News Capsule (23 Jul 10)

  • Buy UCO Bank on dips, says Technical Analyst, Sudarshan Sukhani.
  • Buy 320 call of Cairn, says VK Sharma, HDFC Securities.
  • Buy Mahindra and Mahindra on dips, says Technical Analyst, Sudarshan Sukhani.
  • Battery maker Amara Raja Batteries Ltd, has entered into an agreement with Japan’s Honda Motor to develop a valve regulated lead acid battery, a newspaper reported said on Friday.
  • Bharti Airtel has shortlisted three multinational firms and two home-grown IT majors for its billion dollar plus IT outsourcing contract in Africa, two people with direct knowledge of the matter told ET
  • The rupee appreciated by 12 paise to 47.00 against the US currency in early trade supported by an increased inflow of global capital into the firming equity market.
  • The State Bank of India sold USD 1 billion of fiveyear notes on Thursday, said IFR, a Thomson Reuters service.
  • Domestic institutional investors (DIIs) were net sellers of Rs 512.19 crore (provisional) yesterday, according to data released by BSE.
  • Bharti Airtel will make an open offer to buy the remaining 22 per cent stake in Zambia’s leading telecom entity, Zain Zambia.
  • Trades between FIIs generated a volume of Rs 26 crore on the BSE Thursday-an decrease of 60.47% from Rs 66 crore clocked on Wednesday. As many as six stocks witnessed trades of 3.01 lakh shares on Thursday.
  • JFE Holdings Inc, Japan’s second-biggest steelmaker, plans to invest about $1 billion in India’s JSW Steel Ltd, Bloomberg reported, citing a person with knowledge of the deal.
  • The foreign institutional investors (FIIs) were net buyers of Rs 155.70 crore in the futures and options segment on Thursday.
  • High net worth individuals (HNIs) think equities are a good avenue to invest. A survey of its private wealth clients by Morgan Stanley in India indicates HNIs are backing risks and will continue to support equity markets.
  • The government is likely to fix the minimum export price (MEP) on shipments of premium non-basmati rice at $900 a tonne, on a par with the basmati rice, in the upcoming meeting of the empowered group of ministers (EGoM). It is also considering partial lifting of the two-year-old ban on export of non-basmati rice.
  • Textile firm Arvind Ltd is planning to invest Rs 3 billion in its textile business over the next 3 years, a senior official said.
  • Buy Sun Pharmaceutical, says Technical Analyst, Sudarshan Sukhani.
  • American Express Co on Thursday reported secondquarter earnings that tripled from a year earlier, as its customers resumed spending near prerecession levels.
  • Oil jumped more than 3% to a 11week high above USD 79 a barrel as a potential tropical storm threatened energy installations in the gulf of Mexico and strong earnings boosted investor sentiment. Currently it is trading at USD 79.16 per barrel.
  • Day after unveiling the goods and service tax (GST) architecture the Finance Minister Pranab Mukherjee offered hope to special economic zone (SEZ) developers and units, saying thatsops will continue for some time. He added that GST will double India’s GDP to USD 2 trillion, reports CNBCTV18’s Aakansha Sethi.
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Comments

  • PRAVIN D THIGLE  On July 24, 2010 at 10:28 pm

    mony ko control karne wale ek site per koi paagl oriental carbon ka fy 10 q4 result dekhkar exelant bol rah hai but real fact is fy11 q1result is= net profit 4.61cr eps=4.47

    • PRAVIN D THIGLE  On July 24, 2010 at 10:38 pm

      mony ko control karne wale ek site per koi oriental carbon ka fy 10 q4 result dekhkar exelant bol rah hai but real fact is fy11 q1result is= net profit 4.61cr eps=4.47

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