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NIFTY Current: 5,359 (April futures: 5,383); Target: NA The index continues to look bullish though it faces heavy resistance between 5,375 and 5,425. A big swing could go till either 5,250, or 5,450. Stop-loss shorts at 5,400 and stop-loss long positions at 5,300. A strangle of long 5,200p (40) and long 5,500c (46) is worth holding. It could gain 25 on a big move. STATE BANK OF INDIA Current price:
NIFTY Current: 5,359 (April futures: 5,383); Target: NA The index continues to look bullish though it faces heavy resistance between 5,375 and 5,425. A big swing could go till either 5,250, or 5,450. Stop-loss shorts at 5,400 and stop-loss long positions at 5,300. A strangle of long 5,200p (40) and long 5,500c (46) is worth holding. It could gain 25 on a big move. STATE BANK OF INDIA Current price:
BHEL's eastern wing eyeing to double turnover
State-run Bharat Heavy Electricals Limited (BHEL)'s eastern wing is eyeing to double its turnover in the next five years to Rs.54 billion, a top official of the power plant equipment major has said.
State-run Bharat Heavy Electricals Limited (BHEL)'s eastern wing is eyeing to double its turnover in the next five years to Rs.54 billion, a top official of the power plant equipment major has said.
Sensex down 110 points, looks set for a weak close
The market looks headed for a weak close today with investors switching over to the selling mode after three succesive days of gains. Amid concerns about the economic situation in the eurozone and
The market looks headed for a weak close today with investors switching over to the selling mode after three succesive days of gains. Amid concerns about the economic situation in the eurozone and
Sensex closes at two-week high BHEL gains
The Sensex rose to its highest close in almost two weeks on Tuesday, as Bharat Heavy Electricals (BHEL) advanced after posting positive provisional earnings, while lenders gained on anticipation of
Haridwar factories brew Manesar-like labour situation
Workers at Satyam Auto and Rockman Industries, two leading auto parts suppliers to India’s largest two-wheeler company, Hero MotoCorp, have been on strike for the past two weeks. They have
Bhel disinvestment put on hold
The government has decided to put its plan to divest its stake in power equipment maker Bharat Heavy Electricals (Bhel) on hold. The company has withdrawn the draft red herring prospectus (DHRP) for a
The government has decided to put its plan to divest its stake in power equipment maker Bharat Heavy Electricals (Bhel) on hold. The company has withdrawn the draft red herring prospectus (DHRP) for a
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