There are so much annoucements will hit the market today like Inflation rate, GDP, Petrol price Hike etc. So Indian Stock Market may remains very volatile but I think there are some positive news also like Crude oils comes down to $126, Sebi eases registration norms for FIIs and sub accounts, FIIs can issue participatory notes to entities like hedge funds, Government allows infrastructure firms to borrow US$100mn abroad through ECBs for rupee expenditure under the approval route. So overall market may see a good and strong rally even today or from Monday.
Today's Intraday Stock Tips/ Trading Calls:
ELECON ENGINEERING
NEYVELI LIGNITE
PRAJ INDUSTRIES
INDIABULLS REALEST
ANSAL INFRA
INDIABULLS SECURITIES.
For Levels and Targets download the file by CLICK HERE.
Others: Bombay Dyeing & Pharma Sector.
Corporate News :
Reliance Industries and Standard Chartered Bank may co-bid for strategic stake in IFCI. (DNA)
Sun Pharma may take legal action against Israel’s Taro Pharma, for terminating merger. (BS)
L&T schedules first of three IPOs for 2009-10. (BL)
Jubilant completes acquisition of Canada's Draxis Speciality Pharma for US$253mn. (BS)
Exide plans investment worth Rs350mn to acquire lead smelter company. (BL)
SAT sets aside SEBI penalty on Holcim. (BS)
Tata group is setting up a BPO on its proposed steel plant site in Orissa. (BS)
Tata’s small car Nano is hit by rising input costs. (DNA)
Videocon is planning to set up a 1,000MW hydropower project in Uttaranchal. (DNA)
Piramal Life to invest Rs2bn p.a. for next 2-3 years on R&D. (DNA)
Gujarat Industries Power Co. (GIPCL) is expected to start work on the 500MW lignite based power plant soon. (DNA)
PTC plans to raise US$500mn. (BL)
Kavveri Telecom signs MoU with MS Ramaiah School of Advanced Studies to augment its R&D. (BL)
TCS to spend Rs19bn in the current fiscal year. (BL)
ABG Infralogistics is set to get deals for two Haldia dock terminal operations. (BL)
Havells India among 14 FDI plans cleared for issuing shares and warrants. (BL)
NMDC and Spice Minerals sign MoU for a JV to seek overseas acquisitions. (BL)
Linde Group, Germany plans to invest euro 1bn in its unit BOC India over 7-10 years. (FE)
ICICI Prudential ties-up with American Express Banking Corp.(FE)
Karuturi Global to raise US$250mn for agri project in Ethopia. (FE)
Dish TV to increase borrowing limits by Rs10bn. (FE)
Orchid Chemicals to convert business alliance with Ranbaxy into an agreement next month. (FE)
Hindustan Aeronautics to manufacture over 1,000 Honeywell TPE331 aircrafts engines for the US Company. (FE)
HPCL decides to put on hold Rs317.5bn worth of capital investment. (FE)
TDSAT directs BSNL to restore connection to Bharti Airtel in parts of Bangalore. (FE)
L&T proposes to set up 15-hector IT SEZ in Gujarat. (FE)
BoA to consider the in-principle approval to SEZ proposals of Gremach Infrastructure. (FE)
Maharashtra government delays land acquisition process, slows down Tata Power, Reliance Energy power project development. (FE)
Hanung Toys to acquire frontline US home furnishing marketing company. (ET)
Wipro wins an interim court ruling against bulb maker KK Lamps. (ET)
JB Group announces foray into food business by forming a new company JB N JEG Foods. (ET)
TTML in talks with Srei Group company Quippo Telecom to merge its tower arm. (ET)
Bombay Dyeing sold off its DMT plant to Gujarat Company. (ET)
Reliance Industries and Standard Chartered Bank may co-bid for strategic stake in IFCI. (DNA)
Sun Pharma may take legal action against Israel’s Taro Pharma, for terminating merger. (BS)
L&T schedules first of three IPOs for 2009-10. (BL)
Jubilant completes acquisition of Canada's Draxis Speciality Pharma for US$253mn. (BS)
Exide plans investment worth Rs350mn to acquire lead smelter company. (BL)
SAT sets aside SEBI penalty on Holcim. (BS)
Tata group is setting up a BPO on its proposed steel plant site in Orissa. (BS)
Tata’s small car Nano is hit by rising input costs. (DNA)
Videocon is planning to set up a 1,000MW hydropower project in Uttaranchal. (DNA)
Piramal Life to invest Rs2bn p.a. for next 2-3 years on R&D. (DNA)
Gujarat Industries Power Co. (GIPCL) is expected to start work on the 500MW lignite based power plant soon. (DNA)
PTC plans to raise US$500mn. (BL)
Kavveri Telecom signs MoU with MS Ramaiah School of Advanced Studies to augment its R&D. (BL)
TCS to spend Rs19bn in the current fiscal year. (BL)
ABG Infralogistics is set to get deals for two Haldia dock terminal operations. (BL)
Havells India among 14 FDI plans cleared for issuing shares and warrants. (BL)
NMDC and Spice Minerals sign MoU for a JV to seek overseas acquisitions. (BL)
Linde Group, Germany plans to invest euro 1bn in its unit BOC India over 7-10 years. (FE)
ICICI Prudential ties-up with American Express Banking Corp.(FE)
Karuturi Global to raise US$250mn for agri project in Ethopia. (FE)
Dish TV to increase borrowing limits by Rs10bn. (FE)
Orchid Chemicals to convert business alliance with Ranbaxy into an agreement next month. (FE)
Hindustan Aeronautics to manufacture over 1,000 Honeywell TPE331 aircrafts engines for the US Company. (FE)
HPCL decides to put on hold Rs317.5bn worth of capital investment. (FE)
TDSAT directs BSNL to restore connection to Bharti Airtel in parts of Bangalore. (FE)
L&T proposes to set up 15-hector IT SEZ in Gujarat. (FE)
BoA to consider the in-principle approval to SEZ proposals of Gremach Infrastructure. (FE)
Maharashtra government delays land acquisition process, slows down Tata Power, Reliance Energy power project development. (FE)
Hanung Toys to acquire frontline US home furnishing marketing company. (ET)
Wipro wins an interim court ruling against bulb maker KK Lamps. (ET)
JB Group announces foray into food business by forming a new company JB N JEG Foods. (ET)
TTML in talks with Srei Group company Quippo Telecom to merge its tower arm. (ET)
Bombay Dyeing sold off its DMT plant to Gujarat Company. (ET)
Good Luck
