IFCI net profit declines 47.91% in the September 2008 quarter
Sales decline 35.24% to Rs 383.11 crore
Net profit of IFCI declined 47.91% to Rs 259.06 crore in the quarter ended September 2008 as against Rs 497.29 crore during the previous quarter ended September 2007. Sales declined 35.24% to Rs 383.11 crore in the quarter ended September 2008 as against Rs 591.60 crore during the previous quarter ended September 2007.
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South Indian Bank net profit rises 44.80% in the September 2008 quarter
Net profit of South Indian Bank rose 44.80% to Rs 51.68 crore in the quarter ended September 2008 as against Rs 35.69 crore during the previous quarter ended September 2007. Total operating income rose 31.22% to Rs 400.84 crore in the quarter ended September 2008 as against Rs 305.47 crore during the previous quarter ended September 2007.
Modern India net profit rises 63.92% in the September 2008 quarter
Jubilant Organosys reports net loss of Rs 24.39 crore in the September 2008 quarter
New Delhi Television reports net loss of Rs 13.04 crore in the September 2008 quarter
Sonata Software Q2 Cons net profit at Rs 21.6 cr
Indo Tech Q2 net profit at Rs 14.2 cr view table
Indo Tech Transformers has declared its second quarter results. Its net profit was at Rs 14.2 crore versus Rs 10.24 crore.
Mastek cons Q1 net profit at Rs 41.2 cr
Other Corp News:
RBI to inject Rs 20,000 cr to help MFs
Mark Mobius sees markets close to bottom
‘India will get 35% power from n-plants’
Banks allowed to take positions in interest futures
Larsen and Toubro to foray into Brazil by 2009
Jet, Kingfisher in talks for strategic tie-up
RBI to pump in Rs 20,000 cr to help MFs meet redemption needs
RBI sets rules on derivative contracts
Govt, RBI set to ease liquidity
Source:ET,Sify,BS, CM, IE etc
14 October 2008
Sensex slides from intra-day high, but still ends 174 pts up
Sensex slides from intra-day high, but still ends 174 pts up
Nifty ends with modest gains as rally fizzles out
Equities ended off highs on Tuesday as profit booking set in at higher levels half way through the session. While buying was seen in IT and healthcare stocks, meltdown in commodities market weighed on metal stocks.
The Sensex and Nifty opened higher by 500 points and 150 points respectively, as other Asian markets welcomed the move by global economies to infuse liquidity in banks. Reserve Bank of India’s decision to infuse funds to the tune of Rs 20,000 crore through short-term lending route to help mutual funds meet their liquidity needs and overcome redemption pressure, further lifted sentiments. But the euphoria was short-lived as traders took it as opportunity to offload positions pulling indices to lower levels.
The BSE Sensex ended at 11,483.40, up 174.31 points or 1.54 per cent from its previous close. The index fell 400 points from the high of 11,870. NSE’s Nifty fell 130 points from its high of 3648.25 to close at 3,518.65, up 0.80 per cent or 27.95 points. The index touched a low of 3,491.50.
“Market opened with a gap-up but as selling emerged at higher levels the gap closed and the market ended on weak note. We are in a corrective rally and the bottom is not made yet. If 3,100 doesn’t hold, Nifty may fall to 2800-2850,” said, Bharat Dalal, fund manager, Dawnay Day AV Financial Services. BSE Midcap Index ended up 1.60 per cent and BSE Smallcap Index closed 2.25 per cent higher. BSE IT Index was up 5.36 per cent, BSE Healthcare Index moved 4.66 per cent higher and BSE Realty Index gained 1.84 per cent. BSE Metal Index ended 1.94 per cent lower.
Biggest Sensex gainers were Satyam Computer (7.38%), Infosys Technologies (5.87%), Jaiprakash Associates (5.2%), ICICI Bank (5.18%) and Reliance Infrastructure (5.09%). However, losses in Reliance Communications (-4.83%), Hindalco Industries (-4.11%), ONGC (-3.81%), HDFC Bank (-3.47%) and NTPC (2.7%) capped the upside. Market breadth on BSE showed 1,656 declines against 972 advances.
European markets continued with their up-run after several European governments came forward to inject funds in the banking system. FTSE 100 was up 5.69 per cent, CAC 40 advanced 5.09 per cent and DAX was up 5.33 per cent. US stock index futures are also pointing towards a gap-up opening on reports of plans to inject $250 billion into embattled banks. Dow Jones futures were up 0.4 per cent and Nasdaq 100 futures were up 1.2 percent.
Source:ET,Sify
Nifty ends with modest gains as rally fizzles out
Equities ended off highs on Tuesday as profit booking set in at higher levels half way through the session. While buying was seen in IT and healthcare stocks, meltdown in commodities market weighed on metal stocks.
The Sensex and Nifty opened higher by 500 points and 150 points respectively, as other Asian markets welcomed the move by global economies to infuse liquidity in banks. Reserve Bank of India’s decision to infuse funds to the tune of Rs 20,000 crore through short-term lending route to help mutual funds meet their liquidity needs and overcome redemption pressure, further lifted sentiments. But the euphoria was short-lived as traders took it as opportunity to offload positions pulling indices to lower levels.
The BSE Sensex ended at 11,483.40, up 174.31 points or 1.54 per cent from its previous close. The index fell 400 points from the high of 11,870. NSE’s Nifty fell 130 points from its high of 3648.25 to close at 3,518.65, up 0.80 per cent or 27.95 points. The index touched a low of 3,491.50.
“Market opened with a gap-up but as selling emerged at higher levels the gap closed and the market ended on weak note. We are in a corrective rally and the bottom is not made yet. If 3,100 doesn’t hold, Nifty may fall to 2800-2850,” said, Bharat Dalal, fund manager, Dawnay Day AV Financial Services. BSE Midcap Index ended up 1.60 per cent and BSE Smallcap Index closed 2.25 per cent higher. BSE IT Index was up 5.36 per cent, BSE Healthcare Index moved 4.66 per cent higher and BSE Realty Index gained 1.84 per cent. BSE Metal Index ended 1.94 per cent lower.
Biggest Sensex gainers were Satyam Computer (7.38%), Infosys Technologies (5.87%), Jaiprakash Associates (5.2%), ICICI Bank (5.18%) and Reliance Infrastructure (5.09%). However, losses in Reliance Communications (-4.83%), Hindalco Industries (-4.11%), ONGC (-3.81%), HDFC Bank (-3.47%) and NTPC (2.7%) capped the upside. Market breadth on BSE showed 1,656 declines against 972 advances.
European markets continued with their up-run after several European governments came forward to inject funds in the banking system. FTSE 100 was up 5.69 per cent, CAC 40 advanced 5.09 per cent and DAX was up 5.33 per cent. US stock index futures are also pointing towards a gap-up opening on reports of plans to inject $250 billion into embattled banks. Dow Jones futures were up 0.4 per cent and Nasdaq 100 futures were up 1.2 percent.
Source:ET,Sify
If you had invested Rs 1 lakh on Jan 10, 2008...What would be the Value As on Oct 10 2008
If you had invested Rs 1 lakh on Jan 10, 2008...
A bout of negative news flows over the last few weeks has led to high volatility in the stock markets across the globe, including India. So much so that the Sensex has already fallen by more than 50 per cent from the all-time peak of 21206 on January 10 this year, and experts believe the markets might shed more weight in the near term owing to the current financial crisis, weak international cues and concerns of slowing down of world economy.
Last Friday also, the Sensex shed 800.17 points, after being down by close to 1,100 points at one stage, and ended at 10,527.85. In the current scenario, have you ever tried to find out the worth of your money if you had invested Rs 1 lakh in any of the following scrips on Jan 10, 2008?
Jaiprakash Associates
Closing on Jan 10: Rs 430.95
Closing on Oct 10: Rs 76.15
Change (%): (-) 82.33
Your Rs 1 lakh would now be worth: Rs 17,670
More Stk Comparison with details: If you had invested Rs 1 lakh on Jan 10, 2008...
Source:ET
A bout of negative news flows over the last few weeks has led to high volatility in the stock markets across the globe, including India. So much so that the Sensex has already fallen by more than 50 per cent from the all-time peak of 21206 on January 10 this year, and experts believe the markets might shed more weight in the near term owing to the current financial crisis, weak international cues and concerns of slowing down of world economy.
Last Friday also, the Sensex shed 800.17 points, after being down by close to 1,100 points at one stage, and ended at 10,527.85. In the current scenario, have you ever tried to find out the worth of your money if you had invested Rs 1 lakh in any of the following scrips on Jan 10, 2008?
Jaiprakash Associates
Closing on Jan 10: Rs 430.95
Closing on Oct 10: Rs 76.15
Change (%): (-) 82.33
Your Rs 1 lakh would now be worth: Rs 17,670
More Stk Comparison with details: If you had invested Rs 1 lakh on Jan 10, 2008...
Source:ET
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