sugal & damani share brokers ltd.

wednesday april 8, 2009

market review:

note: amount in rs. crores; amount round off to nearest rupee

* - provisional fig.

economy news:

• oil prices fell usd 1.90 to settle at usd 49.15 a barrel on the new york mercantile exchange (nymex).
• rupee settled 0.6% stronger to stand at 50.04/05 against usd than thursday's close of 50.33/35.

stock in news:

• steel companies hike price across all categories by 3.5%.
• tata steel fy09 total sales up 9% at 5.2 mt; march sales up 45% at 6.96 lakh tonnes (yoy).
• essar oil to buy 50% stake in kenya refinery for $450 million after one and half year delay.
• tata motors in talks with lenders to repay $3 billion bridge loan.
• ibm pulls out of race for satyam on lawsuit fears.
• dlf plans to raise rs 900 crore by selling 8 hotel plots in next 3 months.
• tcs bags $80 million outsourcing contract from uk's child maintenance & enforcement commission.
• ifci puts assets of radhika fibers on the block, reserve price for bid rs 46 crore.
• bhel in tech deal with uk's sheffield for power generation forging.
• sugar output seen dropping to 4 year low; prices surge.
• bank of maharashtra cuts plr by 25 bps to 12.50% & all deposit rates by 25-50 bps effective april 9.
• gammon india bags order worth rs 400 crore from bhutan.

major bulk deals on april 6, 2009:

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