Indian Stock Market

AT&T to cut 12,000 jobs and slash spending

admin — Thu, 04 Dec 2008 18:53:26 +0000

AT&T will cut jobs over the remainder of 2008 & 2009 & take a charge of about 0 mn in this year’s Q4 for severance.

Reliance communication a Buy now

arun — Thu, 04 Dec 2008 07:15:46 +0000

Reliance communication a buy now

Nifty has resistance at 28603113: Gaba

admin — Thu, 04 Dec 2008 03:58:01 +0000

The support for the Sensex is 8500 and the resistance to the up move is at 88988998. The support for the Nifty is at 2650 and the resistance to the up move is at 28603113.

Nifty likely to witness range of 27102745: Bhambwani

admin — Thu, 04 Dec 2008 03:57:53 +0000

The coming session is likely to witness a range of 2710 2745 on advances and 2600 on declines. Declines below the 2600 mark will test the 2560 levels. Bulls will need to keep the Nifty afloat above the 2665 levels consistently to push markets higher

Mkt likely to be rangebound: Amitabh Chakraborty

admin — Thu, 04 Dec 2008 03:57:38 +0000

The market is likely to be range bound on lack of fresh triggers. The Sensex is likely to be ranged between 80009500. The low delivery volumes show that distressed selling by FIIs is over, says Amitabh Chakraborty.

Sell MCX Gold Feb at Rs 12520

admin — Thu, 04 Dec 2008 03:57:31 +0000

For gold, one could sell MCX Feb at Rs 12,520 per 10 gram, with a target of Rs 12,300 per 10 gram.

Expect positive to flat opening: Gujral

admin — Thu, 04 Dec 2008 03:57:23 +0000

Market will have a positive to flat opening and may trade in a narrow range. Biases are on down side. Supports are at 2500 2570 and resistance are at 26702750.

Mills, cane growers in TN headed for faceoff

admin — Thu, 04 Dec 2008 03:57:12 +0000

Sugar mills and farmers in Tamil Nadu appear to be headed for a faceoff on sugarcane prices, which have fallen far short of farmers’ expectations.

Rubber prices decline further

admin — Thu, 04 Dec 2008 03:57:02 +0000

The rubber prices fell further on Wednesday. The sentiments were hammered by the sharp decline in RSS 3 (spot) to Rs 65.06 from Rs 70.16 a kg at Bangkok.

Crude at $45.95/bbl

admin — Thu, 04 Dec 2008 03:56:37 +0000

Crude oil prices was little changed on the back of an energy department report showing US refineries curbed operating rates as recession reduces fuel demand. In after hours access trading, Nymex is at crude at 45.95/bbl.