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At 11:30 hours IST, the Nifty was trading marginally lower amid volatility but was holding the 4850 level. Telecom, realty, pharma, auto, oil marketing and select metal companies\’ shares were seeing buying interest.
KV Kamath, NonExecutive Chairman, ICICI Bank, says the cash reserve ratio (CRR) hike won\’t have an impact on pricing or availability of credit
Chetan Ahya, MD, Morgan Stanley, expects the Reserve Bank to hike the reverse repo rate in March. \”We actually expected them to hike the reverse repo rate by 25 bps.\” It currently stands at 3.25%.
Geodesic touched an intraday high of Rs 129.10 and an intraday low of Rs 123.55. At 11:25 am, the share was quoting at Rs 124, down Rs 5.1, or 3.95%. It was trading with volumes of 36,380 shares. On Friday the share closed down 0.58% or Rs 0.75 at Rs 129.10.
CNBCTV18 learns that Mahindra Satyam, the rebranded Satyam Computer Services, has a revenue runrate which stands between USD 11.5 billion. “Project wins in the last six months have been the strongest in the manufacturing and infrastructure sector,” sources inform.
