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Thursday, September 02, 2010
FIIs remain net buyers in equities on Sep. 01
Foreign Institutional Investors (FIIs) remained net buyers in equities worth Rs 5,268 million on Sep. 01. They bought equities worth Rs 27,300 million and sold equities worth Rs 22,032 million. Till Sep 01, they have been net buyers in equities worth Rs 5,268 million.
FIIs turned net buyers in the debt segment worth Rs 7,790 million on Sep 01. They bought debt worth Rs 11,592 billion and sold equities worth 3,802 million. Till Sep 01 they have been net sellers in debt worth Rs 19,670 million.
Wall Street Gains Lift Sentiments In Asia
Markets end mostly higher as risk aversion stays in place
Asian stocks mostly gained today, adding to the yesterday's upside nudge. Sentiments were lifted by smart gains on Wall Street in the previous session. Strong manufacturing data from China and the United States revived risk appetite. Asian auto sales soared in August while US auto sales, though plummeted at a seven month low, were not as bad as were feared by the markets. The US markets logged substantial gains as data showing a pickup in manufacturing activity in both the U.S. and China recharged some hopes of a continued economic recovery. The Dow shot up by 254.75 points or 2.5% to 10,269, adding gains throughout the day.
BSE Bulk Deals to Watch - Sep 2 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
2/9/2010 533219 Aster Silicates BP FINTRADE PRIVATE LIMITED B 100992 63.54
2/9/2010 533219 Aster Silicates BP FINTRADE PRIVATE LIMITED S 100991 63.94
2/9/2010 505029 Atlas Cycle GENUINE STOCK BROKERS PVT. LTD. B 40134 278.56
2/9/2010 505029 Atlas Cycle SMART EQUITY BROKERS PRIVATE LIMITED B 20444 277.09
2/9/2010 505029 Atlas Cycle CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 88363 267.45
2/9/2010 505029 Atlas Cycle AKSHI FINANCE PVT LTD B 38715 270.41
2/9/2010 505029 Atlas Cycle VICHITER LATA B 42814 273.24
2/9/2010 505029 Atlas Cycle MBL & Co. LTD. B 18784 262.65
2/9/2010 505029 Atlas Cycle PRAKASH BALVANRAI BALDEV B 19831 275.93
2/9/2010 505029 Atlas Cycle MATRIX EQUITRADE PRIVATE LIMITED LIMITED B 57270 270.30
2/9/2010 505029 Atlas Cycle OPG SECURITIES P LTD B 99721 274.02
2/9/2010 505029 Atlas Cycle MANSUKH SECURITIES & FINANCE LTD B 28628 276.54
2/9/2010 505029 Atlas Cycle VIKARAMSING GULABSING MAHIDA B 30606 270.58
2/9/2010 505029 Atlas Cycle YOGESH ANANDILAL KHETAN B 18256 272.96
2/9/2010 505029 Atlas Cycle H J SECURITIES PVT LTD B 17106 267.85
2/9/2010 505029 Atlas Cycle A.A.DOSHI SHARE & STOCK BROKERS LTD B 26148 282.54
2/9/2010 505029 Atlas Cycle GENUINE STOCK BROKERS PVT. LTD. S 40134 278.73
2/9/2010 505029 Atlas Cycle SMART EQUITY BROKERS PRIVATE LIMITED S 20444 277.45
2/9/2010 505029 Atlas Cycle CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 88363 265.60
2/9/2010 505029 Atlas Cycle AKSHI FINANCE PVT LTD S 38715 270.49
2/9/2010 505029 Atlas Cycle VICHITER LATA S 42814 273.00
2/9/2010 505029 Atlas Cycle MBL & Co. LTD. S 18784 262.24
2/9/2010 505029 Atlas Cycle PRAKASH BALVANRAI BALDEV S 19831 275.62
2/9/2010 505029 Atlas Cycle MATRIX EQUITRADE PRIVATE LIMITED LIMITED S 57270 270.88
2/9/2010 505029 Atlas Cycle OPG SECURITIES P LTD S 99721 274.34
2/9/2010 505029 Atlas Cycle MANSUKH SECURITIES & FINANCE LTD S 28628 275.99
2/9/2010 505029 Atlas Cycle VIKARAMSING GULABSING MAHIDA S 30606 272.44
2/9/2010 505029 Atlas Cycle YOGESH ANANDILAL KHETAN S 18256 272.97
2/9/2010 505029 Atlas Cycle H J SECURITIES PVT LTD S 17106 268.80
2/9/2010 505029 Atlas Cycle A.A.DOSHI SHARE & STOCK BROKERS LTD S 26148 281.14
2/9/2010 531278 Axis Capital JASH INVESTMENT ARCADE B 15000 45.66
2/9/2010 506027 Bhoruka Alum RAJKUMAR AGGARWAL S 58000 41.40
2/9/2010 511607 Birla Shloka MAN MOHAN DAMANI B 400087 37.18
2/9/2010 511607 Birla Shloka PARAM COMMODITIES PRIVATE LIMITED S 162000 37.25
2/9/2010 511607 Birla Shloka APURVA COMMODITIES PRIVATE LIMITED S 228087 37.12
2/9/2010 502219 Borosil Glass BP FINTRADE PRIVATE LIMITED S 19987 908.63
2/9/2010 531723 Brilliant Sec DAYAKAR REDDY BIRUDAVOLU S 29570 13.32
2/9/2010 530755 Coral News GURCHARAN SINGH SHARMA B 50000 7.94
2/9/2010 530755 Coral News JAYSHREE UMAKANT RAJE B 30000 7.94
2/9/2010 530755 Coral News TAJINDERKAUR GURCHARANSINGH SHARMA S 90100 7.94
2/9/2010 512093 Cranes Soft A/C KURUTO FUND S 1104488 7.03
2/9/2010 532542 Crew Bos PRIMUS REAL ESTATES PRIVATE LIMITED B 75000 121.49
2/9/2010 532542 Crew Bos SAHAR VYAPAR PRIVATE LIMITED B 111078 118.88
2/9/2010 532542 Crew Bos SAHAR VYAPAR PRIVATE LIMITED S 111078 121.19
2/9/2010 531270 Dazzel Conf GOLDEN GALE INC-(PROP. HEMANT SURESH LOKHNADE) B 80000 32.72
2/9/2010 531270 Dazzel Conf RAMA DEVI BODHU S 90000 32.64
2/9/2010 517973 DMC Intl OURS TRADING AND HOLDINGS PRIVATE LIMITED B 120570 11.36
2/9/2010 517973 DMC Intl BHARAT GUPTA B 130625 11.31
2/9/2010 517973 DMC Intl OURS TRADING AND HOLDINGS PRIVATE LIMITED S 120570 11.37
2/9/2010 523127 EIH Associated CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 128543 200.50
2/9/2010 523127 EIH Associated OPG SECURITIES P LTD B 119452 204.82
2/9/2010 523127 EIH Associated CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 128543 201.00
2/9/2010 523127 EIH Associated OPG SECURITIES P LTD S 119452 205.14
2/9/2010 517477 Elnet Tech URVI SHREYAS VIRANI B 24500 80.34
2/9/2010 517477 Elnet Tech SAR AUTO PRODUCTS LIMITED B 57500 76.69
2/9/2010 532022 Filatex Fash MARUTI TRADING COMPANY(PROPRIETOR T C PUGALIA HUF) B 51000 12.42
2/9/2010 532022 Filatex Fash SUNITA BHANSALI S 50000 12.43
2/9/2010 532770 Hanung Toys SATYASAI IVNESTMENTS B 211882 310.20
2/9/2010 532770 Hanung Toys MAVERICK INVESTMENT SOLUTIONS PVT LTD S 126197 310.64
2/9/2010 505720 Hercules Hoist GENUINE STOCK BROKERS PVT. LTD. B 101771 335.06
2/9/2010 505720 Hercules Hoist SMART EQUITY BROKERS PRIVATE LIMITED B 266445 332.85
2/9/2010 505720 Hercules Hoist CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 171109 329.52
2/9/2010 505720 Hercules Hoist GENUINE STOCK BROKERS PVT. LTD. S 101771 335.21
2/9/2010 505720 Hercules Hoist SMART EQUITY BROKERS PRIVATE LIMITED S 266445 333.20
2/9/2010 505720 Hercules Hoist CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 171109 328.66
2/9/2010 504176 High Energy Batt DHARMENDRA R DOSHI B 12816 103.49
2/9/2010 504176 High Energy Batt INCAP SECURITIES PVT LTD S 12700 103.49
2/9/2010 511682 IFL Promoters RAVI PRAKASH SHARMA B 71500 14.24
2/9/2010 511682 IFL Promoters SAROJ GUPTA B 219632 15.14
2/9/2010 511682 IFL Promoters SITA RAM B 30000 14.19
2/9/2010 511682 IFL Promoters RAVI PRAKASH SHARMA S 50000 15.27
2/9/2010 511682 IFL Promoters BHARAT GUPTA S 86600 15.07
2/9/2010 511682 IFL Promoters SAROJ GUPTA S 219632 14.10
2/9/2010 511682 IFL Promoters SITA RAM S 20000 15.28
2/9/2010 514312 Jaihind Syn KIRAN VINODCHANDRA SHAH S 30000 47.17
2/9/2010 511034 Jindal Drill SMART EQUITY BROKERS PRIVATE LIMITED B 119659 623.00
2/9/2010 511034 Jindal Drill CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 134741 623.13
2/9/2010 511034 Jindal Drill SMART EQUITY BROKERS PRIVATE LIMITED S 119659 622.99
2/9/2010 511034 Jindal Drill CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 134741 624.25
2/9/2010 532624 Jindal Photo GENUINE STOCK BROKERS PVT. LTD. B 64898 287.92
2/9/2010 532624 Jindal Photo CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 124390 286.64
2/9/2010 532624 Jindal Photo GENUINE STOCK BROKERS PVT. LTD. S 64898 288.00
2/9/2010 532624 Jindal Photo CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 124390 285.88
2/9/2010 500227 Jindal Poly CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 173559 977.74
2/9/2010 500227 Jindal Poly OPG SECURITIES P LTD B 191906 988.65
2/9/2010 500227 Jindal Poly CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 173559 979.85
2/9/2010 500227 Jindal Poly OPG SECURITIES P LTD S 191906 988.90
2/9/2010 526409 Kalpena Inds MARYADA BARTER PRIVATE LIMITED S 90000 142.41
2/9/2010 532758 KEW Inds DHEERAJ KUMAR LOHIA B 81506 13.54
2/9/2010 590111 MASTER BALA RAMA VENKATA SIVA NAGA S S 66300 47.80
2/9/2010 533220 Midfield Industries DEEPAK SHANTILAL CHHEDA B 152665 260.47
2/9/2010 533220 Midfield Industries AMIT MANILAL GALA B 94768 260.84
2/9/2010 533220 Midfield Industries M/S. RIKHAV INVESTMENTS B 136450 259.98
2/9/2010 533220 Midfield Industries DEEPAK SHANTILAL CHHEDA S 152665 260.83
2/9/2010 533220 Midfield Industries AMIT MANILAL GALA S 94768 261.26
2/9/2010 533220 Midfield Industries M/S. RIKHAV INVESTMENTS S 136450 260.26
2/9/2010 531843 MYM Tech JMP SECURITIES PVT LTD B 140400 6.54
2/9/2010 531843 MYM Tech JMP SECURITIES PVT LTD S 207002 6.62
2/9/2010 531791 Novagold Petro RAHUL SHAH S 49330 4.97
2/9/2010 531496 Omkar Overseas ANITA GUPTA B 26963 28.11
2/9/2010 531496 Omkar Overseas JMP SECURITIES PVT LTD B 38500 28.34
2/9/2010 531496 Omkar Overseas CHIMANLAL MANEKLAL SECURITIES PVT.LTD B 53249 28.24
2/9/2010 531496 Omkar Overseas JMP SECURITIES PVT LTD S 67000 27.92
2/9/2010 531496 Omkar Overseas CHIMANLAL MANEKLAL SECURITIES PVT.LTD S 38249 27.85
2/9/2010 512097 Oregon Comm BHAVESH SHANTILAL TRIVEDI B 11000 275.05
2/9/2010 512097 Oregon Comm SANJAY JETHALAL SONI B 27154 283.46
2/9/2010 512097 Oregon Comm BHARAT A PANCHAL B 12627 280.76
2/9/2010 512097 Oregon Comm SANJAY JETHALAL SONI S 23289 284.04
2/9/2010 512097 Oregon Comm BHARAT A PANCHAL S 26627 285.61
2/9/2010 512097 Oregon Comm JIMISH J SONI S 14700 275.03
2/9/2010 513121 Oricon Enter CLEARWATER CAPITAL PARTNERS SINGAPORE FUND III PRIVATE LIMITED B 961641 351.50
2/9/2010 513121 Oricon Enter BEAUMARIS INVESTMENTS LIMITED S 961641 351.50
2/9/2010 505525 Parichay Invest NIKITA NEIL PATTNI B 25000 55.05
2/9/2010 505525 Parichay Invest PANDYA RASIKLAL BHAGVANJI B 21500 55.00
2/9/2010 505525 Parichay Invest KAPILABEN RASIKLAL PANDYA B 17100 55.00
2/9/2010 500302 Piramal Health BMK LABORATORIES PRIVATE LIMITED B 12000000 510.00
2/9/2010 500302 Piramal Health PHL HOLDINGS PRIVATE LIMITED S 12000000 510.00
2/9/2010 523333 Polar Pharma P R CHAKRAPANI B 97000 4.41
2/9/2010 523333 Polar Pharma ANKUR CHOPRA HUF S 82800 4.40
2/9/2010 533239 PRAKASHSTL GENUINE STOCK BROKERS PVT. LTD. B 210442 215.09
2/9/2010 533239 PRAKASHSTL SMART EQUITY BROKERS PRIVATE LIMITED B 206156 208.35
2/9/2010 533239 PRAKASHSTL CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 454071 216.06
2/9/2010 533239 PRAKASHSTL VICHITER LATA B 94659 216.12
2/9/2010 533239 PRAKASHSTL MANISH KUMAR CHOKHANI HUF B 942200 218.29
2/9/2010 533239 PRAKASHSTL OPG SECURITIES P LTD B 148683 211.64
2/9/2010 533239 PRAKASHSTL NITU AGARWAL B 113302 212.60
2/9/2010 533239 PRAKASHSTL GUNNY CHEM TEX INDIA LIMITED S 100909 220.59
2/9/2010 533239 PRAKASHSTL GENUINE STOCK BROKERS PVT. LTD. S 210442 215.12
2/9/2010 533239 PRAKASHSTL SMART EQUITY BROKERS PRIVATE LIMITED S 206156 208.46
2/9/2010 533239 PRAKASHSTL CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 454071 215.45
2/9/2010 533239 PRAKASHSTL VICHITER LATA S 94659 216.10
2/9/2010 533239 PRAKASHSTL MANISH KUMAR CHOKHANI HUF S 902862 215.53
2/9/2010 533239 PRAKASHSTL OPG SECURITIES P LTD S 148683 211.95
2/9/2010 533239 PRAKASHSTL NITU AGARWAL S 113302 211.56
2/9/2010 505530 Prism Info IDHASOFT LIMITED S 3550 415.35
2/9/2010 530111 Raj Packaging INDRANEEL DATTA B 21188 66.66
2/9/2010 530111 Raj Packaging RAJESH NAVLANI B 50000 66.50
2/9/2010 530111 Raj Packaging HEMANT AGNIHOTRI S 24430 65.54
2/9/2010 530111 Raj Packaging HIGHLINE FINANCE & INVESTMENTS PRIVATE LIMITED S 30000 66.43
2/9/2010 530111 Raj Packaging JATIN SAMPATKUMAR DOKWAL S 20000 67.40
2/9/2010 524037 Rama Phosphates THINK BULL PRIVATE LIMITED B 30716 82.58
2/9/2010 524037 Rama Phosphates SHREY SECURITIES PVT LTD B 35536 82.70
2/9/2010 524037 Rama Phosphates SHREY SECURITIES PVT LTD S 31207 82.42
2/9/2010 590077 Ranklin Sol BALA RAMA VENKATA SIVA NAGA S S 29111 120.87
2/9/2010 590077 Ranklin Sol VENKATRAMI REDDI GORLA S 26038 125.96
2/9/2010 526753 Roselabs Inds NILESH KRUSHNA PALANDE B 120356 33.98
2/9/2010 526753 Roselabs Inds JAYSHREE SHANKAR BHOSLE B 150000 33.98
2/9/2010 530461 Saboo Sodium BAGS REGISTRY SERVICES PVT. LTD. B 80000 30.75
2/9/2010 530461 Saboo Sodium GOPAL DAS SONKIA S 87800 30.53
2/9/2010 532836 Sancia Global Infraprojects JITENDRA KUMAR GAUR B 847303 20.36
2/9/2010 532836 Sancia Global Infraprojects RAJ FINVEST B 199066 20.14
2/9/2010 532836 Sancia Global Infraprojects NITIN BABAJI PALANDE B 434242 20.53
2/9/2010 532836 Sancia Global Infraprojects UMESH PURUSHOTTAM CHAMDIA HUF B 200000 21.65
2/9/2010 532836 Sancia Global Infraprojects AAP INVESTMENTS B 200000 21.65
2/9/2010 532836 Sancia Global Infraprojects SARSWATI VINCOM LIMITED B 506183 21.57
2/9/2010 532836 Sancia Global Infraprojects BP FINTRADE PRIVATE LIMITED B 269839 21.41
2/9/2010 532836 Sancia Global Infraprojects JITENDRA KUMAR GAUR S 847303 20.99
2/9/2010 532836 Sancia Global Infraprojects RAJ FINVEST S 199066 20.03
2/9/2010 532836 Sancia Global Infraprojects NITIN BABAJI PALANDE S 434242 21.12
2/9/2010 532836 Sancia Global Infraprojects UMESH PURUSHOTTAM CHAMDIA HUF S 200000 21.61
2/9/2010 532836 Sancia Global Infraprojects AAP INVESTMENTS S 200000 20.62
2/9/2010 532836 Sancia Global Infraprojects SARSWATI VINCOM LIMITED S 506183 19.70
2/9/2010 532836 Sancia Global Infraprojects BP FINTRADE PRIVATE LIMITED S 269841 21.51
2/9/2010 532972 Sankhya Info BAKLIWAL FINCOM PRIVATE LIMITED B 70000 33.29
2/9/2010 532972 Sankhya Info RAJEEV KHANNA S 51949 33.02
2/9/2010 511754 Shalibhadra Fin RANJANBEN ANILBHAI SHAH B 25034 39.16
2/9/2010 530611 Sturdy Inds SHITAL BHAVESHKUMAR PARIKH S 200000 5.22
2/9/2010 533089 TELE TECHNO DELIGHT FINANCIAL ADVISOR PVT LTD B 2904616 1.40
2/9/2010 531703 Tribhuvan Hous GOPALA PILLAI VIJAYAKUMAR B 157164 19.80
2/9/2010 531703 Tribhuvan Hous NILESH KRUSHNA PALANDE S 196400 19.80
2/9/2010 531703 Tribhuvan Hous GOPALA PILLAI VIJAYAKUMAR S 121020 19.80
2/9/2010 590091 TRINETHRA IN A C P INDUSTRIES LIMITED S 375000 44.00
2/9/2010 532917 Varun Inds SWATI RAJESH SHAH B 212251 174.15
2/9/2010 532917 Varun Inds SWATI RAJESH SHAH S 166967 174.53
2/9/2010 531015 VENMAX SANTOSH VASANT BHELEKAR B 52000 7.02
2/9/2010 531015 VENMAX VENKAT SUDHEER KUMAR KANAKABANDI S 30000 7.00
2/9/2010 531874 Venus Ventures INDRAVARUN TRADE IMPEX PVT. LTD. B 156384 10.69
2/9/2010 531874 Venus Ventures SUMAN GUPTA B 33000 11.07
2/9/2010 531874 Venus Ventures RAJASHEKAR KODIPYAKA B 30000 10.56
2/9/2010 531874 Venus Ventures INDRAVARUN TRADE IMPEX PVT. LTD. S 156384 10.73
2/9/2010 531874 Venus Ventures SUMAN GUPTA S 33000 11.02
2/9/2010 531874 Venus Ventures VESTA SOLUTIONS PRIVATE LIMITED S 100000 10.50
2/9/2010 532411 Visesh Info SANTOSH VASANT BHELEKAR S 418683 9.67
2/9/2010 531249 Well Pack Papers TUSHAR RAMESHBHAI PATEL B 791202 82.45
2/9/2010 531249 Well Pack Papers TUSHAR RAMESHBHAI PATEL S 859605 81.96
* B - Buy, S - Sell
NSE Bulk Deals to Watch - Sep 2 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
02-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,AJAY ASSET MANAGEMENT PRIVATE LIMITED,BUY,16554,284.63,-
02-SEP-2010,ATLASCYCLE,Atlas Cycles (Haryana) Lt,ANGEL GLOBAL CAPITAL PRIVATE LIMITED,BUY,21781,269.70,-
Sensex ends with tepid gains
Major headlines
Export growth slows in July
Welspun Corp jumps on winning orders; the stock closes higher by 3.19%
Bajaj Auto August sales jump 55%; the stock ends 1.28% higher
Shipping, sugar, hotel stocks sizzle as market logs small gains
Key benchmark indices eked out small gains in volatile trade as they rose in the first half of the day's trading session in sync with Asian markets. However, lower start from European market capped gains in second half of the day's trading session. The BSE 30-share Sensex rose 32.44 points or 0.18%, off 117.53 points from the day's high and up 23.03 points from the day's low. The S&P CNX Nifty settled below the psychological 5,500 mark after moving above and below that level in the day.
Markets expect a strong start
Headlines for the day:
Fortis plans to list SRL in 2011
IRDA clears 51 unit-linked plans
Indian Bank may sell Rs900 crore bad loans to ARC
Market seen extending Wednesday's rally on upbeat global cues; inflation data eyed
The market is likely to extend Wednesday (1 September 2010)'s 1.31% gains on upbeat global cues following encouraging economic data in the US. Asian markets were trading firm. Trading of the S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could gain 35 points at the opening bell.
Daily News Roundup - Sep 2 2010
Reliance Industries has hiked its stake in hospitality firm EIH Ltd to 14.8%, taking the Mukesh Ambani-led firm a step closer to the threshold limit of 15% for making an open offer. (BS)
Jaguar Land Rover, a Tata Motors subsidiary, will launch a slew of entry-level cars, including a station wagon and a roadster, to boost volumes across markets. (ET)
Sensex starts September on strong note
The Indian market kicked off the first trading day of September on a high and closed the session with a big bang, as investors snapped up beaten down stocks following the recent reversals. The sentiment got a boost after data showed improvement in China's manufacturing sector output and Australia's GDP growth.
CEAT
We recommend a buy in the stock of CEAT from a short-term perspective. It is seen from the charts of the stock that it had been on an intermediate-term downtrend from its October 2009 peak of Rs 190 until it found support at around Rs 125 in May 2010. However, after hovering between Rs 125 and Rs 130 , the stock started to trend up and has since been on a medium term uptrend. On August 17, the sock jumped 12 per cent accompanied with good volumes, conclusively penetrating its 50 and 200-day moving averages. Thereafter, the stock decisively breached its intermediate-term downtrend line, signalling resumption of uptrend. Moreover, on Wednesday, the stock bounced up 6.6 per cent reinforcing the bullish momentum. The stock is trading well above its 50 and 200-day moving averages. The daily relative strength index has re-entered into the bullish zone from the neutral region and weekly RSI is on the brink of entering into this zone. Further, the weekly moving average convergence divergence oscillator is likely to enter into the positive territory implying upward momentum.
Super Religare Laboratories plans IPO in 2011
Fortis Healthcare plans to launch an initial public offer (IPO) for its diagnostics business unit, Super Religare Laboratories (SRL), in the next calendar year (2011), a top company official said today, reports agency source.
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