TNM

Sensex, Nifty trade sharply higher; ICICI Bank up 5.40% @ 10:54 hrs

Sensex, Nifty trade sharply higher; ICICI Bank up 5.40% @ 10:54 hrsAfter a positive opening, the Sensex continued its positive run on account of heavy buying action seen across several large, medium and small cap stocks.

IT, metal, oil & gas and banking stocks led the rally.

Reflecting heavy buying at several side counters, the BSE Midcap and Smallcap indices have gained 1.73% and 1.29% respectively.

The 30-share index, BSE Sensex, today (Jan 14), opened at 9,207.52 after making a gain of 136.16 points.

Ghajini’s Record-Breaking Success Pressurized Aamir!

Ghajini’s Record-Breaking Success Pressurized Aamir!Buoyed by hefty box-office collections of 2008 blockbuster ‘Ghajini’, ace Bollywood actor-producer Aamir Khan said it shows the success of a movie.

Mr. Perfectionist said, “For me, the feeling that my hard work has been appreciated is priceless as I go by my instinct while choosing a script. When I hear a script, I react as an audience.”

He also said that it is not easy to define the potential of any film.

Ghajini has become Bollywood’s biggest money earners ever, raking in a surprising Rs 200 crore in just 14 days.

Sell ICICI Bank

Sell ICICI BankStock market analysts have suggested investors to ‘sell’ ICICI Bank stock with a target of Rs 415.

According to them, interested investors can sell the stock between Rs 425-430 with a strict stop loss of Rs 438.
 
Today (Jan 14), the stock opened at Rs 440, against its last closure at Rs 426.25 on the Bombay Stock Exchange (BSE) on Tuesday (Jan 13). Current EPS & P/E ratio stood at 37.03 and 12.10 respectively. The share price has seen a 52-week high of Rs 1465 and a low of Rs 282.15 on BSE.

The near-term outlook is bearish for ICICI Bank so analysts have recommended ‘sell’ on this stock.

Stock Mkt Is Trading Below All Crucial Levels, Says Vishwas Agarwal

Stock Mkt Is Trading Below All Crucial Levels, Says Vishwas AgarwalIndian equities on Tuesday (Jan 13) ended the day on a negative note.

The BSE barometer opened weak following global cues, but better-than-expected results from technology giant Infosys turned out a good enough trigger for the stock market to make recovery after an early setback.

IT stocks outperformed, while banking, metal and oil & gas stocks went down.

Among the sectoral indices, BSE IT climbed 4.71%, whereas BSE Oil & gas, Bankex and Metal declined more than 1% each.  

Five AMU Centres To Come Up In The Country

Five AMU Centres To Come Up In The CountryThe Aligarh Muslim University (AMU) is all set to set up five special academic centres across the country to offer traditional and job oriented courses.

In this regard, AMU has already got the final nod from the varsity’s Academic Council on Monday.

The new centres will be established in Murshidabad (West Bengal); Katihar (Bihar); Bhopal (Madhya Pradesh); Pune (Maharashtra) and Mallappuram (Kerala).

The university (AMU) is making discussions with the related states in order to open up special centres of the varsity.

3G spectrum auction process may further delay

3G spectrum auction process may further delayThe Department of Telecommunications (DoT) has approached Union Law ministry to get legal aid on the issue of increasing base price for 3G and broadband wireless access (BWA) spectrum allocation.

Interestingly, the telecom department is not is the favor of increasing base price of 3G spectrum as it can discourage companies to participate in the auction process. Low participation by companies may decrease competitiveness that can lead to significant losses to state exchequer.

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