Market Outlook (7 May 2009)

The Sensex ended at 11,284 on 15 April 2009. We had mentioned in our previous column that there was a good chance for the Sensex to continue with its short-term rally. From 24 October 2008 to the end of March 2009, the Sensex had been moving in a narrow range of 8,700 and 10,048. We had mentioned in the previous issue that the Sensex could either dive again after hitting the upper side...

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  • Hindustan Unilever Jan-Mar quarter net profit hit by one time charges
    Hindustan Unilever Ltd (HUL) reported a marginal increase of 4% in its net profit for the January to March quarter mainly due to a one time charge for retirement benefits and restructuring.

    HUL, India's largest fast moving consumer goods (FMCG) company said excluding the one time charges its net profit rose 20% while sales increased 12%. During the quarter the coompany reported a...

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  • Tata enters low-cost housing segment; launches Shubh-Griha project in Mumbai
    After taking the middle-class by "Nano" storm, the Tatas are set to work their magic in the housing sector. Tata Housing Development Company has come up with a "Shubh-Griha" scheme to provide low-cost houses, priced between Rs 3.9 lakh to Rs 6.7 lakh, for people in Mumbai.

    Earlier in January, Maharashtra Housing Area Development Authority (MHADA), which was set up to provide...

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