News

Pyramid Saimira to consider demerger on Aug 25, 2009

Pyramid Saimira Theatre Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 25, 2009, to consider International offering of securities. The Board will also consider de-merger of subsidiary Company. The stock was trading at Rs.23.40, up by Rs.1.10 or 4.93%. The stock hit an intraday high of Rs.23.40 and low of Rs.23.40. The total traded quantity was 15332 compared to 2 week average of 55718.

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New US economic data set to test Wall Street bull run

New US economic data in the coming week will test the resilience of Wall Street US shares scaled fresh highs for the year on upbeat remarks by Federal Reserve chief Ben Bernanke and buoyant housing data. All three major market indexes were resting at new 2009 peaks at the end of trading Friday, buoyed by a record jump in existing-home sales in July and Bernanke’s comments that recovery prospects “appear good” in the near term for the United States and the rest of the world .....

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Week Starts with Panic Monday; Nifty below 4400

On the start of a new week the Sensex fell 626 points to close at 14,785 while the Nifty lost 192 points to close the day at 4,388. It happened to be a shattering start of the week as the Indian markets kept trading in the red in the second consecutive session mirroring Friday. The Benchmark Index Sensex has lost over 700 points in the last couple of trading days. The 6% downfall in the Chinese markets was the major sentiment shatterer on Monday as .....

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NTPC approves filing Special Leave Petition in RIL case

The gas battle is bubbling under pressure from all sides. Reliance Industries in a letter to the power and oil secretaries on August 12 has said all issues have been resolved with NTPC for signing gas sales and purchase agreements (GSPAs) for four power plants that are not in dispute. The NTPC board has discussed the Solicitor General’s view on the RIL case and had approved the filing of a special leave petition (SLP) in the Supreme Court. The SLP will be finalised post the .....

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Market closes 350 points lower at 15,150 on 7th August 2009

Today the Indian markets closed sharply lower for a second consecutive day as investors booked profits after a sharp rise in the country’s benchmarks Sensex and the Nifty. Poor monsoon and weak global markets played the role of making the things worse for the Markets on second day in a row. Bombay Stock Exchanges Sensex closed at 15152.69, down 361.34 points or 2.33 per cent. The index touched an intra-day low of 15104 and an high of 15501.94. National Stock Exchanges Nifty ended at 4474.35, .....

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Nifty Crosses 4700; makes a new 52-week High

The markets moved northwards with the start of a new week and clearly mirrored the European markets and closed at 52-week highs, led by gains in auto, realty and metal stocks. Indices turned choppy after a positive start as market lacked triggers from domestic front post earnings season. It got the push from European peers who also hit new highs of 2009 after earnings threw positive surprises. Bombay Stock Exchange?s Sensex closed at 15,924.23, up 253.92 points or 1.62 per cent. The index hit a .....

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Markets Surge: Sensex and Nifty hit new 2009 Highs

The Indian Markets got to see the current high levels for the first time in 2009 with both Sensex and Nifty trading at their highs. At 11:42, the sensex is at 15702 up 314 points (approx. 2%) over the last close and Nifty is also showing gains at 4654 up 83 points (1.8%). Both the bench marks had started off in style with the BSE benchmark Sensex hitting its 2009 high of 15,686 in the early trades at around 10:06 am. The NSE Nifty surged .....

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Sensex closes flat; Reliance, ONGC plunge

Key indices ended choppy session on a flat note Monday while broader markets witnessed sustained buying activity. Traders ignored positive global cues and booked profits at higher levels. Dismal numbers from Reliance Industries also capped the gains. Bombay Stock Exchange?s Sensex ended at 15375.97, down 2.99 points or 0.02 per cent. The index touched an intra-day low of 15228.46 and high of 15463.09. National Stock Exchange?s Nifty closed at 4570.45, up 1.90 points or 0.04 per cent. The broader index hit a high of 4596.75 .....