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Brokerage Recos |
Buzzing Stocks |
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Moneycontrol Top Headlines
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HDFC Securities positive on Apollo Hospitals
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HDFC Securities has a positive outlook on Apollo Hospitals Enterprises. The research firm believes that Apollo is the best play in the Indian healthcare segment with operations spanning across India.
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Sell DLF January Futures below Rs 274: ICICIdirect.com
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ICICIdirect.com has recommended to sell DLF January Futures below Rs 274 with a stoploss of Rs 277.5 and target of Rs 268, Rs 265.
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Remain cautious at higher levels: Nirmal Bang
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According to Nirmal Bang\'s report, one should remain cautious at higher levels and let nifty maintain above 3160 area and then take a fresh call.
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Sensex has resistance at 10540: LKP Shares
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According to LKP Shares\' report, for BSE Sensex support is at 10190, 10050, 9870, 9430 and resistance at 10440, 10540, 10660, 10930.
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Nifty has resistance at 3132/3169: Hem
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According to Hem Securities\' Morning Note, Nifty is having resistance at 3132/3169 while Support is at 3056/3009 levels.
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Sensex has resistance at 1037010440: ICICIdirect.com
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According to ICICIdirect.com\'s report, the Sensex has supports at 10250 and 10190 and resistances at 10370 and 10440.
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Expect volatility to return: Khandwala
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According to Khandwala Securities\' Market Preview report, expect volatility to return as stocks approach Friday, the 9th Jan. The stock indices made their alltime high on the date one year ago.
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Nifty has resistance around 3140/3150: Mansukh Securities
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According to Mansukh Securities and Finance\'s report, profit booking has set in the markets are predicted and significant resistance is seen around 3140/3150 levels.
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Nifty has resistance at 31503200: Reliance Money
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According to Reliance Money\'s Morning Notes, as for today\'s trade, indices continue to have strong hurdle in the range of 31503200 range and will continue to attract profit booking.
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Nifty may rally up to 31513189: Angel
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According to Angel Broking\'s Market Outlook report, if Nifty trades above 3104 during the first halfanhour of trade then it may witness a further rally upto 3,151Â3,189.
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Markets likely to open higher: Anagram
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According to Anagram Research\'s report, the markets are likely to open higher taking its cues from the international bourses.
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Short USDINR below 48.53: Anagram
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Anagram Research has recommended to short USDINR below 48.53 with a stoploss of 48.71 and a target of 48.26.
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Nifty Futures adds Rs 28030 cr in OI: Anagram
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Nifty Futures have added Rs 28030 crore in the open interest on January 6, 2009 report.
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Markets end flat: Nirmal Bang
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According to Nirmal Bang\'s After Market Report, the markets finished flat after a volatile session. The Sensex ended at 10,336 up 60% after touching an intraday low of 10,150. The Nifty managed to end above the 3100 level, down 9 points at 3,113 after touching an intraday low of 3057.
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Stimulus package lacks magnitude: Emkay
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According to Emkay Global Financial Services, for nearly a trillion dollar economy like India, the package lacks magnitude.
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Moneycontrol Top Headlines
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HCL Technologies declines 15.2%
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HCL Technologies has touched an intraday high of Rs 136 and an intraday low of Rs 103. At 3:09 pm, the share was quoting at Rs 110.10, down Rs 19.75, or 15.21%. It was trading with volumes of 373,058 shares. Yesterday the share closed up 3.59% or Rs 4.50 at Rs 129.85.
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Tata Steel melts down
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Tata Steel had touched an intraday high of Rs 260 and an intraday low of Rs 230.25. At 3:06 pm, the share was quoting at Rs 233, down Rs 13.75, or 5.57%. It was trading with volumes of 4,300,958 shares. Yesterday the share closed up 0.67% or Rs 1.65 at Rs 246.75.
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ONGC slumps 5%
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ONGC had touched an intraday high of Rs 729.45 and an intraday low of Rs 680. At 2:43 pm, the share was quoting at Rs 681.90, down Rs 37, or 5.15% on the Nifty. It was trading with volumes of 1,705,263 shares. Yesterday the share closed down 0.88% or Rs 6.35 at Rs 718.90.
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HDIL continues to down
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HDIL had touched an intraday high of Rs 143.25 and an intraday low of Rs 105.10. At 2:17 pm, the share was quoting at Rs 111, down Rs 29.3, or 20.88%. It was trading with volumes of 6,819,890 shares. Yesterday the share closed down 1.44% or Rs 2.05 at Rs 140.30.
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ITC witnesses selling pressure
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ITC had touched an intraday high of Rs 175.10 and an intraday low of Rs 165. At 1:51 pm, the share was quoting at Rs 165.15, down Rs 9.1, or 5.22%. It was trading with volumes of 463,207 shares. Yesterday the share closed up at Rs 174.25.
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Hindalco Industries dips 7%
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Hindalco Industries had touched an intraday high of Rs 60.95 and an intraday low of Rs 53.20. At 1:49 pm, the share was quoting at Rs 53.80, down Rs 4.15, or 7.16%. It was trading with volumes of 3,052,500 shares. Yesterday the share closed down at Rs 57.95.
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Punj Lloyd declines sharply
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Punj Lloyd had touched an intraday high of Rs 166.90 and an intraday low of Rs 135. At 1:36 pm, the share was quoting at Rs 138.85, down Rs 22.4, or 13.89%. It was trading with volumes of 4,084,968 shares. Yesterday the share closed up 3.10% or Rs 4.85 at Rs 161.25.
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SBI loses further ground
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SBI had touched an intraday high of Rs 1,335.90 and an intraday low of Rs 1,262.30. At 1:23 pm, the share was quoting at Rs 1,269, down Rs 55.2, or 4.17%. It was trading with volumes of 936,050 shares. Yesterday the share closed down 2.72% or Rs 37 at Rs 1,324.20.
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HDFC Bank trips on selling pressure
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HDFC Bank had touched an intraday high of Rs 1,124 and an intraday low of Rs 1,042.25. At 1:21 pm, the share was quoting at Rs 1,060, down Rs 40.45, or 3.68%. It was trading with volumes of 263,586 shares. Yesterday the share closed up 5.53% or Rs 57.65 at Rs 1,100.45.
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Ranbaxy Lab in poor health
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Ranbaxy Laboratories had touched an intraday high of Rs 257.70 and an intraday low of Rs 236.05. At 1:17 pm, the share was quoting at Rs 240.50, down Rs 12.95, or 5.11%. It was trading with volumes of 315,114 shares. Yesterday the share closed up 1.46% or Rs 3.65 at Rs 253.45.
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Essar Oil drops 6.4%
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Essar Oil had touched an intraday high of Rs 94.40 and an intraday low of Rs 84. At 1:02 pm, the share was quoting at Rs 86.55, down Rs 6, or 6.48%. The company has denied news of delay in refinery expansion, reports CNBCTV18.
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Tata Motors declines 5%
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Tata Motors had touched an intraday high of Rs 189 and an intraday low of Rs 172.65. At 12:43 pm, the share was quoting at Rs 176.20, down Rs 9.5, or 5.12%. It was trading with volumes of 338,063 shares. Yesterday the share closed up 3.77% or Rs 6.75 at Rs 185.70.
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ACC slips from higher level
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ACC has slipped today. It had touched an intraday high of Rs 567.10 and an intraday low of Rs 502. At 12:41 pm, the share was quoting at Rs 515, down Rs 29.95, or 5.5%. It was trading with volumes of 199,266 shares. Yesterday the share closed up 7.67% or Rs 38.80 at Rs 544.95.
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Larsen slips on profit booking
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Larsen and Toubro had touched an intraday high of Rs 860 and an intraday low of Rs 785.90. At 12:38 pm, the share was quoting at Rs 796, down Rs 52.55, or 6.19%. It was trading with volumes of 585,366 shares. Yesterday the share closed down at Rs 848.55.
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Reliance Industries takes a dip
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Reliance Industries had touched an intraday high of Rs 1,380 and an intraday low of Rs 1,227.40. At 12:32 pm, the share was quoting at Rs 1,260, down Rs 108.05, or 7.9%. It was trading with volumes of 1,563,962 shares. Yesterday the share closed up 0.17% or Rs 2.30 at Rs 1,368.05.
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| Economy |
Market Reports |
Indian ADRs |
Moneycontrol Top Headlines
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See 20 MT capacity increase in cement by March: Cement Asso
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Sanjay Ladiwala, President, Cement Stockists and Dealers Association of Mumbai, sees an 8% demand in growth this fiscal and an increase of 20 million tonne in capacity by March. ÂHowever, a 15% despatch growth in cement is unlikely. According to him, there is not much headroom left for manufacturers to reduce prices.
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MSS, gilt buyback unlikely before Friday auction: Sources
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Finance Ministry sources said liquidity in the system is ample, reports CNBCTV18, quoting NewsWire18. Sources said the Reserve Bank of India is the final deciding authority on the market stabilisation scheme, gilt buyback. However, the MSS, gilt buyback is unlikely before the Friday auction.
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Obama may infuse $800 bn fiscal stimulus
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Presidentelect Barack Obama expects to inherit a US budget deficit approaching USD 1 trillion. His administration would have to make some tough budget choices. ÂWe are already looking at a trillion dollar budget deficit and potentially we have got a trillion dollar deficits for years to come.Â
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NSC questions rationalisation of FDI in broadcasting
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National Security Council (NSC) has raised questions on the rationalisation of FDI in broadcasting and telecom. It seeks clarity on proposal for 74% FDI in infrastructure for broadcasting. The NSC has questioned how to meet majority Indian control clause if FDI capital is hiked and how to maintain carriage and content difference if FDI is hiked.
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Past fuel cut was an interim one: Oil Secy
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Oil Secretary RS Pandey said last time\'s fuel price cut was an interim measure. According to Pandey, the underrecovery issue has still to be addressed. There is overrecovery in diesel, and petrol, but some underrecovery in LPG, and kerosene, he added.
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See scope for further rate cuts: StanChart Bank
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Arvind Sampath, Director and HeadRates Trading, Standard Chartered Bank, said there is scope to do a little more on rates front. \"I would do that depending on the incoming data and developments.\"
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FIEO sees 10mn job losses in export by March
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The Federation of Indian Exports Organisation (FIEO) said there will be 10 million job losses in the export sector by March. Exports, it said, will continue to contract in December. Exports in 200809 are seen at USD 175180 billion.
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DoT rejects FinMin\'s proposal to hike 3G reserve price
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There seem to be a tussle right now with what the Finance Ministry proposed and what the Department of Telecom (DoT) wants. The Department of Telecom has rejected the Finance MinistryÂs proposal to double the 3G reserve price. It said this would affect the 3G auction. Let market determine right price, it said.
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Realty needs more sops; package not enough: Jaipal Reddy
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The Minister for Urban Development Jaipal Reddy is not too happy with what the second stimulus package has to offer to the real estate sector. He has written to Prime Minister Manmohan Singh seeking more sops for the sector.
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Bond mkt rally may resume with a crude price cut
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The bon market rally could resume if there is a further cut in crude prices or something like that. But for the moment, I think profit taking can go on for a little longer and we might see even 5.2% and 5.25% getting scaled shortly.
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Timely implementation of fiscal pkg important: NIPFP
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M Govinda Rao, Director, National Institute of Public Finance Policy, said the recent stimulus package has been substantial. \"However, the problem has been not with the availability of money per se, but with the implementation of various projects.\"
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ECB relaxation won\'t help in shortterm: Kotak Investment
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The government has removed all interest rate ceilings on ECBs. S Ramesh, Kotak Investment Banking, said on form itÂs a good relief. ÂOne will have to accept that internationally liquidity is not available currently. From that point of view, corporates are unlikely to find money on the ECB front from international sources in the shortterm.Â
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US economy may see growth return by 2010
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The US economy may be off to a slow start in 2009 but slow and steady wins the race. Economist Kathleen Stephansen expects to see a return in growth by midyear. ÂGrowth will certainly be back in 2010. The ripple effects of job cuts will continue to be felt in 2009, with most predicting growth to resume come 2010.
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Govt\'s fiscal stimulus package: The fine print
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With the government announcing the second fiscal stimulus package to boost ailing sectors, amounting to Rs 20,000 crore, reaction from industry experts range from positive to negative. Here\'s an analysis.
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Liberalisation of ECB norms good: Puravankara Proj
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Reacting to the fiscal package and RBI monetary action, Ravi Ramu, Director  Finance, Puravankara Projects, said the 1% cut in the repo rate would help in lowering interest rates. ÂThe fact that we are going to be allowed to access worldwide money for these townships is fabulous news.Â
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Moneycontrol Top Headlines
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Satyam scandal rocks mkts; Sensex down 749 pts
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The multithousand crore Satyam scandal that was uncovered early this morning led to a heavy selloff on the sectoral indices. The benchmark indices took a heavy knock and witnessed a steep cut. The Sensex fell 755 points to 9,580 and the Nifty lost 192 points to 2,920 (provisional).
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Freefall continues in markets on Satyam debacle
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Steep fall continues in the benchmark as well as in broader indices, after Satyam scam. The Nifty tested 2900 mark while the Sensex went closer to 9500 level. This scam raised the questions over corporate governance issue across the industry.
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Mkts mayhem on Satyam scam; sectoral indices crash
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The benchmark indices have taken a big knock today due to the big fraud of Rs 5,040 crore made by former Managing Director, Ramalinga Raju of Satyam. This has created big worries over corporate governance issue. The stock is taking huge beating on large volumes, down about 72% with 440% jump in volumes.
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Mkts see steep fall after Satyam\'s fin fudging
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Satyam fiasco has dragged the benchmark indices as well as broader and sectoral indices steeply lower. Realty stocks are the major losers followed by technology, oil, banking, power, capital goods and power stocks.
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Nifty slips below 3000 after Satyam fiasco
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The benchmark indices have extended losses further due to sharp cut in Satyam, as Ramalinga Raju resigned from Satyam\'s board. Satyam\'s board in a press release mentioned that balance sheet has inflated cash bank balance of Rs 5040 crore.
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Mkts choppy; banking, realty, RIL, NTPC, RComm dip
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The benchmark indices gave up some early gains and are trading lower with some volatility. The Nifty has broken 3100 mark today as well and is hovering around that level.
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Mkts +ve; metal, cement, tech, telecom gain
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The markets have surged higher in early trade. Buying is seen in shares of metal, technology, cement, capital goods, auto and telecom stocks. Positive Asian markets also lent some support to markets.
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Broader market likely to be rangebound
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Broader market is likely to be rangebound and Nifty resistance is seen at 3150 on upside. Cement rally is likely to be extended while profit booking is likely in metal stocks at higher levels.
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Mkts close mixed amid volatility; Nifty trapped at 3100
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The benchmark indices closed the session on a mixed note amid high volatlity the Nifty seemed consolidating at 3100 level. Reliance Industries and ONGC played a key role in today\'s choppiness.
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Mkts volatile, Nifty hovers around 3100
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The benchmark indices are seeing selling pressure along with some volatility. Shares of oil exploration, telecom, power, realty, technology (barring Satyam) as well as LT are trading under pressure. Midcap and smallcap stocks also turned into red, due to which the market breadth is in favour of declines.
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Nifty breaks 3100; power, telecom, ONGC, TCS, Infy dip
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Volatility continues in benchmark indices. The Nifty has broken below the 3100 mark. Buying is seen in shares of metal, private banking, cement, oil marketing, and auto companies, and BHEL. Reliance Industries is a bit volatile today. Midcap and smallcap stocks are seeing a similar trend.
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Mkts up amid volatility; RIL, pvt banking, metals up
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The markets are trading higher amid volatility. Buying continues in Reliance Industries, Satyam, BHEL, LT as well as in metal, private banking, cement, and auto stocks. However, selling is seen in Bharti Airtel, Reliance Communications, NTPC, DLF, Infosys, TCS, SBI, and Tata Power.
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Mkts volatile; metal, pvt banks, auto, cement, BHEL gain
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The benchmark indices are seeing some volatility. Private banking, metal, auto, cement stocks as well as Satyam, Reliance Industries, and BHEL are on buyers\' radar. However, selling is seen in telecom, major technology, power, realty, public sector banking stocks as well as ONGC and LT. Midcap and smallcap stocks have continued to gain further.
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Mkts ranged; PSU banks, power, telecom, ONGC, LT dip
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The markets are ranged today, as there is some consolidation after yesterday\'s sharp run up. Metal, private banking, cement, auto stocks as well as Satyam are witnessing buying interest. However, PSU banking, power, realty, and ONGC, LT, Infosys, TCS, Bharti and Reliance Communication are under pressure.
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Mkts choppy; Satyam, HDFC, ICICI Bk, SAIL, Sterlite gain
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The benchmark indices have opened marginally in red but immediately turned choppy. Asian markets are also a bit of mixed bag, which have little impact on our markets.
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Moneycontrol Top Headlines
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Indian ADRs: Sterlite up 8%, Tata Motors up 6.6%
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Indian ADRs: Sterlite, Tata Motors, ICICI Bank, Dr Reddys, Satyam and Infosys
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Indian ADRs: Sterlite up 11%, Tata Motors up 5.5%
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Indian ADRs: Sterlite, Tata Motors, Infosys and Tata Comm gained, Dr Reddys, HDFC Bank and MTNL plunged.
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Indian ADRs: HDFC Bank gains 7.5%, ICICI Bank up 7%
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Indian ADRs: HDFC Bank, ICICI Bank, Tata Motors, Dr Reddys, MTNL, Wipro, Infosys, Sterlite, Patni and Tata Comm gained.
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Indian ADRs: Patni up 6.5%, Sterlite up 3.7%
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Indian ADRs: Patni, Sterlite, Satyam and Tata Comm gained, while Tata Motors and HDFC Bank plunged.
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Indian ADRs: Satyam up 4%, Infosys gains
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Indian ADRs: Satyam, Infosys, Patni, HDFC Bank and MTNL gained.
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Indian ADRs: HDFC Bank up 9.6%, ICICI Bank gains 9%
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Indian ADRs: HDFC Bank, ICICI Bank, Tata Motors, MTNL, Wipro, Satyam, Sterlite and Tata Comm gained.
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Indian ADRs: MTNL down 9%, Tata Comm down 5%
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Indian ADRs closed weak. In the telecom sector, MTNL was the biggest loser, it was down 9.30% and Tata Communication was down nearly 5%.
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Indian ADRs: ICICI Bank gains 4.3%, Satyam up 3.8%
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Indian ADRs: ICICI Bank, MTNL, Satyam, HDFC Bank and Tata Comm gained, while Tata Motors, Infosys, Dr Reddys and Sterlite plunged.
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Indian ADRs: ICICI Bank slips 6.5%, HDFC Bank down 4.9%
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Indian ADRs: MTNL, ICICI Bank, HDFC Bank, Tata Motors, Sterlite and Patni plunged, while Tata Comm, Infosys and Wipro gained.
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Indian ADRs: Sterlite down 6.6%, Satyam up 5.5%
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Indian ADRs: Sterlite, Dr Reddys, HDFC Bank, ICICI Bank, Wipro, Tata Comm, Tata Motors, Patni and Infosys plunged, while, Satyam and MTNL gained.
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Indian ADRs ends mixed; Tata Motors up 12%
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Indian ADRs ended mixed. Tata Motors was major gainer; it rose 11.54%, Dr Reddy Laboratories gained 6.64% and Sterlite Industries surged 3%.
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Indian ADRs: Infy, Wipro, ICICI up, Tata Motors, Patni dip
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Indian ADRs: Infosys, Wipro, ICICI Bank, HDFC Bank, MTNL, Tata Communication and Dr Reddys Labs ended higher. However, Satyam, Tata Motors, Patni and Sterlite Industries slipped.
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Indian ADRs: Tech, auto up; bank, telecom, pharma down
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Indian ADRs ended mixed. In Banking space, ICICI Bank was down 2.75% at $ 18.74 and HDFC Bank was down 2.42% at $ 72.33. In Telecom space, Tata Communication was down 6.63% at $ 21.42 and MTNL was down 1.18% at $ 3.36.
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Indian ADRs: Satyam slips 54%, HDFC Bank up 11.6%
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Indian ADRs: Satyam, Sterlite plunged, while HDFC Bank, Tata Comm, ICICI Bank, Dr Reddys, Wipro, Tata Motors and Patni gained.
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Indian ADRs: Tata Comm slips 5.2%, Wipro down 3%
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Indian ADRs: Tata Comm, Wipro, ICICI Bank, Dr Reddys, Infosys and Satyam plunged.
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| Global Markets |
Market Edge |
Market Outlook |
Moneycontrol Top Headlines
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Indian GDRs: Mahindra up 14.5%, Grasim up 9%
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Indian GDRs: Mahindra rose 14.55% at USD 6.30, Grasim gained 9.09% at USD 27.49, Sterlite was up 8.16% at USD 6.76, Tata Motors advanced 6.60% at USD 5.33, Satyam added 4% at USD 9.35, ICICI Bank added 4.76% at USD 22 and Dr Reddys gained 4.27% at USD 10.25, while SBI declined 4.89% at USD 56.97 and Ranbaxy slipped 3.18% at USD 5.18.
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US markets end higher
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The economic contraction is likely to continue in the New Year and inflation is uncomfortably low according to minutes from latest Federal Reserve meeting and that grim outlook put a lead on stock gains. So Dow was up 62 points by the close and the Nasdaq was up 24.
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US ISM services index rises unexpectedly
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US markets gained mildly in a volatile session, as US ISM services index rose unexpectedly and market is awaiting Obama\'s package. Base metals rallied ahead of the annual rerating by major commodity indices.
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Wall Street ends with moderate gain; Dow up 62 pts
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US markets ended higher on as optimism over the ObamaÂs stimulus plan. In economic data, November pending home sales fell by 4% to lowest level since 2001. November factory orders fell 4.6%. The Dow Jones industrial average gained 62.21 points, or 0.69%, to 9,015.10.
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Wall St opens higher; Dow up 77 points
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US markets have opened higher. The Dow Jones Industrial Average is up 77.90 points or 0.87% at 9,030.79. The Nasdaq up 14.42 points or 0.89% to 1,642.45 and SP 500 down 9.62 points or 1.04% to 937.07.
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Keep an eye on US ISM service index numbers
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The ISM (Institute for Supply Management) service index numbers will be release today in the US. The service index or the service industry is nearly 90% of US GDP (Gross Domestic Product) and most of the analysts are predicting that this service index plunging.
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Indian GDRs: Sterlite gains 11.2%, LT up 10%
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Indian GDRs: Sterlite gained 11.21% at USD 6.25, LT surged 10.19% at USD 17.85, RIL was up 5.70% at USD 56.95, Tata Motors rose 5.49% at USD 5, Tata Comm added 3.84% at USD 22.43 and Infosys gained 3.34% at USD 25.99, while Mahindra was down 8.33% at USD 5.5 and Dr Reddys plunged 3.72% 9.83.
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US markets end lower
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Stocks closed lower as US automakers showed huge drop in December sales. The Dow lost 81 points, the S P 500 fell 4 points and the Nasdaq declined 4 points.
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Wall Street declines; Dow down 81 points
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US markets fell for the first time following some dismal reports on the telecom and financial sectors. Deutshce Bank slashed forecast for JP Morgan and 15 other commercial banks. The Dow plunged 81.80 points, or 0.91%, to 8,952.89.
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US markets witness mild profit booking
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US markets witnessed mild profit booking on Monday, after rallying over 6% last week. December auto sales numbers were better than expectations.
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US markets open weak; Dow down 58 points
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US markets have opened weak. The Dow Jones Industrial Average is down 57.98 points or 0.64% at 8,976.71. The Nasdaq down 10.65 points or 0.65% to 1,621.56 and SP 500 down 4.54 points or 0.49% to 927.26.
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European markets trading firm; DAX up 1.2%
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European markets were trading firm. CAC 40 was up 0.90% or 30.26 points at 3,379.95. DAX rose 1.21% or 60.19 points at 5,033.26. FTSE 100 advanced 0.93% or 42.44 points at 4,604.23.
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Indian GDRs: SBI, ICICI Bank gains 7%
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Indian GDRs: SBI surges 7.09% at USD 58.90, ICICI Bank rose 7.06% at USD 20.61, Tata Motors was up 6.52% at USD 4.74, Mahindra advanced 5.26% at USD 6, RIL added 4.82% at USD 53.88, Dr Reddys was up 4.18% at USD 10.21 and Infosys gained 2.36% at USD 25.15.
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Expect new construction to be down 1.2%
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The construction spending in November will be out with new construction expected to be down 1.2% from October. But the most important report of this young year comes out of the under the week, when traders find out how many jobs were lost last month.
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US mkts surge ahead of likely Obama\'s stimuli package
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US markets surged in anticipation of Obama\'s stimuli package announcement in coming days. Crude bounced nearly 10% from days low. General Motors received $4 billion in initial rescue loans from the U.S. Treasury.
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Moneycontrol Top Headlines
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Mutual Funds\' holding in Satyam
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Satyam has created big worries over corporate governance, as Ramalinga Raju has resigned from Satyam\'s board, where he admitted a fraud worth Rs 5,040 crore. The stock has fallen over 80% and volumes have increased by 440% in today\'s trade.
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List of companies where promoters hold less than 10%
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Satyam\'s Chairman, Ramalinga Raju resigned from the company\'s board. Satyam\'s board in a press release mentioned that the balance sheet has inflated cash bank balance of Rs 5040 crore. Earlier Ramalinga Raju holds 8% stake in the company.
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Multiple block deals in Satyam
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Several block deals occured in Satyam Computer Services after Ramalinga Raju resigned from Satyam\'s board.
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NDTV, Tips Ind, TV Today gain over 1726%
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The benchmark indices saw a sharp rally in the second half of session, as the central bank, RBI is likely to cut rates this week. During todayÂs media sector hogged limelight from the midcap space.
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Realty rises on expectation of rate cuts
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Markets have closed with strong gains. Rate sensitives like realty, banking financial, and auto stocks have seen a huge buying on expectations that RBI is likely to cut rates this week. All BSE sectoral indices closed in green.
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Moneycontrol Top Headlines
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Raamdeo Agrawal says fraud could be to tune of Rs 7k cr
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Raamdeo Agrawal, Director and Cofounder, Motilal Oswal Securities feels that it is likely that SatyamÂs cost of operations would have been significantly higher in the last fivesix years. Most important thing is to save clients interest now and government should do everything to protect investor interest, he added.
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Fraud to take Satyam stock to Rs 10: Shankar Sharma
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Shankar Sharma of First Global said Ramalinga RajuÂs confession to the fraud in Satyam\'s books would have a huge impact on FII and FDI sentiment in India. \"An emerging market has to be more careful. We expect the stock to go down to Rs 1030 levels.
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Don\'t see Sensex at 21K in 5 yrs: Ramesh Damani
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Ramesh Damani, Member, BSE, said the Sensex could scale to 12,00012,500. \"However, it may remain in 8,5009,000 range for another quarter on the downside. It is unlikely to go back to 21,000 in five years, and might take even longer.\"
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See 5.255.80 nearterm range for 10yr bond yield: Isec
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Bond yields have recovered substantially after that blip down on Monday. Commenting on same, B Prasanna, MD, ICICI Securities Primary Dealership Ltd, said he sees 5.255.80 range for 10year bond yield in near term and going ahead liquidty will decide the trend.
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Need data, time for +ve buying to come in: Kotak Sec
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R Venkat Subramanium, HeadAlternate Investment Group, Kotak Securities, sees the rally extending a little bit. According to him, for positive buying to come in one needs some more time and data points to come in.
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Hemant Thukral positive on markets for nearterm
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Hemant Thukral is positive on the markets for the nearterm, any dips to 2,9503,000 should be used as a buying opportunity. However, on the upside, 3,1503,200 may continue to act as profit taking zone.
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Baliga sees more upside; Nifty can go up to 3250
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Ambareesh Baliga sees more upside from here and the Nifty can go up to 3,250 in the nearterm. Domestic participation has increased and we may see more strength in midcap stocks, he said.
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Market rally may end as Jan closes: Vibhav Kapoor
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Vibhav Kapoor, ILFS said that globally markets are witnessing an upmove. He is of the view that by the time markets are through the results season, the next downtrend would begin. According to him, the current market rally should end somewhere around next week or perhaps extend towards the end of this earnings season  towards the end of January.
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Experts bullish on cement, banks, telecom
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It was an extremely choppy day at the bourses. After plunging into the red midsession, indices bounced back to close flat. Amit Dalal, Amit Nalin Securities feels that market is trying to find some kind of base. Ashu Madan, National Head, Religare believes that stocks specific action will continue to be seen.
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Nifty sees resistance at 3150
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Nifty is looking for a consolidation and 3,150 seems to be strong resistance so if it breaks that decisively in todayÂs trade then there is a possibility of another 100 points rally on the Nifty.
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Buy OMCs once crude touches $55/bbl: Modern Share
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Anil Manghnani of Modern Share Stockbrokers feels investors should buy on declines. Neppolian Pillai of Modern Share Stockbrokers recommends investors to buy stocks of oil marketing companies once crude prices touch USD 55 per barrel.
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Current mkt rally not backed by stimulus pkg: Ajay Bagga
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Ajay Bagga of Financial Planning Standards Board of India expects the markets to rally a little higher from here on. He does not believe this large upmove was a result of the second leg of the fiscal stimulus package
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Markets look firm: Deven Choksey
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Markets look firm and temporary profit booking from time to time may result in more of consolidation than a massive selloff, says Deven Choksey.
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Abhinay Jain expects mkt to pause at 31003150
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Abhinay Jain expects the market to pause at 3,1003,150 levels. Banking and realty space has seen some buildup, but they could witness unwinding and selling pressure if markets become weak, he said.
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Jan \'09 levels to be better than Dec \'08: PN Vijay
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PN Vijay, Portfolio Manager does not see a spectacular rally this month but expects index levels to be better than December 2008. ÂOnce the earnings season is over and the stimulus package and low interest rates and probably the 23% inflation kicks in from February, we may see a more decisive move after the earnings season is over.Â
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IPO News |
Business News |
Moneycontrol Top Headlines
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Nifty has resistance at 3050: Anand Rathi
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According to Anand Rathi Securities\' report, the Nifty has a support at the 3065 followed by 3018. The resistance levels to watch would be 3050 followed by 3190.
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Sensex has resistance at 1050010650: Karvy
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According to Karvy Stock Broking\'s Technical Analysis report, on the higher side, 1050010650/31503200 levels will continue to act as stiff resistance while the indices may find support around 1020010050/30503000 levels for the day.
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Nifty may rally 500 points if 3150 breaks: Sukhani
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Sudarshan Sukhani of Technical Trends sees resistance for the Nifty at 3150. He feels the market is on the verge of a breakout. \"Once the Nifty breaks its resistance, it may rally another 500 points.\"
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Sensex has support at 10150: Angel
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According to Angel Broking\'s Technical Analysis report, on the downside, 10150/3055 level may act as support for the day.
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Nifty has support at 3075: Anand Rathi
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According to Anand Rathi Securities\' report, the Nifty has a support at the 3075 followed by 3028.
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See 3240 Nifty if 3110 gets crossed: Rajat Bose
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Rajat Bose of rajatkbose.com said the markets close above 3110 yesterday shows strength. ÂIf 3,165 is crossed, the 3,240 Nifty may be on the cards. But if 3,045gets broken I would initiate a short position. The market would then go back to square one if that support got broken.Â
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Nifty has support at 3050/3020: Mansukh Securities
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According to Mansukh Securities and Finance\'s report, on the lower side nifty has support around 3050/3020, break below these will bring weakness.
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Sensex has support at 10080: Angel
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According to Angel Broking\'s Technical Analysis report, on the downside, 10080/3060 level may act as support for the day.
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Expect flat to positive opening: Karvy
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According to Karvy Stock Broking\'s Technical Analysis report, the indices are expected to open on a flat to positive note.
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Nifty has resistance at 3107: Anand Rathi
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According to Anand Rathi Securities\' report, the immediate support for the Nifty daily will be at 30192990 level the resistance @ 30773107 level.
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Nifty has resistance at 3108: India Capital Markets
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According to India Capital Markets\' Technical Outlook, Nifty has a support at 3021 2997 and faces resistance at 3079 3108.
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Expect positive opening: Karvy
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According to Karvy Stock Broking\'s Technical Analysis report, Domestic markets are likely to open on a positive note following strong moves in the global indices.
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Buy only if Nifty crosses 3150: Sudarshan Sukhani
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Sudarshan Sukhani of Technical Trends said this is a slow, inching up market. \"The resistance level at 3,150 needs to be challenged. The markets are in a trading range. The nature of this trading range is alternate bouts of pessimism and optimism. Worthwhile buying is justified only if that event happens.\"
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Buy BPCL, Cairn India, DLF, HUL, IOC: Networth
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According to Networth Stock Broking\'s Technical Analysis report, as far as NIFTY is concerned, there is a very strong resistance zone between 30003155 and a strong support at around 2500 level.
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Nifty has resistance at 30503100: Karvy
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According to Karvy Stock Broking\'s Technical Analysis report, on the higher side, 1005010250/30503100 levels will continue to act as stiff resistance while the indices may find support around 98009500/30002950 levels for the day.
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Moneycontrol Top Headlines
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More banks get ASBA certification
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Investors options to apply for the IPOs and rights issues under ASBA, with banks blocking the application money in personal accounts of investors, has become much broader, reports The Hindu Business Line.
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Texmo Pipes and Products proposes an IPO to fund expansion
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Texmo Pipes and Products Limited, presently engaged into manufacturing of PVC and HDPE pipes, proposes the expansion of product range and setting up of manufacturing facilities for injection mouldings/fittings and woven sacks.
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Threeyear trading ban on Bhansali Group entities
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SEBI has barred 14 entities of the Bhansali Group from buying and selling of securities for three years for alleged irregular trading in the shares of Nissan Copper, immediately after its IPO listing on December 29, 2006, reports The Hindu Business Line.
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Great Eastern Energy files DRHP with SEBI
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Great Eastern Energy Corporation (GEECL), has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). GEECL believes that it is the first company to commercially sell coalbed methane (CBM) in India.
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GPSC defers IPO plan
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Gujarat State Petroleum Corp. Ltd. has put on hold its proposed initial public offer due to choppy market conditions, and will instead raise debt to part finance the gas development plan of its deepwater KrishnaGodavari block, Managing Director D.J. Pandian said today.
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SAT reserves order in IPO scam hearing
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Securities Appellate Tribunal (SAT) has reserved the order on NSDL and CDSL appeal against SEBI order in the IPO scam after hearing the arguments of both the parties in the matter, reports The Hindu Business Line.
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Radiant Info awaits SEBI nod for IPO issue
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Radiant Info System, which topped the Deloitte Technology Fast 50 India 2008 ranking, awaits the Securities and Exchange Board of IndiaÂs nod for making its Initial Public Offer, reports The Hindu Business Line.
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Hearing of NSDLCDSL issue in | |
