- STOCKS TO WATCH: Bharti Airtel, NMDC, REC, Unitech
- Intraday calls for 06-08-09
- Weak economic data puts stock market rally on hold
- L&T seeks regulatory nod to sell Satyam stake
- TRAI puts new telecom licences on hold
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...
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...
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...
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...
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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