Job alerts and blog roundup

Financial Openings in Ernst and Young,India
Opportunities exist in:
Direct & Indirect Tax
SOX Compliance
Due Diligence
Send resume to:careers.ey@in.ey.com with subject line as:Feedback from ey.com
For more information visit company site at:http://www.ey.com/global/content.nsf/India/Careers

--------------------------------------
Su-Raj Diamonds & Jewellery Ltd-

Low Price High Potential Stock
Company:Su-Raj Diamonds & Jewellery Ltd.Industry:Diamond Cutting/Precious Metals/Jewellery CMP:56.00 PE Ratio:4.70Recommendation:Performer

--------------------------------------------

Burnpur Cement Limited IPO opens for subscription on 28th

Pyramid Saimira Production Unit IPO by month end
By Bullish Indian

-------------------------------------------

Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th

Kolte Patil IPO: Kolte Patil Developers Limited is planning to enter the capital markets with an public issue of 18,812,709 equity shares of Rs. 10 each with a price band of Rs. 125 to Rs. 145 per share.
Subscription of Kolte Patil IPO begins on November 19th, 2007 and will close for subscription on November 22, 2007.
Reservation of 188,127 equity shares is reserved for eligible employees out of the net issue size. Net Issue will constitute 25% of the post-Issue paid up capital of the Company.
Of the total issue size, Qualified Institutional portion will be not more than 50% . Non Institutional portion will be not less than 15% and the remaining 35% will be available to the Retail investors
Further, Kolte Patil IPO - Kolte Patil Developers Limited IPO opens on Nov 19th

------------------------------------------

BSE Introduces Online Registration & Electronic Payment Gateway

Sequoia Capital and Hudson Equity to invest in Manappuram General Finance

Himadri Chemicals to issue warrants to Citigroup, promoters

Gujarat NRE Coke to issue securities

Orbit Corporation allots NCDs

KS Oils allots shares for GDR


------------------------------------
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Job alerts from CoolAvenues.Com

10 November 2007 - CFO One of the Leading Fortune 500 Financial Services Company
6 November 2007 - Opening in Equity Finance A US-based Fortune 500 Company
6 November 2007 - Opening in Finance A Leading Global Investment Bank
6 November 2007 - Opening in Finance & Accounts One of the Leading Fortune 500 Global Investment Bank
6 November 2007 - Opening in Legal Division One of the Fortune 500 Company - A Leading Pharma MNC
6 November 2007 - Opening in Market Research & Analytics One of the Fortune 500 Company - A Leading Pharma MNC
3 November 2007 - VP - Corporate Communication A Top Textile / Retail major
3 November 2007 - President - Marketing & Market Developer - Premium Lifestyle / Garment Brands A Top Textile / Retail major
1 November 2007 - COO A Leading Global MicroFinance Company

----------------------------

6 November 2007 - Opening in Market Research & Analytics One of the Fortune 500 Company - A Leading Pharma MNC
3 November 2007 - VP - Corporate Communication A Top Textile / Retail major
3 November 2007 - President - Marketing & Market Developer - Premium Lifestyle / Garment Brands A Top Textile / Retail major
3 November 2007 - Marketing / Product Managers-Premium Lifestyle / Garment Brand A Top Textile / Retail major

----------------------------

10 November 2007 - CFO One of the Leading Fortune 500 Financial Services Company
8 November 2007 - SAS Analyst Deloitte & Touche Assurance & Enterprise Risk Services
8 November 2007 - Research Analyst - Telecom One of the Most Reputated Management Consulting Company
8 November 2007 - Equity Research Analyst - Banking / Insurance One of the Biggest Banking & Financial Services Company
6 November 2007 - Opening in Equity Finance A US-based Fortune 500 Company
6 November 2007 - Opening in Finance A Leading Global Investment Bank
6 November 2007 - Opening in Finance & Accounts One of the Leading Fortune 500 Global Investment Bank
6 November 2007 - Consultant - Banking Domain A Leading Global Management Consulting Company

----------------------------------


1 November 2007 - COO A Leading Global MicroFinance Company
29 October 2007 - Manager - Technology Outsourcing/ Process Migrations A Leading Provider Of Independent Risk Consulting & Internal Audit Services
29 October 2007 - Project Manager- Business Research / Company Profiles A Leading Provider of Online Data
29 October 2007 - VP / COO- Manufacturing/OPS- Garment/Shirts Client of ZodiaAc Group of Consultants

----------------------------------

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Weekly Wrap: Sensex tanks 1069 points on global weakness

Amid fresh worries about the subprime market in United States, markets across the globe were stormed by the bears last week (November 5 - 9, 2007). Unable to ward off the marauding bears, the Indian bourses ended all the sessions, including the auspicious Muhurat Session on Friday, on a highly negative note.

With FIIs staying away and domestic mutual funds not stepping in any significantly and the reporting season having ended already, global factors dictated price movements last week. The market exhibited immense volatility as participants chose to book profits at every rise. Stock cutting across sectors felt the heat. The one-hour Muhurat session on Friday proved a valuable extra time for the bears and they knocked off over 150 points from the Sensex by launching a merciless attack on blue chips in the final few minutes.

The Sensex, which lost around 385 points on Monday, went down by 190 points on the next session and extended its loss further on the next two sessions as it drifted down by 111 points and 231 points respectively.

The Muhurat Session saw the Sensex plummet by close to 300 points during the final minutes. The barometer finally ended the special session with a 151 point loss.

While the Sensex ended the week with a massive loss of 1068.63 points or 5.35 per cent at 18,907.60, the Nifty, which settled at 5663.25, recorded a loss of 269.15 points or 4.54 per cent.
The mood was so bearish last week that only a few stocks, Hindalco (7.8 per cent), NTPC (2.8 per cent), Cipla (2.2 per cent), BHEL (2.2 per cent), Reliance Industries (0.8 per cent), ACC (0.6 per cent) and Ambuja Cements (0.2 per cent), among the Sensex components ended on the positive side.

Banking sector heavyweights ICICI Bank (14.1 per cent), HDFC Bank (12.5 per cent) and State Bank of India (4 per cent) and IT majors Infosys Technologies (down 10.7 per cent), Satyam Computer Services (down 7.6 per cent), Wipro (down 6.5 per cent) and Tata Consultancy Services (3.4 per cent) closed with sharp losses.

Telecom stocks Reliance Communications and Bharti Airtel eased by 9.7 per cent and 2.7 per cent respectively. Shares of oil & gas exploration major ONGC (down 9.3 per cent) were hammered and engineering giant Larsen & Toubro (down 7. per cent) went down sharply as well.

Tata Steel, Grasim Industries and HDFC lost 6.7 per cent, 6.5 per cent and 4.9 per cent respectively. Among automobile majors, Tata Motors closed with a loss of 7.8 per cent.
Maruti Suzuki and Mahindra & Mahindra lost 3 per cent and 1.6 per cent respectively. Bajaj Auto ended lower by around 1.2 per cent. ITC (down 3.7 per cent), Dr. Reddy's Laboratories (down 1.5 per cent), Ranbaxy Laboratories (down 1.5 per cent), Hindustan Unilever (down 1.3 per cent) and Reliance Energy (down 0.8 per cent) also finished on a weak note.

Nalco, the biggest gainer among Nifty stocks, shot up by 22.7 per cent to Rs 372.55. GAIL India (17.6 per cent) and Hindustan Petroleum Corporation (11.4 per cent) also had a nice ride up the charts. BPCL closed with a modest gain of 3.4 per cent. HCL Technologies ended marginally higher than its previous week's closing price.

Reliance Petroleum, a big gainer in recent weeks, ended with a huge loss of 17.2 per cent. Siemens lost a little over 9 per cent. SAIL ended 8.1 per cent down. Tata Power, VSNL, MTNL, Unitech, GlaxoSmithKline Pharma, Sterlite Industries, Zee Entertainment and Sun Pharmaceuticals lost 3 per cent - 7 per cent. Suzlon Energy (down 2.5 per cent), Punjab National Bank (down 2.4 per cent), ABB (down 1.7 per cent) and Hero Honda (down 1.6 per cent) also closed with notable losses.

Gujarat Minerals, Ramco Systems, i-Flex Solutions, Geometric Software, Canara Bank, Exide Industries, Mico, Polaris, Hindustan Zinc, LIC Housing Finance, Mastek, IndusInd Bank, Aventis Pharma, United Phosphorus, Kotak Bank, Sterlite Optical Technologies, Essel Propack, Jindal Stainless, Escorts, Hinduja TMT, IDBI and Punjab Tractors were among the prominent losers last week.

Ispat Industries flared up by 33.8 per cent. Neyveli Lignite Corporation (18.5 per cent), Fertilizers & Chemicals (15.1 per cent), Federal Bank (13.4 per cent), Raymond (12.1 per cent), Dena Bank (10.8 per cent) and Dredging Corporation (9.7 per cent) ended with hefty gains. Despite struggling on a couple of sessions, Reliance Natural Resources posted a sharp gain of 7.2 per cent.

National Fertilizers, GSFC, Indian Oil Corporation, Mangalore Refineries & Petrochemicals and Mirc Electronics also closed with smart gains.
All the sectoral indices ended in the red last week. The Bankex, the biggest loser of them all, slipped by as much as 9.15 per cent. The IT index closed with a loss of 8.23 per cent. BSE Teck ended lower by 6.9 per cent. The Metal index lost 4.69 per cent while the Auto, Capital Goods, FMCG and Realty indices eased by 2 per cent - 4 per cent.

The Healthcare index ended nearly 2 per cent down and the indices tracking the performance of consumer durables, oil, power and PSU stocks dropped down by 0.3 per cent - 1 per cent.
Even as several blue chip stocks went down sharply, a number of midcap and smallcap stocks were seen attracting strong buying enquiries. Outperforming the premier indices, the Smallcap barometer recorded a marginal gain of 0.15 per cent. The Midcap index ended with a small loss of 0.1 per cent.



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Corporate/Personailty of the Day

Vinod Khosla

Vinod Khosla (born January 28, 1955 in Pune, India[1]) is an Indian-American venture capitalist. He is an influential personality in Silicon Valley. He was one of the co-founders of Sun Microsystems and became a general partner of the venture capital firm Kleiner, Perkins, Caufield & Byers in 1986.

Khosla read about the founding of Intel in Electronic Engineering Times at the age of fourteen and this inspired him to pursue technology as a career. Khosla went on to receive degrees from the IIT Delhi, India (Bachelor of Technology in Electrical Engineering ), Carnegie Mellon University (Masters in Biomedical Engineering), and Stanford Graduate School of Business (MBA).


For more, Visit: http://en.wikipedia.org/wiki/Vinod_Khosla


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Other Corporate Stories

Sterlite plans Rs 8000 cr IPO

Vedanta Resources is considering an initial public offering of Sterlite Energy, its Indian energy unit, to raise up to $2 billion to spearhead its push into the country’s power sector. The move comes as the UK-listed group is facing increasing controversy over its human rights and environmental record in India, with Norway this week dropping the mining and metals group from its $350 billion sovereign wealth fund for ethical reasons.

Sterlite Energy, controlled by Sterlite Industries, India’s largest metals and mining company and part of the Vedanta group, is planning to build power projects with total capacity of 10,000 megawatts in the country. Sterlite Industries told the Bombay Stock Exchange this week that it was considering “financing options for these projects, including the issuance of equity and incurrence of debt”.

People familiar with Sterlite’s plans said that, as part of this, it was considering an initial public offering, probably in India, to raise between $1 billion and $2 billion to fund the plan. The move marks a significant diversification for Vedanta into power generation at a time when India is aggressively soliciting funding for the sector. The government estimates India needs to invest $490 billion in the next five years in infrastructure, a large proportion of which will be dedicated to the power sector.

Reliance Energy, a unit of the conglomerate controlled by Anil Ambani, is planning to raise about Rs 12,000 crore in what will be the country’s biggest IPO. Vedanta declined to comment on the plans for an initial public offering. In its statement, Sterlite Industries said it planned to invest in government projects and in its own initiatives. “The majority of these projects, if awarded and approved, are expected to be commissioned over the next five years,” it said.

But Vedanta will have to deal with concerns from international investors following the move by Norway’s Government Pension Fund – Global, known as the “oil fund”, to bar investment in Vedanta, Sterlite Industries and another unit Madras Aluminium Company. Norway’s finance ministry said: “The fund runs an unacceptable risk of contributing to severe environmental damages and serious or systematic violations of human rights by continuing to invest in the company.”

Last month, thousands of Indian tribal people protested against a Vedanta alumina refinery being set up in Lanjigarh, in the eastern state of Orissa. Vedanta on Thursday declined to comment, saying the the Landijargh case was sub judice in the Indian courts.

But the company said it upheld the highest standards of corporate social responsibility.

---------------------------------------
Moneycontrol.Com

Sensex gains 50%
Birla Power Solutions zooms to new high -
Gitanjali Gems shine up 7.4%
BSE launches BSE Power Index with 14 stocks
Sharp decline in MF NAVs as mkts end on weak note

Be careful about RPL, RNRL: Suri -
Invest in fundamentally strong stocks: Enam Sec -
Blockbuster weekend: OSO vs Saawariya
RIL awarded OG contract in Kurdistan Region of Iraq

----------------------------
Myiris.Com

INOX Leisure opens new multiplex at Lucknow
Weekly wrap up: Gilt yields edge up on hike in MSS ceiling to Rs 25 tn
11th Plan aims average growth rate of 9%
Bank credit up 22.5%
Wrap Up: Market ends 150 pts down in `Muhurat Trading`

SAIL to ink pact with Railways for rail link
Inflation falls to 2.97% on low prices of primary articles


---------------------------
Rediff.Com

Dealing with goons on the Internet
Samvat 2063: Investors had a blast

----------------------------
Others:

Coal: A viable alternative
Samvat 2064 starts on a subdued note
Vedanta plans up to $2 bln IPO for Indian unit-report
Blackstone invests Rs 255 cr in MTAR for 26% stake
Rel Power may win AP ultra mega project


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Gainers of the Week

Some gainers of the Week


Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Ispat Industries
A
26.90
36.00
+ 33.83
+
HMT Ltd.
A
60.90
78.60
+ 29.06
+
National Alumini
A
303.35
370.55
+ 22.15
+
Neyveli Lignite
A
141.05
167.10
+ 18.47
+
GAIL India Ltd.
A
393.35
463.25
+ 17.77
+
Fertilisers & Ch
A
28.55
32.85
+ 15.06
+
GMR Infrastructure L
A
182.90
209.80
+ 14.71
+
Federal Bank
A
394.25
446.95
+ 13.37
+
Power Finance Co
A
241.20
270.75
+ 12.25
+
Raymond Ltd
A
353.20
395.95
+ 12.10
+
Hind. Petrol
A
239.15
266.95
+ 11.62
+
Dena Bank
A
72.50
80.35
+ 10.83
+
Dredging Corpora
A
959.05
1,051.95
+ 9.69
+
Hindalco Indus.
A
187.50
202.20
+ 7.84
+
Welspun Gujarat
A
315.90
338.55
+ 7.17
+
Chennai Petro.
A
324.60
347.55
+ 7.07
+
National Fertili
A
66.80
71.45
+ 6.96
+
Indian Oil Corp
A
495.70
528.85
+ 6.69
+
Mangalore Refine
A
82.10
86.70
+ 5.60
+
Mirc Electronics
A
19.25
20.05
+ 4.16
+
Bharat Petroleum
A
342.60
355.00
+ 3.62
+
Britannia Ind.
A
1,500.65
1,554.90
+ 3.62
+
JaiprakashAssociates
A
1,446.70
1,491.70
+ 3.11
+
NTPC
A
234.75
241.35
+ 2.81
+
BEML Ltd.
A
1,535.05
1,574.10
+ 2.54
+
Reliance Capital
A
1,985.70
2,032.40
+ 2.35


------------------------

Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Parle Software Ltd.
B1
1,201.80
1,739.55
+ 44.75
+
Cambridge Technology
B1
41.90
59.80
+ 42.72
+
Ramsarup Industries
B1
172.70
232.40
+ 34.57
+
GTC Industries
B1
304.80
407.45
+ 33.68
+
Goldstone Tech
T
160.40
213.30
+ 32.98
+
Transwarranty Financ
B1
25.55
32.90
+ 28.77
+
State Trading
B1
1,015.20
1,295.55
+ 27.62
+
Dewan Housing
B1
111.65
142.45
+ 27.59
+
MSP Steel & Power Lt
B1
47.80
60.90
+ 27.41
+
Surya Roshni Ltd
B1
53.90
67.90
+ 25.97
+
RPG Transmissi
B1
273.95
341.35
+ 24.60
+
State Bank Of My
B1
8,250.05
10,150.00
+ 23.03
+
Saamya Biotech (Indi
B1
11.43
14.06
+ 23.01
+
PremierLtd.
B1
95.10
116.95
+ 22.98
+
ITI
B1
43.05
52.75
+ 22.53
+
NoidaTollBridge
B1
41.50
50.25
+ 21.08
+
JRG Securities Ltd.
B1
54.00
65.35
+ 21.02
+
Repro India Ltd.
B1
100.00
120.45
+ 20.45
+
Punj. Alkalie
B1
29.00
34.50
+ 18.97
+
NOCIL
B1
40.30
47.75
+ 18.49
+
Agro Dutch Industrie
B1
30.70
36.35
+ 18.40
+
KEC International Lt
B1
714.20
843.65
+ 18.13
+
Vikash Metal & Power
B1
18.80
22.00
+ 17.02
+
Sunflag Iron
B1
23.60
27.55
+ 16.74
+
Wire & Wireless ( In
B1
40.25
46.90
+ 16.52
+
SolectronCentumElect
B1
162.10
188.45
+ 16.26
+
Net 4 India
B1
77.25
89.70
+ 16.12
+
XL Telecom & Energy
B1
241.55
280.30
+ 16.04
+
Usha Martin Ltd.
B1
89.05
102.90
+ 15.55
+
KCP Ltd.
B1
465.50
536.30
+ 15.21
+
Bank of Maharash
B1
59.95
69.05
+ 15.18
+
Godrej Industries Lt
B1
218.55
251.65
+ 15.15
+
Orbit Corporation
B1
559.65
644.00
+ 15.07
+
PTC India
B1
132.70
152.40
+ 14.85

---------------------------

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Economic Times Headlines

PE investors pour money into virgin sectors
India's debt market at $1.5 trillion by 2016?
Muhurat trading: Markets plunge
Analysts' picks
Centre will provide funds for TN's metro rail project: FM

Adani to hike Mundra plant capacity by 2,000 MW, plans IPO for APL
IIMs' finance clubs launch magazine
Govt to finance hostel construction for SC girl students
Calcutta Stock Exchange rises 26.56 points
LIC (South Zone) to appoint 150 Financial service execs
LIOC losing $6 mn per month on spiralling crude prices

Banks against SEZ land acquisitions funding
Infrastructure private spending will be $100bn by '12
Companies queue up to open shop at SEZ in Dahej
SEZ developers may get sick companies’ land
Google dubbed late entrant in mobile software biz
Visa files for $10 billion IPO

It's a cracker of a Diwali for retailers
Forex reserves up at $266.5 bn
Executives optimistic on economy
Govt to provide Rs 10,300 cr to FCI


US stocks end week with huge drop
World's premier currency is battered
BSE launches power index
Adani plans IPO for APL

------------------------------------------
Not many diversified funds match Sensex gains
5 Nov, 2007, 1231 hrs IST,Muthukumar K
Out of the 139 funds that were analysed, only 26 equity schemes managed to outperform the Sensex.

---------------------------------------------

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The best companies to work for in India

from Business-Today.Com
--------------------------------------------------------------------------------

A BT-Mercer-TNS study.
The best companies to work for in India


Six months of survey and analysis, 94 final participants, and hundreds of man-days of reporting is what it took to bring you the stories of India’s best employers. It’s a list still dominated by IT companies, but that’s fast changing. A BT-Mercer-TNS study.

Uneasy lies the head that wears a crown, they say. Indian IT’s iconic employer, Infosys Technologies, should know exactly how that feels. In the six Best Companies to Work for In India surveys that have preceded this, the Bangalorebased tech giant has topped four of them. This year, it has stumbled.

Rather, it’s been tripped up; partly by the sheer scale-up in its workforce and partly by the soaring aspirations of its young employees. So, the former Numero Uno stands humbled at #5. Instead, there’s a new #1 on our list.

It’s a surprising topper, simply because, although it’s a household name around the world, misty-eyed affection isn’t what its name evokes. We are, of course, talking about Microsoft. However, employees in its six different units in India seem to be in love with the software giant. Elsewhere in this issue, we tell you why.
In a list dominated by IT companies, it takes a lot for non-IT players to break into the top ranks (this year, based on participant feedback, we have decided to feature the top 15 companies, instead of the usual 10. As usual, the identity of the other participants will be kept confidential, although we would be happy to provide them with feedback on their performance in a limited way).

So, Johnson & Johnson, Dr Reddy’s Labs, Marriott Hotels India, and Godrej Consumer Products, take a bow. Finally, you’ll find that some of the survey features run into four pages, while the others are two-pagers. There’s a simple reason behind it: all the new entrants (seven of them) get a more in-depth treatment, while the others, who have featured previously, get a sharply-focussed look. The only exception is Infosys, which, because of its surprising fall from grace, gets a longer pat-down.

The best companies to work for in India
----------------------------------------------

Changing viewersNov 4, 2007
Cool Companies
Business Today's fourth annual listing of 10 companies that are hip and happening. What made each of them stand up and be counted? Read on.

----------------------------------------------

The Best Sector Funds
If you doubt whether thematic or sector funds really do well, take a look at the top 10 funds in the market. Eight of the top 10 funds over the last year have been either sector or thematic funds.
---------------------------------------------

For a few rupees less
As the festive season kicks off, it’s time to go discount shopping.
A simple cover
The new ULIP plan from Birla Sun Life offers a chance to invest in mid-caps.
The gold coin rush
It's raining gold coins, should you be buying now?
The rule-based fund manager
A new fund uses pre-determined quantitative analysis to pick stocks. Is it for you?

----------------------------------------------

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Sensex ends Muhurat session with a big loss

Despite a rousing start, it turned out to be a weak outing for several blue chip stocks in the short one hour Muhurat Trading Session today. The session convened by the bourses to mark the beginning of Samvat Year 2064 saw the Sensex extending its recent losses and close in the red, way down from a high of 19,329.57 it had touched in early trade.

While the Sensex finished with a loss of 151.33 points or 0.79%, the broader 50-stock Nifty index of the National Stock Exchange ended with a loss of 35.50 points or 0.62% at 5663.25.

The Nifty, which had touched a high of 5794.20 in early trade this evening, plunged to a low of 5614.90 during the final minutes of the session. The Sensex crashed to a low of 18,737.22. This is the worst ever setback suffered by the market in special trading sessions.
India's inflation dropped down to 2.97%, its lowest in more than five years, but weak global markets continued to dampen the mood of investors and pushed the indices to a negative close for the fifth straight session today. Participants appeared keen on utilising the one hour trading opportunity to book profits due to sustained weakness in global markets.
As the mood turned quite bearish, only a few stocks, Reliance Communications (0.7%), Cipla (0.45%), NTPC (0.4%), Ranbaxy Laboratories (0.3%) and ONGC (0.2%), among the Sensex components ended on the positive side today.
ACC lost nearly 3.5%. ICICI Bank and Wipro closed lower by 2.15% and 2.05% respectively. Satyam Computer Services, Bharti Airtel, HDFC, Tata Motors, HDFC Bank, Bajaj Auto, Tata Steel, Grasim Industries, Mahindra & Mahindra and State Bank of India lost 1% - 2%.
Hindustan Unilever, Ambuja Cements, Infosys Technologies, Hindalco, Reliance Energy, Tata Consultancy Services and BHEL also closed with sharp losses. Maruti Suzuki eased by around 0.35%. Dr. Reddy's Laboratories, Larsen & Toubro, ITC and Reliance Industries ended marginally lower.
Oil stocks Hindustan Petroleum Corporation, BPCL, Indian Oil Corporation, Reliance Petroleum and Essar Oil closed with strong gains on expectations of a hike in fuel prices.
Suzlon Energy, Ispat Industries, National Fertilizers, Fertilizers & Chemicals, Essel Propack, Gujarat Minerals, Gillette, Indo Rama Synthetics, Spice Telecom, Britannia Industries, Ramco Systems, Punjab Tractors, FDC, Dredging Corporation, Raymond, Apollo Tyre, ING Vysya Bank, Container Corporation and Finolex Cables surged higher on firm buying support.
Though the indices went down sharply, the market breadth remained positive thanks to a fairly strong display by stocks in the midcap and smallcap segments.


Muhurat Day: Sensex ends down 151pts

The Sensex, began Samvat 2064 with a bang, opened with a positive gap of 224 points at 19,283, and soon touched a high of 19,330. The index, however, could not hold gains for long as profit taking at higher levels saw the index slip into red.The index tumbled to a low of 18,737 - down 546 points from the day's high. The Sensex finally ended with a loss of 151 points at 18,908 on this special trading day.In the process, the index finished in red for the first time in the last ten years on Muhurat trading day.

MUHURAT TRADING
Date
Sensex Close
Net Chg

Nov 09, 2007
18,907.60
-151.33

Oct 21, 2006
12,736.82
27.42

Nov 02, 2005
8072.75
128.65

Nov 12, 2004
5964.01
9.67

Oct 25, 2003
4802.28
44.91

Nov 04, 2002
2987.58
37.00

Nov 14, 2001
3113.04
35.85

Oct 26, 2000
3757.16
13.55

Nov 07, 1999
4650.54
52.09

Oct 19, 1998
2853.27
5.16

Oct 30, 1997
3803.24
-131.09

Nov 10, 1996
3080.26
13.60

* Data by BS Research Bureau The BSE Bankex dropped 1.4% to 10,212. The IT and Metal indices slipped 1% each to 4253 and 16,864, respectively.ACC plunged 3.5% to Rs 1,020. ICICI Bank and Wipro slipped over 2% each to Rs 1,143 and Rs 460, respectively.Satyam shed 1.8% at Rs 427. Bharti Airtel, HDFC and Tata Motors dropped 1.5% each to Rs 871, Rs 2,523 and Rs 696, respectively.HDFC Bank, Bajaj Auto and Tata Steel declined 1.3% each to Rs 1,538, Rs 2,398 and Rs 834, respectively.Grasim, Mahindra & Mahindra and SBI were down 1% each at Rs 3,503, Rs 744 and Rs 2,162, respectively.The market breadth, however, was fairly positive - out of 2,557 stocks traded, 1,792 advanced, 701 declined and 64 were unchanged today.


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