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Archive for January 15th, 2009
Market Review for 16th January 2009
BSE Sensex: (9047) the market surprised with a gap down opening and yet has managed to hold on to the psychological support of 9000 and gives a feeling that we might see 9000 holding out…
NIIT trust gets Rs 20 cr loan, investors worried
MUMBAI: Traders and investors are uncomfortable for a Rs 20 crore loan given by NIIT Tech to NIITian Welfare Trust. At 2 PM, shares of NIIT Technologies were trading over 5.7% lower at Rs 55.65.
Satyam employee commits suicide fearing job loss
CHENNAI: Apparently fearing that he may lose his job, a 23-year-old employee of scam-ravaged Satyam Computers allegedly committed suicide here, police said.
Satyam has receivables of Rs 17,000 crores: Deepak Parekh
NEW DELHI: HDFC Chairman Deepak Parekh, a member of the newly constituted Satyam board, said that the “Ram Myanpati is in contact with the new Satyam board and the rumors that he has fled India is wrong.”
Bad day for Satyam, Unitech, JP Asso, GMR Infra
It was not a great session but it could have been worse. The way it was going at 2:00-2:30 pm, it did appear for a moment that it would be a closing below 2,700 but the blushes have been spared at least for the day. Globally too markets are okay, drifting – Europe has not added to its losses, in fact has recovered from the lows of the day but Europe can be a volatile beast as one saw yesterday. Even the Dow Futures which was trading about 100-points down is now cut to about 40 points. So some hope may be after six straight sessions of losses, the Dow at least tries to put in a little bit of an effort out there.
Satyam does not need fin aid: Deepak Parekh
Deepak Parekh, the newly-appointed member on the Satyam board, said interim auditors KPMG and Delloite would take eight weeks to restate Satyam’s accounts.
Heard on the Street
Siemens recovers but faces bear attack
Gap down opening likely as global cues weigh
MUMBAI: Weak cues from global shores paint a murky picture for Indian stock markets on Thursday. Traders are likely to unwind their positions that were built up in the previous session.
Stocks to watch: Maytas, Reliance, TCS, PFC, Indraprastha Gas
MUMBAI: Weak cues from global shores paint a murky picture for Indian stock markets Thursday. Traders are likely to unwind their positions that were built up in the previous session.
RNRL has support at Rs 49: Bose
Technical Analyst, Rajat K Bose is of the view that RNRL has support at Rs 49.
Expect negative opening: Gujral
Technical Analyst, Ashwani Gujral: Market may have negative opening today on account of weak global cues. Supports are at 2675-2710 and resistances are at 2800-2860. The area around 2700 is a major support zone and a pull back rally could not be ruled out from here. Traders should cover their short position and aggressive traders can go long with low volumes to trade the expected pull back.