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Tuesday, September 14, 2010
Sensational to subdued!
Subdue your passion or it will subdue you - Horace.
What a sensational start and finish as bulls conquered Mount 19K. But then today is a different day as the start is likely to be a bit subdued. Asian markets are mixed and the US stocks didn’t exactly set Wall Street afire.
Markets may see a flat start
Headlines for the day:
Cairn selective in government okay for stake sale
Suzlon plans R&D centre, listing in China
Nestle to invest Rs500 crore in food processing unit
Daily News Roundup - Sep 14 2010
Tata Teleservices crossed the 75mn subscriber milestone to become the fourth largest telecom operator in the country. (BS)
Suzlon Energy plans a research and development centre and listing its Chinese subsidiary, Suzlon Energy (Tianjin) Ltd, on the Hong Kong Stock Exchange, in a few years. (BS)
Kalpataru Power Transmission has secured three orders worth over Rs5.5bn from the Kenya Electricity Transmission Company and Parbati Koldam Transmission Company. (ET)
The Supreme Court adjourned the hearing on the Sasan coal dispute between Tata Power Company and Reliance Power to November 8, after Attorney General G E Vahanvati submitted that Tata Power had filed an affidavit containing wrong statements. (BS)
Nifty ends above 5750...SBI, RIL lead
Bulls went on rampage today, extending last weeks solid gains, as world markets roared back to life amid easing concerns over the ongoing economic recovery. Better than expected July IIP data, coupled with encouraging Chinese economic reports over the weekend lifted the mood on Dalal Street. Banks led from the front on optimism that lending will pick up in a fast-growing Indian economy and that they are well capitalised.
SREI Infrastructure Finance
Investors with a short-term trading perspective can buy the stock of SREI Infrastructure Finance. The stock is moving in a sideways channel with an upward bias since last June. Within this channel, the stock is in a medium term uptrend since February 2010.
Base metals turn strong
Chinese reports lead strength to prices
Copper prices registered strong gains on Monday, 13 September at Comex. Prices rose as China came out with some optimistic economic reports and as dollar weakened.
Monday, September 13, 2010
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