Mr. Anand Sharma is appointed as the new trade minister for India, a key post responsible for negotiating the country's stand in the Doha round of global trade talks.
Mr. Sharma was the junior foreign minister in the previous government.
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INSTANEX: At close, the Instanex FII Index was up 1.55% at 306.33 (+1.77% at 3 pm) and the Instanex DII 15 portfolio was up 1.46% (+1.70% at 3 pm). Nifty was up 1.43% (+1.44% at 3 pm) and Sensex was up 1.32% (+1.60% at 3 pm). The other Instanex Ownership Indices were also up – the Instanex Promoter 15 portfolio was up 2.38% (+2.47% at 3 pm), the Instanex Top 15 portfolio was up 2.20% (+2.38% at 3 pm) and the Instanex Retail 15 portfolio was up 1.28% (+1.58% at 3 pm).
All the 15 components of the ...
FII and DII activity that was seen on Thursday, May 28, 2009 is shown below. The report shows that FII were net buyer of Rs 1859.59 crore where as DII saw selling of Rs 451.25 crore.
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Yesterday: Indian Stock Market opened with a bull gap and crossed 14000 mark. Sensex traded above that level so we may see more up trend today.
Today: Indian market is expected to open flat or with positive trend. Some profit booking may come at higher level but next logical target for the sensex is 14480 unless we stuck with some ...
FII and DII activity that was seen on Wednesday, May 27, 2009 is shown below. The report shows that FII were net buyer of Rs 369.8 crore where as DII saw buying of Rs 685.64 crore.
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Yesterday: as we said, one should go long only when market hold 14000 mark. Market was not able to hold that level and corrected sharply from level of 13992 mainly due to profit booking ahead of F&O expiry.
Today: We are expecting positive gap up opening due to positive global cues but still we would like to stick to our point that go long ...
Bharat Heavy Electricals Limited (BHEL) has bagged an order of Rs 703 crore for the main plant package at the upcoming 270 Mega Watt (MW) Bela Thermal Power Project in Maharashtra.
According to a BHEL spokesperson at Hardwar, "Valued at Rs.703 crore, the order for the Greenfield power project, located at Bela in Nagpur district, has been placed on BHEL by Ideal Energy Projects Limited (IEPL) reflecting the customer's confidence in the company's technological excellence and project execution capabilities."
This order comes close on the heels of another order for a 600 MW thermal power plant ...
The government is ready to deliver further fiscal stimulus to detain the economic slowdown, the finance minister Mr. Pranab Mukherjee said on Tuesday, but added that fiscal prudence was also a priority.
Pranab Mukherjee said that stimulus steps taken since late 2008, including cuts in duties and extra spending, were having its impact which has given some amount to economic growth and the government would take further measures to revive activity, although some sectors such as textiles and real estate were badly hit.
"What is needed right now is the stimulus to the growth. But at the same time, we cannot lose ...
FII and DII activity that was seen on Tuesday, May 26, 2009 is shown below. The report shows that FII were net seller of Rs 197.02 crore where as DII saw selling of Rs 138.19 crore.
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The Bombay Stock Exchange (BSE) will cease F&O contracts on Aptech, Hindustan Zinc, Mahanagar Telephone Nigam, Oracle Financial Services Software, Power Finance Corporation and BSE FMCG Index.
532475 - Aptech
500188 - Hindustan Zinc
500108 - Mahanagar Telephone Nigam
532466 - Oracle Financial Services Software (IFLEX)
532810 - Power Finance Corporation
BSE FMCG Index
Derivatives (F&O) contracts for the month of August 2009 will not be introduced on Index mentioned above upon expiry of May 2009 contract i.e. on May 28, 2009....
Yesterday: Indian Stock Market closed slightly up with high intraday volatility yesterday.
Today: Indian Stock Market will open flat with a positive movement and will trade in a narrow range with high volatility. But overall market trend looks up if it trade and hold above 14000.
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India’s largest telecom Company Bharti Airtel on Monday said it has in talks to acquire a 49% stake in Africa’s largest telecom MTN to create a entity stretching from the Cape of Good Hope across the African continent, West Asia and the Indian Subcontinent with revenues of about $20 billion and over 200 million subscribers. The combined entity will be amongst the top five operators globally....
Fidelity has positive review for the future of Indian Market and has dropped the plan to sell its technology back office unit in India.
Fidelity Investments has dropped plans to sell its technology back-office unit in India because of long-term benefits it offered, a company official said on Monday.
The unit, part of its Fidelity Management and Research (FMR) that also operates business process outsourcing and research back-office in India, was put on ...
