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Hot Stock Market News


  1. #1
    insight95in is offline eTI Member

    Hot Stock Market News


    * INFRA : Govt approves eight road projects worth Rs108bn in three states of
    Jammu & Kashmir, Karnataka and Haryana

    * BANKS : rpts Govt is considering a proposal to increase its stake in select
    PSU banks where it holds close to 51% stake as part of recapitalisation scheme

    * TATA STEEL : swaps $875mn worth bonds due to mature in 2012 by longer dated
    convertible bonds redeemable in 2014 giving it more time to pay bk its debt

    * ONGC : sub OVL get Govt nod to invest $70mn in its offshore oilfield in Brazil

    * PATNI COMPUTERS : rpts the promoters are demanding a 25% strategic premium
    over the mkt price for their 48% stake in the co

    * HDFC : targets 20% loan disbursal growth in current financial year

    * L&T : to raise $65mn by selling 1/3rd stake in Satyam @ Rs 112.50/share

    * AUROBINDO PHARMA : gets approval from US FDA to market perindopril erbumine
    tabs which is generic version of Solvay's drug to treat high blood pressure

    * BAJAJ AUTO : a new growth strategy for 2010-2011 has production @ 300k units/
    mth from FY11.. to also launch the new Pulsar & Discovery by end of FY10

    * GMR : Hyderabad Intl airport break even date pushed back by 6 yrs to 2020

    Corporate News – Industry trends

    * Infosys BPO, the business process outsourcing subsidiary of Infosys
    Technologies, has signed an agreement to acquire US-based
    privately-held BPO services provider McCamish Systems for US$58 mn

    * A team from government owned Bharat Heavy Electricals Ltd visited
    Singur along with state government officials for a possible project with
    the West Bengal Power Development Corporation (BS)

    * The bad old days of waiting periods for cars seem to have
    returned, with manufacturers reporting an unexpected surge in post-
    Diwali sales, forcing customers to wait a month to as much as four
    months for almost all models from the Swift to the Honda City (BS)

    * Swiss bank UBS has been fined £8 mn in the UK after four of its
    senior employees were found misusing funds of customers, including
    two companies of the Anil Ambani group (BS)

    * Engineering giant L&T is selling one-third of its 6.9% stake in
    Mahindra Satyam, formerly Satyam Computer Services. The
    transaction is expected to fetch Rs 3bn for the company, said banking
    sources close to the development (BS)

    * Entertainment & Sports Direct, promoted by DAR Capital Group, an
    investment advisory and private equity company, has won the theatre
    rights to the Indian Premier League cricket tournament for the next 10
    years (2010-2019). It is to pay Rs 3300 mn for this (BS)

    * Tata Steel, the world’s eighth largest steel maker by output, has
    approved an exchange offer for an existing US$875 mn of securities
    into foreign currency convertible bonds, in a move to reduce costs and
    ease repayment. The move gives an option to extend the repayment
    schedule by two years (BS)

    * THE Ruia family owned Essar Teleholdings has sealed a deal with the
    Dhabi Group to buy a controlling stake in the UAE firm’s African
    telecom assets for an undisclosed amount, bolstering its presence in
    one of the world’s few remaining telecom hotspots (ET)

    * Patnis want 25% premium, GA game for 10%; Promoters’
    Demand For Rs 600 A Share Values Their 48% Stake At Around Rs
    3,700 Cr; Stake Sale Talks On (ET)

    * THE Cabinet Committee on Economic Affairs approved additional
    investment by ONGC Videsh Limited, a wholly owned subsidiary of Oil
    & Natural Gas Corporation, for its offshore oilfield in Brazil (ET)

    * A committee headed by Mr Sam Pitroda, appointed by the Government
    to oversee the upcoming 3G auctions, is examining whether four
    slots can be auctioned in all circles even if there is no spectrum
    available immediately (BL)

    * Kirloskar Oil Engines announced its exit from six joint ventures by
    selling its entire holdings to Kirloskar Systems for Rs 2500 mn (BS)

    * Domestic air traffic continued its growth momentum in October and
    witnessed a passenger growth of 25% to 4 mn from 3.2 mn during the
    same period last year (BS)
    Economic/Regulatory development

    * Industrial output, as measured by the index of industrial production,
    grew by 9.12% in September, up from 6% in September 2008. It was
    mariginally lower than the 10.4% in August this year (BS)

    * THE government has approved eight road projects, entailing an
    estimated cost of Rs 108.8bn. The Public Private Partnership Appraisal
    Committee, chaired by finance secretary Ashok Chawla, has cleared
    major road projects in Jammu & Kashmir, Haryana and Karnataka (ET)

    * Doubling of potato prices and onions becoming costlier by 42.58%
    on an annual basis led to the food inflation climbing to 13.68% for
    the week ended October 31, from 13.39% in the previous week (BL)
    International trends

    * Hewlett-Packard Co is making a move into the network equipment
    market by striking a US$3.1 bn deal for 3Com Corp, in a major
    challenge to Cisco Systems Inc (BS)

    * General Electric Co will sell its security business to United
    Technologies Corp for US$1.82 bn, a deal that marks a step in the
    largest US conglomerate’s portfolio streamlining (BS)

    Note: More intra-day opportunities will be provided
    live during the market hours

  2. #2
    priya0710 is offline eTI Iron
    Bank nifty and nifty opened on a negative not today. Market is of volatile nature and keeps on fluctuating. And frequent market fluctuations makes it really difficult to trade. A good way to sustain here is keeping a good track record of all its updates.

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