Posted by Indrodeep Banerjee on November 30, 2009
Total Views - 2370
On Monday markets opened with gap on the back of firm cues from the Asian markets. Asian stock markets made a sharp rebound on Monday after the United Arab Emirates central bank on Sunday pumped more liquidity into its banking sector in a move to contain the fallout from Dubai”s debt crisis. Realty, Metal, Auto and Capital Goods stocks witnessed the rally on significant buying interest from the investors.
Markets gained further grounds after the India’s GDP figure for the second quarter came in better than expected as it grew surprisingly at 7.9 per cent against Click Here To Read Full Article »
Posted by Indrodeep Banerjee on November 29, 2009
Total Views - 2297
There are few Indian companies having transactions with Dubai region.Indian infrastructure companies especially have exposure to the Dubai economy.
These are the list of the few companies that can have impact on their business due to the Dubai world debt:-
Nagarjuna Construction
Nagarjuna Construction has only one 440-apartment project in Dubai. Now, the company is also doing a Rs 100-crore water pipeline project at Dewa, Dubai but as of now Click Here To Read Full Article »
Posted by Indrodeep Banerjee on November 27, 2009
Total Views - 2185
On Friday markets opened with huge loss and jittering with strong selling pressure across all the counters after the debt crisis of Dubai World, accumulating debt of 80bn USD.
After the gap down opening bloodbath continued across all the counters of the market until late afternoon when the investors resorted into some value buying which helped the markets to gain some grounds and recover from the days lows.
Markets finally managed to close much above the days low but in the negative territory. It closed below the 5 DMA and 20 DMA levels and RSI below 15 indicating few days of struggle for the markets before it Click Here To Read Full Article »
Posted by Indrodeep Banerjee on November 25, 2009
Total Views - 2176
On Wednesday markets opened flat on a mixed cues from global markets. But suddenly the markets managed to gain grounds from the early lows and surged up into the positive territory as investors started buying shares at lower level and covering their short positions a day ahead of fno expiry.
Markets faced resistance in the afternoon session at the higher levels, exactly at the resistance level calculated by us of 5138. Markets witnessed some profit booking after the early surge and turned volatile before the closing of the days trading .
Markets finally Click Here To Read Full Article »
Posted by Indrodeep Banerjee on November 24, 2009
Total Views - 1965
On Tuesday markets opened on a positive note but soon slipped into the reds on the back of negative cues from the other Asian markets.
Markets witnessed profit booking after the sharp rally of previous few trading session, but some buying came in around the support level which helped the markets to recover from the days low and end the day with marginal loss.
Markets finally managed to close with marginal loss after the days volatile trading session above 5 DMA Click Here To Read Full Article »
Posted by Indrodeep Banerjee on November 23, 2009
Total Views - 1878
On Monday markets opened on a positive note with boost in oil and gas sector on strong buying support from the investors and traders.
Markets witnessed strong buying across all the sectors. Strong European markets further added to the positive investor sentiments which helped the markets to close near the days high.
Markets finally managed to Click Here To Read Full Article »
Posted by perfect call on November 19, 2009
Total Views - 1783
Pratibha Industries today announced that it has secured the contract of circulating water and make-up water system civil works package for Mauda super thermal power project (2 X 500mw) from NTPC.
The total value of the contract is Rs 588.5 million. This excludes the cost of raw material to execute the project. The project has various components namely, intake well in river Kanhan, intake water pump house over the intake well, circulating water pump house,circulating water ducts from pump house to cooling tower, RCC CW channel, raw water pump house, laying of make water pipeline and effluent disposal pipeline etc.
The project is to be executed in 21 monthsThe company is engaged in the business of integrated Infrastructure solutions and manufacture of SAW pipes. As the company moves ahead and have laid increased emphasis on devising its business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies.
Shares of the company gained Rs 40.5, or 18.27%, to trade at Rs 262.15. The total volume of shares traded was 652,789 at the BSE (Wednesday).
Posted by perfect call on November 15, 2009
Total Views - 1502
buy ongc at cmp and book profit above 2%up
Posted by Indrodeep Banerjee on
Total Views - 1517
With no major domestic trigger, the equity market is expected to move with the global markets. But upward journey is likely to continue with positive sentiment.
China’s fiscal revenue for Oct. rises
China’s fiscal revenue for October reached Click Here To Read Full Article »
Posted by Indrodeep Banerjee on
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Inflation for the month of October is up 1.34% as against 0.50% m-o-m and 11.06% y-o-y.The government has also revised its August rate to -0.17%.
Minerals items up by 3% at 587 (MoM)
Fuel group surged by Click Here To Read Full Article »
