Tuesday, August 11, 2009



Link to Nseguide.com

Intraday calls for 12-08-09

Posted: 11 Aug 2009 08:52 PM PDT

Markets likely to see a gap down opening. If markets show recovery later during the day, buy: Chambal fertilzers and GVK power. Chambal fertilizers has strong support at 46.50-47.. Its near its 200 DMA of 46.80 and has made a double bottom at 47. Stock is also in oversold territory and...

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Stocks in news: IndusInd Bank, Ranbaxy, Sun Pharma, PTC

Posted: 11 Aug 2009 08:27 PM PDT

Alert: June IIP data today RIL-NTPC gas dispute: from agencies -RIL files caveat in SC ahead of NTPC appeal -NTPC expected to move SC against Bombay HC ruling in July -Bombay HC allowed RIL to amend plea in gas dispute with NTPC Exclusive: IndusInd Bank -QIP issue closes; raises $10...

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161 districts face drought, but it’s no panic: Govt

Posted: 11 Aug 2009 12:30 PM PDT

New Delhi: More than a quarter of India’s districts are facing the threat of drought and the sowing of crops nationally is 20 per cent lower than in the previous year, Finance Minister Pranab Mukherjee said on Tuesday. While many of these districts are not major crop producers, the...

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Stocks fall as traders await Fed’s take on economy - Wall Street

Posted: 11 Aug 2009 09:14 AM PDT

Stocks slide as investors look to Fed for read on economy; wholesale inventories fall NEW YORK (AP) — Traders are turning cautious about the prospects for the economy. Stocks skidded Tuesday as the Federal Reserve began a two-day meeting that could provide new insight into how the...

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Oil India IPO to hit market on September 7

Posted: 11 Aug 2009 08:21 AM PDT

Mumbai: Oil India Ltd (OIL) will hit the market with an initial public offering (IPO) on September 7. The offer will be open from September 7 to 11, a source close to the development said. The price band for the IPO is likely to be fixed on August 25, the source said. OIL management is c...

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OIL may price IPO at Rs 1,000-1,100 a share

Posted: 11 Aug 2009 08:18 AM PDT

New Delhi: Oil India Ltd (OIL), the second state-run firm to hit the market with an offering of equity shares this year, may price its IPO that opens on September 7 at Rs 1,000-1,100 a share. OIL is looking at pricing its initial public offering (IPO) at closer to the prevailing share pr...

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FIIs turn net-buyers worth $6.4 billion in June quarter

Posted: 11 Aug 2009 08:12 AM PDT

Take a fancy to realty, banking & finance, engineering and oil & gas.Initial signs of recovery in world economies, a stable government in New Delhi and the positive impact of its stimulus packages substantially improved the sentiments of foreign institutional investors (FIIs) in...

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Nifty ends above 50DMA

Posted: 11 Aug 2009 08:11 AM PDT

Sensex gained 65 points or 0.4% at 15,074 while, Nifty ended higher by 34 points to shut shop at 4,471. Indian markets were back in action on Tuesday snapping a three day losing streak. The NSE Nifty index managed to take support at the 4,398 levels which is close to the 50 Day Moving Av...

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Bob Prechter “Quite Sure” Next Wave Down Will Be Bigger and March Lows Will Break -Wall Street

Posted: 11 Aug 2009 06:48 AM PDT

In late February, Robert Prechter of Elliott Wave International said “cover your shorts,” and predicted a sharp rally that would take the S&P into the 1000 to 1100 range. With that prediction having come to pass, Prechter is now saying investors should “step aside&...

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Stock futures little changed ahead of Fed meeting - Wall Street

Posted: 11 Aug 2009 06:18 AM PDT

Stock futures little changed as Federal Reserve begins meeting; productivity surges NEW YORK (AP) — Stock futures are little changed Tuesday as the Federal Reserve begins a two-day meeting that could provide new signs into how the economy is faring. A new report showing industria...

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