Street cheers as Crude backs off
Stock specific activity to pick up steam as Indices consolidate
Crude Oil eased from 29-month highs amid reports that more countries will step in to boost production and that Gadhafi may consider stepping down. Wall Street closed higher after couple of weak sessions.
News Bytes
* BoI raises FD rates by up to 75 basis points
* Jyothy Fabricare eyes acquisitions in Mumbai, Delhi
* LIC drops plan to issue infra bonds worth Rs 5,000 crore
* Lovable Lingerie IPO subscribed 4% on Day 1
* More acquisitions, Rs 5,000-cr turnover in 2011-12: Dabur
* Mahindra Group ties up with Cisco
* Magma Fincorp to securitise 45% of 2010-11 loans
* Planning Commission panel for slashing pharma FDI
* Steaming prices lift Tata Coffee scrip 20%
Markets - Consolidation is the order of the day
Nifty is likely to open flat after couple of days of volatile trade and might trade in a range. Stock specific moves are expected today and it is heartening to see few stocks coming out of the groove yesterday. This clearly indicates positives for the investment community going ahead. We advice our subscribers and investors to stay active this month as it offers excellent oppurtunity for making some money. We are confident of a bullish March despite of higher crude oil.
Stock specific activity to pick up steam as Indices consolidate
Crude Oil eased from 29-month highs amid reports that more countries will step in to boost production and that Gadhafi may consider stepping down. Wall Street closed higher after couple of weak sessions.
News Bytes
* BoI raises FD rates by up to 75 basis points
* Jyothy Fabricare eyes acquisitions in Mumbai, Delhi
* LIC drops plan to issue infra bonds worth Rs 5,000 crore
* Lovable Lingerie IPO subscribed 4% on Day 1
* More acquisitions, Rs 5,000-cr turnover in 2011-12: Dabur
* Mahindra Group ties up with Cisco
* Magma Fincorp to securitise 45% of 2010-11 loans
* Planning Commission panel for slashing pharma FDI
* Steaming prices lift Tata Coffee scrip 20%
Markets - Consolidation is the order of the day
Nifty is likely to open flat after couple of days of volatile trade and might trade in a range. Stock specific moves are expected today and it is heartening to see few stocks coming out of the groove yesterday. This clearly indicates positives for the investment community going ahead. We advice our subscribers and investors to stay active this month as it offers excellent oppurtunity for making some money. We are confident of a bullish March despite of higher crude oil.
