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  • Standard Chartered Bank allotted $197.38mn
  • Barclays Capital allotted $155.18mn, DBS allotted $300mn
  • Reallocation as FIIs failed to invest allotted component
  • Reallocates $1.31bn to FIIs for corporate debt invst
  • CNX Midcap down 1.3%, Smallcap Index down 1.8%
  • BSE Advances at 30.24%, Declines at 66.77%
  • Govt wants to focus on construction sector
  • Govt may not give direct sops to auto sector
  • Steel duty cut may provide relief to auto sector
  • Govt may cut excise duty on steel and cement
  • Govt may rejig duty to help SMEs: Ashwini Kumar
  • Anti -dumping laws to be strengthened
  • HCL Technologies announces partnership with Xerox
  • Govt to increase focus on infra spending
  • Banks want realtors to cut prices or sell properties
  • Pressure on RBI to cut rates has somewhat eased
  • Outstanding bank credit on Nov 7 at Rs.27.12 lk cr: NW
  • Banks encouraged to use special refinance facility: RBI
  • Use special refinance to give loans to SMEs: RBI
  • Banks' total deposit grew 20.4% on year to Nov 7: NW
  • Banks' total credit grew 26.5% on year to Nov 7: NW
  • RBI to allocate upto $10bn from FX reserves to fund: Srcs
  • RBI may set up a special $ fund for infra cos: Sources
  • FIIs net sell $91.5mn in equity on Nov 18
  • Power Grid approves 3 investment proposals
  • Approves Rs.7031cr investment in Sasan project
  • MFs net sell Rs.45cr in equity on Nov 18
  • Nifty falls 135 pts from day's high; Down 1.8% at close
  • Sensex sheds earlier gains; Down 1.8% at close
  • CNX Midcaps down 1.3%, Smallcap Index down 1.8%
Stock Recos
11/19/2008 3:31:53 PM
STEEL AUTHORITY OF INDIA : The investors can hold the stock with a 1-4 year investment horizon. The investors can partly quit at the resistance level of Rs 90-100.: Neera Jain: Chief Technical Analyst: crnindia.com: (11/19/2008 3:31:53 PM).
PURAVANKARA PROJECTS LTD : I advice the investors to exit the stock. Investors can enter better stocks in realty space like DLF.: Paras Bothra: Head of Research: Ashika Stock Broking Ltd: (11/19/2008 3:30:27 PM).
HOUSING DEVELOPMENT & INFRA : The investors can quit the stock at the resistance levels of Rs 155-160.: Neera Jain: Chief Technical Analyst: crnindia.com: (11/19/2008 3:28:43 PM).
PUNJ LLOYD LTD : The investors can quit the stock at the resistance level of Rs 220. Investors should not average out as the stock is in a clear downtrend.: Neera Jain: Chief Technical Analyst: crnindia.com: (11/19/2008 3:25:57 PM).
RELIANCE PETROLEUM LTD : The counter looks positive on longterm charts. If the stock breaks Rs 65 levels then the investors can exit the counter.: Rajkishore Bang: Technical analyst: : (11/18/2008 1:15:33 PM).
TATA MOTORS LTD : The investors can hold the stock with a 2-3 months perspective. The counter is likely to rally within 3-4 mnths as charts show that signs of bottoming out have cleared. : Rajkishore Bang: Technical analyst: : (11/18/2008 1:13:35 PM).
GUJARAT MINERAL DEV CORP LTD : The investors can buy the stock with a long term perspective. Since the company is a raw material supplier, the decline in commodity prices would not really dent the company’s profitability.: VVLN Sastry: Country Head: Firstcall India Equity Advisors: (11/18/2008 1:12:06 PM).
THERMAX LTD : Investors should avoid entering the stock now. To buy the stock, investors should wait for the stock to break Rs 238 levels. : Hemen Kapadia: CEO: chartpundit.com: (11/17/2008 1:19:55 PM).
ICICI BANK LTD : Investors can switch to other stocks. In the banking space, HDFC Bank appears to be a good option.: Parag Parikh: Chairman: Parag Parikh Financial Advisories : (11/14/2008 1:37:51 PM).
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