Indian Stock Market may see a small recovery due to short covering after huge selling yesterday. It remains very volatile throughout the day today. But a flat to positive closing expected.
Today's Intraday Stock Tips/Trading Calls:
CAIRN INDIA
VOLTAS
PUNJ LLYOD
PRAJ INDUSTRIES
IDFC
UNITECH
For Levels and Targets CLICK HERE.
Others: Infosys, Asian Electronics, KS Oils, Neyveli Lignite may see good gains.
Corporate News:
Idea cellular to buy out 40.8% BK Modi’s stake in Spice Communication for Rs22bn. (ET)
TCS hedges US$1.5bn to safeguard it from Rupee fluctuations. (BS)
UB group to offer stake in airline business to raise funds. (BL)
ONGC may not accept Gazprom’s offer to pick up 50% in its (Gazprom’s) shallow water exploration asset in the North Eastern coast off Orissa. (BL)
Educomp Solutions has secured contracts from 395 schools under the ICT segment. (BL)
M&M to capitalise on the recent acquisition of the US$12mn Italian two-wheeler design company, made by its component arm Systech. (BL)
Paramount Airways has joined the race for buying Spicejet. (ET)
Great Offshore drops plans to acquire two rigs; the company is now planning to buy only one rig. (ET)
HT Media has signed a JV with German media group Hubert Burda. It will set up a printing facility near its own Greater Noida facility. (BL)
Ashok Leyland to borrow Rs10bn in two equal parts to raise its India capacity. (Mint)
Moser Baer plans to set up Rs20bn manufacturing facility near Chennai to make photovoltaic products. (BL)
Aditya Birla Group may acquire 51% stake in Apollo Sindhoori Capital, a broking firm promoted by Apollo Hospital Group. (ET)
SC directs Sahara India Financial Corporation to approach RBI on Thursday to convince it that its financial activities are in order. (BS)
Zydus Cadila acquires majority stake in South Africa based Simalaya Pharmaceuticals. (BS)
BSNL reduces STD rates for its fixed line and cellular subscribers by up to 50%. (BL)
Gujarat High Court has stayed on NPPA order to cut prices of Cadila's drug Envas. (ET)
Cognizant Techology has acquired Strategic Vision Consulting, Inc (SVC), a management and technology consulting firm in US. (BL)
Pipavav Shipyard plans to build offshore patrol vessels for the Indian Navy. (Mint)
Idea cellular to buy out 40.8% BK Modi’s stake in Spice Communication for Rs22bn. (ET)
TCS hedges US$1.5bn to safeguard it from Rupee fluctuations. (BS)
UB group to offer stake in airline business to raise funds. (BL)
ONGC may not accept Gazprom’s offer to pick up 50% in its (Gazprom’s) shallow water exploration asset in the North Eastern coast off Orissa. (BL)
Educomp Solutions has secured contracts from 395 schools under the ICT segment. (BL)
M&M to capitalise on the recent acquisition of the US$12mn Italian two-wheeler design company, made by its component arm Systech. (BL)
Paramount Airways has joined the race for buying Spicejet. (ET)
Great Offshore drops plans to acquire two rigs; the company is now planning to buy only one rig. (ET)
HT Media has signed a JV with German media group Hubert Burda. It will set up a printing facility near its own Greater Noida facility. (BL)
Ashok Leyland to borrow Rs10bn in two equal parts to raise its India capacity. (Mint)
Moser Baer plans to set up Rs20bn manufacturing facility near Chennai to make photovoltaic products. (BL)
Aditya Birla Group may acquire 51% stake in Apollo Sindhoori Capital, a broking firm promoted by Apollo Hospital Group. (ET)
SC directs Sahara India Financial Corporation to approach RBI on Thursday to convince it that its financial activities are in order. (BS)
Zydus Cadila acquires majority stake in South Africa based Simalaya Pharmaceuticals. (BS)
BSNL reduces STD rates for its fixed line and cellular subscribers by up to 50%. (BL)
Gujarat High Court has stayed on NPPA order to cut prices of Cadila's drug Envas. (ET)
Cognizant Techology has acquired Strategic Vision Consulting, Inc (SVC), a management and technology consulting firm in US. (BL)
Pipavav Shipyard plans to build offshore patrol vessels for the Indian Navy. (Mint)
Good Luck
