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Anil Ambani plans to take over MGM Hollywood studio: Report
PTI, 16 January 2010, 06:18pm IST

LONDON: One of India's leading entrepreneurs Anil Ambani plans a takeover of the Metro-Goldwyn- Meyer Hollywood studio in an attempt to become one

of the world's most powerful film bosses, the 'Daily Telegraph' reported today.

When contacted, an Anil Ambani Group spokesperson declined to comment.

Anil Ambani already owns a controlling stake in Steven Spielberg's DreamWorks studio and has struck a series of deals with stars including Hollywood stars Brad Pitt, Jim Carrey, Julia Roberts and George Clooney to develop their films.

Anil Ambani-led Reliance Big Pictures produced two most successful films last year while its current blockbuster 'The Three Idiots' has broken Indian box office records.

According to the report, he hopes to expand his influence with an ambitious bid for MGM, the Hollywood studio which owns the James Bond franchise.

Sources close to Ambani confirmed his interest in acquiring MGM and it would help him to achieve his ambition to become the world's most powerful film mogul, the report said.

Ambani is a respected tycoon whose empire spans power generation, distribution, insurance, financial services and communication. His company is India's second largest mobile phone operator, it said.
 
Strong Futures
This is list of 10 Strong Futures: Purva, Dish TV, GTL Infra, MLL, SCI, Bhushan Steel, Tech Mahindra, Acc Ltd, Ambuja Cement & Century Text..
Weak Futures
This is the list of 10 Weak Futures: Maruti, Jindal Steel, HDFC, State Bank Of India, Reliance, Hind Uni Lvr, LITL, Canara Bank, Hero Honda & McDowell-N..
 
NIFTY FUTURES (F & O):
Below 5245 level, selling may continue up to 5242-5244 zone and thereafter slide may continue up to 5233-5235 zone by non-stop.

Hurdle at 5264 level. Above this level, expect short covering up to 5278-5280 zone and thereafter expect a jump up to 5289-5291 zone by non-stop.

Cross above 5292-5294 zone, can take it up to 5302-5304 zone by non-stop. Supply expected at around this zone and have caution.

On Negative Side, rebound expected at around 5230-5232 zone. Stop Loss at 5220-5222 zone.

Short-Term Investors:
Bullish Trend. Stop Loss at 5155.00.

Up Side Target at 5339.00.
 
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 15-Jan-2010 2010.27 2940.36 -930.09
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 15-Jan-2010 1945.99 1265.04 680.95
 
Indian Stock Market continued to display range-bound movement for yet another week. The Sensex touched a high of 17,777, but steadily moved lower to 17,276. The index finally closed the week with a nominal gain of 14 points at 17,554.

IT stocks, thanks to better-than-expected Infosys numbers, outperformed this week. TCS zoomed 13 per cent to Rs 792. Wipro surged nearly 10 per cent, and Infosys rallied nearly 9 per cent. ACC, Grasim and Reliance Communications were the other prominent gainers. SBI, on the other hand, was the major loser, down over 6 per cent at Rs 2,144. Hindalco, ICICI Bank, Sterlite, Hindustan Unilever, Reliance Infrastructure, Sun Pharma and HDFC were the other major losers.

The Sensex has not given any clear indication as of now. The index is currently moving in a 600-point band of 17,255-17,830. A breakout at the lower end of the range could see the index slip to 17,100-16,990-16,875. Whereas the upward breakout could see the index move to 17,940-18,055.

Next week again things may remain volatile even as the earnings announcements accelerate and investors weigh their options. The Nifty might conquer the 5300 milestone but will face resistance in its journey to 5400 and beyond.
 
Strong & Weak futures

This is list of 10 strong futures:

Purva, GTL Infra, Finance Tech, MTNL, UCO Bank, SCI, BEML, DCB, Dish TV & Pantaloon Retail.

And this is list of 10 Weak futures:

Jindal Steel, LITL, Reliance, Maruti, Balrampur Chini, Hind Uni Lvr, State Bank Of India, Glaxo, HDFC & McDowell-N.

Nifty is in Up trend
 
NIFTY FUTURES (F & O):
Below 5251 & 5261 levels, expect profit booking up to 5227-5229 zone and thereafter slide may continue up to 5205-5207 zone by non-stop.

Hurdle at 5278-5280 zone. Above this zone, rally may continue 5285 level and thereafter expect a jump up to 5300-5302 zone by non-stop.

Cross above 5307-5309 zone, can take it up to 5329-5331 zone by non-stop. Supply expected at around this zone and have caution.

On Negative Side, rebound expected at 5198-5200 zone. Stop Loss at 5176-5178 zone.

Short-Term Investors:
Bullish Trend. Stop Loss at 5155.00.

Up Side Target at 5339.00.
 
FUNDS DATA

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 18-Jan-2010 2577.75 2424.85 152.9

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 18-Jan-2010 993 1014.46 -21.46
 
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