Wednesday, July 29, 2009



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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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