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Indian ADRs: Tata Motors up 9.7%, ICICI Bank gains 9.6%
Indian ADRs: Tata Motors, ICICI Bank, HDFC Bank, Wipro, Satyam, Infosys, Dr Reddys and Patni gained, while MTNL slipped.
Indian GDRs: Gail gains 12%, Satyam slips 7%
Indian GDRs: Gail gained 11.90% at USD 23.50, LT was up 9.30% at USD 15.16, RIL rose 8.58% at USD 46.34, SBI advanced 8.33% at USD 46.80, Tata Motors rose 5.61% at USD 4.33, Mahindra gained 4.44% at USD 4.70, while Satyam fell 6.96% at USD 11.76 and Infosys plunged 5.45% at USD 22.89.
Indian ADRs: Satyam down 7%, Wipro down 6.4%
Indian ADRs: Satyam, Wipro, Infosys, Patni, MTNL and HDFC Bank plunged, while Tata Motors, Sterlite, Dr Reddys and Tata Comm was up.
Indian ADRs: Tata Comm up 6.8%, Tata Motors slips 6.6%
Indian ADRs: Tata Comm, Sterlite, ICICI bank, Satyam, HDFC Bank, Wipro and MTNL gained, while Tata Motors slipped.
Q3 results to decide future strategy: Satyam
Hyderabad, Dec. 3 Satyam Computer Services will await the third quarter results to decide on what course it should take in terms of human
Satyam to send staff on sabbatical
Satyam Computer Services, the country’s fourth-largest services exporter, is taking a cue from its rival Infosys to trim costs as the global slowdown could impact revenues.
Mkts ranged; SBI, DLF, ICICI, Tata Steel, LT gain
The mkts are trading rangebound. The Nifty is swinging between 2693.65 and 2620.60. SBI, DLF, ICICI Bank, Tata Steel, LT, PNB, SAIL, Maruti, Rel Infrastructure, HDFC, and Tata Motors are trying to support the markets. However, selling continues in Infosys, ONGC, Bharti, Wipro, NTPC, RIL, ITC, RComm, Hero Honda, Ranbaxy, Satyam, BHEL, and TCS.
Mkts volatile; Nifty hovering around 2650
The benchmark indices are trading volatile. Buying is seen in SBI, Reliance Industries, Tata Steel, ICICI Bank, SAIL, LT, HDFC, TCS, Sterlite, Suzlon Energy, DLF, Unitech, and Tata Motors. However, Bharti, ONGC, Infosys, ITC, Wipro, HUL, Idea, Hero Honda, Satyam, Ambuja Cements, Hindalco, Maruti, Tata Power, and MM are pulling the indices down.
Indian ADRs: Tata Motors rises 17%, ICICI Bank up 7%
Indian ADRs: Tata Motors rose 17%. ICICI Bank, HDFC Bank, MTNL, Dr Reddys Labs, Patni, Wipro, Satyam and Infosys gained 37%.
Tech biggies vie for integration deals
With large global banks like Lloyds TSB, HBOS and Bank of America, Merrill Lynch merging, India’s top tech firms including Infosys, Satyam and TCS are bidding against transnational rivals.