Wednesday, August 5, 2009



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STOCKS TO WATCH: Bharti Airtel, NMDC, REC, Unitech

Posted: 05 Aug 2009 08:58 PM PDT

MUMBAI: The Indian rupee strengthened on Wednesday boosted by losses in the dollar against major currencies overseas but traders would be watching the local sharemarket open for further direction. The currency was trading at 47.62/63 dollar, from previous close of 47.73/74. Oil prices ed...

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Intraday calls for 06-08-09

Posted: 05 Aug 2009 08:49 PM PDT

Markets likely to open flat. Nifty has strong resistance at 4730 and support at 4620. Stocks to watch for breakout: Buy Voltas above 147, target: 153. Stoploss: 144.50 Buy Glenmark Pharma above 276, target: 288. Stoploss: 272. If markets show weakness later during the day, sell: Hinda...

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Weak economic data puts stock market rally on hold

Posted: 05 Aug 2009 12:40 PM PDT

Wall Street rally goes on hold after report of weakening business at service companies NEW YORK (AP) — Wall Street’s summer rally is on hold as reminders of the economy’s weakness give investors reason to take some profits. Stocks fell moderately Wednesday after an un...

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L&T seeks regulatory nod to sell Satyam stake

Posted: 05 Aug 2009 07:00 AM PDT

BANGALORE (Reuters) - Larsen & Toubro Ltd (LT.NS : 1516.2 -3.15) has sought permission from market regulators to sell its stake in outsourcer Mahindra Satyam (SATYAM.BO : 112.95 +5.8) Ltd, a spokesman for the engineering and construction major said. L&T, which operates in indu...

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TRAI puts new telecom licences on hold

Posted: 05 Aug 2009 06:59 AM PDT

India’s telecoms regulator TRAI has asked the government not to issue new licences until it decides whether there is a need for more players in the crowded market, a move that could further delay entry of firms such as ATandT. The Telecoms Regulatory Authority of India (TRAI) has a...

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