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Monday, May 18, 2009
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Election 2009 Results - Live

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UPA in a position to pick and choose allies for the Cabinet
Pre-poll partners have better chance for ministerial berths. New Delhi, May 17 It will be at least one more week before the new Council of Ministers becomes known, according to a former Congress Minister of the outgoing UPA ...

MNC units abroad to come under drug regulator scanner
Move to bring in more transparency, says Controller-General. New Delhi, May 17 The Drugs Controller-General of India (DGCI) will soon start sending its officers to foreign countries to inspect the manufacturing facilities of multinational ...



The day after: (From left...
TODAY'S PICK (Latest Audio: English/Tamil)
India Infoline (Rs 94.35): Buy
We recommend a buy in India Infoline from a short-term trading perspective. It is apparent from the charts of India Infoline that in early March of this year it took support at Rs 40, a significant long-term support level. Subsequently, the ...

Day Trading Guide


Analysts expect FII deluge
Possibility of financial reforms makes market attractive. Mumbai, May 17 Foreign institutional investors are expected to raise a toast to the Indian equity market in the coming week as they see the political stability and continuity in policies ...

The counting drama plays out like a T20 match
THE SIVAGANGA HUMDINGER. Chennai, May 17 The suspense, drama and confusion on Saturday over whether the Home Minister, Mr P. Chidambaram, had won or lost the Lok Sabha election in the Sivaganga constituency of Tamil Nadu is summed up by his son ...

India to be Ericsson’s hub for managed services
This is a very good place to be for us, says CEO. New Delhi, May 17 With Ericsson set to bag major contracts worth multi-billion dollars from Indian operators including BSNL, the Swedish telecom equipment manufacturer is increasing its ...

Learning from the debacle
The Economic & Political Weekly (March 28, 2009) has devoted a special issue to analysing the global economic and financial crisis. It has contributions by many distinguished authors, many of whom are ...

Market may witness rush as suspense ends
Domestic players could take the lead. Initial reaction of the market this week to the election results could be euphoric. A large section of market players and investors would like to join a new, confident and not-risk-averse ...

Oil sector looks to free pricing of petrol, diesel
Mumbai, May 17 India Inc will be doubtless delighted with the election results at a time when the global recession shows no signs of abating and the need for a strong, stable government at the Centre ...

PSU stocks: On divestment hopes
With the UPA set to form the Government without the support of the Left but with a number of smaller parties, the PSU firms are expected to tap the stock market route in an aggressive way for raising resources as the smaller parties have ...

Gold likely to test $950 level this week
Key US data may decide on further direction. Gold regained some shine last week, particularly during the weekend when a rise in US core inflation boosted its fortunes. The yellow metal is seen as a good hedge against inflation and not ...

Uptrend seen in gold futures
Gold futures, ended higher on Friday as investment demand increased on the back of rising consumer prices and a fall in equities. The potential implication of inflation has brought back the inflationary hedge appeal for gold. Gold is also ...

Forex losses – the dust settles
A review of the financial statements of companies in the recent past bring to light that an important debit to the profit and loss (P&L) account is on account of foreign exchange (forex) losses. This has especially peaked in view of the ...

Corporates go to ECGC for cover against cross-border receivables
Requests from Jet, Hyundai and Wipro Infotech being processed. Bangalore, May 17 A clutch of corporates, including Jet Airways, Hyundai Motors Ltd and Wipro Infotech, has approached the Export Credit Guarantee Corporation of India Ltd (ECGC) for ...

Monsoon watch on in Bay as heat wave sizzles
Thiruvananthapuram, May 17 The India Meteorological Department (IMD) has maintained that conditions are favourable for advance of southwest monsoon over south Andaman Sea and southeast Bay of Bengal within two ...


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Markets (May 15)
Nifty (at close)3671.65(+78)
US Dollar (Buy/Sell)49.40/42
Brent crude (a bbl) Rs2,878
Gold (a gram) Rs1,379
Silver (a kg) Rs24,040


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