Keep a Close eye at IDBI - Rahul Mohindar

It was a IDBI Bankfeeble day for the stock markets followed by instability and indecision due to sub prime mortgage concerns.

Sensex lost 207.83 points at 15100.15, while the Nifty ended 58.90 points down at 4403.20.

Rahul Mohindar of Viratechindia.com is optimistic on IDBI

The Industrial Development Bank of India Limited (IDBI) is one of India's top public sector banks. It was founded in 1964 by an Act of Parliament as a wholly owned subsidiary of the RBI to offer credit and other facilities for the growth of the fledgling Indian business.

Markets Open Strong; Sensex Surges Past 15,500

Today, the stock market opened on a cheerful note this morning as the bulls, captivating worldwide cues, continued a buying spree in early trade. Reflecting the optimistic beginning, the Sensex that opened its eyes with a positive gap of about 145 points, soared up past the 15,500 mark to 15,535.85 in early trades.

Presently, the Sensex is up with an hefty gains of 208.03 points or 1.36 per cent at 15,516.01. The Nifty that erupted to 4526.10, has recorded a gain of 1.35 per cent or 60.35 points at 4522.45.

Another Downside Of Rs 100-150 In SBI Looks Imminent : Rahul Mohindar

Rahul Mohindar of Viratechindia said that there is a possible downside in SBI’s stock value.

He said that the stock will experience other downside of Rs 100-150 with a short-term to medium-term viewpoint.

Mr. Mohindar stated, “In SBI, there is a visible short opportunity clearly because the stock looks much overstretched, it has reacted from more than Rs 1700 levels on its way down. So, I think technically we would have achieved almost all targets on both shorter-term and longer-term counts.”

He doesn’t believe that the SBI stock can do much on the positive aspect.

Imports From Pakistan To Be Eased

Islamabad: A senior representative said that India has decided to eliminate restrictions on import of 20 items from Pakistan without asserting on Most Favoured Nation (MFN) status and transportatio

Lanco Infratech among Top Gainers on back of Solid Results

In afternoon trading,Lanco Infratech Lanco Infratech climbed up 4.6% to Rs 284.10, broadening its

Stay with KEC International: Gaba

KEC International Ltd.According to technical analyst, Prakash Gaba the capitalists

Pages

News in Focus

HDFC Bank Share Price Could Break Range; Long Term Investors Should Keep Track

HDFC Bank has been trading in a range for many months and the stock could soon break out of this range.

Opening the door to future wealth: BCH Miner - the world's leading clean energy cloud mining platform

As the wave of digital currency sweeps the world, mining has become an important way to increase wealth.

22BET Casino Offers Amazing Casino Games for Online Casino Fans

22BET Casino, established in 2018, has rapidly emerged as a significant player in the global online gambling industry.

BEL, Vedanta, FirstCry, NHPC, BHEL and Wockhardt Share Price Could See Elevated Action; Eicher Motors, Grasim to Declare Numbers

Indian markets could see stock specific action on February 10th as key earnings reports and corporate announcements scheduled for today could lead to higher volatility in select stocks.

Prestige Estates Share Price Declines 2%; Targets Rs 30,000 Crore in Housing Projects

Real estate major Prestige Estates Projects shares declined 2 percent on Friday.

State Bank of India (SBI) Share Price Target at Rs 980: Sharekhan Recommends BUY Call

The latest research update from Sharekhan presents a detailed analysis of the State Bank of India (SBI).