Friday, August 14, 2009



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Stocks drop as investors worry about consumers - Wall Street

Posted: 14 Aug 2009 08:29 AM PDT

Stocks retreat after 2 days of gains as investors worry consumers will hurt economy’s recovery NEW YORK (AP) — The fear on Wall Street is that nervous consumers are going to short-circuit the economic recovery. Stocks fell sharply Friday after investors were disappointed by...

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Bulls overcome drought, Swine Flu jitters

Posted: 14 Aug 2009 06:07 AM PDT

For the week, the BSE 30-share Sensex added 1.7% and NSE Nifty added 2.2% during the week. Deficit monsoon and H1N1 virus (Swine Flu) were ignored as the market welcomed upbeat IIP data and the draft of the new Direct Tax Code, especially the scrapping of the STT. On the global front, th...

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Weekly report…Instanex FII Index up 1.08%

Posted: 14 Aug 2009 06:05 AM PDT

Of the 15 components of the Instanex FII Index, 11 were up and four were down. The main gainers were ONGC (+7.03%; weight 4.78%), Bharti Airtel (+5.30%; weight 11.03%) and SBI This week, the Instanex FII Index was up 1.08% at 323.96 and the Instanex DII 15 portfolio was up 1.80%. Nifty w...

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Six of world’s top 10 economies out of recession

Posted: 14 Aug 2009 06:04 AM PDT

Some light showed up at the end of the recession tunnel on Wednesday as France and Germany announced unexpected returns to the growth path, which means that four of the world's five largest economies and six of the top 10 are now not in recession. Adding to the sense of optimism, the ...

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Great Eastern Energy IPO by Dec-end, to raise Rs 400 cr

Posted: 14 Aug 2009 06:03 AM PDT

Great Eastern Energy Corp (GEECL), a coal-bed methane explorer, plans to raise around Rs 400 crore through an initial public offer (IPO) by December-end to fund expansion plans. “We definitely plan to hit the market by the end of this calender year. We plan to raise around Rs 400 c...

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It’s official now: this is a drought year

Posted: 14 Aug 2009 03:15 AM PDT

New Delhi With three quarters of all districts receiving deficient rainfall so far and the overall rain deficit worsening since last week, the country seems headed into the worst drought year over the last two decades. Signalling the seriousness of the crisis, the Government set up a 10-m...

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JSW Energy to come out with IPO, files prospectus with SEBI

Posted: 14 Aug 2009 12:36 AM PDT

JSW Energy is set to come out with an initial public offering (IPO) and has filed the draft red herring prospectus with regulator Securities Exchange Board of India (SEBI), Seshagiri Rao, Joint Managing Director and Group CFO of JSW Steel, told CNBC-TV18 in an interview. JSW Energy is pr...

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Nifty flat; ONGC, Reliance Infra, GAIL top gainers

Posted: 14 Aug 2009 12:34 AM PDT

At 12.09 pm, the Nifty was trading flat since morning and showed no signs of direction either way. Some buying interest was seen in oil & gas, metals, auto and power stocks. However, IT, FMCG, banking stocks were trading weak. The boarder indices were witnessing good buying interest....

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