26 November 2007

Sensex up by 395 pts at close : Sify.Com

Bulls stay tuned again, lift Sensex up by 395 pts at close

NSE 5731.70 123.10
BSE 19247.54 394.67

The bulls continued from where they left last Friday and displayed their strength in no uncertain terms today. They did go in for a few breathers during the course of the session, but at no time the market was in danger of caving in. So buoyant was the mood right through the day that besides the benchmark indices Sensex and Nifty, all the sectoral indices too ended the day on a high note today.

Strong global markets, good participation by domestic mutual funds in recent sessions and short-covering ahead of expiry of November series derivatives contracts were the factors that kept the market entrenched high up in the positive territory till the end today.

While the Sensex, which opened with a positive gap of nearly 220 points at 19,171.25 and hit a high of 19,360.23 in intra-day trades, ended with a gain of 394.67 points or 2.09% at 19,247.54, the Nifty settled at 5731.70 with a gain of 2.19% or 123.10 points. In intra-day trades today, the Nifty touched a high of 5772.55.

Among the sectoral indices, the Metal index was the biggest gainer today. Mirroring strong gains posted by key metal stocks, it ended 5.61% up. The Realty barometer shot up by 3.05% while the Consumer Durables, Capital Goods, IT, Power and Teck indices surged 2% - 3%.
The Bankex firmed up by 1.7%. The FMCG (1.63%), Healthcare (1.4%), Oil & Gas (1.9%) and PSU (1.52%) also ended on a high note. The Auto index, which gained the least, ended 0.74% up.

Reflecting investor interest for stocks from midcap and smallcap segments, the BSE Midcap and Smallcap indices climbed up 1.89% and 1.69% respectively. The dominance of the bulls could be gauged by the fact that barring a couple of, Tata Motors (down 0.6%) and State Bank of India (down 0.4%), the other components of the Sensex ended on a positive note today. Both Tata Motors and State Bank of India, however, had a nice spell in the positive zone till around mid afternoon.

HDFC Bank (up 5.2% to Rs 1643.70) held the number one spot on the gainers list right through the session. Bharti Airtel, a bit sedate to begin with, rallied smartly in afternoon trade to post a strong gain of 3.8%. Reliance Energy scored a handsome gain of 3.75%. Tata Steel, ONGC, Hindalco, Grasim Industries, DLF, Tata Consultancy Services, Reliance Industries, BHEL, Wipro, Satyam Computer Services, Hindustan Unilever and Bajaj Auto gained 2% - 3.5%.
Larsen & Toubro (1.85%), ITC (1.75%), HDFC (1.55%), ICICI Bank (1.55%), ACC (1.45%), Ranbaxy Laboratories (1.45%) and IT bellwether Infosys Technologies (1.2%) also ended on a high note. Cipla, Mahindra & Mahindra, Maruti Suzuki, NTPC and Reliance Communications gained 0.75% - 1% while Ambuja Cements finished with a small gain.

Nalco, which zoomed 14.7% to Rs 382.95, was the biggest gainer from the Nifty pack. Unitech jumped 6.3%. SAIL notched up an impressive gain of 5.4%. Suzlon Energy ended stronger by a little over 4%. Punjab National Bank (3.05%), Hindustan Petroleum Corporation (2.8%), Tata Power (2.55%), HCL Technologies (2.5%), GlaxoSmithKline Pharma (2.1%), Hero Honda (1.8%), Sterlite Industries (1.7%), ABB (1.45%) and VSNL (1.1%) also ended with sharp gains.
Sun Pharmaceuticals, GAIL India and Zee Entertainment posted modest gains. MTNL and BPCL closed with marginal losses. Siemens, a big gainer in recent weeks, ended 1.6% down on profit taking. Reliance Petroleum topped the turnover chart but closed with a sharp loss of 2.65%.

Jindal Steel shot up by 16.75% today. Balaji Telefilms posted a big gain of 12.5%. HMT, Bharat Earth Movers, Jindal Saw, Crompton Greaves, i-Flex Solutions and Sobha Developers gained 7% - 10%. IndusInd Bank, JSW Steel, India Cements, Rolta India, Indian Bank, Jindal Stainless, Hinduja TMT, Titan Industries, Neyveli Lignite Corporation and Mangalore Refineries and Petrochemicals were among the other big gainers from BSE 'A' Group.

Midcap metal stock Bhushan Steel flared up by 45.7% today. Shaw Wallace remained firmly locked at the 20% upper circuit at Rs 388.25. Ansal Infrastructure moved up by over 11%. NIIT, Deccan Aviation, Usha Martin, Gateway Distripark, Bilcare, Bharat Earth Movers, IL & FS and Ruchi Soya went up by 8% - 11%. Lakshmi Overseas, Kalyani Steel, Voltas, KS Oils and Indraprastha Gas also ended on a high note.

As buying remained widespread, the market breadth was quite strong today. Out of 2865 stocks traded on BSE, 1820 stocks closed with gains. 986 stocks ended on a negative note and 59 stocks settled at their previous closing levels.

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IVRCL Infra gets Rs 329 cr orders
Scrip Scan: Hot picks of the week

NTPC to invest Rs 5,459.20 cr in Mauda Thermal Project
Dr Reddy's enters into 10-year agreement with Sygnis AG
'Allahabad Bank eyes stake in African bank'
Chevron evaluates its options on Reliance Petrol
Nitco Tiles turns stronger on 15% stake sale

RPL share sale: Was beating F&O curbs the only reason?
Empee Distilleries shares list up 10%
JM fund: Fully focused on financial services
RIL's Reliance Petro deal puzzle-ridden


Source: http://www.sify.com/finance/. 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.

Personalities: Anil Ambani, Anil Agarwal

Anil Ambani

Anil Ambani (born June 4, 1959) is an Indian businessman. As of October 6th 2007, he has a net-worth of US$32.4 billion, making him the 6th 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 with whom he has two sons: Jai Anmol and Jai Anshul.

More @ http://en.wikipedia.org/wiki/Anil_Ambani

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Anil Agarwal (billionaire)

Anil Agarwal (b. 1954, India) is the founder-director and executive chairman of the UK-based Vedanta Resources corporation, which owns mining and metal resources in India, Australia and Zambia. Having ranked eighth in 2003,[1] as of November 2006, he is the eleventh-richest Indian, with a personal fortune of US$4.5 billion.[2] According to Forbes Magazine, on 8 March 2007, his net worth was $3.8 billion—making him the 230th-richest person in the world.[citation needed] He lives in London, Europe & Russia, and is married, with two children.[2]
As of 6th October 2007, his net worth was estimated at $12.7 billion, making him the 6th richest Indian. [1]. In 2007, he announced a $3.1 billion expansion of capacities of Vedanta Resources,[citation needed] and donated US$1 billion to establish Vedanta University—India's answer to Stanford—in Orissa, eastern India.[3]

More @ http://en.wikipedia.org/wiki/Anil_Agarwal_%28billionaire%29



Source: http://en.wikipedia.org. 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.

25 November 2007

Blog Round-up and Job alerts

Investment Banking Openings in Singhi Advisors
Positions open are:
1)Vice President - Investment Banking
2)Assistant Vice President - Investment Banking

more@Investment Banking Openings in Singhi Advisors

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Equity Analyst Openings in Capmetrics
Equity Research Analyst:The job involves equity and investment banking research, to organize, analyze, synthesize/ summarize data and information using appropriate analytical methodologies, submission of analysis as per client desired format. (spreadsheet, PowerPoint etc.)

More@Equity Analyst Openings in Capmetrics
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Multibagger Stock Pick-Hindustan Zinc

Multibagger Stock Pick-Karuturi Networks Ltd.

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Indian Stock Market
Get daily free tips on scrips.

http://www.nse-bse-sharetips.blogspot.com

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SRF Polymers Open Offer Price fixed

Kolte Patil IPO Grey Market Premium

Mundra Port IPO Allotment Status and Listing Date

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Mundra Port & SEZ IPO Listing on 27th November 2007

Simplex Infra secures 580 crore order from Dubai port world

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Source:
www.kpowave.blogspot and same blogger/author's other blogs sources.
www.bullishindian.com and www.bsensedaily.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.

Economic Times Headlines

The Economic Times.com

India joins trillion-dollar economy club
ADAG seeks to raise Reliance Power IPO face value to Rs 10
Over six lakh millionaires in ten Indian cities
Rupee rally adds $40 bn to billionaires' kitty

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Commodity hedging crosses Rs 4,500 cr-mark
Investors compete to be a part of India growth story
Decisions steering Telecom toward high growth: Raja
Tata moves into pole position to buy Jaguar, Rover
Murugappa Group to invest in Singur for Tata small car project

Saudi realty firm plans $3 bn investment in India
PSU shares market cap zooms
RIL nets Rs 3,843 cr from RPL shares
ADAG to raise Reliance Power IPO
UCO Bank plans Rs 450 cr FPO
Urban Ministry wants Rs 2.6 lakh cr


Air India incurs losses of Rs 448 crore
Indian may post Rs 250-crore loss
Jet Li hits record with $13 mn paycheck
Quipo Infrastructure to invest Rs 2,000 cr
Future Group's logistics arm to invest Rs 400 cr
Bull run can fetch good dividends even for PSUs
IIM-C annual fest to provide base to new entrepreneurs

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Source: http://www.theeconomictimes.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.

Empee Distilleries to list around Rs 430-500

Empee Distilleries to list around Rs 430-500


Chennai based, Empee Distilleries will list on the bourses on Monday, November 26, 2007. The offer price has been fixed at Rs 400 per share.
Investment Advisor, S P Tulsian said, "Empee Distilleries is likely to list at Rs 430 as against the issue price of Rs 400. Buying is advised upto Rs 430 while profit booking may be made above Rs 450. Share is a good bet for medium term."
"Empee is expected to list at around Rs 450-500. One should book profits", according to R S Iyer of K R Choksey Securities.
The company had entered capital market with a public issue of 48,00,000 shares of Rs 10 each priced Rs 350-400 per share and its issue had subscribed 6.87 times.
It proposed to part-finance its expansion from the net proceeds. The company plans to set up 60 klpd grain based distillery and blending & bottling Indian-made-foreign-liquor plant with capacity of 0.07 lakh cases per month in Nellore, Andhra Pradesh. It plans to expand the existing distillery in Mevalorkuppam.
The company will also set up 7.5 MW biomass based power plant in Aranthangi, and develop 2 lakh square feet of residential space at Mevalorkuppam, in Tamil Nadu.

More @ www.moneycontrol.com



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.

VC,PE Updates from Indiape.com

PE investors betting big on natural resources cos
Khodays plans to acquire Australian winery for $50 mn

Amit Bhatia eyes 3 PE firms
ACK Media acquires Amar Chitra Katha and Tinkle

Firefly eVentures acquires Desimartini.com
Capital18 picks stake in Webchutney

George Soros fund buys stake in India's Future Capital Holdings
Tata Capital likely to buy 32% stake in Precision Cam

PE deals double in H2, valued at $13.62 billion
JC Flowers buys 36% in Sicom for Rs 350 crore

Essel Sports to raise Rs 200 crore, divest 25 percent to PE funds
PE, hedge funds bought 10% stake in Argentum

Global players line up $25 b for Indian realty pie
Indiareit to Invest in Luxury Housing Project Outside Mumbai
India's Fortis Financial buys 76 pct of Australia's Capital Market Solutions


More news @ www.indiape.com



Source: http://www.indiape.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.

BusinessLine.in Stories

www.businessline.in


India is hot for global realtors
Reliance gains a billion $-lift
FIFA signs up Satyam for World Cup

Tatas roll out millionth car on Indica platform
PE investors betting big on natural resources cos
Realty emerges top grosser in IPO mop-up

The multi-baggers from 10k to 20k
Construction equipment — Building on the boom
‘Clear sub-prime picture may emerge only next year’

Index Outlook
Jyothy Labs (IPO): Invest at cut-off
Saregama India: Hold

Apollo Tyres: Buy
‘ULIPs offer flexibility and protection’
Dredging Corporation: Book Profits

Query Corner
Fund update /Fund Talk
Prominent bulk deals on NSE & BSE

Baskets of X
Bull's Eye
Nifty: Decisive direction soon

Standard Chartered Premier Equity: Hold
HSBC Midcap Equity: Hold
Reliance Pharma beats sluggish phase for pharma funds
In big league / Wild card


More@ http://www.thehindubusinessline.com


Source: www.businessline.in. 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.

24 November 2007

Know About: China Mobile, Vodafone

China Mobile

China Mobile Communications Corporation (Chinese: 中国移动通信, Hanyu Pinyin: Zhōngguó Yídòng Tōngxìn) (SEHK: 0941, NYSE: CHL), also known as China Mobile or CMCC, is the largest mobile phone operator in China. It is the world's largest mobile phone operator ranked by number of subscribers, with over 349.66 million customers [1] (as of end of September, 2007). By turnover it is second to Vodafone, which owns 3.3% of China Mobile. It is now the largest market capital company listed in the Hong Kong Stock Exchange, which exceeds that of HSBC. China Mobile is also fifth in the BrandZ ranking. A state-owned enterprise of the People's Republic of China government, it was spun off from former monopoly China Telecom in 1997, and now has a 67.5% share of the competitive mainland Chinese mobile market. China Mobile also owns Paktel in Pakistan. China Mobile is the largest company registered in Hong Kong and it is headquartered on Queen's Road.

more@ http://en.wikipedia.org/wiki/China_Mobile


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Vodafone

Vodafone Group Plc is a mobile network operator headquartered in Newbury, Berkshire, England, UK. It is the largest mobile telecommunications network company in the world by turnover and has a market value of about £84.7 billion (July 2007). Vodafone currently has equity interests in 27 countries and Partner Networks (networks in which it has no equity stake) in a further 40 countries. The name Vodafone comes from Voice data fone, chosen by the company to "reflect the provision of voice and data services over mobile phones."[1]
At 31 January 2007 Vodafone had 200 million proportionate customers in 27 markets across 5 continents.[2] ("Proportionate customers" means, for example, that if Vodafone has a 30% stake in a business with a million customers, that is counted as 300,000). On this measure it is the second largest mobile telecom group in the world behind China Mobile. The eight markets where it has more than ten million proportionate customers are the United Kingdom, Germany, India, Italy, Spain, Turkey, Egypt and the United States. In the U.S., these customers come via its minority stake in Verizon Wireless, and in the other seven markets Vodafone has majority-controlled subsidiaries.

more@ http://en.wikipedia.org/wiki/Vodafone



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Most Respected Companies Survey : BusinessWorld

Most Respected Companies Survey

Financial success or altruism alone is not enough to command respect. Indian companies are trying to strike the right balance.
JEHANGIR S. POCHA
Some sitting atop rickety buses, some cramped together in cabs, some perched precariously on overloaded rickshaws, and others walking cheerfully in groups through sun-burnt streets. The annual general meeting of Reliance Industries is the Haj many of the company’s million-plus shareholders make with religious zeal — and for good reason. No other company has enriched so many shareholders by so much in India’s history. So it’s significant that ever since BW commissioned the Most Respected Companies survey in 1983, Reliance has never been able to shake off the accusations that plague it and win the crown of respect. If Mukesh Ambani needs any consolation beyond the $10 billion addition in his notional wealth this year, he should consider that one eruption in Singur has been enough to fracture the painstakingly acquired reputation of his rival Ratan Tata’s Tata Motors

more @ http://www.businessworld.in/content/view/2781/2860

Articles:

The Top Three

Murthy’s View From The Top / Bharti Airtel: Towering Ambition
Reliance Industries: Big Brother


The Other Top Seven

Two For The Road: Maruti Vs Tata / An Account Of HDFC Bank’s Fall
RCOM: Call Of The Wild / Bennett, Coleman & Co: High Times
Kingfisher: A Merry Flight / The Tatas: Keepers Of Conscience

What Earns Peer Respect / Column: Arun Maira /Column: Malvinder Singh
The Pecking Order / MNCs: The Outsiders That Got In /
Methodology: Rules Of The Game


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Source: http://www.businessworld.in . 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.