Nifty Nifty all the way…
The markets consolidated for the second straight session with the Sensex closing just short of the 17,000 mark, up 22 points at 16,994. The Nifty gained eight points today, to close at 5,088. For the week, the Sensex gained 3.5%. The broader markets have outperformed for most of this week, with the Midcap Index up [...]
Bulls Riding ahead…
Bulls were in command as the key benchmark indices continued their
uptrend in mid-afternoon trade on firm global stocks and higher US
index futures. The BSE 30-share Sensex was up 226.94 points or
1.32%. The BSE Sensex today, 16 November 2009, crossed the
psychological 17,000 mark and S&P CNX Nifty breached the key 5,000
mark. Both the indices hit their [...]
Sensex may drift down to 12500, -ve on RIL: Shankar Sharma
Shankar Sharma, Vice-Chairman and Joint Managing Director, First Global, says the Sensex can drift down to 12,000-12,500. He feels the next 3-4 months would to be challenging for equities. “We are looking at a 20% fall in global markets, so India would sell off more if they fall.” Shankar advises investors to stay away from [...]
Top FII holdings
Name of company: Sybly Industries Limited
FII share in company: 74.18 %
Best known for: Manufacturing Polyester Yarn and Mercerised Cotton Yarn
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Name of company: Indiabulls Real Estate
FII share in company: 67.43 %
Best known for: Real Estate
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Name of company: H D F C
FII share in company: 59.85 %
Best known for: Private sector banking
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Name of company: Geodesic
FII share in [...]
‘Vicious campaign’ at work in RComm audit case: Anil Ambani
Anil Ambani, Chairman of the Anil Dhirubhai Ambani Group (ADAG), has defended group telecom major Reliance Communication and said allegations that the company misrepresented its revenue were baseless.
Earlier this year, the government had ordered a special audit of five telecom companies including Reliance Communication, Bharti Airtel and Vodafone.
Ambani said that even as the Department of [...]
Euro Multivision loses 30% on day 1
Euro Multivision ended its first trading session below its issue price of Rs 75. It closed at Rs 51.85 on the NSE, at a huge discount of 30.87%.
On the NSE, the stock had listed at Rs 75. The share touched an intraday high of Rs 80.70 and an intraday low of Rs 51.65. The total [...]
Pfizer net up 8.3%, grows at higher-than-industry rate
Pfizer net up 8.3%, grows at higher-than-industry rate Pfizer has declared its numbers for the quarter ended August 2009 (Q3). Its net profit went up 8.3% at Rs 41.15 crore as against Rs 38 crore in the same period of last year. In an interview to CNBC-TV18, MD Kewal Handa said Pfizer grew [...]
Outlook for 18th September 2009
Outlook for 18th September 2009
Daily trend of the market is up.
Nifty touched its psychological resistance level of 5000 and it seems that now the market may give us some correction .But as the daily trend is still up, so the readers who are holding their longs in Nifty (bought on 25th August) may go [...]
Indian Stock Market snaps last six days gains
The key benchmark indices snapped last six days gains. Index
heavyweight Reliance Industries (RIL) edged higher in volatile
trade. The BSE 30-share Sensex fell 50.11 points or 0.31% up close
to 95 points from the day’s low and off 40 points from the day’s
high. Auto and banking stocks were in demand. PSU OMCs also edged
higher as crude oil [...]
Sensex, Nifty strike fresh 15-month high in opening trade; breadth strong
Key benchmark indices opened on a firm note, extending two-day
strong gains, on firm Asian equities. The BSE 30-share Sensex was
up 73.13 points or 0.46%. Both the barometer indices – the BSE
Sensex and S&P CNX Nifty struck their highest level in more than
15-months.
The market breadth, indicating overall health of the market, was
strong. TCS gained around 3%, [...]