Todays Highlight April 16
Posted by Stock Market Guru on 15 April, 2009
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- Sensex opened negative with 160 point gap and touched 10719 low level on negative oversee cues and bad infosys guidance.
- Buying in Reality, Power and Banking stocks, helped to recover and rebounce market to touch day’s high of 11338 before closing 318 point up at 11285 level.
- BSE Index Closes: Reality 9%, Capital Goods 7.5%, Power 5.1%, Bankex 4.5%, Mid-cap index 4% and Small Cap Index 5.3% but IT index closed in red at -1.7%
- Infosys ADRs dropped by 9.2% on bad revenue guidance for 2009-10
- Bank of India (BOI) cut deposits rate by 0.25% to 1%
- Due to cash crunch, real estate giant DLF has approached the government on surrendering five of the nine IT(ITeS) SEZ.
- Due to growth slowing, Second largest Internet Service provider YAHOO! may cut jobs third time
- IOC and BPCL will raise jet fuel price by 6% due to international crude price hikes
- IT companies to get an offer of $1 bn from Government of India. Rs. 1000 cr from Indian Rail Human Resourse, Rs. 5000 cr from BSNL Billing and Rs. 60000 cr order from Power Ministry. Infosys, TCS and Wipro are major runners. – CNBC, MoneyControl.com
- Polling for first phase of Loksabha polls start today – BS
- Jindal South West Energy will invest Rs 5000 cr 1200 MW power projects worth capacity during2009-10 year
- Today’s Free Trading Calls — ” Mint Money Here ” – Stock Market Guru
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