Archive for December, 2008
JSPL moves forward on captive power units plan in Chhattisgarh and Orissa
Wednesday, December 31, 2008 10:20 am No CommentsJindal Steel and Power (JSPL) presently trades at Rs 919.50, up by 6.25 points or 0.68% from its previous closing of Rs 913.25 on the BSE. The stock opened at Rs 921, and touched a high of Rs 929.95 with a low of Rs 915. So far, 6,583 shares were traded on the BSE.
Opening Note: Market to see a stable opening due to good global cues
Wednesday, December 31, 2008 9:45 am No CommentsThe domestic market is likely to see a positive start, continuing the rally of last two consecutive days. The global cues are indicating a good opening as the US market has closed with a rally and the Asian indices have made a firm opening, though trading today is expected to see a thin volume.
Closing Note: Market sees the second consecutive pullback rally
Tuesday, December 30, 2008 5:05 pm No CommentsThe domestic market saw a second consecutive afternoon pullback rally. The indices witnessed a stable opening in the morning but skided after initial trades on profit booking. The expectation of interest rate reduction by the banking regulator RBI put new life into the banking sector stocks in the latter half while the hope of the second stimulus package by the government has kept the interest of the investors alive.
Reliance Communications moves forward on GSM rollout announcement
Tuesday, December 30, 2008 3:25 pm No CommentsShares of Reliance Communication have seen a spurt after the announcement of a pan-India GSM service rollout pan the Anil Dhirubahai Ambani Group chairman Anil Ambani.
Tantia Constructions gains on receiving major order
Tuesday, December 30, 2008 2:53 pm No CommentsTantia Constructions presently trades at Rs 42.15, up by 1.15 point or 2.80% from its previous closing of Rs 41 on the BSE. The scrip opened in the red at Rs 39.35 and has touched a high at Rs 43 and a low of Rs 39. So far, 2,611 shares were traded on the BSE.
Midday Note: Good opening in Europe spurs the domestic market
Tuesday, December 30, 2008 2:38 pm No CommentsA good opening by key markets in Europe kindled sentiments in the domestic equities indices, which are sitting pretty in the green zone. The bounce-back resulted in all sectoral indices trading in the positive terrain with realty, auto, banking and capital goods in top demand.
Suzlon Energy increases its stake in REpower to 73.71%
Tuesday, December 30, 2008 1:58 pm No CommentsSuzlon Energy has obtained the first tranche of Martifer Group’s stake in REpower Systems AG, Germany for a payment of nearly Euro 65 million.
Midday Note: Market trades flat amid a jerky session
Tuesday, December 30, 2008 1:29 pm No CommentsThe domestic equities market trades flat after a stable opening on supportive Asian cues. The Indices that began in the green entered the red zone within an hour of trade as profit booking started at higher levels, though the breadth was good but the heavy selling forced them to bear the brunt.
M&M moves up on stake sale plan in Swaraj Mazda to Sumitomo Corporation
Tuesday, December 30, 2008 1:23 pm No CommentsMahindra and Mahindra presently trades at Rs 258.85, up by 3.10 points or 1.21% from its previous closing of Rs 255.75 on the BSE. The scrip opened at Rs 259, and touched a high of Rs 265.80 with a low of Rs 251.95. So far, 117,457 shares were traded on the BSE.
Religare Technova Global delights as the board agrees for acquisition of OliveRay
Tuesday, December 30, 2008 1:10 pm No CommentsReligare Technova Global Solutions presently trades at Rs 24, up by 1 point or 4.35% from its previous closing of Rs 23 on the BSE. The scrip opened at its previous closing of Rs 23 and has touched a high at its current trading of Rs 24 with a low of Rs 22.40. So far, 3,692 shares were traded on the BSE.
