Pre-Market report on 19.06.2008
0 views
Skip to first unread message
N.Sukumar
Jun 19, 2008, 12:13:08 AM6/19/08
to Kences1
Weak opening on cards
===================================================
US Markets slumped on weak numbers from FedEx Corp. and Morgan
Stanely, highlighting the impact of rising fuel prices and the credit
crisis. Dow Jones ended the day at a 3 - Month low of 12,029.06 , down
131.24 points and Nasdaq was down by 28.02 points at 2,429.71. Crude-
oil futures turned course on earlier lows, rising $2.68 to $136.69 a
barrel on the New York Mercantile Exchange.
Quoting WSJ Mumbai-based Reliance ADA Group would provide Mr.
Spielberg and company with $500 million to $600 million in equity,
moving them one step closer to ending one of Hollywood's most
contentious and closely watched battles.The deal amounts to a marriage
of some of the biggest names in the Hollywood and Indian business
worlds, with Reliance getting a large stake in the new company.
Pfizer Settles Lipitor Suit with Ranbaxy
Pfizer Inc. settled patent-infringement litigation with Ranbaxy
Laboratories Ltd. that is intended to keep a generic version of the
blockbuster cholesterol drug Lipitor off the U.S. market until
November 2011, or 20 months later than some had expected. The upmove
in Ranbaxy is likely to continue trying to discount the Lipitor sales
but the open offer at sub 700 levels might curb the up move for the
time being.
The stock prices of large media companies shot up on Wednesday with
the government expected to increase foreign investment levels in key
areas such as IPTV, mobile TV and DTH reports a pink paper.
Midcap stocks are likely to show strength compared to the large cap
counterparts. Markets are likely to open down and will trade in a band
with bouts of volatility. Fertilizers, Media sectors along with Crude
oil sectors are likely to be in the limelight. Chambal Fertilizers,
Cairn India, KS Oils, Balaji Telefilms are the stocks to watch
today.
Suitable stocks for "Intraday" today
<RELCAPITAL,RANBAXY,INFOSYSTCH,BHARTIARTL,BHEL,HDIL,SBIN,BOMDYEING,JINDALSTEL,ABAN>
Market CLose Box
BSE Sensex 15422.31 -274.591
NSE Nifty 4582.40 -70.60
USD Rs.42.90
Oil Nymex $136.6
N.Sukumar
Research Analyst
===================================================
US Markets slumped on weak numbers from FedEx Corp. and Morgan
Stanely, highlighting the impact of rising fuel prices and the credit
crisis. Dow Jones ended the day at a 3 - Month low of 12,029.06 , down
131.24 points and Nasdaq was down by 28.02 points at 2,429.71. Crude-
oil futures turned course on earlier lows, rising $2.68 to $136.69 a
barrel on the New York Mercantile Exchange.
Quoting WSJ Mumbai-based Reliance ADA Group would provide Mr.
Spielberg and company with $500 million to $600 million in equity,
moving them one step closer to ending one of Hollywood's most
contentious and closely watched battles.The deal amounts to a marriage
of some of the biggest names in the Hollywood and Indian business
worlds, with Reliance getting a large stake in the new company.
Pfizer Settles Lipitor Suit with Ranbaxy
Pfizer Inc. settled patent-infringement litigation with Ranbaxy
Laboratories Ltd. that is intended to keep a generic version of the
blockbuster cholesterol drug Lipitor off the U.S. market until
November 2011, or 20 months later than some had expected. The upmove
in Ranbaxy is likely to continue trying to discount the Lipitor sales
but the open offer at sub 700 levels might curb the up move for the
time being.
The stock prices of large media companies shot up on Wednesday with
the government expected to increase foreign investment levels in key
areas such as IPTV, mobile TV and DTH reports a pink paper.
Midcap stocks are likely to show strength compared to the large cap
counterparts. Markets are likely to open down and will trade in a band
with bouts of volatility. Fertilizers, Media sectors along with Crude
oil sectors are likely to be in the limelight. Chambal Fertilizers,
Cairn India, KS Oils, Balaji Telefilms are the stocks to watch
today.
Suitable stocks for "Intraday" today
<RELCAPITAL,RANBAXY,INFOSYSTCH,BHARTIARTL,BHEL,HDIL,SBIN,BOMDYEING,JINDALSTEL,ABAN>
Market CLose Box
BSE Sensex 15422.31 -274.591
NSE Nifty 4582.40 -70.60
USD Rs.42.90
Oil Nymex $136.6
N.Sukumar
Research Analyst
Reply all
Reply to author
Forward
0 new messages