Thursday, August 5, 2010
Target achieved in Tata Motors Aug Fut
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European markets update: FTSE Index and DAX Index flat and CAC Index up 0.2%
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Buy Tata Motors Aug Fut at Rs841 with SL of Rs836 for Target of Rs854
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Results Today:
Anant Raj Industries, Ansal Housing, Aurobindo Pharma, Dredging Corp., Essar Shipping, Man Infra, Oracle Financial, Varun Shipping and Zenotech Labs.
FIIs were net buyers of Rs6.88bn in the cash segment on Wednesday (provisionally), according to the NSE web site. Local funds were net sellers of Rs2.75bn. In the F&O segment, they were net buyers at Rs5.91bn. On Tuesday, the FIIs were net buyers of Rs6.77bn in the cash segment. Mutual Funds were net buyers at Rs273mn on the same day.
Corporate Snippets
TCS is eyeing two contracts for strategic defense communication systems worth Rs28bn. (BS)
ONGC-led consortium of state-owned energy firms proves viability of 2.7 trillion cubic feet (tcf) Mahanadi block. (ET)
L&T bags orders worth Rs10.25bn for the construction of two hospital, residential projects in Mumbai and a cement plant. (BL)
Andhra Pradesh government awards ~Rs121bn Hyderabad Metro Rail Project to L&T. (BS)
Tamil Nadu government signs three MoUs worth about Rs130bn with major companies for various projects, including setting up of a liquefied gas terminal by IOC. (BS)
ONGC-led consortium of state-owned energy firms proves viability of 2.7 trillion cubic feet (tcf) Mahanadi block. (ET)
L&T bags orders worth Rs10.25bn for the construction of two hospital, residential projects in Mumbai and a cement plant. (BL)
Andhra Pradesh government awards ~Rs121bn Hyderabad Metro Rail Project to L&T. (BS)
Tamil Nadu government signs three MoUs worth about Rs130bn with major companies for various projects, including setting up of a liquefied gas terminal by IOC. (BS)
Wednesday, August 4, 2010
European markets update: FTSE Index down 0.7%, CAC Index down 0.4% and DAX Index 0.5%
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Long Bajaj Hindustan Aug futs at Rs120 with SL of Rs116 for a target of Rs128
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