Sensex slips 120 pts on global weakness at close: Sify, India

NSE 5698.15 33.55
BSE 19127.73 119.81

As weak global markets dampened the sentiment, the bulls stayed away from the ring right through the session, and, notwithstanding a smart rally staged by a few of their components, the benchmark indices Sensex and Nifty ended in the red today.

While the Sensex, which opened with a negative gap of around 120 points at 19,128.86 and slipped to a low of 19,019.33 in intra-day trades, ended the day with a loss of 119.81 points or 0.62% at 19,127.73, the Nifty closed with a loss of 33.55 points or 0.59% at 5698.15. In intra-day trades today, the Nifty touched a low of 5655.60.

Select auto, realty and information technology stocks had a nice ride up the charts. Capital goods stocks bounced back from their lower levels and regained lost ground in late afternoon trade. Oil, FMCG and healthcare stocks too found support during the closing minutes. Bank and metal stocks had a somewhat sluggish outing. Though a few of them posted smart gains, due to the sharp decline in values of some key stocks in these sectors, the Bankex and Metal indices went down by 0.9% and 1.03% respectively.

Bharti Airtel, which eased by 3.3%, was the biggest loser in the Sensex pack. ICICI Bank ended with a sharp loss of 2.15% despite rallying to Rs 1132.40 from a low of Rs 1119. Reliance Energy, Maruti Suzuki, NTPC, Hindalco and ACC lost 1.5% - 2%. Reliance Industries closed with a loss of 1.4% at Rs 2842. ONGC lost nearly a per cent. Ranbaxy Laboratories, ITC, HDFC Bank, Mahindra & Mahindra and Reliance Communications also ended with sharp losses. HDFC lost around a quarter per cent. Tata Steel, Larsen & Toubro and Infosys Technologies finished with small losses.

BHEL notched up a sharp gain of 2.6%. Bajaj Auto rallied 2.55% to Rs 2653.05. State Bank of India (1.4%), Tata Consultancy Services (1.2%) and Wipro (1.15%) also closed with smart gains.
Tata Motors ended 0.9% up at Rs 716.55. DLF shrugged off a weak start and posted a gain of 0.7%. Ambuja Cements, Grasim Industries and Satyam Computer Services also ended on the positive side, albeit with less pronounced gains. Hindustan Unilever and Cipla ended with slender gains.

More @ Sensex slips 120 pts on global weakness


More articles @ www.sify.com/finance/

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Personalities: Gautam Adani, Aroon Purie

Gautam Adani

Gautam Adani (born June 24, 1962 in Ahmedabad, India) is an Indian businessman. He is the chairman of the Adani Group, a leading trading and export company of India. On November 16, 2007, Forbes magazine announced that Adani was the 13th richest person in India with a personal wealth of US$6.7 billion, making him the first billionaire from the city of Ahmedabad[1] [2]. Gautam Adani was born on June 24, 1962, to Shantilal and Shantaben Adani. He had seven siblings. Adani's parents had migrated from the town of Tharad in northern Gujarat in search of livelihood. Adani was born in the Seth ni Pol are located in Ratanpol in Ahmedabad. He studied at the Seth C. N. Vidyalya school in Ahmedabad. Adani dropped out of school in class 10 and set out for Mumbai to make a living with only a few hundred rupees with him.
He worked in Mumbai as a diamond sorter at Mahindra Bros. After working there for two years, Adani, 18 at the time, set up his own diamond brokerage outfit at Zaveri Bazaar and made his first lakh.[3]

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



Aroon Purie

Aroon Purie is an Indian businessman, and the founder & editor in chief of India Today, a leading newsmagazine of India. He has served as editor of the magazine since founding it in 1975. India Today is printed in several languages other than English. A chartered accountant, Purie first revived Thomson Press. He then set up Living Media to publish India Today, which has redefined magazine journalism in the country. The India Today group which has grown out of the magazine, is one of the largest media conglomerates in India.

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


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Know About: Wal-Mart, Carrefour

Wal-Mart

Wal-Mart Stores, Inc. (NYSE: WMT) is an American public corporation, currently the world's largest public corporation by revenue, according to the 2007 Fortune Global 500.[2] It was founded by Sam Walton in 1962, incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. It is the largest private employer in the world and the fourth largest utility or commercial employer, trailing the People's Liberation Army of China, the National Health Service of the United Kingdom, and the Indian Railways. Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business, as well as the largest toy seller in the U.S., with an estimated 22% share of the toy market.

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

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Carrefour

Carrefour SA (Euronext: CA) (pronounced [karˈfur]) is a French international hypermarket chain, with a global network of outlets. It is the second largest retail group in the world in terms of revenue and sales figures after Wal-Mart. Carrefour operates mainly in the European Union, Brazil, Argentina and Colombia, but also has shops in North Africa and Asia. Carrefour means cross-road in French[2].

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


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Mundra Port to list on bourses tomorrow

Mundra Port to list on bourses

Adani group-promoted Mundra Port and Special Economic Zone Ltd (MPSEZL) will list its equity shares on bourses on Tuesday. The initial public offer (IPO) of the company received robust response from investors and the issue was subscribed over 115 times.

The company had come out with an issue of 4.02 crore shares and the issue price of the shares was fixed at Rs 440. MPSEZL is the first company from SEZ and port sector to hit the capital market. The proceeds of the issue would be utilised for further development of Mundra port and SEZ.

The company is planning to raise about Rs 1,700 crore to part-fund the construction and development of basic infrastructure and allied facilities in the proposed SEZ and construction and development of south basin terminal for coal and other cargo at Mundra Port, among others. Proceeds of the IPO would also be utilised in part- funding Adani Petronet (Dahej) Port Pvt Ltd, Adani Logistic Ltd and investments in Inland Container Pvt Ltd. MPSEZL, the developer and operator of Mundra Port located in Kutch district of Gujarat, is primarily engaged in providing bulk cargo services, container cargo, crude oil cargo and value-added port services, including railway services between Mundra Port and Adipur.

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Source: http://www.theeconomictimes.com and www.moneycontrol.com. Wethank (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.

Stories from Myiris.Com, MoneyControl.Com

Myiris.Com

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Moneycontrol.Com

Sensex may not cross 20K levels in near term: Experts
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You are better off with midcaps!

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Stocks to watch: IndusInd Bk, Voltas
Neyveli Lignite has target of Rs 290: Gujral
Fed to cut rates by 25 bps in Dec: BNP Paribas
Agriculture will be one of the biggest themes soon: Experts

Stake sell in RPL is surprising
It's going to be great time for metal companies


Source: http://www.myiris.com and 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.

ET Headlines

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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.

Sensex up by 395 pts at close : Sify.Com

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

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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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



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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

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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.)

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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.