Nifty has strong support at 5430

Nifty has strong support at 5430Indian market had a volatile session with indices almost closed flat. SENSEX closed at 18103, down 9 points and Nifty at 5444, up 2 points from the previous close. CNX MIDCAP index was down 0.4% and BSE SMALLCAP index was down 0.6%. The market breadth was negative with advances at 437 against declines of 834 on the NSE. TELECOM and FMCG stood firm while REALITY and METALS traded in red. Top gainers included BHARTIARTL, BHEL, ITC, INFOSYS, SBIN, AXISBANK and IDEA. Top losers are listed as JAIPRA, ONGC, DLF, NTPC, JINDALSTEL, RANBAXY, STER, RELCAPITAL, GAIL and UNITECH.

Long Term Buy Call for Genus Power

Genus PowerGenus Power Infrastructure Ltd., based in Jaipur was incorporated in the year 1992 as Genus Overseas Electronics Ltd. In the year 1994, the company started manufacturing Thick Film Hybrid Microcircuits & SMT PCT Assemblies. In the year 1998, the company became the largest manufacturer of Energy Meters. In the year 1999, multi-functional and multi-tariff meters were launched. Over the year the company significantly changed form only a meter manufacturer to an entrenched power infrastructure player.

BHEL's Q1 Net Profit Surges 41.84%

BHEL's Q1 Net Profit Surges 41.84%State-run Bharat Heavy Electricals Limited (BHEL) has recorded an increase of 41.84% in its net profit, which stood at Rs 667.66 crore on account of increased net sales during the three month period.

The company had a net profit of Rs 470.69 crore during the same period of 2009-10.

BHEL's income from operation was Rs 6,761.23 crore as against Rs 5,799.59 crore during the same period last year.

The company's net sales increased by 15.79% to Rs 6,479.69 crore as against Rs 5,595.65 crore during the corresponding period of the previous year.

Arrest Warrants Against Priety Zinta, Ness Wadia

Arrest Warrants Against Priety Zinta, Ness WadiaIndian Premier League (IPL) team Kings XI Punjab finished up on the wrong side of the law today when a court issued bailable arrest warrants to its three owners including actress Priety Zinta, industrialist Ness Wadia and businessman Mohit Burman.

Chief Judicial Magistrate J. S. Sidhu issued the arrest warrants after the three owners failed to appear before the court in a case against them.

The case against the team owners was lodged by the Registrar of Companies (ROC) office during April, accusing them of not forwarding their balance sheet and returns.

Washing Raw Chicken Raises Risk Of Food Poisoning

Washing Raw Chicken Raises Risk Of Food PoisoningA new study has advised that washing raw chicken before cooking it raises the chance of food poisoning.

The research has disclosed that an estimated three-quarters of customers who purchase whole chickens wash them, potentially spreading bacteria on to work surfaces for up to a 3ft radius.

According to data from the Food Standards Agency (FSA), about 65% of raw shop-bought chicken is infected with campylobacter, the most common identified source of food poisoning in the UK, with symptoms such as diarrhoea and stomach cramps.

Aamir On World Tour To Promote His Latest Production ‘Peepli Live’

Aamir On World Tour To Promote His Latest Production ‘Peepli Live’Bollywood perfectionist Aamir Khan is on a world tour to promote his latest production 'Peepli Live', which is due to hit screens by the coming month.

In micro-blogging site Twitter, Aamir wrote, "In London now. Travelling to LA, NY, Dubai and Australia for Peepli interviews and promotions."

The actor is known not only for his stupendous acting and direction skills, but also for his exclusive and pioneering methods of promoting his flicks.

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News in Focus

Kalyan Jewellers Share Price Target at Rs 786: BOB Capital Markets

BOB Capital Markets has upgraded Kalyan Jewellers to BUY from HOLD with a target price of Rs 786, implying about 18% upside from Rs 664.

Tata Steel Share Price Could Reach Rs 230: ICICI Securities

ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.

Pricol Share Price Target at Rs 935: Axis Securities

Axis Securities has kept its BUY call on Pricol Ltd with an unchanged target price of Rs 935, about 28% above the Nov. 5 closing price of Rs 728.

Mahindra & Mahindra Share Price Target at Rs 4,387: BOB Capital Markets

BOB Capital Markets has retained its BUY rating on Mahindra & Mahindra but trimmed its target price to Rs 4,387 from Rs 4,530, still implying about 40% upside from the Rs 3,128 market price.

ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.

Stylam Industries Share Price Target at Rs 3,750: ICICI Direct

ICICI Direct, the retail research arm of ICICI Securities, has maintained its BUY call on Stylam Industries with a revised 12-month target price of Rs 3,750, about 21% above the current market pric