BSE NSE Dalal Street blog, Nifty futures

BSE Sensex slides 0.49% as market still on decline

noreply@blogger.com (VJonDalalStreet) — Wed, 23 May 2012 06:41:29 PDT

The BSE Sensex shed 78.31 points or 0.49% to 15,948.10, its lowest closing level since 9 January 2012. The index fell 179.38 points at the day's low of 15,847.03 in early afternoon trade. The index declined 24.38 points at the day's high of 16,002.03 in afternoon trade. The S&P CNX Nifty was down 24.85 points or 0.51% to 4,835.65, its lowest closing level since 12 January 2012. The index hit a

Sony India to invest Rs 450 crore in advertising this FY13

noreply@blogger.com (VJonDalalStreet) — Wed, 23 May 2012 08:41:25 PDT

Masaru Tamagawa, the managing director of Sony India, announced this day that they are set to invest Rs 450 crore in advertising in the current financial year to boost sales.

Jhunjhunwala acquires Rs 26 crore worth of shares in A2Z Maintenance

noreply@blogger.com (VJonDalalStreet) — Wed, 23 May 2012 08:46:26 PDT

Rakesh Jhunjhunwala, an investor with billions of assets, as well as Rekha, his better half, announced this day that they already purchased 26.5 lakh shares of A2Z Maintenance and Engineering Services which is valued above Rs 26 crore.

Idea Cellular reduces fees utmost 70% for 3G services

noreply@blogger.com (VJonDalalStreet) — Wed, 23 May 2012 08:54:03 PDT

After Bharti Airtel, the industry leading firm, acted to reduce tariff, Idea Cellular, the unit of Aditya Birla Group, announced this day that they have reduced fees by utmost 70% for 3G services.

Talwalkars eyes to sustain growth rate at 30-35% in FY13

noreply@blogger.com (VJonDalalStreet) — Wed, 23 May 2012 09:01:28 PDT

The chief financial officer of Talwalkars Better Value Fitness, Anant Gawande, announced that in the current fiscal year, they are optimistic to sustain growth rate in the range of 30-35% onwards.

Government requires petrol prices hike soon

noreply@blogger.com (VJonDalalStreet) — Wed, 23 May 2012 09:04:49 PDT

The Chairman of Prime Minister's Economic Advisory Council, C Rangarajan, made an announcement this day that the government will require to increase petrol prices as soon as possible to resolve fiscal deficit issues.

Direct dollar sales by Reserve Bank of India to oil companies likely

noreply@blogger.com (VJonDalalStreet) — Wed, 23 May 2012 09:11:18 PDT

The chief economic adviser to the prime minister announced this day that following the rupee slumped to a historical loss, dollars’ direct sales by the Reserve Bank of India must not be neglected to government-managed oil firms.

Opto Circuits eyes revenue growth of 20% this FY13

noreply@blogger.com (VJonDalalStreet) — Wed, 23 May 2012 10:04:10 PDT

In the latest development, the head of finance of Opto Circuits, V Bhaskar, announced that they have been looking forward to obtain revenue expansion of 20% in the financial year 2012-2013.

Amway India expects turnover worth Rs 2,500 crore this year

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 05:41:19 PDT

Bhuvan Kapoor, the Vice President of Amway India, a top direct selling firm, announced this day that they have been looking forward to obtaining Rs 2,500 crore turnover in the current calendar year.

Standard Chartered Bank expects Q4 GDP of India at 6%

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 05:44:25 PDT

The GDP growth of India was predicted by Standard Chartered Bank to come in only at 6% in the January-to-March quarter which is below from the past approximations in the range of 6.5-7%.

Manufacturers recalling power-inefficient aircon, fridge looms

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 05:48:22 PDT

In the latest statement made by the Bureau of Energy Efficiency or BEE, the manufacturing firms of air-conditioners as well as refrigerators will most probably recall merchandises in the near future when discovered power inefficient.

Puravankara eyes to launch 5 new projects in FY13

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 05:51:04 PDT

The COO of Puravankara Projects, Jackbastian Nazareth, announced that they have been aiming to introduce 5 fresh ventures in the financial year 2012-2013 in key market cities such as Bangalore, Chennai, Coimbatore, Mangalore and Mysore.

Government increases SDS interest rate to 8.8% in FY13

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 05:55:21 PDT

The state admin already raised interest rates on State Provident Funds as well as Special Deposit Scheme or SDS in the financial year 2012-2013 wherein the rate should come in at 8.8% from 8.6% at present.

Tanishq eyes low expansion rate of 30% in FY13

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 05:59:05 PDT

The Vice President for Retail and Marketing of Tanishq, a jewellery retailing unit of Titan Industries, Sandeep Kulhalli, announced that they have been looking forward to expand at a low pace 30% in the current financial year.

BSE Sensex hikes 1.72% as market accelerates

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 06:01:32 PDT

The BSE Sensex jumped 274.20 points or 1.72% to settle at 16,222.30, its highest closing level since 15 May 2012. The index jumped 304.27 points at the day's high of 16,252.37 in late trade. The index fell 13.33 points at the day's low of 15,934.77 in morning trade. The S&P CNX Nifty jumped 85.75 points or 1.77% to settle at 4,921.40, its highest closing level since 15 May 2012. The index hit a

Exide Industries increases prices of car battery by 2.5%

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 06:05:09 PDT

Exide Industries’ shares accelerated by 2.5% following its announcement that it already increased prices of automotive battery by 2.5% wherein it will take effect on the first day of June.

Bharti Airtel to acquire 49% stake in Qualcomm India broadband unit

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 06:08:02 PDT

The largest cellular phone operator of India, Bharti Airtel, announced this day that it already sealed a deal to acquire 49% equity shares in Qualcomm Inc's fourth-generation or 4G broadband subsidiary in India worth USD 165 million.

Ashiana Housing acquires 4,154 square meters land in Rajasthan

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 06:11:17 PDT

In the latest development, Ashiana Housing, a real estate company, announced this day that it already bought above 4,154 square meters of land located in Rajasthan for the development of residential venture in that place.

Jet Airways gets favor amid downturn in Air India, Kingfisher

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 06:15:06 PDT

Jet Airways got the best deal during the downturn in Air India as well as Kingfisher Airlines whereas the firm has been planning to make an order utmost 100 narrow-body airplanes in the current fiscal year.

Reserve Bank of India may still opt to sell dollars to oil firms

noreply@blogger.com (VJonDalalStreet) — Thu, 24 May 2012 06:18:24 PDT

The Reserve Bank of India or RBI revealed about it choice to put on sale dollar straight to government oil firms, according to the statement made by Duvvuri Subbarao this day.