Monday, September 7, 2009



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Intraday calls for 08-09-09

Posted: 07 Sep 2009 08:44 PM PDT

Buy Gujarat NRE coke at 56.50, target: 59. Stoploss: 55.70 Buy Bank Nifty above 7730, target: 7900. Stoploss: 7660 View Market hour calls ...

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Stocks in news: Wall Street Fin, L&T, ITI, McNally Bharat

Posted: 07 Sep 2009 08:22 PM PDT

Oil India IPO subscribed 1.28 times on day 1, QIB portion 2.3 times ((issue closes on September 10)) Wall Street Finance -BK Modi acquires 51% stake in Wall Street Finance -Spice Investment acquires 14.4% stake in via block deal at Rs 55/share -Spice Investment acquires remaining 36.6...

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Gold to touch US$1,200 by end Dec: Suresh Hundia

Posted: 07 Sep 2009 08:05 AM PDT

International gold prices may touch US$1,200 an ounce by the end of December, 2009 Suresh Hundia, president of the Bombay Bullion Association, said that investment demands by gold exchange-traded funds and China buying more gold reserves will help achieve this target. Gold steadied belo...

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Tech Mahindra bags $400mn Etisalat order

Posted: 07 Sep 2009 08:01 AM PDT

NEW DELHI: Etisalat DB Telecom and its subsidiary today awarded a contract to Tech Mahindra under which the IT solutions firm will manage the IT applications and infrastructure requirements of the telecom firm. The contract is for the proposed roll out of Etisalat’s telecom service...

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World markets in M&A grip…Kraft-Cadbury deal in focus

Posted: 07 Sep 2009 07:59 AM PDT

Cadbury has rejected the bid but Kraft said it was committed to working toward a recommended transaction and to maintaining a constructive dialogue Stocks in Europe rose with food companies among the top performers after Cadbury received and rejected a takeover offer from Kraft Foods. Ca...

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Markets end at 15-month high

Posted: 07 Sep 2009 07:58 AM PDT

The Sensex soared above 16,000 on the back of strong global cues and hopes of an easing recession. The Nifty too ended at a fresh 15-month high at 4,783.The Bombay Stock Exchange benchmark index opened with a positive gap of 104 points at 15,793, mirroring gains in Asian markets. The ind...

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L&T eyeing DBS Chola’s India fund operation: Report

Posted: 07 Sep 2009 07:57 AM PDT

MUMBAI: The financial services unit of Larsen & Toubro Ltd is in talks to buy Cholamandalam DBS Finance’s domestic mutual fund operation, two sources familiar with the matter said. “We are working on their behalf,” one source said, referring to L&T Finance, a ...

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