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Monthly Archives: June 2011

Asian Stocks rise. Fertilizers up.

Asian stocks climbed for a third day, and the euro strengthened to a two-week high against the dollar and bond risk decreased as concerns of a Greek debt default eased. Treasuries have snapped their steepest three-day loss this year. At ...

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Global cues push up. Metals shine

Markets have rallied on Wednesday morning, supported by strong global cues. Bourses are looking ahead of the Greece parliament’s vote on austerity package. Metal stocks have gained in conjunction with the rally in commodities yesterday. At 9:54 AM, the Nifty ...

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Volatile markets. IT, Real estate give up

Markets have seen volatile trading sessions, with the Nifty moving between the greene and red territories. Stocks from the Real estate, IT and infrastructure spaces have given up the gains and are trading in the red. At 10:43 AM, the ...

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Oil Stocks sore. Markets up.

Markets witness a strong session, leading the Nifty above the 5500 mark. The Oil marketing stocks have been the star winners in the trade today. Most of the Oil companies have seen significant gins. At 10:02 AM, the Nifty is ...

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Consolidating markets. Unitech, Punj lloyd weak

Heavyweights Reliance Industries, NTPC and Wipro are leading the markets higher. Bharti Airtel, ITC, SBI, HUL, ONGC, DLF and ICICI Bank too were on high, with gaining 0.3-0.9%. Anil Dhirubhai Ambani Group companies’ shares namely Reliance Communications, Reliance Infrastructure and ...

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Mauritius tax treaty makes GTL Infra fall by 40%

GTL group of stocks have plunged over 40% in trade today. The stocks have fallen with rumours and news flows on the tax treaty with Mauritius coming into the limelight. Many stocks with investments from Mauritius are witnessing the selling   ...

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Markets fall. ADAG stocks tumble down.

Markets have witnessed a fall, with Nifty seeing cuts of 2%. ADAG stocks have seen a free fall leading to huge cuts in these counters. Other infrastructure and Oil stocks have also contributed to the fall. At 10:40 AM, the ...

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Nifty Breaking 5400 and drifting towards 5350

The nifty broke the 5400 mark and drifting towards 5350. Weakness has increased in the Indian market and the indices are near the lows of the day among some choppiness. Oil & gas, capital goods and technology are leading the ...

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Nifty bears down to 5400

Equity benchmarks slashed more than 1/2 percent in the morning trade following down fall in global markets, reacting to Greek debt problems. Greece’s prime minister offered to quit and make way for a national unity government. Another serious cause for ...

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Sensex slashes further

The benchmark indices were trading low in the post lunch trade. Selling pressure was seen in rate sensitives realty and banking stocks, followed by IT, capital goods, metal and power stocks. The NSE Nifty was trading in tight range 5450-5500. ...

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Nifty slumps down to below 5500

Nifty struggles to keep around 5500. Later slumped drastically to below 5500. Technology, telecom, power and select banking stocks were on sellers’ radar. Infosys, NTPC, Bharti too dips. However, Reliance Capital, Reliance Infrastructure, Ranbaxy Labs, HDFC, HDFC Bank, Tata Steel ...

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Nifty ticks around 5500

Nifty was trying to hold the 5500 level amid a choppy trade, especially after higher-than-expected inflation data. Public sector undertaking, capital goods, banking, power, Anil Group, FMCG and select technology companies’ shares were supporting the market. Even global markets were ...

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Rupee strengthened on strong Asians

The rupee moves up on Tuesday after dipping to a week-low in the previous session in tandem with positive domestic equities, a stabilizing euro and strong Asian currencies. At 9:24 a.m., the partially convertible rupee was at 44.79/80 per dollar ...

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Nifty on downside, back to 5500

Markets are trading with negative bias, as the Nifty touches the 5500 mark. Stocks from the Banking, Steel and Infrastructure segments have seen selling kicking in. At 10:20 AM, the Nifty is a t 5499, down by 22 pts or ...

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Sensex flatten : NTPC, L&T, TCS top gainers

Benchmark indices were trading flat in afternoon trade, with the NSE Nifty hovering around its 30-days simple moving average of 5521. Selling was seen in auto and pharma stocks while buying was seen in capital goods and power stocks. Reliance, ICICI ...

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RIL, NTPC, TCS, BHEL gain

The 30-share BSE Sensex was trading at 18,361, down 33 points and the 50-share NSE Nifty fell 14 points to 5,512. On one side, heavyweights ONGC and SBI fell over a percent. Auto, oil marketing, financial, cement, Anil Dhirubhai Ambani Group and ...

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HSBC lowers Jet Airways

HSBC has lowered the stock rating of Jet Airways to ‘neutral’ from ‘overweight’, saying high fuel prices could squeeze its margins in a competitive environment.  It has lowered the target price to Rs 500 from Rs 580. “We believe that ...

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Profit booking downs sensex by 95 points.

Sensex opened over 95 points lower on Wednesday as speculators booked profits made after two sessions of gains amid a weakening trend on other Asian markets. The 30-share barometer fell by 0.51 percent with FMCG, banking, IT and capital goods ...

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