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MDT/PTI 14 January 2013
Consumer affairs minister KV Thomas said that a tax on commodities derivatives trade, on the lines of securities transaction tax or STT, will hamper the growth of the organised commodity market in India New Delhi: Amid demand from some banks to impose a tax on commodity derivatives in...

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Moneylife Digital Team 12 January 2013
The Nifty has to rally above 6,030 for a fresh upmove to start. A decline below 5,930 will trigger further selling The market ended lower in the week as subdued macro-economic data overshadowed the upbeat guidance from IT major Infosys. Inflation data for December, which will be...

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Moneylife Digital Team 11 January 2013
Watch whether the Nifty slips below 5,930. In that case, the index would head towards 5,850 The market which opened with good gains following an optimistic forecast from Infosys, soon trended lower and settled flat dismal IIP data for December. The market is still under pressure. If the...

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MDT/PTI 11 January 2013
 After slashing its revenue forecast earlier this fiscal, Infosys raised its rupee revenue forecast to be at least Rs40,746 crore (from Rs39,582 crore earlier) and dollar revenue to be $7.45 billion (from $7.34 billion) IT services major Infosys today reported a marginal drop of 0.12% in...

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Moneylife Digital Team 10 January 2013
Nifty has to stay above 5,920 for another upmove On par with the most of the Asian indices which were trading in the green the domestic indices too opened in the positive on news that China’s December exports were far larger than expected. The Sensex opened 61 points up at 19,728 while...

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Moneylife Digital Team 10 January 2013
Chettinad Chement shot up 10%, Mahindra & Mahindra went up 1% while Kajaria Ceramics tanked 9%   Gainers: Chettinad Cement is setting up a two million tonnes grinding unit in Solapur which is expected to be operational in the next 8-10 months. Its current total capacity is 11.5...

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Moneylife Digital Team 10 January 2013
Mahindra & Mahindra Financial Service  and Bajaj Auto rocketed up 9% while ITC went down 5%   Gainers: Nomura Financial Advisories and Securities, an international equity research firm, expects volumes of Bajaj Auto to increase and overtake those of Hero MotoCorp. Bajaj Auto rocketed...

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Moneylife Digital Team 10 January 2013
Our value picks remain the same this time too, despite important changes in the Banking industry...   Like the previous fortnight, there has been no noticeable change this time too. The trend is likely to continue through the 2nd week of January 2013, when the third quarter...

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Moneylife Digital Team 10 January 2013
Among capital goods companies, Suzlon Energy suffers mismanagement and BGR could not recognise cyclicality. while Voltas is expected to do good basis its strong fundamentals   The capital goods and engineering industry, like infrastructure, were touted as the hot sectors in the...

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Moneylife Digital Team 09 January 2013
With Infosys due to announce its December quarter results on 11th January, Espirito Santo Securities has revised down its estimates of EPS by 3% and 6% for FY13 and FY14 respectively. The stock is still rated as a buy In a recent research report released by Espirito Santo Securities...

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Moneylife Digital Team 09 January 2013
Yesterday we had said that unless the Nifty closes decisively above 6,055, the trend will be down. Indeed, we may see a sharper decline ahead. We got that decline today. The downtrend may persist for a few more days   Domestic indices which were trading in a narrow range in the morning...

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Moneylife Digital Team 09 January 2013
A small company with big margins Ador Fontech is into welding, surfacing and spraying solutions and implementing value-added reclamation (and recycling of vital machinery components) to increase the life of customers’ machinery and its components. Its customer-base includes steel and...

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MDT/PTI 09 January 2013
LIC sold 1.7 crore shares representing 2.12% stake of the company between 21 August 2012 and 7 January 2013 via open market Mumbai: State-run Life Insurance Corporation of India (LIC) has sold 2.12% stake in drug manufacturer Cipla through open market transactions over a period of nearly...

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Moneylife Digital Team 08 January 2013
Unless the Nifty closes decisively above 6,055, the trend will be down. Indeed, we may see a sharper decline ahead The Indian market settled in the positive on late buying in realty, FMCG and healthcare sectors. The market is trending lower. Unless the Nifty closes decisively above...

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Moneylife Digital Team 07 January 2013
The Nifty may find support around 5,920   The market closed lower due to unsupportive global cues and nervousness ahead of the quarterly earning season. At present we may see the market in a short downtrend with the Nifty finding its support at around 5,920. The National Stock...

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Several assumptions have to come true for the Sensex to keep rising After two years, the Nifty has breached the 6,000 level again. Hopes are running high that better corporate results, a cut in interest rate by the Reserve Bank of India in end-January, and a growth-boosting Budget, would...

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By following SEBI’s guidelines, only 39% of applicants under the retail category got 20 shares each in the CARE IPO while 61% of the applicants, including number of those who applied for the maximum permitted under this category and blocked a sizable amount of Rs1.95 lakh were totally...

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Moneylife Digital Team 05 January 2013
Uptrend to continue as long as the Nifty stays above 5,900   The market settled higher in the week, its best weekly performance since November, on the US budget deal and reports that the Indian government plans to hike diesel prices. Positive economic indicators also supported the...

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Moneylife Digital Team 04 January 2013
The Nifty has to decisively close above 6,016 for the upmove to continue. Will it be able to do it, with the dollar turning sharply higher? A remarkable recovery in the last half hour enabled the market maintain its winning streak for the fourth day. However, the market indices are seen...

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MDT/PTI 04 January 2013
SEBI said bank should use the separate account solely for the purpose of making application in public issues and clear demarcated funds should be available in such account for ASBA applications Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has asked the banks...

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