Live Chart 18

Valecha Engineering jumped 4.89% to Rs 110.40 at 11:52 IST on BSE, after the company's board approved raising funds upto $20 million.

Suven Life Sciences was locked at 5% upper limit at Rs 25.85 at 11:28 IST on BSE, after the company secured three European patents on new chemical entities.

Abu Dhabi's bourse falls 7 pct

Jay Shree Tea and Industries rose 3.86% to Rs 354.90 at 11:01 IST on BSE on reports the company is close to announcing its first overseas acquisition in Uganda

Oil & Natural Gas Corporation gained 1.21% to Rs 1182.30 at 10:54 IST on BSE, on reports the company found traces of a new oil reserve in Gujarat which could increase the company's total onshore oil production by about 20%.

30 Nov, 2009

Span Diagnostics was locked at 10% upper limit at Rs 69.30 at 10:23 IST on BSE, after the company bagged an order worth Rs 22.96 crore.

DUBAI/HONG KONG - Investors braced for a 10 percent fall in United Arab Emirate stocks on Monday as the market reopens for the first time since Dubai called for a delay in repaying billions of dollars in debt, spooking global markets.

MMTC jumped 5.76% to Rs 35900 at 11:56 IST on reports the government plans to divest stake in the company in the first quarter of next fiscal

BANGALORE - Wipro Ltd, India's third-largest software services exporter, will be able to sustain its operating margins in the near term as the business environment improves, a top executive said.

Reliance Industries rose 2.16% to Rs 2223.15 at 11:20 IST on reports the company has reopened 900 fuel stations which were shut down when state firms were selling heavily subsidised fuel.

Bharat Heavy Electricals rose 0.70% to Rs 2250.60 at 11:30 IST on BSE, after the company bagged an order worth Rs 5600 crore.

J Kumar Infraprojects rose 2.02% to Rs 186.90 at 11:09 IST on BSE, after the company bagged an order worth Rs 8.75 crore from Larsen & Toubro.

Suzlon Energy gained 1.26% to Rs 72.30 at 10:47 IST on BSE, after the company's Australian arm, Suzlon Energy Australia Pty, signed a pact with Infigen Energy for supplying wind turbine generators.

WASHINGTON - The United States and India will establish a new economic partnership which U.S. Treasury Secretary Timothy Geithner will help formally launch in India early next year, the White House said on Tuesday.

 

 

 MUMBAI - Shares in energy major Reliance Industries rose  

more than 1 percent early on Monday after the company said

over the weekend it made a cash offer to buy a controlling

interest in bankrupt petrochemicals company Lyondell Basell

Industries.

Pratibha Industries rose 2.06% to Rs 267.70 at 9:55 IST on BSE, after a joint venture of the company secured an order worth Rs 309.46 crore.

Volatility ruled the roost as the key benchmark indices hit fresh intraday lows in mid-morning trade ahead of a key economic data. The BSE 30-share Sensex was down 62.10 points or 0.37%, off close to 105 points from the day's high. The S&P CNX Nifty fell below the psychological 5,000 mark. The Nifty had regained the 5,000 level on Wednesday, 11 November 2009. Banking, realty and metal stocks fell. But telecom stocks rose. Index heavyweight Reliance Industries edged lower.

Cipla rose 1.07% to Rs 308.10 at 11:18 IST on BSE on reports it has launched generic versions of anti-flu drugs oseltamivir and zanamivir in the local market to treat the H1N1 flu virus

MUMBAI - Infosys Technologies' business process outsourcing arm said on Thursday it had signed a deal to acquire U.S.- based McCamish Systems for an upfront payment of $38 million, and an additional $20 million based on targets.

DLF gained 1.76% to Rs 390.80 at 10:23 IST on reports its promoters have reached an agreement with DE Shaw to buy out the hedge fund's stake in the privately owned DLF Asset .

Indiabulls Real Estate dropped 1.81% to Rs 239.15 at 10:49 IST on BSE after four bulk deals aggregating 6.46 crore shares were executed on the BSE at an average price of Rs 241.26 per share in early trade. More
Aurobind

JSW Steel rose 4.56% to Rs 850 at 11:53 IST after a group company JSW Energy recieved approval for an initial public offer from the Securities and Exchange Board of India.

Alstom Projects India rose 2.96% to Rs 537 at 10:57 IST after the firm won contracts worth Rs 365 crore from Hindalco Industries for supply and installation of four gas treatment plants.

Reliance Industries on Tuesday announced its first oil discovery in its exploration block in the Cambay Basin off Gujarat.

Emami jumped rose 2.11% to Rs 473.99 at 10:33 IST on reports the company is diversifying into cement business and will invest Rs 1,750 crore to set up production units in the next three years.

LONDON - The timing of the withdrawal of stimulus steps for India's economy will be decided when it becomes clear the economy is recovering, but there will be no fresh stimulus, Finance Minister Pranab Mukherjee said on Sunday.

"I have indicated we will decide when the economy is on the path of recovery. Then we will decide how to exit," he said.

"Will there be further stimulus? I have indicated there is no question of further stimulus."

Backbone of Japan's IT industry? Indian engineers!

Govt defends new inflation indexes

4 Indians charged in Wall St hedge fund scam

Morgan Stanley buys 21 lakh shares of Indiabulls Power

Who built Berlin Wall? Most Russians don't know

BSNL introduces per-second billing plan

ADAG loses Sudeep Bandhyopadhyay to B K Modi's Spice

NHAI may get $400 mn ADB loan next month

Oil rises toward $80, eyes on U.S. October jobs data

Technical Analyst, Sudarshan Sukhani

• Hungry Man Buy This

Buy IDBI Bank, says Sukhani

Sukhani told CNBC-TV18, "Don’t touch IFCI. I am not a fan of that stock; it hurts investors and traders every time you touch it. IDBI remains a buying opportunity for the short-term traders as well as for a person who wants to make an investment. So that’s a stock you buy on every dip.”

 

Trade Punj Lloyd on long side: Sukhani

 

Sukhani told CNBC-TV18, "Punj Lloyd has come back to Rs 180 roughly Rs 186, so it clearly found some significant chart support there. My sense would be that it’s worth trading Punj Lloyd now on the long side rather than to look for more weakness."

 

Buy SBI, says Sudarshan Sukhani

 

Sukhani told CNBC-TV18, "I would back SBI for an intraday move and also because if the Nifty moves up as it suggests that it is likely to do, State Bank of India will perform. So buy SBI; keep a stoploss of Rs 2,130, short-term target, today’s target of Rs 2,178-2,180. But I would back banks for a bigger move.”

 

Buy Bharat Forge, says Sukhani

 

Sukhani told CNBC-TV18, "Bharat Forge has been a stock that’s slight out of limelight but Bharat Forge and with a disclosure that I have positions in it, seems to be telling us that its not correcting as much as the broad market and its probably ripe. On Wednesday when the market was up, it was up dramatically. Yesterday it consolidated. So today it should resume its upmove. So it is a buying opportunity for the day trader, Rs 261 is a stoploss, Rs 275 or so is the target. I think if it continues it’s also a positional buy."

 

Keep Rs 365 stoploss in Nalco, says Sukhani

 

Sukhani told CNBC-TV18, "I have picked Nalco and that’s unusual because all eyes including mine are on Hindalco and Sterlite in the aluminium space or Tata Steel. Nalco is doing something unusual because it’s not falling while most of the metals have seen big dramatic declines in the last 15 days and Nalco has been steady. That tells us some outperformance is coming from that stock, that’s a stock which made a good move yesterday; we should see a continuation today, so Rs 365 is a stoploss, Rs 380 is a target. But Nalco itself also a positional buying opportunity, if you want to keep a stock for a few days or a few weeks, you might look at it.”

 

 

Disclosure – Buy at your own Risk

Mahindra & Mahindra rose 0.64% to Rs 967 at 10:54 IST on BSE, on reports the company plans to launch a motorcycle next year.

Asian Paints rose 0.85% to Rs 1694 at 10:20 IST on BSE, after the company said one of the promoter group companies revoked a small portion of shares it had pledged earlier.

http://www.idpl.gov.in/home.html

http://www.indianexpress.com/ie/daily/20000917/ibu17043.html

 

1. IDPL, India’s oldest drug PSU, languishing in wilderness

2. 2 telecom PSUs lose Rs 20,000 cr market cap

Set up at the behest of India’s first Prime Minister Pandit Jawahar Lal Nehru, India’s largest public sector drug maker, Indian Drugs & Pharmaceuticals Limited (IDPL), has been languishing in the wilderness under the UPA…………..http://www.financialexpress.com/news/IDPL-Indias-oldest-drug-PSU-languishing-in-wilderness/437406/

 

Company	Govt Stake (%)	Kitty* (Rs Cr)
Andrew Yule	94.42	47
EngineersIndia	90.40	17
FACT	98.11	84
Haryana Fin	96.96	26
ITDC	92.11	19
Ircon Intl	99.73	10
MMTC	99.33	10,591
NMDC	98.38	8,655
Natl Fertilizers	97.64	161
Neyveli Lignite	93.56	608
RCF	92.5	71
Total   ============>		20289

Disinvest your time first  to do Socialism ……

Income tax raids at 70 addresses linked to Madhu Koda

 

Nine UPA ministers have criminal cases against them

http://www.dailypioneer.com/179640/Nine-UPA-ministers-have-criminal-cases-against-them.html

Motilal Oswal has recommended buy rating on Jindal Steel & Power in its November 3, 2009 report.

Sushil Finance is bullish on TRF and has recommended buy rating on the stocks with a target of Rs 720.

If you have nifty future than be cautious and remember your stop loss is 4660.

From -
Moderator
Live Chart 18

Nagarjuna Construction Company fell 5.43% to Rs 149.65 at 13:32 IST on profit booking after the stock galloped 8.17% to Rs 158.25 on Wednesday, 3 November 2009.

NEW DELHI - India's food prices rose 13.39 percent in the 12 months to Oct. 24, highlighting concerns that the index could stay high despite government efforts to keep a lid on prices.

Suzlon Energy surged 5.89% to Rs 58.40 at 12:29 IST on BSE, on bargain hunting after the stock plunged more than 38% in the preceding eleven trading sessions.

LONDON - India-focused mining group Vedanta Resources Plc said it saw early signs of global recovery as it posted a 44 percent fall in first-half earnings per share due to weaker metals prices.

Reliance Industries fell 2.43% to Rs 1874 at 12:49 IST on concerns that the legal battle involving the Ambani brothers may get extended after a Supreme Court judge withdrew from the hearing on Wednesday, 4 November 2009.

Maytas Infra was locked at upper circuit limit of 5% at Rs 149.45 on th BSE after the company got a contract worth Rs 790 crore from IL&FS Transportation Networks to build a part of a four-lane highway in Maharashtra.

TOKYO - Microsoft Corp Chief Executive Steve Ballmer said on Thursday the company could look to extend its search engine partnership with Yahoo outside the United States, if it gets regulatory approval.

Everest Kanto Cylinder rose 1.56% to Rs 139.55 at 10:46 IST on BSE, after one of the promoters hiked stake in the firm.

Five telecom stocks rose by 0.43% to 14.15% on reports the department of telecom is likely to slash the annual licence fee by up to a third for telecom operators with large network presence.

MUMBAI  - Wipro, India's No. 3 software services exporter, said on Thursday it had agreed to buy some personal care businesses of Yardley for about $45.5 million, adding to its consumer goods business.

  Patni Computer Services spurted 4.23% to Rs 476.30 at 10:09 IST on reports L&T Infotech, a part of engineering & construction major Larsen & Toubro, is in advanced talks to acquire a majority shareholding

in the software company.

MUMBAI - Maytas Infra Ltd said on Thursday it secured a contract worth 7.9 billion rupees from IL&FS Transportation Networks Ltd for four-laning of part of a highway in Maharashtra.

BAG Films & Media jumped 9.98% to Rs 14.22 at 15:19 IST on BSE, after the company's board approved raising funds up to $30 million from international market.