 All Market News |
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F&O Outlook: Expect firework in Dec series |
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The Nifty had completed its technical formality on Friday by closing above the resistance levels of 5,060 to keep the current bull-run moving. The index however expected to face resistance above the 5,100 levels next week. The SGX Nifty futures was down by over 50 points over the official close of 5,077 in the over the counter (OTC) session on Friday. The US and European markets closed more or less in a Doji pattern indicating indecisiveness among participants. If this weakness continues then we may see the gap down opening for the Nifty on Monday. |
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PNB may acquire majority stake in Kazakh bank |
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Punjab National Bank plans to acquire a majority stake in a Kazakhstan-based bank to expand its presence in Central Asia, its Chairman and Managing Director K R Kamath said here today. |
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Maoist hindering land acquisition for Tata steel project: Raman |
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Chhatisgarh Chief Minister Raman Singh today said Maoists are hindering acquisition of land for Tata Steel's proposed five million tonne integrated greenfield steel plant in the state. |
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F&O Outlook: Expect firework in Dec series |
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The Nifty had completed its technical formality on Friday by closing above the resistance levels of 5,060 to keep the current bull-run moving. The index however expected to face resistance above the 5,100 levels next week. The SGX Nifty futures was down by over 50 points over the official close of 5,077 in the over the counter (OTC) session on Friday. The US and European markets closed more or less in a Doji pattern indicating indecisiveness among participants. If this weakness continues then we may see the gap down opening for the Nifty on Monday. |
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Shipping: All hands on deck |
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The upswing in Baltic Dry Index numbers recently to a 14 month high closing at 4661 on 19 November 09, raised hopes that a revival for the shipping sector is afoot sending shipping stocks zooming. Freight and tanker rates dropped sharply in July - September 09 quarter, but gained strength in October 09 which has sustained through November 09 as well. |
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WEEKLY REVIEW: Markets end in green despite volatility |
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Late-noon short covering boosted markets to stage a spectacular recovery on the last trading day of this week. The Sensex gained 173 points from last week's close to end with a gain of 1% at 17,022. The Nifty surged 1% to 5,052, helped by banking and oil stocks. |
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ICICI Bank raises $750 m from 5-yr bonds |
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ICICI Bank today said it has raised $750-million (around Rs 3,465 crore) by issuing five-year bonds at its Bahrain branch. |
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FIIs net sellers Rs 298cr in F&O on Friday |
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The Foreign Institutional Investors (FIIs) were net sellers of Rs 297.99 crore in futures and options segments on Friday. |
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US markets drop on recovery worries |
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US markets slipped at the end of the week as worries about the economic recovery loomed once again. |
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FII-TO-FII TRADES: PNB traded at 4% premium |
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Trades between FIIs generated a volume of Rs 75 crore on the BSE Friday-an increase of 33.49% from Rs 56 crore clocked on Thursday. As many as eight stocks witnessed trades of 13 lakh shares on Friday. |
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Adhunik Metaliks raises Rs 137 cr via QIB issue |
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Steel products maker Adhunik Metaliks today said it will raise over Rs 137.13 crore by issuing around 1.39 crore shares to qualified institutional buyers (QIB). |
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Bharati to go by Sebi norms on Great Offshore offer |
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Bharati Shipyard (BSL) today said it would abide by the guidelines issued by the market watchdog Securities and Exchange Board of India (Sebi) on the Great Offshore open offer. |
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SRS Cinemas to invest Rs 50 cr by March 2010 |
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Theatre chain SRS Cinemas today said it will invest Rs 50 crore for adding 21 screens to its portfolio by the end of this fiscal, taking its total to 53 screens. |
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Galleon exits Edelweiss; sells 7% stake for Rs 255.54 cr |
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Galleon Group LLC, the US hedge fund whose founder Raj Rajaratnam has been charged with insider trading, has exited domestic brokerage firm Edelweiss Capital by selling entire 7.02 per cent stake in the company. |
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Suzlon Energy's three promoters pledge 2.8 cr shares |
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Wind power turbine maker Suzlon Energy today said its three promoters have, in total, pledged a further 2.80 crore shares, taking the total shares pledged by the company's promoters to 28.28 per cent. |
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Disinvestment of 4 PSUs likely to be completed in two months |
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Disinvestment process in four public sector undertakings is likely to be completed over the next two months, a top government official said today. |
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Tata Steel completes $546-mn exchange offer for CARS |
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Tata Steel has sold $546.9 million (around Rs 2,550 crore) of new 2014 convertible bonds to cut its funding cost for overseas acquisition. |
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Price Waterhouse auditor moves SC, seeks bail |
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Price Waterhouse auditor Srinivas Talluri, arrested in Satyam fraud case for allegedly conniving with its founder B Ramalinga Raju and other aides, has moved the Supreme Court seeking bail in the matter. |
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Air India pilots defer strike by six days |
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Air India pilots, protesting management's moves to cut their salaries and allowances, today deferred their strike threat from November 24 by six days, even as the conciliation talks remained inconclusive. |
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HPCL-led consortium holds petrochem complex at Vizag |
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State-run oil refiner Hindustan Petroleum Corporation (HPCL)-led consortium has temporarily put on hold its proposed Rs 30,000 crore petrochemicals complex at Visakhapatnam, a top official said today. |
