JSW Steel said that it has achieved highest ever production during the 4th Quarter ended March 2009 showing growth of 11% over corresponding quarter of Last year. The crude steel production of 4.56 lakh tons in March 2009 was higher by 28% over the corresponding month of last year and 39% sequentially over February 2009.
The break-up of production for Q4 is as below....
HCL Technologies Ltd. (HCL), a leading global IT services provider, filed Bombay Stock Exchange (BSE) that it has entered into a six-year, multi-regional data center services and transformation engagement with Xerox Corporation. The contract will span mid-range services, business continuity and disaster recovery for Xerox’s information management operations. HCL will manage data center hosting and migration, virtualization, consolidation and storage architecture services across North America and Europe. In addition, HCL will provide architecture and consulting services for new technology and system design, adoption and lifecycle improvement. HCL will use its Business Service Management process to centralize and standardize Xerox’s data centers’ infrastructure. The ...
IVRCL Infrastructures and Projects Limited (IVRCL) had reported Bombay Stock Exchange (BSE) that it’s Roads, Power and Water Divisions have bagged orders worth Rs 359.52 crores.
- Its Road Division bagged orders of worth 174.98 crore....
Last week: Indian Stock Market went up sharply and closed above 10000 mark. Sensex saw a 3.1% growth last week.
Today: Still direction of Indian stock market looks up. Market would move in upwards direction. Opportunity for intraday trading may be there, but may be done keeping resistances and support levels in mind. Market may see downwards direction at any time.
Note: Stocks to buy for intraday and short-term delivery and when to sell those stocks would be send to paid subscribers live during the market hours through SMS.
BSE Sensex: (10349) The support for the Sensex is 10050 and the resistance to the up move is at 10700-11000.
NSE Nifty: (3211) the support for the ...
India: Again for the last week, Indian stock market saw the positive journey as the BSE Sensex ended higher by nearly 3% over its last week’s closing level. It managed to end at 10348 which is very good news for Indian Stock Market. Inflation rose a little to 0.31 from 0.27 a week earlier. Indian Stock Market was closed on Friday for Ram Navmi.
Asian Markets: The other Asian markets such as Hong Kong (up 3%), Japan (up 1.4%) and China (up 1.9%) ended on a positive note as well. It is believed that Asian ...
Bharat Heavy Electricals (BHEL) on Thursday reported a lower-than-expected 6 percent rise in provisional profit for FY’09 due to wage rise this year. But still company remained upbeat on future orders despite the economic slowdown.
India's top power equipment maker BHEL said it had 1.17 trillion rupees ($23 billion) of orders on its books as at March 31, the end of the 2008/09 fiscal year....
The country's mutual fund industry witnessed a nearly Rs 37,000 crore decline in its assets in the financial year 2008-09
The combined average assets under management (AUM) of the 35 fund houses in the country saw an erosion of Rs 36,798.58 crore, or 6.94 per cent, and dropped to Rs 4,93,286.56 crore at the end of March, according to the data released by the Association of Mutual Funds in India.The average AUM had been Rs 5,30,085.15 crore at the end of March in 2008.
Reliance Mutual Fund was the ...
Indian Stock Market would remain close today (Friday, April 03, 2009) on Ram Navmi. This makes a complete three days rest to get rid of Market tensions. Market would open on Monday, April 6, 2009 and again closed on Tuesday on Mahavir jayanti.
The List of Holidays for Indian Stock Market for the month of April are:
...
FII and DII activity that was seen on Thursday, April 2, 2009 is shown below. The report shows that FII were net buyer of Rs. 691.56 crore where as DII saw buying of 254.71 crore. This seems to be good news for market as trust of FIIs is increasing in Indian Stock Market.
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INFLATION: India's Inflation rose to 0.31 percent for March 21, marginally above the previous week's Inflation of 0.27 percent, government data showed on Thursday.
- The annual inflation rate was 7.85 percent during the corresponding week of the previous year.
- Central bank governor Duvvuri Subbarao has said there was no concern about India getting into a deflationary cycle, and said the current challenge was to stem the economic slowdown.
- The wholesale price based-inflation rate has fallen sharply since peaking at 13 percent in August. ...
Yesterday: As predicted by us, Indian Stock Market was positively biased. Market ended with positive node.
Today: Indian Stock Market is still positively biased. One can see some opportunity for intraday. Nifty managed to close above 3050, which is the positive sign for Market but if Sensex goes below 9500 than a sharp fall may be seen in Indian Stock Market. So trade cautiously.
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A fire broke out at a section of the new 580,000 bpd export refinery of Reliance Petroleum on Wednesday.
The fire was in the coker unit, a spokesperson said. He also said that no casualties had taken place as it was controlled on time.
“The rest of the RPL refinery is operating normally and product dispatch from the RPL refinery is continuing as per schedule," he said.
The company's coker unit, which converts residual fuel oil into lighter fuels such as naphtha and diesel, has a ...
As per RBI’s circular, with the effect from April 1, 2009(Today), anybody can use any ATM in India for money withdrawal, account balance or printing mini statement for free irrespective of your card issuing bank. Last year RBI issued the same rule but at the charge of Rs 20 per transaction but today it’s for free.
Now you don’t have to worry for Rs 20 charge and don’t have ...
INSTANEX: The Instanex Retail 15 portfolio was up 2.39%, indicating strong speculator participation, and the Instanex FII Index closed 2.11% higher at 220.38. Domestic Institutional Investors (DIIs) seem to have sold into the strength and the Instanex DII 15 portfolio was up only 1.48% while broad-based Nifty was up 1.30% and Sensex was up 1.99%. The other Instanex Ownership Indices were up as well - the Instanex Top 15 portfolio was up 1.60% and the Instanex Promoter 15 portfolio was up 1.08
Out of the 15 components of the Instanex FII Index, eight were up while seven were down. The top gainers were ...
FII and DII activity that was seen on Wednesday, April 01, 2009 is shown below. The report shows that FII were net buyer of Rs. 173.75 crore where as DII saw buying of 11.6 crore.
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