2 votes
Reliance Industries, controlled by Mukesh Ambani, India's wealthiest man, is set to take a rival group run by his younger brother Anil to the Supreme Court in a gas dispute
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6 votes
Independent News & Media (INM), the publishers of The Independent has sold 7.3 per cent of its stake in India media company, Jagran Prakashan through block deals. On Wednesday the company sold 45 lakhs shares for an average price of Rs 67.56
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4 votes
4 votes
Chennai, July 2 Turnover remained moderate at Rs 52,918.55 crore in the F&O segment on the NSE on Thursday. The Nifty July future maintained its discount and closed at 4,345.8 against the spot close of 4,348.85. It accumulated 6.98 lakh
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2 votes
Kolkata, July 2 Analysts, strategists and economists felt on Thursday that the Economic Survey failed to provide clear clues for the market, but did not let the optimism flag. Increasing administered retail petroleum product prices on Wednesday
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2 votes
Mumbai, July 2 Mr Ajay Srinivasan, Chief Executive, Financial Services, Aditya Birla Management Corporation, believes that India has a lot of things going in its favour right now even while the rest of the world is falling apart. It is his view
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7 votes
Mumbai, July 2 The asset base of the mutual fund industry grew 4.9 per cent in June, recording the lowest monthly growth during the quarter, partly due to banks and corporations withdrawing money for advance tax
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2 votes
Mumbai, July 2 A technical snag at Bombay Stock Exchange led to several shares surging beyond their circuit limits on Thursday, leading to a lot of confusion among investors, particularly retail investors.
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3 votes
We recommend a ‘sell’ in Tata Motors from a short-term trading perspective. It is apparent from the charts of Tata Motors that it was on an intermediate-term uptrend between early February and early June (from Rs 126 to Rs 403).
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2 votes
Mumbai, July 2 Ignoring some of the positive cues in the Economic Survey for 2008-09, the Sensex ended flat at 14,658 (up 13 points) on Thursday.
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5 votes
Sandeep Bharadwaj, CEO and Head Equity Strategy, Tower Capital, said the top sector to trade ahead would be sugar and, to an extent, power. International sugar prices will make 10 to 25year highs in the months to come. Globally, we are seeing a huge demandsupply deficit and that can not be prevented by any form of government polices."
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6 votes
Deven Choksey of KR Choksey Securities said that projects take time to fructify and balance sheets to get buildup and so he recommended waiting for some correction before buying the stocks.
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6 votes
Finance Minister Pranab Mukherjee unveiled in Parliament the governments Economic Survey 20082009. The economic survey is high on reforms and divestment and was met with two reactions from most: one of being high on promise but also, at the same time, being a little too good to be actually delivered.
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3 votes
Manish Chokhani of Enam Securities is of the opinion that economic recovery would take longer than expected. He still believes recent upmove is bear market rally. He, however, feels it is unlikely for the Sensex to go back to 21,000 levels this year. Liquidity will flow into longerterm sustainable assets, he said.
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8 votes
Technical Analyst Ashwani Gujral expects the market to trade in a range of 4,2504,450 till the budget. "I do not think the market has enough legs to take out 4,440 before the budget." He sees support for the Nifty around 4,2004,500.
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