US markets surged in late trade. The S&P 500 index rebounded from an 11-year low, Dow back above the 8,000 mark after President elect Barack Obama has picked Timothy Geithner head of the Federal Reserve Bank of New York, for the post of treasury secretary. At closing bell, the Dow Jones ended up 494 points at 8046.42.
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Kamat Hotels (I) Ltd has informed the Exchange that pursuant to Section 192A (2) of the Companies Act, 1956, read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 that the under mentioned resolutions are proposed to be passed by Postal Ballot. 1) Special Resolution under Section 372A of the Companies Act, 1956, 2) Increase in borrowing powers under Section 293(1) (d) of the Companies Act, 1956. The Company has appointed Mr. V.V. Chakradeo, Practising Company Secretary, as the Scrutinizer, for conducting the Postal Ballot process in a fair and transparent manner. The duly completed postal ballot form should reach the Scrutinizer before close of the working hours on December 29, 2008. The Scrutinizer will submit his report to the Executive Chairman and Managing Director after completion of the scrutiny of the postal ballot forms and the results of the postal ballot will be announced by the Executive Chairman and Managing Director or in his absence by any other person so authorized by the Executive Chairman and Managing Director on December 30, 2008. A copy of the Notice of the Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

Tanla Solutions Limited has informed the Exchange that the Registered Office of the Company is shifted to the address mentioned below and all correspondence addressed to the Company be mailed to the address mentioned: Tanla Solutions Limited, Plot No. 564-A-22-III/A, Road No. 92, Jubilee Hills, Hyderabad-500033. Phone: +91-40-40099999. Fax: +91-40-23304999....

Crude trading at USD 48.25/bbl of a low in the earlier Asian markets today have just regained that USD 50/bbl at this point in time. Gold gained 2% yesterday and is up 2% at this point in time. Silver prices are nearly 3% on the higher side....

Motilal Oswal has downgraded its rating on Hindalco Industries to sell. Adjusted 2QFY09 PAT increased 12% YoY to Rs 7.2 billion. ...

The NAREDCOis advising a 1–5% discount on existing projects to customers paying on time, 5–10% price decrease in new projects, and 10–15% reduction in affordable housing, which means houses which cost Rs 3 lakh to Rs 20 lakh....

Kunj Bansal, Senior VP-PMS, Kotak Securities, continues to remain prudent on the markets as developments both globally and domestically remain not so optimistic. "We don’t think we have bottomed out yet." He feels investors should hold back for now.
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Yes, market will hold above oct lows till expirty of november month. Bcoz the rally started at friday will intact till expirty that is for sure, dow jones was up yesterday by 500 pts., our market will have gap up opening on monday. Still v r in oversold position, the efforts from RBI, Govt., Sebi will have positive impact on the market for a while, but 6300 is a level to watch out for next & final bottom....

Market May retest 3000-3200 leavel,already market discount expire,no impact of expire,so hold on and start exit from 2980 leavel to 3200 leavel....

I feel Orchid is basically good manged Company & there is no wonder if it can Jump to Rs 176 from present level . Grab this script before it jumps - regards- Arun Tiwari - finanicial Analyst - Mumbai...

Market will Recover from present levels : good buys : ICICI BANK - Immediate Target - Rs 480/ , Orchid Chemicals - Immediate Target - Rs 135 / - Happy buying these stocks - regards- Suhasini - Sub Broker - kolkatta...

American auto majors closing their shops,japanese motor companies are in slump,europe in recesion,indian car/truck show rooms are empty.... more industries in lay off mood.... many people worldwide do not have money even to eat food.... speculators/funds not buying the oil futures due to heavy losses in recent times.... during the obama peiod there may not be any wars.... so,where is the demand for oil.... market will not be surprised even if crude comes down to 25 dollar per barrel in coming days.......

caution is not practised for political loans,as bankers are cautioned....

Everything looks all right as per ICRA. But one question is hounding us. Overall scenerio is looking alike the Global Trust Bank episode. ...