The Indian markets are likely to remain rangebound in the coming fortnight. The markets seem to lack much upside above the level of 5,550 on the Nifty. It has support at the 5,450 level.
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Brokerage firm Angel Broking feels the current fiscal will be a tough year for the cement sector. In an interview with CNBCTV18's Latha Venkatesh and Anuj Singhal, Rupesh Sankhe, Cement Analyst, Angel Broking said excess supply is going to hurt cement players badly in FY11.
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Markets are in no mood to change its current position, believes Rajan Malik of Anand Rathi Financial Services. Nifty will continue to face tough resistance at 55505600 and can go down to 5,3505,400 on the downside and 5,5505,600 on the upside. He says there is no evidence of any marketmoving trigger in the periphery.
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CNBCTV18's Udayan Mukherjee caught up with Dharmesh Mehta, HeadBroking of ENAM Securities at the sidelines of their FII conference in London to find out the overall sentiment among investors.
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There is no reason to get apprehensive about the future just yet, believes Anand Tandon, director (equities) at Brics Securities. Talking to CNBCTV18, he said the markets will not correct to the extent of 2008 levels. In fact, markets should move up a little if global cues exhibit stability.
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Film production, distribution and exhibition company Midvalley Entertainment is planning to Rs 60 crore from the capital market.
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Technical analyst Ashwani Gujral is bullish on Godrej Properties, Texmaco, Exide Industries, SKS Micro and Dhampur Sugar. He advises traders to buy into these stocks.
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The central point remains that the quicker the US stock market falls from here, the quicker the Fed will commence the next wave of quantitative easing, says Chris Wood of CLSA.
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Widening volatility spreads between ChinaIndia and USIndia indicate that investors are too sanguine about India's prospects, says Clive McDonnell of BNP Paribas.
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The promoters of Binani Cement have increased their stake in the company by five per cent through buyback by paying Rs 130 crore, the company said in a filing with
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Turnover remained healthy at Rs 84,089.47 crore on Thursday. The Nifty futures remained in the premium to close at 5498.85 over the spot close of 5486.15. The Nifty futures added 10.6 lakh shares or 3.23 per cent in open
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Undeterred by the plethora of power projects that are expected to go on stream in Tamil Nadu in the next year or two, Coimbatore-based MPS Group plans for a 300 MW power project in Thoothukudi district in south Tamil
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Steel pipe producer Welspun Corp was up three per cent in Thursday's trade on news of the company bagging orders worth Rs 700 crore. These orders take the company's order book to Rs 5,400 crore, enhancing earnings visibility and improving
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Concerns over lower return on equity from Adani Power's Mundra Phase-III project following a recent ruling appear to be
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After experiencing negative growth in the average assets under management (AUM) in June and July, August has finally borne good news for the mutual fund industry with the AUM growing by 3.30 per
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