CafeStocks MarketUpdate

G P Electronics – Tips
G P Electronics – Price Details
G P Electronics – Technical Analysis
Delta Magnets has received its board???s approval to acquire 100% stake in UK based — MMG Magdev — and Chennai based — MMG India — being associates / subsidiaries of TT electronics Plc.The above said acquisitions will strategically help the company in increasing its market presence for magnets in both, the domestic and global market.The Indian [...]

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Key benchmark equity indices gained strength during today???s trade. After a sluggish opening hour of trade, benchmarks traded choppy, mostly in-line with the Asian markets. However, with the flat opening in the major European markets, benchmarks made headways above the neutral line. As trade progressed, local markets made significant up move during the last hour of trade on bullish European markets. Nifty regained the 5,300 level and settled [...]

Satyam Computer Services – Tips
Satyam Computer Services – Price Details
Satyam Computer Services – Technical Analysis
Satyam Computer Services??? new brand identity Mahindra Satyam???s business process outsourcing (BPO) arm, Mahindra Satyam BPO has entered into partnership with Direct Channel Holding, one of Africa’s leading contact centre and BPO Company.The newly formed alliance allows Direct Channel to extend its service offerings to its already extensive domestic customer base, to meet today’s complex business [...]

Sundaram Finance – Tips
Sundaram Finance – Price Details
Sundaram Finance – Technical Analysis
Sundaram Finance (SFL) has decided to buy BNP Paribas Asset Management???s (BNP PAM) 49.90% shareholding in Sundaram BNP Paribas Asset Management Company and Sundaram BNP Paribas Trustee Company, subject to necessary agreements and regulatory approvals. Following the acquisition, the two companies will become wholly owned subsidiaries of Sundaram Finance. Earlier, BNP Paribas SA (parent of BNP PAM) had acquired the [...]

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Late rally in local equities helped the domestic equity markets to settle in the positive terrain on Wednesday. Though most of the regional peers remained subdued in trade, the positive European markets and higher US index futures boosted investor confidence. The main indices reversed most of their Tuesday’s losses in trade today underpinned by buying in all the pockets of the market barring software counter. After a gap [...]

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Asian equity indices finished mostly in the negative terrain on Wednesday as investors remained cautious on concern over slow global economic recovery. The downfall was also supported by the fall in the US June consumer confidence index. The Conference Board???s Consumer Confidence Index fell to 52.9 from a revised 62.7 in May. Shanghai Composite declined 28.68 points or 1.18% to 2,398.37, Hang Seng stumbled 119.91 points or 0.59% to [...]

Bhushan Steel – Tips
Bhushan Steel – Price Details
Bhushan Steel – Technical Analysis
Bhushan Steel, one of India???s leading steel producers, has mopped up $300 million worth of foreign currency loan for funding its capacity expansion plans, few media reports quoted. SBI Capital Markets was the lead arranger. The counter is currently trading at Rs. 1,418.35, up by 5.30 points or 0.38% from its previous closing of Rs. 1,413.05 on the BSE.The scrip [...]

Bhushan Steel – Tips
Bhushan Steel – Price Details
Bhushan Steel – Technical Analysis
Bhushan Steel, one of India???s leading steel producers, has mopped up $300 million worth of foreign currency loan for funding its capacity expansion plans, few media reports quoted. SBI Capital Markets was the lead arranger. The company is looking to augment steel production capacity of its Orissa-based facility to 4.7 million tonnes. It plans to shell out around Rs 5,000 [...]

Dhanalakshmi Bank – Tips
Dhanalakshmi Bank – Price Details
Dhanalakshmi Bank – Technical Analysis
Dhanalakshmi Bank has set its base rate at 7% as per Reserve Bank of India (RBI) directives with effect from July 01, 2010.The scrip is currently trading at Rs 189.15, up by 4.40 points or 2.38% from its previous closing of Rs 184.75 on the BSE.The scrip opened at Rs 182 and has touched a high and low of Rs [...]

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Key benchmark equity indices are holding on to their gains but are trading in a narrow range approaching the last hour of trade. Some of the other Asian markets trimmed their early losses, albeit the overall market sentiment remained somber. Major European markets are trading on a mixed note without much movement on either side of their respective neutral lines. Back home, Oil & Gas and Fast Moving [...]