Monday, August 17, 2009



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Intraday calls for 18-08-09

Posted: 17 Aug 2009 08:43 PM PDT

Buy Indian Oil corporation at 569, target: 584. Stoploss: 563. If markets show weakness later during the day, Sell: Bhushan Steel Ltd View Market hour calls ...

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Japan also moves out of recession

Posted: 17 Aug 2009 08:36 AM PDT

Japan`s economy grew by 0.9% in the April-June quarter from the previous quarter on the back of improved exports and an increase in private spending After Germany and France, it is now the turn of Japan to pull out of the worst recession in several decades. Data released by the Governmen...

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Look for a breakout above 4,625

Posted: 17 Aug 2009 08:35 AM PDT

The intermediate trend is weak despite the net gains last week The market registered net gains while moving inside a relatively narrow range. The Nifty was up 2.2 per cent, closing at 4,580.05 points while the Sensex gained 1.66 per cent at 1,541 points. The Junior was ahead by 2.6 per c...

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McNally Bharat Engg bags Rs 151 cr order from BHEL

Posted: 17 Aug 2009 03:30 AM PDT

Mumbai: McNally Bharat Engineering Company on Monday said it has bagged an order worth Rs 151.50 crore from the state-run power equipments maker Bharat Heavy Electricals Ltd (BHEL) for a coal handling plant. The company has received an order from BHEL, Chennai for design, engineering, er...

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NHPC IPO price fixed at Rs 36

Posted: 17 Aug 2009 03:29 AM PDT

New Delhi: The government has fixed a price of Rs 36 a share for the allotment of shares in the initial public offer of NHPC, thus raising Rs 6,048 crore, of which one-third would go to the Centre as disinvestment proceeds and the rest would remain with the hydro power utility PSU. Accor...

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China scare spooks world markets

Posted: 17 Aug 2009 03:27 AM PDT

The Shanghai Composite fell 5.8% to 2870.Nikkei index in Japan fell 3.1% 10,268 and Hang Seng index declined 3.6% to 20,137. Equity markets all over the world are witnessing heavy offloading on Monday. Sell off is not only seen in the Indian markets but in the Asian, European and also th...

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