News Capsule (05 Jul 10)

  • There was a block deal of 21.17 lakh Bajaj Auto Finance shares on BSE at Rs 471.90 per share,
  • Reliance Industries Ltd.’s daily crude oil imports fell about 23 per cent in May from April due to a planned shutdown of a secondary unit, data from trade sources showed.
  • Ballarpur Industries has got into good kind of upmove. A retest of recent highs of around Rs 38 looks very likely, says Mitesh Thacker, Technical Analyst
  • Fortis Healthcare locked in a battle to take control of Singapore’s Parkway Holdings, said on Monday the owners of the Indian hospital chain had revoked about 39 million pledged shares, or nearly 10% of total outstanding equity.
  • The government today said food inflation has started easing and will fall to an acceptable level of 5-6 per cent in due course, even as the BJP-led National Democratic Alliance and Left Parties went ahead with a nationwide strike to protest against rising prices.
  • Car maker Ford India today commenced export of its latest small car — Figo, to South Africa as part of its plan to make India an export hub.
  • Television Eighteen (TV 18) has board meeting on July 7 for restructuring proposal, reports CNBCTV18
  • Ankit Metal and Power has board meet on July 6 for bonus
  • Rashtriya Chemicals and Fertilisers (RCF) has opened 300 acers residential colony for redevelopment, reports The Times Of India.
  • Godrej Industries can test Rs 193, says Technical Analyst, Ashwani Gujral.
  • Orchid Chemicals and Pharmaceuticals has got US FDA nod for Antibacterial Generic Factive
  • An infrastructure fund set up by Australia’s Macquarie and State Bank of India will buy a 10% stake in Indian mobile tower operator TataQuippo for USD 310 million, the Economic Times said on Monday.
  • Ruchi Soya Industries Ltd said its board has approved the merger of Sunshine Oleochem Ltd, a manufacturer of soaps, with itself to expand its presence in the FMCG segment.
  • Buy Nagarjuna Fertilisers and Chemicals on dips, says Hemant Thukral, Asian Markets Securities.
  • Indraprastha Gas can test Rs 320, says Technical Analyst, Ashwani Gujral.
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