Wednesday, September 30, 2009



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Intraday calls for 01-10-09

Posted: 30 Sep 2009 08:49 PM PDT

Buy HMT at 74-75, target: 79. Stoploss: 72 If markets show weakness later during the day, sell: Reliance Industries. View Market hour calls ...

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Stocks in news: Bharti, ICICI Bank, Glenmark, Biocon

Posted: 30 Sep 2009 08:37 PM PDT

Bharti-MTN Deal terminated Bharti says Have decided to disengage from exclusive talks with MTN South African govt unable to accept deal structure in current form Hope South African govt will review position on MTN in future To continue to explore international opportunities May re-e...

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Expect 10-20% correction in Asia: Macquarie Securities

Posted: 30 Sep 2009 08:33 PM PDT

Daniel McCormack, Macquarie Securities: I am cautious on Asian equities as cyclical indicators have started turning down. I expect 10-20% correction in Asia ex-Japan, which would be a buying opportunity in India. I like banking and infra companies in India. source: Read More..

Bharti-MTN deal termination: How will the stock react?

Posted: 30 Sep 2009 01:16 PM PDT

The much-anticipated deal between India’s Bharti and South Africa’s MTN has botched yet again. On the news of termination, MTN shares fell 3% from the day's high, to close down 1%. Rand fell over 2% versus dollar. The company has requested the SA exchanges to suspend tradin...

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India faces worst drought in nearly 40 years

Posted: 30 Sep 2009 08:01 AM PDT

NEW DELHI (AP) — India is facing its worst drought in nearly 40 years because of a once-in-a-generation shortfall in summer rains, a meteorologist said Wednesday, a shortage that threatens to stall the country’s recovery from the global economic downturn. Rainfall during the ...

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Sensex @17K: Markets to consolidate, select opportunities remain

Posted: 30 Sep 2009 07:57 AM PDT

Nirmal Jain, CMD , India Infoline feels that the valuations are no longer cheap but are not prohibitively expensive either. He feels there still is investment opportunity available in select sectors and stocks. Here is his take on Sensex reaching the 17 K level: 17000 on the index, the...

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Bharti-MTN $23 bn deal called off

Posted: 30 Sep 2009 07:55 AM PDT

MUMBAI: India’s Bharti Airtel said late on Wednesday it and South Africa’s MTN had called off talks for a planned tie-up due to the inability of the South African government to accept the deal in current form. Bharti said it will continue to look for international opportunit...

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Realty cos line up IPOs to raise over Rs 11,000 cr

Posted: 30 Sep 2009 07:54 AM PDT

New Delhi: Buoyed by positive market sentiments and demand revival in housing, four real estate companies - Emaar MGF Land, Lodha Developers, Sahara Prime City and Ambience Ltd - are looking to mop-up over Rs 11,000 crore through public offerings. The four realtors on Tuesday filed their...

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Posted: 30 Sep 2009 01:36 AM PDT

BUY 3IINFOTECH CMP 87.90, TARGET: 91-93, SL 82 Call given by Kartik View Market hour calls ...

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