http://economictimes.indiatimes.com/
Benazir Bhutto assassinated in suicide blast
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Forntliners end flat on Dec F&O expiry
GMR mulls listing of energy subsidiary
Global Broadcast plans stock split
Ahluwalia Contracts bags orders worth Rs 341 cr
Mutual Funds as long-term investment
SBI to invite expressions of interest from MNCs for non-life foray
PE investors may acquire 15% in Nahar Retail for Rs 120 cr
Banks wink at RBI diktat on sharing ATM networks
GAIL, Oil India eye cooperation in exploration, natural gas
Ageing rockers outshine newcomers in 2007
Ahluwalia Contracts bags orders worth Rs 341 cr
Reliance Retail eyes $5 to 5.5 bn turnover by 2011
Spice to sell telecom towers to Srei for over Rs 500 crore
Now, India tops list of top microfinance institutions
India fifth biggest market for Saudi exports
Bank of India to raise money via QIP
Equities to remain choppy ahead of F&O expiry; Global cues mixed
Why markets rally in last week of December?
Telecom shares may under-perform due to regulatory issues
Stocks to watch on Thursday
Brokerage Platter: Tata Metaliks, Mercator Lines, KPR Mill
NRI Om Malik among world's top 25 web celebrities
Kalindee Rail Nirman hits 20% upper circuit
Transformers & Rectifiers to list on Friday, eClerx on Monday
Smaller towns keep India on top in IT offshore world
Budget 2008: Government plans to levy service tax on amusement parks
Source: http://economictimes.indiatimes.com/. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
27 December 2007
Moneycontrol, Myiris corporate stories
Moneycontrol.com
Benazir Bhutto assassinated!
-----------------------------------
CY07 drawing to a close; experts eyeing Q3FY08
See broking biz rev from next yr: Chola DBS
Future Cap IPO gets SEBI clearance: Sources
Household savings and mkts
What to include in your '08 wish list?
Bombay Rayon can give 40-50% returns
Pros and cons of SBI merger
Why some investors quit the market?
Indian IPO mkt ranks 7th in global mop-up
Auto, textiles, and sugar to do badly in Q3: ICICI Pru
REL & GMR Infra short-listed for Tuas Pwr bidding: Srcs
Stocks to watch: Nalco, GNFC, Mercator Lines
ONGC to raise USD 20 billion for global buys, stk up
Buy JSW Steel with the price target of Rs 1900
Marketwide rollover 66% versus 60%
Ahluwalia Contracts up on bagging order
Are brokerages over optimistic?
Re may break 33 levels in Q1: UBS
Markets end in green amid choppiness on F&O expiry day
Franklin Templeton Invt sees 15% Q1 Sens...
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Myiris.com
Brokers` Outlook: Market likely to trade in a range
MFs remain net buyers in equities worth Rs 7,425 mn on Dec. 26
FIIs remain net buyers in equities worth Rs 24,205 mn on Dec. 26
Transformers & Rectifiers to list on bourses on Dec. 28
NTPC inks pact to raise Rs 20 bn to fund capex
NMDC board approves bonus issue & stock split
Parsvnath to launch premium commercial project in Punjab
Telecom to ring half billion mark by 2010
SAIL on expansion ride; plans Rs 530 bn capex
Jindal Steel approves stock split
ICICI Direct rates Visa Steel as Outperformer
Suven Life Sciences gets product patent from US
Time Technoplast buys Bahrain-based battery maker
ONGC Videsh to acquire 40% stake in Venezuelan co.
Vivimed Labs likely to acquire German firm
VSNL sells 10% equity in its Sri Lankan arm (Update)
Videocon aims to generate 5000-MW power
Source: Above sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Benazir Bhutto assassinated!
-----------------------------------
CY07 drawing to a close; experts eyeing Q3FY08
See broking biz rev from next yr: Chola DBS
Future Cap IPO gets SEBI clearance: Sources
Household savings and mkts
What to include in your '08 wish list?
Bombay Rayon can give 40-50% returns
Pros and cons of SBI merger
Why some investors quit the market?
Indian IPO mkt ranks 7th in global mop-up
Auto, textiles, and sugar to do badly in Q3: ICICI Pru
REL & GMR Infra short-listed for Tuas Pwr bidding: Srcs
Stocks to watch: Nalco, GNFC, Mercator Lines
ONGC to raise USD 20 billion for global buys, stk up
Buy JSW Steel with the price target of Rs 1900
Marketwide rollover 66% versus 60%
Ahluwalia Contracts up on bagging order
Are brokerages over optimistic?
Re may break 33 levels in Q1: UBS
Markets end in green amid choppiness on F&O expiry day
Franklin Templeton Invt sees 15% Q1 Sens...
-----------------------------------------------------------
Myiris.com
Brokers` Outlook: Market likely to trade in a range
MFs remain net buyers in equities worth Rs 7,425 mn on Dec. 26
FIIs remain net buyers in equities worth Rs 24,205 mn on Dec. 26
Transformers & Rectifiers to list on bourses on Dec. 28
NTPC inks pact to raise Rs 20 bn to fund capex
NMDC board approves bonus issue & stock split
Parsvnath to launch premium commercial project in Punjab
Telecom to ring half billion mark by 2010
SAIL on expansion ride; plans Rs 530 bn capex
Jindal Steel approves stock split
ICICI Direct rates Visa Steel as Outperformer
Suven Life Sciences gets product patent from US
Time Technoplast buys Bahrain-based battery maker
ONGC Videsh to acquire 40% stake in Venezuelan co.
Vivimed Labs likely to acquire German firm
VSNL sells 10% equity in its Sri Lankan arm (Update)
Videocon aims to generate 5000-MW power
Source: Above sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Moneycontrol,
Myiris Corporate Stories
5 states hold 60% of demat a/cs: Rediff India
5 states hold 60% of demat a/cs
The Indian equity market may be one of the best performers in terms of returns. However, the so-called equity cult is yet to spread in the country as the number of equity investors is just 1 per cent of the total population. To make matters worse, less than 40 per cent (37.66 per cent) of the investors are in Maharashtra and Gujarat. The rest of the citizens and most of the states and Union territories are not affected directly by either boom or bust in the stock market.
According to the data available from National Securities Depository (NSDL), the leading depository, nearly 62.8 per cent of the demat accounts are in the five states � Maharashtra, Gujarat, Delhi, Tamil Nadu and Karnataka.
As of September 2007, NSDL had 6.57 million demat accounts. Since then, one lakh new accounts are being opened monthly. Central Depository Services (CDSL), the other depository, has 3.5 million demat accounts as of date.The state-wise demat accounts data indicate the spread of equity cult in the country. Both NSDL and CDSL jointly have approximately 1.10 crore demat accounts, of which around two-thirds are with NSDL and the rest with CDSL.
Of the total demat accounts, the share of the five states is around 62 per cent. Maharashtra leads the number of demat accounts with 22 per cent share, followed by Gujarat with 18 per cent share. These are the only two states having more than a million accounts in NSDL.
The data reveal some more interesting but shocking facts. Demat accounts in Union territories are even less than 1,000. In 16 states and Union territories, demat accounts number less than 1 lakh.
Gujarat is considered to be the state with the highest number of investors. But if measured by the number of demat accounts, which is mandatory to invest in equities, Gujarat follows Maharashtra. In terms of incremental growth, Andhra Pradesh, Tamil Nadu and Karnataka have seen significant growth in demat accounts in the last two years. However, the growth in Gujarat and Maharashtra is negligible.
NSDL Managing Director C B Bhave said, "Because of the booming capital market, the number of demat accounts are also growing at a fast pace. Every month, on an average, 1 lakh demat accounts are being opened with NSDL."
According to Nikhil Daxini, executive director, business development, Angel Broking, "The main reasons for many states not participating in the equity market are lack of awareness, low level of income and education." Angel is one of the largest brokerage houses and has more than 7,000 terminals across the country.He said in Gujarat a majority of demat accounts were in Ahmedabad and Surat and in the Saurashtra region and the Kutch district.
Source: www.rediff.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
The Indian equity market may be one of the best performers in terms of returns. However, the so-called equity cult is yet to spread in the country as the number of equity investors is just 1 per cent of the total population. To make matters worse, less than 40 per cent (37.66 per cent) of the investors are in Maharashtra and Gujarat. The rest of the citizens and most of the states and Union territories are not affected directly by either boom or bust in the stock market.
According to the data available from National Securities Depository (NSDL), the leading depository, nearly 62.8 per cent of the demat accounts are in the five states � Maharashtra, Gujarat, Delhi, Tamil Nadu and Karnataka.
As of September 2007, NSDL had 6.57 million demat accounts. Since then, one lakh new accounts are being opened monthly. Central Depository Services (CDSL), the other depository, has 3.5 million demat accounts as of date.The state-wise demat accounts data indicate the spread of equity cult in the country. Both NSDL and CDSL jointly have approximately 1.10 crore demat accounts, of which around two-thirds are with NSDL and the rest with CDSL.
Of the total demat accounts, the share of the five states is around 62 per cent. Maharashtra leads the number of demat accounts with 22 per cent share, followed by Gujarat with 18 per cent share. These are the only two states having more than a million accounts in NSDL.
The data reveal some more interesting but shocking facts. Demat accounts in Union territories are even less than 1,000. In 16 states and Union territories, demat accounts number less than 1 lakh.
Gujarat is considered to be the state with the highest number of investors. But if measured by the number of demat accounts, which is mandatory to invest in equities, Gujarat follows Maharashtra. In terms of incremental growth, Andhra Pradesh, Tamil Nadu and Karnataka have seen significant growth in demat accounts in the last two years. However, the growth in Gujarat and Maharashtra is negligible.
NSDL Managing Director C B Bhave said, "Because of the booming capital market, the number of demat accounts are also growing at a fast pace. Every month, on an average, 1 lakh demat accounts are being opened with NSDL."
According to Nikhil Daxini, executive director, business development, Angel Broking, "The main reasons for many states not participating in the equity market are lack of awareness, low level of income and education." Angel is one of the largest brokerage houses and has more than 7,000 terminals across the country.He said in Gujarat a majority of demat accounts were in Ahmedabad and Surat and in the Saurashtra region and the Kutch district.
Source: www.rediff.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Newsmakers of the year : Rediff.com
Newsmakers of the year
The Year That Was: 2007
Rediff looks back at the highs and lows, the successes and failures, the heroes and villains, the wild and the overblown that made this year.
More @ http://specials.rediff.com/yearend/2007/dec/03yend1.htm
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Other Rediff stories
Youngest Ashok Chakra winner
How to fill up your IPO application
RCom slaps legal notice on DoT
Investing money most profitably
5 states hold 60% of demat a/cs
Soon, cars may run on whisky
Source: www.rediff.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
The Year That Was: 2007
Rediff looks back at the highs and lows, the successes and failures, the heroes and villains, the wild and the overblown that made this year.
More @ http://specials.rediff.com/yearend/2007/dec/03yend1.htm
--------------------------------------
Other Rediff stories
Youngest Ashok Chakra winner
How to fill up your IPO application
RCom slaps legal notice on DoT
Investing money most profitably
5 states hold 60% of demat a/cs
Soon, cars may run on whisky
Source: www.rediff.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Transformers and Rectifiers Lists on Dec 28: Moneycontrol.com
Transformers and Rectifiers to list on Dec 28
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times. The qualified institutional bidders (QIBs) portion was over-subscribed by approximately around 111 times; the non institutional bidders portion was over-subscribed by approximately 122 times; the retail bidder portion was oversubscribed by approximately around 58 times.
The issue got bids for 27.35 crore shares as against 29.95 lakh shares on offer. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange. The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
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Transformers & Rectifiers likely to list above Rs 700
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
Experts told Moneycontrol.com that the stock is expected to list around Rs 700-750 and advised to hold for long term, if one has capacity.
According to R S Iyer of K R Choksey Securities, "Transformers is expected to list around Rs 600-700. The industry is doing well and will do well in future as well, so one, who has capacity, can hold for long term."
Manish Bhatt of Prabhudas Lilladher said, "Transformers may list with premium of Rs 300-350 over its offer price of Rs 465 per share. One should hold the stock with medium to long term view."
"The company is presently manufacturing transformers upto 220 kV class with an installed capacity of 7,200 MVA, through its two manufacturing facilities located near Ahmedabad. Now the company is setting up a new plant of 220 kV and 400 kV class with a capacity of 16,000 MVA per annum with an estimated expenditure of Rs 67 crore. The company is expected to list at a premium. In case of aggressive listing partial profits can be booked. Investors can also be invested in the company with a long term view", Arpit Agrawal Head of Research, Arihant capital markets said.
"Transformers and Rectifiers is likely to list at Rs 760 as against its issue price of Rs 465. Profit booking is advised at these levels", Investment Advisor, S P Tulsian said.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times.
The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
Source: www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times. The qualified institutional bidders (QIBs) portion was over-subscribed by approximately around 111 times; the non institutional bidders portion was over-subscribed by approximately 122 times; the retail bidder portion was oversubscribed by approximately around 58 times.
The issue got bids for 27.35 crore shares as against 29.95 lakh shares on offer. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange. The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
-----------------------------------------------------------------------------
Transformers & Rectifiers likely to list above Rs 700
After receiving excellent response to its initial public offering, Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, will list on the bourses on December 28.
Experts told Moneycontrol.com that the stock is expected to list around Rs 700-750 and advised to hold for long term, if one has capacity.
According to R S Iyer of K R Choksey Securities, "Transformers is expected to list around Rs 600-700. The industry is doing well and will do well in future as well, so one, who has capacity, can hold for long term."
Manish Bhatt of Prabhudas Lilladher said, "Transformers may list with premium of Rs 300-350 over its offer price of Rs 465 per share. One should hold the stock with medium to long term view."
"The company is presently manufacturing transformers upto 220 kV class with an installed capacity of 7,200 MVA, through its two manufacturing facilities located near Ahmedabad. Now the company is setting up a new plant of 220 kV and 400 kV class with a capacity of 16,000 MVA per annum with an estimated expenditure of Rs 67 crore. The company is expected to list at a premium. In case of aggressive listing partial profits can be booked. Investors can also be invested in the company with a long term view", Arpit Agrawal Head of Research, Arihant capital markets said.
"Transformers and Rectifiers is likely to list at Rs 760 as against its issue price of Rs 465. Profit booking is advised at these levels", Investment Advisor, S P Tulsian said.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times.
The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements. Enam Securities Private Limited is the sole book running lead manager to the issue.
Source: www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Influential tech gizmos : Sify Year-end special
Year-end special: Influential tech gizmos
The year 2007 was good for technology fans. Whether you were largely desktop bound or constantly on the go, this year's technology products went some way towards making your life easier, more fun or more productive. But a few stood out — not necessarily because they broke new ground but because it was clear that their influence would be felt well into the future. Whether you own one of these products or not, it's likely that their presence will have an impact on how you work or play in the year to come.
More @ http://sify.com/finance/fullstory.php?id=14576886
Source: www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
The year 2007 was good for technology fans. Whether you were largely desktop bound or constantly on the go, this year's technology products went some way towards making your life easier, more fun or more productive. But a few stood out — not necessarily because they broke new ground but because it was clear that their influence would be felt well into the future. Whether you own one of these products or not, it's likely that their presence will have an impact on how you work or play in the year to come.
More @ http://sify.com/finance/fullstory.php?id=14576886
Source: www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex, Nifty end with small gains : Sify Finance
Sensex, Nifty end with small gains
Nifty at 6950, Sensex 22880 by July 2008
India's Sensex Has Longest Winning Run
The market, despite mixed global cues, opened on a high note this morning. Barring information technology stocks, other blue chips surged higher in early trade and quite a few of them held on to their gains thanks to selective buying support even as the benchmark indices Sensex and Nifty drifted lower around noon.
As the mood turned highly cautious, large and midcap stocks had a highly choppy afternoon session today. The Sensex did manage a smart rally around mid-afternoon but declined sharply once again following a fairly strong bout of resistance.
All through this, smallcap stocks held firm thanks to sustained buying interest. The Sensex, which opened at 20,301.05 and edged up to 20,323.76 in early trade today, ended the session at 20,216.72 with a gain of 24.20 points or 0.12%, and Nifty closed with a gain of 0.18% or 10.75 points at 6081.50, around 30 points down from its intra-day high of 6110.85. While the Sensex touched a low of 20,159.73 today, the Nifty had eased to 6060.20 in afternoon trade.
Among the sectoral indices, the Consumer Durables index finished with a strong gain of 1.79%. The Bankex, FMCG, Metal and PSU indices ended stronger by 0.7% - 1% while the Power index moved up by 0.34%. BSE Oil & Gas edged up marginally while the Capital Goods index ended with a small loss. The Auto, IT, Healthcare, Realty and Teck indices lost 0.25% - 0.75%.
Though as many as 14 Sensex components ended in the positive territory, only HDFC Bank (2.8%), Wipro (2.55%), ICICI Bank (1.85%), ITC (1.85%), Tata Steel (1.55%) and Reliance Energy (1.1%) closed with sharp gains.
Hindalco, which failed to find support at higher levels, ended 0.7% up at Rs 210.80, more than Rs 5 down from its intra-day high of Rs 216.05. HDFC, ONGC, Hindustan Unilever, NTPC, Tata Consultancy Services, Maruti Suzuki and BHEL finished with marginal gains.
Tata Motors lost a little over 2%. Satyam Computer Services (down 1.7%), Reliance Communications (down 1.65%) and Bharti Airtel (down 1.65%) also declined sharply. Ranbaxy Laboratories, Larsen & Toubro, Grasim Industries, State Bank of India, Mahindra & Mahindra and Infosys Technologies lost 0.5% - 1%. Cipla, Ambuja Cements, DLF and Bajaj Auto also closed on a weak note. Reliance Industries and ACC ended with small losses.
Nalco, which shot up by 9.25%, was the biggest gainer in the Nifty pack. Idea Cellular, Suzlon Energy, SAIL, Sterlite Industries and Cairn India also ended on a firm note.
Reliance Petroleum, Sun Pharmaceuticals, HCL Technologies, Zee Entertainment, Punjab National Bank and ABB ended with sharp losses. Shipping Corporation of India vaulted 13.85% to Rs 294.35. Nirma, Mirc Electronics, CMC, Raymond, Alok Industries, HTMT Global, Tata Elxsi, Castrol India, Adani Enterprises, Rashtriya Chemicals & Fertilizers, Indo Rama Synthetics, Sterling Biotech, GE Shipping, Aventis Pharma, JSW Steel and Hinduja Ventures posted impressive gains.
Midcap stocks ISMT, Tulip IT, ABG Shipyard, Educomp Solutions, Crisil, Emami, Motherson Sumi, 3M India, India Infoline, Gujarat NRE Coke, Infotech Enterprises, Aptech, Vishal Retail, SpiceJet and REI Agro had a bright outing today.
Sagar Cements, KRBL, Kalindee Rail Nirman Engineers, ICSA, Era Constructions, Suven Life, Federal Mogul Goetze, Hindustan Organic Chemicals, Gwalior Chemicals, Inox Leisure, Cosmo Films, Nelcast, BSEL Infrastructure, Rain Commodities, Everonn Systems, Mercator Lines and Karuturi Network were among the big gainers in the Smallcap index, which shot up by 2.32% today.
Thanks to widespread buying in midcap and smallcap space, the market breadth remained pretty strong today. Out of 2953 stocks traded on BSE, 2069 stocks ended with gains. 841 stocks posted losses and 43 stocks ended at their previous closing levels.
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Source: www.sify.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Nifty at 6950, Sensex 22880 by July 2008
India's Sensex Has Longest Winning Run
The market, despite mixed global cues, opened on a high note this morning. Barring information technology stocks, other blue chips surged higher in early trade and quite a few of them held on to their gains thanks to selective buying support even as the benchmark indices Sensex and Nifty drifted lower around noon.
As the mood turned highly cautious, large and midcap stocks had a highly choppy afternoon session today. The Sensex did manage a smart rally around mid-afternoon but declined sharply once again following a fairly strong bout of resistance.
All through this, smallcap stocks held firm thanks to sustained buying interest. The Sensex, which opened at 20,301.05 and edged up to 20,323.76 in early trade today, ended the session at 20,216.72 with a gain of 24.20 points or 0.12%, and Nifty closed with a gain of 0.18% or 10.75 points at 6081.50, around 30 points down from its intra-day high of 6110.85. While the Sensex touched a low of 20,159.73 today, the Nifty had eased to 6060.20 in afternoon trade.
Among the sectoral indices, the Consumer Durables index finished with a strong gain of 1.79%. The Bankex, FMCG, Metal and PSU indices ended stronger by 0.7% - 1% while the Power index moved up by 0.34%. BSE Oil & Gas edged up marginally while the Capital Goods index ended with a small loss. The Auto, IT, Healthcare, Realty and Teck indices lost 0.25% - 0.75%.
Though as many as 14 Sensex components ended in the positive territory, only HDFC Bank (2.8%), Wipro (2.55%), ICICI Bank (1.85%), ITC (1.85%), Tata Steel (1.55%) and Reliance Energy (1.1%) closed with sharp gains.
Hindalco, which failed to find support at higher levels, ended 0.7% up at Rs 210.80, more than Rs 5 down from its intra-day high of Rs 216.05. HDFC, ONGC, Hindustan Unilever, NTPC, Tata Consultancy Services, Maruti Suzuki and BHEL finished with marginal gains.
Tata Motors lost a little over 2%. Satyam Computer Services (down 1.7%), Reliance Communications (down 1.65%) and Bharti Airtel (down 1.65%) also declined sharply. Ranbaxy Laboratories, Larsen & Toubro, Grasim Industries, State Bank of India, Mahindra & Mahindra and Infosys Technologies lost 0.5% - 1%. Cipla, Ambuja Cements, DLF and Bajaj Auto also closed on a weak note. Reliance Industries and ACC ended with small losses.
Nalco, which shot up by 9.25%, was the biggest gainer in the Nifty pack. Idea Cellular, Suzlon Energy, SAIL, Sterlite Industries and Cairn India also ended on a firm note.
Reliance Petroleum, Sun Pharmaceuticals, HCL Technologies, Zee Entertainment, Punjab National Bank and ABB ended with sharp losses. Shipping Corporation of India vaulted 13.85% to Rs 294.35. Nirma, Mirc Electronics, CMC, Raymond, Alok Industries, HTMT Global, Tata Elxsi, Castrol India, Adani Enterprises, Rashtriya Chemicals & Fertilizers, Indo Rama Synthetics, Sterling Biotech, GE Shipping, Aventis Pharma, JSW Steel and Hinduja Ventures posted impressive gains.
Midcap stocks ISMT, Tulip IT, ABG Shipyard, Educomp Solutions, Crisil, Emami, Motherson Sumi, 3M India, India Infoline, Gujarat NRE Coke, Infotech Enterprises, Aptech, Vishal Retail, SpiceJet and REI Agro had a bright outing today.
Sagar Cements, KRBL, Kalindee Rail Nirman Engineers, ICSA, Era Constructions, Suven Life, Federal Mogul Goetze, Hindustan Organic Chemicals, Gwalior Chemicals, Inox Leisure, Cosmo Films, Nelcast, BSEL Infrastructure, Rain Commodities, Everonn Systems, Mercator Lines and Karuturi Network were among the big gainers in the Smallcap index, which shot up by 2.32% today.
Thanks to widespread buying in midcap and smallcap space, the market breadth remained pretty strong today. Out of 2953 stocks traded on BSE, 2069 stocks ended with gains. 841 stocks posted losses and 43 stocks ended at their previous closing levels.
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