Saturday, July 11, 2009



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Obama rejects 2nd stimulus: Give recovery time

Posted: 11 Jul 2009 11:52 AM PDT

WASHINGTON: President Barack Obama on Saturday dismissed the idea that the United States might need a second stimulus to jolt the economy out of recession and urged Americans to be patient with his economic recovery plan. Faced with rising unemployment numbers and criticism from Republic...

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Buy Dr Reddy’s Labs: Indiabulls Securities

Posted: 11 Jul 2009 11:51 AM PDT

Indiabulls Securities Research has upgraded its rating on Dr Reddy's Laboratories to buy in its July 07, 2009 report. “Dr Reddy's Laboratories (DRL)'s top line increased by an impressive 51.6% yoy, for the second quarter on the trot, in Q4'09, surpassing our expectation mai...

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Hold Marico, target of Rs 85: Sharekhan

Posted: 11 Jul 2009 11:50 AM PDT

Sharekhan has recommended a hold rating on Marico with a target price of Rs 85 in its July 9, 2009 report. “We remain bullish about Marico's prospects. We maintain our earnings estimates but increase our price target for the stock to Rs 85, as we roll the target over based on our...

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Stocks sink on rain scare

Posted: 11 Jul 2009 11:45 AM PDT

Worst weekly fall for Sensex since October, Stocks sank once again, completing the Bombay Stock Exchange Sensitive Index's worst week since October, after Agriculture Minister Sharad Pawar said monsoon rainfall has been deficient. Pawar said in the Lok Sabha today that the northwest re...

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FIIs net buyers Rs 814cr in F&O on Friday

Posted: 11 Jul 2009 11:44 AM PDT

The Foreign Institutional Investors (FIIs) were net buyers of Rs 813.85 crore in futures and options segments on Thursday According to the data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 83.37 crore and index options worth Rs 18.69 crore. They were net b...

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