Cadila Healthcare down after news of Spanish Takeover

CadilaCadila Healthcare lost 3.65% to Rs 337 tracking powerless international market, regardless of reports it is near to getting hold of a mid-sized Spanish pharmaceutical company for $30 million.

In the meantime, the BSE Sensex was down 349.87 points to 14,751.23, chasing after fresh setback in worldwide markets. Asian stocks collapsed across the board as credit jitters erupted after France’s largest listed bank BNP Paribas on 9 August, blocked three funds, which invested in US subprime mortgages.

There were 5276 shares of the scrip for trading on the BSE counter, and the average daily volume of the stock stood at 24,996 shares in the last one quarter.

Canara Bank Alters Interest Rates

Canara BankBangalore: Today, Canara Bank annunciated the modified rates of interest on domestic

Pricey Food Items Push Inflation To 4.45%

Food ProductsNew Delhi: For the week ended July 28, inflation based on the wholesale price ind

Centurion Bank reduces Depository Interest Rates

Centurion Bank of PunjabMumbai: Indian private sector lender Centurion Bank of Pu

Baliga Suggests Long-Term Level For Infosys

Infosys TechnologiesAmbareesh Baliga of Karvy Stock Broking believes that Infosys Technologies can definitely touch Rs 2200-2400 in the coming 6-9 months.

He suggested investors to hold the stock for long term, and when it reaches or crosses this expected level, they can make their profits from this evergreen stock.

Infosys Has Strong Support At Rs 1850, Says Rahul Mohindar

Infosys TechnologiesRahul Mohindar of Viratechindia has suggested a support level for Infosys Technologies at Rs 1850.

Mohindar stated, “If one looks at the last five months data of Satyam, it more looks like a move from Rs 450 to more than Rs 500 levels. It has really been working itself within these levels, so we have not been very bullish. I think the investorsstocks like Satyam and I still think that there is still some pain in that stock. So there is possibly a visible downside of another 10% but I do not see too much more than that."

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