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Sensex Falls Below 15k Mark

Sensex DownMumbai: Tracking feeble worldwide markets, the benchmark Sensex plunged below 15,000 mark level by receding more than 180 points in early trading on the BSE.

Yesterday, the BSE-30 share Sensex missed 35.85 points. Today, it dunked 180.33 points to drop below 15,000 level to 14,829.55 points in the first five minutes of trading.

In the same way, on the wide-based National Stock Exchange (NSE), Nifty misplaced 51.05 points at 4,355.00 points.

Infosys Q1 Profit Surges 34.5%, Beats Forecast

Infosys Technologies BangaloreBangalore: Today, Infosys Technologie

GAIL, Apollo Tyres Enters Pact To Use Eco-Friendly Technology

Apollo TyresNew Delhi: State-run gas utility GAIL (India) and Apollo Tyres has signed up a contract for making power from steam.

According to the company release, GAIL will supply steam from its Vaghodia Compressor Station (near Vadodara) to Apollo Tyres that would produce power for it.

HDFC Bank Q1 Net Up 34.3% At Rs 321 Cr

HDFC BankMumbai: HDFC Bank Ltd said its net profit for the 2007 first quarter arose 34.3 per cent, hiked up by higher credit expansion that held up ascending interest rates.

Net profit for the April-June period ascended to Rs 321 crore from Rs 239 crore a year earlier.

Total income rose 47.2 per cent to Rs 2,642 crore from Rs 1,795 crore.

HDFC Bank was incorporated in August 1994 and started processes as a Scheduled Commercial Bank in January 1995. As on March 31, 2007, it had a nationwide network of 684 branches and 1605 ATM's in 316 Indian towns and cities.

South Indian Bank Posts Rs 30.3cr Q1 Net Profit

The South Indian BankThe South Indian Bank has posted its 1st Q results of FY08.

Rupee Resilient Against Dollar In Early Trade

US CurrencyThe Indian Rupee showed some resilience resuming higher against the US currency in early trade today.

The local currency resumed higher at 40.39/40 a dollar from overnight close of 40.42/43 per dollar but later fell back to 40.41/42 a dollar in late morning deals in quiet trade at the Interbank Foreign Exchange (forex) market.

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News in Focus

Mitessh Thakkar: BUY Dixon Technologies, Aurobindo Pharma, HDFC Bank and Lupin

Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session.

Sudarshan Sukhani: BUY Jubilant FoodWorks, NMDC, L&T Finance Holdings

Technical analyst Sudarshan Sukhani has suggested three BUY Calls and no SELL Call for today’s trading session.

Deepanshu Bhandari: BUY HCL Technologies, United Breweries, Thermax and Cummins India

Market expert Deepanshu Bhandari has suggested four BUY Calls and no SELL Call for today’s trading session. Indian markets are expected to open flat today and the session can be choppy.

Varun Dubey: BUY M&M, JK Paper, Ashok Leyland; SELL Axis Bank

Market expert Varun Dubey has suggested three BUY Calls and one SELL Call for today’s trading session.

Mitessh Thakkar: BUY Raymond, Havells India, NALCO; SELL Bharti Airtel

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session.

Sudarshan Sukhani: BUY IRCTC, HDFC Bank, Indraprastha Gas

Technical analyst Sudarshan Sukhani has suggested three BUY Calls and no SELL Call for today’s trading session.