Thursday, August 20, 2009



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Intraday calls for 21-08-09

Posted: 20 Aug 2009 08:49 PM PDT

Sell Nucleus Software at 110, target: 104. Stoploss: 113 If markets see recovery later during the day, buy: Mindtree View Market hour calls ...

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World markets overbought: Marc Faber

Posted: 20 Aug 2009 04:14 AM PDT

BANGKOK: Investment guru Marc Faber says markets across the world are overbought and Indian markets may have peaked for the year. He expects the dollar to rebound over the next three months. Excerpts from the conversation: Your call on China and the weakness that has crept in over the ...

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Now, apply for an IPO through SMS

Posted: 20 Aug 2009 04:09 AM PDT

Mumbai: Ekkay Magic, a Baroda-based IT services company that focuses on software development and related services, has launched a service that allows investors to apply for an IPO through SMS. “SMS IPO”, a service that can be offered by any broker, allows registered users to ...

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Inflation rises marginally

Posted: 20 Aug 2009 04:08 AM PDT

Aug Inflation for the week ended August 8 rose slightly to (-)1.53 per cent against (-)1.74 per cent in the previous week. Inflation in the corresponding week in the previous year was 12.82 per cent. Prices of food articles continued to rise over the previous week. Bajra and urad prices...

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Centre eases borrowing rules for states

Posted: 20 Aug 2009 04:06 AM PDT

This will enable the States to borrow up to 4% of their respective Gross State Domestic Product (GSDP) during 2009-10 The States will have to suitably amend their respective fiscal responsibility legislation if so required The Union Cabinet on Thursday approved the relaxation of the Deb...

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Now, mutual funds switching to sell-mode

Posted: 20 Aug 2009 04:05 AM PDT

COIMBATORE: With markets remaining patchy due to concerns about poor monsoon and the strength of the global recovery, mutual funds (MFs) are slowly moving to the sell-mode. MFs have net sold equity worth Rs 756.7 crore in this month (up to August 17), data with SEBI shows. The volatility...

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Adani Power shares make disappointing debut

Posted: 20 Aug 2009 04:04 AM PDT

MUMBAI: Shares in Adani Power bounced around the issue price of 100 rupees after a shaky opening for India’s first large IPO in 18 months, a performance that may prompt other listing hopefuls to lower their valuation expectations. At 0529 GMT, shares in Adani Power, which raised $...

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Stocks in news: HOEC, HDFC, Sun Pharma, Bharati Ship

Posted: 19 Aug 2009 09:16 PM PDT

Here are stocks that are in news today: Adani Power to list today, issue price Rs 100 ((grey market premium Rs 10-12)) Sterlite - Sources -Sterlite to raise bid for Asarco to nearly $2.1 billion -Sterlite raises bid to maintain participating interest -Alert: Grupo Mexico raised Asarc...

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