Daily Stock Market News - Oct 20, 2009

Posted by admin in News on Oct 20th, 2009 | no responses

October 20, 2009 :: Daily Indian Stock Market News

The Krishna-Godavary basin gas-supply dispute between RIL and RNRL comes to hearing from today onwards.
RIL has been named as one of the top 25 global champions for the year 2009 as it gave good returns to investors amidst global economic slowdown.
The top two soft drink makers Coca Cola and Pepsi are considering a price hike due to rising input costs esp. sugar prices.
On Monday, NIIT technologies posted a fall of 12% in consolidate profit after tax (PAT). For the quarter ending September 2009, it posted profit after tax of Rs. 32.1 cr.
RIL chief Mukesh Ambani now aims to own refining assets in the US and Europe.
UCO bank is likely to come for a follow-on-public offer to raise around Rs 900-950 Cr after a strong rally in its stock price in the recent months.
The government may not hike the petrol and diesel prices dispite a sharp raise in crude oil prices. Thanks to a strong rupee (against US dollar) which offset the impact of raising oil price to a considerable extent.
Apple Inc., the most admired brand of USA, posted record sales of iPhone and Macs much beyond Wallstreet expectations, sending its stock price to an all-time high on Monday.
Reliance Securities (a subsidiary of Reliance Capital) is planning to enter into a strategic tie-up with Japan based investment bank Daiwa Securities to setup investment banking business in India.
Aluminum maker Nalco faces a threat of cancellation of coal block from the government for captive use as the development of the mine gets delayed.
As the global frieght markets are facing diminishing business, the Shipping companies are expected to report lower earnings in the second quarter of the current fiscal year.