Saturday, June 13, 2009



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Luxury industry poised for 2011 recovery: Report

Posted: 13 Jun 2009 11:39 AM PDT

Conspicuous consumption isn’t dead, it’s just on hiatus. That’s according to global consulting firm Bain & Company’s Luxury Market Update: 2012, which will be released tomorrow. The report, authored by Claudia D’Arpizio, a partner based in the firm̵...

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Why One Should Buy Stocks Of Technology/IT Companies?

Posted: 13 Jun 2009 09:36 AM PDT

Top-performing technology shares are set to rise further because the information technology (IT) sector has coped with the downturn better than many other industries, according to analysts. Several fund managers believe that IT companies would also be quicker to benefit from early signs o...

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UTI Top 100 Mutual Fund Unveiled

Posted: 13 Jun 2009 09:35 AM PDT

UTI Asset Management Company today said it has unveiled “UTI Top 100 fund” that offers”more flexibility”to investors. The Top 100 Fund, was a combination of the UTI Index Select Fund and the UTI Master Growth Fund which the company launched, a decade back. Stating...

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Discounts pay, home buyers back in market

Posted: 13 Jun 2009 09:34 AM PDT

NEW DELHI: Home sales have picked up in select Indian markets over the past couple of months, but analysts warn that prices may not have bottomed out yet as developers are sitting on a huge inventory. Markets such as Delhi National Capital Region (NCR), including Delhi and surrounding ar...

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Weekly Review for the Week June 15th - 19th 2009

Posted: 13 Jun 2009 02:46 AM PDT

We said 'Technically the trend is still intact up and there is still no sign of weakness witnessed on the charts as yet and the market seems to be looking up. The next logical technical target in the days to come is 16046 but as it climbs up the market is setting itself up for a reactio...

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Market Review for 15th June 2009

Posted: 13 Jun 2009 02:44 AM PDT

BSE Sensex: (15238) the market has traded sideways with no sign of any direction…technically the trend is still intact Up but the market is also against a strong zone of resistance…looks like more of a sideways movement with profit booking coming in…analysis still the same… The s...

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Action hots up in IPO-bound companies

Posted: 12 Jun 2009 10:42 PM PDT

MUMBAI: The buoyant sentiment in the secondary market is having a rub-off effect on the activity in unlisted stocks. Oil India, BSE, Orissa Mineral, DSE, Sistema Shyam Tele are some such stocks, which are seeing renewed trading interest. Most of these are IPO-bound companies, whose plans...

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Book profit in Aban Offshore: Sharekhan

Posted: 12 Jun 2009 10:41 PM PDT

Sharekhan has advised investors to book profit in Aban Offshore in its June 11, 2009 research report. “ERHC Energy Inc (ERHC) has informed that the contract for Aban Abraham, the deepwater oil rig of Aban Offshore, with Addax has been cancelled. The rig was contracted for a period ...

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Buy Tata Tea, target of Rs 853: Sharekhan

Posted: 12 Jun 2009 10:40 PM PDT

Sharekhan has recommended a buy rating on Tata Tea with a target price of Rs 853 in its June 10, 2009 research report. “Tata Tea's Q4FY2009 numbers (derived from FY2009 and M9FY2009 numbers) are below our expectations. The top line grew by 9.4% year on year (yoy) to Rs 1,226.1 c...

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Buy Orchid Chemicals, target of Rs 176: Reliance Money

Posted: 12 Jun 2009 10:39 PM PDT

Reliance Money has recommended a buy rating on Orchid Chemicals and Pharmaceuticals with a target price of Rs 176 in its June 12, 2009 research report. “Orchid Chemicals & Pharmaceuticals (Orchid) is an integrated pharmaceutical company with core competencies in the cephalospo...

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