Wednesday, September 9, 2009



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Intraday calls for 10-09-09

Posted: 09 Sep 2009 08:50 PM PDT

Markets likely to open gap up. Nifty has resistance at 4850. Buy HDFC above 2560, target: 2610. Stoploss: 2530. View Market hour calls ...

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Fed Survey: Worst Recession Since 1930s Appears to Be Over-

Posted: 09 Sep 2009 12:44 PM PDT

WASHINGTON (AP) — Economic activity is stabilizing or improving in most of the U.S., according to a new government survey, adding to evidence that the worst recession since the 1930s is over. The Federal Reserve’s snapshot of economic conditions backs predictions by Fed Chair...

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Bharti, MTN in early agreement on tie-up: Report

Posted: 09 Sep 2009 09:34 AM PDT

LONDON: Mobile-phone company Bharti Airtel and South Africa’s MTN have reached a preliminary agreement for their planned $24 billion share and cash swap, Bloomberg reported on Wednesday. However, Bharti Airtel denied that any agreement has been reached with MTN and said that discuss...

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Sensex may see modest correction in near term

Posted: 09 Sep 2009 06:14 AM PDT

The index is trading at a P/E of over 19 times. After trading in the range of 15,100-16,000 during the period between the middle of July and September 7, 2009, the BSE Sensex has finally crossed and closed above the upper band. Not only has the Sensex doubled from its multi-year lows (on...

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NSE to penalise fake trades in F&O segment

Posted: 09 Sep 2009 06:13 AM PDT

The report stated that the exchange will also cut transaction fees for trades done in the futures segment. The National Stock Exchange of India Ltd. (NSE) will levy fees to prevent traders from placing a very large number of unproductive orders that don't result in trades in the future...

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Avesthagen to raise Rs 850-950 cr from IPO

Posted: 09 Sep 2009 03:46 AM PDT

Biotechnology company Avesthagen Ltd plans to raise Rs 850-950 crore next year, and this includes a revived public issue plan and overseas funds. Of this, the company would raise Rs 600-700 crore from an initial offer in the first half of 2010. “[Funding] is going to be on two cha...

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