22 October 2007

Sensex ends up 54pts, HDFC gains 7%

Sensex 17614 (54)
Nifty 5184 (-31)
Sensex ends up 54pts, HDFC gains 7%

The Sensex opened with a huge negative gap of 300 points at 17,260, and dropped to a low of 17,171 in early trades.Buying at lower levels saw the index recoup all the losses, and zoom to a high of 17,705 - an intra-day gain of over 500 points.After exhibiting extreme volatility in late noon deals, the Sensex finally closed with a gain of 54 points at 17,614.The BSE Bankex gained over 2% (191 points) to close at 9029.

The BSE FMCG and Capital Goods indices also closed with gains. The BSE Oil & Gas Index declined 1.6% (162 points) to 10,080. The BSE Teck, PSU and Realty indices also dropped today.Advances and declines were evenly matched - out of 2,754 scrips traded, 1,344 advanced and 1,339 declined.

INDEX GAINERS...HDFC zoomed over 7% (Rs 174) to Rs 2,572. ICICI Bank moved up over 3% to Rs 1,062. SBI added nearly 3% to close at Rs 1,713.While Ambuja Cements gained over 4% at Rs 145, M&M added 3.6% at Rs 754.Reliance Energy, ACC, L&T, Hindalco and ITC also finished with gains today.....

AND LOSERSBharti slipped over 4% (Rs 41) to Rs 928.TCS declined nearly 3% (Rs 32) to Rs 1,074. Infosys, Satyam and Wipro also dropped today.Reliance was down over 2% (Rs 56) at Rs 2,413.MOST ACTIVE COUNTERSAmbuja Cements was the most active counter with a turnover of Rs 809 crore followed by Reliance Energy (Rs 553 crore), United Breweries (Rs 509 crore), Reliance (Rs 480 crore) and Reliance Communications (Rs 235 crore).



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Day's Quote/Corporate Story

Quote of the Day

" Never underestimate the power of the combination of inspiration and perseverance."


Corporate/Personality of the Day

Sabeer Bhatia

Sabeer Bhatia (सबीर भाटिया) is a co-founder of Hotmail and an entrepreneur.
Sabeer was born in Chandigarh, India in 1968. His father, Baldev Bhatia, started as an officer in the Indian Army and later joined the Indian Ministry of Defence, while his mother, Daman Bhatia, was a senior official at the Central Bank of India.[1] Bhatia was schooled at the St. Joseph's Boys' High School in Bangalore. He started his undergraduate education at the Birla Institute of Technology & Science, BITS, Pilani and transferred to Caltech after two years at BITS. After graduating from Caltech, Sabeer went to Stanford to pursue his MS in Electrical Engineering. At Stanford, he worked on Ultra Low Power VLSI Design.
At Stanford, he was inspired by entrepreneurs such as Steve Jobs and Scott McNealy eventually deciding to become one himself. Instead of pursuing a PhD after his Masters, he decided to join Apple.

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



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21 October 2007

Results on 22,October

Results Calender

Some of the Companies Result announcement Dates

Bannari A Spg 22-Oct-07

Bhushan 22-Oct-07

Dewan Housing 22-Oct-07

Dish TV India 22-Oct-07

Eicher Motors 22-Oct-07

Enkei Castalloy 22-Oct-07

Ennore Foundrie 22-Oct-07

Entegra 22-Oct-07

Finolex Ind 22-Oct-07

Foseco India 22-Oct-07

GTL 22-Oct-07

Guj Flourochem 22-Oct-07

HCL Info 22-Oct-07

Hind Zinc 22-Oct-07

IL&FS Investsma 22-Oct-07

India Cements 22-Oct-07

Ingersoll Rand 22-Oct-07

INOX Leisure 22-Oct-07

IQMS Software 22-Oct-07

KS Oils 22-Oct-07

Lanxess ABS 22-Oct-07

LIC Housing Fin 22-Oct-07

Lumax Auto 22-Oct-07

Lumax Inds 22-Oct-07

Maars Software 22-Oct-07

Orient Paper 22-Oct-07

PSL 22-Oct-07

Rama Newsprint 22-Oct-07

Rane Madras 22-Oct-07

Rolta 22-Oct-07

Saksoft 22-Oct-07

Salora Inter 22-Oct-07

Sanghvi Movers 22-Oct-07

Shanthi Gears 22-Oct-07

Shiva Texyarn 22-Oct-07

Sonata 22-Oct-07

Surya Pharma 22-Oct-07

Themis Medicare 22-Oct-07

Tourism Finance 22-Oct-07

Venus Remedies 22-Oct-07

Zee News 22-Oct-07

Zenith Computer 22-Oct-07

Zensar Tech 22-Oct-07


We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.indiaearnings.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.

Venture Capital, PE Updates

From Indiape.Com

3i picks up 6.6% stake in Welspun Gujarat

Yatra Capital raises 120 mln eur

Moser Baer to raise Rs400 crore private equity to fund its photovoltaic unit

Tayals to dilute BoR stake to 15% by March ’09

Himatsingka Seide acquires DWI Holdings Inc

PEs picking up GIL stake for Rs 1,200 crore

RBI suggests more curbs on VC funds

Ritesh approves stake sale to Bennett, Coleman


From VCCircle.com

Warburg Pincus Invests $110 Million In Electrical Gear Maker Havells

Social Investment Bank Intellecap Gets $8.4M Funding From Legatum

Cognizant Buys Sequoia India-Backed Analytics Firm marketRx For $135 Million

SAP’s M&A Debut In India: Buys Hyderabad Software Startup Yasu Technologies

Moser Baer Photovoltaic Biz Gets $100M From IDFC PE, GIC, CDC Group And IDFC

Evalueserve Report: The Hot Sectors For Private Equity Investment

Telecom Tower Company GTL To Land $250-275 Million Funding

Religare, Macquarie Bank Forms JV For Wealth Management Business



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Around the Blogs

Stock to watch out for-Parsvnath Developers Ltd

Company:Parsvnath Developers Ltd.Industry:Real Estate
CMP:330.35
Recommendation:OutperformerInvestment Arguments:
One of the fastest growing real estate companies with huge future plans and big projects under execution.

One of the early movers in SEZ's and in near future company might spin it off as a seperate entity thereby unlocking more value.

High promoter and FII stake (88%) as per latest data.This gives majority of holding of company in strong hands.
Undervalued among the real estate peers and further development of tier 2 and 3 cities to add value to the company where its main business is concentrated.
Cash inflows expected in excess of 1100 crores only by way of leasing out mall properties and multiplexes by 2012.
Overseas projects which the company is looking into will diversify risk further.
Good management and till date whatever has been said has been done which indicates commitment and value for long run.Also unwillingness to dulite further equity on management part shows the huge value of the equity.
Considering all these arguments the company looks to a multibagger in the long run.Investors can consider exposure after verifying the facts and also doing their own research.


5 IPO's worth Investing in for Huge Returns
Here is a list of 5 IPO which are slated to hit the marktes in the next few months and can be big multibaggers.Complate analysis of each to follow.1)Reliance Power-Power Sector2)Emaar MGF Land-Real Estate3)Rural Electrification Corporation-Power 4)Wockhardt Hospitals-Healthcare5)Edelweiss Capital-Financial Services


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



Indian Premier League (IPL) T20 (20-20) Cricket Teams to be listed on stock exchanges

P-Notes - Participatory Notes or Panic Notes?

Deccan Chronicle Holdings (DCHL) Share Buyback offer

SVPCL Limited IPO : SVPCL IPO opens for subscription on Oct 22



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Financial Jobs from Kpowave

Sundaram BNP Paribas Mutual Fund Openings

Financial Openings in Reliance Mutual Fund

Investment Advisors Openings in IL&FS Investsmart...

Research Analyst Openings in LKP Shares

Research Anlyst Openings in Karvy Global

Research Analyst Jobs in Enam Securities

Research Analyst Jobs in UTI Securities

Fundamental Analyst Openings in Edelweiss



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Economic Times Headlines

Foreign companies top B-school graduates preferred employer list
Hyundai plans new big sedan for India in 2 years
Suzuki doubles scooter sales target in FY09
Fortis Bank close to finalising Indian partner
Mother Dairy aims $1 bn turnover in 2 years
Job stability lures B school grads to opt for PSUs
Vishal to open speciality store chain for apparel, FMCG


RComm launches international data roaming to the US
DoT may issue LoIs for telecom licences
Railways to launch commercial portal
India's economic growth impressive: IMF
Export earnings, pvt remittances likely to jump in FY08


Life insurers to invest over $50 bn a year in equities by 2012
Infosys eyeing Europe, Middle-East, Africa for Finacle
PN restriction slams brakes on Sensex run
Hero Honda sparks price war in 125 cc segment
Warburg Pincus to pump in 110 mn dollar in Havells

MCX awaits FMC approval to initiate carbon trading
Mundra Port, SEZ plans to raise Rs 1,500 cr via IPO
FIIs reduce holding in 15 blue chips in past 3 months
SEBI chief to clear air on P-notes on Oct 22
UAE property developer to launch projects in Bangalore

Logan named among best cars not sold in US
PNs lose Rs 10,000 crore in crash


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

Day's Quote/Corporate Story

Quote of the Day

" If you encounter difficulty, don't change your decision to go, change your direction to get there."


Corporate/Personality of the Day

Gurbaksh Chahal

Gurbaksh Chahal (born July 17, 1982) is the founder of several advertising companies.
Chahal was born in the town of Tarn Taran, near Amritsar in Punjab, India to Avtar and Arjinder Chahal. In 1985, his parents received a visa for America through a lottery-based system in India. He immigrated to the United States at the age of 4 with his family and settled in San Jose, California. Gurbaksh is the youngest of four siblings.[citation needed]

further, visit: http://en.wikipedia.org/wiki/Gurbaksh_Chahal



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