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Despite the broadbased rally, realty stocks failed to pick up steam on Friday as investors resorted to heavy selling on sustained concers about availability of funds. Industry leaders Unitech and DLF continued to crumble. Market analysts said selling pressure went up after reports that DLF has postponed residential, commercial and hotel projects due to low demand. [...]
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Indian markets despite of good inflation numbers cracked badley due to global cues. US markets yesterday saw a worst hit Dow down below 7550 points. Europe was down over 3%. Asia has opened weak. Expect a gap down to flat opening in Indian Markets. The support for the Sensex is 8649-8393 and the resistance to [...]
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Inflation fall marginally at 8.90 compared to 8.98 last week. Inflation slipped to single digit after 21 weeks at the beginning of this month. Analysts said a decline in global commodity prices, robust domestic agricultural output and a fall in demand in a slowing economy helped bring the rate to single-digits well ahead of earlier [...]
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Gujarat NRE Coke Limited is a manufacturer of low-ash metallurgical coke in India. The Company operates in two segments: coke and steel. During the fiscal year ended March 31, 2008 (fiscal 2008), coke contributed 73% of the revenue, while steel contributed 27%. The Company has three mines: NRE # 1, NRE Avondale and Elouera Collieries. [...]
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