Bulls may attempt another rally for more subscribe for paid calls add sheth_jg@yahoo.com
As mention Yesterday good global clues be long see today what will happen
A gap up opening is in store. The problem, as seen in recent times, is that markets open with a gap and hardly give a chance to pocket quick gains. Face it. After losing money quickly, who doesn’t want an opportunity to make some quick bucks? We won’t debate on whether greed is a moral or economic problem. The Nifty futures trading in Singapore point to a gap-up opening. The bulls will hope to have a blast before one of the longest weekends in the market. Remain guarded in approaching today's trade. We are not sure if this is a dead cat bounce or resumption of another bull phas
The Fed has lowered rates by 75 basis points or 0.75 percent, slightly lesser than what was expected. The interest rate now stands at 2.25%.
The US central bank has cut interest rates in a bid to restore confidence to nervous financial markets and boost the ailing economy. US Treasury Secretary Henry Paulson had admitted earlier on Tuesday that the US economy is facing a "sharp decline".
The Fed has lowered rates six times since September 2007 in a bid to boost the economy, which is reeling from the credit crisis triggered by a slump in the US housing market.
Corporate Front Page
ICICI Bank seeks additional collateral from corporate borrowers of offshore finance.
HDFC to raise Rs40bn debt to finance stake purchase in HDFC Bank.
TCS opens its largest delivery centre in the US at Ohio having a capacity of 1,000 people.
Jaypee Group leads race for ICICI’s 45% stake in exploration firm Prize Petroleum.
Ranbaxy has signed a pact with CD Pharma to market dental drug brand INERSAN in India and Nepal.
Reliance Communications to buy Europe-based specialty WiMax operator.
Maruti Suzuki to ramp-up its plant capacity in Manesar, Haryana, to 3lacs units per year by October 2008.
ICICI Bank has announced country’s largest securitization program of Rs58bn.
REL to hire more engineers and managers to execute contracts worth US$3.65bn.
Indiabulls Power, owned by Indiabulls Real Estate, has won the bid to set-up a 1,600MW Bhaiyathan power project in Chattisgarh.
RCF has lined up an investment plan of Rs76.4bn for setting up an ammonia-urea and phosphatic plant in Mozambique.
MTNL likely to offload 50% stake in Suntel, a Sri Lankan telco.
Reliance ADAG is setting up a cement unit in Madhya Pradesh.
L&T wins contract worth Rs1.7bn from a Chinese firm to supply gasification equipments.
Tata Motors to get US$3bn one-year bridge loan from Ctitgroup and JP Morgan to help finance potential purchase of Jaguar and Land Rover.
Vishal Retail signs an agreement with HPCL for opening stores at its selected outlets across the country.
Orient Global Tamarind has picked up nearly 1% in Axis Bank for Rs2.38bn in open market transactions.
Allied Digital to raise utpo US$100mn through issue of securities in domestic as well as international markets.
DCM Shriram acquires 49% stake in hybrid seeds business from its JV partner for US$13.3mn.
Sical Logistics plans to buy an Indian freight forwarding company.
Barings PE buys 12% in brokerage firm Sharekhan for Rs2.4bn.
Economic News
Corporate advance tax payments rise 110%.
GDP growth may slow down to 8% in 2008-09 says Mr. Montek Singh, Deputy Head of the planning commission.
MMRDA auctioned three plots in Bandra Kurla Complex for Rs13.2bn. The price was significantly lower than Rs27.9bn for a similar transaction three months back.
Government plans to scrap purchase preference policy from 1st April 2008 under which the CPSEs get 10% price preference for government contracts in various areas.
I&B Ministry favours 74% FDI limit for DTH.
Home loan rates have declined in last one year says FM.
Gems & jewelry exports grew 9.3% yoy during April-Feb 2008.