NSEGUIDE Updates

---

• India’s valuations are cheaper: Analysts
• NSE gets BSE nod for multiple SE trading solution
• No IIP cheer…Nifty trips below 4,600
• R-Infratel eyes $1-bn from PE firms; may sell 10-15 pc stake
• Below 15240, Sensex may slip to 15050: Angel
• Tata Comm has support at Rs 462: H Kapadia
• BHEL bags Rs 4,015-cr order from Hindalco
• Positive surprise… IIP rises 1.4% in April

India’s valuations are cheaper: Analysts Posted: 12 Jun 2009 04:15 AM PDT HONG KONG/MUMBAI: While investors hope that consumer spending growth in China will eventually balance its export dependence, in the short term it is India that presents more opportunity. Economists crow over the long-term domestic growth prospects in both emerging Asian giants, which is ... Read More..

NSE gets BSE nod for multiple SE trading solution Posted: 12 Jun 2009 04:13 AM PDT MUMBAI: The National Stock Exchange (NSE) has received in-principle approval from the Bombay Stock Exchange (BSE) to develop a solution that would allow NSE/BSE brokers to trade on multiple exchanges. This would enable simultaneous trading in NSE and BSE-listed companies, said persons fam... Read More..

No IIP cheer…Nifty trips below 4,600 Posted: 12 Jun 2009 04:12 AM PDT Sensex slipped 173 points or 1.3% to end at 15,238 while Nifty slipped 61 points or 1.3% to shut shop at 4,576. Indian markets faltered for the second straight trading session on Friday led by selling in the interest rate sensitive stocks. Even the Mid-Cap and the Small-Cap stocks witnes... Read More..

R-Infratel eyes $1-bn from PE firms; may sell 10-15 pc stake Posted: 12 Jun 2009 04:11 AM PDT NEW DELHI: Anil Ambani group firm Reliance Infratel is looking to raise about Rs 5,000 crore (close to one billion dollars) through sale of shares, for which it is in talks with a number of private equity firms. Reliance Infratel, a subsidiary of the group’s telecom arm RCOM, is lo... Read More..

Below 15240, Sensex may slip to 15050: Angel Posted: 12 Jun 2009 04:10 AM PDT MUMBAI: Angel Broking expects market to remain volatile and if Sensex slips below 15240 it may slip to 15170-15050 levels. “Markets were indecisive to begin with, cautious approach at higher levels led to some profit booking which dragged the indices to close on a negative note. On... Read More..

Tata Comm has support at Rs 462: H Kapadia Posted: 12 Jun 2009 01:52 AM PDT Hemen Kapadia of Chartpundit.com is of the view that Tata Communications has strong support at Rs 462. Kapadia told CNBC-TV18, “I have a hold on Idea cellular because we had an intermediate uptrend. The indicators are supporting it move. It is above short and medium term moving av... Read More..

BHEL bags Rs 4,015-cr order from Hindalco Posted: 12 Jun 2009 01:49 AM PDT State-run Bharat Heavy Electricals today said it has bagged a Rs 4,015-crore from Hindalco Industries for supplying boilers, turbines and generators at its 900mw captive power plant in Orissa. “BHEL has secured a Rs 4,015 crore order from Hindalco Industries for the supply and erect... Read More..

Positive surprise… IIP rises 1.4% in April Posted: 12 Jun 2009 01:47 AM PDT Electricity has grown by 7.1%, while Manufacturing rises by 0.7% and Mining output increases by 3.8% After three straight months of decline, the health of the Indian industry appears to be slowly but surely improving, as the impact of the series of rate cuts by the Reserve Bank of India ... Read More..

You are subscribed to email updates from Nseguide.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Inbox too full?
Google Inc., 20 West Kinzie, Chicago IL USA 60610