TOP NIFTY GAINERS
POWERGRID was up by 6.37% and closed at 91.80
M&M was up by 5.10% and closed at 295.90
RANBAXY was up by 3.97% and closed at 215
GRASIM was up by 2.75% and closed at 1382.75
CAIRN was up by 2.14 and closed at 155.25
NIFTY TOP LOSERS
HDFC was down by 4.49% and closed at 1291.70
PNB was down by 4.44% and closed at 346.55
TATASTEEL was down by 4.37% and closed at 160.75
SAIL Was down by 4.34% and closed at 76.10
ABB was down by 3.44% and closed at 385.65
Indian Market News, news
BSE, Market, NSE, Sensex, top gainers & losers
ITD Cementation India has informed BSE that a meeting of the Board of Directors of the Company will be held on March 05, 2009, inter alia, to consider the Annual Accounts and recommend dividend, if any, for the year ended December 31, 2008. Â
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, book close, BSE, Dividend, ITD
ABB has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from May 13, 2009 to May 19, 2009 for the purpose of payment of dividend & 59th Annual General Meeting (AGM) of the Company to be held on May 19, 2009
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ABB, ABB book close, BSE, Dividend, Market
Hong Kong based Brokerage firm CLSA has given negative report on EPS targets of major index companies on the back economic slow down.
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CLSA has cut Tata Steel’s EPS targets by 40% to Rs. 6.90 while it sees Hindalco to do FY09 EPS plunging to -10.60.
The form has also cut EPS estimates of RIL (for FY09), ICICI BANK, and SBI (for FY10) by 6%, 8.2% and 5.2%, respectively.
The brokerage firm, sees 2009-end target for BSE SENSEX 11,000 while it has cut Sensex’s FY09 EPS estimate by 5% and that of FY10 by 7%.
Among non index stocks CLAS has cut Punj Lloyd’s FY09 EPS estimate by 18%.
Indian Market News, news
clas, eps
Week opened Indian stock markets closed father week on the CLAS downgrades of EPS targets of most of the index stocks. CLSA has down graded the EPS targets of ICICI Bank, TATA Steel, and Reliance Industries.
BSE Bank index closed at 4298.91 down by 3.49%, IT index closed at 2038.51 down by 2.69% and Metal Index closed down by 2.67% at 4692.47.
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BSE, markets today, Nifty, NSE, Sensex, Stock markets
On the last trading session before a long weekend the Indian stock markets ended on lower note. The NSE CNX Nifty50 closed at 2736.45 down by almost 2% or 52 points.
The BSE Sensex closed at 8843 down by 199 points, but the Nifty and Sensex both closed above theirs support levels. Nifty did slip below its critical support level of 2750 but managed to end above 2700 mark. BSE Sensex closed at 8843 above support level of 8800.
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TOP NIFTY GAINERS
ABB was up by 1.64% and closed at 399.40
ACC was up by 1.21% and closed at 553.85
NIFTY TOP LOOSERS
ICICIBANK was down by 7.10% and closed at 335.85
HCLTECH was down by 5.09% and closed at 103.50
RCOM was down by 4.43% and closed at 155.35
TATACOMM Was down by 3.64% and closed at 390.10
RELINFRA was down by 3.63% and closed at 489.95
Indian Market News, news
BSE, Market, NSE, Sensex, top gainers & loosers
PFC has informed BSE that the Board of the Company at its meeting held on February 19, 2009, has declared and approved the payment of interim dividend at the rate of 26.5% (Rs 2.65/- per share) for the financial year 2008-09.
Indian Market News, news
, Dividend, pfc
IDBI, an Indian Private sector bank has tied up with Europe’s premier Bancassurer, Fortis for insurance business in India . IDBI-Fortis is joint venture between IDBI,Fortis, and Federal Bank.
IDBI holds 48% stake and Frotis and Federal banks hold 26% each.
IDBI fortis has lunched its first products in March 2008.
Insurance
IDBI, Insurance
The derivative contracts in the below mentioned security has crossed 95% of the market-wide position limit and are currently in the ban period.
Securities in Ban For Trade Date 20-February-2009Â
AKRUTI
EDUCOMP
Indian Market News, news
Akruti, ban, Educomp, FNO, fno ban stoks