Current news & Rumours in the mkt

[praveen taneja]

LIC increases its stake in Bharti Airtel to 5%


The Life Insurance Corporation of India (LIC) has disclosed on Monday that it had acquired 500,000 shares of Bharti Airtel, from the open market transaction, on June 30, 2010. The company’s acquisition of 0.013% shares took the existing stake holding of 4.998% to 5.011% shares. so now less chance of loss after investing in bharati as LIC would avg on every dip as per my thinking

 

[praveen taneja]

The International Monetary Fund upgraded its 2010 global growth forecast, citing robust growth in Asia and renewed U.S. private demand, but flagged risks from Europe's debt problems.

 

[praveen taneja]

Short and sweet -- deliveries in fno coming

 

[praveen taneja]

United Stock Exchange to go live in a month



The competition among the currency futures exchanges is expected to intensify further as the United Stock Exchange (USE), which has recently received the regulators’ approval, is planning to start live trading from July 2010. Mock trading will commence from Tuesday (June 15).

 

[praveen taneja]

3 yrs drilling ban removed .. ENI / RIl . ONGC to benifit ..ENI holds 47% in hoec
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company

 

[praveen taneja]

mkt roumours - GOVERNMENT IS CLEARING DECKS FOR PENSION FUNDS TO BUY STOCKS. keep eye on Relcap IFCI Hindustan Zinc and sterlie

 

[scplindia]

any news why oil stock are running up

 

[PGDIMES]

LIC increases its stake in Bharti Airtel to 5%


The Life Insurance Corporation of India (LIC) has disclosed on Monday that it had acquired 500,000 shares of Bharti Airtel, from the open market transaction, on June 30, 2010. The companys acquisition of 0.013% shares took the existing stake holding of 4.998% to 5.011% shares. so now less chance of loss after investing in bharati as LIC would avg on every dip as per my thinking

If one can track the cost of investment of LIC-I in different Indian stocks, he can surely get the support levels of those stocks in medium term(without following any analysis).:clap:

 

[praveen taneja]

any news why oil stock are running up

already mentioned in previous post bro:thumb:

 

[praveen taneja]

Corporate News Headline
• Suzlon Energy bagged an order from state-run Hindustan Petroleum Corp for supplying turbines for the oil company's 25.5-MW project at Jaisalmer in Rajasthan. (BS)
• Reliance Power announced the financial closure of its 4,000 megawatt Krishnapatnam ultra mega power project. The company has raise debt to the tune of Rs. 131.25 bn from 15 banks to finance this project which has an estimated cost of Rs. 175 bn. (BS)
• Mahindra & Mahindra will decide after a due diligence whether to make a bid for Korean firm Ssangyong Mahindra, Pawan Goenka told reporters. (BS)