GDP growth slows to 8.9% in Q2
The economy has registered a growth of 8.9 per cent in the second quarter (July-September) of the current fiscal. This is below the 10.2 per cent year-on-year increase in the gross domestic product (GDP) for the corresponding quarter of 2006-07 and also the 9.3 per cent growth of the first quarter of this fiscal.
“As anticipated, the overall growth has moderated”, admitted the Union Finance Minister, Mr P. Chidambaram. In the same breadth, however, he noted that the 8.9 per cent figure was close to the nine per cent level as earlier predicted. “I am still confident that growth for the whole year will be pretty close to nine per cent”, the Minister added.
First half growth
The GDP growth for the first half of 2007-08 works out to 9.1 per cent (against 9.9 per cent for April-September 2006-07), as per the estimates released by the Central Statistical Organisation (CSO) here on Friday. The overall growth rate for 2006-07 amounted to 9.4 per cent, while it was nine per cent in 2005-06, 7.5 per cent in 2004-05 and 8.5 per cent in 2003-04.
Mr Chidambaram made it clear that the Government was not looking at growth hitting double digits this fiscal. But even if it turns out in the region of nine per cent, it would cap a five-year dream run, unprecedented in the recorded history of the country’s economy.
Deceleration
The moderation in GDP increase during the latest quarter was mainly due to lower growth of manufacturing (8.6 per cent against 12.7 per cent for July-September 2006). A similar deceleration was reported for ‘electricity, gas and water supply’ (7.3 per cent against 8.1 per cent), ‘trade, hotels, transport and communications’ (11.4 per cent against 14.2 per cent), ‘financing, insurance, real estate and business services’ (10.6 per cent against 11.1 per cent) and ‘community, social and personal services’ (7.8 per cent against 8.3 per cent).
The only sectors to buck the trend were ‘agriculture’ (which grew 3.6 per cent during July-September 2007, against 2.9 per cent) and ‘mining and quarrying’ (7.7 per cent versus 3.9 per cent). Construction, too, maintained its last year’s corresponding growth rate of 11.1 per cent.
Investment rates
Mr Chidambaram attributed the decline in manufacturing growth mainly to segments such as consumer durables. However, he based his overall optimism for the economy on the sustained investment rates, as measured by the ratio of gross fixed capital formation (GFCF) to GDP. This number (at constant 1999-2000 prices) stood at 30.3 per cent for July-September 2007, which was higher than the 28.6 per cent for July-September 2006 and 29.6 per cent for April-June 2006.
“The high GFCF rate of 30.3 per cent shows that buoyancy in investment remains intact and investment continues to be the driver of growth. It gives me the confidence that the year will end with a GDP growth pretty close to nine per cent”, the Finance Minister added.
More @ www.businessline.in
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01 December 2007
Weekly wrap-up - Sensex rises 510.32 pts : Myiris.com
Weekly wrap-up: Sensex rises 510.32 pts
Indian equities regained its momentum in a volatile session during the last week, helped by the strong rally in the market on Friday, on the back of huge buying by foreign as well as domestic institutional investors after the US Federal Reserve chairman Ben S. Bernanke indicated that the Federal Reserve may reduce interest rates to boost economic growth.
The broad based rise in the market was led by the realty, metal, consumer durable, IT, banking and auto stocks. India`s benchmark 30 share index, BSE Sensex gained 510.32 points, or 2.71%, to 19,363.19 over the week ended November 30, while the broad based NSE Nifty climbed 154.15 points, or 2.75%, to 5,762.75 in the same period. The mid-cap index climbed 3.95% while the small-cap index gained 3.49% in the week. BSE Realty index jumped 8.62%, while Metal index surged 6.85%. Consumer durable index gained 5.18%, IT index climbed 4.49%, Bankex rose 4.38%, Auto index increased 4.05% and Oil & gas index went up 3.10% in the week ended November 30.
Overseas investors were net sellers in equities worth Rs 12.21 billion in the period of November 26 to November 29. As per the provisional figures overseas investors bought net of Rs 10.72 billion worth equities on November 30. On the other hand, Indian mutual funds were net buyers in equities to the tune Rs 8.41 billion in the period of November 26 to November 29.
Major Corporate Announcements / Developments
Software shares such as Tata Consultancy Services, Infosys Technologies, Satyam Computer, and Wipro climbed in the week on speculation that lower interest in US will strengthen demand for their services. Reliance Power, a subsidiary of Reliance Energy, received a letter of intent for 4,000 MW ultra mega power project (UMPP) based on imported-coal at Krishnapatnam, Andhra Pradesh.
Shares of Adani Group promoted Mundra Port and Special Economic Zone listed at a premium of Rs 330, or 75%, at Rs 770 as compared with the issue price of Rs 440 a share on November 27. It touched a high of Rs 1,150, a low of Rs 770. Shares finally closed with a premium of Rs 521.7, or 118.57%, at Rs 961.7. Total volume of shares traded was 14,721,792.India`s biggest lender, State Bank of India secured cabinet approval to raise maximum of Rs 167 billion by selling stock to existing shareholders, reports Bloomberg.
The Union Cabinet on November 30 approved to raise the capital of State Bank of India by subscribing to a rights issue of equity shares worth Rs 100 billion (USD 2.5 billion). The board of India`s biggest power transmission company, Power Grid Corporation of India approved investment proposals worth Rs 16.30 billion, which will be invested in strengthening transmission systems under various schemes. Oil PricesOil prices slipped to their lowest in more than a month on Friday, falling below USD 89 a barrel on heavy selling on signs of weakening demand and expectations that OPEC will increased production.
InflationIndia`s wholesale price index (WPI) based Inflation moved up 3.21% for the week ended November 17, as against 3.01% in the previous week. The annual rate of inflation stood at 5.56%, a year ago.
GDPIndia`s gross domestic product (GDP) grew at lowest rate in Q2 of fiscal 2007-08, since last 12 months. The economy expanded at a rate of 8.9% in Q2 of fiscal 2007-08 compared with 10.2% in the same quarter previous year. This was mainly due to weaker growth in manufacturing, trade, hotels, transport, communication, financing, real estates and business services.
More@ www.myiris.com
Source: http://www.myiris.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 provided. Blog is not responsible for any faulty information.
Indian equities regained its momentum in a volatile session during the last week, helped by the strong rally in the market on Friday, on the back of huge buying by foreign as well as domestic institutional investors after the US Federal Reserve chairman Ben S. Bernanke indicated that the Federal Reserve may reduce interest rates to boost economic growth.
The broad based rise in the market was led by the realty, metal, consumer durable, IT, banking and auto stocks. India`s benchmark 30 share index, BSE Sensex gained 510.32 points, or 2.71%, to 19,363.19 over the week ended November 30, while the broad based NSE Nifty climbed 154.15 points, or 2.75%, to 5,762.75 in the same period. The mid-cap index climbed 3.95% while the small-cap index gained 3.49% in the week. BSE Realty index jumped 8.62%, while Metal index surged 6.85%. Consumer durable index gained 5.18%, IT index climbed 4.49%, Bankex rose 4.38%, Auto index increased 4.05% and Oil & gas index went up 3.10% in the week ended November 30.
Overseas investors were net sellers in equities worth Rs 12.21 billion in the period of November 26 to November 29. As per the provisional figures overseas investors bought net of Rs 10.72 billion worth equities on November 30. On the other hand, Indian mutual funds were net buyers in equities to the tune Rs 8.41 billion in the period of November 26 to November 29.
Major Corporate Announcements / Developments
Software shares such as Tata Consultancy Services, Infosys Technologies, Satyam Computer, and Wipro climbed in the week on speculation that lower interest in US will strengthen demand for their services. Reliance Power, a subsidiary of Reliance Energy, received a letter of intent for 4,000 MW ultra mega power project (UMPP) based on imported-coal at Krishnapatnam, Andhra Pradesh.
Shares of Adani Group promoted Mundra Port and Special Economic Zone listed at a premium of Rs 330, or 75%, at Rs 770 as compared with the issue price of Rs 440 a share on November 27. It touched a high of Rs 1,150, a low of Rs 770. Shares finally closed with a premium of Rs 521.7, or 118.57%, at Rs 961.7. Total volume of shares traded was 14,721,792.India`s biggest lender, State Bank of India secured cabinet approval to raise maximum of Rs 167 billion by selling stock to existing shareholders, reports Bloomberg.
The Union Cabinet on November 30 approved to raise the capital of State Bank of India by subscribing to a rights issue of equity shares worth Rs 100 billion (USD 2.5 billion). The board of India`s biggest power transmission company, Power Grid Corporation of India approved investment proposals worth Rs 16.30 billion, which will be invested in strengthening transmission systems under various schemes. Oil PricesOil prices slipped to their lowest in more than a month on Friday, falling below USD 89 a barrel on heavy selling on signs of weakening demand and expectations that OPEC will increased production.
InflationIndia`s wholesale price index (WPI) based Inflation moved up 3.21% for the week ended November 17, as against 3.01% in the previous week. The annual rate of inflation stood at 5.56%, a year ago.
GDPIndia`s gross domestic product (GDP) grew at lowest rate in Q2 of fiscal 2007-08, since last 12 months. The economy expanded at a rate of 8.9% in Q2 of fiscal 2007-08 compared with 10.2% in the same quarter previous year. This was mainly due to weaker growth in manufacturing, trade, hotels, transport, communication, financing, real estates and business services.
More@ www.myiris.com
Source: http://www.myiris.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 provided. Blog is not responsible for any faulty information.
30 November 2007
Know About: eBay, Amazon.com
eBay
eBay Inc. (NASDAQ: EBAY) is an American Internet company that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell goods and services worldwide. In addition to its original U.S. website, eBay has established localized websites in several other countries. eBay Inc also owns PayPal, Skype, and other businesses.
More about @ http://en.wikipedia.org/wiki/EBay
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Amazon.com
Amazon.com, Inc. (NASDAQ: AMZN) is an American e-commerce company based in Seattle, Washington. It was one of the first major companies to sell goods over the Internet and was one of the iconic stocks of the late 1990s dot-com bubble. After the bubble burst, Amazon faced skepticism about its business model, but it made its first annual profit in 2003.
Founded by Jeff Bezos in 1994, and launched in 1995, Amazon.com began as an online bookstore, though it soon diversified its product lines, adding VHSs, DVDs, music CDs, MP3s, computer software, video games, electronics, apparel, furniture, food, toys, and more.
Amazon has established separate websites in Canada, the United Kingdom, Germany, Austria, France, China, and Japan. It ships globally on selected products.
More @ http://en.wikipedia.org/wiki/Amazon.com
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 provided. Blog is not responsible for any faulty information.
eBay Inc. (NASDAQ: EBAY) is an American Internet company that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell goods and services worldwide. In addition to its original U.S. website, eBay has established localized websites in several other countries. eBay Inc also owns PayPal, Skype, and other businesses.
More about @ http://en.wikipedia.org/wiki/EBay
--------------------------------------------------
Amazon.com
Amazon.com, Inc. (NASDAQ: AMZN) is an American e-commerce company based in Seattle, Washington. It was one of the first major companies to sell goods over the Internet and was one of the iconic stocks of the late 1990s dot-com bubble. After the bubble burst, Amazon faced skepticism about its business model, but it made its first annual profit in 2003.
Founded by Jeff Bezos in 1994, and launched in 1995, Amazon.com began as an online bookstore, though it soon diversified its product lines, adding VHSs, DVDs, music CDs, MP3s, computer software, video games, electronics, apparel, furniture, food, toys, and more.
Amazon has established separate websites in Canada, the United Kingdom, Germany, Austria, France, China, and Japan. It ships globally on selected products.
More @ http://en.wikipedia.org/wiki/Amazon.com
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 provided. Blog is not responsible for any faulty information.
Angel investor: A life line for rookie entrepreneurs
Angel investor: A life line for rookie entrepreneurs : The Economic Times
Business aspirant Madan Pandit quit his job in 2004 and roamed Bangalore’s cyber cafes to build the prototype of an online search analytics tool, which he later converted into his first venture. When he needed funds for the start-up, he didn’t consider venture capital (VC) firms but approached well-known angel investor Kanwaljit Singh. With an unproven technology and hardly a business model to speak of, he still succeeded in getting the funding. On the other hand, Phaninder Sama, co-founder of Redbus.in, an online bus ticketing site, ran his new business for around three months before making a venture capital pitch.
He and his partners skipped the angel step altogether. They, too, got the money. In fact, the new image acquired by the VC connection helped them hire high-class talent. Two entrepreneurs. Two radically opposite strategies. And both are happy with their respective choices today. So, how does one tell whether a new business should go in for angel investment or venture capital funding? It is indeed a crucial choice for a small company, because if an entrepreneur is not yet ready for venture capital, it is pointless to waste time pitching the business to VCs and more profitable to approach an angel.
Angel investors, often, are successful entrepreneurs themselves, fondly reliving their early struggles and wanting to mentor young minds. Some think of investments in start-ups as a way to give back to society. Others, who left India and made it big in the West, want to shrink the country’s economic growth curve with the stimulus their money would bring to entrepreneurship. Thus, they are driven first by the beauty of new ideas and only then, by return on investment. They can put in as little as a few lakhs of rupees to as much as several crores.
Venture capital funds, on the contrary, are professionally-driven enterprises which pool in resources from their investors and channel them into ideas that are more likely to succeed. They often look for a proven, or at least a well thought-out business model, cash flow, management bandwidth and so on. They also look to invest a sizeable amount of money, say a few million dollars. “By default, you would always want to go in for VC,” Suvir Sujan, a venture capitalist with Nexus India Capital and a former angel investor, said. “VCs can get you further with capital. With an angel, you could get stuck, because there is only so much funding an angel can provide. After all, he is just one individual.
The VC offers the stability of an institution.” However, an angel would be the option when VCs are telling you it is too early to invest in your company, he added. Venture capital funds can be of immense help in building a company to maturity, after the business has cleared the initial hurdle of getting on the track. In an increasingly globalised world, marketing and hiring the best talent can be expensive and large investments are called for in the growth stage. Angel investors don’t have the financial muscle to shepherd their investee companies beyond a point.
Source: http://www.theconomictimes.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 given. Blog is not responsible for any faulty information.
Business aspirant Madan Pandit quit his job in 2004 and roamed Bangalore’s cyber cafes to build the prototype of an online search analytics tool, which he later converted into his first venture. When he needed funds for the start-up, he didn’t consider venture capital (VC) firms but approached well-known angel investor Kanwaljit Singh. With an unproven technology and hardly a business model to speak of, he still succeeded in getting the funding. On the other hand, Phaninder Sama, co-founder of Redbus.in, an online bus ticketing site, ran his new business for around three months before making a venture capital pitch.
He and his partners skipped the angel step altogether. They, too, got the money. In fact, the new image acquired by the VC connection helped them hire high-class talent. Two entrepreneurs. Two radically opposite strategies. And both are happy with their respective choices today. So, how does one tell whether a new business should go in for angel investment or venture capital funding? It is indeed a crucial choice for a small company, because if an entrepreneur is not yet ready for venture capital, it is pointless to waste time pitching the business to VCs and more profitable to approach an angel.
Angel investors, often, are successful entrepreneurs themselves, fondly reliving their early struggles and wanting to mentor young minds. Some think of investments in start-ups as a way to give back to society. Others, who left India and made it big in the West, want to shrink the country’s economic growth curve with the stimulus their money would bring to entrepreneurship. Thus, they are driven first by the beauty of new ideas and only then, by return on investment. They can put in as little as a few lakhs of rupees to as much as several crores.
Venture capital funds, on the contrary, are professionally-driven enterprises which pool in resources from their investors and channel them into ideas that are more likely to succeed. They often look for a proven, or at least a well thought-out business model, cash flow, management bandwidth and so on. They also look to invest a sizeable amount of money, say a few million dollars. “By default, you would always want to go in for VC,” Suvir Sujan, a venture capitalist with Nexus India Capital and a former angel investor, said. “VCs can get you further with capital. With an angel, you could get stuck, because there is only so much funding an angel can provide. After all, he is just one individual.
The VC offers the stability of an institution.” However, an angel would be the option when VCs are telling you it is too early to invest in your company, he added. Venture capital funds can be of immense help in building a company to maturity, after the business has cleared the initial hurdle of getting on the track. In an increasingly globalised world, marketing and hiring the best talent can be expensive and large investments are called for in the growth stage. Angel investors don’t have the financial muscle to shepherd their investee companies beyond a point.
Source: http://www.theconomictimes.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 given. Blog is not responsible for any faulty information.
Economic Times Headlines
Economy slows down to 8.9 pc in second quarter
India's economy likely to slow in second quarter: : Analysts
Near 9 pc economic growth in FY'08 possible: FM
Unitech's IT SEZs notified
FDI limit in aviation on cards
April-Oct fiscal deficit at $20.7bn
Omaxe to set up SEZ in Rajasthan
Wall St set to jump on rate cut hop
Tata Steel signs JV with Australian Riversdale Mining
Sensex stuns by 360 pts rally
Cabinet approves SBI rights issue
Angel investor: A life line for rookie entrepreneurs
United Spirits to merge Shaw Wallace with itself
Govt may find buyers for RILbs KG gas
Indo Asian to enter cables, wires business
Hindalco eyes South American copper mines
Tata Steel, Riversdale Mining in JV for Mozambique coal project
Entrepreneurs take to the sky with regional airlines
Customs, tax sops for textile exporters
Cabinet approves 11th Plan; aims at 9 pc growth
FDI limit in aviation on cards
BSE steps in to check surge in IL&FS Investsmart, 11 others
Realty stocks soar on govt plans
Traders rollover short positions to December series
Mystery of the missing Reliance Petroleum short-sellers
Adlabs Film in ban period in F&O segment
Builders rush to grab concessional pie
SAIL wins India's Employers of Choice Award 2007
Source: http://www.theconomictimes.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 given. Blog is not responsible for any faulty information.
India's economy likely to slow in second quarter: : Analysts
Near 9 pc economic growth in FY'08 possible: FM
Unitech's IT SEZs notified
FDI limit in aviation on cards
April-Oct fiscal deficit at $20.7bn
Omaxe to set up SEZ in Rajasthan
Wall St set to jump on rate cut hop
Tata Steel signs JV with Australian Riversdale Mining
Sensex stuns by 360 pts rally
Cabinet approves SBI rights issue
Angel investor: A life line for rookie entrepreneurs
United Spirits to merge Shaw Wallace with itself
Govt may find buyers for RILbs KG gas
Indo Asian to enter cables, wires business
Hindalco eyes South American copper mines
Tata Steel, Riversdale Mining in JV for Mozambique coal project
Entrepreneurs take to the sky with regional airlines
Customs, tax sops for textile exporters
Cabinet approves 11th Plan; aims at 9 pc growth
FDI limit in aviation on cards
BSE steps in to check surge in IL&FS Investsmart, 11 others
Realty stocks soar on govt plans
Traders rollover short positions to December series
Mystery of the missing Reliance Petroleum short-sellers
Adlabs Film in ban period in F&O segment
Builders rush to grab concessional pie
SAIL wins India's Employers of Choice Award 2007
Source: http://www.theconomictimes.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 given. Blog is not responsible for any faulty information.
Rediff, Myiris Business Articles
Rediff.Com
BSE to check sharp rise in 12 stocks
Indian small-cap stocks 2nd best in Asia
India's Q2 GDP growth rate slips to 8.9%
Cabinet okays big ticket economic plans
8 ways to identify profitable shares
IPOs: Discount for retail investors
MF News / IPOs / Interviews
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Myiris.Com
Brokers Outlook: Upward trend to be seen on Monday
Wrap Up: Market ends on a cheerful note
Power Grid board okays Rs 16.30 bn investments
GE Shipping orders 2 new Supramax dry bulk carriers
Indo Asian Fusegear floats new subsidary
GDP advances 8.9% in Q2 FY07-08 (Update 2) /GDP for Q2 FY07-08 up 8.9% (Update 1)
Parle Software board recommends 3:1 bonus issue
3i acquires minority stake in Hyd-based Soma Enterprise
RCom gets ready for Rs 222.88 bn order
Source: http://www.rediff.com and www.myiris.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 given. Blog is not responsible for any faulty information.
BSE to check sharp rise in 12 stocks
Indian small-cap stocks 2nd best in Asia
India's Q2 GDP growth rate slips to 8.9%
Cabinet okays big ticket economic plans
8 ways to identify profitable shares
IPOs: Discount for retail investors
MF News / IPOs / Interviews
------------------------------------------------------
Myiris.Com
Brokers Outlook: Upward trend to be seen on Monday
Wrap Up: Market ends on a cheerful note
Power Grid board okays Rs 16.30 bn investments
GE Shipping orders 2 new Supramax dry bulk carriers
Indo Asian Fusegear floats new subsidary
GDP advances 8.9% in Q2 FY07-08 (Update 2) /GDP for Q2 FY07-08 up 8.9% (Update 1)
Parle Software board recommends 3:1 bonus issue
3i acquires minority stake in Hyd-based Soma Enterprise
RCom gets ready for Rs 222.88 bn order
Source: http://www.rediff.com and www.myiris.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 given. Blog is not responsible for any faulty information.
Labels:
Myiris Business Articles,
Rediff
Monthly Gainers: Rediff.com
Source: http://money.rediff.com/money/jsp/monthly_gainer.jsp
As on 30.11.2007
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Ispat Industries A 27.65 51.45 + 86.08
+
Fertilisers & Ch A 23.75 40.00 + 68.42
+
Neyveli Lignite A 140.05 235.55 + 68.19
+
Nirma Limited A 151.75 237.00 + 56.18
+
National Fertili A 46.45 72.05 + 55.11
+
Mangalore Refine A 82.00 120.45 + 46.89
+
Mirc Electronics A 19.60 28.30 + 44.39
+
GMR Infrastructure L A 177.25 254.50 + 43.58
+
HMT Ltd. A 63.05 88.55 + 40.44
+
Omaxe Ltd. A 310.50 434.80 + 40.03
+
Hinduja Ventures A 425.05 583.00 + 37.16
+
Bongaigaon Refin A 69.90 95.60 + 36.77
+
Rashtriya Chem&Fert. A 55.65 75.00 + 34.77
+
Jindal Stainless Ltd A 166.65 217.70 + 30.63
+
Vijaya Bank A 61.65 79.05 + 28.22
+
Welspun Gujarat A 328.65 419.15 + 27.54
+
Escorts Ltd. A 119.70 152.60 + 27.49
+
Chambal Fertilis A 49.95 62.50 + 25.13
+
Indian Bank A 153.25 190.60 + 24.37
+
Dena Bank A 65.50 81.45 + 24.35
+
JaiprakashAssociates A 1,458.80 1,812.70 + 24.26
+
Kotak Mahindra Bank A 1,000.00 1,234.30 + 23.43
+
Indian Overseas A 133.40 164.45 + 23.28
+
Chennai Petro. A 331.55 407.90 + 23.03
+
IndusInd Bank A 97.40 119.20 + 22.38
+
HDIL A 672.65 821.25 + 22.09
+
D-Link India Ltd. A 76.20 91.95 + 20.67
-----------------------------------------------
Parle Software Ltd. B1 834.60 1,817.00 + 117.71
+
GTC Industries B1 277.75 593.50 + 113.68
+
IVP Limited B1 30.00 57.85 + 92.83
+
Wire & Wireless ( In B1 37.25 70.10 + 88.19
+
Lloyds Steel B1 12.89 24.13 + 87.20
+
Pudumjee Pulp B1 84.90 155.55 + 83.22
+
Guj. Amb.Exports B1 40.05 71.75 + 79.15
+
Solar Explosives B1 255.25 432.95 + 69.62
+
Eveready Industr B1 43.60 73.70 + 69.04
+
Vikash Metal & Power B1 18.70 31.60 + 68.98
+
XL Telecom & Energy B1 233.80 394.80 + 68.86
+
Cambridge Technology B1 43.60 73.15 + 67.78
+
Chemplast Sanma B1 6.88 11.14 + 61.92
+
Deccan Aviation Ltd. B1 152.70 242.90 + 59.07
+
PremierLtd. B1 95.55 151.25 + 58.29
+
Motilal Oswal Financ B1 1,089.35 1,718.95 + 57.80
+
Mukta Arts Ltd. T 105.45 165.65 + 57.09
+ Saamya Biotech (Indi B1 12.70 19.78 + 55.75
+
IL&FS Investmart Ltd B1 174.45 267.30 + 53.22
+
NoidaTollBridge B1 34.65 52.95 + 52.81
+
Agro Dutch Industrie B1 26.00 39.65 + 52.50
+
LT Overseas Ltd. B1 44.40 67.50 + 52.03
+
Shringar Cinemas B1 68.65 102.25 + 48.94
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Source: http://www.rediff.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 given. Blog is not responsible for any faulty information.
As on 30.11.2007
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Ispat Industries A 27.65 51.45 + 86.08
+
Fertilisers & Ch A 23.75 40.00 + 68.42
+
Neyveli Lignite A 140.05 235.55 + 68.19
+
Nirma Limited A 151.75 237.00 + 56.18
+
National Fertili A 46.45 72.05 + 55.11
+
Mangalore Refine A 82.00 120.45 + 46.89
+
Mirc Electronics A 19.60 28.30 + 44.39
+
GMR Infrastructure L A 177.25 254.50 + 43.58
+
HMT Ltd. A 63.05 88.55 + 40.44
+
Omaxe Ltd. A 310.50 434.80 + 40.03
+
Hinduja Ventures A 425.05 583.00 + 37.16
+
Bongaigaon Refin A 69.90 95.60 + 36.77
+
Rashtriya Chem&Fert. A 55.65 75.00 + 34.77
+
Jindal Stainless Ltd A 166.65 217.70 + 30.63
+
Vijaya Bank A 61.65 79.05 + 28.22
+
Welspun Gujarat A 328.65 419.15 + 27.54
+
Escorts Ltd. A 119.70 152.60 + 27.49
+
Chambal Fertilis A 49.95 62.50 + 25.13
+
Indian Bank A 153.25 190.60 + 24.37
+
Dena Bank A 65.50 81.45 + 24.35
+
JaiprakashAssociates A 1,458.80 1,812.70 + 24.26
+
Kotak Mahindra Bank A 1,000.00 1,234.30 + 23.43
+
Indian Overseas A 133.40 164.45 + 23.28
+
Chennai Petro. A 331.55 407.90 + 23.03
+
IndusInd Bank A 97.40 119.20 + 22.38
+
HDIL A 672.65 821.25 + 22.09
+
D-Link India Ltd. A 76.20 91.95 + 20.67
-----------------------------------------------
Parle Software Ltd. B1 834.60 1,817.00 + 117.71
+
GTC Industries B1 277.75 593.50 + 113.68
+
IVP Limited B1 30.00 57.85 + 92.83
+
Wire & Wireless ( In B1 37.25 70.10 + 88.19
+
Lloyds Steel B1 12.89 24.13 + 87.20
+
Pudumjee Pulp B1 84.90 155.55 + 83.22
+
Guj. Amb.Exports B1 40.05 71.75 + 79.15
+
Solar Explosives B1 255.25 432.95 + 69.62
+
Eveready Industr B1 43.60 73.70 + 69.04
+
Vikash Metal & Power B1 18.70 31.60 + 68.98
+
XL Telecom & Energy B1 233.80 394.80 + 68.86
+
Cambridge Technology B1 43.60 73.15 + 67.78
+
Chemplast Sanma B1 6.88 11.14 + 61.92
+
Deccan Aviation Ltd. B1 152.70 242.90 + 59.07
+
PremierLtd. B1 95.55 151.25 + 58.29
+
Motilal Oswal Financ B1 1,089.35 1,718.95 + 57.80
+
Mukta Arts Ltd. T 105.45 165.65 + 57.09
+ Saamya Biotech (Indi B1 12.70 19.78 + 55.75
+
IL&FS Investmart Ltd B1 174.45 267.30 + 53.22
+
NoidaTollBridge B1 34.65 52.95 + 52.81
+
Agro Dutch Industrie B1 26.00 39.65 + 52.50
+
LT Overseas Ltd. B1 44.40 67.50 + 52.03
+
Shringar Cinemas B1 68.65 102.25 + 48.94
-------------------------------------------------------------------------------
Source: http://www.rediff.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 given. Blog is not responsible for any faulty information.
Weekly Gainers : Rediff.com
Source : http://money.rediff.com/money/jsp/weekly_gainer.jsp
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Ispat Industries A 39.10 51.45 + 31.59
+
Lanco Infratech Ltd. A 432.20 531.85 + 23.06
+
Sun TV Network Ltd. A 310.05 380.70 + 22.79
+
Nirma Limited A 195.90 237.00 + 20.98
+
Videsh Sanchar N A 525.50 626.60 + 19.24
+
Hind. Zinc A 685.15 809.80 + 18.19
+
Sterlite Indus. A 879.10 1,034.75 + 17.71
+
GlaxoSmithKlineConsu A 616.00 718.15 + 16.58
+
IndusInd Bank A 102.45 119.20 + 16.35
+
Indian Overseas A 141.95 164.45 + 15.85
+
Omaxe Ltd. A 378.20 434.80 + 14.97
+
Rolta India A 635.40 729.65 + 14.83
+
Indian Bank A 166.75 190.60 + 14.30
+
EIH Ltd. A 143.40 163.70 + 14.16
+
Shipping Corpn. A 236.30 267.45 + 13.18
+
Rashtriya Chem&Fert. A 66.40 75.00 + 12.95
+
Jindal Saw A 749.05 845.60 + 12.89
+
HDIL A 729.10 821.25 + 12.64
+
Chennai Petro. A 363.45 407.90 + 12.23
+
Hinduja Ventures A 520.25 583.00 + 12.06
+
Jindal St & Pwr A 12,096.00 13,508.35 + 11.68
+
I-Flex Solutions Ltd A 1,348.10 1,504.95 + 11.63
+
Ashok Leyland A 40.15 44.80 + 11.58
+
JaiprakashAssociates A 1,625.95 1,812.70 + 11.49
+
Bombay Dyeing A 653.95 727.40 + 11.23
+
Central Bank A 122.95 135.40 + 10.13
+
HDFC Bank A 1,562.70 1,719.00 + 10.00
--------------------------------------------------------
IVP Limited B1 35.45 57.85 + 63.19
+
Ankit Metal & Power B1 52.75 75.00 + 42.18
+
Pudumjee Pulp B1 111.50 155.55 + 39.51
+
Shaw Wallace(C) B1 323.55 437.65 + 35.27
+
Solar Explosives B1 321.30 432.95 + 34.75
+
Eveready Industr B1 55.25 73.70 + 33.39
+
Hind. Oil Explor B1 107.65 142.40 + 32.28
+
IL&FS Investmart Ltd B1 205.30 267.30 + 30.20
+
Wire & Wireless ( In B1 53.90 70.10 + 30.06
+
Cambridge Technology B1 56.65 73.15 + 29.13
+
Electrosteel Cas B1 65.10 83.80 + 28.73
+
JHS Svendgaard Labor B1 40.00 51.40 + 28.50
+
KPIT Cummins Infosys B1 99.00 127.15 + 28.43
+
OCL India Limi B1 246.85 316.25 + 28.11
+
ABG Shipyard B1 780.90 995.30 + 27.46
+
Lloyds Steel B1 18.94 24.13 + 27.40
+
Mid-Day Multimedia L B1 46.55 59.25 + 27.28
+
Rico Auto Inds. B1 33.20 42.25 + 27.26
+
Deccan Aviation Ltd. B1 191.05 242.90 + 27.14
+
Oriental Trimex B1 17.75 22.40 + 26.20
+
PVR Ltd. B1 218.40 275.10 + 25.96
+
Development Cred B1 114.95 144.55 + 25.75
+
Parle Software Ltd. B1 1,451.00 1,817.00 + 25.22
+
Bhushan Steel Ltd. B1 1,081.75 1,350.15 + 24.81
+
Redington (India) Lt B1 329.40 410.45 + 24.61
+
TIL Ltd. B1 510.00 634.45 + 24.40
+
Guj. Amb.Exports B1 58.00 71.75 + 23.71
+
Technocraft Industri B1 61.05 75.30 + 23.34
+
IL&FS Investment Man B1 278.25 342.80 + 23.20
+
Nilkamal Ltd. B1 243.00 298.50 + 22.84
+
Crest Animation Stud T 100.60 123.35 + 22.61
+
Zenith Infotech B1 320.00 390.95 + 22.17
+
Visa Steel B1 36.15 43.65 + 20.75
+
Godrej Industries Lt B1 234.05 281.90 + 20.44
+
Gitanjali Gems B1 364.50 434.20 + 19.12
More@http://money.rediff.com/money/jsp/weekly_gainer.jsp
-----------------------------------------------------------------
Source: http://www.rediff.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 given. Blog is not responsible for any faulty information.
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
Ispat Industries A 39.10 51.45 + 31.59
+
Lanco Infratech Ltd. A 432.20 531.85 + 23.06
+
Sun TV Network Ltd. A 310.05 380.70 + 22.79
+
Nirma Limited A 195.90 237.00 + 20.98
+
Videsh Sanchar N A 525.50 626.60 + 19.24
+
Hind. Zinc A 685.15 809.80 + 18.19
+
Sterlite Indus. A 879.10 1,034.75 + 17.71
+
GlaxoSmithKlineConsu A 616.00 718.15 + 16.58
+
IndusInd Bank A 102.45 119.20 + 16.35
+
Indian Overseas A 141.95 164.45 + 15.85
+
Omaxe Ltd. A 378.20 434.80 + 14.97
+
Rolta India A 635.40 729.65 + 14.83
+
Indian Bank A 166.75 190.60 + 14.30
+
EIH Ltd. A 143.40 163.70 + 14.16
+
Shipping Corpn. A 236.30 267.45 + 13.18
+
Rashtriya Chem&Fert. A 66.40 75.00 + 12.95
+
Jindal Saw A 749.05 845.60 + 12.89
+
HDIL A 729.10 821.25 + 12.64
+
Chennai Petro. A 363.45 407.90 + 12.23
+
Hinduja Ventures A 520.25 583.00 + 12.06
+
Jindal St & Pwr A 12,096.00 13,508.35 + 11.68
+
I-Flex Solutions Ltd A 1,348.10 1,504.95 + 11.63
+
Ashok Leyland A 40.15 44.80 + 11.58
+
JaiprakashAssociates A 1,625.95 1,812.70 + 11.49
+
Bombay Dyeing A 653.95 727.40 + 11.23
+
Central Bank A 122.95 135.40 + 10.13
+
HDFC Bank A 1,562.70 1,719.00 + 10.00
--------------------------------------------------------
IVP Limited B1 35.45 57.85 + 63.19
+
Ankit Metal & Power B1 52.75 75.00 + 42.18
+
Pudumjee Pulp B1 111.50 155.55 + 39.51
+
Shaw Wallace(C) B1 323.55 437.65 + 35.27
+
Solar Explosives B1 321.30 432.95 + 34.75
+
Eveready Industr B1 55.25 73.70 + 33.39
+
Hind. Oil Explor B1 107.65 142.40 + 32.28
+
IL&FS Investmart Ltd B1 205.30 267.30 + 30.20
+
Wire & Wireless ( In B1 53.90 70.10 + 30.06
+
Cambridge Technology B1 56.65 73.15 + 29.13
+
Electrosteel Cas B1 65.10 83.80 + 28.73
+
JHS Svendgaard Labor B1 40.00 51.40 + 28.50
+
KPIT Cummins Infosys B1 99.00 127.15 + 28.43
+
OCL India Limi B1 246.85 316.25 + 28.11
+
ABG Shipyard B1 780.90 995.30 + 27.46
+
Lloyds Steel B1 18.94 24.13 + 27.40
+
Mid-Day Multimedia L B1 46.55 59.25 + 27.28
+
Rico Auto Inds. B1 33.20 42.25 + 27.26
+
Deccan Aviation Ltd. B1 191.05 242.90 + 27.14
+
Oriental Trimex B1 17.75 22.40 + 26.20
+
PVR Ltd. B1 218.40 275.10 + 25.96
+
Development Cred B1 114.95 144.55 + 25.75
+
Parle Software Ltd. B1 1,451.00 1,817.00 + 25.22
+
Bhushan Steel Ltd. B1 1,081.75 1,350.15 + 24.81
+
Redington (India) Lt B1 329.40 410.45 + 24.61
+
TIL Ltd. B1 510.00 634.45 + 24.40
+
Guj. Amb.Exports B1 58.00 71.75 + 23.71
+
Technocraft Industri B1 61.05 75.30 + 23.34
+
IL&FS Investment Man B1 278.25 342.80 + 23.20
+
Nilkamal Ltd. B1 243.00 298.50 + 22.84
+
Crest Animation Stud T 100.60 123.35 + 22.61
+
Zenith Infotech B1 320.00 390.95 + 22.17
+
Visa Steel B1 36.15 43.65 + 20.75
+
Godrej Industries Lt B1 234.05 281.90 + 20.44
+
Gitanjali Gems B1 364.50 434.20 + 19.12
More@http://money.rediff.com/money/jsp/weekly_gainer.jsp
-----------------------------------------------------------------
Source: http://www.rediff.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 given. Blog is not responsible for any faulty information.
Mkts close on a high note; Sensex soars : Sify.com
After opening on a high note this morning, the market retreated a bit within the next few minutes as stocks found some resistance at higher levels. However, it recovered rather swiftly and kept moving ahead as the session progressed with the firm trend on the Asian bourses and buoyant GDP growth keeping the bulls fairly engaged right till the end.
Mirroring the upbeat mood, the Sensex, which opened with a positive gap of over 130 points at 19,136.12 and hit a high of 19,424.99 in late afternoon trade, ended with a strong gain of 359.93 points or 1.89% at 19,363.19. The Nifty index of the National Stock Exchange closed with a gain of 2.27% or 108.15 points at 5762.75, around 20 points down from its intra-day high of 5782.55.
Thanks to the extremely positive sentiment, only Hindustan Unilever (down 1.45%), Ambuja Cements (down 0.85%), Bajaj Auto (down 0.55%) and BHEL (down 0.25%) among the Sensex components ended in the negative territory today.
Among Nifty stocks, GlaxoSmithKline Pharma (down 3.4%), Hindustan Petroleum Corporation (down 2.85%) and Hero Honda (down 2.6%) lost significant ground. Strong and widespread was the surge that all the sectoral indices closed with sharp gains today. The Metal index, which moved up by 5.09%, was the biggest gainer followed by the Realty barometer, which surged 3.94%. The Bankex, IT, Oil & Gas and Teck indices gained 2.5% - 2.75%. Mirroring the gains posted by power stocks, the Power index climbed up 2.13%.
The Consumer Durables, Capital Goods, FMCG and PSU indices went up by 1% - 1.75% while the Auto and Healthcare indices firmed up by 0.92% and 0.91% respectively. With several stocks from the midcap space vaulting higher, the Midcap index shot up by 2.28%. The BSE Smallcap index, not missing out on the rally, ended stronger by 1.31%.
Realty stock DLF ended as the biggest gainer from the Sensex for the first ever time. The stock, which made it to the Sensex pack recently, closed with a big gain of 7.05% at Rs 943.90.
Reliance Energy powered up by 4.5%. Tata Consultancy Services gained 3.85%. HDFC rallied 3.6%. Satyam Computer Services gained 3.4%. Tata Steel moved up by nearly 3% to Rs 825.70. ONGC (2.6%), Grasim Industries (2.6%), HDFC Bank (2.5%), Mahindra & Mahindra (2.45%), Maruti Suzuki (2.25%), Infosys Technologies (2.2%), Wipro (2.2%), Ranbaxy Laboratories (2.2%) and NTPC (2.15%) also closed with strong gains.
More @ Mkts close on a high note; Sensex soars
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Source: http://www.sify.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 given. Blog is not responsible for any faulty information.
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