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Arindham Ghosh, CEO of Mirae Asset, said that prospects of growth appear bleak and that we may be in for deeper recession. He said the current situation could stretch for 68 quarters. The company, he added, has Q3 earnings estimate of 11.5% growth, FY09 in high single digits. read more
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Bharti Telesoft says, "May push back IPO by up to 36 months due to market turmoil," reports CNBCTV18 quoting Agencies. read more
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According to India Capital Markets' Technical Outlook, Nifty has a support at 2651 2616 and faces resistance at 2711 2758. read more
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Technical analyst Sudarshan Sukhani feels the market is headed lower and that it can have a rally within the lower levels itself. There can be a choppy session, he said. Nifty crossing the 3300 mark, he said, is most unlikely but there are probabilities of it heading below 2500. read more
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According to Angel Broking's Technical Analysis report, on the downside, 8740/2630 levels may act as support for the day. read more
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According to SKP Securities' Technical Analysis report, Nifty has its support at 2525 and resistance at 2980. Corresponding levels for sensex are 8700 and 9330/9417. read more
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Amit Dalal of Amit Nalin Securities expects the market to be choppy and volatile today. He feels investors want to stay away from the market at this point in time and said that the G20 meet ending with no concrete has added to the prevalent uncertainty. read more
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Some bounceback from 26302640 level is expected. Options volatility continue to be on the higher side. There is no aggressive call writing happening at higher level and volumes continue to be low, says Tushar Mahajan. read more
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The market may see an intermediate pullback if liquidity is eased further in the nearterm. Deleveraging by FIIs has reduced in the past few days and Nifty is unlikely to hit Oct lows, says Deven Choksey. read more
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Two of the world's largest mobile operators, China Mobile and India's Bharti Airtel, are eyeing global acquisitions, underlining a shift in momentum in the sector from developed operators to cash-rich companies from emerging markets read more
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Tata Steel has unveiled plans to double its profit margins over the next five years, in spite of the battering the sector is suffering from the downturn in the global economy read more
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Leading executives in India's property and information technology industries gave warning of a severe slowdown as the global financial crisis spills over into one of the world's most promising emerging economies read more
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