while prices for US homes gained more than expected in June, providing a little relief for those concerned about a slowdown in the economic recovery.
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Wall St ends dismal month on flat note, semis slide
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U.S. stocks ended little changed in choppy trading on Tuesday, closing out an August the bulls would like to forget.
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US markets ends flat
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In the US, it was a lackluster session and the markets ended flat. Technical support at the 1040 line helped the SP 500 bounce back from an opening slide. The Dow too eked out slim gains.
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US July consumer spending gain strongest in 4 mths
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US consumer spending rose at the strongest pace in four months in July, supported by a small gain in incomes that offered hope consumers will be able to keep contributing to a modest economic recovery.
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Wall Street slips 1.5% on fears about economic recovery
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In the US, stocks fell sharply on account of fears about the economic recovery. Investors remained cautious ahead of key economic reports expected this week. The key indices fell about 1.5% each while the CBOE volatility index jumped more than 11%.
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Wall St edges lower on investor wariness
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US stocks dipped on Monday as gains in consumer spending and income and a flurry of mergersandacquisition activity failed to prompt investor confidence in the flagging economic recovery.
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US mkts end 1.65% up on technical support, short covering
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The Dow Jones industrial average gained 164.84 points, or 1.65%, to 10,150.65. The Standard Poor\'s 500 Index jumped 17.37 points, or 1.66%, to 1,064.59.
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Wall St slumps on economy woes; Dow below 10,0000
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US stocks sagged on Thursday and the Dow closed below 10,000 a day ahead of an expected downward revision in US secondquarter economic growth and a major speech by Federal Reserve Chairman Ben Bernanke.
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US jobless claims fall, but still elevated
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New US claims for unemployment benefits fell more than expected last week but a measure of underlying labor market trends rose to a ninemonth high, pointing to a subdued jobs recovery.
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US mkts end lower; Dow Jones slips below 10K
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The Dow Jones Industrial Average ended at 9,985.81, down 74.25 points or 0.74%.
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US shares slide after home sales, but support holds
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US stocks fell on Wednesday, with the Dow and SP on track for a fifth straight day of losses as another weak reading on the U.S. housing market underlined the prospect of a sharp slowdown.
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Moneycontrol Top Headlines
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Nifty rangebound: Is it best to avoid trading there?
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The benchmark Nifty closed rangebound session on a flat note on Friday. It was a quiet session for the markets and the Nifty remained in a narrow range of 5,4755,500.
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Markets rally: Is it a signal to sell?
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The Sensex ended on a flat note after gap up opening of 100 points. It was a volatile session for the markets as Nifty struggled to past 5500 mark in the entire session. The broader markets continued to outperform the Sensex.
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Nifty above 5450: Is the pullback just a blip?
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With global cues turning positive, the Indian picture too seems to be picking up sheen. But there is a definite air of caution among experts. They believe that the uptrend is a mere blip and the correction that the market had been witnessing since the past few trading sessions will continue and in deed be steeper.
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Will Nifty break below 5350 anytime soon?
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The cuts markets have been witnessing since the past few trading sessions have left traders in a discomfort zone. The grind to current levels has been slow and steady and in fact, edgy, is how the market can be best defined as of now. But does this mean that the bourses are headed further down in the near future. That, experts say looks doubtful.
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Nifty flat: Are these undertones of ranged mkt?
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The rally that the market has been witnessing off late seems to have slowed its pace as the Nifty appears to be settling into a range, though a higher onefrom 53505450 last month to 54505550 now.
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Global cues rip Indian mkts: Will the slaughter continue?
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Global weakness and volatility played spoilt sport on the Indian bourses, which went through a turbulent session on Wednesday. So is this big fear of global headwinds putting an end to this intermediate rally that we have seen?
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Opening trade: 10 cues that help you stay prepared
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US markets closed at a 7 week low, but off earlier lows. The SP 500 slips to 1050 after existinghome sales fell 27% in July to the lowest level in 15 years.
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10 cues that will shape your investment in today\'s trade
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It has been a quiet start to the week and all indications are that weÂll have a quiet second day as well.
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Mkts moving up but do not buy now, say experts
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The past few days have seen a significant hoist in market momentum, but a breakout from the prevailing range hasnÂt happened hitherto. Thought experts feel that the Nifty can inch up but the fall that follows will be will be significantly larger. Thus they advice investors to not buy now.
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10 things you need to know before the opening bell
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US markets ended largely lower on Friday, but significantly off earlier losses.
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Choppy session: Will markets hold firm?
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The benchmark Nifty closed with modest losses on the back of weak global cues and profit booking on Friday, after witnessing 125 points rally in previous two days.
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10 cues you need to know before starting your trade
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The US markets tumbled after a series of economic reports disappointed the street.
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Nifty ends above 5500: Where is it heading?
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The benchmark Nifty closed at a 31month high led by huge buying in private financial, cement and FMCG companies\' shares.
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Refreshing rally: Is it prudent to stay long?
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The 30share BSE Sensex closed at 18,257.12, up 208.27 points or 1.15% and the 50share NSE rose 65 points or 1.2% to settle at 5,479.15. The broader indices gained 0.70.85%.
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Markets end flat: How deep is the downside?
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Equity benchmarks closed session on a flat note, after witnessing a rangebound trade between 54105440 and despite European and US futures\' cues.
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Moneycontrol Top Headlines
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Excess supply to hurt cement players this yr: Angel Broking
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Brokerage firm Angel Broking feels the current fiscal will be a tough year for the cement sector. In an interview with CNBCTV18\'s Latha Venkatesh and Anuj Singhal, Rupesh Sankhe, Cement Analyst, Angel Broking said excess supply is going to hurt cement players badly in FY11.
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Avoid buying at upper levels: Dilip Bang
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The Indian markets are likely to remain rangebound in the coming fortnight. The markets seem to lack much upside above the level of 5,550 on the Nifty. It has support at the 5,450 level.
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Mkts will not correct to 2008 levels: Brics Securities
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There is no reason to get apprehensive about the future just yet, believes Anand Tandon, director (equities) at Brics Securities. Talking to CNBCTV18, he said the markets will not correct to the extent of 2008 levels. In fact, markets should move up a little if global cues exhibit stability.
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May see inflows from DIIs in second half of FY11: ENAM Sec
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CNBCTV18\'s Udayan Mukherjee caught up with Dharmesh Mehta, HeadBroking of ENAM Securities at the sidelines of their FII conference in London to find out the overall sentiment among investors.
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Clueless mkt to stagnate at 55505600 levels: Anand Rathi
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Markets are in no mood to change its current position, believes Rajan Malik of Anand Rathi Financial Services. Nifty will continue to face tough resistance at 55505600 and can go down to 5,3505,400 on the downside and 5,5505,600 on the upside. He says there is no evidence of any marketmoving trigger in the periphery.
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Investors should underweight India: BNP Paribas
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Widening volatility spreads between ChinaIndia and USIndia indicate that investors are too sanguine about India\'s prospects, says Clive McDonnell of BNP Paribas.
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Deflationary forces continue to mount: CLSA
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The central point remains that the quicker the US stock market falls from here, the quicker the Fed will commence the next wave of quantitative easing, says Chris Wood of CLSA.
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What are experts betting on in the infra space?
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In an interview with CNBCTV18, Shailesh Kanani, Research Analyst, Angel Broking and Naveen Jain of Indiabulls Securities, speak about the infrastructure sector and give their outlook going forward.
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MF Global doesn\'t see steep correction ahead, suggests buys
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In an interview with CNBCTV18, Rahul Shah, MF Global says, even if there is a correction in the market, it is not going to be steep.
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Nifty may swing 100250pts in next 68 sessions: CK Narayan
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With the Indian bourses displaying a robust rally, experts believe that the uptrend will continue. \"Historically, the markets donÂt make lows in the month of September,\" CK Narayan of Sharyans Resources says adding that the Nifty may swing another 100250 points in the next six to eight sessions.
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Nifty has support at 5350: JM Financial
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The next leg of the downtrend should see much more bearish momentum leading to substantial damage, says Gautam Shah of JM Fin.
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Global environment remains supportive for India: JPMorgan
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Moderating global growth implies soft commodity prices and sustained easy monetary policies, both crucial for India, says Bharat Iyer of JPMorgan.
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Morgan Stanley overweight on energy, industrials, telecom
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We are overweight energy, industrials, materials telecom and underweight healthcare, utilities, consumer discretionary, financials technology, says Ridham Desai of Morgan Stanley.
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Will RIL spark bidding war with ITC over EIH?
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Reliance Industries on Monday acquired a 14.12% stake in East India Hotels (EIH) from the company\'s promoters through its whollyowned subsidiary.
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Issues plaguing the midcap IT sector
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Speaking to CNBCTV18, Sandeep Muthangi of IIFL said a severe supply side pressures is playing havoc with the midcap IT companies, who are on the verge of seeing delivery disruptions.
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IPO News |
Business News |
Moneycontrol Top Headlines
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Ashwani Gujral\'s top bets for trade today
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Technical analyst Ashwani Gujral is bullish on Godrej Properties, Texmaco, Exide Industries, SKS Micro and Dhampur Sugar. He advises traders to buy into these stocks.
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Mitesh Thacker\'s top picks for trade today
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Technical analyst Mitesh Thacker of miteshthacker.com is bullish on Bharti Airtel, HDIL, IOC, OnMobile and RNRL. He advises traders to buy into these scrips.
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Sudarshan Sukhani\'s top picks for trade today
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Sudarshan Sukhani of Technical Trends is bullish on Adani Power, Apollo Tyres, Sun TV, Indian Hotels and Bajaj Hindusthan. He advises traders to buy into these stocks.
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Nifty around 5350: Is it time to buy?
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The Nifty continued to remain under pressure trading close to 5350a key support level. All sectoral indices slipped were in red led by Reliance Industries.
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Mitesh Thacker\'s top picks for trade today
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Technical analyst Mitesh Thacker of miteshthacker.com advises traders to buy into Power Finance Corporation (PFC) and Usha Martin. However, he is bearish on the prospects of tech major Infosys, Bombay Raylon and Zee Entertainment with a sell call.
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Anu Jain\'s top picks for trade today
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Anu Jain of IIFL Private Wealth Management is bullish on PFC, Opto Circuit, ITI, Tata Motors and Reliance Communication. She advises traders to buy into these scrips.
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Ashwani Gujral\'s top picks for trade today
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Technical analyst Ashwani Gujral advises traders to buy Eicher Motors, Jyoti Structures and IndusInd Bank. However, he is bearish on the prospects of Punj Lloyd and Everest Kanto and has a \'sell\' call on the scrips.
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Anu Jain\'s top picks for trade today
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Anu Jain VP of IIFL Private Wealth Management advises traders to buy Century Plywood and tech major HCL Tech. However, she has a \"short\" call on Nagarjuna Fertiliser, Unitech and Welspun Gujarat.
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Ashwani Gujral\'s top picks for trade today
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Technical analyst Ashwani Gujral is bullish on Amar Remedies, Glenmark Pharma and Lupin. However, he has a Âsell call on Bombay Dyeing and Tata Steel.
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Mitesh Thacker\'s top picks for trade today
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Technical analyst Mitesh Thacker of miteshthacker.com is bullish on MRPL, Glenmark Pharma, BHEL, GE Shipping and JSW Steel. He advises traders to buy into these scrips.
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Ashwani Gujral\'s top picks for trade today
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Technical analyst Ashwani Gujral is bullish on Excel Crop, Bharat Petroleum Corporation Limited (BPCL), Natco Pharma, Ajanta Pharma and Insectisides India. He advises traders to buy into these stocks.
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Sudarshan Sukhani\'s top picks for trade today
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Technical analyst Sudarshan Sukhani of Technical Trends advises traders to buy Cipla and Rajesh Exports. However, he is bearish on the prospects of Adani Enterprises, ShopperÂs Stop and Bharti Airtel.
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Mitesh Thacker\'s top picks for trade today
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Technical analyst Mitesh Thacker of miteshthacker.com is bullish on Chambal Fertiliser, Pantaloon, Wipro, Indian Hotels and IRB Infrastructure. He advises traders to buy into these scrips.
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Ashwani Gujral\'s top five picks for today\'s trade
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Technical Analyst Ashwani Gujral is bullish on Indian Overseas Bank, Canara Bank, Yes Bank, OnMobile Global and India Infoline. He advises investors to buy these stocks.
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Sudarshan Sukhani\'s top picks for trade today
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Technical analyst Sudarshan Sukhani of Technical Trends advises traders to buy Biocon and Inox. However, he has a sell call on Sun Pharma, Tata Steel and Infosys.
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Moneycontrol Top Headlines
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Midvalley Entertainment plans Rs 60 crore IPO
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Film production, distribution and exhibition company Midvalley Entertainment is planning to Rs 60 crore from the capital market.
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MPS group may plan IPO to fund power foray
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Coimbatorebased MPS Group plans for a 300 MW power project in Thoothukudi district in south Tamil Nadu, reports The Hindu Business Line.
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CRISIL assigns grade 2/5 to YOU Broadband IPO
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CRISIL Equities has assigned a grade of 2/5 to the proposed initial public offer (IPO) of YOU Broadband Cable India, in its research report dated September 01.
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Harrisons Malayalam plans to list STEL within 30days
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In an interview with CNBCTV18Âs Udayan Mukherjee, Pankaj Kapoor, MD of Harrisons Malayalam said the firm is planning to list STEL within a month. \"Every Harrison Mal shareholder will get one share of STEL,\" he informed.
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Gujarat Pipavav IPO priced at Rs 46 per share
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Port operator and developer Gujarat Pipavav said on Tuesday it had set the issue price for its initial public offering at Rs 46 a share, raising as much as Rs 500 crore (USD 106 million).
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SAIL FPO likely in January
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The Steel Authority of India (SAIL) followon public offer (FPO) is likely to hit the market only in January, according to Steel Ministry officials, reports The Hindu Business Line.
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Omkar Speciality Chemicals files IPO papers with SEBI
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Speciality chemicals manufacturer Omkar Speciality Chemicals is planning an initial public offering (IPO) of 81 lakh equity shares. It has filed draft red herring prospectus (DRHP) with the market regulator Securities Exchange Board of India (SEBI).
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Coal India IPO to open on October 18
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India\'s largest coal producing company Coal India (CIL) will open its initial public offering (IPO) for subscription on October 18, 2010.
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Gujarat Pipavav Port sets issue price at Rs 46/share
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Gujarat Pipavav Port has fixed the issue price for its 500 crore public issue at Rs 46 a share while price band was at Rs 4248.
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Coal India IPO road show from Aug 31
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Coal India will launch its threeweek long road show to attract anchor investors, from India and abroad, for the IPO beginning August 31, reports The Hindu Business Line.
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Galaxy Surfactants files for regulatory nod for IPO
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Specialty chemicals maker Galaxy Surfactants Ltd said on Monday it has filed for regulatory approval for an initial public offering of 5.9 million shares.
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Hope to file DRHP of Spice Digital by 2010end: Spice Group
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Spice Digital, which is part of the BK Modipromoted Spice Group kitty, is looking to file a Draft Red Herring Prospectus (DRHP) by fiscalend. The Chairman of Spice Group said that once the reverse merger took place, Spice Digital would come under Spice Mobility. He expects the merger to be completed by Septemberend.
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Tirupati Inks gets SEBI nod for FPO
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Tirupati Inks, a Kanpurbased company, engaged in the manufacturing of printing inks and giving complete packaging solutions, has received SEBIÂs approval for a FPO.
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Punjab Sind Bank files IPO papers with SEBI: Sources
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Government owned Punjab Sind Bank has filed draft red herring prospectus with the market regulator Securities Exchange Board of India (SEBI), reports CNBCTV18 quoting NW18.
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UCO Bank puts FPO plans on hold: Sources
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Government owned UCO Bank has put followon public offering (FPO) plans on hold, reports CNBCTV18 quoting sources. The bank was looking to raise nearly Rs 400 crore via FPO as against issue of 6 crore shares.
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Moneycontrol Top Headlines
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Need more youngsters to shape co\'s destiny: Narayana Murthy
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Having younger people take more responsibility for the destiny of the company is the way forward, according to Infosys Chairman NR Narayana Murthy. In an interview with CNBC TV18\'s Sunanda Jayaseelan, he spoke about how Infosys\' shareholders and investors would react to the possibility of a foreigner as his successor.
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Hindalco plans $2.1 bn capex in FY11: chairman
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Indian nonferrous metals firm Hindalco Industries plans capital expenditures of Rs 10000 crore (USD 2.1 billion) in the current financial year to March 2011, its chairman said on Friday.
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Mandhana Inds sees FY11 net at Rs 75cr
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Textiles firm Mandhana Industries expects a net profit of Rs 75 crore in FY11 on revenues of Rs 800 crore, a top official said on Friday.
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Anant Raj Ind buys Jubilant Software for Rs 81cr
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Anant Raj Industries said on Friday it has acquired unlisted firm Jubilant Software Services Pvt Ltd for Rs 81 crore.
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Consolidated Finvest Holdings declares dividend at 5%
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Consolidated Finvest Holdings at its meeting held on September 3, 2010 has declared dividend at Re 0.50 per share i.e 5%.
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Venkys to expand its poultry products
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Venkys has undertaken expansion programme, estimated cost of Rs 50 crore in poultry products segment.
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Bhagwati Banquets And Hotels declares dividend at Re 1 per share
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Bhagwati Banquets And Hotels at its meeting held on September 02, 2010 has declared dividend at 10% i.e Re 1 per share.
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Anant Raj Industries acquires shares of Jubilant Software Services
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Anant Raj Industries has accquired shares of Jubilant Software Services Private Limited.
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Jindal Photo declares dividend at Re 1 per share
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Jindal Photo at its meeting held on September 03, 2010 has declared dividend at Re 1 per share for the year ended March 31, 2010.
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Reliance Industries buys 3 mln bbls spot Brazil crude
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Reliance Industries Ltd., operator of the world\'s largest refining complex, bought around 3 million barrels of spot Brazilian crude to arrive in India in the next two months, industry sources said on Friday.
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No current plan to list construction equipment biz: Escorts
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There is renewed talk in the market that leading engineering equipment maker Escorts has plans to launch an initial public offering for its contruction equipment business. In an interview with CNBCTV18\'s Latha Venkatesh and Anuj Singhal, Rajan Nanda, CMD, Escorts spoke on the company\'s business plans.
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Nakoda targets Rs 1400cr turnover this year
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Nakoda will start a wind power project in Madhya Pradesh by March 2011. In an interview with CNBCTV18, BG Jain, CMD, Nakoda, spoke about the latest happenings in his company and sector.
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Alok Industries on `highway` to double revenue in 3 yrs
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Textiles firm Alok Industries seeks to double its revenue to around USD 3 billion over the next three years, primarily on growing exports and a resurgence in domestic demand, a top official said on Friday.
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Kiri Dyes expects to clock Rs 5060cr bottomline this year
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In an interview with CNBCTV18, Manish Kiri, MD of Kiri Dyes spoke about the latest happenings in his company and the road ahead.
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Acrysil India targets to double revenue in 2 yrs
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In an interview with CNBCTV18, Chirag Parikh, MD, Acrysil India, spoke about the latest happenings in his company and sector.
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