Thursday, July 30, 2009

NSEGUIDE Updates

NSEGUIDE Updates

Link to Nseguide.com

Intraday calls for 31-07-09

Posted: 30 Jul 2009 08:54 PM PDT

Buy Tech Mahindra above 860, target: 880. Stoploss: 853 Buy Dr.Reddy’s Laboratories above 835, target: 855. Stoploss: 828 View Market hour calls ...

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Market undertone bullish: Anagram

Posted: 30 Jul 2009 08:24 AM PDT

AHMEDABAD: V K Sharma of Anagram Stock Broking said momentum is continuing in the markets… From the fundamentals as well as futures perspective, how do you view Tata steel and SAIL? Sharma: What we are seeing currently is purely liquidity chasing stocks.. I think we are going to s...

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Markets surge on short-covering

Posted: 30 Jul 2009 05:12 AM PDT

Heavy short-covering owing to the derivatives expiry today, saw the markets surge towards the end of the day.The Sensex today opened in the red at 15,169 and slipped further to a low of 15,065. The index, however, rebounded on positive global cues. The index soared 345 points from the low...

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Current market rally raises optimism

Posted: 30 Jul 2009 05:10 AM PDT

MUMBAI - The recent market rally supported by quarterly earnings, liquidity and global cues is not yet considered as a bull-run but market men Stocks Volatility in the stock markets Measuring market volatility Ten hot money-spinners in India Long term plan for better returns Should ...

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Oracle Financial Q1 net profit up 76 pc

Posted: 30 Jul 2009 05:10 AM PDT

MUMBAI: IT financial services solutions vendor Oracle Financial Services Software on Thursday said its consolidated net profit rose by 75.99 per cent to Rs 185.78 crore for the first quarter ended June 30, 2009, over the same period last year. Consolidated total income decreased to Rs 6...

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Mahindra & Mahindra Q1 net at Rs 400 cr

Posted: 30 Jul 2009 05:09 AM PDT

MUMBAI: Automobile major Mahindra & Mahindra on Thursday reported a net profit of Rs 400.85 crore in the first quarter ended June 30 against Rs 159.30 crore in the same quarter last year. However, June quarter figures are not comparable with the results of the corresponding period ...

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Mundra Port Q1 net zooms 76 pc to Rs 170 cr

Posted: 30 Jul 2009 05:08 AM PDT

MUMBAI: Mundra Port and Special Economic Zone on Thursday reported a growth of over 76 per cent in its net profit to Rs 170.75 crore for the first quarter ended June 30 over the corresponding period a year ago. Total income rose to Rs 321.35 crore during the April-June period of the cur...

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Patni Computer net profit surges 92% QoQ

Posted: 30 Jul 2009 05:06 AM PDT

MUMBAI: Patni Computer Systems, a mid-size IT company, reported better than expected results for the quarter ended June 2009. Growth in volume coupled with significant cost rationalization measures resulted in a quarter-on-quarter growth of 92% in net profit to Rs137 crore. The stock ma...

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Alok Industries Q1 net profit up 12.91 pc

Posted: 30 Jul 2009 05:05 AM PDT

NEW DELHI: Textile player Alok Industries on Thursday reported a jump of 12.91 per cent in its net profit for the first quarter of the fiscal at Rs 32.01 crore as compared to Rs 28.35 crore during the corresponding period last year. The company also reported a rise of 44.47 per cent in ...

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PTC India Q1 net up 77 pc to Rs 33 cr

Posted: 30 Jul 2009 05:04 AM PDT

MUMBAI: Power trading firm PTC India on Thursday reported a 77.01 per cent jump in net profit to Rs 33.33 crore for the first quarter ended June 30, 2009. Total income increased to Rs 2,399.63 crore in the June quarter of 2009 from Rs 1,220.67 crore in the corresponding year-ago period,...

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Wednesday, July 29, 2009

NSEGUIDE Updates

NSEGUIDE Updates

Link to Nseguide.com

Intraday calls for 30-07-09

Posted: 29 Jul 2009 08:55 PM PDT

Nifty has strong support at 4380-4400 levels. No momentum calls considering a flat opening and high volatility. If markets show weakness later during the day, Sell: Tata motors Some stocks to watch for breakout: Buy Tech Mahindra above 834, target: 858. Stoploss: 828 Buy Crompton Gr...

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US may be starting to see recession end: Obama

Posted: 29 Jul 2009 11:09 AM PDT

RALEIGH, NORTH CAROLINA: President Barack Obama said on Wednesday the United States may be starting to see the end of the 19-month recession and that his policies helped the country from plunging into a depression. Obama made a detailed defense of his economic policies, from bank and au...

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Adani Power IPO subscribed 4.55 times

Posted: 29 Jul 2009 05:12 AM PDT

Adani Power initial public offering (IPO) witnessed huge investor interest and was subscribed 4.55 times on the second day of subscription. The issue received bids for 1,13,15,07,130 shares as against the issue size of 30,16,52,031 shares, as per the data available on the NSE website. Ti...

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Expect 20-30% appreciation in Balrampur Chini: Dalal

Posted: 29 Jul 2009 05:11 AM PDT

Amit Dalal of Amit Nalin Securities is of the view that one can expect 20-30% appreciation in Balrampur Chini. Dalal told CNBC-TV18, “The real story in sugar delta is behind us, you will hereon have a normalized profit growth and definitely the fact that of shortage of sugar will h...

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Hold on to your debt investment

Posted: 29 Jul 2009 05:08 AM PDT

MUMBAI: RBI’s policy review spells status quo for debt investors. According to financial experts, investors can hold on to their debt investments as the interest rates are likely to remain steady in the medium term. They also advise investors look out for corporate deposits, which...

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Too many branches spoil the banks

Posted: 29 Jul 2009 05:07 AM PDT

NEW YORK: Call it Overbanked of America. News that Bank of America Corp plans to shut some of its 6,109 branches may mark a turning point in what analysts have long deemed a nationwide glut in bank branches, as more customers favor banking from their computers and phones. The changes c...

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