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Hinduja Group firm signs MoU with Dassault Systemes
Hinduja Group firm Defiance Tech today signed a Memorandum of Understanding (MoU) with Dassault Systemes to market the Euronext-listed company"s solutions across Indian automotive, industrial and aerospace and defence sectors.

The year that was...
The year 2009 saw the industry combating the shadows of global slowdown. A year full of challenges, which kick-started with the Vibrant Gujarat summit, was also a blessing in disguise in some cases especially with pharma companies returning homewards to Gujarat or brain drain from the reputed insitutes like IITs and IIMs being contained for the time being. While acquisitions and mergers gained some momentum in the later half of 2009, some of the special economic zone projects were hit. Companies responded with more innovative solutions while waking up to newer challenges. Problems in land acquisitions continue to remain although the process has been far more peaceful in Gujarat as compared to other states. This can be guaged from the fact that the first Nano by Tata Motors at Sanand got ready this year

News of the day

Cabinet likely to discuss Maharatna status tomorrow
The Cabinet is likely to consider tomorrow granting the coveted "Maharatna" status to select profit-making Central Public Sector Enterprises (CPSEs), including ONGC, SAIL, BSNL, NTPC and CIL, that will offer them greater functional autonomy.
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F&O Outlook: More correction possible in coming days

The Nifty ignored all bullish indicators and closed below 5,000 on profit-booking and weak global cues. The close of 4,953 is marginally above the 61.8 per cent retracement level of 4,940. Hence, if it falls below this, it can retreat to 4,860. Also, the Nifty has gained over 10 per cent since the last week’s low of 4,538 and so more correction is possible in the coming days. - Positive IIP numbers fail to enthuse markets - More correction possible in coming days - F&O OUTLOOK: Nifty likely to trade above 5,100 this week - Nifty likely to trade above 5,100 this week - Sensex surges 409 pts after dull start - Indulge in sector funds, cautiously The Nifty November futures saw profit-booking as it moved with the spot index all through the day and shed 192,050 shares in open interest, mostly through sell-side trades. The bears expected to cover short positions at lower levels as the Nifty recovered from the low of 4,917 to close at 4,953, mostly due to buy-side trades. It is difficult to predict the index movement as buy and sells trades were evenly matched. The trading pattern in Nifty call options suggests the index may not hold 4,900 levels in the coming days and may slip below 4,800. Traders seemed to have booked profit in 4,600-4,700 strike calls as these together shed 0.44 million shares in open interest, mostly through sell-side trades. The 4,900 call added 252,350 shares in open interest, mostly through sell-side trades, indicating a short build-up. The 5,000 call saw change of hands and creation of fresh short positions, as despite a trading volume of 13.22 million shares, it added fresh open interest through sell-side trades, indicating short build-up and change of hands. The 4500-4,700 strike put saw more buy-side trades throughout the day. At close, these puts shed 0.50 million shares in open interest, which indicates unwinding of short positions. The 4,900-5,100 puts witnessed change of hands as these shed 0.36 million shares in open interest despite a trading volume of 32.27 million shares. The 4,800 level is expected to be the immediate support as open interest in 4,800 put and call is the second-highest among all puts and lowest among all call options.


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