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19 November 2007

Sensex loses 65 pts at close : Sify.Com

Index Last Price Change %Change
Nifty 5907.65 0.80 0.01
Sensex 19633.36 -65.00 -0.33

After a buoyant start this morning, the Sensex pared its gains and moved in a tight band till a little past mid-afternoon as participants appeared highly reluctant to hold positions at higher levels. And then, during the final hour of trade, a few blue chips stocks, including some heavyweights, drifted to lower levels and pushed the barometer down to a negative close.
Lack of triggers and weak Asian and European markets rendered price movements extremely sluggish in afternoon trades today.

The Sensex, which looked well poised to breach the 20,000 mark again as it spurted to 19,971.44 after opening with a positive gap of nearly 200 points, ended the session with a loss of 65 points or 0.33% at 19,633.36. The Nifty ended with a slender gain of 0.80 points at 5907.65. In intra-day trades today, it touched a high of 5981.80 and a low of 5893.80.

Among the sectoral indices, the Consumer Durables index moved up by 3.04%. The Auto and Realty indices ended stronger by 2.45% and 2.15% respectively. The Healthcare index surged 1.66% and the Power index climbed up 1.33%. BSE Metal closed nearly a per cent up while the Capital Goods index ended 0.79% up.

ITC, the most prominent loser from the Sensex today, closed lower by 3.1%. ICICI Bank, HDFC Bank and State Bank of India, the banking sector heavyweights, lost 2.65%, 1.85% and 0.85% respectively.

Satyam Computer Services eased by 1.35%. Heavyweight stock Reliance Industries slipped by 0.8%. Bharti Airtel lost a little over half a per cent. Infosys Technologies, HDFC, Wipro, Larsen & Toubro and BHEL closed with marginal losses.

Nirma zoomed 27.5% to Rs 211.50. Apollo Tyres gained nearly 20%. Essel Propack vaulted 16.4%. Vijaya Bank, Dabur India, Escorts, Jaiprakash Associates, Birla Corporation, TVS Motor, Exide Industries, Alok Industries and FDC moved up by 11% - 14% today.

For more details, Visit: Sensex loses 65 pts at close

Investment banks top recruiters at IIMA
Chemplast's zero liquid discharge project
Reliance fund: A healthy mix of returns, risk
L&T’s JV bags $70 m order
Gitanjali Gems buys Rogers

SBI to launch gold ETF in 2008
DLF to invest Rs 4,000 cr for building conventional centre
Essar Oil advances on refinery plan, GDS
Suzlon Energy gets two orders in Australia
Franklin Templeton picks stake in Gremach Infra

More articles from www.sify.com/finance

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Corporate/Personailty of the Day

Bharat Sanchar Nigam Limited

Bharat Sanchar Nigam Limited (known as BSNL, India Communications Corporation Limited) is a public sector communications company in India. It is the largest telecommunication company in India and the sixth largest in the world [citation needed]. Its headquarters are at Bharat Sanchar Bhawan, Harish Chandra Mathur Lane, Janpath, New Delhi. It has the status of Mini-ratana - a status assigned to reputed Public Sector companies in India.

For more: http://en.wikipedia.org/wiki/Bharat_Sanchar_Nigam_Limited

Source: http://en.wikipedia.org/wiki/Bharat_Sanchar_Nigam_Limited
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18 November 2007

MoneyToday Stories/Articles

Invest smart and stay happy
When you are investing in a stock, you are investing in a business. Investors from across the country tell you how to build wealth through stock investing and what to do during volatility.

The invisible hole

Infrastructure stocks on a high
Here we take a look at how different stocks have been performing over different time periods and which ones are worth investing in. Take a look.

Zooming in on success
Rajshree Kukreti
When his first venture failed, Soumo Ganguly saw opportunity in making films for corporates. Today he runs a media company that is likely to touch a turnover of Rs 10 crore.

Profit booking: when & how much
Dipen Sheth
Averaging out your selling reduces the risk that randomly fluctuating markets impose on your profits. Ditto for buying. Unless you are sure, don't buy your entire quota of stocks in one day.

Ringing in growth
Emkay Research is very bullish about the prospects of the Indian mobile telephony sector.

Balanced funds fading out
Balanced funds are out of favour, understandably so with markets doing well and most investors seeking maximum equity exposure in their portfolios.

For detailed, Pls visit: http://moneytoday.digitaltoday.in

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About: Venture Capital, Sequoia Capital

Venture capital

Venture capital is a type of private equity capital typically provided by professional, outside investors to new, growth businesses. Generally made as cash in exchange for shares in the investee company, venture capital investments are usually high risk, but offer the potential for above-average returns. A venture capitalist (VC) is a person who makes such investments. A venture capital fund is a pooled investment vehicle (often a limited partnership) that primarily invests the financial capital of third-party investors in enterprises that are too risky for the standard capital markets or bank loans. Venture capital can also include managerial and technical expertise. Most venture capital comes from a group of wealthy investors, investment banks and other financial institutions that pool such investments or partnerships. This form of raising capital is popular among new companies, or ventures, with limited operating history, who cannot raise funds through a debt issue. The downside for entrepreneurs is that venture capitalists usually get a say in company decisions, in addition to a portion of the equity.

For more: http://en.wikipedia.org/wiki/Venture_Capital

Sequoia Capital

Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The firm's partners include Don Valentine, Pierre Lamond, Michael Moritz, Doug Leone, Mike Goguen, Mark Stevens, Jim Goetz, Sameer Gandhi, Roelof Botha, and Mark Kvamme. Jason Calacanis has had, as of 5 December, 2005, a position as an EIA (Entrepreneur in Action) at Sequoia

For more: http://en.wikipedia.org/wiki/Sequoia_Capital

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Coolavenues Alerts

Marketing/Sales

17 November 2007 - Regional Sales Manager (North India) An Information Technology & Consumer Electronics Reseller
17 November 2007 - Assistant Manager / Senior Executive - Media Research & Planning One of the Largest Electronic Channels in India
15 November 2007 - Manager - Research A Market Leader in Confectionary
6 November 2007 - Opening in Market Research & Analytics One of the Fortune 500 Company - A Leading Pharma MNC

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Finance Jobs

17 November 2007 - Executive - Statutory Audit A Global Leader in Professional Services
17 November 2007 - CFO A Leading Fortune 500 Financial Company
15 November 2007 - Fund Manager A Fortune 100 Global Investment Giant
15 November 2007 - Chief Executive Officer (CEO) A Global Micro Finance Company
13 November 2007 - General Manager / Vice President - Capital Services Wipro BPO
13 November 2007 - Equity Research Analyst One of the Leading Name in Financial Services & Investment Banking Domain
13 November 2007 - Trainee Analyst / Junior Analyst A Leading BPO
13 November 2007 - CRO - Chief Risk Officer A Global Micro Finance Company
13 November 2007 - Manager / Sr. Manager / VP - Mergers & Acquisitions Fortune 100 MNC in Corporate Advisory Services

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Genereal Mgmt

17 November 2007 - Assistant Manager / Senior Executive - Media Research & Planning One of the Largest Electronic Channels in India
15 November 2007 - Chief Executive Officer (CEO) A Global Micro Finance Company
15 November 2007 - Manager - Research A Market Leader in Confectionary
13 November 2007 - General Manager / Vice President - Capital Services Wipro BPO
13 November 2007 - Trainee Analyst / Junior Analyst A Leading BPO
8 November 2007 - Research Analyst - Telecom One of the Most Reputated Management Consulting Company
6 November 2007 - Opening in Legal Division One of the Fortune 500 Company - A Leading Pharma MNC

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Around the Blogs and Job alerts

Religare IPO Listing date - Religare IPO is listing on November 21, 2007

Religare IPO Listing date - Religare IPO is listing on November 21, 2007
Religare IPO Listing on Wednesday, November 21, 2007
Its BSE Script Code: 532915 and NSE Symbol is RELIGARE
It had a Issue Price of Rs 185/- Per Equity Share
and a Face Value: Rs 10/- Per Equity Share

Religare IPO Allotment status and Listing Date

Religare IPO listing date has officially been announced. The Religare Enterprises Listing Date is Wednesday, November 21, 2007. The NSE Symbol for Religare Enterprises Limited is RELIGARE.

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Friday, November 16, 2007

Job Openings in insync analytics

InSync provides an exciting platform to develop strong analytical and financial skills.The positions open are for analyst, associate, manager and client executive.For application submit resume with covering letter(if desired) to:careers@insyncanalytics.com

For more details visit company site at:http://www.insyncanalytics.com

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Gujarat Narmada Valley-Multibagger Stock Pick
Company:Gujarat Narmada Valley Fertilisers Company Ltd.
Industry:Fertilisers - Nitrogenous/Phosphate
Recommendation:Outperformer
Investment Horizon:Long term

Alps Industries Ltd-Low price multibagger stock
Company:Alps Industries Ltd.Industry:Textiles - General
Recommendation:Outperformer

http://freestocktips-2007.blogspot.com/

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BusinessLine, Rediff, Myiris Articles

BusinessLine.In

RBI invites comments on report on currency futures
Index Outlook
Edelweiss IPO subscribed 7 times
Teledata Informatics allots 2 cr shares to investor
Bharti Airtel

Trader's Corner / Query corner
Growing Indian wealth / Aurobindo Pharma: Buy
JM Emerging Leaders: Hold / 'We want to become a giant theatre chain globally'
DSPML Equity: Invest / Kolte-Patil Developers: Invest at cut-off

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Rediff.Com

Investing in realty? Terrific tax benefit
Business books you must read
Which MFs can get you maximum returns
Want to be rich?
A million-dollar company built on a failure
An amazing story of courage and determination
CEO at 30: Sandeep Murthy shares his story

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Myiris.Com

Introduction of FX futures, an additional hedging tool: RBI
SEBI reduces expenses on Index Funds
Air India IPO unlikely before 2009
2-day Summit of OPEC commences in Riyadh
Weekly wrap up: Call rates move up after CRR hike becomes effective

ICICI amongst 7 investors in USD 250 mn Green Fund
Brokers` Outlook: Market to trade above 20k on Monday
Govt. to go ahead with talks with IAEA on Indo-US nuke deal
Advanced 3G spectrum services soon: TRAI
Reliance eyes Rs 30 bn turnover in footwear biz.
BSNL to invest Rs 20 bn for Wi-Max rollout

Tata Steel in JV with Nippon Steel
SBI Magnum Multiplier Plus - consistent performer since last decade [

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Weekly Gainers : Rediff

http://money.rediff.com/money/jsp/weekly_gainer.jsp

Company Group Prev Close (Rs) Current Price (Rs) % Change

+
Essar Oil Ltd.
B2
78.60
192.35
+ 144.72
+
Century Extru.
B2
4.45
8.51
+ 91.24
+
Ashirwad Capital
B2
3.04
5.65
+ 85.86
+
Manali Petrochem
B2
13.93
23.56
+ 69.13
/////////////////////////////
+
Chambal Fertilis
A
47.65
72.40
+ 51.94
+
Mangalore Refine
A
86.70
130.40
+ 50.40
+
Bongaigaon Refin
A
72.10
105.20
+ 45.91
+
Mirc Electronics
A
20.05
29.20
+ 45.64
+
Rashtriya Chem&Fert.
A
57.85
80.90
+ 39.84
+
Hinduja Ventures
A
410.75
556.10
+ 35.39
+
Fertilisers & Ch
A
32.85
43.30
+ 31.81
+
Escorts Ltd.
A
108.30
142.10
+ 31.21
+
Neyveli Lignite
A
167.10
215.60
+ 29.02
+
National Fertili
A
71.45
92.05
+ 28.83
+
HMT Ltd.
A
78.60
99.60
+ 26.72
+
Chennai Petro.
A
347.55
437.90
+ 26.00
+
Ispat Industries
A
36.00
45.25
+ 25.69
+
IndusInd Bank
A
91.60
112.70
+ 23.03
+
Bharat Petroleum
A
355.00
434.65
+ 22.44
+
Shipping Corpn.
A
224.40
273.45
+ 21.86
+
ITC Ltd.
A
168.90
205.15
+ 21.46
+
Dredging Corpora
A
1,051.95
1,275.20
+ 21.22
+
Finolex Industri
A
72.35
87.15
+ 20.46
+
GNFC
A
155.70
187.55
+ 20.46
+
Welspun Gujarat
A
338.55
402.85
+ 18.99

///////////////////////////////
+
KEC Infrastructures
B1
30.80
51.15
+ 66.07
+
Jagjanani Textiles L
B1
7.95
12.96
+ 63.02
+
Pennar Alum.
T
4.24
6.73
+ 58.73
+
Suryachakra Power Co
B1
27.90
43.70
+ 56.63
+
Chemplast Sanma
B1
8.14
12.70
+ 56.02
+
Indus Fila Ltd.
B1
209.90
327.25
+ 55.91
+
Arvind Remedies
B1
1.89
2.93
+ 55.03
+
NRC Limited
T
22.30
34.45
+ 54.48
+
S A L Steel
B1
14.89
22.47
+ 50.91
+
Sah Petroleums Ltd.
B1
14.29
21.19
+ 48.29
+
Saamya Biotech (Indi
B1
14.06
20.45
+ 45.45
+
RPG Cables Ltd
T
44.75
65.05
+ 45.36
+
DCW Ltd.
B1
17.00
24.25
+ 42.65
+
Uttam Galva Steels
B1
41.35
58.75
+ 42.08
+
Meghmani Organics Lt
B1
22.50
31.60
+ 40.44
+
Lloyds Steel
B1
13.25
18.54
+ 39.92
+
Nagarjuna Fert.
B1
58.95
82.10
+ 39.27
+
Vikash Metal & Power
B1
21.95
30.20
+ 37.59
+
Sabero Organics
T
14.78
20.20
+ 36.67
+
Zuari Industrie
B1
229.15
312.45
+ 36.35
+
Essar Shipping
B1
40.25
54.45
+ 35.28
+
Vindhya Telelink
T
183.35
248.00
+ 35.26
+
Maytas Infra Ltd.
B1
705.80
953.55
+ 35.10
+
Hotel Leela Ven.
B1
50.35
67.85
+ 34.76
+
Mangalore Chem.
B1
38.30
51.50
+ 34.46
+
Shah Alloys
B1
45.55
61.00
+ 33.92
+
PBA Infrastructure L
B1
82.45
109.80
+ 33.17
+
Supreme Petroche
B1
24.80
33.00
+ 33.06
+
SREI Infrastructure
B1
144.35
192.00
+ 33.01
+
Graphite India Ltd.
B1
64.40
84.70
+ 31.52
+
Shamken Multifab
T
4.00
5.26
+ 31.50
+
Motilal Oswal Financ
B1
1,275.00
1,668.65
+ 30.87
+
Bhagwati Banquets &
B1
59.15
76.85
+ 29.92
+
Piramyd Retail
B1
51.40
66.70
+ 29.77
+
Hind. Motor
B1
32.30
41.90
+ 29.72
/////////////////////////////////////

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Weekly Wrap Up: Sensex gains 790.76 pts in the week

Weekly Wrap Up: Sensex gains 790.76 pts in the week

BSE Sensex closed with a gain of 790.76 points at 19,698.36, while the broad-based NSE Nifty closed at 5,906.85, up 243.6 points for the week ended Nov. 16, 2007.On Monday, the 30-share BSE Sensex opened with a negative gap of 267 points at 18,640.52. Later the index went down 500 points backed by heavyweights and weak Asian cues. Selling pressure was witnessed across board. It traded weak for most part of the day.

Though the Sensex covered most of its losses during end of the day, it closed on a negative note. BSE Sensex closed with a loss of 170.33 points, or 0.90%, at 18,737.27, while the broad-based NSE Nifty closed at 5,617.10, down 46.15 points.

On Tuesday, the 30-share BSE Sensex opened negative at 18,681.10 in the morning trades. In the initial half an hour trading session, the index moved up and traded flat. Later the index gained ground amidst volatility. Further the Sensex marched ahead on the back of heavy buying interest seen in pivotal stocks and global cues. Finally, it ended the day on a strong note by touching a high of 19,210.48. BSE Sensex closed with a gain of 298.21 points or 1.59%, at 19,035.48, while the broad-based NSE Nifty closed at 5,695.40, up 78.3 points.

On Wednesday, the 30-share BSE Sensex opened with a positive gap of 300 points. The index performed well throughout the day backed by heavy buying interest in frontliner stocks. Further, positive global cues helped the Sensex to achieve its biggest intra day gain. Finally it touched an intra-day high of 19,987.71 to end the day on a sunny note.BSE Sensex closed with a hefty gain of 893.58 points, or 4.69%, at 19,929.06, while the broad-based NSE Nifty closed at 5,937.90, up 242.5 points.

On Thursday, the 30-share BSE Sensex opened negative at 19,947.72 and soon moved up in the positive to trade on a flat note. The index afterwards slipped into negative terrain amidst volatility. Profit booking was seen in frontliners. Finally, it touched an intraday low of 19,723.20. BSE Sensex closed with a loss of 144.17 points, or 0.72%, at 19,784.89, while the broad-based NSE Nifty closed at 5,912.10, down 25.8 points.

On Friday, the 30-share BSE Sensex opened negative at 19,603.09. Later the index moved up in the positive terrain on back of buying interest, and afterwards slipped into the negative. The index touched an intraday low of 19,472.51 amidst volatility. Selling and buying was witnessed in some stocks. Finally it closed on a negative note. BSE Sensex closed with a loss of 86.53 points, or 0.44%, at 19,698.36, while the broad-based NSE Nifty closed at 5,906.85, down 5.25 points.Economy Watch:India`s wholesale price index (WPI) based inflation rose to 3.11% for the week ended November 3, as against 2.97% in the previous week.

Headline inflation although rose to 3.11%, it is still below the target of the Reserve Bank of India`s level of 5% during 2007-08. The wholesale price-based index stood at 5.45% in the corresponding week last year.Corporate announcement:Days after acquiring two blocks in Kurdistan in northern Iraq, Reliance Industries (RIL), has announced signing of another production-sharing agreement (PSA) with the government of Oman.Lanco Infratech bagged order worth Rs 731.8 million from Andhra Pradesh (AP) Health & Medical Housing & Infrastructure Dev. Corporation (APHMHIDC), an enterprise of government of Andhra Pradesh, for the construction of medical college, hospital complex, hostels, and ancillary structures for RIMS etc., at Srikakulam in Andhra Pradesh.McNally Bharat Engineering Company bagged an order worth Rs 342.1 million from Maharashtra State Power Generation, Mumbai. This order is for the design, manufacture, supply, erection, testing and commissioning of ash handling system with all accessories for their Paras thermal power station expansion project.

Mumbai-based Valecha Engineering bagged Rs 1 billion worth new projects. These projects include additional works of Integrated Road Development Project (IRDP) at Pune and Udaipur Tunnel Project at Udaipur.KEC International, a part of Rs 115 billion RPG Group company, has been awarded two projects in Abu Dhabi and Algeria worth Rs 6.37 billion.Simplex Infrastructures bagged two contracts aggregating Rs 6,800 million. The first contract is for the design and construction of eastern freeway from museum to Anil Panjarapole link road. The second contract bagged by the company is for the design and construction of flyover on Dr. Babasaheb Ambedkar road under package II.Aegis BPO, an Essar Group company, signed a share purchase agreement to acquire TeleTech Services (India), a joint venture of TeleTech Europe and Bharti Ventures. The estimated value of the acquisition is USD 13 million. Tata Consultancy Services (TCS) signed a four-year USD 200 million contract with the Social Security Institute of Mexico (IMSS).

Sector Watch:The cement industry is all set to add 111 million tons of annual capacity by the end of 2009-10 (FY10), on the back of an estimated 141 outstanding cement projects. High demand and less-than expected capacity addition for power, pushed the deficit for April-October 2007 to a 10-year high of 14.6%. Shortage of manpower and equipment is the main reason for low capacity addition in power.

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Corporate/Personailty of the Day

Kanwal Rekhi

Kanwal Rekhi (born 1945) is an Indian-American engineer, businessman and millionaire philanthropist.Kanwal was born in Rawalpindi (then in British India, now in Pakistan). After the partition of India, his family settled in Kanpur, India. In 1967 Rekhi graduated as an electrical engineer from the Indian Institute of Technology in Bombay, India and in 1969 he received a Master of Science degree from Michigan Technological University. Kanwal has been a major donor to Michigan Tech, including a gift of $5 million for new computer science facilities. He worked as an engineer, systems analyst, and manager for many years before floating his first company, Excelan in 1982. Excelan was a manufacturer of smart ethernet cards, and was also responsible for the commercial growth of the internet protocol TCP/IP. The company merged with, and was acquired by Novell in 1989 and Kanwal was given a seat on the board.

For more: http://en.wikipedia.org/wiki/Kanwal_Rekhi

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16 November 2007

About : Warren Buffet, George Soros

Warren Buffett

Warren Edward Buffett (b. August 30, 1930, Omaha, Nebraska), often called the "Sage of Omaha" or the "Oracle of Omaha"[2], is an American investor, businessperson and philanthropist.Buffett has amassed an enormous fortune from astute investments managed through the holding company Berkshire Hathaway, of which he is the largest shareholder and CEO. With an estimated current net worth of around US$52 billion,[1] he was ranked by Forbes as the third-richest person in the world as of September 2007, behind Carlos Slim and Bill Gates.[3]

For More: http://en.wikipedia.org/wiki/Warren_Buffet

George Soros

George Soros (pronounced [ˈʃoroʃ]) (born August 12, 1930, in Budapest, Hungary, as György Schwartz) is an American financial speculator, stock investor, philanthropist, and political activist.[2] He has also promoted democracy in Eastern Europe.Currently, he is the chairman of Soros Fund Management and the Open Society Institute and is also a former member of the Board of Directors of the Council on Foreign Relations.

For more: http://en.wikipedia.org/wiki/George_Soros

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Economic Times Headlines

India to buy 400 firms in US, EU after 2010: Assocham
Indian students dominate Harvard Business School
Indians now wear Asia's wealth crown too

Essar Oil to invest Rs 24,000 cr to expand Vadinar refinery
KEC International bags Rs 637 cr worth power transmission projects
Ranbaxy recalls 73 million pills from US mkt
Ranbaxy recall may hit Indian generic companies' reputation
TRAI norms for telecom firms on collection of dues

BoB to foray into life insurance with UK firm and Andhra Bank
FMCG, fertilizer up as mkt ends down
Essar Steel applies for delisting
Forex reserves cross $270 bn
Rs 2000 cr for Rajasthan irrigation
Indian annual inflation at 3.11%

Fuel shock: Big 5 face the flak for record oil price
Maruti tops customer satisfaction survey
RBI to circulate new Re 1 non-ferritic stainless steel coins
Tata Tea launches Tetley green tea leaf packet
ICICI Venture seen in talks to buy out Shalimar
Mukesh, Mayawati & Montek can reduce India's poverty

ICICI Venture, Baring PE set to buy 32% in Karvy for Rs 500 cr
Tamil Nadu fixes sugarcane MSP at Rs 1,034 per tonne
Essar Steel reverse book building price
Air India's IPO only after integration
Pratibha Ind eyes urban infra projects
Online coaching business being driven by small towns

RCom's ad campaign wins international award
UTI Ventures invests $8 mn in Pesco Beam
Reliance Comm adds 1.5 mn users in Oct
Dhanus Techonologies to sell international SIM cards in India
256 kbps to remain broadband in India
Spice, IndiGo close in on Jet, Air India market share

'Economy on way to 9% growth'
Blackstone's India PiE: A billion dollars in next 2 years
PTC may sell 40% in fin services arm to PE firms
NBCC, CSEB set to sign Rs 4,000-cr JV
Refex Refrigerants to raise up to Rs 200 cr via FCCBs
JP Associates signs F1 track deal: Report

Prajay Engineers ties up $36 mn in FDI
Franklin Asian Equity Fund to open on Monday
DLF mall to house 130 global brands; launch pad for many
Parliament to debate N-deal on Nov 27

International News

Google up for wireless spectrum bid: Report
Advertising key to putting Internet in every cellphone
East Asian economies to remain robust despite subprime crisis
China back as net coal exporter as global prices soar
Barclays takes 1.3 billion-pound hit in credit crunch
China's fixed asset investment up 26.9 per cent
'European banks face bigger risks'
China's economy may be 40% smaller than estimated

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Rediff Stories

India 16th most expensive retail spot
Myth of the fastest supercomputer
India's largest cos
K P Singh: World's richest realty developer

20 ventures you can start with Rs 5 lakh
Which MFs can get you maximum profits
Markets booming: Which stocks to buy now
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Digital Versions of Business Today, MoneyToday

India's Leading Business Magazine

BUSINESS TODAY

is in the form of digital version.

View : http://businesstoday.digitaltoday.in/

emagazine: http://emagazine.digitaltoday.in/BusinessToday

&

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Hope all Business Peoples, Viewers will be happy to see BT, MT in digital versions.

Sensex loses 87 pts at close

NIFTY
5906.85
-5.25
SENSEX
19698.36
-86.53

The market opened on a weak note this morning, and, despite recovering swiftly and staging a smart rally, remained sluggish right till the end of the session as participants chose to stay away from a majority of blue chip stocks due to lack of triggers. Finally, following a fairly strong round of selling in some front line stocks, the benchmark indices Sensex and the Nifty closed in the red today.

Weak global markets rendered the mood somewhat negative. Fresh concerns over US credit worries and surge in inflation weighed down the sentiment to a notable extent.
While the Sensex, which plunged to 19,472.51, losing more than 300 points in early trade, ended the day with a loss of 86.53 points or 0.44% at 19,698.36, the Nifty closed with a small loss of 0.09% or 5.25 points at 5906.82. In intra-day trades today, the Nifty touched a low of 5817.40 and a high of 5948.05. The Sensex hit a high of 19,838.03 in early afternoon trade.

Oil stocks had another fine run in the positive territory. Select FMCG stocks, led by heavyweight ITC, posted smart gains. Auto and PSU sectors witnessed selective buying. Consumer durables stocks, which had missed out on the rally on Wednesday, were among the notable gainers today.

Information technology and capital goods stocks eased to lower levels on selling pressure. Though a few bank stocks firmed up to higher levels, not much buying was seen in that space today. Some realty stocks gained smart ground. Even as a number of large cap stocks struggled to hold on at higher levels, several stocks from midcap and smallcap segments rallied higher on strong buying interest.

ITC ended stronger by as much as 8.2% today. Grasim Industries closed with a big gain of 7.5%. Dr. Reddy's Laboratories (3.4%), Mahindra & Mahindra (1.9%), Maruti Suzuki (1.35%) and Bharti Airtel (1.3%) also closed with smart gains.

State Bank of India gained 0.8%. Hindustan Unilever moved up by a little over half a per cent. Wipro, Cipla, ONGC and Tata Consultancy Services posted modest gains while Ambuja Cements, Reliance Industries and Bajaj Auto ended marginally higher than their previous closing levels.
Hindalco (down 5.5%) was the biggest loser from the Sensex today. Larsen & Toubro (down 2.85%), Ranbaxy Laboratories (down 2.8%), ICICI Bank (down 2.3%), Reliance Communications (down 2.3%), Tata Steel (down 2%), Infosys Technologies (down 1.75%), Reliance Energy (down 1.5%) and BHEL (down 1.3%) also declined sharply.

HDFC, which moved in a tight band today, closed with a loss of 0.7%. HDFC Bank also went down by around the same margin as HDFC. ACC lost 0.45%. Tata Motors and Satyam Computer Services ended with very small losses. Nalco, HCL Technologies, Zee Entertainment, Sun Pharmaceuticals and SAIL were among the major losers in the Nifty index.

Hindustan Petroleum (6.05%), VSNL (5.45%), ABB (2.3%), MTNL (2.15%), BPCL (1.85%), Hero Honda (1.8%), Suzlon Energy (1.7%), Punjab National Bank (1.55%) and GlaxoSmithKline Pharma (1.05%) closed with sharp gains. Hinduja TMT vaulted 28.65% to Rs 556.10. Chambal Fertilizers zoomed 28.3%. Essar Oil closed with a hefty gain of 21.6%. Mirc Electronics gained 16.1%. Escorts spurted 14.65%.

HTMT Global, Ballarpur Industries, National Fertilizers, Fertilizers & Chemicals, Nirma and Chennai Petroleum Corporation moved up by 9% - 11%. Lanco Infratech, FDC, Finolex Industries, Gujarat Narmada, Jindal Saw, Tamil Nadu Newsprint & Papers, Indian Oil Corporation, Tata Tea, India Cements, Kotak Bank, Cummins India and Tata Chemicals also surged higher.

Midcap stocks Nagarjuna Fertilizers, S Kumar's Nationwide, Bombay Rayon Fashions, Dabur Pharma, Eicher Motors, Berger Paints, Kirloskar Oil Engines, Simplex Infrastructure, Binani Cements, SpiceJet and Development Credit Bank closed on a high note.

Though the indices ended in the red, the market breadth remained positive again thanks to hectic buying in several midcap and smallcap stocks. Out of 2865 stocks traded on BSE today, 1909 stocks closed on a winning note. 912 stocks ended with losses and 44 stocks finished at their previous closing levels.

Sensex loses 87 pts at close

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Corporate/Personailty of the Day

Victor Menezes

Victor J. Menezes (May 14, 1949 - ) is an engineer and banker, who acts as a top official in international financial organizations. He is originally from India and received his degree in electrical engineering from the Indian Institute of Technology, Bombay in 1970. He received a Master's degree in Management (M.B.A.) from the MIT Sloan School of Management in 1972. In the same year, he joined Citicorp in Corporate Banking. Later, he was posted in "practically every continent" -- as one bio-sketch put it. Displaying exemplary banking skills throughout, he rose to the post of Chief Financial Officer in 1995.

For more: http://en.wikipedia.org/wiki/Victor_Menezes

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15 November 2007

About: SandP 500, NASDAQ

S&P 500

The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American. The index is the most notable of the many indices owned and maintained by Standard & Poor's, a division of McGraw-Hill. S&P 500 is used in reference not only to the index but also to the 500 actual companies whose stocks are included in the index.
The S&P 500 index forms part of the broader S&P 1500 and S&P Global 1200 stock market indices.
All of the stocks in the index are those of large publicly held companies and trade on the two largest US stock markets, the New York Stock Exchange and Nasdaq. After the Dow Jones Industrial Average, the S&P 500 is the most widely watched index of large-cap US stocks. It is considered to be a bellwether for the US economy and is a component of the Index of Leading Indicators. It is often quoted using the symbol SPX or INX, and may be prefixed with a caret (^) or with a dollar sign ($).

For more:
http://en.wikipedia.org/wiki/S%26P_500
List of companies in the S&P 500

************************************************

NASDAQ

The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American stock market. It is the largest electronic screen-based equity securities trading market in the United States. With approximately 3,200 companies, it lists more companies and on average trades more shares per day than any other U.S. market.[1]
It was founded in 1971 by the National Association of Securities Dealers (NASD), who divested themselves of it in a series of sales in 2000 and 2001. It is owned and operated by The NASDAQ Stock Market, the stock of which was listed on its own stock exchange in 2002, and is monitored by the Securities and Exchange Commission (SEC).

For more :

http://en.wikipedia.org/wiki/NASDAQ
NASDAQ Composite
NASDAQ-100

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Discover Stock Market India Nifty Bank Nifty Technicals Analysis & India Business Stories

19 November 2007

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18 November 2007

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16 November 2007

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15 November 2007

About: SandP 500, NASDAQ

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