Day's Quote/Corporate Story

Quote of the Day

" If your ship has not yet come in, build a lighthouse."

Personality / Corporate of the Day

Anil Ambani

Anil Ambani (born June 4, 1959) is an Indian businessman. As of March 2007, he has a net-worth of US$ 18.2 billion, making him the 18th richest person in the world. His was the world's fastest-growing multi-billion-dollar fortune in percentage terms as his wealth tripled in 1 year. [2] Ambani is chairman of Reliance Capital, Reliance Communications and Chairman & Managing Director, Reliance Energy, and was formerly Vice Chairman and Managing Director of Reliance Industries Limited. His personal stake in Reliance Communications is 66%.[1]. Reliance group is India's largest business house, founded by Anil's late father Dhirubhai Ambani (1938-2002). His mother is Kokilaben Ambani. He is married to Tina Ambani(Munim) who was a well known Indian Actress in early 80's, and blessed with two sons: Jai Anmol and Jai Anshul.

Further, Visit : http://en.wikipedia.org/wiki/Anil_Ambani

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Other Stories

Rediff.Com

The Sensex story: From 1K to 18K
Big retail gung-ho on expansion
Infy's Nilekani may move to US


Moneycontrol.Com

Stocks that contributed in this historical day
Cabinet approves relief package for sugar ind: FM
Apr-Sep excise mop-up at Rs 54,700 cr, up 6.5% YoY
NRB Bearings among Forbes list of Asia’s Best under bn
Reliance bags marketing & distribution deal for Apple
Top 5 stocks contributed 60% to 18k rally
Business Today places Shaadi.com amongst top 10 marketers

BusinessLine

S&P forecasts 8.6% GDP growth for 2007-08
Employment outlook for Q4 dips


Business Standard

FIIs net buyers of Rs 1,417cr in cash market

Eicher posts 21% growth in September sales
Govt imposes President's rule in Karnataka
Red Fort Capital to invest $425 mn in real estate
Sensex whizzes past 18K in 789-point rally
Reliance Life on expansion spree


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Result Corner

From Indiaearnings.Com and Myiris.Com


S Kumars net jumps 57.59% for Sep`07 qtr

Orissa Sponge loss widens to Rs 79.91 mn for Q3

Prism Cements sep qtr net profit up at Rs 51.8 cr


Results Calendar

10.October.2007

BIHAR TUBES
IGATE GLOBAL

INDOWIND

P H I L CORPN

POWER FINAN PFC

SOUTH INDIA BK

SPICE TELE

SUPREME IND

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Mukesh and Anil Ambani combined become world's richest

NEW DELHI: The Indian stock market boom has made the Ambani brothers arguably the richest in the world if one clubs the fortunes of Mukesh and Anil, which at $ 91.41 billion is far ahead of even the Walton family of Wal-Mart. Sons of legendary industrialist Dhirbuhai Ambani who started his career as a petrol station attendant in Yemen and later founded Reliance Industries, Mukesh and Anil split the business empire between them in June 2005 - then worth. While Mukesh controls shares worth USD 55.81 billion, Anil owns shares worth USD 35.6 billion in their respective groups, and their combined worth stands at just over USD 170 billion. '

The wealth of the two brothers as also their group companies are based on the information available on the Bombay Stock Exchange and the closing price of the group companies on Tuesday. The net worth of the Walton family, which controls nearly 39 per cent in Wal-Mart, is around USD 72 billion based on the market capitalisation of the retailer, which is USD 184.21 billion. In June 2005, when the Reliance empire was split its market valuation stood at a little over Rs 1,10,000 crore which has since shot up to over Rs 6,00,000 crore.

In March, Forbes magazine had ranked Mukesh and Anil Ambani as the 14th and 18th richest persons in the world. Their combined wealth then stood at USD 38.3 billion, just a little over the USD 32 billion wealth of steel baron Lakshmi Mittal (fifth richest). After today's surge in the stock market, which saw the Bombay Stock Exchange benchmark Sensex crossing the 18,000-point milestone with a gain of 789 points, the wealth of the five richest resident Indians too has soared.

The collective wealth of the top five richest Mukesh, Anil, DLF's K P Singh, Bharti Group's Sunil Bharti Mittal and Wipro chief Azim Premji has risen by over USD 28 billion to USD 164.01 billion in less than 20 days. The total market cap of firms listed on the BSE on Tuesday soared to Rs 54,85,247.44 crore, data available with the exchange shows. The market cap stood at about Rs 51,19,729 crore on September 26, when the Sensex hit the 17,000 mark.



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Corporate Updates

Economic Times

Ambani brothers on way to top echelons of global billionaires’ club

Mukesh & Anil Ambani combined become world's richest

Stock Gains: D-Street investors pocket Rs 3 trillion in eight days

Investors high on confidence, low on politics

6000 to 18,000: Blue chips pay back in millions

Retirement savings find way to D-Street

Bulls do not want slowdown in India Inc's revenue growth

Tata Motors hikes CV prices by 2.5 per cent

Hero Honda gains lead as 100cc trips Bajaj race

HDFC buys 10% more in AMC from UK partner

Govt plans to set up national textile hub

REL bags Rs 6,200 cr AP govt contract

Larsen & Toubro Ltd wins order worth Rs 693 crore

Parsvnath gets govt nod for Rs 1,050 cr SEZ in Uttarakhand

Team Rangarajan charts way to keep growth above 9%

Reliance Life launches new policy, plans to invest Rs 1,200 cr

Advance tax by IT firms increases by 110 % to Rs 507 cr

Google SMS beta launched

Genpact plans to invest Rs 150 crore in upcoming IT SEZ in Jaipur
Zensar bag $11 mn orders to implement of Oracle applications

Hindujas to grow broking, consumer finance biz

Yatra Online plans IPO

CBI chargesheets 22 in '06 IPO scam
Shriram EPC plans 50 lakh share IPO
Dhanus Technologies fixes issue price at Rs 295 per share

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BSE Gainers at 18K

Levels reached by Sensex

September 12 15,000

September 19 16,000

September 26 17,000

October 09 18,002

Some of the BSE gainers

Company Name
High
Low
Last Price
Prev Close
Change
% Gain

iGATE Solutions
317.10
262.00
317.10
264.25
52.85
20.00

Shriram TransFi
231.30
189.00
226.85
192.75
34.10
17.69

IndusInd Bank
71.60
58.00
71.15
61.30
9.85
16.07
KEC Infrastruct
32.25
26.10
30.80
26.90
3.90
14.50
Mangalore Chem
37.75
30.20
36.80
32.20
4.60
14.29

Torrent Power
136.05
109.00
131.70
115.90
15.80
13.63
Nagarjuna Fert
58.90
47.65
57.75
51.05
6.70
13.12

IFCI
87.25
72.15
86.65
78.40
8.25
10.52

Adani Enterpris
716.35
632.00
716.35
651.25
65.10
10.00

IOB
145.00
120.05
138.60
126.15
12.45
9.87

Indo Tech Trans
528.00
453.05
521.10
476.80
44.30
9.29

Rel Capital
1,779.00
1,580.00
1,768.35
1,626.55
141.80
8.72

Rel Capital
1,779.00
1,580.00
1,768.35
1,626.55
141.80
8.72

Indiabulls Real
652.00
571.20
644.90
595.60
49.30
8.28

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18K.....NIFTY, Sensex Gainers

Sensex Gainers

Company
Current Price
Previous Close
% Change
Volume
RELIANCE ENR
1533.65
1379.50
11.17
3,007,503
REL COM LTD
705.85
640.90
10.13
6,018,890
MARUTI UDYOG
1105.35
1025.40
7.80
559,960
RELIANCE
2600.45
2416.95
7.59
1,409,364
NTPC LTD
217.70
204.65
6.38
3,865,945
S B I
1889.75
1782.65
6.01
712,796
TATA STEEL
834.60
789.00
5.78
1,076,864
BHARTI TELE
1040.30
984.80
5.64
538,211
ACC LTD
1176.65
1115.10
5.52
155,844
GRASIM IND
3602.00
3425.55
5.15
38,530
O N G C
985.30
939.70
4.85
244,255
LARSEN & TOU
3163.20
3020.45
4.73
387,555
WIPRO
489.30
469.65
4.18
800,816
TATA MOTORS
791.75
764.40
3.58
228,797
RANBAXY LABORATORIES LTD.
426.70
412.30
3.49
327,414
I T C
184.60
178.50
3.42
894,192
SATYAM COMPU
470.55
455.55
3.29
560,320
ICICI BANK
1045.75
1016.35
2.89
689,724
INFOSYS TECH
2048.00
2000.45
2.38
337,089

Nifty Gainers

Company
Current Price
Previous Close
% Change
Volume

RELIANCE ENR
1533.95
1380.15
11.14
7,207,101
REL COM
706.95
641.55
10.19
17,524,548
TATA POWER
980.00
902.50
8.59
2,017,959
MARUTI UDYOG
1105.05
1025.25
7.78
1,828,168
ZEE TELE
339.25
315.00
7.70
1,128,657
RELIANCE
2600.00
2421.20
7.38
4,137,315
REL PET
161.20
151.00
6.76
26,994,787
S A I L
205.80
192.80
6.74
10,434,306
NTPC LTD
218.15
204.90
6.47
9,972,911
S B I
1889.95
1781.90
6.06
1,519,359
TATA STEEL
835.60
789.55
5.83
2,596,695
GAIL
386.70
366.05
5.64
999,449
UNITECH P
326.90
309.50
5.62
6,898,774
A C C
1176.25
1115.15
5.48
611,630
BHARTI TELE
1038.80
985.65
5.39
2,247,517
GRASIM IND
3604.40
3421.65
5.34
101,983
NATION ALUM
308.10
292.65
5.28
128,059
O N G C
985.25
939.65
4.85
1,462,477
LARSEN & TOU
3163.40
3020.45
4.73
1,044,075
TATA MOTORS
796.15
764.35
4.16
1,085,388
WIPRO
489.00
469.50
4.15
2,241,577
RANBAXY LAB.
428.75
412.60
3.91
971,605

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SENSEX.....18K.....Cheers

SENSEX 18280.24 788.85
NIFTY 5327.25 242.15

The stock market barometer Sensex on Tuesday surged by a record 789 points to cross the 18,000-point milestone as investors took heart from the improbability of snap polls and bought heavily in frontline stocks led by Reliance Industries.

reliance industries ltd. 2600.00 7.38 %

The market set several new records including the biggest single day gain of 789 points at close, as well as the largest intra-day gains of 993 points in absolute term. The Bombay Stock Exchange (BSE) benchmark Sensex also recorded the second fastest 1,000-point journey from 17K to 18K in nine trading sessions. The fastest 1,000-point journey was achieved in six sessions between 16K and 17K last month.

The news that the Left-UPA committee on the nuclear deal will meet on October 22 only indicated that the Congress-led UPA government at the centre and its communist allies have stepped back from Tuesday's political stalemate, sparking off a huge price rally across-the-board. While the Left parties claimed they had persuaded the government from going ahead with the deal, there was no word from the government. However, RJD chief and Railway Minister Lalu Prasad said: "The government is not falling. There will be no snap poll."

The BSE barometer ended the day at a new closing peak of 18,280.24, a net rise of 788.85 points or 4.51 per cent over yesterday's close of 17,491.39. It also touched new intra-day high of 18,327.42. The broader S&P CNX Nifty of the National Stock Exchange (NSE) also flared up to an all-time trading high of 5,348.70 before closing at a new peak of 5,327.25 from previous close of 5,085.10, a net gain of 242.15 points or 4.76 per cent.

GAINER- NSE Group

Some of the Gainers
Company
Last Price (Rs.)
Gain(%)
igate global solutions ltd.
317.95
20.00
shriram transport finance company ltd.
226.75
16.64
indusind bank ltd.
70.95
15.83
torrent power ltd.
132.25
14.10
k e c international ltd.
30.75
14.10
uco bank
44.20
13.18
pnb gilts ltd.
27.05
13.17
nagarjuna fertilisers ` chemicals ltd.
57.75
13.01
infrastructure development finance company ltd.
164.70
12.00
reliance energy ltd.
1533.95
11.14
jindal south west holdings ltd.
482.35
10.68
akruti nirman ltd.
814.75
10.51
ifci ltd.
86.60
10.24
gujarat mineral development corporation ltd
1357.50
10.20
reliance communications ltd.
706.95
10.19
reliance communications ltd.
706.95
10.19
housing development ` infrastructure ltd.
762.40
10.10
adani exports ltd.
714.30
10.00
indian overseas bank
138.10
9.55
reliance natural resources ltd.
89.15
9.11
gujarat industries power company ltd.
92.80
8.92
indo tech transformers ltd.
517.85
8.80
united spirits ltd.
1811.70
8.75

---------------
reliance capital ltd.
1768.00
8.69
tata sponge iron ltd.
239.55
8.68
tata power company ltd.
980.00
8.58
tata teleservices (maharashtra) ltd
40.40
8.16
indiabulls real estate ltd.
648.50
7.84
maruti udyog ltd.
1105.05
7.78
triveni engineering ` industries ltd.
99.75
7.77
new delhi television ltd.
387.95
7.70
zee entertainment enterprises ltd.
339.25
7.69

arvind mills ltd.
61.65
7.49
bank of india
278.95
7.47
jaiprakash hydro-power ltd.
70.65
7.45
emkay share ` stock brokers ltd.
141.90
7.29
indiabulls financial services ltd.
626.10
6.96

mic electronics ltd.
524.85
6.82
power grid corporation of india ltd.
101.95
6.80
indowind energy ltd.
145.05
6.77
reliance petroleum ltd.
161.20
6.75
steel authority of india (sail) ltd.
205.80
6.74
walchandnagar industries ltd.
4779.50
6.74
l infrastructure ` projects ltd.
439.80
6.68
escorts ltd.
124.65
6.67
kotak mahindra bank ltd.
972.30
6.63
info edge (india) ltd.
1042.80
6.54
ntpc ltd
218.15
6.46
ptc india ltd.
88.50
6.43
state bank of india
1889.95
6.06

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Day's Quote/Corporate Story

Quote of the Day

" Even god takes nine months to create a baby. What makes you think that you can achieve success in a short time? The best of things will take its own time."

Personality / Corporate of the Day

Dr. Manmohan Singh

Dr. Manmohan Singh (Punjabi: ਮਨਮੋਹਨ ਸਿੰਘ) (born 26 September 1932) is the 14th and current Prime Minister of India. Dr. Singh is a member of the Indian National Congress party and became the first Sikh to become Prime Minister of India on May 22, 2004. He is regarded by some as the 'most educated' Indian Prime Minister in history.[1] He is considered one of the most qualified and influential figures in India's recent history, mainly because of the economic reforms he initiated in 1991 when he was Finance Minister under Prime Minister Narasimha Rao.[2]

Further Details, Visit : http://en.wikipedia.org/wiki/Manmohan_Singh

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