I think if we make our way upwards in the month of October toward 8100-8200 which seems quite probable given that we will also be playing for the earnings when they unfold in the second week of October, I don’t believe the market will really go down to break the lows it created in September, says CK Narayan
Posts tagged MC
‘Rate cut a possibility with 50%+ probability; like ONGC’ (24-09-2015)
See 50% chance of a rate cut; like ONGC: BNP Paribas (24-09-2015)
While rebuffing the idea that India can rally even if emerging markets fall, Manishi Raychaudhuri, Asia-Pacific Strategist, BNP Paribas says: “India remains an island, and as a consequence, on a relative basis, I think it would outperform the market complex.”
Uber ups customer privacy, introduces number masking (24-09-2015)
Uber has recently expanded its partnership with SafetiPin, a map-based mobile safety app, to generate safety scores for various locations across 50 cities globally, including Bengaluru, Mumbai, Gurgaon and Noida in India.
CCI clears Heidelberg-Italcementi deal (24-09-2015)
Competition Commission of India has approved German firm Heidelberg Cement’s proposed acquisition of Italcementi SpA. Heidelberg and the Italian company are into the business of cement and building materials. In July, Heidelberg announced plans to buy Italcementi SpA through a transaction worth about 3.7 billion euros.
Steel sector revival in 18-24 months: Govt (24-09-2015)
Indian steel demand is expected to remain robust in the current financial year (2015-16) with the consumption expected to rise 5-6 percent a year, a steel ministry official said.
Govt to plug regulatory gaps to avert VW-like mess (24-09-2015)
The Heavy Industries Ministry is the nodal authority for implementation of the National Automotive Testing and RD Infrastructure Project (NATRIP), under which testing and RD centres have been set up across the country for vehicles.
Aim to launch payment bank early next year: Paytm (24-09-2015)
In an exclusive conversation with CNBC-TV18’s Archana Shukla, Paytm founder Vijay Shekhar Sharma says although they were not ready for a launch earlier, the team is up and running now.
Buy Monte Carlo Fashions; target of Rs 513 : Karvy (24-09-2015)
Karvy is bullish on Monte Carlo Fashions and has recommended buy rating on the stock with a target price of Rs 513 in its research report dated September 23, 2015.
Buy Salzer Electronics; target of Rs 257:Firstcall Research (24-09-2015)
Firstcall Research is bullish on Salzer Electronics and has recommended buy rating on the stock with a target price of Rs 257 in its research report dated September 23, 2015.
SBI gets shareholders nod for raising Rs 5,393 cr from govt (24-09-2015)
The shareholders’ nod for issuance of preferential shares was received in a meeting held today.